[Dallas Housing Finance Corporation on September 13, 2022.]
[00:00:30]
[00:16:03]
JUST[00:16:03]
DOING[00:16:03]
AN AUDIO CHECK.CAN YOU GUYS HEAR ME ON, ON VIRTUALLY? JUST WANNA MAKE SURE YOU GUYS CAN HEAR ME.
AND EVERYBODY IN THE WEBEX HERE, ME AND US, I GUESS.
AND THAT SERVED AS AN AUDIO AND VIDEO CHECK.
[00:20:01]
SO, ALL GOOD.I THINK WE'RE WAITING FOR, UH, ONE DIRECTOR WHO SAID THEY WERE GONNA BE PRESENT.
UH, WE'RE GOING TO CALL TO ORDER THE SEPTEMBER 13TH MEETING OF THE DALLAS HOUSING FINANCE CORPORATION BOARD OF DIRECTORS.
UM, AARON, CAN YOU LEAD US ON THE ROLL CALL, PLEASE? SURE WILL.
IF I READ YOUR NAME, PLEASE JUST SAY PRESIDENT, OR HERE.
I KNOW SHE WAS HAVING SOME TECHNICAL ISSUES.
I'LL FOLLOW UP WITH HER OFFLINE.
UM, AND DIRECTOR PATTY COLLINS? HERE.
PATTY, CAN YOU, CAN YOU TURN ON YOUR VOLUME? I DIDN'T HEAR YOU HERE.
OKAY, WE GOT THE ROLL CALL DONE.
NOW WE'LL MOVE INTO PUBLIC TESTIMONY, UH, FOR ANY COMMENTS ON ITEMS FOUR THROUGH 13, UM, ANYONE FROM THE PUBLIC CARE TO MAKE A COMMENT? ANYONE ONLINE GOING ONCE, TWICE.
MOVING ON TO ITEM NUMBER FOUR, APPROVAL OF THE MINUTES FROM THE AUGUST 9TH, 2022 D H F C MEETING.
DO WE HAVE A, THIS IS SO MOVED.
UM, BEFORE WE MOVE ON TO ITEM NUMBER FIVE, UM, I BELIEVE BRAD, UH, WOULD YOU CARE TO SPEAK FOR A MINUTE? YEAH.
UH, SO THIS IS MY LAST, UH, MEETING AS A DIRECTOR OF THE HFC AND AS VICE PRESIDENT OF THE HFC.
UM, WHEN WE REORGANIZED THE ORGANIZATION A FEW YEARS AGO, PART OF THE PACKAGE OF ETHICS REFORMS THAT WE PUT IN PLACE WERE TERM LIMITS.
UM, I'M A FIRM BELIEVER IN THOSE, AND MY TERM HAS EXPIRED.
UH, AND SO I'M NOT SEEKING REAPPOINTMENT, UH, AND EXPECT THAT THERE'LL BE A, A NEW DISTRICT ONE REPRESENTATIVE APPOINTED, UH, SHORTLY.
UH, I WANTED TO SAY, UH, FIRST OFF, I NEED TO FORMALLY RESIGN AS VICE PRESIDENT EFFECTIVE IMMEDIATELY.
SO YOU CAN VOTE ON THE NEXT ITEM.
[00:25:01]
I'LL RESIGN AS A DIRECTOR, UH, EFFECTIVE AFTER THIS MEETING SO WE DON'T LOSE A QUORUM.UM, BUT I, I'M GRATEFUL TO YOU ALL, UM, FOR THE CHANCE TO SERVE ALONGSIDE YOU AND SERVE THE RESIDENTS OF DALLAS, UH, AND SPECIFICALLY THE RESIDENTS OF THE PROJECTS THAT WE'VE DEVELOPED.
UM, EIGHT YEARS AGO WHEN I JOINED THIS ORGANIZATION, UH, IT WAS A SMALL BOARD THAT WAS DOMINATED BY FOLKS WHO WERE IN THE AFFORDABLE HOUSING BUSINESS.
UM, THERE WAS CHAOS AT THE STAFF LEVEL.
UM, AND OVER THE COURSE OF EIGHT YEARS, UH, I'M VERY PROUD OF, UM, THE ORGANIZATION THAT WE'VE BECOME.
I'M PROUD OF THE PROJECTS, UH, ESPECIALLY IN MORE RECENT YEARS THAT WE'VE DEVELOPED.
UH, I THINK WE HAVE, UH, DONE OUR PART TO ADDRESS THE SHORTAGE OF AFFORDABLE HOUSING IN DALLAS, UH, AND TO PROVIDE QUALITY HOUSING THAT FOLKS ARE PROUD TO LIVE IN.
UM, SO I'M GRATEFUL FOR YOUR, UH, SERVICE ALONGSIDE, UH, APPRECIATE, UH, KYLE AND AARON AND THE REST OF STAFF, UH, AND ALL THEIR SUPPORT, AND LOOK FORWARD TO SEEING WHAT THE H F C DOES GOING FORWARD.
BRAD, THANK YOU SO MUCH FOR YOUR SERVICE.
UM, AND WE APPRECIATE EVERYTHING YOU'VE PUT INTO THE BOARD OVER THE PAST EIGHT YEARS.
UM, WITH THAT BEING SAID, WE'LL MOVE INTO ITEM NUMBER FIVE, ELECTION OF VACANT BOARD OFFICER POSITIONS.
UM, I JUST WANTED TO, UH, TO THANK BRAD SO MUCH.
UM, I'M HAPPY HE MENTIONED, UH, THE WORK THAT HAD TO BE DONE TO BRING THIS BOARD TO WHERE IT IS TODAY.
AND, UH, BRAD, BRAD AND I KIND OF DID THAT SIDE BY SIDE, BUT, UH, BRAD WAS JUST, UM, SO WONDERFUL AND SPENT SO MUCH OF HIS TIME AND WAS SUCH A VALUABLE RESOURCE.
AND I JUST WANTED TO THANK HIM SO MUCH FOR HIS SERVICE.
AND, UH, I JUST, I APPRECIATE, UM, BRAD'S GUIDANCE THROUGHOUT THE YEARS.
I CAME ON THE BOARD NOT REALLY KNOWING THE HISTORY, BUT, BUT SEEING THE WORK THAT, UH, ALL OF OUR LONGER TENURED, UH, DIRECTORS HAVE PUT INTO THIS ORGANIZATION AND CORPORATION.
I JUST WANNA SAY THANK YOU AND APPRECIATE YOUR LEADERSHIP AND GUIDANCE ON, ON, UH, ALL THINGS AFFORDABLE HOUSING AND HOUSING FINANCE CORPORATION.
AND YOU'RE DEFINITELY LEAVING THIS CORPORATION IN A BETTER SPOT THAN, THAN WHEN YOU JOINED US.
THANK YOU ALL FOR YOUR KIND WORDS.
SO NOW, UM, ITEM NUMBER FIVE, ELECTION OF VACANT BOARD OFFICER POSITION.
UM, DO WE HAVE ANY NOMINATIONS FOR THE POSITION? THIS IS PRESIDENT HAL FINN.
UM, I WOULD LIKE TO NOMINATE SECRETARY RYAN GARCIA TO MOVE INTO THE POSITION OF VICE PRESIDENT.
UM, YOU'VE SERVED THIS BOARD FOR, UH, QUITE A WHILE NOW, AND YOU'VE, UH, BEEN A WONDERFUL SECRETARY.
AND, UM, AND I WOULD LOVE TO SEE YOU MOVE INTO THE VICE PRESIDENT POSITION.
SO I HEREBY NOMINATE YOU FOR THAT.
UH, THANK YOU BOTH AND I'LL ACCEPT THE NOMINATION.
UM, ANY OTHER NOMINATIONS? UM, SEEING NONE, I GUESS WE'LL JUST CLOSE, CLOSE NOMINATIONS AND BY ACCLIMATION.
WELL, THANK YOU VERY MUCH FOR EVERYONE'S, UH, CONFIDENCE IN ME.
UM, THIS WOULD NOW CREATE A VACANCY FOR THE SECRETARY ROLE.
UM, SO DO WE HAVE A MOTION TO OPEN, UM, OPEN ELECTIONS FOR THE SECRETARY ROLE? HEY, RYAN.
I THINK I'VE BEEN TOLD THAT YOU CAN ACTUALLY HOLD SECRETARY AND VICE PRESIDENT AT THE SAME TIME, SO TECHNICALLY YOU WOULD HAVE TO RESIGN FIRST AS WELL.
AS SECRETARY IN THAT CASE, I WILL RESIGN FROM THE ROLE OF SECRETARY.
UM, NOW DO WE HAVE ANY NOMINATIONS FOR THE ROLE? I HAVE A NOMINATION FOR THAT ONE AS WELL.
I'D LIKE TO NOMINATE ANTHONY PAGE, UH, FOR THAT POSITION.
UM, AGAIN, I, I THINK THAT, UH, THAT HE HAS WORKED REALLY HARD EVER SINCE HE CAME ONTO THIS BOARD AND, UM, AND THINK HE WOULD DO A GREAT JOB TO BECOME OUR SECRETARY.
I WILL SECOND THAT NOMINATION.
WHAT, WHAT AREA DOES ANTHONY COVER? WHAT DISTRICT CITY COUNCIL DO? OH, UM, DISTRICT 14.
[00:30:01]
HEY, THIS IS DR.I WOULD LIKE TO NOMINATE TATIANA FARROW AS WELL, UM, FOR THE POSITION OF SECRETARY, UH, BECAUSE OF HER INVOLVEMENT, UH, WITH THE NATIONAL, UM, ESPECIALLY GOING TO CONFERENCES AS WELL AS HER INVOLVEMENT LOCALLY.
WHAT, WHAT DISTRICT DOES SHE COVER OR WHO AREA? OH, I'M THE DIRECTOR FOR DISTRICT SIX.
UH, DO WE HAVE A, A SECOND? UH, THIS IS DIRECTOR LEWIS.
WE HAVE TWO, UH, TWO NOMINEES.
WE WILL CLOSE THE FLOOR TO NOMINATIONS AND NOW WE'LL MOVE INTO THE, TO THE ELECTION PORTION.
UM, DO WE WANT TO DO THE, HOW WOULD WE LIKE TO DO THIS BY ROLL CALL OR BY ROLL CALL? OKAY.
UM, SINCE I'M THE ONLY NOMINEE FOR VICE PRESIDENT, DO WE NEED TO DO THAT ONE OR NO? NO.
SO WE WILL CLOSE THE ELECTION FOR VICE PRESIDENT AND MOVE INTO THE ELECTION FOR SECRETARY.
WE HAVE, UH, DIRECTOR PAIGE AND DIRECTOR PHARAOH.
WE'LL GO THROUGH AND DO A ROLL CALL.
SO, UM, JUST BE READY WHEN, UH, WHEN YOUR NAME IS CALLED.
UH, WE'LL START WITH, UH, PRESIDENT HELLAND, DIRECTOR PAIGE.
UM, I WILL VOTE FOR DIRECTOR PAGE.
UM, DIRECTOR MARTINEZ, UH, FOR DIRECTOR FARRELL.
UM, DIRECTOR LAPAZ AND DIRECTOR? UH, DIRECTOR ELLIS.
I WILL, UM, VOTE FOR, UM, FARRELL, DR.
DIRECTOR FARRELL, UM, DIRECTOR LIGHT BURN.
I WAS ACTUALLY GONNA VOTE FOR DIRECTOR PAIGE BASED ON HIS EXPERIENCE AND EVERYTHING HE'S DONE ON THE BOARD.
UH, DIRECTOR LEWIS? I VOTE FOR DIRECTOR PAGE.
I VOTE FOR DIRECTOR PAGE AS WELL.
UH, DO YOU, UM, CAST A VOTE? YES, DR.
CAN YOU HEAR ME? UH, DO, UH, DIRECTOR FAROH? CORRECT.
UM, WE'LL JUST TOTALING IT UP RIGHT NOW.
I HAVE FOUR FOR DIRECTOR PHARAOH, AND FIVE FOR DIRECTOR PAGE.
YEAH, IT SOUNDS LIKE, UM, BY VOTE OF FIVE TO FOUR, UH, DIRECTOR PAGE HAS WON THE ELECTION.
YEAH, I THINK THAT'S, THAT'S IT FOR THAT ITEM.
UM, NOW WE'LL MOVE ON TO THE INDUCEMENT RESOLUTIONS.
UM, I'D LIKE TO ASK THE BOARD, UM, JUST TO MAKE SURE WE HAVE ENOUGH TIME, WE HAVE QUITE A FEW INDUCEMENTS TO GET THROUGH TODAY.
IF WE COULD TRY TO BALLPARK ABOUT 20 MINUTES, UH, FOR EACH, UH, INDUCEMENT, GIVE EVERYONE TIME TO PRESENT, READ THROUGH THE MOTIONS, OF COURSE, IF THERE'S SOMETHING THAT NEEDS TO BE SAID FOR THE GOOD OF THE GROUP, NO PROBLEM AT ALL.
JUST WANNA MAKE SURE EVERYONE GET, GETS A FAIR SHAKE.
SO LET, UH, DOES THAT WORK FOR EVERYBODY THEY NEED? GIVE IT SOME, YEAH.
UH, WE'LL, WE'LL, WE'LL BALLPARK 15 MINUTES THEN, UH, PER, PER RESOLUTION.
AND AGAIN, IF SOMETHING NEEDS TO BE SAID FOR THE GOOD OF THE GROUP, PLEASE DON'T HESITATE TO ASK.
OTHERWISE, FEEL FREE TO ASK STAFF OR THE DEVELOPERS ARE HERE DIRECTLY.
UM, THAT BEING SAID, WE'LL MOVE INTO ITEM NUMBER SIX, CONSIDERATION AND POSSIBLE ADOPTION OF A RESOLUTION.
DECLARING INTENT TO ISSUE BONDS FOR A LOAN TO L L D G, THE CROSSING AT CLEAR CREEK LP TO PROVIDE FINANCING FOR A MULTI-FAMILY RESIDENTIAL RENTAL DEVELOPMENT FOR, FOR PERSONS OF LOW AND MODERATE INCOME.
THE CROSSING AT CLEAR CREEK, LOCATED AT THE NORTHEAST CORNER OF US, HIGHWAY 1 75 AND WOODY ROAD IN AN AGGREGATE PRINCIPLE AMOUNT NOT TO EXCEED 60 MILLION,
[00:35:01]
AUTHORIZING THE FILING OF AN APPLICATION FOR AN ALLOCATION OF PRIVATE ACTIVITY BONDS WITH THE TEXAS BOND REVIEW BOARD, AND CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT.I'LL, I'LL JUST GO THROUGH THIS ONE QUICKLY.
UM, WE'RE VOTING TO INDUCE FOR $60 MILLION NOT TO EXCEED $60 MILLION.
SO THIS IS LOCATED AT THE NORTHEAST CORNER OF HIGHWAY 1 75 AND WOODY ROAD.
IT IS 264 UNITS AND THEY'RE ANTICIPATING 238 OF THOSE UNITS WILL BE, UH, RESTRICTED TO 60% A M I.
TOTAL DEVELOPMENT COSTS WILL BE BE AROUND 73 MILLION.
UM, AGAIN, THESE ARE ESTIMATES, BUT THE APPLICANT IS L D G, SO WE'RE FAMILIAR WITH THE DEVELOPER AND THE PRODUCT THAT THEY PRODUCE, VERY HIGH QUALITY.
UM, THEY'LL HAVE ALL THE STANDARD AMENITIES, THE CLUBHOUSE, POOL, OFFICE, THEATER ROOM, UM, AND SO ON.
THERE WAS A, UH, CONCERN RAISE ABOUT THE SIDEWALKS, OR LACK THEREOF.
UM, LDG IS WORKING WITH PUBLIC WORKS TO DEVELOP A PLAN FOR THE SIDEWALK TO CONNECT TO THE, UH, SCHOOLS THAT ARE JUST NORTH OF THE SITE, I BELIEVE.
UM, THEY'RE ALSO WORKING WITH THE PARKS AND RECREATION BOARD ON THE WESTERN EDGE OF THE SITE.
THERE'S 9.7 ACRES THAT THEY ARE PLANNING TO DEDICATE AS PARKLAND.
UM, AGAIN, UH, WE HAVE, UH, SEEN THIS SITE, SO HOPEFULLY WE'RE, WE'RE FAMILIAR WITH IT.
UM, THERE IS SOME ADDITIONAL, UH, MATERIALS BROUGHT BY JAKE BROWN, BUT, UH, I THINK YOU GUYS ARE FREE TO ASK QUESTIONS.
JAKE IS HERE, UM, IF YOU WANT TO ASK HIM ANYTHING SPECIFIC.
I REMEMBER THIS FROM A PREVIOUS MEETING.
UM, THERE WERE SOME CONCERNS ABOUT THE, UH, PUBLIC TRANSPORTATION, WHICH YOU DID NOT MENTION JUST NOW.
UH, AND I DON'T KNOW IF, IF THAT HAS BEEN, UH, REVIEWED OR LOOKED AT OR PLANNED FOR, UH, BUT THE PUBLIC TRANSPORTATION WAS AN ISSUE THE LAST MEETING.
OH, WE HAVE THE DEVELOPER HERE.
HE'S, HE'LL COME UP AND, UM, ENTER SOME QUESTIONS.
CAN YOU GUYS HEAR ME NOW? UH, IN REGARDS TO PUBLIC TRANSPORTATION, YOU'RE CORRECT.
THERE'S NO, THERE'S NO PUBLIC TRANSPORTATION, AT LEAST IN A TRADITIONAL FORM AS FAR AS LIKE A, A DART BUS SERVICE OR A LIGHT RAIL LINE TO THE SITE.
UM, THERE IS, UM, DART HAS LIKE AN UBER TYPE SERVICE THAT DOES REACH THE SITE.
UM, KIND OF WHAT AARON MENTIONED A MOMENT AGO, AS FAR AS THE WALKABILITY WITH THE SIDEWALK, SINCE WE DON'T HAVE THE TRADITIONAL FORM OF PUBLIC TRANSPORTATION, WHICH IS OBVIOUSLY SOMETHING WE WISH WE HAD, THAT'S ONE OF THE MAIN REASONS WHY WE'VE BEEN WORKING WITH, UH, THE TRANSPORTATION DEPARTMENT AND PUBLIC WORKS TO IMPLEMENT THAT SIDEWALK ALONG WOODY ROAD.
UM, AARON ALSO MENTIONED THE, THE HIGH SCHOOL AND THE MIDDLE SCHOOL TO THE NORTH OF THERE, JUST TO BE ABLE TO PROMOTE THAT WALKABILITY JUST IN THE ABSENCE OF TRADITIONAL FORMS OF TRA PUBLIC TRANSPORTATION.
UM, THAT, THAT'S ONE OF THE MAIN WAYS THAT WE'RE TRYING TO COMBAT THAT.
BUT AS FAR AS THE TRADITIONAL FORM OF LIGHT RAIL OR BUS, WE DON'T HAVE THAT HERE, UNFORTUNATELY.
YEAH, AND JUST TO ADD ON TOP OF THAT, THAT IT'S THE DART GO LINK SERVICE, UM, IN THE CLEAVER AREA THAT WILL PROVIDE, UH, TRANSPORTATION DIRECTLY TO THE NEAREST DART RAIL STATION AND ALSO OTHER AREAS, UM, PER THEIR SERVICE.
SO THAT IT'S A, IT'S IT'S DART SOLUTION TO NOT HAVING BUS SERVICE TO THE FAR SOUTHEAST, UH, PORTION OF OUR, OUR CITY.
BUT THEY DO HAVE, UH, A PUBLIC TRANSPORTATION OPT OPTION THAT THEY HAVE PROVIDED FOR THAT AREA.
HOW FAR SO THAT, THAT'S THE FINAL SOLUTION, IS THE GO LINK BUS, IS THAT, THAT'S THE FINAL SOLUTION.
THAT'S, THAT'S DART SOLUTION FOR THIS AREA OF THIS, OF, OF THE CITY.
UH, AND I'LL ALSO ADD THAT WE'VE, WE'VE HAD CONVERSATIONS WITH DART AND THEY'RE ONGOING TO TRY TO GET TO A BUS SERVICE EXTENDED OUT THERE.
TO BE TRUTHFULLY HONEST, THEY HAVEN'T BEEN THE MOST POSITIVE CONVERSATIONS AS, AS FAR AS EXTENDING THAT BUS SERVICE OUT THERE.
UM, BUT, BUT DO KNOW THAT WE HAVE ATTEMPTED AND CONTINUED TO ATTEMPT TO GET, UH, TRADITIONAL MORE TRADITIONAL FORMS OF PUBLIC TRANSPORTATION OUT THERE.
I THINK THIS WAS ONE OF THE MAIN ISSUES THAT I CAN RECALL CORRECTLY ALSO, BECAUSE THE, THERE WERE ISSUES WITH ACCESS TO THE GROCERY STORES, ACCESS TO, UM, HOSPITALS, HEALTHCARE, UM, ACCESS TO, UM, BASIC NECESSITIES ESSENTIALS.
SO EVEN WITH THE GO LINK BUS, DOES IT JUST STOP INTO THE APARTMENT COMPLEX AND THEN TAKE THEM TO THE TRANSIT? CUZ I THOUGHT THE U N T DALLAS TRAIN SLASH TRANSIT WAS THE ONLY, WAS THE NEAREST ONE.
[00:40:01]
MY UNDERSTANDING IS WITH THE GO LINK, UM, YOU CALL BASICALLY A RIDE SHARE TO COME GET YOU THROUGH THE DART.UM, THROUGH DART THEY COME DIRECTLY TO YOUR DOOR TO PICK YOU UP AND THEN TAKE YOU TO WHATEVER YOUR DESTINATION IS.
IT'S NOT, UH, IT'S NOT SOMETHING WHERE THEY COME AND GET YOU AND THEN TAKE YOU TO A BUS STOP OR TO A LIGHT RAIL, AND THEN IT TAKES YOU FROM THERE.
IT'S, IT'S KIND OF, IT'S LIKE UBER OR LYFT, LIKE A RIDE SHARE PROGRAM.
AND, AND I KNOW THAT WE'RE, WE'RE DISCUSSING AND, AND, AND TALKING ABOUT A, A PREVIOUS PROPOSAL FOR THIS SITE, SOME OF THE CONCERNS WERE THE DENSITY ON THE SITE.
THIS HAS BEEN REDUCED FROM, UH, I, WHAT IS THE CURRENT UNIT DENSITY THERE? IT'S 264 UNITS.
I THINK IT WAS, UH, I DON'T HAVE THE, THE ACTUAL NUMBER OFF THE TOP OF MY HEAD, BUT THEY HAVE, THEY HAVE ADDRESSED THAT.
THEY'VE ALSO ADDRESSED THE WALKABILITY IN THE AREA.
THERE'S JUST NO SIDEWALKS DOWN THERE FROM WOODY, FROM THIS SITE DOWN TO WOODY ROAD, PAST A WHOLE BUNCH OF SINGLE FAMILY DEVELOPMENT.
SO, UH, AS WE'RE GOING ALONG, OBVIOUSLY THIS DOESN'T BIND US INTO DOING THE PROJECT.
THIS ISN'T COMMITTING US TO ANY SORT OF PARTNERSHIP, BUT THIS DOES PROVIDE US WITH AN OPPORTUNITY TO HAVE A DEVELOPER THAT'S WILLING TO INSTALL, YOU KNOW, BASIC INFRASTRUCTURE FOR THE AREA.
AND THERE'S ALSO, THERE IS A, THERE IS A FULL SERVICE GROCERY, UH, LESS THAN A MILE AWAY FROM THIS.
UM, IT'S NOT, IT'S NOT A, A NAME BRAND, UH, GROCERY STORE.
HOWEVER, HAVING STOPPED IN THERE, UH, I WOULD BE MORE THAN HAPPY TO BUY, UH, MEAT AND FRESH PRODUCE PRODUCE FROM THIS, FROM THIS STORE.
SO, UM, IT'S NOT THAT THERE'S NO SERVICES, THERE'S PLENTY OF SERVICES PROVIDED BY THE CITY OF SEAGOVILLE JUST GIVEN THE NATURE OF WHERE THIS PROJECT IS IN THE CITY.
SO, UM, I, I, I THINK L D D HAS, HAS HEARD BOARD COMMENTS ABOUT THE PREVIOUS ITERATION OF THIS SITE AND HAS TAKEN THAT INTO HEART AND HAS COMMITTED TO WORKING WITH US.
IT'S NOT A FINISHED PRODUCT YET.
UM, THIS JUST GIVES US THE OPPORTUNITY TO BE ABLE TO MOVE FORWARD IN CRAFTING A PROPOSAL THAT SERVES THE NEED OF THE BOARD AND THE, THE RESIDENTS OF DALLAS.
UM, YEAH, I'D LIKE TO MAKE A COMMENT ABOUT THIS.
I WAS, UM, I'VE HAD A LOT OF CONCERNS ABOUT THIS SITE IN THE PAST, AND I THINK THAT THE DIRECTION THIS IS HEADING NOW IS A POSITIVE DIRECTION.
UH, THE CONCERNS I HAD LAST TIME, ONE OF THEM WAS THE ACCESS IN MY CONS CONCERN ABOUT RESIDENTS BEING ISOLATED FROM THE, THEIR NEIGHBORS AND FROM THE, UH, FROM SEAGOVILLE HIGH SCHOOL AND SEAGOVILLE MIDDLE SCHOOL.
WHAT I UNDERSTAND NOW IS THAT L D G IS WORKING WITH THE, UH, DEPARTMENT OF PUBLIC WORKS TO, UM, EXTEND A SIDEWALK FROM THIS PROJECT DIRECTLY TO SEAGOVILLE HIGH SCHOOL AND MIDDLE SCHOOL.
WHAT THAT WOULD DO WOULD GIVE THE RESIDENTS HERE THE ABILITY TO, AND, AND THE, THE KIDS, THE ABILITY TO, TO WALK BACK AND FORTH TO SCHOOL AND TO WALK, HAVE A SAFE PATH TO THE ADJACENT NEIGHBORHOOD.
SO THAT IS, I THINK, A VERY POSITIVE DIRECTION.
I'M ASSUMING THEY CAN PULL THAT OFF.
THE SECOND THING, WHICH THEY'RE, I HAD A CONCERN ABOUT WAS THAT THE, UH, DENSITY OF THE SITE AND THE LACK OF, UH, UH, RECREATIONAL AMENITIES, NOT JUST FOR THIS PROJECT, BUT FOR THIS ENTIRE SECTION, THE CITY OF DALLAS.
AND I ALSO UNDERSTAND L D G IS WORKING WITH THE PARKS, UH, AND RECREATION DEPARTMENT TO, UM, AND WILLING TO DONATE NEARLY 10 ACRES OF WHAT LOOKS LIKE WOULD BE A VERY ATTRACTIVE PARK, UM, ON, ON A PORTION OF THEIR SITE, UM, ADJACENT TO THE CREEK, WHICH I THINK WOULD BE FANTASTIC.
NOT ONLY FOR THE RESIDENTS, BUT FOR THIS ENTIRE AREA OF DALLAS.
UH, AND FINALLY, MY CONCERN HAS BEEN ABOUT THE LACK OF ACCESS TO, UH, COMMERCIAL RETAIL.
AND L D GINA'S CASE, I BELIEVE IS NOW HAS CREATED AN OUT PARCEL.
AND TO THE EXTENT THEY CAN BRING IN A, ATTRACT A, UM, RETAILER, WHICH I THINK THEY COULD PROVIDE CONVENIENCE RETAIL, THAT WOULD GIVE THE RESIDENTS THE ABILITY TO JUST WALK TO THE CORNER STORE AND, AND, UH, TO GET THINGS LIKE, YOU KNOW, BREAD AND MILK AND EGGS AND THE KIND OF STUFF YOU NEED JUST TO, YOU KNOW, THE, THE DAILY KIND OF SHOPPING ERRANDS AND AVOID HAVING TO, TO, UH, UM, YOU KNOW, DRIVE BACK AND AND FORTH.
UM, THE, THE GO LINK, UH, I THINK IT, IT TAKES YOU TO THE NEAREST RAIL STATION.
AND ALSO, AS I UNDERSTAND THIS HAS CHANGED RECENTLY, WE'LL TAKE RESIDENCE ANYWHERE WITHIN THE CLEAVER RILEY, UM, GOLINK DISTRICT.
AND SO THERE ARE, UM, SEVERAL, UH, SUPERMARKETS, UM, AND, UM, HOUSES OF WORSHIP ET UH, ET CETERA WITHIN THERE.
BUT I DON'T THINK THE SITE'S PERFECT.
I THINK IT'S MADE A REAL LOT OF POSITIVE CHANGES, UM, THAT COULD BE NOT ONLY GOOD FOR THIS PROJECT, BUT FOR THIS AREA OF DALLAS.
SO I'M LEANING TOWARDS SUPPORTING IT, UM, PROVIDED THEY CAN PULL THESE, THESE, UH, THINGS OFF.
AND I, I COMMEND THEM FOR THEIR WORK ON THIS, CUZ IT'S NOT AN EASY SITE.
[00:45:01]
UH, DIRECTOR LEWIS.UH, ONE, UM, IN REGARDS TO THE, THE INSURANCE, THE BONDS, I KNOW, UM, FROM THE LAST CONFERENCE I ATTENDED, YOU KNOW, WE WERE ALWAYS TRYING TO LOOK AT THE CAP AND NOT TO SEE, I GUESS IT WAS LIKE 55%.
I GUESS BASED ON WHERE WE CURRENTLY ARE AND OBVIOUSLY POTENTIAL FUTURE DEALS, YOU KNOW, WHERE WHERE DOES, YOU KNOW, THE, UM, HFC STAND IN THAT REGARDS? UM, DO WE HAVE ANYONE FROM HILLTOP TO ANSWER THAT OR DO YOU WANT ME TO TAKE A STAB AT IT? UM, I GUESS, UH, JAKE, I'M ASSUMING THIS IS IN ORDER TO ENTER THE 2023 LOTTERY, CORRECT? THAT'S CORRECT.
SO WE WE'RE STARTING WITH A FRESH PROGRAM YEAR.
UM, SO WE AS A DALLAS H FFC DON'T REALLY HAVE A CAP RIGHT NOW.
WHAT, WHAT EVERYONE'S TRYING TO DO ON THIS MEETING, AND ANYONE, PLEASE CORRECT ME IF I'M WRONG, IS HAVE THEIR PROJECTS INDUCED TO BE ENTERED INTO THIS LOTTERY FOR A PORTION OF THAT VOLUME CAP.
I BELIEVE 60 MIL IS THE NEW KIND OF CEILING.
UM, DO Y'ALL ANTICIPATE TO USE ALL 60 MIL OF THOSE BONDS, OR IS THAT JUST KIND OF THE SAFE AMOUNT Y'ALL REQUESTED? IT'S A SAFE AMOUNT.
I, I WOULD LET GEORGE RODRIGUEZ, IF HE'S ON ANSWER THAT, AND, BUT WE, HE AND I HAD TALKED ABOUT IT, UH, PROBABLY FOUR OR FIVE WEEKS AGO IS, IS JUST KIND OF BEING A SAFE AMOUNT.
UH, GEORGE, ARE YOU ON, SORRY, I'M TRYING TO
WE'VE PROVIDED A NUMBER THAT IS HIGH ENOUGH, SO AS THE STATE, AS THE MAXIMUM NUMBER IS ADJUSTED AND YOU DON'T KNOW WHAT THAT NUMBER WILL BE IN ADVANCE, IT'S BASED ON A PERCENTAGE OF THE STATE'S CEILING.
AND WE WON'T KNOW THAT UNTIL ACTUALLY AFTER THE LOTTERY OCCURS.
SO WE, BUT THE, THE BOND REVIEW BOARD WILL AUTOMATICALLY ADJUST THE APPLICATION TO WHATEVER THE MAXIMUM AMOUNT IS.
SO WE'VE JUST PUT IN A NUMBER THAT WOULD GET US TO WHATEVER THAT MAXIMUM AMOUNT IS, WHICH ACTUALLY PROBABLY WILL BE CLOSER TO 55 THAN 60.
BUT AGAIN, UM, WE'RE JUST GIVING OURSELVES PLENTY OF CUSHION SO THAT WE CAN GET THE MAXIMUM AMOUNT AVAILABLE.
UM, MY SECOND QUESTION IS, IS, UM, I I DEFINITELY APPRECIATE LGG FOR MAKING THESE ACCOMMODATIONS.
UM, YOU KNOW, I, UH, I GUESS MY QUESTION FOR STAFF IS, YOU KNOW, BASED ON THAT FIVE TO TWO MILE RADIUS, YOU KNOW, HOW MANY LI LOCK TECH LITECH DEALS ARE CURRENTLY? I KNOW WE HAVE ONE ANOTHER L G G PROJECT THAT WAS RECENTLY APPROVED AND WE MIGHT POTENTIALLY HAVE THIS ONE.
SO WITHIN THAT KIND OF RADIUS, FIVE TO 10 MILES.
ARE THERE ANY OTHERS? YEAH, YOU'RE, YOU'RE RIGHT ABOUT THIS ONE.
THE METAL BOOK PROJECT, I BELIEVE IS, IS FAIRLY CLOSE.
SORRY, I I DIDN'T, WAS SOMEONE TRYING TO SAY SOMETHING ELSE? OKAY.
YEAH, THE METAL BOOK PRO PROJECT IS, IS FAIRLY CLOSE.
UM, BUT I THINK OUR KIND OF REBUTTAL TO THAT IS THAT THIS, THIS AREA HASN'T REALLY SEEN A LOT OF NEW ANYTHING, UM, OTHER THAN THAT PROJECT.
SO IT'S, IT'S STILL VERY MUCH KIND OF A GROWTH AREA.
UM, YOU HAVE A LOT OF NEW INDUSTRY THAT'S, THAT'S HAPPENING IN SOUTH DALLAS.
UM, THERE'S GONNA BE A NEED FOR HOUSING FOR ALL OF THOSE WORKERS.
AND SO, UM, WE'RE LIKE EVERYWHERE ELSE IN THE CITY, IT'S JUST EXPANDING OUTWARD.
UM, THAT'S KIND OF A MAIN REASON WHY THERE'S NO DART SERVICE OUT THERE YET.
IT'S JUST KIND OF A NEWER AREA, WELL, NOT NEW, BUT, BUT YET TO BE, UM, COMPLETELY FLESHED OUT WITH DEVELOPMENT.
AND SO, UM, IT'S NICE TO GET IN HERE EARLIER RATHER THAN, THAN LATER WHERE, WHERE LAND BECOMES PROHIBITIVELY EXPENSIVE.
UM, YEAH, AND ALL OF THE, THE, THE IS OBVIOUSLY THE, THE MEADOWBROOK APARTMENTS THAT WE PREVIOUSLY APPROVED AS A BOARD IN THE AREA, BUT THE REST OF THE, THE, I WOULD SAY LITECH THAT'S ACTUALLY ADJACENT TO THIS PROPERTY IS ALL IN FALLS SPRINGS.
SO, UH, IT'S NOT ACTUALLY A CITY OF DALLAS AND WE REALLY HAVE NO CONTROL OVER WHAT THEY'RE DOING AS A CITY.
SO, UM, IT'S, IT, THERE'S CERTAINLY NOT A CONCENTRATION, UM, OF, OF ANY SORT OF LITECH IN THE AREA.
SO, UM, THAT'S, THAT'S THIS PROJECT.
AND THEN, UH, JUST MY LAST COMMENT THEN I'LL HAND IT OVER.
UM, SO FROM MY PREVIOUS EXPERIENCE, YOU KNOW, BEEN ON THE ZONING COMMISSION FOUR, DISTRICT EIGHT, I DID SPEND A LOT OF TIME IN THAT CLEAVER RALEIGH AREA THAT WE'RE REFERENCING HERE.
SO I JUST WANNA MAKE SURE AS A BOARD WE'RE CONSTANT FOR FUTURE DECISION MAKING THAT, YOU KNOW, THERE ARE TWO LAND USE STUDY PRO, UM, POT PLANS THAT WE'LL PUT IN PLACE BY THE NEIGHBOR, UH, IN CONJUNCTION
[00:50:01]
WITH THE CITY AND THE COMMUNITY TO KEEP IT MORE RURAL.SO I DO, I DO THINK THIS, I WILL SUPPORT THIS ONE, BUT I JUST WANNA MAKE SURE THAT WE'RE COGNIZANT GOING FORWARD THAT WE DON'T OVERLOAD THIS NEW FOUND AREA.
UM, CUZ BASED ON, YOU KNOW, SOUTHERN DALLAS IS ONE OF THE LAST DISTRICTS WITH A LOT OF AVAILABILITY LAND, SO THOSE THINGS ARE IN PLACE TO KIND OF KEEP IT RURAL.
UM, BUT, YOU KNOW, WE DO WANT TO HAVE, YOU KNOW, DIFFERENT TYPES OF DEVELOPMENT IN THAT AREA DUE TO, YOU KNOW, UH, NEW APARTMENTS IN SINGLE FAMILY HOMES.
SO I JUST WANNA KEEP THAT IN, PUT THAT OUT THERE AS A COMMENT, YOU KNOW, FOR FUTURE DECISION MAKING AND FOR THE OTHER DIRECTORS TO BE COGNIZANT ON.
UM, I BELIEVE, UH, DIRECTOR LIGHT BURN TYPED A QUESTION IN.
I DO NOT KNOW THE ANSWER TO THAT.
KYLE, DO YOU REMEMBER THE NAME OF THE, THE GROCERY STORE? IT'S CALLED MITOS.
IT'S AT THE CORNER OF SOUTH BELTLINE ROAD AND S EAGLEVILLE ROAD.
OKAY, SO WE'RE, WE'RE JUST ABOUT OVER 15 MINUTES.
UM, AGAIN, I DON'T WANNA SHUT DOWN CONVERSATION, UM, IF THE BOARD HA HAS QUESTIONS.
UM, BUT THAT BEING SAID, DOES ANYONE ELSE HAVE ANY, UH, QUESTIONS FOR JAKE OR STAFF ON THIS ITEM? THIS IS DIRECTOR ELLIS.
JUST GONNA HAVE ONE QUICK COMMENT.
I THINK, YOU KNOW, WHEN WE HAVE A SITE THAT'S ACTUALLY ZONED MULTIFAMILY, UH, LOOK IN LOCATIONS LIKE THIS, THAT IT IS HIGH GROWTH IN SEVILLE.
THAT'S KINDA MY UNDERSTANDING.
THERE ARE A LOT OF EMPLOYERS, SOUTH 6 35 LOGISTICS CENTERS.
UH, IT'S A GOOD JOB STORY, BUT THE RENTS AREN'T THERE, UH, TO JUSTIFY MARKET RATE DEVELOPMENT AND LATEX, THEY ONLY ANSWER.
SO WITH A LOT OF THESE SITES THAT ARE DESIGNATED BY THE CITY AS, HEY, THIS IS WHERE THE CITY PLANNING OR ZONING COMMISSION, I SAID, THIS IS WHERE WE WANT MULTIFAMILY.
AND THE ONLY ANSWER ARE THESE TYPE OF PROJECTS.
UH, I THINK WE SHOULD VOTE YES, AND I THINK IT'S GONNA SOLVE A GREAT NEED IN THE MARKETPLACE.
LIGHT BURN, UM, SAYING THAT BRAD, UM, HAD HIS HAND UP.
UH, I, I JUST CAN'T SEE IT RIGHT HERE, BRAD.
UH, DO YOU WANNA SPEAK? YEAH, JUST BRIEFLY.
UM, BECAUSE I THINK I VOTED AGAINST THIS PROJECT WHEN IT WAS, UH, PROPOSED BY A PRIOR APPLICANT AT THIS SITE, UM, FOR A LOT OF THE REASONS DIRECTOR PAGE OUTLINED, SECRETARY PAGE OUTLINED, UH, I, I'M SUPPORTIVE OF THIS PROJECT AND ITS CURRENT ITERATION.
UM, FIRST AND FOREMOST, I'M, I'M PLEASED TO SEE THAT L D G HAS WORKED TO ADDRESS SOME OF THE ACCESSIBILITY CONCERNS THAT ARE WITHIN THEIR CONTROL.
CAN'T, CAN'T MAKE DART START A BUS LINE, BUT BUILDING A SIDEWALK I THINK IS A HUGE PLUS.
UM, I THINK THAT HELPS TO BRIDGE SOME OF THE, THE PROXIMITY GAP TO THE HIGH SCHOOL AND THE ELEMENTARY SCHOOL AND THE ELEMENTARY SCHOOL.
UH, UH, THE OTHER THING, THE OTHER THING I WOULD JUST NOTICED, ISGS BEEN A GOOD PARTNER ON SOME OTHER COMPLICATED PROJECTS THAT WE'VE DONE.
UM, AND SO I HAVE A, AND SO I, CONFIDENCE, CONFIDENCE THAT'LL BE SOME OF THE OTHER ISSUES DISCUSSED, UM, AT THIS SITE.
UM, AND SO I'M SUPPORTING IT IN PART BECAUSE IT'S L D G DOING IT, AND I THINK THEY CAN, THEY CAN SORT THIS THROUGH.
UH, I'VE TALKED BEFORE ABOUT MAKING SURE THAT WE'RE BUILDING PROJECTS THAT WE'RE PROUD OF AND THAT AESTHETICALLY OR SEEN AS CON CONTRIBUTORS TO NEIGHBORHOODS SO THAT WE'RE NOT SEEN AS A NUISANCE COMING IN.
UH, I THINK B MAYBE YOU'VE GOT, YOU'VE GOT YOUR MIC ON.
COULD EVERYONE PLEASE MUTE? YEAH, COULD, IF YOU'RE NOT TALKING EVERYONE MUTE IF YOU'RE NOT TALKING.
SO IT LOOKED TO ME LIKE THE, THE RENDERINGS WE GOT FOR THIS PROJECT AND THE NEXT LDG PROJECT AND THE PACKET WERE THE SAME RENDERINGS.
AND IT MAY BE THAT THEY'RE, WE'RE GONNA BUILD IDENTICAL PRODUCTS.
UM, I'D ASK LDG TO CLARIFY THAT, BUT IN, IN ANY RESPECT, CAN WE PICK AN EXTERIOR FINISH AND NOT DO THE, UM, THE THREE-TIERED, UH, THING THAT HAS BEEN POPULAR FOR A NUMBER OF YEARS IN DALLAS.
AND THAT I THINK LIMITS THE, THE AESTHETIC USEFUL LIFE OF, UM, A PROJECT.
UH, AND JUST, IT, IT SORT OF CONTRIBUTES TO THE RAPID VISUAL AGING OF THE PRODUCT.
AND I THINK IN 10 YEARS IT INCREASES THE RISK THAT OUR PROJECTS ARE SEEN AS TO DETRACTING FROM A NEIGHBORHOOD, UM, AS OPPOSED TO SORT OF FITTING IN AND BEING A PLACE THAT OUR RESIDENTS ARE PROUD TO LIVE.
AND I'LL, I'LL TELL YOU THAT THAT'S JUST KIND OF A GENERIC RENDERING THAT WILL BE VASTLY IMPROVED.
AND SO ALL THE THINGS YOU'RE SAYING, I HEAR YOU, AND IT WILL, UH, HOPEFULLY WE WILL COME BACK IN THE FUTURE AND WE'RE CLOSING THE PROJECT.
YOU'LL, YOU'LL HAVE A MUCH BETTER ITERATION OF, OF WHAT THE FINAL PRODUCT'S GONNA LOOK LIKE.
UM, I'M NOT SEEING ANYONE WITH THEIR HAND RAISED.
UM, DOES ANYONE HERE TO MAKE ANY, UH, COMMENTS OR ANY MORE QUESTIONS?
[00:55:01]
I HAVE A COMMENT.IT'S, UM, ABOUT THE ECOLOGICAL PRESERVATION.
I'M REALLY PROUD OF L D G FOR REALLY STEPPING UP TO THE PLATE AND EARMARKING A CONSIDERABLE AMOUNT OF ACREAGE TO PARK IN GREEN SPACE AND KIND OF REALLY HELPING KEEP THE NEIGHBORHOOD FEEL REALLY HOMEY AND LIKE A NEIGHBORHOOD.
I THINK THAT'S REALLY IMPORTANT, ESPECIALLY WHEN YOU'RE TALKING ABOUT A LITECH DEAL BECAUSE I KNOW PEOPLE SOMETIMES TEND TO TREAT THESE PROJECT AS NIMBY BUILDINGS, AND I THINK THIS GOES A LONG WAY TO SHOWING THAT L D G REALLY CARES ABOUT THE NEIGHBORHOOD AND THE RECREATIONAL SPACE OF THE STUDENTS AND THE FAMILIES IN THE AREA.
UM, ANY OTHER COMMENTS GOING ONCE, TWICE.
UM, DO WE HAVE ANY, UM, MOTIONS ON THE FLOOR? UM, I'LL MOVE TO, UM, TO APPROVE THIS, UH, THIS AGENDA ITEM.
DO WE HAVE A SECOND? I SECOND THAT.
SO ALL IN FAVOR OF APPROVING THE ITEM.
I'M GONNA VOTE NO, ALSO THIS IS B MARTINEZ.
UM, IS EVERYBODY COMFORTABLE WITH THE, THE VERBAL OR DO WE NEED YOU TO ROLL CALL? I JUST TO CLARIFY THE TWO NAYS WERE DIRECTOR LBO AND, UH, TREASURER GARCIA OR MARTINEZ, SORRY.
THAT'S WHAT I HAVE, SO WE SHOULD OKAY.
IT SOUNDS LIKE THIS ONE IS GOOD TO GO.
AND, UM, SEEING NOTHING ELSE, WE'LL MOVE ON TO ITEM NUMBER SEVEN, CONSIDERATION AND POSSIBLE ADOPTION OF A RESOLUTION DECLARING INTENT TO ISSUE BONDS FOR A LOAN TO L D G, THE TERRACE AT HIGHLAND HILLS LP TO PROVIDE FINANCING FOR A MULTIFAMILY RESIDENTIAL RENTAL DEVELOPMENT FOR PERSONS OF LOW AND MODERATE INCOME.
THE TERRACE AT HIGHLAND HILLS LOCATED AT 3,100 PER SIMMON ROAD IN AN AGGREGATE PRINCIPLE AMOUNT NOT TO EXCEED 60 MILLION, AUTHORIZING THE FILING OF AN APPLICATION FOR AN ALLOCATION OF PRIVATE ACTIVITY BONDS WITH THE TEXAS BOND REVIEW BOARD AND CONTAINING OTHER PROVISIONS RELATED TO THE SUBJECT.
AGAIN, WE HAVE AN APPLICATION FROM L D G HERE.
THIS WILL BE A 300 UNIT DEVELOPMENT WHERE 270 UNITS WILL BE AT 60% A M I, THE REMAINING 30 UNITS WILL BE AT MARKET RATE.
THE TOTAL DEVELOPMENT COSTS 78 MILLION.
UM, AGAIN, SIMILAR AMENITIES WITH THE CLUBHOUSE, POOL AND WHATNOT.
UM, THEY WILL BE PROVIDING RESIDENT SERVICES, UM, ADULT EDUCATION CLASSES, FOOD PANTRY, UM, ALL OF THOSE THINGS THAT, UH, WE REQUIRE AS PART OF THIS APPLICATION.
UM, IT IS TO BE NOTED THAT AN EXISTING LITECH NEAR PROPERTY IS AGING, UM, AND WILL EXIT THE PROGRAM IN FIVE TO SEVEN YEARS.
UM, AGAIN, LET'S, LET'S, UH, GET RIGHT INTO THE, UH, DISCUSSION.
UM, AS I THINK YOU'RE AWARE OF THIS SITE HERE, UM, ANYBODY WANNA START ASKING QUESTIONS FOR THE DEVELOPER OR ANY COMMENTS ANYONE WANTS TO MAKE? I HAVE A QUESTION.
AS FAR AS THE ELDERLY AND DISABLED RESIDENTS, CAN L D G GIVE US AN IDEA OF ABOUT WHAT PERCENTAGE OF THE TOTAL RESIDENTS THEY THINK THAT WILL BE AS, AS FAR AS TOTAL RESIDENTS? I, I HATE TO SPECULATE ON SOMETHING LIKE THAT.
I, I CAN TELL YOU JUST, OF COURSE, I SAID I HATE TO SPECULATE.
UM, BUT GENERALLY IT'S A PRETTY SMALL PERCENTAGE.
I BELIEVE WE SET ASIDE 5% OF THE TOTAL UNITS, UM, FOR DISABLED RESIDENTS AT OUR PROPERTIES, EACH OF THE PROPERTIES, WHICH IS, UH, I BELIEVE IT'S MANDATED BY THE TAX CREDIT PROGRAM.
SO, UM, I DON'T KNOW THE EXACT NUMBER OF, OF WHAT THAT WOULD LOOK LIKE IS HOW MANY, BUT ABOUT 5% OF THE UNITS WILL BE SET ASIDE FOR IT.
AND, UH, JUST A FOLLOW UP QUESTION ON THAT.
WITH YOUR CURRENT PROPERTIES, DO YOU FIND THAT 5% IS ADEQUATE OR IS THERE A WAIT LIST FROM ELDERLY DISABLED? NO, I HAVE NOT HAD ANY, NO, I HAVE NOT HAD ANY EXPERIENCE WITH A WAIT LIST AS FAR AS ELDERLY OR DISABLED GO.
SO, SO BASED ON THAT, I WOULD SAY THAT WHAT WE'VE GOT AT EXISTING PROPERTIES IS ADEQUATE.
[01:00:02]
UH, IS THIS THE PROJECT MENTIONED SOME TIME AGO? UH, FOR THE, UH, ELDERLY? NO, THIS, THIS WOULD NOT BE RESTRICTED, IT WOULD NOT BE AGE RESTRICTED AT ALL.IT, IT WOULD BE FOR INDIVIDUALS AND OR FOR ANYBODY.
UH, SO IT'S, IT'S NOT SET ASIDE FOR THE ELDERLY? NO.
CAUSE I, IT WAS MENTIONED IN ONE OF THE DISTRICT'S MEETING THAT THERE WOULD BE A PROJECT FOR THE ELDERLY COMING IN THIS AREA.
OH, NO, THAT'S, NO, THAT'S NOT THIS ONE.
LIOR, THE L TECH THAT YOU MENTIONED, IS THAT THE ONLY ONE IN, AND I DON'T REMEMBER THE POLICY ON THE RADIUS, UM, BUT IS THIS ISN'T THE ONLY ONE IN THAT AREA, CORRECT? YOU'RE CORRECT.
THIS ISN'T THE ONLY LITECH PROPERTY THERE IS, UH, WE DO HAVE OUR T O D DEVELOPMENT, THE RIDGE LANCASTER, WITH L D G THAT IS JUST OVER A MILE AWAY, I BELIEVE, FROM THIS SITE AT THE CAMP WISDOM DART RAIL STATION.
THEIR FINAL, THEY'LL LOSE ALL OF THEIR AFFORDABILITY AND RESTRICTIONS, I THINK IN 2028, I THINK OFF THE TOP OF MY HEAD.
I'M TRYING TO PULL IT UP HERE, BUT MY COMPUTER'S NOT WORKING.
AND THEN THERE'S SEVERAL OTHERS THAT HAVE ALREADY, THAT ARE TECHNICALLY LITECH, BUT HAVE EXITED THE PROGRAM, THE ONES THAT ARE KIND OF UP NEAR LEDBETTER MM-HMM.
BUT, UM, IT'S, AND THEN THERE IS ALSO A SENIOR, UH, THE MAGNOLIA TRACE APARTMENTS, WHICH ARE ALSO NEAR THE CAMP WISDOM DART RAIL STATION.
THOSE ARE KIND OF RIGHT IN THE MIDDLE OF THEIR COMPLIANCE PERIODS.
SO, UH, IT'S KIND OF A, A WIDE RANGE, BUT THE, THE ONES THAT ARE CLOSEST TO THIS, THIS PROPERTY ARE AGING OUT OF THE PROGRAM.
AND, UH, WE'RE HOPEFUL TO BRING IN, UH, HOPEFULLY TRY TO REHABIL ACQUIRE AND REVITALIZE AND PRESERVE AFFORDABILITY THERE, BUT IT'S REALLY ALL UP TO THE PRI THE PRIVATE PROPERTY OWNERS AS TO WHAT HAPPENS THERE.
SO, UM, THAT'S KIND OF A RUNDOWN OF, OF WHAT'S IN THE AREA.
BECAUSE I KNOW THERE WAS DISCUSSIONS, UM, WITH A LOT OF OUR DISTRICTS IN THE SOUTHERN SECTOR ABOUT THE CONCENTRATION AND THE NUMBER, UM, OF THESE UNITS.
UM, SO I JUST WANTED TO MAKE SURE IT WASN'T JUST THIS ONE THAT WE ADDRESS ALL THE OTHERS, UM, IN THE AREA AS WELL.
YEAH, THE, AND, AND LIKE I SAID THERE, I'M, I, I WILL BE COMPLETELY HONEST, THERE ARE OTHER LITECH DEVELOPMENTS IN THE AREA.
SOME OF, THERE'S, THERE'S ONE THAT WE ACTUALLY CONSIDERED FOR A BOND INDUCEMENT LAST YEAR THAT ULTIMATELY ENDED UP CLOSING WITH DALLAS HOUSING AUTHORITY.
SO THAT WILL, THAT HASN'T CLOSED YET.
SO THAT'LL EVENTUALLY BE, I GUESS, ANOTHER DOT ON THE MAP SHOWING LITECH.
BUT THAT'S A ACQUISITION AND PRESERVATION DEVELOPMENT THAT IS GOING TO RENOVATE WHAT THEY, THOSE APARTMENTS THAT THEY REFERRED TO AS THE PINKS THAT HAD ALL THE ISSUES.
SO THERE'S ACTIVITY IN THE AREA, UH, HOWEVER, UM, YOU KNOW, THIS IS, THIS WILL ADD NEW HOUSING STOCK, UH, THAT WILL HOPEFULLY LOOK AND FEEL BETTER AND PROVIDE, UH, BETTER RESIDENT SERVICES TO, TO, UH, THE FUTURE TENANTS.
UH, THIS IS, UH, DIRECTOR LEWIS.
SO MY QUESTION IS KIND OF PIGGYBACK ON THE CURRENT CONVERSATION OR DISCUSSION.
UM, SO IS IT NOT, YOU KNOW, A NORM WHEN YOU HAVE SEVERAL VITECH DEALS IN THE AREA FOR, UM, THE CITY TO KIND OF WORK WITH THESE CURRENT, YOU KNOW, PROPERTY OWNERS TO EXTEND OR, OR, OR REDEVELOP, YOU KNOW, BECAUSE I THINK IN THIS AREA IT'S KIND OF OVERLY SATURATED.
I MEAN, ALTHOUGH, ALTHOUGH THIS WILL BE A NEW DEVELOPMENT, I THINK WE'RE STILL KIND OF OVERSATURATED WITH MORE AFFORDABLE HOUSING IN THIS AREA RATHER THAN KIND OF MORE RESIDENTIAL, YOU KNOW, OWNER OCCUPIED THAT IS KIND OF
SO, YOU KNOW, KIND OF, KIND OF WORRY OF THAT.
UM, HAS THAT BEEN DISCUSSED? YOU KNOW, IN ADDITION TO WHAT OTHER DISCUSSIONS I, I GUESS TO ANSWER THAT IS WE DID, I MEAN, THIS WAS REVIEWED BY OUR OFFICE OF FAIR HOUSING, AND IT WAS FOUND BASED ON THE SERVICES THAT LDG WERE GONNA, WILL PROVIDE, UH, THE, THE DART, I MEAN, IT HAS ACCESS TO, TO HIGH FREQUENCY BUS, BUT IT ALSO HAS THE INLAND PORT GO LINK, WHICH ACTUALLY CAN PROVIDE DOOR TO DOOR, UH, SERVICE FROM THIS PROPERTY TO PARTICIPATING BUSINESSES IN THE INLAND PORT.
SO THAT PLUS RESIDENT SERVICES, UM, THEY HAVE FOUND THAT AT FIRMLY FURTHER FAIR HOUSING AND THEY TAKE INTO CONSIDERATION
[01:05:01]
THE LITECH IN THE AREA.I THINK THERE'S, THERE'S PROBABLY A LOT OF CONFUSION TOO, BECAUSE SOME OF THE PROPERTIES SUCH AS, YOU KNOW, THE MOUNTAIN CREEK OR WHATEVER, THOSE, THE, THE ADJACENT PROPERTY HAD LITERALLY A GAS EXPLOSION.
AND I MEAN, THAT'S NOT A LITECH DEVELOPMENT.
UH, THIS IS, I MEAN, IT'S, A LOT OF IT IS, YOU KNOW, NATURALLY OCCURRING AFFORDABLE HOUSING THAT WE HAVE ZERO CONTROL OVER, AND THAT'S, THAT, THAT CAN CAUSE A LOT OF PROBLEMS WITH US.
BUT IF WE'RE PARTNERED ON THE PROJECT, WE CAN CONFIRM AND MAKE SURE THAT, YOU KNOW, WE HAVE RESPONSIBLE, UH, PROPERTY MANAGEMENT ON SITE CAN, CAN, YOU KNOW, AFFECT CHANGE IF NECESSARY, IF WE SEE, UH, THINGS GOING, GOING SOUTH.
AND THEN WE ALSO HAVE, YOU KNOW, THERE'S OTHER, THERE'S OTHER PROGRAMS THAT THE CITY HAS, LIKE, WE'RE NOT, WE DO MORE THAN JUST LITECH.
SO THE HOUSING DEPARTMENT HAS, UH, HAS ALLOCATED ARPA FUNDS TO THE FIVE MILE NEIGHBORHOOD TO, TO, TO INSTALL MORE INFRASTRUCTURE, BUILD SINGLE FAMILY HOMES.
UH, THE MAJORITY OF OUR, UH, OF OUR HOME REPAIR AND PRESERVATION PROGRAM, THOSE FUNDS ARE ALLOCATED ALMOST EX, I'M NOT GONNA SAY EXCLUSIVELY, BUT A LOT OF THAT OCCURS IN THE SOUTHERN SECTOR.
SO WHEN WE LOOK AT THIS, WE CAN LOOK AT IT AS JUST ONE, ONE PROJECT, BUT ONE PROJECT DOESN'T FIX EVERYTHING.
UH, IT'S A, A COMBINED EFFORT OF, UH, OF ALL THE TOOLS WE HAVE TO BE ABLE TO PROVIDE AFFORDABLE HOUSING AND ALSO, UM, YOU KNOW, CREATE NEW OPPORTUNITIES FOR RESIDENTS IN AN AREA OF THE CITY THAT, YOU KNOW, HAS SEEN A LACK OF INVESTMENT.
SO WE'RE TRYING TO TARGET THAT AND, AND LOOK AT IT THAT WAY.
SO I GUESS IT'S TO LONG ANSWER.
AND I KNOW WE'RE, WE'RE RUNNING OUT OF TIME HERE, SO, UH, THAT WOULD BE MY RESPONSE.
UM, I WAS WONDERING WHAT THE RATINGS ARE FOR THOSE SCHOOLS, UH, GOING, GOING OFF MEMORY.
I BELIEVE THEY'RE ALL MET STANDARD, BUT, UH, I CAN DOUBLE CHECK AND GET BACK TO YOU ON THAT DIRECTOR OFTEN.
YEAH, BECAUSE, UM, I WANT, YOU KNOW, OVER THE YEARS, WILMER HUTCHINS HAS SOMETIMES HAD PROBLEMS. I DON'T KNOW WHERE IT STANDS RIGHT NOW, BUT, UH, BUT I WOULD, UH, BE INTERESTED TO KNOW HOW THOSE SCHOOLS RANK THAT YOU JUST ASKED THE QUESTION.
AS FAR AS I KNOW, UH, THE WILMAR HUTCHINS SCHOOL, UH, HAS, IT'S NOW JUST WILMER.
UH, HUTCHINS HAS THEIR OWN ELEMENTARY SCHOOL, A BRAND NEW SCHOOL, AND THERE ARE PLANS TO BUILD A MIDDLE SCHOOL IN THE NEAR FUTURE.
THAT IS A LITTLE BIT OF INFORMATION.
SO ARE YOU SAYING, UH, DIRECTOR BANKS, ARE YOU SAYING THAT UH, THERE'S A WILMER HIGH SCHOOL? NO, THERE IS A WILMER, UH, I'M SORRY, NOT WILMER, BUT A HUTCHINS ELEMENTARY SCHOOL.
BUT WHAT'S THE HIGH SCHOOL, DO YOU THINK? UH, THAT'S WILMER.
AND YOU'RE SPEAKING, I'M HOPING THAT I, I HOPE I HAVE THE NAMES RIGHT, BECAUSE I HAVE WORKED AT THE NEWEST, NEWEST SCHOOL THERE AND IT'S VERY NICE.
UH, SO, AND IT'S THE ELEMENTARY, RIGHT? THERE WAS A COMBINATION OF THE HIGH SCHOOL AND ELEMENTARY OF BOTH OF THOSE CITIES.
AND SO THEY ARE NOW, UH, UH, GIVING UP THE RESPONSIBILITY, UH, WITH THE DISTRICT TO HAVE THEIR OWN SCHOOLS IN EACH AREA.
YEAH, PRESIDENT HEALTH, AND THIS IS DIRECTOR LEWIS.
JUST TO ADD ON TO THAT, UM, THERE'S A NEW CHOICE SCHOOL, UH, THE FREDERICK DOUGLASS, UM, UH, ON, ON THE CAMPUS WITH PAUL QUINN.
SO THAT'S A NEW CHOICE SCHOOL RIGHT DOWN THE STREET THERE.
AND, UH, SO AS A CHOICE SCHOOL, I GUESS, YOU KNOW, NOT ALL OF THE TENANTS WOULD BE ABLE TO UTILIZE THAT, BUT YOU'RE SAYING IT WOULD BE AN OPTION? YES.
UM, DIRECTOR LEBERT, I SAW A MESSAGE POP UP, BUT I DIDN'T, I DIDN'T GET A CHANCE TO READ IT.
UH, DID YOU HAVE A COMMENT OR QUESTION? NO PROBLEM.
THEY ASKED ABOUT THE SCHOOL, UH, RATINGS AND I JUST SAID I CAN, I CAN JUST TEXT THE PRINCIPALS, UM, AND THEN SEND THAT OVER.
I HAD, UH, A QUESTION OR A COMMENT ON THIS SIMILAR TO SOME OF THE CONCERNS THAT WERE EXPRESSED ABOUT, UM, THE PREVALENCE OF OTHER LITECH PROJECTS IN THE AREA.
AND I JUST KEEP IN MIND THAT WHEN WE, WHEN WE INDUCE A PROJECT LIKE THIS, WE'RE TYING UP THE SITE FOR A NUMBER OF YEARS, UH, GIVEN THE PROXIMITY TO PAUL QUINN AND SOME OF THE PROJECTS THAT KYLE MENTIONED THAT ARE GETTING CITY AND FEDERAL DOLLARS TO TRY TO, UM, IMPROVE THE QUALITY OF LIFE IN THIS NEIGHBORHOOD.
I THINK WHAT WOULD BE HELPFUL FOR ME TO SEE WOULD BE AN OVERLAY OF THE MAP OF THE AREA THAT SHOWS, UM,
[01:10:01]
HOW LONG SOME OF THE SURROUNDING SITES ARE TIED UP BECAUSE OF, UH, LITECH OR OTHER SIMILAR, UH, LURES.UH, JUST TO UNDERSTAND REALLY WHAT WE'RE DOING TO THE LONG-TERM FUTURE OF THE NEIGHBORHOOD MAY, MAYBE THIS PROJECT FITS WELL WITH SOME OF THESE OTHER EFFORTS THAT ARE UNDERWAY OR, OR MAYBE, UM, WE'RE PULLING OUT A PUZZLE PIECE FOR, UH, 15 PLUS YEARS AND PREVENTING SOME OTHER, UM, USE FROM GOING IN THERE.
I WAS JUST THINKING ABOUT THAT A FEW MINUTES AGO.
IT WOULD BE A GOOD REPORT FOR ALL OF US TO HAVE TO KNOW EXACTLY WHAT WE'RE DOING.
SO I WOULD LIKE TO SEE THAT REPORT MYSELF, DR.
BANKS, WE CAN CERTAINLY PREPARE THAT AND PROVIDE THAT.
UM, I, I WILL SAY THAT THE EVENTUAL USE OF THIS SITE IS GONNA BE MULTI-FAMILY, CUZ IT IS ZONE MULTIFAMILY.
AND I DON'T, I, I AM NOT, I I DON'T RECALL SEEING ANYTHING EVER GET CHANGED FROM MULTIFAMILY TO ANYTHING ELSE.
BUT AS FAR AS LURA IS LOCKING UP LAND, I, I CERTAINLY GET THAT.
AND AS PART OF, YOU KNOW, IF WE BRING THIS BACK FOR A PARTNERSHIP AND ACTUALLY CLOSE ON THE PROPERTY, THEN WE CAN HAVE MORE OF THAT DATA.
BUT RIGHT NOW WE'RE JUST TRYING TO GIVE US THE H FFC AN OPPORTUNITY TO ENTER INTO THE LOTTERY AND, AND SEE IF WE CAN GET AN INDUCEMENT FOR THIS, THIS PROJECT.
SO, UM, THAT CAN BE SOMETHING THAT CAN BE PROVIDED AS WE POTENTIALLY MOVE FORWARD.
I MEAN, JUST TO GET A SENSE FOR WHAT THE BOARD'S FEELING RIGHT NOW.
ARE WE COMFORTABLE INDUCING THE PROJECT RIGHT NOW SO THEY CAN ENTER THE LOTTERY KNOWING THAT WE HAVE OTHER BITES AT THE APPLE TO PUMP THE BRAKES IF WE NEED TO? OR WOULD WE POTENTIALLY BE MORE COMFORTABLE POSTPONING IT TO A, TO, ARE WE GONNA HAVE AN OCTOBER INDUCEMENT MEETING? YES, BUT, UH, OUR BOND COUNCIL PREFERS TO HAVE THEM, UH, APPROVED, UH, AT, AT THIS TIME SO WE CAN HAVE AMPLE TIME TO GET THE APPLICATIONS IN AND NOT, UM, SUBMIT, GET EVERYTHING CREATED PRIOR TO THE, THE MEETING OR WHATEVER.
I HOPE I DON'T SPEAK OUT OF TURN FOR GEORGE.
I WOULDN'T BE IN, IN SUPPORT UNTIL WE HAVE ALL THAT, THE INFORMATION, ESPECIALLY AROUND THE SCHOOLS, AROUND STORES AROUND THE NUMBER OF L TECH ALSO TO MAKE SURE THAT WE'RE NOT VIOLATING, UM, ANY POLICIES, UM, WITH THE NUMBER OF LITECH, REGARDLESS IF THEY'RE EXITING OUT FIVE TO SEVEN YEARS OR 10 TO 15.
JUST SO WE CAN KIND OF SEE, UM, WHAT THAT IS.
CUZ WE DON'T, YOU KNOW, WANT TO HAVE SOMETHING ENTER IT TURNS OUT THAT IT'LL BE A WASTE OF TIME.
MY OPINION, LIKE I SAID, IT HAS, GEORGE RODRIGUEZ FROM, FROM MY PERSPECTIVE, MUCH PREFER TO HAVE SOMETHING APPROVED TODAY AS OPPOSED TO OCTOBER.
BUT, YOU KNOW, IF, IF THE BOARD FEELS LIKE THEY NEED TO GET MORE INFORMATION, UM, IT'S, IT REALLY ENDS UP BECOMING LD G'S RISK BECAUSE THEY HAVE TO PAY US TO PREPARE THE APPLICATION BEFORE THE MEETING HAS EVEN OCCURRED.
I MEAN, I THINK JAKE AND LDG IS, THEY'RE COMFORTABLE WITH THE RISK.
I THINK WE SHOULD INDU, LET'S NOT CRAM, UH, BEFORE THE BIG TEST ON OCTOBER, LET'S JUST MOVE THIS FORWARD.
WE'RE GOING TO HAVE TO APPROVE THE PARTNERSHIP IN OCTOBER.
AT WHICH POINT JAKE KNOWS NOW ALL THE CONCERNS IT NEEDS TO BE LAID OUT.
I'D SAY ADVANCE THE BALL, UH, YOU KNOW, AND GET MOVING.
AND JUST ADD, I WOULD, I WOULD APPROVE IF WE COULD GET THE INFORMATION THAT DR.
LIGHTBAR IS ASKING YOU BETWEEN NOW AND OCTOBER.
JUST LET'S GET JAKE TO COMMIT THAT JAKE.
YEAH, I MEAN I CAN, I CAN GET YOU GUYS WHATEVER INFORMATION THAT YOU NEED.
I, I JUST, UH, YOU KNOW, I THINK FOR US ON OUR SIDE OF IT, IF, IF WE WERE ABLE TO MOVE FORWARD WITH APPROVAL OF THE, JUST THE INDUCEMENT TODAY, UM, YOU KNOW, THERE WILL BE ANOTHER OPPORTUNITY WHEN WE WOULD COME BACK FOR YOU GUYS TO EVEN CONSIDER, UH, APPROVING THE PARTNERSHIP.
AND SO I, I THINK AT THAT POINT I WOULD CERTAINLY HAVE THAT LONG BEFORE THAT TIME.
UM, SO I GUESS WHAT I'M TRYING TO SAY IS IF THE INDUCEMENT WAS APPROVED TODAY, UM, YOU STILL HAVE GOT ANOTHER OPPORTUNITY TO VET IT AND, AND FRANKLY, IF YOU DON'T LIKE WHAT YOU HEAR AT THAT TIME, THEN YOU HAVE THE, THE OPPORTUNITY TO DENY IT AT THAT TIME.
SO I, I THINK ON THE INDUCEMENT SIDE, UM, YOU KNOW, IT, IT'S REALLY JUST KINDA GIVING US A PUNCHER'S CHANCE JUST TO EVEN PARTICIPATE IN THE LOTTERY TODAY.
THAT, THAT'S, THAT'S REALLY ALL I'M AFTER.
BUT I DO, I DO HEAR THE CONCERNS, I DO TAKE 'EM SERIOUSLY.
UM, CERTAINLY WILL GATHER UP ALL OF THAT INFORMATION AND, AND PUT IT TOGETHER AND WORK WITH KYLE AND AARON TO PROVIDE IT TO YOU GUYS.
UM, JAKE QUESTION JUST FOR KIND OF FOR THE BOARD'S COMFORT, WILL THIS DEAL WORK WITHOUT PARTNERING WITH US? UH, NO, IT WON'T.
[01:15:01]
THE OTHER PIECE IS IF, YOU KNOW, I I CAN'T DO THE DEAL UNLESS YOU GUYS ARE, WERE WILLING TO BE PART OF IT.SO IT'S KIND OF THE, THE LAST, UH, YOU GET THE LAST VOTE SO TO SAY, SO TO SPEAK.
AGAIN, UM, FOR THE REST OF THE BOARD, WOULD YOU FEEL COMFORTABLE WITH A PRELIMINARY INDUCEMENT KNOWING THAT WE HAVE MULTIPLE BYTES AT THE APPLE? OR DO YOU NOT FEEL COMFORTABLE MOVING FORWARD AT ALL? I FEEL COMFORTABLE MOVING FORWARD WITH THE PENDING INFORMATION, YES.
UH, AND ALSO JUST FOR EVERYBODY'S, FOR EVERYBODY'S REFERENCE IT, WE HAVE EVERYTHING WE NEED TO HAVE THIS SATISFY THE COMPREHENSIVE HOUSING POLICY BECAUSE THEY NEED TO SUBMIT A COMPLETE APPLICATION, UH, AND ALSO BE FOUND TO AFFIRMATIVELY FURTHER FAIR HOUSING, WHICH OUR OFFICE OF FAIR HOUSING HAS GIVEN THIS DEVELOPMENT, THE BOARD ITSELF.
AS WE REVIEW THIS PROJECT MOVING FORWARD AT A LATER DATE, UH, WHEN WE, WHEN WE ANALYZE THIS AND TAKE A LOOK AT THE PARTNERSHIP AGREEMENT, WHAT'S ACTUALLY GONNA BE DEVELOPED RIGHT NOW WE HAVE, AS YOU SAW AT THIS POINT, DEVELOPERS DON'T HAVE THAT DETAILED OF, UH, RENDERINGS AND, UH, WE DON'T HAVE LIKE, IT'S, WE'RE SO FAR AWAY FROM ACTUALLY CLOSING ON THIS THAT WE HAVE PLENTY OF TIME TO TWEAK THIS AND, AND PROVIDE, YOU KNOW, AMENITIES AND SERVICES THAT WILL BE NEEDED AT THE SITE.
THIS IS JUST GIVING US THE OPPORTUNITY AT A FUTURE DATE TO REVISIT THIS.
I MEAN, JUST LIKE WITH THE STANDARD AT ROYAL LAST YEAR OR A COUPLE OTHER DEALS THAT WE HAVE, THEY COULD GET THE LAST LOTTERY BALL AND WE'RE NOT, WE'RE WE'RE DONE.
WE DON'T EVEN HAVE TO TALK ABOUT THIS EVER AGAIN.
SO, UH, THIS JUST GIVES US THE OPPORTUNITY TO, UH, TO REC TO RECEIVE A POTENTIAL RESERVATION FOR THE PROJECT.
LIKE I SAID, WE'LL HAVE TO BRING THIS BACK TO APPROVE A PRELIMINARY MOU IN PARTNERSHIP AND THEN WE'LL ALSO HAVE TO COME BACK, UH, THROUGH, UH, FOR FINAL APPROVAL OF ALL DOCS IF WE'RE SO LUCKY TO RECEIVE THAT RESERVATION.
UH, IT'LL ALSO HAVE TO GO THROUGH THE HOUSING COMMITTEE AND, UH, THE CITY COUNCIL ITSELF FOR A RESOLUTION OF NO OBJECTION.
THERE'S A LOT OF THINGS THAT HAVE TO HAPPEN.
ALL WE'RE TRYING TO DO IS BE ABLE TO MOVE IT FORWARD TO, TO CONTINUE WORKING ON THE DEVELOPMENT TO MAKE SURE THAT WE, WE GET IT RIGHT.
IF IT'S, IF IT TURNS OUT THAT, YOU KNOW, THIS ISN'T QUITE THE RIGHT PROJECT FOR THIS SITE, SO BE IT, WE DON'T HAVE TO MOVE FORWARD.
BUT LDG IS COMFORTABLE WORKING WITH THAT RISK AND, UH, KNOWING THAT THEY HAVE HOMEWORK TO DO TO, UH, GET A APPROVAL OF THE MOU.
SO AT THIS TIME WE'RE SO PRELIMINARY THAT, UM, THAT'S, I'M JUST TRYING TO KIND OF SET WHAT WE'RE ACTUALLY APPROVING HERE, SO THANKS.
BUT IT SOUNDS LIKE HOUSING AND NEIGHBORHOOD REVITAL REVITALIZATION ALREADY HAS DONE THE WORK.
SO FROM THAT WORK, CUZ I'M SURE THEY'VE LOOKED AT THE MAPS AS WELL, UM, AS YOU'RE SAYING, MAKING SURE THAT IT IS IN COMPLIANCE WITH THE, UH, C H P, UM, ET CETERA.
SO CAN Y'ALL JUST EMAIL US THAT, BECAUSE IT SOUNDS LIKE IT'S ALREADY DONE.
YEAH, I MEAN, I'LL SEND YOU THE CONFIRMATION FROM OUR OFFICE OF FAIR HOUSING, UH, STATING THAT IT HAS AFFIRMATIVELY FURTHER FAIR HOUSING BASED ON THEIR REVIEW OF THE APPLICATION CHECKLIST FROM L D G.
WE DON'T, WE DON'T TOUCH THAT, UH, THAT REVIEW OR THAT ANALYSIS.
IT'S SEPARATE FROM OUR DEPARTMENT.
SO I WILL TRY TO, THEY HAVE HAD A COUPLE RETIREMENTS RECENTLY, BUT WE WILL TRY TO GET THAT TO THE BOARD, NOT TRY WILL.
UM, ANY OTHER QUESTIONS OR COMMENTS? UM, ARE WE COMFORTABLE TO MOVE ON TO A VOTE? YEAH, THIS IS DOT LEWIS THIS LAST QUICK COMMENT.
SO, I MEAN, I'M OKAY WITH GETTING L E G A TIME TO GIVE A FAR PUNCH, BUT FROM MY STANDPOINT, I DON'T KNOW IF I'M STILL GONNA BE ABLE TO SUPPORT IT JUST BECAUSE OF THE SATURATION OF LINE TECH OVER THERE.
AND I THINK THAT WE NEED TO AT SOME POINT MAKE A KIND OF A STERN STANCE TO FORCE THE CITY TO KIND OF BE A LITTLE BIT MORE CREATIVE AND THINK OUTSIDE OF THE BOX, EVEN THOUGH STUFF IS ZONED MOST A FAMILY, BUT YOU COULD STILL HAVE THE DENSITY, UM, TO, TO UM, MAKE AVAILABLE FOR, FOR AFFORDABLE HOUSING TO AND STOCK WHATEVER.
SO, YOU KNOW, I, I WILL SUPPORT TO MOVE TO THE NEXT, UM, BITE OF APPLE.
BUT, UH, I'M, I'M, I'M STILL NOT REALLY IN SUPPORT OF IT OVERALL.
UH, DO WE HAVE A MOTION ON THE FLOOR? I MOTION TO VOTE ON THE AGENDA ITEM.
SORRY, I WAS MOTIONING FOR US TO APPROVE.
[01:20:01]
THE MARTINEZ DR.BANKS, UH, DO WE HAVE THAT? YES.
SO WE'LL DO A ROLL CALL VOTE ON THIS ONE.
UM, PRESIDENT HELLEN, HOW DO YOU VOTE? YES, BUT I'M DEFINITELY COGNIZANT OF ALL THESE CONCERNS THAT WE'VE EXPRESSED.
SO AT THE NEXT PHASE I WOULD WANT TO SEE THEM ADDRESSED.
UM, DIRECTOR NISHKE, UH, I'LL ABSTAIN CUZ I WON'T BE HERE NEXT MONTH WHEN YOU ALL GET THIS INFORMATION.
UM, DIRECTOR PAGE IS STEPPED OUT FOR A MINUTE.
SO IS THAT AN ABSTENTION? UH, AB ABSENT WHAT? AB ABSENT.
AND DIRECTOR COLLINS? I VOTE YES.
IT SOUNDS LIKE THE YESES HAVE IT ALL.
RYAN, I HAVE A POINT OF ORDER HERE.
UM, I'M, I'M GETTING MESSAGES FROM OUR CITY ATTORNEY.
SHE SAYS WE ACTUALLY HAVE TO TAKE A FORMAL VOTE ON THE VICE PRESIDENT, UH, POSITION.
UM, THAT'S ACCORDING TO OUR BYLAWS, SO I'M SORRY THAT WE HAVE TO DO THAT.
UM, WOULD SOMEONE MIND MAKING A MOTION REALLY QUICK? I MOVED, I MOVED TO, UH, NOMINATE, UM, UH, SECRETARY GARCIA AS VICE PRESIDENT DIRECTOR LEWIS.
UM, OKAY, I GUESS WE'LL MOVE INTO ELECTIONS.
UM, ALL THOSE IN FAVOR PLEASE SAY AYE.
THANK Y'ALL VERY MUCH FOR THE, FOR THE CONFIDENCE.
UM, NOW WE MOVE INTO ITEM NUMBER EIGHT.
ITEM NUMBER EIGHT, CONSIDERATION AND POSSIBLE ADOPTION OF A RESOLUTION.
DECLARING INTENT TO ISSUE BONDS FOR A LOAN TO ROCK ISLAND RIVERFRONT LP TO PROVIDE FINANCING FOR A MULTIFAMILY RENTAL DEVELOPMENT FOR PERSONS OF LOW AND MODERATE INCOME.
LOCATED AT 10 27 SOUTH RIVERFRONT BOULEVARD IN AN AGGREGATE PRINCIPLE AMOUNT NOT TO EXCEED 45 MILLION, AUTHORIZING THE FILING OF AN APPLICATION FOR AN ALLOCATION OF PRIVATE ACTIVITY BONDS WITH THE TEXAS BOND REVIEW BOARD AND CONTAINING OTHER PROVISIONS RELATED TO THE SUBJECT.