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[Public Facility Corporation Meeting on September 23, 2025.]
I'D LIKE TO CALL THE SEPTEMBER 23RD, 2025 DALLAS PUBLIC FACILITIES CORPORATION BOARD OF DIRECTORS.
MEETING TO ORDER AT 12:04 PM MOVING ON ITEM NUMBER TWO, ROLL CALL SAM MCDANIEL.
RONALD STINSON IS OUT PRIME BLANKENSHIP PRIME SET.
HE WOULD BE SIGNING IN SHORTLY.
UM, CHRISTIAN MARQUEZ, CHRISTIAN, VICTOR TOLEDO PRESENT.
JASON BROWN, PRESENT AND MONTGOMERY.
ALAN TALLIS WILL NOT BE ATTENDANCE TODAY.
LET THE RECORD REFLECT THAT A QUORUM HAS BEEN ESTABLISHED.
MOVING ON TO ITEM NUMBER THREE, PUBLIC TESTIMONY.
DO WE HAVE ANY PUBLIC COMMENTS ON ITEM 4 3 13? DID WE HAVE ANY SIGNED OR DO WE HAVE ANY ONLINE? WE DO NOT HAVE ANY THAT SIGNED UP.
IF YOU HAVE, UH, PUBLIC TESTIMONY TO MAKE FROM ONLINE, WILL YOU PLEASE RAISE YOUR HAND? I DON'T THINK THERE, THERE IS ANYONE.
PUBLIC COMMENTS CALLING LAST CALL.
MOVING ON TO ITEM NUMBER FIVE.
ITEM NUMBER FOUR, DISCUSSION AND APPROVAL OF THE MINUTES OF THE AUGUST 26TH, 2025 DPFC BOARD MEETING.
IF EVERYONE HAS SEEN THE MINUTES FROM LAST MONTH'S MEETING, DO WE HAVE ANY ADDITIONS OR CORRECTIONS? UM, ONE, UH, ONE ITEM IS, UH, ITEM SEVEN.
IT'S GOT DISCUSSION AND POSSIBLE ACTION ON, UM, THE TECHNOLOGY BOULEVARD PROPERTY.
UH, I JUST DON'T RECALL IF I MINUTES, I DON'T RECALL, UM, THAT, BUT IT SEEMS TO IMPLY THAT, UH, THERE'S A RESOLUTION ON THAT PROPERTY THAT WE DIDN'T, UH, DIDN'T VOTE ON.
WE, WE HAD JUST WORDED THE, UH, ITEM SO THAT, THAT NEEDED TO BE, UH, WE OKAY.
I JUST WANTED TO MAKE SURE RON'S NOT HERE.
SO SOMEBODY'S APPROVE, APPROVED IN, UH, BY DIRECTOR MONTGOMERY SECOND.
SECOND IS BY, UH, C DIRECTOR TOLEDO.
ALL IN FAVOR TO APPROVE THE AYE SAYING.
IS THERE ANY OPPOSITION HEARING? NO OPPOSITION.
THE MINUTES OF THE AUGUST 26TH, 2025 MEETING ARE APPROVED.
MEETING ANNOUNCEMENTS, UH, SEE, I WOULD LIKE TO SAY, UH, SHAVA, EVERYONE KNOWS TO CELEBRATE.
AND, UM, UH, NEXT YEAR WE'LL MAKE AN EFFORT TO, UH, MAKE SURE THAT OUR MEETINGS ARE MORE IN LINE, UH, WITH THE, WITH THE HOLIDAYS.
UH, SO THERE COULD BE POSSIBLE THAT COMES SEPTEMBER THROUGH, UH, DECEMBER.
YOU KNOW, WE MIGHT MOVE IT TO BE A DIFFERENT WEEK NEXT YEAR JUST TO MAKE SURE WE, THERE ARE NO CONFLICTS.
SO WE, UH, WE CAN HAVE THAT FORUM AND HAVE EVERYONE CELEBRATE, UH, THEIR HOLIDAYS AS THEY SEE FIT WITHOUT A CONFLICT.
UM, I ALSO LIKE TO SAY CONGRATULATIONS TO SOPHIA GOMEZ ON HER UPCOMING WEDDING IN HONEYMOON.
AND I WOULD ALSO LIKE TO, UH, CHAIR WOULD ALSO LIKE TO GIVE HIS PERSONAL SENTIMENTS TO THE FAMILY OF, UH, DIRECTOR, UH, RON STINSON.
UH, HE'S ATTENDING A FUNERAL TODAY.
DO WE HAVE ANY OTHER DISCUSSION? ANY OTHER ANNOUNCE COMMUNITY ANNOUNCEMENTS FROM OUR PROPERTIES OR ELSEWHERE? FROM HERE OR ONLINE? NOT AT THIS TIME, NO.
WE, WE DON'T HAVE ANY ADDITIONAL, UH, COMMUNITY ANNOUNCEMENTS THAT WE HAD PLANNED.
SEEING NONE WILL MOVE ON TO ITEM NUMBER SIX.
DPSG BOARD MEMBERS SHOULD DISCLOSE ANY RELATIONSHIP A MEMBER MAY HAVE WITH THE PROJECTS TO BE CONSIDERED OF THIS AGENDA OR WITH ANY DEVELOPER, PARTICIPANT, OR FINANCIAL BENEFICIARY
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OF THE PROJECTS TO BE CONSIDERED ON THIS AGENDA.EVEN IF THAT RELATIONSHIP DOES NOT RELATE TO A SPECIFIC PROJECT, THE DPFC BOARD IS CONSIDERING.
ITEM NUMBER SEVEN, UPDATE AND DISCUSSION REGARDING THE STATUS OF THE DEVELOPMENT OF THE PARK AT NORTH POINT.
LOCATED AT 9 9 9 TECHNOLOGY BOULEVARD, SAM.
YEAH, SO, UH, WE'RE SUPPOSED TO BE CLOSING THAT PROJECT ON THURSDAY, FULLY CLOSING IT, UM, AND GETTING ALL OF THE MONEY REIMBURSED AND WELL AS THESE, UH, OUR STANDARD COLLECTION DECK CLOSING, UH, SHOULD BE A GOOD WEEK FINANCIALLY IF, IF THAT HAPPENS.
UM, IT'S SUPPOSED TO BE WEDNESDAY, BUT WE PUSH BACK TO THURSDAY.
UM, WE HAVE SECURITY ALREADY LINED UP, UH, FOR 24 HOURS AFTER CLOSING.
UH, 'CAUSE THEY NEED TO HAVE X AMOUNT OF TIME TO BE ABLE TO, UH, FACILITATE SERVICES IF BE, IF IT CONTINUES TO GET PUSHED.
UM, BUT OTHERWISE, I MEAN, EVERYTHING'S IS POINTING TO CLOSING THE THING ON THURSDAY AND HAVING THINGS HOPEFULLY, UH, RUN A LOT MORE, UH, AND, AND NORMAL SEE, UH, WITH, WITH WHAT WE EXPERIENCED AFTER CLOSING A PROJECT.
WE'LL MOVE ON TO ITEM NUMBER EIGHT, DISCUSSION AND APPROVAL OF A RESOLUTION AUTHORIZING THE NEGOTIATION AND EXECUTION OF A TERM SHEET FOR HALL STREET AND AFFORDABLE MULTIFAMILY DEVELOPMENT PROJECT IN PARTNERSHIP WITH FAIRFIELD RESIDENTIAL, LOCATED AT 1823 NORTH HALL STREET, DALLAS, TEXAS 7 5 2 0 4.
SO THIS PROJECT, WE ARE IN THE PROCESS OF NEGOTIATING AN MOU AND THERE'S NOT REALLY MUCH MORE TO UPDATE OTHER THAN THAT.
WE HAD PLANNED TO GET IT ON THIS AGENDA, BUT, UH, IT'S JUST NOT READY FOR BOARD CONSIDERATION YET.
SO WE'RE GONNA BRING IT BACK TO THE REAL ESTATE COMMITTEE THIS MONTH AND THINK WE HAVE SOME GOOD FEEDBACK AND WE WON'T SEE IT NEXT MONTH.
UH, I TOLD YOU'ALL THIS WILL BE A QUICK MEETING.
LET'S MOVE ON TO ITEM NUMBER NINE, DISCUSSION AND APPROVAL OF A COST SHARING'S PROPOSAL WITH THE DALLAS HOUSING FINANCE CORPORATION FOR MANAGEMENT, ADMINISTRATION, OPERATION AND OR OTHER SERVICES.
AND, UH, AARON, UH, WOULD YOU LIKE TO GIVE AN OVERVIEW? I HAVE A FEW HIGHLIGHTS THAT I WOULD LIKE TO READ FROM DIRECTOR TAAS.
I JUST GO OVER A FEW OF THE HIGHLIGHTS.
THIS WAS, UH, PUT TOGETHER BY OUR DISTINGUISHED, UH, TREASURER AND DIRECTOR TAAS, UH, SENT TO ME.
UH, SO EVERYONE, UH, HERE JUST THE HIGHLIGHTS OF THIS COST SHARING AGREEMENT, THE OBJECTIVE FOR PURPOSES OF ECONOMY AND TO BE EFFICIENT AND OUR EXPENSE STRUCTURE, THEREBY MAXIMIZING OUR POTENTIAL TO PROVIDE HA AFFORDABLE HOUSING.
THE CITY OF DALLAS, THE HSC AND PFC HAVE AGREED TO CERTAIN COST ARRANGEMENTS AND ADMINISTRATIVE EXPENSES.
UM, BASICALLY THE GENERAL MANAGER AARON, CURRENTLY AARON A QUINTO WILL SERVE BOTH THE HFC AND PFC.
HE WILL, THE GM WILL REMAIN AN EMPLOYEE OF THE HFC SALARY.
PAYROLL TAXES AND BENEFITS WILL BE SHARED EQUALLY.
THE PSC WILL REIMBURSE THE HSC FOR PROPORTIONATE SHARE OF THE GM'S EXPENSES ON A QUARTERLY BASIS.
SHOULD THE GM POSITION BECOME VACANT, THE HSC HAS THE RIGHT TO SUSPEND, UH, THE GM SERVICES UNTIL A REPLACEMENT IS FOUND.
DEDICATED EMPLOYEES, MANAGERIAL ADMINISTRATIVE EMPLOYEES OF THE PSC WILL REMAIN EMPLOYEES OF THE PFC.
THE PSC WILL ESTABLISH ITS OWN PAYROLL AND SECURE BENEFITS.
THE SAME IS TRUE OF THE HSC SHARED STAFFING.
SHOULD THE GN DECIDE TO EMPLOY ADDITIONAL STAFF WITH RESPONSIBILITIES TO BOTH THE HSC AND PSC, THOSE EMPLOYEES SHALL BE HIRED BY THE HSC SALARY.
PAYROLL TAXES AND BENEFITS WILL BE APPORTIONED.
EQUALLY SHARED THIRD PARTY SERVICES IS SIMILAR TO SHARED STAFFING.
IF THE GM HIRES A THIRD PARTY COMPANY, WORK ON BEHALF OF BOTH THE HSC AND PFC.
THERE WILL BE APPORTIONED COST OFFICE SPACE EQUIPMENT AND FURNISHING, UH, WORKS THE SAME WAY.
EQUITABLE APPORTIONMENT BETWEEN THE TWO ENTITIES.
AGREEMENT TERM, THE EFFECT WITH RIGHTS TO CANCEL BY EITHER PARTY AFTER 90 DAYS IS, UH, WRITTEN.
REVIEW OF OPERATIONAL MATTERS AND DISPUTE RESOLUTIONS.
THE GM TO MEET NOT LESS THAN QUARTERLY WITH THE COMMITTEE THAT WE WILL, UH, APPOINT IF THIS IS APPROVED AT THE NEXT MEETING.
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OF REPRESENTATIVES FROM BOTH BOARDS TO REVIEW OPERATIONAL ISSUES, BUDGETS, STAFFING, AND OTHER MATTERS RELEVANT TO EACH ENTITY'S PERFORMANCE.THE PFC SHOULD APPOINT TWO REPRESENTATIVES, AS SHOULD THE HSC.
AND THAT IS, THOSE ARE HIGHLIGHTS OF THE SHARED, UH, SERVICES AGREEMENT.
AS Y'ALL KNOW, WE'VE BEEN WORKING ON THIS BACK, GOING BACK AND FORTH, UH, FOR QUITE SOME TIME WITH BOTH, UH, UH, DISTINGUISHED ORGANIZATIONS, PFC AND HC, AND HAVE, UM, ACTUALLY WENT THROUGH THE HARD WORK OF THE, UM, STAFF.
UH, UH, KUDOS TO DIRECTOR
UM, IT'S BEEN TWEAKED BY THE HFC.
WE THOUGHT THEY MIGHT APPROVE IT LAST MONTH, BUT THERE WERE A FEW MORE TWEAKS.
AND SO IT HAS BEEN, UH, TWEAKED AGAIN,
UH, IF THIS IS APPROVED TODAY, IT WILL GO TO THE HSC AT THEIR NEXT MEETING.
AND THEN, UH, AARON, UH, WE WILL HAVE AN AGREEMENT THAT WILL BE SIGNED.
AND, UH, YOU'D LIKE TO CONTINUE WITH SOME COMMENTS? UH, UM, THANK YOU PRESIDENT
I THINK HE HIT THE HIGHLIGHTS AGAIN THAT THIS HAS BEEN A LONG TIME COMING AND I THINK WE STARTED OUT A REALLY COMPLICATED FORMULA.
AND THEN I THINK THANKS TO DIRECTOR ALI, AND I THINK PRESIDENT ELLIS OVER AT THE HFC, WE REALLY JUST FOCUSED ON THE, ON WHAT IT IS.
SO THE PF C'S GONNA KEEP ALL THE EMPLOYEES, THE HF C'S GONNA KEEP THEIR EMPLOYEES, AND WE'RE GONNA SHARE THE THINGS THAT ARE JUST TRULY SHARED.
UM, IT'S REALLY LITTLE MORE THAN THAT.
UH, IT OBVIOUSLY, IT, IT HELPS OUR ORGANIZATIONS FUNCTION, UH, CONCURRENTLY AND, AND MUCH MORE COORDINATION AND THINK IT'S JUST, UH, A GOOD THING FOR THE CITY, OBVIOUSLY, SINCE COST AS WELL.
THIS TIME WHEN ALL WE HEAR ABOUT OUR, YOU KNOW, BUDGET CONSTRAINTS, I THINK IT'S REALLY PRETTY NEAT THAT OUR TWO GREAT ORGANIZATIONS JOIN TOGETHER, UH, YOU KNOW, TO SAVE, UH, YOU KNOW, TAX MONEY WHILE ALSO, UH, NOT JUST THAT, BUT ALSO DOING THINGS MORE EFFICIENTLY IN THE PAST.
AND SO I BELIEVE IT, UH, CORRECT ME IF I'M WRONG, I BELIEVE THE, THE FORMAL DOCUMENT YES, IT IS IN THE PACKET.
ALL I READ WERE SOME HIGHLIGHTS.
UM, DO WE HAVE ANY QUESTIONS OR COMMENTS? THE QUESTION, UH, DID SUMMER LOOK AT THIS? YES.
SOME, SOME, UH, THE SUMMER HERE I SEE HER ON THING.
SO SUMMER, UH, IT HAS BEEN NOT PART OF THAT CONVERSATION, BUT THAT'S GOOD TO KNOW THAT
YEAH, I THINK WE FOCUSED THE GROUP DOWN.
YOU KNOW, IF YOU REALLY TOOK IT TO ALL 15 PAGE PEOPLE, WE'D NEVER GET THIS DONE, I THINK.
I NOT, I MEAN, NOBODY WAS TRYING TO CUT EVEN OUTTA IT, YOU KNOW, I THINK FINALLY AGREED ON THE MAIN POINT.
BUT, UH, YOU KNOW, WE'LL, WE'LL GIVE A GO.
THAT'S, THAT'S VERY IMPORTANT TO KNOW, RIGHT? THAT WE CAN, THAT WE CAN UNWIND IT.
YOU, YOU GUYS DON'T CONTROL THE HC.
THE HFC DOESN'T CONTROL ANY OF YOU.
SO, AND LET THE RECORD REFLECT, UH, IS, UH, THAT I SEE DIRECTOR STONE COME ONLINE, DIRECTOR STONE AND DIRECTOR, UM, UH, BLANKENSHIP HAVE BOTH COME ONLINE.
LET THE RECORD REFLECT THE ATTENDANCE OF, UH, DIRECTOR OF BLANKENSHIP AND DIRECTOR STONE ONLINE.
ONE OTHER JUST QUICK FOLLOW-UP QUESTION.
UH, IT DOESN'T NEED TO BE A DOCUMENT, BUT THE BILL COMES IN FOR A SHARED SERVICE.
IS IT GONNA NORMALLY BE HFC PAYING AND THEN BFC REIMBURSES? OR CAN IT BE EITHER OR? CAN IT BE EITHER WAY? IT, IT WILL BE TYPICALLY THE HFC PAYING, BECAUSE THAT'S WHY THEY HAVE THAT COMMITTEE EDIT.
THESE COSTS ARE GONNA BE LOOKED AT EVERY COUPLE OF MONTHS.
AND THEN YOU GUYS HAVE KIND OF DISAGREEMENT OUT.
IT'S JUST MECHANICALLY YEAH, STRICTLY MECHANIC.
WE, WE WANNA BE VERY SURE THAT NO ONE'S PAYING FOR ANYTHING HAVE, SO
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SUMMER SAID SHE COULD HOP IN IF, IF NEEDED.ANY OTHER QUESTIONS OR COMMENTS ONLINE? UH, IF YOU CAN HELP ME, UH, SEE PEOPLE, IF I CAN'T SEE 'EM, RAISE THEIR HAND.
ANY DIRECTORS ONLINE HAVE ANY QUESTIONS ABOUT THE COST SHARING DISPOSAL BEFORE WE, UH, TAKE IT TO VOTE? UH, THERE'S A QUESTION, COMMENT FROM, UH, DIRECTOR MONTGOMERY.
YEAH, JUST A, A QUICK COMMENT, UM, ON DIRECTOR TAO'S WORK HERE, UM, AS CHAIR OF THE FINANCE COMMITTEE, UM, HE'S BEEN INVOLVED EVERY STEP OF THE WAY, UM, AND HAS, UM, FIRST AND FOREMOST KEPT US FOCUSED, UM, ON THIS TASK.
AND SECONDLY, HAS HAS BEEN VERY INSTRUMENTAL IN, UH, TAKING IT FROM IDEAS AND THOUGHTS INTO A DOCUMENT.
UM, SO HE, HE WORKED REALLY HARD ON THIS.
UM, AND IT'S, UH, IT, IT'S GONNA BE SOMETHING THAT WE LOOK BACK ON.
I, I THINK AS THE BEGINNING OF A, UH, UH, UH, MORE EFFECTIVE AND EFFICIENT, UM, PAIR OF WARPS BETWEEN HFC AND THE PFC.
THIS, THIS WILL BE, UH, A BIG REASON WHY.
SO, UM, I JUST WANTED TO RECOGNIZE DIRECTOR TA'S WORK AND, UH, AND PUTTING ALL THIS TOGETHER.
AND IF, UH, WE DON'T HAVE ANY OTHER DISCUSSION, I'LL MAKE A MOTION TO APPROVE MOTIONS MADE TO APPROVE BY DIRECTOR MONTGOMERY.
OKAY, WE'LL MOVE TO A ROLL CALL.
LET THE RECORD REFLECT THAT, UH, ITEM NUMBER NINE WAS PASSED UNANIMOUSLY BY THE, THOSE IN ATTENDANCE TODAY.
I THINK THIS, THAT IS, THAT IS AN ITEM THAT I THINK WE CAN ALL GO BACK TO, UH, THOSE OF US WHO APPOINTED US AND LET 'EM KNOW THAT, YOU KNOW, SOME COST SAVING ITEMS AND SOME GOOD THINGS ARE HAVING HERE.
AND IT'S ALWAYS BETTER TO BE ABLE TO REPORT BACK THAT WE'RE WORKING TOGETHER, YOU KNOW, WITH OTHER ORGANIZATIONS, UH, YOU KNOW, FOR OUR MISSION.
MOVING ON TO ITEM NUMBER 10 BRIEF REGARDING THE DPFC REAL ESTATE COMMITTEE PROCEDURES, UH, SAM AND, UH, PRIME BLANKENSHIP.
YEAH, SO BLANKENSHIP, SO WE HAVE BEEN, UH, HAD A COUPLE OF OUR, UH, REAL ESTATE COMMITTEE MEETINGS THAT'VE GONE WELL.
UM, PRIME WAS ELECTED THE CHAIR COMMITTEE AND CHRISTIAN WAS ELECTED VICE CHAIR.
UM, WE HAD KIND OF JUST WANTED TO PUT SOME THINGS TOGETHER TO MAKE SURE THAT EVERYONE KIND OF KNEW WHAT WE WERE, WERE THINKING AS FAR AS PROCEDURES, UM, FOR THIS COMMITTEE, SINCE IT IS SOMETHING THAT IS, YOU KNOW, FORWARD FACING TO, TO OUR PROJECTS.
UM, SO WE PUT TOGETHER A, UH, DRAFT OF THE COMMITTEE PROCEDURES.
AND ADDITIONALLY WE HAD, UH, PUT TOGETHER A DRAFT OF A CALENDAR, JUST KIND OF SHOWING WHERE OUR BOARD MEETINGS ARE AND WHERE WE'RE GONNA NEED, UM, YOU KNOW, UH, SUPPORTIVE MATERIALS BY, UH, LIKE THE APPLICATION AND WHEN ARE WE GONNA NEED, UH, YOU KNOW, MOUS AND THINGS OF THAT NATURE.
SO WE'RE GONNA BE REVIEWING THE MOUS AND, UH, WITH ALL THE BUSINESS TERMS, UH, FINALIZED AND THE UNDERWRITING AT THAT, UH, COMMITTEE MEETING, UH, BEFORE EVERYTHING COMES TO THE FULL BOARD FOR APPROVAL.
UH, IT'S IMPORTANT TO NOTE THAT THIS IS NOT GONNA BE ANY TYPE OF AN APPROVED OR DISAPPROVED OF A PROJECT TO, UH, TO MAKE IT THROUGH THE COMMITTEES AGAINST THE BOARD, BUT, UM, I'LL LET PRIME TAKE IT FOR A MINUTE.
PRIME, DO YOU HAVE ANYTHING ELSE TO ADD? PRIME, YOU'RE MUTED IF SO, YOU SPEAKING? YEAH.
MAY HAVE STEPPED AWAY FOR A SECOND, BUT YEAH, IF IT'S, UH, YOU KNOW, IF ANYONE HAS ANY QUESTIONS, PLEASE FEEL FREE TO ASK.
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BUT THAT'S RIGHT NOW I BELIEVE WE'RE GONNA BE JUST RUNNING WITH THREE, THREE FOLKS AND, UH, ANYONE WHO HAS A, UH, PROJECT IN THEIR DISTRICT, WE'LL BE INVITED TO THAT MEETING OR BRIEF BEFORE, UH, THE PROJECT COMES TO THE FULL BOARD NOW.YEAH, I WOULD JUST ADD, YOU KNOW, THERE'S, THERE'S ALWAYS BEEN A DESIRE JUST FOR EVERYTHING TO HAPPEN EARLIER BEFORE YOU HAVE TO VOTE ON IT.
THIS MEMORIALIZES LIKE A SCHEDULE THAT WE COULD COMMUNICATE TO THE DEVELOPERS TO SAY, HEY, WANNA BE ON OUR MEETING? WE HAVE TO HAVE OUR DEAL HAMMERED OUT.
WE HAVE TO PRESENT IT TO OUR REAL ESTATE COMMITTEE, GET SOME COMMENTS, YOU KNOW, MAKE SURE THAT YOU KNOW, WHAT WE'RE BRINGING IS SOMETHING THAT'S GONNA BE ACCEPTABLE TO THE GREATER BOARD.
UM, LIKE I SAID, IT'S NOT AN APPROVAL DISAPPROVAL, IT'S JUST, YOU KNOW, WE WANT SOME, SOME INPUT.
MAKE SURE THAT WE'RE IN THE RIGHT DIRECTION.
UM, AND THEN WE NEED TO GET IT TO CAO EARLY ENOUGH.
WE NEED TO GET IT TO OUR COUNSELOR EARLY ENOUGH.
SO REALLY IT'S JUST AN, AN EFFORT TO BE MORE PREPARED AND NOT RUSHING AT THE END TO, TO GET SOMETHING ON, ON THE SCHEDULE.
AND ONCE THAT'S COMMUNICATED OUT TO EVERYONE, ALL SET THE TIME AND WE COULD BE A LITTLE MORE EFFICIENT HERE.
YOU KNOW, A GREAT TEMPLATE FOR THAT, I'M SURE YOU'VE SEEN IT, IS UH, WHEN YOU FILE A ZONING CASE IN DALLAS, IT SAYS IF YOU FILE IT HERE, THERE'S LIKE 12 THINGS THAT HAVE TO HAPPEN.
EVERYTHING, LIKE FROM STAFF REVIEW TO THEN IT GOES TO C DC THEN IT COME AND IT, AND, AND IT POPS OUTTA DATA ON THE OTHER SIDE AND YOU'RE LIKE, OH MY GOD.
YOU KNOW, SO I'M NOT SAYING TO RECREATE THE WHEEL, BUT SOMETHING LIKE THAT WOULD BE, YOU KNOW, IT COULD, IT TAKES SOME PRESSURE OFF YOU GUYS, QUITE FRANKLY.
SAY, LOOK, HERE'S HERE'S WHAT WE HAVE, HERE'S WHAT YOU HAVE TO DO.
WELL, I THINK TO THE EXTENT THAT WE'RE TRYING TO DO THAT SAM'S CALENDAR THAT INCLUDED YOU, IT PRETTY MUCH LAYS OUT DOING WHAT WE WANT.
SO WE HAVE TO SUBMIT BY THE STATE YOU ON THAT MEETING.
YOU HAVE TO BE, WELL, YOU HAVE TO HAVE YOUR MOU PRETTY MUCH AGREED TO VERBALLY TO PRESENT TO THE REAL ESTATE COMMITTEE.
AND THEN ONCE YOU PRESENT TO THAT COMMITTEE OKAY, WE CAN, WE CAN MAKE SURE THAT IT'S COME TO THE FULL BOARD.
THAT'S, THAT'S WHAT WE'RE ATTEMPTING.
RIGHT? WE CAN TWEAK IT IF NEEDED.
BUT, UH, I THINK IT'S A GOOD START AND I JUST CHIME IN.
UH, UH, I HAPPEN TO ATTEND, UH, THE REAL ESTATE COMMITTEE AS REPRESENTATIVE FROM DISTRICT 14 ABOUT THE, UH, NORTH HALL DEVELOPMENT.
AND IT REALLY, I, I HAVE, YEAH, I ECHO WHAT YOU'RE SAYING.
IT, IT WAS NICE TO HEAR ABOUT IT, THE FULL DETAILS UP FRONT AS OPPOSED TO AT THE MEETING.
THAT WAY I COULD, YOU KNOW, CALL AND BE IN CONTACT WITH, UH, MAKE SURE THAT THEY HAD SPOKEN WITH, UH, YOU KNOW, THE DISTRICT 14 COUNCIL REP, WHICH THEY HAD.
AND, UM, I COULD ALSO GO BACK TO THE DISTRICT 14 COUNCIL REP, UH, WITH ANY QUESTIONS OR COMMENTS AND, UH, LET HIM KNOW MY THOUGHTS.
SO I, I LIKE THE WAY IT WORKS AND THANK YOU'ALL FOR, UH, GETTING THAT PUT TOGETHER.
UH, CHAIR BLANKENSHIP, I DON'T KNOW IF HE'S ON THERE NOW, BUT I THINK HE HAD MESSAGED THAT HIS, HIS COMPUTER WAS DONE BACK ON, BACK IN IT'S OKAY.
NONE OF THESE ARE VOTING ITEMS, SO YEAH.
IT'S JUST THAT, UH, IN, UH, SINCE PRIME IST ON, I'LL JUST, I'LL MAKE THIS POINT, UM, THAT WITH THE REAL ESTATE COMMITTEE, 'CAUSE I'M ONE OF THE MEMBERS, UM, OF COURSE PRIME IS THE, UH, CHAIR AND THEN CHRISTIAN IS VICE CHAIR.
UM, EVERY DEAL THAT WE SEE IN THE REAL ESTATE COMMITTEE WILL SHOW UP TO THIS FULL BOARD.
UM, AND THAT, THAT'S A REALLY IMPORTANT POINT THAT ALL THREE OF US WERE ALIGNED ON.
I KNOW, UM, PRESIDENT POCA WAS ALIGNED WITH THAT.
UM, WE WON'T TAKE A VOTE ON THOSE.
I'M NOT SAYING THAT THE DEVELOPER WON'T WITHDRAW THEIR, UM, APPLICATION, UM, BUT THERE'S NO VOTE BEING TACK TAKEN INTO THE REAL ESTATE COMMITTEE.
THE FULL BOARD WILL SEE THE, THE PROJECT.
IT'S AN OPPORTUNITY TO, AND I THINK THAT'S WHY IT'S REALLY IMPORTANT FOR THE DISTRICTS, UM, UH, BOARD MEMBER TO JOIN IF THEY'RE AVAILABLE.
UM, BECAUSE THAT'S A CHANCE TO THINK THROUGH SOME OF THESE THINGS AND, AND, UH, AND IT'S, UH, AND THINK THROUGH IT ON, YOU KNOW, INCOME RESTRICTION, THE, THE, UM, THE CASH FLOW, THE REVENUE PAYMENTS, ALL THAT GETS STUFF AND MAKE SURE IT FITS, UM, AND TWEAK IT WHERE, WHERE WE CAN BEFORE IT GETS TO THIS FULL BOARD AND, UH, AND GIVE EVERYBODY A, A BETTER CHANCE OF SUCCESS.
SO, UH, THAT, THAT WAS REALLY IMPORTANT I THINK TO US, AND CERTAINLY TO ME THAT THIS FULL BOARD KNOWS EVERYTHING'S COMING HERE.
ANYMORE QUESTIONS OR COMMENTS ABOUT ITEM NUMBER 11? I, ITEM NUMBER 10, SEEING NONE, WE MOVE TO ITEM NUMBER 11, BRIEFING REGARDING THE DPSC COMMUNITY OUTREACH COMMITTEE, DEVELOPER WEBSITE REVIEW MEETING, UH, SAM AND CHAIRMAN
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WINTERS.ALRIGHT, I'LL START TO STOP HERE, KEVIN.
SO WE HAD A, UH, MEETING WITH SOME, SOME OF OUR DEVELOPMENT PARTNERS, UH, ABOUT HALF OF 'EM THAT COMMITTED SHOWED UP.
UM, AND WE JUST WALKED THROUGH EVERY PAGE ON THE WEBSITE, UH, TO GET THEIR FEEDBACK ON, UH, HOW THEY THOUGHT IT WOULD LOOK FROM A DEVELOPMENT PERSPECTIVE.
AND, AND ALSO ASKED HOW THEY WOULD THINK, YOU KNOW, AS A GENERAL COMMUNITY MEMBER OR SOMEONE LOOKING FOR, UH, A PLACE TO LIVE WOULD, UH, USE THE WEBSITE.
UH, WE HAVE A FAIR AMOUNT OF, UH, UH, FEEDBACK.
A LOT OF IT WAS, WAS REALLY GOOD, UM, BUT IT WAS A SMALLER GROUP AND, AND, AND IT WENT VERY WELL.
UH, DESPITE IT BEING A SMALLER GROUP.
I THINK WE DID, UH, FLEX SOME, SOME GOOD STUFF THAT WE MAY IMPLEMENT, UH, TO REALLY JUST KIND OF DEPENDS ON BUDGETING AND THINGS OF THAT NATURE, BUT WE'RE TRYING TO PLAN ANOTHER, UH, COMMUNITY OUTREACH COMMITTEE MEETING TO RUN THROUGH ALL THE SUGGESTIONS AND THEN IMPLEMENT THEM.
UM, BUT OTHER THAN THAT, UH, THAT'S MY PRIMARY UPDATE ON, ON WHERE WE ARE WITH THAT.
KEVIN, DO YOU HAVE ANYTHING TO ADD? YEAH, LIKE I SAID, I JUST A COP.
I, I THOUGHT WE HAD A REALLY GOOD GROUP.
IT WAS, I THINK THE, THE RIGHT SIZE OF ATTENDANCE.
UM, THERE WEREN'T TOO MANY COOKS IN THE KITCHEN.
UH, BUT YEAH, THERE WERE SEVERAL SUGGESTIONS.
I, I THINK FROM A, UH, FROM OUR INITIAL BUILD OUT, WE KIND OF REALLY KIND OF, YOU KNOW, WE, WE BUILT HALF THE WEBSITE FOR DEVELOPERS, HALF OF IT FOR RESIDENTS IN THE PUBLIC.
AND I THINK WE PUT A LOT OF EFFORT INTO THE, THE RESIDENT SIDE OF IT.
SO IT WAS REALLY GOOD TO KIND OF GET THAT ADDITIONAL FEEDBACK FROM THE DEVELOPERS ON WHAT TOOLS THEY'RE LOOKING FOR, UH, TO ABLE TO HELP THEM AND, UH, AND THEIR OTHER PARTNERS IN THE COMMUNITY BE ABLE TO LEVERAGE MORE OF THE, THE PFC OPPORTUNITY AS WELL.
UM, SO IT, LIKE I SAID, IT'S SOMETHING WE, WE WON'T TAKE ALL SUGGESTIONS 'CAUSE SOME OF 'EM WE, WE REALLY KIND OF NEED TO VET A LITTLE BIT FARTHER, BUT I, I THINK THE, AS FAR AS THE NEXT ITERATION OF THE WEBSITE GOES, UM, IT'S REALLY GONNA BE, LIKE I SAID, MORE, UH, DEVELOPER RESOURCE HEAVY, UH, SO THAT WE CAN MAKE SURE THAT WE'RE, WE'RE REALLY HELPING OUT ALL OF OUR USERS OF THE WEBSITE.
OH, JUST ONE THING TO ADD, UM, THAT IT WAS PRETTY MUCH AGREED ON BY ALL OF THE, UH, DEVELOPMENT PARTNERS AND PROPERTY MANAGERS THAT WE HAD ON THE MEETING, THAT THIS WAS THE BEST GOVERNMENT ENTITY WEBSITE THAT THEY HAD SEEN
SO, UH, YOU KNOW, THANK YOU FOR THE CLEAR DIRECTION, UM, FROM THE COMMUNITY OUTREACH COMMITTEE TO BE ABLE TO IMPLEMENT THAT.
UH, I THOUGHT THAT WAS PRETTY COOL TO HEAR.
I JUST THOUGHT I'D SHARE THAT WITH YOU GUYS AND THEY COULD HAVE BEEN TOOTING OUR HORN.
I DON'T KNOW, BUT IT WAS SAID AND AGREED TOO, SO I'LL TAKE IT.
OKAY, MOVING ON TO ITEM NUMBER 12, REVIEW AND DISCUSSION OF THE DPSC TREASURER'S REPORT.
SAM AND, UH, MISS, MISS, UH, SHANNON ANDRE.
YEAH, I'LL TURN IT OVER TO, UH, SHANNON HERE.
SO, UM, FOR AUGUST, AUGUST WAS AN INTEREST, Y'ALL HAD A CLOSING WITH LOMA AS WELL AS THIS WAS THE FIRST, UM, THE FIRST MONTH ON WHICH, UH, YOUR H THE PSC HAS ACTUAL EMPLOYEES.
SO YOU DON'T SEE ANY REALLY DIFFERENCE IN THE WAY WE REPORT IT.
IT'S STILL SALARIES IN THE EXPENSES, BUT JUST KNOW THAT, UM, THERE'S A RE A REDUCTION IN, IN ESTIMATES NOW THAT WE HAVE, UH, UH, THESE EMPLOYEES ON.
BUT THE PFC GOING FORWARD, UM, AS YOU CAN SEE, IF YOU'VE LOOKED AT THE TREASURER'S REPORT WITH THAT LOMA CLOSING THAT GAVE Y'ALL, UM, BASICALLY A $536,000 BOOST IN CASH, YOUR CASH BALANCE AS OF THE END OF AUGUST WAS, UH, ROUGHLY $4.4 MILLION.
AND, UM, JUST SO YOU KNOW, YOUR, YOUR MONEY MARKET ACCOUNT ACTUALLY HAD AN INCREASE, UH, A LITTLE BIT IN INTEREST RATES FROM 3.04 TO 3.44 IN AUGUST.
AND SO THAT IS WHERE THE MAJORITY OF THAT CASH AND CASH EQUIVALENT SITS.
YOUR, UM, TOTAL INCOME AND EXPENSES FOR THESE EIGHT MONTHS ENDED AUGUST 31ST, TOTALED 952,000 FOR REVENUE LESS THAN THREE, ROUGHLY 3 98 K IN EXPENSES FOR A NET CHANGE IN FINANCIAL POSITION FOR THE PFC FOR THESE EIGHT MONTHS OF $554,479.
[00:30:02]
SO, UM, A GOOD EIGHT MONTHS QUESTIONS I, I'LL JUST ASK.SO, UH, WELL, I GUESS IT MIGHT BE SAM, SO THE PROFESSION, UH, SECURITY SERVICES PARK AT NORTH POINT IS, THAT'S 166,715.
WHAT IS THAT YOU SAID FOR THE, ON THE, SORRY, I SKIPPED TO THE NEXT ITEM.
THE, UH, IT'S ON HERE YOU SAID SECURITY SERVICES MM-HMM
YEAH, THAT'S WHAT WE'RE SEEING CODED BEING PAID FOR SECURITY SERVICES FOR THIS ONE PARTICULAR, UM, APARTMENT COMPLEX PARK AT NORTH POINT.
YEAH, THOSE WILL ALL BE REIMBURSED.
SO THAT'S THE AMOUNT THAT WE HAVE REIMBURSED AT CLOSING ON THURSDAY.
I, I SEEN MORE, BUT THAT WAS JUST THROUGH AUGUST.
SO THAT'S A, A SIGNIFICANT AMOUNT THAT WILL BE REIMBURSED.
SO WE SHOULD BE GETTING ALL OF THAT MONEY BACK ON THURSDAY.
AND, UH, THAT'S I, AND I BELIEVE I'D ASK THAT'S ALL THAT'S BEEN, UH, COMMUNICATED TO THE TITLE COMPANY.
SO THAT WILL BE, UH, TRANSFERRED AT CLOSING.
AND, AND, UH, YOU KNOW, THIS WEEK WILL ALSO WILL COME AFTER CLOSING MOST LIKELY, UM, UNLESS THE CLOSING HAPPENS IN THE AFTERNOON, BUT JUST THE COST FROM MONDAY TO TO FRIDAY WILL BE REIMBURSED, UH, AFTER CLOSING MOST LIKELY, UNLESS IT'S A, AN AFTERNOON CLOSE.
BUT YEAH, ALL, ALL THE REST OF IT, UH, AND, AND ADDITIONAL EXPENSES THAT THE DPFC HAS INCURRED, UH, FOR FENCING AND CLEANUP AND THINGS OF THAT NATURE, UH, WE WILL, WE'LL DEFINITELY BE GETTING THAT ALL BACK.
THERE'LL BE ANOTHER NICE CHUNK TO CHANGE THAT CAR.
THAT WAS A LONG JOURNEY AS WELL.
UM, ANY OTHER QUESTIONS OR COMMENTS OF THE TREASURE'S REPORT? PLEASE RAISE YOUR HAND IF YOU'RE LINE SEEING NONE.
UH, MOVING ON TO ITEM NUMBER 13, DPFC PIPELINE REPORT BRIEFLY IN DISCUSSION, MR. MCDANIEL.
OKAY, SO NOTHING REALLY CHANGED IN THE LEASING FOR THIS MONTH.
UM, UNDER CONSTRUCTION, WE'RE STILL SITTING, UH, VERY SIMILARLY.
UH, AS FAR AS THE, UH, STUFF IN FULL APPROVAL WE SHOULD BE SEEING, UH, PROOF BRIEF COME THROUGH, MOST LIKELY BY THE END OF THE YEAR, UH, TO FULLY, UH, CLOSE.
AND THEN WE MOVE IT UP TO UNDER CONSTRUCTION, UM, AND PRELIMINARY APPROVAL.
WE HAVE HEARD BACK FROM, UH, FOLKS MATCHUPS AND
UH, BUT THEY'RE, THEY'RE LOOKING TO GET A GAP FUNDED.
UM, BUT APPARENTLY THEY HAVE STARTED THAT PROCESS.
UM, AND THEN AS FAR AS NEW PROJECTS, WE SHOULD HAVE THREE PROJECTS FOR YOU GUYS, UH, TO REVIEW NEXT MONTH.
THREE THREE, MOST LIKELY AT LEAST TWO.
WE WILL ALL BE IN ONE OF THEM.
PAUL STREET BEING ONE OF THEM.
PAUL STREET BE IN ONE OF THEM.
ALL DEPENDING ON WHETHER OR NOT WE CAN AGREE ON THAT.
BUT WE HAVE THREE IN THE WORKS.
THIS WAS A VERY QUICK MEETING, BUT NEXT MONTH MAY NOT BE.
UM, I DRIVE BY IT EVERY DAY, SO I'M JUST GONNA ASK THE LBJ DEAL AT MONTFORD.
I THINK YOU CALL IT, YOU CALL IT HSR, THEY'VE STARTED DEMO WORK.
SO I DON'T KNOW IF THAT'S GOOD OR BAD OR GOOD.
I'M NOT, I'M NOT HERE TO TELL ON THEM, BUT I, YOU KNOW, SINCE THEY DON'T HAVE FULL APPROVAL JUST OF IT DIDN'T BECOME AN ISSUE.
THEY, THEY WERE PREPARED TO THE IDEA OF, OF THAT NOT BEING OFFICE, REGARDLESS OF WHETHER OR NOT WE, WE COME TO, TO, YEAH.
UM, THEY, THEY'VE DONE THE RESEARCH, THEY'LL DO AT SB EIGHT 40.
THEY HAVE TO YEAH, ABSOLUTELY.
BUT YEAH, THEY'RE JUST DOING THE, I BELIEVE AT THIS POINT IN TIME, JUST THE INSIDE THAT STARTED BRINGING IT DOWN THE OUTSIDE.
UM, SO YEAH, I WAS JUST CURIOUS.
YEAH, YOU TALKED, WE ACTUALLY TALKED ABOUT THIS, WAS IT YESTERDAY? YEAH, I DON'T REMEMBER.
UM, BUT WE'RE, WE'RE GONNA START ON NEGOTIATING THOSE FINAL DOCUMENTS AND BRING IT TO YOU BY THE YEAR.
I'M NOT POINTING FINGERS AT YOU GUYS.
I'M POINTING FINGERS AT THE DEVELOPER.
THEY BETTER, THEY BETTER SHOW UP AGAIN HERE.
WELL THAT, THAT WAS THE CONVERSATION YESTERDAY.
THEY, THEY'RE LIKE, HEY, WE WANNA GET GOING ON THIS.
AND THEY'RE LIKE, WELL, DO YOU HAVE EVERYTHING PUT TOGETHER? THEY'RE LIKE, WELL, WE'RE WILLING TO TAKE THE RISK, SUSAN.
ANY OTHER QUESTIONS OR COMMENTS ABOUT THE PIPELINE? HEARING NONE.
MOVING ON TO ITEM NUMBER 14 AND THANK YOU ALL DOES SUCH A VERY GOOD JOB TODAY.
[00:35:01]
A MOTION TO ADJOURN? MOTION.SECOND STATES MARSHALL AND MOTION SECONDED.
ALL IN FAVOR TO ADJOURN THE MEETING TODAY.
THE SEPTEMBER 23RD, 2025 MEETING OF THE DALLAS PUBLIC FACILITIES CORPORATION IS HEREBY ADJOURNED AT 1239.