* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. OKAY, [00:00:01] UH, WE'RE [Dallas Oak Cliff Gateway TIF District Board of Directors Meeting on September 23, 2024.] GONNA GO AHEAD AND CALL THE OAK CLIFF GATEWAY SHIFT DISTRICT, UM, BOARD OF DIRECTORS TO ORDER ON SEPTEMBER 23RD, 2024 AT 2:01 PM AND I'LL GO AHEAD AND TURN THE MEETING OVER TO OUR VICE CHAIR. OKAY. THANKS, SUE. UM, THIS IS TOM . I'M VICE CHAIR OF FOR CHRIS, WHO'S ON THE ROAD TODAY, BUT I THINK HE JOINS US. UH, BERKELEY. UH, WELL HAVE A NEW BOARD MEMBER BEFORE WE GET STARTED, WOULD LIKE TO INTRODUCE AND JUNIOR . IS THAT RIGHT? YES, SIR. TELL US ABOUT YOURSELF. UH, MY NAME IS JUDE FROM DALLAS, TEXAS, ORIGINALLY, UM, HAVEN'T LIVED THERE SINCE I WAS A KID. WENT TO THE NEIGHBORHOOD GATHERING, UH, FROM CEDAR HIGH SCHOOL, UH, WENT TO STANFORD, SERVED IN THE MILITARY, AND THEN NOW I'M BACK HERE AND IT'S GREAT TO, GLAD TO BE BACK HERE. OH, WOW. GLAD TO HAVE YOU. UM, DO WE INTRODUCE STAFF MEMBERS, SUE? UH, BEFORE WE START, UM, WE CAN GO AROUND, AROUND IN INTRODUCTIONS. WE, ANGELA AND I HAD AN ORIENTATION WITH, UM, WITH JUNE. SO I'M SUE COUNCIL, UM, ONE OF THE DISTRICT MANAGERS FOR THE TIP DISTRICT. I'M THE OWNER OF PROXY PROPERTY. I'M CHARITY SHUGAR. I'VE WORKED WITH PROXY PROPERTIES. JUDE OBVIOUSLY INTRODUCE HIMSELF. EVERYONE AT ANGELA HARDMAN, ANOTHER DISTRICT MANAGER WITH THE OFFICE OF ECONOMIC DEVELOPMENT. RIGHT. UM, LOOKS LIKE THE NEXT AGENDA ITEM ARE PUBLIC COMMENTS PERTAINING TO AGENDA ITEMS. AND, UM, I'M ASSUMING THAT FOLKS HAVE HAD TIME TO REVIEW THE MINUTES. ARE THERE ANY QUESTIONS ABOUT THE MINUTES OR COMMENTS? I HAVE A MOTION TO APPROVE THE MINUTES OF THE APRIL 29TH, 2024. I HAVE A QUESTION ABOUT THE VIDEO. WHO'S THAT? I HAVE A QUESTION ABOUT THE VIDEO. OKAY. CAN YOU SEE US? THERE YOU GO. OH, SORRY. WE MIGHT NOT HAVE, CAN YOU SEE AND HEAR US NOW? YES, I CAN. I CAN SEE YOU. OKAY, GREAT. WE, I THINK WE JUST DIDN'T HAVE THE BUTTON. WE HAD SOMETHING ON THE SCREEN, SO I THOUGHT THIS WAS GOING. UM, YEAH, SO I THINK AT THE MOMENT WE'RE TRYING TO, UM, SEE IF ANYONE HAS QUESTIONS ON THE MINUTES. ANY QUESTIONS ON THE MINUTES? ALRIGHT, HOW ABOUT A MOTION TO APPROVE THE MINUTES? I'LL MAKE A MOTION TO APPROVE THE MINUTES. I WILL SECOND. SO THAT WAS LUIS AND WAS THAT JOE? YES. OKAY. NOW ADAM, NUMBER FOUR. UM, REVIEW AND CONSIDERATION OF DEVELOPMENT AGREEMENT. UH, I'LL TURN IT OVER TO STAFF FOR AN EXPLANATION. SURE. OKAY. GOOD AFTERNOON EVERYONE. UM, GOOD AFTERNOON EVERYONE. UM, THANK YOU FOR BEING HERE. WE ARE, UH, HAVE BEEN WORKING DILIGENTLY ON, UM, A PROPOSAL CALLED THE EAST DOC REDEVELOPMENT PROJECT. NEXT SLIDE, PLEASE, ANA. OKAY, AWESOME. SO JUST QUICKLY, WE'LL GIVE YOU SOME BACKGROUND TALK ABOUT THE PROPOSED PROJECT, WHAT OUR RECOMMENDATION IS, AND, UH, FROM STAFF AND THEN NEXT STEPS, NEXT SLIDE. OKAY. I THINK MOST OF YOU KNOW THAT THE OAK CLIFF GATEWAY TIF DISTRICT WAS CREATED IN 1992. UM, IN THOSE 32 YEARS, THERE'S BEEN SEVERAL AMENDMENTS. UM, THE ONE THAT'S MOST NOTABLE TODAY WAS ONE THAT TOOK PLACE IN NOVEMBER OF 2022 WHEN COUNCIL APPROVED THE EXPANSION OF THE GEOGRAPHIC AREA OF THE TIFF DISTRICT, WHICH ADDED 96 ACRES TO THE VISTA. JEFFERSON SUBDISTRICT IS PERTINENT TO TODAY'S PRESENTATION, UH, CREATED THE CLARINE AND BECKLEY, UH, TIFF, UH, I'M SORRY, SUBDISTRICT OF APPROXIMATELY 148, UH, ACRES IN SIZE. THE TERM OF THE NEW, UH, CLARINE BECKLEY TIF DISTRICT IS 30 YEARS. AND HOPEFULLY DURING THAT TIME, WE WILL ACCOMPLISH, UH, WHAT THE, UH, ORIGINAL INTENTION WAS IN THE WAY OF ADDED REDEVELOPMENT VALUE AND THINGS OF THAT NATURE. NEXT SLIDE, PLEASE. SO, SPECIFIC TO THE CLA BECK KEITH, UH, KEITH SUBDISTRICT, UM, THAT WAS ESTABLISHED IN, AGAIN, NOVEMBER, 2022, [00:05:01] THE SUPPORT, WE, IT WAS THE INTENTION WAS TO SUPPORT THE FUTURE SOUTHERN GATEWAY DECK PARK THAT'S NOW KNOWN AS IS THE PARK NOW FROM A NEW NAME, UM, PUBLIC INFRASTRUCTURE CONNECTIVITY IMPROVEMENTS, UH, TO THE, UH, DECK PARK, AND THEN REDEVELOPMENT PROJECTS, UM, ON VACANT, VACANT AND UNDERUTILIZED, UH, PROPERTIES. UM, AGAIN, IT'S A, A 30 YEAR TERM FOR THE TIF DISTRICT. IT WILL SUNSET IN 2052. UM, AND YOU SHOULD KNOW THAT THE ESTOCK REDEVELOPMENT PROJECT THAT WE'RE GONNA TALK ABOUT TODAY IS THE FIRST INCENTIVE APPLICATION FOR THE CLARINET BECKLEY EAST SUBDISTRICT. THAT'S A MODEL FULL. THE NEXT SLIDE PLEASE. ALRIGHT, SO THE PROJECT IS, UM, THE PROPERTY ACTUALLY IS APPROXIMATELY 3.41 ACRES. UH, IT'S LOCATED WITHIN WALKING DISTANCE OF THE, THE DECK PARK, THE DALLAS ZOO, UM, AND THE DARK STATION, THE, UH, DALLAS ZOO LIGHT RAIL STATION. UM, THE PROPERTY'S BEEN VACANT FOR QUITE SOME TIME. UH, IT WAS ORIGINALLY CONSTRUCTED IN, UH, 1930. IT'S BEEN SEVERAL THINGS. MOST, UH, NOTABLE THAT WAS AN ICE WAREHOUSE. AN ICE HOUSE. UM, AND THEN, YOU KNOW, SOMETHING THAT I'LL UNDERSCORE IS THE CURRENT VALUE OF 2.5 MILLION, BUT UPON COMPLETION IT'LL BE, IT'LL HAVE A 7.850 CERTIFIED TAXABLE VALUE, WHICH IS MORE THAN THREE TIMES WHAT IT CURRENTLY IS WORTH. SO IDEAL FOR WHAT WE CALL, UH, UH, CATALYZING DEVELOPMENT. UM, IT'S LOCATED OBVIOUSLY IN DISTRICT FOUR. AND THEN ANOTHER THING TO UNDERSCORE IS IT IS IN A TARGET AREA, UH, PER OUR ECONOMIC DEVELOPMENT, UM, INCENTIVE POLICY. NEXT SLIDE, PLEASE. SO HERE'S SOME PHOTOS OF THE EXISTING CONDITION, THE EXTERIOR OF THE, UM, PROPERTY YOU ALL AREN'T FAMILIAR, SENSE SOME NEED OF SOME LOVE. NEXT SLIDE, PLEASE. PHOTOS OF THE INSIDE, KIND OF DARK AND BELOW ME, BUT NOT FOR LONG, HOPEFULLY. AND THEN NEXT SLIDE. SO OUR DEVELOPER IS HERE TODAY. UM, WE, UH, IT'S 900 EAST CLARENDON, Q-O-Z-B-L-L-C. THE, THEY'RE PROPOSING TO RENOVATE, UH, AND MAKE FOR AN ADAPTIVE REUSE REDEVELOPMENT OF THE BUILDING TO INCLUDE UPGRADING SPACE, BOTH ON THE INTERIOR AND THE EXTERIOR OF THE BUILDINGS. APPROXIMATELY 62,000 SQUARE FEET. THERE WILL BE ONSITE IMPROVEMENTS THAT'LL INCLUDE LANDSCAPING, PUBLIC ACCESSIBILITY. UM, WE READ ALL OF THAT. YOU SAW STREET SCAPE IMPROVEMENTS ALONG THE VEDA STREET FRONTAGE, WHICH IS NORTH. AND THE TOTAL PROJECT COSTS ARE TWO POINT, APPROXIMATELY 2.58 MILLION. NEXT SLIDE, PLEASE. PICTURE OF THE SITE PLAN. NEXT SLIDE. ALL RIGHT. SO QUITE A TRANSFORMATION, UM, AS YOU CAN SEE, AND I MAY NEED AJ TO HELP ME OUT HERE. I BELIEVE THIS FIRST PICTURE, IS THAT FACING ING, IS THAT KIND OF CORNER, THE BUILDING, THE BLACK BUILDING IS KIND OF FACING THE EWING INTERSECTION. OKAY. YEAH. THE SIDE OF IT'S KIND POSITION CATTY CORNER TO THE STREET. SO IT HAS ALMOST TWO FRONTAGES. GOTCHA. NEXT SLIDE. ANOTHER PICTURE, AND THEN NEXT SLIDE PLEASE. AND I BELIEVE THIS ONE IS MORE FACING CLARITY. RIGHT? OKAY. OKAY. AWESOME. NEXT SLIDE, PLEASE. OKAY. SO AS WITH MOST OF OUR PROJECTS OR ACTUALLY ALL, ALL OF OUR PROJECTS, THIS PROJECT PROPOSAL DID APPEAR BEFORE THE CITY'S, UH, URBAN DESIGN PEER REVIEW PANEL, UM, ON APRIL 12TH. AS NOTED, UM, THE COMMENTS WERE PRETTY MINIMAL. WE WERE TALKING TO TOM BEFORE THE MEETING STARTED. UH, MOST OF THE, UH, DISCUSSION WAS REPURPOSING ANY, ANY OPPORTUNITY TO REPURPOSE, UM, THINGS CREATE, UH, UH, USABLE SPACE, GREEN SPACE AND ACTIVE TENANT MIX, WHICH IS THIS DEVELOPER IS, IS KNOWN FOR. SO THAT WAS REALLY GOOD, REALLY TAKING ADVANTAGE OF THE CREEKS EDGE, UH, FOR THE PROJECT. UM, AND OBVIOUSLY THE DEVELOPER, UH, RESPONDED TO THAT, THOSE, UH, RECOMMENDATIONS AND THE PANEL, UM, WAS PLEASED WITH BEING ABLE TO ACCOMMODATE THEIR RECOMMENDATIONS. NEXT SLIDE FOR THE FINANCIALS. NEXT SLIDE. SO ON SEPTEMBER THE SIXTH, WE EXECUTED A TERM SHEET, A LETTER OF INTENT WITH THE DEVELOPER [00:10:01] STAFF IS RECOMMENDING AUTHORIZATION OF A DEVELOPMENT DEVELOPMENT AGREEMENT, UH, WITH 900 EAST CLAIN, Q-O-Z-B-L-L-C, UH, WHICH INCLUDES A TIP SUBSIDY IN AN AMOUNT NOT TO EXCEED 2,000,681, UH, I'M SORRY, 681. 800 IS 64 IN, UH, GAP FINANCING TO MAKE THE PROJECT FINANCIALLY FEASIBLE. NEXT SLIDE. ALRIGHT, SO ADDITION, OBVIOUSLY APPLY, I WON'T READ ALL OF THEM, BUT I WILL CALL OUT SOME OF THEM. UM, OBVIOUSLY THE, UH, THE MINIMUM INVESTMENT IS $7 MILLION FOR THE DEVELOPER IS, IS CONTRIBUTING TO THE PROJECT. UM, THERE IS, UH, COMPLETION DATE OF DECEMBER 31ST, 2027. NEXT SLIDE. WE DIDN'T CATCH THAT. NEXT SLIDE. I THINK WE KIND OF DUPLICATED THAT. OKAY. UM, SPECIAL CONDITIONS WE DID INCORPORATE OR WANTED TO PUT SOME SAFEGUARDS RELATIVE TO THE RESTRICTIVE USES FOR THIS PROJECT. UM, WE, YOU KNOW, SO IS NOT TO CREATE AN UNINTENDED CONSEQUENCE, AND I'M GONNA USE THE WORD ROBUST OR HEAVY MANUFACTURING SLASH INDUSTRIAL. UM, BUT AT THE SAME TIME, WE, FOR LACK OF A BETTER WORD, I'M, I'M, I'M, YOU KNOW, PARAPHRASING, BUT WE DID WANT TO BE PUNITIVE BECAUSE THERE IS, UH, ALMOST LIKE A MOVEMENT OVER THE LAST FEW YEARS OF WHAT THEY, I BELIEVE THEY CALL COTTAGE INDUSTRIAL MANUFACTURERS OR, UM, CRAFTSMAN TYPE BUSINESSES, LIKE CANDLE MAKERS AND THINGS OF THAT NATURE. AND IF YOU GO OUT BUY A CANDLE WITH ESSENTIAL OILS, YOU'RE GONNA PAY A PRETTY PENNY FOR THAT. SO WE DEFINITELY WANT TO ACCOMMODATE THOSE BUSINESSES, BUT AGAIN, NO UN INTENDED CONSEQUENCES. THE DEVELOPER WAS IN ALIGNMENT WITH WHAT WE WANTED. UH, EVEN THOUGH IT'S ZONED, IM, UH, INDUSTRIAL MANUFACTURING. AND I'LL JUST SAY IN YOUR WORDS, YOU KNOW, YOU WANTED TO CREATE AN AFFORDABLE ALTERNATIVE TO THE DESIGN DISTRICT. SURE. SO, AND WE THINK, UH, THE ESTOCK, UH, REDEVELOPMENT PROJECT WILL ACHIEVE THAT, UM, WITH RENTS AND THINGS OF THAT NATURE, LESS THAN MARKET RATE RENTS PROJECT. NEXT SLIDE, PLEASE. LET'S CALL OUT A COUPLE MORE OF THE CONDITIONS. UM, OBVIOUSLY, UH, WE WANT THE DEVELOPER TO OBTAIN A BUILDING PERMIT BY DECEMBER 31. UH, THE COMPLETION DEADLINE IS DECEMBER 31ST, 2027. UH, WHAT ELSE? NEXT SLIDE. AND NEXT SLIDE. UM, THE MINORITY AND WOMEN BUSINESS, UH, ENTERPRISE INCLUSION. UM, WE, UH, WE ARE A LITTLE HEAVY ON THIS ACTUALLY BECAUSE OF WHERE THE PROJECT IS LOCATED AS WELL, BUT HAVE ASKED THE, THE DEVELOPER TO DIS TO DEMONSTRATE A GOOD FAITH EFFORT TO COMPLY WITH THE 40% PARTICIPATION GOAL FOR CERTIFIED MINORITY AND WOMEN-OWNED BUSINESS ENTERPRISES. UM, SO WE'RE THERE, AND I THINK I HAVE ONE MORE. NEXT SLIDE. WE TALKED ABOUT G-B-P-R-P. NEXT SLIDE. OKAY. IMPORTANT FOR THE TIP BOARD. OBVIOUSLY THERE WON'T BE ANY DISBURSEMENT OF ANY PORTION OF THE TIP SUB SUBSIDY UNLESS A MINIMUM OF 50% OF RENTABLE BUILDING AREA IS LEASED AND OCCUPIED, UH, FOR THOSE ACTIVE USES THAT WE'VE SUGGESTED OR WE'VE, UH, TALKED ABOUT RETAIL OFFICE IN FLEX SPACE AS THE DEVELOPER TO ADHERE TO THAT. NEXT SLIDE. NEXT SLIDE. AND THEN ONE MORE. SO THAT BRINGS US TO OUR, UM, NEXT STEPS. OBVIOUSLY WE ARE SEEKING APPROVAL FROM THE TIF BOARD, AND IF WE ACHIEVE THAT, WE WILL BRIEF THE ECONOMIC DEVELOPMENT COMMITTEE ON OCTOBER 7TH, AND WE WILL SEEK COUNCIL APPROVAL ON OCTOBER 23RD, 2024. NEXT SLIDE. SO YOU ALL HAVE THE, THE PRESENTATION PROBABLY BEEN THROUGH THE APPENDIX AND YOU KNOW, ALL THE REST. SO I GUESS WE CAN OPEN IT UP FOR QUESTIONS, TOM. SURE. ANYBODY, UH, ANY QUESTIONS? MEMBERS OF THE BOARD? YEAH, UH, HI, THIS IS CHRIS. I HAVE A QUESTION. ALRIGHT, CHRIS. I THINK CHRIS WILL BE CHRIS, I THINK CAN, CAN YOU HEAR ME OKAY? UH, YOU'RE A LITTLE BIT LOW. OH, OKAY. OKAY. CAN YOU HEAR ME NOW? YEAH, IT'S BETTER. OKAY. UH, JUST CURIOUS, UM, UH, ARE THERE TENANTS LINED UP FOR THIS ALREADY OR IS IT KIND OF BUILDING, BEING BUILT TO SPEC? IT'S MOSTLY BEING [00:15:01] BUILT TO SPEC. WE COMPLETED THE PROJECT UP THE HILL, UH, CALLED THE OAKWOOD ASSEMBLY, WHICH WAS A CHURCH THAT WAS AN ADAPTED FREEZE USE PROJECT. AND WE'VE SEEN A LOT OF DEMAND THERE. SO THAT PROPERTY IS 17,000 FEET. SO WE'RE KIND OF USING IT AS A CASE STUDY FOR THIS PROPERTY. BUT, UM, WE LEASED THAT ENTIRE PROPERTY WITH NO BROKERS, COMPLETELY PEOPLE REACHING OUT TO US BECAUSE I THINK THERE'S SO MUCH DEMAND OVER THERE FOR QUALITY CONSTRUCTED BUILDINGS. OKAY. UM, AND NEXT QUESTION IS, IS, UH, I KNOW THE TARGET WAS, UH, IF I HEARD IT CORRECTLY, THE END OF THE YEAR FOR BUILDING PERMITS. WAS THAT CORRECT? END OF 20, 20, 25. DECEMBER 31. OH, OKAY. ALRIGHT. I, I WAS, I WAS GETTING A LITTLE WORRIED THERE. . THANK YOU. I'M SORRY, I I FUMBLED THAT ONE. CHRIS, ANYTHING ELSE? CHRIS, GET YOUR ACT TOGETHER. NO. HI, THIS IS, THIS IS LUIS. I, I DID HAVE, UH, ONE QUESTION. OH, FIRSTLY, I'VE BEEN TO OAK CLIFF ASSEMBLY. IT'S A FANTASTIC SITE. UM, UH, I DID HAVE A QUESTION. I WASN'T AT THE UAC. UM, IS THAT THE RIGHT, YEAH, UAC. UH, AND I WAS JUST WONDERING FOR STAFF IF THE UAC HAD ANY RECOMMENDATIONS OR, UH, REGARDING THE CITY OWNED PROPERTY TO THE SOUTHWEST THAT BORDERS CLARENDON AND EWING, OR THIS SITE DOESN'T SEEM TO CROSS THE CREEK. UH, I WAS WONDERING IF THE U DECK HAD MADE ANY RECOMMENDATIONS, NOT SPECIFICALLY ABOUT THE NEARBY CITY OWNED PROPERTY, BUT THEY DID TALK ABOUT THE IDEA OF THAT AREA BEING TRANSFORMED WITH, YOU KNOW, YOU'VE GOT THE ZOO THERE ALREADY. THERE'S A COMMITMENT WITH THE COUNCIL OF GOVERNMENTS TO BUILD A PARKING GARAGE. AND THEN THE, THE DECK PARK WE'RE NOW CALLED PARK IS COMING. SO THERE WAS A LOT OF DISCUSSION ABOUT THE FUTURE OF THE AREA AND HOW THIS COULD HELP SET THE STAGE AND THAT IN THE IDEAL WORLD, IT WOULDN'T BE THIS DEVELOPER'S RESPONSIBILITY, BUT IDEALLY THERE WOULD BE FUTURE PROJECTS THAT WOULD BUILD MORE CONNECTIVITY DOWN THE, UM, CLARINET CORRIDOR IN THE FUTURE. OKAY. THANK YOU. YEAH, IT'S JUST A VACANT SITE THAT AFTER THIS WILL LOOKS LIKE IT, UH, COULD BE CATALYZED. THANKS. ALL RIGHT. THANKS LUIS. ANYBODY ELSE HAVE QUESTIONS? UH, YES. I, I I HAVE ONE MORE. UH, WHAT DOES THE DEVELOPER FILL THE DEMAND, UH, IS GONNA BE, I, I KNOW YOU TALKED ABOUT THERE, THERE WAS DEMAND, UM, UH, FOR IT ALREADY. UH, BUT, UH, IS THERE ANY PAST, UH, EXPERIENCE DEVELOPING A PROJECT LIKE THIS? YEAH, THE, UH, WE, WE'VE DONE SEVERAL COMMERCIAL PROJECTS. WE LIVE IN OAK CLIFF WORK IN OAK CLIFF. WE'VE BEEN RESTORING PROPERTIES IN OAK CLIFF FOR 13 YEARS. WE'VE COMPLETED 45 PROJECTS, UM, IN DISTRICT ONE AND DISTRICT FOUR, UM, AND A LITTLE BIT IN WEST DALLAS. UH, YEAH, I THINK THAT THERE'S A TON OF DEMAND AT THEY, THE, THE PROJECT IS REALLY DESIGNED AS MANY ADAPTIVE REUSE PROJECTS ARE AROUND THE PARKING. SO WE HAVE TO, UH, INCORPORATE SOME OF THAT'S WHERE KIND OF THE DESIGN DISTRICT ASPECT OF IT CAME FROM. WE NEED AROUND 20, UM, SORRY, 30% OF THE PROJECT, WHICH IS 20,000 FEET TO BE MORE LIKE A FLEX SPACE USE TO BE ABLE TO MAKE SURE THAT WE HAVE ENOUGH PARKING TO FEED THE RETAIL. UM, SO THIS, BASICALLY WE'RE GOING THIS 30% RETAIL, 30% FLEX, AND THEN, UM, 30% POTENTIALLY COULD OFFICE OR PERSONAL SERVICE KIND OF FOLLOW ONE OF THOSE BUCKETS. UM, BUT YEAH, I FEEL EXTREMELY CONFIDENT THAT THERE'S, UM, THERE'S DEMAND FOR THIS TYPE PRODUCT AT THIS PRICE POINT. YEAH. I, I, I, I REALLY APPLAUD THE, UM, CREATIVE REUSE OF, UH, THE CURRENT BUILDING. UH, IT, IT LOOKS REALLY GOOD AND, UM, THANK YOU. GREAT WAY TO CLEAN IT UP. APPRECIATE THAT. APPRECIATE THIS. YEAH, SO PERFECT. I PLANS TO, UH, IMPLEMENT A LOCAL HIRING INITIATIVE, BUT IT WAS FAR AWAY. AND YEAH, SO ONE OF THE WAYS THAT WE, WE'VE DONE THAT, WE FROM THERE. UM, WE, WE JUST ASKED, WE PUT, PUT THE LOT OF BURDEN ON THE PLAN TO SAY, HEY, WE REALLY WANT YOU HIRING, WE'RE HAVING COMMUNITY COMMUNITY MEETING TOMORROW. AND I, UM, THAT'LL BE DIVIDED HUNDREDS OF PEOPLE TO, AND I EXPECT THAT WE'LL HAVE A GOOD TURNOUT. AND THE FIRST STEP FOR US SAYING LIKE, WHAT DO Y'ALL WANT IN THIS PROJECT? AND THEN FOLLOWED IT LIKE, IS THERE ARE ENTREPRENEURS MAYBE IN THE ROOM TONIGHT THAT ARE IN THE CHURCH. WE ONLY DIVIDED FOUR PEOPLE TO THE MEETING THAT MAYBE HAVE IDEA FOR, UH, POTENTIAL BUSINESSES THAT THEY LIVE WITH. SO THE FIRST TIME IS NOT JUST EMPLOYMENT, BUT POTENTIALLY THE OWNER THEMSELVES, THAT TENANT THEMSELVES BEING FROM DISTRICT FOUR LOCAL. THAT WOULD BE THE, THAT'S THE ULTIMATE, THAT'S THE BEST CASE SCENARIO. UM, IF YOU'RE HAVE TENANT FARM BASED DISTRICT FOUR, UM, THEN [00:20:01] I THINK YOU HAVE TO REALLY PUSH THEM. AND EVEN THE LANGUAGE IN THE LEASE SAYS, WE WANT YOU TO HIRE PEOPLE THAT LEAST MINIMUM CITY. SO ELSE PUT LANGUAGE IN. YEAH. YOU CAN PUT LANGUAGE IN THE LEASE THAT ENCOURAGES YEAH. THAT'S EL TRYING QUESTION. YEAH. AND WE, WE'VE KIND OF HAD THAT DONE BEFORE. 'CAUSE SOME OF OUR, UM, DEVELOPMENT DEALS AND SUBSIDIES ARE JOB CREATION ORIENTED. THIS IS MORE OF A REAL ESTATE DEAL, BUT WE HAVE HAD PEOPLE PUT PROVISIONS IN THEIR AT LEASES BECAUSE THEY'RE GETTING A CITY. I I I, I'M SORRY, WHAT WAS THE LAST QUESTION? I HEARD THE ANSWER, BUT MY QUESTION WAS JUST, UH, HOW DEVELOPER INCENTIVIZED, UM, HOW DEVELOPER MEET THE, THE INCENTIVE FOR, FOR THE LOCAL HIRING MM-HMM . OH, GOT IT. OKAY. THANK YOU. UM, HOW ABOUT OTHER QUESTIONS? LET ME ASK YOU THIS. YEAH. THERE, THERE'S NO REZONING REQUIREMENT. THIS PROJECT, THERE'S NO REZO REQUIRE YOU CONSIDER THAT ALL THE ONLY ZONING GOT, WE POTENTIALLY LOOKED AT DOING. UM, AND DEPENDING ON HOW SUCCESSFUL THE RETAIL IS, WE MAY COME BACK FOR PARTNER REDUCTION REQUIREMENTS BECAUSE OF OUR, UH, PROXIMITY TO THE DART. WE ALREADY GET A REDUCTION IN PARKING BECAUSE OF PROXIMITY TO DART. UM, BUT I MEAN, THERE'S A TON OF DEMAND. UM, THEY'RE BUILDING, SO WHERE THEY'RE BUILDING THE ZOO PARKING GARAGE IS BEHIND THE DART STATION, UHHUH , WHICH IS GONNA ALSO SERVE AS PUBLIC PARKING, PAID PARKING. SO IT DOESN'T, IT'S NOT GONNA BE LIMITED TO ZOO USE. WE THINK THAT WE'LL GET A LOT OF, WE THINK WE'LL GET A CERTAIN AMOUNT OF TRAFFIC FROM THE ZOO. SO WE JUST HAD TO LIKE SEE HOW THE RETAIL USE COME OUT. I DON'T WANNA TURN AWAY AND AWESOME USE THAT WOULD SERVE THE NEIGHBORHOOD BECAUSE WE DON'T HAVE ENOUGH PARKING. GIMME AN EXAMPLE. UH, FOOD AND BEVERAGE. I MEAN, I THINK RESTAURANTS, LIKE WE ONLY HAVE ONE RESTAURANT, UM, ALLOCATED IN OUR ATLANTA NOW THAT'S A HUNDRED PERCENT BECAUSE OF THE PARKING RESTRICTIONS. IF THE PARKING RESTRICTIONS WERE LESS, WE, WE LIKELY WOULD TRY TWO OR THREE FOOD AND BEVERAGE. UM, WHAT'S THE NEIGHBORHOOD DISTRICTS THERE? SO LOCATED IN I, AND I GUESS WHAT I'M ASKING IF YOU HAD ANY CONVERSATIONS WITH THE NEIGHBORHOOD ASSOCIATION? YEAH, WE WE'RE, SO WE'RE HAVING A COMMUNITY MEETING TOMORROW, WHICH IS, WHICH IS THE, WHICH IS NOT JUST THE NEIGHBOR ASSOCIATION, BUT THE BROADER AREA. SO BRENTWOOD IS LIKE A FAIRLY ACTIVE BECKLEY CLUB. FAIRLY ACTIVE. CEDAR OAK IS FAIRLY ACTIVE, NOT VERY ACTIVE ACTUALLY, I WOULD SAY. UM, CEDAR CREST NEIGHBOR ASSOCIATION. WE INVITE ALL THOSE NEIGHBOR ASSOCIATIONS BECAUSE WE DON'T WANNA SEE, I DON'T SEE THE PROJECT AS BEING SOMETHING THAT'S JUST FOR THE IMMEDIATE NEIGHBORHOOD. I SEE IT BEING THE ENTIRE NORTHERN SECTOR OF DISTRICT FOUR. YEAH. YOU KNOW, AS BEING KIND OF A HUB FOR THAT WHOLE AREA. AND I'LL JUST FOCUS OUT THERE, THE COUNCIL MEMBER FREQUENTLY SAYS, UH, FOR VERY, I WANT BISHOP AFIELD. SHE SAID THAT. SHE SAID THAT ABOUT BACK AND FORTH, OR SHE SAID THAT ABOUT OTHER THINGS. SO, YEAH. UM, JUST OUTTA CURIOSITY, WHAT IS THE DECK PARKS SCHEDULED WOULD BE . THE FIRST PHASE IS SUPPOSED TO BE OPEN SPRING-ISH OF 2026. HOPEFULLY THEY CAN GET IT OPEN BEFORE THE, UH, FIFA WORLD CUPS HERE. THANK. ALRIGHT. UM, ANY OTHER QUESTIONS? MEMBERS OF THE BOARD? UH, DOES ANYONE KAREN, MAKE A MOTION RELEASE? IS THAT A MOTION? YEAH, YEAH. SORRY. UM, I, I, I MAKE A MOTION TO APPROVE, UH, THIS, THIS PROJECT. OKAY. WE HAVE A MOTION. DO WE HAVE A SECOND? I WILL SECOND WE SECOND. UM, ANY FURTHER DISCUSSION? ALL RIGHT. UH, ALL IN FAVOR SAY AYE. AYE. AYE. OPPOSED? OPPOSED BY THE SAME SIGN. SHOULD WE GET EVERYBODY? I THINK SO. EVERYBODY'S ON. OKAY. ALL RIGHT. WELL THEN THAT LOOKS LIKE IT BE, NOW WE APPROVE. CONGRATULATIONS. THANK YOU. CONGRATULATIONS. THANK YOU. I APPRECIATE THIS PART. OKAY. LEMME SEE CITY THAT LOOKS LIKE ALL THE BUSINESS WE HAVE TODAY. UNLESS ANYBODY HAS ANYTHING ELSE THEY'D LIKE TO BRING UP AT OUR NEXT MEETING, WHICH WILL BE WEDNESDAY. OUR NEXT MEETING WILL BE OUR ANNUAL REPORT MEETING, WHICH IS I THINK DECEMBER 16TH. IT'S THAT FIRST MONDAY, LIKE THE THIRD, SECOND OR THIRD WEEKEND AT DECEMBER. OKAY. ALRIGHT. WELL, CAN I HAVE A MOTION TO ADJOURN? MAKE THE MOTION SECOND. LUIS. IS MO MOVED? [00:25:01] AND WHO'S TO SECOND? ORLANDO. OKAY. ALL RIGHT. THANKS A LOT. THANK YOU. THANK YOU. THANKS EVERYONE. TOM. TOM, THANK YOU VERY MUCH. HAVE GOOD, GOOD LUCK. BE SAFE. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.