* 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.
          [00:00:02]
          READY, PLEASE STAND UP FOR THE PLEDGE. 
          I PLEDGE TO THE FLAG OF THE UNITED STATES OF AND TO NATION INDIVIDUAL. 
          JUST SO I TRIED TO FINISH BEFORE 10. 
          OKAY, IT'S LATEST FOURTH 
          [1.  Present and Discuss the Final Conceptual Design for the Beltway Drive Trail and Greenspace and Review Recommended Trail and Wayfinding Signage.]
SESSION ITEM NUMBER ONE, THEN DISCUSS THE FINAL CONCEPTUAL DESIGN FOR THE DRIVE TRAIL AND IN SPACE AND REVIEW RECOMMENDED TRAIL AND WAY FUNDING SIGNAGE. 
          GOOD AFTERNOON, MAYOR AND COUNSEL, UM, JOE PACK, ASSISTANT DIRECTOR WITH PARKS. 
          AND THE TOPIC TODAY IS BELTWAY DRIVE TRAIL PROJECT AND RECOMMENDED TRAIL AND WAYFINDING SIGNAGE STANDARDS. 
          SO THERE IS SOME PREREQUISITE INFORMATION THAT I DID NOT INCLUDE HERE BECAUSE IT'S PREDATED, BUT UH, YOU SHOULD HAVE THAT IN YOUR COUNCIL MEMO FOR YOUR REFERENCE. 
          I HAVE ALSO FOR YOUR REFERENCE LEFT THAT EACH ONE OF YOUR SEATS, UH, THIS CONCEPTUAL PLAN THAT YOU CAN LOOK AT. 
          SO ON AUGUST 23RD, UH, STAFF PRESENTATION TO COUNCIL INCLUDED RESULTS A PUBLIC INPUT AND RECOMMENDATIONS MOVING FORWARD WITH THE CONCEPTUAL DESIGN COUNCIL THEN PROVIDED SOME INPUT THAT WAS CONSIDERED IN THE FINAL DEVELOPMENT OF THE CONCEPT PLAN IN NOVEMBER OF 2022. 
          TOWN INTERNAL REVIEW OF THE DRAFT CONCEPT PLAN WAS MADE WITH COMMENTS ADDED BY DEVELOPMENT REVIEW COMMITTEE FROM MULTIPLE DEPARTMENTS. 
          IN ADDITION TO THAT, IN DECEMBER OF 20, UH, I'M SORRY, DECEMBER 21ST, 2022, WITH CONSIDERATION OF INPUT FROM OUR CITY COUNCIL, FROM OUR DEVELOPMENT REVIEW STAFF AND THE PUBLIC, THE FINAL CONCEPT PLAN WAS ACCEPTED BY STAFF. 
          AND SO WITH ALL OF THIS INPUT, WE THINK THAT WE GOT THE BEST PRODUCT WE POSSIBLY COULD ALONG WITH THE PROFESSIONALS AND GUIDANCE FROM SOME PROFESSIONAL HANDBOOKS. 
          AND SO JUST AS A REVIEW, THE BELTWAY TRAIL LIMITS ON THE EAST SIDE ARE AT, UH, I'M SORRY, BELTLINE AND ON THE WEST SIDE OF MARSH LANE. 
          SO I WANTED TO MAKE YOU AWARE OF SOME MARKING AND PEDESTRIAN CROSSWALK CONVENTIONS THAT YOU'RE GONNA SEE AS I REVIEWED THE TRAIL. 
          WE HAVE BIKE LANE MARKING, EXCUSE ME, WHICH ARE VERY TYPICAL ON A TWO-WAY CYCLE TRACK OR A BIKE TRAIL. 
          IT IS SIMPLY A BICYCLE SYMBOL WITH AN ARROW THAT INDICATES THE DIRECTION OF TRAVEL TOWARD THE BICYCLIST. 
          AND THEN IN THE CENTER WE HAVE RECTANGULAR RAPID FLASHING BEACONS, WHICH ARE KNOWN AS R R FBS. 
          I'M SURE THAT MOST EVERYBODY IS FAMILIAR WITH THESE. 
          THESE ARE A VERY POPULAR, UH, CONVENTION, WHICH IS GOING TO MAKE THIS PROJECT MUCH SAFER THAN IT OTHERWISE COULD BE. 
          THESE ARE DOUBLE-SIDED. 
          THEY ARE ON BOTH SIDES OF THE ROADWAY, SO THEY CAN BE SEEN IN EACH DIRECTION OF TRAVEL. 
          THEY HAVE THE LIGHTS ON THEM THAT FLASH RAPIDLY WHEN THEY ARE ACTIVATED FROM SIDE TO SIDE. 
          UH, THE SIGNS ARE M U T C D COMPLIANT. 
          THEY ARE PUSH BUTTON ACTIVATED BY THE CYCLIST OR THE PEDESTRIAN AND THEY ARE SOLAR FOR CONVENIENCE SO THAT WE DON'T HAVE TO HAVE ELECTRICAL WITH THEM. 
          AND THEN ON THE RIGHT HAND SIDE, THIS IS VERY IMPORTANT. 
          THIS IS A CONVENTION THAT MAKES, UH, A SAFER CROSSING FOR BICYCLES WHO ARE GOING TO BE MAKING A TURN AND CROSSING AT A LARGE INTERSECTION. 
          SO IN THIS PARTICULAR CASE, SORRY ABOUT THAT. 
          IN THIS PARTICULAR CASE, THE BICYCLE IS GOING TO BE COMING A CROSS AN INTERSECTION AT THE SIGNAL THEY'RE GONNA CROSS INTO HERE TOWARDS THE BIKE SYMBOL AND THAT THEY'RE GOING TO POSITION THEMSELVES TO MAKE THIS LEFT HAND TURN ACROSS THIS INTERSECTION. 
          AND WHEN THE LIGHT TURNS GREEN FOR PEDESTRIANS, THEN THEY WILL PROCEED ON ACROSS THE ROADWAY. 
          AND WHERE'S THAT OCCURRING? WE HAVE TWO LOCATIONS, WHICH I'LL SHOW YOU IN JUST A MOMENT. 
          THANK YOU. 
          ACTUALLY THREE LOCATIONS WHEN THAT WILL HAPPEN. 
          AND SO, UH, PROFESSIONAL SERVICES AGREEMENT COUNSEL REQUESTED THAT M I G ANALYZE IF A BUFFERED TWO-WAY CYCLE TRACK ON THE NORTH SIDE OF BELTWAY WOULD BE MORE FUNCTIONAL THAN ON THE SOUTH SIDE. 
          AND THEY 
          [00:05:01]
DID DO THEIR DUE DILIGENCE. 
          AND INDEED IT IS MUCH MORE FUNCTIONAL AND IT IS ALSO GONNA BE MUCH LESS EXPENSIVE CUZ THERE'S NOT GONNA BE ANY WORK DONE ON THE SOUTH SIDE OF THE ROADWAY. 
          IN THIS PARTICULAR SECTION, WE HAVE THE PARK ON THE LEFT HAND SIDE. 
          THIS WOULD BE LAY LOCK'S PARK. 
          WE HAVE ADDISON ATHLETIC CLUB ON THE RIGHT HAND SIDE. 
          AND THEN WE HAVE THE TWO-WAY CYCLE TRACK, WHICH IS 10 FEET WIDE. 
          ON THE NORTH SIDE OF THE ROADWAY, WE HAVE A BUFFER, WHICH HAS WHAT WE CALL ARMILLO DELINEATORS. 
          AND I JUST HAPPENED TO BRING ONE OF THESE LITTLE THINGS HERE. 
          UH, THEY ARE GOING TO BE A PART OF THE BUFFER AND THEY'RE GONNA BE PLACED FOUR FEET ON CENTER AT AN ANGLE TO HELP BUFFER. 
          SO I CAN GUARANTEE YOU, YOU RUN OVER THESE ONCE AND YOU PROBABLY WON'T WANT TO DO THAT AGAIN. 
          AND SO I WANNA DEMONSTRATE FOR YOU, UH, HOW WE HAVE SAFETY IN MIND KIND OF TRANSFERRING FROM FARMER'S BRANCH ONTO THE PATH, UH, ACROSS MARSH LANE. 
          ON THE WEST SIDE OF THE PROJECT, AS YOU CAN SEE IN THE UPPER LEFT HAND CORNER, WE HAVE CITY LIMIT LIONS FOR FARMER'S BRANCH IN THE TOWN OF ADDISON, WHICH IS REALLY RIGHT IN THE MIDDLE OF THE ROADWAY. 
          SO WE ARE CURRENTLY COORDINATING WITH TRANSPORTATION OFFICIALS FROM FARMER'S BRANCH. 
          AND SO ANYTHING THAT HAPPENS ON THE FARMER'S BRANCH SIDE OF THE CITY LIMIT LINE IS GOING TO BE IMPLEMENTED BY THE CITY OF FARMER'S BRANCH IN, IN CONJUNCTION WITH THE WORK THAT WE ARE DOING. 
          SO IN AN ANIMATION, UH, RED ANIMATION IS FOR EASTBOUND TRAVEL. 
          AND THEN I HAVE A CONVENTION FOR YELLOW, WHICH IS WESTBOUND TRAVEL. 
          SO I'M GONNA SHOW YOU HOW THIS IS GOING TO WORK AS WE PROCEED ACROSS MARSH LANE. 
          SO GOING IN THE EASTBOUND DIRECTION, WE WILL HAVE A BICYCLE THAT WILL CROSS AT A SIGNAL INTERSECTION AND THEN THEY WILL SEEK REFUGE IN THIS TWO TURN BOX. 
          AND THEN ONCE THE SIGNAL IS SAFE FOR THEM TO CROSS, THEY WILL CROSS OVER ON THE NORTH SIDE, ENTER A 12 FOOT WIDE SHARED USE PAD. 
          AND THEN THAT WILL WORK IN REVERSE WHEN SOMEBODY IS TRANSFERRING OFF OF THE SHARED USE PATH HEADED WESTBOUND INTO FARMER'S BRANCH. 
          AND YOU CAN SEE ON THE TRAIL ITSELF WHERE THE SHARED USE PATH ACTUALLY DROPS DOWN ONTO THE ROADWAY, UH, SAFELY IS THAT THE EASTBOUND TRAVEL WILL BE IN THE TRAVEL LANE HEADED EAST, JUST LIKE ON A ROADWAY. 
          AND THEN THE WESTBOUND TRAVEL WILL BE HEADED, UH, TO THE WEST JUST LIKE ON A ROADWAY IN THE OPPOSITE DIRECTION. 
          AND THIS IS JUST A CONTINUATION OF THE TRAIL. 
          YOU CAN SEE IT'S JUST SIMPLY A TWO-LANE STRIPE CYCLE TRACK WITH A BUFFER ON THE OUTSIDE. 
          I WANTED TO, UH, DRAW YOUR ATTENTION TO THIS PARTICULAR CONVENTION. 
          THIS IS AT LAY LOCKS AVENUE. 
          AND SO BEING THAT THIS IS A STREET OCCUPIED BY VEHICLES, THE GREEN THAT YOU SEE THERE IS AN EMBELLISHMENT OR AN ENHANCEMENT WHICH PAYS ATTENTION TO THE FACT THAT VEHICLES WILL BE CROSSING THE BIKE TRAIL AT THIS LOCATION. 
          SO IT IS, UH, A WARNING TO BOTH BICYCLISTS AND VEHICLES AS WELL THAT SOMETHING DIFFERENT IS HAPPENING HERE AND WE DON'T HAVE THAT SEPARATED BUFFER IN THIS PARTICULAR LOCATION. 
          IS THAT ON THE STREET OR IS THAT ON THE PARKLAND? IT WILL ACTUALLY BE ON THE STREET. 
          YOU'RE TALKING ABOUT THIS RIGHT HERE? NO, I'M TALKING ABOUT THE TRAIL ITSELF. 
          THE, THE TRAIL ITSELF RIGHT HERE IS TWO-WAY CYCLE TRACK ON THE ROADWAY. 
          THIS IS ON BELT ON BELTWAY. 
          SO BELTWAY BECOMES ONE LANE. 
          YES. 
          AND I WILL SHOW YOU THAT IN ONE MORE, ONE MORE SLIDE. 
          SORRY. 
          NO, THAT'S FINE. 
          THAT'S FINE. 
          SO AT THE ADDISON ATHLETIC CLUB YOU CAN SEE THAT WE HAVE TWO SETS OF OUR, OUR FBS AT THIS LOCATION. 
          WE HAVE ONE AT, UH, ON ONE SIDE, AND THE OTHER SIDE OF THE EXISTING PEDESTRIAN CROSSWAY THAT IS ALREADY THERE RIGHT NOW. 
          AND YOU CAN SEE TWO DASHES. 
          THAT IS BICYCLE TRAFFIC N TWO AND OUT OF ADDISON ATHLETIC CLUB. 
          WE HAVE ANOTHER SET OF R R FBS THERE, UH, ON BOTH SIDES OF THE ROADWAY, BUT WE ALSO HAVE OUR R FBS IN THE CENTER MEDIAN AS WELL. 
          SO THIS IS GONNA BE A VERY WELL SIGNALIZED AND ILLUMINATED INTERSECTION FOR SAINT CROSSING. 
          AND SO AS, FOR EXAMPLE, AS A CYCLE TRACK USER ON BELTWAY IS HEADED WESTBOUND, THEY WILL SEEK REFUGE IN THIS, UH, TWO-WAY, UH, TURNING BOX. 
          AND THEN WHEN THE, THEY ARE PROTECTED BY THE R FBS, THEN THEY WILL PROCEED INTO THE ATHLETIC CLUB 
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ON THE BICYCLE. 
          AND THEN THIS IS A SECTION FROM REDDING TRAIL TO THE GREEN SPACE, WHICH IS SOUTH OF ADDISON GROVE. 
          THE ONLY DIFFERENCE IN THIS, IN THE ONE PRIOR IS THAT THE TWO-WAY CYCLE, TRACK AND BUFFER, INSTEAD OF BEING 13 FEET IS 14 FEET. 
          SO THERE IS GOING TO BE AN ADDITIONAL FOOT ON THE BACKWAY ITSELF. 
          AND THEN YOU HAVE TWO DIRECTIONAL TRAFFIC ON BELTWAY AND THERE IS NO CENTER MEDIAN IN THIS PARTICULAR PART OF THE TRAIL. 
          AND THEN LOOKING AT, UH, THE VERY LEFT HAND SIDE OF THIS IMAGE, YOU ARE IMMEDIATELY EAST OF FIRE STATION NUMBER TWO AND THE PICKLEBALL COURTS. 
          AND YOU CAN SEE AT THE REDDING TRAIL AS IT CROSSES BELTWAY. 
          WE HAVE TWO ARE OUR FD YEARS AGO, AND THEN WE ARE GONNA MOVE DOWN TO THE, EXCUSE ME, TO THE EAST TO THE GREEN SPACE SOUTH OF ADDISON GROVE. 
          SO WE HAVE A COMPLETELY DIFFERENT CONVENTION HERE. 
          WE HAVE TWO LANES THAT ARE WIDER BECAUSE THE ROADWAY IS WIDER IN, IN THIS PARTICULAR AREA. 
          AND WE ARE GOING TO TRANSFER THAT CYCLE TRACK, WHICH IS ACTUALLY ON ROAD ONTO THE TRAIL ITSELF. 
          AND IT WILL BE BECOME A 12 FOOT SHARED USE PATH NEAR THE BACK OF THE ROAD AFTER A SHORT BUFFER. 
          AND THEN ON PAST THAT IS ACTUALLY THE PASSIVE PART OF THE PARK ITSELF. 
          AND THIS IS A LITTLE MISREPRESENTATION, IT'S ACTUALLY BIGGER, UH, OUT THIS WAY. 
          BUT JUST FOR THE GRAPHICS, WE WANTED TO SHOW IT A LITTLE SMALLER. 
          AND WE HAVE A SMALLER CONTEMPLATION PATH AT THE, UH, INTERIOR PORTION OF THIS PARTICULAR PARK. 
          AND THAT IS, UH, THE CONCEPT PLAN FOR WHAT WE CALL SAM'S PARK. 
          THIS IS ADDISON GROVE. 
          SO IT'S THIS OPEN SPACE IMMEDIATELY SOUTH OF THERE. 
          THIS IS A CONCEPT PLAN. 
          IT'S NOT, UH, AT AT ITS FULLEST RIGHT NOW BECAUSE IT'S GONNA NEED TO GO THROUGH THE PROCESS OF THE CONSTRUCTION DOCUMENTATION BEFORE IT BECOMES DEVELOPED. 
          BUT ONE THING I DID WANT TO ILLUSTRATE TO YOU IS THAT WE HAVE TWO-WAY BICYCLE TRAFFIC THAT IS GOING TO BE OFF THE ROAD, UH, ALL THE WAY UP TO MIDWAY AND IT'S GOING TO BE AT A DECREASED WIDTH. 
          AS YOU APPROACH MIDWAY. 
          YOU ALSO HAVE PEDESTRIAN CIRCULATION THAT IS GOING TO COME INTO THE PARK AND INTO ADDISON GROVE. 
          ONCE THEY'RE COMPLETED, THAT WALL WILL COME DOWN. 
          AND THEN INSIDE THE PARK WE HAVE THAT SMALLER CONTEMPLATION PATH THAT WE TALKED ABOUT. 
          AND IT'S CIRCULAR AT EACH END SO THAT WALKERS CAN WALK IN BETWEEN THE TWO LOCATIONS, THE CIRCLE AND CIRCLE BACK AROUND AND CONTINUE TO ENJOY THAT PATH AS LONG AS THEY WOULD LIKE TO. 
          AND THEN, UM, WE COME TO THE LAST TWO, SO LAST TWO SLIDES ON HERE. 
          UH, THIS IS THE INTERSECTION AT MIDWAY ROAD AND THERE HA THERE WAS A LOT OF CONVERSATION ON THAT. 
          SO THE WAY IN WHICH THIS WAS RESOLVED, AS SAFE AS IT COULD BE, IS THAT YOU HAVE THAT EASTBOUND TRAFFIC COMING ALONG ON THE OFF ROAD PATH. 
          AND THEN AT THE SIGNALIZED INTERSECTION, THE FIRST STAGE OF THIS TWO STAGE TURN BOX WILL GO INTO THE PROTECTED BOX AND THEN WILL ADJUST ITSELF. 
          AND THEN WHEN THE SIGNAL IS GREEN, THEY WILL PROCEED ACROSS MIDWAY INTO A BICYCLE BOULEVARD. 
          AND THEN IN REVERSE FROM THE BICYCLE BOULEVARD, THE TRAFFIC WILL GET ON A, A CROSSWALK, WHICH IS FOR BICYCLES. 
          AND THIS WILL BE AT THE SIGNALIZED INTERSECTION, SO IT WILL ALL THE TIME SIGNALIZED INTERSECTION FOR PROTECTION OF THE BICYCLIST. 
          AND THEN THIS IS THE TERMINATION POINT OF THAT PATH WHERE THE BICYCLE BOULEVARD TERMINATES INTO BELTLINE ROAD. 
          SO AGAIN, USING THE SAME CONVENTIONS, YOU HAVE NORTHBOUND OR UM, EASTBOUND TRAFFIC THAT IS COMING ON THE BICYCLE BOULEVARD. 
          AND THEN WHEN IT IS APPROPRIATE AT THE SIGNAL, THEY WILL MOVE ACROSS TO THE OTHER SIDE OF BELTLINE ROAD. 
          AND THEN IN REVERSE SIMPLY IT WORKS THE SAME WAY WHERE THE SIGNALIZATION WILL PROVIDE A SAFE CROSSING AND THEN DOWN ONTO THE BICYCLE BOULEVARD. 
          ONE THING I DO WANT TO POINT OUT IS YOU CAN SEE THIS GREEN PORTION RIGHT HERE, JUST AS IN THE OTHER INSTANCES WHERE THIS IS PAINTED GREEN, THAT MEANS THERE WILL BE A VEHICULAR CROSSING OF THE TRAIL ITSELF. 
          AND SO AS THE CARS COME UP THIS WAY, THEY'RE GOING TO CROSS THE TRAIL AND THEN HEAD TO A RIGHT TURN ONLY. 
          AND THIS WILL BEGIN SOME 
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SIGNAGE THAT WILL, UH, HAVE INSTRUCT THE MOTORIST TO BEGIN RIGHT TURN LANE YIELDS THE BICYCLES. 
          SO AS THEY'RE COMING NORTHWARD, THEY WILL KNOW WHETHER THEY HAVE PASSED A BICYCLE OR NOT AND IF THERE IS A POTENTIAL FOR CONFLICT. 
          AND SO JUST VERY QUICKLY, I HAVE A COUPLE OF SLIDES LEFT ON RECOMMENDED TRAIL AND WAYFINDING STANDARDS, WHICH WAS ALSO UNDER THE PURVIEW OF M I G AS WELL AS A PART OF THEIR CONCEPTUAL DESIGN. 
          THE, UH, PURPOSE OF THE PROJECT WAS TO PROMOTE ACTIVE TRAVEL FOR ALL, CREATE A COHESIVE TRAIL IDENTITY, ALLOW FOR EFFICIENT IMPLEMENTATION, CREATE LOCAL AND REGIONAL CONNECTIONS IN ADDISON. 
          AND SO THERE ARE SOME RELEVANT PLANNING DOCUMENTS. 
          YOU CAN SEE THERE ARE THREE OF THEM THAT ARE ADOPTED BY ADDISON, ONE FROM THE COUNCIL OF GOVERNMENT, AND THEN ONE PRECEDENT STUDY THAT WAS DONE IN ANOTHER CITY. 
          SO THE AREAS OF DIFFERENT SIGNAGE THAT WE HAVE, WE HAVE THE MAJOR SIGNAGE, WHICH IS GOING TO BE OUR IDENTIFICATION SIGNAGE, WHICH IS THE MOST PROMINENT, AND IT WILL BE FOR AREAS LIKE THE T O D, THE SILVER LINE STATION IN ADDISON CIRCLE PARK TO NAME A FEW. 
          AND THEN WE HAVE A SMALLER CONVENTION, WHICH IS ID DIRECTIONAL, WHICH WILL, UH, HAVE SOME DIRECTIONAL AND IDENTIFICATION AND IT WILL PLACE BE PLACED AT TRAIL INTERSECTIONS, AT NON TRAIL PATHS SUCH AS MIDWAY ROAD OR ANOTHER, ANOTHER AREA. 
          AND THEN WE HAVE DIRECTIONAL SIGNAGE, WHICH IS BASICALLY WHERE TRAILS MEET. 
          AN EXAMPLE OF THAT WOULD BE THE REDDING TRAIL JUST NORTH, OR I'M SORRY, SOUTH OF FIRE STATION NUMBER TWO, WHERE IT ACTUALLY CHANGES DIRECTION TO GO TO MIDWAY. 
          AND THEN WE HAVE MILE MARKERS, UH, THAT CAN BE IN INCREMENTS OF EITHER QUARTER MILE OR HALF MILE, WHICH, UH, IS EVER APPROPRIATE FOR THE PARTICULAR USE. 
          AND THEN WE HAVE PARK REGULATORY SIGNS AND WE HAD A STAFF MEMBER, UH, OH, WHAT DID I DO, CHAD? HERE WE GO. 
          WE HAD A STAFF MEMBER THAT ACTUALLY DESIGNED ONE OF THESE PARK REGULATORY SIGNS AND WE, WE REALLY LIKE IT. 
          UH, WE HAVE IT IN USE IN A COUPLE OF PARKS. 
          IT IS VERY EASY TO READ. 
          IT HAS THE ADDISON COLORS, IT SAYS ADDISON IN THAT, UH, IT IS VERY ATTRACTIVE AND SO ON. 
          UH, THE SIGNS THAT WE, UM, HAVE CHOSEN, WE HAD A COUPLE OF OPTIONS AND THIS IS THE OPTION THAT WE HAVE SELECTED. 
          AND WE THOUGHT THIS REALLY SAID ADDISON. 
          AND AS A BASE ELEMENT, WE USED, UH, OUR PARKED REGULATORY SIGNS, WHICH WE ALREADY HAD IN PLACE AND WE REALLY DIDN'T WANNA RECREATE THE WHEEL. 
          UH, WE WANTED TO USE THAT REGULATORY SIGN BECAUSE IT IS ATTRACTIVE AND IT'S EASY AND IT SAYS ADDISON, BUT EMBELLISH ON THEM, STARTING WITH THE GATEWAY. 
          IT HAS THE, THE ARCH ON THE TOP AND THE ADDISON LOGO RESIDES WITHIN THAT, UH, ATTRACTIVELY COLORED. 
          EACH ONE OF THESE HAVE A DIFFERENT COLOR AS IDENTIFICATION. 
          AND THIS ONE, UH, IS GREEN, FOR EXAMPLE. 
          AND THEN WE HAVE THE ID DIRECTIONAL, WHICH ALSO HAS THIS ARCH ON THE TOP. 
          AND THEN DIRECTIONAL. 
          AND THEN WE HAVE 9 1 1 MILE MARKERS. 
          UH, THEY HAVE 9 1 1 LOCATIONS ON THEM. 
          AND UH, SOME OF THESE MAY BE SUBJECT TO MINOR CHANGES, BUT THIS IS, UH, POTENTIALLY WHAT WE ARE LOOKING AT. 
          AND SO THAT BRINGS US TO OUR NEXT STEP THIS EVENING. 
          UH, I'M GONNA ASK YOU, WE HAVE AN ITEM ON CONSENT AGENDA IN THE REGULAR SESSION, WHICH IS CONSIDER ACTION ON A RESOLUTION APPROVING AN AGREEMENT WITH MORE AFIN GUZMAN INCORPORATED, OR M I G FOR SHORT FOR PROFESSIONAL ENGINEERING SERVICES FOR THE DEVELOPMENT OF CONSTRUCTION DOCUMENTS FOR THE ADDISON BELTWAY DRIVE TRAIL PROJECT, AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT IN AN AMOUNT NOT TO EXCEED TWO 23,000, WHICH IS OUR BUDGET. 
          AND THEN FURTHER WE WILL IDENTIFY FUNDING FOR CONSTRUCTION DURING THE UPCOMING C I P AND BUDGET PROCESS. 
          SO THAT IS THE END OF MY PRESENTATION AND I'M HAPPY TO ANSWER ANY QUESTIONS THAT YOU MIGHT HAVE. 
          I SHOULD, YES, MAYOR, UH, THANK YOU JOE, THAT WAS INFORMATIVE. 
          CAN YOU TELL US, UH, ABOUT THIS LITTLE CREATURE HERE A LITTLE BIT MORE WHERE THEY'RE GONNA BE AND, AND THEN PERHAPS SHOW US WHERE I'M, I'M INTERESTED IN FINDING OUT WHERE THEY'RE GONNA BE LOCATED. 
          LIKE ON THIS PAGE RIGHT HERE WHERE THE GREEN IS, ACTUALLY THEY'RE NOT, I'LL SHOW YOU. 
          SO 
          [00:20:01]
IF YOU WILL LOOK RIGHT HERE. 
          SO THAT IS THE FIVE OR THE THREE FOOT BUFFER THAT IS NEXT TO THE TWO-WAY CYCLE TRACK. 
          THIS WILL BE STRAPPED WITH STRIPES ON THE EAST SIDE, BUT THESE STRAPS THAT YOU SEE IN HERE ARE ACTUALLY THESE DELINEATORS AT AN ANGLE. 
          SO IF THIS IS THE BUFFER, THEN THEY WILL BE AT AN ANGLE LIKE THIS AND THEY'LL BE FOUR FOOT CENTER TO CENTER. 
          YES. 
          YEP. 
          AND THESE ARE MANUFACTURED TO WITHSTAND, UH, A LOT OF HEAVY LOADING. 
          SO THESE ARE NOT GOING TO BE DESTROYED EASILY. 
          THESE ARE GONNA HOLD UP. 
          SO THAT'S ONLY W BEING USED WEST OF, UH, MIDWAY ROAD THAT IS GOING TO BE USED FROM, UM, ACTUALLY THE GRAND IT FROM THE PARK SOUTH OF ADDISON GROVE ALL THE WAY TO MIDWAY THOSE WILL BE USED ALL THE WAY, THE FULL LENGTH OF THAT. 
          SO IT'LL BE A TRUE BUFFER FOR SAFETY. 
          AND THIS IS ONE OF THE CONVENTIONS THAT WAS RECOMMENDED HIGHLY BY OUR CONSULTANT WHO DOES A LOT OF THIS TYPE OF WORK. 
          WHAT'S THAT MATERIAL METAPHOR? IT IS A VERY HARD PRESSURIZED PLASTIC. 
          I DON'T KNOW A WHOLE LOT MORE ABOUT IT THAN THAT, BUT I DID DO SOME READING THAT SAID THAT THIS, THIS WOULD HOLD UP IN ALMOST ALL SITUATIONS NO MATTER WHAT TYPE OF TRAFFIC ROLLS OVER. 
          ANYTHING ELSE? I HAVE A QUESTION ON SLIDE 13, BELTWAY TO BELTLINE. 
          WHAT'S THE DIVIDERS LIKE ON THOSE? SLIDE 15 ON MY SLIDE 13. 
          NEXT ONE DOWN. 
          KEEP GOING. 
          GOT ONE NOW ON THE REST. 
          YES. 
          SO YOU'RE, YOU'RE TALKING ABOUT THIS RIGHT HERE, BELTWAY AND BELTLINE. 
          THE NEXT ONE, ONE ON THE RIGHT. 
          OKAY, SO, SO THIS IS A STRIPE DIVIDER. 
          OKAY. 
          THERE'S JUST STRIPES ON THE ROAD. 
          YES, SIR. 
          STRIPES ON THE ROAD AND WE HAVE WHAT WE CALL SHES, WHICH IS THAT SHARE THE LANE MARKING. 
          THEY ARE POSITIONED EVERY 250 FEET ALONG THIS ROADWAY, WHICH WILL HELP DRIVERS TO IDENTIFY AND BICYCLIST AS WELL THAT THE, UH, CODE IS BEING SHARED. 
          BUT YES, THOSE ARE, THAT IS PAINT MARKINGS. 
          I WOULDN'T WANNA BE THE CYCLIST IN THE MIDDLE OF THOSE TURNING. 
          YEAH, BUT THAT'S PROBABLY THE BEST WAY TO DO IT. 
          SO YEAH, WE HAD A, WE HAD A LOT OF PEER REVIEW ON THIS AND THIS IS, THIS IS WHAT WE, WHAT WE LANDED ON. 
          WHAT'S THE SPEED LIMIT ON, I BELIEVE IT'S 30 MILES AN HOUR? 30. 
          30 OR 30? 30. 
          YEAH, I THINK IT'S 30. 
          I'M JUST, I MEAN, IF IT'S FASTER THAN THAT, WE, WE SHOULD CONSIDER, KEEP TAKING IT DOWN TO 30 I THINK BECAUSE WE'RE GONNA HAVE SOME MORE INTERACTION BETWEEN POSSIBLE INTERACTIONS BETWEEN BIKES AND CARS. 
          SO I ALWAYS DRIVE 29  SO EVERYBODY KNOWS  LUCKY WE NEVER QUESTION ON THAT SECTION. 
          UM, BILL, YOU DON'T HAVE SO MUCH TRAFFIC. 
          CORRECT. 
          AND IT'S SLOWER. 
          WE VERY DON'T YEAH, TODAY WE DON'T. 
          YEAH, RIGHT. 
           IT'S, IT'S, YOU DON'T HAVE A, I MEAN, FOR A LONG TIME ALREADY. 
          YEAH. 
          ON THE, UH, WAYFINDING SIGNS LIKE THE NEXT SLIDE. 
          KEEP GOING. 
          SORRY, I'M HAVING TO RUN THROUGH ALL OF THAT. 
          NO, NEXT ONE. 
          KEEP GOING. 
          ONE MORE, ONE MORE. 
          THERE WE GO. 
          NO, ONE MORE. 
          OKAY. 
           THE COLORS FOR ANYBODY THAT'S COLORBLIND, UH, GREEN AND YELLOW AND ORANGE ARE GONNA LOOK EXACTLY THE SAME. 
          SO IF WE CAN DO COLORS THAT WILL BE USED PRIMARY COLORS, THAT WOULD BE HELPFUL SO WE CAN RESPOND TO THAT. 
          UH, WHAT I DID NOT SHOW YOU IS THAT WE HAVE A RANGE OF COLOR OPTIONS THAT WE CAN USE FOR THESE SIGNS. 
          THIS JUST HAPPENS TO BE THE GRAY AND, AND THE GREENS AND THE ORANGES, BUT WE HAVE OTHER COLOR OPTIONS, WHICH WHEN WE GO THROUGH THE CONSTRUCTION DOCUMENTATION PHASE, WE CAN START TO DIG IN A LITTLE AND REALLY DESIGN COLORS THAT WILL POP AND, AND WILL BE UNDERSTANDABLE AND READABLE TO EVERYONE. 
          THAT'S A GOOD POINT. 
          YEAH. 
          IT'S, THANK YOU. 
          IT'S THE COLORBLIND. 
          THEY'RE NOT GONNA BE ABLE TO SEE, SEE THAT. 
          OKAY. 
          THANK YOU. 
          HAVE GQ, 
          [00:25:01]
HAVE GQ CAN REVIEW . 
          ABSOLUTELY. 
          A GREAT PRESENTATION. 
          AND, UM, I APPRECIATE THE FOCUS ON SAFETY. 
          YES, THAT'S ALWAYS OF MIND. 
          THANK YOU. 
          AND I CAN SEE THAT A LOT OF KAREN ATTENTION HAS BEEN PUT INTO, UH, SAFETY MEASURES, UH, WITH, YOU KNOW, WITH A NOD TO DESIGN GOOD DESIGN AS WELL MM-HMM. 
          , BUT SAFETY FIRST. 
          SO I IT LOOKS GOOD. 
          WELL, THANK YOU FOR SAYING THAT. 
          AND THE, UH, CONSULTANT ACTUALLY WENT BACK AND WATCHED, UH, THE COUNCIL PRESENTATION THAT WAS DONE IN AUGUST AND ACTUALLY HEATED EVERY WORD OF IT. 
          THEY, THEY ARE VERY SERIOUS ABOUT WHAT THEY DO. 
          I CAN TELL. 
          SO, YEAH. 
          GREAT. 
          JOE, CAN YOU TELL US ABOUT, SPEAK A LITTLE BIT ABOUT THE POTENTIAL ACCESS, EMERGENCY ACCESS BEHIND THE GROVES, OUR HOME WHERE IT'S, IT'S CALLING OUT WIDEN PROPOSED ADDISON GROVE FIRE ACCESS CURB RAMPS. 
          CAN YOU EXPLAIN THAT A LITTLE BIT? TELL US WHAT'S SPECIAL CONSIDERATIONS MAY HAVE BEEN AND YOU'RE, YOU'RE TALKING ABOUT HERE? YES, SIR. 
          UH, ACTUALLY RIGHT AT THE CROSS OR WELL, RIGHT IN THE, IS THAT RIGHT OR GREEN? THE GREEN GREEN. 
          THERE YOU GO. 
          RIGHT HERE. 
          NO, NO. 
          TO THE LEFT. 
          LEFT WHERE THE BALLARD ARE GOING. 
          THE OTHER LEFT THREE LITTLE BALLARD BALLARD, KEEP GOING FROM, FROM ADDISON GROVE WILL BE HERE. 
          NO, NO, YOU'RE RIGHT. 
          CORRECT. 
          OH, SORRY ABOUT THAT. 
          I, I MESSED THAT. 
          THANK YOU. 
          YEAH, SO THE BALLARDS ARE IN PLACE AND THEY'RE GONNA STAY THERE PERMANENTLY. 
          MY UNDERSTANDING IS THEY WILL HAVE, AND I'M NOT SURE, SHANNON, YOU MIGHT COULD ELABORATE ON THIS, SOMETHING FOR THE FIRE DEPARTMENT SO THAT THEY CAN ACCESS THAT SHANNON, DIRECTOR OF PUBLIC WORKS AND ENGINEERING SERVICES, THE BALLARDS THAT ARE BEING INSTALLED, THERE ARE PNEUMATIC ACTUATED SO THAT THE FIRE DEPARTMENT CAN, ARE THE ONLY ONES THAT CAN ACCESS SOME OF A KNOX KEY OR SOMETHING. 
          RIGHT. 
          BUT THOSE ARE NOT GONNA BE IN FRONT OF OKAY. 
          THEY, THEY WILL NOT. 
          IS THAT YOUR QUESTION? SO, SO THESE JUST FOR CLARITY WILL TERMINATE RIGHT HERE AS THE TRAIL MAKES THE TRANSITION ONTO THE GOT IT. 
          RIGHT. 
          I JUST WANTED TO CLARIFY. 
          THE WIDEN PRO WIDEN PROPOSED ADDISON GROVE FIRE ACCESS CURB RAMPS. 
          SO THE, THE APPROACH OF THE ROADWAY, THE END OF MAGNOLIA IS GOING TO INCREASE. 
          AND SO THAT'S WHAT THAT REFERS TO IS THAT THE APPROACHES, SINCE THE APPROACH IS WIDENING, NERVE RAMPS WILL ALSO HAVE TO BE MOVED OUTWARD. 
          SO DO WE KNOW WHAT THE WIDTH THAT'S GONNA BE? WE ARE ACTUALLY HAVING THAT SURVEYED AS WE SPEAK AND WE WILL MEET IN THE FIELD TO GET A FINAL CONCLUSION ON THAT IF THIS WEEK ACTUALLY, AND WE CAN CERTAINLY LET YOU KNOW WHAT THAT OUTLINE IS. 
          SURE. 
          I I APPRECIATE THAT. 
          YOU BET. 
          THOSE WILL BE TYPICALLY 24 FOOT HARLENE. 
          YEAH, I'M SURE. 
          AND WITH, UH, PROBABLY A 30 FOOT RADIUS OR SOMETHING, YOU KNOW WHAT I MEAN? ON THE, ON THE SIDE. 
          SO, SO THOSE VERY CLOSE, GOOD TRUCKS IN THERE. 
          VERY CLOSE. 
          IT, IT WILL BE 24 FEET. 
          YEAH. 
          GOING BACK TO OUR PREVIOUS COUNCIL MEETING WHERE WE REVIEWED THIS, DID WE RECEIVE ANY CONCERN FROM RESIDENTS ON THIS THAT YOU RECALL? NOT THAT I'M AWARE OF BECAUSE I HADN'T HEARD ANY COMMENTS, UM, ABOUT, UH, CHALLENGES WITH THE DESIGNERS AS IT WAS PRESENTED. 
          AND I WAS CURIOUS IF ANYONE ELSE ON THE COUNCIL HAD I HAVE NOT HEARD ANYTHING. 
          I HAVEN'T, BUT I'VE, BUT I'VE DRIVEN DOWN, YOU KNOW, EVEN THOUGH BELTWAY THERE IS LIKE, IT'S TWO LANES KIND OF WIDE, YOU NEVER SEE, I NEVER SEE, NEVER SAY NEVER, BUT I RARELY EVER SEE TWO CARS NEXT TO EACH OTHER. 
          EVERYBODY TREATS AND THEY KIND OF DRIVE DOWN THE MIDDLE. 
          IT'S, YOU KNOW, SO I DON'T THINK IT'S TAKING AWAY OR, YOU KNOW, IMPEDING TRAFFIC COMING THROUGH THERE WITH TAKING THESE LANES OFF THE ONE SIDE. 
          I AGREE WITH YOU. 
          THE BIGGEST PROBLEM IS THE STOP SIGN OVER THE INTERSECTION OF LA GRANDE AND THE BUILDING. 
          VERY FEW PEOPLE STOPPED. 
          I MEAN, FOUR STOP. 
          SO, UH, WE, UH, SET ON THE SIDE AND WATCH IT. 
          PROBABLY ONE CALL OF 10 FULLY STOP, SO WHEN PEOPLE APPROACHING, JUST SLOW DOWN A LITTLE BIT AND LOOK, NOTHING MOVE FORWARD. 
          SO NOBODY'S REALLY FULLY STOP , I WILL JUMP IN. 
          THAT'S TRUE OF PARK PLACE TOO. 
          I, THAT INTERSECTION IN PARTICULAR HEARD, HAVEN'T HEARD A LOT ABOUT IT SINCE I'VE BEEN HERE. 
          SHANNON'S CURRENTLY WORKING ON A PLAN RIGHT NOW FOR HOW THEY DID, THEY TOOK PRELIMINARY STEPS. 
          RIGHT NOW THEY HAVE KIND OF THE BUMPS 
          [00:30:01]
AT THE STOP SIGN MM-HMM. 
          , BUT THERE'S STILL AN, YOU GUYS ARE TURNING, UM, FOLKS JUST CAN'T SEE. 
          I KNOW. 
          I WAS THERE AT NIGHT AND IT WAS DARK AND IT, IT'S VERY DIFFICULT. 
          THERE'RE 51 OF 'EM ON THERE. 
          51, 1 51 OF THOSE REFLECTORS, THOSE OVERSIZED REFLECTORS THAT THEY PLACED ON THERE. 
          51. 
          I CAN TELL YOU I HAD A PHONE CALL FROM SOMEBODY THAT THE POLICE HAVE BEEN OVER THERE MONITORING THAT STOP SIGN AND ONE GUY CALLED ME, HE HAD GOT TWO TICKETS IN A WEEK. 
          GOOD. 
          NOT COME TO A COMPLETE STOP. 
          AND I'M LIKE, YEAH, OKAY. 
          YEAH. 
          , YOU SURE? YEAH. 
          THAT'S, THAT'S CHALLENGING IN THE MORNING. 
          WE HAVE HAVE A LOT OF CHALLENGES THERE. 
          SO, UH, HAD RESIDENTS WHERE WAS SITTING IN THE FOUNTAIN, YOU KNOW, WATCHING THAT HAPPEN. 
           WITH DISTANCE, SO, OH, THE CUT STOP, YOU KNOW. 
          OH, THERE'S PLEASE HIDING ON THE SIDE. 
          , THEY DON'T EVEN HAVE TO HIDE. 
          THAT'S RIGHT. 
          THEY'RE RIGHT. 
          THE, THAT'S TREE RIGHT THERE. 
          YEAH. 
          PARK. 
          PARK PLACE. 
          PARK PLACE. 
          YEAH. 
          YEAH. 
          I SIT ON THE PATIO AND WATCH HIM FLY THROUGH THERE ALL THE TIME. 
          DARREN SHOULDN'T DRIVE THAT FAST. 
          THAT'S IT. 
           LIKE TOM, I HAVE 20 RULES. 
          ANY MORE QUESTION ON THIS ONE? SO I WANT TO THANKS JOE AND, AND JENNA, YOU KNOW, SPEND A LOT OF TIME ON THIS. 
          SO I THINK ALL THE COUNCIL PUT A LOT OF INPUT IN, INTO IT. 
          SHOULD BE GOOD. 
          THANK YOU VERY MUCH. 
          BUT YOU, YOU KNOW, WHEN YOU SEE IF WE SCATTER THE MONEY AND AGAIN THE MONEY AND I GIVE THAT A CONSTRUCTED EVERYTHING IS IN PLACE, THEN YOU'LL PROBABLY WILL HEAR SOME COMPLAINT  RIGHT NOW, SINCE IT'S NOT, IN FACT NOBODY KNOWS. 
          THAT'S RIGHT. 
          THAT'S RIGHT. 
          NOBODY REALLY PAY ATTENTION TO IT. 
          ALSO, YOU DON'T KNOW HOW GREAT IT IS YET, YOU KNOW, UNTIL YOU ACTUALLY RIDE A BICYCLE ON, WALK ON THE TRAIL AND YOU SEE THE REAL ACTION AND, AND THE, AND THE, OF COURSE THE CALMING EFFECTS FOR THE TRAFFIC THERE. 
          MM-HMM. 
          . 
          YEAH. 
          I THINK THAT'S GONNA ACTUALLY HELP TO SOME DEGREE SLOWING PEOPLE DOWN WHEN IT'S NOT THIS BIG GIANT RUNWAY. 
          RUNWAY, RIGHT? MM-HMM. 
          . 
          ALRIGHT, THANK YOU SO MUCH, JOE. 
          YOU'RE WELCOME. 
          GOOD JOB. 
          ALL 
          [2.  Present and Discuss the Operations and Financial Reconciliation for Addison Oktoberfest 2022.]
RIGHT, THE NEXT ITEM, ISEN ITEM NUMBER TWO, PRESENT, DISCUSS THE OPERATION IN THE FINANCIAL RECONCILIATION FOR EDISON OCTOBERFEST 2022. 
          AND I WANNA READ NUMBER THREE AS WELL, SO YOU CAN DO THAT IN CONTINUATION. 
          ITEM NUMBER THREE, PRESENT, DISCUSS THE 2023 SPECIAL EVENTS PREVIEW. 
          MIKE. 
          GOOD EVENING MAYOR COUNCIL YESENIA SALDIVAR, INTERIM DIRECTOR OF SPECIAL EVENTS AND I'M HERE TO GIVE YOU A RECAP ON OCTOBERFEST 2022. 
          SO SOME KEY HIGHLIGHTS OF THIS YEAR. 
          WE CELEBRATED OUR 35TH ANNUAL OCTOBERFEST. 
          THE TEAM ADDED ENHANCED ENTERTAINMENT ON ALL THREE STAGES. 
          WE INCREASED THE NUMBER OF PARTY HALL DECK TABLES THAT WE SOLD AND THEY SOLD OUT VERY QUICKLY ON THURSDAY THROUGH SATURDAYS. 
          UM, AND THEN FOR OUR 2022 COMMEMORATIVE STEINS, UNFORTUNATELY THE SUPPLY CHAIN HIT US. 
          WE DID NOT HAVE ANY AVAILABLE FOR SALE AT THE EVENT. 
          UM, BUT STAFF WAS ABLE TO OBTAIN ENOUGH STEINS LOCALLY TO FULFILL ANY PRE-PURCHASE PACKAGES FOR OUR MARKETING CAMPAIGN AND PAID ADVERTISING. 
          WE SPENT JUST OVER 79,000 IN FOR OUR MARKETING CAMPAIGN IN DIGITAL, OUTDOOR AND RADIO PROMOTIONS, WHICH DELIVERED JUST UNDER 14 MILLION IMPRESSIONS. 
          FOR ANY OF THOSE OF YOU THAT ARE NOT FAMILIAR WITH AN IMPRESSION, THAT'S HOW MANY PEOPLE SEE YOUR MESSAGE. 
          WE ALSO RECEIVED JUST OVER 9.5 MILLION OF VALUE AND IN-KIND ADVERTISING AND PR, UM, THROUGH RADIO TV. 
          AND THEN OUR PR WAS ON BROADCAST PRINT AND ONLINE, WHICH DELIVERED JUST OVER 59 UH, MILLION IMPRESSIONS HERE. 
          I WANTED TO GIVE YOU A FOUR YEAR COMPARISON OF OUR ADMISSIONS AND ATTENDANCE. 
          UM, KEEP IN MIND, SATURDAY OF 2018 OCTOBERFEST WAS CANCELED DUE TO INCLEMENT WEATHER, SO THAT'S WHY THOSE NUMBERS ARE SO LOW. 
          UM, BUT WE ARE, WE HAD INCREASED ATTENDANCE OVER 2021. 
          WE'RE NOT QUITE BACK TO OUR PRE COVID NUMBERS, BUT WE ARE CERTAINLY ON TRACK TO GET THERE FOR OUR HOTEL PACKAGES. 
          WE, FOLLOWING SUCCESS OF PREVIOUS EVENTS, ALL ADDISON 
          [00:35:01]
HOTELS WERE LISTED ON THE EVENT WEBSITE. 
          VISITORS COULD BOOK ANY ADDISON HOTEL REGARDLESS OF WHETHER A SPECIAL RATE WAS OFFERED. 
          AND THEY RECEIVED A HOTEL PACKAGE, THEY RECEIVED A VOUCHER, WHICH THEY SOLD AT, RECEIVED AT THE EVENT. 
          UM, AND THEY GOT THEIR ADMISSION TICKETS, COMMEMORATIVE STEINS WITH BEER TOKENS AND LAPEL PINS. 
          THIS YEAR WE HAD 653 PACKAGES REDEEMED, WHICH WAS A 47% INCREASE OVER 2021. 
          DID DID YOU HAVE SOMETHING SPECIAL OR DIFFERENT IN THESE PACKAGES FROM THE PREVIOUS EARS THAT ADDED TO THE, TO THE CLAMOR? FOR THEM IT WAS THE SAME, IT SAME PACKAGE AS LAST YEAR, UM, IS WE HAVE A LOT OF COLLECTORS AND SINCE WE DIDN'T HAVE THE STEINS AVAILABLE FOR SALE, YOU COULD STILL GET THEM IN THE PRE-PURCHASE PACKAGES, WHICH INCLUDED THE HOTEL PACKAGES. 
          UM, ALSO LISTING ALL THE ADDISON HOTELS ON THERE, UH, HAS PROVEN TO INCREASE HOW MANY BOOK ROOM LOOKINGS WE GET. 
          THANK YOU. 
          YOU'RE WELCOME. 
          NOW I'M GONNA GIVE JUST A LITTLE BREAKDOWN OF THE REVENUE OF OCTOBERFEST. 
          SO WE SEE, YOU'LL SEE HERE THAT OUR SALES REVENUE INCLUDES ADMISSION TICKETS, WHICH ARE SOLD ONLINE THROUGH TICKET SAUCE AND AT THE GATE TICKET SOLD FOR PARTI PARTICIPATION IN BEER GAMES AND THE TOWN'S COMMISSION FROM VARIOUS VENDOR CELLS. 
          SO YOUR FOOD AND BEVERAGE SALES FOR A TOTAL REVENUE OF JUST OVER 471,000 ADDITIONAL REVENUE WE RECEIVED, WE COLLECTED ABOUT $85,000 FROM SPONSORS, 18,000 FROM VENDOR FEES AND RENTALS. 
          THESE FEES ARE DIFFERENT THAN COMMISSIONS OF THEIR MARKETPLACE VENDORS, UM, THAT SELL ARTS AND CRAFTS AND ROUGHLY $120 IN MISCELLANEOUS ITEMS. WHICH FEES ARE SOME WRISTBANDS WE SELL ON SITE, AT LOAD IN, OR ANY OF THE VENDORS THAT NEED ADDITIONAL, UM, WITH CLOSE TO JUST 104,000 IN ADDITIONAL REVENUE. 
          YOU CAN SEE AT THE TOP THAT THE SALES AND COMMISSION ARE THE MAJORITY OF OUR REVENUE, WHICH IS NORMAL WITH THE INCLUSION OF OUR SPONSORS. 
          VENDORS FEES AND RENTALS. 
          MISCELLANEOUS ITEMS, REVENUE TOTALED JUST OVER 575,000. 
          OUR BUDGETED REVENUE FOR FISCAL YEAR 22 WAS ACTUALLY $610,500. 
          WE CAME JUST SHORT OF THIS. 
          THE MAJORITY OF THE DIFFERENCE WAS OUR BUDGETED SPONSORSHIP AND ADMISSION REVENUE. 
          WE'RE DOWN THIS YEAR HERE, I GAVE YOU A FOUR YEAR COMPARISON OF FOOD AND BEVERAGE SALES. 
          UM, THE GRAY BAR IN 2018 IS ACTUALLY TASTY BUCK SALES. 
          IT'S A LITTLE DIFFICULT TO COMPARE TASTY BUCKS TO THE USE OF THE POS SYSTEM. 
          THE ORANGE BARS REPRESENT THE TOTAL FOOD AND BEVERAGE SALES OF VENDORS UTILIZING THE POS SYSTEM. 
          UM, AND AGAIN, KEEP IN MIND THAT 2018 SATURDAY OF OCTOBERFEST WAS CANCELED. 
          THAT'S WHY THOSE CELLS ARE SO MUCH LOWER. 
          UM, THE AVERAGE PATRON SPEND WAS ABOUT $32 PER PER ATTENDEE, WHICH WAS ABOUT A 3% INCREASE OVER 2021. 
          UM, AND THIS YEAR OUR PARTNER MARRIOTT FORUM, THEY ACTUALLY HAD A RECORD YEAR WITH JUST OVER 640,000 IN BEVERAGE SALES. 
          UM, THIS WAS A 25% INCREASE OVER LAST YEAR. 
          SO THEY WERE VERY HAPPY THIS YEAR. 
          VERY THIRSTY. 
          NOW I'LL GIVE YOU JUST A QUICK BREAKDOWN ON THE EXPENSES. 
          SO IF YOU START FROM THE TOP AND GO DOWN, YOU'LL SEE THE LARGEST CONTRIBUTOR TO OUR EXPENSES, TO THE SMALLEST, OUR LARGEST CONTRIBUTORS BEING RENTALS, CONTRACTUAL SERVICES AND PAYROLL. 
          SO THE RENTALS AND YOUR CONTRACTUAL SERVICES RENTALS IS PAYS FOR THAT BIG TENT. 
          THAT'S ONE OF, THAT'S WHY THIS ONE IS ONE OF OUR LARGEST EXPENSES FOR OCTOBERFEST. 
          TOTAL EXPENSES WERE JUST UNDER 787,000. 
          SO WE DID MEET OUR BUDGET EXPENSES, UH, BELOW OF 798, 420 $6. 
          SO WITH TOTAL REVENUE AND EXPENSES, OCTOBERFEST 2022 PRODUCED A NET INVESTMENT OF JUST OVER 211,000. 
          THE BUDGET INVESTMENT WAS 180 7 9 26. 
          SO WE JUST MISSED OUR GOAL SHORTLY. 
          AND THE MAJORITY, LIKE I'VE MENTIONED, WAS THE REVENUE WAS SHORT OF, CAME UP SHORT THIS YEAR. 
          HERE'S THE FOUR YEAR COMPARISON OF THE REVENUES IN ORANGES. 
          IT'S IN ORANGE AND THE EXPENDITURES ARE IN BLUE. 
          UM, WITH OUR INVESTMENT FOR THE EVENT AND GRAY, UM, DUE THE EXCLUSION OF TASTY BOOKS, AS I'VE MENTIONED, IT'S A LITTLE BIT DIFFICULT TO COMPARE THE EXPENSES, UM, TO 2018. 
          HERE WE RECEIVED ABOUT A LITTLE OVER 800 SURVEY RESPONSES. 
          SO WE RECEIVED A 95% CONFIDENCE 
          [00:40:01]
LEVEL WITH A 5% MARGIN OF ERROR ON OUR EVENT, UM, SURVEYS. 
          UM, YOU'LL SEE THAT OUR TOP CHOICES OF WHAT ATTRACTED PEOPLE TO THE FESTIVAL WERE OUR BEER AND WINE SELECTION OVERALL EXPERIENCE AND FOOD SELECTION. 
          AND WITH THE SURVEYS WE ALSO RATED THEM ON WHAT WAS, HOW DID THEY RATE THEIR OVERALL EXPERIENCE. 
          UM, AND THE MAJORITY SAID EXCELLENT AND THEN ABOVE AVERAGE AND AVERAGE. 
          SO WE DID PRETTY WELL THERE. 
          DO YOU HAVE ANY QUESTIONS? I HAVE A GOOD QUESTION. 
          I'LL THE ATTENDANCE FEEDBACK. 
          SURE. 
          ATTENDEE FEEDBACK. 
          UH, BEER, IT LOOKS LIKE BEER, OVERALL EXPERIENCE, FOOD SELECTION AND MUSIC AND ENTERTAINMENT ARE THE TOP FOUR. 
          DO THOSE CHANGE FROM YEAR TO YEAR OR THOSE STAY PRETTY MUCH THE SAME? WE KEEP THEM PRETTY CONSISTENT. 
          THE WAY WE TRY TO JUST SPICE IT UP IS INTRODUCED. 
          OF COURSE WE KEEP TRUE TO THE GERMAN CULTURE OF THE EVENT. 
          THAT'S OBVIOUSLY WHAT ATTRACTS SEVERAL PEOPLE. 
          SO WE'LL TRY TO ADD NEW GERMAN VENDORS AS FOOD AND MUSIC. 
          UM, SO WE DO TEND TO KEEP IN THAT JUNK GENRE. 
          WHY DO YOU THINK THE DOG ATTRACTIONS ARE LOW? I THINK THE DOG ATTRACTIONS ARE LOW CUZ IT'S JUST THE DACHSHUND DASH. 
          UM, WE DID HAVE, WE HAD ABOUT 80 APPLICANTS INTO THE UM, DUND DASH THIS YEAR, WHICH HAS INCREASED OVER PREVIOUS YEARS. 
          IT'S JUST ONE DAY OF THE EVENT, OF A FOUR DAY EVENT. 
          SO I, I THINK THAT'S WHY IT MIGHT BE LOWEST. 
          WE ARE LOOKING AT ENHANCING THE DUND DASH THIS YEAR. 
          UM, WE'RE MOVING IT TO A NEW LOCATION, UM, MAKING IT A LITTLE MORE FUN. 
          WE HAD SEVERAL CALLS ON, UH, PEOPLE TRYING TO GET INTO THE DAWSON DASH AT THE LAST MINUTE. 
          RIGHT. 
          WHERE ARE YOU GONNA MOVE IT? WE'RE GONNA ACTUALLY MOVE IT INTO THE PARTY HALL, SO IT'LL BE IN THAT BIG TENT. 
          WE WILL FLIP THE DANCE FLOOR TO WHERE IT HAS THE DAWSON DASH AT THE BEGINNING AND THEN IT'LL BECOME A DANCE FLOOR ACT SHORTLY AFTER THAT. 
          SUNDAYS ARE HU IT'S OUR DOG DAY AS THE BIGGEST DRAW ON THAT DAY. 
          UM, SO WE'RE REALLY HIGHLIGHTING IT, UM, PUTTING A LOT OF OUR EFFORTS INTO THAT, UM, AND TRYING TO INCREASE THAT POPULARITY IN THE PAST. 
          YOU KNOW, THE DUCTION RACE IS INSIDE THE 10, IN THE OLD DAYS AND THIS YEAR, LAST YEAR I WENT THERE AND I FEEL WAY TOO HOT. 
          THE WEATHER SO HOT, SO HOT SWEATING ALL THE WAY AROUND, YOU KNOW, I MEAN, SO PROBABLY MOVING INSIDE WILL BE BETTER. 
          A LOT OF THOSE WELL FUR BABIES WERE BACON IN THE SUN LAST YEAR, SO WE'RE DEFINITELY LOOKING AT THAT. 
          YEAH. 
          WELL I KNOW I CAN, I CAN SAY THAT WE REALLY ENJOYED BEING ON THAT UPPER DECK. 
          MM-HMM. 
          , UM, THAT SEEMED TO BE DIFFERENT FROM THE PREVIOUS YEAR. 
          YES. 
          SO, UM, UNINTENTIONALLY, BUT IF, AS YOU SAW, WE HAD THE STEIN SITUATION THIS YEAR AND WE WANTED TO MAKE SURE AND MAKE OUR CUSTOMERS HAPPY. 
          THOSE WERE PRE-SOLD, THEY WERE GUARANTEED STEINS IN THAT, SO WE MADE SURE WE DIDN'T WANNA HAVE TO REFUND ANY MONEY, SO WE SCURRIED AND FOUND THE STEINS. 
          WE ACTUALLY ADDED THE PRIVATE BAR UP THERE AT THE LAST MINUTE JUST TO SWEETEN THE DEAL JUST A LITTLE BIT. 
          UM, AND IT WAS VERY WELL RECEIVED SO WE CAN PLAN TO CONTINUE WITH THAT THIS YEAR. 
          SO I SAW A LOT OF PEOPLE HAVING A REALLY, REALLY, REALLY GOOD TIME. 
           DID WE GET A REFUND ON THE STEINS? SO WE ARE ACTUALLY WORKING ON DISPUTING THAT CREDIT CARD. 
          SO ON THIS SLIDE IT ADDS UP TOO. 
          I LIKE ABOUT 400%. 
          IT'S, TO ME IT, IT WOULD SAY THAT THE, THESE ARE REALLY THE TOP, UH, AT ATTRACT ATTRACTORS OR REASONS WHY PEOPLE SAID THEY, WHAT'S THE METHODOLOGY BEHIND THAT? THE 54% PLUS 52 PLUS 41 IS LIKE WAY OVER A HUNDRED PERCENT. 
          I WOULD ACTUALLY HAVE TO LOOK INTO THAT. 
          JUST CURIOUS TO ME, TO ME IT SEEMED LIKE THAT'S THE REASONS IN THAT ORDER, RIGHT? I'M JUST CURIOUS IF I'M MISSING SOMETHING. 
          I WOULD, I WOULD ASSUME THEY COULD SELECT MORE THAN AN OPTION. 
          THAT'S CORRECT. 
          YES. 
          MAYBE THAT'S THE TOP THREE OR SOMETHING LIKE THAT FOR EACH ONE OF THEM. 
          YOU DIDN'T HAVE TO PICK JUST ONE. 
          ANY QUESTIONS JUST GO FOR THE NEXT THANK ISINIA SALVA 
          [3.  Present and Discuss the 2023 Special Events Preview.]
INTERIM DIRECTOR OF SPECIAL EVENTS. 
          I'M GOING TO GIVE YOU A LITTLE PREVIEW ON OUR 2023 EVENT SEASON. 
          SO AS THE 2023 EVENT SEASON YEARS, THE STAFF IS PREPARING FOR FULL SLATE OF FESTIVALS AND EVENTS. 
          THIS YEAR WE'LL COMBINE TRADITIONS AND BEST PRACTICES OF PAST EVENTS AS WELL AS ADDING ENHANCEMENTS TO IMPROVE THE ATTENDING EXPERIENCE AND OPTIMIZE THE ADDISON BRAND IN ORDER TO ACCOMPLISH ACCOMPLISH THE DEPARTMENT OBJECTIVES FOR THIS FISCAL YEAR. 
          THE TEAM HAS BEEN EVALUATING IMPACTS OF THE TD ON EVENTS IN ADDISON CIRCLE 
          [00:45:01]
PARK. 
          WE HAVE ALSO BEEN EXPLORING OPTIONS FOR INCREASED REVENUE THROUGH SPONSORSHIPS AND ONSITE PROMOTIONS. 
          SO OUR FIRST EVENT SERIES IS ADDISON AFTER DARK, WE'LL HAVE OUR FIRST ONE IN APRIL. 
          THIS IS OUR FREE ADMISSION EVENT SERIES. 
          IT'LL BE FROM 6:00 PM TO 10:00 PM THIS YEAR. 
          WE ARE EXPERIMENTING WITH ADDING IN A HOTEL PACKAGE FROM THE, FROM OUR TOURISM MANAGER. 
          RECEIVED FEEDBACK FROM OUR HEART HOTELS THAT THEY WANTED TO SEE EVENTS IN AUGUST. 
          UM, WE ALREADY DO AN EVENT IN AUGUST, WHICH IS PINTS AND PUPS. 
          IT HAS OUTGROWN THE SERIES. 
          UM, OUR SERIES STARTED WITH ABOUT 400 PEOPLE IN ATTENDANCE. 
          PINTS AND PUPS LAST YEAR HAD ABOUT 1400. 
          UM, SO WE ARE LOOKING AT CAPITALIZING ON THOSE THREE POPULAR, UM, THEMES AND TYING IN A HOTEL PACKAGE HERE. 
          UM, WE ARE OFFERING SOME FOOD VOUCHERS FOR THE FOOD TRUCKS AND BRANDED TUMBLRS FOR THE HOTEL PACKAGE. 
          WE'RE ALSO ADDING MORE ACTIVITIES TO EACH MONTH, EXPANDING VENDORS AND IMPROVING THE ENTERTAINMENT. 
          OUR THREE THEMES THIS YEAR WILL START OFF IN APRIL WITH FIES NOCHE, WHICH IS A CELEBRATION OF LATIN CULTURE. 
          AUGUST 19TH IS PINTS AND PUPS, SO EVERYONE'S BELOVED FAVORITE. 
          AND THEN OCTOBER 21ST WE'LL HAVE OUR NEWEST ONE. 
          HARVEST HEYDAY. 
          THIS YEAR IS ACTUALLY COMBINING TWO OF OUR MOST POPULAR CONCEPTS IN THE PAST. 
          TARGETING OUR ATTRACTING OUR TARGET DEMOGRAPHIC, WHICH IT'LL COMBINE. 
          WE'LL HAVE WINE WHISKEY SAMPLING, FALL THEMED ACTIVITIES, CLASSIC ROCK MUSIC. 
          NIA, WHAT'S YOUR TARGET DEMOGRAPHIC? SO WE'RE TARGETING FOR OUR EVENTS IT'S A 21 TO 39, UM, BASED ON THE SURVEYS OF THE ATTENDEES THAT COME IN. 
          SO WE'RE TARGETING WITH THE UM, IT COULD BE SINGLE MARRIED, UM, WITH OR WITHOUT CHILDREN. 
          UM, WE HAVE NOTICED THAT A LOT OF OUR EVENTS ARE ACTUALLY USUALLY WITHOUT CHILDREN. 
          UM, SO WE DON'T FOCUS SO MUCH ON THESE EVENTS FOR THE FAMILY ACTIVITIES. 
          UM, WE HARVEST HOOT NANNY IS WHAT WE USED TO HAVE AND WE HAD A HAY RIDE THAT WAS ALWAYS OUR LOWEST ATTENDANCE ONCE. 
          SO THAT'S WHY WE ARE AIMING FOR THE UM, LESS FAMILY ACTIVITIES, BUT WE'LL STILL HAVE COMPONENTS OF IT. 
          SO NOT ME. 
          , WE STILL WANT YOU TO COME. 
          DO MOST OF THE HOTELS IN TOWN ALLOW DOGS? I'M NOT SURE OF THAT. 
          I'D ACTUALLY HAVE TO LOOK INTO THAT. 
          WELL IF THAT'S ONE OF YOUR FOCUSES FOR THE PINTS AND PUPS AND YOU'RE TRYING TO DRIVE HOTEL TRAFFIC, RIGHT, THAT WOULD BE AN IMPORTANT THING TO KNOW. 
          OKAY, GREAT. 
          MOST OF 'EM DO WITH A FEE. 
          MY EXPERIENCE HAS BEEN LIKE THE CHEAPER HOTELS ARE THE ONES THAT USUALLY DON'T. 
          RIGHT, RIGHT. 
          I MEAN RIGHT. 
          COST EFFECTIVE FOR TASTE ADDISON THIS YEAR WE WILL FOLLOW THE WEEKEND OF MEMORIAL DAY MONDAY ON FRIDAY, JUNE 2ND, SATURDAY JUNE 3RD. 
          OUR HOURS ARE 6:00 PM TO 12:00 AM AND 2:00 PM TO 12:00 AM SO WE DID NOT CHANGE THESE THIS YEAR. 
          THEY ARE GENERAL ADMISSION TICKETS. 
          UM, WE WILL HAVE AN ADULT TICKET 13 AND UP FOR $15. 
          THE YOUTH IS $5 AND AGES FIVE AND UNDER GET FREE, WE WILL OFFER A LIMITED AMOUNT OF V I P TICKETS FOR $60 AS WELL AS A RESERVE PARKING ADD-ON FOR V I P TICKETS AT $25, WHICH IS A CLOSER PARKING SPACE FOR THESE ATTENDEES. 
          UM, IN OUR HOTEL PACKAGE, PER OUR GUIDANCE FROM COUNCIL AND MY RECAP BACK IN AUGUST, WE EXPLORED HAVING TO, TRYING TO FIND A PRICELESS OPTION TO OFFER HOTEL PACKAGES TO PUT MORE ROOMS AND WE CAME UP WITH AN ACCESS TO A PRIME VIEWING AREA, WHICH WILL BE RIGHT IN FRONT OF THE MAIN STAGE. 
          SO IT CAN'T BE SOLD OR ACCESS WITHOUT A HOTEL PACKAGE. 
          THIS IS SEPARATE FROM THE VIEWING DECK THAT UM, SO IT WON'T INTERFERE WITH ANY V I P. 
          SO IT'S A SMALL AREA. 
          SO WHAT IS THE V I P GIFT THAT THE HOTEL PACKAGE DOESN'T GET? I'M ABOUT TO GO OVER THAT ON THE NEXT ONE WE GET A ROUND AND INTERVIEWING. 
          YES MA'AM. 
          SO THE VI P V I P EXPERIENCE WILL INCLUDE SINGLE DAY GENERAL ADMISSION. 
          IT'LL INCLUDE TWO BEVERAGES, TOKENS, IT'LL INCLUDE TWO TASTE BITES, UM, OUR TASTE BITES OR VOUCHERS THAT CAN BE REDEEMED AT ANY PARTICIPATING FOOD VENDOR FOR A APPETIZER, SMALL PORTOR OR SMALL PORTION. 
          UM, ACCESS TO THIS MAIN STAGE VIEWING DECK, WHICH IS ACTUALLY CENTER STAGE OUT IN THE MIDDLE. 
          AN ELEVATED DECK, UM, AGAIN PER COUN UH, COUNCIL'S GUIDANCE WE ARE, IT WAS JUST A FLAT UM, PLATFORM. 
          WE ARE GONNA BUILD IT THE BACK HALF OF IT, JUST A LITTLE BIT ELEVATED SO YOU CAN HAVE MORE VIEW FURTHER BACK. 
          UM, AND THEN AS WELL AS ACCESS TO AN INDOOR V I P LOUNGE, 
          [00:50:01]
WHICH WILL HAVE SEATING AREA PRIVATE RESTROOMS. UM, WE WILL HAVE A SMALL STAGE IN THERE VERY SIMILAR TO THE CONCEPT OF THE KLEIN HALL, WHICH WAS EXTREMELY POPULAR AT OCTOBERFEST THIS YEAR AND BAR SERVING DRINKS AND FOOD IN THERE. 
          SO THERE'S A LOT MORE, WE OFFER A LOT MORE TO THE VIPS THAN THE HOTEL BAG. 
          YESENIA? YES MA'AM. 
          NEED TO ADD TRASH HANDS UP ON THAT VIP DECK. 
          YES MA'AM. 
          THANK YOU. 
          SOME OF OUR FEATURED AREAS OF TASTE ADDISON, WE WILL HAVE THE GARDEN, WHICH WILL WE HAVE, UH, THE WINE GROUP SIGNED ON AS A SPONSOR FOR THAT, WHICH WILL OFFER COMPLIMENTARY WINE TASTINGS, THE GROVE. 
          WE WILL HAVE COMPLIMENTARY SPIRITS TASTING, SO COCKTAILS, UM, IN THERE AND A FULL SERVICE BAR. 
          WE WILL HAVE OUR FAMILY FUN LAWN HAVE OFFERING CRAFTS ACTIVITIES AND ATTRACTIONS FOR KIDS. 
          AND OUR MARKETPLACE IS RETURNING WITH DECOR, JEWELRY, SPECIALTY FOOD ITEMS AND MORE. 
          UM, AND WE WILL ACTUALLY HAVE A CON, A VENDOR IN THERE THAT'LL BE SELLING TASTE ADDISON BRANDED MERCHANDISE. 
          SO THAT'LL BE THE OFFICIAL AND WE WILL PUT 'EM AS PART OF THE MARKETPLACE. 
          WE RECEIVED FEEDBACK LAST YEAR THAT MERCH WAS HARD TO FIND, SO WE'RE PUTTING IT RIGHT IN THE MIDDLE OF THE SHOPPING AREA. 
          OUR MUSIC ENTERTAINMENT FOR OUR MAIN STAGE, OUR FRIDAY HEADLINER, THE TEAM IS UM, TRY EXPERIMENTING SLIGHTLY DIFFERENT. 
          UM, ARTIST. 
          WE WILL HAVE SWAY LEE ON FRIDAY NIGHT, WHICH IS A HIP HOP ARTIST. 
          IN THE PAST TWO YEARS WE HAVE DONE FLORY AND LAST YEAR WE HAD LUDICROUS, BUT THEN WE HAD TO SWITCH GEARS AND GO TO SEAN PAUL. 
          UM, BUT SWAY LEE TARGETS THAT YOUNGER DEMOGRAPHIC. 
          WE DID RESEARCH ON OUR EVENT ATTENDEES AND 50% OF OUR EVENT ATTENDEES WERE 21 TO 39. 
          THAT FRIDAY NIGHT HEADLINER COMES ON ABOUT 10:30 PM SO WE'RE TARGETING THAT 21 TO 30 TARGET WITH THIS UM, HIP HOP ARTIST. 
          HE'S TRENDING CURRENTLY, HIP HOP POP, UM, FOR THAT DEMOGRAPHIC. 
          SATURDAY OUR HEADLINER WILL BE BOYS LIKE GIRLS. 
          SO EVERYTHING, I'M SURE YOU GUYS HAVE SEEN ALL THE SALES ON BLINK 180 2 TICKETS, PEOPLE GOING CRAZY. 
          THE TWO THOUSANDS POP PUNK IS UH, VERY TRENDY RIGHT NOW. 
          SO WE ARE ACTUALLY SPLIT OUR DEMOGRAPHIC FOR SATURDAY. 
          WE'RE TARGETING THE 31 AND UP. 
          WE'LL HAVE A FULL DAY HEADLINE, WELL EXCUSE ME, A FULL DAY LINEUP WITH HAWTHORNE HEIGHTS STORY OF THE YEAR BOYS LIKE GIRLS, THIS IS ALL THAT PUMP POP PUNK GENRE. 
          UM, SO WE'LL HAVE FOUR BANDS BEFORE ME THAT DAY. 
          I DON'T HAVE THEM LISTED ON HERE, BUT OUR FIRST BAND THAT WILL COME ON IS ACTUALLY MEET ME AT THE ALTAR. 
          IT'S THE SAME POP PUNK THAT IS TARGETING THE 31 TO 45, UM, FAMILIES WITH FAMILIES AND SINGLE ADULTS. 
          CAN YOU BACK UP TO WHAT YOU SAID ABOUT THE SOMETHING 180 2 THAT SOMETHING THAT WE'VE ALL HEARD ABOUT OR I HAVE NO IDEA WHAT THAT IS. 
          I'M ALL RIGHT NOW. 
          THE EARLY TWO THOUSANDS THAT STAGE THAT SEVERAL PEOPLE WHO ARE NOW IN THEIR 30, THEY'RE LIKE I SAID, 31 TO 45. 
          UM, IT WAS THE MUSIC THEY WERE LISTENING INTO IN HIGH SCHOOL. 
          UM, BLINK 180 2, THOSE TICKETS JUST WENT CRAZY. 
          YOU'LL SEE THEY PROBABLY HAVE HEARD OF THE, UM, WE WERE YOUNG FESTIVAL, IF YOU WANNA LOOK AT THOSE LINEUPS THAT WAS IN LAS VEGAS LAST YEAR WENT WILD. 
          THEY HAD TO EXPAND TO TWO DAYS. 
          UM, SO WE ARE HOPPING ON THAT TREND RIGHT NOW. 
          UM, A LOT OF THIS WILL ALLOW THOSE, ESPECIALLY IF THEY HAVE FAMILIES, THEY CAN COME SPEND THE WHOLE DAY, LISTEN TO THE MUSIC THAT THEY LOVED IN HIGH SCHOOL AS AND BRING THEIR FAMILIES WITH THEM. 
          YOU KNOW, WHEN I, IT'S LIKE ADVERTISEMENT, SO SEE STUFF ON TV AND I'M LIKE, I DON'T EVEN GET IT. 
          MY WIFE ALWAYS TELLS ME, YOU, YOU'RE NOT THE DEMOGRAPHIC THEREAFTER. 
          , WE HAVE THAT CONVERSATION ALL THE TIME. 
          SO YOU, YOU NEED TO GO INTO LIKE A 60 78. 
          AND THEN OUR BULL STAGES ARE SMALLER STAGE, UM, WHICH WE HAVE VARIOUS PERFORMING ARTS INCLUDING BANDS THIS YEAR WE'RE GONNA ACTUALLY SCORE OPTIONS AND HAVING DANCERS AND OTHER FORMS OF ENTERTAINMENT THERE AS WELL. 
          WHEN YOU SAY DANCERS, DO YOU MEAN UM, LIKE DANCE COMPETITION OR PROFESSIONAL DANCERS OR HIGH SCHOOL? I KNOW WE'VE HAD YOUNG, YOU KNOW, LITTLE DANCERS, WHAT RIGHT? A LITTLE BIT OF BOTH. 
          UM, DEPENDING ON WHAT WE CAN FIND. 
          SO TAY ADDISON, THE WAY WE ARE CHANGING IT UP JUST A LITTLE BIT BECAUSE OF OUR CONTINUOUS, UM, STRUGGLES WITH GETTING LOCAL RESTAURANTS, THE FOOD AND THE MUSIC ARE OBVIOUSLY A COMPONENT. 
          WE'RE NOT MARKETING AN SB COMPONENT THIS YEAR. 
          SO THE WAY WE, WITHOUT CHANGING THE NAME AND BLOWING UP THE EVENT, WE ARE ACTUALLY, UM, TASTE AT HOW CAN WE TASTE ADDISON WITH ALL FIVE SENSES. 
          SO INTERNALLY WE SAY THAT AND WE ARE LOOKING AT 
          [00:55:01]
HOW CAN WE GREEN, UM, FOR THIS STAGE, SOME OF THE BANDS, THE SINGER SONGWRITERS THAT PERFORM ON SHERLOCK STAGE ON THE WEEKEND, PERFORM ON THIS STAGE. 
          COULD WE GET GREEN HILL? UM, DO THEY HAVE DANCE TEAMS THAT COULD COME AND PERFORM ON THIS STAGE? SO REALLY BRINGING IT LOCAL, UM, TO TIE INTO THE ADDISON BEAM OF THE EVENT. 
          SO WE, WE WANT, WE'LL DO, WE'LL DO SOME HIRED ENTERTAINMENT, BUT WE'RE ALSO LOOKING AT PARTNERING WITH, IF WE COULD DO DANCE GROUPS, UM, TO SUPPORT THAT AS WELL. 
          HAVE YOU EVER THOUGHT ABOUT DOING SOMETHING THAT WOULD BE A, UM, SOMETHING LIKE, YOU KNOW, WORLD OF DANCE OR SOMETHING THAT'S A MORE NATIONAL STAGE TO BRING IN PEOPLE THAT ARE INTO THAT, YOU KNOW, LIKE YOU DO WITH THE BANDS, YOU KNOW, BRING IN A BIG, YOU KNOW, SO YOU THINK YOU CAN DANCE OR A WORLD OF DANCE OR SOME, YOU KNOW, UM, YOU KNOW, SOMETHING THAT WOULD DRAW A WIDER AUDIENCE. 
          ABSOLUTELY. 
          I THINK WE CAN CERTAINLY EXPLORE THAT JUST PENDING WHAT OUR BUDGET CONSTRAINTS ARE FOR THAT. 
          I HEAR YOU. 
          , WHAT KIND OF PARTICIPATION ARE YOU, UH, PROJECTING FOR THE, FOR THE LOCAL RESTAURANTS? SO WE ACTUALLY, OUR, OUR APPLICATION JUST CLOSED ON FRIDAY AND I AM HAPPY TO REPORT THAT WE HAVE 23 RESTAURANTS SIGNED UP THIS YEAR. 
          SO THAT'S, UH, INCREASED OVER 2022. 
          UM, AND WE HAVE A COUPLE THAT HAVE ASKED FOR AN EXTENSION. 
          SO, UM, THAT'S ABOUT OUR TARGET WAS ABOUT 25. 
          DIDN'T WE USED TO HAVE 50, 50 SOME ODD RESTAURANTS BACK IN THE OLDEN DAYS, LIKE 2008, 2009. 
          SO RIGHT BEFORE THEY SWITCHED OVER TO FORK AND CORK, THEY USED TO ACCEPT ABOUT 50, OVER 50 RESTAURANTS. 
          UM, THEY, YOU START TO RUN OUTTA SPACE ON YOUR EVENT SITE AS WELL AS THERE'S NOT ENOUGH WEALTH TO, FOR THEM ALL TO DO WELL. 
          WE ACTUALLY HAD, WHEN YOU GET TOO MANY VENDORS AND NOT ENOUGH PEOPLE, THERE IS A SWEET SPOT TO THAT. 
          UM, THEY'RE NOT GONNA MAKE ANY MONEY. 
          AND I BELIEVE IN ONE OF THE PRE, THIS WAS PRIOR TO WHEN I WAS HERE, PRIOR TO 2014, THEY ACTUALLY HAD TO REIMBURSE SEVERAL OF THE RESTAURANTS BECAUSE THEY DIDN'T MAKE ANY MONEY. 
          OKAY. 
          THAT'S GOOD. 
          RIGHT? I MEAN, NOT THAT THEY DIDN'T MAKE MONEY, I MEAN  GOOD. 
          I THINK THIS YEAR YOU HAD A COUPLE OF RESTAURANTS THAT DIDN'T SHOW UP, SO YOU, YOU GOT SOME OPEN SPOTS. 
          DO YOU HAVE A COUPLE ON THE WAITING LIST OR ARE YOU PLANNING ON THAT? SO WHAT WE DID WAS WE, ANY ADDISON, A FOOD ESTABLISHMENT THAT APPLIED GOT IN, UM, THAT WAS WITH THAT, WHAT WE DO IS WE ACTUALLY ACCEPT SOME CONCESSIONAIRES TO ONE, UM, ALLEVIATE LINES AS WELL AS IF WE HAVE ANY DROPOUTS. 
          SO WE DID INCREASE THAT NUMBER. 
          UM, WE'LL ACCEPT ABOUT FIVE CONCESSIONAIRES IN AS WELL AS A WAITING LIST. 
          IF WE HAVE RESTAURANTS THAT HAVE TO DROP OUT AT THE LAST MINUTE, WE HAVE A BACKUP PLAN. 
          THAT'S GOOD. 
          IS THAT 25 WITH THE CONCESSIONAIRES OR WITHOUT? UM, THAT'LL BE WITH, THAT'S WITHOUT, SO WE HAVE A A FEW EXTRA. 
          YEP. 
          USUALLY FOR THIS EVENT, BECAUSE RESTAURATEURS ARE NOT USED TO THE VOLUME EVENT OF EVENTS AS THE CONCESSION IS, WE ACTUALLY, UM, ACCEPT MORE RESTAURANTS WITHIN A SWEET SPOT. 
          UM, BECAUSE THEY DON'T HAVE AS FAST OF TICKET TIMES AS A CONCESSION AIRPORT. 
          SO WITH THAT, WE, UM, DID OFFER A TWO DAY BOOTH. 
          UM, WE HAVE, WE CHARGE A FLAT FEE FOR THE RESTAURANTS, JUST A $600 FEE THAT THEY CAN GET 10 BY 10, 10 BY 20. 
          WE DID NOT INCREASE THIS. 
          THIS HAS BEEN POPULAR WITH THEM THE LAST FEW YEARS. 
          IT'S, IT'S INTENTIONAL TO SUPPORT THEM. 
          UM, THEY ALREADY STRUGGLE DOUBLING THEIR STAFFING AND EFFORTS ON THE TWO BUSIEST NIGHTS OF THE WEEK. 
          SO WE'RE NOT LOOKING AT MAKING MONEY OFF OF THEM. 
          WE ARE LOOKING AT HAVING THEM AS A HUGE COMPONENT FOR THE EVENT. 
          HOW ARE THEY GONNA, WHAT, WHAT DID WE DECIDE ON THE CONCESSIONAIRE THAT'S BUILT INTO ADDISON CIRCLE CLUB? HE'LL BE OPEN DURING ALL THREE EVENTS THIS YEAR. 
          SO THEY'LL BE A, AS PART OF THE OKAY. 
          HE'S BASICALLY ANOTHER FOOD VENDOR. 
          OKAY. 
          UM, THE CONCESSIONAIRES, WE, WE ONLY OFFER THAT FLAT FEE TO ADDISON FOOD ESTABLISHMENTS. 
          SO IF IT'S A CONCESSIONAIRE, WE DO CHARGE THEM A REFUNDABLE DEPOSIT AND THEY, WE, THEY PAY A 20% REVENUE SHARE. 
          AND AS I MENTIONED, WE'RE ACCEPTING THEM ONLY TO KEEP UP WITH THE VOLUME OF THE EVENT. 
          UH,  YES SIR. 
          SINCE WE ALREADY GOT FOOD PERMIT AS LOCAL RESTAURANT. 
          MM-HMM. 
          . 
          BUT FOR CONCESSIONAIRES THEY'RE GOING TO APPLY FOR TEMPORARY, THEY HAVE TO APPLY, UM, IF THEY'RE FOOD TRUCK, THEY HAVE TO HAVE THE MOBILE FOOD UNIT PERMIT. 
          OKAY. 
          YES SIR. 
          ALL RIGHT. 
          SO THE EXISTING FOOD TRUCK. 
          YES. 
          CORRECT. 
          AND IS IT DONE BY TICKETS? IS THAT HOW THE REVENUE SHARE IS DETERMINED? HOW DO YOU KNOW WHAT THAT 20% IS? WE'VE BEEN UTILIZING THE P O S SYSTEM. 
          THEY HAVE TO TURN IN SPECIFIC REPORTS AFTER THE EVENT AND THEN WE TAKE OUR 20% OFF OF THAT. 
          SOMETHING NEW THAT WE'RE, UM, TRYING 
          [01:00:01]
THIS YEAR BASED OFF OF FEEDBACK THAT WE RECEIVED LAST YEAR. 
          WE STRUGGLED A LOT WITH WATER. 
          IT WAS HOT. 
          PEOPLE DIDN'T WANNA WAIT IN LINE JUST TO GET A BOTTLE OF WATER. 
          SO WE'RE INTRODUCING THIS NEW MODEL THIS YEAR WHERE WE'RE GONNA PUT VARIOUS WATER STANDS. 
          ALL THEY DO IS SELL WATER FOR LESS THAN $2 A BOTTLE. 
          YOU SEE 'EM AT THE STATE FAIR. 
          UM, WE'RE ACTUALLY LOOKING AT PARTNERING WITH A LOCAL NONPROFIT, BRINGING IN THAT LOCAL TIE. 
          UM, WE'VE HAD SOME CONVERSATIONS WITH METROCREST, UM, AND SO WE'LL HAVE THOSE ACROSS ALL THREE EVENTS. 
          YOU MEAN METROCREST SERVICES? YES SIR. 
          OKAY. 
          ON THE NON, ON THE REFUNDABLE DEPOSIT FOR THE CONCESSION ERRORS IS THAT THEY HAVE THE DEPOSIT AND THEN AS THEY FILL THE 20%, THEN THAT'S TAKEN OFF, BACK OFF OR THEY GET IT? YES SIR. 
          THEY GET IT BACK. 
          UM, IT'S JUST SO THAT THEY HAVE SKIN IN THE GAME. 
          UM, THEY ACTUALLY, IF THEY DROP OUT ON US LAST MINUTE, THEY DON'T GET IT BACK AND IT'S TO COVER OUR HARD COSTS THAT WE WOULD LOSE. 
          GOOD. 
          UM, FOR KA BOONTOWN THIS YEAR WE'LL BE ON A MONDAY, JULY 3RD, SAME HOURS AS LAST YEAR. 
          FIVE TO 11:00 PM WE ARE GOING TO CONTINUE WITH FREE ADMISSION FOR ALL AGES. 
          THE HOTEL PACKAGE INCLUDES THE SAME NET COOLING TOWEL THIS YEAR, GUARANTEED ADMISSION FOR UP TO SIX. 
          AND THEN WE HAVE ADDED, WE'RE GOING TO ADD A PARK AND TEXAS FAST LANE BECAUSE OF THE POPULARITY OF THE EVENT, THE LINES GET SUPER LONG, SO HOTEL PACKAGES CAN JUST GO AROUND AND SKIP THAT AND GET RIGHT IN. 
          UM, WE WILL CONTROL TICKETS WITH ADVANCED TICKET REGISTRATIONS, WHICH WILL BE USED TO MANAGE CAPACITY, UM, REDUCE REDUCING CROWDING AT THE GATES AND IT PROMOTES SUPPORT FOR RESTAURANT HO WASH, EXCUSE ME, RESTAURANT WATCH PARTIES AND HOTEL BOOKINGS. 
          UM, WE WILL DO AN EARLY TICKET RELEASE AS WE'VE DONE THE LAST TWO YEARS FOR ADDISON RESIDENTS. 
          SO THEY'LL HAVE FIRST DIBS, UM, BEFORE WE RELEASE THEM TO THE PUBLIC, THE ADDISON CIRCLE PARK FESTIVAL. 
          WE WILL CONTINUE WITH OUR LIVE JAZZ VAN AT THE ENTRY GATES THIS YEAR. 
          WE'RE GOING TO HAVE COMPLIMENTARY PERFORMANCES BY THE 35TH 36TH INFANTRY DIVISION. 
          THEY'LL DO R AND B IN A ROCK BAND. 
          UM, WE WILL ALSO HAVE LIVE MUSIC CONTINUE FOR ONE HOUR AFTER THE FIREWORKS. 
          I DIDN'T KNOW WHO THIS BAND WAS GOING TO BE, BUT NOW I DO. 
          IT'LL BE EMERALD CITY. 
          SO WE'RE IN THOSE CONVERSATIONS. 
          UM, THAT'S GOOD. 
          AND THEN THIS YEAR SINCE OUR SITE, WE GOT OUR SITE MAP IS CHANGING JUST SLIGHTLY LAST YEAR WE DID A SPLASH ZONE, UM, DOWN IN THE FIELD SOUTH, THE GREEN SPACE SOUTH OF ADDISON CIRCLE PARK. 
          WE'LL ACTUALLY BE MOVING THIS INTO THE PARK. 
          IT MAY OR MAY NOT BE WATER ATTRACTIONS DEPENDING ON WHAT OUR SITE MAP WILL SUPPORT. 
          SO WE'RE STILL WORKING THROUGH THIS. 
          UM, BUT IT'LL BE PAID ACTIVITIES AND ATTRACTIONS FOR KIDS. 
          SO IT'LL SOMETHING FOR THEM TO DO WHILE WE'RE WAITING FOR FIREWORKS. 
          UM, AND AS ALWAYS, OUTSIDE COOLERS WILL PERMIT BE PERMITTED AND WE'LL HAVE FOOD AND BEVERAGE CONCESSIONS FOR SALE. 
          OUR TOWN-WIDE FESTIVITIES OF COURSE INCLUDE THE ADDISON AIRPORT AIR SHOW. 
          WE'RE ACTUALLY WORKING WITH THE AIRPORT STAFF ON THE 2023 DESIGN. 
          WHAT THIS WILL LOOK LIKE, UM, RIGHT NOW. 
          AND THEN OUR FIREWORKS HAVE A 9:30 PM LAUNCH. 
          AS ALWAYS, WITH THE FEEDBACK WE RECEIVED ON THE SOUNDTRACK LAST YEAR, WE'RE GONNA CONTINUE WITH THE TRADITIONAL SOUNDTRACK AND JUST KIND OF PUT IN THERE A FEW MIX OF CURRENT AND PAST FAVORITES. 
          AND THEN ADDISON OCTOBERFEST. 
          WE'RE GOING THE FOUR DAYS OF THE EVENT ON THURSDAY THROUGH SUNDAY HOURS HAVE NOT CHANGED EXCEPT SUNDAY WE'RE GOING TO, WE'VE WENT BACK TO 12 TO 6:00 PM UM, WE'VE ENDED AT 5:00 PM THE LAST COUPLE OF YEARS. 
          WE'VE EXTENDED IT THAT LAST HOUR CAUSE PEOPLE DON'T WANNA GO HOME ON SUNDAY, SO WE'RE GONNA LET THEM DRINK BEER JUST A LITTLE BIT LONGER. 
          UM, OUR GENERAL ADMISSION TICKETS FOR 10 AND UP WILL BE $10 ON FRIDAY AND SATURDAY. 
          AND WE'VE CONTINUED WITH THE FREE THURSDAY AND SUNDAY AGES NINE AND UNDER ARE FREE DAILY THIS YEAR. 
          OUR TICKET PACKAGES INCLUDE THE ADDISON OCTOBERFEST PACKET. 
          SO THOSE HAVE SOLD OUT EVERY YEAR. 
          WE ADDED, WE INCREASED HOW MANY WE WILL HAVE. 
          UM, AND THOSE WILL BE $20. 
          AND THIS YEAR, AS I MENTIONED, THE PARTY HALL DECK TABLES, UM, ON THURSDAY, SOLD OUT IN AN HOUR FRIDAY, SOLD OUT VERY SHORTLY AFTER. 
          SO THIS YEAR WE'RE GONNA ACTUALLY OFFER THAT RESERVE TABLE FOR ALL FOUR DAYS OF THE EVENT, INCLUDING SUNDAY, BECAUSE SUNDAY WILL NOW HAVE THE DACHSUND DASH IN THERE. 
          UM, WE'RE LOOKING AT PUTTING A SCREEN UP SO YOU CAN SEE IT EVEN FROM THE BACK. 
          UM, AND THEN, WE'LL, THE PRICE WILL VARY. 
          SO THURSDAY AND SUNDAY ARE THE SAME PRICE AT $300 A TABLE. 
          WE WENT UP ON FRIDAY AND SATURDAY AT 400 AND 500 BECAUSE I BELIEVE COUNCIL MENTIONED WE WEREN'T CHARGING ENOUGH. 
          THEY SOLD OUT. 
          SO WE'RE ADDING MORE TABLES UP THERE, BUT STILL KEEPING THAT V I P EXPERIENCE. 
          HOW MANY TABLES DO YOU HAVE THIS YEAR? WE'RE GOING TO ADD 23. 
          PREVIOUS WE HAVE TOTAL. 
          AND ON THE DECK 
          [01:05:01]
IT'S 23 TOTAL. 
          OKAY. 
          LAST YEAR WE ONLY SOLD, I BELIEVE IT WAS 14, BECAUSE WE, WE WENT OFF OF THAT MODEL OFF OF COVID. 
          WE WERE TRYING TO GIVE PEOPLE ENOUGH SPACE. 
          YEAH. 
          BUT YOU ALL HAVE BEEN UP THERE. 
          THERE'S AN, THERE'S STILL A SWEET POT. 
          WE CAN STILL SQUEEZE SOME UP THERE AND STILL NOT BE CROWDED. 
          YEAH. 
          SO WE'LL STILL KEEP THAT KEY COMPONENT IN THERE. 
          UM, AND THEN THE HOTEL PACKAGE, WE DIDN'T CHANGE. 
          WE HAVE A LOT OF COLLECTORS THAT COME TO GET THE, THE YEARLY STEIN, THE YEARLY PIN EVERY YEAR. 
          UM, AND IT'LL INCLUDE THE FORGED SINGLE DAY GENERAL ADMISSION TICKETS, THE COMMEMORATIVE STEINS BEER TOKENS, AND THE COMMEMORATIVE OF HELP PENS FOR OCTOBERFEST. 
          UM, OUR FEATURED AREAS WE'RE NOT CHANGING UP TOO MUCH. 
          PARTY HALL WILL STILL CONTINUE WITH THE OPEN AIR TENT DANCE FLOOR AND THE PARTY HALL DECK. 
          WE WILL BE LOOKING AT ADDING SOME MORE FANS AND THINGS IN THERE. 
          I BELIEVE PEOPLE WERE A LITTLE HOT, BUT WE'RE GONNA KEEP THE WALLS UP, UH, OFF BECAUSE OF THE POPULARITY. 
          WE HAVE THE DRAFT HOUSE BEER GARDEN, UM, WITH THE OUTDOOR SCREENS FEATURING FOOTBALL, THE KLEIN HALL, INDOOR SEATING WITH LIVE ENTERTAINMENT. 
          THIS PLACE WAS HOP IN THIS PAST YEAR. 
          SO WE'RE GONNA KEEP FORWARD WITH BACK KINDERS OUT. 
          UM, OFFERS, ACTIVITIES AND GAMES FOR KIDS AND KIDS AT HEART. 
          UM, WE WILL HAVE THE FALLER BEER GARDEN WITH OUTDOOR SEATING AND BEER GAMES AND OUR MARKET PLOTS, WHICH IS CRAFT AND SPECIALTY FOOD ITEMS. WE'LL, WE'LL STILL HAVE THE MER THE AUDIT, EXCUSE ME, THE OCTOBERFEST BRANDED MERCHANDISE IN THIS AREA AS WELL. 
          A COUPLE OF NEW PROMOTIONS. 
          SO WE ACTUALLY ARE GOING TO CHANGE SUNDAY TO SUNDAY HYUNDAI. 
          AND YOU CAN ACTUALLY BRING YOUR DOG TO OCTOBERFEST. 
          UM, THEY WILL NOT BE ABLE TO GO TO INSIDE AREAS. 
          UM, WE'VE BEEN IN CONVERSATIONS WITH OUR POLICE OFFICERS AS WELL AS ENVIRONMENTAL HEALTH TO MAKE SURE THAT WE CAN SAFELY SUPPORT THIS. 
          UM, BUT PINTS AND PUPS, AS I'VE MENTIONED, HAS, IT'S VERY POPULAR. 
          THERE'S A LOT OF PEOPLE WITH THEIR FUR BABIES. 
          WE'VE GOTTEN A LOT OF QUESTIONS OF, CAN I BRING MY DOG TO OCTOBERFEST? UM, SO WE'LL PUT SEVERAL CONTROLS IN PLACE, UM, LIKE ADDISON ANIMAL CONTROL, UM, TO MAKE SURE WE LOOK AT THAT. 
          UM, THAT'S AN EFFORT TO INCREASE ATTENDANCE ON SUNDAY. 
          AND THEN THE DOCKS AND DASHES, I MENTIONED THE NEW LOCATION AND THE ENHANCED COM COMPETITION. 
          SO WE'RE ADDING THE GOLDEN DAWON AS THE TROPHY AND SO COLLECTOR. 
          THAT'S COOL. 
          MAKE THAT AWARD. 
          UM, AND THIS YEAR WE'RE WORKING ON SOME SORT OF CARNIVAL. 
          IT HAS BEEN A BIT OF A STRUGGLE GIVEN THE FOOTPRINT. 
          WE DID RECEIVE A LOT OF FEEDBACK LAST YEAR THAT PEOPLE MISSED THE CARNIVAL. 
          UM, SO WE'VE BEEN RESEARCHING CARNIVAL VENDORS, UM, AND DIFFERENT, THEY'LL HAVE TO BE SMALLER. 
          THEY'RE NOT GONNA BE MAJOR THRILL RIDES, LARGE RIDES CUZ OF THE SPACE THAT WE DON'T WE HAVE. 
          BUT WE WILL LOOK AT OFFERING SOME SORT OF RIDES AND ATTRACTIONS FOR, UM, KIDS AS WELL AS THAT TEEN AGE, THAT TWEEN AGE RIGHT THERE. 
          UH, CUZ WE HAD A LOT OF FEEDBACK. 
          THERE WASN'T THINGS FOR THEM TO DO. 
          AND THAT'S IT. 
          CAN YOU GO BACK TO THE, ON THE, THE V I P TICKET FOR THE TOWN TASTE ADDISON? YES. 
          SO, UM, I KNOW THERE WAS SOME ISSUES WITH, I HAD HEARD SOME THINGS WHEN WE WERE, WERE HAVING SOME ISSUES WITH. 
          I HEARD SOME COMMENTS, YOU KNOW, FROM PEOPLE SAYING THAT THEY PAY A LOT OF MONEY AND THEN THERE WERE ISSUES WITH, YOU KNOW, THE TOKENS NOT BEING ABLE TO USE THE TOKENS EVERYWHERE. 
          OKAY. 
          AND DID WE OVERCOME THAT THIS LAST YEAR? WAS IT THE YEAR BEFORE? I THINK, I BELIEVE THAT WAS TWO YEARS AGO. 
          UHHUH . 
          UM, SO WE HAVE, THE TOKENS CAN ONLY BE REDEEMED AT THE FESTIVAL BEER TENTS CUZ WE DO ONLY HAVE CERTAIN LOCATIONS WITH OUR PARTNERING. 
          UM, THAT'S FINE ON THE BEVERAGES, BUT THEY, THEY'RE MULTIPLE AS WELL AS WE PUT A PRIVATE BAR IN THERE MM-HMM. 
          . 
          SO THEY CAN BE JUST TAKEN RIGHT THERE. 
          YOU DON'T HAVE TO GO OUT INTO THE PARK AND REDEEM THOSE AT THOSE LINES. 
          SO YOU CAN DO BOTH. 
          DO YOU FEEL LIKE THAT, UM, THAT IF I PURCHASE ONE OF THE V I P TICKETS FOR $60, THEN I WILL FEEL LIKE I WANNA DO IT AGAIN NEXT YEAR? THAT IS OUR, THAT'S OUR GOAL OF OUR EFFORTS. 
          THAT'S WHY WE ARE ADDING SPECIALTY ENTERTAINMENT IN THERE. 
          UM, YOU'RE, YOU'RE PAYING THIS YEAR FOR THE VIEWING DECK. 
          THAT'S WHERE WE'RE GONNA IMPROVE, UM, AS WELL AS THE INDOOR AIR CONDITIONED LOUNGE, BECAUSE THAT'S THE ONLY PLACE IN, IN A CLEAN RESTROOM OR PRIVATE BAR AS WELL AS THERE'S GONNA BE SOME ENTERTAINMENT IN THERE THAT YOU CAN, UM, WATCH. 
          NOT THAT ONLY THE VIPS GET ACCESS TO. 
          YES. 
          IS THAT WHAT YOU'RE SAYING? OKAY, MAAM. 
          AIR CONDITIONING WAS WORTH 30 BUCKS. 
          , DEFINITELY. 
          OKAY. 
          ANY QUESTIONS? NO, NO, MA'AM. 
          ALL RIGHT. 
          THANK YOU SO MUCH. 
          YES, THANK YOU. 
          ALL 
          [4.  Present and Discuss the Airport Quarterly Report for the Fiscal Year 2023 First Quarter Ended December 31, 2022.]
RIGHT. 
          ITEM FOUR, PRESENT. 
          DISCUSS 
          [01:10:01]
THE AIRPORT EQUALITY REPORT FOR THE FISCAL YEAR 2023. 
          FIRST QUARTER ENDED DECEMBER 31ST, 2022. 
          JOE, UH, GOOD EVENING, MARION COUNSEL. 
          THIS IS THE, UH, I THINK FIFTH, FIFTH EDITION OF THIS. 
          IT'S THE FIRST QUARTER UPDATE OF THE ADDISON AIRPORT FOR THE FISCAL 2023, AND THIS COVERS SOME MONTHS OF OCTOBER, NOVEMBER, DECEMBER. 
          SORRY. 
          UH, JUST GONNA GO THROUGH THE STATISTICS AND WHAT PROJECTS WE'VE GOT GOING. 
          WHAT IS THE STATUS OF THOSE? UM, IF YOU LOOK AT THE FIRST QUARTER OF 23, THIS IS AIRCRAFT OPERATIONS. 
          IT WASN'T QUITE AS GOOD AS IT WAS A YEAR AGO, BUT I WILL POINT OUT THAT A YEAR AGO WAS MUCH BETTER THAN NORMAL FOR TWO REASONS. 
          ONE WAS JUST THE OVERALL BUSINESS CONDITIONS, AND THE SECOND WAS THE RUNWAY CLOSURE AT NORTHFIELD, DRIVING A LOT OF TRAFFIC UP TO ADDISON. 
          UH, IT'S STILL A VERY GOOD, UH, FIRST QU FIRST QUARTER OF THE YEAR. 
          I DO WANNA POINT THAT OUT. 
          SO DOWN A LITTLE BIT FROM LAST YEAR. 
          UH, BUT UP OVER THE, THE PRIOR YEAR AND, UH, GOOD RESULTS OVERALL, UH, INTERNATIONAL OPERATIONS, UH, VERY SIMILAR TO FIRST QUARTER OF LAST YEAR. 
          SO OUR CUSTOMS HAS CONTINUED TO DO QUITE WELL, UH, THAT, THAT BUSINESS HAS SLOWLY BEEN PICKING UP. 
          AND, UH, I THINK THAT WE'VE GOT SOME GOOD THINGS IN THE WORKS ON THAT. 
          AND, UH, LOOKING FORWARD TO SEEING MORE IMPROVEMENTS IN THE CUSTOMS TRAFFIC. 
          UH, AND YOU'LL NOTICE THAT THE LAST TWO YEARS WERE, WERE MUCH BETTER THAN ANY YEARS PRIOR. 
          SO THAT NEW FACILITY I THINK'S REALLY HELPING US OUT. 
          SO STAND A LITTLE BIT FROM, FROM THE LAST YEAR, UH, BUT AGAIN, UP QUITE A BIT OVER PREVIOUS YEARS. 
          AND SO GOOD, GOOD TRENDS THERE. 
          UH, FUEL FLOWAGE, UH, AGAIN, UH, LAST YEAR WAS, WAS JUST A MONSTER YEAR. 
          WE, WE HAD THREE OF THE FIVE HIGHEST MONTHS FOR FUEL ON RECORD, UH, AS FAR BACK AS 1999. 
          SO, UH, AGAIN, VERY SOLID FIRST QUARTER THIS YEAR. 
          UH, BUT JUST NOT QUITE AS GOOD AS WHAT, WHAT THE FIRST QUARTER WAS LAST YEAR. 
          AND SAME REASONS BEHIND THAT. 
          SO DOWN A LITTLE BIT, UH, AVGAS PRETTY MUCH STAYS ABOUT THE SAME. 
          IT'S REALLY THE, THE JET FUEL THAT, UH, THAT'S THE BIG DOG FOR ADDISON, ABOUT 90% PLUS IS JET FUEL. 
          UM, REVENUE TRENDS LOOKING VERY GOOD. 
          OUR REAL ESTATE REVENUE IS, UH, INCREASING AND A LOT OF THAT IS THE NEW GROUND LEASES COMING ONLINE. 
          UH, GALAXY FBO BEING ONE, AND THERE'S SOME MOTHERS COMING DOWN THE PIPE. 
          SO THAT WILL CONTINUE TO IMPROVE AND HAVE TO RECOGNIZE MR. DYER'S GOOD WORK SINCE HE'S HERE. 
           THAT, UH, HE'S BEEN WORKING REAL HARD AND, UH, SHOULD HAVE A COUPLE MORE OF THOSE COMING ONLINE IN THE NEXT YEAR. 
          SO, UM, SO GOOD RESULTS ON THAT. 
          AND, UH, REALLY, UH, STRONGEST FIRST QUARTER WE'VE HAD IN REVENUE, UH, THE AIRPORT REAL ESTATE PORTFOLIO. 
          WE'RE NOW DOWN TO 33 GROUND LEASE PROPERTIES. 
          SO JUST FOR SOME CONTEXT ABOUT, UH, A LITTLE MORE THAN 10 YEARS AGO, I THINK THAT WAS IN THE FIFTIES. 
          SO, UH, THE NUMBER OF SMALLER GROUND LEASES THAT HAVE COME BACK AND REVERTED TO TOWN OWNERSHIP, UH, HAVE BEEN KIND OF CONSOLIDATED AND, UH, COMBINED. 
          YEAH. 
          SO THAT NUMBER IS DWINDLING, BUT UH, IT'S STILL PRODUCING THE BIGGEST CHUNK OF OUR REVENUE RIGHT THERE. 
          UM, JUST IN TERMS OF THE REVENUE, WE ARE, UH, AHEAD OF PROJECTIONS FOR THE YEAR TO DATE. 
          AND ACCESS PERMIT FEES ARE PAID IN JANUARY AND JULY, SO THOSE ARE NOT COMING DUE JUST RIGHT NOW. 
          IT'S WHY YOU DON'T SEE ANYTHING IN THERE FOR ACCESS PERMITS. 
          UH, AND GALAXY FBO, I'M HAPPY TO THAT THEY STARTED FULL OPERATIONS IN NOVEMBER. 
          THEY'VE HAD TWO FULL MONTHS THAT THEY DID QUITE WELL. 
          UH, MORE THAN 120,000 GALLONS IN EACH OF THOSE TWO MONTHS. 
          UH, SO THAT'S A VERY GOOD START. 
          UM, WE HAD ANOTHER STARTUP FBO SEVERAL YEARS AGO THAT I DON'T THINK THEY EVER DID THAT MUCH IN A MONTH. 
           THEY WERE STRUGGLING TO DO THAT IN A QUARTER. 
          HAVE YOU GOTTEN ANY FEEDBACK FROM THEM VERBALLY ABOUT HOW THEY'RE LAUNCHING? OTHER THAN I, I THINK THEY'RE QUITE HAPPY WITH HOW THINGS ARE GOING. 
          THEY FEEL LIKE THEY'RE ON TRACK AND, AND THEY BELIEVE THAT THEY HAVE SOME CUSTOMERS THAT ARE GONNA CONTINUE TO MOVE INTO THE HANGAR. 
          AND NOW, NOW THAT THEY'RE OPEN, IT JUST TAKES A WHILE TO MAKE THOSE MOVES. 
          SO I, I THINK THAT THEY'RE CONTINUING TO DO WELL, AND I EXPECT THOSE NUMBERS TO GROW. 
          UM, SOME OF THE PROJECTS AND THINGS WE HAD GOING ON, 
          [01:15:01]
UH, I THINK MANY OF YOU WERE, UH, PRESENT WHEN THE, UH, FIFA WORLD CUP TROPHY, UH, CAME TO ADDISON. 
          UH, THAT WAS PRETTY COOL. 
          I THINK THAT WAS THE FIRST AND ONLY AIRBUS WE'VE EVER HAD AT THE AIRPORT, SO THAT WAS A NICE LITTLE THING. 
          UH, AND TALKING ABOUT GALAXY FBO, THEY OFFICIALLY OPENED FOR BUSINESS IN NOVEMBER. 
          THEY, THEIR VERY FIRST WEEK OF BUSINESS, THEY HOSTED THAT WORLD CUP TROPHY. 
          SO THEY HAD A REALLY GOOD KICKOFF WEEK. 
          UH, AND AGAIN, THEY, THEY DID REALLY, UH, HAVE A STRONG START IN THEIR FIRST TWO MONTHS OF OPERATION. 
          SO WE'RE, WE'RE QUITE HAPPY WITH HOW THAT'S GOING. 
          SO I THINK, I THINK THEY'RE GONNA CONTINUE TO GROW AND, UH, CONTINUE TO DO WELL. 
          UH, ONE THING THAT THEY DO OFFER THAT, UH, WE'VE KIND OF BEEN LACKING AT ADDISON IS A VERY LARGE RAMP WHERE YOU CAN COME IN, PARK THE AIRPLANE AND NOT HAVE TO HAVE IT TOWED TO GET OUTTA THE WAY THE NEXT GUY. 
          AND THERE'S A CATEGORY OF USERS THAT, UH, DON'T WANT THEIR AIRPLANES TOWED. 
          SO WHEN THEY COME IN AND PARK IT, THEY WANT IT TO STAY WHERE IT IS. 
          AND WE'VE BEEN AVOIDED BY THOSE KINDS OF USERS BECAUSE THAT'S NOT HOW THE OTHER FBOS ARE ABLE TO OPERATE, JUST BECAUSE OF THE LACK OF RAMP SPACE AT THEIR TRANSIENT FACILITIES. 
          SO THIS WILL OPEN US UP TO A DIFFERENT CLASS OF USER THAT WAY. 
          I THINK THAT'S A GOOD THING. 
          THE PICTURE ON THE LAST SLIDE THAT YOU WERE ON, THE BLACK JET ON THE RIGHT. 
          YES, SIR. 
          YEAH, THAT'S A GREAT PICTURE WITH THE ADDISON WATER TOWER BEHIND THE STRUCTURE IN THE BACK. 
          IT IS A WEIRD PAINT JOB ON THE AIRPLANE. 
          NO, I'M GONNA SEE IT. 
          AIRPLANE. 
          YES, IT'S A, IT'S A NICE BIG AIRPLANE TO SEE ON THE RAMP. 
          WE'RE HAPPY TO SEE THEM. 
          AND, AND IT'S, THEY, THEY DID THIS WELL WITH THEIR BRANDING IN THE BACK, UH, WITH ADDISON LOGO RIGHT BEHIND THEM. 
          , UM, WANT TO GIVE SOME RECOGNITION TO MILLIONAIRE. 
          UH, FOR THE FIRST TIME EVER, THEY, THEY SOLD 6 MILLION, OVER 6 MILLION GALLONS OF JETTA. 
          UH, THEY PASSED THAT MILESTONE ON DECEMBER 27. 
          THAT WAS IN THE CALENDAR YEAR 22. 
          UH, SO THEY TOOK A LITTLE GROUP PHOTO AND THEY WERE VERY HAPPY. 
          WE WERE VERY HAPPY FOR 'EM. 
          WE GET 14 CENTS A GALLON OUT OF THAT. 
          SO THAT'S A LOT OF MONEY GOING TO THE AS AIRPORT AND HELPING US FIX SOME THINGS THERE. 
          UPKEEP THE AIRPORT. 
          SO, UH, THAT IS A HUGE NUMBER FOR ANY FBO AND JUST, YOU KNOW, VERY GRATIFYING TO SEE 'EM HAVE SUCH A GOOD YEAR. 
          UM, COUPLE OF PROJECTS THAT, UH, ARE, ARE UNDERWAY. 
          UH, SKY SQUARED IS THE, UH, FOLLOW ON DEVELOPMENT TO SKYING AND B, THEY STARTED SOME PRELIMINARY SITE DEMOLITION, HAVING A LITTLE BIT OF SOIL REMEDIATION THERE. 
          UH, HOPEFULLY IT'S NOT GONNA COST US TOO MUCH. 
          AND, UH, THEIR SITE PLAN AND, AND, UH, DRAWINGS ARE IN REVIEW THROUGH THE DEVELOPMENT REVIEW PROCESS. 
          UH, ATLANTIC AVIATION IS STILL PLANNING THEIR B AND PUTTING PICTURES OF THAT ONE IN HERE. 
          THEY HAVEN'T STARTED DEMOLITION CONSTRUCTION YET, BUT THEY ARE IN REVIEW AGAIN WITH DRC GOING THROUGH THOSE PLAN REVIEWS THAT ARE REALLY IMPORTANT TO MAKE SURE WE GET EVERYTHING RIGHT. 
          SO THAT REMEDIATION, SOIL REMEDIATION WAS UNEXPECTED? NO, NOT REALLY. 
          UH, THAT WAS THE SITE OF THE OLD OWENS FLIGHT LINE HANGAR AND WE NEED A DONE SOME MAINTENANCE IN THERE. 
          UH, AND IT'S JUST, IT WAS AN OLD SITE, WASN'T REALLY UNEXPECTED. 
          OKAY. 
          AND IT'S NOT, IT'S NOT BAD. 
          IT'S MAYBE COST US, YOU KNOW, FIVE, $10,000 TO GET RID OF THE DIRTY DIRT. 
          RIGHT. 
          SO IT'S NOT TOO BAD AS THOSE THINGS GO, IT'S NOT A SUPER FUN SITE OR ANYTHING CRAZY LIKE THAT. 
          THERE'S, YEAH. 
          UH, SKY HARBOR PHASE ONE IS THE FORMER JETPORT SITE. 
          UH, THEY'RE MOVING QUITE, QUITE WELL WITH THEIR, UH, PLANTS. 
          THEY DO HAVE TO GO BACK TO, UH, PLANNING AND ZONING, UH, BECAUSE THEY CHANGED SOME OF THE FACADES ON THEIR, UH, BUILDINGS. 
          AND SO THAT'LL GO THROUGH ANOTHER REVIEW WITH P AND Z AND THEY'RE GONNA START MOVING ANY DAY NOW AND GETTING THE DIRT MOVING. 
          WE'LL, WE'LL SEE HOW THAT GOES. 
          THEY DID, UH, GET APPROVED FOR SKY HARBOR PHASE TWO, WHICH IS ON THE TAXI LANE UNIFORM SITE. 
          AND THEY'RE WORKING ON THEIR SITE PLAN FOR THAT. 
          UH, FOR THE AIRPORT, UH, WE ARE WORKING ON, UH, UH, THIS IS THE FEDERALLY AND STATE GRANT FUNDED PROJECTS. 
          UH, WE'RE IN DESIGN FOR TAXI WAVE BRAVO, UH, EXTENSIONS. 
          WHAT YOU SEE THERE IS THE FULL THREE PHASE PROJECT THAT THE PRELIMINARY ENGINEERING REPORT KIND OF LOOKED AT. 
          UH, THAT THAT'S GOING TO BE EVENTUALLY A FULL LENGTH PARALLEL TAXI WAVE ON BOTH SIDES OF THE AIRPORT. 
          UH, AND THE PHASE THAT WE'RE CURRENTLY IN IS ACTUALLY THE BLUE SHADED AREAS. 
          SO THE GREEN WOULD BE PHASE TWO AND THE RED WOULD BE RECONSTRUCTION OF THE EXISTING AND PHASE THREE, UH, NEITHER PHASE TWO NOR PHASE THREE HAS BEEN FUNDED YET. 
          BUT, UH, PHASE ONE DOES HAVE FUNDING. 
          UH, WE EXPECT TO, UH, ADVERTISE NEXT MONTH, UH, FOR BIDS. 
          SO FINAL DESIGN IS, IS WHERE THEY ARE RIGHT NOW. 
          THEY'RE WORKING ON FINAL DESIGN. 
          UH, AND WE ARE GOING TO ADVERTISE WITH, UH, A BASE BID AND THREE AD 
          [01:20:01]
ALTERNATES CUZ CONSTRUCTION PRICES HAVE GONE UP. 
          WE THINK IT IS GOING TO EXCEED THE AVAILABLE FUNDING AND WE JUST WANT TO BE ABLE TO AWARD AS MUCH AS POSSIBLE ON THAT. 
          AND WE HAVE APPLIED FOR ADDITIONAL FUNDING, UH, THROUGH A SUPPLEMENTARY REQUEST, WHICH I TALK ABOUT ON THIS. 
          SO WE'VE GOT 5.8 MILLION ESSENTIALLY COMMITTED ALREADY WITH OUR OWN FUNDS. 
          AND, UH, TEXTA DOESN'T HAVE ANY MORE MONEY THAN THAT. 
          THE ESTIMATE OF PROBABLE COST IS A LITTLE OVER 10 MILLION. 
          THAT'S FOR THE BASE PLUS ALL THREE AT ALTERNATES. 
          SO WE DID APPLY FOR, UH, SUPPLEMENTAL DISCRETIONARY FUNDING. 
          WE'LL SEE, UH, WHETHER WE GET THAT OR NOT. 
          BUT WE EXPECT TO BEGIN CONSTRUCTION AND WE'RE CONFIDENT THAT WE CAN GET THE BASE, UH, PROJECT BUILT, WHICH IS THE TAXIWAY EXTENSION ITSELF. 
          THAT'S THE CRITICAL ONE FOR US THAT WE'VE GOT TO HAVE. 
          AND WE'RE CONFIDENT THAT THAT'S GOING TO GO. 
          UH, WE THINK WE'LL PROBABLY GET THE ADDITIONAL CONNECTION DOWN THERE AT THE SOUTH END. 
          UH, BUT AGAIN, WE JUST HAVE TO SEE WHAT KIND OF BIDS WE CAN, UH, THAT EXTENSION UP TO. 
          IT'S ACTUALLY TO HOTEL NOW. 
          UH, WE OWN SOME LAND ON THE WEST SIDE OF THE AIRPORT. 
          THERE'S AN ULTIMATE TOLL TUNNEL THAT HAS NEVER HAD RUNWAY TAXIWAY ACCESS. 
          AND, UH, WE'RE ALREADY IN DISCUSSIONS WITH, UH, SOMEBODY WHO WANTS TO DEVELOP THERE AND BRING A NEW BUSINESS TO ADDISON. 
          SO THAT'S, THAT'S, UH, WE'RE ACTUALLY IN THE DRAFT GROUND LEASE PHASE OF THAT. 
          SO MAYBE A LITTLE BIT LATER THIS YEAR, WE'LL BRING THAT FORWARD TO YOU FOR YOUR CONSIDERATION. 
          HOW MANY PARCELS ARE UP THERE? UH, IT'S REALLY, THEY WANT THE WHOLE THING. 
          IT'S ABOUT FOUR TO FIVE ACRES AND THEY WANT IT ALL. 
          SO, SO MONEY. 
          ADAM, THAT'S IT. 
          SO, EXCELLENT. 
          ANY QUESTIONS YOU'RE GETTING? YOU'RE GETTING BETTER AT, UH, DELIVERING THAT REPORT. 
          THAT WAS FAST . 
          I WAS INSTRUCTED TO CUT IT DOWN THE SAME. 
          WOW, GOOD JOB. 
          BUT TODAY, UH, CITY MANAGER AND I, WE MET WITH, UH, LIN SIDE OF AIRPORT RISING AVIATION. 
          AND THEN, UH, CONGRESSMAN WHEN I SERVE ON THE TRANSPORTATION, YOU KNOW, UH, COMMITTEE, SO I TOLD HIM WE GET A 90% OF, UH, GRANT FROM FAA GOING TO EXTEND THE WEST SIDE OF TAXIWAY AND THE 50% FOR THE, UH, SERVICE ROOM. 
          SO LIKE TO MEET WITH US, YOU KNOW, TALK ABOUT SOME INITIATIVES, MAYBE BY THEN WE INVITE YOU TO BE IN THE MEETING. 
          SO TALK ABOUT AIRPORT. 
          YEAH, YEAH, YEAH. 
          THERE'S SOME THINGS THAT CONGRESS CAN FIX. 
          AND ONE OF THOSE IS ACCESS TO THE BIPARTISAN INFRASTRUCTURE. 
          LAW FUNDING. 
          YES. 
          THERE'S A, AFTER THE REDISTRICTING, APPARENTLY OUR DISTRICT USED TO BE BEST THAN NICE, BUT NOW MAJORITY IS IN LINS DISTRICT, SO, SO IT CHANGED REALLY. 
          YEAH. 
          SO YOU NEED TO PAY ATTENTION TO IT. 
          YEAH, WE CAN GO GOOGLE IS A  MAP THEN, YOU KNOW. 
          YEAH. 
          CAN YOU TALK AT ALL ABOUT THE NOISE CONTOURS AND THE INFORMATION THAT WE HAVE ON THAT? UM, YEAH. 
          JUST BRIEFLY, UH, THIS IS SOMETHING THAT KEN SCHMIDT, UH, HAS ASKED, UH, FOR THE, UH, TRANSIT ORIENTED DEVELOPMENT. 
          UH, I THINK THE INITIAL PLANS WE DIDN'T RECOGNIZE THAT HAD SOME OF THE PLANNED RESIDENTIAL UNITS WERE WITHIN THE EXISTING 2007 NOISE CONTOUR. 
          UH, AND AGAIN, THAT'S THE 2007 NOISE CONTOUR. 
          A LOT HAS HAPPENED SINCE THEN. 
          AIRCRAFT HAVE GOTTEN QUIETER. 
          UH, AND SOME OF THE OLD NOISY AIRCRAFT HAVE BEEN FORCIBLY RETIRED. 
          SO WE BELIEVE THAT THE NOISE CONTOURS WOULD SHRINK. 
          BUT WE, UH, CONTRACTED WITH GARVER, OUR ENGINEERS, AND DID A, IT'S REALLY A PRELIMINARY STUDY RIGHT NOW TO SEE WHERE WE THINK CONSERVATIVELY THE NEW NOISE CONTOURS FOR FALL. 
          SO THEY TOOK OUR CURRENT OPERATIONAL DATA, MADE SOME VERY ROBUST GROWTH PROJECTIONS. 
          SO FROM A NOISE CONTOUR STANDPOINT, TO BE VERY CONSERVATIVE, YOU WANNA MAKE SURE THAT, YOU KNOW, YOU, YOU'RE OVERESTIMATING THE NOISE RATHER THAN UNDERESTIMATING THE CONTOUR SHRINKS. 
          SO THAT THAT CONTOUR IS ALMOST, DOESN'T GET OFF THE AIRPORT VERY FAR IN, IN THE LATERAL DIRECTIONS. 
          IT STILL EXTENDS DOWN INWOOD A LITTLE WAYS, BUT NOT NEARLY AS FAR AS IT USED TO. 
          AND THERE'S SOME PROPERTIES DOWN THERE, UH, UH, THAT, UH, DEVELOPMENT THE FARMER'S BRANCH HAD THAT WE ACTUALLY OBJECTED TO THAT, UH, AND TOLD THEM THAT'S WITHIN OUR 65 DV NOISE CONTOUR. 
          NOW IT NO LONGER IS. 
          SO THAT'S GOOD. 
          IT'S, IT'S GOING TO SHRINK SUBSTANTIALLY. 
          IT WON'T BE OFFICIAL UNTIL WE DO DO OUR MASTER PLAN UPDATE. 
          BUT WE'RE VERY CONFIDENT THAT THE T O D CAN GO FORWARD WITHOUT ANY ISSUES WITH THE RESIDENTIAL UNITS THEY WERE PROPOSING TO BILL. 
          THANK 
          [01:25:01]
YOU. 
          WHAT IMPACT, IF ANY, UH, DO YOU SEE WITH THE EXPANSION OF THE MCKINNEY AIRPORT? UM, YOU KNOW, WE'RE SEEING ON THE NEWS REPORTS THAT THEY'RE GONNA BE POTENTIALLY EXPANDING COM TO HAVE COMMERCIAL SERVICE THERE. 
          DOES THAT MEAN ANYTHING FOR OUR LITTLE AIRPORT? IT MIGHT . 
          UM, THERE ARE SOME CORPORATE OPERATORS THAT MAY NOT WANT TO BE AT A COMMERCIAL SERVICE AIRPORT. 
          SO, UH, I, I KNOW SOMETHING THAT I CAN'T TELL RIGHT NOW. 
          SO , IT'S LIKE, SO YES. 
          UM, BUT YEAH, THERE'S, THERE'S SOME, UH, POTENTIAL FOR, UM, YOU KNOW, I, I THINK IT'S A GOOD THING FOR MCKINNEY. 
          I THINK IT'S A GREAT THING FOR THE REGION. 
          UH, I, I DO THINK THAT THIS AREA CAN SUPPORT A THIRD COMMERCIAL SERVICE AIRPORT. 
          IT'S NEEDED AND IT'S, IT'S HAPPENING SOONER. 
          YEAH. 
          THERE'S, THERE'S, THEY HAVE A CATCHMENT AREA OF ABOUT A MILLION PEOPLE. 
          UH, AND EVERY, ALL THE GROWTH TO THE NORTH, IT'S, YOU KNOW, ALMOST AN HOUR DRIVE TO GET DOWN TO LONGER DFW. 
          UH, SO TO HAVE A CLOSE IN OPTION FOR PEOPLE LIVE IN THE NORTHERN PART OF THE METROPLEX, I THINK IS, YEAH. 
          UH, I, I KNOW THAT THEY HAVE NONDISCLOSURE AGREEMENTS WITH A COUPLE OF AIRLINES THAT ARE ALREADY INTERESTED. 
          AND THAT'S REALLY THE STUMBLING BLOCK IS, IS AN AIRLINE SERIOUSLY INTERESTED IN THE ANSWER TO THAT? SEEMS TO BE. 
          YEAH. 
          IT LOOKS LIKE IT IS. 
          SO, SO WE'RE GETTING GEARED UP FOR THAT IN TERMS OF THINKING ABOUT IT, IF THE POSSIBILITY. 
          YEAH. 
          UM, IT'S NOT GONNA BE HUGE NUMBERS OF FLIGHTS. 
          IT'LL PROBABLY BE LIKE 12 DEPARTURES A DAY, YOU KNOW, SOMETHING LIKE THAT INITIALLY. 
          IT MAY GROW FROM THERE, UH, DEPENDING ON WHAT THE DEMAND IS, OF COURSE. 
          BUT THAT'S, YOU KNOW, IT'S 12 DEPARTURES A DAY. 
          THAT'S NOT A HUGE NUMBER. 
          YEAH. 
          AND IT'S, IT'S NOT GONNA BE A HUGE IMPACT ON, YOU KNOW, THE RESIDENCES OF THE AREAS UP THERE. 
          UM, UH, IT'D BE INTERESTING TO SEE WHAT THAT DOES TO OUR AIRSPACE . 
          UH, BUT I DON'T THINK IT'LL HAVE THAT BIG OF AN IMPACT, REALLY. 
          THANK YOU. 
          ANY MORE QUESTION FOR JOEL? YES. 
          CAN YOU GO BACK TO SLIDE 17? WHERE IS THE PARCEL YOU'RE, WE'RE SPEAKING OF ON THE TAXI PLATE? UM, 17 THREE ACRES OR THERE? YEAH, EITHER ONE OF THOSE TWO SLIDES. 
          ALL RIGHT. 
          IT'S AN I TEST HERE. 
          OKAY. 
          THIS RIGHT HERE IS THE TOLL TUNNEL TUNNEL, AND IT'S THIS AREA RIGHT HERE. 
          SO UP TO WHERE THIS BLUE BOX IS, WHICH THAT'S ACTUALLY WHERE WE'RE GONNA RELOCATE THE WEATHER SENSING EQUIPMENT. 
          UH, SO RIGHT UP TO ABOUT THERE AND IT GOES HERE THAT, THAT'S ALMOST LIKE A U OF, UH, KWAY. 
          YES. 
          IT'S, IT'S THERE. 
          IT'S NORTH END OF DOOLEY ROAD. 
          YEAH, JUST NORTH OF THE TOWER. 
          IT'S GOT ONE BUILDING ON IT ALREADY. 
          YES. 
          UNFORTUNATELY THAT BUILDING IS STILL THERE. 
          WE'RE PLANNING TO, WE'RE, HOPEFULLY THE DEVELOPER THAT COMES IN WILL TAKE CARE OF THAT FOR US. 
          BUT YEAH, THAT, THAT BUILDING IS UNOCCUPIED AND, UH, I THINK THE POLICE AND FIRE ADHESIVE A FEW TIMES FOR TRAINING EXERCISES. 
          CAUSE THEY LIKE AN ICE UNOCCUPIED BUILDING FOR TRAINING. 
          THANK YOU. 
          ANY MORE QUESTION? NO, MA'AM. 
          NO. 
          THANK YOU, JOEL. 
          THANK YOU JOEL. 
          THANK YOU. 
          THANK YOU. 
          YOU KNOW, FOR NOW AND LATER WE STAY ABOUT A 15 MINUTES. 
          WE TAKE A SHORT BREAK. 
          WE CANNOT STOP THE MEETING TWO. 
          SO GO TAKE A LOOK, COME BACK THE SEVENTH THIRD, 
          [ Call Meeting to Order]
WE GONNA RESUME THIS MEETING. 
          SO I LIKE TO INVITE OUR CITY MANAGER. 
          [ Announcements and Acknowledgments Regarding Town and Council Events and Activities Discussion of Meetings / Events]
THEY BEGINS TO MAKE CERTAIN ANNOUNCEMENTS. 
          THANK YOU, MAYOR. 
          SO I HAVE THREE ITEMS. UH, WE HAVE A BUSY WEEK THIS WEEK ON WEDNESDAY AS OUR HOUSING AND REDEVELOPMENT COMMITTEE, UH, COMMUNITY MEETING. 
          THE MEETING IS AT THE CONFERENCE AND THEATER CENTER THIS WEDNESDAY, FEBRUARY 15TH. 
          THE MEETING, WE WILL, WE'LL FORMALLY START AT SIX O'CLOCK, BUT WE'RE, WE'LL ACTUALLY START AT FIVE 30. 
          AT FIVE 30, WE'LL HAVE DIRECTORS AND STAFF HAVE AREA STATIONS AROUND THE CONFERENCE CENTER TO, UH, FOR ONE-ON-ONE QUESTIONS FROM RESIDENTS. 
          SO I ENCOURAGE RESIDENTS, IF YOU'RE INTERESTED TO GET THERE EARLY, ASK ANY QUESTIONS THAT YOU HAVE. 
          UH, UH, IT COULD BE POLICE OR PLANNING, DEVELOPMENT SERVICES, FINANCE, TRAFFIC. 
          WE'LL HAVE, WE'LL HAVE REPRESENTATIVES FROM ALL THE DEPARTMENTS THERE. 
          SO, UM, AFTER THAT WE'LL HAVE A BRIEF PRESENTATION AND THEN WE'LL OPEN IT UP FOR QUESTIONS FROM THE, FROM THE PUBLIC. 
          SO WE'RE LOOKING FORWARD TO THAT DISCUSSION ON WEDNESDAY. 
          UH, ANOTHER NOTE FOR THIS WEEK, COUNCIL ELECTION FILING, UM, ENDS THIS WEEK. 
          THE DEADLINE IS FRIDAY, 
          [01:30:01]
FEBRUARY 17TH. 
          THIS IS FOR THE MAY, 2023 CITY COUNCIL MEETING. 
          AND THAT DEADLINE IS AT 5:00 PM ON FRIDAY. 
          PACKETS ARE AVAILABLE AT THE CITY SECRETARY'S OFFICE, AND YOU CAN CONTACT IRMA PARK OR FIND YOUR INFORMATION ON THE WEBSITE ITSELF. 
          FINALLY, OUR CITIZENS ACADEMY, UH, HAS A DEADLINE COMING UP. 
          UH, LOOK FORWARD TO THE CITIZEN ACADEMY. 
          IT'S ALWAYS A GREAT OPPORTUNITY FOR FOLKS TO SEE EVERYTHING THAT'S GOING ON IN THE, IN THE, UH, IN THE CITY. 
          SO IF YOU HAVEN'T BEEN A PART OF IT, UH, I ENCOURAGE YOU TO, TO TAKE PART. 
          FEBRUARY 20TH IS THE DEADLINE TO REGISTER FOR THIS SESSION OF THE CITIZENS ACADEMY. 
          THE PROGRAM PROVIDES A BEHIND THE SCENES LOOK AT THE TOWNS OPERATIONS THROUGH TOURS, ACTIVITIES, AND FACE-TO-FACE INTERACTIONS. 
          YOU CAN FIND MORE INFORMATION ON THE TOWN WEBSITE. 
          THAT'S ALL FROM YOU, MAYOR. 
          THANK YOU. 
          OH, BY THE WAY, NOW I JUST WANTING, UH, WHEN YOU FILE FOR CANDIDACY, PLEASE MAKE SURE WRITE THE SIGNATURE, YOU KNOW, MAKE SURE IT'S LEGIBLE. 
          SO, UH, ESPECIALLY YOU DECIDE TO FILE ON THE LAST DAY, AND YOU ONLY, IF YOU WANNA WAIT UNTIL LAST MINUTE, THEN YOU DON'T HAVE TIME TO CORRECT IT. 
          SO THAT'S WHAT I WANT TO REMIND YOU IF YOU THINK ABOUT FILING. 
          SO THAT'S THE REASON I DON'T REALLY ENCOURAGE YOU FILE ON THE LAST DAY. 
          SO AT LEAST A DAY BEFORE GIVE YOU ENOUGH TIME TO MAKE CORRECTIONS. 
          ALRIGHT. 
          UH, I HAVE THREE CARDS FOR PUBLIC COMMENT, BUT I BELIEVE YOU WANNA SPEAK AT THE ITEM, RIGHT? SO, UM, SO I INSTEAD OF, UH, SPEAK NOW, SO I WILL WAIT UNTIL THE PUBLIC HEARING STARTS THEN AT A CERTAIN TIME. 
          YOU, YOU CAN SPEAK. 
          ALRIGHT. 
          [ 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.]
CONSENT AGENDA ITEM 5, 6, 7, 8, 9, 10. 
          DO I HAVE ANYONE WANT TO PULL ANY ITEM? NO, SIR. 
          I'M GONNA APPROVE OF ITEMS FIVE THROUGH 10. 
          OKAY. 
          SO I HAVE A MOTION FROM LAURIE WARD SECOND FROM ARM BROWN FOR ITEM 5 6 7 809 10. 
          ALL IN FAVOR, PLEASE SAY AYE. 
          OPPOSE. 
          AYE. 
          ALRIGHT. 
          REGULAR 
          [11.  Present, Discuss, and Consider Action on Acceptance of the Fiscal Year 2022 Annual Comprehensive Financial Report (ACFR).]
ITEM, ITEM 11, PRESENT, DISCUSS AND CONSIDER ACTION ON ACCEPTANCE OF THE FISCAL YEAR 2022 ANNUAL COMPREHENSIVE FINANCIAL REPORT, A C F. 
          UH, GOOD EVENING MAYOR COUNSEL STEVEN GLICKMAN, CHIEF FINANCIAL OFFICER, UH, THIS EVENING, UH, FOR YOU, WE HAVE THE, UH, ACCEPTANCE OF THE, UH, FISCAL YEAR 2022, UH, ANNUAL COMPREHENSIVE FINANCIAL REPORT AND THE RESULTS OF OUR AUDIT. 
          UH, SO BEFORE I TURN IT OVER TO OUR AUDITOR, RACHEL SBY, UH, I ALWAYS LIKE TO GIVE MY LITTLE SPIEL. 
          UH, SO THERE'S A COUPLE OF THINGS THAT I ALWAYS MENTION WITH THESE. 
          UH, FIRST THING BEING THAT, UH, THIS IS REALLY THE RESULTS OF THE FISCAL YEAR 2022 BUDGET. 
          SO ALL THAT TIME AND EFFORT THAT GOES INTO PUTTING TOGETHER A BUDGET, UH, THIS IS THE ACTUAL RESULTS OF THE FINANCIAL RESULTS OF, OF ALL THAT HARD WORK. 
          SO, UH, THE RESULTS FOR THE AUDIT ARE, UH, EXTRAORDINARY. 
          UM, THEY, THE, WE PERFORMED MUCH BETTER THAN WHAT WE BUDGETED. 
          SO, UH, SO, SO SOME REALLY POSITIVE PERFORMANCE THERE. 
          UH, AND I ALSO LIKE TO MENTION THAT, UH, THE ENTIRE, UH, COMPREHENSIVE FINANCIAL REPORT IS PREPARED BY TOWN STAFF. 
          UH, OTHER THAN THE THREE PAGE AUDITOR AUDITOR REPORT, WHICH IS PAGES NINE THROUGH 11. 
          UH, THE OTHER 126 PAGES OF THAT REPORT IS PREPARED, UH, BY THE FINANCE DEPARTMENT. 
          AND I'D LIKE TO RECOGNIZE, UH, OUR, OUR ACCOUNTING TEAM. 
          WE HAVE AMANDA TURNER, WHO'S OUR ASSISTANT FINANCE DIRECTOR, AND ASHLEY WAKE, OUR CONTROLLER. 
          UH, THEY DO A GREAT JOB OF, UH, GETTING, UH, GETTING ALL OF THIS DONE. 
          AND I'M, I'M PUSHING THEM AND THE AUDITORS TO GET THIS DONE FASTER AND FASTER EACH YEAR. 
          SO I APPRECIATE THEM FOR, UH, ALL THEIR HARD WORK AND, UH, I TRY TO TRY TO OFFER MY HELP AND THEY DON'T LET ME HELP MUCH ON THIS ANYMORE. 
          SO, UH, I'LL STILL OFFER, BUT, UH, WITH THAT, I'M GONNA TURN IT OVER TO RACHEL AND SHE'S GONNA GO OVER THE RESULTS AND I'LL BE HERE IF THERE'S ANY QUESTIONS AS WELL. 
          OKAY. 
          THANK YOU. 
          WELL, ANYTHING MAYOR AND COUNSEL, AS STEVEN MENTIONED, I'M RACHEL ORMSBY, I'M YOUR LEAD AUDIT DIRECTOR THAT SERVES ON THE TOWN'S AUDIT ENGAGEMENT. 
          UH, QUICK PICK OF ME, THAT IS A VERY OLD PICK AND I GET TEASED BY MY TEAM THAT, THAT LOOKS LIKE MY INTERN PICK. 
          SO I DON'T KNOW IF THAT'S A COMPLIMENT OR IF IT'S TIME FOR ME TO GET A NEW PICTURE. 
          THEY SAY IT'S A LITTLE MISLEADING WHEN I PUT THIS IN THINGS AND SHOW UP AT PLACES. 
          SO, , LITTLE FUN. 
          YOU WERE THERE. 
          UM, FOR THOSE OF YOU THAT MAYBE DON'T KNOW, JUST REALLY QUICK, WE WERE PREVIOUSLY B KD. 
          SO WHEN I CAME OUT IN PREVIOUS YEARS AND DID THE AUDIT PRESENTATION, WE WERE UNDER B K D, WE WENT THROUGH A MERGER EFFECTIVE JUNE ONE OF 22, AND NOW WE'RE FORBIS. 
          [01:35:01]
UM, THAT DOESN'T REALLY MEAN ANYTHING FOR YOU ALL. 
          IT'S THE SAME TEAM. 
          UH, WE ARE JUST RIGHT HERE ACROSS THE HALL, ACROSS THE STREET AT SPRING VALLEY. 
          UM, BUT WHAT IT DOES FOR YOU IS IT, IT'S GIVEN US A BREADTH OF RESOURCES NATIONWIDE NOW, UM, WE ARE A TOP 10 FIRM AND SO IT JUST MAKES US STRONGER FOR OUR CLIENTS AND FOR OUR PEOPLE. 
          SO, JUST WANTED TO TOUCH ON THAT REALLY QUICKLY SINCE A LOT OF PEOPLE STILL DON'T KNOW WHO CORVUS IS. 
          OKAY. 
          UM, REALLY QUICK, OUR AGENDA. 
          WE'RE GONNA GO OVER THE AUDIT SCOPE AND RESULTS. 
          WE'LL TALK A LITTLE BIT ABOUT THE UPCOMING ACCOUNTING PRONOUNCEMENTS. 
          QUICKLY. 
          THERE'S TWO METRICS THAT I ALWAYS LIKE TO GO OVER FROM A FINANCIAL STANDPOINT AND WE'LL ROUND OUT WITH ANY QUESTIONS THAT YOU HAVE. 
          SO LET'S JUST JUMP RIGHT TO IT. 
          UM, I AM PLEASED TO LET YOU ALL KNOW THAT FOR THE FISCAL YEAR 2022 AUDIT RESULTS THE TOWN IS GOING TO RECEIVE OR DID RECEIVE, CUZ WE'VE ISSUED NOW THREE CLEAN UNMODIFIED OPINIONS. 
          SO UNMODIFIED IS THE HIGHEST, BEST OF THE BEST THAT YOU CAN ACHIEVE. 
          AND EVERY GOVERNMENT WANTS TO STRIVE TO ACHIEVE THIS. 
          UM, BECAUSE YOU DO, OR YOU DID HAVE MORE THAN 750,000 AND FEDERAL EXPENDITURES. 
          EXPENDITURES IS THE KEYWORD THERE. 
          IT'S NOT WHAT YOU RECEIVE, IT'S WHAT YOU SPEND IN FEDERAL EXPENDITURES THAT DID REQUIRE THE TOWN TO HAVE A SEPARATE SINGLE AUDIT, MAINLY DUE TO THE ARPA FUNDS. 
          YOU GOT THAT SECOND ROUND OF FUNDING AND THEN SPIN IT THIS YEAR. 
          SO THREE CLEAN OPINIONS, CLEAN ON THE FINANCIAL STATEMENTS, CLEAN OPINIONS ON YOUR INTERNAL CONTROL OVER FINANCIAL REPORTING, AND THEN CLEAN UNMODIFIED ON YOUR COMPLIANCE WITH THOSE FEDERAL GRANTS. 
          UM, EVERY SET OF FINANCIAL STATEMENTS DOES CONTAIN SIGNIFICANT ACCOUNTING POLICIES. 
          SO WE JUST LIKE TO LET YOU KNOW THAT'S DISCLOSED IN NOTE ONE OF YOUR ACT FOR YOUR ANNUAL COMPREHENSIVE FINANCIAL REPORT. 
          THE BIG THING THIS SHEAR, AND WE'VE TALKED ABOUT THIS, IT SEEMS LIKE WE'VE BEEN TALKING ABOUT IT FOR YEARS, WAS THE IMPLEMENTATION OF GABY 87, WHICH WAS LEASES. 
          UM, THAT DID HAVE AN IMPACT ON THE FINANCIAL STATEMENTS. 
          HOWEVER, WE HAVE BEEN WORKING ON THIS, LIKE I SAID, IT SEEMS LIKE FOR THE LAST SEVERAL YEARS. 
          AND SO THE ACCOUNTING TEAM HAD GREAT INTERNAL CONTROLS IN PLACE TO MAKE SURE THAT EVERY LEASE THAT THE TOWN DID HAVE IN PLACE WAS CAPTURED THROUGHOUT THIS PROCESS. 
          AND THEN I CAN ASSURE YOU WE HAD GREAT QUALITY CONTROL REVIEW PROCESSES ON OUR END TO MAKE SURE THAT THAT WAS COMPLETE. 
          UM, I, I WON'T BORE YOU WITH THIS LIST, BUT THIS JUST LETS YOU KNOW THAT EVERY SET OF FINANCIAL STATEMENTS DOES CONTAIN ESTIMATES, RIGHT? FI IN FINANCIAL STATEMENTS, THERE ARE ESTIMATES. 
          SO HERE ARE A COUPLE, UM, PROBABLY MOST NOTABLY THE NET PENSION LIABILITY OR ASSET DEPENDING ON THE YEAR THAT WE'RE IN DUE TO THE MARKET. 
          THAT IS A KEY ESTIMATE IN YOUR FINANCIAL STATEMENTS. 
          AND THE TOWN ACTUALLY USES G R S TM R S'S ACTUARY TO COME UP WITH THOSE ESTIMATES. 
          AND THEN WE DO TEST THOSE. 
          AND THEN SAME THING WITH YOUR OPEB LIABILITIES RELATED TO RETIREE HEALTH AND SUPPLEMENTAL DEATH. 
          PLEASED TO LET YOU KNOW. 
          SO STEVEN TOUCHED ON THIS, UM, YOUR STAFF BEING ABLE TO, TO PRODUCE THIS 130 PLUS PAGE AFER IS A TRUE TESTAMENT TO THEIR SKILLS AND KNOWLEDGE AND EXPERTISE. 
          UM, BUT SOMETHING ELSE IS THAT WE DIDN'T HAVE ANY AUDIT ADJUSTMENTS. 
          SO WHEN YOU'RE GETTING INTERIM REPORTS THROUGHOUT THE YEAR, UM, YOU CAN HAVE CONFIDENCE THAT THE NUMBERS THAT YOU'RE GETTING ARE COMPLETE AND ACCURATE. 
          AND THAT'S JUST A TESTAMENT TO US COMING IN AND NOT HAVING TO IDENTIFY ANY ADJUSTING ENTRIES THAT NEEDED TO BE MADE THERE. 
          UM, AND THEN AGAIN, WE'VE HIT ON LEASES. 
          SO THAT'S JUST SOMETHING THAT WE TALKED BEFORE, THE AUDIT, DURING THE AUDIT. 
          UM, ALRIGHT, SO GASBY, WHO IS THE STANDARD SETTING BODY THAT YOU ALL HAVE TO FOLLOW AS A GOVERNMENTAL ENTITY? HAS BEEN VERY BUSY. 
          SEEMS LIKE EVERY YEAR WE'RE UP HERE TALKING ABOUT A NEW STANDARD. 
          I'M NOT GONNA GO INTO ALL OF THESE IN GREAT DETAIL. 
          I'M JUST GONNA TOUCH ON A FEW THAT I THINK ARE PROBABLY GONNA IMPACT YOU THE MOST. 
          UM, THE PUBLIC-PRIVATE AND PUBLIC PUBLIC PARTNERSHIPS, THE ACCOUNTING TREATMENT'S GONNA BE THE EXACT SAME AS LEASES I KNOW RIGHT NOW, UM, AMANDA AND ASHLEY ARE WORKING ACROSS THE TOWN TO, TO GATHER. 
          ARE THERE GONNA BE ANY THAT WOULD HAVE AN IMPACT ON THIS STANDARD? SO THEY ARE IN THE PROCESS. 
          THIS STANDARD WILL BE APPLICABLE IN THIS FISCAL YEAR THAT WE'RE IN RIGHT NOW. 
          AND THEN VERY SIMILAR TO WHAT WE JUST DID WITH LEASES, WHETHER YOU LEASE A BUILDING, YOU LEASE A PIECE OF EQUIPMENT OR IF SOMEONE IS LEASING SOMETHING FROM YOU ON THE REVENUE SIDE OF THINGS, UM, GABY 96, WHICH IS EFFECTIVE FOR THIS FISCAL YEAR THAT WE'RE IN RIGHT NOW, IS GOING TO REQUIRE THE TOWN TO DO THE SAME THING WITH YOUR IT ARRANGEMENTS. 
          SO IF WE'RE SUBSCRIPTION IT ARRANGEMENTS, SO IF 
          [01:40:01]
WE HAVE A SUBSCRIPTION FOR PAYROLL OR A SUBSCRIPTION FOR MICROSOFT OFFICE, ANYTHING FROM AN IT STANDPOINT THAT WE HAVE A SUBSCRIPTION FOR WILL NOW REQUIRE US TO PUT ON A SUBSCRIPTION ASSET ALONG WITH A SUBSCRIPTION LIABILITY. 
          SO VERY SIMILAR TO WHAT WE DID WITH LEASES AND I KNOW AGAIN THAT THEY'RE WORKING ON GATHERING THAT INFORMATION SO THAT WE CAN GET THE STANDARD IMPLEMENTED THIS NEXT YEAR. 
          AND THAT'S NEW BECAUSE OF THE SUBSCRIPTION PRODUCTS THAT ARE AVAILABLE. 
          YEAH. 
          AND, AND GASBY, WHAT THEY WANTED TO DO WAS BRING CONSISTENCY ACROSS THE BOARD. 
          AND YOU KNOW, WHEN YOU GO OUT, WHEN GOVERNMENTS ARE OUT ENTERING INTO THESE AGREEMENTS, THEY'RE USUALLY MULTI-YEAR, THEY'RE USUALLY FOR THREE TO FIVE YEARS. 
          AND SO IN THE PAST IT WAS JUST, YOU KNOW, WHAT WERE YOUR ANNUAL PAYMENTS THAT WAS BEING WHAT WAS RECORDED IN THE FINANCIAL STATEMENTS, BUT THERE WASN'T REALLY SHOWN ON THE FINANCIALS THAT YOU'VE ENTERED INTO A COMMITMENT FOR THIS SUBSCRIPTION. 
          SO NOW WHAT THIS IS DOING IS ON YOUR BALANCE SHEET, WE'RE GONNA HAVE THE RIGHT TO USE THIS SUBSCRIPTION SOFTWARE AND NOW WE HAVE A CORRESPONDING PAYABLE LIABILITY FOR THREE TO FIVE YEARS OR WHATEVER THE TERM IS. 
          SO THE IS THE BOTTOM LINE THAT WE'LL BE SHOWING MORE LI UH, MORE OF OUR LIABILITY RATHER THAN IT SORT OF LIVING AN OUTER SPACE. 
          CORRECT. 
          YEAH. 
          BUT IT'S NOT GONNA BE A NEGATIVE HIT BECAUSE YOU'RE ALSO GOING TO HAVE AN ASSET. 
          SO REALLY THE NET TO NET POSITION IS REALLY DE MINIMAL. 
          YES, IT IS. 
          THE SUBSCRIPTION, THE ASSET IS THE SUBSCRIPTION. 
          YOU HAVE THE RIGHT TO USE THIS SOFTWARE OVER A THREE TO FIVE YEAR PERIOD AND YOU HAVE AN OBLIGATION TO PAY IT. 
          SO THEY'RE ALL GOING TO THAT, RIGHT? A LOT OF THEM. 
          THERE'S GONNA BE A LOT OF VISA . 
          YEAH, THERE'S GONNA BE A LOT. 
          YES. 
          SO IT IT'S EVERY GOVERNMENT ACROSS THE UNITED STATES AND CANADA. 
          SO THANK YOU. 
          UH, THESE LAST FEW, I'M NOT GONNA GO INTO TOO MUCH DETAIL, IT'S JUST SOME CLARIFYING STATEMENTS. 
          THESE WILL NOT HAVE A SIGNIFICANT IMPACT ON THE TOWN. 
          WE JUST KIND OF HAD THEM IN HERE. 
          ONE THING I DO WANNA HIT ON, NOT THAT I HAVE CONCERNS FOR THE TOWN, BUT JUST AFTER WE'VE LIVED THROUGH THE PANDEMIC AND, AND COVID, WE SAW MORE THAN EVER JUST AN INCREASE IN CYBERSECURITY RISKS. 
          UM, AND SO JUST MAKING SURE THAT ALL OF US, MYSELF INCLUDED RIGHT, ARE PUTTING CYBERSECURITY RISKS JUST AT THE FOREFRONT OF WHAT WE DO. 
          BEING MINDFUL OF IT. 
          I KNOW THAT IN OUR GREAT STATE OF TEXAS THAT EACH OF YOU, YOU KNOW, SERVING ON CITY COUNCIL ARE REQUIRED TO DO CYBERSECURITY TRAINING. 
          SO THIS IS JUST MY PLUG, MAKE SURE YOU'RE GETTING THAT DONE. 
          UH, I THINK IT'S DUE EVERY YEAR IN AUGUST. 
          SO, UM, AGAIN, JUST MAKING SURE WE'RE KEEPING THAT AT THE FOREFRONT OF WHAT WE'RE DOING. 
          YEAH, THE CRACKING THE WHIP BONUS WITH THAT. 
          EXACTLY. 
          EXACTLY. 
          OKAY. 
          MOVING INTO JUST TWO METRICS THAT I THINK ARE EXTREMELY IMPORTANT AND SOMETHING YOU SHOULD BE VERY PROUD OF. 
          SO THE TOWN HAS ADOPTED A FINANCIAL STANDARD TO MAINTAIN IN YOUR GENERAL FUND. 
          SO THAT'S THE CHIEF MAIN OPERATING FUND OF THE CITY. 
          A MINIMUM UNASSIGNED FUND BALANCE OF 30% OF YOUR BUDGETED EXPENDITURES. 
          I WILL SAY G F O A WHO IS KIND OF ONE OF THE, NOT STANDARD SETTING BUT KIND OF BEST PRACTICE, THEY'VE ISSUED A BEST PRACTICE THAT YOU SHOULD HAVE ABOUT 60 DAYS ON HAND, WHICH IS 18%. 
          SO YOUR POLICY ALONE ALREADY GREATLY EXCEEDS THAT. 
          UM, BUT THIS IS JUST SOME RESULTS FOR YOU. 
          SO AT, AT 9 30 22 FOR THE GENERAL FUND UNASSIGNED FUND BALANCE, YOU'LL SEE IT WAS AT ABOUT 20 MILLION. 
          AND THEN WHEN YOU PROJECT YOUR ADOPTED BUDGET FOR 23 IN A GENERAL FUND OF ABOUT 44 MILLION, UH, YOU ENDED AT ALMOST 45%. 
          SO NOT ONLY ARE YOU EXCEEDING INDUSTRY NORMS AND BEST PRACTICES, YOU'RE ALSO GREATLY EXCEEDING YOUR OWN POLICY THAT YOU'VE PUT IN PLACE. 
          SO SOMETHING YOU SHOULD BE VERY, VERY, WE ARE PROUD OF. 
          ABSOLUTELY. 
          YOU KNOW, EVERYBODY IS VERY CONSERVATIVE . 
          AND THEN THE OTHER ONE THAT I WANTED TO TOUCH ON IS PENSION FUNDED STATUS. 
          SO THAT'S ALWAYS A VERY HOT TOPIC, UM, IN, YOU KNOW, OUR INDUSTRY. 
          AND SO SINCE THE TOWN DOES PARTICIPATE IN TM R S I WANNA POINT THIS OUT CUZ IT'S, IT'S USUALLY KIND OF HAVE TO PAY ATTENTION, BUT THIS IS AS OF MEASUREMENT YEAR. 
          SO THE, THE PENSION FUND IS MEASURED AS A CALENDAR YEAR, 12 31 21. 
          SO A LOT OF THIS IS HEAVILY DRIVEN ON THE MARKET AND WHERE WE ARE AT CALENDAR YEAR END. 
          BUT YOU DID AT 9 30 22, SO FOR THE FISCAL YEAR YOU ENDED UP WITH A NET PENSION ASSET. 
          SO YOU WERE ACTUALLY 104% FUNDED AS OF FISCAL YEAR 22. 
          NOW THAT MAY FLIP, UH, NEXT YEAR, SEE AS HOW AWARE WE WERE AT 12 31 22. 
          UM, I, IT WON'T FLIP, YOU KNOW, COMPLETELY, BUT 
          [01:45:01]
IT MAY, MIGHT REVERT BACK TO A LIABILITY. 
          WE'LL SEE. 
          BUT ANYWAY, IF YOU THINK ABOUT IN THE METROPLEX AND SOME OF THE OTHER PENSION FUNDS, THEY'RE NOT 104% FUNDED. 
          SO I'LL JUST KEEP IT AT THAT. 
          UM, BUT SOMETHING YOU SHOULD BE VERY, VERY PROUD OF AND I KNOW YOU'RE ALWAYS CONTRIBUTING WHAT YOU'RE REQUIRED TO CONTRIBUTE TO THE PLAN AND THAT GREATLY HELPS WITH THE PENSION FUNDED STATUS. 
          SO I TRIED TO BE SHORT AND SWEET BUT HIT ALL THE HIGHLIGHTS. 
          SO WITH THAT, I WILL ANSWER ANY QUESTIONS THAT, AND I FAILED TO MENTION 46 CONSECUTIVE YEARS. 
          SO THE TOWN HAS PRODUCED AN ANNUAL COMPREHENSIVE FINANCIAL REPORT AND RECEIVED THE PRESTIGIOUS AWARD FROM G F O A FOR 46 CONSECUTIVE YEARS. 
          THAT IS, I I AUDIT A LOT OF CITIES ACROSS THE MASSA, SIR, THAT I DON'T HAVE ANY QUESTION, BUT I JUST WANT TO ADD, UH, YOU JUST COMMENT 46 YEARS AND UH, I GOT INVOLVED IN 15 YEARS. 
          SO THIS IS 15TH THREE YEARS CITY COUNCIL AND 12 YEARS IS MAJOR. 
          UH, YOU KNOW, WE HAVE A GREAT STAFF AND I FEEL SO CONFIDENT. 
          AND THEN ALSO ALL THE, I APPRECIATE ALL THE COUNCILS SERVE WITH ME. 
          THEY ARE VERY CONSERVATIVE AS WHAT I MENTIONED EARLIER. 
          SO WE REQUIRE EARLY ON IS 25% RESERVE. 
          ACTUALLY WE HAVE ALMOST 45%, YOU KNOW, SO I'M PROUD OF OUR STAFF AND I'M PROUD OF ALL THE COUNCILS SOFTWARE. 
          THANK YOU. 
          HAVE A QUESTION? YES. 
          SO ON THE THE UM, GENERAL FUND MINIMUM, YOU SAID 60 DAYS OPERATING IS WHAT'S RECOMMENDED AND THAT'S 18%? THAT'S 18%. 
          18 I THINK IT'S ABOUT IT, YEAH, SOMETHING LIKE THAT. 
          17, 18% GIVE OR TAKE. 
          BUT YES, THAT'S KIND OF G F O A HAS KIND OF BEEN WHAT THEY CALL, UH, A BEST PRACTICE ORGANIZATION THAT A LOT OF GOVERNMENTS FOLLOW. 
          AND THEY DO HAVE A BEST PRACTICE OF 60 DAYS AND WE HAVE ALMOST 180 DAYS. 
          MM-HMM. 
          . 
          WOW. 
          THAT'S PROBABLY FEEDS INTO OUR TRIPLE BOND RATING TOO. 
          THAT'S CORRECT. 
          ALL THESE NUMBERS. 
          YEP. 
          AND THE PENSION FUND AND STATUS. 
          RIGHT. 
          ANY MORE QUESTION? NOPE. 
          THANK YOU SO MUCH RACHEL. 
          THANK YOU SUPER MUCH ORIGINAL. 
          THANK YOU. 
          GOOD TO SEE EVERYBODY. 
          ALRIGHT, SO THE NEXT FIVE ITEMS I'M GONNA READ ALL AT ONCE THEN, UH, FOR PUBLIC HEARING I STILL GO ITEM BY ITEM AND UH, ALSO IF WILL BE APPROVED AND STILL GOING TO GO ITEM. 
          ALRIGHT, UH, LET ME READ FIRST BEFORE DARREN. 
          I KNOW, UH, TRYING TO MAKE A MOTION. 
          LET ME FINISH READING IT. 
          ITEM 12, HOW THE PUBLIC HEARING PRESENT, DISCUSS AND CONSIDER ACTION ON AUDIENCE REZONING 13.7 ACRES. 
          GENERALLY LOCATED AT THE SOUTH EAST CORNER OF ROAD AND THE FESTIVAL WAY AND THE NORTH EAST CORNER OF KORAN DRIVE AND ARAPAHOE ROAD FROM COMMERCIAL ONE  ONE PLANT DEVELOPMENT, PD AND URBAN CENTER. 
          UC TO A NEW PLANET DEVELOPMENT PD FROM THE DISTRICT TO ALLOW A TRANSIT-ORIENTED MIXED USE DEVELOPMENT COMPRISE OF MULTI-FAMILY RESIDENTIAL, UH, OFFICE PARKING, RESTAURANT RETAIL AND, AND DETERMINE USES AND ASSOCIATED PUBLIC AND PRIVATE OPEN SPACE AND COMMON AREA. 
          THE APPROVAL OF THE CONCEPT PLAN AND DEVELOPMENT STANDARDS. 
          CASE NUMBER 1 8 60 Z EDISON CIRCLE STATION, PHASE ONE, ITEM 13, HOLD THE PUBLIC HEARING PRESENT, DISCUSSED AND CONSIDER ACTION ON HAND ORDINANCE ADOPTING A DEVELOPMENT PLAN FOR LOSS ONE AND FIVE X BLOCK A OF F CIRCLE STATION. 
          PHASE ONE, INCLUDING A SITE PLAN, LANDSCAPE PLAN FACADE, AND THE FLOOR PLAN FOR AN OFFICE BUILDING WITH THE GROUND FLOOR RETAIL RESTAURANT USES A PARKING STRUCTURE SIDE ACCESS DRIVES AND EDISON ROAD AND FESTIVAL WAY STREET GAME IMPROVEMENTS. 
          UM, AND ADJACENT TO A 2.7 ACRE PROPERTY AT THE SOUTHEAST CORNER OF EDISON ROAD AND FESTIVAL. 
          WAY PHASE NUMBER 1 8 72 Z OFFICE AND PARKING STRUCTURE. 
          LAST ONE 
          [01:50:01]
AND FIVE X BLOCK A EDISON CIRCLE STATION, PHASE ONE ITEM 14 FOR THE PUBLIC HEARING PRESENT, DISCUSSED AND CONSIDERED ACTION ON AN ORDINANCE ADOPTING A DEVELOPMENT PLAN FOR LOG THREE BLOCK A OF EDISON CIRCLE STATION. 
          PHASE ONE, INCLUDING A SIDE PLAN, LANDSCAPE PLAN, UH, FACADE AND FLOOR PLANS FOR A MULTI-FAMILY RESIDENTIAL BUILDING WITH GROUND FLOOR RETAIL, RESTAURANT USES AND FESTIVAL WAY. 
          AND QURAN DRIVES THREE SCAPE IMPROVEMENTS ON, ON AND ADJACENT TO A 1.8 ACRE PROPERTY AT THE SOUTHWEST CORNER OF QURAN DRIVE AND FESTIVAL WAY. 
          CASE NUMBER 1 8 74 MULTIFAMILY TOWER LAW THREE BLOCK A EDISON CIRCLE STATION, PHASE ONE ITEM 15 FOR THE PUBLIC HEARING PRESENT DISCUSSED CONSIDERED ACTION ON ORDINANCE, ADOPTING A DEVELOPMENT PLAN FOR LOG ONE BLOCK B EDISON CIRCLE STATION PHASE ONE AND THE REALIGNMENT OF SPECTRUM DRIVE, INCLUDING A SITE PLAN, LANDSCAPE PLAN, FACADE AND FLOOR PLAN FOR MULTIFAMILY RESIDENTIAL BUILDING WITH THE GROUND FLOOR RETAIL RESTAURANT USES AND ARAPAHO YIELD AND QURAN DRIVE. 
          THREE SCAPE IMPROVEMENTS ON THE, UH, ADJACENT TO A 3.5 ACRES, PROBABLY AT THE NORTHEAST CORNER OF ARAPAHOE ROAD AND CORNER ON DRIVE AND BE SELECTED BY SPECTRUM DRIVE. 
          UH, CASE NUMBER 1 8 75 Z MULTIFAMILY MIDRISE LOT ONE BLOCK B EDISON CIRCLE STATION, PHASE ONE ITEM SIX 16. 
          HOLD THE PUBLIC HEARING PRESENT, DISCUSS THE CONSIDER ACTION LEARNING ORDINANCE, ADOPTING A DEVELOPMENT PLAN FOR LOG TWO BLOCK A OF EDISON CIRCLE STATION. 
          PHASE ONE, INCLUDING A SITE PLAN, LANDSCAPE PLAN FOR THE CONSTRUCTION OF EMERGENCY ACCESS DRIVES, PEDESTRIAN WAYS AND FESTIVAL WAY STREET SCAPE IMPROVEMENTS ON ADJACENT TO A 1.9 ACRE PROPERTY, GENERALLY LOCATED SOUTH OF FESTIVAL WAY AND 400 FEET WEST OF QURAN DRIVE. 
          CASE NUMBER 1 8 7 3 Z. 
          NO LOG TWO BLOCK A AND THEN CIRCLE STATION PHASE ONE. 
          SO, UH, ALL THOSE FIVE ITEMS ARE INVOLVED IN DIFFERENT KIND OF PUBLIC HEARING AND ALSO, UH, THE VOTE VOTING SITUATION. 
          BUT I WANT ASK KEN SCHMID. 
          SO IN THIS CASE WE CAN DISCUSS THAT WITHOUT MUCH BOUNDARY. 
          YEAH, SO CAN, YES. 
          [12.  Hold a Public Hearing, Present, Discuss, and Consider Action on an Ordinance Rezoning 13.7 Acres Generally Located at the Southeast Corner of Addison Road and Festival Way and the Northeast Corner of Quorum Drive and Arapaho Road, from  Commercial-1 (C-1), Planned Development (PD), and Urban Center (UC), to a new Planned Development (PD) Zoning District, to Allow a Transit-Oriented Mixed Use Development Comprised of Multifamily Residential, Office, Parking, Restaurant, Retail, and Entertainment Uses, and Associated Public and Private Open Space and Common Areas, Through the Approval of a Concept Plan and Development Standards.  Case 1860-Z/Addison Circle Station - Phase I.]
UM, I'D LIKE TO MAKE A MOTION TO TABLE THE CONSIDERATION AND VOTING OF THESE REZONING AND DE DEVELOPMENT PLAN ITEMS 12, 13, 14, 15 AND 16 UNTIL THE NEXT COUNCIL MEETING ON FEBRUARY 28TH. 
          DO I HAVE A MOTION? SECOND? SO, UH, I HAVE A MOTION AND SECOND DISCUSSION. 
          UH, ANY DISCUSSION BEFORE I QUALIFY A VOTE DISCUSSION. 
          SO MY REASONING, YEAH, GO AHEAD. 
          YEAH, I THOUGHT I'D, UH, OFFERED THE REASONING. 
          SO, UM, I'M A PROGRESS MINDED GUY. 
          OKAY, PROGRESS. 
          AND I'M NOT OPPOSED TO THIS PROJECT. 
          UM, YOU KNOW, I WANT SENSIBLE ECONOMIC DEVELOPMENT AND, UH, WE HAVE CITIZENS THAT LIVE IN THIS TOWN THAT'S MESSAGED US ON COUNCIL, UH, THE PROJECT'S BEEN GOING ON FOR, AND IT'S BEEN IN MOTION FOR YEARS AND DECADES AND THANK YOU TO ALL THE PEOPLE THAT WORKED ON THIS FROM THOSE YEARS, UM, AND DECADES IN SOME RESPECTS. 
          AND IN LIGHT OF THE MEETING ON THE 15TH OF THIS MONTH, I THINK IT'S A POOR CHOICE OF TIMING AND DELAYING THE VOTE WILL ALLOW FOR THIS PROJECT TO BE EXPLAINED AGAIN, CUZ IT'S BEEN EXPLAINED, IT'S BEEN PUBLIC, BUT EXPLAINED AGAIN AND FRESHLY REVIEWED. 
          AND WE USE THIS PROJECT OF FRESHLY REVIEWED, THE WHOLE PROCESS, ALL THE PUBLIC INPUT, ALL THE PUBLIC COMMUNICATION, EVERYTHING THAT'S BEEN GOING ON FOR THESE YEARS, UM, AND THAT THIS DEVELOPMENT AND DEVELOPMENTS LIKE THIS GO THROUGH IN THE CONSIDERATION. 
          THAT'S MY REASONING. 
          I'M GONNA JUMP IN HERE AND SAY THAT, UM, CERTAINLY THERE ARE A LOT OF PEOPLE THAT HAVE HAD CONCERNS. 
          UM, I THINK THEY PROBABLY DO NOT HAVE ALL THE INFORMATION THAT'S NECESSARY TO MAKE A DECISION. 
          AND SO I THINK THE MEETING ON THE 15TH IS GOING TO BE IMPORTANT FOR PEOPLE TO BE ABLE TO HEAR THAT AND, AND KNOW THAT, UM, I PERSONALLY 
          [01:55:01]
THINK THAT THIS IS A GOOD STRONG PROJECT THAT'S BEING PRESENTED, BUT I THINK IT'S IMPORTANT TO HEAR EVERYBODY'S VIEWPOINT AND INPUT. 
          AND SO, UM, THAT'S THE REASON FOR SECONDING THE MOTION TO DELAY THE INVOKE FOR TWO WEEKS. 
          ANY MY DISCUSSION? YEAH. 
          MY, MY, I'VE BEEN INVOLVED IN THE TOWN SINCE 2000 IN VARIOUS FROM PLANNING AND ZONING. 
          THE FIRST TIME ON COUNCIL, SECOND TIME ON COUNCIL. 
          AND I WENT BACK AND DID SOME REVIEW TODAY AGAIN, JUST TRYING TO LOOK AT STUFF FROM OUR 2020 VISION PLAN TO OUR 2030 VISION PLAN TO THE 2013 COMP PLAN, WHICH WE GO BY NOW, OR WHICH WE'RE GOING BY NOW, THE 2017 HOUSING POLICY THAT WAS IMPLEMENTED BY THE PREVIOUS MAYOR AND COUNCIL. 
          EVERY SINGLE THING THAT'S LINED OUT IN ALL THESE, IN, IN EVERY ONE OF THESE DOCUMENTS WE'VE FOLLOWED, WE'VE GONE THROUGH THIS AND I JUST, I MEAN, I WANT TO HEAR, I WANT TO HEAR ON WEDNESDAY NIGHT TOO, CUZ I, I I'LL BE, I MEAN, I, I HAVE AN IDEA WHY SOME PEOPLE ARE AGAINST IT. 
          I THINK, UM, YOU KNOW, FOR, UH, RENTAL IN GENERAL, UM, OR HIGH DENSITY RENTAL, WHATEVER. 
          UM, BUT YOU KNOW, WE'VE GIVEN, YOU KNOW, WE'VE HAD OUR PREDECESSORS TELL US, YOU KNOW, THIS IS THE DIRECTION AND WE'VE BEEN GOING DOWN THAT, THAT PATH FOR 35 YEARS, YOU KNOW, TO COME UP TO, YOU KNOW, THE NIGHT BEFORE AND SAY, WELL, WE'RE GONNA, WE'RE GONNA, NOW WE'RE GONNA STEP BACK AND MAKE A CONSIDERATION. 
          CAUSE I DON'T THINK, AT LEAST WITH THIS PROJECT, I MEAN, WE'VE SPENT SO MUCH TIME, SO MUCH MONEY, I THINK AS THEY SAY, THE TRAIN HAS LEFT THE STATION ALREADY. 
          SO THAT'S JUST MY, THAT'S MY OPINION. 
          SO ANY COMMENT? I AGREE. 
          THIS IS, THIS IS NOT A SOMETHING WE, WE STARTED A YEAR AGO. 
          THIS IS BACK 35 YEARS AGO. 
          THIS HAS BEEN PLANNED. 
          THE CITY BOUGHT THE LAND FOR THIS PURPOSE. 
          IT'S ON A RAILROAD TRACK. 
          I DON'T SEE IT BEING A, AN APPROPRIATE PLACE FOR SINGLE FAMILY HOMES. 
          IT'S ZONED COMMERCIALLY, IT'S ALWAYS BEEN SET UP FOR A COMMERCIAL VENUE. 
          AND I AGREE WITH EVERYTHING TOM SAID. 
          AGREE. 
          YEAH, I AGREE WITH TOM. 
          RIGHT. 
          THE ONE THING I WOULD ADD IS, UH, I THINK IT'S IMPORTANT TO LISTEN TO THE COMMUNITY ON WEDNESDAY NIGHT. 
          IT'S CRITICAL, UH, FOR THEIR CONTRIBUTION TO NOT JUST, UH, THE CURRENT HOUSING POLICY, BUT THE FUTURE HOUSING POLICY AND HOW THAT MIGHT TAKE, UH, SHAPE, UH, IN THE FUTURE. 
          THESE ARE ALL LONG-TERM PLANNING, UH, PRIORITIES. 
          AND IN THE GAME OF LONG-TERM PLANNING, IT'S SOMETIMES EASY TO GET DISTRACTED BY THINGS THAT POP UP. 
          AND I'M NOT SAYING THAT THIS IS A POLITICAL THING, I'M JUST SAYING A LOT OF TIMES THEY HAPPEN DURING POLITICAL SEASON, WHICH WE'RE COMING ON. 
          AND I THINK IT'S IMPORTANT FOR COUNCIL MEMBERS TO HOLD FAST TO THE VALUES THAT WE HAVE, UH, WORKED UNDER SINCE BEFORE WE WERE ELECTED. 
          AND, AND, AND UP TO AND INCLUDING THE TIME THAT WE WERE ELECTED. 
          UH, I SIGNED A LETTER OF, UH, FOLLOWING, BEING ETHICAL AND, UH, FOLLOWING BEST PRACTICES. 
          AND WE STAND ON SHOULDERS OF THOSE THAT CAME BEFORE US, REGARDLESS OF WHETHER OR NOT WE AGREED WITH THEM POLITICALLY. 
          WE STAND ON THEIR SHOULDERS OF, UH, GENERATIONS OF COUNCILS THAT BUILT A TRADITION OF GREATNESS, PART OF WHICH IS THE FINANCIAL LEGACY THAT WE JUST HEARD THE RESULTS OF THE AUDIT FOR. 
          AND THAT'S PART OF WHAT AFFORDS US THE LUXURY TO BE ABLE TO SPEND AS MUCH TIME AND MONEY AND EFFORT AND TIME AND CARE AND ATTENTION TO DETAIL AS WE DO IN THE DECISIONS THAT WE MAKE. 
          UM, I WOULD HOPE THAT, UH, THE, THE PEOPLE IN THE COMMUNITY WOULD UNDERSTAND THAT WE'RE, UH, EAGER TO HEAR THEIR FEEDBACK. 
          AND EVEN IF I DON'T AGREE WITH THIS MOTION, IT DOESN'T MEAN THAT I DON'T WANT TO HEAR THE FEEDBACK FROM THE COMMUNITY. 
          BUT BY THE SAME TOKEN, ONE OF THE THINGS THAT WE CANNOT LOSE SIGHT OF IS THAT THE WORK OF THE TOWN IS BUSINESS. 
          MANY OF THE RESIDENTS AND ADDISON ARE BUSINESS OWNERS, THEIR EXECUTIVES, THEIR C LEVEL FOLKS, THEY'RE BUSINESS DEVELOPMENT FOLKS, THEY'RE ADVERTISING FOLKS, REAL ESTATE FOLKS. 
          AND WHEN YOU BUILD RELATIONSHIPS WITH YOUR STAKEHOLDERS AND YOUR PARTNERS AND YOU HAVE MEMORANDUMS OF UNDERSTANDING, YOU'VE PAINSTAKINGLY CHOSEN THOSE PARTNERSHIPS. 
          YOU HAVE LETTERS OF INTENT, 
          [02:00:01]
YOU HAVE HANDSHAKES TO ALL OF A SUDDEN, YOU KNOW, POP UP AND SAY, WE DON'T REALLY, WE DON'T REALLY LIKE THIS. 
          AND, UH, NOW WE'RE IN A POSITION TO NOT REALLY, UH, YOU KNOW, HOW TO EXPLAIN WHY WE'RE NOT IN A POSITION TO CONTINUE ON WITH THE SOUND BUSINESS THAT WE'VE BEEN DOING. 
          IT DOESN'T MAKE ANY SENSE TO ME. 
          SO FOR ME, THE MEETING ON WEDNESDAY NIGHT DOES NOT CORRELATE WITH THE AGENDA FOR TONIGHT'S MEETING. 
          TONIGHT'S AGENDA IS SOMETHING THAT IS THE ONGOING BUSINESS OF, OF, OF THE TOWN STAFF AS DIRECTED BY THE CITY COUNCIL WITH THE CHERRY ON TOP IS THAT DIRECTION COMES FROM A STRATEGIC, STRATEGIC PLANNING SESSION THAT ALL OF US ARE A PART OF. 
          THERE ARE SEVEN PILLARS. 
          WE FOCUS EVERYTHING WE DO ON THAT STRATEGIC VISION. 
          AND I DON'T WANT, I DON'T WANT ANYONE TO LOSE SIGHT OF THAT BECAUSE IT'S WHAT MAKES ADDISON GREAT. 
          IT'S GOING TO BE WHAT CARRIES US THROUGH AS INNOVATORS IN MUNICIPAL BUSINESS AND RUNNING A TOWN. 
          UM, AND I'M, I I I SAY ALL THAT TO SAY, UM, WE DON'T MAKE WILLY-NILLY DECISIONS ON THIS COUNCIL. 
          I'VE NEVER BEEN A PARTY TO THAT. 
          UH, WHEN I TURN OUT IN MAY, I WILL HAVE SERVED FOR SIX YEARS. 
          I'VE NOT BEEN A PARTY TO ANY DECISION THAT WE HAVE MADE ON A WHIM THAT SOMEONE JUST WOKE UP IN THE MIDDLE OF THE NIGHT AND HAD A HAIR-BRAINED IDEA. 
          NOW I WILL SAY I DO SHARE SOME CRAZY IDEAS SOMETIMES IN MEETINGS, AND I THINK YOU ALL WILL AGREE WITH THAT, BUT AT THE END OF THE DAY, WE COME TO SOUND, UH, SOUND CONCLUSIONS AND I'M VERY PROUD, UH, OF THE RELATIONSHIPS THAT WE'RE BUILDING WITHIN THIS NEW, UH, TRANSIT-ORIENTED DEVELOPMENT, UH, PROJECT THAT WE'VE CHOSEN. 
          AND SO WITH THAT, I, I WON'T BE IN SUPPORT OF THE MOTION. 
          THANK YOU. 
          THANK YOU. 
          THANK YOU, LORI. 
          THANK YOU MAYOR. 
          UH, I DO, I TOO LOOK FORWARD TO WEDNESDAY NIGHT. 
          UH, IT'S GOOD TO HAVE CONVERSATION BETWEEN THE STAFF AND THE RESIDENTS. 
          WE PRIDE OURSELVES ON BEING OPEN, UH, TO OUR, UH, WITH OUR STAFF AND THE RESIDENTS. 
          UH, SO AGAIN, I'M LOOKING FORWARD TO THAT. 
          BUT AS FAR AS TONIGHT GOES, YOU KNOW THAT, UM, WE WE'RE, WE'RE WE'RE TALKING ABOUT WHAT THE RAMIFICATIONS OF DELAY A VOTE ON THE ADDISON CIRCLE. 
          ISSUES TO AFTER FEBRUARY 15TH ARE THE MEMORANDUM OF UNDERSTANDING BETWEEN THE TOWN AND CO-DEVELOPERS RE REQUIRES THE REZONING PROCESS TO BE COMPLETED BY MARCH 14TH, 2023. 
          WHILE THE M O U WOULD ALLOW FOR THIS ACTION TO BE DELAYED, CITY COUNCIL SHOULD ALSO WAIVE THE FOLLOWING CONSIDERATIONS, RESPECTING THE PROCESS. 
          THIS IS A TOWN PROJECT THAT BEGAN WITH THE ACQUISITION OF LAND AND IN THE NINETIES, AND CONTINUES WITH THE ADOPTION OF A SPECIAL AREA STUDY IN 2018 AND A YEAR LONG COMPETITIVE R F P PROCESS NUMBER WERE TWO COMMUNITY OPEN HOUSES OVER PRESENTATIONS WERE MADE AT TWO DIFFERENT, AT TWO CITY COUNCIL MEETINGS AND SIX TOWN HALL MEETINGS, AND ADDRESSED THE DEVELOPMENT OF THIS AREA IN 11 NEWSLETTERS. 
          WE ALSO HAVE TO MAINTAIN MARKET CONFIDENCE. 
          CURRENT ECONOMIC CONDITIONS REFLECT SIGNIFICANT CHALLENGES POSED BY LINGERING INFLATION, ELEVATED MATERIAL AND LABOR COSTS, INCREASED COST OF CAPITAL, AND A CHALLENGING POST PANDEMIC OFFICE ENVIRONMENT. 
          TRANSITIONING TO A DEFINITIVE AGREEMENTS. 
          THE DEVELOPER GAINS NO ADDITIONAL RIGHTS TO THIS REZONING ACTION. 
          THIS IS THE TOWN'S LAND AND THE ZONING ENTITLEMENT ONLY APPLIES TO THE TOWN UNTIL A DEFINITIVE AGREEMENTS FOR THE PROJECT ARE EXECUTED. 
          ACKNOWLEDGING THE LA FINAL CONCERN, ACKNOWLEDGING THE APPROPRIATE LAND USE MIX. 
          A TRANSIT STATION AREA IS A MUCH DIFFERENT CONTEXT THAN ADDISON GROVE, VITRUVIAN PARK AND THE AMALIE TREEHOUSE PROJECTS. 
          THE TRANSIT STATION AREA WILL BE THE MOST URBAN AND ACTIVE AREA IN THE COMMUNITY. 
          TRANSIT STATION AREAS BRING MANY GREAT BENEFITS, BUT THEY ALSO PRESENT SOME NEGATIVE IMPACTS SUCH AS HOMELESSNESS TO ENSURE THAT THIS BECOMES AN INVITING AND VIBRANT PLACE THAT WE ARE ALL, ALL HOPE TO BE, WHICH WE ALL HOPE IT TO BE. 
          MAINTAINING ACTIVITY THROUGHOUT THE DAY IS IMPORTANT. 
          THIS WILL BE THE BEST ACHIEVE, THIS WILL BE BEST ACHIEVED THROUGH MULTI-FAMILY RENTAL HOUSING. 
          NIGHTTIME POPULATION IS, UH, ELEVATED THERE. 
          OFFICE, DAYTIME POPULATION, AND RESTAURANT ENTERTAINMENT USES THROUGHOUT THE DAY. 
          SINGLE 
          [02:05:01]
FAMILY HOMES ARE NOT WELL SUITED OR SUPPORTED BY THE MARKET FOR A TRANSIT STATION AREA. 
          AND CONDO DEVELOPMENT SUFFERS FROM SIMILAR CHALLENGES AS WELL AS OVERALL LACK OF SUCCESS IN TEXAS. 
          THIS PROJECT WOULD NOT BE ECONOMICALLY FEASIBLE AS AN OFFICE AND RETAIL ONLY CONCEPT. 
          THE RFP PROCESS PROVED THIS UP. 
          WE SAW THAT AS WE WERE GOING THROUGH IT. 
          AS EVERY PROPOSAL WAS ANCHORED BY MULTI-FAMILY RENTAL HOUSING, WANTING A DIFFERENT OUTCOME. 
          OWNERSHIP HOUSING IS NOT GOING TO CHANGE THE OVERWHELMING EVIDENCE OF WHAT THE MARKET WILL AND WILL NOT SUPPORT FOR THIS PROJECT. 
          SO WITH THOSE COMMENTS, MARY, I'D LIKE TO CONTINUE ON WITH THE PROCEEDINGS. 
          I FURTHER OKAY. 
          YOU WANNA SAY SOMETHING? YES. 
          SO I WANT TO AGAIN SAY I'M NOT OPPOSED THIS PROJECT. 
          THIS IS A GREAT PROJECT AND A GREAT PLACE, UM, TO TOM AND CATHERINE. 
          ALL THE POLICIES, ALL THE PLANS, ALL THE VISIONING. 
          VISION IS STRATEGY. 
          YOU MENTIONED STRATEGY AND BUSINESS. 
          STRATEGY DRIVES REVENUE AND IN, IN TOWN STRATEGY DRIVES YOUR FUTURE, WHICH WE'RE VERY INTERESTED IN. 
          AND IT DRIVES YOUR PROGRESS, RIGHT? AND IT DRIVES YOUR VIABILITY, IT DRIVES YOUR TRACTION. 
          SO IT'S, AND, AND WE'RE WITH THE CHOIR. 
          WE'RE PREACHING TO THE CHOIR. 
          YOU KNOW THIS, YOU KNOW THIS, I KNOW THIS, WE ALL KNOW ABOUT THIS POLICY STUFF, BUT THE GENERAL PUBLIC ISN'T AS INFORMED AS WE ARE NOW. 
          I, I DID SAY THE COTEX WEBSITE SHOULD BE AN I COTEX WEBSITE. 
          THAT'S AN INFORMED CITIZENS, MADISON, TEXAS. 
          THERE SHOULD BE ONE OF THOSE TOO. 
          SO THIS DELAYING THIS ALLOWS US TO USE THIS PROJECT AS AN EXAMPLE. 
          I SUGGESTED THIS TO DAVID FOR WEDNESDAY NIGHT. 
          AND AS AN EXAMPLE OF THIS PROJECT, OF WHAT THE WHOLE PROCESS LOOKS LIKE, IT'S THOROUGHLY REVIEWED. 
          I MEAN, AND IT'S COMMUNICATED ALL THROUGH THE PROCESS OF THE YEARS THAT YOU MENTIONED. 
          SO MY DEMOTION IS SIMPLY TO DELAY IT. 
          AGAIN, I'M IN SUPPORT OF IT, TO DELAY IT FOR EDUCATION OF A NIGHT THAT'S COMING UP IN 48 HOURS. 
          WHAT'S THE PURPOSE OF DELAYING IT IF YOU SUPPORT IT? I THINK IT'S A POOR CHOICE OF TIMING AND OPTICS. 
          AND IT SHOWS, IT GIVES US AN OPPORTUNITY TO COMMUNICATE MORE ABOUT THIS PROJECT AND WHY IT IS AND WHAT THE PROCESS IS. 
          MORE OF THE PROCESS. 
          YOUR HONOR, CAN WE NOT LET, LET ME, LET ME SAY A FEW WORDS. 
          TRANSIT ORGANIC DEVELOPMENT HAS BEEN A DEVELOPMENT ALL ALONG SINCE EDISON CIRCLE POST EDISON CIRCLE STARTED. 
          SO IT'S BEEN 35 YEARS. 
          WE, WE'VE BEEN WAITING SINCE 1983, UH, WOULD BE ALMOST 40 YEARS WHEN WE JOIN DART. 
          SO ALREADY KNOW, YOU KNOW, RON WHITEHEAD AND THE PREVIOUS MAYOR AND THE CITY COUNCIL ALREADY PLANNED THIS BACK IN THE OH OH DAYS. 
          YOU KNOW, I REALLY DON'T WANT TO TABLE THIS AND WAIT JUST BECAUSE OF SOME PEOPLE DON'T UNDERSTAND, SINCE WE DON'T MAKE A DECISION BASED ON OURSELVES. 
          SO IT'S, IT'S BEEN 40 YEARS UNTIL NOW AND I JUST DON'T SEE, I UNDERSTAND. 
          WEDNESDAY I CALL FOR THIS MEETING WITH YOU, YOUR SUPPORT, SINCE I WANT PEOPLE REALLY UNDERSTAND THE PROCEDURE. 
          YOU KNOW, WE DON'T MAKE OUR DECISION BASED ON OUR OWN EASE OR, OR WE LIKE APPOINTMENT. 
          I DON'T, WE MAKE ALL THOSE IMPORTANT DECISION BASED ON THE FACT, BASED ON THE ADVISORY COMMITTEE, SPECIAL AREAS, STUDY BASED ON ALL THE PROFESSIONAL, LIKE SUCH AS KEN SCHMID TO MAKE IT THE VERY PROFOUND DETAILED PLANNING ALONG WITH DEVELOPERS THAT THEN GO THROUGH P AND Z THEN COME TO OUR CHAMBER. 
          WE DON'T, YOU EDUCATED, I'M A REALTOR MYSELF BY TRADE. 
          I'M AN INSURANCE AGENT BY TRADE. 
          I'M A RESTAURANT OWNER BY TRADE. 
          MY RESTAURANT HAS BEEN HERE FOR 37 YEARS. 
          I PAY MORE TAXES. 
          I CARE ABOUT THE ADDISON MORE THAN ANYBODY ELSE SINCE I HAVE INVESTED THE INTEREST. 
          BUT IF YOU ALWAYS SAY, OH, I'M MOVING IN 2017, I DIDN'T KNOW THIS. 
          I DIDN'T KNOW THAT. 
          SO I OPPOSE THIS. 
          I WANNA STORY THAT UP. 
          WILL IT BE MORAL OR ETHICAL? RIGHT? I DON'T WANNA SEE 
          [02:10:01]
THE ELECTION TIME. 
          THIS GOING TO BE ONE OF THE ACTIVITY PEOPLE WANT TO RUN ON. 
          NOW. 
          I, AS MAYOR, I CAN HONESTLY TELL YOU, I RUN EVERY CAMPAIGN STRAIGHTFORWARD. 
          I WILL TELL YOU WHAT I CAN DO FOR YOU POSITIVELY. 
          THAT'S THE KIND OF PERSON I LIKE TO SEE. 
          IF YOU HAVE THAT KIND OF HONESTY, INTEGRITY, I LOVE THIS CITY. 
          I WANT TO GIVE BACK MYSELF TO THE CITY. 
          THAT'S WHAT YOU DO. 
          YOU THINK, I LOVE TO HAVE SPENT SO MUCH TIME EVERY DAY READING SO MUCH STUFF TO BE A GOOD AMBASSADOR. 
          YOU KNOW, EVERY TIME I WALK OUT MY RESTAURANT, IT COST ME NOT ONLY, I JUST MAKE $400 A A MONTH. 
          WE LOVE WHAT WE DO TO HELP THIS COMMUNITY AS MUCH AS EVERYBODY ELSE. 
          SO I HONESTLY, I SAY THIS THROUGHOUT MY, ON MY HEART, YOU KNOW, AND I JUST WANNA MAKE SURE TODAY'S IS NOT JUST, WE DECIDED TO DO IT TODAY. 
          SO THAT'S THE REASON. 
          WE'LL ONLY CONTINUE THIS. 
          DO I HAVE A MOTION? I ALREADY GOT A MOTION A SECOND. 
          LET'S VOTE ON THIS. 
          SO IF YOU ARE WILLING TO TABLE THIS, PLEASE SAY, AYE. 
          AYE. 
          HI. 
          OPPOSED. 
          AYE. 
          AYE. 
          ALRIGHT. 
          SO THERE'S A FIVE TWO, RIGHT? SO FAILED. 
          KEN, PLEASE START. 
          ALRIGHT, GOOD EVENING, MAYOR CITY COUNCIL. 
          KEN SCHMIDT, DIRECTOR OF DEVELOPMENT SERVICES FOR THE TOWN. 
          UM, SO WITNESS REQUEST, UH, FOR A, UH, TRANSIT ORIENTED MIXED USE DEVELOPMENT, UH, AT THE FUTURE, UH, SILVER LINE STATION. 
          AS YOU NOTED EARLIER, THERE'S A LOT OF HISTORY FOR THIS PROJECT. 
          SO THAT BEGAN IN THE 1990S, UH, WHERE THE TOWN ACQUIRED, UH, THIS 13.7 ACRES OF LAND, UH, AS WELL AS THE LAND FOR ADDISON CIRCLE PARK, UH, TO, UH, BEGIN PLANNING FOR THIS FUTURE DEVELOPMENT IN 2018. 
          THE TOWN WENT THROUGH THAT, UH, SPECIAL AREA STUDY PROCESS, UH, FOR THE ADDISON CIRCLE SPECIAL AREA STUDY, WHICH PROVIDED A VISION FOR, UH, SEVERAL ELEMENTS OF ADDISON CIRCLE ONE AT THE NORTHWEST QUADRANT. 
          AND THEN OF COURSE, UH, HERE AT THE TRANSIT STATION AREA IN 2020, THE TOWN DID ENGAGE A REAL ESTATE ADVISOR, CUSHMAN AND WAKEFIELD, AND, UH, THE TOWN WORKED WITH CUSHMAN AND WAKEFIELD TO INITIATE AN RFP PROCESS. 
          UH, THAT WAS A YEAR LONG PROCESS THAT CULMINATED IN 2022 WITH THE SELECTION OF A CO-DEVELOPER TEAM OF AMK RESIDENTIAL AND STREAM REALTY PARTNERS. 
          SO TONIGHT THE TOWN IS AN APPLICANT, UH, WITH THESE CO-DEVELOPERS, UH, TO REQUEST APPROVAL OF THIS REZONING REQUEST, UH, WHICH INCLUDES THE CONCEPT PLAN DEVELOPMENT STANDARDS, AND A MASTER STREET SCAPE PLAN. 
          AND THEN FOUR DEVELOPMENT PLANS, UH, FOR EACH COMPONENT OF THEIR DEVELOPMENT PROGRAM. 
          UH, SO WITH THIS DEVELOPMENT PROGRAM, THE CONCEPT PLAN INCLUDES THOSE FOUR ELEMENTS. 
          UH, THIS REFLECTS, UH, ROUGHLY, UH, 350 MILLION IN INVESTMENT. 
          UH, LOOKING AT THIS IMAGE, I'LL START FROM, UH, THE LEFT SIDE OF THE IMAGE. 
          UH, THAT IS THE, UH, OFFICE AND PARKING STRUCTURE COMPONENT TO THE PROJECT. 
          SO THAT INCLUDES A SIX STORY OFFICE BUILDING, COMPRISING 160,000 SQUARE FEET OF OFFICE SPACE, UH, WITH 3,500 SQUARE FEET OF RETAIL SPACE AT THE GROUND FLOOR. 
          AND THEN AT THE, UH, IMMEDIATE CORNER OF, UH, ADDISON ROAD AND FESTIVAL WAY, UH, THAT INCLUDES A FREE-STANDING PARKING STRUCTURE COMPRISING OVER 600 PARKING SPACES. 
          IN ADDITION TO THAT, UH, THIS COMPONENT OF THE PROJECT WILL ALSO INCLUDE A FITNESS COURT AT THE EASTERN TERMINUS OF BROADWAY, UH, ADJACENT TO THE, UH, FUTURE TRANSIT STATION AREA. 
          UH, THE SECOND COMPONENT OF THE PROJECT, UH, MOVING TO THE EAST IS A RETAIL RESTAURANT, AN ENTERTAINMENT NODE. 
          UH, THIS WILL EVENTUALLY INCLUDE, UH, FIVE TO SEVEN SINGLE STORY BUILDINGS THAT WILL COMPRISE APPROXIMATELY 25,000, UH, SQUARE FEET OF RETAIL AND RESTAURANT AND ENTERTAINMENT SPACE. 
          THEN ALSO, I'LL HAVE SOME PROMINENTLY PROGRAMMED OPEN SPACE THAT REALLY SERVES AS A HUB OF SOCIAL ACTIVITY FOR THIS AREA. 
          THE THIRD COMPONENT OF THE DEVELOPMENT PROGRAM IS THE MULTI-FAMILY RESIDENTIAL TOWER. 
          THIS IS LOCATED AT THE, UH, SOUTHWEST CORNER OF FESTIVAL WAY IN QUORUM DRIVE. 
          THAT'S A 13 STORY TOWER, UH, COMPRISED IN 270 DWELLING UNITS AND 10,000 SQUARE FEET OF RETAIL SPACE AT THE FESTIVAL. 
          WAY FRONTAGE, UH, THAT INCLUDES A PODIUM PARKING STRUCTURE WITH OVERT 400 PARKING SPACES. 
          AND THE FOURTH AND FINAL COMPONENT, UH, IS A MID-RISE MULTI-FAMILY BUILDING AT THE NORTHEAST CORNER OF ARAPAHOE AND QUORUM DRIVE. 
          UH, THAT COMPONENT OF THE PROJECT INCLUDES 
          [02:15:01]
A MINOR REALIGNMENT OF SPECTRUM DRIVE TO PROVIDE FOR A BLOCK STRUCTURE THAT IS MOST CONSISTENT WITH ADDISON CIRCLE. 
          AND THEN IT WILL ALSO INCLUDE A 0.4 ACRE PARK AT THE EASTERN EDGE OF THE REALIGNED, UM, SPECTRUM DRIVE. 
          SO WITH THIS, THE APPLICANT HAS ALSO PRESENTED A PHASING PLAN. 
          UH, THIS PROJECT WILL REALLY KICK OFF, UH, PENDING, UH, ESTABLISHMENT OF AGREEMENTS WITH THE TOWN IN THE FALL OF 2023 WITH SITE INFRASTRUCTURE AND MOST NOTABLY, UH, RECONSTRUCTION AND ENHANCEMENT OF SPECTRUM DRIVE AND FESTIVAL WAY. 
          AND THEN THE OFFICE COMPONENT OF THE PROJECT AS WELL. 
          UH, IN FALL OF 2024, UH, THE MID-RISE, UH, RESIDENTIAL, UH, UH, BUILDING WILL AT, UH, THE NORTHEAST CORNER OF ARAPAHOE AND QUORUM WILL START FOLLOWED BY THE TOWER. 
          UH, AND THEN, UH, THE LAST COMPONENT OF THE PROJECT, THE, UH, RETAIL AND ENTERTAINMENT SPACE WILL, UH, BE INITIATED IN THE FALL OF 2025, UH, TO THE SOUTH OF THESE AREAS. 
          YOU SEE, UH, THE FUTURE PHASE TWO AND PHASE THREE, THAT INCLUDES ALL THE LAND, UH, OWNED BY DART, UH, THAT IS, WILL ULTIMATELY BE SUBJECT TO A, AN AGREEMENT AND GROUND LEASE, UH, BETWEEN THE TOWN AND DART. 
          UH, SO WITH THIS DEVELOPMENT, THE APPLICANT HAS PREPARED A SERIES OF RENDERINGS, UH, DEMONSTRATING THE, UH, PROPOSED DEVELOPMENT CHARACTER. 
          YOU SEE, UH, IT PROVIDES A, UH, PROMINENT FRONTAGE, UH, AND BOOKEND TO ADDISON CIRCLE PARK, PROVIDING BUILDINGS OF GREATER SCALE AND URBAN CHARACTER, AND THEN ALSO GREATLY ENHANCING FESTIVAL WAY AS A, UH, PEDESTRIAN ORIENTED STREET. 
          UH, HERE YOU SEE THE OFFICE BUILDING, UH, THAT IS THE NORTHEAST CORNER OF THE BUILDING, UH, THAT IS THE RETAIL SPACE AT THE GROUND FLOOR. 
          AND THEN, UH, TO THE LEFT OF THE OFFICE BUILDING, YOU SEE A, A PEDESTRIAN ONLY WAY THAT PROVIDES CONNECTIVITY TO THE TRANSIT STATION AREA. 
          AND THEN ADDISON CIRCLE PARK. 
          UH, HERE YOU SEE THE NORTHWEST CORNER OF THE OFFICE BUILDING WHERE IT BEGINS TO INTERACT, UH, WITH THE PARKING STRUCTURE, UH, TO ITS WEST. 
          UH, AND THEN ALSO YOU SEE THE FESTIVAL WAY STREET ESCAPE. 
          UH, YOU'LL SEE WITH THIS OFFICE BUILDING, UH, THEY PROVIDE RELIEF, UH, VIA, UH, VARIOUS OUTDOOR SPACES AND, AND, UH, PROJECTION, UH, OF THE BUILDING FACADE. 
          AND THEN HERE YOU SEE AN IMAGE OF THE PARKING STRUCTURE. 
          ONE OF THE, THE BENEFITS TO THIS BEING A FREE STANDING PARKING STRUCTURE AND ITS LOCATION AT THE WESTERN EDGE OF THE PROJECT IS, IT IS ONE EASY TO SEE, UH, BUT ALSO IT CREATES A, A STRONG OPPORTUNITY FOR, UH, PARK ONCE, UH, DEVELOPMENT WHERE PEOPLE, UH, VERY EASILY FIND THEIR WAY TO THIS PARKING STRUCTURE, PARK, GET OUT, AND THEN WALK THE REST OF THE WAY AS THEY, UH, VISIT THIS AREA. 
          UM, ALSO NOTE AT THE FESTIVAL WAY FRONTAGE, THESE A PROPOSED MURAL, UH, TO PROVIDE ADDITIONAL VISUAL INTEREST. 
          HERE YOU SEE THE, UH, PROPOSED RETAIL, UH, RESTAURANT AND ENTERTAINMENT HUB OF NOTE. 
          THESE ARE, UH, SINGLE STORY BUILDING. 
          SO IT PROVIDES A, UH, RELIEF AND SCALE AND, AND REALLY, UM, PROVIDES A LITTLE, UH, MORE HUMAN SCALE DEVELOPMENT, UH, ORIENTED ALONG A, A CENTRAL OPEN SPACE THAT REALLY PROVIDES A STRONG CONNECTION, UM, TO ADDISON CIRCLE PARK. 
          UH, YOU CAN'T SEE IT IN THIS IMAGE, BUT THAT IS WHERE THE STREET REALLY BECOMES A FESTIVAL STREET WHERE THERE'S IT'S CURBLESS AND IT PROVIDES A REAL STRONG TRANSITION INTO THE PARK. 
          AND THEN HERE IS THE MULTI-FAMILY TOWER. 
          UH, THIS IS, UH, WILL BE THE MOST PROMINENT RESIDENTIAL BUILDING IN ADDISON. 
          UH, IT IS ORIENTED, UH, TO TAKE ADVANTAGE OF THE VIEWS OF ADDISON CIRCLE PARK. 
          YOU SEE LOTS OF OUTDOOR SPACE AND THE UNITS FACING ADDISON CIRCLE PARK. 
          AND THEN YOU SEE RELIEF PROVIDED AT THE WESTERN END, UH, THROUGH THAT STEP DOWN TO FROM 13 STORIES TO FIVE STORIES. 
          UH, HERE YOU SEE THE BACKSIDE OF THAT BUILDING, UH, PARKING STRUCTURE, THE PODIUM. 
          IT'S SCREENED, UH, TO PROVIDE A, UH, AN AESTHETICALLY PLEASING VIEW, UH, FROM THE DART RAIL CORRIDOR. 
          AND THEN YOU SEE THE AMENITY DECK ON THE SIXTH FLOOR OF THAT BUILDING. 
          HERE YOU SEE THE MID-RISE MULTI-FAMILY BUILDING, ONCE AGAIN, A, A STRONG, UH, GROUND FLOOR RETAIL PRESENCE AT THAT QUORUM AND ARAPAHOE INTERSECTION. 
          AND THEN YOU SEE, UM, A, A MULTI-FAMILY BUILDING THAT'S, UH, ONCE AGAIN PROMINENTLY ENGAGING THAT CORRIDOR AND PROVIDING OUTDOOR SPACE AND ARCHITECTURAL LEAF THROUGH, UH, CHANGES IN BUILDING SCALE. 
          THEN HERE YOU SEE THE, UH, EASTERN SIDE OF THE BUILDING ALONG THE REALIGNED SPECTRUM DRIVE, UH, A NEW OPEN SPACE, UH, IN THE FOREGROUND. 
          AND THEN, UH, A BUILDING THAT, UH, PROVIDES AND, AND FOLLOWS THE, THE, UM, UH, PATH OF THE, UH, CURB LINEAR SPECTRUM DRIVE. 
          HERE YOU SEE SOME IMAGES OF THE STREET SCAPE. 
          UH, THIS IS THE OFFICE BUILDING. 
          UH, MOST PROMINENTLY YOU HAVE TALL RETAIL CEILINGS, LOTS OF GLAZING, SO REALLY STRONG RETAIL 
          [02:20:01]
PRESENCE AT THE, UH, GROUND FLOOR, REALLY PROVIDING A PEDESTRIAN FRIENDLY ENVIRONMENT. 
          SAME, UH, EFFECT FOR THE, UH, TOWER BUILDING AS WELL ALONG FESTIVAL WAY. 
          UH, VERY STRONG RETAIL PRESENCE. 
          AND THEN HERE YOU SEE AN IMAGE OF WHAT IS ENVISIONED FOR THE FITNESS COURT, UH, ADJACENT TO THE DART RAIL. 
          UH, THIS WILL ALSO BE IMMEDIATELY ADJACENT TO THE COTTON BELT TRAIL, A 12 FOOT REGIONAL TRAIL. 
          SO IT PROVIDES AN EXCELLENCE TRANSITION TO ANOTHER FITNESS ORIENTED ELEMENT THAT WILL SERVE THIS DISTRICT. 
          SO, UH, NOTED EARLIER THE MASTER STREET SKIP PLAN, THAT WILL BE A REGULATING PLAN FOR THIS PROJECT. 
          THIS PROVIDES FOR STREET SCAPE STANDARDS FOR EACH, UH, STREET IN THE TRANSIT ORIENTED DEVELOPMENT, MOST NOTABLY IS THE CHANGE OF FESTIVAL WAY. 
          CURRENTLY IT IS ANGLE PARKING, AND IT'S A MUCH WIDER SECTION TO PROVIDE A MORE PEDESTRIAN FRIENDLY ENVIRONMENT. 
          UH, THE ANGLE PARKING WILL BE REMOVED, UH, PARALLEL PARKING WILL BE RE PROVIDED, AND THE PARKING STRUCTURE WILL BE WHERE MOST OF THE PARKING OCCURS. 
          THIS WILL ALLOW FOR A MORE INTIMATE STREET SCAPE, AND IT'LL ALLOW FOR WIDER, UH, PEDESTRIAN, UH, TREATMENTS ALONG, UH, THE, UH, BUILDING EDGE AND ALONG EDISON CIRCLE PARK, ANYTIME WE REVIEW A REQUEST FOR REZONING, IT'S, UH, REALLY THE FIRST STEP IS TO REVIEW FOR COMPLIANCE WITH TOWN POLICIES. 
          UH, MOST NOTABLY, UH, WITH THIS REQUEST, OF COURSE, IS OUR COMPREHENSIVE PLAN. 
          OUR COMPREHENSIVE PLAN CALLED FOR, UM, THE ADDISON CIRCLE SPECIAL AREA STUDY. 
          SO THAT REALLY IS THE LAND USE POLICY THAT ADDRESSES, UH, THIS AREA. 
          AND THEN ALSO WE HAVE AMENITY AND TRANSPORTATION PLANS AND THE HOUSING POLICY, WHICH WE WILL ADDRESS AS WELL. 
          SO THIS IS THE ILLUSTRATIVE VISION, UH, UH, THAT WAS INCLUDED IN THE SPECIAL AREA STUDY TO REFLECT ONE OPTION OF WHAT THIS AREA COULD LOOK LIKE IN THE FUTURE. 
          UH, MOST NOTABLY, UH, WITH THIS, UH, POLICY DOCUMENT, UH, IT REALLY GUIDES FUTURE DEVELOPMENT IN THIS AREA BASED ON THE VISION GUIDING PRINCIPLES AND STRATEGIC DIRECTION THAT WAS ESTABLISHED AND APPROVED BY THE ADVISORY COMMITTEE THAT ADVISED THAT EFFORT. 
          AND THEN ULTIMATELY, BY CITY COUNCIL. 
          FEW HIGH POINTS HIGHLIGHTS THAT, UH, I WOULD SAY APPLY STRONGLY TO THIS PROJECT IS, UH, ONE, IT BEING A, UH, A GOAL OF THIS BEING A MAJOR DESTINATION ON THE SILVER LINE WITH THIS LEVEL OF DEVELOPMENT, INVESTMENT AND THIS PROMINENT VIEW AND THIS PROMINENT MIX OF DIVERSE LAND USES THAT CERTAINLY WILL ACHIEVE THAT. 
          UH, ALSO A PLACE TO LIVE, WORK, AND PLAY THAT IS ACHIEVED HERE. 
          THERE IS HOUSING, THERE IS OFFICE SPACE, AND THERE IS PLACES TO SOCIALIZE THAT IS VERY STRONGLY ACHIEVED HERE. 
          AND THEN ALSO STRENGTHENING THE TOWN'S TAX BASE, UH, WITH, UH, UP TO 472 MILLION, UH, IN INVESTMENT WITH ALL THREE PHASES THAT CERTAINLY WILL BE ACHIEVED. 
          UH, THE GUIDING PRINCIPLES EXPAND UPON THAT. 
          UH, SOME OF THOSE ADDRESS, UH, COMPATIBILITY AND EXTENDING THE CHARACTER OF THE ADDISON CIRCLE NEIGHBORHOOD. 
          THIS IS AN URBAN DEVELOPMENT, AND THE ADDISON CIRCLE NEIGHBORHOOD IS URBAN DEVELOPMENT. 
          IT CERTAINLY EXTENDS THAT PATTERN. 
          THIS IS A WALKABLE DEVELOPMENT IN THE SPIRIT OF ADDISON CIRCLE. 
          UH, THIS RESPECTS ADDISON AIRPORT. 
          IT DOES NOT INCLUDE RESIDENTIAL USES IMMEDIATELY ADJACENT TO THE AIRPORT. 
          IT TRANSITIONS THOSE AWAY FROM THE AIRPORT BY PROVIDING OFFICE AND THE PARKING STRUCTURE IMMEDIATELY ADJACENT TO THE AIRPORT. 
          AND THE HEIGHTS PROPOSED RESPECT THE, UH, REQUIREMENTS OF THE AIRPORT AS WELL. 
          UH, THE STRATEGIC DIRECTION, UH, ONCE AGAIN, THIS BEING A PROMINENT DESTINATION IN PROVIDING A PROMINENT, PEDESTRIAN ORIENTED CONNECTION BETWEEN ADDISON CIRCLE PARK AND THE TRANSIT STATION AREA. 
          THAT DEFINITELY ACHIEVES THAT THIS TWO PROMINENT NORTH SOUTH PEDESTRIAN ONLY CONNECTIONS BETWEEN THOSE TWO AREAS. 
          SO IT, UH, WE DO BELIEVE THIS PROJECT COMPLIES WITH THE SPECIAL AREA STUDY. 
          UH, ADDITIONALLY, WE HAVE THE ADDISON HOUSING POLICY, WHICH WAS, UH, UPDATED IN 2017. 
          THERE ARE FIVE COMPONENTS TO THIS. 
          WE REVIEW AS STAFF ARE ALL FIVE COMPONENTS OF THIS POLICY. 
          THE FIRST COMPONENT OF THAT, UH, ADDRESSES THE RATIO OF, UH, FEE SIMPLE OWNERSHIP HOUSING TO RENTAL HOUSING. 
          THIS DOES NOT ADD ANY OWNERSHIP HOUSING TO ADDISON. 
          UH, WITH THAT BEING SAID, THAT WAS DEMONSTRATED AS A CONCERN OF THE MARKET. 
          WHEN WE WENT THROUGH THE RFP PROCESS FOR THIS PROJECT. 
          THERE WAS NOT A SINGLE PROPOSAL THAT INCLUDED OWNERSHIP HOUSING, WHETHER THAT BE TOWN HOME FORM OF HOUSING OR CONDOS. 
          THERE WAS NO MARKET INTEREST DEMONSTRATED IN THAT PROCESS FOR THAT FORM OF HOUSING. 
          UH, THIS PROPOSAL DOES COMPLY WITH OTHER ELEMENTS OF THE 
          [02:25:01]
HOUSING POLICY, AND WE DO BELIEVE IT COMPLIES WITH THE OVERALL INTENT OF THE HOUSING POLICY AND THAT IT ACHIEVES A TRUE MIXED USE DEVELOPMENT THAT ENHANCES AN EXISTING NEIGHBORHOOD OF URBAN CHARACTERS. 
          SO THIS EXPANDS UPON ADDISON'S CIRCLE AND REALLY COMPLETES ITS SOUTHERN EDGE. 
          UH, ALSO THE SCALE DENSITY AND, AND TREATMENT OF THESE BUILDINGS REALLY GOES ABOVE AND BEYOND ANYTHING THAT WE'VE SEEN IN ADDISON. 
          IT GOES ABOVE AND BEYOND WHAT WE SEE IN MANY OF THE TRANSIT ORIENTED DEVELOPMENTS IN THIS REGION. 
          SO THIS WILL BE A TRUE GATEWAY, T O D FOR THE SILVER LINE CORRIDOR. 
          WHENEVER WE REVIEW REZONING REQUESTS, WE ALSO REVIEW FOR THE MITIGATION OF DEVELOPMENT IMPACTS. 
          THE FIRST THING WE LOOK AT IS RESIDENTIAL COMPATIBILITY. 
          THIS IS AN URBAN DEVELOPMENT BEING PROPOSED AT THE EDGE OF AN EXISTING URBAN DEVELOPMENT. 
          AND ADDISON CIRCLE, THE EXISTING ADDISON CIRCLE, HAS ROUGHLY FOUR TIMES, UH, THE AMOUNT OF URBAN HOUSING THAT IS PROPOSED WITH THIS PROJECT. 
          THE TYPES OF HOUSING IS COMPATIBLE WITH WHAT EXISTS IN ADDISON CIRCLE TODAY. 
          UH, THIS DEVELOPMENT DOES EVEN BEYOND THAT COMPATIBILITY. 
          IT HAS VERY SIGNIFICANT BUFFERS TO THE EXISTING ADDISON CIRCLE NEIGHBORHOOD. 
          IT'S SEPARATED BY A 10 ACRE PARK, UH, DART RAIL CORRIDOR AND QUORUM DRIVE, WHICH IS A MAJOR CORRIDOR. 
          UH, IT ALSO, AS I NOTED EARLIER, IS BUFFERED SUBSTANTIALLY FROM ADDISON AIRPORT BASED ON THE OFFICE USE BEING PLACED AT THE WESTERN EDGE OF THE PROJECT. 
          WE ALSO LOOK AT TRAFFIC GENERATION AND CIRCULATION. 
          UH, OF THE MOST PROMINENT COMPONENT OF THIS REVIEW FOR TRAFFIC WAS THE PROPOSED REALIGNMENT OF SPECTRUM DRIVE. 
          UH, WITH THAT, UH, THE APPLICANT'S TRAFFIC ENGINEER AND THE TOWN'S CONSULTANT TRAFFIC ENGINEER REVIEWED THAT MINOR SHIFT IN SPECTRUM DRIVE TO ENSURE THAT THERE WOULD BE NO CONFLICTS WITH THE, UH, EXISTING TRAFFIC PATTERN, AND THAT IT WOULD SUPPORT CURRENT TRAFFIC DEMAND AS WELL AS FUTURE TRAFFIC DEMAND GENERATED BY THIS PROJECT AND OTHER ANTICIPATED DEVELOPMENT. 
          IT DOES DO THAT, UH, WITH THIS PROJECT. 
          UH, THE TRAFFIC ANALYSIS ALSO IDENTIFIED A POSSIBLE NEED FOR A NORTHBOUND RIGHT TURN LANE ON ADDISON ROAD INTO THIS PROJECT THAT REQUIRES ADDITIONAL ANALYSIS DURING THE CIVIL ENGINEERING PLAN REVIEW PROCESS THAT MAY NOT ULTIMATELY BE REQUIRED, BUT THAT NEEDS TO BE PROVED UP. 
          SO THEY HAVE TO RESERVE RIGHT OF WAY FOR THAT IMPROVEMENT. 
          AS I NOTED EARLIER, MITIGATION OF IMPACTS DUE TO ADJACENCY TO ADDISON AIRPORT THAT INCLUDE INCLUDES HEIGHT AS WELL AS NOISE. 
          UH, THIS BUILDING, UH, THESE RESIDENTIAL BUILDINGS, WHICH ARE THE NOISE SENSITIVE LAND USES INCLUDED IN THIS PROPOSAL ARE OUTSIDE THE MOST RECENTLY MODELED ADDISON AIRPORT NOISE, CONTOURS 65 D N L CONTOUR. 
          ADDITIONALLY, UH, WITH THIS PROPOSAL, AND ULTIMATELY AT BUILDING PERMIT REVIEW, THE APPLICANT WILL HAVE TO DEMONSTRATE THAT THE BUILDINGS ARE WITHIN THE HEIGHT REQUIREMENTS REQUIRED, UH, BY, UH, FOR ADJACENCY TO THE AIRPORT. 
          UH, FINALLY, UH, WE EVALUATE IMPACTS ON PUBLIC SERVICES, TREE MITIGATION, AND THEN ALSO OTHER SITE CONFERENCES. 
          ONE OF THE MOST PROMINENT CHANGES TO THE FESTIVAL WAY STREET SCAPE IS THE REORIENTATION OF THE PARKING AND ALSO THE TREES THAT LINE THE SOUTHERN EDGE OF THAT STREET SCAPE. 
          DUE TO THE PHYSICAL CONSTRAINTS OF THAT AREA, THE APPLICANT IS PROPOSING TO TRANSPLANT, UH, MANY OF THOSE TREES AND USE THOSE AS PROMINENT ELEMENTS ADJACENT TO THE PARKING STRUCTURE AND OTHER COMPONENTS OF THE PROJECT. 
          IF THE APPLICANT FAILS TO SUCCESSFULLY TRANSPLANT THOSE TREES, THEY WILL HAVE TO FULLY MITIGATE ANY, UH, TREES THAT ARE LOST DURING THAT PROCESS. 
          AS THE LANDSCAPE AND TREE PRESERVATION PLAN IS CURRENTLY, UH, DEPICTED, ALL TREE REMOVAL IS FULLY MITIGATED ONSITE IN COMPLIANCE WITH TOWN REQUIREMENTS. 
          UM, OTHER SITE ENCUMBRANCES INCLUDE THE DART RIGHT OF WAY. 
          OF COURSE, THE APPLICANT AND TOWN STAFF IS WORKING, UH, WITH DART STAFF TO ADDRESS ANY CONFLICTS. 
          AND THEN, UH, ENCORE AS WELL. 
          SO, WITH THIS REQUEST, TOWN DID NOTIFY ADJACENT PROPERTY OWNERS IN ACCORDANCE TO TOWN AND STATE REQUIREMENTS. 
          UH, 25, UH, NOTICE OF WERE SENT OUT. 
          UH, WE DID NOT RECEIVE ANY WRITTEN RESPONSES FROM THE ADJACENT PROPERTY OWNERS. 
          HOWEVER, WE DID RECEIVE, UH, HAVE TWO PROPERTY OWNERS ON BROADWAY, UH, COME TO THE PLANNING AND ZONING COMMISSION MEETING AND SHARE, UM, QUESTIONS AND CONCERNS TO ENSURE THAT THIS PROJECT WAS NOT GONNA RESULT IN LOSS OF THEIR PROPERTY. 
          UH, STAFF DID CONFIRM AT THAT TIME THAT 
          [02:30:01]
THAT WOULD NOT BE THE CASE, AND WE ALSO ADDRESSED CONCERNS THEY HAD WITH REGARDS TO THE FUTURE, UH, ALIGNMENT OF THE, UH, AND TERMINUS OF BROADWAY. 
          NOW THAT THE RAIL STATION IS GOING IN. 
          UM, WE ALSO, UH, LEADING INTO THIS MEETING DID HAVE, AND THIS IS REFLECTED IN THE PACKET ONE EMAIL THAT WAS NEUTRAL IN ONE EMAIL THAT REQUESTED DELAY. 
          UH, WE DID HAVE TWO, UH, SPEAKERS AT THE P AND Z MEETING OPPOSED IN THE PROJECT. 
          UH, THOSE TWO SPEAKERS HAVE ALSO SUBMITTED, UH, LETTERS OF OPPOSITION, UH, FOLLOWING POSTING OF THIS PACKET, AS WELL AS TWO ADDITIONAL, UH, RESIDENTS THAT WHO HAVE SUBMITTED, UH, LETTERS OF OPPOSITION FOLLOWING POSTING OF, OF THE PACKET, WHICH I BELIEVE COUNCIL WAS IN REC RECEIPT OF AS WELL. 
          UM, ONCE AGAIN, THIS IS NOT A NEW PROJECT. 
          THERE'S BEEN A LOT OF COMMUNICATION AND ENGAGEMENT LEADING UP TO THIS POINT, STARTING WITH THE SPECIAL AREA STUDY, CONTINUING THROUGH WITH THE M MOU AND THE MANY TIMES THAT COUNCIL HAS PRESENTED AT, UH, TOWN HALL MEETINGS ON THIS TOPIC. 
          AT THE JANUARY PLANNING, ZONING COMMISSION MEETING, THE COMMISSION DID VOTE, UH, TO APPROVE THIS RESOUNDING OF REQUEST AS WELL AS THE FOR DEVELOPMENT PLANS BY VOTE OF SEVEN ZERO, UH, STAFF DOES RECOMMEND APPROVAL OF THIS REQUEST. 
          IT COMPLIES WITH TOWN POLICY, AND, UH, IS WITHIN AND MEETS THE SPIRIT OF THE M MOU THAT THE TOWN ENTERED INTO WITH THE CO-DEVELOPER TEAM. 
          UH, WE RECOMMEND APPROVAL, UH, WITH THE CONDITIONS LISTED, UH, IN THE STAFF REPORT FOR THIS REZONING REQUEST, AS WELL AS THE CONDITIONS NOTED IN EACH DEVELOPMENT PLAN REQUEST. 
          ALRIGHT, HAPPY TO ANSWER ANY QUESTIONS THAT YOU HAVE. 
          WE DO HAVE THE TEAMS FROM AM, EMILY AND STREAM AVAILABLE AS WELL. 
          LET ME DO THIS. 
          DO WE HAVE A QUESTION BEFORE I OPEN UP? I DO HEARING? YEAH, GO AHEAD. 
          UH, QUICK QUESTION ON PAGE 31, THE THE ONE YOU'RE ON, ON THE, THE SUBJECT COMPATIBILITY WITH THE AIRPORT, YOU KNOW, HEIGHT AND NOISE RESTRICTIONS. 
          UM, IS THIS BASED ON THE NEW NOISE CONTOUR THAT YOU'VE WORKED ON WITH THE FAA OR THE, YOU KNOW, IS THERE, IS THERE GONNA BE A, A DISCREPANCY BETWEEN THE TWO DIFFERENT, YOU KNOW, THE PREVIOUS STUDY AND THE, A FUTURE STUDY? IN DISCUSSIONS WITH THE, UH, DIRECTOR OF AVIATION, JOEL JENKINSON, UH, AS WE'VE REVIEWED THIS ITEM, HE BELIEVES THAT AND IS VERY CONFIDENT THAT THE NEW STUDY WOULD APPLY. 
          IT APPLIES THE REQUIRED METHODOLOGY THAT IS REQUIRED BY THE FAA, UH, TODAY. 
          AND IT ALSO ACCOUNTS FOR VERY AGGRESSIVE GROWTH, AND IT ACCURATELY DEPICTS THE AIRCRAFT MIX THAT IS IN USE AT ADDISON AIRPORT TODAY AND MOVING FORWARD. 
          OKAY, THANK YOU. 
          UM, ON PAGE 25, THERE, THERE'S A CO THE COMMENT, UH, THE STATEMENT THAT THE PLAN DOES NOT, UH, INCREASE THE PROPORTION OF FEE SIMPLE OWNERSHIP IN ADDISON. 
          AND YOU TALKED ABOUT HOW WHEN YOU WENT, UH, PUT THE RF RFI RFP, YOU KNOW, OUT THERE, UM, IS THERE ANY REASON THAT YOU WOULD BELIEVE THAT, UM, HOME FEE SIMPLE HOME DEVELOPERS DIDN'T HAVE ACCESS TO THE RFP? OR IS THERE, UM, ANY REASON IN YOUR MIND, THIS IS JUST YOUR OPINION ABOUT WHY FEE SIMPLE HOME DEVELOPERS WOULD NOT HAVE RESPONDED TO THIS? UM, OTHER THAN, UM, JUST A SIMPLE MARKETPLACE, UH, YOU KNOW, IT JUST, THE MARKETPLACE IS NOT IN A POSITION TO, THERE'S NOT A MATCH. 
          THE MARKETPLACE DOESN'T, THE FEE SIMPLE HOME BUILDERS DON'T MATCH THE, THE PROJECT. 
          CAN YOU GIVE US MORE FLAVOR OF THAT? SURE, SURE. 
          SO THE RFP CRITERIA REALLY WAS INTENDED TO, UH, ACHIEVE A PROJECT OF, UH, GREATER BUILDING SCALE. 
          SO, TOWNHOME DEVELOPMENT, FOR EXAMPLE, WOULD NOT HAVE BEEN ABLE TO MEET THE CRITERIA OF THE RFP. 
          WHAT WOULD'VE BEEN ABLE TO MEET THE CRITERIA OF THE RFP WOULD BE CONDOS IN A STACKED FLAT FORMS. SO ESSENTIALLY A MULTI-UNIT BUILDING, JUST LIKE WHAT IS BEING PRESENTED, UH, BY, UH, THIS PROPOSAL EXCEPT OWNERSHIP INSTEAD OF RENTAL. 
          THE CHALLENGE WITH CONDO DEVELOPMENT, AND WE, WE'VE DISCUSSED IT A LOT, UH, WE'VE, WE HAVE, UH, SEVERAL PAGES OF ANALYSIS ON THAT. 
          AND THE TOWN'S HOUSING. 
          F FAQ IS, CONDO DEVELOPMENT HAS NOT BEEN EMBRACED BY OUR STATE. 
          UH, THERE ARE CERTAINLY SEVERAL SUCCESSFUL PROJECTS. 
          WE HAVE ONE, UH, HERE IN TOWN WITH A VENTURA, BUT, UH, WE ALSO HAVE PROJECTS THAT HAVE STRUGGLED. 
          UH, AND JUST IN GENERAL, CONDOS HAVE NOT BEEN EMBRACED BY OUR STATE AND, AND DFW IN 
          [02:35:01]
PARTICULAR. 
          UM, SO THERE WAS NOT INTEREST FROM A CONDO DEVELOPER. 
          I WOULD LOVE FOR ONE TO, TO, UH, KNOCK ON MY DOOR AND, AND PRESENT A PROJECT IN ADDISON, CUZ IT WOULD MAKE MY JOB A LOT EASIER. 
          , IT JUST, JUST HASN'T HAPPENED. 
          THE CONDO PROJECT THAT WAS RECENTLY COMPLETED, UH, IN ADDISON CIRCLE, UH, WAS A LOW RISE PROJECT. 
          UH, 90 UNITS COMPRISED IN ABOUT FIVE BUILDINGS. 
          IT TOOK 10 YEARS FOR THAT TO BE COMPLETED. 
          THE CHALLENGE WITH CONDOS ALSO IS THAT THERE'S A LOT OF LIABILITY ASSOCIATED WITH CONDO DEVELOPMENT. 
          SO AS THOSE GET BUILT OUT AND AS THE NEW OWNERS, UH, TAKE OWNERSHIP OF THEIR, THEIR NEW HOMES, UH, THERE'S, UH, A LONG GLIDE PATH BY WHICH THE DEVELOPER IS SUBJECT TO, UH, LAWSUITS AS IT RELATES TO CONSTRUCTION DEFECTS. 
          AND WE'RE SEEING THAT IN THE PROJECT THAT WE HAVE NOW. 
          AND, AND THAT IS ONE OF THE MAIN DRIVERS FOR WHY, UH, TOWNHOME DEVELOPMENT, UH, IS, UM, SUPPORTED MUCH STRONGER HERE IN DFW. 
          UH, ALSO PLAYING INTO THAT IS WE'RE NOT AS DENSE AS NEW YORK, CHICAGO, LA WHERE CONDOS ARE MUCH MORE SUCCESSFUL. 
          UM, IT'S MUCH, MUCH, MUCH EASIER TO DO A TOWNHOME PROJECT OR A RENTAL MULTI-FAMILY PROJECT THAN IT IS A CONDO DEVELOPMENT. 
          THE REALLY, THE, THE ONES THAT DO MOVE FORWARD ARE THE ULTRA LUXURY CONDOS. 
          SO WHEN YOU'RE TALKING $2 MILLION UNITS, SECOND HOMES, YOU SEE THAT, UH, CERTAINLY IN THE TURTLE CREEK AREA, DALLAS, YOU'RE SEEING THAT AT LEGACY WEST. 
          YOU'RE SEEING IT TO A LIMITED EXTENT, UH, SAY IT LIKE LAKESIDE, DFW AND FLOWER MOUND, BUT YOU'RE NOT SEEING THE, THE 500,000, THE $800,000 RANGE. 
          CUZ WHAT GETS BUILT IN THAT RANGE IS TIME HOMES. 
          THAT'S GOOD. 
          UH, THAT'S GOOD CONTACT CONTEXT. 
          AND AS I RECALL, UM, YOU KNOW, AN IMPORTANT PART OF THIS CONVERSATION AS WE LOOK BACK TO THE HISTORY, AND YOU MENTIONED THIS, AND TOM MAY HAVE SOME MORE FLAVOR BECAUSE YOU WERE INVOLVED IN THAT SUBCOMMITTEE THAT WAS REALLY BUILDING OUT THE INITIAL, UH, T O D FOUNDATIONAL VISION AND HOW IT WAS GONNA ALL KIND OF COME TOGETHER. 
          BUT WE WANTED TO GO BIG AND WE WANTED, WE WERE LOOKING AT THIS AGAIN FROM, UH, FROM A LONG-TERM PERSPECTIVE AND ALSO FROM A REGIONAL PERSPECTIVE, IN THAT WE WANTED TO BRING PEOPLE INTO ADDISON AND MAKE ADDISON A DESTINATION POINT AND CREATE SOMETHING STICKY AND SOMETHING THAT ALSO, UH, FLIES IN FORMATION WITH OUR ECONOMIC DEVELOPMENT, UH, PLAN, WHICH I INVOLVES PLACEMAKING. 
          UH, THERE WAS A LOT OF FINE DETAILS THAT WERE ASSOCIATED WITH THE CONVERSATIONS AND THE RUN UP TO THIS DEVELOPMENT. 
          AND SO IF YOU LOOK AT THIS PROJECT, YOU CAN SEE IN THE RENDERINGS, YOU CAN SEE THE RESULTS OF THAT, WHICH IS, UH, SOMETHING THAT'S COMPLETELY DIFFERENT THAN, YOU KNOW, BUILDING, BUILDING OUT NEAR, UH, OAKS NORTH OR IN OAKS NORTH OR MIDWAY MEADOWS. 
          UM, AS THE MAYOR ALLUDED TO EARLIER, THE T O D YOU KNOW, AROUND THE TRAIN STATION IS OUR ONLY OPPORTUNITY AND OUR LITTLE SECTION OF THE WORLD TO SHINE AND SHOW THE WORLD WHO ADDISON IS AND ATTRACT THOSE PEOPLE FROM THE REGION TO COME IN AND PARTAKE IN THE ADDISON WAY. 
          AND SO I THINK THAT'S AN IMPORTANT CONTEXT AS WE'RE HAVING THE CONVERSATION AROUND HOUSING TYPE. 
          UM, AND I DIDN'T KNOW, TOM, IF YOU HAD ANY OTHER, YOU KNOW, THOUGHTS ON WHEN YOU AND IVAN AND, AND WAS IT PAUL OR GQ? YOU, YOU GUYS WERE REALLY IN ON THE NERVE CENTER OF KIND OF, OF GETTING ALL THAT TOGETHER? WELL, I MEAN, I, I, I KNOW THAT, YOU KNOW, ONE QUICK THING OUR, YOU, IT WAS BEFORE YOUR TIME, SO TALKING ABOUT , UM, A VENTURA DIDN'T START OUT WITH A, TO BE A GREAT PROJECT. 
          THERE WAS ISSUES WITH THAT PROJECT AS WELL. 
          I'M GLAD THAT THAT'S, THAT'S BEHIND US. 
          BUT THAT WAS, THAT WAS BACK IN THE EARLY, LIKE 2004, 2005. 
          THERE WAS ISSUES WITH THAT DEVELOPER AS WELL. 
          SO THERE'S ALWAYS A PROBLEM WITH LIABILITY FOR THAT TYPE OF, THAT TYPE OF PRODUCT. 
          UM, YOU KNOW, I'VE, I'VE BEEN AROUND DOING, I MEAN, KIND OF INVOLVED WITH A LOT OF THESE STUDIES AND STUFF OVER THE YEARS AND THIS WHERE YOU HAVE A 2013 COMPREHENSIVE PLAN, RIGHT? AND THAT'S ALL, THAT'S THE ONLY THING WE HAVE TO GO BY. 
          THAT'S WAS SET UP, UM, YOU KNOW, BACK IN 2013 WAS ESTABLISHED. 
          THIS IS, THIS IS PART OF THIS T O D THING. 
          IT SAYS, WHILE, WHILE EVERY SUB IN THE AREA IS FIGHTING AGAINST MULTI-FAMILY PROJECTS AND INSISTING ON LOWER DENSITY, ADDISON WOULD 
          [02:40:01]
EMBRACE THEM AND INSIST ON HIGHER DENSITIES. 
          THAT WAS PART OF THE, I MEAN, THAT WAS ALWAYS, WE'VE ALWAYS THOUGHT THAT THAT WAS GONNA BE A HUB. 
          I MEAN, IT'S, YOU KNOW, IT'S DIFFERENT THAN WHAT RICHARDSON HAS OVER THERE, WHERE THEIRS IS, YOU KNOW, MORE OFFICE CENTRIC. 
          BUT OF COURSE, IT WAS BUILT BEFORE COVID, RIGHT? I MEAN, GRANTED, WE'D PROBABLY LIKE TO HAVE OFFICES. 
          WE GOT A LOT OF OFFICES NOW THAT NEED TO BE FILLED. 
          SO IT'S A HARD THING TO HAVE JUST OFFICES. 
          RIGHT. 
          AND WE WOULDN'T WANT THAT ANYWAY. 
          AND, YOU KNOW, I WAS ON, ON A, PRIOR TO THE INWOOD ROAD, I WAS ON THAT ONE, THE LAST INWOOD ROAD THING. 
          BUT WHEN I WAS ON COUNCIL WITH TODD MEYER AND I HAD A SUBCOMMITTEE, AND WE WENT TO TALK TO PEOPLE ON INWOOD ROAD ABOUT, YOU KNOW, THE DIFFERENT DEVELOPERS. 
          WE WENT AND TALKED. 
          WE, HE AND I JUST WENT OUT AND MADE APPOINTMENTS, TALKED TO DIFFERENT DEVELOPERS AROUND TOWN. 
          EVERY SINGLE ONE OF 'EM SAID, WE NEED TO HAVE SOME KIND OF A, SOME KIND OF AN ANCHOR LIVING COMPONENT THERE. 
          NOT THERE, THERE WASN'T A SINGLE ONE OF THEM EVEN BACK THEN. 
          THIS WOULD'VE BEEN BACK IN 2005 SIX, RIGHT? THERE WASN'T A SINGLE ONE OF 'EM THAT, THAT SAID, WE WANNA BUILD TOWNHOUSES IN THERE. 
          THEY JUST, THEY COULDN'T. 
          BUT OF COURSE, INWOOD ROAD'S A DIFFERENT STORY. 
          WE CAN'T BUILD APARTMENTS THERE BECAUSE IT'S IN THE NOISE CONTOUR. 
          YEAH. 
          SO THAT WAS, SO NOW WE HAVE, NOW WHAT WE HAVE IS INWOOD ROAD RIGHT NOW THAT WE DON'T, EVERYBODY ELSE CAN SELL LIQUOR. 
          THAT USED TO BE WHAT THAT WAS KNOWN FOR. 
          NOW THAT'S DETERIORATING OVER THERE. 
          SO, YOU KNOW, WE GOTTA, THINGS CHANGE OVER TIME. 
          COVID CHANGED THINGS, LIQUOR SALES CHANGE THINGS. 
          I THINK, YOU KNOW, BUT ALL ALONG, WAY BACK IN THE EIGHTIES, THESE GUYS STARTED, YOU KNOW, I GUESS OUR FOUNDING FATHERS SAW ADDISON AS DIFFERENT 4.3 SQUARE MILES. 
          AND WE'VE GOT A MILE AND A HALF OR MORE OF IT THAT WE CAN'T BUILD ANYTHING ON ANY KIND OF RESIDENTIAL BECAUSE OF THE AIRPORT. 
          WE ARE, WE'RE LIKE A LITTLE SPOT, RIGHT? I MEAN,  COMPARED TO ALL THESE OTHER TOWNS THAT HAVE, THAT HAVE PLENTY OF ROOM FOR SINGLE FAMILY HOUSING, RIGHT? WE'RE THREE SQUARE MILES. 
          HOW BIG ARE EVERY OTHER TOWN AROUND HERE? YOU KNOW, FRISCO'S, I DON'T, I DON'T KNOW HOW BIG THEY ARE NOW. 
          200. 
          HOW DO YOU KNOW? 64 SQUARE MILES. 
          64 SQUARE MILES. 
          SO WE'RE LESS THAN THREE. 
          I MEAN, AND, AND FOUR. 
          HUH? 4.3. 
          4.3. 
          BUT I'M SAYING PHY. 
          I MEAN, AIRPORTS IS RESTRICTING A BUNCH OF THE STUFF. 
          SO ONE SECOND. 
          YOU KNOW, THIS IS, YOU'RE RIGHT, THIS HAS ALWAYS BEEN, WE'VE ALWAYS, EVERY ONE OF THESE DOCUMENTS, I'VE REVIEWED A BUNCH OF 'EM AGAIN TODAY. 
          IT'S GOOD TO GO BACK AND LOOK AT HISTORY FROM WAY BACK IN THE BEGINNING WE'VE ALWAYS SAID OUR SUCCESS IS GONNA BE TO BE MORE DENSE, MORE URBAN. 
          RIGHT? AND WE DID RECOGNIZE THAT WE'D LIKE TO HAVE MORE HOME, HOME OWNERSHIP INSTEAD OF RENTAL THINGS, BUT SHORT OF COMING OUT SAYING, OKAY, WE'RE GONNA PAY SOMEBODY TO BUILD THIS STUFF. 
          AND, YOU KNOW, MAYBE IN THE FUTURE THAT'S WHAT THE CITIZENS WANT. 
          BUT , I, I KNOW WHAT, I MOVED IN, IN 92. 
          I KNEW THIS, I MOVED IN WHEN I WAS 29 YEARS OLD IN MY HOUSE. 
          I LOVED ADDISON. 
          I REMEMBER REMEMBER TELLING PEOPLE, THEY SAID, WHERE DO YOU LIVE? I SAID, ADDISON, I DIDN'T KNOW THERE WAS ANY HOMES IN ADDISON. 
          YEAH, BACK THEN THERE WAS 12% OF THE HOUSES WERE OWNERSHIP, 88% WERE RENTAL. 
          THAT'S, I MEAN, THAT'S BEEN OUR DNA AT LEAST SINCE I'VE BEEN AROUND SINCE THE SEVENTIES. 
          SO, I MEAN, BUT AS FAR AS THE TRANSIT ORDER DEVELOPMENT, THAT'S ALWAYS, YOU KNOW, THAT'S ALWAYS BEEN THE GOAL. 
          TO HAVE DENSITY THERE, TO HAVE A, A PLACE OF BEING. 
          I MEAN, WE DON'T WANT TO, THERE'S OTHER, THERE'S OTHER STATIONS AROUND TOWN RIGHT NOW ON FROM OTHER DART STUFF THAT IT'S NOT A STATION. 
          IT'S NOT A, IT'S NOT A DESTINATION. 
          IT'S JUST A, IT'S A PARKING LOT. 
          AND WHEN THERE'S TO HIS, TO ONE OF THE COMMENTS BEFORE ABOUT WE NEED TO HAVE SOMETHING THERE, BECAUSE THOSE OTHER STATIONS, YOU END UP WITH ALMOST PEOPLE MAKING CAMPS THERE AND EVERYTHING ELSE. 
          YOU NEED TO HAVE AC YOU NEED TO HAVE ACTIVITY, YOU NEED TO HAVE SOMETHING THERE. 
          SO, YEAH, I THINK PART OF THE CON SOME OF THE CONVERSATIONS THAT I'VE HAD WITH COMMUNITY MEMBERS AS WELL IS BEFORE, BEFORE WHEN THE, THE INNOVATION OF ADDISON'S CIRCLE WAS BUILT, WHICH IN ITS INCIPIENT STAGES WAS A GREAT INNOVATION, WE KIND OF STARTED THE WHOLE ADDISON CIRCLE CONCEPT. 
          AND THEN BY THE TIME IT SWEPT UP TO, TO PLANO, IT BECAME, UH, MORE ADVANCED CONCEPT. 
          AND THEY LEARNED FROM OUR, UH, THEY LEARNED FROM US AND THEY BUILT ON IT. 
          YOU KNOW, AND, AND YOU'VE GOT LEGACY WEST NOW, WHICH IS A CONCEPT THAT'S, UH, THAT GENERATES A LOT OF, OF STICKINESS. 
          IT GENERATES A LOT OF COMMUNITY, YOU KNOW, CONNECTIVITY BETWEEN PEOPLE, A 
          [02:45:01]
GATHERING SPOT, A PLACEMAKING SPOT. 
          AND ALSO, OH, BY THE WAY, A A TAX, UH, REVENUE GENERATION SPOT. 
          AND SO AS WE LOOK TO THE TRANSIT ORIENTED DEVELOPMENT, IT SEEMED LIKE OUR CHANCE, YOU KNOW, TO SHINE AND TO BE ABLE TO SHOWCASE ADDISON WITH SOMETHING SPECTACULAR. 
          AND, UH, I THINK THIS, THIS VISION AND THIS PLAN DOES JUST THAT. 
          AND I THINK YOU WERE GOING TO, UH, ASK, YOU KNOW WHAT, SINCE WE WANT AWARD FOR MIXED USE DEVELOPMENT IN FOR EDISON CIRCLE, AND THEN LEXI'S PLANO STARTED LEXIE TOWN CENTER, THEN SOUTH LAKE, THEN RICHARDSON. 
          SO EVERYBODY COPIED US TO BE WHERE THEY ARE. 
          SO WE ESPECIALLY, YOU KNOW, WE NEED TO GET THOSE YOUNG TALENTS TO EDISON. 
          SO THAT'S THE STYLE OF LIVING THEY LIKE. 
          THEN THEY CAN ALSO, THIS CIVIL LINE WILL CONNECT BEAUTY DOLLARS SCHOOL, COLLEGE TO ADDISON AND TO DFW AIRPORT. 
          SO I CAN FIND BETTER PROJECT THAN THIS. 
          YES. 
          WELL, JOE AND LAURIE, I KNOW YOU BOTH LIVE IN ADDISON CIRCLE NOW. 
          JOE, YOU'RE I ON ON EDGE. 
          MM-HMM. 
           AND, AND CERTAINLY WE LIVED THERE FOR 12 YEARS AND LOVED THE EXPERIENCE. 
          AND IF IT HADN'T BEEN FOR THREE FLIGHTS OF STAIRS AND MY KNEES GETTING ALL, WE'D PROBABLY STILL LIVE THERE. 
          BUT, UM, THAT'S THE TRUTH. 
          SO I, I THINK THAT THIS IS A KIND OF PROJECT THAT IS GOING TO BE A GREAT ASSET TO ADDISON AND IT'S GOING TO BRING THE YOUNG PEOPLE. 
          I MEAN, ONE OF THE THINGS THAT I KEEP THINKING ABOUT IS IF I WERE A PILOT OR IF I WERE A FLIGHT ATTENDANT, AND I DON'T WANNA HAVE TO DEAL WITH A HOME BECAUSE I TRAVEL ALL THE TIME TO BE 20. 
          DID YOU SAY 22 MINUTES? IS THAT IT, JOE, TO THE AIRPORT? 22 MINUTES. 
          FUN, ADDISON PRESENT. 
          WHAT AN INCREDIBLE PLACE TO, TO BE ABLE TO LIVE AND DO ALL KINDS OF FUN THINGS AND RESTAURANTS AND ACTIVITIES. 
          I WOULD ABSOLUTELY LIVE THERE. 
          IF I HAD ONE OF THOSE PROFESSIONS AND COULD JUMP ON THE SILVER LINE, I WOULDN'T EVEN HAVE TO HAVE A CAR AND JUST GO STRAIGHT TO WORK. 
          SO I, I SEE LOTS OF OPPORTUNITIES FOR THE TOWN, CERTAINLY. 
          SO, QUESTION. 
          SO ON SLIDE FIVE, YOU HAVE THE, UH, THE START DATES. 
          WHAT'S THE COMPLETION DATES? IS IT PLUS TWO YEARS ON ALL OF THAT, OR EACH ONE OF THOSE DATES OR? OH, GENERALLY TWO TO THREE YEARS. 
          OKAY. 
          UM, NOW THAT WE HAVE THE CONSIDERATION OF DELAY QUESTION OUT OF THE WAY, WE CAN MOVE ON TO THE OTHER QUESTIONS. 
          UM, SLIDE, UM, 30, GQ COVERED THIS ALSO. 
          UM, SO THE PROJECT COMMUNICATION THAT'S KEY FOR PEOPLE TO REALIZE IS IT'S BEEN COMMUNICATED, IT'S BEEN EVALUATED, IT'S BEEN LET ALONE ALL THE POLICY AND THE STRATEGY DOC AND, AND OR HIGH DENSITY IS THE STRATEGY. 
          AND THAT'S PART, PART OF THAT CONVERSATION. 
          SO, UM, IT WAS APPROVED IN PLANNING AND ZONING BY, UH, SEVEN ZERO BY THE COMMISSION. 
          WAS THERE A SPEAKER THERE FROM ONE OF THE, UH, FEE SIMPLE, UH, COMMUNITIES? I BELIEVE SO HE LIVED ON SPECTRUM, WHICH WOULD SUGGEST THAT HE'S EITHER IN THE TOWN HOMES OR IN MICRO. 
          UM, I BELIEVE, I THOUGHT I SAW IT IN THERE AND I, I KNOW I SAW IT IN OUR AGENDA THAT IT WAS JOE PEDROSO FROM DISTRICT A. 
          HE'S THE, HE LIVES IN A TOWN HOME. 
          OKAY. 
          HE'S THE, UM, HOMEOWNER'S ASSOCIATION PRESENT. 
          SO THERE'S FEE SIMPLE PEOPLE ON, UM, ADDISON CIRCLE THAT SEE THIS, ALL THESE PEOPLE LIVING IN ALL THIS HIGH DENSITY THEY EAT EVERY DAY. 
          ALL OF 'EM EAT EVERY, MOST OF 'EM EAT THREE TIMES A DAY. 
           AND ALL THOSE RESTAURANTS. 
          I SAID THAT BEFORE. 
          YOU REUSE MY JOKE. 
          . 
          UM, DO I HAVE ANY OTHER QUESTIONS? I DON'T, I DON'T THINK I HAVE. 
          SO, AND THE CURRENT ZONING IS ALREADY COMMERCIAL. 
          IT'S ALREADY, UM, YEAH, SO ONE OF THE, THE THINGS ABOUT THE, THAT DELAYED QUESTION WAS WE'RE REZONING SOMETHING TO MULTI-FAMILY. 
          THAT'S ONE OF THE, THAT'S WHAT'S ONE OF THE ROUGH WAS, AND THAT WAS THE REALLY THE ONLY RUB ON THAT DELAY QUESTION. 
          I DON'T HAVE ANY QUESTIONS, ANY FURTHER QUESTIONS RIGHT NOW. 
          SO ARE, ARE, ARE WE REZONING THE MULTI-FAMILY 
          [02:50:01]
OR CHA OR ESTABLISHING THAT AS A ACCEPTABLE IN A PD PD? SO THIS IS, THAT'S DIFFERENT THAN ZONING. 
          WE DON'T HAVE GO AHEAD. 
          I'M SORRY. 
          DED ZONING DISTRICT CURRENTLY, THERE'S, SO PART OF THE LAND IS ZONED URBAN CENTER. 
          UM, BUT THERE'S NO DEVELOPMENT PLAN OR CONCEPT PLAN APPROVED FOR THAT URBAN CENTER ZONING. 
          SO, UH, MULTI-FAMILY IS A PERMITTED USE IN THAT DISTRICT. 
          SO TECHNICALLY YOU COULD DO A LITTLE BIT OF MULTI-FAMILY BY RIGHT. 
          PROVIDED THAT THE COUNCIL, UH, PZ AND COUNCIL APPROVED THE DEVELOPMENT PLAN FOR THAT. 
          BUT YOU'RE EXPANDING THE, UH, MULTI-FAMILY USE WITH THIS ACTION. 
          RIGHT? BUT, BUT IT'S, BUT IT'S TRULY, I MEAN, IT'S REAL, REALLY A, A PD. 
          YES. 
          I MEAN, DO WE, DO, WE DON'T EVEN, TOWN DOESN'T HAVE ANY MULTI, DO WE HAVE MULTI-FAMILY ZONING? WE DO HAVE SOME LEGACY LEGACY STUFF FROM BACK IN THE SIXTIES PROBABLY, RIGHT? YES. 
          BUT OTHER THAN THAT, WE DON'T EVEN HAVE THAT AS A, THAT'S NOT EVEN A, I MEAN, IT'S NOT USE, RIGHT? I MEAN, CAUSE WE, SOME MULTI-FAMILY ALLOWED, OBVIOUSLY IN MIXED USE DEVELOPMENT. 
          THAT'S KIND OF THE DIRECTION THAT WE'VE BEEN OPERATING UNDER. 
          WE DON'T HAVE A BASE ZONING DISTRICT THAT IS MULTI-FAMILY ORIENTED THAT HAS BEEN USED ANY, ANY TIME IN RECENT HISTORY. 
          AND WHEN I SAY THAT OVER 30 YEARS. 
          YEAH. 
          AND WITH THAT, THAT'S A WHOLE NOTHER CONVERSATION. 
          I MEAN, THIS WAS A WHOLE NOTHER LONG, DEEP, MULTI-YEAR LONG CONVERSATION ABOUT ZONING AND PLAN DEVELOPMENT AND MOVING TO PLAN DEVELOPMENT SO THAT WE COULD HAVE THE FLEXIBILITY TO BE, UH, UH, YOU KNOW, TO BE PROGRESSIVE AND TO ACCOMMODATE THE WORLD IN ITS CURRENT AND FUTURE STATE INSTEAD OF SHOEHORNING, HORNING OURSELVES INTO ONE NICHE, YOU KNOW, THING. 
          AND THE PD, UH, IS A TOOL THAT ALLOWS US TO HAVE MORE FLEXIBILITY WITHIN CERTAIN PARAMETERS TO DEVELOP WITH, WITH MORE FLEXIBILITY. 
          YEAH. 
          MOST DEVELOPMENT AT ADDISON NOW, JUST DUE TO THE NATURE, UH, COMPLEXITY OF REUSE AND REDEVELOPMENT, UM, SOME SORT OF ZONING DISTRICT, WHETHER IT'S A PD OR ANOTHER, UH, ZONING DISTRICT THAT INCLUDES SOME FLEXIBILITY, REALLY, REALLY IS APPROPRIATE. 
          CUZ IT'S NOT LIKE WE'RE DEVELOPING VACANT LAND AT, UH, LARGE CHUNKS OF VACANT LAND AT INTERSECTIONS. 
          EVERYTHING HAS REALLY UNIQUE CHALLENGES. 
          SO THAT'S IMPORTANT THAT WE'RE ABLE TO THOUGHTFULLY CREATE ZONING DISTRICTS THAT BEST ADDRESS THOSE CHALLENGES. 
          YEAH. 
          ANY MORE QUESTION? SO, UH, LADIES AND GENTLEMEN, THIS ITEM IS LISTED PUBLIC HEARING. 
          IF ANYONE IN PUBLIC WISH TO SPEAK ON THIS ITEM, PLEASE DO SO. 
          SO, UH, YOU WANNA SAY A FEW WORDS? WAS TAYLOR HAVE A PRESENTATION? PRESENTATION? YES. 
          I'M TAYLOR BOWEN WITH AM RESIDENTIAL 50 57 KELLER SPRAINS, UH, BY MY TEAM IS SETTING UP HERE. 
          I'M JUST GONNA BRIEFLY, UH, INTRODUCE THEM AND SAY A FEW WORDS. 
          AND I, I GOTTA SAY I WAS A LITTLE TAKEN, UH, WHEN WE CAME IN TODAY. 
          UM, OBVIOUSLY WE KNOW, UH, AND HAVE THE ABILITY TO WORK IN A LOT OF REALLY, REALLY GOOD CITIES AND, AND WE FIND THAT THIS KIND OF DIALOGUE IS, IS HELPFUL. 
          IT, IT HAPPENS TOO MUCH DENSITY, NOT ENOUGH DENSITY. 
          NOT ALL APARTMENTS, NO RENTAL APARTMENTS FOR SALE HOUSING. 
          BUT WHEN WE SEE REALLY GREAT CITIES, WHICH WE THINK ADDISON IS, IS WHEN WE SEE A COHESIVE PLAN AND WE SEE A VISION. 
          AND WE WERE SO FORTUNATE A YEAR AGO TO BE SELECTED AS THE DEVELOPER FOR THIS REALLY GENERATIONAL ONCE IN A LIFETIME DEVELOPMENT. 
          AND TO HEAR SOME OF THE CONCERNS. 
          YOU KNOW, WE'VE SPENT, YOU KNOW, COUNTLESS HOURS FOR, WELL IN EXCESSIVE, A QUARTER OF A MILLION DOLLARS ON WORKING WITH STAFF WHO HAS DONE JUST AN EXCELLENT JOB IN ENSURING THAT WE REALLY MAKE THE QUALITY OF THIS PLAN SOMETHING SPECIAL. 
          AND THAT'S WHAT YOU'RE GONNA SEE THIS EVENING. 
          SO I REALLY APPRECIATE, AND THANK YOU FOR LETTING US CONTINUE, GUYS. 
          THIS THING GONNA GET EASIER. 
          THE MARKET IS MORE DIFFICULT NOW THAN IT WAS A YEAR AGO. 
          AND IF WE'RE GONNA SEE THIS VISION, IF WE'RE GONNA HAVE A REALLY WONDERFUL MIXED USE, HIGH DENSITY T O D DEVELOPMENT HERE, WHICH ADDISON DESERVES AND SUPPORTS, NOT JUST MAYBE SOME OF THE COMMUNITY 
          [02:55:01]
MEMBERS, BUT IF YOU GOTTA ALSO REMEMBER, THERE'S A BIG BUSINESS COMMUNITY HERE. 
          THERE'S A LOT OF OFFICE, THERE'S A LOT OF EMPLOYERS. 
          AND I WANNA KEEP ADDISON ACTIVE. 
          I WANNA KEEP ADDISON RELEVANT. 
          I WANNA KEEP ADDISON GOING IN THE RIGHT DIRECTION. 
          THINK ABOUT THE PRESENTATION RIGHT BEFORE US. 
          IT WAS JUST THE ABSOLUTE WONDERFUL FINANCIAL STATUS THAT THE TOWN IS IN. 
          AND IT'S DOING THAT BECAUSE OF THE GREAT PLANNING THAT'S BEEN PUT IN PLACE. 
          BUT IT'S NOT ALWAYS GONNA BE THIS EASY. 
          THERE'S A LOT OF CONCERN RIGHT NOW, THE OFFICE COMMUNITY, THE COMMERCIAL MARKET AND RETAIL THAT'S TRYING TO STAY RELEVANT. 
          AND WE NEED DEVELOPMENTS LIKE THIS THAT WE WOULD DESPERATELY WANT TO BE A PART OF, AND THAT WE NEED TO SITE ZONE SO WE CAN STAY ON THIS, ON THIS SCHEDULE. 
          SO WITH THAT, I'M GONNA TURN IT OVER, UH, TO JOE BRUCE ON OUR TEAM, AND HE'S GONNA WALK THROUGH, UH, THE DEVELOPMENT WITH YOU QUICKLY, UH, AND BRAD DOK WITH STR AS WELL. 
          AND THEN WE'LL BE AVAILABLE TO ANSWER ANY QUESTIONS. 
          THANK YOU. 
          GOOD EVENING. 
          UM, IT'S OUR PLEASURE TO PRESENT ADDISON CIRCLE STATION T OD TO ASK THE STATE COUNCIL MAYOR, UH, CHOW. 
          UH, WE REALLY APPRECIATE ALL THE CITY'S VALUABLE FEEDBACK THROUGHOUT THE PROCESS. 
          IT'S BEEN A LONG PROCESS FOR US. 
          WE'RE PART OF THE ORIGINAL RFP IN JUNE OF 21, AND WE ACTUALLY WERE AWARDED IT IN, IN IN MARCH OF, UH, 22. 
          AND WE'LL GO THROUGH A LITTLE BIT OF WHAT WE'VE BEEN DOING OVER THE LAST YEAR OR SO. 
          UM, WE ALSO AS MENTIONED THAT WE RECEIVED UNANIMOUS APPROVAL BY PNC LAST MONTH. 
          UM, THIS HAS ALLOWED US TO ADVANCE OUR MASTER PLAN, UH, STREETSCAPE PLAN AND PHASE ONE DEVELOPMENT PLAN. 
          UM, AM AND STREAM AS CO-DEVELOPERS ARE BEST IN CLASS. 
          UM, STREAM HAS, UM, OVER, UH, 500,000 SQUARE FEET OF OFFICE BUILDING IN THE ADDISON AREA WITH FOUR BUILDINGS. 
          UM, THEY HAVE THE, THE, UH, SPECTRUM BUILDING THAT'S RIGHT ACROSS THE STREET FROM OUR 349 UNIT APARTMENT BUILDING, LEY ADDISON. 
          UM, WE'RE ALSO FORCED ENOUGH TO BE DEVELOPING ANOTHER PROJECT, UH, THAT WAS APPROVED, UH, BY, BY COUNCIL, UH, EARLIER THAT EAR, LATE LAST YEAR. 
          UH, NOW THAT'S, UH, 2023 OF, UH, FOUR 19 UNITS CALLED TREEHOUSE. 
          IT'LL ACTUALLY BE HERE, UM, ON THIS SITE, UH, STARTING, UH, HOPEFULLY THE SUMMER. 
          UM, AS CO-DEVELOPERS, WE UNDERSTAND THIS IS DE GENERATIONAL OPPORTUNITY TO DEVELOP ADDISON CIRCLE, T O D. 
          UM, ON BEHALF OF THE TOWN OF ADDISON, UH, THIS DEVELOPMENT, UH, WILL CONTRIBUTE TO THE VISION OF COMPLETING THE CIRCLE. 
          TAYLOR AND I BOTH AS CONSULTANTS WORKED ON THE CIRCLE. 
          I WAS AN ARCHITECT. 
          HE WAS A CIVIL ENGINEER AT THE TIME, UM, EXTENDING THE, THE CHARACTER OF OF ADDISON'S CIRCLE. 
          I DON'T KNOW IF EVERYBODY REALIZES HOW IMPORTANT A PROJECT THAT WAS. 
          U L I, ALL OF THE DIFFERENT MUNICIPALITIES THAT WON THE, UH, UH, THE PRINCE AWARD FROM ENGLAND, FROM LONDON. 
          PRINCE CHARLES WON AN AWARD FOR THAT, THAT URBAN PLANNING CONCEPT WAY BACK IN THE, IN THE NINETIES. 
          AND FAST FORWARD 30 YEARS LATER, YOU HAVE AN OPPORTUNITY TO EXTEND THAT, WHICH WILL BE CRITICAL PART OF THE T O D. 
          IT'LL ALSO MAKE IT A MAJOR, UH, UH, DESTINATION ALONG THE DARK SILVER LINE. 
          AGAIN, THE FUNNY THING IS WE TALK ABOUT ADDISON'S THE WHOLE OF THE DONUT NORTH, SOUTH, AND NOW EAST WEST, IT'S, IT'S KIND OF THE WHOLE OF THE DONUT ALONG, UH, THE TOLLWAY. 
          AND NOW WITH THE SILVER LINE, YOU'RE A UNIQUE OPPORTUNITY HALFWAY BETWEEN DFW AIRPORT AND PLANO RICHARDSON AREA. 
          SO, UM, SO THAT'S WHY THIS IS ANOTHER UNIQUE OPPORTUNITY FOR US. 
          AND OF COURSE, AS Y'ALL, EVERYBODY KNOWS, WE'RE GONNA BE INVESTING OVER $40 MILLION ONCE THIS IS COMPLETE. 
          AND THAT'S JUST GONNA ADD US, UM, THAT'S GONNA ACTUALLY ADD TO THE TAX BASE IF WHAT WE'VE ALREADY TALKED ABOUT. 
          SO, NEXT SLIDE. 
          SO THIS IS THE TEAM. 
          UH, TAYLOR'S BEEN HERE FOR A NUMBER OF YEARS. 
          HE OPENED THE OFFICE, UM, FROM CHICAGO. 
          UM, WE'VE BEEN IN THE MARKET FOR 30 YEARS. 
          UM, OUR REGIONAL HEADQUARTERS IS HERE IN ADDISON. 
          WE BELIEVE STRONGLY IN IT. 
          UM, WE HAVE 79 COMMUNITIES NATIONWIDE WITH OVER 26,000 UNITS. 
          UM, TEXAS, AS I MENTIONED, THE REGIONAL HEADQUARTERS FOR, UM, TEXAS IS HERE IN ADDISON. 
          UM, IN DALLAS, WE HAVE, UM, 16 PROPERTIES ALONE. 
          UM, THREE 13 OF THEM ARE ACTUALLY OPERATIONAL. 
          THE OTHER THREE ARE PROPOSED DEVELOPMENTS, AS I MENTIONED. 
          UM, UH, NEXT SLIDE. 
          AND THESE ARE JUST SOME OF THE QUALITY APARTMENTS OR, UH, PROJECTS THAT WE HAVE. 
          ALEY FOUNTAIN PLACE THAT WILL GIVE ANYBODY A TOUR THAT WANTS TO SEE THAT. 
          THAT'S A HIGH RISE IN DOWNTOWN. 
          MARITA DEL REY IS, UM,  OF LOS ANGELES. 
          UM, THAT BY ITSELF IS WORTH OVER 500 MILLION. 
          UM, LOWER LEFT IS ANOTHER, UM, IN THE MILLER DISTRICT, WHICH WILL, WHICH IS A, UH, KIND OF A, A OUTER RING IN AUSTIN. 
          IT'S A MIXED USE, UH, PROJECT WHERE WE HAVE, UM, 650 UNITS AND 10,000 SQUARE FEET OF RETAIL. 
          AND, UH, ALEY QUADRANGLE, UH, OF COURSE IN THE QUADRANGLE AREA, IN, IN, UH, KIND OF UP UPTOWN DALLAS. 
          NEXT SLIDE. 
          UM, ONE THING THAT WE'RE VERY PROUD OF IS WE'RE LEADERS IN SUSTAINABLE DEVELOPMENT. 
          A LOT OF PEOPLE TALK ABOUT IT, BUT WE ACTUALLY LIVE IN, WE HAVE, UM, 50 LEAD CERTIFIED PROJECTS, 
          [03:00:01]
WHICH IS LEADERSHIP IN ENVIRONMENTAL DESIGN. 
          13 OF THOSE ARE HERE IN THE DALLAS MARKET. 
          FOUNTAIN PLACE JUST WON THE 2022 LEAD HOMES. 
          OUTSTANDING MULTI-FAMILY, A AWARD BY THE U S GBC, WHICH IS THE UNITED STATES GREENBUILD COUNCIL. 
          UM, AND WE'RE VERY PROUD THAT WE ARE ACTUALLY, UH, FIRST TO WIN A PLATINUM CERTIFICATION, WHICH IS THE HIGHEST CERTIFICATION FROM LEAD ON OUR MOST RECENT PROJECT IN AUSTIN WITH THE, WITH THE DALLAS TEAM. 
          NEXT SLIDE. 
          UM, ANY, BUT WE'VE, WE'VE TOURED A LOT OF FOLKS AROUND AMK, UH, UH, ADDISON. 
          UM, WE ARE NOT MERCHANT BUILDERS. 
          WE BUILD AND HOLD FOR LONG TERM. 
          UM, AND THAT ALLOWS US TO DO, UH, SPEND A LITTLE BIT MORE MONEY ON THE FINISHES AND OWNERSHIP OF IT. 
          WE OWN IT. 
          WE BUILD IT AND WE OPERATE IT. 
          THAT'S DIFFERENT THAN A LOT OF MERCHANT BUILDERS THAT HAVE BEEN BEFORE YOU AND OTHER TIMES. 
          SO THAT, THAT HELPS US DO THE RIGHT THINGS. 
          WE EVEN HAVE THE ASSISTANT MANAGER FROM AM LEE ADDISON HERE TONIGHT, YOU KNOW, SHOWING HOW, HOW MUCH SHE BELIEVES IN, IN THE PROJECT. 
          AND IN ADDISON AS WELL. 
          WE HAD 13 OR 14 SUPPORT LETTERS FROM, FROM RESIDENTS OF AMLE ADDISON, JUST TO SHOW THAT, THAT ALTHOUGH A LOT OF APARTMENT RESIDENTS HAVE THIS, THIS, THIS KIND OF IDEA THAT THEY'RE NOT INVOLVED, THEY DO CARE ABOUT WHERE THEY LIVE, THEY LOVE WHERE THEY LIVE, AND THEY LOVE ADDISON, WHICH IS, WHICH IS A BIG, UH, UH, UH, A BIG SOMETHING THAT Y'ALL SHOULD BE PROUD OF. 
          UM, SO AS I SAID, WE HAVE HIGH END UNIT FINISHES, AMENITY SPACES, THESE ARE RESTROOMS. THEY, YOU KNOW, VER YOU KNOW, CUSTOM CONDO QUALITY TYPE PROJECTS. 
          YOU'VE SEEN THAT PROBABLY A LOT. 
          THE NEXT THING, UH, SLIDE IS, UH, OUR, UH, AMENITY SPACES. 
          TOP RIGHT IS AM LEE ADDISON. 
          LOWER RIGHT IS IS FOUND PLACED, THE 44 STORY TOWER IN, IN, IN DOWNTOWN DALLAS. 
          AND THE, THE ONE ON THE LEFT WOULD BE MOST SIMILAR TO THE PODIUM OF THE SEVEN STORY BUILDING THAT'S VERY SIMILAR TO AND WHAT WE'RE BUILDING IN, IN AUSTIN RIGHT NOW. 
          NEXT SLIDE. 
          UM, ONE THING THAT WE'RE VERY PROUD OF ALSO IS, UH, IS, IS COMING UP WITH INNOVATIVE IDEAS TO HELP WITH THE BEING SUSTAINABLE AND REALLY PREACHING WHAT WE ARE DOING, WHAT WE PREACH. 
          AND SO WE HAVE THESE, UM, B B COMPANY, UH, BEEHIVES ON THE ROOF OF OUR PROJECT AND, AND IN PLANO. 
          AND THAT ACTUALLY HELPS WITH COLONIZATION OF THE, UH, OF THE LANDSCAPE AROUND. 
          SO THAT WOULD BE SOMETHING THAT WE PROPOSE HERE. 
          WE, WE WANNA FIGURE IT OUT AND OF COURSE, PARTNER WITH THE CITY. 
          BUT THAT'S WHERE WE'RE A LITTLE BIT NEXT LEVEL AS, AS, AS, AS DEVELOPERS. 
          UM, LIKE I SAID, WE'RE, WE'RE PROUD TO BE HERE. 
          WE REALLY APPRECIATE THE TOWN OF ADDISON AND, AND WANT TO BUILD SOMETHING SPECIAL FOR, FOR EVERYONE. 
          EXCELLENT. 
          UM, WE HAVE THE, UH, UH, ARCHITECT TEAM AS WELL AS THE CIVIL ENGINEERING TEAM. 
          THE LANDSCAPE, UH, ARCHITECT COULDN'T BE HERE. 
          O'BRIEN IS A AWARD-WINNING ARCHITECTURE FIRM HERE IN DALLAS. 
          THEY'RE, UM, UH, JACK O'BRIEN FOUNDED HERE AND HAS BEEN HERE AS ABOUT 40 YEARS. 
          LAND DESIGN IS A, IS OUTTA CHARLOTTE, A NATIONAL FIRM. 
          AND BOWMAN IS A NATIONALLY RECOGNIZED CIVIL ENGINEERING FIRM AS WELL. 
          AND SO PERFORMED ALL OF OUR KIND OF DUE DILIGENCE ON THE CIVIL SIDE. 
          WHILE O'BRIEN HAS DONE THE MASTER PLANNING, AGAIN, GETTING A LOT OF SUPPORT AND DISCUSSIONS WITH THE CITY ON HOW TO KINDA MAKE A MIXED LEVEL. 
          I'LL HAND IT OVER TO BRAD FOR STREET. 
          HELLO FOR, UH, DOOR 7, 1 53 WESTBROOK LANE. 
          UH, SO I'M A DIRECTOR OF DEVELOPMENT, UH, AT STREAM AND WE'RE WORKING ON THE OFFICE AND THE PARKING GARAGE TO PUT OF THE PROJECT. 
          UH, FIRST OFF, JUST WANNA SAY REITERATE REALLY WHAT TAYLOR AND JOE SAID, BUT HOW THANKFUL WE ARE TO PARTNER WITH THE TOWN OF ADDISON, UH, TO BRING THIS PROJECT TO FRUITION. 
          IT'S OBVIOUSLY, THIS IS A HUGE STEP IN THE PROCESS TO CONTINUE MOVING IT FORWARD. 
          AND, YOU KNOW, WE'RE, WE'RE EXTREMELY EXCITED ABOUT THE END PRODUCT AND, AND ARE LOOKING FORWARD TO DELIVERING THAT DOWN THE LINE. 
          UM, SO WITH THAT, EVERYONE HERE ON THE SCREEN OF, OF WHO YOU'RE LOOKING AT HERE ARE SEVEN PEOPLE. 
          UH, THIS IS EVERYBODY WHO IS COMMITTED TO OFFICE DEVELOPMENT IN DALLAS, SIT IN OUR HEADQUARTERS HERE IN DFW, WHICH IS DOWNTOWN TRIM CROW CENTER. 
          UH, WE, WE OBVIOUSLY HAVE DONE A WHOLE LOT OF PROJECTS, UH, TOGETHER AND HAVE A BUNCH IN THE PIPELINE MOVING FORWARD. 
          SO WE'VE COMPLETED ABOUT 330 MILLION WORTH OF PROJECTS TO DATE. 
          UH, AND THEN WE HAVE ANOTHER 825 MILLION, UH, OF ACTIVE PROJECTS IN THE PIPELINE BEING DEVELOPMENT OR, UH, IN PURSUIT OF BREAKING GROUND ON THOSE PROJECTS. 
          SO THESE RIGHT HERE ARE KIND OF THE FOUR PILLARS OF OUR DEVELOPMENT TEAM. 
          WE REALLY PRIDE OURSELVES ON 'EM. 
          UH, THE FIRST ONE IS WE SHOW UP. 
          AND SO REALLY WHAT WE MEAN BY THAT IS WHO YOU SEE IS WHO YOU GET. 
          SO MYSELF INCLUDED IN THAT, THE PROJECT TEAM THAT JUST SHOWED YOU OF SEVEN PEOPLE, UH, WE WORK ON THE PROJECT FROM ONSET ALL THE WAY THROUGH COMPLETION. 
          AND SO THAT'S DIFFERENT THAN A LOT OF OTHER DEVELOPERS THAT WILL EITHER HAVE A PITCH TEAM AND, AND KIND OF HAND STUFF ON OR HAND STUFF OFF AS YOU GO. 
          WE REALLY ARE, YOU KNOW, THE CORE TEAM THAT'S THERE FROM DAY ONE ALL THE WAY THROUGH THE END. 
          AND WE CERTAINLY BRING IN OTHER RESOURCES AT STREAM ALONG THE WAY WHO PEOPLE CAN, WHO, WHO HELP OUT WITH THE LEASING EFFORTS AND PROPERTY MANAGEMENT AND REALLY MAKE SURE THAT 
          [03:05:01]
WE GET THE, THE PROJECT RIGHT. 
          BUT THAT CORE TEAM IS THERE AND ACTUALLY, YOU KNOW, IS ABLE TO NOT, UH, LOSE SOMETHING KIND OF IN TRANSITION FROM ONE TEAM OR ANOTHER. 
          UH, THE NEXT ONE, WE DO HARD THINGS. 
          SO WE LIKE TO PRIDE OURSELVES IN COMPLEXITY. 
          UH, I THINK THIS PROJECT IS, IS UP THERE IN TERMS OF COMPLEXITY JUST WITH THE, THE PARTNERSHIP WITH THE TOWN. 
          UH, YOU HAVE DART, YOU HAVE RIGHT OF WAYS. 
          UH, WE HAVE THE CO-DEVELOPER APPROACH. 
          AND SO ALL OF THAT REALLY IS SOMETHING THAT WE THRIVE ON. 
          WE REALLY, UH, WE DON'T TURN A SHY EYE TO IT AND WE ACTUALLY TAKE IT ON AND, AND EMBRACE IT. 
          AND REALLY, YOU KNOW, THINK THE PROJECT AS AN END RESULT IS ACTUALLY GONNA BE THAT MUCH BETTER. 
          UH, CAUSE THERE'S THAT MUCH MORE ATTENTION TO DETAIL PUT INTO THOSE TYPES OF PROJECTS. 
          UH, THE NEXT ONE WE ADAPT. 
          SO WE DON'T APPROACH ANY PROJECT, THE ONE SIZE FITS ALL APPROACH. 
          WE, WE REALLY TRY AND LOOK AT IT COHESIVELY, MAKE SURE IT'S INTEGRATED TO THE COMMUNITY ITSELF AND JUST TO THE OVERALL SURROUNDINGS, UH, AND THE OTHER PRODUCT TYPES THAT ARE THERE. 
          AND, YOU KNOW, I THINK WE DON'T, OR WE ALSO DON'T APPROACH IT FROM JUST A, A FINANCING STANDPOINT OR ANYTHING LIKE THAT, WHERE WE REALLY ARE OPEN TO PARTNERSHIPS WITH THE, WITH THE CITY. 
          AND REALLY OUR END GOAL IS DELIVER A A HIGH END QUALITY PRODUCT. 
          AND WHATEVER THAT TAKES IS, IS THE APPROACH THAT WE'RE GONNA MOVE FORWARD WITH. 
          AND THEN LASTLY, WE OWN IT. 
          SO WE DO HAVE A FULLY DISCRETIONARY IN-HOUSE FUND. 
          WE'RE ON OUR FOURTH FUND, UH, AND WE INVEST ACROSS THE COUNTRY. 
          BUT OBVIOUSLY WITH DFW BEING OUR BACKYARD, WE INVEST A TON HERE LOCALLY AND ALSO HAVE OWNERSHIP OF, OF BUILDINGS WITHIN ADDISON ITSELF. 
          ANOTHER HIGH LEVEL OVERVIEW OF STREAM HERE. 
          WE ACTUALLY NOW HAVE 15 OFFICES AS OF LAST WEEK. 
          WE JUST OPENED UP MY MIAMI OFFICE. 
          UH, BUT WE LEASE AND MANAGE OVER 270 MILLION SQUARE FEET OF PROPERTIES ACROSS THE COUNTRY. 
          AND WE HAVE OVER 1200 EMPLOYEES ACROSS THE COUNTRY. 
          SO WE'RE ABLE TO PULL FROM A VAST ARRAY OF KNOWLEDGE, UH, SCATTERED ACROSS THE COUNTRY AS WE DEVELOP OUR PROJECTS. 
          ANOTHER SLIDE HERE, FULL CONTINUUM CONTINUUM OF SERVICES. 
          SO WE REALLY DO DO EVERYTHING. 
          WE'RE A FULLY INTEGRATED COMMERCIAL REAL ESTATE COMPANY, SO WE'LL DO EVERYTHING FROM SITE SELECTION TO DISPOSITION. 
          SO IT'S, YOU KNOW, WE'RE KIND OF THE, THE ONE TEAM AGAIN THAT WILL WORK ON IT FROM BEGINNING TO END AND SEE THE PROJECT ALL THE WAY THROUGH. 
          HERE'S A QUICK SNAPSHOT OF JUST SOME TENANTS THAT HAVE CHOSEN TO, UH, MAKE SOME OF OUR HOMES, UH, THEIR HOME OR SOME OF OUR BUILDINGS, THEIR HOMES, RIGHT? UH, YOU PROBABLY RECOGNIZE A BUNCH OF THESE NAMES UP HERE. 
          WE TAKE PRIDE IN THAT. 
          WE THINK THAT IT SHOWS TO THE, THE QUALITY OF DEVELOPMENT THAT WE'RE TRYING TO BUILD AND, AND OBVIOUSLY THE ATTENTION THAT WE BRING TO EACH OF OUR ASSETS. 
          AND WE REALLY TRY, TRY TO BUILD, UH, THAT, THAT BEST ASSET WE CAN AND ATTRACT QUALITY TENANTS. 
          AND THAT'S EXACTLY WHAT WE'D BE DOING HERE AS WELL. 
          SO QUICKLY. 
          THERE'S THREE SHORT CASE STUDIES JUST WANNA RUN YOU THROUGH. 
          AND THEY EACH HAVE THEIR OWN UNIQUE, UH, TIE IN TO THIS PROJECT. 
          UH, BUT THE FIRST ONE HERE IS THE QUAD, WHICH IS LOCATED AS THE QUADRANGLE PRE GRANT. 
          IT IS THE QUAD AND IT'S IN UPTOWN DALLAS. 
          IT'S 345,000 SQUARE FOOT. 
          THERE'S A SPEC OFFICE BUILDING THAT'S CURRENTLY UNDER CONSTRUCTION. 
          SO WE'VE DUG A BIG HOLE FOR THE PARKING GARAGE. 
          WE'RE BACK UP TO GRADE NOW AND GOING VERTICAL. 
          UH, SO WHILE THE BUILDING ITSELF IS OBVIOUSLY LARGER THAN WHAT WE'RE BUILDING HERE IN ADDISON, UH, THE, THE, THE DETAIL AND THE QUALITY OF PRODUCT THAT WE'RE DELIVERING IS ACTUALLY VERY SIMILAR IN, IN TERMS OF COST AND EVERYTHING ELSE. 
          YOU KNOW, OUR BUILDING WILL BE, UH, A VERY NICE, UH, AND, AND MARQUEE ASSET HERE IN ADDISON CIRCLE. 
          AND THEN IN ADDITION TO THAT, THE RETAIL, WHICH IS KIND OF TOUGH TO SEE ON THE TOP RIGHT IMAGE, BUT WE'RE DELIVERING FIVE DIFFERENT STANDALONE RETAIL BUILDINGS. 
          SO THEY'RE, THEY VARY IN SIZE FROM 10, 1700 SQUARE FEET TO 4,000. 
          IT'S ABOUT 15,000 SQUARE FEET OF NEW RETAIL THAT WE'RE BRINGING TO THIS SITE. 
          BUT THEY'RE ALL INDIVIDUAL STANDALONE BUILDINGS. 
          AND THE REASON BEHIND THAT WAS REALLY TRYING TO CREATE CONNECTIVITY, UH, ACROSS THE SITE AND ACROSS THE DEVELOPMENT, AND REALLY MAKE THAT COHESIVE FEELING OF THAT WHOLE PROJECT. 
          AND THAT'S THE EXACT TYPE OF RETAIL THAT WE'RE PROPOSING HERE IN ADDISON AS WELL. 
          AND IT'S REALLY, YOU KNOW, BRINGING THOSE UNIQUE FEELING OF EACH, UH, BUILDING AND CREATING THAT COHESIVE, UH, PROJECT ENVIRONMENT. 
          THE NEXT ONE HERE IS 2000 ROSS. 
          SO THIS IS DIRECTLY ACROSS FROM OUR OFFICE BUILDING AT TRIMER CROW CENTER. 
          WE, UH, CONSTRUCTED A 2000 STALL PARKING GARAGE AND LINED THAT PARKING GARAGE WITH RETAIL. 
          SO THERE'S ABOUT 25,000 SQUARE FEET OF RETAIL IN THAT PARKING GARAGE ALONG THE, THE GROUND FLOOR THAT KIND OF SURROUNDS IT. 
          AND THE PARKING GARAGE ITSELF, UH, WE FIND, OR WE THINK IS VERY ATTRACTIVE. 
          UH, IT IS SKINNED IN, IN ALL GLASS, WHICH IS OBVIOUSLY A VERY EXPENSIVE ENDEAVOR, UH, BUT IT IS SUPPORTING A, A 1.2 MILLION SQUARE FOOT OFFICE BUILDING, SO IT'S ABLE TO, TO BEAR SOME OF THAT WEIGHT. 
          BUT THE, THE THING WE REALLY LIKE ABOUT IT AND THINK THAT'S, UH, ATTRACTIVE HERE AS WELL, IS IT REALLY TOS A WHOLE LOT ABOUT STREET SCAPE AND ABOUT HOW THAT RETAIL INTERACTS WITH THE SURROUNDINGS AND REALLY 
          [03:10:01]
BRINGS THAT STREET SCAPE INTO THE PROJECT AS WELL, AND PROVIDES THAT WALKA NATURE ACROSS THE PROJECT AND KIND OF BRINGS PEOPLE TO A CENTRAL FOCAL POINT, UH, THROUGHOUT THAT PROJECT. 
          THE NEXT ONE HERE IS ABOG, WHICH IS AMERICAN BOARD OF OBSTETRICS AND GYNECOLOGY. 
          AND THAT IS A BUILD A SUIT THAT WE ARE DOING IN UPTOWN AS WELL. 
          UH, FOR ABOG, WHO, WHO'S OUR CLIENT, UH, WE'RE WORKING, IT'S AN 85,000 SQUARE FOOT OFFICE BUILDING THAT REALLY PROVIDES BETTER SENSE OF SCALE FOR WHAT WE'RE DELIVERING HERE IN ADDISON. 
          AND IT ALSO, AGAIN, YOU KNOW, POINTS TO THE, THE QUALITY OF PRODUCT THAT WE'RE DELIVERING. 
          THAT BUILDING IS TOPPED OUT, ALMOST DRIED IN AND WILL BE COMPLETE HERE IN SEPTEMBER OF THIS YEAR. 
          UH, BUT WE'RE EXTREMELY EXCITED ABOUT IT. 
          IT'S, IT'S ALSO, UH, VERY WALKABLE TO THE COMMUNITY. 
          THIS BUILDING, I SHOULD NOTE, IS DIRECTLY ACROSS FROM AMWAY'S, UH, QUADRANGLE PROJECT THAT THEY OWN. 
          SO WE HAD A WHOLE LOT OF SITE LOGISTICS THAT WE HAD TO WORK OUT AND ENSURE THAT WE'RE BEING, UH, YOU KNOW, GREAT NEIGHBORS TO OUR, TO ALL THE NEIGHBORS. 
          BUT, UH, SPECIFICALLY I WORKED A WHOLE LOT WITH AMWAY ON THIS PROJECT AND I FAILED TO MENTION ONE POINT ON THE QUADRANT PROJECT THAT'S ACTUALLY ALL ON ONE PLATTED LOT WITH AMWAY'S MULTI-FAMILY BUILDING. 
          SO WE WENT THROUGH A WHOLE REZONING PROCESS WITH THEM. 
          UH, YOU CAN IMAGINE THAT THE COORDINATION EFFORTS TO, TO DIG A A 50 FOOT HOLE RIGHT NEXT TO THEIR MULTI-FAMILY PROJECT AS WELL, UH, YOU KNOW, REALLY BODES WELL. 
          WE'VE BEEN WORKING TOGETHER NOT AS CO-DEVELOPERS, BUT NEARLY AS CO-DEVELOPERS BEING DIRECT NEIGHBORS ON THAT PROJECT. 
          TURN BACK OVER, JOE. 
          THAT'S GREAT. 
          SO, UM, THIS WAS PART OF OUR RFP. 
          WE THOUGHT THIS WAS CRITICAL CAUSE THIS SPEAKS TO THE, THE 2017 STUDY FAQ AND ALL OF THE WORK THAT HAS GONE INTO ADDISON CIRCLE STATION. 
          SO, UM, OUR ARCHITECT WROTE THIS UP TO CREATE AN ICONIC, VIBRANT, WALKABLE URBAN COMMUNITY THAT COMPLETES THE VISION OF ADDISON CIRCLE AND BECOMES THE PREMIER STYLE ALONG THE DART SILVER LINE. 
          THIS MIXED USE TRANSIT-ORIENTED DEVELOPMENT WILL COME TO LIFE THROUGH ART PLACEMAKING AND SUSTAINABILITY. 
          THE DEVELOPMENT WILL ACT AS THE GATEWAY INTO ADDISON CIRCLE AND FURTHER CONNECT THE CITY OF ADDISON. 
          THE GREATER DFW METROPLEX, THE ARCHITECTURAL DESIGN WILL BE, WILL BE TIMELESS IN NATURE AND SPEAK TO THE DNA OF THE EXISTING DEVELOPMENT WITHIN ADDISON CIRCLE WHILE PROVIDING ITS ITS OWN IDENTITY AS A MODERN TRANSIT-ORIENTED HUB. 
          SO WE THOUGHT THIS WAS, THAT WAS REALLY CRITICAL AS A PART OF THE RFP BECAUSE THAT'S SOME OF THE, THE CORE VALUES THAT Y'ALL HAVE TALKED ABOUT. 
          UM, IN THE, IN THE 20, UH, 2018 SPECIAL, UH, UH, STU STUDY AREA, THE VISION FROM THAT, IF YOU GO TO THE NEXT SLIDE, UM, VISION 2020 AND THE 2018 STUDY, THERE WAS MAJOR, THE, THE MAIN GOALS FROM THAT WAS TO HAVE A MAJOR DESTINATION ALONG THE SILVER LINE, ENHANCE THE, THE, THE REPUTATION OF ADDISON AS A, A, A PLACE TO LIVE, WORK, AND PLAY AND STRENGTHEN THE TAX BASE. 
          THOSE WERE THE CORE IDEAS AND CONCEPT CONCEPTS THAT WE PUT FORWARD AS A PART OF THE RFP, LISTENING TO WHAT THE PREDECESSORS HAVE DONE AND WHAT DIVISION WAS WANTING TO BE FOR THE, FOR THE TOWN OF ADDISON. 
          SO YOU SEE THIS VERY SIMILAR ALMOST TO WHAT WE'VE, WHAT WE'VE DONE. 
          IT'S ACTUALLY A LITTLE LESS DENSE CUZ WE ONLY HAVE THE ONE OFFICE BUILDING. 
          WE HAVE THE RESIDENTIAL TOWER, AND THEN WE'VE COMBINED THIS BLOCK. 
          SO VERY, VERY SIMILAR TO THE ORIGINAL PRINCIPLES THAT WERE DEVELOPED IN THE MASTER PLANNING WE DID. 
          THE BIG DIFFERENCE IS THIS RETAIL ENTERTAINMENT NODE THAT KEN SPOKE ABOUT EARLIER. 
          NEXT SLIDE. 
          UM, THIS SPEAKS TO WHAT I HAD TALKED ABOUT EARLIER. 
          YOU'RE IN THE MIDDLE DEAD CENTER, IN THE MIDDLE OF THE SILVER LINE. 
          YOU'RE HALFWAY BETWEEN DFW AIRPORT AND HALFWAY BETWEEN PLANO. 
          AND ALSO, AS YOU MENTIONED, YOU'RE ONLY MAYBE 15 MINUTES AWAY FROM THE, THE UT DALLAS IN, IN, IN DA, UH, OVER, IN, OVER OFF CAMPBELL ROAD. 
          SO YOU'RE IN A GREAT SPOT. 
          SO THIS NEEDS TO BE SOMETHING SIGNIFICANT AND HOPEFULLY WE'RE PULLING THIS TOGETHER WITH, WITH Y'ALL IN THE TOWN OF ADDISON AND STRING. 
          SO, SO THESE ARE SOME SLIDES. 
          KEN ALREADY, UM, WENT THROUGH A LOT OF THESE, HOW WE, UM, THE ADDISON SUR, I MEAN THE, THE HOUSING POLICY, THE FQ, UM, DEMOGRAPHICS, ET CETERA, AND HOW WE'RE DOING THE TRAFFIC IMPACT ANALYSIS AND THE UTILITIES. 
          UM, WE LISTENED TO THE P AND Z AND THEY HAD SOME QUESTIONS, SO WE ADDED THIS, THE PACKAGE TO HOPEFULLY ANSWER ANY QUESTIONS. 
          UM, WE CAN CIRCLE BACK TO THEM IF NECESSARY, BUT HE'S ALREADY SPOKEN TO MOST OF THOSE. 
          OKAY, SO THIS IS THE ORIGINAL CONCEPT PLAN. 
          WHAT WE WANNA SHOW HERE IS WHAT WE'VE BEEN DOING FOR THE LAST NINE MONTHS. 
          UM, BIGGEST KEY WAS, UH, WORKING TO REALIGN SPECTRUM. 
          UM, WE HAD AN ISSUE WITH, UH, THE NEGOTIATIONS WITH DART ON THE ANGLE OF GETTING ACROSS SPECTRUM. 
          SO WE ACTUALLY LOST ABOUT, UH, ABOUT A HACK HALF ACRE OF, UH, DEVELOPABLE AREA. 
          UM, STREAMING CONTINUED TO KIND OF WORK THROUGH THE OFFICE SIZING OF THE GARAGE AND THE LOCATION OF THAT AS WELL AS THE RETAIL. 
          UM, ALSO WITH KEN, WE WERE ABLE TO GET A LITTLE BIT MORE ROOM, UH, MOVING FROM EAST TO WEST CLOSER TO THE AIRPORT 
          [03:15:01]
BASED UPON THE NEW NOISE CONTOUR FROM THE FAA. 
          UM, THE CENTER PHASE, PHASE ONE CALLED THE HUB IS THE REN 50 ENTERTAINMENT RETAIL DISTRICT THAT'S STILL BEING DEVELOPED RIGHT NOW AND WILL BE, UH, FURTHER DEVELOPED AS AS WE CONTINUE TO DEVELOP THE PROGRAM. 
          UM, AGAIN, THIS IS THE SAME SLIDE THAT KEN HAD EARLIER. 
          THIS, THESE, THESE TALK TO THE HIERARCHY OF THE ROADS, THE, THE STREET SCAPE THAT WE WERE, THAT WAS PART OF OUR MOU THAT WE WERE REQUIRED TO PERFORM. 
          SO THIS JUST SHOWS THAT WE ARE CONTINUING TO MOVE THE PROJECT FORWARD PER THE 10 TERMS OF MOU. 
          UM, THIS, THIS CREATES THE HIERARCHY OF ROADS, WHETHER YOU'RE ON ARAPAHOE, UM, THE CONNECTIVITY OFF OF THE DART RAIL, THE BIG AC, THE MAJOR ACCESS OFF OF ADDISON ROAD, AS WELL AS QUORA AND IN THE REALIGNMENT OF SPECTRUM, OF COURSE. 
          SO THIS IS THE NEW VISION. 
          THIS IS WHERE WE ARE. 
          IT'S, UH, SURPRISINGLY SIMILAR BUT YET VERY, VERY DIFFERENT THAN WHAT WE HAD BEFORE. 
          AS YOU CAN SEE, UM, WE STILL HAVE THE 13 STORY RESIDENTIAL TOWER AT LOT THREE BLOCK A, UM, THAT'S A 13 STORY TOWER WITH A FIVE-STORY RESIDENTIAL COMPONENT THAT'S GONNA OVERLOOK THE RETAIL ENTERTAINMENT DISTRICT. 
          THIS ACTUALLY SCREENS THE GARAGE NOW. 
          PREVIOUSLY WE HAD THE GARAGE OPEN ON THREE SIDE OR TWO SIDES, AND BASED UPON WORKING WITH THE CITY, THEY, THEY WERE SUPER FOND OF THAT. 
          SO WE WERE ABLE TO LINE THE GARAGE A ALONG THIS WESTERN SIDE. 
          THE ONLY SIDE THAT'S OPEN, UH, IS THE SOUTH WHERE THIS, WHERE THE TRAIN IS. 
          SO THAT'S ACTUALLY, UH, PRETTY WELL THOUGHTFULLY DESIGNED AND MOST OF OUR UNITS WILL LOOK TOWARDS THE NORTH. 
          WE'LL HAVE FOREVER GREAT VIEWS OF ADDISON CIRCLE PARK OR OUR, OR, OR OUR COURTYARD ON THE LEVEL BELOW. 
          UM, AND THEN ON THE FAR, UM, EASTERN FLANK IS HOW WE HAD TO REORIENT SPECTRUM IN ORDER TO GET THAT ANGLE OF APPROACH. 
          UM, AS KEN MENTIONED, THIS IS ABOUT 412 UNITS NOW. 
          UM, GOOD NEWS FOR Y'ALL IS THAT WE ARE DEDICATING A FOUR FOUR ACRE PARK BACK TO THE TOWN OF ADDISON. 
          BAD NEWS FOR US IS, WE LOST ABOUT 38 UNITS BECAUSE OF THIS, BUT WE BELIEVE IN IT AND IT'S GONNA ACTUALLY BE THE RAILHEAD, UH, OF THE TRAIL ONCE THAT, UH, THE HIKE AND BIKE TRAIL. 
          SO YOU'LL BE ABLE TO HAVE A PARK RIGHT OFF THE HIKE AND BIKE TRAIL ONCE THAT MOVES FORWARD. 
          NEXT SLIDE. 
          THIS, THESE ARE A LOT OF THE DETAILS THAT, THAT KEN'S ALREADY GONE THROUGH. 
          WE JUST WANT A PART OF THE PACKAGE THAT YOU COULD SEE THE LEVEL OF WORK THAT WE HAD DONE WITH THE CIVIL, UH, LANDSCAPE. 
          AND I CAN LET BRAD TALK MORE SPECIFICALLY ABOUT HIS OFFICE PROPONENT. 
          YOU SEE, I'LL JUST TOUCH ON BRIEFLY HERE, JUST KIND OF WHAT'S CHANGED FROM THE ORIGINAL MOU TO WHAT YOU'RE SEEING TODAY. 
          AND PRIMARILY ON THE OFFICE FRONT, IT'S, IT'S STAYED MOSTLY THE SAME. 
          THE BIGGEST CHANGE THAT I WANTED TO POINT OUT HERE IS REALLY AS IT RELATES TO RETAIL SQUARE FOOTAGE. 
          SO IN THE ORIGINAL MOU, WE DID HAVE 9,000 SQUARE FEET OF RETAIL THAT WAS PLANNED FOR REALLY THE NORTH EDGE OF THIS GARAGE. 
          IT WENT FROM FESTIVAL WAY. 
          UH, HOWEVER, AS WE KIND OF DE YOU KNOW, FURTHER, UH, DREW THOSE PLANS AND ACTUALLY TRIED TO DESIGN WHAT THAT SPACE WOULD LOOK LIKE, IT BECAME EVIDENT THAT THAT SPACE REALLY WAS GONNA BE TOO SHALLOW AND REALLY WASN'T GONNA BE GREAT RETAIL SPACE. 
          AND SO INSTEAD OF TRYING TO FORCE, YOU KNOW, THAT END OF THAT, UH, PART OF THE PARKING GARAGE AND REALLY, OR POTENTIALLY OPEN OURSELVES UP TO HAVING VACANT RETAIL REALLY BE THE FRONT DOOR TO THIS DEVELOPMENT, WE ACTUALLY SHIFTED A CHUNK OF THAT RETAIL INTO THE OFFICE BUILDING. 
          AND SO WE NOW HAVE 38,000 OR 38,000, 3,800 SQUARE FEET OF RETAIL SPACE ON THE GROUND FLOOR OF THE OFFICE BUILDING. 
          AND THAT REALLY CENTRALIZES THAT RETAIL NODE. 
          SO IT'S INTO THE OFFICE BUILDING AND INTO THE RETAIL ENTERTAINMENT DISTRICT THAT WE'RE BUILDING NEXT DOOR. 
          WE OBVIOUSLY LOST, YOU KNOW, ROUGHLY SIX OR JUST UNDER 6,000 SQUARE FEET OF RETAIL WITHIN THIS PLAN, BUT WE ADDED IT BACK IN TERMS TERMS OF OFFICE SQUARE FOOTAGE WE'RE BUILDING IN INTO THE PROJECT. 
          SO IT'S, IT'S NET NET IT'S, IT'S MORE SQUARE FOOTAGE THAN WE WERE PREVIOUSLY PLANNING TO DELIVER. 
          UH, BUT IT IS A, A SHIFT IN TERMS OF USES ON THIS NORTH FACE OF THIS PARKING GARAGE. 
          WE ARE PLANNING TO HAVE AN ART MURAL THERE, SO IT REALLY WILL STILL BE A BIG SENSE OF ARRIVAL TO THE PROJECT. 
          AGAIN, WE, WE TRIED TO GET RID OF WHAT WE THOUGHT COULD POTENTIALLY BECOME VACANT RETAIL AND ACTUALLY BRING SOMETHING THAT'S ENGAGING TO THE PUBLIC THAT CAN BE USED FOR WAY WAYFINDING, UH, SIGNAGE ALONG WITH JUST SIGNAGE IN GENERAL TO JUST REALLY, YOU KNOW, HAVE THAT SENSE OF PRESENCE THERE AT AS CIRCLE PARK. 
          SO WE'RE EXTREMELY EXCITED ABOUT THE DIRECTION OF, OF THE PROJECT AS IT'S MOVING. 
          UH, BUT YEAH, I MEAN OTHER THAN THAT, THE, THE MAIN THINGS WERE MINOR TWEAKS TO THE PLAN HERE AND THERE, AND OBVIOUSLY FURTHER, UH, DEVELOPING KIND OF THE, THE ARCHITECTURE OF THE BUILDING AND OF THE PARKING GARAGE. 
          AND O'BRIEN'S DONE A GREAT JOB. 
          WE'RE EXTREMELY EXCITED ABOUT, UH, ABOUT THE DIRECTION WE'RE HEADED. 
          UH, YOU CAN SEE IT'S, IT, IT TAKES A LOT OF THE FEELING FROM THE SURROUNDING ENVIRONMENT, BUT IT CREATES A NEW SENSE OF, OF A MARQUEE PROJECT AND, AND REALLY KIND OF DEFINES ADDISON CIRCLE STATION, WHICH WILL, WHICH WILL BE A, A MASSIVE STOP ON, ON THE DART LINE. 
          [03:20:01]
WE'VE BEEN THROUGH A BUNCH OF THESE IMAGES EARLIER, SO I'LL, I'LL SPARE THE DETAILS. 
          UM, BUT THIS IS OBVIOUSLY THE OFFICE LOBBY. 
          ONE THING I DO WANNA POINT OUT HERE REAL QUICK IS THE SECOND FLOOR OR THE SECOND LEVEL TERRACE THAT YOU'RE LOOKING AT, THAT IS PART OF THE AMENITY PACKAGE IN THE BUILDING. 
          SO THAT WILL BE OPEN TO ALL THE TENANTS THAT WILL ACTUALLY INSIDE WILL BE KIND OF THE, THE TENANT LOUNGE AMENITY CENTER THAT WILL SPILL OUT ONTO THAT TERRACE. 
          AND YOU CAN EAT LUNCH, TAKE IN WHATEVER'S HAPPENING IN THE ENTERTAINMENT, UH, VENUE NEXT DOOR, AND THEN ALSO PROCEED DOWN THE STAIRS KIND OF IN THE BACKSIDE TO ACTUALLY HEAD OVER TO THE ENTERTAINMENT DISTRICT AS WELL. 
          AGAIN, THAT, THAT'S THE MURAL THAT YOU'RE LOOKING AT THERE. 
          UH, THERE IS A, A COVERED CANOPY THAT'S PLANNED FROM TO EXTEND ALL THE WAY FROM ADDISON ROAD ALL THE WAY INTO THE DEVELOPMENT. 
          SO IF YOU DO HAPPEN TO BE WALKING, YOU ARE COVERED ALONG THAT PATH. 
          AND AGAIN, WE THINK IT'S A, A BETTER SENSE OF ARRIVAL AND REALLY CAN, UH, BE THAT THE, YOU KNOW, THE, THE FEATURE PIECE TO, TO SHOW THAT YOU'RE AT A ADDISON CIRCLE PARK. 
          YEAH, WE CAN GO THROUGH THE DETAIL THAT'S STILL IN DEVELOPMENT. 
          UM, SO THIS IS THE, THE FLOOR PLAN OF THE, OF THE TOWER. 
          AGAIN, AS MENTIONED, THIS IS THE FIVE STORY, UH, LINER THAT'LL, THAT, THAT BASICALLY HIDES THE PARKING. 
          IT'S BEHIND IT. 
          ALSO, WE THINK THIS, THIS PROMENADE THAT'S COMING OFF OF THE DART LINE WILL BE A, A, A GREAT CONNECTOR TO ADDISON'S CIRCLE PARK. 
          THE OTHER THING IS, AS, AS KEN MENTIONED IT, UH, TOTALLY REDESIGNING, UM, FESTIVAL WAY, UM, THIS WILL BE A TABLETOP THAT'LL BE AT THE SAME LEVEL. 
          SO YOU COULD HAVE IT SPILL, UM, FROM THE RETAIL ENTERTAINMENT DISTRICT ACTUALLY INTO THE PARK ALSO, UM, WITH PARALLEL SPACES. 
          SO IT'S A LITTLE BIT OF A, A, A NARROWER ROAD TO BE A LITTLE MORE, MORE CALMING WITH SOME, UH, PARALLEL SPACES ALONG THEY'RE HOPING TO REALLY CONNECT. 
          THIS, THIS CATALYST WITH, WITH THE, ONE OF THE GREAT ASSETS Y'ALL HAVE IS ADDISON CIRCLE PARK. 
          UM, THE OTHER THING THAT IF YOU GO BACK, SORRY, UH, UM, TO MENTION IS THAT WE DO HAVE 10,000 SQUARE FEET OF RETAIL, UM, IN OUR, IN THIS, IN THIS SCAP IN ON THIS SITE. 
          AND WE HAVE ANOTHER 5,000. 
          SO THAT WAS TERMS, THE MOU, JUST WANTED TO SHOW THAT WE, YOU KNOW, WE SAY WHAT WE DO AND WE DO WHAT WE SAY. 
          SO THIS MEANT EXACTLY WHAT WE WERE DOING BEFORE. 
          UM, THE ONLY THING IS WITH THE, THE LOSS OF UNITS THAT I MENTIONED ON THE PODIUM SITE, WE NEEDED TO GAIN, UH, UNITS ON THE TOWER SITE. 
          SO THIS, THIS IS NOW 270 UNITS. 
          WE WERE ABLE TO GAIN 20 UNITS. 
          THE ORIGINAL M MOU WAS 250 UNITS. 
          SO THESE WILL BE LARGER UNITS THAT ARE CATERING, CATERING TOWARDS, UH, MORE TOWARDS AN EMPTY NESTER OR A, A RENTER BY CHOICE. 
          YOU KNOW, A GREAT THOUGHT ABOUT, UH, A FLIGHT ATTENDANT OR SOMEBODY THAT WORKS OUT AT DFW TRAVELING A LOT, JUST JUMPING ON THE RAIL AND BEING AT THE AIRPORT IN 20 MINUTES. 
          I MEAN, THAT, THAT, I, THAT'S A GREAT DEMOGRAPHIC THAT YOU'RE WELCOME, . 
          THANK YOU. 
          I APPRECIATE THAT. 
          , I'LL, I'LL USE THAT MEMO. 
          UM, SO THIS WILL, THIS IS, THIS SPEAKS TO QUALITY, UM, WITH THE AMOUNT OF GLAZING MASONRY THAT ARE, THAT THAT'S, THAT'S PART OF THIS PROJECT. 
          AGAIN, WE HAVE TO MEET THE 155 FOOT HEIGHT REGULATION BASED ON THE FAA. 
          THIS SPEAKS TO THE, THE, THE CLADDING OF THE GARAGE AS YOU'RE LOOKING TOWARDS IT, OFF OF THE SILVER LINE, UM, RETAIL HIGHER FLOOR TO FLOOR. 
          AND THEN WE DO HAVE 10 FOOT FOUR TO FLOOR ALL THE WAY UP. 
          SO WE HAVE HIGHER CEILINGS IN THE UNITS. 
          UM, WE'RE REALLY PROUD OF THE ELEVATION OF LIKE, UM, UH, BRAD MENTIONED O'BRIEN'S DONE A GREAT JOB. 
          AGAIN, MASONRY. 
          ALMOST ALL OF THE UNITS HAVE A BALCONY, WHICH IS NICE TO, TO, ESPECIALLY WITH THE VIEWS THAT THESE ARE GONNA HAVE EITHER OVER THIS RETAIL ENTERTAINMENT DISTRICT OR THE PARK TO THE NORTH OR OUR COURTYARD. 
          SO WE DON'T THINK THERE'S A VALUE OF IN THE, IN THE PROJECT. 
          AGAIN, THIS IS, SO THIS IS THE SILVER LINE, THIS IS THE PARKING GARAGE, AND THIS IS OUR ELEVATED, UH, UH, COURTYARD. 
          IF YOU RECALL THE IMAGE THAT WAS FROM OUR PROJECT IN MILLER ON THE LOWER LEFT CORNER. 
          IT'S GONNA BE VERY SIMILAR TO THAT IN THE PROGRAMMING AND ARCHITECTURE. 
          AND THIS IS, UM, KINDA LIKE WHAT BRAD MENTIONED AS WELL. 
          THIS IS GONNA BE FESTIVAL WAY REALLY NARROWING IT DOWN WITH THE, THE, THE, THE PARALLEL SPACES, UH, SIMILAR TO WHAT ADDISON CIRCLES ALREADY BEEN SUPER SUCCESSFUL ARE. 
          WE'RE JUST TAKING THE CUES FROM THOSE, HAVING THE HEAD, THE, THE TEASER PARKING OF THE PARALLEL SPACES, THE, UH, ENHANCED PAVING AS YOU CROSS TO GIVE YOU IDEAS OF THIS IS A PLACE YOU'RE SUPPOSED TO BE A LITTLE BIT SLOWER. 
          AND IN THE RETAIL ALONG, UH, FESTIVAL WAY OVERLOOKING THE PARK PARK. 
          UM, THIS AGAIN IS THE, IS THE, IS THE, UH, EASTERN SITE. 
          UM, THAT'S, THAT'S OFF OF A ARAPAHOE AND, AND THE NEWLY ALIGNED SPECTRUM. 
          THIS IS A, A TWO PLUS FIVE. 
          IT'S TWO LEVELS OF CONCRETE WITH FIVE LEVELS OF WOOD ON TOP. 
          THIS ONE HAS, HAS 412 UNITS. 
          SO THESE WILL BE MORE, MORE STANDARD UNITS AT 850 SQUARE FOOT. 
          STILL CLASS A PROJECT PRODUCT TYPE, BUT JUST A LITTLE BIT SMALLER IN SQUARE FOOTAGE. 
          SO YOU CAN GO THROUGH THESE CUZ KEN ALREADY SHOWN MOST OF THOSE. 
          UH, UH, AGAIN, THESE ARE THE ELEVATIONS. 
          AGAIN, LOTS OF MASONRY, UM, UH, 
          [03:25:01]
LOTS OF DETAILING, TAKING SOME OF THE BRICK THAT WE, THAT WE, THAT'S ALREADY EXISTING AT, AT ADDISON CIRCLE. 
          AS OLD AS ADDISON CIRCLE IS THE, THE FACADES LOOK STILL LOOK REALLY AMAZING. 
          THEY'VE HELD TOGETHER. 
          AND THAT'S WHAT HAPPENS WHEN YOU HAVE AN OWNER AND DEVELOPER THAT WILL, HAS A LONG TERM HOLD ON THESE PROJECTS THAT LIKE, LIKE M AA OR POSTED WITHHOLDING HONOR THOSE FOR SO LONG, THEY TAKE CARE OF 'EM. 
          AS I MENTIONED BEFORE, WE'RE VERTICALLY INTEGRATED. 
          WE DO DEVELOPMENT OURSELVES, CONSTRUCTION AND OPERATIONS. 
          AND THIS IS THE, THIS IS THE FOUR ACRE PARK, I GUESS THIS BE SILVER PARK OR SOMETHING, WHATEVER Y'ALL WANT TO CALL IT. 
          BUT THAT'S, THAT'S THE NEWLY DEAL ALIGNED SPECTRUM. 
          AND AGAIN, THAT'S Y'ALL'S WATER TOWER. 
          LOOKING BACK TO THE MOON AND YOU FINISHED, THAT'S WHAT WE'VE GOT. 
          AGAIN, THANK YOU SO MUCH FOR YOUR TIME. 
          I KNOW IT'S BEEN LONG. 
          HOPEFULLY THAT HELPED ANSWER SOME OF THE QUESTIONS OR DETAILS, BUT WE'RE HERE FOR A**L. 
          ANY QUESTION? NOPE. 
          ALRIGHT, SO LEMME MOVE ALONG. 
          I'D LIKE TO INVITE MICHAEL O'NEAL TO SPEAK. 
          PLEASE STATE YOUR NAME ON THE ADDRESS. 
          YEP. 
          HELLO AGAIN, EVERYBODY. 
          YOU RECOGNIZE ME RIGHT NOW. 
          PROBABLY MIKE O'NEAL, 50 21, UH, MORRIS AVENUE. 
          MY, I TAKE NOTES LIKE A MIDDLE SCHOOLER. 
          I CAN BARELY READ THESE ANYMORE, SO I'LL TRY AND GO THROUGH THESE. 
          UH, FIRST THING I WANTED TO POINT OUT IS, UM, THIS PROJECT THAT, THAT EVERYTHING WE'VE LOOKED AT TONIGHT HAS JUST HAPPENED IN THE LAST 10 MONTHS. 
          SO WE'VE BEEN TALKING ABOUT WHAT HAPPENED IN 2017 AND, YOU KNOW, 1990S AND 2000 THAT THIS IS LITERALLY, YOU KNOW, NEW TO THE CITY, THE CONCEPT WE KNEW WE WERE BUILDING. 
          UM, BUT THIS IS NEW. 
          AND SO THERE WAS A SLIDE ABOUT HOW MANY COMMUNICATIONS, UM, HAD BEEN SENT OUT ABOUT THIS SINCE I THINK 2018. 
          AND BY MY COUNT, UM, THERE'S REALLY, WELL COUNTY TONIGHT, THERE'S ONLY BEEN THREE OP OPPORTUNITIES, UH, TO, TO DISCUSS THIS. 
          IT WAS THE SPRING TOWN MEETING. 
          UM, AND, AND THAT WAS NOT RECEIVED VERY WELL, QUITE HONESTLY. 
          UM, AS YOU KNOW, MR. MAYER IN THE FALL TOWN MEETING YOU, WE WERE ASKED NOT TO COMMENT. 
          UM, AND WE DIDN'T, UH, THERE WAS THE PLANNING AND ZONING MEETING, UM, LAST MONTH AND, UH, AND THERE'S THIS MEETING. 
          SO IT'S, IT'S REALLY A VERY, VERY SHORT, UM, UH, PERIOD OF TIME, UNLESS I'M MISTAKEN AND I'VE MISSED SOME MEETINGS OR SOMETHING LIKE THAT. 
          UM, ANYWAY, I WANTED TO POINT THAT OUT. 
          UM, AS FAR AS QUESTIONS ON, ON WHAT WE SAW TONIGHT, UM, I'M CURIOUS ABOUT WHAT'S HAPPENING ON THE NORTH SIDE OF FESTIVAL WAY. 
          THERE'S A LOT OF THINGS HAPPENING IN THE FESTIVAL WAY. 
          SO THE NORTH SIDE GOING INTO THE PARK, UM, ARE, IS THE RAILING STILL GONNA BE THERE, THE FENCE? ARE THOSE TREES STILL GOING TO BE THERE? IS THIS GONNA BE VIEWED AS A FOOTPRINT, UH, FOR MORE DEVELOPMENT? UM, THE PARKING GARAGE AND THE RETAIL MOVING? SO IF I HEARD THAT RIGHT, WE LOSE 6,000 FEET OF RETAIL, BUT THERE'S 6,000 FEET OF OFFICE SPACE THAT ARE GAINED, IF I HEARD THAT CORRECTLY. 
          UM, THAT DOESN'T SOUND LIKE A BIG WIN FOR THE, THE RESIDENTS OF THE CIRCLE. 
          AND I ALSO WANTED TO ASK, UM, HAS A GROCERY STORE COMPONENT AND CONSIDERED FOR THIS DEVELOPMENT? I, AND I'D LIKE TO KNOW IF THE DEVELOPERS HAVE DEVELOPED ANY PROPERTIES WHERE THERE'S A GROCERY STORE ON THE FIRST FLOOR AND THEN LIVING ABOVE THAT. 
          I'VE SEEN THAT IN MULTIPLE OTHER CITIES. 
          UM, IT'LL BE VERY NICE TO HAVE, IT WAS MENTIONED IN THE ADDISON, UH, STUDY THAT, UH, HAVING A, UM, GROCERY STORE WOULD BE NICE IN A CIRCLE. 
          UH, THE ENTERTAINMENT HUB SEEMS LIKE KIND OF A DARK HOLE. 
          I'VE BEEN TO THREE PRESENTATIONS NOW AND AT SEATTLE WE'RE GONNA, YOU KNOW, WE'RE GONNA FLESH OUT THE DETAILS ON THIS THIS LATER AND IT JUST SEEMS LIKE WE OUGHT TO HAVE A LITTLE BIT MORE INFORMATION ABOUT WHAT'S, WHAT'S ACTUALLY, UM, GOING TO BE THERE. 
          I I RESTAURANTS AND THERE GONNA BE A MUSIC THEATER OR THERE'S SOMETHING WE JUST HAVEN'T, UH, HEARD THAT MUCH, UM, ABOUT IT. 
          UM, THE TREES BEING PLANTS TRANSPLANTED ALONG THE SOUTH SIDE OF, UH, FES AWAY. 
          SO THERE'S 40 ACTUALLY WENT OUT THERE TODAY. 
          THERE'S 40, UM, OAK OUT THERE. 
          THERE'RE 30 FEET TALL. 
          UM, THEY HAVE TAP ROOTS, THEY HAVE, UH, ROOTS TRUCKS. 
          THEY CAN BE, UH, WIRE. 
          THERE'S NO WAY THOSE GONNA BE TRANSPORTED. 
          UH, THE, THE SUCCESS RATE ON THIS WILL BE ZERO GUARANTEE. 
          ALRIGHT, THANK YOU MARK. 
          SO THE NEXT SPEAKER IS MARVIN PEREZ. 
          THANK YOU, MR. MAYOR. 
          MY ADDRESS IS ONE IS 14 8 99 TOWN LAKE CIRCLE. 
          YOU KNOW, IT'S A SHAME WE DON'T HAVE MORE THAN THREE MINUTES BECAUSE YOU GUYS HAVE A LOT 
          [03:30:01]
OF MINUTES, BUT WE HAVE TO TAKE WHAT WE CAN, RIGHT? I'M GONNA START, FIRST OF ALL BY, UH, THANKING MS. RESNIK AND DARREN FOR TAKING A BRAVE AND AND BOLD MOMENT TO SAY, WHY DON'T WE STOP INSTEAD OF RUSHING THINGS AROUND AND DISCUSS THIS WITH THE ENTIRE COMMUNITY. 
          THANK YOU FOR DOING THAT, APPRECIATE IT. 
          BUT MY NEXT POINT, I'D LIKE TO GO TO THE MEMO OF UNDERSTANDING, YOU KNOW, INTERESTING MEMOS OF UNDERSTANDINGS. 
          I WAS MARRIED FOR 25 YEARS, AND ONE DAY MY WIFE OR EX-WIFE CAME TO ME AND SAID, YOU KNOW, I WANNA BREAK THE MEMO OF UNDERSTANDING. 
          AND AT THAT MOMENT, I THOUGHT THE WORLD WAS GONNA HIT. 
          FIVE YEARS LATER, I HAD THE GREATEST OPPORTUNITY IN MY LIFE AND I MEANT SOMEBODY, THAT'S THE WORLD TO ME, ADRIAN, MY WIFE. 
          NOW, IF I HAD NOT GONE THROUGH THAT PAIN TO BREAK THAT MEMO OF UNDERSTANDING, I WOULD'VE NOT HAD THE BEAUTIFUL RELATIONSHIP THAT I HAVE HERE NOW, PRESENTLY. 
          NO, THIS WHOLE PROJECT IS QUITE INTERESTING, SAY THE LEAST. 
          AND IT'S COME UP A NUMBER OF TIMES, NOT A WHOLE LOT, 682 RESIDENT OR MULTI-FAMILY APARTMENTS, 1,623 PARKING SPACES. 
          THAT'S WHAT THIS ENCOMPASSED. 
          THEN THAT'S, WITHOUT TAKING INTO CONSIDERATION, EDISON HEIGHTS, WHICH IS GONNA ADD ANOTHER 300 MORE MULTIFAMILY APARTMENTS, WHICH IS FOUR OR FIVE BLOCKS AWAY. 
          AND, UH, YOU KNOW, KEN, AS ALWAYS IS A GREAT PRESENTATION, BUT THE PLAN DOESN'T TALK ABOUT, OKAY, SO HOW, HOW MANY MORE ADDITIONAL POLICE OFFICERS ARE WE GONNA ADD? HOW MANY MORE FIREFIGHTERS OR EMTS ARE WE GONNA NEED? WHAT ARE WE GONNA DO WITH THE ADDED TRASH POLLUTION? AND HE TALKED BRIEFLY ABOUT TRAFFIC, BUT NOT A WHOLE LOT BECAUSE THERE'S GONNA BE A TRAFFIC JAM ON ADDISON IN THAT AREA THERE, CLOSE TO THE CIRCLE EVERY SINGLE MORNING. 
          THANK YOU TO AMK AND JB MORGAN. 
          WE REALLY APPRECIATE THAT YOU ALL GUYS ARE AN INVESTMENT COMPANY. 
          YOU KNOW WHAT YOU DO? BYE. 
          YOU DEVELOP A PROPERTY AND THEN YOU SELL IT 5, 10, 15 YEARS LATER. 
          AND WE DON'T BLAME YOU FOR THAT. 
          HEY, I, I HAVE STOCKS AND JP MORGAN, WHY NOT MANY, MANY OF US DO. 
          BUT I HOPE THAT YOU CONSIDER, THANK YOU THAT THERE'S MUCH MORE TO THIS THAN WHAT WE HAVE TALKED ABOUT TONIGHT. 
          NICE EVENING. 
          THANK YOU. 
          THANK YOU. 
          SO THE NEXT SPEAKER IS DAVE COLLINS. 
          DAVE COLLINS, 1 4 6 68 WAYSIDE COURT. 
          UM, I WASN'T GONNA TALK TONIGHT AND UH, MAYBE THAT'S SOMETHING YOU THINK THAT WAS A GOOD THING. 
          UM, AND I GET THE TRAIN HAS LEFT THE STATION, AND THAT'S THE LAST METAPHOR I'M GONNA USE. 
          UM, I THINK WHAT I WANT TO TALK ABOUT BRIEFLY IS OPTICS. 
          WHEN THE MAYOR ON THE OCTOBER 20TH TOWN HALL MEETING SAID, FOLKS, LET'S NOT HAVE A DISCUSSION ABOUT THE HOUSING ISSUES. 
          WE'LL HAVE A FOLLOWING MEETING. 
          VERY APPROPRIATE, VERY FAIR. 
          IT TOOK FOUR MONTHS TO SCHEDULE, WHICH IS NOW ON WEDNESDAY. 
          THE MEMORANDUM OF UNDERSTANDING BETWEEN EMILY'S STREAM OF THE TOWN WAS ORIGINALLY PROPOSED TO BE COMPLETED AND PRESENTED IN SEPTEMBER. 
          IT WAS DELAYED NOW UNTIL FEBRUARY. 
          AGAIN, VERY UNDERSTANDABLE. 
          STAFF HAD A LOT OF COMPLEX ISSUES TO DEAL WITH, AND LEE AND AND STREAM HAD A LOT OF ISSUES TO DEAL WITH, WHICH LEADS ME BACK TO OPTICS. 
          SO HERE WE ARE, MONDAY NIGHT VOTING ON THIS ISSUE. 
          TWO DAYS LATER WE'RE GOING TO HAVE A HOUSING POLICY MEETING WITH THE CITIZENS OF THE TOWN. 
          IT'S AN UNFORCED ERROR, IN MY OPINION. 
          IT WOULD'VE BEEN A, JUST A VERY SIMPLE LAYUP TO SAY, GUYS, WE'RE JUST GONNA MOVE IT OUT TWO WEEKS. 
          THAT WAY WE'RE TAKING THIS ISSUE OFF THE TABLE FOR THE TOWN MEETING ON WINSTON NIGHT. 
          BECAUSE MY CONCERN IS THAT PEOPLE ARE GONNA GET SO WRAPPED UP IN THE OPTICS OF THIS, WELL GUYS, YOU DIDN'T IN FACT GIVE US 
          [03:35:01]
THE OPTION TO TALK TO YOU BEFORE YOU VOTED ON THIS RIGHT OR WRONG. 
          AND LOOK, I'M A REAL ESTATE GUY. 
          I'VE DONE A LOT OF DEVELOPMENT IN MY CAREER. 
          I AM IN NO WAY DENIGRATING THIS PROCESS, THE PLANNING, THE COMMUNICATION, THE, THE ROBUST INTERCHANGE THAT EVEN I HEARD TONIGHT. 
          I'M JUST SAYING FROM MY POINT OF VIEW, SPEAKING TO YOU THAT I THINK IT WOULD'VE BEEN PRUDENTLY AND IT WOULD'VE DIALED DOWN THIS ISSUE TO MOVE IT OUT TWO WEEKS. 
          AND AGAIN, REALITY IS IT'S ALREADY BEEN MOVED OUT ONCE. 
          SO I DON'T THINK IT WOULD COMPROMISE THE INTEGRITY OF THE PROCESS. 
          I DON'T THINK IT WOULD DAMAGE THE ABILITY OF THIS TO BE COMPLETED. 
          I THINK IT WOULD'VE JUST TAKEN AN ISSUE THAT WEDNESDAY NIGHT. 
          I FEEL PRETTY COMFORTABLE SAYING IT'S GOING TO BE FRONT AND CENTER IN A LOT OF PEOPLE'S CONVERSATIONS WITH ALL OF US AND REALLY JUST BROUGHT IT DOWN TO A MORE MANAGEABLE LEVEL. 
          THANK YOU VERY MUCH. 
          THANK YOU. 
          SO THE NEXT SPEAKER IS PAUL WOOD. 
          GOOD EVENING MAYOR COUNCIL PAUL WALDEN, 14 8 0 6 MCGRANE. 
          I WANNA TELL YOU, I REALLY APPRECIATE YOUR DISCUSSION TONIGHT, . 
          UM, I THOUGHT IT WAS VERY THOUGHTFUL. 
          UM, IT, IT, IT CERTAINLY LET THE COMMUNITY KNOW THE HISTORY OF THIS, THE, UH, INVOLVEMENT OF THE COMMUNITY IN THIS PROCESS FOR YEARS. 
          AND I HAVE PERSONALLY GIVEN THIS TOWN COUNTLESS HOURS AS A MEMBER OF THE SUBCOMMITTEE THAT THAT WAS INVOLVED IN, IN ALL, UH, EVALUATING ALL OF THE RFPS NATIONWIDE FOR THIS WITH TOM AND GQ. 
          UM, I, I DON'T UNDERSTAND  WELL, I DON'T WANT TO GET INTO SOME OF THAT, BUT, UM, YOU KNOW, THIS IS, THIS IS A, THIS IS A RENTAL BY CHOICE COMMUNITY. 
          IT'S GOING TO ENHANCE WALKABILITY TO THE LOCAL RESTAURANTS, TO THE LOCAL, UH, UH, UH, YOU KNOW, RETAIL, ET CETERA. 
          THERE. 
          WE TALK ABOUT WALKABILITY, BUT THIS IS A KEY COMPONENT, BUT IT IS, YOU HAVE TO HAVE PEOPLE AND YOU HAVE TO HAVE THAT DENSITY. 
          AND SO HIGH DENSITY IS NOT A BAD WORD. 
          IT'S A GOOD WORD. 
          OKAY? SO LET'S KEEP THAT IN MIND AS WELL. 
          THIS IS WELL THOUGHT OUT. 
          IT IS. 
          UM, I'M HAPPY TO INVITE, UH, HIGH INCOME EARNERS TO LIVE IN ADDISON. 
          I MEAN, WITH THE RENTS THAT THEY'RE GONNA BE CHARGING HERE, YOU KNOW, AND YOU'RE MAKING OVER A HUNDRED GRAND A YEAR TO, TO LIVE THIS, THIS IS A LIFESTYLE QUESTION. 
          IT IS NOT. 
          I HAVE TO RENT BECAUSE I CAN'T AFFORD TO BUY A HOUSE. 
          AND THAT'S THE PARADIGM THAT THE OPPONENTS ARE STUCK IN. 
          YOU'RE STUCK BACK IN THAT OLD MINDSET OF, YOU KNOW, RENTERS ARE LESS THAN QUALITY PEOPLE. 
          AND THAT'S JUST THE TRUTH OF IT. 
          AND THEY'RE NOT INVOLVED, LORI OR JOE, IN, IN, IN COMMUNITY, IN THE COMMUNITY. 
          I MEAN, EVERYBODY KNOWS THAT, YOU KNOW, THIS IS THE CODE OF ALL THAT. 
          AND SO, YOU KNOW, IT'S SO THEY'RE, THEY'RE NOT REALLY TALKING ABOUT THE LAND, THEY'RE TALKING ABOUT THE PEOPLE. 
          AND WE DON'T ZONE PEOPLE. 
          WE ZONE LAND. 
          AND SO THE QUESTION IS WHAT WE'RE GOING TO HEAR. 
          SO LET'S FOLLOW THROUGH WITH THIS, THE PROCESS THAT HAS BEEN INVOLVED IN COMMUNITY ORIENTED. 
          AND WE, WE HAVE A, A A A A REPORT THAT IS CITIZEN DRIVEN. 
          AND SO THE ARGUMENT ABOUT SAYING, WE NEVER KNEW ANYTHING ABOUT THAT, WELL, SHAME ON YOU FOR NOT KNOWING IT. 
          NOT OUR FAULT, IT'S YOUR FAULT. 
          IT'S BEEN GOING ON SINCE 2018. 
          WE HAD A COMMITTEE, I, I APPOINTED CITIZENS TO THAT COMMITTEE TO UNDERSTAND THAT BECAUSE WE WANTED TO HEAR THE PEOPLE. 
          AND THOSE ARE THE FACTS. 
          AND, AND THEY SIMPLY IGNORE ALL OF THAT. 
          AND SO, YOU KNOW, WHEN YOU MAKE YOUR DECISION TONIGHT, YOU KNOW, THIS IS, YOU, YOU, YOU'VE COVERED IT, CHECKED A LOT OF THE BOXES AND HAD A VERY, VERY THOUGHTFUL DISCUSSION. 
          I WAS VERY PROUD OF YOU FOR THAT. 
          AND SO I, I I JUST WANNA SHARE THOSE THOUGHTS WITH YOU. 
          THANK YOU VERY MUCH. 
          THANK YOU. 
          THANK YOU. 
          THANK YOU, SIR. 
          SO THE NEXT SPEAKER IS SO HAPPY, MAYOR AND COUNCIL. 
          I WAS PART OF THE, UH, THE COUNCIL THAT STARTED THIS PROCESS 25, ALMOST 30 YEARS AGO. 
          [03:40:01]
UM, MY COUNCIL PURCHASED THROUGH EMINENT DOMAIN, THE LAND THAT IS NOW THE PARK AND THE LAND AROUND THE RAILROAD TRACKS BECAUSE WE KNEW AT SOME POINT, EVEN DART WOULD HAVE TO RECOGNIZE THE IMPORTANCE OF BRINGING RAIL TO ADDISON. 
          AND NOW IT'S BECOMING A REALITY. 
          AND NOW WE HAVE THE DEVELOPMENT THAT MY COUNCIL STARTED THINKING ABOUT 30 YEARS AGO. 
          MY BIGGEST CONCERN WITH WHAT'S GOING ON RIGHT NOW IN OUR COMMUNITY IS, UM, MISINFORMATION. 
          I DESPISE IT. 
          IT DOESN'T ADD TO OUR DISCOURSE. 
          IT, IT DOESN'T, YOU KNOW, THIS WHOLE NOTION OF, UM, NO MORE APARTMENTS, WHAT DOES THAT MEAN? DOES IT MEAN YOU BREACH A MEMORANDUM OF UNDERSTANDING? DOES IT MEAN YOU TAKE AWAY USES FROM PROPERTY? UM, WHICH I GUESS YOU COULD DO THROUGH IMMINENT DOMAIN, BUT YOU'D HAVE TO PAY FOR IT. 
          UH, WHERE'S THAT MONEY COMING FROM? UM, DO THE PEOPLE WHO ARE SCANNING QR CODES AND CLICKING BUTTONS, DO THEY UNDERSTAND THAT, THAT THEIR SCANNING AND CLICKING IS BEING USED TO SUGGEST THAT THEY SUPPORT? I DON'T KNOW. 
          WHAT IDEAS, UM, ARE BEING ADVOCATED, SUBSIDIZING SINGLE FAMILY HOMES BECAUSE PEOPLE ARE GONNA BUY A SINGLE FAMILY HOME ON MIDWAY ROAD OR NEXT TO THE RAILROAD TRACKS. 
          THIS PROCESS HAS GONE ON FOR YEARS AND YEARS AND YEARS. 
          WE DON'T GOVERN BY WHAT COMES ALONG LATELY. 
          WE'VE HAD MASTER TRANSPORTATION PLANS, MASTER TRAIL PLANS, WE'VE HAD SAM'S CLUB AREAS STUDIES. 
          WE'VE HAD, WE'VE HAD COMPREHENSIVE MASTER PLANS. 
          ADDISON IS WHAT IT IS TODAY BECAUSE PEOPLE HAD VISION AND THEY PLANNED IT AND THEY WORKED THROUGH IT, AND THEY STAYED CONSISTENT WITH THAT MESSAGE. 
          THIS DEVELOPMENT DOES THAT. 
          IT IS THE LAST STEP IN THE PROCESS THAT WAS BEGUN BY MY COUNCIL SOME 30 YEARS AGO WHEN WE ACQUIRED THIS AND OTHER LAND. 
          AND THAT WENT ON FOR PROBABLY SEVEN OR EIGHT YEARS. 
          UM, SO I SPEAK IN FAVOR OF IT. 
          I'M NOT AGAINST TABLING IT. 
          I DON'T DISAGREE ABOUT THE POINT ABOUT OPTICS, BUT OPTICS ARE WHAT YOU MAKE THEM. 
          AND SO IF YOU WANNA RILE PEOPLE UP BY SAYING, OH MY GOODNESS, THIS HAS COME UP LATELY AND ALL THAT, I GUESS PEOPLE WILL DO THAT WEDNESDAY NIGHT AND WE'LL HEAR THAT IN SPADES. 
          BUT IT WILL BE MISINFORMATION BECAUSE THIS HAS BEEN A PROCESS THAT'S BEEN GOING ON IN SHADES AND PHASES FOR CLOSE TO 30 YEARS. 
          I'M NOT PERSUADED BY MISINFORMATION. 
          I THINK IT, IT SERVES NO CONSTRUCTIVE PURPOSE WHATSOEVER. 
          I'M DISAPPOINTED TO SEE IT HAPPENING AGAIN, AND I HOPE THAT YOU WON'T BE PERSUADED BY IT. 
          THANK YOU. 
          THANK YOU. 
          ANYONE ELSE WISH TO SPEAK ON THIS ITEM? PLEASE SAY, DO SO. 
          OKAY. 
          SINCE NO ONE IN PUBLIC WISH TO SPEAK ON THIS ITEM ARE HEREBY CLOSE THE PUBLIC HEARING FOR THIS ITEM, SPECIFICALLY ITEM NUMBER 12, DO I HAVE A MOTION TO APPROVE ITEM 12, MOVE FOR APPROVAL. 
          SECOND. 
          SO I HAVE MOTION FROM EILEEN ICK AND THE SECOND FROM CAPTAIN WHEELER. 
          LADY FIRST. 
          OKAY, SO ALL IN FAVOR, PLEASE SAY AYE. 
          AYE. 
          I OPPOS. 
          OKAY. 
          UH, ADVANCE TO ITEM 
          [13.  Hold a Public Hearing, Present, Discuss, and Consider Action on an Ordinance Adopting a Development Plan for Lots 1 and 5X, Block A of Addison Circle Station – Phase I, Including a Site Plan, Landscape Plan, Facade and Floor Plans for an Office Building with Ground Floor Retail/Restaurant Uses, a Parking Structure, Site Access Drives, and Addison Road and Festival Way Streetscape Improvements on and Adjacent to a 2.7 Acre Property at the Southeast Corner of Addison Road and Festival Way. Case 1872-Z/Office & Parking Structure, Lots 1 and 5X, Block A, Addison Circle Station – Phase I.]
13. 
          MAYOR, I, I DON'T HAVE A PRESENTATION TO MAKE IT. 
          AS WE DISCUSSED, UH, MY PRESENTATION, YOU ALREADY COMPLETE ALL THOSE? YES, SIR. 
          OKAY. 
          IN THIS CASE, DO I HAVE MOTION? OH, LADY AND GENTLEMEN, THIS ITEM IS STILL LISTED THE PUBLIC HEARING. 
          ANYONE WISH TO SPEAK ON THIS ITEM? PLEASE DO SO. 
          NO ONE IN PUBLIC WISH TO SPEAK ON THIS ITEM, HEREBY CROSS THE PUBLIC HEARING. 
          YOU HAVE MOTION. 
          ONE SECOND. 
          SO LADY, FIRST YOU MAKE I MOVE APPROVAL. 
          ALRIGHT, LAURIE WARD MADE A MOTION. 
          AND HONG BROWN SECONDED OR IN FAVOR TO APPROVE THIS ITEM, PLEASE SAY AYE. 
          AYE. 
          AYE. 
          I AM BOTH ITEM 
          [14.  Hold a Public Hearing, Present, Discuss, and Consider Action on an Ordinance Adopting a Development Plan for Lot 3, Block A of Addison Circle Station – Phase I, Including a Site Plan, Landscape Plan, Facade and Floor Plans for a Multifamily Residential Building with Ground Floor Retail/Restaurant Uses, and Festival Way and Quorum Drive Streetscape Improvements on and Adjacent to a 1.8 Acre Property at the Southwest Corner of Quorum Drive and Festival Way. Case 1874-Z/Multifamily Tower, Lot 3, Block A, Addison Circle Station – Phase I.]
14. 
          YOU KNOW, UH, YOU HAVE ANY PRESENTATION RELATED TO THIS ONE? NO, SIR. 
          ALRIGHT. 
          SO LADIES AND GENTLEMEN, THIS ITEM IS AS WELL, THIS IS THE PUBLIC HEARING. 
          IF ANYONE IN PUBLIC WISH TO SPEAK ON THIS ITEM, WE DO. 
          SO SAYS, NO ONE IN PUBLIC WISH 
          [03:45:01]
TO SPEAK ON THIS ITEM. 
          HEREBY CLOSE THE PUBLIC HEARING. 
          DO I HAVE A MOTION? MAKE A MOTION TO APPROVE THIS. 
          SECOND. 
          SO I HAVE MOTION FROM KATHERINE WAITER AND THE SECOND FROM ADDING RENIK. 
          ALL IN FAVOR, PLEASE SAYS AYE. 
          AYE. 
          AYE. 
          OPPOS ITEM 15. 
          [15.  Hold a Public Hearing, Present, Discuss, and Consider Action on an Ordinance Adopting a Development Plan for Lot 1, Block B, Addison Circle Station – Phase I, and the Realignment of Spectrum Drive, Including a Site Plan, Landscape Plan, Facade, and Floor Plans for a Multifamily Residential Building with Ground Floor Retail/Restaurant Uses, and Arapaho Road and Quorum Drive Streetscape Improvements on and Adjacent to a 3.5 Acre Property at the Northeast Corner of Arapaho Road and Quorum Drive, and Bisected by Spectrum Drive. Case 1875-Z/Multifamily Midrise, Lot 1, Block B, Addison Circle Station Phase I.]
KEN, DO YOU HAVE ANYTHING ADDITIONALLY? NO, SIR. 
          NO. 
          ALL LADIES AND GENTLEMEN, THIS ITEM IS LISTED. 
          THE PUBLIC HEARING IS FOR ANYONE IN PUBLIC WISH TO SPEAK ON THIS ITEM, PLEASE DO SO. 
          SAYS NO IN PUBLIC WISH TO SPEAK ON THIS ITEM, HEREBY CLOSED PUBLIC HEARING AGAIN. 
          SO DO I HAVE MOTION? SO MOVED. 
          SO I, UH, TOM BROWN MADE A MOTION. 
          SECONDED, OR IN FAVOR, PLEASE SAY AYE. 
          AYE. 
          OPPOSED? ITEM 
          [16.  Hold a Public Hearing, Present, Discuss, and Consider Action on an Ordinance Adopting a Development Plan for Lot 2, Block A of Addison Circle Station – Phase I, Including a Site Plan and Landscape Plan for the Construction of Emergency Access Drives, Pedestrian Ways, and Festival Way Streetscape Improvements on and Adjacent to a 1.9 Acre Property Generally Located South of Festival Way and 400 Feet West of Quorum Drive. Case 1873-Z/Retail Node, Lot 2, Block A, Addison Circle Station – Phase I.]
16. 
          DO WE HAVE ANYTHING YOU WANT TO ADD AGAIN? SO THE, THE ONE COMMENT I WOULD ADD, UM, THERE WAS A QUESTION ABOUT THE STATUS OF THE RETAIL AND ENTERTAINMENT NODE. 
          UM, SO TO PROVIDE SOME CONTEXT ON THAT, UM, WITH THE INITIAL PROPOSAL, THE CO-DEVELOPERS DID HAVE A CONCEPT CALLED THE HUB. 
          UM, IT WAS A CONCEPT OUT OF THE, UH, 30, A AREA OF FLORIDA, UM, UH, A C SIDE, UM, THAT, UH, BASICALLY, UM, UH, ALIGNS WITH THE CONCEPTUAL PLAN THAT, UH, WAS INCLUDED WITH THE PROJECT. 
          UM, THAT CONCEPT HAS BEGUN TO MOVE INTO AND TRANSITION INTO TEXAS. 
          AND AS WE SAW THAT TRANSITION, UH, STAFF AND THE CO-DEVELOPER TEAM THOUGHT IT WAS A GOOD CONCEPT, BUT IT ULTIMATELY WAS NOT THE BEST FIT FOR THIS PROJECT. 
          AND ONE OF THE THINGS THAT WE LEARNED WITH THE HUB, UH, THAT WE'RE GONNA LEARN WITH POTENTIAL NEW CO-DEVELOPERS ON THAT, THAT PIECE IS THAT THAT COMPONENT OF THE PROJECT HAS THE SHORTEST DEVELOPMENT, UM, CYCLE, AND THAT IT WILL BE DEVELOPED MUCH QUICKER THAN THE COMPLEX OFFICE, MULTI-FAMILY AND SITE INFRASTRUCTURE. 
          SO THE, UH, INTERESTED RETAIL ENTERTAINMENT DEVELOPERS, THEY'RE GOING TO WANT TO ENTER INTO THE PROJECT A LITTLE AS IT ADVANCES A LITTLE FURTHER. 
          SO THAT IS WHY THERE'S NOT A RETAIL DEVELOPMENT PARTNER YET. 
          UH, THE HUB WAS VERY EXCITED ABOUT THIS PROJECT. 
          THEY ARE HAVING DISCUSSIONS WITH OTHER POTENTIAL RETAIL OPERATORS THAT ARE EXCITED ABOUT THE PROJECT. 
          SO WE'RE VERY CONFIDENT THAT WE'LL HAVE A, A VERY STRONG CONCEPT THERE. 
          AND THE DEVELOPMENT AGREEMENTS BETWEEN THE TOWN AND THE CO-DEVELOPERS WILL ADDRESS TIMELINES AND PENALTIES TO PROTECT THE TOWN TO ENSURE THAT WE DO GET THAT STRONG RETAIL CONCEPT WITH THE PROJECT WHEN IT MOVES FORWARD. 
          RIGHT? SO ANY QUESTION? THANK YOU. 
          THANK YOU. 
          ALL RIGHT, LADIES AND GENTLEMEN, THIS ITEM IS LISTED AS PUBLIC HEARING. 
          IF ANYONE IN PUBLIC WISH TO SPEAK ON THIS ITEM, PLEASE DO SO. 
          THIS IS NO ONE IN PUBLIC WISH TO SPEAK ON THIS ITEM HEREBY CLOSING THE PUBLIC HEARING MOTION SHALL SECOND. 
          SO, MOTION FROM HEARING GARNER AND THE SECOND FROM LORI WARD, OR IN FAVOR? TO APPROVE THIS ITEM, PLEASE SAY, AYE. 
          AYE. 
          AYE. 
          OPPOSE MEETINGS ADJOURNED.
* 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.