[Dallas Cedars TIF District Board of Directors Meeting on December 20, 2022. ]
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ARE YOU READY FOR ME TO RECORD? YES.
UM, IF YOU WANT TO CALL US TO ORDER CHAIR.
THANK YOUR, LIKE, TO TAKE THIS MOMENT TO CALL AND ORDER THE CEDAR STIFF DISTRICT BOARD OF DIRECTOR SPECIAL MEETING.
UH, TODAY IS NOVEMBER 8TH, 2022.
MEETING START TIME IS 2:44 PM SO AT THIS TIME I'D LIKE TO INTRODUCE, UH, THE TIME TO DO THE INTRODUCTION OF THE MEETING PARTICIPANTS.
UH, MY NAME'S PHILLIP ROBINSON.
I AM VICE CHAIR FORD AND I'M A RESIDENT OF THE CEDARS FOR ALMOST 30 YEARS.
I AM THE, UH, MANAGER FOR THIS PARTICULAR TIF DISTRICT.
I WOULD ALSO LIKE TO ADD THAT WE HAVE VARIOUS, UM, OFFICE OF ECONOMIC DEVELOPMENT STAFF ON THE LINE WHO ARE SITTING IN AS ATTENDEES.
UM, WE HAVE MR. HAN HERE FROM OUR, UM, FINANCE DIVISION THAT IS HERE TO ANSWER QUESTIONS REGARDING THE ANNUAL REPORTED FINANCIALS, IF THE TIFF BOARD HAVE ANY.
AND SO, UM, THE ONLY OTHER ADDITIONAL INTRODUCTIONS WE NEED THIS TIME ARE THE MEMBERS OF THE TIP BOARD.
HELLO, I'M VERONICA SIMMONS AND I'VE BEEN ON THE TIP BOARD FOR A COUPLE OF YEARS.
YEAH, JOE MAYER, PARKLAND HOSPITAL.
BEEN ON THIS BOARD FOR ABOUT SIX YEARS NOW.
I AM A ICE PLUS CEDARS OWNER AND DWELLER.
WORKS IN A LOT OF THAN CEDARS.
AND, UM, MS. THOMAS, WE CAN HAVE YOU INTRODUCE YOURSELF, BUT, UM, WE WILL MAKE NOTE FOR THE MEETING RECORD THAT YOUR VIDEO WAS, UM, NOT ON.
AND SO YOU ARE ATTENDING THE MEETING AS AN ATTENDEE OR A MEMBER OF THE PUBLIC.
I'VE LIVED IN THE CEDARS OVER 20 YEARS.
UM, THIS IS MY SECOND TIME, BELIEVE IT OR NOT.
IF WE CAN MOVE TO ITEM NUMBER THREE.
UH, ITEM NUMBER THREE WILL BE PUBLIC COMMENTS PERTAINING TO AGENDA ITEMS THAT ARE LISTED BELOW.
IF THERE IS ANY MEMBER OF THE PUBLIC OR ANYONE ATTENDING AS A MEMBER OF THE PUBLIC, ANY COMMENTS ON THE, UH, UH, JUST THE EXISTING AGENDA? ITEM B LISTED BELOW.
NOW WOULD BE THE TIME FOR YOU TO MAKE THOSE COMMENTS.
I DON'T BELIEVE THERE ARE ANY COMMENTS.
WE'LL MOVE ON OUR NEXT AGENDA ITEM.
OH, I'VE PUT NOW YOU'RE IN TWICE.
OH, YOU'RE GONNA HAVE TO CLOSE ONE OF THOSE INSTANCES.
I JUST SEE THAT, UM, MR. TAMAYA HAS JOINED US.
WILL YOU PLEASE INTRODUCE YOURSELF, SIR? GOOD AFTERNOON.
MY NAME IS LUISA MAYO AND I AM THE COUNTY REPRESENTATIVE FOR THE TIFF BOARD.
I'M MOVING ON TO AGENDA ITEM FOUR IS REVIEWING CONSIDERATION OF THE MEETING RECORD FROM NOVEMBER 8TH, 2022, CAESAR BOARD OF DIRECTORS MEETING.
THE RECOMMENDED ACTION IS APPROVAL AT THIS TIME.
I WILL ENTERTAIN MOTIONS ON THAT.
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SECOND MOTION HAS BEEN MADE TO APPROVE THE, UH, MEETINGS FROM THE NOVEMBER 20, NOVEMBER 8TH, 2022 MEETING.BELINDA, YOU CAN'T, BELINDA, UM, YOU CAN'T VOTE CAUSE YOU CAN'T SEE YOU.
MOTION BEEN MOVED AND SECONDED.
UH, ALL IN FAVOR, PLEASE RAISE YOUR HAND AND SAY AYE.
LAST, MOVING ON TO ITEM NUMBER FIVE.
HAVE YOU IN CONSIDERATION OF THE SEATS, TIFF ANNUAL BOARD FOR OUR ANNUAL REPORT FOR FISCAL YEAR 2021.
2022? OUR RECOMMENDED ACTION IS APPROVAL AND FORWARD RECOMMENDATION OF APPROVAL TO CITY COUNCIL TO REVIEW THE ANNUAL REPORT.
I'LL BE TURNING YOU BACK OVERLY, UM, AS WE ALL KNOW AT OUR LAST MEETING.
SO I'M GONNA HAVE YOU OFFICIALLY JOINING AT 2 49.
SO AT OUR LAST MEETING, UM, THE BOARD REVIEWED A FEW CLOSE OUT PROJECTS.
AND SO THIS WILL BE THE ACTUAL LAST MEETING OF THE CEDARS TIP DISTRICT BOARD OF DIRECTORS.
UM, THIS TIP DISTRICT ENDS DECEMBER 31ST, 2022.
AND SO WHAT I WILL DO IS JUST GO THROUGH THE ANNUAL REPORT, UM, VERY QUICKLY HITTING THE HIGHLIGHTS SINCE A LOT OF THIS INFORMATION PRESENTED TO YOU AT THE LAST MEETING AS PART OF OUR BRIEFING REGARDING THE CLOSEOUT ACTIVITIES FOR THE DISTRICT.
AND SO, UM, THIS ZIP DISTRICT WAS ORIGINALLY CREATED IN 1992.
UM, IT TOOK EFFECT ON JANUARY 1ST, 1993, AND IT WILL TERMINATE DECEMBER 31ST, 2022.
UM, THIS IS ONE OF THE FEW TIP DISTRICTS THAT WERE CREATED AT A TIME WHERE ALL FOUR TAXING JURISDICTIONS COULD PARTICIPATE.
AND SO, UM, THE PARTICIPANTS AT THE TIME WERE THE CITY OF DALLAS, DALLAS COUNTY, DALLAS COUNTY HOSPITAL DISTRICT, AND DALLAS INDEPENDENT SCHOOL DISTRICT.
AND THE PARTICIPATION OF THE CITY WAS AT A RATE OF 100% IN 1993 THROUGH 2012, AND THEN IT DECREASED TO 90% FROM 2013 UNTIL NOW.
DALLAS COUNTY'S PARTICIPATION RATE WAS 65% IN 1993 THROUGH 2012.
AND IT IS CURRENTLY 75% STARTING IN 2013 UNTIL NOW.
UM, DALLAS COUNTY HOSPITAL DISTRICT PARTICIPATION RATE WAS 65% THROUGH 2012, AND THAT ENDED THEIR PARTICIPATION IN THE DISTRICT AS WELL AS THE DALLAS INDEPENDENT SCHOOL DISTRICT'S PARTICIPATION RATE OF 50% ENDED IN 2012.
THE TIF DISTRICT HAS SUPPORTED, UM, MULTIPLE PROJECTS OVER ITS LIFETIME.
UM, WITH THE INVESTMENT OF JUST OVER ABOUT 6 MILLION, THE DISTRICT HAS LEVERAGED AN INCREASE IN VALUE OF 68.7 MILLION.
AND THAT TRANSLATES TO 370 17 RESIDENTIAL UNITS, 237 HOTEL ROOMS, 6,800 SQUARE FEET OF RETAIL, AND JUST OVER 11,000 SQUARE FEET OF, UM, FLATS COMMERCIAL SPACE.
IN ADDITION TO PROJECTS THAT WERE, UM, SUPPORTED BY 10 FUNDS, THERE WERE ADDITIONAL PROJECTS THAT TOOK PLACE WITHIN THE DISTRICT WITHOUT ANY SUPPORT FROM THE CITY.
UM, THAT WAS THE CREATION OF OVER 1000 RESIDENTIAL UNITS, AN ADDITIONAL 237 HOTEL ROOMS, 68,677 SQUARE FEET OF RETAIL AND RESTAURANTS SPACE, AND OVER 411,000 SQUARE FEET OF COMMERCIAL IN AN OFFICE FLEX SPACE.
SO IN TOTAL, THE CITY'S INVESTMENT TIF INVESTMENT OF JUST OVER 6 MILLION LEVERAGED AN INCREASED VALUE OF 177 MILLION.
THERE ARE, UM, A FEW PUBLIC INITIATIVES THAT ALL T DISTRICTS, UM, HAVE AS PART OF THEIR PROJECT PLAN AND GOALS WITHIN THE DISTRICT.
ONE OF THEM IS TO PROVIDE MIXED INCOME HOUSING.
UM, WHEN THIS TIF DISTRICT WAS ORIGINALLY CREATED IN 1992, THERE WAS NOT A REQUIREMENT FOR MIXED INCOME HOUSING.
BUT IN 2011, WHEN THIS DISTRICT WAS AMENDED, THE GOAL, UM, TO PROVIDE 20% OF ALL UNITS
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IN HOUSING PROJECTS THAT RECEIVED TIP FUNDS WAS ADDED TO THE PLAN FOR THE DISTRICT.SO AS A RESULT OF THE 317 UNITS THAT WERE CREATED AND SUPPORTED BY TIP FUNDING OVER 52, OR JUST THAT 52% OF THOSE 164 ARE AFFORDABLE UNITS, UM, SURPASSING THE REQUIREMENT OF 20% FOR THE DISTRICT.
ADDITIONALLY, THERE ARE 696 UNITS THAT WERE CREATED WITHIN THE TIF DISTRICT THAT DID NOT RECEIVE TIF FUNDING.
AND SO THERE WOULDN'T BE, WOULDN'T BE ANY AFFORDABLE HOUSING COMPONENT TO THOSE.
BUT THAT BRINGS US TO THE GRAND TOTAL OF OVER A THOUSAND UNITS WITHIN THE DISTRICT.
UM, WHEN THIS TIF DISTRICT WAS CREATED IN 1992, ITS BASE YEAR VALUE WAS $35,300,760.
TAXABLE VALUE IS $345,751,684, WHICH IS AN 879% INCREASE OVER THE BASE OF YOUR VALUE.
ADDITIONALLY, 2020 TWO'S VALUE IS AN INCREASE OF 10.4 MILLION OR RIGHT AT 33 MILLION OVER LAST YEAR'S VALUE OF 313 MILLION.
AND SO AS A RESULT OF THE INCREASE IN VALUE FOR THE TIFF DISTRICT OVER THE LAST YEAR, WE ANTICIPATE COLLECTING 2.6 MILLION IN TAX INCREMENT IN THE YEAR 2023.
AND THAT WILL BE THE LAST COLLECTION OF TIF FUNDS FOR THIS DISTRICT.
AS PART OF THE PROJECT PLAN AND REINVESTMENTS ON FINANCING PLAN, THERE WERE A FEW OBJECTIVES THAT WERE SET OUT AT THE BEGINNING OF THE DISTRICT AND THEN ULTIMATELY AMENDED IN 2011 THAT KIND OF GUIDED THE DEVELOPMENT WITHIN THE 10TH DISTRICT.
AND SO IT WAS THE GOAL OF THE DISTRICT TO ADD 700 RESIDENTIAL UNITS.
AND AS I MENTIONED, WE'VE ADDED JUST OVER A THOUSAND UNITS SURPASSING THAT GOAL.
UM, AN ADDITIONAL GOAL WAS TO ADD 400 HOTEL ROOMS TODAY.
UM, THE DISTRICT ADDED 237 HOTEL ROOMS, WHICH IS 59% OF THAT GOAL.
UM, THERE WAS A GOAL TO ADD 55,000 SQUARE FEET OF RETAIL SPACE, AND THE TIP DISTRICT ADDED OVER 68,000 SQUARE FEET OF RETAIL SPACE, SURPASSING THAT GOAL.
AND THE LAST DEVELOPMENT GOAL WAS TO ADD 300,000 SQUARE FEET OF SERVICE CENTER, FLEX OFFICE SPACE.
AND THE DISTRICT ACTUALLY ADDED 417,000 SQUARE FEET SPACE.
SO, AS YOU CAN SEE, FOR ALL OF OUR DEVELOPMENT GOALS, UM, THEY WERE EITHER SURPASSED AND WITH THE ONE THAT WE DID NOT MEET, I DO ANTICIPATE FUTURE DEVELOPMENT WILL HELP US TO MEET THOSE GOALS IN THE CEDARS TIP DISTRICT.
UM, THE TIF BOARD ONLY MET ONE TIME LAST YEAR, AND IT WAS PRETTY WELL ATTENDED.
UM, THAT WAS ON JANUARY 24TH, 2022.
AND SO THE NEXT ITEM THAT WE'LL TALK ABOUT IS THE BUDGETED SPENDING STATUS.
WHEN THIS TIP DISTRICT WAS AMENDED IN 2011, IT WAS ESTIMATED THAT THE DISTRICT WILL COLLECT JUST OVER 20 MILLION OR 20.7 MILLION IN INCREMENT.
UM, WHEN WE CLOSED THE TIP DISTRICT DECEMBER 31ST AND COLLECT OUR LAST YEAR OF INCREMENT IN 2023, WE ANTICIPATE ONLY COLLECTING 18.9 MILLION.
SO WE'RE NOT GONNA MEET THE ORIGINAL GOAL ANTICIPATED IN 2011, BUT WE WILL HAVE ENOUGH FUNDS TO COMPLETE ALL OF THE DISTRICT CLOSEOUT PROJECTS THAT YOU GUYS REVIEWED AND APPROVED LAST, UH, LAST MEETING IN NOVEMBER.
ANOTHER UH, PROJECT PLAN GOAL FOR THE TIP DISTRICT IS MINORITY WOMEN OWNED BUSINESSES AND ENTERPRISES PARTICIPATION IN THESE TYPES OF PROJECTS.
AND SO WHEN THE CERTIFI DISTRICT WAS CREATED, THE GOAL WAS 25%.
UM, AND THEN IN 20, IN THE FISCAL YEAR OF 20 20, 20 21, THE GOAL WAS INCREASED TO 2030 2%.
UM, ON THE CHART YOU CAN SEE THAT YOU HAVE VARIOUS, VARIOUS PARTICIPATING GOALS.
AND SO THE 25% WAS A REQUIREMENT FOR PUBLIC IMPROVEMENTS, WHICH ALL OF THE PROJECTS LISTED ON THAT CHART MET.
AND THEN YOU'LL ALSO SEE, UM, FOR PRIVATE IMPROVEMENTS, THERE WAS, UM, A FEW OF THESE PROJECTS ALSO REQUIRE M W B E PARTICIPATION AS WELL.
AND SO LASTLY, WE'LL GET TO THE WORK PROGRAM FOR 2022 AND 2023.
UM, THE VERY FIRST THINGS TO HAVE THIS ANNUAL REPORT APPROVED BY CITY COUNCIL IN FEBRUARY.
ADDITIONALLY, UM, SOME ITEMS THAT HAVE HAPPENED SINCE THE NEW FISCAL YEAR IS, AS I MENTIONED, YOU
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REVIEWED THE, UH, PROJECTS FOR THE OLD CITY PARK RESTORATION PROJECT, THE ACRON STREET SIDEWALK IMPROVEMENT PROJECT, THE ACRON STREET STREET TRAFFIC SIGNAL PROJECT, THE I 30 CANYON VETERANS PROJECT, AND THE SOUTH SIDE PUBLIC IMPROVEMENTS MURAL PROJECT.UM, YOU GUYS REVIEWED THAT THOSE PROJECTS ON NOVEMBER 8TH, CITY COUNCIL APPROVED THOSE PROJECTS ON DECEMBER 14TH.
AND SO NOW WE'RE MOVING FORWARD TO START TO, UM, IMPLEMENT THOSE PROJECTS THROUGHOUT THE DISTRICT.
AND SO THAT IS MY BRIEF PRESENTATION OF THE ANNUAL REPORT.
WE HAVE MR. HASSAN HERE ON WITH US TO ANSWER ANY QUESTIONS ANY BOARD MEMBER MAY HAVE SPECIFICALLY ABOUT THE FINANCIALS THAT ARE ALSO CONTAINED IN THE ANNUAL REPORT.
SO WITH THAT, I'LL TURN IT BACK OVER TO THE CHAIR AND I'M AVAILABLE TO ANSWER ANY QUESTIONS YOU GUYS MAY HAVE.
ARE THERE ANY QUESTIONS? DO WE NEED ANY CLARIFICATION? SO ONCE WE PAY FOR EVERYTHING, IS THERE ANY MONEY LEFT OVER AND WHAT WILL HAPPEN TO THAT MONEY? SURE.
NO, WE WON'T HAVE ANY FUNDS LEFT OVER.
UM, I TRIED TO ENSURE THAT ALL OF THE PROJECTS THAT YOU GUYS REVIEWED WOULD USE THE ENTIRE SUM OF FUNDS.
IT WAS, UM, KIND OF MY GOAL TO ENSURE THAT THE FUNDS THAT WERE COLLECTED IN THE TIF DISTRICT WILL BE USED TO BENEFIT THE TIF DISTRICT AND RATHER THAN ANY LEFTOVER FUNDS GOING BACK TO THE TAX AND JURISDICTIONS AND NOT BEING ABLE TO SEE ANY FRUITS OF THAT LABOR.
SO NO, THERE WON'T BE ANY FUNDS LEFT OVER ONCE WE COMPLETE THE FOUR PROJECTS THAT I MENTIONED TO YOU, FIVE PROJECTS.
AND IF THERE'S ANY ISSUE WITH THOSE PROJECTS BEING COMPLETED OR LIKE, I'M NOT, I'M NOT REALLY SURE WHERE THE, WHERE WE STAND WITH THE DALLAS HERITAGE VILLAGE PROJECT.
SO WITH THE DALLAS, UM, THE OLD CITY PARK, UM, PROJECT I WROTE INTO THE REQUIREMENTS THAT IF THEY ARE UNABLE TO COMPLETE THE PROJECT, THE, THE MANAGEMENT ENTITY FOR OLD CITY PARK, THAT THE REMAINING FUNDS WILL GO TO THE PARK AND REC DEPARTMENT FOR THEM TO COMPLETE THE PROJECT.
AND SO WE HAVE, UM, SET UP A STOP GAP MEASURE THAT IF THE MANAGEMENT ENTITY IS UNABLE TO COMPLETE, THE CITY WILL COMPLETE THE PROJECT THAT HAS BEEN APPROVED BY THE TIF BOARD.
SO THE CITY IS GONNA BUILD A CO-WORKING FACILITY AT DALLAS HERITAGE VILLAGE.
IT IS OUR HOPE THAT THE MANAGEMENT ENTITY COMPLETES THE PROJECT, AND IF THEY DO NOT, THEN THE CITY TAKE OVER THE COMPLETION OF THE PROJECT, WHICH WOULD BE TO RENOVATE, HISTORICALLY RENOVATE THOSE HOMES SO THAT THE SPACE IN THERE COULD BE USED FOR OFFICE SPACE.
I, I WOULD THINK THAT IT, IT WOULD NOT BE THE PARKS DEPARTMENT TO HAVE TO DO THAT IF ONE MANAGEMENT ENTITY ENTITY IS UNABLE TO PERFORM.
I DO BELIEVE THAT THE CONTRACT WITH THE CURRENT MANAGEMENT ENTITY COMES UP HERE WITHIN MAYBE THE NEXT SIX MONTHS.
AND SO EITHER THEY WILL RENEW OR THE CITY WILL GO OUT TO GET A DIFFERENT MANAGEMENT ENTITY TO STILL COMPLETE THE PROJECT.
HAVE THEY STARTED THE PROJECT BECAUSE IT'S BEEN, YOU KNOW, BEEN ON? NO, NO, NO.
THEY HAVE NOT STARTED THE PROJECT DUE TO THE, THE INITIAL FUNDING THAT WAS SET ASIDE FOR THE PARAMETERS SET ROUNDED DIFFICULTY OF MEETING THOSE PARAMETERS HAD DELAYED THIS, THE PRODUCT UNTIL THIS TIME, THEY'RE NOW CURRENTLY IN COMPLIANCE WITH THE NECESSARY, UH, ITEMS TO RECEIVE THAT FUNDING AND ARE RECEIVING THAT FUNDING TO GET THAT PRODUCT STARTED.
SPECIFICALLY VERONICA, THERE WAS A, A MATCH THAT THE, UM, THAT THE OLD CITY PARK MANAGEMENT ENTITY NEEDED TO RAISE IN ORDER FOR THE CITY TO CONTRIBUTE THEIR FUNDS.
AND DUE TO A VARIETY OF REASONS, THE PANDEMIC JUST FUNDRAISING DURING THE PANDEMIC AND THOSE TYPES OF THINGS, THEY WERE UNABLE TO RAISE THAT MATCH.
BUT WHAT THEY INDICATED TO US THAT THEY NOW HAVE THE MATCH TO MOVE FORWARD, AND THAT WAS REALLY THE, THE OUTSTANDING ITEM THAT THEY NEEDED IN ORDER TO GET STARTED.
AND THE OTHER THREE PROJECTS, THERE'S, THEY'RE ALMOST FINISHED OR DO WE HAVE SOME SIMILAR STOP GAP MEASURE? SO THE OTHER THREE, THE OTHER FOUR PROJECTS ARE CITY DEPARTMENTS.
AND SO IT'S THE DEPARTMENT OF TRANSPORTATION THAT WE'LL BE DOING THE, UH, STREET ACCURATE STREETLIGHT PROJECT AND THE I 30 VETERAN'S PROJECT, AND IT'S THE
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DEPARTMENT OF PUBLIC WORKS THAT WILL BE DOING THE ACCURATE SIDEWALK IMPROVEMENT PROJECT.AND SO THE ONLY OTHER OUTSTANDING PROJECT IS THE MURAL PROJECT, WHICH WILL BE DONE BY THE, UM, SOUTH SIDE PUBLIC IMPROVEMENT DISTRICT OR THE PIT
SO IF THE SOUTH SIDE IMPROVEMENT DISTRICT DOESN'T DO THEIR JOB, IT FALLS BACK ON THE CITY AND THE CITY WILL ENSURE IT'S DONE? NO, NO, NOT NECESSARILY, BUT UM, I GUESS THERE'S LESS OF AN ISSUE.
THEY ALREADY HAVE THEIR FUNDS ON HAND TO START THE PROJECT.
UM, IT WAS ONE OF, IT WAS A, I BELIEVE IT WAS A LINE ITEM IN THE PITS BUDGET TO ANNUALLY, UM, SET ASIDE $25,000 FOR THE MURAL PROJECT.
AND SO IT'S ALMOST AS IF WE'RE DOING 50 50 ON THIS AND, AND THEY HAVE THE FUNDS FOR THAT
WHO PROVIDES THE OVERSIGHT FOR THAT? TAMARA, DO YOU CONTINUE TO DO THAT OR? YES, I WILL.
I SAID IT'S IN GOOD HANDS THEN.
ANY OTHER QUESTIONS? THERE ARE NO FURTHER QUESTIONS.
IF THERE ARE NO FURTHER QUESTIONS, I WOULD AT THIS TIME ENTERTAIN MOTIONS TO APPROVE, SORRY.
OH, TO APPROVE THE ANNUAL REPORT, UH, AS IT IS STATED, I'LL MAKE A MOTION TO APPROVE THE REPORT AS STATED AND FORWARDED TO COUNSEL.
I HAVE A MOTION AND A SECOND TO APPROVE THE, SORRY, APPROVE THE REPORT AS STATED.
UH, ALL IN FAVOR OF, UH, THIS MOTION.
PLEASE RAISE YOUR HAND AND SAY AYE.
ALL OPPOSED? THERE IS NO OPPOSITION IN UNANIMOUS.
AND BEFORE WE ADJOURN, I WOULD JUST LIKE TO SAY THANK YOU TO ALL OF YOU FOR TAKING TIME OUT OF YOUR SCHEDULES TO SERVE ON THE BOARDS AND HELP TO MAKE THE CEDARS AREA A A BETTER PLACE.
I WILL SAY THAT, UM, I THINK WE, WE'VE JUST REACHED THE TIP OF THE ICEBERG THERE.
THE MORE PIVOTAL, PIVOTAL, IMPACTFUL DEVELOPMENT THAT IS ON THE HORIZON FOR THE CEDARS AREA.
YOU HAVE, YOU'RE BOARDED BY TWO HUGE PROJECTS, WHICH IS THE K BAILEY HUTCHINSON CONVENTION CENTER, REDO, AS WELL AS THE REDO OF I 30 THAT HAS SOME DECKING, UM, POTENTIAL.
AND SO I THINK, UM, WITHIN THE NEXT 10, 15 YEARS, THIS THEATERS WILL LOOK VERY DIFFERENT AMBASSADOR PROJECTS, RIGHT? THERE'S THE POTENTIAL FOR RE REDEVELOPMENT OF THE AMBASSADOR, AMBASSADOR SITE, AMBASSADOR HOTEL SITE, AS WELL AS THE SO GOOD, UH, REDEVELOPMENT PROJECT.
AND SO, UM, THE CEDARS IS IN GOOD HANDS WITH YOU GUYS.
AND AGAIN, I'D LIKE TO THANK YOU FOR YOUR SERVICE.
IT'S A LONG TIME RESIDENT OF THE CEDARS.
UH, THE TIFF HAS BEEN ONE OF THE MANY INCREMENTAL AND IMPORTANT FACTORS IN THE IMPROVEMENT OF THE NEIGHBORHOOD SINCE THE TIME I STARTED LIVING THERE BACK IN THE LATE 1990S.
I APPRECIATE EVERYBODY WHO'S TAKEN THE TIME TO SERVE ON THIS BOARD AND COME BACK ON THIS BOARD AND SERVE.
AND I CAN'T TELL YOU ENOUGH HOW MUCH I APPRECIATE AS A RESIDENT OF THE NEIGHBORHOOD TO SEE THE CITY OF DALLAS FOCUSING, UH, THEIR EFFORTS AND ATTENTION ALONG WITH THE PEOPLE IN THE NEIGHBORHOOD AND THE ENTITIES IN THE CITY OF DALLAS TO REALLY BRING A NEIGHBORHOOD OUT, UH, OF, UH, THE, THE POOR AREA OR THE, THE POOR STATE THAT IT WAS IN TO, UH, HAVE IT MOVING FORWARD TO MAKING A BETTER NEIGHBORHOOD FOR EVERYONE INVOLVED.
UH, AT THIS TIME I WOULD LIKE TO, UH, ADJOURN OUR MEETING.
GERMAN IS TAKING PLACE AT 3:07 PM ONCE AGAIN, THANK YOU VERY MUCH EVERYONE FOR YOUR SERVICE.
AND, UH, THIS WOULD END THE LAST MEETING OF THE CEDARS TIP BOARD.
IF YOU GUYS HAVE ANY QUESTIONS GOING FORWARD, I'LL STILL BE HERE.