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UH, WE HAVE A LOT OF NEW FACES ON THE BOARD.[Southwestern Medical TIF Board of Directors Meeting on January 21, 2026. ]
ALRIGHT, SO AGAIN, SO WE'LL JUST LIKE WE HAVE, WE'RE GONNA GO AHEAD AND GET STARTED WITH AGENDA ITEM NUMBER ONE.UM, HOPEFULLY EVERYBODY HAS A COPY OF THE AGENDA ITEMS. UM, IF NOT, YOU KNOW, PLEASE, YOU KNOW, LET US KNOW.
WE CAN TRY TO GET THAT TO YOU.
EVERYBODY HAVE A COPY? KNOW YOU? NO.
HEY, SO JUST TO, JUST TO MAKE SURE EVERYONE ELSE GONNA PLEASE, UH, ENSURE EVERYBODY HAS THEIR CAMERA ON.
ROY, ARE YOU THERE? DO YOU HAPPEN TO HAVE A CAMERA? ROY? ROY'S IN OUR TEAM.
ALRIGHT THEN, UM, WE'LL GO AHEAD AND GET STARTED.
WE'LL START OUT WITH INTRODUCTIONS.
I'LL GO AHEAD AND BEGIN, UH, WITH MYSELF.
UM, I'M, UH, OR THE, THE, UH, I'M THE, UH, ACTUALLY THE VICE, UH, CHAIR OF THE, UH, SOUTHWESTERN MEDICAL TIFF BOARD AND I'VE BEEN WITH THE BOARD SINCE ABOUT 2021.
AND, UH, DEFINITELY, UH, GLAD THAT WE'RE, UH, MEETING AGAIN.
UM, I ACTUALLY SERVE AT UT SOUTHWESTERN MEDICAL CENTER.
I WORKED AT, UH, FULL-TIME, UH, HUMAN RESOURCES, BUT I'M DEFINITELY AN ACTIVE CHAIR MEMBER HERE.
AND, UH, YOU KNOW, READY TO KIND OF, UH, GET THE YEAR STARTED AND, UH, YOU KNOW, I CAN'T WAIT TO SEE WHAT'S, UH, WHAT'S ON THE AGENDA MOVING FORWARD.
UM, WE'LL GO AHEAD AND GO AROUND THE ROOM.
WE'LL GO AHEAD AND START OUT WITH, UM, WHO DO WE HAVE, UM, THE NAME? LUIS.
LUIS, YOU WANNA GO AHEAD AND INTRODUCE YOURSELF? SURE.
HI, UH, LUIS DAM MAYO AND I AM THE REPRESENTATIVE FOR THE TIFF BOARD, UH, FROM DALLAS COUNTY.
AND I'VE BEEN, UH, ON THE TIF BOARD SINCE 2021.
AND NEXT, UH, WHAT DO WE HAVE NEXT? STEVE? STEVEN.
UM, THE CEO AT, UH, PCCI, THE PARKLAND CENTER FOR CLINICAL INNOVATION.
UM, JOINED THE BOARD, UH, I THINK IT WAS, UH, UH, IN THE FALL OF LAST YEAR, BUT, UH, THIS IS THE FIRST, UH, MEETING, UH, SO LOOKING FORWARD TO IT.
DO YOU WORK AT, UH, PARKLAND HOSPITAL? UM, FOR PCCI, WHICH IS, UH OH, OKAY.
A SEPARATE, UH, UH, 5 0 1 C3 THAT'S AFFILIATED WITH PARKLAND.
I NOTICED THE P HH S ORG NICE TO WORK FOR PARKINSON, NICE TO MEET YOU.
UM, I WAS INTRODUCED TO THE BOARD BY JESSE MORENO.
UH, MY FULL-TIME JOB IS WORKING AT AMAZON, DOING DIGITAL MARKETING FOR THEM.
OH, YOU, UH, I AM TONY BETA, CEO OF THE NORTH TEXAS L-G-B-T-Q CHAMBER OF COMMERCE.
AND, UH, I WAS INVITED TO THIS BY, I THINK BY OMAR MORGAN, THE LEFT OFFICE.
UM, SO I'VE DONE A LOT OF HAND WORK, BUT THIS IS MY FIRST TEAM.
THANK YOU TONY FOR SO MUCH FOR COMING TO, COMING IN PERSON.
SO I LES BLAKE, I'M THE MANAGER FOR THE ECONOMIC DEVELOPMENT PROGRAM FOR THREE TIPS.
UM, I HAVE THE SOUTHWESTERN MEDICAL TIF DISTRICT, THE MAPLE MOCKINGBIRD DISTRICT, AS WELL AS DAVIS GARDEN.
AND I'M NOT GONNA GO TO MATEO.
AND MY NAME IS MATEO ALEXANDER.
I'M THE ACADEMIC DEVELOPMENT COORDINATOR WITH THE OFFICER ECONOMIC, AND WE ALSO HAVE TANISHA MARS, WHO'S ON OUR TEAM ON THE PHONE.
AND SHE IS, UM, HANDLING THE FINANCE, UH, COMPONENT OF THE ANNUAL REPORT AND HAVE HER HANDLE ANY HARD QUESTIONS THAT YOU MIGHT HAVE FOR ME.
ROY IS ALSO ECONOMIC DEVELOPMENT COORDINATOR.
HE'S ON THE CALL WITH US AS WELL.
SO WE HAVE, THANK YOU SO MUCH FOR, FOR THE INTRODUCTIONS.
UH, THE LAST TIME WE MET WAS ABOUT FOUR YEARS AGO, I THINK, MYSELF AND MR. TOMA, I THINK YOU AND I ARE, UH, THE LAST ONE STANDING.
SO WE'RE, WE'RE, WE'RE GONNA HAVE SOME NEW FACES AND SOME NEW VOICES ON THE BOARD.
SO WE'RE GONNA MOVE ON TO, TO ITEM NUMBER TWO, UNLESS ANYONE ELSE HAVE ANY ADDITIONAL COMMENTS THEY WANNA MAKE AS FAR AS THAT YOU'D LIKE SENSE.
UH, SO, UM, PUBLIC COMMENTS PERTAINING TO THE AGENDA ITEMS. UM, SO, UH, WE'RE GONNA ON, SO THAT WOULD BE, UH, PUBLIC COMMENTS.
DOES ANYBODY HAVE ANY ADDITIONAL COMMENTS TO MAKE TODAY OR ANY NEW BUSINESS, UH, THEY'D LIKE TO DISCUSS? NO.
SO, UH, AGAIN, SO LEMME JUST, JUST REMIND EVERYONE THAT THERE'S NO RESPONSE TO THE PUBLIC INPUT FROM THE BOARD DURING THE MEETING, UH, IF NECESSARY INDIRECT STAFF TO RESEARCH ANY ISSUES BROUGHT TO US AND POTENTIALLY ADD TO FEATURE AGENDA.
UH, SO, UM, KEEP THAT IN MIND.
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ALRIGHT, SO, ALRIGHT.SO WE'RE THE NEXT, WE'RE GONNA MOVE ON TO, UH, TO REVIEW AND CON REVIEW AND CONSIDERATE CONSIDERATION OF THE MEETING RECORD FROM THE, UH, JANUARY 22ND, 2021, UH, SOUTHWESTERN MEDICAL DISTRICT BOARD MEETING.
I, I DO HAVE A CORRECTION I NEED TO MAKE TO THE MINUTES.
THE, UM, BOARD MEMBER NON DEFENDANTS IS LISTED AS MR. ELMORE.
WE STRIKE THAT FROM THE, THE MEETING RECORD.
SO IF ANY MOVEMENT FOR APPROVAL WOULD NEED TO BE, UM, MOVED WITH THE, WITH THE, UH, CORRECTION, A MOTION MADE TO APPROVE THE AGENDA AS CORRECTED.
I'LL MAKE A MOTION TO MOVE THE AGENDA AS CORRECTED.
WHO WAS THAT? WHO WAS THAT THE SECOND STEVE.
ALRIGHT, SO THE WITNESS HAS BEEN PASSED, UH, TO APPROVE THE, UH, JANUARY 22ND, 2021 MINUTES WITH CORRECTIONS.
WE NEED TO HAVE A, A VOTE, UM, AND RAISED OUR HAND.
SO, UH, EVERYONE IN FAVOR OF, UH, UH, APPROVING THE JANUARY 22ND, 2021 MINUTES.
ALRIGHT, SO NOW WE'RE GONNA MOVE ON.
UM, IF, IF, DOES ANYBODY HAVE ANY QUESTIONS OR CONCERNS, UH, REGARDING THE MINUTES? OKAY.
SO WE'LL MOVE ON TO NUMBER FIVE, UH, NOMINATION AND THE ELECTION OF A VICE CHAIRPERSON FOR THE SOUTHWESTERN MEDICAL TIP DISTRICT BOARD MEMBER BOARD OF DIRECTORS.
SO, UM, ALRIGHT, SO THE STAFF IS REQUESTING A RECOMMENDATION, UH, FROM THE BOARD FOR THIS ITEM AS PRESENTED.
AND THE BOARD FORWARD A RECOMMENDATION OF APPROVAL TO CITY COUNCIL.
ANY MOTION FOR APPROVAL SHOULD INCLUDE THE CAVEAT THAT THE REPORT IS SUBJECT TO CHANGE PRIOR TO.
UM, AT THIS POINT I'LL ENTERTAIN A MOTION FOR AGENDA ITEM.
THE BEFORE, UM, AGAIN, WE ALL, UH, THAT THE, THAT THE, THE, WE ALL AGREED ON THE REPORT AND, UH, THAT IT, IT'LL BE PASSED, UH, WITH THE, UH, NOTED APPROVALS, UH, NOTED CHANGES AND CHAIR.
I DO HAVE A PRESENTATION AND THAT I CAN ROLL THROUGH FOR WITH THE BOARD, UH, TO INFORM YOUR DECISION.
SO, UM, FIRST, WELCOME EVERYONE.
THANK YOU SO MUCH FOR TAKING THE TIME OUT OF YOUR VARIOUS BUSY SCHEDULES TO BE HERE AND TO SERVE ON THIS IMPORTANT BOARD.
AND AS, UM, MR. CASADA SAID, IT IS BEEN FOUR YEARS AND IT'S BEEN A LONG, FOR YEARS WAITING FOR A, A BOARD SEATED, AND IT'S, THE TIMING IS PERFECT.
WE HAVE, UM, SOME PROJECTS THAT I HOPE WE BRING TO YOU HERE SHORTLY, AND I THINK THIS IS A GREAT INTRODUCTION FOR YOU TO COME IN AND LOOK AT WHAT JUST HAPPENED THIS PAST YEAR.
GREAT WAY TO LEARN ABOUT OUR PROGRAMS AND, UM, SEE SOME OF THE THINGS THAT WE'VE DONE AND LOOK FORWARD TO THE THINGS THAT WE'RE GOING TO BE DOING.
SO WITH THAT, LET ME GO AHEAD AND, AND, UH, I SENT THE, THE REPORT TO YOU IN ADVANCE.
HOPEFULLY YOU'VE HAD A CHANCE TO KIND OF THUMB THROUGH IT AND TAKE SOME NOTES HERE AND THERE.
BUT I'M GONNA HIT JUST DO A HIGH LEVEL OVERVIEW WITH YOU AND AT THE END, I'M HAPPY TO ANSWER ANY QUESTIONS THAT YOU MAY HAVE.
SO IF WE WANNA GO AHEAD AND SCROLL DOWN TO THE MEETING.
UM, THEY, IF WE GO AHEAD AND START WITH, I THINK IT'S ABOUT PAGE FOUR, TAKING A LOOK AT THE TERM OF THE DISTRICT.
I, I THINK IF, IF YOU GUYS PROBABLY READ THROUGH THIS, YOU REALIZE THAT THERE'S ONLY TWO YEARS LEFT IN THIS TIF DISTRICT.
IT'S A 22 YEAR TERM, AND IT, UH, ENDS IN, IN 2027.
BUT SPOILER ALERT, WE'RE PLANNING ON EXPANDING IT INTO A NEW TERRITORY.
AND SO THEREFORE WE THINK THAT WE WILL BE, UH, CONTINUING WITH THE SOUTHWESTERN MEDICAL TIF DISTRICT, ALTHOUGH IT WILL LOOK A LITTLE DIFFERENT AND HAVE SOME DIFFERENT GOALS AND, AND OBJECTIVES.
ARE YOU ABLE TO SHRINK A LITTLE BIT SO I CAN SEE ALL THE CONTENT? IS THAT POSSIBLE? YES.
UM, SO THE, I THINK IT'S IMPORTANT TO NOTE THAT STARTING IN 2020, BOTH THE CITY AND THE COUNTY REDUCED THEIR PARTICIPATION BY ALL STAFF.
SO THAT HAS CERTAINLY IMPACTED OUR INCREMENT COLLECTION.
AND YOU'LL SEE A LITTLE BIT LATER ON DOWN THAT WE ARE ONLY ABOUT HALF OF WHAT WE HAVE PROJECTED.
I THINK IN PART THAT'S DUE TO THIS, THIS DRASTIC DECREASE IN FUNDING, WHICH WAS PLANNED BY THE FOREFATHERS WHEN THEY WROTE THIS PLAN.
SO, UH, THIS IS NO SURPRISE, IT IS, IT WAS PLANNED AND SCHEDULED
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INTO THE, UM, IN THE LIFE OF THE TIFF.MATEO, IF YOU WANNA KEEP GOING, THIS IS A LIST OF THE DISTRICT ACCOMPLISHMENTS.
IT'S IN CHRONOLOGICAL ORDER OF THE DIFFERENT, UM, TYPES OF DEVELOPMENTS THAT HAVE COME ONLINE SINCE THE DISTRICT WAS CREATED.
AND I JUST WANNA HIT THE HIGHLIGHTS OF THE, THE LAST FOUR YEARS WITH YOU.
UH, FIRST THE TEXAS BEHAVIORAL HEALTH, UM, CENTER AT UT SOUTHWESTERN OPEN IN 2022, AND THEY'RE, I, I'M SORRY, THEY'RE, THEY'RE ANTICIPATED TO START ACCEPTING IN PATIENTS THIS YEAR.
AND THEN THE TEXAS INSTRUMENTS BIOMEDICAL ENGINEERING AND SCIENCE BUILDING, UH, COMPLETED CONSTRUCTION DURING 2022 AND 2023 AND OCTOBER, 2024, A HUGE NEW PLAYER BROKE GROUND ON THE, THE 5 BILLION, UH, CHILDREN'S PEDIATRIC CAMPUSES IS COMING AT PERRY HINES IN MOCKINGBIRD.
THAT IS TECHNICALLY OUTSIDE THE BOUNDARY OF UT SOUTH OF THE UT SOUTHWESTERN, I'M SORRY, THE SOUTHWESTERN MEDICAL TIFF DISTRICT BOUNDARY.
BUT, UM, IT'S PART OF THE OVERALL MASTER PLANNED DEVELOPMENT OF SOUTHWESTERN MEDICAL, AND WE ANTICIPATE IT TO HAVE QUITE THE IMPACT ON THE DISTRICT FROM A CATALYTIC PERSPECTIVE, UM, BRINGING IN THE NEED FOR NEW HOUSING, HOTEL, RETAIL, COMMERCIAL SPACE.
SO, UM, THAT'S WHY WE HAVE INCLUDED IT IN THIS REPORT.
AND THEN HOPEFULLY YOU'VE HEARD ABOUT THE TEXAS TREES FOUNDATIONS NEW PLAN TO, UM, TO REDEVELOP TWO MILES OF HARRY HINES, BASICALLY FROM MOCKINGBIRD DOWN TO LUCAS, STRAIGHT IN FRONT OF THE SOUTHWESTERN MEDICAL DISTRICT INTO A PEDESTRIAN FRIENDLY GREEN URBAN CORRIDOR WITH ABOUT A 10 ACRE PARK RIGHT AT THE CLOVER LEAF EXCHANGE AT HARRY HEES AND INWOOD.
SO THAT'S A REALLY EXCITING PROJECT.
WE HAVE A, UH, AN APPLICATION ON FILE TO SUPPORT THAT PROJECT THAT I HOPE YOU BRING TO YOU, UM, FOR YOUR REVIEW HERE IN THE SHORT TERM.
AND IT'S EXPECTED TO, TO COMMENCE CONSTRUCTION IN 2026 AND BE COMPLETED IN 2031, WHICH IS RIGHT ABOUT THE TIME THAT THE CHILDREN'S PEDIATRIC CAMPUS WILL BE COMING ONLINE.
THE NEXT SECTION IS A LIST OF THE DEVELOPMENTS THAT HAVE HAPPENED SINCE THE, THE DISTRICT, UM, CAME ONLINE.
THE FIRST SECTION IS, IF WE CAN POP BACK UP A LITTLE BIT, IS THE, UM, CEDAR BRANCH BRIDGE PROJECT.
I AM, I'M GONNA TALK TO YOU A LITTLE BIT ABOUT THAT, MORE ABOUT THAT, UM, AS WE MOVE DOWN THROUGH THE, THROUGH THE PLAN.
UM, SOMETHING THAT WE'RE, WE'RE NOT MOVING FORWARD WITH IS, IS JUST KIND OF FOOTNOTE THAT, UM, MOVING DOWN, THESE ARE THE PROJECTS THAT HAVE HAPPENED THAT HAVE NOT REQUIRED ANY ASSISTANCE.
IT'S RESULTED IN ABOUT 1,136 MULTIFAMILY RESIDENTIAL UNITS.
115 SINGLE FAMILY, 64,000 SQUARE UNIT, LAUNCHING 5.3 MILLION, UM, SQUARE FEET OF MEDICAL OFFICE AND 45,000 SQUARE FEET OF COMMERCIAL.
AND SO OUR, WE'RE ACTUALLY WE'RE COMMITTED TO THIS 826 5, BUT THAT'S GONNA BE WITHDRAWN HERE SHORTLY.
UM, BUT IT'S RESULTED IN ABOUT 7.2 BILLION IN, UM, VALUE OVERALL.
UM, A LARGE PART OF THAT IS NON NON-TAXABLE, BUT THERE HAS DEFINITELY BEEN GROWTH, UM, AND NEW USES WITHIN THE SOUTHWESTERN MEDICAL DISTRICT.
THEY JUST HAVEN'T NEEDED THE TIP FUNDING THAT WE HAD ANTICIPATED THAT THEY WOULD.
SO MOVING DOWN THROUGH THE REPORT, THE NEXT SECTION IS TAKING A LOOK AT HOW THE DISTRICT HAS DONE OVERALL FROM A FINANCIAL STANDPOINT, FROM OUR GOALS AND OBJECTIONS FOR IT.
UM, IN 2020, THE PLAN WAS AMENDED TO CREATE TWO SUB, TWO SUBDISTRICTS OUT OF ONE, AND WE NOW HAVE THE SOUTHWESTERN MEDICAL SUBDISTRICT TO THE NORTH, AND THEN THE MEDICAL CAMPUS SUBDISTRICT TO SOUTH, AND THEY EACH HAVE THEIR OWN TAX BASE.
SO LOOKING AT THE SOUTHWESTERN MEDICAL SUBDISTRICT FIRST, IT'S ADJUSTED BASE YEAR VALUE WAS 67.4 MILLION, AND IT'S NOW 416.3 MILLION.
SO THE, THE VALUE HAS CERTAINLY INCREASED AS WE HAVE ANTICIPATED OVER THE 20 YEARS WE'VE BEEN IN BUSINESS, UH, TO THE TUNE OF 517%.
UM, THEN THE IT YEAR OVER YEAR, HOWEVER, IT WENT DOWN ABOUT 3%.
UM, I'M, IT HASN'T GONE DOWN IN THE LAST FIVE YEARS, SO I THINK THIS MIGHT BE JUST A, A SIGN OF THE TIME FOR THE ECONOMY.
EACH ONE OF THE MULTIFAMILY PROJECTS DECREASED ITS VALUE, SO MAYBE IT'S HITTING THOSE PROPERTIES ESPECIALLY, BUT WE'RE, WE'RE KEEPING AN EYE ON THAT AND LOOKING AT THAT FROM OUR INCREMENT PROJECTION STANDPOINT.
UM, OVERALL, WE ANTICIPATE TO COLLECT ABOUT 1.3 MILLION IN REVENUE, UM, FOR THIS LAST FISCAL YEAR.
THE MEDICAL CAMPUS SUBDISTRICT, UM, WAS CREATED IN ANTICIPATION OF A BIG PROJECT, UM, THAT WAS CONTEMPLATED BACK IN 20, I GUESS
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THAT WAS WHEN YOU WERE ON THE BOARD, MICHAEL, YOU SAID THAT WAS BACK WHEN 2018 FIRST CAME ON? YES.UM, IT WAS A, A HUGE MASTER PLAN, UM, MIXED USE DEVELOPMENT THAT HAD, UM, CONFERENCE CENTER AND OFFICE SPACE AND RETAIL AND HOTEL, UM, WAS, WAS GONNA BE QUITE AN ASSET, BUT FOR A VARIETY OF DIFFERENT REASONS IT DID NOT COME TO FRUITION.
AND SO THAT THE CA THE MEDICAL CAMPUS SUBDISTRICT HAS NOT PERFORMED, UM, AT ALL BASICALLY FROM A TAXABLE PERSPECTIVE.
AND SO WE, WE HAVE A PLAN FOR WHAT TO, HOW TO HANDLE THAT AS WE MOVE THROUGH.
UM, I'LL, I'LL GIVE YOU MORE ABOUT THAT IN A MINUTE HERE.
THE NEXT SECTION IS THE, THE OBJECTIVES AND, UM, GOALS, SO TO SPEAK OF THE, OF THE DISTRICT FROM WHEN IT WAS FIRST CREATED.
UM, THE, THE EXPECTATION WAS THERE WOULD BE AN ADDITIONAL TAXABLE VALUE OF 280 MILLION, AND WE HAVE MET AND EXCEEDED THAT BY ABOUT 8%.
UM, AT THIS STAGE IN THE, THE LIFE CYCLE, WE SHOULD BE AT ABOUT 90% ACCOMPLISHMENT ON OUR GOALS, AND WE'RE AT 98% ON THAT ONE.
SECOND ONE, UM, HIGH ON SOME LOW ON THE OTHER.
UH, WE HAVE DEFINITELY EXCEEDED THE EXPECTATION OF 300,000 SQUARE FEET OF RETAIL OFFICE SPACE WITH ALL OF THE MEDICAL DEVELOPMENT WITHIN THE DISTRICT, NOT SO MUCH ON THE RETAIL SIDE AND NOT SO MUCH ON THE RESIDENTIAL SIDE.
UM, THEY, I THINK THAT THE, THE, THE PLAN MIGHT AVAILABLE TOO AMBITIOUS, UM, WHEN IT WAS ORIGINALLY WRITTEN, BUT WE DO NOT ANTICIPATE THAT WE WILL MEET THE, THAT GOAL, UM, ON, FOR THE RETAIL AND THE RESIDENTIAL COMPONENT IN ITS CURRENT BOUNDARY STATUS, THEN CONTINUE TO MOVE DOWN.
UM, THE GOAL OF INCREMENT COLLECTION, WE'RE ABOUT HALFWAY TO THE PROJECTED, UH, 31 MILLION AT 16 MILLION.
SO AGAIN, WE WILL NOT BE MEETING THE, THE PROJECTED INCREMENT GOAL FOR THE DISTRICT EITHER.
UM, IN THE MEDICAL CAMPUS SUBJECT DISTRICT, THERE'S BEEN NO, NO NEW INVESTMENT PRIVATE, UM, OR NO PRIVATE DEVELOPMENT WITHIN THE DISTRICT.
SO THEN WE TALK ABOUT THE, UM, THE BOARD AND OF COURSE, IT HASN'T MET IN FOUR YEARS.
THE BUDGET AND SPENDING STATUS.
THIS IS A, UM, THIS, THIS, THIS BUDGET REFLECTS THE CURRENT BUDGET CAPACITY, NOT THE ACTUAL VALUE OR THE ACTUAL CASH.
UM, IT IS CAPACITY BASED ON TOTAL DOLLAR PROJECTION USING OUR NPV AS A BENCHMARK.
SO IT IS NOT, IT IS THE BUDGET CAPACITY PLAN FOR THE ENTIRETY OF THE DISTRICT OF THE LIFE TERM OF THE DISTRICT.
NOW, LOOKING FORWARD, UM, THE, THE PLAN IN PLACE FOR THIS COMING YEAR IS TO INCREASE RECREATIONAL OPPORTUNITIES, IMPROVE CONNECTIONS AND TRAILS IN THE OPEN SPACE SYSTEM WITHIN THE DISTRICT.
UM, THIS IS SOMETHING THAT WE HAVE, UH, THE POTENTIAL OF HELPING WITH ONE WITH TEXAS TREES.
SO I SAID WE HAVE AN APPLICATION OF FILE TO, TO HELP WITH THAT, WITH THEIR PROJECT.
UM, AND RIGHT NOW JUST GOING THROUGH AND MAKING SURE WE HAVE EVERYTHING WE NEED BEFORE WE SEND THAT PROJECT INTO UNDERWRITING.
AND IF IT, IF IT COMES UP TO BE A VIABLE PROJECT, IT'LL COME UP FOR YOU FOR YOUR CONSIDERATION.
UM, ALSO ASSIST WITH FACIL FACILITY IMPROVEMENTS INCLUDED IN THE MEDICAL DISTRICT MASTER PLAN.
WE MET WITH THE, THE, UM, LEADERSHIP OF THE SOUTHWESTERN MEDICAL DISTRICT, UM, ABOUT A YEAR AGO AND REVIEWED THEIR MASTER PLAN WITH THEM.
AND WE THINK THAT THERE'S SYNERGIES THERE IN WAYS WE CAN HELP WITH THEIR PLAN, UM, MOVING AHEAD IN ONE FACIA OR ANOTHER POTENTIAL EXPANSION OF THE TI TIF DISTRICT TO INCLUDE, UH, PEGASUS PARK.
SO I, I WOULD SUSPECT THAT MOST OF YOU KNOW ABOUT THE PES PEGASUS PARK LIFE SCIENCE DEVELOPMENT THAT IS JUST SOUTH OF 35.
UM, IT INCLUDES CURRENTLY THE PEGASUS TOWER AS WELL AS BIO LABS.
UM, CITY OF DALLAS SUPPORTED THE, THE, UM, REDEVELOPMENT OF BRIDGE LABS IN A SEPARATE DEVELOPMENT AGREEMENT.
AND THE DEVELOPER HAS COME BACK TO US ASKING FOR ASSISTANCE IN THE NEXT PHASE OF THEIR DEVELOPMENT.
THE, THE OVERALL VISION FOR THE, THE CAMPUS IS TO ADD TO THE CURRENT, UM, INVENTORY TO ADD FOUR ADDITIONAL BUILDINGS.
AND THIS IS THE FIRST STEP OF THAT PROCESS.
I THINK IT SPANS ABOUT A FIVE YEAR, UM, A PERIOD OF TIME, NO, I'M SORRY, 10 YEAR PERIOD OF TIME.
AND THE, UM, FIRST BUILDING THEY'RE ASKING FOR HELP WITH IS A 250,000 SQUARE FOOT BUILDING, AND IT'S INTENDED TO ACCOMMODATE, UM,
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SMALL MANUFACTURING AND, UH, RESEARCH LAB AND THEN ALSO A 440,000 SQUARE FOOT, UH, PARKING GARAGE.SO WE HAVE AN
IT WOULD INCLUDE A, OR WOULD, WOULD REQUIRE AN EXPANSION OF THE TIF DISTRICT.
AND SO THE, THE THINKING IS THAT, BECAUSE MOVING DOWN TO THE NEXT BULLET NOW, BECAUSE THE MEDICAL CAMP CAMPUS SUBDISTRICT DID NOT, UM, UH, END UP BEING THE, THE VIABLE PROJECT THAT WE THOUGHT IT WOULD BE, WE'RE GOING TO BE, UM, PROPOSING THAT THAT BE TERMINATED AND REMOVED FROM THE DISTRICT PLAN.
UM, AND THEN WE WOULD INCLUDE THE PEGASUS PARK DEVELOPMENT.
WE'RE STILL LOOKING AT THE, THE, THE ACTUAL, UM, FOOTPRINT OF THAT TO MAKE SURE WE CAPTURE ALL OF THE VISION OF WHAT PEGASUS PARK IS LOOKING AT.
SO THAT IS AN ONGOING NEGOTIATION, BUT ONCE WE GET THAT, UM, FINALIZED, IT WILL BE COMING TO YOU FOR YOUR REVIEW, UM, AND HOPEFULLY EVENTUALLY FOR COUNCIL APPROVAL, AND WE CAN BECOME A PART OF THAT, THAT LIFE SCIENCE HUB THAT WE ARE ALL, UM, PROMOTING AND GETTING BEHIND.
AND THEN WE'RE LOOKING AT FINAL NEXT STEPS FOR THE CEDAR BRANCH BRIDGE PROJECT.
THAT MIGHT HAVE BEEN SOMETHING THAT YOU WERE, UM, THAT YOU REMEMBER BACK IN THE DAY.
UM, BACK IN 2018, WE WERE APPROACHED BY A DEVELOPER TO, UH, TO CREATE, TO HELP FUND A PEDESTRIAN BRIDGE TO CONNECT TO THE CEDAR BRANCH TOWN HOMES PROJECT IN THE SOUTHWESTERN MEDICAL DISTRICT.
AND FOR A VARIETY OF REASONS, THAT HAS NOT COME TO FRUITION.
AND SO THE, THE RESOLUTION WE ARE ANTICIPATING WILL BE THAT WE MAKE THE DEVELOPER MAKE THE DEVELOPER DEVELOPER WHOLE, UM, BY REIMBURSING THEM FOR THE EXPENSES THAT THEY'VE INCURRED SO FAR FOR DESIGN.
AND THEN WE, UM, THAT THAT PROJECT WILL BE TERMINATED AND TAKEN OFF OF THE BOOKS.
SO AGAIN, THAT'S SOMETHING THAT IF THAT'S THE, THE PROCESS OF GOING TO PURSUE THAT, THAT WOULD BE COMING TO YOU FOR YOUR REVIEW.
SO WE ANTICIPATE A BUSY 2026 AND MUCH MORE MEETINGS THAN, THAN WE'VE HAD IN THE PAST.
UM, THE NEXT FOUR PAGES ARE THE ACTUAL FINANCIAL DOCUMENTS THAT OUR FINANCE TEAM PUTS TOGETHER.
THIS IS THE REAL BREAD BUTTER OF THIS DOCUMENT.
IT'S THE ONLY THING THAT THE STATE REALLY REQUIRES, UM, FOR ACCOUNTABILITY FROM TIF DISTRICTS.
AND, EXCUSE ME, I JUST WANTED TO, TO DRAW YOUR ATTENTION TO, UM, OUR CURRENT FISCAL YEAR REVENUE, UH, PROJECTION AS WELL AS OUR YEAR TO DATE.
UH, THIS INCLUDES THE 2.1 INCLUDES THE, UH, INVESTMENT VALUE, AS DOES THE YEAR TO DATE VALUE OF ROUGHLY 20 MILLION.
AND THEN, UH, RESULTING IN A FUND BALANCE OF ABOUT 17.5 THAT ISN'T ACT, OUR ACTUAL CASH BALANCE AT THE STATE.
UM, WE'RE ABOUT 2 MILLION LESS THAN THAT.
UH, THAT DOES NOT CONSIDER A DISTRICT-WIDE SETA, ASIDES AND ADMIN AND SO ON AND SO FORTH.
SO THOSE ARE NUMBERS THAT KIND OF GIVE YOU AN OVERALL LOOK AT THE KIND OF REVENUE THAT WE HAVE BEEN COLLECTING OVER THE YEARS, AS WELL AS OUR, OUR YEAR TO DATE STATUS.
I THINK WE CAN GO ALMOST TO THE END.
MATEO, I JUST WANNA TALK ABOUT THE DISTRICTWIDE SET ASIDE.
WE HAVE 1.7 MILLION DISTRICTWIDE SET ASIDE.
WE, OUR POLICY SAYS THAT WE TAKE 10% OF THE ANNUAL AND SET ASIDE FOR DISTRICTWIDE IMPROVEMENTS.
THESE ARE FOR PROJECTS THAT ARE NOT PRIVATELY LED.
THEY'RE MORE, UM, PUBLIC CONSUMPTION.
FOR INSTANCE, THE TEXAS TREES PROJECT WOULD BE ELIGIBLE FOR DISTRICTWIDE SET ASIDE FUNDS, AND THEY HELP SUPPORT GATEWAYS, OPEN SPACE, UTILITY STREETSCAPE, SO ON IT, IT BENEFITS A MUCH LARGER PORTION OF THE DISTRICT THAN JUST ONE SPECIFIC TYPE OF DEVELOPMENT.
SO, UM, THAT IS THE, THE HIGHLIGHTS.
I'M HAPPY TO ANSWER ANY QUESTIONS THAT ANYONE MIGHT HAVE ABOUT, ABOUT THIS INFORMATION QUESTION.
SO THIS INFORMATION
YEAH, WANTED TO, I JUST WANTED THAT, I'M SORRY.
UH, JUST WANTED TO ASK, WELL, THIS INFORMATION, THIS IS THE INFORMATION THAT WE'RE GOING TO BE, UH, PRESENTING TO THE CITY COUNCIL.
AND SO THE, THE, THE PURPOSE OF THIS IS TO PROVIDE US WITH A, UH, AN UNDERSTANDING OF, OF WHAT'S, WHAT'S, WHAT'S, UH, IN STORE FOR THIS COMING YEAR AND, AND KIND OF, UH, WHAT TOOK PLACE.
AND SO AS THE BOARD MEMBERS, UH, THE RESPONSIBILITY OF THE BOARD MEMBERS, UH, I, I, YOU KNOW, I KNOW OVER TIME HAS CHANGED AND I KNOW THINGS HAVE PROGRESSED AND, AND SO IT, AFTER, YOU KNOW, REVIEWING THIS, WE'RE, WE'RE BASICALLY SAYING THAT WE AGREE AND,
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UH, WE'RE, THERE'S, YOU KNOW, THERE'S SOMETHING THAT WE SEE THAT, UH, UH, WOULD PREVENT US FROM PRESENTING THIS TO THE CITY COUNCIL.THAT BASICALLY WHAT WE'RE, YES.
PLEASE, YOU CAN ANSWER YOUR, ANSWER YOUR QUESTION.
YEAH, ACTUALLY YOU ANSWERED PART OF IT.
THANK YOU FOR, FOR DOING THAT.
UM, MY, MY ONLY QUICK FOLLOW UP ON THAT IS BY, UM, APPROVING THIS TO PROCEED TO MAJOR CITY COUNCIL.
UH, WE'RE APPROVING THE EXPLORATION OF THE EXPANSION TO PEGASUS AND THE, TO, TO SOME OF THE RESTRICTING IS THE EXPLORATION OF IT, OR WE ARE APPROVING THAT TO, TO ACTUALLY BE IMPLEMENTED.
JUST TO CLARIFY THAT PIECE, IT'S THE, THE, UM, ALT BOARDS ARE ADVISORY IN NATURE, SO YOU'RE NOT ACTUALLY APPROVING, YOU'RE REVIEWING AND RECOMMENDING, UM, FOR APPROVAL BY COUNSEL.
BUT MORE SPECIFICALLY, YES, YOU ARE JUST SAYING THAT, THAT YOU, UM, APPROVE THE FACT THAT WE ARE GOING TO CONSIDER POTENTIALLY A DEAL AT TEXAS PARK WHEN AN ACTUAL DEAL WITH, WITH DOLLAR SIGNS ATTACHED TO IT, UM, BECOMES A MATERIAL DOCUMENT THAT WOULD BE COMING TO YOU.
AND THAT WOULD BE THE ITEM ON THE AGENDA TO REVIEW AND APPROVE WITH ALL THE DETAILS.
AND YOU WOULD HAVE THE, YOU KNOW, THE, THE ENTIRE, UM, DEAL FLUSHED OUT.
QUESTION, WHERE DID THE, UM, FINANCIAL REPORTS COME FROM? UH, THEY COME FROM THE, OUR, OUR FINANCE TEAM.
ANY OTHER QUESTIONS FOR ME? OUR ANNUAL REPORT? ONE MORE QUESTION, ONE QUICK QUESTION.
I GUESS MAYBE IN A CLARIFICATION, UH, NOT ONLY IS IT AN ADVISORY IN NATURE, BUT THE DECISION TO THEN PARTICIPATE IN A CHANGED OR EXPANDED DISTRICT WOULD HAVE TO THEN GO TO THE COUNTY AS WELL? YES, ABSOLUTELY.
THANK YOU FOR BRINGING THAT UP.
CAN YOU EXPLAIN THAT IN MORE DETAIL? WHAT SURE.
THE, THE CITY OF DALLAS HAD, THE CITY COUNCIL HAS AUTHORITY OVER THE TIFF DISTRICTS AND THE REVENUE THAT, THE INCREMENTS THAT, THAT IT FEEDS INTO TIFFS.
UM, AND THAT'S WHERE YOU SEE THE DIFFERENT PERCENTAGES THAT WE AGREE TO, TO, UM, DIRECT TO THE TIFF.
THE COUNTY IS A SEPARATE ENTITY.
AND SO WHENEVER WE ASK THEM TO PARTICIPATE, IT HAS TO GO THROUGH THE COUNTY PROCESS AND THEY DECIDE IF THEY WILL AND AT WHAT LEVEL THEY WANT TO PARTICIPATE.
AND THEY, THEY MIGHT SAY, NO, WE'RE, WE'RE, WE WANNA STAND OUT FROM THIS ONE, OR, YES, THEN WE WANNA COME IN AT X PERCENTAGE OR HIGHER OR LOWER THAN WE ASK FOR.
ANY OTHER QUESTIONS? ALRIGHT, SO, UH, THERE ARE OTHER QUESTIONS.
I, WE'RE GONNA MOVE TO VOTE, UH, TO, UH, APPROVE AND, AND FORWARD THE RECOMMENDATION OF APPROVAL TO, UH, PRESENT THIS TO CITY COUNCIL, THAT COURT.
UH, SO THOSE IN FAVOR, UM, WANNA GET A MOTION? CAN WE, CAN WE GET A MOTION TO
ALRIGHT, CAN WE, UH, HAVE A HAND? EVERYONE RAISE YOUR HAND.
ALRIGHT, SO THAT'S, UH, THAT'S BEEN APPROVED.
UH, NEXT WE'LL MOVE ON TO ITEM NUMBER FIVE, AND THAT'S, UH, TO REVIEW AND CONSIDER THE REGULAR MEETING SCHEDULE FOR THE SOUTHWESTERN MEDICAL TIFF, UH, DISTRICT, UH, BOARD OF DIRECTORS FOR THIS YEAR, CALENDAR, UH, YEAR 2026.
UM, SO, UM, THAT, HAS THAT ACTUALLY BEEN SUBMITTED? DOES EVERYONE HAVE A COPY OF THAT? NO, THIS IS, THIS IS HERE.
SO, UH, DOES ANYBODY, UH, SO AFTER REVIEWING THIS, DOES UH, ANYBODY HAVE ANY CONCERNS OR ANY, UH, FEEDBACK IN REGARDS TO THE DATES THAT ARE ON THE, THAT YOU'RE REVIEWING? RIGHT.
I, LET ME ADD A COUPLE OF COMMENTS HERE REAL QUICK.
THAT THE, UM, CITY SECRETARY OFF CITY SECRETARY'S OFFICE REQUIRES, UM, ALL TIP BOARDS TO SET A REGULAR CALENDAR, UM, FOR EACH QUARTER DOES NOT MEAN THAT WE NECESSARILY MEET ON THESE DATES.
THE TIF BOARD ONLY MEETS WHEN THERE'S BUSINESS TO CONDUCT.
SO WE HAVE THESE MEETINGS AS PLACEHOLDERS ON YOUR CALENDAR, AND IF BUSINESS COMES UP, IT JUST HAPPENS TO COINCIDE THESE DAYS, THAT'S GREAT.
IF NOT, WE CALL A SPECIAL MEETING.
LIKE FOR INSTANCE, THIS MEETING TODAY IS A ESPECIALLY CALLED MEETING.
UM, SO IT JUST PUTS A, A PLACE ON YOUR CALENDAR TO HOLD IN CASE WE HAVE BUSINESS TO CONDUCT.
SO THIS IS WHAT THE BOARD WAS, UM,
[00:30:01]
THIS IS HOW THE BOARD WAS HOLDING MEETINGS BACK IN 2022.I PUT IT UP THERE JUST TO PROPOSE TO YOU.
UH, BUT, BUT THIS BOARD CAN CHOOSE ANY DATES OR TIMES THAT WORK BETTER, UM, FOR YOU, UH, AND YOUR SCHEDULES.
WOULD YOU LIKE TO KNOW NOW IF THERE'S A POTENTIAL CONFLICT ON YOU THESE DATES OR WE'RE GONNA ADDRESS THAT AS IT GETS CLOSER.
THIS, THIS IS A GREAT TIME FOR TO TALK ABOUT CONFLICTS.
UM, FOR MYSELF, THIS IS STEVE.
UH, THEY ALL WORK EXCEPT THE, I HAVE A POTENTIAL CONFLICT ON JULY 17TH.
DID YOU HAVE
DOES ANYBODY ELSE HAVE ANY CONFLICTS WITH THESE DAYS OR TIMES? NO, NOT ON MY END.
OKAY, SO THAT'S TWO DOWN FOR THE 17TH.
WHAT ABOUT THURSDAY THE 16TH? WOULD THAT WORK FOR STEVE AND TONY AND EVERYONE ELSE? OH, SORRY, I MISSED BOTH.
WHAT WAS THE ALTERNATE DATE? 16TH AND 17TH.
IT WOULD BE THURSDAY, JULY 16TH AT 1130.
I THINK I HAVE ABOUT 15TH, ABOUT WEDNESDAY THE 15TH AT 1130.
ANYBODY HAVE ANY PROBLEMS WITH THAT? I HAVE A CONFLICT.
THAT IS A HISTORICAL COMMISSION MEETING.
SO WHY, WHAT IF WE PUSHED IT BACK BY A WEEK, UM, ON FRIDAY? THE, WHERE IS THAT 10TH DO JULY 10TH? YEAH.
WORKS FOR ME IN PERSON OR IS THIS GONNA BE ZOOM? IT CAN BE, UM, IN PERSON OR HYBRID.
OH, WELL THAT, IT, IT'S, UH, YOU KNOW, WE'D LIKE, WE'D LIKE TO, WE'D LOVE TO, TO, TO, TO DO THIS IN PERSON.
HOWEVER, IF, IF YOU'RE UNABLE TO DO SO, YOU KNOW, WE WOULD STILL, YOU KNOW, UH, HAVE AN OPPORTUNITY TO, TO UH, VIEW IT, UH, VIA ZOOM OR, UM, IS THAT WHAT WE'RE USING RIGHT NOW? IS THAT ZOOM? IT'S, UM, CALLED WEBEX, BUT WEBEX, BUT, UH, PREFERABLY IN PERSON IF POSSIBLE.
SO THEN, THEN IT LOOKS LIKE IT'S, WE'RE ALL GOOD EXCEPT FOR IT'LL BE FRIDAY, JULY 10TH AT 11:30 AM SO THEN WE WOULD SEE A MOTION, UM, AS CORRECTED.
ALRIGHT, SO, UM, SO, UH, DO I HAVE A MOTION TO, UH, APPROVE THE, UH, THE DATES THAT WE'VE DISCUSSED WITH CORRECTIONS? SO, MOVED BY STEVE SECOND.
ALRIGHT, YOU GOT A SECOND HERE.
SO, YEAH, SO, UH, INTRODUCTIONS, UH, WE HAVE A LOT OF NEW FACES ON THE BOARD.
ALRIGHT, SO AGAIN, SO IT LOOKS LIKE WE HAVE FOUR.
WE'RE GONNA GO AHEAD AND GET STARTED WITH AGENDA ITEM NUMBER ONE.
UM, HOPEFULLY EVERYBODY HAS A COPY OF THE AGENDA ITEMS. UM, IF NOT YOU, YOU KNOW, PLEASE KNOW, LET US KNOW.
WE CAN TRY TO GET THAT TO YOU.
DOES EVERYBODY HAVE A COPY? NO, WE DON'T.
OKAY,
EVERYBODY HAS THEIR CAMERA ON.
ROY, ARE YOU THERE? DO YOU HAPPEN TO HAVE A CAMERA? ROY? ROY'S ON OUR TEAM.
ALRIGHT THEN, UM, WE'LL GO AHEAD AND GET STARTED THEN.
WE'LL START OUT WITH INTRODUCTIONS.
I'LL GO AHEAD AND BEGIN, UH, WITH MYSELF.
UH, I'M, UH, FOR THE, UH, I'M THE, UH, ACTUALLY THE VICE, UH, CHAIR OF THE, UH, SOUTHWESTERN MEDICAL TIFF BOARD AND I'VE BEEN WITH THE BOARD SINCE ABOUT 2021.
AND, UH, DEFINITELY, UH, GLAD THAT WE'RE, UH, MEETING AGAIN.
UM, I ACTUALLY SERVE AT UT SOUTHWESTERN MEDICAL CENTER.
I WORKED AT, UH, FULL-TIME, UH, HUMAN RESOURCES, BUT I'M DEFINITELY AN ACTIVE CHAIR MEMBER HERE.
AND, UH, YOU KNOW, READY TO KIND OF, UH, GET THE YEAR STARTED AND, UH, YOU KNOW, I CAN'T WAIT TO SEE WHAT'S, UH, WHAT'S ON THE AGENDA MOVING FORWARD.
UM, WE'LL GO AHEAD AND GO AROUND THE ROOM.
WE'LL GO AHEAD AND START OUT WITH, UM, WHO DO WE HAVE, UM, THE NAME? LUIS, ARE YOU THERE? YEP.
LUIS, WANNA GO AHEAD AND INTRODUCE YOURSELF? SURE.
HI, UH, LUIS DAMO AND I AM THE REPRESENTATIVE FOR THE TIF BOARD, UH, FROM DALLAS COUNTY.
AND I'VE BEEN, UH, ON THE TIF BOARD SINCE 2021.
[00:35:01]
NEXT? STEVE? STEVEN.UM, THE CEO AT, UH, PCCI, DEPARTMENT CENTER FOR CLINICAL INNOVATION.
UM, JOINED THE BOARD, UH, I THINK WAS, UH, UH, IN THE FALL OF LAST YEAR, BUT, UH, THIS IS THE FIRST, UH, MEETING, UH, SO LOOKING FORWARD TO IT.
DO YOU WORK AT, UH, PARKLAND HOSPITAL? UM, FOR PCCI, WHICH IS, UH, A SEPARATE, UH, UH, 5 0 1 C3 THAT'S AFFILIATED WITH PARKLAND.
I, I USED TO WORK FOR PARKINSON.
UM, I WAS INTRODUCED TO THE BOARD BY JESSE MORENO.
UH, MY FULL-TIME JOB IS WORKING AT AMAZON, DOING DIGITAL MARKETING FOR THEM.
AND OH, YOU SURE? UH, I AM TONY BETA, CEO OF THE NORTH TEXAS L-G-B-T-Q CHAMBER OF COMMERCE.
AND UH, I WAS INVITED TO THIS BY, I THINK BY OMAR MORGAN, LEFT OFFICE.
UH, SO I'VE DONE A LOT OF PAPERWORK, BUT THIS IS MY FIRST MEETING.
THANK YOU TONY FOR SO MUCH FOR COMING TO, COMING IN PERSON.
SO LES BLAKE, I'M THE MANAGER FOR THE ECONOMIC DEVELOPMENT PROGRAM FOR THREE TIPS.
UM, I HAVE THE SOUTHWESTERN MEDICAL TIFF DISTRICT, THE MAPLE MOCKINGBIRD DIS DISTRICT, AS WELL AS DAVIS GARDEN.
AND I'M NOT GONNA GO TO MATEO.
AND MY NAME IS MATEO ALEXANDER.
I'M THE ACADEMIC DEVELOPMENT COORDINATOR WITH THE OFFICE ECONOMIC.
AND WE ALSO HAVE TANISHA MARVELS, WHO'S ON OUR TEAM ON THE PHONE, AND SHE IS, UM, HANDLING THE FINANCE, UH, COMPONENT OF THE ANNUAL REPORT, HAVE HER HANDLE ANY HARD QUESTIONS THAT YOU MIGHT HAVE FOR ME.
ROY IS ALSO ECONOMIC DEVELOPMENT COORDINATOR.
HE'S ON THE CALL WITH US AS WELL.
SO THANK YOU SO MUCH FOR, FOR THE INTRODUCTIONS.
UH, THE LAST TIME WE MET WAS ABOUT FOUR YEARS AGO, I THINK, MYSELF AND MR. TOMA, I THINK YOU AND I ARE YOU, UH, THE LAST ONE.
SO WE'RE, WE'RE, WE'RE GLAD TO HAVE SOME NEW FACES AND SOME NEW VOICES ON THE BOARD.
SO WE'RE GONNA MOVE ON TO, TO ITEM NUMBER TWO, UNLESS ANYONE ELSE HAS ANY ADDITIONAL COMMENTS THEY WANNA MAKE AS FAR AS THE, YOU'D LIKE.
UM, SO, UM, PUBLIC COMMENTS PERTAINING TO THE AGENDA ITEMS. UM, SO, UH, WE'RE GONNA ON, SO THAT WOULD BE, UH, PUBLIC COMMENTS.
DOES ANYBODY HAVE ANY ADDITIONAL COMMENTS TO MAKE TODAY OR ANY, ANY NEW BUSINESS, UH, THEY'D LIKE TO DISCUSS? NO.
SO, UH, AGAIN, SO LET ME JUST, JUST REMIND EVERYONE THAT THERE'S NO RESPONSE TO THE PUBLIC INPUT FROM THE BOARD DURING THE MEETING, UH, IF NECESSARY, INDIRECT STAFF TO RESEARCH ANY ISSUES BROUGHT TO US AND POTENTIALLY ADD TO FUTURE AGENDA.
UH, SO, UM, KEEP THAT IN MIND.
SO WE'RE THE NEXT, WE'RE GONNA MOVE ON TO, UH, TO REVIEW AND CON REVIEW AND CONSIDERATE CONSIDERATION OF THE MEETING RECORD FROM THE, UH, JANUARY 22ND, 2021, UH, SOUTHWESTERN MEDICAL DISTRICT BOARD MEETING.
OKAY, I, I DO HAVE CORRECTION I NEED TO MAKE TO THE MINUTES.
THE, UM, BOARD MEMBER NON INDEPENDENTS IS LISTED AS MR. ELMORE.
WE STRIKE THAT FROM THE, THE MEETING RECORD.
SO IF ANY MOVEMENT FOR APPROVAL WOULD NEED TO BE, UM, MOVED WITH THE, WITH THE, UH, CORRECTION, A MOTION MAY TO APPROVE THE AGENDA AS CORRECTED.
I'LL MAKE A MOTION TO MOVE THE AGENDA AS CORRECTED.
WHO WAS THAT? WHO WAS THAT, THAT SECOND STEVE.
ALRIGHT, SO THE HAS BEEN PASSED, UH, TO APPROVE THE, UH, JANUARY 22ND, 2021 MINUTES WITH CORRECTIONS.
WE NEED TO HAVE A, A VOTE, UM, AND RAISE YOUR HAND.
SO, UH, EVERYONE IN FAVOR OF, UH, UH, APPROVING THE JANUARY 22ND, 2021 MINUTES.
ALRIGHT, SO NOW WE'RE GONNA MOVE ON.
UM, IF, IF, DOES ANYBODY HAVE ANY QUESTIONS OR CONCERNS, UH, REGARDING THE MINUTES? OKAY, THEN WE'LL MOVE ON TO NUMBER FIVE, UH, NOMINATION AND THE ELECTION OF THE VICE CHAIRPERSON FOR THE SOUTHWESTERN MEDICAL TIP DISTRICT BOARD MEMBER BOARD OF DIRECTORS.
[00:40:02]
OKAY, I RIGHT HERE, THESE ARE THE OLD MINUTES.UM, THANK YOU GUYS, I APPRECIATE IT.
UH, SO, UM, ALRIGHT, SO THE STAFF IS REQUESTING A RECOMMENDATION, UH, FROM THE BOARD FOR THIS ITEM AS PRESENTED.
AND THE BOARD FORWARD A RECOMMENDATION OF APPROVAL TO CITY COUNCIL.
UH, ANY MOTION FOR APPROVAL SHOULD INCLUDE THE CAVEAT THAT THE REPORT IS SUBJECT TO CHANGE PRIOR TO.
UM, AT THIS POINT I'LL ENTERTAIN A MOTION FOR AGENDA ITEM NUMBER BEFORE, UM, AGAIN, WE ALL, UH, THAT THE, THAT THE, WE ALL AGREED ON THE REPORT AND, UH, THAT IT WILL BE PASSED, UH, WITH THE, UH, NOTED APPROVALS, UH, NOTED CHANGES.
AND CHAIR, I DO HAVE A PRESENTATION AND I CAN ROLL THROUGH FOR WITH THE BOARD, UH, TO INFORM YOUR DECISION.
SO, UM, FIRST, WELCOME EVERYONE.
THANK YOU SO MUCH FOR TAKING THE TIME OUT OF YOUR VERY BUSY SCHEDULES TO BE HERE AND TO SERVE ON THIS IMPORTANT BOARD.
AND AS, UM, MR. CASADA SAID, IT IS BEEN FOUR YEARS AND IT'S BEEN A LONG, FOR YEARS WAITING FOR A, A BOARD TO BE SEATED.
AND IT'S, THE TIMING IS PERFECT.
WE HAVE, UM, SOME PROJECTS THAT I HOPE WE BRING TO YOU HERE SHORTLY, AND I THINK THIS IS A GREAT INTRODUCTION FOR YOU TO COME IN AND LOOK AT WHAT JUST HAPPENED THIS PAST YEAR.
GREAT WAY TO LEARN ABOUT OUR PROGRAMS AND, UM, SEE SOME OF THE THINGS THAT WE'VE DONE AND LOOK FORWARD TO THE THINGS THAT WE'RE GOING TO BE DOING.
SO WITH THAT, LET ME GO AHEAD AND, AND, UH, I SENT THE, THE REPORT TO YOU IN ADVANCE.
HOPEFULLY YOU'VE HAD A CHANCE TO HAVING THUMB THROUGH IT AND TAKE SOME NOTES HERE AND THERE.
BUT I'M GONNA HIT JUST DO A HIGH LEVEL OVERVIEW WITH YOU AND AT THE END I'M HAPPY TO ANSWER ANY QUESTIONS THAT YOU MAY HAVE.
SO IF WE WANNA GO AHEAD AND SCROLL DOWN TO THE MEETING.
UM, THEY, IF WE GO AHEAD AND START WITH, I THINK IT'S ABOUT PAGE FOUR, TAKING OVER AT THE TERM OF THE DISTRICT.
I, I THINK IF, IF YOU GUYS PROBABLY READ THROUGH THIS, YOU REALIZE THAT THERE'S ONLY TWO YEARS LEFT IN THIS TIF DISTRICT.
IT'S A 22 YEAR TERM AND IT, UH, ENDS IN, IN 2027.
BUT SPOILER ALERT, WE'RE PLANNING ON EXPANDING IT INTO A NEW TWO.