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YES.

[Dallas Park and Recreation Board on June 6, 2024.]

[00:00:02]

JUNE 6TH, WE CONVEN OUR AND ATIONS BOARD MEETING TO ORDER.

UH, FIRST BUSINESS, UH, IS FIRST OF ALL, I WANT TO THANK, I THINK WE HAD, UM, SOME SIGNIFICANT UNEXPECTED PROBLEM AND OUR MAINTENANCE STAFF OF GOD BLESS THEM, THEY'VE BEEN WORKING 24 7 AND YOU KNOW, I GO AROUND SOME BOXES AND THEY LOOK BETTER THAN THE SHEET WE ARE ALL.

SO THANK YOU FOR UNEXPECTED.

AND WHAT THAT, UH, PRESIDENT, SORRY, I KNOW THAT THERE ARE A NUMBER OF PARKS THAT ARE CLOSED RIGHT NOW.

DO WE HAVE A LIST? I MEAN, IT'S THERE PARKS THAT ARE, ARE CLOSED.

YEAH, IT END UP OKAY.

THAT QUESTION.

THEY'RE NOT MAKING IT TO ANY GOOD MORNING.

WE DON'T EXACTLY HOW MANY PARK CLOSED AREA, UM, THAT ARE TRY TO MAKE A PRIORITY.

ROADWAYS ARE OPEN, CAUTIOUS AS NO PARKS CLOSED BECAUSE WE WERE ASKED, WELL, IF IT, IF IT STATUE AS FAR AS UM, THERE'S A SATURATED, A PARK, DOG PARK THAT HAPPENS, YOU KNOW, QUITE OFTEN AT TIME.

SO IN FACT WE COME NOTES RIGHT, RIGHT HERE.

OKAY.

SO THE CAMERA GETS BACK UP UNLESS YOU ON THAT CAMERA.

OKAY.

OKAY.

ALRIGHT.

.

SO, THANK YOU.

2024 SHARON ADAMS, OR 26 YEARS SERVICE.

IN 1998, SHARON ADAMS BEGAN HER CAREER WITH THE CITY OF DALLAS AS A RESERVATION ASSISTANT, AN X LINE RECREATION CENTER WITHIN THE PARK AND RECREATION DEPARTMENT.

IN 1998, SHARON ADAMS SERVED AS A COMMUNITY PROGRAM SUPERVISOR FOR THE WALKER.

ALL RIGHT, THERE WE GO.

GOOD MORNING, EVERYONE.

PARK.

UH, MY NAME IS CHERYL AL.

I'M THE EXECUTIVE DIRECTOR FOR THE DALLAS EMPLOYEES RETIREMENT FUND.

AND IT IS WONDERFUL TO SEE EVERYBODY TODAY.

UH, TODAY, UH, WI IS THE, UH, E NOMINATING COMMITTEE MEETING.

AND SO, AS YOU KNOW, THERE ARE THREE EMPLOYEE ELECTED SPOTS THAT ARE ON THE DALLAS EMPLOYEES RETIREMENT FUND BOARD.

AND SO, UH, YOU ARE THE NOMINATING COMMITTEES TO SELECT WHO WILL BE NOMINATED AND PUT ON THE BALLOT.

AND THEN ALL EMPLOYEES, UH, WILL VOTE WHO THEY WOULD LIKE TO SERVE IN THIS POSITION.

UH, I DID WANNA LET YOU KNOW THE, UM, TWO OF THE CURRENT BOARD MEMBERS, WELL, FIRST, FIRST, LEADER, LEADER, THE POSITION THAT YOU'RE VOTING FOR.

I JUST WANNA HONOR DE CARLA BREWER.

PLEASE STAND.

CARLA AND SENIOR PROGRAMMING, ORGANIZING SKILLS, LIFELONG COMMITMENT AND PASSION TO SERVE THE CITY.

UH, CARLA HAS FLOCKED AND DILIGENTLY FOR ALL EMPLOYEES TO MAKE SURE THAT EVERYONE HAS A VOICE THAT, THAT SHE HAS SERVED HER FIDUCIARY DUTY WELL FOR.

UH, AND I JUST REALLY WANNA THANK CARLA FOR ALL HER GUIDANCE AND HELP.

I MEAN, WHEN I FIRST GOT HERE, SHE WAS LIKE, LEMME EXPLAIN THE HISTORY TO YOU AND HAS ALWAYS MAKING SURE THAT SHE EXPRESSED THE VOICE OF THE EMPLOYEE.

AND SO, CARLA, I KNOW YOU'RE GOING INTO RETIREMENT AND WE ARE IN THE RETIREMENT BUSINESS, SO WE WANT YOU TO GO HAPPILY INTO RETIREMENT, BUT WE JUST WANNA SAY WE'RE GONNA MISS YOU.

AND WE THANK YOU, THANK YOU, THANK YOU FOR ALL YOUR YEARS OF SERVICE.

'CAUSE SHE HAS DONE, I MEAN, THERE WAS SOME TIME, THERE WERE, IT WAS THE LONGEST MEETING, LIKE 14 HOUR MEETING.

I WASN'T HERE BUT , IT WAS LIKE A 14 HOUR MEETING.

AND SO SHE DOES THIS, YOU KNOW, ON HER, ON HER, YOU KNOW HER ON HER TIME, RIGHT? AND SO THERE'S

[00:05:01]

BEEN, UH, MONTHLY MEETINGS FOR THE ENTIRE TIME THAT WE'VE BEEN ON THAT, YOU KNOW, OR THREE OR FOUR HOURS.

AND SO IT IS A, IT IS A TIME COMMITMENT.

IT IS, UM, SHE CAN, SHE CAN TALK WITH THE BEST ACTUARY 'CAUSE SHE KNOWS ALL THE ACTUARIAL INFORMATION AT THIS POINT.

UM, AND SO HAVING SOMEONE THAT SITS ON THE BOARD THAT UNDERSTANDS IT, TAKE THE TIME AND WAS ALWAYS, ALWAYS THERE AND ALWAYS REPRESENTED THE EMPLOYEES, I JUST WANNA SAY THANK YOU.

THANK YOU, THANK YOU CARLA.

UH, WE HAVE TWO OTHER EMPLOYEE ELECTED MEMBERS THAT ARE IN THE ROOM.

I CAN SEE THEM.

UH, SUNIL, KING, SUNIL ON THE BACK.

SUNIL ISS FROM THE WATER DEPARTMENT.

AND SO HE CURRENTLY SERVES ON THE BOARD.

AND THEN, UH, TINA RICHARDSON AND OUR LEADERSHIP, SHE'S RUNNING UP, SHE RAN UP TO HER OFFICE, SO SHE WAS HERE EARLIER.

SO TINA RICHARDSON.

SO WE ARE HAVING THE ELECTION FOR CARLA SPA TODAY.

THAT, UH, SO WHAT I'M GONNA DO, YOU'LL HAVE, EVERYONE HAS THE AGENDA.

SO I WILL DO, UM, THE ROLL CALL AND FOR THE DELEGATES AND THEN, UH, NOMINATIONS AND ELECTION OF A CHAIR.

SO FOR THIS MEETING, I DO NOT RUN THE MEETING.

YOU WILL ELECT A CHAIR AND THE CHAIR WILL COME AND RUN THE MEETING.

AND AS FAR IN TERMS OF APPROVAL OF THE MINUTES, A NOMINATION OF MEMBERS, AND THEN PLACEMENT ORDER OF NOMINEES ON THE BALLOT.

AND THEN, AND THEN WHAT WE ALSO DO, UM, WHICH THE CHAIR WILL DO, WE FORM A SUBCOMMITTEE.

SO WE REALLY WANNA MAKE SURE THAT THE NOMINEES HAVE AN OPPORTUNITY TO TALK TO THE EMPLOYEES, EXPRESS THEIR VIEWS, SO THAT THE EMPLOYEES ARE VERY KNOWLEDGEABLE WHEN THEY GO TO VOTE.

SO USUALLY THE SUBCOMMITTEE WILL SET UP THREE OR FOUR MEETINGS WITH WHOEVER'S NOMINATED TO TALK ABOUT THEIR VIEWS.

AND PEOPLE WILL HAVE AN OPPORTUNITY TO ASK QUESTIONS OF THE PEOPLE THAT ARE RUNNING FOR THAT, UH, FOR THAT SEAT.

UH, SO THAT YOU CAN MAKE AN EDUCATED DECISION.

ALRIGHT? FIRST THING I'LL DO IS GO THROUGH ROLL CALL AND, UH, IF YOU ARE, SAY YOUR NAME, JUST PLEASE SAY I OR RAISE YOUR HAND.

UH, FIRST ONE IS 3 1 1 CUSTOMER SERVICE.

DERA FLOWERS.

DO YOU HAVE THE PARK RECREATION TRUST FUND OF THE CITY OF DALLAS? THIS IS THIS THE END, UH, STEVEN WALKER AND AS YOU UNDERSTAND, EXCELLENT.

EVERY YEAR AVIATION AND GIVE MARK HELP OF THE FUND.

DUSTIN KINZIE DO THAT.

RUBEN MOLINA BACKGROUND ON THIS CONTRACT.

WE HAVE HAD THIS CONTRACT WITH BANK OF TEXAS SINCE OCTOBER.

UH, BUILDING SERVICES NORMAN BUTLER CONTRACT.

OF COURSE, AT THAT POINT WE DID HAVE EVAN JARVIS RULES.

WE HAVE EXERCISED THAT ONE OR BRIAN THOMPSON.

AND THIS FUND IS HOLDING, UM, THE COMBINED FUNDS, THE STAFF, THAT SMALL THREE SMALL TRUST FUNDS THAT WE DID HAVE, WHICH WERE WELL, CITY ATTORNEY'S OFFICE, THAT'S, UH, SO CITY AUDITOR'S OFFICE, MAHA SPARKS INSIDE OF THE TRUST.

THEY WERE LISTED AS SEPARATE ACCOUNTS.

EACH ONE OF THOSE ACCOUNTS, CITY MANAGER'S OFFICE, KAREN GONZALEZ HAS A GROWTH ACCOUNT.

THOSE, THOSE, UM, PRINCIPAL ACCOUNTS, THAT MONEY IS HELD FOR CITY SECRETARY'S OFFICE.

DONNA BROWN ON THE, UM, DONNA, THE GROWTH ACCOUNT, WE DO HAVE TO .

NEXT, WE'LL MOVE ON TO, UH, CIVIL SERVICE.

JENNIFER JOHNSON, SINCE WE HAVE HAD THAT CONTRACT IN 2015.

UH, CODE COMPLIANCE SERVICES, BAHAR, AMARI, THAT, SO RIGHT NOW THEY ON THOSE GROWTH FUNDS ALSO.

SO TODAY WE CIVIL HENRY SCOTT AND RENEE PARAMA.

SEAN CHIP.

OKAY.

KEVIN MONDY, I'M HERE TO PRESENT TO GIVE ME THAT.

GUSTAVO SIERRA.

YES.

NEXT WE'LL MOVE TO COURT AND DETENTION SERVICES.

MARCOS.

SO WE'LL PREFACE WITH BANK TEXAS AND ACCESS A DALLAS ANIMAL SERVICES.

DANIEL ALVARADO, AWEIL.

JILLIAN APPLEBAUM.

SO IN ACTING AS IN DEMEANOR, MICHAEL BURKE.

OKAY, DALLAS FIRE RESCUE.

RICHARD MATTHEWS, LARON THOMAS, EARLY DIVERSIFIED CROSS MAJOR ASSET CLASS, UH, DALLAS WATER UTILITIES.

ANTHONY ASAD TODAY TALKING AND SPEAKING ABOUT, UH, PERFORMANCE OF THAT RICHARD BAILEY CONSOLIDATED BALANCE.

SO COMBINING THE FUNDS, JOHN RO MARCH 31ST, THE END OF THE FIRST QUARTER, CONSOLIDATED ABOUT $1.78 MILLION, FRITZ.

SO THE ASSOCIATED MANAGEMENT PIECE WITH THAT CONSOLIDATED ADRIAN HILL ARE ON A TIERED STRUCTURE.

SO ORIGINAL HUNTER, THE FIRST $1 MILLION, WE CHARGE 85 BASIS POINTS.

FRITZ A MILLION THAT DROPS TO 60 BASIS POINTS.

SO JOHN MANGA, ABOUT A 78 BASIS POINT ROBIN MITCHELL OR ABOUT 13,800 DEBORAH ROLLINS.

SO WHAT, WHAT I'LL DO IS, JUAN, START WITH SOME BRIEF, UM, MARKET UPDATE, UH, COMMENTARY, MARIO TORRES REMAINDER OF, AND I'LL PAUSE FOR QUESTIONS.

SARA VASQUEZ, DENNIS WALKER.

SO IF YOU THINK BACK TO, UH, 2020, YOU KNOW, WE SAW A RAMPANT SPIKE IN INFLATION.

WHAT I SKIPPED, UH, IN REACTION TO THAT SPIKE IN, OH, I SKIPPED, I'M SORRY, JOSEPHINE MERRI ENGAGED IN ITS

[00:10:01]

PROGRESSIVE TYPE OF CYCLE.

SO, UH, DATA ANALYTICS AND BUSINESS INTELLIGENCE, MAYA WILLIAMS, ESSENTIALLY 0% WHERE INFORMATION TECHNOLOGY SERVICES JOHN BURTON'S.

SO THE, THE REAL SURPRISE RESULT OF THAT ACTION WAS ACTUALLY THE ECONOMY IN ITSELF.

OVER 2020 DEVELOPMENT SERVICES, PHILIP BUR THE ECONOMY ABLE TOOR, UH, ABSORB RELATIVELY WELL THE HIGHER INTEREST RATE ENVIRONMENT.

UH, WE SAW BRETT JOHNSON, THE LABOR MARKET REMAIN TIGHT.

CAMIKA MILLER HOSKINS, WE, WE GENERATED POSITIVE ECONOMIC EMPLOYEE'S RETIREMENT FUND NICOLE SPENCER, 3.1% AND WE SAW A HEADWAY MADE ON, ON INFLATION.

EQUIPMENT MARKETS RESPONDED FAVORABLY TO THAT BACKDROP.

JASON HALL, WE SAW THAT S AND P 500, MISTY MOSLEY 23 WITH POSTING GAIN IN 26.

BRENDA RODRIGUEZ, UH, US BONDS, THE US AGGREGATE BONDING, THE BLOOMBERG US LIBRARY, JONATHAN CARR UP FIVE POINT HALF PERCENT.

LLOYD STEVEN IN NOVEMBER BONDS WERE ACTUALLY ON TRACK.

COURTNEY LLOYD, THIRD AND SECOND, THAT WOULD'VE BEEN JOANNE ROMERO, MID-NOVEMBER WILKINS.

SO YOU START TO SEE SOME ALEX SHOWING SIGNAL OF WEAKENING, UH, MAYOR AND COUNCIL OFFICE.

MAX SANCHEZ, OFFICE OF ARTS AND CULTURE.

RHONDA OVER ENTHUSIASTICALLY OFFICE OF BUDGET, BRITTANY COBB CUTS FOR 2024 OFFICE OF ECONOMIC DEVELOPMENT.

SO OVER THE SECOND HALF OF THE FOURTH QUARTER OFFICE OF PROCUREMENT, ANGELA AKINS INTO THE BOND MARKET, UH, EXPECT AND RECREATION FOR THIS YEAR.

UH, STEVEN BAKER AND BOND PRICES AND INTEREST RATES MOVING.

SO WHEN THIS HAPPENS, YOU FALL, PATRICK FALL BOND PRICES GO UP, BONDS RALLYING, UH, CHRISTIE GO THE LAST SIX WEEKS OF THE YEAR, WHICH LED JOSEPH THAT FIVE AND A HALF, JOSEPH.

SO THEN, YOU KNOW, WE ENTERED JOHN KING THE FIRST QUARTER OF 2024.

VERNON PAUL, UH, THAT SCENARIO KIND OF REVERSED SIA TO AN EXTENT.

SO UHA FOR THE FIRST QUARTER WE SAW A SLIGHT RESURGE, ARY PRESSURES AND, UH, PLANNING A NEIGHBORHOOD VITALITY MARTIN BAY DATA, WHICH, UH, CAUSED THE MARKET TO BACK OUT LARGE OF THOSE GREAT CUTS THAT WERE PRICED IN, UH, GLADYS.

SO THEY ENDED UP OVER THE FIRST QUARTER, FOUR CUTS ARE BACKED OUT.

ASHLEY JOHNSON LEAVING TWO PRESS PRICE.

AND AGAIN THIS JOHN TAYLOR BROWN SURGE ON PRICES TO FALL.

SO KIND.

PETER, WHERE WE'RE AT, 2024, JUAN ARE BACK MICHAEL WAR, HOWEVER, TECHNIC ON THE OTHER DEREK WHITE CARRIED FORWARD THAT POSITIVE.

UH, SANITATION SERVICES.

TIFFANY BATISTE, CINDY GALLS.

SO I'LL START HERE ON, UH, SLIDE THREE, WHICH WE HAVEN'T PULLED UP.

CLINTON LAWRENCE, THIS IS A MARKET SUMMARY AGAIN, WE'RE LOOKING AT FIRST QUARTER JENNIFER LER QUARTER PERFORMANCE.

SO WHAT THIS IS IS A SUMMARY BREAKING OUT CHRISTOPHER YEAR TRAIL PERFORMANCE OF THE MAJOR BROAD ASSETS.

ANTHONY O. SULLIVAN, I'M GONNA FOCUS ON THIS ON QUARTERLY NUMBERS.

DEREK WASHINGTON ARE INDICATED BY MIKE BLUE BAR THAT FOR TRANSPORTATION, TOP ROW AUSTIN.

SO STARTING OFF THE LISA FULLER SIDE OF OUR CHART HERE, RANDALL MCG MENTIONED VINES.

SO HERE WE CAN SEE THE TENURED TREASURY POSTING.

ARE THERE ANY OTHER DELEGATES WHO HAVE NOT CALLED THEIR NAME OVER THE FIRST QUARTER? US INVESTMENT GRADES, BOND BONDS DOWN 80 BASIS.

OKAY, WHAT, WHAT, UH, HIGH YIELD BONDS, UH, SLIGHTLY POSITIVE GAIN OF 1.5% INTERNATIONAL BONDS.

ALSO SLIGHTLY POSITIVE OF ABOUT 60.

RIGHT NEXT ON THE AGENDA, WE'RE GONNA DO THE NOMINATION ELECTIONS FOR SEE CAP GONNA SERVE CHAIR FOR RETURN.

AND SO WE WILL TAKE NOMINATIONS FOR WHO SERVED 0.6% OVER THE FIRST QUARTER.

MIDCAPS AND SMALL CAP EQUITIES, UH, RETURNING INC ONE SIX AND 5.2.

ALRIGHT, YOU NOMINATION DUSTIN KINSEY.

AND MOVING DOWN THE ROW HERE, THE COLUMN.

DUSTIN, DO YOU ACCEPT? UH, NEXT WE HAVE INTERNATIONAL.

ARE THERE ANY OTHER NO INTERNATIONAL DEVELOPMENT MARKETS OVER THE QUARTER UP 5.8% MA'AM.

EMERGING MARKETS UP 2.4 ESTATE INVESTMENT TRUST.

YOU'LL SEE AT A SMALL LOSS OF ABOUT 32 BASIS POINTS.

STEVE ARE REAL ESTATE, STEVE, CHRIS, A LITTLE BY THE HIGHER INTEREST RATE ENVIRONMENT.

AT MOVING ON YOU HAVE COMMODITIES WHICH RETURN 2.2% OF THE ORDER RESURGENCE INFLATIONARY PRESSURED OVER THE BORDER.

SO WE HAVE PRICES AND INFLATION ARE PART HIGHLY, STRONGLY RELATED.

IS DUSTIN KINZIE TO BE EXPECTED TAKE UP AND COMMODITY? AND SO WE WILL HAVE TO DO DO IT.

QUARTER TO DATE.

WE WE'RE ABOUT TWO MONTHS INTO THE SECOND QUARTER.

NOW OVER APRIL WE HAD A DOWN RUN.

LET'S DO, SO EQUITIES WERE DOWN ABOUT FOUR POINT A HALF PERCENT.

IT ALL BOUNCE BACK OVER MAY STAFF, ARE YOU READY TO COUNT ABOUT EQUALLY OFFSET LOSSES IN PER ALL RIGHT, SO QUARTER TO DATE.

SECOND.

SO IF YOU CAN RAISE YOUR HAND IF YOU VOTE FOR DUSTIN MCKINZIE TO SERVE ON YEAR TO DATE BASIS.

UH, US EQUITIES ARE STILL UP TO, UH, 10.2% SINCE THE END OF THE YEAR.

STAFF COUNTY INTERNATIONAL EQUITIES IS 5.8 WHILE UH, US BONDS ARE ARE STILL DOWN ABOUT 1.6.

SO, UH, NEXT WEEK THE FEDERAL MARKET COMMITTEE WILL MEET

[00:15:01]

ON TUESDAY AND WEDNESDAY.

AND OUR EXPECTATION FOR THIS MEETING IS TO SEE THE FED FULL.

GREAT.

NOW PLEASE RAISE YOUR HAND IF YOU WANNA VOTE FOR STEVE BAKER TO SERVE CHAIR FOR THE MEETING.

UH, THAT BEING SAID, THIS, THIS WEEK WE DID RECEIVE SOME ECONOMIC DATA THAT AGAIN, HAS SHOWN SIGNS OF SOFTENING.

UH, WE SAW THE NUMBER OF JOB OPENINGS DECLINED.

WE SAW FIRST QUARTER GDP REVISE DOWNWARD FROM 2.6 TO 1.3%.

AND THEN WE ALSO SAW THE FEDS PREFERRED GAUGE FOR RELATION, PERSONAL CONSUMPTION GIVE THE FINAL COUNT COME IN AS EXPECTED AT 2.8%.

SO, SO ON A MONTH OVER MONTH BASIS, THAT WAS RELEVANT STEVE.

SO IF YOU COULD TELL ME WHO HAS, BUT ANYWAY, SO THE MARKET HAS TAKEN THESE NO, HOW MUCH FOR JUSTIN AGGREGATE, HOW MUCH FOR STEVE SIGNAL, UH, EXPECTING THIS TREND TO CONTINUE? 16.

UH, THAT 16, THAT EXPECTATION LEAVES THE MARKET TO LEAVE THEN, RIGHT? BASED ON MAY NOW A VIABLE PATH.

BAKER WILL BE RUN TO CHAIR FOR THE MEETING.

YOU'LL TAKE A THREE MINUTE BREAK AS FAR AS OUR OUTLOOK FOR THE REMAINDER OF THE, PART OF THE, FROM THE FUTURE RATE PERSPECTIVE.

BUT CONGRATULATIONS.

IT'S IN LINE WITH WHAT'S THE FUTURES MARKETS.

CURRENTLY WE EXPECT TO SEE 2 25 BASIS POINT CUTS, ONE COMING IN SEPTEMBER.

ALL RIGHT, IF COME TO THE EPTEMBER.

AND WE ALSO EXPECT TO SEE THAT THE ECONOMY BE ABLE TO CHUG ALONG FOR THE REMAINDER OF THE YEAR AT LOW, BUT POSITIVE .

SO G ANNUAL GDP EXPECTATIONS ONE TO ONE AND HALF PERCENT EACH.

SO I'LL KIND OF PAUSE THERE FOR A SECOND AND SEE IF THERE ARE ANY QUESTIONS FOR YOUR PERFORMANCE.

OH, I DID NOT, SIR.

I DID NOT.

I DID NOT, SIR.

THE ANTICIPATION FOR 2025.

UM, 2025.

WE DO NOT HAVE AN OFFICIAL OUTLOOK AT THE MOMENT.

PERSONAL.

YEAH, I THAT'S A THAT'S A TOUGH ONE.

YOU KNOW, WE'RE AN ELECTION CYCLE THAT'S GONNA PLAY A BIG PART OF HOW 2025.

THE EXPECTATIONS FOR 20 FEDERAL PATIENTS.

I THINK, I THINK TWO, IT'S APPROPRIATE.

UM, I PERSONALLY HAVE BEEN SURPRISED AT ECONOMY KEEP CHUGGING ALONG.

KNOW, I MEAN, UH, PART OF THAT IS IT'S BEEN A STIMULATIVE EFFORT AND WE'VE HAD SOME PRETTY EXPANSIVE FISCAL SPENDING.

UM, NOW I DON'T KNOW THAT THAT'S SUSTAINABLE.

UH, I EXPECT, YOU KNOW, AT SOME POINT THESE RATES WILL BEGIN SLOWING CONTRACT ECONOMY.

SO MY EXPECTATION WOULD BE TO SEE INFLATION CONTINUE TO COOL, UH, NOT NECESSARILY ALL THE WAY DOWN TO THAT 2% TARGET.

UH, BUT YOU KNOW, IF YOU'RE GENERATING POSITIVE ECONOMIC OUTPUT AND INFLATION'S A LITTLE HIGHER THAN TARGET, UH, I, THE FED HAS A, A DUAL MAN, IT'S, UH, STABLE PRICES AND FULL EMPLOYMENT.

SO AT WHAT POINT DO THEY SACRIFICE ONE MAN? UH, I DON'T BELIEVE THAT THEY WOULD LOOK TO PROTECT THE LABOR MARKET BEFORE.

ABSOLUTELY.

TRYING TO 2% TARGET IS, IS KIND OF AN ARBITRARY TARGET.

IT'S NOT AN OFFICIAL, WE GO BACK TO THE FIRST SLIDE.

CAN YOU MENTIONED SOMETHING SETTING MAJOR POINTS.

UM, MAYBE SLIDE SOMETHING ABOUT A FEE ODA BASIS POINTS, RIGHT? THE RANGE.

CAN YOU EXPLAIN THAT AGAIN? YEAH, SO, SO IT'S TIERED.

SO, UH, YOU KNOW, THE PORTFOLIO VALUE IS ABOUT ONE POINT MILLION DOLLARS.

SO THAT FIRST $1 MILLION IS CHARGED 85 BASIS POINTS.

AND THEN ANY AMOUNT OVER DROPS TO, WELL, IT'S NOT ALL IN IT'S RIGHT.

YEAH.

SO IF YOU WAIT THOSE, UH, IT'S ABOUT AN AGGREGATE.

IS THAT TYPICAL TO LIKE MAKE 78 BASIS POINTS ON, ON A PORTFOLIO? RIGHT? SO THAT INSTITUTIONAL, IS THAT WHAT YOU MM-HMM.

OKAY.

YEAH.

SO INSTITUTIONAL, UH, FEES YOU TYPICALLY SEE THAT YOUR STRUCTURE, SO AS THE FOR EFFECTIVE DECLINES, ONE NEXT ONE TO 2 MILLION, THAT, SO, I MEAN, THEY'RE, THEY'RE NOT CUSTOM YOU CUSTOMIZING MOST CASES, BUT THAT FEED STRUCTURE.

PERFECT.

THANK YOU.

ALL RIGHT, SO THERE ARE NO FURTHER QUESTIONS WE CAN JUMP INTO.

PORTFOLIO PERFORMANCE ON THIS WILL BE SLIDE 18.

SO SLIDE 18 HERE IS AN ALLOCATION SUMMARY REPORT.

SO THIS IS SHOWING YOU THROUGH THE, THE END OF THE QUARTER HOW THE PORTFOLIO WAS WEIGHTED ACROSS THE DIFFERING ASSET CLASSES.

AS YOU CAN SEE HERE, WE ARE WEIGHTED, UH, HEAVILY TOWARDS EQUITIES.

SO, OR WEIGHTED ABOUT 70% IN EQUITIES, 24% OF FIXED INCOME, 6% OF CASH.

AFTER THE END OF THE QUARTER, WE, WE REBALANCE THE PORTFOLIO, UH, PULL DOWN SOME OF THAT EQUITY OVERWEIGHT AND ROLLED IT BACK INTO FIXED INCOME.

SO I'M GONNA JUMP FROM THERE TO SLIDE 20.

SLIDE 20 IS OUR TRAILING

[00:20:01]

PERFORMANCE OR HOLDING PERIOD PERFORMANCE.

SO WE'RE LOOKING AT THE, THE PORTFOLIO'S GROSS FEE RETURNS, NET FEE RETURNS, AND THEN OUR STRATEGY BENCHMARK RETURNS OVER EACH HOLDING REPEAT, WHAT'S THAT? AND IT'S PAGE 20.

THANK YOU.

SO AT, AT THIS REPORTING PERIOD, THE THREE MONTH COLUMN, YEAR TO DATE COLUMN AND FISCAL YEAR TO DATE COLUMN ALL COVERING THE SAME THREE MONTH PERIOD.

SO I'M GONNA HIT THE THREE MONTH COLUMN AND THEN JUMP OUT TO THE ONE YEAR.

SO OVER THE QUARTER, THE THREE MONTH COLUMN, AND WE STARTED WITH THE BEGINNING PORTFOLIO VALUE OF 1,689,000.

WE SAW NET WITHDRAWALS OVER THAT PERIOD OF 3,300.

THAT'S GONNA, THOSE ARE GONNA BE FEES, INVESTMENT GAINS OVER THE QUARTER OF 91,000.

AND THAT BROUGHT US TO AN ENDING PORTFOLIO VALUE OF 1,777,000.

SO ON A GROWTH OF FEE BASIS OVER THE QUARTER, THE PORTFOLIO RETURNED 5.4% AND NET FEES RETURNING 5.2.

WHILE THE BENCHMARK OVER THAT PERIOD RETURNED 5.1, JUMPING UP TO THE ONE YEAR TRAILING PERIOD GROSS OF FEES, THE PORTFOLIO RETURNED 15.9% NET OF FEES RETURNING 15%.

UH, WHILE THE BENCHMARK OVER THAT PERIOD RETURNED 15.9 OVER THREE YEAR PERIOD, WE WERE UP 3.4 ON A GROSS OF FEE BASIS, NET OF FEES UP 2.6 WHILE THE BENCHMARK 4.3 IN THE FIVE YEAR TRAILING PERIOD, THE PORTFOLIO GROWS THE FEES, 11 7.2 NET FEES UP 6.3, AND THE BENCHMARK OVER THAT PERIOD RETURNS 7.9.

AND THEN GOING BACK TO PERFORMANCE INCEPTION, WHICH WAS THE BEGINNING OF 2016, WE STARTED WITH THE BEGINNING PORTFOLIO VALUE OF $1,000,037,000 NET WITHDRAWALS SINCE ACCOUNT INCEPTION OF 94,000 INVESTMENT GAINS SINCE INCEPTION OF 834,000.

AND THAT BRINGS US BACK TO THAT 1,000,707 $7,000 ENDING VALUE AT THE END OF THE FIRST QUARTER.

SO SINCE INCEPTION, THE PORTFOLIOS RETURNED 7.5% ON A GROSS FEE BASIS, NET FEES 6.6%, AND THE BENCHMARK SINCE INCEPTION, RETURN 0.2.

SO I WILL JUMP NEXT TO, UH, SLIDES 22 AND THREE AND WE WILL, UH, KIND OF CONCLUDE HERE.

SO SLIDES 22 AND 23 IS ESSENTIALLY A SNAPSHOT OVERVIEW SHOWING THE INDIVIDUAL HOLDINGS IN THE PORTFOLIO, UH, AS WELL AS THE DOLLAR AMOUNT AND THEIR RATINGS, EACH HOLDING'S WAITING IN RELATION TO ONE ASSET CLASS AND TO THE OVERALL PORTFOLIO AS A WHOLE.

SO THIS GIVES YOU AN IDEA, KIND OF, OF HOW THE PORTFOLIO IS WEIGHT ACROSS THE, THE DIFFERENT FUNDS AND SUB-ASSET CLASSES THROUGH THE END OF THE QUARTER.

UH, JUST TO PROVIDE SOME BACKGROUND HERE, OUR, UH, INVESTMENT RESEARCH TEAM CONDUCTS ONGOING DUE DILIGENCE ON ALL THE FUNDS OF MANAGERS UTILIZING CLIENT PORTFOLIOS.

SO THEY DEVELOP AND MAINTAIN WHAT WE PREFER TO AS, AS WORKING LIST.

SO THESE MANAGERS ARE THOROUGHLY VETTED TO ENSURE THAT WE'RE UTILIZING QUALITY MANAGER MANAGERS, UH, ARE FILLING OUR CLIENT INVESTMENT OBJECTIVES.

UH, SO JUST TO POINT OUT HERE, YOU MIGHT SEE SOME, SOME REPUTABLE NAMES OR FAMILIAR NAMES.

JUST FOR EXAMPLE, IN THE FIXED INCOME PORTFOLIO, METROPOLITAN WEST, UH, PIMCO VANGUARD.

AND THEN ON THE EQUITY SIDE, BLACKROCK, AGAIN, VANGUARD, JOHN HANCOCK.

SO I WILL, UH, CONCLUDE THERE AND AGAIN, PAUSE AND SEE ANY QUESTIONS AS FAR AS THE P PERFORMANCE IS CONCERNED.

ALL RIGHT, WELL I WOULD LIKE TO THANK YOU ALL AGAIN.

YOU KNOW, WE, WE GREATLY VALUE OUR PARTNERSHIP WITH THE DALLAS PARKS AND RECREATION DEPARTMENT.

THANK YOU.

THANK YOU FOR GIVING YOUR PRESENTATION TILL THE TIME YOU COME HERE.

POSITIVELY ARE OKAY.

THANK, UH, WITH THAT WE MOVE TO MOVE, OH, CONIA, SORRY, SORRY SIR.

THERE ARE A COUPLE OF QUESTIONS I MISSED.

COUPLE OF QUESTIONS REAL QUICKLY.

SO OUT OF THESE ARE JUST THE THREE, UM, ARE YOU GUYS RESPONSIBLE FOR ANY OF OUR OTHER TRUST? OKAY.

NO.

SO AND SO I, THERE'S DON'T MENTION THAT 'CAUSE I WANNA KNOW HOW THEY COMPARE TO OTHERS.

BUT THANK YOU FOR THIS ELABORATE, UH, PRESENTATION YOU ALL TIME.

AND WE HAVE ONE MORE MS. GREAT REPORT.

THANK YOU VERY MUCH.

UM, IT'S A GREAT RETURN.

SO, UH, THIS MAY BE A STAFF QUESTION.

UM, JUST .

OKAY.

SO, UM, THIS MONEY ORIGINALLY CAME FROM THE SMALL

[00:25:01]

TRUST THAT WE HAD, UM, WITHIN THE PARK DEPARTMENT, , THAT WAS HOLDING THOSE TRUST FOR US SINCE, UM, I BELIEVE 19 CHANGE .

UM, BANK OF TEXAS WAS, UM, THE .

SO, UM, BECAUSE IT'S, UH, VERY SMALL, UM, PRIVATE, THEY WERE, THEY WERE, THEY WERE TRUSTED.

IT WAS MONEY.

THEY WERE, IT WAS MONEY THAT WAS GIVEN TO US.

OKAY.

AND THEN, UH, WITHIN THE TRUST, WE ARE ALLOWED TO DON'T SPEND ANY ACCESS.

CORRECT? YOU MENTIONED THAT IT WAS AT SOME POINT IN TIME, 94,000 HAD TAKEN OUT OVER, OVER THE, THIS WOULD BE THEIR FEES THAT ARE TAKEN OUT.

THERE'S NOTHING ELSE THAT WAS THEIR FEES.

YEAH, I THINK, I THINK YOU SAID, I THOUGHT YOU SAID DISBURSEMENT, WHICH IS DIFFERENT THAN A FEE.

YEAH.

SO THAT, THAT REPORT SHOWS JUST THE NET OUTFLOWS, IT DOESN'T MATTER ACROSS, BUT WE HAVE NEVER TAKEN, THE DEPARTMENT HAS NOT TAKEN ANY MONEY.

WE ORIGINALLY ESTABLISHED THIS WITH BANK OF TEXAS.

THE HOPE WAS HE COULD LEFT THOSE FUNDS GROW.

UM, BECAUSE ORIGINALLY THE ORIGINAL, UM, CONTRACT THAT WE DID DID HAVE, DID HAVE DISBURSEMENTS THAT WERE COMING OUT TOWARDS THE PARK SYSTEM.

BUT THAT KIND OF LEFT THOSE FUNDS ALWAYS, YOU KNOW, A VERY SMALL FUND.

SO IT WOULD COMBINE THEM AND WE DID NOT RESEND ANY FUNDS.

AND ARE THEY, ARE THEY ONLY TO USED SPECIFICALLY FOR THOSE PARTS? CORRECT.

AND IS THERE, HOW MUCH IS AVAILABLE OR WHAT IS THE BREAKDOWN? WHAT'S AVAILABLE AND WHAT'S NOT AVAILABLE TO SPEND WITHIN? WHAT IS AVAILABLE TO SPEND IS THE GROWTH PORTION OF THE ACCOUNTS.

UM, AND TYPICALLY THE PARK, UH, DEPARTMENT COMES TO US WITH A RECOMMEND OR A, A NEED FOR AN IMPROVEMENT IN A PARK.

AND THEN THIS BOARD APPROVES IT IF THEN WE DISTRIBUTE IT IS THE PROCESS.

WE HAVE NEVER DONE THAT.

NO.

UM, IT'D BE THE SUM OF THE GROWTH, UH, ACCOUNT, UH, 23,000 IN THE GROW WEILER, UH, 19,000 IN THE WEIS, UH, AND, UH, 259,000 IN THE KAR.

I DON'T KNOW WHOSE PARKS THOSE ARE, BUT, UM, YOU GOT SOME MONEY? I DON'T, I I MEAN I, I DON'T KNOW WHAT STAFF OR ANYBODY ELSE'S OPINION ABOUT THAT IS, BUT IT, IT, IT'S JUST MY OPINION, IT WAS MONEY THAT WAS PUT FOR THOSE PARKS AND YOU'VE DONE A BEAUTIFUL JOB OF MAKING US MONEY ON THAT ORIGINAL INVESTMENT.

SO I WOULD JUST LIKE TO FLOAT THAT IDEA THAT THERE IS MONEY THERE AND IF WE HAVE PARTICULAR THINGS IN THOSE PARKS WE NEED TO USE IT FOR.

I THINK MR. DICKEY HAD SOME QUESTIONS ABOUT ONE OF OUR OTHER FUNDS THAT WE HAVE AND HOW WE CAN USE THAT MONEY.

SO THAT'S, I LOVE THAT WE PUT IT WITH A GOOD ENOUGH PERSON THAT'S NOT ONLY PRESERVED OUR MONEY, BUT IS ALLOWED IT TO GROW.

BUT I ALSO WOULD LIKE TO SAY, HEY, WE'RE ALWAYS A LITTLE SHORT ON CASH EVERYWHERE.

SO IF THOSE ARE YOUR PARKS, LET'S CERTAINLY LOOK AT SOME THAT MY QUESTIONS.

THANK.

AND WE HAVE ONE MORE FROM MR. KITNER.

THANK YOU MR. PRESIDENT.

UH, THIS MAY ALSO BE A STAFF QUESTION, BUT, UH, WE HAVE THREE DIFFERENT TRUSTS.

UM, IT LOOKS LIKE IT'S ALL POOLED TOGETHER WITH ONE VALUE, UNLESS I'M READING IT WRONG.

SO DID WE BREAK DOWN THE SPECIFIC AMOUNTS IN EACH TRUST OR, AND WE JUST HAVE IT ALL FULL.

ONE INVESTMENT.

THEY'RE BROKEN DOWN INTO INDIVIDUAL ACCOUNTS AND IT'S ON PAGE 24.

OKAY.

SO PAGE 24 HAS IT.

SO THIS, SO PAGE 20 SHOWS THE FULL VALUE YES.

OF ALL THE INVESTMENTS.

AND THEN ARE THEY ALL INVESTED IN THE SAME FUNDS? YES.

OKAY.

OKAY.

THAT WAS MY QUESTION.

UM, ALL RIGHT.

THAT'S IT.

THANK YOU VERY MUCH.

YEAH, MS. .

THANK YOU.

SO I, IT'S A LOT TO PROCESS, SO BEAR WITH ME IF I'M ASKING SOMETHING THAT YOU ALREADY RESPONDED TO, UM, ARE THERE STIPULATIONS ON HOW THIS MONEY CAN BE USED IN THOSE PARKS? IS IT JUST SAY FOR MAINTENANCE OR CAN IT BE FOR, UM, UPGRADE OR, I MEAN, THAT'S WHAT IT'S DICTATED IN THE TRUST AGREEMENT.

IT'S FOR PARK IMPROVEMENTS.

OKAY.

SO PARK IMPROVEMENT MAINTENANCE.

MM-HMM, .

OKAY.

AND, UM, AND THEN LIKE WITH THE, WITH LEASE, I KNOW THAT, I MEAN YOU GUYS, DO WE EVER LOOK AT LIKE THERE'S OTHER FUNDS THAT WE HAS

[00:30:01]

HAD IN, FOR EXAMPLE, TEMPLE MANWELL AND PARTNER WITH THOSE TO HELP IN THOSE PARKS? OR IS THAT JUST ALLOCATED JUST FOR THAT? I MEAN, IS THERE A, CAN YOU MATCH FUNDS WITH OTHER, WITH OTHER GRANT, OTHER MONEY THAT, THAT THAT TRUST HAS WITH ANOTHER ORGANIZATION FOR A PARK IMPROVEMENT? YES.

WE CAN ASK FOR WITHDRAWAL IF WE'RE TRYING TO DO A MATCH FUND FOR IMPROVEMENT.

OKAY.

BECAUSE I DO KNOW THAT LEASE HAS STEPPED UP IN ANOTHER FUNDS THAT ARE MONITORED BY OTHER ORGANIZATIONS.

THAT'S ONE THING WITH BROADWATER, WITH LIKE OUR POOLS AND STUFF LIKE THAT.

THIS MONEY THEN CAN BE USED TO HELP WITH THE IMPROVEMENT OF WHERE, BECAUSE WE HAVE A SHUTDOWN POOL RIGHT NOW OR SOMETHING OF THAT MATTER.

HOW, SO WHERE DO WE THEN, DOES IT COME FROM US TO WORK WITH OUR STATE COUNCIL AND YOU AND STAFF? HOW IS THAT PROCESS GOING? GO GET YOUR MONEY ON YOU .

AND THAT WOULD BE, OF COURSE, THIS IS IF WE DON'T HAVE OTHER FUNDS THAT WE CAN FIND WITHIN THE SYSTEM BECAUSE OBVIOUSLY WANT TO KEEP THEM INVESTED IF WE HAVE SOME OTHER MECHANISM WITH OUR OWN SYSTEM TO PAY.

THANK YOU.

THANK YOU SIR.

THANK YOU SIR.

OH, SORRY.

MR. DICKEY HAS A QUESTION.

I APOLOGIZE.

THANK YOU FOR MR. THANK YOU, MR. PRESIDENT.

UM, I JUST HAD A QUICK QUESTION ON MARTIN WEIS.

IS THE MONEY ALLOWABLE JUST FOR THE PARK OR WOULD THAT ALSO INCLUDE, FOR EXAMPLE, MAINTENANCE NEEDS IN THE RECREATION CENTER? FOR US TO AGREEMENT? YEAH, WE WOULD HAVE TO GO BACK AND LOOK AT THE TRUST AGREEMENT, BUT I BELIEVE, UM, IT WAS ROUTINE SET FOR THE PARK.

THE REC CENTER IS ON THE PAR.

UM, YOU KNOW, IT IS FOR REC CENTER ALREADY POSSIBLE.

OKAY, THANK YOU.

OKAY.

DOUBLE CHECK BEFORE I SAY AGAIN.

THANK YOU .

THANK YOU AGAIN.

THANK YOU.

THANK YOU BEING HERE.

THAT, UH, YEAH, EXCITING PART.

COMPREHENSIVE PLAN, UPDATE MR. .

GOOD MORNING, MR. CHAIR MEMBERS OF THE BOARD.

SO, YES, UH, AS THE PRESIDENT SAID, THIS IS AN EXCITING TOPIC FOR ME PERSONALLY BECAUSE I HAPPEN TO LOVE THIS STUFF.

SO, UM, LEMME JUST KINDA START OFF BY SAYING, UM, YOU KIND OF DEFINE WHAT A, WHAT A COMPREHENSIVE PLAN IS AND HOW IT'S DIFFERENT THAN A MASTER PLAN.

SO A COMPREHENSIVE PLAN IS REALLY A, IT'S A, IT'S A VISION DOCUMENT THAT IS DEVELOPED THROUGH A PROCESS OF IMMEDIATE ENGAGEMENT AND ANALYSIS AND SURVEYING AND THINGS LIKE THAT.

AND IT ULTIMATELY, IT, IT DEVELOPS AND DEFINES STRATEGIES TO ACHIEVE THE VISIONS THAT ARE, THAT ARE KIND OF LAID OUT THROUGH THAT PROCESS.

AND IT'S DIFFERENT THAN A MASTER PLAN BECAUSE AS YOU ALL KNOW, MASTER PLAN IS REALLY KIND OF MORE SITE SPECIFIC AND IT, AND IT DEFINES THROUGH A PROCESS THINGS THAT SHOULD SHOW UP IN THAT PARTICULAR SPACE OVER TIME THAT TYPICALLY PHASE.

BUT IT'S A, IT'S A REAL DIFFERENCE BETWEEN A COMPREHENSIVE PLAN, WHICH IS A TRUE VISION DOCUMENT THAT REALLY TRIES TO MOVE A BIG ORGANIZATION IN A PARTICULAR DIRECTION.

AGAIN, DEFINED THROUGH A PROCESS AS COMPARED TO A MASTER PLAN, WHICH IS GENERALLY MORE, UM, MORE SPECIFIC IN NATURE.

AND IF YOU THINK ABOUT A HIERARCHY OF HOW THESE THINGS ARE ARRANGED, THE THE COMPREHENSIVE PLAN WOULD KIND OF BE AT THE TOP OF THE PYRAMID.

AND IT IS, AND WHAT INFORMS THAT ARE VARIOUS MASTER PLANS THAT WE HAVE THROUGHOUT THE SYSTEM.

THINGS LIKE THE AQUATICS MASTER PLAN OR, OR SPECIFIC PARK MASTER PLANS, OR THE TRAIL NETWORK MASTER PLAN.

ALL THOSE SORTS OF THINGS KIND OF FEED UP TO THE TOP OF THE PYRAMID THAT REALLY DEFINES THE VISION THAT THE ORGANIZATION IS TRYING TO ACHIEVE.

SO ONE WAY TO KIND OF DESCRIBE IT.

UM, SO THE PURPOSE TODAY, OF COURSE WE'RE GONNA TALK ABOUT THE, UH, THE PROCESS TO GET TO THAT POINT.

SO, UM, AS A LITTLE BACKGROUND, SO THE DEPARTMENT HAS UNDERTAKEN TWO COMPREHENSIVE PLANS IN ITS HISTORY.

UM, A VERY NOTEWORTHY ONE, OF COURSE WAS THE 2002 RENAISSANCE PLAN.

AND REALLY THE TAKEAWAYS FROM FROM THAT WERE, IT REALLY HELPED TO RECOVER THE PARK SYSTEM FROM A PERIOD OF KIND OF DISINVESTMENT.

SO IT INCLUDED A VERY DETAILED CONDITION ASSESSMENT OF THE PARK SYSTEM THAT POSITIONED US TO BE ABLE TO GET SIGNIFICANT FUNDING, HUNDREDS OF MILLIONS OF DOLLARS OF FUNDING FROM THE 2003 AND THE 2006 BOND PROGRAM.

SO IT WAS A REALLY KIND

[00:35:01]

OF, UM, REVOLUTIONARY DOCUMENT FOR OUR DEPARTMENT.

'CAUSE IT'S THE FIRST TIME WE DID IT, AND THERE WAS A VERY CLEAR RESULT COMING FROM THAT PLAN.

THE OTHER BIG THING FROM THAT PLAN, OF COURSE, WAS THE FOCUS ON PARTNERSHIPS THAT WE'RE STILL KIND OF FOCUSING ON TODAY AND, AND BENEFITS IN 2016.

AND REALLY A LOT OF THE WORK WAS DONE IN 2015, BUT IN 2016, THE COMPREHENSIVE PLAN UPDATE WAS APPROVED.

AND THAT DID A COUPLE OF IMPORTANT THINGS, AND IT REALLY WAS KIND OF STARTING PROCESSES FOR VARIOUS THINGS.

AN EXAMPLE WOULD BE, UM, THAT REALLY KIND OF STARTED THE DISCUSSION AROUND FISCAL SUSTAINABILITY AND IDENTIFYING DIVERSIFICATION OF REVENUES TO GET THERE.

A GOOD EXAMPLE THAT CAME DIRECTLY FROM THAT PLAN WAS THE PARKLAND DEDICATION ORDINANCE.

UM, ANOTHER THING THAT REALLY SHOWED US IS HOW WE SHOULD EMBRACE AND HOW ECONOMIC DEVELOPMENT CAN BE AFFECTED IN A POSITIVE WAY FROM PARKS.

A GOOD EXAMPLE THAT CAME DIRECTLY FROM THAT PLANT IS HILLCREST VILLAGE GREEN.

SO THE IDEA THAT PARKS CAN POSSIBLY AFFECT THE ECONOMY AND ECONOMIC DEVELOPMENT REALLY WAS KIND OF FORMULATED, INITIATED THROUGH THAT PLAN.

ANOTHER THING THAT CAME OUT OF THAT PLAN WAS REALLY OUR FIRST FOCUS ON THE CONCEPT OF PARK ACCESS.

THAT WAS A LITTLE BIT OF A UNIQUE CONCEPT BACK THEN.

WE DIDN'T REALLY HAVE STRATEGIES IN PLACE TO THINK ABOUT WHERE RESIDENTS LIVE IN RELATIONSHIP TO PARKS.

AND A DIRECT RESULT OF THAT, OF THAT 2016 PLAN IS THE COOL SCHOOL PROGRAM THAT REALLY MOVED THE NEEDLE IN A BIG WAY ON PARK ACCESS.

AND WE'RE STILL, OF COURSE, TAKING STEPS TO FURTHER INCREASE PARK ACCESS.

ANOTHER BIG THING THAT CAME OUTTA THAT PLAN WAS WE HAVE BEEN POSITIONED US TO, UM, BE SUCCESSFUL MILLIONS OF DOLLARS TO TEXAS PARK FUND WILDLIFE GRANTS BECAUSE A REQUIREMENT THEY HAVE AND HAVE HAD FOR ABOUT 10 YEARS, EIGHT YEARS IS HAVING A COMPREHENSIVE PLAN THAT'S RELATIVELY FRESH.

SO I JUST WANTED TO, TO SHARE WITH Y'ALL THAT THESE, THAT THESE PLANS ARE REALLY IMPACTFUL BECAUSE THEY MOVE A BIG ORGANIZATION AND DIRECTIONS THAT BENEFIT ULTIMATELY OUR RESIDENTS.

AND SO, YOU KNOW, WE'RE, WE'RE AT A POINT NOW, IT'S, IT'S BEEN ABOUT 10 YEARS, BEEN 11 YEARS OR CLOSE TO THAT SINCE WE INITIATED THE 2016 PLAN, WHICH REALLY STARTED IN 2014.

UM, AND WE, WE SEE AN OPPORTUNITY TO KIND OF GO DOWN THIS ROAD AGAIN RESULTING IN A NEW COMPREHENSIVE PLAN.

WE'VE GOT BRAND THAT THE NAME WE GOTTA THINK ABOUT A, A GOOD NAME FOR IT.

UM, BUT HOPEFULLY BY 2026 WE'LL WE'LL HAVE THAT DOCUMENT.

SO SOME OF THE DESIRED THEMES WE'RE, WE'RE TALKING ABOUT, AND THIS IS OBVIOUSLY THE FIRST TIME WE'RE PRESENTING THIS TO YOU, SO WE VERY MUCH, UH, WOULD APPRECIATE YOUR FEEDBACK, BUT IT'S AROUND FINANCIAL SUSTAINABILITY.

THAT'S CLEARLY SOMETHING WE'VE BEEN TALKING ABOUT AS AN ORGANIZATION FOR A WHILE, FUTURE FOCUSED AND VISIONARY.

SO DIALING THAT, THAT IN A LITTLE BIT.

SO WHAT, WHAT DO WE MEAN DESIRE, OUTCOMES? SO THE FIRST IS REALLY MOVING THE DEPARTMENT, UM, AND THE DIRECTION OF ACHIEVING FINANCIAL SUSTAINABILITY.

WHAT THAT MEANS IS WE NEED TO CONTINUE TO DIVERSIFY HOW WE ARE, HOW WE ARE GENERATING REVENUES IN THIS DEPARTMENT.

I THINK WE ALL CAN RECOGNIZE THAT FULLY RELYING UPON THE GENERAL FUNDS IN THE LONG TERM, IT'S PROBABLY NOT A SOLUTION THAT'S GONNA BE A GOOD OUTCOME FOR.

SO WE WANNA LESSEN THAT RELIANCE BY HAVING A PLAN THAT HELPS US VISUALIZE AND DEFINE THOSE OTHER OPPORTUNITIES TO CONTINUE TO DIVERSIFY OUR FUNDING SOURCES.

AND THE CONTEXT FOR THE NEXT ONE IS REALLY AT THE HIGHEST LEVEL, YOU KNOW, THE CITY OF DALLAS IS IN COMPETITION WITH THE SUBURBS FOR TAXPAYERS, THAT THAT'S WHAT IT IS.

AND, AND THIS, AND WE HAVE A ROLE TO PLAY IN THAT.

SO PEOPLE MAKE DECISIONS ABOUT WHERE THEY WANNA LIVE FOR A VARIETY OF REASONS.

SO ONE OF 'EM IS THEY WANNA LIVE AROUND THINGS THAT THEY ENJOY.

AND THAT'S, THAT'S KIND OF OUR NICHE, THAT'S OUR ROLE TO PLAY.

SO WE WANT TO USE THIS NEXT PLANNING EXERCISE THAT'S GOING THROUGH A PROCESS AND CLEARLY DEFINING WHAT ARE THE KINDS OF THINGS THAT, AND WHERE THE, AND WHERE DO PEOPLE WANT THEM TO BE IN ORDER TO INFLUENCE THEIR DECISIONS ON CHOOSING DALLAS AS A PLACE TO LIVE AS COMPARED TO SUBURBS.

WE ALSO ARE VERY INTERESTED IN KIND OF CONCEPTUALIZING THE FUTURE MODEL FOR REC CENTERS AND LARGE PARKS, YOU KNOW, RELATED TO REC CENTERS WITH A FEW EXCEPTIONS.

WE'RE LARGELY DEVELOPING THE SAME REC CENTERS WE DEVELOPED FOR DECADES.

THEY'RE ABOUT THE SAME SIZE, THEY HAVE THE SAME THING GENERALLY SPEAKING.

AND AS WE KIND OF THINK ABOUT THIS BIG PICTURE KIND OF VISIONING EXERCISE WE NEED TO TRY TO DEFINE FOR THE FUTURE IN ORDER TO BE COMPETITIVE WITH OUR RESIDENTS, WE'RE BUILDING THESE INCREDIBLE AQUATIC SENATORS AND THESE REALLY INTERESTING THINGS.

MEANWHILE, WE'RE STILL KIND OF DOING THE SAME STUFF.

SO THIS IS AN OPPORTUNITY FOR US TO KIND OF GET OUTSIDE.

[00:40:10]

SO WE PULLED OUT A COUPLE OF HIGHLIGHTS, AND BY THE WAY, YESENIA DID SEND Y'ALL BY EMAIL THE KIND OF LARGER SCOPE, BUT WE JUST KIND OF WANTED TO HIGHLIGHT A FEW OF THE PERHAPS MORE INTERESTING ELEMENTS, UM, IN THE SCOPE OF WORK THAT WE DEVELOPED.

AND AGAIN, WE'RE SEEKING YOUR FEEDBACK ON.

SO KIND OF AROUND THE IDEA OF DEVELOPING RECOMMENDATIONS AROUND NON-TRADITIONAL PARK USES THAT SERVE AS PARK ACTIVATIONS IN CERTAIN TYPES OF PARKS.

SO, UM, THIS COULD BE MIXED USE.

THIS COULD BE REALLY EMBRACING ECONOMIC DEVELOPMENT WITH RESTAURANTS AND RE COMPLIMENTARY RETAIL AND THINGS THAT ARE INTERESTING IN THE APPROPRIATE SIZE OF THE PARK FOR PEOPLE TO ENJOY.

THAT'S ANOTHER REASON FOR PEOPLE TO BE THERE.

IT'S ANOTHER EXPERIENCE.

SO JUST KIND OF EXPLORING THAT CONCEPT OF NON-TRADITIONAL, UM, PARK USES.

UH, ANOTHER IS THE CONCEPT OF SHARED OPERATIONS.

AND SO THINKING ABOUT THAT, YOU COULD VISUALIZE A SITUATION WHERE YOU HAVE A FACILITY AND YOU HAVE HALF OF IT, UM, THAT'S LEASED OUT TO A, TO A PRIVATE OPERATOR THAT'S PERFORMING SOME SORT OF COMPLIMENTARY SERVICE THAT WHAT YOU'RE TRYING TO DO, YOU DON'T.

AND THAT LEASE IN THAT REVENUE SHARE OPPORTUNITY IS, IS SUBSIDIZING OR HELPING YOU TO FUND THE MORE TRADITIONAL OPERATIONS THAT YOU HAVE ON THIS SIDE OF THE BUILDING.

UM, THINGS THAT SHOULD BE FREE OR LOW COST, YOU HAVE AN OPPORTUNITY OVER HERE TO SPEND AND GET SOME MONEY FOREVER THERE.

SO THAT'S KIND OF THE IDEA.

UM, OH, I WENT TOO FAR.

UH, ANOTHER THING WE'D LIKE TO DO IS ANOTHER DETAILED, UH, CONDITION ASSESSMENT.

THE PARTS AND FACILITIES.

OF COURSE, WE DID A LITTLE BIT OF THAT FOR THE BOND PROGRAM.

WE DID IT IN A ROBUST WAY IN 2002, BUT WE REALLY HAVEN'T GONE THROUGH THE EXERCISE.

A REALLY RIGOROUS CONDITION ASSESSMENT THAT WE CAN HAVE THAT INFORMATION, KEEP IT CURRENT, PUT IT IN CARI GRAPH, AND THAT COULD JUST BE SUCH A VALUABLE TOOL FOR US AS WE MAKE FUTURE DECISIONS AROUND MAJOR INVESTMENTS IN FUTURE BOND PROGRAMS. ANOTHER THING WE'D REALLY LIKE TO, TO KIND OF TAKE A DEEP DIVE ON IS COST RECOVERY GOALS AND STRATEGY BY THE PROGRAM.

AND THAT'S DISTINGUISHED FROM CORE PROGRAM AREA.

SO IF YOU THINK ABOUT A CORE PROGRAM AREA THAT WOULD BE LIKE HEALTH AND FITNESS, THERE ARE LOTS OF PROGRAMS WE OFFER UNDER THAT UMBRELLA, BUT THIS WOULD BE DRIVING AND DIALING IN WHAT IS AN APPROPRIATE COST RECOVERY FOR ZUMBA WATER AEROBICS.

SO NOT, NOT SETTING A COST RECOVERY AT THE HIGHEST LEVEL, BUT ACTUALLY DRILLING DOWN AND HAVING VERY SPECIFIC COST RECOVERY GOALS BY PROGRAM.

AND THEN OF COURSE THE, THE MASTER PLAN IS GONNA HAVE ALL SORTS OF TRADITIONAL ELEMENTS, MISSION AND VISION ANALYSIS, SURVEYING, COMMUNITY ENGAGEMENT PIECE, UM, ALL THAT SORT OF STUFF THAT'S REALLY KIND OF THE, IT'S ALMOST LIKE A PREREQUISITE THAT HELPS YOU INFORM THESE KIND OF BIGGER VISIONING EXERCISES THAT WE TALKED ABOUT ON THE PREVIOUS SLIDE.

SO, UM, THIS WAS A SHORT PRESENTATION, BUT UH, I WANTED TO TRY TO KIND OF PAINT A BIT OF A PICTURE OF WHAT WE'RE WORKING TOWARDS AND AS FAR AS TIMELINE AND NEXT STEPS.

THIS IS, YOU KNOW, THESE THINGS TYPICALLY TAKE SOME TIME, RIGHT? SO THESE ARE EIGHT TO 24 MONTH PROCESS THAT HAVE TO GO THROUGH PROCUREMENT, ET CETERA, ET CETERA.

AND ULTIMATELY WOULD COME BEFORE THIS BOARD AND COUNCIL TO VOTE ON A CONTRACT.

BUT WE WANTED TO, TO INTRODUCE THE TOPIC TODAY, SOLICIT FEEDBACK.

BEFORE I START, I JUST WANTED TO SAY, UH, I MEAN BEFORE I TAKE THE QUESTIONS ON MADAM CHAIR, UH, AS RYAN MENTIONED, AND YOU ALL HAVE MENTIONED THIS AND THIS ME SEVERAL TIMES, MS HAS BEEN, AND YOU ALL MENTIONED IT, WHAT'S MY VISION? WHAT'S MY PLAN FOR THE FUTURE FOR THE PARK SYSTEM? JUST LIKE MY PREDECESSORS BEFORE ME, EACH ONE OF THEM UNDERTOOK A PLAN THAT, YOU KNOW, THROUGH THE BOARD, YOU KNOW, WHAT IS GONNA BE THE VISION FOR THIS PARK SYSTEM FOR THE NEXT 10 TO 15 YEARS? AND THOSE PLANS HAVE PAID DIVIDENDS.

IS IS WHAT I MENTIONED.

I MEAN, RENAISSANCE PLAN, FAST FORWARD 20 YEARS LATER, YOU'RE LOOKING AT ALMOST A BILLION DOLLARS WORTH OF PARTNERSHIP.

UM, FEDERAL DOLLARS HAS BEEN MATCHING.

'CAUSE WE HAD A PLAN, WE WAS ABLE TO FOLLOW THAT PLAN WITH THE, UH, 2003, I MEAN 2006 BOND PROGRAM AND THEN THE, THE 2017.

SO ONE THING ABOUT THE PARK DEPARTMENT KNOW WE BELIEVE IN THESE TYPE OF LONG-TERM COMPREHENSIVE PLANS BECAUSE EACH ONE OF 'EM IS GONNA GIVE US VERY SPECIFIC OBJECTIVES TO ACHIEVE TO EACH ONE OF THOSE GOALS.

THE LAST ONE, THAT LAST COMP PLAN I THINK WE ACCOMPLISHED ALMOST WAS 95%.

THANK

[00:45:01]

YOU.

SO WE NEED THIS DOCUMENT.

UH, WE BRIEFED THE PTE COMMITTEE, IT WAS ON A SEPARATE SUBJECT, BUT THIS, THAT I MENTIONED, THAT BOARD HAS BEEN UNDERTAKE APPROVING A, A COMPREHENSIVE PLAN BECAUSE WE'RE CHALLENGED ALL THE TIME ABOUT HOW CAN WE MAKE THIS A SUSTAINABLE PARK SYSTEM.

AND LET ME TELL YOU, SOMEONE'S BEEN IN THIS PROFESSION FOR MANY YEARS.

I'VE WATCHED IT WHERE THIS PROFESSION IS ONLY ABOUT, YOU KNOW, PASSIVE TYPE OF RECREATIONAL ACTIVITIES WHEN THE INDUSTRY HAS CHANGED NOW AND WE'RE COMPETING WITH OTHER POTS THAT WE DIDN'T HAVE TO COMPETE AGAINST 30 YEARS AGO.

AND IF WE DON'T COME UP WITH SUSTAINABLE PARKS, AND SO, AND I WILL SAY THIS, I THINK ALL PARKS SYSTEMS ACROSS THIS COUNTRY IS GONNA FACE A TRAIN WRECK BECAUSE THERE'S A DEMAND FOR THE SERVICES.

AT THE SAME TOKEN, THERE'S COMPETING PRIORITIES AND THESE PARKS AND THESE REC CENTERS AND POOLS ARE VERY EXPENSIVE.

BUT I DO THINK WE CAN, THROUGH THIS PLAN, WE WILL COME UP WITH A MODEL TO MAKE SURE THAT WE ARE STILL ABLE TO OFFER FREE PROGRAMMING, BUT ALSO BALANCING BETWEEN FREE AND FEE BASE.

AT THE SAME TOKEN, GETTING SMART ABOUT CAN WE PARTNER WITH FOLKS JUST LIKE WE PARTNER WITH FOLKS ON OUR PARKS, IT'S ABLE TO PROVIDE FREE PROGRAMMING LIKE THEY, LIKE CLYDE WARREN THAT PROVIDES FREE PROGRAMMING YEAR ROUND SOUTHERN GATEWAY IS GONNA PROVIDE FREE PROGRAMMING YEAR ROUND.

THERE ARE OPPORTUNITIES FOR US TO LEVERAGE OPPORTUNITIES WHERE WE STILL CAN PROVIDE FREE PROGRAM, BUT AT THE SAME TIME AND BE SMARTER GOING FORWARD TO KEEP THIS A SUSTAINABLE PARK SYSTEM FINANCIALLY.

AND I'M GONNA TELL YOU, I DON'T LIKE BEGGING FOR MONEY EVERY YEAR.

I WANT US TO CONTROL OUR DESTINY, THEREFORE IT ALLOWS US TO SERVE THOSE WHO NEED US THE MOST.

IN THE HARDEST TIMES WE BECOME MORE FINANCIALLY SUSTAINABLE.

THOSE WHO NEED US THE MOST, WE WILL BE ABLE TO CONTINUE TO SERVE THEM AND WE WON'T SEE OUR BUDGET GET CUT.

THAT'S MY EDITORIAL.

THANK YOU DIRECTOR JENKINS.

WE'LL NOW HAVE QUESTIONS.

UH, FIRST WE HAVE MR. KAMI.

OH MY MIC.

MADAM VICE PRESIDENT.

THANK YOU.

UM, I WAS HAVING A CONVERSATION WITH PRESIDENT AGARWAL.

I SAID, WHAT A TIME TO BE ALIVE AND PARTICULARLY A PARK BOARD MEMBER FOR THE CITY OF DALLAS, UH, WITH EVERYTHING FROM THE BOND, ALL THE EXCITEMENT AROUND THE ADVOCACY AND THEN THE SUBSEQUENT VOTE.

AND NOW THE, AND NOW THIS THE COMPREHENSIVE PLAN.

UM, I HAVE BEEN FOLLOWING THE, I'VE BEEN READING THE 2016 COMPREHENSIVE PLAN FRONT AND BACK, UH, THROUGHOUT THIS WHOLE PROCESS.

AND, AND, AND MR. O'CONNOR MENTIONED SEVERAL BIG THINGS THAT ALLOWED US TO DO, BUT THERE'S ALSO SOME LITTLE THINGS LIKE LET'S CELEBRATE OUR WINS AROUND PICKLEBALL.

IN 2016, WE HAD TWO COURTS.

NOW WE HAVE A HUNDRED, MAYBE EVEN MORE, UM, SKATE PARKS.

LET'S TALK ABOUT THAT FOR A SECOND.

THAT 2016, UH, COMPREHENSIVE PLAN HIGHLIGHTED VERY NICELY THAT WE WERE SLACKING.

AND NOW WE'VE GOT BACHMAN COMING ONLINE LATER THIS YEAR AND WE GOT THREE WITH THE BOND COMING UP.

AND THE NEXT BOND, WE MIGHT HAVE THREE MORE.

UM, SO IT'S GONNA HELP US CONTINUE IDENTIFYING GAPS AND CLOSING THEM.

UH, BUT ONE THING I WANT TO TALK ABOUT IS, IS SLIDE SIX, A COUPLE THINGS.

ONE THING THAT JUST HAS SOMEONE LIKE ME A A LITTLE BIT CONCERNED, AND IT'S THE THIRD BULLET AND YOU'LL HEAR ME SAY IT NOW AND IN THE FUTURE AS THIS DEVELOPS OVER THE NEXT 15 TO 24 MONTHS OPPORTUNITIES FOR MONETIZATION OF OUR, OF OUR PARKS.

I GET IT.

I I KNOW IT.

WE, WE NEED TO EXPLORE AVENUES, BUT THE MOST IMPORTANT THING IS WE NEED TO FIND THE RIGHT BALANCE.

A LOT OF PEOPLE OUT THERE, INCLUDING MYSELF, JUST WANT PARK TO BE A PARK OF ONE OF MY RESIDENTS IN COUNCIL DISTRICT 14 HERE.

OAK LAWN MENTIONED THIS EARLIER THIS WEEK.

UH, HE ASKED THAT I HIGHLIGHT THIS AND, AND SAY, IF, IF THIS ULTIMATELY LEADS TO ANOTHER REV, SEAN CIRCA 2020 WE'RE OUT.

AND I BACK HIM UP ON THAT BECAUSE I DON'T WANNA SEE ANOTHER DEAL LIKE THAT.

UM, FOLKS IN TURTLE CREEK ARE ABSOLUTELY GONNA REACH OUT TO ME AND SAY, IS THIS GONNA BE ANOTHER SITUATION WHERE YOU GOTTA FIGHT A MASTER PLAN THAT WANTS TO MONETIZE WILLIAM B. PARK? ABSOLUTELY.

WE GOTTA STAY VIGILANT.

SO AS LONG AS FOLKS LIKE ME, UH, REMAIN ON THIS PARK BOARD, UH, WE'LL BE WATCHING VERY CLOSELY.

WE JUST WANT THE RIGHT BALANCE.

THAT'S ALL I BEG AND FOR THANK YOU.

THANK YOU MR. THAT'S A GOOD POINT BECAUSE LET ME, LET ME ASSURE YOU, MR. GREENER, I HAVE NO, UH, INTENTION OF WHEN YOU WALK INTO A PARK, HOW YOU DO TO SEE ADVERTISEMENT OR WE, WE ARE, WE ARE REALLY TALKING ABOUT JUST THINKING OUTSIDE OF BOX, ESPECIALLY IF WE ACQUIRE NEW PROPERTIES IN THE FUTURE.

THAT'S ONE

[00:50:01]

ASPECT OF THIS.

ARE THERE OPPORTUNITIES WHERE WHEN WE ACQUIRE NEW PROPERTIES, THESE ARE OPPORTUNITIES WHEN WE'RE MASTER PLANNING THAT PARTICULAR PROPERTY, ARE THERE OPPORTUNITIES FOR ECONOMIC DEVELOPMENT? ARE THERE OPPORTUNITIES WHERE WE CAN COLLABORATE ON AFFORDABLE HOUSING? UH, I MEAN WE NEED TO BE LOOKING AT A PIECE OF PROPERTY HOLISTICALLY.

WE REALLY ARE TALKING ABOUT AS WE LOOK AT NEW PROPERTIES IN THE FUTURE.

AND IF I COULD JUST ADD TO THAT, YOU KNOW, THE, THE PLAN IS GONNA BE WHAT WE WANT TO BE COLLECTIVELY AS A, AS .

AND SO IT CAN AND SHOULD BE REFLECTIVE OF EVERYONE'S COLLECTIVE OPINIONS.

AND MY PERSONAL OPINION IS THESE TYPES OF THINGS THAT WE'RE TALKING ABOUT ARE ONLY APPROPRIATE IN CERTAIN TYPES OF PARTS.

NEW PARK OR PERHAPS LARGE PARTS.

YOU KNOW, WHEN YOU THINK ABOUT, AND WHEN I THINK ABOUT THEY WERE THE PARKS, THOSE ARE REALLY COMMUNITY ANCHORS AND IN FACT THEY SERVE AS PEOPLE'S BACKYARDS IN A LOT OF CASES.

SO IN THE CASE OF NEIGHBORHOOD PARK, IT'S REALLY NOT APPROPRIATE IN MY OPINION, TO HAVE A LOT OF THINGS THAT ARE FLASHING AT 'EM OR THINGS THAT ARE, THAT ARE NOT SUITED FOR SOMEONE'S BACKYARD.

SO I THINK AS WE GO THROUGH THIS PROCESS, ALL THAT STUFF IS GONNA BE KIND OF SIFTED OUT AND, YOU KNOW, HOPEFULLY AN OUTCOME WOULD BE THAT EVERYONE IS, IS FULLY EMBRACED THE IDEA OF CONSIDERING THIS OR CONSIDERING THAT FOR CERTAIN TYPES OF OPPORTUNITIES.

SO IT'S, IT'S GONNA BE A LONG PROCESS AND IT'S GONNA BE A VERY INCLUSIVE PROCESS AND LOTS OF OPPORTUNITY FOR ENGAGEMENT AND SURVEY AND ALL SORTS OF THINGS.

SO, UM, I THINK THE, THE, THE BIG PICTURE TAKEAWAY THOUGH IS IT WOULD BE A POSITIVE THING FOR THE PARK SYSTEM TO BE ABLE TO CONSIDER THINGS THAT HAVEN'T BEEN CONSIDERED PREVIOUSLY IN THE RIGHT CIRCUMSTANCE.

THANK YOU.

CONTINUE PARK MR. MAYBE ALSO THAT THE RENAISSANCE PLAN, I THINK THERE WERE OVER THERE WAS OVER PROBABLY 200 COMMUNITIES.

THAT IS WHY THERE WAS SO MUCH BUY-IN, IN THAT RENAISSANCE PLAN BECAUSE WE TOOK, I I KNOW WE TOOK ALMOST 18 MONTHS DEVELOPING THE PLAN AND I MEAN WE WENT THROUGH EVERY STAKEHOLDER, EVERY SCHOOL, EVERY NEIGHBORHOOD THAT WAS OVER TOO MUCH.

THIS, THIS HAS TO HAVE COMMUNITY WHAT WON'T WORK.

THANK YOU.

THANK YOU DIRECTOR JENKINS.

THANK YOU MADAM.

UH, YEAH, THANK YOU FOR THE, THIS THIS FIRST STEP IN WHAT WE'RE TRYING TO DO HERE.

AND, AND, AND ONE OF THE THINGS IF, IF YOU GUYS SAW YOUR CHARTER REVIEW, ONE OF THE THINGS THAT'S BEEN BROUGHT TO THE CITY COUNCIL IS A 10% BUDGET THAT THE PARKS DEPARTMENT WILL GET 10% OF THE ANNUAL BUDGET.

I DON'T KNOW IF YOU ALL SAW THAT OR NOT, BUT, UH, I'M, I'M SAYING THAT YOU COULD TALK TO YOUR COUNCIL MEMBER.

I THINK IT WAS, UH, I THINK THE AMENDMENT WAS BROUGHT UP BY CHAD WEST.

UM, SO MAKE SURE YOUR COUNCIL MEMBERS BEHIND IT ALSO HELPS SOME OF OUR PLANNING WHEN WE'RE TALKING ABOUT GETTING THE ACTUAL 10% OF THE $3 BILLION BUDGET THAT WE GOT.

YOU KNOW, THAT'S A BIG NUMBER WHEN YOU THINK ABOUT THE, WE WE'RE ASKING FOR 1 21.

THEY WANT TO, THEY'RE TRYING TO GIVE LIKE ONE 11 THIS YEAR OR SOMETHING LIKE THAT.

A A $10 MILLION CUT, SOMETHING LIKE THAT.

BUT MY NUMBERS MIGHT BE WRONG.

RACHEL CAN HELP OUT WITH THE NUMBERS LATER, UM, IN SUMMERTIME.

BUT MY NUMBERS ARE OFF .

UM, AND, AND, AND, AND A COUPLE THINGS YOU MENTIONED THERE, AND I LOVE THAT IS THAT WE GOT THE BIG PICTURE REC CENTERS OR IF WE WANNA CALL 'EM REC CENTERS COMMUNITY CENTERS INSTEAD OF NO MAR WE TALKED ABOUT MARTIN WEIS EARLIER.

IT'S A SMALL RED CENTER THAT WAS BUILT IN 60, 65 IF I REMEMBER CORRECTLY.

UM, AND IT'S SMALL.

YES, WE'RE GONNA GET A REMODEL ON A A LITTLE BIT OF ADDITION, BUT IT'S STILL GONNA BE SMALL COMPARED TO LIKE SINGING HILLS A MODEL.

SINGING HILLS IS BEAUTIFUL AND, AND IT'S STILL, I THINK IT'S SENIOR HILL IS STILL KIND OF SMALL FOR THE NEIGHBORHOOD, BUT IT'S ONE OF OUR BIGGEST REC CENTERS THAT WE HAVE.

UM, BUT WE GOT GOTTA THINK OUT OF THE BOX AND HOPEFULLY WITH THIS PLAN WE DO, WE'RE THINKING ABOUT REGIONAL REC CENTERS, COMMUNITY CENTERS, UM, AND MAKE 'EM BIGGER SO MORE PEOPLE CAN COME TO 'EM AND THEN STILL HAVE THE LOCAL HUBS.

UH, I KNOW THAT ONE TIME WE TALKING ABOUT A 40 BUCKNER, UH, REGIONAL CENTER ALSO IN OUR BOND.

IT DIDN'T MAKE THE COMPLETE UH, BOND PACKAGE BUT IT GOT SOME DOLLARS FOR IT OR SOMETHING LIKE THAT.

WE CAN MAKE BIG AND MAKE IT A REGIONAL HUB FOR THE NEIGHBORHOOD.

IT BE A COMMUNITY NEIGHBORHOOD REGIONAL CENTER FOR YOU TO COME FROM ALL OVER AQUATICS.

AND WHEN WE'RE TALKING ABOUT AQUATICS HERE, WE SHOULD BE THINKING ABOUT INDOOR AQUATICS VERSUS OUTDOOR AQUATICS CENTERS.

EVERYBODY'S DOING 'EM BUT US, UH, WHERE GRAND PRAIRIE OPEN UP A BIG HUMONGOUS ONE.

IF YOU HAVEN'T VISITED YET, YOU SHOULD.

THAT SHOULD BE SOMETHING WE SHOULD

[00:55:01]

BE THINKING ABOUT DOING.

LANCASTER HAS ONE, HASN'T ONE FOR YEARS.

IT'S NOT AS BIG AS GRANDPARENT, BUT IT'S BIG.

WE SHOULD THINK ABOUT AQUATICS, DO IT INDOOR VERSUS OUTDOOR FOR NOW ON SO WE CAN USE THE COMPLETE YEAR VERSUS ONLY SUMMERTIME, THREE TO FOUR MONTHS.

SO THEN IT'S PLANNED.

SO SOMETHING WE SHOULD REALLY THINK ABOUT JUST GOING, GOING AFTER THE INDOOR, NO MORE EYE DOORS, YOU KNOW, AND JUST KEEP UP.

WE HAVE MAINTAINED BUT ADD 'EM THAT, BUT I CAN'T AND, AND I GOTTA BACK UP MR. KAINE'S SUGGESTION.

WE GOTTA HAVE THE RIGHT SPONSOR FOR THE RIGHT PARKS ALL THE TIME.

NOT JUST, WE'RE GONNA BLANKET COCA-COLA EVERYWHERE 'CAUSE THEY'RE GIVING US THE MOST MONEY.

THAT MIGHT NOT BE WHAT WE WANNA BE AT, BUT WE GOTTA TAKE OUR DOLLARS FOR MAYBE OUR ATHLETIC FIELDS OR SOMETHING LIKE THAT TO HELP US MAINTAIN THOSE.

UM, OH, I'M OUTTA TIME.

I'M READY.

ALRIGHT.

UM, AND, AND JUST RIGHT, FIND THE RIGHT FUNDING SOURCES IS MY POINT FOR THAT.

BUT I THINK THAT WHAT WE'RE TRYING TO DO IS GOING IN THE RIGHT DIRECTION.

THANK YOU.

THANK YOU MR. WETA.

OKAY, WE'LL GO TO, UH, MR. DICKEY AND THEN MS. UH, COLLINS BRATTON, UH, AND THEN BACK TO MS. HUY.

UH, MR. DICKEY.

THANK YOU MADAM CHAIR.

UM, I'VE MENTIONED THIS TO MR. O'CONNOR EARLIER, BUT ON THE PREVIOUS COMPREHENSIVE PLAN, UM, I WOULD, UH, HOPE THAT THAT HAD, AS DIRECTOR JENKINS SAID, THAT GAVE US SOME SPECIFIC OBJECTIVES TO ACHIEVE.

SO BEFORE WE GET FULLY INTO THE NEW COMPREHENSIVE PLAN, I WOULD HOPE WE WOULD GO BACK OBJECTIVE BY OBJECTIVE AND SEE DID WE MAKE IT? DID WE NOT MAKE IT? IS IT WORTH IF WE DIDN'T MAKE IT, DO WE WANT TO CONTINUE IT INTO THE NEW COMPREHENSIVE PLAN OR JUST BASICALLY OUR OWN REPORT CARD ON HOW WE DID WITH OUR OBJECTIVES ON THE FIRST COMPREHENSIVE PLAN, I THINK, OR THE 2016 COMPREHENSIVE PLAN.

I THINK THAT'S A CRITICAL STEP WE SHOULD, STAFF SHOULD TAKE AND I WOULD RECOMMEND IT.

UH, THE SECOND THING IS THIS NEW COMPREHENSIVE PLAN, I UNDERSTAND IT SEEMS TO BE DIRECTED LARGELY TOWARD FINANCIAL STABILITY AND FINANCIAL ECONOMIC DEVELOPMENT, UH, WHICH WE HAVE TO HAVE A SUSTAINABLE PARK SYSTEM.

BUT I WOULD, UH, AGREE WITH MR. KARIMI AND MR. HUERTA THAT WE NEED TO BE CAREFUL BECAUSE PARKS FOR PROFIT AND PRIVATIZING AND MONETIZING PARKS IS A NATIONAL TREND.

IT'S CREATED BY NECESSITY, BUT IT CREATES GREAT CONTROVERSY.

AN EXAMPLE WOULD BE THE PROPOSAL THAT UNDER THIS APPROACH WOULD SOUND IMMINENTLY REASONABLE, WHICH WOULD, LET'S PUT A RESTAURANT AT WHITE ROCK LAKE.

WELL, THERE ARE GREAT ARGUMENTS FOR THAT IN TERMS OF HOW IT CAN HELP.

I MEAN, IT'S A BEAUTIFUL SCENE.

IT'S LIKE WE CAN TAKE ADVANTAGE OF IT.

AND THAT'S ACTUALLY, THERE WAS AN ENORMOUS FIGHT A FEW YEARS AGO OVER THAT BECAUSE YOU HAD THE PEOPLE GO, LOOK, THIS IS NOT EVERYBODY CAN GO SPEND $70 TO HAVE A NICE UNIT AT WHITE ROCK TO HAVE LUNCH.

UH, AND YOU'RE GOING TO END THE VIEW AT WINFREY POINT.

SO THOSE KINDS OF CONSIDERATIONS I WOULD HOPE WOULD BE TAKEN INTO ACCOUNT.

SAME THING WITH THE RECENT DOW THEATER CENTER PROPOSAL.

UH, THAT'S ALL ABOUT MONETIZING AND DOING ALL THAT KIND OF STUFF.

WELL, THERE WAS A LOT OF RESISTANCE.

SO JUST LIKE MR. KAMI, I WOULD HOPE WE'D TAKE A MIDDLE PATH.

AND, AND ON THIS ROUND I'D JUST LIKE TO END WITH THE NEW COMPREHENSIVE PLANS FOCUSED HEAVILY ON ECONOMIC DEVELOPMENT AND FINANCIAL SUSTAINABILITY.

BUT HUMAN DEVELOPMENT NEEDS TO BE IN THERE, UH, AND AND, AND TO FOCUS ON WHAT ARE WE DOING FOR THE LEAST AMONG US WHO CAN'T AFFORD, FOR EXAMPLE, TO GO TO SUMMER DAY CAMP AND THINGS LIKE THAT.

SO, UM, I DON'T SEE A LOT OF THAT.

HOPEFULLY THAT WILL COME OUT OF A REVIEW OF WHAT, HOW WE DID THE LAST COMPREHENSIVE PLAN.

BUT I WANT TO JUST SAY I HOPE THAT WE HAVE A STRONG EMPHASIS ON HUMAN DEVELOPMENT, UH, AND NOT JUST THE MONETIZING AND CAPITAL SIDE.

IF I CAN RESPOND TO THAT, I, I VERY CLEARLY UNDERSTAND YOUR POINT.

AND I, I WOULD HOPE THAT AN OUTCOME OF THIS PLAN WOULD BE TO DEVELOP STRATEGIES THAT WOULD BE ABLE TO MONETIZE CERTAIN THINGS FOR THOSE THAT CAN AFFORD 'EM IN ORDER TO PROVIDE FREE OR LOW COST FOR THOSE THAT MAY NOT BE ABLE TO.

SO IT IS, IT'S ACCOMPLISHED THE OBJECTIVE, BUT JUST IN A DIFFERENT WAY BY MONETIZING SOMETHING OVER HERE THAT YOU CAN USE TO, TO BENEFIT THE COMMUNITY IN A LOW, LOW COST OR FREEWAY OVER HERE.

SO I, I FULLY UNDERSTAND YOUR POINT AND IT'S, UH, IT'S UNDERSTOOD.

YEAH, JUST MR. DICKEY.

I AGREE A HUNDRED PERCENT AND JUST, I KNOW THE PUBLIC IS LISTENING.

I WANT TO BE CLEAR TO THE PUBLIC , IT IS NOT, THIS IS A, TO UNDERTAKE A PLAN, , AND AS EACH BOARD MEMBER HAS MENTIONED, THAT WE ARE GONNA REASSURE THE PUBLIC.

WE ARE NOT GONNA JUST GO MONETIZE

[01:00:01]

THE ENTIRE PARK SYSTEM.

THAT IS NOT OUR INTENT.

IT'S SUPPOSED TO UNDERTAKE A PLAN WHERE THERE ARE OPPORTUNITIES TO MONETIZE WITHOUT CONFLICTING WITH THE COMMUNITY LIKE WHITE ROCK LAKE.

WE WOULDN'T, IF IT CONFLICTS WITH THE COMMUNITY, WE'RE NOT MOVING FORWARD WITH IT.

AND I WANNA MAKE THAT CLEAR.

'CAUSE I KNOW HOW THINGS, UH, MAY BE TAKEN OUT OF CONTEXT, , BUT I WANNA BE CLEAR TO THE PUBLIC, IT IS NOT OUR INTENT TO CREATE A PLAN TO MONETIZE EVERY PARK IN THIS PARK SYSTEM AND NOT ADHERE TO THE WISHES OF THE COMMUNITIES, THE SURROUNDING COMMUNITIES.

THIS WILL BE A PLAN THAT WILL BE, IT WILL BE DONE VERY METHODICAL.

WE WILL BE TAKING OUR TIME AND EVERY COMMUNITY WILL HAVE A SAY IN THIS PLAN, AND THEN THE BOARD WILL HAVE THE FINAL PROOF OF THE PLAN.

I WANT TO CLEAR THAT UP.

BUT WE HAVE TO, WE HAVE TO PUT BOLD SOMETIME.

WE NOT GONNA THINK BOLD AT THE EXPENSE OF COMMUNITIES AND NEIGHBORHOODS.

IF THE TWO CONFLICT JUST WANNA BE CLEAR REEMPHASIZE THAT ANY, ANY DIVIDEND CONFERENCE FINDING EFFORTS STARTS, ENDS WITH COMMUNITY ENGAGEMENT.

AND IF THE OUTCOME OF A PLAN ISN'T SUPPORTED AND REFLECTIVE OF THE COMMUNITY'S WISHES, THEN IT'S WORTHLESS.

SO IT, IT REALLY STARTS AND ENDS WITH THE DESIRES.

THANK YOU, UH, MS. COLLINS.

BRETT.

RIGHT.

GOOD MORNING.

UM, SO I, I REALLY THINK THIS IS A GOOD STRATEGY.

I MEAN, REALLY THIS IS EFFECTIVELY THE STRATEGIC PLAN FOR THE DEPARTMENT.

UH, AND WHILE I, I, I REALLY LIKE SOME OF THE CREATIVE THINKING AROUND E-GAMING AND THE CONSULTANT THAT WE BROUGHT IN AROUND RACKET SPORTS.

'CAUSE AGAIN, I THINK THAT, THAT, UM, WE HAVE TO THINK OUTSIDE THE BOX, ESPECIALLY BECAUSE THIS PLAN IS GONNA BE PREPARING FOR THE NEXT BOND PROGRAM.

BUT I'M GONNA SOUND LIKE MS. HASTY HERE, UM, IN