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WE START THE RECORDING THAT YOU ANNOUNCE WHEN WE[Dallas Grand Park South TIF District Board of Directors Meeting on December 4, 2025.]
START.SO THE MEETING IS RECORDED NOW, AND WE ARE STARTING ACTUALLY AT 2:03 PM ON DECEMBER 4TH, 2025.
MR. CHAIR, GOOD AFTERNOON EVERYONE.
I THANK YOU FOR, UH, PARTICIPATION TODAY.
UH, WE HAVE SIX ITEMS ON THE AGENDA, AND THE FIRST IS TO REVIEW THE MINUTES AND CONSIDER THE MINUTES THAT ARE JUNE THE FIFTH.
SO HAVE YOU HAD AN OPPORTUNITY TO READ OVER THE MINUTES FOR JUNE THE FIFTH? YES.
I WAS, I WAS JUST WONDERING, UH, UH, YOU KNOW, AT THE LAST MEETING, UM, AND MAYBE I, AND MAYBE I DID NOT, UH, PICK THIS UP MM-HMM
BUT, UH, DR. FLOWERS RECOMMENDED THAT THE MONIES THAT WE HAVE FROM DEEP ELEMENT WOULD, WOULD BE PLACING AN INTEREST BEARING ACCOUNT.
UH, WAS THAT IN THE MINUTES? I DON'T, NO, THAT WASN'T IN THE MINUTES.
AND I DON'T KNOW THAT TIP FUNDS CAN INCUR, WELL, NOT ANOTHER DISTRICT'S TIF FUNDS.
DO YOU KNOW, ON OUR, ON THIS TIP, DISTRICT'S FUND INTEREST DOES OCCUR, AND THAT'S REPORTED IN THE ANNUAL REPORT, BUT THAT IS NOT
I DON'T KNOW IF YOU'VE HEARD THAT, UH, MS. RAGSDALE, BUT APPARENTLY THE DISTRICT ITSELF CAN, THIS, THE GRAND HAR SOUTH TIF DISTRICT CAN IN OCCUR INTEREST, BUT THE FUNDS TRANSFER WOULD NOT.
THAT'S COMING FROM ANOTHER TIFF DISTRICT.
WHERE THEY'VE ALREADY READ THAT DISTRICT IS REALIZING A, A RETURN OF INTEREST.
I GUESS THE INTEREST WOULD ALMOST BE BATHED INTO THE TRANSFER, BECAUSE IF THAT DISTRICT IS REALIZING INTEREST, IF THAT MAKES SENSE, THEN THAT TRANSFER AMOUNT INCLUDES ANY INTEREST THAT THEY WOULD'VE INCURRED.
AND I WAS REALLY TALKING RIGHT.
BUT I WAS JUST REALLY, UH, UH, ASKING, AND I GUESS YOU DID ANSWER, AND THAT WAS IF IT WAS INCLUDED IN THE MINUTES THAT THIS WAS THE RECOMMENDATION REGARDLESS, AN UPDATE.
IT WAS JUST AN UPDATE THE LAST TIME.
IT WASN'T A PARTICULAR ITEM THAT WEEK.
SO, UH, BASED ON THE MINUTES FROM JUNE THE FIFTH, UH, ARE WE OKAY WITH THOSE MINUTES? AND IF SO, I NEED A, UH, MOTION TO ACCEPT THOSE MINUTES.
I'LL MAKE A MOTION THAT WE ACCEPT THE MINUTES FROM JUNE 5TH.
NUMBER FOUR IS THE ANNUAL REVIEW REPORT THAT WE DO ON AN ANNUAL BASIS.
AND I GIVE THAT, THANK YOU, SIR.
DID I NEED TO SHARE SCREEN FIRST? YEAH, I SUPPOSED TO SHARE, I HAD LIKE, PULL UP THE DOCUMENT AND THAT NEW SHARE SCREEN COMPANY.
CAN EVERYONE SEE THE SCREEN? ARE YOU SEEING THE ANNUAL REPORT? I AM, YES, YES.
NO, IT'S JUST, UH, JUST
YEAH, YOU CAN JUST RUN THROUGH IT.
WELL, THE BEAUTIFUL THING IS, UM, I'LL GIVE HIGHLIGHTS FOR THE GRAND ARKANSAS DISTRICT, UH, ANNUAL RECORD FOR FISCAL YEAR 20 24, 20 25.
UM, THE EXCITING THING IS THAT ONE OF OUR VERY OWN BOARD MEMBERS,
AND, UM, IT'S NICE TO START OFF WITH SOMETHING THAT'S NEW AND THAT IS THE REDEVELOPMENT OF 1632 MLK.
BUT THAT IS THE BAYLOR SCOTT AND WHITE COMMUNITY CARE CENTER, UH, THAT ST.
PHILIP'S, UH, DID REDEVELOPMENT.
UH, THAT'S COMING TO THE DISTRICT AS PART OF THE REDEVELOPMENT.
UM, I'LL GIVE HIGHLIGHTS BECAUSE YOU ALL HAVE COPIES OF IT
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AND WE DEFINITELY DON'T NEED TO READ THROUGH IT.SO AS IT RELATES TO, UM, DISTRICT IMPROVEMENTS, UM, NOT A WHOLE LOT OF VERTICAL ACTIVITY, BUT DEFINITELY, UM, A LOT OF COORDINATION WITHIN THE COMMUNITY WILL CONTINUE TO ORGANIZE PRE-DEVELOPMENT MEETINGS.
UM, THERE'S A LOT OF BUZZ FOR THE GRAND PARK SOUTH, UH, AREA AS YOU KNOW, UM, VARIOUS THE AREA PLAN, UM, AN AUTHORIZED HEARING COMING UP.
BUT AS A STAFF, YOU KNOW, WE DO FEEL INTEREST.
UM, UH, AND, AND AT THE PRE-DEVELOPMENT LEVEL, CERTAINLY YOU WOULD HEAR ABOUT ANYTHING THAT WE WERE BRINGING FORWARD TO YOU, BUT THAT'S ONGOING.
UM, WE ARE ENGAGED WITH, UH, THE LOCAL, THE AREA COMMITTEES, UH, THE PRIVATE LAND OWNERS AND DEVELOPERS AND WILL CONTINUE TO COLLABORATE WITH COMMUNITY LEADERS, UM, THAT ARE FOCUSED ON REVITALIZING THE AREA IN THE GRANT PARK SOUTH AREA.
FAR AS CURRENT DEVELOPMENT STATUS, UM, I TALKED ABOUT THE FRONT PAGE, THE 1632 MLK RETAIL BUILDING WAS FINISHED THIS YEAR, UH, DURING THE, THE FISCAL YEAR.
THAT'S 12,000 SQUARE FEET OF RETAIL SPACE.
WE'RE EXCITED ABOUT THAT INVESTMENT, UM, UH, THE GRANT INVESTMENT.
AND THEN OF COURSE WITH THAT, UH, BEING COMPLETED, UM, I THINK YOU ALL KNOW THAT THE MALCOLM'S POINT RETAIL PROJECT, AS WELL AS THE FOURTH THEATER ARE IN THE PIPELINE.
SO THOSE ARE THINGS THAT ARE HAPPENING AND I BELIEVE GO, OH, WE'RE AT, SHOOT, I'M DOING, DOING A TERRIBLE JOB WITH THIS.
UM, SO THE DISTRICT HAS, UM, REALIZED, UM, A LITTLE OVER A HUNDRED MILLION DOLLARS IN INVESTMENT SINCE ITS CREATION ON, WE'VE TALKED ABOUT, UM, NOT A WHOLE LOT WITH MIXED INCOME HOUSING.
SO THE DISTRICT, WE PROVIDED YOU ALL, UM, AN UPDATE.
IS THAT SOMEONE ASKING A QUESTION? NO, NO, NO.
UM, WE, THE ANNUAL FUNDS TRANSFER, I'M SORRY, I JUST KEEP, MY SCREEN IS A LITTLE BIT DIFFERENT FROM YS.
UM, THE ANNUAL FROM SPEAKING OF THE HOME HOMEOWNER STABILIZATION REPAIR AND DISPLACEMENT MITIGATION PROGRAM, YOU'RE ALL AWARE OF THE TRANSFER FROM THE DEVELOP TIP THAT WE TALKED ABOUT EARLIER, MS. RAGSDALE TO THE GRANT PARK SOUTH, UH, TO DISTRICT FOR FISCAL YEAR 24, 25.
THERE WAS A TRANSFER OF ANOTHER CLOSE TO $1.5 MILLION TO THAT.
AND WE, UM, THE HOUSING, UH, STAFF DID MAKE A RECOMMENDATION AND REQUEST FOR CITY COUNCIL TO AUTHORIZE THE EXECUTION OF, UM, UM, A THIRD PARTY VENDOR TO ADMINISTER AND MANAGE, UH, THE IMPLEMENTATION OF THAT PROGRAM.
SO WE SHOULD SEE SOME ACTIVITY WITH THAT IN THE COMING YEAR AS FAR AS THE VALUE, UM, AND INCREMENT SUMMARY.
UM, MAY I ASK A QUESTION ON THAT ONE? YEAH, SURE.
UH, IN OUR LAST MEETING THERE WAS, THERE WAS, UH, WE WERE NOT IN POSITION TO LEARN WHO THE CONTRACT WAS AWARDED TO.
ARE WE ABLE TO DISCLOSE THAT NOW? YES.
AND COUNCIL YOU TO SAY, YEAH, IT'S GONE WITH COUNCIL AND I KNOW, I WANT TO SAY IT'S SOMETHING AMERICA, VOLUNTEER AMERICA, I BELIEVE IS THE CONTRACTOR.
RIGHT? THAT'S WHAT I, THAT'S WHAT I UNDERSTAND.
SO I'D HAVE TO PULL UP, UH, THE AGENDA ITEM, BUT I BELIEVE IT WAS VOLUNTEER AMERICA VOLUNTEERS, AND THAT'S MY UNDERSTANDING.
VOLUNTEERS IN AMERICA, UHHUH
I JUST REALIZED IT BECAUSE IT WAS ON THE AGENDA THAT I SAW MM-HMM
AND I WANNA GO BACK TO SOMETHING, UH, JUST TO MAKE SURE WE, AND THIS MIGHT NOT BE NECESSARY, BUT, UH, UH, I JUST WANNA MAKE SURE THAT, THAT, THAT, THAT WE ARE DOING EVERYTHING ABOVE BOARD AND IN ORDER, WAS IT APPROPRIATE FOR US TO DECLARE THAT DR. FLOWERS WAS IN CONFLICT, THEREFORE HE EXCUSED HIMSELF? WAS THAT APPROPRIATE TO SAY IN THE MINUTES OR WHATEVER WHEN WE WERE TALKING ABOUT BAYLOR?
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WELL, WE WERE TALKING CENTERS INVOLVED.YEAH, IT WASN'T FUNDED BY THE TIF DISTRICT, BUT IT DEFINITELY HAS IMPLI IMPLICATIONS WITHIN THE DISTRICT TIF DISTRICT BECAUSE IT'S ON THE TAX ROLE.
IT WAS, IT'S A PART OF THE, OKAY, THAT'S FINE.
I KNOW YOU MENTIONED IT, YOU MENTIONED HIS NAME.
YEAH, IT WAS BOND FUNDS THAT WAS USED FOR THAT REDEVELOPMENT.
I KNOW, I KNOW YOU MENTIONED HIS NAME.
WELL, SPEAKING OF, UM, YOU KNOW, AT THE BASE YEAR OF THE DISTRICT, UM, THE VALUE WAS AROUND 79 MILLION.
UM, THE CERTIFIED, UH, TAXABLE VALUE AS OF 2025 IS UP TO 2 10, 2 50, UM, WHICH REPRESENTS, UM, 100, UH, 165%, CLOSE TO 166%, UH, INCREASE OVER THE BASE YEAR AS AMENDED.
THAT'S OVERALL 13% INCREASE FROM THE PREVIOUS YEAR.
SO, UM, IN 20 25, 26, THE TIF DISTRICT ANTICIPATES COLLECTING, UM, EIGHT, UH, 855,410 IN INCREMENTAL TAX REVENUE FOR THE YEAR.
UM, OBJECTIVES PROGRAMS, SUCCESS INDICATORS, UM, AGAIN, YOU KNOW, AT THE CREATION OF THE TIF DISTRICT, THERE WAS TREMENDOUS, UM, AMBITION AS THEY SHOULD BE.
THERE SHOULD BE WITH ANY, ANY PROJECT THAT YOU'RE GONNA UNDERTAKE.
UM, BUT VERY AMBITIOUS AT, YOU KNOW, UM, A TOTAL OF 579,000, 79 MILLION IN TACTICAL VALUE.
UM, TODAY WE'RE AT NEARLY 101 MILLION IN GROWTH THAT ONLY REPRESENTS 17% OF THE GOAL, BUT WE DEFINITELY HAVE CAPACITY, AND AGAIN, THERE'S A LOT OF BUZZ RIGHT NOW, UM, ON THAT FRONT.
UM, RIDERSHIP FOR THE DARK STATIONS, MLK HAS AN AVERAGE RIDERSHIP OF 1293.
WE KNOW THAT COVID, YOU KNOW, DEFINITELY AFFECTED, UM, THESE AREAS.
AND THEN FAIR PARK HAS, UM, AN AVERAGE RIDERSHIP OF 907 PEOPLE EVERY DAY.
UM, AND OF COURSE THE DART STATION IS, IS IMPORTANT FOR THE AREA.
AGAIN, NOT A WHOLE LOT WITH NEW DEVELOPMENT, BUT WE ARE EXCITED ABOUT THE THINGS THAT ARE IN THE PIPELINE.
AND THEN I'LL JUST, UH, SKIP OVER, YOU KNOW, UM, LIKE WE SAID, UM, AS FAR AS RETAIL AND COMMERCIAL USES, UM, THE 1632 BUILDING WAS, UH, AT 1632 MLK BUILDING WAS RENOVATED AND COMPLETED IN 2025.
RUTHIE'S CAFE IS FULLY OPERATIONAL AHEAD OF MYSELF, IS FULLY OPERATIONAL, UM, AND THE FOREST THEATER AND THE MALCOLMS POINT PROJECT ARE IN THE
I THINK THE NEXT SLIDE HAS RUTHIE'S.
UM, LOTS OF TALK ABOUT EXPANDING PARKS, UM, JUST OVERALL IN THE CITY OR PARKS IN GENERAL, WHAT'S HAPPENING IN THE, YOU KNOW, POCKET PARKS, THE DECK PARKS HAVE OTHERWISE.
UM, BUT A, YOU KNOW, AN UPDATE ON, UH, THE FAIR PARK COMMUNITY PARK IS, AND WE NOTED THAT IN 2025, THE PARK DID SECURE AN ADDITIONAL $3 MILLION IN STATE FUNDING THAT WAS AWARDED.
SO THAT BRINGS THEM CLOSER TO, UM, THE GOAL FOR THE COMMUNITY PARK.
SO, YOU KNOW, AGAIN, YOU KNOW, UM, AT THE CREATION OF THE TIF DISTRICT, THE BUDGET THAT WAS SET IN NET PRESENT VALUE WAS AN ANTICIPATION THAT THE INCREMENT COLLECTION WOULD, YOU KNOW, TOTAL $30 MILLION.
ARE YOU HOPEFUL, MR. OKAY, GOOD.
UM, AGAIN, I, I SAID THIS PREVIOUSLY, BUT THERE HAS BEEN AN INCREASE FROM THE BASE YEAR TO ONE, ALMOST 1.66, UH, 166%, AND THEN THE INCREMENT COLLECTION TO DATE IS A LITTLE OVER $3.5 MILLION.
THERE'S A SUMMARY HERE OF THE BOARD MEETINGS, MIGHT SEE YOUR NAMES ON HERE.
IF THERE ARE ANY DISCREPANCIES, JUST LET ME KNOW.
THAT'S WHAT I RECORDED FOR THE TIF BOARDS WHEN WE MEET, WHEN WE REALLY HAVE BUSINESS ANYWAY.
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FAR AS, UM, ITEMS THAT THE COUNCIL APPROVED, THERE WERE ONLY TWO ITEMS THAT WERE DIRECTLY RELATED TO THE TIF DISTRICT.ONE BEING THE, OBVIOUSLY THE ANNUAL REPORT THAT, UM, THAT AFTER YOU ALL ARE BRIEFED AS A BOARD GOES TO FULL COUNCIL AND THEN TO THE COMPTROLLER'S OFFICE, UH, THE STATE COMPTROLLER'S OFFICE TO BE FILED.
BUT ON FEBRUARY 26TH, UM, THE COUNCIL DID APPROVE LAST YEAR'S 23, 24, UM, ANNUAL REPORT.
AND THEN ON, UH, JUNE 25TH, 2025, A PUBLIC HEARING WAS HELD TO RECEIVE COMMENTS REGARDING THE SOUTH DALLAS FAIR PARK AREA PLAN.
AND I'M SURE YOU ALL KNOW THAT THERE'S AN AUTHORIZED HEARING PROCESS THAT'S, UH, WE'RE HEADED TO AUTHORIZE HEARING PROCESS.
THERE WAS COMMUNITY MEETINGS HAPPENING TO GO TO THE AUTHORIZED HEARING PROCESS.
SO THE ONLY PENDING TIFF DISTRICT ITEM WILL BE THIS, ACTUALLY THIS REPORT.
UM, AND HOPEFULLY WE'LL GET A RECOMMENDATION TO COUNCIL FOR PEOPLE.
UH, I'M, I'M LOOKING, I'M, I'M, I'M LISTENING ON THE PHONE AT THE SAME TIME, LOOKING AT THE REPORT, UH, AT LEAST REVIEWING THE REPORT.
AGAIN, I'M TRYING TO, COULD YOU HELP ME ON, UH, WHAT WE, THE, WHAT WE ANTICIPATE, UH, TAKE ME BACK TO WHAT WE ANTICIPATE THE REVENUE TO BE FOR 27, AT LEAST AT THIS TIME, AND, AND, AND THE POSSIBLE PROJECTS.
CAN YOU JUST REVIEW THAT WITH ME AGAIN? THE ANTICIPATED REVIEW FOR, NOT 27, BUT 26.
AND THEN, AND THEN WHAT PAGE IS THAT? WHICH HIGHLIGHT ON THESE? HOLD ON ONE SECOND, MS. ROGER, LET ME GO BACK.
I HAVE A PRINTED COPY THAT I'M LOOKING AT WITH HIGHLIGHTS, BECAUSE LOOKING UP AT THE, HOLD ON.
YEAH, I WAS AT THE TOP OF THAT PAGE THAT WE'RE JUST ON.
SO YOUR QUESTION WAS, MA'AM, WAIT, THERE ARE TWO QUESTIONS.
ONE, IS IT IN ANTICIPATED REVENUE FOR 26, WHICH IS 8 55 IN INCREMENT THAT WE ANTICIPATE COLLECTING? THAT'S RIGHT.
AND WHAT, WHAT PAGE IS THAT ON? THAT IS ON PAGE NINE.
AND BEING ANTICIPATED REVENUE, AND IT'S ACTUALLY RIGHT HERE.
IF YOU LOOK AT THE SCREEN, IT'S RIGHT HERE UNDER, OKAY.
SO THAT'S THE ANTICIPATED REVENUE.
AND, AND THE, UH, ANTICIPATED PROJECTS, ANTICIPATED PROJECTS, THE ONES IN THE PIPELINE ARE FOREST THEATER AND MALCOLM'S POINT, BUT AGAIN, I, I THINK THOSE WERE OTHER FUNDING SOURCES.
THOSE WEREN'T NECESSARILY TIFF FUNDS, BUT ONCE THEY'RE ON THE TAX ROLL, THE TIFF DISTRICT ACTUALLY IS A BENEFICIARY OF THOSE PROJECTS.
BUT, BUT, BUT, BUT WE WANT TO INVEST SOME MONEY INTO THEM, UH, AT LEAST SOME OF THE MONEY THAT WE DO HAVE.
IS THAT CORRECT? THEY ANTICIPATE, NOT NECESSARILY.
NO, NO, THEY'RE FUNDED ALREADY.
AND ACTUALLY, LET ME GO BACK TO THAT TABLE, BECAUSE ONE OF THE PROJECTS THAT I DIDN'T MENTION, UM, THAT WE REALIZED WE ADDED TO THIS WAS VISTA BANK, WHICH WAS A $3 MILLION INVESTMENT THAT DIDN'T GET FUNDS FROM US, THAT USED TO BE THE OLD SOCIAL SECURITY BUILDING.
SO OF COURSE, THAT'S A FEDERAL BUILDING, BUT NOW THAT THAT'S ON THE TAX ROLL, THAT'S THE INCREMENT THAT THE DISTRICT IS GONNA REALIZE.
AND THEN I'LL, YOU KNOW, I'LL SAY AGAIN, TOO, THAT WE'RE FIELDING INTEREST, YOU KNOW, PRETTY FREQUENTLY, YOU KNOW, WE HAVE, UM, FOLKS THAT, YOU KNOW, SOMETIMES COME WITH US WITH A VISION.
OF COURSE, WE, YOU KNOW, THE DUE DILIGENCE AND ALL OF THAT HAS TO HAPPEN.
YOU KNOW, YOU HAVE TO VERIFY A GAP IN ALL OF THAT.
BUT WE'RE FIELDING INTERESTS ALL THE TIME.
WE, WE AVAIL OURSELVES FOR, UH, PROJECTS OR FOLKS THAT ARE LOOKING TO COME TO THE DISTRICT.
HOW ARE YOU, UH, COMING ACROSS OR MADE, BEING MADE AWARE OF THE PROJECTS LIKE THESE LISTED, UM, WHEN THEY'RE UNDER DEVELOPMENT, WHO'S, ARE YOU RESPONSIBLE FOR KEEPING UP WITH ALL OF THAT, OR WE ARE AS A DEPARTMENT? HOW DOES, HOW DOES THE NEWS GET TO YOU? SURE.
UM, WELL, OF COURSE, YOU KNOW, WE HAVE, YOU KNOW, DOLLARS.
SO IT IS NOT LOST ON ANY, ON ANY DEVELOPER THAT'S LOOKING TO COME TO THE AREA TO, IF THEY'RE SEEKING PUBLIC
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INCENTIVES.UM, BUT TYPICALLY, YOU KNOW, WE'LL, WE'LL FIELD, YOU KNOW, DIRECTORS WILL, EXCUSE ME, DEVELOPERS WILL REACH OUT TO US DIRECTLY.
LANDOWNERS, UM, WE'VE, UH, DONE SOME CROSS-DEPARTMENTAL COLLABORATION TO HELP LANDOWNERS KIND OF VISUALIZE WHAT THEY CAN DO TO REDEVELOP THEIR PROJECT, THEIR PROPERTIES.
UH, YOU HAVE SITE SELECTION CONSULTANTS THAT REACH OUT TO THE DEPARTMENT.
UM, SOMETIMES IT COMES AT THE STATE LEVEL AS WELL.
SO WE'RE FIELDING, UH, INQUIRIES ALL THE TIME.
I WOULD SAY FOR GRAND PARK SOUTH, IT'S MOSTLY AT THE COMMUNITY LEVEL RIGHT NOW.
UM, I'M SURE YOU'RE AWARE OF THE POINT SOUTH REVITALIZATION COMMITTEE AND THERE'S A, YOU KNOW, SIGNIFICANT AMOUNT OF LANDOWNERS THAT ATTEND THOSE MEETINGS AND ARE INTERESTED BECAUSE THEY KNOW THAT, YOU KNOW, THE DEVELOPMENT IS COMING TO THE SOUTHERN SECTOR IN GENERAL.
SO WE'RE HAVING DISCUSSIONS LIKE THAT ALL THE TIME.
DID YOU INDICATE THAT YOU GUYS WERE MANAGING OR MONITORING THE LEGACY OF HOPE? WE ARE MONITORING THAT PROJECT.
WE ARE, WE HAVE, UH, UPDATES WITH THE LAND OWNER AND, UM, YOU KNOW, WE DID AN EXTENSION.
YOU ALL WERE, UH, WERE BRIEFED IN, UH, WE GOT APPROVAL AND ADMINISTRATIVE APPROVAL FOR, TO EXTEND, UM, THE MATERIAL DEADLINES WITH THE DEVELOPER.
SO WE'RE JUST WAITING ON THE DEVELOPER TO FINISH THEIR DUE DILIGENCE AND COME BACK TO US.
SO WHEN IS THAT? UH, IT'S AT THE END OF THE YEAR, SIR.
SO WE SHOULD KNOW SOMETHING SOON, WHAT SHE'S GONNA DO.
SO, YOU KNOW, FIRST TABLE, OR ACTUALLY NO, THE, THE BOTTOM TABLE WAS, UH, REFLECT THE 2006 $6, UH, WHAT THE BUDGET WOULD'VE BEEN.
YOU KNOW, THAT WAS THE PROJECTED BUDGET FOR, UM, THE PROJECT BUDGET PLAN BUDGET FOR THE DISTRICT.
THE TOP ONE IS A SIMULATION OF NET, UM, NET PRESENT VALUE DOLLARS, WHICH IS ESSENTIALLY IS, UM, GIVES YOU, YEAH, IT GIVES YOU A PICTURE OF LONG-TERM FUNDING CAPACITY FOR THE DISTRICT.
WE'D LOVE TO GET THERE, THOUGH.
WE HAVE, WHAT, 10 MORE YEARS, SO WHO KNOWS, WE MIGHT GET THERE.
SO OUR PROGRAM OF WORK, UM, CONTINUES.
UM, I THINK PROBABLY THE MOST SIGNIFICANT THING IS THE LAST BULLET WITH THE BUZZ THAT'S GOING ON IN DALLAS IN GENERAL, AND ESPECIALLY IN, IN SOUTH DALLAS WITH THE NEWLY ADOPTED SOUTH DALLAS AREA PLAN.
UM, I ANTICIPATE THAT, YOU KNOW, OVER THE YEARS AND MAYBE TWO YEARS FROM NOW, WE MIGHT BE HAVING COMPLETELY DIFFERENT, UH, DISCUSSIONS ABOUT WHAT'S HAPPENING IN SOUTH DALLAS.
I'M HOPEFUL AND I'M ENCOURAGED BY THAT.
AND THE, UH, IS IT WORTHWHILE, UH, DISCUSSING AT ALL THE EXPANSION OF THE TIFF? I WOULD SAY, IS THAT ALLOWED? I MEAN, UH, ARE YOU TALKING ABOUT EXPANDING THE BOUNDARY OR ARE YOU JUST TALKING ABOUT EXPANDING THE TERM OF WHEN IT EXPIRES? WE SEIZE THE BOUNDARY, BUT, BUT WE WOULD WANNA KNOW THERE'S DEVELOPMENT ACTIVITY TO DO THAT.
YOU'RE TALKING ABOUT THE BOUNDARY MS, MS ELL.
UM, YOU KNOW WHAT, I THINK, AS WITH OTHER DISTRICTS, IF THERE IS, UM, IF THERE ARE SERIOUS DISCUSSIONS ON THE TABLE ABOUT PROJECTS THAT CAN HAPPEN, UH, THAT WOULD ENCOMPASS EXPANDING THE BOUNDARY, ADDING MORE ACREAGE, THEN THAT MAKES SENSE.
UM, AND WE CAN DEFINITELY TALK ABOUT THAT.
BUT IF WE, I DON'T THINK WE REALLY SHOULD HAVE A FOCUS THERE UNLESS THERE'S A SIGNIFICANT PROJECT, UH, COMING ON TO JUSTIFY EXPANDING IT, IF THAT MAKES SENSE.
OF COURSE IT DOES, BECAUSE I THINK AS IT'S DRAWN, I MEAN, I THINK IT ENCOMPASSES A GOOD PORTION OF THE COMMERCIAL PROPERTIES ANYWAY, RIGHT.
SO YEAH, BUT HOPEFULLY YOU'RE, WE'RE GONNA HEAR SOMETHING ABOUT A BIG PROJECT YOU'RE LOOKING UP LIKE YOU'RE THINKING.
SO IF YOU KNOW SOMETHING, WE DUNNO, WE'LL LOOK FORWARD TO HEARING THAT.
AND WE WILL, AND, AND YOU NEVER KNOW, I MEAN, THERE, THERE, WE REALLY DON'T KNOW WHAT
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THE SOUTH DALLAS FAIR PARK AREA PLAN MIGHT PRODUCE OR MIGHT MANIFEST, IF YOU WILL.MIGHT, UH, UH, MIGHT CREATE, AND SO, YOU KNOW, BE, BECAUSE THERE ARE DESIGNATED, UH, RETAIL AREAS TO BE IMPROVED UPON IN THE SOUTH DALLAS FAIR PARK AREA PLANT MM-HMM
UH, SUCH AS SECOND, FOR EXAMPLE, SUCH AS PARTS OF EL FAY HIGGINS, FOR EXAMPLE.
UH, IN PARTICULAR THE EL FAY HIGGINS IN UH, UH, UH, IN SECOND.
AND SO I'M JUST SAYING THAT THERE, THERE WERE SOME DESIGNATED, UH, RETAIL AREAS THAT SHOULD BE FOCUSED ON, OR SHOULD I SAY, THAT SHOULD BE IMPROVED UPON.
THAT MAKES REAL GOOD SENSE, UH, TO INCENTIVIZE, UH, THE DEVELOPMENTS THAT'S, UH, BEING LOOKED UPON RIGHT NOW.
UH, I WOULD LIKE MS. RAGSDALE SAY FOCUS ON THOSE COMMERCIAL CORRIDORS, UH, BECAUSE THEY ARE BEING LOOKED UPON FOR WORK ETHICS THAT'S GOING TO TRANSITION TO COMMUNITY.
AND WE WOULD WANNA BE A PARTICIPANT.
ARE THESE, UM, AND WE CAN HAVE, WE CAN, YEAH.
WE FROM THE COMMUNITY YEAH, YEAH.
BUSINESS OWNERS AND NOT JUST, YEAH.
IT, IT, IT'S JUST FOR CONSIDERATION AT THIS TIME, NOT TO PUT IT BEHIND THIS, I MEAN, NOT TO RULE ANYTHING OUT THAT, THAT, THAT THE EXPANSION SHOULD BE CONSIDERED.
UH, AND I AGREE WITH YOU, UH, UH, IF WE KNOW THAT PEOPLE HAVE DESIGNATED INTEREST WITH SOME MONIES, 'CAUSE WE DON'T PROVIDE ALL OF THE MONIES.
I'M TALKING ABOUT THE T RIGHT.
BUT, UH, UH, HOWEVER, THOUGH, IF ONE COMES IN AND, AND FROM BARRETT TO SECOND TO LC FA HAGENS TO SAY, OKAY, I, I HAVE 3 MILLION TO DO THIS RETAIL PROJECT AND I NEED ANOTHER 500,000, WHATEVER.
SO THE QUESTION IS RAISED, WHAT HAPPENS TO THAT? UH, HOW COULD WE HELP THEM? AND SO WHAT YOU'RE INDICATING RIGHT NOW, WE COULDN'T HELP 'EM AT ALL BECAUSE THE BOUNDARIES ARE NOT THERE.
HOWEVER, WHAT I ALSO HEAR YOU SAYING, IF YOU KNOW OF PROJECTS THAT MIGHT BE COMING FORWARD, THEN, THEN THE BOUNDARIES CAN EXTEND ACCORDINGLY.
IS THAT WHAT I'M HEARING AS WELL? WE COULD DEFINITELY ENTERTAIN IT, FOR SURE.
EXPANDING THE BOUNDARY ECONOMIC DEVELOPMENT TOOLS.
AND SUE JUST REMINDED ME, YOU PROBABLY DIDN'T HEAR, BUT YOU KNOW, OFTENTIMES WE FORGET THAT THE TIFF IS JUST ONE OF THE TOOLS IN OUR TOOLKIT.
WE HAVE OTHER, UM, INCENTIVE TOOLS, BOND FUNDS, GRANTS NEGOTIATED LOANS, NEGOTIATED, UM, INCENTIVE PACKAGES.
AND I'LL JUST BORROW A PHRASE FROM KEVIN.
UM, HE SAYS ALL THE TIME WHEN FOLKS COME, 'CAUSE THEY, YOU KNOW, A LOT OF PEOPLE ARE UBER FOCUSED ON TIF DISTRICTS, AND HE'LL SAY, LET US WORRY ABOUT HOW TO FILL THE GAP THAT THIS IS A GOOD PROJECT.
SO WE HAVE OTHER INCENTIVE TOOLS AS WELL.
BUT RIGHT NOW WE'RE TALKING ABOUT TIL AND SO, RIGHT.
SO, SO THAT COULD VERY WELL BE EXPANDED POTENTIALLY MM-HMM
BECAUSE THOSE OTHER TOOLS ARE WELL CITYWIDE.
SO YEAH, SO THIS, BUT IF THERE WAS A BIG PROJECT COMING IN AND AROUND THE TIF DISTRICT, IT WOULD ONLY MAKE SENSE.
UH, YOU KNOW, AFTER IT IS, YOU KNOW, THE NUMBERS ARE RUN AND ALL OF THAT TO INCLUDE IT, BECAUSE THAT'S THE PURPOSE OF THE TIF, IS TO CAPTURE THAT INCREASED TAXABLE VALUE.
JUST FROM MY UNDERSTANDING MM-HMM
UH, IF THERE'S SOME DEVELOPMENT SITE CLOSE TO OUR FIELD MM-HMM
WE WOULD LOOK AT IT, EXPANDING IT WITH THAT DEVELOPMENT AREA ALREADY IN THERE.
NOT NECESSARILY BEFORE IT ACTUALLY BREAKS GROUND.
WE WANTED TO EXPAND, EXPAND A BOUNDARY, AND NOTHING HAPPENS, YOU KNOW? RIGHT.
I DIDN'T HEAR HIS, THE, THE QUESTION, THE QUESTION WAS I DIDN'T EITHER MM-HMM
THE QUESTION WAS, IF THE, UH, AREA OF DEVELOPMENT OUTSIDE OF OUR T UH, IF A SIGNIFICANT PROJECT COMES UP, IS IT ALREADY IN A TIFF DISTRICT? IF IT'S NOT, WE WOULD CONSIDER, AND, AND THE RESPONSE WAS, IF IT'S NOT ALREADY IN A TIFF IN THE T, WE WOULD EX, WE WOULD, UH, CONSIDER EXPANDING THE TIFF SO THAT WE COULD INCLUDE IT AND CAPTURE THAT, UH, INCREASE TAX VALUE.
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WHAT, UH, MS. RAG DID MS. RAGSDALES ORIGINAL POINT, RIGHT? LIKE WE WOULDN'T WANNA FOREGO THAT IF THERE'S A, IF THERE'S A PROJECT RIGHT OUTSIDE THE BOUNDARY, UM, YEP.SO ESPECIALLY IF IT'S SIGNIFICANT TAXABLE VALUE THAT THE DISTRICT WOULD LOSE OR NOT BE ABLE TO REALIZE, WE PROBABLY NEED TO KEEP FOCUSED ON WORK.
I, I DO WANNA SAY THIS THOUGH.
UM, UH, BECAUSE SOME THINGS MIGHT NOT BE QUOTE SIGNIFICANT, BUT THEY WILL, BUT THEY PROVIDE RETAIL SERVICES THAT ARE NEEDED.
UH, AND SOMEBODY, IT MIGHT BE COMMUNITY RETAIL OR NEIGHBORHOOD RETAIL OR NEIGHBORHOOD OFFICE.
UH, AND SO THEY'RE NOT NECESSARILY, UH, UH, IT IS NEIGHBORHOOD RELATED, SO IT MIGHT NOT BE A SIGNIFICANT IMPACT.
BUT, BUT, BUT IT'S AN IMPACT TO THE RESIDENTS WITH RESPECT TO THE SERVICES OR, OR THE NEED OR THE NEEDS.
SO I JUST WANNA MAKE SURE WE KINDA KEEP THAT, UH, KEEP THAT IN MIND AS WELL.
IT MIGHT NOT GENERATE A LOT OF MONEY, BUT IT DOES PROVIDE THE, UH, THE SERVICES THAT'S NEEDED.
WELL, LET'S HAVE AN OFFLINE DISCUSSION.
UH, MS. ELL, WE CAN TALK ABOUT IT.
'CAUSE IT SOUNDS LIKE YOU, YOU KNOW, OF SOMETHING THAT MIGHT BE GROWING.
I JUST, I DON'T KNOW OF ANYTHING RIGHT NOW, BUT I DO KNOW THAT ONE OF THE PURPOSES OF THE PLAN IS TO, UH, UH, IS TO PROMOTE SOMETHING IS TO, IS TO, UH, UH, UH, UH, LIKE, UH, RI SAID TO INCENTIVIZE.
AND SO IT, AND SO AND SO IT WILL BE COMING, THINGS WILL BE COMING ONLINE.
UH, AND I JUST WANNA MAKE SURE THAT THAT OPTION WAS, WAS OPEN TO US TO, TO, TO THE DEVELOPER.
I WON'T BORE YOU WITH THE FINANCIALS, BUT THE FINANCE, THESE ARE THE FINANCIALS THAT ARE ACTUALLY THESE, THIS IS THE ONLY THING REQUIRED BY THE, UH, STATE, UH, COMPTROLLERS.
THE TEXAS COMPTROLLER COMP, UM, TEXAS STATE COMPTROLLER ARE THE FINANCIALS.
THIS, UH, GIVES A BREAKDOWN OF INCREMENT AND, UH, THE BALANCE SHEET THAT GIVES INCREMENT TO DATE.
IT BREAKS EVERYTHING DOWN FOR YOU.
AND THEN TAKE, AND LASTLY, UH, JUST, UM, THE ONLY THING THAT'S OUTSTANDING RIGHT NOW IS LEGACY OF HOPE.
SO WE'LL KEEP YOU APPRISED OF THAT.
SO, MR. CHAIRMAN, UNLESS THERE ARE ANY QUESTIONS FROM THE QUESTIONS THAT CONCLUDES MY REPORT TOWARDS ME REPORT, I DO HAVE ONE.
IF THIS IS RELATED, WHAT ROLE DOES THE TIFF PLAY WITH RESPECT TO THE HOME REPAIR PROGRAM? IS THAT JUST SIMPLY THE TRANSFER OF THE MONEY? IS THAT WHAT I'M HEARING? IT IS, IT IS.
THE, THE PROGRAMS IN THE HOUSING DEPARTMENT WERE ALREADY ESTABLISHED AS IT RELATES TO HOME BUYER ASSISTANCE, HOME REPAIR, AND DISPLACEMENT MITIGATION.
SO PROBABLY THE MOST EFFICIENT THING, UM, TO DO WAS TO, WITH THE, THE MONIES FROM THE DEVELOPED TIFF, AND ACTUALLY WE HAVE A FEW OTHERS WHERE THERE'S SOME INCREMENT SHARING IS, WAS TO DO THAT TRANSFER AND DEPLOY THOSE DOLLARS IN THAT MANNER.
BUT THAT'S THE TIFF'S ONLY ROLE.
AND WE DO SOME MONITORING, OBVIOUSLY WE WANNA KNOW, ONCE IT GETS STARTED, WE WANNA KNOW IF IT, YOU KNOW, IF IT'S EFFECTIVE AND THINGS OF THAT NATURE.
BUT THAT'S OUR ONLY ROLE AS IT STANDS RIGHT NOW.
SO THAT THOSE FUNDS WERE NOT STIPULATED FOR SOUTH DALLAS RESIDENTS.
REMIND FOR THAT THERE WAS A MAP.
IF WE HAD A MAP, AND I CAN SHOOT THAT TO YOU AGAIN, THERE WAS A MAP, UM, THERE WAS A PREFERENCE FOR, UM, AND IT'S TIERED IN HOW THE HOUSING DEPARTMENT STAFF WAS GONNA DEPLOY IT, BUT IT DEFINITELY WAS TARGETED TO THE AREA IN WHICH IT WENT FOR THOSE DOLLARS.
AND I, I KNOW SPECIFICALLY THIS BODY WANTED THE MAJORITY OF THE FUNDS TO GO TOWARDS HOME REPAIR AS REHAB, AS OPPOSED TO HOME BUYER ASSISTANCE.
THAT WAS, THAT WAS A FORMAL CORRECT.
I GUESS I, I'LL COME DOWN SO THAT I CAN GET UPDATED ON THIS.
I WANNA MAKE SURE I FOLLOW THIS THROUGH.
ANGELA, YOU CAN SEND IT AFTER, BECAUSE THERE WAS AN IMPROVEMENT.
SHE, BUT I CAN ALSO SEND YOU THE MAP AND THE MATERIALS RELATED TO THE PROGRAM.
AND ALSO I WANNA SAY TOO, SHERI, IS THAT WE, THE SOUTH DALLAS SHERIFF PARK FAITH COALITION, UH, WITH, WITH DR. TODD ATKINS,
[00:35:01]
UH, WILL BE HOLDING MEETINGS WITH THE NEW, UH, WITH THE NEW, UH, WHAT IT SHOULD SAY, ADMINISTRATOR OF THE PROGRAM.BECAUSE WE, WE HAVE ASKED THOR ABOUT DIFFERENT WAYS TO MAKE IT MUCH BETTER, TO MAKE THE PROGRAM BETTER FOR THE RESIDENTS TO MAKE IT MORE ACCESSIBLE.
THAT THAT TOO IS, IS, IS, IS A PART OF ALL OF THIS AS WELL.
WE NEED TO TALK TO THE NEW ADMINISTRATOR.
ACCESSIBILITY IS ACCESSIBILITY AND BEING ABLE TO, UH, TO HELP THE PEOPLE, UH, UH, ACCESS TO MONEY AND, AND THAT'S, YEAH.
SO, SO ANYWAY, SO WE, WE, WE INDEED ARE SETTING UP MEETINGS.
DR. TODD ATKINS IS SETTING UP MEETINGS TO INDEED, UH, MEET WITH THE NEW ADMINISTRATOR SO THAT WE CAN MAKE THIS A MUCH BETTER PROGRAM THAN WHAT IT IS NOW.
PLEASE KEEP ME INFORMED OF THE MEETINGS.
WE DO NEED A MOTION TO ACCEPT THE ANNUAL PLAN TO BE SUBMITTED TO THE CITY COUNCIL, UH, DISTRICT OUR ANNUAL REPORT.
YOU WANNA STOP SHARING SO YOU CAN SEE EVERYBODY.
IF YOU DON'T HAVE ANY MORE QUESTIONS, WE NEED A MOTION TO ACCEPT OUR ANNUAL REPORT AS GIVEN.
COULD YOU SEND US A MOTION? I'M SO SORRY.
PLEASE EXCUSE ME, MR. CHAIRMAN, COULD YOU, COULD YOU ALSO, ANGELA, SEND ME THE, SEND ME, UH, THE, THE, THE MOTION, UH, THAT, THAT, THAT, UH, THAT WAS DONE, UH, IN PAST REGARDING HOW THE HOME REPAIR MONEY SHOULD BE DIRECTED AT CERTAIN PERCENTAGE FOR HOME REPAIR AND THEN THE HOME BUYER ASSISTANCE, ET CETERA.
THAT WAS A FORMAL MOTION, UH, UH, WITHIN THE TIF BOARD.
I'LL, I'LL SEND YOU, I'LL SEND YOU ALL THE RELATIVE INFORMATION THAT, THAT'LL BE WONDERFUL.
I'M SO SORRY, MR. SHE, I KNOW YOU'RE TRYING TO GET THAT MOTION
I, I JUST, I STILL, UH, DON'T THINK THAT WE GOT ALL THE INFORMATION THAT WE WERE CONCERNED ABOUT, BUT IT LOOKS LIKE WE'RE, SINCE WE HAVE THAT THIRD PARTY, THAT WE'RE HEADED IN THE RIGHT DIRECTION TO GET, UH, WHAT WE, WHAT OUR CONCERNS WERE BACK AT THE BEGINNING FOR THAT THIRD PARTY.
SO I THINK WE ARE MOVING IN THE RIGHT DIRECTION WITH THAT.
SO, UH, ANY OTHER QUESTIONS? I MOVE THAT WE ACCEPT THE ANNUAL REPORT AS PRESENTED.
AND COULD YOU SPELL MY NAME WITH, SPELL MY NAME WITH TWO RS.
I I NOTICED IN THE REPORT IT HAD ONE R.
IS THERE ANY UPDATE, IS THERE ANY UPDATE ON THE HOSPITAL PROJECT? ONE, ONE SECOND.
FLOWER AND WE'RE GOING TO ACCEPT, OKAY.
UH, THE ANNUAL REPORT AS IT IS WITH THE CORRECTION OF SHERRY'S NAME.
UH, DID WE DO ALL IN FAVOR AND YEAH, WE DID ALL THAT.
UM, IS THERE ANY UPDATE ON THE HOSPITAL PROJECT? IS THAT THE LEGACY FO RIGHT? GO AHEAD.
WE UM, WE HAVE THE DEVELOPER HAS UNTIL THE END OF THE YEAR, FROM WHAT WE UNDERSTAND, THEY'RE STILL GOING THROUGH THE PRE-DEVELOPMENT PROCESS, SECURING SE, SENIOR LENDING AND THINGS OF THAT NATURE.
SO WE SHOULD CALENDAR YEAR, HEAR FROM HERSELF.
END OF THE CALENDAR YEAR, CORRECT? YES.
SO WE WILL PERMIT, YEAH, THAT WAS THE DEADLINE TO GET A BUILDING PERMIT WAS THIS YEAR.
I MEAN, I'M SORRY, THE DECEMBER 31ST.
THAT WAS THE DEADLINE FOR THAT, THAT ASPECT OF IT.
SO WHEN WE MEET NEXT, WE'LL HAVE AN UPDATE.
SO WHEN WE MEET MEET NEXT TIME, WE SHOULD HAVE AN UPDATE WHERE THAT PROJECT IS.
AND WAS THAT, WAS THAT THE ORIGINAL DEADLINE OR HAS IT BEEN EXTENDED TO THE, THAT WAS THE EXTENDED DEADLINE EXTENSION THAT WE DID.
AND DO WE RECALL WHAT THE ORIGINAL WAS? IT'S 12 MONTHS, SO, UH, DECEMBER 31ST
[00:40:01]
OF 24.THE NEXT THING ON OUR AGENDA IS THE DATES FOR, UH, 2020 MEETING DATES.
MARCH THE 12TH, MAY 14TH, SEPTEMBER 17TH, AND DECEMBER 3RD OF NEXT YEAR.
UH, AND THEY ALL AT TWO O'CLOCK.
SO IF YOU'RE IN FAVOR, I NEED A MOTION AND A SECOND.
LUIS, I'LL MAKE A MOTION THAT WE ACCEPT THE DATES FOR UPCOMING MEETINGS.
WE'RE ACCEPTABLE WITH THOSE ACCEPTING THOSE DAYS.
ALRIGHT, SO DID YOU, OKAY, WE CAN CLOSE THIS OUT.
UHHUH TIME IS 2 44 AND UH, CAN WE HAVE A MOTION TO END OUR MEETING? MOTION? SO MOVE.
THANK YOU GUYS FOR YOUR PARTICIPATION TODAY.
IT'S BEEN MOVED A SECOND AND WE DONE THANK YOU.