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STACY.[Public Facility Corporation Meeting on November 26, 2024.]
AFTERNOON.MY NAME IS KEITH AL, PRESIDENT OF THE WEST PUBLIC FACILITIES CORPORATION BOARD OF DIRECTORS MEETING.
I'D LIKE TO CALL THIS NOVEMBER 26TH, 2024 MEETING TO ORDER DIRECTLY AT HIGH NOON IN DALLAS CITY HALL.
MOVING ON ITEM NUMBER TWO, ROLL CALL SAM ALL SCOTT.
STACY, YOU HERE? RIGHT THERE? YES.
CAN YOU HEAR ME? RONALD STINSON, PRIME PRESENT.
PRESENT IN MONTGOMERY, MARK HOLMES.
KEVIN WINTERS LAUREL STONE CHIEF ON THE CALL PRESENT.
I'D LIKE THE RECORD TO REFLECT THAT A QUORUM HAS BEEN ESTABLISHED.
MOVING ON TO ITEM NUMBER THREE, PUBLIC TESTIMONY.
WE HAVE PUBLIC COMMENTS ON ITEMS FOUR THROUGH 17.
LET THE RECORD ALSO REFLECT THAT, UH, VICE PRESIDENT, UH, KEN MONTGOMERY HAD JUST ENTERED.
KEN, WOULD YOU LIKE TO STATE THAT YOU WERE HERE FOR THE RECORD? I LOOK.
MOVING BACK TO ITEM NUMBER THREE, PUBLIC TESTIMONY.
DO WE HAVE ANYONE PRESENT IN PERSON OR ONLINE THAT WOULD LIKE TO SPEAK TO THE BOARD IN REFERENCE TO ITEMS FOUR THROUGH 17? SAM, I'LL NEED YOUR HELP.
UH, RECOGNIZING PEOPLE ONLINE.
I DO NOT SEE ANY HANDS RAISED AT THIS TIME.
ANYONE IN THE ROOM HERE? SEE, NO ONE SIGNED IN.
SO, SEEING NONE, WE'LL MOVE ON TO ITEM NUMBER FIVE.
BPSC BOARD MEMBERS SHOULD DISCLOSE ANY RELATIONSHIP A MEMBER MAY HAVE WITH THE PROJECTS TO BE CONSIDERED ON THIS AGENDA OR WITH ANY DEVELOPER, PARTICIPANT, OR FINANCIAL BENEFICIARY OF THE PROJECTS TO BE CONSIDERED ON THE AGENDA.
EVEN THAT IF THAT RELATIONSHIP DOES NOT RELATE TO A SPECIFIC PROJECT, THE DPFC BOARD IS CONSIDERING.
ITEM NUMBER SIX, EXECUTIVE SESSION OF AGENDA.
THE DPFC BOARD WILL CONDUCT A CLOSED MEETING TO DISCUSS MATTERS PERMITTED BY THE FOLLOWING SECTION OF CHAPTER 5 5 1 TEXAS GOVERNMENT CODE A SECTION 5 5 1 0.071.
CONSULTATION WITH ITS ATTORNEYS TO SEEK ADVICE OF ITS ATTORNEYS ABOUT PENDING OR CONTEMPLATED LITIGATION SETTLEMENT OFFICERS OR ANY MANNER IN WHICH DUTY OF THE ATTORNEYS SHOULD THE DPFC BOARD UNDER THE TEXAS DISCIPLINARY RULES OF PROFESSIONAL CONDUCT OF THE STATE BAR OF TEXAS CLEARLY CONFLICTS WITH THE TEXAS OPEN MEETINGS ACT.
TEXAS GOVERNMENT CODE SECTION 5 5 1 0.07.
ONE BEING, UH, LEGAL ISSUES CONCERNING CITY OF DALLAS GENERAL ELECTION HELD ON NOVEMBER 5TH, 2024 ON CHARTER RELATED BALLOT PROPOSITIONS, PROPOSITION S GRANTING STANDING TO RESIDENTS AND WAIVING GOVERNMENTAL IMMUNITY RELATED TO CONDITIONS UNDER WHICH THE CITY OF DALLAS MAY WAIVE ITS GOVERNMENTAL IMMUNITY.
UH, YOU COULD PLEASE, UH, LET US KNOW, UH, PROCEDURES TO GO INTO EXECUTIVE SESSION.
SO WE, WE, WE HAVE, WE NEED TO SIGN IN ON, CAN YOU CLARIFY THAT? YEAH, YOU, YOU SIGNED, UH, START THAT SECOND MEETING.
I'M GONNA THROW MY COMPUTER BACK THERE.
EVERYONE PLEASE LOG OUT ONCE WE THE PUBLIC, MAKE SURE.
AND, AND JAKE, UH, WE'RE GOING INTO CLOSED SESSION REAL QUICK.
SHOULDN'T TAKE TOO LONG, SO I'M GONNA HAVE TO ASK YOU TO LEAVE JUST, JUST FOR A MINUTE HERE.
IT IS 12:43 PM AT THIS POINT, I WOULD LIKE TO CALL BACK TO ORDER, UH, THE NOVEMBER 26TH, 2024 MEETING AT, UH, 12:43 PM ON ITEM NUMBER SEVEN.
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AND AT THIS TIME, I'LL ALSO LIKE THE RECORD TO STATE THAT, UH, I DON'T BELIEVE WE HAD, UM, UH, DIRECTOR STONE, UH, MARKED IN ATTENDANCE BEFORE THE EXECUTIVE SESSION.SO YOU, YOU MARKED DIRECTOR STONE IN INTENDANCE.
I'D LIKE THE RECORD REFLECT THAT WE STILL HAVE A FORM AND I'LL GO AHEAD AND READ ITEM NUMBER SEVEN.
THE DPFC BOARD MAY RECONVENE AN OPEN SESSION AND ACT ON ANY ITEM LISTED ON THE EXECUTIVE SESSION AGENDA IN ACCORDANCE WITH CHAPTER 5 5 1 TEXAS GOVERNMENT CODE.
I DON'T SEE ANY ACTION NEEDED TO BE TAKEN AT THIS POINT UNLESS SOMEONE WOULD LIKE TO MAKE A MOTION OR SOME ACTION.
ITEM NUMBER EIGHT, DISCUSSION REGARDING THE DEMOLITION OF FACILITY AT AT 9 9 9 9 TECHNOLOGY BOULEVARD, DALLAS, TEXAS, SAM.
ALRIGHT, SO WE HAVE JAKE HERE TO, UH, TO GIVE US A FULL BREAKDOWN, BUT AS FAR AS I UNDERSTAND IT, WE'RE STILL IN JUST IN THE, UH, CLEARING OF MATERIALS.
UH, POINT, IF YOU CAN STICK UP TO THE PODIUM, PLEASE LIKE THE RECORD, REFLECT THAT.
UH, DIRECTOR MARSHALL ALSO HAS JOINED US BACK ONLINE.
UM, YEAH, I, I'M HAPPY TO GIVE A FULL BREAKDOWN, BUT I THINK IT'S A REAL SHORT BREAKDOWN.
THEY FOLLOWED UP ALL THE MATERIAL.
UH, WE WERE OUT THERE THIS MORNING CHECKING IT OUT.
I I HAD ASKED THEM TO JUST GO AHEAD.
I THINK I PREVIOUSLY SHARED THAT WE WEREN'T ORIGINALLY GOING TO DEMOLISH THE SLAB, THE FOUNDATION, BUT, UM, I JUST, I HAD THEM TO GO AHEAD AND DO THAT.
SO THEY'RE, THEY'RE IN THE PROCESS OF DOING THAT.
ALL, ALL OF THE DEBRIS FROM THE ACTUAL VERTICAL CONSTRUCTION OF THAT OFFICE BUILDING'S DOWN AND HAS BEEN HAULED OFF.
SO, UH, ANY OF THE REMAINING ACTIVITIES GOT THERE THAT JUST BUSTING UP THE SLAB.
SO, UM, THAT'S REALLY THE ISSUE INSTEAD OF THE UPDATE.
I MEAN, I'M HAPPY TO ANSWER ANY QUESTIONS, BUT IT'S SHORT AND SWEET AS WELL JUST FOR A CLARIFICATION FOR, FOR EVERYONE HERE.
SO, IS THE FENCE STILL UP AROUND IT? THE FENCE IS UP.
IT'S MOVED JUST BECAUSE THEY'RE COMING IN AND OUT AND ALL UP THE REMAINDER OF THE DEBRIS FROM THE SLAB THAT THEY'RE WORKING ON.
BUT, UH, DO YOU SEE ANY PUBLIC SAFETY CONCERNS FOR THE, I I PERSONALLY DO RESIDENTS AROUND THE AREA? NO, NO, I PERSONALLY DO NOT.
I MEAN, THERE'S NOT, AT THIS POINT, THERE'S NOTHING THAT'S, YOU KNOW, VERTICAL IN THE AIR THAT THEY WOULD BE DEMOLISHING THAT WOULD BE FALLING DOWN OR ANYTHING LIKE THAT.
I DON'T, ARE THERE REBAR OR ANYTHING LIKE THAT, OR JUST SLABS OF CONCRETE? YEAH, I MEAN, INEVITABLY THERE'S GONNA BE REBAR IN THE CONCRETE FROM THE SLAB FOUNDATION THAT, UM, WHEN THEY'RE BUSTED UP IS, IS GONNA COME OUT OF THAT.
BUT THAT'S, I WOULD SAY TYPICAL, JUST ANY FOUNDATION, ANY CONCRETE FOUND.
AND WHAT'S YOUR PROJECTED DATE FOR, UH, THE GROUNDBREAKING? UM, I THINK TO START CONSTRUCTION, WE'RE PROBABLY LOOKING AT RIGHT AROUND MARCH 1ST.
WELL, I WOULD LOVE TO HAVE AN INVITATION TO DO THAT AS WELL AS I THINK EVERYONE ELSE FROM THE BOARD.
IT'S BEEN A LONG PROCESS AND I THINK, UH, WE COULD USE SOME CELEBRATION ON THE LARGE AMOUNT, THE AFFORDABLE HOUSING THAT WE'RE BRINGING TO DISTRICT SIX IN THAT AREA.
WHENEVER WE GET TO THAT POINT, WHAT WE'LL DO, PROBABLY NOT THE VERY FIRST DAY THAT THEY'RE OUT THERE ON CONSTRUCTION, STARTING CONSTRUCTION, BUT, UH, MAYBE A MONTH TO TWO MONTHS INTO THE PROCESS, WE'LL HAVE A FORMAL GROUNDBREAKING EVENT WHERE THERE'LL BE A MOUNT NICELY PLACED MOUND OF DIRT OUT IN FRONT WHERE WE CAN TAKE PICTURES WITH GOLD SHOVELS AND ALL THAT GOOD STUFF.
SO YOU GUYS WILL DEFINITELY, UH, INCLUDING STAFF WILL RECEIVE AN INVITE TO, TO THAT GROUNDBREAKING EVENT.
BUT, UH, I WOULD PROBABLY LOOK FOR THAT SOMEHOW LATER FOR SPRING.
DO WE HAVE ANY OTHER QUESTIONS OR COMMENTS FOR MR. BROWN ON THIS PROJECT? I, THIS IS JIM.
JUST TO CLARIFY, JAKE, DO YOU DO INTEND TO KEEP THE PROPERTY FENCED? DO YOU DO INTEND TO KEEP SECURITY ON THE PROPERTY, UH, THROUGHOUT THE ENTIRE PERIOD FROM THE END OF DEMOLITION TO THE CLOSING OF THE FINANCING? IS THAT CORRECT? I, I THINK IT'S, I WOULD ANSWER YOUR QUESTION WITH A QUESTION.
IS THAT SOMETHING THAT THE BOARD WANTS TO SEE? I MEAN, I, TO BE REAL HONEST, I DON'T, I DON'T KNOW THAT, UM, CONTINUING TO HAVE, YOU KNOW, THE REMAINS OF A CONCRETE SLAB FENCED IS NECESSARY.
UH, I DO THINK IT'S PROBABLY PRUDENT TO HAVE, UH, AT LEAST KIND OF WHAT WE DID INITIALLY AS FAR AS HAVING SECURITY CHECKING IN PERIODICALLY THROUGHOUT THE DAY.
BUT FROM MY PERSONAL OPINION, I DON'T KNOW THAT HAVING IT CONTINUOUSLY FENCED WITH A 24 HOUR SECURITY IS NECESSARY.
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BUT AT THE SAME TIME, YOU KNOW, WE, WE WANNA BE RES UH, RESPECTFUL OF YOU GUYS AND, AND YOUR WISHES AND DESIRE.SO, UH, YOU KNOW, TO THE EXTENT IT'S POSSIBLE AND FEASIBLE, I WOULD DEFER TO THE BOARD OF WHAT YOU GUYS WANT.
WELL, I'M NOT SURE THE, THE PRESIDENT OF THE BOARD HERE OR ANY OTHER MEMBERS HERE ARE EXPERTS IN SAFETY.
I DON'T KNOW THAT ANY OF US ARE.
BUT, UH, BUT, UH, JUST KEEPING IN MIND THAT IT, THE COVERAGE AND THE SAFETY CONCERNS THAT WERE BROUGHT UP BY THE NEIGHBORHOOD AND BY THE, UH, COUNCIL MEMBER OF, IN, IN DISTRICT SIX.
HE DOESN'T HAVE A REPRESENTATIVE ON HERE, UH, RIGHT NOW, BUT, UH, I THINK I WOULD LIKE A STAFF TO, UH, LOOK INTO THAT TO SEE WHAT, IN YOUR EXPERT OPINION, WHAT YOU BELIEVE WE SHOULD, IF YOU THINK THAT, AND I NEED TO GO OUT THERE MYSELF TOO, IF IT LOOKS LIKE IF I DON'T WANT LIKE, LIKE A PERSON OR A CHILD THAT, THAT ROAM AROUND OVER THERE AND TRIP ON REBAR AND THERE'S NO OFFENSE, YOU KNOW, REGARDLESS OF SECURITY NECESSARILY, BUT, UM, I THINK IT DOES MERIT A REVIEW BECAUSE YOU NEVER KNOW WHAT'S GONNA HAPPEN OUT THERE.
UM, AND I DON'T WANT IT TO BE A, A SAFETY CONCERN FOR THE CITIZENS OF DISTRICT SIX.
WHAT, WHAT I'LL DO IS, BUT THAT'S WOULD BE MY ANSWER IN A NUTSHELL.
IT, IT'S NOT ON THE AGENDA FOR, IT'S JUST DISCUSSION.
SO IT'S NOT ON THE AGENDA TO TAKE A VOTE.
LET'S JUST MAYBE THROW IT, MAYBE HAVE CODE COMPLIANCE, GO LOOK, GO SEE WHAT THEY THINK.
YOU KNOW, TAKE IT, TAKE IT OFF SAM'S PLATE, JUST, HEY, YOU KNOW, BY THE WAY, THEY OBVIOUSLY, THEY, THEY KNOW WHERE THE PROPERTY IS, THEY KNOW IT WELL AND, UH, GET THEIR FEEDBACK.
SO, UM, WE'LL PUT THAT ON OUR NEXT AGENDA TO, UH, PERHAPS HAVE A REPORT BACK FROM, UH, DPD AND CODE COMPLIANCE, INSOFAR AS THEIR JUDGMENT OF THE SAFETY OF THE AREA AND WHETHER OR NOT THEY BELIEVE, UM, FENCING SHOULD BE REQUIRED UNTIL IT'S CLEARED.
I WOULD LIKE SOMEONE WHO KNOWS ABOUT SAFETY TO MAKE THAT JUDGMENT.
I MEAN, AND THEN TO ANSWER JIM'S QUESTION A, A MOMENT AGO, I MEAN, WE WON'T, WE WON'T CHANGE ANYTHING FOR THE TIME.
YOU'LL, YOU'LL LEAVE IT AS IS FOR NOW UNTIL WE, UNTIL WE GET A DETERMINATION FROM, UH, DALLAS POLICE DEPARTMENT OR CODE COMPLIANCE.
THAT WOULD BE GREATLY APPRECIATED.
BE A LOT TO BE THANKFUL FOR ON THIS THANKSGIVING.
UH, THE DEMOLITION OF 150,000 SQUARE FOOT OFFICE BUILDING WOULD BE ON MY THANKFUL LIST FOR THANKSGIVING.
HAVE ANY OTHER QUESTIONS FOR ME THIS WEEK OR THIS MONTH I SHOULD SAY? ANY OTHER QUESTIONS FOR MR. BROWN? SEEING NONE HERE OR ONLINE, THANK YOU VERY MUCH.
ON ITEM NUMBER NINE, DISCUSSION AND APPROVAL OF A RESOLUTION APPROVING THE TRANSACTION FOR OAK HOUSE PHASE TWO, LOCATED AT 9 0 9 EAST COLORADO BOULEVARD, DALLAS, TEXAS, INCLUDING THE EXECUTION OF ALL DOCUMENTATION NECESSARY TO CARRY OUT THE TRANSACTIONS, AUTHORIZING THE PURCHASE OF THE LAND FOR THE PROJECTS AND AUTHORIZING THE DPFC TO SERVE AS THE GENERAL CONTRACTOR AND OTHER MATTERS IN CONNECTION THEREWITH, SAM.
ALRIGHT, WE GOT KATIE AND HER TEAM FROM M WOOD HERE.
UM, AND JIM WAS GONNA KIND OF INTRODUCE THIS, UH, PROJECT, BUT KATIE, WOULD YOU MIND, UH, TAKING THE STAND AND, AND BEING AVAILABLE FOR QUESTIONS, UH, REGARDING THE PROJECT? YES, PLEASE.
DO YOU WANNA PROVIDE US A AN INTRO ON THIS ONE? SURE.
THIS IS A FINAL APPROVAL FOR OAK HOUSE SPACE TO, UM, WE HAVE A TERM SHEET THAT WE HAVE APPROVED.
UH, THE DALLAS CITY COUNCIL HAS APPROVED THIS PROJECT.
UM, THE PROJECT IS IN A POSITION WHERE IT MUST GO HARD ON ITS MONEY FOR THE PURCHASE CONTRACT.
UM, AND KATIE CAN PROVIDE US DETAILS, BUT THEY HAVE ASKED US TO MOVE FORWARD WITH AN APPROVAL OF THE PROJECT.
NOW, I HAVE TO TELL YOU THAT THIS IS A BIT UNUSUAL BECAUSE WE DO NOT HAVE DOCUMENTS.
UM, THIS PROJECT IS ON AN ACCELERATED TIMELINE.
UM, AND WE HAVE NOT DONE THE DOCUMENTS.
I DON'T BELIEVE THAT KATIE CAN TELL YOU THAT SHE HAS HER DEBT IN PLACE AT
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THIS TIME.UM, BUT SHE HAS ASKED US TO MOVE FORWARD.
UM, WE KNOW THAT WE HAVE AN APPROVED TERM SHEET.
WE KNOW THAT WE HAVE STANDARD FORM DOCUMENTS, AND IF WE DO MOVE FORWARD WITH THIS TRANSACTION, UH, WHAT I WILL REPRESENT TO YOU IS THAT THE DOCUMENTS WILL REFLECT THE TERM SHEET AND OUR STANDARD TERMS. AND IF THERE IS ANY SUBSTANTIAL VARIATION OR CHANGE, WE WILL COME BACK TO THIS BOARD AND BRIEF THEM AGAIN AND GET AN ADDITIONAL APPROVAL.
UM, BUT I, WITH, WITH THAT, I'LL TURN IT OVER TO KAY TO EXPLAIN WHY SHE NEEDS US TO MOVE FORWARD AT THIS TIME, UH, AND WHY IT IS, IT IS CRUCIAL THAT WE EITHER APPROVE THIS PROJECT AT THIS TIME OR THE EFFECT OF NOT APPROVING THE PROJECT.
UM, JIM AND I AM AVAILABLE FOR SURE FOR ANY ADDITIONAL QUESTIONS, BUT ALSO WANTED TO GIVE SOME, UH, CONTEXT.
UM, WE ARE UNDER CONTRACT TO PURCHASE THE LAND.
IT'S ACROSS THE STREET FROM PHASE ONE, UH, WHICH IS OPEN AND, AND LEASE UP RIGHT NOW.
THE LAND SELLER IS THE SAME PARTY, AND THEY HAVE A DATE OF THIS FRIDAY IN WHICH OUR EARNEST MONEY GOES HARD.
WE'RE WORKING WITH THEM TO TRY TO EXTEND THAT IN SOME WAY, BUT AT THIS POINT WE HAVE, UM, A LOT OF UNCERTAINTY.
I THINK WE'RE ALL FAMILIAR WITH THE AMOUNT OF UNCERTAINTY THAT WE HAVE DUE TO CAPITAL MARKETS.
BUT MORE SIGNIFICANTLY, OUR PARTNER FOR PHASE ONE IS, UM, IS INTERESTED IN BEING THE PARTNER FOR PHASE TWO AND, AND PROVIDING THE EQUITY FOR THAT.
BUT AT THIS POINT, THEY HAVE SAID VERY FIRMLY, ESPECIALLY BECAUSE OF THE AMOUNT OF UNCERTAINTY THAT IS HAPPENING HERE AT CITY HALL RELATED TO PFCS AND HFCS, THAT THEY WANT TO HAVE EVERYTHING FIRM AND, UM, SIGNED OFF ON IN ORDER TO BE COMFORTABLE WITH TAKING THE RISK OF MOVING FORWARD ON THIS PROJECT.
SO WE'RE AT, AT
AND, UH, WE ARE HAVE ALREADY GONE THROUGH FULL DOCUMENTATION OF A PFC BEFORE WE LEFT THAT ONE OPEN ENDED, UH, BECAUSE WE HADN'T FINALIZED THE DEBT WHEN, WHEN THAT ONE CLOSED.
AND, UM, AND WERE ABLE TO COME THROUGH WITH THAT, UH, IN TERMS OF BEING ABLE TO HAVE THAT CONSTRUCTED IN A WAY THAT WAS NOT CONTROVERSIAL AND OUR LENDER WAS, WAS COMFORTABLE IN WORKING WITH THAT.
JIM WORKED WITH US ON, UM, DRAFTING THE LANGUAGE FOR THAT IN A WAY THAT WAS AMENABLE FOR DEBT TERMS. UM, WE ARE HAPPY TO PROCEED WITH CONTINUING AND, AND STARTING TO NEGOTIATE ALL THAT, BUT CERTAINLY, UM, WE ARE, THE HOLDUP HAS NOT BEEN US AND THAT'S NOT MEANT AS ANYTHING ON, ON ANYBODY HERE, BUT WE ARE HAPPY TO PROCEED WITH NEGOTIATING ALL OF THE DOCUMENTATION AND GETTING IT FINALIZED AND TO PROCEED WITH THAT NOW.
BUT WE ARE IN A, IN A POSITION WHERE THIS FRIDAY EVERYTHING BECOMES VERY REAL AND, UH, WE NEED TO GET THAT GO OR NO GO DECISION DIRECTOR.
CALLUS, ONE QUESTION IF I MAY.
SO IF WE WERE TO GO AHEAD AND GIVE YOU APPROVAL, GIVEN THE UNCERTAINTIES THAT YOU HAVE WITH YOUR DEBT AND YOUR EQUITY PARTNER, IS YOUR COMPANY STILL WILLING TO GO HARD ON FRIDAY WITH THE MENT? UH, SO WE'RE WILLING TO GO, SO THERE'S TWO PHASES TO THIS.
ONE IS BUYING THE LAND AND, AND WE NEED OUR ACTUALLY PARTNER ON BOARD TO BUY THE LAND.
WE, WE WON'T BE DISCUSSING DEBT UNTIL MAY WHEN WE ARE, UM, WHAT'S THAT, JIM, DID YOU SAY SO? OH, NO.
UM, WE, WE, SIMILAR TO HOW WE OPERATED WITH PHASE ONE, WE CLOSED ON THE LAND PRIOR TO THEN GOING OUT TO THE DEBT MARKETS FOR A CONSTRUCTION FUND.
UM, SO THIS IS A CONSISTENT PROCESS WITH WHAT WE HAVE RUN BEFORE, WHICH IS THAT WE WILL HOLD THE LAND AND THEN LATER CLOSE ON THE CONSTRUCTION DEBT.
SO YOU'RE, YOU'RE WILLING TO TAKE THE RISK OF ACQUIRING THE LAND AND THEN HOPEFULLY GET YOUR EQUITY PARTNER AND YOUR, I'M SORRY, YOUR DEBT WIND UP.
WE ARE WILLING TO DO THAT, BUT WE NEED OUR EQUITY PARTNER TO BE ON BOARD IN ORDER TO TAKE DOWN THE LAND OR TO BE HARD ON THE MONEY THIS FRIDAY.
AND, AND YOU DO THAT IN A MATTER OF YES.
THEY'RE, THEY'RE, THIS IS THEIR CONDITION IS HAVING APPROVAL FROM YOU ALL IF THAT.
SORRY TO BE C NO, THAT, THAT, THAT CLARIFIES IT.
UM, SO FIRST OF ALL, KATIE, UM, THANK YOU.
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ON PHASE ONE AND, AND BEING IN LISA.UH, I THINK THAT THIS IS PROBABLY AN AREA WHERE WE DIVERGE, UM, FROM, UM, OUR FRIENDS IN THE DEPARTMENT OF HOUSING, UM, HERE AT THE CITY.
AND MY, MY GENERAL VIEW OF THE WORLD IS IF SOMEBODY DOES SOMETHING AND DOES IT, WELL JUST DO WHAT THEY DID.
AND, UM, YOU FINISHED
UM, THE, THIS IS A, UH, THIS IS AN ONGOING PROBLEM.
UM, I KNOW, UH, THE, THE EQUITY PROBLEM IS AN ONGOING PROBLEM RIGHT NOW.
UM, SO THE FACT THAT YOU HAVE SOME AVAILABLE IS, IS REALLY HELPFUL.
ARE YOU, UH, RECOGNIZING THIS IS A PUBLIC MEETING, UM, TO THE EXTENT POSSIBLE, CAN YOU SHARE EVEN IF IT'S PERCENTAGES, KIND OF WHAT THE CAPITAL STACK WILL ULTIMATELY LOOK LIKE, AND, AND AGAIN, KNOWING IT'S PUBLIC MEANINGFUL, WHATEVER YOU'RE COMFORTABLE SHARING.
SO FOR, FOR THE, UM, DEBT MARKETS, YEAH.
WHAT WE'LL LOOK AT IS GETTING BETWEEN A 50 AND 60% CONSTRUCTION LOAN.
WE'LL TRY TO GET AS MUCH AS WE POSSIBLY CAN.
BUT WE HAVE UNDER IT THAT KNOWING THAT IT COULD BE A LESSER AMOUNT.
AND THEN WITH THE REMAINING 40 TO 50% OF THE CAPITAL STACK, WE ANTICIPATE THAT MINT WOOD WILL BE APPROXIMATELY FIVE TO 10% OF THAT.
AND THEN WE'RE, OUR PARTNER FOR PHASE ONE WILL SUPPLEMENT THE REMAINDER OR, UM, THERE THEY ALSO WOULD POTENTIALLY GIVE OPPORTUNITIES FOR OTHERS TO COME AND INVEST.
THERE'S A LOT OF INTEREST, AS I'M SURE YOU GUYS KNOW, IN BEING INVOLVED IN, UH, WORKFORCE HOUSING AND PROVIDING IT, BUT EVERYBODY IS TRYING, THERE'S A, RIGHT NOW, EVERYBODY'S TRYING TO JUMP ON AT THE SAME TIME THAT EVERYBODY ELSE IS.
AND SO THAT'S, THAT'S PART OF THE PIECING THAT WE'RE, EVERYBODY'S PREPARED FOR WHAT IT IS, BUT THEN, UM, WOULD LOVE TO HAVE SUPPLEMENTATION FROM OTHERS AS WE GET MORE AND MORE, UH, CLOSE TO GOING.
AND THEN, UH, ONE, ONE FINAL POINT.
UM, SO ONE OF THE THINGS, AND THIS IS SORT OF USING THE, THE PLATFORM OF A, A PUBLIC MEETING TO, TO SAY THIS BECAUSE YOU'VE HIT ON A REALLY, THE REASON WE'RE HAVING THIS CONVERSATION IS A REALLY IMPORTANT PROBLEM IS THAT THE PERCEIVED AMBIGUITY AROUND, UM, UM, THE PFC, UH, WE CAN ONLY, UM, TAKE RESPONSIBILITY FOR THE, THE PFC.
UM, IN THE RECENT HOUSING COMMITTEE, UM, MEETING THAT WAS A BRIEFING OF THE HFC AND THE PFC, THERE WAS A VOTE TAKEN ON THIS GREEN, YELLOW, RED THING.
AND SO I'M LOOKING AT, AT COUNCILMAN WEST'S, UM, UPDATE ON THIS.
AND, UM, THERE ARE A COUPLE OF THINGS THAT I WANNA MAKE SURE THAT WE'RE, UM, UM, WE'RE ALL ON BOARD WITH, WHICH IS, UM, THESE ARE HIS WORDS.
THE COMMITTEE VOTED ORIGINALLY THREE TO TWO TO FOLLOW THE GREEN PATH.
AND I'LL EXPLAIN WHAT THOSE ARE.
BUT THEN THIS VOTE SHIFTED TO FOUR TO ONE TO FOLLOW THE GREEN PATH FORWARD.
REMEMBER, THIS WAS A STRAW VOTE, IT WAS NOT A, UH, FORMAL VOTE.
UM, THUS ALLOWING OUR NEW PFC AND HFC DEALS TO CONTINUE DURING THE BYLAWS REVIEW PROCESS.
SO, YOU KNOW, YEAH, WE'RE, AND WE'RE GONNA LOOK AT THAT HERE IN A SECOND.
OUR GOALS OF INCORPORATION AND THE, THE BYLAWS, UM, THOSE ARE, ARE TECHNICAL, UM, PIECES.
UH, IT DOESN'T PRECLUDE US FROM CONTINUING TO, UM, TO DO THIS WORK.
AND, UH, TO BE REALLY CLEAR, GREEN IS CONTINUE ACCEPTING DPFC PROJECT APPLICATIONS CONTINUE TO BRING, UM, BOARD APPROVED PROJECTS TO THE HOUSING AND HOMELESSNESS SOLUTIONS COMMITTEE AND COUNCIL, UM, FOR REVIEW WHILE PRO, WHILE THE PROCESSES AND BYLAWS, UM, ARE BEING REVIEWED.
SO, UM, THE, UH, THE PFC IS HERE.
IT'S A TOOL AVAILABLE TO, UM, FACILITATE A AFFORDABLE HOUSING IN THE CITY OF DALLAS.
AND, UH, AND WE'LL KEEP TAKING 'EM.
SO, UM, TELL YOUR EQUITY PARTNER.
WE'RE STILL HERE, WE'RE STILL WORKING.
UM, AND, UH, YEAH, SO THANK THANKS FOR, UH, ALL YOUR WORK IN THIS, KATIE.
DO YOU HAVE ANY OTHER QUESTIONS OR COMMENTS, QUESTIONS? SEEING NONE.
DO WE HAVE A MOTION? SO MOVED.
WE HAVE A MOTION TO APPROVE ITEM NUMBER NINE BY DIRECTOR CALLAS.
DO WE HAVE A SECOND BY DIRECTOR HANSEL, MOVE TO A ROLL CALL.
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HANSEL.STACY MARSHALL, WE HAVE STACY ON, OR DID HE DROP OFF? NO, HE'S HERE.
STACY, YOU HAVE TO HAVE YOUR CAMERA ON.
COULD YOU REPEAT YOURSELF HAVING TROUBLE, UH, HEARING YOU WHEN YOU CAME ON? STACY, CAN YOU HEAR ME? OH, THERE, IT'S, CAN YOU HEAR ME NOW? A LITTLE BIT.
I BLANKENSHIP VICTOR TOLEDO APPROVED KEN MONTGOMERY APPROVED MARK HOLMES APPROVED ALLEN TALLIS APPROVED KEVIN WINTERS.
OH, OUT LAUREL STONE APPROVED PHONE CALL APPROVED.
LET THE RECORD REFLECT THAT, UM, THE VOTE PASSED UNANIMOUSLY BY THE MEMBERS PRESENT.
MOVING ON TO ITEM NUMBER 10, DPFC, ARTICLES OF INCORPORATION AS AMENDED AND OR BYLAWS AS AMENDED DISCUSSION.
WE HAVE OF COURSE, APPROVED A SET OF BYLAWS, UH, CHANGES AND WE HAVE GOTTEN SOME FEEDBACK AS TO SOME OF THOSE CHANGES, AND WE WANTED TO HAVE A DISCUSSION ABOUT SOME OF THE SPECIFIC ITEMS BEFORE WE REDRAFT AND BRING BACK TO YOU MAYBE A NEW SET OF BYLAWS.
THE FIRST ITEM IS THAT APPARENTLY OUR BYLAWS SAY THAT WE DO NOT NEED TO REFER OUR PROJECTS TO THE CITY FOR APPROVAL, BUT THE STATE STATUTE SAYS THAT WE MUST HAVE THE APPROVAL OF THE CITY COUNCIL TO APPROVE ANY PROJECT.
AND SO WE DID NOT CHANGE THE LANGUAGE AND THE BYLAWS BECAUSE THE STATUTE OVERRODE WHAT WAS IN THE BYLAWS.
BUT I THINK WE SHOULD BE HAPPY TO MAKE THAT CHANGE AND JUST REFLECT THE STATE STATUTE.
SO THAT IS THE FIRST CHANGE THAT I'D LIKE TO RECOMMEND THAT WE ADD.
THE SECOND PROVISION THAT WE HAVE HAD SOME PUSHBACK ON IS THAT OUR BYLAWS CURRENTLY SAY IN SECTION 2.3 THAT THERE ARE REQUIRED QUALIFICATIONS FOR BOARD MEMBERS IN THAT WE HAVE TO HAVE, UM, LEMME GET TO THIS SECTION.
UH, WE MUST HAVE TWO INDIVIDUALS WHO HAVE FINANCIAL UNDERWRITING EXPERIENCE AND ONE DIRECTOR WITH REAL ESTATE LAW EXPERIENCE.
AND WE HAD REMOVED THAT SOLELY BECAUSE WE DO HAVE VACANCIES AND
AND THAT THERE WAS NOT A NEED TO DRAW LINES AND BE DEFINITIVE.
UM, AND SO THE QUESTION BECOMES, WE'VE BEEN ASKED TO LEAVE THOSE REQUIREMENTS IN.
UM, AND THE QUESTION IS, DO WE HAVE ANY OBJECTIONS TO LEAVING THOSE REQUIREMENTS? IT JUST MAKES IT HARDER FOR THE COUNCIL MEMBERS.
IF YOU GET DOWN TO A VACANCY, AND WE ARE SHORT, UH, LET'S JUST SAY THE ONE PERSON WHO HAS REAL ESTATE LAW EXPERIENCE, THEY MAY WANT TO APPOINT SOMEBODY WHO DOESN'T HAVE THAT EXPERIENCE AND THEY WOULD NOT BE ABLE TO, 'CAUSE WE HAVE TO MEET THOSE REQUIREMENTS.
SO IF THERE WASN'T SOMEBODY ALREADY WITH REAL ESTATE LAW EXPERIENCE, IT COULD PRESENT AN IMPEDIMENT TO A COUNCIL MEMBER APPOINTING THE PERSON THEY WANT.
ON THE OTHER HAND, QUITE FRANKLY, YOU GUYS ARE SO EXPERIENCED, I'M NOT SURE HOW MANY PEOPLE WE HAVE WITH REAL ESTATE LAW EXPERIENCE ON THE BOARD TODAY, BUT I THINK THERE'S SEVERAL.
UM, SO I THINK WE, I THINK WE ALREADY MEET THE REQUIREMENTS.
I'M NOT SURE THAT THIS IS THAT BIG OF AN IMPEDIMENT.
UM, AND IF IT IS SOMETHING THAT COUNCIL WANTS, THEN
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PERHAPS WE SHOULD LEAVE IT ALONE.UH, JIM, I'M OPENING THIS UP TO THE, TO THE BOARD DIRECTOR CALLUS AS IT RELATES TO THE BYLAW CHANGES ON ABSOLUTELY.
UM, I DO HAVE A CONCERN AS IT RELATES TO THIS ITEM BECAUSE WE ORIGINALLY HAD ASKED THAT THE AGENDA ITEM BE LABELED AS A DISCUSSION ON CORPORATE GOVERNMENTS.
AND I'M NOT SURE WHY OR HOW IT GOT CHANGED, BUT I AM CONCERNED THAT SOVEREIGNTY OF THIS BOARD AT TIMES IS BEING INFRINGED UPON BY, BY THE CITY.
AND AS MR. PLUMMER HAS INDICATED, WE ARE AN INDEPENDENT BODY.
WE ARE A BODY THAT WAS CREATED PURSUANT TO STATUTE BY THE CITY.
AND THIS BOARD SHOULD BE ALLOWED TO OPERATE AND, UH, OPERATE THROUGH ITS OWN GOVERNANCE WITHOUT INTERFERENCE FROM, I'M NOT GONNA BE SPECIFIC, BUT CERTAIN CITY PEOPLE.
UM, IF WE ASK TO HAVE AN ITEM AS BOARD MEMBERS ON THE AGENDA, EXCUSE ME, I EXPECT IT TO BE THERE OR IF IT'S GONNA BE CHANGED.
UM, IT NEEDS TO BE DISCUSSED AT, AT LEAST WITH OUR, UH, PRESIDENT.
UM, IF WE, UH, APPROVE A PROJECT AND THAT PROJECT IS SCHEDULED TO GO BEFORE THE CITY, I DON'T SEE HOW, IF THIS IS OUR, THE WISH OF THIS BOARD, HOW SOMEBODY IN THE CITY MAKES DECISIONS AS TO WHICH PROJECTS GO, GOES BEFORE THE CITY AND WHICH PROJECTS DON'T, OR WHETHER WE ACCEPT APPLICATIONS OR WE DON'T.
SO WE'RE EITHER GONNA BE AN INDEPENDENT BODY AND WE'RE GONNA GOVERN OURSELVES OR WE'RE NOT.
AND TO GET TO THE BOTTOM LINE, WHAT BOTHERS ME IS IF WE ARE INVITING AND ENTICING DEVELOPERS TO SUBMIT PROJECTS TO US, THEY ARE DOING SO AT THEIR EXPENSE.
AND IF WE ACT IN A MANNER THAT'S NOT IN BAD FAITH, THEN I CAN SAY WE'RE GONNA HAVE SOME, SOME LIABILITY.
SO I JUST WANNA GET THAT OUT ON THE TABLE.
AND I JUST WANNA MAKE SURE THAT GOING FORWARD WE CAN ACT AS A BOARD AND THAT OUR GOVERNANCE IS THIS BOARD AND WITHOUT INTERFERENCE FROM OTHER DEPARTMENTS WITHIN THE CITY.
FOLLOW UP QUESTION ON THAT, SAM, MAYBE YOU CAN ANSWER THIS IN THE BOARD PACKET.
UH, ITEM NUMBER 10, DISCUSSION.
IT READS DISCUSSION ON CORPORATE GOVERNANCE, BUT ON THE AGENDA THERE'S DIFFERENT VERBIAGE WHICH, UM, TAKES PRECEDENCE.
IT WOULD BE THE AGENDA THAT TAKES PRECEDENCE, BUT I THINK WHY WAS THAT, WHY IS THERE A CHANGE? WELL, WE, I, I WORKED WITH LISA TO, TO GET THE, UM, THE AGENDA APPROVED, AND THAT WAS THE LANGUAGE SHE RECOMMENDED BASED UPON OUR CONVERSATION.
UM, BUT I, I DON'T THINK THAT EXCLUDES GOVERNANCE SINCE THOSE ARE THE TWO MAIN THINGS THAT WOULD DICTATE HOW A CORPORATION GOVERNS ITSELF.
THE REVISION WAS BASED ON A QUESTION THAT I HAD FOR SAM ON THE TOPIC, AND BASED ON HIS RESPONSE, THAT'S HOW I MODIFIED IT.
SO IF THERE'S ANY MISCOMMUNICATION, THEN WE CAN WORK ON A PROCESS MOVING FORWARD.
BUT MY CLARIFICATION, I THINK WE MM-HMM,
I THINK WE DO NEED TO WORK ON A PROCESS GOING FORWARD SO THAT THE INTEGRITY OF THIS BOARD AND THIS BOARD'S ABILITY TO GOVERN ITSELF ISN'T INFRINGED UPON BY FIAT.
WITH SOMEBODY IN, IN, IN THE CITY.
AND I'M NOT SAYING, I'M NOT SAYING WE'RE NOT, WE RECEPTIVE TO RECOMMENDATIONS OR SUGGESTIONS FOR CHANGE, BUT THEY CAN'T BE DONE ON AN AD HOC BASIS WITHOUT CONSULTING, AT LEAST WITH, WITH, WITH OUR PRESIDENT.
THAT'S JUST NOT THE WAY, AND THAT'S FINE.
MY, I ASSUMED SAM WAS CONSULTING WITH THE PRESIDENT, SO AGAIN, WE CAN MODIFY OUR PROCESS MOVING FORWARD.
ASSUMPTION IS ONE OF THOSE VERY, VERY DANGEROUS THINGS THAT WE, WE ALL DO.
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NOTED.BUT AGAIN, I WAS WORKING WITH SAM ON THAT AND MY UNDERSTANDING WAS HE DISTRIBUTED THAT, 'CAUSE WE HAD A CANCELED MEETING BECAUSE OF THE, UM, I HAD SOME LACK OF INFORMATION, SO I WASN'T ABLE TO APPROVE THE AGENDA.
SO I THOUGHT HE HAD DISTRIBUTED THAT OVER A WEEK AGO.
I THINK THE POINT'S MADE, AND WE DON'T NEED TO BE BEAT IT UP, BUT, YOU KNOW, I THINK
IF WE ARE A SEPARATE CORPORATION, WHICH WE ARE, THEN THIS BOARD HAS BEEN AUTHORIZED BY MEMBERS OF THE CITY COUNCIL TO GOVERN THE AFFAIRS OF THIS CORPORATION.
AND I THINK THAT THAT NEEDS TO BE TAKEN INTO CONSIDERATION GOING FORWARD BECAUSE YEAH, ABSOLUTELY.
AND JUST TO BE CLEAR, THE BYLAWS PROVIDE THAT THE CITY ATTORNEY'S OFFICE, UH, REVIEWS, AGENDAS AND COUNSELS ON TOOMA, TEXAS OPEN MEETINGS COMPLIANCE AND ROBERT'S RULES.
I THINK WHAT WE, IF, IF A BOARD MEMBER ASKS TO HAVE AN AGENDA ITEM ON THERE, AND IF IT'S CHANGED, I THINK THAT THERE NEEDS TO BE, AND I'M NOT POINTING FINGERS AT ANYBODY, I'M JUST MAKING A POINT THAT THERE NEEDS TO BE BETTER COMMUNICATION.
SO THIS BOARD'S INTEGRITY IS NOT MANY WAY IMPUTE IN INFRINGED UPON.
AND AGAIN, TO THAT POINT, THE REVISION TO THE AGENDA ITEM WAS JUST TO COMPLY WITH TOMA.
I ASKED A QUESTION TO SAM ABOUT CLARIFICATION OF THE WORDING.
I MODIFIED IT BASED ON HIS RESPONSE.
THE REVISION WAS JUST TO COMPLY WITH THE OPEN MEETINGS ACT.
I WOULD LIKE THE DIRECTOR TO REFLECT THAT.
UH, DIRECTOR STINSON HAS JOINED.
ONE THING I WOULD LIKE TO COVER WHILE WE'RE HAVING A DISCUSSION OF BYLAWS, UM, UH, THE, WE WILL BE PROVIDING A COUPLE ADDITIONAL BYLAW CHANGES THAT, THAT ARE, HAVE BEEN DISCUSSED FOR YOUR REVIEW AND DISCUSSION.
BUT THE HONEST TO GOD TRUTH IS THE ONLY SOURCES OF INFORMATION THAT WE HAVE TO DATE ARE, UH, COUNCILMAN'S WES MEMO AND DISCUSSIONS BEFORE THE SUBCOMMITTEE.
UM, TO THE EXTENT THAT THERE ARE DISCUSSIONS GOING ON WITH THE DALLAS HOUSING DEPARTMENT, UH, OR THE DALLAS CITY ATTORNEY'S OFFICE WITH REGARD TO THE BYLAWS, I WOULD LIKE TO FORMALLY REQUEST IN AN OPEN MEETING THAT WE GET TOGETHER AND DISCUSS THEM, UM, I THINK IT IS IMPORTANT THAT THERE BE A DISCUSSION.
UM, TO THE EXTENT THAT THAT IS ANY COMMITTEE MEMBER OF CITY COUNCIL, YOU KNOW, WE, THIS BOARD WHILE IT IS INDEPENDENT, IS WILLING TO HAVE DISCUSSIONS AND TAKE ADVICE FROM THOSE INVOLVED.
AND SO, YOU KNOW, I THINK I WOULD PERSONALLY LIKE TO ASK THE CITY HOUSING DEPARTMENT, CITY ATTORNEY'S OFFICE, OR ANY MEMBER OF CITY COUNCIL, SHOULD THEY HAVE SPECIFIC REQUESTS REGARDING OUR BYLAWS TO OPEN UP A DISCUSSION, UH, WITH THE BOARD ABOUT THOSE ITEMS. UM, I'VE TALKED ABOUT THE THINGS THAT I'VE HEARD OF, BUT THAT'S ALL I'VE HEARD.
AND SO TO THE EXTENT THERE IS SOMETHING ELSE OUT THERE, UM, ANY ADDITIONAL CHANGES THAT, THAT OTHERS MAY WANT, UM, IT WOULD BE EXTREMELY HELPFUL AS COUNCIL TO THIS BOARD TO SIT DOWN AND HAVE AN ACTUAL DISCUSSION ABOUT OUR BYLAWS AND CHANGES THAT SOMEBODY ELSE IS GOING TO PROPOSE TO THE CITY COUNCIL.
BECAUSE TODAY THIS WILL HAVE TO BE APPROVED BY CITY COUNCIL.
I, I HONESTLY AGREE WITH THAT.
I THINK THE MORE WE DO OUT IN THE OPEN, THE MORE WE DISCUSSED ITEMS, ESPECIALLY WHEN IT COMES TO OUR BYLAW CHANGES THAT REFLECT HOW WE SPEND OUR MONEY, THAT
[00:40:01]
WAS, UH, THAT HAS BEEN DULY EARNED BY THE PFC, WE WANNA MAKE SURE IT GOES WHERE, UM, THIS BOARD AND COUNCIL WANTS IT TO GO.AND SO I THINK THAT IT, THAT IS, IT WOULD BE PRUDENT TO HAVE A MEETING, THE TIME AND PLACE OF THAT.
I DON'T KNOW YOU, BUT, YOU KNOW, BUT I THINK IT IS A GOOD IDEA.
UM, DO YOU SUGGEST, UH, ARE WE SUGGESTING THAT, UH, ARE YOU SUGGESTING THAT THERE WILL BE MORE CHANGES COMING TO THE BYLAWS AND SO WE DON'T NECESSARILY NEED TO VOTE ON CHANGE NUMBER ONE AND TWO THAT, UH, YOU MENTIONED? YES, SIR.
I, I, I THINK I JUST WANT THE BOARD TO BE AWARE OF WHAT I'M HEARING AND WHAT'S OUT THERE.
UM, I DO THINK THAT CERTAINLY THE CHANGE WITH REGARD TO CITY COUNCIL APPROVAL WE CAN MAKE WITHOUT ANY ISSUE.
UM, AND I THINK THERE MAY BE OTHER THINGS THAT IF WE TALK IT THROUGH, WE CAN GET TO A POSITION WHERE I HOPE THIS BOARD'S AUTONOMY REMAINS IN PLACE, BUT WITHIN THE GUIDELINES THAT THE CITY OF DALLAS, WHO IS ITS SPONSOR WOULD LIKE TO SEE.
AND SO, YES, I WOULD VERY MUCH LIKE TO HAVE OPEN DISCUSSIONS ABOUT WHERE WE NEED TO GO.
AND IF THAT'S IN FRONT OF THE CITY COUNCIL SUBCOMMITTEE, THEN SO BE IT.
WE HAVE NOT ACTUALLY HAD A CHANCE TO DISCUSS OUR POSITION WITH REGARD TO SOME OF THESE ITEMS. UM, AND SO I, I THINK THE ONLY WAY THIS IS GOING TO WORK TO ACHIEVE THE BEST RESULTS IS IF PEOPLE ARE TALKING AND IF WE ALL HAVE INPUT AS TO WHERE WE'RE GOING AND, AND IT'S GONNA TAKE SOME TIME.
SO IT'S TRULY IMPORTANT THAT WE BE ABLE TO CONTINUE OUR JOBS IN THE MEANTIME, BUT HAVE AN OPEN DISCUSSION ABOUT WHAT WE NEED TO ACHIEVE TO MOVE THIS ORGANIZATION FORWARD IN THE BEST MANNER IN THE FUTURE.
YEAH, THANKS FOR, FOR BRINGING THAT POINT UP, JIM.
UM, A COUPLE OF OF POINTS I WOULD LIKE TO, TO MAKE ON, ON THIS TOPIC.
UM, NUMBER ONE, I, I THINK WITH THE AGENDA ITEM THAT WE JUST TALKED ABOUT, WE SAW AN EXAMPLE OF STAFF MAKING UNILATERAL DECISIONS AND, UM, IN THIS CASE A SINGLE, UH, UNILATERAL DECISION.
AND THAT IS NOT THE AUTHORITY OF CITY STAFF.
UH, AND SO THESE CHANGES DO NEED TO BE DEBATED ON FROM WHAT THIS BOARD HAS ACCOMPLISHED WITH REGARD TO THE BYLAWS.
THOSE WERE, UM, PUBLIC, UM, THOSE WERE PRESENTED.
AND IN FACT, OUR RED LINE IS PUBLIC RECORD.
UM, YOU CAN GO AND LOOK AT THE CHANGES THAT WE'RE RECOMMENDING FOR, UM, FOR CHANGES TO THOSE BYLAWS.
AND I DON'T EXPECT ANYTHING LESS AS WE CONTINUE ON.
UM, SO THE EXTENT THAT, UM, HOUSING STAFF IS MAKING CHANGES, UM, TO THE BYLAWS, UM, THAT'S COMPLETELY, UM, INAPPROPRIATE AND, UH, AND, AND SOMETHING THAT WE SHOULD ALL GUARD.
UM, SO I'LL, I'LL LEAVE IT AT THAT.
UM, WE'VE DEBATED THESE CHANGES IN, UH, IN PUBLIC, IN A PUBLIC SETTING.
UM, WE HAVE APPROVED, UM, THE RECOMMENDATIONS IN A PUBLIC SETTING.
UM, AND NOW IT WOULD SEEM THAT THERE ARE, UM, UH, PERSPECTIVE CHANGES BEING MADE IN PRIVATE, UM, AND NOT AS PART OF THE, THE PUBLIC PROCESS AND SOMETHING THAT THAT'S SIMPLY UNACCEPTABLE AND NOT WITHIN THE SCOPE OF AUTHORITY OF CITY STAFF.
WE HAVE ANY OTHER COMMENTS FROM, UH, FELLOW DIRECTORS? WHAT, UH, WHAT I'D LIKE TO DO IS PUT THIS AS AN AGENDA ITEM FOR SAM FOR NEXT MONTH, UH, AS FAR AS DISCUSSION ON, UH, BOTH THE BYLAWS AS WELL AS, UM, CORPORATE GOVERNANCE SO WE CAN CONTINUE THIS DISCUSSION.
UM, I PERSONALLY THINK EVERYTHING SHOULD BE DONE IN PUBLIC, LIKE, LIKE WE'VE DONE WITH THE BYLAWS IN THE PAST.
AND IF CITY STAFF HAS SOME RECOMMENDATIONS TO THE BYLAWS, UH, I WOULD SUGGEST THAT THEY SEND THOSE TO US SO IT, WE CAN REVIEW 'EM AND LOOK AT 'EM WELL IN ADVANCE.
AND I'M HAPPY TO SAY THAT IN THIS PUBLIC FORUM BECAUSE I THINK THE BOARD MEMBERS HERE WOULD LIKE TO SEE WHAT, WHAT THE FUTURE OF THIS ORGANIZATION, UH,
[00:45:01]
WILL LOOK LIKE.AND WE CLEARLY HAVE A, A STAKE IN HAVING A SAY IN THAT.
UM, SO PERHAPS IF, IF STAFF COULD SEND US THEIR RECOMMENDATIONS BEFORE THE NEXT MEETING, ONES THAT THEY HAVE.
UH, I PERSONALLY READ THE, UH, COUNCILMAN WEST IS AN INCREDIBLE ADVOCATE FOR HOUSING.
UH, HE'S A PERSONAL FRIEND OF MINE AND HE KNOWS HE IS PROBABLY ONE OF THE BEST SOURCES OF HOUSING POLICY IN, IN DALLAS, TEXAS.
AND, UM, I DO, I MET WITH ONE OF HIS POLICY MAKERS, UH, ON HIS, ON HIS VOLUNTEER STAFF, AND HE MADE SOME VERY GOOD RECOMMENDATIONS TO EVEN THE CHANGES THAT THAT WE MADE.
AND, UH, MR. PLUMMER MENTIONED TWO OF THOSE.
AND, UH, I THINK THAT THEY SHOULD BE DISCUSSED AGAIN IN A PUBLIC FORUM BECAUSE I THINK THERE ARE GOOD IDEAS.
AND ONCE WE DISCUSS THINGS IN PUBLIC, WE CAN SEE THE GOOD IDEAS AND IF WE DISAGREE, WE DISAGREE WITH 'EM.
BUT COMING UP AT THE LAST MINUTE, A JANUARY MEETING OR SOMETHING, AND IT'S SAYING, HERE'S YOUR BYLAWS, AND WE'RE THE PEOPLE THAT HAVE TO VOTE ON THE BYLAWS,
SO WE CAN PUT IN OUR, OUR INPUT AS APPOINTED OFFICIALS OF THE CITY COUNCIL.
I'LL, I'LL REQUEST THOSE FOR YOU GUYS.
SO DO WE HAVE ANY OTHER COMMENTS ON ITEM NUMBER 10 UNTIL NEXT MONTH? IF WE HAVE A DECEMBER MEETING OR WHENEVER OUR NEXT MEETING IS, WE'LL, WE'LL HAVE, WE'LL HAVE TO SEE.
I'D LIKE IT TO BE ON THE NEXT AGENDA.
MOVING ON TO ITEM NUMBER 11, D-D-P-S-C BOARD OFFICER ELECTIONS DISCUSSION AND APPROVAL.
UM, I WOULD LIKE TO ENTERTAIN A MOTION.
I KNOW SINCE WE'VE BEEN GOING THROUGH THE BYLAWS, CHANGES AND EVERYTHING, UH, PEOPLE MIGHT NOT NECESSARILY KNOW WHAT THEY'RE GONNA BE PRESIDENT OR VICE PRESIDENT OF.
SO
UM, BUT WE DO HAVE AN ELECTION THAT IS DUE.
UM, I WOULD LIKE TO ENTERTAIN A MOTION THAT WE HAVE NOMINATIONS AND OFFICER ELECTIONS FOR THE EX FOR THE TERM, FOR THE NEXT TERM, UH, AT OUR JANUARY MEETING AS WELL.
SO MOVE, MOVE BY DIRECTOR TALLIS SECOND.
SECONDED BY DIRECTOR MONTGOMERY, CAN WE HAVE A ROLL CALL? VOTE PLEASE.
AND IF YOU HAVE AN INTEREST, UH, BECOMING AN OFFICER, UH, START THINKING ABOUT IT OVER THE HOLIDAYS.
UM, MOVING ON, ON TO NUMBER 12, DPFC, HIRING COMMITTEE BRIEFING AND DISCUSSION.
I'LL BE, I'LL BE FAIRLY BRIEF.
SO WHAT I THOUGHT I WOULD DO TO, TO INITIATE THE PROCESS IS REACH OUT TO PEOPLE AND TALK TO THEM AND, YOU KNOW, GATHER INFORMATION.
AND SINCE HFC WENT THROUGH THIS EXACT PROCESS THREE MONTHS AGO, SIX MONTHS AGO, WHAT HAVE YOU, I HAD A LONG CONVERSATION WITH MARCY HEFLIN, WHO'S OUR PRESIDENT, I BELIEVE.
UM, AND I'VE TALKED TO ERIN QUINTO, WHO, YOU KNOW, IF YOU'VE BEEN ON THE BOARD, WHO, WHO YOU ALL KNOW SINCE HE WAS PLUCKED OUT.
AND I GOT A LOT OF INSIGHT FROM HIM.
UM, ONE, ONE SUGGESTION HE, HE MADE, AND I I KINDA AGREE WITH IT, IS WE SHOULD PROBABLY TAP THE BREAKS FOR A COUPLE OF MONTHS GIVEN THE HOLIDAYS, GIVEN THE RED GREEN YELLOW DISCUSSION ANALYSIS, GIVEN THE UNCERTAINTY IN LAW PFC.
UM, AND HE'S LIKE, DON'T TRY TO RUSH THROUGH IT DURING THE HOLIDAYS.
IS, IS REALLY WHAT WAS HIS SUGGESTED? WHEN'S THE NEXT MEETING? WHEN'S THE HOMELESS HOUSING HOMELESS COMMITTEE FOLLOW UP? SAM, DO, DO YOU HAPPEN TO KNOW? UH, I THINK THAT DECEMBER, DECEMBER 11TH OR SOMETHING, OR LIKE DECEMBER 10TH.
OH, SO IT'S IN, IT'S NOT, IT'S NOT IN JANUARY.
THERE'S GONNA BE A, THERE'LL BE A COUNCIL, RIGHT? THERE'LL BE A SPECIAL CALL MEETING.
SO THE FIRST MONDAY OR WHATEVER THAT MONDAY, THAT MEETING IS
[00:50:01]
GONNA BE PUSHED BACK TO THE 29TH.AND SO THAT'LL BE A SPECIAL HELP MEETING.
SO, YOU KNOW, GIVEN THE UNCERTAINTY, UM, YOU KNOW, MY SUGGESTION WOULD BE LET'S, LET'S CONTINUE TO FIND INFORMATION, CONTINUE TO FIND CAN, UH, CANDIDATES AND I'LL, I'LL, YOU KNOW, I'LL HAVE A COMMITTEE MEETING, YOU KNOW, SOMETIME DURING THE HOLIDAYS AND THEN COME BACK A LITTLE FRESHER IN JANUARY AND SAY, THIS IS OUR, THIS IS OUR DEAL FOR WHAT HAVE YOU.
I HATE TO PUT MORE BURDEN ON STAFF TO CONTINUE AS WE'RE DOING, BUT I THINK THERE'S AREN'T, AREN'T THERE INTERCOMPANY, UH, YOU KNOW, ISN'T PART OF THE OVERHEAD OF STAFF COVERED BY US, THE POC YEAH.
SO ANYWAY, THAT WOULD BE MY SUGGESTION.
UM, I DON'T THINK, RATHER THAN TRYING TO GO HURRY UP AND GO FIND SOMEONE, YOU FIND THE RIGHT CANDIDATE, WHAT HAVE YOU.
IF THERE'S ANY QUESTIONS, I I, I'VE HAD SEVERAL CONVERSATIONS WITH A LOT OF DIFFERENT PEOPLE.
THE FACT THAT AVA CHAON, WHO I'M SURE YOU KNOW REALLY WELL, AND SHE'S NOW ON HER OWN DOING CONSULTING WORK, JUST, YOU KNOW, MAYBE SHE'S A PER, MAYBE IT'S JUST, YOU KNOW, JUST TO GETTING INPUT.
I EVEN REACHED OUT TO, UM, UH, KYLE UP IN DETROIT, SAID, DO YOU WANNA COME BACK HOME?
AND THAT'S A REAL CHALLENGE TO BRING IN SOMEONE WHO'S, WHO DOESN'T UNDERSTAND.
AND NOT THAT THERE'S ANYTHING WRONG WITH HOW THE CITY WORKS, I WOULDN'T OFFEND ANYBODY, BUT IT'S DIFFERENT.
AND IF YOU'RE NOT FAMILIAR WITH THAT, WHETHER IT'S THE CITY OF DALLAS OR ANOTHER CITY, YOU KNOW, THAT THAT WOULD, THAT WOULD BE A CHALLENGE TOO.
I MEAN THAT HE
I WAS IN THAT, I WAS IN THAT CHAIR.
THIS IS, THIS IS, YOU KNOW, KIND OF WALK THROUGH IT ALL.
SO RECEPTIVE TO THAT, I HAVE DIRECTOR.
I WOULD SAY THAT WE CONTINUE TO RELY ON YOUR COUNSEL IN THIS MATTER.
AND, UH, I WOULD SAY WHAT YOU SAID IS, SOUNDS LIKE A GOOD IDEA TO ME.
I DON'T, IT'S, IT'S NOT A BOOKABLE ITEM, BUT, UH, I THINK IT SOUNDS GOOD.
MOVING ON TO ITEM NUMBER 13, OCTOBER 29TH, 2024, HOUSING AND HOMELESS SOLUTIONS SPECIALLY CALLED MEETING, BRIEFING AND DISCUSSION.
YEAH, WE KIND OF TOUCHED ON THAT, UM, A BIT DURING OUR CONVERSATION, UM, WITH, UH, ABOUT THE, YOU KNOW, ITEM NUMBER PEN.
UM, AND IT SOUNDS LIKE THE, UH, GAME PLAN HERE IS GOING TO BE REQUESTING AN AUDIENCE, UM, WHICH IS WHAT I BELIEVE YOU GUYS WERE, YOU AND I HAD TALKED ABOUT KEITH BEFORE, SO I WAS JUST GOING TO BRING THAT UP.
UM, ANY ADDITIONAL THOUGHTS, UM, ON THE MATTER WOULD, YOU KNOW, BE APPRECIATED, BUT OTHERWISE, UH, STAFF WILL WORK WITH, UH, OUTSIDE LEGAL COUNSEL TO DRAFT SOMETHING UP.
AND, AND, UH, AS FAR AS THE MEMO GOES, CAN WE ASK LISA FOR SOME GUIDANCE ON SOME NEXT STEPS ON HOW TO FACILITATE THAT? YEAH.
LISA, WOULD YOU MIND, UH, UH, GIVING US A, YOU KNOW, QUICK RUNDOWN ON HOW, UH, WE MIGHT GO ABOUT REQUESTING, UH, AN AUDIENCE? I'M NOT SURE EXACTLY WHAT YOU MEAN BY AN AUDIENCE.
CAN YOU CLARIFY LIKE WITH, UH, I, I'M ASSUMING YOU GUYS WOULD LIKE AN OPPORTUNITY TO SPEAK AT HHS ABOUT, ABOUT THESE, UH, BYLAWS, UM, WHICH WERE DISCUSSED, UM, AND, AND ANSWER SOME OF THE QUESTIONS FROM THESE SPECIAL CALLED MEETING.
WELL, I'D LIKE TO SEE WHAT THE, UM, STAFF IS OFFERING BECAUSE, UH, IT'S MY UNDERSTANDING THAT THEY'RE GOING TO BE PRESENTING THAT WHAT THEY'RE DRAFTING TO THE COUNCIL, I WOULD DEFER TO HOUSING STAFF.
AND SO I THINK IT WOULD BE, UH, PRUDENT THAT, YOU KNOW, STAFF ALSO SHARE WITH US BEING THE GOVERNING BOARD, THEIR SUGGESTIONS SO WE CAN ALL GET ON THE SAME PAGE AND, UH, TALK IT OUT.
YOU KNOW, HAVE EVERYTHING IN OPEN AND, UH, RIGHT.
I WOULD DEFER TO HOUSING STAFF.
THIS IS NOT INITIATED BY THE CITY ATTORNEY'S OFFICE.
WELL, WE MIGHT PUT THAT ON A, JUST PUT IT ON THE AGENDA FOR THE NEXT MONTH'S MEETING.
UH, IF, WELL, LIKE I SAID EARLIER, IF THE HOUSING COMMITTEE IS NOT VOTING ON, WHICH I DON'T KNOW THE BYLAWS BEFORE WE HAVE A CHANCE TO REVIEW 'EM, BECAUSE IF THE HOUSING SUBCOMMITTEE'S VOTING ON BYLAWS THAT WERE NOT DRAFTED BY US BEFORE WE HAVE A CHANCE TO REVIEW 'EM, SORT OF GOING A LITTLE BIT BACKWARDS, I THINK, UH, YOU KNOW, WE, THAT'S, THAT'S WHY I, SO THAT THAT MY ONLY SUGGESTION IF YOU HAVE CONTACTS WITH THE COMMITTEE
[00:55:02]
THAT, UH, YOU RE RESPECTFULLY REQUEST THAT, THAT SINCE THE PFC HAS NOT SEEN A DRAFT OF THE BYLAWS, THAT WE SEE IT AND HAVE OUR INPUT TOO, SO THEY CAN SEE HOW THEIR APPOINTED REPRESENTATIVES THINK ABOUT IT.JUST VERY, SOMETHING VERY SIMPLE LIKE THAT, YOU KNOW, THAT WAY WE CAN ALL GET ON THE SAME PAGE AND, UH, YOU KNOW, WE CAN PROVIDE OUR COUNCIL PEOPLE SOME COUNSEL AS WELL
BUT, UH, I DON'T THINK THAT'S SOMETHING THAT SHOULD GO DIRECTLY FROM STAFF TO CITY COUNCIL THAT HASN'T COME TO US FIRST.
I MEAN, I, I THINK THEY HAVE SOME GREAT IDEAS AND I LOVE, I LIKE ALL THEIR IDEAS ACTUALLY.
I JUST SEEM TO THINK THAT WE OWE IT TO WHOEVER APPOINTED US TO LOOK AT IT FIRST.
WELL, WE'LL GO AHEAD AND, UH, MAKE SURE WE CAN GET THOSE FOR YOU GUYS.
AND, UM, IN REGARD TO THE HOUSING AND HOMELESS COMMITTEE MEETING, UM, I WAS ON THE AGENDA, JUST SO Y'ALL KNOW.
I SENT OUT A MEMO ON OCTOBER 29TH THAT, UH, UH, NEXT SAM, YOU SENT IT OUT TO THE REST OF THE STAFF, UH, I'M SORRY, NOT STAFF BE SENT OUT, REST FOR THE BOARD MEMBERS.
UM, I WAS ACTUALLY ON THE AGENDA TO SPEAK, BRIEFING OUT IN A 24 DASH 3 1 21.
I WAS TO SPEAK AT THE MEETING IN FRONT OF THE SAME HHS COMMITTEE, BUT THROUGH THE GRACE OF, UM, DEAR FRIENDS AND GREAT CITIZENS OF DALLAS COUNCIL MEMBER GRACIE AND COUNCIL MEMBER MARINO, THEY GRACIOUSLY EXTENDED THEIR PERSONAL TIME TO ME TO SPEAK MY STATEMENT ON BEHALF OF THE THIS CORPORATION.
I WAS NOT GRANTED TIME ON THE AGENDA TO SPEAK.
SO THEY HAD, EVEN THOUGH I WAS ON THE AGENDA, UM, I GUESS TIME RAN OUT BEFORE THEY HAD A CHANCE TO GET TO ME.
BUT I WANNA SAY I REALLY DO APPRECIATE A LOT, UH, COUNCIL MEMBER GRACIE AND COUNCILMAN MARINO.
WERE ON BEHALF OF THIS BOARD BEING ALLOWED TO READ A STATEMENT THAT I WASN'T ALLOWED TO READ ON THE AGENDA.
DO WE HAVE ANY OTHER FURTHER DISCUSSION ON ITEM NUMBER 13 FOR QUESTIONS? VERY GOOD.
MOVING ON ITEM NUMBER 14, DPFC ON PROPERTY MONITORING PROCEDURES, BRIEFING AND DISCUSSION.
YEAH, SO THE, UH, PROPERTY MONITORING PROCEDURES THAT WE'VE DISCUSSED SO FAR, UM, DURING THE CONSTRUCTION STAGE, UH, WE HAD TOUCHED, WE HAD TOUCHED BASE ABOUT, YOU KNOW, UM, PASSING THAT COST TO ALL IN, IN THE FUTURE TO OUR, UH, DEVELOPERS.
UM, BUT THERE'S STILL A FAIR AMOUNT THAT'S IN OUR PORTFOLIO THAT WOULD NOT, I MEAN, WE JUST DON'T, IT'D BE TOUGHER TO ARGUE THAT CASE.
SO, UM, WE PULLED A COUPLE, UM, QUOTES FROM PEOPLE WHO DO THE MANAGEMENT, UH, 3 0 1 MONITORING, CONSTRUCTION MANAGEMENT STUFF ON THE FRONT END, AND, UH, AS WELL AS THE, UH, A COUPLE, UH, PROPERTIES THAT, I'M SORRY, PROPERTY MANAGEMENT COMPANIES THAT, THAT DO LIKE RENT VERIFICATION, INCOME VERIFICATION, UH, DOCUMENT TRACKING, UH, COMPLIANCE, UM, THINGS OF THAT NATURE, UH, IN ORDER TO MAKE SURE WE ARE STAYING COMPLIANT.
UM, AS OF RIGHT NOW, COMPLIANCE IN THE HOUSING DEPARTMENT IS SETTING UP, UH, THE DPFC ASSIGNED STAFF TO MONITOR THEM ON OUR OWN.
BUT I DIDN'T KNOW IF YOU GUYS WANTED TO STILL TRY TO ALLEVIATE SOME OF THE, I DON'T KNOW, RISK BY, BY SETTING UP YOUR OWN MONITORING PROCEDURES.
UM, SO I GOT, I PUT IN, UH, A COUPLE DIFFERENT LITTLE ARTICLES THERE AND, AND I CAN PULL A FEW MORE, UM, AND PRESENT THEM FULLY, BUT REALPAGE WAS THE KIND OF THAT MIDDLE INCOME, UH, AS FAR AS, UH, OR THE MEDIUM PRICE, AND IT SEEMED LIKE A GOOD BANG FOR HIS BUCK.
AND THEN, UM, THE ADDITIONAL, UH, C-B-C-C-I, UM, GUYS, THEY, THEY ARE WHO CURRENTLY USE ABILITY TO GET AN EMERGENCY EXPENSE OF WHEN ASSET MANAGEMENT TEAM DIDN'T,
[01:00:02]
UH, SHOW UP FOR JAKE.UM, AND THEY ALSO DID THE WINDOW BOARDING, THEY DID THINGS OF THAT NATURE.
SO I THREW THEIRS IN THERE AS WELL.
UM, BUT WANTED TO MAKE SURE WE, WE KEPT THAT ON OUR RADAR.
IF YOU GUYS WANT ME TO KEEP PULLING QUOTES OR GET A, ANYONE WHO YOU GUYS THINK, UH, THAT WE SHOULD GIVE A CHANCE TO, UM, INVOLVED IN THIS CONVERSATION BEFORE BRINGING IT ALL TO THE FULL BOARD.
WELL, ANN, I WOULD SUGGEST THAT, UM, WE MAKE SURE THAT EVERYTHING WE DO IN THIS REGARD IS, UH, TRANSPARENT AND UPFRONT AND THEN WOULD PROBABLY USE, UH, A, A REQUEST FOR QUOTE.
UM, YES, I, THAT'S WHAT I DON'T KNOW.
THAT'S, I WOULD PERSONALLY SUGGEST WE'RE COMPLIANCE.
IF WE'RE FOUND LATER THAT SOME OF OUR PROPERTIES ARE OUT OF COMPLIANCE, IT LOOKS, YOU KNOW, IT'S JUST NOT GOOD IF WE HAVE TO KEEP UP WITH IT.
AND IF WE CAN'T DO IT WITH CURRENT STAFF, YOU KNOW, AT LEAST NOW, UM, WE SHOULD BE ABLE TO PUT IT IN OUR BUDGET TO, UH, TO HAVE COMPLIANCE DONE WITH, YOU KNOW, WITH AN OUTSIDE SOURCE.
UM, WE NEED TO MAKE SURE THAT, UH, AND IT'S, IT IS A LOT OF WORK TOO.
I KNOW IT'S A LOT OF PAPERWORK, SO IT DOES TAKE A, PROBABLY TAKES A FULL STAFF PERSON I WOULD THINK, WITH THE AMOUNT OF PROPERTIES THAT WE HAVE RIGHT NOW.
UM, BUT I WOULD SAY THE NEXT STEP ON THAT ITEM WOULD BE TO, UH, REFER TO THE FINANCE COMMITTEE TO, UM, CHECK OUT, UH, A RE REQUEST FOR QUOTE OR COMPLIANCE.
WE MIGHT NEED YOUR HELP ON THE GETTING THAT SET UP.
I DON'T THINK WE NEED TO VOTE TO, DO WE NEED TO VOTE TO SUBMIT TO THE, I DON'T THINK WE NEED TO VOTE, BUT I, I, YOU CERTAINLY AGREE WITH YOUR THOUGHTS AND WOULD GO ONE STEP FURTHER AND SAY, THIS SHOULD BE A COST IMPOSED ON THE DEVELOPERS.
UM, I WOULD RATHER HAVE A THIRD PARTY DO IT BECAUSE IF THEY SCREW UP, WE HAVE RECOURSE.
IF THE CITY DOES IT CAN'T SUE YOURSELF.
SO, UM, I THINK THIS IS VERY, VERY IMPORTANT AND PARTICULARLY GIVEN THAT WHAT WE DO IS UNDER A MICROSCOPE ALL THE TIME.
UM, EL SUSPENDERS THIRD PARTY, JIM, I, I'M SORRY.
UH, JIM, UH, ELLEN, I AGREE WITH THAT.
JIM, IS THAT SOMETHING THAT, UH, WE CAN, I DON'T EVEN KNOW THE COST OF IT.
YOU MIGHT KNOW BETTER THAN US.
UH, IS THAT SOMETHING THAT SORT OF LIKE A, UM, WHAT KIND OF TEXT ARE WE TALKING ABOUT HERE? THE, UH, WELL, THERE ARE TWO DIFFERENT TYPES OF COMPLIANCE THAT I THINK WE NEED TO CONSIDER.
ONE OF WHICH IS TAKEN CARE OF.
EVERY DEAL THAT WE HAVE DONE SINCE THE VERY FIRST DEAL REQUIRES AN ANNUAL AUDIT OF COMPLIANCE CONDUCTED BY A THIRD PARTY.
NOW, EVERY DEAL THAT WE HAVE DONE HAS AN ANNUAL AUDIT TO BE SUBMITTED TO THE T-D-H-C-A WITH THE TDHC, A REVIEW OF THE PROJECT.
SO EVERY YEAR FROM A LOW INCOME SET ASIDE COMPLIANCE PERSPECTIVE, WE ALREADY HAVE THAT IN OUR DOCUMENTS AND IT'S CONDUCTED BY A THIRD PARTY AND IS TO BE TURNED OVER TO US.
I THINK THAT, I'M SORRY, GO AHEAD.
I THINK THE OTHER SIDE OF COMPLIANCE IS, IS FAR MORE A PHYSICAL PROJECT ISSUE.
AND IT HAS CREATED A SIGNIFICANT PROBLEM.
AND I DO THINK THAT ANYTIME WE HAVE A PROJECT WHERE WE ACQUIRE THE REAL ESTATE PRIOR TO THE BEGINNING OF CONSTRUCTION, UM, WE DO DEFINITELY NEED SOME COMPLIANCE.
AND WE, WE, WE NEED TO MAKE SURE THAT THE PROPERTIES ARE, ARE ADEQUATELY SECURED.
THEN THE ONLY OTHER COMPLIANCE THAT WE MAY WANT OR NEED, UM, IS A PHYSICAL INSPECTION TYPE OF COMPLIANCE TO MAKE SURE THAT THE PROJECT IS BEING MAINTAINED, MAINTAINED OR INSPECTIONS DURING CONSTRUCTION TO MAKE SURE THAT IT'S BEING, I KNOW THAT I KNOW THE HOUSING OR CODE PEOPLE INSPECT IT, BUT WE MAY WANNA HAVE OUR OWN INSPECTION PROCESS DURING THE PENDENCY OF, OF CONSTRUCTION, BUT THAT'S, IF THIS IS GONNA BE TURNED OVER TO THE FINANCE COMMITTEE, THAT'S SOMETHING THAT WE
[01:05:01]
CAN DISCUSS WITHIN, YOU KNOW, WITH, WITHIN THE COMMITTEE.AND I, I, ALONG THE SAME LINES, SO I SAM ALWAYS FEEL FREE, UM, YOU KNOW, SO WE DON'T END UP WITH A 9 9 9 9 TECHNOLOGY BOULEVARD SITUATION.
IF Y'ALL SEE SOMETHING HAPPENING IN ADVANCE, YOU'RE NOT GETTING ANY, UH, ANSWERS FROM THE DEVELOPER.
UM, MR. BROWN HAS BEEN VERY CORDIAL TO COME TO OUR MEETINGS AND GIVE US AN UPDATE.
JUST, UH, JUST LET PEOPLE KNOW, UH, THAT IF WE HAVE PROBLEMS AND THEY'RE NOT ANSWERING STAFF OR WHOMEVER, UM, WE CAN ASK THE DEVELOPER TO COME TO US AND GIVE US AN UPDATE THEMSELVES BECAUSE WE DID NOT WANNA END UP WITH A SITUATION LIKE WE DID UP THERE DISTRICT SIX EVER AGAIN.
AND SO IF SOMETHING LOOKS LIKE IT'S ON THAT PATH,
SO WE DON'T HAVE ANY SURPRISES COME UP IN THE PRESS OR, OR WITH PUBLIC SAFETY OR ANYTHING, BUT, AND I, I APPRECIATE THAT.
I MEAN, ANY, ANY OTHER COMMENTS ON ITEM NUMBER 14? MOVING ON, ITEM NUMBER 15, DPFC 2024 ANNUAL REPORT DISCUSSION, SAM, THAT, UM, UH, ONE, WE HAVE TO PUT TOGETHER A, UH, AN ANNUAL REPORT EACH YEAR, UH, FOR THE BOARDS AND COMMISSIONS FOLKS.
AND, UM, WE'RE IN THE PROCESS OF DRAFTING ONE JUST BASED OFF OF OUR, OUR LAST ONE THAT, UH, YOU PUT TOGETHER KEITH, UM, TO SEND OVER TO YOU FOR REVIEW AND MAKE YOUR REDS TO BOARD.
WE SEND IN, PUT, I JUST WANTED TO PUT THAT ON YOUR RADAR THAT I'D BE COMING.
UM, AND IT'S, IT'S DUE BEFORE THE END OF THE YEAR, SO JUST WANTED TO TALK ABOUT THAT AND YOU, AND LET YOU KNOW IT'S COMING.
UH, MOVING ON ON UNDER 16 DPFC WEBSITE BRIEFING AND DISCUSSION, SAM.
YEAH, SO THE WEBSITE'S COMING ALONG, UM, AND THE LOGO IS KIND OF MOVING A BIT FASTER.
UM, SO I WANTED TO, OR NOT ME RATHER, THE COMMUNITY ENGAGEMENT BOARD WANTED TO, OUR COMMITTEE WANTED TO PUT THESE LOGO DESIGNS IN FRONT OF YOU GUYS TO KIND OF GET
IT WAS DESIGNATED THEM, BUT THEY, THEY WANTED TO MAKE SURE THEY GOT EVERYONE'S INPUT BEFORE, UH, MAKING THEIR FINAL DECISION.
WHEN DO WE GET A T-SHIRT,
BUT, UH, KEVIN WAS GOING TO SPEAK ON THIS A LITTLE BIT MORE, UH, LAUREL OR MARK, WOULD YOU GUYS CARE TO, UH, SHARE A LITTLE BIT MORE ABOUT THE PROCESS AND, UH, OUR FRONT RUNNERS SO FAR? YEAH, WELL, I'M NOT MISTAKEN.
SO I THINK, UH, MRS. DIRECTOR HOLMES, UH, AND CERTAINLY ONE BY LAUREL'S INPUT, UH, NO, WE'RE TRYING TO BE, UH, YOU KNOW, WORKING WITH THE, UH, DEVELOPMENT, UH, WEB DEVELOPMENT COMPANY AND THE LOGOS.
WE'RE JUST TRYING TO BE, YOU KNOW, UH, TRYING TO COME WITH SOME OF THESE FAIR REPRESENTATIVE, VERY, UH, YOU KNOW, IN TERMS OF COMMUNITY OUTREACH KIND OF MESSAGES THROUGH OUR LOGO AND EVERYTHING, YOU KNOW, EVERYTHING WE'RE ABOUT.
SO, YOU KNOW, IN TERMS OF THE BACK AND FORTH ON THE LOGO DESIGN AND KIND OF WHAT WE WANNA PRESENT THROUGH OUR DIGITAL PRESENCE, UM, IT'S, UH, IT'S, IT'S MEANT TO, UH, BE INVITED TO ALL OUR STAKEHOLDERS, WHETHER THAT'S THE PUBLIC, UH, WHETHER THAT'S THE DEVELOPMENT COMMUNITY, UH, WHETHER THAT IS OUR TENANT, OUR RESIDENTS, UM, THAT'S, UH, THAT'S KIND OF OUR, OUR NORTH STAR IN TERMS OF THE WAY WE'VE BEEN LOOKING AT THE LOGOS AND, UH, EVERYTHING WE WANT TO BE IN TERMS OF OUR DIGITAL PRESENCE, UH, AND ELSEWHERE IN TERMS OF THE WAY WE DO ENGAGE WITH THE COMMUNITY AT LARGE.
UM, SO HOPEFULLY, UH, LIKE I SAID, I THINK, UH, ONE OF THE THINGS THAT, UH, KEVIN SIGNALED AS THE, AS THE COMMITTEE CHAIR WAS THAT, YOU KNOW, WE WANT TO KEEP THIS WORK PROGRESSING, UH, JUST LIKE WE ARE WITH ALL OUR WORK STREAMS AND, UH, BUT MAKE SURE THAT WE'RE ALIGNED WITH OUR FELLOW BOARD MEMBERS AND, AND STAFF IN TERMS OF, UH, WHERE WE WANT TO ULTIMATELY LAND THIS.
AND LAURA, I DON'T KNOW IF YOU'VE GOT ANYTHING YOU WANT TO ADD IN AS WELL?
[01:10:04]
UM, NO.I THINK OF, OF, UH, YOU GUYS RECEIVED THE INTERNAL PACKET, UM, OF WHAT WE'RE LOOKING AT, AND I THINK OPTION TWO IS, I THINK WHAT IS THE, THE FAVORITE RIGHT NOW AND WHAT WE'RE MOST LIKELY PROCEEDING WITH.
UM, WE TRY TO INCORPORATE SOME OF THE BACK AND FORTH WITH THE, WITH THE DESIGNER WAS TO INCORPORATE THE, UM, THEY HAD INITIALLY PROPOSED CARRYING IN THE BANDING FROM THE CITY OF DALLAS LOGO, AND WE JUST ADDED THAT EXTRA BAND TO MAKE IT CONSISTENT WITH THE CITY OF DALLAS.
AND WE WERE REALLY TRYING TO GET AWAY FROM THE SINGLE FAMILY IMAGERY THAT IT STARTED WITH BECAUSE IT IS PERTAINING MORE TO MULTIFAMILY PROJECTS.
UM, AND THEN WE'VE HAD SOME BACK AND FORTH ON THE INDIVIDUAL SYMBOLS THAT YOU SEE IN THE LOGO AS WELL, UM, TO TRY TO KEEP THEM BROAD AND, UM, AS SELF EXPLANATORY AS POSSIBLE.
SO I THINK, UH, YEAH, I THINK WE, I THINK WE'RE THERE.
UM, WE JUST WANTED TO SHOW THE REST OF THE COMMITTEE IN CASE THERE WAS ANY, UM, SIGNIFICANT FEEDBACK WE NEEDED TO HEAR.
I, I THINK Y'ALL DOING A GREAT JOB.
UH, I'M JUST CURIOUS THOUGH, SINCE SOME OF IT DOES LOOK LIKE IT USES PART OF THE CITY OF DALLAS LOGO, DO YOU HAVE TO GET, I GUESS YOU ASSUME YOU NEED TO GET LEGAL SIGN OFF IN THE CITY? WE WILL, WE'LL NEED TO TOUCH BASE WITH, UM, THE CITY, UH, COMMUNICATIONS, WHATEVER DEPARTMENT DOES IT.
BUT I'M SEE CINDY IF, YOU KNOW, MENTIONED THAT TO US, BUT I DON'T FORESEE THAT BEING AN ISSUE.
AND WHAT'S THE NEXT STEP FROM HERE? NEXT STEP IS TO MEET WITH THE COMMUNITY ENGAGEMENT COMMITTEE.
UM, AGAIN, TO KIND OF GET ANY FEEDBACK, UM, YOU KNOW, OR TO, YOU KNOW, HAVE THEM TAKE Y'ALL'S FEEDBACK AND, AND KIND OF MAKE A DECISION ON THIS, WHETHER OR NOT WE WANNA PICK ONE AND WE'LL MAKE A FEW ADDITIONAL REVISIONS AND, UH, THEN KIND OF FINALIZE THAT AND, AND THAT'S BASICALLY GOING TO BE COMPLETE AT THAT POINT.
AND SO HAVE PROPERTIES LISTED ON THE WEBSITE AND PERHAPS, UH, YOU KNOW, WAYS PEOPLE GET IN TOUCH ABOUT RENTING THE PROPERTIES AND, OR EVEN IF THEY HAVE A COMPLAINT OR SOMETHING, YOU KNOW, SORT OF ALL INCLUSIVE.
YEAH, WE ARE GOING TO HAVE A MAP PARK PROPERTIES, UM, IN DIFFERENT STAGES.
WE'RE, WE'RE GOING TO HAVE CONTACT INFORMATION FOR THE LEASING OFFICES FOR OUR PROPERTIES SO THEY CAN GET IN TOUCH.
WE ARE GOING TO HAVE KIND OF A MESSAGE BOARD LIKE, HEY, IF YOU, IF YOU, YOU KNOW, WANNA LET US KNOW ANYTHING, YOU KNOW, SHOOT US AN EMAIL, UH, OR YOU KNOW, IT, IT'LL, IT, YOU KNOW, A MESSAGING SYSTEM THAT FORWARDS TO, UH, EMAIL ADDRESSES AND, AND OF COURSE ANY COMPLAINTS, WE WILL BRING THEM ALL TO, UH, IN FRONT OF YOU GUYS OR IN, IN FRONT OF, UH, WHOEVER YOU GUYS DICTATE TO, YOU KNOW, ADDRESS THAT.
ANY OTHER COMMENTS ABOUT ITEM NUMBER 16? WE'RE ALMOST THERE.
DPSC PIPELINE REPORT BRIEFING AND DISCUSSION, SAM.
SO THERE'S NO MAJOR UPDATES TO OUR, UH, PFC PIPELINE, UM, EXCEPT FOR OUR NEW, UH, FINALLY APPROVED, UH,
UH, EVERYTHING ELSE IS KIND OF LOOKING ALONG.
I'VE BEEN, I'M FAIRLY CERTAIN THAT WE'RE, I SAY THIS EACH MONTH, I'M FAIRLY CERTAIN WE'RE GONNA CLOSE ON THE BLOCK APP STEEL.
UM, EXCUSE ME, SAM, BEFORE WE GET TOO FAR ALONG IN THE LOGO DISCUSSION.
SO THERE'S STRICT RESTRICTIONS ON USE OF THE CITY LOGO.
I WOULD DEFINITELY REACH OUT TO THE COMMUNICATION STAFF AND THE RELEVANT CITY ATTORNEY WHO DEALS WITH, UM, THE CITY LOGO.
YEAH, WE, WE PLANNED ON GETTING TO A KIND OF A FINAL THING BEFORE TOUCHING BASE WITH THEM, BUT I GUESS WE'LL GET THEM INVOLVED IN THE CONVERSATION.
CAN CAN WE GO BACK TO THAT ITEM SINCE WE'VE ALREADY MOVED? UM, FOR THE NEXT ONE? WELL, I WANTED TO TOUCH BASE ON THAT BECAUSE I SAID LIKE THAT I SAID WE WERE ABLE TO GO BACK TO THAT AGENDA ITEM.
SO AGAIN, I DIDN'T WANT THERE TO BE ANY MISREPRESENTATION MADE TO THE BOARD ABOUT THE CITY LOGO.
SO WE'RE GOING BACK TO THE AGENDA ITEM.
I'M JUST MAKING THAT COMMENT SO THAT SAM KNOWS HE NEEDS TO REACH OUT.
I THINK TO COMMUNICATIONS, LISA, WE MOVED ON FROM THAT AGENDA ITEM.
I'M CONCERNED ABOUT, UM, BEING OUT OF COMPLIANCE BY GOING BACK TO IT.
[01:15:01]
MUCH.UM, SO YEAH, I, I'M FAIRLY CERTAIN WE'RE GONNA CLOSE THAT, UH, THE, UH, BLOCKHOUSE DEAL AND, AND THEN THAT'LL BE, UM, GOT THE LIST AS WELL.
BUT ANY QUESTIONS OR CONCERNS ABOUT EVERYTHING? ANYTHING? NO CONCERNS REPORTS? GREG, ARE YOU GETTING A LOT OF CALLS? ARE YOU NOT GETTING AS MANY CALLS? WHAT'S THE WE'RE STARTING TO GET MORE CALLS RIGHT NOW ASKING ABOUT OUR APPETITE.
UM, I FEEL LIKE WITHIN THE NEXT COUPLE MONTHS WE'LL PROBABLY HAVE, UM, ONE OR TWO APPLICATIONS IN EVERYTHING THAT I'VE, I'VE BEEN LOOKING AT.
UM, AND, AND I THINK THEY'RE, THEY'RE GOOD CANDIDATES FOR, UH, OUR PORTFOLIO.
AND IF YOU DO A NOFA WITH THE CITY, YOU TYPICALLY DO A, AN INTENT TO FILE A, YOU KNOW, SUBMIT A NOFA APPLICATION.
DO YOU HAVE A SIMILAR PROCESS OR DO YOU JUST WAIT ON THE ENTIRE APPLICATION IN PRO FORMA? JUST CURIOUS.
YEAH, IT'S, AS OF RIGHT NOW, IT'S, IT'S JUST, YOU KNOW, I, I TOUCH BASE WITH THE DEVELOPERS.
THEY REACH OUT EITHER TO ME OR TO COUNCIL MEMBER OR TO THE DEPARTMENT.
THEY PUT 'EM IN TOUCH WITH ME.
UM, I WALK 'EM THROUGH THE APPLICATION PROCESS, TELL 'EM OUR FEES, UH, TELL 'EM, YOU KNOW, KIND OF OUR, WHAT OUR GENERAL PORTFOLIO LOOKS LIKE AT THIS POINT IN TIME.
AND THEN, UH, TELL 'EM WHETHER OR NOT I THINK THEY GOT A NO GO.
I MEAN, SOME, SOME PEOPLE ARE COMING IN LOOKING TO TRY TO BUILD A QUADPLEX WITH US.
AND, AND IT'S NOT GONNA, THAT'S NOT, DOESN'T EXACTLY FIT.
UM, SO YEAH, WE, UM, WE HAVE FOUR THAT WE'RE WORKING, UH, RIGHT NOW.
UM, AND IT'S ON MY JAMES ORG TODAY TO, TO SEND FOLLOW UP EMAILS, BUT A COUPLE THAT ARE REALLY, REALLY COOL, I DON'T WANNA, WE'RE PROMISING.
GOES INTO HIRING, IT GOES INTO A LOT OF DIFFERENT, DIFFERENT FACTORS, RIGHT? RIGHT.
BUT IN THE PAST, JUST TWO MONTHS, I'VE SEEN A LOT, A LOT MORE ACTIVITY AS FAR AS, UH, PEOPLE REACHING OUT.
NOW MOVING ON TO ITEM NUMBER 18 AND, UH, JUST WANNA SAY THANK Y'ALL TO EVERYBODY IN THE LONG ADJOURNMENT ANNOUNCEMENT.
NOT LONG, BUT WANTED TO THANK, UH, BRACEWELL, UH, THANK, UH, CITY ATTORNEY MERIS, UH, THANK YOU TO ALL MY FELLOW BOARD MEMBERS.
WE HAVE A LOT TO BE THANKFUL FOR IN THIS GREAT CITY OF DALLAS.
AND, UH, YOU KNOW, WE'RE DOING EVERYTHING WE CAN TO DO MORE AFFORDABLE HOUSING AND, UH, WE HAVE A LOT OF GOOD BOARD MEMBERS HERE AND I APPRECIATE EACH AND EVERY ONE OF YOU AND EVERYTHING THAT Y'ALL ARE DOING.
AND, UH, JUST TO LET YOU KNOW ON THIS THANKSGIVING WEEK THAT WE DO INDEED HAVE A LOT TO BE THANKFUL FOR, WE HAVE ONE MEMBER, AS YOU KNOW, WHO IS NO LONGER WITH US IN THIS CALENDAR YEAR, UH, FROM DISTRICT SIX.
AND SO, UH, I, I'M THANKFUL EVERY DAY I WAKE UP.
SO, UH, UH, THANK Y'ALL FOR, FOR YOUR SERVICE AND I HOPE MARK, DIRECTOR HOLMES, YOU HAVE YOUR HAND UP? YES, MR. PRESIDENT.
UH, UNLESS THE RECORD REFLECTS OTHERWISE, I DON'T BELIEVE WE APPROVED THE MINUTES FROM THE PRIOR MEETING, SO I DUNNO IF WE CAN LOOK BACK REAL QUICK AND SEE, BUT I DUNNO THAT WE DID THAT BEFORE WE ADJOURNED.
THAT DID GET THREE, FIVE, AND I DON'T KNOW THE LEGALITY, UH, LISA, ARE WE, YOU DON'T HAVE IT AS YES, AS LONG AS IT'S, YEAH, YOU CAN TAKE ITEMS OUT OF ORDER.
I DON'T BELIEVE, UH, AT LEAST IN MY PACKET, I DIDN'T, SHOULD HAVE BROUGHT THAT UP.
I DIDN'T SEE A COPY OF THE MINUTES.
UM, WELL, WE'LL, WE'LL APPROVE UNLESS THERE'S YEAH.
ANY SPECIAL NEED APPROVAL NEXT MONTH.
YOU GONNA TAKE APPROVAL? NEXT ONE? BUT THEY WERE IN, I DON'T KNOW HOW THEY GOT LEFT OUT.
UM, THEY WERE IN WHAT I CHECKED, UH, YESTERDAY, BUT MAYBE ENDED IT OUT BEFORE IT SEND OR SOMETHING ALONG THOSE LINES.
BUT, UM, YEAH, WE CAN, THERE'S NOTHING SPECIAL ABOUT HIM.
I'D LIKE TO ENTERTAIN A MOTION TO ADJOURN MOVE BY DIRECTOR TALLAS.
SECONDED BY DIRECTOR MONTGOMERY.
YOU ADJOURN AND HAVE A HAPPY THANKSGIVING.