* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. UH, [00:00:01] 5:36 PM. [ Call Meeting to Order] I CALL THE MEETING TO ORDER. PLEASE STAND UP FOR THE PLEDGE. I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES UNDER GOD, INDIVISIBLE WITH LIBERTY AND JUSTICE. ALL RIGHT, IS THAT OBSESSION? [ EXECUTIVE SESSION Closed (Executive) Session of the Addison City Council pursuant to: Section 551.071, Tex. Gov. Code, to conduct a private consultation with its attorney pertaining to: G J Seeding, LLC v. FNH Construction, LLC and Hudson Insurance Company, Cause No. DC-20-11409, 134th Judicial District, Dallas County, Texas. Bigelow Arizona TX-344, Limited Partnership D/B/A Suites of America and/or Budget Suites of America v. Town of Addison, Cause No. DC-19-09630, 191st Judicial District, Dallas County District Court. Section 551.074, Tex. Gov. Code, to deliberate the appointment, employment, evaluation, reassignment, duties, discipline or dismissal of a public officer or employee, pertaining to: Review and Consider for Action Information from Mosaic Partners Regarding the Town's City Manager Selection Process.] IS THAT IN CROW'S EXEMPTS? EXACTLY. OBSESSION OF THE ETHNICITY COMES UP PURSUANT TO SECTION 5 0 1 0 7 1 TESLA'S GOVERNMENT CODE TO CONDUCT A PRIVATE CONSULTATION WITH HIS ATTORNEY FOR GETTING TO LLC VERSUS F H CONSTRUCTION LLC, AND A HUSTLER INSURANCE COMPANY CALLS NUMBER OF DC 21 1 4 0 1. . SECOND ITEM IS BIG, A LITTLE ARIZONA, TEXAS 3 44 LIMITED PARTNERSHIP, DBA SUITES AND OR, BUT THE SUITES HAVE A MICHAEL NUMBER D C 19 0 9 6 3 0 1 90 FIRST. JUDICIAL DISTRICT WAS COUNTY DISTRICT COURT THEN ASSERT IT ON THE SECTION OF 5 0 1 7 4 TESTS, GOVERNMENT TO DELIBERATE THE APPOINTMENT, EMPLOYMENT EVALUATION, AND WE ARE ASSIGNMENT DUTIES, DISCIPLINE OR DISMISSAL, PUBLIC OFFICER OR EMPLOYEE, PRETENDING TO REVIEW AND CONSIDER WHAT ACTIONS INFORMATION FROM MOSAIC PARTNERS REGARDING THE LBS CITY MANAGER'S SELECTION PROCESS RIGHT NOW IS 5:38 PM. WE ARE INTO EXECUTIVE SESSION HERE AGAIN, WHY NOT A 6 26, 20 [ Reconvene in to Regular Session: In accordance with Texas Government Code, Chapter 551, the City Council will reconvene into Regular Session to consider action, if any, on matters discussed in Executive Session.] 3:00 PM. WELL AS SITTING EXECUTIVE SESSION ITEM [1. Present and Discuss Texas Municipal Retirement System Cost of Living Adjustment Options and the Proposed Annual Budget and Tax Rate for the Town of Addison for Fiscal Year 2023 (Beginning October 1, 2022 and Ending September 30, 2023).] NUMBER ONE, WORK SESSION, PRESENT DISCUSS TEXAS MUNICIPAL RETIREMENT SYSTEM COST OF LIVING ADJUSTMENT OPTIONS AND THE PROPOSAL ANNUAL BUDGET AND TAX RATE FOR THE EDISON AND THE FISCAL YEAR 2023, BEGINNING OCTOBER 1ST, 2022 AND ENDING SEPTEMBER 30 IN 23. YES, WE ARE A COUNCIL TONIGHT. WE HAVE ANTHONY MAILS BACK WITH US FROM, UH, THE TEXAS MUNICIPAL RETIREMENT SYSTEM. ANTHONY IS THE DIRECTOR OF CITY SERVICES FOR TMR IS HERE TO CONTINUE OUR DISCUSSION FROM THE LAST MEETING. AFTER HE FINISHES HIS PRESENTATION, IT WILL BE FOLLOWED BY PRESENTATION FROM STEVEN GOODMAN, CHIEF FINANCIAL OFFICER, BUT WE TO TURN IT OVER TO ANTHONY AND WE'LL GET STARTED PRETTY FAR. UH, I WILL TAKE OFF WHERE WE MIGHT GO OVER SOME OF THE ITEMS. UH, AND THIS LATER, AS YOU HEARD FROM PASSION, YOUR CHIEF FINANCIAL OFFICER WILL HAVE ADDITIONAL RIGHT INFORMATION RELATED TO THIS TOPIC IS GOING INTO MORE DETAIL JUST TO REMIND YOU THE COS AND PLAN DESIGN HAS BEEN A LOCAL FEATURE SINCE 1977. IT IS LOCAL CONTROL. YOU DECIDE WHAT YOUR PLAN SHOULD LOOK LIKE, AND THIS IS JUST A SNAPSHOT OF THE CITY'S PLAN. AND IT IS THAT COST OF LIVING THAT THE COUNCIL IS CONSIDERING GOING FORWARD. AS WE DISCUSSED IN THE LAST MEETING, THERE HAVE BEEN CHANGES THAT HAVE TAKEN PLACE, UM, THAT MAY HAVE HAD SOME INFLUENCE ON DECISIONS THAT HAVE BEEN MADE HERE AT CONSIDER. UM, BUT HISTORY, NOT JUST WHAT MATTERS CHANGES THAT HAVE BEEN MADE AT TRS THAT INCLUDE SOME OF THE DECISIONS THAT WERE MADE WITH HOW THE CM MINISTER IN PARTICULAR, THE COLA PROVISION. I'LL JUST WANT TO REMIND YOU THAT FROM 1994, THROUGH 2008, THEY HAD ADOPTED A TOTAL PROVISION. AND WHAT ABOUT ON A REPEATING BASIS EVERY YEAR? WHEN WAS THE RETURN FEATURE GETTING A PLACE? AND THEN FROM 2009, THE CITY CONTINUED TO ABOUT 70% COLA ON AN AD HOC BASIS. THIS WAS TRULY A CONTINUATION OF THE SAME BENEFITS THAT BEEN OFFERED THROUGH RETIREES FROM 1994 TO 2008. BUT WHEN YOU RAN [00:05:01] FROM 2009 TO POINT 15, ADOPTING IT ON AN AD HOC BASIS, ONE OF THE MOST CRITICAL CHANGES IS THAT THE CITY WILL NO LONGER ADVANCE FUTURE COST OF LIVING ADJUSTMENTS. YOU WERE FUNDING COAL OF ONE YEAR AT A TIME, AND IT MEANT THAT AS TIME DROVE ALONG THE COST OF THOSE COLORS, WHICH CONTINUE TO CREEP UPWARD, AND YOU WOULD NOT BE SETTING ASIDE FUNDS FOR FUTURE COSTS OF LIVING ADJUSTMENTS FOR THE WORKFORCE. AND THEN FROM 2016 UNTIL PRESENT ADAMSON HAS NOT ABOUT THAT. A COST OF LIVING ADJUSTMENT OF ANY SORT. AND WHEN YOU LOOK AT SOME OF THE HISTORY IN PMRS, YOU CAN SAY HOW THE COUNCIL'S DECISION HERE AS THE TOWN CHAD COULD HAVE BEEN INFLUENCED BY IN 2007 CMRS MODEL MODIFIED THE LINKS THAT WE USE AND THE ACTUARIAL FUNDING METHODOLOGY, WHERE WE BEGAN WORKING AT FEATURES LIKE COST OF LIVING IN CITIES LIKE MADISON, THESE SPEAKERS ON A REPEATING ORDINANCE, WE NAMED RENTAL WARRANT MORE TRANSPARENT IN SHOWING OUR CITIES WHAT THOSE FUTURE LIABILITIES AWKWARD GET THE WALKWAY. WHEN WE CLOSE THE AMORTIZATION SCHEDULE FOR THOSE LIABILITIES, INSTEAD OF RESETTING THEM EACH YEAR, WHAT'S THAT MEANT FOR OUR CITY? WHY IS THAT? THOSE FEATURES LIKE GINA, WELL, THOSE COSTS INCREASE MORE THAN THEY EVER HAD HISTORY IN TLRS IN SOME CITIES DECIDED EVEN AS THEY WERE GOING TO LOWER THE PERCENTAGE, OR THEY WERE GOING TO TURN OFF THE COLA ALTOGETHER WHEN ADDISON HERE AND YOU CAN SEE WHEN SHE DECIDED WE'RE GOING TO CONTINUE TO ADVANCE CONSTANT LIVING ADVANCEMENTS, WE'RE GOING TO TAKE THIS ONE YEAR AT A TIME. AND THEN YOU CAN SEE I'M GOING TO SHIFT A COUPLE OF BULLET POINTS DOWN TO GADSBY CHANGES THAT TOOK EFFECT IN 2014, WHERE THE GOVERNMENT ACCOUNTING STANDARDS BOARD, WHEN THEY MAKE CHANGES TO THE WAY THAT PUBLIC LANDS LIKE TAMAR IS SHOW BENEFITS. LIKE OUR COLA'S COULD BE WHAT WE WOULD CALL NOW, SOMETHING FULLY AUTOMATIC IN EFFECT, THOSE STANDARDS NOW REQUIRED THAT CITIES THAT ARE ADOPTING ON A PERIODIC BASIS, ROUTINELY, THAT THEY SHOW UP ON YOUR FINANCIAL STATEMENTS AS IF THEY ARE REPEATING AND I SHOULD NOT CHARGE, BUT YOU CAN EASILY SEE HOW THAT COULD HAVE BEEN INSTRUCTED THROUGH YOUR COUNSEL THERE, SAY, IF THIS IS GOING TO SHOW UP AS SOMETHING DIFFERENT, AND IT WAS AROUND THAT TIME THAT YOU THOUGHT THAT ADDISON TURNED OFF THE COLA AND WAS NOT TURNING IT ON SINCE THAT TIME. NOW THAT MEANS THAT FOR THE FOLKS WHO HAVE RETIRED FROM THE TOWN OF MADISON AND FOR WILL RETIRE FROM THE TOWN OF ADDISON, THERE HAS BEEN NO PROGRESS MADE TO BRING ANY TYPE OF COST. AND IN OUR LAST MEETING, WE DISCUSSED HERE IN THIS CHAMBER THAT IT IS NOW TIME, THAT YOUR FOLKS WHO HAVE RETIRED, THE CATS THAT YOU CONSIDER A COST OF LIVING ADJUSTMENT. AND THAT IS SOMETHING THAT YOUR COUNCIL IS NOW CONSIDERING. WHEN YOU LOOK AT HOW ADDISON COMPARES TO YOUR PEER CITIES, WE PULLED TOGETHER THIS LIST OF CDC AND THE METROPLEX, AND YOU CAN SEE THAT ADDED SOME FLOWER MOUNT AND UNIVERSITY PARK IN PARTICULAR. THESE ARE THE THREE CITIES THAT YOU WOULD PROBABLY CONSIDER PEER CITIES, BUT OF THESE THAT ARE LISTED IT'S ADDISON FLOWER, MOUNT UNIVERSITY PARK THAT DO NOT HAVE COST OF LIVING ADJUSTMENTS ON THE RETAINING ORDINANCE, AND THEN NOT GRANT, UH, COST OF LIVING ADJUSTMENT, UM, ADDED SOME EXPENSES, THE 2015 FLOWER MAN IN 2007, IF YOU RECALL THE BULLET POINTS THAT WE JUST WALKED THROUGH, [00:10:01] THE CHANGES THAT DEALERS, YOU CAN SEE HOW THAT MAY HAVE BEEN SOME INFLUENCE ON THE DECISION THERE. FLOUR MILL AS WELL, UNIVERSITY PARK HAS NOT GRANTED A COLA SINCE 29, AND THEY ADOPTED IT ON A ONE-TIME BASIS AND WAS NOT BRANDED ONE SINGS. YOU CAN SEE HOW YOU COMPARE WHEN YOU LOOK AT THE OTHER MAJOR PLAN PROVISIONS. ADDISON IS RIGHT IN LINE WITH ALL YOUR PEER CITIES, AND IT'S JUST WHEN YOU GET TO THE COLA, UM, THAT'S WHERE YOU FLOWER MOUND IN UNIVERSITY PARK. UM, HAVE NOT GRANTED THOSE AS WE DISCUSSED IN OUR LAST SESSION, UM, WE HAVE PULLED TOGETHER FOR YOU, THE COMPARISON OF ALTERNATE BENEFIT DESIGNS, WHERE YOU HAVE COST OF LIVING ADJUSTMENT AND WHAT THESE STUDIES SHOW YOU IS, HOW IT AFFECTS YOUR PLAN FINANCIALS AND WHAT WE DONE HERE. THAT'S A LITTLE DIFFERENT THAN YOU SAW IN OUR LAST MEETING. I'VE BROKEN APART. EACH OF THE PLAN OPTIONS THAT'S AVAILABLE FOR THE COST OF LIVING ADJUSTMENTS. YOU HAVE A COLA ON A 30%, 50% OR 70% OF THE CHANGE IN CPI BASIS ON AN AD HOC BASIS OR ON A REPEATING BASIS. SO THE SIX DIFFERENT OPTIONS THAT ARE AVAILABLE TO YOU, WE'RE SHOWING YOU YOUR CURRENT PLAN AND HOW EACH OF THOSE PLANS WOULD AFFECT YOUR PLAN. FINANCIAL. YOU'RE LOOKING AT RIDES NOW ADOPTING ON THIS COMPARISON, YOU'RE LOOKING AT A 30% AD HOC. AND IF WE THROW THROUGH THESE, YOU CAN SEE THAT 50% AD HOC COLA. YOU CAN SEE HOW IT AFFECTS YOUR PLAN FINANCIALS DIFFERENTLY THAN THE PREVIOUS 30%. AND WHEN YOU LOOK AT 70%, YOU CONTINUE TO SEE HOW IT'S AFFECTING THOSE PLAN FINANCIALS. THESE ARE ALL INCLUDED IN YOUR PACKET. WHEN YOU GO INTO THE NEXT STORY OPTIONS, YOU'RE LOOKING AT REPEATING COLOS. IF YOU WERE TO ADOPT IT ON A REPEATING OR NAMES, NOW YOU'RE TALKING ABOUT, AND I WANT TO REMIND YOU, YOU'RE NOT JUST PUTTING A COLA IN PLACE FOR CURRENT RETIREES, BUT YOU'RE ALSO ADVANCED FUNDING, THE FUTURE COLORS FOR THOSE RETIREES. AND YOU'RE ADVANCED ON BEING FUTURE COLES FOR YOUR CURRENT WORKFORCE. WHEN YOU LOOK AT YOUR REPEATING, ONE OF THE ITEMS I, THAT WILL MAKE SURE THAT, YOU KNOW, LOSE SIGHT OF YOU HAVE YOUR NORMAL COST IN YOUR PRIOR SERVICE RATE, THAT MAKES UP YOUR TOTAL ATAC OR YOUR ANNUALLY REQUIRED CONTRIBUTION RATE, THE ANNUALLY DETERMINED EMPLOYER CONTRIBUTION RATE THAT RIGHT. WHAT'S STAY STEADY ON TILL YOU GET TO THE END OF THAT CLOSE AMATORIZATION SCHEDULE. AND WHEN YOU'RE GETTING TO THE END OF THAT SCHEDULE, I WANT TO REMIND YOU THAT IN A REPEATING OPTION, YOU WOULD THEN SEE THE PRIOR SERVICE RATE WOULD GO TO ZERO AND YOU WOULD FALL BACK TO YOUR NORMAL COST THEREABOUT. SO WE WOULD EXPECT THAT TO BE ABOUT THAT 10%, RIGHT? AND YOUR RIGHT WOULD STAY STEADY FOR THE DURATION. AND THAT IS SOMETHING I WANT TO MAKE SURE THAT WE KEEP IN MIND, AS WE CONTINUE TO LOOK AT YOUR OPTIONS UNDER THE REPEATING COLA'S. NOW YOU'RE LOOKING AT A 50% REPEATING COLA, AND YOU CAN SEE THE NUMBERS CONTINUE TO LOOK VERY DIFFERENT THAN THEY DO UNDER THE AD HOC, BECAUSE YOU'RE DOING SOMETHING VERY DIFFERENT AND YOU'RE 70% REPEATING COLA. THIS IS WHAT ULTIMATELY YOU WOULD BE LOOKING AT. IF THE CITY WERE TO GO BACK AND TAKE THE STAMPS THAT YOU HAD FROM 2009 TO 2015, WHERE YOU ADOPTED AD HOC, YOU WOULD BE LIKE LOOKING AT SHOWING ON YOUR FINANCIAL STATEMENT. SOMETHING THAT LOOKS CLOSER TO THE UNFUNDED ACTUARIAL ACCRUED LIABILITY OF ABOUT 40 MILLION VERSUS WHAT YOU'RE SHOWING NOW AND WHAT YOU'RE ACTUALLY PAYING FOR, WHICH IS AN A ONE TIME AD HOC COLA EVERY YEAR WITH THE ASSUMPTION THAT YOU'RE NOT GOING TO COME BACK AND ADOPT THE POLE UP AGAIN THE NEXT YEAR. [00:15:02] SO I WANNA MAKE SURE THAT WHAT YOU ALSO KEEP IN MIND. AND WE WERE ASKED THIS DURING OUR LAST SESSION, AND WHAT POINT WOULD THE COST OF LIVING ADJUSTMENT IF WE WERE ADOPTING IT CONTINUALLY ON AN AD HOC BASIS VERSUS A REPEATABLE BASIS? WHAT'S THAT CROSSOVER, OUR INTERNAL ACTUARY RAN THE NUMBERS. AND WHAT YOU'LL SEE IS AROUND THE YEAR 2031 IS WHEN WE WOULD EXPECT TO SEE THOSE ANNUALLY ADOPTED AD HOC COLOS TO CROSS OVER WHERE YOUR RATE WOULD START TO BE HIGHER. YOU'D HAVE A HIGHER RATE FOR CONTINUING TO ADOPT THOSE AD HOC. COLA'S GOING FORWARD THAN IF YOU WERE ADOPTING IT ON A REPEATING AND WHAT WE'RE COMPARING HERE, THE 50% REPEATING COLA, WHAT YOU DON'T SEE IS IF WE WERE TO TEAR THIS OUT A BIT FARTHER, YOU WOULD SEE THAT THAT BLUE LINE THAT IS GOING TO BE THE REPEATING THAT BLUE LINE. ONCE YOU HAVE FULLY FUNDED YOUR REPEATING COLA'S, THEN YOU WOULD SEE THAT RATE WOULD FALL DOWN TO THE NORMAL COST THAT I MENTIONED TO YOU EARLIER. AND THAT GOES IN LINE WITH CONTINUE TO INCREASE. THEY'RE NEVER GOING TO CROSS AGAIN. IT JUST CONTINUES TO INCREASE UNTIL YOU FINALLY GET TO THE PLACE THAT IT WOULDN'T BE THIS COUNCIL, BUT A FUTURE COUNCIL WOULD BE FACED WITH THE DECISION THAT UNLESS THE RULES, THAT PAGE AND HOW WE TALK DELAYED COLA, AND THAT WOULD HAVE TO BE CHANGED BY SADLY, A FEW OF YOUR ACCOUNTS WOULD HAVE TO FACE A DECISION AS TO WHETHER OR NOT THEY COULD AFFORD TO LOOK GOING FORWARD. SO THE DECISIONS THAT YOU'RE MAKING TODAY IS WHETHER OR NOT YOU'RE GOING TO COMMIT TO SOME TYPE OF COST OF LIVING ADJUSTMENT. AND AS I TOLD YOU IN OUR LAST MEETING, OUR RECOMMENDATION WOULD ALWAYS BE TO EVENTUALLY FIND YOUR WAY TO A REPEATING COLA AT A LEVEL THAT YOU CAN SUSTAIN. THAT IS THE MORE RESPONSIBLE APPROACH TO FUNDING COST OF LIVING ADJUSTMENTS. WITH THE WAY THAT THEY'RE CALCULATED IN TMR IS IF THE COMMITMENT IS THERE WITHOUT THAT, WHAT HAPPENS IS THE MORE YEARS THAT GO BY, THE MORE EXPENSIVE BUCHLAS WILL BECOME TO EVENTUALLY ADOPT AGAIN. AND IF YOU ADOPT THEM ON AN AD HOC BASIS, WHILE YOU MAY CATCH UP YOUR RETIREES WITH A COWORKER TODAY IN THE FUTURE, IF YOU CONTINUALLY ADOPT THOSE ON AN AD HOC BASIS, YOU'RE FACED WITH THE SAME DECISION. CAN WE CONTINUE TO AFFORD THIS? BECAUSE YOU'RE GOING TO SEE THOSE COSTS INCREASE AND SOMETHING ELSE THAT I DIDN'T WANT TO REMIND YOU OF. IF YOU WERE TO ADOPT A COLA ON AN AD HOC BASIS, THIS IS SOMETHING THAT YOU NEED TO BE AWARE OF. WE DID TALK ABOUT IT IN OUR LAST SESSION, IF YOU WERE TO ADOPT THAT COST OF LIVING ADJUSTMENT ON AN AD HOC BASIS. AND IF YOU WERE TO SAY ADOPTED ON A 70% AD HOC BASIS, YES, YOU WOULD PITCH EVERYONE WHO HAS NOT GOTTEN A COLA OVER THE LAST SIX YEARS. WHAT, WHAT HAPPENED IS IF A FUTURE COUNCIL DECIDED WE WON'T TO GET BACK TO A REPEATING COST OF LIVING ADJUSTMENT, WE UNDERSTAND WHAT IT WOULD TAKE TO FUND THAT. AND WE THINK THAT THAT IS THE MORE RESPONSIBLE APPROACH TO PAY. ONCE YOU'VE GONE TO THAT REPEATING LEVEL, IF IT IS NOT 70%, AND YOU CAN SEE FROM THE PREVIOUS SLIDE, WHAT THE 70% COUGHS LOOKS LIKE IF IT TURNED OUT TO BE LESS THAN 70%, 50% OR 30%, THEN YOU'RE LOOKING AT YOUR RETIREES, EVEN THOUGH YOU WERE ADOPTED OR A FUTURE COUNCIL WOULD HAVE ADOPTED IT ON A REPEATING ORDINANCE. YOU HAVE MANY RETIREES WHO WOULD NOT GET ANOTHER COST OF LIVING ADJUSTMENT FOR SEVERAL YEARS TO COME. AND SOME OF THEM WOULD NOT GET ANOTHER COST OF LIVING ADJUSTMENT BEFORE WE SEE THEM IN THE HEREAFTER. THAT IS JUST THE REALITY OF HOW THE COLA IS CALCULATED AND HOW IT WOULD PRACTICALLY AFFECT YOUR RETIREES AND DEPENDING ON HOW YOU ADOPT IT. SO YOUR QUESTION IS, WELL, WHAT DO YOU THINK [00:20:01] I'M SAYING, IF YOU ARE GOING TO MAKE THE COMMITMENT TO GRANT SOME TYPE OF COLA, IF LONG TERM YOU SEE THAT YOU'RE NOT GOING TO BE ABLE TO GET BACK TO 70% REPEATING RIGHT AWAY, THEN THE SUGGESTION WOULD BE TO NOT ADOPT A 70% AD HOC COLA, BECAUSE THEN YOU'RE GOING TO PUT YOUR RETIREES IN THE POSITION THAT THEY WOULD NOT GET A FUTURE POLO GOING FORWARD. THOSE WHO'VE BEEN RETIRED THE LONGEST AND MANY TIMES WILL BE THE VERY PEOPLE WHO WOULD NEED IT THE MOST. AND WITH THAT, I'LL TURN IT BACK OVER TO YOUR STAFF. SO MAYOR COUNSEL, IF YOU HAVE QUESTIONS FOR ANTHONY, OF COURSE, HE'S HEARING AVAILABLE AND YOU'RE GOING TO TURN THE PRESENTATION OVER TO STEVEN. SO I'LL SWITCH SEATS WITH HIM TO TALK MORE ABOUT THE FINANCIAL PIECE, UNLESS THERE'S QUESTIONS. I JUST HAD A QUICK QUESTION FOR YOU. CAN YOU GO BACK TO THE SLIDE WITH THE TOWNS ON THAT? DO YOU HAVE ANY IDEA? I'M JUST CURIOUS, LIKE WHAT DOWN THESE ARE FOR EACH OF THESE TOWNS. I MEAN, ROUGHLY IT'S HARD TO SAY, UM, WITHOUT ACTUALLY LOOKING THEM UP, I CAN EASILY GET THAT INFORMATION FOR YOU. I WILL TELL YOU THIS TMR IS AS A WHOLE, I THINK I MENTIONED THAT LAST, LAST TIME WE WERE HERE, WE WERE ABOUT 91% FUNDED SYSTEM-WIDE SO OUR CITIES IN THE METROPLEX, MOST OF THEM ARE WELL-FUNDED. I WOULD SUSPECT MORE THAN 85% FUNDED FOR MOST OF THESE CITIES, THEREABOUTS. OKAY. AND WE'RE RIGHT NOW, WE'RE AT NOTHING RIGHT AT 96. CAUSE WE DON'T HAVE IT. SO IF WE DO THE 30% REPEATING, CAN WE CHANGE THAT? YES. IF YOU WERE TO ADOPT A 30% REPEATING COLA, THE QUESTION IS, COULD YOU, IN THE FUTURE CHANGE THAT THE SHORT ANSWER IS YOU COULD A FUTURE COUNCIL COULD IMPROVE OR TURN THAT 30% OFF. OKAY. SO YOU CAN CHANGE. YOU CAN CHANGE TO AD HOC AND BACK AND FORTH. AND WHEN YOU, IF YOU DO 30%, THEN YOU'RE NOT GOING TO COVER ALL OF THE RETIREES ARE 50% NOT GOING TO COVER ALL OF THEM. AND STEPHEN POINTED OUT WHICH ONES ARE, OR HOW MANY ARE COVERED OR NOT. SO YOU'LL EXPLAIN TO ME AGAIN, IS IT, THE PEOPLE RETIRED THE LONGEST THAT DON'T GET COVERED OR THE MOST RECENT RETIRE, IT WOULD BE THOSE WHO HAVE BEEN RETIRED THE LONGEST, WHO WOULD GO WITHOUT THE COLA'S AT LESS THAN 70%. AND THE REASON FOR THAT IS THE 1994 THROUGH 2008 AND THEN 2009 THROUGH 2015, THEY WERE RECEIVING 70% COST OF LIVING ADJUSTMENT. AND BECAUSE THE WAY THAT WAS CALCULATED, THE COLOGNE IS ALWAYS FROM THE VERY BEGINNING OF ANNUITY ON THE DATE THAT THEY ACTUALLY RETIRED. WE GO BACK EACH YEAR AND GRANTED, WHEN IT'S ADOPTED BY THE CITY, WE ARE, WE'RE GOING TO DO THE SAME THING EACH YEAR, BUT THEY'VE ALREADY RECEIVED COLORS. THAT WOULD BE A BUMP IN THE PERCENTAGE THAT COULD BE ADOPTED BIBLE CULTURE COUNSELING. SO I UNDERSTAND WHAT YOU SAID ABOUT THE 70%, IF DID 70% AD HOC AND THEN A FUTURE COUNCIL WENT TO REPEATING, UH, THAT, UH, THERE WOULD BE A BATCH OF RETIREES THAT WOULD LOSE OUT ON GETTING ANY COLA'S POSSIBLY FOREVER FOR, FOR THEIR FOREVER. UH, DOES THE SAME HOLD TRUE FOR 50% THERE WOULD POSSIBLY BE. AND I THINK STEVEN PROBABLY HAS MORE DETAILED INFORMATION HE'S DUG IN TO THE DETAILS OF IT AND CAN TELL YOU WHAT THOSE NUMBERS ACTUALLY LOOK LIKE. BUT THERE IS THE LOGIC IS STILL THERE FOR THAT, BUT YOU'RE NOT TALKING ABOUT NEARLY RIGHT. IT WOULD JUST BE A SMALL NUMBER OF PEOPLE. OKAY. SO IS IT BEST TO ASK YOU OR STEVEN ABOUT HOW DO WE GET TO THE NUMBER? FOR EXAMPLE, 30% IN STEVEN'S PRESENTATION IS 224,000 OF THE IMPACT FOR THIS YEAR. IF YOU COME FOR ONE OR TWO SLIDES, THE 30%. SO GO BACK ONE. SO HOW DO WE GET TO THAT NUMBER FROM HERE 224,000? SO I CAN GO OVER THAT. [00:25:05] SO THE CURRENT RATE THAT WE'RE PAYING IS THAT 11.61%. SO WHEN WE GO UP TO THIS RATE, THIS 12.71%, AND THAT'S THE PERCENTAGE THAT WE PAY ON OUR PAYROLL DELTA. THERE IS THAT, THAT AMOUNT OF PAYROLL AND THE PAPER THEY'RE NOT ON HERE ANYMORE. YES, SIR. I JUST WOULDN'T WANT IT TO KNOW BECAUSE OTHERWISE I LIKED YOUR NUMBERS. I MEAN, YOU'RE, YOU'RE LIKE, UM, SHOW US THE IMPACT, UM, PER YEAR FOR THE FIRST YEAR. OKAY. LET'S ASK A QUESTION AFTER THAT. THANK YOU, MAYOR AND COUNCIL, LIKE THE CHIEF FINANCIAL OFFICER. UM, SO MY PRESENTATION IS GOING TO GO THROUGH THESE SIX. ANTHONY JUST SPOKE ABOUT A LITTLE BIT MORE DETAIL. SO I HAD A COUPLE OF OTHER PROPERTY TOWNS AND IN THIS PRESENTATION THAT I WANTED TO GET TO. UM, SO THE FIRST ITEM THAT I HAVE LISTED HERE IS WHEN WE, WHEN WE ARE AT YOUR WORK SITE TRUTH IN TAXATION, PROPERTY TAX RATES, AFTER A RADIANT WORKSHOP, LET ME KNOW THAT THEY MADE A MISTAKE IN THE VOTER APPROVAL TAX RATE CALCULATION, SO THAT DOESN'T AFFECT THE BUDGET. THAT'S JUST ONE OF THE REASONS THAT WE'RE REQUIRED TO ADVERTISE THIS, THE MAXIMUM RATE THAT COULD BE ADOPTED FOR GOING THROUGH AN ELECTION. SO THAT VOTER APPROVAL RATE THAT WAS PRESENTED AS 75.40 CENTS IS ACT 68.9157. SO I WANTED TO MAKE SURE THAT THE COUNSELORS THAT WHEN WE ADVERTISE THESE, I DIDN'T WANT YOU TO SEE THAT AND SAY, YOU'VE NEVER SEEN THAT BEFORE. SO THAT'S, THAT'S, UH, THE, I GO TO APPROVE YOUR TAX RATE. OKAY. SO GETTING INTO THE DIFFERENT GMRS OPTIONS. SO LOOKING AT THE 30% AD HOC IN THE, IN THE FIRST COLUMN, WE KIND OF WENT OVER. THAT'S BASICALLY WHAT THEY DID RATE BY THE ADDITIONAL COST. WOULD WE HAVE DAILY RATE FOR EACH OF THESE OPTIONS WHILE WOULD COST OVER, UH, 20, 23 TIME PERIOD? UM, THE TAX-FREE IMPACT THAT SHOWN HERE, UM, IS, IS, UH, ABOUT A THIRD OF A CENT. AND THAT IS, UH, A, A THIRD OF THE SENSE THAT WE NEED TO BE HANDLING TO WHAT'S IN THE PROPOSED BUDGET PROPOSED BY TRANSIT TAX RATE OF 59.70 CENTS. SO WHEN YOU ADD THAT, UH, 0.0 0 3, 2 4 0 WHAT'S ON THE PROPOSED BUDGET, IT WOULD REQUIRE A TAX RATE JUST OVER 60 CENTS, UM, UH, TO PAY FOR THAT 30% AD HOC, UH, PROGRAM. AND IT'S STILL ABOUT A 1.40 CENTS. STILL A PRETTY, PRETTY SUBSTANTIAL REDUCTION FROM, UH, THE CURRENT TAX RATE. UH, SO UNDER THAT OPTION, THE PENSION WOULD STILL BE FUNDED AT 94 AND A HALF PERCENT. I'VE SPOKEN TO OUR FINANCIAL ADVISOR ON ALL SIX OF THESE OPTIONS. THIS IS ONE THAT WE NOT HAVE ANY EFFECT ON ME DOWN TO BOND RATING OR OUTLOOK OR WORDING IN OUR RATINGS. SO THIS DOES NOT PROVIDE A COCA COLA FOR ALL. CURRENT RETIREES RETIRE, THE EARLIEST RECEIVING COST OF LIVING ADJUSTMENTS 3 20 15, IT SAYS APPROXIMATELY 85. AND I WANTED TO CORRECT THAT TRS HAVE GIVEN US SOME UPDATED INFORMATION. SO APPROXIMATELY ACTUALLY 72, UH, CURRENT RETIREES WOULD NOT RECEIVE ANY INCREASED. AND SO ALL OF THOSE THAT WOULD NOT RECEIVE AN INCREASE RETIRED PRIOR TO 2007 AND ALSO TO PROVIDE SOME NO COST OF LIVING ADJUSTMENTS FOR FUTURE DIARIES BECAUSE OF THE LOW COST, IS, ARE THE MOST FINANCIAL RISK STABLE AD HOC OPTION. AND WE WOULDN'T MEET IT, NEED TO LOOK AT OTHER WAYS TO FUND THIS. UM, AND THEN WHILE IT DOES RAISE EXPENSIVE THAN OTHER SIDES. SO JUST A QUICK BREAKDOWN OF WHAT THAT TOTAL IMPACT IS. BUT 80% OF THAT IS IN THE GENERAL SIGNED. AND THEN WE HAVE OUR UTILITIES BOND FUND, UH, WHICH ARE TWO MAJOR, UM, UH, ENTERPRISE BONDS [00:30:01] AT THE MOST EMPLOYEES MEAN IT IMPACTS THOSE BUTTONS WHEN WE HAD SOME SMALL X FUNDS STORM WATER FUND ECONOMIC DEVELOPMENT FUND, WHICH ALSO COST. SO WHILE IT DOES RAISE EXPENSES IN THOSE OTHER SIDES, DOESN'T REQUIRE ADDITIONAL REVENUE GENERATION AND THOSE, AFTER THOSE REMAINING FOR THE HOTEL FINE, WHICH IS STILL RECOVERING FROM COVID. SO NOT A HUNDRED PERCENT BALANCE RIGHT NOW. UM, BUT IT DOESN'T AFFECT THE REVENUE THAT WOULD BE OUT WITH OTHER FUNDS. WE'RE LOOKING AT THE 50% AD HOC OPTION. THE TOTAL IMPACT OF THAT OPTIONS THAT THIS YEAR IN 2023 WOULD BE ABOUT $5,000. THE TAX RATE IMPACT FROM THE PROPOSED BY TWO WOULD BE ABOUT, UH, JUST UNDER THREE QUARTERS OF A CENT ON THE TAX RATE, WHICH WOULD REQUIRE A TAX RATE OF ABOUT 60.439, 6 CENTS. HOW WOULD YOU SCALE OVER ONE MINI BOARD IN THE FISCAL YEAR, 2022 TAX RATE? UM, SO THE PENT-UP WOULD STILL BE FUNDED AT 92.7%, WHICH WOULD NOT HAVE ANY EFFECT ON OUR BOND RATING. IT DOESN'T, THIS DOCTRINE DOES NOT PROVIDE A GOAL AS, UH, FOR ALL CURRENT RETIREES, THOSE THAT RETIRED, THE EARLIEST RECEIVING COLIN'S FREE 2016, BUT UNDER THE 50% OPTION, THERE'S ONLY TWO CURRENT RETIREES THAT WOULD NOT RECEIVE AN INCREASE. UM, AND THEN AGAIN, THIS AD HOC OPTION PROVIDES NO COST OF LIVING ADJUSTMENTS FOR FUTURE DIARIES, UH, BECAUSE OF THE LOW COST OF THIS SCENARIO. THERE WOULDN'T BE ANY NEED TO LOOK AT OTHER WAYS TO, TO FIND THIS. UM, AND THEN WHILE IT DOES RAISE EXPENSES AND OTHER SUNS LIKE THE 30% OPTION, IT DOESN'T REQUIRE US TO LOOK AT OTHER REVENUE GENERATION OPTIONS FOR THOSE BUNS OR EXPENSES OR ANYTHING LIKE THAT BECAUSE THE FUNDS ARE SO STRICT AND THEN LOOKING AT THE 70% AD HOC OPS. SO THIS TOTAL IMPACT THIS OPTION IS ABOUT $850,000 A YEAR, 2023, UH, PROPOSED BUDGET BUDGET TAX RATE WOULD NEED TO GO UP ABOUT 1, 1, 2 TO 4 CENTS, WHICH WOULD BRING THAT TOTAL, MY PROPOSED TAX RATE TO A 3.93 CENTS, WHICH IS WELL OVER HALF A CENT TAX RATE TAX RATE DEGREES, THE PENSION WOULD STILL BE FINDING IT OVER 90% OF 90.7%. THIS WOULDN'T WOULD NOT HARM OUR BOND RATING. ACCORDING TO OUR FINANCIAL ADVISOR, THAT'S PROVIDED THE COAL FOR ALL CURRENT RETIREES, BUT NOT FOR NON NICOLA FOR FUTURE RETIREES. THERE WOULDN'T BE ANY NEED TO LOOK AT OTHER WAYS TO FUND THIS. AND THEN AGAIN, WHILE IT DOES RAISE EXPENSES IN THE OTHER FUNDS, IT'S NOT ENOUGH TO REQUIRE US TO LOOK AT OTHER COST CUTTING MEASURES OR OTHER WAYS TO GENERATE REVENUE. AGAIN, NOTING IT SEPARATELY DON'T FIND WHICH IS UNBALANCED AS IT IS. AND THEN MOVING INTO THE REPEATING OPTIONS AS TO WHEN WE LOOKED AT THE IMPACT OF THE 30% OF REPEATED OPTIONS FOR FISCAL YEAR 2023, WE'RE LOOKING AT ABOUT $75,000. THE TAX RATING IN THE PROPOSED BUDGET IS ABOUT 1.40 CENTS IN GREECE. AND THAT WOULD REQUIRE A TAX RATE OF ABOUT 61.11 CENTS, WHICH IS STILL ABOUT A THIRD, A LITTLE OVER A THIRD OF A CENT DECREASE FROM WHAT THE CURRENT TAX RATE. SO STILL A PROPERTY TAX RATE DECREASE. UM, THE PENSION WOULD STILL BE FUNDED AT 88.40 CENTS, WHICH WOULD NOT COUNT AS WINERIES. ACCORDING TO OUR FINANCIAL ADVISOR, THIS DOES NOT PROVIDE A COLA FOR EVERYONE IMMEDIATELY DUE TO THOSE THAT RETIRED THE EARLIEST RECENT NIKOLAS THROUGH 2015, AND THEY GET APPROXIMATELY 70 TO 85 OF THE CURRENT RETIREES WOULD NOT RECEIVE AN INCREASE IN THE FIRST YEAR. SO ALL OF THOSE THAT WOULD NOT RECEIVE AN INCREASE IN THE FIRST YEAR, RETIRED TWICE IN 2007. NOW, SINCE THIS IS REPEALED, DON'T RECEIVE AN INCREASE IN THE FIRST YEAR INCREASES IN SUBSEQUENT YEARS. AND THIS ALSO PROVIDES AT 30% DEFAULT FOR OTHER REFEEDING OPTIONS BUSINESS BEING THE MOST FINANCIALLY STABLE OPTION RATHER WOULD NOT BE HARD TO LOOK AT OTHER WAYS TO START TO FUND THE LIABILITY WOULD BE CREATED. AND THEN AGAIN, WHILE IT DOES RAISE EXPENSIVE FROM THE OTHER FUNDS, IT'S NOT SIGNIFICANT ENOUGH TO REQUIRE US REVENUE GENERATION AWARDS HOTSPOTTING AVENUES GETTING INTO THE 50% REPEATING OPTION. AND I LOOKING AT THE IMPACT OF FISCAL YEAR 2023 WOULD BE ABOUT $1.7 MILLION. [00:35:02] THIS WAS REQUIRING TAX RATES ABOVE WHAT'S IN THE PROPOSED BUDGET OF ABOUT TWO AND A HALF CENTS. SO THAT WOULD, I THINK THE TAX RATE TO 62.59 CENTS, WHICH HAVE ABOUT THREE QUARTERS OF OPINIONS HIGHER THAN THE FISCAL YEAR 2022, THE PENSION WOULD BE FUNDED IN ABOUT 3.1%. AND AT THIS POINT WE MAY START TO SEE SOME DOWNWARD PRESSURE ON THE TOWN'S BOND RATING NOT NECESSARILY CHANGED OUR BOND RATING, BUT PROBABLY THE WORDING THAT YOU'RE GETTING HOME, GOING TO STAY THE PRICER IN THEIR OUTLOOK. THEY'RE GOING TO SAY SOMETHING ALONG THOSE LINES. IT'S NOT NECESSARILY GOING TO CHANGE THE BOND RATING OR CHANGE YOUR OUTLOOK, PROBABLY JUST THE WORDING. SO THIS ONE DOES PROVIDE A COST OF LIVING ADJUSTMENT FOR EVERYONE, ALMOST EVERYONE IMMEDIATELY. THERE'S ONLY TWO CURRENT RETIREES DOCTORS TO ME HAVE AN INCREASE IN THE FIRST YEAR, BUT AGAIN, THOSE RETIREES CONSTANTLY, AND THEN THIS ALSO PROVIDES A COST OF LIVING ADJUSTMENT. AND THEN THIS OPTION, WE START TO SEE A LIABILITY THAT STARTS TO GET A LITTLE BIT HIGHER. UM, SO THIS IS SOMETHING THAT WE MAY LOOK AT OTHER WAYS TO FUND SUCH AS OBLIGATION BONDS. I'LL GET INTO ME A LITTLE BIT LATER, BUT OBLIGATION BONDS KIND OF LEGISLATIVE CHANGES FROM THE 2021 LEGISLATIVE SESSION, THOSE IN THE SECOND CATEGORY SERVICE. UM, AND THAT WOULD BE UNLESS WE WENT BOND LECTURE WITH, I TALKED TO OUR BOND COUNSEL ABOUT THIS, UM, TO GET IT TO BE PART OF YOUR INTEREST IN TAX RATES. SO THAT'S SOMETHING TO EXPLORE THAT AVENUE. WE WOULD HAVE TO TALK TO EACH OTHER. SO THIS OPTION STARTS TO RAISE THE EXPENSE OF THE OTHER FUNDS ENOUGH, THAT IT PUTS PRESSURE ON THOSE BUTTONS TO POTENTIALLY RAISE RENT. THE MAJOR ONE IS WE'RE TALKING ABOUT THE AGILITY. WHEN WE START TO SEE THAT CHILI RATES INCREASE OPERATING, THE 70% WOULD BE THE OPTION. UH, THIS ONE, UH, FISCAL YEAR 2023 IMPACT IS ABOUT $2,500,000 TAX RATE IN THAT POSED BUDGET TAX RATE IS ABOUT A 3.7% IN GREECE, WHICH PICKS UP TAX RATE TO ABOUT 63.40 CENTS, WHICH IS ABOUT 1.9, SIX HIGHER DEPENDS ON WHAT THE FUNDED AT 78%. AND THEY'RE GETTING THIS, THIS MAY START TO CREATE SOME DOWNWARD PRESSURE ON OUR BOND RATING. UH, PROBABLY NOT DOWNGRADING, UH, PROBABLY NOT, UH, CHANGE OUR OUTLOOK THAT AGAIN, PROBABLY CHANGING WORDING, OUR REPORTS, WHICH COULD LEAD TO FUTURE. UM, THIS OPTION PROVIDES A COST OF LIVING ADJUSTMENT FOR, AND FOR ALL FUTURE RETIREES. THIS OPTION AGAIN, COULD BE ASSISTED BY THE OBLIGATION AND THEN THIS IS WHERE WE START TO SEE THE EXPENSES INCREASED PRETTY DRAMATICALLY, UM, WOULD PROBABLY MOST LIKELY REQUIRE, UH, DIGITAL REVENUE GENERATION SPECIFICALLY RECALL ACCOUNTING JUST RECENTLY PLANS 2024 TO 2028. UM, THIS WOULD COST, AND THEY'RE NOT, THERE'S NOT AN S UH, ROOM IN THERE TO READ THE OTHER CONSIDERATIONS ABOUT, UH, THE TLRS, UH, DIFFERENT OPTIONS. SO THE DOLLAR AMOUNTS THAT ARE STONES OF FISCAL YEAR 2023, PMRS OPERATES ON A CALENDAR BASIS AND WE OPERATE THEM OCTOBER 1ST, SEPTEMBER 30TH, AND OUR RATE, THE COUNCIL DECIDE TO MAKE A CHANGE OR CHANGE 23. SO IN 2023, WE WENT NINE [00:40:01] MONTHS BUDGET, BUT IN SUBSEQUENT YEARS, THREE MONTHS. SO THAT CHANGE WAS MADE EFFECTIVE FOR FISCAL YEAR 23. WHEN WE GOT THE FISCAL YEAR 2024 CONTRACT 2023. THAT WAS GOOD QUESTION FISCAL YEAR 2023. CORRECT. UM, SO AGAIN, THAT ADDITIONAL PRE MONTH ADDITIONAL PMRS EXPENSES, SO ON THE PENSION OBLIGATION BONDS. SO THOSE CAN BE AN OPTION TO REFINANCE IT AMOUNT ONLY TO UNFUNDED LIABILITY THAT WE HAVE. SO BECAUSE OUR CURRENT INVENTORY LIABILITY IS VERY LOW. WE CAN'T JUST GO OUT AND STEAL A BUNCH OF PENSION OBLIGATION BONDS NOW, BECAUSE WE DON'T REALLY HAVE A LIABILITY WITH THAT. UM, CHANGES IN COUNCIL MAKES A CHANGE THAT WILL BE REFLECTED IN THE RAISED LETTER THAT WE RECEIVED IN JUNE OF 2023. AT THAT POINT, WE WOULD KNOW WHAT THE LIABILITY IS AND COULD EXPLORE WHAT'S THE HIGHER LEVEL OPTION YOUR CHOSEN. UM, WHAT WE'RE GOING TO DO IS MOVE FORWARD WITH THAT. UM, THE PROCEEDS FROM THAT ISSUE, POSITIVE RF, AND THEN, UH, WE'D NEED THE DEPOSIT RATE LETTER, WHICH THE RATE DECREASE. SO BASICALLY WITH PENSION OBLIGATION, THAT IF WE'RE ABLE TO ISSUE THOSE INTEREST RATE LOWER THAN TOMORROW, UM, GENERALLY THE UNIVERSITY COSTS HALF PERCENT THAT LINE RATHER THAN SO THAT'S WHERE THE, THAT'S WHY WE NEED TO BE AN OPTION. BUT AGAIN, THAT LIABILITY PRIOR TO US BEING ALLOWED TO, UM, SO THAT REDUCTION IN THAT UNFUNDED LIABILITY WOULD BE REFLECTED IN THE RECEIPT IN JUNE OF 2020. IT'S MORE EFFECTIVE FOR OUR RATES, BUT ONE OF THOSE HIRES OF ANY QUESTIONS ABOUT, AND ALSO SAUDI RETIREES BENEFIT IN THE MEANTIME, KEEP A SERIES AAA BOND RATING. I HAVE TO DO REPEATING PROBABLY 30% TO ME IS MOST APPROPRIATE. OKAY. SO WITHOUT INCURRING ANY FURTHER TAB. YEAH. I DON'T KNOW IF YOU HAVE ANY OTHER OPINION YOU CAN ASK. STEVE ASKED TO HEAR, I DIDN'T DO THEM REPEATEDLY FOR MANY YEARS BEFORE, YOU KNOW, IT, IT WOULD HAVE ONLY BEEN RETIRED, BUT IT WAS A GOOD COMMUNITY EMPLOYEES. SO THAT'S REASON I THINK WE WAIT SOMETHING THAT'S NOT TO DISTURB OR CAUSE HARM TO OUR, OUR RATINGS. UH, PLUS WE, WE, WE CERTAINLY KNOW, WE KNOW WE [00:45:01] CERTAINLY CAN'T MAKE UP FOR THE LOSS, UH, GROUND COMPLETELY AND, UH, WOULDN'T EXPECT TO HAVE THE RESIDENTS PICK THAT UP THAT QUICKLY. SO, UM, WHAT I'D LIKE TO HEAR A LITTLE BIT MORE ABOUT THE 30% REOCCURRING AS FAR AS THE TOTAL IMPACT, THE TAX RATE IMPACT AND THE UPDATED TAX RATE. COULD YOU TALK ABOUT THAT A LITTLE BIT MORE? CERTAINLY. SO, UM, SO THE TOTAL IMPACT THAT WE WOULD SEE, AND I'VE ACTUALLY GOT A BREAKDOWN OF IT THAT I CAN GO INTO DETAIL ABOUT WHAT IT COSTS FOR EACH FUND. SO, UH, SO THAT 970, APPROXIMATELY 975,000, UH, WHEN WE LOOK AT, LOOK AT THAT ACROSS, UH, THE TOWNS, UH, ENTIRE PERSONNEL STRUCTURE, UH, THAT ABOUT 765,000 OF THAT WOULD COME OUT OF THE GENERAL FUND, UH, THE UTILITY FUND, UH, IT WOULD COST THEM ABOUT 76,000, UH, THE HOTEL FUND, UH, JUST OVER 40,000, THE AIRPORT FUND, UH, JUST OVER 66,000, A STORMWATER FUND, UH, JUST UNDER 16,000 AND THEN THE ECONOMIC DEVELOPMENT FUND ABOUT 11,000. SO THAT TOTAL IS THAT APPROXIMATELY $975,000, UH, THE TAX RATE IMPACT THERE OF ABOUT 1.40 CENTS. SO THAT WOULD BE AN INCREASE OF, UH, ON, IN WHAT OF WHAT'S IN THE PROPOSED BUDGET, WHICH HAS 59.70 CENTS. SO THAT, THAT ADDED TO WHAT'S IN THE PROPOSED BUDGET COMES OUT TO THE 61 TO 60 MINUTES, CORRECT? 61, 1, 1, 1 TO TWO, A LOT OF ONES IN THERE. YEAH. IT WOULD BE, UH, A RATE DECREASE IN THE RATE FROM 2020 TO 2022, RIGHT. THIS IS STILL A DECREASE FROM THE CURRENT YEAR'S TAX BY SORT OF ASIDE ABOUT 0.35 THEN, AND OF THE FUNDS THAT YOU JUST RECITED THE DECREASE OR THE, OR THE AMOUNT THAT WOULD BE LEFT, WHICH OF THOSE IS IMPACTED THE MOST AND MAYBE HARMFUL TO EAT ANY OF THOSE. DO YOU FEEL THAT THE DECREASE IN THOSE, UH, BUCKETS WOULD, UH, CAUSE CHALLENGES WITHIN THE, IT DOESN'T, IT DOESN'T AT THIS LEVEL, UM, AS WE, AS YOU GET TO THE 50 AND 70% LEVEL, IT DOES, BUT AT THE 30% LEVEL, IT DOESN'T. UM, RIGHT NOW OUR UTILITY FUND, I THINK IN THE PROPOSED BUDGET HAD ABOUT APPROXIMATELY $200,000 IN REVENUE OVER OPERATING EXPENSES. SO, SO THERE'S, THERE'S SOME THAT CAN BE, UM, WHICH THE 75,000 WOULD BE ABLE TO WORK IN. THAT WOULD BE NO PROBLEM AGAIN, FOR, FOR 23 OR IN THE FUTURE. IT'S WHEN WE GET TO THAT 50 AND 70% LEVEL THAT WE WERE TALKING ABOUT HAVING TO CHANGE SOME UTILITY RATES POTENTIALLY, BUT THAT'S NOT TRUE. THE HOTEL FUND, WELL, THE HOTEL FUND IS, UM, BASICALLY DOES NOT HAVE AN OPERATING SURPLUS NOW, SO IT DOES IMPACT THE HOTEL FUND. UM, SO I THINK TO BE HONEST ON THE HOTEL FUND, I THINK IT'S MORE OF A D OF A POLICY DISCUSSION, UM, AS OPPOSED TO, UM, OVERALL POLICY ON WHAT WHAT'S IMPORTANT TO PAY FOR IT. WHAT, BECAUSE THE REVENUE THAT'S BEING GENERATED IS KIND OF FIXED AND IT'S THE EXPENSES THAT PROBABLY THEY TO THANK YOU. SO JUST TO CLARIFY, THIS YEAR'S IMPACT IS FROM NINE MONTHS, CORRECT. SO IT'S, IT'S YOUR 1.4% OF 1.40 CENT INCREASE THE NEXT YEAR. IT'LL BE THAT TIMES ONE IN THE THIRD. UM, IT COULD BE, AND I MEAN, THERE'S ANOTHER VARIABLE IN THERE AND THAT'S THE PROPERTY VALUES COME IN AS NEXT YEAR. UM, SO IF WE LOOK DOWN, WHICH WE DON'T KNOW, RIGHT. AND SO WE DON'T KNOW WHAT THAT, WHAT THAT'S GOING TO BE. UM, SO WITH THAT SAID, IF WE LOOKED AT THIS ON AN ANNUAL BASIS WITH THE INFORMATION THAT WE HAVE, UH, THAT TAX RATE INCREASE, UH, OVER THE PROPOSED BUDGET WOULD BE ABOUT 1.8, 8 CENTS, AS OPPOSED TO 1.4, RIGHT. IT SEEMS LIKE WE SHOULD CONSIDER THAT THAT'S OUR RUN RATE AND ALSO THE VERBIAGE AND THE 30% REPEATING YOU CHA YOU CHANGED WHAT NOT TO SHOULD. NOT [00:50:01] THAT THAT'S JUST MAKING A LITTLE FIRMER THAT WE GET ON THE EDGE. OKAY. WE'RE TEETERED, WE'RE STARTING TO THEATER. SO, AND, AND, UH, ME, ME AND THE FINANCIAL ADVISOR, OUR OPINIONS ARE GOING TO BE MORE CONSERVATIVE, MORE CONSERVATIVE THAN, UH, THEN I THINK WHAT, SO W WE DON'T WANT TO SEE A CHANGE IN THE, IN THE WAY THINGS ARE WORDED IN OUR CURRENT BOND, BUT WE'RE STARTING TO GET TO THAT LEVEL. I DON'T THINK WOULD HAVE BEEN TO ACT. RIGHT. SO NEXT YEAR, WOULD, WOULD WE PROPOSE AT THE TAX GO UP AGAIN, THE TAX RATE, GO UP AGAIN FOR THAT EXTRA THIRD AGAIN, THAT DEPENDS ON WHAT THE PROPERTY, WHERE IT WAS AGAIN, I MEAN, ASSUMING IT'S GOING TO BE HOPEFULLY THE SAME AND NOT GOING DOWN. RIGHT. I MEAN, YEAH. IF PROPERTY LEVELS STAYED FLAT, THEN YOU'RE LOOKING AT AND NEEDING TO INCREASE YOUR TAX RATE BY ADDITIONAL. YEAH. SO IF WE, IF WE DID AN AD HOC, NOW THAT WOULD BE TAKING THAT PART OUT OF ANY SORT OF CHANGE IN THE FUTURE. SO THERE WOULD BE A DELTA THAT WE'D ALREADY STARTED PAYING AND THE INCREASES WOULDN'T BE AS SUBSTANTIAL. IT'D BE A SMALL IMPACT BECAUSE IT'S JUST THE ONE YEAR, WELL, YOU'RE PAYING FOR THAT OVER 12 YEARS. YEAH. SO WE DON'T DO THAT. YOU'RE PAYING FOR THE AD HOC PORTION OVER 12 YEARS. AND IF YOU COME BACK AND DO A REPEATING, NOW YOU'RE PAYING FOR THAT FUTURE BENEFIT, AS WELL AS THE PAST BENEFIT IN THE MODEL, IT WOULD BE LESS THAN GOING FROM WHERE WE ARE NOW TO THAT AMOUNT, BECAUSE WE'VE ALREADY WENT PART OF THE WAY THERE ON THE, ON THE AD HOC. YES, YES. YES. SO OF THE, AND I DON'T KNOW IF YOU WOULD KNOW THIS, BUT FOR THE 72 CURRENT RETIREES THAT WOULD NOT BE RECEIVE AN IMPACT. AND THE FIRST YEAR THEY WOULDN'T RECEIVE AN INCREASE IN THE FIRST YEAR, UM, WE'LL NEED TO FILL THE ONE YEAR. THIS IS TO SAY, DO THEY GET BACK IN THE SADDLE WITH INCREASES THE FOLLOWING YEAR, OR DOES IT DEPEND? IT DOES DEPEND. UM, SO, UH, THERE, I KNOW THAT THERE, AND I HAVE THIS REPORT, BUT, UM, IN THE FIRST YEAR, FOLLOWING THAT 12, 12 OF THOSE 72 STEP UP AND THEN 10, AND I'D HAVE TO PULL THE, THE REPORT, LET ME SEE. OKAY. SO, UH, SO IN 2024, WE WOULD HAVE 12 PEOPLE COME ON. UH, THEN IN 25 THERE WOULD BE 10, OR, AND THEN 26, THERE WOULD BE SIX, NO MORE. AND THEN 27, 4 AND 28, 8 IN 29, 4, AND THEN 2030, THERE WOULD BE 11. UM, AND THEN IT STARTS TO GET, YOU KNOW, THERE'S JUST A FEW I, SO, AND I UNDERSTAND THAT THE WHOLE POINT OF THIS IS PROVIDING AN INCREASE TO KEEP UP WITH, YOU KNOW, INCREASED COSTS. UM, BUT ALL OF THE RETIREES WILL CONTINUE TO GET THEIR CURRENT PAY. I MEAN, YOU KNOW, THEY'RE GOING TO CONTINUE TO GET THEIR RETIREMENT. YES. THEY'RE JUST NOT GOING TO BE GETTING THE EXTRA THAT THE OTHERS WILL BE GETTING. UM, AND I KNOW THAT'S SUPER OBVIOUS, BUT I THINK IT'S AN IMPORTANT TO REMEMBER THAT. UM, IT'S JUST THAT, IT'S JUST THE INCREASE THAT GETS A LITTLE, GETS A LITTLE HAIRCUT, SO IMPORTANT TO REMEMBER THAT THEY DON'T GET SOCIAL SECURITY. WELL, WHAT HAPPENED IS THE VALUE WE RECEIVED TODAY, YOU KNOW, BECAUSE OF THE INFLATION COST OF LIVING SO THAT THE VALUE OF THE QUIZ, PROBABLY ONE 20%. SO IF THEY RECEIVE THE SAME AMOUNT OF MONEY, WHETHER THE CURRENT PRICES GO OUT AND BUY STUFF, YOU CAN SEE THE HUGE INCREASE. SO IN OTHER WORDS, THEY MAKE MUCH LESS, THE VALUE OF PUBLIC HAS SEVEN 70, 80%, BUT REALLY MAKING, YOU KNOW, SO I, I PERSONALLY FEEL UNCOMFORTABLE WITH 30% OF REPEATING. WE CAN, UH, AT LEAST, YOU KNOW, SO THE YEARS OR THE RETIREES WHO GRADUALLY COME BACK, RECEIVE THE RETIREMENT, MAYBE NOT IN THE VERY FIRST YEAR, SOME SEVEN YEARS OR A YEAR FOR THE VENTURE IN THE CATCH-UP AND THE LEG WILL GET UP AND THEY GET, AND THEN IN THE MEANTIME, IT DOESN'T AFFECT ANY, ANY, YOU KNOW, UH, TOWN'S FINANCIAL ABILITY. SO THE TRIPLE A BOND RATING WILL BE NOT A HERD, SO WE CAN DO ONE STONE, HIT TWO BIRDS [00:55:01] EFFECTIVELY. YOU KNOW, I, I, I AGREE WITH YOU AND THAT, I THINK IT'S THE MOST FISCALLY RESPONSIBLE THING FOR US TO DO AS A COUNCIL AS TO, UM, BE MINDFUL OF THE CONSEQUENCES OF, OF, UM, TRYING TO CORRECT, YOU KNOW, THE PAST IN ONE FELL SWOOP. I THINK THE OTHER, UH, THING THAT CAN HAPPEN COULD BE THAT, UH, YOU KNOW, YOU CAN'T SPEAK TO THE WILL OF FUTURE COUNCILS, BUT FUTURE COUNCILS COULD INCREASE THE, UH, IF WE PLAN PROPERLY AHEAD OF TIME COULD INCREASE THE AMOUNT TO 50% IN A STEP FASHION TO, YOU KNOW, GET BACK AGAIN, THAT'S FOR THE FUTURE AND WHO KNOWS WHAT HAPPENS IN THE FUTURE. BUT, UM, I THINK THIS AT LEAST GIVES US SOMETHING THAT MAKES SENSE, BECAUSE GOING BACK TO THE THOUGHT OF DOING AN AD HOC, YOU KNOW, CAUSE ORIGINALLY I WAS THINKING WE DO AN AD HOC KIND OF LURCH OUT THERE AND MAKE A CORRECTION, BUT THEN YOU GET TIED IN ON THE TABLES FOR 12 YEARS AND THEN IT'S, IT GETS ALL MUDDLED. SO IT JUST SEEMS LIKE THIS IS, IT'S NOT VERY EXCITING 30%, BUT IT, IT SEEMS LIKE THE MOST RESPONSIBLE THING TO DO WHILE PUTTING A PRIORITY ON, ON GETTING, GETTING THE SHIP TURNED AROUND FROM A COLA PERSPECTIVE. SO I HAVE A CLARIFYING, I GUESS, MAYBE FOR ANTHONY. SO IF WE DO THE AD HOC, OH, SO FIRST OF ALL, COME MY POSITION IS A LEANING, A LITTLE MORE CONSERVATIVE ON SPENDING THE TOWN'S MONEY. SO, BUT ALSO WE ALSO HAVE THIS TAX DIFFERENCE WHERE WE CAN LOWER THE TAX OR KEEP THE TAX THE SAME OPPORTUNITY THAT WE DON'T HAVE VERY OFTEN VERSUS RAISE THE TAX, EVEN THOUGH IT IS REALLY RAISING IN TRUTH AND TEMPTATION. IF WE GO WITH AN AD HOC IT'S, IT'S FIXED OVER 12 YEARS OR SOME PERIOD OF YEARS, BUT IF WE GO BACK TO THE REPEATING, THEN THAT'S ALL RECALCULATED, IS THAT CORRECT? NOT ACTUALLY BECAUSE WE'RE NOT STUCK TO PAYING THE AD HOC AND THEN PAYING IT REPEATING, IT WOULD WORK OUT TO BE ALREADY WHAT WE'RE PAYING PLUS SOME, IT WOULD BE WHAT YOU'RE PAYING, BUT THE WAY THAT THE LIABILITY WOULD BE TREATED IS EXACTLY AS STEVEN DESCRIBED TO YOU, IF YOU WERE TO ADOPT AN AD HOC, THAT LIABILITY WOULD BE A LEVEL DOLLAR BENEFIT OVER 12 YEARS, THAT THAT LIABILITY WOULD BE LEVEL DOLLAR FOR 12 YEARS. IF YOU WERE, IF A FUTURE COUNCIL WERE TO ADOPT A NEW PROVISION, 50% REPEATING, 30% REPEATING THAT LIABILITY IS RESET, AND THAT WOULD BE BASED OVER A 20 YEAR SCHEDULE. SO THE WAY YOUR LIABILITIES LIE IN YOUR PLAN THERE, THEIR LADDERS OF LIABILITY, DEPENDING ON WHAT PROVISION YOU CAN PUT IN PLACE. AND WHEN YOU PUT THAT IN GARMENTS, THAT MAKES SENSE. THEY ALSO ADD SOMETHING COUNSEL, UH, AS STEPHEN WAS GOING THROUGH AND DESCRIBING FOR YOU, THE ADOPTING THESE PROVISIONS. AND IF YOU WERE TO GO WITH 30% REPEATING TODAY AND WALKING YOU THROUGH TO DESCRIBE WHO WOULD GET A BENEFIT. AND WHEN SOMETHING THAT IS ASSUMED BY TRS IS THAT INFLATION IS GOING TO BE TWO AND A HALF PERCENT. THAT'S NOT WHERE INFLATION HAS BEEN FOR THE LAST COUPLE OF YEARS. AND WE LAG BEHIND ACTUAL INFLATION. SO IN A VERY INVERSE WAY, THE HIGHER INFLATION ACTUALLY WORKS TO THE ADVANTAGE OF THE RETIREE WHO IS PROJECTED TO NOT GET A BENEFIT, BUT BECAUSE OF THE HIGHER INFLATION, THEY WOULD BE AHEAD THAT SCHEDULE THAT WE'RE ASSUMING, DOES THAT MAKE ANY SENSE? I SAID, OKAY, IT'S A VERY INVERSE DEAL. THEY MAY GET IT QUICKER THAN WHAT THEIR SCHEDULED SHIFT. SO YOU CAN, YOU CAN, SO CAN YOU, WHAT'S THE, WHAT IS THE, UM, SO WITH SOCIAL SECURITY, YOU KNOW, HOW THEY, YOU KNOW, ARE RE THEY'RE IN THERE, DUELING WITH THE NUMBERS AGAIN. UH, AND SO THEY'RE, YOU KNOW, THESE ANNOUNCEMENTS, YOU KNOW, THAT THE SOCIAL SECURITY COULD GET A, AN INCREASE, THE BIGGEST INCREASE THEY'VE EVER GOTTEN WHATNOT. UM, IS THERE A COMPARATIVE THING, IS THAT AN AD HOC THING THAT THEY'RE DOING? IF YOU WERE TO KIND OF COMPARE IT, [01:00:01] ARE THEY JUST DOING LIKE A, YOU KNOW WHAT I MEAN? I GUESS, I GUESS THAT'S NOT REALLY, IT'S NOT AN ANALOGOUS ANALOGOUS COMPARISON, BUT, UM, BECAUSE THERE'S NO SUCH THING AS AD HOC WITH SOCIAL SECURITY. RIGHT, RIGHT. THEY LOOK AT IT IN REAL TIME, A LOT MORE REAL-TIME THAN TMR S WE LAG BECAUSE OF THE VALUATION PROCESS. UH, OUR RETIREES ARE JUST NOW THIS YEAR GETTING THE INFLATION COLA FOR WHAT HAPPENED TWO YEARS AGO. SO WE LAG A YEAR BEHIND IN THE WAY THAT WE CALCULATE THE ACTUAL COLA WHILE SOCIAL SECURITY IS LOOKING AT IT IN REAL TIME, EVEN THOUGH WE USE THE V WE USE THE SAME DATA AND THE SAME VARIABLES TO DETERMINE WHAT INFLATION, IF YOU'RE IN A YEAR, I JUST WANT HER TO THROW ANYTHING OUT THAT I WANTED TO REMIND EVERYBODY THAT OUR RESIDENTS, WHEN WE'RE TALKING ABOUT TAX RATES ARE ALSO DEALING WITH THIS INFLATION RIGHT NOW. AND THEN I ALWAYS SIDE ON BEING CONSERVATIVE. SO AS MUCH AS I LOVE LEVER, OUR RESIDENTS, AND I LOVE OUR RETIREES SO MUCH. AND YOU ALL KNOW THAT, UM, I ALWAYS SAY CONSERVATIVE ON BOTH SIDES. SO DO WE HAVE ANY OTHER CHOICES FOR FUNDING? MAYBE WE COULD EXPLORE, UH, IF THE DIRECTION COMES FROM THE COUNCIL, WE COULD LOOK AT THE EXISTING BUDGET TO SEE IF YOU COULD ADJUST THAT SOMEHOW TO COME UP WITH SOME DOLLAR AMOUNT. BUT THAT WOULD BE ONE YEAR. IF YOU'RE GOING TO BE REPEATING, IT'S GOING TO BE THE CURRENT MAN EVERY YEAR. WHICH KINDA LEADS ME TO MY QUESTION, STEVEN. SO YOU'VE GIVEN US A REALLY GOOD PICTURE FOR 2023. I MEAN, WE KNOW IT'S BASICALLY $975,000. SO FOUR 20 PUT ON YOUR, UH, YOUR CRYSTAL BALL, CRYSTAL BALL. THANK YOU. TELL ME, WHAT DOES THAT LOOK LIKE FOR 20 24, 20 25? WELL, AND PRETEND THAT YOU'RE, SINCE THIS IS, YOU KNOW, THESE RECOMMENDATIONS ARE BASED ON THE TAX RATE, RIGHT? SO, SO THAT THIS WOULD CONTINUE FORWARD SO THAT IT WOULD BE, HEY, YOU PAID FOR ITSELF IN NEXT YEAR'S TAX RATE. SO BASICALLY THOSE DOLLARS WILL BE PRETTY CONSISTENT AS WHAT I'M ASKING, ASSUMING THAT, YEAH, IT'S REALLY, IT'S REALLY, UM, AMINA ON THE, ON THE RATING. SO THE RATE THAT WE RECEIVE AND, YOU KNOW, PART OF THAT GOES INTO OUR TLRS IS GOING TO PRINT ON THE INVESTMENT SIDE AND ALSO DIFFERENT FACTORS, BUT, UM, THAT IT SHOULD BE FAIRLY, FAIRLY CONSISTENT. AS FAR AS THE RATE, WE'RE NOT GOING TO SEE HUGE JUMPS OR SO ON THE 30% WE HAVE TO COME UP WITH $300,000 NEXT YEAR, IT'S EXTRA SOMEWHERE 400 SOMETHING THOUSAND, BASICALLY. YES. IT'S NOT COMING FROM THE TAX RATE, THE TAX. UM, WELL THEN AGAIN, IT COULD, I MEAN, ASSUMING LET'S SAY PROPERTY VALUES GROW AND, YOU KNOW, WE'VE GENERALLY WE ASSUME THAT PROPERTY TAX REVENUE IS GOING TO INCREASE BY ABOUT THREE AND A HALF PERCENT EACH YEAR. SO, UH, UNDER THAT ASSUMPTION, UM, THE ADDITIONAL NEEDED, UH, FOR THAT, THAT SCENARIO FOR A FULL YEAR, UH, WHICH WOULD BE ABOUT, UH, IT'S ABOUT IN THE GENERAL FUND, WE'RE LOOKING AT ABOUT $255,000. SO THAT'S THE AMOUNT THAT WOULD, WOULD, UH, BE ATTRIBUTED TO THE TAX RATE, UM, IN ADDITIONAL IN FISCAL YEAR 2024. UH, BUT OVERALL IT IS ABOUT JUST OVER A THOUSAND DOLLARS. WELL, AS SOON AS THE BUDGET NEXT YEAR WILL GO UP ALSO, IT'S THE GENERAL BUDGET OVERALL BUDGET. SO WE REALLY DON'T HAVE THE MONEY I LAB TO COME FROM SOMEWHERE. SO I'M CONFLICTED, I'M A PEOPLE PERSON, PEOPLE MEANING THE EMPLOYEES. AND YOU GOT TO BALANCE YOUR BUDGET CONFLICTED ABOUT, YOU KNOW, DO WE SPEND THE MONEY AND DO THIS REPEATING, OR DO WE DO A ONE TIME AND WORK THIS OUT OVER THE NEXT YEAR AND, AND FIX IT NEXT YEAR. BUT AGAIN, I DON'T LIKE WHAT ANTHONY SAID, HOW THAT LOOKS UP ON OUR, MY ABILITIES. UM, I'M NOT REAL FOND OF MAKING THIS, UH, A COST ADDED COST FOR [01:05:02] THE LONG HAUL. WELL, ANY, ANY OF THE OPTIONS, WHETHER IT'S AN AD HOC OR REPEATING OPTION, THERE'S GOING TO BE AN ADDITIONAL COST AND WE HAVE TO ABSORB IT FOR THE DRY MONTHS RATHER THAN NINE MONTHS. YEAH. WE'RE IN FOR WE'RE IN, FOR A RIDE A 12 YEAR RIDE EITHER. I MEAN, MEN, A MINIMUM, A 12 YEAR RIDE WITH WHATEVER WE DECIDE, BUT GOING BACK TO THE PURE CITY COMPARISONS FROM A COMPETITIVE STANDPOINT, UM, YOU KNOW, AND I I'M, I, YOU KNOW, PASSION, YOU CAN TELL ME IF, UH, YOU KNOW, NEW HIRES ARE MAKING THEIR DECISION BASED ON THE COLA PERCENTAGE. UM, BUT WE WOULD, IF WE WERE TO GO TO A 30%, UH, REPEATING IN COMPARISON WITH OUR PEER CITIES, WE WOULD, WE WOULD BE NOT AS LOW AS FLOWER MOUNTAIN, UNIVERSITY PARK HAVING DISCONTINUED THE REPEATING COLA, BUT WE WOULD BE IN THE BOTTOM WRONG OF CITIES THAT, UH, YOU KNOW, THE COLON PERCENTAGE. SO THERE'S ONLY, UM, THERE'S ONLY ONE CITY. PERFECT. YEAH. AND THEN, UM, UH, SIDE OF THAT RICHARDSON AND CARROLLTON ARE DOING 50 AND ALL OF THE OTHER CITIES ARE DOING 70. SO I UNDERSTAND IT'S A BIG, YOU KNOW, MAKING THEM ONGOING COMMITMENT IS BIG, BUT IT'S, IT'S NOT, IT'S NOT SO BIG THAT IT IS CAUSING US TO, UH, RISK OUR BOND RATINGS AT THIS, AT LEAST AT LEAST THROUGH THE CONVERSATIONS THAT WE'VE HAD CURRENTLY, UM, WITH OUR AUDITOR. I THINK IT'S, I THINK IT'S A FISCALLY RESPONSIBLE THING TO DO. I DON'T, I, I DON'T THINK IT'S RECKLESS, UH, 30% REPEATING. I THINK IT'S MAKING THINGS RIGHT. AND THERE'S A FINANCIAL COMMITMENT, BUT IT'S NOT, I WANT TO SAY THIS, LAURIE, YOU KNOW, ALL ALONG, I THINK WE CAN AFFORD 30% REPEATING THE REASON BEING MOST YOUNG PEOPLE LOOK FOR JOBS. THEY MAY NOT CARE ABOUT A CODE. THEY DON'T EVEN KNOW WHAT'S THAT THEY WON'T EVEN THINK ABOUT RETIREMENT, BUT AFTER THE WORKFORCE SEVERAL YEARS AND THEY HEARD OTHER, UH, FRIENDS WORKED FOR OTHER CITIES, UH, YOU KNOW, WE, UH, I WORKED FOR FIVE YEARS AS A, TO HAVE, YOU KNOW, THIS AND THAT. THERE IS AN, OH, YOU HAVE IT. OUR CITY DON'T HAVE, WHEN THEY START TO CHANGE, YOU UNDERSTAND IN THE BEGINNING, THEY WILL KNOW, BUT AFTER WORK FOR A WHILE, THEN LEARN MORE. THEN, THEN YOU WILL FIND OPPORTUNITY TO WORK FOR SOMEBODY ELSE. SO IT'S BECAUSE NOBODY'S STUPID, RIGHT? SO I BELIEVE, YOU KNOW, IF WE WANT TO KEEP OUR EMPLOYEES, WE NEED TO PAY THEM REASONABLE. AND, UH, JUST AS EARLIER WE HEARD, IRVING GIVES US 30% REPEATING BASICALLY IS THE LOWEST FLOWER MOUND UNIVERSITY PARK. AND FOR ON CREDIT, 2007 UNIVERSITY PARK, 93, QUIT 2015, THEN CARLTON, THEY USE 50%, BUT ALL THE REST OF THE SERIES, THEY USE 70% REPEATING. AND WE DON'T CAN WE AFFORD ACTUALLY, OR 87, 80 8% OF OUR TESTS PROBABLY TESTS COME FROM COMMERCIAL. BASICALLY THERE'S RESIDENTIAL PAVER, LITTLE SO, BUT THEY TOOK ALL THE BENEFITS, YOU KNOW, FROM THE 87, 80 8%, IF WE DON'T TREAT OUR EMPLOYEES A LITTLE NICER, YOU KNOW, HOW YOU KEEP THEM, HOW YOU KEEP THE TOP EMPLOYEES FOR A LONG TIME TO COME. SO AS BETTER, IF I SMALL BUSINESS OWNER, I PAY MY STAFF MUCH HIGHER THAN OTHERS, SO THEY DON'T GO. SO SEND ME SOME HEADACHES. EVENTUALLY I, AGAIN, SOMETHING FROM THAT, YOU KNOW, BUT IT'S 30% REPEATING, BASICALLY THE LOWEST, THE REASON I DON'T WANT TO ADD HEART BECAUSE IT DOESN'T GIVE YOU THE EFFECT. IF YOU'RE REPEATING REPEAT EVERY YEAR, THEN YOU CAN GAIN THE BENEFIT. YOU DON'T GET FAR AD HOC, JUST LIKE A LONG-TERM INVESTMENT, SORT OF, I DON'T KNOW WHAT I'M GOING TO DO NEXT YEAR. SO I ONLY WANT TO PUT THIS MUCH, BUT IF YOU EVER KNOW HOW TO DO INVESTMENTS, YOU FEEL PUT A HUNDRED THOUSAND DOLLARS IN CERTAIN FUND THAT IT GROW TO 10 YEARS, 20 YEARS, THE GIRLS 20 TIMES, JUST LIKE YOUR PAY. IF YOU PAY 30 [01:10:01] YEARS, MORTGAGE BORROW 200,000, BUT 30 YEARS, YOU ALREADY PAID DOUBLE OF THE MONEY YOU BORROW. SO BY THE SAME TOKEN, I FEEL LIKE YOU'RE A GOOD DECISION MADE TODAY. SHOULD IT BE 30% REPEATING AND WITHOUT INTERFERING OR TRIPLE WHAT YOU FOUND READING. AND ALSO WE CAN OFFER SOME BENEFIT TO OUR CURRENT EMPLOYEES AND THE EMPLOYEES IN THE PAST. SO CAN WE, UH, UH, CAN YOU TOUCH ON ALSO, UM, WHEN YOU STARTED TO LOOK AT KIND OF THE DIFFERENT LEAVERS THAT YOU CAN MANIPULATE TO TRY TO GET THINGS RIGHT HERE, UM, THE VESTING REQUIREMENT, UH, CAN YOU SPEAK A LITTLE BIT TO THE BEST THING RIGHT, ANTHONY, OR WE CAN'T GO BACK AND WE CAN'T. UM, CAN YOU EXPLAIN HOW WE CAN'T FIVE YEARS REDUCE IT? NOT AN INQUISITIVE YEAH. THE FASTING REQUIREMENTS AND THE RETIREMENT ELIGIBILITY REQUIREMENTS. UM, WHAT ADDISON HAS IN PLACE. THERE'S NO WAY TO CHANGE. YOU CANNOT INCREASE TO 10 YEARS. YOU CANNOT INCREASE TO 25 YEARS FOR RETIREMENT ELIGIBILITY. YOU CAN GO THE OTHER DIRECTION, ALL NEW CITIES THAT COME INTO TEMARES THESE DAYS COME IN AT 20 YEARS AND IN FIVE-YEAR BESTIE, YOU CAN MAKE IT LESS RESTRICTIVE, MORE RESTRICTIVE. YEAH. SO WE'RE CURRENTLY AT FIVE YEARS VESTING, WHICH IS TO WORK FOR 20 YEARS AND YOU'LL GET RETIRED FOR CLARIFICATION. HOW DOES THE CITY MATCH WORK? THE CITY MATCHING DOLLARS. UH, IT TRULY IS A DOLLAR FOR DOLLAR MATCH. THE RATE THAT THE CITY PAYS, THAT, THAT YOU'VE SEEN ME TALK ABOUT THIS EVENING. AND THAT YOU HEARD STEVEN TALK TO YOU ABOUT THE CONTRIBUTION RATE THAT THE CITY MAKES INTO TMR S TWO, ONE THAT ENSURES THAT THE DOLLARS, THE ACTUAL ASSETS ARE ACCRUING TO MAKE THOSE DOLLAR FOR DOLLAR MATCHES. IT'S A TRUE, A DOLLAR FOR DOLLAR MATCH FOR EVERY DOLLAR THAT THE EMPLOYEES HAVE PAID IN. THE TOWN OF ADDISON HAS SET ASIDE TO, AND THAT'S INCLUDED IN THE LIABILITIES IN THE FUTURE. SO WHEN THEY'RE GETTING THEIR PENSION BACK, I PUT IN $50,000 AND WHATEVER THAT IS ANNUAL, THEN THEY WOULD GET DOUBLE WHAT THEY PUT IN. SO THAT'S, SO THAT HAS TO DO WITH THE GROWTH OF THE FUND. AND IN TODAY'S DOLLARS, IT'S NOT TWO TO ONE THAT WE'RE PUTTING IN, BUT IT'S IN TOMORROW'S DOLLARS WHEN THEY GET IT BACK IN THEIR PENSION. IT'S TWO TO ONE. I KNOW IT WORKS MORE LIKE YOU JUST DESCRIBED HERE AT THE END. NOW WHAT HAPPENS? WE PASS ON THE LIABILITY. YOUR TOTAL LIABILITY FOR ADDISON IS BROKEN DOWN INTO THREE COMPONENTS. YOU'VE GOT YOUR ACTIVE EMPLOYEES. YOU'VE GOT THOSE WHO HAVE WORKED FOR THE TOWN OF MADISON AND NO LONGER WORK HERE, BUT STILL HAVING A TOWN WITH CMRS FROM ADDISON AND HAVE NOT YET RETIRED. AND THEN YOU'VE GOT THOSE FOLKS, WHOEVER RETIRED. THOSE ARE YOUR THREE COMPONENTS THAT BUILD YOUR LIABILITIES AND YOUR PLANNING FOR THE ACTIVE EMPLOYEES. IT IS THE MATCHING DOLLARS THAT YOU'RE DESCRIBING RIGHT NOW THAT MAKES UP THE BULK OF THE LIABILITY IN YOUR PLAN. AND I'M BELIEVED THOSE TOTAL LIABILITIES. WHEN YOU LOOK AT ALL THREE COMPONENTS, THEY COME OUT TO RUN AT ABOUT 148 MILLION KNOTS RIGHT NOW, IF I DON'T TELL YOU THE ASSETS THAT YOU'VE ACCRUED, THAT IS A BIG, BIG NUMBER, BUT WHAT THE TOWN OF ADDISON HAS ACCRUED ASSETS ARE $142.4 MILLION, WHICH MEANS YOU'RE PLAYING ON. SO ABOUT 96% FUNDING BASED ON YOUR CURRENT PLAN DESIGN AND THE BULK OF THAT WE'RE SETTING ASIDE FOR THOSE MATCHING DOLLARS THAT THE CITY WILL PAY. WHEN A MEMBER FINALLY RETIRES FROM HERE. I WAS JUST LOOKING AT THAT MORE FROM AN EXAMPLE, FOR OUR COMPARISON TO WHAT PEOPLE WOULD GET FROM SOCIAL SECURITY, BECAUSE WE WANT TO THINK ABOUT WHAT, WHAT IT'S COMPARED TO. SO KIND OF HOW THAT RELATES BACK TO ADDISON, SOCIAL SECURITY IS DIFFERENT BECAUSE EVERY PAYCHECK YOU WILL TAKE OFF THE EQUAL AMOUNT OF 7.6, 5% OF FICA EMPLOYER WILL CONTRIBUTE TO THAT. [01:15:01] THE SAME AS EMPLOYEES DOES, RIGHT? SO THAT THAT'S SO, BUT THIS IS NOT A PART OF SOCIAL SECURITY. SO WE DON'T HAVE TO CONTRIBUTE THE 7.65%. SO INSTEAD WE MATCHED TWO TO ONE. IT DID, IT'S KIND OF RELEVANT BECAUSE NOT EVERYBODY ENJOY THAT BECAUSE YOUNG PEOPLE, THEY DON'T PUT TO 7% A YEAR. THEY WANT TO TAKE IT THE MONEY INTO THEIR OWN POCKET AND USE IT. SO ONLY FOR THOSE PEOPLE, THEY WILLING TO PUT 7% THE INCOME INTO IT SO THEY CAN ENJOY THAT. SO THAT'S THE CHOICE. THEY DO GET A CHOICE. WHEREAS PEOPLE THAT GET SOCIAL SECURITY, THEY DON'T GET A CHOICE OF PAYING IT OR NOT. THAT'S TRUE. IT IS REQUIRED. OH, REALLY? OKAY. SO, SO IF THERE NO OPT IN OR OPT OUT, IF YOU'RE, IF YOU'RE EMPLOYED HERE, LA THAT'S A GOOD POINT. HAVE COUNTRY HAVE NO OPTION. THERE IS NO OPTION. ANY MORE QUESTIONS FOR STEVEN? YOU KNOW, DO WE HAVE A CONSENSUS, YOU KNOW, OR HAVE YOU SOME, UH, SO THE, I FEEL LIKE PERSONALLY STRAIGHT SORTING, PRESENTED, REPEATING IS THE RIGHT CHOICE. YOU KNOW, I MEAN, THERE ARE SO MANY REASONS OUT THERE, SO IT OFFERED NOT THE BEST, THE SOMEWHAT REASONABLE AND THE CONVERSATION FOR THE RETIREES AND THE KOREAN EMPLOYEES IN THE MEANTIME, YOU KNOW, AND WE CAN KEEP ALL AAA BOUND READING. SO ONE STONE HIT, TWO BIRDS WERE RESPONSIBLE FOR CITIZENS AND ALSO EMPLOYEES. THAT'S. YEAH, THAT'S WHAT I FEEL THAT FOR THE 70 TO 72 EMPLOYEES THAT WOULD NOT HAVE BEEN, NOT RECEIVED ONE ON THE FIRST YEAR, ON THE SECOND YEAR, WE'LL DROP THAT DOWN TO 60 AND THEN THE THIRD YEAR WE'LL DROP IT DOWN TO 50. AND THEN WE GO DOWN TO 54 50, I MEAN, 44. AND THEN WE GO DOWN TO 40 AND THEN WE GO DOWN TO 32 AND THEN WE GO DOWN TO 36 AND THEN IN 2030, AND IT COULD BE FASTER BECAUSE INFLATION IS HIGHER THAN TWO AND A HALF. AND THEN WE DROPPED DOWN AT 23RD. SO 2030, WHEN ALL THE COMPANIES SAY THEY'RE GOING TO BE CARBON, THAT ZERO CARBON WE'LL HAVE OUR, WE'LL HAVE, UH, THE MAJORITY OF OUR RETIREES CAUGHT UP ON THE 30% COLOR. AND THEN THE FOLLOWING YEAR, WE SHOULD WIPE IT OUT IF WE'RE NOT ALREADY CAUGHT OUT. OKAY. MAKE SURE THEY ALL LIVE PILLS. IT'S MOTIVATION TO GET IN SHAPE. SO YOU CAN GET 30% COVID AND WE'RE NOT, WE'RE NOT FIXED TO THIS. A FUTURE COUNCIL COULD CHANGE WHAT WE DESIGNED, BUT IF THEY DECIDE NOT TO DO IT, IT'S A BIG LOSS, BUT THEN THEY HAVE TO CLEAN UP THE MESS. THEY WERE JUST A BIG LOSS, UH, YOU KNOW, NOT THEY, THE CITY LOST ALSO THE CITIZEN LOST. SO I DON'T THINK IT'S GOING TO BE A WISER DECISION TO DO THAT. YEAH. YEAH. SO WHAT I SAID, I'M CONSERVATIVE WITH THE TALENTS MONEY. UM, I THINK PEOPLE HERE PEOPLE OR MORE IMPORTANT, IT'S THE ADDISON WAY. IT'S A TWO WAY THING TO ME. AND NOT JUST FROM ADS, FROM THE EMPLOYEES TO THE RESIDENTS AND THE CUSTOMERS, BUT BACK TO THE EMPLOYEES. I THINK, I THINK IT IS RESPONSIBLE. WE HAVE, WE HAVE AN OPPORTUNITY TO NOT RAISE TAXES TO GET TO THIS. SO I WOULD BE SOMEWHAT RELUCTANTLY FAVORED IN ANYTHING. BUT I THINK THAT WE GOT TO THE POINT WHERE WE'VE, WE'RE NOT SUPPORTING OUR RETIREES BECAUSE THEY BUILT THIS TOWN AND I'M PROUD OF WHAT THEY DID. AND SO I WILL DEFINITELY BE IN FAVOR OF A 30% REPEATING. ALL RIGHT. NO MORE QUESTION. THANK YOU SO MUCH, STEVEN. OKAY. YEAH. SO ON THE, UH, ON THE TAX RATE. SO, UH, SINCE WE RECENTLY SOLD BONDS ON THE LAST COUNCIL MEETING, UH, THAT SALE CAME IN A LITTLE BIT BETTER THAN, THAN WE HAD BUDGETED. SO THERE'S ABOUT $70,000 IN SAVINGS PER YEAR FROM THAT SALE, WHICH MEANS THE PROPOSED INTEREST IN SINKING TAX RATE COULD BE REDUCED A LITTLE BIT. I WANTED TO BRING THAT TO COUNCIL'S ATTENTION, IF YOU WOULD LIKE ME TO ADVERTISE THIS UPDATED RATES. SURE. SO WE'RE GOING TO ADVERTISE OUR TAX RATES THIS FRIDAY. UM, SO WITH THIS CHANGE, I WANT TO MAKE SURE THAT I'M GETTING, GETTING THE CORRECT DIRECTION HERE, BUT, UM, WITH THE 30% REPEATING COLA AND WITH THIS CHANGE, UH, THE PROPOSED TAX [01:20:01] RATE COULD BE 60.98 TO 2 CENTS, WHICH IS STILL ABOUT HALF A HALF A CENT LOWER THAN WHAT THE CURRENT TAX RATE IS. 60.9822. THAT IS CORRECT. ALL RIGHT. AND ARE WE OKAY WITH THAT? THIS WILL BE THIS, THIS IS THE RATE THAT WILL BE ADVERTISED ON FRIDAY. ALL RIGHT. THAT SOUNDS LIKE A GOOD, NOT EVEN 61 CENTS, RIGHT UNDER 61. ALL RIGHT. THANK YOU SO MUCH. ANY MORE QUESTION? NOPE. THANK YOU, STEVEN. THANK YOU. LIKE BREAK AND THEN WE'LL COME BACK. ALL RIGHT. LET'S RESUME THE [2. Present and Discuss an Update on the Beltway Trail Project.] MEETING ITEM NUMBER TWO, PRESENT, DISCUSS AND UPDATE ON THE BELLWAY TRAIL PROJECT AND HEARING COUNCIL, JANET TIDWELL'S DIRECTOR OF PARKS AND RECREATION. I'M HERE TO SEE ME TO GIVE YOU AN UPDATE ON THE BELTWAY TRAIL PROJECT TO DO SO. I'D LIKE TO WALK YOU THROUGH A LITTLE BIT OF BACKGROUND OF HOW WE GOT HERE TODAY. UM, ON MAY 25TH, 2021, COUNCIL ADOPTED OUR CITY WIDE TRUST MASTER PLAN. AND IN THAT PLANET INCLUDED PHASE ONE RECOMMENDATIONS, WHICH WERE RECOMMENDED BECAUSE WE DO FROM THOSE RECOMMENDATIONS BELTWAY DRIVE THE TRAIL ONE BELTWAY DRIVE WAS IDENTIFIED AS A PHASE ONE PRIORITY PROJECT AND STAFF REQUESTED BUDGET FUNDS FOR IMPLEMENTATION. SO THE CONCEPTUAL DESIGN OF THE PROJECT IN SEPTEMBER OF 2021 COUNCIL ADOPTED THE BUDGET, WHICH INCLUDED $66,000 FOR THE BELTWAY DRIVE TRIAL PROJECT. THE PROJECT INCLUDES CONCEPTUAL DESIGN OF TRAIL DEVELOPMENT OF AN OPEN SPACE PLAN SOUTH OF ALISON GROW AND DEVELOPMENT OF A TRAIL SIGNAGE AND WAYFINDING PLAN. DECEMBER 14TH, 2021 COUNCIL APPROVED AN AGREEMENT WITH MOORE AUTO BOLTON. I ALWAYS MESS UP THAT NAME OR MIG FOR PROFESSIONAL SERVICES FOR CONCEPTUAL DESIGN OF THE ADDISON BELTWAY TRAIL PROJECT. JUST TO GIVE YOU A QUICK OVERVIEW, THIS IS A SEGMENT FROM THE TRAILS MASTER PLAN THAT SHOWS WHAT IS PROPOSED ALONG THE BELTWAY. DRY. WHAT IS PROPOSED IS BUFFERED BIKE LANES BETWEEN MARSHLAND AND MIDWAY RODE A BIKE BOULEVARD BETWEEN MIDWAY ROAD AND BELTLINE ROAD. UM, IDENTIFY LOCATIONS OF NEW WIDEN SIDEWALKS. AND THIS WAS IN THE SCOPE, UM, FOR REDDING TRAILS AND MIDWAY ROAD IDENTIFY LOCATIONS TO INTEGRATE THE EXISTING SIDEWALK INTO THE TRAIL SYSTEM FOR REDDING, TROUTS AND MIDWAY ROAD, UM, DEVELOP A LINEAR OPEN SPACE PLAN FOR THE GREEN SPACE SOUTH OF ADDISON DEVELOPED TRAIL SIGNAGE AND WAYFINDING STANDARDS WHEN APPROVING MIG IS PROFESSIONAL SERVICES AGREEMENT COUNSEL REQUESTED AT THE STAFF THAT MIG ALSO ANALYZE IF A TWO-WAY CYCLE TRACK ON THE NORTH SIDE OF BELTWAY WOULD BE MORE FUNCTIONAL THAN ABOVE HER BIKE LANE ON THE NORTH AND SOUTH SIDE OF THE ROAD DUE TO THE DRIVE APPROACH CONFLICTS AT THE ADDISON ATHLETIC CLUB. SO FOR YOUR COMPARISON, I PROVIDED PROVIDED A SECTION FROM THE TRAILS MASTER PLAN THAT SHOWS THE DIFFERENCE BETWEEN A BUFFERED BIKE LANE AND A TWO WAY CYCLE TRACK. UM, THE TWO-WAY CYCLE TRACK WOULD BE ON ONE SIDE OF THE ROAD WITH BOTH, UM, DIRECTIONS OF THE BIKE GOING IN THE SAME IN THAT SAME BUFFER AND A BUFFERED BIKE LANE WOULD BE ON BOTH SIDES OF THE ROAD WITH THE BICYCLES. FOLLOWING TRAFFIC. PUBLIC INPUT IS A VERY IMPORTANT, UM, COMPONENT OF NOT ONLY JUST THE TRAILS MASTER PLAN, BUT ALSO AS WE START TO IMPLEMENT THE TRAILS MASTER PLAN, WHICH IS WHAT WE'RE DOING WITH THIS PROJECT. UM, SO AN ONLINE SURVEY WAS CONDUCTED BETWEEN APRIL 4TH AND MAY 19TH FOR 36 DAYS. THE SURVEY IS ACTIVE AND 168 PEOPLE PARTICIPATED IN ANSWER TO COMBINED TOTAL OF 674 QUESTIONS. ONE OF THE IMPORTANT THINGS TO NOTE IS WE DID ASK PEOPLE WHO TOOK THE SURVEY, WHAT PORTION OF ADDISON THAT THEY LIVED IN. UM, THE BELTWAY TRAIL PROJECT IS IN WHAT IS NOTED OR NOTED AS SOUTHWEST ADDISON AND THE MAJORITY 80% OF OUR RESPONDENTS LIVE IN SOUTHWEST. ALISON, WE ASKED SOME VERY SIMPLE QUESTIONS ABOUT HOW OFTEN PEOPLE USE BELTWAY DRIVE. UM, HOW DO THEY CURRENTLY TRAVEL? UH, THE MAJORITY OF OUR RESPONDENTS [01:25:01] USE IT DAILY AND THEY TRAVEL MOSTLY BY CAR WALKING BELOW THAT. AND THEN BY AT THE BOTTOM, IF YOU WERE A MEMBER IN OUR, UM, COMMUNITY INPUT SURVEY, ONE OF THE THINGS THAT WAS IDENTIFIED AS NEEDING IMPROVEMENT WITH ACCESS TO BIKE TRAVEL IN ADDISON REFLECTS THAT. UM, WE ALSO PUT TOGETHER WITH A CONSULTANT, A SERIES OF SIX QUESTIONS TO ASK, UM, I'M NOT GOING TO READ THESE BECAUSE WE'RE GOING TO GET TO SOME SLIDES THAT WE'LL HAVE THOSE QUESTIONS ON HERE, BUT I WANTED YOU TO HAVE AN OVERVIEW OF WHAT THOSE QUESTIONS ARE, UM, WAS ON STREET. RICK WAS IN REGARD TO ON STREET BICYCLE IMPROVEMENTS BETWEEN MARSH LANE AND THE GRAN DRIVE, UM, PARTICIPANTS WERE PROVIDED THIS OPTION OPTION A, WHICH SHOWED A SINGLE DIRECTION BUFFERED BIKE LANE. SO THIS IS THE BIKES ON BOTH SIDES OF THE ROAD. AND WE PROVIDED PRETEND PARTICIPANTS THE BENEFITS AND THE TRADE-OFFS OF THIS OPTION. THIS IS THE OPTION THAT IS RECOMMENDED IN THE CURRENT ADOPTED CITYWIDE CHARLES' MASTER PLAN. AND THEN WE ALSO PROVIDED OPTION B, WHICH WAS A TWO-WAY CYCLE TRACK ONLY. AND IN ADDITION PROVIDED THOSE BENEFITS AND THOSE TRADE-OFFS, THIS OPTION WAS AT THE REQUEST OF COUNSEL TO BE CONSIDERED. THIS HAS, UM, THIS PROPOSAL WOULD HAVE A TWO WAY CYCLE TRACK ON THE NORTH SIDE OF BELTWAY DRIVE. WE ASKED PARTICIPANTS, WHICH OPTION DO YOU MOST PREFER FOR ON-STREET BICYCLE IMPROVEMENTS? 41 OF THE RESPONSES FAVORED SINGLE DIRECTION, BUFFERED BIKE LANES, AND 34 OF THE RESPONSES FAVORED TWO WAY CYCLE TRACKS, AND THEN 25 RESPONSES FAVORED THE EXISTING CONDITIONS SO THAT THE ROAD TO BE LEFT AS GOOD AS THERE WERE SEVEN MORE BOATS FOR THE SINGLE DIRECTION BIKE LANES ON BELTWAY DRIVE. UM, I CONSIDERATION FOR A TWO-WAY CYCLE TRACK WAS ALSO WELL RECEIVED BY A SLIGHTLY SMALLER MAJORITY. THE BENEFITS OF THIS OPTION ARE SIMILAR TO THE BENEFITS OF A CYCLE TRACK WITH SIGNIFICANT TRADE-OFF. IF THIS OPTION IS INCREASED TURN LANE CONFLICT AT HIGH INTERSECTIONS ON THE SOUTH SIDE OF BELTWAY, THIS INCLUDES ADDISON ATHLETIC CLUB. UM, IF YOU'RE DRIVING ON BELTWAY, THE ROADS ON THE SOUTH SIDE HAVE MORE TRAFFIC COMING TO, AND FROM THOSE NEIGHBORHOODS, SO MIDWAY OR THE MIDWAY MEADOWS AREA, LEGRAND, UM, PROTON DRIVE, PLAY BLOCKS AND THE ADDISON ATHLETIC CLUB, ALL OF THOSE INTERSECTIONS ON THE SOUTH SIDE OR HIGHER TRAFFIC INTERSECTIONS, UM, THERE'S ALSO A CLASS, SOME COST SAVINGS ANTICIPATED ON A MAINTENANCE OF A TWO-WAY CYCLE TRACK. AND WE'LL GET INTO THAT A LITTLE BIT. AND THOSE COST SAVINGS ARE SLIGHT. THE SECOND QUESTION THAT WE ASKED RESIDENTS, OUR PARTICIPANTS IS WHAT THEY WOULD LIKE TO SEE IN REGARDS TO SIDEWALK IMPROVEMENTS BETWEEN READY TRAIL AND WHEN GRAN DRIVE THAT SECTION OF SIDEWALK IS VERY NARROW. IT DOES NOT, IT DOES NOT MEET OUR TRAIL WITH STANDARDS THAT WE HAVE. IT'S MORE OF A SIDEWALK, BUT IT'S AN IMPORTANT CONNECTION POINT. UM, THERE ARE ALSO SIGNIFICANT AMOUNTS OF UTILITIES IN THE AREA AND SOME SIGNIFICANT EXISTING SHADE TREES THAT HAVE A LOT OF SIZE TO THEM. AND SO WE ARE VERY MINDFUL ABOUT WHAT WE'RE ASKING IN THIS QUESTION, BECAUSE IF WE WERE TO COME IN AND FOLLOW THE TRAILS MASTER PLAN TO A T, UM, WE'D BUILD A BUFFER AND THEN WE WOULD BUILD A WIDENED SIDEWALK AND WE WENT IMPACT ALL OF THOSE SHADE TREES ON BELTWAY DRIVE. AND WE UNDERSTAND THE IMPORTANCE TO THE COMMUNITY OF WHAT THOSE TREES MEAN TO THAT STREET AND THE SIGNIFICANCE. AND SO WE WANTED TO ASK THE QUESTION TO GAUGE WHERE OUR COMMUNITY STOOD ON THEIR PREFERENCES REGARDING KEEPING THE EXISTING SIDEWALK THAT'S THERE AND PRESERVING THE TREES OR WHY ME AND THE SIDEWALK, AND HAVING TO REMOVE SOME OF THE TREATS. WE ALSO, UM, SO THIS IS ONE OF, SO ONE OF THE OPTIONS THAT WE GAVE WAS WITHOUT TREE CONFLICTS. AND THEN WE SHOWED A WIDENED SIDEWALK, UM, WITH A LANDSCAPE BUFFER AND THIS WOULD HAVE SOME TREE CONFLICTS. AND THEN, UM, WE ASKED PARTICIPANTS WHAT THEIR, UM, PREFERRED WAS, AND IT WAS AN OVERWHELMING AMOUNT, 39 OR 46% OF THE PARTICIPANTS WANTED WIDENED SIDEWALK ONLY AT LOCATIONS WITHOUT TREES. SO THE DESIRE WAS TO KEEP THE EXISTING SIDEWALK WE HAVE, IF IT WAS GOING TO IMPACT THE EXISTING TREES THAT WE HAD ON BELTWAY ROAD. THE THIRD QUESTION THAT WE ASKED TO PARTICIPANTS, UM, WAS IN [01:30:01] REGARDS TO THE SIDEWALK AND ON STREET IMPROVEMENTS BETWEEN THE GRANDE AND MIDWAY ROAD. AND WE PROVIDED SEVERAL OPTIONS, OPTION A WAS A SINGLE DIRECTION, BUFFERED BIKE LANE WITH A BUFFERED SIDEWALKS. SO THIS IS SIMILAR TO WHAT WE TALKED ABOUT BETWEEN MARSH AND REDDING TRAIL, THAT WE WOULD HAVE BIKE LANES ON BOTH SIDES OF THE ROAD, THE NORTH AND SOUTH. AND THEN WE WOULD HAVE A WIDE NEW SIDEWALK IN THE GREEN SPACE AREA WHERE, WHERE WE'RE SOUTH OF ADDISON GROVE. AND THEN WE ALSO PROPOSE THE CYCLE TRACK, WHICH WOULD BE ON THE NORTH SIDE OF THE ROAD, ALONG WITH THE BUFFERED SIDEWALK FOR THIS SECTION. AND THEN THE THIRD, UM, PROPOSITION WAS AN OFF STREET TWO-WAY CYCLE TRACK. SO WHAT THIS IS PROPOSING IS WHEN THE ON STREET BIKE LANE WOULD GET TO LOOK HER IN AND DRIVE, IT WOULD GO INTO THE GREEN SPACER ITSELF ABOUT US AND GROWTH. SO IT WOULD GO OFF STREET AND IT WOULD GO INTO THE GREEN SPACE AREA THAT THE CITY MANAGES. THERE WERE 36% OF RESPONDENTS THAT PREFERRED THE OFF STREET CYCLE TRACKS. SO WHAT IS PROPOSED HERE? UM, BASED ON THE SURVEY IS WHEN THE CYCLE TRACK, IT'S STILL A GRANT, IT WILL GO INTO THE GREEN SPACE WHERE THE ADDISON GROVE SOUTH OF THE ADDISON GROWTH PROPERTY. UM, THERE WERE 28% THAT PREFERRED BUFFERED BIKE LANES, UM, 22% THAT PREFERRED THE EXISTING CONDITIONS. AND THEN 14% THAT PREFERRED THE ON STREET TWO WAY CYCLE TRACK ON THE TRAILS MASTER PLAN AND BUY BOULEVARD IS ALSO POST BETWEEN THE MIDWAY ROAD IN BELTLINE ROAD. SO AS BELTWAY CROSSES MIDWAY, UM, IT WOULD TRANSITION FROM AN ON STREET BIKE LANE, A SHARED BIKE LANES. SO IT WOULD JUST BE THE BIKE SYMBOL THAT'S MARKED ON THE ROAD. AND THAT'S ALERTING MOTORISTS THAT BICYCLES CAN SHARE THE ROAD AND THE SHARE THE LANE. THIS WAS BASED ON THE RECOMMENDATION OF THE TRAILS MASTER PLAN 49, UM, OR 65% OF THE RESPONSES FAVORED THE BIKE BOULEVARD. AND 35% FAVORED THE EXISTING CONDITIONS. WE ALSO ASKED, UM, RESIDENTS IF WE WERE TO RE-IMAGINE THE GREEN SPACE SOUTH OF THE ADDISON GROVE DEVELOPMENT, UM, THAT GREEN SPACE HAS BEEN IMPACTED BY SOME STORM DAMAGE AND WE ARE IN NEEDS OF REFRESHING IT. AND SO THIS IS A GOOD TIME FOR US TO GATHER FEEDBACK. AND WHAT WE HEARD FROM THE COMMUNITY, UM, IS THAT THE MAJORITY OF THE PARTICIPANTS, UM, PREFER THAT THAT SPACE STAYS PASSIVE A PASSIVE SPACE THAT IS HALF LANDSCAPING AND QUIET SPACES. WE ALSO ASK PARTICIPANTS WHO GO TO THE GREEN SPACE FREQUENTLY, WHAT DO THEY DO IN THAT SPACE? AND SO WE HAVE THAT INFORMATION, UM, CAN USE IS WHERE MOVING FORWARD WITH THE PROJECT WE ASK, IN ADDITION TO WALKING PATHS, WHAT OTHER ELEMENTS WOULD YOU PREFER TO SEE INCORPORATED INTO THE SPACE? UH, WHITING WAS THE NUMBER ONE RESPONSE ALONG WITH POLLINATOR PATCHES, PUBLIC ART AND PLANT ID TAGS. UM, WE'RE UP CLOSE TO THE TOP. THE PREFERRED OPTION OF THE SURVEY PARTICIPANTS OF SURVEY PARTICIPANTS WAS TO KEEP THE PARTICIPANTS PASSIVE. AS I MENTIONED, UM, THIS WOULD INCLUDE ADDING SEATING, SOME ENHANCED LANDSCAPING, INCLUDING ADDITIONAL LIGHTING, AND THEN LOOKING INTO THOSE, UM, ELEMENTS THAT WERE PREFERRED, THE POLLINATOR PATCH, PUBLIC ART AND ID TAGS, I'VE PUT TOGETHER A MAP THAT REFLECTS, UM, IF WE WERE GOING TO IMPLEMENT THE CHILD PROJECT SOLELY BASED ON THE PUBLIC INPUT THAT WE HEARD. UM, AND SO THIS MAP SHOWS THAT WE WOULD HAVE A SINGLE DIRECTION, BUFFERED BIKE LANES STARTING AT MORE STRIVE, AND IT WOULD TRAVEL, OR IT WOULD CONNECT ALL THE WAY TO THE REDDING TRAIL. SO WE HAVE FIVE LANES ON BOTH SIDES OF BELTWAY DRIVE. AND THEN, UM, WE WOULD WIDEN THE SIDEWALK AT SURVEYOR 450 FEET PAST THE REDDING TRAIL. SO THERE'S A LITTLE SECTION THAT WE COULD WIDEN THE SIDEWALK PAST THE READY TRAIL AND PAST SURVEYOR, AND THAT WE COULD WIDEN THE SIDEWALK AT THE ADDISON GROVE DEVELOPMENT. UM, AND THAT WOULD PRESERVE ALL THE TREES. THERE WOULD BE NO TREES THAT WOULD BE IMPACTED. AND THEN ONCE WE GET TO THE GREEN SPACE SOUTH OF ADDISON GROVE, WE WOULD HAVE A TWO WAY OFF STREET BIKE LANE AND ALSO A PEDESTRIAN PATH. SO WE'D TAKE THE EXISTING SIDEWALK THAT'S THERE AND MOVE IT MORE INWARD AND HAVE A BIKING. AND THEN WE WOULD HAVE, AS YOU CROSS MIDWAY, WE WOULD HAVE A BIKE BOULEVARD [01:35:01] ON THE NORTH AND SOUTH, WHICH IS A SHARED LANE WITH CARS. ONE OF THE THINGS THAT STAFF WAS LOOKING AT, UM, THAT STAFF, WHEN IT COUNCIL TO CONSIDER IS IF WE MADE A SLIGHT ADJUSTMENT TO THE CITIZEN SURVEY, BECAUSE THERE WERE SEVEN PEOPLE I THINK DIFFERENCE IN BETWEEN HAVING A BIKE LANES ON BOTH SIDES OF THE ROAD ON BELTWAY AND HAVING BIKE LANES, JUST SHARE TWO DIRECTION ON THE NORTH SIDE. UM, WE FEEL LIKE THAT WOULD INCREASE THE SAFETY OF THE BIKE LANES ON BELTWAY, BECAUSE IT WOULD LIMIT THE IMPACTS OF HIGH INNER OR HIGH TRAFFIC INTERSECTIONS AND IMPACTS OF TRAFFIC AND CYCLIST CONNECTING AT THE ADDISON ATHLETIC CLUB. SO THIS MAP REFLECTS STAFF'S RECOMMENDATION, WHICH IS A SLIGHT ADJUSTMENT FROM WHAT WE HEARD FROM THE PUBLIC. UM, BUT THERE WAS PUBLIC SUPPORT FOR THIS ALMOST EQUAL. SO WE WANTED TO MENTION THAT SAFETY ASPECT TO COUNCIL. UM, THE OTHER THING THAT'S DIFFERENT ABOUT WHAT IS PROPOSED HERE IS THIS DOES REMOVE THE EXPANSION OF THE SIDEWALK AT REDDING TRAIL AND SURVEYOR. AND THE REASON IT DOES THAT IS IT'S A SMALL SECTION OF SIDEWALK WIDENING, AND IT WOULD NOT IMPACT TREES THAT THERE ARE SO MANY UTILITIES IN THOSE LOCATIONS THAT IT WOULD BE VERY INVASIVE TO GO IN AND DO A CONSTRUCTION PROJECT AND, AND THE REWARD FOR THE SMALL AMOUNT OF TRAIL SYSTEM THAT WE WOULD GAIN. UM, I DON'T FEEL LIKE WOULD OUTWEIGH THE DISCOMFORT THAT WE WOULD GO THROUGH IN, UM, TRYING TO RELOCATE AND THE COST RELOCATING ALL OF THOSE UTILITIES. SO STOUT'S RECOMMENDATION WOULD BE TO WAIT UNTIL THOSE PROJECTS, THOSE DEVELOPMENTS CLOSE BY IF THEY EVER REDEVELOPED, THAT WOULD BE THE TIME TO LOOK AT COMING IN AND WIDENING THOSE SIDEWALKS. THAT WOULD BE MORE BENEFICIAL. SO THIS IS AN OVERVIEW OF, UM, WHAT WE JUST TALKED ABOUT. UM, STAFF RECOMMENDS INCLUDING A TWO-WAY BUFFER BY GREEN, BETWEEN MARSH LANE AND THE GRAND DRIVE ON THE NORTH SIDE. UM, STAFF RECOMMENDS KEEPING THE EXISTING SIDEWALK BETWEEN SURVEYOR AND THE GRAND IN PLACE, BUT CONSIDER WIDE NEEDED IN FUTURE TRANSITION TO A TWO-WAY BUFFER BIKE LANE TO AN OFF STREET BIKE LANE BETWEEN THE GRAND AND MIDWAY. UM, AND NOTE THAT THE BIKE LANES AND WIDE SIDEWALK AT ADDISON GROVE WILL NEED TO MERGE AS THEY CROSS MIDWAY, WHICH THIS IS A VERY SAFE WAY TO GET, START, TO GET, UM, CYCLISTS AND PEDESTRIANS ACROSS THE ROAD. UM, WE TRANSITIONED FROM A BUFFERED BIKE LANE TO BIKE BOULEVARDS BETWEEN MIDWAY AND BELTWAY. AND THEN, UM, KEEP THE GREEN SPACE SOUTH OF ADDISON GROVE DEVELOPMENT, PASSIVE WITH ENHANCED LANDSCAPE AND SEATING. I KNOW THAT WAS A LOT, IT WAS VERY COMPLICATED. LOOK AT BIKE LANE PROJECTS. SO I WANT TO, UM, HEAR ANY DISCUSSION THAT YOU HAVE BECAUSE OUR NEXT STEPS WILL BE GIVING OUR CONSULTANTS SOME DIRECTION SO THEY CAN TAKE, UM, THEY INITIAL PLANS THEY'VE BEEN DEVELOPING AND FINISHED THEIR CONCEPTUAL DESIGN. UM, ONE OF THE ELEMENTS THAT WE HAVE IN OUR BUDGET FOR THE NEXT FISCAL YEAR IS FOR FUNDS TO HAVE THE CONSULTANT DEVELOP CONSTRUCTION DOCUMENTS. AND, AND WE CAN TAKE THIS PROJECT A LITTLE OVER INTO THE NEXT FISCAL YEARS, THE CONSULTANTS WRAPPING THIS UP, BUT, UM, AT SOME POINT WE'LL NEED TO START DEVELOPING THOSE CONSTRUCTION DOCUMENTS. SO THIS IS STEP ONE TO SENT TO THAT DIRECTION. CAN YOU DO THIS, JENNA, GO BACK TO THE MAP, THE SLIDE. YEAH, THE STAFF RECOMMENDATION OR THE ONE THAT'S SOLELY BASED ON COMMUNITY STEPH RECOMMENDATION. YEAH. AND THEN YOU JUST RAPED. WE ITERATE WHAT YOU'RE GOING TO DO SO EVERYBODY CAN ACTUALLY SEE WHICH SECTION TO WHICH SECTION IS, IS A, TWO-WAY A BIKE TRAIL FROM LIKE A MARSH TO A LONG RUN, YOU KNOW, SO I'M GOING TO START AT MARSH LANE. AND IF WE LOOK AT BELTWAY DRIVE FROM MARSH LANE, ALL THE WAY TO THE GRAND, IT WOULD BE A TWO WAY BUFFERED BY PLANE ON THE NORTH SIDE OF BELTWAY DRIVE. AND THEN WHEN WE GET TO LE GRANDE DRIVE, THE BIPLANE BECOME AN OFF STREET BIKE PLANE. SO IT WOULD MOVE INTO THE GREEN SPACE AND IT WOULD MERGE WITH THE WIDE SIDEWALK THAT'S IN THE GREEN SPACE AT THE INTERSECTION OF MIDWAY ROAD. AND THEN WHEN IT CROSSES MIDWAY ROAD, THE BIKE LANES WOULD BECOME A SHARED BIKE LANE THAT JUST HAS MARKING ON THE ROAD. SO IT'S NOT, IT DOESN'T HAVE A BARRIER SEPARATING THE BIKE LANE FROM THE CARS, THE CARS AND BIKES WOULD USE THE SAME LANE. HOW WAS THAT TRANSITION WORKS? CAN YOU FROM BIKES ON, FROM BIKES ON THEIR OWN LANE TO SHARING THE ROAD? [01:40:01] THERE'S A LOT OF EXAMPLES, UM, IN, IN URBAN AREAS THAT SHOW THAT ARE REALLY EFFECTIVE AND HOW THAT WORKS THE MOST EFFECTIVE WAY. AND THE SAFEST WAY IS WHEN YOU MAKE THAT TRANSITION AT AN INTERSECTION, BECAUSE YOU ARE ALREADY DIRECTING YOUR CYCLISTS TO SLOW DOWN AND STOP AND MERGE WITH THE SIDEWALK TRAFFIC AS WE'RE DOING IN THIS SITUATION. AND SO AS THEY CROSSED THE STREET, THEN WE WOULD, UM, HAVE A LITTLE BIT OF WORK DONE AT THE CURB THAT THEN WOULD DIRECT THEM ONTO THE ROAD. SO, AND THAT WOULD HAPPEN AT LA GRANDE DRIVE. THAT WOULD HAPPEN. THE SHARED BIKE LANES WOULD HAPPEN AT MIDWAY ROAD, AS YOU CROSSED MIDWAY ROAD. AND OF COURSE, AFTER THEY ARE CROSSED MIDDLEWARE YOU, SO BASICALLY YOU JUST USE THE SAME, SAME, UH, HYDROCODONE, SAME TWO-WAY TRAFFIC VISIT DOWN BELLWAY OVER THE EAST SIDE. SO YOU CAN RIDE YOUR BICYCLE ON BOTH SIDES, BUT HOWEVER, YOU'RE GOING TO HAVE A MARKING, UM, ON THE GROUND. SO IF YOU GO TO FARMER'S BRANCH, THEY HAVE A LOT OF STREET DOWN VALLEY VIEW LIKE THAT, YOU KNOW, ON VALLEY VIEW, YOU CAN JUST DRIVE OVER THERE AND TAKE A LOOK. BUT YOU, IF YOU SEE THE BIKE CYCLIST, YOU NEED A YIELD. YOU KNOW, SO THAT'S THE CASE. THAT'S ONE OF THE THINGS I WOULD LIKE TO ALSO POINT OUT BASED ON THAT QUESTION IS WHERE THE BIKE LANE TRANSITIONS TO THE GREEN SPACE ATLA GRANT THAT IS MUCH MORE EFFICIENT WITH LESS CONFLICTS. IF WE HAVE TWO WAY BIKE LANES ON THE NORTH SIDE, BECAUSE ALL THE BIKE TRAFFIC IS ALREADY ON THE NORTH SIDE OF BELTWAY. AND THEN THEY'RE JUST THEIR PATH OF TRAVEL IS JUST MOVING INTO THE GREEN SPACE WHERE IF WE WERE TO HAVE THE TWO WAY BIKE LANES, WE WOULD BE HAVING TO TAKE CYCLISTS AT LEGRAND CROSS BELTWAY TO GET INTO THE GREEN SPACE. SO THAT'S ONE ADDITIONAL CONFLICT THAT WE WERE LOOKING AT. AND THAT'S WHY WE RECOMMEND THIS LAYOUT IS THE SAFER LAYOUT. OKAY. SO SPECIFICALLY MIDWAY ROAD INTERSECTION GOING EAST, IF YOU'RE ON A BIKE NORTH SIDE DRIVE WHO DRIVE ACROSS GOING EAST, AND THEN YOU TO GET TO GET INTO THE BIKE BOULEVARD ON THE SOUTH SIDE. YES, YOU WOULD, YOU WOULD CROSS AT THE INTERSECTION JUST LIKE A SIDEWALK WOULD CROSS. AND THEN AFTER YOU GET TO THAT INTERSECTION, THERE WOULD BE SOME SIGNAGE AND STRIPING ON THE ROAD THAT THEN WOULD DIRECT THE BIKES ONTO THE LANE. AND HOW FAR AWAY DOES THAT HAPPEN FROM THE INTERSECTION? THAT'S OUR NEXT STEP OF DESIGN. OKAY. SO THAT IS JAKE'S, JAKE'S THE NEW JAKE'S SO HALFWAY DOWN JAKE'S ALL THE WAY PAST JAKE'S IT WOULD NOT BE ALL THE WAY DOWN PAST JAKE'S. CAN I ASK A QUESTION? SO YOU'RE GOING TO HAVE THE BIKE BOULEVARD ON THE NORTH SIDE AND THE SOUTH SIDE, BOTH LANES, BOTH, BOTH DIRECTIONS ON, OVER ON BELTWAY, EAST OF MIDWAY. SO YOU WOULDN'T HAVE TO CROSS THE LANE ON BELTWAY. YOU'RE GOING STRAIGHT ACROSS, BUT I GUESS YOU WOULD HAVE AT . SO IT'S A LITTLE BIT CONFUSING IN HERE. YEAH. SO NORTH SIDE, THE SOUTH SIDE. SO BECAUSE YOU PUT IT ON THE GREEN SPACE FOR EDISON GROVE TO MEET AWAY. SO YOU NEED TO GO DOWN TO THE SOUTH SIDE BEFORE YOU CROSS THE STREET MIDDLEWEIGHT Y'ALL THEN YOU CAN KEEP ON THE RIGHT SIDE. OTHERWISE YOU WILL CROSS THE MIDDLEBURY OFFERS ON THE NORTH SIDE. YOU STILL NEED TO GO DOWN TO THE SOUTH WHEN YOU'RE RIGHT ON THE BOULEVARD THAT THAT'S CONFUSING. IT COULD BE ONE OF THOSE TWO THINGS YOU COULD EITHER CROSS THE FOUR MIDWAY OR YOU COULD CROSS. YEAH. SO JANA, ARE THEY GOING TO HAVE THEIR OWN LIGHT SIGNAL TO CROSS? UM, I LOOKED AT SHANNON CAUSE HE AND I HAVE HAD SOME DISCUSSIONS ABOUT THIS AND NOT AT THAT INTERSECTION, IT WOULD BE THE SAME AS PEDESTRIAN LIGHT TO CROSS. THE CONCERN IS ALWAYS SAFETY. WHEN YOU INTRODUCE, UM, BIKES ONTO THE ROADWAY. SO, YOU KNOW, I'M IN, I'M IN FAVOR. I LIKE YOUR RECOMMENDATION. STAFF'S RECOMMENDATION AND TRANSITION TO WAY BUFFERED BIKE LANES TO AN OFF STREET QUESTION FOR, OH, SO NOT ONLY, UH, I'VE NOTICE IN A LOT OF STREETS, YOU GOTTA, [01:45:01] THEY GOT A MARKET AND THE PEN ON THE RIGHT AWAY. BUT HOWEVER, DO WE HAVE ANY SIGN IN THE FUTURE ON THE, ON THE TWO SIDES OF THE ROAD TO REMIND DRIVERS, DRIVING CARS BE CAREFUL. SO THAT'S WHAT MY CONCERN, YOU KNOW, IT WAS SOMEBODY DROVE TOO FAST, YOU KNOW, DIDN'T SEE THE CAR ON THE BOULEVARD, THEY'RE GONNA RUN OVER THEM. SO EITHER WAY, TWO WAYS OR BUFFERED BITE LAND IS RATHER SAFE, BUT THEN YOU WOULD TALK ABOUT FIVE BOULEVARD, YOU KNOW, THEN SHARES, SHARE THE ROAD WITH CARS. THAT'S MORE THAN IF THERE IS, UM, AN INCREASED, UM, RISK WHEN YOU'RE COMBINING CARS AND CYCLISTS. UM, WHEN WE WERE IN THE TRAILS MASTER PLAN PROCESS, WE WERE ALSO LOOKING AT THE FACT THAT WE WOULD HAVE A SIGNIFICANTLY REDUCED NUMBER OF CYCLISTS THAT WOULD EXTEND, UM, CROSSING MIDWAY. UM, THE BIGGEST BENEFIT OF THIS BIKE LANE CONNECTION IS IF YOU CROSS MARSH, YOU ACTUALLY CONNECT WITH THE CITY OF FARMERS' BRANCHES, BIKE LANES. UM, AND SO IT'S MORE OF A, A CORRIDOR FOR CYCLISTS WHO ARE KIND OF YOUR, UM, FREQUENT CYCLISTS. WE'RE GOING TO HAVE DIFFERENT LEVELS OF CYCLISTS AND THE ONES THAT ARE VERY FAMILIAR WITH RIDING THEIR BIKES ON TRAFFIC. IT IS PROVIDED FOR THEIR BENEFIT. UM, WE'LL HAVE LOWER LEVELS, USERS OF CYCLISTS, PEOPLE THAT ARE LEARNING TO RIDE THEIR BIKES ON THE STREETS AND BE DELINEATED, THE SEPARATION OF THE BIKE LANES ALONG BELTWAY, UM, THEY'RE IN OUR TOP PRIORITY. AND THAT'S WHY THERE'S THAT SEPARATION PROVIDED THE, SO ARE YOU TAKING FROM MARSH TO SURVEYOR THAT GOING TO MAKE THAT A TWO LANE STREET, AS OPPOSED TO A FOUR LANE STREET, WE WILL LOSE A LANE OF TRAFFIC ON THE NORTH SIDE. WE CAN ALSO LOOK AT, AND THIS IS OUR NEXT STEP. WE'LL HAVE OUR CONSULTANT LOOK AT, AS HE RECEIVES YOUR DIRECTION ON THE SOUTH SIDE, WE COULD TAKE, BECAUSE, YOU KNOW, THERE'S THE MEDIAN THERE WITH THE FORK, WHICH DIVIDES THE TWO LANES. WE COULD TAKE ONE OF THOSE LANES AND STRIPE IT. SO WE HAVE X XL OR SELL DIESEL LANES INTO AN OUT OF THE ATHLETIC CLUB. AND SO THAT'S AN OPTION IF WE WANTED TO HAVE TWO LANES OF TRAFFIC AND NOT ONE ON ONE SIDE AND TWO ON THE OTHER SIDE FOR BEHIND VEHICLES, IF THAT MAKES SENSE. UM, WE HAD REACHED OUT TO OUR TRAFFIC ENGINEER AND BASED ON THE TRAFFIC NUMBERS THAT HE HAS, UM, HE SAYS THIS WOULD NOT CAUSE IMPACTS TO CONVERT THAT LANE TO BIKE LANES AND TO TAKE THAT OTHER LANE AND CONVERT THAT TO X XL DIESEL LANES INTO THE ATHLETIC CLUB. ALL RIGHT. AS I THOUGHT IT, YEAH, AS I LOOKED AT WHAT YOU GAVE US, IT SAID THAT BY, FOR MOVING THOSE LINES, THAT IT ACTUALLY SLOWS TRAFFIC DOWN AND MAKES THINGS SAFER TO ME. THAT'S TOTALLY COUNTER INTUITIVE. SO CAN YOU EXPLAIN HOW THAT HAPPENS? SURE. UM, THE BEST EXPLANATION I'VE HAD FOR THAT FROM AN ENGINEER WAS WHEN YOU'RE DRIVING DOWN THE ROAD AND THERE'S CONCRETE BARRIERS ON BOTH SIDES OF YOU, ALTHOUGH YOU HAVE THE SAME AMOUNT OF ROOM THAT YOU HAVE IN YOUR NORMAL CAR LANE, YOU INTUITIVELY SLOW DOWN BECAUSE YOU FEEL LIKE THINGS ARE CLOSER TO YOU AND YOU NEED TO BE MORE MINDFUL OF YOUR ACTIONS. AND IT'S THE SAME THING IN TRAFFIC CALMING. WHEN WE START TO NARROW THE ROADWAY AND MAKE IT FEEL SLIGHTLY MORE CONSTRICTED PEOPLE DON'T BLOW THROUGH THERE BECAUSE THERE IS A DEGREE OF COMFORT THAT IS BEING DIMINISHED IN THAT SCENARIO. SO THAT MIGHT ALSO MAKE IT WHERE PEOPLE AREN'T GOING TO BLOW THROUGH THAT STOP SIGN, THAT I'M NOT GOING TO MAKE THAT PROMISE, BUT IT WILL HELP. IT'S NOT, WE'RE STILL GOING TO SEE PROBLEMS, BUT IT WILL HELP MOVE US IN THE RIGHT DIRECTION. SO ANOTHER QUESTION, IF THE PARK IS SUPPOSED TO BE PASSIVE THERE AT ADDISON GROUP, WHY WOULD WE PUT A BICYCLE LINE THROUGH THE PARK? THE BICYCLE LANE, UM, IS LIKE A TRAIL SYSTEM. WE ALREADY HAVE A SIDEWALK PATH FOR PEOPLE TO WALK THROUGH THERE. NOW WE WOULD HAVE THAT AT THE EDGE OF THE ROADWAY. AND THEN WE WOULD PROVIDE SEPARATION BETWEEN THE GREEN SPACES THAT ARE PROVIDED FOR PEOPLE. SO THERE WOULD BE PASSIVE SPACE SEPARATE FROM THE OPEN SPACE, WHICH OPTION IS THAT? [01:50:04] THAT'S THE, UM, QUESTION THAT WE ASKED, QUESTION TWO, WHAT I'M LOOKING FOR THOSE SEX STREET SECTION THAT SHOWS THAT THE SCRIPT QUESTION THREE, RIGHT? SO AT THIS POINT WE ASK THE QUESTION, UM, SHOULD WE HAVE BIKE LANES ON THE STREET AND SHOULD THEY BE TOO DIRECTIONAL OR ARE ON EACH SIDE OR SHOULD WE MOVE THE BIKE LANES INTO THE GREEN SPACE? AND THE COMMUNITY INPUT THAT WE HEARD, UM, WAS IN PREFERENCE OF MOVING THE BIKE LANES INTO THE GREEN SPACE. CAN I POINT OUT THAT THE NUMBERS ARE SO SMALL LOSSES, THAT TO ME, IT KIND OF STATISTICALLY GET RELEVANT FROM THOSE NUMBERS? I'M A, I'M A CYCLIST. I DIDN'T REALLY UNDERSTAND THE SURVEY THAT WENT WHENEVER I TOOK IT. SO I'LL JUST ADMIT THAT I TRIED. UM, SO I'M NOT, I DON'T KNOW, 30 VERSUS 23 7 PEOPLE. JUST, WHAT NUMBER WOULD YOU BE COMFORTABLE? YEAH. THAT HASN'T WORKED ON THIS PROJECT FOR A LONG TIME, MANY YEARS, I'M SORRY FOR YOUR PAIN. UM, SO WE DID PUT SIGNS OUT ON THE TRAILS ALONG THIS CORRIDOR. UM, WE WENT TO THE TOWN HALL MEETING, HANDED OUT CARDS FOR THE SURVEY WE POSTED ON SOCIAL MEDIA. WE SENT OUT AN EMAIL TO ALL THE MEMBERS OF THE ADDISON ATHLETIC CLUB TO GET PARTICIPATION. I, I THINK I SAW THAT YOU DID A LOT. UM, I WOULD DEFER MORE TO THE PROFESSIONALS, UM, RECOMMENDATION AND COUNSEL'S GUIDANCE TAKING THESE INTO CONSIDERATION. BUT, UM, THOSE SEVEN PEOPLE ARE THEY HERE TONIGHT? I MIGHT BE ONE OF THEM. I THINK THE COUNCIL IS THE LAST PEOPLE TO RELOOK AT. YEAH. SO MAKE SURE, SO THIS IS GOING TO BE WORKING, YOU KNOW, THAT'S IT, YOU KNOW, EVEN THOUGH SOMETIME ENGINEER AND EVA IS PROFESSIONAL, JENNA, THEY MAY LOOK AT A CERTAIN THINGS CERTAIN WAY THEN MAYBE OVERLOOKED SOMETHING ELSE. THAT'S THE REASON OUR JOB IS TO MAKE SURE IT'S GOING TO BE GOOD. PERFECT. YOU KNOW WHAT I MEAN? SO SHE ALREADY PUT HERSELF INTO THE PROJECT FOR A LONG TIME, YOU KNOW, NOBODY ELSE KNOW AS DEEP AS SHE DOES. YOU KNOW, ONLY CONCERN IS YOU'LL PUT FROM EDISON GROVE TO THE GREEN SPACE ON THE NORTH SIDE, THE TRANSITION OF COURSE, MIDWAY ROAD. SO YOU'RE WHETHER YOU ARE CHANGING TO THE RIGHT SIDE BEFORE YOU GO CROSS, OR YOU GO CROSS, THEN GO TO THE RIGHT SIDE, THEN TRYING TO BUY A BOULEVARD. THAT'S WHAT I WORRY. BECAUSE, YOU KNOW, IN ANY WAY THERE'S A, SOME POTENTIAL DANGER THERE. YEAH. SO THOSE ARE SOME DETAILS THAT WE WOULD LIKE TO FLUSH OUT WITH OUR DESIGN TEAM AS WE GET TO THE NEXT STEP. UM, BUT FOR THEM TO START AGAIN, TO FLUSH OUT THOSE DETAILS, THEY KIND OF NEED SOME GENERAL DIRECTION. ARE WE GOING NORTH SIDE IN TWO DIRECTIONAL? UM, AND IF WE COULD PROVIDE THEM THAT GUIDANCE, THEN WE COULD COME BACK TO YOU WITH, UH, A KIND OF MORE WELL THOUGHT OUT DESIGN THAT SHOWS HOW IT ACTUALLY, UM, INTEGRATES INTO OUR REAL WORLD CONDITIONS. ALL RIGHT. ANY MORE QUESTIONS ON THIS ITEM? ONE, IT LOOKS LIKE THE TRAILS STOPS AT BELTLINE WHEN YOU CURVE NORTH THERE. SO AFTER YOU CROSSED MIDWAY GOES UP AND IT STOPS AT BELTLINE, RIGHT? SO DOES IT EVEN MAKE SENSE TO HAVE THE TRAIL GO FROM MIDWIFE TO BELTLINE? BECAUSE YOU'RE GOING THROUGH A LARGELY COMMERCIAL AREA, UM, WHERE I DON'T KNOW THAT PEOPLE WOULD EVEN BE RIDING THEIR BICYCLES OVER THERE FOR ENTERTAINMENT AND IT DOESN'T MAKE SENSE. AND THEN IT TAKES CARE OF THE MAYORS ISSUE OF CROSSING MIDWAY. ONE THING I WOULD LIKE TO DO IS I'D AT LEAST LIKE TO GO THROUGH CONCEPTUAL DESIGN OF WHAT THAT WOULD LOOK LIKE BECAUSE THERE ARE OTHER DISCUSSIONS ABOUT IF BELTWAY WERE TO EVER, IF WE WERE TO EVER GAIN THE LAND, [01:55:01] THAT'S ON THE NORTH SIDE OF BELTLINE, THE MASTER TRANSPORTATION PLAN SHOWS THAT ROAD CONNECTING THROUGH. UM, AND THAT'S ALREADY IN OUR CONSULTANTS SCOPE. SO IF WE CAN WORK THROUGH THE DESIGN, UM, WHEN WE GET TO CONCEPTUAL DESIGN, WE CAN ALWAYS MAKE A DECISION, WHETHER SORRY, CONSTRUCTION DOCUMENTS, WE COULD ALWAYS MAKE A DECISION WHETHER OR NOT WE WERE GOING TO INCLUDE THAT IN THE FIRST PHASE OF CONSTRUCTION, BUT THEN STAFF WOULD AT LEAST HAVE WHAT THAT LOOKED LIKE ON PAPER, SOME COST ESTIMATES AND SOME INFORMATION TO USE IN CASE THAT FUTURE CONNECTION EVER HAPPENED. BECAUSE THAT'S ONE OF THE IMPORTANT REASONS FOR TRYING TO HAVE THAT. SO IF YOU DON'T MIND THE BIKE BOULEVARD, THAT'S WHITE BOULEVARD, THAT'S THE LEAST COST IMPACT. AND ACTUALLY NO, UH, PHYSICAL CHANGES, RIGHT? SO WE ALREADY HAVE A SIDEWALK THERE THAT WAS BUILT AND THE ROAD IS NOT WIDE ENOUGH FOR US TO WIDEN IT WITHOUT HAVING SOME SIGNIFICANT IMPACTS. SO THAT'S WHY IT'S BEING PROPOSED TO HAVE BUFFERED, UH, THE REMINDERS AGAIN, HOW THE PAIN AREA IS FOR A BIKE. IT'S A LITTLE LESS THAN, I CAN'T REMEMBER THE EXACT WIDTH, BUT IT'S A LITTLE LESS THAN A LANE OF TRAFFIC. UM, SHANNON WOULD, YOU KNOW, YOU DID SOME STRIPING ON QUORUM THAT HAD DESTRIA DO YOU KNOW, OFF THE TOP OF YOUR HEAD, THE WIDTH OF THAT TRAVEL LANES ARE 10 TO 12 FEET WIDE. AND SO THOSE SYMBOLS PROBABLY ARE ABOUT SIX FEET WIDE WOULD BE MY GUESS, BUT I CAN FOLLOW UP WITH YOU ON THERE'S ENOUGH SPACE TO DO TWO BY CLAIMS AND TWO LANES OF TRAFFIC THERE WITHOUT TAKING ANY PROPERTY FROM, IT'S NOT TWO LANES, ONE LANE, EACH DIRECTION, AND THEN A BICYCLE LANE ON EACH SIDE IS WHAT I'M LOOKING AT IS THAT TRUE? IT'S SHARED. SO THE BIKE LANE IS WITH THE VEHICULAR LANE. SO WE WOULD JUST BE NO SEPARATE LINES SEPARATELY. YOU DRIVE ON IT, YOU SHARE THE LANE WITH BIKES, IT JUST OFFERS A REMINDER, SOME MOTORISTS. AND THEY'LL ALSO HAVE CYCLISTS THAT ARE USING THE ROAD IS THE PURPOSE OF THE SYMBOLS, RIGHT? THE SIGNS THAT I'VE SEEN ON THE SIDE SAY THAT THE BIKES HAD THE RIGHT AWAY, YOU HAVE TO PASS THEM. SO YOU'RE THE CYCLIST. GO AHEAD. SO ON PAGE SLIDE 23, WHERE YOU'RE AT. SO FROM IN THE ADDISON GROVE, OR IT WOULD BE POSSIBLE JUST TO HAVE A CONTINUE ON THE SOUTH SIDE AND NOT GO INTO THE GREEN SPACE. IS THAT JUST NOT AN OPTION? OH, IT'D BE ON THE NORTH SIDE TO BE ON THE NORTH SIDE. OKAY. THAT IS A POSSIBILITY WE, WE DID HERE TRANSITION THERE TO THE SOUTH SIDE. WE DID, THERE WERE MORE PARTICIPANTS THAT PREFERRED FOR IT TO GO INTO THE GREEN SPACE. UM, WE ALSO FACTORED IN ALL THE PUBLIC INPUT THAT WE HEARD THROUGH THE SAM'S CLUB DISCUSSION OF HOW IMPORTANT THAT STREAMLINE AREA BETWEEN MIDWAY AND LEGRAND IS TO THE COMMUNITY AND HOW KIND OF THAT FILL IS. AND SO, UM, BY MOVING THE BIKE LANE INTO THE GREEN SPACE, WE ALSO FELT LIKE THAT LINE WAS IN LINE WITH THE PUBLIC COMMENTS THAT WE HEARD IN REGARDS TO THE OTHER DEVELOPMENT IN THAT AREA. SO WHAT IS YOUR OTHER, OTHER THAN THAT? WHAT IS THE THOUGHT ABOUT TRANSITIONING IF THERE TO THE SOUTH SIDE FOR ALIGNMENT GOING ACROSS, I MEAN, FURTHER BACKWARD WHERE IT DOES GO IN AND NOT BECAUSE YOU SAID YOU SAVED THE GREEN SPACE BEING GREEN SPACE WITHOUT PUTTING THE BIG CONCRETE PATH THROUGH THERE FOR THE BIKES. SO WHAT I'M HEARING YOU SAY IS WHEN WE GET TO AROUND THE GRAND, IF WE WERE GOING TO DO THE TWO DIRECTIONAL BIKE LANE ON THE NORTH SIDE OF THE ROAD, THAT IT WOULD ACTUALLY, OH, IT WOULD BECOME TWO LANE ON THE SOUTH SIDE BECAUSE THAT ALIGNS YOU WITH GOING ACROSS ABOUT TO LUNCH. IT'S THE CONFLICT WITH THE RIGHT TURN TRAFFIC OFF OF BELTWAY ONTO A MIDWAY. IT'S A BIG DANGER. WE MERGED TRAFFIC THROUGH THERE. WE WANTED TO KEEP IT ON THE NORTH SIDE, BUT YOU STILL, YOU STILL HAVE THE TRANSITION PROBLEM ONCE YOU COME UP AND GET ACROSS MIDWAY. NO WAY. I KNOW THIS IS A REALLY WEIRD QUESTION, BUT DO WE KNOW HOW MANY CYCLES THERE ARE IN OUR, [02:00:01] IT LOOKS LIKE 34. THE THOUGHTS I HAD IN IT, BUT IT'S REALLY MORE OF AN ATTRACTION, I GUESS. SO WE DID HAVE A FEW PEOPLE WHEN WE DID THE TRAILS MASTER PLAN, WHICH WE CAN, UM, I CAN PROVIDE YOU THAT DATA FROM THERE, BUT WE DID HAVE PEOPLE THAT INDICATED IF THERE WERE MORE SPACE, SAFE SPACES CREATED FOR SITE BICYCLES, THAT THEY WOULD RIDE THEIR BIKES MORE OFTEN. AND WHEN WE DID THE COMMUNITY INPUT SURVEY, ONE OF THE THINGS THAT DID NOT RATE HIGHLY ON IS A SAFE PLACE FOR CYCLIST. AND SO ONE OF, ALTHOUGH WE DON'T HAVE A LOT OF USERS TODAY, UM, WE DO HAVE SOME USERS THAT ARE COMING OUT TO US AND WANTING TO FORM A CYCLING CLUB AT THE ATHLETIC CLUB AND WANT TO START TO GAIN SOME MOMENTS. AND WE'RE TRYING TO PREPARE FOR THE FUTURE IN, IN THESE DECISIONS. ALSO I, A MORE QUESTION. ALRIGHT, SO BASICALLY WHAT, YOU KNOW, WHAT'S THIS LAND GOING TO BE JUST TO MAKE SURE IT'S SAFE TO SAFE, I WOULD SAY. AND SO OUR NEXT STEPS ARE TO GIVE OUR CONTROL SOME DIRECTION BASED ON FEEDBACK THAT WE'VE HEARD HERE. AND THEN THEY WILL BE ABLE TO, UM, TAKE THIS AND DEVELOP THE CONCEPTUAL PLAN. AND THEN WE WILL PUT THAT BACK IN FRONT OF YOU TO ONCE AGAIN, GATHER SOME FEEDBACK WHEN WE'VE LOOKED AT HOW SOME OF THOSE CONFLICTS ARE ADDRESSED. ONE QUICK THING. CAN YOU MAKE SURE THAT THEY UNDERSTAND THAT? I MEAN, I THINK WHAT WE'RE SAYING IS YOU DON'T WANT TO CUT ANY TREES DOWN AND WE DON'T WANT TO SPEND A BUNCH OF MONEY ACQUIRING RIGHT AWAY. SO I FIGURED OUT HOW TO DO THAT AND STAY AS SAFE AS POSSIBLE. SO THE CURRENT PLAN THAT SHOWN BOTH THE STAFF AND THE COMMUNITY RECOMMENDATION DOESN'T SHOW ANY TREES THAT ARE BEING CUT DOWN. UM, IT POSSIBLY, WE COULD NEED SOME RIGHT AWAY AT THE INTERSECTION OF MIDWAY AND BELTWAY. SO THAT'S ONE OF THE THINGS THAT WE'LL HAVE TO DIVE INTO AND LOOK AT BECAUSE OF THE RIGHT OF WAY THERE, IT GETS MORE NARROW, WHAT'S IT? MIDWAY AND BELTWAY ONCE THE MAJOR INTERSECTION. YEAH. THANK YOU. IF I HAVE [3. Present and Discuss an Update on the Addison Athletic Club Renovation Project. ] AN UPDATE ON THE PROJECT, GOOD EVENING, MAYOR AND COUNCIL, BILL HOLLY, DIRECTOR OF ADMINISTRATIVE SERVICES. OUR TOPIC TONIGHT IS AN UPDATE ON THE ATHLETIC CLUB. IT'S REALLY A KIND OF A THREE-PART PROCESS. WE'LL UPDATE YOU ON THE PROJECT. I'LL DO A LITTLE BIT OF A PREVIEW FOR AN ITEM THAT IS ON THE CONSENT AGENDA ABOUT CHANGE ORDER NUMBER 13 RELATED TO THIS PROJECT. AND WE'RE ALSO SEEKING SOME DIRECTION FROM COUNCIL REGARDING ALTERNATIVES THAT WE HAD HOPED TO INCLUDE IN THE PROJECT. THEY WERE BID AS BID AS ALTERNATIVES. YOU AUTHORIZED ADDITIONAL FUNDING IN THE PROJECT TOTAL, BUT BECAUSE WE HAD SO MANY CONTINGENCIES ON THE PROJECT, WHICH WE'LL TALK ABOUT, UH, WE WERE NOT ABLE TO FUND THOSE. SO JUST WANTED TO MAKE YOU AWARE OF, OF THAT. SO QUICK HISTORY ON THE CLUB OPENED IN 87 EDITION IN 2003. SO UNDERGONE VARIOUS UPGRADES AND IMPROVEMENTS OVER THE YEARS, UH, PRE-RENOVATION THERE WERE ABOUT 300 PEOPLE A DAY THAT VISITED AND OVER 2,500 ACTIVE MEMBERS, THE HISTORY OF THE RENOVATION PROJECT, UH, CITIZENS AND STAFF IDENTIFIED FACILITY NEEDED SOME, UH, SOME RENOVATIONS, THE CITIZENS BOND COMMITTEE DID A GREAT JOB EVALUATING THE OPTIONS AND THE COST THEY PUT FORWARD. A RECOMMENDATION VOTERS APPROVE THAT RECOMMENDATION IN NOVEMBER OF 2019 ADDITIONAL COMMUNITY INPUT WAS SOUGHT ON THE DESIGN, UH, DESIGN AND DOCUMENTS WERE DEVELOPED, PUT OUT TO BID AND COUNCIL AWARDED NORTH RIDGE CONSTRUCTION GROUP, LLC, THAT CONSTRUCTION CONTRACT FOR JUST OVER $4 MILLION ON OCTOBER 12TH, 2021. AND ADDITIONALLY, JUST UNDER A MILLION DOLLARS IN OWNER'S CONTINGENCIES, UH, ARCHITECT FEES, CONSTRUCTION MANAGEMENT, AND THEN HOPEFULLY FUNDING ALTERNATES AS WELL. SO, UH, AND CONSTRUCTION GOT UNDERWAY JUST AFTER THANKSGIVING OF 2021. THIS WAS ALWAYS INTENDED TO BE A PARTIAL RESTORATION AND RENOVATION AND UPGRADE. IT WAS NOT A TOTAL, EVERY WALL, EVERY FLOOR, EVERY THAT, THAT JUST WAS NOT IN THE BUDGET. SO DECISIONS [02:05:01] HAD TO BE MADE. SO SOME ROOMS ARE TOTALLY NEW. OTHER ROOMS ARE UNTOUCHED. SOME AREAS ARE PARTIALLY NEW FLOORING, BUT OLD SKYLIGHTS, ET CETERA, ET CETERA. SO I JUST WANTED TO MAKE SURE THAT PEOPLE DON'T WALK IN THERE AND THINK EVERY SURFACE, EVERY FINISH, EVERYTHING IS TOTALLY NEW, THAT THAT WAS NEVER THE INTENTION OR THE CASE. SO, UM, UH, THE MAIN FEATURES WERE IN THE ROOF, UPGRADING POOL EQUIPMENT, REPLACING THE HOT TUB, UH, LOCKER ROOMS, PROBABLY, UH, YOU KNOW, TOTAL GUT BACK TO THE STUDS REMODELED. THEY'RE BEAUTIFUL, A VAST IMPROVEMENT OVER, OVER WHAT WAS THERE. AND A LOT OF GREAT TEACHERS RUNNING TRACKERS, RESURFACE RAILING WAS REPLACED AND GRAPHICS ON THE WALL, THE GMV LIGHTING AND BASKETBALL GOALS, BUT AGAIN, THE FLOOR AND REMAINS, UH, SOME OF THE OTHER THINGS, UH, THEIR CONTRACTOR BID 195 DAYS PLUS ANY ADDITIONAL DAYS THAT WE AWARDED THEM FOR CONTINGENCIES AND ALTERNATIVES AND TO DATE, WE'VE GIVEN THEM ADDITIONAL DAYS. AND ALSO IMPORTANT TO KNOW IS EVERYBODY AGREED THAT WE WERE GOING TO TRY TO KEEP PORTIONS OF THE FACILITY OPEN DURING CONSTRUCTION, WHICH WE COULD HAVE DONE IT A LOT FASTER, CHEAPER, BUT WE WANTED TO KEEP IT OPEN. SO THAT, THAT LED TO SOME ISSUES. SO THIS BUILDING BEING OVER 30 YEARS OLD, WE ANTICIPATED THERE WOULD BE ISSUES, PARTICULARLY WHEN YOU HAVE THE HUMIDITY AND POOL CHEMICALS, YOU HAVE SAUNA AND LOCKER ROOMS, THOSE SPACES. SO IN THE LOCKER ROOM AREAS, WHEN WE OPENED UP THOSE WALLS, WE FOUND WHAT YOU SEE HERE, WHICH IS IF IT WAS METAL, IT WAS RUSTED. AND, UH, WE COULD HAVE JUST PUT SHEET ROCK BACK OVER IT AND HOPED FOR THE BEST, BUT THAT REALLY WASN'T THE RIGHT THING TO DO. SO WE SPEND ADDITIONAL TIME AND MONEY TO MAKE THAT RIGHT. AND ADDITIONALLY, THIS IS, THIS IS NOT NO COMMENTARY ON THE ORIGINAL CONSTRUCTION, BUT NEW CODE REQUIRED US TO DO THINGS THAT WERE NOT REQUIRED AT THE TIME. SO THAT COST US ADDITIONAL TIME AND MONEY AS WELL TO DO IT, TO DO IT RIGHT, BECAUSE THE LAST THING WE WANTED TO DO WAS TO RIP OPEN THESE BEAUTIFUL NEW LOCKER ROOMS, JUST BECAUSE WE DIDN'T DO THE RIGHT STUFF BEHIND THE WALLS THAT YOU WOULDN'T SEE. SO THIS IS A, THESE ARE IMAGES OF THE LOCKER ROOMS. AND ONCE YOU CAN EXPECT IN THERE AND BEAUTIFUL, BEAUTIFUL, FINISHED BEAUTIFUL TILE. AND AGAIN, KNOWING WE DID THE RIGHT THINGS BEHIND THE WALLS TO MAKE THAT LAST, ALL, THESE ARE SOME OF THE, UH, PRIVATE SHOWERING AND TOILET FACILITIES, SOME ADA ACCESSIBLE. SO A LOT OF, A LOT OF GREAT IMPROVEMENTS. THIS IS THE NEW, UH, LOBBY AREA. THE, THE FLOORING WAS REALLY INTERESTING HERE. UH, THERE'S A DIFFERENCE BETWEEN FLAT AND LEVEL, I GUESS, IN THE CONSTRUCTION WORLD. AND WE HAD SOME GREAT DEBATES AND SPEND ADDITIONAL MONEY TO MAKE THE FLOOR AS LEVEL AS POSSIBLE BECAUSE THERE WERE MULTIPLE INCHES DIFFERENCE FROM HIGH POINTS TO LOW POINTS, AND HE HAD SO MANY DIFFERENT ROOMS THAT CONNECT AND TOUCH, UH, THINK ABOUT ALL THE FLOORING ON THE COURTS AND, UH, INTO THE DIFFERENT ROOMS. SO IT, IT, THAT POSED SOME CHALLENGE, BUT WE, WE TOOK THE TIME AND DID THAT, RIGHT, SO THAT WE WILL HAVE A NICE LEVEL SURFACE AND THINGS MEET AND MATCH UP, BUT THAT TOOK ADDITIONAL TIME AND MONEY TO DO CORRECTLY. UM, THIS IS A LOOK AT THE NEW, UH, LOBBY AREA BEFORE YOU'LL, YOU'LL PROBABLY RECALL I WAS VERY CLOSED OFF AND NOT VERY INVITING AND, UH, SO MUCH, UH, MUCH NICER SERVICES, BETTER INTERACTION WITH THE STAFF, JUST A BEAUTIFUL ALL AROUND DESIGN IN THE BASKETBALL AREA. YOU'LL SEE THE NEW LIGHTING AND IN THE NEW GOALS, YOU CAN GET A LOOK AT THE, THE RAILING ON THE WALKING TRACK AND THE RESURFACING OF THE WALKING TRACK. AND WHILE THESE IMAGES DON'T SHOW THERE'S SOME GREAT GRAPHICS ON THE WALL. SO WE HAD PUT MONEY ASIDE FOR CONTINGENCIES. AND AGAIN, WE, WE BURNED THROUGH THAT PRETTY QUICKLY OR FOR SOME OF THESE THINGS. ONE THING THAT WE ENCOUNTERED WAS THERE IS TO BE A NEW SHADE STRUCTURE ABOVE THE KIDDIE POOL, AND THAT REQUIRED A FIVE, A FOUR FOOT DEEP 30 INCH PEERS. AND WE SOMEHOW MANAGED TO FIND IN THREE OF THE FIVE HOLES PREVIOUSLY UNKNOWN AND UNDOCUMENTED UTILITIES. UH, SO THAT'S A PRETTY GOOD EXAMPLE OF WHAT, WHAT WE FOUND IS MAYBE HARD TO TELL, BUT THE, THE, THE VERTICAL COMPONENT THERE IS A, IS A SHOVEL, SO YOU CAN GET THE SCALE, BUT WE FOUND AS MANY AS NINE UNDOCUMENTED PIPES AND ONE OF THE HOLES. SO WE, UH, WE WERE TIGHT ON TIME. UH, WE COULD HAVE DELAYED OPENING THE POOL, WHICH WE DID NOT WANT TO DO. WE FILLED THAT BACK IN. WE SAID, WE'LL WORRY ABOUT THIS AFTER LABOR DAY. UH, BUT IT'S GONNA TAKE TIME TO DIG THAT UP. UH, PUT ANGLES INTO PIPES, TREE, RAT THEM WHERE THEY NEED TO GO. AND, UH, AS, UH, AT THE CURRENT TIME, A LITTLE BIT OF AN UNKNOWN COST, BUT AGAIN, WE, WE PUT CONTINGENCY MONEY ASIDE TO DO THAT, UH, UNTIL WE HIT THIS OBJECT OR THIS ITEM, WHICH CAUGHT US IN THE LAST 10 DAYS OR SO, AND THAT IS THE POOL DECK AROUND THE INDOOR POOL. THE, YOU MAY RECALL THERE WAS A RAMP, A HANDICAP RAMP, UH, TO, TO GO UP TO, UH, THE, THE HOT TUB IN THE NEW DESIGN. THERE'S A, [02:10:01] THERE'S A LIFT MECHANISM, WHICH MEANS THE RAMP HAD TO COME OUT, UH, OR GOT TO COME OUT. AND IT ACTUALLY LOOKS, IT LOOKS SO MUCH BETTER WITHOUT THE RAMP, CAUSE IT WAS NEVER BALANCED. IT WAS KIND OF AWKWARD. SO FOLKS CAN ENTER, UH, THE HOT TUB VIA THE STAIRS ON BOTH SIDES, THE LIFT ACCESS, WE HAD ATTIC STOCK PLAN TO FILL IN THE AREA WHERE THE, WHERE THE RAMP WAS. AND WHEN WE STARTED DOING THE MATH ON THAT AND TO REPLACE ALL THE TILES THAT WERE DAMAGED, DISCOLORED BROKEN THROUGHOUT THE ENTIRE POOL DECK, THERE WAS INSUFFICIENT QUANTITY TO DO THAT. THERE WAS SUFFICIENT TO DO THE RAMP, BUT NOT, NOT TO DO THE REST OF IT. UH, DESPITE A LOT OF RESEARCH BY A LOT OF PEOPLE, THIS WAS, THIS WAS UNIQUE, UH, TILE FROM THE LATEST REMODEL. WE COULD NOT FIND ANYTHING CLOSE. WE TRIED DIFFERENT OPTIONS THAT THERE'S THICKNESS ISSUES, THERE'S DIMENSIONAL ISSUES. IT WAS NOT GOING TO LOOK AT THE LEVEL THAT THE AESTHETICS OF THE CLUB WE COULD HAVE PASSED IT AND WE COULD HAVE KEPT IT ON BUDGET, BUT I THINK WE ALL WOULD HAVE REGRETTED THE DECISION AND THE MISMATCH, UH, THAT WENT ALONG WITH IT. SO BY THE TIME WE LOOKED AND PRICED AND FIGURED IT OUT, IT WAS REALLY, UH, THE BEST AND MOST COST AND THING TO DO IS JUST GO AHEAD AND PULL UP THE ENTIRE POOL DECK, PUT THE RIGHT TILE DOWN THERE AND MAKE SURE WE HAVE FUTURE ADDICTS DOCK AND, AND DO THAT RIGHT. THAT, UH, THAT DECISION, UH, TIME WAS OF THE ESSENCE. AND UNFORTUNATELY WE NEEDED, WE NEEDED TO MAKE THAT, AND WE DID MAKE THAT, BUT THAT TOOK AWAY OUR CONTINGENCY MONEY FOR THE SHADE STRUCTURE THAT WE, THAT WE JUST TALKED ABOUT. SO, UH, CHANGE ORDER NUMBER 13 THIS LATER TONIGHT IS WHAT WE'RE ASKING FOR IS, UM, UH, ACKNOWLEDGING AND BEING TRANSPARENT ABOUT EVERYTHING THAT WE'VE DONE, BUT, UM, FOR THE LAW AND FOR, FOR PURCHASING REQUIREMENTS, WE WERE ABLE TO DO THIS, UH, REALLY WITHOUT YOUR PERMISSION, BUT WE WANT TO ASK FOR YOUR PERMISSION. SO WHAT WE REALLY DID WAS KIND OF BORROW FROM THE MONEY. WE HAD SET ASIDE FOR THE SHADE STRUCTURE TO DO THIS BECAUSE TIME WAS OF THE ESSENCE ON THIS. AND THEN WE'RE ASKING FOR THE MONEY FOR THAT, KNOWING THAT THAT WITHIN REPLENISH WHAT WE HOPE WILL COVER THE SHADE STRUCTURE, BUT WE DON'T KNOW THE EXACT AMOUNT OF THE SHADE STRUCTURE AND WON'T, WE HOPE WE DON'T HAVE TO, BUT WE MAY COME BACK AND SAY, OKAY, NOW THAT WE KNOW THE PRICE, HERE'S WHAT WE NEED TO DO. SO MAYBE, PLEASE. SO AGAIN, WANTED TO BE UPFRONT, UH, THEN ONE OTHER LAYER TO THAT, UH, THAT MATH FORMULA IS, UH, GOING BACK TO THE ALTERNATE. AND THE ONLY ALTERNATE THAT WE DID APPROVE WAS THE COMMUNITY ROOM CABINETS. WE NEEDED TO MAKE THAT DECISION VERY EARLY ON IN THE CONSTRUCTION PROCESS FOR THE LEAD TIMES, ET CETERA, ET CETERA. AND AT THE TIME WE FELT LIKE WE HAD SUFFICIENT CONTINGENCIES TO COVER THAT. AND ON MANY LEVELS WE DID, BUT WE SAID NO TO ALL OF THESE OTHERS, BECAUSE WE SAW THE CONTINGENCIES DWINDLING AND WE DID NOT WANT TO COMMIT TO SOMETHING THAT WAS MORE AESTHETIC AND NOT TAKE CARE OF SOMETHING THAT WAS FUNCTIONAL. SO, UH, SO SOME ADDITIONAL FLOORING AND FINISHES WERE NOT APPROVED THE CEILING TILE REPLACING. SO IN CERTAIN AREAS, THERE'S NEW CEILING TILES. AND THEN IN OTHER AREAS, THERE ARE NOT, UM, THE RACQUETBALL COURT SEEDLINGS ACTUALLY, AFTER GOING THROUGH THIS PROCESS AND TALKING WITH STAFF, THAT'S, THAT'S NOT ONE THAT'S HIGH ON THE LIST ANYMORE. LIKE THE MANDATORY AND GRAPHIC WALL IS, IS LOW ON THE LIST, BUT SOME ADDITIONAL PAINTINGS REPLACING SOME CEILING TILES WOULD, UH, WOULD BE HIGH ON THE LIST AND HAVE, HAVE A POSITIVE AESTHETIC. CAUSE YOU CAN, YOU CAN WALK IN AND SAY, WELL, THOSE CEILING TILES, LIKE A DECADE OR TWO OLD, WHEREAS THE ONES RIGHT. ADJACENT ARM, UH, HAVE RECENTLY. SO LOOKING FOR, UM, YOUR UNDERSTANDING OF WHAT WE DID ON A CHANGE ORDER AND OUR NUMBER 13. AND IF YOU FEEL SO INCLINED TO APPROVE THAT LATER ON THE CONSENT AGENDA, IF NOT WE'LL, OUR POSITION WOULD HAVE TO BE, WE WE'VE, WE'VE ALREADY COMMITTED TO THIS. WE WOULD JUST HAVE TO SAY, UH, WE CAN'T DO THE SHADE STRUCTURE. UH, SO, UH, AND THEN JUST LOOKING FOR THOUGHTS OR FEEDBACKS ON ALTERNATIVES, IF ANY, THAT YOU WOULD LIKE US TO FORWARD WITH, UH, IN A FUTURE CHANGE ORDER ASKING FOR YOUR PERMISSION TO, TO PROCEED AND TO INCREASE THE PROJECT BUDGET. ACCORDING TO I HAVE A QUESTION. YES, SIR. PROJECT, UH, UNDER THE, UH, SHADE STRUCTURE, SLIDE 11 PICTURE OF THIS IS WHERE YOU WERE GOING TO PLACE A PIER. YES, SIR. AND THREE OUT OF FIVE IS SORT OF HIT THIS WHERE THEY IN ALIGN OR NO, IT'S, IT IS. SO THE SHADE STRUCTURE WILL BE, UM, IT, I'M NOT SURE EXACTLY WHAT IT'LL LOOK LIKE, BUT THEY'RE THERE, THEY ARE NOT IN LINE. UH, THEY WERE, I DON'T KNOW HOW YOU COULD SING FIVE PEERS OUT THERE AND CATCH ALL THOSE FIVES AND THREE OF THEM. SO WE'VE GOT BAD LUCK, UH, ON THAT. AND, UH, BUT WE WERE CLEAN, BUT THERE, THEY WILL SURROUND THAT AREA SO THAT THE SHADE STRUCTURE ITSELF CAN BE ATTACHED TO THEM AND SPAN OVER THE WELL. SO DO WE KNOW WHAT THESE ARE? WHAT THE SERVICES THEY ARE, UH, MOSTLY, UM, POOL OF WATER TO AND FROM THE POOL, UH, SOME [02:15:01] ARE LOW VOLTAGE, ELECTRICAL AND ELECTRICAL OUT TO, UH, UH, LIGHTS IN THE AREA. AND THEN ONE IS, UH, UH, UH, WATER EYELINE. I BELIEVE IT'S THROUGH THE FIRE SPRINKLER SYSTEM. AND AGAIN, THE, THE THOUGHT IS WE CAN, WE CAN DO SOME ELBOWS AND JUST MOVE THESE OVER A FEW FEET IN EITHER DIRECTIONS, NOT HAVE TO RE-ENGINEER AND, AND MOVE ANY OF THESE PIER LOCATIONS BECAUSE WE'VE ALREADY, UH, HAVE CONSTRUCTED IN OUR STORING THE COLUMNS AND THE SHADE STRUCTURE ITSELF, UH, THE, THE MATERIAL, AH, THAT'S ALL DESIGN. SO WE WE'D RATHER NOT HAVE TO RE-ENGINEER OR MOVE ANY OF THAT, THAT WE COULD MOVE THE PIPES, UH, THAT IS THE PREFERRED METHOD. BUT AGAIN, WE DON'T KNOW EXACTLY WHAT THAT'S GOING TO COST UNTIL WE, UH, AND I FORGOT IF I'M MENTIONED WE'VE, WE'VE COVERED THESE IN TO KEEP THE POOL OPENING AND ALL THE TIME. AND YOU HAVE, OF COURSE YOU HAD TO REPAIR WHAT WAS DAMAGED. SO, AND THAT WAS PART OF AN EARLIER CHANGE ORDER TO REPAIR THAT AND FILL IT IN. SO WHAT'S DIFFERENT ABOUT THESE OUTSIDE THE BUILDING IS THAT THESE ARE YOUNGER BECAUSE THEY WERE PLACED THERE WHEN THE POOL WAS AN OUTDOOR POOL IS INSTALLED, WHICH IS ALL SURPRISING THAT THERE WASN'T, UH, AS BELL. SO FOR THIS, YES, SIR. WE'VE, WE'VE ENCOUNTERED A NUMBER OF, UM, ISSUES WHERE, UH, UH, ORIGINAL PLANS. I ASKED ME A LITTLE BIT, NECESSARILY REFLECT WHAT THE TRUE CONDITIONS ON THE GROUND, SO THAT THAT'S A LESSONS LEARNED TO MAKE SURE THAT WE GET A DECENT AS-BUILTS AND MAKE SURE THOSE ARE KEPT UP IN CONSTRUCTION DOCUMENTATION. THANK YOU. ANY QUESTIONS? NO, I, I, I WANT TO SAY I TOOK A TOUR. UM, WHEN WAS THAT? NOT TOO LONG AGO, ABOUT A MONTH AGO. AND IT JUST, YOU ARE DOING A PHENOMENAL JOB. THE WHOLE TEAM IS JUST, I MEAN, WE'RE ASKING YOU TO GIVE US CAVIAR ON A WHATEVER FRITO CHILI PIE BUDGET. I DON'T KNOW WHAT THE ANALOGY IS, BUT, UM, IT'S, IT'S PHENOMENAL THE WORK THAT YOU'RE DOING, AND I SEE THE CHALLENGES THAT YOU'RE RUNNING INTO, UM, YOU KNOW, AND THIS IS, YOU KNOW, TO THE CITIZENS AND THE RESIDENTS, IT'S, UH, IT'S A $10 CHARGE FOR LIFE. SO, YOU KNOW, UM, THERE'S ALWAYS, YOU KNOW, A PRICE TO PAY FOR THAT, WHICH IS WHAT WE'RE SAYING. UM, YOU'RE WANTING DIRECTION FROM US ON, YEAH, I GOT THAT. I GOT THE CHANGE ORDER, BUT ON THE SHADE STRUCTURE AND THE ALTERNATE, YOU'RE WANTING US TO SUGGEST TO YOU WHAT WE'D LIKE TO SEE, COME BACK. EXACTLY. JUST AGAIN, BEING, BEING TRANSPARENT THAT WE WILL COME BACK POSSIBLY. AND I ASKED FOR A LITTLE MORE MONEY FOR THE SHADE STRUCTURE. AND THEN IF, UH, I DIDN'T WANT ANYBODY TO WALK INTO THE BUILDING AND SAY, GEE, I THOUGHT THOSE CEILING TILES WERE GOING TO BE REPLACED. UH, WHEN WE HOPE THEY, THEY MAY HAVE BEEN, BUT WE RAN INTO SO MANY CONTINGENCIES THAT, THAT FUNDING WAS SPENT ON THOSE. SO OTHER THAN THE COMMUNITY ROOM CABINETS, THERE WERE NO ALTERNATES. SO IF, UH, UM, AGAIN, IF, IF THERE WAS AN APPETITE FOR THAT, AND I TALKED TO OUR FINANCIAL, UH, CHIEF FINANCIAL OFFICER AND THE INDICATES, OF COURSE, WE, YOU KNOW, AS WE, AS WE, UM, ISSUED THE BONDS, BUT THEN THE PROJECT TAKES TIME TO THERE, THERE ARE, UH, THEIR EARNINGS AND INVESTMENT EARNINGS FROM THAT, UH, IN THE AREA OF ABOUT $200,000. SO THE ALTERNATE ITEMS, CAN YOU GET, WHEN YOU COME BACK TO US, CAN YOU COME BACK TO US WITH A RANKING HERE? OR ARE THESE RANKED, UH, NO, SIR, THOSE ARE THOSE LISTS. THOSE ARE THE LISTS OF THE ONES THAT WERE INCLUDE. THOSE WERE, THOSE WERE BID IN THE ORIGINAL DOCUMENT. UH, AGAIN, DEPENDING ON YOUR, YOUR DIRECTION, IT COULD BE THAT WE, UH, THAT IT WAS BID FOR THE CEILING TILES AND THE GRIOTS. AND IN TALKING WITH STAFF, WE, WE MAY BE ABLE TO GET BY JUST REPLACING THE TILES AND NOT THE GRIDS. UH, SO WE COULD COME BACK WITH, IF, IF WE GOT AN OVERALL DIRECTION, HEY, THAT WE LIKED THAT, UH, PLEASE PAINT IN AND GET THE TILE, BUT WE'RE NOT INTERESTED IN, IN THE GRAPHICS THIS TIME OR THAT AT THIS TIME, UH, WE WOULD COME BACK WITH AN, WITH PRIME, WOULD WE FIND PRICING IN PRIORITIES, AND THEN ALSO, UH, UM, THAT THAT SHOULD FALL UNDER WELL UNDER THE, THE AMOUNT THAT'S AVAILABLE. AND THEN JUST ASK FOR THAT, ASK FOR THAT DIRECTION. BUT AS A, AND I DON'T WANT TO SPEAK IN JANICE, PLEASE CHIME IN. UH, MY UNDERSTANDING OF IT IS THE ADDITIONAL PAINTING IS A PRIORITY AND ADDRESSING THE DISCOLORED AND OUTDATED CEILING TILES SO THAT THEY MATCH THOSE ARE, THOSE ARE TWO AESTHETIC, AND I THINK I'LL MAKE THE WHOLE PROJECT ELEVATE. SO YOU, THEY SAID THE ADDITIONAL PAINTING AND THE CEILING [02:20:01] TILES. YES, MA'AM UM, JENNY TIDBALL, DIRECTOR OF PARKS AND RECREATION. UM, BILL WAS SPOT ON THAT. WE'D LIKE TO LOOK AT THE CEILING TILES, THE GRANTS DON'T LOOK TO US LIKE WE NEED TO REPLACE THOSE. UM, WE ALSO WERE LOOKING AT THE ADDITIONAL PAINTINGS, SO THAT'S TO COME BACK AND PAINT THE CEILING OF SOME OF THE FACILITIES. NOW THAT WE'VE PAINTED THE WALLS, THE CEILING LOOKS A LITTLE AGED, AND THEN, UM, WE WOULD ALSO BE INTERESTED IN DOING THE NATATORIUM SKYLIGHT PANEL REPLACEMENTS AS PART OF IT. SO IF YOU WERE GOING TO ASK STAFF FOR OUR PRIORITIES, THOSE WOULD BE OUR PRIORITIES. WHAT DOES NOT A TUTORIAL THAT INDOOR SWIMMING POOL, THE IMAGE ON THE SCREEN IS, IS WHAT'S BEING DISCUSSED. SO YOU CAN SEE HOW SOME ARE. SOME ARE CLEAR, OTHERS ARE, ARE FOGGED IN VERY DISCOLORED. SO 1, 2, 3, LIKE NUMBER ONE, THE CEILING TILES. YES. NEVER THE MOST OBVIOUS WHEN YOU WALK INTO THE BUILDING OF, WHAT'S NOT NEW YORK CEILING TILES. SO THAT WOULD BE OUR FIRST PRIORITY. OUR SECOND PRIORITY WOULD BE THE PAINTING CEILINGS. AND THEN OUR THIRD PRIORITY WOULD BE THAT INDOOR SWIMMING POOL SKYLIGHT. SO THE DO THOSE SKYLIGHTS HAVE, UM, SAFETY? WHAT DO YOU CALL THEM OR IN THE BARS OR WHAT? THE SAFETY, BUT THAT THE RUFUS RETRACTABLE IS THAT IT'S FRAMED. SO, OR I GUESS I'M TRYING TO, YEAH, IT'S JUST, YEAH, I CAN TELL BY THE PRICE, IT REALLY DOESN'T BURGLAR BARS. SO IF SOMEBODY CAN'T COME IN FROM THE TOP, LIKE YOU DO IN A WAREHOUSE, IT WON'T ADD THAT IN. OKAY. NOW IT DOES NOT WHAT YOU MEAN BY, WE TRY TO LOAD IT BACK, LIKE AT THE SOUND ROOF OF YOUR CAR. YUP. SO JANE, ARE WE GOING TO HAVE A PRICE THEN? JUST FOR THE TILES WITHOUT THE GYMS, CAN YOU DO NOT? SO THAT WOULD BE SOMETHING THAT WE WOULD GET THAT INFORMATION. WHEN WE CAME BACK, THERE'S A SAVE A LOT OF MONEY GRADES, YOU KNOW, TAKE TIME TO MEASURE THOUGHT. SO THE SITTING TITLE IS MORE FIT, FIXED PRICE. WE DIDN'T WANT TOO MUCH LAST LABOR INVOLVED, BUT THE PAINTING AND THE SKYLIGHT PANEL PRICES ARE PRETTY ACTIVE. THOSE THOSE WERE PAINTED. NOW, IF WE, IF WE BACKED OUT THE GRIDS AND THEIR BABIES CREDIT, I THINK TO POINT OUT THOUGH, IS THESE WERE BID. BUT WE, THE UNDERSTANDING IS WE WOULD APPROVE THESE EARLY IN THE PROJECT. WE'RE NOW COMING ON LATER ON THE PROJECT. AND IF YOU'VE HEARD US ALL TALK ABOUT INFLATION OF CONSTRUCTION PRICES, SO THE CONTRACTOR WOULD HAVE THE OPTION TO, UM, LOOK AT THEIR PRICE AND GO TO THEIR VENDORS AND SEE IF THERE WERE UPDATED PRICING. SO WE MIGHT SEE SOME SLIGHT UPDATES, THE PRICING THAT'S HERE. I MAY NOT BE SLIDE. MAYBE YOU MATTER MORE. YEAH. IF WE JUST DO THE CEILING TILES AND THERE'S A DIGITAL ROOM THERE, I MEAN, YEAH, I CAN, SHE'S A RACQUETBALL CEILINGS. IS THAT THE TILE ALSO ALLEN GRID OR NO, THERE IS A THICKER DENSITY OF SEALING MATERIAL THAT GOES ON FOR A RACQUETBALL COURT. UM, THE CONTRACTOR ACTUALLY REMOVED MORE OF THE CEILING THAN WHAT WAS IN THE PLANS TO DO SOME OF THE MECHANICAL WORK THAT WAS OVER THOSE SPORTS. AND AS A RESULT, THEY CAME BACK WITH MORE DENSE CEILING MATERIAL THAN WHAT WE HAD IT DOESN'T MEET THE GRADE OF IT'S A STEP BELOW OF WHAT A RACQUETBALL COURT. UM, AND I DON'T WANT TO INSULT ANY OF OUR RACQUETBALL PLAYERS, BUT WE DON'T SEE A LOT OF THE BALLS HITTING THAT PORTION OF THE VIEW. YEAH. BECAUSE WE ARE A STEP BELOW IF THAT GRADE THAT WE WOULD HAVE DONE IN, UM, WE WOULD LIKE TO LEAVE THE CEILING AS IS, AND SEE IF THERE'S ACTUALLY A NEED FOR THAT CEILING TO HAVE A DIFFERENT MATERIAL IN IT. UM, BASED ON THE PLAY THAT WE, SO I HAVE A QUESTION ON THIS PICTURE OR THE MISSING CEILING TILES IN HERE IS, ARE THEY JUST MISSING CEILING TILES OR ARE THERE LIGHTS IN THERE? AND SOME OF THOSE, I THINK IT'S JUST THE WAY THE EXHAUST INTAKE. OKAY. SO THAT WAS OUR EXHAUST. SO WHEN WE, WHEN WE HAVE TO MAINTAIN THOSE, WE USE A SCISSOR LIFT [02:25:01] LIKE THIS ALL THE TIME OR FANCIER, AND THEN ALSO GENERAL SERVICES, I THOUGHT, OKAY. SO WE USE THAT TO CHANGE. I'M JUST WONDERING HOW COMFORTABLE WE ARE WITH THAT SCISSOR LIFT ON OUR TARGET. WE DON'T LIKE THAT ON THAT, ON OUR TILES, WE DO HAVE LIGHTS THAT ARE ABOVE THE POLE THAT DO NEED TO BE CHANGED. SO FROM TIME TO TIME THERE, THAT IS A REQUIREMENT. SO THAT'S THE ONLY WAY WE CAN GET TO THAT SCISSOR LIFT USING THAT SCISSOR LIFT. SO WHEN PAT POINTED OUT AS OUR LIFT ACTUALLY WEIGHS A LITTLE BIT LESS THAN THIS ONE, AND IT'S A LITTLE BIT SMALLER, IT'S ONE OF THE REASONS THAT THE PROJECT INCLUDED CONVERTING THESE LIGHTS TO LED IS THE LONGEVITY OF THE LED LIGHTS. UM, THIS IS ONE OF THE MOST DIFFICULT PLACES IN THE ATHLETIC CLUB FOR OUR STAFF TO GO CHANGE LIGHTS. AND SO THE LONGER THAT THEY LAST AS OFTEN THAT WE HAVE TO DO NOW LESS CHANCE TO DAMAGE TILE AND THEN THE TITLE THAT WE'RE ABOUT TO PUT ON. SO MY POINT HERE IS PERHAPS WE SHOULD REPLACE THAT NUT, TAKE THE GRID SYSTEM THAT WE'RE SEEING HERE. OH, NO. THAT MAKES SENSE. THAT'S THE TILES. YEAH. CAUSE WE'RE, WE'RE TALKING ABOUT TAKING OUT THE, ON THE 40, $84,000, NOT APPROVED CEILING TILES AND GRIDS. IS THAT YOU'RE IN THE POOL? NOPE. NOPE. NOPE. OKAY. ALL RIGHT. SORRY. I THOUGHT THAT WAS CEILING TILES AND GRIDS WERE THE ONES THAT WERE IN THE POOL. I NEED TO GET ON THE THREE THAT YOU IDENTIFIED AS PRIORITIES. CAN YOU GET US MORE, UM, REALISTIC NUMBERS AND COME BACK TO US WITH MORE INFLAMMATION. AND IT WAS THE GENERAL CAMP WAS A PROBLEM LEVEL. WE DIDN'T WANT TO INVEST THE TIME AND EFFORT TO THAT TWO DIFFERENT OPTIONS COMBINATION FOR ME, YOU'RE IN AGREEMENT AGAIN WITH NO COMMITMENT OTHER THAN WE WILL BRING BACK, UH, BETTER NUMBERS, UH, DIRECT NUMBERS. AND THEN YOU CAN, I THINK THAT THIS UPDATE BASICALLY JUST ONE AS TO APPROVE NUMBER NINE, ITEM, SEARCHING FOR THE CHANNEL, AND THEN THAT'S THE MAIN PURPOSE. THE SECOND PURPOSE IS LET US KNOW THERE'S AN ALTERNATE ITEM SHOULD BE DONE, BUT THE PRICE SO FAR IS THE PRICE WILL BE UPDATING UNIVERSITY CULTURE. AND ALSO THE SHADE AREA WILL BE UPDATED BECAUSE YOU DON'T KNOW EXACTLY. I MEAN, SO, UH, IN THE FUTURE, AT LEAST WE HAVE SOME IDEA FOR NOW. YEAH. ALL RIGHT. ANY MORE QUESTION YOU HAVE THE DIRECTION YOU NEED. YES. YES. THANK YOU, SIR. THANK YOU. ALL RIGHT. [4. Present and Discuss the Council Calendar from September through December 2022.] NUMBER FOUR. PRESENT, DISCUSS THE COUNCIL CONSOLE CALENDAR FROM SEPTEMBER TO DECEMBER, 2022 IRMA. YES. MAYOR AND COUNCIL. I'M A PARTNER CITY SECRETARY. AND YOUR PACKET. YOU HAD A COPY OF A CALENDAR THAT STARTED WITH AUGUST. UM, UH, THE ONLY EVENT THAT WE HAVE LEFT FOR THIS MONTH IS THE AUGUST 27TH, WHICH IS THE INNOCENT AFTER DARK. AND THAT'S THE SUSSEL SALSA FESTIVAL. UH, YOU CAN GO AND LEARN HOW TO DANCE AND HAVE FUN IN SEPTEMBER. UH, WE HAVE THE LABOR DAY HOLIDAY ON THE FIFTH AND THEN A SPECIAL COUNCIL MEMBER COUNCIL MEETING ON SEPTEMBER 6TH ON THE 13TH. WE HAVE ANOTHER COUNCIL MEETING, THE 15, 16, 17TH, AND 18TH IS ADDISON, OCTOBER FEST, THE 20TH, IT'S A PNC MEETING. AND THEN ON THE 27TH IS ANOTHER COUNCIL MEETING IN OCTOBER. THAT'S GOING TO BE A VERY BUSY MONTH. UH, WE HAVE THE TML, UH, CONFERENCE OCTOBER 6TH THROUGH SEVENTH ON THE 11TH. WE HAVE A COUNCIL MEETING ON OCTOBER 13TH, METRO CROSS CHAMBER MAYOR'S FORM. UH, OCTOBER 15TH IS ADDISON. THAT GETS THE HARVEST HOOTENANNY, UH, OCTOBER 18TH, P AND Z MEETING OCTOBER 20TH IS THE TOWN HALL MEETING. UH, THAT WAS ONLY DAY THAT MARY COULD GET, UH, RESERVATIONS AT THE HOTEL WAS ON THE 20TH. IS THAT DAY. OKAY WITH EVERYBODY. THAT'S FUNNY. WHAT TIME IS THAT? TYPICALLY I'LL SEND A NOTICE LATER, SO [02:30:01] WE'LL STAY WITH THAT. AND THEN ON THE 21ST, 25TH IS A CITY COUNCIL MEETING IN NOVEMBER. UH, NOVEMBER 8TH IS THE CITY COUNCIL MEETING. THE 15TH PNDC MEETING NUMBER 17TH IS A MERIT LUNCHEON. UH, NOVEMBER 19TH IS ADDISON AFTER DARK IT'S HOLIDAY CHEER. UM, THE COUNCIL MEETING, UH, ON THE 22ND IS USUALLY CANCELED. THAT'S THE SECOND MEETING IN THE MONTH OF NOVEMBER. AND WE USUALLY CANCEL IT FOR HOLIDAY. UH, IF THAT'S OKAY, WE WILL CANCEL THAT MEETING. AND THEN OUR THANKSGIVING HOLIDAY IS NOVEMBER 24TH AND 25TH. UH, YEAH, I, I, I THINK WE SHOULD CANCEL THE NOVEMBER COUNSELING OKAY. DECEMBER, UH, DECEMBER 1ST IS A BOARD AND COMMISSIONS COMMISSION, CHRISTMAS PARTY. WE HAVE ONE ANNUALLY FOR ALL THE BOARDS AND COMMISSION MEMBERS. A NURSE PASSES, UH, ON THE FOURTH IS HOLIDAY IN THE PARK. UH, DECEMBER 11TH, THE CITY COUNCIL MEETING DECEMBER 20TH IS A P AND Z MEETING. AND THEN WE HAVE A CHRISTMAS HOLIDAY, SEPTEMBER 23RD, DECEMBER 11TH, OR DECEMBER 13TH. I'M SORRY. UM, AND, UH, THEN THE CHRISTMAS HOLIDAY, AND THEN THE LAST MEETING OF THE MONTH, WE USUALLY CANCEL. THAT WOULD BE DECEMBER 27TH BECAUSE OF HOLIDAYS. IS THAT NORMALLY WE CANCEL SECOND MEETING IN DECEMBER. SINCE LAST YEAR, WE STARTED TO CANCEL THE SECOND MEETING IN NOVEMBER. SO, UH, YOU WANT TO HAVE A MEETING BY YOURSELF, VOTE FOR THAT ONE. SO WE'LL CANCEL THAT MEETING. ANYBODY HAS THE TRAVEL PLAN OR YOU NEED, YOU'RE NOT ABLE TO ATTEND ANY OF THE MEETING AND THEN THAT'S THE TIME YOU CAN TELL US. SO I JUST, I JUST, FOR THE RECORD, I WORK IN THE EMERGENCY BUSINESS. SO WHEN HURRICANE SEASON COMES, I MAY HAVE TO BE GONE FOR, ESPECIALLY STARTING IN OCTOBER. UM, REALLY, IT JUST DEPENDS ON WHICH HURRICANE COMES TO VISIT WHEN THE HURRICANE SEASON GOES THROUGH NOVEMBER. SO YEAH, SO I'VE PUT ON A REQUEST AND NOT HAVE HURRICANES ON TUESDAYS AND THURSDAYS. IT DOESN'T WORK. WE'LL SEE. SO ANY WHILE YOU HAS ANY SPECIAL REQUESTS, SO WE NEED TO CHANGE IT. NO, YOU KNOW, UM, JUST TO REMEMBER THIS IMPORTANT, WE HAVE THE TOWN MEETING ON THE 20TH OF OCTOBER, SO THAT'S IMPORTANT. YEAH. IF YOU HAVE ANY VACATION PLANS, IF YOU WILL PLEASE SEND ME AN EMAIL, THEN I CAN PUT IT ON MY CALENDAR. CAUSE I KNOW Y'ALL HAVE A LOT OF MEETINGS THAT'LL BE COMING OUT BETWEEN NOW AND THE END OF THE YEAR. SO AT WHERE ARE YOU GOING TO SEND US A CALENDAR INVITES FOR ALL OF THIS JAZZ AT THE END OF THE YEAR? YES. YEAH. UH, THEN IN JANUARY WE STARTED A NEW YEAR. WE'RE WORKING ON OUR JANUARY CALENDAR. WE HAVE JUST ABOUT ALL THE DATES, EVEN THE DATES SET UP FOR OUR BUDGET MEETINGS FOR THE SUMMER. SO GET READY. UM, BUT IN JANUARY WE HAVE THE MEETING ON THE 10TH AND THEN WE HAVE A HOLIDAY, UH, MARTIN LUTHER KING HOLIDAYS ON THE 16TH PMC ON THE 17TH AND THE FIRST DAY TO FILE FOR A PLACE ON THE BALLOT FOR THE MAY 6TH ELECTION IS THE, UH, 18TH OF JANUARY. AND THEN WE HAVE A COUNCIL MEETING ON THE 24TH. THERE'S NO CONFLICTS. I BE OUT FROM 12TH OF JANUARY TO 21ST. SO I'LL BE OUT FOR NINE, 10 DAYS. I'LL PUT DOWN MY CAMERA. SO FROM 12 TO 21ST. OKAY, THANK YOU. IN FEBRUARY COUNCIL MEETING ON THE 14TH, UH, THE LAST DAY TO FILE FOR A PLACE ON THE BALLOT WOULD BE ON FEBRUARY 17TH PLANNING AND ZONING COMMISSION MEETING ON THE 21ST AND THE CITY COUNCIL MEETING ON THE 28TH. OKAY. NO PROBLEM. ANY SPECIAL REQUESTS? ALL RIGHT, ARMAND, YOUR JOB IS SO GOOD. [02:35:04] ONE MORE MONTH. MARCH 14TH IS A COUNCIL MEETING P AND Z ON THE 21ST AND COUNCIL MEETING ON THE 28TH. AND WE WILL HAVE COUNCIL, UH, COUNCIL PACKETS READY, AND, UH, ALREADY GETTING A LOT OF INTERESTS. SO WORKING ON THAT CALENDAR AS WELL, YOU HAVE THE BUDGET DATES. I WILL SEND YOU. I'M GOING TO, I HAVE THE BUDGET DATES. I HAVE ALL THE, I HAVE A LOT OF THE DATES FOR 2023. YOU'LL GET A NEW CALENDAR SIMILAR TO THIS AT THE BEGINNING OF THE YEAR, SO THAT YOU CAN DO YOUR PLANNING FOR VACATIONS AND HOLIDAYS AND STUFF THAT YOU INTERACT WITH YOUR FAMILY. SO ALREADY WORKING ON IT AND WE'LL HAVE IT, UH, HOPEFULLY BY DECEMBER. SO SPECIAL MEETING ON SEPTEMBER SIX IS A DAY WE APPROVED THE SECOND PUBLIC HEARING FOR THE BUDGET. THAT'S JUST A SHORT MEETING. IT'S USUALLY BEEN AT FIVE O'CLOCK, RIGHT? SO IT WILL BE SHORT, SHORT, SHORT, BECAUSE IT'S A GOOD TIME TO BRING UP STRATEGIC PLANNING. THEY MOVED. I HAVE, I ASKED FOR A DATE FROM BILL. SO IF YOU CERTAINLY, IF YOU'RE WANTING SOMETHING CHANGED, NOW'S THE TIME SO THAT HE CAN SCHEDULE WHAT ARE THE BUDGET DATES? ALSO, WE WANT TO REVISE THAT BUDGET TIMELINE. IF YOU NEED SOME TIME TO COME BACK WITH THOSE DATES TO YOU. OKAY. ESPECIALLY STRATEGIC PLANNING AS WELL. THOSE ARE COMBINED AND IN FUTURE REQUESTS FROM THE COUNCIL TO LOOK AT THOSE TWO PROGRAMS AND BEGIN TO REVISE THEM, BRING IT FORWARD SIGNIFICANTLY UP LIKE JANUARY, FEBRUARY SCHOOL. WE'RE TALKING ABOUT FOR THE STRATEGIC PLANNING. I MEAN TO TALK ABOUT, I DON'T KNOW IF THAT'S WHAT YOU HAD. OKAY. I JUST HEARD ABOUT THAT EARLIER. OKAY. THANK YOU. THANK YOU. ALL RIGHT. DO YOU WANT TO HEAR IT? I WANT [ Announcements and Acknowledgments Regarding Town and Council Events and Activities Discussion of Meetings / Events] TO INVITE IT OFF. INTERIM CITY MANAGER HAD ME COME YOU FOR MAYBE SOMEWHAT LAST MINUTE. THANK YOU, MAYOR. I HAVE THREE ANNOUNCEMENT TO MAKE THE CITY COUNCIL WOULD HOST TWO, THE HEARINGS AND THE CITY MANAGER'S PROPOSED BUDGET AND THE TAX RATE FOR FYI 2023. THE FIRST MEETING WILL TAKE PLACE AT A SPECIAL COUNCIL MEETING ON TUESDAY, SEPTEMBER SIX. AND THE SECOND ONE WILL BE HELD DURING THE NEXT REGULARLY SCHEDULED CITY COUNCIL MEETING ON SEPTEMBER 13TH TO THE AGENDA FOR BOTH MEETINGS WILL BE POSTED ON TOWN'S WEBSITE AS A TEXAS STUFF. THEN THE SECOND ONE IS A MIDWAY ROAD CLOSURE DART SILVER LINE CONTRACT, OR DEVON EWH WILL BE SETTING THE BEAMS FOR THE NEW BRIDGE OVER MIDWAY DURING DAY, MONDAY THROUGH WEDNESDAY OF NEXT WEEK. AND HE'S PLANNING ANOTHER FULL CLOSURE OF MIDWAY ROAD FROM 8:00 PM ON THURSDAY, SEPTEMBER 1ST UNTIL 6:00 AM ON FRIDAY, SEPTEMBER 2ND, TO SET THE ACTUAL BRIDGE SPANS OVER MIDWAY ROAD. AWS IS ALSO HOSTING A BREAKFAST AND COFFEE COFFEE ON TUESDAY, AUGUST 30TH FROM NINE 30 TO 10 30 AT YOUR SPEAKER BAKERY FOR A WIDE CONSTRUCTION UPDATE ON THE PROJECT. YOU CAN FIND INFORMATION ON BOTH ACTIVITY ON THE TOWN'S WEBSITE AS WELL. AND THE LAST ANNOUNCEMENT IS THEIR POLICE DEPARTMENT PROGRAM. THE ADDISON POLICE DEPARTMENT WILL BE SHARED IN TIPS ON HOW TO PROTECT YOURSELF AGAINST TO BE THERE DURING A SPECIAL PROGRAM ON TUESDAY, SEPTEMBER SIX, FROM 7:00 PM TO 8:00 PM, ADDISON ATHLETIC CLUB. THEN MARK YOUR CALENDAR, GRAB YOUR NEIGHBORS AND PLAN TO JOIN US WITH USING THAT'S AMAZING. OR DO WE HAVE ANY PUBLIC COMMENTS REQUESTS? NOPE. ALL RIGHT. CONSENT [ Consent Agenda All items listed under the Consent Agenda are considered routine by the City Council and will be enacted by one motion with no individual consideration. If individual consideration of an item is requested, it will be pulled from the Consent Agenda and discussed separately.] AGENDA ITEMS 5, 6, 7, 8, 9, 10, 11 OR NINE, OR ANYBODY ELSE? ALL RIGHT. SO FOUR ITEMS, 5, 6, 7, 8 11. WHY MOTION, EMOTION, EMOTION BY, UH, SECOND BY LORI WARD FOR IN FAVOR THROUGHOUT THOSE SIX ITEMS, PLEASE SAY, AYE. AYE. OPPOSED. ALL RIGHT. I FEEL NOT [9. Consider Action on Change Order #13 to the Contract with Northridge for the Addison Athletic Club Renovation Project, Amend the Total Project Budget by the Corresponding Amount and Authorize the City Manager to Execute the Change Order in an Amount Not to Exceed $44,469.51. ] JUST DISCUSSED. SO IS THE 44,000 AND CHANGE FOR THE ORIGINAL TILE OR FOR THE, WHAT, WHAT DOES THAT NUMBER COME FROM? SO THAT IS, [02:40:01] UH, THAT IS THE PRIZE TO REMOVE THE, THE ENTIRE POOL DECK TILE. AND AGAIN, REPLACE THAT WITH A NEW TILE SO THAT IT ALL, IT ALL MATCHES LINES UP IT'S UH, IN STOCK. AND THEN WE HAVE SUFFICIENT PUT ASIDE IF WE BREAK SOME IN THE FUTURE, ET CETERA. SO WHERE DOES THAT, WHERE DOES THAT FUNDING FROM? SO WE HAVE, UH, WHEN, WHEN COUNCIL APPROVED THE ROUGHLY MILLION DOLLARS, UH, $4 MILLION FOR NORTH RIDGE AND THEN A PROJECT BUDGET, UH, THE, THERE WAS CONTINGENCY FUNDING IN THAT, UM, STAFF IS ALLOWED TO FOR PER WHAT WAS APPROVED BY COUNCIL TO USE THAT TOWARDS CONTINGENCIES. WE ALSO HAVE THE ABILITY UNDER THE PURCHASING RULES AND LAWS TO, TO EXCEED THAT BY CERTAIN PERCENTAGES AND DOLLAR AMOUNTS. SO WHAT WE DID WAS USE CONTINGENCY FUNDS THAT THEY WERE, THEY WERE PRE-APPROVED, WE STAYED WITHIN THOSE LIMITS, BUT BY DOING THIS, WE KNEW IT SET US UP WHERE WE WOULD NOT HAVE CONTINGENCY FUNDING TO APPLY TOWARD THE OUTDOOR STRUCTURE. AND WHEN THAT COMES UP, THAT'LL BE, WE WOULD HAVE THOSE AMOUNTS. AND THEN WE WOULD ALSO ASK JUST LIKE WE DID HERE, WE ASKED FOR YOUR APPROVAL ON THIS AND TO INCREASE THE PROJECT BUDGET ACCORDINGLY. SO THAT ALL, WHAT THAT DOES FOR US IS US IS FLEXIBILITY BECAUSE WE HAVE TO HAVE THE AGENDA STUFF IN 11 DAYS BEFORE AND TRY TO GET CONTRACT AND MAKE EVERYTHING LINE UP. WE WERE ESSENTIALLY ALSO PROVIDING OURSELVES WITH THAT CUSHION TO PROCEED WITH THAT, BUT COME BACK AND CODIFY EVERYTHING, UH, FOR THE, THE SHADE STRUCTURE OF YOUR PAYERS. BUT THE, THE INTENT IS TO COME BACK WITH THE PRICING ON THE ALTERNATE, THE SHADE STRUCTURE AND, AND GET EVERY EVERYTHING APPROVED. UH, BUT WE HAVE NOW SOME FLEXIBILITY FOR ADDITIONAL CONTINGENCY. SO THAT IN CASE OF POP-UP THIS ONE, HAVE IT BE CLARIFIED FOR THE RECORD. DO YOU WANT TO MAKE A MOTION, MAKE A MOTION TO APPROVE A NUMBER NINE MOTION FOR AARON AND SECOND FUND CATHERINE, ALL IN FAVOR, PLEASE SAY, AYE, OPPOSE 12. PRESENT, [12. Present and Discuss the Operations and Financial Reconciliation for Taste Addison 2022.] DISCUSS THE OPERATION FINANCIAL RECONCILIATION. TO 2022. I SEND HERE, GOOD EVENING, MAYOR AND COUNCIL. YOU SEND ME A SALAD OF OUR INTERIM DIRECTOR OF SPECIAL EVENTS. I'M HERE TO SHARE A RECAP OF TASTE STATUS IN 20. SO I'M GOING TO START BY GIVING YOU JUST A QUICK REMINDER OF SOME OF THE NEW THINGS WE ADDED TO TASTE THIS YEAR. WE HAD A NEW VIP EXPERIENCE FEATURING THE AIR CONDITION, AND WE OFFERED RESERVED PARKING FOR VIP'S AND THE MAIN STAGE VIEWING DECK SPECIALTY AREAS FOR 21 AND UP ADULTS SAID THE GLOBE HAD OUR SPIRITS SAMPLING. WE HAVEN'T HAD SPIRITS THAT SAY STATUS INSTANCE, 2017 AND THE GARDEN HAD BEER AND WINE SAMPLING. WE HAD A FREE ACTIVITY AREA CALLED THE FAMILY FUND ONE, WHICH WAS FOR CHILDREN, WHICH OFFERED A PETTING ZOO, CARNIVAL GAMES, KRAS, AND OTHER ITEMS THERE. AND WE HAD ENHANCED NATIONAL ARTISTS SELECTION FOR OUR PERFORMERS ON FRIDAY AND SATURDAY. OKAY. SO OUR, OUR EVENTS ARE TO ENHANCE THE ADDISON BRAND. ADVERTISING HELPS PROMOTE THE TOWN. SO THEY SHOWS WHAT PAID ADVERTISING PURCHASE FOR OUR CAMPAIGN TO PROMOTE THE EVENT. UM, YOU CAN SEE HERE THAT WITH OUR PAID ADVERTISING CAMPAIGN, THAT WE WERE JUST UNDER 21 MILLION IMPRESSIONS. UM, FOR SOME OF YOU THAT MAY NOT KNOW AN IMPRESSION IS WHEN SOMEBODY SEES YOUR MESSAGING. SO FOR, UM, IT IS CALCULATED BASED ON DEPENDING ON WHAT MEDIA YOU'RE USING FOR OUTDOOR, THAT'S LIKE A BILLBOARD THAT'S CALCULATED BY HOW MUCH TRAFFIC THROUGH DERRICK WHILE YOUR ADVERTISEMENT IS UP ON THE BILLBOARD OR A TV IS HOW MANY PEOPLE VIEWERS VIEW IT WHENEVER YOUR COMMERCIAL FINE. SO THIS SHOWS THAT, UM, WE SPENT ABOUT 92,000 AND DELIVERED JUST UNDER 21 MILLION IMPRESSIONS FOR [02:45:06] ARE IN KIND AND ADVERTISING FOR, FROM A PROMOTION OF THE EVENT. WE ALSO PARTNER, WE WORK OUT TRADE DEALS WITH VARIOUS PARTNERS, UM, BUT DIFFERENT MEDIA. SO FOR TV, WE PARTNERED WITH CBS AND SPECTRUM FOR RADIO, WE'VE PARTNERED WITH IHEART AND THEN OUR PR FIRM ALSO CAPTURES A BASIC, YOUR MORE MEDIA COVERAGE FOR COVERAGE ON THE EVENT. UM, WE NEGOTIATE THESE FREE ADS AND SOCIAL MENTIONS WITH THESE VARIOUS MEDIA IN EXCHANGE FOR TICKETS AND PROMOTING THEM. THEN YOU CAN FEED THAT. WE DELIVERED A 52.1 MILLION IMPRESSIONS, UM, AND THAT WAS VALUED AT ABOUT $5.5 MILLION. SO OUR EVENTS ARE FINDING THROUGH THE HOTEL OCCUPANCY TAX. SO WE PLAN THESE EVENTS WITH THE GOAL TO GET HEADS IN BEDS AND BRING PEOPLE TO THE TOWN, UM, OR HOTEL PACKAGES THAT WE OFFERED. WE CONTINUED FROM THE SUCCESS OF 21. WE WERE HOTELS WERE NOT REQUIRED TO OFFER A SPECIAL RATE IN ORDER TO PARTICIPATE. ALL HOTELS COULD PARTICIPATE. SO JUST BY BOOKING AN ADDISON HOTEL, YOU WOULD GET A VOUCHER. UM, AND IT WOULD INCLUDE A GENERAL ADMISSION FOR, FOR AS WELL AS A BRAND FIT, A BRANDED CANVAS TO BATCH. WE DID HAVE SEVEN ADDISON HOTELS THAT OFFERED SPECIAL RATES. UM, JUST FOR THE EVENT THIS YEAR, WE HAD A TOTAL PACKAGES WITH LOUIS WITH 142 PACKAGES AT THE EVENT. THIS IS A LITTLE LOWER THAN 2021. UM, HOWEVER, IT WAS HIGHER THAN 2019. IT WAS LOWER FROM 2021 BECAUSE WE LIMITED CAPACITY. AND THE ONLY WAY TO GET IN ONCE WE SOLD OUT IN 2021 WAS BY BOOKING A HOTEL. SO THAT'S WHY THOSE NUMBERS VARY. THERE WERE 210 AND OUR TOWNLINE HOTEL OCCUPANCY, WHEREAS SEVEN, JUST OVER 70% FOR FRIDAY. AND THEN JUST OVER 74% ON SATURDAY. HOW DOES THAT COMPARE WITH DERBY? YEAH, REGULAR I'M NORMAL. IT'S JUST LIGHTLY OVER FINDINGS ABOUT THE SAME WITH NORMAL FINDINGS UNITS, ABOUT 71%. AND THEN SATURDAY ON SATURDAY IN JUNE IS ABOUT 71% AS WELL. SO IT WAS JUST SLIGHTLY OVER. IT WAS A GREAT INCREASE FROM 2020. YOU CAN SEE IN 2021, BUT THEN TO SEE WE'RE 67% ON SITE. SO WE'VE INCREASED THOSE FOR RESTAURANT PARTICIPATION. WE ACTUALLY HAD A TOTAL OF 25 ADDISON FOOD ESTABLISHMENTS WHO PARTICIPATED. I SPECIFICALLY SAID FOOD ESTABLISHMENTS BECAUSE WE HAD, UM, RESTAURANTS AS WELL AS SOME CATERERS, EVEN AMERICA'S FINEST BEVERAGE IS A LOCAL BEVERAGE CATERING THAT PROVIDED OUR SPIRIT SALES AND THE GROWTH. SO THEY SOLD THERE. UM, WE HAD NINE RESTAURANTS AND COULDN'T BITTER SISTERS WHO TOOK PART IN THE VIP LOUNGE WHERE THEY OFFERED TASTINGS AT THE EVENT. AND WE HAD 18 RESTAURANTS WHO OPERATED FULL CONCESSION BOOTS FOR THE TWO DAYS OF THE EVENT. UM, THE AVERAGE GOES SALES PER RESTAURANT IS JUST OVER 15,000 AND THEIR AVERAGE GOES DOWN FOR ATTENDING WAS $27 PER ATTENDEE. THIS WAS A 50% INCREASE OVER 2021. SO WHY DID, WHY WAS THERE A 50% INCREASE? DO WE KNOW JUST, YEAH. IF PEOPLE WERE SPENDING MORE MONEY AT EARLY THIS YEAR, MAYBE, UM, I THINK THAT'S JUST, THAT'S HOW IT CALCULATED. I'M NOT A HUNDRED PERCENT SURE. WE'RE REALLY LIMITING THE NUMBER OF RESTAURANTS THAT WE'RE ALLOWING. SO WE DID NOT NECESSARILY LIMIT THE NUMBER OF RESTAURANTS THIS YEAR. WE DO HAVE A NUMBER IN MIND. WE DID INCREASE THE NUMBER OF RESTAURANTS WE HAD THIS YEAR OVER 2021, BECAUSE WE GOT FEEDBACK OF THE LONG LINES LAST YEAR. UM, SO WE DID INCREASE HOW MANY, THIS IS ALSO WE, THE STAFF DOES MANY EFFORTS AND TRYING TO GET AS MANY RESTAURANTS PARTICIPATE. YOU KNOW, WE DON'T CUT OFF, UM, BECAUSE IT'S, IT'S NOT SO PROMOTE THE RESTAURANTS. UM, THIS WAS HOW MANY WE WERE ABLE TO GET INTO THE EVENT. WE DID OFFER THE TWO OFF THE TWO OPTIONS OF A TWO DAY BRUISE, WHICH TAKES A LOT MORE STAFF AND SUPPLIES AS WELL AS THE VIP SAMPLING, WHICH REQUIRED LESS EFFORTS FROM THE RESTAURANT, UM, TO SEE HOW MANY, JUST SO WE CAN GET AS MANY FOOD ESTABLISHMENTS AS WE COULD, BECAUSE I MEAN, WE USED TO, WE USED TO HAVE A 50, 60 RESTAURANT, BUT SINCE CHANGED RECENTLY, THE LABOR IS MUCH HIGHER AND ALL THE RESTAURANTS ARE SHORT OF LABORS, SO THEY DON'T WANT TO SPLIT THE MANPOWER BECAUSE THEY STILL CAN DO TREMENDOUS [02:50:01] BUSINESS IN THE RESTAURANT. SO, BUT LIKE MYSELF, I HAVE TO FIND A LOT OF VOLUNTEERS. MY CUSTOMERS, YOU KNOW, I SAID THE HUSBAND OR WIFE, THEY ARE WILLING TO WORK. AND I, AS A MATTER OF FACT, WOULD PAY THEM ALL, YOU KNOW? SO, SO THAT'S THE CONVERSATION WE CAN EAT FREE, BUT IT'S ALL FROM FRIENDSHIP. LIKE I WOULD JUST LOVE TO SEE IT AS A CHAPLAIN. THEY DIDN'T WANT GOOD BUSY ENOUGH IN THE RESTAURANT, LIKE A MR. SUSHI, MY NEXT DOOR, I TOLD THEM TO GO. SO NOW I DON'T HAVE PEOPLE TO WORK. SO, BUT I DID TELL TY ALL TO JOIN THIS YEAR. SO, BUT YOU KNOW, IT'S DIFFICULT, YOU KNOW, WITH THE HIGH RISING LABOR COSTS, YOU KNOW, IF YOU DON'T HAVE VOLUNTEERS, YOU DON'T, YOU'RE BETTER OFF NOT DO IT, YOU KNOW, BECAUSE IT, NUMBER ONE KNOW, INTERFERE YOUR IN-HOUSE TIMING. NUMBER TWO, YOUR SPEND ON ADDITIONAL LABOR COSTS, YOU KNOW, TO HIRE PEOPLE. SO, UM, YOU KNOW, THEY HAVE TO BE ABLE TO FIND THE VOLUNTEERS AS A BASIS, YOU KNOW, INSTEAD OF PAID LIKE A 15 OR EVEN HIGHER LABOR, IT DOESN'T JUSTIFY WELL. AND THE CHALLENGE TOO, AND I KNOW PEOPLE ARE FRUSTRATED WITH LONG LINES AND THERE'S, THERE'S LONG LINES AND THERE'S CRAZY LONG LINES, BUT YOU KNOW, YOU GET TOO BIG. WELL, RIGHT. AND THEN THERE'S, YEAH, THERE'S DIFFERENT LEVELS OF ONLINES, BUT THEN, BUT THEN THE RESTAURANTS DON'T DO AS WELL. AND THEN THERE WEREN'T MOTIVATED TO COME BACK. SO THE ONLY WAY THEY CAN PENCIL DOING THIS IS IF THEY HAVE LABOR AND THEY'RE PROFITABLE AND IT MAKES SENSE. AND SO I SEE THE RUB THERE, ESPECIALLY WITH THE PROBLEM WITH THE LABOR, DID YOU GET FEEDBACK THAT PEOPLE DON'T HAVE ENOUGH LABOR? IS THAT WHAT THEY WERE SAYING? THERE ARE RECRUITMENT PROCESS. THAT WAS THE ANSWER A LOT. I JUST DON'T HAVE THE STAFF WHO, THE COMMON THING THE LAST TWO YEARS HAVE, LIKE I SAID, BEEN EXPLORING OPTIONS ON HOW TO MAKE IT AS EASY FOR THEM AS POSSIBLE BY PROVIDING TENTS. AND WE DID GO DOWN TO TWO DAYS VERSUS THREE DAYS, THE LAST TWO YEARS OFFERING THE VIP SAMPLING AREAS. SO OUR STAFF IS CERTAINLY EXPLORING OPTIONS ON HOW TO ENCOURAGE THEM TO BE ABLE TO COME BACK. TOTALLY UNDERSTAND. IT'S HARD TO PULL AWAY FROM YOUR TOO BUSY DAYS AT YOUR RESTAURANT TO GET YOU IN. I'M SORRY. I ENJOYED TODAY'S EVENT BECAUSE EVERY SUNDAY YOU BASICALLY, YOU STARTED THE FLOOR, FINISH IT SAFE, BUT AFTER FIVE, YOU DON'T HAVE NOBODY. SO BASICALLY IT'S, DON'T TALK ABOUT PROFIT IS TO BARELY MAKE IT. YEAH. SO SUNDAY NEVER WAS A GOOD DAY. SO DOES THE, DID YOU GET ANY OF THE VIP EXPERIENCE, NEW FOLKS TO TAKE AN INTEREST MAYBE IN EXPANDING NEXT YEAR? OR DID YOU GET ANY FEEDBACK TO THAT END? SO SOME OF THE PARTICIPANTS DID ACTUALLY PARTICIPATE IN BOTH THE CONCESSION AND A SAMPLING OPTION. NOT ALL OF THEM, SOME OF THEM DID, BUT I THINK WHEN THEY COME OUT AND SEE THE EVENT, POSSIBLY WE COULD GET THEM INTERESTED IN DOING A TWO DAY BOOTH ALSO. SO TELL IT ALWAYS SEEM STRANGE THAT WE'RE DOING THIS ON THE HIGHEST VOLUME NIGHTS THAT THEY HAVE FRIDAY AND SATURDAY NIGHTS, THE RESTAURANTS HAVE ALREADY, IT'S JUST REALLY SERIOUS COMPETITION WITH THEM MAKING A LOT OF MONEY BACK AT THEIR OWNS THEIR STORE. BUT, BUT SUNDAY DOESN'T WORK WELL IF WE MADE SUNDAY, ONE OF THE BIG NIGHTS SUNDAY, IMAGINE, BUT IT'S NO, BUT I HAVE TO DO MONDAY AND TUESDAY. SO I THINK FRIDAY AND SATURDAY, IT'S BEEN A TRADITION. THE REASON THERE'S A BIG CHANGE IS DURING THE SIX YEARS I WAS NOT MADE HERE. THEY PASS OVER THE USE OF FORCE. AND THE CLOCKS IS THAT THREE YEARS, THE SMALL-SCALE, THEY CHARGE $35, $65 PER PERSON. SO THEY DIDN'T REALLY GET TO THE EXPECTED, THE CROWD AND THE AUDIENCE. SO I ALWAYS THINK THAT WAS A MISTAKE BECAUSE WE'VE BEEN DOING THIS AS A GOOD A TRADITION FOR SO LONG. ALL OF A SUDDEN YOU CUT IT OFF, THEN NOW YOU'RE BRINGING THE BAD. YOU KNOW, I THINK THE SPECIAL EVENTS ALREADY DID A PRETTY GOOD JOB. WHAT DID THAT BACK? BUT WITH LOSS, A LOT OF THE SUPPORT FOR THOSE YEARS ARE STILL KIND OF REBUILDING. WE'RE STILL BUILDING THAT. WHEN WAS THE FIRST YEAR THAT I CAME BACK, WHAT'S THE COMPETITION WITH I TASTE DOLLARS OR TASTES SEEMS LIKE, IT SEEMS LIKE I'VE, I'VE SEEN LATELY, YOU KNOW, LIKE OTHER LIKE THAT DOES DALLAS CONFLICT WITH OURS. THERE WERE ON A DIFFERENT WEEKEND. HIS STORY, GREEN TEA FACTS, AND USED TO BE THE THIRD WEEKEND IN MAY. WE'VE SENT THE WEEKEND FOLLOWING MEMORIAL DAY, MONDAY [02:55:01] TO NOT COMPETE WITH OTHER EVENTS. LIKE I BELIEVE IT'S CALLED MAIN STREET IN GRAPEVINE, AS WELL AS YOU ALL KNOW, SOMETIMES THERE'S THE BYRON NELSON TOURNAMENT GOING ON LEAVE. CERTAINLY WE CHOSE THE WEEKEND AFTER MEMORIAL DAY, MONDAY TO NOT HAVE THE COMPETENCE. IT WAS A LONG TIME AGO. IT WAS SOMETHING ELECTION IS ON SECOND SATURDAY. THEN WE HAVE MOTHER'S DAY NEXT DAY, RIGHT? THEN WE HAVE TASTES AD OR SOMETHING. OH MY GOD. ELECTION MOTHER'S DAY CASE. THAT IS A FACT THAT IT'S THREE DAYS, RIGHT. YOU KNOW, I WAS A MACHINE, YOU KNOW, SO THE RESTAURANTS DON'T PAY FOR THEIR BOOTH. THAT'S ACTUALLY ONE CHANGE THAT WE'VE MADE IN THE LAST TWO YEARS. THEY USED TO PAY US ANY PERCENTAGE OF THEIR SALES. WE'VE TAKEN THAT AWAY FROM THE FLAT FEE. I BELIEVE IT WAS ABOUT $600 THIS YEAR. AND YOU SEEM TO BE ANY BARRIER FOR ANY OF THE RESTAURANTS OR WAS IT MOSTLY THE LIBRARY? I BELIEVE IT'S MOSTLY THE LATE WAVES WE GOT. I KNOW THERE'S SOME REALLY LONG LINES, STILL AT A DISADVANTAGE. AND I KNOW YOU GUYS REALLY HUSTLE TO TRY TO GET THE RESTAURANTS IN THERE. I HAVEN'T HEARD HOW, HOW HARD YOUR DEPARTMENT WORKS ON THAT. GOOD LUCK. UM, I GOT THE FINANCE TO TALK ABOUT FINANCIAL, UH, HELLO, UH, MAYOR AND COUNCIL IS SENIOR ACCOUNTANT. I'M JUST GOING TO GO OVER A HIGH LEVEL. YOU HAVE REVENUE AND EXPENSES. PORTION OF REVENUE IS THE SALIENT COMMISSION REVENUES, UM, WITH OVER 235,000 SALTY ONLINE. AND I THINK MOST OF THE SALES WERE PRE-SALE ONLINE. AND THEN ANOTHER REVENUE SOURCES THEN MERCHANDISE. UH, THIS YEAR WE DID SOMETHING DIFFERENT WHERE THE MERGE TAG OUT OF SITE BRANDED STUFF WAS SOLD, UH, WAS MANAGED BY TOWN STAFF. BUT THIS YEAR WE ACTUALLY WENT THIRD-PARTY TO SELL THAT. AND WE GOT A 40% COMMISSION OR WHAT THINGS. AND THEN, UH, 24,000 WAS, UH, OUR , UH, 24,000 ANALYSIS PERCENT ON FIRE. UH, YEAH, 20% WAS THE, OF A GROSS SALES OF THAT, BUT THEY SOLVED. I DID WELL, THE NATIONAL REVENUE, 81,000 IN SPONSORSHIPS, RUNNING TOWARDS TALKING ABOUT THE COLLABORATIVE $21,000 A MONTH. AND DOES STRIPE INHALE 350,000? HOW MANY BELIEF REYNOLDS? I BELIEVE IT WAS 18. UH, OTHER VENDORS ALSO IS THAT INCLUDED. YES. IT'S STILL UNDER CORRECT OVER 20 OR SO. I'M NOT A HUNDRED PERCENT. AND IF YOU DO 18 TIMES SIX, IT'S LIKE $10,000, WHICH IS LIKE 3% OF YOUR REVENUE. SO IF YOU DO 18 RESTAURANT MOOSE TIMES 600, THEN IT'S 10,000, $11,000. THAT'S ABOUT THREE OR 4% OF THE TOTAL REVENUE. IT MAY BE THAT IF YOU CAN GIVE THEM A WAIVE, THAT FEE WOULD GIVE THEM A CREDIT IF THEY PARTICIPATE FOR TWO DAYS, BECAUSE $10,000 IS NOT CONSEQUENTIAL. THAT MAY BE A GOOD INCENTIVE. MAYBE THEY HAVE TO PAY IT. BUT IF THEY PARTICIPATE IN BOTH DAYS AND THEY GET THE REFUND OR SOMETHING LIKE THAT, BECAUSE IF THEY HAVE MONEY SKIN IN THE GAME, THEN THEY'LL PARTICIPATE. IF IT'S JUST FOR FREE THEN. YEAH. YEAH. THAT'S A REALLY GOOD IDEA. YEAH, I LIKE THAT. BUT I CAN SAY I WOULD JUST GO BACK TO THIS TO GO BACK TO THE MERCHANDISE. I WAS FORTUNATE THAT 3,800, WE DID MAKE A CHANGE, UH, PRE OR PREVIOUSLY, [03:00:01] UM, HERE'S 630, $2 A BAND MERGED THAT WAS PREVIOUSLY ALLOCATED TO MISCELLANEOUS REVENUE. SO THAT'S THE CHANGE THAT YOU SEE? IT USED TO BE 3,200 NOW IT'S 3,800. THAT'S JUST ALLOCATION. SO ONE, ONE COMMENT ON THE MERGE. UH, PART OF IT WAS, UM, IF, IF YOU'RE NOT CAREFUL, YOU DIDN'T SEE IT OR DIDN'T EVEN KNOW I WAS THERE AND IT JUST KIND OF, SO I DON'T KNOW WHAT CAN BE DONE ABOUT THAT. WHAT KIND OF A THING THAT YOU MIGHT HAVE SOME KIND OF INCENTIVE FOR PEOPLE TO GO TO THE MERGE TET TO REDEEM SOMETHING OR PICK UP SOMETHING OR SOMEHOW JUST SOMETHING TO JUST GET PEOPLE TO WALK OVER THERE BECAUSE I ALMOST MISSED IT THIS LAST YEAR. I WAS LIKE, OH, TWO SHIRTS, SO MUCH CAR. YEAH. YES. THIS IS THE TOTAL REVENUE, THE 66,000 WITH ALL THE DIFFERENT REVENUE STREAMS. UM, THIS IS A FAR GRAPH, UM, UH, SHOWING ADMISSIONS AND ATTENDANCE, UM, HOW THEY CORRELATE, UM, THE WHITE TEXT AT THE BOTTOM IS, UH, ANYTHING THAT WAS SPECIFICALLY DIFFERENT ABOUT THESE EVENTS OR THESE, UH, UM, SO 2018 WAS WE ACTUALLY DID A SUNDAY THAT WAS PAID, BUT ALSO THERE IS BAD WEATHER. AND THEN YOU CAN SEE THE TREND OF AN ATTENDANCE THROUGHOUT THE YEARS. UM, FOR THE LAST TWO YEARS, 21 AND 22, WE ONLY DID FRIDAY AND SATURDAY INCREASE BETWEEN 21 AND 22. IT'S MOSTLY FOR THE, I THINK, TWO ADDITIONAL, UM, VENDORS THAT WEEK, RIGHT? YES. AND THEN ALSO THE HIGHER INCREASE OF VIP PRACTICE ALTRA SO THE ADMISSION, SO THE PRICE ON THE TOP OF THE BAR AS ADMISSIONS IS ATTENDANCE. UM, WE DID HAVE THE HIGHER VIP TICKETS THIS YEAR THAT INCLUDED THE BILLING DECK, THE LOUNGE PARKING THAT WE WERE ABLE. SO THAT'S, THAT'S WHY, EVEN THOUGH ATTENDANCE WENT SLIGHTLY DOWN, OUR ADMISSIONS WERE NOT, THAT'S A GOOD NEED, MORE VIP AREA AND NOW JUST EXPENSES. UH, IT'S USUALLY THE ENTERTAINMENT, THAT'S LIKE HUGE EXPENSE, UM, ALSO PAYROLL AND THEN THE, ANY CONTRACTUAL SERVICES THAT WE ALSO HAVE, AND IT PROBABLY WILL OUT TO 922,000 OR 920,000. SO WHERE IS THE ADVERTISING IN THERE? THE PAID ADVERTISING, 92,000 THAT CONTRACTUAL DID THE, UM, CHANGE FROM THE VIRTUAL OR FROM THE VOLUNTEERS TO THE OUTSOURCED MERGED EMPLOYEES GO INTO CONTRACTUAL WOULD BE, YES, NOT PAYROLL CONTRACTUAL. RIGHT? RIGHT. AND WE'LL MOVE IT AND ACTUALLY PAY THE MERGE VENDOR TO BE THERE. WE, IT WAS, LIKE OUR AUDIO VISUAL, UM, TRASHED, ARGUING 40TH ANDERSON, SINCE WE HIRE NATIONAL ARTISTS. AND LIKE YOU SAID, THAT'S AN EXPENSE, THE AUDIO VISUAL, BUT PRODUCTION, YOUR STAGE OF PRODUCTION GOES OUT WITH THAT FOR THE RECLINER INTERNATIONAL APP, THEY REQUIRE A RIGID AMERICA. YOU REMIND US OF THE WEATHER FOR THESE EVENTS, BUT THESE DAYS, THE WAY WE DID IT BY WHETHER INSURANCE, RIGHT, THE PARTICIPANT OR INSURANCE, UM, A FIGHTING THING, SAXON, WE KEPT GOING. WE DIDN'T HAVE TO TWO COUPLE OF ACTS AT THE BEGINNING ON THE MAIN STAGE, BUT EVERYTHING ELSE WENT, UM, ON SATURDAY WAS THE FIRST YEAR OF HER. IN SEVERAL YEARS, WE ACTUALLY GOT TO SEE OUR HEADLINERS. SO WE HAD BEAUTIFUL WEATHER ON FAT AND DID NOT HAVE TO MAKE A CLAIM ON WHETHER INSURANCE. SO WHAT PART OF THAT IS ALL INCLUSIVE FOR IT? SECURITY YOU HAVE OUTSIDE SECURITY AND IS, IS THERE INSIDE SECURITY IN PAYROLL? HOW MUCH THAT PAYROLL WAS SECURITY PERIOD. GOOD TO KNOW ON STAFF IN THE EVENT, THEY GET A SAFE, IS THAT CORRECT? THAT OTHER, NOT JUST POPPY SAFETY PEOPLE OUTSIDE THE SECURITY, [03:05:01] WE DO THAT FOR OTHER EVENTS HIGHER, THE OFF DUTY POLICE FOUND US COUNTY, SHERIFF NEIGHBORHOOD CITIES, POLICE OFF POLICE EXTENDED. YOU THINK THAT THE DIDN'T WE HAD, WE HAD A FRIDAY HEADLINE OF CHANGE KIND OF LAST MINUTE THING. DO YOU THINK THAT TOOK, HUH? NO. WE HAD LUDICROUS CANCELED AND I WAS GOING TO ASK, DO YOU THINK THAT LED TO SOME OF THE ATTENDANCE? I THINK THAT IN ALSO THE BAD WEATHER ON OUR ADVI, EVEN THOUGH IT WAS THIS RAIN, A LOT OF PEOPLE WERE JUST WALKING AND HAVE A GOOD TIME IN IT. BUT IF YOU WEREN'T ALREADY THERE, CAUSE IT STARTED EARLY. I THINK THAT DEFINITELY IMPACTED OUR ATTENDANCE ON FRIDAY. HOPEFULLY WE CAN, I DON'T KNOW HOW THESE CONTRACTS ARE WITH ENTERTAINMENT, BUT I CAN'T SEE HOW, HOW WE CAN HAVE A CONTRACT WITH SOMEBODY. AND THEN THEY DECIDE THAT, I MEAN, I GUESS IT'S IN THEIR CONTRACT WHEN WE, WHEN WE AGREED TO WHICH IF THEY CAN SHOW UP AND NOW WE'RE SCRAMBLING AROUND TRYING TO FIND SOMEBODY THERE'S GOTTA BE SOMETHING HERE. AND THOSE ARE SOMETHING IN EUROPE. YEAH. JUNIOR DEAL, THOSE CONTRACTS. BUT DID WE GET, UH, HOW DO WE GAUGE, UH, CUSTOMER SATISFACTION ON IF SHE'S NOT UNDERSTANDING THE EXPERIENCE OF THE END USERS THAT IT'S HAD, WE GET FEEDBACK FROM, IS THERE ANY FEEDBACK LOOP THREE TO SURVEY AND WE DO ON-SITE SURVEYS THAT ARE INFOSYS. AND WE ALSO HIRE, UM, SURVEY TAKERS TO WALK AROUND AND GIVE YOU A SMALL GIFT FOR TAKING A SURVEY AND COLLECTING THOSE. I DON'T, I DON'T ACTUALLY HAVE ANY OF THOSE RESULTS ON THIS POWERPOINT, BUT I'M HAPPY TO SHARE SOME OF THEM. I THINK IT WOULD BE INTERESTING. UM, I KNOW THAT I GOTTEN SOME FEEDBACK FROM LAST YEAR, JUST ABOUT FRUSTRATIONS, ABOUT THE VIP LINE, THINGS LIKE THAT, THAT WE SHARED WITH JASMINE. AND THEN, UH, WE CORRECTED A LOT OF THAT AND HOPEFULLY CREATED A BETTER EXPERIENCE AND IT'D BE GREAT TO SEE EVIDENCE OF THAT IF POSSIBLE, I WAS GOING TO WAIT TO THE END, BUT LAUREN JUMPED THE GUN, LIKE FIVE SLIDES LEFT. SO, UH, HOW DO YOU MEASURE SUCCESS? WHAT IS SUCCESS OF THIS? UM, LIKE I SAID AT THE BEGINNING ENHANCING THE ADDISON BRAND, SO I'M PROMOTING THE TOWN. SO THAT'S WHY I ALSO SHARED THE IMPRESSIONS, UM, THAT, AND THEN WHAT THE VALUE OF THAT IS, UM, CAUSE YOU CAN'T NECESSARILY PAY FOR THAT SORT OF, UM, PROMOTION OF THE EVENT. UM, WE KIND OF TANGIBLE BENEFITS. UH, THE PEOPLE WE BRING TO THE TOWN, UM, PEOPLE ARE HONEST BECAUSE OF, AND THEN THE SURVEYS WOULD BE GOOD FOR US TO GET BACK AND BE INCLUDED ON THIS. IT'S REALLY GOOD. SO WHAT ABOUT THE SATISFACTION OF THE PARTICIPATING RESTAURANTS? DO YOU, DO YOU SURVEY THEM ALSO? OKAY. YEAH. ANY GAUGE FOR THAT? WERE THEY HAPPY? UM, YOU KNOW, WE GET, UH, WE GET SOME OF THE FEEDBACK JUST WITH THE, UM, YOU KNOW, LIKE I SAID, THE LABOR AND JUST SEE, BUT OVERALL I HAVEN'T ACTUALLY LOOKED AT THOSE THINGS SO I CAN TAKE A LOOK AT THEM. THEY DO A SURVEY LAST, THE FOLLOWING WEEK IN THE MAIL, ON THE RESTAURANTS. IT'S VERY IMPORTANT TO KNOW WHAT THEY THINK THEY DIDN'T WANT TO FOR A JOB HAVE THESE OUTSIDE OF THE EVENT, WHICH IS A PREY FOR THE WEATHER. I JUST PRAYED FOR THE GOOD WIFE. THAT'S ALL WE CAN DO. ANY MANAGER CAN HELP AT LEAST FOR OCTOBER. ABSOLUTELY. NO RAIN I'LL DO SOME COMMERCIALS. NO, THAT'S NOT WHAT LOVE FOR THIS. OKAY. SO WITH REVENUE OF 366,000 AND THE EXPENSES OF MINE HAD BEEN 28, UH, THERE WAS A LOSS OF 553,000. WE HAVE THE LAST FOUR YEARS OF NOT INCLUDING 2020, COVID A GRAY REPRESENTS THE PROFIT FOR LOSS AND REVENUE GREEN AND EXPENSES BLUE. UM, WITH 2021, I WILL SAY AT THE, THERE WAS THAT INSURANCE CLAIM THAT WAS 150,000 FOR THAT ALSO OFFSETS A LOSS IN 2021. WHY YOU SEE THAT DRASTIC FROM EVERYBODY WANTING TO 22? UM, AND THEN 2018 IS REALLY HARD TO COMPARE WITH OTHER YEARS BECAUSE WE ALSO SAW THE TASTY BITES THOSE YEARS. SO WE [03:10:01] DON'T DO THAT ANYMORE. SO WE JUST REDEEM THEM. BUT BACK THEN WE ACTUALLY SOLD THEM AND THEY HAD TO BE REDEEMED AT THE EVENT. SO, SO WITH THAT INFORMATION, HERE'S JUST SOME THOUGHTS THAT WE HAVE FOR NEXT YEAR. I'M ALSO TAKING NOTES ON ALL THE FEEDBACK YOU'RE GIVING ME TODAY. UM, BUT WE'RE GOING TO CONTINUE WITH THE TWO DAY FESTIVAL TO MAXIMIZE OUR LIFE WHERE OUR RESTAURANTS, LIKE I SAID, UM, WE'LL CONTINUE DESIGNING THE EVENT AND MARKETING TOWARDS OUR THREE TARGET GROUPS, MOVIES, MUSIC, LOVERS, AND FAMILIES. IT'S THE PERFECT COMBINATION OF THESE THAT ACTUALLY PEOPLE SEE THE YEAR THAT WE'RE GOING TO IMPROVE THE OPERATIONS OF THE VIP EXPERIENCE. UM, WE HAD SOME GREAT PLANS, SOME OF THE EXECUTION , SO WE'RE GOING TO MAKE SURE I'M WORKING ON THAT AND THEN CONTINUE AND SPECIALTY AREAS FOR CHILDREN AND ADULTS FOCUSING ON SPONSORSHIP PARTNERSHIPS. SO THIS THOUGHT COMES FROM THE GROVE RECEIVED GREAT FEEDBACK. THAT WAS THE FENCE AREA WHERE YOU COULD GET THE LIQUOR SAMPLES THAT WAS RIGHT BY THE, UM, BY BEING FULL STATES. UM, AND SO WE WANT TO FOCUS ON CREATING AREAS LIKE THIS SO WE CAN BRING A BETTER SPONSOR SO THEY CAN BRING IN MORE SPONSORSHIP REVENUE AND ENHANCE THE ATTENDING EXPERIENCE. MORE QUESTIONS OR COMMENTS ON THAT ONE, ANY NEW IDEAS ON HOW YOU WILL INCREASE HOTEL OCCUPANCY. UM, WE DON'T, UM, YOU KNOW, JUST LOOKING AT HOW TO CHANGE THE HOTEL PACKAGE ON WHAT THAT, UM, WHAT THAT, WHAT WE OFFER TO YOU AND BY BOOKING A HOTEL, UM, LIKE I SAID, CONTINUING WITH THE 20, 21 MODEL WHERE YOU DON'T HAVE TO PROVIDE A SPECIAL RATE JUST BOOK OR JUST BOOK A HOTEL ROOM TO GIVE THE VOUCHERS TO ALL OF THEM. UM, AND JUST DOING MENTIONINGS WOULD TELL PACKAGES AND MORE OF OUR PROMOTION FOR THE EVENT AS WELL. NO, THERE WAS THE ONE PROMOTIONAL ITEM THAT YOU GAVE ALONG WITH THE TICKETS. DID THAT, WAS THAT BENEFICIAL? COULD YOU TELL IF THAT WAS SOMETHING OR, OR WOULD THE TICKETS BE ENOUGH? I DON'T KNOW IF I THINK THE TICKETS HIS WAY, UM, ATTRACTS THAT. I DON'T THINK JUST A LITTLE ART IN THE WAY, THE LITTLE CANVAS TOO BAD. SO JUST, UM, YOU KNOW, BRAINSTORMING IDEAS ON WHAT THAT OFFER COULD BE. YEAH. AND NOT ONLY THAT, BUT WHAT IS THE LEVEL OF ADVERTISING THAT WE'VE DONE FOR THE HOTEL PACKAGE THING, YOU KNOW, TICKET FREE TICKETS, LIKE, IS THERE EITHER ANOTHER VET, YOU KNOW, ANOTHER AVENUE FOR ADVERTISING OR CAN WE EXPAND SOMEHOW? I DUNNO, THE ADVERTISING IN SOME WAY TO GET THE WORD SOONER, FASTER, SO MAKE, MAKE IT A WEEKEND IN ADDISON AND COME TO TASTE STATUS. AND THEN AS OPPOSED TO JUST WAIT UNTIL SOMEBODY SHOWS UP AT THE HOTEL, RIGHT. OR JUST WAIT UNTIL SOMEBODY TRIES TO GET IN AND THEY CAN'T GET OUT AND THEN SAY, OH, BY THE WAY, I THINK THEY ALREADY WORK ON THAT. BUT HOW YOU FACTOR IT IS THAT TIME YOU ARE BETTER. IN FACT, EVERYBODY OVER-DRINK IN COUPLE OF TOWNS, SO THEY DON'T WANT, THEY ALSO, THEY DON'T WANT TO BEAT THE TRAFFIC. SO LATER WHEN SHE MADE THE PRESENTATION FOR KABOOM TOWN, YOU WILL SEE THE BIG JET PEOPLE STAY IN A HOTEL, WE FIGURE OUT A WAY TO MAKE IT SO THAT YOU HAVE TO STAY IN A HOTEL TO HAVE AN EXPERIENCE, MEANING LIKE, OKAY, STAY IN A HOTEL, YOU GET THESE THREE ROWS, RIGHT. BY THE BAND OR, YOU KNOW, WHATEVER THAT, THAT'S THE ONLY WAY YOU GET IT, YOU'LL SELL HOTEL ROOMS. CAUSE PEOPLE WILL DO IT JUST FOR THAT. GOOD. YOU KNOW WHAT I MEAN? IT'S LIKE VILLA LARRY HERE JUST FOR HOTEL PACKAGE. NOBODY ELSE CAN USE IT. OKAY. YEAH. SO ANOTHER THOUGHT, YOU KNOW, HOW WE'VE TALKED ABOUT, UH, INCORPORATING THE AIRPORT AND TRYING TO LEVERAGE THE AIRPORT, YOU KNOW, MAYBE GET WITH THE AIRPORT OPERATION ABOUT THE POSSIBILITY OF INTEGRATING SOME KIND OF A GIVEAWAY SOMEHOW WITH, UH, AN AIRPLANE RIDE OR SOMETHING. I DON'T, I, I DON'T EVEN KNOW WHAT IT WOULD BE SOMETHING TO DO WITH ENGAGING THE AIRPORT, NOT NECESSARILY AN AIRPLANE RIDE, BUT JUST, UH, I DON'T KNOW, JUST GET INTO A WHITEBOARD CREATIVE SESSION WITH THE AIRPORT ON HOW TO LEVERAGE THAT ASSET, BRING THEM OVER TO THE MERCHANT TO WIN IT. YOU KNOW WHAT I MEAN? GET, GET THEM, I WANT TO TRY TO INCREASE THE REVENUE STREAM. AND SO WE CAN DO THAT SOMEHOW LEVERAGING THE RESOURCES AND ASSETS WE HAVE THEN I DUNNO, WHAT KIND OF THING IT WOULD BE. SO ADVERTISING FOR SOME GROUP OF PILOTS, [03:15:01] THE TASTE STATUS WEEKEND. YEAH. YEAH. THE HOTEL PACKAGE FOR, FOR PILOTS FLYING IN FOR THE WEEKEND. YEAH. THERE'S, THERE'S A LOT THERE. I MEAN, THERE'S NOT JUST LIKE THAT, YOU KNOW, BUT THERE'S AND COME SEE CABIN ON FLY MUSEUM. YEAH. I MEAN, THERE'S, IT WAS CLIENTS INCLUDE BECK BREAKFASTS A LOT OF TIMES ALSO, SO THAT YOU COULD MAKE IT AN OVERNIGHT EVENT. YEAH. GAME-IFY TOP TRIVIA. YOU ANSWERED THESE TRIVIA QUESTIONS. YOU GOT TO GO TURN IT IN AT THE BAR OR SOMETHING, THE MERCHANT, AND THEN GET THEM TO THE MARCH TECH WAY. THEY CAN BUY A T-SHIRT. SO WHAT DO YOU THINK IS THE ONE BIG THING THAT YOU CAN DO NEXT YEAR TO, TO MAKE IT? UM, I THINK IT'S JUST A SWEET MIX OF LIKE THE THINGS I WAS TALKING ABOUT, GETTING MORE RESTAURANTS AND AS WELL AS WHAT ENTERTAINMENT WE CHOOSE, ONE BIG THING, ONE BIG THING OR RESTAURANT OR ATTENDANCE. CAUSE YOU HAD A HIGHER PER PERSON, MORE RESTAURANTS, PROBABLY EASIER ACCESS FOR EACH RESTAURANT ALREADY GONE FOR SET PATRONS. SO WE ALWAYS EDIT TIES IN THE RESTAURANT WITH POSTERS. SO, YOU KNOW, EACH PEOPLE OUT, YOU KNOW, YOU KNOW, WE'LL ALWAYS DRIVE MORE, UH, UH, WHATEVER YOU WANT TO SAY, FANS TO GO THERE. THAT'S NUMBER ONE. NUMBER TWO IS AN ACCOUNTANT. I REMEMBER THE BEST YEAR IS THE YEAR OF, UH, UH, CHRIS DAUGHTRY THERE RENTING. IT WAS RENTING WHEN YOU'RE PERFORMING, YOU DON'T HAVE TO WALK, ROBBING EACH OTHER AND THE WALKING EVERYWHERE GET KELLY WHAT DO YOU JUST LASER FOCUSED ON GETTING 30 RESTAURANTS THERE? YEAH. YEAH. I THINK YOU'RE RIGHT. RESTAURANTS AND MORE FAMOUS ENTERTAINER. THAT'S THE TWO THINGS YOU CAN DRIVE THE MOST CROWD KELLY CLARKSON'S, UM, THAT, THAT TRAILER THAT SHE'S TAKEN AROUND TO GET NEW SINGERS, TO SING A DUET WITH HER ON HER SHOW AND WHAT I'M TALKING ABOUT, GET, GET THOSE SINGING SHOWS THAT ARE GETTING PEOPLE, YOU KNOW, WHEN THEIR LIFE DREAM TO COME DO IT. WHEN I GOT AN IDOL, ANY OF THEM, THE VOICE AMERICAN IDOL, KELLY CLARKSON, THEY'RE ALL DOING IT. THE QUESTIONS MAINLY, UM, ON THAT FOUR YEAR COMPARISON THAT WE SHOWED YOU JUST TO GIVE YOU SOME HISTORY, UM, SOME OF THE THREE, UH, IF YOU SEE THAT WE ACTUALLY SPENT MORE ON ENTERTAINMENT THIS YEAR AND HAD A LOWER ATTENDANCE LAST YEAR, THE STAFF WENT WITH THE MODEL OF SPENDING LESS ON BANDS, BUT STILL GETTING FOLLOWED THAT PEOPLE KNOW. SO WE HAD LAST YEAR WE HAD LIT, UM, THIRD EYE BLIND WHO DIDN'T GET TO PERFORM RIGHT. JUMPS YOU'D HAVE RIGHT. WE HAD A FULL DAY LINEUP. UM, BUT WE HAD ONE OF THE BEST ATTENDANCE AND WE'RE TRENDING VERY WELL ON SATURDAY. UM, AND THEN ARRANGE, CAN YOU, IS THERE ANY WAY YOU CAN GO BACK TO SOME OF THOSE THAT WERE MURDERED, THAT, THAT, THAT THEY COULDN'T PERFORM? WHO WAS IT THE YEAR BEFORE? IT WAS, IT'S BEEN AN ARMY ANTHONY DECKS AS MASH MOUNT. SO SOME OF THE ONES THAT THEY DIDN'T GET TO PERFORM, YOU KNOW, THINK ABOUT CALLING THEM BACK. WE WERE LUCKY. WE WERE LUCKY WHEN CHRIS DAUGHTRY, BECAUSE THAT'S RIGHT. THE CONTRACT WAS SIGNED, WHETHER IT BE FOR, HE BECAME THE WRONG. SO, SO, YOU KNOW, WE TOOK ADVANTAGE OVER HIS MORE FAMOUS, YOU KNOW, WE USED TO HAVE LIKE ONE NIGHT WAS THE MORE COUNTRY CONTROVERSY. THE OTHER ONE WAS MORE ROCK SO THAT YOU GOT KIND OF TWO DIFFERENT AUDIENCES AND YOU WEREN'T COMPETING FOR THE SAME NIGHT. SO, ALL RIGHT. OKAY. [13. Present and Discuss the Operations and Financial Reconciliation for Addison Kaboom Town! 2022. ] LET'S GO TO ITEM 13. PRESENTS DISCUSS THE OPERATION FINANCIAL RECONCILIATIONS OF THE EDISON CAPONE TOWN. THIS IS WHY IS ALWAYS ONE PLACE. GOOD EVENING. MAYOR AND COUNCIL IS SONIA SALDIVAR INTERIM DIRECTOR OF SPECIAL EVENTS, JANA RECAP OF COUPLAND TOWN, 2022. SO NEW FOR THIS YEAR. UM, WE DID CONTINUE WITH THE FREE TICKETS REQUIRED FOR ENTRY AND RELEASE THE EARLY RESIDENT, UM, ACCESS TO THOSE TICKETS. WE RELEASED MORE TICKETS THIS YEAR AND HAD 35 98 RESIDENTS TICKETS WERE ISSUED. UM, THAT'S [03:20:01] ABOUT EIGHT OR EXCUSE ME, 700 MORE TICKETS THAN LAST YEAR ON THE RESIDENTS. UM, WE HAD THE NEW CALIBER AUTOCARE SPLASHDOWN THAT INCLUDED WATER SLIDES, OBSTACLE COURSE FAMILY-FRIENDLY ACTIVITIES. WE OFFERED ACTUAL ADDISON BOOMTOWN BRANDED MERCHANDISE. LAST YEAR, WE ONLY HAD ADDISON BRANDED MERCHANDISE AND RETURNED TO THE ADDISON AIRPORT AIR SHOW WITH, UM, FEEDBACK AND GUIDANCE FROM COUNCIL BOOMTOWN. WE DON'T DO MUCH PAID ADVERTISING AND WE ONLY DO PAY DIGITAL, UM, BECAUSE KABOOM TOWN HAS A LIFE OF ITS OWN. WE DON'T HAVE TO DO AS MUCH PAID ADVERTISING FOR THIS ONE. UM, THE MAJORITY IS OUR PARTNERSHIPS WITH THOSE IN KIND LIKE THAT. I MENTIONED WITH IHEART RADIO SPECTRUM, UM, WE ALSO HAD CW 33 IS A PARTNER. I WAS NOT ABLE TO GET THE NUMBERS IN TIME FOR THIS PRESENTATION. UM, AND THEN OUR PR FIRMS EFFORTS. SO YOU'LL SEE THAT WE WERE ABLE TO GET, AND THIS IS NOT INCLUDING THOSE CW NUMBERS, 51.5 MILLION IMPRESSIONS, UM, VALUED AT ABOUT 9.5 MILLION WHERE THE HOTELS, UM, LIKE I SAID, WE DID THE SAME THING WE DID AT CASE. SO ANY HOTEL, EVERY HOTEL BOUCHER, AND WITH THAT HOTEL BUBBLE, YOU GOT GUARANTEED ADMISSION FOR UP TO SIX PEOPLE AND A BRAND GOOD COOLING NET COUNT. UM, WE DID HAVE NINE ADDISON HOTELS. YOU OFFERED SPECIAL RATES FOR THE EVENT, OUR TOTAL PACKAGE WHERE THIS EVENT WAS 928. UM, AS IN YEARS PAST THERE'S EXPECTATIONS THAT NOT OUT ALL VOUCHERS WERE ACTUALLY REDEEMED AT THE, BECAUSE SOME HOTELS OFFER A VIEW FROM THE FIREWORKS FROM THEIR HOTEL. SO THEY DON'T ACTUALLY COME TO THE EVENT. UM, BUT EVERY SINGLE HOTEL DID SEE A BOOKING DIRECTLY RELATED TO KABOOM TOWN. UM, AND OUR TIMELINE HOTEL OCCUPANCY WAS 78.2%. I'M NORMAL SENDING IN JULY IS USUALLY ABOUT 50%, BUT THOSE PARTICIPATING GIRLS, THEY ARE MUCH HIGHER, ESPECIALLY THE ONE ADJACENT COMFORT SUITES. THAT'S THE BEST LOCATION THEY GOT, YOU KNOW, COMFORT SUITES BEHIND THE FISH FISH, KIMBALL AND FISH MARK HAD BEFORE. THAT'S THE NUMBER ONE OCCUPANCY I'M NOT FINISHED TO TALK ABOUT THE NUMBERS, MARION COUNCIL IT'S MOBY ALTA SENIOR ACCOUNTANT. UM, JUST NOT HIGH LEVEL VIEW OF REVENUE. NEXT FENDERS ARE. SO AGAIN, I'M SPLIT UP BETWEEN SPONSORSHIPS, INVOICED AND MISCELLANEOUS REVENUE ALL ABOUT TO $81,000. UM, THE 36,000 IS FROM OUR VENDORS, WHICH WE HAD A COMMISSION OF 20% JUST LIKE BURNT TASTE MADISON ALSO, AND THEN TOWED BREAKDOWN, MISCELLANEOUS REVENUE, A LITTLE BIT MORE. WE GOT $6,200 IN THE SPLASH ZONE THAT WE ADDED THIS YEAR, $760 IN VENDOR FEES, UH, LIKE THE FEES AND THEN EMERGENCY SALES OF $1,200. THAT WAS, UH, FROM OUR THIRD PARTY. AND THAT WAS 40% OF, UH, THE BARS ARE THE FOOD AND BEVERAGE SALES. AND THEN THE DOTTED MINE IS THE ATTENDANCE. UM, SO IN 2018 IT WAS ON TUESDAY, THE EVENT AND WE ACTUALLY HIRED A THIRD PARTY TO HANDLE ALL OUR FOOD AND BEVERAGES, UM, UH, VENDORS. AND, UM, SO MY YEAR THAT WE DO THAT, WE DO THAT IN 2018. SO IN 2019, WE ACTUALLY BROUGHT IT IN HOUSE. AND THAT'S WHY YOU SEE THAT DRASTIC CHANGE BETWEEN 18 AND 19. AND THEN THE LAST TWO YEARS, WE'VE HAD LIMITED CAPACITY, AS YOU COULD SEE THE DOWNWARD IN ATTENDANCE ALSO, UM, 21 BEING MOSTLY BECAUSE OF COVID AND 22 ALSO, BUT WE ACTUALLY INCREASED THAT LIMIT OFF BECAUSE YOU'RE GETTING BETTER. SO YOUR TOTAL REVENUE WAS $81,000 AND YOU HAVE $180,000 UP THERE. THIS IS A TOTAL FOOD AND BEVERAGE SOUNDS THAT 80 WORDS. UM, WE MENTIONED THAT 83, EXCUSE ME, THE INVOICE REVENUE, THERE IS 20% DIGITAL REVENUE SHARE. THIS IS THE TOTAL FOOD AND BEVERAGE SALES. OKAY. [03:25:05] OUR EXPENSES THAT TOTAL ABOUT TWO THAT'S 375,000, THE BIGGER ONES BEING PAYROLL ON FIREWORKS WORKS AND CONTRACTUAL SERVICES, OH, THE PNP SALES BASED ON TICKET SALES, OR WHAT'S ACTUALLY BRIGADE AS VIP EXPENSES ARE BASED ON WHAT WE HAVE TO SPEND TO PUT VIP ON. YOU DIDN'T HAVE ANDREW IN 38, VIP'S CHECKED IN, UM, OPTIMALLY $23 PER VIP. SO WHAT WE DO AND WE ISSUE SO MANY TICKETS, SO WE ORDER NOT THE SAME AMOUNT OF FOOD, BUT WE HAVE TO PAY FOR THAT FOOD REGARDLESS OF WHAT GETS WRITTEN. SO DOES THEIR EXPENSES LIKE THE TABLES AND CHAIRS AND THE CATERING AS WELL AS THOSE BEVERAGE TOKENS. THAT'S WHAT WE RUN OUT OF FOOD AND VIP EVERY YEAR. I MEAN, AS IN WE GET UP CLOSE TO BEING RIGHT, WE GET HIT PRETTY CLOSE TO BEING RIGHT, RIGHT NOW. CAUSE WE DON'T WANT TO DO THAT, BUT WE DO ORDER VERY CLOSELY. SO WE ISSUE MUCH MORE TICKETS THAN WE ACTUALLY ORDER FOOD NOW. AND THEN WITH ALL REVENUE OF 81,000 AND TOTAL EXPENSES OF THREE, FIVE, UH, WE HAD A LOSS OF 303,000 AND THEN HERE'S THE FOUR YEAR COMPARISON OF, UH, CORPORATE REVENUE AND EXPENSES. UM, YOU CAN SEE IN 21 AND 22 DECREASE IN REVENUE, UM, BECAUSE OF THE, THE FREE ADMISSION AND ALSO THE LIMITED CAPACITY ALSO. UM, BUT EVEN WITH THAT, UH, THE LAW WASN'T REALLY CONSISTENT THROUGHOUT THE YEARS FREE ADMISSION. OKAY. THAT'S WHAT I WOULD CALL IT AN INVESTMENT EARLIER. IT SOUNDS WEIRD, BUT TRANSMITTERS. UM, SO SOME THOUGHTS FOR NEXT YEAR, UM, OUR SAMPLE WE'LL LOOK AT ALTERING OPERATIONS OF THE FAMILY FRIENDLY ACTIVITIES, LIKE THE SPLASHDOWN AS NECESSARY, THAT NOTES IN HERE JUST PENDING THE TOD DEVELOPMENT THAT IT TAKES PLACE IN THAT CARNIVAL AREA. WE'LL STILL OFFER IT, UM, BECAUSE OF THE SUCCESS OF THE SPLASH ZONE THIS YEAR, UM, IMPROVE THE HOTEL PACKAGE. IT'S ANY EXPERIENCE WITH THE DEDICATED ENTRANCE. WE DID NOTICE THAT HOTEL PACKAGE LINES WERE REALLY LONG GETTING INTO THE EVENT. UM, WE ALTERED, WE CHANGED OUR STRATEGY ON SITE, BUT WE PLAN AHEAD FOR THAT THIS YEAR AND THEN SEEK CONTINUED SUCCESS OF THE FIREWORKS SOUNDTRACK. EVERYONE LEARNS, LOVES THE FIREWORKS AND LET GRADES BACK ON THE SOUNDTRACK THIS YEAR, WE WERE ABLE TO FIND THAT SWEET SPOT OF, UM, MODERN AND TRADITIONAL FAVORITES AND THAT A LOT OF GREAT COMMENTS ON THOSE ARE STAFF GET, SORRY, CAN YOU TELL US A LITTLE BIT MORE ABOUT HOW THE SPLASH SONG WENT? 10 TICKETS? I DON'T ACTUALLY HAVE THE NUMBER OF WRISTBANDS, THE 400, I THINK LIKE FOUR 50, THERE ARE $15 EACH, UM, LIMITED. RIGHT, RIGHT. SO SUCCESS, WHEN YOU THINK IT'LL DO IT AGAIN NEXT YEAR, IF IT'S AVAILABLE, WE'RE LOOKING AT MOVE IT TO A PLACE INSIDE THE PARK, BUT WE ALSO DON'T WANT IT TO TAKE TOO MUCH SEATING TO BE. SO WE HAVE TO LOOK AT THOSE OPTIONS THERE. WHAT WAS THE SAFETY LIKE? EVERYONE STAY SAFE. UM, WE DID HAVE, I BELIEVE ONE REPORT OF, UH, SOMEONE HURTING THEIR ARM. UM, AND, UM, OTHER THAN THAT, IT WENT WELL. UM, YOU KNOW, WE HAD SEEMED WELL RECEIVED. THEY GAVE THE CHILDREN SOMETHING TO DO AND KIND OF KEPT GOING OUT OF THE WATER GARDEN AREA. IT WAS WATER OVER. IT WAS AWESOME. YEAH, I WAS UNDER, SO CAN YOU TELL ME WHAT THE REASONING IS BEHIND SIX GENERAL ADMISSION TICKETS FOR A HOTEL ROOM? BECAUSE MOST HOTEL ROOMS ONLY HOLD LIKE FOUR PEOPLE. SO WHY THE SIX, WE DO THE SIX BECAUSE SOME PEOPLE GO INTO A FAMILY, A FAMILY OF FIVE, WE GOT THAT. A LOT OF A FAMILY OF FIVE IS SHARING A HOTEL ROOM. YOU KNOW, THE CHILDREN MAY BE SMALL, THEY SHARE A BED. UM, SO WE DO UP TO SIX TO ACCOMMODATE FOR, YOU KNOW, FOR FAMILIES. I GOT FEEDBACK ON THE FIREWORKS FROM A LOT OF PEOPLE, BUT THEY WERE JUST REALLY, REALLY GOOD THIS YEAR. AND IT JUST REALLY GOOD IN THE SOUNDTRACK WAS GOOD. ALSO NOTICE [03:30:01] KIND OF FROM A, YOU KNOW, YOU HAVE PAYROLL OF $76,000 AND UH, I MENTIONED THIS TO JOHN. THIS IS A REALLY GOOD TEAM BUILDING ADVANCE. YOU KNOW, YOU CAN'T, THIS IS A THEME. CAUSE MOST OF THE CITY EMPLOYEES, A TON OF BOYS. RIGHT. AND YOU CAN'T BUY IT. SO IF YOU HIRED LABOR $14 AN HOUR LABOR, YOU WOULDN'T GET ANY. BUT IF YOU DID, THEN YOU WOULD SAVE SOME MONEY. BUT I THINK IT'S REALLY KIND OF PRICELESS FOR, CAUSE I, THE MTV TOWN EMPLOYEES LOOK FORWARD TO WORK IN THE BOOSTS. THEY WORK. I ALWAYS SEE THAT THEY'RE ALL OVER AT THE, UH, THE MERCH BOOTH AND OR INFORMATION BOOTH OR SO IT'S, THAT'S, UH, A POINT THAT I WANT TO MAKE THAT YOU GUYS DO THAT. WELL, I THINK IT'S IMPORTANT. THE OTHER THING I'D LIKE TO SUGGEST IS ONE COUNCIL VOLUNTEER AND DO SOME RUN A BOOTH OR SOMETHING. I'LL DO IT DURING FIREWORKS TIME. WE MIGHT AS WELL WORK ALONGSIDE OF THE, AND THE REASON B SAYS EACH CONCERT INVITED A LOT OF, UH, YOUR FRIENDS, VIP FAMILY, UH, THAT'S A TIME ALSO EMPLOYEES, EVERYBODY GOT A BIP TICKET TO GIVE TO THEIR FAMILY, BUT I THINK IT'S A GOOD OPPORTUNITY FOR YOU TO MINGLE WITH DIFFERENT PEOPLE, DIFFERENT FACIALS. I THINK THAT'S YOUR MAIN JOB. THAT'S A PROMOTION TO BE A GOOD AMBASSADORS REPRESENTING THE CITIES. THAT'S WHAT I BEEN DOING ALL THE TIME, YOU KNOW? SO I STAY PRETTY BUSY WITH IT BECAUSE OF ALL THE GUESTS THAT COME IT'S LIKE, YOU'RE TRYING TO SAY HI TO EVERYONE, SIT AND SPEND TIME WITH, CAUSE SOME, SOME OF MY FRIENDS AND FAMILY THAT COME IT'S LIKE IT'S KIND OF A TRADITION, MAYBE MORE CONDUCIVE. IT TASTES. SO YOU SEE, UH, I HATE TO SAY THIS MAJORITY OF ELECTED OFFICIALS FROM OTHER CITY COUNTY LOVE TO COME TO OUR FIREWORKS SHOW AND THEN ALSO SUE THE RELATIONSHIP BUILD WITH, UH, WHAT AFFAIRS COUNCIL. SO WE ALWAYS INVITED DIFFERENT COUNSELOR, COUNSELOR REPRESENTING DIFFERENT COUNTRY TO SHOW UP SO FUN ALL OVER THE WORLD. SO THAT'S A GOOD OPPORTUNITY FOR YOU TO MEET WITH THEM. AND THEN FOR THEM TO SHOWCASE WHAT A WAKE. YEAH. IF YOU WANT TO VOLUNTEER, I THINK , LET'S MOVE FORWARD. ITEM [14. Present and Discuss an Update on Addison Oktoberfest 2022.] 14, PRESENT DISCUSS UPDATE AS OKTOBERFEST 2022 IS COMING UP IN TWO WEEKS. THIS IS OUR LAST OCTOBER FAST TOWN. YES. NOW IT'S HARD TO BELIEVE. IT'S OUR LAST ON COUNCIL ON CONSOLE. I MEAN, , I'M SCARED. THIS IS THE LAST TIME YOU HEAR FROM ME TODAY. SEND YOUR CELLS OF OUR INTERIM DIRECTOR OF SPECIAL EVENTS. I'M HERE TO GIVE YOU A PREVIEW OF OUR UPCOMING AND MY FAVORITE EVENT, OCTAVE PROFESS. UM, SO YOU'LL SEE HERE THAT OUR EVENT TIMES AND OUR ADMISSIONS HAVE NOT CHANGED THIS YEAR. UM, SO ON THURSDAY WE'RE GOING TO DO THE 18TH OR EVENT IS 6:00 PM TO 11:00 PM, SIX TO 12:00 AM, 12 TO 12:00 AM TO 5:00 PM ON SUNDAY. OUR GENERAL ADMISSION TICKETS FOR FRIDAY AND SATURDAY ARE $10 FOR AGES 10 AND UP AND FREE FOR AGES NINE. AND UNDER THURSDAY NAME SUNDAY ADMISSION IS FREE FOR ALL AGES. WE HAVE SEVERAL TICKET PACKAGES THAT WE'RE SELLING THIS YEAR. UM, THE ADDISON OKTOBERFEST PACKET IS $40 AND INCLUDES A TWO DAY PASS. SO YOU CAN COME ON FRIDAY AND SATURDAY COMMEMORATIVE SIGN TO POLLEN OR BEERS AND A COMMEMORATIVE LAPEL PIN. WE'RE ALSO SELLING OUR PARTY HALL DECK TABLES, UM, A LITTLE DIFFERENTLY THAN WE DID LAST YEAR ON THURSDAY. IT, THESE ARE OPEN TO JUST EVERYBODY. LAST YEAR. WE JUST DID CORPORATE NIGHT, ONLY ON THURSDAY, BUT ANYONE CAN BOOK THESE TABLES. UM, ON THURSDAY IT'S $200 BECAUSE ADMISSION IS FREE FRIDAY AND SATURDAY IT'S $300 BECAUSE IT INCLUDES ADMISSION FOR EIGHT. UM, THIS PACKAGE INCLUDES A RESERVED PARTY HALL TABLE UP ON THE DECK, UM, FROM SIX TO CLOSE, LIKE I SAID, GENERAL ADMISSION ON FRIDAY AND SATURDAY. AND THEN FOR EIGHT PEOPLE, COMMEMORATIVE, STEINS ALL ON OUR BEERS AND COMMEMORATIVE LOOK HEALTHY. [03:35:02] UM, OUR HOTEL PACKET IS OUR HOTEL PACKAGE LIKE WE DO WITH THE SAME, REALLY ANY ADDISON HOTEL BOOKING. IT INCLUDES GENERAL ADMISSION FOR TWO TO BE EVENT CUTE COMMEMORATIVE STYLE, KEEP CALLING HER BEERS AND TWO COMMEMORATIVE LAPEL PINS. UM, RIGHT NOW OUR TICKET SALES ARE GOING GREAT. OUR PARTY HALL DECK TABLES FOR THURSDAY ACTUALLY SOLD OUT WITHIN TWO HOURS. SATURDAY IS ALREADY SOLD OUT AND WE'RE 50% OF THE WAY SOLD OUT FOR FRIDAY. THAT'S GREAT. UM, SO SOME OF THE ENTERTAINMENT WE HAVE, WE HAVE THREE STAGES GOING ON AT THE EVENT. OUR PARTY HALL STAGE IS INSIDE THE BIG TENT. UM, CONTINUING THE OPEN AIR DESIGN WITH THE TENT. WE HAD VERY POSITIVE FEEDBACK IN 2021 WITHOUT THE WALLS ON THERE. WE HAVE ADDED IMPROVEMENTS TO THE TENT WITH MORE FANS FOR COOLING, EXTRA SEATING, UM, BUT WE'LL HAVE LIVE MUSIC AND A DANCE FLOOR IN THERE. AND THAT'S WHERE THE PARTY HALL DECK IS. MY MUSIC CELDT STAGE IS AN OUTDOOR MUSIC STAGE THAT HAS FAMILY-FRIENDLY STAGE CONTESTS AND PERFORMANCES. UM, SO LET'S POKE OVER THERE AND OUR CLIENT HALL IS OUR INDOOR STAGE AT THE ADDISON CONFERENCE CENTER. WE FOCUS ON ENTERTAINMENT FAIR TO ADD THAT TEXAS FLAIR TO OKTOBERFEST TRADITIONS. UM, SO WE HAVE SOME LIKE ACOUSTIC, UM, ARTISTS IN THERE AS WELL AS TRADITIONAL TOOLBOX ADDITION TO OUR STAGES. UM, WE ALSO HAVE INTENSE, WE SMOKED TWO PROFESSORS, ALSO KNOWN FOR MULTIPLE GEAR GARDENS. SO OUR DRAFT HOUSE BEER GARDEN IS OUTSIDE. THE CONFERENCE CENTER IS AN OUTDOOR SEATING AREA WHERE WE SHOW FOOTBALL ON THE LARGE VIEWING SCREEN. WE ACTUALLY HAVE A LARGE SCREEN THAT SPLITS INTO FOUR, SO YOU CAN SHOW MULTIPLE GAMES. UM, AND THEN THE, OR BEER GARDEN IS WHERE WE HAVE ALL OF OUR BEER GAME CONTESTS THAT ARE EXTREMELY POPULAR. OUR BEER BARREL ROLLING, THEIR MAINTENANCE, DIETARY AND BEER GARDEN. BINGO. WASN'T THERE A DALLAS COWBOYS GAME ON LAST YEAR? YES. HAVE ALWAYS, ALWAYS PLAY EVERY SUNDAY TO PROFESS IT'S EASILY. THE THREE O'CLOCK GAME. WE SHOULD GET A COWBOY. ARE THERE ANY NEW PLAYERS THAT ARE FROM GERMANY? SIGNING FOOTBALLS. UNFORTUNATELY, OUR FAMILY FUND, WE'RE CONTINUING WITH THE KINDERS OUT. WE'VE CHANGED THAT A LITTLE BIT THIS YEAR, BUT WE'RE STILL DOING FREE CRAFT ACTIVITIES FOR ALL AGES. SO ANYONE CAN DO THOSE. WE HAVE SOME FUN CRAFTS THAT EVEN ADULTS CAN DO, LIKE PRETZEL NECKLACES AND DESIGN, A SIGN, UM, COMPLIMENTARY AIRBRUSH TATTOOS. AND ON SATURDAY AND SUNDAY, WE DO CONTESTS FOR THE KIDS AS WELL. UM, THIS IS, WE CALL THIS MINI MASS CREW. THEY HOLD UP A STEIN OF WATER AS LONG AS THEY CAN. THEY GET REALLY INTO IT. UM, SUNDAY HYUNDAI IS, UM, YOU KNOW, KIND OF BE IN ELEGANT GERMAN. WE FOCUSED ON SOME DOG ACTIVITY SUNDAY OF OCTOBER PHASE, STILL THE BELOVED DUCKS IN DASHES RETURNING AND OUR GERMAN DOG SHOWCASE. UM, THAT TAKES PLACE IN THE PARTY HALL WHERE WE SHOW GERMAN BREEDS AND SPECIAL TRAITS OF THEIR BRIEF. I SAW A PIECE ON THE NEWS, JUST THE LAST COUPLE OF DAYS, LOCAL NEWS ABOUT THE DOTS AND RACE A DASH. YEAH. I'M LIKE, WOW. LOOK AT THAT. I NOTICED YOUR SOCKS WERE DELUXE AND STUDENT LOOKS LIKE, AND WE ALSO HAVE SHOPPING OR MARKET PLOTS IS A SHOPPING AREA FEATURING ART JEWELRY, UM, AND GERMAN APPAREL AS WELL. AND THEN OUR FESTIVAL MERCK'S TENT, WHERE WE SELL OKTOBERFEST, BRANDED SHIRTS, STEINS, AND OTHER ITEMS. SO THIS YEAR IS ACTUALLY OUR 35TH ANNUAL CELEBRATION. UM, SOME OF THE STUFF THAT WE'VE DONE TO CELEBRATE THAT IS, UM, WE BOOKED ME IN MUSIC. SO WHEN MARINE, THE NASHVILLE POLKA GUYS IS A GRAMMY, GRAMMY AWARD, A GRAMMY NOMINEE FOR POLKA. UM, AND THEY HAVEN'T BEEN TO ASK AN OCTOBER FEST SINCE 2005, BUT THEY'RE RETURNING OPRAH DADDY'S. IS THERE ANY LOCAL DALLAS BAND OF YOUNG, YOUNGER GENERATION? AND THEN CHRIS VBLOCK IS ALSO KNOWN AS THE ACCORDING COWBOY. SO ADDING, LIKE I SAID, THAT TEXAS FLARE ON GERMAN FAIR FOR OUR BANK, UM, FOR FOOD AND BEVERAGE, WE'RE GOING TO BE INTRODUCED THE NEW HOY'S IS GOING TO BE A VERY LARGE, UM, RIGHT OUTSIDE OF THE PARTY HALL. THAT'S OFFERING TRADITIONAL OKTOBERFEST FOOD, INCLUDING SCHNITZEL. WE GOT A LOT OF COMPLAINTS LAST YEAR BECAUSE THE CRAZY GERMAN ACTUALLY DROPPED DOWN ON US TODAY. SO I'M SORRY THAT THAT'S ON HERE. UM, THOSE WE'VE ALSO [03:40:01] OFFERED FOOD FOR EVERYONE. NOT EVERYONE LOVES GERMAN FOOD. SO VELVET TACO WILL BE JOINING US TO ADD TACO TO SPUR. UM, THAT ONE OF OUR CHANGES ON OUR BEVERAGE IS THE GRAPEFRUIT RATTLER IS ONE OF PAUL WINNERS YEAR IT'S LIGHTER. IT'S A GRAPEFRUIT LOGGER MAKES, UM, IT'S REAL REFRESHING WHENEVER IT'S FALLEN OUT THERE. UM, SO WE'RE ACTUALLY OFFERING THAT AT ALL LOCATIONS LAST YEAR, IT WAS ONLY IN THE CLIENT HOME AND THEN THE POLYMER APPEALS NARROWER IS ONLY IN THE CLIENT HALL, BUT IF ON DRAFT THIS YEAR, SO THAT'S ME LAST YEAR, WE ONLY PROVIDE IT IN PACKAGES. AND THEN OF COURSE EVERYONE'S FAVORITE. THIS IS A PICTURE OF WHAT OUR 35TH ANNUAL SIGN WILL LOOK LIKE. SO OUR 20, 22 COMMEMORATIVE SIGN, BUT IT ALSO INCLUDES THAT SPECIAL EDITION OF THE 35TH ANNUAL BANNER IS RIGHT THERE ON OUR LOGO. THAT'S ALL I HAVE FOR YOU FOR OKTOBERFEST. AND WE'LL BE SENDING OUT TO YOUR GENERAL ADMISSION TICKETS BY THE INJURY SO THAT YOU KNOW, WHAT COMES TO ME OR JUST COME FROM ME AND WE'LL LOOK FORWARD TO WHAT TIME IS TAPPING ADVOCATES PM ON THURSDAY AND MARY ROSENWINKEL HEALTH EAGLE ABM, MAKE SURE THIS YEAR, MAKE SURE JASON CAME TO SEE ME TWO WEEKS AGO. HE SAID HE ORDERED ME A GERMAN OLIPHANT. SO I'M MAKING SURE WE'LL BE IN THE GERMAN OUTFIT. AND ALSO I TOLD HIM, MAKE SURE IT'S RIGHT ASIDE. AND IT WEARS RYDER FACET. YOU KNOW, YOU REMEMBER SECOND DAY ON FRIDAY, I TURNED IT TO OPEN POSITION. HE TURNED ALSO ME. SO I HIT IT TWICE AS WHY IT DOESN'T GO OUT. SO I TURNED IT BACK, OH, THE BEER FLOWS. SO IF I DIDN'T REACT, YOU KNOW, POVERTY IN THE HEAT OF NO MATTER HOW MANY TIMES I HIT IT NEVER GO OUT. SO HE SAID THAT HE WILL PRACTICE. MAKE SURE I HIT THE RIGHT PLACE. OH, GOOD QUESTION. SO WHAT ARE THE NUMBERS LOOK LIKE ON THIS? WHAT DO WE EXPECT FOR THE EVENT OVER THE 40 DAYS OR THE FOUR DAYS? OUR GOAL IS ABOUT 48,040 TO $50,000 GO. DOES IT COST? WHAT'S THE LOSS ON IT? WHAT'S THE INVESTMENT. WE MAKE MONEY ON THIS ONE. WE MAKE MONEY ON THIS ONE. AND ONE OF THE THINGS I WOULD LIKE TO SEE ON THESE IS WHAT'S THE GOALS AND WHAT'S THE, WHAT DOES SUCCESS LOOK LIKE? OKAY. IT MAKES, IT SEEMS LIKE THERE'S MORE INTENTIONALITY ON WHY WE'RE DOING THIS. CAUSE THERE'S A LOT OF TIME, A LOT OF EFFORT THAT GOES INTO A LOT OF THESE THINGS, A LOT OF MONEY AND YOU KNOW, BEING ABLE TO SEE WHAT THE MARK IS AND THEN SEE HOW CLOSE WE GET TO IT IS ALWAYS A GOOD THING. KPI LIKE THAT. I MEAN, NOT REAL DETAILED. THIS IS OKTOBERFEST. WE CAN FUND STUFF. HOW MUCH? I MEAN REALLY THE NUMBERS. YEAH. I JUST DO INTEND TO INVEST AND THEN ATTENDANCE, LIKE YOU SAID, AND THEN, YOU KNOW, OTHER THINGS AS WELL THIS YEAR. YES. WE USUALLY WEAR IT ON THURSDAY. IT LOOKS LIKE ALL OF YOU HAVE TO DRESS UP NOW. YOU HAVE SOME PLASTIC BEDS. YOU CAN JUST ANY MORE QUESTIONS. THANK YOU. Y'ALL SYDNEY. I CAN'T WAIT. ALL RIGHT. THANK YOU SO MUCH. [15. Present and Discuss the Finance Department Quarterly Financial Report of the Town of Addison for the Fiscal Year 2022 Third Quarter Ended June 30, 2022. ] ALL RIGHT. ITEM A 15 PRESENTS COST TO THE FINANCE DEPARTMENT, QUALITY FINANCIAL REPORT OF THE TOWN ADDISON FOR THE FISCAL YEAR 2022 THIRD QUARTER ENDED JUNE 30TH, 2022. SO I KNOW WE'RE DOING BETTER BECAUSE EVERYTHING IS GREEN. YES, ABSOLUTELY. EVERYTHING IS GREAT IN THIS HOUSE. SO YOU CAN DO IT THAT QUICK PRETTY WELL PRETTY WELL. UH, THANK YOU, MAYOR COUNCIL, STEVEN GLICKMAN, CHIEF FINANCIAL OFFICER. AND THIS IS OUR QUARTERLY FINANCIAL REPORT FOR THE THIRD QUARTER. SO THIS COVERS ALL OF THE FINANCIAL INFORMATION FROM OCTOBER 1ST, 2021 [03:45:01] THROUGH JUNE 30TH, 2018. SO BEGINNING WITH OUR KEY REVENUE SOURCES, UM, UH, AS THE MAYOR ALLUDED TO EVERYTHING IS EVERYTHING IS GREEN. UM, SO, UH, AD VALOREM PROPERTY TAXES, WE'VE ALREADY BROUGHT IN OVER A HUNDRED PERCENT OF OUR BUDGET NON-PROPERTY TAXES. THIS IS SALES TAX AND MIXED BEVERAGE TAX, UH, THROUGH 75% OF THE YEAR, WE'RE AT 87% ON THOSE REVENUE SOURCES, UH, HOTEL TAX. AND THIS IS THE FIRST TIME THIS, UH, PARTICULAR, UH, UH, REVENUE SOURCES HAVE BEEN GREEN SINCE COVID STARTED. SO WE ACTUALLY ARE IN 75.7%, UH, THROUGH 75% OF THE YEAR. SO, UH, SO IT'S BEEN ABOUT TWO AND A HALF YEARS, I GUESS, SINCE WE'VE SEEN THE GREEN, UH, NEXT SET OF CHILD TAX. SO, SO GOOD NEWS THERE NOW FRANCHISE FEES, ABOUT 78% COLLECTED, UH, SERVICE PERMITTING LICENSE FEES, UH, JUST UNDER 75%, UH, FINES AND PENALTIES, UH, 87% COLLECTED A SPECIAL EVENT REVENUE THAT'S, UH, JUST UNDER 51% THAT THOSE, UH, DEAL WITH THE TIMING OF THE EVENTS FUEL FLOW, WHICH FEES FOR THE AIRPORT THEY'VE ALREADY BROUGHT IN OVER 102.5% OF THEIR REVENUE AND THEN WATER AND SEWER CHARGES WERE RIGHT AT 75% OF THAT REVENUE SOURCE. IT'S BEEN A VERY HOT SPRING AND SUMMER. SO BEING AT 75% WITH THE ODDEST AND HIGHEST USAGE MONTHS, UH, TO GO, UM, IS, UH, IS A GOOD SIGN FOR THE UTILITY FUND. WE'RE ON THE EXPENDITURE SIDE. AGAIN, EVERYTHING IS, UH, IS TRENDING NICELY, UH, GENERAL FUND. SO FAR 69% OF THE EXPENSES HAVE OCCURRED SO FAR HOTEL FUNDS AT 51%, UH, ECONOMIC DEVELOPMENT FUND AT 53%. UH, AIRPORT OPERATIONS IS AT 63% AND THEN OUR UTILITY OPERATIONS IS JUST OVER 71%. SO EVERYTHING IS TRENDING IN LINE WITH THE 2022 BUDGET, UH, PERSONNEL INFORMATION. UH, SO, UH, IN THE THIRD QUARTER, UH, THERE WAS, UH, 17 TOTAL SEPARATIONS, THREE OF THOSE PART-TIME POSITIONS, UH, 14 OF THOSE FULL-TIME POSITIONS. AND THEN THERE WERE 21 NEW HIRES FOR THOSE PART-TIME POSITIONS, UH, 17 OF THOSE, UH, UH, FULL-TIME POSITIONS. UM, THE MAJORITY OF THOSE COME FROM A FIRE DEPARTMENT WITH FOUR AND THREE EACH FOR THE PARKS DEPARTMENT POLICE DEPARTMENT, UH, THEN DOWN AT THE BOTTOM PUBLIC SAFETY SWARM POSITIONS, UH, WE ARE, UH, FILLED, UH, ALL OF THOSE POSITIONS ARE CURRENTLY FILLED. UH, SO THAT'S A POSITIVE SIGN FOR THEM AND LOOKING AT OUR ECONOMIC INDICATORS, YOU CAN SEE THE DFW EMPLOYMENT OVER THE LAST 12 MONTHS, UH, VERY STRONG IN THE 3% RANGE, UH, HOTEL REVENUE PER AVAILABLE ROOM. SO THIS LAST QUARTER YOU CAN SEE THAT IT REALLY JUMPED UP THERE. AND THEN WE'RE IN THAT 65 TO $75 RANGE FOR THE HOTEL REVENUES BEING GENERATED PREMIUM ROOMS. AND THAT'S REALLY WHERE WE WERE PRE CODES. SO THAT'S A GOOD SIGN. THAT MEANS OUR REVENUE. I SHOULD RECOVER THEN TO THE RIGHT OF THAT OR ADDISON HOTEL STATISTICS. UH, THE GREEN BAR, THERE IS THE, UH, ROOM, RIGHT? SO YOU CAN SEE ROOM RATES HAVE CONTINUED TO, TO INCREASE. WE'RE SEEING ROOM RATES THAT ARE COMPARABLE TO WHAT THEY WERE BEFORE COVID NOW, WHICH IS A GOOD SIGN. UH, THAT'S HOW FILLED WITH THE RED LIE, THE OCCUPANCY TAKE THOSE TWO ITEMS TOGETHER THAT GENERATES THE REVENUE, WHICH IS THE BLUE BAR. AND YOU CAN SEE THAT THAT'S GONE UP PRETTY SIGNIFICANTLY AGAIN IN THE LAST THREE OR FOUR MONTHS, WE'VE EXCEEDED THAT $60 RANGE. SO THAT'S REALLY WHERE WE WANT TO BE TO GENERATE THE REVENUE THAT CAN KEEP THE HOTEL FUNDS SUSTAINABLE, AND THEN GOING TO OUR OCCUPANCY INDICATORS, UH, OFFICE OCCUPANCY IS AT 79.3%. THAT GRADE 0.2% DECREASE FROM THIS TIME A YEAR AGO, OUR RETAIL OCCUPANCIES AT 92.7%. THAT'S A 2.1% INCREASE FROM THIS TIME A YEAR AGO, UH, HOTEL INDICATORS, UH, OUR HOTEL OCCUPANCY WAS 66.4% FOR THE QUARTER. THAT'S AT 12.9%, UH, FROM A YEAR AGO. AND THEN OUR REVENUE PER AVAILABLE ROOM WAS $70 AND 59 CENTS. AND THAT IS 53.1%, UH, INCREASE OVER THIS TIME A YEAR AGO. SO THAT'S REALLY WHAT DRIVES THE INCREASE IN A HOTEL OFFICE TAX THAT YOU SAW, UH, LOOKING AT TOTAL PERMITS ISSUED AND VALUATION. UH, THE TOTAL PERMITS THAT WE'VE ISSUED AT 954, 3, 3 QUARTERS TRENDING, UH, IN A COMPARABLE FASHION TO THE LAST THREE YEARS, UH, THE TOTAL PERMIT VALUATION WE'VE ALREADY EXCEEDED THE PERMIT VALUATION FOR [03:50:01] ALL OF FISCAL YEAR 2021. SO TRENDING POSITIVELY THERE, AND THEN LOOKING AT QUARTERLY PERMIT ACTIVITY YEAR OVER YEAR, UH, SEEMS TO BE IN LINE WITH PREVIOUS YEAR OF FISCAL YEAR 2020 IS KIND OF AN ANOMALY BECAUSE OF COVID. SO THERE WASN'T A LOT OF NEW PERMITS BEING ISSUED IN THAT QUARTER, BUT, UH, WHEN YOU, WHEN YOU ADMIT THAT ONE WE'RE LOOKING, UH, BARELY FAIRLY IN LINE WITH WHAT WE'VE SEEN OTHER FISCAL YEARS, UH, ECONOMIC DEVELOPMENT INCENTIVE, YOU HAVE SEVEN CURRENT AGREEMENTS, UH, THE AMOUNTS THAT HAVE BEEN PAID IN FISCAL YEAR 2022, OR JUST OVER A YEAR AND $58,000 ON THOSE AGREEMENTS, UH, TOTAL PERMITTED, UH, INCENTIVES, OR, UH, $747,000 A THIRD QUARTER SALES TAX COMPARISON. AND THIS IS A COMPARISON, UH, OF ADDISON CARROLLTON, FARMERS, BRANCH, AND RICHARDSON, UH, FOR THIS QUARTER, UH, FOR ADDISON, WE ACTUALLY HAD A 13% DECREASE AND THERE'S A COUPLE OF REASONS BEHIND THAT, WHICH I'LL GET INTO IN A SUBSEQUENT SLIDE. UH, CARROLLTON HAD AN 8% INCREASE FARMER'S BRANCH HAD A 41% INCREASE AND RICHARDSON HAD EIGHT, 10%, UH, LOOKING AT MONTHLY SALES TAX COLLECTIONS. THE BLUE BAR IS THERE A FISCAL YEAR, 2020 COLLECTIONS, THE GREEN BARS IN FISCAL YEAR 23, 1 IS ELECTIONS. AND THEN, UH, FOR FISCAL YEAR 2022, THE BARS ARE PURPLE. UH, WHEN I, WHEN I MENTIONED IN THE PREVIOUS SLIDE THAT WE HAD A DECREASE, IF YOU LOOK, AND YOU SEE THAT REALLY HIGH GREEN BAR THERE FOR JUNE OF 2021, UH, WE HAD A REALLY LARGE AUDIT PAYMENT IN THAT MONTH. UM, SO WE RECEIVED ABOUT $550,000. UH, THAT WAS FROM A, UH, FROM, FROM BUSINESSES THAT WERE PAYING TO A DIFFERENT JURISDICTION WHERE THEY WERE PAYING IN THE INCORRECT PERIODS. SO, SO WHEN WE ACCOUNT FOR THAT, UM, UH, WE WOULD HAVE HAD SEEN ABOUT A 4% INCREASE WHEN WE JUST LOOK AT CURRENT COLLECTIONS, THE CURRENT COLLECTIONS, UH, LOOKING AT MAY, UH, FOR THIS YEAR, WE ACTUALLY HAD A REALLOCATION THE OTHER WAY, WHERE WE HAD A BUSINESS THAT WAS PAYING US, THEY SHOULD HAVE BEEN PAYING SOMEONE ELSE. UH, SO THAT WAS REALLOCATED IN MAY OF THIS YEAR. SO WHEN WE LOOK AGAIN AT OUR CURRENT COLLECTION VERSUS CURRENT COLLECTIONS, WE WOULD'VE SEEN ABOUT A 4% INCREASE FOR MAY, UM, AS OPPOSED TO MAKE DECREASE STEVEN THAT'S IN MANY BECAUSE OF THE CONFUSION OF THE ZIP CODE, DALLAS, TEXAS, 75, 2, 5, 4, INSTEAD OF IN TEXAS, IT IS, UM, YOU KNOW, WE HAVE BUSINESSES THAT MOVE BETWEEN DALLAS AND MADISON, OREGON MOVES, AND THEY DON'T GET SALES TAX PERMIT AND VICE VERSA. SO THAT'S GENERALLY WHAT IT IS. IT'S, THAT'S ANOTHER MOVE AND THEY DON'T, THEY DON'T TELL THE COMPTROLLER THAT THEIR RECEIPT THEY'VE RELOCATED BASICALLY. SO TAKING THOSE LARGE, THOSE TWO LARGE STUFF, EQUATION OF NUMBERS OUT, WHAT DID YOU SAY? IT'S A 4% FOR THE QUARTER 4% FOR THOSE TWO MONTHS? I THINK THE OVERALL FOR THE QUARTER WOULD HAVE BEEN, I THINK WE'RE IN THE 6%. OKAY. THAT WAS MY QUESTION. CAUSE THE THIRD TENDERS, THERE'S ALWAYS ADJUSTMENTS. WHEN WE GET THAT, WHEN WE GET THIS EVERY MONTH, UM, ERRORS, SOMETIMES THE ADJUSTMENTS ARE VERY LARGE, SO THAT'S WHAT SKEWS THE DATA A LITTLE BIT. AND WE ALWAYS GET SOME, SOME COMPANIES THAT DON'T PREPARE THEIR TAXES, SOME DON'T PAY IN THE RIGHT PERIOD. WE GET SOME AUDIT ADJUSTMENTS, EVERY PERIOD THEY'RE USUALLY FAIRLY SMALL AND THEY DON'T IMPACT THE DATA TERRIBLY. AND THAT WAS, THAT WAS FOR LAST YEAR, UH, THE, THE 21, THE GREEN BARS MARCH GREEN ONE FOR JUNE WAS, IT WAS IN 2021 IN MAY, OUR PURPLE BAR. THERE IS LOWER THAN, THAN WHAT IT PRESENTS THE PREVIOUS SLIDE. SO THAT 13% DECREASED, OKAY. THAT IS OVER THIS TIME, LAST YEAR, YEAR TO DATE LAST YEAR, YOU TODAY THIS YEAR, BECAUSE THAT MAKES SENSE. AND THEN THIS IS A SALES TAX COLLECTION. YOU CAN SEE THE RAW DOLLAR AMOUNTS FOR EACH MONTH. SO, SO AGAIN, FOR APRIL, WE WERE ABOUT 6% OVER WHAT WE BROUGHT IN LAST YEAR. UH, FOR MAY YOU CAN SEE A 12.8% DECREASE, BUT AGAIN, WE HAD ABOUT A $200,000 OR REALLOCATION IN THAT MONTH. UH, AND THEN JUNE, UH, AGAIN, THERE WAS ABOUT A $550,000, UM, POSITIVE VARIANCE FOR US, UH, DUE TO SOME REALLOCATION I IN JUNE OF 2021, WHICH MADE THAT NUMBER MUCH HIGHER. SO OVERALL WE'VE, UH, COLLECTED JUST UNDER $12 MILLION, WHICH IS ABOUT 87.1% OF OUR SALES TAX BUDGET. SO, SO OVERALL TRENDING, UH, FAVORABLE COMPARED TO THE BUDGET. UH, NEXT TO THAT, WE HAVE THE BREAKDOWN OF SALES TAX BY ECONOMIC CATEGORY. UH, THE LARGEST CATEGORY, UH, IS OTHER AND NOT PROVIDED IN EACH OF THOSE DON'T MAKE UP MORE THAN, UH, EACH OF THOSE INDIVIDUAL CATEGORIES DON'T MAKE UP MORE THAN 4% [03:55:01] OF THE TOTAL, BUT IN TOTAL, UH, ALL OF THOSE MAKE UP A 25% OF ALL OF OUR SALES TAX. UM, OUTSIDE OF THAT RETAIL MAKES UP 20%, UH, ACCOMMODATIONS AND FOOD SERVICES AT 19%. UH, WE HAVE WHOLESALE TRADE AT 11%. UH, THEN WE HAVE INFORMATION SERVICES THAT 8%, UH, WE HAVE, UM, UH, PROFESSIONAL TECHNICAL SERVICES AND MANUFACTURING AT 6% IN CONSTRUCTION AND 5%. DID WE GET ANY, UM, YOU KNOW, FAVORABLE READINGS FROM OUR AUDITOR BECAUSE WE HAVE A DIVERSIFIED BASE. I MEAN, YEAH. SO FROM OUR, FROM OUR BOND RATING AGENCIES, THEY USE SALES TAXES. IT'S MORE VOLATILE THAN PROPERTY TAX. SO I SHOW THEM THIS CHART WHEN THEY, WHEN THEY CAN GET INTO IT. WE ALSO HAVE SOME TENURE DATA WHICH SHOWS THAT IT'S ACTUALLY BOOSTING ACTUALLY PRETTY CONSISTENTLY. SO IT'S NOT AS VOLATILE IN THESE THINGS. SO I TRY TO SELL IT, UH, GOING INTO GENERAL FUND REVENUE, AGAIN, EVERYTHING, UH, LOOKING STRONG HERE, 93.1% OF TOTAL REVENUE THROUGH THE THIRD QUARTER HAS BEEN COLLECTED, UH, ONTO THE EXPENDITURE SIDE, UH, ONE YELLOW, YELLOW BAR HERE. AND THIS IS IN THE COUNCIL, UM, THE COUNCIL'S BUDGET AND THAT'S REALLY, UH, COVID. SO WHEN COVID HAPPENED, WE DID NOT BUDGET FOR THE HOLIDAY IN THE PARK. UM, SO THAT WAS, THERE WAS A DECISION MADE IN FISCAL YEAR, 2021 TO DO THAT EVENT. UH, IT WASN'T BUDGETED FOR THIS YEAR, SO WE'RE GOING TO BRING BACK THE BUDGET, UM, AND WE'VE MADE SURE THAT WE HAVE THAT EVENT, UH, BUDGET, UH, FUTURE FISCAL YEARS AS WELL. SO, UH, SO THAT, THAT ONE'S OVER, BUT WE'LL BRING A BUDGET AMENDMENT POOL FOR THAT, BUT OVERALL IN THE GENERAL FUND THAT WE'RE AT 69.1% OF THE BUDGET HAS BEEN SPENT. SO TRENDING, UH, ALMOST 6% FAVORABLE COMPARED TO A BUDGET. AND THEN LOOKING AT THE HOTEL FUND AGAIN, EVERYTHING, UH, IS, IS TRENDING GREEN HERE, UH, OVERALL REVENUE, 51.3%. UH, THE BIGGEST THING THAT WE'RE WAITING ON IS WE SHOULD BE GETTING OUR, UM, SECOND, UH, TROCHE FROM THE AMERICAN RESCUE PLAN ANY DAY NOW, UH, THAT AMOUNT, UH, REPRESENTS, UH, ABOUT $2 MILLION, WHICH IS, UM, ALL EARMARK HERE FOR THE HOTEL FUND. SO WHEN WE RECEIVED THAT THE, UH, REVENUE THERE WOULD JUMP ON PRETTY DRAMATICALLY, UH, ON THE EXPENSE SIDE, WE'RE ALSO AT 51.3% SPENT. UH, SO, SO, SO FAR, UH, FROM THREE QUARTERS, WE WERE TRENDING POSITIVE BY ABOUT $722,000, UH, ECONOMIC DEVELOPMENT FUND, 94.1% OF THE REVENUE IS COMING IN AND, UH, EXPENDITURES ARE ONLY 53% OF THE TOTAL BUDGET SO FAR IN THE AIRPORT FUND. UH, JUST UNDER 71% OF THE REVENUES BEEN COLLECTED. AND JUST UNDER 56.3 OF THE BUDGET PERCENT OF THE BUDGET HAS BEEN SPENT. SO THE AIRPORT FUND IS TRENDING POSITIVE ABOUT $1.2 MILLION, UH, UH, REVENUE OVER EXPENSES SO FAR, UH, THEN IN THE UTILITY FUND, WE'RE RIGHT AT 75% ON THE REVENUE. UH, AGAIN, WE'LL SEE, UH, THE HIGHEST AMOUNT OF REVENUE COMING IN OVER THE NEXT, UH, THREE MONTHS FOR THE FOURTH QUARTER, WITH THE MONTHS OF JULY, AUGUST, AND SEPTEMBER. UM, SO, SO THAT SHOULD MEET BUDGET, UH, PRETTY EASILY. UH, THEN ON THE EXPENSE SIDE, WE'RE AT 70.8% OF THE TOTAL BUDGET HAS BEEN SPENT SO FAR. SO TRENDING, UH, ABOUT 4.2% BELOW, UH, THE ADOPTED BUDGET. THEN IN THE STORMWATER FUND, 77.6% OF THE BUDGET BUDGETED REVENUE HAS COME IN AND ONLY 44.9% OF THE, UH, ALLEGEDLY, UH, EXPENSES HAVE BEEN SPENT SO FAR. SO THOSE ARE ALL REVENUE OVER EXPENSES BY ABOUT $885,000 SO FAR, UH, THEN LOOKING AT HOTEL OCCUPANCY TAX COLLECTION. SO IN TOTAL FOR THE QUARTER, UH, BROUGHT IN JUST OVER $1.3 MILLION, UH, WHICH IS, UH, REALLY A PRE COVID LEVEL THAT WE HAVE NOT SEEN IN, UH, REALLY SINCE PROBABLY 20, YOU KNOW, THE FIRST QUARTER, PROBABLY THE LAST QUARTER OF 2019, ACTUALLY. UM, SO YOU CAN FEVER AND THEY, THE FAR RIGHT, JUNE 21 QUARTER ENDED JUNE 22, AND IT IS BY FAR LARGER THAN ANY OF THE OTHER FORWARDS. IT GOES UP PRETTY DRAMATICALLY. AND AS LONG AS IS THAT ABLE TO BE SUSTAINED, THEN THAT I THINK THE HOTEL FIVE [04:00:01] WILL BE ON SOLID FOOTING. IT'S EXCITING TO SEE THAT JUST, YOU KNOW, IT WASN'T THAT LONG AGO THAT WE WERE SORT OF WALKING THROUGH HOW, UM, YOU KNOW, THE SAYING, NO, JUST GOTTA KEEP MOVING. AND, YOU KNOW, WE DIDN'T, WE DIDN'T HAVE ANY VISIBILITY FOR WHAT THE FUTURE HELD AND IT WAS VERY SCARY. AND SO TO SEE THIS, THE TIPPING POINT, IT'S JUST, IT'S, IT'S WONDERFUL, NERVOUS ABOUT IT BECAUSE IT'S ONLY BEEN A FEW MONTHS OF REALLY POSITIVE DATA. SO I'M CAUTIOUSLY OPTIMISTIC. THERE ARE TWO HOTELS, NOT SO BIG, LIKE A RENAISSANCE, NOT LIKE MARRIOTT, BUT LIKE HOME TWO SUITES IN A MARRIOTT COURTYARD FOR WRONG. THEY'VE BEEN DOING REAL GOOD. I THINK IT'S STILL RELATED TO THE MANAGEMENT. THEY HAVE A VERY GOOD MANAGEMENT. THEY ALSO HAVE HOPE HEALTH, HOW TO SUITES IS NEW. IT'S VERY, IT'S NICE, BUT I THINK THAT WOULD TAKE UP SOME ADVANTAGE OF THE PARKING ISSUES SINCE THEY HAVE FREE PARKING SPACE AND FOUND THE RESTAURANT IN FRONT OF THEM. AND YOU CAN WALK TO LIKE 10 RESTAURANTS, THEY TOOK A LOT OF ADVANTAGE FOR THOSE TWO HOTELS. YEAH. GREAT. AND THEN OUR INVESTMENT REPORT, SO ALSO INCLUDED IN YOUR PACKET IS A, IS OUR QUARTERLY INVESTMENT REPORT, UH, LOOKING AT, UH, WHAT OUR BOOK VALUE OF OUR INVESTMENTS ARE. UH, WE'VE SEEN A DECREASE OVER THIS QUARTER OF ABOUT $6 MILLION. THAT'S GENERALLY BECAUSE PROPERTY TAX COMES IN AND THE FIRST AND SECOND QUARTER, AND THEN REALLY THE THIRD AND FOURTH QUARTERS WE'RE SEEING AN INFLOW OF THE MARKET VALUE IS ABOUT A $7 MILLION DECREASE AGAIN, FOR THE SAME REASON OVERALL THOUGH, BECAUSE WE'RE IN A RISING INTEREST RATE ENVIRONMENT THAT WE SEE INTEREST REVENUE FOR THE QUARTER WAS ABOUT 261,000, WHICH IS ABOUT AN $86,000 INCREASE OVER THE PREVIOUS QUARTER OR ABOUT, UH, 49% OVER THAT QUARTER. AND THEN OUR WEIGHTED AVERAGE YIELD TO MATURITY. I WENT UP, WENT UP, UM, OVER 54% OVER THE QUARTER. SO ALTHOUGH WE DON'T MOVE AS QUICKLY AS THE FEDERAL RESERVE IS, THERE'S AN OVERNIGHT RATE. SO THEY MAKE A CHANGE IMMEDIATELY. UM, OUR PORTFOLIO TAKES SOME TIME TO REACT TO CHANGES, BUT, BUT WE ARE DOING SO HOT. UH, SO THE INVESTMENT REPORT WAS PREPARED IN ACCORDANCE WITH THE PUBLIC FUNDS INVESTMENT ACT AND TOWNS. AND THAT'S, I DON'T TAKE ANY ADDITIONAL QUESTIONS. YOU GOT ANY QUESTION? SO, YOU KNOW, I FEEL LIKE THIS IS VERY POSITIVE ECONOMIC SITUATION, YOU KNOW, ESPECIALLY AFTER THE PAST THREE YEARS WITH PANDEMIC LOOK ALIKE, EVERYTHING IS COMING BACK TO NORMAL, BUT STILL WE HAVE TO REACT FAST. IT SAYS A WAY, ALWAYS SAME THING ABOUT BACK TO NORMAL, BUT IT'S NOT REALLY NORMAL BECAUSE IT'S A NEW NORM. SO A LOT OF THE THINGS WE NEED TO MAKE OUR ADJUSTMENT TO WELCOME THE NEW ENVIRONMENT, YOU KNOW, SITUATION. SO IF WE CAN'T DO THE BEST, LIKE AMPUTATION BRAVE, GOOD SHIT, YOU KNOW, YOU HAVE A SMART TEAM, RIGHT? YEP. WELL, THANK YOU SO MUCH. ALL RIGHT. I KNOW, UH, UH, J WAITED FOR A LONG TIME, [16. Present, Discuss, and Consider Action on a Resolution Approving the Installation of Public Art by Artist Joshua Tobey Known as The Three Tenors in Beckert Park.] PRESENT, DISCUSS AND CONSIDER ACTION ON A RESOLUTION APPROVING THE INSULATION OF PARTY PUBLIC ART BY ARTIST JOSHUA, TOBY KNOWN AS THE THREE TENORS IN BAKKER PARK. ALSO [17. Present, Discuss, and Consider Action on a Resolution Approving the Installation of Public Art by Artist Joshua Tobey Known as Meditation in Addison Circle Park.] ITEM 17 PRESENT, DISCUSS IN CONSIDER ASHEN ON A RESOLUTION, APPROVING THE INSTALLATION, POVERTY ART BY ARTISTS, JOSHUA TOBY, NO, AS A MEDITATION IN ED AS A SIMPLE PART. JAY, THANK YOU. THANK YOU, MAYOR AND COUNCIL. AND I THINK EVERYBODY CAN HEAR ME. OKAY. I'M NOT GONNA USE THE MICROPHONE, BUT THANK YOU. I'M THERE. UM, THAT'S PROBABLY THE BEST PART OF MY JOB, BUT THE ADDISON ARBOR FOUNDATION IS, YOU KNOW, BRING FORWARD THE SCULPTURES, UH, TO THE TOWN OF ADDISON. AND THIS IS ONE OF OUR UPCOMING ONCE WE HOPE, UH, THIS IS ENTITLED THE THREE TENORS, IT IS, AS THE MAYOR SAID BY JOSHUA TOBY, IT'S A LOVELAND, COLORADO ARTISTS. UH, IT IS BRONZE. THEY ARE LIKE THIGHS. [04:05:01] SO IT'S ABOUT WHAT SIZE QUOTA IS. UH, THEY'RE ABOUT THREE FEET HIGH BY ABOUT 11, 12 INCHES AT THE FACE. AND THE ARTIST IS NAMED THEM AFTER THE THREE TENORS PLASTICO JOSE AND LUCIANO, WHICH WE THINK IS KIND OF FUN. AND THEY'RE FUN. THEY'RE JUST HAPPY. THEY'RE TALL CREATURES. IT'S GOING TO GO OVER IN THE BECKER PARK AREA. AND, UH, THIS IS WHERE OUR PROPOSED LOCATION IS ALSO AN AREA THAT DOESN'T GROW A LOT OF STUFF IN THAT PARTICULAR CORNER. SO WE THINK THIS IS GOING TO BE IDEAL PIECE THERE THAT'S A LOT OF WALK BY TRAFFIC. UM, AND IT'S JUST GOOD TO WALK AROUND THE PIECE AND GREAT PHOTO OPPORTUNITY FOR PEOPLE TO COME UP AND POSE WITH THE, UH, THE THREE POINT DAYS WE THINK THIS IS JUST A FUN PIECE. UM, JOSH WOULD PROBABLY BE DOING THIS FOR A LOT OF HERE. HIS PARENTS WERE SCULPTORS IN NEW MEXICO, EVEN OUT HERE. SO I MOVED UP TO LOVELAND, COLORADO, AND HE WORKS UP HERE AT THIS TIME AND THAT'S WONDERFUL ANIMALS. SO WE THOUGHT THIS WOULD BE A NICE AND JUST CONTINUE WITH FORMALITY MAYOR AND COUNCIL, MAYBE JUST THE AI RIG AND I'M PRESSING THE ALISON ARBOR FOUNDATION. UH, THIS IS THE SECOND PIECE WE'D LIKE TO BRING FORTH FOR CONSIDERATION. THIS IS MEDITATION, WONDERFUL BEAR. HE STANDS ABOUT FIVE AND A HALF FEET HIGH, UM, PROBABLY ABOUT FOUR FEET AT THE BASE. UM, WE HAVE ANOTHER PICTURE WHEN WE DON'T HAVE TONIGHT, BUT ON THE HARDEST WEB WEBPAGE, THERE'S A PICTURE OF THE ARTIST SITTING IN THE SAME POSE AND IT'S QUITE SMALL ON THE ARTIST. SO IT'S, IT, IT IS A GOOD SIZED PIECE. WE ARE PROPOSING, UM, MEDITATION TO BE PLACED OVER NEAR THE PAVILION, WHICH IS IN FRONT OF THE BLUEPRINTS ADDISON, UM, SEE THE PROPOSED LOCATION THERE. AND WE THINK THAT WITH HIM SITTING THERE WONDERFUL, WONDERFUL OPPORTUNITY TO HAVE SOMETHING THAT'S WELCOMING TO THAT PART OF ADDISON. THEY ALSO DO A LOT OF GILDA OPERATING IN THAT AREA. I THINK IT'S PERFECT TIE AND WE CAN SEE IT AT EVENTS WHERE HE MIGHT BE WEARING A HAT OR LIKE MEETING PEOPLE, UH, THROUGH THE VARIOUS, UH, EVENTS HE HAD ALSO IS A GREAT OPPORTUNITY FOR PEOPLE TO COME OUT AND WE THINK THAT'S KIND OF FUN. OKAY. AND LET'S SEE IF I'VE BEEN THINKING OF THIS. UH, BASICALLY THEY'RE, THEY'RE BRONZES. UM, THEY'RE GOING TO BE A REALLY NICE HAVING A LITTLE MORE REALISTIC PIECES FOR COLLECTION, BUT IT'S BASICALLY ALL I HAVE QUESTIONS, NO QUESTION. I JUST HAVE GOOD COMMENT. YOU KNOW, YOU LET THE UPPER FOUNDATION AND YOU ALL HAVE DONE A GREAT JOB AND I DRIVE A RUN. I FEEL VERY, VERY PROUD OF YOU AND OUR CITY AS WELL, BECAUSE I CAN SEE ALL KINDS OF DIFFERENT KINDS OF ART, PUBLIC ART, WITH DIFFERENT MATERIALS, WITH DIFFERENT MEANING. AND THEN I THINK, YOU KNOW, I CAN SAY MORE AND I BELIEVE COUNCIL SHARE MY THOUGHT AS WELL. YOU KNOW, GREAT JOB, KEEP IT UP. WE'LL CONTINUE AND SUPPORT UPPER FOUNDATION. YEAH. IS THERE ANY CHANCE THAT, UM, THE ARTISTS, WHATEVER, BE ABLE TO COME SPEAK, WE'VE HAD SOME OF THESE MEMORABLE EXPERIENCES HE'S ACTUALLY GOING TO COME DOWN. AND SO WE FIRST VENTILATION, UM, AND HIS SCHEDULE, BUT IT'S LOOKING LIKE PROBABLY LATE FALL AND THAT'LL BE THE THREE PERCENTERS , UH, THE BEAR HAS KNOCKED THE PAST, YOU KNOW, SO NO LATER THAN PROBABLY SPRING OF 20, 23, WHAT WAS THE NAME OF THE ART? WHAT'S THE NAME OF THE ARTIST OF THE FLYING, THE BUTTERFLIES DAVID, UH, THEIR TECH MEN. YES. THE VITRIOL IS SPECTACULAR TO HAVE, HAVE I'M LOOKING AT THE SPRING OF 2023 RIGHT NOW. I THINK THE YARD IS KIND OF A TIGHT SCHEDULE, BUT HE IS WILLING TO COME DOWN. RONALD WE'RE EXCITED. ALL RIGHT. [04:10:02] CONSIDERATION NUMBER THREE, CHAPTERS. OKAY. AND A SECOND FILING RUSS NECK ITEMS OR YOUR FAVOR. I'M PRETTY SAY I FIND HIM 17. I MAKE A MOTION TO APPROVE ITEM 17 SECOND. SO I'M MOTION WELLER. SECOND FROM LORI WARD. I'M PLEASED TO SAY I THANK YOU, JANE. REALLY [18. Present, Discuss, and Consider Action on a Resolution Supporting the Town of Addison's Application to the North Central Texas Council of Governments' 2022 Regional Transportation Alternatives Call for Projects.] SUPPORTING THE TONGUE OF MADISON'S APPLICATION TO MOST CENTRAL TAXES CLOSE A GOVERNMENT 2022 REGIONAL TRANSPORTATION PROJECTS AND COUNCIL JANITOR. WELL DIRECTOR, THAT'S FINE. I'M HERE THIS EVENING TO GIVE YOU AN UPDATE ON THE COTTON BELT TRILL PROJECT, AND ALSO PROVIDE SOME INFORMATION ON AN APPLICATION TO THE NORTH CENTRAL TEXAS COUNCIL COUNCIL OF GOVERNMENTS FOR THE 2022 REGIONAL TRANSPORTATION ALTERNATIVES CALL FOR PROJECTS, WHICH WOULD POTENTIALLY PROVIDE FUNDING OR YOUR CONTINENTAL TRUMP TO PROVIDE SOME PART OF THEIR REGIONAL 1,803 MILE NETWORK ON THE STREET SHARED USE PATHS THAT CONNECT 10 CITIES OR COUNTIES HUNDRED AND FIVE CITIES IN MORE CENTRAL TEXAS PURPOSE OF THIS DISCUSSION. WE'RE HAVING THIS EVENING SPECIFICALLY TALKING ABOUT THE SECTION OF COTTON BELT TRAIL THAT IS CURRENTLY BEING PLANTED SIDE, WHICH WE CONNECT PLANO SEPTEMBER OF 2020 FUNDING OR FUNDING FOR SECTIONS OF THE CLINICAL TRIAL BETWEEN PLAINTIFF AND THE AIRPORT HAS BEEN APPROVED. AND THIS PROVIDES, UM, KIND OF A BREAKDOWN OF ALL THE ADDITIONAL FUNDS THAT HAVE BEEN APPROVED FOR THE COTTON BELT. NOW, THIS FUNDING IS ALLISON. THIS IS FOR THE SECTION SECTION, NEARLY $55 MILLION FOR ENGINEERING AND CONSTRUCTION BUSINESS FOR THE INSTALLATION OF DROUGHT. IT GIVES YOU AN OVERVIEW. THE TRUNK FUNDING DESIGN GIVEN SPECIFICALLY LOOKS AT , WHICH IS THE CROSSING OVER THE NORTH DALLAS TOLLWAY IS A HUNDRED PERCENT DESIGN PHASE TWO, WHICH IS THE MEMORY BRIDGE CRIME SCENE. AND THE PEDESTRIAN TRIAL WILL BE AT 60% DESIGN IN SEPTEMBER OF 2022, AND THEN A HUNDRED PERCENT DESIGN IN NOVEMBER AS ANTICIPATED THAT YOU WILL BE ISSUED FOR CONSTRUCTION OF MAY OF 2023 PHASE THREE, WHICH WOULD BE THE CONDUCTING TRIAL SEGMENT. SOUTHERN REMAINDER PIECES IS ANTICIPATED THAT WE'LL BE AT 60% DESIGN TO WORK THIS YEAR, AND THEN A HUNDRED PERCENT IN FEBRUARY OF 2023, WHEN THAT GROWS SEGMENTS BEING ISSUED FOR CONSTRUCTION AT THE SAME TIME THAT THE WEIGHBRIDGE CRAZY GESTURING PRICING IS ALSO ISSUED FOR CONSTRUCTION. THERE HAS BEEN $14.9 MILLION IN FUNDING CONTRIBUTED TO THE DESIGN PORTION HAS BEEN LED BY THE NORTH CENTRAL TEXAS COUNCIL OF GOVERNMENTS THAT IS NOT GOING TO STAFF ONE PROJECT. AND THE REASON IT'S BEEN LEARNED THAT DAY IS BECAUSE THE COUNCIL OF GOVERNMENTS IS COORDINATING AMONGST ALL THE DIFFERENT STUDIES AND ALL THE VARIOUS AGENCIES. SO CONTENT AND FUNDING FOR THE PROJECTS THROUGH THE CORRIDOR IS PRETTY COMPLICATED YOU TO SECTIONS. WHY DIDN'T WE BRAND HAS BEEN PROVIDED THE TRANSPORTATION CREDITS LIKE SPECIFIC ACTIONS TO TRAIN TRUCKS WHEN WE'RE CENTRAL TEXAS COUNCIL OF INDICATOR TO TOWN, SNOW TROLL SECTIONS WORTH WINDED FOR CONSTRUCTION. [04:15:01] SO IF YOU LOOK THROUGH THE PILOT, YOU'RE IN THE LEGENDS, NOT CRITICAL, IT'S TRANSACTIONAL. SEE, I THINK YOU HAVE A BLOW IN CRITICAL OF REMITLY TO GREAT DOWN. THERE IS A SMALL SECTION IN . HE'S NOT CONNECTED. $70 MILLION PER WEEK. NEW SEGMENT, 10 YEARS TO THE TOTAL RATE IS 372ND MORE CENTRAL TEXAS WAS BASED ON INFORMATION. SOME SIGNIFICANT CHANGES SINCE THAT TIME AT THE TIME WAS IDENTIFIED, UM, TO, UM, GROUPS THAT WAS AVAILABLE FOR CBG. NOT FULLY FUNDED IN CURRENT ESTIMATES, $11 MILLION IN EARLY FUNDING COST ESTIMATES BETWEEN 2018 AND 2022 PLANS WAS ORIGINALLY ESTIMATED LINEAR FEET, LONG 700 POUNDS LINEAR LINEAR AGE. THERE WAS AWESOME, OF COURSE, MORE SIGNIFICANT . IN ADDITION TO THIS INFLATION CONSTRUCTION, 3% TO US, 3% INFLATION RATES FOR STEALING AS THE SIGNIFICANT TIME THAT THE PROJECT WAS BEING FROWNED, THE COUNCIL WOULD BE CONSTRICTING AND IT WOULD BE THE SAME CLAIM. AND SO WE CONTINUED WITH THAT TO INSTRUCT THE PEDESTRIAN CROSSING WHEN YOU WORK IN GRANBURY LIMITS TO BE APPROVED WITH DOCTORS THAT HAVE BEEN MOVING INTO THE DESIGN, NOT ONLY FOR ALL OF THE OTHER CITIES, UM, AND WHEN THEY ARE PROPOSING A REGIONAL TRANSPORTATION ALTERNATIVES PROGRAM PROJECTS, UM, WHICH WAS [04:20:02] INDICATED THAT PRIORITY, MAYBE GIVEN ITS OBLIGATIONS AND STAFF IS PREMIERING AS A MIDDLE, UM, INSTRUCTION. ESSENTIALLY THE BRIDGE SECTION IS THE ONLY SECTION CURRENTLY IS WORKING ON LIGHTS IS THEIR CLASSES. UM, THIS IS NEED FROM THIS PROJECT LIBRARY, BUT THERE WOULD BE NO REGIONAL CONNECTIONS, WHICH IS SIGNIFICANT BECAUSE OF TECHNICAL MERIT FOR SCIENCE INSTRUCTION IN A WAY THAT WOULD BE RESPONSIBLE FOR THE, THIS CONTRACT, THE CASE BRANCH AND RESPONSIBLE FOR MANAGING THE CONSTRUCTION PROJECT. UM, I KNOW THE CONDITIONS FOR THE BUDGET. THAT'S A LITTLE UNFAIR. I MEAN, I CAN WORKING ON THIS SHAMAN'S HOUSE. WE DON'T THINK IT'S GOING TO COME IN. AND 11 MILLION PROJECT WAS A GREAT IDEA. WELL, THIS PROJECT WAS TRYING TO PLAY CHIT-CHAT WANES. WE KNEW THIS WAS WORKING WITH IN THE THINGS TOO. AND SO WHEN IT CAME A LITTLE BIT IN A DUI WITHOUT SCIENCE, DON'T WORRY, DON'T WORRY. WHEN THESE THINGS HAVE [04:25:01] BEEN VERY DIFFICULT TO TRUST WHAT THEY SAY, TRYING TO, IT JUST KINDA MAKES YOU GIVING YOU THE SAME THING TO ANYBODY ELSE, THE CLEANLINESS NUMBER IN BETWEEN WHAT IS GOING TO COST FOR THE SCREEN. UM, JUST TAPPING INTO THIS DARK PLACE. I DO REALLY WELL AND CT WELFARE RESPONSIBILITY, AND TOM'S GOING TO BE WRITING THE CONSTRUCTION. THANK YOU, TRICIA. IT'S A GOOD THING. TO DARK OR SHIPPING A LITTLE BIT. [04:30:46] I TRIED TO GET US TO PAY AN ADDITIONAL FIVE TO 10 DAYS BEFORE RECEIVING FOR THE POLICY NUMBER. WE'RE THIS HERE. I'VE ALSO BEEN ON. SO IT'S SECURE. BASICALLY AND THE RESOLUTION. UM, [04:35:35] WELL, [19. Present, Discuss, and Consider Action on a Resolution Approving an Interlocal Agreement with the City of Grapevine, Texas for the Provision of Detention Center Services for Addison Inmates and Authorizing the City Manager to Execute the Agreement.] HONESTLY LITTLE HIGHER THAN WHEN THEY FALL OUT, BUT I THINK IT'S ALWAYS ENCOURAGED CITY AND THE CITY BUILD UP A GOOD STRONG TIES, YOU KNOW, CREATE A BETTER RELATIONSHIP, YOU KNOW, IS ALWAYS BETTER. SO I [04:40:01] WILL MAY FOR APPROVAL. SO I HAVE A MOTION FILING RESONATE, CATHERINE WHEELER, ALL IN FAVOR TO APPROVE THIS, PLEASE SAY, AYE. AYE. OPPOSED. THANK YOU, CHIEF FOR WORKING ON * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.