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[Transportation and Infrastructure on February 17, 2026.]
INFRASTRUCTURE COMMITTEE. OUR 1ST ORDER OF BUSINESS IS APPROVAL OF THE MINUTES FOR THE JANUARY 20TH TRANSPORTATION AND INFRASTRUCTURE COMMITTEE MEETING.SECOND, ANY DISCUSSION? ALL THOSE IN FAVOR, PLEASE SAY AYE.
AYE. ANY OPPOSED? MOTIONS APPROVED. MINUTES ARE APPROVED.
NEXT ITEM IS BRIEFING ITEM A COMPREHENSIVE STORMWATER ASSESSMENT OVERVIEW FROM SARAH STANFORD, DIRECTOR OF DALLAS WATER UTILITIES.
GOOD AFTERNOON. CHAIR, HONORABLE MAYOR, MEMBERS OF COUNCIL.
AND MATTHEW PINK IS OUR DEPUTY DIRECTOR OVER OUR CAPITAL DEVELOPMENT PROGRAM.
AS INTRODUCED, I'M SARAH STANDIFER, THE DEPARTMENT DIRECTOR.
WE'RE GOING TO OUTLINE THE FUNCTIONS THAT ARE WITHIN THAT STORM DRAINAGE MANAGEMENT PROGRAM. WE'RE GOING TO GO OVER SORT OF THE OBJECTIVES OF THIS STUDY THAT WAS UNDERTAKEN THAT LOOKS AT BOTH OPERATIONAL AND CAPITAL, KIND OF A TEN YEAR WHAT DO WE NEED AND HOW DO WE GET THERE? I'M GOING TO DO A QUICK OVERVIEW ON OUR RATES AND DEVELOPMENT THAT PLAYS INTO THE ONGOING CONVERSATIONS WE'VE HAD ABOUT HOW WE FUND THE DRAINAGE PROGRAM AND CAPITAL IN THE FUTURE, AND THEN WE'LL KIND OF TALK ABOUT NEXT STEPS.
INCLUDED IN THAT PERMIT ARE ACTIVITIES ACROSS THE CITY THAT WE WORK ON.
WE HAVE 11 PUMP STATIONS SITES, SO THERE'S SEVERAL STATIONS WITHIN A SITE.
WE HAVE ABOUT 661 MILES OF CREEK ACROSS THE CITY.
WHAT IS UNIQUE TO THAT IS THAT THERE'S ONLY ABOUT 160 MILES.
THERE'S ALSO ABOUT 3000 4000 ACRES OF FLOODPLAIN.
SO THAT IS ALSO A PUBLIC PRIVATE COMBINATION FLOODPLAIN.
LAND CAN BE DEVELOPED UNDER CERTAIN CONDITIONS THAT MEET OUR REGULATORY REQUIREMENTS.
WE HAVE 6 PRESSURE SEWERS THAT BRING IN THE WATER TO THE TRINITY.
AND WE HAVE ABOUT A 30 MILE LEVEE SYSTEM ON SLIDE 4.
THIS PICTURE IS REALLY MORE A REPRESENTATION OF SORT OF THE HISTORY OF URBANIZATION.
SO DALLAS IS AN OLDER CITY. WE STILL HAVE SYSTEMS AND PIPES IN PLACE THAT ARE FROM THE 30S AND 40S.
SOME OF THEM ARE CLAY. SO THE OLDER THEY ARE, THE CLAY, THEY ARE ALL AT THE TIME THAT THEY WERE DEVELOPED, BUILT TO THAT STANDARD. RIGHT. SO ABOUT 85% OF OUR SYSTEM IS UNDERSIZED TODAY TO MEET CURRENT STANDARDS.
THE OTHER PIECE THAT IS REALLY IMPORTANT IN HERE IS THAT WE ARE A NFIP COMMUNITY.
WE'RE A COMMUNITY RATING SYSTEM. YOU ALL HAVE HAD FEMA COME TALK WITH YOU ALL PREVIOUSLY. WE'RE A CLASS THREE, WHICH MEANS ANY OF OUR PROPERTY OWNERS WHO DO HAVE PROPERTY WITHIN A FLOODPLAIN RECEIVE A 35% DISCOUNT ON THEIR FLOOD INSURANCE.
THAT'S MANDATORY IF THEY HAVE A FEDERALLY BACKED MORTGAGE.
SO WE'RE LOOKING AT BOTH HARD SYSTEMS. SO PIPES, LEVEES, PUMP STATIONS, CULVERTS, CREEKS FROM THE NATURAL SYSTEMS AND THEN OUR FLOODWAY MANAGEMENT AREAS. WE HAVE A NEIGHBORHOOD DRAINAGE SERVICE TEAM THAT WAS FULLY ESTABLISHED IN FY 2018.
THEY WERE RELATIVELY NEW PREVIOUSLY. WE WERE WORKING AS A SMALLER TEAM ACROSS ALL OF THE CITY, MORE RESPONSIVE AS OPPOSED TO PROACTIVE. WE HAVE OUR STORMWATER COMPLIANCE TEAM.
THAT TEAM DOES OUR WATER QUALITY, OUR INDUSTRIAL AND CONSTRUCTION INSPECTIONS.
IT'S THE TEAMS THAT MAKE SURE THAT OUR FOOTPRINTS DON'T END UP INTO THE CREEKS AND WATERWAYS.
WE HAVE A FLOODWAY OPERATIONS TEAM. THEY MANAGE OUR FLOODED ROADWAY WARNING SYSTEMS, THEY MANAGE OUR PUMP STATIONS, ALL OF YOUR ALERT SYSTEMS, AND THEN LEVEE AND SUMP MAINTENANCE.
OUR FLOODPLAIN MANAGEMENT GROUP IS OVERSEEING BOTH THE PRIVATE DEVELOPMENT.
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SYSTEM WIDE EXPENSES, A NOTATION ON THAT THAT IS ALSO INCLUSIVE OF WHERE WE REIMBURSE OTHER CITY DEPARTMENTS FOR WORK THAT THEY'RE DOING ON OUR BEHALF.AT THIS POINT, I'M GOING TO TURN IT OVER TO EDUARDO AND LET HIM TALK A LITTLE BIT ABOUT WHERE WE'RE HEADED, AND THEN WE WILL HAND IT BACK OVER TO YOU ALL.
THANK YOU. MOVING TO THE CAPITAL IMPROVEMENT PROGRAM, OUR CAPITAL IMPROVEMENT PROGRAM FOCUSES ON FLOOD MANAGEMENT, STORM DRAINAGE RELIEF, AND EROSION CONTROL. THESE ARE THE T3 CATEGORIES WE OVERSEE UNDER THE CIP.
AND THESE INVESTMENTS REDUCE FLOOD RISK AND PROTECT PROPERTY.
ON SLIDE NUMBER 8, THE CSDSA ASSESSMENT AIMED TO REVIEW ORGANIZATION STRUCTURE AND BUSINESS PROCESSES, BENCHMARK AGAINST PEERS, FOLLOWED BY A GAP ANALYSIS, AND IN WHICH DEVELOP RECOMMENDATIONS TO STRENGTHEN OUR ORGANIZATION AND SERVICES.
NEXT SLIDE ABOUT BENCHMARKING AND GAP ANALYSIS.
WE COMPARED DALLAS TO PEER UTILITIES NATIONWIDE.
TO MENTION SOME WE SPOKE AND COORDINATED WITH AUSTIN, CHARLOTTE, LOUISVILLE, METROPOLITAN SEWER DISTRICT, SAN ANTONIO AND MARICOPA COUNTY. BEST PRACTICES WERE IDENTIFIED IN DRAINAGE, MAINTENANCE AND FLOOD CONTROL, STORMWATER QUALITY MONITORING AS WELL PLANNING AND FUNDING STRUCTURES.
AS A RESULT OF THAT, WE PERFORM A GAP ANALYSIS AS WELL.
COMPARE CURRENT STORMWATER CAPABILITIES TO INDUSTRY STANDARDS AND REGULATORY EXPECTATIONS.
THE KEY TAKEAWAYS FROM THESE 2 EFFORTS. WE IDENTIFY STAFFING GAPS FROM SOME OF OUR PROGRAMS. WE IDENTIFIED AN ASSET MANAGEMENT, THAT PROGRAM THAT NEEDS TO BE FORMALIZED AS WELL.
THAT INCLUDES INSPECTION AND STRENGTHEN OUR CIP PRIORITIZATION PROCESS.
MONITORING AND ENFORCEMENT CAN BE STRENGTHENED AS WELL.
SLIDE NUMBER 10 ORGANIZATION A 10 YEAR ORG STRUCTURE PLAN WAS PROPOSED FOR STABILITY.
THIS ORG CHART PROPOSED ORG FOCUSES ON AREAS ENVIRONMENTAL RESOURCES IS 1.
INFRASTRUCTURE MANAGEMENT. PLANNING AND ENGINEERING AND BUSINESS SUPPORT.
THESE ARE PROGRAMS THAT WE HAD ALREADY IN PLACE, BUT WE IDENTIFIED GAPS WHERE WE COULD FORMALIZE OUR PROGRAMS AND PROCESSES AND STRENGTHEN OUR SERVICES WITHIN THESE DIVISIONS AND PROGRAMS THAT WE HAVE WITH DALLAS.
WE IDENTIFIED THE CCTV INSPECTION AND SCORING GUIDE.
DECISIONS ARE CRITICAL AND NEED TO BE FORMALIZED IN A WAY THAT WE CAN HAVE GUIDED DECISIONS, DATA DRIVEN DECISIONS. ABOUT 10% OF THE SYSTEM IS INSPECTED ANNUALLY AND MOVING TO SLIDE NUMBER 12, EXPANDING ON RISK RISK PRIORITIZATION ANALYSIS.
THIS IS THE 1ST FULL ASSET MANAGEMENT FRAMEWORK IN WHICH WE INCLUDED ABOUT 1700 MILES.
THIS EFFORT WAS FOCUSED ON LARGE PIPES 24 INCH AND GREATER.
AND THE RESULTS FROM THIS EFFORT WE IDENTIFIED 70% OF OUR INFRASTRUCTURE IS LOW RISK, 29% MODERATE, AND 1.5% HIGH RISK. WE CONFIRMED THAT STANDARDIZED, DATA DRIVEN RENEWAL DECISION TREE WOULD HELP US IN A WAY TO GUIDE MAINTENANCE, REHABILITATION VERSUS REPLACEMENTS AND PRIORITIZATION AS WELL.
NEXT SLIDE. THE CSDSA STORMWATER SYSTEM MODELING.
WE LOOKED AT THE CITY'S WATERSHEDS IN TERMS OF FLOOD RISK CRITERIA THAT INCLUDED SEVERITY, FREQUENCY AND TYPE OF ISSUE. THIS INFORMATION CAME FROM WE USE INFORMATION FROM PRIOR STUDIES, PUBLIC CALLS, 311 INQUIRIES, HISTORICAL STREET FLOODING REPORTS THAT ALLOW US TO IDENTIFY THESE 47 WATERSHEDS AS
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HIGH RISK AREAS TO STUDY. AS A RESULT OF THAT, WE IDENTIFIED 2600 STRUCTURES AND 56 MILES OF ROADS WERE IDENTIFIED AS FLOOD PRONE AND RESULTING IN 106 MITIGATION CONCEPTS WERE DEVELOPED TO IDENTIFY POTENTIAL SOLUTIONS TO REDUCE FLOOD RISK WITHIN THESE NEIGHBORHOODS.WE, IN ADDITION TO THAT, IDENTIFIED 10 PRIORITY AREAS ADVANCED FOR A DETAILED STUDY THAT WE CAN ADVANCE THOSE AREAS INTO DESIGN AND THE FUTURE INTO CONSTRUCTION AS WELL. YOU KNOW, ONCE AGAIN, THE GOAL WAS TO HELP US TARGET INVESTMENTS WHERE THEY MATTER MOST.
SOME OF THE RECOMMENDATIONS INCLUDED ENHANCEMENT CATEGORIZATION AND HENCE OUR CATEGORIZATION ON THE NEEDS INVENTORY SO THAT WE CAN BETTER PLAN AND IDENTIFY NEEDS AND PRIORITIZATION TOOLS AS WELL.
AND THE FUNDING PRIORITY AND SEQUENCE THAT WAS IDENTIFIED AS PART OF THIS EFFORT WAS TO IDENTIFY THE 3 AREAS THAT WE'LL NEED TO ALLOCATE FUNDING AS THE NUMBER 1 PRIORITY LIFE SAFETY, REGULATORY MANDATES AND INFRASTRUCTURE FAILURES.
AND THEN NUMBER 2, SUBSEQUENT PHASING AND ONGOING PROJECTS.
THESE ARE LIKE 2ND, 3RD PHASES OF INFRASTRUCTURE DRAINAGE PROJECTS THAT WE HAVE UNDER CONSTRUCTION THAT WE CAN ADVANCE THE INFRASTRUCTURE INTO THOSE NEIGHBORHOODS AS WELL. SLIDE NUMBER 15. THE NEEDS INVENTORY SITS AS OF TODAY AT $8.73 BILLION. AS A REMINDER, THIS. THE NEEDS INVENTORY BUILDS A CITYWIDE DATABASE WITH ESTIMATED COST. THIS IS DATA INPUTS THAT COME FROM REPORTED FLOODING FROM RESIDENTS AND BUSINESSES AND STUDIES INFORMATION THAT WE CAPTURE AND WE ENTER INTO THE NEEDS INVENTORY.
THESE ARE 2025 DOLLARS ESTIMATES AND MAY CHANGE OVER THE YEARS.
AND THIS REPRESENTS LONG TERM NEEDS, NOT IMMEDIATE SPENDING.
SO WITH THAT, I'LL TURN IT OVER TO SARAH. SO TO KIND OF WRAP THIS UP AS A REMINDER, IN 2017, IT WAS SORT OF THE FIRST OF A RATE INCREASE THAT LOOKED AT CREATING A PAY AS YOU GO PROGRAM TO FUND THESE CAPITAL INVESTMENTS.
SO WE KNEW THAT IT WASN'T WORKING THE WAY THAT EVERYBODY WANTED IT TO.
WE HAD DONE A COMMUNITY BOND TASK FORCE. THAT TASK FORCE HAD COME OUT WITH RECOMMENDATIONS TO THE COUNCIL THAT SAID, YOU NEED TO PHASE OUT OF A BOND PROGRAM, YOU NEED TO PHASE INTO PAY AS YOU GO AND EVENTUALLY REVENUE BONDS OF SOME SORT SO THAT THERE IS A RELIABLE METHOD TO FUND DRAINAGE SO THAT WE DON'T END UP KIND OF WHERE WE ARE TODAY.
RIGHT. WE WANT TO BE ABLE TO GET AHEAD OF THE SYSTEM. WE'RE NOT GOING TO WE'RE NOT GOING TO GET AHEAD, BUT WE'RE GOING TO DO WHAT'S RIGHT FOR THE SYSTEM. SO THAT WAS THE 1ST RATE INCREASE SINCE THE WE HAD ONE SMALL RATE INCREASE IN LIKE 2009.
BUT BEFORE THAT IT WAS THE 90S, SINCE THAT RATE HAD BEEN INCREASED DURING THE 2425 TIME FRAME.
AND THEN LATER ON THIS YEAR AND THE NEXT SLIDE, YOU'RE GOING TO SEE THE UPCOMING AGENDA ITEM, THAT WE'LL TALK ABOUT A COMMERCIAL PAPER PROGRAM SO THAT WE CAN MOVE THE DRAINAGE FORWARD ON THAT SCHEDULE THAT WE'RE SHOWING YOU, AND KIND OF $10 MILLION INCREMENTS OVER TIME.
BUT OVER TIME, WE WILL GET TO ABOUT A $95 MILLION CAPITAL PROGRAM FOR DRAINAGE EACH YEAR.
THIS SHOWS YOU YOUR KIND OF YOUR RESIDENTIAL RATE FOR THOSE RATEPAYERS THAT EVERYBODY PAYS DRAINAGE, YOU PAY ON A VACANT CHARGE AND YOU ARE EITHER A RESIDENTIAL OR NONRESIDENTIAL CUSTOMER.
IT IS AN IMPERVIOUS CALCULATION. YOU CAN SEE IT AS SMALL INCREMENTAL INCREASES.
THEY RANGE BETWEEN FIVE AND A HALF TO ABOUT 6.5%.
THIS ACCOMMODATES GROWTH IN OPERATIONS AS WELL AS THE CAPITAL PROGRAM AND DEBT SERVICE ASSOCIATED.
WE'RE GOING TO CONTINUE TO MOVE FORWARD WITH MAKING THOSE ADJUSTMENTS IN OUR OPERATIONAL PROGRAMS, STRENGTHEN UP SOME OF OUR ASSET MANAGEMENT AND THEN CONTINUE TO ENHANCE THAT NEEDS INVENTORY AND PLANNING PROCESS AS WE MOVE FORWARD INTO THE NEXT BUDGET YEAR AND CYCLE. YOU'LL ALSO SEE US TALK MORE ABOUT THAT RATE AND HOW IT IMPACTS OUR OVERALL OPERATIONS.
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SO AT THIS TIME, WE'RE HAPPY TO ENTERTAIN QUESTIONS IF YOU'VE GOT SOME.WELL, THANK YOU VERY MUCH FOR THE PRESENTATION, SARAH AND EDUARDO.
IT WAS VERY INFORMATIVE. I'LL START WITH QUESTIONS ON MY RIGHT, MISS MENDELSOHN.
THANK YOU. I HAVE VERY FEW, ACTUALLY. I'M VERY HAPPY YOU'RE MOVING TO A REVENUE BOND PROGRAM.
IT WAS WHY I WAS OPPOSED TO THE GENERAL OBLIGATION BOND PROGRAM.
BECAUSE I THINK IT NEEDS TO BE SELF-SUPPORTING.
THE THE QUESTION I HAVE FOR YOU IS FOR THE COMMERCIAL PAPER.
WHAT'S THE SOURCE OF REVENUE FOR THAT? IT IS YOUR ACTUAL STORMWATER RATE THAT YOU PAY EACH MONTH.
SO IT'S BACKED BY YOUR REVENUE. THANK YOU. AND THEN YOU ADDED SOME EXTRA INFORMATION TO THE SLIDE ABOUT WHAT PERCENTAGES WERE OWNED BY THE CITY AND PRIVATE.
I WAS WONDERING IF YOU COULD JUST GO BACK THROUGH THAT. YES, MA'AM.
SO I BELIEVE YOU ARE REFERENCING SLIDE THREE.
YES. SO WE HAVE 1800 MILES OF STORM SEWER. THOSE ARE OWNED BY THE CITY.
WE INSPECT THEM, MAINTAIN THEM AND OPERATE THEM.
WE HAVE 11 LEVEE PUMP STATIONS, 661 MILES OF CREEK, OF WHICH ABOUT 160 MILES ARE OWNED BY THE CITY.
THE REMAINING IS PRIVATE OWNERSHIP IN THE STATE.
OFF THE TOP OF MY HEAD, I BELIEVE IT'S ABOUT 12,000 ACRES THAT ARE PRIVATELY HELD.
THE REMAINING IS WITHIN SOME SOME FORM. AND THINK ABOUT, YOU KNOW, THE TRINITY FLOODWAY, YOUR DALLAS FLOODWAY EXTENSION, OR THE GREAT TRINITY FOREST IS A LARGE AMOUNT OF THAT.
YOU'VE GOT WHITE ROCK CREEK AROUND THOSE AREAS PARKS THAT HAVE LIKE BB PARK OR THOSE THAT HAVE DISC COURSES, THINGS WHERE YOU DON'T BUILD THOSE OR OWNED SORT OF IN THE CITY.
HOW MUCH WAS THAT ON FLOODPLAIN? THERE'S ABOUT 12,000 IN PRIVATE OWNERSHIP.
I'LL GET YOU AN EXACT NUMBER AS A FOLLOW UP. OKAY.
BUT ABOUT 23,000 ACRES ARE WITHIN EITHER DW OR PARKS PURVIEW.
OKAY. SO ON THE THE 160 MILES THAT ARE OWNED BY THE CITY OF THE CREEK, COMPARED TO THE 661 MILES TOTAL, THAT'S A LOT OF PRIVATE OWNERSHIP.
SO WHEN THERE'S EROSION ISSUES ON THE PRIVATE OWNERSHIP, HOW DOES THAT WORK? THE PRIVATE PROPERTY OWNER IS RESPONSIBLE FOR ANY IMPROVEMENTS, EROSION CONTROL OR MAINTENANCE.
THE CITY HAS IN THE LATE 80S APPROVED A RESOLUTION AUTHORIZING THE CITY TO PLACE THESE IN OUR NEEDS INVENTORY, AND AS FUNDS ARE AVAILABLE, THEN WE COULD FUND THOSE.
IF YOU LOOK ON SLIDE, LET ME GET YOU THAT SLIDE.
APOLOGIZE. 35.35. THANK YOU. SLIDE 35. YOU WILL SEE THE KIND OF TOTAL ROUND OUT.
SO IT IS A LARGE DOLLAR AMOUNT TO COVER THAT PRIVATE EROSION.
AND IT IS NOT QUICK. SO WE HAVE TRADITIONALLY TOLD RESIDENTS AND PROPERTY OWNERS THAT YOU COULD BE 20 OR 30 YEARS THAT YOUR BEST DEFENSE IS TO TAKE CARE OF YOUR CREEK OWNERSHIP AND ADDRESS THE EROSION ON YOUR OWN. AND SO IS THERE SOME DISCLOSURE WHEN THEY'RE BUYING THE PROPERTY THAT NOTIFIES THEM THAT IT IS NOT THE CITY'S RESPONSIBILITY TO DO IT? ALTHOUGH WE DO. I THINK YOU HAVE PREVIOUSLY SAID IF THERE'S LIKE A LOSS OF THE STRUCTURE OR A SAFETY ISSUE.
IS THAT YOUR CRITERIA? SO IT IS A TECHNICAL SCORING UNTIL A STRUCTURE AND NOT A NOT A POOL, NOT A GARAGE HOUSE. THE ACTUAL LIVABLE STRUCTURE IS IMPACTED.
IT DOES NOT TYPICALLY SCORE VERY HIGH ON THOSE TECHNICAL RATINGS.
AS A PERSON, DO I THINK THERE'S ENOUGH DISCLOSURE? NO, BUT IT IS THERE. IF YOU'RE READING YOUR PAPERWORK, YOUR REALTOR SHOULD BE INFORMING YOU OF THAT.
OKAY. CAN YOU GIVE US A GENERAL IDEA OF HOW MUCH WE'RE SPENDING ANNUALLY, OR IF YOU NEED TO DO IT OVER A PERIOD OF TIME TO DO PRIVATE EROSION PROJECTS? LET ME GO BACK AND PULL THAT DATA FOR YOU ALL, BECAUSE WE WILL HAVE IT.
EACH BOND PROGRAM HAD AN ALLOCATION IN THERE, SO I'LL GET IT FOR YOU ON FOLLOW UP.
IS THAT RIGHT? ANYHOW, IT DOESN'T MATTER. THE POINT IS, ONLY.
I JUST DIDN'T KNOW THAT THE CITY WOULD FUND IT.
AND I WAS SURPRISED TO FIND THAT OUT. AND I WOULD WONDER.
I'M GLAD TO HEAR THERE'S SOME TECHNICAL SCORING.
BUT, YOU KNOW, I THINK THERE'S A MASSIVE AMOUNT OF EDUCATION THAT PROBABLY NEEDS TO HAPPEN SO THAT PEOPLE DON'T EXTEND THEIR HOUSE VERY CLOSE TO THE CREEK AND THEN IT'S FALLING IN AND, YOU KNOW, CREEKS MOVE.
SO OKAY. WELL, THANK YOU VERY MUCH FOR THAT INFORMATION.
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IT WAS VERY INTERESTING. VICE CHAIR ROTH. THANK YOU.CHAIR. YOU MENTIONED THAT YOU ALL ARE DOING INSPECTIONS OF THE SEWER LINES OR STORM SEWERS ABOUT 10% EVERY YEAR IN THE $8.7 BILLION SORT OF OF OF IDEA OF, OF ANTICIPATED COSTS.
HOW DO YOU FACTOR IN SORT OF A A RESERVE OR AN AMOUNT PROJECTED FOR FUTURE STUFF.
IT'S REALLY JUST SORT OF A BUDGETING ISSUE THAT YOU'RE YOU'VE ALREADY YOU'RE YOU'RE 10 YEARS FROM NOW WE'RE GOING TO BE LOOKING AT THIS STUFF AGAIN EVERY 10 YEARS. I CAN TAKE A STAB ON THAT QUESTION.
SO THE THE CONDITION ASSESSMENT PROCESS THAT YOU MENTIONED, IT GOES THROUGH OUR TECHNICAL SCORE WHERE WE IDENTIFY AGE, CONDITION, PIPE MATERIAL OF THE INFRASTRUCTURE AND ANYTHING WITHIN A LIFESPAN THAT THAT IS SIGNIFICANTLY REDUCED THAT NEEDS ATTENTION WILL BE ADDED TO THE NEEDS INVENTORY.
SO THE NEEDS INVENTORY AS IT STANDS RIGHT NOW INCLUDES THE ESTIMATED COST FOR DESIGN CONSTRUCTION, THE COST FOR INFRASTRUCTURE REHABILITATION OR REPLACEMENT OF THOSE ASSETS.
SO YES, THE 8.7 ESTIMATED NUMBER THAT WE HAVE WITH $2,025 INCLUDES THE THE PIPE SYSTEMS THAT MAY NEED TO BE REHABILITATED OR REPLACED.
AND AGAIN MAYBE AND I'M SORRY MY QUESTION WAS A LITTLE BIT WAS WAS NOT CLEAR.
BUT HOW MUCH HAVE YOU ALREADY OVER THE PAST SEVERAL YEARS.
HAVE YOU ALREADY INVESTIGATED A LOT OF THESE PIPES? IN OTHER WORDS, WHERE ARE YOU IN THE 10%? SO REVIEWS.
SO WHAT WE'VE WE'VE INSPECTED ALL 1800 MILES OF THE PIPE.
WHAT THE ASSESSMENT SORT OF SAID WAS LET'S CHANGE THE WAY YOU'RE INSPECTING.
FORMALIZING IT UNDER A PCP STANDARDIZED LOOK, AND THEN ADDING IN LAYERS OF AGE CONDITION SO THAT IT'S A MORE REFINED OUTPUT. SO NOT EVERY PIPE THAT'S IN THE GROUND IS THE RIGHT SIZE NECESSARILY, BUT IT MIGHT BE IN GREAT SHAPE.
WE USE A REINFORCED CONCRETE PIPE THAT'S THE ONLY PIPE ALLOWED.
IT'LL CYCLE THEM IN IN MORE DETAIL. OKAY. THANK YOU.
COUNCILWOMAN BLACKMON. THANK YOU. AND MISS MENDELSOHN.
I LIVED ON A CREEK FOR 30 YEARS. SARAH, I THINK YOU VISITED QUITE A BIT.
THE CITY DOESN'T. SO, YES, WHILE IT'S NOT, IT'S IN YOUR PLAT IS WHERE YOU USUALLY DEFINE YOUR YOUR OWNERSHIP, WHICH MEANS SARAH WOULD STOP AT THE THE BRIDGE RIGHT THERE TO.
AND THEN IT BECAME OUR PROBLEM DREDGING IT THREE TIMES.
SO ANYWAY, BACK TO THE 12. SLIDE 12. SO WHEN YOU LOOK AT IDENTIFIED 70% LOW RISK, 29 MODERATE AND THEN 1.45, THAT ACTUALLY SOUNDS REALLY LIKE A HEALTHY SYSTEM.
BUT LIVING IN LAKEWOOD, EAST DALLAS, WE I SEE A LOT OF FLOODING.
IN OTHER WORDS, IS IT MORE CONCENTRATED IN CERTAIN AREAS THAT ARE CONSIDERED HIGH RISK, OR IS IT SEGMENTS THROUGHOUT THE WHOLE CITY THAT JUST KIND OF COMPROMISE THE WHOLE SYSTEM? THIS IS A RISK ASSESSMENT FOR THE EXISTING INFRASTRUCTURE THAT WE HAVE IN PLACE.
MEANING DOES IT HAVE ANY STRUCTURAL DEFECTS THAT MERIT REPLACEMENT.
BUT THERE'S ANOTHER COMPONENT WHEN IT COMES TO DRAINAGE THAT, AS WE MENTIONED PREVIOUSLY, 85% OF OUR INFRASTRUCTURE IS UNDERSIZED, MEANING THAT THE PIPE, THE STRUCTURAL CONDITION OF THE PIPE WILL BE ADEQUATE, BUT IT'S VERY SMALL. GOT IT. SO WE NEED TO UPSIZE IT SO THAT WE CAN BRING FLOOD RELIEF TO THOSE NEIGHBORHOODS.
SO WITH WITH THAT BEING SAID, IF WE HAVE, YOU KNOW, A LOT MORE WATER GOING INTO SMALLER PIPES, WE'RE SEEING A LOT MORE OF THESE VIOLENT RAINSTORMS. ARE WE PREPARING FOR THAT? AS WE READ, AS WE'RE ASSESSING AND LOOKING AT AND BUILDING OUT?
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BECAUSE YOU'RE NOT SAYING IT'S NOT NECESSARILY THE INFRASTRUCTURE PER SE OF FAULTING, IT'S JUST THAT WE DON'T HAVE CAPACITY.SO I GUESS THAT'S THE QUESTION IS, ARE WE SOLVING BOTH AT THE SAME TIME? SO THE CITY ADHERES TO A DRAINAGE STANDARD THAT REQUIRES ALL OF OUR SYSTEMS TO BE AT THAT 100 YEAR OR 1% ANNUAL EXCEEDANCE RATE.
PRIVATE DEVELOPMENT AND PUBLIC DEVELOPMENT. WE HOLD OURSELVES. WE DON'T COMPROMISE ON THAT.
IT INCLUDES SOME HYDROLOGY MODELS AND AND IT'S CONCRETE.
AS NEIGHBORHOODS HAVE CHANGED, AS NEIGHBORHOODS DEVELOP SOME OF OUR UNDEVELOPED AREAS RIGHT NOW ARE NOT QUITE AS HIGH, BUT AS SOON AS THEY'RE DEVELOPED, THEN THEY'RE GOING TO BE IN THE SAME BOAT. RIGHT. CONDITIONS CHANGE. SO IT'S IT'S ALL THE WAY ACROSS THE BOARD, BUT WE WON'T PUT ANYTHING IN THAT DOES NOT MEET THAT 100 YEAR STANDARD. OKAY.
RIGHT. ARE YOU ASSESSING THAT AS WELL. SO YOU'RE LOOKING AT, YOU KNOW, SYSTEM CHANGES TWEAKING THIS VERSUS THAT, NOT JUST REPAIRING IT AS NEEDED. SO I THINK WHAT YOU'RE GOING TO SEE AS WE MOVE FORWARD ARE PHASED APPROACHES.
I'M GOING TO USE MILL CREEK AS AN EXAMPLE BECAUSE THAT, YOU KNOW, THAT IS A MULTI MULTI-GENERATIONAL PROJECT AT THIS POINT AND WILL CONTINUE TO BE. SO. WE'RE GOING TO BE ABLE TO, WITH A SUSTAINABLE FUNDING SOURCE, BEGIN SEGMENTS AND KEEP MOVING THROUGH.
SO THE BEST WAY TO DO DRAINAGE IS DOWNSTREAM TO UPSTREAM NOT UPSTREAM TO DOWNSTREAM.
BUT MOST OF OUR BIG SYSTEMS BETWEEN THE CORPS OF ENGINEERS PROJECT AND THE MILL CREEK TUNNEL WILL BE IN PLAY OVER THE NEXT 2030 TO 2032 TIME FRAME BASED ON CURRENT SCHEDULES. AND SO A LOT OF IT WAS GETTING THAT BASELINE SET TO TAKE THE WATER, BECAUSE ALL OF OUR WATER HAS TO MAKE IT TO THE TRINITY, WHETHER YOU'RE STARTING AT JOE'S CREEK OR WHITE ROCK, AND YOU'RE MAKING IT, MOVING IT ON DOWN OR THROUGH DIXON FIVE MILE, IT'S ALL GOING TO GET TO TRINITY. SO SOME OF THE SYSTEM CLOGS THAT YOU'RE TALKING ABOUT ARE OFTEN A PRODUCT. WE SEE IT A LOT IN THE FALL WHEN THE LEAVES FALL.
WE SEE IT A LOT IN THE SPRING WHEN PEOPLE CHOOSE TO MOW THEIR YARDS.
THE INLETS ARE REALLY NOT ALLOWED TO BE USED AS YOUR RECEPTACLE FOR YOUR GRASS AND LAWN CLIPPINGS.
BUT YOU'LL SEE THOSE CLOGS. SO WE HAVE ON THE OPERATIONAL SIDE, AN ENTIRE TEAM THAT REMOVES CLOGS.
AND THEN WE'VE GOT AREAS WHERE THE PIPES ARE SMALLER, THEY'RE A LITTLE FUSSIER, AND THEY'RE, WE CALL THEM HOT SPOTS. SO WE'VE GOT SOME HOT SPOTS ALONG THE WAY THAT WE CHECK IN ADVANCE OF RAINSTORMS AS WELL, JUST BECAUSE THEY'RE AREAS WE KNOW THERE'S SOME SOME FUSSINESS WITH THE SYSTEM.
SO WE'RE TACKLING IT OPERATIONALLY AND CAPITAL. AND WHEN YOU TALK ABOUT THE FUSSINESS.
YEAH, ALONG OUR RAILROAD CORRIDORS, I THINK WE TEND TO GET I KNOW WE'VE GOT ONE IN EAST DALLAS.
IS THIS AN OPPORTUNITY TO LOOK MORE INTO THAT OR IS THIS IS JUST GOING TO BE WHAT IT IS AND WE'RE GOING TO HAVE TO, YOU KNOW, FEE, FEE PAY AS YOU GO THROUGH A FEE.
SO IT'S AN APPROACH ON ALL ALL FRONTS. RIGHT.
SO YOU ALL APPROVED I BELIEVE IT WAS NOVEMBER, DECEMBER TIME FRAME.
Y'ALL APPROVED AS TO SUBMIT AN APPLICATION TO THE STATE WATER DEVELOPMENT BOARD.
THEY HAVE THE FLOOD INFRASTRUCTURE FUND. NOW THAT FUND IS A LITTLE DIFFERENT THAN THE WATER WASTEWATER FUNDS THEY HAVE AVAILABLE BECAUSE THEY ARE OFFERING GRANTS AND 0% LOANS TO MOVE FORWARD ON PROJECTS. SO THE STATE'S GOT A MECHANISM IF THERE'S SURPLUS IN THE STATE REVENUE AND DEDICATED FUNDS.
OKAY. THANK YOU. COUNCILWOMAN BLAIR. THANK YOU.
CHAIR. I WANT TO CONTINUE WITH THE STORMWATER FLOW AND BLOCKAGE.
I KNOW IN THE SOUTHERN AREA WE HAVE, WE HAVE A LOT OF LAND THAT'S UNDEVELOPED.
AND WE STILL HAVE CULVERTS, WHICH YOU TALKED ABOUT PEOPLE USING IT AS A RECEPTACLE, A SET OF SOMETHING THAT SOME OF THAT IS NATURAL. SOME OF IT IS, AS YOU SAY.
SO MY QUESTION IS THOSE THINGS THAT ARE NATURAL, THAT CAUSES BLOCKAGE, THAT PREVENTS FLOW, CAUSES FLOODING IN AREAS THAT ARE ALREADY LOW LYING.
THEY MAY NOT BE IN FLOOD ZONES, BUT THEY'RE LOW LYING.
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SO OUR BAR DITCH STREETS SOME NEIGHBORHOODS ARE VERY PROUD OF THAT FEEL AND LOOK.AND SOME NEIGHBORHOODS DON'T HAVE ENOUGH WIDTH ON THE STREET TO BE CONVERTED INTO CURB AND GUTTER.
OTHER NEIGHBORHOODS WOULD LIKE CURB AND GUTTER.
SO WHEN YOU LOOK AT THE NEEDS INVENTORY, IT'S A COMBINATION OF ALL OF THAT. OVER TIME, THE CITY DID NOT ENFORCE ON PRIVATE PROPERTY OWNERS THE RESPONSIBILITY TO MAINTAIN THAT BAR DITCH. SO IN LOTS OF NEIGHBORHOODS, IT HAS FILLED IN OR SOMEBODY PLANTED A TREE OR IT'S BECOME PARKING.
WE TRY TO WORK WITH THE NEIGHBORHOODS WHEN THOSE INSTANCES ARE OCCURRING.
SOME NEIGHBORHOODS WOULD PREFER US NOT APPEAR AT ALL.
WE WILL HELP. WE WILL HELP NEIGHBORS WHERE WE CAN.
BUT ULTIMATELY, UNTIL A STREET CONVERTS OVER TO A CURB AND GUTTER WITH PIPES, THAT NATURAL AREA THAT WAS PART OF THE ROAD SYSTEM, THAT'S REALLY NOT NATURAL, RIGHT? IT MIGHT HAVE A U OR A V SHAPE TO.
IT IS ACTUALLY SUPPOSED TO BE FREE AND CLEAR SO THAT THE WATER CAN FLOW.
THEY'D LIKE IT TO CONTINUE TO BE THEIR LANDSCAPED AREA.
BUT OVER TIME, STREETS WILL CONVERT INTO CURB AND GUTTER ACROSS THE CITY.
SO I HAVE A I HAVE SEVERAL AREAS THAT OPERATE LIKE THIS.
SOME ARE ARE NEED SERIOUS NEED OF TRANSFORMATION, IF YOU WILL.
AND THEN, YOU KNOW, AS YOU FURTHER EAST YOU GO, THEY DON'T WANT TO SEE YOU KIND OF AREAS BUT THOSE AREAS THAT ARE IN NEED OF TRANSFORMATION. IS THERE A PLAN ANYWHERE IN THE CITY THAT IS LIKE THAT, WHERE TRANSPORTATION TRANSFORMATION IS NEEDED AND REQUIRED, THAT YOU GUYS HAVE A PLAN IN ORDER TO DO SO? SO I THINK, I THINK WHEN YOU LOOK AT IT IN A COUPLE OF DIFFERENT MANNERS.
RIGHT. SO WE WILL GO OUT AND DO ANY COMMUNITY MEETING.
THE NEIGHBORHOOD. THE OTHER PIECE IS WE PARTNER WITH TRANSPORTATION AND PUBLIC WORKS.
SO YOUR THOROUGHFARES, YOUR NEW STREETS ALL INCLUDE THAT DRAINAGE AS A COMPONENT THERE AS WELL.
WE'VE CHANGED PROCESS A LITTLE BIT IN MY TIME AT THE CITY.
SO IF WE TOOK YOU AND WALKED YOU THROUGH YOUR DISTRICT, YOU'D BE ABLE TO SEE WHERE YOU'VE GOT NEW STREET IMPROVEMENTS THAT WOULD ALSO INCLUDE DRAINAGE. WELL, I HAVE ONE AREA THAT'S THAT'S VERY VERY SENSITIVE BECAUSE TRUCKS PARK ON YOUR STORMWATER DRAINAGE SYSTEM. AND I'M NOT TALKING ABOUT JUST BIG I'M TALKING ABOUT COMMERCIAL VEHICLES, WHICH CAUSES DAMAGES. BUT IF WE WOULD, WOULD IT BE NOT BETTER TO TRANSFORM THOSE INTO AREAS THAT HAVE CURBS AND GUTTER OPPOSED TO BAR DITCHES, SO THAT THAT DOES NOT HAPPEN. SO I THINK THE END GOAL IS THAT YOU'LL SEE ALL STREETS CONVERT AT SOME POINT TO THAT, BUT WE'LL GET WITH YOU AFTERWARDS. AND WE CAN WE CAN TALK ABOUT AN APPROACH AND I'LL GET WITH TRANSPORTATION PUBLIC WORKS AND SEE KIND OF COLLECTIVELY WHERE IT ALL LOOKS.
WHEN YOU TALK. OKAY. SO LET ME MOVE ON. YOU SAID THAT WE ARE ON PAGE 16.
WE'RE LOOKING YOU GUYS ARE LOOKING FOR US TO CONSIDER APPROVAL OF COMMERCIAL PAPER $125 MILLION.
IS THIS PART OF THE PART OF YOUR PROCESSES THAT ARE WHERE YOU WHERE YOU GUYS ARE SUSTAINING YOURSELF? OR IS THIS IN PART WHERE IT'S BEING SUSTAINED BY THE CITY BUDGET? SO THE THE COMMERCIAL PAPER IS A MECHANISM TO FINANCE, AND THEN WE WOULD REFUND THAT IN THE FORM OF A BOND SALE ABOUT EVERY 18 TO 30 MONTHS, DEPENDING ON HOW THE PROJECTS ARE EXECUTED.
WE ARE A SELF-SUSTAINING ENTERPRISE FUND. HOWEVER, IN THE PAST, THE DEBT SERVICE WAS ISSUED UNDER A GENERAL OBLIGATION BOND PROPOSITION. THAT WAS TRANSITIONED KIND OF STARTING IN THAT 2017 2018 TIME FRAME TO MOVE TO PAY AS YOU GO AND THEN THE CERTIFICATES OF OBLIGATION FOR THE 24 AND 25 CAPITAL PROGRAM PROJECTS.
AND I GUESS MY LAST AREA OF CONVERSATION WITH YOU, I CALL IT A CONVERSATION IS ON PAGE 9 WHERE YOU ARE SAYING THAT YOU NEED TO UP YOU'RE NEEDING TO RAMP UP STAFFING.
[00:35:02]
DIDN'T WE JUST REDUCE STAFFING FOR FOR FOR. SO WHEN WE LOOK AT A 10 YEAR PLAN.WE HAVE HISTORICALLY, LIKE MOST OF THE FIELD CENTRIC DEPARTMENTS, WE HAVE TROUBLE STAFFING.
SO SOME OF THIS IS LOOKING AT HOW WE CAN RETOOL, REUSE, REDO POSITIONS.
OVER THE NEXT 10 YEARS, THERE WILL BE SOME DIFFERENT POSITIONS THAT WILL NEED TO BE ADDED INTO DIFFERENT PROGRAMS, BUT YOU WON'T SEE US WITH A 27 BUDGET REQUEST FOR NEW STAFFING.
SO WE'RE GOING TO WORK WITHIN OUR CONSTRAINTS RIGHT NOW. SO QUESTION IF YOU ARE LOOKING TO BE PROACTIVE BECAUSE THAT'S WHAT YOU SAID, YOU WANT IT TO BE IN A MORE PROACTIVE THAN REACTIVE MODE.
WE WANT TO BE ABLE TO GO OUT AND LOOK AT AND AND ASSESS BEFORE IT'S CRITICAL.
WOULD IT STAND TO REASON THAT YOU HAVE A HEAD COUNT, A STAFFING ABILITY THAT WILL ENABLE YOU TO MOVE IN THAT AREA, AS OPPOSED TO REDUCING STAFF OR RE ASSIGNING STAFF? SO THAT YOU CAN MOVE IN THAT, THAT, THAT DIRECTION.
SO IT'S TWOFOLD, RIGHT. I THINK TO BE RESPONSIBLE WITH ANY RATEPAYERS MONEY, IF I'M HAVING TROUBLE HIRING CERTAIN POSITIONS, I'M LOOKING AT DIFFERENT OUTSOURCING OPTIONS AS WELL.
RIGHT. SO WE DO PAY PEOPLE TO ASSIST WITH MOWING AND FLOODWAY AREAS AND SOME OF OUR RISKIER AREAS.
WE HAD A MAINTENANCE WORKER 1, 2 AND 3. YOU HAD TO HAVE A PM FOR EACH ONE OF THOSE.
THOSE ARE OUR POSITION MANAGEMENT CONTROLS. NOW WE CAN BRING SOMEBODY IN WITHOUT A DRIVER'S LICENSE.
WE CAN GET THEM TRAINED WITH A DRIVER'S LICENSE.
THEY'LL MOVE TO THE NEXT LEVEL WITHIN THAT EXISTING CAREER SERIES.
AND I DON'T NEED ANOTHER POSITION OVER HERE THAT NEEDS TO BE FUNDED.
SO IT'S REALLY ABOUT WHAT DO WE HAVE, WHAT CAN WE BRING ON? WE'RE WORKING WITH THE DIFFERENT SCHOOL DISTRICTS TO BRING IN KIND OF ANY THE NEXT GENERATION OF PUBLIC SERVANTS.
YOU ALL HAVE HEARD US SAY THAT ALL AROUND, RIGHT? THE NEXT THE NEXT GENERATION NEEDS TO BE HERE. SO WE'RE WORKING ON ALL DIFFERENT FRONTS RIGHT NOW TO BRING IN THAT STAFF.
IN THE MEANTIME, I'LL SHIFT THEM AROUND TO WHERE THE PROGRAMS NEED THEM.
COUNCILMAN GRACEY. THANK YOU, MR. CHAIR, AND THANK YOU ALL FOR THIS PRESENTATION.
OBVIOUSLY, YOU KNOW, MY MY PASSION IS EROSION.
AND I THINK MISS MENDELSOHN THOSE THAT WAS DISTRICT 3 ON THOSE SLIDES THERE.
WE DEAL WITH A LOT WITH THE EROSION THERE. AND I GUESS MY QUESTION IS IN IN ALL OF THIS, AND I KNOW WE ONLY OWN SO MUCH OF THE CREEKS, BUT DO WE HAVE A PLAN FOR OR OR AN UNDERSTANDING OR A GRASP OF WHAT THE EROSION RATE WOULD BE? AND THEN BECAUSE WE DON'T OWN AND SOME OF THE CREEK THAT WE OWN IS IN THE MIDDLE OF AND ALL OF THAT, HOW DO WE WHAT'S THE BEST WAY TO PLAN FOR THE EROSION? IT'S ONE THING TO TALK ABOUT THE PROPERTY AND AS YOU KNOW, YOUR PROPERTY LINE IS, YOU KNOW, I THINK I HAD A COUPLE FOLKS HAD A SHED IN THE CREEK OR SOMETHING.
THAT'S ONE THING. RIGHT? BUT THEN THERE'S ANOTHER ONE WHERE AND I THINK I FORGET WHERE IT WAS, BUT THERE'S A PORTION WHERE THE CREEK JUST DECIDED IT'S IT LOOKS LIKE IT'S ABOUT TO MAKE A HARD LEFT AND GO THROUGH THE CHURCH PARKING LOT.
HOW DO WE. WHAT ARE WE DOING TO ANTICIPATE THAT KIND OF EROSION OR REDIRECTION OF THE CREEK, IF WE WILL? OR IS THERE ANYTHING THAT'S BEING DONE.
SO IT'S HARD, RIGHT? AND I DON'T MEAN TO ASK IT THAT WAY.
BY THE WAY, I ALWAYS FORGET I USED TO BE ON THAT SIDE.
IT'S NOT A SET UP QUESTION OR ANYTHING. IT'S JUST CURIOSITY.
IT'S HARD. WATER MOVES, RIGHT? YES. I MEAN, YOU PROBABLY NONE OF US LIVE ON A CREEK OR NEAR A BODY OF WATER, RIGHT? CREEKS MOVE. AND SO ONE OF THE THINGS THAT WE TRY TO WORK WITH PRIVATE PROPERTY OWNERS ON IS AS SOON AS THEY SEE SOMETHING, IF THEY CALL US, WE CAN GET STAFF OUT, THEY CAN START ASSESSING AND THEY CAN GIVE YOU TIPS.
RIGHT. TIPS ON WHAT YOU MIGHT COULD DO TO STABILIZE THE BANK, WHAT TO WATCH FOR.
COMMERCIAL PROPERTIES CAN NO LONGER DEVELOP UP AGAINST THE CREEK.
IF THEY'RE GOING TO BE WITHIN 75FT, THEY ACTUALLY HAVE TO PLACE A WALL IN NOW.
SO A LOT OF THIS IS JUST OLD PRACTICES OF HOW WE USED TO DEVELOP ALONG THE CREEK.
[00:40:01]
THE NEW STANDARDS DON'T ALLOW FOR THAT TYPE OF DEVELOPMENT ANYMORE.WE'LL TELL YOU, AS WE LOOKED AT THE EROSION QUESTION, WE LOOKED ACROSS THE COUNTRY WHAT YOU WILL HEAR OTHER CITIES SAY IS THAT ONCE A CITY MADE A DECISION IN ANY FORM OR FASHION, TO PROVIDE ASSISTANCE ON THOSE PRIVATE PROPERTIES, THEY'VE NOT GOTTEN OUT OF THE BUSINESS.
THE ONES THAT HAVE NOT GOTTEN INTO THAT BUSINESS ARE TRYING TO HOLD ON AS LONG AS THEY CAN.
IT DOES REQUIRE AN EASEMENT, THOUGH, SO I WANT TO MAKE SURE EVERYONE KNOWS IT REQUIRES AN EASEMENT.
IF WE DO GO IN AND HELP YOU WITH YOUR EROSION, IT ALSO IN THAT INSTRUMENT REQUIRES THE PRIVATE PROPERTY OWNER MAINTAIN AND REPLACE IN THE FUTURE IF THAT EROSION MECHANISM NEEDS ANY MAINTENANCE OR IF IT FAILS IN THE FUTURE.
THEY SIGN AN EASEMENT INSTRUMENT THAT SPECIFIES THAT IS THE CASE.
AND THANK YOU. AND AGAIN, I APPRECIATE ALL THE WORK THAT YOU'VE DONE, YOU KNOW, IN AND THROUGHOUT THE REALLY THE CITY WITH THIS WITH THIS PROBLEM. SO AGAIN, THIS IS NOT AN ATTACK OR ANYTHING. IT'S JUST IT IS SOMETHING THAT STAYS ON MY MIND A LOT.
IN FACT, I MET WITH DOCTOR BECKHAM, WHO I'M COURTING TO BE MY ENVIRONMENTAL PERSON.
BECAUSE HE ACTUALLY DID A STUDY OF I THINK HE DID 10 MILES OF COOMBS CREEK WHERE HE WENT THROUGH, AND HE WAS ABLE TO ALMOST LIKE GOOGLE STREET VIEW, WHERE HE COULD GO THROUGH AND AND SEE THE DIFFERENT EROSION.
WHETHER IT WAS EROSION, WHETHER IT WAS HOMELESS PEOPLE DOWN THERE, WHETHER IT WAS ANYTHING HE ACTUALLY WENT THROUGH AND DID THAT. AND I WAS REALLY FASCINATED WITH THAT, AND SEEING IF THAT WAS SOMETHING THAT WAS OF BENEFIT TO, TO YOU ALL FROM THAT PERSPECTIVE.
AND IS THAT SOMETHING THAT WE SHOULD BE CONSIDERING TRYING TO FIGURE OUT HOW TO GET TO FURTHER? SO THE PUBLIC PROPERTIES THAT WE OWN, WE WE KEEP TRACK OF WHAT YOU'RE SEEING ON THE PRIVATE SIDE.
WHAT WE HAVE DONE IS CHANGED THE PROCESS A LITTLE BIT, THOUGH, SO THAT IF, FOR EXAMPLE, EDUARDO WERE TO CALL WHEN WE GO OUT, WE'RE GOING TO INSPECT THE STRETCH OF THE CREEK, BECAUSE THE HARD THING TO DO IN THE WAY THAT IT'S BEEN DONE IN THE PAST IS THAT SOMEHOW MY PROPERTY ENDED UP GETTING THE EROSION CONTROL, AND MATT AND EDUARDO DID NOT.
BUT IT ALSO IS GOING TO REQUIRE THAT EVERYBODY ON THOSE PRIVATE SITUATIONS PROVIDE AN EASEMENT AND ONE ONE PROPERTY OWNER NOT PROVIDING AN EASEMENT WILL PREVENT THAT STRETCH. BUT IT'S GOING TO TAKE DECADES TO GET THROUGH THIS.
AND. OKAY, ALL RIGHT THEN I'M GONNA SWITCH REAL QUICK JUST ON ON THE FLOOD SIDE OF THINGS.
AND I'M TRYING TO UNDERSTAND THIS VERSUS WHAT I JUST SAW THIS PAST RAIN AND WHERE CITY VERSUS STATE ON ONE SIDE, IT WAS ALL GOING DOWN 408 ONE WAS REALLY FLOODED BADLY UNDER 408 AT GRADY, I THINK IT WAS I THINK THAT'S THE EXIT.
IT WAS FLOODED REALLY BAD UNDER THERE, AND I WAS I TOOK A PICTURE AND I WAS TRYING TO FIGURE OUT WOULD THAT BE A CITY ISSUE OR A TEXT ISSUE? AND THEN IF YOU GO UP THAT SAME FREEWAY ABOUT THREE MILES, IT FLOODS.
I THINK Y'ALL MAY HAVE FIXED THAT ONE, BUT IT USED TO FLOOD REALLY BAD UNDER RIGHT AT JEFFERSON.
USED TO FLOOD UNDER THERE AS IT RELATES TO THOSE 2 IS ARE THOSE CITY TXDOT AND FROM A BUDGETING WHOSE RESPONSIBILITY IS THAT? SO WATER DOESN'T HAVE POLITICAL BOUNDARIES OR JURISDICTIONAL BOUNDARIES.
RIGHT. WATER GOES WHERE IT'S GOING TO GO. YEAH. WE WOULD HAVE TO LOOK AT EACH ONE INDIVIDUALLY, BECAUSE SOMETIMES IT'S THAT A PIPE HAS BEEN CLOGGED.
RIGHT. AND HAS PIPES UNDER HIGHWAYS THAT ALSO DISCHARGE INTO CREEKS.
TXDOT DOES DESIGN AND UPGRADE THEIR SYSTEMS AS THEY PUT IN NEW ROADWAY.
BUT I JUST NEED TO GET THE SPECIFIC ONES SO THAT WE CAN GO LOOK AT EACH ONE OF THEM, BECAUSE IT'S KIND OF IT WAS JUST AN EXAMPLE OF AND I THINK IT WAS FINE THIS, THIS PAST, BUT THAT ONE WAS JUST OUT OF CURIOSITY.
SO THANK YOU. I APPRECIATE ALL YOUR WORK. THANK YOU, MISTER CHAIR. I THINK, EDUARDO, YOU PRESENTED PAGE 9 ABOUT THE BENCHMARK STORMWATER PROGRAM AGAINST PEER UTILITIES.
WHAT DID YOU FIND FROM THAT BENCHMARK ANALYSIS? WHERE DID DALLAS RANK OR WHAT DID YOU LEARN FROM THAT? SURE. JUST TO LOOK AT THE BENCHMARKING ASPECT.
WE AS I MENTIONED, WE LOOKED AT THE DRAINAGE MAINTENANCE, FLOOD CONTROL, STORMWATER QUALITY MONITORING, PLANNING AND FUNDING STRUCTURE. SO WE COMPARE THOSE ASPECTS THROUGH SURVEY WITH THESE MUNICIPALITIES FOLLOWED BY INTERVIEWS.
[00:45:01]
SO THEY WE IDENTIFY DIFFERENT ASPECTS WHERE WE COULD STRENGTHEN OUR SERVICES THAT WE HAVE IN PLACE FORMALIZING OUR PROGRAMS. ONE OF THE THINGS THAT WE WE MENTIONED WAS THE 10 YEAR ORC THAT WE COULD IMPLEMENT TO STRENGTHEN SOME OF THOSE DIVISIONS, SUCH AS ASSET ASSET MANAGEMENT THAT'S AN AREA THAT WE COULD FORMALIZE AND EXPAND SO THAT WE CAN HAVE MORE DATA DRIVEN DECISIONS WHEN IT COMES TO IDENTIFYING INFRASTRUCTURE THAT NEEDS TO BE REPLACED OR REHABILITATED.AND IN ADDITION TO THAT WE WERE LOOKING AT AND COMPARING THE LONG TERM FINANCIAL PLANNING THAT SHOULD BE EXPANDED SO THAT WE HAVE A FUNDING SOURCE SO THAT WE CAN IMPLEMENT PLANNING, DESIGN AND CONSTRUCTION OF THIS INFRASTRUCTURE.
ANOTHER ASPECT WAS THIS THE CIP PRIORITIZATION HAVE A MORE FORMALIZED PLAN THAT WE COULD TAKE INTO ACCOUNT THE CONDITION OF THE ASSET WHETHER OR NOT IT'S AN UNDERSIZED SYSTEM, AND PLUG THOSE VALUES INTO A DATA DRIVEN DECISION TREE THAT WE THAT CAN HELP US TO EITHER DO WE NEED TO CONTINUE INSPECTION, MONITORING THE SYSTEM, OR IS IT TIME TO ADD IT TO THE INVENTORY FOR REHABILITATION OR REPLACEMENTS? SO THOSE ARE LIKE HIGH LEVEL COMPONENTS THAT WE HAD, BUT WE IDENTIFIED AS AN OPPORTUNITY TO TO ENHANCE THOSE PROGRAMS. SO DID YOU FIND ANY OF THOSE OTHER CITIES UTILIZING AI TO ASSIST THEM IN MAKING FORECASTS OR PREDICTING AREAS THAT NEED ATTENTION? AND IS THAT ANYTHING THAT YOU HAVE THOUGHT ABOUT DOING HERE? NOT FROM TOP OF MY HEAD THAT I REMEMBERED THAT THEY PRESENTED ANY AI TOOLS THAT COULD BE UTILIZED.
WE DID A IDENTIFIED THE THE IMPORTANCE OF FLOODED ROADWAY WARNING SIGNS THAT WE NEED TO FORMALIZE THAT PROGRAM AND EXPAND IT SO THAT WE CAN HAVE ALERTS TO THE PUBLIC WHEN IT COMES TO MAJOR RAINS AND STREET FLOODING CONDITIONS, BUT NOT FROM TOP OF MY HEAD THAT I REMEMBER ANY AI TOOLS THAT I CAN REMEMBER.
I THINK WITH REFERENCE TO SLIDE 12, YOU MENTIONED, I THINK SARAH MENTIONED THAT OUR SYSTEM IS 85% UNDERSIZED, WHICH SEEMS FRANKLY OVERWHELMING AND I ASSUME THAT THAT IS A RESULT OF THE SYSTEM BEING DESIGNED.
PARTICULARLY IN THE OLDER PART OF THE CITY FOR LESS IMPERVIOUS SURFACE.
UPSTREAM, WHICH WITH DEVELOPMENT HAS NOW RESULTED IN GREATER RUNOFF AND.
EXCEEDING THE CAPACITY OF THE OLDER STORM DRAIN LINES.
IS THAT ACCURATE? I THINK IT'S TWOFOLD. SO AT ITS VERY PREMISE, YES.
BUT I REMIND EVERYBODY WE'RE UPSTREAM OF OTHER COMMUNITIES AS WELL.
A LOT OF THE SYSTEMS THOUGH, ARE OLD. RIGHT. SO THEY WERE BUILT IN THE 50S.
THE MODELING PROJECTS OUT ABOUT 50 YEARS. WE'RE KIND OF AT THAT LIFESPAN.
WE'VE CHANGED OUR OWN FOOTPRINTS AS WELL. SO IT'S IT'S A COMBINATION OF ALL OF IT.
LIKE I SAID, WE'VE STILL GOT PIPE IN THE GROUND FROM 1930. A LOT OF THE PIPES ARE 50S AND 60S.
AND THEN AS DEVELOPMENT COMES IN, DEVELOPERS WILL UPGRADE THE SYSTEM TO CURRENT STANDARDS.
SO IS THERE ANY WAY OF ASSESSING THE GROWTH OF IMPERVIOUS SURFACE UPSTREAM FROM WHERE OUR SYSTEM IS? AT LEAST WITHIN THE CITY OR THE COUNTY TO DETERMINE OUR LONG TERM NEEDS TO UPSIZE OUR MAINS? SO WE HAVE OVER TIME, WE'VE GOT THE IMPERVIOUS CALCULATIONS.
RIGHT. SO OUR ASSUMPTIONS THAT HAD BEEN ASSUMPTION BASED IN ZONING CODE ASSUME SORT OF COMMERCIAL DEVELOPMENT AROUND 95, 85, 85 TO 95, DEPENDING ON WHAT YOU ARE. RESIDENTIAL IS 65 TO 35.
SO WE'VE GOT 20 YEARS THAT SHOWS YOU CHANGES IN DALLAS AS IT COMES IN.
WE HAVE NOT NECESSARILY LOOKED AT UPSTREAM. I WILL TELL YOU THE STATE AS WE WORK ON THE FLOOD BOARD, BECAUSE THE STATE JUST WENT TO THIS KIND OF ASSESSMENT AS WELL.
WE DID OUR WE WRAPPED OUR 1ST FLOOD BOARD FOR THE WHOLE STATE UP THIS PAST YEAR.
IS TAKING KIND OF INTO CONSIDERATION WHAT DO UNDEVELOPED AREAS LOOK LIKE NOW? WHAT WOULD THEY DEVELOP. BUT WE ARE USING HERE LOCALLY.
[00:50:06]
SO ON SLIDE 13, THE LAST BULLET MENTIONS TEN HIGH PRIORITY AREAS ADVANCED TO DETAILED IMPROVEMENT ANALYSIS.AND YOU REFERRED TO THOSE AS NEIGHBORHOODS. CAN YOU IDENTIFY THOSE NEIGHBORHOODS OR COULD YOU PROVIDE US A LIST? WE CAN PROVIDE YOU THE LIST OF ALL OF THOSE 10- IF YOU WOULD LIKE, AFTERWARDS.
WITH REGARD TO THE UPCOMING ACTION ON SLIDE 16 WHY START WITH THE COMMERCIAL PAPER PROGRAM INSTEAD OF JUST INITIATING A REVENUE BOND PROGRAM RATHER THAN REFUNDING THE COMMERCIAL PAPER LATER ON WITH REVENUE BONDS? AS A CITY, WE TYPICALLY USE COMMERCIAL PAPER AS A STRATEGY SO THAT WE DON'T HAVE TO PAY THE DEBT IMMEDIATELY ON A PROJECT THAT HASN'T BEEN DESIGNED OR CONSTRUCTED.
IF WE WERE TO GO WITH A REVENUE BOND, WE WOULD SET 125 MILLION, AND THEN WE WOULD GO TO MARKET WITH A LIST OF PROJECTS, AND WE WOULD NEED TO COMPLETE THOSE PROJECTS.
IT GIVES YOU A BETTER, BETTER BUYERS. BOND BUYERS.
SO YOU DON'T HAVE THE SAME THREE YEAR LIMITED TIME FRAME WITH COMMERCIAL PAPER.
YOU CAN ISSUE THAT. AND IS HOW IS THAT SECURED.
THEY'LL THEY WILL SECURE IT OFF OF OUR RATE. SO THEY'LL AS PART OF OUR RATE AND PROOF OF CONCEPT.
AND THE FACT THAT YOU ALL HAVE BEEN WILLING TO INCREASE THOSE RATES AND THEN THE GO FORWARD PROJECTION AND THEN THE DEBT SERVICE THAT WE WOULD HAVE IN FACTORED IN AND SAID 125 IS THE KIND OF NUMBER TO START OUT WITH WITH THE COMMERCIAL PAPER PROGRAM.
OKAY. COUNCIL MEMBER DID YOU HAVE ANY QUESTIONS? OKAY. ANY SECOND CHANCE QUESTIONS OKAY. SEEING NONE.
THANK YOU ONCE AGAIN FOR YOUR PRESENTATION. AND WE'LL MOVE ON TO AGENDA ITEM B, WHICH IS THE CONVENTION CENTER MASTER PLAN TXDOT STATE INFRASTRUCTURE BANK LOAN APPLICATION AS THE GROUP IS GETTING READY.
AND SO I JUST WANTED TO TO GO THROUGH THOSE BRIEFLY AS THEY'RE GETTING SET UP, IF YOU DON'T MIND, THAT I HAD COUNCIL MEMBER MENDELSOHN WANTED A FOLLOW UP ON THE PRIVATE EROSION PROJECTS AND I BELIEVE COUNCIL MEMBER GRACEY WANTED AN OFFLINE CONVERSATION ABOUT THE THE SPUR FOR EIGHT AND WHETHER THAT'S CHECKED OUT OR NOT.
AND THEN CHAIR RIDLEY YOU'D ASK FOR THE LIST OF THE TEN PROJECTS.
WAS THERE ANYTHING ELSE THAT WE WANTED TO CAPTURE TO MAKE SURE WE'VE GOT THE PROPER FOLLOW UP? YES. MISS STANFORD AND I ARE GOING TO GET TOGETHER TO DISCUSS THE AREAS THAT HAVE BAR DITCHES THAT MAY NEED TO BE UPGRADED TO CURB, CURB AND GUTTER. GREAT. ALL RIGHT. AND THEN JUST TO CLARIFY, THE ITEM I WAS ASKING FOR WAS HOW MUCH WE HAVE TYPICALLY PAID ANNUALLY FOR PRIVATE EROSION. AND IF WE. OKAY. I'M SORRY, I DIDN'T HEAR YOU CORRECTLY THEN.
OKAY. OKAY. ROSA, IT'S. THE MICROPHONE IS YOURS.
THANK YOU. GOOD AFTERNOON, ROSA FLEMING, DIRECTOR, CONVENTION AND EVENT SERVICES.
AND WITH ME TODAY ARE ORIGINAL WILLIAMS, MY ASSISTANT DIRECTOR, AND NOE HINOJOSA WHO IS THE PRESIDENT OF ESTRADA HINOJOSA AND ONE OF THE CITY'S FINANCIAL ADVISORS. SO WE'RE BRIEFING TODAY IN RESPONSE TO OUR BRIEFING ON JANUARY 28TH, WHERE IT WAS ASKED IF WE WOULD COME AND GIVE AN EXPLANATION ABOUT THE CIB LOAN, HOW IT WORKS, AND WHAT WE WERE GOING TO SUBMIT IN THE APPLICATION.
SO IF WE GO TO THE BACKGROUND PAGE, NEXT PAGE PLEASE.
SO WE FIRST BROUGHT THE SIB LOAN TO YOU IN MAY 28TH OF LAST YEAR, AND IN THAT WE ASKED FOR A RESOLUTION, WHICH IS THE REQUIRED FIRST STEP IN THE STATE INFRASTRUCTURE BANK PROGRAM.
WE ASKED AT THAT TIME TO FOR COUNCIL TO APPROVE A $90 MILLION APPLICATION THAT WE WERE THEN DRAFTING TO TURN IN TO THE STATE. AS THE STATE REVIEWED IT, THEY INVITED US TO GO TALK TO THEM IN NOVEMBER OF 2025.
AND THERE IS A CAP, A BORROWER CAP OF $116 MILLION.
[00:55:04]
THEY ASKED US TO COME BACK TO OUR COUNCIL. THEY LIKED THE PROJECTS THAT WE ARE DOING.THEY UNDERSTOOD THAT THIS IS PART OF A LARGER ECONOMIC DEVELOPMENT PROJECT FOR THE STATE, FOR THE CITY AND THE REGION, AND THEY ASKED US TO COME BACK TO COUNCIL SO THAT WE COULD APPLY FOR THE CAP.
SO IN JANUARY. THAT'S WHAT WE DID. WE CAME BACK AND WE ASKED COUNCIL TO APPROVE AGAIN.
THE WENT BACK TO THE FIRST STEP OF $116 MILLION RESOLUTION THAT WOULD ALLOW US TO THEN SUBMIT AN APPLICATION WITH THE APPROVAL OF THAT. WHAT WE'RE DOING TODAY IS PROVIDING YOU KIND OF A PROGRAM OVERVIEW.
IF YOU GO TO PAGE THREE, THIS TALKS ABOUT THE PURPOSE OF THE LOAN.
SO IT'S A IT'S A STATE RUN PROGRAM THAT REFURNISHED RETOOLS ITSELF TO THE REPAYMENT OF THE LOAN AS CITIES AND COUNTIES REPAY THEM FOR THEIR LOAN PROGRAM.
IT'S RUN BY TXDOT. IT IS SPECIFICALLY FOR PUBLIC TRANSPORTATION PROJECTS.
AND WE'VE LISTED HERE I WON'T READ THEM ALL, BUT THEY GO THROUGH THE CADRE OF EVERYTHING FROM DESIGN AND CONTINGENCY TO CONSTRUCTION AND ALL OF THE THINGS THAT YOU NEED TO DO IN BETWEEN UTILITY, RELOCATION, ETC.
THAT ARE RELATED TO INFRASTRUCTURE ROADWAY RELATED PROJECTS.
NEXT SLIDE. SO AS WE MET WITH THEM, THEY JUST AS WE MET WITH TEX-DOT IN THE STATE AND AT AUSTIN, WE LOOKED AT THEIR LIMITATIONS. SO HERE WE'VE OUTLINED PER BORROWER CITY OF DALLAS.
IT'S $116 MILLION PER PROJECT. IT'S $58 MILLION.
SO IF WE LOOK AT THE PROJECTS THAT WE'RE GOING TO SHOW YOU IN A FEW SLIDES, EACH OF THOSE, THEY'LL ANALYZE THEM TO SEE WHAT WE'RE ESTIMATING THEM AT AT THE TIME THROUGH OUR CONSULTANTS.
AND COME TO THAT $116 MILLION. SO WE'LL PROVIDE THEM A LIST, AND THEN THEY WILL PROVIDE US AN UNDERSTANDING OF WHAT THEY THINK BEST FITS IN THE CURRENT TIME FRAME FOR THEM TO BE ABLE TO FUND.
RIGHT HERE IT TELLS YOU THE DEBT CAP PROJECT ALLOCATION IS 22 MILLION.
SO IF THERE WAS ANY PROJECTS THAT WE WERE NEEDING TO DO, AND THAT'S BEEN ONE THAT'S BEEN USED QUITE A BIT ON KLYDE WARREN, I THINK QUITE KLYDE WARREN JUST DID AN ALLOCATION THROUGH THIS PROGRAM LAST YEAR.
NEXT SLIDE. SO I'M GOING TO HAVE MR. HINOJOSA TALK TO THE TERMS AND CONDITIONS ON THE NEXT TWO SLIDES SO THAT YOU CAN GET AN UNDERSTANDING OF HOW THE FINANCING ACTUALLY WORKS. SO BASICALLY, AS MISS FLEMING WAS ALLUDING TO, THE PROGRAM IS RUN BY TXDOT IS A PROGRAM THAT WE REFER TO AS A REVOLVING LOAN PROGRAM. IT WAS ORIGINALLY INSTITUTED AROUND 2000 WITH ABOUT $275 MILLION.
CITIES AND COUNTIES FROM ACROSS TEXAS APPLY IN NOT VERY SIGNIFICANT DOLLARS FOR THIS TYPE OF A LOAN, BECAUSE THE PROJECTS ARE VERY SPECIFIC TO ONLY TRANSPORTATION IMPROVEMENTS.
THIS PROJECT OF THE CONVENTION CENTER OUR HAS A BIG PIECE OF TRANSPORTATION IMPROVEMENTS.
AND WE FELT COMPELLED THAT MAYBE THE CITY COULD QUALIFY FOR SOME OF THESE FUNDS.
UNBEKNOWNST TO US, WE MADE THE RECOMMENDATION.
THERE WAS ONLY SO MUCH MONEY AVAILABLE TODAY, THEY HAVE ABOUT $170 MILLION AVAILABLE, OF WHICH WE BELIEVE THAT AFTER DISCUSSIONS WITH THEM THAT THE CITY COULD APPLY FOR ABOUT $160 MILLION, LARGELY, AND IN PART BECAUSE OF THE FACT THAT YOU HAVE A LOT OF TRANSPORTATION PROJECTS WITHIN THIS PROJECT. I THINK THAT THE SUM OF TRANSPORTATION RELATED IMPROVEMENTS IS NORTH OF $550 MILLION, OR ABOUT. SO 116 WILL BE THE PORTION THAT WILL BE BORROWED FROM THEM.
HOW WOULD IT BE BORROWED? IT WOULD BE THROUGH A DIRECT LOAN BETWEEN THE CITY AND TXDOT.
IT'S IT'S SORT OF AN EXEMPTION OF HOW CITIES TRADITIONALLY BORROW MONEY.
NORMALLY, CITIES ONLY BORROW MONEY THROUGH GENERAL GENERAL OBLIGATION BONDS, CEOS OR REVENUE BONDS.
THIS WILL BE A DIRECT LOAN BETWEEN THE CITY AND TXDOT, AND WE WILL MAKE THE PAYMENT FROM LITERALLY THE SURPLUS ASSOCIATED WITH THE PROJECTED REVENUES FROM THE HBA STUDY.
AFTER MEETING ALL THE DEBT THAT WILL BE ISSUED FOR THE BENEFIT OF THE CONVENTION CENTER.
SO AT THE END OF THE DAY, GO THROUGH THIS WATERFALL.
THE X NUMBER OF DOLLARS THAT ARE GENERATED BY THE HBA STUDY PAYS OFF VARIOUS BOND ISSUES.
WHATEVER IS LEFT WILL BE PAID TO TXDOT. THE BEAUTY ABOUT THIS LOAN TO US, YOU COULD ACTUALLY NEGOTIATE THE TERMS AND CONDITIONS WITH TXDOT TO WHERE YOU DON'T HAVE TO MAKE PAYMENT OF PRINCIPAL AND INTEREST FOR A NUMBER OF YEARS.
[01:00:03]
03,5 MAXIMUM IS 7. I DON'T THINK THEY'VE EVER DONE A SEVEN YEAR GRACE PERIOD, BUT WE'RE CONTEMPLATING TO PUSH THE LIMIT AND AND TRY TO PAY ON THE 7TH YEAR.THE INTEREST RATE WILL BE FIXED IF TODAY. IF YOU TURN TO THE NEXT PAGE 6.
THE THE WAY THE RATES ARE SET BY TXDOT IS BASED ON AN INDEX, KIND OF LIKE THE DOW JONES AND OUR IN OUR FIXED INCOME SIDE WE MAKE REFERENCE TO MMD INDEX. SO THE INDEX TODAY THE 30 YEAR MMD INDEX ON A AAA PAPER IS AT A 427.
IN THIS PARTICULAR CASE, WE BELIEVE THIS TYPE OF A CREDIT, IF IT WERE TO BE PLACED IN THE OPEN MARKETS, WOULD BE SOMEWHERE AROUND BBB, THE BBB MINUS.
SO WE'RE CONTEMPLATING SOMEWHERE BETWEEN 465 TO 470 IN TODAY'S MARKET.
THIS THIS LOAN WILL NOT BE PRICED UNTIL ON OR ABOUT MAY.
SO WE'RE IN FEBRUARY TODAY. AND IN THE PROCESS OF NEGOTIATIONS.
GOES WITH TXDOT. WE'LL HAVE A DEFINITIVE NUMBER OF RATE OF THE RATE BY OR AROUND MAY.
SO THAT'S HOW THIS WORKS AND I'LL LEAVE IT AT THAT.
THANK YOU. IF WE THANK YOU IF WE GO TO THE NEXT SLIDE, THIS IS WHAT YOU WERE ASKING FOR IN THE PRESENTATION IN JANUARY, THE LIST OF PROJECTS THAT WE WOULD SUBMIT. NOW IT TOTALS WELL NORTH OF 116.
BUT THIS IS THE CONVERSATION THAT WE HAVE WITH THEM.
WE TAKE THEM THE LIST. WE GIVE THEM $440 MILLION WORTH OF PROJECTS, AND THEN THEY TALK THROUGH WITH US AS TO WHICH ONES ARE MORE PALATABLE, WHETHER THEY'VE THERE COULD BE A SITUATION, FOR EXAMPLE, WHERE THEY'VE FUNDED ALL OF THE GREEN SPACES OVER I-30 OR ANY OTHER OR ANY OTHER HIGHWAY OR INTERSTATE IN TEXAS. AND SO THAT WOULD BE SOMETHING THAT THEY WOULDN'T FUND, BUT THEY WOULD LOOK AT THE REST OF IT. HAVE A CONVERSATION WITH US ABOUT HOW THOSE FEED INTO THE PROJECT, HOW THEY ARE TRANSPORTATION RELATED, AND THE TIMING OF THEM AS WELL.
ARE THEY SHOVEL READY? ARE THEY COMING EARLY IN THE PROJECT? ARE THEY COMING LATER? AND THEY'LL COME TO $116 MILLION WORTH OF PROJECTS, WILL COMPLETE AND FINALIZE THE APPLICATION AND THEN GO THROUGH THE PROCESS THAT MR. HINOJOSA JUST DESCRIBED IN TERMS OF SUBMITTAL TIMELINE.
ON THE NEXT SLIDE, YOU'LL SEE THAT WE CAME TO COUNCIL IN JANUARY.
OUR GOAL, IF YOU ARE, IF YOU FIND THIS SUITABLE, IS TO SUBMIT THIS WITHIN THE NEXT COUPLE OF WEEKS TO THE STATE WITH OUR INITIAL DRAFT, YOU SEE THE PERIOD WE'VE GIVEN THEM FEBRUARY THROUGH APRIL TO REVIEW OUR APPLICATION.
THEN IN MAY WE'LL GO. WE'LL HAVE A FINAL COMMUNICATION WITH THEM.
WE'LL COME BACK TO UPDATE THE BRIEFING, LET YOU KNOW WHAT THOSE ARE.
WE CAN DO THAT EITHER IN A BRIEFING LIKE THIS OR IN A MEMO.
AND THEN WE'LL GO INTO THE AGREEMENT STAGE FOR IT WITH THE SIB LOAN FINALIZATION.
THE RESOLUTION NUMBER ON THIS SLIDE WILL BE CORRECTED.
IT SHOULD BE 26 0304. THAT'S THE RESOLUTION THAT WAS APPROVED IN JANUARY.
SO WE'LL LET YOU KNOW WHERE WE ARE WITH THEM.
AND THEN WE'LL PROVIDE THAT RECOMMENDATION FOR APPROVAL ONCE SUCCESSFUL IN AUGUST.
SO WITH THAT WE'RE HAPPY TO ANSWER QUESTIONS.
I'LL START WITH YOU. COUNCIL MEMBER. GRACEY. AND THANK YOU SO MUCH FOR THIS.
BUT OUR OVERALL, THE CITY'S RATING, JUST AS A POINT OF CLARITY, OUR RATING ON OUR BONDS ARE DOUBLE A MINUS I THINK, OR SOMETHING. THAT IS CORRECT. OKAY. SO THAT'S YOUR RATING.
PERFECT. AND THIS IS A SEPARATE RATING. THAT'S RIGHT.
[01:05:06]
WE JUST HAD THE BRIEFING ABOUT ON OUR WATER INFRASTRUCTURE AND THINGS AND HOW WE USE COMMERCIAL PAPER TO KIND OF USE THAT.AND THEN WE'LL DO THE ISSUE OF THE DEBT TO COVER THE PAYMENT ON THAT.
WOULD THIS WORK SORT OF THE SAME WAY IN THAT ASPECT, OR IS IT JUST A COMPLETELY SEPARATE LOAN THAT THAT WE WOULD BE RESPONSIBLE FOR PAYING, OBVIOUSLY DIFFERENT SET OF DEBT SERVICE PAYMENTS, DIFFERENT PAYMENT TIME FRAME AND ALL OF THAT? CORRECT. THAT'S EXACTLY RIGHT. SO IT'S JUST LIKE A REVENUE BOND. OKAY. WE'LL HAVE A 30 YEAR MATURITY.
BUT INSTEAD OF MAKING A PAYMENT ON YEAR ONE WITH PRINCIPAL INTEREST PAYMENTS, IT COULD BE AT THE FIRST PAYMENT ON THE 3RD YEAR, 5TH YEAR, 7TH YEAR. AND THEN FROM THAT POINT ON UNTIL 2057, THEREABOUTS ON PAR WITH WHAT? THE WAY THE OTHER BONDS ARE BEING STRUCTURED.
SO THE CONVENTION CENTER IS AN ENTERPRISE FUND HAS A DIFFERENT RATING.
ACTUALLY THE PLACE REVENUES ARE MORE LIMITED IN THE HOT 331 AND 351 I THINK.
AND THEN PFC WHICH IS A NEW CREDIT FOR THE CITY.
SO WE'RE TAKING THE MOST CONSERVATIVE APPROACH.
AND THEN THINK OF THINK OF THE PLEDGE BEING THAT.
AND THEN YOU HAVE DIFFERENT LIENS OF DEBT. WE'RE WE'RE CONTEMPLATING LIENS OF OOPS, SORRY.
THANK YOU. WE'RE CONTEMPLATING LIENS. FIRST LIEN BOND ISSUE, SECOND LINE AND THIRD, AFTER THOSE THREE LIENS ARE PAID, THEN YOU HAVE THIS FOURTH LIEN. BUT IT'S NOT A LIEN.
IT'S JUST ANYTHING THAT IS LEFT OVER. THAT'S THE BEAUTY ABOUT WORKING WITH TXDOT.
THEY'LL WORK WITH YOU TO CAPTURE WHATEVER MONEY IS LEFT IN THE SURPLUS ACCOUNT.
OKAY. SO THANK YOU. THANK YOU. YES, SIR. MR. COUNCIL MEMBER CADENA, I'M SORRY I SKIPPED OVER YOU.
THAT'S OKAY. I HAVE A QUESTION ABOUT THE DEBT CAP.
GREEN SPACE. SO FOR THAT, IS IT THE CITY'S RESPONSIBILITY FOR ACTUALLY THE THE DECK PARK? AND HOW WOULD THAT BE FUNDED? SO, SURE, IF WE GO BACK SEVERAL YEARS, WE'VE BEEN WORKING WITH TXDOT AS THEY WENT THROUGH THEIR DESIGN AND PLANNING FOR INTERSTATE 30. AND IN 2022, I BELIEVE IT WAS APRIL 2022.
WE SIGNED 2 ADVANCED FUNDING AGREEMENTS THAT COUNCIL APPROVED, AND THOSE WERE TO DO THE DECK CROSSOVERS AT WEST OF LAMAR, EAST OF LAMAR. AND THEN A SEPARATE ONE WAS SIGNED TO DO THE THREE CONNECTING THREE FINGERS THAT GO INTO OLD CITY PARK. AND SO WE HAVE 2 ADVANCED FUNDING AGREEMENTS WITH THEM THERE.
AND THAT IS FOR THE CONSTRUCTION OF THE THE THINGS THAT HOLD UP THE DECK, THE CAPS.
SO THEY'LL BE CONSTRUCTED AND DESIGNED BY TEXDOT.
AND SO WE PAID THEM FOR DESIGN AND CONSTRUCTION.
IF WE WERE TO ASK FOR MONEY IN HERE, IT'S FOR THE PROGRAMING THAT ACTUALLY GOES OVER 30.
SO THE PROGRAMING OF THE DECK AND THEN WHERE WOULD THE MONEY COME FROM FOR THE ACTUAL DECKING OF IT.
SO THE ACTUAL DECKING OF IT, THAT IS WHAT WE WOULD ASK FOR.
THAT'S WHAT'S ON THE LIST. HERE IS THE ACTUAL DECKING.
THANK YOU. YOU'RE WELCOME. COUNCIL MEMBER. BLAIR.
NO. COUNCIL MEMBER BLACKMON. THANK YOU. ONE QUICK QUESTION ON THE SCORING.
ARE WE COMPETITIVE AGAINST OTHER PROJECTS ACROSS THE STATE OR IS IT STANDALONE? HOW DOES THE SCORING HAPPEN? I WOULD LIKE TO SAY THAT IT'S A.
FIRST COME, FIRST OUT, FIRST IN, FIRST OUT. SO THERE'S ABOUT $170 MILLION WORTH OF PROJECTS.
THEY JUST APPROVED ABOUT THREE PROJECTS LAST MONTH.
WE DON'T KNOW HOW MANY MORE PROJECTS ARE COMING IN, BUT IF WE DO SHOW UP AT THE NEXT MEETING ON OR ABOUT MAY, I THINK THIS WILL BE PROBABLY THE LARGEST PROJECT THAT HAS EVER CONSUMMATED.
THAT WAS ABOUT $21 MILLION IN CHANGE. THAT WAS A VERY DEFINITIVE PROJECT.
IT WAS A TEN YEAR LOAN. WE GOT A 193% FOR THEM.
THIS IS NOT NECESSARILY THE SAME KIND OF A CREDIT THAT CLYBOURNE PARK HAD NOR THE THE TIME THAT WE SECURED THE RATES FOR THE RATES WERE A LITTLE LOWER THEN BUT HAVING SAID ALL THAT ONLY CLYDE WARREN AND THIS WILL BE THE SECOND PROJECT THAT DALLAS GETS FROM TXDOT.
[01:10:03]
SO THAT MEANS LIKE DART COULD COME IN AND LOOK TO BORROW FOR THEIR DART OPERATIONS AND STATIONS IN THIS PROJECT AS A SEPARATE.YES. BUT THERE ARE NO THERE'S NOT AN INSURMOUNTABLE AMOUNT OF FUNDS.
THERE'S ONLY ABOUT $170 MILLION. IF WE TAKE 116, YOU KNOW, THAT LEAVES THEM WITH ABOUT 50 MILLION.
SO THAT WAS OKAY. THAT WAS WHAT I. THEY'LL BE MINDFUL.
IT'S ALMOST LIKE A SHOVEL READY PROGRAM. RIGHT.
SO AND DO THEY GO UP TO THE AMOUNT REQUESTED OR DO THEY SPLIT THE BABY AND SAY WE'LL GIVE YOU 75.
THEY, THEY IT WILL BE ONE LOAN BUT THEY WILL SPLIT THEM DEPENDING ON THE APPLICATIONS.
THE WAY I UNDERSTAND THE TOTAL LOAN, THE TOTAL WILL BE 116.
AND THEY NEVER TELL YOU YOU EITHER GO 116 OR NOTHING.
THEY DON'T COME BACK AND SAY WE KNOW THEY THEY COULD, THEY COULD COME BACK AND GIVE YOU 90 OR 100.
OKAY. YEAH. THANK YOU. YES, MA'AM. VICE `HAIR.
ROTH. THANK YOU. A COUPLE OF QUESTIONS JUST TO UNDERSTAND HOW IT WORKS.
THE THE THE LOAN IS A FIXED RATE LOAN. YES. THEY ESTABLISHED THE PRICE IN MAY.
THE RENT, THE THE INTEREST RATE IN MAY. IT'S A 30 YEAR OBLIGATION.
THERE'S NOT A REQUIREMENT, THOUGH, NECESSARILY TO MAKE PAYMENTS EXCEPT FOR THERE'S AN OPPORTUNITY FOR A PERIOD OF TIME IS DURING THAT IS IS IS THERE'S OBVIOUSLY AND I'M NOT SAYING OBVIOUSLY IS THERE ACCRUAL OF THE INTEREST ON THAT UNPAID BALANCE.
EXCELLENT. EXCELLENT QUESTION. YES. SO AS LONG AS YOU TAKE DOWN THE LOAN, THE MINUTE YOU SECURE THE LOAN AND YOU GET THE PROCEEDS, THE INTEREST STARTS TO ACCRETE, RIGHT? TO ACCRUE.
AND IF YOU DEFER PAYMENTS, IT'LL COME BACK, LET'S SAY, TO YEAR 3 OR YEAR 5 OR YEAR 7.
THE 1ST PAYMENT WILL TAKE INTO ACCOUNT THE FACT THAT YOU ACCRUED INTEREST FROM DAY ONE.
IT'S NOT A 0% RATE ON THE FRONT END. IT'S IT'S A FOREIGN CHANGE.
SO YOU ACCRUE THE PAYMENT TO BE WHATEVER IT WILL BE.
AND WE'LL HAVE, WE'LL PROVIDE YOU WITH THOSE AMORTIZATIONS.
SO IF IT'S 115 MILLION OR WHATEVER IT IS, YOU'RE GOING TO HAVE 5 OR 6 MILLION.
YOU'LL HAVE 6 MILLION BUCKS IN INTEREST. THAT'S GOING TO ACCRUE FOR THE NEXT 2 OR 3.
THAT IS CORRECT. OR 5 YEARS. AND YOU HAVE TO PAY THAT FIRST.
SO SAY THAT THE $100 MILLION PAYMENT ANNUALLY IS GOING TO BE $8 MILLION BY FACT, BY THE FACT THAT YOU ACCRUED THAT $5 MILLION INTEREST BETWEEN YEAR ONE AND YEAR SEVEN, YOU'LL ADD THAT UP TO YEAR 7 WHEN YOU MAKE THE 1ST PAYMENT, YEAR 8 AND BEYOND.
SO INSTEAD OF MAKING AN 8 OR $9 MILLION PAYMENT, IT COULD BE 11 OR 12.
IT'S SPREAD ALL THE WAY THROUGH. BUT WHAT THAT GIVES US, IT GIVES US THE FLEXIBILITY TO DETERMINE THAT WE WILL HAVE CAPACITY BASED ON WHAT THE STUDY IS PROVIDING, THAT WE WILL HAVE AVAILABLE FUNDS TO MAKE THAT PAYMENT ON A QUARTERLY BASIS.
THAT'S SOMETHING YOU WON'T GET IN THE OPEN MARKETS. AND THEN THE $440 MILLION WORTH OF PROJECTS, POTENTIAL PROJECTS, THOSE ARE ALL RELATED JUST TO THE CONVENTION CENTER.
THEY'RE RELATED TO THE CONVENTION CENTER AND THEN THE SURROUNDING STREET STRUCTURE.
OKAY. AND SO IS THIS IS THE FUNDING AMOUNTS AVAILABLE? ARE THEY ARE THEY DO THEY EVERY YEAR, DO THEY COME UP WITH A NEW BUDGET AMOUNT OF AVAILABLE FUNDS? IN OTHER WORDS, CAN WE CAN WE DIP IN AGAIN NEXT YEAR IF THERE'S ANOTHER 115? IN OTHER WORDS, IT'S NOT A ONE SHOT. YOU'RE FINISHED.
IT'S AS THE IF THERE'S AVAILABLE FUNDS IN FUTURE, WE CAN APPLY TO TRY TO MANAGE SOME OF THESE OTHER COSTS AS THEY, AS THEY, AS THEY ACCRUE. YEAH THAT'S CORRECT.
BUT WE'RE HOPING TO BESIDES THE SABLAN PROGRAM.
IF, FOR EXAMPLE, LET'S SAY THAT WE'RE THE LAST APPLICANT THAT GOES IN THIS YEAR.
SO YOU TAKE FROM THE 170, THE 116 OFF, YOU GOT $54 MILLION LEFT AND NOBODY ELSE APPLIES.
THAT'S ALL THEY'RE GOING TO HAVE AVAILABLE TO FOLLOWING YEAR.
IF IN FACT OTHER CREDITS PAY THEIR PRINCIPAL ON TIME OR WHATEVER AT THE 54 PLUS WHATEVER PRINCIPAL HAS BEEN PAID, THAT'S THAT'S THE WAY THEY'VE BEEN RUNNING THIS PROGRAM SINCE 2000.
BUT I SUSPECT, AS THIS PROGRAM BECOMES. I THINK YOU'RE GOING TO YOU'RE GOING TO MAKE IT KNOWN STATEWIDE THAT THAT THAT DALLAS APPROACH TO SIB AND GOT FUNDS THAT THEN. WELL, WHERE'S THE REST OF THE MONEY? SO, YOU KNOW, WE ALL KNOW THAT THERE ARE PROJECTS IN HOUSTON AND AUSTIN BEING PITCHED RIGHT NOW, SO IT WOULDN'T SURPRISE ME. THEY GO AND APPROPRIATE MORE. IF THEY DO, I SUSPECT WE CAN GO BACK AND APPLY FOR SOME MORE.
[01:15:06]
SO COMING BACK TO MISS MENDELSOHN HERE PRETTY SOON, I'M SURE WITH SOMETHING OF A REQUEST.YOU ADVISED US THAT THE CONVENTION CENTER CONSTRUCTION AND APPLICATION AND ACTUAL WORK, WE'RE WE'RE ALLOCATING EVERY 3 MONTHS OR EVERY SIX MONTHS OR WHATEVER IT IS PARTIAL AND, AND ONGOING INTERIM PAYMENTS.
THIS IS ONE OF THOSE INTERIM PAYMENTS THAT WE WERE TALKING ABOUT, A PREVIOUS COUNCIL MEETINGS.
THIS WILL BE ONE OF THE INTERIM SOURCES OF FUNDING FOR THE PAYMENTS.
CORRECT. THANK YOU. YES, SIR. COUNCIL MEMBER MENDELSOHN.
THANK YOU. SO WHAT HAPPENS IF YOU DON'T GET ANY OF THESE FUNDINGS? WELL, WE ARE HOPING THAT WE WILL. IF IT DOESN'T, WELL, THAT'S NICE, BUT WE'RE TALKING ABOUT GOVERNMENT WORK HERE.
AND WE DON'T JUST HOPE. LIKE, WHAT HAPPENS IF YOU DON'T GET IT? WELL, IT'S LIKE ANYTHING ELSE YOU CAN PLAN FOR AN OPEN MARKET OFFERING.
AND IF THE MARKETS DON'T, ARE NOT WILLING TO INVEST IN YOU LIKE NOT LONG AGO, JUST I WANT TO SAY 2 WEEKS AGO, WE HAD PEOPLE FROM NEW YORK HERE IN TOWN TO PROVIDE CREDIT ENHANCEMENT.
WE'RE TALKING ABOUT THE CREDIT RATINGS AND THEY'RE IN THE TRIPLE B CATEGORY.
SO THIS IS WHAT HAPPENS IF YOU DON'T GET IT? IF YOU DON'T GET IT, IT MAKES IT REAL.
IT MAKES IT MORE CHALLENGING TO FUND THE ENTIRE.
I UNDERSTAND IT'LL BE MORE CHALLENGING, BUT WHAT'S THE PLAN? WELL, THE PLAN IS TO GET FIRST.
IF PLAN A IS TO GET THE FUNDING, THEY'RE THERE.
WE DON'T HAVE A REASON TO NOT BELIEVE THAT WE'RE NOT GOING TO GET THE FUNDING.
BUT. SO LET'S YOU GO THAT ROUTE AND YOU TRY TO GO GET THE FUNDING.
IF IT'S NOT THERE, WELL THEN YOU HAVE TO MODIFY THE PROJECT EITHER.
SOURCES. THERE ARE CERTAIN THINGS THAT WE HAVE.
HOW WILL YOU MODIFY THIS IS AND. I CAN I CAN ANSWER THAT QUESTION.
LET ME LET ME TAKE THAT. SORRY ABOUT THAT. SO THERE ARE SOME COMPONENTS OF THIS PROJECT, LIKE FOR EXAMPLE, THE GREEN SPACE THAT CAN BE DOWNSIZED AND HOW WE PROGRAM THE TOP, OR WE CAN GO AFTER NAMING RIGHTS, ETC. ALL OF THOSE THINGS WOULD REQUIRE US TO COME TO YOU AND TO THIS BODY AND SAY, HEY, THIS IS HOW WE WOULD LIKE TO FINANCE IT.
THERE'S SOME OF THESE ON THIS, ON THIS LIST THAT CAN BE DEFERRED IN A PHASE TWO AFTER WE'VE FINISHED THE CONVENTION CENTER, AND WE GO LOOK FOR FUNDING FROM OTHER SOURCES, BUT THEY'RE NOT.
THERE ARE QUITE A FEW ON THIS LIST THAT ARE NOT DAY 1 REQUIREMENTS.
IN ORDER TO OPEN AND FUNCTION THE CENTER. AND SO WE WOULD THEN GO PLAN.
WE WOULD LOOK AT THE DEBT THAT WE HAVE TO PAY.
WE WOULD LOOK AT THE OPERATIONS WHICH I'M BUILDING THAT BUDGET NOW, AND WHAT THOSE OPERATIONS WOULD COST LONG TERM, SO THAT WE SEE WHAT THE BOTTOM LINE IS. AND PART OF THE HVS STUDY THAT MR. HINOJOSA KEEPS REFERENCING SHOWS WITH THE WITH THE GROWTH OF THAT PROJECT FINANCING ZONE AND IT PAYING TRIPLE VERSUS WHAT WE INITIALLY FORECASTED, ALTHOUGH WE CANNOT USE THAT AS SOMETHING TO TO GO OUT INTO THE MARKET AND REVENUE BOND ON, WE CAN PUT IT INTO A FUND THAT IS RESERVE FUND, AND THAT IS SOMETHING THAT WE HAVE OUR FINANCIAL ADVISORS LOOKING AT NOW, AND THAT IS HOW WE WOULD THEN PAY FOR ANY PHASE TWO THINGS OPERATIONS, ETC.
THAT COME UP. AND IF YOU COULD EXPLAIN HOW THAT RESERVE FUND THAT YOU'RE WORKING ON RIGHT NOW, AS IT, AS IT FILTERS DOWN BECAUSE OF THE ANSWER.
ARE YOU SAYING THAT A RESERVE FUND CAN PAY OPERATIONS FOR SOMETHING THAT WAS PART OF THIS THIS ZONE? THERE'S THE RESERVE FUNDS THAT WOULD BE SET UP FOR LONG TERM MAINTENANCE.
SO IN EFFECT, THEY COULD BE ITS OPERATIONS OF THE BUILDING KEEPING IT OPERATIONAL, BUT THEY WOULD BE USED FOR CONSTRUCTION CAPITAL RELATED EXPENSES. YES. THANK YOU. YES. NOT DAY TO DAY OPERATIONS AS IN SALARY OR ANYTHING LIKE THAT.
OKAY. BUT THE OPERATIONAL MAKEUP OF THE ABILITY TO KEEP THE CONVENTION CENTER GOING.
I'M ASSUMING WE'RE KEEPING THE NAME KAY BAILEY HUTCHISON, AND YOU'RE TALKING ABOUT NAMING RIGHTS OF LIKE, INDIVIDUAL HALLS AND ROOMS, IS THAT RIGHT? YES. SO WHAT WE LOOK AT IS ASSETS, INTERIOR AND OUTSIDE AND WITHIN THE LARGER DISTRICT, AS WELL AS LOOKING AT THE GREEN SPACES THAT GO ACROSS ACROSS THE INTERSTATE, SO IT CAN BE BROKEN DOWN IN A
[01:20:09]
MULTIPLICITY OF WAYS. SO I'M CONCERNED THAT WE WOULD BE SEEKING NAMING RIGHTS FOR THE CONVENTION CENTER WHEN WE ARE ACTIVELY FUNDRAISING FOR THE POLICE ACADEMY. WELL, WE'RE NOT ACTIVELY DOING ANY NAMING RIGHTS RIGHT NOW.WE HAVE DONE SOME WORK THAT'S NOT YET READY TO COME TO COUNCIL.
WE'RE IN THE MIDDLE OF OUR HOMEWORK FOR IT, OBVIOUSLY.
SO YOU YOU NAME THAT OFF AS AN ALTERNATIVE IF YOU DIDN'T GET THE THE LOAN.
YOU ALSO MENTIONED IT AS A FUNDING SOURCE. AT OUR LAST PRESENTATION, WHAT IS THE DOLLAR AMOUNT YOU'RE EXPECTING OR YOU'RE PLANNING ON FOR NAMING RIGHTS? SO WE IN THE BUDGET, I THINK THAT WE PROVIDED YOU IN THE COUNCIL BRIEFING, IT WAS AT ABOUT 100 TO 200 MILLION. WE'RE NOT DONE WITH OUR HOMEWORK YET.
RIGHT? WE STILL HAVE TO. YOU JUST LITERALLY IN JANUARY APPROVED US TO GO FORWARD TO THE FINISH DESIGN, DEVELOPMENT AND AND CONSTRUCTION DOCKS ON THE CONVENTION CENTER.
AND SO ONCE WE DO THAT AND WE HAVE THE ENTIRE LAYOUT, THAT IS WHEN THE FIRM COMES IN AND THEY LOOK AT ALL OF THE PIECES OF THE BUILDING INTERIOR THAT CAN BE NAMED WHAT A PLAZA LOOKS LIKE ONCE IT'S COMPLETELY DESIGNED.
AND WHEN WE GO OUT WITH THE DEVELOPMENT AGREEMENT AND THEN TO WITH THE AUDITORIUM, THE DALLAS MEMORIAL AUDITORIUM, LOOKING AT THAT, AS IT'S DESIGNED TO SEE WHAT THE SPACES ARE THAT CAN BE NAMED.
SO TO YOUR POINT, YES, INTERIOR AND EXTERIOR AND THE PLAZA AND THE DECK SPACES CAN BE LOOKED AT.
WELL, I'M JUST GOING TO SAY THIS. SO IT'S ON CAMERA. THERE'S NO WAY YOU'RE EVER GETTING $200 MILLION FOR NAMING RIGHTS FOR A CONVENTION CENTER THAT ALREADY HAS THE ENTIRE CENTER NAMED. SO I JUST NEED TO SAY THAT. MY NEXT QUESTION IS THIS.
YOU HAVE THE ITEMS 1 THROUGH 12 ON SLIDE 7. CAN YOU ENUMERATE THE DOLLAR AMOUNT FOR EACH OF THOSE? I SEE IT ADDS UP TO 440, 440 MILLION, BUT HOW MUCH IS EACH ONE OF THOSE? WHAT WE DID, WE WE COMPRESSED THAT COLUMN BECAUSE WHEN WE GO OUT TO BID FOR THEM OF THESE THINGS, IF PEOPLE HAVE THE ACTUAL ESTIMATED DOLLAR AMOUNT, WE WON'T GET THE COMPETITION THAT WE NEED IN ORDER TO HAVE VARIOUS CONTRACTORS.
SO IF I ENUMERATED THEM, THEN I'M TELLING EVERYONE EXACTLY DOLLAR FOR DOLLAR WHAT TO BID ON THESE.
SO THAT'S THE REASON THEY ARE NOT THERE. AGAIN, I THINK THERE'S A TRANSPARENCY PROBLEM WITH THE FINANCES OF THIS ENTIRE PROJECT. WERE ALL OF THOSE ITEMS 1 THROUGH 12 INCLUDED IN YOUR FINANCIAL INVESTMENT OF 3.5 BILLION? YES, THEY WERE, THEY ARE THEY'RE ALL IN THAT BUDGET.
THEY'RE ALL IN THAT BUDGET. OKAY. THANK YOU. THANK YOU.
SO, ROSA, WHAT ANALYSIS WAS DONE TO DETERMINE THAT THIS SIB LOAN PROGRAM WAS THE LOWEST COST OPTION FOR FUNDING OF $116 MILLION. DID YOU COMPARE IT WITH REVENUE BONDS WITH THE PFC FUNDING? PFC FUNDING WE DID. WE COMPARED IT TO WHAT THE MARKET WAS DOING AND PERFORMING AT THE TIME, AND WE FOLLOWED THE CLYDE WARREN PARK MODEL AS IT WAS GOING THROUGH THE PROCESS TO SEE WHAT THEY WERE LOOKING AT AS WELL.
AND SO WE RELIED PRETTY HEAVILY ON OUR FINANCIAL ADVISORS TO GIVE US GOOD ADVICE ON WHETHER OR NOT THIS WAS ACTUALLY A GOOD CHOICE FOR DOING A 3RD TIER. YEAH, IT'S MORE LIKE A FOURTH TIER.
IT'S NOT IT'S NOT NECESSARILY COUNCILMAN THE, THE THE COST OF THE LOAN AS MUCH AS IT IS THE TERMS AND CONDITIONS AND WHERE IN THE STACK OF FUNDING FOR THE PROJECT THIS LOAN IS GOING TO BE AT AND FOR AND FOR WHAT YOU'RE PAYING FOR, THAT IS THE MOST IDEAL PLACE TO GO TO. NOW, I MAY ADD THAT JUST BECAUSE YOU GET THE LOAN COMMITMENT DONE, WE WILL CONTINUE. REMEMBER, WE HAVE THIS BRIDGE LOAN THAT WE'RE WORKING FROM, RIGHT? WE HAVEN'T GOTTEN TO THE FINAL PHASE OF, I THINK IN MARCH.
WE'RE PRESENTING THE ENTIRE PLAN. BUT BASICALLY AS WE GO DOWN THE LINE WITH FUNDING THIS PROJECT, WE'RE NOT WE'RE NOT NECESSARILY GOING OUT THERE AND FUND TRANSPORTATION PROJECTS FROM THIS PROJECT RIGHT AWAY.
[01:25:08]
WE HAVE A BASKET OF OPTIONS. WE HAVEN'T DETERMINED WHETHER WE'RE GOING TO HAVE TO GO OUTSIDE OF THE BASE OF OPTIONS TO GO AND ACCESS THIS.SO WE'RE BASICALLY PUTTING YOU IN IN THE BEST POSITION AT THIS PARTICULAR TIME OF FUNDING THIS, THIS, THIS PROJECT IN VARIOUS THROUGH VARIOUS WAYS, THIS JUST BEING ONE, IF IT ENDS UP BEING MORE EXPENSIVE THAN A THIRD FINANCING, WE WILL PULL BACK THE SABLAN. THE BEAUTY ABOUT THE SABLAN IS THAT WE DON'T HAVE TO MAKE PAYMENTS UNTIL WE CAN DEFER THE PAYMENTS.
THAT'S THE BEAUTY. AND IF YOU LOOK AT THE HBS STUDY, YOU KNOW, TODAY, THE STUDY IN 2026 PROJECTS ABOUT 170, $135 MILLION WORTH OF REVENUES IN 10 YEARS FROM NOW WILL BE AT $175 MILLION WORTH OF REVENUES.
SO WE'LL HAVE MORE TO WORK WITH AS AS THE AS THE THE PFC DISTRICT MATURES AS THE HOT TAXES MATURE, TOO. SO THAT'S WHAT WE'RE TRYING TO DO. TIME, TIME THE PAYMENTS.
SO WHAT WE'LL DO, AS I SAID IN OUR IN OUR TIMELINE WHEN WE COME BACK TO YOU IS SAY THE STATE HAS OFFERED THIS UP AT 4%, 4.25% AND 4.75 IN TODAY'S MARKET. OKAY. FOR BECAUSE WE'RE IN WHATEVER.
OKAY. SO 4.75% IN TODAY'S MARKET. AND SO WE'LL COME BACK TO YOU WITH DATA ALONGSIDE THAT TO SAY, HEY, AT THIS POINT IN TIME, THE MARKET IS SAYING THIS BASED ON WHETHER OR NOT WE DO SOMETHING IN THE IN THE MARKET OR WHETHER WE CONTINUE WITH THE WITH THIS LOAN BEFORE WE COME FORWARD. IT'S A REQUIREMENT OF THAT LOAN THAT WE COME BACK TO COUNCIL AND MAKE A DECISION ON WHETHER WE MOVE FORWARD WITH IT, AND WE WOULD NOT MAKE THAT DECISION AND CANNOT MAKE THAT DECISION WITHOUT YOUR INPUT.
SO YOU'RE ANTICIPATING BRINGING THAT TO THE COUNCIL IN AUGUST? YES. SO WE'LL BRING IT. I'LL UPDATE YOU BEFORE THAT.
IF THEY MAKE A DECISION IN APRIL, WE CAN EITHER DO A PRESENTATION LIKE THIS OR IF YOUR PREFERENCE IS A MEMO WHERE WE OUTLINE WHAT THOSE TERMS ARE COMPARED TO THE REGULAR MARKET, THEN WE'LL DO THAT AS WELL.
SO WE'LL DEFER TO TO YOUR PREFERENCE. AND DO WE HAVE A CHOICE OF TAKING THE FUNDING IN TRANCHES, OR DOES THE STATE REQUIRE YOU TO TAKE THE FULL LOAN AMOUNT AT ONCE SO THEY CAN START THEIR INTEREST RUNNING? THAT'S A VERY GOOD, VERY GOOD QUESTION. I THINK AS PART OF THE IF YOU LOOK AT PAGE EIGHT, WE WE'RE HOPING THAT APPROVES THE CAP.
THE 116. AND PART OF THE NEGOTIATIONS ARE WHETHER WE CAN TAKE THAT IN TRANCHES, YOU KNOW, PIECE BY PIECE OR ONE. I SUSPECT BECAUSE THEY'RE THE ADMINISTRATOR OF THE LOAN.
THE ISSUE FOR THEM, ONE LOAN, ONE AMOUNT, THE BETTER.
BUT IT'S NOT NECESSARILY WHAT SHOULD BE EASIER FOR THEM. IT'S WHAT'S PRACTICAL FOR US, RIGHT? SO AT THAT POINT, NOT KNOWING WHAT THE RATE IS TODAY, I MEAN, ALL WE'RE DOING RIGHT NOW IS FILING AN APPLICATION.
OKAY. THANK YOU. ANY OTHER FINAL QUESTIONS? OKAY.
THANK YOU VERY MUCH FOR YOUR PRESENTATION. THANK YOU SIR.
SO WHAT WE'LL DO IS WE'LL JUST NOTE THAT WE'LL EITHER DO A FOLLOW UP BRIEFING OR MEMO BASED ON THE FINDINGS OF WHETHER WE'RE ACCEPTED INTO THIS LOAN PROGRAM OR NOT. YES. SO WE'LL NOW MOVE ON TO OUR BRIEFING MEMORANDA, STARTING WITH C TRANSPORTATION PUBLIC WORKS QUARTERLY REPORT.
WERE THERE ANY QUESTIONS ABOUT THE TRANSPORTATION DEPARTMENT'S QUARTERLY REPORT? YES. COUNCIL MEMBER MENDELSOHN. THANK YOU. WELL, I JUST WANT TO SAY THAT SINCE THE 1ST YEAR I WAS ON COUNCIL, WE WOULD GET THESE AND WHAT WE'D FIND IS IN THE 1ST QUARTER, LIKE, MAYBE AN EIGHTH OF THE YEAR'S PROGRAM WOULD HAVE BEEN COMPLETED, AND EVERYONE ON THE COMMITTEE WOULD FLIP OUT LIKE, OH, MY GOD, HOW ARE YOU GOING TO EVER COMPLETE THIS DURING THE FISCAL YEAR? AND SO WHEN I SAW THIS MEMO, WHAT SHOCKED ME ACTUALLY, WAS THAT 36% OF THE LANE MILES HAVE ALREADY BEEN COMPLETED, AND I DIDN'T GO BACK AND LOOK AT ALL THE OTHER YEARS BECAUSE I JUST REMEMBER THE FREAK OUT AND I WAS ONE OF THEM THAT HAD IT.
AND SO I DON'T KNOW HOW YOU'VE DONE THAT, AND I WAS JUST WONDERING IF YOU COULD TELL US.
THIS IS VERY, VERY DIFFERENT THAN WHAT WE'VE EVER SEEN.
[01:30:07]
AND NUMBER 2, WE WERE LUCKY TO HAVE A DECENT WEATHER THAT WAS RELATIVELY DRY AND WARM.THAT ALLOWED US TO BASICALLY GO IN. AND THEN WE OPENED UP A LITTLE BIT OF ADDITIONAL WORKING HOURS, ESPECIALLY IN SOME OF THE LOCATIONS THAT ALLOWED US TO TO TRY TO GET AS MUCH AS WE CAN.
AND AND THE RESULT IS ON THE FIRST QUARTER, WE WERE ABLE TO GET ALMOST 36% OF THE WORK DONE.
WHAT IF YOU FINISHED BEFORE THE END OF THE FISCAL YEAR? WE'RE GOING TO KEEP GOING. AND IF WE HAVE SOME ADDITIONAL FUNDING, RESIDUAL FUNDING, WE'LL KEEP GOING.
WE ADDED ALSO THE DEFINITION OF WHAT WE'RE DOING TO THE REPORT.
SO FOR CLARITY OF WHAT WE'RE DOING AND WHAT TREATMENT IS BEING HAPPENING AT THE GIVEN LOCATION.
WELL, I THINK I HAVE MANY TIMES TALKED ABOUT THE APPENDIX BEING VERY USEFUL AND APPRECIATED, BUT I JUST WAS REALLY SURPRISED WHEN I SAW THAT, AND I DIDN'T KNOW IF THERE WAS SOME SOME OTHER REASON.
BUT OKAY, I'LL ACCEPT WHETHER WORKING HARD EXTENDED HOURS AND THAT YOU COULD USE THE SAME CONTRACTORS WITHOUT RE PROCURING, BUT. WOW. OKAY. I WILL SAY THANK YOU FOR ACKNOWLEDGING COUNCIL DID SOME OF THAT WORK, BUT ALSO CLEARLY THE PUBLIC WORKS DEPARTMENTS WORKING REALLY HARD. THANK YOU.
ANY OTHER QUESTIONS? OH, YES. COUNCIL MEMBER BLAIR.
I JUST WANT TO SAY THAT I, I LOOKED AT ALL OF THE AREAS WITHIN THE CITY.
SO WHEN IT WHEN I LOOKED AT DISTRICT 8 AND I SAW WHAT WAS BEING DONE, I JUST WANT TO SAY THANK YOU UPFRONT THAT THAT YOU HAVE MY HOT SPOTS IDENTIFIED ON THIS LIST IN. YOUR IN EXHIBIT B AND YEAH.
AND A SO JUST THANK YOU AND THANK YOU THAT THIS IS EASY TO READ AND EASY TO IDENTIFY WHERE WHERE WHAT AREA OF THE CITY WE'RE LOOKING IN. I JUST APPRECIATE THIS.
THANK YOU. YES MA'AM. THANK YOU THANK YOU. YES.
COUNCIL MEMBER CADENA. AND JUST FOR THOSE THAT ARE WATCHING, HOW DOES A STREET GET ON THIS LIST OR QUALIFY? SO IF YOU RECALL, WE CAME TO WE DID A BRIEFING LAST YEAR.
WE DO HAVE A 2 CONSULTANTS. SO WE DO AN ASSESSMENT OF THE EXISTING ASSETS, AND THEN WE RUN THE PROGRAM BASED ON THE SEVERITY OF THE DISTRESS ON THE ROADWAY.
AND IT HAS SEVERAL CRITERIA, IF YOU WILL. AND THAT'S HOW THEY GET PRIORITIZED.
AND CERTAINLY, YOU KNOW, AGAIN PARALLEL TO THAT, WE DO HAVE THE NEEDS INVENTORY THAT WE KEEP BASICALLY ON ON FILE, IF YOU WILL, FOR PROJECTS THAT YOU KNOW, COMES FROM COUNCIL MEMBERS AND OR MEMBERS OF THE PUBLIC.
SO DOES IT HELP FOR THE PUBLIC TO CALL 311 TO HAVE REPAIRS OR TO REPORT REPAIRS THAT MAYBE NEED TO BE DONE OR ASSESSMENTS? WELL, I MEAN, FOR THE REPAIRS, I MEAN, THERE IS A311 ABILITY TO CALL IN AND REPORT.
SO WHILE THE 311 CALLS ARE CERTAINLY HELPFUL AND HELPING US IDENTIFY AREAS OF CONCENTRATION.
THIS LIST COMES FROM FROM THAT STRATEGY. OKAY.
THANK YOU. AND DOCTOR KEN CARLY, THE FISCAL YEAR 2526 PROGRAM IS ALREADY ESTABLISHED FOR THE USE OF THESE FUNDS, IS IT NOT? THAT IS CORRECT, SIR. SO YOU'RE NOT PICKING UP NEW PROJECTS WILLY NILLY SO THAT THAT IS CORRECT.
AND NOW WE ARE IN THE PROCESS OF UPDATING THE NEW ONE SO WE CAN ISSUE THE 26 THROUGH 31.
[01:35:02]
HOWEVER, WHEN WE FIND OUT, LET'S SAY DALLAS WATER UTILITIES IS PLANNING ON REPLACING WATER WASTEWATER LINE OR SOMETHING ON THE ROADWAY.SO WE SLIDE THEM DOWN AND THEN MOVE SOMETHING UP UNTIL THAT WORK IS DONE AND WE COME BACK.
SO THERE WILL BE SOME ADJUSTMENTS. AND THIS IS WHY WE'RE WANTING TO SHOW WHAT IS INITIALLY WAS PLANNED AT THE BEGINNING OF THE YEAR, AND THEN HOW THINGS ARE PROGRESSING THROUGHOUT THE YEAR. RIGHT.
OKAY. SEEING NO FURTHER QUESTIONS. THANK YOU FOR YOUR PRESENTATION.
I HAVE A QUESTION ABOUT THIS. YEAH, OKAY. I THINK, YOU KNOW, JUST SO COUNCIL MEMBER MENDELSOHN YOU'RE RECOGNIZED FOR A QUESTION.
THANK YOU. SO ON THIS, THERE'S A QUESTION OF CHOOSING BETWEEN ALTERNATE APPROACHES.
AND I JUST LIKE TO SAY I WOULD LIKE BOTH. I DON'T THINK WE NEED TO DO ONE OR THE OTHER.
AND SO OPTION A IS SUNDAY CLOSURES AND YOU'VE GOT 4 DIFFERENT SUNDAYS.
AND OPTION B GIVES ONE WEEKEND AND YOU ACTUALLY GIVE 3 DIFFERENT OPTIONS OF THE 3 WEEKENDS.
AND I THINK EVERY SINGLE DATE LISTED IN THIS THING SHOULD BE DONE.
AND I THINK THAT THIS SHOULD BECOME A MASSIVE CELEBRATION FOR US DOWNTOWN.
LET'S SEE IT AND LET'S CELEBRATE AMERICA 250 AND SHOW OUR INTERNATIONAL VISITORS HOW WE REALLY CELEBRATE JULY 4TH AND AND OUR BIRTHDAY. BUT ALSO MAKE IT A PLACE THAT PEOPLE CAN COME AND GATHER AND ENJOY.
YOU KNOW, I SAW THERE WAS A BRIEFING THIS MORNING FROM QUALITY OF LIFE ABOUT SOME OF THESE ISSUES.
SO I HOPE THERE'LL BE A MASSIVE DISPLAY OF LIGHTS AND I HOPE IT'S OBNOXIOUS.
I MEAN, I HOPE IT'S SO MUCH THAT PEOPLE ARE LIKE A WONDERLAND OF LIGHTS.
I HOPE THERE'S MURALS. AND I KNOW I SAID THEY'RE GOING TO CHALLENGE BUSINESSES TO PUT UP MURALS, WHETHER THEY'RE, YOU KNOW, MORE TEMPORARY, TEMPORARY OR PERMANENT, LIKE, LET'S CELEBRATE US.
AND THIS IS SOMETHING UNIQUE AND SPECIAL THAT DALLAS HAS THAT A LOT OF OTHER PLACES DON'T HAVE.
YOU DON'T HAVE THIS KIND OF URBAN FEEL WHERE YOU CAN WALK THROUGH AND REALLY ENJOY.
I WOULD LOVE TO SEE THAT EXPAND TO ALL OF OUR PARKS TO HELP SELF-SUSTAIN THEM.
YOU KNOW, LET'S GO GET A SNOW CONE. LET'S, YOU KNOW, GRAB A WATER.
THEY WANT I HOPE DIFFERENT PARKS WILL HAVE DIFFERENT THEMES.
ONE CAN BE, YOU KNOW, OBVIOUSLY, ABOUT OUR FOUNDING FATHERS, BUT ALSO, YOU KNOW, CIVIL RIGHTS ERA, THE SPACE AGE, LIKE DIFFERENT PARTS OF OUR HISTORY THAT YOU CAN BE LIKE, OH, LET'S GO OVER TO MAIN STREET GARDEN.
THEY'RE DOING THIS. OH, LET'S GO OVER TO THIS PARK. THEY'RE DOING THAT. I THINK THERE'S JUST A HUGE OPPORTUNITY HERE TO GET PEOPLE OUT IN THE STREETS, HAVE A VERY SIGNIFICANT POLICE PRESENCE, NOT A SIGNIFICANT HOMELESS PRESENCE, AND REALLY CHANGE THAT NARRATIVE FROM WHAT PEOPLE THINK DOWNTOWN IS WHEN THEY HAVEN'T BEEN HERE TO WHAT IT ACTUALLY IS.
THIS IS YOUR CHANCE. IT'S AN AUTHENTIC CHANCE.
IT'S NOT CONVOLUTED. IT'S THE REAL DEAL. AND I HOPE YOU DON'T MISS IT.
AND LIKE, I CAN'T THINK OF A BETTER PLACE TO SHUT DOWN STREETS AND MAKE THIS REALLY SPECTACULAR.
SO I HOPE YOU DO IT ALL. WELL, WE APPRECIATE THAT AND THANK YOU.
I THINK IT REALLY SHOWED A GREAT COLLABORATION BETWEEN OUR DEPARTMENT, OUR STAKEHOLDERS, THE ABUTTING BUSINESSES THAT WERE ALONG THE STREET CLOSURE. IT SHOWED A GREAT INTERNAL COLLABORATION BETWEEN DPD, FIRE, TRANSPORTATION AND PUBLIC WORKS AND ALL OF THE PARTNERS THAT CAME TOGETHER TO PUT IT TOGETHER.
SO I THINK YOU'RE I THINK YOU'RE ABSOLUTELY RIGHT.
IT'S A GREAT OPPORTUNITY FOR THE CITY. I HEAR WHAT YOU SAY ABOUT THE INTERNAL COLLABORATION.
REALLY. I DON'T THINK THE CITY CAN PULL THIS OFF.
[01:40:01]
I THINK IT'S DDI WHO CAN DO IT. AND I KNOW THAT EVERYBODY'S BEEN OBSESSED WITH FIFA.AND I HOPE THAT WE PULL THAT DECLARATION OF INDEPENDENCE THAT WE HAVE SITTING AT THE LIBRARY, ONE OF THE ORIGINALS, AND MAKE IT MORE ACCESSIBLE FOR FOLKS.
AND I DON'T KNOW IF WE HAVE TO BUILD A DIFFERENT CASE AND HAVE SOMETHING AMAZING ON THE PLAZA, BUT LIKE, WE REALLY HAVE A CHANCE TO DO SOMETHING MEMORABLE, LIKE LIFETIME MEMORABLE RIGHT NOW.
AND I HOPE YOU DO IT. THANK YOU. ANYONE ELSE? VICE CHAIR ROTH. THANK YOU. I ALSO SORT OF WANT TO ECHO WHAT CHAIR MENDELSOHN HAS TALKED ABOUT.
THIS IS REALLY A GREAT OPPORTUNITY TO GET SOME ACTIVITY DOWNTOWN, AND I LIKE THE IDEA OF HAVING A CLOSED STREETS AND FOR FOR PARTICULAR EVENTS. THIS IS DONE ALL OVER THE WORLD. IT'S IT'S IT'S IT'S REALLY A SIGNIFICANT DEAL.
WHAT I'D LIKE TO THOUGH, SUGGEST OR REQUEST SOME, AT LEAST SOME THOUGHT ON THIS IS TO MAKE PARKING AVAILABLE DOWNTOWN FOR FREE OVER THESE WEEKENDS.
PEOPLE ARE STILL GOING TO BE TRYING TO DRIVE.
AND AND I THINK THAT ONE OF THE BIGGEST IMPEDIMENTS THAT PEOPLE HAVE IN COMING DOWNTOWN FOR EVENTS IS THEY GOT TO FIGURE OUT IF THEY'RE GOING TO SPEND A LOT OF MONEY ON PARKING.
AND AGAIN, WHAT WE'RE TRYING TO DO IS CREATE AN ACTIVITY, A VENUE.
WE WANT TO ATTRACT PEOPLE AND WE WANT TO ENCOURAGE PEOPLE TO TRY OUT THE STORE, TO WALK IN STORE AND FIGURE OUT IF THERE'S SOMETHING TO SHOP THERE AND IF THEY CAN COME DOWNTOWN AND SAY, WE'RE GOING TO HAVE AVAILABLE PARKING.
YOU DON'T HAVE TO WORRY ABOUT IT. YOU DON'T HAVE TO BE CONCERNED ABOUT IT.
PERHAPS SOME OF OUR STAKEHOLDERS DDI SOME OF THE PARKING COMPANIES THAT ARE THAT ARE DEALING WITH THIS, ESPECIALLY THE MERCHANTS THAT CONTROL THEIR PARKING.
I THINK IT NEEDS TO BE VERY CLEAR HOW PEOPLE CAN, CAN ACCESS THE VENUES THAT WE WANT TO GET THEM TO TO SOLICIT. JUST A SUGGESTION. COUNCIL MEMBER BLACKMON.
THANK YOU. OKAY, SO MY QUESTION BETWEEN THE OPTION A AND B WOULD OPTION B ALSO HAVE FULL DAY STREET CLOSURES, OPPORTUNITIES FOR MERCHANTS TO EXPAND FOOD AND BEVERAGE AND POTENTIAL AMENITY AMENITIES, BIKE, VALET, WHATEVER IT DO, THOSE FLOW INTO OPTION B AS WELL BECAUSE OPTION B JUST SAYS SELECT ONE WEEKEND FOR THE FOLLOWING DATES.
SO I'M KIND OF CUTE. I'M KIND OF CONFUSED ON WHAT EACH MEANS.
YES. SO THANK YOU SO MUCH FOR THAT QUESTION. IT WOULD, I BELIEVE ANYTHING THAT OPTION A AND B, IT'S JUST MORE OF A SUGGESTED DATE WISE FROM OUR PERSPECTIVE.
WE WOULD JUST LIKE TO SEE SOMETHING CONSISTENT FROM A DATE PERSPECTIVE.
WE CAN, I THINK, AGREE ON THAT. I THINK IF YOU DO ONE DAY I ACTUALLY THINK A WEEKEND.
YES. IS THE IN MAKE IT AS ROBUST AND FUN AND AND MAKE IT VERY PEDESTRIAN FRIENDLY.
AND IT WAS LIKE AND IT COULD BE LITERALLY LIKE, WELL, I DON'T KNOW WHAT'S GOING ON IN DALLAS, BUT I KNOW IN DOWNTOWN DALLAS THERE'S SOMETHING GOING ON THIS WEEKEND BECAUSE ESPECIALLY FOR JULY 4TH, I MEAN, IT'S GOING TO BE A SPECTACULAR TIME. ABSOLUTELY.
OKAY. WITH THAT BEING SAID, ARE Y'ALL GOING TO COLLECT DATA IN WHICH TO THEN SUPPORT MORE CLOSURES FOR WEEKENDS AND MORE STREET CLOSURES FOR PEDESTRIAN OPPORTUNITIES? BECAUSE I THINK THAT'S THAT'S WHAT WE NEED HERE IS THAT CONNECTIVITY, WALKABILITY BETWEEN, YOU KNOW, BIG YOU KNOW, LIKE, WE HAVE THE CONVENTION CENTER, WHATEVER HAPPENS HERE OR WHATEVER IN WHATEVER GOES INTO THE DALLAS COLLEGE, WE NEED THOSE CONNECTIONS, ESPECIALLY LIKE INTO FARMERS MARKET.
AND I DO THINK COLLECTING DATA TO MAKE A CASE ON WHERE THAT IS TO THEN WHEN DDI IN THE CITY COMES WORKING TOGETHER BECAUSE I THINK WE NEED MORE CLOSURES, TO BE QUITE HONEST, I FOR WEEKENDS FOR STUFF LIKE THIS, I ACTUALLY WANT THAT.
I WANT MARKETS, I KNOW PROBABLY SOME OF Y'ALL ARE LIKE GOING LIKE LIKE TO KNOW THAT, OH WAIT, I DON'T KNOW WHAT'S GOING ON. BUT I KNOW IF I GO TO THE ARTS DISTRICT TONIGHT, THERE WILL BE IT WILL BE SHUT DOWN. I COULD GET A GLASS OF WINE.
THERE'LL BE PEOPLE, YOU KNOW, DIFFERENT CONCERTS HAPPENING.
I THAT IS WHAT WE NEED, IN MY OPINION. BUT I DON'T I DON'T LIVE DOWNTOWN, BUT THAT IS THE KIND OF DOWNTOWN THAT I LOOK FOR WHEN I TRAVEL, SO. AND I THINK THIS IS AN OPPORTUNITY TO START MAKING THAT CASE FOR AN OPPORTUNITY LIKE THAT.
[01:45:05]
YEAH, ABSOLUTELY. SO I'M SORRY. I'M SO SORRY.MY NAME IS JUAN GALVAN. I'M WITH DOWNTOWN DALLAS, INC.
I'M THE DIRECTOR OF PARKS PROGRAMING AND EVENTS.
I'VE BEEN WITH THE COMPANY FOR 8 YEARS NOW, AND I MANAGE ALL OF OUR 12 PARKS IN DOWNTOWN DALLAS.
AND TRICK OR TREAT HAPPENS TO BE ONE OF OUR PROJECTS THAT WE DID.
AND SPEAKING BACK TO YOUR QUESTION YES, WE CURRENTLY DO COLLECT DATA FROM A MONTHLY PERSPECTIVE.
IT'S CALLED PLACER AI THAT WE DO FACILITATE NUMBERS FROM VISITATIONS, HOW LONG THEY DWELLED, AND HEAT MAPS FROM WHERE THEY'RE COMING FROM EITHER VISITORS, RESIDENTIAL OR EMPLOYEES.
AND THEN WE ALSO SHARE THAT INFORMATION FROM OUR PROJECT LAST YEAR FROM TRICK OR TREAT ON DOWNTOWN STREETS WITH OFFICES, SPECIAL EVENTS, AND LAST YEAR THAT PROJECTED, I BELIEVE, OVER 7000 PEOPLE CAME.
IN A 3 HOUR PERIOD. EXACTLY. WHICH MEANS THERE'S PENT UP DEMAND.
SO I THINK THE MORE WE GIVE, ESPECIALLY WITH ALL THE FOREIGN VISITORS FOREIGN TO DALLAS, YOU KNOW, LIKE, NOT JUST FOREIGNERS, BUT JUST PEOPLE COMING IN TO DALLAS FOR WHATEVER REASON, I THINK IS AN OPPORTUNITY.
AND I THINK IT'D BE ONE TO BE KIND OF COOL AND FUN TO DO.
THANKS. COUNCIL MEMBER. GRACEY. THANK YOU. I TOO, I LIKE THESE IDEAS AS WELL.
AND I WOULD JUST THROW SOME THINGS OUT THERE AS WE'RE, YOU KNOW, HAVING THESE CONVERSATIONS WITH DART AND THINGS LIKE THAT, PERHAPS TRYING TO FIGURE OUT SOME WAY TO INCENTIVIZE PEOPLE TO ACTUALLY USE DART TO GET TO THESE THINGS.
AGAIN, LIKE YOU, WHEN I GO OUT OF TOWN, I ACTUALLY ENJOY JUMPING ON THERE BECAUSE I WANT TO SEE HOW PEOPLE LIVE ON A REGULAR BASIS, BUT ALSO I DON'T REALLY LIKE TO PARK. I DON'T LIKE FINDING PARKING OR ANY OF THOSE KIND OF THINGS.
SO BEING ABLE AS WE DO THIS, LET'S NOT THINK ABOUT JUST THIS EVENT.
LET'S THINK ABOUT HOW WE'RE TRYING TO BUILD THIS CITY INTO A CITY WITH EXPERIENCES WHEREVER YOU GO.
THE POINT IS, WE CAN SHUT IT DOWN SO THAT WE CAN HAVE FEWER CARS, HAVE MORE WALKABILITY.
THANK YOU. ANYONE ELSE JUST WANT TO ECHO WHAT COUNCIL MEMBER GRACEY SAID.
AND I LOVE OPTION A JUST TO CLOSE DOWN THE STREETS AND, AND ALLOW PEOPLE TO, TO ENJOY DOWNTOWN.
THANKS. GREAT. I TOO AM STRONGLY SUPPORTIVE OF AS MANY CLOSURES AS WE CAN ACTUALLY PROGRAM WITHOUT OVER WITHIN OUR RESOURCES TO DO THAT. ARE THERE ANY OPPORTUNITIES FOR MONETIZING THIS CHARGING FEES TO THE VENDORS, STREET VENDORS, OR THE STORES THAT UTILIZE PUBLIC RIGHT OF WAY WHILE IT'S CLOSED? SO THAT'S ONE OF THE THINGS THAT WE'RE EXPLORING RIGHT NOW IS CAN WE DO A VENDOR FEE PER BOOTH AND ALLOW THEM TO SET UP AND BASED ON THE SIZE OF THE BOOTH, ETC.. AND SO WE'RE EXPLORING THAT WITH DDI, WITH VISIT DALLAS AND WITH THE FIFA ORGANIZING COMMITTEE AS WELL.
WELL, TO MAKE THIS A SUSTAINABLE EVENT THAT DOES CONTINUE PAST FIFA, FRANKLY, I'D LIKE TO SEE IT HAPPEN ONE WEEKEND A MONTH GOING FORWARD WITH PERHAPS SPECIAL EVENTS FOR THE HOLIDAYS WE'RE GOING TO INCUR CERTAIN COSTS FOR POLICING BARRICADES, ETC. THAT WE AT LEAST NEED TO COVER THOSE COSTS.
SO I REALLY THINK THAT'S AN IMPERATIVE TO LOOK AT WAYS THAT WE COULD CHARGE FEES, NOMINAL FEES.
ABSOLUTELY. SO WE ARE EXPLORING THAT AND LOOKING AT THE COST OF THINGS LIKE IF WE BUY BARRICADES AND HAVE THEM AND RENT THEM OUT TO THE PEOPLE, INSTEAD OF TAKING UP SOME OF THE BARRICADES THAT ARE CURRENTLY OFFERED BY PUBLIC WORKS SO THAT WE DEFRAY SOME OF THAT COST NOT JUST FOR US, BUT FOR THE ORGANIZERS OF THE EVENTS AND THE PARTICIPANTS AS WELL.
SO WE'RE LOOKING AT ALL OF THOSE OPTIONS AS WE MOVE FORWARD.
OKAY, GREAT. ANYTHING FURTHER? ALL RIGHT. WE HAVE A FORECAST FOR THE NEXT 2 MONTHS AS ITEM E, AND AT THIS POINT, IT IS NOW 2:54 P.M.. THE TRANSPORTATION AND INFRASTRUCTURE COMMITTEE IS HEREBY ADJOURNED.
ANY QUESTIONS ABOUT ITEMS? WHAT ITEMS?
* This transcript was compiled from uncorrected Closed Captioning.