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[Public Facility Corporation Meeting on October 22, 2024.]
THIS IS KEITH AL, PRESIDENT OF THE BOARD OF DIRECTORS OF THE CITY OF DALLAS PUBLIC FACILITIES CORPORATION.I'D LIKE TO CALL THIS OCTOBER 22ND, 2024 BOARD OF DIRECTORS MEETING TO ORDER PRECISELY AT 12 NOON.
I'D LIKE DIRECTOR TO REQUEST FOR WE ARE TODAY.
WE ARE MEETING IN THE JANUARY JOHNSON CENTRAL LIBRARY, SIXTH FLOOR CLASSROOM B.
AND WE HAVE MEMBERS HERE ON VIDEO CONFERENCE, MEETING BEING CALL ORDER.
I SHOULD MOVE ITEM ON NUMBER TWO.
ARE YOU THERE PRESENT? VICTOR TODO? PRESENT.
KEVIN, ARE YOU HERE? YEAH, I'M HERE.
AND WE HAVE A NEW MEMBER THIS MONTH.
SO, UH, MR. UH, DIRECTOR OF BLANKENSHIP, YOU'D LIKE TO TELL US, JUST SAY WELCOME TO THE BOARD.
I'D LIKE TO, ON BEHALF, I'D LIKE TO WELCOME YOU AND IF YOU'D LIKE TO SAY A FEW THINGS, UH, JUST TELL US A LITTLE BIT ABOUT YOURSELF.
UM, AND GOING FORWARD, I'LL BE THERE IN PERSON.
UH, THAT RIGHT NOW I'M, UH, OUT OF TOWN, BUT, UH, MY BACKGROUND IS REAL ESTATE.
UM, I'VE BEEN IN DALLAS SINCE 2008, UM, AND IN REAL ESTATE SINCE 2011.
UM, WELL, A LOT OF THAT FOCUS BEING ON AFFORDABLE HOUSING.
UH, SO THROUGH SOME CONVERSATIONS, UH, WITH A NUMBER OF PEOPLE, PFC, UM, SEEMED LIKE A GOOD SPOT.
UH, YOU KNOW, ONE FOR ME TO LEARN AND ALSO TO, TO SERVE AND TO HELP.
WE APPRECIATE YOU BEING MOVING ON TO ITEM NUMBER THREE, PUBLIC TESTIMONY.
HAVE ANY PUBLIC COMMENTS ON ITEMS FOUR THROUGH 16? HAVE ANYONE SIGNED IT UP? UH, NO, NOT RIGHT NOW.
WE DO NOT, UH, HAVE ANYONE SIGNED UP.
WE HAVE ANYONE ON THE LINE THAT WOULD LIKE TO SPEAK.
WE PUBLIC COMMENT ON SUPPORT THROUGH 16.
IF LINE, I'D LIKE TO MAKE A COMMENT, PLEASE RAISE YOUR HAND.
PUBLIC A COMMENT, NOT SEEING ANY HANDS RAISED, SEEING NO HANDS RAISED.
ITEM NUMBER FOUR, DISCUSSION OF APPROVAL OF THE MINUTES OF SEPTEMBER 24TH, 2024 FORAL FOR DISCUSSION.
SEEING NO DISCUSSION, WE HAVE A MOTION COMMENT FROM COUNCIL ON THE MINUTES.
THE DIRECTOR, COUNCIL, I'M SORRY, HAVE SOME FEEDBACK ON YOU CAN REPEAT.
UM, THE COMMENT ON THE MINUTES IS THAT ON THE CHART OF ATTENDANCE? I'M, I'M DESIGNATED AS DISTRICT THREE.
THANK YOU THAT JULIE NOTED THAT.
ANY OTHER COMMENTS OR CORRECTIONS? MOTION.
MOTION TO APPROVE BY DIRECTOR JULE.
SECOND BY DIRECTOR MONTGOMERY.
ALTHOUGH THIS FAVOR, PLEASE SAY AYE.
OPPOSED? HEARING, UH, OPPOSITION.
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THE MINUTES OF THE SEPTEMBER 24TH, 2024 BOARD MEETING ARE APPROVED.ITEM NUMBER FIVE, ETHICS DISCLOSURES.
BOARD MEMBERS SHOULD DISCLOSE ANY RELATIONSHIP A MEMBER MAY HAVE, SHOULD THE PROJECT BE CONSIDERED ON THIS AGENDA OR WITH ANY DEVELOPER, PARTICIPANT, OR FINANCIAL BENEFICIARY OF THE PROJECT TO BE CONSIDERED
MOVING ON TO ITEM NUMBER SIX, DISCUSSION REGARDING THE DEMOLITION OF THE FACILITY AT 9 9 9 9 TECHNOLOGY BOULEVARD.
ALRIGHT, SO JAKE SAID HE WOULD MOST LIKELY TRY TO MAKE IT OVER HERE.
HE'S IN THAT CONFERENCE TODAY.
HE'S NOT SITTING INVOLVED, UH, WITH THE OTHER ROOM, BUT HE'S ON HIS WEB.
OKAY, SO WE CAN WE CAN SKIP, YEAH, WE CAN, WE CAN CIRCLE BACK TO THIS SO WE CAN GET A PROPER UPDATE, BUT, BUT I KNOW IT'S JUST AS QUICK, UH, UPDATE IT.
IT'S BASICALLY ALL THE WAY DOWN, UH, STUFF NOW, BRENDA, BUT WE'LL CIRCLE BACK, BUT WE'LL CIRCLE BACK.
ITEM NUMBER SIX DEPEND ON ITEM NUMBER SEVEN, DISCUSSION AND APPROVAL OF A RESOLUTION AUTHORIZING THE NEGOTIATION EXECUTION OF A TERM SHEET FOR THE
ALRIGHT, SO WE HAVE, UH, SWEDEN IN HERE TO PRESENT ANOTHER FIELD.
UM, THIS PART OF A BIG 90 ACRE BATCH PLAYING COMMUNITY, UM, MIXED USE KIND OF THING.
UH, THIS PARTICULAR PROJECT DOESN'T HAVE A BIG SEASON, GREAT BALL TEAM.
UM, AND I BELIEVE YOU GUYS ARE THE FIRST MULTIFAMILY PEOPLE TO BE IN INVOLVED IN THIS IFM NOT MISTAKEN, THIS BIG EXCUSE.
UH, TODAY WE HAVE
WE, WHERE DO YOU WANT TO, UH, SUITE TO PRESENT FROM? SO LET'S SAY, UH, OVER THERE, I THINK ONLINE, I THINK STATE, THIS IS WHAT I SAY, BUT JUST HERE IN THE MIDDLE.
I AM RAISED IN DISTRICT 10, CURRENTLY RESIDE IN DISTRICT NINE, WORKING PRESENTLY IN DISTRICT FOUR.
I'M HOPING THAT AT THIS MEETING WILL HAVE A GREAT OPPORTUNITY JUST TO AGREE.
UM, I'M THE FOUNDER OF SMARTLAND RESIDENTIAL.
WITH ME TODAY IS MY PARTNER JONATHAN WOOD, AT BMW PROJECT SOLUTIONS.
AND AS SAM HAD MENTIONED, WE'RE HERE TO DISCUSS, UM, UH, A NEW MULTI-FAMILY PROJECT THAT WE HAVE AS PART PART OF THE
BUT JUST FIRST, BEFORE WE CAN GET INTO THAT, UH, A LITTLE UPDATE ON OUR EXISTING PROJECT.
BACK IN APRIL, 2023, THE BOARD APPROVED OUR FIRST 153 UNIT MULTI-FAMILY PROJECT JUST BEFORE ACROSS FROM ROOSEVELT HIGH SCHOOL.
IT'S THE FIRST NON VITECH PROPERTY BUILT IN DISTRICT FOUR.
I'M PLEASED TO SAY THAT WE ARE CURRENTLY ON TIME AND ON BUDGET FOR DELIVERY OF UNITS IN THE FIRST QUARTER OF 2025, DESPITE BEING THE WETTEST START OF THE YEAR IN TEXAS HISTORY EXECUTING ON WHAT WE TOLD THE BOARD AND, UM, AND WHAT THE DPFC APPROVED, LEMME REPHRASE THAT.
WE HAVE BEEN EXECUTING ON WHAT WE TOLD THE BOARD AND WHAT THE DPSC ORIGINALLY APPROVED IN APRIL OF THAT YEAR.
WE HAVE NOT DEVIATED FROM OUR BUSINESS PLAN.
WE CONTINUE TO GROW OUR RELATIONSHIPS WITH THE COMMUNITY.
WE HOST TOURS OF MEMBERS OF THE LOCAL COMMUNITY.
WE'RE MEMBERS OF THE NEIGHBORHOOD ASSOCIATION AND REGULAR ATTENDEES.
AND WHEN WE TALK ABOUT EQUITABLE HOUSING, THE FACT THAT WE WERE THE FIRST NON LITECH PROPERTY EVER BUILT, MR FOUR MEANS THE ENTIRE PROJECT IS EQUITABLE.
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NOT HAVE DONE THIS WITHOUT THE DALLAS PUBLIC FACILITY CORPORATION.AND SO WE THANK YOU THE BOARD, CITY STAFF, AND EVERYONE PRESENT.
THE PROBLEM THAT WE HAVE DISCUSSED ABOUT HOUSING REMAINS.
AND SO IN APRIL OF LAST YEAR, WE TALKED ABOUT SHEILA HERE.
SHE'S A WORKING MOM, BORN IN OAK CLIFF.
SHE WENT TO SOUTH OAK CLIFF HIGH SCHOOL AND HAS TWO KIDS AND MAKES $66,000 A YEAR AS A NURSE WORTH IN THE VA.
THERE ARE STILL HUNDREDS, IF NOT THOUSANDS OF SHEILAS OUT THERE EATING A HIGH QUALITY PLACE TO LIVE.
THOSE ARE THE INDIVIDUALS THAT WE'RE HERE FOR TODAY.
THOSE ARE THE TENANTS THAT ARE SEEKING HOPE FOR A MORE FINANCIALLY STABLE SITUATION AND HOPE FOR A PRIVATE FUTURE FOR THEMSELVES AND THEIR KIDS.
AND WE FIRMLY BELIEVE THAT TOGETHER WE AT SMART LIVING RESIDENTIAL AND
WE AT SMART LIVING RESIDENTIAL STILL BELIEVE THAT TOGETHER WITH THE DPFC, WE ARE THE SOLUTION TO THE HOUSING CRISIS.
AND GIVEN THE COMPLEXITY OF THE OVERALL ENT DEVELOPMENT THAT WE WILL DISCUSS HERE IN A SECOND, WE ENTERED INTO A JOINT VENTURE WITH JONATHAN AT DFW PROJECT SOLUTIONS.
TOGETHER WE WILL WORK TO REVERSE THE INEQUALITY, DISPLACEMENT AND GENTRIFICATION WHILE BRINGING HIGH QUALITY WELL DESIGNED HOUSING TO MARKET THROUGH INSTITUTIONAL QUALITY EXECUTION WITH AN IMPACT DRIVEN MINDSET.
WE ALWAYS HAVE BEEN FOCUSING, AND WE HAVEN'T DEVIATED FROM THE FACT THAT WE DEVELOPED BASED INCOME PROPERTIES, SPECIFICALLY TARGETING AMIS BETWEEN 60 TO HUNDRED PERCENT.
OUR CORPORATE VALUES HAVE NEVER CHANGED.
THE THREE STRATEGIC PRINCIPLES THAT WE CONTINUE TO RELY ON ARE NUMBER ONE BEING ACCRETIVE TO DAY ONE.
WHAT THAT MEANS IS BEING GOOD FIDUCIARIES TO OUR PARTNERS, BOTH EQUITY AND THE DALLAS PUBLIC FACILITY CORPORATION, STARTING OFF THE PROMA STARTING OFF THE PROJECT, WHICH IS WHY AT AN INCREASING RATE ENVIRONMENT, WITHOUT INCREASING HARD COST ENVIRONMENT AND WITH THE FIRST, THE WETTEST START OF THE YEAR, WE ARE STILL ABLE TO DEMONSTRATE AND REPRESENT TO YOU THAT OUR CURRENT PROJECT ON WELL IS ON TIME AND ON BUDGET.
UM, AND NUMBER TWO, FOCUSING ON SIMPLICITY, PROGRAMMATIC EXECUTION, MAKING SURE THAT OUR PROJECTS ARE EFFICIENT, DESIGN INFRASTRUCTURE, SMALLER SCALE PROJECT, THE LOCATIONS, EVERYTHING THAT WE LOOK AT IS WITHIN THE BOUNDARIES OF THE DALLAS, UH, METRO, WELL, THE CITY OF DALLAS, NOT THE METRO.
AND CONTINUING THE LAST PRINCIPLE BEING A STAPLE, COMMITTING TO THE COMMUNITY, BEING PRESENT LISTENING, WHICH IS WHY WE'RE A MEMBERS OF LOCAL NEIGHBORHOOD ASSOCIATION GO TO ALL MEETING, COLLABORATE WITH THE NONPROFITS AND ADVANCED MWBE PARTICIPATION, WHICH I KNOW IS ONE OF THE GOALS OF THE
SO THE PROJECT THAT WE ARE HERE TO TALK ABOUT TODAY IS A MULTIFAMILY RENTAL COMPONENT OF THE LARGER 90 ACRE ENT MIXED USE DEVELOPMENT THAT'S SPONSORED BY RUSSELL FLYNN COMPANIES AND TERRENCE MAYDEN.
THIS PROJECT IS LOCATED IN DISTRICT THREE OF THE NORTHWEST CORNER OF CAMP WISDOM AND UNIVERSITY HILLS ADJACENT TO THE UNT DALLAS CAMPUS.
IT'S, THIS, UNFORTUNATELY IS JUST ON THE OUTSIDE OF THE TARGET AREA OR HOUSING TARGET AREA NUMBER THREE BOUNDARY.
BUT WE'RE RIGHT THERE AND WE WILL BE AS THE MULTIFAMILY COMPONENT.
THE FIRST PROJECT TO BREAK GROUND ON THIS OVERALL DEVELOPMENT.
THERE ARE TWO OTHER COMPONENTS TO THE MIXED USE MASTER PLAN DEVELOPMENT.
THERE'S A RESIDENTIAL COMPONENT WHICH WILL INCLUDE 150 TOWNHOME OR SALE LOTS.
AND THEN 120 SINGLE FAMILY FOR SALE DETACH PRODUCT.
CURRENTLY ALL 150, EXCUSE ME, ALL 370 LOTS ARE UNDER LOI TO A HOME BUILD, RIGHT? THE LAST COMPONENT IS THE COMMERCIAL COMPONENT, WHICH IS APPROXIMATELY 61,000 SQUARE FOOT OF RETAIL AND 17,000 OF OFFICE.
THE MULTIFAMILY WILL BE THE FIRST TO STEP OFF, FOLLOWED BY THE HOMES, UH, FOR SALE, AND THEN THE RETAIL BEING LAST.
THEY'RE CURRENTLY IN DISCUSSIONS WITH A LOCAL RETAIL DEVELOPER THAT HAS A LOT OF EXPERIENCE IN THE SOUTHERN SECTOR TO POTENTIALLY LEAD THAT CHARGE.
SPECIFICALLY RELATED TO THE MULTIFAMILY PROJECT, WE'RE LOOKING AT 165,000 NET RENTABLE SQUARE FOOT SURFACE PARK, THREE STORY WALK UP, A 240 UNIT PROJECT.
THE 6.5 ACRE SITE IS UNDER CONTRACT AND CLOSING IS CONTINGENT UPON THE SELLER DELIVERING US AS THE DEVELOPER, A CONSTRUCTION READY PAD WITH UTILITIES, UM, SPINE, ROADS, FIRE LANES, EVERYTHING READY AND ALREADY STUBBED UP TO THE SITE THAT ALL WE WOULD NEED TO DO IS COME IN SOME FINE GRADING AND, AND START CONSTRUCTION.
IT'S LOCATED IN PD 49, WHICH ALLOWS THE PROJECT TO BE BUILT.
WE DO NOT NEED ANY, UH, REZONING IN ORDER BUILD WE'RE PROPOSING IT'S GONNA BE A MIX OF STUDIOS, ONE BEDROOMS AND TWO BEDROOMS. IT'S GONNA BE, AND BECAUSE OF THE, THE TOWN HOMES IN THE SINGLE FAMILY HOMES THAT ARE NEARBY, WE CHOSE NOT TO ADD ANY THREE BEDROOMS. WE FELT LIKE THAT MARKET WAS, UH, WELL SERVED.
UM, HERE IN, IN THE ACTUAL 90 98 ACRE
AND WE'RE NOT INTENDING THIS TO BE STUDENT HOUSING, BUT APPROACHED BY THE UNT DALLAS CAMPUS, WE WOULD CONSIDER IT, BUT WE WOULD SOLICIT THE DPS INC'S FEEDBACK AS TO WHETHER OR NOT THAT
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WOULD BE SOMETHING THAT WOULD BE OF INTEREST TO HELP.UM, THE DPS C UM, ACHIEVEMENTS GOALS.
WE PARTICIPATED IN COMMUNITY OUTREACH, THAT MEETINGS LED BY RUSSELL FLYNN.
WE DO HAVE THE SUPPORT OF COUNCILMAN GRACIE.
UM, WE ARE PRESENTING IN FRONT OF THE URBAN DESIGN PEER REVIEW PANEL NEXT MONTH.
NEXT MONTH, SEEKING TO COMMENCE CONSTRUCTION IN THE SECOND QUARTER OF 2025.
AND WE'RE CURRENTLY UNDER RUNNING 24 MODEL CONSTRUCTION.
SO WITH RESPECT TO THE AREA, AMENITIES, OBVIOUSLY THE LARGEST ONE BEING THAT WE'RE ADJACENT TO THE UNT DALLAS CAMPUS, WE'RE APPROXIMATE TO MULTIPLE CITY AND PRIVATE PLACES OF EMPLOYMENT, INCLUDING THE DPD SOUTH CENTRAL STATION, WHICH IS RIGHT DOWN THE ROAD.
AND THE EMPLOYERS AT REDBIRD AND THE VA HOSPITAL.
THE SINGING HILLS REC CENTER IS JUST EAST 1.9 MILES AND THERE'S MULTIPLE CHURCHES SHORT DRIVE AWAY, INCLUDING CONCOR AND OAK BIBLE.
THE NEAREST GROCERY STORE WILL BE AT REDBIRD, THE TOM THUMB THAT THEY HAVE ANNOUNCED SINCE CURRENTLY UNDER CONSTRUCTION.
BUT WE'RE HOPEFUL THAT ONCE WE GET CLOSER WITH THE RETAIL PORTION, THAT UM, THERE WILL BE A GROCER THAT WILL SERVE OUR TENANTS IMMEDIATELY IN THE SURROUNDING NEIGHBORHOOD.
I KNOW THAT THEY HAVE BEEN PURSUING IMPACT, JONATHAN.
SO ONCE AGAIN, MY NAME IS JONATHAN WOOD.
UH, QUICK BACKGROUND TO MYSELF.
I'M A LICENSED ARCHITECT AS WELL.
I SPENT ABOUT 17 YEARS, UH, SERVING AS TRADITIONAL ARCHITECT, UH, SPECIFICALLY BOTH IN BOTH.
AND ADDITION TO THAT, I SUPPOSE PREDOMINANTLY PROCESS THAT, UH, HAD A STRONG EARLY STEM CELL.
UH, AS SWEET AND I LOOK AT THIS PROJECT, UM, THERE'S A LOT OF, OF THAT BACKGROUND WITHIN THE DIFFERENT DISCUSSIONS.
SO WHEN WE TYPICALLY THINK ABOUT SURFACE PARTNERS WITHIN PROJECTS, WHAT YOU SEE IS JUST VERY LARGE
WE HAVE REALLY CHALLENGED OURSELVES HOW DO WE BREAK QUALITY WALKABLE PROJECTS FOR SERVICE
SO WHAT WE HAVE LOOKING ABOUT HOW DO WE TEACHABLY, LOCATE
SO TO ORIENT EVERYONE, UH, WE TURN THE CYCLE LANE TO THE RIGHT.
UH, UNIVERSITY HILLS IS ON THE BOTTOM.
SO IF YOU'RE LOOKING AT THIS FROM NORTH SOUTH STANDPOINT, UNIVERSITY
AND THEN AT THE TOP AND RIGHT, UH, MORE OF THIS PROJECT WILL BE A URBAN STREET THAT IS CONNECTING THE DEPARTMENT TO OTHER, UH, TOWNHOUSES AS WELL AS THE VIRTUAL COMPONENT, UH, OF
SO WE HAVE BROKEN THIS, UM, SITE PLANE DOWN INTO THREE PARTICULAR, UH, THE FIRST ONE IS AN URBAN DROP.
SO THIS IS SOMETHING THAT YOU ALL THINK ABOUT WHEN YOU ARE WITHIN A WALKABLE NEIGHBORHOOD WHERE PARKING, STRAIGHT TREES, PEDESTRIAN WINE, THESE ARE ALL THE DIFFERENT THINGS THAT WE LAUNCHED, UH, BUILDING ALONG THAT URBAN DRIVE.
WE HAVE THESE, UH, COMMUNITY GATHERING AREAS THAT WE HAVE HIGHLIGHTED.
UH, IT IS YOUR
IT'S BREAK PLACE WHERE EVERYONE'S COME HANG OUT, SIT CONVERSATIONS EITHER WITH BOTH FRIENDS OR JUST PEOPLE
BUT THEN WE ALSO STILL HAVE TO DEAL WITH PARK AS FAR AS, UH, MAJORITY OF THESE RESIDENTS ARE GOING TO BE SOME THE CARS TO GET SOMEWHERE ELSE.
SO WHERE DO WE PLACE THAT PARKING AND ARE THERE DIFFERENT THINGS THAT WE CAN DO WITH PARKING THAT MAY DO NOT SEE THESE PROBLEMS? SO, UM, SO VARIETY STRATEGIES.
THE FIRST THING IS USING ENHANCED PAVING TO MAKE IT FEEL MUCH MORE LIKE A
UH, AND THEN THE BIG THING IS WE HAVE A LANDSCAPE, UH, MEDIAN OR ISLAND DOWN IN THE MIDDLE IN WHICH WE CAN USE THAT TO COLLECT STORM BROUGHT OFF FROM BOTH BUILDINGS AND PAINTING, UH, WHICH WILL, UH, ALSO ALLOW THAT LANDSCAPE TO BE INTEGRATED BY, BY STORM.
SO A COUPLE DIFFERENT, UH, PROJECTS.
SO WE ARE BREAKING DOWN, UH, LARGER BUILDING MASS AND SMALLER BUILDING MASSES.
YOU CAN SEE IN THE TOP LEFT CORNER, UH, INTRODUCING CERTAIN ELEMENTS TO MAKE IT FEEL MUCH MORE, UH, PEDESTRIAN.
ON THE BOTTOM LEFT, YOU'LL SEE, UH, APPROACHING THE POOL.
UH, FOR THIS PARTICULAR PROJECT, OUR GOAL IS TO MAKE THE POOL BIT HIGHER UP, UH, AS VIEWS OF THE THREE PHOTOGRAPHY SLOW DOWN.
UM, THIS ALSO ALLOWS EVERYONE TO EXPERIENCE THE ONES THAT MADE THE HIGHEST RENT.
TOP RIGHT IS THE IMAGE THAT WE WERE JUST TALKING ABOUT, UH, OR THE BOAT WE TALKING ABOUT WHEN SAFE FROM LANDSCAPING WITHIN THAT ISLAND.
UH, DIVERTING STORM,
AND THEN THE BOTTOM RIGHT IS TALKING ABOUT THE SCATTERING.
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ARE, WE ALSO HAVE A SURVEY OF THE TREES THAT WE CAN BUILD DIFFERENT GATHERING AREAS AROUND EXISTING TREES.WE THEN ALSO GETS
SO THESE ARE A VARIETY DIFFERENT AMENITIES THAT WE ARE PLANNING FOR ON THE PROJECT.
TOP LEFT IS COMMUNITY GATHERINGS, AND THESE ARE YOUR, YOUR LOUNGE AREAS, PLACES WHERE, UH, ONCE AGAIN, PEOPLE HAVE A PLACE TO GATHER, BUT WE, WE ALSO THINK ABOUT DIFFERENT, UH, AMENITIES.
IT'S INTERESTING AS MUCH AS, UH, EVERYONE THINKS OF ALL THESE DIFFERENT NEW TYPE OF AMENITIES, SOMETIMES IT'S THE EASIEST THINGS AS FAR AS PROVIDING MORE HABITS.
SO THINK ABOUT HOW MANY OF YOU MIGHT GO TO THE PA SHOP TO WORK BETWEEN MEETINGS, BUT YOU CAN'T PLUG IN, UH, PLUG YOUR LAPTOP IN IT, YOUR, YOUR BATTERY'S NOW GOING ON.
SO A LOT OF TIMES IT'S THE LITTLE THINGS AS FAR AS JUST DOUBLING OR TRIPLING THAT BALANCE SPACE.
THE TOP RIGHT, YOU'LL SEE, UH, THE TYPE OF FINISHES THAT WE'RE LOOKING AT AND CLEAN OUR UNITS.
SO WE DO, UH, STAINLESS STEEL
WE TYPICALLY MAY NOT SEE THAT, UH,
AND IT'S ALSO JUST MUCH MORE FUNCTIONAL.
UM, WE DO, UH, FULL SIZE STACK WASHER DRYERS, AND THAT IS ALSO WITHIN THE UNIT AND IT'S ALSO PROVIDED BY US THAT, SO THAT IS NOT SOMETHING THAT, UM, WE ARE, WE DO NOT HAVE COMMON LAUNDRY ROOMS. WE, UH, ARE NOT REQUIRING TENANTS TO BRING THEIR OWN LAUNDRY DRIVERS.
THAT IS SOMETHING THAT IS ALL WITHIN THEIR UNIT.
AND IT'S JUST LIKE ANY OTHER MARKET RATE.
UH, IN ADDITION TO THAT, WE, UH, HAD, UH, WALK-IN FAUCETS.
UM, ONE THING THAT'S NOT MENTIONED, UM, ON THIS IS IF Y'ALL SAW THE IMAGE ON THE FIRST PAGE OF THE PRESENTATION, WE MIGHT NOT HAVE A LARGE PERCENTAGE OF PRINT.
UM, AND THE REASON FOR THAT IS NUMBER ONE CREATES A MUCH MORE QUALITY PROFIT, BUT ON THE MAINTENANCE STANDPOINT, IT DOESN'T REQUIRE PAINT.
IT HOLDS UP TO THE DIFFERENT ELEMENTS.
SO, UM, IT IS ON THE LAST BOND WE HAVE ABOUT 90% OF BRICK ON ALL STREET FACING ELEVATIONS.
AND THAT'S SOMETHING THAT FROM AS WELL AS WE HAVE A LARGE PERCENTAGE OF GROWTH BECAUSE REALLY DOES SLIDE.
SO THESE ARE SOME OF THE UNION PLANS, UH, THAT WE ARE PLANNING FOR ON THIS PROJECT.
THESE ARE OUR NEW PLANS THAT ARE GOING IN OUR BENCH PROJECT.
SO WE ALSO HAVE THE BENEFIT OF SEEING EM FRAME AND ACTUALLY SEE HOW THEY FILL.
THE, THE BIG, UH, SIMILARITY IN ALL THESE IS THAT WE'VE TAKEN A CRITICAL APPROACH TO ANYTHING.
UM, WE HAVE LOOKED AT TRADITIONALLY, YOUR, YOUR GENOTYPE DEPTHS ARE ABOUT 30 FEET MULTIFAMILY AS A RESULT.
THEY, THEY WORK AROUND PARTS SIZES.
SO WE'VE CHALLENGED OUR TEAMS TO LOOK AT WHAT DEPTH IS MOST EFFICIENT FOR THESE TYPE OF UNIT PLAN THAT WE NEED, DEVELOP THE SIZE OF
SO THE TWEAK THAT WE PLAN ON MAKING OR ETTE IS JUST MAKING THE, THE BEDROOMS ABOUT FOOT WIDER, MAKING A LIVING ROOM JUST A FOOT BARE, JUST TO GIVE IT A LITTLE BIT MORE, UH, ROOM.
ONCE AGAIN, WE'VE, WE'VE HAD THE BENEFIT OF, OF WALKING UNITS THAT ARE FRAMED AND HAPPY TO WALK ANYONE AT THE FRONT PROJECT RIGHT NOW.
JUST CURIOUS TO SEE WHAT THOSE UNITS LOOK AND FEEL LIKE.
WE WE'RE EXCITED ABOUT THE PROGRESS.
UM, WE'RE, I'M EXCITED TO SEE THE NEXT STAGE, UH, THAT WE
THAT'S NOT SOMETHING YOU TYPICALLY SEE WITHIN, WITHIN, UH, MARK GRAY APARTMENTS WE'RE ESPECIALLY MIGHT BE A A TWO BEDROOM, TWO BATH WE FEEL IN SOUTHERN DALLAS.
THAT'S A VERY PLACE A VARIETY OF, SO YOU MIGHT HAVE SOMEONE WHO IS WORKING, THEY REALLY JUST WANT THAT EXTRA BEDROOM AS AN OFFICE, BUT THEY DON'T NEED THE SECOND BATHROOM, UH, TO PAY MORE MONEY ON RENT.
OR IT MIGHT BE THE SINGLE MOTHER WHO DOESN'T NEED THAT MUST RATHER HAVE $200 AS POCKET RATHER THAN HAVING THAT, THAT EXTRA BATHROOM WHERE SHE'S SHARING THAT A BATHROOM, UM, WITH HER CHILDREN.
SO WE'RE, WE'RE EXCITED ABOUT TWO, UH, WHEN THAT IT IS, UH, UNIT TYPE THAT WE HAVE IN THE BENCH PROJECT.
SO WE'RE EXCITED TO SEE HOW THAT'S PERCEIVED BY SLIDE.
UM, GOING ADD, WHICH
ONE OF THE THINGS THAT'S REALLY IMPORTANT TO WHAT WE DO IS THERE'S NO DISPARITY QUALITY.
DOESN'T MATTER TO US IF WE'RE GONNA BE BUILDING SOMETHING, SAME QUALITY
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THAT YOU GET ON PROJECTS, THE SAME QUALITYTHAT'S REALLY THE SECOND THING THAT I WANTED TO BRING UP BECAUSE I NEGLECTED TO MENTION IT EARLIER.
SO UNDERSTAND IS THAT, UM, WE WERE ALSO IN THE MIDDLE, UH, THE, UH, APPLICATION PROCESS WITH THE ECONOMIC DEVELOPMENT CORPORATION AND, UM, THE OVERALL
THE EC HAS REQUESTED THAT WE, UH, APPLY SEPARATELY AS A MULTIFAMILY.
SO WE'RE ALSO IN ALL OF THAT PROCESS AS WELL.
UM, MOVING ON WITH RESPECT TO THE TEAM YOU'VE ALREADY INTRODUCED MYSELF AND JONATHAN.
THE THIRD MEMBER OF THE TEAM WAS TO BE HERE AS
UM, UM, SO WE BELIEVE THAT BETWEEN ALL OF US AND JUST OUR SKILLSET, WE'VE GOT OVER 2200 UNITS OF EXPERIENCE BETWEEN THE THREE OF US.
SO WHEN IT COMES TO EXECUTING, AND I THINK THE BIGGEST ONE OF THAT IS WHAT WE SEE AT THE TOP, OUR EXISTING PROJECT, PFC AND BENCH, WHICH IS ON TIME, ON BUDGET AND SCHEDULED TO
SO TO TO CLOSE, WE'D LIKE TO RESPECTFULLY ASK FOR SUPPORT BECAUSE, UM, WE SEE THIS PROJECT AS CORNERSTONE OF SUCCESS WITH THE OVERALL
WE BELIEVE THAT THE MULTIFAMILY HELPS CREATE A VIBRANT REAL ESTATE ECOSYSTEM IN THE SOUTHERN SECTOR THAT HASN'T BEEN SEEN BEFORE.
AND IT REPRESENTS THE BEST QUALITIES OF THE PC PROGRAM BY EMPOWERING THE DEVELOPMENT OF HIGH QUALITY MIXED INCOME HOUSING IN AREA DALLAS THAT HISTORICALLY HAS BEEN UNDERSERVED BY THE DEVELOPMENT COMMUNITY OR TYPICALLY ONLY SERVED BY VITECH PROPERTIES.
THE TRACK RECORD OF OUR SPONSORSHIP EXPERIENCE IN OUR CURRENT VPFC EXECUTION HOPEFULLY DEMONSTRATES, UM, AN ABILITY TO SAY WHAT WE ARE.
WE'RE EXECUTING
WE REALLY APPRECIATE YOUR TIME.
THANK YOU FOR CONSIDERATION QUESTIONS.
WE'LL, UH, OPEN FORWARD FOR, UH, QUESTIONS.
UM, MR. PALMER WANNA ADD SOMETHING? NO, I DON'T REALLY NEED TO ADD ANYTHING OTHER THAN TO SAY THAT, UH, THIS MOU IS STRAIGHT UP ON OUR STANDARD TERMS. UM, WE HAVE, AS YOU KNOW, OUR TYPICAL PROVISION IS FOR US TO HAVE A 15% SHARE OF THE FIRST SALE, UM, AFTER THE RETURN OF EQUITY AND AN 8% PREFERRED RETURN.
THEY HAVE ASKED US TO INCREASE THAT TO A 10% PREFERRED RETURN, UM, JUST BECAUSE THE MARKET IS HIGHER.
I WILL TELL YOU WE HAVE DONE THAT IN OUR LAST TWO DEALS.
UM, BUT I DID NOT WANT TO PRESENT THAT UNTIL THE BOARD TOLD US THAT IT WAS OKAY TO DO THAT.
UM, THE OTHER THING I WANT TO BE CLEAR ABOUT IS THIS PROJECT NEEDS IS ASKING FOR 15 AND A HALF MILLION DOLLARS OF DALLAS ECONOMIC DEVELOPMENT FUNDS TO MAKE THE ENTIRE PROJECT VIABLE.
WE WOULD NOT NORMALLY BRING THIS PROJECT TO YOU UNTIL WE KNEW THEY HAD THOSE FUNDS, BUT IN THIS CASE, THE DALLAS ECONOMIC DEVELOPMENT DEPARTMENT HAS ASKED US TO CONSIDER THE PROJECT FIRST INDICATING THAT IF WE APPROVE THIS PROJECT, THEN THEY WILL GIVE SERIOUS CONSIDERATION TO GRANTING THE ECONOMIC DEVELOPMENT LOAN.
BUT IF WE DON'T APPROVE THE PROJECT, UH, THEN THEY'RE NOT GOING TO REVIEW THE ECONOMIC DEVELOPMENT REQUEST.
SO THAT'S WHY IT'S ON YOUR AGENDA, UH, EVEN THOUGH THEY, WE WILL BE WAITING ON THOSE, ON THAT DETERMINATION OUT OF THE CITY OF DALLAS ECONOMIC DEVELOPMENT DEPARTMENT.
SO, TO QUESTION ON THAT POINT, UH, AND JUST BE CURIOUS, I'M GONNA ASK YOU ABOUT THE MASTER.
I'M HAVING, I'M HAVING TROUBLE HEARING YOU.
CAN YOU HEAR ME OKAY NOW? YES, SIR.
UH, SO WE APPROVED THIS SITE WITH JPI.
SO I GUESS I'M UNCLEAR AS TO WHY ECONOMIC DEVELOPMENT WOULDN'T, IT'S ALREADY BEEN APPROVED, UM, AND WE HAVE TO TAKE AN ACTION ON IT SETS.
UM, SO I GUESS I'M UNCLEAR ON WHY ECONOMIC DEVELOPMENT WOULDN'T CONSIDER IT, UH, UNDER THE CONTEXT OF, UH, MARTY HAVING
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APPROVED SITE OR PROJECT SITE.PROBABLY BECAUSE WE APPROVED THAT WITH A, I THINK A DIFFERENT DEVELOPER AND THEY WANT US TO REAPPROVE IT WITH THIS DEVELOPER AND, AND THIS SPECIFIC PROJECT.
UM, DO YOU HAVE ANY, UH, INSIGHT ONTO, INTO THE TYPES OF FUNDS THAT THEY'RE, UM, ASKING FOR AND OF WHAT IT'S IMPORTANT? I I DO NOT.
YOU COMING DOWN, FINDING THIS
I REALLY APPRECIATE HEARING ABOUT THE REVENUE PROJECT ON TIME, ON BUDGET, UM,
SO I DO HAVE A COUPLE S COUPLE QUESTIONS.
WE TALK ABOUT BUDGET, THEN I'LL, UM, ATE, UM, WHEN YOU CHECK THAT BOX, UH,
SO ON YOUR CAPITAL STACK AND YOUR SOURCES 24 MILLION EQUITY, 20 DEBT IS THE EDC IS AN ACCOUNT DEVELOPMENT MONEY PART THAT 24
SO THOSE ARE ALL GREAT QUESTIONS ABOUT EDC.
AND UNFORTUNATELY IN SOMEONE LIKE MYSELF THAT TRIES TO WORK WITH CERTAINTY, UM, WORKING WITH EC DOESN'T REALLY COME WITH A LOT OF THAT.
AND SO OUR APPLICATION, EDC IS IN GENERAL A DOLLAR AMOUNT THAT WE BELIEVE THAT WE NEED IN ORDER TO MAKE A PROJECT VIABLE AND SAYS ESSENTIALLY WE'LL FIGURE OUT WHAT'S MADE UP AT THIS POINT IN TIME, THEY HAVEN'T TOLD US WHETHER IT'S GONNA BE A GRANT, LOW INTEREST LOAN.
UM, WE EVEN PUSH BACK ON THEIR REQUEST THAT THEY HAVE ON SEVERAL PATIENTS, 2% AND HAVE TO GO THROUGH THE DPFC PROCESS WITHOUT CERTAINTY AROUND THAT.
UM, UNFORTUNATELY THAT WAS A, UM, UM, A NON STAR CAPITAL STACK THAT YOU SEE IN FRONT OF THERE.
WHENEVER I UNDERWRITE A DEAL, I ALWAYS ASSUME THAT WE ARE GOING TO CAPITALIZE THE PROJECT WITH DEBT AND PRIVATE EQUITY AND NOT RELY ON ECONOMIC INCENTIVES TO BUILD GAP.
RIGHT? AND THE WAY THAT THE MODEL HAS BEEN PRESENTED TO THE DPFC IS THAT THE INCENTIVES COME IN AS THAT CMO AS A REIMBURSEMENT, WHETHER A PAYMENT OF THE DEBT PAY DOWN OF THE DEBT OR A REIMBURSEMENT OF EQUITY, BUT ONLY AT C OF O CURRENTLY, IT IS COMING IN IN THE MODEL AS A REIMBURSEMENT OF EQUITY.
BUT IF YOU'RE ANY LENDER WORTH YOUR SALT, PROBABLY GONNA SAY, I'M GONNA TAKE THOSE MONIES FIRST AND PAY ME DOWN, AND THEN YOU CAN GET ANY DOLLARS CASHFLOW.
I JUST WONDER, THIS KINDA LEADS TO THE NEXT QUESTION.
SO IT'S NOT REALLY A TRIBUTE TO INFRASTRUCTURE WHERE
YOU SAID THAT, UM, MAYBE ARE BRINGING IN INFRASTRUCTURE, BRING IN, THEY, THEY'RE ALL SET
SO THEY'RE DOING THE MASQUERADING ON THE SITE.
THEY'RE DOING, UM, ALL THE MASQUERADING, ALL UTILITIES, ALL ROADWAYS UP INTO OUR SITE.
SO WE'RE RESPONSIBLE FOR EVERYTHING ON THE INTERIOR OF OUR SITE.
UM, DIRECTOR TOLEDO, IT'S A GREAT QUESTION.
UM, AGAIN, AS SOMEONE WHO COMES FROM A CONSERV YOU KNOW, VERY CONSERVATIVE BANKING BACKGROUND, IT'S HARD TO OPERATE.
AND I ANSWER THOSE QUESTIONS BECAUSE I DON'T HAVE CERTAINTY AROUND IT.
BUT WHAT WE DO KNOW IS THAT THERE'S A EXTREME AMOUNT OF INTEREST FROM THE C DM WANTING TO SEE THIS, THIS PROJECT SUCCEEDS AND A WILLINGNESS TO, TO ASSIST IT.
AND, AND THAT'S WHERE WE STARTED THIS PROCESS WHERE, UM, WE PRESENTED THEM WHAT WE THINK THAT WE COULD DO GET DONE.
WE'VE SOLICITED FEEDBACK ON THAT AND WE ALSO, YOU KNOW, TOLD WHAT WE WONDER, IT'S GONNA BE INTERPLAY'S BETWEEN BE BECAUSE WELLS NOW IN HOUSE, RIGHT? ONE TWO MERGED UNDER ROBIN, IT'S ALL GAS.
SO I'M JUST CURIOUS IF IT'LL BE INTER INTERPLAY UP SIDE.
WE HAVE THAT QUESTION SOUNDS LIKE
WELL, YOU KNOW WHAT'S, THAT'S, IT'S THEIR BUSINESS.
THEY WANNA GIVE YOU $15 MILLION.
WELL, THERE, THERE'S, I THINK
[00:35:01]
CORRECT MEAN THAT WELL IIII APPRECIATE THAT.UM, LIKE THE PREVIOUS
IT'S GONNA GET CERTAIN RENT THAT MOVES OUT.
SO THE CHALLENGE, SO MUCH MAKING CHALLENGE IS BUYING HOUSES
SO, SO I WOULD AGREE WITH YOU ON THAT.
OUR COMMUNITY MEETING THAT WE POSTED BACK DALLAS, SO THAT RUSSELL DALLAS, THAT'S THE FIRST THING.
IT'S, WE'VE ALREADY GOT A LOT OF LINES.
SAY AGAIN? I ABSOLUTELY CLASS WITH THAT.
AND THAT'S WHERE, YOU KNOW, RUSSELL FLYNN STOOD UP AND DISCUSSED AND COUNCILMAN STINSON STOOD UP AND SAID, WE'RE LOOKING AT THIS PROJECT.
COUNCILMAN GRACIE STOOD UP AND, AND SAID, WE'RE, WE'RE ADDRESSING THIS AS A LARGER 90 ACRE AGAINST DEVELOPMENT, CREATING AN ECOSYSTEM THAT EVERYTHING RELATES AND NOT JUST A SINGLE PROPERTY THAT'S, THAT'S, YOU KNOW, JUST PUT DOWN IN AND IN A FIELD.
UM, BUT YES, I I DO, I I I SEE IT ALL THE TIME.
AND, AND AND, AND THAT'S WHY WE TALK A LOT ABOUT QUALITY IS ONE OF THE THINGS THAT, AT LEAST FROM, FROM MY EXPERIENCE, WHAT I'VE LEARNED IN IN DISTRICT REPORT, PARTICULARLY FROM MEMBERS OF THE COMMUNITY THAT I'M IN, IS, UM, IT'S THE ISSUE OF RECLAIMING POOR QUALITY THAT'S BEEN THERE IS ESTABLISHED A LONG TIME AGO, RECLAIMING COMMUNITY, UM, TO REDEEM THE QUALITY.
SO THAT'S WHY WE TALK ABOUT 90% OF OUR EXTERIOR BEING BRAND.
'CAUSE YOU DON'T HAVE TO PAINT IN IT EVERY 10 YEARS.
UM, QUALITY FINISHED AS A POOL.
THERE'S A LOT OF THINGS HAPPEN LOTS PLACE.
BUT I, I COMPLETELY UNDERSTAND.
THE, UM, AT THAT MEETING WITH THE FAIR SHERIFF FOLKS WARDS AND SEEMS LOUD, UM, I COULD SAY THERE WAS SOME LOUD VOICES THERE, BUT I DON'T KNOW SPECIFICALLY IF, IF THEY WERE THERE OR NOT.
FORGIVE ME, THE THE MEETING WAS, UH, LAST YEAR AND I DON'T APPRECIATE THIS LESS, WE'RE TALKING FIVE YEARS BY THE TIME YOU BRING INSTRUCTOR TO THE PLAN, IMPROVE NOT FIVE MEAN TO STAY UNDERSTOOD.
AREN'T YOU DOING THAT? WELL, IT IS DEFINITELY.
IT'S DEFINITELY A LONGER PROCESS.
IT HAS BE A FULL BID DAY, PROBABLY IN ABOUT 10% OF THE BACK TRAYS OF YOU WERE, UH, REFERENCING SOME OF THESE P BROUGHT UP SPECIFICALLY COUNSEL.
BUT, UH, THIS HAS BEEN SOMETHING MAKING THIS PROJECT SPECIFICALLY TO LEAD ON HIS CAREER.
UH, CITIZENS OF DISTRICT DEGREE,
BUT I DO BELIEVE SOME OF THE
SO THERE HAS BEEN
ALL THIS HAS BEEN, ED
[00:40:01]
PRETTY MUCH THIS IS SEEN VERY FAVOR EVERYBODY SUPPORT OF, ESPECIALLY WITH THE TEXAS HOPEFUL PARTICULAR AREA.PROVIDED SOME OF, UH, HISTORY DISTRICT THREE, DISTRICT FOUR, THE HISTORY, AND ESPECIALLY VERY CAREFUL TO
MY PROMISING THINGS BUILT SUBSTANDARD SO FAR.
GOT NOW IN RECENT YEARS, ALL OF THAT REALLY HAS CHANGED.
MORE
SO RIGHT NOW, THIS IS PRETTY BRING TO, TO ME, KEEP MY ONE ON RAILS.
I CONTINUED KEEP MY, THAT WAS PAYING FOR MR. HANSON.
A LOT OF DISCUSSION COMING INTO ENGAGEMENT.
UM, AND SO JEN, I'LL, I'M, I'M GONNA ASK FOR YOUR WISE COUNSEL ON THIS AS A, A WAY TO KIND OF, TO HELP US, UH, THROUGH THIS.
IS THERE A, IS THERE A WAY, UM, FOR US TO PUT A, A TIMELINE ON IT THAT'S NOT RESTRICTIVE TO SUITE, BUT JUST SOMETHING THAT GIVES US, UH, UM, 'CAUSE I'VE GOT THAT JPI PROJECT IN THE BACK OF MY MIND, THE FRONT OF MY MIND, UM, AND THAT WE'VE APPROVED IT ALREADY AND I I, IT FEELS LIKE NOW IT'S JUST TOO EARLY.
THAT WAS JUST KIND OF, YOU KNOW, JUST TOO EARLY.
UM, BUT IS THERE ANYTHING THAT WE CAN DO TO PUT SOME, UH, TO TIMELINE IT A LITTLE BIT? WELL, WE, WE DEFINITELY CAN.
UM, I WANT PUT A TIMELINE ON OUR INDUCEMENT AND SAY THAT THEY MUST CLOSE WITHIN PICK A TIME ONE YEAR, 18 MONTHS, TWO YEARS.
AND I, WELL, I DON'T WANNA NEGOTIATE AGAINST MYSELF
COUNCILWOMAN ARNOLD, UM, DID SOMETHING LIKE THAT THE DAY THAT WE WERE SUPPOSED TO BE APPROVED.
SHE SAID, I'M NOT GONNA VOTE FOR THIS UNLESS THERE'S SOMETHING THAT SAYS, YOU KNOW, IF YOU DON'T BREAK GROUND WITHIN A CERTAIN PERIOD OF TIME, THEN THE RIGHTS STILL.
SO I'M IN COUNCIL THAT MORNING TALKING TO MEMBERS OF, OF STAFF TO GET THAT LANGUAGE ADDED IN TO, TO THE COUNCIL.
AND SO I'M COMFORTABLE WITH THAT.
HAPPY TO WORK WITH, UM, THE BOARD TO FIGURE OUT WHAT THAT LOOKS LIKE.
IF, IF WE CAN HAVE THE RIGHT TO COME BACK TO YOU IF SOMETHING HAPPENS, WE ABSOLUTELY, I'M, I'M FINE WITH THAT.
I THINK 24 MONTHS IS A FAIR INITIAL AGREE WITH WHAT SHE JUST SAID.
AGREEING THAT RIGHT NOW IS STILL, IT'S STILL EARLY.
WE'RE STILL SUBJECT TO THE EDC PROCESS.
AND, AND WAIT, YOU'RE NOT CLOSE, WERE YOU CLOSE ON A PRIOR
IT'S GOING WELL AND HOPEFULLY MOVING TOWARD THE FINISH LINE, WHICH WOULD MEAN THAT THEY HOPEFULLY START CONSTRUCTION FIRST QUARTER OR SECOND QUARTER, EIGHT TO 10 MONTHS OF HORIZONTAL.
SO, UH, I'LL, I'LL DICTATE THE SHORT ANSWER IS YES, WE CAN BE OPEN TO THAT.
[00:45:02]
UM, SO, UH, MY LAST COMMENTS ON THIS ARE, UM, I, I PERSONALLY I, THAT JPI, UM, DEALS BECAUSE OF THIS SITE.UH, WE'VE GOT SINGLE FAMILY TAIL,
UM, IT'S BEEN VETTED IN THE COMMUNITY AND MOST IMPORTANTLY IN MY MIND, BECAUSE OF WHERE IT IS, IT'S REAL CATALYST TYPE.
UM, AND AS THE PRO FLIES, IT'S NOT BAR, BUT IT FEELS LIKE, YOU KNOW, UM, SO I, I LOVE IT.
UH, I THINK CAN, UH, GET YOU THERE AND THE, I DON $2.
I JUST, IT DOESN'T FEEL LIKE I TIME WOULD, WOULD ALL PARTIES BE COMFORTABLE WITH, UH, ADDING A PROVISION TO THE TERM SHEET THAT SAYS THAT THIS PROJECT MUST CLOSE WITHIN A ONE YEAR PERIOD, WHICH MAY BE EXTENDED, UH, BY THE PFC? UH, IT JUST DOESN'T, UH, I, I THINK, UH, SUE AND JONATHAN ARE SORT OF THE, UH, AT THE MERCY OF THE MASTER DEVELOPMENT
WE HAVEN'T EITHER, BUT WE HAVE A COMMENT FROM A DIRECTOR COUNCIL.
I, I COULD HAVE MISSED SOME OF THE RESPONSES IN TO DIRECTOR TOLEDO'S QUESTIONS.
UM, AND SO I MAY BE REPETITIVE, BUT, UH, HISTORICALLY I'VE BEEN CONCERNED ABOUT PROJECTS THAT MIXED, UH, OTHER SOURCES OF FUNDING FROM THE CITY OF DALLAS.
UM, 15 MILLION IS A LOT IN THIS PARTICULAR CASE COMPARED TO WHAT I CONSIDER, UH, YOU KNOW, 45 MILLION IN, YOU KNOW, COST TO BUILD THIS.
SO I GUESS IF, IF IT BEARS REPEATING, WHY IS THIS 15 MILLION SORT OF MEAN, I CAN APPRECIATE THE CITY NOT ALWAYS BEING FRONT.
BUT AT THE SAME TIME, THE, THE THE SHARE THAT THE, THAT WE ARE PROVIDING, THAT THE PFC IS PROVIDING, OBVIOUSLY DOESN'T CLOSE THAT GAP.
SO WHY IS IT THAT THE MONEY THAT WE'RE BRINGING TO THIS PROJECT WOULDN'T BE ENOUGH TO GET THERE? WHY IS THERE 15 MILLION THAT HAS TO BE FILLED ONE WAY OR ANOTHER? I'M NOT HEARING THAT THERE'S UNUSUAL SITE CONSIDERATIONS.
SO THERE'S OR UNUSUAL EXPENSES ABOUT THIS PROJECT.
I, I GUESS I NEED A LITTLE BIT MORE AS TO WHY WE NEED TO SORT OF TAKE THE LEAP WITH THE DEVELOPER THAT ALLOWS SORT OF THIS 15 MILLION HOLE TO SORT OF BE UNRESOLVED AT THIS TIME.
SO, UH, DIRECTOR COUNCIL, I WOULD, I WOULD SAY THAT I SHARE YOUR, UM, YOUR SURPRISE OR I DON'T KNOW WHAT THE WORD IS ABOUT THE $15 MILLION NUMBER.
UM, 'CAUSE WHEN I WENT AND TURNED IN THE APPLICATION TO THE EBC, UM, THEY ASKED HOW MUCH IT WAS FOR, AND I KIND OF LIKE DEFERRED OUT EMBARRASSMENT.
UM, BUT WHEN I MENTIONED THE NUMBER, THE RESPONSE WAS, OH, THAT'S NOTHING.
I'VE GOT ONE RIGHT NOW THAT'S FOR LIKE $75 MILLION.
SO I WAS PRESENTLY SURPRISED THAT THAT WASN'T SOMETHING, A NUMBER THAT, UM, MADE 'EM FALL OVER IN THEIR CHAIRS.
UM, 'CAUSE IT FEELS OPTICALLY LIKE A LOT.
UM, AND I DEFINITELY SENSITIVE, UM, TO ANSWER YOUR QUESTION, WHY, UM, SO A MAJORITY OF THE PRODUCT FROM A, A MULTIFAMILY OWNED PERSPECTIVE IN THAT MARKET IS INDEXED BY TECH PROPERTY BETWEEN 30 TO 60% BOND.
AND REALLY THIS IS JUST A PRODUCT OF WHAT CAN MARKET HERE AND THE IN, IN AN ENVIRONMENT WHERE CONSTRUCTION COSTS ARE AGNOSTIC TO WHERE YOU DEVELOP IN THE CITY OF DALLAS TO AN ENVIRONMENT WHERE OPERATING EXPENSES ARE AGNOSTIC TO WHERE YOU DEVELOP IN THE CITY OF DALLAS.
AND, AND OPERATING EXPENSES FROM INSURANCE TO PAYROLL, UM, HAVE CONTINUED TO INCREASE THE, THE PRESSURES ON GENERATING RETURN TO GO OUT AND RAISE PRIVATE EQUITIES AND CONVENTIONAL DEBT REMAIN THERE.
AND SO, UM, PART OF US, ONE OF OUR BIGGEST, UM, POINTS OF PRIDE IS BEING ABLE TO PRESENT SOMETHING TO THE COMMUNITY CITY OF DALLAS, UM, THE D-P-S-C-D-D-C TO SAY THAT IF WE SAY THAT WE CAN DO THIS, WE CAN DO THAT.
[00:50:01]
THE COMMUNITY A PROMISE THAT WE MIGHT BE ABLE TO DO SOMETHING AND NOT FOLLOW THROUGH.SO THAT ALSO MEANS BEING ABLE TO, UH, PUT TOGETHER A DEVELOPMENT PROFORMA AND PLAN THAT CAN'T BE EXECUTED ON.
AND SO WE, WE ENDED UP GETTING A MARKET STUDY FROM NOBLE BRAD, UM, TO HELP INFORM REVENUE OPPORTUNITIES AT THIS PROJECT.
AND WE HAVE INFORMED OUR UNDERWRITING BASED ON THAT.
AND SO WHEN YOU INFORM YOUR REVENUE ASSOCIATED OR YOUR REVENUE ASSUMPTIONS BASED ON A MARKET STUDY THAT THAT NO REGRET AND WHAT THEY SAY AND THE, THE MARKET WILL BEAR, UM, THAT'S WHERE THE NEED FROM THE ADDITIONAL DOLLARS FROM COMES IN.
CURRENTLY IN DISTRICT FOUR ON A, OUR WEIGHTED AVERAGE RENT IS NORTH OF $1,500, 1565 TO BE EXACT.
THE MARKET THAT I CAUGHT MY PROPERTY ON RAIL AGAINST, WHICH IS CEDARS BISHOP ARTS AND FARMER'S MARKET, WEIGHTED AVERAGE RENT OF THOSE PROPERTIES IS NORTH OF $1,800 A MONTH.
NOAH BRADOCK CAME BACK AT A WEIGHTED AVERAGE RENT OF $1,300 A MONTH ON THE PROJECT CURRENTLY UNDER CONSIDERATION HERE.
SO YES, THERE IS A NEED TO TAKE SOME SORT OF EQUITY RISK IN A DEAL WITH RESPECT TO RENTS.
BUT TO SAY THAT WE HAD TO TAKE IN A WEIGHTED AVERAGE RENT OF $1,800 A MONTH, WHICH IS WHAT THE CEDARS BISHOP ARTS AND FARMERS' MARKET IS CURRENTLY RIGHT NOW, IS NOT SOMETHING THAT I FELT LIKE WE'D BE ABLE TO CAPITAL OBVIOUSLY, ONE OF THE BIGGEST CHALLENGES THAT I HAD, AND I'M AGAIN, ONLY $265 LESS CURRENTLY OFF OF MORERE JUST EAST OF 35, EAST OF THE ZOO, ONE OF THE BIGGEST CHALLENGES THAT WE HAD IN CAPITALIZING OUR PROJECT WERE THE FIRST QUESTIONS THAT THE EQUITY SOURCES WOULD ALWAYS ASK ARE, TELL ME ABOUT YOUR RENTS.
AND THE PLAYBACK WAS, I DON'T THINK YOU'RE GONNA BE ABLE TO GET THE RENTS.
NOW I DIGRESS AND DISAGREE WITH THAT, BUT, UM, THOSE ARE OUR BIGGEST CHALLENGES ON MARELLE, WHICH IS JUST EAST OF THE DALLAS ZOO.
UM, I WOULD FORESEE US HAVING THE SAME QUESTIONS, UM, ON, ON THIS PROJECT DOWN THERE, HENCE THE NEED FOR THE ADDITIONAL DEVELOP SEL.
DOES THAT ANSWER YOUR QUESTION? IT DOES.
UM, AND, AND I APPRECIATE, YOU KNOW, COMPARING AND, AND, AND IT'S, IT IS SOMETHING THAT CAN VARY, UH, BY DISTRICT, BY SUB-DISTRICT, PART OF TOWN, ET CETERA.
UH, IT DOES THE REQUEST OVERALL WITH THIS POSITION KNOWING THAT OTHER THINGS WILL HAVE TO HAPPEN LATER.
I THINK MOST PEOPLE ON THIS BOARD WOULD CONSIDER THAT UNIQUE COMPARED TO OUR OTHER PROJECTS.
BUT, BUT AT THE SAME TIME, IT MAY REFLECT THE SITUATION THAT WE'RE LITERALLY IN, UH, WITH THIS PROPERTY.
BUT, BUT, BUT TO ME, THIS, THIS MAKES IT ONE OF THE TOUGHEST, UH, REQUESTS I'VE, I'VE HAD TO DEAL WITH PERSONALLY.
UM, IS THIS, UH, ECONOMIC DEPARTMENT OF ECONOMIC DEVELOPMENT AT DOLLARS OR IS IT ECONOMIC DEVELOPMENT? IT'S, IT'S, ARE, ARE YOU DISTINGUISHING BETWEEN THE PRIVATE ORGANIZATION? IT'S THE PUBLIC EDC KIND STAFF.
SO THE DEPARTMENT OF DEVELOPMENT.
YOU HAVE ANY OTHER FURTHER COMMENTS FROM HERE ON ONE QUICK FOLLOW UP? UM, YOUR CONVERSATION WITH DDC, UM, PART, YOU KNOW, BIG PART OF YOUR THIS COMMUNITY IS SIZE.
WHAT'S TO PREVENT DDC FROM THAT SAYING, OH, WE'RE GETTING 15 MILLION, WE WANT MORE FOR WHERE IT GETS CLOSER TO TWO MONTHS.
WE WANT SEE 30, 60, WE WANNA SEE WHAT'S MORE FIXING BACK TO WORK OR TV MIGHT NOT BE SO SUPPORTIVE.
THEY HAVE NOT TALKED ABOUT AFFORDABILITY THERE.
WE HAVE SHOWN THEM AS THE SAME UNDERWRITING THAT YOU GUYS HAVE AND WE'VE SHOWN THEM SIMILAR RENT ROLL, SAME RENT ROLL THAT YOU GUYS HAVE.
UM, AND SO WE HAVEN'T DEVIATED, THERE'S NO TWO DIFFERENT RENT ROLL THERE.
UM, OUR GOAL IS TO, UM, THE GREAT THING ABOUT THE PUBLIC FACILITY COLLABORATION PROGRAM IS THE, THE MARKET RATE OPPORTUNITIES.
[00:55:01]
TRY TO PHRASE THIS IN A WAY THAT MIGHT NOT BE T TRUE BECAUSE SOMETIMES POINT TO OTHER THINGS THAT ARE DETRIMENTAL TO THE COMMUNITIES THAT WORKING IN GENTRIFICATION.BUT FROM WHAT I'VE LEARNED FROM COMMUNITIES THAT I'M IN IS, UM, FROM A HOUSING PERSPECTIVE, THE FIXED INCOME NATURE OF IT, OF ALLOWING HOUSING OPPORTUNITIES FOR THOSE PEOPLE IN THE COMMUNITY THAT EXISTS THERE, UM, TO WORK, TO LIVE ALONGSIDE POTENTIAL OPPORTUNITIES TO BRING NEW TENANTS IN, NEW PEOPLE INTO THE COMMUNITY IS, IS A, IS A POSITIVE PROPOSITION.
AND SO WHERE I THINK THAT WE HAVE THE OPPORTUNITY, AND SO WHEN I HAVE A CONVERSATION WITH PC, WE HAVEN'T GOTTEN TO THAT POINT.
THAT'S LITERALLY, IT'S AN ACCOUNTABILITY PERSPECTIVE, BUT THEN IT'S SOMETHING THAT WE NEED TO CONTINUE TO PUSH BACK THE CHALLENGE WHERE THIS IS WHAT WE NEED, THIS IS WHAT WE WANT.
THEY'RE RAISING AFFORDABILITY, BUT WE'RE ALSO GIVING THE OPPORTUNITY TO BRING A MIXTURE OF INCOMES AT HIGHER LEVELS INTO AN AREA, UM, THAT I THINK WOULD WELCOME THOUGHTFUL, UM, NEW ENTRANCES INTO THEIR
BUT I HAVEN'T HAD ANY, THE ONLY THING I CAN SAY, DIRECTOR TOLEDO, IS THAT WE'RE GONNA HAVE TO BE MINDFUL OF THAT.
WE'RE GONNA HAVE TO PUSH BACK ON THAT.
UM, I WOULD, I THINK THAT DEFEATS THE PURPOSE.
IF, IF IF THEY WANT LI TECH AFFORDABILITY, THEN WE NEED TO DO A LI TECH PROPERTY.
WE DON'T NEED TO BE DOING
DO YOU HAVE ANY FURTHER QUESTIONS OR COMMENTS FROM THE BOARD? DON'T SEE ANY CHANCE UP ON LINE.
ANY OTHER COMMENTS, QUESTIONS? DO WE HAVE A MOTION FOR MEMBER? SO MOTION FOR APPROVAL BY DIRECTOR ST.
DO WE HAVE A SECOND? SECOND, SECOND BY DIRECTOR PALACE FOR THEN MOVE FORWARD TO THE ROLL CALL VOTE.
AND DR, MY BOARD MEMBERS ON MINE, PLEASE MAKE SURE YOUR NUMEROUS YOUR VIDEOS ARE ON AS FAR.
SCOTT ANSEL NA STACY MARSHALL STINSON, YES.
PRIME BLANKENSHIP AB VICTOR TOLEDO PROOF.
KEN MONTGOMERY, MARK COLS PROOF.
LAUREL STONE APPROVE KEITH
SHERIFF STONE SHOWS THAT THE YES NOS ONE, ONE ITEM NUMBER SEVEN IS APPROVED.
YOU, AND NOW WE'LL UM, MOVE BACK TO, UH, ITEM NUMBER SIX, DISCUSSION REGARDING THE, THE DEMOLITION OF THE FACILITY AT 9 9 9 9 TECHNOLOGY BOULEVARD, SAM.
ALRIGHT, WE HAVE JAKE IN TO GIVE US AN UPDATE.
UM, WE GAVE A QUICK ONE EARLIER, BUT UH, HERE WITH MORE OFFICIAL TIMEFRAMES AND WHATNOT, IT'S JAY TO, UH, YEAH, MORE.
I THINK IT'S PRETTY SHORT TO SPEED TODAY.
UH, I WAS OUT THERE THIS MORNING, BUILDING'S TOTALLY DOWN AT THIS POINT, FALLING OFF THE REMAINING READ.
THEY DID HAVE ACTUALLY, THAT WAS PULLING AWAY.
YOU GUYS CAN HAVE A CONVERSATION ABOUT SECURITY TODAY.
TOTALLY HAPPY TO HAVE THAT OFFLINE.
THAT'S CERTAINLY FINE TOO, BUT IT'S, UH, TOTALLY DEMOLISHED.
HAPPY TO ANSWER QUESTIONS ABOUT THAT.
AND ALSO HAPPY TO TALK ABOUT TIMING I, THE OVERALL DEVELOPMENT.
UH, MR. BROWN, GUESS IF YOU GIVE US JUST SOME SHORT RUNDOWN OF SOME FUTURE DATES THAT WE MIGHT HAVE FOR THE OVERALL DEVELOPMENT.
YEAH, SO I, I THINK AT THIS POINT, UM, PLAN TO START OUR CLOSING FALL, OVERALL CLOSING PROCESS.
WE'LL START SOME
[01:00:01]
WEEKS.UH, FROM THAT POINT, GIVEN THE FACT THAT WE'VE GOT HOLIDAY SEASON COMING UP, I THINK IT'S PROBABLY, UH, REASONABLE DEFENSIVE IN PROBABLY EARLY FEBRUARY.
UH, BUT WE'VE GOT A PRETTY GOOD START ON A LOT OF THE LEGWORK AS FAR AS DOCUMENTS JUST FROM THE ORIGINAL CLOSING IN CD BG ONE.
AND THEN ALSO, UM, SUBSEQUENT
UM, JUST OVERALL TIMING CLOSING, I WOULD SAY THAT, UH, EARLY FEBRUARY 25 IS REASONABLE.
UM, JUST ON THE BUILDING PERMIT SIDE.
UM, AT THIS POINT, THE ONLY ITEM THAT'S OUTSTANDING FOR US TO GET BATCH CHECK PLANS THEN PULL PERMITS, UH, IS JUST TO RECORD SOME PUBLIC EASEMENTS.
SO THOSE ALREADY BEEN THROUGH THE REVIEW PROCESS.
UM, GOT THOSE SIGNED AND THEN JUST GET 'EM REPORT AND HAVE REPORT INFORMATION PLANS AND
SO, UH, WE'RE IN REALLY GOOD SHAPE ON, ON EVERYTHING ACROSS THE BOARD IN LINE FOR, UH, FEBRUARY, 2025 COURSE.
AND UH, MR. BRE, I REALLY APPRECIATE YOUR, UH, TENDER NOTES,
AND THIS IS A PROJECT THAT, UH, CERTAINLY HAS THE EYE OF PUBLIC ON IT AND NEIGHBORS.
AND SO I DO APPRECIATE BEING VERY OPEN TO COME BACK AND GIVE US THESE MONTHLY REPORTS.
UH, I THINK I CAN SAY THAT, UM, WE WON.
IT'S FOR, UNLESS WE RECEIVE A CALL FROM
SO, UM, I, I THINK, UH, I, ONCE AGAIN, I APPRECIATE YOU COMING HERE AND, UH, WE LOOK FORWARD TO A, A GRANT BREAK.
DO YOU WANT TO ADDRESS SECURITY TODAY? UM, BECAUSE WE ARE, UH, WE WOULD WANT SOME HIRE SECURITY COMPANY.
WE NEED TO GO AT THAT, AT THAT TIME.
UM, WELL RIGHT NOW WE'RE JUST HAVING DISCUSSIONS, SO YEAH, HE ADVISE ON WHAT YOUR DISCUSSION RUNS.
YEAH, IF
WHAT'S, UM, SINCE WE'RE DISCUSSING WHAT'S THE CONCERN? THE CONCERN IS, UM, THERE'S 24 HOUR RUN ACROSS SECURITY THERE.
ONCE THERE'S NO BUILDING OR ANYTHING ALONG THESE LINES, UH, YOU KNOW, DEBRIS, ANYTHING MORE
I THINK REALLY THE QUESTION IS, UM, YOU GUYS IS BOARD WANT CONTINUE THE 24 HOUR SECURITY BUILDING WE ARE AT THIS POINT, OR TO, UH, DIAL IT BACK AND JUST FIGURE OUT A CHECK IN, WANT JUST HAVE VIDEO OVERSEE IT AND THIS MAY BE A CONVERSATION FOR DAY.
SO YEAH, IT'S NOT A, NOW I'D SAY, UH, WELL FOR THAT MATTER I GUESS WE, WE'LL HAVE IT ON THE AGENDA AGAIN
AND I PERSONALLY THINK I CAN MAKE A DECISION ABOUT SECURITY OR SOMETHING GIVEN WHY THIS PROJECT HAS BEEN IN ABOUT DOING A SITE VISIT MYSELF AND SEEING, UH, WHAT'S EXACTLY WE'RE TALKING ABOUT.
AND SO FAR AS A, AS A BUILDING COMPARED TO THE DIRT, YOU KNOW, THAT'S ONE THING OR THERE'S, UH, ROCKS AND DEBRIS BUILDING PARTS TO LEFT ON IT.
PEOPLE COULD JUMP OVER THE FENCE CAN TURN ON, YOU KNOW, THAT'S ANOTHER ISSUE.
SO, AND SO FAR AS THAT, I THINK IT IS, THAT'S PART OF THE CONVERSATION.
BUT WE HAD AND RIGHT, AND UNTIL THEN THOUGH, AS IT STANDS NOW FOR THE RECORD BUILDING REMAINS, THE SIDE REMAINS FAST AND IT REMAINS FROM 24 7 SUPERIOR.
THIS ONE WAS VERIFIED A QUESTION FROM THE SIZE ON THE FENCE THAT NO REPA? I BELIEVE SO.
BUT THIS IS A PRIVATE CROWDED PROPERTY.
UM, AND NO
BESIDES FROM PROTECT, IF YOU WILL, COMES LIABILITY FROM
SO IT'S KINDA LIKE WE WEAR A DOG, WE STILL YEAH, EXACTLY.
[01:05:01]
THE LIABILITY THING.UM, WELL FOR PUBLIC SAFETY PURPOSES, MY SUGGESTION SINCE WE CAN'T GO ON TODAY ANYWAY, UH, IS TO CONTINUE STATUS QUO WITH DEFENSE 24 7, SECURITY IS BROUGHT TO OUR ATTENTION FOR THE NEXT MEETING, THIS DOCUMENT AND IN THE PROFESSIONALS AND THAT BILL THAT WE CAN DO WITHOUT AND DO WITHOUT AT THAT TIME.
MR. GROUND SAYS, AND MOVING ON, THOMAS PRESENTATION.
PRESENTATION REGARDING TEXAS READING ACT.
ALRIGHT, SO LISA, SIX DAY, SO WE PASSED CAN, AND YOU GOING TO SEND, WHERE DO YOU WANT SOME TIME FROM? UM, I'M GONNA BRING THIS JUST FOR THE RECORD.
WITH THE CITY ATTORNEY'S OFFICE.
AS I SAID MY NAME AGAIN
UM, LISA WAS ORIGINALLY GONNA PRESENT THIS PRESENTATION ON THE TEXAS O PDS ACT OF CONDUCT.
UM, BUT I'M TODAY, SO JUST A BROAD OVERVIEW OF WHAT WE'RE GONNA GO OVER.
UM, JUST TALK A LITTLE BIT ABOUT THE PFC MISSION AND PURPOSE.
WE'LL PROBABLY GO BACK, BUT WE'LL GO BACK RATHER QUICKLY JUST BECAUSE I'M SURE YOU ALL ARE FAMILIAR WITH IT.
UM, A LITTLE BIT ON THE ROLE OF THE BOARD CHAIR AND GET INTO TEXT.
SO THESE ACT
SO STARTING WITH PFC, MISSION AND PURPOSE, UM, PFC IS ORGANIZED TO CARRY OUT THE, UH, FACILITIES ACT, WHICH IS LIKE ABOVE CHANNEL THREE OF THREE.
UM, AND THAT MAP STATES THE, UM, PURPOSE OF IT, OF THE APP OF ITSELF, UM, AND I'M PARAPHRASING HERE, BUT TO AUTHORIZE THE CREATION IN USE OF PUBLIC FACILITY CORPORATIONS FOR THE BROADEST POSSIBLE POWER TO FINANCE FOR OTHERWISE PROVIDE FOR PUBLIC FACILITIES THAT AN ORDERLY, ORDERLY PLANNED MANNER AND ACTIVE LOWEST
UM, AND SO IT ALSO HAS DEFINITIONS FOR FACILITIES AS LISTED ON THERE AND, UM, PFC UNDER THE ACT AND UNDER ITS BYLAW AND
SO MOVING ON TO THE ROLE OF THE BOARD AND CHAIR, UM, CHAIR SETS THE AGENDA AND CONSULTATION AND STAFF AND WHICH SHOWS TO THE ATTORNEY'S OFFICE, MAKE SURE THAT IT FOLLOWS TOMA AND
SO THE CITY VOTE, UH, THE OPEN MEETINGS ACT, AS WELL AS PUBLIC FACILITIES OPERATIONS ACT AND ANY OTHER LAWS.
SO GO OVER A LITTLE BIT ABOUT WHAT AN EFFECTIVE CHAIR IS.
UM, SO EFFECTIVE CHAIR WILL START ON TIME ONCE WE FORM PRESENT AT MEETING, UM, ORGANIZED AND PREPARED THAT THERE IS A WELL PREPARED AGENDA IN PLACE AND THAT THE CHAIR IS FAMILIAR WITH ALL THE RULES AND PROCEDURES THAT ARE GONNA GOVERN THE MEETING.
UM, AND ALSO, UM, CAN PROVIDE GUIDANCE ON THOSE RULES AND PROCEDURES AROUND MOTIONS OR A REFERENCE RULE MEETING, SOMETHING LIKE THAT TO THE BOARD AND TO STAFF AS WELL.
[01:10:01]
OF THE FLOOR THAT'S LIFECHANGING THE CHAIR AS ANY POINT A TRAFFIC COP, UH, MAKING SURE THAT ONE PERSON'S BEING AT A TIME MAINTAINING ORDER, UM, SORT OF LIKE BEING DOWN THE STREET TO MAKING SURE WHOEVER HAS THE RIGHT OF WAY IS GOING AND OTHER THAN THAT ARE NOT.UM, AND THEN JUST OTHER, OTHER CONSIDERATIONS BEING PRECISE AND FREE CONSENSUS BUILDER, MEANING HOW 400 ALL UNDERSTAND WHAT'S ON THE FLOOR, WHAT'S BEING VOTED ON, WHAT'S BEING DISCUSSED, UM, SO THAT WE CAN BUILD CONSENSUS AND COME TO MAKE A DECISION.
AND THEN OF COURSE, COMPLY WITH TOOMA AND THE FACILITY ATION.
SO NOW GOING OVER TO TOMA, WHICH IS THE MAIN, UM, TOPIC OF THIS PRESENTATION.
SO THIS, UH, CITATION RIGHT HERE CASE KIND OF GOES OVER IN GENERAL WHEN THE ROLE OF THE TEXAS OPEN MEETINGS THAT IS.
SO IT IS SAFEGUARD WITH PUBLIC'S INTEREST IN KNOWING WORKINGS OF ITS GOVERNMENTAL BODIES.
UM, AND IN, IN THAT CONTEXT WOULD INCLUDE ALSO ITS GOVERNMENTAL CORPORATION, BOARD AND COMMISSIONS, ALL OF THAT.
UM, ESSENTIALLY THE GOAL OF FOLLOWING TOA IS TO ENSURE TRANSPARENCY.
SO, UM, WE WANNA AVOID ANY BOARDS OR, UM, GOVERNMENT CORPORATIONS ENACTING THE BUSINESS IN SECRET.
WE WANT THE PUBLIC TO HAVE A CHANCE TO, UM, ATTEND TO SEE WHAT'S GOING ON, TO COMMENT AND TO BE A PART OF THE PROCESS SINCE IT IS A PUBLIC INSTRUMENTALITY OF, UM, A LITTLE BIT MORE ABOUT, UH,
AND SO WHAT ENTITIES ARE SUBJECT TO TOMA? WELL, OF COURSE THE GOVERNMENT BODIES FOR GOVERNMENT BODIES.
SO WE HAVE CITY COUNCIL, THAT'S THE BIG ONE.
UM, THAT ALSO QUALITY TO THAT IS OUR CITY BOARDS OF ADMISSIONS.
UM, AND THEN ALSO OUR LOCAL GOVERNMENT CORPORATIONS FOR THE P-F-C-H-F-C,
UM, SO THE PFC ARTICLES OF CORPORATION ACTUALLY SPECIFICALLY SUBJECTED TO TOMA, I BELIEVE THAT ARTICLE SIX, UM, STATING THAT EVERY MEETING OF THE BOARD OF DIRECTORS OF THE CORPORATION SHALL BE POSTED IN THE STATE AS REQUIRED FOR
UM, UNDER AND IN, IN ADDITION TO THE ARTICLE OF INCORPORATION, PFC, UH, PE BYLAWS ALSO REQUIRE
SO I BELIEVE THAT'S BYLAWS SECTION TWO EIGHT, WHICH GOES OVER, UM, THAT EACH MEETING MUST HAVE THE REQUISITE PUBLIC NOTICE OF THE MEETING UNDER THE TEXT LEVEL ACT.
UM, AND THEN ALL MEETINGS MUST OPEN GO BY THE, UM, PURSUANT TO, SO MEETING DEFINED, UM, BASICALLY JUST GOES OVER.
SO WHAT IS MEETING? UM, IT'S WHEN DELIBERATION OCCURS, DELIBERATION OCCURS WHEN A FORM OF THE BOARD MEMBERS PRESENT ARE TALKING OR DEBATING OVER, UH, IS THE OFFICIAL BUSINESS.
SO CONSIDERING ANY FORMAL ACTION DEBATING ON ANY MATTERS THAT MIGHT BE, UM, ACTED UPON OR ADDRESSED BY THE PFC, UM, TAKING ANY FORMAL ACTION ON BUSINESS, UM, OR GIVING OR RECEIVING INFORMATION, ALL OF THAT FALLS UNDER.
IF, IF A FORUM DIRECTOR IS DOING THAT, THEN IT IS CONSIDERED A MEETING IN CUSTODY OPEN TO THE PUBLIC AND SUBJECT.
AND JUST FOR CLARIFICATION, WE HAVE 11 BOARD MEMBERS.
UM,
UH, SO TYPICALLY IF THERE IS NO OTHER LIKE LAW OR
HOWEVER, THE PFC BYLAWS SPECIFICALLY, I SENT 2.9, STATE THAT A QUORUM IS A ESSENTIAL MAJORITY OF THE MEMBERS TO BE APPOINTED PURSUANT TO THE BYLAWS REGARDLESS OF HOW MANY ARE ACTION.
SO THAT SINCE UNDER THE BYLAWS OF EVERYBODY BE 13 UNTIL WARRANTING.
UM, SO WHAT IS OUR QUORUM MAP? SIX.
BUT IT'S THE NUMBER OF APPOINTED MEMBERS
SO TO THE BYLAWS, REGARDLESS, IT'S LESS, I PROBABLY ASK FOR A CLARIFICATION ON THAT BECAUSE, UH, LIKE OTHER
[01:15:01]
BOARDS, YOU KNOW, WE'VE BEEN OPERATING UNDER HOW MANY, LIKE FOR EXAMPLE,RIGHT? SO THAT WOULD BE BASICALLY IT SHOW UP, RIGHT? SO THE HFC HAS THE SAME RULE IN THEIR BIOLAWS.
I CAN
SO WHAT I HAVE HERE SUPPORT ME DISCIPLINARY VIS FOR THE RECIPIENT, MAJORITY OF THE NUMBER OF MEMBERS JULIE APPOINTED TO THE BOARD PURSUANT TO THE BYLAWS, REGARDLESS OF THE TOTAL NUMBER OF MEMBERS YOU FROM TO THE BOARD, IT LESS THAN 15 COUNCIL
THERE'S NO WAY WE 15, REGARDLESS OF THE TOTAL LESS THAN 15.
I WOULD, I MEAN, LOOK INTO CLARIFICATION, THAT STATEMENT, THAT'S GONNA BE SOMETHING, WELL ACTUALLY WE WOULD CHANGE THIS PROBLEM.
NO, I THINK WE DO CHANGE THE PROBLEM.
THE PROBLEM IS, IS THAT THE, THE WORDS DULY APPOINTED ARE, ARE USED TWICE.
WE'RE WE'RE QUITTING THIS THOUGH.
I'M SORRY, NOT TO INTERRUPT, BUT COMPANY, YEAH, I MEAN THERE, THAT IS SOMETHING THAT WE NOTICED AS WELL.
THE WAY THAT I'VE BEEN INTERPRETING IT IS FOR THE HOC, 'CAUSE THEY HAVE A VERY SIMPLE WORD, UM, IS THAT, IS AN ENDED TO BE REGARDLESS OF THE NUMBER THAT ARE ACTUALLY, BUT THAT IS, THAT PROBABLY LOOKED INTO DURING, SO YOU EXACTLY VERBALLY EXCHANGE
UM, SO YEAH, A LITTLE BIT MORE ON FINE.
UM, IT CAN BE A VERBAL EXCHANGE, BUT IT CAN ALSO IN ELECTRONIC EXCHANGES.
SO TEXT MESSAGES WILL EMAIL A LITTLE BIT ABOUT ON THE AGENDA SETTING AGENDA.
UM, SO THE CHAIR ASSISTS WITH SETTING THE AGENDA AND UM, LIKE, LIKE I SAID EARLIER, THAT'S JUNCTION THE STAFF, CAO
SO A LOT OF THAT ALONG FROM COMPLIANCE ON THE AGENDA GOES DOWN TO WORDING.
UM, AND OUR KIND OF GENERAL RULE OF THUMB IS LIKE THE AVERAGE JOE FROM OFFICE STREET KNOWS NOTHING ABOUT PFC OR NOTHING ABOUT ANY OF THIS.
I KIND UNDERSTAND WHAT INVITED.
SO, UM, THAT INCLUDES SORT OF, IF THERE'S A, IF THERE'S AN ABBREVIATION LEFT, YOU PUT IT ON THE AGENDA AS TEXT SPOKEN.
WE CALL IT THE DALLAS PUBLIC FACILITIES CORPORATION FIRST TIME AND THE
SO, LIKE I SAID, WITH TMA IS GENERALLY
AND, UM, THE AGENDA, WE FOCUS A LOT ON OTIS AND WHETHER SOMEONE, YOU KNOW, WITH THE KNOWLEDGE OF GIVES ME CAN READ IT AND UNDERSTANDING WHAT'S GOING BE ASSESSED.
UH, POSTING DEADLINE IS 72 HOURS PRIOR TO THE MEETING AT LEAST.
UH, AND THAT IS THE HARD AND FAST DEADLINE.
UH, IT, IT DOES COME DOWN TO THE LAST MINUTES TIME.
SO THAT IS SOMETHING TO BE AWARE OF.
UH, GENERALLY THE FIRST QUARTER OF BUSINESS IS ADOPTING MINUTES FROM PREVIOUS MEETING, AND THOSE, UM, ARE BEING LISTED ON THE AGENDA, THE FIFTH STAGE OF THE PREVIOUS MEETING AS WELL.
AND THEN AFTER, UH, ADOPT MINUTES, BUT TIME FOR PUBLIC SPEAKERS.
AND THEN FINALLY, ORDER OF BUSINESS LEAVE THE MATTERS ON EACH OF THE, FOLLOWED BY THE STAFF BOARD PENDING REPORTS.
[01:20:02]
UH, AND A LITTLE BIT ABOUT FC BOARD, ANY COMMENTS? UH, BUS PROVIDED FOR PUBLIC COMMENT DURING MEETINGS, UM, BUT IT CAN ESTABLISH RULES THAT ARE REASONABLE.SO FOR EXAMPLE, IF WE WANNA PUT LIKE THREE MINUTE TIME MOVEMENT ON ANY PUBLIC SPEAKERS, UM, I KNOW CITY COUNCIL DOES
UM, IT JUST PROBABLY WOULDN'T BE ADVISABLE TO SAY SPEAKER HAVE 10 SECONDS EACH OR SOMETHING LIKE THAT.
UM, AND THEN YOU CAN'T DISCRIMINATE AGAINST THE SPEAKERS BASED ON DECISION THEY HAVE OR IF, UM, YOU KNOW, THEY ARE SPEAK LY ABOUT IF FC CAN'T PROHIBIT THEM DOING.
SO, THERE MUST BE, YOU KNOW, ALL, ALL COMMENTS SHOULD BE EQUAL UNLESS SOMEONE IS KNOW SERIOUSLY VIOLENT PERFORM OR SOMETHING LIKE THAT.
WE JUST WENT OVER COURT A LITTLE BIT.
UM, LIKE I SAID, THERE IS A LITTLE BIT OF A WEIRD WORDING ON BYLAWS ON THAT.
UM, TYPICALLY IT IS A, UH, IT IS A SINGLE MAJORITY OF THE GOVERNMENT BODY, THE BODY THAT'S DELIVERING, UNLESS THERE IS ANOTHER MORE PLACE THAT SPECIFIES IT.
A LOT OF OUR LBPS UM, LOCAL GOVERNMENT CORPORATIONS WILL HAVE A, A STATEMENT IN THEIR BYLAWS THAT SAYS, WHEN A FORUM IS ESTABLISHED, UM, LIKE I SAID, THAT MIGHT
THERE ARE, THIS IS KIND OF AN ISSUE THAT WE, UM, TALK A LOT ABOUT.
SO A FORUM DOES NOT EVEN BE ESTABLISHED IN REAL TIME.
IT CAN ALSO OCCUR, UM, KIND OF OVER THE COURSE OF SEVERAL CONVERSATIONS THAT END UP CONSTITUTING A FORUM WHERE, UM, ANOTHER MAJOR EXAMPLE IS WHY WE ALWAYS, UM, SAY THAT WHEN EMAILS GO OUT TO THE BOARD, IT HAS TO BE SENT LIKE B, C, C, BLIND COPIES SO THAT THERE CAN'T BE A REPLY ALL, UM, BECAUSE THAT CAN CONSTITUTE A
UM, OTHER EXAMPLES ARE, LIKE FOR EXAMPLE, IF YOU'VE GOT, YOU KNOW, LESS THAN FOUR, LET'S SAY YOU'VE GOT THREE BOARD MEMBERS TALKED ABOUT AN ISSUE LATER, YOU KNOW, ONE OF THOSE THREE GOES AND TALK ANOTHER THREE MEMBERS ABOUT THAT ISSUE, EVENTUALLY YOU SORT OF LIKE BUILD UP ENOUGH.
PEOPLE HAVE TALKED ABOUT THIS IN SECRETS WHERE THAT ACTUALLY IS QUO AND WE CAN'T HAVE THAT.
SO THINGS TO BE WARY OF OUR REPLY ALL EMAILS.
UM, AND ALSO LIKE TEXT MESSAGES.
IF YOU'RE CONDUCTING BUSINESS IN A GROUP TEXT MESSAGE, THAT WOULD CONSTITUTE A LOT OF FORUM AND VIOLATE TOMA.
UM, AND THEN OF COURSE DELIBERATING THROUGH A SERIES OF POST MEETINGS, LESS THAN FORUM, THAT'S NOT IDEAL.
UM, WE HAVE TO STEP IN ON, ON SOME BOARDS OF COMMISSIONS FOR THE CHAIR.
SAY, WELL, I'VE TALKED WITH SMALLER GROUPS, UH, OF THIS BODY ABOUT THIS ISSUE, BUT AT DIFFERENT TIMES SO AS NOT TO HAVE A QUORUM, IT'S A QUORUM.
UM, AND THEN JUST THIS ADDITIONAL TOPICS, WHILE THESE ARE NOT, UM, EXPRESSLY REQUIRED GIFTS AND DOCUMENTS, THESE ARE KIND OF PRACTICE.
SO THE BOARD MEETING LOCATION SHOULD BE
UM, AND JUST BASICALLY PROVIDING FOR SPACE AND ADEQUATE DONATIONS FOR PEOPLE OF THE PUBLIC TO ATTEND OR TO WATCH IT.
UM, VIRTUALLY, UH, THIS AS COUNCIL, BUT THEY ALSO ADVISE HERE PFC.
SO AJOUR ADJOURNING AND STARTING THE MEETING AGAIN, THERE'S SOMETHING YOU TALK DIFFICULTY RECESS, UM, RATHER THAN A JOURNEY STARTING, UH, THE VOTES MUST BE PUBLIC, THERE CAN BE SECRET BALLOTS.
AND THEN WE GET THIS QUESTION A LOT.
WHAT IF WE FORGET TO CLOSE TO AN ITEM? WELL, IT CAN'T BE DISCUSSED IN THE MEETING EXCEPT FOR DISCUSSING PUTTING UP ON THE NEXT AGENDA.
SO, YOU KNOW, WE FORGOT TO TALK ABOUT THIS ONE DEVELOPMENT WHILE WE CAN MENTION THAT YOU WANNA PUT IT ON THE NEXT AGENDA, WHAT YOU WANT SAY ABOUT, AND THEN YEAH, THEN ITS ON RESPONDING TO QUESTIONS DURING RIGHT PERIOD.
THERE ARE PUBLIC SPEAKERS, UM, SAY THANK YOU FOR COMMENT RATHER LIKE DISCUSS.
UM, AND THE MINUTES ALWAYS HAVE TO BE KEPT AND SURE THAT YOU ALL KNOW HOW TO TAKE MINUTES.
BUT THEY BASICALLY JUST, YOU KNOW, STATE THE SUBJECT DELIBERATION WHICH WAY ON EACH THING.
AND THEN, UM, GIVES TO BROADCAST THE MEETING.
UM, AND THEN THE PUBLIC MAY MAKE REPORTINGS, BUT YOU KNOW, GIVES THE BOARD ESTABLISHED RULES ABOUT BANNER LOCATION OF THAT.
SO THIS IS LIKE AN SPOTTER AGENDA
[01:25:03]
TOGETHER WITH Y'ALL.SO, UM, ON THE LEFT WE HAVE AN AGENDA THAT DOES NOT FOLLOW TOMA ON THE RIGHT WE HAVE AN AGENDA THAT IT HAS BEEN CORRECTED.
IT'S KIND OF HARD TO SEE, SO I'LL EXPLAIN WHAT'S ON THERE.
UM, AT THE TOP ON THE INCORRECT AGENDA, IT JUST SAYS JANUARY 5TH.
IDEALLY WE YEAR ON THERE AS WELL.
SO THEY DON'T HAVE THAT EDIT MATCHING HERE.
UM, CAN'T JUST SAY CITY HALL IS A LOCATION.
YOU HAVE TO SAY WHO THE ADDRESS OF WHERE CITY HALL IS OR THE ADDRESS OF THE LIBRARY IN TODAY'S CASE.
UM, AND THEN ALSO SPECIFY THE GROUP.
SO YOU CAN'T JUST SAY IT ROOM, TD IT HAS TO BE, UH, SPECIFIC ROOM TO LET I KNOW WHERE TO GO.
UH, ALSO ON THE INCORRECT AGENDA AT THE TOP YOU CAN SEE THAT IT SAYS VIDEO CONFERENCE WILL BE ACCESSIBLE VIA PAID SUBSCRIPTION.
THAT IS NOT ALLOWED IN THE PUBLIC NEEDS TO BE ABLE TO ACCESS IT.
SO ON THE CORRECT AGENDA, IT'S A, THAT STATES THE WEBEX FOR EVERYONE TO ACCESS ME.
UM, A LITTLE BIT ON THE CONTENT OF THE AGENDA.
THE ONE ON THE LEFT, UH, HAS A CALL TO ORDER AND A PRAYER.
THE ONE ON THE RIGHT JUST SAYS, CALL TO ORDER, WHICH GENERALLY DON'T WANT TO PUT PRAYER ON THE AGENDA.
CITY COUNCIL CALLS THERE AS AN INVITATION.
UM, PUBLIC SPEAKERS, AS YOU CAN SEE, THE INCORRECT AGENDA GIVES THE MAKE 32ND, WHICH IS UNREASONABLE.
AND THEN ALSO IT IS A LONGER LIMIT.
ONE MINUTE FOR SPEAKERS SPEAK FAVORABLY OF.
GIVE DIFFERENT CONSIDERATIONS FOR SPEAKERS.
SO WE HAVE DIFFERENT MINUTES MODE OF, UM, AND THEN JUST, YEAH, GOING THROUGH GENERAL WORDINGS OF THE AGENDA ITEMS, UM, APPROVAL OF MINUTES HAVE TAKEN IS, YOU KNOW, THEY SHOULD HAVE BEEN TAKEN.
SO IT WOULD BE A WE OF THE EIGHT MINUTES, UM, THAT THERE'S A CONTRACT ON THERE.
BE SURE TO WORD IT LIKE KNOW, APPROVAL OF THE CONTRACT AND CONTRACT ARE S THINGS LIKE THAT.
AND THEN LASTLY, THE EXECUTIVE SESSION.
UH, IT'S NOT SUFFICIENT JUST TO SAY THAT EXECUTIVE SESSIONS CAN HAPPEN.
IT HAS TO STAY THE, UH, EXCEPTION UNDER TOOMA.
WHICH SESSION WILL BE, UM, HELD UNDER AND BRIEFLY DESCRIBE KNOW, FOR EXAMPLE, OR CONSULTING WITH AS ATTORNEY ON
THESE ARE THE EXCEPTIONS THEY HAVE.
SO ATTORNEY CONSULTATION, ECONOMIC DEVELOPMENT CONSIDERATIONS, PURCHASE NEEDS OF REAL ESTATE SECURITY MEASURE AND HOMELAND SECURITY MATTERS.
RECEIPT OF GIFTS AND PERSONNEL MATTERS.
SO IF SOMETHING OF THOSE SESSIONS DELIBERATE AN ACTION BEING TAKEN, UM, THAT CAN BE DONE IN WHAT SESSIONS, THAT PROPERLY FALLS UNDER ONE OF THOSE TOOMA EXCEPTIONS.
HOWEVER, IF THERE'S A FINAL ACTION OR DECISION OR VOTE THAT NEEDS TO BE MADE AT THE END, THAT WOULD LEAD TO BE AN OPEN SESSION ONCE, SAY ONCE THE BOARDS BACK.
SO LET'S SAY YOU GO INTO CLOSED SESSION TO DELIVERY THE VALUE OR YOU KNOW, THE PURCHASE AND SUB REAL ESTATE.
YOU'RE TALKING ABOUT THINGS THAT ARE LIKE THE VALUE OF THE LAND, STUFF LIKE THAT, THAT'S CONFIDENTIAL.
AND THEN DECIDE, OH, OKAY, OUR EXCISION IS GONNA APPROVED BEHIND THIS LAND.
AND YOU MUST COME BACK IN A SESSION AND SAY, OKAY, THE COURT POST TO BE OF THIS LAND OR WHATEVER THE ITEM MIGHT BE, PROCEDURES FOR CLOSED SESSIONS.
SO THOSE REQUIREMENTS STILL APPLY, WHICH MEANS THAT IF THERE'S GONNA BE A CLOSED SESSION, IT'S GOTTA BE PUT ON THE AGENDA.
IDEALLY, WE HAVE THAT IN THE ITEM ITSELF.
SO IF, YOU KNOW, GOING INTO A, YOU KNOW, WE'RE PREPARING FOR A BOARD MEETING THAT ONE OF THE ITEMS IS GONNA MEET THOSE SESSIONS TO TALK ABOUT THE REAL ESTATE OR CONSULT THE ATTORNEY OR ANY ONE OF THOSE EXCEPTIONS.
UM, PUT THAT ON THE AGENDA AND STATE WHAT, WHAT SECTION OF TOTAL ROOM EXCEPTION UNDER AND BRIEFLY DESCRIBE LIKE THE CONTENT OF WHAT SESSION WILL BE, YOU KNOW, CONSULTING WITH OUR ATTORNEY ON THE
UM, THERE IS KIND OF LIKE A LITTLE CATCHALL PAGE TOWARDS, I THINK ON THE BACK OF THE AGENDA WHERE IT SAYS, YOU KNOW, THE BOARD MAY GO INTO EXECUTIVE SESSION UNDER ANY OF THESE EXCEPTIONS ON THE MATTERS, THE AGENDA.
SO SOMETIMES IF YOU'RE NOT EXPECTING TO GO INTO PUBLIC, OR SORRY, CLOSED SESSION, YOU MIGHT NOT PUT THAT AS A SPECIFIC AGENDA ITEM.
THAT CATCHALL PAGE KIND OF ALLOWS THE BOARD TO, IF IT COMES UP THAT THERE NEEDS TO BE A CLOSED SESSION AT THE MEETING ON ONE OF THE AGENDA ITEMS THAT COVERS IT.
HOWEVER, UM, IT HAS TO BE AN ITEM THAT IS THIS, BUT YOU KNOW, YOU CAN'T JUST BE LIKE, WELL, THAT SAYS WE CAN GO INTO POST SESSIONS, SO WE'RE GONNA DO THAT FOR SOME RANDOM THING THAT'S NOT ON THE AGENDA.
UM, AND THEN THAT, UM, DISCUSSION UNDER THE POST SESSION HAS TO BE LIMITED TO WHAT TO IS.
SO AGAIN, THESE EXCEPTIONS ARE VERY NARROW, VERY, VERY LIMITED.
SO, UM, YOU KNOW, IF YOU'RE THERE TO
[01:30:01]
DISCUSS, FOR EXAMPLE, A PERSONNEL MATTER ESPECIALLY ONLY ABOUT PERSONNEL MATTER CAN GO OUTSIDE OF THAT LIMITATION, UM, WHO WE ATTEND, THE ONLY BOARD MEMBERS HAVE A RIGHT TO ATTEND UNLESS THE EXCEPT IS A ATTORNEY CONSULTATION.UM, IN THAT CASE, THE ATTORNEY WOULD BE ATTENDING CLOSED SESSION AS WELL.
UM, OTHER MEMBERS MAY ATTEND IF NEEDED, IF THEY'RE ESSENTIAL TO FACILITATING THE ATTORNEY CLIENT COMMUNICATIONS.
SO BASICALLY OUR GENERAL LIKE STANCE ON THIS IS THAT, UM, WE WANNA KEEP THE, THOSE SESSIONS AS LIMITED AS POSSIBLE.
LIKE WE CAN'T JUST HAVE EVERYBODY IN HERE WHO MIGHT BE LIKE TANGENTIALLY RELATED TO A DECISION THAT'S BEING MADE.
UM, SO IDEALLY JUST THE BOARD MEMBERS CAN ANYONE WHO IS ESSENTIAL TO WHAT'S BEING DISCUSSED.
UM, AND LIKE FOR EXAMPLE, IF, IF WE HAD DISCUSS PERSONNEL MATTER OR SOMETHING THAT LIKE, YOU KNOW, OUR OFFICE WOULD GO THAT THAT'S NOT A
EVERYBODY, YOU KNOW, BOOK ATTEND.
VIRTUALLY THE ONLY CLOSE OF THE CHAIR HAS TO BE PHYSICALLY PRESENT AT THE LOCATION.
UM, BUT OTHER BOARD MEMBERS CAN PARTICIPATE REMOTELY.
THE ONLY THE MAIN THING ABOUT VIDEO CONFERENCE THAT END UP IN FORMAL RULES IS, UM, MAKING SURE THAT ANYONE SPEAKING IS, UM, HAS THEIR VIDEO ON AND I UP OR, YOU KNOW, AUDIBLE TO WHAT MEETING.
AND THEN FOR THE BOARD OF DIRECTORS, UM, THE DIRECTOR IS CONSIDERED PRESIDENT.
LIKE IF, IF THE DIRECTOR IS ATTENDING REMOTELY, THEY'RE ONLY CONSIDERED PRESENT WHEN THEIR AUDIO AND VIDEO ARE ON.
SO WE CONSTANTLY HAVE TO TELL THEM, TURN YOUR CAMERA ON, WHERE YOU WON'T BE COMING ABSENT, WON'T COMING AS PART OF THE EMERGENCY MEETINGS.
UM, JUST DON'T REALLY COME UP A LOT.
IT'S JUST ESSENTIALLY IF AN EMERGENCY HAPPENS AND YOU CAN'T FOLLOW THE TACOMA 72 HOUR AGENDA, POSTED DEADLINE.
UM, AND THE EMERGENCIES ARE PRETTY, LIKE, IT HAS TO BE SOMETHING PRETTY SUBSTANTIAL LIKE FIRE, NATURAL DISASTER, UH, PANDEMIC, BREAKOUT RIOT, SOMETHING LIKE THAT.
UM, AN EMERGENCY IS NOT
WE STILL WANNA HAVE A MEETING AT THE SAME TIME THAT ISN'T AN EMERGENCY FOR PURPOSE LYMPHOMA.
UM, SO IN AN EMERGENCY SITUATION LIKE THAT, TOMA STILL APPLIES EVERYTHING, YOU KNOW, MEETING HAS TO BE OPEN AND ALL THAT, BUT THE NOTICE PERIODS SHORTEN INTO ONE HOUR, UM, AS CLEARLY IDENTIFIED THE EMERGENCY.
AND THEN ALSO THE MEETING TO BE BY TELECONFERENCE THAT THE MEETING FORUM IS TOO DIFFICULT.
BUT, UM, PUBLIC, THERE'S SUPPOSED TO BE LIKE A LOCATION FOR THE PUBLIC TO BE ABLE TO ATTEND.
UM, OF COURSE A FORUM OF DIRECTORS CAN LIKE HANG OUT AND TALK FROM EACH OTHER.
THEY'RE NOT PREVENTED FROM HANGING OUT IN NUMBERS
SO IF THERE'S A SOCIAL FUNCTION, UM, YOU KNOW, A CONVENTION THAT EVERYBODY'S GOING TO OR LET'S SAY A WEDDING OR YOU KNOW, AN EVENT THAT BOARD IS GOING TO, THAT'S NOT RELATED TO THE CONDUCT OF PUBLIC BUSINESS, THAT'S FINE.
THAT DOESN'T NEED TO BE VIS UNDER.
THE ONLY THING TO WATCH OUT FOR IS THAT IF, FOR EXAMPLE, AT A SOCIAL FUNCTION THERE IS TALK OF P BUSINESS, UM, THEN THAT CAN GET, THAT COULD BE A VIOLATION OF TOMA, UM, CREATE WALKING FORUM ISSUES.
UM, FOR EXAMPLE, EVERY YEAR WE SEND OUT FROM OUR OFFICE A LITTLE EMAIL REMINDER BEFORE THE HOLIDAYS, MOST OF OUR BOARD MISSIONS HAVE A HOLIDAY PARTY AND THAT'S FINE, BUT WE DO SEND OUT A REMINDER SAYING, HEY, I THE HOLIDAY PARTY, BE SURE YOU'RE NOT TALKING ABOUT OFFICIAL PC BUSINESS BECAUSE THAT WOULD BE A VIOLATION OF TOMA.
UM, TOMA ENFORCEMENT'S BASICALLY IS, UM, THERE'S, THERE'S A MEETING THAT VIOLATES TOMA, THAT ACTION ANY HAVE TO TAKE AT THAT MEETING BE AVOIDABLE.
AND THE WAY THAT WORKS IS IT'S A CIVIL LAWSUIT, UM, FORCING, FORCING I GUESS, COMPLIANCE WITH TOMA.
AND DEPENDING ON WHAT HAPPENED AT THE MEETING THAT VIOLATED TOMA, CERTAINLY WILL MAY ABLE TO SUE FOR DAMAGES, PARENTS FEES AND CURR ACTIONS.
UM, AND OF COURSE TO AVOID ANY ACTIONS THAT TAKEN VIOLATION A LITTLE BIT ON CONDUCT ROOM, ESSENTIALLY JUST, UM, BEING RESPECTFUL WILL HAVE THE RIGHT OF THE FLOOR.
UM, SO WHEN SOMEONE'S RECOGNIZED BY A CHAIR, UM, JUST EVERYONE FINDS THEIR COMMENTS IN REGARDS TO THE QUESTION UNDER DEBATE, REFRAIN FROM RECEIVING THE MOTIVES OF ANOTHER MEMBER'S ARGUMENT OR VOTE.
[01:35:01]
SO, UM, WE'VE SEEN THIS AT SOME POINT, STATE COUNCIL SAY, OH, THIS MEMBER'S ONLY VOTING ON THIS STATE Y EQUAL, THAT'S FINE, THEN THAT'S NOT APPROPRIATE SESSION.UM, AND THEN NO MEMBER SHALL ADDRESS THE CHAIR OR DEMAND THE FLOOR WHILE THE VOTE IS BEING TAKEN.
AND JUST IN GENERAL, REFRAINING FROM LIKE PERSONAL TAX, WE DON'T HAVE TO MAKE SURE THE PROBLEM
UM, SO YEAH, SO MEMBERS, IF SOMETHING DOES HAPPEN LIKE THAT, MEMBERS CAN ASK THE CHAIR TO ENFORCE RULES.
UM, YOU KNOW, BASICALLY JUST EVERYBODY HAS TO BE COURTEOUS, REFRAIN FROM DISOBEYING THE SHERIFF'S ORDERS.
SO CHAIR SAYS, STOP TALKING THAT.
AND THEN, UM, ANOTHER ONE WE HAVE IT IS THAT THE CITY ATTORNEY'S OFFICE PROVIDES, OR, OR OUTSIDE COUNSEL PROVIDES, UM, A LEGAL OPINION REGARDING SOMETHING THAT DC HAS ASKED ABOUT.
UM, THE BOARD HAS TO COMPLY WITH WHAT THAT LEGAL OPINION IS, UNLESS THERE'S SOME SORT OF LIKE BOARD POSITION OR SOMETHING THAT WE TALKED ABOUT, A LITTLE BIT ABOUT AN EFFECTIVE CHAIR IS LIKE, UM, JUST SOME ATTRIBUTES.
EFFECTIVE NUMBER WOULD BE SO AS STATED, FOLLOWING RULES, UM, FOLLOWING THE GOVERNING DOCUMENTS, ATTENDING AS MANY MEETINGS AS POSSIBLE, BEING JUST IN GENERAL ENGAGED WITH THE ACTIVITIES OF THE BOARD, UM, TAKING ON THE VISA OF WHAT SIGN UP TO DO AND JOINING THE BOARD OF DIRECTORS, UM, ASKING ANY QUESTIONS OR RAISING CONCERNS, EXPRESSING ALL VIEWS BEFORE DECISIONS ARE MADE.
FIND AND BE PREPARED FOR MEETINGS.
UM, CITY STAFF ALSO FOLLOW THESE SAMPLES OF PROCEDURE IN THE FORUM.
SO ADDRESSING COMMENTS OF THE PSC AS A POLL, NOT TO CONSIDER MEMBERS, UM, ADDRESSING THE PFC ONLY QUESTION THE CHAIR.
UH, THE MEDIA IS NOT ALLOWED TO LEAN, MOVE PEOPLE INSIDE A PSC MEETING, SO GOTTA AVOID THAT.
THAT HAS REALLY HAPPENED BEFORE, BUT CAN'T DO THAT.
AND THEN PUBLIC, ANYONE WHO COMES TO THE PUBLIC TO ATTEND A MEETING IS ALSO SUBJECT TO THE MEETING PROCEDURE.
AND, AND THEN LASTLY, THESE ARE JUST RESOURCES.
THESE ARE BASICALLY GOVERNING STATUTES, GOVERNING DOCUMENTS, UM, REVISION OF THE CITY, BOTH APPLIED EVIDENCE.
UM, THESE ARE WHERE BASICALLY WE ALL THESE RULES AND PROCEDURES.
SO WITH THAT, I'LL TAKE ANY QUESTIONS.
DO WE HAVE ANY, UH, QUESTIONS OR COMMENTS FROM THE FLOOR ON THE VIDEO CONFERENCE? ANY HINT UP AT THIS TIME? AND THANK YOU VERY MUCH FOR COMING.
UH, APPRECIATE, APPRECIATE YOU COMING ABOUT TOM.
AND THIS, THIS S AS TRAINING, CORRECT? THE BOARD MEMBERS? I BELIEVE SO, YES.
I'LL MAKE SURE I GET THE CERTIFICATE.
ITEM NUMBER NINE, DISCUSSION AND APPROVAL OF 2024.
2025 DPFC BOARD MEETING DATES, MR. MCDANIEL.
OKAY, SO WE GOT OUR BOARD MEETING DATES HERE.
UM, WE ARE PROPOSING THAT WE MOVE THE, UH, NOVEMBER MEETING AND THE DECEMBER MEETING DATE JUST FALL REALLY, UM, TWO DAYS BEFORE THANKSGIVING, AND THEN ON WAS CHRISTMAS EVE.
SO WE WERE DISCUSSING THAT ABOVE THAT BACK.
IS THAT UNDER YOUR PACKAGE? I BELIEVE SO, YEAH.
OKAY, SO IN THE MEMO OR, UH, FRIDAY, NINE TO JUNE.
SO, AND THEN JUST ALL THE REST OF THE LARGEST, THE SAME BASICALLY, YOU KNOW, UH, FOR TOOTH AND, UH, OF EACH MONTH.
BUT OTHER THAN THAT, UM, YOU KNOW, DOESN'T MAKE SENSE TO SAY, YOU KNOW, PUSH, PUSH OUT, UH, YOU KNOW, PAST YEAR.
BUT, YOU KNOW, ACCORDING TO JACKIE, THIS IS, THIS IS SOMETHING THAT, UH, THAT WE, WE CAN, UM, ATE.
SO I WANTED TO MAKE SURE WE PUT IT ON THE AGENDA HERE, UM, FOR OUR NEXT BOARD MEETING, WHICH WOULD LIKELY UNDER OUR CURRENT BYLAWS, RIGHT? SO THE NEXT BOARD MEETING IS ACTUALLY MOVED UP TO THE 19TH.
THAT'S, THAT'S WHAT WE'RE PROPOSING.
THESE ARE, UM, 17TH OF DECEMBER.
MOST OF THOSE ARE WELL ENOUGH AWAY FROM THE, UH, HOLIDAY WAITS.
UH, SEE QUESTIONS AND COMMENTS FROM THE FLOOR.
[01:40:08]
ITEM NUMBER NINE, MOTIONS BEEN MADE BY DIRECTOR MONTGOMERY, SECONDED BY DIRECTOR STINSON, TAKE A VOICE, VOTE ON THIS.A ALL THOSE IN FAVOR ITEM BY SAYING, AYE.
MOVING ON TO ITEM NUMBER 10, DISCUSSION AND APPROVAL OF PROPOSED BYLAW CHANGES TO PRESENT AT THE HOUSING AND
MONTGOMERY CHAIR GOVERNANCE COMMITTEE,
UM, SO THE, UH, THESE BYLAWS REFLECT, UM, WHAT, WELL, FIRST AND FOREMOST, THIS IS WHAT WE RECEIVED, UM, LAST MONTH, AND THERE HAVE BEEN NO ADDITIONAL CHANGES OR ANYTHING LIKE THAT.
UM, SO JUST, UH, KIND OF A, UM, GOING BACK ON THE, THE PROCESS, SO YOU ALL HAVE A, A VIEW OF THE PROCESS KIND HOW WE GOT HERE.
UH, SO THE ORIGINAL INTENT WAS, UM, TO TAKE A LOOK AT BYLAWS, REVIEW THOSE FOR CONSISTENCY AND SOME OF THE THINGS THAT WERE SOMETHING TO DO.
UM, AND I'LL, I'LL HIGHLIGHT THOSE BECAUSE I'LL, I'LL QUICKLY GO THROUGH THE RED LINE.
THEY'RE ONLY REAL TWO, UM, LIKE REALLY TWO PRIMARY CHANGES.
UM, AND WE MET AS A GOVERNANCE COMMITTEE.
UH, THERE WAS A, UH, A GOVERNANCE COMMITTEE, UH, FIVE, UH, AND WE MET SEVERAL TIMES TO, UH, TAKE A LOOK AT BYLAWS.
UM, WE WENT BASICALLY SECTION BY SECTION.
UM, WE TALKED THROUGH WHAT THE PURPOSE IS.
UM, I HAD A VERY WISE ATTORNEY FRIEND A LONG TIME AGO THAT SAID, JUST TELL ME WHAT YOU'RE LOOKING TO DO, AND I'LL PUT LEGAL LANGUAGE WITH IT.
AND SO THAT'S WHAT WE, UH, WHAT WE DID.
AND, UM, WHILE WE'RE THERE, I'LL JUST, I'LL TAKE SUMMER.
UH, GREAT HOUSE IS HERE IN THE, THE ROOM.
UM, AND JIM PLUMBER, THEY DIDN'T HAVE TO DO THIS, UH, BUT THEY WERE, UH, WILLING PARTICIPATE IN, UH, GIVING US SOME, SOME GOOD COUNSEL.
UH, BUT SOME LEGAL COUNSELS WILL WORK THROUGH THESE, UH, THESE BYLAWS.
SO THEN WE TOOK A FINAL VOTE BEFORE OUR LAST MEETING IN, UM, SEPTEMBER TO BRING THESE TO THIS FULL BOARD, UM, WITH THE CHANGES.
AND THEN TODAY WE'LL VOTE ON THOSE CHANGES.
SO WHAT I'LL DO NOW THAT EVERYONE HAS, HAS HAD THE CHANGES, UM, SINCE LAST, UM, OUR MEETING LAST TIME IN SEPTEMBER, I'M GONNA QUICKLY GO THROUGH THE CHANGES THAT WE'RE PROPOSING, OR I SHOULD SAY THAT THE GOVERNANCE COMMITTEE APPROVED FOR FULL BOARD, UH, VOTE.
AND I'LL JUST GO THROUGH THOSE, UM, REALLY QUICKLY, HAVE THE PURPOSE OF 'EM, AND, UM, THEN WE CAN GET INTO, UH, TO SOME OTHER ITEMS. SO FIRST AND FOREMOST, I'M GONNA START AT SECTION 2.2.
THAT'S THE NUMBER AND TERM, UM, THIS BOARD ORIG THIS, UH, CORPORATE BOARD ORIGINALLY HAS, OR CURRENTLY HAS SIX YEAR TERMS, AND THAT'S INCONSISTENT WITH OTHER BOARDS AND COMMISSIONS.
UM, CERTAINLY WE ARE UNIQUE IN THAT WE ARE A CORPORATE BOARD AND AN INSTRUMENTALITY IN THE CITY, NOT A DIRECTLY, UM, A PART OF THE CITY.
BUT AT THE SAME TIME, THESE, OUR POSITIONS ARE APPOINTED BY THE COUNCIL MEMBERS FORCE.
AND, UH, WE FELT LIKE AS A GROUP THAT, UM, AND THE, THE VOTE THAT WE HAD TO BRING THESE TO YOU, THAT IT WOULD BE MORE CONSISTENT WITH THE REST, REST OF THE WAY THE CITY FUNCTIONS TO HAVE TWO YEAR TERMS AND THEN HAVE A MAX OF FIVE, UM, CONSECUTIVE TERMS OR 10 YEARS.
UM, THAT'S, THAT'S HOW, UH, EVERY OTHER BOARD COMMISSION, I'M AWARE OF, UH, FUNCTIONS THAT WE SAW TO BE WISE, TO, UH, BE CONSISTENT ON THAT FRONT.
WE'RE GONNA GO TO, SINCE WE WERE TALKING ABOUT QUORUM EARLIER, UM, I'LL GO TO, UM, TO SECTION 2.9, WHICH IS THE QUO.
UH, WITH THE CHANGES THERE WERE ACTUALLY SOLVED THE PROBLEM YOU WERE JUST TALKING ABOUT, UM, WHICH IS, IS IT THE FULL 15 OR IS IT THE DULY APPOINTED MEMBERS? UM, THE LANGUAGE OF 2.9 WOULD CLARIFY THAT, SO THAT IT'S DULY APPOINTED MEMBERS, BUT FORUM IS A MAJORITY OF THE MEMBERS.
UM, AND THEN IN SECTION, I'M AT 3.1 C.
UM, WE CLARIFIED LANGUAGE ON HOW THE ATTORNEY
[01:45:01]
IS, UH, UM, IS HIRED AND RETAINED, AND THAT WOULD, UM, THAT PROVIDES THE CITY ATTORNEY'S OFFICE AS A, UM, FOR ALL INTENTS AND PURPOSES, AN ADVISORY POSITION, AN OVERSIGHT POSITION.UM, THEN IT'S UP TO US TO, UM, TO HIRE OUR ATTORNEYS, WHICH IS, UH, HOW STAFF HAS ALWAYS BEEN.
SO WE'RE JUST, UM, THIS IS INTENDED TO ALIGN, UM, ATTORNEY REPRESENTATION WITH HOW WE MEET STAFF.
AND THEN I WILL GO TO, LET'S SEE HERE, I THINK THE FINAL ONE, WHICH WOULD BE SECTION SIX.
WHICH ONE? SO THIS IS POWERS AND, UH, PURPOSE AND POWERS THAT, UM, OBVIOUSLY THIS IS THE, THE MEAT OF EVERYTHING THAT, THAT WE'VE TALKED ABOUT.
AND INSTEAD OF GOING THROUGH THE, THE FULL, UH, PARAGRAPH, I JUST WANNA BACK UP AND TALK ABOUT THE INTENT IN SECTION 6.1.
THE FIRST SENTENCE SAYS THIS, AS IT'S WRITTEN CURRENTLY, THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF ASSISTING THE CITY IN FINANCING, REFINANCING, OR PROVIDING PUBLIC FACILITIES.
SO THAT IN AND OF ITSELF SAYS ANYTHING THAT WE DO HAS TO BE A PUBLIC FACILITY.
ONE OF THE FIRST THINGS THAT WE ALL TALKED ABOUT, WE SAID, OKAY, NOW WE'RE AT A POINT WHERE WE MIGHT, UH, UH, BE ABLE TO DEPLOY FUNDS BACK IN THE COMMUNITY AND HAVE AN IMPACT ON HOUSING ACTIVITIES.
WELL, THAT LANGUAGE RIGHT THERE TAKES OUT, UM, ANYTHING, MOST EVERYTHING THAT WE DISCUSSED, HOME REPAIR, UM, NEW ROOFS ON SOME FAMILY HOMES, UH, DOWN PAYMENT ASSISTANCE FOR SINGLE FAMILY HOMES, ANYTHING IN THAT CATEGORY THAT IS NOT A PUBLICLY OWNED, UH, PROPERTY WOULD NOT BE ELIGIBLE FOR WHAT THE, THE PFC KNEW.
SO IF WE DECIDED TO DO A, UM, LET'S SAY ROOF REPAIR PROGRAM, UH, OR LIGHT ABATEMENT, UH, AS AN EXAMPLE, WE WOULDN'T BE ABLE TO DO THAT BECAUSE IT'S NOT, WE WOULD BE CONCENTRATING ON, UH, AND ENGAGING IN AREAS THAT ARE NOT PUBLIC SERVICE.
SO THIS IS REALLY INTENDED, THERE'S A, A LOT OF DETAIL IN IT, BUT IT'S INTENDED TO GIVE US THE ABILITY TO, UM, ADDRESS HOUSING ISSUES THAT ARE NOT WITHIN PUBLIC FACILITIES.
UM, SO THAT'S THE, THAT IS 6.1 CHANGES MADE THERE, UM, IN TOTALITY.
SO THAT'S THE, UH, UH, THAT'S THE, THE FINAL, UM, CHANGE THAT, UM, IN THE BYLAWS.
UM, THERE IS ONE OTHER ITEM THAT I WILL, UM, PROPOSE, UM, ONCE WE START OUR DISCUSSION.
UM, SO MR. P, I'LL, I'LL TURN IT BACK OVER TO YOU FOR, UH, FOR A MOTION.
UH, AND I WANT, WELL, UH, JUST WANTED TO THANK MONTGOMERY AND THE GOVERNANCE COMMITTEE, UH, BELIEVE IT OR NOT, UH, THESE ARE VERY, I THINK THEY'RE VERY SIMPLE CHANGES THAT A LONG TIME PENDING.
I MEAN, REALLY JUST, IT'S FIXING THE TERMS, YOU KNOW, UH, THE CITY SECRETARY'S OFFICE DIDN'T KNOW AT THE BEGINNING, THEN WE HAD A SIX YEAR TURN NOW, AND THEY, THEY WOULD SEND US A RENEWAL FOR TWO YEARS.
UH, SO I'M GLAD TO SEE THAT THINGS LIKE THIS ARE BEING CLEARED UP PERSONALLY AS A PERSONAL BELIEF THAT IN THIS DEMOCRATIC PROCESS, IF NO MATTER WHAT THE PUBLIC SIDE CHANGE AND THE CHANGES IN MY AND CITY COUNCIL DISTRICT A DIFFERENT DIRECTION, I THINK THEIR BOARDS AND COMMISSIONS AND THEIR APPOINTEES SHOULD REFLECT THAT CLINICAL CHANGE TO WHO THEY APPOINT, NOT HAVE PEOPLE, YOU KNOW, HANGING AROUND FOR SIX YEARS, WHENEVER THE, THEIR, UH, THEIR AREA OF TOWN, THEIR CITY COUNCIL DISTRICT HAS CHANGED PHILOSOPHIES.
SO I THINK THAT'S REALLY GOOD.
UM, THE OTHER ARE, ARE JUST SOMEWHAT HOUSE CLEANING ISSUES.
AND AS Y'ALL REMEMBER, YOU KNOW, THINGS TAKE A WHILE TO GET OUT THE PROCESS.
EVEN THAT, OUR RETREAT OVER A YEAR AGO, WE WERE TALKING ABOUT MEETINGS LAST SPRING, WE'RE TALKING ABOUT DOING ITEMS LIKE YOU RE REPAIR OTHER THINGS, PERHAPS HELPING OUT, UM, TO KEEP PEOPLE IN THEIR HOMES AND TO KEEP THEIR, UM, IN THEIR AFFORDABLE HOUSING IN THE CITY SO THEY DON'T END UP HAVING TO MOVE.
SO IF THEY'RE NOT DISPLACED ANYWHERE, SO WE CAN DO OTHER THINGS.
AND, UH, FOR EXAMPLE, LIKE A DISTRICT 14 WHERE I LIVE, YOU
[01:50:01]
KNOW, WE'RE BASICALLY FILL OUT ON HIGH RISES AND A DEEP INNER CITY.IT'S VERY DIFFICULT FOR A TC TO INSOLE IN DISTRICT 14, HOWEVER, SO THAT, UH, PERHAPS THERE'S SOME OTHER BENEFITS WE CAN GIVE RESIDENTS OF THAT DISTRICT AND OTHER DISTRICTS ALL AROUND DALLAS.
AND THERE MIGHT BE SOME PEOPLE THAT MIGHT BE DISPLACED BECAUSE THEY, UH, CAN'T AFFORD, UH, REPAIR, REPAIR THEIR ROOF ON THEIR HOME.
SO THEN WE COULD DO SOMETHING LIKE THAT.
WE'VE BEEN TALKING ABOUT THIS FOR MONTHS, SO PERHAPS WE CAN REQUIRE, BUT, UM, I THINK THESE ARE ALL REALLY GOOD CHANGES AS WE, UH, SPOKE ABOUT IN THE GOVERNANCE COMMITTEE.
AND, UM, I THINK AT THIS POINT, UH, AND THAT KIM HAD A, A AS WE CONTINUE THE DISCUSSION, UH, SOMEBODY, DID YOU HAVE SOMETHING SAY, I DID JUST WANNA CLARIFY.
WITH RESPECT TO THE PUBLIC FACILITIES, YOU KNOW, EXCLUSIVELY FOR PUBLIC FACILITIES, THAT SAME LIMITING LANGUAGE EXISTS IN YOUR ARTICLES, INCORPORATION, CERTIFICATE FORMATION.
SO IN ORDER TO UNDERTAKE THAT, WE'LL ALSO NEED TO AMEND THAT DOCUMENT AS WELL AS THE BYLAWS.
BUT THE, THE CHANGE WE DID HERE WAS TO TIE THE BYLAWS TO WHATEVER IS IN THAT DOCUMENT.
SO I JUST WANTED TO POINT THAT THE FIRST STEP AND THEN THAT WOULD COME ALONG
HAVE SOME MORE DISCUSSIONS TO MOVE FORWARD,
SO FEEL FREE TO RAISE YOUR HAND.
WE WANNA MAKE SURE EVERYONE HAS HEARD IF THEY HAVEN'T BEEN HEARD THUS FAR OVER THE LAST FEW MONTHS ON THIS ISSUE.
DIRECTOR STONE, DID YOU EVER, YEAH.
SORRY, I'M NOT SURE HOW TO RAISE MY HAND ON THE WEBEX.
UM, YEAH, I WOULD JUST, I'M JUST CURIOUS.
SO YOU'RE SAYING THAT WE'RE, THIS, THIS CHANGE ALLOWS US TO, TO, TO PUT THOSE FUNDS IN OR TO USE THOSE FUNDS IN A MORE DISCRETIONARY WAY.
UM, BUT BY MAKING THAT CHANGE TODAY, IT'S NOT, WE'RE NOT ACTUALLY MAKING A DECISION ABOUT THOSE FUNDS.
CORRECT? IT'S JUST GIVING THAT THAT IS CORRECT.
ALL THE DECISIONS WOULD HAVE TO BE APPROVED, BUT RIGHT NOW, WE DID NOT, WE BRAINSTORMED ON, ON THOSE IDEAS LAST SPRING, BUT, UH, WE NEVER HAVE HAD THE AUTHORITY TO ACT ON THEM.
SO, AND THIS AFTER IT GOES US HAS TO BE, OF COURSE, BY COUNCIL TOO.
SO THIS IS JUST A FIRST STAFF.
SPECIFIC PROGRAMS THAT HAVE TO BE APPROVED, WELL BROUGHT TO THE SECOND LEVEL.
ANY ANY COMMENTS OR QUESTIONS? CAN THE DUKE LIKE TO GO AHEAD AND NOW YEAH, I TO PRESENT? YEAH.
UM, SO ONE OF THE, UH, SOME OF THE FEEDBACK, UH, THAT WE GOT AS WE, UH, WENT THROUGH THIS PROCESS BEYOND THE BOARD, MOST, MOST SPECIFICALLY COUNCIL MEMBERS, UH, WAS, UH, A NUMBER THAT WOULD HELP, UM, THE ENTIRE ECOSYSTEM AND CITY OF DALLAS ON AFFORDABLE HOUSING, UH, FUNCTION.
AND, AND WHAT I MEAN BY THAT IS IF, UH, IF WE HAVE A CERTAIN NUMBER AND WE ARTICULATE THIS IS OUR, THIS IS WHAT WE CAN DO, THIS IS OUR TASK, THIS IS OUR CAPABILITY, UM, THAT WHEN THE HFC IS DOING THEIR DEAL, THEY'VE GOT A A FRAME OF REFERENCE.
AND WHEN, UH, DALLAS HOUSING ACQUISITION DEVELOPMENT CORPS IS AWARDING PROPERTIES, THEY'VE GOT A FRAME OF REFERENCE WHEN, UM, CYNTHIA IS, UM, HELPING WITH, UM, HUD ALLOCATION, SHE'S GOT A FRAME OF REFERENCE.
THE, THE FEEDBACK WE GOT IS IT WOULD BE HELPFUL FOR US TO SAY, HERE'S THE FACTS, HERE'S WHAT WE CAN DO, UH, AND THAT WE KNOW THAT, UH, WHEN IT COMES TO TAX STATEMENTS, WE'RE NOT GONNA GO NORTH OF, OF THIS PARTICULAR NUMBER.
SO IN ORDER TO DO THAT, UH, THE, UH, CENTER OR THE CHILDREN POVERTY ACTION BIOPSY FOUND, UM, RELEASED THEIR HOUSING SHORTAGES.
IT MAKES SENSE TO TIE THE A, A NUMBER TO WHAT THE HOUSING SHORTAGE IS.
AND BY, BY LOOKING AT THAT, THERE'S A HOUSING SHORTAGE, UM, ESTIMATED BY 2035.
RIGHT NOW, IT'S SOMETHING ALONG THE LINES OF 35,000, UH, UNITS.
IT'S PROJECTED TO BE AS MUCH AS 67,000 BY 2005.
[01:55:01]
80% A I BELOW.SO THAT 67,000 IS A, UH, IS A, IT'S A SOLID NUMBER OF ONE THAT WE CAN WORK FROM.
AND I'M JUST GIVING YOU SOME, SOME BACKGROUND ON, UM, HOW WE GOT, OR HOW I GOT, UH, TO, UH, TO PROPOSE THIS.
SO THEN WE CAN SAY, ALL RIGHT, WELL LET'S TIE IT TO THAT, UH, REPORT.
SO EVERY YEAR, CP POWELL COMES OUT WITH THE HOUSING SHORTAGE REPORT, AND LET'S HIGH THAT NUMBER AND, UH, AND GO FROM THERE.
WELL, IT'S NOT SIMPLE AS THAT BECAUSE WHAT IF THEY STOP, UH, PUBLISHING IT FIVE YEARS FROM, UM, SO WE HAD TO, UH, BE A LITTLE MORE CONCRETE WITH IT.
AND, UM, USING THAT 67,000, UM, WHAT THAT ALLOWS US TO DO IS, UM, IF WE TAKE, IF WE SAY 10% OF THAT NUMBER OF 67,000, WE WILL BE RESPONSIBLE.
AND, UM, THAT WOULD PUT US AT SIX, ROUGHLY 6,000, SIX AND 700, LET'S CALL IT 6,000 TOTAL UNITS.
SO 6,000 TOTAL UNITS ANNUALLY.
THAT GIVES US PLENTY OF, OF ROOM, THE ELBOW ROOM, ROOM TO WORK.
AND, UH, AND YOU KNOW, KIND OF, WE'VE ALREADY SEEN THAT JUST TWO YEARS OF FULLY FUNCTIONING, HOW DIFFERENT 2023 WAS FROM 2024.
UM, AND THAT'S PRIMARILY, PRIMARILY CAPITAL.
WE WANNA HAVE PLENTY OF, OF ABILITY TO, UH, CHANGE WITH IT.
SO THAT'S HOW, UM, I CAME UP WITH THE ACTUAL NUMBER, WHICH IS 6,000.
UM, MY PROPOSED AMENDMENT IS TO, UM, AND I PROVIDED THIS LANGUAGE TO SUMMER, SO SHE'LL HAVE IT.
UM, BUT, UH, THIS WOULD BE IN ADDITION TO SECTION 7.3, ITEM THREE, AND IT READS, UM, AS BEEN INITIATIVE AND IS CARRIED OUT TO, UM, CONSIDERATION AND THE CORPORATION LIMITS CONSIDERATION OF VAULTING FAMILY RESIDENTIAL DEVELOPMENT WITH THE APPLICATION OF ANY AVAILABLE TAX EXEMPTION TO A PUBLIC FACILITY WHERE THE USER OF A PUBLIC FACILITY HAS PERMITTED BY THE ACT TO A TOTAL NUMBER OF UNITS AT 6,000.
SO A TOTAL NUMBER OF 6,000 UNITS.
SO WHAT THAT WOULD DO IS IT WOULD PUT IN OUR BYLAWS AT OUR MAXIMUM BE GIVEN YEAR FOR TOTAL APPROVAL OF DEVELOPMENT, 6,000.
DID YOU SEE THAT WE'RE GONNA DO FROM THERE? YES, I DID.
SO CORPORATIONS, EXPIRATION OF MULTIFAMILY FOR EACH FISCAL YEAR.
SO PERSPECTIVE, WE'VE DONE PRETTY, UH, SAME REPORT.
WE'RE UP TO 47, 40 UNITS FOR ABOUT TWO OR THREE YEARS, RIGHT? YEP.
YOU'RE SAYING LIMIT, WE'RE AVERAGING 2000 SAYING YEAH, PORTFOLIO COMES IN.
BUT YEAH, I JUST WANT CLARIFICATION, AN UNDERSTANDING, UM, SAFETY, RACHEL, THAT THIS IS DIRECT DIRECTION COUNCIL MIGHT BE GOING, AND, UM, WE THOUGHT WE WOULD CLOSE TO SOMEONE GIVING US A NUMBER.
I THINK IT'S BETTER IF THE NUMBER STARTS FROM HERE AND THEN CONTINUE TO DISCUSSION.
THEY'LL BE REVIEWING THESE BYLAWS, RIGHT? YEAH.
THEY JUST FOR TREATMENT EACH OTHER.
SO, SO, UM, I WILL MAKE A MOTION TO APPROVE THE BYLAW CHANGES, UM, RECOMMENDED BY THE GOVERNANCE COMMITTEE AND AS AMEND TODAY WITH RESPECT TO SECTION SEVEN.
SO A SECOND MOTION BY DR. MONTGOMERY, SECONDED BY
AND WE HAVE ANY, ANY QUESTIONS.
I WANNA MAKE SURE EVERYONE, UH,
[02:00:01]
UH, WAS ABLE TO TAKE A CHANCE TO READ THE BYLAWS.I HOPEFULLY, AS I DESCRIBED EM, DIRECTOR MONTGOMERY DESCRIBED THEM, UH, UM, HOUSEKEEPING THINGS, PLUS THERE'S THE, YOU KNOW, MAJOR ITEM OF PURPOSE AND POWER THAT ONCE AGAIN, IT JUST, IT DOESN'T SAY WE'RE DOING THESE SPECIFIC PROJECTS, BUT JUST GIVES US THE ABILITY TO DO SO.
JUST A QUESTION ABOUT THE TERMS. I I, I DON'T HAVE THE LANGUAGE IN FRONT OF ME, BUT IS IT CORRECT TO ASSUME THAT THAT WOULD TAKE EFFECT FOR FUTURE APPOINTEES AND WE'RE STILL ON OUR SIXTH YEAR? OR ARE WE GONNA COME UP ON HAVING TO AUTOMATICALLY RENEW OR IMMEDIATELY GET REAPPOINTMENTS FOR ANY BOARD MEMBERS WHO ARE CURRENTLY ON THAT HAVE ALREADY EXCEEDED TWO YEARS? IT'S PROBABLY, UH, SUMMER OR JIM, HOW, HOW WOULD, HOW GENERALLY SPEAKING, UH, THERE IS A, A CHANGE OF TERM, UH, IS THAT, I ASSUME GRANDFATHER IS A GRANDFATHER IS SO WHATEVER THE PERSON'S CURRENT TERM, OR HOW DOES THAT WORK? I'LL LET JIM CORRECT ME IF I'M, IF I'M WRONG, BUT THERE SHOULDN'T, THERE NOT GONNA BE GRANDFATHERING.
SO ONCE WE MAKE THE CHANGE TO THE BYLAWS AND TERMS WILL FOLLOW WHAT IS SET FORTH.
SO IT'S GONNA BE CO-TERM WITH THE TERM OF YOUR APPOINTING CITY COUNCIL PERSON.
SO, UH, SO IN, UH, IN LAYMAN'S TERMS, WHENEVER OUR, WHENEVER OUR CITY COUNCIL PERSON'S TERM ENDS, THAT APPOINTED US, THAT IS WHENEVER OUR TERM CORRECT? WELL, THAT IS CORRECT.
IT IS EITHER THEN OR IT'S UNTIL YOU'RE REPLACED.
SO THE NEW COUNCILPERSON COULD SIMPLY LEAVE YOU IN PLACE AND DOES NOT HAVE TO APPOINT A NEW PERSON, STAY ON THE BOARD, WHICH IS WHAT HAPPENS ON OTHER BOARDS TOO.
UNLESS YOU'RE AT YOUR TWO YEARS ALREADY.
I GUESS THAT'S WHAT I'M, I'M, I'M STILL NOT CLEAR.
EVEN IF YOU'RE AT YOUR TWO YEARS, YOU WILL REMAIN ON THE BOARD UNTIL YOU ARE REPLACED.
I GUESS, UH, BUT THAT WOULD BE THE CASE REGARDLESS.
UM, SO I GUESS I'M NOT FULLY UNDERSTANDING.
ALL, ALL WE'RE SAYING IS THAT WE CAN NOW, UH, I GUESS I'M, I'M NOT UNDERSTANDING THE CHANGE.
SO, SO THE MOST IMPORTANT PROVISION IS THAT IF THE COUNCILWOMAN OR MAN WHO APPOINTED YOU LOSES MM-HMM.
AND SO IT IS JUST DESIGNED TO GIVE THE COUNCIL PEOPLE THE ABILITY TO CHOOSE WHETHER TO APPOINT SOMEBODY ELSE OR NOT.
AND SO I GUESS MY ONLY CONCERN WITH THAT WOULD BE IF, BECAUSE SOMETIMES THE APPOINTMENTS FROM, FROM NEW COUNCIL MEMBERS CAN LAG IS OH YES, WE COULD END UP WITH, IF WE COULD END UP WITH EVEN MORE VACANCIES.
NO, YOU WOULD STAY ON UNLESS YOU RESIGNED UNTIL THEY APPOINT A NEW PERSON.
IT JUST GIVES THEM THE OPPORTUNITY TO DO IT.
UH, DIRECTOR WINTERS, UH, IS THERE CURRENTLY A SCHEDULE OF EVERYONE'S, UH, APPOINTMENT DATES AND WHEN THEIR TERMS ARE SCHEDULED TO END? NO, BUT I'VE ADD THAT TO OUR BOARD MEMBER TRACKING, UH, SHEET, UH, SPREADSHEET IF STARTED DECK INFORMATION TRAINING.
WE CAN THROW THAT ON THERE, KEVIN.
[02:05:01]
UM, THERE COMMENTS OR QUESTIONS? WE HAVE A, A MOTION, UH, SECONDED BY BY A MOTION BY DIRECTOR MONTGOMERY, SECONDED BY DIRECTOR CALL C MC.
DANIEL, CAN YOU MOVE FORWARD TO THE
UH, SCOTT, COUNCIL VERBAL, AYE.
UM, VICTOR TOLEDO APPROVE AND MONTGOMERY MARK HOLMES APPROVE.
ALLEN TELLES APPROVED KEVIN WINTERS APPROVE.
LAUREL STONE APPROVED KEITH
ITEM NUMBER 11, DISCUSSION OF APPROVAL OF AUTHORIZING THE OPENING OF THE CREDIT CARD ACCOUNT FROM THE CITY OF PUBLIC FACILITIES CORPORATION, THE CORPORATION AUTHORIZING THE EXECUTION OF ANY REQUIRED RESOLUTION TO ACQUIRE SUCH CREDIT CARD AUTHORIZING AUTHORIZED SIGNATURES AUTHORIZING ALL ACTION NECESSARY OR CONVENIENT TO CARRY OUT THE PURPOSES OF THIS RESOLUTION.
SO, UM, THIS IS, UH, AFTER CONVERSATIONS WITH ALAN AND JIM, UH, TO MAKE SURE THAT THIS ISN'T NOT COMMON PRACTICE.
UH, WE'RE REQUESTING THAT WE TAKE OUT SMALL BALLOTS CREDIT, UH, THEY CAN USE FORTUNE BANK FOLKS JUST SO WE CAN SET EVERYTHING UP TO IMMEDIATELY AUTO, UH, AUTO PAY EVERY MONTH, UM, KNOCK OUT OUR BALANCE.
UM, BUT, BUT, UH, YOU KNOW, WITH SIMPLE THINGS LIKE ORDERING LUNCH, IT'S ALWAYS JUST AT THE, OF TRYING TO SEND WIRES OUT, UM, SEND WIRES FOR LAUNCH.
OR WHERE I COME OUT OF MY POCKET AND THEN GET REIMBURSED.
BUT YEAH, IT'S, I MEAN, IT'S, IT'S A LOT.
WEBSITE STUFF, UM, WOULD JUST BE EASY.
MAKE THINGS GO A LOT FASTER IF WE WEREN'T, YOU KNOW, WIRING MONEY OUT, SANDWICHES, YOU KNOW.
UM, ALAN, WOULD YOU LIKE TO TOUCH BASE ON THIS AT, AT ALL? NO.
I THINK OTHER THAN I THINK IT WOULD HELP EXPEDITE, UH, MATTERS AND NOT IMPOSE UNNECESSARY BURDENS ON SAM IN TERMS OF GETTING REIMBURSED FOR, UH, THE, THESE MISCELLANEOUS, UH, ITEMS. SO I THINK IT'S A GOOD IDEA.
WE HAVE ANY FURTHER DISCUSSION.
DO YOU HAVE A MOTION? SO MOVED.
SECOND HOLMES SECOND BY DIRECTOR HOLMES MCDANIEL, PLEASE MOVE THE BOOK ALL VOTE PLEASE.
RONALD STINSON, STEP DOWN PRIME BLANKENSHIP.
ALSO STEP DOWN, I THINK VICTOR TOLEDO APPROVE AND MONTGOMERY MARK HOLMES APPROVE A TELLES APPROVED KEVIN WINTERS APPROVE.
11 PASSES ON ITEM
THIS IS ON, ON KIND ON BOTH OF US HERE.
SO JUST TO INTRODUC INTRODUCE IT, IN OUR LAST BOARD MEETING, UM, WE DECIDED TO CREATE A HIRING SUBCOMMITTEE, IF
[02:10:01]
I'M NOT MISTAKEN, COMMITTEE, HIRING COMMITTEE.UM, AND, AND THAT, UH, IS KEITH AND ALAN, KEVIN AND VICTOR, I BELIEVE.
UM, I'M NOT SURE IF THAT'S THE MAXIMUM AMOUNT THAT WE WERE ALLOWED.
THAT'S THE SAME AMOUNT THAT THE HFC HAD, IF I'M NOT MISTAKEN.
UH, ANNA HOW MANY PEOPLE DID THEY HAVE THE HFC HAVE ON THEIR HIRING COMMITTEE? I BELIEVE SEVEN.
WAS IT SEVEN? OKAY, SO WE COULD GO HIGHER
I WANTED TO, UH, THANK YOU, UM, MR. MCDANIEL OUT A, UH, SOLICITATION OF INTEREST.
I'D LIKE TO THANK THOSE, UH, WHO RESPONDED BACK.
UH, DIRECTOR MONTGOMERY LES, DIRECTOR WINTERS AND DIRECTOR TOLEDO.
UH, DO WE HAVE ANY OTHER INTEREST IN THIS COMMITTEE? I'D LIKE TO SERVE ON IT AT THIS TIME.
I'D LIKE TO MAKE A MOTION THAT, UH, DIRECTOR MONTGOMERY POINTERS AND TOLEDO SERVE ON THIS COMMITTEE AND I'LL LIKE TO APPOINT, UH, VICTOR TOLEDO, MR. CHAIR OF THIS COMMITTEE.
SO READ BY DIRECTOR MONTGOMERY SECONDERS.
I'D LIKE TO TAKE A RECORDED VOTE ON THIS ITEM, PLEASE.
STINSON BLANKENSHIP, VICTOR TOLEDO APPROVE AND MONTGOMERY APPROVE.
APPROVED
LAUREL STONE APPROVED KEITH
SELECT ITEM NUMBER 12 IS APPROVED.
AND WITH, WITH THE MEMBERS OF THE COMMITTEE, UH, IN THE NEAR FUTURE TO DISCUSS, UM, THAT LIVING ON, ON NUMBER 13, DISCUSSION REGARDING THE PFCS PROPERTY MONITOR HONORING PROCEDURES, MR. MC RIGHT.
WITH PROPERTIES COMING ONLINE, UM, AND WITH JUST, YOU KNOW, OUR CURRENT PORTFOLIO SIZE, UH, WE'RE RUNNING INTO JUST PICKUPS OF NOT KNOWING WHAT THEY WOULD
UM, SO WE WERE, UH, HOPING TO HAVE A CONVERSATION ABOUT PROPERTY MONITORING, UH, IN THE, UH, FOR CONSTRUCTION PHASE, THEN POSSIBLY ALSO IN THE, UH,
SO, UM, THIS, THIS IS JUST KIND OF A, LET'S START THINKING ABOUT IT.
IF ANYONE HAD ANY THOUGHTS, UM, ON, ON, YOU KNOW, COMPANIES OR ANYTHING ALONG THOSE LINES THAT DO COMPLIANCE, UH, MONITORING FOR CONSTRUCTION STUFF OR FOR, UM, STABILIZED PROPERTIES, WE, ARE YOU SUGGESTING THAT PERHAPS AT, UH, THE NEXT MEETING OR SO WE MIGHT WANT TO ENTERTAIN A MOTION TO, UH, BID? CORRECT.
THAT'S, THAT'S WHAT WE'RE, WE'RE HOPING TO DO.
RIGHT NOW, WE'RE JUST COLLECTING INFORMATION FROM A COUPLE DIFFERENT, UM, SOURCES AS YOU KNOW, DURING OUR, UM, BIG S UM, UH, PRESENTATION THAT YOU ENDED, THEY, ONE OF THE THINGS THEY HAMMERED UP ABOUT PROPERTY MONITORED.
SO WE'RE JUST TRYING TO BE PROACTIVE, GET, GET SOME THINGS GOING.
UM, AND, AND WE'VE FOUND A COUPLE GOOD OPTIONS FOR THE CONSTRUCTION, UH, SIDE OF THINGS.
AND, AND WE'RE STARTING TO UP SOME STUFF FOR STABILIZED PRODUCTS, UH, AS WELL.
THIS INCLUDES COMPLIANCE AND THIS DOES INCLUDE COMPLIANCE.
SO CLIENTS 3 0 1 MONITORING, MONITORING, UH, MAKE
UM, SO NOT GOING, YOU KNOW, OUT THERE EARLIER THAN THEY'RE SUPPOSED TO STAY CONSTRUC STUFF.
JUST 'CAUSE I MEAN, WE DID HAVE QUITE A FEW CALLS RIGHT NOW COMPLIANCE IN SO FAR AS, UH, ASCERTAINING THAT PROPERTIES ARE IN COMPLIANCE WITH, UM, MAKING
[02:15:01]
SURE MEETING THE MI THAT'S THAT'S YEAH, THAT'S THE SECOND PART.IT, WE'RE TALKING A COUPLE DIFFERENT, OR ONE PERSON RIGHT NOW, BUT WE PROBABLY OBVIOUSLY START, YOU KNOW, DO SOMETHING RESPONSE.
COMPLIANCE IS VERY IMPORTANT, BUT I'D BE SURPRISED IF THAT QUESTION ALSO COMES UP IN THE NEAR FUTURE.
SO THAT'S WHY, THAT'S WHY WE USE ONE ON THERE JUST TO KIND OF QUICK CONVERSATION, GET PEOPLE THINKING ABOUT, ABOUT THIS, YOU KNOW, PROPERTY, PROPERTY MODEL.
UM, YOU KNOW, FOR, FROM THE TIME WE CLOSE ALL THE WAY UNTIL THE, THE PROJECT, SO, YOU KNOW, SEVEN, FIVE YEARS OUT, UH, WHAT THAT'S SUPPOSED TO LOOK LIKE AND TRY TO PUT SOMETHING, YOU KNOW, BASED UPON EVERYONE'S IDEAS, UH, PUT SOMETHING TOGETHER, CONCRETE PLAN, AND HAVE SORT OF, YOU KNOW, PART OF OUR STANDARD OPERATING.
I WOULD, I WOULD JUST SUGGEST AT A FEATURE MEETING, WHENEVER YOU HAVE THAT DOCUMENTATION PUT TOGETHER THAT WE HAVE A PRESENTATION ON CLIENT, SUPPLIER ATTORNEY.
SO WE CAN MOVE AHEAD ON THAT DECISION.
COMMENTS OR DISCUSSION ON THIS?
I WILL TELL YOU IT'S NOT EASY GETTING IN TOUCH WITH THESE STAFFS FROM, FROM OTHER PFCS.
I MEAN PEOPLE ARE, I'M WORKING ON SOMETHING RIGHT NOW OR FOR THE HOUSING DEPARTMENT AND IT, IT IS ALMOST IMPOSSIBLE TO GET ANYONE THE TEXT, PHONE OVER THERE IF THEY'RE NOT TRYING TO RING.
UM, IT'S, AND, AND I GET IT, PEOPLE ARE, ARE TRYING TO THINK FOR INFORMATION AND USE IT.
IN THIS AREA MONITORING THE, THIS WOULD BE A STATIC VERSUS CORRECT, CORRECT.
UM, LIKE, LIKE A PROBABLY MANAGE, YEAH.
OR MONITORING DOESN'T HAVE TO BE A FULL ON MAN.
YOU'D BE SOMEONE THAT JUST CHECKS IN LETS US KNOW THAT I SHOULD HAVE, HAVE, UH, POPPED UP AND THEY CAN CHECK ONLINE AND, YOU KNOW, FOR, FOR ALL OF OUR 3 1 1 CALLS AND, UH, YOU KNOW, MAKE SURE THAT WE'RE NOT GETTING ANY, YOU KNOW, BOEING OR ANYTHING ALONG THOSE LINES OR WHAT WOULD IT BE? CONSTRUCTION.
WHAT ARE CONCERN CONSTRUCTION FOR PROPERTY HOSTING PERMITS, UM, OPERATING WITHIN THE, UH, HOURS THAT YOU'RE ALLOWED TO OPERATE.
UM, THOSE ARE TWO THINGS THAT WE GOT
THERE'S, THERE'S A LOT OF DIFFERENT THINGS THAT POP UP, BUT WE HAD A COUPLE PROPERTIES THAT HAD
SO FIND SOMEONE, A COMPANY TO MONITOR JUST SPEAKING FROM THE CONSTRUCTION STANDPOINT TO MONITOR IT OR SO WE JUST CHECK IN, GO MORE DRIVES, BUT WE HAVE ALSO INFORMATION ALREADY, RIGHT.
UM, BUT PROBABLY BETWEEN CLOSING AND
THAT'S WHAT I WAS THINKING TOO.
YEAH, I I COULDN'T REALLY HEAR WHAT, WHAT KEN WAS JUST SAYING, BUT I I THINK I'M UNDERSTANDING CORRECTLY, THIS WOULD BE A THIRD PARTY CONSULTANT, NOT, NOT A STAFF MEMBER BEING ADDED FOR THESE RESPONSIBILITIES.
WELL, IT, IT, IT COULD BE A THIRD PARTY PERSON, BUT THAT WE HIRE OR WE JUST NEED TO KIND OF COME UP WITH SOME PROCEDURES, UH, YOU KNOW, AS A GROUP AND THEN STAFF.
UM, THAT BEING SAID, IT'S UH, GOOD TO PUSH IT.
I THINK IT'D BE NICE TO PUSH IT OFF ONTO, SO, YOU KNOW, A THIRD PARTY IF WE GET A GOOD VOTE ON SOMETHING, BUT, UM, REALLY WE JUST NEED KIND OF MORE DIRECTION ON THIS SO IT'S NOT JUST LIKE, WHAT DO I THINK IS RIGHT AT THE TIME OF, OF AN ISSUE ARISE.
YEAH, I I WOULD AGREE THAT IT'S, IT'S A, IT'S A MUCH NEEDED THING AND I THINK IT'S ALSO SOMETHING THAT WE COULD DIRECTLY TIE INTO A REPORTING FEATURE ON OUR, THE WEBSITE, UM, SO THAT THAT INFORMATION IS AVAILABLE FOR
[02:20:01]
THE PUBLIC AT THE SAME RATE THAT IT'S AVAILABLE FOR TO US.YEAH, I DON'T THINK THAT IDEA AT ALL.
I THINK THAT SOUNDS PRETTY SMART.
SO I, YEAH, I THINK IT'S, I'M IN SUPPORT OF IT.
THERE'S NO LUCK IN THIS TOPIC, UH, AT THIS POINT, BUT PERHAPS BY THE NEXT MEETING OR YOU
ONE POINT GOING FORWARD WE COULD PUT THOSE COSTS.
YOU, YOU HAD MENTIONED THAT FOR THE LAST DEAL THAT
YEAH, THAT'S, THAT'S, THAT WAS THE, EXACTLY.
WELL, WE'LL HAVE A BROADER CONVERSATION ABOUT IT NEXT TIME, BUT I WANTED TO GET EVERYONE THINKING ABOUT THAT AND I'LL, WE'LL GO AHEAD AND PUT TOGETHER A COUPLE QUOTES FOR INSTRUCTION BASE AND FOR THE, UH, CE SCOTT AS WELL AND DIRECTOR STONE.
WE HAVE A FURTHER COMMENT HANDS UP.
NO, I JUST NEED TO FIGURE OUT HOW TO PUT MY HAND DOWN.
UH, OTHER COMMENTS ON ITEM 13? ON ITEM NUMBER 14, THE SUGGESTION REVIEW THE PUBLIC DISPLAYS PREPARATION WEBSITE, MR. MCDANIEL ALL.
SO WE ARE MOVING ON THE WEBSITE.
UM, WE FOUND OUT THAT BRANDING DID NOT COME WITH IT.
UM, OUR, OUR FIRST QUOTE, SO WE GOT A QUOTE FOR, UM, FOR THE BRANDING, UH, WAS $6,000, UM, HALF, HALF NOW, HALF LATER KIND OF THING WITH X AMOUNT OF REVISIONS.
UM, AND TOUCHING ON THAT BRANDING THING THAT WE'RE GONNA HAVE TO WORK WITH THE CITY OF DALLAS.
'CAUSE NOW THERE'S SOME NEW INITIATIVE TO WHERE EVERYTHING KIND OF HAS TO
SO, SO WE'RE GONNA WORK WITH THEM.
UM, BUT THAT WAS THE, THE MAIN, UH, THING THAT WE'VE BEEN WORKING ON.
WE HAVE A LINK TO LIKE THE FRAME OF THE WEBSITE.
YEAH, IT'S VERY BASIC, BUT PRETTY MUCH WHAT BE ON EACH PAGE AS, UH, CHAIR WINNERS.
DO YOU HAVE ANYTHING TO ADD? UH, NO, LIKE I SAID, WE'RE REALLY JUST KIND OF WAITING ON THE, THE LOGOS TO LOOK AT RIGHT NOW AS WELL AS, UH, SEEING THE, YOU KNOW, THE SANDBOX, THE DESIGN AT THE MOMENT.
UM, BEFORE WE REALLY START KIND OF FILLING THAT WITH CONTENT.
YOU THINK IT'S A, IS IT PREMATURE? IS IT A OKAY TIME TO SEND OUT LIKE A, A BETA VERSION LINK? THOSE INTERESTED THEY COULD LOOK AT POST.
SO SAM, I MEAN IF, IF AT LEAST THE, THE COMMITTEE COULD GET IT FIRST, UH, TO KIND OF GET A LOOK AT IT, TO GIVE IT A FIRST UH, SET OF EYES.
AFTER DIRECTOR WINTERS LOOKS AT IT, WE APPROACH AND SEND IT OUT TO THE BOARD JUST FOR REVIEWING COMMENTS.
WE HAVE PROGRESS ON A LOT OF LEVELS TODAY.
MOVING ON TO ITEM NUMBER 15, DISCUSSION REVIEW OF DALLAS PFC PIPELINE REPORT, MR. MCDANIEL.
YEAH, SO I MEAN, NO BIG CHANGES SINCE OUR LAST, UH, FIRM.
NO CHANGE AT ALL TO MY LAST, UM, BOARD MEETING STILL, UH, YOU KNOW, TRYING TO CLOSE THE, UM, SANTA FE TRAIL ONE, UH, THE LOCKOUT SANTA FE DEAL AND THEN THOSE NUMBERS WILL MOVE.
THAT'S OUR MOST LIKELY TO CLOSE FIRST.
THERE'S ANOTHER ONE, UH, I BELIEVE THAT WAS APPROVED 2023 DAY, UH, MASS APPROVAL THAT Y'ALL DID.
UM, THAT SHOULD BE OPEN BY THE END OF THE YEAR AS WELL, THEORETICALLY.
JIM, IF I'M NOT MISTAKEN, UM, I BELIEVE IT WAS SAVOY HAD, HAD REACHED OUT ABOUT CLOSING THAT DEAL ACTUALLY A HOLLOW WITH WEST COMMERCE TRYING TO GET THEIRS CLOSED.
SO WE, WE'LL MOVE TO SOME NUMBERS HOPEFULLY BY THE END OF THE YEAR EITHER.
DO YOU HAVE ANY QUESTIONS OR COMMENTS ABOUT ITEM NUMBER 15
[02:25:02]
SAYING NONE.NUMBER 16, APPROVAL OF RESOLUTION CONFIRMING AND RATIFYING THE APPOINTMENT OF SAM MCDANIEL IS THE ASSISTANT GENERAL MANAGER OF ANOTHER MATTERS
SO BACK IN, I BELIEVE MARCH, UM, I WAS, UM, APPROVED TO BE THE, UH, THE ASSISTANT GENERAL MANAGER UNDER, UM, UNDER THE, THE LAST GUY.
AND UM, WE JUST NEVER GOT PAPERWORK DONE ON THAT AND IT'S ALWAYS SPED FIVE MINUTES WAS, WAS GOOD.
UM, SO I, I DON'T KNOW IF ALBERT GOT IT SIGNED AND, AND I DON'T, THIS IS NOT PUT IN THE SHIP ANYMORE.
SO WE WERE ASKING, UH, I HAD JIM PREPARE THIS JUST SO I CAN HAVE PROOF THAT I COULD BE SIGNING ON BEHALF OF PFC, UM, WHICH WAS ALREADY
TRAVIS COUNTY PUT THAT UP ON THE ACTUAL RESOLUTION.
OH, JIM, UH, THAT NEEDS TO BE UPDATED TRAVEL.
YEAH, WE, WE, WE HAVE NO AUTHORITY TO POINT YOU TO TRAVIS COUNTY.
WE CAN GET THAT CHANGED TO SUPER REPRESENT THE ROMAN.
UM, BUT YEAH, THAT WAS JUST ONE THAT, UM, AS YEAH, YEAH, 16 ARE ANY OTHER QUESTIONS? CONCERN? QUESTION? I HAVE A QUESTION.
WHO WAS THE GENERAL MANAGER? I DON'T THINK WE HAVE ONE.
SO GENERAL MANAGER
YEAH, THAT'S UH, I WOULD ASSUME PART OF THE HIRING COMMITTEE.
SO, SO FOR CONSIDERATION, CAN WE APPOINT SAM AS INTERIM GENERAL MANAGER UNTIL THE, UH, HIRING COMMITTEE MEETS MR. PALMER? MY CONCERN IS THAT, IS THAT OUR, LEMME GO BACK TO THE AGENDA ITEM, BUT I THINK THE AGENDA ITEM IS VERY SPECIFIC.
IT WAS, AND, AND SO I DON'T REALLY WANT TO, YEAH, I DON'T WANNA VARY FROM THAT, JUST JUST 'CAUSE WE DIDN'T POST IT.
I PERSON PERSONALLY DON'T THINK THAT WOULD BE A MATERIAL CHANGE.
UH, BUT I'D RATHER APPOINT HIM ASSISTANT GENERAL MANAGER.
UM, I DON'T, I DON'T, UM,
FRANKLY, I'D RATHER, I'D BE HAPPY TO APPOINT HIM AS THE INTERIM GENERAL MANAGER.
WE COULD DO THAT AT THE NEXT BOARD MEETING.
I CAN, I CAN CHANGE IT AGAIN, BUT RIGHT NOW SINCE IT'S AGENDA IS THIS WAY, I THINK, I THINK THIS IS ALL WE SHOULD REALLY BE ABLE TO DO.
IT'S ON THE AGENDA AS A STATED, SO I, SO I'D BE HAPPY TO, TO MODIFY, MODIFY THE RESOLUTION TO REFLECT.
OBVIOUSLY DALLAS, WE CAN, WE CAN APPROVE THIS ONE THIS MONTH AND NEXT MONTH.
IF YOU WANNA APPROVE HIM AS INTERIM GENERAL MANAGER, I, I'D BE MORE THAN HAPPY TO DRAFT THAT.
I'D RECOMMEND THAT OTHER BOARD MEMBERS CONCUR.
WE HAVE A SECOND, SECOND, SECOND BY DIRECTOR TOLEDO PERSONNEL.
[02:30:01]
YES.LAUREL STONE APPROVE KEITH POP
THOSE PRESENT ISLAND SUBPOENA.
SO I CAN SAY THANK Y'ALL VERY MUCH.
IT WAS VERY LONG MEETING, BUT I HAVE TO SAY, COULD BE, IT COULD BE ONE OF THE MOST PRODUCTIVE MEETINGS I THINK WE'VE HAD ALL YEAR.
A LOT OF, UH, SERIOUS AND REALLY GOOD ISSUES WERE, UH, TACKLED BY THIS BOARD.
REALLY APPRECIATE ALL OF Y'ALL AND ALL THAT YOU'RE DOING.
UH, I'LL DO MY BEST TO CONVEY, UH, THESE GOOD THOUGHTS FROM THE BOARD AT OUR, UH, HHSC, UH, SUBCOMMITTEE MEETING, UH, TO THE COUNCIL NEXT WEEK, WANNA SAY, I REALLY APPRECIATE EVERYTHING THAT Y'ALL DO.
YOU'D LIKE TO ENTERTAIN A MOTION WITH MADE BY, UH, RICHARD TOLEDO, SECONDED BY RICK.
MEETING OF THE DALLAS PUBLIC FACILITIES PREPARATION IS HEREBY.