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GOOD.WELL, IT'S 6 29 AND 46 SECONDS.
WE'RE GONNA START JUST A COUPLE OF SECONDS EARLY.
UH, I CALL THIS MEETING TO ORDER OF THE TAX INCREMENT FINANCE SOUTH BOARD OF THE CITY OF GARLAND, TEXAS.
TIME IS NOW 6:30 PM MEETING IS BEING HELD IN THE WORK SESSION ROOM AT CITY HALL WILLIAM DOLLAR MUNICIPAL BUILDING, 200 NORTH FIFTH STREET, GARLAND, TEXAS.
FIRST ITEM, UH, ON OUR AGENDA IS APPROVAL OF THE MINUTES.
AND YOU SHOULD HAVE A COPY OF THE MINUTES FROM THE LAST MEETING.
I'M ASK YOU JUST PULL THAT MICROPHONE JUST A LITTLE CLOSER TO MAKE SURE WE GET YOU OKAY.
YES, I WOULD ENTERTAIN A MOTION FOR APPROVAL OF THE MINUTES.
ANY COMMENTS, QUESTIONS, CONCERNS? ALL THOSE IN FAVOR SAY AYE.
ANYBODY OPPOSED? MOTION CARRIES.
NUMBER TWO IS PUBLIC COMMENTS.
DO WE HAVE ANYBODY HERE THAT HAS SIGNED UP TO SPEAK? I DON'T SEE ANYBODY.
WE'RE GONNA MOVE ON TO NUMBER THREE, UH, ITEMS FOR INDIVIDUAL CONSIDERATION.
UM, IF YOU HAVEN'T HEARD, I WAS ELECTED, UH, AND APPROVED BY THE CITY COUNCIL AS OUR CHAIR, UH, FOR THIS BOARD.
UH, HOWEVER, WE ARE GOING TO ELECT A VICE CHAIR, UM, SOMEBODY THAT COULD, YOU KNOW, TAKE THE ROLE OF THE CHAIR IN CASE OF MY ABSENCE OR SOMETHING.
I JUST FELT LIKE IT'D BE GOOD TO HAVE THAT.
UH, SO I WOULD, UH, ENTERTAIN ANY MOTIONS, UH, OR NOMINATIONS FOR VICE CHAIR.
ARE WE ALLOWED TO NOMINATE OURSELVES? SURE.
AND IF ANYBODY, UH, IS WILLING TO VOTE FOR ME, I'LL BE INTERESTED IN TAKING THE VICE CHAIR.
I, MCC ME GOT A NOMINATION FOR JASON.
GUESS WE CAN VOTE ON IT NOW? MM-HMM
ANYBODY OPPOSED? MOTION CARRIES.
YOU CAN'T NOMINATE YOURSELF AND THEN OPPOSED.
AND THEN VOTE AGAINST YOURSELF.
IT'S NOT GONNA FOLLOW THE RULES.
TWO JASONS, HOW ABOUT THAT? OH YEAH.
UM, NUMBER B UNDER THREE IS, UH, TIFF NUMBER TWO, PERFORMANCE UPDATE AND PROJECT SPENDING BREAKDOWN.
I JUST WANTED TO RECOGNIZE BILL SWER, OUR PREVIOUS CHAIR.
UH, JUST SO Y'ALL KNOW, FROM KIND OF A PROCEDURAL STANDPOINT, THE TIF BOARDS ARE KIND OF ODD 'CAUSE THEY'RE IN THE TAX CODE, BUT A CHAIR HAS TO BE REAPPOINTED EVERY YEAR.
AND SO THERE'S TYPICALLY AN INTERVIEW PROCESS AND, UH, I GUESS JASON, MR. SHANKS DREW THE SHORT END OF THE STRAW THIS YEAR, SO HE'S OUR NEW CHAIR.
THANK, BUT I WANTED TO RECOGNIZE BILL, HE'S OUR, PROBABLY OUR LONGEST STANDING TIF TWO MEETING AND HAS SERVED FOR MANY, MANY YEARS AND WE APPRECIATE HIM.
I'M STILL GETTING USED TO Y'ALL.
I MEAN, STILL A NEW FACE TO THE TIF TWO BOARD.
UM, AND I HAVE MATT WATSON IN UP HERE WITH ME, UM, TO WALK US THROUGH KIND OF AN OVERVIEW OF THE TIFF, UH, TWO REINVESTMENT ZONE, REALLY DRILLING IN ON KIND OF THE REVENUES, UM, SOME FOLLOW UP ITEMS FROM THE LAST MEETING.
AND THEN ALSO KIND OF LEAD SOME LEAD IN ITEMS FOR A FUTURE MEETING.
SO WE'LL START WALKING THROUGH THAT.
SO WE'LL START WITH THE POWERPOINT THAT'S IN FRONT OF YOU, AND THEN WE'LL PIVOT OVER TO THE, TO THIS HANDOUT SHORTLY.
SO JUST A REMINDER, UM, FOR A TAX REINVESTMENT ZONE OR A TAX INCREMENT FINANCE ZONE, THEY CAN BE USED INTERCHANGEABLY.
UM, ONCE THE ZONE IS ESTABLISHED, UM, ANYTHING ABOVE THAT BASE YEAR PROPERTY VALUE IS THAT WHAT WE CALL THE INCREMENTAL GROWTH, IS WHAT FLOWS TO THE TIFF.
SO THAT'S WHAT WE'RE LOOKING TO, UH, YOU KNOW, PROGRAM ON AN ANNUAL BASIS AND USE TO REINVEST WITHIN THIS, THIS AREA.
SO THERE ARE TWO WAYS TO CREATE NEW TAX REVENUE.
SO THAT'S NEW CONSTRUCTION INVESTMENT, AND THEN THE ANNUAL APPRECIATION OF REAL PROPERTY.
SO, JUST A REMINDER, WE, WE RECENTLY EXTENDED THIS TIFF FOR ANOTHER 20 YEARS AND EXPANDED THE BOUNDARIES FOR THIS TIFF MM-HMM
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UM, SO YOU CAN SEE THIS, THE, THE HISTORICAL REVENUES FOR THIS TIFF IMPACT GREATLY IMPACTED BY THE GREAT RECESSION WITH THE RECENT RESURGENCE.
AND THIS 2025 VALUE IS NOT, UH, INCLUSIVE OF THE EXPANSION.
THE TAX YEAR 2026 WILL BE THE FIRST WITH THE EXPANDED ZONE AND ANY INCREMENT ALONG, UH, GET GENERATED FROM THOSE PROPERTIES.
UM, BUT WE ARE IN A, IN A GROWTH PERIOD FOR THIS TIFF.
SO IT'S A REALLY GOOD TIME TO EXTEND THE LIFE AND EXPAND THE BOUNDARIES AND CAPTURE ANY, UH, NEW CONSTRUCTION AND INCREMENTAL GROWTH ON EXISTING PROPERTY.
SO, MOVING TO OUR HANDOUT YOU HAVE IN FRONT OF YOU, IT WAS A, IT WAS A QUESTION AT THE LAST MEETING ABOUT, UM, WHAT ARE THE LARGEST, UH, PROPERTIES WITHIN THE TIFF ZONE AND THE LARGEST AND HOW MUCH INCREMENTAL VALUE THEY'RE BRINGING.
SO WE HAVE A HANDOUT ORGAN ORGANIZED FROM THE SMALLEST, FROM THE LARGEST TO THE SMALLEST BY PROPERTY ADDRESS.
UM, AND WE ARE WORKING WITH, UM, THE GIS TEAM TO GET A VISUAL OF THIS AS WELL, SO THAT WAY WE HAVE A, A LAYER WE CAN, YOU CAN TOGGLE ON AND OFF AND, AND WE CAN BE MORE INTERACTIVE WITH OUR PRESENTATIONS IN THE FUTURE.
COUPLE OF THINGS TO POINT OUT ON HERE, THERE, THIS TIFF FROM A DIVERSITY STANDPOINT IS, UH, YOU CAN SEE THERE IS A LOT OF PROPERTIES IN THE, UH, TIFF BOUNDARIES WITH A LOT OF THEM, YOU KNOW, NOT MAKING UP A BIG CHUNK OF IT.
AND TYPICALLY THAT'S WHAT YOU'D LIKE TO SEE IN A TIFF BECAUSE THE MORE CONCENTRATED A TIFF IS IN ONE'S ONE AREA, YOU'RE KIND OF PUTTING ALL YOUR EGGS IN ONE BASKET.
YOU CAN, YOU CAN SEE IN THE TOP FIVE THAT DOES REPRESENT ABOUT 30% OF IT.
AND A LOT OF THOSE ARE NEW, UM, MULTIFAMILY UNITS THAT HAVE COME ON.
BUT THE FACT THAT WE HAVE SUCH A DIVERSE SPREAD OF THESE IS A GOOD SIGN FOR THE TIFF MOVING FORWARD.
UM, 'CAUSE YOU WILL SEE AT THE END OF THE END OF THIS, UH, LAST PAGE OF THIS, THERE ARE SOME NEGATIVE VALUES AND THAT'S WHAT YOU DON'T WANNA SEE.
BUT IF YOU'RE SEEING JUST THOSE SMALL VALUES, THAT'S OKAY.
IS AGAIN, WITH A TAX INCREMENT, IF PROPERTY VALUES GO DOWN OR SOME A, A PIECE OF PROPERTY IS DEMOLISHED AND OR WHATEVER HAPPENS, THAT PROPERTY CAN ACTUALLY NEGATIVELY IMPACT A TIF.
SO I JUST WANTED TO POINT IT OUT.
IT IT IS A VERY WELL DIVERSIFIED TIFF.
THERE IS SOME CONCENTRATION IN THOSE, UM, UM, APARTMENT UNITS THAT, UH, HAVE COME ONLINE.
AND THEN AS ALLISON MENTIONED, WE WILL, WE'RE WORKING WITH GIS TO GET THIS ALL ON A MAP AND WE'LL ALSO HAVE THE EXPANDED BOUNDARIES.
THE EXPANDED BOUNDARIES AREN'T SHOWN HERE 'CAUSE WE DON'T HAVE ANY INCREMENTS FOR IT.
BUT WE'LL HAVE A FULL INTERACTIVE MAP AND WE'LL SHARE THAT LINK AS SOON IT'S DEVELOPED.
CAN I ASK YOU A QUESTION AT THIS POINT AS, UH, GEORGE BUSH HAS EXTENDED SOUTH FROM I 30, THERE'S GOING TO BE SOME DESTRUCTION OF APARTMENTS.
WILL THAT COME IN AS A NEGATIVE OR HOW WILL THAT BE ACCOUNTED FOR? IF, IF YOU RECALL, WE HAVE A LITTLE, UH, DON'T HAVE THE MAP IN FRONT OF US, BUT THE, THERE'S A LITTLE DONUT IN THAT AREA AND THAT DONUT IS MEANT TO TAKE THOSE PROPERTIES OUT, OUT, OUT.
NO, IT'S ABOUT $60 MILLION OF VALUE.
ACTUALLY, I HAVE A QUESTION, UM, JUST, AND YOU MAY HAVE STATED IN ANOTHER MEETING, BUT THE, THE LARGEST NEGATIVE ONE IS THE TEXAS DEPARTMENT OF PUBLIC.
WHAT DOES THAT, UM, REPRESENT? THAT IS THE TEXAS DEPARTMENT OF PUBLIC SAFETY.
SAFETY HAD A FACILITY, UM, OFF I 30 AND THEY HAVE MOVED TO GEORGE BUSH.
OUTSIDE OF THE DISTRICT, THEY OWNED THAT BUILDING OR DID THEY RENT IT DID NOT.
THAT'S WHAT I, I KNEW THE PROPERTY OWNER THAT OWNED THAT BUILDING.
THAT'S WHY I ASKED THE QUESTION.
AND IT'S UP FOR SALE RIGHT NOW, IS IT? YEAH.
SO IT'S POSSIBLE THAT IT WILL COME BACK ON TAX ROLLS.
IT'S POSSIBLE THAT IT WILL COME BACK ON ONCE IT'S SOLD.
IT'S, AND MORE THAN LIKELY WHAT IT IS IS JUST THEY, THE DPS PROBABLY TOOK ALL THE MATERIALS AND EVERYTHING WITH THEM TO GEORGE BUSH.
BUT I WOULD ANTICIPATE THAT ONE COMING BACK ONLINE.
SO LIKE THE BAPTIST CHURCH AND THAT, THE GOODWILL THAT'S ON THIS LAST PAGE SHOWING NEGATIVE, DOES THAT MEAN THAT THEY'RE EMPTY OR THAT THEY'RE NOT PAYING TAXES OR? I WOULD GUESS THAT THE BAPTIST CHURCH PROBABLY WAS AT ONE POINT, UH, WAS SOMETHING ELSE AND TURN INTO A BAPTIST CHURCH.
SO WE LOST TEXAS TAXABILITY THERE.
AND IF YOU WANT, WHEN WE GET THE INTERACTIVE MAP, WE CAN DEFINE SOME OF THAT FOR YOU SO YOU CAN SEE WHAT'S THE HISTORY OF IT, THE HISTORY OF WHAT'S HAPPENED, AND MAYBE WHAT YEAR THESE CAME ONLINE.
AND I'M SORRY TO DERAIL, I WAS JUST NO, THAT'S FINE.
WE'VE SEEN THIS INFORMATION LAID OUT IN THIS FORMAT AND ALL THOSE NEGATIVE NUMBERS.
AND IT'S NOT UNCOMMON, IT'S TYPICAL TO SEE THAT.
AND THAT'S WHY I WANTED TO MENTION THAT, HOW DIVERSIFIED THIS IS.
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A TON OF PROPERTIES, WHICH IS GOOD.SO YOU CAN TAKE ON A LITTLE BIT OF IMPACT.
NOW IF WE START SEEING THOSE TOP FIVE GO OUT
UM, CAN YOU GIVE ME AN EXAMPLE AS TO WHY SOME OF THESE WOULD BE IN THE NEGATIVE? UM, SPECIFICALLY WHAT I'M CURIOUS ABOUT IS, IS WALMART REAL ESTATE? ARE THEY NOT PAYING TAXES ON THE, ON THE PROPERTY THAT THEY HAVE THAT'S SHOWING NEGATIVE 5 67, 560 7,000.
I'LL PROBABLY HAVE TO RESEARCH.
SO THIS SLIDE HAS NOTHING TO DO WITH THEIR PAYING OR NOT.
SO THIS IS JUST WHAT'S ON OUR TAX ROLLS.
SO THIS IS THE ESTIMATED VALUE BY D AD AND WHAT'S TURNING INTO THE INCREMENT.
SO HOW YOU GET WHAT OUR ACTUAL REVENUE IS AS YOU TAKE THIS.
SO THE TOTAL AT THE VERY BOTTOM IS 339 MILLION.
RIGHT? TAKE THAT DIVIDED BY 100 TIMES OUR TAX RATE.
THAT'S THE REVENUE COMING INTO THE TIFF.
THIS IS THE VALUE OF THE PROPERTY AS APPRAISED BY D AD.
WHY WOULD IT BE NE BE APPRAISED AT A NEGATIVE VALUE? IT'S NOT.
IT'S IT THE, IT'S THE INCREMENTAL VALUE.
SO IT'S THE DIFFERENCE, SAY IN 2004.
OH, IT'S THE INCREMENTAL VALUE I GOT YOU.
IT COULD HAVE BEEN A ABOVE THAT.
I DON'T THINK I REALIZED THAT EITHER.
SO IT'S THE APPRAISED VALUE OF THE PROPERTY.
WALMART MAY HAVE BEEN $50 MILLION HERE AND IT'S THAT 49 NOW.
SO THAT'S THE INCREMENTAL VALUE IS NEGATIVE.
THIS IS THE INCREMENTAL TAX VALUE.
TOOK A SECOND TO GOOD QUESTION, LISA.
ESPECIALLY I JUST SHUT UP AND LET HER TALK BECAUSE SOMETIMES I, I GET TOO FINANCY
I JUST HAD TO GET IN A TIFF MIND INSTEAD OF REAL WORLD MIND.
I'M ABOUT THE FORMAT OR THE HANDOUTS.
THE SIDE HERE THAT I DID PUT ON THERE, THE DIVI, WHAT THE DIVISION IS IS IF IT'S THIS C IT'S A COMMERCIAL PROPERTY.
IF IT'S AN R, IT'S RESIDENTIAL.
AND JUST OUTTA CURIOSITY, DO YOU KNOW WHERE IN THIS CHART WE WOULD FIND BASS PRO BUILDING? SO I HAVE QUESTIONS, UH, ARE MAIN RESIDENTIAL.
SO, UM, ALL THOSE PROPERTIES IN GARLAND IS LISTED HERE OR NO? SAY THAT AGAIN.
ALL, ALL THE, ALL THE PROPERTIES, PROPERTIES IN UM, RESIDENT RESIDENTIAL PROPERTIES ARE LISTED HERE.
IF THEY ARE IN TIF TWO'S BOUNDARIES.
SO MEANING IF THEY'RE IN THE I 30 CORRIDOR CORRIDOR AND MOST OF THE RESIDENTIAL OR BRAND NEW HOUSES THAT COME ON.
'CAUSE WE TYPICALLY JUST AS ANOTHER POINT OF WHAT WE TYPICALLY TRY TO DO, WE DON'T TYPICALLY BUILD TIFFS AROUND RESIDENTIAL PROPERTIES.
THEY USUALLY JUST KIND OF ORGANICALLY SHOW UP IN IT.
'CAUSE WE REALLY WANT IT TO BE BOOSTING THE COMMERCIAL PROPERTIES.
AND THERE'S ACTUALLY IN THE TAX CODE LAWS AGAINST BUILDING TIFFS AROUND RESIDENTIAL PROPERTIES.
AND THEY'VE DONE THAT BECAUSE WE, YOU DON'T WANT TO GET INTO A SITUATION.
'CAUSE AGAIN, A TIFF'S PURPOSE IS ECONOMIC DEVELOPMENT.
YOU DON'T WANT TO GET INTO A PURPOSE WHERE YOU GOT A WHOLE BUNCH OF HOUSES AND A TIFF.
AND IN THE WHOLE PURPOSE OF IT IS TO DISPLACE THEM.
I KNOW THERE WAS A QUESTION ABOUT BASS PRO.
I SEE THAT BASS PRO THE SAME EDGE.
WELL PLUS A LOT OF OTHER THINGS ON BASS PRO DRIVE THOUGH.
BUT I DO SEE THAT REFERENCE QUITE A BIT.
OBVIOUSLY THE COMMERCIAL, THE ACTUAL BASS PRO THOUGH THE BUILDING YEAH.
OR IS THAT IT'S OWNED BY SOME 2,400 BASS PRO DRIVE.
THAT'S ACTUALLY NOT THE BASS PRO.
THAT WAS, THAT'S NOT, NO, NO, THAT'S ACTUALLY YOU HAVE THE OLD MAP FOR BASSPRO.
IT MIGHT BOB, AND DON'T ASK ME WHY IT WAS DONE THIS WAY BECAUSE I WAS IN HIGH SCHOOL, BUT BA THE ACTUAL BASS PRO PROPER IS ACTUALLY WAS NOT IN THE TIFF.
IT IS NOW IN THE EXPANSION, BUT IT WAS NOT PUT INTO THE TIF.
THE, SO WHAT YOU'RE SEEING IN BASS PRO DRIVE IS THE OWNER OF THAT DEVELOPMENT HAT ALSO OWNED.
THERE USED TO BE A WHATABURGER AND THINK OF THE, UH, THE, THE HOOTERS THAT'S OUT THERE IN THE RESTAURANTS AROUND THERE.
THAT'S WHAT'S THE SMALL LITTLE ITEMS FALL THAT SHOPPING.
BEAR WITH ME ONE MINUTE, I'LL GET THE MAP MOVED OVER FROM, FROM ONE SIDE.
SO THIS IS, UM, SORRY, THIS IS INCLUSIVE OR NOT INCLUSIVE OF THE EXPANSION.
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INCLUSIVE OF THE EXPANSION BECAUSE I RAN THIS OFF OF INCREMENTAL VALUES.SO WE HAVE NO INCREMENTAL VALUES WITH THAT.
BUT THE PLAN IS IN THE GIS MAP IS FOR YOU TO JUST BE ABLE TO HIT OKAY.
AND UM, SO TELL ME IF Y'ALL WANT ANYTHING ELSE, BUT MY THOUGHTS WERE WHAT IS THE ACTUAL VALUE OF THE PROPERTY? WHAT'S THE INCREMENTAL VALUE? WHAT YEAR DID IT, UH, COME IN THE TIFF IF IT WAS NEW CONSTRUCTION? SO WE CAN, IF THERE'S ANYTHING ELSE YOU WOULD WANT TO SEE, NOW'S THE TIME.
'CAUSE TO GET IN THE GISQ, THEY'RE BUSY.
SO THE, THE INCREMENTAL, THE, THE TAX VALUE AS OF THE, AS OF 2026 OR 2027, BECAUSE YOU SAID IT STARTS NEXT YEAR OR IS IT THIS YEAR? IT BE 20, IT WOULD BEGIN ACCUMULATED IN 26.
SO THAT'S GONNA BE THE, THE BASE TAX VALUE AND THEN THE INCREMENTAL VALUE GOING FORWARD AND WITH THE, WITH THE TAX YEAR.
AND THEN THE, THE DIFFERENCE IN WHAT'S, ARE YOU GONNA BE ABLE TO SPLIT THAT? YES.
INCREMENTAL VALUE THAT BETWEEN THE 50% OR WILL WE HAVE JUST DO THAT IN OUR HEAD? 50% OUT.
OH, FOR THE YEAH, THE PART THAT GOES TO THE TAX.
UM, TAXING GOVERNMENT TAXING ENTITY.
SO HOW DCA WILL REPORT IT TO US.
SO YOU'LL BEGIN TO SEE INCREMENTAL VALUE WITH THE 2020 MM-HMM
SO FOR ANY, ANY, ANY PROPERTIES IN THIS BLUE, WHICH IS OUR EXPANSION, IT'LL BE SEGREGATED FROM THE RED, WHICH IS OUR ORIGINAL BOUNDARY.
WHERE THE BASE YEAR IS THE 2005 VERSUS THE 2025.
AND DCA WILL REPORT THE, NOT ONLY THE BASE VALUE, BUT ANY NEW CONSTRUCTION, ANY INCREMENTAL VALUE FOR THOSE AREAS SEPARATE.
BUT FOR OUR REVENUE PURPOSES, WE'LL TAKE THE SUM OF THE INCREMENTAL VALUE FOR THE ORIGINAL BOUNDARY PLUS THIS, YOU KNOW, TIF TWO A ZONE AND THEN DO THE CALCULATION MATT WAS EXPLAINING UPFRONT WHERE YOU DIVIDE IT BY A HUNDRED AND THEN TIMES IT BY THE PROPERTY TAX.
AND THEN BASED ON THE PROJECT PLAN WE ASKED YOU ALL, UM, TO APPROVE AND IT IS PENDING A FUTURE CITY COUNCIL DATE.
UM, WE WOULD JUST TAKE 50% OF WHATEVER THAT ANNUAL REVENUE IS AND THAT WOULD BE THE TREND.
DOES THAT MAKE SENSE? MM-HMM
I WAS JUST WONDERING IF GIS WOULD BE ABLE TO BUILD IT INTO WHERE IT SHOWED THE, THE BREAKDOWN, THE 50 50 PART.
IF Y'ALL WANNA SEE THAT, IT WOULD JUST BE A FLAT, IT WOULD JUST BE A HALF OF THE HALF OF THE TOTAL.
YEAH, I, THAT'S WHAT I WAS SAYING.
WE EITHER DO IT IN OUR HEAD OR WE CAN SEE IT ON THE MAP WHEN WE CLICK ON IT.
WE CAN DO, AND WHEN WE SAY NEW CONSTRUCTION, JUST TO EXPLAIN DCA LANGUAGE, WHAT WE'RE TALKING ABOUT IS, SO WHAT THEY DO IS AN APPRAISED VALUE.
SO, UM, BACK TO THAT WALMART EXAMPLE, IT COULD BE A $50 MILLION VALUATION.
IF THERE WAS NEW CONSTRUCTION ALONG THE WAY.
SAY WALMART EXPANDED THEIR FOOTPRINT, THEY WOULD COUNT THAT AS NEW CONSTRUCTION.
AND THAT, THAT'S WHAT WE WANT TO SEE IN A TIF IS NEW CONSTRUCTION BECAUSE THAT'S USUALLY A LARGE VALUE.
SO LIKE THESE, I MENTIONED THESE RESIDENTIAL HOMES.
AT SOME POINT WHY I THOUGHT THE YEAR WOULD BE GOOD IS AT SOME POINT, MOST OF 'EM IN 2020 1 22, A NEW CONSTRUCTION HAPPENED IN A RESIDENTIAL HOME WAS BUILT.
SO YOU'D BE ABLE TO SEE THAT'S THE YEAR IT CAME IN AND THIS IS WHAT IT, THE NEW CONSTRUCTION WAS.
BUT THIS WAS, MAY HAVE BEEN THE OLD VALUE IF IT WAS A COMMERCIAL PROPERTY.
I BELIEVE THERE IS A QUESTION ABOUT THE HARBOR POINT PROPERTY THAT YOU CAN SEE WAS NOT INCLUDED PREVIOUSLY AND NOW IT'S, AND IN THAT GAP BETWEEN THE RED AND THE BLUE BOUNDARY OR THE BA PRO OR BASSPRO, SORRY, BASS PRO.
YES, THAT'S, THAT'S WHAT I THOUGHT I WAS SAYING.
SEND IT, BUT THE EXPANSION INCLUDED THAT.
SO THAT'S THE REASON WE GOT THE BLUE AROUND IT.
SOME OTHER QUESTIONS I'VE GOT, UH, UH, BILL, I THINK YOU ASKED THIS GOOD QUESTION.
WHY ARE WE GOING AND EXTENDING ALONG THE SHORELINE AND THAT IS ACTUALLY, UH, DALLAS PROPERTY, BUT SINCE IT'S IN OUR CITY LIMITS, WE CAN TECHNICALLY PUT IT ON OUR BOUNDARY, BUT THERE WILL NEVER BE VALUE THERE.
BUT BY PUTTING IT THERE, THERE'S, YOU KNOW, LONG-TERM PLANS FOR TRAIL CONNECTIONS.
UH, SO IT'S JUST GIVING US THAT OPPORTUNITY.
IF THE TIF BOARD WANTS TO RECOMMEND A TRAIL CONNECTION FROM UH, ROSE HILL TO SAY HARBOR POINT AT SOME POINT IN THE FUTURE, YOU COULD DO THAT.
GARLAND HAS AN INTERLOCAL AGREEMENT WITH DALLAS.
IT'S ACTUALLY DALLAS'S PROPERTY IS PART OF THE LAKE.
AND THEN GARLAND HAS INTERLOCAL AGREEMENT, UH, AS A LONG-TERM LEASE ON IT OR SOMETHING LIKE THAT.
AND THIS PART, RIGHT, THIS PART ACTUALLY HERE WILL BE VERY, THIS WILL BE A LONG TERM PROJECT BECAUSE TECHNICALLY
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THESE HOMES RIGHT HERE, THEY HAVE LEASE BACK TO.SO YOU WOULD HAVE TO GET AN OKAY SAY CAN I COME THROUGH YOUR PROPERTY FROM ALL THESE PROPERTIES? RIGHT.
SO THAT'S WHY I SAID THE LONGEST TERM.
WHAT'S THAT? YOU LEAVE THAT AREA UHHUH.
AND ONE OTHER THING WE'LL HAVE TO WORK ON HOW TO VISUALIZE IT.
'CAUSE I THINK THE ORIGINAL QUESTION ON THE MAP, IF I'M NOT MISTAKEN, IS, WAS TRYING TO FIGURE OUT AS FAR AS SECTORS, WHAT'S THE MOST VALUABLE PIECES OF THIS PROPERTY? MM-HMM.
SO I MEAN WE HAVE A, WE'VE PICKED UP THIS DART PROPERTY HERE AND JUST INTUITIVELY, I KNOW THAT THIS SECTION RIGHT HERE IS TYPICALLY ON THE LOWER END AND THEN IT GETS, UM, STARTS KIND OF MOVING THAT TO HIGHER END.
AND THIS IS THE, WHERE THE MOST OF THE VALUE IS.
BUT I, I'LL TRY TO FIGURE OUT LIKE IN A HEAT MAP OR SOMETHING TO SHOW YOU WHERE THE VALUES ARE.
WHEN THE, THE ZONING ORIGINALLY WENT IN OUT AT MASS PRO, THAT WAS ALL PART OF THE THINKING OF THE TIF DISTRICT BACK THEN BECAUSE THERE WAS GONNA BE EXPECTED NEW DEVELOPMENT QUICKER THAN IT DID.
BUT THAT, THAT WAS ALL PART OF THAT THINKING AS I RECALL.
THE, YEAH, THIS ENTIRE CORRIDOR WAS VERY SIMILAR TO DOWNTOWN.
THEY WERE ORIGINALLY SET UP WITH DART COMING AND THEY, THEY'RE, THEY WERE TRANSPORTATION CORRIDOR.
SO THE THOUGHT HERE WAS, UH, YOU'D START AT BASS PRO AND GET, 'CAUSE THAT'S THE MOST VALUABLE PIECE OF PROPERTY HERE, BUT YOU WOULD HAVE ALL THIS CONNECTIVITY TO DART STATION HERE.
WELL THAT HASN'T PERFORMED AS INTENDED.
BUT THE D UH, THE DOWNTOWN IS VERY SIMILAR.
IF YOU EVER LOOKED AT A MAP OF DOWNTOWN, IT FOLLOWS THE DART RAIL OVER TO THE FOREST JUPITER AREA AND HAS, UH, DOWNTOWN WITH IT.
IT WAS THE SAME KIND OF CONCEPT.
THEY WERE, THEY WERE MADE AT KIND OF THE SAME TIME TO BE TRANSIT ORIENTED CORRIDORS TO ATTRACT ECONOMIC DEVELOPMENT QUESTIONS ON THE MAP.
BEFORE I PUT IT BACK TO OUR OTHER POWERPOINT AWAY.
SO ONCE WE HAVE THE GIS MAP READY AND DEVELOPED, THEN WE'LL WE'LL SHARE THAT LINK WITH YOU ALL AND BRING IT AT A FUTURE MEETING.
SO THIS SLIDE IS NOT NECESSARILY NEW INFORMATION JUST TO GIVE YOU ALL AN UPDATE.
UM, YOU KNOW, WE GOT YOUR, THE BOARD'S APPROVAL TO MOVE FORWARD WITH THE, UH, PRO UH, PROJECT PLAN.
SO THAT WILL BE GOING BACK TO CITY COUNCIL.
UM, I'LL HAVE THE KIND OF THE SEQUENCE OF WHERE WE'RE AT IN THAT APPROVAL PROCESS AT THE VERY END OF THIS PRESENTATION.
BUT, UM, IT'LL BE SCHEDULED FOR THE SECOND MEETING IN FEBRUARY.
AND THEN WE, THE CITY IS ABOUT TO START ITS BUDGET PROCESS FOR FY 27.
SO AT ONE OF OUR FUTURE MEETINGS, WE'LL UM, WALK YOU ALL THROUGH SOME OF THE BUDGET PROCESS, YOU KNOW, PREPARATION, ANY PROPOSALS WE HAVE FOR THE USE OF THE TIFF AND, AND WHAT THAT REVENUE OUTLOOK LOOKS LIKE.
SO I JUST WANTED TO PUT THAT KIND OF PLANT, THAT SEED THAT, UM, WE'RE KIND OF RE-ENGAGING THIS TIFF WITH THE EXPANSION MID-YEAR, MID-BUDGET CYCLE.
SO WE'LL UH, HAVE A FULL BUDGET CYCLE TO GO THROUGH AND START PREPARING FOR, UM, FOR THAT ADOPTION IN AUGUST.
THERE WERE SOME QUESTIONS ABOUT, UM, SOME PROJECTS IN THIS AREA IN TERMS OF CAPITAL PLANS AS WELL AS UM, OUR 2025 BOND PROGRAM.
UM, SO CITY COUNCIL'S IN DISCUSSION WITH OUR PROPOSED CIP AND AT THIS TIME THERE IS NO, UH, REQUEST, UM, BACK TO THE TIF TWO BOARD TO COVER ANY COSTS ASSOCIATED WITH THESE PROJECTS OR PARTICIPATE IN THESE PROJECTS.
UM, BUT IT IS SOMETHING THAT IN THE FUTURE, NOT NECESSARILY SAYING THESE PROJECTS, BUT MAYBE OTHER CAPITAL PROJECTS OR OPPORTUNITIES THAT, UM, COME UP THROUGH THE CIP PROCESS OR BUDGET PROCESS, UM, MAY BE OPPORTUNITIES TO USE THAT OTHER 50%, UM, TO REINVEST IN THE AREA.
SO THIS FIRST ONE YOU HAVE UP HERE ON THE SCREEN AND IN FRONT OF YOU IS THE, THE HARBOR POINT PROJECT.
AND I'VE NOTED FROM OUR LAST MEETING THAT YOU ALL WOULD LIKE FOR US TO GET MAYBE THE PROJECT MANAGEMENT OFFICE TO COME PRESENT ON THIS.
UM, THEY'RE JUST NOW KIND OF ENGAGING THE DESIGN FIRM.
SO I'LL TRY TO TALK WITH THEM ON WHEN IT WOULD BE A MEANINGFUL TIME TO COME TO YOU ALL.
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NOT JUST SHOWING YOU THIS SLIDE YOU HAVE IN FRONT OF YOU.THEY CAN MAYBE BRING SOME PRELIMINARY DESIGNS OR TALK ABOUT, UM, THEIR GOALS FOR THE AREA.
UM, THERE WILL BE, UM, PUBLIC ENGAGEMENT ASSOCIATED WITH THIS AS WELL.
SO WE'LL MAKE SURE THAT INFORMATION SHARED BACK TO THE TIF BOARD.
UM, YOU ALL WILL LIKELY WANNA BE INVOLVED IN THAT.
UM, GIVEN YOUR INTERESTS IN THE AREA.
UM, SO THIS PROJECT WAS APPROVED THROUGH THE 2025 BOND PROGRAM AS REALLY, UH, IN INTENDED TO CATALYZE THAT AREA.
UM, AND THERE'S A WHOLE BUNCH OF DIFFERENT IDEAS, BUT UM, THEY'RE REALLY MOVING FORWARD, UM, WITH KIND OF THE PEER AND HAVING THAT INTEGRATIVE, UH, BOARDWALK KIND OF YOU CAN DOCK, COME DOCK AND THEN VISIT ALL THE BUSINESS AREAS AND HAVE THAT INTERACTION WITH THE LAKE AND THE BUSINESSES OR RETAIL OR WHATEVER DEVELOPMENT HAPPENS IN THE AREA.
SO IT IS EARLY DAYS ON THIS PROJECT, BUT WANTED TO BRING THE, THE PROJECT SHEET IN FRONT OF YOU THAT, UM, AND, AND KIND OF THE PLANNED SPEND AND EXECUTION OVER THIS PROJECT OVER THE COMING YEARS.
NEXT IS A, UH, PROJECT, UM, THAT'S ALSO WITHIN THE SMITH AREA IS OUR JOHN PAUL JONES PARK IMPROVEMENTS.
I THINK THIS ONE WAS ALSO MENTIONED.
THIS, THIS IS A PROJECT THAT'S ALREADY IN FLIGHT.
UM, BUT UH, THEY ARE, UH, WORKING ON SOME PARK IMPROVEMENTS AND IMPROVEMENTS TO THAT BOAT RAMP.
UM, IF THERE IS INTEREST I COULD SEE ABOUT GETTING THE PARKS DEPARTMENT WHO'S MANAGING THIS PROJECT TO COME AT A FUTURE MEETING.
UM, BUT IT IS IMPROVEMENTS INTENDED TO CONNECT WITH THE OVERALL ZONE IN THE AREA.
THIS IS ANOTHER ONE WHERE THERE'S NO TIF FUNDING REQUESTS.
THIS IS A TWO, MAINLY A 2019 BOND FUND THAT, UH, ALSO HAS SOME TEXAS PARK AND WILDLIFE GRANTS ASSOCIATED WITH IT.
AND IT'S JUST FINISHING UP AND IT'S UH, THE CONSTRUCTION I BELIEVE IS SET TO END IN ORDER TWO OF 2027.
YOU KNOW, IT DOES THIS IMPACT THE VALUATIONS IN THE TIFF? NO.
DOES IT, DOES IT BECAUSE IT'S CITY OWNED PROPERTY.
BUT IT IS THERE, I MEAN A PARK, YOU KNOW, THE ARGUMENT CAN BE MADE THAT A PARK IS THERE TO ATTRACT PEOPLE TO WANT TO COME TO THAT AREA.
SO THIS IS A LITTLE BACKGROUND JUST BECAUSE I'VE BEEN OUT THERE FOR 40 YEARS.
UM, EROSION WAS TERRIBLE ALONG THAT SOUTH SIDE FROM THE NORTH WIND COMING IN TWO TO FOUR FEET A YEAR ERODING.
UH, THE CITY PUT UP THAT, UH, RETAINING WALL AT A, A HIGH EXPENSE.
AND, AND THAT CLEARLY INCREASED THE VALUE, THE PARK 'CAUSE THERE WAS A COST ASSOCIATED NOW THAT PROBABLY HAD SOME ASSISTANCE AND FUNDING TO DO THAT.
BUT, UH, THERE IS, I MEAN, THAT'S AN ASSET IS THE WAY I WOULD LOOK AT IT.
AND SO IT INCREASES THE VALUE, BUT IT DOESN'T INCREASE IT FROM A, A DEVELOPMENT STANDPOINT.
BUT, UM, UH, THERE'S A LONG STORY BEHIND THAT.
I, I WON'T GO INTO IT TONIGHT, BUT IT'S WORTH LISTENING TO OVER A BEER OR SOMETHING.
SO GENERALLY THAT'S WHERE THE TEXAS PARK AND WILDLIFE FUNDS COME IN, THINGS LIKE THAT FOR EROSION CONTROL AND, UH, AND FOR, YOU KNOW, SECURING TO MAKE SURE THAT THAT DOESN'T CONTINUE.
SO QUESTION ABOUT THIS PARTICULAR PROJECT I SEE THERE, IT SAYS 2.48 MILLION IS UNFUNDED, BUT SO WHAT NEEDS TO HAPPEN TO, 'CAUSE IT'S THE TOTAL OF PROJECT IS FIVE NINE, BUT 2.4 IS UNFUNDED.
SO HOW WASN'T IT APPROVED IN THE BOND? BUT THERE'S STILL, THERE'S STILL ANOTHER PART OF THE ALLOCATION PROCESS THAT NEEDS TO HAPPEN TO GET IT FUNDED.
AND THAT'S SOME TERMINOLOGY OKAY.
THAT WE USE DURING THE BUDGETING PROCESS.
SO AS PART OF THE CAPITAL IMPROVEMENT PROGRAM MM-HMM
WE'RE FUNDING, WE'RE FUNDING OUR, OUR PROJECTED SPEND ON AN ANNUAL BASIS.
PRIMARILY BECAUSE WE'RE ISSUING DEBT.
I MEAN WE DO HAVE SOME OTHER SOURCES ON THIS, BUT WE'RE ISSUING DEBT, UM, AND WE'RE NOT WANTING TO ISSUE DEBT FASTER THAN WE'RE ANTICIPATING TO SPEND IT.
'CAUSE THEN YOU'RE STARTING TO PAY PRINCIPAL AND INTEREST ON BEFOREHAND NEW YEAR FIRST.
SO REALLY WHAT THAT TWO POINT, ALMOST 2.5 MILLION IS, IS WE HAVE IN OUR DEBT MODELING TO ISSUE WHAT WE CALL CERTIFICATES OF OBLIGATION.
IT'S JUST ANOTHER DEBT INSTRUMENT THAT CAN BE ISSUED AND APPROVED AT THE AUTHORIZATION OF THE CITY COUNCIL.
UM, AND WE ARE PLANNING TO DO THAT IN A FUTURE YEAR.
SO IT IS SHOWING AS UNFUNDED, BUT IT WAS NOT NECESSARY FOR AN S ISSUE RIGHT NOW.
SO THAT'S WHY THAT'S A SHORT TERM FUNDING INSTRUMENT TO FILL IN THE GAP UNTIL YOU, YOU'RE READY TO GO TO THE NEXT LEVEL.
IS THAT CORRECT? NOT FOR CERTIFICATES OF OBLIGATION.
[00:30:01]
YOUR COMMERCIAL PAPER IS OKAY.UH, A SHORT TERM INSTRUMENT WE WERE USING TO KIND OF MAKE OUR OVERALL DEBT SERVICE, YOU KNOW, HOW MUCH WE HAVE AN ACTIVE PRINCIPAL AND INTEREST UNTIL WE WERE READY TO KIND OF ACCUMULATE A LARGER GENERAL OBLIGATION BOND ISSUANCE.
UM, WE HAVE GENERAL OBLIGATION BONDS FROM THE 2004 AND THE 2019 BOND PROGRAMS ON THIS PROJECT.
UM, THE TIMING OF THIS PROJECT, UM, IT WAS KIND OF GOING THROUGH DESIGN AND KIND OF CONCEPTION FOLLOWING 2019 IN THE EARLY 2020S, IF YOU RECALL WHAT WAS HAPPENING AROUND THAT TIME.
WE HAD THE PANDEMIC AND THEN IN, UH, VERY HIGH INFLATION FOLLOWING THAT PERIOD.
SO ALMOST ALL OF OUR 2019 BOND PROJECTS, UH, DOUBLED IN PRICE.
UM, DEPENDING ON WHERE THEY WERE AT IN THE DESIGN EXECUTION OR THE BID PROCESS.
I WON'T, MAYBE A LITTLE EXCESSIVE, BUT SOME OF THE LARGER PROJECTS DOUBLED IN PRICE.
IT JUST REALLY DEPEND ON WHAT YOU WERE DOING.
UM, BUT THAT BOND PRO PROGRAM, YOU KNOW, IT WAS A $423.7 MILLION BOND PROGRAM.
I THINK BY THE TIME WE'RE DONE WITH IT, WE WILL HAVE INVESTED ALMOST 600 TO 700 MILLION INTO GETTING THOSE PROJECTS ON THE GROUND.
NOT ALL OF THAT'S DEBT FINANCE.
WE HAD SECURED, UM, UMER, YOU KNOW, ARPA FUNDS FROM THE CORONAVIRUS AS WELL.
AND THEN WE, YOU CAN SEE GRANT FUNDING HERE.
BUT WE, WE DID SEE SUBSTANTIAL COST INCREASES FROM 2019 TO ROUGHLY 2024 ISH.
SO, SO WE ARE LEVERAGING, UM, CERTIFICATES OF OBLIGATION, UM, WHICH CAN BE ISSUED ON, YOU KNOW, BASED ON THE USEFUL AS USEFUL LIFE OF THE ASSET.
SO FOR THIS, I, I WOULD ASSUME WE'RE ISSUING PROBABLY A 10 TO 15 YEAR BASED ON THE OUTDOOR USE OF THE PARK, UM, CERTIFICATES OF OBLIGATION.
AND IT'S ESSENTIALLY, IT'S VERY SIMILAR TO WHAT YOU THINK OF A GENERAL OBLIGATION BOND, EXCEPT THE AUTHORIZATION LIES WITH YOUR CITY COUNCIL INSTEAD OF YOUR VOTER APPROVAL THROUGH THE BOND ORDINANCE.
AND THAT'S WHY, UH, CERTIFICATE OBLIGATION BASED ON STATE LAW CAN ONLY BE USED FOR CERTAIN TYPES OF USES.
BUT THIS PROJECT MET THAT USE.
SO WE WERE ABLE TO FILL IN THAT GAP SO THAT WE DID NOT HAVE TO REDUCE SCOPE ON DELIVERING THIS PROJECT.
IN SHORT, TYPICALLY WHAT WE DO IS, UH, YOU, WHEN YOU SEE A GEO THAT'S A BOND VOTER APPROVED AND WE USUALLY GO TO VOTERS FOR NEW THINGS THAT, SO WE PROBABLY WENT FORWARD IN 19.
SO WE WOULD LIKE TO BUILD JOHN PAUL JONES.
DO Y'ALL AGREE? Y'ALL AGREE? WE TYPICALLY USE COS FOR, UH, SAY THERE'S A REPLACEMENT OF A FIRE APPARATUS THAT WE HAVE TO DO BECAUSE IT'S, IT'S OUT PASSED.
OR IF WE HAVE COST OVERRUNS LIKE THIS TO ENSURE THAT WE GET THE PROJECT DONE AT THE SCOPE THAT WAS ORIGINALLY VOTED ON.
WE USE CERTIFICATES OF OBLIGATION.
SO REALLY WRAPPING UP IN TERMS OF OUR KIND OF FORMAL PRESENTATION.
JUST WANTED TO BRIEF YOU ON THE NEXT STEP.
SO IN DECEMBER YOU GAVE US THE, THE THUMBS UP, UM, MOVING FORWARD WITH THE AMENDED PROJECT PLAN.
UM, WE'RE WORKING ON GETTING THE FINAL DRAFT OF THAT, UH, WITH KIND OF THE CORRECTIONS WE POINTED OUT AND HAD YOU VOTE ON THE LAST MEETING CREATED, WE'LL DISTRIBUTE THAT VIA EMAIL.
UM, AND WE'LL TAKE THAT FOR CONSIDERATION IN THE FEBRUARY MEETINGS TO GET COUNCIL'S FORMAL APPROVAL.
KINDA THE LAST PLACE WE'RE WAITING ON THAT IS THAT ORDINANCE, WHICH IS WE, WE JUST GOT BACK FROM OUR CONSULTANT FRIEND AND UH, WE JUST NEED TO HAVE THE CITY ATTORNEYS REVIEW IT.
WITH THAT, I'LL, I'LL TAKE ANY QUESTIONS OR FURTHER DISCUSSION.
I MAKE A MOTION TO ADJO THE MEETING.
I SECOND WE DO HAVE ONE MORE ITEM, THE FUTURE AGENDA ITEMS AND IF, IF ANYONE ELSE.
SO I THINK SO FAR WHAT WE CAPTURED IS, UH, THE GIS MAP AND WHAT Y'ALL ARE LOOKING AT THERE.
AND, BUT ANY OTHER, WE ALWAYS WANT TO GIVE Y'ALL THE OPPORTUNITY TO, YOU KNOW, TELL US TO RESEARCH SOMETHING OR COME BACK WITH A ADDITIONAL PRESENTATION.
SO DEFINITELY A FUTURE IS TALK TO THE, UH, WHOEVER'S DOING THE PLANNING MM-HMM
ON THE, UM, YOU KNOW, THE $30 MILLION PROJECT AT THE BOARDWALK AND SO FORTH.
SO WHAT DO WE HAVE TO THINK? WE BRING INDUSTRIES TO GARLAND, YOU KNOW, SO NUMBER TWO, WHAT ARE THINGS WE CAN DO, UH, TO COMMUNICATE PUBLIC, YOU KNOW, BOARD MEMBERS.
YOU KNOW, I ENCOURAGE ONE OF THE, UM, ARTISTS FROM CHICAGO
[00:35:02]
STARTED A PROJECT HERE I EVERY ACRE LAND IN, BUT NOW THEY'RE BUILDING, UH, THE MULTI STORY 70 I ENG ENGAGED THEM AND CITY WAS VERY COOPERATIVE AND NOW THEY'RE BUILDING 70 UNITS.YOU KNOW, SO WE GETTING TAXING REVENUE, RIGHT? SO, SO SIMILARLY IN THAT AREA, HOW CAN WE ATTRACT PEOPLE? I, THERE THAT'S THAT'S MY POINT T YEAH.
TYPICALLY THE, UH, ECONOMIC DEVELOPMENT STAFF IN CONJUNCTION WITH US AND THE CITY MANAGEMENT'S OFFICE, W WE HANDLE THAT AND, AND BRING IT BACK TO CITY COUNCIL.
BUT YOU'VE ACTUALLY MADE ME START THINKING OF OTHER THINGS FOR OUR GIS MAP.
OTHER THINGS THAT YOU MIGHT MIGHT FIND INTERESTING IS WHERE'S VACANT PROPERTY WITHIN THIS LOCATED, UH, WHERE'S LAND OWNED BY THE CITY? WHERE'S LAND OWNED BY THE SCHOOL DISTRICT? SO WE CAN LAYER THAT ON TOO.
'CAUSE THAT WILL HELP YOU INFORM WHAT'S GOING ON IN THIS AREA.
SO IF YOU DO HAVE CONTACTS, TRUST ME, WE WANT ALL, ALL, ALL THE HELP WE CAN GET.
AND YOU SEE SOME PIECE OF LAND AND YOU'RE IN A CONVERSATION WITH SOMEBODY THAT'S LOOKING FOR 15 ACRES OFF 30.
YOU CAN JUST SAY THERE'S SOME RIGHT THERE.
FOR PEOPLE TO COME AND TAKE A LOOK AT IT AND UH, DO INVESTMENTS.
YOU KNOW, SO WHAT WE CAN DO IS WE LEASE THE PROPERTY FOR CERTAIN YEARS, RIGHT? LEASE IT LEASING THIS PROPERTY FOR THE I TO BUILD SOMETHING AND DO SOMETHING.
OR, UH, THAT WOULD, THAT COULD BE, SO Y'ALL'S PRIMARY RESPONSIBILITY IS JUST PUTTING PROJECTS IN A PROJECT PLAN.
UH, BUT THAT, UH, HOW THAT COULD COME FORWARD IS, IS YOU COULD SAY, I, I HAVE AN IDEA FOR THIS AREA.
I KNOW OF A DEVELOPER, UH, WE VET IT, UM, THEN IT WOULD GO THROUGH COUNCIL AND COUNCIL WOULD ULTIMATELY MAKE THE DECISION ON IF WE'RE LEASING THAT PROPERTY.
'CAUSE OTHER GOVERNMENT, UH, THEY DO THAT, YOU KNOW, THEY, THEY LEASED PROPERTY FOR LONG TIME, LIKE 30, 50 YEARS.
AND YOU, THIS IS A SILLY REQUEST, BUT WHEN YOU HAND OUT STUFF, WOULD YOU THREE HOLE PUNCH IT FOR US? IT WILL.
LIKE YOU DID THE PRESENTATION.
WE'LL TAKE FAULT IN THIS THIS TIME 'CAUSE WE WERE SCRAMBLING TO GET US, I NO, NO, IT'S THE WINTER STORM.
NOT A COMPLAINT, IT'S A SUGGESTION.
I WAS LIKE, IF THERE ARE THREE HOLE PUNCH SOMEWHERE,
I SAW SOMETHING, I READ SOMETHING TODAY THAT WAS INTERESTING AND I WAS LIKE, HOW WOULD THAT FIT IN THIS AREA? UM, CONSIDERING WHERE IT'S AT ON THE LAKE, THE IDEA OF THE BOARDWALK, UM, BRINGING THINGS, I'M LIKE, THAT WOULD BE COOL.
UM, THEY'RE PUTTING A, AND I DON'T WANT TO GIVE IT AWAY BECAUSE YOU KNOW, YEAH, I DON'T
YOU CAN EITHER REACH OUT TO YAKO SCHUSTER AT THE ECONOMIC DEVELOPMENT TO MAKE IT, BUT TO MAKE IT EASY, YOU CAN REACH OUT TO US AND WE CAN COPY, COPY YOU AT TO YAKO AND THE ECONOMIC DEVELOPMENT TEAM.
AND THEN, UH, OBVIOUSLY AT SOME POINT THERE MAY BE SOME, UM, NE AND WHEN WE'RE IN, IF WE'RE IN NEGOTIATIONS WITH THEM, WE'LL GO QUIET.
BUT WE'LL TELL YOU THAT HEY, HEY, WE'RE GOING QUIET BECAUSE WE'RE NEGOTIATING.
RIGHT? AND THAT'S KIND OF WHY I'M, THAT'S LIKE, I DON'T WANT TO GIVE TOO MUCH AWAY, BUT YOU KNOW, I'M LIKE, THAT'S KIND OF COOL CONSIDERING THE LOCATION, THE, THE PROXIMITY TO THE METROPLEX THINGS OF THAT.
I THINK THAT IT'S DONE WELL WHERE IT'S AT.
I THINK IT'S GONNA DO WELL WHERE IT'S GOING.
AND I THINK THAT IT COULD DO WELL HERE.
WELL WE WOULD BE HAPPY TO HEAR IT.
SO I, IF, IF WHICHEVER ONE YOU'RE MORE COMFORTABLE WITH, YOU CAN EMAIL EITHER ONE OF US.
'CAUSE WE WORK HAND IN HAND WITH ED, SO.
AND ULTIMATELY THEY CAN'T DO ANYTHING WITHOUT OUR MONEY.
SO
UM, I THINK I WAS GOING BACK TO LIKE THE MAP OVERLAYS IS THERE AND I DON'T KNOW IF YOU CAN, IS THERE A WAY TO FIND OUT LIKE DE DEPRESSED AND FORECLOSED PROPERTIES ALONG THAT CORRIDOR INSIDE OF OUR TIFF? YES.
I WAS JUST LOOKING AT THAT THE OTHER DAY.
I WAS GONNA ASK ABOUT CITY OWNED PROPERTIES AND THINGS LIKE THAT.
SO THAT'S, YOU ARE, YOU JUST ADDRESSED THAT SO THAT'S AWESOME.
WELL Y'ALL ARE JOGGING MY MEMORY OR MAKING IT EASY.
SO WE'RE GONNA HAVE THIS AS THE NEXT MEETING.
[00:40:01]
JUST LAYERED SOME EXTRA WORK ON 'EM, BUT WE'LL, WE'LL SEND OUT AN EMAIL WITH AN ESTIMATED COMPLETION DATE AND EVEN IF IT'S JUST A PARTIAL MAP, WE'LL GO AHEAD AND SEND IT OUT.HEY, THEY'RE STILL WORKING ON IT BUT HERE'S WHAT WE GOT SO FAR SO Y'ALL CAN TAKE A LOOK AT IT.
SO I HAVE ANOTHER QUESTION OR REQUEST.
UM, KIND OF LIKE WHAT UH, EMS THING HAS.
THEY HAVE AN OA ONEDRIVE SET UP FOR ALL THE DOCUMENTS FOR THEIR COMMITTEE.
IS THERE ANY WAY THAT WE CAN DO A ONEDRIVE THAT INCLUDES, THAT'S DOCUMENTS OF A GREAT IDEA OF THIS AND THAT WAY WE CAN SIGN INTO THE ONEDRIVE, WE CAN REVIEW THE DOCUMENTS EITHER ON OUR COMPUTERS, ON OUR PHONES, JUST SAY, HEY, I'VE GOT A QUESTION ON THAT.
SOMETHING LIKE THAT'S GREAT BECAUSE I DON'T ALWAYS CARRY MY BINDER WITH ME.
YEAH, I OBVIOUSLY FORGOT MY BINDER SO I WOULD AGREE WITH THAT.
AND I KNOW SOME UH, MAY NOT UNDERSTAND WHAT THAT IS, HOW TO USE THE ONEDRIVE.
JUST UH, EITHER REACH OUT TO US IF YOU CAN'T LOG IN AND WE'LL FIGURE IT OUT.
'CAUSE SOMETIMES DEPENDING ON YOUR DEVICE AND OUR FIREWALLS AND THINGS, IT'S AN, WELL GUYS ARE NOT TECHNOL TECHNOLOGICALLY SAVVY.
THEY DID THAT FOR THE FIRE EMS. YEAH, WELL I'VE NEVER GOT REACHED, I NEVER GOT REACHED OUT TO, BUT I TRIED IT AGAIN AND I WAS LIKE, OH I CAN GET IN NOW
SO THEY DID SOMETHING WITH UH, MY EMAIL ADDRESS OR SOMETHING.
OKAY, ANYTHING ELSE? WE HAVE A MOTION TO TURN? SECOND.
ANY DISCUSSION? ALL THOSE IN FAVOR? AYE.
TIME IS 7:11 PM THANK YOU Y'ALL.