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OKAY, LET'S[Dallas Skillman Corridor TIF District Board of Directors Meeting on December 1, 2023.]
GET STARTED.I'M GLAD THIS ISN'T ONE OF OUR MARATHON MEETINGS ALWAYS TO GET THROUGH, REALLY.
SO, MR. CHAIR, IF YOU'LL CALL US TO ORDER, PLEASE.
IT IS, UH, 9 0 7 ON FRIDAY, DECEMBER 1ST.
I'LL CALL THIS MEETING TO ORDER.
AND, UH, UH, VANESSA, UH, WELCOME TO OUR, UH, GROUP.
UNDERSTAND YOU'RE TAKING CHRIS'S PLACE, AND WE, UH, LOOK FORWARD TO WORKING WITH YOU.
AND, UH, THERE YOU'LL SEE THIS ANNUAL REPORT.
UH, THERE'S A LOT OF INFORMATION IN HERE AND IT'S A GOOD PLACE TO START FOR SOMEBODY THAT'S NEW TO THE GROUP.
AND THEN WE HAVE, UH, MARCUS WALKER ON THE PHONE.
AND MARCUS, CAN YOU INTRODUCE YOURSELF? HE NEEDS TO BE ON VIDEO, BE ON TOWARDS THE PHONE.
YEAH, IT'S, I'M MARCUS WALTER, UH, LIVE IN DISTRICT 10.
I'VE BEEN ON THE, UH, COMMITTEE HERE, UH, FOR A FEW YEARS, UH, WITH, WITH ADAM MCGOO WHEN HE WAS, UH, A CITY COUNCILMAN.
SO, ALL RIGHT, MR. HERE, WE CAN'T COME.
AND TO BE COUNTED, WE HAVE TO BE ABLE TO SEE YOU.
CAN YOU LEMME YEAH, LEMME START THE VIDEO HERE.
DO YOU WANNA GO AROUND? WE ALSO HAVE, UH, BILL BOYD WITH US, SUSAN MORGAN AND, UH, UH, GREG BALL IN THE MEETING.
YOU WANNA MOVE ON TO AGENDA ITEM NUMBER TWO AND SEE IF THERE'S ANYONE FROM THE PUBLIC.
UH, IS THERE ANYONE FROM THE PUBLIC THAT HAS ANY COMMENTS OR QUESTIONS BEFORE WE MOVE ON TO ITEM NUMBER THREE? ALL RIGHT.
WE'LL MOVE TO ITEM NUMBER THREE.
UH, HOPEFULLY YOU GUYS HAVE HAD A CHANCE TO READ THE, UH, NOVEMBER 13TH, UM, MEETING RECORD.
AND IF YOU HAVE ANY COMMENTS OR QUESTIONS, PLEASE NOTE THOSE NOW.
IF NOT, UH, DO I HAVE A RECOMMENDATION TO APPROVE THOSE MINUTES? SO DO I HAVE A SECOND? SECOND.
ALL IN FAVOR OF APPROVING THOSE MINUTES? AYE.
UH, THE NEXT ITEM NUMBER IS NUMBER FOUR, AND THIS IS SOMETHING WE DO ONCE A YEAR.
UH, DORSEY CLARK SPENDS A LOT OF TIME AND EFFORT, UH, TO PUT THIS TOGETHER.
AND AS I'M SURE AFTER YOU READ IT, YOU'LL KNOW THAT, UH, IT'S VERY THOROUGH.
SO WITH THAT, I'M GONNA TURN IT OVER TO DORSEY TO WALK THROUGH IT.
AND THEN I GUESS, DORSEY, ARE YOU WILLING TO HAVE QUESTIONS THAT YOU WALK THROUGH IT OR YOU WANNA WAIT UNTIL THE END? OR HOW DO YOU WANNA DO THAT? UM, I CAN TAKE QUESTIONS AS WE MOVE THROUGH IT, BUT I DO WANNA NOTE THAT AS I WAS REVIEWING IT AGAIN YESTERDAY, THERE'S A BIT OF REPETITION.
SO AT SOME POINT I MAY NOT TALK ABOUT SOMETHING IN DEPTH, BUT MAY GET, GET TO IT LATER.
SO FEEL FREE TO ASK QUESTIONS AS WE GO, BUT AGAIN, I MAY, I MAY IN MY MIND BE ADDRESSING SOMETHING NO PROBLEM.
WHAT I DON'T DO A GREAT JOB OF IS LOOKING AT MY CHEAT SHEET, MY HARD COPY, AND SCROLLING ALONG.
AND THIS IS NOT WORKING VERY WELL.
UH, YOU KNOW WHAT? ONE THING I CAN DO, I THINK IS REDUCE HERE.
SO I HOPE EVERYONE CAN PLAY ALONG EITHER ON WEBEX OR I HAVE ONE EXTRA COFFEE HERE FOR ANYONE IN THE ROOM.
SO ANYONE IS WELCOME TO YELL AT ME TO KEEP SCROLLING, BECAUSE AGAIN, I'M REALLY BAD AT KEEPING UP.
FIRST OF ALL, THE WONDERFUL MS. SUSAN MORGAN NOTICE THAT I PUT IN THE WRONG MAP.
SO I HAVE REPLACED YOUR APPROVAL VERSION WILL HAVE THE CORRECTED MAP IN IT.
I INADVERTENTLY PUT IN AN OLD MAP THAT WAS NOT APPROVED.
SO THIS IS A CORRECT NEW 2023 BOUNDARY.
THAT'S THE SOUTHWEST PORTION OF THE, OF MAP THAT RECEIVED.
IT WAS SOMETHING CONTEMPLATED AND NOT APPROVED.
IT WILL GO TO COUNSEL WITH THE CORRECT VERSION.
ALSO FOR BOARD MEMBERS, IF YOU HAVE QUESTIONS, YOU MIGHT NEED TO CHIME UP BECAUSE TIME, YOU KNOW, JUST TAKE YOURSELF OFF OF MUTE AND YELL AT ME BECAUSE I CAN'T SEE YOU VERY WELL WITH THIS, UM, THE WAY THAT THIS IS CONFIGURED.
UM, MISSION STATEMENT IS ON THE FIRST PAGE, THIS TIP, DISTRICT BOARD.
THIS TIP DISTRICT WAS CREATED IN 2006 AND IT WILL, UM, EXPIRE IN 2035 OR WHEN THE BUDGET,
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UM, IS REACHED THE, WHEN WE CAP OUT, AND WE'LL TALK ABOUT THAT AS WE GO THROUGH KIND OF THE INCREMENT PROJECTIONS.I'M REALLY GONNA KIND OF SKIP THROUGH THIS BECAUSE IT'S A LOT OF HISTORY.
WE'RE REALLY TRYING TO STAY FOCUSED IN THAT FISCAL YEAR, 20 22, 20 23.
UM, WHAT DID OCCUR, AS MOST OF YOU KNOW, IS THAT WE HAD A PLAN AMENDMENT DURING THE FISCAL YEAR, WHICH EXPANDED THE BOUNDARY.
AND WE ALSO DEDICATED, UM, 5.55 MILLION TOWARDS THE FOREST LIO PROJECT.
THE CHART ON PAGE SIX, SEVEN, AND EIGHT TALKS ABOUT THE PROJECT THAT HAD HIP FUNDING AS WELL AS THOSE, THAT SIGNIFICANT PROJECT THAT CAN NATURALLY OCCURRED WITHIN THE DISTRICT TO DATE.
AND ON PAGE EIGHT, THERE'S A SUMMARY OF THOSE ITEMS. MIXED INCOME HOUSING IS IMPORTANT IN ALL OF OUR SHIFT DISTRICTS.
THE, THE REQUIREMENT THAT ANY RESIDENTIAL PROJECT THAT RECEIVES SHIFT FUNDING, UM, THAT 20% OF THOSE UNITS ARE DEDICATED AS AFFORDABLE, DEFINED AS 80% I MEDIAN INCOME IN THIS PARTICULAR TIP DISTRICT.
WE ONLY HAVE ONE PROJECT THAT RECEIVED, UM, TIP DISTRICT FUNDING AFTER WE APPROVE THOSE, UM, GUIDELINES.
AND THAT'S, THAT HAS BEEN, UM, YES.
UM, I'M, YEAH, JUST BEFORE THIS CHART, YOU MENTIONED THE, THE FOREST LIA PROJECT AND THE 5 MILLION INVESTMENT WE MADE.
AS THAT PROJECT EVOLVES, IF THERE IS MATERIAL OR PERHAPS EVEN SOMEWHAT LESS THAN MATERIAL CHANGES IN THE SCOPE OF WHAT THEY INTEND TO DO VERSUS WHAT WE SAW ON THE FRONT END WHEN WE APPROVED THE 5 MILLION, WILL WE BE APPRISED OF THAT? IT, I WOULDN'T TYPICALLY BRING IT BACK TO THE BOARD UNLESS IT WAS A FINANCIAL DECISION.
IF THERE WAS SOMETHING THAT SAID WE HAVE A NEW, BIGGER AND BETTER PROJECT TIP, WILL YOU PUT IN MORE MONEY? THEN OBVIOUSLY I WOULD BRING IT BACK.
BUT IF IT WAS DESIGN CHANGES, THAT WOULD NOT BE MY, OR EVEN EVEN UH, UH, AMENITY, YOU KNOW? YEAH.
THE, THE PICTURE THAT WAS PORTRAYED VERSUS WHAT OVER TIME, YOU, YOU ARE WELCOME TO DIRECT STAFF TO BRING ANY MATERIAL CHANGES BACK AS A COURTESY TO
I JUST THINK IT'S HELPFUL BECAUSE, YOU KNOW, I, I FOUND MYSELF AT LEAST A COUPLE OF DIFFERENT OCCASIONS SPEAKING TO SOMEONE ABOUT THIS YEAH.
BASED ON MY EXISTING KNOWLEDGE.
WHICH MIGHT COULD HAVE BEEN DIFFERENT, YOU KNOW, BY WHOEVER, WHETHER THE COUNCIL OR SOME, THE FIRST DEPARTMENT, WHOEVER, I DON'T KNOW, JEN SAID AS A BOARD MEMBER YOU'D WANT TO STAY ACROSS, PARTICULARLY IF IT THIS, EVERYONE AT SOME POINT FOUND THEMSELVES IN A PICKLEBALL CONVERSATION LATELY.
SO THAT'S HOW WE ENDED UP IN THIS YEAH.
AND WHAT'S GONNA BE THERE AND ALL THESE KINDS OF THINGS.
AND I'M LOOKING FOR MY MATERIALS.
THEN I SAID, BUT I DON'T KNOW IF THIS IS STILL THE CURRENT MATERIAL.
WELL LET, LET'S, WE'RE GONNA TALK ABOUT THE STATUS OF THAT.
AND I'M NOT GONNA HAVE, I WOULD, AS WE KIND OF TALK THROUGH THINGS THAT ARE RELEVANT TO THIS, THAT'S IN THIS PACKET, IT WOULDN'T BE APPROPRIATE FOR YOU TO APPROVE THIS SUBJECT TO, BECAUSE IT'S NOT GONNA RESIDE IN HERE.
I JUST, IN THE MINUTES I CAN UNDER THE COMMENT SECTION, YOU KNOW, THAT THE BOARD MEMBERS DIRECTED STAFF TO BRING BACK, SO WE CAN GET THERE FOR SURE.
UM, TIF DISTRICT INITIATIVES, UM, BEGINS ON PAGE EIGHT.
AND THIS PARTICULAR TIF DISTRICT IS A LITTLE DIFFERENT THAN SOME OF THE OTHERS.
SOME OF THE OTHERS HAVE WHERE EACH YEAR THERE'S A DEDICATION OF DISTRICT WIDE FUNDS THAT IS KIND OF KEPT SEPARATE FROM PROJECT FUNDS.
IN THIS CASE, AS MOST OF YOU KNOW, THAT THE DISTRICT WIDE FUNDS ARE DEDICATED UPON REQUESTS.
UM, AND THAT CAN COME FROM AN OUTSIDE ENTITY AND OTHER DEPARTMENTS FROM OUR DEPARTMENT.
SO THOSE ARE ALL THOSE KIND OF DISTRICT WIDE, UM, PROJECTS OR INITIATIVES THAT WE'RE DOING THAT AREN'T RELATED TO A DEVELOPER A DEVELOPMENT.
SO THAT'S WHAT PAGE EIGHT STARTS WITH.
AND THIS, UM, DISTRICT HAS DONE A CONSIDERABLE BOUND OF WORK IN THE DISTRICT WIDE IMPROVEMENTS, SOMETIMES MATCHING OUTSIDE FUNDING, SUCH AS COG GRANTS.
UM, AT THE BE BEGIN AT THE BOTTOM OF PAGE NINE
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IS WHERE WE TALK ABOUT THE DREDGING PROJECT.AT THE LAST MEETING, THERE WAS AN UPDATE ON THE DREDGING PROJECT.
UM, DWU TOLD US THAT THE COMPLETION SHOULD BE IN SPRING 2024 WITH REGARD TO THE, UM, WATERPARK POND STUDY, THE MAINTENANCE DU REDUCING CAPITAL IMPROVEMENT STUDY THAT WAS COMPLETED IN 2022 WITH THE RECOMMENDATION THAT SCENARIO D WAS TO BE FOLLOWED.
HOWEVER, ADMITTEDLY, THERE ARE NOT A LOT OF NEXT STEPS OF, OF HOW AND WHEN THAT WOULD BE IMPLEMENTED.
AND STAFF WILL CONTINUE TO WORK, UM, WITH THE PROPERTY OWNERS AND THE HEAD ON MAINTENANCE RESPONSIBILITY, UM, MOVING FORWARD WITH THAT.
AND WE KNOW THAT WE DON'T WANT THAT STUDY SITTING FOREVER, BUT THERE'S, WE ALSO NEED TO GET THIS POND WORK COMPLETED AND THEN KIND OF HASH THAT OUT.
SO WE KNOW THAT'S KIND OF AN OUTSTANDING, DID YOU SAY THERE WERE SEVERAL OPTIONS AND THEY PICKED ONE THAT THEY DID AND THAT WAS, WE, WE, THAT WAS AT A TIP BOARD MEETING.
ALL BUT THAT'S HOW WE DECIDED HOW MUCH WE WERE GONNA SPEND AND HOW DEEP IT WAS GONNA BE IN EFFECT THAT STUFF NO, ONCE THE STUDY WAS COMPLETED.
DW DWU REPORTED OUT THEIR FINDINGS OF THE STUDY.
AND THEY RECOMMENDED SCENARIO D, WHICH WAS KIND OF A HYBRID, AND I CAN PUT THAT BACK IN FRONT OF THE BOARD THAT PROBABLY THE MIDDLE OF PAGE 10, UM, WAS ABOUT THE
UM, ALL OF THE LIGHTS, UH, WERE FULLY ACTIVATED ON MAY 12TH.
UM, THE DEPARTMENT WAS VERY SPECIFIC WHEN I ASKED FOR THAT UPDATE, BUT THE CONDUIT AND CABLE INSTALLATION IS STILL UNDERWAY TO GET THE FIBER OPTICS.
UH, IT JUST TOOK A WHILE TO DO THE MATERIAL ACQUISITION, SO THAT IS STILL UNDERWAY.
UM, I DO NOT HAVE A SPECIFIC TIMEFRAME THAT THE DEPARTMENT SHOULD HAVE IT DONE, BUT I, I PING THEM PROBABLY ONCE A MONTH TO GET A STATUS AND TO REMIND THEM TO MOVE ALONG.
UM, BOTTOM OF PAGE 10 IS, UM, ABOUT FOREST ALIA PROJECT.
THE GROUNDBREAKING, WHICH I KNOW MANY OF YOU ATTENDED, WAS ON JUNE 13TH, 2023.
AND I WANNA NOTE THAT, UM, THE PARTS DEPARTMENT IS CURRENTLY AND CONTINUING TO BE, UM, IN DISCUSSIONS WITH ALL OF THE OTHER DEPARTMENTS THAT WILL BE HOUSED WITHIN THAT FACILITY.
SO THEY STILL NEED TO GO BACK OUT TO THE COMMUNITY, UM, BEFORE THEY FINALIZE DESIGN, BUT THEY'RE ON A LITTLE BIT OF A HOLD BECAUSE THEY NEED TO MAKE SURE THAT THE FACILITY WORKS FOR DPD FOR CULTURAL AFFAIRS FOR THE LIBRARY.
THERE'S NO REASON TO GO OUT UNLESS DPTS LIKE, YOU KNOW, NO, I DON'T LIKE IT CONFIGURED THAT WAY.
SO THEY'RE WORKING ALL OF THAT INTERNAL WORK RIGHT NOW.
I'LL GO BACK OUT TO THE COMMUNITY, FINALIZE DESIGN, AND THEN MOVE FORWARD.
SO, UM, TO YOUR POINT, ONCE THEY GET A LITTLE BIT FURTHER DOWN THE ROAD, THEN I CAN BRING BACK, UM, WHATEVER THE NEXT, I DON'T KNOW WHAT PERCENT DESIGN WILL BE UP, BUT WHEN SOMETHING'S READY TO SHAKE OUT, I CAN CERTAINLY BRING IT BACK TO THE BOARD.
PAGE 11 AND 12 IS KIND OF JUST A CHART SUMMARY OF ALL THOSE DISTRICT INITIATIVES, AND THEY'RE SPLIT BY THE LAKE HIGHLANDS TOWN CENTER AND THEN OTHER INITIATIVES.
PAGE 13 IS AN UPDATED PROJECT MAP.
UM, JUST TRIED TO CLEAN IT UP GIVEN, UM, THE NEW BOUNDARY MAP A QUESTION.
I JUST HAPPENED TO NOTICE THAT THE DO FILLED THEATER WAS REMOVED FROM THE LID.
IT, YEAH, I, LET ME CHECK ON THAT.
UM, BUT IT SHOULD NOT IF THERE WAS A REASON OR
AND REMEMBER THERE WAS SOME INVOLVEMENT AND I DON'T REMEMBER WHAT IT WAS.
YEAH, NOTHING, NOTHING SHOULD HAVE CHANGED.
SO LET ME, LET ME JUST CHECK THE MAP.
UM, I DO WANNA NOTE THAT, YOU KNOW, WE'RE, THIS IS A TIME TO KIND OF BRAG AND TALK ABOUT ALL THE ACCOMPLISHMENTS THROUGH THE YEARS, BUT THERE'S ONE PROJECT THAT WAS, WE KNEW THAT THE COMPANY WAS HAVING CHALLENGES BEFORE THE END OF THE FISCAL YEAR, BUT THEY DID NOT ANNOUNCE
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THAT THEY WERE NOT MOVING FORWARD WITH THE GOOSE UNTIL AFTER THE CLOSE OF THE FISCAL YEAR.SO THIS IS ALWAYS KIND OF, YOU KNOW, ITS STRANGE THAT I'M SUPPOSED TO DO A SNAPSHOT THAT ENDS BY A DATE CERTAIN.
SO THE GOOSE IS IN HERE WITH HOPE THAT SOMEONE ELSE PICKS UP THAT PROJECT AND MOVES IT FORWARD BY NEXT YEAR.
BUT IT IS STILL LISTED, BUT IT WAS ANNOUNCED THAT THAT IS ONE OF THE PROJECTS THAT HAS, HAS THERE BEEN, ISN'T ELLIOT TAKEN IT OVER? I I HAVE NOT HEARD.
DID YOU SAY? NO, THIS IS NOT OFFICIAL.
BUT MY UNDERSTANDING IS THAT THE, THAT THE, THAT THE INFRASTRUCTURE THAT'S ALREADY BEEN PUT IN AS THE GOOSE IS TOO SMALL FOR WHAT ELLIOT WANTS TO DO, AND THEREFORE ELLIOT IS NOT DO IT.
IS ELLIOT A HOME BUILDER OR WHO IS ROBERT? HE'S THE ONE NEXT TO IT.
I I HAD HEARD ABOUT THE INFRASTRUCTURE.
I HAD HEARD THAT THEY WERE GOING TO PROCEED WITH THE ORIGINAL DESIGN, ALBEIT NOT WHAT HE NORMALLY DOES.
I MEAN, COULD THAT BE, I DON'T KNOW.
YEAH, THAT'S WHAT, BECAUSE IT'S IN BANKRUPTCY, ISN'T IT? THE GO YEAH.
THAT'S MY UNDERSTANDING STORYBOARD.
PAGE 14, WHICH IS KIND OF THE MEAT OF WHAT THIS ANNUAL REPORT IS ALL ABOUT, THE FINANCIALS.
UM, AND I DIDN'T ANNOUNCE THAT WE HAVE SEVERAL MEMBERS OF OUR, UM, ACCOUNTING TEAM ON THE CALL SO THAT WHEN WE GET THE FINANCIALS, THEY CAN ADDRESS QUESTIONS IF YOU HAVE THEM.
BUT, UM, THE HEALTH AND VALUE OF THE DISTRICT WE'RE ABOUT $1.5 BILLION WORTH OF VALUE IN 2023.
THAT INCLUDES ABOUT 26 AND A HALF MILLION DOLLARS FROM THOSE NEW 19 PARCELS THAT WE ADDED, UM, DURING THE FISCAL YEAR, UM, INCREASE OF 315% OVER, UM, THE BASE VALUE AND 18.1% INCREASE SINCE LAST YEAR.
SO, UM, YOU KNOW, THAT'S HEALTHY GROWTH AT 18% OVER THE YEAR.
AND THAT WILL MEAN THAT WE WOULD EXPECT IN OUR 2024 COLLECTION FROM 2023 VALUES TO BE $11.46 MILLION.
UM, THERE'S A NOTE HERE OF THAT PORTION THAT GETS EARMARKED FOR RISD AND THE 19 PROPERTIES.
ARE THOSE THE PROPERTIES IN THE NORTH? THOSE ARE THE NORTHERN NORTH, YES.
THE NORTHERN PARCELS UP ALIA TO FOREST.
IS IT SAYING THERE HOW MUCH THEY WERE VALUED AT? NO, I JUST PUT A NOTE THAT OKAY.
IT, IT, IT, THE ORIGINAL BASE WAS $336 MILLION MM-HMM
THE ADJUSTED BASE, THE NEW VALUES RIGHT.
IT WOULD BE INTERESTING TO TRACK, MAKE SURE THAT WE TRACK, YOU KNOW, THE GROWTH.
I WOULD LIKE TO SEE WHAT THE GROWTH IS AND VALUES NORTH WITH THE NEW ADDITION.
YOU KNOW, KIND OF KEEP KIND OF SEPARATE AND THEN BRING ALONG.
WE'LL ALWAYS BE ABLE TO SEE THAT BECAUSE THE TAX ROLL THAT WE RECEIVE FROM, UH, DA MM-HMM
FROM THE APPRAISAL DISTRICT WILL CALL IT A ZONE FEE AND IT'LL BE ITS OWN THING FOREVERMORE.
YEAH, BECAUSE I MEAN, THERE'S ALWAYS A CHANCE IF PROPERTY VALUES GO DOWN UP THERE DIMINISH THE VALUE, THE TIP.
THEORETICALLY, I'M JUST SAYING THAT'S
UM, PAGE FOUR TEAM THROUGH SOMETHING, UM, GOES THROUGH THE OBJECTIVE PROGRAMS, UM, SUCCESS INDICATORS.
THOSE ARE FROM THE TIF DISTRICT PLAN AND, YOU KNOW, HOW IS IT BEING IMPLEMENTED? SO MID PAGE, WE'RE ABOUT 64% ON THE RETAIL GOALS, 34% ON THE RESIDENTIAL GOALS.
UM, THE NEXT PAGE TALKS ABOUT, UM, SOME KIND OF REDEVELOPMENT TO THOSE AREAS AROUND SKILLMAN STREET.
A LOT OF THIS IS IN HERE YEAR OVER YEAR, SO I'M NOT GONNA GO THROUGH ALL OF 'EM.
UM, OBVIOUSLY THERE'S BEEN SOME GREAT, UM, PROGRESS ON LBJ EAST AND THE LAKE HIGHLANDS GATEWAY BRIDGE AND WHAT WE ALL KNOW AS THE SKILLMAN BRIDGE, THOSE ARE MOVING TOGETHER.
UM, AND IN PROGRESS, UH, WE TALK ABOUT THE SCHOOLS, THE RISC SCHOOLS, AND THEN THE DART RIDERSHIP.
WE'VE DONE SO MANY YEARS, WE'RE ABOUT TO BUMP ME OFF THE PAGE HERE MM-HMM
BUT, UM, YOU KNOW, STARTING TO LOOK A LITTLE BIT HEALTHIER AGAIN, POST COVID, UM,
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YOU KNOW, THAT REALLY OBVIOUSLY DID RIDERSHIP, BUT THERE'S SOME ACCOUNTING HERE ON THE DART RIDERSHIP OF THE TWO STATIONS WITHIN THE DISTRICT.UM, I WANNA NOTE ON PAGE 17, AGAIN TALKING ABOUT THE FINANCIAL HEALTH.
UM, THE DISTRICT BUDGET IS $49.7 MILLION AND THAT'S THE NET PRESENT VALUE.
RIGHT NOW WE'RE AT 32.1 MILLION AT 65% OF THE GOAL WITH A VERY MODEST GROWTH PROJECTION ANNUALLY.
WE WILL ABSOLUTELY COLLECT ALL OF THE INCREMENTS WELL IN ADVANCE OF 2035.
UM, I RAN IT AT 1.5% AND THAT FINISHES THE COLLECTIONS AT ABOUT 2029.
SO AGAIN, EVEN THOUGH THE TIP DISTRICT LIVES UNTIL 2035, WE ACTUALLY STOPPED IN SUNSET IF WE REACHED THAT BUDGET CAP.
SO, UM, UNLIKE SOME OF MY OTHER TIP DISTRICTS THAT EXPIRE IN 20 27, 28, YOU REALLY START THINKING ABOUT THOSE CLOSEOUT PROJECTS AT SOME POINT IN THE NEXT SAY, TWO YEARS.
WE REALLY NEED TO KIND OF FIGURE OUT THAT BIG PICTURE OF CLOSEOUT PROJECTS.
SO WHAT IS HIRE, I'VE GOT A COUPLE QUESTIONS.
WHAT IS OUR TOTAL FUNDING GOAL? IS IT 50? LET'S GET TO PAGE 20 TO GO THROUGH THAT.
UM, SO SAY WE HIT THAT FUNDING GOAL IN TWO YEARS.
IT DOESN'T EXPIRE FOR A LONG TIME, BUT WE HIT THAT FUNDING GOAL IN TWO YEARS.
WHAT'S OUR CLOCK? WE HAVEN'T BEEN IN A SITUATION LEGALLY WHERE WE'VE REACHED IT WELL IN ADVANCE.
UM, AND SO THAT LANGUAGE OF THE TERMINATION, THE SUNSET REALLY NEEDS TO BE EXAMINED, BUT THERE PROBABLY WILL BE PRESSURE TO CLOSE IT DOWN.
UH, BUT, YOU KNOW, CAN, CAN IT STAY OPEN IF WE HAVE COMMITMENTS, WE HAVE SOME FUNDS AND THEN THE MONEY JUST NO LONGER GETS COLLECTED.
I MEAN, THERE'S PROBABLY SOME LIKELIHOOD, BUT THERE'S, WE'LL PROBABLY START GETTING SOME PRESSURE TO HAVE COMMITMENTS FOR THOSE FUNDS.
WHO, WHO MAKES THE DECISION WHETHER WE WANT TO NOT CLOSE IT, IF WE HAVE COMMITMENTS THAT WE THINK, IS IT THE CITY OR THE FOUR? WELL, CLOSING, I GUESS I CAN THINK BACK TO CITY PLACE AND STATE THOMAS, THEY DIDN'T GET CLOSED.
THE INCREMENT JUST DIDN'T CONTINUE TO COME INTO THE FUND UNTIL ALL THE PROJECTS WERE WRAPPED UP AND THEN THERE WAS AN OFFICIAL TERMINATION.
SO, I MEAN, ONE THING I THINK THAT NEEDS TO BE ON THIS BOARD MIND, BECAUSE WE'VE BEEN, MY POINT OF VIEW, BILL'S OPINION FAIRLY PASSIVE STUFF HAS BEEN COMING TO US AND WE'VE BEEN IMPROVING.
WE MAY NEED TO BECOME MORE ACTIVISTS OR THERE'S GONNA BE SOME CONSIDERABLE PRESSURE FOR THIS MIGHT BE CALL THAT, WELL I KNOW DORSEY, IN ONE CASE SHE CALLED, UH, THAT SHOPPING CENTER, UM, AT, UH, IS IT ELIA OR MALL? RIGHT.
YOU KNOW, WANNA MAKE SURE, YOU KNOW, THE TIP IS HERE, THE GUYS NOW WE'RE NOT INTERESTED.
SO, I MEAN, PEOPLE HAVE DONE THAT, BUT IT'S JUST, YOU GOTTA FIND THE RIGHT PROJECT.
BUT YOU ARE CORRECT THAT IT IS.
OTHER TIP DISTRICTS AS THEY'VE GOTTEN TO THAT POINT OF CLOSEOUT, IS THEY STARTED KIND OF A WISHLIST OF PRIORITIES THAT THEY WANNA SEE OCCUR BEFORE TERMINATION.
SO WITHIN THE NEXT SAY TWO YEARS, YOU KNOW, WE'RE GONNA TALK ABOUT SEAL MINISTRY A LITTLE BIT AS FAR AS GOING FORWARD PROJECTS, BUT PROJECT, YOU KNOW, THE NEXT YEAR OR TWO, IF THERE ARE OTHER PROJECTS ON THAT CLOSEOUT PRIORITY LIST, THEN WE CAN, WE SHOULD DISCUSS.
UH, QUICK QUESTION BACK FROM THE RESIDENTIAL AND, YOU KNOW, NOT BEING THAT GOAL, UH, YOU KNOW, THERE'S BEEN A LOT OF APARTMENTS BUILT NORTH OF, UM, WALNUT HILL RECENTLY.
UM, WOULD THAT BE INCLUDED IN THESE NUMBERS? I MEAN, TH THERE'S A LOT THAT ARE IN THERE SQUARE FOOTAGE WISE AND UNITS.
I JUST WONDERED IF THAT'S PICKED UP ON PAGE 14.
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NOT BECAUSE WE'RE USING WHAT'S IN THE CHART.SO, UM, THIS IS ALWAYS A LITTLE BIT CHALLENGING THAT WE KNOW WHAT'S GOING ON ON FUNDED PROJECTS AND THEN THE REST OF THE YEAR WE'RE GRABBING ARTICLES, ZONING CASES, EASEMENT THAT GOES THROUGH COUNCILS THAT LOOK LIKE A PROJECT.
BUT THERE ARE CERTAINLY TIMES THAT THINGS ARE HAPPENING IN THE MARKET THAT WE'RE NOT CAPTURING.
SO IF, IF YOU WELL, IT IS A LAND PROJECT.
I MEAN THEY'RE, THEY'RE RELEASING THEM AND PEOPLE LIVING THERE.
YEAH, THAT'S, I STILL HAVE, UM, THE ONE JUST NORTH OF WTOP.
I HAVE THAT, UM, LISTED STILL AS UNDER 403 UNITS AND I HAVE IT LISTED UNDER CONSTRUCTION BECAUSE IT WAS PHASES AND I KNOW THAT THERE ARE PEOPLE LIVING IN SOME, YEAH.
SO NEXT YEAR PROBABLY IS NOT INCLUDED? NO, IT WILL BE BECAUSE IT'S IN THE CHART.
WHERE'S THE CHART? WHICH PAGE? UM, PAGE EIGHT.
YOU CAN SEE THAT PROJECT LONG WAY TO GO IF THAT'S INCLUDED.
WHICH ONE? THE ONE NORTH OF THE TOWN CENTER.
WELL, THERE'S SEVERAL DIFFERENT COMPLEXES WITHIN THERE.
I MEAN THEY'RE ALL, THEY HAVE KIND OF DIFFERENT NAMES AND THE MARKET IS A LITTLE DIFFERENT.
I THINK THEY'RE OWNED BY THE SAME OWNER ALL UNDER THE UMBRELLA NAMED LEN? I THINK SO, YEAH.
WHICH FOUR AND THREE UNITS THAT I GUESS SOUNDS ABOUT RIGHT.
WE DO THINK THAT'S HOW MANY, THERE'S LOT UNITS IN THERE.
I CAN'T, THEY HAVE A LOT OF, SORRY, EVERYONE CHECKING.
UM, ODIN AND HUGHES IS THE DEVELOPER ON THAT AND I'M NOT, DID THEY USE TIFF MONEY ON THAT PROJECT? NO, NO, NO.
BUT IT BUT WE, YOU COUNTED IN OUR NUMBERS, RIGHT? IT IS CORRECT.
IT, IT IS A DISTRICT INITIATIVE WHICH HOPEFULLY SPENDING GIFT MONEY, YOU KNOW, IMPROVES THE WHOLE DISTRICT.
I GUESS WHAT I'M SAYING IS DOLEN IS INCLUDED IN THERE AND THAT'S THE MOST ACTIVE MULTI-FAMILY PROJECT GOING ON IN THE AREA.
WE STILL GOT A LONG WAY TO GO TO MEET RESIDENTIAL AND OPEN MEET WITH SINGLE FAMILY RATHER THAN OPEN FAMILY.
BUT, UM, WELL THE OTHER SUBJECT THAT YOU KNOW, COMES UNDER THIS UMBRELLA IS THE DEVELOPMENT THAT SHOULD HAPPEN AT L BJ ILLNESS.
AND WHILE THERE'S CONSTRUCTION THERE THROUGH 2024 INTO 2025, WE'RE NOT GONNA SEE ANYTHING, BUT HOPEFULLY BETWEEN THEN AND WHEN DO YOU THINK THE SUNSET WOULD BE? YOU SAID 2027 MAYBE? YEAH.
YOU KNOW, THERE'S HOW MANY ACRES? 7, 10, 12 ACRES OF INTEL DEVELOPMENT OPPORTUNITY UP THERE.
WE'VE GOT ZONING THINGS TO TALK ABOUT IN THAT AREA AND WHAT AND WHAT ACTUALLY HAPPENED, BUT THAT'S OUR OPPORTUNITY TO MAKE UP SOME PROGRESS.
SO LET'S HIT PAGE 18 WITH THAT.
OH, YOU GUYS AREN'T YELLING AT ME TO PLAY ALONG.
UM, THE 2023 PLAN AMENDMENT ADDED TWO, UM, DEVELOPMENT GOALS AND OBJECTIVES AND ONE IS TO DEVELOP COURSE ON ALIA AND TO MS. MORGAN'S POINT TO ENCOURAGE DEVELOPMENT REDEVELOPMENT OF THE PROPERTY NORTH OF LBJ FREEWAY ALONG ELIA IN CONJUNCTION WITH THE LBK EAST IMPROVEMENTS AND THE ENHANCED GILMAN BRIDGE ALONG THE NEW ALIGNMENT.
ON PAGE 18 FOR THE BOARD MEMBERS THAT HAVE BEEN, THAT WERE BOARD MEMBERS IN DECEMBER, JUST DO A DOUBLE CHECK FOR ACCURACY.
WE ONLY HAD, UM, THAT RIGHT? DID WE JUST HAVE THE ONE? NO, WE, WHAT DID WE HAVE HERE? ONE MEETING.
I WAS THINKING WE DID A BIG PLAN AMENDMENT.
WE DID IT ON THE SAME DAY AS THE ANNUAL REPORT DAY, SO IT WAS ALL IN ONE MEETING, SO THAT'S CORRECT.
I WAS QUESTIONING MYSELF THERE.
AND THEN, UM, THE CITY COUNCIL ITEMS THAT WERE, UM, RECOMMENDED BY THE BOARD ARE LISTED ON PAGE 18 AND 19.
LET'S GO THROUGH THE BUDGET REAL QUICKLY.
THANKS FOR STICKING WITH ME HERE.
UM, JUST A NOTE AS ALWAYS, WHEN WE COME TO THE BOARD, WE DON'T HAVE THE ADMINISTRATIVE COSTS.
SO WHEN YOU MAKE A MOTION ON THE, UM, RECOMMENDATION OF THE ANNUAL REPORT, UM, I WOULD REQUEST THAT IT IS MADE WITH
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THE ABILITY TO MAKE MINOR AMENDMENTS IF WE CATCH ANY SMALL LITTLE ERRORS AS WE GET READY FOR COUNCIL AND OBVIOUSLY TO ADD IN THOSE ADMINISTRATIVE COSTS.OKAY, SO MS. BOYD AND EVERYONE, THE NTV BUDGET IS LISTED, UM, ON THE BOTTOM OF PAGE 20.
THE ONLY CHANGE FROM THE PLAN AMENDMENT WAS THAT WE ADDED REDEVELOPMENT OF PUBLIC FACILITIES AS UM, AN ELIGIBLE EXPENDITURE AS ALLOWED BY STATE LAW.
UM, BUT HOW THAT TRANSLATES INTO TOTAL DOLLARS IS THAT TOP CHART AND THAT FLUCTUATES EACH YEAR BASED ON OUR MPV, HOW FAST OR SLOWS THAT INCREMENT COMES IN.
SO OF THE 112.5 ISH MILLION DOLLARS IN TOTAL BUDGET CAPACITY, THIS IS OVER THE LIFE OF THE TIP.
UM, WE'VE SPENT 30.7 MILLION WITH ABOUT 82 ISH REMAINING IN BUDGET CAPACITY.
WE'LL GO THROUGH IN A MINUTE TO CASH ON HAND NOW.
ALRIGHT, SO THE 33.9 MILLION TOWN CENTER, UM, THAT IS BUDGETED BUT NOT FIXED, DOES THAT STILL, THAT YOUR MARKET HAS TO GO IN, IN THAT LITTLE CIRCLE OR CAN THAT BE USED FOR OTHER SO TO IMPLEMENT A PLAN AS IT IS CURRENTLY WRITTEN, IT HAS TO GO WITHIN THE TOWN CENTER.
THAT DOES NOT MEAN THAT TWO, THREE YEARS FROM NOW, IF THERE ARE NO OTHER PROJECTS TO BE HAD AND THERE IS SOME OTHER DIRECTION AND ANOTHER AREA FOR THESE FUNDS TO BE DEPLOYED, A PLAN AMENDMENT COULD REDIRECT THOSE FUNDS.
BECAUSE I MEAN, REALISTICALLY CONTENT, RIGHT? I MEAN THERE'S ONE PARCEL LAND THERE IN THE CORNER.
BUT YEAH, THAT'S NOT GONNA TAKE, THAT'S PROBABLY SOMETHING THAT WE START THINKING ABOUT.
SO THE OTHER SKILL COURT IMPROVEMENT, THAT WOULD BE THE SKILL OF THE STREETSCAPE MONEY WOULD COME OUT OF THAT IF WE ASSOCIATES TO APPROVE THAT, RIGHT? YES, YES.
I WOULD ENVISION THAT UNLESS THERE'S SOMETHING THAT GOES RIGHT BY THE TOWN SQUARE FROM THAT CATEGORY.
IF, IF SOMETHING WHERE THE LAND PROJECT IS ACROSS WALL HILL, NORTH WALL HILL, WOULD THAT BE INCLUDED IN THE TOWN CENTER SINCE THAT WAS ORIGINALLY BALLPARK WITH THE DARK STATION? YES.
WE WOULD LIKELY PULL FROM THIS CATEGORY.
THIS IS KIND OF INTERNAL ACCOUNTING.
WELL, THE REASON I ASK IS BECAUSE, YOU KNOW, AT CORNER THERE, THE NORTHEAST CORNER SKILLMAN AND WALL HILL, IT CAN BE DEVELOPED IN RETAIL.
IF THEY CAME AND ASKED FOR TIP FUNDING, IF THERE WAS A COMPELLING REASON FOR PARTNER ON THAT, WE WOULD PULL IT FROM THAT CATEGORY.
WE COULD BE AN ADVOCATE FOR THAT.
KNOW ANYBODY THAT WORKING THAT.
THE NORTHWEST
NORTHEAST, YOU KNOW WHERE THAT PARCEL LANDING BETWEEN THE TRAIN STATION AND SKILLMAN.
WEST OF THE DARK PROPERTY AND THEN THE CLINICS, ALL THAT.
YEAH, IT'S, IT'S PRETTY SIZEABLE PROPERTY I FEET ANYWAY.
CAN I ASK A QUICK QUESTION? OF COURSE, THE R THE RISD FACILITY IMPROVEMENT, CAN YOU QUICKLY, AND MAYBE I'M JUST MISSING SOMETHING OR HAVING READING ISSUES, CAN YOU EXPLAIN WHAT THAT IS? IT'S ON PAGE, IT'S UNDERNEATH THE, IT'S IN THE SKILLMAN COURT.
JUST KIND OF BRIEFLY COVER WHAT THAT COVERS.
THE FACILITY IMPROVEMENT CENTER FOR ISD? YES.
THAT AS PART OF OUR INTERLOCAL AGREEMENT WITH RISD TO UM, BE ABLE TO GET, UM, COLLECT INCREMENTS FROM THE SCHOOL DISTRICT.
THAT WAS PART OF THE AGREEMENT THAT WE WOULD SET ASIDE A CERTAIN PERCENT OF THOSE COLLECTIONS TO GO BACK TO LAKE HIGHLANDS, UM, FACILITY IMPROVEMENTS IN THE PAST, THERE WERE SOME IMPROVEMENTS TO THE STADIUM, I BELIEVE YEARS AGO.
UM, BUT EACH YEAR THERE'S A LITTLE PIECE OF THE INCREMENTS THAT GIVES KIND OF QUOTE UNQUOTE EARMARKED FOR EAR RISD IMPROVEMENTS TO, IS THAT SPECIFIC FOR SCHOOLS THAT FOLLOW WITHIN THE CORRIDOR? IS THAT GO TO RSD AS A WHOLE OR IT GOES TO ONCE IT LEAVES THE CITY, IT GOES TO R SD AND YEAH, THEN IT GOES, UM, TK,
[00:35:01]
UM, CAN YOU EXPLAIN, DO THOSE, UM, DO THOSE FUNDS STAY WITHIN THE CITY OR EVERY YEAR, DO THEY GET SHIFTED OUT OF CITY HALL INTO RISD FOR THEM TO UTILIZE? YES.UH, THE MONEY THAT WE COLLECT FROM THE RISD, WE COLLECT THE MONEY FROM THEM AND THE 30% OF THE MONEY WE RECEIVE FROM RSD GOES BACK TO THE RISD.
SO WE DON'T HOLD ONTO THE MONEY IT, UNDER THE INTERLOCAL AGREEMENTS.
THEY MAY USE IT AS THEY WISH FOR FACILITIES WITHIN THE DISTRICT.
BUT SO IT'S NOT, THERE'S NOT A STIPULATION THAT HAS TO BE USED FOR THE SCHOOLS THAT FALL WITHIN THE CORRIDOR.
SO IT COULD GO INTO SOME BIG GIANT POTTER.
'CAUSE IT'S, ONCE IT LEAVES THE CITY AND GOES TO THE DISTRICT, IT'S, IT'S MY UNDERSTANDING IT'S FOR THE SCHOOLS WITHIN THE DISTRICT.
BUT I WOULD NEED TO, UM, TAKE A LOOK AT THAT INTERLOCAL AGREEMENT AGAIN TO SEE HOW TIGHT IT IS ON THAT.
I BELIEVE AT LEAST THE INTENT, IF NOT THE VERY SPECIFIC LANGUAGE IS FOR USE OF THE SCHOOLS WITHIN THE ZONE.
NO CHANGES TO THE MINORITY PARTICIPATION.
OBVIOUSLY THAT IS A, UM, REALLY IMPORTANT PART OF ALL OF OUR PROJECTS.
AND WE HAVE A DEVELOPMENT AGREEMENT.
WE ASK THAT THE DEVELOPERS, BUT AT LEAST 32% OF THEIR CONTRACTING WORK FOR MINORITY AND WOMEN OWNED BUSINESSES.
UM, I DO WANNA NOTE, OF COURSE WE ADDED IN SKILLMAN STREET CORRIDOR MASTER PLAN.
THAT IS OBVIOUSLY THE THING ON IN THE HORIZON THAT WE KNOW OF RIGHT NOW.
UM, WE DO HAVE KIND OF A ALL HANDS ON DECK INTERNAL MEETING COMING UP.
UM, STAFF IS DIRECTED TO CONTINUE COORDINATING, CONTINUE PUSHING FORWARD WITH EVERY RELEVANT DEPARTMENT THAT'S GONNA BE PART TRANSPORTATION, PUBLIC WORK.
SO WE WILL CONTINUE TO WORK TOWARDS DETERMINING KIND OF RIGHT SIZING AND RIGHT SCOPING AND ASK FOR THE TIP BOARD.
AS I KEEP CALLING IT, THESE PUZZLE PIECES KIND OF COME TO HAWAII.
SO, UM, YOU KNOW, HOPEFULLY AFTER THIS DECEMBER MEETING, THAT'LL BE ANOTHER BABY STEP TOWARDS KNOWING WHEN AND WHAT TO BRING TO THIS PIP BOARD.
AND WHEN YOU SAY ALL HANDS MEETING WITHIN THE CITY OF THIS, LIKE COUNCILMAN STEWART INCLUDED IN THAT SHE IS AS WELL AS THE WHOLE GROUP? YES.
SO THE FINANCIALS ARE WHAT IS REQUIRED BY THE ANNUAL REPORT.
UM, THIS TIF DISTRICT HAS APPROXIMATELY $23.6 MILLION OF UNENCUMBERED CASH ON HAND.
IT DOESN'T EXACTLY MATCH ABOVE BECAUSE WE JUST SUBTRACT OUT LIKE THE HAVEN THAT, YOU KNOW, WE MAY GET TO GIVE TO THEM IF THEY GET GOOD COMPLIANCE.
SO IT'S 23.6 MILLION CASH ON HAND.
AGAIN, THE TIP DISTRICT DOES NOT HAVE A DEDICATED DISTRICTWIDE SET ASIDE.
SO THOSE FUNDS ARE, ARE MORE FLEXIBLE AS TO HOW THE, HOW THEY'RE USED, WHETHER IT'S A SPECIFIC DEVELOPMENT PROJECT, UM, OR TO DISTRICT WIDE IMPROVEMENT.
AND AGAIN, YOU CAN SEE THAT 11.46, IF I RECALL CORRECTLY, CAME IN THIS YEAR.
SO, OR THAT IS EXPECTED IN 2024.
SO THAT'LL CONTINUE TO SUPPLEMENT THE, UM, SO THAT WOULD BE, WE DON'T HAVE ANY FUNDING BETWEEN NOW AND NEXT JUNE.
WE'LL BE AT 37 30 8:00 PM THAT'S, UM, ON PAGE 24, I NOTED A MISTAKE THAT I WILL, UM, CORRECT OR I HAVE CORRECTED AND IT WILL BE CORRECTED MOVING FORWARD ON THIS NON-CAPITAL, IT SHOULD HAVE SAID TRANSFER TO THE PARK AND REC DEPARTMENT, CAPITAL GIFT DONATION AND DEVELOPMENT FUND FOR FOREST ELIA.
IT HAD AN OLD, UM, NON-CAPITAL, UH, TITLE IN THERE.
PAGE 25 IS THE SUMMARY OF VALUES AND INCREMENTS THAT 1.46 MILLION SHOULD MATCH.
UM, IT NOW MATCHES THE INCREMENT CHART AND WHAT WAS, UM, PROVIDED FOR IN THE BODY OF THIS DOCUMENT.
PAGE 26 IS THE NOTES ON THE FINANCIAL, AGAIN, THE ADMIN COST FOR 2223
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IS YET TO BE CALCULATED WHAT, BUT WILL BE DONE BEFORE WE MOVE ON TO COUNCIL.PAGE 27 IS, UM, JUST A NOTE THAT WE STILL HAVE AN OUTSTANDING OBLIGATION ON THE HAVEN.
HOWEVER, WE ARE PENDING VERIFICATION OF COMPLIANCE.
WE ARE STILL KIND OF IN THE SAME BOAT AS LAST YEAR.
UM, BOTH ON THE OPERATION AND MAINTENANCE COMPONENTS OR INSURANCE AND ON THE AFFORDABILITY COMPONENT.
SO WE WILL HOLD ONTO THOSE FUNDS, UM, AND DETERMINE IF, IS THERE A LIABILITY SHOWN FOR THAT ON, ON THE FINANCIAL SIR, IT, IT'S SHOWN ON PAGE 24.
IT SAYS TOTAL OUTSTANDING OH YEAH.
MATCH OF THE 1.662 AND DOES STATE LEGAL FIELD.
THERE'S ANY WAY WE CAN, UH, EXTINGUISH THAT LIABILITY BY TELLING 'EM THEY GOT ONE MORE YEAR TO COME UP WITH IT.
WE, WE CAN, WE DO, WE COULD DO THAT.
BUT WHEN WE DO THAT, WE FEEL THAT THEY ARE MAKING AN EFFORT TO GET IN COMPLIANCE ON THE AFFORDABILITY PIECE.
OUR TEAM'S GONE OUT THERE, THEY'VE WRITTEN THEIR REPORTS OF WHICH ONES WERE OVER INCOME, WHICH ONES DIDN'T HAVE THE GOOD PAPERWORK, BUT THEY'RE GOING BACK THIS MONTH.
AS SOON AS WE TERMINATE, THEY'RE GOING TO A HUNDRED PERCENT MARKET.
SO WE'D RATHER CONTINUE TO MAKE THE EFFORT AND TRY TO GET THAT AFFORDABILITY.
PAGE 28 IS THE, UM, DISTRICT-WIDE SET ASIDE TO DATE.
UM, AND OF COURSE THE ONLY CHANGE WAS THE FOREST LIO PROJECT THAT'S IN ADDITION TO THIS PAGE.
AND WITH THAT I'M GONNA, UM, I AGAIN AM HAVING A LITTLE TROUBLE.
VANESSA, ARE YOU STILL ON THIS MEETING CALL BECAUSE WE CANNOT SEE YOU IF YOU'RE STILL UH, I'M STILL HERE.
ARE YOU SEEING TODAY, YOU'RE YOU LOST THE SCREEN? THIS IS, WE CAN HEAR YOU.
THANK YOU FOR LETTING ME KNOW.
WE GOT THROUGH SOME QUESTIONS AS WE MOVED ALONG.
DOES THAT TAKE CARE OF IT OR ARE THERE ADDITIONAL QUESTIONS? I HAVE A QUESTION BACK TO MR. WALKER'S QUESTION ABOUT THE RSD MONEY AND I'M TRYING TO FIND THE, THE TOTAL AMOUNT THAT YOU SAID SOMEWHERE THAT THEY, HOLD ON.
IT'S GONNA BE THE VALUE AND TRY.
SO IT INDICATES THE ANTICIPATED RSD PORTION TOTALS 2,000,953.
SO TO MAKE WE HAD MORE GRANULAR FOR THE AN TO HIS QUESTION, WE KEPT 70% OF THAT MONEY WITHIN THE TIP, WHICH WILL GO TO LAKE HIGHLANDS AREA OF PROJECTS, ANY PROJECTS WITHIN THE ZONE.
SO THAT'S, THAT'S A GOOD THING.
AND 30% WOULD GIVE BACK TO THE DISTRICT YES.
ANYWHERE USED WITHIN THE DISTRICT.
I JUST WANNA MAKE SURE I UNDERSTOOD THAT CORRECTLY.
I GUESS MY, MY QUESTION WOULD'VE PROBABLY IS MORE SPECIFICALLY DIRECTED TOWARDS THE SCHOOL DISTRICT ON, UH, HOW THOSE FUNDS ARE ARE USED.
THAT THAT WOULD BE A QUESTION FOR, FOR ARE GOOD FOR CHRIS POTT.
SO I CAN TALK WITH HIM JUST TO SEE HOW I WOULD IMAGINE THAT THOSE FUNDS WOULD BE USED FOR THE SCHOOLS WITHIN OUR CORRIDOR.
AND I AND, AND I'LL UM, CHECK THAT ILA LANGUAGE AGAIN, BUT YES, THAT'S CORRECT.
WELL, YOU ANSWERED THE QUESTION I WAS GONNA HAVE ABOUT THIS GOVERNMENT STREET ESCAPE PROJECT.
IT SOUNDS LIKE IT'S STILL ROLLING.
THERE'S GONNA BE A BIG MEETING COMING ON FIRST QUARTER.
AND THEN WOULD YOU MIND I'M LISTENING AND UH, SO I, I'M HAPPY ROLLING.
ANY OTHER QUESTIONS? ANYTHING ELSE COMMENTS? SO, UM, THERE'S NO QUESTIONS OR COMMENTS ON ITEM NUMBER FOUR IN THE, UH, ANNUAL 2020 2 23
I WOULD ASK FOR A MOTION TO APPROVE IT, UH, WITH I GUESS LANGUAGE THAT DORSEY ASKED FOR, UH, TO APPROVE THE, THE MANUAL REPORT AND ALLOW MINOR, UH, CHANGES IF THERE'S, UH, ERRORS OR MINOR CORRECTIONS NEEDED.
SO DO I HAVE A MOTION FOR THAT? DO YOU HAVE A SECOND?
[00:45:02]
SECOND? SURE.AND ON I'M ALSO GONNA WRITE THE NOTE ABOUT BRINGING THE FOREST LIO PROJECT BACK TO THE BOARD AS A COURTESY.
ONCE THE DESIGN IS MORE FULLY DEVELOPED, IT MAY THE TIME UPDATE.
YEAH, IT, YEAH, WELL ONCE I TALKED TO THE PARK DEPARTMENT, IT MAY BE THREE OR FOUR MONTHS FROM NOW, IT MAY LINE UP WITH GOLDMAN STREET.
WELL, YOU KNOW, NEXT THING LOOKS LIKE IT'S MARCH 1ST, SO THERE SHOULD BE MADE BY THEN.
IT'D BE GREAT IF WE HAD A GOMAN STREET ACCOMPLISHMENT PROGRESS.
ALRIGHT, MR. CHAIR, WOULD YOU LIKE TO CALL IT AGENDA ITEM NUMBER FIVE? LIKE YEAH.
UH, DORSEY'S ATTACHED A LAST PAGE OF THE PACKAGE, UH, RECORD MEETING SCHEDULE FOR OUR MEETINGS IN 2024.
UM, EVERYBODY HOPEFULLY HAS A CHANCE TO REVIEW THOSE AND GET 'EM ON YOUR CALENDAR IF, UH, IF EVERYBODY'S HAPPY WITH THAT, IF I GET A MOTION FOR APPROVAL OF THOSE MEETING DATES, MORGAN, AND KIND OF GET A SECOND.
AND JUST AS A REMINDER ON THAT, THOSE WOULD BE NOW CONSIDERED OUR REGULAR MEETING BECAUSE THE CITY'S SECRETARY'S OFFICE LIKES TO KEEP A REGULAR MEETING CALENDAR.
BUT THAT DOESN'T MEAN THAT WE CAN'T MOVE.
IT'S VERY EASY JUST TO WRITE THE WORD SPECIAL AND CALL IT A SPECIAL MEETING IF THAT PARTICULAR DAY DOESN'T WORK.
UM, AND, UM, FOR VANESSA, JUST KNOW THAT YOU KNOW, THESE, AGAIN, THESE ARE JUST DATES THAT THE CITY SECRETARY'S OFFICE LIKES TO MEET.
WE MAY OR MAY NOT, UM, HOLD THOSE MEETINGS.
IF YOU DON'T HEAR FROM ME BY SAY, TWO WEEKS BEFORE THE DATE, ASSUME IT IS NOT OCCURRING.
UM, IF THERE'S A CHANGE OF A MEETING, I'LL LET EVERYONE KNOW AS SOON AS POSSIBLE.
ALL RIGHT WITH THAT, UM, I THINK WE CAN ADJOURN.
YOU WANNA CALL THE TIME? THAT IS NOT CORRECT.