[South Dallas Fair Park Opportunity Fund Regular Board Meeting on September 30, 2024. ]
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IS PRESENT.UH, SO MS. LIPSKA, I'M GONNA SKIP OVER AND JUMP TO NUMBER SIX, WHICH IS THE NEW NO FOR AWARDEES.
UH, ARE YOU OKAY WITH, WITH GOING THROUGH THE NEW ROUND OF, OF AWARDEES? SURE.
NOW, JUST TO SET THIS UP, UM, THE THREE AWARDEES THAT WE HAD FOR FEBRUARY, UH, REMEMBER WE HAD A TOTAL OF 200,000 THAT WE CAN AWARD, UH, PER YEAR.
AND SO, UH, HEATHER, YOU KNOW, GIVE, GIMME THE CORRECT NUMBER, BUT YEAH, IT'S ON SLIDE 15 IF YOU WANNA START THERE.
UM, SO WE, WE'VE AWARDED IT OUT, JUST SAID THERE'S $200,000 THAT YOU'RE ALLOWED TO AWARD PURPOSEFUL YEAR FOR THE THE NOVAS, AND WITH THE PREVIOUS AWARD IT WAS 109,736 AND 35 CENTS.
SO THERE'S $90,000, $263 AND 65 CENTS THAT CAN BE AWARDED IN THIS FISCAL YEAR.
I'LL ALSO NOTE THE NEW FISCAL YEAR STARTS TOMORROW.
SO THERE'S A COUPLE OF OPTIONS ON HOW YOU CAN PROCEED.
UM, AND THEN JUST A NOTE THAT THE, THE QUALIFYING APPLICANTS REQUESTED $131,510 OF FUNDING.
SO THEY REQUESTED MORE THAN WHAT IS AVAILABLE.
SO, SO, UH, THE LONG AND SHORT OF THAT, JUST TO, JUST TO RECAP THAT, WE HAVE 200,000 THAT WE CAN AWARD.
109 HAS ALREADY BEEN COMMITTED OUT, WHICH LEAVES US WITH JUST OVER 90,000.
NOW, UH, THE FOLKS THAT WERE RECOMMENDED THIS EVENING, THOSE TOTAL MORE THAN 90,000, SO WE HAVE THREE OPTIONS.
UH, WE CAN RECOMMEND, UH, ANY OF 'EM FOR APPROVAL OR DENIAL, NUMBER ONE.
UH, NUMBER TWO, WE CAN APPROVE ALL THREE FOR FULL FUNDING.
BUT WHAT THAT MEANS IS THAT ONE OF THEM WILL GET PUSHED, UH, TO THE NEXT FISCAL YEAR, WHICH MEANS OCTOBER.
OR WE CAN AMEND THE RECOMMENDED AMOUNTS FOR ANY AND ALL OF THESE, WHICH MAY GET IT UNDER THE 90.
SO, DOES EVERYBODY, EXCUSE ME, DOES EVERYBODY, UH, IS EVERYBODY CLEAR ABOUT, UH, WHAT'S WHERE WE ARE IN TERMS OF STATUS BEFORE WE REVIEW THESE? OKAY.
JUST, JUST FOR CLARIFICATION, IF YOU DO WANNA FUND ALL OF THEM IN FULL, YOU WOULD NEED TO DEFER ONE UNTIL THE OCTOBER MEETING.
SO WITH THAT, UH, HEATHER, I'LL LET YOU JUMP INTO GOING THROUGH THE RECOMMENDED ORGANIZATIONS FOR, UH, THIS LATEST.
SO, YOU KNOW, WE, AS I, WE MENTIONED AT THE LAST MEETING THERE WERE 13 APPLICANTS, UM, UNDER THE NOFA PROGRAM REQUIREMENTS, OR THE, THE PROGRAM STATEMENT, UM, APPLICANTS THAT SCORE OVER 80 POINTS ARE RECOMMENDED, PRESENTED TO THE BOARD FOR FUNDING.
SO WE HAD THREE THAT, UM, SCORED OVER 80 POINTS IN THIS ROUND, UM, AND DELAWARE ON SLIDE 12, OR GABBY, I DON'T KNOW WHO'S RUNNING IT.
UM, AND SO THE, THE HIGHEST SCORE WAS BCL OF TEXAS, AND THEY ARE WORKING ON A PERSONAL FINANCE INITIATIVE FOR ENTREPRENEURS.
THEY WOULD DO TWO COHORTS, UM, FOR SMALL BUSINESS ASSISTANCE.
THEY WOULD ALSO PROVIDE $500 OF MATCHING FUNDS, UM, FOR PEOPLE WHO ARE SUCCESSFUL TO HELP THEM LAUNCH THEIR BUSINESS.
THE SECOND IS THE DALLAS PRESTIGE GROUP, AND THEY SCORED 88.33 POINTS.
THEY REQUESTED, UH, $60,000, UM, TO AS TO AUGMENT THEIR PRESTIGE PARTNERS PROGRAM, WHICH IS A WEEKLY YOUTH LEADERSHIP DEVELOPMENT PROGRAM, UM, AND MENTORING FOR STUDENTS.
AND THEN THE FINAL AWARDEE WAS FOR THEM, AND THEY SCORED 86 POINTS.
UM, AND THEY SUPPORT AFTERSCHOOL FEEDING SITES IN THE SOUTH DALLAS FAIR PARK AREA.
I'LL NOTE ALL THREE OF THESE APPLICANTS DID MEET THE 50% MATCHING REQUIREMENT, AND YOU CAN SEE THAT DALLAS PRESTIGE GROUP AND FOR THEM WAS SIGNIFICANTLY OVER THAT 50% MATCHING REQUIREMENT.
UM, THAT'S A SUPER QUICK OVERVIEW IF YOU'RE ABLE, I DON'T KNOW IF IT CAN EVERYONE ELSE SEE THOSE I ONLINE? YEAH, I, IT LOOKS LIKE YOU'RE ALL, LIKE, YOU'RE REFERENCING A SLIDE, AND IF SO, IF YOU GUYS ARE ABLE TO SHARE THOSE SLIDES, THAT WOULD BE AMAZING.
MS. PEEVY, CAN YOU ALL SEE THE SCREEN NOW? YES, IT'S COMING IN CLEAR.
WERE, WERE YOU ABLE TO SEE ANY OF, UH, ANY OF THAT AT ALL? NO, WAS COVERED, BUT MY AUDIO
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CAME IN CLEARLY, BUT NO, BUT THIS IS HELPFUL.I MEAN, I FELT LIKE I WAS TRACKING WHAT SHE WAS SAYING, BUT THERE WASN'T GRAPHICS.
DOES ANYBODY HAVE ANY QUESTIONS THAT YOU SHOULD HAVE ALSO RECEIVED THIS IN THE, UH, THE DATA ROOM LINK AS WELL? UM, SO HOPEFULLY YOU HAD AN OPPORTUNITY TO, TO REVIEW THOSE, UH, IN THE DATA ROOM, UH, THAT WAS SENT OUT TO EVERYBODY.
ARE THERE ANY QUESTIONS, COMMENTS, FEEDBACK, OR RECOMMENDATION ON ANY OF THESE ORGANIZATIONS? HEARING, HEARING NONE, MS. LIPSKA ON THE DALLAS PRESTIGE GROUP, DO YOU KNOW HOW THEY'RE TRACKING OUTCOMES? UH, SO I, I WASN'T ENTIRELY CLEAR WITH YEAH.
SOME OF THE INFORMATION THAT I SAW THERE.
SO THEY HAVE SOME, THEY'RE DOING, SOME PART OF THEIR FUNDING IS FROM THE GIRL SCOUTS IN NORTHEAST TEXAS TO KIND OF TRACK AND MONITOR.
THEY'VE MENTIONED A LOT OF PERFORMANCE MEASURES IN THEIR APPLICATIONS.
I WOULD SAY AS WE MOVE THESE TO CONTRACT, WE WOULD HAVE TO DEVELOP CLEARER NUMBERS OF HOW MANY STUDENTS ARE ACTUALLY IMPACTED, BECAUSE THAT WAS THE NUMBER I NEVER SAW ON THERE, RIGHT? LIKE, WE DON'T KNOW WHAT THAT SCOPE IS.
WE KNOW THAT THERE'S MULTIPLE SCHOOLS THAT THEY'RE DOING THIS PROGRAM IN.
WE KNOW THERE'S MULTIPLE GRADES, BUT WE DON'T KNOW THE SPECIFICS OF HOW MANY STUDENTS ARE GONNA BE SERVED PER SCHOOL YEAR OR SEMESTER.
SO THAT TYPE OF INFORMATION WE WOULD NEED TO WORK THROUGH AS WE, BEFORE WE PUT THEM UNDER CONTRACT.
SO THAT'S VERY CLEAR ONCE THEY'RE UNDER CONTRACT.
AND IS THIS A NEW PROGRAM, UH, THAT'S SPECIFIC TO, TO THIS AREA? OR IS THIS SOMETHING THAT THE DALLAS PRESTIGE GROUP ARE, ARE, IN OTHER WORDS, ARE THEY TRYING TO EXPAND THEIR FOOTPRINT AND INCLUDE MORE SCHOOLS THAT THEY'RE SERVING? OR WHAT, WHAT EXACTLY IS IT THAT THEY'RE, UH, MY READ ON THIS, AND AGAIN, I, I HAVEN'T TALKED TO THEM, I'VE ONLY GONE THROUGH WHAT'S ON THE PAPER, IS IT WOULD BE AN ADDITIONAL FUNDING SOURCE TO SUPPORT THIS PROGRAM FOR THEM.
SO IT'S AN AUGMENTATION OF THE PROGRAM, BUT NOT A NEW PROGRAM.
UM, AND I HAVE THE SAME QUESTIONS FOR, UH, FOR THEM AS WELL.
UM, I WASN'T CLEAR IF THAT WAS SOMETHING THAT WAS ALREADY ESTABLISHED.
UH, WAS IT A PILOT FOR, FOR SOUTH DALLAS? UH, SPECIFICALLY FOR THIS AREA? UM, CAN YOU SPEAK TO THAT OR? YEAH, SO FOR THEM SPECIFIED IN THEIR APPLICATION THAT THEY WOULD BE ADDING SIX TO 10 FOOD SITES WITH THIS ADDITIONAL FUNDING.
SO THEY HAVE EXISTING SITES ALREADY.
THEY HAVE A PARTNER THAT PROVIDES THEM WITH FUNDING FOR THIS, BUT THE SOUTH DALLAS FAIR PARK OPPORTUNITY FUND FUNDING WOULD ALLOW THEM TO SERVE ADDITIONAL AFTERSCHOOL SITES.
ARE THERE ANY OTHER QUESTIONS? UH, MS. SIMS? YES.
ON THE DALLAS PRESTIGE GROUP? MM-HMM.
UM, I'M HAPPY TO, YOU KNOW, DO THAT AND WE CAN COME BACK AND TALK ABOUT IT IN OCTOBER.
THEY SAID THEY HAVE 25 VOLUNTEERS THAT THEY'RE AFFILIATED WITH.
IT'S NOT SUPER CLEAR HOW THEY MATCH UP AND HOW THAT PARTNERSHIP WORKS.
ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK MR. MARQUEZ? YES.
ON THE SCORING SYSTEM, I KNOW IT'S A 80 POINT, UM, YOU KNOW, PASSING RATE TO COME TO THE BOARD.
IS THERE ANY GUIDELINES ON OUR POLICY OR ON OUR STATEMENT ABOUT THE KPI OR PM, YOU KNOW, MEASUREMENTS AND IF SO, WOULD THAT BE HAVE, BE AN AMENDMENT IF WE DECIDE TO PUSH THAT ROUTE? SO RIGHT NOW THERE'S RECOMMENDATION THAT THERE ARE GOALS AND OUTCOMES IN THE NOFA, WHAT THAT LOOKS LIKE, THERE'S NOT STRUCTURE TO THAT.
AND SO, AGAIN, AS YOU MOVE FORWARD WITH YOUR FUTURE ISSUANCES OF NOFA, I THINK WE MIGHT WANNA PUT A LITTLE BIT MORE OF A FRAMEWORK AROUND THAT SO THAT WE KIND OF, WE HAVE A LITTLE BIT MORE APPLES TO APPLES FOR COMPARISON PURPOSES.
'CAUSE RIGHT NOW IT'S A LITTLE BIT ALL OVER THE BOARD.
UM, AND SO I MEAN THE, WE NEED TO MAKE SURE, LIKE AS WE'RE WORKING THROUGH THE CONTRACTS, THAT WE HAVE A VERY CLEAR UNDERSTANDING OF WHAT WE'RE PAYING FOR.
UM, SO THAT'S SOMETHING WE WILL DO BEFORE WE PUT THEM UNDER CONTRACT.
WE MIGHT HAVE TO REVISE SOME SCOPES OF WORK TO DO THAT, UM, BECAUSE THE, YOU KNOW, WE WANNA MAKE SURE THAT YOU CAN SAY, HEY, WITH THE $60,000, WE HAD 40 KIDS WHO WENT THROUGH THIS MENTORING PROGRAM, LIKE, THAT'S PRETTY CLEAR.
UM, AND SO THAT'S SOMETHING WE NEED TO WORK WITH.
I JUST WANTED TO KNOW WHAT THE ROI WAS AND THOUGHT I WAS CURIOUS, SO THANK YOU.
ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK ABOUT ANY OF THESE ORGANIZATIONS? MS. SIMS?
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OKAY.UH, ANY ANYONE ONLINE? I DON'T SEE ANY HANDS.
UH, MR. MARCUS, I JUST GIVE ANY, I WOULD LIKE TO GIVE FEEDBACK.
UM, BCL TEXAS, I KNOW PERSONALLY MR. JAMIE THERE FROM WORK IN THE PAST, SO I HOPE THAT WE, UM, AS COLLEAGUES AND, AND TRUST FEEDBACK FROM ME.
UM, THAT'S A DEFINITELY GROUP I APPRECIATE.
I KNOW THAT IS PRESTIGE GROUP AND FOR THEM PROBABLY ARE DOING WELL AS WELL.
BUT I WANNA SPEAK FOR BCL TEXAS, THAT THEY DO PHENOMENAL WORK AND SO WE CAN PASS THE WORK THAT THEY'RE DOING BECAUSE THEY DO PHENOMENAL WORK IN FINANCIAL LITERACY.
AND THAT'S LITERALLY ABOUT WHAT WE DO HERE ON THIS BOARD.
UH, REALLY QUICKLY I WANNA ACKNOWLEDGE, UH, UH, THE PRESENCE OF MR. DAWKINS.
MR. DAWKINS, COULD YOU, UH, SPEAKING TO THE MICROPHONE, ACKNOWLEDGE YOUR PRESENCE? UH, BILL DAWKINS, UH, APOLOGIES FOR MY LATENESS.
IS THERE ANY OTHER QUESTIONS, COMMENTS OR FEEDBACK OR FROM ANY OF THESE ORGANIZATIONS? MS. PEEVY? YEAH, I JUST HAD A QUICK QUESTION.
UM, I, YOU KNOW, HAVE, HAVE LOOKED INTO DCL, LOOKED INTO DALLAS PRESTIGE GROUP, UM, AND, AND BOTH, YOU KNOW, LIKE I, I LOVE HEARING CHRISTIAN'S, UM, FEEDBACK BECAUSE IT ALLOWS ME, YOU KNOW, THAT ADDITIONAL NUANCE, UH, FOR THEM.
IT COULD BE BECAUSE THE, THE NAME IS JUST HARD OR MAYBE THEY'RE NOT REALLY ONLINE, BUT I'D LOVE TO KIND OF HEAR MORE.
DOES ANYONE KNOW ABOUT THIS ORGANIZATION OR HAVE EXPERIENCE WITH THEM? I COULDN'T FIND ANYTHING ABOUT THEM ONLINE WHATSOEVER.
WHICH ORGANIZATION WERE YOU REFERRING TO? MS. PEEV.
IT'S ALWAYS SO, SO CONFUSING TO SAY IT IN A SENTENCE, BUT YES, FOR A, A CAPITAL F, CAPITAL T FOR THEM.
SO THEY ARE, OR I THINK FOR THEM IS A DBA, IF THAT HELPS.
AND SO THEIR ORGANIZATION NAME IS SEARCH LIFE INC.
ANY OTHER COMMENTS, QUESTIONS, OR FEEDBACK ABOUT ANY OF THESE ORGANIZATIONS? OKAY, I'M HEARING NONE.
AND KEEP IN MIND IF THERE'S ANYTHING THAT, THAT THE BOARD, UH, DEEMS NECESSARY TO, TO HOLD, UH, FOR MORE INFORMATION, UH, THAT'S ALSO, UH, UH, SOMETHING THAT CAN BE, UH, PROPOSED, UH, AS A, AS A MOTION, UM, AS WELL.
SO IF THERE ARE NO MORE QUESTIONS, UH, I'M SORRY, WHO YOU SPEAKING? I'M SORRY.
NO, IS AARON, I CAN ALSO JUST CUT IT.
UM, I THINK FOR ME, I FEEL LIKE I WOULD NEED TO KNOW MORE ABOUT FOR THEM.
YOU KNOW, IT SOUNDS LIKE A WONDERFUL PROGRAM.
UM, BUT EVEN WHEN I TRY TO SEARCH SEARCH LIFE INC IT COMES OUT AS PERMANENTLY CLOSED.
AND SO I'M JUST TRYING TO FIGURE OUT, I'M SURE THEY'RE WONDERFUL.
I'M JUST TRYING TO UNDERSTAND THEM BETTER.
BUT IF, IF ANYONE ELSE HAS STRONG FEELINGS TOWARDS THAT, I'D LOVE TO HEAR ABOUT IT.
DOES ANYONE ELSE HAVE ANY COMMENTS, UH, REGARDING, UH, THE ORGANIZATION FOR THEM, UH, RELATING TO AARON'S QUESTION? ALL RIGHT, I'M HEARING NONE.
SO, UH, WE'LL MOVE TO MOTIONS FOR EACH OF THESE INDIVIDUALLY.
SO WE'LL START WITH BCL OF TEXAS.
IS THERE A MOTION I MOTION TO APPROVE? SO MOVED BY MR. MARQUEZ.
IS THE MOTION TO APPROVE, UH, FOR THE FULL AMOUNT? YES, SIR.
IS THERE A SECOND, MR. HUGHES ON THAT? ARE YOU SECONDING THAT? YES.
UH, RIGHT BEFORE WE TAKE A VOTE, WAS MS. BROOKS ABLE TO GET ON? DID WE KNOW? OKAY.
UM, OKAY, SO IT'S BEEN MOTION AND SECOND FOR BCL OF TEXAS.
BCL HAS BEEN APPROVED FOR FULL FUNDING OF THE FULL AMOUNT OF $36,510.
NEXT IS THE DALLAS PRESTIGE GROUP.
IS THERE A MOTION FOR DALLAS PRESTIGE GROUP? IS THERE A MOTION FOR DALLAS PRESTIGE GROUP? MAY I MOTION CHAIR TO PUT IT ON THE FISCAL YEAR FOR NEXT YEAR.
IS THERE A SECOND TO THAT MOTION? I SECOND.
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SECOND BY, UH, MO, MOVED BY, UH, MR. MARQUEZ, SECOND BY MS. SIMS. ALL IN FAVOR OF PUSHING DALLAS PRESTIGE GROUP OUT TO THE NEXT FISCAL YEAR, UH, FOR MORE INFORMATION? AYE.UH, ALL IN FAVOR OF THAT? AYE.
ANY OPPOSED? OKAY, AYES HAVE IT.
UH, DALLAS PRESTIGE GROUP WILL BE MOVED, UH, TO THE NEXT FISCAL YEAR PENDING FURTHER REVIEW FOR THEM.
IS THERE A MOTION ON FOR THEM? CHAIR? I'D LIKE TO MAKE A MOTION TO TABLE THIS TO THE NEXT FISCAL YEAR AS WELL, PENDING MORE INFORMATION ABOUT THE ORGANIZATION.
MOTION TO TABLE BY MR. ENRIQUEZ.
ANY OPPOSED? AYES HAVE IT FOR THEM WILL BE MOVED, UH, TO THE NEXT FISCAL YEAR, PENDING FURTHER REVIEW.
UH, NEXT AGENDA ITEM, WE WILL MOVE TO AN UPDATE OF THE SOUTH DALLAS FAIR PARK OPPORTUNITY FUND.
CAN WE GET A, CAN SOMEBODY, I MEAN, WHAT TYPE, WHAT TYPE OF INFORMATION WOULD YOU WANT? WHAT DO YOU NEED FOR US TO BE BETTER, YOU KNOW, TO HAVE THE INFORMATION YOU NEED FOR THE NEXT MEETING SO I CAN TALK TO THE, UM, RESPONDENTS.
SO I'M, I WANNA MAKE SURE THAT I'M GIVING YOU ENOUGH INFORMATION TO MAKE A VOTE NEXT WEEK OR NEXT MONTH.
UM, AND OBVIOUSLY I KIND OF GLEANED ALL I CAN FROM THE APPLICATION.
SO WHAT, WHAT ARE YOU LOOKING FOR THAT WOULD MOVE THIS FORWARD? I THINK WHAT WOULD BE GOOD, UM, FOR BOTH OF THEM IS THE NUMBER OF FOLKS THAT THEY'RE TRYING TO TARGET.
AND THEN FOR DALLAS PRESTIGE GROUP, HAVE THEY ALREADY RECRUITED THE YOUNG PEOPLE OR DO THEY NEED TO GO OUT AND RECRUIT THEM? AND WHICH SCHOOLS ARE THEY RECRUITING FROM? I THANK, THANK YOU, MS. SIMPSON.
MR. MARQUEZ, DO YOU HAVE COMMENTS? YES, I WOULD JUST LIKE A LITTLE BIT MORE DETAILS OF HOW THE HUMAN CAPITAL IS GONNA BE USED.
IS THAT FOR WORKFORCE? IS IT FOR PROGRAMMING? IS IT FOR MARKETING? IS IT TO GET IT UP AND RUNNING? UM, AND JUST A LITTLE BIT MORE BASIC INFORMATION THAT JUST WAS, WAS ASKED FOR THAT WE DIDN'T RECEIVE TODAY.
ANY OTHER COMMENTS, UH, FROM, UH, MR. DAWKIN THAT YOU HAVE? YEAH, I, I CAN, THIS IS SOMETHING THAT WE'VE COVERED BEFORE WITH REGARD TO INFORMATION THAT WE'VE GOTTEN FROM APPLICANTS.
AND IT SEEMS TO ME THAT WE KEEP RUNNING INTO THE SAME PROBLEM IN TERMS OF HOW MUCH IS ENOUGH AND WHAT THAT LOOKS LIKE.
I REALIZE IT WOULD BE DIFFICULT TO STANDARDIZE THAT INFORMATION, BUT IF THERE ARE CERTAIN QUESTIONS WITH REGARD TO, UH, SPECIFICS, KEY METRICS, INDICATORS, SOMETHING THAT WOULD BECOME A PART OF THE APPLICATION PROCESS, THEN WE WOULDN'T HAVE TO KEEP GOING BACK.
AND I DON'T THINK IT'S THE FAULT OF THE GATHERING BODY.
IT MAY BE JUST THE FAULT OF THE APPLICATION ITSELF, BUT THIS ITERATIVE PROCESS AND PUSHING PEOPLE BACK, PARTICULARLY WHEN PEOPLE THINK OR KNOW THAT THEY, THEY'RE COMING BEFORE THIS BODY IN ORDER TO GET APPROVED AND THEY GET PUSHED BACK FOR A MONTH, THAT KINDA SEEMS DISHEARTENING.
SO I WONDER IF THERE'S A WAY TO STANDARDIZE OUR OVERALL ASK FROM THE BEGINNING SO THAT WE DON'T HAVE TO KEEP DOING THIS, SO TO SPEAK.
AND THAT'S DEFINITELY ON OUR AGENDA, THINGS TO DO, UM, BECAUSE I THINK THE APPLICATION COULD BE WRITTEN MORE CLEAR AND SO THAT PEOPLE ARE ANSWERING THE QUESTIONS THAT WILL ACTUALLY BE HELPFUL FOR DECISION MAKING.
UM, AND WE'LL PUT IN, YOU KNOW, A QUESTION OF HOW MANY PEOPLE WILL YOU SERVE? LIKE THAT SHOULD BE A QUESTION IN THE APPLICATION, AND IT'S NOT CURRENTLY A QUESTION IN THE APPLICATION.
SO WHEN THERE'S A LOT OF OPPORTUNITY TO PROVIDE A TON OF NARRATIVE, YOU SOMETIMES LOSE THE DETAILS OF WHAT'S REALLY IMPORTANT.
AND IT'S GONNA BE DIFFERENT FOR EACH COMPANY, RIGHT? IT'S GONNA BE COMPANY SPECIFIC, FOR EXAMPLE, DOG LIFE, RIGHT? WELL, THEY DON'T SERVE PEOPLE.
THEY HAVE A, A SEPARATE APPLICATION ENTIRELY.
SO THEY HAVE A, ON THE, ON THE NOFA, YOU KNOW, THAT'S ALL HUMAN DEVELOPMENT.
SO THAT'S ALL GONNA BE PEOPLE SERVED.
WE'LL HAVE ONE STANDARD APPLICATION FOR THAT.
AND THEN THERE WILL ALSO NEED TO BE A DIFFERENT ECONOMIC DEVELOPMENT APPLICATION THAT WILL BE DIFFERENT WITH COMPANY SPECIFIC, WITH QUESTIONS WITH COMPANY SPECIFIC.
THANK YOU FOR THE QUESTION, MR. DAWKINS.
IS THERE ANY OTHER COMMENTS, UH, AS IT RELATES TO INFORMATION, UH, THAT YOU WOULD LIKE ON EITHER ONE OF THESE ORGANIZATIONS, EITHER DALLAS PRESTIGE GROUP OR FOR THEM, UH, FROM ANYBODY ONLINE? I WAS JUST GONNA ADD, UM, FOR THEM, I WAS GOING THROUGH THE, UM, THEIR, UH, SUBMITTAL, UM, THAT WAS IN THE, THE DOCUMENTS THAT YOU ALL SHARED.
UM, AND JUST TRYING TO, TO MAKE SURE THAT I UNDERSTOOD CORRECTLY.
BUT, UH, IT WAS LISTING SPECIFIC SITES, UM, AND WHERE THE KITCHEN WOULD BE AND THEIR NUMBER OF PARTICIPANTS.
UM, AND SO, YEAH, I GUESS FOR ME, I'M, I'M
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JUST TRYING TO MAKE SURE THAT I, LIKE, I WANT TO ANSWER WHAT ADDITIONAL QUESTIONS WE NEED TO KNOW, BUT I THINK I NEED TO BE MORE UP TO DATE.AND SO I'M TRYING TO GO THROUGH THIS TO JUST DISTILL AS QUICKLY AS POSSIBLE, YOU KNOW, WHAT I, WHAT FEELS LIKE THEY'VE ALREADY GIVEN US, AND WHAT QUESTIONS WE HAVE FROM THAT.
UM, BECAUSE SEEING, UM, THEIR, YOU KNOW, OUTCOME MEASURES AND, YOU KNOW, THEY HAVE GOALS TO ENROLL A MINIMUM OF A HUNDRED FAMILIES A YEAR, AND THEY TALK ABOUT THEIR SPECIFIC SERVICE AREAS, UM, AND SOME OF THE DETAILS OF THE, I GUESS THEIR AWARD LETTER FROM SOMEONE ELSE FOR THE BUDGETED SITES.
SO, ANYWAYS, I'M RAMBLING, BUT, UM, YEP.
I CAN JUST TYPE UP SOME QUESTIONS.
YEAH, I WAS GONNA MENTION, UH, MS. PEEVY, IF YOU HAVE SOME ADDITIONAL QUESTIONS THAT COME UP, UH, FEEL FREE TO, TO CIRCULATE THOSE, UM, AS WE'LL, YOU KNOW, GO THROUGH AN INFORMATION GATHERING PHASE, UH, ANYWAY FOR THESE.
SO, UH, FEEL FREE TO CIRCULATE ANY QUESTIONS THAT YOU HAVE, UH, THAT MAY COME UP RELATED TO THAT.
AND IF ANYBODY HAS QUESTIONS, YOU CAN JUST SEND IT TO ME BY THE END OF NEXT WEEK.
AND THAT SHOULD GIVE ME ENOUGH TIME TO GET TO THE COM OR THE ORGANIZATIONS AND THEN GET RESPONSES AND GET IT BACK TO YOU.
SO IF THAT'S REASONABLE ON A TIMELINE, I'M HAPPY TO CONSOLIDATE AS MANY QUESTIONS AS Y'ALL HAVE TO GET IT BACK TO YOU.
UH, AND ONE LAST POINT, UH, TO, TO MR. DAWKINS' COMMENT, UH, THAT, THAT IS SOMETHING REVAMPING, UH, THE APPLICATION IS SOMETHING THAT IS BEING TACKLED IN, UH, IN OUR, OUR SUBCOMMITTEES.
SO, UM, ANY, UH, QUESTIONS, COMMENTS, FEEDBACKS, UH, FEEDBACK REGARDING THE NOFA? OKAY, I'M HEARING NONE.
SO WE'LL MOVE ON TO THE NEXT AGENDA ITEM AND WE'LL CIRCLE BACK AROUND TO, UH, AGENDA ITEM NUMBER FIVE, UH, WHICH IS THE REVIEW OF THE SOUTH FAIR CDC PROJECT.
UH, KEEP IN MIND THAT THE APPLICANT, UH, IS ON THE LINE AND AVAILABLE TO ANSWER QUESTIONS.
SO WE'LL LET HEATHER GO THROUGH THE PRESENTATION OF THE PROJECT, UH, AND WE'LL HOLD ALL QUESTIONS UNTIL THE END, PLEASE.
IT'S TAKEN A LITTLE BIT OF TIME TO DEVELOP, UM, AND IT HAD BEEN WITH SBC AND IT HAS COME BACK TO OUR DEPARTMENT.
UM, AND YOU CAN SEE WHERE IT'S LOCATED.
IT'S KIND OF IN THE RIGHT, IN THE HEART OF SOUTH DALLAS.
THIS PROJECT IS SPONSORED BY SOUTH FAIR CDC, WHICH IS A 5 0 1 C3.
UH, ANNIE EVANS, WHO IS ON THE LINE, IS THE PRESIDENT OF SOUTH FAIR.
UM, THIS ORGANIZATION HAS BEEN AROUND SINCE 1991.
ITS PRIMARY FOCUS IS ON PROVIDING SUSTAINABLE, AFFORDABLE, LOW, UH, HOUSING FOR LOW AND MODERATE INCOME FAMILIES, UM, THROUGH MULTIFAMILY SINGLE FAMILY, UH, ECONOMIC DEVELOPMENT, HOME BUYER COUNSELING AND CONNECTIVITY THROUGH SOCIAL SERVICES.
THEIR PRIMARY FOCUS WITHIN THE SOUTH DALLAS FAIR PARK AREA IS THE JEFFREY MEYERS NEIGHBORHOOD.
UM, AND IMPORTANTLY, THEY HAVE INVESTED MORE THAN 35 MILLION IN SOUTH DALLAS FAIR PARK OVER THE PAST 30 YEARS.
THEY HAVE CREATED MORE THAN 400 HOUSING UNITS, AND THEY ALSO HAVE ONE SMALL COMMERCIAL DEVELOPMENT THAT THEY HAVE, UH, COMPLETED.
SO THIS SPECIFIC PROJECT IS LOCATED ON CURRENTLY TWO LOTS, UH, THAT HAVE BEEN REPLANTED INTO ONE THAT'LL BE A HALF ACRE.
UH, THE LOCATION RIGHT NOW ARE 26 45 MERLIN STREET AND 28 0 1 AL LIPSKI WAY.
THIS PROJECT IS A TWO PHASE RETAIL AND OFFICE AND COMMUNITY PROJECT.
THE TOTAL PROJECT IS APPROXIMATELY 11,000 SQUARE FEET, AND WE'RE CONSIDERING PHASE ONE TODAY.
UM, SO PHASE ONE IS A GROUND, A NEW GROUND UP DEVELOPMENT OF 4,859 SQUARE FEET THAT'S LOCATED ON THE NORTH CORNER OF MALCOLM X BOULEVARD AND EL LIPSCOMB.
UH, THE PROPOSED PROJECT WILL PROVIDE NEW OFFICE AND RESTAURANT SPACE, UH, AND THE OFFICE SPACE CAN MORPH INTO SMALL RETAIL AND OFFICE SPACES TO BE USED FOR NEIGHBORHOOD ENTREPRENEURS.
UM, AT THE TIME OF APPLICATION, THERE WERE FOUR FULL-TIME JOBS TO BE CREATED AND THREE RETAINED.
AND THE TENANTS AS OF TODAY ARE SOUTH FAIR, CDC, AND THEY WOULD OCCUPY 3009 SQUARE FEET, WHICH MAY LATER BE DIVIDED.
UM, AND, AND IRENE'S KITCHEN AT 1800 SQUARE FEET.
THE TOTAL PROJECT COST IS APPROXIMATELY 2.3 MILLION, WHICH INCLUDES
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ONE POINT OR 121,500 FOR THE LAND EQUITY, WHICH IS CONTRIBUTED AS THE OWNER EQUITY.AND THE CONSTRUCTION BUDGET IS APPROXIMATELY 1.9 MILLION.
UH, AND THE CONSTRUCTION START DATE IDEALLY IS JANUARY 1ST, 2025.
UH, AND YOU CAN SEE ON HERE THERE'S A SITE PLAN, UH, RENDERING OF WHAT THAT PHASE ONE BUILDING WOULD LOOK LIKE.
SO THIS PROJECT CAME TO US WITH BANK FUNDING, UH, COMMITTED FROM BOTH VISTA BANK AND TEXAS MEZZANINE FUND, UM, AND AN ADDITIONAL GAP THAT THEY WERE SEEKING ASSISTANCE ON.
UPON STAFF REVIEW AND UNDERWRITER REVIEW.
THE PROJECT COULDN'T SUPPORT THE DEBT DUE TO THE INTEREST RATE FROM THE SENIOR LENDER.
UM, AND THE INITIAL CASH FLOW WAS NEGATIVE 43,617 ANNUALLY.
SO WHAT WE ARE RECOMMENDING, UM, IS A SOUTH DALLAS FAIR PARK OPPORTUNITY FUND LOAN TO REPLACE THE SENIOR LENDER OF 1.19 MILLION, WHICH WILL SERVE AS A SENIOR LOAN.
THE INTEREST RATE WILL BE AT 2.5%.
IT'LL HAVE A 25 YEAR AD IZATION WITH A 10 YEAR TERM.
UH, IT'S A CONSTRUCTION ONLY PERIOD, UH, WILL BE INTEREST ONLY.
IT'LL BE DISPERSED INTO A CONSTRUCTION MANAGEMENT ACCOUNT THAT TEXAS MEZZANINE FUND WILL BE, UM, OVERSEEING.
IT'LL BE MANAGED THROUGH A SINGLE DRAW, UM, THROUGH WITH TMF.
AND THEN WITH THE REVISED STRUCTURE, THE CASH FLOW IS BELOW, SO IT'S CASH FLOWING POSITIVE, WHICH OBVIOUSLY MAKES IT A MUCH STRONGER PROJECT.
UM, THE LOAN WAS SIZED BASED ON THE LTV AT A HUNDRED PERCENT, AND THE FAIR MARKET VALUE IS PROJECTED TO BE 1.998 MILLION.
JUST TO NOTE THAT THE UNDERWRITER FOR THIS IS GROW AMERICA, WHICH IS A CDC, UH, CDFI THAT HAS EXTENSIVE, UM, LOAN AND THIS TYPE OF DEVELOPMENT.
SO IT'S SOMEBODY THAT OUR DEPARTMENT HAS BEEN USING FOR THE PAST THREE YEARS PLUS.
UM, AND THEY DO BUSINESS LOANS AND THEY DO REAL ESTATE LOANS AND THEY ARE CDI, SO THEY'RE COMMITTED TO LMI NEIGHBORHOODS.
THEY UNDERSTAND THE CHALLENGES IN THOSE NEIGHBORHOODS.
SO THE PROPOSED FUNDING, UM, THE SOURCES WOULD BE 1.19 AS AN OPPORTUNITY FUND LOAN, THE TMF GRANT OF 6 75, THAT WAS IN THEIR INITIAL UM, APPROACH.
WE'RE ALSO PROPOSING A SOUTHERN DALLAS INVESTMENT FUND GRANT OF 312,500 FOR THE REMAINING GAP.
THIS WILL ACTUALLY END UP MOST LIKELY BEING BRIDGED BY TMF.
SO SHE HAS ALL HER FUNDING AT THE BEGINNING, SO SHE CAN START CONSTRUCTION, UH, THE LAND EQUITY IN THE, IN THE SOURCES.
AND SO THE TOTAL PROJECT IS AT 2.3 MILLION.
IF YOU LOOK ON THE OTHER, THE RIGHT HAND SIDE, YOU CAN SEE THE USES INCLUDES THE ONSITE IMPROVEMENTS, THE LAND, THE CONSTRUCTION, THE A AND E, THE DEVELOPER FEE, AND THE LEASE OF EXPENSES.
SO THAT IS THE CONSTRUCTION BUDGET FOR THIS PROJECT.
UM, AND THEN IN TERMS OF THE AGREEMENT CONDITIONS, SORRY, I KNOW THAT'S A LOT OF REALLY SMALL PRINT, UH, BUT WE WILL BE GETTING QUARTERLY REPORTS DURING CONSTRUCTION.
ALL JOBS THAT ARE DIRECTLY CREATED BY THE PROJECT MUST PAY A LIVING WAGE, WHICH IS CURRENTLY $22 AND 6 CENTS.
THE CITY WILL BE IN THE FIRST LIEN POSITION.
UM, THE FUNDING WILL CLOSE WITH THE LOAN FROM TMF AND INTO THAT CONSTRUCTION DISBURSEMENT ACCOUNT.
UM, THAT'S APPROVED BY THE CITY OF DALLAS AND TMF.
THEY'LL FOLLOW A TRADITIONAL CONSTRUCTION DRAW PROCESS.
SO, UM, THAT, YOU KNOW, THE CONTRACTORS ARE GETTING PAID, THE WORK IS GETTING DONE.
AND THEN IN TERMS OF COMPLIANCE FOR THE LOAN, UM, THE LOAN WILL BE IN COMPLIANCE.
WHEN THE CONSTRUCTION IS DONE, THE FINAL COS ARE OBTAINED, THE RETAIL OFFICE SPACE IS OPEN TO THE PUBLIC, AND THAT THE BUILDING IS 60% LEASED AND OCCUPIED.
AND THEN ON THE NEXT SLIDE, WE JUST HAVE A RENDERING OF THE PROJECT.
UM, SO THAT IS WHAT IT WILL LOOK LIKE.
UM, AND ANNIE IS ON BOARD TO ANSWER ANY QUESTIONS THAT YOU MIGHT HAVE SPECIFIC TO THE DEVELOPMENT.
ARE THERE ANY QUESTIONS, UH, COMMENTS OR FEEDBACK FROM EITHER HEATHER OR THE APPLICANT REGARDING MALCOLM'S POINT? MS. SIMS? YES.
UM, I TOO WANNA TOOT SOUTH BEAR'S, UM, HORN HERE.
THEY'VE BEEN VERY SUCCESSFUL IN HOUSING DEVELOPMENT, UM, IN THE PAST.
BUT I ALSO, UM, WANNA ASK A QUESTION ABOUT THE BUILDING AND HOW THINGS WILL BE, UM, DIVIDED UP.
DO WE SEE SOUTH FAIR ON THE LEFT AND ON IRENE'S ON THE RIGHT, OR IS IT VICE VERSA? UM, IT'S MY UNDERSTANDING THAT SOUTH FAIR WOULD WELL, AND I'LL LET ANNIE ANSWER, MAYBE I'LL LET ANNIE ANSWER THAT, BUT I BELIEVE THE OUTDOOR SPACE IS DESIGNED FOR THE, THE RESTAURANT SIDE OF IT.
UM, BUT ANNIE, DO YOU WANNA CONFIRM THAT? YEAH.
I APPRECIATE, UM, THE OPPORTUNITY.
UM, THANK YOU HEATHER, SO MUCH FOR WORKING SO HARD, UM, TO PULL THIS TOGETHER.
BUT AS FAR AS THAT PHASE ONE, WE DO SEE ON IRENE'S, UM, HAVING THE FULL FACE,
[00:30:01]
UM, BECAUSE AT SOUTH FAIR IS A NONPROFIT, WE DON'T NEED THE STREET FRONTAGE PER SE.UM, SO AUNT IRENE'S, UM, SHE'S A VERY POPULAR SEAFOOD RESTAURANT HERE IN SOUTH DALLAS.
AND SO SHE WOULD HAVE THAT FRONT PART AND THAT, UM, THE AREA THAT YOU SEE WHERE THEY'RE SITTING AND THINGS LIKE THAT, UM, THAT WILL BE KIND OF AN EXTENSION OF, UM, THAT RESTAURANT SPACE.
ANYONE CAN SIT THERE AND HAVE LUNCH.
YOU DON'T HAVE TO HAVE LUNCH FROM ON RES TO SIT THERE AND ENJOY, YOU KNOW, UM, THE OUTSIDE VIEWS.
DID THAT ANSWER YOUR QUESTION, MS. SIMS? YES.
ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK, UH, FOR MS. EVANS ON MALCOLM'S POINT CHAIR? I HAVE A QUESTION, MS. MARQUEZ, CAN WE GO BACK A COUPLE SLIDES ON PHASE ONE? I KNOW THERE'S TWO PHASES FOR IT, SO I HAVE A FEW QUESTIONS, UM, WHEN IT COMES THERE.
WITH APPLAUDING, I KNOW ONE CONCERN WAS THAT, UM, THERE WAS GONNA BE SOME PROPERTIES AS WELL, MS. EVANS, DO YOU MIND SPEAKING TO THAT? UM, OR IS IT JUST STRICTLY JUST A RETAIL LOCATION? UM, REPEAT THAT FOR ME.
I KNOW THERE'S A PHASE ONE AND A PHASE TWO, AND THIS IS JUST STRICTLY ON PHASE ONE AND WE CAN DISCUSS, YOU KNOW, HOW THE PROJECT WILL WORK INTO PHASE TWO.
SO, YEAH, SO, UM, PHASE TWO WILL BE A TWO STORY, UM, A LITTLE BIT OVER 7,000 SQUARE FEET.
UM, AND IN THAT SPACE WE HAVE, UM, VARIOUS INTERESTS.
UM, ALSO WE HAD LOOKED AT SOUTH FAIR'S OFFICE PHASE BEING IN THAT PHASE TWO, BUT WE'RE OPEN.
WE COULD BE IN PHASE ONE OR PHASE TWO.
AND ALSO A COMMUNITY SPACE, UM, WILL BE IN THAT PHASE TWO.
IT'LL BE A MEETING SPACE, JUST AN OPEN SPACE FOR FOLKS TO COME AND CELEBRATE BIRTHDAYS, GRADUATIONS, THINGS LIKE THAT.
UM, 'CAUSE SOME FOLKS IN THE NEIGHBORHOOD DON'T HAVE THE OPTION TO GO, YOU KNOW, UP 75 TO THE URBAN AIR OR WHEREVER TO CELEBRATE A BIRTHDAY.
SO WE WANTED TO MAKE A LOCAL LOCATION FOR FOLKS TO, UM, DO THAT.
AND WE'LL CHARGE A NOMINAL FEE.
THAT'LL BE COURSE INCOME FOR SOUTH FAIR, BUT ALSO AN OPPORTUNITY FOR THE COMMUNITY, UM, A SPACE FOR THEM TO GATHER.
AND WE HAD TALKED ABOUT, WE WANTED THE DALLAS POLICE DEPARTMENT TO HAVE, UM, I DON'T KNOW IF THEY CALL IT A STOREFRONT, BUT JUST A LITTLE AREA.
AND THERE'S NO CHARGE TO DPD WHERE THEY WOULD, UM, HAVE A SPACE FOR POLICE OFFICERS TO COME TAKE A BREAK.
THEY WANNA WARM UP THEIR LUNCH OR USE THE RESTROOM.
JUST A SMALL SPACE, UM, WITHIN THAT OFFICE BUILDING.
UM, WE HAD SOME INITIAL DISCUSSIONS WITH THAT.
LOOKS LIKE THEY WON'T BE ABLE TO, UM, DO THAT, UM, FOR THEIR, YOU KNOW, WHAT THEY HAVE TO GET APPROVED.
BUT, UM, WE WOULD STILL LOVE TO HAVE SOMETHING LIKE THAT.
AND THEY BRING THE SENSE OF SECURITY TOO, UM, TO THE AREA TO SEE POLICE CARS, YOU KNOW, COMING IN AND OUTTA THE NEIGHBORHOOD.
UM, ONLY OTHER COMMENT I HAVE IS I HOPE THAT ALL THE COMMISSIONERS SEE THE GREAT WORK OR HAVE HEARD THE GREAT WORK THAT SOUTH FAIR DOES.
UH, MS. EVANS AND MS. MARYANN THERE DO PHENOMENAL WORK.
SO I, I FULLY BACKED THEIR PROJECT AND THE NUMBER AMOUNT FOR A NONPROFIT, UM, KIND OF SCARES ME, RIGHT? 'CAUSE IT'S OVER A MILLION.
BUT I KNOW HEATHER AND MS. EVANS HAVE HAD, HAD A LOT OF CONVERSATIONS, SO I JUST HOPE YOU GUYS SUPPORTED IT, LIKE I KNOW I WILL AND THE GREAT WORK THAT THEY DO IN SOUTH DALLAS.
THERE ANY, UH, OTHER QUESTIONS, COMMENTS, OR FEEDBACK? YEAH, THIS IS AARON.
I JUST WANTED TO SECOND SOME OF YOU KNOW, UH, COMMISSIONER KIMBERLY AND, UM, COMMISSIONER MARQUEZ'S, UH, OR COMMISSIONER SIMS AND MARQUEZ'S FEEDBACK.
UM, HUGE FAN OF THE WORK THAT YOU GUYS ARE DOING.
UH, AND I WOULD LOVE TO, YOU KNOW, IF THERE ARE WAYS TO HELP YOU GUYS IN ADDITIONAL PHASES TO PARTNER WITH EITHER LOCAL UNIVERSITIES OR, OR OTHER WAYS TO HELP WITH DESIGN AND LIKE THINKING THROUGH SOME OF THAT, UM, YOU KNOW, PLEASE, PLEASE LET ME KNOW.
I THINK THIS IS REALLY WONDERFUL MEANINGFUL WORK IN THE COMMUNITY.
MS. BEBE, ARE THERE ANY OTHER QUESTIONS, COMMENTS OR FEEDBACK, UH, FOR MS. EVANS ON MALCOLM'S POINT? I JUST WANT, I HAD A QUESTION.
I WAS JUST KIND OF LOOKING AT THE MAP, MAKING SURE I WAS CLEAR ON THE LOCATION.
IT'S RIGHT BY BILLY DADE, CORRECT? THE OLD AND NEW BILL DAD.
IS THERE ANY, JUST OUTTA CURIOSITY, IS THERE ANY LIKE COLLABORATION OR, UM, I DON'T KNOW, WITH, WITH BILL DAD TO MAYBE OFFER SOME STUFF FOR THE KIDS TO DO OR ANYTHING LIKE THAT? YEAH, SO, UM, WE HAD SOME INITIAL CONVERSATIONS WITH, UM, ON IRENE AND SOME OTHERS TO HAVE, UM, OPPORTUNITIES, UM, FOR THE
[00:35:01]
KIDDOS TO LEARN COOKING 'CAUSE UM, YOU KNOW, SHE CAN COOK.UM, SO THERE'S OPPORTUNITIES THERE.
AND ALSO I'M ON THE DAY, UM, THE OLD DAY BUILDING, UM, COMMITTEE TO MAKE SURE WE SEE THAT THAT BUILDING AND SPACE BE UTILIZED WITH THE BEST BENEFIT, UM, OF THE COMMUNITY.
AND SO THERE'S TALKS ABOUT, UM, HAVING SOME TYPE OF EDUCATIONAL PIECE, LIKE A CAREER CENTER OR SOMETHING, UM, LIKE THAT.
SO SKILLS TRADE AND SO WE'LL, WE WOULD LOVE TO HAVE THE OPPORTUNITY TO CONNECT THAT, THAT POTENTIAL PROJECT WITH SOUTH FAIR AND BE ABLE TO OFFER, UM, SKILLS TRAINING THROUGHOUT THE, FOR THE BUSINESSES THAT, YOU KNOW, WILL OCCUPY THE SPACES.
ARE THERE ANY OTHER QUESTIONS, COMMENTS OR FEEDBACK RELATED TO MALCOLM'S POINT? UH, I'VE GOT A FEW QUESTIONS.
UH, MS. ANNIE, UM, CAN YOU SPEAK TO ON, ON THE FINANCIALS, UM, AS IT RELATES TO, UM, THE, THE CASH FLOW? WILL MALCOLM'S POINT ACTUALLY HAVE A LEASE AND I BELIEVE AUNT AUNTIES HAVE A LEASE AS WELL? IS THAT WHERE THE, THE CASH FLOW'S COMING FROM? CAN YOU SPEAK TO, TO, YES, YES.
IS THAT WHAT YOU ASKED? YES, YES, YES.
UH, ON ANDY'S, ON AUNTIE'S, HAVE THEY, UH, EXECUTED A LEASE OR PUT IN AN LOI, CAN YOU TALK TO US, UH, SPEAK A LITTLE BIT ABOUT WHERE, UH, WHERE WE ARE IN THAT PROCESS? YEAH.
I KNOW THAT'S A CONDITION OF, OF, YOU KNOW, WHAT WE'RE DOING HERE, BUT, UH, IF YOU COULD JUST SPEAK TO THE PROCESS THAT YOU'VE GONE THROUGH WITH THEM AND MAYBE, UH, SOME OF THE OTHER FOLKS THAT YOU'VE, UH, TALKED TO OR ABOUT, UH, PHASE ONE.
AND YOU HAVE TO NAME INDIVIDUAL NAMES, BUT IF YOU CAN JUST TELL US, UH, YOU KNOW, THE TYPES OF GROUPS THAT YOU'RE TALKING TO AND THE, THE COMMITMENTS THAT YOU HAVE FROM THEM, UH, OR THE INTEREST THAT YOU'VE HAD FROM THEM.
UH, GIVEN THAT THIS PROJECT IS ABOUT TO COME ONLINE, CAN YOU SPEAK TO ANY OF THAT STUFF? MM-HMM.
SO WE'VE HAD, UM, A LOT OF INTEREST IN THE PROJECT AS FAR AS, UM, POTENTIAL TENANTS.
A LOT OF FOLKS JUST WANNA BE IN THE SOUTH DALLAS AND BE NEAR THE
SO IT'S BEEN HARD TO, UM, SOLIDIFY LEASES 'CAUSE WE'VE HAD A NUMBER OF DELAYS WITH THE PROJECT.
BUT AS FAR AS ON IRENE, SHE IS ON POINT.
I ACTUALLY TALKED TO HER THIS WEEK 'CAUSE I KNEW THIS MEETING WAS CO WELL, LAST WEEK, I'M SORRY.
'CAUSE I KNEW THIS MEETING WAS COMING UP.
UM, SHE IS STILL, UM, EXCITED AND READY TO OCCUPY SPACE.
AND DUE TO THE FACT THAT THE PARKING REGULATIONS HAVE CHANGED, SHE CAN EVEN OCCUPY MORE SPACE AT THIS POINT.
SO SHE'S EXCITED, UM, ABOUT THAT.
UM, WE'VE ALWAYS CONTINUED TO HAVE THOSE OPEN COMMUN LINES OF COMMUNICATIONS WITH THOSE POTENTIAL TENANTS.
SHE'S ACTUALLY A HOMEOWNER IN OUR FAIR PARK STATE, UH, DEVELOPMENT.
HER, UM, SALON IS NOW IN LOUISVILLE, AND SHE DEFINITELY WANTS TO BRING IT CLOSER.
UM, SO SHE'S LOOKING AT ABOUT 12 TO 1800 SQUARE FEET FOR HER.
UM, WE HAVE A COUPLE OF CATERERS WHO ARE WANTING TO HAVE, UM, A FACE, UM, FOR THEIR CATERING BUSINESS.
UM, THEY'LL SELL SOME THINGS, YOU KNOW, OUT, OUT OF THE STOREFRONT, BUT ALSO IN THE BACK THEY'LL BE ABLE TO MANAGE, YOU KNOW, THEIR CATERING BUSINESS.
UM, ONCE AGAIN, SOUTH FAIR'S, PERMANENT OFFICE SPACES, WE'VE TALKED TO A COUPLE OF LENDERS.
UM, YOU DEFINITELY CAN'T OPEN UP A BANK ALL WILLY-NILLY, BUT THEY CAN OPEN UP, UM, LOAN OFFICES, UM, INSIDE, YOU KNOW, WHERE WHEREVER.
AND SO THAT'S A SHORTER PROCESS.
SO WE'VE BEEN TALKING TO THEM, UM, ABOUT THAT AS WELL.
SOUNDS LIKE A LOT OF, A LOT OF GREAT INTEREST AND ACTIVITY THERE.
UM, CAN YOU SPEAK TO THE NUMBER OF JOBS CREATED, UH, AND ALSO ON THE, UH, IN TERMS OF WHO YOU'LL BE USING, UH, FOR SOME OF THE SERVICES? UH, IS THERE ANY MWBE, YOU KNOW, REPRESENTATION, UH, KIND OF HOW DID YOU GUYS THINK THROUGH THAT PROCESS? YEAH.
UM, AS FAR AS THE JOBS CREATED, I THINK WE, I CAN'T, I CAN'T REMEMBER WHAT WE PUT ON THE, UM, APPLICATION.
YOU, YOU SAID FOUR? YEAH, YOU HAD FOUR, UM, VOL.
UM, IT'S SEVEN IN TOTAL AND THREE OF THEM I THINK ARE NEW AND FOUR RETAINED.
DOES THAT SOUND RIGHT? THAT IS WHAT THE APPLICATION SAID.
AND LEANER, ARE YOU REFERRING TO SOUTH FAIRS SOUTH FAIR, CORRECT.
UM, AND WHAT WAS THE SECOND PART OF YOUR QUESTION? UH, RELATED TO THE, THE CONTRACTORS AND, AND KINDA GOING THROUGH THAT PROCESS OF, UH, UH, WHO YOU'RE GONNA USE, I PRESUME YOU'VE ALREADY PICKED, YOU KNOW, WHO'S GONNA BE DOING THE WORK AND, UH, ARE, ARE THOSE FOLKS FROM THE COMMUNITY? CAN YOU SPEAK TO A LITTLE BIT ABOUT SOME OF THE PARTNERS THAT YOU'RE WORKING WITH, UH, ON THIS PROJECT? YEAH, SO, UM, OUR GC UM, H ONE CONSTRUCTION, UM, IS PARTIALLY OWNED.
UM, IT'S A MALE AND FEMALE, BUT, UM, IT'S, SO IT'S PARTIALLY WOMAN OWNED.
AND ALSO WE TALKED TO THEM ABOUT UTILIZING SOME CONTRACTORS THAT WE'VE
[00:40:01]
USED IN THE PAST.UM, SO LIKE, JUST LIKE A, UM, OH, WHAT HE CONCRETE GUY? UM, HE'S REALLY GOOD.
HE'S A, UM, OLDER BLACK GENTLEMAN.
UM, WE COULD TALK ABOUT INCORPORATING HIS BUSINESS.
IT IS ANOTHER GUY THAT DOES, HE HAS A DUMP TRUCK AND HE WANTS TO GET IN ON THE WORK, AND SO HE'S TRYING TO GET AN APARTMENT WITH US, BUT ALSO HE TOLD US ABOUT, YOU KNOW, THOSE, HIS, UM, WANTING TO HELP OUT WITH THAT.
AND SO OUR CONTRACTOR, OUR GC DEFINITELY KNOWS TO INCORPORATE THOSE FOLKS.
WE'VE TALKED ABOUT IT AND, UM, THOSE SLOTS ARE OPEN, UH, FOR THAT.
THANK YOU SO MUCH FOR MR. MARQUEZ.
CAN YOU REPEAT MS. EVANS, THE CONSTRUCTION COMPANY? YOU SAID YOU'RE GONNA BE USING H ONE.
WE WENT THROUGH A NUMBER OF ROUNDS TO GET A GC, UM, FOR THIS, UH, PHASE ONE PROJECT.
AND THE NATURE OF IT IS, IS TOO SMALL FOR THE, YOU KNOW, SMALLER, I MEAN BIG GUYS, AND IT'S TOO BIG FOR THE SMALLER GUYS.
AND SO OUR PROJECT KIND OF FELL IN THE MIDDLE OF, UM, THE INTEREST OF VARIOUS GCS.
SO IT, IT WAS A CHALLENGE, UM, TO GET A GC AND GET THOSE NUMBERS DOWN.
'CAUSE THAT WAS ANOTHER CHALLENGE, GETTING THOSE NUMBERS DOWN, UM, A LITTLE BIT UNDER 3 MILLION TO, TO KIND OF MAKE THIS PROJECT WORK.
UM, SO YOU'VE GOT, YOU'VE GOT, UH, AN ARCHITECT SOLIDIFIED, YOU HAVE A GC THAT YOU'VE VETTED THAT'S SOLIDIFIED.
UM, AND I PRESUME THAT THE NUMBERS THAT, THAT, UH, YOU PRESENTED OR, OR BASED ON THE ACTUAL CONSTRUCTION NUMBERS, UH, AS RELATES TO COST, SO YES.
UM, WHEN DO YOU ANTICIPATE, UH, THIS PROJECT GETTING UNDERWAY? UH, AS WE STAND NOW, MS. EVANS? YEAH.
ASSUMING, UM, TODAY, YOU KNOW, GO SMOOTHLY AND IF IT GOES ON TO COUNCIL, LIKE, UM, HEATHER, ESTIMATED NOVEMBER, WE'D LOVE TO START JANUARY ONE.
WHAT'S THE ESTIMATED TIME OF COMPLETION, WOULD YOU SAY? UM, SIX MONTHS.
IS IT REALISTIC TO ASSUME THAT, UH, IF, IF ALL GOES WELL, UH, YOU COULD BE OPEN AND OPERATIONAL BY THE END OF NEXT YEAR ROUGHLY? OH, YES.
IS THAT WHAT YOU TARGET? YEAH, IF WE'RE ABLE TO START JANUARY, YEAH.
I'M, I'M, UM, LOOKING AT SUMMER OPERATION, BUT DEFINITELY BY THE END OF NEXT YEAR.
MR. MARQUEZ, CAN YOU, DO YOU HAVE A PROJECTION MOVE IN DATE FOR SOUTH FAIR? UH, WE'LL AIM THAT CLOSER TO WHEN WE, UM, KIND OF GET THROUGH CONSTRUCTION, BUT WE'RE FLEXIBLE.
WE ARE, WE'RE LITERALLY NOT EVEN IN A CONTRACT, UH, WITH OUR CURRENT LEASE SPACE.
AND SO HE'S KNOWN, WE'VE BEEN WORKING ON THIS FOR A WHILE.
HE'S A GREAT LANDLORD, SO, UM, 30 DAY NOTICE FOR HIM.
ANY OTHER QUESTIONS, COMMENTS, FEEDBACK ON MALCOLM'S POINT OR QUESTIONS FOR, UH, MS. EVANS CHAIR? I HAVE A QUESTION FOR MS. EVANS.
MR. ENRIQUE, UH, MS. EVANS, JUST FOR CLARITY'S SAKE, YOU'RE SAYING ABOUT SIX MONTHS FOR COMPLETION OF PHASE ONE OR FULL PROJECT PHASE ONE.
THANK YOU, MR. ENRIQUE, ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK ON MALCOLM'S POINT? MS. EVANS? YES.
JUST OUTTA CURIOSITY, WILL, UM, THE TENANTS BE CHARGED A MARKET RATE OR WILL IT BE SOMETHING DIFFERENT? UM, RIGHT NOW, HEATHER, CORRECT ME, I THINK IT'S AT 24.
IT'S A LITTLE HIGHER THAN THAT.
AND SO THAT'S MARKET, THERE'S NO, UM, NO DISCOUNTS THERE.
UM, DEFINITELY FOR THOSE, UM, ORGANIZATIONS THAT NEED, UM, WE LOOK TO THE CITY OF DALLAS AND THOSE DIFFERENT PROGRAMS FOR ENTREPRENEURS THAT, UM, THEY CAN ASSIST THEM.
SO, AND JUST FOR CLARITY THAT YOU'RE TALKING ABOUT $28 A SQUARE FOOT, IS IS THAT YES.
DOES THAT ANSWER YOUR QUESTION, MR. AUGH? OKAY.
ANY OTHER QUESTIONS, COMMENTS OR FEEDBACK, UH, ON MALCOLM'S POINT OR QUESTIONS FOR MS. ANNIE EVANS AT, I MEAN, EXCITING, EXCITING OPPORTUNITY? ANY GAPS? ANYTHING THAT YOU, ANY OTHER GAPS THAT YOU NEED OUTSIDE OF THIS, THIS PIECE THAT WE'RE, WE'RE WORKING ON? ANY OTHER THINGS THAT YOU SEE THAT YOU COULD NEED PHASE ONE OR PHASE TWO? UM, DEFINITELY WE, WE HADN'T LOOKED AT PHASE TWO IN DETAIL.
WE WERE WAITING ON THE ZONINGS TO GET APPROVED, AND THAT HAS BEEN APPROVED, SO WE'LL LOOK AT THAT.
BUT WE'LL DEFINITELY BE COMING BACK TO YOU
[00:45:04]
THANK YOU, MS. HUGHES.ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK FROM ANYBODY REGARDING MALCOLM'S POINT CHAIR? I HAVE A QUESTION FOR MS. LIPS.
BUT YOU, THE LAST NAME I APOLOGIZE.
UH, LOOKING AT THE PROPOSED FUNDING, I KNOW THIS IS JUST FOR PHASE ONE, 2.5 INTEREST RATE WITH A 10 YEAR TERM, UM, AS US TAKING THE FIRST LIEN, UM, CAN YOU GIVE US A BIT MORE DETAILS ABOUT THAT? JUST BECAUSE I KNOW YOU, YOU SEEM CONFIDENT, I KNOW YOU'RE CONFIDENT ABOUT THAT, AND I LOVE THE INFORMATION BECAUSE THERE'S A LOT MORE, BUT YOU CAN GIVE US A BIT MORE DETAILS JUST BECAUSE THIS IS THE, THIS IS A BIG LARGE, A CHUNK OF MONEY THAT WE, THAT I'VE NEVER, I'VE EVER GIVEN ON THIS BOARD, SO I'M JUST CURIOUS ABOUT THAT.
YEAH, I MEAN, IT IS A LARGE CHUNK OF MONEY.
IT'S A MILLION DOLLARS AND, BUT THE BENEFIT IS YOU'RE IN, BECAUSE YOU'RE THE SENIOR LENDER, IT'S IN SENIOR, YOUR SENIOR LIEN POSITIONS.
SO WE WILL HAVE THE FIRST LIEN ON THE PROPERTY, UM, AND, YOU KNOW, BOTH OUR INTERNAL REVIEW AND THE UNDERWRITER REVIEW TO INDICATE THAT THERE'S PLENTY OF CASH FLOW TO MAKE THIS WORK.
UM, AND ALSO RUNNING THE CONSTRUCTION MANAGEMENT PROCESS THROUGH THAT CONSTRUCTION MANAGEMENT ACCOUNT MAKES THE DRAW PROCESS.
THERE WON'T BE CONSTRUCTION LIENS.
ALL OF THAT WILL MAKE IT A MUCH SMOOTHER PROCESS.
WE'RE NOT PAYING FOR ANY ACQUISITION.
EVERYTHING THAT WE'RE DOING IS IMPROVEMENTS.
SO IT'S BASIC, YOU KNOW, THERE'S A, WE'RE MITIGATING THE RISK THAT THE PROJECT DOESN'T GET BUILT BY GOING THROUGH THIS MUCH MORE FORMAL PROCESS.
AND ALSO JUST AN ANSWER TO YOUR QUESTION ABOUT THE LOAN, THE INTEREST RATE, RIGHT? UM, SO THE BANK WAS AT 8.5% AND THAT WAS NOT SUSTAINABLE FOR THIS PROJECT.
UM, WE INITIALLY ACTUALLY OFFERED 3%, 'CAUSE THE DEAL COULD, COULD MAKE IT WORK AT 3%.
UM, BUT ANNIE SUGGESTED AT 2.5%, THEY HAVE A LITTLE MORE BREATHING ROOM, A LITTLE BIT MORE FLEXIBILITY, MAY BE ABLE TO ADJUST SOME OF THE LEASE RATES.
SO THAT'S WHY WE ENDED UP AT 2.5%.
UM, BUT I ALSO THINK, ESPECIALLY GIVEN THIS SIZE OF THIS LOAN, IT'S REALLY IMPORTANT THAT YOU HAVE MONEY COMING BACK IN, RIGHT? LIKE THIS IS A BIG CHUNK OF MONEY.
SO YOU WANT THAT REVOLVING BACK IN.
UM, AND THE OPPORTUNITY FUND DOES HAVE CASH TO SUPPORT THIS.
AND SO MY POSITION, I THINK IS THIS, THE BOARD'S POSITION WOULD BE THAT WE WANT THE MONEY IN THE COMMUNITY AT WORK.
UM, AND SO THAT'S KIND OF HOW WE ENDED UP WHERE WE ARE ON THIS.
AND IN THE LOAN SIZE IS BASED ON THE LTV OF A HUNDRED PERCENT.
JUST WANNA MAKE SURE WE'RE CLEAR ABOUT THAT.
ANY OTHER QUESTIONS, COMMENTS OR FEEDBACK REGARDING, UH, MALCOLM'S POINT? ONE LAST QUESTION RELATED TO THAT, MS. MS. LIPSKA? UM, IS THIS FIXED RATE DEBT OR, OR FLOATING DEBT? IT'S FIXED FOR THE, THE 10 YEAR PERIOD AND THEN IT WOULD BALLOON OR SHE'LL REFI OR SOMETHING LIKE THAT AT THAT TIME, BUT IT'S FIXED FOR THE UNDERSTOOD PERIOD.
UM, SO, SO BASED ON THE OTHER FINANCING THAT WAS AVAILABLE, THIS PROJECT WOULD NOT BE POSSIBLE AT THE INTEREST RATES THAT WERE OFFERED BY OTHER POTENTIAL LENDERS, IS THAT CORRECT? YES, THAT IS CORRECT.
ANY OTHER QUESTIONS, COMMENTS OR FEEDBACK, UH, ON MALCOLM'S POINT, UH, MS. SIMS, DO WE HAVE A BALLPARK FIGURE ON HOW MUCH THAT MONTHLY LOAN WOULD BE? TWO FAVOR LOAN? I CAN GET THAT FOR YOU.
LET ME SEE IF IT'S IN MY LITTLE SPREADSHEET.
OKAY, SO, UM, AS FAR AS PHASE TWO, UM, WE SEE THAT IF I WOULD SAY PROBABLY SPRING OR CLOSE UP AROUND THAT TIME, WE WOULD BE, UM, READY TO START.
BUT THAT'S ASSUMING ALL FUNDING WOULD, YOU KNOW, BE IN PLACE SPRING OF WHEN? UM, 2020 NEXT YEAR, 2025 FOR FOR PHASE TWO PHASE? YEAH.
THAT'S THE POTENTIAL START DATE, BUT THAT'S, YOU KNOW, ASSUMING FUNDING IS IN PLACE.
I'LL GET IT TO YOU BY THE END OF THE MEETING, BUT I HAVE TO DO A COUPLE BUTTONS ON THIS.
ASIDE FROM THAT, ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK FOR MS. ANNIE EVANS, UH, REGARDING MALCOLM'S POINT? OKAY, I'M HEARING NONE.
[00:50:01]
MOTION? MOTION MOVED.SECOND HUGHES, DISTRICT 12 HUGHES.
I HEARD A SECOND BY MS. PEEVE.
ANY OPPOSED? THE AYES HAVE IT LOANS APPROVED.
THANK YOU'ALL, I APPRECIATE IT.
LOOKING FORWARD TO THE PROJECT, MS. EVANS, GREAT WORK THAT YOU GUYS HAVE BEEN DOING AT SOUTH FAIR, UH, CDC FOR A LONG TIME.
SO I'M LOOKING FORWARD TO THIS PROJECT, UH, COMING TO THE COMMUNITY, UH, AND BEING TRANSFORMATIVE.
THANK YOU FROM STAFF AND BOARD.
UM, WE WILL MOVE ON TO AGENDA ITEM NUMBER SEVEN, WHICH IS A SUBCOMMITTEE UPDATE, UH, FROM THE MARKETING SUBCOMMITTEE, UH, MR. CARL ENRIQUEZ.
UM, SO TODAY WE HAVE AN UPDATE ON, UM, A COUPLE OF DIFFERENT TOPICS FROM OUR MARKETING SUBCOMMITTEE.
UH, THE FIRST ITEM BEING OUR, UH, SOUTH DALLAS FAIR PARK OPPORTUNITY FUND BOARD TOUR.
UM, SO SOME INFORMATION ABOUT TIMING, BUSINESS TOUR, AND, UH, ALSO COMMUNITY EVENTS TAKING PLACE IN DURING THAT MONTH.
AND THEN LASTLY, A, UH, YOU KNOW, SOME IDEAS THAT WE HAD IN OUR LAST MEETING ON WAYS THAT WE CAN ENGAGE IN OUTREACH IN THE COMMUNITY.
UM, SO FIRST THINGS FIRST WAS DISCUSSING POTENTIAL DATES FOR THE TOUR.
UM, WE HAD FOUR POTENTIAL DATES, UH, OCTOBER 4TH, OCTOBER 11TH, OCTOBER 25TH, AND NOVEMBER 8TH.
YOU'LL NOTICE THERE THAT OCTOBER 4TH IS, IS STRICKEN THROUGH JUST SIMPLY BECAUSE IT'S THIS FRIDAY.
UM, BUT ALL THESE DATES ARE SPECIFICALLY FRIDAY.
UM, SO THESE DATES, WE WOULD NEED TO ELECT ONE DATE THIS MEETING AND, UH, TO LOCK THAT, THAT PARTICULAR DATE IN FOR OUR TOUR.
UM, THE BOARD TOUR WOULD FOCUS, UH, SPECIFICALLY ON THREE LOCAL BUSINESSES IN THE AREA THAT WOULD FALL WITHIN OUR, UH, ZIP CODE SLASH CENSUS TRACKS CENTRAL TO OUR FUND.
UM, SO THEY WOULD EITHER BE, UH, BUSINESSES THAT ARE CURRENTLY FUNDED BY THE SOUTH DALLAS FAIR PARK OPPORTUNITY FUND OR HAVE BEEN FUNDED IN THE PAST.
UM, AND THEN, UH, COUPLE OF, OF, OF BUSINESSES THAT WE SLOTTED IN IN DISCUSSION WERE AFTER EIGHT TO EDUCATE ABIDE HEALTH SERVICES IN CORNERSTONE CROSSROADS ACADEMY.
UM, AGAIN, THESE, THESE WERE KIND OF PENDING THAT WE, UM, YOU KNOW, WE COULD LOCK IN, UH, THE TOUR AND, AND HAVE THOSE AGENDA, UH, FOR THAT TIMEFRAME.
SOME ADDITIONAL ONES THAT WE, UM, THAT WE ALSO DISCUSSED WERE DOG LIFE AND DALLAS EXAMINER.
UM, PENDING THAT, YOU KNOW, THE OTHER THREE WEREN'T, WEREN'T ABLE TO TO FACILITATE A TOUR FOR US ON THAT SPECIFIC DATE.
UM, SO WE EVEN WENT AS FAR AS PUTTING TOGETHER SOME ADDITIONAL LIKE TOUR LOGISTICS JUST TO KIND OF HAVE A FRAMEWORK OF HOW WE WOULD UTILIZE OUR TIME AND MAKE SURE WE USE IT EFFICIENTLY.
UM, WE WOULD LOOK TO SCHEDULE, UH, TO DEPART FROM, FROM CITY HALL HERE AT 10:00 AM.
UM, ARRIVE AT OUR FIRST, UH, FIRST BUSINESS TOUR AFTER EIGHT TO EDUCATE, UM, THEN GO TO THE NEXT ONE, CORNERSTONE CROSSROADS ACADEMY.
UM, AND, UH, WHICH WAS A, A BUSINESS THAT WAS PREVIOUSLY FUNDED BY THE BOARD AS WELL, AND THEN END UP AT ABIDE HEALTH SERVICES.
UH, WE MAPPED IT SO THAT WAY WE KIND OF CONCURRENTLY FLOW TO MAKE MOST EFFICIENT USAGE OF OUR TIME.
UH, WE TARGETED FROM A TIMEFRAME BETWEEN 10:00 AM TO ABOUT ROUGHLY TWO TO 3:00 PM IN THE AFTERNOON INCLUSIVE TIMEFRAME FOR LUNCH.
UH, FROM A TRANSPORTATION STANDPOINT, WE DISCUSSED, UM, YOU KNOW, EXPLORING THE USE UTILIZATION OF COUNCIL VANS.
UM, UH, I THINK, UH, MS. LAP PESCO WAS LOOKING INTO SEEING IF WE COULD, WE COULD UTILIZE THOSE.
IF NOT, THAT WASN'T AN OPTION.
UH, WE WOULD LIKELY NEED TO CARPOOL AMONGST EACH, UH, AMONGST OURSELVES TO BE ABLE TO GET TO THE DIFFERENT, UM, THE DIFFERENT BUSINESSES.
AND THE LAST PIECE WAS PUTTING TOGETHER, COMPILING A ONE PAGER THAT HAD, YOU KNOW, LIKE A, THE, THE AGENDA FOR THE DAY AND A COUPLE OF BULLET POINTS PER EACH BUSINESS ON, YOU KNOW, MISSION, VISION, VALUES AND, UH, YOU KNOW, LIKE WHEN THEY WERE FUNDED OR YOU KNOW, HOW MUCH WE FUNDED IN THE PAST.
UM, ANY QUESTIONS ABOUT THE BOARD TOUR SPECIFICALLY? HEARING NONE, MR. MR. MARQUEZ.
SORRY, MR. MARQUEZ FIRST, AND THEN MS. PD.
I HEARD YOU SECOND JUST CURIOUS ON THE DATES, BECAUSE I KNOW IT WAS OCTOBER 30 CROSSED OUT.
UM, IS IT MORE JUST BECAUSE WE HAVE TO GET ON THE, ON THE, ON THE BOOKS RIGHT? AND CONFIRM WITH EVERYONE HERE AND THEN OF COURSE, MAKE SURE IT'S OKAY WITH THE LOGISTICS OF THE BUSINESSES THAT WE'LL BE VISITING.
CAN YOU TALK A LITTLE BIT MORE ABOUT IF THEY'VE BEEN ALREADY CONTACTED AND, OR
[00:55:01]
WE'RE WAITING FOR US TO SEE THE DATES? THAT'S EXACTLY RIGHT.SO WE NEEDED TO FIRM UP A DATE HERE AS A BOARD.
UM, WE'VE PRELIMINARILY REACHED OUT JUST TO MAKE SURE THAT THEY, THESE BUSINESSES WOULD BE ON BOARD WITH FACILITATING A TOUR FOR US, WHICH YES, UM, YOU KNOW, MOST OF 'EM HAVE.
SO THE NEXT PIECE IS JUST SOLIDIFYING, YOU KNOW, WHAT DATE WE WANT, SO THAT WAY WE COULD CIRCLE BACK TO MAKE SURE THAT THOSE DATES SPECIFICALLY WORK.
AND IF THEY DON'T, THEN WE HAVE SOME BACKUPS IN THE CH IN, IN LINE TO BE ABLE TO SLIDE THEM IN.
UH, BIG SHOUT OUT TO, UH, TO COMMISSIONER SIMS AND, UH, COMMISSIONER KUUMBA.
UM, AS WELL AS THEY REALLY GAVE A LOT OF INPUT TO MAKE SURE IT WAS THOUGHT FORWARD.
'CAUSE THE INTENTION WAS TO MAKE IT AS VALUE ADDED AS POSSIBLE, SO THANK YOU FOR THAT.
THOSE COMMENTS, MS. MS. PEEVY, UH, ANY MORE QUESTIONS, UH, COMMENTS OR FEEDBACK, UH, FROM MR. ENRIQUEZ IN THE MARKETING SUBCOMMITTEE, UH, MR. ENRIQUEZ? DO, DO YOU KNOW IF WE CAN, UH, GET SOME CONFIRMATION ON TRANSPORTATION? UH, YES.
SO, AND MAYBE HEATHER, MAYBE YOU COULD SPEAK TO THAT, THAT, UH, AND THEN ALSO THE SECOND PART OF THAT QUESTION IS, UH, HOW WOULD YOU LIKE TO GO ABOUT SOLIDIFYING A DATE, UH, FROM THE BOARD? UH, IS IT, IS IT A POLL OR WHAT WOULD YOU HAVE IN MIND THERE? HOPING TO GO AROUND TODAY AND LOCK IN A DATE AT OUR MEETING TODAY, SO THAT WAY WE CAN THEN PROCEED FORWARD AND DISCUSS WITH, UM, WITH THE BUSINESSES TO MAKE SURE THOSE THINGS ARE IN LINE.
SO IF WE COULD LOCK THAT DATE TODAY, THAT WOULD BE IDEAL.
MS. LIPSKA, CAN YOU SPEAK TO THE TRANSPORTATION ASPECT? I AM GONNA LET DELLA ANSWER THAT 'CAUSE SHE WAS THE ONE COORDINATING WITH, UM, OKAY.
SO FOR THOSE ONLINE, UH, THAT, THAT, UH, MAY NOT BEEN ABLE TO HEAR, UH, MS. LOWE, WHAT SHE SAID WAS, UH, THERE IS AN INQUIRY INTO USING COUNSEL VANS.
UH, AT THIS POINT THEY'RE TYPICALLY ONLY USED FOR COUNCIL, BUT UH, THEY ARE CHECKING TO SEE, UH, IF IN FACT, UH, THERE'S SOME FLEXIBILITY THERE TO BE ABLE TO, TO ALLOW US TO USE, UH, THE COUNCIL VANS.
UM, SO AS WE GET INFORMATION ON THAT, THAT'LL BE SHARED, SHARED WITH THE BOARD.
UM, ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK? IF NOT, I'LL TURN IT OVER TO, TO MR. ENRIQUEZ TO, TO NAIL DOWN A DATE OR, OR SOLICIT A DATE FROM THE BOARD.
MR. CHAIR, BEFORE WE TURN IT OVER, UM, IF WE CAN'T DO COUNCIL VANS, UH, PERHAPS WE CAN CHECK INTO PARK AND REC VANS.
UH, MS. LOWE, WAS THAT SOMETHING THAT YOU WOULD, YOU'D BE ABLE TO, TO, TO CHECK INTO FOR US? OKAY.
I, I WILL JUST NOTE THAT THE ISSUE WITH ALL THAT IS A DRIVER.
AND 15 PASSENGER VANS ARE LIKE, ARE NOT FOR THE FAINT HEART TO DRIVE, ESPECIALLY IN NARROW CITY STREETS.
SO JUST KEEP THAT IN MIND AS WELL.
UH, MI, MS. LOWE, WOULD, WOULD, UH, YOU BE ABLE TO HELP US WITH THE, TRYING TO FIND A DRIVER OR, OR HOW WE NEED TO HANDLE THAT? UH, GIVEN, ASSUMING THAT WE COULD GET A VAN.
WHO, WHO TYPICALLY DRIVES, UH, THE COUNCIL VAN WHEN SECURITY IS THERE ANY WAY TO THAT THEY, SOMEBODY FROM SECURITY COULD PERHAPS.
UM, SO FOR THE FOLKS ONLINE, THE ONLY WAY YOU CAN GET A A, A DRIVER FOR THE COUNCIL VAN, IT HAS TO BE A COUNCIL MEMBER ON THAT VAN.
SO, UH, WE'LL KEEP WORKING THROUGH, UH, THE LOGISTICS, UH, IN TERMS OF, OF TRANSPORTATION ON THAT.
ANY OTHER QUESTIONS? UH, I WAS JUST GONNA SAY, IF WE, IF WE NEED, I'M HAPPY TO DRIVE.
I DO HAVE A SOMEWHAT SMALL CAR, BUT I'M HAPPY TO, I THINK I CAN FIT LIKE FOUR PEOPLE.
I KNOW THAT WE WOULD LOVE TO HAVE A VAN AND THAT WOULD BE GREAT, BUT IF NOT, AND WE JUST NEED TO MAKE IT HAPPEN.
I'M ALSO JUST VOLUNTEERING NOW.
I TOO CAN FACILITATE MR. CHAIR IN THE EVENT THAT WE'RE NOT ABLE TO FIND A, A, A VAN, I TOO CAN FACILITATE TRANSPORTATION.
[01:00:01]
YOU FOR THAT.UH, MR. ENRIQUEZ, AND THANK YOU FOR VOLUNTEERING, MS. PV.
UH, MR. MARQUEZ, DID YOU HAVE A COMMENT? I CAN ALSO VOLUNTEER? UM, MY WIFE'S TRUCK HAS A SEATINGS FOR, UH, EIGHT OR SEVEN, SO, OKAY.
SO IT SOUNDS LIKE WE'VE GOT, UH, TRANSPORTATION SETTLED.
UM, SO, UH, MR. ENRIQUEZ, I'LL TURN IT OVER TO YOU, UH, TO FACILITATE, UH, NAILING DOWN A DATE.
UM, SO THE, AGAIN, WE, WE HAD LISTED OUT FOUR DATES, OCTOBER THE FOURTH, OCTOBER THE 11TH, THE 25TH, AND NOVEMBER THE EIGHTH.
OBVIOUSLY OCTOBER THE FOURTH IS VERY, VERY CLOSE.
UM, SO THAT ONE WOULD NOT BE IDEAL.
UM, I DID HAVE IT IN HERE JUST BECAUSE IT WAS DISCUSSED DURING OUR, OUR SUBCOMMITTEE MEETING, UM, LIKE TO SOLICIT SOME INPUT FROM THE BOARD TO, TO SEE WHAT DATE WOULD BE IDEAL FROM THE 11TH, THE 25TH OF THE EIGHTH.
CAN YOU REPEAT THOSE? IT'S ON THE SCREEN.
IT'S THE OCTOBER 11TH 20 THANK YOU CREDIT.
I FEEL LIKE, LIKE THE 25TH GIVES US JUST ENOUGH TIME TO PREPARE JUST IN CASE.
SO I'D RECOMMEND THE 25TH AS WELL.
THREE FOR THE 25TH SO FAR, AS LONG AS I DON'T MR. DAWKINS AS WELL.
YEAH, I'M, I'M GOOD ON THE 25TH AS WELL.
BILL DAWKINS, I HAVE JURY DUTY THE DAY BEFORE, ASSUMING THAT I AM NOT SELECTED, I AM GOOD FOR THE 25TH AS WELL.
UH, GETTING A MAJORITY OF THE 25TH.
SO, UM, WE'LL LOCK IN THE 25TH IS AS THE DATE.
AND, UM, AS A SUBCOMMITTEE, WE WILL, WE'LL GET STARTED ON LOCKING IN THOSE, THOSE PARTICULAR BUSINESSES TO MAKE SURE THAT WE HAVE SLOTTED TIMEFRAMES.
UH, CHAIR ENRIQUEZ, UH, FOR YOU, FOR YOUR WORK IN THE MARKETING COMMITTEE'S WORK ON QUICKLY PULLING THIS TOGETHER.
SHOULD BE A, SHOULD BE A GREAT TOOL.
UM, IS THERE ANY OTHER BUSINESS? IS THERE ANY OTHER QUESTIONS, MR. ENRIQUEZ? I'VE GOT ONE MORE ITEM.
UM, FROM A SUBCOMMITTEE STANDPOINT, IF I MAY.
UM, SO ANOTHER, UH, DISCUSSION POINT DURING OUR SUBCOMMITTEE MEETING, WHICH IS IDEAS FOR MARKETING OUTREACH.
UM, AND WE, WE CAME TO ABOUT THREE PRIMARY AREAS.
UM, THE FIRST AREA BEING TABLING AT COMMUNITY EVENTS.
UM, WE, BRAINSTORMING AROUND WAYS THAT WE COULD, YOU KNOW, GET INFORMATION OUT INTO THE COMMUNITY ON WHAT, YOU KNOW, LIKE OUR, OUR FUND INITIATIVES ARE, HOW WE LOOK TO FUND, YOU KNOW, JUST ALL AROUND EDUCATION.
UM, THESE WOULD BE IN THE FORM OF LIKE SETTING UP A BOOTH AT, YOU KNOW, LIKE A GIVEN EVENT.
UM, WE WERE, WE CAME TO A GENERAL CONSENSUS THAT ONE EVENT PER QUARTER WOULD ENSURE THAT WE WOULDN'T BE SPREAD SO THIN AND COULD BE REALLY INTENTIONAL AND EFFECTIVE IN THE PLANNING AS WELL AS THE EXECUTION OF THAT EVENT.
UM, AND OF COURSE, IT WOULD BE FOCUSED ON EVENTS HAPPENING INSIDE OF OUR SOUTH DALLAS FAIR PARK OPPORTUNITY FUND, ZIP CODE SLASH CENSUS TRACKS.
UM, SOME EVENTS THAT WE WOULD TARGET WOULD BE CULTURAL SLASH COMMUNITY FOCUSED, AS WELL AS BUSINESS COMMUNITY FOCUSED.
UM, BEING THAT, YOU KNOW, WE, WE FUND NONPROFIT AND FOR-PROFIT BUSINESSES.
UM, SOME CALLOUTS THAT WE HAD, UM, YOU KNOW, IN THE DISCUSSION WERE THAT ANY EVENTS THAT MIGHT, UH, REQUIRE A PARTICIPATION COSTS WOULD NEED TO COME FROM A SOUTH DALLAS FAIR, FROM THE, FROM THE FUND'S BUDGET TO BE ABLE TO COVER THOSE COSTS.
UM, SO THAT BEING SAID, UM, MEMBERS OF THE BOARD AS, AS THE YEAR PROGRESSES RIGHT NOW, WE'RE GONNA START TALKING ABOUT Q1.
IF THERE ARE SOME EVENTS THAT YOU FEEL, UM, WOULD BE REALLY GREAT EVENTS FOR US TO TAKE PLACE, PLEASE FEEL FREE TO, UH, FORWARD THAT INFORMATION TO MYSELF OR ANY MEMBERS OF THE SUBCOMMITTEE OR JOIN US FOR A SUBCOMMITTEE MEETING, UM, TO, SO THAT WAY WE CAN DISCUSS THOSE PARTICULAR EVENTS AND, AND VET THEM.
UH, THE NEXT PIECE OF INFORMATION WAS, YOU KNOW, LIKE FOCUSING ON CONNECTING WITH AND SOLICITING FEEDBACK FROM, UH, PAST APPLICANTS OR FUND RECIPIENTS.
UH, WANTED TO UNDERSTAND, YOU KNOW, WHAT THEIR PROCESS WAS LIKE.
WAS IT STRAIGHTFORWARD? I THINK AS A BOARD OVER THE COURSE OF THE YEAR, WE'VE BEEN DISCUSSING, UM, THERE NEEDING TO BE MORE CLARITY, UM, IN SOME OF OUR APPLICATION PROCESSES.
SO, YOU KNOW, AN EFFORT TO REALLY ENSURE THAT WE ARE MARKETING, YOU KNOW, OUR, OUR FUND AND, AND THE FEATURES OF IT CORRECTLY.
WE THOUGHT IT VERY IMPORTANT TO SOLICIT FEEDBACK FROM,
[01:05:01]
YOU KNOW, INDIVIDUALS THAT HAD RECEIVED FUNDS, UH, IN THE PAST WANTED TO KNOW, HEY, WAS IT STRAIGHTFORWARD? YOU KNOW, WHAT WERE SOME OPTIONAL VERSUS REQUIRED ITEMS IN THE PAST THAT THEY, THAT THEY HAD TO SUBMIT? UM, AND IN THE SPIRIT OF SOMETHING THAT, UH, MR. DAWKINS MENTIONED EARLIER OF, YOU KNOW, BEING EFFICIENT WITH MOVING THROUGH THE PROCESS AS MUCH AS POSSIBLE, HOW CAN WE PULL THAT INFORMATION IN AS PART OF OUR MARKETING INITIATIVES? AND, AND THEN THE LAST PIECE THERE FROM AN OUTREACH STANDPOINT IS CONNECTING WITH NEIGHBORHOOD LEADERS, UM, TO SEEK OPPORTUNITIES TO BUILD CONNECTION WITH INFLUENTIAL LEADERS IN THE SOUTH DALLAS FAIR PARK AREA.UM, THAT WAY WE CAN, YOU KNOW, FOCUS ON MAKING THE FUND MORE APPROACHABLE AND MORE INFORMATIONAL AND EDUCATIONAL FOR INDIVIDUALS SEEKING GAP FUNDING.
DOES ANYBODY HAVE ANY QUESTIONS? UH, COMMENTS OR FEEDBACK? UH, FOR CHAIR, ENRIQUEZ? ANYTHING? MR. MARQUEZ? MR. MR. MARQUEZ? I'LL GO FIRST.
AND THEN MR. I THINK I HEARD MR. HUGHES NEXT.
IS THERE A WAY THAT YOU GUYS CAN SHARE THESE SI SLIDES? JUST 'CAUSE I DIDN'T SEE 'EM ON ANY OF MY PRESENTATION? OTHER THAN THAT GREAT WORK SUBCOMMITTEE.
UH, YES, WE, THOSE, THOSE SLIDES CAN GO OUT, UH, MR. HUGHES.
NOW I JUST WANTED TO, UH, APPLAUSE, UH, MR. ENRIQUEZ FOR WHAT YOU'RE DOING WITH YOUR, YOUR SUBCOMMITTEE.
YOU GUYS HAVE THOROUGHLY THOUGHT THROUGH YOUR MISSION, UM, AS A SUBCOMMITTEE, UM, AND THEN TAKING THE TIME TO, TO GET TOGETHER AND DO THIS.
UM, AND THE, UH, YOUR COMMITTEE.
ANY OTHER QUESTIONS, COMMENTS OR FEEDBACK? UH, FOR THE MARKETING COMMITTEE SUBCOMMITTEE, I'VE GOT SOMETHING, UH, BRADY PLANNER, CITY ATTORNEY'S OFFICE.
AND THIS IS JUST SOMETHING I'VE BEEN THINKING ABOUT SITTING HERE, LISTENING TO YOU GUYS TALK ABOUT THE, UM, TOUR.
JUST A REMINDER, THE TEXAS OPEN MEETING, ZACH WILL APPLY.
SO, UM, MUCH LIKE THE RETREAT, IT HAD TO BE POSTED, BUT KEEP THAT IN MIND.
YOU KNOW, THIS IS NOT GONNA BE LIKE THAT.
UM, YOU KNOW, FOR EXAMPLE, LIKE A LUNCH WOULD BE PERMITTED AS LONG AS YOU'RE NOT DISCUSSING CITY BUSINESS.
SO I AM HOPING AND ASSUMING THAT IT WILL BE MORE OF LIKE A PRESENTATION, UH, YOU KNOW, TO YOU INSTEAD OF A DISCUSSION BACK AND FORTH BETWEEN THE BUSINESSES AND, YOU KNOW, DECISION MAKING, THAT SORT OF THING.
SO JUST, IT'S A VERY FINE LINE.
YOU HAVE TO REMEMBER, UM, TO WALK.
SO IF YOU HAVE ANY QUESTIONS, YOU CAN, UH, GET THOSE TO CHAIR OR HEATHER AND THEN TO ME AND WE CAN DISCUSS.
THANK YOU FOR THAT CLARITY, MR. UH, BRADY.
NOW YOU SAID THAT THAT WOULD NEED TO BE POSTED IF NO, I, YOU DISCUSS IT POSTED.
I MEAN, I WOULD ANTICIPATE THAT IT WOULD BE POSTED, UM, KIND OF WITH THE TIMES THAT WE THINK WE'RE GONNA BE AT THE STOPS.
THERE'S NOT GONNA BE ANY DECISION.
SO IT WOULD LOOK LIKE A SUBCOMMITTEE BRIEFING, BUT IT'S REALLY AS AN FFYI, THIS IS WHAT THE BOARD IS DOING.
BUT I WOULD, I, I DEFINITELY WANNA LOOK INTO THIS A BIT MORE, YOU KNOW, HEARING ABOUT THIS AND HOW IT WOULD BE FUNCTIONING BECAUSE I MEAN, IT HAS TO BE IN A PUBLICLY AVAILABLE LOCATION WHERE MEMBERS OF THE PUBLIC COULD COME AND WITNESS AND, YOU KNOW, BE, BE PRESENT JUST LIKE ANY OTHER MEETING.
SO I NEED TO LOOK INTO THIS A BIT MORE.
'CAUSE I THINK THIS IS A VERY UNIQUE SITUATION WHERE WE HAVE, YOU KNOW, GOING OUT INTO THE PUBLIC INSTEAD OF AT CITY HALL.
SO, UM, OF COURSE IT'S DURING BUSINESS HOURS AND LIKE THAT SORT OF THING.
BUT, UM, I NEED TO LOOK INTO THIS A BIT MORE JUST TO MAKE SURE TO, YOU KNOW, PROVIDE YOU GUYS WITH THE RIGHT, UM, GUIDANCE ON ENSURING THAT TYPES OF MEETINGS, ZACH IS FOLLOWED.
AND HOW LONG DO YOU THINK YOU NEED TO, TO GET US FEEDBACK ON THAT, GIVEN THAT WE'RE TRYING TO NAIL DOWN THE 25TH? RIGHT.
UM, I CAN, BY THE END OF THIS WEEK, I CAN, YOU KNOW, FIND OUT SOME INFORMATION OR SOME GUIDELINES AND SUGGESTIONS, THAT SORT OF THING.
SO, UM, THAT'S JUST MY CONCERN RIGHT NOW.
I WAS THINKING ABOUT THAT AND I WANT TO, YOU KNOW, LOOK INTO THAT A BIT MORE JUST TO SEE KIND OF THE OP OPTIONS THAT YOU GUYS HAVE AND HOW TO CARRY OUT THE TOUR.
WE'LL, WE'LL STAND BY FOR FEED FURTHER FEEDBACK ON THAT.
UM, ARE THERE ANY OTHER COMMENTS, UH, THAT ANYBODY OR QUESTIONS THAT ANYBODY HAS, UH, FOR THE MARKETING SUBCOMMITTEE, ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR, OR FEEDBACK, UH, ON ANY, ANYTHING ELSE THAT WE COVERED, UH, THIS EVENING OR CONCERNS? IF NOT, WE'LL ENTERTAIN A MOTION TO ADJOURN.
THANK YOU VERY MUCH EVERYBODY.
[01:10:01]
IN A FEW WEEKS.