[00:00:01]
[Dallas Cypress Waters TIF District Board Meeting on January 30, 2025.]
30TH OF JANUARY, 2025.ALRIGHT, IF YOU WOULDN'T MIND BRIEFLY INTRODUCING YOURSELF, YOU'RE ON MUTE.
I'M CLAIRE OLIVER, AND I'M NOT ON MUTE.
LISA MAYO, DALLAS COUNTY REPRESENTATIVE.
I THINK DAN JUST STEPPED AWAY FROM THE CAMERA.
VICTOR, DAN HERE TO INTRODUCE YOURSELVES.
HAVING, HAVING, UH, TECHNICAL DIFFICULTIES HERE.
OKAY, SO, UM, NATALIA JOHNSON AND HERE ARE WITH THE CITY OF DALLAS.
THEY ARE CITY STAFF TO PROVIDE, UH, ASSISTANCE ON THE FINANCIALS IF NECESSARY.
UM, AND ALSO ELIANA IS HOSTING THIS MEETING.
UM, WE ALSO HAVE MARIA SMITH ON, UH, WITH US AS WELL, WHO IS ALL THERE, ALL IN THE OFFICE OF ECONOMIC DEVELOPMENT.
AND SO LASTLY IS CLAUDIA, I BELIEVE.
HI, UH, I'M WITH PLANNING DALLAS COUNTY PLANNING AND DEVELOPMENT, AND I WORK WITH LUIS TEMA.
ALL RIGHT, NUMBER THREE OF THE AGENDA, PUBLIC COMMENTS PERTAINING TO AGENDA ITEMS FIVE THROUGH.
SO ARE THERE, NO, ACTUALLY, MR. KOHLER, WOULD YOU MIND INTRODUCING YOURSELF PLEASE? DAN, ARE YOU ABLE TO HEAR US? NOT SURE IF THERE'S TECHNICAL DIFFICULTIES.
WELL, THE ONLY MEMBER OF THE PUBLIC THAT WE HAVE IS, UH, MR. DAN KOHLER.
HE IS ACTUALLY WITH THE COPPEL CHRONICLE AND, UM, NOW HIS NAME HAS BEEN ENTERED INTO THE RECORD.
WE CAN GO ON TO ITEM NUMBER OR MR. CHAIR.
ALRIGHT, WE NEED TO NOMINATE AN ELECT VICE CHAIR PERSON.
DO WE HAVE ANY VOLUNTEERS? OLIVER, MR. SOTO
I'D LIKE, I'D LIKE, I WOULD SUGGEST THEY'D BE, UH, YOU KNOW, ELECTED TO LEADERSHIP POSITIONS.
THAT'S VERY KIND OF YOU, VICTOR.
BUT I NO LONGER LIVE IN CYPRUS WATERS.
WELL, I'M GONNA NOMINATE YOU ANYWAY.
BUT WHAT ARE THE JOB DUTIES OF THE VICE PRESIDENT? IT'S JUST ACTING IN, UH, THE PLACE OF THE CHAIR IF THE CHAIR IS NOT AVAILABLE.
SO IF, UM, DEREK SHOULD NOT BE ABLE TO MAKE IT TO A PARTICULAR MEETING, YOU WOULD BE ASKED TO COME TO THE MEETING IN PERSON AND CONDUCT THE MEETING.
UM, SHOULD HE LEAVE THE BOARD? AND WE DO NOT HAVE A CHAIR.
THE VICE CHAIR WOULD ACT IN THIS PLACE.
ARE YOU LEAVING THE BOARD ANYTIME SOON? NOT TO MY KNOWLEDGE.
CAN WE GET A MOTION MADE FIRST BY, I REPEAT IT.
VICTOR, YOU SAY MOVE TO ELECT MS. OLIVER AS VICE CHAIR? YEAH.
[00:05:01]
SECOND.OH, I THOUGHT THEY MIGHT HAVE TO COME.
THE, THE, IT HAS TO COME FROM YOU.
THE CHAIR CAN'T MAKE A MOTION.
VICTOR, MR. VICTOR, I'LL SECOND IT.
IF YOU DO, I'LL, I'LL MOVE TO ELECT CLAIRE AS VICE CHAIR.
A ALL THOSE IN FAVOR? ALL THOSE IN FAVOR SAY AYE.
ANY OF THOSE, UH, AGAINST, SAY NAY.
VOTE UNANIMOUSLY FOR CONGRATULATIONS, MS. ALL.
ALRIGHT, NEXT ON THE AGENDA IS REVIEW AND CONSIDER THE MEETING FOR THE JANUARY 25TH, 2024.
UM, IN YOUR PACKET, YOU HAVE THE MINUTES FROM THE JANUARY 25TH, 2024 MEETING, THE, UH, MEETING, MEETING
UM, LET ME KNOW IF YOU HAVE ANY EDITS OR COMMENTS.
AND IF NOT, THE CHAIR WOULD BE HAPPY TO ENTERTAIN A MOTION TO I MOVE THAT WE APPROVE THE MINUTES AS, UH, THEY WERE PRESENTED.
YOU'RE, YOU GOTTA SAY IT OUT LOUD.
ALRIGHT, I'LL FIGURE OUT THE MUTE ON UNMUTE BUTTON.
ALRIGHT, ALL THOSE IN FAVOR? I'M APPROVING, UH, THE FIREMAN SAY, AYE.
ITEM NUMBER SIX ON THE AGENDA, REVIEW AND CONSIDER CYBER SUPPLIER'S FIFTH DISTRICT ANNUAL REPORT FOR FISCAL YEAR 20 23, 24.
UM, ALSO IN YOUR, UH, PACKET, YOU CAN PROCEED THE DRAFT ANNUAL REPORTS FOR THE SRU WATERS TO DISTRICT FOR FISCAL YEAR 2023 THROUGH 2024.
I WILL ADD, AND I WILL ASK THAT ANY MOTION FOR APPROVAL.
THE, UM, CONDITIONED WITH THE ABILITY OF STAFF TO MAKE MINOR CHANGES TO THE DOCUMENT.
UM, SUBSTANTIAL CHANGES OR CHANGES TO NUMBERS AND FIGURES, THOSE WON'T CHANGE.
UM, IF IT IS A COMMON YEAR, A PERIOD THERE OR A REWORDED SENTENCE, WE ASK THAT YOU GIVE US THE ABILITY TO DO THAT AS THIS REPORT IS ACTUALLY STILL MAKING ITS WAY THROUGH OUR EXECUTIVE APPROVAL OR REVIEW PROCESS.
AND WITH THAT SAID, WE CAN START WITH, UH, PAGE FOUR OF THE DOCUMENT.
THE CYBER WATER TIP DISTRICT WAS ORIGINALLY CREATED IN 2010 OR DECEMBER OF 2010.
UM, AT THAT TIME, THE CITY OF DALLAS AND DALLAS COUNTY ARE THE TWO PARTICIPATING JURISDICTIONS, AND THEY STILL ARE THE TWO PARTICIPATING JURISDICTIONS.
THE CITY PARTICIPATE AT A RATE OF 85% AND THE COUNTY AT 55%.
IN 2015, THE TIF DISTRICT WAS AMENDED TO REMOVE ABOUT 28 ACRES ON THE NORTH END OF THE TIF DISTRICT, AND, UM, TO KIND OF SPELL OUT THE ACTUAL PROJECTS THAT WILL BE FUNDED AND ACCOMPLISHED THROUGH THE TEMP DISTRICT.
AND SO, UM, THOSE PROJECTS AND THE BUDGET CORRESPONDED THE, THE BUDGET WAS REDUCED TO, UM, REDUCED TO ACCOMMODATE THE FACT THAT WE DIDN'T ANTICIPATE ANY ADDITIONAL PRIVATE, UM, APPLICATIONS, PRIVATE DEVELOPMENT APPLICATIONS IN THIS AREA AFTER THE INITIAL FOOD PROJECTS THAT WERE SPENT.
AND ADDITIONALLY, ONE OF THE ITEMS THAT WAS ON THE TO-DO LIST IN THIS KIND OF MINIMIZED OR REDUCED, UH, BUDGET WAS TO COMPLETE THE PUBLIC, UH, FIRE STATION OR THE PUBLIC SAFETY BUILDING, WHICH INCLUDED A FIRE STATION AND, UH, DPD SPACE.
AND THAT HAS BEEN DONE AS WELL.
AND YOU'LL SEE THAT ON PAGE SIX WITH OUR TIF DISTRICT PROJECT CHART.
UM, THE PROJECTS THAT WE FUNDED OR PROVIDED ASSISTANCE TO WITHIN THE TIF DISTRICT HAVE LEVERAGED A VALUE OF OVER 191 MILLION.
UM, THE TIF ASSISTANCE PROVIDED WAS JUST OVER 28 MILLION.
SO YOU'RE LOOKING AT A POTENTIALLY ONE TO SEVEN RETURN ON PRIVATE DOLLARS OVER EVERY, UH, PUBLIC DOLLAR THAT WAS FIT
[00:10:01]
IN INCENTIVE.THE INCREASE IN VALUE WAS ABOUT $7.
AND DEVELOPMENT IN THIS DISTRICT INCLUDED 108 HUNDRED 14 RESIDENTIAL UNITS AND THE PUBLIC SAFETY SAFETY BUILDING THAT I MENTIONED A WHILE AGO, A FEW MINUTES BACK.
THE SECOND PORTION OF THIS CHART IS A LIST OF PROJECTS THAT HAVE OCCURRED THE DISTRICT WITHOUT ANY A SENTENCE, WHICH, UM, THAT'S BEEN QUITE A FEW, ALMOST DOUBLING THOSE THAT HAVE ASKED FOR.
SO DEVELOPMENT WITHIN THIS TIP DISTRICT, BOTH THOSE SUPPORTED BY TIP FUNDS AND THOSE DONE WITHOUT ANY SUPPORT, HAS LEVERAGED THE DEVELOPMENT OF 3,471 RESIDENTIAL UNITS, 3.6 MILLION SQUARE FEET OF OFFICE SPACE, 35,000 SQUARE FEET OF RETAIL AND 16,800 SQUARE FEET OF PUBLIC, PUBLIC, UH, SAFETY BUILDING.
MIXED INCOME HOUSING IS A, A REQUIREMENT FOR ALL OF OUR DISTRICTS.
ANY RESIDENTIAL PROJECT THAT IS SEEKING OR IS SEEKING AND AWARDED TIF ASSISTANCE IS REQUIRED TO PROVIDE 20% OF THOSE UNITS AT OR BELOW 80% OF THE A MI FOR THEIR RENTERS, PROSPECTIVE RENTERS.
AND SO OF THE 814 RESIDENTIAL UNITS THAT HAVE BEEN CREATED THROUGH THE SUPPORT OF TIF DISTRICT FUNDING, 163 OF THOSE OR 20% HAVE BEEN SET ASIDE AS SUPPORT.
THE NEXT SECTION OF THE REPORT IS OUR VALUE AND INCREMENT REVENUE SUMMARY.
AND THIS JUST CAPTURES THE, THE HEALTH OF THE TIF DISTRICT.
UM, WHEN IT WAS CREATED IN 2010, THE BASE YEAR VALUE WAS $71,437.
THE 2024 CERTIFIED TACTICAL VALUE FOR THE DISTRICT IS A LITTLE OVER 1.2 BILLION AT THIS TIME, WHICH IS A 1.2 BILLION INCREASE OVER THE BASE YEAR VALUE.
IT'S ALSO A 84, ALMOST 85 MILLION INCREASE OVER LAST YEAR'S VALUE.
SO THIS INCREASE IN VALUE WILL RESULT IN THE COLLECTION IN 2025 OF 8,751,894 REVENUE FOR THE TIF DISTRICT.
OF THAT INCREMENT, 7.3 MILLION IS CONTRIBUTED BY THE CITY AND 1.4 MILLION IS CONTRIBUTED BY, UH, DALLAS COUNTY.
THE PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN FOR THIS TIP DISTRICT LAID OUT SOME GOALS AND OBJECTIVES OF THE TIF DISTRICT.
AS I MENTIONED IN 2015, UM, THOSE GOALS WERE AMENDED TO REFLECT THE, UH, REDUCED CAPACITY WITHIN THE TIP DISTRICT'S BUDGET TO SUPPORT PROJECTS.
AND SO ONE OF THE REMAINING GOALS IS TO CREATE 1.5 BILLION IN NEW PRIVATE INVESTMENT IN PROJECTS, OR ACTUALLY IS TO CREATE A ADDITIONAL TAXABLE VALUE WITHIN THIS DISTRICT AS A RESULT OF PRIVATE DEVELOPMENT TO THE TUNE OF 1.5 BILLION OVER 30 YEAR LIFE.
UM, CURRENTLY THE DISTRICT TESTING AN INCREASE IN VALUE OF APPROXIMATELY 1.2 BILLION, WHICH IS 81% OF THE AMENDED GOAL.
ANOTHER GOAL FOR THE TIF DISTRICT IS TO ATTRACT NEW PRIVATE DEVELOPMENT, UM, INCLUDING NEW RESIDENTIAL, NEW COMMERCIAL SPACE, NEW PEDESTRIAN ORIENTED RETAIL SPACE AND ONSITE JOBS.
SO AS IT RELATES TO RESIDENTIAL UNITS, UM, THE GOAL WAS TO CREATE 10,000 NEW RESIDENTIAL UNITS.
TO DATE, 3,471 RESIDENTIAL UNITS HAVE BEEN COMPLETED, WHICH IS ABOUT 35% OF THAT HOUSING GOAL.
UM, FOR THE OFFICE SPACE, THE GOAL WAS TO CREATE 4 MILLION SQUARE FEET OF COMMERCIAL OFFICE SPACE.
UM, ACTUALLY 4.1 MILLION OF OFFICE SPACE HAS BEEN COMPLETED FOR PLAN FEE.
THERE'S AN EDIT RIGHT THERE, WHICH IS, UM, MORE THAN 100% OF THE COMMERCIAL SPACE GOAL.
UM, FOR THE PEDESTRIAN ORIENTED RETAIL, 35,000 SQUARE FEET HAS BEEN CREATED.
THE GOAL, UM, WAS 150,000 SQUARE FEET, WHICH IS 23% OF THE GOAL.
AND THEN LASTLY, UM, THERE WAS A GOLD TO CREATE 9,000 ONSITE JOBS.
AND TO DATE, UM, THERE ARE 19,555 ONSITE JOBS TO, IN THE TIFF DISTRICT, MORE THAN DOUBLING THE GOAL.
CAN I ASK ON THAT NUMBER OF THAT, UH, PEOPLE WHO
[00:15:01]
ARE SPECIFICALLY WORKING IN, UM, THE OFFICE BUILDINGS THAT ARE THERE? YES.THE, THE JOBS WITHIN THE, THE BOUNDARY OF THE SURFACE WATER SYSTEM.
IT MAY NOT NECESSARILY BE OFFICE, IT COULD BE SOME OF THE RETAIL SPACES AND MM-HMM
AND DOES IT ALSO INCLUDE, THIS IS KIND OF A STRETCH, BUT ANYBODY THAT WORKS FROM HOME THAT LIVES IN THAT AREA? NO, IT WOULDN'T.
THERE WOULD BE A WAY TO CAPTURE THAT INFORMATION.
ON PAGE 10, UM, THE LAST BULLET POINT, UH, ANOTHER GOAL WAS TO GENERATE 26 MILLION NET PRESENT VALUE, OR 51 MILLION IN TOTAL COLLECTION DOLLARS FOR THE TIFF DISTRICT OVER THE LIFE OF THE 10TH.
AND AS OF THE END OF FISCAL YEAR 20 23, 20 24, 40 1 MILLION IN 10TH DISTRICT REVENUE HAS BEEN GENERATED, WHICH REPRESENTS 80% OF THE GOAL.
NEXT SECTION, YEAR END SUMMARY OF MEETINGS OF CITY COUNCIL ITEMS ON PAGE 11.
SO THE TIP BOARD MET ONCE ON JANUARY 25TH, 2024.
UM, THE MEETING WAS VERY WELL ATTENDED.
UM, AND I BELIEVE AT THAT MEETING WE APPROVED THE ANNUAL REPORT.
UH, ALSO BELOW THAT ARE A COUPLE OF COUNCIL ITEMS THAT WERE APPROVED THAT RELATES TO THE, THE, UH, CYPRESS WATERS TIP DISTRICT, INCLUDING LAST YEAR'S ANNUAL.
THE NEXT PAGE IS OUR BUDGETED SPENDING STATUS.
AND WHAT THIS CHART TELLS US IS THE CAPACITY THAT THE TIF DISTRICT HAS TO SUPPORT ADDITIONAL PROJECTS, IF ANY, WITHIN THE TIP DISTRICT.
AND SO CURRENTLY THE TIP BUDGET OF JUST OVER 51 MILLION OF THAT 32 MILLION HAS BEEN ALLOCATED TO THE TWO, UM, PRIVATE DEVELOPMENT PROJECTS THAT OCCURRED VERY EARLY ON IN THE TIF DISTRICT.
AND THE CYBERS WATERS PUBLIC SAFETY BUILDING IS ALSO INCLUDED IN THAT NUMBER.
AND SO THAT LEAVES US WITH, UM, ABOUT 18.6 MILLION IN BUDGET CAPACITY TO SUPPORT ADDITIONAL PROJECTS.
UM, ALL OF OUR 10 DISTRICTS REQUIRE MWBE PARTICIPATION, SPECIFICALLY 32% OF CONSTRUCTION COSTS SHOULD BE CONTRACTED WITH THOSE, UM, GROUPS THAT WITH MINORITY AND OR WOMEN OWNED BUSINESSES TO PERFORM THE WORK.
UM, THIS GOAL WAS CHANGED IN FISCAL YEAR 20 20, 20 21.
AND SO THE ONLY PROJECT THAT WAS REQUIRED TO MEET 32, UH, PERCENT PARTICIPATION GOAL WAS THE CYPRESS WATERS PUBLIC SAFETY BUILDING, WHICH THEY CAME IN AT 47%.
BUT, UM, IN GENERAL, IF YOU AVERAGE OF THE PARTICIPATION WITHIN THE THREE PROJECTS, WE'RE RIGHT AT 30%.
ANY NEW PROJECT WILL HAVE TO MEET THAT 32% PARTICIPATION GOAL.
HEY, THERE'S AN EDIT THAT NEEDS TO BE MADE ON THAT CHART.
I, MY EYES ARE DRAWN TO MISTAKES, SO
MAYBE IT'S TOO SMALL ON MY SCREEN.
SO MY 2024 WORK PROGRAM, FIRST AND FOREMOST IS TO PRESENT THIS TO YOU GUYS FOR YOUR, UH, REVIEW AND APPROVAL AND RECOMMENDATION TO CITY COUNCIL FOR ADOPTION.
CONTINUE TO WORK WITH STAKEHOLDER HOLDERS WITHIN THE CYPRUS WATERS TIP DISTRICT TO SUPPORT IF THERE ARE ANY PRIVATE DEVELOPMENTS THAT THEY WOULD LIKE TO BRING FORWARD FOR REVIEW.
AND THEN LASTLY, AND MOST IMPORTANTLY, UM, ANALYZING AND PRESENT TO THE TIF FLORIDA CITY COUNCIL WITH AMENDMENT AND EXPANSION OF THIS TIF DISTRICT TO CREATE A NEW SUB DISTRICT THAT WILL WOULD BE CALLED HENSLEY FIELD AND SUPPORT REDEVELOPMENT OF THAT 738 ACRES, CITY OWNED PROPERTY IN DALLAS.
THIS WAS A RECOMMENDATION OF THE HINSEY FIELD MASTER PLAN THAT WAS ADOPTED BY THE CITY COUNCIL IN 2022.
UM, AND WE DO ANTICIPATE, UH, GETTING THAT DONE BY THE END OF THE SECOND QUARTER THIS YEAR.
SO YOU CAN ANTICIPATE THERE BEING, UH, ANOTHER MEETING COMING UP.
JUST A QUICK QUESTION REGARDING THE HENSLEY FIELD SUBDISTRICT.
UH, WAS ANY CONSIDERATION GIVING IT TO MAKING ITS OWN TIFF AND WHY THE CYPRUS WATERS TIFF AS AN EXPANSION AND NOT ANY OTHER TIFF? THE CYPRUS WATERS TIFF IS
[00:20:01]
SIMILAR TO WHAT IS OUT IN, UM, HELEY FIELD IN THAT IT IS A OPEN PROPERTY WITH A LAKE.UM, CYPRESS WATERS, AS YOU REMEMBER, WAS JUST OPEN PROPERTY WITH A LAKE.
UM, BOTH I THINK WERE USED FOR COOLING AND FOR, UM, VARIOUS PLANTS IN THE AREA, BOTH IN CYPRESS WATERS AND IN THE LEY FIELD AREA.
AND WHY WE WOULDN'T, UM, JUST CREATE A NEW TIP IS BECAUSE, UM, TIPS TYPICALLY TYPICALLY TAKE ABOUT FIVE TO 10 YEARS TO GENERATE, GENERATE MEANINGFUL INCREMENT.
AND SO THE INFRASTRUCTURE NEED IS SO GREAT AND HENLY FEEL THAT WE WOULD NEED TO TRY TO PRIME THE PUMP AND HAVE SOME FUNDS COMING IN SO THAT WE CAN AT LEAST GET THE, THE AREA TO A STATE WHERE IT'S EVEN DEVELOPABLE, WHERE A DEVELOPER CAN LOOK AT IT AND SEE A VISION.
AT THIS POINT, THE UTILITIES NEED TO BE REPLACED COMPLETELY.
UM, WE ALL KNOW THAT THE, UH, REMEDIATION, ENVIRONMENTAL REMEDIATION GOING ON BY THE NAVY.
AND SO THE, THE NEEDS FOR INFRASTRUCTURE STREETS, WATER WASTEWATER ARE HUGE.
AND THIS WOULD BE A GREAT SOURCE OF FUNDS THAT WE WOULDN'T HAVE TO TAP INTO THE CITY'S GENERAL FUND.
WE WOULDN'T HAVE TO TAP INTO A FUTURE BOND ELECTION, BUT WE COULD USE THE INCREMENT THAT'S GENERALLY, THAT'S ALREADY BEING GENERATED IN CYPRUS WATERS TO SUPPORT REDEVELOPMENT IN SOUTHERN DALLAS.
AND MORE IMPORTANTLY, THERE AREN'T, AND WE DON'T ANTICIPATE ANY MORE MAJOR DEVELOPMENT PROJECTS COMING THROUGH IN THE CYPRUS WATERS PROPER AREA.
SO IT'S EITHER SHUT IT DOWN AND LET IT GO TO THE GENERAL FUND AND THEN IT GOES, WHO, WHO KNOWS WHERE, OR WE CAN PROVIDE A SOURCE TO TAKE CARE OF SOME INFRASTRUCTURE IMPROVEMENTS THAT WE KNOW THE CITY WILL HAVE TO MAKE AS OPPOSED TO THE GENERAL.
I'M STILL, UM, CONCERNED ABOUT, UH, THE COMMUNITY ASPECT OF CYPRESS WATERS NOT HAVING A LIBRARY THAT'S CLOSE BY AND ACCESSIBLE AND FREE, UM, TO THE PEOPLE WHO LIVE THERE AND ALSO, UM, THE LACK OF A REC CENTER OR SOMETHING SIMILAR TO THAT FOR, FOR THE COMMUNITY THAT LIVES THERE.
I THINK, UM, I KNOW I'M A BROKEN RECORD, I BRING THIS UP EVERY TIME.
UM, THERE ARE TWO OTHER DEPARTMENTS THAT GET TO DETERMINE WHEN AN AREA HAS MET THE DENSITY OR WHATEVER THEIR REQUIREMENTS ARE FOR A LIBRARY AND FOR A REC CENTER.
UM, WE TRY TO HELP IN THAT AS PART OF THE PUBLIC SAFETY BUILDING.
THERE IS COMMUNITY SPACE THAT'S INCLUDED.
AND SO, UM, THERE IS THE ABILITY TO USE THAT COMMUNITY SPACE, BUT IT'S NOT BIG.
IT IS MORE FOR MAYBE IF UM, THERE WANTED TO BE A VOTE IN PRECINCT IN IN CYPRUS WATERS THAT THEY COULD USE THAT SPACE.
BUT, UM, NOT REALLY SURE WHERE A LIBRARY OR A COMMUNITY CENTER RACE ON THE LIBRARY DEPARTMENT NEEDS ASSESSMENT OR THE PARK AND REC NEEDS ASSESSMENT.
IF YOU WANT, UM, I CAN GIVE YOU CONTACT INFORMATION FOR BOTH OF THOSE DEPARTMENTS AND UM, IT WOULDN'T HURT IF A CONCERNED COMMUNITY MEMBER REACHED OUT TO SEE WHAT THOSE DEPARTMENTS HAVE PLANNED FOR YOUR COMMUNITY.
I'M JUST, AS, AS SOMEBODY WHO LIVED IN CYPRESS WATERS, I WAS NOT ABLE TO GO AND USE THE COPPEL LIBRARY FREE OF CHARGE.
I GOT TO USE THE IRVING LIBRARY BECAUSE I WORK IN IRVING ISD AND GOING TO THE NEAREST LIBRARY WAS ABOUT 15 MILES AWAY.
TO THE NEAREST DALLAS LIBRARY WAS 15
I'LL FOLLOW UP WITH YOU CONTACT INFORMATION FOR BOTH OF THOSE DEPARTMENTS.
OH, SO JUST TO COMPLETE THE PRESENTATION, PAGES 14 AND 15 AND 16 ARE FINANCIALS THAT WERE PREPARED BY TKS TEAM.
UM, THEY ARE ACTUALLY THE STATE LAW REQUIRED INFORMATION IN THIS FOR THE ADDITIONAL REPORT.
THE ADDITIONAL INFORMATION WE HAVE IN THIS REPORT IS JUST FOR OUR STAKEHOLDERS.
WE FEEL WE, WE WOULD RATHER HAVE A MORE ROBUST, ALL ROBUST ALL-ENCOMPASSING REPORT THAT IF SOMEONE JUST CLICKED ON THE ANNUAL REPORT AND WANTED TO KNOW ABOUT THE TIFF DISTRICT, THEY WOULD HAVE MORE INFORMATION THAN JUST THE FINANCIALS.
[00:25:01]
B PROJECT PAYOFF ESTIMATES, WE DON'T HAVE ANY OUTSTANDING OBLIGATIONS.WE PAID OFF PHASE TWO, UM, WHICH WAS OUR SECOND PRIVATE DEVELOPMENT PROJECT IN LAST IN 2024.
AND THEN, UM, WE DON'T HAVE ANY DISTRICTS SET ASIDE FUNDS AT THIS POINT.
AND SO THAT COMPLETE MY PRESENTATION.
ARE THERE ADDITIONAL QUESTIONS REGARDING THE ANNUAL REPORT? CAN WE GET A MOTION BY SOMEONE TO APPROVE, UH, WITH THE ABILITY APPRO THE, THE REPORT ALONG WITH THE ABILITY TO MAKE MINOR CHANGES? I'LL MAKE A MOTION THAT STAFF FORWARD THE REPORT TO CITY COUNCIL.
WE APPROVE THE REPORT SUBJECT TO MINOR CHANGES AS NEEDED.
SECOND THAT VICTOR, ALL THOSE IN FAVOR OF APPROVING THE ABILITY TO MAKE MINOR CHANGES, SAY AYE AYE.
AGENDA ITEM NUMBER SEVEN, REVIEW AND CONSIDER QUARTERLY REGULAR MEETINGS IN WATERS 10TH DISTRICT BOARD DIRECTORS FOR CALENDAR YEAR 2025.
UM, SO MY RECOMMENDATION ALWAYS IS TO USE LAST YEAR'S, UM, QUARTERLY SCHEDULE.
UM, SO THE CITY SECRETARY'S OFFICE REQUIRES ALL OF OUR BOARDS TO HAVE A QUARTERLY MEETING SCHEDULE.
UM, IN REALITY, WE DON'T MEET QUARTERLY, WE MEET AS NEEDED.
AND SO MOST OF OUR, UM, MEETINGS ARE SPECIAL CALL MEETINGS, WHICH IS FINE.
JUST SECRETARY WOULD LIKE TO HAVE A MEETING SCHEDULE.
AND SO LAST YEAR'S SCHEDULE WAS TO MEET ON THE FOURTH THURSDAY OF THE SECOND MONTH OF EACH QUARTER AT 4:00 PM FOURTH THURSDAY OF THE SECOND MONTH OF EACH QUARTER.
AT 4:00 PM THAT'S COOL WITH ME.
SO I'LL CONTINUE TO EMAIL YOU TO GET YOUR AVAILABILITY AND THEN SCHEDULE THAT WAY, LIKE TO PROPOSE A MOTION.
I PROPOSE THAT WE ACCEPT THE SCHEDULED MEETING AS STATED THE FOURTH THURSDAY OF THE SECOND MONTH OF EACH QUARTER AT 4:00 PM I WILL SECOND ALL THOSE IN FAVOR SAY AYE.
ALL THOSE AGAINST SAY MAY SOON IT WAS APPROVED UNANIMOUS.
I DON'T HAVE ANYTHING ELSE ON MY AGENDA FOR YOU GUYS, BUT, UM, KEEP IN THE BACK OF YOUR MIND.
SOMEWHERE IN A MONTH OR TWO OR THREE, WE'LL HAVE ANOTHER MEETING.
AND YOU'RE GONNA SEND ME THE CONTACT INFORMATION FOR THOSE DEPARTMENTS? I'LL OKAY.
AT 1:31 PM ON THURSDAY, JANUARY 30TH, WE CONCLUDED INSURANCE.