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MEETING OF TIF THREE TO ORDER.FIRST ITEM ON THE AGENDA TONIGHT IS CONSIDER THE APPROVAL OF THE MINUTES FROM APRIL 22ND, 2026.
I SECOND MR. NICK GIVES US OUR MOTION.
ALL RIGHT, HERE'S THE BIG ONE.
ALL RIGHT, WE'LL MOVE ON TO OUR NEXT AGENDA ITEM, ITEM THREE, A STATUS UPDATE ON ACTION ITEMS. I KNOW WHO GETS TO DO THAT.
I'M THE CITY'S CHIEF FINANCIAL OFFICER, AND I'LL BE WALKING US THROUGH MOST OF THE ITEMS WE HAVE HERE TONIGHT.
UM, STARTING WITH OUR ACTION ITEMS. AND YOU SHOULD HAVE THIS HANDOUT IN FRONT OF YOU.
AND IT'S ALSO IN THE TEAMS CHANNEL AS WELL THAT WE HAVE SET UP.
SO IF YOU LIKE ELECTRONIC, IT'S, IT'S AVAILABLE OUT THERE FOR YOU.
SO JUST TO ALWAYS START OFF WITH OUR MAP, WE'RE THE, THE RED LINE, A VERY EXTENDED BOUNDARY HERE WITH THAT ORIGINAL BOUNDARY CIRCLED.
SO JUST TO REMIND EVERYONE OF OUR ZONE AND UM, YOU KNOW, THAT ORIGINAL AREA SPECIFICALLY AROUND THE MEDICAL DISTRICT AS WELL AS THE EXTENSIONS NORTH AND SOUTH FOR THAT SYNERGY.
SO, MOVING IN SPECIFICALLY TO THREE, A STATUS UPDATE ON ACTION ITEMS FROM THE LAST MEETING.
THIS FIRST ONE'S PROBABLY ON ME.
I WAS LOOKING AT MY NOTES AND I SAW WE HAD DISCUSSED A DATE FOR OCTOBER MEETING, BUT I COULD NOT FIND WHICH DATE, WHICH WOULD BE OUR THIRD QUARTER MEETING.
IT DOES, IT DOESN'T HAVE TO BE IN OCTOBER.
SO WE DO HAVE THE OCT OCTOBER 14TH DATE, OR WE COULD LOOK INTO NOVEMBER FOR A DATE.
PATRICK WAS GONNA SEE IF YOU WERE GONNA BE TRAVELING OR NOT FOR YOUR DAUGHTER'S BIRTHDAY.
I'M NOT GONNA BE TRAVELING IN OCTOBER.
THAT IS HER BIRTHDAY, SO I'M GOOD.
YEAH, SHE'S COMING IN NOVEMBER, SO YEAH, OCTOBER 14TH SOUNDS PRETTY GOOD.
YEAH, I THINK THAT'S A GOOD DATE.
AND THEN LOOKING INTO DECEMBER.
WE DON'T HAVE TO, WE CAN DECIDE ON OCTOBER MEETING, BUT JUST WANTED TO PUT THAT OUT THERE.
WE WANTED TO GET IT ON THE BOOKS WITH THE HOLIDAYS.
I WOULD, I WAS GONNA SAY, I WOULD PUT THAT, PUT A COUPLE OF DATES ON THE MAP.
IT'D BE DECEMBER OR FOURTH QUARTER.
WHENEVER THE ROOM'S AVAILABLE BE.
AND IF EVERYONE'S TRAVELING IN DECEMBER, WE COULD ALWAYS LOOK AT A JANUARY MEETING IF NEEDED.
DO YOU WANNA VISIT THAT 20 ONWARD? YEAH, I WAS GONNA SAY THE 20TH ON IS PRETTY MUCH GONNA BE GONE FOR EVERYBODY EVEN HERE, SO.
WE'D MAYBE TRY TO, UH, WE COULD LOOK AT A CALENDAR AVAILABILITY OR ROOM AVAILABILITY FOR THE WEEK OF THE 14TH.
SNEAK, KINDA SNEAK IN RIGHT BEFORE OF DECEMBER.
I'M OPEN THAT WE COULD ALSO PROVIDE SOME JANUARY DATES AND BRING THAT BACK AT THE OCTOBER MEETING FOR, OR YOU CAN PUT IT IN TEAMS OR, YEAH.
WEATHER WISE, DECEMBER'S PROBABLY BETTER.
I DON'T WANNA BE EVERY JANUARY EVERYBODY WEARS.
ESPECIALLY ON WEDNESDAYS IS PRETTY GOOD.
WHAT ABOUT 16TH? WHAT ABOUT 16TH? THE WEDNESDAY.
WEDNESDAY THE 16TH THEY BEAT US.
WHAT ABOUT THE 17TH? THE 17TH.
I DON'T PLANNING TO BE OUT OF TOWN.
17TH AND 18TH, BUT IF YOU HAVE TO HAVE IT OR WE COULD HOP UP A WEEK.
I WAS GONNA SAY WE CAN, WORKS FOR ME THE 10TH.
EVERYBODY, WE CAN'T DO THE NINTH, BUT WE CAN DO THE, WHAT IS THE NINTH? WHO, WHO'S YEAH.
WHO BEAT US? WHO'S MORE, WHO'S MORE IMPORTANT? LET'S JUST DO THE 10TH.
FEEL LIKE I HAVE A BIRTHDAY THAT DAY AND I'M JUST KIDDING.
I'M JUST MAKING SURE I'M, MIGHT BE ON A CRUISE.
WE'LL PENCIL IT DOWN AND WE'LL CONFIRM IN OCTOBER, BUT WE'LL GET, AT LEAST GET ON THE, OKAY.
I PUT TWO QUESTION MARKS BY THAT ONE.
AND THEN THE NEXT ONE IS, UM, JUST AN UPDATE.
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UM, LAST TIME WE DISCUSSED GETTING ACCESS TO THE MEDICAL DISTRICT STREETSCAPE PLAN THAT HAS BEEN PROVIDED IN THE TEAMS CHANNEL.UM, THERE IS, AS WE DISCUSSED LAST TIME, A CIP PROJECT RELATED TO THAT.
UH, THERE, IT'S BEEN ON HOLD PENDING SOME JUST KIND OF DEVELOPMENT ACTIVITY IN THE MEDICAL DISTRICT AREA.
BUT I'LL WORK WITH OUR ECONOMIC DEVELOPMENT DEPARTMENT TO GET THAT SCHEDULED FOR A FUTURE MEETING TO PROVIDE AN UPDATE TO YOU ALL.
AND ANDY IS HERE IF WE WANNA REALLY PIN HIM DOWN FOR QUESTIONS.
'CAUSE THAT IS CAN BE DISCUSSED UNDER OUR, UM, ITEM FOUR C IN JUST TERMS OF FUTURE OPPORTUNITIES WITHIN THE OVERALL TIF ZONE AND HOW IT RELATES TO OUR FINANCIAL MODEL.
THAT'S ALL I HAVE ON ITEM THREE A.
ANY QUESTIONS ON THREE A? WE HAVE DECEMBER 10TH, OCTOBER 14TH.
WE'RE GONNA WAIT FOR MORE UPDATES ON MEDICAL DISTRICT STREET SCAPE.
PROPOSED BUDGET FOR TIF THREE.
I'LL FIND A WAY TO GET OFF THE HOOK.
I JUST GOT ONE SO I'M DUE FOR, I'M NOT DUE FOR A WHILE.
UM, BUT SO WE HAVE OUR ANNUAL OPERATING BUDGET.
UM, I HAVE THE CALENDAR UP HERE JUST AT THE FUTURE LOOKING DATES IN CASE ANYONE'S INTERESTED.
THE PROPOSED BUDGET WAS PRESENTED TO COUNCIL ON JULY 6TH.
THIS IS A MONTH EARLIER THAN USUAL BECAUSE WE ARE PURSUING GOING TO THE VOTERS, UM, FOR A TAX RATE ELECTION.
UM, AND I WON'T GET INTO IT IN FULL DEPTH HERE.
UM, BUT THE PROPOSAL ESSENTIALLY IS TO REDUCE THE TAX RATE BY 1 CENT OVERALL, BUT SHIFT APPROXIMATELY 3 CENTS FROM THE DEBT SERVICE PORTION OF THE TAX RATE TO THE O AND M PORTION OF THE TAX RATE, UM, TO SHORE UP FUNDING FOR EXISTING GENERAL FUND SERVICES.
AS WELL AS, UM, TO HOPEFULLY PROVIDE SOME ENHANCEMENTS IN PUBLIC SAFE, PUBLIC SAFETY, STAFFING, AND SOME OTHER AREAS THAT HAVE, HAVE CRITICAL OPERATION NEEDS AND LARGER FACILITIES THAT WERE CONSTRUCTED IN THE 19 BOND.
THERE'LL BE LOTS OF DISCUSSION ABOUT THAT DURING THE BUDGET PROCESS.
IF YOU'RE INTERESTED, HOW IT RELATE TO THE TIF ZONE IS THAT THE OVERALL TAX RATE IS PROPOSED TO GO DOWN ABOUT 1 CENT.
SO THAT WILL, YOU KNOW, REDUCE, YOU KNOW, THE LONG TERM OVERALL TAX RATE AND POTENTIAL REVENUE.
THE RATE ADJUSTS ANNUALLY, UM, BASED ON OUR ONE, UH, THE AMOUNT OF DEBT SERVICE WE NEED, AS WELL AS OUR OWN M UH, PORTION OF THE RATES GOVERNED BY SENATE BILL TWO, WHICH, UM, ESSENTIALLY CAPS THE REVENUE YOU GET ON THE GENERAL FUND SIDE BY DRIVING YOUR RATE DOWN.
SO THERE'S ALWAYS RATE ADJUSTMENTS THAT, THAT HAVE AN IMPACT ON THE TIF MODEL.
ANY ADJUSTMENT AS A RESULT OF THE RATES USUALLY OFFSET BY GROWTH WITHIN THE TIF ZONE.
SO IT NEVER SO FAR HAS NOT PRODUCED A NEGATIVE FINANCIAL IMPACT TO THE TIFF.
UM, BUT JUST WANTED TO MAKE YOU AWARE OF THE MECHANICS AND THAT THE BUDGET IS EARLIER THAN USUAL.
TYPICALLY WE WOULD HAVE THIS MEETING WITH THE BOARD BEFORE THE PROPO.
THE BUDGET GETS PROPOSED TO COUNCIL.
UM, BUT JUST WITH THE TIMING OF GETTING THE PROPOSED BUDGET DEVELOPED, UM, AND THEN GETTING IT TO COUNCIL THAT WE WEREN'T ABLE TO ACCOMPLISH THAT THIS YEAR.
BUT THERE IS TIME FOR COUNCIL TO CONSIDER THAT AND THIS BOARD TO CONSIDER WHAT'S IN THE PROPOSED BUDGET NEXT WEEK.
THEY'RE GOING OVER IT, CORRECT? I BELIEVE SO, YES.
WE HAVE A SATURDAY WORK SESSION, WHICH IS THIS SATURDAY.
UM, NEXT TUESDAY WILL BE WHEN WE OFFICIALLY SET THE, THE TAX RATE AND PUBLIC HEARINGS.
UM, AND THEN THERE WILL BE SEVERAL MEETINGS IN AUGUST AS SHOWN ON THE SLIDE FOR, UH, COUNCIL DISCUSSION AND PUBLIC HEARINGS.
I WANTED TO MAKE SURE THAT WAS MM-HMM
SO YOU'RE FINDING YOURSELF INCLINED TO TUNE IN.
YOU CAN JOIN US ON SATURDAY ONLINE OR IN PERSON? SO EITHER IN PERSON.
YOU KNOW WHAT? I READ THROUGH IT
IT'S 300 AND SOMETHING PAGES AND I'M ONLY THREE 90.
I'M ONLY ON PAGE LIKE 90 OR SOMETHING.
SO DUE TO THE UNIQUE TIMING OF THE BUDGET PROCESS, THE INITIAL PROPOSED BUDGET WAS BASED ON ESTIMATES.
'CAUSE AS YOU'LL SEE HERE, UM, THIS FRIDAY, WE ARE ANTICIPATING RECEIPT OF CERTIFIED VALUES FROM THE APPRAISAL DISTRICT.
SO WHEN YOU COME TO THIS NEXT SLIDE ON ON SLIDE NUMBER FIVE, WHERE THAT IMPACTS IS THIS PROPOSED 27 COLUMN WITH THE AVALOR TAX REVENUE PROJECTED ABOUT 5 MILLION.
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WILL CHANGE SOME AMOUNT BASED ON THE CERTIFIED VALUES.'CAUSE THAT WAS CALCULATED BASED ON AN ESTIMATE PROVIDED BY THE APPRAISAL DISTRICT EARLIER THIS SUMMER.
IN TERMS OF WHAT THE OVERALL VALUE WOULD BE FOR THE ZONE
AND, UM, USUALLY ON THE 22ND, I KNOW THEY'RE ENDING, THEY'RE ENDING RIGHT AT IT.
AND THEY'LL TYPICALLY CERTIFY ONCE THEY'VE AT LEAST HIT 95%.
UM, AND THEN ANYTHING LINGERING PAST THAT WOULD BE AN ADJUSTMENT TO YOUR CERTIFIED VALUES LATER ON? YEARS AGO THERE WAS A DELAY OR SOMETHING WITH IT.
SO THIS IS ACTUALLY THE SECOND BUDGET WE'VE DONE BASED ON ESTIMATES.
UM, I KNOW A LOT OF THE BIG, UM, AGENTS WERE LIKE THE, OUR HEARINGS WERE THE SECOND.
I THINK MOST OF THE, ONCE ALL THE BIG AGENTS GO THROUGH, CALL THEM.
TYPICALLY IT'S EVERYTHING ELSE THAT'S GONNA GO THROUGH LITIGATION OR RIGHT.
SO, UM, SO WE'LL HAVE, UM, OF COURSE ALL THE CERTIFIED VALUES WE WILL RECEIVE ON FRIDAY.
WE'RE ANTICIPATING RECEIVING ON FRIDAY.
THOSE WILL BE PRESENTED OUT TO COUNCIL NEXT TUESDAY.
UM, AND THEN ON AUGUST 4TH, I'M ASSUMING I WON'T HAVE THE FULL FINANCIAL FLOW THROUGH READY NEXT TUESDAY.
UM, BUT I, I'LL, I'LL DO MY BEST.
UM, BUT BY AUGUST 4TH AT THAT COUNCIL DISCUSSION WILL HAVE THE FULL IMPACT OF THOSE CERTIFIED VALUES AND, AND ALL THE FUNDS THAT WOULD IMPACT, THAT WOULD BE YOUR GENERAL FUND, YOUR DEBT SERVICE FUND.
AND THEN ALL THREE OF OUR TIF ZONES WOULD HAVE UPDATED, UM, REVENUES ASSOCIATED WITH THOSE CERTIFIED VALUES.
AND THAT'S SOMETHING WE CAN COMMUNICATE VIA EMAIL TO THE BOARD.
IT'D BE REAL INTERESTING TO SEE HOW CLOSE OR WHERE.
I WAS JUST GONNA ASK YOU HISTORICALLY, HOW MUCH DOES THAT CHANGE THE ESTIMATION? IT WILL BE A, IT WILL, IT SHOULD BE A POSITIVE CHANGE.
SO THIS NUMBER IS BASED ON OUR HISTORIC AMOUNT OF CHANGE FROM WHEN WE HAVE THAT CERTIFIED OR THAT PRELIMINARY ESTIMATE TO CERTIFIED, WHICH IS ABOUT A 15% DROP AS THEY AS PROPERTIES GO THROUGH THAT APPEALS PROCESS.
SO YOU'RE SEEING 85% OF THAT TAXABLE VALUE VALUATION THAT WE'RE CALCULATING REVENUES OFF OF.
I ANTICIPATE HOPEFULLY LANDING CLOSER TO 90 TO 95%.
IT'D JUST BE FUN TO SEE THIS YEAR WITH SB TWO AND EVERYTHING ELSE THAT'S COME IN, HOW CLOSE THAT ACTUALLY GOT.
BECAUSE IT'S BEEN, IT'S BEEN FAIRLY CLOSE IN THE YEARS WE'VE BEEN DOING THIS.
SO WE DO OUR BEST TO TRY TO PUT A KIND OF FINGER IN THE AIR NOW.
ARE THE BIG BRAINS UP THERE? YEAH.
IT, IT'S TREND UNTIL SOMETHING CHANGES OR, YOU KNOW, THERE'S, YOU KNOW, NEW LEGISLATION OR CHANGES IN THE APPEALS PROCESS OR WHO'S, YOU KNOW, SIGNING FIRMS AND GOING OUT AND, YOU KNOW, GETTING A LOT OF, UM, YOU KNOW, PEOPLE SIGNED ON TO DO THE APPEALS PROCESS.
SO WE SAW A LOT OF CHANGE WHEN THEY, UM, IMPLEMENTED THE, THE, NOT, THEY DON'T CALL IT THE CAP, THE CIRCUIT BREAKER.
AND THAT'S GOING AWAY, SO MM-HMM
IN TERMS OF OUR INTEREST INCOME FOR THIS FUND, UM, WE DON'T EVER ASSUME LARGE CHANGES OR SWINGS WHEN OUR INTEREST INCOME IN RELATION TO THE FUND BALANCE.
IN ACTUALITY IT WILL BE EARNING INCOME THAT I ANTICIPATE WILL OUTPACE THIS.
THE REASON WE'RE NOT BUDGETING THAT WAY IS BECAUSE WE DON'T KNOW IF ANY, UM, YOU KNOW, EXPENDITURES WILL COME ABOUT THROUGHOUT THE COURSE OF NEXT YEAR.
AND WE WANT TO PROVIDE THE TIF BOARD, UH, THE, I GUESS THE FUNDING THAT CURRENTLY EXISTS TO BE ABLE TO TAKE ON ANY EXPENDITURES AND NOT NECESSARILY CONTEMPLATE, YOU KNOW, FUTURE PROJECTIONS UNLESS IT'S A LONGER TERM, YOU KNOW, PAYOUT OR MULTI-YEAR DEAL.
WE'RE ASKING THE TIF BOARD TO CONSIDER, IN WHICH CASE WE'D WANT TO UTILIZE VERY CONSERVATIVE ESTIMATES TO ENSURE THAT THE TIF COULD FUND, UM, THAT PROPOSED EITHER DEVELOPMENT AGREEMENT OR INCENTIVE, AND THEN MOVING INTO OUR EXPENDITURES.
THEY'RE OUTLINED ON THIS SLIDE, BUT I ALSO HAVE KIND OF HAVE 'EM BROKEN OUT ON THIS NEXT TAB TWO.
UM, WE'RE INSTITUTING WHAT WE'RE CALLING WHAT IS CALLED GENERAL AND ADMINISTRATIVE.
UM, THIS IS SOMETHING THAT WAS BROUGHT TO STAFF'S ATTENTION AND THAT IT'S REQUIRED UNDER THE STATUTE FOR TIFS.
AND SO WE ARE INSTITUTING THIS, THIS IS REALLY JUST TO COVER THE STAFF FINANCIAL AND LEGAL TIME ASSOCIATED WITH ADMINISTRATING THE TIFF BOARD.
UM, AND IT SET BINDER, THE, THE STATUE FOR TIFFS.
YOU DON'T DO THIS FOR FREE, APPARENTLY NOT
WE'RE IN THE WRONG LINE OF WORK.
WHERE DO, HOW, HOW ARE YOU GUYS FACTORING THAT NUMBER? IS IT, WHERE DOES THE NUMBER COME FROM? IT'S A, IT'S JUST A FLAT PERCENTAGE.
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AND THAT'S, IS THAT ACROSS THE BOARD FOR ALL TIFS? IT'S ACROSS THE BOARD FOR ALL TIFS.IS THAT DIVIDED AMONGST ALL TIFS OR IS THAT 3 55 TIMES THE THREE TIFFS? UM, EACH TIFF HAS A SLIGHTLY DIFFERENT AMOUNT BASED ON THE TOTAL REVENUE IN THE TIFF.
AND IS THE PERCENTAGE DICTATED BY THE IT IS NOT.
WE MADE IT A, A DETERMINATION.
SO THE OTHER TIFFS TIF ONE HAS STAFF PAID BY THE TIFF BECAUSE WE HAVE THE DOWNTOWN DEVELOPMENT OFFICE.
UM, SO FEELING THAT THAT MET SOME OF THOSE ADMINISTRATIVE NEEDS ARE IN COVERED UNDER STATUTE.
UM, IT HAS A LOWER GNA TIF TWO OR I 30 TIF HAS HIGH PUBLIC SAFETY COSTS WITHIN ITS ZONE.
AND THAT BOARD AGREED LAST YEAR TO SUPPLEMENT A SHARE OF THE PUBLIC SAFETY COSTS, UM, UNDERNEATH THAT TIF PLAN, UM, SPECIFIC TO THE FIRE AND POLICE RESPONSE TO LONG I 30.
AND SO THAT WAS TAKEN IN FOR A LOWER GNA COST.
AND THIS IS A METHODOLOGY THAT CAN BE READ ANNUALLY AND CAN BE REVIEWED AND REDETERMINED WITH THE BOARD SHOULD, YOU KNOW, A MAJOR PROJECT OR NEED ARISE.
WE CAN, WE CAN WORK WITH OUR LEGAL TEAM TO DETERMINE WHAT IS THE BEST ALLOWABLE METHODOLOGY TO MODIFY THAT IT SHOULD.
WE NEED TO REALLOCATE FUNDS ACROSS THE TIF.
WE HAVE THE DEBT SERVICE TRANSFER.
THIS IS YEAR ONE OF THAT AT ABOUT 1.4 MILLION ASSOCIATED WITH THE HOLFORD YOUTH AND RECREATION SOCCER FACILITY THAT WE DISCUSSED AT OUR LAST MEETING.
UM, IT'S A, THAT PROJECT'S IN DESIGN RIGHT NOW, WE ANTICIPATE CONSTRUCTION, I BELIEVE IN 2027.
AND ANDY CAN, WE'LL ACTUALLY BE SPEAKING TO THIS IN THE NEXT ITEM.
UM, AND THEN BY YEAR THREE, WE'LL BE AT WHAT IS THE PROJECTED DEBT SERVICE MAXIMUM ABOUT 1.8 MILLION PER YEAR FOR, AND THAT WILL LAST OUT OVER THE 20 YEAR TERM.
AND THEN FINALLY WE HAVE, UH, AN EXISTING INCENTIVE AGREEMENT.
THIS IS WITH A, UH, MEDICAL GROUP IN THE MEDICAL DISTRICT.
UM, TO DATE, WE HAVE NOT, THEY HAVE NOT MET THE CRITERIA TO HAVE THIS PAID, UM, FROM THE TIFF, BUT WE DO BUDGET IT WHILE THEY'RE STILL WITHIN THAT INCENTIVE AGREEMENT TERM IN THE EVENT THEY MEET THE CRITERIA TO EARN THE INCENTIVE.
SO JUST COMING BACK ONE SLIDE TO ROUND OUT THE FY 27 PROPOSED BUDGET, UM, BASED ON THOSE MINIATURES PROJECTED AT 2.2 MILLION, UM, YOU'RE LOOKING AT AN ENDING FUND BALANCE OF 11.3 MILLION.
VERY HEALTHY FUND BALANCE FOR THE TIFF AND WILL GIVE US A LOT OF FLEXIBILITY IN THE FUTURE, UM, TO PARTICIPATE IN PROJECTS, DEVELOPMENT AGREEMENTS OR INCENTIVES.
WITH THAT, I'LL SEE IF WE HAVE ANY OTHER QUESTIONS ON ITEM THREE B.
WE'LL MOVE TO, DO YOU, DO YOU NEED A RECOMMENDATION FROM US OR ARE YOU TO MOVE FORWARD WITH IT? OR IS THIS JUST, IT'S ALL ACTION GOING FORWARD AND IT'S TECHNICALLY ALREADY PROPOSED, RIGHT.
UM, BUT YEAH, IT WOULD BE IF THE TIFF BOARD WOULD LIKE TO PROVIDE THEIR CONSENSUS ON THE MATTER.
IF Y'ALL ARE COMFORTABLE REACHING A CONSENSUS TO AGREE WITH THE BUDGET, I'M MORE THAN HAPPY TO TAKE THAT AND REPORT THAT BACK.
DO YOU NEED A MOTION? I MEAN, I THINK IT LOOKED BETTER FOR COUNSEL AND IF YOU HAVE FURTHER QUESTIONS BEFORE YOU DO THAT, I'M, I'M HAPPY.
HERE GOES THE ACCOUNTANT AGAIN.
I COULD SEE THE WHEELS TURNING.
SO I, IT, I HATE TO BE LIKE NITTY GRITTY ON THIS AND, AND NOT THAT ANYBODY DOESN'T DESERVE THE PAY.
THE, MY QUESTION IS, UM, I DON'T KNOW IF YOU EVEN HAVE ACCESS TO THIS RIGHT NOW, OR IF IT'S SOMETHING I'M OKAY WITH IT.
I JUST WANNA UNDERSTAND WHO MAKES UP THAT, THAT STAFF.
IS IT EVERYBODY I WE SEE EVERY MEETING OR IS IT GO BEYOND? IT'S BROADER.
UM, I CAN, I CAN FOLLOW UP WITH THE EXACT DETAILS JUST SO I DON'T, I'M JUST ADMIT TO SAYING THIS IS EXACTLY WHAT IT IS AND THEN NO, NO, NO, NO.
I'M JUST LIKE, IT INCLUDES, UH, SOME AMOUNT OF ASSISTANCE, CITY MANAGEMENT TIME.
UM, 'CAUSE TYPICALLY ANDY HESSER OR ASSISTANT CITY MANAGER OF ECONOMIC DEVELOPMENT, OR MATT AND OR MATT WATSON ARE INVOLVED WITH THE TIFF BOARD, WHO'S OVER KIND OF THE FINANCIAL SERVICES GROUP.
UM, SOME AMOUNT OF MY TIME, SOME AMOUNT OF, UH, THE BUDGET TEAM TIME, UH, FINANCIAL ACCOUNTING TIME,
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AND THEN WE ASSUME SOME AMOUNT OF LEGAL TIME ASSOCIATED WITH THE TIFF.ANYTIME WE DO A, AN UPDATE TO THE PROJECT AND FINANCING PLAN, WHICH RECENTLY HAS BEEN ABOUT EVERY OTHER YEAR, UM, WE DO GO THROUGH A LEGAL REVIEW OF THAT.
THAT'S PRETTY MUCH ALL I WAS WANTING.
AND IT'S NOT A HUNDRED PERCENT OF ANYONE'S SALARY.
YOU KNOW WHAT I WAS ABOUT TO SAY, YOU KNOW, LIKE, IF IT'S ONLY, WE TOOK A BLEND OF YOU, ANYONE WHO ROUTINELY WORKS ON THIS TO TRY TO COME UP WITH, AND THERE'S A LOT OF WORK THAT GOES INTO THIS THAT WE DON'T SEE.
I TRUST AND BELIEVE ACCOUNTING IS MY GAME.
I I'M OKAY WITH APPROVING THIS.
AND JENNIFER, THE, SO THERE YOU GO.
I GOT SECOND JENNIFER, I SECOND SHE SECONDED.
YOU CAN HAVE IT IF YOU WANT IT.
I HAD THE FIRST, I HAD THE FIRST.
I JUST DIDN'T HEAR YOU SAY SECOND.
I WAS LIKE, SO TURN YOUR EAR IN FAVOR.
AND, AND JUST TO CLOSE OUT THE ITEM, IF YOU THINK OF A QUESTION AT ANY POINT IN TIME, EVEN AFTER THE MEETING, YOU CAN ALWAYS EMAIL IT TO MYSELF OR DARCY.
WELL, IF YOU, IF YOU REVIEW THE DOCUMENT OR YOU THINK ABOUT IT AND YOU HAVE A QUESTION, YOU'RE ALWAYS WELCOME TO EMAIL IT AND WE CAN MAKE SURE THAT INFORMATION GETS DISTRIBUTED BACK TO THE ENTIRE BOARD.
ALRIGHT, HOW ABOUT WE MOVE ON TO THREE C? DO WE GET TO SEE THE, UH, ONE AND ONLY ANDY THIS TIME? OR IS IT GONNA BE JUST YOU PART WAY THROUGH? YOU WILL
I KNOW YOU'RE HAVING A BLAST LISTENING TO ALL THE NUMBERS.
THAT IS, THAT IS WHY WE, THIS IS ACTUALLY THE FUN PART OF THIS, SO, MM-HMM
SO WALKING THROUGH BACK TO YOU.
UM, SO THIS IS, I'M NOT COMPLETE ON UPDATING THE PROJECT AND FINANCING PLAN.
I KNOW, UM, BUT I'VE UPDATED COMPONENTS OF IT.
AND I HAVE THOSE BEFORE YOU TONIGHT TO WALK THROUGH THOSE, ANSWER ANY QUESTIONS, UM, AND JUST TALK YOU THROUGH, UM, ANDY WILL BE INVITED UP TO TALK THROUGH SOME OPPORTUNITIES, UM, THAT MAY RESULT IN, UM, SOME PLANNED EXPENDITURES FOR, FROM THE TIFF.
UM, AND SO JUST TO GIVE YOU A, UH, THE TIFF BOARD, A PREVIEW OF THOSE, UM, THERE WILL BE NO, UM, REQUEST FOR YOU TO COMMIT TO ANYTHING NEW TONIGHT THAT WOULD COME BACK TO YOU AT A LATER DATE.
UM, BUT JUST WANNA WALK YOU THROUGH THE FINANCIALS AS THEY STAND TODAY.
UM, AND THEN WHEN THE TIME IS APPROPRIATE, WE'LL COME BACK WITH THAT MORE DETAIL AND POTENTIAL REQUEST FOR ACTION AND COMMITMENT ON THE EXPENDITURE SIDE.
UM, SO JUST WALKING THROUGH SOME HIGH LEVEL ASSUMPTIONS, WE'RE ASSUMING A VERY CONSERVATIVE GROWTH ESTIMATE OF ABOUT 1.5%.
KIND OF THE REASON WE DO THAT IS WHEN YOU'RE LOOKING AT A TIFF ZONE AND IT'S OVERALL GROWTH, YOU'RE TYPICALLY LOOKING TO CATALYZE GROWTH WITHIN THAT TIFF.
UM, OTHERWISE YOU WOULDN'T TRY TO CAPTURE THAT INCREMENTAL VALUE TO REINVEST.
AND SO TYPICALLY THAT'S A FINANCIAL OBLIGATION THROUGH PRIVATE DEVELOPMENTS, PUBLIC PRIVATE PARTNERSHIPS, INCENTIVES, ALL KINDS OF MAYBE LAND ACQUISITION, ALL KINDS OF VARIOUS WAYS, SHAPES AND FORMS THAT CAN TAKE PLACE.
UM, WE WANT TO ENSURE THAT THE CITY AND THE TIFF BOARD AND THE CITY COUNCIL ARE PROTECTED IN HOW MUCH OF A FINANCIAL COMMITMENT THEY CAN TAKE ON WHEN LOOKING AT THOSE PROJECTS, BY USING VERY CONSERVATIVE ASSUMPTIONS.
UM, THE CITY, UM, HAS HAD, UH, A MIXED HISTORY, UM, WITH, YOU KNOW, MAKING AN ASSUMPTION AND A, A GROWTH MODEL FOR TIFF.
YOU SAW THAT WITH THE EARLY YEARS OF THE BASS PRO TIFF, WHERE THE CITY USED, UM, I WON'T SAY AGGRESSIVE, BUT VERY OPTIMISTIC, UM, GROWTH PLANS FOR THAT AREA.
AND IT DIDN'T MATERIALIZE TO SERVICE THAT DEBT.
SINCE THEN, UM, WE'VE BEEN A LOT MORE CONSERVATIVE, ESPECIALLY WHEN TAKING ON A LONGER TERM OBLIGATION LIKE THAT.
UM, SO THAT'S THE REASON WHY WE'RE CONSERVATIVE AND TYPICALLY WE BEAT OUR PROJECTIONS.
WE WOULD, WE ALWAYS HOPE TO BEAT OUR PROJECTIONS AND JUST HAVE THAT MUCH MORE IN THE TIFF TO DO, TO REVITALIZE AND CATALYZE IMPROVEMENTS IN THE ZONE.
UM, THIS DOES ANTICIPATE SOME POTENTIAL REDEVELOPMENT AND NEW CONSTRUCTION TAX GROWTH OUT IN THE FUTURE.
AND I'LL TALK US THROUGH THAT WHEN LOOKING AT THE SLIDES.
UM, BUT THIS IS BASED ON KNOWN DEVELOPMENTS OR DEVELOPMENTS THAT ALREADY EXIST WITH FUTURE PHASES THAT
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HAVE GONE THROUGH THE CITY PLANNING AND ZONING PROCESS HAVE BEEN COMMUNICATED THROUGH OUR ECONOMIC DEVELOPMENT GROUPS.UM, SO THAT IS QUANTIFIED WITHIN THIS MODEL.
UM, BUT IT, AND THEN, BUT IT DOES NOT ANTICIPATE ANY DIS UNKNOWN NEW CONSTRUCTION, LIKE JUST A, A BLANKET GROWTH FACTOR BEYOND THAT 1.5%.
SO ANY, UM, LARGE NEW DEVELOPMENT THAT WE ARE ABLE TO ATTRACT IN THE ZONE, THINK OF THE REVITALIZATION IN SOUTH GARLAND THAT IS ON THE HORIZON.
UM, THAT'S A PRIORITY FOR THE CITY.
UM, NOTHING IS ASSUMED WITHIN THIS MODEL, UH, FOR THAT.
UM, AND THEN WE'RE NOT NECESSARILY LOOKING AT ANY EXPENDITURE COMMITMENTS BEYOND WHAT'S BEEN DISCUSSED TO DATE, EXCEPT JUST TO PREVIEW, UM, SOME POTENTIALS ON THE HORIZON WITH THE BOARD.
THERE ALWAYS MAY BE OPPORTUNITIES THAT ARISE AND, AND WE'LL CALL YOU, UH, MAYBE FOR AN AD HOC MEETING, UM, OR EVEN AN EXECUTIVE SESSION IF NEEDED, IF THE, IF THE RIGHT OPPORTUNITY COMES UP.
SO JUST TO RECAP WHAT'S ON THE EXPENDITURE SIDE IN THE CURRENT PLAN, THIS IS WHAT WAS ADOPTED IN 2025.
UM, JUST TO SHOW YOU WHERE WE WERE, UM, YOU HAVE THE, WE'RE TRACKING THE ZONE IN TWO COMPONENTS BASED ON THE DIRECTION FROM THIS BOARD PREVIOUSLY.
AND IT WAS AGREED TO BY CITY COUNCIL, UM, THAT WE WANNA RETAIN THE REVENUE IN THE MEDICAL DISTRICT AREA, THAT ORIGINAL PART, THAT INITIAL PART OF THE ZONE, UM, TO ENSURE WE HAVE FUNDING AND SEED FUNDING FOR REDEVELOPMENT AND HOPEFULLY, UH, YOU KNOW, ATTRACTION OF A MEDICAL FACILITY TO THAT AREA.
UM, AND THEN WE'RE TRACKING, UM, THE REVENUE AND EXPENDITURES ASSOCIATED WITH THAT NORTH SOUTH EXPANSION ZONE.
UM, THAT DOESN'T MEAN THAT THE TWO, THE TWO COMPONENTS OF THE ZONE COULDN'T BORROW FROM ONE ANOTHER IF THE RIGHT OPPORTUNITY WERE TO PRESENT ITSELF.
WE'RE JUST MAKING SURE WHEN THE BOTTOM LINE ACCOUNTING THAT THOSE BUCKETS ARE, ARE ACCOUNTED FOR SEPARATE AND REPORTED OUT SEPARATE TO YOU ALL.
UM, SO YOU'LL SEE FOR THE PROJECT PLAN UNDER THE MEDICAL ZONE, IT'S REALLY JUST A, A KIND OF A BLANKET PLACEHOLDER BUCKET FOR PUBLIC IMPROVEMENTS AND CONSTRUCTION IN OUR HEALTH PARK HEALTH PARK.
UM, WE HAVE THAT STREET SCAPE, UH, PROJECT ON THE HORIZON IN THE CIP.
THERE'S BEEN SOME DESIGN EFFORTS, UM, BUT DON'T, UH, WE'RE STILL PENDING THE TIMELINE.
THAT'S KIND OF BEEN ON, ON PAUSE FOR SOME AMOUNT.
AND WHEN ANDY COMES UP, I'LL SEE IF HE HAS ANYTHING TO ADD TO THAT.
UH, AD HOC, I INVITED HIM TO TALK ABOUT SOMETHING ELSE,
UM, BUT WE'LL ALSO BRING THAT BACK AT A FUTURE MEETING FOR A FULL UPDATE OF KIND OF THE STATUS OF THE MEDICAL DISTRICT LOOKING AT THE NORTH SOUTH ZONE.
WE HAD, UH, PREVIOUSLY DISCUSSED WITH THE TIFF BOARD LAST YEAR ABOUT SUPPORTING THE TIFF DEBT FOR A SOCCER COMPLEX.
WE DISCUSSED THAT IN MORE IN DEPTH LAST MEETING.
AND THAT THAT PRESENTATIONS IN YOUR TEAM'S CHANNEL IF YOU HAPPEN TO MISS IT OR WANT TO REVIEW THOSE SLIDES.
SO THAT'S THE, THE MAJOR ALIGN ITEM IN ORANGE THAT WHEN I COME TO THIS NEXT SLIDE, OUR STARTING DRAFT FOR 2026 FORWARD, WHEN WE'RE LOOKING AT UPDATING OUR FULL TIF PLAN, WHICH IS A ABOUT A 30 PAGE DOCUMENT, WE'LL WORK THROUGH STAFF, WILL WORK THROUGH UPDATING THEM, BRING TO YOU ALL FOR DISCUSSION REVISION.
AND THEN HOPEFULLY, ULTIMATELY A RECOMMENDATION.
UM, WE HAVE IT UPDATED HERE IN ORANGE, THE DEBT SERVICE ASSOCIATED WITH THE YOUTH AND RECREATION SOCCER COMPLEX, WHICH IS A MUCH LOWER AMOUNT.
AND SO I'VE JUST PUT THE REMAINING THE REMAINDER AMOUNT IN AN UNASSIGNED PROJECT CAPACITY FOR AT, FOR, FOR FUTURE OPPORTUNITIES.
UM, IT'S IN THAT NORTH SOUTH BUCKET.
UM, IT COULD BE USED NORTH, IT COULD BE USED SOUTH, IT COULD BE ANYWHERE IN THE, IN THAT, IN THE ZONE.
SO, UM, AND THAT'S SOMETHING WE CAN DISCUSS AS WE MOVE FORWARD, UM, AS A BOARD.
AND, YOU KNOW, LOOKING AT OPPORTUNITIES, WE COULD JUST LEAVE IT OPEN-ENDED.
IT COULD BE USED ANYWHERE IN THAT NORTH SOUTH ZONE.
THAT'S JUST SOMETHING WE CAN CONTINUE TO DISCUSS AS WE WORK THROUGH THE PROJECT AND EXPENDITURE PLAN REVISIONS.
SO I JUST WANTED TO POINT OUT THAT CHANGE IN OUR PLANNED EXPENDITURES RIGHT NOW.
'CAUSE THE BOARD HAS COMMITTED TO THAT DEBT SERVICE.
THEY HAVEN'T COMMITTED TO ANYTHING ELSE BEYOND THAT.
SO THIS IS WHERE I'LL INVITE ANDY UP.
SO GOING INTO THE, THE KNOWN IS THAT PROJECT PROJECTED DEBT, WE REACH ABOUT 1.8 ANNUAL FOR THE, UH, UPCOMING FUTURE.
AND THEN I'VE INVITED ANDY SPECIFICALLY TO TALK ABOUT, I THINK WHAT'S FIRST ON THE HORIZON IS SOME POTENTIAL OPPORTUNITIES STILL ASSOCIATED WITH THAT FACILITY
[00:30:01]
AND WHAT THEY'RE DOING IN TERMS OF AN RFP.SO ANDY, I'LL, I'LL TURN IT OVER TO YOU.
UM, ANDY HESSER, ASSISTANT CITY MANAGER.
UM, THE RFP CLOSED FOR A QUALIFIED MANAGEMENT, UH, COMPANY TO OPERATE THE SOCCER FACILITY SOME WEEKS AGO, MAYBE A COUPLE MONTHS AGO.
UM, THE SELECTED FIRM IS A, IS A PARTNERSHIP OF, UH, EASTERN SPORTS MANAGEMENT AND SPORTS DEVELOPMENT GROUP.
AND THOSE TWO PUT TOGETHER A REALLY IMPRESSIVE PACKAGE, UH, AS AN OPERATOR AND REALLY RESPONDED TO OUR, UM, VISION OF THIS BEING AN ECONOMIC DEVELOPMENT DRIVER.
IT REALLY IS IMPORTANT THAT WE, IT, YES, IT'S A PARKS AND RECREATION FUNCTION, BUT THE BEAUTY OF IT IS, IS THAT, UM, THEY WILL OPERATE THE FACILITY ON BEHALF OF THE CITY, UM, AND OB AND HANDLE ALL OF THE OPERATIONAL COSTS THAT GO WITH IT, THE MAINTENANCE, THE MARKETING, ALL OF THOSE THINGS.
AND SO WHERE WE ARE RIGHT NOW WITH THAT IS, IS WE'RE NEGOTIATING THE TERMS OF THAT CONTRACT, TO BE FAIR TO BOTH SIDES IN THE SENSE THAT BECAUSE IT WAS, UH, PAID FOR WITH COS IT'S GOT SOME CERTAIN STRINGS ATTACHED AND WHAT WE CAN AND CAN'T DO.
UM, AND THAT'S WHERE WE ARE WITH THE QUALIFIED MANAGEMENT CONTRACT STRUCTURE.
AND SO RIGHT NOW THEY, WE'VE, WE'VE REALLY ENJOYED WORKING WITH THEM.
THEY'VE BEEN, UH, VERY INVOLVED IN THE DESIGN, UH, DECISIONS, UH, FOR THE, FOR THE PROJECT, UH, WHICH WE HOPE WILL THE, THE BIDS CLOSE FOR THAT PROJECT, UH, FRIDAY.
UM, AND THEN FROM THERE, UH, NOW A LITTLE BIT OF NOT GREAT NEWS IS I'VE, I RIGHT NOW WE ARE CURRENTLY PROJECTING TO BE OVER BUDGET, UH, WITH OUR CONSTRUCTION MANAGER AT RISK IS, IS AS THEY PROJECT, UM, AND GATHER WITH THEIR TRADE PARTNERS THE POTENTIAL COST.
UH, WE ARE, WE ARE, UH, LOOKING LIKE WE'RE GONNA BE OVER BUDGET WHEN THAT, WHEN THE BIDS COME IN, WE'LL HAVE TO POSSIBLY ENTERTAIN SOME, SOME DECISIONS.
UH, WE'LL SEE, YOU KNOW, JUST HOW FAR OVER BUDGET WE ARE.
BUT THE GOAL REMAINS TO, UM, IF YOU COULD MAYBE GO TO THE SOCCER SLIDE, AND I HAVE THIS AT THE VERY BACK OF THE PRESENTATION JUST FOR REFERENCE, IS THE, THE FACILITY.
SO WHAT WE, WHAT WE DID IN THIS, AGAIN, SINCE IT'S AN ECONOMIC ENGINE, BOTH FOR THE CITY AS WELL AS THIS, THIS HARD CORNER OF HOLFORD AND THE 14 ACRES NEXT TO IT.
UH, WE WANT THOSE THINGS TO WORK TOGETHER.
I KNOW EVERYBODY'S SEEN THAT AND, AND SO I WON'T GO INTO MUCH DETAIL, BUT, UM, THE IDEA IS, IS THAT THIS COMPLEX WOULD, EVEN THOUGH IT'S NOT, THERE ARE OTHERS THAT HAVE MUCH MORE, UH, FIELDS IN ONE, MORE FIELDS IN ONE LOCATION.
EIGHT IS ALL WE CAN SQUEEZE INTO HERE, BUT WE WANT THEM TO BE HIGH QUALITY.
WE WANT 'EM TO BE ABLE TO COMPETE IN THE TOURNAMENT SPACE, COMPETE IN THE EVENT SPACE THAT WILL HELP GENERATE, UH, VISITORS AND, AND THEREFORE INCOME.
SO ONE OF THE GOALS IS, IS THAT IF, DEPENDING ON HOW FAR OFF WE ARE, THERE'S GONNA BE A LOT OF, UH, VE VALUE ENGINEERING IDEAS THAT WE'RE GONNA HAVE TO TALK THROUGH.
WE'LL INCLUDE THE OPERATOR AND WE'LL INCLUDE THE CONSULTANT, WHICH IS MCCULLERS, UH, CONSULTING GROUP THAT SPECIALIZES IN SPORTS, PARTICULARLY SOCCER.
THEY'VE BEEN WITH US ALL ALONG THE WAY AND, AND, AND EVALUATE THOSE VE ITEMS SO THAT WE TRY TO STAY WITH THE INTEGRITY OF THE PROGRAM.
UM, WE, NOW, I'LL USE AN EXAMPLE.
ONE EXAMPLE MIGHT, OR ONE OPTION MIGHT BE TO REDUCE SOME OF THE DESIGN FOR THE SOCCER SURFACE.
SO WE'VE GOT FOUR ARTIFICIAL, FOUR NATURAL GRASS.
THEY'RE BUILT ON A 12 INCH USGA SAND MIX, UH, IN ORDER TO, UH, UH, HANDLE THE WEAR AND TEAR, BE ABLE TO DISTRIBUTE WATER QUICKLY AND, AND, AND MINIMIZE THE RAIN OUTS.
WE MAY HAVE TO VALUE ENGINEER A LITTLE BIT OF THAT.
AN EXTREME EXAMPLE MIGHT BE TO NOT DO TWO FIELDS ON THE OTHER SIDE.
RIGHT NOW, WE DON'T PREFER THAT OPTION BECAUSE NOW IT IMPACTS THE PROFORMA IN TERMS OF HOW MANY PEOPLE WE CAN, CAN CYCLE THROUGH.
SO THOSE ARE THE, THE DECISIONS WE'LL HAVE ON THE HORIZON.
AND THEN ULTIMATELY WHERE WE LAND WILL IMPACT THE AGREEMENT AND THE PROFORMA THAT WE HOLD THEM, UH, ACCOUNTABLE FOR, FOR OPERATING.
THE RFP FOR THE 14 ACRES ALSO CLOSES SOON.
UM, AND SO WE'LL BE EVALUATING THAT SIMULTANEOUSLY, UM, AND SEE HOW THAT GOES.
SO THAT'S IT FOR THE OPERATOR.
ANY OTHER THINGS YOU WANT ME TO COVER? UM, I THINK THIS ONE NOTE, UM, JUST AS THEY'VE GONE THROUGH THAT NEGOTIATION AND THEY, YOU KNOW, HOPEFULLY REACH AN AGREEMENT, UM, THERE MAY BE A NEED OR A REQUEST, UM, FOR SOME INITIAL STARTUP COSTS THAT'S RIGHT.
TO GET THEM UP AND RUNNING THAT QUA, IT HAS NOT BEEN QUANTIFIED YET TO MY UNDERSTANDING OR IT'S STILL BEING NEGOTIATED.
UM, SO THAT WOULD BE BROUGHT BACK THROUGH THIS BOARD.
UM, SO I BELIEVE IT WOULD BE AT LEAST A STAFF RECOMMENDATION TO LEVERAGE THE TIF FUNDS FOR THAT BECAUSE WE BELIEVE THE TIF WILL ULTIMATELY GET THE BENEFIT, UM, FROM THIS FACILITY TO CATALYZE THAT 14 ACRES.
I DON'T WANNA MIS, I KNOW YOU JUST SAID IT AND I DON'T WANNA MISQUOTE YOU RIGHT AFTER YOU SAID IT, THE 14 ACRES IMMEDIATELY ADJACENT TO IT.
'CAUSE ANY VALUE PUT ON THAT PROPERTY WILL COME BACK INTO THE TIF TO YIELD TAXABLE VALUE AND,
[00:35:01]
YOU KNOW, SEED MONEY FOR FUTURE, YOU KNOW, CATALYST WITHIN THE ZONE.THANK YOU FOR REMINDING ME THAT AND WHAT THOSE FUNDS WOULD BE FOR.
AS YOU CAN IMAGINE WITH ANY BUSINESS, YOU CAN'T OPEN A BUSINESS DAY ONE WITHOUT SOME DUE DILIGENCE ON THE FRONT END.
SO THO THAT WOULD BE YOUR STARTUP COST FOR MARKETING.
UM, THEY ARE ALREADY AGGRESSIVELY GOING OUT AND LOOKING FOR PARTNERS TO PUT ON THE FIELDS, UH, YOU KNOW, BOTH FROM A TOURNAMENT STANDPOINT AND ALSO REGULAR USERS FOR THE DAILY, DAILY FEE REVENUE.
SO YEAH, THE, THE GOAL WOULD BE, YOU KNOW, MIKE, IT COULD BE, YOU KNOW, ANYWHERE FROM 250 TO 500,000 IN, UH, IMMEDIATE STARTUP.
THEY'VE GOTTA GET PERSONNEL ON SITE.
UH, THEY'VE GOTTA GET PEOPLE OPERATING IN THIS MARKET ON THE GROUND.
UM, SO WE, WE WILL, WE'LL BRING BACK THOSE DETAILS SOON.
SO WILL IT BE MORE TOURNAMENTS THAN LEAGUE? WILL THERE BE LEAGUE PLAY AS WELL? OR THERE'LL BE A MIX OF EVERYTHING.
UM, AND SO TOURNAMENTS, IT'S KIND OF A BROAD TERM.
THERE, WE, WE WOULD LIKE TO, AND I, AND I WANNA ALSO MAKE SURE I MENTION, UM, YOU MIGHT RECALL THE DISCUSSION INVOLVED, UH, INCORPORATING GARLAND SOCCER ASSOCIATION AND WINTERS PARK FIELDS TO REALLY MAXIMIZE THE TRAFFIC.
THOSE MEETINGS HAVE, WE HAVE HAD INITIAL MEETINGS WITH THEM.
WE HAVE OTHER, UH, MEETINGS SCHEDULED SOON TO NOW THAT WE KIND OF THINK WE KNOW WHAT KIND OF SCHEDULE WE CAN WORK INTO THEIR EXISTING SCHEDULE.
UM, AND SO THAT'LL OPEN UP OUR TOURNAMENT.
UH, SO WE, WE WANT TO HAVE A MIX OF BOTH.
SO, SO IF YOU THINK ABOUT IT, YOU'VE GOTTA HAVE A CERTAIN AMOUNT OF DAILY RENTAL TRAFFIC TO KEEP THE LIGHTS ON.
AND THEN YOUR ECONOMIC IMPACT IS GONNA COME WITH THE BIGGER EVENTS.
AND EVEN WITHIN THOSE EVENTS, YOU'VE GOT, UM, LOCAL, REGIONAL, YOU KNOW, NATIONAL AND EVERYTHING IN BETWEEN.
AND YOU'VE GOT DIFFERENT LEVELS OF TALENT.
AND THEY ALL, DEPENDING ON THE AGE GROUPS AND THE TALENT LEVEL, THEY MAY BRING DIFFERENT AMOUNTS OF HEADS AND BEDS.
SO, UH, TO SAY THAT THERE'LL BE LEAGUES WE DON'T KNOW YET.
UH, LARGELY WHAT THAT MIGHT BE IS THERE'S SO MUCH DEMAND, UH, BETWEEN ALL OF THE CLUBS AND OTHER LEAGUES THAT ARE OUT THERE.
AND THERE'S ALSO A BIG MERGER HAPPENING IN YOUTH SOCCER RIGHT NOW THAT WE'RE TRYING TO GET IN ON THE FRONT END OF THAT.
UH, SO WE THINK THAT WE WILL NOT HAVE ANY ISSUES WITH, WITH THE REGULAR USE OF IT, UM, TO SAY THAT THERE WILL BE LEAGUES RUN BY US OR OUR OPERATOR, WE DON'T KNOW YET.
UH, IT'LL BE MOSTLY, UM, THE, THE LEASING OF THOSE FIELDS FOR CLUB PLAY AND TOURNAMENTS.
I WAS WORRIED IF YOU DID LEAGUES THAT IT COULD PREVENT SOME OTHER OPPORTUNITIES FROM COMING ALONG.
ARE THEY HAVING ANY PROBLEMS WITH THE, UM, CURRENT SOCCER ASSOCIATIONS THAT ARE IN THE AREA? SO, GARLAND SOCCER ASSOCIATION HAS BEEN AROUND, I BELIEVE 50 YEARS.
PLAYED IN IT PROBABLY THAT MANY YEARS AGO,
UH, WE HAVE NO INTENTIONS OF, OF MAKING THEM FEEL LIKE THEY'RE BEING PUSHED OUT.
WE WANT THEM TO BE INCORPORATED.
AND SO WHAT WE, WHAT WE MAY END UP IS A IS A TIER SYSTEM.
YOU CAN'T LOSE YOUR RECREATIONAL LEVEL.
YOU GOTTA ACCOMMODATE THOSE KIDS AND THE PRICE POINTS THAT THEY CAN PARTICIPATE.
AND THEN YOU GOT THOSE THAT ARE GONNA BE A LITTLE MORE COMPETITIVE AND ARE, AND, AND ARE ABLE TO INVEST IN THAT.
SO WE'RE GONNA FIND A WAY TO INCORPORATE THEM, BUT AT THE SAME TIME, MAYBE GIVE THEM AN OPPORTUNITY TO GROW THAT THEY'VE LOST IN SOME OF THEIR NUMBERS.
YOU MIGHT RECALL THEY USED TO PLAY, THEY USED TO PACK WINNERS AND USE AUDUBON, UH, AS OVERFLOW.
AND THAT'S JUST NOT THE CASE ANYMORE.
SO WE'D LIKE TO BUILD THEIR NUMBERS BACK UP COMMINGLED WITH THIS OPERATORS, UM, EFFORTS.
AND SO THAT, THAT'S WHERE I THINK THEY WILL BENEFIT.
BECAUSE THE OTHER THING IS LET THIS OPERATOR DO THE THINGS THEY DON'T LIKE TO DO, THE ADMINISTRATIVE STUFF, THE DEALING WITH REFEREES AND THE, AND ALL THAT.
AND THEN LET THEM DO THE FUN STUFF, WHICH IS COAST THEIR KIDS.
DO WE KNOW WHAT THE ECONOMIC IMPACT FROM TAKING FROM, YOU KNOW, WINTERS PARK AND THAT AREA AND THEN MOVING IT NOW TO THIS LOCATION? IS THAT, IS THERE GOING TO BE, SO IT'S NOT BEING MOVED FROM ONE LOCATION TO THE OTHER, IT'LL BE SUPPLEMENTED.
SO THE THE THINGS THAT ARE HAPPENING ON THIS COMPLEX WILL BE DISTINCTLY DIFFERENT THAN WHAT'S HAPPENING AT WINTERS.
SO WE WOULD LIKE TO SEE WHAT HAPPENS AT THE NEW COMPLEX OVERFLOW INTO WINTERS.
'CAUSE THEY PROBABLY DON'T USE THE, BUT ABOUT 60% OF THE AVAILABLE SCHEDULE SLOTS.
MOST VOLUNTEER SPORTS ASSOCIATIONS WILL SCHEDULE WHAT'S CONVENIENT FOR THEM.
THEY'RE NOT PLAYING SUNDAYS, FRIDAYS, AND WEDNESDAYS.
AND THEN THEY, THEY'RE, AND SO THAT'S THE, THAT'S THE ISSUE.
THIS OTHER GROUP IS WILLING TO TAKE, YOU KNOW, KIND OF THE SLOP SLOTS, TAKE WHAT'S LEFT OVER AND BUILD A PROGRAM BECAUSE THE GOAL THAT'LL HELP GSA IS TO BUILD ENOUGH TRAFFIC TO HELP MONETIZE OR JUSTIFY INVESTMENT IN IMPROVING THE WINTERS PARK FIELDS.
THEY'RE, THEY'RE OLD, THEY DON'T DRAIN WELL, THEY'RE NATIVE SOIL.
UM, AND SO IT WOULD BE A WIN-WIN FOR EVERYBODY, BUT YOU CAN'T DO IT WITHOUT INCREASING TRAFFIC.
SO, LONG WAY OF ANSWERING, I DON'T KNOW WHAT THAT ECONOMIC IMPACT IS.
WE'LL PROBABLY KNOW BETTER ONCE WE START GETTING INTO THE PROFORMAS.
UM, BUT YOU CAN IMAGINE, I'LL GIVE YOU AN EXAMPLE.
PROBABLY WAY MORE DETAILED THAN YOU WANT, BUT THAT'S WHAT HAPPENED WHEN YOU ASK A OLD PARKS GUY,
[00:40:01]
THE HIGHEST LEVEL OF COMPETITION, UM, UH, FOR YOUTH.AND, AND THEY, IT'S VERY, VERY COMPETITIVE.
IT'S ALSO VERY EXPENSIVE TO BE IN, PARTICIPATE IN.
THERE'S SOME CLUBS IN THE AREA THAT KIND OF DRIVE THOSE TOURNAMENTS AND THEY'RE ALREADY EMBEDDED IN, IN OTHER COMMUNITIES, UH, THAT HAVE LARGER AMOUNTS OF FIELDS.
OUR, OUR HOPE THERE IS IS EIGHT IS THE MAGIC NUMBER TO BE ABLE TO GET AN AGE GROUP POD TO COME OUT OF LEWISVILLE, PLANO, DALLAS, ALL OF THE BIGGER SPORTS COMPLEXES.
AND SO THAT WOULD BE OUR AGE GROUP POD FOR SAY THAT BIG, THAT BIG TOURNAMENT.
AND THERE'S ALSO AN EVEN BETTER SWEET SPOT BETWEEN ABOUT NINE U AND 13.
YOU, THOSE GROUPS TEND TO TRAVEL FARTHER.
SO NOW YOU'RE GETTING THE OUT STATE FOLKS, WHETHER IT'S EVEN IN EAST AND L YOU DON'T GET A LOT OF TRAVEL WITH SEVEN AND EIGHT, EIGHT YEAR OLDS AND YOUNGER.
SO THAT'S WHERE WE WANT TO BE SO THAT WE CAN MAXIMIZE THOSE.
BUT, BUT IT'S GONNA TAKE US A LITTLE WHILE TO GET INTO THAT SPACE.
UM, AND THEN THERE WE'LL HAVE A LITTLE BETTER UNDERSTANDING OF, OF WHAT THAT ECONOMIC IMPACT IS.
IS THERE ENOUGH PARKING? THERE? IS THERE IS ENOUGH PARKING? WELL, OR ONE COULD SAY THERE'S NEVER ENOUGH PARKING, BUT WE, WE HAVE CALCULATED, YEAH, WE PARKING IN DOWNTOWN.
I THINK THERE'S PLENTY OF PARKING.
THERE'S PLENTY OF PARKING DOWNTOWN.
I'VE NEVER HAD, THAT'S NOT ON THE AGENDA BEHIND A PARKING SPOT.
WE, WE WANT, I'M BEING FACETIOUS.
WE NEED A PARKING PROBLEM DOWNTOWN, LET'S PUT IT THAT WAY.
SO, SO WE ACTUALLY DO CALCULATE THAT.
UH, WE'VE, WE'VE VETTED OUR NUMBERS THROUGH THE OPERATORS, THROUGH OUR CONSULTANT AND OUR ENGINEERS.
ESSENTIALLY WHAT YOU HAVE TO DO IS ON EACH FIELD YOU HAVE TO F FACTOR IN.
YOU DON'T JUST HAVE THE TWO TEAMS ON THE, THE FIELD.
YOU'VE GOT TWO TEAMS WAITING TO COME EXACTLY.
SO NOW YOU'VE GOT FOUR PLUS OFFICIALS, PLUS CONCESSION EMPLOYEES, PLUS GRANDPARENTS.
SO WE, THERE'S, THERE'S 628 SPACES OR SOMETHING LIKE THAT.
I CAN'T REMEMBER THE EXACT NUMBER.
WHAT ABOUT THE FUTURE COMMERCIAL SPACES? SO THEY WILL ACCOMMODATE THEIR OWN PARKING.
SO DEPENDING ON IF IT'S A, WE HOPE IT'S A HOTEL AND CONVENTION CENTER.
UM, DEPENDING ON, ON THE, THE RESPONSES WE GET, THEY WILL HANDLE THEIR OWN.
IF IT'S A MIXED USE MULTIFAMILY RETAIL, THEY WILL HANDLE THEIR OWN.
IF IT'S A PARKING GARAGE, WHATEVER THAT IS.
SO WE DID, WE DID NOT FACTOR THAT IN.
THEY'VE GOTTA HANDLE THEIR OWN.
AND THEY GET INTO ZONING AND THAT'S A MM-HMM
DID YOU SAY THE BIDS HAVE ALREADY CLOSED FOR THOSE? UH, SO THE, THE, THE BIDS FOR THE CONSTRUCTION, FOR THE SOCCER CLOSES, UH, FRIDAY.
AND THEN THE RFPI, WHAT IS TODAY'S DATE? IT, IT MAY CLOSE NEXT WEEK.
YEAH, I BELIEVE IT, IT MIGHT CLOSE SOMETIME NEXT WEEK.
IT, UM, WE EXTENDED IT TO MAKE SURE EVERYBODY HAD, IT WAS VERY COMPLEX TO, TO WRITE THESE THINGS.
SO, AND, AND THE ADJACENT PROPERTY THAT YOU'RE TALKING ABOUT IS IN THE WHITE WHERE YEAH.
WHERE IT SAYS FUTURE COMMERCIAL.
UM, AND SO WE WILL BE NEGOTIATING, YOU KNOW, THE, UH, THOSE DEALS, HOPEFULLY THE PRICE OF THAT LAND.
IF THEY'RE ASKING FOR ANY INCENTIVES, IF IT'S A CONVENTION HOTEL, WE'RE PROBABLY GONNA NEED TO GET INTO A STATE PROCESS TO ALLOW US TO ACCESS THE SALES TAX ASSOCIATED WITH THIS THAT WOULD OTHERWISE GO TO THE STATE.
SO THERE'S, IT'LL BE COMPLEX, BUT I THINK IT'LL BE, IF IT COMES TOGETHER, IT'S GONNA BE AMAZING.
SO THAT'LL BE WONDERFUL FOR GARLAND.
AND IT'S, AND IT'S ON AN INCREDIBLE CORNER THAT IT'S GONNA SEND A, A GREAT MESSAGE TO PEOPLE PASSING THROUGH HERE.
I THINK THE, I MEAN, WE HAVE TWO CONVENTION CENTERS, ONE NEXT TO THEWELL, THE CURTIS CALWELL.
I, I WOULDN'T CALL THAT I, IT'S NOT REALLY IN, IN OUR SENSE.
SO WHAT WE'RE DOING, WHAT, AGAIN, I DON'T WANNA DEVIATE FROM THE AGENDA.
THIS WOULD BE HOTEL SPACE WITH MEETING SPACE AS A PART.
OH, WELL, AS A-G-I-S-D POTENTIALLY, IF WE COULD HAVE A, A POTENTIAL INVESTMENT IN REDEVELOPMENT PROJECT, WE PROJECT THANK YOU.
OR OTHER, I FEEL BETTER NOW WRAP IT RIGHT BACK IN.
WITH WITHIN THAT COMMERCIAL SPACE, IT WITHIN THE ZONE.
SO THE, THE TYPE OF, UM, CONVENTION VISITORS SPACE THAT WE'RE TALKING ABOUT IS ABOUT 50,000 SQUARE FEET WHERE WE WOULD, WE CAN'T COMPETE WITH THE BIG MEGA ONES IN DALLAS, FORT WORTH, HOUSTON, ALL THOSE, THERE'S A SWEET SPOT OF PLACES THAT ARE LIKE ASSOCIATIONS WHERE WE COULD ACCOMMODATE, YOU KNOW, IN THAT 5, 6, 700 PARTICIPANT GROUP, UM, NEXT TO THE HOTEL.
IT'S A PERFECT PLACE WHERE PEOPLE CAN, THEY DON'T HAVE TO TRAVEL.
THEY'VE GOT EVERYTHING THEY NEED RIGHT THERE.
CURTIS CALDWELL'S, I WOULD CALL IT MORE OF AN EVENT CENTER.
UM, AND SO GISD AND IT'S GSDS AND THEY, THEY REALLY ONLY PROGRAM IT FOR BIG GIANT EVENTS, WHETHER IT'S A CONCERT OR, I'VE SEEN A LOT OF PROFESSIONAL WRESTLING EVENTS THERE.
THEY, THEY BUILT IT ORIGINALLY PROBABLY FOR ALL THE GRADUATIONS AND THEN BASICALLY HAD TO BOOK IT TO PAY FOR THE, THE EXPENSE.
SO THEY'RE, I DON'T THINK THEY'LL COMPETE.
AS A MATTER OF FACT, THEY COULD COMPLIMENT, UM, A LOT OF TIMES THEY'LL DO, UH, UIL CHEER AND VOLLEYBALL COMPETITIONS IN THERE, WHICH ARE HUGE.
SO I THINK IT'S A GREAT HOTEL WISE.
THERE'S LIKE A, THERE'S LIKE A SCATTERING ALONG.
WE HAVE VERY FEW, UM, AND WE ARE IN DESPERATE NEED OF HOTELS, PARTICULARLY ON THIS CORRIDOR.
BUT THE CHALLENGE IS YOU GO TWO EXITS DOWN AND YOU CAN COUNT 13 IN A ROW IN PLANO.
SO THOSE ARE DIFFERENT KIND OF HOTEL.
WE, WE THINK THAT OURS WITH THE CONVENTION SPACE
[00:45:01]
AND THIS EVENT SPACE MM-HMMPUTS US KIND OF IN A UNIQUE POSITION.
PUT THIS INTO PERSPECTIVE FOR US.
REMEMBER SAPPHIRE BAY WAS SUPPOSED TO ORIGINALLY GET THIS MM-HMM
THIS IS WHAT THEY HAD ENVISIONED.
AND ETTE REALLY KIND OF GOT THAT WAS, THAT ONE'S BEEN PROBLEMATIC.
SO THIS HAS EXCITING ON OUR END BECAUSE THEY CAN BE RIGHT ON ONE 90 AND COME TO US.
SO IT KIND OF REMIND, MAKES ME THINK OF AN, UM, MY KIDS WENT TO COLLEGE IN SAN MARCO AND THE EMBASSY SUITES THAT'S THERE.
MY SORORITY HAD A LOT OF THE EVENTS THERE.
THAT'S WHERE WE DID THE STATE UI OR THE, UH, PARENTAL INVOLVEMENT CONFERENCE, EVERYTHING ELSE.
AND THAT I'VE BEEN TO CONFERENCES THERE.
AND DANA LODGE, OUR DIRECTOR OF CBB HAS GOT SOME, SHE'S BEEN A FANTASTIC, SHE, SHE UNDERSTANDS THIS SPACE AND HAS REALLY IDENTIFIED A NICHE THAT WE CAN SERVE THAT, THAT WE WON'T COMPETE DIRECTLY.
UM, AND THAT HER TEAM SELLS TOO BIG, BUT IT'S JUST BIG.
AND THERE'S, THE OTHER END IS TOO SMALL THAT, YOU KNOW, MIGHT, IT'LL ENTERTAINS SMALL THINGS AND IT MIGHT BE A SPRINGFIELD SUITES OR WHATEVER FOR THAT'S, THAT'S NOT WHAT WE'RE, WE'RE TRYING TO DO.
WE WANT IT TO BE A LEGITIMATE, MEDIUM SIZED CONFERENCE SPACE TO ATTRACT THE, THE HOTEL HEADS AND BEDS AND ALL THAT.
UM, AND THE TOURNAMENTS RIGHT THERE, THAT'S HAS A YES MA'AM.
SO THE SOCCER DESIGN, IS THAT SIMILAR TO THE ONE IN MCKENNEY, THE NEW ONE THAT THEY HAD OR MAYBE A SMALLER VERSION OF? SO THE, IN TERMS OF FIELD COUNT, IT'S ON THE SMALL SIDE.
THAT'S ALL, THAT'S ALL THAT'LL FIT ON THIS SPACE.
UM, AND ALSO FIT WITH THE CONSTRAINTS THAT HOW WE PURCHASE THE LAND AND ALL THE THINGS LIKE THAT.
BUT THERE ARE, THERE ARE ARE ARE MAYBE FOUR IN THE METROPLEX THAT HAVE OVER 15, 12 TO 15 FIELDS.
UM, I'M NOT, I MAY NOT BE FAMILIAR WITH THE ONE YOU'RE REFERRING TO, BUT THERE, THERE'S SEVERAL.
SO WE WON'T BE IN, WE WON'T BE IN THAT LARGE SPACE.
UH, I CAN TELL YOU IN LEWISVILLE, UH, RAILROAD PARK, UH, IT'S SPONSORED BY TOYOTA.
IT'S MM I WANNA SAY 15 FIELDS OR SOMETHING LIKE THAT.
IT'S NOT A PARTICULARLY EXCITING DESIGN, BUT IT'S JUST A LOT OF FIELDS.
UM, SO THERE, THERE ARE THOSE, AND THOSE ARE, THOSE BIGGER SPACES TEND TO DOMINATE THE BIG TOURNAMENTS.
UM, BUT OUR OPERATOR FEELS CONFIDENT AND HAS HAD THE EXPERIENCE TO BE ABLE TO PULL SOME OF THOSE AGE GROUP PODS OVER TO US BECAUSE THE, IF YOU ASK ANY CLUB AND ALL THE PEOPLE THAT RESPONDED TO OUR RFP WERE CLAMORING FOR FIELDS.
IF WE BUILT A HUNDRED FIELDS IN THE METROPLEX, IT WOULDN'T BE ENOUGH.
YOU THINK ABOUT THAT AGE GROUP WITH THE RESIDENTIAL AROUND IT UHHUH WITH SAXY WILEY.
SO, AND WHAT'S COOL IS WHEN, WHEN, YOU KNOW, FOR THE GSA KIDS, UM, YOU KNOW, THEY'RE, WE'VE GOT, LIKE I SAID, THE, THE SHOW PITCH THAT'S HERE IN THE MIDDLE, YOU KNOW, THIS IS KIND OF A SHOWCASE FIELD.
UM, WE'VE TALKED TO GISD, THEY'VE BEEN INVOLVED IN THIS AND FROM, FROM DAY ONE.
SO THERE'S OPPORTUNITIES FOR THEM.
SO, YOU KNOW, IT'D BE COOL THAT THE GSA KIDS, WHAT I'D LIKE TO DO IS MAKE SURE THEY HAVE A SIGNATURE TOURNAMENT.
THEY USED TO, THEY STILL DO, BUT IT'S NOT THE SCALE THAT I THINK IT HAS THE POTENTIAL.
UM, IT'D BE KIND OF COOL THAT THEY'VE GOT THEIR OWN SHOWCASE TOURNAMENT AND IT'S ON BOTH SITES.
AND THEN AS YOU GO THROUGH THE BRACKET, THEY ALL FINISH UP HERE AND THEY'RE PLAYING ON THIS REALLY NICE, AMAZING, UH, CENTRAL SHOW PITCH.
I MEAN, IT'S HOW MANY FIELDS ARE AT THE GSA? DEPENDS ON THE AGE GROUP.
UM, IT PROBABLY TECHNICALLY COULD HOLD ANOTHER 12 FULL SIZE FIELDS AND FULL SIZE, MEANING TWO 40 BY 360 ON THE MAX.
IT'S RIGHT NOW STRIPED WITH ONLY TWO FULL-SIZED FIELDS.
AND THEN YOU'VE GOT, YOU KNOW, THE SHORT SIDE, WHICH IS YOUR DEVELOPMENTAL AGES, AND THEN YOU GOT A WHOLE BUNCH OF LITTLE DUDES ON THE, ON THE BOTTOM LEFT.
SO YOU CAN STRIPE IT IN MANY WAYS.
BUT I IDEALLY, WE WOULD LOVE TO BE ONE OF THE 21 OF THE CITIES THAT HAS ACCESS TO 20 FIELDS, AND THEY'RE LITERALLY TWO STOPLIGHTS AWAY.
ONCE NAMAN FOREST IS BUILT ALL THE WAY OUT, IT'S A PRETTY GOOD DEAL.
WHO OWNS THAT TOP CORNER UP THERE? WHICH ONE? THE TOP.
THAT IS, UH, SPRING CREEK CHURCH.
AND IT IS UNDER CONTRACT AT THE MOMENT, UH, FOR MULTIFAMILY.
I, I WAS LOOKING AT THE GOOGLE IMAGE AND I WAS TRYING TO PICTURE WHAT WAS THERE.
'CAUSE I WAS LIKE, I'S BEEN FOR SALE FOR A WHILE.
IT, IT'LL, IT'S BEEN FOR SALE FOR A WHILE.
UM, BUT THAT THEY'RE UNDER CONTRACT AT THE MOMENT.
FOR YEARS AND HAVE BEEN TRYING TO SELL IT.
THEY HAD SEVERAL IDEAS OF, THEY WANTED TO DEVELOP IT AND THEN JUST DECIDED IT WAS TOO MUCH BECAUSE I SAW THAT ROADWAY AND I WAS LIKE, THAT ROADWAY DOESN'T EXIST.
THIS WILL EXTEND BECAUSE THAT'LL CONNECT TO THE WHERE IT STOPS NOW.
SO THIS IS PART OF THE PROJECT.
THIS, THIS IS PART OF THE PROJECT THAT DOESN'T EXIST.
IS THAT NEIMAN? IT'S NAMAN SCHOOL GOING UP.
[00:50:01]
THE WAY THROUGH.SO THE BOTTOM, YOU COULD LITERALLY DRIVE DOWN HERE.
TAKE A LEFT AND YOU'RE IN WINTERS PARK.
BOTTOM BETWEEN THE FOUR FIELDS THERE.
THAT'S LIFETIME FITNESS WITH THE APARTMENTS ON THE LEFT HAND SIDE.
COMING OUTTA THERE AND YOU'RE LITERALLY A BLOCK AWAY.
I WAS JUST TRYING TO VISUALIZE, YOU KNOW, THAT AREA WITHOUT THAT ROAD THERE.
IT'S, AND YOU DON'T WANT TO, IN A TOURNAMENT, YOU DON'T WANT PEOPLE TRAVELING VERY FAR.
SO THIS IS REALLY THE BEST OF BOTH WORLDS WHERE THEY CAN, YOU KNOW, LITERALLY DRIVE TWO STOPLIGHTS IF THEIR, IF THEIR KID HAS A GAME ON ONE FIELD, THEY HAVE TO GO TO ANOTHER.
THAT, THIS MAKES WAY MORE SENSE NOW THAT I'M SITTING HERE.
'CAUSE I WAS LIKE, THAT ROAD IS REALLY THROWING ME OFF.
IT'S, IT'S COMING, BUT IT'S, I'M LIKE, THIS DOESN'T MAKE SENSE.
AND I KNOW THAT I'VE SEEN THIS IMAGE SO MANY TIMES, BUT YEAH, EVERY TIME I LOOK AT IT AND, AND, AND ANY OTHER QUESTIONS ON THE SOCCER FIELDS? NO, I'M EXCITED FOR IT.
AND THEN JUST IN GENERAL, AS OTHER THINGS THAT ARE IN THE TIFF, WE, WE ARE A CONSTANTLY LOOKING FOR OPPORTUNITIES RECEPTIVE TO OPPORTUNITIES GOING OUT AND RECRUITING FOLKS.
UM, SO WE ARE, WE ARE CONSTANTLY TRYING TO FIND WAYS TO, UH, UH, TALK TO, WE TALKED TO A DEVELOPER TODAY, UH, ABOUT SOME OPPORTUNITIES WHO'S A MIXED USE AND A AND MORE WHAT HE CALLED KIND OF A BOUTIQUE MULTIFAMILY, SMALLER SCALE THAT WOULD BE GREAT.
UH, WE SHOWED HIM THE 6 35 AREA.
IT'S A CHALLENGING LOCATION, UH, IN, IN ALL THE WAYS THAT WE KNOW, BUT WE ARE STILL ACTIVELY PUSHING HARD TO FIND PARTNERS FOR THAT.
UM, THE, THE HOSPITAL AREA WE TALKED ABOUT AND WE'RE, I'M HAPPY TO COME BACK AND DO A BETTER UPDATE ON THE, ON THE STREETSCAPE AND THE HOSPITAL.
BUT IN A NUTSHELL, WE DO HAVE THE KIND OF, I WOULD CALL IT A MASTER PLAN FOR THAT STREET SCAPE.
DEPENDING ON WHAT ULTIMATELY HAPPENS DOWN THERE, WE'D WANT TO TWEAK IT.
SO I DON'T KNOW THAT WE'D WANT TO GET A HUGE HEAD START AND START CONSTRUCTING THAT JUST YET, BECAUSE WE DON'T KNOW WHAT A HOSPITAL, UH, OR MEDICAL FACILITY FOOTPRINT WOULD LOOK LIKE.
BUT IT INCLUDES EVERYTHING FROM, UM, YOU KNOW, ALL THE UNDERGROUND UTILITIES, WIDENING NARROWING.
WE'VE BEEN MEETING WITH DART, TALKING TO THEM, MAKING SURE THAT THEY'VE GOT THEIR TURNING MOTIONS THEY NEED IN AND OUT OF THE VA.
UM, SO THOSE ARE ALL INCORPORATED.
SO IT'S ON THE SHELF READY TO GO WHEN WE HAVE A, A, A PARTNER.
WE'VE BEEN IN, UH, FREQUENT TALKS WITH PARKLAND, FREQUENT TALKS WITH, UH, PRIVATE DEVELOPERS.
THERE ARE SOME SIGNIFICANT CHALLENGES RELATED TO, UM, HOW WE PARTICIPATE WITH THE HOSPITAL BECAUSE IT'S IN PARKLAND'S TAXING JURISDICTION.
UM, WE ARE PROHIBITED, UH, BY STATE CONSTITUTION FROM PARTICIPATING DIRECTLY IN THE MEDICAL FACILITY, UH, WITH OUR FUNDS BECAUSE IT'S ALREADY, YOU'D BE, WE'D BE DOUBLE TAXING.
SO, BUT WE CAN CERTAINLY PARTICIPATE LIKE CRAZY ON ALL THE THINGS AROUND IT THAT CAN GET PEOPLE THERE.
AND THAT'S WHY WE HAVE A STREETSCAPE PLAN.
SO WE'LL BE HAPPY TO UPDATE THAT ONE ON MORE.
BUT WE ARE WORKING ON THAT ONE DILIGENTLY.
IT JUST DOESN'T, IT, IT'S NOT A NOISY PROJECT YET.
UH, JUST TO REMIND ME, UH, THIS IS, GO BACK TO SOCCER THING.
IS THAT SOCCER ALL YEAR ROUND OR IS IT JUST MM-HMM
SO IT PRIMARILY, THERE'S SPRING, IT'S A SPRING SPORT MOSTLY.
AND THAT STARTS IN FEBRUARY AND THEN IT'LL GO TILL ABOUT THE SUMMER.
YOU DON'T SEE A TON OF ACTIVITY IN THE SUMMER.
UH, AND THEN IT PICKS UP AGAIN IN THE FALL.
SO I WOULD SAY IT'S PROBABLY SIX
I WOULD, UM,
SO, UH, IT, IT, I WOULDN'T SAY IT'S YEAR ROUND, BUT IT'S CLOSE.
IT'S PROBABLY NINE TO 10 MONTHS DEPENDING ON WHAT IT IS.
SO SOME OF THE TOURNAMENT YOU, YOU'LL SEE THE BIG E, C AND L THE BIG TOURNAMENT SCHEDULE'S PRETTY HEAVILY PACKED AND IT PICKS UP AGAIN, YOU GOT A LOT OF ACTIV ACTIVITY IN THE FALL, PARTICULARLY OCTOBER.
YOU DON'T SEE ANYTHING REALLY FROM D UH, DECEMBER AND JANUARY.
UH, BUT IT'S, IT'S, I'D SAY NINE TO 10 MONTHS FOR SURE.
NOW YOU'VE ALSO GOT LACROSSE THAT WE CAN PROGRAM FOR.
WE COULD, WE COULD DO A LOT OF THINGS.
THEY'RE, THEY'RE, THEY'RE MULTIUSE.
IT JUST HAS TO MAKE OPERATIONAL SENSE AREA CROSS.
AND IT'S TO PLAY FIELD HOCKEY TOO.
WELL, AND WE COULD EVEN DO THAT.
I HAVE, I HAVE TWO NIECES IN, IN, UH, NEW HAMPSHIRE THAT PLAY FIELD HOCKEY.
WE CAN USE A SOCCER FIELD AND THAT WAY IT'S STILL CONTINUE TO BE JUST DIFFERENT STRIPING.
UM, YOU JUST HAVE TO MAKE IT OPERATIONALLY.
'CAUSE YOU KNOW, THERE'S SOME, THERE'S ON THE ARTIFICIAL TURF SIDE, THERE'S SOME BENEFIT TO HAVING PERMANENT STRIPING AND THEN YOU DO TEMPORARY FOR ALTERNATE SPORTS.
SO SOME OF THOSE DECISIONS HAVE TO BE MADE.
SO WE COULD, THE, THE TRICK IS, IS IS IT GROWING ENOUGH WHERE WE COULD TAKE ADVANTAGE OF IT? IT, I'D SAY IT'S GROWING IN NORTH CENTRAL TEXAS QUITE A BIT, BUT I THINK WE'RE GONNA BE PLENTIFUL WITH SOCCER.
WHAT ELSE? JUST TO CLOSE OUT ON THE MEDICAL, BUT I DID
[00:55:01]
THAT PLAN IS WHAT I WAS REFERENCING.AND, AND WE WILL, WE'LL SEE IF ANDY'S AVAILABLE FOR THAT OCTOBER MEETING.
SEE WE CAN TALK THROUGH IT AND GIVE YOU A MORE AHEAD, A DEEPER DIVE AHEAD ON YOUR CALENDAR.
MAKE SURE YOU GET THE CALENDAR INVITE
GIMME GOOD NEWS FOR MY DAUGHTER'S 21ST BIRTHDAY.
WE'RE GONNA HAVE A HOSPITAL WELL, WE, I'LL GIVE YOU ALL THE UPDATES THAT, THAT, THAT YOU'RE, THAT WE CAN HANDLE.
IN TERMS OF THIS TO CLOSE OUT THIS SLIDE.
AND THANK YOU ANDY, FOR KIND OF COVERING YEP.
EVERYTHING I ASKED PLUS SOME
THANK YOU FOR DEALING WITH US.
SO A LOT OF THAT WILL FALL INTO THIS, THAT KIND OF GENERAL BULLET OF, YOU KNOW, OF COURSE WE HAVE THE KNOWN OF THE, GOING THROUGH THE RFP WITH A THIRD PARTY OPERATOR.
WE'LL MAKE SURE THAT THOSE UPDATES COME BACK TO THE BOARD AS STAFF FINALIZES THAT PROCESS.
IF THEY'RE MAKING ANY RECOMMENDATIONS TO COUNCIL AS WELL AS THIS BOARD.
UM, IF IT DOES, IF IT FALLS OUTSIDE OF OUR TYPICAL MEETING TIME, WE'LL SEND YOU AN EMAIL AND, AND SEE IF THERE'S A NEED TO MEET ON AN AD HOC BASIS OR IF WE JUST WANNA HANDLE BUSINESS VIA EMAIL.
UM, JUST SO THE BOARD'S IN THE KNOW ON ANY UPDATES AS IT RELATES TO THAT AS SPEC SPECIFICALLY IF THERE IS A REQUEST TO UTILIZE TIF FUNDS FOR ANY EXPENDITURES ASSOCIATED WITH THAT.
UM, AND THEN KIND OF TO THAT OTHER GENERAL POINT, INVESTMENT AND REDEVELOPMENT PROJECTS AND OR INCENTIVES IN THE ZONE.
UM, WE KNOW HAD THE RFP FOR THAT COMMERCIAL AREA IMMEDIATELY ADJACENT TO THE SOCCER FACILITY, UM, IS VERY RARE IN FOR MOST CITIES, AND PARTICULARLY IN GARLAND, ALTHOUGH IN NORTH GARLAND, JUST BECAUSE OF THE DEVELOPMENT THAT'S HAPPENING ALONG PRESIDENT BUSH TURNPIKE AND ESPECIALLY NORTH.
UM, IT HASN'T HAD TO BE, BE AS INCENTIVIZED, BUT THERE'S TYPICALLY AN INCENTIVE ASK AS IT AS YOU LEAVE THAT RFP PROCESS AND ALL OF THAT'S NEGOTIATED, UM, REALLY IN AN EXECUTIVE SESSION TYPE LEVEL.
UM, BUT WE CAN MAKE SURE WHEN APPROPRIATE THOSE, THOSE UPDATES COME TO THE TIF BOARD.
UM, WE HAVE BEEN WORKING WITH OUR CITY ATTORNEY TO ATTORNEY'S OFFICE TO, UM, GET THE KIND OF THE MECHANICS IN PLACE TO DO AN EXECUTIVE SESSION WITH A TIFF BOARD.
WE HAVE THE GREEN LIGHT TO DO THAT IF THERE WAS ONE NEEDED.
UM, I THINK THIS BOARD IS KIND OF WHAT SPARKED THAT CONVERSATION BECAUSE THERE ARE A LOT OF EXECUTIVE, UM, SESSION LEVEL DISCUSSIONS HAPPENING AT THE COUNCIL THAT THIS BOARD DID NOT RECEIVE ANY UPDATES, UM, ABOUT, AND IT WAS CONSIDERING THE USE OF THE FUNDS AND, YOU KNOW, KIND OF AN OBLIGATION FOR THE, THE TIF THAT YOU WERE ASKED TO, TO OVERSEE AND MANAGE.
UM, AND SO WE'VE GOTTEN THE KIND OF THE PROCEDURES IN PLACE FOR THAT.
UM, WE WOULD HAVE REPRESENTATION FROM LEGAL HERE.
EVERYTHING WOULD BE CLOSED DOOR.
WE WOULD ASK YOU NOT TO RECORD OR SHARE THE INFORMATION BEYOND THAT SETTING.
SO, UM, SHOULD ANY OF THESE, YOU KNOW, NEGOTIATIONS OR RFPS NECESSITATE SOMETHING LIKE THAT, WE CAN WORK WITH YOU, UM, TO GET ALL THAT IN PLACE AND, AND MAKE YOU AWARE IN ADVANCE.
SO, UM, AND, AND KEEP YOU INFORMED IN A TIMELY MANNER ON THOSE, ESPECIALLY IF COUNCIL'S CONSIDERING TAKING ACTION, UM, AND UTILIZING ANY OF THE TIF FUNDS FOR, FOR THOSE OPPORTUNITIES.
UM, AND THE SAME WOULD HOLD TRUE FOR THE MEDICAL DISTRICT.
UM, AND IN SOUTH GARLAND, THOSE AREN'T FORGOTTEN AREAS OF THE ZONE.
THEY JUST, I WAS JUST ING TO SAY ONE THING THAT YOU NEED TO REMEMBER HERE IS WE ARE A PENDULUM.
MOTION HAS SWUNG NORTH RIGHT NOW.
NO, WE WILL, WE WILL SWING SOUTH WHENEVER SOMETHING COMES UP.
UM, THE OTHER THING THAT I WANT TO SAY THERE IS KEEPING ALL OF THIS IN PERSPECTIVE MM-HMM
THREE QUARTERS OF A MILE AWAY.
I THINK WE ARE LITERALLY GOING TO BECOME ONE OF THE MORE ACTIVE TIFFS IN THE NEXT YEAR.
JUST BECAUSE THIS, THIS IS, I THINK THIS IS GONNA DO WHAT DOWNTOWN DID.
THAT'S WHICH WOULD BE AWESOME.
YOU KNOW WHAT I'M HOPING THAT SOUTH, THE SOUTH 6 35 AREA JUST, YEAH.
IT, IT'S ALREADY JUST, WE JUST GOTTA GET RID OF OUR CERTAIN THINGS.
THE, THE CLEANUP HAS BEEN AMAZING THOUGH.
UM, AND, AND ANDY RAN OUT BEFORE WE COULD ASK HIM MORE QUESTIONS.
HE GOT LEFT
UM, OUR, UH, FACILITIES DEPARTMENT AND ECONOMIC DEVELOPMENT DEPARTMENT ARE WORKING ON KIND OF THE, UM, OF ALL THE LAND THAT WE HAVE INQUIRED,
[01:00:01]
I THINK, I BELIEVE WE SHOWED THE MAP IN THE APRIL MEETING, UM, WORKING THROUGH THE DEMO KIND OF SPEC FOR THAT AND KIND OF DETERMINING OUR NEXT STEPS.DO WE COMPLETELY, UM, OF COURSE DEMO THE VACATED PROPERTIES DOWN? DO YOU TAKE IT DOWN TO CONCRETE? DO YOU TAKE IT EVEN FURTHER THAN THAT? DO YOU FENCE IT? THEY'RE WORKING THROUGH THAT FROM JUST A KIND OF A SAFETY AND CONTROL AND LIABILITY PERSPECTIVE.
UM, THERE'S NOT A FINANCIAL ASK FROM THE TIFF AT THIS POINT, UM, BUT IT IS TO GET THAT PROPERTY IN THAT AREA READY FOR WHETHER IT'S DOING A, A FORMER RFP OR FIGURING OUT WHAT THOSE NEXT STEPS.
I MEAN, I KNOW THE ECONOMIC DEVELOPMENT DEPARTMENT'S SHOWING IT TO DEVELOPERS TRYING TO, TO DRIVE INTEREST.
SO, UM, THAT, JUST PUTTING THAT ON THE HORIZON, THAT THERE MAY BE A PROCESS FOR THAT AND QUESTION AND YES.
BUT DO WE KNOW WHEN THE CONSTRUCTION CREWS ARE GOING TO VACATE THE OLD HYPERMARKET SPACE? OH GOSH.
I LISTENED TO THE 6 35 UPDATE.
I, THAT WOULD JACKET MAY, I MEANT TO LISTEN TO IT AND I DIDN'T.
UH, IT WAS, I THINK IT WAS THE FIRST MEETING IN MAY.
I, I WANNA SAY THEY SAID THE END OF THIS CALENDAR YEAR.
UM, BUT I'M REALLY, I KNOW THEY'RE STILL WRAPPING UP SOME STUFF ALONG THE REST, BUT I REALLY WANNA SAY THEY SAID THE END OF THIS CALENDAR YEAR.
BUT LET, I WILL CHECK THE MINUTES AND I CAN GET THAT AS AN ACTION ITEM TO Y'ALL VIA EMAIL.
I CAN EVEN GET YOU THE TIME TO THE TIMESTAMP IF YOU'RE INTERESTED.
I'M CURIOUS AS TO JUST, YOU DON'T TIMING.
IT DOESN'T HAVE TO BE FOUR MORE OR ANYTHING.
I'M JUST YEAH, IT WAS JUST BECAUSE I KNOW THEY'RE LITERALLY WRAPPING UP YES.
AND SOME LANDSCAPING AND BEYOND THAT, NOW THEY'RE MOVING FURTHER EAST.
SO THERE'S STUCK, BUT, BUT THAT, THAT WAS NOT A PART OF OUR PLAN.
SO WE DON'T WANT THEM THERE ANY LONGER THAN THEY HAVE TO BE.
YEAH, I JUST, COUNSEL DID ASK THAT EXACT QUESTION AND THEY RECEIVED AN ANSWER.
I JUST NEED TO CONFIRM THAT IT WAS AT THE END OF THIS CALENDAR YEAR.
I, I THINK THAT I WILL CONFIRM.
I WAS JUST LIKE, THAT'S WHAT I HEARD.
BUT AT THE SAME TIME, I'VE HEARD A LOT OF THINGS.
IF YOU GET AN EMAIL FROM ME, IT WILL HAVE THE CORRECTED DATE.
SO I'M, I'M PRETTY SURE BASED ON THEIR CONSTRUCTION PLANS AND FINISH OUT AND DEMOBILIZATION EFFORTS.
DO YOU HAVE ANYTHING ELSE ON THREE C? I DO, I DO ACTUALLY.
BECAUSE NOW WE'VE KIND OF MOVED INTO FOUR ON ACCIDENT, MY BAD
UM, SO JUST AS A REMINDER, AS I MENTIONED EARLIER, WE'RE WORKING ON UPDATING THE, THE FULL PROJECT FINANCING PLAN.
THAT LARGER DOCUMENT, UM, WITH THE GOAL TO GET THAT BACK TO THE BOARD FOR REVIEW AND THEN CONSIDERATION AND ULTIMATELY APPRO, UH, A RECOMMENDATION TO TAKE THAT TO CITY COUNCIL FOR THEIR APPROVAL.
UM, THE THOUGHT WAS TO DO THAT BY 2027 JUST BECAUSE WE HAVE EXPENDITURES WE'RE INCLUDING IN THE NEXT FISCAL YEAR BUDGET THAT AREN'T IN THAT INITIAL PLAN.
SO FROM A ADMINISTRATIVE PERSPECTIVE, UM, I WOULD LIKE TO GET AN UPDATED PROJECT AND FINANCING PLAN DONE IN THE SAME FISCAL YEAR WHERE WE'RE DEVIATING FROM THE PROJECT AND FINANCING PLAN THAT CURRENTLY EXISTS.
UM, BUT THERE MAY BE SOME DEVELOPMENT OPPORTUNITIES, AS ANDY WAS HINTING, THAT MAY DELAY THAT.
I'LL BRING THAT BACK TO THE BOARD IF I ANTICIPATE ANY SCHEDULE CHANGES.
BUT IT'S MY INTENT TO TRY TO GET THREE TO SIX MONTHS.
SO YES, THREE TO SIX MONTHS, HOPEFULLY NOT NINE, BUT
SO LOOKING AT OUR REVENUE ASSUMPTIONS, AND THIS WILL KIND OF GET US INTO THE FINAL ITEMS. UM, WE HAVE THAT ONE, ONE AND A HALF PERCENT GROWTH JUST ON OUR TAX, OUR TAXABLE VALUE OUT FOR THE MEDICAL DISTRICT, THE NORTH SOUTH BASE, THAT HOLFORD PROJECT, UM, BASED ON THE ECONOMIC IMPACT STUDY THAT WAS BASED ON A, SOME AMOUNT OF SOCCER REDEVELOPMENT ON IN THAT ADJACENT COMMERCIAL PROPERTY.
WE HAVE WHAT WE FELT WAS A VERY CON CONSERVATIVE ESTIMATE FOR THAT, ABOUT 75 MILLION IN VALUE.
UM, WE PUSHED THAT OUT TO 2030.
UM, BUT AT THIS TIME, YOU KNOW, WE'RE NOT BASING ANY EXPENDITURE DECISIONS ON THAT.
UM, IT'S JUST FOR PROJECTION PURPOSES FOR THE DATA CENTERS IN THE NORTH SIDE OF THE TIFF.
UM, WERE, UH, PROJECTING, THEY WERE PROJECTING TO
[01:05:01]
PUT ON THE GROUND ABOUT 840 MILLION IN TOTAL VALUE OVER THEIR FUTURE PHASES.UM, BUT WE'VE ONLY ASSUMED 35% OF THAT, JUST NOT KNOWING EXACTLY WHEN ALL THOSE PHASES WILL BE FULLY BUILT OUT.
UM, AND THEN IN TERMS OF SOUTH GARLAND, UM, THERE IS AN INCREASE IN THE TAX BASED CONTEMPLATED FOR REDEVELOPMENT OF THAT SITE BY 2030.
BUT WE'VE ONLY TAKEN ABOUT 35% OF THAT.
AND THAT'S JUST ASSUMING, YOU KNOW, BY THAT POINT WE'VE SCRAPED THE SITE, WE'VE DONE DESIGN, WE'VE GOTTEN AN RFPI BELIEVE THE I COUNCIL'S CURRENT, UM, IDEAS FOR THAT, NOT THAT IT'S BEEN DISCUSSED THOROUGHLY.
UM, IS SOME AMOUNT OF MULTI RESIDENTIAL MIXED USE KIND OF COMMERCIAL, SOME AMOUNT OF DESTINATION ATTRACTION.
UM, 'CAUSE IT'S RIGHT ON THAT BORDER WITH DALLAS AND RIGHT ALONG 6 35.
BUT I'LL LIKELY GO JUST GIVEN THE SIZE OF THE PROPERTY THROUGH SOME FORM OF RFP PROCESS TO SEE, UNLESS, UM, WE GET LUCKY AND SOMEONE APPROACHES US WITH AN EXCELLENT IDEA, WE CAN ALWAYS HOPE THAT A HUNDRED MILLION THAT DOESN'T, THAT'S NOT INCLUDING ANY EXISTING BUSINESSES OR IS THAT EXISTING? NO, THAT'S NOT INCLUDING EXISTING, NOT INCLUDE.
SO, UM, SO THIS WOULD JUST BE ANY, WE BROUGHT THAT ONE IN AT THE RIGHT TIME TOO.
UM, AND HOW MUCH OF THE DATA CENTER IS FINISHED OUT RIGHT NOW? WHAT, WHAT ARE WE AT COM IN COMPARISON TO THE 840 MILLION IN VALUE? I BELIEVE ONLY, LET ME LOOK AT MY CHEAT SHEET.
I THINK ONE OF THEM, DIDN'T THEY JUST TALK ABOUT IT TOO AT COUNCIL OR SOMETHING? YEAH, I CAUGHT, YOU SAID ON THE ECONOMIC IMPACT OF DATA CENTERS.
I'M NOT SURE IF THEY TALKED ABOUT THE PHASING OF IT.
SO IF YOU ARE INTERESTED IN THE ECONOMIC IMPACT OF DATA CENTERS, THAT WAS REALLY GOOD.
I JUST WANTED, IT WAS, I WAS JUST, NOBODY SHOWED UP FOR IT.
I KNOW ONE PERSON JOKE AND EVERYBODY'S ALL AGAINST IT, BUT THEY DON'T EVEN KNOW WHAT THEY'RE AGAINST.
IT'S ALL RUMORS AND THEY'RE AGAINST THE BUZZWORDS.
TEXAS REALTORS JUST RELEASED, UM, INFORMATION ON DATA CENTERS AND, UM, IMPACTS AND HOW TO LOOK AT THEM FROM A REALTOR STANDPOINT, UM, LIKE THE DAY BEFORE OR THE SAME DAY AS THAT.
SO I CAN'T REMEMBER IF THESE ARE EVEN THE CURRENT BUSINESS NAMES 'CAUSE THEY CHANGED THE, THE NAMES.
UM, BUT WHAT WAS NTT? UM, I BELIEVE THEY'RE FULLY BUILT OUT.
AND THEN DIGITAL, WHICH I BELIEVE HAS CHANGED NAMES.
IT WAS DIGITAL REALTY, I BELIEVE IT'S CHANGED NAMES NOW.
UM, THEY HAD, UH, INITIAL PHASE ONE AND THEN THEY WERE PROPOSING UP TO FIVE PHASES.
AND WE HAVE THAT STAGGERED WAY OUT OVER THE LIFE, JUST NOT KNOWING THE CERTAINTY OF THEM BUILDING OUT ALL FIVE PHASES.
I BELIEVE WHAT THEY'VE STARTED BREAKING GA GROUND ON WOULD BE CONSIDERED THEIR PHASE TWO.
BUT I WILL CONFIRM, UM, OUR ECONOMIC DEVELOPMENT DEPARTMENT WILL KNOW EXACTLY WHERE THEY'RE AT BASED ON WHAT THEY REPORTED AS THEY'RE PHASING VERSUS THERE.
YOU'RE THE ONES CLOSEST TO CAMPBELL, CORRECT? I BELIEVE SO.
I REALLY THINK THEY'RE ON PHASE PHASE TWO BECAUSE MY, FOR THEM, YEAH.
WE'LL NEED TO CONFIRM THAT THAT STILL ALIGNS WITH THE INITIAL PHASE AND THEY HAVEN'T MODIFIED THAT.
WHICH, BUT I, I'M NOT AWARE OF THAT CHANGE.
I BELIEVE THIS IS PHASE TWO AHEAD OF SCHEDULE JUST STARTING.
THEY ARE, THEY ARE AHEAD OF SCHEDULE.
SEE, I'VE, I'VE CAUGHT AND THEY'RE AHEAD OF OUR TIFF PROJECTIONS.
SO THAT WHEN THAT THIRD ONE THAT'S PROPOSED OR THAT ONE'S ALREADY IN THE WORKS, I THOUGHT IT'S APPROVED, BUT IT'S JUST SITTING THERE.
NOT A PART OF OUR ASSUMPTIONS.
BUT YOU AREN'T FACTORING THOSE.
I'M FACTORING THAT AND I'M EXTREMELY CONSERVATIVE AND OVER A LONG, LONG, LIKE OUT 10 YEARS ON THOSE FUTURE PHASES MA MATERIALIZING.
SO THE FACT THAT PHASE TWO'S ALREADY STARTED WILL COME IN SOONER THAN WHAT'S PROJECTED IN THE MODEL.
AND THEN IF THEY MOBILIZE ON ANY OF THOSE ADDITIONAL PHASES SOONER THAN IS, IT'S LIKE RIVER SET.
RIVER SET WAS NOT SUPPOSED TO BE DONE MM-HMM
UNTIL NEXT YEAR AND THEY FINISHED OUT LAST YEAR.
SO THE, THE ENVIRONMENT IS RICH FOR GROWTH MM-HMM
AND THEY'RE CAPITALIZING ON IT
[01:10:01]
WHILE THEY CAN, WHICH IS NICE FOR US.AND IT GOES BACK TO THE KIND OF THE, THE THOUGHT BEHIND THE EXTENSION AND EXPANSION OF THIS ZONE IS WE HAVE A LOT OF DEVELOPMENT ALREADY INCURRING IN THE NORTH.
LET THAT BE AN ANCHOR NOT ONLY FOR THAT NORTH PROJECT WITH ALL THAT DATA CENTER DEVELOPMENT, BE AN ANCHOR FOR THAT, BUT ALSO IT COULD BE AN ANCHOR FOR FUTURE MEDICAL DISTRICT, FUTURE SOUTH.
ANY MAJOR DEVELOPMENT BACK SOUTH COULD FEED BACK UP.
I MEAN, THERE'S LOTS OF SYNERGY WITHIN THESE THREE MAJOR ZONES OF OUR CITY, UM, THAT ARE A, A, A PRIORITY AND FOCUS RIGHT NOW.
I WILL SAY IN MY YEARS ON THIS, WATCHING MATT WATSON'S PROJECTIONS AND THEN SEEING THEM COME HERE, THAT'S WHY I WANTED TO SEE WHENEVER THE TAX VALUES HIT, RIGHT? MM-HMM
BECAUSE THEY'RE REALLY CONSERVATIVE AND USUALLY YES, IT COMES A LOT MORE IN OUR FAVOR.
I'D RATHER BE ON THE CONSERVATIVE SIDE AND I'VE BEEN BROUGHT UP UNDER THAT SAME STYLE, SO THERE'S NO CHANGE.
I WOULD RATHER OPERATE WITHIN MY BUDGET AND NOT HAVE TO CUT UNDER PROMISE AND EVER DELUSION.
I, MY MINDSET, MY MOTTO AT WORK IS LEAN AND GREEN.
I WANT TO BE AS LEAN AS POSSIBLE AND MAKE AS MUCH MONEY AS POSSIBLE.
I LIKE BLACK GEEK ON SPREADSHEET,
WHEN YOU'RE CONS COMMITTING THE, YOU KNOW, A CITY AND THE COUNCIL AND SURE WE'RE SPENDING TOO EVERYTHING TO A LONGER TERM PROJECT OR OBLIGATION, YOU WANNA MAKE SURE THAT IT WILL MATERIALIZE.
AT LEAST SERVE THAT OBLIGATION.
YOU KNOW, WE'RE TASKED WITH BRINGING A BALANCED BUDGET ON AN ANNUAL BASIS.
AND SO THAT, THAT'S OUR GOAL IS THAT WE'RE BRINGING A BALANCED BUDGET AND CAN AS ALL OUR COMMITMENTS.
SO, UM, AND WHAT IT SAYS, PLEASE SEE THE HANDOUT DO THE SIZE.
IT WAS, IT WAS GOING TO BE TOO HARD TO PUT THIS ON THE SLIDE, SO, UM, I WON'T MAKE YOU LOOK AT EVERY NUMBER.
I KNOW WE HAVE AT LEAST ONE NUMBERS PERSON ON OUR TIF FOUR AND I DON'T KNOW WHO THAT IS.
UM, THERE MAY BE MORE OF YOU AMBER'S JUST OUR MOST VOCAL
UH, THIS WHAT THIS IS SHOWING AND I HAVE, WHAT IS THE PROJECTED FOR 2026 HIGHLIGHTED? UM, 'CAUSE THAT'S AT THAT 85%, UM, IS, YOU KNOW, THE, THE VALUE YOU SEE THAT ORIGINAL VALUE, UH, COLUMN.
THEN YOU HAVE, YOU KNOW, THE FIRST EXPANSION, ANY NEW CONSTRUCTION THAT GETS YOU TO THE TOTAL TAXABLE VALUE, YOUR INCREMENTAL VALUE FROM THAT, AND THEN YOUR CITY, UM, TAX REVENUE.
WE HAVE THIS BROKEN OUT ON PAGE ONE.
HERE IS YOUR MEDICAL DISTRICT PORTION OF THE TIF.
UM, WHAT THAT'S LOOKING AT YIELDING IS ABOUT, UM, 1.5 IN INCREMENTAL REVENUE FROM THE MEDICAL PORTION OF THE TIF FOR THE UPCOMING YEAR.
UM, NOT TO RUSH YOU, BUT JUST MOVING TO PAGE TWO, I HEARD SOME PEOPLE FLIP.
WE CAN ALWAYS GO BACK AND FORTH BETWEEN THE PAGES IF YOU HAVE QUESTIONS.
UM, UH, WE HAVE THIS NORTH AND DOWN SHILOH ROAD SOUTH DOWN SHILOH ROAD EXPANSION.
UM, YOU RECALL THAT BASE YEAR STARTED LATER.
SO THAT'S WHY YOU SEE THAT NEGATIVE FIVE IN THE YEAR.
UM, YOU'RE LOOKING AT ABOUT 3 MILLION GENERATED FROM THE NORTH SOUTH PORTION OF THE TIFF.
AND YOU CAN SEE JUST THE INCREMENT CUMULATIVE GROWTH JUST FROM THIS ZONE OF THE TIFF LARGELY BUILT FROM THE DATA CENTER ACTIVITY AS WELL AS SOME OTHER, UM, DEVELOPMENT ACTIVITY WITHIN THAT AREA.
AND THEN FINALLY ON THIS THIRD PAGE IS THE COMBINED FOR THE TOTAL TIFF FOR ALL THE REVENUES.
AND THEN LOOKING AT THIS LAST PAGE ON SCHEDULE SCHEDULE FOUR, UM, THIS IS THE START OF HAVING THE KIND OF HIGH LEVEL OVERALL PERSPECTIVE.
AND WHEN WE COME BACK, I'LL HAVE ALL THE DETAIL APPENDICES BEHIND THIS UPDATED, UM, IN A PRINT FRIENDLY PUBLIC CONSUMPTION WAY.
UM, BUT WHAT THIS IS SHOWING, IT IS SHOWING YOUR TOTAL REVENUE IN BY YEAR, UM, BASED ON JUST THE, UM, SOME REAL EXPENDITURES THAT ARE PLANNED SUCH AS THE GNA, THE UM, UH, THE UM, INCENTIVE AGREEMENT AS WELL AS THE DEBT SERVICE.
THOSE ARE FACTORED IN THAT KIND OF, THOSE MIDDLE TWO COLUMNS FOR MEDICAL DISTRICT AND NORTH SOUTH.
BUT WHAT'S ALSO IS IN THERE IS JUST SOME PLANNED BUCKETS JUST ON A JUST
[01:15:01]
BLANKET AMOUNT PER YEAR JUST TO SHOW WHAT WAS PREVIOUSLY IN THE 2025 JUST AMOUNT PER YEAR.I'VE NOT CHANGED THOSE ASSUMPTIONS, BUT THOSE ARE ASSUMPTIONS.
WE'LL REVIEW AGAIN WHEN WE MEET AS A BOARD AND GO OVER THAT PLAN AND I'LL GET ANY FEEDBACK FROM YOU ALL.
UM, AS WELL AS WE'LL BRING BACK ANY UPDATES OUR ECONOMIC DEVELOPMENT DEPARTMENT MAY HAVE IN TERMS OF TIMING.
IF WE NEED TO SHIFT ANY OF THOSE ASSUMED, UH, EXPENDITURE OUTLAYS FORWARD FOR ANY, YOU KNOW, PENDING ACTIVITY ON THE HORIZON OR IF WE WANT TO DISCONTINUE SHOWING THEM JUST OUT IN THE FUTURE AS JUST PLACEHOLDER OF AT SOME POINT WE'LL HAVE A PROJECT WHERE WE'LL MOBILIZE THOSE DOLLARS.
UM, SO THAT GETS YOU TO JUST UNDER THE, UH, AND JUST THE STARTING DRAFT IS YOUR, YOU KNOW, YOUR BEGINNING BALANCE AND THEN YOUR ENDING FUND BALANCE.
SO YOU'LL SEE RIGHT NOW, JUST BASED ON GROWTH IN THE PROPERTY VALUES AS WELL AS JUST NOT YET REPROGRAMMING SOME OF THE SAVINGS ASSOCIATED WITH US CHANGING THE SOCCER FACILITY PROJECT AND THE TIFF'S OBLIGATION.
UM, WE HAVE A FUND BALANCE REMAINING AT THE END OF THIS TIFF TERM THAT WHEN WE DO THE UPDATED PROJECT AND EXPENDITURE PLAN, WE'LL WANT TO SHOW THAT GOING INTO SOME PLANNED EXPENDITURE THAT DOES NOT OBLIGATE US TO DO A VERY SPECIFIC ACTIVITY.
WHAT THAT LOOKS LIKE IS WE WANT TO DO INCENTIVES IN THIS AREA OR WE WANT TO BE INVOLVED IN, YOU KNOW, CATALYZING REDEVELOPMENT IN THIS AREA.
AND IT'S A, IT'S A BROADER BUCKET.
AND THEN ANY ACTUAL APPROPRIATION OF THOSE FUNDS WOULD COME BACK THROUGH THIS TO TIFF BOARD AND WOULD GO ULTIMATELY THROUGH THE CITY'S BUDGET PROCESS.
SO THERE WILL BE LOTS OF OPPORTUNITIES FOR THE BOARD TO WEIGH IN ON BEFORE ANY EXPENDITURES GET PROGRAMMED OR COMMITTED.
UM, THIS WOULD JUST BE A PLAN OF THIS IS WHERE WE LIKE TO USE OUR DOLLARS OVER THE LONG TERM PART, UH, LIFE OF THE TIFF.
AND SO WITH THAT, THAT IS THE END OF MY INFORMATION AND I'M HAPPY TO TAKE ANY QUESTIONS UM, YOU MAY HAVE ON THIS.
AND OF COURSE THIS WILL NOT BE THE END OF OUR DISCUSSION ON THESE HANDOUTS.
UM, AND KIND OF THE EVOLUTION OF WHERE WE WANT TO KIND OF PRIORITIZE OUR, OUR EXPENDITURES FOR THE LIFE OF THE TIFF.
ANYBODY HAVE ANY QUESTIONS? ALRIGHT.
THANK YOU FOR ALL IT WAS THERE INFORMATION? YEAH.
THANK YOU FOR PUTTING UP WITH US.
THANK YOU FOR PUTTING UP WITH AMBER
ALWAYS HAPPY TO ANSWER ANY QUESTIONS.
I'LL EVEN YOU HAVE YOU ALL TIME.
AND IF I DON'T KNOW, I'LL FIND OUT.
SO FUTURE AGENDA ITEMS. THIS ONE'S ALWAYS FUN.
WE GOT INTO IT A LITTLE, BUT YES.
IS THERE ANY, ANYBODY HAVE ANYTHING THEY WOULD LIKE TO HEAR MORE OF? MM-HMM
AND THEN YOU ALSO, JUST A QUICK QUESTION.
THAT IS THE STREET SCAPE IS IN THE, THAT'S IN THE MEDICAL CENTER? NO, IT'S IN THE TEAMS CHANNEL.
IT'S IN THE TEAMS. YOU YOU'RE TRYING TO NO, NO, NO.
SO DID YOU, DID YOU LOOK AT THE ORIGINAL DEAL THAT THEY DID ON IT WITH THE STREET SCAPING AND WHENEVER THEY SHUT IT DOWN AND THEY HAD THE UM, FOOD TRUCKS AND EVERYTHING ELSE ON EACH SIDE OF CLARA BARTON? UH, I VAGUELY REMEMBER THE FOOD TRUCK IDEA, BUT I DON'T REMEMBER ACTUALLY SEEING THEY HAD AN ACTUAL EVENT DOWN THERE.
I DIDN'T WHERE THEY SHOWED WHAT IT WAS GONNA BE.
UM, IT WAS ABOUT TWO YEARS AGO.
AND WAS IT VERITY? WHO WAS THE GROUP THAT DID THAT? OH, UM, YEAH.
RIS, NO, I DON'T THINK IT WAS RIS.
IT WAS A, UH, THERE'S A GROUP THAT GOES AROUND AND THEY'VE DONE DIFFERENT PARK PARKLETS AND EVERYTHING IN THE CITY OF DALLAS.
SO THEY LITERALLY, IT MIGHT HAVE BEEN VALORE, HONESTLY I DON'T THINK IT WAS VALORE IS THE GROUP THAT ACTUALLY DOES EVERYTHING THERE.
THIS IS A CONSULTING GROUP THAT REDUNDANT REDUNDANCY? I THINK SO.
I THINK IT WAS, I THINK THEY DO A LOT OF PLANNING AND THEY CAME HERE.
SEE IF ANDY CAN INCLUDE SOME BACKGROUND ON THAT.
THAT THAT WOULD, I WISH HE WAS STILL HERE BECAUSE THEY DID AN EVENT DOWN THERE TO SHOW WHAT IT WOULD KIND OF LOOK LIKE.
AND THEY HAD THE RIGHT INCOMING SIDE OF CLARA BARTON CLOSED OFF AND SHOWED WHAT IT WOULD BE WITH A PARKLET AND YOU KNOW, WALKING SPACE AND EVERYTHING IN THERE WITH YOUR DART RIGHT UP AT WALNUT AND WALK-IN TRAILS AND EVERYTHING.
UM, AND DEVELOPMENT AROUND THE BUILDINGS
[01:20:01]
AND THE MEDICAL SPACES.AND I, IF YOU CAN FIND THAT, THAT, THAT'S A REALLY COOL, THAT'S WHAT THEY'RE TALKING ABOUT WITH THE STREETS ESCAPING.
AND THEN CAN WE DO A FOLLOW UP WITH DART TOO WHERE, WHERE WE ARE WITH DART ON THE SOUTH STUFF? 'CAUSE I KNOW THAT WE WERE TALKING ABOUT MOVING THE LOCATION AND STUFF.
THAT'S TRUE COMFORT NOW THAT WE'RE STAYING IN DART.
WELL THE REASON WHY I'M WONDERING IS JUST BECAUSE OF THERE'S REALLY NOT A GOOD CONNECTION FROM SOUTH GARLAND OVER TO MEDICAL DISTRICT AND EVEN TO NORTH.
AND I KNOW WE'VE DISCUSSED THIS BEFORE, BUT WE'VE NOT EVER PICKED IT BACK UP.
AND MAYBE THAT'S SOMETHING THAT WE SHOULD LOOK INTO WITH SOME OF THAT MONEY THAT'S, UM, YEARS AGO SITTING, ONE OF THE THINGS THAT TONY TALKED ABOUT AND WE HAD ANOTHER APPOINTEE, UM, WE TALKED ABOUT A SHUTTLE SYSTEM.
IT NEEDS TO CONNECT INTO DISTRICT TWO POINT WELL AND DOWNTOWN, WELL WHAT WE WERE, WE WERE TALKING ABOUT WAS WHENEVER THEY EXTEND THE ROAD IN SOUTH GARLAND UP TO GARLAND ROAD AND THEN, YOU KNOW, HAVE THAT THERE WOULD BE A DEDICATED SHUTTLE SYSTEM OR YOU KNOW, IT WOULD BE A MULTI-TIME A DAY DARK CONNECTOR THAT RAN THERE AND RAN FROM THE FOREST STATION OVER BACK AROUND TO DOWNTOWN AND THEN BACK IN.
ARE YOU THINKING LIKE, LIKE AN ACTUAL, LIKE A, LIKE A DART BUS THAT HAS A ROUTE THAT GOES LIKE A DIRECT, LIKE ALMOST LIKE THE ON THE IN DALLAS, HOW THEY HAVE LIKE THE TRAIN.
THAT'S THE KIND OF, BUT IT WAS, IT WAS THE TROLLEYS THAT COMING OUT.
IT, IT WAS LITERALLY JUST ONE OF THE THINGS THAT WE WANTED TO INCORPORATE BECAUSE OF TRANSPORTATION ISSUES WITH A LOT OF VETERANS WAS THEY COULD GET ON LIGHT RAIL OR THEY COULD COME TO THE TRANSIT CENTER THAT'S IN SOUTH GARLAND AND THEN GETTING THEM UP TO, SO LITERALLY YOU WOULD HAVE LIKE A THREE STOP SYSTEM.
IT LITERALLY COMES FROM WHERE YOU ARE DOWN THERE TO THE DART LIGHT RAIL AT FOREST JUPITER BACK AROUND TO THE HOSPITAL AND LITERALLY JUST OKAY.
IT WOULD KIND OF BE LIKE UTDS YEAH.
UH, STUDENT BUS THING THAT DART RUNS.
AND THAT WAS SOMETHING WE TALKED ABOUT THE FIRST TWO YEARS AND THEN THE UNCERTAINTY WITH DART CAME UP AND NOW THAT WE'RE IN MM-HMM
SO IT, IT WOULD BE A GOOD ACTION ITEM TO BRING UP, ESPECIALLY IF WE'RE BUILDING UP SOUTH.
AND THEN THE NORTH SIDE AND THEN ALSO GETTING YEAH, THE MEDICAL DISTRICT GOING.
THAT'S A FUTURE ITEM THAT I WOULD LIKE TO DISCUSS.
I FIGURE OUT WHO, BUT NOT NECESSARILY A COMBINATION OF PEOPLE.
'CAUSE IT DOESN'T NEED TO TALK ABOUT THAT.
UM, MATT'S BEEN VERY INVOLVED IN A LOT OF THE DARK DISCUSSIONS.
IT DOESN'T NEED TO BE THIS NEXT MEETING.
IT JUST, I WANNA MAKE SURE WE HAVE LIKE, IN OUR MIND, I WOULD LIKE TO FIND THAT REDUNDANCY OR WHATEVER IT IS, PRESENTATION THAT THEY CAN SEE BECAUSE THAT WAS, THEY, THEY MADE PARKLETS, THEY'VE DONE SEVERAL OF THESE THROUGHOUT THAT'S KIND OF COOL.
LAKEVIEW OR LAKEWOOD AND ALL THAT AREA.
AND IT, IT'S, WHENEVER WE WENT TO THE EVENT, THE, OUR BOARD WAS INVITED AND WE GOT TO GO OUT AND, AND ACTUALLY TOUR AND SEE WHAT THEY WERE THINKING.
AND THEY HAD SOME OF THE PARKLETS SET UP AND THEY HAD THE STREETS.
YOU CAN ACTUALLY DRIVE BY NOW AND YOU'LL SEE SOME OF THE STREET PAINTING THAT'S STILL THERE FROM WHERE THEY DID ALL THAT LIKE THREE YEARS AGO.
IT WAS RIGHT AFTER COVID OR RIGHT BEFORE IT WAS, IT WAS IN THAT, YOU KNOW, EITHER RIGHT BEFORE OR RIGHT AFTER IT HAPPENED.
LIKE I VAGUELY REMEMBER IT, BUT THEY HAD A BIG DEAL THAT WAS, YOU KNOW, IT WAS ALL OVER THE WEBSITES.
UM, THEY SENT SURVEYS OUT, UM, THROUGH THE WEBSITE ASKING PEOPLE, YOU KNOW, WHAT WOULD YOU LIKE TO SEE HERE? WHAT WAS THIS? AND IT WAS A HUGE DEVELOPMENT DEAL.
YOU KNOW WHAT, I GOT THAT EMAIL.
'CAUSE THEY, I, THEY SENT ME ONE FOR THE PARK THAT'S IN MY NEIGHBORHOOD NOW.
THAT AND THIS WAS, I MEAN IT WAS LITERALLY, THIS IS WHAT WE'RE THINKING ABOUT WITH THIS CLARA BARTON AREA AS KIND OF A, YOU KNOW, WE WANT IT TO BE HEALTHCARE AND WE WANT IT TO BE PEDESTRIAN FRIENDLY.
AND IT WAS A, IT WAS A NICE PRESENTATION BUT LITERALLY GOING OUT THERE THEY HAD, YOU HAD ALL KINDS OF ENTERTAINMENT.
SO YOU HAVE THE PLANS AND THE, AND I'LL SEE IF I CAN FIND ANYTHING ELSE RELATED TO THIS EVENT AS WELL TO PUT OUT THERE AND THEN SEE IF ANDY CAN MAYBE HIGHLIGHT SOME OF THE IMAGES FROM THAT FOR THE GROUP AS WELL AS SPEAK TO THE UPDATE.
THAT'S WHERE, THAT'S WHERE THE MURALS CAME FROM.
UM, THAT WAS, THAT WAS ALL PRESENTED IN THERE.
UM, AND HOPEFULLY CATALYZING THAT
[01:25:01]
SHOPPING CENTER THAT'S RIGHT THERE ADJACENT THAT, THAT WAS A HUGE PART OF THAT PRESENTATION.SO CAN YOU RESEND THE, THE TEAM'S LINK? YES, WE CAN.
IT'S BEEN WHAT, THREE MONTHS
AND IF YOU CAN'T, IF YOU RECEIVE THE LINK AND YOU HAVE ISSUES ACCESSING IT, JUST REACH OUT TO US AND IF DARCY OR MYSELF CAN'T TROUBLESHOOT IT WITH YOU, WE CAN GET, UH, TIME SCHEDULED WITH OUR IT DEPARTMENT TO HELP YOU TROUBLESHOOT AND GET LOGGED IN OR BRING THEM TO THE OCTOBER MEETINGS.
YOU HAVE ENOUGH, YOU PLUGGED IN, LIKE INTO YOUR TEAMS. YOU CAN GO INTO THE FILES, THESE TEAMS. SO THAT'S GONNA BE MY ISSUE.
AND I OLD, I WOULD YOU LIKE ME TO EMAIL YOU THE FILES? I'LL TRY THE TEAMS FIRST.
BECAUSE I HAVE TO, I DON'T REMEMBER SEEING IT.
HAVE MY ANYBODY ELSE HAVE ANYTHING ELSE? NO, NO.
I NEED TO REVIEW THE TEAM'S FILES BEFORE
IS THERE ANY UPDATES TO THE TEAM'S FILES SINCE LAST TIME? BECAUSE I REMEMBER LIKE A MONTH AGO OR SO, WELL NOT A MONTH AGO, LIKE TOOK TWO WEEKS AGO.
I LOOKED AT IT, IT LOOKED LIKE IT WAS THE SAME, IT WAS PRESENTED BEFORE.
I DIDN'T SEE THIS INFORMATION YET, BUT PUT IT IN THERE TODAY.
I'M JUST, I DIDN'T KNOW IF I WAS BEHIND THE BALL.
I TRIED TO BE MORE MYSELF IN ADVANCED.
I WAS LIKE, NOT GET THE RECORD.
BOARD CALLED OUT ALLISON'S DAY.
YOU, IT'S CALL OUT AND SEE UPDATES.
WELL THE AGENDA IS ENOUGH AS LONG AS ALREADY HAD THAT.
I HAVE A LONG STANDING TRADITION THAT I LIKE TO WRAP THESE UP BEFORE AN HOUR AND A HALF JUST BECAUSE WE'RE GETTING CLOSE.
YOU WANNA BREAK THAT TRADITION? I ONLY GOT TWO MORE MINUTES.
LET'S, LET'S CALL THIS MEETING ADJOURNED AT SEVEN TWENTY EIGHT.