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[PFC Board of Directors]
GOOD AFTERNOON EVERYONE.MY NAME IS KEITH OV, PRESIDENT OF THE DALLAS PUBLIC FACILITIES CORPORATION.
AT THIS TIME, I'D LIKE TO CALL IT OUR ORDER, THE FEBRUARY 28TH, 2023 AT 12:00 PM MEDIA, DALLAS PUBLIC FACILITIES CORPORATION, BOARD OF DIRECTORS, REGULAR MEETING.
HOUSE DIRECTOR HAEL, ARE YOU LINE DIRECTOR? JENNIFER CORTEZ, DIRECTOR ROBERT STINSON.
PRESENT DIRECTOR DAVID RUSSELL, DIRECTOR RAUL REYES, DIRECTOR VICTOR TOLEDO.
PRESENT DIRECTOR ALLEN TALLIS.
KEVIN, DIRECTOR KEITH PALM MCCALL.
I'LL MOVE ON TO ITEM NUMBER THREE, PUBLIC TESTIMONY.
WE'LL NOW HEAR PUBLIC COMMENTS ON ITEMS FOUR THROUGH NINE.
CAN YOU ALSO SAY THEY HAVE THREE MINUTES? YOU HAVE, YOU HAVE THREE MINUTES TO SPEAK AND, UH, AARON WILL, UH, HELP US, UH, WITH THAT.
AND SO THE FIRST SPEAKER NAME WE HAVE IS, UM, ELAINE TRAILER.
PLEASE, UH, GIVE YOUR NAME AND ADDRESS.
UM, CAN Y'ALL HEAR ME OKAY? YES.
AND, UH, LET US KNOW WHICH ITEM YOU'RE SPEAKING TO.
UM, ADDRESSING ITEM SEVEN, WHICH IS THE MC CALLUM.
I RESIDE AT 68 0 2 WIND ROCK ROAD, DALLAS 75 2 52.
I'VE BEEN A RESIDENT THERE FOR ALMOST 15 YEARS.
UM, I, SO I WANTED, IS THAT, DID YOU SAY SOMETHING ELSE I HAVE TO ADDRESS? THAT'S FINE, THANK YOU.
UM, SO I DEFINITELY WANTED TO ATTEND HERE.
I'VE NEVER DONE THIS, SO, SO IF YOU'LL BEAR WITH ME.
UM, BUT I THOUGHT IT WAS REALLY IMPORTANT AND I, I'M HAPPY TO SEE SOME OF THE PEOPLE IN THE AREA AS WELL.
UM, THE PROPOSAL TO EXPAND THE NUMBER OF UNITS AT THIS LOCATION IS FRANKLY FRIGHTENING.
UM, IT'S ALREADY VERY OVERSATURATED.
UH, IT IS A VERY HIGH CRIME AREA AND IT'S A VERY HIGH TRAFFIC AREA, BOTH FOOT TRAFFIC, CAR TRAFFIC.
IT'S SO OVERFLOWED WITH CARS ALREADY, UM, THAT PEOPLE PARK ON THE STREET.
UH, IT'S, IT'S JUST A VERY HIGHLY TRAFFICKED AREA.
AND ADDING 250 MORE UNITS WOULD, IS, IS, LIKE I SAID, FRANKLY, VERY DISCONCERTING.
UH, ENOUGH WHERE I, I WAS HAPPY TO HEAR ABOUT THIS, UH, MEETING TO ATTEND.
I WA I LIVE ABOUT A MILE FROM THERE.
I DRIVE MY KIDS TO SCHOOL PAST THERE.
I GO TO THE GROCERY STORE PAST THERE.
UM, AND THE, AND THE IDEA OF HAVING THAT INCREASED SATURATION OF JUST PEOPLE AND CARS, LET ALONE THE, THE DENSITY AND THE COVERAGE.
UH, I, I FEEL LIKE THERE SHOULD BE FEWER UNITS THERE, NOT MORE.
UM, AND I DEFINITELY WANTED TO MAKE SURE THAT, UM, THAT YOU GUYS KNOW THAT THE PEOPLE THAT ARE PROPOSING TO DEVELOP THIS, I AM SURE DON'T LIVE THERE BECAUSE IT IS SO FULLY PACKED.
SO THEY HAVE NO STAKE IN THE GAME TO ADD MORE UNITS OR MORE UNITS MIGHT ADD A THOUSAND UNITS.
YOU KNOW, IT, IT'S RIDICULOUS.
THERE SHOULD BE FEWER UNITS THERE.
IT'S ALREADY WAY OVERPOPULATED.
UH, SPEAKER NUMBER TWO, WILLIAM ROTH.
PLEASE STATE YOUR NAME AND ITEM TO WHICH YOU'RE SPEAKING AND ADDRESS.
SPELL IN PERSON, YOU COME UP TO THE PHOTOGRAPH YOU LIKE.
UM, I'M WILLIAM ROTH, UH, OF MY ADDRESS IS 69 21
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MEADOW ROAD, UH, DALLAS, TEXAS.UM, MY PARTNERS AND I, UH, OWN A 75,000 SQUARE FOOT OFFICE BUILDING AT 11 5 51 FOREST CENTRAL DRIVE, UH, WHICH IS, UH, RIGHT NEXT DOOR TO PICS PROPERTY 11 5 20 THAT Y'ALL ARE DISCUSSING POSSIBLY ACQUIRING FOR A, AN APARTMENT PROJECT.
UH, I WANTED TO, UH, MAKE YOU ALL AWARE, WHICH MAY OR MAY NOT KNOW THAT THERE IS A DEED RESTRICTION ON THAT PROPERTY PROHIBITING THE DEVELOPMENT OF APARTMENTS ON THAT LAND.
THAT DEED RESTRICTION HAS BEEN IN PLACE FOR A NUMBER OF YEARS.
IT AFFECTS THE, ALL THE COMMERCIAL PROPERTIES THAT ARE IN THAT CORNER.
THIS PROPERTY IS ON HIGHWAY 75 AND FOREST LANE.
WE'VE OWNED OUR PROPERTY FOR 25 YEARS.
OTHER PROPERTY OWNERS IN THAT MARKET HAVE ALSO OUR LONG TERM, UH, OWNERS OF PROPERTIES.
WE BOUGHT OUR PROPERTY BASED ON THE DEVELOPMENT PLANS FOR AREA, WHICH WAS DESIGNED FOR COMMERCIAL OPERATION, FOR OFFICES, RETAIL, UH, SERVICE BUSINESSES.
UH, IT WAS DESIGNED FOR THE DEVELOPMENT AND THE CONTROL OF A COMMERCIAL QUARTER THERE.
AND WE HAVE A SIGNIFICANT INVESTMENT AS WHAT WE OTHER PEOPLE.
WE FEEL LIKE IT'S IMPORTANT THAT, UH, YOU ALL UNDERSTAND.
FIRST OF ALL, MAKE SURE THAT THERE'VE BEEN ENOUGH VETTING OF THE LEGAL ASPECTS ABOUT TAKING OR OVERRIDING THE DEEP RESTRICTION, WHICH IS A PRIVATE PROPERTY, RIGHT, THAT WE HAVE.
AND THE OTHER STAKEHOLDERS IN THAT NEIGHBORHOOD HAVE, UH, ON THE CONTROL OF THE DEVELOPMENT OF THAT AREA.
AND BY TAKING THAT RIGHT, THIS IS, UH, A SIGNIFICANT, UM, SITUATION THAT I THINK YOU ALL NEED TO BE AWARE OF AND TO THAT LEGALLY.
AND ALSO TO UNDERSTAND WHAT THE GENERAL EFFECT IS, WOULD BE ON THE NEIGHBORHOOD AND ON THE HOMEOWNERS, THE PROPERTY OWNERS, THE TENANTS, THE BUSINESSES THAT ARE IN THAT AREA, TAKING AWAY AN IDEA AND A PLAN THAT HAD BEEN PUT INTO PLACE FOR MANY YEARS TO, TO CREATE A NICE DEVELOPABLE IMPROVED AREA, UH, FOR THE CITY.
UM, WE FEEL LIKE THIS PROCESS, QUITE FRANKLY, HAS TAKEN PLACE WAY TOO FAST WITHOUT SUFFICIENT INPUT BY THE STAKEHOLDERS IN THE AREA, INCLUDING PROPERTY OWNERS, THE HOMEOWNERS, AND A LOT OF THE OTHER PEOPLE IN THE, IN THE MARKET THERE.
AND I WOULD RESPECTFULLY REQUEST THAT I DON'T UNDERSTAND WHAT THE RUSH TO JUDGMENT IS HERE, BUT I WOULD RESPECTFULLY REQUEST THAT'S YOUR TIME.
MAY I FINISH MY LAST SENTENCE? THAT, THAT YOU'LL POSTPONE YOUR DECISION TO, TO VOTE ON THIS ISSUE AND GIVE THE STAKEHOLDERS IN THE AREA THE CH THE CHANCE TO PARTICIPATE IN THIS PROCESS.
AND, UM, AARON, IF YOU COULD CONFIRM, I BELIEVE I SAW, UH, DISTRICT SIX, UH, MEMBER, UH, REYES ONLINE.
CAN YOU CONFIRM HE'S ONLINE AND HAS JOINED THE MEETING.
CAN YOU TURN ON YOUR CAMERA PLEASE? YEAH, HE'S GOT VERY GOOD.
MOVE ON TO, UH, SPEAKER NUMBER THREE, UH, WOOD LAK.
YES, PLEASE STATE YOUR ADDRESS.
AND THEUM YOU'RE SPEAKING TO MY NAME, ISK.
UM, I, SPEAKING TO, UH, AGENDA NUMBER EIGHT.
UM, I AGREE, UH, MRO, UM, THAT ABOUT RESTRICTIONS IN THE CITY AND HAVING THE PURPOSE TO COME TO TAKE ON THIS DEAL TO REMOVE THIS NEW RESTRICTION.
I I DON'T THINK THAT'S A GOOD WAY TO DO BUSINESS AND ENCOURAGE, UM, DEVELOPMENT, UH, IN, IN DALLAS, UH, IS FOR THE CITY TO INVOLVED THAT WAY.
UM, AND ALSO THIS TO ME, IN A NEIGHBOR, I LIVE RIGHT ON THE OTHER SIDE OF, UH, DART STATION IS, IS A GOOD DEEP RESTRICTION.
UM, TWO YEARS AGO WHEN WE, UH, IN THE NEIGHBORHOOD OF HAMILTON PARK WITH NORTHWOOD STATES, UH, WE'RE MEETING ON ZOOM, UH, WITH THE HOUSING DEPARTMENT HERE IN THE CITIES AND WITH DEVELOPERS, UH, WE WERE ASKED, WHAT DO WE WANT AT THAT LOCATION,
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UM, OTHER THAN APARTMENTS? AND, AND OUR ANSWER WAS, WE WANTED DETAILS.WE WANTED RESTAURANTS, UM, WE WANTED COMMERCIAL SPACE.
UM, AND I GUESS TODAY YOU GUYS ARE MAKING A DECISION ABOUT WHAT IS GOOD FOR HOUSING IN DALLAS BASED ON THE COMPREHENSIVE HOUSING POLICY.
UM, AND IN MAKING A DECISION, I HOPE YOU NOT JUST CONSIDER NEW PEOPLE MOVING IN, BUT THE MANY RESIDENTS, MANY THOUSANDS OF RESIDENTS WHO LIVE THERE ALREADY AND WHAT THAT AREA NEEDS.
UM, THERE MIGHT BE A MISCONCEPTION ABOUT THE NEIGHBORHOOD, IT BE NORTH DALLAS, BUT THIS, THIS IS AREA CODE IS 75 2 43.
THIS ISN'T A HIGH LEVEL ZIP CODE.
THE, THE MEDIAN INCOME, THE ZIP CODE IS LESS THAN MEDIAN INCOME OF THE CITY OF DALLAS.
UH, THE AREA HAS A HISTORY OF SEGREGATION.
UM, HAMILTON PARK IS RIGHT ACROSS FOREST LANE FROM THE PROPERTY.
UH, STRO ELEMENTARY WAS THE SCHOOL THAT WE PAIRED WITH WHEN, UM, INTEGRATION HAVE TO BE THE SEVENTIES, AND THAT OUR SCHOOLS ARE STILL, YOU KNOW, RECOVERING, UH, FROM THE LACK OF INVESTMENTS, UM, BY, BY THE DISTRICT.
UM, AND YOU KNOW, WHEN YOU, IF GUYS DECIDE TO ALLOW THIS TO HAPPEN, THERE WON'T BE PROPERTY TAXES GOING INTO THE SCHOOL DISTRICT.
SO THAT, THAT ACTUALLY HURTS THE, THE COMMUNITY.
AND I GUESS IN, IN YOUR DISCUSSIONS TODAY, WHEN YOU'RE TALKING ABOUT THE GOALS, ESPECIALLY GOAL NUMBER THREE, OVERCOMING THE HISTORY OF SEGREGATION AND CONCENTRATED POVERTY, UM, MEETING OUR COMPREHENSIVE HOUSING CON, UH, I, I LIKE TO, IN CAN WE TALK, THEY DO MAKE DECISIONS TO ACCEPT THIS, HOW, HOW IT DOES LEAD THAT POLICY.
MOVING ON TO SPEAKER NUMBER FOUR.
UH, HEL COLORADO, THIS HERE IN PERSON? PRESENT, PRESENT, FORMAL CALL.
WE'RE GONNA HAVE A PAUSE THE MEETING REAL QUICK.
THERE'S A ISSUE WITH THE WEBEX.
WE HAVE TO PAUSE FOR A MINUTE.
SHALL WE JUST NEED TO VERIFY THAT IT'S WORKING OKAY.
BUT I THINK THERE'S BEEN A COUPLE OF COMPLAINTS WE'RE NOT ABLE TO ACCESS.
THAT'S, THAT WOULD BE THE OBJECTION.
RECESS FOR FIVE MINUTES WHILE I'M THE STEADY CHECKS ON THE WEBEX.
WHAT'D YOU SAY? YEAH, SO WE CAN TRY TO BACK BIT LIKE A GROUP.
IT'S ALL WOULD BE, I'M WATCHING IT FROM GETS TO BE THE PLACES.
I THINK ANYBODY WHO SPEAKS THOUGH HAS TO BE ON CAMERA, RIGHT? MOVE PODIUM.
IF YOU, HOW'S THE ANGLE ON THIS UN TRAPPED? LOOKS LIKE WE'RE ON PROJECT FROM THE TABLE SO THAT THEY CAN PICK YOU UP.
PICK ON THE WEBEX WHAT I'M SAYING RIGHT NOW.
WE GOOD? LISA, ARE WE VERY GOOD.
THANK YOU VERY MUCH FOR YOUR PATIENCE.
WE'RE NOW NOW RESUME WITH PUBLIC COMMENTS.
RETURNING TO, UH, SPEAKER NUMBER FOUR.
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THANK YOU.I LIVE AT 1 24 NORTH GARRETT AVENUE.
SPEAKING ON ITEM NUMBER EIGHT REGARDING THOSE PROPERTY CYPRESS AND FOREST LAKE.
I WOULD LIKE TO SPEAK IN FAVOR OF THIS DEVELOPMENT BECAUSE I'VE LIVED IN DALLAS, IN DFW ALL MY LIFE.
I CURRENTLY LIVE IN DALLAS, IN EAST DALLAS.
I WAS BORN HERE AND I GO TO THAT NEIGHBORHOOD QUITE OFTEN.
I HAVE ATTENDED CHURCH AT HAMILTON PARK U C SEVERAL TIMES.
I'VE ALSO PATRONIZED THE BUDDHIST TEMPLE, WHICH IS ALSO WITHIN A SHORT WALK OF LBJ SAN, UH, AND FOREST LANE STATION.
I HAVE FRIENDS WHO LIVE IN THAT SAME NEIGHBORHOOD AND I VISIT WITH THEM OFTEN.
I HAVE SOMEONE WHO WORKS AT TEXAS INSTRUMENTS WHO GOES TO WORK THERE DAILY.
I HAVE A LOT OF FOOT TRAFFIC WALKING EXPERIENCE IN THIS CITY.
AND EVEN WITH THAT NEIGHBORHOOD, I EVEN HAVE A CYCLING GROUP THAT I WOULD RIDE UP TO THE EXACT SAME NEIGHBORHOOD, UH, ON SUNDAYS.
WE ARE 20,000 UNITS SHORT IN THE CITY OF DALLAS.
AND WHEN I SEE THE POSSIBLE IMPACT OF 50% AFFORDABLE UNITS AS LOW AS $500, AND KNOWING THAT A CAR PAYMENT IS UPWARDS OF $800, A THOUSAND DOLLARS A MONTH IN TEXAS AND AROUND THE COUNTRY, THAT COULD BE THE DIFFERENCE BETWEEN SOMEONE HAVING A LIFE AND NOT BEING ABLE TO MAKE IT.
AND KNOWING, HAVING WALKED THAT PATH MYSELF AND PATRONIZE THE BUSINESSES ALONG 75 AND LONG FOREST, I KNOW THAT WOULD BE A HUGE LIFE CHANGER FOR THE OPPORTUNITIES FOR THE PEOPLE WHO GET TO LIVE THERE WHEN THAT PLACE IS CREATED.
I DON'T UNDERSTAND WHY BUSINESSES WOULD NOT WANT TO HAVE PAYING CUSTOMERS WITH ADDITIONAL SPENDING POWER BECAUSE OF THE POSITION NEAR TRANSIT.
I DON'T KNOW WHY YOU WOULDN'T WANT THAT MONEY RIGHT NEXT TO YOU IN YOUR PRIVATE COMMERCIAL PROPERTY.
I DO KNOW WHAT THE SITUATION IS NOW BECAUSE I HAVE SO MANY PEERS WHO HAVE TO MOVE SO FAR FROM THE CITY.
THEY LIVE HERE IN THE CITY IN THE SENSE THAT THEY WORK HERE, THEY SOCIALIZE HERE, THEIR FRIENDS AND FAMILY ARE HERE, BUT THE CITY HAS FAILED TO PROVIDE HOUSING FOR THEM BECAUSE OF UNREALIZED FEARS.
WE KNOW THE STORY OF THE GOOD SAMARITAN WHERE SOMEONE, A HIGH MIGHTY PRIEST AND SEVERAL RIGHTEOUS PEOPLE WALK ON THE OTHER SIDE WHERE THEY SAW SOMEONE FAILING ON THE SIDE OF THE ROAD WHEN IT WAS A SAMARITAN WHO TOOK CARE OF HIM EVEN THOUGH HE DID NOT KNOW THAT PERSON.
AND EVEN THOUGH THERE'S GREAT RISK, WE KNOW THAT THE RISK IS NOT HERE IN THIS SITUATION.
UH, FEARS AROUND PROPERTY VALUES BEING HEARD BY AFFORDABLE HOUSING HAVE NEVER PANNED OUT FEARS ABOUT VAGRANTS OR UNSIGHTLY PEOPLE ARE EITHER UNFOUNDED OR DOG WHISTLES.
WE HAVE AN OPPORTUNITY TO DO SOMETHING INCREDIBLE BOTH ECONOMICALLY AND SOCIALLY AND RACIALLY AND EQUITABLY, RIGHT? WE SHOULD TAKE THIS OPPORTUNITY, WE SHOULD TAKE THIS OPPORTUNITY TO KNOW WHAT WE KNOW WE NEED TO DO, AND WE HAVE TO REALIZE THAT FEAR.
WE HAVE NOTHING TO FEAR BUT FEAR ITSELF.
UH, MOVING ON TO SPEAKER NUMBER FIVE.
PLEASE STATE YOUR NAME, ADDRESS, AND AGENDA.
I'M A RESIDENT OF DISTRICT 10.
I LIVE AT 76 31 PENNY BURN DRIVE.
UM, AND I USED TO LIVE ON, UM, MUL RAINEY DRIVE, AND BOTH OF THOSE ADDRESSES ARE WITHIN HALF A MILE.
UM, SPEAKING TO ITEM NUMBER SEVEN, THE SUGGESTION, UM, DETERMINATION OF A TERM THAT WOULD ALLOW THE APARTMENTS AT 78 25 MACALLEN TO EXPAND FROM 500 UNITS TO APPROXIMATELY 750.
I AM HOPING THAT YOU ALL WILL VOTE AGAINST THIS OR DISCUSS, UM, WHAT THE NEGATIVE SIDES OF THIS ARE.
I DROVE THROUGH, I DRIVE OR WALK UP NEAR MACALLEN LAND ON CALLUM EVERY DAY.
JUST LIKE I, I ECHO WHAT ELAINE SAID.
UM, IT IT'S A WONDERFUL PLACE WITH A WHOLE LOT OF APARTMENTS ALREADY.
UM, THERE IS A MASSIVE CONCENTRATION OF AFFORDABLE HOUSING ALREADY THERE.
UM, SOME PEOPLE ESTIMATE THERE'S AS MANY AS 5,000 MARKET RATE APARTMENTS AND THEY ALL QUALIFY AS AFFORDABLE.
UM, THE RENTS SHOWN IN THE PRESENTATION THAT WE SEE FROM, I GUESS, ALALA AND STANDARD SILVER LINE ARE NOT CORRECT.
THE CURRENT RENT IN THOSE APARTMENTS IS LESS THAN WHAT IS PROPOSED.
UM, WHICH MAKES, AGAIN, WE, WE DON'T NEED ANY MORE AFFORDABLE HOUSING, UH, WHICH HONESTLY IS GREAT.
I DON'T HAVE ANYTHING AGAINST AFFORDABLE HOUSING.
IT'S WONDERFUL, BUT WE HAVE A TON OF APARTMENTS UP THERE.
UM, THE OTHER THING THAT DISTURBS ME
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IS THAT THIS PROJECT WOULD REMOVE CITY, COUNTY AND SCHOOL DISTRICT TAXES WITH AN EXEMPTION FOR 75 YEARS.AND THERE WOULD BE MORE CHILDREN THERE.
THEY WOULD NEED TO BE SERVED IN THIS AL THE AREA'S ALREADY TARGETED WITH EXTRA RESOURCES FROM THE CITY.
UM, THERE'S ALSO A CRIME PROBLEM UP THERE.
UM, FORTUNATELY, YOU KNOW, THERE'S A LOT OF FAMILIES, WONDERFUL FAMILIES THAT ARE THERE AND WE'D LIKE TO KEEP THEM HAPPY AND SAFE.
SO I'M HOPING THAT YOU ALL WILL CONSIDER HOW MANY APARTMENTS ARE ALREADY THERE AND THAT WE DON'T NEED TO ADD MORE.
THERE'S ALSO NOT ANY, UM, WALKING DISTANCE TO THE SILVER LINE RAIL THAT'S GOING TO BE DONE IN A COUPLE OF YEARS.
SO THAT'S ANOTHER THING THAT IS NOT, IT'S JUST NOT GOOD.
SO I APPRECIATE YOU LETTING ME SPEAK AND I THANK YOU FOR ALL THAT YOU DO.
THANK YOU VERY MUCH MS. PRATT.
MOVING ON TO SPEAKER NUMBER SIX, SIRANO KEITH VALDO.
PLEASE STATE YOUR NAME, ADDRESS, AND UH, AGENDA ITEM YOU'RE SPEAKING TO.
MY NAME IS, I'M THE, UH, RUNNING FOR CITY COUNCILMAN DISTRICT 10.
I AM THE ONLY MINORITY ON THE, UH, BALLOT FOR THE DISTRICT.
AND WITH THE KIND OF OPPOSITION THAT YOU ARE GETTING FROM THAT PART OF TOWN WHERE I REPRESENT 60% OF THE MINORITY, I AM SHOCKED THAT YOU'RE NOT LISTENING TO THEM.
THIS COUNTRY WAS BUILT ON WE THE PEOPLE YOU SEE THE OPPOSITION AND IT'S AMAZING THAT SOME GUY WILL COME UP HERE AND MISQUOTE THE BIBLE ABOUT THE GOOD SAMARITAN STORY.
I'M, I'M A, I'M A MINISTER AS WELL.
NO CITY CAN SOLVE THE HOMELESS PROBLEM OR THE AFFORDABLE HOUSING PROBLEM.
YOU TAKE A BUCKET OUT, IT STILL KEEPS COMING, BUT THE RESIDENTS IN DISTRICT 10 DOES NOT WANT THIS.
EVERYBODY SPOKEN IT DOES NOT WANT IT.
I DON'T ALWAYS LISTEN TO THE ADVOCATE, BUT I'M GONNA READ SOMETHING THAT THEY WROTE.
WHAT DO YOU DO IF YOU'RE A DEVELOPER WHO BLOCKS, WHO'S BLOCKED FROM BUILDING AN AFFORDABLE HOUSING COMPLEX BY PRIVATE DEED RESTRICTIONS, SIMPLE CELLULAR LAND TO THE CITY, THEN LEASE IT BACK AND BUILD.
ANYWAY, I HAVE DEALT WITH DEVELOPERS AS A PRESIDENT OF THE NEWSPAPER IN PATTERSON, NEW JERSEY.
AND THIS IS WHAT THEY DO ALL THE TIME.
OKAY? WE HAVE NO WAY OF MANAGING WHAT WE HAVE.
WE WE HAVE SO MUCH POVERTY IN THAT AREA, WE CAN'T EVEN MANAGE IT.
AND THIS IS NOT THE ONLY THING THEY WANNA BUY.
UH, A CHURCH, THE CORNERSTONE CHURCH, BREAK IT DOWN.
I WAS HERE FIVE YEARS AGO ON THE, THE CITY OF DALLAS TO THE STUDY AND A A MILLION DOLLAR STUDY.
YOU CANNOT TALK ABOUT THESE THINGS WITHOUT TALKING ABOUT DISCRIMINATION, RED RELYING AND ALL THAT KIND OF STUFF.
WE CAN'T SOLVE THAT, THAT PROBLEM.
BUT WE HAVE TO MAINTAIN ALL THE POVERTY WE ALREADY HAVE.
I INVITE YOU TO COME DOWN TO WALMART AND SEE THE KIND OF IN POVERTY THAT WE'RE DEALING WITH THAT WE CAN'T MANAGE.
WE DON'T HAVE THE COMMERCIAL OR ANY KIND OF, UH, BUSINESSES TO SUSTAIN WHAT WE HAVE.
SO JUST LOOKING AT THE PUBLIC, IF THIS WAS A, UM, ARENA, YOU HAVE A MILLION PEOPLE TELLING YOU NO AND A FEW PEOPLE TELLING YOU LADY YES.
SO YOU HAVE TO GO BY WE THE PEOPLE.
SO I'M ASKING YOU AS A PERSON WHO WOULD BE THE COUNCILMAN TO TABLE THIS, OKAY? BECAUSE IF THIS WAS, UH, I WROTE THIS COMING UP HERE AND IT SAYS IT IS SCHEMING TO DEFRAUD THE RESIDENTS OF DISTRICT 10.
IF WHAT THE ADVOCATE WROTE WAS RIGHT AND IF WHAT HE'S DOING IS RIGHT, A DEVELOPER MUST BE HONEST AND HE MUST BE SINCERE AND HE MUST COME AND TAKE THE PROPERTY IN THAT WAY.
BUT TO DO THIS WORKAROUND, TO TRY TO TRICK US, TO TRY TO DEFRAUD US IS WRONG.
I DON'T KNOW HOW THIS GOT PAST CITY COUNCIL, BUT IF I WERE TO SPEAK TO SOME OF THE COUNCIL MEMBERS AND GOT THEM ON MY SIDE, THEY WOULD'VE BLOCKED THIS.
SO AS THE MINORITY LEADER IN THAT PART OF TOWN, I AM ASKING YOU TO EITHER TABLE THIS OR REMOVE IT OR GIVE US A CHANCE TO GO BACK AND HAVE SOME CONVERSATIONS.
LET US GO BACK, GIVE US A FEW MONTHS, WE CAN HAVE SOME CONVERSATIONS AND THEN WE'LL COME BACK TO YOU AND THEN DEAL WITH THIS.
BUT RIGHT NOW IT'S A NO FROM EVERYBODY.
WE, THE PEOPLE ARE SPEAKING TO YOU.
RINA VAUGHN IS HERE IN PERSON.
YOUR NAME, ADDRESS, AND, UH, SPEAKING TO YOU, SPEAKING ON THE SAME YES.
UM, I LIVED AT 92 59 MARK VAN DRIVE.
I WAS INVOLVED WITH THE CYPRESS PROJECT WAS BROUGHT UP THE FIRST TIME.
AND WHEN WE VOTED IT DOWN AND, AND THEN TO, FOR ME TO
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FIND OUT FROM ADAM'S OFFICE AND THEN FROM THE ARTICLE THAT ARE TRYING TO THIS, THERE WAS A CO NO C THE COMMUNITY.WHY IS IT D BURDEN OF THESE HOUSING PROJECTS? THERE MUST BE OTHER PROPERTIES HERE.
THE CITY OF DALLAS ALSO, THE ARTICLE STATES DEAN, THE FC PARTICIPANTS PARTICIPATION GIVES A PROJECT AN ADDED FINANCIAL BOOST.
PERCENT EXEMPTION FROM PROPERTY TAXES FOR SEVEN YEARS.
IF THEY DON'T HAVE PROPERTY TAXES, WHO'S GETTING THAT CITY OF DALLAS AND THEY'RE STILL GOING, WHY WOULD YOU BUILD UP SOMETHING OFF THE HIGHWAY AROUND BUSINESSES? THERE SHOULDN'T BE MORE TRAFFIC.
THERE'S NO CONCERN FOR SAFETY FOR ANY OF THESE PEOPLE THAT ARE LIVING IN THESE LOWS.
INCOME HOUSING, DART FOREST LANE ISN'T SAFE.
WE HAVE HOMELESS ISSUES THAT AT 75 AND FOREST.
CAUSE THE HOMELESS PEOPLE ARE THERE AND I'M CONCERNED FOR MY OWN SAFETY.
UM, SO IF THERE'S CHILDREN LIVING AT THESE NEW APARTMENTS AND THEY'RE GOING BE GOING TO HAMILTON PARTNER, AS IT SAID IN THE ARTICLE FOR R D, HAVE Y'ALL INFORMED THE CITY OF RICHARDSON THAT THERE'S NEW CHILDREN THAT ARE GONNA BE COMING IN TO THEIR SCHOOLS? DO THEY HAVE ENOUGH TEACHERS? UM, UM, IS THERE ANY CONCERN OFF OF THE SAFETY OF ANYONE LIVING OFF OFF THE FREEWAY? I'M ANGRY THAT WE AS CONSTITUENTS SPOKE AND IT WAS VOTED DOWN.
THEN YOU HAVE DONE THIS DEAL UNDER HANDED AND SHAKE AND WITHOUT CONSULTING OR COMMUNICATING WITH THAT OF ANYONE THAT LIVES NEAR THE AREA, BILL SOMETHING IN THE AREA THAT'S GONNA BENEFIT US.
COME BUILD SOMETHING THAT'S NOT GONNA HELP.
UH, SPEAKER NUMBER EIGHT, UH, TAYLOR JEFFERSON.
I LIVE IN HAMILTON PARK AT 12 5 48 RIAL ALTO DRIVE.
I'VE LIVED THERE PRETTY MUCH MY WHOLE ENTIRE LIFE.
UM, AND I WANNA SPEAK ON THE CYPRESS, UM, AS WELL.
UM, I'M IN OPPOSITION TO IT, JUST AS EVERYBODY ELSE HAS STATED.
UM, THERE'S BEEN LACK OF ENGAGEMENT, COMMUNITY, COMMUNITY ENGAGEMENT TO ASK EVEN IF WE ARE CONSIDERING IT, IF WE WANT IT.
AND ALSO JUST THE LACK OF, HONESTLY, THE LACK OF DISRESPECT THAT IT WAS SO I WOMAN THAT HE HAD TO BOUNCE THROUGH OTHER SOURCES.
AND NOT THAT THIS WAS BACK ON THE TABLE.
UM, THE, IN MY OPINION, THE DEVELOPER HAS ABOUT IT IN A VERY SHADY WAY.
I'VE BEEN REALLY ENGAGING WITH THE
SO, UM, I'M IN OPPOSITION FOR IT AND I'M PRETTY SURE MY ENTIRE NEIGHBORHOOD IS, AS WE'VE TALKED ABOUT IT IN OUR OWN SEPARATE MEETINGS.
SO I'M JUST ASKING THAT THIS, UM, THAT THIS COMMITTEE JUST REALLY THINK ABOUT IT HARD AND KNOW THAT THE COMMUNITY MEMBERS, UH, OF DISTRICT TEAM, WE ARE IN OPPOSITION AND WE, WE WE'RE NOT WANTING GOING CRY.
HERE'S SOME, UH, INTERRUPTION IN THERE.
JEFFERSON, DID YOU FINISH YOUR COMMENTS? YEAH, YEAH, I'M FINISHED.
SPEAKER NUMBER NINE, DISTRICT 10.
I LIVE IN DISTRICT 10 SPEAKING AS A RESIDENT TODAY.
WE, WE FIRST HEARD ABOUT THIS PROJECT TWO YEARS AGO AND THE ONLY COMMUNITY OUTREACH THAT TOOK PLACE DURING THAT TIME WAS DURING THE WORST ICE STORM IN GENERATION.
UM, AND VERY VALID QUESTIONS HAVE BEEN BROUGHT UP BY OUR, THE, THE MOST LOCAL NEIGHBORS IN THE AREAS OF HAMILTON PARKWOOD ESTATES, FOLTZ ROAD, UH, THIS AREA.
AND, UM, THERE HAS BEEN AN ABSOLUTE ABSENCE OF ANY SORT OF MEANINGFUL ENGAGEMENT.
THERE'S BEEN ABSOLUTELY NO LISTENING TO THIS COMMUNITY.
THERE'S BEEN TWO YEARS OF OPPORTUNITY TO SHARE, TO COME SIT DOWN TO MEET WITH TAYLOR JEFFERSON, TO MEET WITH HAMILTON PARK CIVIC LEAGUE, TO MEET WITH THE LOCAL CHURCHES AND SAY, HEY, LOOK, HERE'S A PROJECT.
HERE'S SOMETHING THAT COULD BE GOOD IN THE NEIGHBORHOOD.
WHAT DO YOU THINK SHOULD BE BETTER? HOW WOULD YOU MAKE CHANGES? WHAT WOULD YOU DO TO THIS PROJECT? IT HAS NOT HAPPENED.
THERE HAS NOT BEEN OUTREACH TO THE ELECTED OFFICIAL THAT REPRESENT THIS AREA.
JUST GOT A CALL ON THE WAY HERE FROM A RICHARDSON INDEPENDENT SCHOOL BOARD, UH, TRUSTEE, NO OUTREACH WHATSOEVER TO THIS COMMUNITY.
IT HAS BEEN AN ABSOLUTE SLIGHT FROM THE
[00:30:01]
VERY BEGINNING.I'VE ADVOCATED FOR SIMPLE DIGNITY AND RESPECT AND HAVE BEEN DENIED AT EVERY STEP OF THIS.
THIS IS COMPLETELY UNACCEPTABLE.
THIS IS A PROJECT WHERE THE MANAGER AND THE OPERATOR IS IMPORTANT.
IF YOU, I'VE, I'VE BEEN WORKING ON, ON AFFORDABLE HOUSING FOR OVER 18 YEARS IN THIS CITY, AND I'VE SEEN GOOD MANAGERS AND I'VE SEEN POOR MANAGERS AND EVERY BIT OF THIS MATTERS ON WHO'S GOING TO BE OPERATING AND RUNNING THIS FACILITY ON HOW IT WORKS.
AS A GOOD NEIGHBOR WITH THIS COMMUNITY.
UP UNTIL THIS PINPOINT THAT HAS BEEN AN ABSOLUTE FAILURE ON THIS PROJECT.
THE LACK OF TRANSPARENCY, THE FACT THAT THERE HAS BEEN NO OUTREACH IS A PROBLEM.
WHY ARE WE RUSHING? ASK YOURSELF, WHY IS THIS PROJECT BEING RUSHED? IT HAS NOTHING TO DO.
IT'S IN THE BEST INTEREST OF THIS CITY OR THIS COMMUNITY.
IT CAN ONLY HAVE WHAT'S IN THE BEST INTEREST OF THIS PARTICULAR DEVELOPER.
NOT ONLY WILL WE BE SUED, WE SHOULD BE SUED.
THAT'S WHAT DEEP RESTRICTIONS ARE THERE TOWARDS FOR TECH, THE INTEGRITY OF THAT COMMUNITY AND THAT NEIGHBORHOOD.
OUR MVA MARKET VAL VALUE ANALYSIS DIDN'T EVEN LOOK AT THIS AREA BECAUSE RESIDENTS, IT'S NOT ALLOWED TO BE RESIDENTIAL AREA.
OKAY? THERE'S NO APARTMENTS ALLOWED IN THIS PARTICULAR LOCATION, AND IT SHOULDN'T CHANGE BECAUSE OF THIS STRAW PURCHASE DEAL COMING THROUGH THIS BODY.
THAT'S NOT HOW THIS BODY SHOULD BE USED.
UM, THIS IS A FEDERAL DESIGNATED AREA THAT INCLUDES PROJECT SAFE NEIGHBORHOOD, WHICH IS ONE OF THE HIGHEST CRIME AREAS OF OUR ENTIRE REGION.
IT'S WHERE THE US ATTORNEY'S OFFICE HAS DESIGNATED A T F B I, DEA CITY OF DALLAS TO INVEST TASKFORCE RESOURCES TO TRY TO HELP IMPROVE THE CRIME IN THIS AREA.
YOU'VE HEARD THE COTTONWOOD TRAIL, IN SOME CASES ALMOST IMPASSABLE BECAUSE THE CITY HAS NOT INVESTED THE RESOURCES INTO DEALING WITH THE HOMELESS SITUATION IN THIS PARTICULAR AREA.
IT IS, IT IS BOUGHT WITH ISSUES AND USING THIS BODY TO GET PAST, THIS IS NOT THE APPROPRIATE ME MECHANISM.
PLEASE DENY ITEM EIGHT AND LET THERE BE OPPORTUNITIES FOR BENEFICIAL PROJECTS TO COME FORWARD.
PLEASE STATE YOUR NAME AND CONFIRM THE AGENDA THAT YOU'RE SPEAKING TO MR. PARIS.
MR IS NOT HERE LIVING ON THE SPEAKER NUMBER 11 LAURA WEEKS.
PLEASE STATE YOUR NAME AND AGENDA.
MOVING TO SPEAKER NUMBER 12, MIC MICAH.
WEEKS ON THE ZOOM, SAY NOT LIVE.
HI, CAN YOU HEAR ME? YES, WE CAN HEAR YOU, YES.
UM, GOOD AFTERNOON TO YOU ALL.
AND MY COMMENTS ARE IN REGARD TO ITEM SEVEN, THIS STANDARD SILVER LINE PROJECT AT 78 25 MACALLAN.
UH, FIRST I WANNA ACKNOWLEDGE YOU IN THE IMPORTANT RESPONSIBILITY YOU HAVE IN JUDGING OPPORTUNITIES TO ENSURE THAT CITY RESOURCES ARE USED AND MAXIMIZED TO BENEFIT PEOPLE WHO NEED HOUSING AND NOT DEVELOPERS WHO ARE HAPPY TO TAKE ADVANTAGE OF A TAX BREAK.
I BELIEVE THAT THIS PROJECT REPRESENTS THE SECOND OF THOSE TWO OPTIONS.
UH, THE PROPOSAL WOULD INCREASE UNIT IN AN ALREADY PRE DENSITY POPULATED AREA.
UM, AS PRIOR SPEAKERS HAVE MENTIONED, THIS SECTION OF MACALLAN HAS MANY BACK TO BACK APARTMENT COMPLEXES.
THERE ARE CURRENT COMPLAINTS ABOUT PARKING FROM RESIDENCE THERE.
THIS INCLUDES ROUTINE REPORTS THAT POLICE GET, HAVE SHOOTINGS, UM, BESIDES PROPERTY AND OTHER ADDITIONAL AFFORDING AFFORDABLE HOUSING OPPORTUNITIES SHOULD BE PLACED IN AREAS THAT DO NOT ALREADY HAVE AFFORDABLE UNITS.
PLACES WHERE FUTURE RESIDENTS WOULD HAVE OPPORTUNITY FOR IMPROVED QUALITY OF LIFE AND SAFETY.
THAT WOULD NOT BE ACCOMPLISHED BY TRYING TO PACK MORE UNITS INTO AN ALREADY CROWDED SPACE.
REGARDING AFFORDABILITY AND ACCESSIBILITY, A FEW CORRECTIONS ARE NEEDED COMPARED TO THE MATERIALS PRESENTED.
THE PROPOSED AFFORDABLE RENTAL RENTAL RATES ARE HIGHER THAN CURRENTLY AVAILABLE APARTMENTS ON THE STREET THAT HAVE AMENITIES SUCH AS POOLS AND FITNESS CENTERS.
[00:35:01]
THIS PROJECT WON'T MAKE THE AREA MORE AFFORDABLE.AND REGARDING ACCESSIBILITY, THE MATERIALS CLAIM THE SITE IS CONVENIENTLY LOCATED DOWN THE STREET FROM THE SILVER LINE DART STATION.
HOWEVER, THE NEAREST PLAN STATIONS ARE EITHER JUST OFF THE TOLLWAY OR IN RICHARDSON AT THE U T D CANVAS, THERE IS NO IMMEDIATE STATION ACCESS AND THERE WON'T BE ONCE THE TRAIN IS COMPLETED.
THESE DISCREPANCIES SHOW THAT THE DEVELOPER DIDN'T PUT IN THE EFFORT TO LEARN ABOUT THE AREA.
THEY'RE NOT FAMILIAR WITH THE CURRENT AFFORDABLE OPTIONS THAT EXIST, AND THEREFORE THEY'RE NOT PROPOSING A PROJECT THAT ADDS OPPORTUNITY.
I WOULD ASK THAT YOU CONSIDER THE COST OF OVER SUBSIDIZING A PROJECT LIKE THIS, WHERE THE BENEFIT WOULD BE TO THE DEVELOPER IN TAX INCENTIVES, NOT TO POTENTIAL RESIDENTS WHO NEED AFFORDABLE HOUSING AND NEED TO SEE BUSINESSES PAY THEIR PART OF TAXES THAT FUND OUR SCHOOLS' POLICE AND PUBLIC WORKS.
PLEASE DO NOT LET THE PFC BE A TOOL IN FAVOR OF DEVELOPERS WHO KNOW HOW TO USE THE SYSTEM.
MOVING TO SPEAKER NUMBER ADAM LAMONT.
PLEASE STATE YOUR NAME AND CONFIRM THE AGENDA YOUR SPEAKING TO.
HELLO, CAN YOU HEAR ME? YES, SIR.
HELLO, UH, MY NAME'S ADAM LAMONT.
UM, I LIVE IN DISTRICT, UH, 10, UM, ABOUT TWO MILES AWAY.
I'M HERE TO SPEAK ON THE CYPRESS, UH, CREEK, UM, PROJECT.
AND I'M HERE, UH, IN SUPPORT OF IT.
UM, I, UM, WOULD JUST LIKE TO SAY THAT, YOU KNOW, OBVIOUSLY THIS HAS BEEN AROUND FOR A WHILE.
UH, IT HAS COME TO COUNCIL ALREADY, UM, AND WAS APPROVED BY CITY COUNCIL FOR SUPPORT THEN BY A 13 TO TWO MARGIN.
UM, AND, UM, SO WE ARE JUST REHASHING, YOU KNOW, EVERYTHING FROM THERE.
UM, IT WOULDN'T MAKE SENSE FOR THIS BODY TO GO AGAINST THE WISHES OF CITY COUNCIL MEMBERS, UM, FROM TWO YEARS AGO.
UM, IF CITY COUNCIL WISHES TO REVERSE THEIR DECISION, UM, THEY CAN GO AHEAD AND DO THAT WHEN IT'S UP ON MARCH 8TH.
UM, BUT FOR THIS BODY TO TAKE IT UPON THEMSELVES TO REJECT IT WOULD NOT MAKE, UM, MUCH SENSE.
UM, WE SHOULD BE THINKING ABOUT SOLUTIONS AND, YOU KNOW, WHEN WE'RE TALKING ABOUT AFFORDABLE HOUSING, THE, AND HOMELESSNESS, THE SOLUTION IS HOUSING, UM, WHICH THIS PROJECT SUPPLIES, UM, IN A MUCH, YOU KNOW, NEEDED PLACE.
UM, I UNDERSTAND, YOU KNOW, THERE ARE CONCERNS ABOUT SOME THINGS, BUT WHEN WE COME DOWN TO THE END OF IT, UM, YOU'RE NOT GONNA FIND FOR AFFORDABLE HOUSING, UM, CLOSE TO A DARK STATION, NOT ADJACENT TO ANY SINGLE FAMILY NEIGHBORHOODS.
UM, THE DOWNSIDE, OF COURSE, IS THAT IT'S NEXT TO A HIGHWAY, UM, WHICH, YOU KNOW, NO PLACE IS PERFECT.
UM, SO I JUST WANNA REGISTER MY SUPPORT AND, AND HOPE THAT, UM, IT PASSES.
THANK YOU VERY MUCH, MR. MONT.
WHO'S THE SPEAKER LIST THAT I, THERE'S NO SOUND MR. MR. CHAIRMAN.
MY NAME IS ANNE MOD AND I AM THE EXECUTIVE DIRECTOR OF THE INCLUSIVE COMMUNITIES PROJECT, UM, OTHERWISE KNOWN AS I C P I C P IS A FAIR HOUSING AND NONPROFIT ORGANIZATION THAT'S HEADQUARTERED AT 33 0 1 ELM STREET IN DALLAS, TEXAS.
UM, THE MISSION OF THE INCLUSIVE COMMUNITIES PROJECT IS TO WORK WITH LOW INCOME FAMILIES TO HELP THEM FIND RENTAL UNITS IN THE DFW AREA.
AND I'M HERE ON BEHALF OF I C P AND THE LOW INCOME FAMILIES THAT WE SERVE TO EXPRESS SUPPORT FOR THE CITY OF DALLAS'S PARTNERSHIP WITH SYCAMORE STRATEGIES TO BUILD 189 UNITS AT FOREST LANE AND CENTRAL EXPRESS HIGHWAY.
WE SUPPORT THIS PROJECT BECAUSE WE NEED MORE AFFORDABLE HOUSING AND GOOD NEIGHBORHOODS IN DALLAS.
THE CITY OF DALLAS HAS OVER 22,000 LOW INCOME HOUSING TAX CREDIT UNITS.
[00:40:01]
22,000 OR MORE, ONLY 755 OF THE NUMBER ARE IN AREAS THAT ARE 50% OR MORE WHITE.SO I ASSURE YOU THAT THIS AREA IS NOT BEARING ALL OF THE BURDEN OF AFFORDABLE HOUSING.
THE OVERWHELMING MY UM, MAJORITY OF THE UNITS, 92% TO BE EXACT, ARE IN THE SOUTHERN SECTOR AND IN THE PLEASANT OF COMMUNITIES.
THE CITY OF DALLAS RECEIVES $31 MILLION OR SO ON FEDERAL FUNDS TO PROVIDE AFFORDABLE HOUSING.
AND AS A RECIPIENT OF THESE FUNDS, THE CITY OF DALLAS HAS AN OBLIGATION TO AFFIRMATIVELY FURTHER FAIR HOUSING.
AND THIS IS AN OPPORTUNITY FOR YOU TO MEET YOUR OBLIGATION TO PROMOTE INTEGRATION AND STOP SEGREGATION.
NOW, DALLAS NEEDS THE AFFORDABLE HOUSING AND IT'S JUST WRONG TO CONTINUE TO CONCENTRATE THIS HOUSING IN HIGH MINORITY, HIGH UM, POVERTY AREAS.
I THANK YOU FOR EVEN CONSIDERING THE ITEM.
I KNOW THAT THE OPPOSITION IS STRONG.
I KNOW THAT THE ANONYMITY VOICES ARE LOUD.
I KNOW THAT THIS IS A HEAVY LIFT FOR YOU AND POSSIBLY POLITICAL SUICIDE, BUT THE FAMILIES WHO NEED THIS HOUSING NEED YOU TO ACT ON THEIR BEHALF.
YOU HEARD A VERY ELOQUENT SPEECH ABOUT WE THE PEOPLE, BUT I ASSURE YOU, YOU ARE HERE TO SERVE NOT ONLY THE WEALTHIEST AND THE MOST AFFLUENT PEOPLE YOU ARE HERE TO SERVE ALL OF THE CITIZENS OF DALLAS.
AND I'M STANDING HERE ON THEIR BEHALF CUZ THEY'RE AT WORK OR THEY CAN'T GET HERE.
BUT I ASSURE YOU THAT THERE IS A NEED FOR THIS KIND OF HOUSING.
THANK YOU SO MUCH FOR YOUR SUPPORT.
I'LL READ THE, UH, GO IN THE ORDER OF THE SIGNIN SHEET THAT I HAD TO MAKE SURE EVERYONE HAD A, THEIR, UH, RIGHT TO SPEAK, UH, PER PERSON NUMBER ONE.
I'M I'M CALLING IS, UH, PRESLEY PRESLEY SIGNED IND LIKE TO SPEAK SECOND, UH, BRAD JOHNSON? YES, SIR.
MS. LOFT, UH, MR. COLORADO HAD SPOKEN, VA SPOKE.
THANK YOU CHAIRMAN AND MEMBERS OF THIS BODY.
I AM A PRACTICING ATTORNEY AT CODES ROSE LAW FIRM AT 16,000 NORTH PARKWAY, DALLAS, TEXAS.
I'M ONE OF THE ATTORNEYS FOR THE DEVELOPMENT TEAM.
MY REMARKS ARE PRETTY CENTERED AROUND MY PERSONAL KNOWLEDGE ABOUT THE COMMUNITY OUTREACH.
IT TROUBLES ME TO HAVE TO DISAGREE WITH SOME OF THE PEOPLE WHO SPOKE EARLIER.
SO I WILL ONLY SPEAK TO WHAT I PERSONALLY KNOW.
I PERSONALLY REACHED OUT ON BEHALF OF THIS PROJECT TO ELECT ELECTED OFFICIALS THEIR OFFICE AND FOLLOWED THE FEEDBACK AND DIRECTION THAT THEY WOULD HAVE US TO DO TO REACH THE CERTAIN SECTORS OF THE COMMUNITY.
I WORK WITH THE DEVELOPMENT TEAM AND I PERSONALLY REACHED OUT TO PASTORS, ONE OF WHOM IS MY PERSONAL PASTOR.
I'VE REACHED OUT TO SHARON PATTERSON AT UNITED METHODIST.
THESE ARE PEOPLE I'VE KNOWN FOR 20 PLUS YEARS.
WE REACHED OUT TO PEOPLE THAT WERE STAKEHOLDERS AND LEADERS.
MY SISTER AND HER HUSBAND LIVE IN HAMILTON PARK AND WE WERE REACHED OUT TO THE HAMILTON PARK COMMUNITY.
THEIR CIVIC LEAGUE OR WHAT WE MIGHT CALL A HOMEOWNER'S ASSOCIATION, IS NOT AS ORGANIZED AS WHAT YOU MIGHT EXPERIENCE IN YOUR PERSONAL HOMEOWNER ASSOCIATIONS WHERE YOU GET NEWSLETTERS, EMAILS, ET CETERA.
SO THE FEEDBACK IS NOT THAT EVERY PERSON IN HAMILTON PARK OPPOSES THIS PROJECT CUZ I CAN SPEAK PERSONALLY ABOUT THE PERSONS I MET WITH WHO DID NOT KNOW ANYTHING ABOUT THE PROJECT BECAUSE THE ORDER BY WHICH YOU COMMUNICATE WITH THAT GROUP IS NOT AS ORGANIZED AS SOME OF THE OTHER HOMEOWNER ASSOCIATIONS.
BUT WE DID OUR VERY BEST TO REACH OUT WITHIN THOSE SECTORS.
I WAS ON ZOOM CALLS WITH SEVERAL OTHER PEOPLE IN THIS ROOM, AND I'M SURE GIVEN THAT ZOOM CALLS WERE RECORDED, IF YOU WERE SO INTERESTED IN GOING TO THAT LEVEL, YOU COULD SEE THAT THERE WERE SEVERAL PERSONS ON THOSE ZOOM CALLS.
AND WE HAD REPEATED MEETINGS WITH VARIOUS SECTORS OF THE VARIOUS HOMEOWNERS ASSOCIATIONS IN THE COMMUNITY.
SO I CAN ONLY SPEAK TO THE FACT THAT THERE WAS TRANSPARENCY TO THE EXTENT THAT WE COULD
[00:45:01]
POSSIBLY DO THAT.ALL THE COMMUNITY FUNERALS WERE FOLLOWED AND WE TOOK EVERY EFFORT WE COULD WITH MY PERSONAL KNOWLEDGE TO REACH OUT AND VISIT WITH THE, THE CHURCHES.
SOME OF THEM CHOSE TO NOT GET INVOLVED AND THAT WAS THEIR CHOICE, BUT TO THE EXTENT THAT WE COULD DO EVERYTHING WE COULD WITHIN THE MEDIUMS AFFORDED TO US.
SO COMMENTS ABOUT NO OUTREACH, NOT TRUTH, NO TRANSPARENCY, NO TRUTH.
THERE'S A TIMELINE FOR TAX CREDIT PROGRAMS, WHICH IS WHY THIS PROCESS HAS TAKEN SO LONG AND I CAN ONLY ASK YOU TO SERIOUSLY CONSIDER THIS PROJECT AND THE IMPORTANT ROLE THAT YOU'LL HAVE TO ALLOW THESE FAMILIES, SOME OF WHOM WILL BE VOUCHER HOLDERS, AND THIS PROJECT OUT MEASURE SO MANY BECAUSE THERE IS A MARKET COMPONENT TO THE PROJECT WHICH ALIGNS WITH THE CITY OF DALLAS'S HOUSING POLICY.
I APPRECIATE YOUR TIME AND ASK YOUR CONSIDERATION.
THAT CONCLUDES THE NAMES THAT I HAVE FOR, UH, SPEAKING HERE IN PUBLIC OR ON ZOOM.
UH, I BELIEVE RIGHT NOW WE'RE MOVING TO THE PRESENTATIONS.
MR. CHAIRMAN? MR. CHAIRMAN, I HAD SIGNED UP YESTERDAY WITH ERIN QUINTO.
MY NAME IS MAURA SCHREYER FLEMING AND HE CAN CONFIRM IT.
I SEE HE'S ON THE PHONE ON THE VIDEO.
SHE JUST DIDN'T MAKE COMMENTS, PLEASE.
SHE AND I ALSO BELIEVE ANOTHER MEMBER IN ALSO SIGNED IN LISA ROTHSTEIN WHO'S ON THE CALL TOO.
MS. MS. FLEMING, UH, PLEASE SPEAK, UH, STATE YOUR NAME, ADDRESS, AND THE AGENDA YOU'RE SPEAKING TO.
MY NAME IS MAURA SCHREYER FLEMING.
I LIVE AT 70 28 JUDY STREET AND I'M SPEAKING ON ITEM ITEM SEVEN.
I'M THE PRESIDENT OF THE HIGHLANDS OF MCCA, MCCANEY FOUR AND FIVE HOMEOWNERS ASSOCIATION AND WE'RE 247 FAMILIES JUST NORTH OF MACALLEN BOULEVARD AT MEANDERING WAY.
THE STANDARD SILVER LINE PROJECT HAS MANY PROBLEMS STARTING WITH ITS FUNDING THROUGH THE PFC MODEL.
THE CITY LEASES TAX EXEMPT LAND TO A DEVELOPER FOR 75 YEARS IN EXCHANGE FOR AT LEAST 50% OF THE UNITS BEING OFFERED TO TENANTS EARNING LESS THAN 80% OF THE AREA'S MEDIAN INCOME.
THE FIRST OPTION OFFERED PROPOSES 50% OF THE UNITS WILL BE AT MARKET RATE AND ONLY 45% OF THE UNITS WILL BE RESERVED FOR FAMILIES EARNING AT OR BELOW 80%.
AMI 45% DOES NOT MEET THE 50% PFC MODEL THRESHOLD.
THE TRUTH IN ACCOUNTING ORGANIZATION GIVES DALLAS CURRENTLY A D IN FINANCES.
YOU ARE PROPOSING DALLAS DUE WITH FEWER TAX DOLLARS AND THAT'S REALLY UNACCEPTABLE.
THE DECEPTIVE CLAIMS IN THIS PROPOSALS ARE PRETTY CONCERNING.
THE PROPOSAL STATES THAT THE, THE SITE IS CONVENIENTLY LOCATED DOWN THE STREET FROM THE SILVER LINE DART STATION THAT'S BEEN ALREADY DISCUSSED.
THE DART STATION IS LOCATED IN RICHARDSON AT U T D'S CAMPUS, WHICH IS ALMOST TWO MILES AWAY IN A 40 MINUTE WALK.
CROSSING SIX LANES OF COIT ROAD, WHICH HAS 55,000 CARS A DAY, DRIVING 45 MILES AN HOUR.
AND THE PROPOSAL STATES THAT IT'S AN EXCELLENT CANDIDATE TO INCREASE THE DENSITY IN THE AREA.
YOU'VE ALREADY HEARD THAT THERE'S AN ESTIMATE OF 5,000 MARKET RATE APARTMENT UNITS THAT ALL QUALIFY AS AFFORDABLE WITH ENTRANCES ON MAC CALLUM.
BETWEEN COIT AND MEANDERING WAY ALREADY.
IT'S NOT NECESSARY TO INCREASE THE DENSITY IN THE MACALLAN AREA AND THE RENTS THAT WERE PROPOSED IN THE PRESENTATION ARE HIGHER THAN THE CURRENT RENT.
THAT IS AN UNACCEPTABLE ERA THAT MAKES YOU QUESTION THE ACCURACY OF OTHER ASPECTS OF THIS PROPOSAL.
I HOPE THAT THIS PROPOSAL WILL BE REJECTED BY THE PFC IMMEDIATELY AS WORKFORCE HOUSING.
IT WOULD SHOW POOR JUDGMENT IF THE PFC PUTS THE STANDARD SILVER LINE PROJECT PROPOSAL FORWARD TO THE DALLAS CITY COUNCIL.
AND I TRULY HOPE BECAUSE WE LIVE NEAR MACALLEN BOULEVARD, WE'VE LIVED THERE FOR MANY, MANY YEARS.
THE WORK THAT THE PFC DOES IS VERY IMPORTANT WORK AND WE EXPECT THE PFC TO BE A GOOD NEIGHBOR, WHICH MEANS OUTREACH TO THE NEIGHBORHOOD.
WE ONLY LEARNED ABOUT THIS MEETING YESTERDAY AND A GOOD NEIGHBOR WOULD REACH OUT SOONER THAN THAT TO LET US KNOW OF PLANNING.
SO AGAIN, WE HOPE YOU WILL REJECT THIS PROPOSAL.
THANK YOU FOR YOUR TIME AND THANK YOU FOR YOUR WORK.
AND I BELIEVE LE LISA ROTHSTEIN ALSO SIGNED UP WITH MR. QUINTO YESTERDAY.
[00:50:01]
THANK YOU MS. FLEMING? YES MA'AM.ERIN, CAN YOU CONFIRM MS. ROTH? YES, MS. ROTHSTEIN, GO AHEAD.
MS. ROTHSTEIN, THANK YOU FOR LETTING ME MA'AM.
MY, MY NAME IS LISA ROTHSTEIN.
I LIVE AT 71 0 8 BREMERTON COURT.
UM, ALSO I'M SPEAKING ABOUT NUM ITEM NUMBER SEVEN AND I WILL SKIP OVER.
I'LL MAKE IT BRIEF BECAUSE A LOT OF MY, UH, CONCERNS WERE ALREADY ADDRESSED.
THAT WE ARE, ARE ACTUALLY NOT NEAR THE, THE A STATION FOR THE SILVER LINE AND THAT THE CLOSEST ONE IS 40 MINUTES TO AN HOUR WALK OR 40 MINUTES BY A DART BUS.
AND OUR, AND THAT WE WERE NEVER NOTIFIED OF THIS, UM, THIS DEVELOPMENT.
UM, WE ALREADY HAVE, UH, AFFORDABLE HOUSING, BUT THIS LOCATION IS A, HAS A VERY HIGH CRIME RATE, WHICH, AND, AND THE MORE UNITS THAT WE HAVE, THE LESS SAFE IT MAKES IT TO, UH, FOR THE TARGET DEMOGRAPHIC OF LOW INCOME RESIDENTS AND SINGLE MOTHERS.
AND THE REMOVAL OF THE CITY, COUNTY, AND SCHOOL DISTRICT TAXES THROUGH AN EXEMPTION OF 75 YEARS WILL ONLY FURTHER TAX OUR SCHOOL SYSTEM AS THEY CURRENTLY ARE.
CURRENTLY, THE ZONED ELEMENTARY SCHOOL HAS A FREE AND REDUCED LUNCH RATE OF 19.7% AND THIS RATE SOURCED TO 48% IN THE ZONED MIDDLE SCHOOL.
AND A TAX EXEMPTION WILL PUT AN, EITHER, EITHER AN EVEN FURTHER STRAIN ON OUR PUBLIC SCHOOL.
THEY, WE ALREADY HAVE THE, THE CURRENT ALMOST 5,000 UNITS IN THE AREA AND WE HAVE A PARKS DESERT.
WE DON'T HAVE PLACES FOR CHILDREN TO PLAY AND IT IS, MAKES IT UNSAFE FOR THE CHILDREN TO, TO BE ABOUT.
AND WE DON'T HAVE ENOUGH RESOURCES AS FAR AS FREE AND LOW INCOME MEDICAL FACILITIES FOR LOW INCOME HOUSEHOLDS TO SERVE.
EVEN THE CURRENT COMMUNITY, ADDING HUNDREDS OF MORE RESIDENTS WILL ONLY FURTHER PREVENT CURRENT RESIDENTS FROM GETTING CURRENT AND FUTURE RESIDENTS FROM GETTING THE HELP THEY NEED AT LOW OR NO COST.
IT WOULD BE A DISSERVICE TO FUTURE RESIDENTS TO PLACE THEM IN AN AREA WITH A HIGH CRIME RATE AND WITHOUT LO LOCAL RESOURCES TO SERVE THEM.
PLEASE TAKE THEIR SAFETY INTO CONSIDERATION AND HAVE THE DEVELOPERS FIND A BETTER AREA FOR THIS PROJECT.
PERHAPS CLOSER TO A D AN ACTUAL DART SILVERLINE STATION AS IT IS BEING MARKETED TO YOU.
UH, NUMBER FOUR, DISCUSSION OF APPROVAL.
THE MINUTES FOR JANUARY 24TH, 2023 SEATED ALICE PUBLIC FACILITIES PREPARATION APPROVE.
WE HAVE A MOTION TO APPROVE BY DIRECTOR MONTGOMERY SECOND.
SECOND BY DIRECTOR CALLIS TWO.
COMMENTS ON THAT? UH, THE, UH, MINUTES.
THERE ARE ALSO MY DISCREPANCIES HERE.
UM, SOME OF THEM IF YOU'LL LOOK AT, UH, ONE, TWO AND, UH, THREE ON ONE AND TWO, YOU'LL SEE THAT WE HAVE A PAST MEMBER, UH, LISTED AS VOTING INCORRECT.
MR. GRACIE, UH, VOTING IN FAVOR WITH THE REST OF US.
THEN ON NUMBER THREE, UH, YOU DON'T HAVE ANY CONCLUSION FOR WHAT IS STATED.
UH, IT DOESN'T STATE WHAT HAPPENED ON THAT PARTICULAR MOTION.
UM, WOULD YOU LIKE TO, WE HAVE A MOVE, A MOTION TO AMEND, WE CAN AMEND THE, UH, SPENCER'S COMMENTS.
SO THAT'LL COME BACK TO US NEXT MONTH.
IF HE DOESN'T, THAT'S WHAT I SUGGEST.
APPROVE IT WITH YOUR, YOUR COMMENT.
I, I DON'T KNOW WHAT YOU WOULD BE PUTTING FOR NUMBER THREE.
SO I HAVEN'T SEEN WHAT, WHAT THAT IS.
AND THEN TO MAKE SURE THAT THE, UH, VOTING TALLY IS CORRECT WITH ALL THE MEMBERS WHO DID VOTE, UH, IN FAVOR.
AND ALSO, UH, THOSE WHO DID NOT.
WILL THE MAKER OF THE MOTION ACCEPT A FRIENDLY AMENDMENT TO DEFER THE MINUTES UNTIL THEY CAN BE CORRECTED AND BROUGHT BACK TO US AT THE NEXT MEETING? YES, MA'AM.
MOTION WILL AFFORDED TO DEFER THE APPROVAL TO MINUTES TO THE NEXT BOARD MEETING.
ALL THOSE IN PAPERS SIGNIFIED BY SAYING AYE.
JUST HAVE ONE MORE THING I'D LIKE TO SAY, UH, TO ASK, IS IT POSSIBLE JUST TO REARRANGE THIS, HAVE THE MINUTES COME RIGHT OUT THE ROLL CALL? IT JUST DOESN'T SEEM TO FLOW TO ME WITH THAT BEING RIGHT AFTER PUBLIC TESTIMONY.
[00:55:01]
JUST ROLLING ON INTO ISSUES HERE.MOVING ON, NUMBER FIVE, DISCUSSION AND APPROVAL OF A RESOLUTION AUTHORIZING THE NEGOTIATION AND EX EXECUTION OF A TERM SHEET FOR THE PARK AT NORTH POINT AND PARTNERSHIP WITH L D G DEVELOPMENT TO BE LOCATED AT 99 99 TECHNOLOGY BOULEVARD, WEST, DALLAS, TEXAS.
HE CAN, UH, PRESENT THIS PROJECT BRIEFLY AND THEN WE CAN GO TO QUESTIONS.
UH, HI, I'M JAKE BROWN WITH LDG DEVELOPMENTS.
UH, I WILL ATTEMPT TO NOT TAKE UP TOO MUCH SMARTPHONE.
UH, I'LL ATTEMPT TO NOT TAKE UP TOO MUCH OF YOUR TIME TODAY.
I KNOW YOU'VE GOT A BUSY AGENDA.
UM, BUT AS AARON MENTIONED, WE'RE HERE TO TALK ABOUT AROUND HERE TO TALK ABOUT THE PARK AT NORTH POINT HERE IN DALLAS.
AND I WILL APOLOGIZE IN ADVANCE.
I CAN BARELY SEE THE SCREEN, SO IF I MISREPRESENT SOMETHING, I'M SORRY.
CAN WE GO TO THE NEXT SLIDE? UM, I'VE BEEN HERE BEFORE, SO I WON'T GO INTO THE COMPANY OVERVIEW, UM, TOO MUCH.
THE GOLFER, UH, I REPRESENT THE TEXAS DIVISION.
GOT A PORTFOLIO OF OVER 18,000 UNITS.
I THINK IT'S ALMOST 20 NOW ACTUALLY.
UM, BUT PRIMARILY FOCUSED IN THE AFFORDABLE SPACE, BUT WE DO MULTI-FAMILY IN GENERAL.
SO ANYTHING FROM AFFORDABLE TO WORKFORCE TO MARKET RATE AND I CAN'T SEE THAT, SO I'LL DO MY BEST TO GUESS.
UM, SO AGAIN, TALKING ABOUT THE PARK AT NORTHPOINT.
TWO MAIN TAKEAWAYS, UH, THAT I CAN REMEMBER FROM THE SLIDE IS THAT, UH, THIS IS A TWO PHASE DEVELOPMENT.
SO, UH, WHEN I REFERENCE THE PARK AT NORTHPOINT, I'M REALLY REFERENCING AS THE COLLECTIVE BOWL.
UM, SO IT'LL BE PLAN INTENDED TO BE OVER 600 UNITS IN TOTAL PHASE ONE AND PHASE TWO CONCEPT.
UM, THE PROPERTY, UH, IS AT 99 99 TECHNOLOGY BOULEVARD WEST, UH, IN NORTH DALLAS.
AND SAY IN DISTRICT SIX, THE PROPERTY'S GOT A 75,000 SQUARE FOOT OFFICE BUILDING ON IT CURRENTLY.
BUT THE SITE IS ZONED, IT'S ENTIRELY ZONED FOR, UH, IN MIXED USE.
SO IT ALLOWS FOR MULTIFAMILY BY RIGHTS AND, BUT AS FAR AS THE AMENITIES THAT YOU WOULD SEE AT THIS SIDE, I MEAN IT'S THE TYPICAL THINGS THAT WE WOULD PRESENT AT ANY OTHER DEVELOPMENTS, UM, THAT YOU GUYS HAVE CONSIDERED BEFORE.
SO POOL, CLUBHOUSE, UH, FITNESS CENTER, ALL OF THAT GOOD STUFF.
AND EACH PHASE WILL HAVE ITS OWN SET, OWN SET OF AMENITIES.
SO IT WON'T BE SHARING AMENITIES TIME.
AND THAT'S JUST A LOCATION MAP.
JUST SO YOU GUYS, IF YOU'RE UNFAMILIAR WITH THE LOCATION AT NORTH NORTHWEST OF DOWNTOWN DALLAS, DISTRICT SIX VISTA OFF 5 35 AVENUE, YOU, I INCLUDED A PROPERTY BOUNDARY MAP JUST SO YOU GUYS COULD SEE FROM SATELLITE VIEW THAT THERE IS AN OFFICE BUILDING PARKING LOT, ALL OF THE IMPROVEMENTS THAT YOU WOULD EXPECT FOR THE OFFICE BUILDING.
AND ALSO JUST TO KIND OF SEE THE STRANGE LAYOUT OF THE SITE.
UM, I DON'T HAVE A LARGER, IT DIDN'T INCLUDE A LARGER AERIAL IMAGE UNFORTUNATELY, BUT IF YOU LOOKED AT ANY OF THE INFORMATION MATERIALS THAT WERE PROVIDED, YOU CAN SEE THAT IT'S PART OF A, A LARGER DEVELOPMENT THAT CONSISTS OF EXISTING MULTI-FAMILY, COMMERCIAL RETAIL USES.
UH, JUST A WHOLE HOST OF THINGS RIGHT THERE AND, AND KIND OF A, A MASTER PLAN LAYOUT.
UM, BUT THIS IS THE BOUNDARY OF THE SUBJECT SITE THAT WE'RE TALKING ABOUT HERE.
UM, CAN YOU GO TO THE NEXT SLIDE? I THINK THAT MAY BE THE SITE PLAN.
YEAH, SO HERE'S THE SITE PLAN.
UM, AND AGAIN, YOU CAN KINDA SEE THE STRANGE LAYOUT OF THE SITE, BUT UH, IT'S ATTEMPTED TO DO OUR BEST TO KIND OF BIFURCATE DOWN THE MIDDLE OF IT TO CREATE THE PHASE ONE, PHASE TWO CONCEPT THERE.
UM, SO APPROXIMATELY 330 UNITS ON THE FIRST PHASE AND APPROXIMATELY 270 UNITS ON THE SECOND PHASE.
UM, I WOULD EXPECT, I'M SURE ONE OF THE QUESTIONS WILL JUST BE GENERALLY ABOUT TIMING OF THE TWO.
SO I, I WOULD EXPECT, UM, TO START CONSTRUCTION ON THE FIRST PHASE, HOPEFULLY BY THE END OF THIS YEAR.
AND THEN SECOND PHASE WILL PROBABLY BEGIN ONCE WE KIND OF BREACHED SUBSTANTIAL COMPLETION ON THE FIRST PHASE.
SO, UH, I WOULD EXPECT SOMEWHERE KIND OF IN THE 18 TO 29TH RANGE FOLLOWING CONSTRUCTION COMMENCEMENTS OF THE FIRST PHASE.
UH, AND THIS IS A RENDERING THAT I INCLUDED.
[01:00:01]
A BETTER RENDERING INCLUDED.AND IN THE PRESENTATION MATERIALS, I JUST SO YOU GUYS UNDERSTAND THAT THIS IS INTENDED TO BE, UH, FOUR STORY.
SO WHAT YOU SEE HERE IS THREE, BUT IT'S A VERY SIMILAR BUILDING TYPE.
UH, PROBABLY THE MOST SIMILAR THING THAT I HAVE KIND OF IN OUR, OUR LIST OF RENDERINGS.
UM, SAME ARCHITECTS DESIGNING IT, SO BE VERY, VERY SIMILAR.
UH, ONE THING TO NOTE, I DON'T THINK IT'S INCLUDED IN THE S RENDERING, IS THAT, UM, SOME OF THE BUILDINGS ARE ANTICIPATED TO HAVE KIND OF TUCK ON YOUR GARAGE STYLE.
UM, SO SOME UNITS OR SOME OF THE BUILDINGS WILL, WILL HAVE GARAGES AVAILABLE FOR RESIDENTS, UM, TO FART CARS IN.
SORRY, THERE'S A BIT OF A WAGON.
THE NEXT FEW, OUR NEXT FEW SLIDES, PICTURES, UM, KIND OF ARE TYPICAL WHAT YOU WOULD SEE AS FAR AS THE INTERIOR DESIGN OF OUR DEVELOPMENT.
SO, UM, EVERYTHING THAT YOU WOULD SEE AND EXPECT IN, IN A TYPICAL, UH, LDT PRODUCT AS FAR AS WOOD LOOK, FOUR GRANITE COUNTERTOPS, ENERGY EFFICIENT APPLIANCES, UH, VERY MODERN INTERIOR DESIGN.
UM, AND THEN THE NEXT SLIDE I BELIEVE IS EXTERIOR.
SO I MENTIONED THE AMENITIES BEFORE, BUT YOU CAN SEE IT THERE.
UM, POOL IN THE CLUBHOUSE, FITNESS CENTER, ALL ALL OF THAT GOOD STUFF.
UM, NOT TO BELABOR IT, BUT VERY SIMILAR TO WHAT, WHAT YOU GUYS HAVE SEEN BEFORE FROM US.
AND THEN THE ONE THING THAT'S PROBABLY THE MOST, IN ADDITION TO MULTIPLE PHASES THAT I WANT TO CALL YOUR ATTENTION TO AND I KNOW WAS INCLUDED IN THE, IN THE BOARD PACKET MATERIALS, IS THAT, UH, WE'RE ANTICIPATING, UH, CDBG FUNDS, UH, TO THIS PROJECT.
AND SO WE'RE CURRENTLY GOING THROUGH THE, THE, WHAT I GUESS IS CALLED THE PROCUREMENT PROCESS, UH, SUBMITTED THAT APPLICATION OR ANTICIPATING, UM, HOPING, ASSUMING THAT IT'S APPROVED TO RECEIVE A CDBG LOAN, THE AMOUNT OF $10 MILLION TO GO TOWARDS THE ACQUISITION OF THIS PROPERTY.
UH, AND SO THIS IS, THIS IS IT, THIS IS A LOAN, IT'S NOT A GRANT.
I KNOW IT CDBG HAS THE WORD GRANT IN IT, BUT IT IS FULLY REPAYABLE.
IT'S GOT AN INTEREST RATE WITH IT, UH, AT 1% THE TERM OF 40 YEARS.
AND SO IT'S ALONE IN THE TRUEST SENSE OF THE TERM AND I CANNOT FILL OUT OF ME READ WHAT THE OTHER BULLET PARTS ARE.
BUT IF YOU HAVE QUESTIONS WHEN WE GET THE QUESTIONS, I'LL BE HAPPY TO ANSWER 'EM.
I HAVE TERRIBLE, CAN'T SEE THAT.
BUT, AND I THINK THE LAST SLIDE IS, IT LAGS WHEN WE GET THERE.
UM, IT'S JUST A SUMMARY OF THE TERM SHEET, THE PROPOSED TERM SHEET WITH THE PFC.
SO UM, YOU'LL NOTICE, I'M GONNA SKIP AHEAD HERE.
YOU'LL NOTICE ON THE, ON THE BULLET POINTS REFERENCING THE SECOND PAGE OR THE SECOND PHASE THAT THERE IS NO RENT PAYMENT FOR THAT.
AND THAT'S BECAUSE IT'S TO BE NEGOTIATED.
AND THE INTENT BEHIND THAT IS, UM, YOU KNOW, WE DON'T WANT, WE WANNA BE A GOOD PARTNER AND NOT LOCK YOU GUYS INTO A RENT PAYMENT FOR SOMETHING THAT'S GONNA BE IN THE FUTURE.
SO, YOU KNOW, IF TWO OR THREE YEARS DOWN THE ROAD, IF THIS IS APPROVED AND, AND WE'RE READY TO START THE SECOND PHASE, AT THAT POINT WE'LL NEGOTIATE, UH, RENT THAT'S, THAT'S APPROPRIATE AND REFLECTIVE OF KIND OF THE CURRENT MARKET CONDITIONS.
THEORETICALLY IT WOULD LIKELY BE HIGHER, YOU KNOW, ASSUMING THINGS CONTINUE IN UPWARD TRAJECTORY.
UM, BUT BACK TO THE FIRST PHASE, WE'VE GOT TO RENT TO $425,000.
UH, OF COURSE THE STANDARD STRUCTURING FEE OF $250,000 PAID IN FULLS OF THE PFC AT CLOSING.
UM, AND THEN I'M THROWING OFF MEMORY ENTIRELY HERE, BUT I BELIEVE IT'S 15%, UH, OF REFINANCE, PRO NET REFINANCE PRO PROCEEDS AND THEN 2% OF ANY SALE DISPOSITION OF GAS.
AND I'M SURE THERE'S SOME, OH, THE 25% SALES TAX SAVINGS FEE.
SO LIKE OTHER DEVELOPMENTS THAT YOU GUYS HAVE SEEN FROM US AND FROM OTHER APPLICANTS, UM, IT WOULD BE ANTICIPATED THAT YOU GUYS WOULD SERVE AS THE GENERAL CONTRACTOR ON PAPER FOR PROVIDING A SALES TAX EXEMPT SHOWING THE CONSTRUCTION MATERIALS TO RESULT IN A DECENT AMOUNT OF SAVINGS THERE.
AND THEN OF COURSE YOU WOULD BE COMPENSATED AS SUCH FOR 25% OF THOSE SAVINGS.
UH, I BELIEVE THAT'S IT IN THE PRESENTATION.
I'M SURE I MISSED SOMETHING CUZ I CAN ONLY SEE ABOUT HALF OF IT AND REMEMBER THE OTHER HALF MAY.
SO IF YOU GUYS HAVE QUESTIONS, COMMENTS, CONCERNED, I'M MORE THAN HAPPY TO ADDRESS.
WELCOME UP TO FOUR FOR QUESTIONS AND COMMENTS, DIRECTOR CALLIS.
THANK YOU FOR THE PRESENTATION.
UM, AT CLOSING THE, UH, EXCUSE ME, D PFC IS GONNA REQUIRE ALL THE LAND, IS THAT CORRECT? THAT'S CORRECT.
SO WE WILL BE SITTING WITH SOME LAND THAT WILL BE DEVELOPED IN THE FUTURE AND WE'RE GONNA BE NEGOTIATING, UH, THE RIGHT ALONG THAT.
SO IF WE DON'T COME TO TERMS, I WANTED TO SIT THERE THEORETICALLY, I GUESS IT COULD, I I CAN TELL YOU THAT I WON'T SPEAK IN ABSOLUTE, BUT I DON'T THINK I WOULD ALLOW A SITUATION WHERE WE WEREN'T ABLE TO REACH SOMETHING THAT WAS AGREEABLE FOR BOTH OF US.
[01:05:01]
A FAIR POINT, I THINK THE CLARIFICATION NECESSARY.QUESTIONS? YES, MY DIRECTOR TOLEDO, SORRY.
UM, I, IT'S ALRIGHT, I'M DOWN HERE, BUT, OKAY.
UM, GENERALLY IN FAVOR, UH, GREG, THE THINGS I LIKED ABOUT THE PROJECTS, MANY WE'RE NOT DISPLACING RESIDENTS OBVIOUSLY WE'RE DISPLACING A VACANT OFFICE BUILDING, SO I THINK MADE IT VERY MUCH A NET POSITIVE.
ONE, ONE CONCERN I HAD WHEN IT CAME OUT WAS AN YOU ABOUT THIS, OH, I'M SORRY.
YOU NEED TO BE ON, WE NEED TO ON THE CAMERA.
UH, YEAH, A QUESTION I HAD WAS, UM, USING THE, THE CDB D G ALLOCATION USING ALL 10 MILLION ON ONE PROJECT.
AND UM, INITIALLY I HAD CONCERNS, WE, UH, I THINK, I THINK MS. JONES MENTIONED THAT 20 OR MS SLOT MENTIONED WE GET 22 MILLION A YEAR THEY'RE ABOUT TO HIDE.
SO I HAD A QUESTION LIKE, WELL IF THIS GETS APPROVED, WHAT HAPPENS TO OTHER, YOU KNOW, WORTHY APPLICANTS THAT MIGHT WANT DPG UH, FUNDS? AND WHY DON'T YOU GO AHEAD AND YEAH, AND IT'S, THANKS FOR BRINGING THAT UP.
AND I I I WILL START, I WILL ANSWER THAT AND LET ME PREFACE IT BY SAYING THAT IF I MISSPEAK STAFF, PLEASE CORRECT ME.
UH, BUT IT, IT IS MY UNDERSTANDING THAT A PORTION OF THESE FUNDS, PERHAPS ALL OF THEM, NOT A HUNDRED PERCENT SURE ON THAT WERE ORIGINALLY ATTRIBUTED TO AN OTHER PROJECT.
I'M NOT SURE OF THE DETAILS AND FRANKLY, I GUESS I DON'T NEED TO KNOW.
UH, BUT FOR ONE REASON OR ANOTHER, THAT PROJECT IS EITHER NOT UTILIZING THEM OR NOT MOVING FORWARD OR SOME COMBINATION OF TWO.
AND SO, UM, IT'S MY UNDERSTANDING THAT THE CITY WAS KIND OF IN A LITTLE BIT OF A PINCH TO A CERTAIN DEGREE WHERE, UM, THOSE FUNDS HAD TO BE SPENT, HAD TO BE ALLOCATED IN A CERTAIN TIMEFRAME.
AND I THINK THAT TIMEFRAME IS JULY OF THIS YEAR.
AND ESSENTIALLY IF THOSE FUNDS WERE NOT SPENT, THEY WEREN'T ALLOCATED, THEY GO BACK TO DC AND IT WOULD BASICALLY BE A WASH.
AND I SEE DEVI NOT IN HIS HEAD, AND SO MAYBE HE COULD SPEAK MORE TO THAT BEFORE I SAY SOMETHING THAT'S NOT TRUE.
YEAH, THERE, THERE WAS A, UM, A PROJECT THAT SHE HAD, UM, SAY ANOTHER TAX CREDIT PROJECT SO THAT, THAT, UM, DIDN'T END UP USING THE, THE, THE, THE FUNDS AND UM, ON AN ANNUAL BASIS THE CITY HAS TO EXPEND A CERTAIN NUMBER OF OUR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS OR WE LOSE THEM.
SO THIS WAS THE PROJECT THAT WAS IDENTIFIED THAT WOULD BE ABLE TO UTILIZE THEM IN TIME.
YOU'RE SAYING TO LIE, BUT WE REALLY NEED TO HIT JUNE, WE, WE CLOSE TOMORROW TO ENSURE THAT WE DON'T, THOSE FUNDS ARE NOT JEOPARDIZED.
THAT I WOULD ADD TO, I MEAN, NORMALLY WE'RE NOT TRYING TO JUST PUT