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VERY GOOD.[Public Facility Corporation Meeting on December 17, 2024.]
MY NAME IS KEITH AL, PRESIDENT OF THE DALLAS PUBLIC FACILITIES CORPORATION.AT THIS TIME, I WOULD LIKE TO CALL THE DECEMBER 17TH, 2024 DALLAS PUBLIC FACILITIES CORPORATION BOARD OF DIRECTORS.
MEETING TO ORDER AT 12:12 PM MOVING ON ITEM NUMBER TWO, ROLL CALL SAMUEL.
SCOTT, ARE YOU THERE? STACY MARSHALL? PRESENT.
A QUORUM HAS BEEN ESTABLISHED.
THANK YOU ALL VERY MUCH FOR ATTENDING THIS MEETING ON THE 17TH DURING THIS HOLIDAY SEASON.
UH, MOVING ON TO ITEM NUMBER THREE, PUBLIC TESTIMONY.
DO WE HAVE ANY PUBLIC COMMENTS ON ITEMS FOUR THROUGH 13? HAVE ANY PUBLIC COMMENTS? HAVE ANYONE SIGNED UP HERE IN PERSON OR ONLINE? SAM, NOTHING IN PERSON CHECKING ONLINE RIGHT NOW.
I DO NOT HAVE ANYONE ONLINE SEEING, NO, NO ONE STEPPED FORWARD IN PERSON AND NO ONE ONLINE.
I DO NOT SEE ANY PUBLIC TESTIMONY FOR ITEM NUMBER THREE.
MOVING ON TO ITEM NUMBER FOUR, COMMUNITY ANNOUNCEMENTS.
THIS IS A NEW ITEM THAT, UH, THE STAFF AND THE CEO SPOKE ABOUT, UH, HAD IT CLEARED SO THAT WE CAN, UM, ANNOUNCE, UH, FOR EXAMPLE, IF THERE'S A GROUNDBREAKING AT A PFC DEVELOPMENT COMING UP.
WE WOULD LIKE TO, UH, HAVE, UH, THE DEVELOPER OR DEVELOPER TEAM AND FAMILIES, UH, REACH OUT TO US, LET US KNOW ABOUT, UH, ANY GROUNDBREAKINGS OR ANY OTHER ITEMS OF COMMUNITY INTEREST.
AND WE'LL ANNOUNCE IT HERE, UH, DURING THIS TIME PERIOD.
AT THIS TIME, I'D LIKE TO, UH, MAKE ONE ANNOUNCEMENT ON MONDAY, JANUARY 6TH, 2025 AT 12:00 PM AT THE INTERSECTION OF MORRIS STREET AND OPEN CHAIN STREET IN DISTRICT SIX.
UM, WE ARE HEAD, UM, COUNCIL MEMBER OMAR VES FROM DISTRICT SIX IS GOING TO UNVEIL A CEREMONIAL SIGN TOPPER IN HONOR OF A ROLE REYES JR.
AND AS Y'ALL REMEMBER, UH, DIRECTOR REYES SERVED THIS BOARD, UH, WITH HONOR AND DISTINCTION UNTIL HIS DEATH.
AND, UM, IF ANY OF, IF ANY OF OUR, UH, MEMBERS CAN MAKE IT, UM, IT WOULD BE GREATLY APPRECIATED TO, UH, HONOR DIRECTOR REYES AGAIN ON THAT DAY.
HE IS, WAS ONE OF THOSE, UH, DIRECTORS THAT EVEN WHEN HE WAS IN THE HOSPITAL, HE, UH, I REMEMBER SITTING HERE, UH, SAYING, DIRECTOR REYES ARE, ARE, ARE YOU IN THE HOSPITAL? HE IS LIKE, YES.
UH, BUT HE WAS ONLINE DOING HIS SERVICE TO THE DISTRICT SIX IN THE CITY OF DALLAS.
SO, UH, I GREATLY RESPECT HIS LEADERSHIP.
HE, UM, I'M, I KNOW, GREATLY MISSES HIM, AND THE CITY OF DALLAS GREATLY MISSES HIM.
SO IF Y'ALL CAN ATTEND THIS EVENT, UM, YOU'RE MORE THAN WELCOME TO, PLEASE.
THERE HAS BEEN A, THERE'S A FIRE ABOUT IT IN THE, UM, THE PUBLIC BULLETIN.
I'D LIKE TO, UH, DIRECT THANKS TO, UM, OUR COUNSEL, UH, JIM PLUMMER.
I JUST WANNA THANK YOU FOR YOUR DEDICATION, SERVICE, AND COUNSEL TO THIS BOARD.
IT'S MY UNDERSTANDING THAT, UH, BRACEWELL IS GOING TO ALLOW YOU TO RETIRE THIS YEAR,
THAT SUMMER WILL BE TAKING OVER AND WILL DO A GREAT JOB FOR YOU.
WELL, I JUST WANTED TO TAKE A SECOND HERE DURING ANNOUNCEMENTS TO, UH, THANK YOU KINDLY, UH, FROM THE HEART AND IF ANY OTHER BOARD MEMBERS WOULD LIKE TO SAY ANYTHING, PLEASE DO.
BUT DURING THE TIME OF ANNOUNCEMENTS, I JUST WANNA THANK YOU FOR YOUR SERVICE.
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FORMALLY RECOGNIZE YOU NEXT YEAR AFTER YOUR RETIREMENT, BUT SINCE YOU'RE ON THE CLOCK RIGHT NOW, UH, WE WON'T TAKE TOO MUCH TIME.AND I, I JUST WANNA REITERATE THAT, UM, JIM'S BEEN, UM, BEEN HERE FROM THE JUMP.
UM, HE HELPED GET THE, THE PFC GOING, UM, AND STAYED WITH US THROUGH YOUR APPOINTMENTS AND REALLY TO A POINT THAT, UH, THAT WE CAN GET STARTED.
UM, JIM, YOU'VE BEEN A, A TRUSTED RESOURCE AND WE GREATLY APPRECIATE IT.
LOOK FORWARD TO, TO WORKING WITH SUMMER.
UM, AND, UH, I KNOW YOU'RE PROBABLY SITTING AT THE AIRPORT ON YOUR WAY TO TURKS AND CAICOS RIGHT NOW, SO ENJOY.
DO WE HAVE ANY OTHER COMMUNITY ANNOUNCEMENTS PERTAINING TO THE PFC BUSINESS? SEEING NONE HERE ARE ONLINE.
WE'LL MOVE ON TO ITEM NUMBER FIVE.
DISCUSSION AND APPROVAL OF THE MINUTES OF OCTOBER 22ND, 2024 AND NOVEMBER 26TH, 2024.
MOVE TO APPROVE HAS BEEN MADE BY DIRECTOR MONTGOMERY TO APPROVE SECOND.
ALL THOSE IN FAVOR OF APPROVING THE MINUTES FOR BOTH THESE DATES SIGNIFY BY SAYING AYE.
THE MINUTES FOR OCTOBER 22ND, 2024 AND NOVEMBER 26TH, 2024 HAVE BEEN APPROVED.
MOVING ON TO ITEM NUMBER SIX, ETHICS DISCLOSURES.
D-F-D-P-F-C 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 THIS AGENDA, EVEN IF THAT RELATIONSHIP DOES NOT RELATE TO A PACIFIC PROJECT, THE DPFC BOARD IS CONSIDERING.
MOVING ON TO ITEM NUMBER SEVEN, DISCUSSION REGARDING SECURITY AND FENCING FOR 9 9 9 9 TECHNOLOGY BOULEVARD, UH, SAM.
UM, WE'VE GOT JAKE HERE, BUT I'LL PROVIDE A QUICK UPDATE.
I, I CHECKED IT OUT, UM, AFTER OUR LAST BOARD MEETING AND SENT AN UPDATE.
UH, AND PRETTY MUCH ALL THERE WAS WAS THAT LARGE SCRAP AND THAT HAS BEEN REMOVED.
UM, LOOKS LIKE THEY'RE STARTING ON THE FOUNDATION AND I THINK THEY'RE TAKING UNDERWAY AS THEY, UH, AS THEY DEMO, YOU KNOW, RIP IT UP 'CAUSE THERE'S NO PILES RUBBLE, BUT IT DEFINITELY LOOKS LIKE THEY'VE STARTED ON THAT.
UM, I'LL ALLOW JAKE TO COME ON UP AND HELP SET HIM UP REAL QUICK TO PROVIDE A MORE IN DEPTH.
UH, YEAH, I MEAN, SAM KIND OF STOLE MY THUNDER A LITTLE BIT, BUT, SO HE PRETTY MUCH COVERED THE UPDATE, BUT, UM, YEAH, I MEAN, THAT'S JUST KINDA WHERE IT IS AT THIS POINT.
SO I THINK PROBABLY MARCH TIMEFRAME WILL BE IN A POSITION TO START CONSTRUCTION, UH, CLOSING THE CONSTRUCTION LOAN, START CONSTRUCTION.
SO, UM, THAT, THAT'S PRETTY MUCH THE UPDATE, BUT HAPPY TO, TO ANSWER QUESTIONS.
UM, YEAH, I THINK REALLY KIND OF WHAT WE'RE TRYING TO DO IS WE'RE ON THE DEVELOPMENT SIDE, IS JUST KINDA HOLD THEIR ATTENTION IF YOU WANNA WANNA CALL IT THAT.
AND SO JUST KINDA GET A SEAMLESS TRANSITION FROM DEMOLITION INTO CONSTRUCTION.
SO, UM, YOU KNOW, WE'LL AT THIS POINT WE'LL PROBABLY JUST KINDA HAVE 'EM OUT THERE JUST PICKING AT STUFF A LITTLE BIT AND MAYBE EVEN HAVE THEM START ON SOME OF THE PARKING LOT AND JUST TO KINDA KEEP THE MOMENTUM GOING.
BUT YEAH, THAT'S REALLY, REALLY THE EXTENT OF THE UPDATE AT THIS POINT.
SO, BUT I, I MEAN, I, TO SAM'S POINT, I MEAN, OBVIOUSLY THE, THE BUILDING'S DOWN AND HAS BEEN DOWN FOR QUITE SOME TIME NOW, BUT, UM, THAT'S THE UPDATE AT THIS POINT.
AND JUST FOR CLARIFICATION, UM, SO YOU'RE SAYING IT, I'M ASSUMING THE FENCE IS STILL UP, OR, I MEAN, IT'S, IT'S THERE, YEAH.
ALL THE REBARS AND, UH, IS, IS IT A FLAT SURFACE NOW? IT'S A FLAT SURFACE.
I MEAN, THE FENCE ISN'T DOING MUCH AT THE MOMENT JUST BECAUSE IT'S, YOU KNOW, CONSTANTLY BEING MOVED AROUND AS THEY DO STUFF.
SO, UH, YOU KNOW, IT'S NOT, NOT SECURING THE PERIMETER, BUT AGAIN, THERE'S FRANKLY NOT ANYTHING TO SECURE AT THIS POINT.
SO IT'S, IT, THE SITE IS CLEAR.
IT'S, UH, AND LIKE I SAID, THE
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LAST MEETING, WE DO LOOK FORWARD TO A GROUNDBREAKING, UH, FOR YOUR PROJECT PROJECT.UH, WE'LL CERTAINLY DO A LOT ONCE AGAIN FOR DISTRICT SIX AND, UH, FOR THE CITY OF DALLAS.
SO WE GREATLY APPRECIATE YOUR HARD WORK AND ALSO YOUR, YOUR PATIENCE AND YOUR STEADFASTNESS COMING BACK TO OUR MEETINGS ALMOST EVERY MONTH AND REPORTING ON THE PROGRESS.
SO,
I SEE YOU AT THE LAST MEETING.
WE ASK THE FENCING, STAY UP FAR AS LONG AS THE, UH, UH, POLICE DEPARTMENT, UH, BELIEVED THAT THERE WAS A, A SAFETY CONCERN ON SITE.
UH, HAD WE HEARD BACK FROM ANYONE IN CITY GOVERNMENT ON THAT, OR WAS IT CONSIDERED A MOOT POINT, WANTED TO MAKE SURE EVERYTHING WAS, WAS GONE FROM THE SIDE FIRST.
UM, AND I JUST HAD TIME TO GO OUT THERE YESTERDAY, SO THAT'S ON MY, MY LIST OF THINGS TO DO TO ACCOMPLISH TODAY IS TO TOUCH BASE WITH THE CITY OF DALLAS, UH, PD AND, AND SEE WHAT THEIR RISK ASSESSMENT IS AND, AND PUTTING TOGETHER A REPORT TO SEND BACK TO YEAH, FOR WHATEVER IT'S WORTH.
I'M NOT A SECURITY EXPERT BY STRETCH THE IMAGINATION, BUT, YOU KNOW, IN MY UNPROFESSIONAL OPINION, I MEAN, I THINK IT'S PROBABLY FINE.
I, YOU KNOW, WHEN WE GET INTO FORMAL CONSTRUCTION, UM, PART OF A COST THAT'LL BE BAKED INTO THE CONSTRUCTION CONTRACT IS HAVING ONSITE SECURITY THROUGH THE GENERAL CONTRACTOR.
UM, SO, YOU KNOW, THERE'LL BE, ONCE WE GET INTO THAT STAGE, THERE'LL BE SECURITY ON SITE.
YOU KNOW, SECURITY IS REALLY MAKING SURE THAT NOBODY'S STEALING MATERIALS OR MACHINERY OR ANY, ANYTHING LIKE THAT.
BUT THAT, THAT'LL BE
AND LIKE, THAT'S TOTALLY STANDARD PROCEDURE FOR ALL RIGHT, CONSTRUCTION SITES.
UH, SO IF WE COULD, UH, JUST TO, JUST TO PUT CLOSURE TO THE ISSUE, UH, SAM, IF YOU DON'T MIND, IF, IF PERHAPS SOMEONE FROM THE DEPARTMENT JUST COULD FORMALLY SIGN OFF ON IT SINCE OUR EYES ARE NOT OUT THERE OURSELVES, AND JUST SAY, HEY, THIS IS, THIS IS LOOKING GREAT, AND, UH, WE'LL PUT IT TO REST.
IT DOESN'T NEED TO BE, I DON'T THINK WE NEED ANY KIND OF MOTION OR ANYTHING, JUST A, JUST AN ACKNOWLEDGEMENT THAT WE GOT A THUMBS UP FROM A, A CITY OFFICIAL THAT THINGS LOOK GOOD, SOUNDS GOOD.
I'LL GET, I'LL GET A CRACKING ON THAT THIS AFTERNOON TO SEE, UH, SCHEDULE A TIME TO MEET, MEET THEM OUT THERE, AND THEN GET SOME SORT OF ELECTRONIC CONFIRMATION OF THAT.
DO WE HAVE ANY OTHER QUESTIONS OR COMMENTS FOR MR. BROWN ON ITEM SEVEN? SEEING NONE.
AND ONCE AGAIN, UH, HAPPY HOLIDAYS AND THANK YOU, UH, FOR YOUR PATIENCE AND FOR YOUR, UM, STEADFASTNESS FOR COMING OUT HERE MEETING AFTER MEETING.
WE LOOK FORWARD TO THE GRAND OPENING.
YEAH, WE LOOK FORWARD TO IT TOO.
APPRECIATE YOUR GUYS' PATIENCE.
MOVING ON TO ITEM NUMBER EIGHT, BRIEFING AND DISCUSSION REGARDING THE DPFC BOARD APPOINTMENTS, PROCEDURES, DPFC, BOARD AUTHORIZATION AND GOVERNANCE, AND DPFC, ARTICLES OF INCORPORATION AND BYLAWS, AMENDMENT PROCEDURES.
UH, SUMMER, WE'LL HAND THIS OVER TO YOU.
UM, SUMMER GREATHOUSE, I'M TAKING OVER FOR JIM PLUMMER TO THE EXTENT THAT I HAVEN'T MET ANY OF YOU.
SO, WE'RE HERE TODAY TO DISCUSS THE, UM, PROCESSES FOR, UM, APPOINTMENT OF THE BOARD OF DIRECTORS, AS WELL AS THE AMENDMENT TO ARTICLES OF INCORPORATION, AS WELL AS THE BYLAWS.
SO I'M GONNA WALK THROUGH BOTH, UM, THE STATUTORY REQUIREMENTS AS WELL AS THE CURRENT REQUIREMENTS THAT ARE SET FORTH IN YOUR ARTICLES AS WELL AS YOUR BYLAWS.
UM, SO JUST AS A REMINDER TO EVERYONE, UM, THE BOARD OF DIRECTORS IS APPOINTED AND APPROVED BY CITY COUNCIL, AND YOUR CITY COUNCIL HAS THE ABILITY TO, UM, REMOVE DIRECTORS, UH, WITH OR WITHOUT CAUSE.
SO THAT'S KIND OF THE, I THINK THE FIRST STEP.
UM, AND, AND IF SOMEONE IS REMOVED OR IF OTHER THEY OTHERWISE RESIGN, THEN, THEN THEY ARE FILLED BY AN APPOINTMENT, UM, THAT IS DETERMINED BY THE CITY COUNCIL.
UM, AS FAR AS AMENDING THE BYLAWS, WHICH I KNOW IS ONE OF THE THINGS THAT WE'RE LOOKING AT DOING RIGHT NOW.
UM, SO THE BYLAWS ARE, ARE BASICALLY, YOU KNOW, LIKE A, IF YOU WERE TO HAVE AN LLC, YOUR COMPANY AGREEMENT OR YOUR OPERATING ROOM, THE, THIS IS THE DOCUMENT THAT GOVERNS YOUR OPERATIONS AND THE, UH, BOTH INTERNALLY ON THE BOARD OF DIRECTORS AS WELL AS THE OPERATIONS OF THE ORGANIZATION.
UM, YOUR BYLAWS, UH, PURSUANT TO STATUTE, UM, ARE ADOPTED BY THE BOARD OF DIRECTORS AND ARE APPROVED BY THE CITY COUNCIL.
UH, THE BOARD OF DIRECTORS MAY AMEND OR REPEAL THE BYLAWS
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THAT ALSO REQUIRES CITY COUNCIL APPROVAL.AND FINALLY, UH, WITH RESPECT TO THE ARTICLES OF INCORPORATION, UM, THE CITY MAY AMEND THE ARTICLES OF INCORPORATION EITHER WITH THE APPROVAL OF THE BOARD OF DIRECTORS OR THE CITY MAY, UM, UNILATERALLY AMEND THE ARTICLES OF INCORPORATION.
AND SO THE REASON THAT, THAT THE ARTICLES OF INCORPORATION ARE IMPORTANT IS BECAUSE YOUR BYLAWS HAVE A PROVISION IN THEM THAT SAY THAT THE BYLAWS GOVERN ALL OF YOUR OPERATIONS, UH, TO THE EXTENT THAT THE BYLAWS ARE NOT IN CONFLICT WITH THE ARTICLES OF INCORPORATION.
SO IF ONE IS AMENDED, WE HAVE TO MAKE SURE THAT THE OTHER ONE IS CONGRUENT SO THAT WE DON'T HAVE CONFLICTS BETWEEN THE TWO.
SO IF WE AMEND ONE, WE NEED TO MAKE SURE THAT WE'RE GOING DOWN THE PATH OF EITHER AMENDING THE OTHER ONE, OR THAT THE AMENDMENTS THAT ARE BEING MADE ARE NOT IN CONFLICT.
SO I THINK THAT'S REALLY IMPORTANT.
AND THEN FINALLY, WITH RESPECT TO AMENDING THE ARTICLES OF INCORPORATION, UM, IT, IT WILL REQUIRE THE SIGNATURE OF BOTH THE PRESIDENT OR VICE PRESIDENT OF THE BOARD OF DIRECTORS AND THE CITY SECRETARY OR CITY CLERK.
SO IN ORDER FOR THESE PROCESSES TO MOVE FORWARD, THERE WILL NEED TO BE ACTION BY BOTH THE BOARD OF DIRECTORS AS WELL AS THE CITY, UM, FOR THE SIGNATURE, UM, OF THOSE AMENDED ARTICLES OF INCORPORATION.
UM, I THINK THAT, UH, THAT THAT'S A REAL, THOSE ARE ALL REALLY IMPORTANT POINTS, UM, AS WE'RE LOOKING AT, UH, AMENDING YOUR BYLAWS AND POTENTIALLY AMENDING THE ARTICLES AS WELL, JUST TO MAKE SURE THAT THERE IS, YOU KNOW, ACTION IN CONCERT.
I, I SEE IT LOOKS LIKE DIRECTOR BLANKENSHIP HAS A QUESTION.
UM, THE FIRST POINT THAT YOU MENTIONED, UM, CAN YOU, UH, THE, MY, MY FEED CUT OUT ON, ON THAT PART WHEN YOU WERE TALKING ABOUT THE, UH, COUNCILMAN BEING ABLE TO REMOVE, UM, DIRECTORS.
SO PURSUANT TO YOUR ARTICLES OF INCORPORATION, UM, DIRECTORS ARE ABLE TO BE REMOVED BY CITY COUNCIL WITH OR WITHOUT CAUSE.
UM, AND THEN ANY VACANCY THAT OCCURS, WHETHER IT'S BECAUSE SOMEONE WAS REMOVED OR SOMEONE RESIGNED OR OTHERWISE DECIDED, UM, THAT THEY DIDN'T WANNA BE A PART OF THE, THE ORGANIZATION, THOSE VACANCIES WILL BE FILLED BY THE CITY COUNCIL.
ARE THERE ANY OTHER QUESTIONS OR, UM, CLARIFICATIONS I CAN MAKE, UH, DIRECTOR PE UM, SO IF I UNDERSTAND WHAT YOU'RE SAYING CORRECTLY, TO THE EXTENT THAT THE BYLAWS ARE CHANGED, THAT IS SOMETHING THAT WOULD BE DONE BY THE BOARD OF DIRECTORS, ALTHOUGH WE CAN GET INPUT FROM CITY, CITY STAFF, CITY DEPARTMENTS, IT'S WITHIN OUR PURVIEW TO MAKE THOSE CHANGES AND TO INITIATE THOSE CHANGES.
IS THAT CORRECT? THE BOARD OF DIRECTORS IS THE ONE WHO ADOPTS THE AMENDMENTS, UM, TO THE BOARD, TO THE, UH, BYLAWS, CORRECT.
THANK, AND THAT THERE, IT IS APPROVED BY THE CITY COUNCIL.
I WILL NOTE, UM, THAT THERE IS, UM, THE ABILITY OF, OF THE CITY TO, UH, TO CHANGE PROGRAMMING.
AND IT'S NOT, IT'S NOT PARTICULARLY CLEAR IN THE STATUTE.
SO I, I HAVEN'T REALLY DUG INTO WHAT EXACTLY IT MEANS, BUT THE SPONSOR OF THE CORPORATION, IN THIS CASE, THE CITY COUNCIL OR THE CITY OF DALLAS, UM, MAY ALTER THE CORPORATIONS, UM, ORGANIZATION OR OTHER ACTIVITIES, SO LONG AS IT'S CONSISTENT WITH, UH, CHAPTER 3 0 3 OF THE TEXAS LOCAL GOVERNMENT CODE.
AND, UM, ANY OTHER LAWS THAT ARE RELATING TO THIS, A AS WELL AS THE, THE CURRENT ARTICLES OF INCORPORATION OR BYLAWS.
SO AS IT RELATES TO GOVERNANCE OF THE BPFC, AS THINGS STAND RIGHT NOW, THAT GOVERNANCE IS VESTED IN THE BOARD OF DIRECTORS, CORRECT? THAT IS CORRECT.
THANK ANY OTHER QUESTIONS OR COMMENTS
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FROM ONLINE? UH, DIRECTOR BLANKENSHIP? UM, IF, IF THE BOARD ADOPTS BYLAWS, BUT COUNCIL DOES NOT WANT TO, DOES NOT APPROVE, DOES NOT WANNA APPROVE, THEN WHAT ARE THE NEXT STEPS ON THAT? WELL, THE, I THINK THE OUTCOME OF THAT IS THAT YOUR BYLAWS ARE, ARE NOT APPROVED.AND SO IF YOU WANTED TO FROM THAT POINT ON, YOU COULD, YOU'D HAVE A COUPLE OF CHOICES.
ONE, YOU COULD CONTINUE OPERATING UNDER THE CURRENT BYLAWS, WHICH HAVE OBVIOUSLY PREVIOUSLY BEEN APPROVED BY THE BOARD OF DIRECTORS, AS WELL AS THE CITY COUNCIL.
OR YOU COULD CONTINUE ATTEMPTING TO ACHIEVE, UH, THE APPROVAL OF THE CITY COUNCIL, OF THE, THE AMENDED BYLAWS.
BUT IF, IF BOTH, IF BOTH ORGANIZATIONS DON'T AGREE, THEN YOU CONTINUE OPERATING STATUS QUO AS THE BYLAWS ARE CURRENTLY IN PLACE.
UH, SUMMER, SO AFTER THE CITY COUNCIL, LET'S SAY THEY APPROVE A, A CHANGE IN THE BYLAWS THAT WE HAVE NOT REVIEWED.
UH, IS IT, DO WE HAVE TO REVIEW AND APPROVE THEM, UH, BEFORE THEY ARE EFFECTIVE FOR US? YES.
SO THAT IS PART OF THE PROCESS RIGHT NOW THAT WE APPROVE OUR BYLAW.
IF IT'S AMENDED LIKE WE HAVE A COUPLE OF MONTHS AGO, IF IT'S AMENDED BY COUNSEL, UH, IT'S PART OF THE PROCEDURE TO COME BACK TO US.
IT'S JUST FOR CLARIFICATION FOR A FINAL APPROVAL.
IS THAT CORRECT? YOU WOULD NEED TO ADOPT THOSE BYLAWS? THAT IS CORRECT.
THANK YOU FOR THAT CLARIFICATION.
AND IF WE MAKE CHANGES TO THE BYLAWS AFTER THE COUNCIL, AFTER WE APPROVE COUNCIL'S, UH, CHANGES WOULD'VE HAD TO GO BACK TO THE COUNCIL THEN FOR FINAL AGREEMENT, CORRECT.
YOU, YOU WOULD EACH HAVE TO AGREE ON THE FINAL VERSION OF THE BYLAWS, YOU WOULD HAVE TO ADOPT THEM.
COUNCIL WOULD HAVE TO APPROVE THAT AS WELL.
THANK YOU VERY MUCH THAT THAT STRAIGHTENS OUT SOME QUESTIONS THAT HAVE BEEN, UM, SENT TO ME.
DO YOU HAVE ANY OTHER QUESTIONS OR COMMENTS ABOUT ITEM NUMBER EIGHT? SEEING NONE HERE IN PERSON.
ANY OTHER ON THE ONLINE? SEEING NONE, UH, DISCUSSION IS COMPLETE ON ITEM NUMBER EIGHT.
MOVING ON TO ITEM NUMBER NINE, DPFC ON PROPERTY MONITORING PROCEDURES, BRIEFING AND DISCUSSION, SAM.
UM, SO WITH, WITH THIS ITEM, I, I'LL, ALAN AND I HAVE BEEN, UH, DISCUSSING WHEN TO MEET WITH THE FINANCE COMMITTEE, AND WE DECIDED PROBABLY AFTER THE HOLIDAYS WOULD BE BEST.
SO WE'RE WORKING ON TRYING TO PUT TOGETHER A TIME, UM, RIGHT NOW WITH, WITH, UH, TO PROPOSE FOR THE COMMITTEE, UH, TO MEET, UH, IN THE SPIRIT OF NOT STEALING THUNDER.
ALAN, DO YOU HAVE ANYTHING TO ADD TO THAT? OF COURSE,
UM, I THINK IT, IT WOULD BE APPROPRIATE AT THE FINANCE COMMITTEE THAT WE DISCUSS ADOPTING AN RFP, UM, TO HAVE A THIRD PARTY CONTRACTED TO, UH, INSPECT PROPERTIES THAT ARE OWNED BY THE PFC.
UM, YOU KNOW, WE ARE AN INDEPENDENT ENTITY, AND I THINK WE SHOULD RELY ON A THIRD PARTY TO, UH, PERIODICALLY GIVE US REPORTS ON PROPERTY CONDITION, PROPERTY OPERATIONS.
UM, AND I, I THINK THE COMMITTEE, WHEN WE GET TOGETHER, NEEDS TO THINK THROUGH WHAT THE SCOPE OF THE ENGAGEMENT WOULD BE, WHAT IT IS WE WANT THEM TO DO, AND, UM, WHAT TYPES OF REPORTS WE WOULD LIKE TO SEE.
AND I'M HAPPY TO HAVE ANY SUGGESTIONS OR WE'LL DISCUSS IN THE FINANCE COMMITTEE.
I'VE BEEN WAITING BECAUSE I, RATHER THAN HAVE SEVERAL MEETINGS, UH, I WANNA TAKE CARE OF APPROVING OUR BUDGET FOR NEXT YEAR AS WELL AS ANY OTHER MATTERS THAT FINANCE COMMUNITY AS WE CONSIDER.
UM, UH, THIS MIGHT BE SOMETHING FOR
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DIRECTOR CALLAS OR FOR SUMMER, UM, IN THE SCOPE OF THIS MONITORING, WOULD IT ALSO INCLUDE, UH, COMPLIANCE, UM, INSOFAR AS THERE HAS BEEN DISCUSSION, UH, I KNOW AT CITY HALL AND AT THE HSD ABOUT, UM, RELATED, UH, JUNK FEES, UM, INSOFAR AS, AS, UH, MAKING SURE THAT A DEVELOPER, YOU KNOW, WE'RE, WE'RE, WE'RE BUILDING AFFORDABLE HOUSING HERE AND WE JUST, WE WANNA MAKE SURE THAT, UM, ONE OF THE DEVELOPMENTS PERHAPS DOESN'T CHARGE, YOU KNOW, $50 FOR A, UM, A CONVENIENCE FEE FOR SOMETHING WHICH BASICALLY WOULD BE, UH, DE FACTO BY DE FACTO RENT INCREASE.UM, I WANTED TO CLARIFY WITH SUMMER, ARE WE NOW, UM, GUARDED AGAINST SUCH SO-CALLED JUNK FEES? IF YOU'RE FAMILIAR WITH THE TERM IN OUR CURRENT, UH, TERM SHEETS? SO YOU CURRENTLY HAVE THE ABILITY TO, UM, REQUEST INFORMATION FROM THE, UH, DEVELOPERS.
SO YOU WOULD HAVE THE ABILITY TO REVIEW THEIR, UM, FINANCIALS AND TAKE A LOOK AT ALL THE FEES THAT THEY ARE CHARGING.
WELL, FOR EXAMPLE, I THINK THIS MIGHT APPLY MORE SO TO, UM, PERHAPS MORE DIRECTLY TO ACQUISITIONS FOR PROPERTIES THAT ARE ALREADY BUILT.
BUT HOW CAN WE, WOULD THIS ALSO BE AN AREA AND PERHAPS FUTURE MONITORING THAT WE COULD MONITOR WHETHER OR NOT A A, A DEVELOPMENT IS USING THE SO-CALLED, UH, JUNK FEES SO WE CAN PROTECT THE CITIZENS IN A WAY? CAN THAT BE WRITTEN INTO A TERM SHEET? I'M JUST ASKING THIS AS A, AS A QUESTION RIGHT NOW.
IT'S SOMETHING THAT COULD BE DISCUSSED, I'M SURE AT THE, UM, FOR THE FUTURE.
I, I THINK RIGHT NOW, YOU, YOU CURRENTLY CAN, CAN MONITOR THAT.
UM, BUT IF WE WANTED TO PROHIBIT THAT, THAT IS DEFINITELY SOMETHING THAT COULD BE INCORPORATED INTO THE TERM SHEETS.
IF WE JUST WANTED TO HAVE A FLAT PROHIBITION AS IT STANDS NOW, THAT IS SOMETHING THAT YOU WOULD CURRENTLY HAVE THE ABILITY TO MONITOR AND, AND HAVE THAT INFORMATION THOUGH.
UM, SO ONE THOUGHT SUMMER IS, UM, AND FEEL FREE TO, TO POKE HOLES IN THIS.
SO ONE OF MY CONCERNS ON THE THE FEES IS THAT, UM, SUMMER ARE VERY MUCH LEGITIMATE, NOT WHAT I WOULD CLASSIFY AS JUNK FEES.
UM, I USE THE EXAMPLE OF A, OF, UH, PARKING.
SO YOU MIGHT HAVE, UM, SURFACE PARKING INCLUDED IN YOUR RENT.
THERE'S A COVERED PARKING OPTION THAT COSTS YOU 50 BUCKS AND MAYBE THERE'S EVEN A GARAGE OPTION THAT MIGHT COST YOU 150 BUCKS A MONTH.
UM, I THINK WHAT PERSONALLY, WHAT I'M CONCERNED ABOUT, UM, MORE IS FEES THAT ARE APPLIED TO EVERYONE.
I THINK THAT MIGHT BE A GOOD PLACE TO START.
UM, THINGS THAT ARE NOT ELECTIVE, UM, AND, UH, AND, AND EITHER CAP THOSE OR HAVE THEM INCLUDED IN THE INCOME RESTRICTED RENTS OR SOMETHING LIKE THAT.
SO, UM, I, I THINK IT, IT WOULD BE WORTHWHILE TO, UM, TO GO TO ANOTHER LEVEL ON THOSE, THOSE FEES.
BUT I, I THINK, UM, MORE THAN ANYTHING, UM, WE'VE GOTTA, UM, DELINEATE BETWEEN THOSE THAT ARE ELECTED AND THOSE THAT ARE NOT.
SO I'M GONNA START CALLING THEM NON-ELECTIVE FEES INSTEAD OF JUNK FEES.
I APPRECIATE THAT CLARIFICATION PROBABLY IS, UH, MORE ACCURATE THAT ONCE AGAIN, UH, THE ULTIMATE IS LIKE, YEAH, WHAT, FOR AFFORDABILITY PURPOSES, WHAT DOES A PERSON HAVE TO PAY TO LIVE IN A LIVE IN A UNIT, AND HOW IS THAT MONITORED SO THAT WE KEEP OUR AFFORDABILITY.
UH, DIRECTOR TELLIS, DO YOU HAVE ANY OTHER QUESTIONS OR COMMENTS ABOUT ITEM NUMBER NINE? UM, JUST REAL QUICK ON, FROM A COMPLIANCE STANDPOINT, UH, STAFF IS STARTING TO STEP IN FOR LISA, UM, TO HELP COMPLIANCE OUT WITH THAT.
SO WE WILL BE COLLECTING, UH, DOCUMENTS LIKE RENT ROLLS, OPERATING STATEMENTS, INCOME VERIFICATION, UH, DURING THIS PROCESS.
AND IF WE NEED TO BE COLLECTING ANYTHING ELSE, UH, PLEASE LET US KNOW WHAT, WHAT, WHAT ELSE? UH, I CAN SEND OUT A LIST TO THE, TO THE FULL BOARD AND, AND GET SOME RECOMMENDATIONS BACK ON WHAT YOU GUYS WOULD LIKE TO SEE, UM, IN THAT PROCESS AS WELL.
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QUICK QUESTION FOR SUMMER ON, UH, IN OTHER JURISDICTIONS, DO YOU SEE, UM, DEVELOPER, AND I'M TALKING ABOUT NEW CONSTRUCTION SPECIFICALLY, NOT, UM, ACQUISITIONS SINCE WE DON'T DEAL WITH THAT.UM, DO YOU SEE AS PART OF THE TERM SHEETS DEVELOPERS, UM, COVERING THE COST OF COMPLIANCE MONITORING? WELL, TYPICALLY, UH, YOU WOULD HAVE LIKE A $25,000 A YEAR FEE, UM, WOULD BE LIKE ADMINISTRATIVE RENT THAT, AND I SEE JIM'S COME BACK ON, UM, HE MAY BE ABLE TO, TO CLARIFY A LITTLE BIT FURTHER, BUT HE, YOUR ADMINISTRATIVE RENT WOULD COVER THOSE COMPLIANCE FEES.
AND AGAIN, THAT'S, YOU KNOW, GENERALLY $25,000 AND IT GROWS ANNUALLY BY 3%.
UM, I BELIEVE THAT THAT IS A TERM THAT WE'VE NEGOTIATED INTO ALL OF YOUR DEALS.
UM, BUT CERTAINLY, UM, IF THERE WAS A THIRD PARTY COMPLIANCE, UH, YOU KNOW, NEEDED, I THINK THAT THAT IS SOMETHING THAT I'M NOT AWARE OF MANY JURISDICTIONS DOING THAT, BUT I DO KNOW OF AT LEAST ONE THAT HAS, UM, THAT HAS CHARGED DEVELOPERS FOR THAT.
I RECALL THAT EVERY DEAL YOU HAVE TIME, EXCEPT THE VERY FIRST ONE, REQUIRE ANNUAL AUDITS BY AN OUTSIDE PARTY.
AND NOW THE T-D-H-C-A HAS MANDATED AN ANNUAL AUDIT THAT IS SUBMITTED TO THEM AND SUBMITTED TO THE CHIEF APPRAISAL.
AND THAT ANNUAL AUDIT WILL DEMONSTRATE COMPLIANCE WITH THE AFFORDABILITY SET ASIDE.
SO YOU, YOU ALREADY HAVE THAT CONCEPT BUILT IN AND IT IS AT THE COST OF THE DEVELOPMENT.
SO ALL WE REALLY NEED TO DO IS DETERMINE WHAT OTHER THINGS WE REALLY NEED TO LOOK AT.
UM, AND THOSE AS OF NOW WOULD BE YOUR COST.
AND THAT, THAT IS A GOOD POINT TO BRING UP IN THIS DISCUSSION.
'CAUSE THAT'S PROBABLY SOMETHING THAT, THAT, UH, YOU KNOW, UH, DIRECTOR CALL MIGHT BRING UP IN THE RFP IS, YOU KNOW, WE MIGHT WANT TO ADD EVENTUALLY, I'M NOT SAYING WHAT THOSE ITEMS ARE, BUT, UH, OTHER ITEMS THAT COULD BE, UH, YOU KNOW, OUTSOURCED PROPERTY CONDITION, PROPERTY CONDITION AND SAFETY, THINGS OF THAT NATURE.
AND, AND ALSO RECALL, JUST SO EVERYBODY'S ON THE SAME PAGE EVERY SEVEN YEARS, YOU HAVE TO HAVE A LICENSED ENGINEER, ENGINEER DOING PHYSICAL NEEDS ASSESSMENT.
SO FROM A STRUCTURAL PERSPECTIVE, YOU WILL HAVE AN ENGINEERING RE REPORT REVIEWING YOUR PROPERTIES AT LEAST EVERY SEVEN YEARS AND AT EVERY SALE.
ANY OTHERS QUESTIONS OR COMMENTS ON ITEM NUMBER NINE? THANK YOU ALL VERY MUCH LIVING ON ITEM NUMBER 10, DISCUSSION REVIEW OF 2024 BPFC ANNUAL REPORT.
UM, SO WE HAVE DRAFTED THE ANNUAL REPORT FOR YOU, KEITH, UM, AND PUT IT IN THE BOARD PACKET SO EVERYONE CAN KIND OF SEE WHAT WE'RE LOOKING AT.
IT'S DUE IN FEBRUARY, SO IF ANYONE HAD ANY COMMENTS OR ANYTHING ALONG THOSE LINES, UH, ACCOMPLISHMENTS THEY WANTED, LISTED, GOALS THEY WANTED LISTED, UM, I THINK, YOU KNOW, EITHER NOW OR OR NEXT MEETING WOULD BE A GOOD TIME TO, UH, DISCUSS THOSE SO YOU DO NOT TURN THIS IN LATE.
AGAIN, THANK YOU SAM, AND I APPRECIATE YOUR PROACTIVENESS ON THIS.
UH, GETTING IT TO THE BOARD, UH, EVEN, EVEN IN A DRAFT FORM A COUPLE OF MONTHS IN ADVANCE IS GREATLY APPRECIATED.
SO YOU HAVE A CHANCE OVER THE HOLIDAYS OR WHENEVER TO LOOK AT IT.
ANY OTHER QUESTIONS OR COMMENTS ABOUT THE ANNUAL REPORT DRAFT? THANK YOU AGAIN.
MOVING ON TO ITEM NUMBER 11, DPFC WEBSITE BRIEFING AND DISCUSSION.
SAM, THANK, SO THE WEBSITE'S MOVING ALONG.
UM, WE HAVE TO TOUCH BASE ABOUT OUR LOGO.
THE CITY OF DALLAS, IF WE USE EVEN ONE OR TWO, YOU KNOW, ELEMENTS OF THEIR, OF THEIR LOGO, WHICH IS CURRENTLY IN THE PROCESS OF CHANGING, UH, AS I UNDERSTAND, UM, WE'RE GONNA HAVE TO GET IT LICENSED.
SO, UH, YEAH, THAT'S KIND OF BEEN A SLOWDOWN, UM, ON, ON OUR PART.
BUT WE'RE, WE'RE WORKING TOWARDS, UH,
[00:35:01]
GETTING SOME SORT OF LICENSING AGREEMENT DONE, UH, WITH THE CITY TO INCORPORATE SOME ELEMENTS, UH, OF THE LOGO.UH, WE HAVE A MEETING WITH THEM, I BELIEVE ON THURSDAY.
UH, JUST STAFF TO KIND OF GO OVER WHERE WE'RE AT ON THE WEBSITE AND, UM, SHOULD HAVE SOMETHING PRETTY CONCRETE TO, TO POINT AT.
MAYBE WE CAN, YOU KNOW, PULL UP THE, UH, THE KIND OF SKELETON VERSION OF IT AT THE NEXT BOARD MEETING TO REVIEW AS WELL.
IF YOU GUYS THINK THAT WOULD BE SOMETHING TO, TO TOUCH BASE ON.
UM, AND KEVIN, DID YOU HAVE ANYTHING TO ADD AT THIS POINT? NO, I DON'T HAVE ANYTHING.
SO THAT'S OUR UPDATE FOR, FOR THAT.
WE'LL HAVE, WE'LL HAVE SOMETHING TANGIBLE TO RUN THROUGH WITH YOU GUYS NEXT TIME, UH, AT THE NEXT MORNING IF YOU GUYS FOR MEETING, IF YOU GUYS THINK THAT WOULD BE A GOOD IDEA, THAT WOULD BE GREAT.
AT THE NEXT BOARD MEETING OR BEFORE, WHENEVER IT'S AVAILABLE BEING A WEBSITE, RIGHT? I THINK ABOUT WEBSITES THAT IT CAN BE DONE ELECTRONICALLY.
THANK YOU ALL VERY MUCH FOR YOUR HARD WORK.
SAM, IS THERE ANYTHING YOU CAN SHARE WITH US THAT ARE THE CONCERNS ON WHATEVER ELEMENTS OF A NEW LOGO THAT MAY OR MAY NOT INCORPORATE SOME OF THE CITY'S LOGO OR FEATURES THAT SOME TYPE OF PROPRIETARY, UH, USAGES IN HERE THAT WOULD, UH, NOT ALLOW US TO USE IT? SINCE MY, MY, UH, MY MISUNDERSTANDING OF THIS, I GUESS IS BECAUSE WE'RE CREATED BY THE CITY, WE FALL UP UNDER THE CITY, UH, THEY REVIEW WHAT WE SUBMIT AND SO THEREFORE I THOUGHT WE WERE STILL IN TANDEM, SO TO SPEAK AS THAT GOES.
SO, UH, I DON'T KNOW WHAT THE ISSUE IS, BUT THERE ANYTHING YOU CAN SHARE WITH US AT THIS TIME ABOUT SOME OF THE CONCERNS FROM THAT? THE CITY? YEAH, I CAN KIND OF BRIEFLY TOUCH ON IT.
THEY REALLY DON'T LIKE ANY ONE DEPARTMENT OR INSTRUMENTALITY, UH, TAKING THE ELEMENTS FROM THEIR, UM, FROM THEIR LOGO AND APPLYING THEM TO SOME, YOU KNOW, WHATEVER LOGO THEY'RE USING TO REPRESENT THEM.
UM, WE HAD INCORPORATED LIKE THE THREE LINES THING FROM THE DALLAS, UH, LOGO TO THE DPFC PROPOSED LOGO.
THERE'S A COUPLE OTHER SMALL THINGS, UM, BUT AS FAR AS, UH, THE, THE LEGALITY PORTION OF IT, I CAN, I CAN DOUBLE WITH CITY ATTORNEYS AND, AND GET A MORE CONCRETE ANSWER FROM YOU, UH, FOR YOU AND, AND SEND IT OUT IN, IN AN EMAIL.
IT'S, IT'S AN ISSUE TRADEMARK INFRINGEMENT, RIGHT? AND, UM, YOU CAN'T ALLOW ANYBODY TO USE ANY PORTION OF YOUR TRADEMARK IF YOU WANT TO PROTECT IT.
SO IF WE DON'T GET A LICENSE FROM THEM, WE HAVE TO DO OUR OWN.
IT'S AS SIMPLE AS THAT BECAUSE THEY'RE INDEPENDENT.
WE'RE SORT OF IN THE WOMB AND TRYING TO COME OUT
I WASN'T GONNA SAY I JUST SAW THAT LOGO ON THE SMU FOOTBALL HELMET, BUT, UH, I GUESS THAT'S A DIFFERENT STORY.
SINCE THIS IS AN ISSUE AND IT'S TAKING UP TIME AND RESOURCES, CAN WE JUST USE A GENERIC HOUSE IN THE LOGO AND CALL IT BFC? DO WE REALLY CARE? I DON'T, I MEAN, MAYBE OTHERS DO, BUT I, I HATE TO SEE TIME AND RESOURCES EXPEND JUST, JUST MY COMMENT.
AND THEY COULD TAKE THE CITY SIX MONTHS TO DECIDE WHAT THEY WANNA DO WITH THEIR LOGO.
SO, AND, AND I THINK, I THINK OUR GETTING OUR WEBSITE UP IS A LOT MORE IMPORTANT THAN A LOGO, RIGHT? YEAH.
WELL, WE COULD PLAN ON MEETING WITH THE COMMUNITY ENGAGEMENT, UH, COMMITTEE AND, AND TOUCHING BASE ABOUT THAT WITH, WITH THOSE THOUGHT PROCESSES.
I, I PERSONALLY DON'T, THERE'S JUST SUCH SMALL ELEMENTS.
IF WE PULLED 'EM OUT, I, I DON'T THINK IT, IT, IT WOULD STILL BE BASICALLY THE SAME IF WE PULL THESE THINGS OUT.
UM, SO I, I, I'M NOT THE ONE TO MAKE THOSE SAM CALLS.
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KEVIN, SAM.YEAH, LIKE, I MEAN, I, I AGREE WITH DIRECTOR TALLIS.
LIKE, I, I DON'T WANT THE LOGO TO BE A GATING ITEM FOR THE REST OF THE, THE WEBSITE.
LIKE, I, I DON'T, I DON'T THINK WE NEED TO HOLD IT UP FOR THAT.
DI DIRECTOR HOLMES ALSO ON THE COMMUNITY ENGAGEMENT, UH, TEAM AGREE WITH, UH, DIRECTOR TALI AND, UH, MY CHAIR, UH, MR. WINTERS.
LOGO'S NOT GONNA HOLD THIS DEAL UP.
WE WERE JUST TRYING, I THINK TO DIRECTOR STINSON'S COMMENTS, WE FELT THAT, YOU KNOW, WE'RE, WE'RE ALL MEMBERS OF ONE BIG HAPPY FAMILY APPARENTLY WHEN IT COMES TO TRADEMARKS, WE ARE NOT.
SO WE WILL, UH, PIVOT ACCORDINGLY AND, UH, AND MAKE SURE WE ARE NOT INFRINGING UPON ANYBODY'S, UH, UH, TRADEMARK, UH, RIGHTS.
THEN WE'LL, UH, WE'LL, WE'LL GET THAT INFORMATION BACK TO THE TEAM, DESIGN TEAM AND, AND THEN PUT FORWARD A COUPLE MORE OPTIONS FOR YOU GUYS, UH, THE COMMUNITY ENGAGEMENT, UH, COMMITTEE, AND THEN WE CAN PRESENT OUR BEST OPTIONS TO THE BOARD NEXT TIME.
AND, UH, THANK YOU DIRECTOR HALL AND DIRECTOR, UH, DIRECTOR WINTERS, DIRECTOR TALLIS FOR ALL YOUR COMMENTS.
WE APPRECIATE YOUR HARD WORK ON YOUR COMMITTEE.
MOVING ON TO ITEM NUMBER 12, MONTHLY REPORT OF THE DPFC STAFF, POWERING COMMITTEE DIRECTOR TOLEDO.
UM, NOTHING REALLY TO REPORT, UM, APPRECIATED PRESENT.
UM, THE, YOU KNOW, WE'RE KIND OF IN A WAIT AND SEE MODE, SEEING WHAT, WHAT COUNCIL, YOU KNOW, WHAT DIRECTION WE GET FROM COUNCIL IN THE NEXT, UH, YOU KNOW, PROBABLY, PROBABLY OVER THE NEXT SIX WEEKS.
UM, I DO APPRECIATE ANY, IF ANYBODY HAS ANY INSIGHT, ADVICE, UH, RECORD.
MONTGOMERY WAS KIND ENOUGH TO SEND SOME INFORMATION ABOUT HOW SAN ANTONIO'S STRUCTURED AND YOU, HOW, HOW DIFFERENT CITIES THAT YOU KNOW, YOU KNOW, HIRED GMS, WHAT THEY'VE DONE, YOU KNOW, JUST TO LEARN FROM THEIR BEST PRACTICES.
BUT THE TIME BEING, I DON'T THINK THERE'LL BE ANY UPDATES UNTIL, UH, UNTIL JANUARY.
UH, I'LL CONTINUE TO DO SOME, YOU KNOW, DUE DILIGENCE AND POSSIBLY, YOU KNOW, CALL A MEETING TOGETHER WITH THE COMMITTEE.
MOVING ON TO ITEM NUMBER 13, DPFC PIPELINE REPORT, BRIEFING AND DISCUSSION.
OKAY, SO WE HAD ONE CLOSING SINCE OUR LAST BOARD MEETING, UH, THAT WAS THE STANDARD WEST COMMERCE, OTHERWISE KNOWN AS THE CAROLINE DEAL, UH, WITH OJALA.
IT IS, UH, JUST TO RECAP THAT, THAT PROJECT, IT IS AN EXISTING BUILDING, UH, INDUSTRIAL AND WITH THEIR TIMEFRAMES OF CLOSING TO CONSTRUCTION, UH, OR DEMOLITION OF IT, THEY, UH, THEY HAD 12 HOURS.
I MEAN, WE HAD A TENANT IN THAT BUILDING, UH, UNTIL ABOUT 8:00 PM UH, AND THEY WERE MOVING EVERYTHING OUT.
I WENT TO CHECK ON IT TO MAKE SURE THAT WE WOULD WEREN'T BUYING A PROPERTY THAT ALREADY HAD AN ISSUE SIMILAR TO EXISTING STRUCTURES THAT WE HAD, UH, PURCHASED IN THE PAST.
AND THEY HAD, UH, SECURITY CAMERAS UP AND THE NEXT DAY THEY WERE OUT THERE AT EIGHT IN THE MORNING, UH, GETTING FENCING PUT UP TO START THE DEMOLITION.
SO, UH, SPECIAL THANKS TO SUMMER AND BRAXTON FOR, UH, WORKING THROUGH SOME COMPLICATIONS, UH, IN THE LAST COUPLE DAYS, UH, BEFORE WE, UH, CLOSED THAT THING.
BUT DUE TO THEIR HARD WORK, UH, STAYED ON TRACK AND THAT BUILDING'S ON ITS WAY DOWN AND, AND AFFORDABLE HOUSING, THEREFORE IS ON ITS WAY UP.
UH, AS FAR AS PROJECTS THAT WE ARE CONSIDERING RIGHT NOW, WE HAVE SIX IN THE PIPELINE, UH, TWO OF WHICH WILL HAVE THEIR APPLICATIONS IN BY THIS FRIDAY, WHICH I'M, I'M FAIRLY CERTAIN THEY'LL HAVE 'EM IN, 'CAUSE WE'RE TALKING BASICALLY EVERY DAY.
UH, BOTH ARE ACTUALLY, UH, ADAPTIVE REUSE PROJECTS, WHICH IS PRETTY COOL.
UM, AND THEY'RE BOTH ON THE LARGER SIDES.
UM, ADDITIONALLY WE HAVE ANOTHER ADAPTIVE REUSE PROJECT THAT SHOULD BE PUTTING IN AN APPLICATION IN THE NEXT FEW WEEKS.
THAT ONE MAY OR MAY NOT MAKE IT ONTO OUR, UH, JANUARY BOARD MEETING, JUST DEPENDING ON WHEN THEY GET THEIR STUFF OVER.
BUT IT'S, IT'S GOT SOME DEEPER AND, UH, BROADER REPORTABILITY TERMS FOR US.
FINANCIALS ARE AFFECTED, BUT, UH, THE WAY THEY PRESENTED IT, I THINK IT'S INTERESTING AND, AND WORTH BRINGING TO THE BOARD.
UM, THEN THREE OTHERS THAT ARE STILL KIND OF IN THE BACK AND FORTH STAGES, BUT LOOKING LIKE THEY'RE, THEY'RE PRETTY HOPEFUL THAT THEY'RE GONNA BE COMING IN AS WELL.
DOES, DOES ANYONE HAVE ANY QUESTIONS ON, ON THE REPORT? I THINK I'D LIKE TO SEE ALL OF, UH, OF
[00:45:01]
THOSE IN THE PIPELINE.IF YOU COULD FORWARD THOSE PLEASE.
YEAH, THE THREE THAT SHOULD BE, UH, PUTTING IN APPLICATIONS OR, OR THE THREE THAT ARE STILL KIND OF IN THE HAMMERING OUT AS WELL.
SO THEY HAVEN'T SUBMITTED APP APPLICATIONS YET? NO, THEY'RE, OH, OKAY.
THEY'RE IN THE, THEY'RE IN THE PROCESS.
I TOLD THEM IN ORDER TO GET ONTO OUR JANUARY BOARD MEETING, UH, TO ALLOW OUR OUTSIDE, UH, UNDERWRITERS AND, UH, LEGAL, UH, ENOUGH TIME THAT THEY HAD TO HAVE 'EM IN BY THIS FRIDAY.
SO WE SHOULD HAVE THEM IN BY THIS FRIDAY OR EARLIER.
AND IF YOU'D LIKE TO CHECK THOSE OVER.
'CAUSE, UM, ONE OF MY, UM, ONE OF THE THINGS I'M GONNA TRY TO SORT OUT IS FIND THE EFC VERSUS SOME OF THE OTHER TOOLS THAT MIGHT BE AVAILABLE ON ADAPTIVE REVIEWS.
UM, SO I THINK THAT, THAT IT'D BE HELPFUL TO GET A HEAD START.
BUT I DON'T WANNA FRONT RUN THE, UH, THE APPLICATION, SO NO.
I TOTALLY GET THE APPLICATION.
I'LL TOUCH BASE AS SOON AS WE HAVE THAT.
ANY OTHER QUESTIONS OR COMMENTS ABOUT ITEM NUMBER 13 ON THE FLOOR, SEEING NONE FROM THE FLOOR OR ONLINE? MOVING ON TO ITEM NUMBER 14 IN THIS HOLIDAY SEASON.
I'D LIKE TO THANK EVERYBODY FOR ALL YOUR KIND SERVICE AND DEDICATION TO THIS, TO THIS, UM, COMMITTEE, THIS, UH, CORPORATION.
I REALLY APPRECIATE EVERYTHING EACH AND EVERY ONE OF Y'ALL HAS DONE THIS YEAR.
AND, UH, THANK YOU FOR YOUR SERVICE AND WISH YOU A VERY HAPPY HOLIDAY SEASON.
AT THIS TIME, I'D LIKE TO ENTERTAIN A MOTION TO ADJOURN MOVE BY DIRECTOR CALLAS, SECONDED BY DIRECTOR MONTGOMERY.
ALL THOSE IN FAVOR SIGNIFY BY SAYING AYE.
HAVE IT THIS DECEMBER 17TH MEETING OF THE DALLAS PUBLIC FACILITIES CORPORATION.
AND Y'ALL HAVE A SAFE AND HAPPY HOLIDAY SEASON.