Jan 23, 2024 Work Session and Regular Meeting

GO TO ITEM NUMBER FIVE, WHICH IS A CLOSED MEETING.

SEEING NONE, THAT'S GOOD.

GOOD NEWS.

WE'LL

[5. Closed Meeting. The Addison City Council will enter a Closed Meeting pursuant to Texas Government Code Sections 551-071 through 090 to discuss the following item(s): Political Signs]

AS TO THE COUNCIL WILL ENTER A CLOSED MEETING PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 1 7 1 9 TO DISCUSS THE FOLLOWING ITEMS, POLITICAL SIGNS, SECTION 5 51 8 7, ECONOMIC DEVELOPMENT NEGOTIATIONS.

AND THAT'LL BE ADDISON CIRCLE TRANSIT ORIENTED DEVELOPMENT PROJECT.

AND THEN WE'LL HAVE SECTION 5 5 1 0.071 CONSULTATION WITH CITY ATTORNEY.

AND THAT WILL BE DISCUSSION OF THE TOWN'S POLITICAL SIGN REGULATIONS.

AND THEN WE'LL HAVE THOSE ITEMS, ENC CLOSED SESSION, AND IT IS 6 0 3.

WE'LL GO INTO CLOSED SESSION AT THIS TIME AND WE'LL ASK FOR THOSE.

NOT, UH, INVOLVE IN THAT DISCUSSION.

YOU'LL, UH, MAKE YOURSELF SCARCE.

ARE YOU SURE?

[6. Open Meeting. In accordance with Texas Government Code Chapter 551, the Addison City Council will reconvene in an Open Meeting to consider action, if any, on the matters discussed in the Closed Meeting.]

THANK YOU VERY MUCH.

IT'S 7 21.

WE ARE COMING OUTTA A CLOSED SESSION AND GOING INTO OPEN MEETING AT 7 21.

THERE'S NO ACTION TO BE TAKEN FROM THE CLOSED SESSION.

AND WE WILL MOVE

[a. Present and discuss the North Texas Emergency Communication Center (NTECC).]

ON TO ITEM NUMBER SEVEN, WORK SESSION REPORTS, AND FIRST ITEM, UH, SEVEN A PRESENT AND DISCUSS THE NORTH TEXAS EMERGENCY COMMUNICATIONS CENTER IN INTAKE.

SO, UH, AS ASHLEY COMES UP HERE AND GETS READY, I, I, I'LL JUST TAKE THIS OPPORTUNITY QUICKLY TO JUST TALK ABOUT INTECH FROM A VERY HIGH LEVEL.

AND, YOU KNOW, WE'VE BEEN, AS YOU YOU'LL SEE IN THE PRESENTATION OVER 10 YEARS NOW, I'VE BEEN, UM, WITH INTECH.

AND IF YOU'RE NOT FAMILIAR, INTECH IS, UM, THE REGIONAL DISPATCH THAT WE HAVE ALONG WITH THE, WITH CARROLLTON FARMERS BRANCH AND CAPEL.

AND TO BE HONEST, IT, IT IS JUST, IT'S BEEN A VERY BIG SUCCESS.

I'M VERY HAPPY WITH, WITH IT.

I THINK DISPATCH IS THE PERFECT, UH, FUNCTION TO HAVE A REGIONAL APPROACH WITH, AND I THINK THIS HAS BEEN A TESTAMENT TO IT.

I HAVE A FIRM BELIEF IN THEIR LEADERSHIP WE HAVE AT INTECH.

UM, THEY'RE VERY ACCOMMODATING, I THINK VERY PROFESSIONAL AND JUST, UM, OVERALL VERY SATISFIED WITH WHERE WE ARE.

SO WE'RE GONNA GO INTO FACILITY CONVERSATION, BUT I THINK IT'S IMPORTANT TO KEEP THAT CONTEXT IN MIND AS WE HAVE THE DISCUSSION.

QUICK QUESTION, DO WE HAVE THE PRESENTATION IN THE, IN THE AGENDA? IT WAS SEPARATELY.

SHOULD IT, SHOULD WE ADD THAT, UH, WHEN WE CAN AMEND, AMEND THE AGENDA FOR THE YEAH, LET IT ABSOLUTELY.

SORRY.

THOUGHT THAT WAS GOOD POINT.

YEAH, I HAPPY YOU SEE IT.

THE FOUR CITIES ACTUALLY CAME TOGETHER, ADOPTED THEIR ARTICLES IN THE CORPORATION AND DESIGNATED THE FOUR CITY MANAGERS TO BE THE BOARD OF DIRECTOR FOR THAT LOCAL GOVERNMENT CORPORATION.

WE'LL MAKE SURE IT'S, I KNOW I SENT IT TO Y'ALL OVER EMAIL, BUT IT SHOULD, YEAH, IT'S AN ATTACHMENT, BUT IT SHOULD HAVE BEEN ON THE AGENDA, SO WE'LL GET, YEAH, SO DAVID STOLE A LITTLE, MY THUNDER, BUT THAT'S OKAY.

, UM, ASHLEY SCHROER, DEPUTY CITY MANAGER, UH, IN TECH, BUT NORTH TEXAS, UM, EMERGENCY COMMUNICATION CENTER.

I'LL TELL YOU SOMETHING THAT IS VERY NEAR AND DEAR TO MY HEART.

THIS IS A PROJECT I HAD STARTED WHEN I WAS IN CARROLLTON.

UM, AND SO I WAS A PART OF IT FROM THE VERY BEGINNING, WHICH STARTED ABOUT IN 2012.

THE CITY STARTED HAVING DISCUSSIONS.

UM, IN 2014,

[00:05:01]

SO THEY'RE SET UP AS THEIR OWN ENTITY.

AND THEN APRIL 1ST, 2016, WE TOOK OUR FIRST CALL.

SO SINCE THEN, INTECH IS ACTUALLY A NEXT GEN 9 1 1.

THEY HAVE THE ABILITY TO TAKE, UH, TEXT TO 9 1 1.

THEY CAN DO VIDEO CALLS TO 9 1 1.

THEY HAVE THE ABILITY TO, THE SAME AS WAZE AND UBER.

AND A LOT OF THESE, THEY CAN ACTUALLY TRACK YOUR EXACT LOCATION FROM YOUR CELL PHONE.

SO WE HAVE THE BEST OF THE BEST WHEN IT COMES TO, TO 9 1 1 TECHNOLOGY.

AND WE DO HAVE TO GIVE, UM, A BIG THANK YOU TO THE EXECUTIVE DIRECTOR TERRY GOSWICK OVER THERE BECAUSE HE HAS GONE OUT AND ACTUALLY, UH, GOT GRANT MONEY TO UPGRADE US AND MAKE SURE THAT WE ARE AT THE TOP LEVEL OF ALL OF THIS SOFTWARE AND ALL OF THE EQUIPMENT THAT WE NEED TO BE ABLE TO DO ALL OF THIS.

AND HE'S BEEN ABLE TO DO THAT IN NO COST TO US.

SO INTECH SERVES APPROXIMATELY 250,000, UH, RESIDENTS AND VISITORS BETWEEN THE FOUR CITIES.

AND FOR 2023, INTECH TOOK ALMOST 141,000 CALLS WITH ABOUT 23,000 OF THOSE BEING FROM ADDISON.

SO WE SIGNED A 15 YEAR LEASE WITH A DATA COMPANY IN CARROLLTON.

AND THAT WAS A 15 YEAR LEASE THAT INCLUDED ABOUT A MILLION, ALMOST $2 MILLION WORTH OF BUILD OUT TO BUILD THAT PORTION OF THEIR FACILITY TO WHAT WE NEEDED TO MEET STANDARDS, UH, WHICH IS THE CRIMINAL JUSTICE STANDARDS TO MEET.

WE HAVE TO ALSO DO THE, UM, THE, UH, IT'S A FIRE AND PUBLIC SAFETY BUILDING STANDARD.

SO IT TOOK US ABOUT $2 MILLION TO ACTUALLY BUILD OUT THAT FACILITY.

AND WE WERE LUCKY BECAUSE IT WAS A DATA FACILITY, IT WAS ALREADY A HARDENED FACILITY, WAS ALREADY SET UP FOR GENERATORS, ALREADY HAD SOME OF THE INFRASTRUCTURE THAT WE WOULD NEED AS A PUBLIC SAFETY FACILITY.

SO WE, UH, OUTFITTED ABOUT ALMOST 12,000 SQUARE FEET.

IT'S AN AS IS LANDLORD SITUATION, SO WE TAKE CARE OF EVERYTHING WITHIN THE WALLS EXCEPT FOR THE AC.

UM, AND THEN ANYTHING THAT'S SHARED WITH CYRUS ONE.

SO WE HAVE SOME NETWORK AREA, THE GENERATOR AREA THAT'S SHARED WITH CYRUS.

ONE, THEY MAINTAIN THAT AND OUR LEASE TERMINATES ON APRIL, 2029.

THERE ARE OPTIONS TO RENEW THAT LEASE AND TO EXTEND THAT LEASE, BUT AT A MUCH HIGHER COST THAN WHAT WE'RE PAYING NOW.

SO WITH THAT 2029 DEADLINE COMING UP, THE BOARD OF DIRECTORS, UH, GAVE DIRECTION TO FIND SOMEBODY TO COME LOOK AT WHAT ARE THE OPTIONS FOR INTENT.

IS IT, EXCUSE ME, WE HAD AN OPTION TO EXTEND AND TAKE OVER THE SECOND FLOOR AT THE FACILITY THAT THEY'RE IN NOW.

UM, IS IT MORE COST EFFECTIVE TO GO OUT AND BUILD OUR OWN FACILITY? WHEN THIS WAS INITIALLY TALKED ABOUT BACK STARTING IN 2012 AND IN 2014, IT WAS ALWAYS ANTICIPATED THAT BEING WHERE THEY ARE RIGHT NOW WAS A TEMPORARY THING.

THEY WOULD EVENTUALLY OUTGROW THAT AND WOULD NEED TO BUILD THEIR OWN SPACE AND IT WOULD MAKE ECONOMICAL SENSE TO BUILD OUR OWN SPACE INSTEAD OF CONTINUING TO PAY A LEASE.

SO LOOKING AT THAT, THEY HIRED, UH, FREEZE AND NICHOLS TO COME IN TO DO A NEEDS ASSESSMENT FOR OUR GROWTH OVER THE NEXT 20 YEARS.

PROVIDE COST ESTIMATES FOR STAYING IN THE FACILITY, LOOKING FOR ANOTHER FACILITY TO RETROFIT OR BUILDING OUR OWN FACILITY, AND THEN DEVELOP A STANDARD FOR SPACE NEEDS AND DEVELOP, UH, NEEDS ASSESSMENTS FOR TRAINING AND OPERATION GROWTH.

SO NOT JUST WHERE THE DISPATCHERS ARE, BUT MAKING IT A FULL SERVICE FACILITY WHERE THEY CAN DO THEIR TRAINING, WHERE THEY CAN HAVE, UM, WHEN POLICE AND FIRE NEED TO COME IN.

IT'S A FULL SERVICE BUILDING.

DURING THAT, WE DID TALK TO CY ONE, WHICH IS THE FACILITY THAT WE'RE IN.

THEIR COSTS WERE OUTSIDE OF MARKET TO SAVE THE LEASE.

SO THE UPDATES THAT WE GOT BROUGHT IT TO A POINT, IT WAS NOT COST EFFECTIVE TO STAY.

IN ADDITION, IF WE TOOK OVER THE SECOND FLOOR, IT WAS GONNA BE ABOUT $3.4 MILLION TO OUTFIT THAT SECOND FLOOR IN THE, UH, SPACE THAT WE UNIQUE.

AND SO LOOK AT, UH, BUILDING A NEW 23,000 SQUARE FOOT FACILITY, COST ESTIMATE WAS ABOUT $20 MILLION TO DO THAT.

WHEN FRIES NICHOLS LOOKED AT

[00:10:01]

GOING AND TRYING TO RETROFIT A CURRENT BUILDING, THEY SAID IT WAS JUST COST PROHIBITIVE.

UM, THAT COST WOULD DEPEND ON THE BUILDING, ALL THE THINGS THAT WOULD HAVE TO BE DONE AS FAR AS, UM, SECURING THE FACILITY, HARDENING THE WALLS, MAKING SURE THAT THERE WAS GENERATOR AND GENERATOR SPACE, AND GOING THROUGH ALL OF THOSE AND SAY, THEY JUST SAID THAT WAS NOT A COST, AN OPTION THAT, UH, MADE SENSE.

SO WE LOOKED AT STAYING AT THE CURRENT FACILITY AND BUILDING.

SO THE 30 YEAR ESTIMATED COST, UH, OF BUILDING A NEW FACILITY IS ALMOST $25 MILLION CHEAPER THAN CONTINUING OUR LEASE.

SO THIS IS A BREAKDOWN BROKEN OUT OVER, UH, 15 YEARS, THE FIRST 15 AND THE SECOND 15.

UM, THIS COST IS INCLUSIVE OF EVERYTHING EXCEPT THE LAND AND THE FF AND E.

SO FIXTURES, FURNITURE AND EQUIPMENT ALWAYS.

SO, UM, SO THIS IS A COST OF EVERYTHING.

AND YOU CAN SEE AGAIN, YOU KNOW, RENTING OVER 30 YEARS IS, YOU KNOW, 57.6 MILLION.

BUYING OVER THE 30 YEARS IS 37.7.

AND THEN OUR 30 YEAR COST, WHAT THAT MEANS FOR US IS ADDISON, IS IT IS GONNA SAVE US JUST OVER $4 MILLION OVER THAT 30 YEAR PERIOD.

AND SO OUR COSTS ARE BROKEN DOWN.

HOW WE DETERMINE EACH CITY'S PORTION IS THROUGH CALLS FOR SERVICE.

SO ACTUAL CALLS COMING IN BOTH, UM, BASICALLY THROUGH 9 1 1.

SO IT'S, IT IS NOT THE ADMINISTRATIVE CALLS COMING IN, IT IS YOUR CALLS PER SERVICE.

AND WE MAKE UP ABOUT 16.8% OF ALL THE CALLS THAT COME THROUGH.

AND THAT'S HOW WE COME TO OUR BREAKDOWN OF THE COST.

THAT'S ACTUALLY SOMETHING THAT'S LOOKED AT, I BELIEVE, ON A THREE YEAR BASIS.

AND THEY TAKE AN AVERAGE OVER THE THREE YEARS AND, AND CHECK THOSE NUMBERS TO MAKE SURE EVERYBODY'S STILL WHERE THEY NEED TO BE.

SO THIS IS NOT A REPRESENTATION OF WHAT THE NEW BUILDING WILL LOOK LIKE, ONLY OF A LAYOUT AND KIND OF BLUEPRINT OF HOW IT WILL BE SET UP WITH THE FIRST FLOOR BEING THE ADMIN OFFICES AND THE SECOND FLOOR BEING DISPATCHED.

AND THE REASON THAT IS, IS BECAUSE THE DISPATCH FLOOR ITSELF AGAIN, HAS TO HAVE DIFFERENT SECURITY.

IT HAS TO HAVE DIFFERENT BACKUP UPS BACKUP GENERATOR SERVICES AND EVERYTHING.

AND SO, UM, SEPARATING THE TWO OUT MADE SENSE, ALSO GOING WITH A TWO STORY BUILDING GAVE, UH, ABOUT A 10 TO 15% COST DIFFERENCE.

AND SO IT HAS TO BE A GATED FACILITY.

SO AGAIN, YOU'LL SEE WE'VE GOT GATE EQUIPMENT, YARD, THINGS LIKE THAT BECAUSE YOU HAVE TO HAVE THE GENERATOR ALL OVER THE BACKUP.

THANK YOU MAYOR AND COUNCIL.

STEVEN LIMAN, CHIEF FINANCIAL OFFICER.

UH, SO THE WAY THAT, UH, STAFF WOULD PROPOSE TO FUND THIS IS, UH, ISSUANCE OF, UH, CERTIFICATES OF OBLIGATION, UH, IN THE AMOUNT OF $3.4 MILLION.

SO AT THE ESTIMATED, UH, CONSTRUCTION PRICE OF $20 MILLION, OUR PORTION BEING ABOUT 17% OF THAT, UH, COMES OUT TO 3.4 MILLION.

UH, WHAT WE MODELED INTO THIS IS LEVELING YOUR DEBT SERVICE OF ABOUT $270,000 PER YEAR, UH, FOR 20 YEARS WITH AN ESTIMATED INTEREST RATE OF ABOUT 5%.

UH, THAT'S A VERY CONSERVATIVE INTEREST RATE.

IF WE SOLD BONDS TODAY, IT WOULD BE PROBABLY CLOSER TO LESS THAN 4%, BUT, UH, THERE'S SOME RISK, UH, BUILT INTO THAT.

SO, UM, SO ANYWAY, WITH THAT SAID, UH, THE ESTIMATED ANNUAL, UH, DEBT SERVICE WOULD PROBABLY BE LESS, UH, IF, YOU KNOW, MARKET CONDITIONS STAY WHERE THEY'RE AT NOW.

UH, SO BASED ON, UH, THAT PLAN OF ISSUANCE, UH, AND THE PLAN OF OWNERSHIP, UH, THE FOLLOWING, UH, COST, UH, DIFFERENCES WOULD, WOULD BE GENERATED FROM, UH, AS FAR AS FUTURE CASH FLOWS.

SO IF YOU REMEMBER THE, UH, THERE'S A 15 YEAR LEASE EXISTING.

UH, SO WE WOULD SEE ABOUT A $72,000 INCREASE IN ANNUAL COST, UH, WITH THE EXISTING 15 YEAR LEASE.

WHEN YOU TAKE INTO ACCOUNT THAT DEBT SERVICE AND THE OTHER COST OF OWNERSHIP, UH, WHEN IT MOVES TO A NEW LIST, NEW LEASE, UH, WE'D SEE ABOUT A $55,000 DECREASE IN ANNUAL COST, UH, IN YOUR 16 THROUGH 20.

AND THEN ONCE THAT DEBT SERVICE FALLS OFF AND WE NO LONGER HAVE THAT OBLIGATION, THAT'S WHEN YOU REALLY START TO SEE THE SAVINGS THAT WE'D SEE ABOUT $325,000 DECREASE IN OUR ANNUAL, UH, OUTLAYS, UH, IN YOUR 21 THROUGH 30 AND THEN GOING FORWARD AS WELL.

SO, ANY QUESTIONS ABOUT THE FINANCING?

[00:15:02]

I'VE GOT A QUESTION.

UM, IF I, IF I'M CALCULATING THIS CORRECTLY, AT, AT THE 20 YEAR, UH, DEBT, IS THAT WE'RE TALKING ABOUT LIKE 5.4 MILLION OVER THE TERM? THAT'S CORRECT.

AND, AND I KNOW FROM OUR COUNCIL QUESTIONS, YOU, I BELIEVE YOU ANSWERED SOME COUNCIL QUESTIONS.

I APPRECIATE YOU ANSWERING THE COST OF THE DEBT.

IF WE DID IT OVER 10 YEARS AND 15 YEARS.

UM, CAN YOU JUST SHARE SOME COLOR OF MAYBE WHY YOU'RE THINKING 20 YEARS RATHER THAN SOMETHING LESS? YEAH, GENERALLY, I MEAN, WITH THE FACILITY, THIS IS PROBABLY GONNA BE A 30, 40, 50 YEAR FACILITY, RIGHT? IT'S, SO FINANCING IT OVER A 20 YEAR TERM IS, IS APPROPRIATE.

WE WOULD DO THAT FOR ANY, UH, INFRASTRUCTURE THAT HAS A USEFUL LIFE THAT LONG.

NOW YOU CAN DO IT AT A, I MEAN, YOU CAN DO IT, UH, SHORTER TERM, UH, IF YOU WANT, BUT GENERALLY THIS, UH, THIS FACILITY, THE BENEFITS ARE GONNA BE ENJOYED BY, YOU KNOW, TAXPAYERS FOR THAT 30, 40, 50 YEAR TIMEFRAME.

AND THESE INCREASES ARE BASED ON WHAT WE'RE PAYING NOW? THAT'S CORRECT, YES.

AS FAR AS BULLET, THE, THE LAST BULLET THERE, I SAYING NOT, NOT COMPARED TO WHAT OUR NEW LEASE WOULD BE LEASE.

WELL, IN YEARS, IF WE WERE A LEASE LEASE IN YEARS 16 THROUGH 30, THAT WOULD BE THAT SECOND 15 YEAR LEASE IF WE DID NOT DECIDE TO GO WITH THE OWNERSHIP OPTION.

SO THAT IS IN THEORY, BASED ON WHAT THAT LEASE OBLIGATION WOULD BE IF WE DIDN'T BUILD A CLOSURE.

I'LL PASS IT BACK TO ASHLEY.

SO BASED ON THE INFORMATION THAT THE BOARD RECEIVED, THE RECOMMENDATION IS TO BUILD A NEW FACILITY.

AND WHAT THAT WILL LOOK LIKE IS, UH, THE BOARD WILL SELECT AN ARCHITECT BY DECEMBER OF THIS YEAR, A CONTRACTOR BY OCTOBER, 2025, WITH A CONSTRUCTION TO HOPEFULLY WHAT BEGIN SOON AFTER THAT, BEGIN PROVIDING PUBLIC SAFETY COMMUNICATION.

SO TAKE OUR FIRST CALL IN OCTOBER OF 2028 AND WE WILL NEED SOME TIME TO MAKE SURE THAT WE CAN VACATE THE CURRENT FACILITY.

WE'LL HAVE A LITTLE BIT OF OVERLAP, SO VIA OUT OF THE CURRENT FACILITY BY APRIL, 2029.

SO WITH THAT, UM, THE PLAN IS THE BOARD WILL MEET ALL FOUR CITIES ARE MEETING TODAY, GIVING PRETTY CLOSE TO THE SAME PRESENTATION.

AND SO, UH, THIS IS YOUR CHANCE.

IF YOU HAVE ANY CONCERNS, IF YOU HAVE ANY QUESTIONS, IF YOU NEED ANY ADDITIONAL INFORMATION, WE ARE MORE THAN HAPPY TO GET THAT TO YOU.

ASHLEY, HOW ARE THEY THINKING THE LOCATION MIGHT BE SELECTED? SO THE LOCATION IS ACTUALLY INTERESTING BECAUSE IT'S A PUBLIC SAFETY BUILDING.

THERE ARE A LOT OF GUIDELINES THAT THEY HAVE TO FOLLOW.

SO, UM, THEY WILL PROBABLY HAVE TO, THEY WILL HAVE TO GET A BROKER TO GO OUT AND HELP THEM FIND THIS TYPE OF LOCATION BECAUSE THEY HAVE TO HAVE A CERTAIN POWER SOURCE.

THEY CAN'T BE, I'M GONNA, OFF THE TOP OF MY HEAD, REMEMBERING FROM WHEN WE FOUND OUR CURRENT FACILITY, YOU COULDN'T BE NEAR A RAILROAD THAT HAD HAZARDOUS MATERIAL.

YOU HAD TO BE FAR ENOUGH FROM CERTAIN, I CAN'T EVEN REMEMBER WHAT ALL OF THEM WERE.

SO ALL OF THAT WOULD BE PASSED ON TO A BROKER.

AND A BROKER WILL HELP THEM FIND, UH, FIND LAND.

SO, AND OBVIOUSLY EACH CITY IS, IS OFFERING, IF THEY HAVE LAND THAT'S AVAILABLE, THEY'RE OFFERING THAT UP AS AN OPTION OR IF THEY KNOW OF ANY AVAILABLE LAND WITHIN THEIR CITY.

AND AND DOES IT NECESSARILY HAVE TO BE IN ONE OF THE CITIES OR COULD IT BE REALLY PRETTY MUCH ANYWHERE? IT DOES NOT.

UM, INTERESTING ENOUGH, THE, THE FACILITY THAT, OR THE CORPORATION THAT WE BASE THIS OFF OF THAT WAS IN GLENVIEW, ILLINOIS.

UM, I DON'T EVEN, I DON'T REMEMBER IF THEY WERE EVEN IN, MAYBE THEY WERE IN JUST GLENVIEW AND THEIR OTHER CITIES, I THINK WE'RE ALMOST 30 MILES AWAY.

AND SO I, IT DOES NOT HAVE TO BE OKAY.

I MEAN, WE COULD GET OUR SERVICES ANYWHERE.

SURE.

SO OBVIOUSLY IF, IF IT COMES, IF THERE'S A, I SAY OBVIOUSLY I WOULD THINK WE WOULD CONSIDER IF A PIECE OF LAND IS AVAILABLE THAT'S IN AN ADJACENT CITY THAT MAKES SENSE AND IT'S, IT'S COST EFFECTIVE, IT'S EVERYTHING THAT WE NEED AND THE FOUR CITIES DON'T HAVE ANYTHING AVAILABLE, THE BOARD WILL LOOK AT THAT FOR SURE.

SO WE CAN BE, THEY CAN BE KIND OF OPEN-MINDED WITH THAT.

BUT THE QUESTIONS, COMMENTS, NO.

I STILL FIND IT HARD TO BELIEVE THAT THERE ISN'T AN EXISTING FACILITY WITH SO MUCH COMMERCIAL REAL ESTATE OUT THERE THAT CAN'T BE MODIFIED.

I'M NOT GONNA START TALKING OUTSIDE MY LEAGUE ON WHAT TYPE OF DATA FACILITY THAT THEY WERE, BUT THEY WERE SUCH A HIGH DATA FACILITY AND I KNOW THAT THEY WERE FOR BANKS, HOSPITALS, AND, UM, THEY HAD, YOU KNOW, PERSONAL INFORMATION.

IT, IT IS REALLY A, AGAIN, UM, WE WERE LUCKY TO FIND THE DATA FACILITY THAT WE'RE IN BECAUSE THEY WERE A, AND

[00:20:01]

THEY HAD THE CAPABILITIES THAT WE NEEDED WITH THE SECURITY, AGAIN, THE GENERATORS AND UPS, THE ABILITY TO, UM, TO KIND OF SEPARATE OURSELVES FROM THEM THAT IT'S JUST HARD TO GET IN A TYPICAL, YOU KNOW, CLASS A, CLASS B OFFICE SPACE WITHOUT GOING IN AND JUST SPENDING A LARGE AMOUNT OF MONEY TO DO THAT.

UM, SO AGAIN, YOU KNOW, HARDENING THE WALLS, MAKING SURE THAT THE INFRASTRUCTURE THAT YOU NEED FOR, WHEN YOU LOOK AT, SO THE FIRST FLOOR, WHEN YOU LOOK AT LIKE THE OFFICES AND ALL OF THAT, THE INFRASTRUCTURE, INFRASTRUCTURE THAT'S NEEDED THERE IS MUCH DIFFERENT THAN WHAT'S UPSTAIRS.

AND SO, YOU KNOW, IT HAS TO HAVE ITS OWN BACKUP.

IT HAS TO HAVE ITS OWN GENERATOR.

AND THEN WHEN YOU LOOK AT TRYING TO RETROFIT ALL OF THAT INTO A BUILDING THAT'S ALREADY EXISTING AND PUTTING THE BIG GENERATOR OUT THERE AND DOING IT, JUST, UM, YOU KNOW, AND THAT'S WHY WE WANTED FRIES AND NICHOLS TO LOOK AT THAT ALSO, TO MAKE SURE THAT THAT WAS STILL THE CASE FROM WHEN WE DID THIS BACK IN 2014.

AND THEY SAID IT JUST WAS NOT COST EFFECTIVE TO TRY TO RETROFIT A WHOLE THING.

SO LIKE THE CREDIT CARD PROCESSING FACILITY THAT WE HAVE HERE IN ADDISON, THEY DON'T HAVE ANY SPACE THAT WE COULD LEASE FROM THEM.

UM, THAT I CAN'T TELL YOU.

I, I DON'T KNOW IF THEY, SO WE DIDN'T LOOK AT ANYTHING LIKE THAT.

THEY DID NOT GO AND LOOK AT ANY SPECIFIC, THEY LOOKED AT THE COST TO RETROFIT A BUILDING AND SAID THE OTHER TWO WERE BETTER OPTIONS.

SO I'D LIKE TO COMMENT THAT'S, THAT'S ACTUALLY NOT A BAD IDEA.

THERE ARE OTHER DATA CENTERS AND DATA CENTERS.

I UNDERSTAND ALL THE QUALIFICATIONS THAT THEY HAVE.

I MEAN, THEY'RE ON DIFFERENT MOBILE POWER GRIDS AND STUFF LIKE THAT.

LOCATION HAS A LOT TO DO WITH IT AND DIFFERENT FEEDS FOR INTERNET AND SUCH.

UM, BUT CURRENT DATA CENTERS SUCH AS CREDIT CARD PROCESSING FACILITIES OR OTHER OUR EXISTING HARDENED FACILITIES, THAT WOULD BE A, YOU KNOW, CONVERSATIONS JUST LIKE WE PIGGYBACKED INTO CYRUS ONE FOR THAT VERY REASON.

I, I'M, I FEEL LIKE THEY PROBABLY DID EVALUATE THAT, BUT I, I CAN'T, I COULDN'T.

I'D LIKE TO KNOW.

WE, I'LL TELL YOU, WE WERE ACTUALLY LUCKY WHEN WE NEGOTIATED WITH CYRUS.

ONE WAS WHEN THINGS WERE TAKEN KIND OF A DOWNTURN ON THE DATA SIDE.

AND SO THEY HAD SPACE FOR US TO TAKE OVER SINCE THEN.

SOME HAVE DOWNSIZED.

SO, I MEAN, SO I'M NOT SAYING IT'S NOT A POSSIBILITY.

WE JUST GOT IN AT JUST THE RIGHT TIME WITH CY ONE WHERE THEY HAD, THEY TOOK OVER, UM, AN EXISTING WAREHOUSE FACILITY IN CARROLLTON.

THEY BASICALLY WENT AND RETROFITTED THE ENTIRE FACILITY AND THEN HAD WHITE SPACE LEFT OVER AND WE WERE ABLE TO, TO GO IN AND TAKE OVER THAT WHITE SPACE, WHICH WORKED OUT FOR THEM BECAUSE IT WAS EMPTY SPACE AND THEY WEREN'T ABLE TO TO LEASE THAT OUT.

THAT'S, I I REMEMBER THAT.

AND YOU'RE, YOU'RE RIGHT, DATA CENTERS ARE JUST BOOMING RIGHT NOW.

SO THAT'S ONE REASON WHY IT'S MORE EXPENSIVE.

'CAUSE THEY CAN MAKE MORE MONEY BY PUTTING THEIR OWN EQUIPMENT IN THERE TO SERVE THEIR CUSTOMERS.

AND SO THAT WOULD LIKELY BE THE SAME CONCEPT AS THE OTHER ONES.

BUT YOU KNOW, IT'S A QUESTION.

QUESTION.

AND I'LL TELL YOU, WE DID, UM, WE DID HAVE SOMEBODY RUN COSTS.

SO IF YOU LOOK AT, UM, MARKET PER SQUARE FOOT RENT FOR JUST TYPICAL OFFICE BUILDING, IT IS, UH, CLOSE TO $28 A SQUARE FOOT.

UH, OUR CURRENT LEASE RIGHT NOW.

AND THAT'S JUST FOR OFFICE FACILITY.

SO CLASS A OFFICE SPACE, YOU KNOW WHAT HE DIDN'T, THAT'S NOT LISTED ON IF IT'S CLASS A, BECAUSE THAT WOULD MAKE A DIFFERENCE TOO.

DATA CENTER AROUND THAT'S NOT, YOU KNOW, IT'S NOT A BAD IDEA FOR OTHER, JUST COMPARABLE ON THE LEASE SIDE.

SO WE CAN DEFINITELY CLARIFY THAT.

BUT, UM, BUT LOOKING AT, THEN YOU START LOOKING AT DATA CENTER AND THE OTHER ISSUE WITH DATA CENTER IS THEY DON'T DO A STRAIGHT, WE, AGAIN, WE WERE VERY LUCKY WITH CYRUS LINE THAT WE COULD GET KIND OF THE PER SQUARE FOOT RATE WITH THEM, NOT THE SAME AS WHAT THEY GET TO OTHER, YOU KNOW, DATA END USERS.

AND SO AGAIN, YOU GET INTO THAT AND THEN THE UPFRONT COST, YOU KNOW, JUST TO MOVE GENERAL FACILITIES UP TO THE SECOND FLOOR AT CYRUS, ONE WAS GONNA BE 3.4 MILLION.

AND THAT WAS JUST TO ADD ON.

AND THEN THEY WERE GOING TO INCREASE THE, UH, ANNUAL RATE SO MUCH THAT IT JUST, SO COULD WE GET SOME FEEDBACK ON EXISTING FACILITIES, UH, AT, I MEAN, EXISTING POWER PERHAPS LEASE AGREEMENT WITH A, UH, ANOTHER

[00:25:01]

LEASE FOR LEASING.

LEASING, IS THAT WHAT YOU'RE, YOU'D BE LEASING IT AND THEN YOU WOULD BE HAVING TO DO THE EXPENSIVE BUILDUP AS WELL, RIGHT? NOT AS EXPENSIVE AS, AS A NON HARDENED FACILITY.

THE OTHER THING I DON'T LOVE ABOUT THAT IS THE UNCERTAINTY OF BEING A TENANT.

RIGHT? WELL, WE WOULD HAVE TO HAVE, AND, AND YOU LOOK AT THE, LOOK AT THAT SECOND 15 YEARS OF THAT 30 YEAR SPAN.

ONCE, ONCE THAT UH, UH, BOND IS PAID OFF, UH, THAT'S, THAT'S HUGE.

AND THAT'S, THAT THAT'S WHERE WE'RE SITTING REALLY IN A NICE PLACE, LONG TERM.

RIGHT? YEAH.

LONG DEAL IN THERE.

I MEAN THAT IT WOULD BE A UNICORN DEAL, BUT IT'S, UM, IT IS WORTH THE LOOK FOR THE TAXPAYERS.

BUT WE HAVE OTHER CITIES TO TALK ABOUT ALSO.

WE'RE NOT THE ONLY ONE IN THIS PARTY, RIGHT? CORRECT.

AND OUR 17% MAKE IT OVERRULED, BUT I, BUT I WOULD HOPE THAT WE WOULD AT LEAST PASS ALONG THE MESSAGE TO, TO THE BOARD, YOU KNOW, THAT, YOU KNOW, IF, IF THERE IS THAT UNICORN OUT THERE, MAYBE THERE'S AN, SOME, A VACANT BUILDING THAT FITS A LOT OF WHAT WE CAN DO AND WE CAN GO INTO RETROFIT AND DO THAT.

YOU KNOW, AT LEAST LOOK AT THAT AND NOT HAVE BLINDERS ON COMPLETELY WHEN, AND THEN THEY'RE ONLY LOOKING AT NEW CONSTRUCTION.

THEY'LL FEEL LIKE, WE'LL, PROBABLY AT THE POINT WHERE, WHERE WE'LL END UP ANYWAY.

FORTUNATELY, YOU JUST PASS IT ON TO THE BOARD.

SO THAT'S .

I WOULD LIKE TO CLARIFY.

NOT REALLY JUST AT A VACANT BUILDING, BUT AN EXISTING OPERATING DATA CENTER OR SIMILAR HARD FACILITY.

YEAH, IT SHOULD BE EITHER, BUT THEY ALREADY MEET ALL THE REQUIREMENTS.

PROBATION AND YEAH, I'M, I'M JUST, I I, I PREFER TO NOT BE A TENTATIVE IF WE CAN AVOID THAT.

I JUST, I DON'T, I DON'T LIKE THAT SITUATION AS MUCH.

I'D JUST LIKE THE CERTAINTY OF, OF, I, I PREFER THAT.

COUNTY CAN'T HANDLE THE AMOUNT OF PEOPLE THAT ARE COMING IN.

, I DON'T KNOW WHAT'S AVAILABLE, BUT THERE MAY BE SOMETHING OUT THERE AND I THINK IT'S WORTH LOOKING.

YEAH, I, WE CAN CERTAINLY DO KIND OF A, A CURSORY LOOK, SEE WHAT'S OUT THERE, TRY TO GET SOME MORE INFORMATION, MAYBE TO ANSWER SOME QUESTIONS.

UM, WE DO HAVE, AS YOU SAW WITH THE TIMELINE, WE ARE COMING UP AGAINST SOME MM-HMM.

SOME DEADLINES, BUT I DON'T SEE A PROBLEM WITH US TRYING TO DO JUST CURSING.

WE GOT SOME MORE INFORMATION AND MAYBE IT SAYS, HEY, HERE'S ALL THE DATA CENTERS AND THE LEASE RATE AT ALL DATA CENTERS IS EXACTLY WHAT WE'RE SEEING HERE, WHICH MARK THE WAY MARKETS WORK THAT WELL COULD BE TRUE.

RIGHT.

OR IT'S LIKE THERE, HERE'S, THERE'S REALLY, WE LOOKED QUICKLY, WE DIDN'T FIND ANY DATA CENTERS THAT ARE UP FOR SALE.

SO WE CAN, WE CAN DO THAT.

THAT DOESN'T TAKE TOO MUCH EFFORT.

I ALREADY DONE, I'VE ALREADY DONE IT.

A QUICK QUESTION FROM, FROM THE, UH, FROM THE FLORIDIAN HERE.

SO ASHLEY, DAVID, AS WE DO COMPARATOR STUDIES WITH COMP, WITH COMP PLANS AND JUST OTHER THINGS, HAVE WE ALREADY DONE THIS IN PRIOR YEARS WHERE WE'VE GONE OUT AND SEEING WHAT MELISSA AND ANNA, ALL THESE TOWNS THAT ARE GROWING, ARE THEY DOING WHAT, WHAT WE DID YEARS AGO WITH THE FARMERS BRANCH IN CARROLLTON? IS THIS SOMETHING WE ALREADY KNOW? WE'VE WE'VE SURVEYED COMPARATOR CITIES AND WHAT THEY'RE, WHAT THEY'VE DONE OR, OR DOING.

I MEAN, I'LL GIVE MY, ASHLEY I'M SURE HAS A GREAT INSIGHT TOO.

I'LL JUST SAY CITIES ALL OVER ARE CONSOLIDATING DISPATCH.

WHERE I WAS, UH, IN OHIO BEFORE I GOT HERE, WE HAD CONSOLIDATED DISPATCH, BUT A LOT OF CITIES IN COLUMBUS AND DENTON, WE STARTED, WE STARTED TAKING ON CITIES IN DENTON AND WE STARTED DOING LITTLE ELEMENTS OF OTHER CITIES.

UM, DENTON COUNTY DOES A LOT OF CITIES, SO DISPATCH IS VERY COMMON TO SEE DISPATCH, UM, REGIONALIZED.

AND, AND I DIDN'T DO A GOOD JOB AT THE VERY BEGINNING OF GIVING ASHLEY SOME CREDIT, AND ASHLEY MENTIONED IT, BUT ASHLEY WAS, THIS WAS KIND OF, SHE PUT THIS ALL TOGETHER.

SHE WAS WORKING FOR CARROLLTON AT THE TIME AND WAS THE LEADER OF THIS.

SO SHE, UM, KNOWS A LOT ABOUT IT.

WELL, AND UM, AND NOT JUST BECAUSE IT IS SO NEAR AND DEAR, BUT WE REALLY DID KIND OF SET THE BAR IN THIS AREA FOR REGIONAL DISPATCH.

THERE WAS ONE OTHER IN OUR AREA, UM, AND ONE THAT STARTED WHILE WE WERE IN FORMATION THAT WERE, THEY WERE NOT A REGIONAL DISPATCH THAT WERE MORE OF A CO-LOCATED DISPATCH.

THEY DIDN'T HAVE THE DROP BOUNDARIES LIKE WE DID.

THEY DIDN'T HAVE THE, THE SAME TYPE OF MUTUAL AID OPTIONS THAT WE DID.

AND SO WE REALLY SET THAT BAR AND THEN OTHER CITIES HAVE DONE IT.

NOW, WHAT IS DIFFERENT A LITTLE BIT IN TEXAS THAN IN OTHER STATES IS WE HAVE 9 1 1 DISTRICTS.

SO SOME CITIES ARE IN 9 1 1 DISTRICTS.

AND SO IT, IT LIMITS, UM, IT MAKES IT A LITTLE BIT MORE DIFFICULT FOR US TO, YOU KNOW, TAKE ON OTHER CITIES OR CITIES TO GO WITHOUT OUTSIDE THEIR DISTRICT.

LIKE IN DENTON'S CASE, IT WAS REAL EASY FOR THEM TO TAKE ON LITTLE EL AND ALL OF THOSE, THEY'RE PART OF DENKO 9 1 1, UH, CARROLLTON WAS PART OF DECO.

THEY WERE LUCKY IN A, OKAY, I MEAN, WE STILL PRAY OVER THIS EVERY DAY.

WE HAD A LITTLE LOOPHOLE THAT THEY WERE ABLE TO GET OUT OF, OF DENKO, BUT THOSE OTHER CITIES, THEY REALLY NEED TO STAY WITHIN THAT 9 1 1 DISTRICT.

THAT'S WHERE ALL OF THEIR MONEY GOES.

SO, UM, YOU ARE, BUT YOU ARE SEEING IT, YOU'RE SEEING DENTON TAKE ON A LOT OF THE CITIES IN DENTON COUNTY.

'CAUSE DENTON

[00:30:01]

AND SO YOU'RE SEEING A LOT OF CITIES START TO, TO GO TO THAT REGIONAL APPROACH.

AND A LOT OF 'EM ARE COMING TO US, COMING TO INTECH TO SEE HOW WE'RE DO IT.

IS THERE ANY CONCERN ABOUT ANY OF THE OTHER CITIES DROPPING OUT? NO, I THINK EVERY, I MEAN, AS FAR AS I KNOW, AND I'LL LET YOU SPEAK TO THAT, DAVID.

I MEAN THIS IS, UM, WELL, I MEAN, WHEN WE LOOK AT OUR JAIL SITUATION AND WE HAVEN'T HAD THE BEST SITUATION THERE, SO I WAS WONDERING, IT'S NOT AS EASY TO GET OUT.

WE HAVE A GREAT PARTNERSHIP WITH THE OTHER THREE, THE OTHER THREE CITIES AND, UM, IN A HIGH, IN THE HYPOTHETICAL SCENARIO THAT I DO NOT SEE HAPPENING, IT WOULD BE VERY DIFFICULT FOR ANYONE TO, OKAY.

THAT'S ALL I WANTED.

HEY, KIND OF LOOK AT THE BIG PICTURE HERE.

YOU'RE RIGHT.

SEVEN B, WE ARE PULLING AND THEN ITEM SEVEN C, WE'RE GOING TO DELAY THAT UNTIL THE END OF THE MEETING.

ANY OTHER QUESTIONS FOR ASHLEY? VERY GOOD, THANK YOU.

AND THE ONLY THING I WANNA SHARE IS, IS I AGREE WITH YOU.

I LIKE THE THOUGHT OF, UH, OWNING PARTIALLY RIGHT WITH THE, WITH THE OTHER CITIES RATHER THAN LEASE.

THIS JUST FEELS MORE SOLID TO ME.

WELL, YEAH.

LONG TERM, I THINK, UH, AFTER WE'RE GONE.

BUT IT'LL, IT'LL REALIZE THE, YEAH.

HUGE SAVINGS AND THERE'S AN ACTUAL ASSET THAT YOU, THAT YOU HAVE TOO, SO.

[b. Present and discuss the Town's Sign Ordinance as it relates to Political Signage.]

WE'LL PUT THAT BACK AFTER THE END OF OUR REGULAR MEETING.

SO WE'LL GO AHEAD AND, UH, TAKE A FIVE MINUTE BREAK AND THEN WE'LL, UH, GATHER UP IN THE NEXT VERSION.

GOOD EVENING EVERYBODY.

IT IS SEVEN FIFTY NINE AND WE WILL CALL TO ORDER THE MEETING OF THE ADDISON CITY COUNCIL.

WE DO HAVE A, UH, QUORUM PRESENT, FIVE IN ATTENDANCE HERE.

AND WE HAVE TWO ONLINE VIA ZOOM.

WE HAVE, UH, COUNCIL MEMBER CIO AND DEPUTY MAYOR PRO TEM QUINTANILLA ARE REMOTE TONIGHT.

AND AT THIS TIME WE, WE ALWAYS DO, WE'D LIKE TO DO OUR, THE PLEDGES TO BOTH OUR FLAGS.

IF YOU PLEASE RISE, I PLEDGE ALLEGIANCE TO THE FLAG, THE UNITED STATES OF AMERICA.

UNITED STATES OF AMERICA, TO THE REPUBLIC FOR WHICH, REPUBLIC FOR WHICH IT STANDS UNDER GOD, UNDER GOD, INDIVISIBLE, LIBERTY AND JUSTICE FOR ALL.

JUSTICE.

FOR ALL HONOR THE TEXAS FLAG FLAG PLEDGE ALLEGIANCE TO THE TEXAS ONE INDIVISIBLE , WHAT WAS THAT? VERY GOOD.

GOOD EVENING EVERYBODY.

UH, WE'RE GOING STRAIGHT INTO ITEM NUMBER

[b. Employee Recognition.]

TWO, PROCLAMATIONS AND PRESENTATIONS, CITY MANAGER ANNOUNCEMENTS AND EMPLOYEE RECOGNITION, MR. GAINES.

THANKS MAYOR.

WE'LL START OFF WITH EMPLOYEE RECOGNITION AND I'LL ASK OUR AIRPORT DIRECTOR JOEL TO COME UP AND MAKE A INTRODUCTION.

GOOD EVENING, MAYOR AND COUNCIL.

UH, I'M PLEASED TO INTRODUCE MELISSA NEWMAN, WHO IS THE LEASING MANAGER AT ADDISON AIRPORT.

SHE STARTED AT THE AIRPORT IN MARCH OF 2002 AND BECAME CITY EMPLOYEE WITH THE REST OF US IN OCTOBER OF 2020.

MELISSA GREW UP IN AU LONG ISLAND AND WHEN SHE WAS 10 YEARS OLD, HER FAMILY MOVED TO TEXAS.

MELISSA TAKES PRIDE IN HER ROLE AS A MOTHER TO HER SON, BLAZE, WHO IS 28 YEARS OLD AND A GRADUATE OF THE UNIVERSITY OF OKLAHOMA.

UH, AFTER FIVE YEARS OF DATING, BLAZE AND HIS GIRLFRIEND TIED THE KNOT TO HIS NOW WIFE, JESSE ROBERTSON.

IN PAST OCTOBER IN AUSTIN, TEXAS, AMONG MELISSA'S PROFESSIONAL COMPLIMENTS ARE OBTAINING HER REAL ESTATE LICENSE AND EARNING HER DEGREE FROM COLIN COLLEGE.

SHE WAS ALSO RECENTLY AWARDED A PARALEGAL CERTIFICATE FROM COLIN COLLEGE.

A VERY INTERESTING ASPECT OF MELISSA'S FAMILY HISTORY INVOLVES HER FATHER, DAVID MELVILLE, WHO WAS A WORLD WAR II AIR FORCE VETERAN.

HE PILOTED THE LUCKY 13TH AIRPLANE IN THE 438 TROOP CARRIER GROUP LEADING THE INVASION ON D-DAY.

ADDITIONALLY, HE WAS THE PILOT OF THE C 47 THAT DROPPED THE PARATROOPERS WHO HAD LATER BECOME KNOWN AS THE DIRTY DOZEN, WHICH IS WOW.

COOL.

MY DAD .

UM, HAVING SPENT THREE YEARS WORKING WITH THE TOWN OF ADDISON AS THE LEASING MANAGER, SHE TRULY EXEMPLIFIES DEPARTMENTAL AND ORGANIZATIONAL VALUES.

AND WHEN ASKED ABOUT WHAT THE ADDISON WAY MEANS TO HER, SHE EMPHASIZED IT MEANS SURPASSING EXPECTATIONS, OFFERING HELP AND SUPPORT TO OTHERS, AND TREATING EVERYONE WITH RESPECT.

SO PLEASE JOIN ME IN RECOGNIZING MELISSA NEWMAN.

[00:35:04]

THANK YOU VERY MUCH.

THANK YOU, MELISSA.

NEXT ASHLEY IS GOING TO INTRODUCE OUR NEW INTERIM CITY SECRETARY, HER FIRST COUNCIL MEETING ON THE JOB.

TO ITEM NUMBER THREE, PUBLIC COMMENT.

SO I AM PLEASED TO ANNOUNCE VALENCIA GARCIA, WHO WORKS IN THE CITY MANAGER'S OFFICE AS THE CITY SECRETARY.

SHE LEFT IT ON HERE AS ASSISTANT TO THE CITY MANAGER, BUT THAT IS NO LONGER, UH, VALENCIA HAS BEEN A VALUABLE EMPLOYEE WITH THE TOWN SINCE MARCH OF 2023.

EFFECTIVE JANUARY 9TH, 2024, VALENCIA EARNED HER PROMOTION TO THE ROLE OF INTERIM CITY SECRETARY VALENCIA GREW UP IN TOPEKA, KANSAS, AND PUR PURSUED HER EDUCATION AT KANSAS STATE UNIVERSITY.

VALENCIA LOVES TO CHEER ON HER KANSAS STATE WILDCATS AND THE LAS VEGAS RAPERS.

VALENCIA IS THE FIRST COLLEGE GRADUATE IN HER FAMILY ACHIEVING BOTH A BACHELOR'S AND A MASTER'S DEGREE.

VALENCIA IS KNOWN FOR HER CARING ATTRIBUTES.

ONE OF HER PROUDEST ACHIEVEMENTS CAME WHILE WORKING FOR THE CITY OF SUGARLAND, TEXAS.

SHE WAS ABLE TO PROVIDE ASSISTANCE TO THE COMMUNITY BEFORE, DURING, AND AFTER HURRICANE HARVEY IN 2017 BY COORDINATING ASSIGNMENTS FOR ALL PUBLIC WORKS TEAMS OVER A SPAN OF 24 STRAIGHT HOURS.

IN HER FREE TIME, SHE ENJOYS WATCHING SOAP OPERAS IN BOTH ENGLISH AND SPANISH, AND IS A LOOKING TO ADOPT A DOG TO JOIN HER WITHIN THE NEXT YEAR.

VALENCIA WAS DRAWN TO APPLY TO THE TOWN OF ADDISON BY THE CHALLENGING OPPORTUNITIES IT PRESENTED.

SHE VALUES THE CLOSE-KNIT DYNAMICS OF THE TEAM AND APPRECIATES THE UNWAVERING SUPPORT FROM EVERYBODY OR EVERYONE SINCE DAY ONE.

WHEN ASKED WHAT THE ADDISON WAY MEANS TO HER, SHE EMPHASIZED THE IMPORTANCE OF ALWAYS GIVING ONE'S ABSOLUTE BEST TO SUIT HER, TO SERVE BOTH INTERNAL AND EXTERNAL CUSTOMERS AT THE HIGHEST LEVEL POSSIBLE.

PLEASE JOIN ME IN RECOGNIZING VALENCIA.

THANK YOU VALENCIA.

UH, JUST TWO

[a. City Manager's Announcements.]

ANNOUNCEMENTS TONIGHT.

THE FIRST ONE, PACKETS TO FILE FOR THE MAY, 2024 CITY COUNCIL ELECTION ARE AVAILABLE IN THE CITY SECRETARY'S OFFICE AT TOWN HALL DURING REG REGULAR BUSINESS HOURS, AND ON THE TOWN'S WEBSITE.

THE LAST DATE OF FILE IS FRIDAY, FEBRUARY 16TH AT 5:00 PM JOIN US ON THURSDAY, JANUARY 25TH, HERE AT THE CONFERENCE CENTER FOR AN ADDISON, UH, ADVANCED ADDISON COMPREHENSIVE PLAN PUBLIC WORKSHOP.

THIS MEETING IS OPEN TO EVERYONE WHO LOVES ADDISON AND SERVES AN ESSENTIAL PART OF THE COMMUNITY ENGAGEMENT PROCESS.

THERE WILL BE A BRIEF PRESENTATION FROM SIX TO SIX 30, FOLLOWED BY AN OPPORTUNITY FOR COMMUNITY INPUT AT INTERACTIVE STATIONS.

LOOK FORWARD TO SEEING EVERYONE THERE.

THAT'S ALL FROM YOU, MAYOR.

THANK YOU, DAVID.

MOVE ON

[3. Public Comment. The City Council invites citizens to address the City Council on any matter, including items on the agenda, except public hearings that are included on the agenda. Comments related to Public Hearings will be heard when the specific hearing starts. Citizen comments are limited to three (3) minutes, unless otherwise required by law. To address the Council, please fill out a City Council Appearance Card and submit it to a staff member prior to the Public Comment item on the agenda. The Council is not permitted to take any action or discuss any item not listed on the agenda. The Council may choose to place the item on a future agenda.]

THIS IS THE OPPORTUNITY FOR FOLKS IN THE PUBLIC TO ADDRESS THE COUNCIL ON ANY ITEMS THAT ARE EITHER ON THE AGENDA OR NOT ON THE AGENDA FOR UP TO THREE MINUTES.

I'VE NOT RECEIVED ANY CARDS IN ADVANCE.

IF THERE'S ANYBODY IN THE ROOM THAT WOULD LIKE TO ADDRESS THE COUNCIL, YOU CAN PLEASE COME FORWARD AND SEEING NONE.

WE WILL MOVE ON

[4. 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.]

FROM THAT AND GO ON TO ITEM NUMBER FOUR, WHICH IS THE CONSENT AGENDA.

AND ON THE CONSENT AGENDA WE HAVE ON ITEM FOUR B, THAT ITEM IS POSTPONED UNTIL A LATER MEETING.

SO IT HAS BEEN, UH, PULLED FROM THE AGENDA FOR TONIGHT FOR ON.

SO ON CONSENT, WE HAVE ITEMS FOUR A AND FOUR C.

IS THERE A MOTION? SO MOVED.

THANK YOU, DEREK.

SECOND.

THAT WAS FROM MARLON WAS THE SECOND.

THANK YOU VERY MUCH.

ANY DISCUSSION? ALL IN FAVOR? AYE.

[a. Present, discuss and consider action on a Resolution approving a sixth Amended and Restated Memorandum of Understanding (MOU) between the Town of Addison and Co- Developers AMLI Residential and Quadrant Investment Partners for the Addison Circle Area Transit Oriented Mixed-Use Development Project and authorizing the City Manager to execute the sixth Amended and Restated MOU. ]

FIVE FIVE A ITEMS FOR INDI.

FIVE ITEMS FOR INDIVIDUAL CONSIDERATION.

FIVE A PRESENT, DISCUSS AND CONSIDER ACTION ON A RESOLUTION APPROVING.

A SIXTH AMENDED AND RESTATED MEMORANDUM OF UNDERSTANDING MOU BETWEEN THE TOWN OF ADDISON AND CO-DEVELOPERS, AMIE RESIDENTIAL AND QUADRANT INVESTMENT PARTNERS FOR THE ADDISON CIRCLE AREA TRANSIT ORIENTED MIXED USE DEVELOPMENT PROJECT.

AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE SIXTH AMENDED AND RESTATED MOU, WAYNE.

ALL RIGHT.

GOOD EVENING, MR. MAYOR.

COUNSEL.

UM, SO, UH, I'M, I'D LIKE TO COME AND HAVE OUR DEVELOPERS COME PRESENT FIRST.

SO IF YOU'LL COME ON DOWN, UH, TAYLOR BOWEN OF EMILY AND CHAD COOK WITH, UH, QUADRANT INVESTMENT PROPERTIES.

YOU LIKE US HERE OR HERE? YOU, YOU CAN, YOU CAN PRESENT AT THAT PODIUM.

THAT'S FINE.

AND I'LL JUST ADD A LITTLE BIT OF CONTEXT FOR THE, THE TIMING WE'RE GONNA HEAR FROM THE CO-DEVELOPERS.

AND THEN AFTER THIS PRESENTATION, WAYNE WILL GIVE ANOTHER PRESENTATION TALKING ABOUT THE MOU ITSELF.

[00:40:01]

SO, I'M, I'M TAYLOR BOWEN, I'M WITH AMIE RESIDENTIAL 50 57 KELLER SPRINGS.

AND I JUST WANNA GIVE A, A BRIEF INTRODUCTION.

'CAUSE OBVIOUSLY WHAT WE'RE HERE TONIGHT IS TO, UH, MEET OUR, OUR SPECIAL GUEST, THE CO-DEVELOPER, UH, FOR THE TOD DEVELOPMENT.

I'M GONNA BE INTRODUCING CHAD COOK AND HIS TEAM.

UH, BUT WHAT I WANTED TO SAY TO YOU ALL FIRST IS REALLY THANK YOU.

YOU KNOW, THANK YOU FOR STICKING WITH US AND GIVING US THE TIME NECESSARY TO REALLY CONTINUE OUR PURSUIT.

UM, YOU KNOW, WE KNEW WHEN WE WERE SELECTED THAT THE MARKET WAS DIFFICULT.

THIS IS A BIG UNDERTAKING AND WHAT HAS BEEN SO CRITICAL TO US AND WHAT WE'VE COMMUNICATED TO YOU FROM THE DAY WE WERE SELECTED IS THE FACT THAT THIS IS A ONCE IN A GENERATION OPPORTUNITY AND WE ABSOLUTELY HAVE TO PRODUCE, YOU KNOW, THE QUALITY AND WHAT THE TOWN DESERVES WITH THIS DEVELOPMENT.

SO THAT BEING SAID, YOU KNOW, WHAT YOU'RE GONNA SEE TONIGHT IS THE FACT THAT WHEN WE STARTED THIS PROCESS, WE SAID WE WERE GONNA HAVE A MAJOR INVESTMENT OF OVER 340 MILLION.

YOU KNOW, TODAY THAT PROBABLY IS CLOSER TO 370 MILLION.

WE STILL HAVE 160,000 SQUARE FEET OF OFFICE, 35,000 FEET OF RETAIL, OVER 680 APARTMENT UNITS, AND 1700 PARKING SPACES.

THAT IS THE EXACT PLAN THAT WE ORIGINALLY, YOU KNOW, WERE APPROVED WITH.

AND I ALSO WANT TO NOTE, YOU KNOW, SINCE WE WERE APPROVED BACK IN APRIL OF 22, THAT WE'VE REALLY ACCOMPLISHED A LOT.

AND FIRST AND FOREMOST WAS THE PLANNING EFFORTS THAT WERE INVOLVED.

AND I CAN'T THANK STAFF ENOUGH FOR WHAT THEY DID.

YOU KNOW, WE GOT THE MASTER STREETSCAPE PLAN DONE.

UH, WE FINISHED THE SPECIAL STUDIES TRAFFIC IMPACT ANALYSIS, INFRASTRUCTURE PLANS AND REVISIONS, WHICH WAS KEY TO THE AIRPORT NOISE OVERLAY.

AND THOSE ARE ALL OF OUR FUNDAMENTAL THINGS TO MAKE OUR DEVELOPMENT BETTER.

UH, WE RECEIVED PLANNING AND ZONING APPROVAL IN JANA 23.

UH, WE WILL BE GOING BACK TO PNZ HERE IN THE NEXT COUPLE MONTHS TO AMEND OUR SITE PLAN.

THAT'S CRITICAL AS YOU'RE THINKING ABOUT THE DATES GOING FORWARD.

AND WE ALSO RECEIVED THE QUORUM NORTH, UH, LAND USE APPROVAL.

IT'S A SMALL DETAIL, BUT IT'S JUST SOMETHING THAT WE'RE ONE SIGNATURE AWAY ON FROM HAVING.

SO I DIDN'T WANT YOU TO THINK FOR A SECOND THAT WE'VE JUST BEEN RESTING ON OUR LAURELS.

WE HAVE BEEN TRYING TO PUSH THIS ALONG.

AND SINCE SEPTEMBER, YOU KNOW, WE'VE BEEN IN COUNTLESS MEETINGS WITH OFFICE DEVELOPERS TRYING TO FIND THE BEST IN CLASS THE, THE GROUP THAT COULD REALLY DELIVER ON THIS VISION.

AND WE REALLY THINK WE FOUND THEM IN, UH, QUADRANT AND CHAD COOK'S GROUP.

SO I'D LIKE TO TURN IT OVER TO HIM AND HAVE HIM GIVE YOU A BRIEF INTRODUCTION ON HIS FIRM AND THEIR DEVELOPMENT EXPERTISE AND WHY WE THINK THEY'RE SUCH A GOOD FIT FOR THIS VERY, VERY CRITICALLY IMPORTANT DEVELOPMENT FOR ADDISON.

THANK YOU, TAYLOR.

I THOUGHT FOR A SECOND YOU'RE GONNA SAY YOU LOOK FOR THE BEST IN CLASS AND YOU COULDN'T FIND THEM, BUT THEN YOU FOUND US SORT OF AS AN ALTERNATE, SO THAT'S GOOD.

UM, I'M CHAD COOK.

I'M THE FOUNDER OF QUADRANT INVESTMENT PROPERTIES, AND WE HAVE A SHORT PRESENTATION TO HOPEFULLY, IF THIS WILL WORK, HELP GO THROUGH, UM, I GUESS SORT OF OUR NEWER TAKE ON THIS PROJECT.

WE'D LIKE TO, UH, INTRODUCE OUR TEAMING.

JUST GIVE A LITTLE BIT OF HISTORY, UH, ON QIP, OUR COMPANY.

I APOLOGIZE IN ADVANCE.

I'M COMING OFF A LITTLE COLD, SO HOPEFULLY YOU CAN HEAR ME.

AND, AND UNDER ALL THOSE HEADLINES, IT'S USUALLY ABOUT THIS NEWER CLASS OF OFFICE ACTUALLY OUTPERFORMING.

UM, LET'S SEE HERE.

SO OUR PROJECT TEAM, UH, TWO OF OUR LEADERS ARE HERE.

COLIN MOORE, WHO RUNS OUR ACQUISITIONS AND CAPITAL MARKETS.

AND BRIAN ERMAN WHO OVERSEES ALL OF OUR DEVELOPMENT.

I'LL SPEAK A LITTLE BIT MORE TO THIS LATER, BUT, UM, WE'RE REALLY, UH, WE JUST, WE COULDN'T THANK YOU GUYS ENOUGH.

TAYLOR AND, UH, AM LEE, WE'RE EXTREMELY EXCITED TO BE GETTING INVOLVED IN THIS PROJECT.

UM, UH, WE'LL SORT OF SPEAK A LITTLE MORE TO THAT, BUT, SO YOU GUYS CAN READ THROUGH ALL THIS, UH, SORT OF LATER.

I GUESS THE HIGH POINTS ARE I FOUNDED QIP IN 2012.

THAT WAS AFTER EIGHT YEARS WITH HILLWOOD INVESTMENT PROPERTIES WITH THE PRO FAMILY.

UM, OUR FIRST PROJECT WAS ACTUALLY IN ADDISON.

IT WAS THE PARKSIDE CORPORATE CENTER.

UH, WE BOUGHT IN 2012, STILL OUR BEST RETURN TO DATE, BY THE WAY.

UM, WE CARVED OUT A NICHE IN SORT OF EARLY DAYS OF SMALLER BOUTIQUE OFFICE, AND VERY EARLY, REALLY IN 2012, DISCOVERED WHAT SORT OF IS COINED AS CREATIVE OFFICE.

WE SAW THAT AS A NICHE THAT WASN'T BEING FILLED IN DALLAS, VERY SORT OF WEST COAST DRIVEN IN THAT PHILOSOPHY, BUT REALLY ABOUT CREATING COMMUNITY SPACE WHERE YOU CAN BRING YOUR AT TENANTS TOGETHER.

AND ESSENTIALLY, WE BELIEVE THIS IS SORT OF THE WAY OF THE FUTURE FOR OFFICE.

WE KNOW THERE ARE A LOT OF SORT OF NEGATIVE HEADLINES, BUT IF YOU READ, I ALWAYS LIKE TO SAY, IF YOU READ THAT LAST PARAGRAPH

[00:45:01]

UM, AND WE KNOW, UM, THE SEA STAFF UNDERSTANDS THAT FROM CONVERSATIONS WE'VE HAD.

UM, SO WE'VE INVESTED ALMOST A BILLION DOLLARS IN CAPITAL IN THE PROJECT SINCE INCEPTION.

THAT'S A 15 PROJECTS, UM, ABOUT TWO AND A HALF MILLION SQUARE FEET REDEVELOPED OR DEVELOPED.

UH, WE'VE GOT ANOTHER 500,000 SQUARE FEET IN DESIGN.

UM, AND AGAIN, WE CAN GO BACK THROUGH THIS IN MORE DETAIL LATER THE SERVICES WE OFFER, BUT I JUST WANTED TO EMPHASIZE, UH, THE NICHE WE SAW IN WHEN I STARTED QIP WAS THAT OFFICE REALLY HASN'T CHANGED, UH, IN LIKE THE LAST 50 YEARS.

SO WE SAW THIS OPPORTUNITY TO REALLY AGGRESSIVELY ATTACK HOW IT WAS DESIGNED, HOW IT'S LEASED, AND HOW IT'S MANAGED.

YOU STILL NEED INSTITUTIONAL QUALITIES TO THAT, BUT, UM, AND IT'S TAKEN ME A WHILE, BUT WE'VE BUILT A WHOLE TEAM AROUND THIS PHILOSOPHY AND WE'LL BE REALLY EXCITED TO SHOW YOU GUYS A LITTLE BIT MORE ABOUT, UM, WHAT WE HAVE PLANNED.

SO WE HAVE SOME PROJECTS THAT ARE SORT OF REPRESENTATIVE, WE THOUGHT I'LL TRY TO HIT THESE HIGH LEVEL.

I KNOW IT'S GETTING LATE, BUT, UM, WE ZEROED IN ON REALLY THREE OF THEM.

ONE OF THEM WAS, UH, THE RUM.

THIS IS IN UPTOWN DALLAS.

IT'S A FULL CITY BLOCK, $27 MILLION RENOVATION.

IT WAS A TOTAL MESS WHEN WE BOUGHT IT.

UM, WE SUCCESSFULLY, UH, RELEASED THE PROJECT, SIGNIFICANTLY INCREASED RENTS.

WE BROUGHT IN, UH, A COMPLETELY NEW, UH, TENANT ROSTER AND REALLY DISCOVERED, UH, WITH THIS PROJECT, UH, SORT OF THE ART OF CREATING THAT COMMUNITY AND SORT OF CREATING ABOVE AND BEYOND AMENITIES.

EVERYONE SORT OF HAS THESE CHECK THE BOX AMENITIES THAT THEY NEED, BUT WE DISCOVERED IF WE COULD SORT OF DELIVER THESE TO THE NEXT LEVEL, THEN WE COULD FIND THE KIND OF TENANTS THAT ARE FOCUSED ON HIRING AND RETENTION.

AND WE FOUND THOSE ARE STICKIER, SORT OF BETTER LONG-TERM TENANTS.

UM, SO THAT'S THE SYNDROME.

THESE ARE SOME BEFORE AND AFTER NEXT TO EACH OTHER.

SO, UH, THAT WAS DEFINITELY, UH, A BIG ONE FOR US.

UH, THE NEXT TWO ARE GROUND UP DEVELOPMENTS.

THESE ARE BOTH JUST COMPLETING, THEY'RE BOTH IN THE DESIGN DISTRICT.

UH, THIS ONE IS CALLED 1333.

IT'S 125,000 SQUARE FEET, 10 STORIES.

UM, UH, FOR THIS PROJECT, UH, WE'RE REALLY, REALLY LEANED IN ON OUR AMENITIES.

AND FRANKLY, BRIAN'S A HOSPITALITY BACKGROUND.

UH, WE USE VENDORS THAT ARE USED TO WORKING ON OBERT HOTELS TO COME IN AND HELP US WITH OUR F, F AND E IN CERTAIN MATERIALS.

WE OBVIOUSLY HAVE TO WATCH OUR BUDGET.

BUT, UH, AS YOU CAN SORT OF SEE IN SOME OF THESE IMAGES, UNFORTUNATELY, UM, YOU CAN'T TELL AS WELL FROM THESE.

BUT, UH, YEAH, THANK YOU.

BUT, UH, IT'S PRETTY SHOCKING AND THE VIEWS HELP A LOT TOO.

BUT, UH, REALLY, REALLY PROUD OF HOW THAT'S TURNED OUT.

AND WE'RE GETTING A REALLY STRONG REACTION FROM THE MARKET.

AND THIS DOES INCLUDE ONE RESTAURANT ON THE GROUND FLOOR.

UM, AND THAT IS 1333.

OH, SORRY.

IT ALSO INCLUDES A FITNESS CENTER OR THE COLD PLUNGE AND A PICKLEBALL COURT.

SO WE DON'T EVER ADVERTISE THOSE THINGS, BUT WE'RE LOOKING FOR WAYS TO CONSTANTLY WORK THESE AMENITIES IN SO WE CAN PROVIDE A BETTER ATMOSPHERE FOR OUR ATTENDANCE.

UH, AND THEN RIVER EDGE.

RIVER EDGE IS SLIGHTLY MORE APPLICABLE, AS YOU'LL SEE WITH THE DESIGN THAT WE HAVE IN MIND.

IT'S STILL EARLY PHASE, BUT THIS IS FIVE STORIES THAT SITS NEXT TO THE PARKING.

IT'S 145,000 SQUARE FEET.

OUR FOCUS HERE WAS REALLY, UH, THE USE OF NATURAL MATERIALS AND A MORE SORT OF NATURAL LOOK TO THE BUILDING THAT INCLUDES ALL REAL GUPA WOOD.

YOU CAN SEE IN SEVERAL SECTIONS ANYWHERE THAT WE HAD OUTDOOR SPACE.

UM, WE FOCUSED ON CREATING, UH, MORE OUTDOOR SPACE INTEGRATED IN EACH, UM, SUITE.

SO AS YOU CAN KIND OF SEE IN THE PICTURE ON THE UPPER LEFT, WE HAVE PRIVATE BALCONIES.

WE'VE INTEGRATED INTO EACH LEASEABLE SUITE.

UM, AND WE ACTUALLY MADE THEM OF SCALE SO THEY COULD BE PROGRAMMED AS PART OF THAT FLEXIBILITY THAT WE KNOW TODAY'S S ARE LOOKING FOR.

THIS WILL HAVE UP TO THREE RESTAURANT SPACES, UM, AND, UH, VERY SORT OF COMFORT DRIVEN ON OUR DESIGN, UH, TENANT AMENITY SPACE.

THAT'S INDOOR OUTDOOR ON OUR SECOND FLOOR.

YOU CAN SEE SOME PICTURES OF THAT ON THE UPPER RIGHT AND THE LOWER RIGHT IN THE MIDDLE OF OUR CONFERENCE ROOM.

SO HOPEFULLY WHAT'S APPARENT FROM THIS IS REALLY OUR SORT OF HOSPITALITY FOCUS WITH ALL OF THIS.

AND, UM, I THINK FROM THERE, UH, WE THOUGHT WE COULD TURN IT OVER IF THERE ARE ANY QUESTIONS ON US.

AND LET, UH, BRIAN TALK A LITTLE BIT ABOUT THE NEW LAYOUT AND DESIGN THAT WE'RE WORKING TOWARDS.

UH, ARE THERE ANY QUESTIONS FROM ANYONE? PERFECT.

THERE YOU GO.

[00:50:01]

AGAIN.

BRIAN DERMAN, DIRECTOR OF DEVELOPMENT QUADRANT INVESTMENT PROPERTIES.

UH, ON THE, ON THE SCREEN NOW HERE YOU'RE SEEING IS THE ORIGINAL, UH, SITE PLAN FOR THE PREVIOUS MOU.

UH, WE GOT PRESENTED THIS PLAN, WHICH WE WERE REALLY EXCITED TO BE PART OF AND EVALUATE.

UM, ON THE NEXT SLIDE YOU'LL SEE SOME, SOME VARIATIONS OF WHAT WE HAD THERE, WHICH FROM WEST TO EAST HERE, WE KIND OF A LITTLE BIT WITH FRESH EYES COMING IN THIS, IT FELT LIKE IT WAS A LITTLE BIT SILOED AND WE WANTED TO REALLY GET A HORIZONTAL GAME PLAN TOGETHER.

IT REALLY CONNECTS FROM THE GARAGE TO THE MULTIFAMILY TO REALLY BLEND.

UM, SO ON THE NEXT SLIDE, YOU'LL SEE AS TAYLOR ALLUDED TO VERY SIMILAR METRICS, BUT REPOSITIONED, UH, THE OFFICE TO FACE THE PARK, WHICH WE REALLY FEEL LIKE WILL IMPROVE THE VIEWS OF THE PARK FOR ALL THE OFFICE, UH, AS WELL AS THE AIRPORT, UH, WHILE STILL HAVING GOOD CONNECTIVITY TO THE PARK AND THE RAIL TO THE SOUTH.

UM, THIS ALSO DOES REALLY PUT, YOU KNOW, RIGHT SIZE THE RETAIL, UH, AS WE FIELD AND PROVIDE SOME SOLUTIONS TO PARKING AND TEASER PARKING THAT WILL REALLY HELP, UH, LOCAL OPERATORS BE ABLE TO LEASE UP THE SPACE A LITTLE BIT MORE EFFICIENTLY THAN THE PREVIOUS PLAN.

AND JUST REALLY PROVIDES GOOD FLOW, UM, BETWEEN THE THREE BUILDINGS, I GUESS I WOULD CALL IT, BETWEEN THE PARKING, RETAIL AND MULTIFAMILY.

UM, OTHER THAN THAT, IT'S, UM, WE JUST REALLY FEEL LIKE THIS IS GONNA HAVE A LOT MORE GRAVITY TO IT AND BE A REAL JEWEL, UH, TO THE PARK AND, AND REALLY CREATE GREAT FLOW, UM, UM, FOR THE PROJECT.

THIS IS THE GROUND FLOOR PLAN OF THE OFFICE THAT WE'RE, WE'RE, UH, REALLY EXCITED ABOUT.

AGAIN, PREVIOUS PLAN HAD A DISCONNECTED GARAGE.

NOW WE'RE CONNECTED.

THIS REALLY WILL HELP WITH LEASING.

UH, AND AGAIN, THOSE VIEWS OF THE PARK AND THE AIRPORT WILL REALLY BE IMPROVED THERE.

SO OVERALL, WE FEEL LIKE THIS IS, WE'RE JUST REALLY EXCITED ABOUT HOW THIS IS SHAKING OUT.

AND, UM, IF THERE'S ANY QUESTIONS, I'M HAPPY TO ANSWER 'EM.

THERE'S FEW CONCEPTUAL, OH YEAH, WE CAN GO THROUGH THOSE.

WE'LL SKIP OVER THIS.

BUT AGAIN, HERE'S SOME, SOME INSPIRATIONAL IMAGERY.

LIKE WE HAD ONE QUESTION OVER HERE.

JUMP IN HERE REAL QUICK.

AND IT'S A QUESTION FOR THE CITY MANAGER, UM, IN OUR AGENDA, THE, THE, THERE WAS A TOWN, UH, PRESENTATION AND THEN THE DEVELOPER PRESENTATION.

UH, ARE WE GONNA HAVE KEN OR SOMEBODY FROM THE TOWN COME UP AFTERWARDS? 'CAUSE I'VE GOT SOME, MAYBE SOME DEVELOPMENT QUESTIONS.

UH, SO AFTER, AFTER THIS PRESENTATION TO THE DEVELOPERS, WAYNE WILL GIVE A, A PRESENTATION ON THE NEXT PRESENTATION, REALLY TALK ABOUT THE MOU AND EVERYTHING ASSOCIATED.

AND THAT'S CERTAINLY A TIME FOR ANY QUESTIONS FROM WAYNE OR ANY OTHER STAFF ON KIND OF BROADLY.

YEP.

I'LL JUST SAVE THEM FOR THAT.

THANKS.

WE REALLY FEEL GOOD ABOUT HOW THE RETAIL'S GONNA BE LAID OUT WITH THE TEASER PARKING, CONCEALING BACK A HOUSE.

SO HERE, UH, AGAIN, HERE'S SOME INSPIRATIONAL IMAGERY WE HAD PUT TOGETHER.

A LOT OF IT'S BASED ON, ON RIVER EDGE HERE, AND THAT'S ACTUALLY A PICTURE OF RIVER EDGE TO THE RIGHT.

AGAIN, OUTDOOR AREAS OF MANY WALKABLE, UM, SPACES THAT, THAT ARE REALLY UNIQUE IS WHAT WE'RE FOCUSED ON.

AND AGAIN, THE HOSPITALITY, UM, INFLUENCE IS HEAVY.

UM, HERE YOU CAN SEE THE FACADE THAT WE'RE CONSIDERING.

UM, AND STRUCTURE, AGAIN, SOMETHING THAT'S UNIQUE AND SPECIAL TO ADDISON IS WHAT WE'RE LOOKING TO PROVIDE.

AND THEN WITH THE RETAIL, AGAIN, GETTING AN ECLECTIC MIX, UM, THAT REALLY FITS, FITS THE VIBE BETWEEN THE MULTI-FAMILY AND THE OFFICE IS IMPORTANT.

SO WE'LL CONTINUE TO STUDY THIS, MAKE SURE WE HAVE THE RIGHT MIX.

BUT YOU CAN SEE THESE ARE SUCCESSFUL, UH, PROJECTS THAT ARE LOCAL THAT, UM, THAT WE HAVE A LOT OF SIMILARITIES THAT WE'D LIKE TO EMULATE.

AND AGAIN, YOU CAN SEE THE, THE INFLUENCE THERE OF, OF LANDSCAPE AND, AND GREENERY.

YOU'LL SEE A LOT OF THAT THROUGHOUT ALL OF OUR PROJECTS.

WE ARE VERY, UH, A LOT OF DEVELOP OR A LOT OF, UH, LANDSCAPE ARCHITECTS REALLY DO LOVE US BECAUSE WE, WE REALLY FOCUS ON THE LANDSCAPE.

WE THINK THAT THAT ADDS VALUE TO THE PROJECT AND, UM, IT IS SOMETIMES OVERLOOKED.

HERE'S SOME GARAGE, UH, INSPIRATION AGAIN, TRYING TO HAVE THAT GARDEN FEEL, UM, AND VERTICAL GREENERY THAT REALLY HELPS SOFTEN.

UM, UH, YOU KNOW, WHAT IS A STEREOTYPICAL GARAGE? AND WE ALL KNOW THEY'RE SOMEWHAT UNSIGHTLY AT TIMES, BUT, UH, WE WANNA DO SOMETHING THAT'S VERY UNIQUE HERE WITH, WITH THE GARAGE.

AND YOU CAN SEE THAT TRANSPIRING THROUGH HERE.

AND THEN HERE'S SOME BLOCKING PLANS THAT, UM, YOU CAN SEE AGAIN THE, THE FUTURE RETAIL OUT TO THE, UH, INTO THE, UH, PARK AND THE, UH, UH, THE REST OF THE RETAIL THERE IN KIND OF THE ORANGE, UH, HUES.

AND THEN THE, UH, THE OFFICE AND, UH, GARAGE CONNECTED THERE.

YOU SEE A GOOD PLANE TO THE PARK AND THE RAIL.

[00:55:05]

IT'S REALLY GONNA HAVE A GOOD FLOW COMPARED TO THE PREVIOUS VERSION AS, AS, AS WE FEEL AND THE LAST VIEW.

ALL RIGHT.

ANYTHING ELSE? UH, BRIAN, I'VE GOT A QUESTION FOR YOU ON THE, UH, YOU HAD A SLIDE THAT WAS SHOWING THE RETAIL FLOWING INTO THE PARK AND ON THE, THE, THE TWO, UH, BUILDINGS IN, IN THE PARK.

UM, CAN YOU SHARE SOME COLOR OF WHAT, WHAT, WHAT KIND OF RETAIL MIGHT MIGHT GO IN THERE? I KNOW I'M NOT GONNA HOLD YOU TO IT, BUT I'M JUST TRYING TO GET SOME COLOR.

IS THAT A, THE TWO RESTAURANTS OR A MIXTURE, WHAT MIGHT THAT LOOK LIKE? YOU'RE SPECIFICALLY REFERRING TO THE ONES THAT ARE LOCATED ON THE PARK, CORRECT? YES SIR.

THAT'S STILL A LITTLE BIT TBD AND DETERMINED, BUT YEAH, THEY'RE CONSIDERED GONNA BE FUTURE JEWEL BOXES THAT, UM, YOU KNOW, IDEALLY WE'D LIKE PROBABLY TO HAVE A PRESTIGIOUS LOCAL OPERATOR COME IN, UM, IF IT WAS UP TO US.

BUT WE KNOW THAT THAT'S STILL A LITTLE BIT OF A, A FUTURE PHASE.

SO, UM, YOU KNOW, I CAN'T ANSWER ANSWER THAT QUESTION WITH A SOLID ANSWER TODAY, BUT OBVIOUSLY WE WANT AN ELEVATED OPERATOR IN THOSE SPACES.

THANK YOU DARREN.

UM, SO ON THAT RENDERING, UH, YOUR OFFICE AND, AND, UH, PARKING STRUCTURE LOOKS REALLY GOOD, BUT I'D LIKE TO POINT OUT THAT THE, UH, THE, UH, MULTIFAMILY BUILDING'S GONNA HAVE A LITTLE MORE, UH, PERSONALITY THAN LOOKING LIKE A DATA CENTER.

JUST TO POINT THAT OUT TO EVERYBODY ELSE, I'M SURE, UH, TAYLOR WILL COVER THAT.

WE DID TAKE A TOUR, A COUPLE OF GROUPS FROM COUNCIL OVER TO QIP WITH CHAD.

THAT WAS, UM, WAS WONDERFUL TO SEE THAT IF YOU COULD HAVE HELD OFF ON THE RAIN IT WOULD BE BETTER, BUT THAT'S GOOD FOR THE, UH, THE LANDSCAPING.

THAT BUILDING WAS REALLY NICE.

UH, WHAT'S THE RIVER EDGE NAME OF THAT BUILDING? IT WAS REALLY GOOD.

AND THAT IS A, UM, A REALLY FITTING TYPE OF ARCHITECTURE AND STRUCTURE TO ADDISON.

'CAUSE IT IS DIFFERENT AND IT'S BETTER.

UH, SO, UM, ALL OF THIS LOOKS GOOD SO FAR.

BRIAN LEADS OUR CONSTRUCTION MANAGEMENT.

I'VE GOT A QUESTION FOR EITHER CHAD OR BRIAN, EITHER ONE.

UH, AND I, YOU, YOU ALL MIGHT'VE ANSWERED THIS QUESTION BEFORE, BUT I'M, I'M PROBABLY FORGETTING.

ONCE YOU ALL FINISH DEVELOPING A PROJECT, DO YOU ALL CONTINUE TO OPERATE IT AND MANAGE IT FROM THAT POINT OR DO YOU HAND THAT OFF TO SOMEBODY ELSE? IT DEPENDS ON HOW WE'RE CAPITALIZED.

UH, OFTENTIMES YOU'LL HAVE A CAPITAL PARTNER THAT'S REALLY THERE FOR THE CONSTRUCTION AND THEN YOU'LL BRING IN AND RECAPITALIZE WITH A LONG-TERM PARTNER.

FOR A PROJECT LIKE THIS, OUR GOAL WOULD BE TO EITHER CAPITALIZE THIS WITH THE LONG-TERM PARTNER FROM THE BEGINNING OR TO HAVE A CLEAR UNDERSTANDING OF THAT PARTNER THAT WE WOULD BRING SOMEONE IN WHERE WE WOULD WANNA HOLD IT LONG-TERM.

SO IF WE RECAPITALIZE, THE NEW PARTNER WOULD TAKE OUT THE OLD PARTNER AND WE WOULD STAY ON.

UH, WE'RE WORKING RIGHT NOW, WE'RE BUILDING A WHOLE SERVICES GROUP OUT THAT WE DIDN'T HAVE BEFORE BRINGING ALL THIRD PARTY PROPERTY MANAGEMENT IN HOUSE.

SO THAT'S A BIG PART OF THAT GOAL AND WHAT WE'RE DOING IN THE DESIGN DISTRICT WHERE WE HAVE A LONGER TERM HOLD TO THOSE, UH, PROJECTS.

SO THAT'S A LONG WAY OF SAYING WE DON'T COMPLETELY CONTROL OUR DESTINY, BUT IT'S PARAMOUNT IN WHOEVER WE ENGAGE WITH TO COME IN, UH, THAT THAT WILL BE WHAT WE CAN EXECUTE.

GREAT.

I MEAN, WE'VE GOT TWO MORE OF THESE TO BUILD LATER, SO WE WANNA MAKE SURE WE KEEP THE BASE RIGHT NOW FOR SURE.

THANKS FOR THE ANSWER.

MARLON, DID YOU HAVE SOMETHING ELSE? UH, NO.

I CAN WAIT.

THANKS.

LAST TIME WE CAME TO COUNCIL, UH, IT WAS ANNOUNCED THAT IN 2023, THAT STREAM THE OTHER CO-DEVELOPER HAD WITHDRAWN FROM THE PROJECT.

ANYBODY ELSE? OKAY, WHERE ARE WE GOING FROM HERE? ALRIGHT, THANK YOU CHAD TAYLOR, BRIAN, UH, WE WILL MOVE ON TO THE SECOND PORTION OF OUR PRESENTATION.

THIS IS GONNA BE MORE FOCUSED ON THE MOU AND, AND THOSE DEAL TERMS. SO IN APRIL OF 22, A LITTLE A LITTLE HISTORY FOR EVERYONE.

THE TOWN ENTERED INTO THAT INITIAL MOU WITH, UH, OLY RESIDENTIAL AND STREAM, UH, BOTH AS CO-DEVELOPERS AT THE TOD ALONG THE ADDISON SILVER LINE.

UH, THE PURPOSE OF THE MOU IS TO REALLY ADDRESS PUBLIC INCENTIVES, DEVELOPMENT AGREEMENTS, AND, UH, MINIMAL DEVELOPMENT STANDARDS.

UH, SUBSEQUENTLY THERE WERE FOUR, UH, AMENDMENTS TO THAT ORIGINAL MOU, UM, YOU KNOW, MAINLY, UH, REFINEMENTS TO THE, TO THE PROJECT DESIGN, BUT ALSO THERE WERE A LOT OF, UH, MARKET FACTORS, UH, IN THE TIME BEING, UH, RELATED TO INTEREST RATES AND, AND FINANCING COSTS, OR TO CONSTRUCTION AND FINANCING COSTS.

UM, AND THEN, AND

[01:00:01]

AND, UH, THE COUNCIL APPROVED A FIFTH MOU IN WHICH WE EXTENDED THAT MOU IN ORDER FOR THE TOWN AND OLEY TO GO OUT AND FIND A NEW CO-DEVELOPER, WHICH YOU'VE JUST MET THIS EVENING.

UH, QIP.

SO QIP AS, AS I SAID, THEY'RE, UM, THE NEW OFFICE DEVELOP, UH, DEVELOPMENT PARTNER.

THEY'RE A DALLAS BASED FIRM, AND THEY HAVE SEVERAL PROJECTS, UH, THROUGHOUT DALLAS AND, UH, AT THE TIME IN THE DALLAS DESIGN DISTRICT, WHICH ARE THE TWO, UH, PROJECTS THAT THEY SPOKE ABOUT.

UM, SO PHASE ONE IN THE MOU IS GONNA BE A SIX STORY, UH, 160,000 SQUARE FOOT CLASS A OFFICE BUILDING.

UM, THEY DIDN'T MENTION IT, BUT THAT IS, UH, MASS TIMBER, WHICH IS THE THING THAT EXCITED ME MOST.

AND YOU COULD KIND OF SEE THAT IN THOSE, UH, IN THOSE PICTURES.

UH, WE'RE ANTICIPATING ABOUT 3000 SQUARE FEET OF RETAIL RESTAURANT SPACE ON THE BOTTOM.

AND THEN, UH, THE PARKING STRUCTURE TO BE 650 SPACES, UM, IN THE, IN THE RETAIL RESTAURANT ENTERTAINMENT NODE.

UM, AS YOU LIKE TO, UH, AS WE'RE CALLING IT THERE, THERE'S GONNA BE A MIXTURE OF INDOOR AND OUTDOOR, UH, DINING OPTIONS THERE.

AND THEN OF COURSE, UH, IN PHASE ONE, UH, LEYS GONNA HAVE TWO MULTI-FAMILY BUILDINGS.

ONE, A HIGH-RISE OR A TOWER.

AND THEN, UH, A MID-RISE WITH THE, UH, HIGH-RISE HAVING 270 UNITS AND A, THE MID-RISE WITH 412.

AND THEN THERE'S GONNA BE ADDITIONAL, UH, RETAIL OPPORTUNITIES IN BOTH OF THOSE STRUCTURES.

10,000 SQUARE FOOT IN THE HIGH RISE IN 5,000 IN THE, UH, PODIUM OR MID-RISE.

UM, THE, THE, UH, MOU DOES GO ON, UH, TO MENTION THE SUBSEQUENT PHASES.

UH, THESE ARE OPTIONS TO, TO DEVELOP FOR THE CO-DEVELOPERS.

UH, CURRENTLY IN THE MOU, WE HAVE THAT AS A SIX STORY, 150,000 SQUARE FOOT CLASS, A OFFICE BUILDING, UH, MORE STRUCTURED PARKING, UM, AND THEN ALSO A STRUCTURE FOR, UH, THE DART PLATFORM TO KIND OF GET GOOD ACCESS THERE.

AND THEN THE FINAL PHASE WOULD BE 120 ROOM BOUTIQUE HOTEL.

SO YOU'VE SEEN THIS, UH, RENDERING BEFORE.

AND THEN, UH, THIS AREA WILL, WILL REALLY KIND OF LAY INTO WHAT EXACTLY THOSE CHANGES WERE FOR THE, FROM THE, UH, FIFTH MOU.

SO, AS BRIAN TALKED ABOUT, UM, ONE CHANGE THAT'S REALLY GONNA HAVE TO GO BACK TO PD ZONING IS THE, UH, LAYOUT OF THAT ENTERTAINMENT RETAIL NODE.

THE OFFICE BUILDING HAS MOVED FROM, UH, A NORTH SOUTH ORIENTATION TO AN EAST WEST.

UM, AND THEN THE, THE PARKING SPACES THAT WERE, UH, OVER IN THE, UH, TOWER BUILDING ARE NOW BEING MOVED BACK OVER TO THE OFFICE BUILDING, WHICH IS WHERE WE GET THAT 650 NUMBER.

UM, AND THEN WITH THE, WITH THE TOWER THAT THE, THAT TOWER WILL ONLY BE REQUIRED TO HAVE 50 SPACES TO SERVICE THE RETAIL, UH, IN THERE.

AND THEN, UM, THE TRASH AND SERVICE AND ALL THAT WILL STILL BE TUCKED UNDERNEATH.

SO THE, THE BIG CHANGE HERE THAT WE'RE LOOKING AT IS IN THE PRIOR MOUS, THE, THE, THE BIG INCENTIVE THAT THE TOWN WAS OFFERING TO THE OFFICE DEVELOPER WAS A, A MASTER LEASE.

AND SO THE IDEA WAS THAT THE TOWN WOULD, WOULD GUARANTEE THE, THE LEASE, UH, OF THAT OFFICE BUILDING FOR A SPECIFIED TIME AND THE TOWN'S LIABILITY WAS, UH, ABOUT $8.6 MILLION.

SO WHAT WE'VE RENEGOTIATED IS WE'RE TAKING THAT, THAT MONEY THAT WAS DEDICATED TO THE LEASE AND THE TOWN IS INSTEAD GOING TO FINANCE AND OWN THE PARKING STRUCTURE IN THE OFFICE BUILDING.

AND TO DO THAT, THE TOWN IS GOING TO ISSUE ABOUT $15 MILLION IN BONDS.

AND, UM, THE OFFICE TENANTS ARE, WILL, WILL HAVE THE OPTION, UH, THEY'LL HAVE, BE ABLE TO PARK IN THERE FREELY, AND THERE'LL BE SOME OPPORTUNITIES TO RESERVE SPACE FOR THAT.

BUT THAT PARKING GARAGE WILL BE OPEN TO THE PUBLIC, UH, FOR THE RETAIL ON NIGHTS AND WEEKENDS.

UM, OTHER CHANGE GOING BACK IS THAT IN THE PRIOR MOU, UH, THE RETAIL PARKING, AS I MENTIONED BEFORE, WAS IN, WAS IN THE TOWER.

UH, THE TOWN WAS GONNA ISSUE 3.4 MILLION IN BONDS TO FINANCE THAT, UM, THAT IS BEING MOVED OVER AND AS PART OF THAT 15 MILLION THAT YOU SAW IN THE PRIOR SLIDE.

AND THEN, UM, ONE THING THAT IS NOT CHANGING IN THE THIRD MOU, THERE WAS A, UH, INCENTIVE TO THE, UH, TO THE TAU, OR I'M SORRY TO OLEY, THAT WOULD NOT EXCEED $8 MILLION.

AND THAT'S AN INCENTIVE, UH, BASED UPON A RETURN OF COST THRESHOLD.

AND THAT, THAT INCENTIVE REALLY ONLY HAPPENS IF, IF THAT THRESHOLD IS NOT MET.

SO THAT HAS NOT CHANGED FROM THE THIRD MOU.

AND THEN LASTLY, THE, THE TOWNS WILL REIMBURSE FOR ANY OFFSITE, UH, INFRASTRUCTURE COST.

SO THIS, I THINK WILL, WILL MAKE IT A LOT MORE CLEAR,

[01:05:01]

UH, ALL THE, THE MOVING AROUND THAT I HAD JUST MENTIONED.

YOU CAN SEE, UM, IN THE SECOND LINE THERE THAT, UH, THAT 8.6 IS COMING OFF FROM THE OFFICE LEASE COMMITMENT.

AND THEN IT'S KIND OF, IF YOU COME DOWN TO THE NEXT LINE, YOU CAN SEE THE, THE NEW PROPOSAL GOES FROM 4 MILLION ON THE OFFICE PARKING UP TO 15 MILLION ON THE CURRENT PROPOSAL, UH, WHICH REPRESENTS A, AN INCREASE OF 10 MILLION JUST ON THAT OFFICE PARKING COMPONENT.

AND THEN WE'RE MOVING 3.4, WHICH WAS THE RETAIL PARKING ON THE TOWER.

AND THAT RETAIL PARKING IS NOW BEING MOVED INTO THE OFFICE.

AND THAT'S WHERE WE, ONCE AGAIN, WHERE WE, WE GET THAT, THAT 15 MILLION.

UM, AND THEN NO CHANGE AGAIN ON, UH, THESE OTHER ITEMS, NO CHANGE ON THE, UH, ON THE TAX GRANT.

AND, AND ONE, ONE CHANGE I DO WANT TO SEE HERE IS THAT, UH, INFRASTRUCTURE, WHEN WE FIRST DID THIS, WAS ESTIMATED AT 4.4 WE'RE BEING MUCH MORE CONSERVATIVE, UH, IN THIS MOU AND, AND PUTTING THAT ON THE HIGHER END AT ABOUT 9 MILLION.

BUT REALLY THAT INFRASTRUCTURE COULD COME ANYWHERE BETWEEN FIVE AND 10 MILLION.

UM, BUT I THINK ANOTHER GOOD, UH, BOTTOM LINE NUMBER HERE IS THAT WHEN WE REALLY GO THROUGH ALL THE, UH, THE SHELL GAME OF THE, OF THE MONEY MOVING BETWEEN THE DIFFERENT BUCKETS, WE'RE, OUR TOTAL LIABILITIES ARE REALLY COMING DOWN ABOUT 1.3, OR I'M SORRY, ABOUT 1.1 MILLION IN, IN THIS VERSION OF THE MOU.

AND MORE IMPORTANTLY, WE, WE HAVE A, WE HAVE TWO CO-DEVELOPERS IN A AND A GREAT OFFICE DEVELOPER.

SO PROJECT TIMELINE IS THE OTHER, UH, BIG COMPONENTS THAT'S CHANGED.

THERE'S BEEN QUITE A BIT OF DELAY.

SO WE REALLY HAD TO KIND OF TAKE A LOOK AT THOSE TIMELINES AND, AND SHIFT THOSE AROUND A BIT.

UM, HIGHLIGHTS HERE IS THAT, UH, THAT THE, THE GOAL HERE AND, AND IN THE MOU IS THAT WE WILL EXECUTE ALL DEFINITIVE AGREEMENTS BY APRIL 30.

UM, EMILY THEN WOULD, WOULD TURN RIGHT AROUND AND SUBMIT AN INFRASTRUCTURE PLAN ON, ON SEPTEMBER 20, UH, BUILDING PERMITS FOR THE TOWER ON MARCH 30, AND THEN THE QIP APPROVAL DEADLINE ON SEPTEMBER 30, WHICH WOULD ROLL RIGHT INTO, UH, AMLI STARTING CONSTRUCTION ON THE TOWER AND INFRASTRUCTURE ON NOVEMBER, 2025, WHICH I THINK IS THE MOST IMPORTANT, UH, BULLET POINT OUT OF ALL OF THESE.

AND THEN THE REST OF THESE ARE REALLY KIND OF, UM, ARE REALLY BASED OFF THAT INITIAL START PERIOD WHERE YOU HAVE, UH, BUILDING PERMITS THREE MONTHS AFTER THE COMPLETION OF THE INFRASTRUCTURE AND, UH, THE OFFICE AND RETAIL STARTING SIX MONTHS AFTER THE COMPLETION OF THE, OF THE INFRASTRUCTURE.

AND THEN THE LASTLY, THE, THE PODIUM BUILDING STARTS, UH, DECEMBER 20, UH, DECEMBER 20, 20, 26.

QUESTIONS? YES, WAYNE, THANK YOU.

UM, IF YOU COULD GO BACK TO SLIDE 12, UH, STARCH CONSTRUCTION ON THE TOWER.

IS THAT THE 14 STORY APARTMENT? YES.

UM, AND THEN IF WE COULD GO BACK TO SLIDE NINE.

AND THIS IS THE CONCEPT IMAGE IS, IS THE PLAN STILL TO BUILD THIS, THIS BUILDING? YES.

THERE, THERE'S A SLIDE ON ON SIX.

VISUALLY, IT'S JUST THROWING ME OFF BECAUSE IT DOESN'T MATCH THAT.

BUT THE, THE, THE PLAN IS NOT CHANGED AS FAR AS THE, WAS REFERRED TO AS THE DATA CENTER.

I THINK WE, I'M WITH YOU NOW.

I DIDN'T, I DIDN'T GET IT UNTIL NOW.

TRY TO MAKE THEIRS REALLY BAD IN THE FIRST, I GOTTA GO SLOW WITH ME GUYS.

UH, THANK YOU.

AND AGAIN, REMEMBER THIS PLAN.

HEY, TE TAYLOR.

TAYLOR, CAN YOU COME UP TO THE MIC PLEASE? YEAH.

SO THE, THE MULTIFAMILY PLAN, THE 14 STORY, UH, RESIDENTIAL TOWER WAS PREVIOUSLY APPROVED AT, AT P AND Z.

THERE WILL BE A MODIFICATION TO IT, BUT THE INTENT AND THE, AND THE THE BIG PIECE THAT WE'RE ALL LOOKING AT THE 14 STORIES IS EXACTLY THE SAME.

WELL, YOU, YOU KNOW, WHEN, WHEN WE FIRST LOOKED AT THIS AND YOU SHOWED US THE CONCEPT VIDEO AND EVERYTHING, I FELL IN LOVE WITH THE LOOK OF THAT.

SO I'M, I'M HAPPY THAT THAT'S NOT CHANGING.

I HOPE THAT'S NOT CHANGING.

SO, UM, YEAH, THE IMPROVEMENTS WE DID MAKE IN THE BUILDING, JUST TO BE CLEAR THAT WE HAVE THE TOWER ELEMENT, IS THE WAY WE'RE WRAPPING THE GARAGE.

YOU KNOW, WE'VE HEARD YOU LOUD AND CLEAR FROM THE VERY BEGINNING THAT, YOU KNOW, WHAT NOBODY WANTS TO SEE ARE THESE KIND OF EXPOSED OR NAKED GARAGES, ESPECIALLY ALONG THE DART RAIL LINE, THE SILVER LINE.

SO THAT'S THE, THAT'S THE BIG CHANGE THAT WE'RE GONNA SHOW YOU WHEN WE GO TO P AND Z AND COUNCIL IN THE NEXT COUPLE MONTHS PRIOR TO APRIL 30TH.

STILL DO THAT RE PLATTING WHAT, WHAT, WHAT THAT'S ALL ABOUT.

AND, UM, THIS MAY BE A QUESTION FOR KEN, WHOEVER CAN ANSWER WOULD BE GREAT, BUT, UM, IN THE, IN THE DEVELOPER SLIDE PRESENTATION, THERE WAS, UH, THERE WAS AN AREA IN THE PARK AND IT WAS CALLED TRACK FIVE.

UM, AND, AND THERE WAS SOME PLATTING THING FOR THAT.

AND I WAS JUST TRYING TO FIGURE OUT IF, IF THE NEW DEVELOPMENT, IF WE HAVE TO

[01:10:01]

WE HAVE CONCERNED CITIZEN IS ASKING ME THIS, AND I DON'T KNOW THE ANSWER THAT THAT WILL BE ESSENTIALLY SOME CLEANUP THAT NEEDS TO BE DONE WITH REGARDS TO PLATTING OF THE LAND THAT COMPRISES THE TOD AS WELL AS ADDISON CIRCLE PARK.

NOTHING, NOTHING, NOTHING TO BE CONCERNED ABOUT.

'CAUSE CURRENTLY THAT, THAT NORTHERNMOST TRACT INCLUDES FESTIVAL WAY PART OF THE PARK, WHICH IDEALLY YOU WOULDN'T WANT ALL OF THAT INTERMINGLED FESTIVAL WAY SHOULD BE PLATTED AS RIGHT OF WAY, THE PARCELS THAT MAKE UP THE TOD SHOULD BE PLATTED AS LOTS AND ADDISON CIRCLE PARK SHOULD BE ITS OWN LOT.

THANKS KATHY.

OTHER QUESTIONS, DARREN? SO, UH, WHAT'S, WHAT'S THE TIMELINE FOR COMPLETION LOOK LIKE ON THESE BUILDINGS? ON FIRST PHASE, UH, OUR PROJECTS, THE, THE GARAGE AND THE OFFICE WILL TAKE ABOUT 18 MONTHS IN ENTIRETY.

UH, FROM THE TIME WE START TO FINISH WITH BOTH OF THOSE.

SO SHOULD DOVETAIL CLOSELY WITH WHEN TAYLOR'S OR AM'S PROJECTS ARE COMPLETING.

AND OUR GOAL, TAYLOR, DON'T LET ME SPEAK FOR YOU, WOULD BE TO HAVE THE RETAIL DELIVER WITH THE OFFICE, RIGHT? SO WE'RE LOOKING AT THE SECOND QUARTER OF, OF 28, AND THAT'S WHEN THE TOWER, THE FIRST RETAIL BUILDING AND THE OFFICE, REMEMBER THE OFFICE AND THE OFFICE GARAGE HAVE TO OPEN TO SUPPORT THE PARKING FOR THE RETAIL.

SO THEY NEED TO COME TOGETHER AND THEN A YEAR LATER WILL BE WHEN THE PODIUM BUILDING THE SEVEN STORY PODIUM THAT FRONT SPECTRUM, UH, WILL DELIVER.

SO WE CAN SEQUENCE THIS OUT THE RIGHT WAY.

SO THIS IS FOR WAYNE, UH, ON OR MAY JUST A, UH, OBSERVATION THE OFFICE PARKING GARAGE WHERE WE'RE MOVING THE OFFICE, AND THIS IS ON SLIDE AFTER THAT ONE.

UH, UH, IT'S THE TAPE THAT SLIDE, THE TABLE SLIDE.

SO THE EIGHT, EIGHT AND 8.6 MILLION THAT WERE MOVING FROM THE OFFICE LEASE COMMITMENT, UH, THAT'S BEING MOVED AROUND AND MOSTLY COMBINED OR REALLOCATED TO THE GARAGE.

AND PREVIOUSLY WE WEREN'T OWNING THE GARAGE, RIGHT? CORRECT.

SO WE'RE OWN THE GARAGE.

WHAT'S THE LIKELIHOOD OF, OF, UM, AN OPERATOR BUYING THAT GARAGE, WHETHER IT'S THE OFFICE BUILDING, I MEAN, AT THE END OF SOME PERIOD OF TIME.

SO IT'S DEFINITELY SOMETHING THAT WE CAN NAIL DOWN THE DEFINITIVE AGREEMENTS, BUT IT'S, IT'S SOMETHING FOR FURTHER NEGOTIATIONS.

'CAUSE THERE COULD BE VALUE IN THE TOWN, UH, OWNING THAT INTO PERPETUITY.

AND IT COULD BE A, A, A REVENUE SOURCE FOR US.

THERE COULD BE VALUE TO THE OFFICE DEVELOPER, UH, OWNING THAT FOR WHENEVER THEY WANT TO, IF THEY EVER WANNA SELL THE PROPERTY.

SO THAT IS STILL SOMETHING TO BE, UH, NEGOTIATED AND TALKED ABOUT THROUGHOUT THE DEFINITIVE AGREEMENTS.

AND THERE'S NO LEASE, UM, FOR, UM, THE OFFICE SPACE USING THAT GARAGE? NO LEASE FROM, NO, THEY, THEY HAVE A, A RIGHT TO, TO PARK IN THAT GARAGE AT THREE PER 1000.

UH, WE, WE SAID THERE MIGHT BE SOME PROVISIONS WHERE, YOU KNOW, UH, TENANTS CAN COME IN THERE AND POSSIBLY RESERVE, UH, SOME PORTION OF THOSE SPACES.

BUT THE IDEA IS THAT THAT IS A PUBLIC GARAGE AND THAT GARAGE WILL BE OPEN, UH, TO THE PUBLIC TO PARK IN.

I WOULD DOUBLE JUST ADD WITH THAT APRIL 30TH DATE WHEN WE HAVE ALL THOSE DEFINITIVE AGREEMENTS COME FORWARD, THAT'S WHERE WE'RE GONNA SEE A LOT OF THAT ARTICULATED.

THANK YOU, WAYNE.

OTHER QUESTIONS? SO I HAVE A QUESTION AND KIND OF A THOUGHT, MAYBE THIS IS A DAVID OR, UM, KEN, I'M NOT, NOT SURE.

SO JUST TO THINK OF THE TIME, THE TIMELINE, YOU KNOW, AND I WAS ALREADY THINKING ABOUT THAT TIMELINE WHEN YOU ASKED THAT QUESTION, DARREN.

SO IF WE HAD A SITUATION WHEN WE LOOK AT, YOU KNOW, PHASE TWO, PHASE THREE, AND THEY HAVE THE OPTION TO, TO, TO WORK ON THOSE PENDING, WHAT DO THEY CALL IT, SUCCESSFUL PERFORMANCE, WHAT ARE WE GONNA HAVE PROTECTIONS IN PLACE IN CASE SOMETHING YOU KNOW, HAPPENS AND IT GETS DELAYED, DELAYED, DELAYED.

I'M JUST THINKING OF ANOTHER PROJECT NOT RELATED TO THESE FOLKS WHO THEY'RE NOT WORKING ON IT, BUT WE ALL KNOW WHO WE'RE TALKING ABOUT A PROJECT THAT'S GONE ON FOR A LONG TIME AND WE REALLY DIDN'T HAVE ANY, ANY PROTECTION FOR, FOR ADDISON IN DEALING WITH THAT SITUATION.

DEVELOPERS AND WE CAN GO THAT ROUTE.

SO THESE, THESE DATES ARE THE DATES THAT WE'RE LOOKING FOR, FOR THE DEFENDANT AGREEMENTS.

AND THESE, UH, AND AS WE STATED IN THE MOU CANNOT BE CHANGED.

AND SO THESE ARE HARD DEADLINES THAT, THAT THE DEVELOPER MUST PERFORM ON AND, AND START ON THESE DATES HERE.

MAYOR, IS YOUR QUESTION RELATED TO PHASES TWO AND THREE? YES.

YEAH, I MEAN, I THINK WE HAVE, CERTAINLY, WE, I MEAN, WE HAVE THE MOU AND IT CONTEMPLATES, HEY, IF THINGS GO WELL, WE CAN, WE CAN WORK WITH THESE DEVELOPERS, BUT IF THEY DON'T, WE CAN FIND OTHER

[01:15:01]

ABSOLUTELY.

AND COULD THOSE PHASES POTENTIALLY BE EVEN COMMENCE PRIOR TO THIS ONE BEING COMPLETED? IF, IF THIS ONE WERE TO BE DELAYED, JUST HYPOTHETICALLY, I'M A, I'M A POSITIVE THINKER, BUT YES, , THAT IS, THAT IS A POSSIBILITY.

JUST, JUST THROWING IT OUT THERE.

ANY OTHER QUESTIONS? MAYOR? MAYOR, I DO HAVE A QUESTION.

GO AHEAD, MAYOR, THIS IS GQ.

UH, I DO HAVE A QUESTION ON SLIDE NUMBER 10.

WAYNE, COULD YOU TELL US ABOUT THE AV TAX GRANT MAX IF NEEDED? GIVE US A, A BACKGROUND ON THAT AND SOME EXPLANATION.

SO THIS, THIS GOES BACK TO THE THIRD MOU.

THIS IS A, UH, AD VALOREM TAX GRANT FOR OLEY ON THEIR, UM, ON THE RESIDENTIAL DEVELOPMENT.

SO IN THE MOU, WE HAVE LAID OUT, UH, RETURN ON COST THRESHOLDS THAT ARE BASED ON CERTIFIED CONSTRUCTION COSTS.

THIS IS NOT TOTAL DEVELOPMENT COST, BUT REALLY RELATED TO THE HARD COST AND THE DEVELOPMENT.

UM, AND THO THOSE PERCENTAGES, I BELIEVE STARTED 7.2% AND OR THEY, THEY START AT 6.9069 OKAY, AT, AT 6.9, AND THEY KIND OF STARE UP AS, AS THE PROJECT STABILIZES.

BUT WHAT, WHAT THAT AAV TAX GRANT DOES IS IT, IT KIND OF ACTS AS A TRUE UP TO THAT RETURN ON COST.

UM, AND THE, THE, THE MAXIMUM AMOUNT THAT CAN BE IS, IS EIGHT, 8 MILLION OVER SIX YEARS.

I'LL, I'LL JUST ADD AND THANKS WAYNE.

I, THAT WAS A GOOD EXPLANATION.

I'LL JUST ADD A LITTLE BIT MORE TO IT.

UM, SO THAT, FOR ONE THING TO CONSIDER IS THAT'S NOT GONNA HAPPEN RIGHT AWAY.

THAT HAPPENS AFTER THEY HIT STABILIZATION, AFTER, UM, AFTER THE TOWER AND THE PODIUM GET UP AND GOING, AND THEY HAVE, UM, THEY'RE AT A POINT WHERE THEY'RE AT 94 OR 0.25% OCCUPANCY.

SO IT'S NOT SOMETHING WHERE WE HAVE TO HAVE THE CASH RIGHT AWAY IF WE NEED IT.

AND REALLY, THE IDEA BEHIND THE WAY THAT IT WAS STRUCTURED WAS, UM, THERE WAS A GAP THAT AM EMILY HAD FOR, FOR THE TOWER AND THE PODIUM TOGETHER.

AND WE SAID, WE UNDERSTAND THAT WE VALUE THAT WE'RE WILLING TO PARTICIPATE WITH YOU TO GET THERE SO WE CAN HAVE WHAT WE'RE LOOKING FOR, BUT WE'RE ALSO GONNA SAY WE'RE GONNA HAVE A STOP GAP IN THERE THAT IF MARKET CONDITIONS IMPROVE AND WE'RE IN A GOOD SPOT IN A NUMBER OF YEARS, WE'RE NOT STILL LIABLE FOR THAT.

SO I THINK WE CAME UP WITH A GOOD WAY, REALLY IN PARTNERSHIP WITH AM EMILY, AND, UM, A LOT OF CONVERSATIONS WHERE WE HAVE THIS MODEL THAT REALLY SUPPORTS THEM IF THEY NEED IT, BUT IT ALSO ALLOWS US TO NOT PAY IT IF THEY DON'T NEED IT.

SO WE'RE REALLY HAPPY WITH THE WAY THAT IT TURNED OUT.

UH, THANK YOU FOR THAT EXPLANATION.

UH, I DON'T HAVE ANOTHER QUESTION, BUT I DO HAVE A COMMENT.

MAYOR, I WANT THANK TYLER BOWEN AND AM LEE FOR HIS TENACITY ON THIS PROJECT.

UH, WE, WE, WE UNDERSTAND THAT THERE'S SUCH A CHALLENGING ENVIRONMENT RIGHT NOW, UH, IN THE REAL ESTATE MARKET ANYWAY, AND, UM, BY BRINGING IN QIP, UH, I THINK THAT I THINK THAT THEY'RE GONNA WORK VERY WELL TOGETHER, UH, ESPECIALLY SINCE WE WERE, UM, WHAT I SAW, UH, FROM THE, UH, WHEN WE WENT, WENT TO VISIT THE RIVER EDGE, THAT WAS THE, UH, ONE BUILDING THAT, UH, UH, WE DID GET TO SEE.

I I REALLY LIKED THE CONSTRUCTION, THE DESIGN, AND THE THOUGHTFULNESS OF THE DETAILS IN THAT BUILDING AS WE WERE, UH, TOURING IT.

SO, UH, THANKS AGAIN TO ALL THESE, UH, GENTLEMEN WHO ARE INVOLVED.

FIVE B PRESENT, DISCUSSED, AND CONSIDER ACTION ON AN ORDINANCE GRANTING A MERITORIOUS EXCEPTION TO CHAPTER 62 OF THE CODE OF ORDINANCES FOR NANDO'S PERRY PERRY, LOCATED AT 5,100 BELTLINE DRIVE, SUITE 7 28.

GQ.

ANY OTHERS? WELL, AND JUST TO, JUST SO I CAN CLARIFY, I WAS NOT, UH, YOU KNOW, SUGGESTING THAT THERE WAS GONNA BE ANY ISSUES DOWN THE ROAD BECAUSE ONE, ONE THING I KNOW ABOUT AMLI IS THAT THEY'RE, THEY'VE BEEN A PROVEN, UH, FIRST CLASS OPERATOR HERE IN ADDISON.

AND SO WE'RE, WE'RE THRILLED THAT THEY'RE GONNA BE WORKING WITH US ON, ON THE, UH, THE TOD BECAUSE THEY'VE GOT ONE PROJECT THAT'S A HUGE SUCCESS ALREADY OVER IN ADDISON CIRCLE AND ONE THAT'S UNDER CONSTRUCTION NOW.

AND SO, YOU KNOW, THEY'RE A GREAT DEVELOPER AND A GREAT OPERATOR ONCE THEY GET HERE.

AND IN OUR, IN OUR EXPERIENCE, UH, YOU KNOW, TOURING THE, UH, THE QIP PROPERTY IN THE DESIGN DISTRICT, THAT WAS, WE WERE ALL SO IMPRESSED WITH THAT, AND WE APPRECIATE YOUR HOSPITALITY DOWN THERE.

SO LOOKING FORWARD TO SEEING THIS BE A HUGE SUCCESS AS WELL.

ANYTHING ELSE FROM ANYBODY? THANK YOU, WAYNE.

ALL RIGHT, THANK YOU.

WAS THERE ANYTHING ELSE YOU HAD FOR US? NO, THAT, THAT'S IT.

RIGHT? OKAY, GOOD.

VERY GOOD.

WE'LL MOVE ON TO ITEM.

OH, YES, WE DO.

WE NEED TO VOTE ON THAT.

IS, IS THERE A MOTION MAYOR, I MOVE FOR APPROVAL.

SECOND.

I'LL SECOND.

I DO HAVE A MOTION FROM EILEEN, A SECOND FROM NANCY WHO GOT IN FIRST ON THAT ONE.

AND ANY DISCUSSION? ALL IN FAVOR? AYE.

AYE.

OPPOSED? ALRIGHT.

ITEM FIVE A PASSES ITEM FIVE B PRESENT, DISCUSSED.

AND THANK YOU ALL FOR, FOR BEING HERE TONIGHT AND FOR YOUR PATIENCE

[01:20:01]

WHILE WE'RE RUNNING LATE

[b. Present, discuss, and consider action on an Ordinance granting a Meritorious Exception to Chapter 62 of the Code of Ordinances for Nando's Peri Peri, located at 5100 Belt Line Drive, Suite 728, in order to allow a 1,000 square-foot mural on portions of the north and east facades and to allow an additional attached wall sign on the north facade. (Case MR2023-07/5100 Belt Line Drive, Suite 728 - Nando's Peri Peri).]

IN ORDER TO ALLOW A 1000 SQUARE FOOT MURAL ON PORTIONS OF THE NORTH AND EAST FACADES.

AND TO ALLOW AN ADDITIONAL ATTACHED WALL SIGN ON THE NORTH FACADE CASE, MR 2023 DASH ZERO SEVEN SLASH 5,100 BELTLINE DRIVE, SUITE 7 28 NANDOS, PERRY, PERRY, LESLIE, GOOD EVENING, LESLIE KNIGHT, PLANNING AND DEVELOPMENT MANAGER.

UH, THE SUBJECT PROPERTY THIS EVENING, UH, REQUESTING TWO MERITORIOUS EXCEPTIONS, UH, IS NANDOS PERRY PERRY.

THEY'RE A NEW RESTAURANT, UH, THAT IS, UH, AT VILLAGE ON THE PARKWAY IN BLOCK 700.

SO THE TWO REQUESTS BEFORE YOU IS THE FIRST TWO, UH, GRANT A MURAL ON THE NORTH AND, UM, EAST FACADES, AS WELL AS ALLOWING TWO SIGNS ON THE NORTH FACADE, ONE OF THEM BEING THE REQUESTED MURAL.

SO THE, UM, RESTAURANT IS LOCATED IN THE MIDDLE OF VILLAGE ON THE PARKWAY.

AND I WILL ALSO NOTE THAT THE PROPOSED MURALS ARE NOT VISIBLE FROM ANY PUBLIC RIGHT OF WAYS WHERE THEY ARE LOCATED.

UH, THEY ARE FACING INTERIOR TOWARDS, UH, THE INTERIOR OF BLOCK 700 IN AN EXISTING, UH, KIND OF PEDESTRIAN AREA.

THE REQUESTED, UH, MURALS, UH, ARE SHOWN HERE IN THESE EXHIBITS.

IT'S APPROXIMATELY A THOUSAND SQUARE FEET.

UH, OUR CURRENT SIGN ORDINANCE DOES NOT HAVE SEPARATE STANDARDS SPECIFIC TO MURALS.

SO UNDER OUR SIGN CODE, THIS IS CONSIDERED AN ATTACHED SIGN, WHICH WOULD, UH, FALL UNDER OUR MAXIMUM SIGN REQUIREMENTS.

UH, FOR THIS PARTICULAR, UH, THESE PARTICULAR FACADES, THE MAXIMUM AREA FOR THOSE SIGNS WOULD BE APPROXIMATELY 160 SQUARE FEET.

THE PROPOSED MURAL IS A THOUSAND SQUARE FEET, OBVIOUSLY EXCEEDING THAT MAXIMUM.

UH, IN ADDITION ON THE NORTH FACADE, UH, YOU SEE THAT THE, UH, NANDOS HAS PROPOSED THEIR, UH, LOGO IN THEIR NAME IN THE CENTER OF THE FACADE, AS WELL AS EXPANDING THE MURAL AROUND THAT FACADE.

ONCE AGAIN, HAVING TWO SIGNS.

THE REQUIREMENT IN THIS AREA IS ONE SIGN PER FACADE.

STAFF DOES REVIEW MERITORIOUS EXCEPTION REQUESTS BASED UPON THE CRITERIA, AND, UH, STAFF BELIEVES THAT IT, THE REQUEST DOES MEET THE CRITERIA THAT THIS IS, UH, WHILE IT DOES FALL UNDER THE DEFINITION OF A SIGN, IT DOES CONSTITUTE ART AND MAKES A POSITIVE, UH, CONTRIBUTION TO THE VIS VISUAL ENVIRONMENT.

UH, THE SIGN IS INTENDED TO IMPROVE WHAT WOULD OTHERWISE BE A BLANK FACADE, AND THE COLOR PALETTE AND DESIGN IS REPRESENTATIVE OF THE RESTAURANT'S SOUTH AFRICAN HERITAGE.

I'LL ALSO NOTE THAT THE MURAL DOES NOT, UH, SPECIFICALLY HAVE ANY TERMS OR DEPICTIONS THAT ARE DIRECTLY RELATED TO ADVERTISEMENTS FOR THE BUSINESS AND STAFF RECOMMENDS APPROVAL OF THE REQUEST.

UM, I'LL ALSO ADD, WE HAVE TWO PARTICIPANTS, UH, FOR THIS, UM, APPLICATION ON ZOOM WITH US.

ANY QUESTIONS FOR LESLIE? MARLEY GOT A QUESTION.

DO WE KNOW IF, IF THERE ARE ANY OTHER, UH, SIGNS THAT MIGHT BE IN THE WORKS THAT MIGHT BE COMING ABOVE AND BEYOND THIS FERNANDO'S SPECIFICALLY? YES.

UH, SO THEY HAVE ALREADY BEEN APPROVED, UH, SORRY, LET ME GO BACK.

FOR THE SIGN THAT'S SHOWN ON THE NORTH FACADE HERE, WHICH IS JUST, IT SAYS NANDOS PERRY PERRY IN RED TEXT, IT'S IN THE CENTER OF THE BOTTOM FACADE.

AND THEN THEY WERE ALSO APPROVED FOR THE SAME SIGN ON WHAT IS THE FRONT OR SOUTH FACADE.

AND THOSE HAVE ALREADY BEEN APPROVED, CORRECT? BUT THERE'S NO, SO THE, THE ADDITIONAL SIGN THAT THEY'RE REQUESTING IS THE MURAL ITSELF.

I UNDERSTAND THAT.

DO WE KNOW IF THERE, IF, IF THERE MIGHT BE ANY SUBSEQUENT SIGNS TO THIS? THEY'RE NOT PROPOSING ANY ADDITIONAL SIGNS TO MY KNOWLEDGE.

OTHER QUESTIONS? IS THERE A MOTION MOVED TO APPROVE SECOND MOTION FROM NANCY, SECOND FROM MARLON? ANY DISCUSSION? WELL, I'LL JUST SAY, I THINK IT LOOKS REALLY GREAT.

AND WHEN YOU LOOK AT THE PICTURE OF THE, UH, THE CURRENT WALL, BLANK WALL, HUGE IMPROVEMENT.

SO I THINK IT LOOKS GREAT.

SO ALL IN FAVOR? AYE.

AYE.

ANY OPPOSED? AYE.

C, PRESENT, DISCUSS AND CONSIDER ACTION ON A REQUEST FOR A MERITORIOUS EXCEPTION TO CHAPTER 62 OF THE CODE OF ORDINANCES FOR FROST BANK, LOCATED AT 38 20 BELTLINE ROAD IN ORDER TO FALL TO ALLOW FROST BANK

THAT ITEM FIVE B PASSES.

THANK YOU, LESLIE.

ITEM FIVE

[c. Present, discuss, and consider action on a request for a Meritorious Exception to Chapter 62 of the Code of Ordinances for Frost Bank, located at 3820 Belt Line Road, in order to allow Frost Bank to construct a detached single-tenant pole sign within the Addison Town Center Special District. (Case MR2023-06/3820 Belt Line Road - Frost Bank).]

[01:25:01]

TO CONSTRUCT A DETACHED SINGLE TENANT POLE SIGN WITHIN THE ADDISON TOWN CENTER SPECIAL DISTRICT CASE MR 2023 DASH ZERO SIX SLASH 38 20 BELTLINE ROAD, FROST BANK, LESLIE LESLIE KNIGHT PLANNING AND DEVELOPMENT MANAGER, UH, THIS REQUEST IS FOR FROST BANK.

UH, THEY ARE LOCATED AT 38 20 BELTLINE ROAD, AND, UH, THEY ARE CURRENTLY UNDER CONSTRUCTION AT THIS LOCATION.

AND, UH, THEY ARE ASKING FOR AMERITADE'S EXCEPTION, UH, REQUEST FOR A SINGLE TENANT DETACHED POLE SIGN.

UH, THIS PARTICULAR PROPERTY IS WITHIN A, UH, THE ADDISON TOWN CENTER SPECIAL DISTRICT, WHICH HAS UNIQUE STANDARDS OUTSIDE OF, UH, OUR STANDARD SIGN REQUIREMENTS, UH, WHICH IS WHY THEY'RE COMING BEFORE YOU TO MAKE THIS REQUEST.

UH, THE REQUESTED SIGN MEETS ALL OF THE, UH, DIMENSIONAL AND SETBACK REQUIREMENTS FOR A DETACHED SINGLE TENANT PULL SIGN.

UH, THE SIGN BEFORE YOU IS WHAT THEY'RE REQUESTING.

IT'S 20 FEET TALL, IT'S SETBACK 20 FEET FROM, UH, THE RIGHT OF WAY AS REQUIRED.

IN ADDITION, IT MEETS ALL OF THE HEIGHT, WIDTH, AND DEPTH REQUIREMENTS FOR THE SIGN CABINET.

THIS PARTICULAR SIGN, AS I MENTIONED, MEETS ALL OF THE REQUIREMENTS, BUT, UH, SINCE IT IS WITHIN THE ADDISON TOWN CENTER SPECIAL DISTRICT, IT WAS NEVER, UH, ALLOWED TO HAVE DETACHED SINGLETON POLE SIGNS.

THIS DISTRICT WAS CREATED IN THE NINETIES, AND THE INTENT WAS THAT THE 42 ACRES, INCLUDING THIS SITE AND THE TOWN CENTER BEHIND IT, WHICH, UH, WOULD ALL BE DEVELOPED IN A MORE COHESIVE MANNER, AND THEY WOULD REALLY FOCUS THEIR SIGNAGE, EITHER BE ATTACHED SIGNS OR WITHIN, WITHIN THREE MULTI-TENANT LARGE SIGNS AT THE ENTRY POINTS.

UNFORTUNATELY, THIS PARTICULAR SHOPPING CENTER IS IN A PHASE OF REDEVELOPMENT, AND IT HAS ALSO, UH, SPLIT OWNERSHIP.

SO WE'RE SEEING, UM, PHASED AND INCREMENTAL CHANGE THAT IS SOMEWHAT INCONSISTENT WITH THE INTENT OF THE, UH, SIGNED DISTRICT THAT WAS APPROVED BACK IN THE NINETIES.

THE APPLICANT IS JUSTIFYING THIS REQUEST, UH, IS THAT THE POLL SIGN THEY'RE REQUESTING IS CONSISTENT WITH OUR STANDARDS AND WITHIN OTHER POLL SIGNS WITHIN THE AREA.

AND THAT NOT ALLOWING THIS PUTS THEM AT AN UNNECESSARY DIS UM, EXCUSE ME, UNNECESSARY DISADVANTAGE TO OTHER RETAILERS IN THE AREA.

SO STAFF, UH, WHEN REVIEWING THE MERITORIOUS EXCEPTION CRITERIA FOUND THAT THIS REQUEST DID PRESENT EXCEPTIONAL CIRCUMSTANCES, UM, AND CONSTITUTED IN PRACTICAL DIFFICULTY, UH, FOR SOME OF THE REASONS I'VE ALREADY MENTIONED, UM, BUT BRIEFLY GOING OVER THEM AGAIN, IS THAT, UH, THE SHOPPING CENTER IS NO LONGER UNDER COMMON OWNERSHIP.

WE'RE SEEING A LOT OF THE PAD SITES AS WELL AS EVEN THE, THE CENTER BEHIND THIS UNDER MULTIPLE OWNERS MAKING IT CHALLENGING TO MAKE, TO HAVE MORE COHESIVE SIGNAGE.

UM, AND THAT IS REDEVELOPING AND SEEING REINVESTMENT IN A WAY THAT'S INCONSISTENT WITH THE, THE SIGN CODE AND THAT THIS, THEIR PROPOSAL MEETS OUR INTENT.

UH, THE SPIRIT AND INTENT OF OUR CODE STAFF RECOMMENDS APPROVAL OF THIS REQUEST.

AND I'D BE HAPPY TO TAKE ANY QUESTIONS.

QUESTIONS FROM ANYBODY? YES, LESLIE, I HAVE A QUESTION FOR YOU.

KNOWING YOU HAD JUST SORT OF POINTED OUT THAT WE'VE GOT A A, A LARGE SCALE PLAZA, MULTIPLE USE OWNERS, WOULD THIS EXCEPTION LEAD TO POTENTIAL HALF A DOZEN TO A DOZEN SIGNS IF THOSE NEW TENANTS OR EXISTING TENANTS SAY, WELL, THEY HAVE A SIGN, THERE WAS A, AN EXCEPTION FOR THEM, WE NOW WANT TO ADD AND WE WOULD HAVE A SERIES OF BELT LINE, UM, SIGNAGE? YEAH, I'D BE HAPPY TO ADDRESS THAT.

SO THIS PARTICULAR SITE IS SOMEWHAT UNIQUE IN THAT IT HAS DIRECT FRONTAGE ON BELTLINE AND, UH, THERE IS, IT DOES NOT SHARE COMMON OWNERSHIP WITH ANY OTHER SITES.

SO TAKE FOR EXAMPLE, THE LARGER SHOPPING CENTER BEHIND, UM, IT DOES HAVE A MULTI-TENANT SIGNAGE ON THE SAME SITE THAT WAS APPROVED WITH THE SIGN DISTRICT.

IT ALSO HAS MULTIPLE TENANTS ON THAT SITE.

UH, SO SOME OF THE JUSTIFICATION THAT WE MAY HAVE PROVIDED HERE TONIGHT WOULD NOT NECESSARILY APPLY IN THAT INSTANCE.

UM, ANOTHER EXAMPLE, UM, WOULD BE SALAD AND GO.

UH, IF YOU'RE ALL FAMILIAR WITH SALAD AND GO, WHICH IS IMMEDIATELY ADJACENT TO THE SUBJECT PROPERTY, THEY'RE ACTUALLY USING A WHAT WAS FORMERLY EXISTING, UM, WHICH STAFF ASSUMES TO BE A LEGAL NONCONFORMING POLE SIGN AND THEY JUST REFACED IT.

UM, I'M NOT SURE WHEN IT WAS CONSTRUCTED, WE WERE UNABLE TO FIND A PERMIT, BUT IT COULD HAVE BEEN IN THE EIGHTIES, NINETIES WHEN THAT WAS CONSTRUCTED.

THEY PAINTED IT AND REFACED IT.

SO IT'S NOT OUT OF CHARACTER FOR POLE SIGNS TO BE IN THIS AREA, UM, OR SIGNAGE IN GENERAL, BECAUSE I THINK WE HAVE TO ACCOMMODATE WHAT IS, UH, REASONABLE, UM, WITHIN THE SHOPPING CENTER.

[01:30:02]

SO WE, WE HAVE, I GUESS WE, UH, TO CLARIFY, WE HAVE STANDARD SETS.

SO WHEN CHICK-FIL-A MOVES ACROSS THE STREET, THERE ISN'T A POLE SIGN FOR CHICK-FIL-A THEY WANT TO, IS THERE A, A, A REQUIREMENT IN TERMS OF SIZE AS THEY DID WITH FROST FOR CONSIDERATION, OR IS THAT UNDER AGAIN, DIFFERENT LANDOWNER? YES.

SO, UH, THAT, THAT PARTICULAR SITE YOU JUST REFERENCED, THAT, UH, IS THE, THE FORMER CAPITAL ONE BANK AND, AND PROPOSED TO BE THE FUTURE CHICK-FIL-A IS UNDER A SINGLE OWNERSHIP AT THIS TIME.

AND SO IT WOULD FALL UNDER SIMILAR CIRCUMSTANCES AS THIS PARTICULAR SITE.

UM, I WILL SAY THAT THEY COULD REQUEST A MERITORIOUS EXCEPTION JUST AS FROST BANK DID.

HOWEVER, THEY WOULD NOT BE PERMITTED BY WRIGHT.

PUT A POLL SIGN IN.

WE'RE TO ITEM, UH, FIVE, UH, ITEM SIX, ITEMS OF COMMUNITY INTEREST.

ANY OTHER QUESTIONS? IS THERE A MOTION? MAYOR? I MAY FOR APPROVAL.

THANK YOU, EILEEN.

SECOND.

THANK YOU, MARLON, FOR THE SECOND.

ANY OTHER DISCUSSION? ALL IN FAVOR? AYE.

AYE.

ANY OPPOSED? AYE.

ALRIGHT, ITEM FIVE C PASSES.

THANK YOU, LESLIE.

AND NOW

[6. Items of Community Interest. The City Council will have this opportunity to address items of community interest, including: expressions of thanks, congratulations, or condolence; information regarding holiday schedules; an honorary or salutary recognition; a reminder about an upcoming event organized or sponsored by the Town of Addison; information regarding a social, ceremonial, or community event that was or will be attended by an Addison City Council member or an official; and, announcements involving an eminent threat to public health and safety in Addison that has arisen since posting this agenda.]

THIS IS THAT OPPORTUNITY FOR COUNCIL MEMBERS TO, UH, SHARE EXPRESSION OF THANKS.

CONGRATULATIONS.

CONDOLENCE, ANYTHING ABOUT SCHEDULES? ANYTHING YOU'D LIKE TO SHARE WITH THE, UH, PUBLIC? YES.

OH, YOU WANNA, WE WE GO TO STEVEN NOW, OR YOU CAN DO THAT? I THOUGHT WE'D DO THAT AFTER.

ITEM, WHICH IS ITEM SEVEN C.

I DIDN'T FORGET.

, IS THERE ANYTHING FROM ANYBODY? I HAVE A COUPLE THINGS THAT I WOULD JUST LIKE TO MENTION, UH, JUST STAFF WISE.

ONE, WE'RE ALL VERY AWARE OF, UH, YOU KNOW, CHIEF, UH, POLICE CHIEF PAUL, UH, PAUL SPENCER, WHO'S GOING TO, WHO'S, WHO'S GONNA BE RETIRING AFTER A VERY LONG, UH, CAREER WITH ADDISON.

AND THEN JUST, UH, JUST PROUD TO KNOW HIM AS A, AS THE PROFESSIONAL THAT HE IS AND AS A FRIEND.

SO I, I LOOK FORWARD TO SEE WHAT HE DOES IN HIS NEXT CHAPTER.

SO EXCITED FOR HIM AND WE WILL CERTAINLY MISS HIM AROUND HERE.

AND ALSO, UM, WE HEARD EARLIER TONIGHT ABOUT VALENCIA GARCIA, WHO'S OUR INTERIM CITY SECRETARY.

AND, YOU KNOW, SHE'S, SHE'S PROVEN HERSELF, YOU KNOW, SINCE I'VE KNOWN HER SINCE LAST MAY, THAT WE START, STARTED TO BE ABLE TO SPEND A LITTLE TIME TOGETHER AT, UH, TOWN HALL AS A VERY, VERY SMART AND, UH, INDUSTRIOUS AND, AND, UH, AND JUST A FRIENDLY PERSON.

SHE ALWAYS HAS THAT SMILE ON HER FACE.

AND, AND I, AND I APPRECIATE THE ALL THAT SHE DOES FOR ADDISON.

I LOOK FORWARD TO SEEING YOU REALLY, REALLY GROW IN THIS NEW ROLE.

SO CONGRATULATIONS.

ANYTHING ELSE FROM ANYBODY? OKAY, WELL, WITH THAT, WE NEED TO GO BACK TO OUR WORK SESSION

[c. Present and discuss Senior Property Tax Exemptions.]

AND WE'LL JUST DO THAT IN THIS ROOM, I ASSUME? YES.

STEVEN GLICKMAN, CHIEF FINANCIAL OFFICER.

AND ITEM SEVEN C IS PRESENT AND DISCUSS SENIOR PROPERTY TAX EXEMPTIONS.

STEVEN.

GREAT.

GOOD EVENING, MAYOR AND COUNCIL.

AND, UM, THIS EVENING WE HAVE FOR YOU A PRESENTATION RELATED TO SENIOR TAX EXEMPTIONS.

UH, IF YOU RECALL, DURING OUR, UH, BUDGET WORKSHOP, THERE WERE SOME QUESTIONS ABOUT THIS, AND, UH, STAFF, UH, WAS DIRECTED TO BRING THIS BACK, UH, IN JANUARY, UH, SO THAT COUNCIL COULD CONSIDER, UM, UH, THE PROCESS FOR, UH, CHANGING THE SENIOR TAX EXEMPTION.

SO JUST A REMINDER ON WHAT THE TOWN'S CURRENT, UM, EXEMPTION STRUCTURE IS.

UH, SO, AND, AND I MADE THIS KIND OF AS AN EXAMPLE, THAT'S ALL INCLUSIVE.

SO WE HAVE A HOMESTEAD EXEMPTION, UH, THAT'S 20% OF THE APPRAISED PROPERTY VALUE, AND THAT'S THE MAXIMUM THAT CAN BE OFFERED, UH, BY A CITY.

UH, SO WE'RE ALREADY AT THE MAX OF THAT, UM, THAT HOMESTEAD EXEMPTION.

UH, IN ADDITION, WE HAVE THE SENIOR EXEMPTION, WHICH IS $50,000.

THERE'S A DISABLED PERSON EXEMPTION OF $60,000.

AND THEN EACH OF THESE EXEMPTIONS APPLIES, UM, TO EACH INDIVIDUAL PROPERTY, AND THEY ACCUMULATE, UM, AND REDUCE THE TOTAL TAXABLE VALUE OF THAT PROPERTY.

SO, FOR INSTANCE, IF THERE WAS A, UM, UH, HOME THAT WAS, UH, APPRAISED AT $400,000 AND THEY HAD THE HOMESTEAD EXEMPTION, IT WOULD REDUCE THAT BY 80,000.

THEN IF THEY ALSO HAD THE OTHER EXEMPTIONS, THE SENIOR EXEMPTION, DISABLED PERSON EXEMPTION, UH, THOSE ALL ADD UP TOGETHER TO REDUCE THAT, UH, TAXABLE VALUE OF THAT PROPERTY.

WE ALSO HAVE A LIST OF OUR COMPARATOR CITIES, UH, THAT WE USE FOR, UH, COMPARISONS IN, UH, NUMEROUS UH, WAYS.

UH, SO WE HAVE, UH, THE OPTIONAL HOMESTEAD, WHICH IS, AGAIN, ADDISON'S AT 20% THERE.

UH, WE HAVE THE AGE 65 AND OLDER, THAT'S THE SENIOR EXEMPTION, AND THEN THAT DISABLED PERSON EXEMPTION.

[01:35:01]

YOU CAN SEE THAT ADDISON, UM, AGAIN, ON THE HOMESTEAD, UH, QUITE A BIT HIGHER, UH, RELATED TO SOME CITIES.

SOME OTHER CITIES ARE ALSO AT THE MAX.

AND THEN THERE'S A MIX THERE.

UM, UH, THE, UH, SENIOR EXEMPTION, UH, WE'RE AT 50,000, YOU CAN SEE HOW WE COMPARE TO THE OTHER CITIES.

THERE'S ONE, UH, REALLY LARGE OUTLIER HERE, AND THAT'S UNIVERSITY PARK.

UM, ALL THE OTHER CITIES ARE SOMEWHERE IN THE NEIGHBORHOOD, 50 TO 150,000.

UH, UNIVERSITY PARK IS AT 502,000.

SO, UH, AS WE GET FURTHER, THERE'S SOME INFORMATION THAT I SHOW WITH UNIVERSITY PARK AND WITHOUT, JUST, JUST SO IT DOESN'T SKEW THE DATA SO MUCH.

UM, AND THEN YOU CAN SEE THE DISABLED PERSON EXEMPTION AS WELL.

AGAIN, UNIVERSITY PARK IS AN OUTLIER, UH, THERE WITH 502,000.

UH, SO WHEN WE LOOK AT, UH, HOW WE COMPARE TO THOSE COMPARATOR CITIES ON WHAT ADDISON IS OFFERING, UH, AND THEN ALSO I INCLUDED, UH, ALL OF, UH, DALLAS COUNTY CITIES IN THAT WHEN WE LOOK AT DALLAS COUNTY, AND WE DON'T INCLUDE UNIVERSITY PARK IN THERE, UH, WE'RE JUST A LITTLE BIT BELOW WHAT THE AVERAGE OF, UH, DALLAS COUNTY CITIES ARE ABOUT 3% BELOW.

WHEN YOU INCLUDE UNIVERSITY PARK, YOU CAN KIND OF SEE HOW THAT SKEWS THE DATA EVEN FOR ALL OF THE CITIES IN DALLAS.

IN DALLAS COUNTY.

IT MAKES THAT NUMBER JUMP UP WHERE WE'RE, IT MAKES IT LOOK LIKE WE'RE OVER 24%, UH, BEHIND, UH, SOME OF THE, UH, CITIES IN DALLAS COUNTY.

AND WHEN WE LOOK AT JUST OUR COMPARATOR CITIES, AND AGAIN, EXCLUDING UNIVERSITY PARK, UH, THE COMPARATOR CITIES, UH, OFFER, UH, JUST UNDER $83,000 ON AVERAGE, UH, ADDISON AT 50,000.

WE'RE JUST UNDER 40% BELOW THAT.

UH, AND THEN WHEN YOU, AGAIN, WHEN YOU INCLUDE UNIVERSITY PARK, IT SKEWS THAT DATA SO MUCH.

IT, IT, IT REALLY MAKES IT, UM, A A LITTLE BIT UNUSABLE.

UH, SO INCLUDING UNIVERSITY PARK, IT GOES UP TO ABOUT 115,000, UH, WHICH IS A, A JUST A, A HUGE JUMP FROM, UH, THE 82,000.

SO, UH, AGAIN, UNIVERSITY PARK AT 500, 2000 IS AN OUTLIER.

ALL THE OTHER CITIES WITHIN DALLAS COUNTY AND OUR COMPARATOR CITIES, UH, ALL OF THEIR SENIOR EXEMPTIONS RANGE BETWEEN 10,000 AND 150,000.

AND THEN WE, WHEN WE LOOK AT HOW, UH, A CHANGE IN THE, UH, SENIOR EXEMPTION, UH, WOULD AFFECT TAXABLE VALUE REVENUE, UM, HOW IT WOULD IMPACT, UH, THE AVERAGE SENIOR, UH, AND THEN HOW IT WOULD POTENTIALLY IMPACT THE TAX RATE TO GENERATE THE SAME AMOUNT OF REVENUE.

UM, THAT'S WHAT WE HAVE IN THIS TABLE.

SO, UH, THE FIRST LINE THERE IS AN ADDITIONAL EXEMPTION.

SO THIS WOULD BE IN ADDITION TO THE 50,000 THAT'S ALREADY OFFERED.

SO IF, FOR INSTANCE, 10,000, THAT WOULD BUMP IT FROM 50 UP TO 60,000.

SO IN THIS EXAMPLE, UH, WE HAVE 783 CURRENT SENIOR EXEMPTIONS FOR FISCAL YEAR 2024.

UH, WHEN YOU MULTIPLY THAT TIMES THE 10,000, YOU GET SEVEN, UH, $0.83 MILLION.

SO THAT'S WHAT OUR TAXABLE PROPERTY VALUE WOULD BE REDUCED BY.

UH, SO THAT, THAT'S ABOUT ALMOST $48,000 IN PROPERTY TAX REVENUE.

UH, THAT WOULD SAVE THE AVERAGE SENIOR ABOUT $61.

AND THEN THE TAX RATE IMPACT TO GENERATE THAT $48,000 FROM THE OTHER PROPERTIES IN TOWN, UH, IS ABOUT 0 CENTS.

SO NOT A VERY LARGE AMOUNT.

UH, BUT AS YOU GET FURTHER AND YOU ADD, YOU KNOW, YOU LOOK AT HOW THIS KIND OF ACCUMULATES, UH, IT CAN GET UP TO A LITTLE BIT HIGHER AMOUNT.

SO ON AVERAGE, UH, THE OTHER, YOU KNOW, TAXPAYER, UH, THAT OWNS A RESIDENTIAL HOME HERE, IF FOR EACH $10,000, UM, SOMEONE THAT DOESN'T HAVE THE SENIOR EXEMPTION WOULD SEE ABOUT A $3 AND 50 CENT INCREASE IN THEIR ANNUAL PROPERTY TAX BILL.

SO THE SENIOR SEES ABOUT A $61 BENEFIT, THE OTHER RESIDENTIAL HOMEOWNERS WOULD SEE ABOUT A $3 AND 50 CENTS INCREASE.

AND THEN THE PROCESS TO MAKE THIS CHANGE, UM, IS, UH, THE, AN ORDINANCE WOULD HAVE TO BE ADOPTED BY THE CITY COUNCIL.

UM, THERE'S A COUPLE OF TIMING ASPECTS TO THIS.

SO IF COUNSEL WANTED TO MAKE A CHANGE AND YOU WANTED THAT TO BE ON THE, UH, NOTICES THAT GO OUT TO, UM, PROPERTY OWNERS, UH, IN EARLY, YOU KNOW, THOSE CAN BE SENT OUT AS EARLY AS APRIL 15TH.

GENERALLY YOU GET THEM SOME TIME IN MAY AND THAT HAS YOUR APPRAISED VALUE AND PEOPLE SEE THAT AND KIND OF GET STICKER SHOCK.

UH, BUT IT ALSO HAS WHATEVER EXEMPTIONS ARE CURRENTLY ON THE BOOKS AND WHATEVER THE CURRENT TAX RATE IS, AND IT KIND OF GIVES YOU AN ESTIMATE OF WHAT THAT TAX BILL WOULD LOOK LIKE GIVEN THE CURRENT CONDITIONS.

UM, SO IF COUNSEL WISHED TO MAKE A CHANGE AND YOU WANTED THIS, UH, AN UPDATED EXEMPTION AMOUNT REFLECTED ON THOSE NOTICES, UH, WE WOULD NEED TO HAVE, UH, THAT ORDINANCE ADOPTED BY THE SECOND MEETING, UH, IN FEBRUARY.

AND THEN THAT ORDINANCE WOULD'VE

[01:40:01]

TO BE EXECUTED AND DELIVERED TO THE, UH, DALLAS CENTRAL APPRAISAL DISTRICT, UH, BY MARCH 4TH TO BE, AGAIN, IN THOSE NOTICES THAT WOULD GO OUT AFTER APRIL 15TH.

NOW, IT DOESN'T HAVE TO BE, UH, ON THE NOTICES, SO IF COUNSEL, YOU KNOW, DIDN'T WANT TO TAKE ACTION NOW OR WANTED TO THINK ABOUT IT OR BRING IT BACK AT A LATER DATE, YOU CAN ALWAYS DO THAT.

BUT IT DOES HAVE TO BE DONE, YOU KNOW, IN THE, YOU KNOW, BEFORE WE REALLY GET INTO THE BUDGET PROCESS WITH COUNCIL.

SO IT REALLY NEEDS TO BE JUNE, JULY SOMETIME IN THAT, IN THAT NEIGHBORHOOD IS REALLY THE, THE END DEADLINE OF WHEN, UH, ACTION WOULD NEED TO BE TAKEN.

WITH THAT, I'LL BE HAPPY TO ANSWER ANY QUESTIONS ABOUT SENIOR EXEMPTION QUESTIONS, COMMENTS.

STEVEN, THIS IS GQ.

I DO HAVE A CO, UH, COMMENT.

YES, SIR.

SIR, GO AHEAD.

QUESTION AND A QUESTION.

THAT WAS A, UH, WAS A VERY GOOD, UH, INTRODUCTION ON THIS, ON THIS, UH, ITEM.

CAN YOU TELL US ABOUT THE OPTIONAL HOMESTEAD? YOU MENTIONED THAT, UH, 20% IS THE, UH, MAXIMUM AND THAT'S CORRECT.

WHAT, HOW, HOW, HOW IS THAT SET? WHO SETS THAT? UH, I'M SORRY, I DIDN'T CATCH THE LAST PART.

HOW WAS THAT 20% MAXIMUM SET BY WHOM OR WHAT? THAT THAT IS SET BY THE, THAT THE MAXIMUM IS SET BY THE STATE LEGISLATURE.

SO THAT'S, UH, THAT MAXIMUM IS SET BY THE STATE.

UH, THE CITY COUNCIL WOULD'VE TAKEN ACTION TO ADOPT THAT 20%, UM, PREVIOUSLY.

SO YOU DON'T HAVE TO HAVE THE OPTIONAL HOMESTEAD EXEMPTION.

UM, IT CAN BE ANYWHERE FROM 0% TO 20%, BUT IT CAN'T BE OVER 20%.

AND CAN YOU TELL ME ABOUT THE HISTORY OF HOW WE GOT TO 20% IN ADDISON, OR DID WE START AT 20%? UM, I WOULD HAVE TO GO BACK AND, AND LOOK AT THE ORDINANCE, BUT I BELIEVE IT'S BEEN 20% FOR QUITE SOME TIME.

I'M THINKING SOMETIME IN THE EIGHTIES, BUT I WOULD HAVE TO GO BACK AND, AND RESEARCH THAT.

I DON'T KNOW THAT OFF THE TOP OF MY HEAD.

AND I WOULD ASK YOU THE SAME QUESTION ABOUT THE 65 AND OLD, UH, 50,000, UH, VALUE.

YEAH, I, I WOULD'VE TO LOOK INTO THAT AS WELL.

AS FAR AS I KNOW, I'M NOT SURE THAT THAT'S BEEN CHANGED, UH, IN QUITE SOME TIME AS WELL.

RIGHT.

WELL, CERTAINLY THE, UH, UH, THIS TAX BREAK IS, UH, IS USED TO ATTRACT AND RETAIN SENIORS IN OUR TOWN.

SO I WANNA ASK OUR COUNCIL TO TAKE A GOOD LOOK, GOOD LONG LOOK, AND, UH, I WANNA HEAR SOME COMMENTS ON, ON, UM, THIS PROPOSED, UH, UH, ELEVATION OF THIS, UH, EXEMPTION.

ANYTHING ELSE? JUKU? NO, SIR.

AND MAR UH, MARLEY, I'VE GOT A QUESTION, STEVEN.

UM, YOU'VE GOT A CHART HERE, SENIOR EXEMPTION COMPARISON.

CAN YOU GO TO THAT CHART? THERE YOU GO.

AND, UM, HELP ME ON OUR, IT SAYS COMPARATOR CITIES AND AN AVERAGE SENIOR EXEMPTION PERCENTAGE DIFFERENCE WITH OUR COMPARATOR CITIES.

UM, DOES THAT INCLUDE DISABLED? NO, THIS IS JUST THE SENIOR EXEMPTION.

AND WHAT DO YOU, WHAT DO YOU HELP ME WITH THAT MINUS 39.5% YOU'RE SAYING? RIGHT, SO WE'RE AT 50% OR WE'RE AT $50,000.

I'M SORRY.

AND THEN THE AVERAGE, UM, THERE IS AT IS $82,667.

SO IT'S 39.5% BELOW THAT 82,667 NUMBER.

AND YOU STARTED WITH WE ARE, WE ARE AT 52,000.

WE'RE, WE ARE AT 50,000.

SO 50,000 AS A PERCENTAGE OF THAT 82,000 IS, IS 39% LESS THAN THE 82,000, BUT THAT'S ONLY INCLUDING THE, UH, OKAY.

JUST THE SENIOR EXEMPTION.

AND THAT'S EXCLUDING UNIVERSITY PARK IN, IN THAT EXAMPLE.

SO YOU'VE, YOU'VE INCLUDED THE 20% PLUS THE $50,000 IN THAT.

NO, THI THIS IS JUST COMPARING THE DOLLAR AMOUNTS THAT ARE OFFERED AS FAR AS THE SENIOR EXEMPTION FOR THE COMPARATOR CITIES AND THEN ALSO THE DALLAS COUNTY CITIES.

IN, IN THAT, IN THAT COMPARISON, YEAH, THOSE ARE, SO I, I KIND OF DID THAT HERE JUST TO ILLUSTRATE WHAT EVERY OTHER COMPARATOR CITY OFFERS, BUT THOSE ARE OFFERED ON A PERCENTAGE BASIS AND THEN THE OTHER ARE OFFERED ON A DOLLAR BASIS.

SO THIS DOESN'T INCLUDE ANY, ANY OF THE DISABLED EXEMPTIONS OR ANY OF THE OPTIONAL HOMESTEAD.

WHY HELP ME, WHY WOULDN'T WE INCLUDE THE OPTIONAL HOMESTEAD EXEMPTION? WELL, WELL

[01:45:01]

UM, SO WITHOUT, YOU KNOW, IT, IT, IT'S KIND OF, WOULD BE PRETTY IMPOSSIBLE TO, TO INCLUDE THAT PERCENTAGE ON TOP OF THAT.

BUT, UM, SO, SO THAT, THAT'S WHY, BUT I, I PUT THIS HERE FOR ILLUSTRATIVE PURPOSES, LIKE YOU CAN SEE SOME CITIES, LEWISVILLE, YOU KNOW, MCKINNEY, SOME OF THEM DON'T HAVE A HOMESTEAD EXEMPTION AT ALL.

UM, SO I MEAN, THAT PLAYS INTO THEIR TAX RATE.

YOU KNOW, THEY MAY HAVE A LOWER TAX RATE, BUT, YOU KNOW, YEAH, I'M, I'M PRETTY, UH, SURPRISED WHEN I LOOK AT, UH, TO YOUR POINT, WHEN I LOOK AT LIKE PLANO AND, UH, FRISCO, UM, MCKINNEY.

, YOU KNOW, WE'RE LOOKING, I WOULD MUCH RATHER HAVE WHAT WE HAVE THAN WHAT, WHAT THEY'RE OFFERING FOR OUR SENIORS, BUT, UH, OKAY.

I JUST, I I DIDN'T UNDERSTAND THE, UH, UH, THAT CALCULATION 50.

YEAH, THIS IS JUST LOOKING ONLY AT THAT DOLLAR AMOUNT THAT'S OFFERED IN THAT SENIOR EXEMPTION, UH, A AGE 65 AND OLDER COLUMN.

ANYTHING ELSE? MARLON? NO SIR.

SORRY NANCY.

UM, YES, UH, YOU'VE SHOWN US HERE, UH, STEVEN, THE TAX RATE IMPACT THAT, UH, THESE DIFFERENT LEVELS OF ADDITIONAL EXEMPTION, UM, AND THE NEED FOR THE REVENUE REALLOCATION, WHAT OTHER SOURCES MIGHT, MIGHT BE CONSIDERED AS OPPOSED TO JUST A, A TAX RATE? YEAH, I MEAN IT COULD BE, I MEAN, YOU KNOW, THIS COULD, YOU KNOW, IF WE GOT THROUGH THE BUDGET PROCESS AND SAID WE WANNA ABSORB THIS WITH ANOTHER SOURCE, UH, THAT, YOU KNOW, IS SOMETHING WE COULD CERTAINLY LOOK AT.

I WAS JUST TRYING TO ILLUSTRATE THAT TO GENERATE THE SAME AMOUNT OF PROPERTY TAXES AS THE PREVIOUS YEAR WITH THIS EXEMPTION.

RIGHT.

THE PROPERTY TAX WOULD BE, THERE ARE OPTION, THERE ARE OTHER OPTIONS.

THERE ARE FAR OPTIONS.

IT DOESN'T HAVE TO BE TO ADDRESS THAT REVENUE REALLOCATION.

ABSOLUTELY.

OKAY, THANK YOU.

DID, DO YOU HAVE SOMETHING EILEEN? I FOUND MY ANSWER.

VERY GOOD, DARREN.

SO WHAT IS THE, UM, ON THE REVENUE REALLOCATION, I THINK YOU SAID FOR THE REST OF THE POPULATION, WHAT IS THAT PER 10,000? UH, PER 10,000 IS JUST UNDER $48,000.

SO BASICALLY THOSE FOR THE, UH, INDIVIDUALLY INDIVIDUAL, UH, THAT'S, THAT'S IN TOTAL.

SO IN TOTAL, THE 783 SENIOR EXEMPTIONS THAT WE CURRENTLY HAVE ON THE BOOKS, THEY WOULD SEE $48,000 IN TOTAL PROPERTY TAX SAVINGS.

AND THEN EVERY OTHER PROPERTY IN TOWN WOULD ABSORB, ASSUMING THAT THE, YOU KNOW, YOU WERE TRYING TO GENERATE THE SAME AMOUNT OF PROPERTY TAX WOULD ABSORB THAT $48,000 THROUGH THEIR PROPERTY TAXES.

I THOUGHT YOU MENTIONED A NUMBER I I IN PASSING.

YEAH, FOUR FOUR.

AND, AND I DIDN'T PUT THIS ON HERE, BUT I HAD DONE THE MATH ON IT FOR, UM, THE OTHER SINGLE FAMILY HOMES THAT DON'T, OR THE OTHER RESIDENTIAL PROPERTIES THAT DON'T HAVE A HOME SET OR DON'T HAVE A SENIOR EXEMPTION, IT WOULD BE ABOUT $3 AND 50 CENTS, UH, PER YEAR FOR THOSE PROPERTIES.

PER 10,000.

SO IF WE WENT TO THE 50,000, ADDED THAT TO THE 50, WE HAVE TO MAKE IT A HUNDRED, UH, TO BE COMPETITIVE FOR THEIR OTHER CITIES, UM, IT WOULD BE FIVE TIMES $3 AND 50 CENTS THAT THE REST OF US WOULD HAVE TO BURDEN.

THAT'S CORRECT.

US YOUNG FOLKS, RIGHT? THAT'S CORRECT.

LENS VERSUS THE OTHER TWO LENSES? YEAH.

SO THAT'S $18, $17, 15 50 CENTS.

17, 17 50.

AND NANCY, YOU ALREADY ANSWERED THE, ASKED THE QUESTION ABOUT WE DON'T HAVE TO FUND IT THAT WAY.

I LIKE THE WAY THAT YOU, YOU SHOWED IT AND, AND CONSIDERED IT BECAUSE IF THE SENIORS DO WANT, OR WE WANNA GIVE THE SENIORS A TAX BREAK, WELL HOW DOES IT AFFECT EVERYBODY ELSE IN THE TOWN? AND THAT'S REALLY A GOOD PERSPECTIVE, SO THANK YOU FOR BRINGING IT UP.

YEAH, I INCLUDED THAT AS WELL.

SO WHEN YOU, WHEN YOU DO AN EXEMPTION, WHEN YOU ADD AN EXEMPTION OR CHANGE IN EXEMPTION, THE, UH, THE WAY THE PROPERTY TAX RATE IS CALCULATED IS THAT THEY'LL ASSUME THAT YOU BASICALLY HAD THAT EXEMPTION IN THE PREVIOUS YEAR.

SO THEY'LL BASICALLY CREDIT YOU FOR OFFERING THAT EXEMPTION.

SO YOU, WE WOULD SEE IN OUR TAX RATE CALCULATION, SOME, YOU KNOW, SOME BASICALLY CREDIT OF A SIMILAR AMOUNT THAT'S IN THE, IN THE FAR RIGHT COLUMN, UM, FOR OUR PROPERTY TAXES.

SURE.

NOW, IT DOESN'T MEAN YOU HAVE TO ADOPT THAT AMOUNT THAT INCLUDES THAT, BUT IT'S JUST SOMETHING THAT IS, IS INCLUDED IN THAT.

AND THE REASON WE'RE FOCUSING ON THE SENIOR ASPECT OF THIS VERSUS DISABLED AND THE HOMESTEAD IS BECAUSE THAT'S WHAT WE TALKED ABOUT BACK IN BUDGET TIME, WAS CAN YOU EVALUATE THIS BASED ON THE SENIOR EXEMPTION

[01:50:01]

AND LIKE I SAID, WE'RE, WE'RE MAXED ON THE HOMESTEAD EXEMPTION.

SO WE, AND YOU COULD MOVE IT DOWN.

I WOULDN'T RECOMMEND THAT, BUT YOU CAN'T MOVE IT UP.

UM, AND THEN, UH, FOR DISABLED PERSONS, WE HAVE I THINK 13 OF THOSE EXEMPTIONS IN TOWN.

SO IT'S A VERY SMALL AMOUNT, UM, THAT, YOU KNOW, TO BE HONEST WITH YOU, IT'S NOT A LOT OF TAXABLE VALUE FROM THOSE ANYWAY, BECAUSE THERE'S OTHER EXEMPTIONS BEING APPLIED, APPLIED TO THOSE PROPERTIES.

SO WITH THE SENIOR EXEMPTION, THERE ARE 783 PROPERTIES CURRENTLY THAT HAVE THAT EXEMPTION.

SO IT'S A, IT'S A PRETTY, IT'S ABOUT A THIRD OF YOUR RESIDENTIAL BASE THAT HAS A, UH, SENIOR EXEMPTION.

UM, BUT YOU KNOW, ALSO WE'RE TALKING ABOUT, YOU KNOW, OTHER THAN 13 PROPERTIES, IT, IT ENDS UP BEING REAL DOLLARS WHEN THERE'S 783 OF 'EM.

UNDERSTAND.

THANK YOU, STEVEN, THIS REALLY COMPREHENSIVE GOOD EXPLANATION AND REALLY GOOD FOLLOW UP TO OUR QUESTIONS, UH, THAT YOU'VE ALREADY PROVIDED.

DARREN, ANY OTHER QUESTIONS? YEAH, I'VE GOT A QUESTION FOR STEVEN.

THANKS AGAIN FOR ALL THE DETAILS AND I, I JUST CAN'T EVEN IMAGINE.

I, I, I ENVY YOU AND, UH, NANCY FOR BEING NUMBER RELATED PEOPLE.

SO BACK TO NANCY'S POINT, KNOWING THIS IS TIME SENSITIVE AND WE HAVE TO REPORT, UM, TO THE APPRAISAL DISTRICT, WHAT OTHER OPTIONS HAVE BEEN USED IN YOUR PAST EXPERIENCES TO OFFSET THESE DIFFERENCES? WE'RE TALKING ABOUT 17, $18 TO THE OTHER RESIDENTS.

I'LL, I'LL JUMP IN ON THAT ONE.

UH, COUNCIL MEMBER, YOU KNOW, I MEAN, IT'S, IT'S COMPLICATED, BUT IT'S REALLY NOT THAT COMPLICATED.

IT'S, IT'S, IT'S JUST, IT'S A PIE, RIGHT? AND WHEN YOU HAVE SOMETHING, IF YOU'RE SAYING, HEY, YOU PICK A NUMBER THERE AND THAT'S WHAT WE WANT TO MAKE UP FOR, YOU EITHER CUT COSTS BY THAT AMOUNT OR YOU LOOK FOR OTHER REVENUE SOURCES.

AND WHEN YOU'RE LOOKING AT THE GENERAL FUND, IT'S REALLY KIND OF SALES TAX.

WE KIND OF SAY, HEY, MAYBE OUR SALES TAX IS COMING IN HIGHER AND THAT NEGATES THE NEED TO GO UP IN PROPERTY TAXES.

UM, WE DON'T REALLY HAVE THAT MANY, I MEAN, THERE'S OTHER FEES IN THE GENERAL FUND THAT WE COULD LOOK AT, BUT THAT'S, YOU KNOW, IT'S GONNA BE CUTTING COSTS OR, UM, OR LOOKING AT SALES TAX TO KIND OF RELY ON THAT INCREASE.

BUT THIS ISN'T SOMETHING WHERE YOU CAN JUST CHANGE FUNDS.

WE'VE GOTTA KEEP THIS WITHIN THE GENERAL FUND.

WE CAN'T GO LOOK TO THE HOTEL FUND OR ANY OTHER FUNDS.

CORRECT? THAT'S CORRECT.

THIS IS A GENERAL FUND CONVERSATION.

THANK YOU FOR THE CLARIFICATION.

ANY OTHER QUESTIONS? WELL, OBVIOUSLY THIS IS NOT AN ACTION ITEM.

DAVID, WHAT DO YOU NEED FROM US TONIGHT? IT'S NOT A FORMAL ACTION ITEM, BUT YOU KNOW, WE NEED DIRECTION.

UM, WHETHER THAT'S NOTHING, WHETHER THAT'S COME BACK IN A MONTH OR IF YOU'RE READY TO TELL US A, A NUMBER, BUT YOU KNOW, TO STEVEN'S POINT, IF WE, IF THE GOAL IS TO TRY TO GET IT OUT IN THOSE FIRST NOTICES TO GO OUT, WE NEED THE ACTION PRETTY SOON.

IF NOT, WE CAN WAIT A COUPLE MONTHS BEFORE WE GET IN THE BUDGET.

UM, IF WE WAIT TOO LONG, WE GET INTO THE SUMMER, THEN REALLY IT BECOMES A NEXT YEAR CONVERSATION.

SO WHAT WE NEED IS ONE OF THOSE THREE OPTIONS.

HEY, YOU'RE READY TO TELL US A NUMBER, COME BACK X AMOUNT OF TIME OR NOT READY TO TO MOVE FORWARD THIS YEAR.

I SEE TWO GREEN LIGHTS DOWN THERE, ONE THERE, OR WHOEVER WANTS TO GO FIRST.

SURE.

THE ONLY THE, IT WOULD HELP ME TREMENDOUSLY ON THIS AVERAGE SENIOR EXEMPTION THING, IF WE HAD THE, WHAT WE'RE DOING RIGHT NOW WITH OUR HOMESTEAD EXEMPTION CALCULATED IN, INTO THAT.

SO I'D GET A BETTER, BETTER PERSPECTIVE OF WHERE WE'RE AT VERSUS OUR COMPARATOR CITIES.

I'M NOT ASKING FOR ALL OF DALLAS COUNTY, BUT, BUT I DO, I DO LIKE WHAT WE WERE FOCUSED ON WITH OUR COMPARATOR CITIES MINUS WHAT, WHAT UNIVERSITY PARK IS DOING.

YOU, YOU NEED SOME I'M, WHAT ARE YOU, WHAT ARE YOU ASKING FOR WITH THAT MARLON? UH, SO RIGHT NOW I DON'T THINK WE'VE GOT A, UM, I DON'T HAVE A FEEL FOR WHERE WE'RE AT IN THE MARKETPLACE BECAUSE OUR 20% HOMESTEAD EXEMPTION IS NOT CALCULATED INTO THE, INTO THE FORMULA.

I THINK, I THINK WHAT YOU'RE PROBABLY ASKING FOR IS YOU WANNA SAY, HEY, A SENIOR HAS A $400,000 HOUSE.

HOW ARE THEY IMPACTED EACH OF THE, EACH OF THE COMPARATOR CITIES WITH BOTH THE HOMESTEAD AND THE SENIOR? CORRECT.

OKAY, SURE.

THEY CAN PUT THAT SCENARIO TOGETHER.

COMPARATIVE CITIES, IT'S EASY TO LOOK AT THAT COLUMN OF THESE, OF THE, UH, SENIOR EXEMPTION.

THANK YOU, NANCY.

WELL, I JUST HAVE A, A, A COMMENT AT THIS POINT AND, UM, THAT I, I WOULD LIKE TO SEE US, UH, MOVE CERTAINLY CLOSER TO THE COMPARATOR CITIES IF, UM, IF NOT BE, YOU KNOW, MATCH SOMETHING LIKE, UH, CAL PAL OR FARMER'S BRANCH.

SO, AND I WILL SAY THOUGH THAT I'M, I'M NOT, UH, SET ON, I KNOW A LOT OF THESE, UM, CITIES HAVE DONE IT OVER TWO YEARS OR SOMETHING LIKE THAT.

AND, AND I THINK THAT WOULD BE ACCEPTABLE ALSO.

AND ONE THING TO CONSIDER WHEN YOU LOOK AT THAT, YOU KNOW, THE

[01:55:01]

BUT YOU, IF YOU PUT THE HOMESTEAD NEXT TO THE SENIOR, YOU KNOW, WE'RE AT THE MAX ON THE HOMESTEAD AND 50,000 ON THE, ON THE SENIOR, AND THERE'S A LOT OF 'EM THAT HAVE, YOU KNOW, A HIGHER SENIOR, BUT ONLY 5% OR ZERO ON, ON THE HOMESTEAD AND THE HOMESTEAD APPLIES TO ALMOST EVERYBODY.

AND SO, SO I REALLY LIKE SEEING THAT.

AND SO I DON'T, I DON'T REALLY THINK, I DON'T FEEL LIKE WE'RE THAT FAR OUTTA LINE, UH, WITH WHERE WE ARE, UH, WITH THE, WITH, BUT JUST BY LOOKING AT THIS AND YOU KNOW, I THINK LOOKING, THINK LOOKING AT THE, UH, SCENARIO THAT MARLON MENTIONED I THINK WOULD PROBABLY BE HELPFUL, BUT, BUT I DON'T REALLY FEEL LIKE WE'RE OUTTA WHACK TOO MUCH HERE.

OTHER COMMENTS, DARREN? UM, I THINK THE, UM, THE COST TO, UH, TO INCREASE IT TO MATCH FARMER'S BRANCH, OUR NEIGHBORS, FARMER'S BRANCH, CARROLLTON, UM, AND YEAH, FARMER'S BRANCH CARROLLTON IS A SMALL COST AND UH, HOWEVER WE PAY FOR IT FUNDED OUTTA GENERAL FUND OR OUT OF, UM, THE OTHER, UH, TAXPAYERS, UH, OUT OF GENERAL FUND KIND OF GOES TO THE PHILOSOPHY OF, UH, BUSINESS PACE FOR A LOT OF THIS TOWN.

AND THIS IS A BENEFIT THAT WE CAN HAVE, UH, LIVING IN THIS TOWN.

UH, AND I'M A PRO-BUSINESS GUY, SO, UH, I WOULD BE IN FAVOR OF, UM, MOVING IT UP, UH, 80,000 OR A HUNDRED THOUSAND.

I MEAN THOSE ARE KIND OF ARBITRARY NUMBERS, BUT THOSE, THAT'S WHERE I'M LEANING.

ANYTHING ELSE? MAYOR? YES.

IS IT GQ? MAYOR? I THANK YOU MAYOR.

UH, AFTER LOOKING AT THIS, UH, CHART, I'M OF THE OPINION THAT WE SHOULD, UH, OF COURSE STAY COMPETITIVE WITH FARMER'S BRANCH CARROLLTON.

UH, AND UH, I'D LIKE TO GET SOME HISTORICAL INFORMATION ON THE, UH, ON HOW WE GOT TO THE 50,000 FROM, UM, FROM STAFF.

BUT I WOULD, I WOULD LIKE TO SEE US GET, UH, GET COMPETITIVE IN THAT.

I DON'T THINK WE NEED TO GO RIGHT TO THE TOP OF THE A HUNDRED THOUSAND, BUT I'D LIKE TO SPLIT THAT DIFFERENCE OF THE TOP TWO, UH, CARROLLTON AND FARMER'S BRANCH, WHICH WOULD BE 93 5.

I'D LIKE TO SEE, I'D LIKE TO SEE THE COMPUTATION ON, ON THAT NUMBER BEFORE WE MAY MAKE A DECISION.

OTHER COMMENTS? YEAH, I WOULD LIKE TO SEE US LOOK AT THAT AS WELL.

UM, CERTAINLY CARLTON COPPEL FARMERS BRANCH I THINK ARE PROBABLY BETTER COMPARATOR CITIES FOREST US THAN, UM, GRAPEVINE OR PLANO OR RICHARDSON.

SO, UM, I THINK JUST LOOKING AT THOSE FOR COMPARISON PURPOSES WOULD BE VERY HELPFUL.

YEAH, AND, AND I WOULD SAY, UM, YEAH, OBVIOUSLY CAROL AND FARMER BRANCH, UH, THEY'RE, THEY'VE GOT A, A BETTER SITUATION FOR THE SENIORS ON THAT.

AND THE SAME ON THE, UH, HOMESTEAD.

UH, CAPELLE, UH, THEY'RE ONLY DOING 5% ON A HOMESTEAD, WHICH THAT'S, THAT'S A PRETTY LARGE AMOUNT BECAUSE THEY HAVE A PRETTY LARGE AMOUNT OF, UH, RESIDENTS THERE.

UM, AS WELL, A LOT OF HOMESTEAD FOLKS.

SO I WOULD SAY THAT THEY'RE PROBABLY, THAT, THAT THEIR, THEIR IMPACT, UM, IS PROBABLY LESS THAN OURS IS WITH WHAT WE'RE DOING.

THE OTHER THING THAT I'D LIKE TO SAY IS THAT IF, HOPEFULLY THIS WON'T TAKE YOU TOO LONG TO PUT TOGETHER, BUT I WOULD LIKE FOR US TO LOOK AT IT AT THE NEXT COUNCIL MEETING AS AN ACTION ITEM.

OKAY, GOOD IDEA.

I'D BE UP FOR THAT, DARREN, THAT TEAM.