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WELCOME TO THE FEBRUARY 24TH, 2026
[Dallas Public Facility Corporation on February 24, 2026.]
DALLAS PUBLIC FACILITIES CORPORATION BOARD DIRECTORS MEETING.MY NAME IS KEITH
I'D LIKE TO CALL, SORRY, LATE TODAY.
I'D LIKE TO CALL THE MEETING TO ORDER AT 12:01 PM MOVING TO THE NEXT ITEM TWO, ROLL CALL, SAM.
STACY MARSHALL, PRESIDENT BRIAN BLANK BROOKS CHRISTIAN MARQUEZ WILL BE LATE.
UH, WILL ALSO BE ABSENT STORMS. UH, JASON BROWN.
LET THE RECORD REFLECT WE HAVE, UH, 10 DIRECTORS PRESENT.
MOVING ON TO ITEM NUMBER THREE.
DO WE HAVE ANY PUBLIC COMMENTS ON ITEM 4, 3 13? DO WE HAVE ANY SIGNED UP IN PERSON OR THAT ARE PRESENT ONLINE TO SPEAK? NONE.
UM, LEMME SEE IF ANYONE'S RAISING THEIR HAND ONLINE.
DISCUSSION AND APPROVAL OF THE MINUTES OF FEBRUARY 3RD, 20 SHOULD BE 2026.
MOTION TO APPROVE THAT AMENDMENT.
SECOND, WE HAVE A MOTION MADE ON THE FLOOR BY DIRECTOR HOLMES.
SECONDED BY DIRECTOR MARSHALL.
WE HAVE ANY DISCUSSION? LET'S MOVE TO A ROLL CALL VOTE.
MR. MARQUEZ, UH, VICTOR TOLEDO.
AND MONTGOMERY MARK HOLMES APPROVED.
LAUREL STONE OUT, UH, KEITH
ITEM NUMBER FIVE, COMMUNITY ANNOUNCEMENTS.
DO WE HAVE ANY COMMUNITY ANNOUNCEMENTS FROM OUR ON PROPERTIES OR, UM, ANYTHING IN, IN HOUSING AND SUCH THAT, UH, PEOPLE, UH, MEMBERS WOULD LIKE TO MAKE US AWARE OF? VERY GOOD.
WE'LL MOVE ON TO ITEM NUMBER SIX.
DPFC BOARD MEMBERS SHOULD DISCLOSE ANY RELATIONSHIP A MEMBER MAY HAVE WITH THE PROJECTS TO BE CONSIDERED ON THIS AGENDA OR WITH ANY DEVELOPER, PARTICIPANT, OR FINANCIAL BENEFICIARY OF THE PROJECTS TO BE CONSIDERED ON THIS AGENDA.
EVEN IF THAT RELATIONSHIP DOES NOT RELATE TO ITS SPECIFIC PROJECT, THE DPFC BOARD IS CONSIDERING.
MOVING ON TO ITEM NUMBER SEVEN, DISCUSSION AND APPROVAL OF RESOLUTION AUTHORIZING THE NEGOTIATION AND EXECUTION OF A TERM SHEET FOR TRINITY WEST.
AN AFFORDABLE MULTI-FAMILY DEVELOPMENT PROJECT IN PARTNERSHIP WITH BUILDERS OF HOPE TO BE LOCATED AT 3 4 5 3 1 5 5.
NORMANDY BROOK ROAD, DALLAS, TEXAS 7 5 2 1 2.
SO WE HAVE HERE AN APPLICATION FROM BILL OF POPE AND THEN REPRESENTATIVES THERE
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UNDER OUR AND CHRIS LEWIS.THEY HAVE A SHORT VISITATION HERE TO ALL THEIR PROPOSAL INSIDE.
IT'S A PLEASURE TO COME UP, UH, BEFORE YOU TODAY.
UM, IS THAT MIKE ON PUSH THE BUTTON ON THE BUTTON.
GOOD, GOOD, GOOD AFTERNOON, PRESIDENT AND UH, FELLOW DIRECTORS.
IT'S A PLEASURE TO COME FOR YOU TODAY.
UM, THANK YOU FOR YOUR SERVICE AS A, UH, PASS AT H-C-C-P-C COMMISSIONER DILIGENCE AND TIME TAKES.
IN ADDITION TO THE, UH,
A HUNDRED UNITS ON THE SECOND PHASE.
I I'M NOT SEEING THE, THIS NEEDS TO BE.
HE SAID I'LL, NO, IS IT YOURS OR HIS? BECAUSE I HATE TO CLICK SHARE.
UM, SO BEFORE YOU GO IN DEPTH ABOUT THE ACTUAL PROJECT ITSELF, I WILL GIVE YOU A QUICK BACKGROUND OF THOSE TOTAL.
UH, THOSE TOTAL HAS BEEN AROUND SINCE 1998.
UH, WE, ONE OF THE, UH, ONE OF, UH, FOUR COMMUNITY DEVELOPMENT CORPORATIONS ARE STILL AROUND FOR THESE, UH, PHOTOS WAS ONLY ONE IN DALLAS COUNTY.
OUR MISSION IS VERY SIMPLE, IS TO BUILD DALLAS, UH, AND SURROUNDING COMMUNITIES BY PEOPLE, PLACES THAT THEY DO THIS.
FOUR DIFFERENT, UH, UH, PILLARS.
UH, FIRST INSTRUCTED PRESERVING AFFORD HOUSING.
SECONDLY IS THROUGH COMMUNITY INITIATIVES.
THIRDLY, TO CULTIVATE PUBLIC POLICY.
YOU MIGHT BE AWARE OF OUR MENT TOOLKIT.
LAST IS THROUGH CREATING, UH, ECONOMIC 40 YEARS.
I'M, I'M SORRY, CAN YOU, I THINK YOUR MIC GOT TURNED OFF AGAIN.
SO THE PROJECT ITSELF, UH, HERE YOU CAN SEE BY THE RED STAR.
IT'S LITERAL ABOUT TWO, THREE MILES WEST OF DOWNTOWN, ABOUT A MILE AND A HALF WEST OF TRINITY GROVE.
AS, AS I'VE MENTIONED ORIGINALLY, THE TWO AZURE.
SEE SLIDE HERE, 34 7, WHICH WILL BE IN THE REAR.
AND 31 WOULD BE, UH, ALONG SINGLETON, UH, NEAR SMALL.
OKAY, HERE'S A MORE, THERE'S A LAG.
SO THIS IS THE TWO PHASE DEVELOPMENT.
UH, THE FIRST PHASE IS 36 UNITS, WHICH IS GONNA BE IN THE REAR.
UM, AND THEN, UH, THE 31 55 WAS ALONG SINGLETON THERE.
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UH, 36 UNIT IS A THREE, UM, STORY.UH, FRONT REAR ACCESS, SURFACE PARKING, UM, RIGHT UNDER ONE ACRES.
UH, FRONT FRONT PARCEL IS THE SECOND PHASE OF ABOUT A HUNDRED UNITS.
IT'S GONNA BE A THREE STORY, UH, WITH MUCH MORE AMENITIES LIKE A SKY LOUNGE BECAUSE THAT HAS SURFACE SURFACE LEVELS PARKING, UM, ADDITIONAL AMENITIES THAT BOTH UNITS CAN, UH, CAN, UH, TAKE ADVANTAGE OF.
UH, A LITTLE BIT MORE ABOUT THE CENSUS TRACK.
UH, THIS IS CENSUS TRACK 1 0 1 IN LOSAL.
UH, HISTORICALLY, YOU KNOW, THIS ONE ARE THE MOST CENTRALIZED, CONCENTRATED AREA OF PROPERTY, UH, WITH THE MOST, UH, PROJECTS OF ONE TIME.
BUT YOU SEE OVER THE LAST PAST 10 YEARS, THERE IS, UH, THREE DIFFERENT DEVELOPMENTS THAT'S GOING TO THREE DIFFERENT PHASE HERE.
FIRST INCOMING HOMES PARTNER WITH OUR HOMES TO PREE HOME BUYER, UH, CLASSES, UH, AND ASSISTANCE.
UH, THAT'S ONE OF THE THINGS THAT, UH, THE SERVICES THAT THOSE HOPE HAS FOR REAL CERTIFIED AGENCY.
SO WE DO A LOT OF ONE-ON-ONE COUNSELING, BUDGETING, HELPING FAMILIES GET AT LEAST FOR SAVINGS AND INCREASING THEIR CREDIT SCORE OF SIX.
UM, SO THE SECOND PHASE IS WHAT WE'RE TALKING ABOUT TODAY IS THE MULTIFAMILY GOLDMAN.
AND THEN, UM, RIGHT, UH, JASON TO THE FRONT SIDE HERE IN RED IS GONNA BE OUR FIVE ABOUT SQUARE FOOT COMMERCIAL SPACE.
SO IT'S GONNA BE OUR NEW OFFICE SPACE WHERE WE'RE GONNA HAVE, UH, S AND U LAW HANDLES OUR ESTATE PLANNING AND AIRSHIP CLASSES AND PROTEST CLINICS AS WELL AS DO OFFICE SPACE, OH AND ALSO WE'RE KIND OF WORKING WITH, ALRIGHT, HERE'S A PICTURE OF THE, UH, FIRST PHASE, WHICH IS THE 36 UNITS.
TRINITY WEST VILLA, UH, THREE TIER.
UM, I THINK, UH, ABOUT FIVE OR SIX, SEVEN UNITS HAVE ACCESS.
UM, I, THERE'S ABOUT TWO LEGISLATIONS THERE.
UM, AND THIS IS AT THE REAR OF THE, UH, DEVELOPMENT HERE.
UM, ON AVERAGE IT'LL TAKE ABOUT 13 MONTHS FOR DEVELOPMENT.
AND UM, THIS ONE WE WILL GET TO THE AFFORDABILITY MATRIX.
SO YOU SEE A BREAKDOWN OF THE, UH, NEW MIX, BASICALLY MICRO CITY HALL, INTERNET, THE BEST.
I THINK WE MIGHT BE LOSING YOUR VOLUME AGAIN TOO.
MY, YEAH, MAYBE PERHAPS JUST HOLD IT CLOSER.
IS THAT BETTER? IT BETTER WHEN YOU'RE CLOSER TO THE OH, OKAY.
LIKE WE LOST THE PRESENTATION.
ARE WE HAVING INTERNET ISSUES TODAY? I GUESS, YEAH.
IT'S BEING REALLY SLOW CONNECTIVITY OR YES.
APOLOGIZE TO OUR PRESENTER FOR THE OH, NO WORRIES.
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ALRIGHT, THANKS.UM, HERE IS THE, UH, SECOND PHASE, WHICH IS A HUNDRED UNIT HERE, UH, ON, RIGHT UNDER TWO ACRES.
AGAIN, IT'S GONNA BE THREE STORIES.
SERVICE PARTNER WITH MORE AMENITIES.
UH, SO WE HAVE THE SKYLINES AS WELL AS, UH, ADDITIONAL AMENITIES CATER TO OUR FAMILIES AS WELL.
UM, AS A REMINDER, THIS IS THE FRONT OF THE DEVELOPMENT, WHICH TRINITY BY ELEMENT.
SO FROM A FACADE STANDPOINT, WE HAVE MUCH NICER QUALITY ELEVATION.
SO HERE'S A BREAKDOWN OF THE
UM, JUST SAY WITH ADDITIONAL POINTS THAT, UH, THIS HAS RECEIVED SOME INCENTIVES FROM DALLAS REGARDS TO PRE-DEVELOPMENT AND LAND ACQUISITION.
UM, WHICH INCREASED THE AFFORDABILITY FOR DEEPER AFFORDABILITY.
UH, SO WE SEE YOUR OPPORTUNITY WHERE GOES WITH 36 UNITS.
YOU CAN SEE THAT WE'RE GETTING CATERING DOWN TO, UH, ABOUT 50% A MI, ALL THE UP TO MARKET.
AND WITH THE SECOND PHASE, WHICH IS CONTRIBUTED, WE PLACE LOTS OFF, EXCUSE ME.
UM, IS THAT IT IS GOING TO BE BETWEEN, UH, 60 TO 8% ALL THE WAY UP TO MARKET.
SO WE'RE HERE TODAY BECAUSE IN ORDER TO MAKE THIS A SUCCESSFUL PROJECT, DEFINITELY, UH, STRONGLY OUR REQUEST, YOUR PARTNERSHIP WITH ITS DEVELOPMENT SO FAR.
THE FIRST PHASE IS ABOUT 8 MILLION, SECOND PHASE MILLION COLLECTIVELY, AND THEN ABOUT 8 MILLION PROJECT.
AND JUST AGAIN, WITH THAT, JUST FROM A COMMUNITY OUTREACH STANDPOINT, AS YOU, IF YOU'RE FAMILIAR, FAMILIAR WITH
SO WE ALREADY KIND OF DID INITIAL CONTACT TO, UH, WEST DALLAS.
ONE, WHICH IS THE, UH, NEIGHBORHOOD COALITION FOR WEST DALLAS.
SECOND PART OF THAT, WE'RE WORKING RIGHT NOW TO, UH, DO CAPITAL SESSION WITH THE ACTUAL NEIGHBORHOOD BECAUSE SINCE SOME OF THE S BEEN SOLD, OBVIOUSLY NEW RESIDENTS, YOU JUST A REMINDER OF SOME OF THESE NEW RESULTS THAT ARE COMING.
SO I'LL PAUSE AND HOPE ANY QUESTIONS.
AND, UH, I SAW DIRECTOR, DISTRICT SIX, DIRECTOR MARQUEZ, SOME, HE HAS A CONFLICT OF INTEREST.
OH, THERE'S A CONFLICT ON THIS ONE THAT HE'S NOT HERE.
I WASN'T, I WASN'T AWARE HE WAS.
AND DO WE HAVE ANY COMMENTS, QUESTIONS FROM THE BOARD? I, I HAVE A QUESTION.
SO MR. LEWIS WAS GRACIOUS TO GO MEET WITH, UH, COUNCIL MEMBER ADEENA.
THAT'S, YOU KNOW, OBVIOUSLY I PREFER METHOD OF THIS, RIGHT? UM, YOU KNOW, JUST BECAUSE RECENT PROJECTS IS VERY CORRECT IN MY MIND.
'CAUSE WE'RE, WE'RE STILL DEALING WITH ONE TOMORROW THAT A YOUNG COUNCIL, UH, THAT THEY DIDN'T GET A LETTER OF SUPPORT FROM THE NEIGHBORHOOD.
AND THAT'S KIND OF WHAT THE COUNCIL MEMBER'S USING TO SUPPORT THIS.
HAVE YOU GUYS GOTTEN EITHER OFFICIAL LETTER OF SUPPORT FROM THE ACTUAL NEIGHBORHOOD OR JUST THE WEST COALITION ONLY? ONLY VERBAL COMMIT FROM WEST THAT, AS YOU MENTIONED, WHEN WE DO COUNCIL CAVEATS, SO WE'LL MAKE SURE FOR
WE, AGAIN, CAVEAT IS THAT WE UNDER LEADERSHIP TRANSITION, SO I CAN INTERIM OF OUR COMPANY, SO LOGISTICS, BUT WE ARE IN THE PROCESS TO MAKE SURE, THAT'LL DEFINITELY SUPPORT DIRECTOR MONTGOMERY.
UM, MR. LEWIS, YOU, YOU JUST MENTIONED THAT YOU'RE IN A LEADERSHIP TRANSITION.
COULD YOU TELL US ABOUT THAT? YEAH, SURE.
SO I'VE BEEN WITH THOSE FOLKS FOR ABOUT THREE YEARS, OBVIOUSLY, UH, HOUSING DEVELOPMENT AND STUDENT CONSTRUCTION.
UM, SINCE THEN, UH, YEAH, I'VE BEEN DOING DUAL ROLES, BUT TO ENSURE THAT THIS IS A SUCCESSFUL PROJECT, THIRD PARTY CONSULTANT, BOTH
AND, UH, AND WHO DID YOU SUCCEED?
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UH, JAMES ARMSTRONG AND MR. ARMSTRONG IS EMPLOYED WITH THE CITY AND YES, THERE IS WENT THROUGH A CLEAN BREAK.THERE'S NO, UM, CONFLICT INTEREST ISSUES THAT HE'S NOT INVOLVED IN ANY OF THE PROJECTS YOU OR ANY DIFFICULTIES ON.
DO YOU HAVE AN ADVISORY OPINION FOR THAT EFFECT? CAN YOU CLARIFY A LEGAL ADVISORY? UH, YEAH.
SO OUR REAL ESTATE ATTORNEY THAT WE HAVE IS TECHNICAL GROUP.
SO HE ADVISED US LEGALLY FOR ALL HIS FELIX.
BECAUSE MY, MY, MY ETHICAL PROBLEM ON THIS ISSUE, AND SAM YOU MIGHT RECALL FROM THE REAL ESTATE COMMITTEE THAT I HAD ASKED FOR SOMEONE FROM THE CITY ATTORNEY'S OFFICE.
I KNOW HANNAH'S HERE, BUT I DON'T WANNA PUT HER ON THE SPOT.
UM, IF IF SHE'D LIKE TO, TO SPEAK TO THIS, THAT'S FINE.
I'D ALSO ASK FOR SOMEBODY FROM THE DEPARTMENT OF HOUSING, UH, TO ADDRESS THE 8 MILLION THAT MR. LEWIS SAID EARLIER WITH, UH, UH, IMPACTED AFFORDABILITY THAT, UH, SO YOU HAVE DOMINIC MELTY ONLINE, SHE WAS PART OF, UH, ISSUING THOSE FUNDS.
DO YOU WANNA YEAH, I, I WANNA, WELL, WE CAN'T GO ANYWHERE UNTIL WE ADDRESS THE ETHICS ISSUES.
SO, UM, SECTION 12, A DASH 14, UM, THIS IS SMALL.
A, UM, NUMBER THREE, A CITY OFFICIAL EMPLOYEE MAY NOT, BUT IN 12 MONTHS IN BEGINNING HIS OR HER EMPLOYMENT OR SERVICE WITH THE CITY AWARD A CONTRACT OR PARTICIPATE IN A MATTER OF BENEFITING A PERSON OR BUSINESS ENTITY THAT FORMALLY EMPLOYED THE CITY OFFICIAL OR EMPLOYEE.
UM, SO IT, UM, AGAIN, AND I DON'T KNOW IF YOU, YOU CAN SPEAK TO THIS, BUT, UM, I, I WOULD ASSUME AT A MINIMUM WE WOULD GET A, AN ADVISORY OPINION THAT, UH, THEY AREN'T IN VIOLATION OF THAT, THAT ETHICS, UM, CODE.
BUT IT, IT SEEMS PRETTY CLEAR THAT, THAT THERE IS A, UH, A CONFLICT.
GOOD AFTERNOON, CITY ATTORNEY.
GOOD AFTERNOON, HANNAH PEACOCK, ASSISTANT CITY ATTORNEY.
SO, UM, THE QUESTION THAT WE PROPOSED ORIGINALLY REACHED OUT TO, I THINK WE THOUGHT IT WAS ABOUT WHETHER THE CITY OFFICIAL DIDN'T GO WORK FOR A DEVELOPED PRIVATE ENTITY FOR A YEAR, OR COULDN'T DO THAT FOR A YEAR, WHICH IS, WE DON'T KNOW ANY PEOPLE SAYING THAT, BUT, UM, GIVEN YOUR QUESTION, UM, IT IS TRUE THAT MR. ARMSTRONG IS, THERE ARE MEASURES IN PLACE WITH THE CITY TO KIND OF KEEP HIM OUT PUTTING, WORKING ON ANY MATTERS THAT WOULD DEAL WITH THIS, UH, WITH THIS DEVELOPER.
SO I, I BELIEVE THERE ARE CONFLICT ISSUES AND HAS AN ADVISORY BEEN ISSUE TO THAT EFFECT, THAT IS NOT SOMETHING THAT ISSUE.
SO THEN, PER THE, UM, FOR THE, THE CODE ITSELF PER CHAPTER 12 DAY, IT SAYS THE CITY OFFICIAL OR EMPLOYEE MAY NOT WITHIN FOR 12 MONTHS, BEGINNING HIS OR HER EMPLOYMENT OF SERVICE AT THE CITY AWARD, A CONTRACT PARTICIPATE IN A MATTER OF BENEFITING THE PERSON OR ENTITY THAT FORMALLY EMPLOYED THE CITY OFFICIAL OR EMPLOYEE THAT'S BLACK AND WHITE.
UM, AND I, I APPRECIATE THE, THE ANSWER, BUT I, THERE'S NOTHING IN THERE OTHER THAN, WELL, WE KEEP 'EM AWAY FROM IT, UH, THAT, UH, THAT ADDRESSES THAT ISSUE.
SO I, I, I'M GONNA HAVE A, A BIG PROBLEM AND I, I'VE GOT PROBLEMS WITH THE, THE, THE DEAL ITSELF.
I THINK THERE ARE ISSUES AROUND THE AFFORDABILITY.
UM, BUT, UH, THIS ETHICS ISSUE IS, UH, FAR TOO CONCERNING THAT TO SUPPORT, UH, THIS PROJECT.
AND I, AND I WILL SAY THIS, THE PROGRAM STATEMENT THAT WE'VE BEEN DEBATING, UM, PROVIDES THAT THE STAFF VERSION, THOR'S VERSION OF THAT PROGRAM STATEMENT, UM, IS DESIGNED TO PROVIDE CITY STAFF WITH MORE AUTHORITY WITHIN AND OVER THIS BOARD.
UM, AND WHEN WE HAVE ISSUES LIKE THIS, THAT THAT CONCERNS YOU GREATLY.
UM, WE AS A BOARD, UM, LOOK AT THINGS ON THEIR MERIT AND WE EVALUATE PROJECTS BASED ON MERIT ALONE, UM, NOT ON, UH, INFLUENCE FROM, UM, FOLKS THAT ARE ON STAFF OR LIKE OFFICIALS.
SO, UM, I, I FIND THAT VERY PROBLEMATIC AND REALLY DON'T SEE, UM, UH, I, I, I DON'T SEE ANY VALUE IN, UM, LOOKING AT THE MERITS OF THE DEAL, UM, AT THIS POINT FROM MY PERSPECTIVE.
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THANK YOU.DIRECTOR MONTGOMERY, DIRECTOR
UM, UM, DIRECTOR MONTGOMERY, JUST IN TERMS OF PROCESS OF WHAT YOU WOULD WANT TO SEE MOVING FORWARD, UM, ESPECIALLY GIVEN WHERE THE CURRENT STATEMENT'S AT.
SO MY EXPERIENCE ON BOARD SUBMISSIONS IS THAT THE CITY ATTORNEY'S OFFICE WON'T GIVE YOU ANYTHING, RIGHT? YOU EMAIL THEM ALL YOU WANT, THEY'LL CALL YOU, RIGHT? AND EVERYTHING IS IS DONE THAT WAY.
SO IF WE OPERATE UNDER THIS, UM, IDEA THAT, YOU KNOW, THE CITY HIRES, HOUSING EXPERTS OF COMMUNITIES, WE'RE NOT GONNA GET BACK FROM THAT.
WHAT WOULD YOU PROPOSE WE WOULD OR WOULD FEEL A LITTLE BIT MORE ACCESSIBLE TO YOU SO THAT ORGANIZATIONS LIKE THAT? YEAH, I THINK THIS ONE'S PRETTY CLEAR RIGHT HERE.
UH, I MEAN, UM, JAMES HASN'T BEEN EMPLOYED BY THE CITY SINCE WHAT, OCTOBER.
UM, SO MY, MY, UM, MY RECOMMENDATION FOR ANYBODY THAT'S APPLYING IS JUST NO CHAPTER 12 A, THE ETHICS THAT WE'RE ALL ACCOUNTABLE.
WE'RE, WE'RE ACCOUNTABLE TO CHAPTER 12 A.
UM, AND CITY STAFF'S ACCOUNTABLE TO CHAPTER 12, A TWO.
AND, UM, SO I'M, I'M JUST ASKING FOR, UM, UH, I'M, I'M JUST ASKING FOR EVERYBODY TO, UH, ACKNOWLEDGE THAT AND, UH, UM, RESPECT.
SO, UM, I GUESS THEN ONE THING THAT WE, WE WANNA THINK ABOUT, JUST LIKE, IS THAT START FROM, YOU KNOW, WHEN AN OFFER IS MADE VERSUS WHEN THEY'VE GONE THROUGH THE ENTIRE PROCESS, THAT BE VERY LENGTHY FOR SOME OF THOSE.
AND THEN I THINK THAT SECOND COMPONENT IS, WOULD THAT YEAR NEEDS TO BE MADE THE POINT AT WHICH THIS GROUP IS VOTING ON IT, OR WOULD THAT YEAR BE BY THE TIME I SEE THE COUNCIL? SO IT'S JUST LOOKING AT THE BACKLOG, YOU KNOW, THERE ARE SOME PROJECTS THAT ARE IN PLACE, UM, FOR A LONG TIME.
SO IT, UH, THE, THE 12 A SAYS 12 MONTHS OF BEGINNING HIS OR HER EMPLOYMENT.
SO IT'D BE ON THE DATE OF EMPLOYMENT AND THEN PARTICIPATE IN A MATTER BENEFITING.
SO I THINK THAT'S AN IMPLICATION.
SO YOU, I I THINK YOU DON'T SUBMIT THE APPLICATION UNTIL THAT 12, THAT 12 MONTHS IS, IS OVER A FOLLOW UP QUESTION AS WELL, UM, TO THE DEVELOPER, UH, LET'S SAY, UH, IF THERE IS AN ISSUE LIKE THIS THAT CAME UP, UH, WHAT TYPE OF TIMELINE ARE YOU ON? AND LET'S SAY IF THIS WERE DEFERRED A MONTH, WOULD YOU HAVE TIME TO GET A LEGAL OPINION? AND SECONDLY, WOULD YOU HAVE TIME TO, UH, GET AN UP OR DOWN FROM UH, UH, THE DISTRICT SIX COUNCIL MEMBER? THOSE ARE, THOSE ARE, IN MY PERSONAL OPINION, THOSE ARE TWO PRETTY BIG QUESTIONS.
GENERALLY SPEAKING, I'D LIKE TO KNOW THAT THE COUNCIL MEMBER IS SUPPORTING A, UH, PROJECT, YOU KNOW, BEFORE WE GIVE IT A GREEN LINE.
I, FOR THIS IS SOMETHING NEXT TO, YOU KNOW, FEE SIGNED
SECONDLY, BUT YEAH, I WILL, I CAN LOOK INTO THAT.
FIND WHOEVER PERSON OR SHE IS, PROVIDE INFORMATION.
UM, YEAH, I'M HAPPY TO GET A LETTER OF SUPPORT IN 30 DAYS.
SO THAT'S NOT BIG BECAUSE ANY PROJECT, UH, APPROVAL OR OTHERWISE, WE, BUT ARE, ARE YOU SAYING THAT'S SOMETHING THE CITY ATTORNEY'S OFFICE COULD NOT, UH, COULD NOT GIVE US? OR WOULD WE NEED TO HAVE A, A COUNCIL REVIEW THE POLICY AND GIVE US A LEGAL OPINION? I WOULD, I WOULD PREFER THE CITY ATTORNEYS SINCE THIS IS A CITY CODE ISSUE.
CAN YOU COME BACK TO ME? LET ME CONFIRM THAT REAL QUICK.
PARDON ME? CAN YOU COME BACK TO ME? I NEED TO CONFIRM THAT REAL QUICK.
WE DO HAVE, UH, DON MC ONLINE FROM THE CITY PART.
BUT UNTIL WE GET THE SUBJECT ISSUE, OKAY.
I DON'T THINK THE DEAL ITSELF MATTERS.
400 UNITS WITH NO, UM, CITY MONEY IN IT AND, YOU KNOW, UH, 40% LEASE PAYMENT, UH, THE SAME WAY.
WHAT I DO WANNA BE CAREFUL OF THOUGH IS,
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IS UNDERSTANDING WHOSE RESPONSIBILITY THE ENFORCEMENT OF THAT ETHICS CLAUSE IS TO BEGIN WITH.BECAUSE I DON'T WANT THE PFCS BOARD TO PUT OURSELVES IN POSITION WHERE WE'RE, WE'RE THE ONES RESPONSIBLE FOR IT ON EVERY DEAL.
LIKE WE, EITHER WE HAVE SOMEONE AT THE CITY BEEN, CAN VOUCHED THAT, THAT SOMEONE ISN'T ON A PROJECT OR NOT, OR WE PUT IT IN OUR JUST INITIAL APPLICATION THAT THEY CAN VALIDATE TO THAT.
BECAUSE I, WE, WE CAN'T MEET THIS, WHERE WE COME TO THIS MEETING EVERY MONTH AND ASK THIS QUESTION.
AND THAT'S ONE OF THE REASONS I BROUGHT IT UP AT THE REAL ESTATE COMMITTEE LEVEL.
SO SOME BETTER ANSWERS ARE, FRANKLY, IT SOUNDS LIKE WE'RE AT AN IMPASSE, UH, THAT WE HAVE A MOTION ON THE FLOOR.
WE GOT ANY FURTHER COMMENTS OR DISCUSSION, I'LL MAKE A MOTION TO DEFER.
MOTION HAS BEEN MADE TO DEFER BY DIRECTOR MONTGOMERY SECOND HAS BEEN MADE.
LET'S MOVE TO A VOTE BY DIRECTOR
UH, DIRECTOR RECOVERY, YOU ALSO MENTIONED YOU HAD SOME, SOME ISSUES WITH THE DEAL ITSELF.
DO WE WANT TO ADDRESS THOSE NOW SO THEY CAN, THEY WORK ON THOSE WHILE DURING DEFERRAL PERIODS WITH THAT? UM, SO THE, THE GIST OF IT IS THERE'S $1.8 MILLION OF HONG FUNDS.
IS THAT RIGHT? DAWN? DONNA, ARE YOU ON? I AM SORRY.
UM, SO IT'S, IT TOTAL OF $1.9 MILLION OFF, UM, ALLOCATED 1.2 IS OF NEIGHBORHOOD STABILIZATION FUNDS, NSP FUNDS AND 600, OR ROUGHLY 600,000 IS HOME INVESTMENTS FUNDS.
UM, SO MR. LEWIS, YOU MENTIONED THAT THAT WAS DESIGNED TO, UM, DELIVER ADDITIONAL AFFORDABILITY.
AND FOR ALL INTENT AND PURPOSES, I SEE THREE UNITS, A ONE BEDROOM, TWO BEDROOM, AND A THREE BEDROOM.
UM, SO THE, THE DIFFERENCE AS YOU KNOW, EFCF LEAST 10% 60 ANYWAY.
SO THE DIFFERENCE BETWEEN 50% AND 60% A MI, THE RENT IS ABOUT $9,800 OVER THE COURSE OF THE YEAR FOR THOSE THREE UNITS.
SO THAT SEEMS A SIGNIFICANTLY LESS IN AFFORDABILITY AGAINST THE 1.9 MILLION IN HARD FUNDS THAT YOU'RE RECEIVING.
UM, SO I, I WOULD EXPECT DEEPER AFFORDABILITY.
UM, WE'VE ONLY DONE ONE, ONE PARTNERSHIP THAT HAD CITY FUNDS.
THE, THE REST ARE A COMPLETELY PRIVATE, YOU GET THE ABATEMENT AND THEN YOU DEVELOP ON YOUR OWN, YOUR OWN CAPITAL.
UM, PERSONAL GUARANTEES ACROSS THE BOARD FOR THE DEVELOPER, UM, THE WHOLE NINE YARDS.
SO, UM, YOU KNOW, TO HAVE 2 MILLION, ALMOST $2 MILLION IN FUNDS, I, I, I JUST EXPECTED FOR AFFORDABILITY, BECAUSE I KNOW THAT'S ONE THING THAT'S IMPORTANT TO STAFF.
UM, AND THAT'S REFLECTED IN THE PROGRAM STATEMENTS.
UM, AND, UH, I, I DON'T SEE IT.
I KNOW WE HAVE, WE HAVE A MOTION ON THE FLOOR, UM, BUT MAY I ASK AND SEE IF, UH, WE MAKER THE MOTION WE'LL ACCEPT A FRIENDLY AMENDMENT TO FLESH IT OUT A LITTLE BIT MORE.
UM, CAN WE, CAN YOU ADD, WOULD YOU BE WILLING TO ADD SOMETHING IN THAT MOTION THAT WE HAVE AN OFFICIAL OPINION REQUEST? AN OFFICIAL OPINION FROM THE CITY ATTORNEY'S OFFICE? AND SO FAR AS THE RESPONSIBILITY, UM, FOR THE, YEAH, SO IF YOU CAN WORD THAT, IF YOU, IF YOU AGREE WITH ME, IF YEAH.
AND THEN IF THE SECONDER WOULD AGREE WITH THAT.
UM, SO FROM THE, FROM THE, THE ETHICS QUESTION THAT'S, THAT'S RAISED, OBVIOUSLY, IF THIS WERE OCTOBER, THIS IS NOT A QUESTION, RIGHT, BECAUSE IT WOULD BE A YEAR 12 A WOULD BE SATISFIED, AND THERE, THERE WOULD BE NO ISSUE.
UM, WOULD, IF YOU, IF YOU ENDED UP HAVING TO WAIT UNTIL THAT YEAR PASSED, LIKE WHAT DOES THAT DO TO THE PROJECT? ARE YOU ABLE TO, YOU KNOW WHAT I MEAN? LIKE WHAT DOES THAT DOING ON Y'ALL AT, FROM A PERMIT PERMITTING STANDPOINT, WE'RE ALMOST THROUGH PERMITING.
I JUST KIND OF, UH, WAITING THIS EASEMENT APPROVED.
UM, AGAIN, THIS PROJECT HAS BEEN A COUPLE YEARS, UH, IN MOTION THANKS TO, WITH THE CITY AND CITIES, WHICH ARE PERCENT INTEREST.
SO IT'S NOT FREE MONEY PER SE, SO WE HAVE TO PAY IT BACK.
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UM, THIRDLY, UM, YOU KNOW, WE HAVE, YOU KNOW, FROM A PIPELINE STANDPOINT, IT'LL KIND OF PUT US AT A MAXIMUM CAPACITY.WE DON'T MOVE YET, UH, FROM A TEAM, UH, INTERNAL TEAM WISE, BUT ALSO CAPACITY THAT WE BROUGHT CONSULT THAT CAN HELP US GET THE JOB ON MATTER.
IT'S, IF WE WERE TO SEND OCTOBER, IT WOULD IMPACT THE ORGANIZATION.
UM, THAT'S WHY I'M HOPING TO WORKING WHERE WE NEED TO DO TO GET A LEGAL EYES FOR COUNSEL TO APPEASE THE BOARD.
WE BROUGHT ON, UH, ADDITIONAL HELP TO MAKE SURE THAT THE PORTABILITY NEEDS AS CLOSE AS POSSIBLE, SO WHERE THE PROJECT CAN BE SUCCESSFUL.
SO, YOU KNOW, WE ARE HERE TO MEET THE BOARD WHERE WE VACCINATE THE PROJECT, BUT EXTENDED IT TO OCTOBER, YOU KNOW, IF IT CAME TO THAT, THEN WE'LL BE OPEN TO IT
I, I, I LIKE BOH HAS A GREAT REPUTATION IN THE CITY, YOU KNOW, UH, TRUTH.
SO IT'S NOT A MATTER OF, YOU KNOW, BELIEVING THAT ANYTHING UNTOWARDS BE DONE.
IT'S, IT'S A MATTER OF THE WAY THINGS CAN LOOK AND IT OPEN, CAN OPEN UP THE PFCI THINK TO SCRUTINY, YOU KNOW? UM, SO YEAH, I DO HOPE WE, YOU KNOW, WE CAN FIGURE OUT A WAY TO, TO IS DONE NOT THEN I THINK THE OCTOBER SATISFIES THAT, YOU KNOW, COMPLETE YOUR COMMENTS.
CAN I ASK ALL ONE QUICK QUESTION ONLINE? UH, HANG ON.
MY QUESTION WOULD BE PIG BACKING THERE, WE DIRECTORSHIP FOR THE MOTION, MR. VICE CHAIR, DO WE WANT TO CONSIDER SOME TYPE OF A TIME PERIOD IN GETTING RESPONSES BACK FROM THE CITY? AND ALSO THAT WOULD BE A LETTER OF SUPPORT ON YOUR PART.
IN OTHER WORDS, INSTEAD OF SAYING WE EXPECT THAT NEXT MONTH, UH, COULD BE INSPECTED IN 60 DAYS, SO TO SPEAK, THAT GIVES EVERYBODY TIME AND HOPEFULLY THAT DOESN'T AFFECT YOUR FINANCING AND YOUR FORECASTING THERE.
UH, IS THAT, UH, REASONABLE TO BE CONSIDERED TO HAVE THAT STATEMENT FROM CITY? YEAH, I THINK WITHIN 60 DAYS AND ALSO, UH, TO ACCOMPLISH GETTING THAT LETTER OF SUPPORT FROM THE COUNSELING.
SO YEAH, I, I THINK THAT IN ADDITION TO AN ADVISORY OPINION, UM, THAT THIS IS NOT IN VIOLATION OF THIS, YEAH, THAT WOULD BE FROM THE YEAH, THEY COULD, I THINK THOSE TWO THINGS, UH, AS A AMENDED TO THE MOTION.
SO, UM, I, I GUESS IT WOULD BE A DEFERRAL AND DO OF LETTER SUPPORT, UM, UM, LETTER SUPPORT FROM THE COUNCIL MEMBER.
SO THEN, AND THEN, AND THEN AN ADVISORY OPINION THAT THIS IS NOT IN VIOLATION OF SECTION 12, A DASH 14, UH, SMALL, A SPECIAL RULES NUMBER THREE.
I WAS A KID LONG BEFORE YOU CAME HOME, BUT, UH, UH, YOU'RE CORRECT.
THERE USED TO BE MOST SEGREGATED PARTS.
THOSE WERE PROJECTS AT THAT TIME.
BUT BEING THIS IS NEW, UH, ALL THE CONSTRUCTION THAT'S GONE ON OF WHAT NEIGHBORHOODS PER SE ARE THERE, I MEAN, I KNOW THAT THERE ARE OTHER APARTMENTS AND THINGS THAT HAVE BEEN BUILT OVER THE YEARS, BUT I'M JUST SAYING, WHAT IS YOUR RADIUS? WHAT IS WITHIN THAT RADIUS OR AS, UH, NEIGHBORHOODS? BECAUSE YOU CAN GO FURTHER DOWN TOWARD DOWNTOWN OR SINGLETON.
YOU HAVE NEIGHBORHOODS, YOU HAVE SINGLE FAMILY HOMES, BUT AROUND THAT PARTICULAR AREA, UNLESS YOU CROSS OVER, UH, WESTMORELAND, UH, WITHIN THAT AREA, YOU MAINLY HAVE S SO THOSE NEIGHBORHOODS, ARE THERE ANY ASSOCIATIONS? NOT ANY HOAS.
SO, UH, YEAH, TO ANSWER YOUR QUESTION, THANK YOU FOR THAT COMMENT.
[00:40:01]
OBVIOUSLY WITHIN THE FACILITY, IT'S NOT SINGLE ONE THAT WE HELD TOGETHER ON SITE.UM, SO THAT'S WHY THOSE FOLKS HAS SIDE
AND THEY HAVE MEETINGS WHERE WE PARTICIPATE AND SERVE ALONG THE RESIDENCE THERE.
SO THEY'LL USE THAT KIND OF AS OUR BASIS TO CAMPUS.
SO YOU WOULD BRING BACK IN TO US, TO THE CITY, UH, TO US.
UM, WHAT SOME SIGNED DOCUMENTS CORRECT.
SHOWING SUPPORT, YOUR PARTICULAR DEVELOPMENT, JUST TRYING TO GET SOME UNDERSTANDING TO MAKE SURE WHATEVER WE GET, NOT ONE PAGE SAYS I LIKE IT, BUT, UH, SHOWING THE NUMBERS.
SO SIGNATURE FROM PEOPLE WITHIN THE COMMUNITY, CORRECT? YEAH.
UH, THAT ORGANIZATION ALONG WEST DALLAS HAS A VERY STRONG SUIT, UH, WITH THE CITY WEST DALLAS, UH, HAVING HAD SUPPORT TO CHECK ON BOXES.
YES, SAM? HEY DON, DO WE STILL HAVE YOU ONLINE? YES, I'M HERE.
I HAD A QUESTION, UM, JUST SO EVERYONE CAN NOW, AND, UH, IS THERE ANY TIMELINES WITH THESE FUNDS THAT YOU GUYS HAVE ISSUED? EITHER OR EITHER SET OF 'EM, I KNOW THE TWO DIFFERENT DROPS, AND IF SO, IS THERE PENALTIES? UH, BASED UPON THOSE TIMELINES NOT BEING MET? UM, WE HAVE CONTRACT TIMELINES.
SO WE JUST GOT AN EXTENSION JANUARY 6TH FOR THIS, UH, CONTRACT.
UM, WE EXECUTED IN DECEMBER OF 2023, SO WE GOT AN EXTENSION THIS YEAR.
UM, THERE ARE ANNUAL TIMELINESS, UH, REQUIREMENTS FOR HOME FUNDS.
WE ENCUMBERED THE FUNDS IN 2024, AND I'M TRYING TO SEE, THEY CHANGED, UM, WHICH HOME PROGRAM THEY CHANGED IT TO, UH, HOME 22, WHICH WILL, UH, TOWARDS THE END OF THIS FISCAL YEAR BE COMING UP ON, UM, THE TIMELINESS REQUIREMENT.
SO BY THE, UH, SEPTEMBER 30TH, SPENDING SEPTEMBER.
AND THAT, AND THAT'S FOR THIS, THE PHASE ONE I KNOW, UM, MR. LEWIS WAS SHOWING BOTH PHASES FOR THE 36 AND THE HUNDRED UNITS.
UH, CITY FUNDING IS FOR THE FIRST PHASE.
SO AT LEAST ONE OF THEM HAS A SEPTEMBER DEADLINE.
SEPTEMBER OF THIS YEAR? THIS CORRECT? SEPTEMBER 26TH.
DO WE HAVE ANY MORE QUESTIONS OR COMMENTS BEFORE I ASK THE, UH, VICE CHAIR TO RESTATE THE MOTION? GOT ONE QUESTION.
THE TIMELINE IN WHICH TO COME BACK SUPPORT AND FURTHER FOLLOW UP WITH THE OTHER COUNCIL.
I JUST WANT UNDERSTAND THE TIMELINE, IF THAT'S GONNA BE CLEAR WITH THE MOTION TO MOVE.
I'M, I'M JUST GONNA DEFER AND MOVE THOSE ITEMS, SO IF YOU GET LOCKED OUT AND COME BACK IN 30 DAYS.
SO, UH, RESTATING THE, THE MOTION FRIENDLY AMENDMENTS, UH, UM, MOTION TO DEFER THIS ITEM IN LIEU OF THREE SPECIFIC ITEMS, A LETTER, A NEIGHBORHOOD LETTER OF SUPPORT, A LETTER OF SUPPORT FROM THE COUNCIL MEMBER, AND AN ADVISORY OPINION SPECIFIC TO A LEGAL ADVISORY OPINION SPECIFIC TO SECTION 12 A DASH 14 SMALL A UNDER SPECIAL RULES NUMBER THREE, BENEFITS DEGREES, THAT THIS IS NOT IN VIOLATION OF WHAT THAT SAYS.
AND THAT LETTER ABOUT FROM, UM, I THINK IT WOULD COME FROM THE CITY ATTORNEY ON BEHALF OF MR. ARMSTRONG.
UH, BASED ON THE, THE, UM, YEAH, YEAH, THAT'S WHERE IT WOULD COME FROM ON A, UM,
SO I'M ASSUMING THE CITY POLICE WILL ALSO RECEIVE THAT.
UM, SO I WAS LOOKING INTO THIS AT MY COMPUTER AND, UM, SO WE HAVE NOT BEEN ASKED, SORRY.
UM, MY OFFICE WASN'T ASKED TO PROVIDE AN ADVISORY OPINION ON THIS.
[00:45:01]
DID LOOK INTO WHAT THE REQUIREMENTS WERE.WE WERE ASKED WHAT THE REQUIREMENTS KIND OF WERE, UM, TO, TO DOCUMENT AND RECORD, UM, ANY SITUATIONS TO, TO PREVENT A CONFLICT BASICALLY.
SO WE ADVISED ON THAT AND I BELIEVE IT'S, THERE'S LIKE A FORM TO BE FILLED OUT IF THERE'S A POTENTIAL CONFLICT.
HOWEVER, FOR THE ADVISORY OPINION, I THINK THAT'S SOMETHING THE IG COULD, UM, THANK YOU THAT, THAT'S HELPFUL.
THEY DO HAVE A LINK ON THEIR WEBSITE TO THE REQUEST OF ADVISORY OPINION.
UM, IT JUST BRINGS UP AN EMAIL ADDRESS.
SO I WOULD TRY SUBMITTING THAT AND SEE IF, YOU KNOW, THEY'LL ANSWER THAT.
IF NOT, UM, THEN WE CAN TRY TO FIGURE SOMETHING ELSE OUT.
IT'S THE, THE IG INSPECTOR GENERAL.
SO, UH, A, AN ADVISORY OPINION FROM THE INSPECTOR GENERAL FOR THE CITY OF DALLAS ON SECTION 1214.
AND THEN THE, UH, NEIGHBORHOOD LETTER SUPPORT AND THE, UH, COUNCIL MEMBER LETTER, COUNCIL MEMBER LETTER OF SUPPORT AND, UH, MR. UH, DIRECTOR BLANKENSHIP.
ANY OTHER FURTHER? MAY, MAY I, I'M SORRY, MAY I MAKE ONE, UH, SORRY.
UM, JUST FOR A HISTORICAL CONTEXT, I JUST WANTED TO REITERATE FOR OUR DEPARTMENT, UM, THIS RESOLUTION WAS APPROVED FOR THE, FOR THE PROJECT.
UM, PHASE ONE WAS APPROVED IN JUNE OF 2022.
THEIR CONTRACT WAS EXECUTED DECEMBER 22ND, 2023.
AND WE HAVE BEEN WORKING WITH THE BUILDERS OF HOPE SINCE THEN, WHICH ALL EVERYTHING FINALIZED CITY FUNDING WISE WAS PRIOR TO, UM, OUR NEW DEPUTY DIRECTOR JAMES ARMSTRONG COMING ON BOARD IN OCTOBER OF 2025.
UM, JUST SO TO PROVIDE THAT HISTORY, UM, AS FAR AS THE TIMELINE.
YEAH, THANK YOU, DONNA, THAT, THAT MAY BE RELEVANT TO THE IG WHEN THEY, UH, WHEN THEY START LOOKING AT THIS OPINION.
ANY OTHER FURTHER COMMENTS ON A SECOND? YES.
SO AS FAR AS THE REQUIREMENTS AROUND, UH, COUNCIL SUPPORT SUPPORT, IS THAT SOMETHING THAT WE'RE DOING ON FORWARD BASIS? I DON'T, I MIGHT HAVE MISSED SOMETHING.
I JUST WANNA MAKE SURE THAT IT'S, IT'S NORMALLY SOMETHING THAT, UH, I WOULD SAY ALMOST EVERY PROJECT HAS HAD.
WE HAVEN'T FORMALIZED IT LIKE WE DID JUST NOW.
UM, BUT YEAH, THEY, UM, HAD CUT WAS WORKING ON ONE THAT GOT LETTER OF SUPPORT, UH, BUT THEY BROUGHT WITH APPLICATION RECENTLY.
THIS IS JUST A MITIGATING PITFALL THAT MAY HAPPEN IN COUNCIL.
I I THINK WE'RE TRYING TO LEARN FROM OUR MISTAKES.
I THINK WE HAVE ONE THAT IT'S A VERY CONTENTIOUS ITEM THAT WE WORK ON FOR NOW.
I DON'T KNOW, LAST JUNE AND NOW IT'S GOING BACK TO COUNCIL TOMORROW FOR THE FOURTH TIME, I THINK.
AND, UH, THEY'RE STILL DEBATING SOME OF THESE THINGS.
SO IT'S LIKE THAT WE CAN JUST GET SOME OF THESE UP FRONT THAT WILL MAKE A WHOLE LOT MORE SMOOTH.
I BE BOTH FOR COUNCIL MEMBERS AND FOR, FOR YOU GUYS TO THE ABSOLUTELY.
THESE ARE ALL QUESTIONS THAT'LL COME UP COUNCIL.
AND I'M SURE THE COUNCIL MEMBERS WILL, WOULD APPRECIATE THAT WE HAVE THESE, UH, QUESTIONS ANSWERED BEFORE IT GETS TO THEM.
AND IT'S ALSO, THAT'S ALSO GOOD FOR THE DEVELOPMENT TOO.
EITHER WAY, YOU KNOW, HERE OR DELAY COUNCIL.
IT'S MORE EXPENSIVE IF PEOPLE LAY COUNCIL HERE MUCH CHEAPER.
I I JUST WANNA MAKE SURE IT WAS CLEAR ON, ON THAT.
I DON'T WANNA BE ABLE TO, TO GET BOTTLENECK AT THE LAST MINUTE.
AND IT'S VERY UNFORTUNATE AT THAT, AT THAT TIME AND DOING EVERYTHING THAT WE CAN DO NOW, LIKE GIVING FEEDBACK THAT THEY CAN TAKE BACK TO THE TABLE AND MAKE SURE THEY COME BACK.
THAT WE'RE NOT GOING BACK AND FORTH AGAIN.
UH, ANY OTHER COMMENTS FROM HERE OR ONLINE? I SEE DIRECTOR, UH, MARSHALL'S CAMERA ON, BUT I DON'T BELIEVE HE'S STILL ONLINE.
IN MONTGOMERY, MARK HOLMES PER KEVIN WINTERS, LAUREL STONE OH.
[00:50:01]
CALL, APPROVE THE SEAT.UM, MOTION TO DEFER HAS BEEN APPROVED.
UH, THANK YOU VERY MUCH AND, UH, LOOK FORWARD TO SEEING YOU AGAIN.
MOVING ON TO ITEM NUMBER EIGHT, EXECUTIVE SESSION.
PURSUANT TO TEXAS GOVERNMENT CODE 5 5 1 0.074 PERSONNEL MATTERS TO DELIBERATE A DISCRETIONARY ANNUAL BONUS FOR CALENDAR YEAR 2025.
WE WILL NOW MOVE INTO EXECUTIVE SESSION.
SO ONLINE, UM, WE'LL GO OFF AND, UH, DIRECTOR MARSHALL BELIEVE YOU SHOULD HAVE A LINK TO SIGN BACK ON I THE OTHER.
THE DALLAS PUBLIC FACILITIES CORPORATION HAS COMPLETED ITS CLOSED SESSION UNDER SECTION 5 5 1 0.074 OF THE TEXAS OPEN MEETINGS ACT.
AND AT 1:55 PM ON FEBRUARY 24TH, 2020 SECOND, WE HAVE RETURNED TO OPEN SESSION.
WE WILL NOW MOVE TO ITEM NUMBER NINE.
THE DPFC BOARD MAY RECONVENE AN OPEN SESSION AND ACT ON ANY ITEM LISTED ON THE EXECUTIVE SESSION AGENDA IN ACCORDANCE WITH CHAPTER 5 5 1 TEXAS GOVERNMENT CODE.
GIVEN THIS, UH, DO WE HAVE A, UH, MOTION FROM THE FLOOR? I'LL MAKE A MOTION.
SO, UH, DR. MONTGOMERY, I MAKE A MOTION TO APPROVE, TO APPROVE A ONE TIME DISCRETIONARY BONUS BASED ON CURRENT BASE SALARY OF 15%, UH, TO THE GENERAL MANAGER.
THE PUBLIC SELF PRIVILEGE MOTION HAS BEEN MADE BY DIRECTOR MONTGOMERY, SECONDED BY HOLMES, SECONDED BY DIRECTOR HOLMES.
DO YOU HAVE ANY DISCUSSION SAYING NONE? SAM, CAN YOU MOVE TO A ROLL CALL VOTE PLEASE.
UH, PLEASE LET THE RECORD REFLECT THAT I, NUMBER NINE HAS BEEN APPROVED VOTE OF, UH, 11 MOVING
SO, UM, AARON, THAT, YOU KNOW, IN, UH, IN OUR WORLD, BONUS TIME IS KIND OF WHERE YOU GET TO.
IT'S LIKE BASEBALL ARM OPERATION, ALL GOOD STUFF, BAD STUFF, AND EVERYTHING IN BETWEEN.
UM, THAT'S A LITTLE UNFORTUNATE, I THINK.
UM, I, AND WE REALLY APPRECIATE WHAT YOU DID THIS YEAR.
UM, IF THIS WAS NOT EASY AND, UH, WE'VE MADE SOME SUBSTANTIVE PROGRESS, I THINK OUR INFRASTRUCTURE IS SIGNIFICANTLY BETTER, UM, AT THIS POINT THAT APPLIES THIS TIME LAST YEAR.
UM, SO, UH, YEAH, THIS, THIS IS BONUS TIME AND IT, IT, UH, UM, BUT IT'S ALSO A REFLECTION, I THINK OF OUR APPRECIATION OF YOU.
AND, UH, SO THANK I'M NOT WORKING.
WE GUYS ARE NOT GETTING PAID, SO THANKS IT ALL.
THE MORE ARE SPECIAL THAT YOU GUYS WON'T DO THIS, SPEND MORE TIME.
THEY REALLY DO A GOOD JOB, ESPECIALLY THIS LAST COUPLE MONTHS, YOU KNOW.
BUT, UH, WISH ANYONE ELSE WE WORK WITH APPRECIATE ALL.
MOVING ON TO ITEM NUMBER 10, DISCUSS AND POTENTIALLY AUTHORIZE APPROVAL OR REJECTION OF A PROPOSAL RECEIVED IN RESPONSE TO THE D PC'S REQUEST FOR PROPOSALS FOR SERVICES RELATED TO STATE AND LOCAL REGULATORY COMPLIANCE.
[00:55:07]
LET'S SEE.I BELIEVE I'LL REFER THIS TO OUR, UH, FRED HOLMES.
UH, FROM LAST MONTH'S MEETING, UH, THIS AGENDA WA ITEM WAS UP THAT WE VOTED TO DEFER SO THAT THE FINANCE COMMITTEE COULD CIRCLE BACK UP AND, AND GO BACK OVER THE, UH, PROPOSALS.
UH, WE APPRECIATE ALL THE PUBLIC INPUT THAT RECEIVED AT THE, UH, AT THE LAST MEETING AS WELL.
UH, I THINK WITHIN THE FINANCE COMMITTEE MEETING, UH, OBVIOUSLY WHAT WE TALKED ABOUT IN TERMS OF THESE PROPOSALS, UH, WAS RISK MITIGATION AND, UM, MAKE SURE THAT WE PLAN AS AN ORGANIZATION.
UH, IN TERMS OF THE PROPOSALS THAT WE PROCEED, UH, WE HAD GREAT DEBATE.
MY THANKS TO, UH, TO, UH, DIRECTOR COUNCIL ON, UH, STEPPING OUT WHEN I HAD STEP AWAY TO CONTINUE TO DISCUSSION AT THIS POINT, THE FINANCE COMMITTEE, UH, WOULD RECOMMEND THAT THE BOARD CONSIDER A MOTION TO ALLOW, UH, THE STAFF TO, UH, BASICALLY START INTO NEGOTIATIONS ON FINAL TERM SHEETS WITH OSANO FOR INCOME COMPLIANCE MONITORING AND NPS ON THE CONSTRUCTION COMPLIANCE MONITOR.
UH, WHAT PART OF THE AGENDA, WHAT IS TO AUTHORIZE APPROVAL OR REJECTION? UH, DO WE HAVE ANY DISCUSSION ON THIS ITEM? NUMBER 10, I'LL OFFER SOME ADDITIONAL COMMENTS.
UM, MR. PRESENT, OBVIOUSLY I THINK WITHIN THE FINANCE COMMITTEE FOR THE BOARD, WE HEARD THAT THE, UH, THE CODE COMPLIANCE WAS CERTAINLY A PARTICULAR AREA OF CONCERN.
MAKING SURE THAT, YOU KNOW, OUR PUBLIC FACING THAT IN TERMS OF PUBLIC FACING, UH, THAT WE SHOW THE CITY AND ALL ITS STAKEHOLDERS, THAT WE ARE PUTTING AN EMPHASIS AROUND, UH, SAFETY AND CODE COMPLIANCE AROUND OUR PROJECTS.
AND, UH, CERTAINLY WITH REGARDS TO THE INCOME COMPLIANCE MONITORING, UH, YOU KNOW, WE WANNA MAKE SURE THAT, UH, WE ARE COMPLIANT AND THAT OUR PROJECTS ARE ABLE TO OFFER THE BENEFITS NOT ONLY FOR OUR DEVELOPMENT COMMUNITY, BUT FOR OUR, OUR CITY STAKEHOLDERS AND OUR RESIDENTS AS WELL.
DO WE HAVE A DISCUSSION ON THIS ITEM? I'LL ADD A COMMENT, SIR.
UM, 'CAUSE THESE ARE TWO AREAS WHERE WE'RE GONNA INITIALLY DECIDE, YOU KNOW, THESE TERMS THAT WE'RE GONNA PAY THESE, UH, THIRD PARTY VENDORS, BUT ULTIMATELY THIS IS SOMETHING THAT, YOU KNOW, OUR DEVELOPMENT PARTNERS ARE AT LEAST GONNA CONTRIBUTE AT SOME POINT, UM, AND AT WHAT PERCENTAGES WE'LL SEE.
UH, BUT, UM, SINCE THESE AREN'T THINGS THAT ARE CURRENTLY REQUIRED THROUGH OUR AGREEMENTS, UM, MAYBE IT IS GOOD THAT WE'RE TAKING THE FIRST STEP OURSELVES.
UH, BUT THEN I THINK WE'LL BE DENIED TO YOU.
I OBVIOUSLY SOME SUMMERS, BUT THESE COSTS, SO WARNING TO SUMMER THEN AND NOTHING ELSE THAT, UH, THIS IS THE CONCEPT THAT, UH, ISN'T MEANT TO BE A PROMISE THAT WE'RE GOING TO BE DOING THIS FOREVER, UH, ON, STRICTLY ON OUR
SO THE TWO PROPOSALS THAT WE RECEIVED, CAN YOU WANNA RESTATE THOSE PLEASE? THE TWO PROPOSALS? YES.
SO THE, UH, RECOMMENDATION OF THE FINANCE COMMITTEE IS THAT WITHIN THE INCOME COMPLIANCE MONITORING THAT CITY STAFF, UH, PARDON ME, LEMME REPHRASE.
PSC STAFF, MY BAD, MY APOLOGIES.
UH, PROCEED WITH NEGOTIATIONS WITH SANO IN TERMS OF INCOME COMPLIANCE MONITORING.
AND THEN AS TO THE CONSTRUCTION AND CODE COMPLIANCE MONITORING THAT PSC STAFF ENTER INTO NEGOTIATIONS FOR TERM SHEETS WITH NPS AND FOR CLARIFICATION FOR THE BOARD, THESE ARE, BOTH OF THESE ARE TERM SHEETS THAT, UH, AND DISCUSSIONS THAT WILL COME BACK TO THE BOARD BOARD APPROVAL? YES, THESE, THESE WILL BE, UH, BASICALLY FIGURING OUT WHAT THE FINAL CONTRACT WOULD NEED TO LOOK LIKE.
UH, AND THIS BOARD WILL THEN AUTHORIZE THE EXECUTION OF THOSE DOCUMENTS.
ANY HAVE ANY FURTHER DISCUSSION? CAN WE MOVE TO ROLL CALL? VOTE PLEASE.
FOR ITEM NUMBER 10 TO, UH, APPROVE THESE TWO ITEMS. SCOTT HANSEL.
PRIME BLANKENSHIP, UH, CHRISTIAN MARQUE.
JASON BROWN HAD STEP AWAY, UH, IN MONTGOMERY APPROVE MARK HOLMES APPROVE APPROVED
[01:00:01]
THANK YOU.LET REFLECT THAT, UH, HAS BEEN APPROVED, ATTENDED.
MOVING ON TO ITEM NUMBER 11, DISCUSSION REGARDING UPDATES TO THE DALLAS HOUSE RESOURCE CATALOG AS PRESENTED TO THE HHS COMMITTEE ON 10 21 25.
WELL, UM, UH, AARON, IF YOU'D LIKE TO
UM, OBVIOUSLY COUNCIL TOOK AN INTEREST OUT OF THE SEVEN COMMITTEE MEMBERS AND THAT COMMITTEE 11 SHOWED UP.
SO
YEAH, TOMORROW IT IS ON CONSENT AGENDA, BUT IT'S BEEN INDICATED THREE BY SEVERAL COUNCIL MANAGER THAT, HEY, MAYBE WE OUGHT TO JUST THROW THIS, AGREED ON THINGS.
I THINK THE TWO THINGS THAT WE'RE REALLY FIGHTING BACK AGAINST HERE ARE THE BOARD MEMBER AND THE GEOGRAPHIC RESTRICTIONS ON OUR, SO, UH, I'VE HEARD FROM YOU ALL FROM THE DEVELOPMENT COMMUNITY AND, AND THOSE IN OUR INDUSTRY, THE GEOGRAPHIC CONSTRICTIVE PROJECTS THAT ARE SUBMITTED TO US.
AND HONESTLY, THAT'S ANTITHETICAL TO THE MISSION OF WHAT WE'RE DOING, RIGHT? WE'RE TRYING TO GET AS MANY PROJECTS AS POSSIBLE.
THE CITY HAS A, A VIEWPOINT OF MITIGATING RISK AGAINST CERTAIN FACTORS LIKE CONCENTRATION OF POVERTY OR THINGS, UH, WHICH I THINK WE DISAGREE WITH ON, ON THE METHODOLOGY, WHY THEY'RE COMING TO THAT CONCLUSION.
BUT, YOU KNOW, I UNDERSTAND WHY THEY HAVE, UH, WHAT'S THE NEXT STEPS? I'M NOT REALLY SURE BECAUSE IT'S SEEMS LIKE WE, IT'S MORE ON SOME OF THE COUNCIL MEMBERS AND NOT CONTINUING HELPING WITH THEM.
THEM, UH, WE'RE GONNA KEEP COMING OUT WITH SOME MORE MATERIALS TO, TO TRY TO SPEED 'EM UP ON THAT PROCESS, CATCH UP.
I THINK WE'VE MADE A LOT OF PROGRESS.
WE HAVE SOME VERY GOOD MATERIALS THANKS TO SAM AND SOPHIA AND JACK AND HC PUTTING THOSE TOGETHER.
UM, BUT I THINK WE CONTINUE TO WORK THROUGH VITAL GOING.
I THINK THE MORE TRUST THAT YOU CAN FOSTER WITH YOUR COUNCIL APPOINTS, UH, THE MORE CREDIBILITY YOU'LL HAVE IN FRONT OF THE COUNCIL.
I DON'T ANYONE WANTS THE MEETING.
I'D LIKE TO ADD, JUST ADD A THANK YOU TO THE MEMBERS THAT, UH, WHO I REACHED OUT TO OVER THE WEEKEND.
AND, UH, THANK YOU VERY MUCH TO, UH, VICE PRESIDENT MONTGOMERY FOR ASSISTING ME WHILE I WAS OUT, UH, FAMILY EMERGENCY ON FRIDAY.
UM, AND WE HAD SEVERAL RESPONSES TO THE NEXT EMAIL THAT I SENT OUT OVER THE WEEKEND, AND I APPRECIATE THE COUNCIL MEMBERS AND THE STAFF TO ME POSITION.
I'D LIKE TO, UM, I DON'T KNOW, DO WE HAVE ANY, UH, ANY OTHER HOUSING STAFF HERE DATE NOW ONLINE GOT LUCY, BUT I DON'T THINK I WAS GONNA SUGGEST THAT, UM, AS A SHOW OF GOOD FAITH AND EVERYTHING AT THE NEXT MEETING THAT WE MIGHT HAVE A FOR, UM, ASSISTANT, UM, DIRECTOR, UH, ERICKSON SO HE CAN SIT UP HERE WITH US SO HE KNOW SO THAT THEY, THE STAFF IS, KNOW, KNOWS THEY'RE WELCOME TO SIT AND KNOWS THEY'RE WELCOME TO OUR MEETINGS AS THEY ALWAYS HAVE BEEN.
YOU KNOW, WE'VE NEVER BEEN VERY OPEN HERE TO EVERYBODY.
UM, NOT ONLY CAN YOU WATCH ONLINE, BUT CITY STAFF, YOU KNOW, EVEN WITHOUT AN EX OFFICIAL BOARD SEAT, ARE WELCOME TO ATTEND ANY OF OUR MEETINGS.
PERHAPS, UH, IF WE CAN GO THE EXTRA STEP AND LET THEM KNOW THEY'RE WELCOME TO COME AND SIT WITH US.
AND, UH, JUST AS A COURTESY, I THINK, UH, THAT'S SOMETHING THAT ANY, ANY BOARD CAN OFFER THAT YOU COME AND SIT ON OUR LITTLE HORSESHOE AND THAT YOU ARE WELCOME AND THAT YOUR OPINIONS ARE VALUED.
[01:05:02]
JUST SOMETHING THAT, UH, I WANTED TO OFFER IN THAT REGARD.OH, OH, I WAS, I WAS JUST GONNA SAY, UM, THAT TIMES SINCE THEY CAME OUT AND NOWHERE IN THE CITY PROPOSED POLICIES, DOES IT OUTLINE THAT THE CITY, UH, HOUSING DEPARTMENT REVIEW WILL NOT BE A TOPIC POINT.
SO I, I WOULD, I WOULD SAY THAT THAT'S PROBABLY ANOTHER LANGUAGE INTO MAJOR ONE, UH, LEAVING, UH, UH, WHICH WILL BE TIME CONSUMING KNOWING THE HOUSING DEPARTMENT'S CURRENT, UH, RESTRAINTS BASED UPON STAFFING AND, UH, THAT THAT'S SOMETHING THAT PROBABLY NEEDS TO BE FLESHED OUT AS WELL.
I, I, UM, I THINK, AND I HAVE HAD THIS OPINION FOR A LONG TIME BEFORE I STARTED SERVING ON HERE, AND THAT IS, WE HAVE TO GET AWAY FROM THE MODEL OF EVERYTHING THAT GOES OUT IS HFC SLASH PFC FOR DIFFERENT PROGRAMS. THEY HAVE DIFFERENT QUALIFICATIONS, DIFFERENT, UM, YOU KNOW, THAT, SO THE ANGLE I'M SAYING YOU HAVE AN EMPLOYEE THAT'S THE SAME, BUT I THINK, UM, YOU KNOW, COUNCIL MEMBER BLAIR DOES A REALLY GOOD JOB OF ILLUSTRATING THAT.
UM, YOU, IT'S TOO EASY TO COMPLETE THE TWO, AND YOU, I DON'T BELIEVE YOU COULD EVER FULLY UNDERSTAND THE PROGRAMS IF YOU DON'T.
AND SO, WHILE I UNDERSTAND THIS, IT CREATES THE PRESENTATION THAT'S PUT UP THERE THAT, YOU KNOW, EVERY SINGLE TIME THEY PUT ONE OUT, WE SHOULD SEPARATE IT AND CREATE OUR OWN THAT GOES, AND THAT WE DISTRIBUTE AMONGST THERE.
BECAUSE FOR EXAMPLE, THE, THE MAP, UM, WITH THE GOLDEN AREAS AND THE, THEN THERE'S THE WHITE AREAS THAT ARE LEFT AND WHERE ARE THE DIFFERENT PROJECTS WITHOUT THE, THE, THE NUANCE BEHIND THE FACT THAT THE TWO DIFFERENT PROGRAMS ARE LOOKING AT THE TWO AREAS DIFFERENTLY.
THAT DOESN'T EVEN GET SAID RIGHT.
BECAUSE THERE, YOU KNOW, THEY REFER TO IT AS THOUGH IT'S THE SAME MAP.
THERE'S TWO MAPS THAT JUST OVERLAY EVEN DIFFERENTLY.
AND SO JUST, I THINK WE SHOULD SET A PRIORITY AND WE SHOULD, WE SHOULD FOCUS AND FORCE THAT EVERY, EVERY TIME AND TO DO THAT SOONER RATHER THAN LATER.
I AGREE, BECAUSE I ALSO MADE THAT STATEMENT EARLIER IS THAT NOW WE SEEM TO BE BONDED, UH, TOGETHER, TIED TOGETHER.
WE HAVE NOTHING TO DO WITH THE OTHER SIDE.
AND I DO MY BEST NOT EVEN TO TRY AND GET INTO THEIR BUSINESS AND UNDERSTAND EVERYTHING THAT THEY'VE DONE, EVEN THOUGH I KNOW THEY'VE BEEN THERE LONGER THAN US, UH, STILL, YOU KNOW, KEEP THEM DOWN THAT SLASH UH, WHETHER WE ARE FIRST OR THEIR FIRST.
UH, AND I THINK THAT THAT MUDDIES THE, UH, WATERS, IF YOU WILL, AND THE ISSUES.
AND I'D LIKE TO STAND ALONE AND SUFFER THE SLINGS AND ARROWS THAT COME OUR WAY BECAUSE THAT'S, THAT WOULD BE OURS.
BUT I FEEL A LOT OF THIS, THE MUD AND ROCKS THAT ARE GROWN AT US FROM THE UPSIDE, THAT'D BE HALF OF YOU, YOU KNOW,
SO, UM, IF THERE'S SOME WAY, UH, ESPECIALLY ON PAPERWORK DOCUMENTATION TO CONTINUE TO JUST SAY, HEY, THIS, THIS IS THE PFC AND THIS IS WHAT WE STAND FOR, BUT WE BELIEVE THIS IS WHAT WE DO AND THESE ARE OUR CRITERIA.
I THINK THAT GOES A LONG WAY SO THAT PEOPLE DON'T KEEP LUMPING US BECAUSE I'M ALREADY DOING THAT NOW IN MY MIND.
AND, UH, I DON'T LIKE THAT IT'S A, UH, IT'S TOUGH SLIDE, BUT WE WILL CONTINUE TO LEARN FOR EDUCATION.
I MEAN, THAT'S REALLY WHAT IT IS, RIGHT? I THINK THE FACT THAT WE DON'T CONTROL THE MATERIALS SOMETIMES TOTALLY.
LIKE I'LL, I'LL GIVE THEM DATA AND ASK
AND, UH, HE'S LIKE THAT, YOU KNOW, AT LANDMARK IF SOMEBODY, YOU KNOW, HAD A CASE THAT WAS COMING, ESPECIALLY ON LIKE THE COMMERCIAL PROPERTIES AND THEY DIDN'T LIKE THE PRESENTATION STUFF, IT SHOW WITH THEIR OWN AND PASS THEM OUT, AND THEN EVERYTHING THEY REFER TO IS, BUT THERE.
SO I THINK WE CAN CONTROL THE PRESENTATION, UM, THAT WAY.
AND THAT IS TRUE BECAUSE THE ORGANIZATION SERVE BASICALLY DIFFERENT INCOME
[01:10:01]
BRACKETS AND WE HAVE DIFFERENT DEVELOPMENT.WE'RE MOSTLY, WE'RE MOSTLY NEW BILLS.
WE DON'T, WE HAVEN'T REALLY, WELL, EXCEPT FOR ONE CASE, WE HAVEN'T REALLY BOUGHT ANY ANYTHING OR UP VERY GOOD, VERY POINTS.
UH, ONE, ONE THING THAT I THINK, UM, 1, 1, 1 THING THAT I THINK HAS HELPED THROUGH THIS PROCESS, I I THAT LONG LAST, I THINK WE'VE IDENTIFIED A CORE ISSUE.
UM, THERE ARE A LOT OF DIFFERENT ISSUES IN MOST PROGRAM STATEMENTS.
UM, AND, AND I, I THINK, YOU KNOW, OTHER THAN THE EX OFFICIO, I'M GONNA KIND OF CARVE THAT OUT BECAUSE I, YEAH.
UM, BUT I, WHEN IT COMES TO THE GEOGRAPHIC, UM, RESTRICTIONS, THAT'S A CONVERSATION THAT COUNCIL'S HAVING TOO.
AND IF YOU ALL HAVEN'T, UH, SEEN THE VIDEO OF LAST, UH, COUNCIL MEETING, SO THERE WAS A, SO THE, THE, UM, WHAT WAS THE PSC DEAL? THAT'S THE HOTEL CONVERSION GOOD HOMES.
SO THE GOOD HOMES PARTNERSHIP WAS ON THE AGENDA RIGHT BEFORE THAT WAS A 9% LITECH DEAL.
UM, AND COUNCIL HAD A, A LONG CONVERSATION ABOUT THAT.
IT, THE, THE PARTNERSHIP ITSELF WOULD'VE RUN CONTRARY.
SO ULTIMATELY IT, IT GOT DECLINED.
SO IT TO A RESOLUTION OF SUPPORT FOR THE, THE PARTNERSHIP.
BUT AS THE PROGRAM STATEMENTS WERE WRITTEN, THAT WOULD'VE REQUIRED A TWO THIRDS VOTE BECAUSE THEY WOULD'VE ACTED AGAINST POLICY AT THAT POINT.
AND I THINK WHAT THAT DID IS IT KIND OF SURFACED THE REAL CORE ISSUE I THINK IN ALL OF THIS, WHICH IS, IF, IF I'M IN A DISTRICT THAT HAS, UM, HIGHER, MORE HIGHER POVERTY AREAS, I DON'T WANT ALL THE LIVE TECH, I DON'T WANT ALL THE, EVEN THE AFFORDABLE PFC UNITS.
AND SO HOW WE BALANCE THAT, HOW, HOW DO WE CREATE POLICY THAT, UM, THAT ACCOMPLISHES THOSE PURPOSE? 'CAUSE I, I, I HEAR IT AND COUNCILMAN GRACIE THE, UM, UM, THE PRESIDENT JUST BRIEFLY BEFORE, UH, UM, PRESIDENT PALM MCCALL AND UNDERSTANDS THE, THE PROGRAM AND YOU KNOW, ON THAT LITECH DEAL, HE, HE DIDN'T WANT LITECH IN A HIGHER OPPORTUNITY AREA.
UM, HE, HE WANTED SOMETHING THAT WOULD DEVELOP MORE ORGANICALLY AND A MARKET RATE AND ALL THESE THINGS.
UM, SO I, I THINK THAT'S A, THAT'S A REAL CORE ISSUE.
AND, AND AS YOU ALL CONTINUE TO HAVE, UM, CONVERSATIONS WITH YOUR MEMBERS, UM, I, I, THAT'S A GREAT THING TO, TO JUST PICK THEIR BRAIN ABOUT AND SEE, YOU KNOW, WHAT THE RIGHT SOLUTION IS THERE, BECAUSE I, I DON'T KNOW WHAT IT IS, BUT I KNOW THOSE ARE VALID CONCERNS AND WE'VE GOTTA FIGURE OUT A WAY TO, UH, TO THREAD THAT NEEDLE.
I THINK BEFORE IT WAS JUST ABOUT, YOU KNOW, TRYING TO GET OUR POINT ACROSS AND EVERYTHING ELSE.
AND NOW I THINK WE'VE GOTTEN ANOTHER CORE ISSUE.
I THINK THAT'S A PERFECT WAY TO TRYING TO DO HERE TO OUR DEVELOPERS.
YOU KNOW, AND I, I APPRECIATE YOU GUYS BRINGING THAT UP WITH, UH, MR. LEWIS HERE.
HEY, YOU HAVE THIS LETTER OF SUPPORT, LIKE, UH, LEARNED FROM WHAT COUNCIL'S TRYING TO TELL US.
'CAUSE YOU GUYS SERVE AT THAT PLEASURE.
I, I, I'M TRYING TO TAKE THAT PART AS WELL.
THE LAST THING I WANT TO DO IS SHOW UP BEFORE THE HORSESHOE AND HAVE ONE OF THE COUNSEL SAY, HEY AARON, I DON'T WANT THIS.
WHY IS THIS HERE? YOU KNOW, THEY'RE NOT ALL GONNA AGREE, BUT I THINK AT LEAST WE CAN DO OUR DILIGENCE WITH ALL COUNSELORS AND SAY, HEY, I KNOW MY, MY CONSTITUENCY AND THIS IS WHAT WE NEED OR WHAT THEY DON'T WANT OR WHAT, WHATNOT.
SO I THINK AS WRITTEN, I I SAY THEY'RE OVERLY PRESCRIPTIVE BECAUSE THOSE COUNCIL MEMBERS AREN'T GONNA BE THERE FOREVER, BUT THIS POLICY WILL UNTIL IT CHANGES, RIGHT? SO, YOU KNOW, THE COMMUNITY CHANGES.
AND SO I THINK IF YOU LEAVE THAT OFF, WHY MY SOLUTION, I, I TOLD THIS TO SEVERAL COUNCIL MEMBERS IS WE JUST FILLED THIS THROUGH OUR APPLICATION THAT A COMMUNITY INVOLVEMENT AND, AND A REQUIREMENT TO SPEAK WITH THEM AND TO GIVE THAT FEEDBACK BEFORE WE GET TOO FAR DOWN THE PHONE.
AND I THINK THESE QUESTIONS OF WHETHER YOU NEED CERTAIN THINGS AND CERTAIN GEOGRAPHIES, THOSE WILL KIND OF GO AWAY BECAUSE WE'VE ALREADY DONE THAT TODAY, RIGHT? IT'S NOT AT THE
IT'S MUCH, MUCH FURTHER AHEAD OF THAT.
NOW, AS THE QUESTION WHERE CONCENTRATES PROBABLY NOT THE OTHER, THERE'S DATA THAT KIND OF REBUKE SOME OF THE NARRATIVE THERE.
AND I, I COULD GO INTO IT PRETTY DEEPLY WITH Y'ALL.
BUT, UH, THAT'S ALL WE WORKING ON.
[01:15:03]
ONCE AGAIN, I'D LIKE TO THANK ALL WHO DID REACH OUT BOARD MEMBERS TO YOUR COUNCIL MEMBER, UH, BASED ON THE LAST MINUTEAND IT DID COME BEFORE BOTH, UH, YOU KNOW, WE WOULD'VE BEEN CAUGHT.
I, WE'LL PROBABLY HAVE TO THE SAME THING.
HOPEFULLY IT WON'T, BUT WE, WE'LL GET A MORE ADVANCED NOTICE FROM HOUSING STAFF AND SUCH AS WHEN THESE ITEMS COME, WILL BE COMING FORWARD, FORWARD TO THE HH S AND SO IF YOU DID REACH OUT TO YOUR COUNCIL MEMBER QUESTION AND SPEAK TO 'EM, I WOULD SUGGEST THAT, UH, YOU KNOW, YOU CAN CONTINUE TO DO SO AND CONTINUE TO HAVE THE CONVERSATION AND, UH, BECAUSE THE KNOWLEDGE WILL BE USEFUL WHENEVER IT DOES COME UP
SO, UH, ANY QUESTIONS OR COMMENTS ABOUT THE HOUSING CATALOG? IT, IT WILL COME UP AGAIN.
IT WILL BE BASICALLY IT'S BEEN A MONTHLY ITEM ON OUR AGENDA FOR THE LAST YEAR AND LOOK FORWARD TO BRINGING IT TO FRUITION AND CLOSURE, BUT IT'LL HAPPEN WHEN IT HAPPENS.
MOVING ON TO ITEM NUMBER 12, REVIEW AND DISCUSSION OF DPFC TREASURER'S REPORT.
I'LL, UH, YIELD THE FLOOR TO AARON AND SAM AND OUR ACCOUNTANTS TO, UH, PRESENT, UH, THE TREASURER'S REPORT.
WE'VE GOT SHANNON ON MY, UM, SO I WILL.
ALRIGHT, SAM, SO THIS IS FOR THE MONTH ENDED JANUARY 31ST, 2026.
REGARDLESS OF WHAT THE TREASURER'S REPORT REPORT, IF YOU'RE LOOKING AT IT, IT IS THE 31ST OF 2026 THAT WE'RE LOOKING AT.
UM, YOU DID HAVE A NET CHANGE IN OF, IN FINANCIAL POSITION, JUST UNDER $58,000.
UH, THE CASH ACCOUNTS GOT A NICE BOOST, UM, OF ALMOST 470,000, UH, DUE TO THE RECEIPTS OF TWO SALES TAX GROUND LEASE RENT FROM BOTH THE CAROLYN AND THE HAYDEN THAT CAME IN THIS LAST MONTH, UH, FOR CASH AND CASH EQUIVALENTS TOTALING JUST OVER 6.1 MILLION AS OF THE 31ST OF JANUARY IN 2026.
FOR THOSE OF Y'ALL WHO ARE LOOKING AT THESE FINANCIALS A LITTLE CLOSER ON THE, UH, STATEMENT OF FI, YOU'LL NOTICE FIRST OF ALL, YOU HAVE SOMETHING YOU HAVE NOT HAD BEFORE, WHICH IS CALLED A COMBINED STATEMENT OF NET POSITION IN COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGE IN THAT POSITION.
AND THAT IS, UH, RELATED TO THE LOAN, THE CREATION OF THE LOMA DFW LANDOWNER BY THE PFC, THUS BECOMING A BLENDING COMPONENT UNIT OF THE PFC.
AND SO YOU'LL BE LOOKING AT COMBINED FINANCIALS.
IT STILL IS, UH, YOU KNOW, THERE'S ONLY THE ONE ACTIVITY RELATED TO AT THIS POINT, THE, UH, THE BRINGING LOMA ON WITH THE LAND COMING ONTO THE BOOKS.
BUT, UH, OTHER THAN THAT, THE OTHER THING YOU MIGHT NOTICE IN THE FINANCIALS IS, UH, WE DID RECEIVE THE LEGAL DOCUMENTS RELATED TO THE PARK AT NORTH POINT, UH, FROM EARLIER IN OR IN THE FALL OF 2025.
AND THIS IS ONE WHERE THERE WAS A LARGE CDBG LOAN FROM THE CITY THAT WAS, UH, GRANTED TO THE, UH, PFC.
THIS IS OFF IS BASICALLY THE 25 ACTION IS A COMBINATION OF A 2023 DEAL CLOSING ON BOTH, UH, BOTH THE LDG NORTH POINT ONE AND NORTH 0.2.
SO YOU'RE GONNA SEE 10 MILLION BASICALLY ADDED IN THE CDB JEW NOTE, BUT THEN IT'S OFFSET WITH A NOTE RECEIVABLE FROM, UH, FROM THE PARTNERSHIP FOR THAT VERY SAME AMOUNT.
SO REALLY IT THAT PART NETS TO ZERO.
THERE IS INTEREST, BOTH INCOME AND EXPENSE ACCRUING AT THE VERY SAME, VERY LOW RATE.
UM, YOU KNOW, I BELIEVE OF WHAT, 1% ON AN UNPAID PRINCIPLE, UH, THAT ACCRUES, BUT DOES NOT COMPOUND.
SO THE FINANCIALS LOOK A LITTLE DIFFERENT ON THE COMBINED STATEMENT OF NET POSITION.
[01:20:01]
THOSE TWO WITH THAT ACTIVITY I TALKED ABOUT AT PARK AT NORTH POINT.BUT, UM, IT DEFINITELY KIND OF PLUSES UP WHAT IS HAPPENING ON THE FRONT OF THIS STATEMENT.
SO I WANTED TO ADDRESS THAT WITH Y'ALL BRIEFLY QUESTIONS? ANY QUESTIONS ON ITEM NUMBER 12 HERE ONLINE? SHANNON, THANK YOU VERY MUCH.
MOVING ON, ITEM NUMBER 13, DPFC PIPELINE REPORT, BRIEFING AND DISCUSSION, MR. MCDANIEL.
YEAH, SO WE, UH, HAD ONE IN THE PROJECT LOOP UP, UH, I BELIEVE, RIGHT THE, THE CEDARS, UH, PROJECT, WHICH WAS THE LUM.
UM, IT'S, IT'S CALLED THE MARCUS, UH, NOW, AND THAT'S LEASING.
UM, AS FAR AS OUR STUFF UNDER CONSTRUCTION, NOTHING REALLY MOVED AROUND ON THAT.
UH, OUR FULLY APPROVED, UH, PIPELINE SECTION HASN'T MOVED EITHER.
HOWEVER, WE ARE, UH, EXPLORING THE POSSIBILITY OF GETTING LOANS ON TWO OF THESE PROJECTS, WHICH IS AN INTERESTING THREAD, UM, TO NOTE THAT THE PROJECTS ARE GET DONE WITHOUT HIGH
UM, AND THEN AS FAR AS OUR, OR STILL ON FULL APPROVAL, UM, STILL LOOKING KIND OF FOR GUIDELINES ON AN OFFICIAL TIMEFRAME, UH, FOR HOW LONG OUR FINAL APPROVAL WILL LAST.
UM, SO MAYBE WE BRING THAT UP, UH, AS AN, AN ITEM IN OUR NEXT BOARD MEETING.
WE HAVE, UH, A FEW THINGS THAT ARE LOOKING LIKE THEY'RE GONNA START MOVING AGAIN.
UM, ABOUT HALF OF OUR, UH, PROJECTS AND PRELIMINARY APPROVAL STILL HAVE, UH, SOME TYPE OF MOTION, BUT WE'LL PROBABLY INCLUDE THAT IN THE, UH, NEXT ITEM TALKING ABOUT TIMEFRAMES FOR PROJECTS.
AND THEN, UH, AS FAR AS APPLICATIONS, WE HAVE TWO DIFFERENT DEVELOPERS THAT ARE INTERESTED IN SUBMITTING HERE SHORTLY.
UM, AND WE'LL PROBABLY HAVE AT LEAST ONE OF 'EM ON THE NEXT MONTH OR SO.
I JUST WANNA ADD TO RECENTLY TOUR THE HALL PROJECTS.
THE, UM, HAYDEN AND THE CAROLINE, THEY'RE VERY IMPRESSIVE PROJECTS, BUT YOU GUYS SHOULD BE VERY PROUD OF WHAT THEY'RE BUILDING THERE TO IMAGINE THAT THIS IS GONNA BE APP AFFORDABLE, ESPECIALLY ON THE CAROLINE, BUT THAT'S A VERY IMPRESSIVE SITE.
YEAH, I'M EXCITED TO SEE WHAT, WHAT THAT LOOKS LIKE, UH, GOING FORWARD.
SO AS, AS WELL AS THE, UH, CO-OP SINGLETON PROJECT THAT YEAH, THAT SOUNDS DONE.
YEAH, SO HAPPY TO, HAPPY TO SEE THOSE START, IF ANY.
THOSE HAVE A, I'M SORRY, HAVE OPEN HOUSES OR SOMETHING AND LIKE TO BUY, LOOK AT IT.
WE SHOULD, WE SHOULD DEFINITELY, UH, SCHEDULE THAT.
ESPECIALLY THE, IT'S REALLY, YEAH, IT'S EXCELLENT.
AND ON THE CAROLINE, DIDN'T THEY HAVE SOME PRETTY, UM, EXTENSIVE INFRASTRUCTURE THAT CONTRIBUTED TO, UH, CITY? DEFINITELY.
THEY GOT THE PG MONEY TO, UH, TO EXPAND THE SEWER.
YEAH, THEY NEED A COUPLE MILLION DOLLARS TO WHY NOT BUY.
SO WE'RE HOPING THEY CAN EXPAND THE STREET, BUT OBVIOUSLY THAT'S OUR, THAT WOULD BE BUILDING.
ANY OTHER QUESTIONS OR COMMENTS ABOUT ITEM NUMBER 13, THE DT FFC PIPELINE? NO.
YEAH, YOU CAN GET ADVICE TO, AT THE ROAD TRIP, WE WOULD DEFINITELY LIKE TO GO.
YOU GUYS CAN, THE HAYDEN'S ALREADY COMPLET OR IT'S ABOUT TO BE COMPLETE, OR IT'S PRETTY MUCH FINAL PUNCH.
THAT'S THE ONE OFF OF, UH,
WELL, YEAH, YOU, YEAH, I MEAN, HONESTLY, WE CAN, WE COULD SCHEDULE TIME WHENEVER VERY WELL.
[01:25:02]
I THINK WE, I BE TO SEE HOW FIRST KIND, HOW IT ACTUALLY WORKS, THE FINISHED PROJECT, SO I CAN BRING THAT BACK AS WELL.AND THEN OF COURSE, CO-OPS SAY NOTHING THE DISTRICT REPRESENTS, SO YEAH, WE'RE EXCITED ABOUT THAT.
I'LL SEE NOTE FURTHER COMMENTS.
DO WE HAVE, I, I, MOTION TO ADUR DIRECTOR, UH, MARQUEZ.
DIRECTOR OF P HAS SECONDED ALL THOSE FAVOR TO ADUR SIGNIFY BY SAYING AYE.
OPPOSED? WE ARE ADJOURNED AT 2:29 PM THANK Y'ALL VERY MUCH FOR YOUR SERVICE TO THE CITY OF DALLAS.