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NOW CALL THIS MEETING OF[South Dallas Fair Park Opportunity Fund Board Meeting on February 27, 2023.]
THE SOUTH DALLAS FAIR PARK OPPORTUNITY FUND BOARD TO ORDER.IT IS MONDAY, FEBRUARY 27TH, AND THE TIME IS 6:16 PM WE WILL START OFF WITH A COLT ROLL CALL.
AND YOUR MICROPHONES UNMUTE, PLEASE.
WOULD EVERYONE WHO'S ON, WOULD YOU PLEASE TURN YOUR CAMERAS ON? CAN EVERYBODY ONLINE HEAR US? UM, IF YOU ARE ONLINE, PLEASE SWITCH YOUR CAMERAS TO ON SO THAT YOU CAN BE COUNTED, PLEASE.
WE CANNOT COUNT YOU IF YOUR CAMERA IS NOT ON.
DESTINY, WE HAVE TO HAVE YOUR CAMERA ON.
CAN YOU NOT? CAN YOU NOT SEE ME? I HAVE IT THAT MY CAMERA'S ON, ON MY END.
TRENT, WE HAVE TO HAVE YOUR CAMERA ON.
I'M, I'M ON MY PHONE, BUT I'M TRYING TO SWITCH TO MY LAPTOP, BUT MY CAMERA IS ON.
WE CAN'T SEE YOU SO WE'LL, WE'LL, WE'LL COME BACK.
WE OFFICIALLY HAVE A QUORUM, SIR.
WE WILL MOVE ON TO THE APPROVAL OF MINUTES.
EVERYBODY SHOULD HAVE HAD AN OPPORTUNITY TO REVIEW THE MINUTES.
UH, IF THERE ARE NO CHANGES, UH, WE WILL ENTERTAIN A MOTION TO APPROVE THE MINUTES.
KIMBERLY SIMS, I'D LIKE TO MAKE A MOTION TO APPROVE THE MINUTES AS WRITTEN.
SECONDED BY MS. SIMS. UH, ALL IN FAVOR, AYE.
NEXT AGENDA ITEM, UH, MS. REGINA, DO WE HAVE ANYBODY, UH, SIGNED UP FOR PUBLIC COMMENT THIS EVENING? WE DON'T.
WE HAVE MR. SCOTTY SMITH, WHO IS HERE TO ANSWER ANY QUESTIONS REGARDING THE SHAKINA PROJECT, BUT HE'S NOT HERE TO SPEAK PUBLICLY OFFICIALLY.
AND WE WILL BE SURE, UH, THAT EVERYBODY HAS AN OPPORTUNITY TO, TO ASK QUESTIONS OF, UH, MR. SMITH.
UH, WHEN THAT TIME COMES, UH, WE'LL MOVE ON TO THE NEXT AGENDA ITEM, WHICH IS THE UPDATE OF THE 2022 NOFA AWARDEES, UH, MR. GINA.
AND IT'LL BE, SO OUR UPDATE FOR 2022 FOR THE AWARDEES, THEY HAVE ALL BEEN THROUGH RISK ASSESSMENT AND THE CAO'S OFFICE HAS ALL INFORMATION FOR ALL AWARDEES AND CONTRACTS ARE NOW BEING ROUTED FOR SIGNATURES.
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SO WE'RE MOVING FORWARD.THE AWARDEES ARE BEACON HILL PREPARATORY SCHOOL, CORNERSTONE, CROSSROADS ACADEMY, AND EMPOWERING THE MASSES.
SO JUST TO SUMMARIZE, ALL AWARDEES FOR 2022, UH, HAVE, HAVE BEEN MOVED FORWARD AND OR AWAITING FINAL SIGNATURES, CORRECT? CORRECT.
DOES ANYBODY HAVE ANY QUESTIONS ABOUT THE 2022? NO.
FROM LAST YEAR? I DO HAVE A QUESTION.
THIS IS KIMBERLY SIMS. JUST A, A CLARIFICATION.
OF THE, UH, IS CAO, IS THAT CITY AUDITOR OR CITY ATTORNEY'S OFFICE? I'M SORRY.
THANK YOU MS. SIMS. UH, DO WE HAVE ANY ADDITIONAL QUESTIONS? OKAY, I'M HEARING NONE.
NEXT AGENDA ITEM, AGENDA ITEM NUMBER SIX, UPDATE OF PIPELINE LOANS AND GRANTS.
SO WE HAVE SHAKINA LEGACY HOLDINGS.
MR. SCOTTY SMITH IS HERE TO ASK ANY QUESTIONS.
SHOULD WE HAVE ANY? UH, THE DALLAS EXAMINER IS UP FOR REHAB.
UM, RE UM, FOR A GRANT FOR $180,000 AND THE DALLAS WEEKLY REHAB FOR $70,000.
GRANT, THOSE ARE JUST IN THE PIPELINE RIGHT NOW.
WE DON'T HAVE ALL THE PARTICULAR, SO I DON'T WANT TO GET TOO MUCH IN THE WEEDS WITH IT BECAUSE WE DON'T HAVE A WHOLE LOT OF INFORMATION AT THIS TIME.
DO WE HAVE ANY UPDATES ON, I THINK WE HAD A COUPLE OF, UM, PIPELINE DEALS.
PIPELINE LOANS AT OUR LAST MEETING.
DO WE HAVE AN UPDATE ON ANY OF THOSE? UH, FROM THE LAST TIME? THESE ARE WHAT WAS IN THE PIPELINE.
I THINK YOU, ARE YOU TALKING ABOUT DEIZ? YEAH, I RECALL THERE WAS TWO OF THEM THAT, THAT, THAT WE, UH, WENT OVER IN THE LAST PRESENTATION, UH, THAT WERE IN THE PIPELINE.
I DIDN'T KNOW IF WE HAD AN UPDATE ON THOSE OR IF THOSE MOVE FORWARD OR NOT.
JOYCE WILLIAMS, UH, DIRECTOR OF SMALL BUSINESS CENTER.
UM, I'M THINKING YOU MAY HAVE YOU OF COURSE, APPROVED DOG LIFE THAT MOVED FORWARD.
AND THAT MOVED FORWARD THROUGH, THROUGH CITY COUNCIL AND WAS APPROVED, UH, AS HIS BOARD RECOMMENDED.
AND THEN WE HAD THE B THAT WAS UP FOR, UH, UH, AND THIS BOARD REVIEWED IT.
IT WAS IN THE PIPELINE, AND THERE WAS A DISCUSSION.
HOWEVER, THE, THE BANK THAT WAS GONNA SUPPORT THE FIRST NOON, THE OFFICER, AND YOU KNOW, ABOUT RELATIONS, MR. CHAIR, THE BANK, UH, OFFICER, LEFT THAT BANK AND WANTED TO TAKE THE LOAN WITH HER TO ANOTHER BANK.
SO THE APPLICANT WENT, OF COURSE, WITH THAT PARTICULAR PERSON, AND THEN SHE MOVED AGAIN.
SO IT IS VERY DIFFICULT WHEN YOU FORM A RELATIONSHIP AS A SMALL BUSINESS WITH A PERSONAL BANKER, AND THAT PERSONAL BANKER MOVES TO DIFFERENT BANKS.
SO AT THIS POINT, WE HAVE NOW BROUGHT THAT APPLICANT BACK IN FOR TECHNICAL ASSISTANCE AND GUIDANCE.
THANK YOU FOR THAT UPDATE, DIRECTOR WILLIAMS. UM, DO WE HAVE ANY QUESTIONS? UH, I KNOW WE'RE GONNA GET INTO, UH, THE UPDATE WITH SHAINA LEGACY HOLDINGS THIS EVENING, BUT, UH, AND I KNOW WE DON'T HAVE ANY INFORMATION FOR THE DALLAS THAT EXAMINER, UH, OR THE DALLAS WEEKLY RIGHT NOW, BUT ARE THERE ANY, UH, FURTHER QUESTIONS ABOUT, UH, ANYTHING THAT WAS JUST SHARED? OKAY, I'M HEARING NONE.
SO, UH, WE WILL JUMP INTO THE PRESENTATION FOR, WELL, THE AMENDED PRESENTATION FOR SHAKINA HOLDINGS.
UH, AS YOU RECALL, UH, SHAKINA HOLDINGS WAS PRESENTED FOR AN APPROVAL, UM, LAST YEAR IN 2022.
UH, AND I BELIEVE THAT WAS, UH, FOR, UH, A GRANT AMOUNT.
UM, HOWEVER, UH, THERE HAVE BEEN SOME MODIFICATIONS TO, TO THE APPLICATION, AND, UH, YOU SHOULD HAVE ALL RECEIVED A PACKET AND SOME ADDITIONAL INFORMATION ON WHAT SOME OF THOSE MODIFICATIONS ARE.
SO I'LL LET MS, UH, REGINA, UH, AND OR MS, UH, UH, DIRECTOR WILLIAMS, UH, GO OVER THOSE MODIFICATIONS AND, AND GIVE US A SENSE OF, UH, YOU KNOW, WHAT THE PREVIOUS APPLICATION WAS, JUST TO SUMMARIZE AND, AND JUST TO FRAME IT UP AND PUT IT INTO CONTEXT.
AND THEN, UH, UH, LET US KNOW WHAT THOSE CHANGES ARE MOVING FORWARD.
AND THEN WE CAN HAVE DISCUSSION AGAIN.
UH, AS WAS MENTIONED EARLIER, MR. SMITH, UH, IS HERE WITH US TONIGHT, SO IF ANYBODY HAS ANY QUESTIONS ABOUT THAT, UM, YOU'LL HAVE AN OPPORTUNITY TO, UH, ASK THOSE QUESTIONS AT THAT TIME.
IF YOU GUYS RECALL, THIS WAS INITIALLY FOR A LEASE.
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UM, LEASING THE BUILDING.HE IS NOW PURCHASING THE BUILDING, WHICH IS MAKING THE DEAL A LITTLE DIFFERENT.
IT'S AT 1708 MARTIN LUTHER KING, AND THE INITIAL AMOUNT WAS, UM, A LOT SMALLER.
WE'RE NOW DOING 520,000, UM, FOR A TERM LOAN, AND A HUNDRED AND 200,000 FOR THE, UM, FOR A GRANT.
AND THE TERMS OF THE REPAYMENT, IT'S FIVE, I THINK I'M GETTING AHEAD OF MYSELF.
520,000, UM, 15 YEAR TERM WITH A 2% MONTHLY P AND I PAYMENTS OF $3,345 AND 25 CENTS.
OF COURSE, THIS HAS GREAT ECONOMIC IMPACT IN THE COMMUNITY AND TO THE CITY, AND IT'S GONNA CREATE APPROXIMATELY 23 JOBS IN REAL ESTATE, APPRAISERS, INSPECTORS, REAL ESTATE AGENTS, CONSTRUCTION PROJECT MANAGERS, ADMIN STAFF, AS WELL AS, UH, COFFEE SHOP, SHOP EMPLOYEES.
AND IT'S ALSO GONNA PROVIDE SPACE FOR, UH, CREATIVE COLLABOR COLLABORATION BETWEEN THE SMALL BUSINESSES AND INNOVATIVE GROWTH PRACTICES WITHIN THE COMMUNITY.
THERE ARE SOME PHOTOS OF BEFORE 1708 WITH IT REIMAGINED ON YOUR NEXT PAGE ON IT CAN LOOK LIKE ONE IT, AND ALSO REMIND EVERYONE, THIS IS THE ORIGINAL FOREST THEATER RIGHT THERE ON MALCOLM X, NOT THE ORIGINAL.
AND I ALWAYS SAY THAT BECAUSE THE ONE, WHEN YOU COME OFF OF THE FREEWAY, A LOT OF US THINK LIKE MYSELF, THAT THE, THE ONE THAT WE SEE WHEN WE COME OFF THE FREEWAY WAS THE ORIGINAL.
WHAT IS THE, THE CROSS STREET AT MLK WITH THAT PARTICULAR BUILDING? I'M TRYING TO WRAP MY HEAD AROUND THE LOCATION.
OKAY, MR. CHAIR, I'LL GIVE A LITTLE BIT MORE CONTEXT, UH, TO THIS, UH, JUST TO, JUST TO, JUST TO BE ABLE TO ADD SOMETHING TO THERE, TO THE POINT THAT WE ARE MAKING.
AND LAST YEAR WE CAME TO THIS BOARD AND PRESENTED THE OPPORTUNITY FOR US TO SUPPORT SMALL BUSINESS, UH, REDEVELOPMENT IN SOUTHERN DALLAS AND SOUTH DALLAS.
NOT SOUTHERN DALLAS, BUT SOUTH DALLAS, IN WHICH WE WERE RELOCATING SHAKINA HEADQUARTERS FROM DEEP ELLUM TO SOUTH DALLAS.
AND IN DOING THAT AND DOING SO, WHAT WE LOOKED AT WERE THREE DIFFERENT PARTS OF THAT SERVICE, WHICH WAS TO BE ABLE TO INCREASE THE NUMBER OF MINORITIES THAT WERE GOING TO BE OPERATING AND BEING TRAINED IN REAL ESTATE AS FAR AS ADJUST OR ADJUSTS WERE GOING TO BE SERVED, AS WELL AS BEING ABLE TO HAVE A COMMUNITY COFFEE SHOP IN THAT LOCATION.
AND THEN ON TOP OF THAT, TO BE ABLE TO EXPAND THE BUSINESS OF DEVELOPMENT THAT MR. SMITH CURRENTLY RUNS AS HIS ORGANIZATION, ALL TO BE HAPPENING AS PART OF THE INITIATIVE THAT IS DRIVING THE CITY, WHICH IS THE REDEVELOPMENT OF SOUTH DALLAS.
AND SO WE HAD AN OPPORTUNITY TO WORK WITH, UM, MR. SMITH AND HIS PARTNERS TO LOOK AT BEING ABLE TO DO THAT.
ONE OF THE THINGS THAT WE CAME ACROSS, AND ALSO WITH THE GUIDANCE OF YOU, MR. CHAIR, ALONG WITH SOME OF THE BOARD MEMBERS HERE, THERE WERE A LOT OF QUESTIONS ABOUT WHY WE WERE SUPPORTING THIS INITIATIVE, WHERE WE WERE MOVING FORWARD.
WERE WE SUPPORTING A TRAINING SCHOOL? SIMPLY NOT TRUE, BUT ALSO LOOKING AT THE FACT THAT IN SOUTH DALLAS, MOST OF THE SMALL BUSINESSES THERE IN SOUTH DALLAS DO NOT OWN THE PROPERTY.
THEY'VE BEEN LEASING FOR 30 YEARS, 25 YEARS, AND 40 YEARS WITHOUT OWNERSHIP.
YOU HAVE ASKED US A FAIR QUESTION, WHY IS THE CITY POURING INTO LEASED PROPERTY? SO WE HAD A DISCUSSION, AND ALONG WITH MRS. SMITH AND THE INITIATIVES THAT HE WAS WORKING ON, HE DECIDED TO PULL BACK AND LOOK AT THE OPPORTUNITY OF PURCHASING THE PROPERTY.
OKAY? THERE WAS AN OPPORTUNITY, A GREAT OPPORTUNITY.
SO THE CITY STOPPED IN MY AUDIO, MY AUDIO IS ON.
SO WE LOOKED AT, HE LOOKED AT THE OPPORTUNITY TO BE ABLE TO PURCHASE THE PROPERTY.
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HERE WHERE WE ARE TODAY, TO BE ABLE TO NOT ONLY SUPPORT WHAT YOU SUGGESTED, UH, BUT ALSO SUPPORT WHAT THE COMMUNITY AND THE CITY IS DRIVING, IS THE OPPORTUNITY TO HELP SMALL DEVELOPERS, TO HELP SMALL BUSINESSES SEE THAT THE CITY DOES WANT TO HAVE, UH, AN OPPORTUNITY TO HAVE DEVELOPMENT THERE THAT CAN GROW THEIR BUSINESS, TO BE ABLE TO GIVE THEM CAPITAL TO NOT ONLY DO THAT, BUT ALSO TO DO, TO HAVE GENERATIONAL WEALTH THAT WILL CIRCULATE WITHIN THAT COMMUNITY TO CONTINUE TO SUPPORT IT.SO THAT'S WHY WE'RE LOOKING AT THIS OPPORTUNITY AND COMING BACK TO YOU WITH THE OPPORTUNITY TO HAVE AN ACQUISITION AND RENOVATION INCLUDED IN THIS PRO IN, IN THIS, IN THIS DEAL, THIS HAS GONE THROUGH THE UNDERWRITERS, AND WE HAVE SENT YOU A COPY OF THE UNDERWRITERS REPORT THAT IS PART, UH, SHOULD HAVE BEEN PART OF YOUR APPLICANT, UH, UH, APPLICATION OR PACKET THAT YOU ALSO HAVE.
AND THE UNDERWRITERS REPORT, UH, AS MS. REGINA HAS READ OFF, SUGGESTED THAT NOT ONLY IS MR. SMITH, UH, CAPABLE OF BEING ABLE TO PROVIDE THE LOAN, BUT IT WOULD BE A FAIR INVESTMENT FOR THE CITY TO BE ABLE TO DO THIS.
SO ONE THING THAT WE'VE DONE IS TO BE ABLE TO ENSURE THAT THERE WILL BE SUCCESS BY PROVIDING A LOAN AND A GRANT FOR THIS ACQUISITION AND RENOVATION OF THIS SPACE.
SO, I PRESENT TO YOU TODAY THE OPPORTUNITY FOR THE CITY TO PARTNER WITH SHAKINA LEGACY HOLDINGS AND A CONDITIONAL LOAN, UH, PROPOSITION FOR, UH, FUNDING FROM THE SOUTH DALLAS FOR PROUD OPPORTUNITY FUND.
THANK YOU FOR THAT RECAP, DIRECTOR WILLIAMS. AND, UH, WHAT, WHAT I'D LIKE TO DO NOW, UM, F FIRST OF ALL, I WANNA THANK MR. SMITH, UH, FOR, FOR COMING OUT THIS EVENING.
UH, AS I RECALL, UH, I BELIEVE YOU, UH, HAD TO JOIN REMOTELY THE LAST TIME AND YOU WEREN'T ABLE TO, TO, UM, BE IN PERSON.
UH, SO WHAT I'D LIKE TO DO IS I'D LIKE TO HAVE YOU COME UP AND, AND SHARE A LITTLE BIT ABOUT, UM, ANYTHING THAT YOU'D LIKE TO TALK ABOUT AS IT RELATES TO, TO SHEENA SHAKINA HOLDINGS.
UH, YOU KNOW, KIND OF HOW THIS VISION CAME TO, TO ING, YOU KNOW, KINDA WHAT YOU'VE DONE IN THE PAST AND, AND WHAT YOUR VISION IS, IS GOING FORWARD.
THANK ABSOLUTELY, UH, THANK YOU, MR. CHAIR.
UH, I APPRECIATE YOU GUYS FOR USHERING THIS IN FOR ME AND TO EVERYBODY THAT'S ONLINE.
UH, MY NAME IS SCOTTIE SMITH II.
UM, AND I AM ORIGINALLY FROM HOUSTON, TEXAS.
SO SOMEBODY TOLD ME IF YOU'VE BEEN IN THE PLACE FOR, UH, LONGER THAN 10 YEARS, THEN YOU ARE OFFICIALLY FROM THAT PLACE.
I SPENT MOST OF MY TIME, MOST OF MY ADULT YEARS HERE IN DALLAS.
AND I'M GROWN IN AFFINITY TO SOUTH DALLAS SPECIFICALLY BECAUSE IT REMINDS ME OF HOME.
I LIVED OFF OF MLK AND DOULA, IF ANYBODY REALIZES OR, OR KNOWS THE AREA.
UM, SO SOUTH DALLAS REMINDS ME OF HOME, BUT IT ALSO REMINDS ME THAT, UM, SOMETIMES THE GREATEST PARTS OF THE CITY GET OVERLOOKED.
AND SO WHEN I STARTED MY REAL ESTATE DEVELOPMENT CAREER, I ACCIDENTALLY ENDED UP IN SOUTH DALLAS.
AND SO I SAY ACCIDENTALLY, BUT I THINK IT WAS MORE SERENDIPITOUS AND SPIRITUAL, UM, BECAUSE I ENDED UP ON MLK AND I LOOKED AT, UH, WHERE I BUILT MY HOUSE ON PEABODY.
I LOOKED AT THE, UH, I LOOKED AT THE LEGAL DESCRIPTION AND IT SAID SOUTH PARK.
SO ANYWAY, THAT'S JUST KIND OF A LITTLE BIT OF BACKGROUND ABOUT WHY I ENDED UP IN SOUTH DALLAS.
UM, OVER THE PAST SEVEN YEARS, I'VE BEEN DEVELOPING AFFORDABLE, UH, AND, UH, MIXED USE AND MIXED INCOME HOUSING.
UM, BETWEEN MY PARTNER AND I, WE'VE BUILT ABOUT 60 HOMES WITH ANOTHER A HUNDRED OR SO IN THE PIPELINE OF DEVELOPMENT.
AND MY BACKGROUND IS IN ACCOUNTING AND REAL ESTATE BROKERAGE.
AND SO, UH, AT, AT ONE POINT MY REAL ESTATE BROKERAGE FIRM WAS AT 30 PLUS AGENTS.
UH, WE'VE KIND OF PULLED BACK QUITE A BIT BECAUSE, UM, WE'VE BEEN SO FOCUSED ON THE DEVELOPMENT SIDE OF IT.
UM, WHAT WE PLAN TO DO WITH THIS PARTICULAR BUILDING IS CREATE WHAT I LIKE TO CALL A REAL ESTATE COMMUNITY CENTER.
AND I CALL IT THAT BECAUSE ONE OF THE, ONE OF THE ARTICLES THAT I READ NOT LONG AGO WAS ABOUT APPRAISERS AND APPRAISING APPRAISALS THAT CAME IN MUCH LOWER IN BLACK COMMUNITIES BECAUSE WHITE APPRAISERS WERE COMING IN THERE AND THEY WERE GIVING PEOPLE 30, 40, 50% REDUCTION IN VALUE BECAUSE BLACK PICTURES WERE ON THE WALL.
UM, I'VE BEEN IN THE REAL ESTATE BUSINESS FOR 15 YEARS.
I'VE NOT MET ONE BLACK REAL ESTATE APPRAISER.
AND SO ULTIMATELY WHAT I WANNA DO WITH THIS BUILDING IS NOT ONLY SERVE THE COMMUNITY IN MY CURRENT CAPACITY AS A REAL ESTATE BROKER AND REAL ESTATE DEVELOPER, BUT ALSO
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TRAIN THE NEXT GENERATION OF REAL ESTATE APPRAISERS, REAL ESTATE INSPECTORS, REAL ESTATE LOAN OFFICERS, SPECIFICALLY FROM THAT SOUTH DALLAS.SO THAT WHAT WE CAN END UP DOING IS CREATING A, A, A ARMY OF APPRAISERS THAT CAN APPRAISE AND PLACE VALUE ON THE COMMUNITY THAT WE SERVE.
AND SO, NO LONGER DO WE NEED TO SIT, SIT BACK, AND ALLOW FOR OTHER PEOPLE TO GIVE US VALUE ONCE WE HAVE THE TRAINING AND WE HAVE THE, THE, THE, THE CORRECT PEOPLE, UH, WHO KNOW THE AREA, AND, AND IN THE APPRAISAL WORLD, THEY CALL THAT GEOGRAPHICAL COMPETENCE.
AND SO ONCE WE HAVE THE, THE RIGHT PEOPLE WHO HAVE THE GEOGRAPHICAL COMPETENCE, WHICH ULTIMATELY JUST MEANS I KNOW MY NEIGHBORHOOD, PLUS THE TRAINING ASSOCIATED WITH BECOMING AN APPRAISAL, THEN WE NOW HAVE AN ARMY OF CERTIFIED APPRAISALS THAT CAN PLACE VALUE PROPERLY ON OUR NEIGHBORHOODS.
AND SO ULTIMATELY THAT'S WHAT I WANNA DO WITH THE HUB.
UM, I LIKE TO DRINK COFFEE, AND I CAN'T GO AND GET COFFEE IN MY NEIGHBORHOOD.
AND SO THAT'S PROBLEMATIC FOR ME.
UM, THAT'S ONE OF THE THINGS THAT WE WANTED TO INCLUDE IN THIS, UH, IN THIS CENTER.
UM, IT'S A COFFEE SHOP, YOU KNOW, NOT A STARBUCKS, JUST A, A SMALL NEIGHBORHOOD COFFEE SHOP.
SOMEBODY CAN WALK UP AND GRAB SOME COFFEE OWN ABOUT THEIR BUSINESS.
UM, BUT ALSO, YOU KNOW, ULTIMATELY WE WANNA RUN OUR BUSINESS.
AND BEING A RESIDENT OF SOUTH DALLAS, I LIVE THERE.
I WANNA WORK THERE AND CONTINUE TO WORK THERE, AND I ULTIMATELY WANNA PLAY THERE.
AND SO MY HOPE IS THAT THIS BUILDING WITH ALL ITS GLORY, UM, KIND OF IS A CATALYTIC DEVELOPMENT FOR THE AREA WHERE WE CAN START SEEING STUFF THAT WE CAN GO FOR ENTERTAINMENT AND GO TO JUST ENJOY.
UM, SO YEAH, THAT'S, THAT'S A LITTLE BIT ABOUT WHAT WE HAVE GOING ON HERE.
A LITTLE BIT ABOUT ME AND THE NAME SHAKINA MEANS A A A SPIRITUAL DWELLING PLACE.
AND SO I WAS VERY INTENTIONAL ABOUT THAT.
UM, BECAUSE I SAID REAL ESTATE, I DEVELOPED REAL ESTATE.
AND I WANT THAT SHAKINA TO BE RIGHT THERE ON THAT BUILDING TO LET EVERYBODY KNOW THIS IS A SPIRITUAL DWELLING PLACE, AND THIS IS WHERE WE CAN SHINE.
SO THAT IS, THAT IS OUR STORY.
AND THANK YOU FOR SHARING THAT, UH, WITH THE BOARD THIS EVENING.
I THINK THAT PROVIDES A LOT MORE CONTEXT TO, UH, YOU KNOW, WHAT IT IS YOU'RE DOING, UH, WHY YOU'RE DOING IT, AND, UH, YOU KNOW, WHAT YOU SEE MOVING FORWARD IN TERMS OF THE WORK THAT YOU'RE DOING IN THE COMMUNITY THAT YOU LIVE IN.
RIGHT? SO, UM, I'D LIKE TO DO NOW, UH, IF WE CAN, WE'LL MOVE THE QUESTIONS.
CAN WE SWITCH OFF PRESENTATION MODE SO WE CAN BETTER SEE, UM, THE FOLKS THAT WE'VE GOT LINE HERE? AND, UH, WHAT I'LL DO NOW IS OPEN IT UP TO, UH, QUESTIONS, UH, TO THE BOARD, UH, IF ANYBODY HAS ANY QUESTIONS FOR MS. MR. SMITH, UH, THAT THEY, THAT THEY HAVE.
UH, HOW ARE YOU MR. SMITH? I'M WELL, HOW ARE YOU? I'M GOOD.
UM, I THINK HELPS SPREAD A LITTLE BIT MORE INSIGHT OR GIVE US A LITTLE BIT MORE INSIGHT.
UH, I JUST HAVE A COUPLE OF QUESTIONS.
I THINK, UM, I LIKE WHAT YOU WERE SAYING IN TERMS OF YES, THERE IS NO LIKE, COFFEE IN THIS NEIGHBORHOOD, CUZ I AM ONE OF THOSE COFFEE SUFFERERS.
UM, BUT THAT BEING SAID, I JUST HAD A COUPLE QUESTIONS.
WHAT, UM, PRICE POINTS AROUND YOUR COFFEE? I KNOW IT'S KIND OF A BASIC QUESTION, BUT WHAT SORT OF PRICE POINTS LIKE IS BECAUSE OF THE AREA THAT YOU'RE IN OR THAT YOU'RE PROPOSING TO BE IN? I KNOW YOU'VE GOT, UM, CORNERSTONE ACROSS THE STREET, LIKE THAT AREA SPECIFICALLY OF SOUTH DALLAS NEEDS PROBABLY A LOT MORE ATTENTION FROM THE COMMUNITY, FROM THE NEIGHBORS, FROM THE CITY.
UM, THAT BEING SAID, COUPLE OF QUESTIONS WITH THE AFFORDABILITY OF PRICING, I IMAGINE YOU'RE GONNA HAVE A LOT OF NEIGHBORS, UH, HOUSED AND UNHOUSED THAT WILL WANNA STOP.
AND FOR COFFEE, HOW AFFORDABLE WILL YOUR COFFEE BE? RIGHT? FOR ONE, ALSO, HAVE YOU LOOKED INTO PARTNERSHIPS WITH PASTOR CHRIS IN ST.
PHILLIPS? UH, WELL, PASTOR CHRIS AT CORNERSTONE IN ST.
PHILLIPS IN TERMS OF, UH, HOW YOU CAN HELP, UM, I DON'T KNOW, TO PARTNER TO HELP BE MORE PRESENT IN THE COMMUNITY IN THAT PARTICULAR SPACE.
CAUSE LIKE I SAID, THAT AREA DOES REQUIRE A LOT MORE ATTENTION, I'D SAY.
SO, SO PASTOR CHRIS IS A, IS A FRIEND.
UM, ULTIMATELY WHAT, WHAT OUR PLAN FOR THE OPERATIONS OF THE COFFEE SHOP WAS TO, TO HIRE AN OPERATOR.
I'M NOT IN THE COFFEE BUSINESS, UM, BUT THERE ARE OTHER PEOPLE WHO KNOW THAT BUSINESS A LOT BETTER THAN I DO.
SO WE'RE GONNA BRING SOMEBODY IN, LET THEM OPERATE IT, AND ULTIMATELY WHAT WE DO WANT TO DO IS PARTNER WITH, WITH CORNERSTONE, UH, AND THE MEN AND THE AMAYA AND MAYBE HIRE SOME OF THOSE FOLKS OVER THERE TO, UH, YOU KNOW, TO WORK IT.
UM, AGAIN, CREATING, CREATING JOBS, CREATING OPPORTUNITY.
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UM, THAT'S ULTIMATELY WHAT, WHAT THE GOAL IS.THERE'S NOT BEEN VERY MANY FOR-PROFIT BUSINESSES THAT WERE CREATING LARGE SCALE JOBS.
AND THAT'S WHAT, THAT'S WHAT WE WANT TO DO.
AND SO WHO KNOWS, YOU KNOW, EVEN ON THE OPERATOR SIDE, THIS SMALL COFFEE SHOP OUTTA SOUTH DALLAS COULD SPIN OUT OF CONTROL INTO SOME LARGE FRANCHISE LATER ON DOWN THE ROAD.
AND I, I THINK WHAT I'M THINKING OF IS JUST WE DON'T WANT A STARBUCKS IN THE COMMUNITY WHEN THE COFFEE MAY NOT BE AFFORDABLE TO THE NEIGHBORS.
NO, WE, WE, WE, WE, WE, WE DON'T WANT STARBUCKS EITHER.
I'M GLAD THAT IT'S GOOD TO HEAR THAT YOU'VE ALREADY, UM, HAD THAT RELATIONSHIP WITH PASTOR CHRIS.
HE'S INCREDIBLY, UM, THOUGHTFUL IN TERMS OF HIS, HIS RELATIONSHIPS.
AND I THINK, AGAIN, THAT AREA I THINK REQUIRES JUST A LOT MORE WORK AND A LOT MORE ATTENTION.
UM, DO WE HAVE ANY ADDITIONAL QUESTIONS? I SEE MS. SIMS, I DON'T HAVE A QUESTION.
I HAVE A COMMENT, AND I HOPE IT'S APPROPRIATE FOR ME TO MAKE THIS COMMENT, BUT I AM REALLY EXCITED ABOUT THIS BUSINESS AND THE PROSPECT OF AN OWNER, ACTUALLY, OR OF A BUSINESS PERSON ACTUALLY OWNING THEIR OWN PROPERTY.
I'M REALLY EXCITED ABOUT THE REAL ESTATE PROGRAM AND I'M REALLY EXCITED ABOUT THE APPRAISAL TRAINING PROGRAM.
UM, I TOO HAD AN ISSUE WITH THE APPRAISAL ON MY HOME.
UM, AND SO I THINK IT'S SOMETHING THAT MORE AFRICAN AMERICANS SHOULD GET INTO BECAUSE, YOU KNOW, PEOPLE ARE RUNNING INTO THIS ISSUE AND, YOU KNOW, PROVIDING KNOWLEDGE, YOU KNOW, TEACHING PEOPLE HOW TO FISH IS, IS HOW I ALWAYS LIKE TO LOOK AT THINGS.
YOU KNOW, HOW ARE WE WE TEACHING PEOPLE HOW TO FISH TO BE SELF-SUFFICIENT? AND I'M JUST REALLY EXCITED, UM, TO SEE YOUR, TO SEE YOUR BUSINESS, UM, FLOURISHING IN SOUTH DALLAS AND SEE THAT YOU WILL BE PURCHASING A BUILDING.
IS IS THAT THE OLD ROBERTS READY TO WEAR BUILDING? I THINK THAT'S WHAT IT IS.
ROB, MR. ROBERT, THEY'RE STILL THERE.
VERSION AND I JUST BOUGHT A SUIT FROM EM.
AND I'M GONNA, I'M GONNA STOP THE LOVE FEST, BUT I'M REALLY EXCITED, UM, THAT YOU ALL ARE COMING AND WHAT YOU, THANK YOU VERY MUCH, MS. SIMS. I BELIEVE MR. DAWKINS IS NEXT, AND THEN WE'LL COME BACK AROUND TO YOU, MR. CORVO.
MR. SMITH, THIS IS REALLY EXCITING, UH, PROSPECT AND, AND, UM, AGAIN, KUDOS TO YOU FOR COMING UP WITH THIS CONCEPT, PARTICULARLY AS IT RELATES TO, UH, GETTING MORE PEOPLE WITH LICENSES AND PROFESSIONAL BACKGROUNDS COMING THROUGH THE COMMUNITY.
UH, THE QUESTION I HAVE RELATED TO PERMITTING AND CONSTRUCTION TIMELINE, WHAT, JUST BALLPARK, I KNOW YOU MAY NOT HAVE ALL THE INFORMATION THERE, BUT OFF THE TOP OF YOUR HEAD OR REMODEL, WHAT DO YOU THINK THE TIMELINE WOULD BE FROM TURNING DIRT TO OPENING? SO FROM THE POINT THAT WE CAN GET PERMITS, CAUSE YOU KNOW, RIGHT, THAT'S THE, THAT'S THE UNKNOWN VARIABLE.
WHENEVER THEY DECIDE TO GIVE US THE PERMITS, BUT FROM THE POINT THAT WE GET PERMITS TO COMPLETION, IT, IT ABOUT PROBABLY BE SIX TO EIGHT MONTHS.
IS, AND THIS IS JUST A GENERAL QUESTION.
DO DO WE TYPICALLY EXPLORE WAYS TO EXPEDITE THE PROCESS FOR TRANSACTIONS THAT COME THROUGH HERE? OR IS THAT A NO-GO? THAT WOULD BE AMAZING.
UM, WE DO, WE DO WORK WITH THE DEVELOPMENT SERVICES, UM, ON OUR PROGRAMS AND PROJECTS.
SO, UH, ONCE THIS GOES THROUGH COUNSELING THROUGH THEN WE WILL, UM, TALK WITH DEVELOPMENTAL SERVICES ABOUT BEING ABLE TO WORK WITH OUR DEVELOPER, UH, WITH THE PROJECT SO THAT THEY CAN SIT DOWN AND LOOK AT WHAT ISSUES THAT MAY COME ABOUT THAT MAY BE PREVENTING FROM.
SO THAT'S ONE OF THE PARTNERSHIPS THAT WE'VE DEVELOPED ALONG THE WAY IN THIS PROCESS THAT WAS NOT IN PLACE ORIGINALLY.
UM, BECAUSE WE'VE HEARD THE VOICES, THEY SAID, HEY, YOU KNOW, IF YOU REALLY WANT THIS PROJECT TO GET ON, GET OUT AND GET OUT FOR FUND, YOU'RE, YOU'RE GIVING US MONEY, BUT WE CAN'T GET PROJECTS DONE.
SO WE'VE DEVELOPED A PARTNERSHIP WITH DEVELOPMENTAL SERVICES.
WELL, WE'RE ALL VERY HOPEFUL THAT A PROLONGED PERMITTING PROCESS WON'T BE TOO TERRIBLY DETRIMENTAL TO YOUR REPAYMENT TIMELINE.
IF, IF ALL GOES WELL, YOU KNOW, MY GOAL IS TO BE IN THIS BUILDING BY THANKSGIVING, SO.
AND FORGIVE ME IF I MISSED IT, BUT I KNOW BEFORE WE TALKED A LOT ABOUT THE SCHOOLING ASPECT FOR APPRAISALS AND REAL ESTATE AGENTS.
CAN YOU DIVE MORE INTO THAT OR KINDA EXPLAIN WHAT THAT LOOKS LIKE? YES, YES.
[00:30:01]
UM, ME AND A NUMBER OF MY, MY TEAM MEMBERS ARE CERTIFIED, UH, LICENSED INSTRUCTORS WITH, UH, TEXAS REAL ESTATE COMMISSION.AND SO WE'VE ALSO PARTNERED WITH DEARBORN AND EDUCATION.
AND SO THROUGH, UH, THE SCOTTY SMITH FAMILY FOUNDATION, WE'LL BE GRANTING PEOPLE, UH, THE, PRETTY MUCH THE TUITION THAT'S NECESSARY TO GO THROUGH THAT, UH, GET, GO THROUGH THAT SCHOOL.
AND THEY'LL, THEY'LL, THEY'LL BE REQUIRED TO EITHER, EITHER GO THROUGH KAPLAN OR DEARBORN, UM, BUT ULTIMATELY THEY WALK INTO, UH, A SITUATION, THERE'S A COMMITMENT THAT THEY HAVE TO SIGN, HEY, I'M COMMITTED TO FINISHING THIS IN A CERTAIN AMOUNT OF TIME.
UH, THEY GO THROUGH IT FOR APPRAISERS.
ONE OF THE, ONE OF THE BIG THINGS ABOUT APPRAISERS IS THAT IN ORDER TO GET THAT LICENSE, YOU HAVE TO BE, UH, KIND OF MENTORED, AND THEY CALL IT AN APPRENTICESHIP WITH AN INDUSTRY THAT REQUIRES AN APPRENTICESHIP.
AND, UH, LESS THAN 1% OF THOSE FOLKS ARE BLACK.
UH, CAN YOU IMAGINE HOW DIFFICULT IT IS FOR SOMEBODY TO FIND SOMEONE TO BE AN APPRENTICE UNDER? UM, WE FOUND, UH, A COUPLE FOLKS WHO ARE WILLING TO BE ALLIES, UM, THAT WILL STEP IN AND, AND BE, YOU KNOW, APPRENTICE, YOU KNOW, LET OUR SCHOOL FOLKS GO THROUGH THEIR APPRENTICESHIP PROGRAM.
AND IT'S A YEAR, AND ULTIMATELY HE'S CREATING, UH, WHAT'S CALLED AN APPRAISAL MANAGEMENT COMPANY.
AND THEY'RE THE PEOPLE WHO, UM, WHO CONTRACT WITH THE BANKS AND THE LENDERS TO DO ALL THE APPRAISALS.
SO, UM, OUR NEW APPRAISERS WON'T HAVE TO GO AND SEARCH FOR JOBS.
THEY'LL ALREADY HAVE ONE, UH, ONCE THEY FINISH THEIR SCHOOL.
AND SO, AND I, I, AND I KNOW I'M TALKING A LOT ABOUT THE APPRAISAL ASPECT, AND I'LL BE QUITE HONEST WITH YOU, THAT'S REALLY, UM, THAT'S REALLY WHAT I WANNA FOCUS ON BECAUSE W WE HAVE A LOT OF REAL ESTATE AGENTS, WE HAVE A LOT OF LENDERS.
WE HAVE QUITE A BIT OF INSPECTORS, BUT WHEN IT COMES TO APPRAISERS, WE DON'T REALLY HAVE THAT.
SO, UM, ALTHOUGH THE SCHOOL IS OPEN TO ALL ASPECTS OF REAL ESTATE AND ANY LICENSING REQUIREMENTS OF REAL ESTATE, WE'VE REALLY SET UP THE INFRASTRUCTURE, INFRASTRUCTURE FOR APPRAISERS TO GET LICENSED AND BECOME, UH, LICENSED PRAISERS.
YOU KNOW, YOU, SO WE, WE RELEASED THE GRANT, UH, APPLICATION.
UH, EVERY YEAR WE ACCEPT APPLICATIONS FOUR TIMES A YEAR.
THEY APPLY FOR IT, WE REVIEW IT WITH OUR BOARD.
UM, AND AS FAR AS OUR MONEY CAN TAKE US FOR THAT GRANT OPERATION TIME IS HOW MANY GRANTS THEY WILL, UH, WILL ISSUE DURING THAT TIME.
AND SO THEY'RE GETTING THIS EDUCATION FOR FREE.
THEY'RE GETTING THIS LICENSE FOR FREE.
THE ONLY THING THEY'LL HAVE TO PAY FOR IS THEIR, UH, THEIR TEST AND THEIR FINGERPRINTS.
SO, UM, THAT'S THE COMMITMENT WE WANNA MAKE CERTAIN THAT, UH, WE CAN CREATE APPRAISERS OUTTA SOUTH DALLAS, UH, WHO KNOW THESE AREAS AND CREATE JOBS FOR WILL THERE.
WILL THERE, WILL THERE BE ANY, UM, REQUIREMENT, BONUS OR SOME SORT OF ACKNOWLEDGEMENT OF SOMEONE SPECIFICALLY BEING FROM THE COMMUNITY? LET'S SAY SOMEBODY FROM DESOTO WANTS TO COME AND BE A PART OF YOUR PROGRAM.
IS THERE GONNA BE ANY STIPULATION AROUND THAT? SO WHAT WE, AND AGAIN, OUR BOARD IS, IS SMALL.
IT'S ME, MY DAUGHTER, MY MOM, YEAH.
SO
UM, OBVIOUSLY 75 2 15 75, 2 10, UH, HAVE PREFERENCE.
UM, AND SO, YOU KNOW, THAT'S THE PREFERENCE.
IF SOMEONE SENDS IT IN FROM DESOTO, IF THEY MEET THE OTHER CRITERIA, WE WILL CONSIDER IT.
UM, BUT OUR PREFERENCE IS 7 5 2 1 5 7 5 2 1.
UH, DOES THAT ANSWER YOUR QUESTION, MR.
I SEE MS. SIMS, I SEE YOUR HAND.
SO, JUST A QUICK QUESTION ABOUT, I KNOW THAT YOU SAID YOU WERE GONNA UNDERWRITE THE TUITION FOR PARTICIPANTS TO GO THROUGH THIS SCHOOL.
IF FOR SOME REASON THEY ARE NOT ABLE TO FINISH, ARE THEY PENALIZED FOR THAT FOR, YOU KNOW, WHATEVER REASON, WHATEVER THE REASON MAY BE? NO, WE DON'T PENALIZE IT.
UH, WE DON'T PENALIZE THE STUDENT FOR IT, OBVIOUSLY.
THAT'S WHY WE GO THROUGH THAT, THAT APPLICATION PROCESS.
WE SEE, UM, YOU KNOW, WHAT THE LIKELIHOOD OF THEM, UH, IS TO FINISH IT.
UH, WE INTERVIEW 'EM, UH, MY MOTHER INTERVIEWS THEM, AND SHE LETS US KNOW THAT SHE HAS THIS WHOLE SPIRIT OF DISCERNMENT THAT SHE SAYS,
WE'RE NOT HOLDING ANYBODY'S FEET TO THE FIRE.
WE JUST, WE JUST HOPE THAT, UM, IF AN OPPORTUNITY LIKE THIS PRESENTS ITSELF, UH, TO SOMEBODY WHERE THEY'RE ABLE TO GO THROUGH
[00:35:01]
THIS CURRICULUM FOR FREE, WHICH IS TYPICALLY, YOU KNOW, 1500 BUCKS OR SO MM-HMM.AND SO THAT'S JUST THE HOPE, YOU KNOW, I FEEL LIKE IF PEOPLE ARE GIVEN THAT OPPORTUNITY, SOME WILL DO WELL, SOME WON'T, BUT, YOU KNOW, WE WE'RE BETTING ON THE WHEEL, THE FOLKS THAT WILL.
AND ONE, ONE LAST THING FOR YOUR, UM, FOR YOUR APPRENTICESHIP, WHEN YOU SAID YOU WERE LOOKING FOR MENTORS, YOU MAY WANNA CHECK OUT VINCENT MISH, W I M B I SH HE IS AN AFRICAN AMERICAN APPRAISER.
I THINK HE'S BASED OUTTA MANSFIELD THOUGH.
I DON'T KNOW IF THAT WOULD MEET YOUR REQUIREMENT, BUT THERE'S SOMEBODY THAT YOU CAN REACH OUT TO.
WINSTON, CAN YOU SPELL THAT NAME? W I W I M W I M B AS IN BOY, I S H MISH.
UM, AND THANK YOU FOR, FOR, UH, ANSWERING THAT, MR. SMITH, I, I HAVE A QUICK QUESTION FOR YOU.
UM, YOU KNOW, CONTINUING ALONG THE, THE THEME OF, YOU KNOW, HEY, WHAT HAPPENS, YOU KNOW, WITH THESE KIDS AND PROVIDING OPPORTUNITIES, YOU KNOW, MUCH LIKE WHAT YOU MENTIONED, CAN YOU TALK TO US A LITTLE BIT ABOUT HOW YOU ACTUALLY SOURCED FOLKS TO, TO BE IN THE PROGRAM, RIGHT? HOW DO, HOW DO THESE FOLKS EVEN KNOW TO COME TO YOU OR KNOW, HEY, THERE IS AN OPPORTUNITY TO ACTUALLY BE AN APPRAISER AND THIS COULD BE A, A REAL CAREER, YOU KNOW, HOW, HOW, WHERE, WHERE DO YOU, UH, FIND MOST OF THE FOLKS THAT ARE INTERESTED IN COMING INTO THE PROGRAM? OR HOW, HOW DO YOU YEAH.
SO RIGHT NOW IT IS JUST WORD OF MOUTH.
PEOPLE IN THE COMMUNITY THAT'VE TOLD FOLKS.
AND, YOU KNOW, OUR APPLICATION PROCESSES, THE NUMBER OF APPLICANTS IS, IS, IS A BIT SMALL.
WE TYPICALLY GET, HAVE GOTTEN FIVE TO SEVEN, RIGHT? UM, WE PUT TOGETHER A PRESS RELEASE, UH, LAST WEEK WE WE'RE ABOUT TO START RUNNING THAT.
UM, I WORK WITH, UH, TRUSTEE JUSTIN HENRY.
UM, SO I'VE BEEN TALKING TO HIM ABOUT IT.
AND, UM, A COUPLE OTHER FOLKS IN THE COMMUNITY WHERE ULTIMATELY WHAT WE'RE TRYING TO DO IS TO GET MORE EYES ON THIS.
OBVIOUSLY RIGHT NOW, WE'RE THE ONLY ONES UNDERWRITING THIS THING.
AND SO UNTIL WE GET SOME ADDITIONAL SPONSORS, UH, TO KIND OF HELP US ALONG THIS WAY, UM, WHAT OUR, OUR CAPACITY IS KIND OF LIMITED.
UM, AND SO OUR HOPE IS ONCE WE, YOU KNOW, ONCE WE REALLY GET SETTLED IN AND, AND, YOU KNOW, ARE THERE, WE GET SOME MORE SPONSORS.
I, I SHOT SOMETHING OUT TO THE STATE FAIR, TEXAS AND FAIR PARK FIRST, JUST TO SEE, YOU KNOW, I WANT TO OWE THEIR FEET TO THE FIRE.
THEY SAY THEY WANT TO HELP THE COMMUNITY, SO WE GONNA SEE.
SO, YOU KNOW, UM, BUT ONE THING TO POINT OUT THOUGH, IT'S, IT'S NOT JUST FOR THE KIDS, RIGHT? IT'S FOR THE ANYBODY WHO WANTS TO BECOME, WHO'S 18 AND OLD, WHO WANTS TO BECOME A REAL ESTATE PROFESSIONAL ON APPRAISER OR REAL ESTATE LICENSEE.
SO WE'RE OPENING IT UP TO EVERYBODY.
NOW, THE REAL ESTATE COMMISSION DOES HAVE SOME KIND OF CRITERIA THAT EVERYBODY HAS TO KIND OF ADHERE TO.
AND, YOU KNOW, THEY MAY, UH, THEY MAY WAIVER A BIT IF YOU WRITE A BIT OF EXPLANATION, BUT IF YOU MEET THE CRITERIA, WE WANT YOU TO COME BE A PART OF IT.
AND ULTIMATELY, MY GOAL IS TO, TO HELP PEOPLE USING REAL ESTATE AS THAT VEHICLE TO DO SO, BUT ALSO HELP BREAK THE CYCLE OF POVERTY, UH, WITH REAL ESTATE AS MY VEHICLE.
SO, UM, WHOEVER MAKES SENSE, MAKES SENSE, MAKES SENSE IN THE 80
UH, I, I DON'T KNOW IF THERE'S A, A VEHICLE OR AN AVENUE, BUT, UM, AND I DON'T KNOW IF THIS IS A QUESTION FOR DIRECTOR WILLIAMS OR MS. REGINA, BUT, UM, IS THERE AN AVENUE IN OUR UNIVERSE OF THINGS THAT WE CAN OFFER IN TERMS OF ASSISTANCE FOR SMALL BUSINESSES, A WAY TO PERHAPS HELP A BUSINESS ONCE THEY GET UP AND RUNNING THAT'S COME THROUGH THE PROGRAM AND IS, YOU KNOW, GET APPROVED FOR FUNDING THROUGH THE CITY? IS THERE A WAY TO, TO PLUG THEM INTO A PIPELINE TO BE ADVERTISED A LITTLE BIT MORE? IS THAT, IS THAT SOMETHING THAT, UH, UH, CAN BE LOOKED AT? OR DO WE HAVE A CHANNEL FOR THAT ALREADY, JUST FOR AWARENESS PURPOSES, WHICH, WHICH HELPS OUR BUSINESSES BE SUCCESSFUL? RIGHT.
UH, WHICH IS, WHICH IS WHY WE'RE HERE.
UM, I DON'T KNOW WHAT THAT LOOKS LIKE OR IF YOU HAVE ANY THOUGHTS ON THAT.
UM, ONE OF THE THINGS THAT WE DO, UH, WITH THE SMALL BUSINESS CENTER IS THAT WE HAVE WHAT IS CALLED OUR SOURCE DALLAS WEBSITE.
THAT IS, THAT GIVES SMALL BUSINESSES AN OPPORTUNITY TO BE RECOGNIZED AS SOURCES, UH, TO BE ABLE TO PROVIDE RESOURCES TO OTHER SMALL BUSINESSES.
SO ALL THEY HAVE TO DO IS LOG IN AND SAY THEY WANT DIFFERENT RESOURCES.
UM, THE OPPORTUNITY, UH, AGAIN, THIS BOARD, UH,
[00:40:01]
ALSO HAS WITHIN THE SOUTH DALLAS OPPORTUNITY FUND, AS YOU KNOW, JUST APPROVED THE, UM, 22 NOFA FOR NONPROFITS, FOR FUNDING, FOR TRAINING AS WELL, FOR WORKFORCE TRAINING AS PART OF WHAT WE DO WITHIN THE COMMUNITY.SO A SMALL BUSINESS THAT IS RUNNING A NONPROFIT, UH, WITHIN THE SOUTH DALLAS FAIR PARK AREA THAT'S LOOKING AT WORKFORCE TRAINING AND OPPORTUNITIES TO PROVIDE WORKFORCE TRAINING, THAT IS ALSO AN OPPORTUNITY FOR THIS BOARD TO ALSO FUND SOME OF THOSE INITIATIVES AS WELL.
UM, THAT, CUZ WE HAVE SEVERAL SMALL BUSINESSES THAT ARE FOR-PROFIT AS WELL AS A NONPROFIT.
SO AGAIN, THAT IS AN OPPORTUNITY THAT COULD ALSO COME BEFORE IS BOARDED.
UH, ALSO ON OUR WORKFORCE TRAINING SIDE OF THE HOUSE, WE HAVE A COUPLE OF MILLION DOLLARS THAT IS ADVERTISED AS FOR SOLICITATION, FOR NONPROFIT, FOR WORKFORCE TRAINING AS WELL.
ALL OF THAT INFORMATION IS CURRENTLY ON OUR WEBSITE FOR SMALL BUSINESS CENTER UNDER SOURCE DALLAS.ORG.
AND WE WOULD BE GLAD TO GIVE YOU ALL OF THAT INFORMATION DURING YOUR ORIENTATION, WALK YOU THROUGH OUR WEBSITE SO THAT YOU WILL KNOW ALL THE INFORMATION THAT YOU HAVE AT YOUR DISPOSAL WHILE YOU ARE IN THE COMMUNITY TALKING ABOUT YOUR ROLE ON THIS BOARD AND ALL THE THINGS THAT YOU CAN DO FOR SMALL.
SO AGAIN, NOT ONLY DO YOU HAVE THE OPPORTUNITY OF OUR RESOURCES, BUT YOU ALSO HAVE THE OPPORTUNITY AS YOUR BOARD UNDER BOTH PROFIT AND NONPROFIT THAT YOU HAVE FOR STAND FROM.
THANK YOU FOR THAT DIRECTOR WILLIAMS. AND, UH, PERHAPS THAT WAS HELPFUL FOR YOU, MR. SMITH AS WELL, TO, TO, BECAUSE I'M NOT SURE MOST BUSINESSES OUT THERE AS SMALL, THIS IS LIKE YOURS.
THAT, THAT, THAT'S QUESTION THAT'S AVAILABLE.
UH, THANKS FOR, FOR, FOR THAT, UH, FEEDBACK.
DIRECTOR WILLIAMS. UM, UH, UH, MS. PK, UM, I SEE YOU WITH YOUR HAND, YOUR NEXT HELLO? KIM? KIMBERLY DID, I WASN'T SURE WHETHER YOUR HAND WAS STILL NO, YOU CAN, UH, YOU CAN GO FIRST.
YOU, YOUR HAND WAS UP BEFORE MOM WAS.
AND I'VE BEEN TALKING A LOT,
NO, EVERYTHING THAT YOU SAID WAS GREAT.
UM, SORRY, I, I HAD TO BE LATE DUE TO A PERSONAL, UM, THING, BUT, UM, SO I JUST WAS TAKING SOME NOTES WHEN YOU WERE TALKING.
I, UM, I MAY HAVE MISSED THIS ALREADY, SO FOR ANYTHING I DID, I'M SORRY.
BUT, UM, I KNOW THAT WE HAD FUNDED, UM, OR HELPED TO SUPPORT THE KINGDOM LEGACY, UH, COMPANY PROJECT AND THAT SEEMED TO HAVE SOME REALLY WONDERFUL SYNERGIES WITH SOME OF THE THINGS THAT YOU WERE TALKING ABOUT.
AND SO I WAS THINKING, YOU KNOW, IF YOU'RE NOT ALREADY CONNECTED WITH THEM, IT MIGHT BE, YOU KNOW, WONDERFUL, UM, TO CONNECT YOU.
AND THEN, UM, I WAS JUST MENTIONING, YOU KNOW, IN ADDITION TO, UM, EVERYTHING THAT, UH, IS PROVIDED THROUGH THE SMALL BUSINESS, IT, I'M ALWAYS, YOU KNOW, I THINK MANY OF US THAT MYSELF INCLUDED, MOST DEFINITELY ARE HAPPY TO SHARE AND AMPLIFY YOUR MESSAGE, UM, ESPECIALLY WHEN YOU'RE, YOU KNOW, LOOKING FOR RECRUITS.
I KNOW A FEW PEOPLE IN MY NETWORK THAT I THINK ARE WELL PLUGGED IN TO, UM, THAT AREA.
SO ANY WAY THAT WE CAN SUPPORT YOU, UM, DEFINITELY HERE TO DO THAT.
UH, DID YOU HAVE ANY ADDITIONAL QUESTIONS? NO, I, I MEAN, I GUESS I, THE CLOSEST THAT COMES TO A QUESTION IS, ARE YOU ALREADY PLEASED IN COMMENT? LEGACY? YEAH, SORRY.
UH, MS. SIMS, I SEE YOUR HAND.
SO, YEAH, JUST, UM, JUST A COUPLE OF THINGS.
SO BACK IN THE DAY, I WAS THE PUBLIC INFORMATION OFFICER FOR THE STAFF DALLAS FAIR PARK TRUST FUND, AS IT WAS KNOWN THEN.
AND ONE OF THE THINGS THAT, UM, WE WOULD TRY TO DO, I DON'T, I KNOW THINGS HAVE CHANGED A LOT SINCE I LEFT IN 2005, MANY, MANY MOONS AGO.
HOWEVER, ONE OF THE THINGS THAT WE WOULD TRY TO DO WAS WORK WITH THE MEDIA TO, UM, TO PITCH STORIES OR, YOU KNOW, WORK WITH THE MEDIA ON AND, AND THE COUNCIL PERSON ON DOING DIFFERENT, UM, UNDOING LIKE GROUNDBREAKINGS AND THINGS FOR DIFFERENT BUSINESSES.
BECAUSE WHENEVER THE COUNCIL PERSON WAS THERE, YOU AT LEAST GET ONE CAMERA AND IT WOULD BE GREAT.
UM, BEHAR PARKER ON W F A A CHANNEL EIGHT WOULD LOVE TO DO THIS, FITS RIGHT INTO THE TYPE OF STORIES THAT SHE LIKES TO DO.
AND THEN SECONDLY, THE OTHER THING I WANTED TO MENTION IS, YOU KNOW, ANY PARTNERSHIPS WITH A REAL ESTATE COUNCIL, UM, LEANDER, I BELIEVE YOU, I THINK YOU SERVE ON THE BOARD THERE AS WELL.
UM, THAT WOULD BE, UM, YOU KNOW, IF THERE'S SOME OPPORTUNITIES, ESPECIALLY WITH SOME OF THE INITIATIVES THAT THE REAL ESTATE COUNCIL HAVE, UM, IN DIVERSIFYING THE REAL ESTATE INDUSTRY,
[00:45:01]
THAT COULD BE A NATURAL FIT AS WELL.I JUST WANTED TO ADD THAT MAX, THAT'S A GREAT POINT.
I KNOW THAT NOTHING THAT I TYPE IN HERE IS LIKE, GOES ON THE RECORD, SO I JUST REPEAT THINGS TO LIKE, GO ON THE RECORD.
BUT I KNOW MATT GOODMAN OF D MAGAZINE WOULD ALSO BE A EASY, GOOD FIT.
HE COVERS THESE TYPES OF STORIES AND THAT WOULD BE GREAT.
YEAH, I THINK IT'S GREAT WORK AND I THINK IT'S WORTHY OF NEWS COVERAGE TO GET YOU WHAT YOU, TO GET YOU THE ADDITIONAL THINGS THAT YOU NEED.
AND THEN THANKS FOR THOSE COMMENTS.
UH, MS. SIMS, UH, AND MS. PVE ALSO THAT RECOMMENDATION AS WELL.
UH, DO WE HAVE ANY ADDITIONAL QUESTIONS OR COMMENTS BEFORE WE TAKE A VOTE? OKAY, I'M HEARING NONE.
UH, SO WE WILL MOVE TO A VOTE.
UM, DO WE HAVE A MOTION TO APPROVE, UH, THE AMENDED APPLICATION FOR SHAKINA HOLDINGS? A MOTION.
A MOTION BY MS. SMITH? IS THERE A SECOND? I SECOND.
KIMBERLY SIMS. MS. SIMS SECOND.
SHANA HOLDINGS HAS BEEN APPROVED AND MOVE FORWARD.
THANK YOU VERY MUCH EVERYBODY FOR YOUR PARTICIPATION ON THAT.
UH, NEXT AGENDA, ITEM NUMBER EIGHT.
UH, MS. REGINA, I'LL LET YOU JUMP INTO AN UPDATE ON THE 2023 NOFA, UM, INCREASE OF, I BELIEVE, UH, THAT WAS APPROVED AT OUR LAST UPDATE, BUT I'LL LET YOU HOP INTO THAT.
UM, FIRST I JUST WANTED TO, UM, ACKNOWLEDGE MS. DESTINY HAS A BRAND NEW BOUNCING BABY BOY THAT I DIDN'T EVEN KNOW SHE WAS PREGNANT, AND SHE HAS A BRAND NEW BABY.
SO WE WANTED TO JUST SAY CONGRATULATIONS TO YOU, CONGRAT DESTINY.
I'LL HAVE AN EIGHT WEEK TOMORROW.
OKAY, SO OUR NOFA INCREASE WAS APPROVED ON JANUARY 11TH FROM 100,000 TO 200,000.
AS YOU ALL ARE AWARE, WE DIDN'T EVEN GET TO SPEND OUR A HUNDRED THOUSAND, BUT THE NEED IS GREAT.
SO WHAT WE'RE DOING IN THE COMMUNITY, WE HAVE HAD FIVE INFORMATION SESSIONS, GETTING PEOPLE READY FOR THE NOFA.
UH, WE HAVE ONE TOMORROW VIRTUAL.
MOST OF THEM HAVE BEEN IN PERSON THIS YEAR.
THANK GOODNESS I'M IN LAST, UM, OURS IN, WE HAD A FANTASTIC TURNOUT AT, UM, DALLAS BLACK CHAMBER LAST WEEK.
AND SO HOPEFULLY WE'LL HAVE A GOOD TURNOUT TOMORROW.
NOT NECESSARILY LARGE NUMBERS, BUT GOOD OPPORTUNITIES FOR PEOPLE THAT ARE SERIOUS THAT WE THINK WE CAN REALLY GET SOME MONEY OUT THE DOOR FOR THAT.
SO, UM, FROM, LIKE I SAY AGAIN, OUR 100,000 TO 200,000 WAS APPROVED JANUARY 11TH.
AND, UM, ON THE BACK OF THAT, I'LL LET YOU JUMP INTO THE NEXT AGENDA, ITEM NUMBER NINE, WHICH IS AN UPDATE ON THE RELEASE.
SO OUR 2023 NOFA IS, HAS ALREADY BEEN POSTED, AND IT GOES THROUGH MARCH 31ST.
FOLKS ARE ALREADY APPLYING, WHICH IS GREAT.
THEY'RE GETTING IN IN EARLY, AND THEY'RE SENDING THEIR QUESTIONS.
AND THEN I'M KIND OF ANSWERING QUESTIONS REAL TIME FOR THOSE, SO EVERYONE'S NOT WAITING FOR THE LAST MINUTE WITH THE QUESTIONS.
DO WE HAVE ANY, UH, QUESTIONS ON, UH, ANYTHING PERTAINING TO THE 2023? UH, NO FOR RELEASE OR INFORMATIONAL SESSION? ALL RIGHT, I'M HEARING NONE.
UH, NEXT AGENDA ITEM, THE 2022, UH, SOUTH DALLAS FAIR PARK OPPORTUNITY FUND ANNUAL REPORT.
UH, EVERYBODY SHOULD HAVE RECEIVED THAT, UH, BY NOW AND HAD A CHANCE TO REVIEW IT, UH, EACH YEAR.
UM, THE CHAIRS REQUIRED TO PUT TOGETHER A REPORT THAT OUTLINES SOME OF, UH, OUR INITIATIVES AND SOME OF THE THINGS THAT WE'VE DONE FOR THE PRIOR YEAR.
UH, AND SO, UH, THE INTENT OF THAT REPORT IS TO, UH, LET CITY COUNCIL KNOW AND, AND THE MAYOR KNOW, UH, ABOUT THE WORK THAT THIS BOARD HAS DONE, YOU KNOW, WHICH I'M VERY PROUD OF, AND THE STRIDES THAT WE'VE MADE O OVER THE LAST, UH, COUPLE YEARS.
AND I APPRECIATE EVERYBODY'S DEDICATION AND PARTICIPATION ON THAT.
SO, UM, IF THERE ARE NO COMMENTS OR THERE ARE NO INACCURACIES THAT, UH, ANYONE SEES ON THAT, UH, WE WILL ENTERTAIN A MOTION TO APPROVE THE 2022 ANNUAL REPORT.
UH, MR. HUGHES, I HEARD A MOTION.
IS THERE A SECOND? SECOND, ERIN
[00:50:01]
PEEVE.DISTRICT 14, UH, SECONDED BY MS. PEEVEY.
2022 ANNUAL REPORTS, UH, APPROVED.
NOT TO BE EXCESSIVE, BUT IT WAS REALLY NICE AND WELL DONE AND MADE IT VERY EASY TO PASS ON THAT INFORMATION TOO, THE APPROPRIATE PARTIES.
AND, UH, ONCE AGAIN, I WANT TO THANK THE PARTICIPATION OF, UH, EVERYBODY ON THE BOARD.
I, I KNOW WE HAVE TWO FOLKS THAT WEREN'T SUPPOSED TO BE ON, ON THE CALL TONIGHT.
YOU BEING ONE, MS. PEEVE, CUZ YOU HAVE A YOUNG CHILD AND, YOU KNOW, OBVIOUSLY, UH, MISS
SO, UH, I, I THINK THIS SPEAKS TO THE DEDICATION OF EVERYBODY ON THE BOARD AND THEIR COMMITMENT TO WHAT WE'RE TRYING TO DO.
UM, AND ALSO WANNA RECOGNIZE, UH, SMALL BUSINESS CENTER, OUR ADMINISTRATIVE STAFF FOR, FOR THE WORK THAT THEY DO OUT IN THE COMMUNITY, MAKING SURE THAT EVERYBODY IS INFORMED AS TO WHAT'S GOING ON, UH, MAKING SURE THAT THE BOARD IS, UH, AWARE OF ANY NEW PROGRAMS AND ALWAYS BRINGING THEIR BEST IDEAS TO THE TABLE.
AND SO, UH, I WANNA PUBLICLY SAY THANK YOU TO EVERYBODY AND YOUR PARTICIPATION FOR, FOR ALL THAT YOU GUYS DO.
UH, I KNOW THERE'S A LOT OF THINGS YOU HAVE TO DO AND, AND THE OPPORTUNITY FUND IS NOT THE ONLY THING THAT YOU'RE DOING ALL DAY.
SO, UH, WE APPRECIATE THE WORK THAT YOU'RE DOING, UH, AND EVERYTHING THAT YOU'VE DONE.
WITH THAT, THERE ARE NO MORE COMMENTS.
UH, WE WILL ENTERTAIN A MOTION TO ADJOURN.
MR. CHAIR, I WANTED TO, UM, TALK ABOUT THE BOARD RETREAT DATES.
WE DID NOT GET TO DISCUSS THAT.
AS YOU GUYS KNOW, UH, WE HAD A BOARD RETREAT, UH, SCHEDULED, UH, I BELIEVE THE 18TH OR 19TH.
UH, WE RAN INTO SOME CHALLENGES AND WEREN'T ABLE TO HAVE THAT.
SO WHAT WE'LL DO NOW IS FLOAT OUT A COUPLE OF ALTERNATIVE DATES, UH, TO SEE IF WE CAN GET A RESCHEDULE ON THE CALENDAR.
SO MS. REGINA, I'LL LET YOU JUMP INTO THAT UPDATE.
SO WE HAD TALKED ABOUT SATURDAYS AND HOPEFULLY THAT'S STILL AMENABLE TO EVERYONE.
SO WE BE LOOKING AT MARCH 18TH, 25TH OR APRIL 1ST SO THAT WE CAN GO AHEAD AND GET THIS OUT OF THE WAY.
WHAT, WHAT WERE THOSE DATES AGAIN? MARCH, APRIL? NO, I'M SORRY.
WHAT'D YOU SAY, MR. CHAIR? UH, COULD YOU REPEAT THOSE DATES? MARCH 18, MARCH 25 AND APRIL 1ST.
AND IF WE NEED TO GO FURTHER IN APRIL, WE CAN FOR ALL THOSE DATES ON SATURDAY FUNERAL ON MARCH 18TH.
I'M SORRY, THAT'S, I, I APO I DO HAVE A FUNERAL ON, UH, MARCH 18TH.
SO I'LL BE SOMEWHERE WITH MY DAUGHTER.
UH, AND I'M TRAVELING MARCH 20.
IT SOUNDS LIKE WE'VE GOT, IT SOUNDS LIKE WE'VE GOT, UH, UH, UH, DIFFERENT CONFLICTS ON DIFFERENT DAYS.
SO, UH, WE WE'LL DO IS WE'LL, WE'LL ASK, UH, THE SBC TO SEND OUT, LET, LET'S GO AHEAD AND ELIMINATE MARCH 18TH.
UM, AND LET'S ADD ONE LATER DATE, MS. REGINA.
IF WE CAN, SO MARCH 25TH AND APRIL.
SO THAT WOULD BE APRIL 8TH, MARCH 25TH, APRIL 1ST AND APRIL 8TH.
AND WE'LL PUSH THOSE OUT TO THE BOARD.
I DEFINITELY CAN'T TELL APRIL 1ST.
NOT THAT, THAT SHOULD STOP YOU GUYS.
CAUSE THERE'S TWO PEOPLE THAT DIDN'T KNOW ALREADY, SO WE'LL TAKE, OKAY.
SO, SO, SO WE'LL, WE'LL, WE'LL REMOVE, UH, SO WE'VE GOT MARCH 25TH, UH, AND THEN, UH, LET'S, LET'S PUSH OUT A COUPLE OF DATES.
APRIL 8TH IN APRIL, AND THEN APRIL 15TH, TAX DAY.
AND, AND I'M TRAVELING AFTER THAT MATTERS, BUT, OKAY.
SO APRIL 22ND, THAT'S MY BIRTHDAY WEEK.
I DON'T PLAN TO BE HERE WITH LOVE YOU.
YOU SAID THE LAST WEEK IN APRIL IS YOUR BIRTHDAY? NO, APRIL 23RD.
IT'S MY BIRTHDAY, BUT NO, THAT'S NOT THE, IT'S THE FOLLOWING.
SO WITH APRIL 22ND AND APRIL 29TH.
AND WHAT WAS THE OTHER ONE, MS. REGINA? UM, LET'S, LET'S TOSS ONE OUT IN MAY.
DID WE SAY APRIL 8TH WAS OFF THE TABLE? YEAH, LET, LET, YEAH, I THINK APRIL, WE GOT TO CONFLICT.
LET'S TOSS SOMETHING OUT IN MAY.
DOES MARCH 25TH WORK MAY 6TH? OH, NOT FOR ME.
I'M NOT AVAILABLE ON MARCH 27TH.
[00:55:01]
ABOUT THAT SECOND WEEK? HOW ABOUT THAT SECOND WEEK, UH, IN MAY, WHAT, WHAT DATE IS THAT MS. VIRGINIA? THAT WOULD BE THE 13TH.SO EVERYBODY WILL GET, UH, THOSE THREE DATES.
AND, UH, PLEASE, WHEN YOU GET AN OPPORTUNITY, UH, JUST PLEASE MAKE A NOTATION OF ANY AND ALL DAYS THAT YOU'RE AVAILABLE, EXCUSE ME, AND WE'LL TALLY THOSE UP AND, UH, FIGURE OUT THAT, THAT DAY TO GET, GET OUR RETREAT RESCHEDULED.
AND WHEN I SEND IT, WILL YOU GUYS JUST KIND OF PLEASE RESPOND THEN IF YOU CAN, YOU KNOW THE DATES BECAUSE THAT'S WHAT HAPPENS.
A LOT OF TIMES PEOPLE JUST KIND OF DON'T GET BACK TO IT.
MARCH 25TH, APRIL 29TH, AND MAY 13TH, ALL OUR DATES.
BUT WE WILL SEND IT OUT TOMORROW.
WE'LL ENTERTAIN A MOTION TO ADJOURN.
MS. KIMBERLY, I MAKE A MOTION.
UH, WAS THAT MR. LEVINE FIRST? TRENT HUGHES, DISTRICT 12? MR. HUGHES? I HEARD, UH, MOTION BY MR. HUGHES.
UH, SECOND, I BELIEVE BY MS. SIMS? YES.
THANK YOU VERY MUCH EVERYBODY.