* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. OAKCLIFF [00:00:01] GATEWAY, TIP BOARD MEETING TO ORDER [Dallas Oak Cliff Gateway TIF District Board of Directors Meeting on April 24, 2023.] ON APRIL 24TH, 2023 AT, UM, 2:14 PM AND I'LL GO AHEAD AND TURN THE MEETING OVER TO OUR CHAIR. HEY EVERYBODY. THANK YOU SO MUCH FOR JOINING, AND SORRY FOR THE DELAYS. UH, WE'RE GETTING STARTED. UM, WE'D LIKE TO, UH, UH, WE'VE CALLED THE MEETING TO ORDER. UH, THERE'S PUBLIC COMMENTS PERTAINING TODAY. AGENDA ITEMS 3, 4, 5, AND SIX. UH, WE HAVE TO BE HEARD. REVIEW, UH, AGENDA ITEM NUMBER THREE IS REVIEW. CONSIDERED THE MEETING RECORD FROM THE DECEMBER 12TH, UH, 2022 OAK CLIFFE GATEWAY, TIFF, UM, DISTRICT BOARD OF DIRECTORS MEETING. WE NEED A MOTION TO APPROVE. I'LL MAKE A MOTION TO APPROVE. THANK YOU. WE SECOND AND A SECOND. SECOND. WAS THAT ORLANDO? YES. THANK YOU. ALL IN FAVOR. AYE. AYE. AYE. AYE. AYE. ALRIGHT. UH, IT'S APPROVED. A MOTION APPROVED. THANK YOU VERY MUCH. UH, NEXT ITEM ON THE LIST IS REVIEW AND CONSIDER A REQUEST BY AM VICTOR PROSPER, LLL C FOR A MINOR AMENDMENT TO THE DEVELOPMENT AGREEMENT OF THE BISHOP BAR STATION PROJECT TO CONVERT APPROXIMATELY 3,500 SQUARE FEET OF RETAIL SPACE INTO FIVE INDIVIDUAL RESIDENTIAL UNITS. SO THERE WAS A SUMMARY PROVIDED TO THE BOARD, AND FOR THOSE OF YOU'VE BEEN ON THE BOARD FOR A WHILE, YOU MIGHT RECALL, UM, BACK IN 2020, WE HAD A SIMILAR REQUEST TO CONVERT SOME, UM, RETAIL SPACE THAT WAS DIFFICULT TO LEASE UP INTO RESIDENTIAL UNITS. SO, UM, A VERY SIMILAR, UM, REQUEST THIS TIME. UM, STAFF THINKS IT'S REALLY STRAIGHTFORWARD, UM, GETTING SOME ADDITIONAL HOUSING UNITS, PARTICULARLY AN ADDITIONAL AFFORDABLE HOUSING UNIT WE SEE AS A BENEFIT. AND, UM, WADE JOHNS, UM, WITH THE DEVELOPMENT GROUP, UM, IS ONLINE IF THERE'S ANY QUESTIONS. HELLO, WADE? I THINK HAVING ME, I THINK WE CAN HEAR YOU. CAN YOU HEAR ME COMING NOW? UH, STILL LITTLE CHOPPY. DOES UH, ANYONE HAVE ANY QUESTIONS FOR WADE OR WOULD LIKE TO DISCUSS? I'VE GOT A COUPLE QUESTIONS. DID WE LOSE WADE? ME NOW? WE, WE CAN HEAR YOU NOW. THE BEST I'M TRYING TO FIX UP HERE. NO, I THINK, WAS IT TOM OR, UH, ORLANDO HAVING A QUESTION? I DIDN'T QUITE CATCH THAT. YEAH, IT, IT WAS ME, ORLANDO. OKAY. WHAT ABOUT NOW? IS THIS BETTER? THAT'S MUCH BETTER. ALL RIGHT, GREAT. SORRY ABOUT THAT. SO, SO I UNDERSTAND THE CONVERSION, UM, INTO RESIDENTIAL. I, WHAT I, WHAT I'D LIKE TO KNOW IS HOW MUCH ACTUAL RETAIL SPACE IS IN THIS DEVELOPMENT IF WE APPROVE THIS CONVERSION? UH, RIGHT NOW WE HAVE, UH, SEVEN EXISTING TENANTS. UH, WE'RE, WE'RE IN, UH, UH, BOTTLE NEGOTIATION FOR AN EIGHT TENANT. UH, SO THAT LEAVES ONLY ONE SPACE LEFT. SO WE'VE GOT 19,600 SQUARE FEET OF, OF, OF RETAIL SPACE RIGHT NOW. AND AS YOU KNOW, WHEN WE FINALIZE THIS NEXT LEASE, IT'LL ALL BE LEASED EXCEPT FOR THIS 3,500 SQUARE FEET. UH, THIS, THIS SQUARE FEET, IT'S KIND, IT'S, IT'S JUST KIND OF AWKWARD. IT'S HARD TO SEE FROM DAVIS AND WE JUST HAVEN'T BEEN ABLE TO GET A LOT OF INTEREST. UH, SOME SOMEONE TO RENT IT. UH, WE HAVE OTHER GROUND FLOOR, UH, APARTMENT UNITS ON THE PROJECT THAT ARE ALWAYS THE FIRST TO LEASE. THEY'RE VERY POPULAR. THEY CREATE AN ACTIVE STREET SPACE, AND WE LIKE HAVING AN ACTIVE GROUND FLOOR. THESE ARE ALL DIRECT ACCESS UNITS FROM THE UNIT TO THE SIDEWALK. SO ESPECIALLY DOG LOVERS, LIKE ON PET OWNERS LIKE 'EM, THEY KIND OF FEEL LIKE A TOWN HOME FEEL. PEOPLE LIKE 'EM A LOT. WE LIKE TO ACTIVATE THE SPACE AND OBVIOUSLY WE LIKE TO HAVE, UH, THE INCOME TOO. SO WE'VE NOT HAD A LOT OF TRACTION ON THIS ONE SPECIFIC SPACE. OTHERWISE, AFTER THIS CONVERSION IS DONE, THEN WE WOULD HAVE ALL THE, THE RETAIL SQUARE FOOTAGE LEASED ORLANDO. UM, IF THIS CONVERSION'S APPROVED, THEY WOULD HAVE JUST A LITTLE OVER 16,000 [00:05:01] SQUARE FEET TOTAL. OKAY. OKAY. THAT, THAT'S WHAT I NEEDED. THANK YOU. MM-HMM. , OTHER COMMENTS? GREAT. UH, IF NOT, UH, WOULD SOMEBODY LIKE TO MAKE A MOTION? I MOVE APPROVAL. SECOND. WAS THAT, UH, JOE? YES, IT WAS. THANK YOU, JOE. GREAT. ALL IN FAVOR? AYE. AYE. AYE. ANY, ANY OPPOSED? PASSES? THANK YOU VERY MUCH. HEY, IF, IF I COULD JUST SAY REAL QUICK, UH, HOW MUCH I APPRECIATE THE CITY SUPPORT OF OUR PROJECT HERE. UH, THEY'VE DONE A GREAT JOB. IT'S GREAT WORK WITH SUE, THE TIF BOARD, UH, THE ECONOMIC DEVELOPMENT. AND ALSO I REALLY APPRECIATE YOU GUYS, UH, VOLUNTEERING YOUR TIME FOR OUR CITY. SO THANK YOU. THANK, THANK YOU. WAIT. ALL RIGHT. ON TO THE NEXT ONE. UM, THIS IS, UH, RECEIVER INFORMATIONAL PRESENTATION FROM THE CITY'S DEPARTMENT OF HOUSING AND NEIGHBORHOOD REVITALIZATION REGARDING IMPLEMENTATION OF A NEW HOUSING POLICY, INCLUDING THE IDENTIFICATION OF, UH, EQUITY STRATEGY TARGET AREAS THAT MAY INCLUDE NEIGHBORHOODS IN OR ADJACENT TO THE OAK CLIFF GATEWAY TEMP DISTRICT. THIS IS, UH, FOR INFORMATIONAL PURPOSES. HI, GOOD AFTERNOON. THANKS FOR HAVING ME. MY NAME'S THOR. I'M ASSISTANT DIRECTOR, DEPARTMENT OF HOUSING AND NEIGHBORHOOD REVITALIZATION. UM, A FEW MONTHS BACK I WAS, UH, AS APPROACHED IN TERMS OF, UM, TALKING ABOUT THIS TIF DISTRICT AND HOW WE MIGHT UTILIZE SOME FUNDS OUTSIDE OF THE BOUNDARIES FOR HOUSING PURPOSES, RESERVE UNITS, OR TO, UM, INVEST IN NEW UNITS, UM, AS IT'S RELATED TO THE TIF MISSION. UM, AT THE SAME TIME, UH, THE DEPARTMENT WAS GOING THROUGH OUR NEW HOUSING POLICY. WE, WE HAVE BEEN WORKING ON THIS FOR THE LAST COUPLE YEARS, AND, UH, A KEY COMPONENT OF THIS STRATEGY LOOKS TO IDENTIFY, UH, AREAS OF TOWN TO BE TARGETED AREAS. UH, SO BEFORE WE JUST CAME OUT AND SAID, HERE'S ALL OF OUR PROGRAMS, HERE'S WHAT WE DO. UH, WE WANTED TO TAKE A STEP BACK AND I WANNA WALK YOU THROUGH WHAT OUR NEW HOUSING POLICY SAYS JUST FROM AN INFORMATIONAL POINT OF VIEW, SO THAT WE CAN TALK ABOUT, UH, THE STRATEGY MOVING FORWARD IN THE BEST WAY THAT WE CAN, UH, ALIGN RESOURCES AND WORK TOGETHER. UH, SO NEXT SLIDE PLEASE. ONE MORE. SO THE, THIS DIAGRAM SHOWS, UH, THE WORK THAT'S TRANSPIRED IN THE LAST, UM, COUPLE YEARS. IN 2020, WE, UH, CITY COUNCIL OF DR. LEVI, UM, STRATEGIC LIKE, UM, STATEMENTS, WHICH WAS A, UH, RACIAL EQUITY AUDIT OF OUR COMPREHENSIVE HOUSING POLICY. UM, WE NEEDED TO CRAFT A VISION STATEMENT. WE NEEDED TO HAVE SMART GOALS. WE NEEDED TO PREVENT DISPLACEMENT, WE NEEDED TO DO INVEST IN COMMUNITY EDUCATION. 11 OF THOSE, UM, AS CITY COUNCIL, UM, ADOPTED THOSE. IT WAS ACKNOWLEDGED THAT MORE WORK NEEDED TO BE DONE TO LOOK AT OUR CONFERENCE OF VALLEY POLICY, ACTUALLY REREAD AN ENTIRE NEW POLICY. AND SO LAST YEAR, DECEMBER, 2022, UH, THE SEVEN PILLARS OF RACIAL, UH, HOUSING AND RACIAL EQUITY CAME OUT. AND THESE NOW BECOME THE GUIDING PRINCIPLES OF OUR POLICY. THAT WAS TO HAVE EQUITY STRATEGY, TARGET AREAS OF CITYWIDE PRODUCTION, CITYWIDE PRESERVATION, INFRASTRUCTURE, COLLABORATION, COORDINATION, ENGAGEMENT, AND EDUCATION. THIS IS ALL THE POLICY FRAMEWORK THAT IS THOUGH, UH, OVERSEEN BY CITY COUNCIL'S PURVIEW AND AUTHORITY AS IT GOES INTO THE CENTER AREA. WE HAVE OUR HOUSING DEPARTMENT, THE CITY MANAGER'S OFFICE, AND OTHER DEPARTMENTS WHERE WE NEED TO WORK COLLABORATIVELY IN TERMS OF THE PROGRAMS THAT WE OFFER. AND A LOT OF THOSE PROGRAMS WHILE ADOPTED BY CITY COUNCIL, UM, ARE, ARE RUN BY STAFF BECAUSE STAFF HAS AUTHORITY TO ADMINISTER THINGS LIKE HOME REPAIR, UH, NOFA TO INVEST IN WITH DEVELOPERS IN NEW DEVELOPMENT. UH, HELPING PEOPLE WITH CLEAR TITLES SO THAT THEY CAN, UM, HAVE RIGHTS TO THEIR ASSET. UH, BUT MOST IMPORTANTLY, IT'S SURROUNDED BY, UM, BANKS AND FOUNDATIONS, UM, NONPROFIT PARTNERS AND FOR-PROFIT PARTNERS, NEIGHBORHOOD, COMMUNITY BASED ORGANIZATIONS AND COMMUNITY MEMBERS. BECAUSE AT THE END OF THE DAY, OUR WORK IS TO SERVE THE COMMUNITY AND THE, AND THE WORK THAT WE HAVE, UH, BUILDS NEIGHBORHOODS. AND SO MY PURVIEW OF WORK IS ON NEIGHBORHOOD AND VITALIZATION FOR THE DEPARTMENT. SO HOW WE CARRY OUT THIS POLICY, UM, IN NEIGHBORHOODS WITH RESIDENTS IS VERY IMPORTANT. NEXT SLIDE, PLEASE. ALL OF OUR PROGRAMS ARE LISTED IN WHAT'S CALLED THE DALLAS HOUSING RESOURCE CATALOG. SO BEFORE WE HAD A COMPREHENSIVE HOUSING POLICY, THAT POLICY WAS BOTH THE [00:10:01] POLICY STATEMENTS AS WELL AS THE PROGRAMS. UH, HERE'S ALL THE PROGRAMS THAT WE OFFER. WE HAVE EIGHT DIFFERENT HOME REPAIR PROGRAMS. WE THAT, THAT FOCUS ON LEAD ABATEMENT TO RECONSTRUCTION, TO SENIOR MINOR HOME REPAIR. UH, WE HAVE OUR LAND TRANSFER PROGRAMS. WE, UM, HAVE, UH, HALE TITLE PROGRAMS. WE HAVE SPECIAL FUNDING COMING THROUGH PARK TO DO HOME REPAIR AND INFRASTRUCTURE DEVELOPMENT. AND THEN WE HAVE OUR THREE CORPORATIONS, THE DALLAS HOUSING ACQUISITION DEVELOPMENT CORPORATION, WHICH IS OUR LAND BANK AND OUR DALLAS HOUSING FINANCE AND PUBLIC FACILITY CORPORATIONS, WHICH ARE REALLY MECHANISMS TO PARTNER WITH THE DEVELOPMENT COMMUNITY TO BRING MORE AFFORDABLE MARKET RATE UNITS ONLINE, EITHER THROUGH, UM, PURCHASE REHAB OR DIRECT NEW DEVELOPMENT, UH, WHICH HAVE THE ABILITY TO OFFER LONG TERM PROPERTY TAX, UH, FORGIVENESS OR, UM, UM, YOU KNOW, ABATEMENT IN TERMS OF RESERVING AFFORDABLE UNITS. SO THERE'S A LOT OF, LOT OF RESOURCES THAT WE HAVE TO DEPLOY AT ANY ONE GIVEN PLACE OR ACROSS THE CITY. UM, NEXT SLIDE PLEASE. WE'LL SHOW YOU THAT THE POLICY HAS ITS SEVEN PILLARS AND THE CATALOG HAS ITS ORGANIZING STRUCTURES IN TERMS OF THE PROGRAMS THAT ARE OFFERED TO HOMEOWNERS, DEVELOPERS, CORPORATIONS. AND THEN THE MIDDLE IS THE ALIGNMENT. UM, EACH PILLAR HAS ITS OWN SMARTY GOAL, UM, SMART, MEASURABLE, ACTUAL GOAL. UH, AND EACH PROGRAM WILL HAVE THAT. UH, WE WANNA MAKE SURE THAT WE HAVE GOALS THAT HAVE A 10 YEAR VISION. I'LL GO THROUGH SOME OF THOSE IN A MINUTE. UH, AND THAT EACH PROGRAM IS WORKING YEARLY TO WORK TOWARDS ACHIEVING THOSE GOALS SO THAT WE HAVE MAXIMUM IMPACT. NEXT SLIDE, PLEASE. IT'S IMPORTANT TO NOTE THAT THE HOUSING POLICY IS NOT A STANDALONE DOCUMENT, BUT IT IS, IT'S EMBEDDED. UM, COLLABORATION COORDINATION IS ONE OF OUR PILLARS. AND THAT THERE'S A LOT OF REALLY GREAT INITIATIVES GOING ON IN THE CITY RIGHT NOW FROM FORWARD DALLAS TO THE ECONOMIC DEVELOPMENT POLICY, UH, TO THE RACIAL EQUITY PLAN, UM, TO CCAP. UM, AND THERE'S, THERE'S PIECES OF HOW HOUSING HAS TO BE, UH, THOUGHT ABOUT DEVELOPED AND PRESERVED THAT HAVE TO ALIGN ACROSS THE BOARD, ACROSS ALL CITY DEPARTMENTS AND INITIATIVES. CUZ IF WE'RE OUT THERE DOING OUR OWN THING, WE DON'T HAVE ANY INTEGRATION AND EVERYTHING, UM, YOU REALLY DON'T GET TO ACCOMPLISH A WHOLE LOT OF, UM, OF UNITS. AND THAT DOESN'T HELP ANYONE. AND SO WE WANNA MAKE SURE THAT HOUSING IS NOT THE CENTER OF THE UNIVERSE. UM, IT IS ONE COMPONENT IN A SLEW OF DEPARTMENT INITIATIVES THAT ARE MORE RECENT AND ARE ALL VERY STRONG AND WORK TOGETHER. NEXT SLIDE PLEASE. SO THE EQUITY STRATEGY TARGET AREAS REALLY IS TO IDENTIFY SPECIFIC DISPARITIES IN HOUSE AND OPPORTUNITIES TO REDUCE THE, USING A TARGETED APPROACH. WHAT THIS MEANS IS WE'RE GONNA USE DATA TO INFORM AREAS OF TALENT THAT HAVE COMPOUNDED DISPARITIES. THEY MIGHT HAVE INFRASTRUCTURE DEFICITS, THEY MIGHT HAVE, UH, WORSENING HOUSING, UH, STOCK. THEY MIGHT HAVE, UH, YOU KNOW, MORE SENIORS. THEY MIGHT BE IN CLOSE PROXIMITY TO TIF DISTRICTS OR WHERE THERE ARE AREA REDEVELOPMENT PLANS GOING ON BY PLANNING, UH, THEY MIGHT BE IN RACIALLY CONCENTRATED AREAS OF POVERTY WHERE WE NEED TO, TO WORK ON SOMETHING. SO WE'RE GONNA BE PRODUCING A WEIGHTED ANALYSIS THAT HELPS US IDENTIFY DIFFERENT AREAS OF TOWN. UM, SOME THAT MIGHT BE MORE DISPLACEMENT, UM, INVOLVED. SOME MIGHT BE MORE REDEVELOPMENT INVOLVED. AND SO WE HAVE A VARIETY OF, OF LOCATIONS WHERE WE CAN TARGET ALL OF THOSE TOOLS THAT I SPOKE ABOUT ON DIFFERENT PROGRAMS OR MAYBE EVEN COMBINE THEM OR CREATE NEW ONES FOR VERY SPECIFIC NEEDS TO ADDRESS THE AREAS THERE. AND SO WHEN WE'RE LOOKING AT AREAS AROUND THE TIF DISTRICT OR EVEN WITHIN THE TIF DISTRICT FROM A HOUSING PERSPECTIVE, THERE'S A LOT A VARIETY OF NEEDS THAT COME UP. BUT BEFORE WE SAY WE WANT TO COME IN AND DO PRESERVATION ACTIVITIES OR THIS AND THIS WITH DIFFERENT FUNDING SOURCES, WE WANNA MAKE SURE THAT IT'S PART OF A LARGER STRATEGY. SO THIS WORK DOESN'T JUST SIT OUT HERE ON AN ISLAND, BUT IT'S INTEGRATED INTO OUR NEW APPROACH FROM THE HOUSING DEPARTMENT SITE. PLEASE, WE ACKNOWLEDGE THAT WE STILL NEED CITYWIDE PRODUCTION. SO EVEN THOUGH WE IDENTIFYING TARGET AREAS TO, TO NEW PRODUCTION, THE WHOLE CITY NEEDS UNITS. UM, VFW REGION IS SHORT, SOME 85,000 UNITS AND DALLAS NEEDS TO, UH, BUILD MORE UNITS FROM, FROM AS MANY OF THOSE AS AFFORDABLE FOR AS LONG AS WE CAN RETAIN A POINT OF VIEW, UM, SO THAT WE CAN CONTINUE TO, UM, ATTRACT PEOPLE TO MOVE TO THE CITY OF DALLAS AND NOT JUST OUR REGION. WELL, REGIONAL APPROACH IS VERY, UH, IMPORTANT. UH, HAVING A GUT IMPACT BASE WITH HOUSING STOCK AND THE NEIGHBORHOODS THAT PEOPLE WANNA LIVE IN IN DALLAS IS A VERY IMPORTANT, UH, COMPONENT SLIDE PLEASE. WELL, CITYWIDE PRESERVATION, WE KNOW ABOUT 50% OF THE EXISTING HOUSING UNITS RIGHT NOW, WERE BUILT IN 1980 OR BEFORE. [00:15:01] AND SO WHAT THAT TELLS US IS WE HAVE AN AGING HOUSING STOCK, NOT NECESSARILY AN OLD HOUSING STOCK, BUT AN AGING ONE. UM, AND THAT ROUGHLY 25,000 UNITS IN THE CITY OF DALLAS ARE IN FAIR OR WORSE CONDITION. UM, WHICH TELLS US THAT PEOPLE ARE, ARE LIVING IN SUB SUB SUBSTANDARD CONDITIONS OVERALL. AND WHILE IT'S A SMALL PERCENT OF THE OVERALL UNITS, UH, THERE STILL NEEDS TO BE A LOOK AT PRESERVATION. UH, WE KNOW SOME 13,000 LITECH UNITS WILL EXPIRE WITHIN THE NEXT 10 YEARS ACROSS THE CITY. WHERE IS LITECH? LITECH IS OUR LOW INCOME HOUSING TAX CREDIT. THESE ARE LONG-TERM RESERVED UNITS FOR OUR FOUR DIFFERENT AFFORDABILITY LEVELS. AND SO THESE ARE APARTMENTS THAT HAVE, UM, YOU KNOW, INCOME LIMITS AND WHO CAN RENT THEM, BUT ALSO A RENTABLE PRICE AND HOW MUCH THEY CAN BE RENTED FOR, FOR A RESERVING OF RENTAL UNITS ACROSS THE CITY. AND WHILE IT MIGHT, MAY NOT MEAN WE NEED TO REPLACE EACH RENTAL UNIT IN ITS CURRENT LOCATION, WE DO NEED TO MAKE SURE THAT WE CONTINUE TO HAVE RESERVE RENTAL UNITS FOR LOW INCOME RENTER POPULATIONS ACROSS THE CITY. UH, NEXT SLIDE PLEASE. IN A LOT OF AREAS IN TOWN, THERE NEEDS TO BE SIGNIFICANT INFRASTRUCTURE, UM, THAT THAT'S PUT IN IN ORDER TO HELP OFFSET THE DEVELOPMENT COSTS. SOMETIMES THIS IS DIRECT INFRASTRUCTURE LIKE WATER, SEWER LINES, STREET SIDEWALKS, UH, BUT IN OTHER TIMES IT'S LIKE NEW AMENITIES LIKE, UM, UM, INFRASTRUCTURE AT BROADBAND. UH, HAVING THE ABILITY TO HAVE PARKS AND TRAILS AND THE HEALTH COMPONENTS OF BEING OUTSIDE IN YOUR NEIGHBORHOOD, UH, BEING IN CLOSE PROXIMITY OR NOT IN CLOSE PROXIMITY TO ENVIRONMENTAL INJUSTICE AREAS. AND SO WE NEED TO LOOK AT WHERE WE DEVELOPING, HOW WE INCENTIVIZE DEVELOPMENT BY INVESTING IN INFRASTRUCTURE TO SPUR NOT ONLY HOUSING DEVELOPMENT, BUT UH, ECONOMIC DEVELOPMENT ACROSS THE CITY. AND THIS IS ONE WHERE WE PARTNER PRETTY CLOSELY WITH ECONOMIC DEVELOPMENT, UH, PUBLIC WORKS, TRANSPORTATION, WATER DEPARTMENT, UH, IN ORDER TO IDENTIFY WHERE THESE AREAS ARE COEXIST. NEXT SLIDE PLEASE. OUR HOUSING POLICY CALLS FOR COLLABORATION AND COORDINATION. UH, IT'S ABOUT ALIGNMENT STRATEGIES AND, UH, IMPACT OF PARTNERSHIPS. SO WE LOOK TO ACTUALLY WRITE, UH, FORMAL AGREEMENTS WITH DIFFERENT DEPARTMENTS TO SAY, WHEN WE'RE WORKING IN THIS LOCATION, HERE'S WHAT WE EXPECT YOU TO DO AND HERE'S WHAT WE'RE GONNA DO. SO WE CAN BE TRANSPARENT AND OPEN WITH THOSE COMMUNITIES IN TERMS OF WHAT OUR COMMITMENT IS ACROSS DEPARTMENTS. UM, LIKEWISE, WE NEED TO PARTNER WITH OUR DEVELOPMENT COMMUNITY OR CONTINUE PARTNERING AND GROW THOSE PARTNERSHIPS SO THAT WE CAN LEVERAGE WHAT DOLLARS WE HAVE FROM A, FROM A, FROM THE LOCAL GOVERNMENT, FEDERAL GOVERNMENT TO INVEST IN, UH, THE NEW PRODUCTION OR PRESERVATION ACTIVITIES. SO WE CONSTANTLY LOOK FOR CONTRACTORS, DEVELOPERS, UM, FOLKS IN THE, THE COMMUNITY THAT CAN HELP, UM, BRING MORE TRUST, MORE RESOURCES, UH, ALONGSIDE OF US WHEN WE'RE LOOKING TO PRODUCE MORE HOUSING UNITS. NEXT SLIDE PLEASE. PILLAR SIX SAYS, ENGAGEMENT. THE CITY IS WORKING ON A MORE ROBUST ENGAGEMENT PHILOSOPHY FROM A CITY PERSPECTIVE, BUT WE KNOW THAT WE'RE GOING TO IDENTIFY STRATEGY TARGET AREAS AND START TO TALK ABOUT THE NEEDS, WHAT WE'VE BEEN MISSING AND WHAT ARE THE ASSETS AND CURRENTLY IN PLACE. THIS REALLY IS ABOUT ENGAGEMENT. SO WORKING WITH RESIDENTS IN THOSE PLACES TO IDENTIFY WHAT HISTORICALLY IS WORKING AND WHAT HISTORICALLY HAS NOT WORKED, UM, AND WHAT ARE THE CURRENT NEEDS AND WHAT ARE THE FUTURE NEEDS SO THAT WE CAN BETTER, UH, WORK WITH THOSE RESIDENTS TO BRING THE DIFFERENT RESOURCES THAT WE HAVE AVAILABLE OR TO RECRUIT THE DIFFERENT DEPARTMENTS OR EVEN THOSE EXTERNAL PARTNERSHIPS, UH, TO THAT AREA. BECAUSE WE KNOW SOME AREAS MIGHT HAVE A LOT OF SAY, PRIME ISSUES OR TRASH ISSUES OR SOMETHING THAT'S NOT AT THE HOUSING'S PURVIEW, BUT WE CAN, WE CAN CONVENE WITH OUR DIFFERENT DEPARTMENTS AND STAKEHOLDERS TO, TO BRING THOSE RESOURCES TOGETHER. BUT ALL OF OUR WORK IS THROUGH HEAVY, ROBUST ENGAGEMENT. AND FINALLY, UH, MY NEXT SLIDE TELLS ME THAT, UH, WE DO, UM, EDUCATION. UH, WE'RE WORKING ON PRODUCING A LIVE DASHBOARD THAT SHOWS ALL OF HOUSING'S DATA, UH, ALL OF OUR, OUR WORK TO SHOW WHERE IT IS SPATIALLY, UH, THROUGH, THROUGH MAPPING, UH, HOW MUCH MONEY WE'VE INVESTED. UH, WE'RE LOOKING TO HAVE THIS BREAKDOWN BY COUNCIL DISTRICT, UM, AS WELL AS, UM, UH, LOOKING AT IT MAYBE FROM CENSUS TRACKS OR ZIP CODES, AS WELL AS JUST DIFFERENT WAYS TO SEPARATE THE, THE CITY WHEN WE LOOK AT DATA FROM A A SPATIAL COMPONENT. SO WE'RE WORKING ON THAT DASHBOARD SET TO HAVE THAT GO LIVE BY THE END OF THE YEAR. UM, AND THEN WE'RE LOOKING TO HAVE SOME OF THE HISTORICAL EVENTS, THE NEIGHBORHOOD HISTORIES IN PLACE, UH, ACKNOWLEDGED IN SOME FORMAL EXHIBIT, UH, WITH, UM, WITH PARTNERS TO HELP TELL THE STORY OF HOW WE GOT TO THE PLACE WE ARE IN MANY NEIGHBORHOODS AND HOW WE'RE GONNA MOVE THROUGH THAT, UH, TO ACKNOWLEDGE THE HISTORY BUT MOVE FORWARD AND BRING NEEDED RESOURCES TO AREAS WHO HAVE BEEN BEEN HISTORICALLY DISADVANTAGED. [00:20:01] AND THEN MY NEXT SLIDE IS REDUNDANT, UH, MY PREVIOUS SLIDE. SO WITH THAT, UH, I WILL CONCLUDE MY PRESENTATION AND JUST A GENERAL OVERVIEW OF OUR NEW HEALTH AND POLICY. UH, AND HAPPY TO ANSWER ANY QUESTIONS YOU MIGHT HAVE ABOUT THAT DIRECTION OR ANY OF THE WORK THAT WE DO. HAVE A QUESTION. UM, ONE OF THE BIGGEST PROBLEMS THAT I'VE HEARD FROM SO MANY DEVELOPERS IS THE PERMIT. SURE. IT IS JUST AWFUL. IN FACT, UH, THIS DISTRICT HERE, ONE PROJECT ABOUT A HUNDRED MILLION DOLLAR PROJECT ALMOST FELL BECAUSE THEY COULDN'T GET PERMITTING AND THEY SAID, LOOK, OUR CAPITAL IS, WE'RE GONNA JUST GO TO ANOTHER CITY, GET THE HIDE DOWN ELSEWHERE. UM, IS THERE ANY THOUGHT OR ANY INTERFACE BETWEEN THE PERMITTING GRIDLOCK THAT WE'RE FACING ACROSS THE CITY AND ECONOMIC DEVELOPMENT AND HOUSING? THAT'S A GREAT QUESTION. UH, I CAN'T SPEAK TO IT FROM AN ECONOMIC DEVELOPMENT SIDE, BUT FROM THE HOUSING SIDE, UH, WITH BUILDING INSPECTION SERVICES, UH, WE'VE AC ARE ACTUALLY STANDING UP AN AFFORDABLE HOUSING, UH, TASK FORCE, UH, DEDICATED STAFF THAT WORK ON PROJECTS AND WE TELL THEM WE'VE INVESTED IN HAVE AN AFFORDABLE HOUSING COMPONENT SO THAT THERE'S DEDICATED STAFF THAT CAN HELP THOSE DEVELOPERS MOVE THEIR EARNINGS THROUGH THE PROCESS. UM, IS THERE CONTINUAL EDUCATION FROM THEM? MAKING SURE THE DEVELOPER KNOWS HOW THE SYSTEM WORKS AND CAN MAKE SURE THAT WHEN THEY DO SUBMIT IT'S ACCURATE AND COMPLETE? UH, ONE OF THE THINGS WE'RE DOING, WE HAVE UPCOMING CONTRACT RECRUITMENT FAIRS AND WE'RE TEAMING WITH THEM TO DO A SHORT PRESENTATION TO THOSE CONTRACTORS WHO MIGHT WANNA WORK WITH US ON HOW TO SUBMIT FOR BUILDING PERMITS TO ENSURE, UH, EFFICIENT TURNAROUND TIMES. UM, THERE'S STILL WORK TO BE DONE OBVIOUSLY AS THE THESE THINGS STAND UP. BUT FROM A HOUSING PERMIT INTEGRATION, UH, WE'RE WORKING OUT THOSE, THOSE SYSTEMS SO THAT WE CAN BE IN DIRECT COMMUNICATIONS, UH, IN TERMS OF WHICH ONES THAT WE'RE INVESTING IN. ESPECIALLY CUZ WE HAVE FEDERAL FUNDS THAT HAVE, UH, EXPIRATION TIME ON THEM OFTEN AND WE NEED TO MAKE SURE WE GET THOSE FUNDS ENCUMBERED AND SPENT, UH, BY CERTAIN MILESTONES SO WE DON'T LOSE THOSE FUNDS. YEAH, NO THANK YOU CUZ I, I'VE HEARD THAT'S THE, THE BIGGEST GRIP. IT'S NOT THAT WE HAVE THE SHORT OF PEOPLE WANTING TO, TO INVEST IN THE CITY, IT'S JUST CAN'T. AND THEN YOU HEAR, OR FOR TWO, THREE YEARS TO GET A SIMPLE PERMANENT SURE. SO THAT WOULD BE THE BIGGEST ROADBLOCK I COULD HAVE MENTIONED. YEAH, WE GAVE A BOB PRESENTATION EARLIER TODAY TO HOUSING COMMITTEE AND WE'RE ASKING FOR SUBSTANTIALLY MORE SUPPORT COMING TO HOUSING OVER THE NEXT 10 YEARS. BUT ONE OF THE SLIDES WE MENTIONED IS WE'LL NEED MORE INSPECTORS, WE'LL NEED MORE LEGAL STAFF, WE'LL NEED MORE STAFF OURSELVES BECAUSE IF WE PLAN TO SCALE UP JUST FINANCIALLY TO INVEST MORE, BUT WE NEED MORE PEOPLE TO PULL THAT OFF AND WE NEED TO MAKE SURE THAT THOSE PEOPLE HAVE SOME TECHNICAL TRAINING IN ORDER TO, YOU KNOW, HIT THE GROUND RUNNING TO BE ABLE TO SUPPORT THAT TYPE OF GROWTH. SO HOW, LOOKS LIKE LUIS SAID THIS CAME, I I DID AND IT'S A RELATIVELY QUICK ONE. UH, THON SLIDE EIGHT AND YOU DON'T HAVE TO GO BACK THERE. YOU TALKED ABOUT, UM, THIS IS HOUSING PRODUCTION, AFFORDABLE HOUSING PRODUCTION, AND YOU MENTIONED A NUMBER OF HOUSING NEED. I, I DIDN'T SEE IT ON THE SLIDE AND I WAS HOPING THAT YOU COULD TELL US WHAT THAT, UH, NUMBER WAS AND WHAT THE AREA WAS. UH, WE HAVE NOT IDENTIFIED THE AREAS YET. UM, THIS POLICY WAS JUST APPROVED ON APRIL THE 12TH. UM, NEXT MONTH WE HAVE A CONTRACT GOING TO COUNCIL WITH A CONSULTANT AND HELP US, UM, USE ALL THE DATA, DO THE WEIGHTED ANALYSIS FOR US SO THAT WE CAN IDENTIFY IT. IT'S ONE OF THE FIRST THINGS THAT WE'LL BE WORKING ON IS IDENTIFYING THESE AREAS. UH, SO THOSE AREAS ARE FORTHCOMING. AND, AND REGARDING THE, YOU MENTIONED A, A NUMBER OF HOUSING THAT'S NEEDED FOR HOUSING. WHAT WAS THAT? SO THERE'S, THERE'S NO NUMBER NEEDED RIGHT? TO, TO SOLVE THE, TO SOLVE THE AFFORDABLE HOUSING CRISIS. IT'S JUST THAT JUST DOESN'T EXIST. WHAT, WHAT WE DO KNOW IS THAT BASED ON REPORTS LIKE UP FOR GROWTH, THEY'VE SHOWED THAT THERE'S $85,000 DEFICIT, 85,000 UNIT DEFICIT IN DFW. MEANING A LOT OF PEOPLE ARE DOUBLED UP RIGHT NOW WHO WOULD NORMALLY FORM HOUSEHOLDS OR THEIR HOUSING COST BURDEN. SO THEY CAN'T GO OUT ON THEIR OWN. UM, AND SO THEY MIGHT BE DOUBLING UP OR THEY'RE JUST PAYING TOO MUCH FOR UNITS. SO THERE'S, THERE'S SOME MISSING COMPONENTS. OKAY. SO THAT WAS UP FOR GROWTH AND WHO'S THAT? YEAH, THAT'S A REPORT THAT WE USE A LOT SITES, UH, REALLY GOOD RECENT DATA. UH, THERE'S ANOTHER REPORT THAT SHOULD BE RELEASED SOON FROM THE CHILD POVERTY ACTION LAB THAT LOOKS MORE AT RENTERS. UM, WE KNOW THERE'S ABOUT 130,000 PEOPLE IN DALLAS THAT ARE HOUSING COST PER, WHICH MEANS THEY PAY MORE THAN 30% OF THEIR INCOME ON RENT. UM, THAT'S QUITE A FEW HOUSEHOLDS CONSIDERING WE HAVE 587,000 UH, UNITS IN THE CITY. MM-HMM. . SO QUITE A FEW OF OUR, OUR POPULATION ARE INCOME COST BURDEN WITH THE SMOKE. THANK YOU. YOU'RE WELCOME. [00:25:05] AND SO JUST TO BE CLEAR, THOR, THIS WAS A INFORMATION, A ITEM TO THE TIF BOARD TO USE TIF FUNDS WITHIN THE DISTRICT FOR AFFORDABLE HOUSING. YEAH, SO LOUISE, THIS IS KIND OF JUST SETTING THE STAGE TO UNDERSTAND WHERE THE HOUSING DEPARTMENT IS WITH THEIR POLICY. MM-HMM. . UM, BECAUSE HOPEFULLY AS THEY GO FURTHER DOWN THE ROAD AND IDENTIFY THESE AREAS, WE CAN HAVE A BETTER IDEA OF HOW TO FOCUS, UM, OUR POTENTIAL TIF FUNDING. UM, CUZ I WE'RE GUESSING THAT MORE OR LESS WE'RE GONNA PROBABLY HAVE SOME AREAS IDENTIFIED IN OR NEAR THE TIF DISTRICT AND WE JUST NEED TO KIND OF UNDERSTAND WHAT'S GOING ON AND THEN FIGURE OUT THE BEST WAY TO LIKE DEPLOY OUR TIF FUNDS AT SOME POINT DOWN THE ROAD. SO I'M HOPING THAT MAYBE TOWARDS THE END OF THE YEAR WE'LL HAVE A BETTER GRASP, BUT TODAY WAS MORE JUST SORT OF SETTING THE STAGE AND MAKING SURE THE BOARD KIND OF UNDERSTOOD LIKE THE HOUSING POLICY IN GENERAL AND KIND OF WHAT DIRECTION THEY WERE HEADED IN. THANK YOU. OR, UM, APPRECIATE THE INFORMATION AND COMMITMENT AROUND THE INTEGRATION AND COORDINATION WITH, UM, THE OTHER CITY INITIATIVES THAT YOU, THAT YOU COVERED. UM, ALONG WITH THE, THE COMMUNITY ENGAGEMENT AS BEING A PART OF THIS, THIS PLAN. UM, I ALSO APPRECIATE JUST HAVING THE, THE SMART GOALS AND TIMELINES THERE. SO WITH THAT SET, WITH THAT SET AND ASIDE FROM THE, UM, YOU KNOW, THE PERMIT ISSUES, WHAT, I GUESS WHAT ARE SOME OF THE BIG OBSTACLES THAT YOU ANTICIPATE, UM, THAT WE'LL RUN INTO WITH ACCOMPLISHING SOME OF THESE GOALS? UM, THAT'S A GOOD QUESTION. UM, YOU KNOW, A LOT OF THE GOALS ALLOW US TO TAKE WHAT WE HAVE STARTED OVER THE LAST COUPLE YEARS AND REFINED AND SCALE UP. UM, SO PART PART OF BEING ABLE TO DO THAT IS TO RECEIVE SOME BOND MONEY, UH, OR UTILIZE OUR RESOURCES FROM SOME OF OUR OTHER PROGRAMS MORE DIRECTLY SO THAT WE CAN PRODUCE MORE UNITS. UH, WE KNOW PEOPLE'S INCOME IS GETTING, UM, LOWER AND LOWER AS HOUSING COSTS GO UP AND UP. UM, WE KNOW THAT THAT SEPARATION IS GONNA CONTINUE TO GET WORSE. UH, WE KNOW THAT HOUSING UNITS ARE GONNA CONTINUE TO, UH, NEED MORE MAINTENANCE AS THEY GET OLDER AND WE KNOW THAT WE HAVE AN AGING POPULATION. UM, THERE'S A SIGNIFICANT NUMBER OF POPULATION PEOPLE IN THE 55 TO 65 AGE COHORT THAT'LL BE AGING INTO THE SENIOR COHORT, 65 AND OLDER IN THE NEXT 10. AND WITH THAT COMES A VARIETY OF OTHER DEMANDS. UM, WE KNOW THAT, UM, A HUNDRED PERCENT AMI HOME BUYER IN THE CITY MAKES UH, $97,000 A YEAR AND A HUNDRED PERCENT AREA MEDIAN INCOME FOR A FAMILY OF FOUR. BUT IN ORDER TO QUALIFY TO BUY A HOME AT $360,000, WHICH IS THE MEDIAN PRICE OF THE HOME, THEY NEED TO MAKE $130,000 A YEAR. SO WE KNOW THAT THE HOUSING COST AT A MEDIAN LEVEL IS NOT ACHIEVABLE FOR A FAMILY AT THE A HUNDRED PERCENT AREA MEDIAN INCOME. UH, SO WE HAVE SOME SIGNIFICANT, UM, DEMAND OR CHALLENGES IN FRONT OF US TO COVER THAT GAP. IF WE WANT TO SEE MORE PEOPLE HAVE THE HOME OWNERSHIP OPPORTUNITY IN THE CITY OF DALLAS, THAT MEANS WE EITHER BUILD SMALLER, WE BUILD MORE DENTS, WE HAVE SHARED EQUITY MODELS, COMMUNITY LAND TRUST, THE ABILITY TO BUY APARTMENTS, CONDOS, SOMETHING THAT IS, UH, YOU KNOW, AT A DIFFERENT SCALE THAN THE SINGLE FAMILY HOME OWNERSHIP DREAM WITH THE YARD. UM, BUT THAT, THAT IS ONE OF THE MORE SIGNIFICANT CHALLENGES WE FACE. UM, WE'RE 61%, UM, YOU KNOW, RENTAL UNIT CITY RIGHT NOW. I MEAN 40% OF PEOPLE ARE HOMEOWNERS AND 60% OF ARE RENTERS IN THE CITY. UM, THAT LOOKS TO KEEP GROWING AS WE HAVE MORE AND MORE INVESTORS BUYING PROPERTY THAT ARE MORE, YOU KNOW, RENTAL PROPERTIES AND MORE PEOPLE WHO ARE MAKING A HUNDRED PERCENT OF THEY BUY 120 THAT CAN'T AFFORD THE MEDIAN HOME PRICE. MAKES SENSE. I APPRECIATE IT. BUT BUT THAT DOESN'T MEAN THAT WE'RE NOT LOOKING TO BUILD LIKE MULTIFAMILY MORE RENTALS, CORRECT? NO, NO. I MEAN THE, WE NEED ALL RIGHT AND WE NEED, WE NEED RENTAL PROPERTIES THAT PEOPLE CAN AFFORD TOO, RIGHT? SO WE NEED SOME AT THE LOWER ENDS, HIGHER MARKET RATE. WE NEED UNITS CAUSE WE WANT TO ATTRACT PEOPLE TO DALLAS. ONE THING THAT'S UNIQUE FROM 19 OR 2019 TO 20, UH, 21 POPULATION IN THE CITY OF DALLAS DECLINED WHERE OUR RICAN GREW. SO WE ACTUALLY LOST PEOPLE IN THE CITY MOVING TO OUR REGIONAL SUBURBS. BUT THEY STILL LIVE IN THE REGION, BUT THEY DON'T LIVE IN DALLAS ANYMORE. UH, THERE IS A TREND ACROSS THE COUNTRY. UH, PEOPLE IN COVID MOVED BACK TO THE SUBURBS OR THEY, THEY MOVED OUT OF CITIES BECAUSE THEY, THEY COULD, [00:30:01] UM, SPEAKING WITH THE TEXAS DEMOGRAPHER, WE EXPECT TO SEE THAT REVERSE COURSE. WE EXPECT TO SEE THE 2020 NUMBERS GO BACK UP A LITTLE BIT FROM THE CITY DOWNS. BUT ATTEMPT RELEASE, WE REALLY DON'T KNOW HOW BIG OF AN INCREASE THAT'S GONNA BE. WE LOST ABOUT 40,000 ISH PEOPLE, WHICH IS PRETTY SUBSTANTIAL WHEN YOU THINK ABOUT IT, THAT YOU DON'T WANNA BE ANOTHER CITY THAT STARTS LOSING ITS POPULATION. CUZ THEN A WHOLE LOT OF OTHER THINGS FALL, BUT OUR REGION CONTINUES TO BOOM. UH, WE ALSO DID SEE A WHOLE LOT OF NEW PERMITS PULLED LAST YEAR, WHICH SHOWS THAT THERE ARE SIGNIFICANT NUMBER OF UNITS UNDER DEVELOPMENT IN THE CITY JUST NOT COMPLETED FOR PEOPLE TO OCCUPY AT THIS TIME. ANY OTHER QUESTIONS FOR MR. ERICKSON? WELL, THANK YOU ALL. THANK YOU VERY MUCH. NICE TO MEET YOU. THANKS. THANKS. ALL RIGHT. ONTO ITEM SIX. UM, HAVE A COUPLE OF ITEMS HERE. UH, REVIEW AND CONSIDER AN AMENDMENT TO THE OAK CLIFF GATEWAY DISTRICT PROJECT PLAN AND REINVESTMENT FINANCING PLAN TO, UH, NUMBER ONE, INCREASE THE GEOGRAPHIC AREA OF THE BISHOP JEFFERSON JEFFERSON SUBDISTRICT APPROXIMATELY SEVEN ACRES TO INCLUDE PROPERTIES AT 1200 AND 1400 EAST UH, JEFFERSON BOULEVARD. UH, THAT IS THE DART, CORRECT? YES. UM, IT'S A DART MAINTENANCE FACILITY CURRENTLY. AND UM, IT'S OUR UNDERSTANDING THAT DART IS NOW, UM, ACTIVELY STUDYING THE POTENTIAL, UM, TO RELOCATE THOSE MAINTENANCE FUNCTIONS ELSEWHERE. UM, AND THEY ARE, UM, PERFECTLY FINE WITH US, INCLUDING IN THE TIP DISTRICT AND, YOU KNOW, GIVING SOME OPTIONS SHOULD THAT BECOME A DEVELOPMENT SITE OF THE FUTURE. GREAT. UM, DO WE WANT TO DISCUSS THIS ONE AND THEN MOVE TO THE NEXT ONE? UH, IT'S ACTUALLY ONE ITEM ALTOGETHER. THEY'RE KIND OF, UM, BOTH. THEY'RE BOTH. OKAY. YEAH, BOTH, UM, EXPANSIONS ARE KIND OF COMBINED INTO ONE ITEM. UH, THE, THE NEXT UH, BULLET POINT IS INCREASE THE GEOGRAPHIC AREA OF THE CLAREDON BECKLEY KEY SUBDISTRICT APPROXIMATELY 11 ACRES TO INCLUDE APPROXIMATELY FOUR ACRES GENERALLY ON THE NORTH EAST SIDE AND SOUTHEAST POINTERS OF THE GRANT STREET RIDGE STREET, WEST OF THE TERMINUS OF GRANT STREET AND NORTH OF THE TERMINUS OF RIDGE STREET. UH, AND, UH, BE APPROXIMATELY SEVEN ACRES, UH, GENERALLY IN THE 901,000 BLOCKS MORRELL AVENUE AT FERNWOOD AVENUE IN THE 1,213 BLOCKS OF MORL AND DENLEY. UH, DEADLY. YEAH. YEAH. SO IN THIS CASE, SINCE WE ARE ALREADY LOOKING AT ADDING THE DART PROPERTY INTO THE DISTRICT, WE UM, WE'VE HAD SOME CONVERSATIONS WITH, UM, SOME STAKEHOLDERS WHO ARE INTERESTED IN, UM, ADDITIONAL PROPERTY IN THE, IN THE CLAIN AREA. SO ONE OF THE PIECES, UM, HAS BEEN RECENTLY REZONED FOR MULTIFAMILY USE. SO THAT'S A POTENTIAL DEVELOPMENT SITE. THAT'S THE ONE THAT'S JUST IMMEDIATELY ADJACENT OF THE EXISTING CLEARED AND UM, KIND OF INDUSTRIAL PROPERTY. AND THEN THERE'S UM, SOME SECTIONS ALONG THE MORALE BOULEVARD CORRIDOR WHERE YOU HAVE, UM, SOME UNDERUTILIZED COMMERCIAL SPACE THAT MIGHT HAVE SOME DEVELOPMENT OPPORTUNITY IN THE FUTURE. DISCUSSION. WE'RE GOOD WITH IT. YEAH. I'M GONNA MAKE A MOTION WE APPROVE. IT'S TOM . THANK YOU TOM. APPRECIATE THAT. CAN I GET A SECOND? SECOND? WHAT'S UP JOE? I THINK THAT WAS, NO, IT WASN'T JOE. WHO WAS THE SECOND? IT WAS ME, JOE. OH, IT WAS JOE. OKAY. DIFFERENT. DIFFERENT JOE. DIFFERENT JOE . ALL RIGHT. UH, ALL IN FAVOR? AYE. AYE. AYE. ANY OPPOSED? MOTION PASSES. THANK YOU VERY MUCH. WELL ABSTENTION, WITH THAT BEING SAID, UM, IT'S TIME TO ADJOURN THE MEETING, RIGHT? SO WE'LL ADJOURN AT 2:48 PM UM, THANKS EVERYONE FOR YOUR PATIENCE THROUGH ALL THESE TECHNICAL DIFFICULTIES AND UM, THE SLEW OF INFORMATION. [00:35:04] THANK YOU ALL. SEE YOU NEXT TIME. THANKS. TAKE CARE. THANK YOU ALL. BYE. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.