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WE'RE SORRY ABOUT THAT.[Dallas Fort Worth Avenue TIF District Board of Directors Meeting on January 8, 2026.]
I WAS JUST TRYING TO CONFIRM THAT WE CAN SEE YOU AND HEAR YOU AND WE CAN, AND JOSE, WE CAN SEE YOU.CAN YOU TEST MIC FOR US? STILL NOT ABLE TO HEAR YOU, JOSE.
WE CAN SEE YOU THOUGH, BUT I THINK WE CAN GET STARTED AS WE, WE DO HAVE MORE.
WHAT ABOUT NOW? WE CAN HEAR YOU NOW.
WE STARTED RECORDING AND I AM GOING TO HAND OFF, UH, BRIAN, WHO'S OUR VICE CHAIR TO LEAD WE'LL, WE'LL DO IT TOGETHER.
UM, ALL THE MEETING OVER AT, UH, 2 0 5.
UM, WE DO AN INTRODUC TO THE PARTICIPANTS.
SO BRIAN
I'M THE OFFICE OF ECONOMIC DEVELOPMENT AND WE CAN START WITH THE BOARD MEMBERS ONLINE.
JESSICA LYNN SEPULVEDA, UM, APPOINTEE, UM, ATTORNEY DALLAS, TEXAS, AND WE CAN MOVE TO DEVIN.
I OWN DLM ON, UH, IN OAK CLIFF, TYLER AND DAVIS.
JOSE RIVERA, UM, DALLAS, TEXAS.
AND I THINK THE LAST BOARD, BOARD MEMBER ONLINE.
UH, AND MY GRANDMOTHER WOULD BE VERY PROUD OF HOW YOU SAID MY NAME CORRECTLY.
I LIVE IN THE DISTRICT, AND, UM, I'M IN REAL ESTATE DEVELOPMENT AND INVESTMENT.
AND THEN I THINK THE LAST, REMEMBER ONLINE IS ALTA.
AND I LITERALLY JUST GOT MY SOUND, SO I'M GLAD THAT I DIDN'T MISS AND Y'ALL WERE TALKING TO ME AND I DIDN'T KNOW IT.
UM, HI, I'M ALTA MANCH AND I LIVE IN WEST DALLAS.
I'M NOT SURE WHAT ELSE WE'RE SHARING.
UM,
I HAD ANOTHER MEETING THAT I JUST RAN OVER.
AND THEN I'LL MOVE TO THE TWO ECONOMIC DEVELOPMENT STAFF.
PEOPLE ONLINE WILL START WITH TAMARA TAMARA'S.
UH, MIC MIGHT NOT RECORDING, BUT SHE'S AN OUR ASSISTANT DIRECTOR OVER REAL ESTATE CATALYTIC DEVELOPMENT.
I'LL GO AHEAD AND MOVE TO, GO AHEAD.
CAN WE HEAR YOU OR NO? THAT'S FINE.
I'M ALSO IN THE OFFICE OF ECONOMIC CATALYTIC, UH, DIVISION.
AND I AM ALSO, UH, LIKE TAMARA JUST SITTING IN AND WANTING TO OBSERVE.
AND I THINK WE HAD ONE MORE PERSON ON LINE.
BELIEVE IT IS, UH, FROM THE PUBLIC.
CHELSEA, DO YOU WANNA INTRODUCE YOURSELF? SHE MIGHT JUST ALSO BE LISTENING IN.
I THINK WE'RE GOOD WITH, UH, INTRODUCTIONS.
UM, Y'ALL AWARE OF ANY PUBLIC COMMENTS PERTAINING THAT? UM, LET'S SEE.
I'M SORRY, MY MICROPHONE ISN'T WORKING.
IT LOOKS LIKE CHELSEA'S THE ONLY PUBLIC JOINED.
CHELSEA, DO YOU HAVE ANY COMMENTS? I THINK SHE SAID HER MIC WASN'T WORKING.
CAN WE UNMUTE HER? LET ME SEE.
ARE YOU, YOU'RE NOT ABLE TO UNMUTE HER ON YOUR END.
UH, NUMBER THREE, JUST TO REVIEW, UM,
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THE, UH, MEETING RECORD FROM DECEMBER 3RD, 2024.AND THAT WAS INCLUDED IN YOUR PACKET OF MATERIALS OUT.
AND THAT YOU ALSO HAVE BEEN IN PERSON HALF IN FRONT OF YOU.
UM, DON'T HAVE ANY TIME BEFORE WE
UM, IS THERE A MOTION TO APPROVE? I MOVE TO APPROVE THE, SORRY.
THE, UH, THE, OF THE DECEMBER.
THANK YOU ALL ALL IN FAVOR? AYE.
WE DON'T NEED TO GIVE LIKE A ROLL CALL NOTE OR ANYTHING.
SO YOU CAN SEE BEFORE IT'S FINE.
'CAUSE WE DEFINITELY DIDN'T HEAR ANYONE.
LET ME SEE IF WE CAN GET THE, IF YOU CAN POP THIS OUT AND MAYBE GET LIKE, HANDS RAISED.
I HAVE NOT SO WAY ON TOP THAT.
NO, YOU CAN HIDE FOR DISTANCE WITHOUT VIDEO, VIDEO, THAT LAYOUT OPTION.
BUT THEN MAYBE WE WANT THE LAYOUT TO BE THE STACK BECAUSE IT WAS SHOWING US MORE.
AND SO WE SEE, I THINK, I THINK WE SEE ALL BOARD MEMBERS.
IF YOU CAN RAISE YOUR HAND IF YOU'RE ONLINE MM-HMM
UH, BASIS NUMBER FOUR ON THE AGENDA REVIEW CONSIDERATION, DISTRICT ANNUAL REPORT FOR FISCAL WILL YEAR 20, 20 25.
THIS IS WHERE I WILL TAKE OVER FOR A BIT AND WALK US THROUGH THE ANNUAL REPORT FOR THIS LAST FISCAL YEAR, UM, BEING FISCAL YEAR 2024 AND 28, 25.
UM, I SHARED THIS WITH YOU ALL A FEW DAYS AGO.
UM, HOPEFULLY YOU HAD ENOUGH TIME TO REVIEW IT.
I'M GONNA WALK THROUGH IT, UM, AS THOROUGHLY AS I CAN.
BUT ALSO IN THE ESSENCE OF TIME, I'M GONNA JUST HIGHLIGHT A FEW THINGS.
IF YOU HAVE ANY QUESTIONS AS WE'RE GOING THROUGH IT, UM, FEEL FREE TO INTERRUPT ME.
UM, BUT WE ALSO WILL HAVE, UM, TIME FOR QUESTIONS, UM, AT THE END.
SO AGAIN, I'M JUST GONNA HIGHLIGHT, UM, A FEW THINGS.
UM, AND, UH, TOUCH ON, UM, SOME OF THE MAIN UPDATES THAT WERE MADE, UM, TO THE REPORT.
UM, JUST, UH, SO YOU KNOW THIS, THE ANNUAL REPORT WOULD GO TO COUNCIL IN FEBRUARY, SO HERE IN A FEW WEEKS.
UM, IT STILL NEEDS TO BE REVIEWED BY THE CITY ATTORNEY'S OFFICE.
UM, THAT'S A, A STOCK THAT WE HAVE, UM, AFTER, UM, TODAY'S MEETING.
UM, AND IF ANY MOTION THAT IS MADE TODAY, UM, IS SUBJECT TO SOME MINOR MODIFICATIONS BEFORE IT GOES TO CITY COUNCIL, UM, YOU WILL GET, UH, A, A COPY OF, UH, THE ANNUAL REPORT ON HERE IN THE NEXT, UM, FEW WEEKS.
AND WE'LL KEEP YOU AT UP TO DATE WITH THAT.
UM, BUT, UM, AS OF NOW, THE ANNUAL REPORT IS IN PRETTY, UH, GOOD SHAPE.
UM, SO MOST OF THE EDITS, IF THERE IF ANY, WON'T BE SUBSTANTIAL.
UM, BUT AGAIN, WE WILL KEEP YOU UPDATED.
UH, THE TIF DISTRICT, I KNOW YOU ALL, UM, I AM NEWER, UM, TO THE DISTRICT, TIF DISTRICT, ALL ARE THE EXPERTS.
UM, SOME OF YOU ALL HAVE BEEN AROUND FOR, UH, A GOOD WHILE AS BOARD MEMBERS AND REALLY KNOW THE AREA.
UM, JUST AS A REMINDER, THE TIF DISTRICT, UH, THE FORT WORTH AVENUE TIF DISTRICT IS SET TO EXPIRE, UM, IN 2029.
SO WE HAVE A FEW YEARS TO CONTINUE TO PROMOTE INVESTMENT AND ECONOMIC DEVELOPMENT, UM, IN THIS DISTRICT.
AND I'M REALLY EXCITED TO WORK ALONGSIDE OF YOU ALL, UM, TO DO THAT.
UH, CURRENTLY THE CITY'S PARTICIPATION RATE, UM, IS AT 70% AND THE COUNTY'S PARTICIPATION RATE IS AT 50%.
WHAT DOES, I'M SORRY, WHAT DOES THAT MEAN?
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WHAT IS THE PARTICIPATION RATE? IT'S WHAT THE CITY IS CONTRIBUTING TO, UM, IN TERMS OF TAXES TO THE DISTRICT.SO 70% OF WHAT? OF THE PROPERTY TAX YES.
AND THE CITIES CONTRIBUTE 70% ANNUALLY AND THE COUNTY CONTRIBUTES 55% ANNUALLY.
AND THAT'S WHAT MAKES UP THE INCREMENTS, UH, THAT GOES INTO THE TIF FUND.
SO THE CITY'S KEEPING 30, THE COUNT IS KEEPING 45 AND THE BALANCE IS GOING INTO OUR TIF.
NOW WE'RE GONNA GET INTO, UM, THE ACTUAL ANNUAL REPORT, AND I'LL FOLLOW ALONG KIND OF PAGE, UM, BY PAGE.
UM, SO, UM, ON THE COVER PAGE, UM, YOU SEE THE SPROUTS FARMER'S MARKET PROJECT, UM, OR THE FRA THE SPROUTS FARMER'S MARKET, UM, GROCERY STORE THAT IS AT THE VISTA HAS FOR STEVEN RETAIL REDEVELOPMENT PROJECT.
THIS IS THE MOST RECENT PROJECT, BUT THEN IT'S A DISTRICT THAT HAS RECEIVED TO FUNDING.
UM, THE PROJECT IS ONCE APPROVED IN FISCAL YEAR 2324.
UM, IT'S STILL UNDER CONSTRUCTION.
UM, IT'S EXPECTED FOR ALL COMPONENTS TO BE COMPLETE BY THE END OF THE, THIS YEAR, FIFTH OR TO BE QUARTER TWO.
UM, AS OF RIGHT NOW, MS. SPROUTS HAS OPENED, IT OPENED IN JUNE, 2025.
UM, AND THE MULTI-TENANT BUILDING THAT IS AN OUT PARCEL BUILDING, UM, IS, UM, OPEN AND IT FEATURES THAT NOTHING BUT CAKES AS ONE OF THE TENANTS.
THE NEXT PAGE IS A MAP OF THE TIF DISTRICT.
UH, THE PREVIOUS ANNUAL REPORT SHOWED, UH, THE ORIGINAL BOUNDARY OF THE TIF DISTRICT.
UM, AND ALSO, UM, THE NEW BOUNDARY THAT WAS ADDED, OR THE NEW AREA THAT WAS ADDED IN 2023.
SO WE KIND OF, WE, WE CONSOLIDATED THAT AND PUT THAT ALL IN ONE MAP.
AND THAT'S AN UPDATED MAP THAT'S ON, UM, PAGE TWO OF THE ANNUAL REPORT.
THE NEXT, UM, FEW PAGES, UH, COVER WHAT IS THE MISSION STATEMENT.
UM, SOME OF THE MAIN SIGNIFICANT ACCOMPLISHMENTS WITHIN THE TIP, UM, DISTRICT, THE MISSION STATEMENT, UM, DOESN'T CHANGE.
UH, SO THAT, YOU KNOW, REMAINS THE SAME FROM PREVIOUS ANNUAL REPORTS.
UM, AND, UM, THE DISTRICT ACCOMPLISHMENTS, UM, TALK ABOUT SOME OF THE PROJECTS WE'VE ALREADY, UM, COMPLETED AND THE FIFTH DISTRICT.
UM, BUT THE MAIN UPDATES THAT HAPPENED THERE WERE, UM, THE ONES RELATED TO THE VISTA AT CUSTER STEVENS PROJECT.
AND I WALKED US THROUGH JUST KIND OF WHERE WE ARE WITH THAT PROJECT AND WHEN WE ANTICIPATE FOR IT TO BE COMPLETE.
THE NEXT PAGES, WHICH IS PAGES FIVE AND SIX, UM, THIS CHART COVERS, UM, SIGNIFICANT DEVELOPMENT PROJECTS WITHIN THE TIFF DISTRICT.
UM, AND WE GROUP THEM IN KIND OF TWO LISTS.
THE FIRST LIST BEING PROJECTS THAT RECEIVED, UM, TIF FUNDING.
UM, AND YOU CAN SEE THE LIST OF THOSE PROJECTS, UM, THERE.
AND THEN ALSO WE GROUP IT, UM, A LIST OR THE OTHER LIST, UM, SET OF PROJECTS OR PROJECTS THAT HAVE NOT RECEIVED TIF FUNDING, BUT WE CONSIDER THEM TO BE SIGNIFICANT, UM, IN TERMS OF, UM, YOU KNOW, DEVELOPMENT REDEVELOPMENT, UM, IN, IN THE TIF DISTRICT, THIS CHART.
UM, AND YOU KNOW, AS I MENTIONED BEFORE, YOU ALL ARE THE, UM, YOU KNOW, THE EYES AND EARS ON THE GROUND FOR US.
SO, UM, SOME OF YOU MENTIONED THAT YOU LIVE IN THE TIF DISTRICT, HAVE BUSINESSES IN THE
UM, SO IF THERE'S ANYTHING THAT SEEMS OFF IN THE CHART OR YOU HAVE QUESTIONS, PLEASE LET ME KNOW.
UH, BUT WE DO UPDATE THIS CHART ANNUALLY TO REFLECT THE CURRENT DAC VALUES.
UM, AND SO THAT CHANGES, UM, YEAR TO YEAR.
AND IF YOU SCROLL TO THE END OF THE CHART, WHICH IS ON PAGE EIGHT, UM, YOU KNOW, WE, WE KIND OF LOOK AT IT AS A WHOLE AND WE LIKE TO, YOU KNOW, WE, WE CAN SAY THAT THE TIF DISTRICT HAS, UM, PUT FORTH AROUND 16 MILLION IN PROJECTS OR IN FUNDING FOR, FOR, UM, PROJECTS.
AND, UM, YOU KNOW, WE LIKE TO SAY THAT THAT, YOU KNOW, HAS LEVERAGED AROUND $96.1 MILLION OF PRIVATE INVESTMENT, UM, OVER THAT FIFTH FUNDING OR OVER THAT FUNDING.
AND, UH, $16 MILLION THAT WAS PUT IN BY THE TIF.
HOW MUCH MONEY IS IN THE TIF RIGHT NOW? UM, IN TERMS OF LIKE TOTALITY OR ASKING LIKE WHAT WE MIGHT HAVE ON HAND FOR LIKE PROJECTS? YEAH, LET'S SAY EVERY PROJECT COME TO THAT, WE'LL GO THROUGH AND
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WE'LL COME TO THAT.YEAH, I DO HAVE A NOTE, UM, HERE LATER THAT TALK ABOUT, KIND TO GIVE YOU KIND OF WHERE WE'RE AT IN TERMS OF LIKE CASH ON HAND PROJECTS.
THE NEXT, UH, THING I WANNA COVER IS ON PAGE NINE.
UM, THIS IS A MIXED INCOME HOUSING SUMMARY.
UM, AFFORDABLE HOUSING IS ONE OF THE KEY COMPONENTS OF THE TIF DISTRICT AND, AND, UM, MANY OF OUR TIF DISTRICTS, UM, I'D LIKE TO HIGHLIGHT, UM, I KNOW YOU ALL ARE FAMILIAR WITH THEM, BUT JUST WANNA HIGHLIGHT, UM, TWO PROJECTS THAT DID RECEIVE TIF FUNDING, THAT HAD AFFORDABILITY, UM, IN THE MIX, OR HAD AN AFFORDABILITY COMPONENT, WHICH IS THE SYL BIN 30 PROJECT.
AND THEN THE ALSO OSA, FORMERLY KNOWN AS DIAZ AT WESTERN HEIGHTS.
SO BOTH OF THOSE PROJECTS IN TOTAL BOUGHT, UM, 3,331 UNITS, UM, FOR RESIDENTIAL UNITS TO THE FIFTH DISTRICTS.
AND OUT OF THAT THREE HUNDRED THIRTY ONE A HUNDRED FORTY FOUR OF THOSE UNITS ARE AFFORDABLE.
UM, SO THAT, THAT, THAT SHEDS, UM, A LITTLE BIT MORE ON THE PROJECTS THAT HAVE RECEIVED THE FUNDING THAT, UM, HAVE AN AFFORDABILITY COMPONENT.
UM, BUT I ALSO WANNA HIGHLIGHT, UM, TWO PROJECTS THAT ARE OUT THAT HAVE NOT RECEIVED STEP FUNDING, THAT THEY'RE ACTUALLY DALLAS PUBLIC FACILITY CORPORATION PROJECTS.
THEY'RE MULTI-FAMILY PROJECTS, ONE CALLED CO-OP SINGLETON, AND WE'LL CALL THE CARE LINE.
THEY'RE CURRENTLY UNDER CONSTRUCTION.
UM, AND WE ANTICIPATE THAT THEY WOULD ADD AN ADDITIONAL 239 AFFORDABLE UNITS TO THE FIFTH DISTRICT WITHOUT THE USE, UM, OF T FUNDING.
ON PAGE NINE, WE CONTINUE ON THE SAME PAGE.
THIS IS A NEWER SECTION TO THE ANNUAL REPORT.
THE FIRST TIME THIS SECTION WAS ON THE ANNUAL REPORT WAS LAST YEAR, BUT THIS COVERS, UM, HOMEOWNER STABILIZATION, HOME REPAIR AND DISPLACEMENT MITIGATION.
AND, UM, AT THE END OF THIS FISCAL YEAR, A TOTAL OF AROUND 1.4 MILLION HAS BEEN TRANSFERRED FROM THE FORT WORTH AVENUE TIF DISTRICT TO THE CITY'S, UM, OFFICE OF HOUSING AND COMMUNITY EMPOWERMENT TO BE ABLE TO PUT FORTH PROGRAMS THAT ARE RELATED TO HOMEOWNER STABILIZATION HOME REPAIR.
UM, THIS YEAR, UH, THE FIRST TRANSFER OF THE, OF FUNDS FROM THE 10TH DISTRICT HAPPENED LAST YEAR.
THIS IS THE SECOND YEAR OF TRANSFER, IF I JUST GAVE YOU THE TOTAL, UH, FOR BOTH YEARS, 1 4, 1 0.4, UH, MILLION.
BUT THIS YEAR AROUND, UM, OR FIVE HUNDRED AND FORTY FIVE, SEVEN HUNDRED AND FOURTEEN WAS TRANSFERRED, UM, FROM THE 10TH DISTRICT, UM, TO THE CITY'S HOUSING DEPARTMENT TO PUT FORTH THESE PROGRAMS. UM, AND WHERE WE STAND, UM, THE CITY'S HOUSING DEPARTMENT, UM, IS IN THE, UM, YOU KNOW, WE HAD ANTICIPATED AT THE END OF, UM, LAST YEAR OR LIKE 2025, UM, THE LAST TWO MONTHS THAT THEY, THEY WOULD BRING FORTH, UM, TO CITY COUNCIL, UM, A REQUEST FOR AUTHORIZATION FOR A VENDOR TO ADMINISTER A HOME IMPROVEMENT PROGRAM.
UM, AND THEN EARLY THIS YEAR, UM, APPROACH CITY COUNCIL FOR AUTHORIZATION, UM, FOR A VENDOR TO ADMINISTER A WHOLE BUYER ASSISTANCE PROGRAM.
SO THE, THE, THE CITY'S HOUSING DEPARTMENT IS, UM, IN THE WORKS OF, UM, DEPLOYING SOME OF THOSE FUNDS.
UM, AND THAT'S WHERE WE STAND WITH THAT.
UM, FUNDING THE NEXT, UH, PAGES, PAGES 10 THROUGH FIVE FOCUS ON DISTRICT INITIATIVES.
UM, SOME OF THIS, UH, HAS REMAINED THE SAME FROM LAST YEAR.
THAT REALLY JUST COVERS, UM, SOME OF THE PROJECTS OR DISTRICT INITIATIVES.
UM, SO SOME OF THESE PARTS HAVEN'T CHANGED MUCH, BUT I WANT TO HIGHLIGHT, UM, SOME THINGS THAT DID CHANGE OR SOME UPDATES THAT WE DID MAKE, UM, TO THIS OR THE UPDATES THAT WE HAD.
UM, SO ONE BEING THAT, UM, A PROJECT, UM, THE DISTRICT INITIATIVE PROJECT, UH, THAT'S CALLED THE COLLECTIVE, UM, WHICH INCLUDED BICYCLE AND PEDESTRIAN IMPROVEMENTS AS YOU RECALL, UH, YOU KNOW, ALONG FORT WORTH AVENUE, COLORADO BOULEVARD, CLEMENT AND BAHAMA DRIVE THIS PROJECT WITHIN IN TWO PHASES.
UM, YOU KNOW, PHASE ONE WAS COMPLETED A FEW YEARS AGO, BUT AT, UM, AT THE END OF FISCAL YEAR 2024 AND 2025, WE HAVE NOW COMPLETED PHASE, UM, TWO OF, UM, OF THAT PROJECT.
SO THAT PROJECT IS, UM, COMPLETE AND YOU'LL NOTE THAT, UM, IN THIS ANNUAL REPORT.
UM, AND THEN ANOTHER INITIATIVE THAT WE HAD, UM, IN THE TIF DISTRICT, UM, WAS, UM, UH, THAT WENT TO CITY COUNCIL IN SEPTEMBER, WAS AN AMENDMENT TO THE DEVELOPMENT AGREEMENT FOR THE PROJECT KNOWN AS
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AT, UM, WESTERN HEIGHTS.AND THIS, THIS, UM, INFORMATION OR THIS SECTION IS PRESENTED KIND OF IN A DESCRIPTIVE FORMAT, BUT THEN ALSO IN THE CHART, UM, WHICH ENDS ON PAGE 15.
NOW, I'M GONNA MOVE TO PAGE ON PAGE 15, UM, AND COVER THE DISTRICT WIDE SET ASIDE FUNDS.
UM, SO OF ALL THE INCREMENT THAT GETS, UH, THAT GET COMES IN, 20% OF IT GETS MOVED OR MOVED TO DISTRICT WIDE SET ASIDE FUNDS.
UM, AND THESE ARE FUNDS THAT WE, YOU KNOW, THAT THE TIFF CAN USED, UM, FOR NON-PROJECT SPECIFIC, UM, DISTRICT WIDE TRAILS, OPEN SPACE TYPE OF PROJECTS.
AND SO APPROXIMATELY AS OF TODAY, UM, AROUND 4.4 MILLION HAS BEEN SET ASIDE FOR DISTRICTWIDE, UM, PROJECTS OR FOR THE DISTRICT WIDE SET ASIDE FUND.
UM, OF THAT 4.4 MILLION, UM, 824 AND $63 WAS USED, UM, FOR THE COLLECTIVE PROJECT, WHICH GIVES US A, A CURRENT BALANCE OR APPROXIMATE BALANCE OF DISTRICTWIDE SET ASIDE FUNDS AT, UM, AROUND 3.6 MILLION.
UM, AND I KNOW I'M SUMMARIZING THE NUMBERS, BUT, UM, THE ANNUAL REPORT HAS, UM, EXECS, UM, AS YOU NEED THEM.
AND SO WHAT I'LL, UM, END WITH HERE ON THE DISTRICT WIDE, UM, SET ASIDE FUNDS, YOU KNOW, I MENTIONED THAT WE ARE NEARING THE, UM, EXPIRATION OF THIS DISTRICT TIP DISTRICT IN 2029.
UM, AND, UM, OVER THE NEXT, UM, YEAR OR TWO, WE'LL HAVE MORE DISCUSSION.
UM, THE TIP BOARD, WE'LL HAVE MORE DISCUSSION AND DIALOGUE ON, UM, IDEAS, UM, FOR PROJECTS THAT WE COULD POSSIBLY USE OR PUT TOWARDS, UM, UH, USE THE DISTRICT WIDE SET ASIDE FUNDS.
SO THERE'LL BE MORE TO COME ON.
AND WE'RE STILL ON PAGE 15 AND QUESTION, WOULD THOSE BE, UM, YOU, WHEN WE BROUGHT IDEAS BEFORE, SHOULD GROUP, LIKE THOSE CAN COME FROM THE SET ASIDE FUNDS? LIKE IF I'M LIKE, HEY, I LIVE IN THIS NEIGHBORHOOD, I WOULD LIKE TO IMPROVE THIS, WE'VE GOT $3.6 MILLION, CAN WE USE THAT MONEY FOR THIS? I THINK AS LONG AS THE, SO YOU KNOW WHAT, WE'RE OPEN TO IDEAS AND WHAT WE DO IS WE REVIEW THEM AGAINST THE TIF PROJECT PLAN, UM, RIGHT.
AND SO I KNOW WE DO HAVE AN EXISTING LIST, AND I BELIEVE THE PREVIOUS MANAGER OVER THE, UM, BOARD OR, OR OVER THE TIP DISTRICT, UM,
AND SO I STILL HAVE THAT LIST.
UM, AND AS WE MOVE FORWARD AND KIND OF HAVING MORE DETAILED CONVERSATIONS ON THE DISTRICT WIDE SET ASIDE, UM, KIND OF FUN IDEAS, I HAVE THAT LIST TO SEE IF THERE'S ANYTHING THAT WE COULD POSSIBLY PULL FROM THERE, UM, AND KIND OF KEEP RUNNING WITH IT.
SO YEAH, IT WAS LIKE THE YEAR AGO, A FEW OF US CAME OVER WITH THAT LIST.
THAT WAS A ONE BRAINSTORMING EVENT.
LIKE, I'D LIKE TO, I THINK THERE FEW TIMES WE DO MORE OF THAT AND, AND TAKE THE NEXT STEP OF IT, SO.
SO AT LEAST FOR NOW, LIKE IT'S NOT ON THE AGENDA, SO WE CAN'T REALLY TALK SPECIFICALLY INTO IT, BUT JUST KNOW THAT THAT'S ON MY RADAR.
THE COLLECTIVE AGENDA, I GUESS IT'S CALLED.
UM, JUST LIKE A CONTINUING PROJECT EVERY YEAR THAT HAS FUNDING NEEDS.
AND THAT'S WHY WE'VE SET ASIDE 20% OF THE, UM, NOT THIS PROJECT, BUT THIS IS, UM, THE COLLECTIVE PROJECT RECEIVED.
YEAH, THE COLLECTIVE PROJECT RECEIVED SOME SET ASIDE FUNDS, BUT IT IS WHAT THE FUNDS THAT HAVE BEEN SET ASIDE FOR THAT ARE ALREADY THERE.
SO WHAT'S THE, WHAT'S OR LIKE, YEAH, SO IT'S, THAT PROJECT IS NO LONGER GOING TO, AT LEAST FOR WHAT WE SEE, IT WON'T ASK FOR MORE, UM, SET ASIDE FUNDS, WHATEVER IT WAS ALLOCATED FOR, IT HAS BEEN.
I AT LEAST ANOTHER QUESTION THERE.
THE SET, THE TIFF, DISTRICT Y SET ASIDE, I JUST SAID THIS, WHY IS IT BEING SET ASIDE AND WHAT IS IT SET ASIDE FOR? SO CAN I CHANCE? SO WHEN FIFTH DISTRICT SET UP, IT WAS SET UP, UH, NOT SET DURING THAT TIME, THE MAIN INTENT IS TO READ ABOUT THE AREA, PROMOTE WALKABILITY AND CONNECTIVITY.
AND WHAT HAPPENS IS WHEN THE DEVELOPER COMES IN, THEN THEY COME IN, WE HAVE A DESIGN GUIDELINES, WE, WE ASK
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THEM TO PARTICIPATE, UH, LOOK AT THE DESIGN GUIDELINES AND PROVIDE THEM WIDER SIDEWALKS AND WHICH ENCOURAGE THE WALKABILITY.HOWEVER, THESE MIGHT BE FOUR OR FIVE OUT OF THIS ENTIRE DISTRICT.
REST OF THE DISTRICT MAY NOT HAVE THE SAME THING WHERE THERE IS A WIDER SIDEWALKS ARE IMPROVEMENTS.
FOR THAT REASON, WE STARTED, UH, SETTING ASIDE AS THE DISTRICT WAS CREATED IN 20%, OR EVEN FOR THIS, BECAUSE IT USED TO BE 10% BEFORE NOW WE BECAME 20% THAT THOSE FUNDS ARE MAINLY TO, UH, HAVE A DISCUSSION WITH THE TIP BOARD AND SEE WHAT COULD BE DONE TO READ OUT THE AREA IN TERMS OF POPULARITY PROVIDING THE CONNECTIVITY WITHIN THE DISTRICT.
SO BASED ON THE PROJECT PLAN THAT, UM, DY TALKED ABOUT BEFORE, SO THIS IS SOMETHING YOU WILL BE, WE WILL BE HAVING SOME MEETINGS WITH YOU SO THAT YOU CAN LOOK AT THE PROJECT PLAN AND WHAT YOU WOULD LIKE TO DO IN THE NEXT COUPLE OF YEARS BEFORE THE DISTRICT SUNSETS.
SO SET ASIDE IS NOT PROBABLY A PARTICULAR PROJECT, IT'S FOR YOU SAID THIS IS JUST READ THIS TO SINK IN, SO YEAH, NO, NO.
DEVELOPERS ARE GONNA COME IN HERE AND SAY, I'VE GOT A GREAT IDEA, LET'S MAKE ALL THE SIDEWALKS BRIGHTER.
AND THERE'S WHAT, FOUR 3.6 MILLION.
WE'LL, WE'RE STILL ON PAGE, UM, 15.
UM, AND THIS IS, UH, THE MAIN PIECE TO THE ANNUAL REPORT.
UM, THIS SECTION COVERS, UM, THE VALUES AND THE INCREMENT BEING GENERATED.
UM, THE 2025 ASSESSED VALUE, UH, FOR THE DISTRICT WAS JUST OVER $1.474 BILLION.
UM, THIS WAS A SMALL INCREASE FROM LAST YEAR'S, UM, VALUE, UH, THE INCREASE WAS JUST UNDER A 1%.
UM, AND THE ESTIMATED TO BE COLLECTED INCREMENT, UM, FOR FISCAL YEAR 2025 AND 2026 IS AROUND 5.5 MILLION.
THE NEXT, UM, PART WHICH FOCUS ON PAGE 16 AND 18 COVER HOW WE ARE MEETING THE GOALS AND OBJECTIVES OF THE FIFTH DISTRICT.
WE MENTIONED THAT PROJECT PLAN OR THE TIF DISTRICT PLAN, UM, EARLIER.
I'M NOT GONNA GO THROUGH, UM, EACH ONE OF THESE INDIVIDUALLY, UM, BUT I WILL SHARE THAT, UM, WE ARE, UH, MAKING STEADY PROGRESS, UM, TOWARDS, UM, OUR GOALS.
UM, BUT IF YOU HAVE, UM, IF YOU'VE REVIEWED IT AND HAVE ANY QUESTIONS ABOUT IT, FEEL FREE TO ASK THEM NOW OR WE CAN GET TO THEM.
UM, AT THE END OF, UM, MY WALKTHROUGH, I'M, THIS MIGHT BE THE PLACE FOR MY QUESTION AND IF NOT, I CAN'T WAIT TILL THE END.
BUT, UM, THAT CORNER, OH, I GUESS, I GUESS THE BROAD QUESTION IS WHERE WOULD BE THE APPROPRIATE, UH, TIME, PLACE OR PROCESS TO CONNECT PRIVATE OWNERS TO THE BOARD FOR RECOMMENDATION FOR FUNDING TO MEET OUR GOALS AND MISSION? SO IF YOU HAVE A DOLLAR WHO'S INTERESTED IN ONE OF THE PARCEL, YOU CAN ALWAYS SEND IT TO US.
THEN WE WILL HAVE A DISCUSSION.
UH, NATALIE AND I TYPICALLY HAVE A MEETING WITH THEM, TRY TO UNDERSTAND WHAT ARE THEY DOING, WHAT ARE THEY PROPOSING.
SO AT LEAST FROM THE, FOR THE LAST ONE YEAR, I CAN SAY THAT WE HAD
POSSIBLY, IF YOU'RE SPEAKING, WE CAN'T HEAR YOU.
UM, CAN YOU HEAR ME OKAY? I COULD HEAR HER JUST FINE.
WELL THEN I, I COULDN'T HEAR HER.
UH, WE ALWAYS ENCOURAGE THE DEVELOPERS TO COME IN AND TALK TO US.
WHAT ARE THEY PROPOSING AND DOES IT FIT THE PROJECT PLAN OR NOT? ONCE WE KNOW, THEN WE, WE'LL PROVIDE THEM WITH THE INCENTIVE APPLICATION, ENCOURAGE THEM TO SUBMIT, AND THEN IT, IT'LL GO THROUGH THE UNDERWRITER'S REVIEW AND EVERYTHING.
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BUT IF YOU KNOW ANY DEVELOPER WHO WOULD LIKE TO DO A PROJECT IN THE DIF DISTRICT, PLEASE SEND THEM TO OUR WAY.THEN WE WILL TALK TO THEM AND MAKE SURE THEY UNDERSTAND WHAT'S THE GOAL OF THE DISTRICT AND ALSO HOW DO WE CONNECT THEM.
DOES THAT ANSWER YOUR QUESTION? YEAH, THAT IS, SO I'LL JUST, I'LL CONNECT, UM, BECAUSE I HAVE ON MY LIST TO REACH OUT TO SUZANNE GRANDE, SHE'S THE OWNER.
AND IF YOU GUYS ALREADY HAVE JUST STOP ME, BUT SHE'S THE OWNER AND DEVELOPING THE HARD CORNER ACROSS FROM SYLVAN 30, THAT 7 39 FORT WORTH WITH THE RESTAURANT.
HAVE Y'ALL BEEN IN CONTACT WITH HER YET? SO, UH, DID THE PROJECT ALREADY STARTED, DID THEY ALREADY BREAK THE GROUND? THE GROUNDWORK? THE GROUNDWORK, YEAH.
IF THEY HAVE ALREADY STARTED, THEN THEY'RE NOT ELIGIBLE.
TYPICALLY SEND US THE DETAILS AND WE CAN AT LEAST LOOK AT IT.
BUT TYPICALLY THE WAY IT WORKS IS, BUT FOR CLAUSE, WITHOUT THE INCENTIVES FROM THE CITY THAT THESE PROJECTS CANNOT TAKE PLACE, THAT'S THE MAIN REASON FOR THE, AS FOR THE TIFF INCENTIVES.
SO IF THEY HAVE ALREADY GOT THEIR PARTNERS, AND YEAH.
WELL, AND THAT'S KIND OF WHY I WAS THINKING ABOUT HER BECAUSE SHE'S, SHE'S BEEN TRYING SINCE 2017 TO GET THIS DEAL GOING.
AND, UM, SHE DID GET THE GROUNDWORK DONE, BUT IT SEEMS TO BE SLOWING DOWN, AND WE JUST WANNA MAKE SURE THAT IF WE HAVE BALANCE, LIKE WE'VE BEEN WAITING ON THIS CORNER FOR A LONG TIME.
SO I'LL REACH OUT TO HER AND THEN CONNECT WITH Y'ALL.
UM, WHAT LATITUDE DO WE HAVE TO TALK ABOUT WHAT WE'RE TALKING ABOUT IN DISTRICT TO DEVELOPERS? AND LIKE, DOES THAT STOP WHEN THERE'S ACTUALLY HEARING? I, I, I SERVED ON THE BOARD OF ADJUSTMENT FOR A WHILE, AND THAT WAS ACROSS THE JUDICIAL BOARD.
YOU COULDN'T TALK TO ANYONE ABOUT ANYTHING.
WHAT ARE THE RULES? ARE WE, TO WHAT EXTENT CAN WE ASK THE QUESTION? YEAH.
SO THE WAY I GET
IS, UH, THERE IS A DIFFERENCE BETWEEN THE BOARD OF JUST MEANS TO HERE, RIGHT? HERE YOU ARE AQUA, YOU'RE NON QUASI GOVERNMENT, YOU'RE A ADVISOR.
ON TOP OF IT, THE DEVELOPER HAS A LOT OF STRINGS ATTACHED.
THEY HAD TO COME IN AND SHOW THAT THERE IS A GAP, WHICH CANNOT BE DONE WITHOUT THE CITY INCENTIVES.
SO, AND THEY HAD MISSED THEIR OWN FUNDING INTO THE PROJECT, AND AFTER COMPLETION OF THE PROJECT AND MEETING ALL THE OBLIGATIONS, THEN, THEN ONLY WE'LL RELEASE THE T FUNDING.
SO THAT BEING SAID, YOU CAN, UH, LIKE, UH, EARLIER BOARD MEMBER SAID SHE KNOWS SOMEONE AND SHE WILL REFER THE DOCTOR TO US.
LIKEWISE, IF YOU KNOW SOMEONE, YOU CAN ALWAYS FEEL FREE TO SEND THEM OUR WAY, THEN WE WILL HAVE A DISCUSSION WITH THEM AND SEE WHAT CAN BE DONE TO HELP THEM.
IF THEY'RE TALKING TO YOU ABOUT THE DEAL AND ASKING YOUR OPINION ON IT, LIKE, ARE WE ALLOWED TO, IF SOMEONE SAYS, I HAVE THIS GREAT IDEA, AND THIS IS SOMETHING THAT THIS FORD WOULD LOOK AT, HOW HAVE YOU, LIKE, WHAT DO YOU GUYS CONSIDER WHEN YOU'RE MAKING THESE EVALUATIONS? WHAT'S STAFF LIKE? LIKE WHAT'S, WHERE ARE THE GUIDELINES HERE? SO WHEN IT COMES TO YOUR ROLE, UNLESS YOU HAVE A FINANCIAL OBLIGATION, YOU ARE, YOU ARE WELCOME TO TALK TO THEM.
IF YOU ARE FINANCIALLY INVOLVED, THEN, SO I DON'T THINK YOU ARE, UH, NOT LIKE ADVISOR, NOT LIKE, UM, BOARD OF HS.
THAT'S WHAT I'M TRYING TO TELL.
AND THEN OUTSIDE OF MEETINGS, BOARD MEMBERS SHOULD PROBABLY NOT TALK TO EACH OTHER.
ESPECIALLY THERE'S LIKE FOUR OF US, RIGHT? BECAUSE IF YOU ALL OF YOU GO TO A RESTAURANT WITHOUT NOTIFYING EACH OTHER, THAT'S A DIFFERENT, BUT ALL OF YOU, WE, AND IT BECAUSE IT REQUIRES THE PUBLIC NOTICE AND REQUIRES A QUORUM, THINGS LIKE THAT, THAT ARE ATTACHED TO THE, UM, OPEN MEETING ACT.
THAT'S WHY YOU GET EMAILED JUST KIND OF DIRECTLY RIGHT FROM ME AND NUMBER GROUP EMAILS AND SORRY.
AND THEN SORT OF IN THE SAME VEIN, UM, AND AGAINST BOARD OF ADJUSTMENT DERIVATIVE, UM, WE COULDN'T BE LOBBIED EVEN, COULDN'T EVEN BE TOLD BY OUR OWN COUNCIL PERSON HOW THEY WOULD LIKE US TO VOTE ON A CASE.
I DON'T KNOW IF THAT COMES UP HERE, BUT IF OUR CITY, CITY COUNCIL PERSON SAYS, OKAY, YOU ARE TRUE, BECAUSE THERE IS A FUNDING, CITY FUNDING INVOLVED, THOSE WILL ARE.
SO WE CAN'T BE, WE CAN'T BE LOBBIED AND NO.
AND I'M GONNA MOVE, UM, THINK WE'RE ON PAGE 18.
THIS PROVIDES A YEAR END SUMMARY,
[00:35:01]
UM, OF MEETINGS.UM, I KNOW THE ONLY MEETING WE HAD, UM, IN FISCAL YEAR 20 24, 20 25 WAS, UM, ESSENTIALLY A MEETING LIKE THIS IN DECEMBER 3RD, 2024.
UM, BUT, UH, PLEASE REVIEW IT AND LET ME KNOW IF ANYTHING, UM, IS OFF.
AND THEN ON THE NEXT PAGE, PAGE 19, UM, IT SUMMARIZES, UH, ITEMS CITY COUNCIL ITEMS OR ITEMS THAT WENT TO CITY COUNCIL THAT ARE RELATED TO THE 10TH DISTRICT.
UM, AND THERE WERE THREE DIFFERENT ITEMS. WELL, THE FIRST ITEM WAS, UM, THE, UM, APPROVAL OF, UH, THE ANNUAL REPORT FOR FISCAL YEAR 23, 24 UNDER, UH, STANDARD, UM, ITEM THAT WENT TO COUNCIL.
UM, THE NEXT ITEM THAT WENT TO COUNCIL IN MAY OF 2025 WAS, UM, THIS WAS LED BY OUR, UM, HOUSING DEPARTMENT.
UM, BUT IT WAS, UM, THE APPROVAL OF A CONVENTIONAL GRANT, UH, IN THE AMOUNT OF 2 MILLION, UM, FOR, UM, O HOLLOW PARTNERS.
UM, BUT THEY, UM, THE REASON FOR THE GRANT, OR THEY WERE, UH, IT'S ASSOCIATED WITH COSTS THAT THEY'RE REQUIRED, UM, TO DO ONSITE AND OFFSITE WASTEWATER INFRASTRUCTURE AND STREET SCAPE IMPROVEMENTS.
UM, AND IT IS IN CONNECTION WITH THE DALLAS PFC PROJECT THAT I MENTIONED EARLIER, THE CAROLINE.
UM, AND THEN THE LAST COUNCIL ITEM, UM, THAT WENT, OR THE LAST ITEM THAT WENT TO CITY COUNCIL RELATED TO THE DIST DISTRICT, UM, IN SEPTEMBER OF 2025, UM, WAS AN AMENDMENT TO THE DEVELOPMENT AGREEMENT FOR, UM, OSA.
UM, FORMERLY WE BE AS AT WESTERN UM, HEIGHTS.
AND THE ONLY PENDING ITEM THAT WE HAVE, UM, FOR CITY COUNCIL OR TO BE CONSIDERED BY CITY COUNCIL IS THE APPROVAL OF, UM, THIS ANNUAL REPORT, WHICH IS
UM, THIS PAGE 20 AND 21, UH, PROVIDE AN OVERVIEW OF THE BUDGET AND SPENDING STATUS OF THE T DISTRICTS.
UM, THE INFORMATION IS PRESENTED IN, UM, CHARTS THERE IN THIS SECTION.
YOU CAN ALSO, UM, ON PAGE 21, IT ALSO COVERS, UM, MWBE PARTICIPATION IN PROJECTS.
UM, SO THIS CHART CAPTURES PROJECTS THAT, UM, COMPLETED CONSTRUCTION OR WERE APPROVED BY CITY COUNCIL BEFORE JUNE, 2025.
THIS YEAR, UM, TIF DISTRICT PROJECTS WERE REQUIRED TO FOLLOW THE CITY'S, UM, BUSINESS INCLUSION AND DEVELOPMENT POLICY AND MAKE GOOD EFFORTS TO INCLUDE NWBE MINORITY AND WOMEN OWNED BUSINESSES IN THEIR PROJECTS.
UM, BUT I DO WANT TO KNOW THAT AS OF, UM, JUNE 25TH, 2025, THE CITY OF GALAXY FORCING ITS BID POLICY, UM, INCLUDING THE MWB SUBCONTRACTING, UM, GOALS, SO IS IT SMALL BUSINESS CONTRACTING? IS THIS CONFIRM? UH, UM, WE HAVE A NEW POLICY COMING UP.
SO THIS, THIS, I I ALWAYS GET A LITTLE TRIPPED UP ON PAGE 20.
UM, BACK TO THE PAGE 20, BUDGET AND SPENDING STATUS.
UM, TOTAL PROJECT COST 1 4 9, 9 60, THAT NUMBER, WHERE IS THAT NUMBER COMING FROM? CAN YOU JUST HELP ME REAL QUICK? YES.
UM, SO LET ME GO A LITTLE BIT FURTHER DOWN.
THIS IS THE ONE, WHEN THE TIP WAS CREATED IN 2008, WE HAD A PLAN IF THE DISTRICT PERFORMED TO THE CAPACITY THAT WAS ENVISIONED, THIS IS WHAT IT WAS FOR $2,008, THAT IS 69.4 MILLION IN $2,008 MM-HMM
THEN YOU CONVERT THAT INTO 2020 $5, IT IS 149.9 MILLION.
SO THE TOTAL CAPACITY OF THE DISTRICT PARTICIPATE IS PARTICIPATING JURISDICTIONS THAT IS COUNTY AND THE CITY, INCLUDING THAT WE ANTICIPATED.
THIS IS LIKE A VISIONING FOR THE ENTIRE DISTRICT FOR THE TERM OF THE DISTRICT IMPACT CAPACITY.
IN 2008, WE THAT IT'LL BE 69.4 MILLION CONVERTING INTO TODAY'S DOLLARS.
[00:40:01]
THAT DOESN'T MEAN THAT WE HAVE 149 MILLION SITTING IN THE BANK ACCOUNT.DOES THAT ANSWER YOUR QUESTION? ARE, AND DO Y'ALL, DO Y'ALL STILL THINK WE'RE ON TRACK TO CAPTURE 1 1 4 9 BY 2029? OBVIOUSLY NOT BECAUSE WE ARE JUST TWO YEARS FROM IT.
WHEN YOU GO BACK TO THE FRONT FIRST FEW PAGES THAT, UM, NATALIE HAS WALKED US THROUGH, WE ARE AROUND 69.5% TO REACH THE GOAL.
SO THAT'S WHERE, UM, IT COMES FROM.
SO AGAIN, IT'S THE GOALS SHE PROVIDED, THE KHER LIKE PERCENTAGES, HOW FAR WE ARE, WHAT DID WE ENVISION THAT WE CREATED THE DISTRICT, THINGS LIKE THAT.
SO THIS TALKS IN TERMS OF THE TABLE FORM SAYING THAT, HEY, THIS IS WHAT WE THOUGHT.
HOWEVER, WE ARE, UH, SHORT OF COUPLE OF MILLION DOLLARS.
AND OUR ACTUAL CASH ON HAND IS AT THE VERY END IN OUR, IN OUR BALANCE SHEET.
AND I'LL TOUCH ON THAT HERE, UM, SHORTLY AS WELL.
PAGE 21, UH, PROVIDES AN OVERVIEW OF THE WORK PROGRAM FOR FISCAL YEAR 2025 THROUGH 2026.
UH, AND OUR WORK PROGRAM INCLUDE, UM, YOU KNOW, SUPPORTING THE IMPLEMENTATION OF THE FORT WORTH AVENUE, TIFF DISTRICT PLAN.
WE'LL CONTINUE TO WORK TO COORDINATE PUBLIC IMPROVEMENT EFFORTS, UH, YOU KNOW, INCLUDING ASSESSING PUBLIC FACILITY NEEDS.
UH, WE'LL CLOSE OUT AND PROCESS THE DISBURSEMENT IF ELIGIBLE, YOU KNOW, UPON COMPLETION AND REVIEW FOR THE VISTA KESSLER, STEVEN RETAIL DEVELOPMENT PROJECT.
AGAIN, THAT WAS UNDER CONSTRUCTION, BUT WE HOPE, UH, FOR IT TO BE, UM, COMPLETE BY THE END OF SHOOT QUARTER TWO OF THIS YEAR.
UM, WE'LL CONTINUE TO COORDINATE, UM, OR WE'LL COORDINATE WITH THE CITY OF DALLAS FIRE RESCUE DEPARTMENT, UM, IN SUPPORT OF REDEVELOPMENT EFFORTS OF FIRE STATION 45.
AND, UM, WE'LL COORDINATE WITH GERALD SIMMONS PART AND SUPPORT ADJACENT DEVELOPMENT, UM, OPPORTUNITIES.
SO THAT'S OUR WORK KIND PROGRAM AND WHAT WE'LL BE, UM, WORKING TOWARDS, UM, IN THIS UPCOMING FISCAL YEAR.
PAGES 23 TO 26 ARE, WE'RE REQUIRED TO REPORT BY STATE LAW.
UM, WE'RE NOT GONNA GO THROUGH THE FINANCIALS LINE FOR LINE BECAUSE WE'D BE HERE FOR A LONG TIME, BUT I'M GOING TO HIGHLIGHT, UM, A FEW THINGS OR POINT OUT A FEW THINGS THAT I WANTED, UM, TO POINT OUT.
ON PAGE 27, UM, IT TALKS ABOUT, UM, THE FINANCIAL OBLIGATIONS AND ESTIMATED PAYOFF, UM, FOR AND FUNDING.
UM, AND WE DID MAKE FINAL PAYMENT IN THE AMOUNT OF 4.178 874 MILLION FOR THE MARIOSA FORMERLY VIA AT WESTERN HEIGHTS PROJECT.
WE DID THAT IN FEBRUARY OF 2025 IN THIS LAST FISCAL YEAR.
UM, AND, UM, ARE ANTICIPATING TO MAKE PAYMENT UPON COMPLETION, UM, AND VERIFICATION THAT ALL PROJECTS CONDITIONS WERE MET AND SATISFIED.
UM, FOR THE VISTA KESSLER STEVENS PROJECT.
UM, SOMETIME IN FISCAL YEAR 20 25, 20 20, UM, SIX.
AND THE EXISTING CASH ON HAND AVAILABLE FOR PROJECTS, UM, IS AROUND 8.5 MILLION.
UM, SO THAT'S WHERE WE ARE WITH THE FINANCIALS.
WHERE'S THAT 8.5 MILLION NUMBER? IS IT ON, IS IT CALLED OUT OR THAT'S JUST KIND OF PENCILED.
THE QUESTION ABOUT, UM, THE RECEIVABLE
WELL, WHERE IS THIS? WHERE'S THE SITTING THAT IT'S ONLY LIKE 2% IF YOU JUST BOUGHT UP, UM,
I CAN GET YOU MORE INFORMATION BECAUSE OUR FINANCIAL TEAM, THOSE SURE.
IT JUST SEEMS LIKE YOU CAN BUY A BOND AND GET FOUR, RIGHT? MM-HMM
THAT, THAT MEANS, UM, I HAVE ANYONE FROM OUR FINANCE TEAM JOIN, BUT
[00:45:01]
THEY DO TAKE THE LEAD ON OUR TOOLS.YEAH, NO, I CAN YOU, DO YOU HAVE YOUR JUST SEARCH A BECAUSE WE TO SEE ON, ON PAGE, UM, 29, IT PROVIDES SO MUCH OUR COLLECTING, BUT DID WE AGGREGATE OR NOT? THAT'S WHAT I NEED TO SEE, BUT I'M GOING TO GET BACK TO YOU.
HOW ABOUT THAT PAGE 29 ON PAGE 29,
SO WHEN YOU SEE HERE, YOU WILL BE ABLE TO SEE THE SOURCES OF REVENUE.
HOW MUCH HAVE WE TOTAL REVENUE THAT HAS BEEN COLLECTED? UH, THAT'S WHERE WE ARE AND WE WORK, UH, YOU KNOW, WE WORK CLOSELY WITH OUR FINANCE TEAM.
UM, AND I KNOW, UH, JUST AS OF TWO WEEKS AGO THEY SHARED WITH ME, UM, JUST AN INTERNAL PROCESS THAT WE DO TO CALCULATE CASH ON HAND.
I MEAN, THAT IS WHERE THE 8.5 MILLION IS, UM, COMING FROM.
AND THAT 8.5 MILLION, UM, ALREADY ACCOUNTS.
SO WE, WE ALREADY SET ASIDE THE MONEY THAT WE STILL HAVE TO PAY TO THE VISTA AT HESPER STEVENS PROJECT.
SO THERE IS LIKE, AS OF TODAY, 8.5 MILLION ROUGHLY CASH ON HAND FOR, UM, PROJECTS.
BUT WE CAN FOLLOW UP WITH, UM, JUST MORE KIND OF DETAILED RESPONSES.
IS IT IS A 3.6 0.3 0.6, UH, SINUS SET SIDE FUNDS PART OF THAT? NO.
I DON'T OH, SO, SO REALLY WE HAVE 3.6 PLUS TO EIGHT.
BUT EACH FUND HAS ITS, YOU KNOW, VERY SPECIFIC PURPOSE, RIGHT? OR IT'S REALLY LIKE 12 MILLION BETWEEN THE TWO FOR SURE.
SO THERE'S OUR 10% TO INCENTIVES.
AND THAT'S NOT STREET THAT IS ALSO ALREADY OUTSIDE OR OKAY.
THE, WE'VE ALREADY THE, WHAT IS IT, THE 8.5 ALSO DOES NOT COUNT FOR WHAT WAS ALREADY SET ASIDE FOR THE HOUSING OR FOR HOME OWNERSHIP PROGRAMS, THINGS LIKE THAT.
WHEN YOU LOOK AT IT AS THE BUCKET, SO AS THE AMOUNT THAT IS SET ASIDE FOR THE HOUSEHOLD WILL BE SEPARATE AND THE DISTRICTWIDE SET ASIDE HAS A SPECIFIC GOALS.
SO THOSE FUNDS ARE SEPARATE COMPARED, UH, FUND FUNDS.
SO ARE THESE JUST FINANCIALS OR JUST FOR PROJECT FUNDS OR, OR THIS IS FINANCIALS FOR THE DISTRICT.
SO THIS IS THIS, SOMEWHERE IN HERE IS THE 10% SATISFIED.
WELL THAT CONCLUDES MY WALKTHROUGH OF, UM, THE ANNUAL REPORT.
UM, THANK YOU ALL FOR BEING ENG ENGAGED AND FOR THE, THE QUESTIONS.
UM, BEFORE WE, UM, KIND OF MOVE ON, IS THERE ANY ADDITIONAL QUESTIONS THAT ANYONE WANTS TO ASK AT THIS TIME RELATED TO THE ANNUAL REPORT? I QUESTION, UM, ARE YOU, WELL, ARE YOU, ARE YOU ALLOWED TO ALLOCATE TIF FUNDS OUTSIDE OF THE DISTRICT? LIKE DISTRICT ADJACENT? I DON'T THINK SO.
I THINK THEY, IT HAS, THE TIF FUNDS HAVE TO BE USED WITHIN THE, THE TIP BOUNDARY.
UM, CAN WE TALK MORE ABOUT THE FORD DEVELOPERS THAT CAME AND LIKE TALKED TO Y'ALL IN THE PROJECTS THAT THEY WERE INTERESTED IN? JUST, YES.
UH, CAN I ASK YOU ONE THING? SO ONCE THIS IS DONE, WE WILL STOP RECORDING IT AND THEN GO ON WITH THE DISCIPLINE.
CAN WE TALK ABOUT IT? I DON'T THINK SO.
IT'S NOT PART OF THE AGENDA, SO I'M SORRY.
YEAH, WE CAN'T TALK TOO MUCH DETAIL.
WHAT, WHAT, UM, IT'S COVERED AND WE'RE KIND OF REALLY LIKE PRELIMINARY WITH A LOT OF THINGS.
UM, BUT ONCE WE GET KIND OF INTO THE WEEDS, UM, WE ALL WILL BE MADE KNOWN AND, YOU KNOW, IT THEY, ANYTHING ASKED BOTH FOR THE BOARD AND PRESENTED WITH YOU ALL, UM, WHEN TIME WAS JUST MORE, MORE THOROUGHLY.
SO AS OF 2020, AS OF 2025, THERE, THERE ARE FIVE
[00:50:01]
PROJECTS THAT HAVE NOT BEEN COMPLETED.AND THOSE ARE ALL, UM, OF SOME TYPES OF RESIDENCIES LIKE APARTMENTS, CORRECT? UH, OUT OF THE, I BELIEVE WE HAVE ONE, UM, 'CAUSE WE PUT IT IN TWO DIFFERENT LISTS.
SO PROJECTS THAT RECEIVE TIP FUNDING AND WE HAVE ONE PROJECT, UM, WITHIN THAT, UM, GROUPING THAT VISTA KESSLER, STEVEN STEVENS PROJECT THAT'S STILL UNDER CONSTRUCTION.
THE OTHER LIST OF PROJECTS ARE PROJECTS THAT HAVE NOT RECEIVED, UM, TIP FUNDING.
THEY'RE JUST PRIVATE DEVELOPMENTS THAT HAVE HAPPENED, UM, ON THEIR OWN.
AND I BELIEVE BASED ON THE CHART THEY'RE AROUND, UM, FOUR, FOUR TO FIVE THAT, UM, ARE STILL, UM, UNDER CONSTRUCTION ARE NOT COMPLETE ON PAGE EIGHT.
AND THEN JUST KIND ANY OTHER QUESTIONS.
JUST ANOTHER MISCELLANEOUS, UM, 'CAUSE I'M, THIS IS MY FIRST MEETING WITH, WITH EVERYONE.
SO THE LAST MEETING WAS IN 2024.
AND IT WAS, UM, A SIMILAR AGENDA, UM, TO PRESENT THE ANNUAL REPORT.
UM, UH, YOU KNOW, UH, WE, WE DO, WE WILL COVER HERE SOME SUGGESTED MEETING DATES, UM, FOR THIS UPCOMING YEAR.
UM, YOU KNOW, I WOULD LIKE TO NOTE THAT WE, UM, ONLY NEED, IF WE HAVE BUSINESS, UM, TO COVER, UM, I, I BELIEVE HERE IN THE NEXT YEAR, UM, THERE ARE GONNA BE SOME THINGS THAT WE NEED TO COVER.
SO THERE MIGHT BE MORE ACTIVITY, UM, THAN, THAN WE'VE HAD, UM, IN TERMS OF MEETING, UH, YOU KNOW, IN THE LAST YEAR, NEW YEAR OR TWO.
ANY OTHER QUESTIONS? OBSERVATION, THE ON PAGE 23, THE BALANCE ON BALANCE IN FOR 24, 25.
THANK YOU FOR MAKING THAT OBSERVATION.
WE'LL, I KNOW THERE'S A NOTE IN THERE THAT SAYS THAT THESE ARE ALL SUBJECT TO CHANGE, BUT WE'LL GET WITH OUR FINANCE TEAM AND UPDATE AND MAKE SURE THAT'S INCLUDED BEING CONSIDERED FOR.
BEFORE WE FINALIZE, UM, I HAVE SOMETHING ON THE SECOND PAGE, IT ASKS THAT WE NOMINATE AN ELECT, VICE CHAIRPERSON.
OR IS THAT IRRELEVANT? WE'LL, BACK HERE, UM, SHORTLY WE'RE ON THE ITEM, UM, THE ITEM, THE ANNUAL REPORT ITEM.
I JUST FINISHED, UM, WALKING US THROUGH IT, SO ANY MORE QUESTIONS? NOT, I'LL SEND OVER TO MR. I I QUESTIONS ABOUT DISCUSSION MORE LIKE BROAD, LIKE SUCH WAY TOWARDS THE END YES.
SORT SORT OF A, LIKE, IF IT IS RELATED TO THE REPORT, THEN WE'LL DISCUSS HERE.
AND IF IT IS NOTED IN THE AGENDA, WE MAY, BUT WE'LL TAKE NOTES AND WE'LL KEEP IT ON THE RADAR MOVING FORWARD.
ANY MORE QUESTIONS ON THE ANNUAL REPORT? MR. UM, SO THE RECOMMENDED ACTION IS APPROVAL AND FOR THE RECOMMENDATION OF APPROVAL TO CITY COUNCIL.
UM, WANT A MOTION TO APPROVE? MOTION TO APPROVE.
ANY OF THOSE? I JUST, IT WAS DEON, IT WAS YOU THAT, UH, SECONDED.
OKAY, SO THEN NUMBER FIVE, JUST TO REVIEW, UM, THE REGULAR MEETING SCHEDULE OR THE UPCOMING MEETING.
AND I BELIEVE THE MEETINGS STILL, UM, SIT TUESDAYS.
UM, BUT WE MOVED IT UP A BIT, UM, THE THREE OF NOT, UM, JUST TO MAYBE NOT KEEP US HERE UNTIL FIVE.
HOPEFULLY THAT'LL WORK FOR EVERYONE.
AND THEN THE THIRD QUARTER MEETING WAS ADJUSTED,
[00:55:01]
UM, 'CAUSE OF THE HOLIDAYS.SO THAT ONE'S JUST NOT ON THE FIRST TUESDAY OF THE MONTH.
SO ONE OF MY QUESTIONS IS RELATION TO THIS.
WE GOT THE SAME PAGE LAST YEAR HERE, DECEMBER, RIGHT? AND THEN WE DIDN'T MEET AT ALL.
UH, BUT ME AND A COUPLE OTHER BOARD MEMBERS ASKED ME MULTIPLE TIMES, SAID, WE HAVE IDEA.
AND I KNOW SOME OF THIS GOES WITH THE, THERE'S A LEADERSHIP CHANGE, UM, WITH DORSEY RETIRING, RIGHT? SO THAT, THAT HAPPENED IN ALL OF THIS.
LIKE WE WANTED TO BE, WE THOUGHT WE HAD IDEAS TO DISCUSS.
I HAVE IDEAS FOR HOW WE WE CAN USE THIS RIGHT NOW.
AND IT WAS NEVER EVEN REALLY LIKE, HEY, AN EMAIL OR ANYTHING SAYING THIS MEETINGS CAMPUS DIDN'T HAPPEN.
UM, SO ONE, I WANNA MAKE SURE, LIKE ARE WE RESPONSIBLE IN SOME WAYS TO SAY, AS A BOARD, WE NEED, EVEN IF THERE'S NOT BUSINESS TO DISCUSS, WE SHOULD BE IN HERE, FIGURE OUT HOW DO WE USE THESE FUNDS IN THE NEXT TWO YEARS AS PART OF OUR RESPONSIBILITY TO DO THAT.
UM, AT LEAST A COUPLE TIMES A YEAR.
UH, SO I, I WANT, I WANNA PROPOSE THAT GENERALLY, LIKE LET'S BE A LITTLE BIT MORE AGGRESSIVE HERE IN SOME WAYS.
AND I, I DON'T WANNA FAST FORWARD 12 MONTHS AND WE HAVEN'T MET, WE TRIED THIS YEAR, LAST YEAR WE COULDN'T EVEN, EVEN WITH US ASKING, SAY WE WANT TO MEET, IT NEVER HAPPENED.
SO AS YOU KNOW,
SO LET US, THESE ARE THE PROPOSED TO MEETING NOTES.
SORRY, YOU SAID I DIDN'T UNDERSTAND THE, IF IF THERE'S ACTIONS TO BE HELD, THEN YOU'LL REACH OUT AND SAY THAT WE'RE HAVING A MEETING.
IF NOT, THAT'S WHY IT'S UP TO YOU AS THE CURRENT CHAIR, I GUESS.
SO SECOND WILL NOT BE SETTING THESE.
YOU'LL TELL US, YOU CAN EMAIL FOR DISCUSS ITEMS BECAUSE TYPICALLY WHEN WE COME TO YOU, THERE IS THE
BUT WHAT I HEAR FROM ALL OF YOU IS YOU WOULD WANT TO MEET IN ADDITION, UH, WHETHER THERE IS A GOVERNMENT PROCESS OR NOT, IF THAT IS THE CASE, THESE ARE ALL THE FOUR MEETINGS WE ARE PROPOSING FOR THIS YEAR.
AND LET US KNOW THROUGH THE CHAIRS SO THAT, UH, THOSE WOULD BE DISCUSSION ITEMS ONLY.
SO MAYBE A GOOD SEGUE INTO THE DISTINCT WIRE, UM, IN CHAIRS.
SO LET'S HAVE THOSE DECISION AND I WOULD ARRANGE THE CHAIR TO, YOU KNOW, REACH OUT TO US SO THAT WE CAN, UH, SET UP THE MEETINGS ON THE DATES THAT ARE PROPOSED.
I I, I WANT, THERE'S NEVER A MEETING INVITE SENT OUT HERE.
THIS IS JUST KIND OF, HERE'S A PAGE ONCE THESE MEETINGS AND THEN YOU JUST KIND OF, THAT NEVER HAPPENS.
I WOULD PROPOSE LIKE A CALENDAR INVITE JUST SENT TO EVERYONE RIGHT NOW.
LET'S, OR I MEAN DO IT THEMSELVES, WHATEVER.
BUT LET'S HOLD THESE FOUR DATES AND THEN IT'S UP TO THE CHAIR, YOU GUYS A WEEK OUT TO SAY WE'RE CANCELING IT.
RIGHT? WE'RE SORRY ABOUT THAT.
UM, DEVIN, I WAS JUST TRYING TO CONFIRM THAT WE CAN SEE YOU AND HEAR YOU AND WE CAN, AND JOSE, WE CAN SEE YOU.
CAN YOU TEST YOUR MIC FOR US? STILL NOT ABLE TO HEAR YOU, JOSE.
WE CAN SEE YOU THOUGH, BUT I THINK WE CAN GET STARTED AS WE, WE DO HAVE MORE.
WHAT ABOUT NOW? WE CAN HEAR YOU NOW.
WE STARTED RECORDING AND I AM GOING TO HAND IT OFF.
SO BRIAN, WHO'S OUR VICE CHAIR TO LEAD WE'LL, WE'LL DO IT TOGETHER.
UM, PAUL LEADING OVER AT UH, 2 0 5.
UM, WE DO AN INTRODUCTION, THE PARTICIPANTS.
SO BRIAN
AND WE CAN START WITH THE BOARD MEMBERS ONLINE.
[01:00:02]
HI, GOOD AFTERNOON.JESSICA LYNN SEPULVEDA, UM, APPOINTEE, UM, ATTORNEY DALLAS, TEXAS, AND WE CAN MOVE TO DEVIN.
I OWN DLM ON, UH, IN OAK CLIFF, TYLER AND DAVIS.
JOSE RIVERA, UM, DALLAS, TEXAS.
AND I THINK THE LAST BOARD, BOARD MEMBER ONLINE.
UH, AND MY GRANDMOTHER WOULD BE VERY PROUD OF HOW YOU SAID MY NAME CORRECTLY.
I LIVE IN THE DISTRICT AND, UM, I'M IN REAL ESTATE DEVELOPMENT AND INVESTMENT.
AND THEN I THINK THE LAST, REMEMBER ONLINE IS ALKA.
AND I LITERALLY JUST GOT MY SOUND, SO I'M GLAD THAT I DIDN'T MISS AND Y'ALL WERE TALKING TO ME AND I DIDN'T KNOW IT.
UM, HI, I'M ALTA MANCH AND I LIVE IN WEST DALLAS.
I'M NOT SURE WHAT ELSE WE'RE SHARING.
UM,
I HAD ANOTHER MEETING THAT JUST RAN OVER.
AND THEN I'LL MOVE TO THE TWO ECONOMIC DEVELOPMENT STAFF.
PEOPLE ONLINE WILL START WITH TAMARA.
TAMARA IS, UH, MY MINE, NOT RECORDING, BUT SHE'S AN, UH, OUR ASSISTANT DIRECTOR OVER REAL ESTATE CATALYTIC DEVELOPMENT.
I'LL GO AHEAD AND MOVE TO, GO AHEAD, TAMARA.
YOU CAN WE HEAR YOU? NO, THAT'S FINE.
I'M ALSO IN THE OFFICE OF ECONOMIC CATALYTIC, UH, DIVISION.
AND I AM ALSO, UH, LIKE TAMARA JUST SITTING IN AND WANTING TO OBSERVE.
AND I THINK WE HAD ONE MORE PERSON ON LINE.
BELIEVE IT IS, UH, FROM THE PUBLIC.
CHELSEA, DO YOU WANNA INTRODUCE YOURSELF? SHE MIGHT JUST ALSO BE LISTENING IN.
I THINK WE'RE GOOD WITH, UH, INTRODUCTIONS.
UM, Y'ALL AWARE? ANY PUBLIC COMMENTS PERTAINING THAT? UM, LET'S SEE.
I'M SORRY, MY MICROPHONE ISN'T WORKING.
IT LOOKS LIKE CHELSEA'S THE ONLY PUBLIC JOINED.
CHELSEA, DO YOU HAVE ANY COMMENTS? I THINK SHE SAID HER MIC WASN'T WORKING.
CAN WE UNMUTE HER? LET ME SEE.
ARE YOU, YOU'RE NOT ABLE TO UNMUTE HER ON YOUR END.
UH, NUMBER THREE, JUST TO REVIEW, UM, THE, UH, MEETING RECORD FROM DECEMBER 3RD, 2024.
AND THAT WAS INCLUDED IN YOUR PACKET AND MATERIALS THAT YES.
UM, WAS FAIR THAT YOU ALSO HAVE BEEN IN PERSON HALF IN FRONT OF YOU.
UM, DON'T HAVE ANY TIME BEFORE WE JUST
UM, IS THERE A MOTION? APPROVE TO APPROVE? OKAY.
THE DECEMBER THIS HAS PRESENT.
WE DON'T NEED TO GIVE LIKE A ROLL CALL NOTE OR ANYTHING SO YOU CAN SEE WHO VOTES FINE.
'CAUSE WE DEFINITELY DIDN'T HEAR ANYONE.
LET ME SEE IF WE CAN GET THE, IF WE COULD POP THIS OUT AND MAYBE GET LIKE HANDS ERASED.
I HAVE NOT SO WAY ON TOP THAT.
[01:05:03]
NO, YOU CAN HIDE FOR DISTANCE WITHOUT VIDEO.AND THAT LAYOUT OPTION, LET'S WE SEE THOSE.
BUT THEN, THEN MAYBE WE WANT THE LAYOUT TO BE THE STACK BECAUSE IT WAS SHOWING US MORE.
AND SO WE SEE, I THINK, I THINK WE SEE ALL BOARD MEMBERS.
IF YOU CAN RAISE YOUR HAND IF YOU'RE ONLINE.
UH, BASIS NUMBER FOUR ON THE AGENDA REVIEW CONSIDERATION, DISTRICT ANNUAL REPORT FOR FISCAL YEAR 20 20, 25.
THIS IS WHERE I WILL TAKE OVER FOR A BIT AND WALK US THROUGH THE ANNUAL REPORT FOR THIS LAST FISCAL YEAR, UM, BEING FISCAL YEAR 2024 AND 28, 25.
UM, I SHARED THIS WITH YOU ALL A FEW DAYS AGO.
UM, HOPEFULLY YOU HAD ENOUGH TIME TO REVIEW IT.
I'M GONNA WALK THROUGH IT, UM, AS THOROUGHLY AS I CAN.
BUT ALSO IN THE ESSENCE OF TIME, GONNA JUST HIGHLIGHT A FEW THINGS.
IF YOU HAVE ANY QUESTIONS AS WE'RE GOING THROUGH IT, UM, FEEL FREE TO INTERRUPT ME.
UM, BUT WE ALSO WILL HAVE, UM, TIME FOR QUESTIONS, UM, AT THE END.
SO AGAIN, I'M JUST GONNA HIGHLIGHT, UM, A FEW THINGS.
UM, AND, UH, TOUCH ON, UM, SOME OF THE MAIN UPDATES THAT WERE MADE, UM, TO THE REPORT.
UM, JUST, UH, SO YOU KNOW THIS, THE ANNUAL REPORT WOULD GO TO COUNCIL IN FEBRUARY, SO HERE IN A FEW WEEKS.
UM, IT STILL NEEDS TO BE REVIEWED BY THE CITY ATTORNEY'S OFFICE.
UM, THAT'S A, A STOCK THAT WE HAVE, UM, AFTER, UM, TODAY'S MEETING.
UM, AND IF ANY MOTION THAT IS MADE TODAY, UM, IS SUBJECT TO SOME MINOR MODIFICATIONS BEFORE IT GOES TO CITY COUNCIL, UM, YOU WILL GET, UH, A COPY OF, UH, THE PANEL REPORT ON HERE IN THE NEXT, UM, FEW WEEKS AND WE'LL KEEP YOU AT UP TO DATE WITH THAT.
UM, BUT UM, AS OF NOW, THE ANNUAL REPORT IS IN PRETTY GOOD SHAPE.
UM, SO MOST OF THE EDITS, IF THERE IF ANY, WON'T BE SUBSTANTIAL.
UM, BUT AGAIN, WE WILL KEEP YOU UPDATED.
UH, THE TIP DISTRICT, I KNOW YOU ALL, UM, I AM NEWER, UM, TO THE DISTRICT, TIF DISTRICT.
UM, SO YOU ALL HAVE BEEN AROUND FOR, UH, A GOOD WHILE AS BOARD MEMBERS AND REALLY KNOW THE AREA.
UM, JUST AS A REMINDER, THE TIF DISTRICT, UM, THE FORT WORTH AVENUE TIF DISTRICT IS SET TO EXPIRE, UM, IN 2029.
SO WE HAVE A FEW YEARS TO CONTINUE TO PROMOTE INVESTMENT AND ECONOMIC DEVELOPMENT, UM, IN THIS DISTRICT.
AND I'M REALLY EXCITED TO WORK ALONGSIDE OF YOU ALL, UM, TO DO THAT.
UH, CURRENTLY THE CITY'S PARTICIPATION RATE, UM, IS AT 70% AND THE COUNTY'S PARTICIPATION RATE IS AT 50%.
WHAT IS, I'M SORRY, WHAT DOES THAT MEAN? WHAT IS THE PARTICIPATION RATE? IT'S WHAT THE CITY IS CONTRIBUTING TO, UM, IN TERMS OF TAXES TO THE DISTRICT.
SO 70% OF WHAT? OF THE PROPERTY TAXES YES.
IS WHAT IF THE CITIES CONTRIBUTE 70% ANNUALLY AND THE COUNTY CONTRIBUTES 55% ANNUALLY.
AND THAT'S WHAT MAKES UP THE INCREMENTS, UH, THAT GOES INTO THE TIF FUND.
I GOT, SO THE CITY'S KEEPING 30, THE COUNTY IS KEEPING 45 AND THE BALANCE IS GOING INTO OUR TIF.
NOW WE'RE GONNA GET INTO, UH, THE ACTUAL ANNUAL REPORT AND I'LL FOLLOW ALONG KIND OF PAGE, UM, BY PAGE.
UM, SO, UM, ON THE COVER PAGE, UM, YOU SEE THE SPROUTS FARMER'S MARKET PROJECT, UM, OR THE, THE SPROUTS FARMER'S MARKET, UM, GROCERY STORE THAT IS AT THE VISTA TEST FOR STEVEN RETAIL REDEVELOPMENT PROJECT.
THIS IS THE MOST RECENT PROJECT, AND THEN IT'S A DISTRICT THAT HAS RECEIVED FIFTH FUNDING.
UM, THE PROJECT IS, WAS APPROVED IN FISCAL YEAR 2324.
UM, IT'S STILL UNDER CONSTRUCTION.
UM, IT'S EXPECTED FOR ALL COMPONENTS TO BE COMPLETE BY THE END OF THE, THIS YEAR FIFTH OR TO BE QUARTER TWO.
UM, AS OF RIGHT NOW, MS. SPROUTS IS OPENED.
UM, AND THE MULTITENANT BUILDING THAT IS AN OUT PARCEL
[01:10:01]
BUILDING, UM, IS UM, OPEN AND IT FEATURES THAT NOTHING FUN CAKES AS ONE OF THE TENANTS.THE NEXT PAGE IS A MAP OF THE TIF DISTRICT.
UH, THE PREVIOUS ANNUAL REPORT SHOWED, UM, THE ORIGINAL BANK BOUNDARY OF THE TIF DISTRICT, UM, AND ALSO, UM, THE NEW BOUNDARY THAT WAS ADDED OR THE NEW AREA THAT WAS ADDED IN 2023.
SO WE KIND OF, WE, WE CONSOLIDATE THAT AND PUT THAT ALL INTO ONE MAP.
AND THAT'S AN UPDATED MAP THAT'S ON, ON PAGE TWO OF THE ANNUAL REPORT.
THE NEXT, UM, FEW PAGES, UH, COVER WHAT IS THE MISSION STATEMENT.
UM, SOME OF THE MAIN SIGNIFICANT ACCOMPLISHMENTS WITHIN THE TIP, UM, DISTRICT, THE MISSION STATEMENT, UM, DOESN'T CHANGE.
UH, SO THAT, YOU KNOW, REMAINS THE SAME FROM PREVIOUS ANNUAL REPORTS.
UM, AND, UM, THE DISTRICT ACCOMPLISHMENTS, UM, TALK ABOUT SOME OF THE PROJECTS WE'VE ALREADY, UM, COMPLETED AND THE FIFTH DISTRICT.
UM, BUT THE MAIN UPDATES HAPPEN.
THERE WERE, UH, THE ONES RELATED TO THE VISTA AT CLUSTER STEVENS PROJECT.
AND THEN I WALKED US THROUGH JUST KIND OF WHERE WE ARE WITH THAT PROJECT AND WHEN WE ANTICIPATE FOR IT TO BE COMPLETE.
THE NEXT PAGES, WHICH IS PAGES FIVE AND SIX, UM, THIS CHART COVERS, UM, SIGNIFICANT DEVELOPMENT PROJECTS WITHIN THE TIF DISTRICT.
UM, AND WE GROUPED THEM IN KIND OF TWO LISTS.
THE FIRST LIST BEING PROJECTS THAT RECEIVED, UM, TIF FUNDING.
UM, AND YOU CAN SEE THE LIST OF THOSE PROJECTS.
AND THEN ALSO WE GROUP IT, UM, A LIST OR THE OTHER LIST, UM, SET OF PROJECTS OR PROJECTS THAT HAVE NOT RECEIVED TIF FUNDING, BUT WE CONSIDER THEM TO BE SIGNIFICANT, UM, IN TERMS OF, UM, YOU KNOW, DEVELOPMENT REDEVELOPMENT, UM, IN, IN THE TIF DISTRICT, THIS CHART.
UM, AND YOU KNOW, AS I MENTIONED BEFORE, YOU ALL ARE THE, UM, YOU KNOW, THE EYES AND EARS ON THE GROUND FOR US.
SO, UM, SOME OF YOU MENTIONED THAT YOU LIVE IN THE TIF DISTRICT, HAVE BUSINESSES IN THE T DISTRICT.
UM, SO IF THERE'S ANYTHING THAT SEEMS OFF IN THE CHART, OR YOU HAVE QUESTIONS, PLEASE LET ME KNOW.
UH, BUT WE DO UPDATE THIS CHART ANNUALLY TO REFLECT THE CURRENT DCA VALUES.
UM, AND SO THAT CHANGES, UM, YEAR TO YEAR.
AND IF YOU SCROLL TO THE END OF THE CHART, WHICH IS ON PAGE EIGHT, UM, YOU KNOW, WE, WE KIND OF LOOK AT IT AS A WHOLE AND WE LIKE TO, YOU KNOW, WE, WE CAN SAY THAT THE TIF DISTRICT HAS, UM, PUT FORTH AROUND 16 MILLION IN PROJECTS OR IN FUNDING FOR, FOR, UM, PROJECTS.
AND, UH, YOU KNOW, WE LIKE TO SAY THAT THAT, YOU KNOW, HAS LEVERAGED AROUND $96.1 MILLION OF PRIVATE INVESTMENT, UM, OVER THAT T FUNDING OR OVER THAT FUNDING.
AND, UH, $16 MILLION THAT WAS PUT IN BY THE TIF.
HOW MUCH MONEY IS IN THE TIF RIGHT NOW? UM, IN TERMS OF LIKE TOTALITY OR ASKING LIKE WHAT WE MIGHT HAVE ON HAND FOR LIKE PROJECT? YEAH, LET'S SAY EVERY PROJECT STUFF COME TO THAT, WE'LL GO THROUGH AND WE'LL COME TO THAT.
YEAH, I DO HAVE A NOTE, UM, HERE LATER THAT TALK ABOUT, KIND TO GIVE YOU KIND OF WHERE WE'RE AT IN TERMS OF LIKE CASH ON PROJECTS.
THE NEXT, UH, THING I WANNA COVER IS ON PAGE NINE.
UM, THIS IS THE MIXED INCOME HOUSING SUMMARY.
UM, AFFORDABLE HOUSING IS ONE OF THE KEY COMPONENTS OF THE TIF DISTRICTS AND, AND, UM, MANY OF OUR TIF DISTRICTS, UM, I'D LIKE TO HIGHLIGHT, UM, I KNOW YOU ALL ARE FAMILIAR WITH THEM, BUT JUST WANNA HIGHLIGHT, UM, TWO PROJECTS THAT DID RECEIVE TIF FUNDING, THAT HAD AFFORDABILITY, UM, IN THE MIX, OR HAD AN AFFORDABILITY COMPONENT, WHICH IS THE SVIN 30 PROJECT.
AND THEN THE ALSO OSA, FORMERLY KNOWN AS DIAZ AT WESTERN HEIGHTS.
SO BOTH OF THOSE PROJECTS IN TOTAL BOUGHT, UM, 3,331 UNITS, UM, FOR RESIDENTIAL UNITS TO THE FIFTH DISTRICTS.
AND OUT OF THAT THREE HUNDRED THIRTY ONE A HUNDRED FORTY FOUR OF THOSE UNITS ARE AFFORDABLE.
UM, SO THAT, THAT, THAT SHEDS, UM, A LITTLE BIT MORE ON THE PROJECTS THAT HAVE RECEIVED FUNDING THAT, UM, HAVE AN AFFORDABILITY COMPONENT.
UM, BUT I ALSO WANNA HIGHLIGHT, UM, TWO PROJECTS THAT ARE OUTSIDE THAT HAVE NOT RECEIVED TO FUNDING THAT THEY'RE ACTUALLY DALLAS PUBLIC FACILITY CORPORATION PROJECTS OR MULTI-FAMILY PROJECTS.
ONE CALLED CO-OP SINGLETON AND WHAT CALLED THE CAROLINE.
THEY'RE CURRENTLY UNDER CONSTRUCTION.
UM, AND WE ANTICIPATE THAT THEY WOULD ADD
[01:15:01]
AN ADDITIONAL 239 AFFORDABLE UNITS TO THE TIP DISTRICT WITHOUT THE USE, UM, OF T FUNDING.ON PAGE NINE, WE CONTINUE ON THE SAME PAGE.
THIS IS A NEW RECEPTION TO THE ANNUAL REPORT.
THE FIRST TIME THIS SECTION WAS ON THE ANNUAL REPORT WAS LAST YEAR, BUT THIS COVERS, UM, HOMEOWNER STABILIZATION, HOME REPAIR AND DISPLACEMENT MITIGATION.
AND, UM, AT THE END OF THIS FISCAL YEAR, A TOTAL OF AROUND 1.4 MILLION HAS BEEN TRANSFERRED FROM THE FORT WORTH AVENUE TIF DISTRICT TO THE CITY'S, UM, OFFICE OF HOUSING AND COMMUNITY EMPOWERMENT TO BE ABLE TO PUT FORTH PROGRAMS THAT ARE RELATED TO HOMEOWNER STABILIZATION HOME REPAIR.
UM, THIS YEAR, UM, THE FIRST TRANSFER OF THE, OF FUNDS FROM THE 10TH DISTRICT HAPPENED LAST YEAR.
THIS IS THE SECOND YEAR TRANSFER, IF I JUST GAVE YOU THE TOTAL, UH, FOR BOTH YEARS, 1.4, 1.4, UH, MILLION.
BUT THIS YEAR AROUND, UM, OR FIVE HUNDRED AND FORTY FIVE, SEVEN HUNDRED AND FOURTEEN WAS TRANSFERRED, UM, FROM THE FIFTH DISTRICT, UM, TO THE CITY'S HOUSING DEPARTMENT TO PUT FORTH THESE PROGRAMS. UM, AND WHERE WE STAND, UM, THE CITY'S HOUSING DEPARTMENT, UM, IS IN THE, UM, YOU KNOW, WE HAD ANTICIPATED AT THE END OF, UM, LAST YEAR OR LIKE 2025, UM, THE LAST TWO MONTHS THAT THEY, THEY WOULD BRING FORTH, UM, TO CITY COUNCIL, UM, A REQUEST FOR AUTHORIZATION FOR A VENDOR TO ADMINISTER A HOME IMPROVEMENT PROGRAM.
UM, AND THEN EARLY THIS YEAR, UM, APPROACHED CITY COUNCIL FOR AUTHORIZATION, UM, FOR A VENDOR TO ADMINISTER A HOME BUYER ASSISTANCE PROGRAM.
SO THE, THE, THE CITY'S HOUSING DEPARTMENT IS, UM, IN THE WORKS OF, UM, DEPLOYING SOME OF THOSE FUNDS.
UM, AND THAT'S WHERE WE STAND WITH THAT.
UM, FUNDING THE NEXT, UH, PAGES, PAGES 10 THROUGH FIVE FOCUS ON DISTRICT INITIATIVES.
UM, SOME OF THIS, UH, HAS REMAINED THE SAME FROM LAST YEAR.
THAT REALLY JUST COVERS, UM, SOME OF THE PROJECTS OR DISTRICT INITIATIVES.
UM, SO SOME OF THESE PARTS HAVEN'T CHANGED MUCH, BUT I WANT TO HIGHLIGHT, UM, SOME THINGS THAT DID CHANGE OR SOME UPDATES THAT WE DID MAKE, UM, TO THIS OR THE UPDATES THAT WE HAD.
UM, SO ONE BEING THAT, UM, A PROJECT, UM, THE DISTRICT INITIATIVE PROJECT, UH, THAT'S CALLED THE COLLECTIVE, UM, WHICH INCLUDED BICYCLE AND PEDESTRIAN IMPROVEMENTS AS YOU RECALL, UH, YOU KNOW, ALONG FORT WORTH AVENUE, COLORADO BOULEVARD, CLEMENT, AND BAHAMA DRIVE.
THIS PROJECT WAS IN TWO PHASES.
UM, YOU KNOW, PHASE ONE WAS COMPLETED A FEW YEARS AGO, BUT AT, UM, AT THE END OF FISCAL YEAR 2024 AND 2025, WE HAVE NOW COMPLETED PHASE, UM, TWO OF, UM, OF THAT PROJECT.
SO THAT PROJECT IS, UM, COMPLETE AND YOU'LL NOTE THAT, UM, IN THIS ANNUAL REPORT.
UM, AND THEN ANOTHER INITIATIVE THAT WE HAD, UM, IN THE TIF DISTRICT, UM, WAS, UM, UH, THAT WENT TO CITY COUNCIL IN SEPTEMBER, WAS AN AMENDMENT TO THE DEVELOPMENT AGREEMENT FOR THE PROJECT KNOWN AS
WE HAVE AT, UM, WESTERN HEIGHTS.
AND THIS, THIS, UM, INFORMATION OR THIS SECTION IS PRESENTED KIND OF IN A DESCRIPTIVE FORMAT, BUT THEN ALSO IN THE CHART, UM, WHICH ENDS ON PAGE 15.
NOW I'M GONNA MOVE TO A ON PAGE 15, UM, AND COVER THE DISTRICT WIDE SET ASIDE FUNDS.
UM, SO OF ALL THE INCREMENT THAT GETS, UH, THAT GETS COMES IN, 20% OF IT GETS MOVED OR MOVED TO DISTRICT WIDE SETASIDE FUNDS.
UM, AND THESE ARE FUNDS THAT WE, YOU KNOW, THAT THE TIFF CAN USE, UM, FOR NON-PRO SPECIFIC, UM, DISTRICT WIDE TRAILS, OPEN SPACE TYPE OF PROJECTS.
AND SO APPROXIMATELY AS OF TODAY, UM, AROUND 4.4 MILLION HAS BEEN SET ASIDE FOR DISTRICT WIDE, UM, PROJECTS OR FOR THE DISTRICT WIDE SET ASIDE FUND.
UM, OF THAT 4.4 MILLION, UM, 824 AND $63 WAS USED, UM, FOR THE COLLECTIVE PROJECT, WHICH GIVES US A, A CURRENT BALANCE FOR APPROXIMATE BALANCE OF DISTRICTWIDE SET ASIDE FUNDS AT, UM, AROUND 3.6 MILLION.
UM, AND I KNOW I'M SUMMARIZING THE NUMBERS, BUT, UM, THE ANNUAL REPORT HAS, UM,
[01:20:01]
EXECS, UM, AS YOU NEED THEM.AND SO WHAT I'LL, UM, END WITH HERE ON THE DISTRICT WIDE, UM, SET ASIDE PAUSE, YOU KNOW, I MENTIONED THAT WE ARE NEARING THE, UM, EXPIRATION OF THIS DISTRICT TIP DISTRICT IN 2029.
UM, AND, UM, OVER THE NEXT, UM, YEAR OR TWO, WE'LL HAVE MORE DISCUSSION.
UM, THE TIP BOARD, WE'LL HAVE MORE DISCUSSION AND DIALOGUE ON, UM, IDEAS, UM, FOR PROJECTS THAT WE COULD POSSIBLY USE OR PUT TOWARDS, UM, UH, USE THE DISTRICTWIDE SET ASIDE FUNDS.
SO THERE'LL BE MORE TO COME ON.
AND QUESTION REAL QUICK, WOULD THOSE BE, UM, YOU KNOW, LIKE WHEN WE BROUGHT IDEAS BEFORE GROUP, LIKE THOSE CAN COME FROM THE SET ASIDE FUNDS? LIKE IF I'M LIKE, HEY, I LIVE IN THIS NEIGHBORHOOD, I WOULD LIKE TO IMPROVE THIS, WE'VE GOT $3.6 MILLION, CAN WE USE THAT MONEY FOR THIS? I THINK AS LONG AS THE, SO YOU KNOW WHAT, WE'RE OPEN TO IDEAS AND WHAT WE DO IS WE REVIEW THEM AGAINST THE TIF PROJECT PLAN, UM, RIGHT.
AND SO I KNOW WE DO HAVE AN EXISTING LIST, AND I BELIEVE THE PREVIOUS MANAGER OVER THE, UM, WARD OR, OR OVER THE TIF DISTRICT, UM,
AND SO I STILL HAVE THAT LIST.
UM, AND AS WE MOVE FORWARD AND KIND OF HAVING MORE DETAILED CONVERSATIONS ON THE DISTRICT WIDE SET ASIDE, UM, KIND OF FUN IDEAS, I HAVE THAT LIST TO SEE IF THERE'S ANYTHING THAT WE COULD POSSIBLY PULL FROM THERE, UM, AND KIND OF KEEP RUNNING WITH IT.
SO YEAH, IT WAS LIKE A YEAR AGO, A FEW OF US CAME OVER WITH THAT LIST.
AND THAT WAS A ONE BRAINSTORMING EVENT.
I THINK THERE FEW TIMES BE, DO MORE OF THAT AND, AND TAKE THE NEXT STEP OF IT, SO.
SO AT LEAST FOR NOW, LIKE IT'S NOT ON THE AGENDA, SO WE CAN'T REALLY TALK SPECIFICALLY INTO IT, BUT JUST KNOW THAT THAT'S ON MY RADAR.
THE COLLECTIVE PROJECT, I GUESS IT'S CALLED.
UM, SO THIS IS LIKE A CONTINUING PROJECT EVERY YEAR THAT HAS FUNDING NEEDS, AND THAT'S WHY WE'VE SET ASIDE 20% OF THE, UM, NOT THIS PROJECT, BUT THIS IS, UM, THE COLLECTIVE PROJECT RECEIVED.
THE COLLECTIVE PROJECT RECEIVED SOME SET ASIDE FUNDS, BUT IT IS WHAT THE FUNDS THAT HAVE BEEN SET ASIDE FOR THAT ARE, ARE ALREADY THERE.
SO WHAT'S THE, WHAT'S OR LIKE, YEAH, SO IT'S, THAT PROJECT IS NO LONGER GOING TO, AT LEAST FOR WHAT WE SEE, WON'T ASK FOR MORE, UM, SET ASIDE FUNDS, WHATEVER WAS ALLOCATED FOR IT HAS BEEN OKAY.
I IT LEADS TO ANOTHER QUESTION, THOUGH.
THE SET, THE TIP, DISTRICT Y SET ASIDE, I SAID THIS, WHY IS IT BEING SET ASIDE AND WHAT IS IT SET ASIDE FOR? SO CAN I CHANCE? SO WHEN 56 SET UP, IT WAS SET UP IN THOUSAND 7, 7 8 TIME DURING THAT TIME, THE MAIN INTENT IS TO READ ABOUT THE AREA, PROMOTE WALKABILITY AND CONNECTIVITY.
AND WHAT HAPPENS IS WHEN THE DOLLAR PORT COMES IN, THEN THEY COME IN, WE HAVE A DESIGN GUIDELINES, WE, WE ASK THEM TO PARTICIPATE, UH, LOOK AT THE DESIGN GUIDELINES AND PROVIDE THEM WIDER SIDEWALKS AND WHICH ENCOURAGE THE WALK BURNING.
HOWEVER, THESE MIGHT BE FOUR OR FIVE OUT OF THIS ENTIRE DISTRICT.
REST OF THE DISTRICT MAY NOT HAVE THE SAME THING WHERE IT IS A VIRUS,
FOR THAT REASON, WE STARTED, UH, SETTING ASIDE AS THE DISTRICT WAS CREATED IN 20%, OR EVEN FOR THIS, BECAUSE IT USED TO BE 10% BEFORE NOW WE BECAME 20% THAT THOSE FUNDS ARE MAINLY TO, UH, HAVE A DISCUSSION WITH THE TIP BOARD AND SEE WHAT COULD BE DONE TO READ OUT THE AREA IN TERMS OF
SO BASED ON THE PROJECT PLAN THAT, UM, NATALIE TALKED ABOUT BEFORE, SO THIS IS SOMETHING YOU WILL BE, WE WILL BE HAVING SOME MEETINGS WITH YOU SO THAT YOU CAN LOOK AT THE PROJECT PLAN AND WHAT YOU WOULD LIKE TO DO IN THE NEXT COUPLE OF YEARS BEFORE THE DISTRICT SUNSETS.
SO SET ASIDE IS NOT FOR A PARTICULAR PROJECT.
YOU SAID THIS, JUST THIS TO SINK IN, SO YEAH, NO, NO.
DEVELOPERS ARE GONNA COME IN HERE AND SAY, I'VE GOT A GREAT IDEA, LET'S MAKE ALL THE SIDEWALKS SPREAD.
AND THERE'S WHAT, FOUR 3.6 MILLION? THREE $6 MILLION AND 20%
[01:25:01]
YOU.WE WE'RE STILL ON PAGE, UM, 15.
UM, AND THIS IS, UH, THE MAIN PIECE TO THE ANNUAL REPORT.
UM, THIS SECTION COVERS, UM, THE VALUES AND THE INCREMENT BEING GENERATED.
UM, THE 2025 ASSESSED VALUE, UH, FOR THE TIF DISTRICT WAS JUST OVER $1.474 BILLION.
UM, THIS WAS A SMALL INCREASE FROM LAST YEAR'S, UM, VALUE, UH, THE INCREASE WAS JUST UNDER A 1%.
UM, AND THE ESTIMATED TO BE COLLECTED INCREMENT, UM, FOR FISCAL YEAR 2025 AND 2026 IS AROUND 5.5 MILLION.
THE NEXT, UM, PARTS WHICH FOCUS ON PAGE 16 AND 18 COVER HOW WE ARE MEETING THE GOALS AND OBJECTIVES OF THE TIF DISTRICT.
AND WE MENTIONED THAT PROJECT PLAN OR THE TIF DISTRICT PLAN, UM, EARLIER.
I'M NOT GONNA GO THROUGH, UM, EACH ONE OF THESE INDIVIDUALLY, UM, BUT I WILL SHARE THAT, UM, WE ARE, UH, MAKING STEADY PROGRESS, UM, TOWARDS, UM, OUR GOALS.
UM, BUT IF YOU HAVE, UM, IF YOU'VE REVIEWED IT AND HAVE ANY QUESTIONS ABOUT IT, FEEL FREE TO ASK THEM NOW OR WE CAN GET TO THEM.
UM, AT THE END OF, UM, MY WALKTHROUGH, I'M, THIS MIGHT BE THE PLACE FOR MY QUESTION, AND IF NOT, I CAN'T WAIT TILL THE END.
BUT, UM, THAT CORNER, OH, I GUESS, I GUESS THE BROAD QUESTION IS WHERE WOULD BE THE APPROPRIATE, UH, TIME, PLACE OR PROCESS TO CONNECT PRIVATE OWNERS TO THE BOARD FOR RECOMMENDATION FOR FUNDING? OKAY.
TO MEET OUR GOALS AND MISSION.
SO IF YOU HAVE A DOLLAR WHO'S INTERESTED IN ONE OF THE PARTS, YOU CAN ALWAYS SEND IT TO US.
THEN WE WILL HAVE A DISCUSSION.
UH, NATALIE AND I TYPICALLY HAVE A MEETING WITH THEM, TRY TO UNDERSTAND WHAT ARE THEY DOING, WHAT ARE THEY PROPOSING.
SO AT LEAST FROM THE, FOR THE LAST ONE YEAR, I CAN SAY THAT WE HAD
IF YOU'RE SPEAKING, WE CAN'T HEAR YOU.
UM, CAN YOU HEAR ME OKAY? I COULD HEAR HER JUST FINE.
WELL THEN I, I COULDN'T HEAR HER.
SO TAMARA, YOU KNOW THIS, WHAT I WAS SAYING IS WE HAD A LOT OF MEETINGS FOR THE PAST ONE YEAR.
UM, WE ALWAYS ENCOURAGE THE DEVELOPERS TO COME IN AND TALK TO US.
WHAT ARE THEY PROPOSING AND DOES IT FIT THE PROJECT PLAN OR NOT? ONCE WE KNOW, THEN WE, WE'LL PROVIDE THEM WITH THE INCENTIVE APPLICATION, ENCOURAGE THEM TO SUBMIT, AND THEN IT'LL, IT'LL GO THROUGH THE UNDERWRITER'S REVIEW AND EVERYTHING.
BUT IF YOU KNOW ANY DEVELOPER WHO WOULD LIKE TO DO A PROJECT IN THE D DISTRICT, PLEASE SEND THEM TO OUR WAY.
THEN WE WILL TALK TO THEM AND MAKE SURE THEY UNDERSTAND WHAT'S THE GOAL OF THE DISTRICT, AND ALSO HOW DO WE CONNECT THAT.
DOES THAT ANSWER YOUR QUESTION? YEAH, THAT IS, SO I'LL JUST, I'LL CONNECT, UM, BECAUSE I HAVE ON MY LIST TO REACH OUT TO SUZANNE GRANDE, SHE'S THE OWNER.
AND IF YOU GUYS ALREADY HAVE JUST STOP ME, BUT SHE'S THE OWNER AND DEVELOPING THE HARD CORNER ACROSS FROM SYLVAN 30, THAT 7 39 FORT WORTH WITH THE RESTAURANT.
HAVE Y'ALL BEEN IN CONTACT WITH HER YET? SO, UH, DID THE PROJECT ALREADY STARTED, DID THEY ALREADY BREAK THE GROUND? THE GROUNDWORK? THE GROUNDWORK, YEAH.
IF THEY HAVE ALREADY STARTED, THEN THEY'RE NOT ELIGIBLE.
TYPICALLY SEND US THE DETAILS AND WE CAN AT LEAST LOOK AT IT.
BUT TYPICALLY THE WAY IT WORKS IS, BUT FOR CLAUSE, WITHOUT THE INCENTIVES FROM THE CITY THAT THESE PROJECTS CANNOT TAKE PLACE, THAT'S THE MAIN REASON FOR THE, FOR THE DIFF INCENTIVES.
SO IF THEY HAVE ALREADY GOT THEIR PARTNERS, AND YEAH.
WELL, AND THAT'S KIND OF WHY I WAS THINKING ABOUT HER, BECAUSE SHE'S, SHE'S BEEN TRYING SINCE 2017 TO GET THIS DEAL GOING.
AND, UM, SHE DID GET THE GROUNDWORK DONE, BUT IT SEEMS TO BE SLOWING DOWN.
AND WE JUST WANNA MAKE SURE THAT IF WE HAVE BALANCE, LIKE WE'VE BEEN WAITING ON THIS CORNER FOR A LONG TIME.
SO I'LL REACH OUT TO HER AND THEN CONNECT WITH Y'ALL.
[01:30:01]
THANK YOU.UM, WHAT LATITUDE DO WE HAVE TO TALK ABOUT WHAT WE'RE TALKING ABOUT THE DISTRICT TO DEVELOPERS AND LIKE, DOES THAT STOP WHEN THERE'S ACTUALLY GEAR? I, I SERVED ON THE BOARD OF ADJUSTMENT FOR A WHILE, AND THAT WAS QUASI DIGITAL WORK.
YOU COULDN'T TALK TO ANYONE ABOUT ANYTHING.
WHAT ARE THE RULES WE LIKE, TO WHAT EXTENT CAN WE GO AHEAD, ASK THE QUESTION? YEAH.
SO THE WAY I NINE PROGRAM IS THE PROJECT HAS TO BE COMPLETED IS, UH, THERE IS A DIFFERENCE BETWEEN THE BOARD OF, TO HERE, RIGHT HERE, YOU NON QUASI GOVERNMENT, YOU'RE A ADVISOR.
ON TOP OF IT, THE DEVELOPER HAS A LOT OF STRENGTH ATTACHED.
THEY HAVE TO COME IN AND ENSURE THAT THERE IS A GAP, WHICH CANNOT BE DONE WITHOUT THE CITY INCENTIVES.
SO, AND THEY HAD INVEST THEIR OWN FUNDING INTO THE PROJECT, AND AFTER COMPLETION OF THE PROJECT AND MEETING ALL THE OBLIGATIONS, THEN, THEN ONLY WE'LL RELEASE THE FUNDING.
SO THAT BEING SAID, YOU CAN, UH, LIKE, UH, EARLIER BOARD MEMBER SAID SHE KNOWS SOMEONE AND SHE WILL DEFER THE DOCTOR TO US.
LIKEWISE, IF YOU KNOWS SOMEONE, YOU CAN ALWAYS FEEL FREE TO SEND THEM OUR WAY.
THEN WE WILL HAVE A DISCUSSION WITH THEM AND SEE WHAT CAN BE DONE TO HELP HER.
IF THEY'RE TALKING TO YOU ABOUT THE DEAL AND ASKING YOUR OPINION ON IT, LIKE, OR WE ALLOWED TO EXPLAIN, IF SOMEONE SAYS, I HAVE THIS GREAT IDEA, AND THIS IS SOMETHING THAT THIS BOARD WOULD LOOK AT, HOW DO YOU, LIKE, WHAT DO YOU GUYS CONSIDER WHEN YOU'RE MAKING THESE EVALUATIONS? WHAT'S STAFF LIKE? LIKE WHAT'S WHERE THE GUIDELINES HERE.
SO WHEN IT COMES TO YOUR ROLE, UNLESS YOU HAVE A FINANCIAL OBLIGATION, YOUR, YOU ARE, YOU ARE WELCOME TO TALK TO THEM.
IF YOU ARE FINANCIALLY INVOLVED, THEN, SO I DON'T THINK YOU ARE, UH, NOT LIKE, NOT LIKE BOARD OF, THAT'S WHAT I'M TRYING TO TELL, OKAY.
AND THEN OUTSIDE OF MEETINGS, BOARD MEMBERS SHOULD PROBABLY NOT TALK TO EACH OTHER, ESPECIALLY IF THERE'S LIKE FOUR OF US, RIGHT? BECAUSE IF YOU, ALL OF YOU GO TO A RESTAURANT WITHOUT NOTIFYING EACH OTHER, THAT'S A DIFFERENT, BUT ALL OF YOU, WE, AND IT BECOMES, IT REQUIRES THE PUBLIC NOTICE AND REQUIRES A QUORUM, THINGS LIKE THAT, THAT ARE ATTACHED TO THE, UH, OPEN MEETING ACT.
RIGHT? THAT'S WHY YOU GET EMAIL JUST KIND OF DIRECTLY RIGHT FROM ME AND NOT GROUP EMAILS AND SORRY.
AND THEN SORT OF IN THE SAME VEIN, UM, AND AGAINST BOARD OF ADJUSTMENT DERIVATIVE, UM, YOU COULDN'T BE LOBBED EVEN COULD EVEN BE TOLD BY OUR OWN COUNCIL PERSON HOW THEY WOULD LIKE US TO VOTE ON A CASE.
I DON'T KNOW IF THAT COMES UP HERE, BUT IF OUR CITY COUNCIL PERSON SAYS, OKAY, YOU TRUE, BECAUSE THERE IS A FUNDING, CITY FUNDING INVOLVED, THOSE RULES ARE OKAY.
SO WE CAN'T BE, WE CAN'T BE LOBBIED, AND NO ONE CAN TELL US HOW ABOUT IT.
AND I'M GONNA MOVE, UM, THINK WE'RE ON PAGE 18.
THIS PROVIDES A YEAREND SUMMARY, UM, OF MEETINGS.
UH, KNOW THE ONLY MEETING WE HAD, UM, IN FISCAL YEAR 20 24, 20 25 WAS, UM, ESSENTIALLY THE MEETING LIKE THIS IN DECEMBER 3RD, 2024.
UM, BUT, UH, PLEASE REVIEW IT AND LET ME KNOW IF ANYTHING, UM, IS OFF.
AND THEN ON THE NEXT PAGE, PAGE 19, UM, IT SUMMARIZES, UH, ITEMS CITY COUNCIL ITEMS OR ITEMS THAT WENT TO CITY COUNCIL THAT ARE RELATED TO THE 10TH DISTRICT.
UM, AND THERE WERE THREE DIFFERENT ITEMS. WELL, THE FIRST ITEM WAS, UM, THE, UH, APPROVAL OF, UH, THE ANNUAL REPORT FOR FISCAL YEAR 20 20, 24.
UM, VERY, UH, STANDARD, UM, ITEM THAT WENT TO COUNCIL.
UM, THE NEXT ITEM THAT WENT TO COUNCIL IN MAY OF 2025 WAS, UM, THIS WAS LED BY OUR, UM, HOUSING DEPARTMENT.
UM, BUT IT WAS, UM, THE APPROVAL OF A CONVENTIONAL GRANT, UH, IN THE AMOUNT OF 2 MILLION, UM, FOR, UM, O HOLLO PARTNERS.
UM, BUT THEY, UM, THE REASON FOR THE GRANT, OR THEY WERE, UH, IT'S ASSOCIATED WITH COSTS THAT THEY'RE REQUIRED, UM, TO DO ONSITE AND OFFSITE WASTEWATER INFRASTRUCTURE AND STREET SCAPE IMPROVEMENTS.
UM, AND IT IS IN CONNECTION WITH THE DALLAS PFC PROJECT THAT I MENTIONED EARLIER, THE CAROLINE.
UM, AND THEN THE LAST COUNCIL ITEM, UM, THAT WENT, OR THE LAST ITEM THAT WENT TO CITY COUNCIL RELATED TO THE DIS DISTRICT,
[01:35:01]
UM, IN SEPTEMBER OF 2025, UM, WAS AN AMENDMENT TO THE DEVELOPMENT AGREEMENT FOR, UM, OSA.UM, FORMERLY WE VIAS AT WESTERN UM, HEIGHTS.
AND THE ONLY PENDING ITEM THAT WE HAVE, UM, FOR CITY COUNCIL OR TO BE CONSIDERED BY CITY COUNCIL, IS THE APPROVAL OF, UM, THIS ANNUAL REPORT, WHICH IS
UM, THIS PAGE 20 AND 21, UH, PROVIDE AN OVERVIEW OF THE BUDGET AND SPENDING STATUS OF THE DISTRICTS.
UM, THE INFORMATION IS PRESENTED IN, UM, CHARTS THERE IN THIS SECTION.
YOU CAN ALSO, UM, ON PAGE 21, IT ALSO COVERS, UM, MWBE PARTICIPATION IN PROJECTS.
UM, SO THIS CHART CAPTURES PROJECTS THAT, UM, COMPLETED CONSTRUCTION OR WERE APPROVED BY CITY COUNCIL BEFORE JUNE, 2025.
UM, PRIOR TO JUNE, 2025 OF THIS YEAR, UM, TIF DISTRICT PROJECTS WERE REQUIRED TO FOLLOW THE CITY'S, UM, BUSINESS INCLUSION AND DEVELOPMENT POLICY AND MAKE GOOD EFFORTS TO INCLUDE NWBE MINORITY AND WOMEN OWNED BUSINESSES IN THEIR PROJECTS.
UM, BUT I DO WANT TO NOTE THAT AS OF, UM, JUNE 25TH, 2025, THE CITY OF GALAXY STEM FORCING ITS BID POLICY, UM, INCLUDING THE MWB SUBCONTRACTING, UM, GOALS, SO IS IT SMALL BUSINESS CONTRACTING? THIS IS CONFIRM.
UM, WE HAVE A NEW POLICY COMING UP.
SO THIS, THIS, I, I ALWAYS GET A LITTLE TRIPPED UP ON PAGE 20.
UM, BACK TO THE PAGE 20, BUDGET AND SPENDING STATUS.
UM, TOTAL PROJECT COST 1 4 9, 9 60, THAT NUMBER.
WHERE IS THAT NUMBER COMING FROM? CAN YOU JUST HELP ME REAL QUICK? YES.
UM, SO LET ME GO A LITTLE BIT FURTHER DOWN.
THIS IS THE ONE, WHEN THE TIP WAS CREATED IN 2008, WE HAD A PLAN, IF THE DISTRICT PERFORMED TO THE CAPACITY THAT WAS ENVISIONED, THIS IS WHAT IT WAS FOR $2,008, THAT IS 69.4 MILLION IN $2,008, THEN YOU CONVERT THAT INTO 2020 $5, IT IS 149.9 MILLION.
SO THE TOTAL CAPACITY OF THE DISTRICT PARTICIPATE IS PARTICIPATING JURISDICTIONS THAT IS COUNTY AND THE CITY, INCLUDING THAT WE ANTICIPATED THIS IS LIKE A VISIONING FOR THE ENTIRE DISTRICT, FOR THE TERM OF THE DISTRICT.
AND THE CAPACITY IN 2008, WE ENVISIONED THAT IT'LL BE 69.4 MILLION CONVERTING INTO TODAY'S DOLLARS.
IT IS 149.9 MILLION, RIGHT? NOT, THAT DOESN'T MEAN THAT WE HAVE 149 MILLION SITTING IN THE BANK ACCOUNT.
DOES THAT ANSWER YOUR QUESTION? ARE WE, AND DO Y'ALL, DO Y'ALL STILL THINK WE'RE ON TRACK TO CAPTURE 1 1 4 9 BY 2029? OBVIOUSLY NOT, BECAUSE WE ARE JUST TWO YEARS FROM IT.
WHEN YOU GO BACK TO THE FRONT FIRST FEW PAGES THAT, UM, NATALIE HAS WALKED US THROUGH, WE ARE AROUND 69.5% TO REACH THE GOAL.
SO THAT'S WHERE, UM, IT COMES FROM.
SO AGAIN, IT'S THE GOALS SHE PROVIDED, THE KHER LIKE PERCENTAGES, HOW FAR WE ARE, WHAT DID WE ENVISION WHEN WE CREATED THE DISTRICT, THINGS LIKE THAT.
SO THIS TALKS IN TERMS OF THE TABLE FORM SAYING THAT, HEY, THIS IS WHAT WE THOUGHT.
HOWEVER, WE ARE, UH, SHORT OF COUPLE OF MILLION DOLLARS.
AND OUR ACTUAL CASH ON HAND IS AT THE VERY END IN OUR, IN OUR BALANCE SHEET, CORRECT? YES.
AND I'LL TOUCH ON THAT HERE, UM, SHORTLY AS WELL.
PAGE 21, UH, PROVIDES AN OVERVIEW OF THE WORK PROGRAM FOR FISCAL YEAR 2025 THROUGH 2026.
UH, AND OUR WORK PROGRAM INCLUDES, UM, YOU KNOW, SUPPORTING THE IMPLEMENTATION OF THE FORT WORTH AVENUE CHIP DISTRICT PLAN.
WE'LL CONTINUE TO WORK TO COORDINATE PUBLIC IMPROVEMENT EFFORTS,
[01:40:01]
UH, YOU KNOW, INCLUDING ASSESSING PUBLIC FACILITY NEEDS.UH, WE'LL CLOSE OUT AND PROCESS THE DISBURSEMENT AND ELIGIBLE, YOU KNOW, UPON COMPLETION AND REVIEW FOR THE VISTA KESSLER, STEVEN RETAIL REDEVELOPMENT PROJECT.
AGAIN, THAT ONES SO UNDER CONSTRUCTION, BUT WE HOPE, UH, FOR IT TO BE, UM, COMPLETE BY THE END OF QUARTER OR TWO OF THIS YEAR.
UH, WE'LL CONTINUE TO COORDINATE, UM, OR WE'LL COORDINATE WITH THE CITY OF DALLAS FIRE RESCUE DEPARTMENT, UM, IN SUPPORT OF REDEVELOPMENT EFFORTS OF FIRE STATION 45.
AND, UM, WE'LL COORDINATE WITH HAROLD SIMMONS PART AND SUPPORT ADJACENT DEVELOPMENT, UM, OPPORTUNITIES.
SO THAT'S OUR WORK PROGRAM AND WHAT WILL BE, UM, WORKING TOWARDS, UM, IN THIS UPCOMING FISCAL YEAR.
PAGES 23 TO 26 ARE, WE'RE REQUIRED TO REPORT BY STATE LAW.
UM, WE'RE NOT GONNA GO THROUGH THE FINANCIALS LINE FOR LINE BECAUSE WE'D BE HERE FOR A LONG TIME, BUT I'M GOING TO HIGHLIGHT, UM, A FEW THINGS OR POINT OUT A FEW THINGS THAT I WANTED, UM, TO POINT OUT.
ON PAGE 27, UM, IT TALKS ABOUT, UM, THE FINANCIAL OBLIGATIONS AND ESTIMATED PAYOFF, UM, FOR AND FUNDING.
UM, AND WE DID MAKE FINAL PAYMENT IN THE AMOUNT OF 4.178 874 MILLION FOR THE MARIOSA FORMALLY VIA THAT WESTERN HEIGHTS PROJECT.
WE DID THAT IN FEBRUARY OF 2025 IN THIS LAST FISCAL YEAR.
UM, AND, UM, ARE ANTICIPATING TO MAKE PAYMENT UPON COMPLETION, UM, AND VERIFICATION THAT ALL PROJECTS CONDITIONS WERE MET AND SATISFIED, UM, FOR THE VIS KESSLER STEVENS PROJECT.
UM, SOMETIME IN FISCAL YEAR 20 25, 20 20, UM, SIX.
AND THE EXISTING CASH ON HAND AVAILABLE FOR PROJECTS, UM, IS AROUND 8.5 MILLION.
UM, SO THAT'S WHERE WE ARE WITH THE FINANCIALS.
WHERE'S THAT 8.5 MILLION NUMBER? IS IT ON, IS IT CALLED OUT OR THAT'S JUST KIND OF PENCILED.
THE QUESTION ABOUT
UM, CAN YOU THAT WELL, WHERE'S THIS, WHERE'S THE SITTING THAT IT'S ONLY MAKE 2% IF YOU JUST BOUGHT UP, UM, SITTING, SITTING? DO YOU SEE TIKI ON THE TEAM? UM, I DON'T THINK TK JOINED.
I CAN GET YOU MORE INFORMATION BECAUSE OUR FINANCIAL TEAM ADDRESS THOSE.
IT JUST SEEMS LIKE YOU CAN BUY A BOND AND GET FOUR, RIGHT? MM-HMM
THAT'S, THAT MEANS, UM, I HAVE ANYONE FROM OUR FINANCE TEAM JOIN, BUT THEY DO TAKE THE LEAD ON OUR TOOLS.
CAN YOU, DO YOU HAVE YOUR JUST SEARCH A BECAUSE TO SEE ON, ON PAGE, UM, 29, IT PROVIDES SO MUCH OUR COLLECTING, BUT IF WE AGGREGATE OR NOT, THAT'S WHAT I NEED TO SEE.
BUT I'M GOING TO GET, GET BACK TO YOU.
HOW ABOUT THAT PAGE 29 ON PAGE 29? YOU'RE TALKING ABOUT MAYBE PAGE 25, UM, ON THAT? NO, THE PACKET ON PICTURE 20 BEFORE HUNDRED.
YEAH, BECAUSE IT SHOWS THE PAGES INCLUDING THE AGENDA.
SO WHEN YOU SEE HERE, YOU WILL BE ABLE TO SEE THE SOURCES OF REVENUE.
HOW MUCH HAVE WE TOTAL REVENUE THAT HAS BEEN COLLECTED.
UH, THAT'S WHERE WE ARE AND WE WORK, UH, AND WE WORK CLOSELY WITH OUR FINANCE TEAM.
UM, AND I KNOW, UH, JUST OUT OF TWO WEEKS AGO, THEY SHARED WITH ME, UM, JUST AN INTERNAL PROCESS THAT WE DO TO CALCULATE CASH ON HAND.
I MEAN, THAT IS WHERE THE 8.5 MILLION IS, UM, COMING FROM.
AND THAT 8.5 MILLION, UM, ALREADY ACCOUNTS.
SO WE, WE ALREADY SET ASIDE THE MONEY THAT WE STILL HAVE TO PAY TO THE VISTA AT KESSLER STEVENS PROJECT.
SO THERE IS LIKE, AS OF TODAY,
[01:45:01]
8.5 MILLION ROUGHLY CASH ON HAND FOR UM, PROJECTS.BUT WE CAN FOLLOW UP WITH, UM, JUST MORE KIND OF DETAILED RESPONSES.
IS IT YOUR, IS A 3.6 0.3 0.6, UH, SINUS STEPSIDE FUNDS PART OF THAT? NO.
OH, SO, SO REALLY WE HAVE 3.6 PLUS THE EIGHT.
BUT EACH FUND HAS ITS, YOU KNOW, VERY SPECIFIC PURPOSE, RIGHT? OR IT'S REALLY LIKE 12 MILLION BETWEEN THE TWO FOR SURE.
SO HERE'S OUR 10% TO HOUSING INCENTIVES.
AND THAT'S NOT A STREET THAT IS ALSO ALREADY OUTSIDE OR OKAY.
THE, WE'VE ALREADY THE, WHAT IS IT, THE 8.5 ALSO DOES NOT COUNT FOR WHAT WAS ALREADY SET ASIDE FOR THE HOUSING OR FOR HOME OWNERSHIP PROGRAMS, THINGS LIKE THAT.
WHEN YOU LOOK AT IT AS THE BUCKET, SO
SO THOSE FUNDS ARE SEPARATE COMPARED, UH, FUND FUNDS.
SO ARE THESE JUST FINANCIALS OR JUST FOR PROJECT FUNDS, OR, OR THIS IS FINANCIALS FOR
SO THIS, IS THIS, SOMEWHERE IN HERE IS THE 10% SATISFIED.
WELL THAT CONCLUDES MY WALKTHROUGH OF, OF THE ANNUAL REPORT.
UM, THANK YOU OFFER FOR BEING ENG ENGAGED AND FOR THE, THE QUESTIONS.
UM, BEFORE WE, UM, KIND OF MOVE ON, IS THERE ANY ADDITIONAL QUESTIONS THAT ANYONE WANTS TO ASK AT THIS TIME RELATED TO THE ANNUAL REPORT? I, MY QUESTION, UM, ARE YOU, WELL, ARE YOU, ARE YOU ALLOWED TO ALLOCATE TOIF FUNDS OUTSIDE OF THE DISTRICT? LIKE DISTRICT ADJACENT? I DON'T THINK SO.
I THINK THEY, IT HAS, THE TOIF FUNDS HAVE TO BE USED WITHIN THE, THE TIP BOUNDARY.
UM, CAN WE TALK MORE ABOUT THE FOUR DEVELOPERS THAT CAME AND LIKE TALKED TO Y'ALL ON THE PROJECTS THAT THEY WERE INTERESTED IN? JUST, YES.
UH, CAN I ASK YOU ONE THING? SO ONCE THIS IS DONE, WE WILL STOP RECORDING IT AND THEN GO ON WITH THE DISCIPLINE.
CAN WE TALK ABOUT IT? I DON'T THINK SO.
IT'S NOT PART OF THE AGENDA, SO I'M SORRY.
YEAH, WE CAN'T TALK TOO MUCH DETAIL.
WHAT, WHAT, UM, IT'S COVERED AND WE'RE KIND OF REALLY LIKE PRELIMINARY WITH A LOT OF THINGS.
UM, BUT ONCE WE GET KIND OF INTO THE WEEDS, UM, WE ALL WILL BE MADE KNOWN AND, YOU KNOW, IF ANYTHING AS ABOVE FOR THE BOARD AND PRESENTED WITH YOU ALL, UM, JUST MORE, MORE THOROUGHLY.
SO AS OF 2020, AS OF 2025, THERE, THERE ARE FIVE PROJECTS THAT HAVE NOT BEEN COMPLETED.
AND THOSE ARE ALL, UM, OF SOME TYPES OF RESIDENCIES LIKE APARTMENTS, CORRECT? UH, OUT OF THE, I BELIEVE WE HAVE ONE, UM, 'CAUSE WE PUT IT IN TWO DIFFERENT LISTS.
SO PROJECTS THAT RECEIVE TIP FUNDING AND WE HAVE ONE PROJECT, UM, WITHIN THAT, UM, GROUPING THAT VISTA AT KESSLER.
STEVE IS STEVENS PROJECT THAT'S STILL UNDER CONSTRUCTION.
THE OTHER LIST OF PROJECTS ARE PROJECTS THAT HAVE NOT RECEIVED, UM, TIP FUNDING.
THEY'RE JUST PRIVATE DEVELOPMENTS THAT HAVE HAPPENED, UM, ON THEIR OWN.
AND I BELIEVE BASED ON THE CHART THEY'RE AROUND, UM, FOUR, FOUR TO FIVE THAT, UM, ARE STILL, UM, UNDER CONSTRUCTION OR NOT.
THE ON PAGE, EIGHT ON PAGE I JUST
THANK YOU FOR THE, AND THEN JUST KIND OF JUST ANOTHER MISCELLANEOUS, UM, 'CAUSE I'M, THIS IS MY FIRST MEETING WITH, WITH EVERYONE.
SO THE LAST MEETING WAS IN 2024.
AND IT WAS, UM, A SIMILAR AGENDA, UM, TO PRESENT THE ANNUAL REPORT.
UM, UH, YOU KNOW, UH, WE, WE, WE DO, WE WILL COVER HERE SOME SUGGESTED MEETING DATES, UM, FOR THIS UPCOMING YEAR.
UM, YOU KNOW, I WOULD LIKE TO NOTE THAT WE, UM, ONLY NEED, IF WE HAVE BUSINESS, UM, TO COVER.
[01:50:01]
I BELIEVE HERE IN THE NEXT YEAR, UM, THERE ARE GONNA BE SOME THINGS THAT WE NEED TO COVER.SO THERE MIGHT BE MORE ACTIVITY, UM, THAN, THAN WE'VE HAD, UM, IN TERMS OF MEETING, UH, YOU KNOW, IN THE LAST YEAR, NEW YEAR OR TWO.
ANY OTHER QUESTIONS? OBSERVATION, THE, ON PAGE 23, THOSE ON BALANCE AND FOR 24, 20 BUCKS.
THANK YOU FOR MAKING THAT OBSERVATION.
WE'LL, I KNOW THERE'S A NOTE IN THERE THAT SAYS LIKE, THESE ARE ALL SUBJECT TO CHANGE, BUT WE'LL GET WITH OUR FINANCE TEAM AND UPDATE AND MAKE SURE THAT'S INCLUDED BEING CONSIDERED FOR.
BEFORE WE FINALIZE, UM, I HAVE SOMETHING ON THE SECOND PAGE, IT ASKS THAT WE NOMINATE AN ELECT A VICE CHAIRPERSON.
OR IS THAT IRRELEVANT? BACK HERE? UM, SHORTLY WE'RE ON THE ITEM, UM, THE ITEM, THE ANNUAL REPORT ITEM.
I JUST FINISHED, I'M WALKING US THROUGH IT, SO, AND MORE QUESTIONS NOT, I'LL HAND OVER TO MR. I I QUESTIONS DISCUSSION MORE LIKE BROAD, LIKE IN SUCH WAY TOWARDS THE END YES.
IF IT IS RELATED TO THE ANSWER REPORT, THEN WE DISCUSS HERE.
AND IF IT IS NOT INCLUDED IN THE AGENDA, WE MAY NOT GET IT, GET TO IT.
BUT I WILL TAKE NOTES AND WILL BE PUT ON THE RADAR MOVING FORWARD.
ANY MORE QUESTIONS ON THE ANNUAL REPORT? MR. UM, SO THE RECOMMENDED ACTION IS APPROVAL AND FOR THE RECOMMENDATION OF APPROVAL TO CITY COUNCIL.
ANY OF OPPOSED? I JUST, IT WAS DEON, IT WAS YOU THAT, UM, SECONDED.
OKAY, SO THEN NUMBER FIVE, JUST TO REVIEW, UM, THE REGULAR MEETING SCHEDULE FOR THE UPCOMING MEETING.
AND I BELIEVE THE MEETINGS STILL, UM, SIT TUESDAYS.
UM, BUT WE MOVED IT UP A BIT, UM, THE THREE OF MONTH, UM, JUST TO MAYBE NOT KEEP US HERE UNTIL FIVE.
HOPEFULLY THAT'LL WORK FOR EVERYONE.
AND THEN THE THIRD QUARTER MEETING WITH ADJUSTED, UM, 'CAUSE OF THE HOLIDAYS.
SO THAT ONE'S JUST NOT ON THE FIRST TUESDAY OF THE MONTH.
SO ONE OF MY QUESTIONS IS RELATION TO THIS.
WE GOT THE SAME PAGE LAST YEAR HERE IN DECEMBER, RIGHT? AND THEN WE DIDN'T MEET AT ALL.
WE, BUT ME AND A COUPLE OTHER BOARD MEMBERS ASKED TO MEET MULTIPLE TIMES, SAID WE HAVE IDEAS.
AND I KNOW SOME OF THIS GOES WITH THE, THERE'S A LEADERSHIP CHANGE, UM, WITH DORSEY RETIRING, RIGHT? SO NOW THAT HAPPENED IN MIDDLE OF THIS, LIKE WE WANTED TO BE, WE THOUGHT WE HAD IDEAS TO DISCUSS.
I HAVE IDEAS FOR HOW WE WE CAN USE THIS RIGHT NOW.
AND IT WAS NEVER EVEN REALLY LIKE, HEY, AN EMAIL OR ANYTHING, SAME AS MEETINGS CAMPUS JUST DIDN'T HAPPEN.
UM, SO ONE, I WANNA MAKE SURE LIKE ARE WE RESPONSIBLE IN SOME WAYS TO SAY AS A BOARD WE NEED, EVEN IF THERE'S NOT BUSINESS TO DISCUSS, WE SHOULD BE IN HERE FIGURING OUT HOW DO WE USE THESE FUNDS IN THE NEXT TWO YEARS AS PART OF OUR RESPONSIBILITY TO DO THAT.
UM, AT LEAST A COUPLE TIMES A YEAR.
UH, SO I, I WANT, I WANNA PROPOSE THAT GENERALLY, LIKE LET'S BE A LITTLE BIT MORE AGGRESSIVE HERE IN SOME WAYS.
AND I, I DON'T WANNA FAST FORWARD ROLL ON.
WE MET BECAUSE WE TRIED THIS YEAR, LAST YEAR WE COULDN'T EVEN, EVEN WITH US ASKING SAY WE WANT ANY AND NEVER HAPPEN HAPPENED.
SO AS YOU KNOW, INTEGRATE, UM, BUSINESS TO CONNECT STAFF, APPRECIATE.
[01:55:01]
SO SHE'LL LET US KNOW.THESE ARE THE PROPOSED MEETING.
SORRY, YOU SAID I DIDN'T UNDERSTAND THE, IF IF THERE'S ACTIONS TO BE HELD, THEN YOU'LL REACH OUT AND SAY THAT WE'RE HAVING A MEETING.
IF NOT, THAT'S WHY I COME TO YOU AS THE CURRENT CHAIR, I GUESS.
SO
BUT WHAT I HEAR FROM ALL OF YOU IS YOU WOULD LIKE TO MEET IN ADDITION, UH, WHETHER THERE IS A GOVERNMENT PROCESS OR NOT.
IF THAT IS THE CASE, THESE ARE ALL THE FOUR MEETINGS WE ARE PROPOSING FOR THIS YEAR.
AND LET US KNOW THROUGH THE CHAIRS SO THAT, UH, THOSE WILL BE DISCUSSION ITEMS ONLY THEN NO ON ANYTHING.
SO MAYBE A GOOD SEGUE INTO THE DISTRICT WIRE.
SO LET'S HAVE THOSE DECISIONS.
AND I WOULD
I I, I WANT, THERE'S NEVER A MEETING INVITE SENT OUT HERE.
THIS IS JUST KIND OF, HERE'S A PAGE ONCE HERE, THE MEETINGS, THEN YOU JUST KIND OF KNOW THAT NEVER HAPPENS.
I WOULD PROPOSE LIKE A, A COUNTER INVITE IS SENT TO EVERYONE RIGHT NOW.
LET'S, OR I MEAN DO IT THEMSELVES, WHATEVER.
BUT LET'S HOLD THESE FOUR DATES AND THEN IT'S UP TO THE CHAIR, YOU GUYS A WEEK OUT TO SAY WE'RE CANCELING IT BECAUSE THERE'S NO BUSINESS AND WE, AND WE DON'T WANT TO GET TOGETHER.
BUT I WOULD LIKE TO AT LEAST TWICE A YEAR, EVEN IF THERE'S NO BUSINESSES COMES UP, LIKE LAST YEAR WE'RE GONNA GET TOGETHER THIS ROOM AND BRAINSTORM HOW WE COULD USE THESE FUNDS AND WHY USER OUT THERE OR WHO WE TO GET TO THE TABLE.
GOOD QUESTIONS TODAY THAT WE'VE BEEN ASKED THAT WE CAN'T TALK ABOUT BECAUSE THEY'RE NOT ON.
SO, SO THE MECHANISMS FOR MEETING OCCURRING ARE MEETING.
STAFF SAYS WE NEED TO HAVE IT.
IS THERE ANY OTHER WAY TO CALL AGAIN? UM, I DON'T THINK SO.
'CAUSE WE, THE, THE BOARD WE'RE ON, WE'RE LIKE THE STAFF TIME COORDINATOR, SO WE'RE REQUIRED TO BE AT THE MEETINGS.
UM, SO IT KIND OF ALL HAVE TO HAPPEN.
I DON'T THINK THERE'S YOU, YOU GO TO A COFFEE SHOP.
WE ARE NOT GOING TO COME UP TO YOU, BUT, YOU KNOW.
NO, I'M TALKING ABOUT ONE, THE FORMAL MEETING.
YEAH, FORMAL MEETING HAS CHAIR CALL.
THERE'S NO, LIKE THREE MEMBERS OF THE BOARD AGREE OR IT'S NOT LIKE I, I GET YOU, LIKE I'M TRYING TO COMPARE YOU WITH CBC OR BOARD OF ADJUSTMENTS WHERE COUNCIL OR SOMEONE CAN CALL FOR A MEETING.
ANY OTHER QUESTIONS? THANK YOU ALL FOR SHARING.
YEAH, WE'RE ON THE SCHEDULED OR THE PROPOSED SCHEDULE FOR MEETING DATES IN 2026.
ANY OTHER QUESTIONS? I DON'T THINK SO.
UH, IS THERE MOTION TO APPROVE THE, UH, MEETING SCHEDULE? DO APPROVE SCHEDULE? HAVE WE, ARE WE APPROVING IT AS THESE ARE PLACED ON OUR CALENDAR? WE WE ARE PLANNING YES.
INSTEAD OF LIKE, I WASN'T THERE LAST YEAR, FIVE MEETINGS, UNLESS SPECIFIC I THINK THE CHAIR SHOULD BE CALLING IT OFF BECAUSE YOU GUYS SAID THERE'S NOTHING TO DISCUSS AND WE HAVEN'T BROUGHT ANYTHING.
I, THAT'S HOW, THAT'S HOW I'D LIKE TO ADJUST.
IT MUST BE ACTION TAKEN NOT TO HAVE.
EXCEPT SEPTEMBER 8TH DAY IS THE DAY AFTER LABOR DAY TO IMAGINE SOME VOTES ARE TAKING OFF THAT WEEK.
MAY BE DIFFICULT TO GET FULL ATTENTION.
SO IF IT IS NOT SEPTEMBER 8TH, UH, DO YOU WANT TO GO INTO THE NEXT TUESDAY? YES, I WOULD AGREE ON THE SEPTEMBER 8TH DATE.
IF THESE WERE ALL INCLUSIVE, UM, BEING PRESENTED, THEN HOW ABOUT SEPTEMBER 15TH? YEAH, SEPTEMBER 15TH PM AND THEN I'M SORRY I, IT MAY JUST BE ON MY END, BUT IT'S A LITTLE HARD TO FOLLOW WHEN THE CONVERSATIONS ARE IN THE, THE ROOM AND THERE'S MULTIPLE PEOPLE TALKING.
SO, UM, I I THINK WHAT WAS BEING PRESENTED AT WAS THAT THE,
[02:00:01]
THESE DATES ARE GOING TO BE HELD.WE'RE, WE'RE PRESENTING 'EM AS IF THEY'RE GONNA BE HELD NO MATTER WHAT, UNLESS THEY'RE BEING CALLED OFF THE WEEK BEFORE.
I WAS JUST A LITTLE CONFUSED 'CAUSE I KNOW THERE'S A A LOT OF GOING BACK AND FORTH.
UM, THE VOICES
IT'LL BE, IF THERE IS NO DISCUSSION ITEM OR NO ITEMS TO DISCUSS, THEN IT'LL BE CANCELED AFTER SENDING AN EMAIL TO THE CHAIR.
JUST MAKING SURE EVERYTHING WAS CHANGED.
I THINK YOU GIVE US A CHANCE TO SAY LIKE A COUPLE WEEKS OUT YOU SAY, WE DON'T HAVE ANYTHING.
WE, I'M GOING TO CANCEL THIS OR CHAIR WILL CANCEL IT.
WE DON'T HEAR ANYBODY, SOMETHING LIKE THAT.
YEAH, WE FULL SIDES FOR THE CHANCE.
THREE DAYS AHEAD ASIDE, WE HAVE A POST AGENDA THAT MEANS AT LEAST TWO WEEKS PRIOR, THE MEETING WILL BE, AND AGAIN, THESE ARE SUGGESTED DATES, RIGHT? SO JUST EVEN LIKE THE MEETING TO TODAY, WE HAVE TO, TO GIVE A DATE AND WE'RE COMMUNITY BACK AND FORTH.
AND ON THAT WE HAVE THESE, THESE STATE HOLDERS, UM, AS NEEDED FOR MOVING FORWARD, WE FORWARD BACK TO THE MOTION.
AND SO YEAH, WE GOTTA REVISE THOSE.
A MOTION TO APPROVE THE TENTATIVE DATES, UH, WITH THAT SHAKE AS LISTED, WITH THE EXCEPTION OF A CHANGE TO SEPTEMBER 15TH.
SO THAT BRINGS US TO NUMBER SIX.
UH, NOMINATION ELECTION OF AV BIAS CHAIRPERSON.
AND WE'LL KIND OF LET YOU ALL, MAYBE YOU CAN GO BACK, BUT, UM, YOU'RE, IF YOU WANT TO, YOU CAN SELF NOMINATE.
IT'S ALSO OKAY, MR. TIKI, IT'S, UM, REELECTED.
UM, BUT WE CAN, UM, DISCUSS THAT AND THEN WE CAN MOVE TO THE, TO THE MOTION.
UM, BRIAN, YOU'RE THE CURRENT VICE CHAIR? I AM.
HOW LONG YOU BEEN DOING THIS? UH, TWO YEARS.
ALTHOUGH I, I, I WAS BROUGHT INTO THIS, UM, BECAUSE I'M A BOARD MEMBER, SO, UM, FOR THOSE IN HERE, I'VE ACTUALLY MENTIONED THAT I NO LONGER IN THE DISTRICT.
I WAS UNTIL A COUPLE YEARS AGO.
I'M JUST OUTSIDE THE DISTRICT.
UM, AND SO I BELIEVE SIX IS ON HERE AT MY REQUEST.
UM, GOT, SO I WILL SAY INVOLVED, BUT IT JUST DOESN'T FEEL RIGHT TO BE THE VICE CHAIRPERSON IF I'M NOT STILL LIVING IN THE AREA.
WHAT ARE WE NEEDING? A VICE CHAIR? LIKE WHAT, WHAT DO YOU, WHAT WHAT'S THAT ROLE ENTAIL AS WELL TO THIS POINT? IT'S, YOU SHOW UP IN THIS MEETING, SO, UM, YEAH, PERFECT ATTENDANCE, YOUR IN PERSON FOR ATTENDANCE.
UM, IF THERE IS SOMETHING THAT THAT COMES UP, THEN YOU KNOW, YOU OBVIOUSLY WILL BE THERE AND THAT WHAT WHATEVER HAPPENED, BUT IT'S, IT'S, IT'S ONLY AT THE SCHEDULED MEETINGS THAT THERE'S BEEN ANY, ANY REAL REQUEST OF ME.
AND YOU'RE ASKING, YOU WANT TO LIKE, TO STAND ON BOARD, BUT YOU DON'T THINK YOU SHOULD BE THE VICE CHAIR MORE SINCE YOU'RE NOT? UH, YEAH, I JUST FEEL THAT IF, IF SOMEBODY WHO'S IN THE, WHO WAS ACTUALLY IN THE TIFF, UM, IT IS PROBABLY BETTER SERVED AS A BOARD IF THERE'S ON GROUND, GET MORE INVOLVED AND, UM, I STILL GET TO THE AREA, BUT I'M NOT LIVING IN IT LIKE I ONCE WAS.
APPARENTLY, I'LL SAY I DON'T UNDERSTAND A LOT OF THE STUFF.
I'M GET REAL ESTATE, I DON'T UNDERSTAND THIS, BUT I'M VERY PASSIONATE.
I REALLY WANNA SEE MORE HAPPEN HERE.
SO IF CHAD'S ASKED ME ABOUT HELPING MORE HERE, MY PUSHBACK HAS JUST BEEN LIKE, I, THIS ISN'T MY LANE.
LIKE I DON'T STILL KNOW A LOT OF STUFF, BUT IF I CARE, UM, IT'LL SHOW UP.
SO I'M HAPPY TO DO IT IF YOU FEEL LIKE A LITTLE BIT OF A KNOWLEDGE GAP ON SOME OF THE STUFF ISN'T AN ISSUE.
NICK KNOWS MORE THAN ME THOUGH, SO MAYBE BETTER.
I DON'T THINK, I DON'T HAVE ANY, ANYONE HAVE ANY OTHER
[02:05:01]
NOMINATIONS OR WANNA SELF NOMINATE? I WOULD NOMINATE MIKAYLA BACK, BUT I DON'T KNOW HOW TO SAY HER NAME IN FANCY RIGHT AWAY.SO SINCE I CAN'T EVEN SAY MY FRIEND'S NAME, RIGHT? I I CAN'T NOMINATE HER.
KYLE, THIS IS, THERE'S BEEN A MOTION AND A SECOND TO DOMINATE KYLE.
UH, WOULD YOU HEAR A SECOND? SECOND? THERE WAS A SECOND.
I DON'T RECALL WHO SAID IT, BUT THERE WAS A, THAT WAS, UH, JOSE.
IT SPEAKS TO HOW MUCH I THINK OF YOU, KYLE.
ALL RIGHT, SO, SO WHAT I, WHAT I JUST HOOKED UP WITH THIS WHOLE, LIKE, THE CHAIR IS IN CHARGE OF THE MEETING TO MAKE A, SO I WILL, I WILL NOT HOLD THAT.
LIKE YOU'LL COMMUNICATE WITH ME AND.