[2024 Bond ECO, HOU, OHS Meeting on May 25, 2023. ]
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YOU HEAR BETTER THAN A THURSDAY, MAY 25TH, THREE SIX, 5:00 PM AND UM, HOW LONG YOU WERE JUST LETTING YOU KNOW THIS MEETING IS BEING RECORDED.UH, WE HAVE ANYONE OTHER THAN ANDREW ONLINE.
JUST ANDREW, COULD WE HAVE JUST ONE PERSON ONLINE? ONE COMMITTEE MEMBER.
AND, UH, JUST ONE ANNOUNCEMENT BEFORE WE GET STARTED.
UH, SO BECAUSE WE'RE, WE'RE DEALING WITH
SO WE THOUGHT THAT WE WOULD ADD AN INITIAL MEETING.
UH, SO IF YOU WANT TO GO IN, JUST PUT THAT ON YOUR CALENDAR.
UH, THAT WILL BE AUGUST 1ST, I THINK.
WELL THANK YOU FOR BEING HERE.
THIS IS A COMMITMENT INVOLVED YOUR HOURS HERE AT STATE.
HOW MANY OF YOU HAVE BEEN ON A CIRCUIT? OKAY, SO YOU'VE BEEN INFRASTRUCTURE CENTER, COMMITTEE KNOW, PROCESS FOR SIMPLE, RIGHT? THESE INVENTORY, YOU IDENTIFY AMOUNT OF MONEY, HOW MUCH CAN YOU COVER ABOUT THAT AMOUNT OF MONEY? BASICALLY HOUSING HOMELESS ARE MUCH MORE COMPLICATED.
SO MAYBE ESSENTIALLY DRAFT PROPOSITION SETTING POSSIBLE.
NOT A GOOD MEETING UNLESS, SO I NEED, YOU CAN SEE WHAT DIFFERENT ABOUT THE SIMPLE PRO WITH THE LEAD INVENTORY DEVELOPMENT.
SO ANY BONDS, NOT THE STUDY OR SUSPENDED BY DEVELOPMENTS AND UM, I, THE NEEDS OF INVENTORIES THAT IDENTIFIED, I'M SO SORRY.
GIVING A COUPLE TAKES THAT THERE'S SOME ECHO GOING IN.
SO THERE'S PROBABLY A MICROPHONE BLOCK.
SOME RAILS BESIDES THAT CHECK.
YEAH, I THINK THAT ONE'S PROBABLY AUDIO IS TERRIBLE.
I DID NOT SEE A MUTE BUTTON OVER HERE.
AND THEN AS SOON CAN, I COULD HEAR THAT ONE.
NOW WE CAN'T HEAR ANYTHING AT ALL.
THIS IS MICHAEL ROSS, DISTRICT 12
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MI MICHAEL, I, I SUGGEST YOU, YOU MAY WANNA MUTE YOURSELF BUT LET THE VIDEO IN THE ROOM THAT, THAT MAY WORK.I'M ON THE PHONE, I'M NOT UH, NEAR A VIDEO RIGHT NOW.
CRAIG, CAN YOU HEAR ME OR ANYBODY HEAR ME? CAN ANYBODY HEAR ME? HELLO? YEAH ANDREW, I'M ON A CALL AND I CAN HEAR YOU FINE.
YEAH, THEY SEEM TO HAVE MUTED THE ENTIRE WEBEX.
YEAH, WHOEVER GOT UP LAST, THE GUY ON THE END WHO GOT UP LAST MUTED THE WHOLE THING OUT.
WE CAN SOLVE ALL THE PROBLEMS JUST OURSELVES.
YEAH, I'M SURE WE CAN, WE KNOW HOW TO SPEND THE BOND MONEY.
HUH? I'M LEARNING HOW TO I'M NEW
TRYING TO SEE IF I CAN GET IN TOUCH WITH SOMEBODY THERE.
YOU HAVE ANYBODY'S CELL PHONE THAT YOU I JUST DID.
OH WHO'S THAT? THAT'S UH OH I SEE THERE ARE A BUNCH OF PEOPLE ON THE CALL.
I AM HOPING THAT THEY'RE HERE.
WHAT DO YOU KNOW? HOW ABOUT NOW? YES.
SO, SO JUST TO GIVE SUMMARY THAT MEET ONLINE ARE SURE.
FEEL ATIONS ARE DIFFERENT THAN ANY OTHER, WE DON'T KNOW THE PROJECTS, WE DON'T KNOW THE DEVELOPERS.
WE HAVE TO RIGHT DEALS JUST A LITTLE BIT OF AND THE USE TO PICK UP THE PROJECT.
SO IN 2006 THE COMMITTEE'S NUMBERS CAME UP WITH THE CONVERSATION FOR ABOUT 41 MILLION TO SHARE RULES ON THAT CONVERSATION WHERE THE FUNDS HAVING SUSPENDED SOUTHERN DALLAS OR THE SO REQUEST STATE FOR BACK AND WITHIN THAT THERE IS A SPECIFIC
SO FOR A LOT OF OUR ROADS AND INFRASTRUCTURE THINGS THAT THE EXACT SAME THING SAID INTO THE HOUSE AS WE NEED WAS A LITTLE BIT MORE MONEY.
$5 TO SPLIT BETWEEN HOW WE NEED COMPARE.
AND SO THE SAME WORD THINK UM, YOU ARE TWO MARKS, ECONOMIC DEVELOPMENT PROPOSITION, ONE FOR THE ROAD AND THEN SOME FOR THE CANYON.
WHICH EXCUSE LIKE A VERY PROMISING PROJECT AT THE TIME ALL THE WAY.
BUT CONSTRUCTION IN 20 CORRECTION THE CHANGE WITH THE IDEA THAT 2017 WAS COUNCIL MEMBER HAD DISCRETIONARY.
AND SO THERE'S A CHART ON PAGE ON IT WHERE YOU CAN SEE WHAT CANNOT MURDER ASKS FOR THE ECONOMIC DEVELOPMENT PROPOSITION AND WHAT SUSPEND TODAY.
AND IT IS TO BE HONEST, IT'S SLOW.
THE DOOR PROJECT HAS TO BE SLID OFF ON BY THE NUMBER, WHICH IS SO IT IS SO MUCH PROBLEM TO DEPLOY THE, TO DO THAT MODEL.
SO THAT I'LL JUST STATE THE OBVIOUS THAT THE THE ROUGHLY 20 MILLION ARE STILL THERE.
IT'S ABOUT 35 OR 40% MONEY DEVELOPED, STILL SITTING THERE WAITING SPEND COMPLAIN.
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DON'T HAVE ANY, THESE MONEY DID NOT ASK MARKETING.SO MY EXCHANGE CREDIT COME WRONG EVERYTHING COUNCIL, I WAS ABLE TO HAVE 10 MILLION SPREAD ACROSS PERIOD COMPENSATIONS PARK AND SOME OF EM COULD ALL TEND TO RECOMMENDED DEVELOPMENT, SOME COULD ALL PARTS, SOME OF THE AND SOME HAVE.
SO THE LIST HERE IS THE PIECE THAT THEY REQUESTED TO BE IN PROPOSITION DEVELOPMENT.
SO MAKE SURE EVERY COUNCIL MEMBER WAS ALLOCATED 10 MILLION AS DISCRETION ACROSS VARIOUS THAT THEY COULD USE ACROSS EVERY THEIR VARIOUS PROPOSITION.
WELL THEY HAD TO PICK UP FRONT, RIGHT? SINCE THEY ALL THEY ARE THEY ANOTHER COUNCIL SWAP? YEAH.
SO SINCE YOU WERE ON THE COMMITTEE, WELL I RECALL UH, I THINK SOME GABE LITTLE BIT UH, FOR BERRY REMEMBER UM, THAT'S THE ONE THAT I PRETTY MUCH PARTICIPATED ON.
BUT THERE WAS A COUPLE OTHER THAT I THINK HE EVEN UH, I WAS ON THAT WAS, IT'S BEEN, IT'S BEEN A WHILE BUT I, I DON'T THINK I SUPPORTED THIS MODEL.
I THINK THE COUNCIL MEMBERS SUPPORT THE MODEL OPPORTU A LITTLE TOUGHER THAN THE HAS TO GONE WHICH HAD VERY, WHAT MAKES ESSENTIALLY THE COUNCIL CONTROL THE FUNDS.
SO WE DO APPEAL ONCE WE GET AN APPLICATION TO NOT TALK TO THE COUNCIL.
SO WE ALL DID END THE SIGNED TERM SHEET AND WAIVED HER COUNCIL AND ASKED THEY WHY TO USE THEIR BOND PLUMBING TO HELP TAKE THAT THEY DON'T WANT.
SO ARE YOU SAYING THAT THIS 19 MILLION, 19.5 MILLION IS THE AMOUNT OF MONEY OF THEIR 10 MILLION THAT DID NOT SPEND? NO, THIS IS THE TOTAL OF 55 MILLION.
SO FOR EACH COUNCIL, COUNCIL DISTRICT ONE THEY HAVE A PREMIUM LAND IN ECONOMIC 12 AND 1.1 IS STILL AVAILABLE TO BE SPENT.
AND UNLIKE MOVIE ECONOMIC DIDN'T THE, WE JUST DID HAVE THE FIRST SERVICE.
SO IF HE HAS A GOOD DEAL, IT'S ANOTHER ADMINISTRATIVE HURDLE IS THE TWO OF US KEEPING UP WHO'S MADE COMMITMENTS ON THIS MONDAY? WHICH IS WHY ISSUE A SEPARATE PROPOSITION FOR DEVELOPMENT AND HOW THINGS ARE STAFF.
CAN YOU SOMETHING LIKE THAT? YOU WAIT THE PROCESS TO TYPICALLY YES, BUT WHEN WE RECEIVE APPLICATION YOU'RE CONFIDENTIAL OR I DON'T THE COMPANY IS BECAUSE THEY'RE USING NAME AND AS SOON AS THEY SUBMIT YOUR APPLICATION, THE COMPANY IS I CAN AND SO USUALLY
SO COST FOR TAKING IN POTENTIAL KILL THAT FAR ALONG AND THROUGH.
DIFFERENT, MAYBE YOUR ANALYSIS WOULD MAYBE CUT THAT POTENTIAL PROJECT OFF IN THE BEGINNING OF THE DUE DILIGENCE SQUARE DOWN.
YOU DON'T HAVE ALL WAY THROUGH THE PROCESS AND YOU'RE INVESTING IN TIME AND EFFORT AND MONEY AND THAT MAYBE YOU EITHER APPROVAL NOT.
SO I WOULD NEVER TAKE THE DEAL FOR THE, UNLESS ENOUGH MONEY MY DEPARTMENT OTHER SOURCES.
SO CHOICE QUESTION COUNCIL, DO THEY KNOW YOU MONEY? SO WHY WOULD THEY SPEND THEIR,
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SORRY THE COUNCIL PERSON TO THOUSAND ASK FOR THE COUNCIL PERSON TO RECOMMEND THIS TO RECOMMEND.NO, I MEAN AS LONG AS IT'S COURT THE APPLICATION.
THIS ISN'T TO THEORETICAL CONVERSATION WITH THE COUNCIL MEMBER.
ALRIGHT, SO I KNOW YOU SEEN THE SPEND TOO MUCH TIME ON PREVIOUS EXAMPLES OF HOW WE SPENT THE MONEY, BUT IT WAS THINGS LIKE
ONE OF THE, THE ON THE REGULAR MALL ABOUT 40 MILLION FROM BY CITY VERSUS BOND AND RETURN AGAIN SHOPS.
THAT'S HOUSING THE DONE THAT WE TOOK COUNCIL JUST A FEW WEEKS AGO.
QUESTION AGAIN YOU WE HAVE NO IDEA THAT THE 2017 WAS BUT CAUSE WE HAD BOND AVAILABLE FROM THE COUNCIL MEMBER, SAME COUNCIL MEMBER.
WE WERE ABLE TO PART FUND THAT EXHIBIT WITH THEIR HELP.
SO, AND THEN WE THREW IT AT CLASS.
THEY ONLY GOT 2 MILLION TO HOLD UP BUT WE BUDGET HUNDRED THOUSAND DOLLARS FROM, BUT IT'S AN URBAN MORNING SCHOOL EXPERIENCE THEIR KIDS, SO THEY GET PICKED UP FROM SCHOOL, THEY GET HELP THE HOMEWORK, SOMEONE'S DAYS SLEEP AND THEY GET ARRIVED AFTER SCHOOL.
SO FOR PARENTS WHO WORK NIGHT SHIFTS, THEY USUALLY INFORMATIONAL.
THIS PROJECT HAS WON ALL KINDS OF AWARDS FOR DALLAS AND BECOME SUPPORTIVE.
SO CAN YOU HEAR THE OUTCOME WHEN WORK ON COMMITTEES FROM HOST AND SORRY IF YOU DON'T MIND BEFORE WE WE GO TO THE FUTURE WE COULD MAYBE LOOK, LOOK A LITTLE BIT AT THE PAST.
I'M CURIOUS HOW MANY, LET'S LET'S SAY CALL THEM DEALS.
HOW MANY DEALS DOES ECONOMIC DEVELOPMENT DEPARTMENT, HOW, HOW MANY OF THEM FLOW THROUGH YOUR DEPARTMENT? HOW MANY ACTUALLY CLOSE? WHAT'S THE AVERAGE TERM YOUR FUNDS? DO YOU TRACK THAT ANB OR HOW IS IT THAT YOU CLASSIFY AGAINST? YEAH QUESTIONS.
WE STILL WAS A LOT OF APPEALS TO GET A VERY SMALL DALLAS COMPANIES' NEVER A LOT OF REQUEST A AND THEY DON'T COME WORK SUBPOENA.
UH, SO A LAW STACK OF TACKLING PEOPLE WHO MAY THE FUTURE OR TO DO SOMETHING ELSE.
THE DEALS WILL BE DEFAULT TWO PRODUCT.
THEY'RE REAL ESTATE JOBS AND THE ANALYSIS IS DIFFERENT PEOPLE, IF IT'S A REAL ESTATE DEAL, WE'RE DOING FINANCIAL UNDERWRITING JUST LIKE WE'RE LOOKING TO SEE IF THEY MAXIMIZE THE PRIVATE DEBT, THEY HAVE AN EQUITY CONTRIBUTION THAT MARKET THEN THERE'S STILL A GAP IN A DEAL GETTING SERVE PUBLIC TAX EACH JOB PROVIDE TO PUBLIC TO MAKE, IF IT'S MISSING, IF THERE'S SOMETHING THERE THAT PUBLIC PROCEEDS AS A RESULT OF NEW HAPPENING, THEN WE CAN HELP BUILD THAT GAP.
THE OTHER WAY WE CAN GO FROM THE CHILD, WE DO A FISCAL ANALYSIS TO MAKE SURE THAT THE INCENTIVE WE'RE GIVING A COMPANY LIKE GOLDMAN SACHS TO COME TO DALLAS MORE THAN ANYTHING.
AND SO A LOT OF PEOPLE CAN GET DEVELOPMENT IF SOMEONE SAY MILLION DOLLAR, IT'S NEVER, IT'S IF WE INVEST HUNDRED MILLION DOLLARS, WOULD YOU GIVE US A MILLION BACKWARDS? ALWAYS.
AND SO THAT ANALYSIS FOR DOING ON EACH, SO UM, YOUR AVERAGE MANY CLOSE.
I WOULD SAY PROBABLY TAKE 15 TO 25 TO COUNSEL FROM ALL KNOW AREAS IN THE FUTURE YEARS I THINK WILL BE DIFFERENT.
CAUSE IF COUNCIL APPROVE POLICY AND THE LAST SEVEN NOTES THAT COULD BE UNDER MILLION DOLLARS IN CERTAIN AREAS TO IMPROVE INDUSTRY.
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AVERAGE SIZE.BUT A LOT OF THE THINGS WE DO ARE, YOU KNOW, UM, HELPING US TREATY OPERATIONAL FELONY OR UM, CHO THE DEAL THAT TOOK A SWIM NEGOTIATE NOT A BIG DEAL, TOOK A LOT OF HELPING TOUCH TALL, YOU KNOW TOO SO LITTLE.
IT'S PROBABLY POSSIBLE TO CALCULATE THE, YOU HAVE A SENSE ON WHAT KIND RETURN YOU GETTING HERE.
WHEN WE START DISCUSSING THIS OUTSIDE OF THIS ROOM, WE SAYING HERE ABOUT THE TYPE OF UH, IMPACT THAT THESE ONES ARE HAVING LET THING I CAN WE GET THROUGH MIX TOP, BUT WE DO HAVE SOME METRICS TO, WE DO HAVE, PARTICULARLY FOR OUR CHIEF, WE KNOW EXACTLY WHAT THE GROUP IS, WHAT OUR S BEEN, WHAT WOULD YOU FIND FOR YOU? SO FOR EXAMPLE WITH THE WE SPOKE UHHUH, YOU GAVE HIM FIVE.
SO GIVE WHAT YOU EXPECTING BACK TO THEN.
I EXPECT THEY GOT DOLLARS BE CREATED 90.
I THINK WE HAVE REQUIREMENTS TO LOCAL HIRING REQUIREMENTS, JOB HIGHER REQUIREMENTS.
WE HAVE REQUIREMENTS OR LEADERSHIP, EVERYTHING.
UM, SO WE, WE BUILD IN, IN ALL SORTS OF LAYERS COMES PARTNER.
SO WE HAVE DO YOU HAVE HOW MUCH? 12.
WE HAVE A LITTLE BIT PROJECTS THAT WE USE FOR, SO THAT WOULD BE END OF 6, 20, 12 AT THE TOP OF YOUR HEAD.
IT'S NOT A LOT BUT MOST COMMITTEE TO RECORD, WHICH WE COUNCIL DISTRICT THAT'S RIGHT.
AT THIS POINT PUT SIX OR 12 ON PREVIOUS.
DO YOU PRIORITIZE, LET'S SAY SOMETHING ON TWO YEARS VERSUS SALT SCHOLAR? HOW DO YOU, SO DON'T, DON'T NEVER PLAN, BUT HOW DO YOU PRIORITIZE? I DO FROM, YEAH, WE'RE ALWAYS SO, BUT REMEMBER COMPOSITION RULES, SO HAVE A GREAT DEAL OF 2006 MONEY.
IT'S NOT AS AREA DELAY THAT STATE.
MEMBERS FIRST SAY HEY THE REPORTS AND ACTUALLY VERY BRIEF SEE QUESTION.
UM, SO WITH THE DEAL FLOW, UM, A LOT THINK SHE'S YES IS STAFF IN COMMUNICATION WITH WITH HOW ABOUT WHAT COMING TO THE PIPE, WHAT DOES THAT SO MEETING YES WE'RE, WE'RE PRETTY CONSTANT COMMUNICATION HOUSING AND ECO GOES TOGETHER AND I PROBABLY AS MUCH HOUSING AND HOUSING LEVEL COUNTY, RIGHT? SO WE DO MORE TO DEVELOPMENTS WHERE THERE'S FUNDING INVOLVED OR DOWNTOWN DEVELOPMENT RESIDENTIAL COMPONENTS THAT THESE TOOLS DON'T WORK FOR THOSE PEOPLE.
SO YES WE WATCH COUNCIL ITEMS SUBMITTED TO AS A FOLLOW UP TO THAT, IS THERE ANY TIME WHERE YOU'RE FROM THE BUDGET SIDE THAT YOU GUYS ARE BUDGET FROM THE SAME THING? UM, NO I DON'T THINK SO.
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4 MILLION, ALMOST ALL SALARY OPERAT AND THEN WE HAVE SET MONEY WHICH WE, AND WE HAVE BOND MONEY TO SPEND AND THEN WE GET ABOUT $9 FROM IN THE CITY NEW CITIZEN.THAT'S NOT ALL BRAND REGARDS TO MONEY DEALS WERE DONE 10 OR 20 YEARS AGO.
STILL WE PAYING OUT ON HUNDRED VALIDATIONS.
SO WHEN I PAID 9 MILLION 20, 24 LOCATION WILL BE PAYING FOR PROJECTS IF THAT MAKES SENSE BECAUSE JUST BECAUSE THE PROJECT TWO, THEY STILL HAVE TO BUILD IT HIGHER AND WE ALL THE PERFORMANCE, IT'S COMPLICATED.
ALL RIGHT, SO MANY OF THE OPTIONS, OKAY, SO WE DON'T OUTLINE FOUR BASIC CONCEPTS ARE THREE MILLIONS.
SO THE FIRST ONE IS THAT WE FOCUS IN ON FOUR AREAS WHERE WE DON'T INVEST ACCOUNT AND WE KNOW THAT ARE COMPANIES AND THERE'S A NO REAL SOURCE FOLLOW AND THOSE ARE PLEASANT FOR, FOR THE CITY OWNS TO LOWER PARCEL FOR DEVELOPMENT THAT HAVE NO MONEY TYPE GALA.
THINGS ARE HAPPENING EVERYWHERE.
AND WE'LL TALK ABOUT THAT ONE FROM DALE, THE INTERNATIONAL DISTRICT WHICH HAS LIKE A PARK COMPONENT PARK CIRCUIT COMMITTEE TALKING ABOUT RIGHT NOW, OTHER DEVELOPMENT AROUND THAT.
AND THEN HINSLEY FIELD, WHICH IS THE SIDE OF THE PROPERTY DOWNTOWN IN SOUTHERN DALLAS.
SO DO YOU WANNA WALK? WHICH ONE AND EVERYONE HAVE CHOOSE THE READING.
I DON'T KNOW WHAT SHOULD TURN PLEASE.
OKAY, SO LET'S GO TO THE FIRST ONE PLEASE.
SO THANK YOU ASHLEY FOR MAKING THIS JENNIFER.
SO WHAT WE DID HERE IS MAP ALL OF THESE BECAUSE WHERE OUR CITY, THE INTER INTERNATIONAL DISTRICT IS STRAIGHT NORTH CENTRAL IS THE OLD BATTLE MALL HERE IN FAMILIAR.
SO THAT'S WHERE LARGER EARTH KEN FIELD IS RIGHT ON THE BORDER RECORD IN SOUTHWEST DALLAS.
UM, UT DALLAS, STRAIGHT DOWN ON SOUTH CENTRAL NORTH OF 20.
AND THEN THE TWO SIDES OF GRO TO ARRIVE, THEY ARE CITY ON THE CONFERENCE NEXT.
ALL RIGHT, SO SPECIF, AS I MENTIONED, THIS IS THE FORMER PRESENTATION.
IT'S ALWAYS BEEN ABOUT A CITY FOR THEY HAVE SOLUTION TO OUR, AND WE'RE WORKING ON FORM, BUT IN DECEMBER, COUNCIL NEXT TO REDEVELOP THIS TO WHAT YOU SEE HERE, WHICH IS A LARGE MEAN LARGE COUNT EXCUSE DEVELOPMENT, A COMMERCIAL RESIDENTIAL AND ALL THINGS.
IT'S ALMOST 7,000 RESIDENTIAL METERS ALONG.
SO THIS IS, THIS IS A MAJOR ONE.
SW ARE AN OLD RUNAWAY ARE STILL THERE AND G FIRE.
SO THEY ROLL OUT THE ASSEMBLY
UM, THERE ARE A FEW OLD HANGERS, AIR HANGERS, BUT WE CAN CRUISE FROM FILM STUDIOS ALL THE TIME WITHOUT USING THOSES.
THEY'RE SORT TALL AND THEY'RE CLEAR AND SO THEY'RE WILLING FOR FILM EQUIPMENT.
SO I IMAGINE THAT'LL BE HARDER FOR MASTER.
AND THEN THERE ARE FEW SMALL LEASES ZONES.
THEY DEPARTMENTS ARE OUT THERE.
UM, FOR STORY THINGS LIKE BEING ABLE TO SOLVE THE, SO THERE'S LOT DONE BUSY FIELD.
THE INFRASTRUCTURE JUST FOR THE FIRST PHASE IS ESTIMATED ABOUT 46000001ST.
THIS IS PROBABLY 25, 30 YEAR PROJECTS TO REDEVELOP.
THIS IS SOMEONE'S WHOLE CAREER TO REDEVELOP FIVE 30 TO WHEN WE DEVELOP.
CAN YOU TELL US A LITTLE BIT ABOUT THEN, SO WHAT IS YOUR, ESPECIALLY WITHIN ENVIRONMENTAL MEDIA? GREAT QUESTION.
ACTUALLY THE CHRISTINE AND I WERE TALKING ABOUT RIGHT BEFORE WE CAME IN, AND THIS IS PROBABLY MULTIPLE BONDS, RIGHT? SO IF THIS ME IT MAKES SENSE AS AN DEAD BOND BECAUSE WHAT NEEDS TO HAPPEN IS RIPPING OUT REAL RUNWAYS AND WORKING ON JEFFERSON, WHICH IS MAIN'S ROAD ACCESS.
AND THE CITY OF PERRY PRAIRIE IS WORKING ON THEIR HUNDRED AND THERE'S NO INFRASTRUCTURE BACKWARDS.
SO THOSE, YOU KNOW, WATER LINE.
SO THAT ALL NEEDS TO DIFFERENT FIRST AND WE'LL PROBABLY DO IT A BUNCH OF DIFFERENT
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WAYS.WE'LL PROBABLY CREATE 10, BUT WE'LL PROBABLY MAYBE USE THE BOND.
THERE'LL PROBABLY BE A LOT OF DIFFERENT SCHOOLS OF USE IN POWER PART OF THIS.
AND THEN 10 YEARS DOWN THE ROAD WHEN ALL US IN, HOW IS IT GONNA TAKE OVER AT THAT POINT AND START BUILDING RESIDENTIAL OR WE MAY START ATTRACTING COMMERCIAL AT THAT POINT, BUT THE FIRST SAY FIVE, 10 YEARS, IT'S ATTRACTING OUR DEVELOPER AND THAT WILL GO UP THIS YEAR AND THEN IN CONSTRUCTION.
SO IT'S JUST A LOT OF COURT FIRST YEARS HAVE WORK THAT NEEDS TO BE DONE.
JUST A A FOLLOW UP QUESTION ON, SO DO WE FEEL COMFORTABLE ENOUGH WITH THE ENVIRONMENTAL MEDIATION BEING PAID FOR BY THE DONE WITH THE TITLE MATTER THAT THIS MAKES SENSE? YEAH, THAT'S A GREAT QUESTION.
SO SMALL BACKGROUND, THE CITY WITH DEPARTMENTAL DEFENSE AND THE NAVY AGREED TO CLEAN THE SITE FOR ROOM SHOULD BE RESIDENTIAL STANDARDS BY 20.
THAT'S EXTREMELY THAT STANDARD.
IT'S NOT DONE HERE WE ARE 30, IT'S NOT WORKING.
SO WE'RE IN THE PROCESS OF THE STREAM WHEN THE DEPARTMENT OF DEFENSE JUST IS WHAT THEY'RE GOING TO DO AND WHEN THEY'RE RUNNING INTO LOT OF DONE, WE CAN BUILD A LOT OF THINGS UP HERE JUST YET, DON'T SEE HOW.
AND SO A LOT OF THE WORK THAT NEEDS TO HAPPEN OVER THE NEXT DAY START.
NOW MY UNDERSTANDING ABOUT ENVIRONMENTAL EXPERT, MY UNDERSTANDING IS THE MAIN CONTINUER WHAT FEEDBACK THE FIRE AND IT IS IN PARTICULAR'S UNDER THE SITE IT'S SITE.
SO TO YOUR POINT, YES I THINK WE CAN GET SOME STARTED.
WE JUST NEED TO SORT OF WORDED AROUND WHAT'S STILL BE WORKED ON.
NO, DID YOU HAVE A QUESTION? UH, MR THE 46 BILLION ESTIMATED ONE IS A NO.
UH, WOULD IT BE NORMAL TO FUND, YOU KNOW 40,000,040 6 MILLION? WELL THE CITY FUND, ALL RIGHT AND THAT'S, THAT'S PHASE ONE.
THERE'S ABOUT 200 PIECE HUNDRED MILLION PERCENT 30 OVER THE COURSE OF THE NEXT ONE YEARS.
SO IS IT NORMAL? I DON'T KNOW.
IS IT KNOWN AND IT NEEDS TO BE FUNDED SOMEHOW AND THERE ARE DIFFERENT WAYS TO GET THERE.
THE BOND IS QUICK AND IT'LL COME ON BOARD RIGHT OUT AT THE TIME YOU NEED IT.
WHEREAS SOMETHING LIKE A TIP, WHEN YOU CREATE A TIP FOR NO MONEY, YOU CAN WRITE WAY FOR THINGS TO HAPPEN TO CAUSE TAXES TO GROW, TO CREATE, IMPLEMENT TO WE INVESTED.
SO THAT'S KIND HOW LONG TERM IF I TOLD FOR HOUSING OR FUTURE VERTICAL DEVELOP FOR THE HORIZONTAL THAT TO UM, MY QUESTION IS, IF I MAY IS IF WE'RE SAYING IF WE HAVE A NUMBER THAT SAYS IT'S 46 MILLION FOR THE PHASE ONE WE, WE HAVE DECIDED DEVELOPED, WE DON'T HAVE A DEVELOPMENT PLAN.
HOW DO WE KNOW COST? IS THIS AN ACTUAL AWESOME BE INFLATED OR GREAT QUESTION.
WE DO KNOW HOW WE'RE BE DEVELOPED.
SO THE MASTER PLANNING IS OUT SPECIFIC CERTIFIED.
IT IS BASED ON WHAT OUR MASTER DEVELOP TEAM GOT COULD BE ABSORBED AND WHY THE MARKET.
AND SO THERE ARE SPECIFIC RECOMMENDATIONS ON COMMERCIAL, ON RETAIL, ON RESIDENTIAL, ON URBAN FARM.
HOW THAT OCCURS IS TO TRIGGERED, WE MAY COME BACK INTO THE COUNCIL AS WE STARTING AND MAKE ADJUSTMENTS.
THE MARKET MAKES OUR GROUND WRONG.
WE MAY BACK MAKE ADJUSTMENTS BUT WE KNOW THAT HAS TO BE BUILT.
WHATEVER BE BUILT THOSE WRONG WAYS HAVE TO BE TORN OUT.
SO THERE ARE THINGS THAT DIDN'T HAVE WRITTEN REGARDLESS OFS OUT THERE THAT YOU DIDN'T HAVE YES.
SO ALL OF THE MASTER AGAIN FIRST IF THAT MAY COOL, I DON'T WANNA LOSE OUR FOOT ON THE SCREEN.
IF YOU SEE JUST TO THE WEB THAT'S ALSO SITTING AND THEN EVERYTHING ACROSS THE LANE INCLUDING THE ROAD AT THE BOTTOM LEFT CORNER, THAT'S ALSO, AND SO IT'S VERY RIGHT NUMBER ONE WAY TO AMOUNT THIS PROPERTY AND HAVE BACK GRAND PRAIRIE MAY MULTIPLE INCREASE GRAND.
SO MY QUESTION IS SINCE GRAND PRAIRIE WILL BE, WILL HAVE INTEGRAL PART IN THIS DEVELOPMENT, WILL THEY HAVE AN INTEGRAL PART IN THE COST OF
NOT BECAUSE THIS IS ALL, ALL OF THE TAX REVENUE
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AND CIVIL TAX REVENUE WHEN EVERYTHING IS SPIN OUT OF THIS PROJECT WILL BUT THE SCHOOL DISTRICT IS SCHOOL AND STILL DISTRICT TAX, THE TAXES DISTRICT WILL ROBERT RECEPTION IS THE BALL INFRASTRUCTURE.I THINK IN THE BEGINNING, YES I DO.
I DON'T THINK THERE WILL BE DEVELOPED WHAT NEEDS TO HAPPEN THE VERY BEGINNING THERE'S A SECONDARY THAT NEEDS TAKEN CARE OF.
THERE'S A GIANT HELICOPTER MAGNETOMETER UP THERE, THERE THERE'S A AIR TRAFFIC CONTROL TOWER,
THERE'S A LOT OF THINGS THAT MAY HAPPEN BUT I CAN'T IMAGINE A PRIVATE DOG THESE TIME AROUND TO TAKE THAT RISK.
SO I DO THINK THE CITY RED, LIKE WE BE MOVING FORWARD, I THINK WE WILL HAVE TO STEP UP FIRST AND I THINK IT'LL ALSO ATTRACT DEVELOPMENT THINGS THE CITY PUT.
AND WE'RE WOULD ANY OF THE OTHER LIKE STREETS NO INVENTORY HE UPGRADED RIGHT? QUESTION THE SITE INFRASTRUCTURE FILES, UH, IT SOUNDS LIKE THAT MARKET, SO PIECES TOGETHER.
WELL THE CONCLUSION IS THERE'S DEMAND FOR ALL THOSE USES OUT THERE AT CERTAIN RENTAL RATES, BUT THOSE RATES AREN'T HIGH ENOUGH TO JUNE SAY DEVELOPER TO FUND THE COST OF THE CONSTRUCTION PLUS THE, YOU KNOW, ALL IF IF THIS WAS FOR EXAMPLE IN THE MIDDLE OF UPTOWN NOW I JUST SAY YEAH DIDN'T HAVE ANYTHING THERE TO DO.
HOW MAYBE LAND AND THEY, YOU KNOW, PREP INFRASTRUCTURE STUFF.
BUT IS WHAT YOU'RE SAYING IN THIS LOCATION THAT THERE IS DEMAND, THAT RENTAL RIGHT? 80 POINT
SO I DON'T SEE THE IS NOT AN INITIAL INVESTMENT.
I SEE CITY BEST IN TERMS OF GIVING THE LAND.
WE HAVE CARE OF MARKET VALUE EQUIPMENT.
THE ONLY WAY WE CAN MARKET VALUES AFFORDABLE HOUSING.
SO HONOR THE LINE BUT WE COULD CONTRIBUTE TO SOMETHING LIKE A, A LOCAL GOVERNMENT CORPORATION OR SOME CITY SUBSIDIARY TO TAKE IT ONE STEP AWAY FROM CITY HALL AND IN NORMAL THERE SOME TYPE OF SEPARATE SOCIAL MEDIA ABOUT AND MENT DALLAS MEETING ABOUT THREE WEEKS AGO.
OH THAT WAS DALLAS THIS MORNING.
YEAH, PLENTY PART WHEN BASICALLY JUST TALKED TO THE MATCH.
NEXT UP IS THE INTERNATIONAL THIS BETWEEN THE
AND SO THE CITY HAS
UM, AGAIN THIS IS ONE OF THOSE HUNDREDS AND ACRES MEGA CRIME REDEVELOPMENT.
THERE IS COMPLAIN THE CALL FOR 20 ACRES FROM A CENTRAL PARK.
THE CITY'S MADE THE FIRST PURCHASE FOR THAT PARK PRISON BUILDING WHICH WAS WELL ON PREMISE.
AND SO I'M SURE THERE WILL BE MORE HARD PURCHASES HOPEFULLY WITH POSITION WILL FUND.
BUT WHAT EXISTS ON THE SITE NOW ARE OLDER COMMERCIAL BUILDINGS THAT ALLOW TO BE, HAVE REPLACED OLDER MULTIFAMILY, SOME 30 20 YEAR FOR THAT ARE COMING TO LIFE AND THINGS HAVE A LOT OF WORK TO DO UP THERE TO MAKE SURE THAT THAT PEOPLE WHO LIVE IN ANONYMOUS PLACE AS PROCESS AND THEN THERE ARE THREE OR FOUR MAIN WHO ARE GAIN THREE FIVES
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ALL WHICH SUBSID BECAUSE AGAIN, AND SO THERE IS A TIP, THE SCHEDULE IS TO REVEREND MALL AND THE IDEAL MR READ IS THAT THE NORTH MALL, THE VALUE MALL AREA, SO MUCH BIGGER THAT IT IS SHAPED BROTHER.SO 10% VALUE SURRENDER AS YOU THE OPPOSITE SUCCESSFUL TAKEN FROM THE LONGER.
SO THE TIP IS NOT REALLY ON A USEFUL TOOL, OKAY? CAUSE NOTHING FOR THE BILLS TO CREATE THE NEW PERMIT THAT THEY NEED.
AND SO THIS IS ANOTHER AREA WHERE WE KNOW CREDITS ARE COMING, WE DON'T KNOW EXACTLY WHAT THEY ARE BUT WE WANT MAKE SURE THAT WE HAVE FUNDS AVAILABLE TO CAPITALIZE BUSINESS OPPORTUNITY FOR THE NEXT FIVE, TWO YEARS.
SO WITH THIS, WITH THE INTERNATIONAL DISTRICT, DO YOU SEE ANY OF THE MONEY GOING TOWARDS HOUSING OR BECAUSE YOU'RE PROPOSING DIFFERENT? SO SUPPORT THE HOUSING HOUSING FOR FOLKS AT HUNDRED 20% INCOME AND BELOW AND FOR HU FUNDS WHICH ARE SHOWING 80% INCOME AND BELOW FOR TAX RATE, 60% INCOME ARE BELOW.
AND SO THE VERY REGIMEN DIGITALS VERY REGIMEN SOURCE THOSE.
AND SO THERE ARE ONLY SO MANY DEALS THAT WE CAN, IF IT'S A BIG MIX STUDENT WITH A COMMERCIAL DEVELOPMENT IN A HOTEL, THERE'S SOME RESIDENTIAL ON SOME AFFORDABLE.
SO FOLLOW UP QUESTION, THE MAJOR TASK, UM, AFFORDABLE HOUSING ON HIS, ON HIS SITES.
SO HOW DO YOU SEE, OBVIOUSLY IT'S NOT LINE WITH THE SPEED YOUR TIP POLICY REQUIRED
SO JUMPING BACK, OUR FIVES ALL HAVE TO BE AWARDED THREE HOURS POLICY OUR POLICY REQUIRES.
SO ANY PUBLIC BOND COMPANY WOULD REQUIRED CAN YOU, CAN YOU SEND USK? SO I I BELIEVE IN THIS PART IS BUT MILLION IT'S STILL AN ECONOMIC BILL AND I'M GONNA PARKS PROPOSITION WHICH IS MEDIA, THAT POSITION ARE WE ALL THE SORT OF ANCILLARY DEVELOPMENT WE PLANTED AROUND THE PARK.
SO THE TALKING DEVELOPMENT, THE COMMERCIAL DEVELOPMENT AND THE HOTEL DEVELOPMENT IN INFRASTRUCTION COMMITTEE PROPERLY NON APARTMENT ITSELF EVEN THOUGH WE MAY BE THIRD PURCHASE OF THE PRISON BUILDING, WHICH IS TURNED INTO KIND OF THE PUBLIC INTERNATIONAL DISTRICT.
CAUSE WE ALL THE KIND INTERNATIONAL UH, COMPANIES AND YOU KNOW PUT SOME WORK IN INTERNATIONAL TRADE MOVING OFFICES.
SO NOW IT BUILDING EVENTUALLY WE'LL SUGGESTING NO THEY WOULD BE PROBABLY SUSPENDED IN CONJUNCTION WITH THE PARKS DEPARTMENT ACQUIRING PARCELS.
THERE'S A LOT OF ALL AROUND RECOGNITION TO THE PARK AND SO THEY BE SPENT IN ORDER.
ANYTHING ELSE THAT COMES UP THAT IT IS THE PROPERTY.
SO I THINK THAT'S THEIR COMPOSITION.
BUT REMEMBER THE CYCLE MALL SUCH AS TRUCTURE BILL 1970.
SO IT'S NOT GOING THE THAT I WAS JUST GONNA SAY THAT IS IT CORRECT THAT THE CITY HAS LOIS FOR ALL THE PARCELS IN MAKE NO, UM, ON SAME SAY, UM, IF, IF WE ARE DOING THIS AND 20 ACRES OF THIS IS GOING TO BE FOR THE PARK, IF WE'RE NOT DO, IF PARKS IS NOT
[00:50:01]
COMPLETING THAT PORTION, HOW DO YOU COMPLETELY REST OR DOES IT OR IS IT OUR, IS IT NOT ON THE PARK? IT CAN'T, I THINK THE VISION CALLS ARE PART FROM THE CENTER THAT HARM, WE EVEN THINK THAT WOULD DRIVE TEXAS AND THE RENTS THAT I THINK EVERYONE'S HOPING FOR IN THIS AREA.THERE'S JUST REALLY THAT NEEDS TO HAPPEN.
WHETHER OR NOT HARD OR EVEN PARK IS UP BEING TOO FAR OR THE PARK IS AT BEING A SMALL PART, WHATEVER THE ACTUAL OF THE PARK PIECE IS IS NOT WHAT WE'RE IN CHARGE OF.
IT'S THE THE DEVELOPMENT AROUND.
SO I THINK IT'S THE MOST INFRASTRUCTURE TO BE HONEST.
A LOT OF HOUSING CAUSE THERE'RE A LOT OF APARTMENT CONFERENCES IN THIS AREA THAT GOES LOW DENSITY, STRONG COMPLEX THAT COULD BE REPLACED WITHIN A BUNCH OF HIGHER BUILDING AND TO REPLACE ALL THE UNITS AND THREE OTHER ACRES.
SO TO BE DETERMINED THE THERE'S DEFINITELY, ALL RIGHT, SO THE NEXT ONE, SO THE NEXT IS NORTH.
SO YOU'RE BREAKING GROUND, THE SCIENCE BUILDING, UM, LOTS OF PLANS THAT TO BE SURE YOUR DEVELOPMENTS AT UT DALLAS AND THEY HAVE YOUR OWN MASTER WHICH IS A BOUND BOOK OF FACE, THE UNIVERSITY DART AND OTHER DEPARTMENTS ARE DOING CITY OF THE LAUNCH PLANNING EFFORT AND CITY WE WANNA MAKE SURE WE'RE ALSO MOVING CITY DIRECTION, ALL BUSINESSES IN UNIVERSITY DISTRICT FOR THE PERFECT DEVELOPMENT FOR UNIVERSITY.
AND SO THE CITY IS APPROVED PART OF ONE PROJECT.
THIS IS THE UNIVERSITY HILLS DEVELOPMENT BY GLOBAL AND AS YOU CAN SEE HERE IN THE IMAGES OF FOUR PHASE DEVELOPMENT, THE FIRST PHASE, ALL THE PREVIOUS SO FAR AND THE INFRASTRUCTURE FOR PHASE ONE, THREE, 3 MILLION.
THERE'S A TIP ON THIS BAR AREA BUT THERE'S STILL THREE PHASES TOGETHER AND THAT'S JUST ONE PROJECT ACROSS THE STREET AND ANOTHER MAJOR USE DEVELOPMENT AND THERE'S STILL HUNDREDS AND HUNDREDS OF ACRES OF PROPERTY TO BE DEVELOPED IN THIS AREA.
AND IF YOU'VE BEEN OUT THERE, IT'S CATCH.
IT'S NOT INFRASTRUCTURE STYLE, IT'S NOT THERE, THERE'S NONE.
AND SO EVERY PROJECTS REQUIRED INFRASTRUCTURE.
SO ANOTHER AREA INFORMATION, THE BAR THERE YOU GO OUT THERE.
WHAT'S PARTICIPATION, I'M SORRY? WHAT'S THE PARTICIPATION OF THE DEVELOPER IN THE DEVELOPMENT OF THAT 33 MILLION? YEAH, SO THE WAY THIS ONE IS SET UP, THE DEVELOPER ACTUALLY HAS PAID FOR ALL INFRASTRUCTURE.
SO THEY WILL PAY FOR THE INFRASTRUCTURE AND THEN THEY HAVE PATIENT SAY FOR THAT IT'LL BURN OFF AS YOU DID GO THE VERTICAL DEVELOPMENT THAT WILL START REPEAT TO PAY THEM INTENT FUNDING.
SO AS THEY BUILD MULTI-FAMILY BUILDINGS BUILDING WHOLE LIST OF REQUIREMENTS IN THEIR AGREEMENT AND AS YOU THEY CERTAIN PRIVILEGES PART OF THEIR REPAYING ON PROBATION IS FORGIVEN.
SO IT'S THE PUBLIC BENEFIT IS NOT TRUCTURE, RIGHT? PUBLIC BUSINESS IS A TAXING EXPERT.
AND SO WHILE WE WERE REALLY ABOUT BUILDING COMMERCIAL BUILDING WITH SINGLE FAMILY, HOMELESS AND MULTIFAMILY, BUT TO GET THERE WE HAD INFRASTRUCTURE.
AND HOW MUCH IS THAT? NONE OF US.
AND IT'S SIMILAR TO THE PREVIOUS OWNER, RIGHT? SO THE PREVIOUS OWNER WAS SOME TURNING EVERYTHING THEY ARE IN THE PROCESS OF SELLING THE LAND TO GLOBAL, SIMILAR SORT VISION DEVELOPMENT HOUSTON.
BUT AGAIN THIS IS A ONE 300 ISH ACRE DEVELOPMENT AND AN 1,804.
SO THE LAST YEAR IS VOLUNTEERS.
SO WE'VE ACQUIRED TWO PROPERTIES TO HELP WITH NEVADA, TWO STANDARDS AND WE'RE IN THE PROCESS OF TRYING TO GET A DEVELOPER DOWN THE BOARD TO BUILD SINGLE FAMILY HOUSING PRIORITY TO BUILD EQUITY AND WEALTH
[00:55:01]
WITHIN THE NEIGHBORHOOD.AND AGAIN LONG THE CITY ON RB, IT CERTAINLY DOESN'T HAVE SUPPORT OF HOUSING WE'RE TALKING ABOUT.
SO IN ADDITION TO THE SITES, THERE'S
AND I'M SURE THAT WE MADE INVESTMENTS IN THE OFFER, THE OTHER DEVELOPMENTS WILL COME AND THERE'S NO TIP BACK HERE.
THERE'S NO SPECIAL TOOL FOR PLEASANT ROAD WHAT WE HAVE.
SO WE WOULD REALLY LIKE TO DEDICATE COMMON FUNDING SPECIFICALLY TO PLEASANT HILLS AND FOR THESE TWO PROJECTS.
SO ABSOLUTELY LOVE THAT THERE'S A FOCUS LIKE THIS GLOBAL AND DID YOU HAVE ANYBODY RESPOND? I WE DID.
UM, HOW, HOW WE FEEL COMFORTABLE THAT 20 MILLION WITH THIS PROJECT SPEND BE GUIDED.
WHAT WILL BE GUIDED BY YEAH, THAT'S A GOOD QUESTION.
SO THE PROPERTY THAT MENTIONED ON ST.
AUGUST, THE TOP PROPERTY HERE DEGREES, WE'VE ALREADY UNKNOWN VERTICAL HAD, WE HAD MULTIPLE RESPONSES.
I THINK THE PRINTER STILL OPEN SOME OTHER, BUT THEY WANT TWO TOP SCORES WITH DEGREE DIGITAL VISION TO DEVELOP THE PROPERTY AND THE PLAN MARKET STUDY HAS CONTRIBUTED DEVELOP DESIRE FOR US.
SO THE PLAN IS THEN INCLUDED MEDICAL FACILITY THAT IT WOULD INCLUDE.
UM, HOUSING PART IS INLAND, SO SPACE AND THEN SOCIAL INTER PARTNER IS BUILDING.
UM, SO THAT ONE'S VERY THOUGHT ALONG.
UM, WE'RE GOING THROUGH THINGS LIKE SURVEY, TOPOGRAPHY STUDY.
I FEEL FAIRLY CONFIDENT THAT ONE WILL HAPPEN.
WE'RE JUST NOT TO THE POINT WHERE WE HAVE A BUDGET TO KNOW HOW MUCH THIS CITY PARTICIPATE AND HOW MUCH MARKET WILL, WHAT WE DON'T WANNA DO IS BUILD A SUBMARKET PRODUCT.
WHATEVER WE BUILD, WE'LL SET THE MARKET IN AN AREA.
AND SO HIGH QUALITY MARKET PRODUCT, THE OTHER PROPERTY ING CITY JUST BROUGHT, I THINK IT CLOSED ONE REVIEW NOT VERY LONG.
AND SO WE ARE RUNNING BEGINNING STAGES ON THAT ONE.
WHAT THE DEVELOPMENT OF ALL OUR EXISTING POLICIES.
SO I KNOW IT'S OF EXTREME I IMPORTANCE TO THE COUNCIL MEMBER THAT NEEDS BE OWNERSHIP OPPORTUNITIES THAT DID NOT BE MULTI BUT THAT SORT OF, YOU KNOW, SATISFY SURROUND WHICH IS A LOT FAMILY, A LOT OF OWNERSHIP.
WHAT IF YOU TALKED US THROUGH SEEM A LOT MORE, YOU'VE IDENTIFIED THE NEEDS AND SO WHY, WHY 20 MILLION PEOPLE? THIS IS NOT A SIGNIFICANT AMOUNT.
SO IT IS ALL, I THINK WE'LL NEED ONE MORE THAN 20 MILLION.
I THINK WHAT WE'RE GONNA HAVE TO ADDITION INFRASTRUCTURE AND IN ADDITION TO LACK THE MEDICAL CLINIC IS THE HOUSE.
NOT TO BRING IT DOWN TO AN AFFORDABLE KIND OF LEVEL.
BUT THE STUFF THAT I THINK WE'LL PROBABLY NEED TO DO DOWN PROCESS STUDIES OR SOMETHING TO THAT EFFECT OF BUYERS WHICH WOULDN'T BE BOND THAT WOULD FROM ANOTHER SOURCE.
AND THEN I THINK THE OTHER PROPERTY WE HAVEN'T BEEN A CHANCE TO BEGIN AND SEE BUT BOTH OF THESE HAVE BEEN VACANT FOR DECADES.
I CAN'T INFRASTRUCTURE EVERY BIG TIME ON THESE FACILITIES BUT WE'LL KNOW SHORTLY.
SO YOU'RE RIGHT, 20 MILLION IS MORE OF A BALLPARK.
YES, BUT I THINK IT'S PROBABLY A LOGO.
ARE YOU DOING OTHER PLANS IN THIS AREA FOR FOUR, FOR THESE TWO PROJECT AREAS? WELL SO WE HAVE ONE FOR THE FIRST.
THE SECOND ONE YES WILL BE GOING WITH THE SAME ORDER OF MARKET STUDY DEVELOPMENT SPEAK LIKE TRINITY FOREST GOLF.
UH, AND TO ME I FEEL LIKE IT, IT DIDN'T REALLY GO ITS PLAN.
I DON'T KNOW WHAT THE CITY OF DALLAS, WHAT I KNOW A THIRD OF IT IS DALLAS AND TOT THAT,
[01:00:02]
HOW DO WE MAKE SURE THAT THIS CHAIR IS MORE SUCCESSFUL THAN ONE CITY'S BEEN BUT WHAT IS NOT CITY HOME WE'RE GOING, WE'RE NOT INABILITY.WE'RE HELPING PRIVATE PARTNERS BUILD MARKET DEVELOPMENTS AND HELPING THEM TO BUILD A GAP FOR WHATEVER REMAIN.
WE'RE NOT GO THE RIGHT, IT'S MORE DIFFICULT ALONE, OTHER DOUBTS TO NOT ONLY BECAUSE OF THE PERCEIVED RISK BUT CAUSE THE THE INDIRECT DIFFERENT, THE DEBT SERVICE RATIO, THOSE OTHER ADULTS, DIFFERENT BALANCE.
AND SO WE CAN PUSH ON THAT TO SOME EXTENT OF INFORM THESE GAP AND SO HAVING THAT PRODUCT LENDING AVAILABLE FOR THESE TWO PROPERTIES OR YOU KNOW WE JUST DID AN R FOR THE DARK PROPERTY STATION.
SO THOSE COME THROUGH IT, US PROPERTY TO THE PORT PORTABILITY BUILT IN THERE, DEVELOP WHICH RIGHT.
SO ALL OF THESE PROJECTS IN THE PLEASANT ARE HIS AND HOPEFULLY WE MOVE FORWARD.
I THINK THE CHIEF JAR STATION IS MOVING FORWARD AND WHAT THEY GOOD ABOUT STY THE
SO JUST LIKE WE GOT YOU SAYING THERE'S NO MASSIVE PLAN AGAIN, I'M HOPING TO TRY TO ATTRACT SOMEBODY ELSE.
UH, IS THAT WHAT THE SURVEY SUPPOSED TALK TO PEOPLE IN HERE? WHAT'S, WELL I'M JUST SAYING ITS SUPPOSED TO BE YOU TRYING THE CITY LAW.
I DON'T KNOW AS FAR AS THE COUNCIL MEMBER, HAVE THEY HAD ANY TYPE OF NATIVE COMMUNITY OUTREACH TO THEM AND WHAT THEY WOULD LIKE IN THERE? I'M NOT SURE ABOUT THAT.
I DEPARTMENT DEVELOPMENT AND ALL OF OUR VARIOUS DEPARTMENTS HAVE MET THE COUNCIL MEMBERS.
TRIBAL DO DO A MARKET SETTING.
THE MARKET WILL THERE AND THEN WE'LL TAKE IT OUT AND DEVELOP.
ONCE WE HAVE DEVELOP ON BREWER, THEN WE'LL GO THE NEIGHBORHOOD TO SAY WHAT SHE WANTED AND NOT TURN THAT TO MOST PROPERTIES OR JUST ONE THAT'S 12 1 4 PLUS PROJECTS.
SO 20 MILLION IS FOR ALL OF PRODUCT.
ANOTHER QUESTION YOU MENTIONED THAT THERE'S A DIFFERENT STANDARD FOR PROPERTY OR SOMETHING COVER THAT THE OPERATING INCOME FOR THAT OR THE CITY WAYS THEY ARE LESS IN NORTHERN SOMEWHAT THERE ARE NO COST.
THERE IS NO REASON SINGLE TO FOLLOW AND SO IT'S DIFFICULT SOMETIMES BEING A LITTLE MORE HESITANT WHEN IF YOU FEEL SOMETHING ELSE WE'RE GONNA SIT TOGETHER.
WHAT'RE TRYING TO BUILD, YOU KNOW EXACTLY WHAT WOULD BE WE'RE DECIMATING WHAT WOULD BE QUESTIONS? YES ON THE, I THINK THE SAME AUGUSTINE UH, DEAL CAN BE REALLY INSTRUCTIVE BECAUSE IT'S A LITTLE BIT FURTHER ALONG ONCE WE'VE TALKED ABOUT SO FAR PARTICULARLY LEY FIELDER, U NT AND THE SECOND PROPERTY.
UM, WHAT DOES THE COST SHARING LOOK LIKE ON THAT ONE? UH, WHEN IT COMES TO DEVELOPMENT AND INFRASTRUCTURE, SO THAT'S TO BE DETERMINANTS.
SO WE HAVE OUR DEVELOP BOARD, ONCE THEY GET INCLUDE THE DUE DILIGENCE ON THE SITE, THEY SIT DOWN SOCIAL MEDIA PARTNER, THEY SIT DOWN WITH THE MEDICAL CLINIC, OPERATE AND FIGURE OUT WHAT THE COSTS WILL BE OUT THEIR BUDGET.
THEY'LL GO SECURE THEIR PRIVATE DEBT, THEY'LL FIGURE OUT WHAT EQUITY LOOKS LIKE FROM THEM AND THEN THEY'LL COME TO US WITH WHATEVER THAT HAPPENS.
YOU SAID THIS ONE IT HAD YES IT HASN'T USED.
DO WE KNOW THAT SOCIAL PRACTICE BUS FACILITY? THEY HAVE NOT.
SO OPTION TWO IS SIMPLE ADOPTED THE NEW ACADEMIC DEVELOPMENT POLICY AND
[01:05:01]
INCENTIVE POLICY AND A GOAL OF WHAT THE TO IS TO ATTRACT AN INVESTMENT AND SIGNAL INTO THE MARKET.AND WE WANT TO SEE THE INVESTMENT WHEN THEY GLUE IT, IT YOUR SYSTEMS WITH THE POPULAR RATE HIGHER PERCENT.
AND SO A LOT OF, AS I MENTIONED EARLIER, EARLIER, DID NOT REQUIRE COUNSEL FREE IF YOU'RE GOING A BLUE AREA OR A COUPLE THINGS MUCH FASTER.
IT'S A FORMAL CONTRACT WITH FORM COMBINATION FLOOR TO BUILD THESE AREA.
THIS IS WHERE WE ASK EVERYBODY CERTAINLY AREAS.
AND SO THE OTHER OPTION ARE, ANOTHER OPTION WOULD BE TO TARGETING ENTIRE BOND FOR THE BLUE AREA IN THE TERM RAISE QUESTIONS FROM THIS OPTION TRANSIT INTERNATIONAL DISTRICT, ALL ABOUT IT.
THERE ARE, THERE ARE TARGET AREAS IN THE COUNCIL DISTRICT, BUT OFFICER, SO I'M, I'M KIND OF FORMING THIS QUESTIONS I ASK IT ROBIN.
BECAUSE UM, SINCE THAT IS THE SAME AS THE ADOPTED ECONOMIC, OH THEN PRESUMABLY IT'LL HAVE SOME KIND OF ALLOCATION OF REGULAR FROM REGULAR FUNDS, WHETHER IT'S GENERAL FUNDS OR UM, ORT FUNDS OR WHATEVER.
UM, AND HOW, HOW THEN DOES, DOES THAT AS A NORMAL OPERATING PROCEDURE KIND OF DOVETAIL WITH UM, A A BOND PACKAGE WHICH IS, YOU KNOW, LARGER AMOUNTS OF CAPITAL TYPICALLY.
UM, SO HOW DO THOSE TWO INTERACT? AND IS, IS THERE A ROLE IN OPTION TWO OUTSIDE OF BOND FUNDING FOR THE ECONOMIC DEVELOP COURT TO PLAY A LARGE ROLE THERE? THAT MAY BE ON THE, THE CAPITALIZING ON THE BOND.
YEAH, THERE'S THERE'S A LOT IN THERE.
SO THE ECONOMIC DEVELOPMENT POLICY DO NOT HAVE FUNDING.
THEY JUST SET THE RULES FOR HOW OUR POINT AND CREATED EXCHANGEABLE WE DEVELOP DO AS A PROGRAM INFRASTRUCTURE FIRM AND IT UL TO MAKE THESE AREAS OF THE
SO FOR EXAMPLE, I STRUCTURE FUND, WHICH IS ESSENTIALLY FUND UNDER DISTRICT STARTED 25 TO FUND THE PROJECT GEORGIA COUNCIL TO FUND IN A NON-BLOOD AREAS A BLUE COUNCIL.
SO DETERMINE SIGNAL OF THE MARKET WHERE WE HAVE OUR PRIORITIES.
THE ASS ARE ONLY AVAILABLE IN THE BLUE AREAS, UM, AVAILABLE AREA.
UM, THE ADMINISTRATIVE APPROVALS TOTAL INCENTIVE OF LESS THAN A MILLION DOLLARS IN AREA.
SO THAT'S THE POLICIES THEY HOW FUND'S, NO SPECIFIC FUNDING FOR THE AREAS.
JUST DIFFERENT RULES ON HOW CAN I ASK A QUESTION? YOU ANSWER QUESTION WHY WOULD YOU FUNDS OUTSIDE OF THIS INCENTIVE POLICY THAT YOU CREATED, WHY THEY WOULD WE WANT WRONG FUNDS TO GO TO OUTSIDE OF THESE THE AREA, THE WILL BE THE ONLY FUND FOLLOWS.
AND SO REMEMBER BOND GUNS CAN BE FUNDED, THEY ARE FUNDED THROUGH FUND.
THEY CAN ONLY BE FUNDED IN TWO RATES WHEN THEY CHAPTER PAY, WHICH IS HIGHER GRANTS, THEY LOANS AND GRANTS CASE ONLY GRAND FUND UNDER YOUR BONDS WE'RE ON TRACK 78 START COMMUNITY DEVELOPMENT AND COORDINATOR STATE LAW FOR GRANT BEINGS THAT HAVE A COMMUNITY INDEPENDENCE SUCH AS A NONPROFIT DEVELOPER, THAT'S IT.
THAT'S ONLY TWO AUTHORITIES TO BOND FUNDS PRIOR TO THOSE TWO STATE LAW.
SO JUST LIKE ANY OTHER TYPES OF FUNDING GRANT, SAME ROLES, JUST I GUESS WHAT I'M SAYING IS YOUR FIRST OPTION INTERNATIONAL DISTRICT, THIS YOUR, YOUR DEPARTMENT CREATED SENATE POLICY TO PRIORITIZE AREAS.
SO WHY WOULD WE JUST THROW IN AN AREA THAT'S NOT A PRIORITY MARKET AREA BEFORE? THAT'S A GOOD QUESTION.
SO THE FIRST OPTION WE WERE TRYING TO PICK OF GAME WHEN WE KNEW DEVELOPMENT WAS COMING WHERE WE KNEW IT WOULD BE WHERE WOULD BEING ON THE TIMEFRAME, JUST WHERE IT WOULD BE ON A DIFFERENT FRAME OF LIMITED BONDS WOULD BE APPROVED AND AUTHORIZED WITH THAT BE AVAILABLE.
[01:10:01]
PROJECTS THAT ARE, YOU KNOW, FAR APART.SO WE TRY TO FOUR PROJECTS EVERY WEEK.
WE HAVE VERY SHORT TERM THING THAT WOULD BE BOND ELIGIBLE.
YOUR ECONOMIC DEVELOPMENT POLICY IS ONE OF YOUR POLICIES.
YOU'VE GOT OTHER POLICIES, POLICY, EXACTLY RIGHT.
THE OTHER, WE DON'T WANT TO FUND THE INTERNATIONAL RESTRICTIONS AND THE POLICY, IT'S JUST, IT WOULD BE FUNDED UNDER DIFFERENT THAN THE TARGETED AREA.
BUT THERE IS A TIP THERE, THERE IS A PLAN.
DIFFERENT, THIS IS MORE LIKE FOR THOUSAND 2012 WHERE ALL THE, FOR SOUTHERN DOWNS TIME RECORD POLICY ALL.
SO OPTION THREE, YOU HAVE MORE QUESTIONS? ONE QUESTION I'M SURE THERE SOMEWHERE THERE WAS SOME FORGOT.
UM, JUST ONE QUICK ONE, UH, ON THOSE TARGET AREAS, JUST TO CLARIFY, HELEY FIELD AND UM, INTERNATIONAL DISTRICT ARE NOT OPTION TO THE OTHER TWO ARE.
SO OPTION THREE, WHICH WE'RE NOT ANYTHING WE JUST LIKE TO GET INTO 17 AND ALLOW COUNCIL DISCRETIONARY WE'RE NOT RECOMMENDING.
AND THEN THE FOURTH OPTION WOULD BE MAYBE TO TAKE THE BEST OF SOMEONE HE'S BEEN PUTTING TOGETHER FOR CONVERSATION.
SO MAYBE SOMEONE FROM THE MEETING PROJECT SOMETHING RECOMMENDED PERCENT OF THE PANEL AND THEN MAKING SOME PORTION HER FOR DESTRUCTION THE COMMITTEE DECIDE POWER.
AND THE NEXT SLIDE INCLUDE OUR BIG STEPS.
SO IF YOU RECALL THE BOND OFFICE RECOMMENDED A HUNDRED MILLION, WHICH IS 10% OF THE TOTAL MILLION DOLLAR BOND FEE FOR ECONOMIC DEVELOPMENT.
UM, AND SO WHAT WE'RE LOOKING FOR FROM YOU ALL, THIS IS THE NUMBER RIGHT? AND IF THE HOUSE, WE SET THE POLICY GOALS AROUND HOW THE CONVERSATION WRITTEN AND HOW QUESTIONS, YES, I LIKE THE PROJECTS.
I'M ASSUMING THERE WAS A LIST OF 10 YES.
THAT YOU RANK, UM, THAT CAN YOU YOU CARE TO COMMENT ON SOME CLOSE TO MAKE THE LIST? NO AT THE OF YES THERE THERE'S PROBABLY BEEN IN THAT BUCKET UNDER OPTIONAL ONE AND IF WE'D LIKE, WE CAN COME BACK MORE RECOMMENDATIONS IF THAT'S THE SORT OF THE DIRECTION WE WANT AHEAD.
MAYBE YOU CAN THE FUNNEL TOO MUCH AND THE PROJECT FOCUS ON, WE CAN SORT OF GET BACK OFF THE TOP HEAD SAY THIS IS NUMBER FIVE LIKE BUT YOU KNOW, JUST SORT OF MAKES ME CURIOUS.
FOCUS NUMBER FIVE, NO QUESTIONS.
UH, MY NAME IS I A LONGTIME RESIDENT OF DALLAS SEVEN.
I'M ALSO CEO OF META MEDIA, WHICH IS A STARTUP INDIVIDUAL CREATIVE TECH ALSO LOCATED DISTRICTS AND MY COMMUNITY IN THE CITY, WHICH I LOVE.
SO HERE'S MY THOUGHTS ABOUT OPTIONS.
FIRST I SEE TO GET A MORE OPTION ONE, UH, THE OPTION IS BIG LIKE DALLAS, IT'S SPLASHING AND GROSS ECONOMIC FUEL.
THE BALANCE IN A NATIONAL, INTERNATIONAL TEMPLATE.
[01:15:01]
HOWEVER, IN A HUNDRED BILLION BOND AND FIVE 40 COUNCIL DISTRICTS LEAVING NONE OF THE OTHER 10 DISTRICTS INCLUDING THE DISTRICT SEVEN MILE DISTRICT.FURTHER THESE BIG PROJECTS EIGHT WENT BY TO 30 YEARS IN SOME CASES LIKE FIELD PROJECT.
SO PROJECTS INCLUDE THE COMPLETED THREE, 10 YEARS AND HAD AN IMMEDIATE LOW IMPACT LOSE A BIG OPPORTUNITY BY NOT BEING INCLUDED IN THE SPA.
OPTION TWO, THE ONE I PAID WAS BE A HUNDRED BILLION DOLLARS IN BOND MONEY INCARNATE AREAS WITH SUCCESS PLUS GROUPS THAT HAVE A POVERTY REALLY 20% ON, UM, SOMEONE LIKE ME THAT LIVED IN DISTRICT SETTING, SOUTH ALEX COMMUNITY EVENT.
UM, I'M NOT IN THAT POVERTY GROUP BUT I'VE SEEN ALL AROUND MANY YEARS AND I HAVE DEDICATED BOTH MY PERSONAL LIFE.
UM, I HAVE A THREE-YEAR-OLD ASYLUM WHO I'M RAISING, UM, IN MY PROFESSIONAL LIFE, MY BUSINESS THAT I MENTIONED TO YOU, OTHER BUSINESSES TO DEVELOP UM, AND IMPACT WAY COMMUNITIES.
SO THIS IS WHY I TRULY FAVOR OF TWO.
I FAVOR
COMBINED THIS THE PUBLIC WORKS DURING EVEN AT THE BEGINNING OF THE MEETING I OUT OVER TO TRANSPORTATION OF STREETS THAT I'M BIG ON COMPLETE STREETS AND WE HAVE A BIG DEPARTMENT OF BEING.
MY BUSINESS IS LOCATED IN COMMUNITY BY WHICH IS A WHOLE OTHER THING, BUT THE PARKING, UM, FOR SO DOUBT, JUST LIKE THEY WERE MENTIONING EARLIER, THE LOAN REQUIREMENTS ARE EXTREMELY DIFFICULT AND MAKES IT REALLY HARD FOR SOMEONE LIKE ME WITH DEVELOPING DOUBT TO CREATE SOMEONE WITH A DUST QUEER ACQUI TO IMAGINE.
SO THIS, THE COMPANY I'M DOING IS A 75 MILLION INVESTMENT.
I HAVE FIT ALL OF THAT IN ABOUT 9,000 SQUARE METERS.
SO, UH, WHICH HAS BEEN POSSIBLE FOR TIME.
UH, BUT WITH THOSE PARKING REQUIREMENTS IT JUST MAKES IT THAT MUCH MORE, MORE
UH, WE REALLY NEED THESE TYPE OF EFFORTS CAUSE THIS TYPE OF MONEY IN OUR COMMUNITIES.
AND SO COMBINE THESE WITH THE WORKS FOR ATION, SIGNIFICANT AGGRESSIONAL DEVELOPMENT APPEARS WHILE WORKING THE TECH SPACE.
AND THEN MY NEXT, IF I HAD A NUMBER TWO, MY NEXT PREFERR OPTION WOULD BE THE COMBINATION SHOP.
AND THIS IS THE OPTION BECAUSE STILL GET 60 BILLION, 60% TOWARDS THE BIG CLASH OF CAPITAL PROJECTS.
WE'RE BIG LIKE THAT MILLION, MANY YEARS.
UH, BUT THAT STILL LEAVES 40 MILLION, UH, 40 MILLION TO GO RIGHT HERE IN DISTRICTS AND, AND PROJECTS LIKE WHAT'S GOING ON IN DISTRICT.
SO, UH, NOEM, IT PROVIDED A LOT OF TO THE DISTRICT LAST FEW YEARS THAT I APPRECIATE AND I YOU ALL TO DO SOMETHING THAT IS GOING TO SIGNIFICANTLY IMPACT ALL DOUBTS, NOT JUST FIVE DATA DEVELOPERS TAKE MANY, MANY YEARS.
DO SOMETHING THAT YOU'LL BE ABLE TO SEE THE GROUPS OF YOUR LINK.
MY NAME IS BRIAN, 100 DEVELOPERS, LABOR SUBSTATIONS, NEW UNIVERSE, UH, NONPROFIT DEVELOPERS WHO ARE GOING TO BE ADVOCATING THE CYCLE FOR SIGNIFICANT INVESTMENT.
[01:20:01]
GO OFF ALL IMMEDIATELY HAVE AND THAT HOUSINGS BEEN NOT UNDER INVESTMENT FOR THE, UH, PREVIOUS BOND CYCLE.AND APPRECIATE YOUR SERVICE ON UH, THIS SUBCOMMITTEE, UH, CAUSE THE SCORE IS IMPORTANT.
SO WE'LL BE HOPEFULLY DOING A PUBLIC LAUNCH IN JUNE AND BOTH INVITE WHICH BEST VOTE ON REQUEST SCORE.
UM, AND AGAIN, WE SIGNIFICANT INVESTMENT TO CLOSE THAT GAP.
THEY TO BE UH, MAKE MENTION OF FOUR, UH, ANYWHERE BETWEEN 20,000, 33,000, SIX HUNDREDS, SHORT THE MARKET EVEN MORE ON, NOT MORE BY, UH, NOT COUNT PROMOT OPPORTUNITIES THAT ARE.
SO THANK YOU AGAIN FOR YOUR TIME AND WE WORKING.
ANYTHING ELSE? QUESTIONS BEFORE WE WRAP UP? OUR NEXT MEETING IS NOT ABOUT JUNE TEENTH AND UH, PRESENTATION FROM JUNE 10TH.
DID YOU TURN ON FROM YOUR COMPUTER? YEAH, YOU TURN IT OFF.