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SEPTEMBER 29TH.[South Dallas Fair Park Opportunity Fund Regular Meeting on September 29, 2025.]
START OFF WITH A ROLL CALL.PRESENT MR. WINE SIGNS CHAIRWOMAN KIMBERLY SIMS. PRESENT.
MS. CC IN MS. DESTINY PRESENT.
MS. V BROOKS, I KNOW YOU'RE WORKING AGAINST YOUR CAMERA ON CIRCLE BACK AROUND YOU.
I'M STILL WORKING ON THE CAMERA.
MS. BROOKS? UH, MR. BILL DAWKINS PRESENT SHANAE WISE, MS. SHANAE WISE? PRESENT.
PRESENT? SAY THAT AGAIN MS. WISE, JUST, JUST A LITTLE LOUDER.
JUST MAKE SURE WE GOT YOU ON AUDIO HERE.
MR. HUGHES IS LOGGING BACK IN CHAIRMAN ENRIQUEZ.
CARL ENRIQUEZ PRESENT AND MR. JACK BUNNING.
ALRIGHT, WE'LL MOVE ON TO OUR NEXT AGENDA ITEM.
AGENDA ITEM NUMBER THREE, WHICH IS THE APPROVAL OF MINUTES.
EVERYBODY SHOULD HAVE RECEIVED THE MINUTES FROM AUGUST 25TH, 2025 IN THEIR PACKET.
ARE THERE ANY, UH, UPDATES OR CORRECTIONS OR COMMENTS ON THAT? IF NOT, WE'LL HAVE A MOTION TO APPROVE.
ANY DISCUSSION? ALL IN FAVOR? ANY OPPOSED MINUTES APPROVED.
ITEM NUMBER, ITEM NUMBER FOUR.
DO WE HAVE ANY PUBLIC SPEAKER SIGNED UP FOR THIS EVENING? WE DID HAVE ONE PUBLIC SPEAKER, MR. JAMES MCGEE.
I CURRENTLY DO NOT SEE HIM ON, UM, OUR ATTENDEE LIST.
UH, IS THERE ANYONE IN THE AUDIENCE, UH, THAT WOULD LIKE, UH, TO SPEAK ON ANY OF THE ITEMS? UH, FIVE THROUGH SEVEN.
WE'LL MOVE ON TO THE NEXT AGENDA ITEM, AGENDA ITEM NUMBER FIVE, WHICH IS STAFF OF UPDATES FROM THE OFFICE OF ECONOMIC DEVELOPMENT.
UH, WE HAVE THREE ITEMS UNDER ITEM NUMBER FIVE.
UH, ITEM A WOULD BE THE FISCAL YEAR 2025 NOFA CONTRACT STATUS UPDATE FOLLOWED BY B, THE UPDATE ON THE FALL ECONOMIC DEVELOPMENT INFO SESSIONS.
AND THEN ROUNDING THAT ITEM OUT IS FISCAL YEAR 2026, NOFA PLANNING UPDATES.
AND MS. RA, UH, GO AHEAD AND TAKE IT AWAY PLEASE.
UM, SO YEAH, I'M HERE TO GIVE YOU, UH, A QUICK STAFF UPDATE ON SOME OF ACTIVITIES THAT ARE GOING ON IN OUR OFFICE AS WE'RE PLANNING UP, UH, FOR THE NEW FISCAL YEAR.
UH, THE FIRST SLIDE IS AN FY 25 NOFA CONTRACT STATUS UPDATE.
UH, AS YOU ALL KNOW, THESE ARE THE CONTRACTS THAT YOU ALL APPROVED EARLIER THIS SUMMER.
UM, I JUST WANTED TO KIND OF GIVE YOU A QUICK UPDATE ON WHERE THEY WERE, UH, BY THE HAND CLUB FOR KIDS, WHICH FORMERLY WAS THE AFTERSCHOOL OPPORTUNITY LAB.
THEIR CONTRACT IS CURRENTLY ACTIVE, UH, THE SOUTH DALLAS FAIR PARK INNER CITY COMMUNITY DEVELOPMENT CORPORATION.
UH, THEIR CONTRACT IS NOW ACTIVE, UH, AFTER EIGHT TO EDUCATE.
THEIR CONTRACT IS ALSO ACTIVE.
UH, DALLAS FREE PRESS, AS YOU REMEMBER, WAS, UH, AWARDED ABOUT A MONTH AND A HALF AFTER THE ORIGINAL MEETING WHERE WE DID MOST OF THE AWARDS.
UH, AND SO WE'RE GETTING THEM, UH, READY TO GO.
WE'RE READY TO ROUTE THAT FOR SIGNATURE.
SO BY THE END OF THE WEEK, THEY TOO WILL BE UNDER CONTRACT.
UM, THE ONLY ONE THAT WE HAVE LEFT, AND WE'RE GONNA TALK ABOUT IT AGAIN A LITTLE BIT MORE AT THIS MEETING, IS TOGETHER WE THRIVE AND TOGETHER WE THRIVE.
UH, WE WERE WAS AWARDED $20,000 FOR THEIR SUMMER MIDDLE SCHOOL PROGRAM.
UM, THEY WERE NOT, WE WERE NOT ABLE TO GET THEM UNDER CONTRACT BY THE START OF THEIR PROGRAM, WHICH IS JULY 1ST.
UH, THERE WAS A DELAY IN GETTING THEM REGISTERED AS A VENDOR WITH THE CITY OF DALLAS.
AND SO THEIR PROGRAM STARTED BEFORE WE WERE ABLE TO GET THEM UNDER CONTRACT.
AND SO, UH, WE HAD CONVERSATIONS ABOUT WHAT THE RIGHT WAY FORWARD WAS, AND WE SPOKE TO THE GRANTEE.
HEATHER AND I HAD DISCUSSIONS ABOUT WHAT, WHAT OUR OPTIONS WERE, AND WE DECIDED THE COURSE OF ACTION SHOULD BE TO FUND THEIR 2026 SUMMER MIDDLE SCHOOL PROGRAM.
SO WE REACHED OUT TO THE GRANTEE.
WE GOT A COMMITMENT FROM THE GRANTEE THAT THE PROGRAM WAS STILL GONNA HAPPEN.
UH, DASD, AS YOU KNOW, IS THEIR PRIMARY PARTNER TO MAKE THIS HAPPEN.
THEY ALSO SENT A LETTER JUST REAFFIRMING THAT THE PROGRAM WAS GONNA HAPPEN IN 2026.
AND SO WE'RE GONNA, WE'LL DISCUSS THIS A LITTLE BIT LATER IN THE PRESENTATION.
UH, BUT WE ARE, YOU KNOW, WE'D LIKE TO APPROVE A 2026, UH, AWARD FOR THE SAME PROGRAM.
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UM, AND SO THAT'S JUST A, A QUICK OVERVIEW OF WHERE WE ARE WITH THE FY 25 CONTRACTS, IF YOU HAVE ANY QUESTIONS.THANK YOU, MS. ER, ARE THERE ANY QUESTIONS OR COMMENTS? IS THERE SUPPOSED TO BE SOMETHING ON THE SCREEN? UH, IT MAY NOT BE IN PRESENTATION.
SO THIS IS THE TABLE THAT KIND OF EXPLAINS WHAT I JUST SAID,
AND WHILE THE FOLKS ONLINE REVIEW THAT, WE DO HAVE A QUESTION.
UH, MR. DAWKINS, DO YOU BELIEVE THAT WHATEVER ISSUES THEY HAD WITH THEIR REGISTRATION WITH THE CITY, THAT ELSE WILL BE RESOLVED BY THE TIME THE TIME YOU'RE READY? YES.
WE, WE'D BE READY TO PUT THEM UNDER CONTRACT, BUT YOU KNOW, WE HAVE TO NOW KIND OF RESOLVE THE PROGRAM TIMING OF THEIR PROGRAM.
ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK ON THAT ITEM? MS. MESSER, JUST FOR CLARITY, WHEN YOU SAY, UH, THE ITEMS THAT ARE CONTRACT ACTIVE, THAT MEANS THEY, THE, THE SIGNATURES, EVERYTHING HAS BEEN SIGNED UP AND IT'S ACTIVE, CORRECT? JUST FOR CLARITY? YEAH.
THEIR CONTRACT IS COMPLETELY EXECUTED AND THEIR CONTRACT IS EFFECTIVE, MEANING THAT THEIR GRANT PERIOD HAS BEGUN AND THEY'RE IN THE PROCESS NOW OF THEIR PROGRAM.
DOES THAT MEAN THE FUNDS HAVE BEEN DISPERSED? WHEN DOES THAT HAPPEN? WHAT IS THE TIMING OF THAT? SO IT'S A REIMBURSEMENT BASED GRANT AND SO THEY WILL SUBMIT A DRAW REQUEST EVERY QUARTER.
AND SO, YOU KNOW, DEPENDING ON WHEN THEY WENT UNDER CONTRACT, THEIR QUARTERS ARE SLIGHTLY DIFFERENT.
UH, BUT WHEN THE FIRST QUARTER IS UP, THEY WILL THEN SUBMIT REIMBURSEMENT, UH, DRAW REQUESTS, WHICH WILL DETAIL KIND OF SOME OF THEIR PROGRESS AND THEIR PROGRAM.
AND IT'LL ALSO KIND OF RECEIPTS FOR ANY EXPENSES.
AND THEN WE TAKE THOSE, OUR COMPLIANCE MANAGER AND THEN THERE'S A PROCESS FOR APPROVING THOSE.
AND, AND JUST ONE LAST QUESTION ON THE, THE DRAW REQUEST.
IS IT, DO THE FUNDS, IS IT DISPERSED EVENLY OR, OR CAN THEY EXHAUST THE FUNDS FOR, YOU KNOW, FOUR QUARTERS? AND JUST TALK A BIT ABOUT THE MECHANICS ON THAT.
UH, IT'S, IT CAN BE A LITTLE BIT DIFFERENT FOR DEPENDING ON THE NEEDS OF EACH GRANTEE.
TYPICALLY WHAT HAPPENS IS WE TRY TO, UH, KIND OF STAGGER IT SO THAT THEY SUBMIT A DRAW REQUEST, KIND OF LIKE SOMEWHAT OF EQUAL AMOUNTS OVER THE ENTIRE PERIOD.
THERE'S SOME CASES WHERE PEOPLE MAYBE ARE PURCHASING JUST A FEW PIECES OF EQUIPMENT THAT ARE REALLY EXPENSIVE, SO THAT MIGHT HAPPEN MUCH MORE QUICKLY AND IN ONE DRAW REQUEST.
UH, BUT THE VAST MAJORITY OF, OF NONPROFIT GRANTEES DO DRAW OVER THE ENTIRE YEAR.
AND THAT'S JUST FOR WHAT I'M HEARING IS FOR ADDED FLEXIBILITY FOR THEM, RIGHT? CORRECT.
THE, I WOULD JUST ADD THAT THERE IS A REQUIREMENT THAT THE MATCHING GRANT BE PAID IN FULL BEFORE THEY'RE FULLY REIMBURSED.
SO WE HAVE SOME FLEXIBILITY THROUGH THE QUARTERS, BUT IF THEY HAVEN'T, UM, FULLY DEMONSTRATED THEIR MATCH, THEY'RE NOT GONNA BE ABLE TO GET THAT LAST PAYMENT.
ARE THERE ANY OTHER QUESTIONS THAT MR. DOCKER GONNA SEE HER? TYPICALLY THE TURNAROUND TIME ON THE REIMBURSEMENT REQUEST, A WEEK, TWO WEEKS TURNAROUND TIME ON REIMBURSEMENT REQUEST, A WEEK, TWO WEEKS.
SO IT TAKES US AGAIN, IF THE, IF THE PACKET'S COMPLETE AND A HUNDRED PERCENT READY TO GO, IT WOULD TAKE US ABOUT A WEEK TO REVIEW IT AND SUBMIT IT FOR PAYMENT.
THE CITY'S PAYMENT PROCESS, YOU KNOW, ONCE WE'RE DONE WITH IT, IS ABOUT 30 DAYS.
SO THAT IS, AS SOON AS WE REVIEWED IT, IT IT TAKES THE CITY 30 DAYS TO GET A CHECK TO THEIR ACCOUNT.
IT CAN BE SPED UP A LITTLE BIT IF THEY'RE GETTING A, UM, TRANSFER, LIKE A CH TRANSFER.
BUT THERE ARE MANY STEPS IN THE CITY'S PAYMENT PROCESS.
I WILL SAY THAT DURING THE ONBOARDING, WE DO TELL THE GRANTEES THAT THEY DO NOT GET PAID THE NEXT DAY.
AND SO TO KIND OF SET EXPECTATIONS UP FRONT SO THEY'RE NOT EXPECTING IMMEDIATE PAYMENT.
DOES THAT ANSWER YOUR QUESTIONS TO NOT YES, SIR.
UH, JUST ONE THING TO ADD THOUGH.
UM, IT'S POSSIBLE THAT SOME GRANTEES MAY HAVE TURNOVER IN THEIR ACCOUNTING AND FINANCE DEPARTMENT.
WOULD IT BE POSSIBLE TO PUT ON THE SUBMISSION REQUEST THOSE PAYMENT TERMS SO THAT THEY'RE CONSTANTLY REMINDED OF IT? BECAUSE, LIKE NICHOLAS WAS SAYING, BECAUSE OF SOME OF THE PURCHASES THEY MAY MAKE DURING THE COURSE OF THE YEAR, SOME THEY MIGHT NOT BE ABLE TO EASILY FLOAT OVER THE 30 DAYS AS SOME OTHERS.
AND JUST HAVING THAT CONSTANT REMINDER ABOUT THE EXPECTATIONS IN FRONT OF THEM MIGHT BE HELPFUL
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FOR THEM TO REALIZE, OH GEE, WAIT, IF WE MAKE THIS PURCHASE, WE'RE NOT GONNA GET PAID BACK FOR 30 TO 45 ON THE BACK END.YOU KNOW, LET'S MANAGE OUR CASH FLOW A LITTLE BETTER.
ANY OTHER QUESTIONS, COMMENTS OR FEEDBACK? UM, FOR MAYBE THE FOLKS ONLINE? JUST A QUICK CHECK.
UM, MR. HUGHES, WERE YOU ABLE TO GET YOUR CAMERA WORKING? WANNA MAKE SURE THAT YOU CAN MR. BROOKS? UH, UM, I'M IN IT TWICE, SO I'M ON MY PHONE.
I BELIEVE THE CAMERA ON MY LAPTOP IS WORKING, BUT I'M SHOWING AS A, THERE WE GO.
MS. BROOKS, ARE YOU ON YET? YES, I'M ON.
UH, I'M JUST GONNA CALL YOUR NAME AGAIN JUST FOR CLARIFICATION.
UM, ARE THERE ANY OTHER QUESTIONS OR COMMENTS OR FEEDBACK ON FIVE A? IF NOT, HEARING NONE.
WE'RE MOVING ON TO, UH, ITEM FIVE B, WHICH IS AN UPDATE ON THE FALL DEVELOPMENT INFO SESSIONS, UH, AND OUTREACH PLAN.
UM, SO YES, THE NEXT ITEM IS AN UPDATE ON OUR FALL ECONOMIC DEVELOPMENT INFO SESSION.
UM, YOU'LL SEE THAT IN YOUR PACKETS.
I INCLUDED A FLYER FOR THE UPCOMING EVENT, ONE IN ENGLISH, ONE IN SPANISH.
UH, AS YOU KNOW, IT'S NEXT WEEK, OCTOBER 9TH AT 10:30 AM LOCATED AT THE SOUTH DALLAS CULTURAL CENTER.
BUT WE'RE ALSO, WE ALSO HAVE A VIRTUAL COMPONENT.
UH, SO FOLKS WHO CAN'T JOIN IN PERSON CAN CERTAINLY JOIN US ONLINE.
UH, WE ARE HOSTING IT IN COLLABORATION WITH COUNCIL MEMBER BASIL DOULA'S OFFICE.
THEY'VE BEEN REALLY HELPFUL IN GETTING THE WORD OUT.
THEY HAVE REALLY STRONG, UH, CONNECTIONS IN, IN THE COMMUNITY, SO THEY'VE BEEN BLASTING IT OUT FOR US.
AND, UM, WE HAVE A TECHNICAL ASSISTANCE PARTNER THIS FOR THIS INFO SESSION, THE SOUTH DALLAS FAIR PARK INNOVATION CENTER, WHICH I DON'T KNOW IF YOU GUYS KNOW, IS BASED INSIDE VISTA BANK.
I DON'T KNOW IF YOU GUYS HAVE EVER WORKED WITH DAR ADULTS, BUT SHE'S BEEN REALLY WONDERFUL AT WORKING WITH BUSINESSES IN SOUTH DALLAS WHO WANT TO BECOME MORE BANKABLE.
UH, AND SO SHE'S GOING TO JOIN US FOR 10 MINUTES AND PROVIDE A PRESENTATION ON THE KINDS OF FREE SERVICES THEY OFFER TO HELP APPLICANTS, UH, WHO NEED SUPPORT IN FILLING OUT AN APPLICATION.
UM, AND SO, YOU KNOW, WE ARE PRETTY EXCITED ABOUT IT.
WE THINK THIS IS GONNA BE A WONDERFUL SUPPLEMENT TO A LOT OF THE OUTREACH THAT OUR OFFICE ALREADY CONTINUES TO DO.
UH, WE ARE GONNA CONTINUE WITH OUR OUTREACH PLAN.
SO, UH, THE SOUTH DALLAS FAIR PARK INNOVATION CENTER HAS ALREADY BEEN BLASTING IT OUT TO THEIR NETWORK.
THEY'VE BEEN SHARING IT ON SOCIAL MEDIA.
UM, AND SO WE'VE GOT A NUMBER OF RSPS ALREADY RACKING UP.
I THINK WE HAD 12 LEFT WHEN I LAST CHECKED EARLIER TODAY.
UH, COUNCIL MEMBER BASIL'S, OFFICE DISTRICT SEVEN, UM, HE'S CONTINUING TO SHARE IT.
HIS TEAM, HIS CHIEF OF STAFF, THEY'RE GONNA INCLUDE IT IN AN EMAIL SOON.
AND SO WE'RE REALLY EAGER FOR THE REST OF THOSE COMMUNICATIONS TO GO OUT.
UM, AND THEN WE'RE GONNA DO KIND OF THE OUTREACH THAT WE USUALLY DO.
UM, WHAT'S DIFFERENT ABOUT IT THIS TIME AROUND IS WE NOW HAVE SALESFORCE AND WE'VE BEEN ENTERING ALL THE FOLKS WHO REACH OUT TO US WITH INQUIRIES.
AND SO WE'RE ABLE TO PULL THE FOLKS WHO ARE INTERESTED IN THE SOUTH DALLAS FAIR PARK OPPORTUNITY FUND AND SEND THEM TARGETED EMAILS ABOUT THIS.
AND SO WE'RE GONNA CONTINUE DOING THAT.
WE'RE GONNA SHARE IT WITH OUR FINANCIAL PARTNERS, TA PARTNERS, AND OTHER STAKEHOLDERS IN THE COMMUNITY.
BUT WE FEEL REALLY GOOD AND WE'RE PRETTY EXCITED ABOUT IT.
UM, YOU KNOW, THOSE OF YOU WHO ARE ON THE BOARD, WE'D LOVE IT IF YOU COULD SHARE IT WITH THE FOLKS, UH, WHO YOU THINK MIGHT BE INTERESTED AND HAVE QUESTIONS ABOUT, UH, THE FUND.
THANK YOU VERY MUCH, MS. SARAH.
DO WE HAVE ANY QUESTIONS, COMMENTS, OR FEEDBACK ON THE FALL ECONOMIC DEVELOPMENT INFO SESSION UPCOMING ON OCTOBER 9TH IN PARTNERSHIP WITH COUNCIL MEMBER BASIL DOULA'S OFFICE? MR. DAWKINS, HOW MANY PEOPLE ROUGHLY ARE EXPECTING RANGE? WHEN WE HAD THE NOFA INFO SESSIONS, WE HAD ABOUT 45 OR SO FOR THE FIRST ONE, AND THEN WE HAD LIKE 15 FOR THE SECOND ONE.
UH, WE HAVE ABOUT, I THINK 12 RSVPS AS OF EARLIER TODAY.
MY GUT FEELING IS WE'LL PROBABLY END UP AROUND 12 TO 15 PEOPLE WHO ATTEND THE SESSION.
ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK? IF NOT, UM, I'VE GOT A COUPLE QUESTION.
UM, NICHOLAS, IS IT POSSIBLE YOU CAN, IS IT POSSIBLE THAT YOU CAN SEND THIS FLYER OUT? SURE.
PACKET? YEAH, IT WAS INCLUDED IN YOUR BOARD PACKET.
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FIND IT, I CAN RESEND IT TO YOU.ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK ON THIS ITEM? UH, YES.
I WAS JUST, UH, I JUST WANTED TO SHARE JUST A COMMENT.
UM, BECAUSE OF THE SUCCESS OF THE LAST ONE, UH, I'M REALLY CURIOUS TO SEE HOW MANY PEOPLE WE HAD TURN UP TO THIS ONE.
UM, IT WAS A REALLY GOOD TURNOUT LAST TIME, SO I THINK I'D BE CURIOUS TO SEE IF WE GET LIKE A SIMILAR, SIMILAR, UH, ATTENDANCE OR JUST SOMETHING DIFFERENT OR A LITTLE LESS, OR EVEN A LITTLE MORE.
I DON'T KNOW, BUT GREAT JOB ON ALL OF THIS.
I'M EXCITED TO SEE HOW THIS GOES.
MR. SIGNS, ARE WE ENCOURAGED TO ATTEND THIS OR IS THIS STAFF ONLY? YOU'RE MORE THAN WELCOME TO ATTEND.
UH, IF YOU'D LIKE TO GO AND JUST KIND OF SIT IN AND VIEW, YOU'RE MORE THAN WELCOME TO.
IT'S FOR OPEN TO THE PUBLIC AND ANYONE WHO WANTS TO JOIN.
ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK? UH, IF NOT, YOU GOT A COUPLE OF QUICK QUESTIONS.
UH, MR. ER, UH, WILL WE BE ABLE TO GET LEADS FROM VISTA BANK ALSO? CAN WE TAP INTO THERE OR HAVE THEY PROVIDED THOSE ALREADY TO, TO REACH OUT TO FOLKS WHO MAY BE INTERESTED, WHO MAY BE ABLE TO QUALIFY? I MEAN, IT SEEMS LIKE THAT WOULD BE A, A, A SENSE OF PLACE TO START AS WELL.
YEAH, WE'VE BEEN IN COMMUNICATION WITH VISTA BANK, UH, PRETTY FREQUENTLY.
WE ACTUALLY, UH, INITIALLY THIS WAS GONNA BE AT VISTA BANK, BUT BECAUSE OF FAIR, THE FAIR PARK, I MEAN THE STATE FAIR OF TEXAS, THEY HAD PARKING ISSUES.
UM, SO THEY'RE GONNA BE OUR PARTNER FOR THE ONE THAT'S GONNA BE, UH, HAPPENING IN FEBRUARY.
UM, BUT YEAH, WE, WE CERTAINLY, WE'VE SPOKEN TO LUBBOCK, UH, WHO IS, HAS BEEN MY CONTACT AT VISTA BANK, UH, NUMEROUS TIMES WHEN I FIRST STARTED WORKING HERE.
UH, WE WENT VERY RECENTLY TO AN EVENT THEY HAD OVER THERE AND WE SPOKE TO THEM.
SO HE, HE'S AWARE OF THE FUND AND HE KNOWS THAT WE'RE WILLING TO RECEIVE ANY REFERRALS HE HAS.
UM, AND SO WE HAVE A KIND OF AN OPEN LINE OF COMMUNICATION WITH VISTA BANK AND IT'S PRETTY STRONG.
AND, UH, JUST ONE LAST, UH, YOU KNOW, POINT ON, ON, ON VISTA BANK.
UH, I KNOW THERE ARE PARTNERS ON THE TECHNICAL, UH, ASSISTANCE PIECE.
WHAT DOES THAT ACTUALLY MEAN AND HOW, HOW WOULD THAT TIE IN? WHAT WILL THEY BE? BUT I KNOW MR. DARSA AND, AND LOVE WILL PROBABLY SPEAK TO THAT WHEN THEY'RE THERE, BUT WILL THEY SHARE WITH FOLKS THAT ARE, THAT, ARE THERE WHAT'S ACTUALLY AVAILABLE IN THAT TECHNICAL ASSISTANCE PROGRAM? YES.
SO OUT OF THE SOUTH DALLAS FAIR PARK INNOVATION CENTER, THEY RUN A PROGRAM CALLED PATH TO YES.
WHERE THEY PROVIDE ASSESSMENTS TO PEOPLE WHO HAVE BUSINESS IDEAS TO WHERE THEY SAY, KIND OF MEET THEM WHERE THEY ARE.
SO SHE'LL RUN AN ASSESSMENT OF KIND OF WHERE YOU ARE IN YOUR BUSINESS PLANNING, AND THEN SHE'LL MEET YOU THERE.
AND HER GOAL IS TO HELP GET THE FOLKS IN THE PATH TO YES PROGRAM, TO GET THEIR PROGRAM TO A PLACE THAT IS BANKABLE, UH, TO WHERE THEY'RE KIND OF READY FOR FINANCING.
SOME FOLKS IT TAKES MUCH LONGER, SOME FOLKS IT MOVES MUCH MORE QUICKLY.
UM, AND SO SHE'S GONNA TALK ABOUT THE PATH TS PROGRAM AND HOW FOLKS CAN GET THE KIND OF TECHNICAL ASSISTANCE IN FILLING OUT THEIR APPLICATION, UH, SO THEY CAN BE SUCCESSFUL.
AND SO THE PATH TOSS COVERS THINGS LIKE BUILDING A BUSINESS PLAN, HOW TO MAKE A PROFORMA TOGETHER, HOW TO LOOK AT CASH FLOW, YOU KNOW, THINGS LIKE THAT.
TEACHING THEM ABOUT DEBT SERVICE.
SO ALL THOSE THINGS ARE KIND OF INCLUDED AND SHE, SHE KIND OF STARTS WHERE THEY NEED THE HELP THE MOST.
AND SO SHE'S GONNA TALK ABOUT THAT IN HER PRESENTATION.
ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK FROM ANYBODY ONLINE? I THINK I SEE, UH, CHAIRWOMAN SIMS THAT YOU YES, IT'S ME AGAIN.
UM, IS, UH, IS THERE A CHARGE FOR THIS, FOR THE SERVICE THAT SHE PROVIDES TO THE BUSINESSES? THERE IS NO CHARGE FOR THE PATH TS PROGRAM.
THEY DO PROVIDE MORE TARGETED SERVICES WHERE THERE COULD BE ADDITIONAL CHARGES, BUT SHE, UH, IS GOING TO TALK ABOUT THE FREE SERVICES AVAILABLE AT THE SOUTH DALLAS FAIR PARK INNOVATION CENTER.
ALRIGHT, THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK ON THIS ITEM? AND WE'RE ON FIVE B UPDATE ON THE, UH, ECONOMIC DEVELOPMENT INFO SESSION.
WE WILL MOVE ON TO ITEM FIVE C, WHICH IS THE FISCAL YEAR 2026 NOFA PLANNING UPDATE.
SO EXCITING TIME, BUT THE NOFA IS GONNA BE OPENING UP AGAIN HERE PRETTY SOON.
UM, AND JUST TO REMIND EVERYBODY, UH, THE NOFA PERIOD FOR THIS YEAR, FOR FY 26 OPEN ON OCTOBER 14TH, WHICH IS A TUESDAY, AND CLOSING ON DECEMBER 5TH, WHICH IS A FRIDAY.
THE INFO SESSIONS ARE STILL CURRENTLY SCHEDULED FOR OCTOBER 28TH AND NOVEMBER 20TH.
UH, AND THEY'LL BE THE NEXT THINGS THAT I WORK ON ON MY TO-DO LIST.
SO THERE'LL BE MORE INFORMATION ABOUT THAT SHORTLY.
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INCLUDED, UM, A COPY OF THE FY 26 NOFA DRAFT IN YOUR BOARD PACKET.UM, WE MADE SOME, SOME CHANGES THIS YEAR.
YOU KNOW, WE WERE LISTENING TO FEEDBACK FROM APPLICANTS AND, AND ALSO FROM THE BOARD.
AND SO WE MADE SOME SLIGHT CHANGES.
UH, WE TIGHTENED UP THE SCORING MATRIX, WHICH WE THOUGHT WAS IMPORTANT.
UH, WE DECIDED TO ASK FOR A SCOPE OF WORK, WHICH IS SOMETHING WE NEED TO PUT FOLKS UNDER CONTRACT.
AND SO WE KIND OF PUT SOME OF THE RESPONSIBILITY ON THE APPLICANT TO PRODUCE A SCOPE OF WORK THAT WAS MORE THOROUGH.
UM, WE WANTED TO EMPHASIZE THE 90% ROLE.
SO IF YOUR OFFICE IS NOT LOCATED IN THE SERVICE AREA, YOU HAVE TO, UH, SHOW A ROSTER THAT AT LEAST 90% OF THE FOLKS THAT YOU SERVED ARE FROM THE SERVICE AREA.
SO WE KIND OF WOVE THAT INTO THE, INTO THE NOFA MORE.
SO IT WASN'T SO MUCH OF A SURPRISE.
IT'S SOMETHING THAT I EMPHASIZE WHEN I TALK TO APPLICANTS.
UM, BUT WE'VE DECIDED TO KIND OF MAKE IT MORE PRONOUNCED.
UM, AND THEN OF COURSE, AS YOU KNOW, WE EXTENDED THE SUBMISSION PERIOD, AND SO, UH, WE HAVE CLOSER TO EIGHT WEEKS FOR FOLKS TO WORK ON THEIR APPLICATION THIS YEAR.
AND OF COURSE, I WILL BE AVAILABLE FOR PEOPLE WHO HAVE QUESTIONS.
AND SO, UH, AND SO, YOU KNOW, UH, IF YOU GUYS HAVE ANY QUESTIONS ABOUT THE CURRENT 2026 NOFA, UM, I'M AVAILABLE.
I WAS LIKE, I HAVE MORE ON THE SLIDE.
UM, BUT WE HAD SUCH A GREAT TURNOUT LAST YEAR THAT WE'RE ESSENTIALLY GONNA REPLICATE OUR COMMUNICATIONS PLAN THAT WE DID LAST YEAR.
AND SO, AS YOU KNOW, THE BIGGEST CHUNK OF THAT IS GONNA BE WORKING WITH THE CITY OF DALLAS COMMS DEPARTMENT, UH, TO RELEASE, TO PUT OUT A PRESS RELEASE TO 24, 2400 OF THEIR MEDIA CONTACTS ACROSS THE CITY.
UM, WE PAY SPECIAL ATTENTION TO THE FOLKS WHO ARE SERVING, UH, THE SOUTH DALLAS SERVICE AREA.
SO, YOU KNOW, MEDIA ORGS LIKE THE DALLAS WEEKLY, TEXAS METRO NEWS, DALLAS FREE PRESS.
UM, WE'RE GONNA CONTINUE TO PROMOTE IT ON OUR WEBSITE.
UM, I WILL CONTINUE TO REACH OUT TO THE LOCAL GRANTS AND PHILANTHROPY NETWORKS IN THE CITY TO MAKE SURE THAT IT'S LISTED THERE.
UH, WE'RE GONNA BLAST IT OUT IN OUR E-NEWSLETTER ON OUR END, AND THEN WE'LL DO SOCIAL, AND THEN OF COURSE, THERE'S LIKE THE EMAIL SEGMENTATION.
AND SO WE'RE GONNA REACH OUT TO FORMER AWARDEES, FORMER APPLICANTS FOLKS WHO HAVE INQUIRED ABOUT IT THROUGHOUT THE YEAR TO MAKE SURE THAT ANYBODY WHO'S HAD CONTACT IN OUR OFFICE ABOUT THE, THE SOUTH DALLAS FAIR PARK OPPORTUNITY FUND IS NOTIFIED THAT THE NOFA IS OPENING.
AND THEN OF COURSE, THE FINAL PART OF THAT IS BOARD OUTREACH.
SO IF THERE ARE ANY FOLKS THAT YOU GUYS REACH OUT TO WHO YOU THINK ARE INTERESTED, WE'D BE HAPPY TO TALK TO THOSE PEOPLE.
I THANK YOU VERY MUCH FOR THAT REPORT.
ARE THERE ANY QUESTIONS, COMMENTS, OR FEEDBACK ON THAT ITEM? OKAY, I'M HEARING NONE.
THANK YOU VERY MUCH FOR THAT UPDATE, MS. ERRA.
UH, WE WILL MOVE ON TO THE NEXT AGENDA ITEM, WHICH IS AGENDA ITEM NUMBER SIX, WHICH IS THE REVIEW AND APPROVAL OF MODIFICATIONS TO THE PERFORMANCE PERIOD OF THE SOUTH DALLAS PARK OPPORTUNITY FUND HUMAN DEVELOPMENT AWARD, UH, THAT WE COVERED EARLIER, WHICH IS TOGETHER WE THRIVE.
SO, UH, MR. SER, IF YOU WANNA DIVE INTO THAT AND TAKE A LITTLE DEEPER DIVE INTO THAT TO THE SPECIFICS OF, OF WHAT THE, UH, REQUESTED MODIFICATIONS ARE.
SO, UM, SO YEAH, AS I MENTIONED, YOU KNOW, ONE OF THE, ONE OF THE CHALLENGES WE HAD IS GETTING THEM UNDER CONTRACT.
BY THE TIME THEIR PROGRAM STARTED, THEIR PROGRAM STARTED JULY 1ST.
THEY DIDN'T GET REGISTERED AS A VENDOR UNTIL JULY 10TH.
UM, AND THE WAY THE CONTRACT SYSTEM WAY IT WORKS IS IF WE CANNOT REIMBURSE THEM FOR EXPENSES BEFORE THEIR CONTRACT IS EFFECTIVE.
AND SO, UH, WE DIDN'T WANT HER TO BE KIND OF OUT FOR SOME OF THE EXPENSES THAT WOULD'VE BEEN ELIGIBLE.
AND SO AFTER HAVING CONVERSATIONS, UH, WITH HEATHER AND WITH, UH, CITY ATTORNEY'S OFFICE AND OUR FINANCE TEAM, WE DECIDED THE BEST COURSE OF ACTION WAS TO FUND THEIR 2026 SUMMER MIDDLE SCHOOL PROGRAM INSTEAD OF THEIR 2025.
THE PROGRAM ITSELF IS NOT CHANGING.
IT'S THE EXACT SAME PROGRAM YOU ALL APPROVED.
UH, AND, AND SO THE ONLY DIFFERENCE IS IT'S GONNA BE IN 2026 INSTEAD OF 2025.
AND SO I'LL READ THE PROJECT OVERVIEW JUST AS A, AS A REMINDER, THE TOGETHER WE THRIVE SUMMER MIDDLE SCHOOL PROGRAM AT RESOURCE CENTER SOUTH IN FAIR PARK PROVIDES CERTIFIED LIFE COACHING AND SOCIAL EMOTIONAL LEARNING TO DISD STUDENTS THROUGH DAILY MENTORSHIP, ENGAGING IN SEL ACTIVITIES AND MEANINGFUL RELATIONSHIP BUILDING STUDENTS, GAIN CONFIDENCE, IMPROVE COMMUNICATION, AND STRENGTHEN EMOTIONAL RESILIENCE.
THE PROGRAM ADDRESSES SUMMER LEARNING LOSS, ENHANCES SCHOOL READINESS, AND PROVIDES STUDENTS A SAFE, ENRICHING SPACE DURING THE SUMMER DAYS.
SO TOGETHER, WE THRIVE AS A PARTNER OF DISD, AND THEY PROVIDE AFTERSCHOOL PROGRAMMING THROUGHOUT THE YEAR AT A NUMBER OF DIFFERENT DISD CAMPUSES.
THIS PROGRAM IN PARTICULAR IS FOR A SUMMER PROGRAM.
UM, AND SO AGAIN, IT'S THE SAME PROGRAM THAT WAS APPROVED, UM, AT THE MAY 19TH MEETING.
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GONNA BE A 2026 SUMMER PROGRAM INSTEAD OF THE 2025.ARE THERE ANY QUESTIONS, COMMENTS, OR FEEDBACK ON TOGETHER WE THRIVE IN THAT REQUEST? MR. DAWKINS, WHAT TYPE, IF ANY, UM, APPROVAL DID WE HAVE TO DO IN ORDER TO SHIFT THE YEAR? SO THAT'S ACTUALLY WHAT WE'RE DOING RIGHT NOW.
WE HAVEN'T, WE'RE ASKING THE BOARD FOR PERMISSION TO DO THAT.
UM, SO YOU'LL TAKE A VOTE TO APPROVE THAT OR NOT.
SO WE HAVEN'T, WE HAVEN'T COMMITTED TO THAT YET.
DO WE HAVE TO HAVE ANY TYPE OF APPROVAL BEYOND THIS BOARD? NO, SIR.
ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK? MR. HAVE THEIR, MR. GO AHEAD.
HAVE THEIR MATCHING FUNDS ALSO SHIFTED A YEAR, OR ARE THEY GETTING NEW MATCHING FUNDS? HOW DOES THAT WORK? UM, I WAS LIKE, WE DID VERIFY THEIR MATCHING FUNDS, UM, AND THEY'RE GONNA, THEY'RE GONNA HAVE THE SAME MATCHING FUNDS FOR NEXT YEAR.
I'LL ALSO NOTE THAT WHEN WE REDID THE NOFA FOR NEXT YEAR, WE EMPHASIZE THAT THE PROGRAMS WON'T START UNTIL A LATER DATE SO THAT THEY CAN'T HAVE A SPRING START OR LIKE A JUNE ONE START, BECAUSE IT JUST WON'T FIT WITH THE TIMELINE.
UM, AND SO THAT'S MORE CLEAR IN THE UPCOMING NOFA, JUST SO THAT EXPECTATION IS SET OUT MORE CLEARLY BECAUSE WE JUST, THIS ONE GOT AWAY FROM US.
SO IF PEOPLE KNOW THAT THEIR PROGRAM IS IN THE SPRING, ARE THEY ALLOWED TO APPLY FOR THE FOLLOWING YEAR? YEAH, SO THE IDEA WOULD BE, YOU KNOW, WITH THE APPLICATION CYCLE, THEIR START DATE CAN BE WHENEVER, AND THE TERM IS ONE YEAR FROM WHATEVER THAT START DATE IS.
BUT WE JUST NEED TO KNOW THAT MORE CLEARLY UPFRONT.
UM, AND PART OF THE OTHER THING THAT WE'RE DOING WITH THE NUNO S NICHOLAS MENTIONED IS WE ARE REQUESTING THEY SUBMIT A SCOPE OF WORK.
AND SO THAT WILL BE, BECAUSE THAT'S REALLY WHAT'S BEEN DRIVING A LOT OF THE DELAYS ON GETTING THEM UNDER CONTRACT BECAUSE WE'VE HAD TO THEN GO BACK AND FORTH.
SO WE'LL HAVE THAT DOCUMENT UPFRONT AND HOPEFULLY BE ABLE TO GET THEM UNDER CONTRACT.
HONESTLY, IT SHOULD BE WITHIN SIX WEEKS.
IT SHOULDN'T BE ANY LONGER THAN THAT FOUR TO SIX WEEKS.
ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK? CHAIRMAN RODRIGUEZ? THANK YOU, MR. CHAIR.
UM, QUICK QUESTION ON THE DISBURSEMENT OF THE FUNDS.
SO REGARDLESS IF IT'S THIS PROGRAM OR ANY PROGRAM FROM A NOFA STANDPOINT, UM, IF THEY'RE APPLYING IN OUR FISCAL YEAR, THE FUNDS HAVE TO BE DISTRIBUTED WITHIN THAT FISCAL YEAR, CORRECT? OR NOT? SO IT'LL BE ENCUMBERED THIS YEAR, SO IT'LL BE HELD FOR THEM AND IT CAN GO OUT THE NEXT YEAR.
SO YOU'LL STILL HAVE A FULL $200,000 FOR THE UPCOMING CYCLE? UH, UH, THE, THE REASON I ASK THAT QUESTION IS BECAUSE I THINK, I FEEL LIKE THIS ONE IS KIND OF LIKE AN ACCIDENTAL POSITIVE FOR US TO KIND OF START WORKING A BIT MORE PROACTIVELY, UM, TO FUND, YOU KNOW, PROGRAMS THAT MIGHT BE COMING FURTHER DOWN THE LINE INSTEAD OF A LITTLE BIT MORE REAL TIME.
UM, SO KNOWING THAT THE FUNDS ARE ENCUMBERED FOR THE YEAR, UM, AND EARMARK FOR THEM MIGHT HELP US WORK WITH, WITH BUSINESSES THAT HAVE FUTURE PROGRAMS THAT THEY'RE PLANNING A LITTLE BIT MORE FURTHER IN ADVANCE.
THERE ARE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK ON THE MODIFICATION REQUESTS FOR TOGETHER WE THRIVE? ARE THERE ANY HANDS, UH, SEE THERE, ARE THERE ANY HANDS RAISED? IF, IF SO, GO AHEAD AND, AND, AND TYPE UP IF, IF YOU HAVE YOUR HAND UP.
SO, UH, WE WILL GO AHEAD AND, UH, TAKE A VOTE.
AND IS THERE A MOTION ON THIS ONE? SO MOVED.
IT'S BEEN MOVED BY MR. HUGHES.
MR. ENRIQUEZ, CHAIRMAN ENRIQUEZ.
ANY OPPOSED? ANY OPPOSED? ANY OPPOSED? I'M HEARING NONE.
UM, WE, UH, TOGETHER, WEDER HAS BEEN APPROVED FOR THE MODIFICATION.
THANK YOU VERY MUCH FOR, FOR THE UPDATE ON THAT.
UH, MOVING ON TO OUR NEXT AGENDA ITEM, AGENDA ITEM NUMBER SEVEN, WHICH IS A REVIEW AND APPROVAL OF THE MODIFICATIONS FOR THE SOUTH DALLAS FAIR PARK OPPORTUNITY FUND GRANT AGREEMENT FOR THE DALLAS EXAMINER.
UH, NOW THIS PROJECT WAS A PROJECT, UH, THAT WAS APPROVED, UM, UH, BACK IN MAY OF 2023.
SO WE WILL GET A QUICK REFRESHER ON THAT, UH, FROM MR. BECERRA.
AND, UM, WE WILL GO THROUGH THE SAME PROCESS.
IF YOU HAVE ANY QUESTIONS, PLEASE HOLD THEM TO THE END AND WE WILL ADDRESS ALL QUESTIONS AND THEN WE WILL TAKE A VOTE, UH, ON THE MODIFICATION REQUEST HERE AS WELL.
[00:30:02]
SO, YEAH, I'LL JUST GO THROUGH THIS VERY QUICKLY.UM, IN 2023, THE BOARD APPROVED A GRANT OF UP TO $170,998 FOR THE IMPROVEMENT IN RENOVATION.
IN ADDITION, UM, TO THE BUILDING THAT'S AT 45 10 SOUTH MALCOLM X BOULEVARD.
UM, IT'S CURRENT COMMUNICATIONS, IT'S THE FORMAL NAME, BUT IT'S KNOWN AS THE DALLAS EXAMINER.
UM, AND CITY COUNCIL RECOMMENDED THAT AWARD FOR APPROVAL ON JUNE 22ND, 2023.
THAT SAID, UH, SO THIS IS, UH, THIS IS THE BUILDING.
UM, THE DALLAS EXAMINER IS A BLACK, BLACK-OWNED, LOCALLY OPERATED NEWSPAPER THAT IS WELL, UH, A CREDIBLE VOICE AND VALUABLE SOURCE OF INFORMATION IN THE SOUTH DALLAS AND DALLAS COMMUNITY.
UM, AND THE OPERATOR WANTED TO PUT AN EXPANSION ON IT, BRING THE BUILDING BACK INTO A MORE, UM, WORKABLE CONDITION, UM, AND THEN BE ABLE TO PUT ADDITIONAL JOURNALISTS IN THE FACILITY.
CAPITAL IMPROVEMENTS, RENOVATION COSTS RELATED TO THE RESTORATION OF THE BUILDING.
UM, AND THEN AGAIN, SHE WOULD BRING IN NEW JOURNALISTS FOR STAGING IN-HOUSE INTERVIEWS AND THEN TRAINING FOR INTERNS.
UM, OH, I THINK YOU WENT TOO FAR.
UM, IT WAS EXPECTED TO PROVIDE UP TO THREE PART-TIME JOBS, UM, AND THEN THE PROJECT WOULD HAVE PROVIDED ADDITIONAL TACTICAL VALUE.
I WILL NOTE THAT THIS PROJECT PREDATED OUR OFFICE, UM, DOING THE UNDERWRITING FOR IT.
SO THIS IS WHAT WAS IN THE SLIDES THAT WENT TO CITY COUNCIL PROVIDED BY SBC.
UH, TOTAL PROJECT COST IS 180 4.
THE PROPERTY OWNER, MOLLY BELL, WILL PROVIDE 13,450,000, $13,450 IN OWNER EQUITY.
UM, AND THE GRANT FUNDING IS PAYABLE UPON COMPLETION, VERIFICATION OF RENOVATIONS, PROJECT IMPROVEMENT CO.
AND WHEN THIS WAS WRITTEN, THE EXPECTED DATE OF COMPLETION WAS FEBRUARY OF 2024.
SO LAST YEAR SHE CAME AND SPOKE TO US ABOUT EXTENDING THE PROJECT.
SHE BEEN HAVING A HARD TIME, UM, GETTING THE CASH TO ACTUALLY START THE PROJECT.
SO WE PROPOSED THE FOLLOWING CHANGES THROUGH AN ADMINISTRATIVE ACTION TO MAKE THE PROJECT MORE WORKABLE FOR HER WITH THE REDUCED SCOPE.
UM, SO THE PROJECT BASICALLY WOULD BE REDUCED.
SHE WOULD NO LONGER DO THE ADDITION TO THE PROJECT, BUT SHE WOULD CONTINUE TO DO THE KIND OF BUILDING REPAIRS, THE NEW ROOF, UM, SOME, YOU KNOW, WALL ENHANCEMENTS, LIKE JUST TO MAKE IT MORE WORKABLE.
UM, BUT IT WOULDN'T BE THE OVERARCHING ADDITIONAL SPACE THAT WAS GONNA BE IN THERE BEFORE.
AND SHE INDICATED THAT THERE WASN'T A NEED FOR EXPANDED SPACE ON SITE BECAUSE PEOPLE WERE WORKING FROM HOME.
AND WITH ZOOM, IT JUST PROVIDED MORE FLEXIBILITY IN HOW PEOPLE WERE DOING THE BUSINESS.
UM, SO IT PROPOSED TO EXTEND THE DEADLINE TO SEPTEMBER 30 OF THIS YEAR.
SO TILL TOMORROW, UH, REDUCE THE AMOUNT OF THE GRANT FROM THE 1 79 98 TO $82,115.
THAT ADDITION OBVIOUSLY ADJUSTED THE ATTACHMENTS TO REFLECT THE RED REVISED SCOPE.
UM, IT REMOVED THE JOB CREATION REQUIREMENT, UM, AND THEN IT ALLOWED THE GRANT PAYMENT TO BE MADE IN TWO PAYMENTS, IN HOPES THAT IF SHE DIDN'T HAVE TO GET ALL THE MONEY UP FRONT, WE COULD THEN MAKE THAT PROJECT GO A LITTLE BIT FASTER.
UM, AND SO THEN RECENTLY, WITHIN THE PAST FOUR WEEKS, SHE'S COME BACK TO US.
THE PROJECT STILL ISN'T UNDER CONSTRUCTION.
UM, AND AS FOR SOME ADDITIONAL CHANGES TO THE SCOPE, UM, AND SO WHAT WE ARE PROPOSING NOW FOR A MODIFICATION IS A MORE REDUCED SCOPE THAT REALLY JUST FOCUSES ON THE ROOF REPAIR, THE INSTALLATION OF GUTTERS, REPAIRING THE DRYWALL, AND THE COMPLETION OF THE CEILING GRID AND OTHER TAL REPAIR AS NEEDED.
UM, WHICH WILL THEN MAKE THE BUILDING WATER TIGHT IN A SAFER WORKING ENVIRONMENT.
THE REVISED PROJECT SCOPE IS $55,811.
HER MINIMUM INVESTMENT WILL REMAIN THE SAME OF 13,300.
I THINK IT'S 40, BUT THAT SAYS 60.
UM, AND THEN IN CONSIDERATION SHE WILL, SO UNDER THE CITY REQUIREMENTS, IF WE ARE GETTING SOMETHING, SHE HAS TO GIVE SOMETHING.
SO SHE WILL THEN EXPAND HER INTERNSHIP PROGRAM, WHICH WAS PREVIOUSLY JUST A SUMMER INTERNSHIP PROGRAM TO A YEAR ROUND INTERNSHIP PROGRAM FOR COLLEGE STUDENTS.
SO THAT WOULD BE THE CONSIDERATION OF THE REVISED SCOPE.
UM, AND THEN WE WERE PROPOSING TO EXTEND THE DEADLINES FOR COMPLETION UNTIL MARCH OF 2027.
OKAY, SO THAT'S, THAT'S ESSENTIALLY THE REQUEST TO THE BOARD, UM, TO REDUCE THE SCOPE, EXTEND THE DEADLINES.
[00:35:03]
AND THEN THE OTHER THING IS, BECAUSE IT'S A SMALLER AMOUNT, UM, THE CITY MANAGER'S OFFICE REALLY WANTED IT TO GO AND ONE PAYMENT INSTEAD OF TWO PAYMENTS TO GET THE, THE MONEY, UM, BECAUSE IT'S NOT SECURED ON OUR END.SO IT'S, WE WANNA BE REIMBURSING THE FULL COMPLETION OF THE PROJECT AND THERE'S NO BREAK POINT ANYMORE.
THERE USED TO BE A BREAK POINT, THERE WAS A PHASE ONE AND A PHASE TWO.
THAT'S BECAUSE IT'S JUST ONE PROJECT.
WE NEED TO SEE THE WHOLE THING COMPLETED.
UM, AND WE HAVE TALKED TO THE PROJECT OWNER AND SHE HAS AGREED TO THESE TERMS. ARE THERE ANY QUESTIONS, COMMENTS, OR FEEDBACK ON THIS MODIFICATION REQUEST? MR. DAWKINS, WHY DOES HER CASH REMAIN UNCHANGED? UM, I MEAN, IT'S A FAIR, FAIRLY NOMINAL AMOUNT, AND SO SHE NEEDS TO HAVE SOME INVESTMENT INTO THE PROJECT.
UM, BUT I'M THINKING IF THE TOTAL USE OF FUNDS SHRINKS, WAS THERE A CONSIDERATION GIVEN TO HER CASH INVESTMENT SHRINKING? UM, IT ULTIMATELY DOESN'T MATTER BECAUSE SHE HAS TO PUT THE MONEY UP AND, YOU KNOW, THE, THE TOTAL PROJECT COST HAS TO BE $55,000 OR WHATEVER IT IS.
AND THAT HAS TO BE, UM, PROVIDED UPFRONT FOR US TO BE ABLE TO REIMBURSE THE REMAINING 38,000.
WE HAVE TO GO TO, I'LL ALSO SAY THIS WILL THEN GO TO CITY COUNCIL, ASSUMING THE, IF THE BOARD APPROVES THIS, WE WOULD TAKE THIS TO CITY COUNCIL AND IT'S VERY ATYPICAL FOR US TO REDUCE EVERY, YOU KNOW, BALANCING OUT WHAT WE'RE GETTING AND WHAT WE'RE GIVING, WE THOUGHT LEAVING HER MINIMUM INVESTMENT WHERE IT WAS MADE THE MOST SENSE.
HOW DID SHE FEEL ABOUT THAT? SHE WAS OKAY WITH IT.
JUST TRYING TO BALANCE THE PUBLIC PERCEPTION OUT THERE AT THE MARKET.
ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK? CHAIRMAN ENRIQUEZ.
UH, FOR CLARITY'S SAKE, I KNOW THE, THE LANGUAGE IN, IN THE SLIDES MENTIONED THAT IT WAS A TOTAL GRANT AMOUNT, UM, BUT I KNOW THERE'S SOME MONEY THAT, THAT, THAT THE, UH, THIS INDIVIDUAL'S PUTTING INTO THE PROJECT.
SO IS IT A GRANT OR IS IT A LOAN? SO IT'S STRUCTURED AS A GRANT, UM, WHICH IS NOT NECESSARILY CONFORMING WITH THE PROJECT THAT THE BOARD WOULD BE APPROVING.
NOW, I DON'T KNOW HOW THIS WAS STRUCTURED BECAUSE IT, THIS WAS AN ECONOMIC DEVELOPMENT PROJECT, WE WOULD'VE REQUIRED A LOAN TO IT, BUT THIS WAS STRUCTURED AS A GRANT THE WHOLE TIME.
SO GIVEN THAT WE MAINTAINED THE STRUCTURE OF IT AS A GRANT, AND THANK YOU FOR THAT.
AND FOR CLARITY'S SAKE, IT JUST WANNA MAKE SURE WE'VE REDUCED THE PROJECT FROM 170,000, ALMOST 171,000 TO 82,000 NOW 55,000? CORRECT.
THE TOTAL PROJECT RIGHT NOW IS 55,000 BECAUSE THIS PROJECT WAS APPROVED IN 2023.
AND OBVIOUSLY IF IT'S GRANT MONEY, YOU KNOW, IT, IT HITS THE SIDE OF THE, THE, THE NOFA PIECE, YOU KNOW, FROM NO, IT'S NOT.
SO HOW, SO HOW DOES THAT FUNDING WORK NOW THAT WE'VE REDUCED A DRASTIC AMOUNT? WHAT HAPPENS TO THOSE FUNDS? IT REMAINS IN THE FUND TO BE USED FOR OTHER PROJECTS, OTHER ECONOMIC DEVELOPMENT PROJECTS.
SO THIS IS A GRANT ON THE ECONOMIC DEVELOPMENT SIDE THAT, THAT DOES NOT NEED TO BE REPAID CHECK.
UM, IT WILL BE A REIMBURSEMENT GRANT OF HER EXPENSES.
AND ONCE IT IS PAID, ASSUMING SHE REMAINS IN COMPLIANCE, IT DOES NOT NEED TO BE REPAID? CORRECT.
AND HER GRANT AMOUNT WOULD BE 42,360? I THINK.
YEAH, THAT MY EARLIER FIGURE WAS MORE SO REFERRING TO THE FULL SCOPE OF WORK.
ENRIQUEZ, ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK? MR. S THIS IS MORE OF A BANKING QUESTION, BUT WHEN WE HAVE A DEAL THAT SITS OUT THERE FOR TWO OR THREE YEARS LIKE THIS, WE USUALLY REQUIRE NEW CONTRACTS WITH THE GENERAL CONTRACTOR AND SORT OF UPDATED INSPECTIONS, ALL THAT.
SO WE DID GET AN UPDATED ESTIMATE.
UM, SO IT WENT UP ABOUT $3,000 FROM LAST YEAR, TO YOUR POINT.
SO IT'S SCOPED TO THE UPDATED ESTIMATE, AND THAT'S DATED FROM LESS THAN A MONTH AGO.
THANK, I THINK MSS, JERRY, WE GUESS ONE MORE QUESTION.
STAFF, UM, BECAUSE THERE'S BEEN THREE, THIS IS THE THIRD REVISION.
WHAT SPECIFICALLY DROVE THE NEED TO REVISE SO MANY TIMES? SO I THINK, AND AGAIN, WE WERE NOT PART OF THE ORIGINAL SCOPING, BUT MY UNDERSTANDING IS THAT SHE WAS INTENDING TO GET A BANK LOAN FOR THE PROJECT COST FOR THE ORIGINAL GRANT OR SOME TYPE OF BRIDGE LOAN, BUT THEN SHE DIDN'T WANT TO HAVE THE LIEN PUT ON
[00:40:01]
HER PROPERTY, AND SO SHE MOVED AWAY FROM THAT AND IS TRYING TO FIND OTHER WAYS TO FUNDRAISE IT TO GET TO THAT FUNDING SOURCE.I WAS TRYING TO IDENTIFY WHAT THE BIGGEST DRIVER WAS FOR SO MANY CHANGES.
ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK, UM, FROM ANYBODY ON THIS ITEM? I REALLY QUICKLY A QUESTION, JUST A QUICK QUESTION FOR STAFF.
UH, DID WE, DID WE GET AN UPDATE? CAN YOU REMIND US OF WHAT THE UPDATE WAS ON THE, THE TIMELINE THAT THE, UH, APPLICANT THINKS THAT THEY'LL BE ABLE TO FINISH THE, THE, THE SCOPE THIS TIME? I KNOW WE, I KNOW SHE HAS AN 18 MONTH WINDOW, BUT, UM, THERE ANY INDICATION THERE OR IS THAT KIND OF OPEN-ENDED? UM, SHE WOULD LIKE TO START AS SOON AS POSSIBLE.
IT'S GONNA BE DEPENDENT ON HER ABILITY TO RAISE THE FUNDS.
ARE THERE ANY OTHER, UH, QUESTIONS, COMMENTS, FEEDBACK ON THIS ITEM? UH, IT LOOKS LIKE CHAIRWOMAN SIMS. JUST A QUICK QUESTION.
UM, DOES SHE HAVE A CERTAIN AMOUNT OF TIME THAT SHE HAS TO USE THE FUNDING? ARE WE ABLE TO CONTINUE TO GIVE HER OR GIVE HER AN EXTENSION IF SHE GOES BEYOND THAT DEADLINE? SO THE ORIGINAL DEADLINE WAS, I THINK THE ORIGINAL DEADLINE WITH THE NINE MONTH EXTENSION THAT WAS BUILT INTO THE CONTRACT WAS SEPTEMBER 30TH, 2024.
AND THEN LAST YEAR VIA ADMINISTRATIVE ACTION, WE PROVIDED AN ADDITIONAL ONE YEAR DEADLINE EXTENSION, AND NOW WE'RE PROVIDING ANOTHER 18 MONTH DEADLINE EXTENSION.
SO I GUESS MY QUESTION IS, HOW LONG CAN WE EXTEND OUT FOR HER UNTIL WE SAY WE JUST NEED TO REPROGRAM THE FUNDING? I, I WOULD SUGGEST, I MEAN THAT'S AT THE, THE BOARD'S DISCRETION, BUT I THINK WE'RE PROBABLY AFTER THIS, WE WOULD BE AT THAT POINT.
ANSWER YOUR QUESTION, MS. SIMS. CHAIRWOMAN SIMS? I'M SORRY, DOES THAT ANSWER YOUR QUESTION? DID YOU HAVE ANY FOLLOW UP QUESTIONS? YES.
ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK ON THIS ITEM? NO QUESTION.
I JUST NEED CLARITY ON THE DATE.
YOU SAID SHE NEEDS APPROVAL ON THE FIVE 30TH AND JUST TO HELP ME UNDERSTAND EXACTLY WHAT THAT MEANS.
SO THE, LIKE THIS ANSWER, SO THE COMPLETION DEADLINE UNDER THE ADMINISTRATIVE ACTION TO COMPLETE THE IMPROVEMENTS IS SEPTEMBER 30TH, 2025.
AS SOON, IF THE BOARD MOVES TO MOVE THIS TO CITY COUNCIL, WE'RE GONNA TAKE THAT ON OCTOBER 22ND, 2025.
SO WE WOULD THEN HAVE THE ABILITY TO PUSH THAT DEADLINE BACK FURTHER.
UM, AND SO WITH, BECAUSE IT'S WITHIN, YOU KNOW, 30 DAYS OF WHAT THAT DEADLINE IS, THERE'S FLEXIBILITY FOR US TO GO PAST THAT SEPTEMBER 30TH DEADLINE.
UH, CHAIRMAN THE WEEK IS, UM, ONE LAST QUESTION IN REGARDS TO THE, UH, THE NEW DEADLINE.
SO JUST TO MAKE SURE I, I GOT THAT TIMING CORRECT.
UM, AND IF THIS ADDITIONAL CHANGES APPROVED TO REDUCE SCOPE, WE WOULD BE LOOKING AT A TIMELINE OF MARCH OF 2027, CORRECT? CORRECT.
I MEAN, THE, THE TIMELINE FOR THE IMPROVEMENTS TO ACTUALLY DO THE CONSTRUCTION IS LIKE FOUR TO SIX WEEKS.
I MEAN, IT'S NOT A LONG PROJECT, BUT WE JUST GAVE A LOT OF TIME BECAUSE IT'S TAKEN A LOT OF TIME AND I DON'T WANNA HAVE TO BRING THIS BACK EVER.
WE WANNA SEE IT TO COMPLETION, RIGHT? SURE.
UM, AND SO WE'RE TRYING TO PROVIDE THAT FLEXIBILITY WITH THAT DUE DATE.
UH, I KNOW YOU MENTIONED JUST A FEW MINUTES AGO THAT, YOU KNOW, IN THE EVENT THAT, UH, WE END UP IN ANOTHER SPACE WHERE WE'RE EVALUATING, UH, EXTENSION, THAT WOULD PROBABLY BE APPROPRIATE TIME TO EXPLORE THE, UH, THE, THE REMARK THAT CHAIRWOMAN SIMS MADE ABOUT, UH, REPURPOSING.
UM, DO WE HA I I ASSUME THAT WE DON'T HAVE A STRUCTURED PROCESS IN PLACE OF WHAT THAT WOULD LOOK LIKE, HOW MANY TIMES WE WOULD PERMIT SOMEBODY TO, UM, UH, REEVALUATE AND MAKE CHANGES TO THEIR PROGRAMMING BEFORE WE REACH THAT TIMELINE? SO, I MEAN, THE CONTRACT HAS DEADLINES IN IT.
AND SO, YOU KNOW, IF THEY FAIL TO MEET THE DEADLINES, IT'S EITHER A TERMINATION OR A DEFAULT.
UM, UNLESS THE BOARD MAKES A CHOICE TO MAKE AN AMENDMENT TO IT.
SO THE BASELINE IS IF THEY DON'T DO THE WORK WITHIN THE PERFORMANCE PERIOD,
[00:45:01]
THEN THAT CONTRACT IS DONE.UM, AND HOPEFULLY, SO, AND IF, BUT THEY DO WANNA MAKE CHANGES, THEN WE WOULD TAKE THAT TO THE BOARD.
WE DON'T HAVE, I I THINK TO YOUR QUESTION, DO WE HAVE A STRUCTURE ON WHEN DO WE TAKE IT TO THE BOARD FOR MODIFICATION? WE'RE BASICALLY BRINGING EVERYTHING TO YOU FOR YOUR OPINION ON THAT.
UM, WE, UNLESS THE COMPANY HAS SAID EXPLICITLY OR THE NOT, THE ORGANIZATION HAS SAID, WE DO NOT WANNA CONTINUE THIS.
EVERYTHING ELSE WE'RE BRINGING TO YOU FOR YOUR REVIEW.
UM, AND WE DO HAVE ONE NOFA ON THE HUMAN DEVELOPMENT SIDE THAT DECIDED THEY JUST DIDN'T WANNA OPERATE UNDER THE PROGRAM.
AND SO THEY, WE OBVIOUSLY RESPECTED THEIR RIGHT TO TERMINATE THAT CONTRACT.
SO IF I UNDERSTAND PROPERLY, THEN WE DON'T REALLY HAVE A LIMIT TO THE AMOUNT OF TIMES THAT THEY COULD RESTRUCTURE THE PROGRAM, YOU KNOW, PENDING THAT WE APPROVE AS A BOARD.
THERE ISN'T PER SE LIKE, HEY, THERE, WE'LL WE'LL ALLOW YOU TO DO THIS FOUR TIMES, BUT THEN AFTER THAT WE WILL HAVE TO LOOK AT REPURPOSING.
UM, WE HAVE TO GO TO COUNCIL FOR THESE IN MOST CASES.
AND I THINK THERE IS A LIMIT TO HOW MANY TIMES WE CAN GET ADDITIONAL CONSIDERATION BECAUSE THEY HAVE TO PROVIDE SOMETHING NEW EVERY TIME THEY'RE PROPOSING A MODIFICATION TO THE CONTRACT.
SO IT'S REALLY A PRACTICAL MATTER.
I MEAN, THERE, I MEAN, I'VE HAD ONE CONTRACT THAT HAD SEVEN MODIFICATIONS MM-HMM
UM, BUT THAT'S BRADY'S LIKE, OH NO, NEVER AGAIN.
UM, IT WASN'T EVEN SOMETHING HE WORKED ON, BUT, UM, THAT WAS WITH HUD, CDBG, IT WAS IMMENSELY COMPLICATED.
I WOULD SAY MOST CONTRACTS YOU, ONCE YOU GET PAST LIKE THE FIRST OR SECOND MODIFICATION, YOU'RE REALLY, THAT'S REALLY WHERE YOU JUST, IT'S NOT WORKABLE AT THAT POINT.
THANK YOU FOR ENTERTAINING MY QUESTION.
THANK YOU CHAIRMAN HENRIQUEZ, ARE THERE ANY OTHER QUESTIONS, COMMENTS, OR FEEDBACK? YES, I HAVE A QUESTION.
CAN YOU HEAR ME? MS. IS THAT MS. KUMA BOND? IS THAT YOU? YES.
SO DOES SHE, DOES SHE HAVE A DEADLINE TO RAISE THE FUNDS? BECAUSE IT SEEMS LIKE, SHE SOUNDS LIKE FROM WHAT YOU'RE SAYING, SHE, SHE ACTUALLY HAD THE FUNDS, BUT SHE DIDN'T LIKE THE TERMS OF THE LOAN, I GUESS IS WHAT YOU'RE SAYING.
SO IS THERE A POINT WHERE, YOU KNOW, DOES SHE HAVE A DEADLINE TO, TO PRODUCE THESE FUNDS? I MEAN, THAT'S WHAT THE, THE MARCH, 2027 DEADLINE WOULD BE.
IT'S, IF THE PROJECT ISN'T COMPLETED BY THEN, I THINK THE ANSWER IS IT'S NOT GONNA GET COMPLETED.
SO THE SECOND PART WOULD BE HAVE YOU GUYS OFFERED ANY TECHNICAL ASSISTANCE TO HER? YOU KNOW, DO YOU FEEL LIKE SHE MIGHT NEED SOME HELP AS FAR AS HER LOAN? YOU KNOW, SHE, YOU KNOW, GO AHEAD.
SHE, SHE DOESN'T WANNA TAKE A SECURED LOAN.
UM, AND SO THERE'S, I MEAN, I KNOW THAT, I MEAN, I'VE TALKED TO THE CDF, I MEAN, I TALKED TO THE BANK THAT WAS GONNA, OR THE CDFI THAT WAS GONNA PROVIDE THE TERMS AND THEY THOUGHT THEY WERE GONNA BE UNDER AN AGREEMENT TO DO THIS.
UM, AND SHE HAS ENGAGED SOME ORGANIZATIONS TO HELP HER WITH THE FUNDRAISING.
UM, SO THAT'S ALL THAT HAS ALL TAKEN PLACE.
UH, MR. KUMU, THINK YOU WOULD ASKED MR. KUMU, LOOKS LIKE SHE MAY HAVE HAD TO STEP AWAY, UH, MOMENTARILY.
UH, TRYING TO GIVE A LITTLE BIT MORE TIME HERE FROM MS.
UM, SO, SO IN SUMMARY, JUST JUST TO SUMMARIZE HERE, UH, THIS IS ESSENTIALLY THE SECOND MODIFICATION, UM, THAT WAS MADE TO THIS PARTICULAR, UM, REQUEST.
AND SINCE THE APPLICANT DIDN'T WANT TO TAKE OUT DEBT ON THE PROJECT, IT'S ESSENTIALLY AN ALL EQUITY THING.
AND SHE'S BASICALLY NEED, JUST NEEDS TO RAISE THE EQUITY, UH, TO COMPLETE THE PROJECT AND THEN WILL AT THAT POINT BE REIMBURSED, UH, FOR THE DIFFERENCE, UH, LESS THE EQUITY THAT SHE PUT IN, UH, IN THE NEW DEADLINE.
IT'S BEEN EXTENDED 18 MONTHS TO, TO MARCH 20, UH, MARCH, 2030 FIRST OF 2027, BASICALLY.
SO WHAT WE'RE BASICALLY VOTING ON IS THE 18 MONTH EXTENSION OF THE REDUCED SCOPE.
UM, THE ADDITIONAL CONSIDERATION IN THIS CASE WAS, UH, THE, UH, REQUIREMENT TO, TO HAVE YOUR LONG INTERNSHIPS, RIGHT? SO, UH, SO WE'RE VOTING ON, AGAIN, IS APPROVING THE CONSIDERATION, UH, THE INCREASED CONSIDERATION THAT WAS AGREED UPON, REDUCING THE SCOPE, AND THEN AN 18 MONTH EXTENSION, UH, TO GET THE JOB EITHER PROJECT COMPLETED, ESSENTIALLY.
UM, ANY OTHER QUESTIONS? MS. KUMU, I SEE YOU BACK ON CAMERA.
DO YOU HAVE ANY OTHER QUESTIONS BEFORE WE ENTERTAIN A MOTION ON THIS ONE? UH, NO.
UH, IS THERE ANOTHER QUESTIONS?
[00:50:01]
UH, IS THERE A MOTION ON THIS MOTION? SO MOVED THAT WE, UH, SO MOVED BY, UH, CHAIR RODRIGUEZ.ANY OPPOSED? A AYE? ANY OPPOSED, UH, HEARING NONE.
UH, MOTION IS APPROVED, UH, EXTENSION GRANTED FOR THE DALLAS EXAMINER.
WE'LL MOVE ON TO OUR LAST AGENDA ITEM, WHICH IS AGENDA ITEM NUMBER EIGHT, WHICH, UH, WE HAVE A SUBCOMMITTEE UPDATE FROM OUR BUSINESS STRATEGY AND DEVELOPMENT SUBCOMMITTEE, UH, CHAIRWOMAN SIMS. I WILL TURN IT OVER TO YOU, UH, FOR A QUICK UPDATE.
JUST A COUPLE OF THINGS REALLY QUICKLY.
UM, AS I MENTIONED EARLIER, WELL, AT LEAST TO THE SUBCOMMITTEE I'VE MENTIONED EARLIER THAT I, UH, MADE A CONNECTION WITH, UM, SOMEONE FROM VERTEX BANK WHO WAS INTERESTED IN WORKING WITH SMALL BUSINESSES IN THE, UM, SOUTH DALLAS FAIR PARK AREA.
THEY ARE GOING THROUGH A MERGER RIGHT NOW, BUT AS SOON AS THEY GET THROUGH WITH THAT, SHE WANTS TO START, UM, EXPLORING WAYS IN WHICH, UM, SHE CAN PARTNER.
SHE DOES UNDERSTAND THAT WE ARE BASICALLY GAP FINANCING.
UM, AND SO, YOU KNOW, WE'LL, WE'LL JUST GO FROM THERE.
SO AS SOON AS THEY GET THROUGH THEIR MERGER, UM, WE'LL BE ABLE TO TALK, UH, A LITTLE BIT MORE SOLIDLY WITH HER.
UM, ALSO, UM, CC PUT TOGETHER A WONDERFUL TECHNICAL ASSISTANCE RESOURCE ONE PAGER, UM, FOR, FOR THOSE BUSINESSES, UM, YOU KNOW, WHO MAY NEED HELP WITH PUTTING TOGETHER THEIR BUSINESS PLAN OR, OR OTHER THINGS THAT WE HAVE TURNED THAT INTO NICHOLAS.
SO IF YOU ARE INTERESTED IN SEEING THAT, UM, PLEASE REACH OUT TO HIM AND CAN EMAIL THAT TO YOU.
NICHOLAS, DID I MISS ANYTHING? NOPE, I THINK THAT SOUNDS GREAT.
AND WE DID INVITE, UM, MELISSA FROM VERITEX, UH, SHE'S A VP OF COMMUNITY DEVELOPMENT AT VERTEX.
WE INVITED HER TO THE ECONOMIC DEVELOPMENT INFO SESSION AND SHE WAS SUPER INTERESTED.
SO THANK YOU TO, UH, CHAIR SIMS FOR MAKING THAT CONNECTION.
THANK YOU SO MUCH, CHAIRWOMAN SIMS. UM, IT'S FANTASTIC.
UM, ARE THERE ANY QUESTIONS FOR CHAIRWOMAN SIMS ON THE UPDATE WITH THE NEW VEREX BANK CONNECTION AND THE TECHNICAL ASSISTANCE, UM, RESOURCE, UH, ONE PAGER THAT MS, UH, IN INCARC PUT TOGETHER? UM, ANY QUESTIONS ABOUT THAT? QUESTIONS, COMMENTS FOR FEEDBACK? THANK YOU SO MUCH, UH, MR FOR PUTTING THAT TOGETHER AND, AND ALL THE WORK THAT THE, THIS DEVELOPMENT AND UH, DEVELOPMENT SUBCOMMITTEE IS DOING.
UM, IF THERE ARE NO MORE QUESTIONS AND THERE IS NO OTHER BUSINESS, IS THERE A MOTION TO ADJOURN? MOTION TO ADJOURN? SO MOVE, MOVED AND SECONDED.
ANY OPPOSED? ALL RIGHT, HEARING NONE.
THANK YOU VERY MUCH EVERYBODY.
THIS MEANS ADJOURNED AT 7:01 PM WE, WE'LL SEE YOU NEXT MONTH.