Feb 27, 2024 Work Session and Regular Meeting

BECAUSE THERE WERE SOME THAT DIDN'T REACH THE STRATEGIC OBJECTIVE LEVEL, BUT WERE STILL IMPORTANT TO CITY COUNCIL, SO WE'RE TRYING TO WORK THOSE IN.

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JUST DIDN'T KNOW WHAT THE HIGHLIGHT PART ARE.

BRIGHT YELLOW OR, THAT'S A GOOD QUESTION.

UH, CAN YOU GO BACK A FEW SLIDES TO THE KEY FOCUS AREA OF PUBLIC SAFETY? OKAY.

WHEN I WENT THROUGH THOSE, I'M LOOKING AT A PICTURE FROM, FROM WHAT WE CONCLUDED THAT DAY.

AND UM, SO WHAT I DON'T SEE ON ON THIS IS LEVERAGING TECHNOLOGY TO ADDRESS ISSUES.

AND AGAIN, THIS IS PUBLIC SAFETY.

I ACTUALLY THINK YOU'RE RIGHT ON THAT BECAUSE, AND THEN UNDER IT WAS REALLY A LITTLE UNUSUAL UNDER THAT ONE THERE WAS LIKE TWO BULLET POINTS, PROTECT LIVES AND PROPERTY, AND THEN, UH, YOU, YOU ARE CORRECT.

ALRIGHT.

UM, IN THE, WE MISSED THAT ON THIS SLIDE.

CAN WE, WE DO HAVE IT IN THE DOCUMENT WE CAN ADD.

ALRIGHT.

CORRECT.

IT WOULD, SO HE, THE BULLET POINT, THE STRATEGIC OBJECTIVE WAS LEVERAGE TECHNOLOGY TO ADDRESS ISSUES RIGHT HERE.

SO YOU'LL BE ADDING THAT.

SO DEVELOPING THE, THE INITIATIVES IS GOING TO CONTINUE AFTER WE'VE APPROVED THE STRATEGIC PLAN NEXT WEEK.

YOU KNOW, AND JUST TO TOUCH ON MOST OF THESE INITIATIVES, I MEAN REALLY ALL OF THE CURRENT INITIATIVES AND PROJECTS ARE THINGS THAT ARE ALREADY BEING WORKED ON THAT HAVE BEEN BUDGETED.

WE'RE JUST KIND OF TRYING TO UPDATE IT AND MAKE IT FIT HERE.

SO THAT'S JUST AN EXERCISE WITH STAFF.

UM, ALTHOUGH THERE ARE SOME THINGS THAT I THINK YOU'LL SEE THAT ARE NEW, THERE ARE SOME THINGS THAT WE'VE BEEN WORKING ON THAT JUST HAVEN'T, AND Y'ALL DON'T EVEN KNOW THAT WE'RE WORKING ON IT.

RIGHT.

SO THIS WILL BE AN OPPORTUNITY TO SEE THOSE AND CERTAINLY JUST GEARS US PERFECTLY FOR THE NEXT BUDGET HERE.

GOOD.

BUT I'M, I, AND CERTAINLY AGAIN, WANNA PRAISE VALENCIA'S WORK.

SHE, I MEAN SHE'S THE REASON THAT WE'RE AT THIS POINT WHERE WE'RE PRETTY CLOSE ON INVISIO, A LOT OF THE LEG WORK THAT WENT INTO IT, IT, AND IN OTHER CITIES THAT'S TWO OR THREE PEOPLE.

SO A LOT OF CREDIT TO VALENCIA FOR THAT.

BUT I THINK WHEN YOU SEE THE END RESULT OF THAT, YOU'RE GONNA SEE A MUCH BETTER REPORTING SYSTEM.

YOU'RE GOING TO SEE THE REPORTING ON A QUARTERLY BASIS AND ULTIMATELY KINDA EVEN MORE LIGHTLY, WELL, YOU ACTUALLY KNOW WHERE THESE PROJECTS ARE, WHERE YOU DON'T HAVE TO ASK WHAT'S GOING ON WITH MIDWAY OR WHAT'S GOING, YOU JUST CAN SEE IT RIGHT THERE.

UM, AND SHANNON IN HERE, SORRY FOR BRINGING UP MIDWAY , BUT I, IT'S GONNA BE A GREAT TOOL.

I THINK IT'LL BE REALLY IMPRESSED WITH YES.

GOOD.

THANK YOU, VALENCIA, BECAUSE THAT, THAT IS GONNA BE GREAT AND IT JUST MAKES PERFECT SENSE THAT WE SHOULD HAVE THAT AT OUR FINGERTIPS AND THAT WE WILL AND ARE THE RESULTS AVAILABLE GONNA BE AVAILABLE ON THE WEBSITE OR IS THAT SOMETHING THAT'S ONLY FOR COUNCIL? I THINK THAT'S THE ULTIMATE GOAL IS FOR ALL OF THOSE TO BE ON THE WEBSITE.

SO IT, IT IS A PROCESS, BUT THE GOAL IS THAT IT'S AN INTERACTIVE TOOL.

YOU GO ON THE WEBSITE, YOU CAN SEE WHERE WE ARE IN ALL THESE AND, AND THEY'LL HAVE COMPLETION, ESTIMATED COMPLETION DATES.

AND I DON'T WANNA GET TOO FAR AHEAD, BUT EVEN LIKE GREEN AND YELLOW AND ARE WE ON PACE, ARE THERE ISSUES? AND IF THERE ISSUES YOU CAN SAY, OH, WHY ARE THERE ISSUES? SO, UM, IT'S A GREAT TOOL BOTH, IT'S ONE OF THOSE TOOLS THAT'S BOTH INTERNALLY TO HELP MANAGE, BUT ALSO EXTERNALLY TO BE MORE TRANSPARENT ABOUT OUR PROJECTS.

AND IT PROBABLY EVEN BRINGS A, A LITTLE BIT OF AN ACCOUNTABILITY INTO PLAY TOO, RIGHT? IF YOU PUT IT OUT THERE.

I, I, I WOULD, I WOULD JUST COMMEND COUNCIL BECAUSE IT WAS A VERY, AS WE TALKED ABOUT AT THE END OF THE MEETING, IT WAS A VERY PRODUCTIVE STRATEGIC PLANNING SESSION AND WE REALLY HAVE A GREAT STRUCTURE NOW TO REALLY FIT THESE IN.

AND I THINK WE'RE IN VERY GOOD SHAPE.

SO THANK YOU FOR ALL YOUR, UM, YOUR FEEDBACK AND JUST YOUR PARTICIPATION.

IT BEEN A LOT.

WELL I THOUGHT THE WHOLE STRATEGIC PLANNING SESSION WENT REALLY WELL.

I ENJOYED THE, THE DISCUSSION.

I ENJOYED THE DISAGREEMENTS AND, AND ALL THE CONVERSATION BECAUSE WE, BUT WE GOT TO A GOOD PLACE AND IT WAS ALL DONE VERY CIVILLY AND LIKE ADULTS.

HOW ABOUT THAT? HOW ABOUT SORT OF CONCEPT REALLY WELL DONE.

DOESN'T HAPPEN MUCH.

I KNOW.

AND THEN JUST, JUST BEING ABLE TO WORK WITH STAFF THROUGH ALL THAT.

I THOUGHT THAT WAS GREAT IN INTO SMALL GROUPS AND, UH, ALL THE HARD WORK THAT, THAT YOU AND THE STAFF PUT INTO JUST REALLY GREAT, GREAT WORK.

I WOULD ADD THE CONSULTING TEAM DID A GREAT JOB.

YEAH, THEY WERE VERY GOOD.

THEY WERE VERY GOOD MOVING US THROUGH.

ITEM FIVE B PRESENTED, DISCUSS THE FY 2023 AUDIT AND ANNUAL COMP, COMPREHENSIVE FINANCIAL REPORT.

YOU KNOW, CONSENSUS DID A GREAT JOB.

NOW THAT WE'RE GOOD, WHAT ELSE YOU HAVE FOR US, SARAH? THAT'S ALL.

SO WE'LL BRING BACK A RESOLUTION TO NEXT WEEK'S COUNCIL MEETING.

GREAT, THANK YOU SO MUCH.

[b. Present and discuss the FY 2023 audit and Annual Comprehensive Financial Report (ACFR).]

A-C-F-R-I THINK USED CALL, THE COMPREHENSIVE ANNUAL WE CALL CER.

I CAN GO OVER, I'LL

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TELL YOU .

THERE'S A STORY.

THERE'S A STORY, BUT WE DON'T HAVE TO GO.

STEVE.

THANK YOU MAYOR AND COUNCIL.

STEVEN, THE CHIEF FINANCIAL OFFICER.

AND UH, THIS EVENING WE HAVE, UM, OUR AUDITOR, UH, FOR .

IS HERE AS WELL.

SO I'M GONNA, UH, JUST GIVE A BRIEF INTRODUCTION AND THEN KICK IT OFF, KICK IT OVER TO HER.

UH, SO WE HAVE OUR, UH, AUDITED FINANCIAL STATEMENTS COMPLETE.

UM, ONE THING I'D LIKE TO POINT OUT IS THAT THE AUDIT AND FINANCIAL STATEMENTS ARE PREPARED BY STAFF.

UH, THERE IS A REPORT IN THERE THAT IT'S THE, UH, AUDITOR'S OPINION.

SO THAT'S WHAT THE AUDITORS PREPARE.

UH, THEY ISSUE THE OPINION ON THE FINANCIAL STATEMENTS, WHETHER THEY'RE PRESENTED, UH, FAIRLY.

UM, BUT ALL OF THE WORK THAT GOES INTO THOSE FINANCIAL STATEMENTS, IT'S DONE BY ACCOUNT STAFF ARE PRIMARILY, UH, AMANDA TURNER AND HER TEAM.

AMANDA'S THE ACCOUNTING ASSISTANT FINANCE DIRECTOR AND SHE DOES AN AMAZING JOB WITH, UH, ALL THE ACCOUNTING TEAM PREPARING THE FINANCIAL STATEMENTS.

AND I THINK AT LEAST SINCE I'VE BEEN HERE, WE HAVE NOT HAD A SINGLE AUDIT ADJUSTMENT PROPOSAL EARLY ON, WHICH IS PRETTY AMAZING.

WHICH MEANS WHICH, UM, I'M NOT SURE.

I I'M NOT AN AUDITOR.

PRETTY AMAZING.

UM, SO, UH, WITH THAT, AND YOU KNOW, WE HAVE THIS ON WORK SESSION AND THEN ON THE CONSENT AGENDA, YOU HAVE AN ACCEPTANCE OF BEING, UH, COMPREHENSIVE ANNUAL COMPREHENSIVE REPORT.

TRIPPED ME UP A LITTLE BIT THERE, UM, FOR YOUR CONSIDERATION.

BUT AGAIN, I WANT THANK OF THE ACCOUNTING TEAM FOR THE AMAZING WORK.

I'M TOLD THERE'S A CLICKER.

PERFECT.

OKAY, WELL GOOD EVENING EVERYONE.

MAYOR COUNCIL, I SEE A FEW FAMILIAR FACES AND SEVERAL NEW, SO FOR THOSE THAT MAY BE, I HAVEN'T HAD A CHANCE TO MEET.

UH, MY NAME'S RACHEL SBY.

I'M A PARTNER WITH VUS.

WE WERE PREVIOUSLY EKD, UH, WENT THROUGH A MERGER, SEEMS LIKE IT WAS LAST YEAR OR THE YEAR BEFORE.

TIME FLIES BY.

UM, I GET A LOT OF JOKES THAT MY PICTURE IS MISLEADING.

APPARENTLY THIS WAS MY INTERIM PHOTO AND IT NEEDS TO BE UPDATED.

UM, I HAD A 7-YEAR-OLD, SO I FEEL LIKE I'M AGING, UH, EVERY DAY IT SEEMS LIKE.

BUT NONETHELESS, I'M HAPPY TO BE HERE AND EXCITED TO SHARE THE RESULTS WITH YOU.

UH, THIS IS JUST A LITTLE BIT ABOUT OUR FIRM.

YOU KNOW, WITH THE MERGER.

THIS DOES PUT US AS THE EIGHTH LARGEST FIRM IN THE COUNTRY.

YOU CAN KIND OF SEE OUR LOCATIONS.

UM, WE'RE PRETTY PROUD ABOUT THAT.

SO JUST KIND OF GOING OVER THE AGENDA FOR, FOR TONIGHT, WE'RE GONNA GO THROUGH THE AUDIT SCOPE AND THE RESULTS.

IT'S NOT AN ACCOUNTING AND AUDITING PRESENTATION.

IF WE DON'T TALK ABOUT WHERE GABY, WHO'S THE STANDARD SETTING BODY THAT YOU ALL FOLLOW, WHERE THEY'RE HEADED.

UH, WE'LL TALK A LITTLE BIT ABOUT JUST KIND OF KEY HIGHLIGHTS ON THE FINANCIALS THAT I THINK ARE IMPORTANT FOR YOU ALL AS THOSE CHARGED WITH GOVERNANCE TO KIND OF BE AWARE OF.

AND THEN WE WILL ROUND IT OUT WITH ANY QUESTIONS.

SO, UM, AS STEVEN ALLUDED TO, SO A LITTLE BIT OF MY FUNDER, UM, IN THE PACKET THAT YOU HAVE, UH, WE DID ISSUE CLEAN UNMODIFIED OPINIONS.

SO EVERY GOVERNMENTAL ENTITY WANTS TO STRIVE TO ACHIEVE THAT CLEAN UNMODIFIED OPINION.

THAT IS KIND OF THE HIGHEST LEVEL OF ASSURANCE THAT, UM, ANY ENTITY CAN RECEIVE.

AS I MENTIONED, I HAVE A 7-YEAR-OLD, SO I LIKE TO THINK OF THAT AS AN A A PLUS ON YOUR REPORT CARD.

RIGHT.

UM, AND THEN I DID NOT HAVE THIS IN MY SLIDES, BUT I JUST WANTED TO POINT OUT, 'CAUSE THIS GOES HAND IN HAND.

UH, THIS IS IN THE 200 PLUS PAGE DOCUMENT, THE APP FOR THAT YOU ALL RECEIVED.

BUT IN THE TRANSMITTAL LETTER, THERE IS A SECTION ON, UM, AWARDS AND ACKNOWLEDGEMENT AWARDS AND ACKNOWLEDGEMENTS.

AND, UM, I DO A LOT OF THESE PRESENTATIONS AROUND THE METROPLEX.

AND ONE OF THE THINGS IS THAT IN YOUR TRANS MAIL LETTER, YOU ACTUALLY DISCLOSE HOW MANY CONSECUTIVE YEARS THAT THE TOWN HAS RECEIVED THE GFOA AWARD.

SO THAT IS THE HIGHEST LEVEL OF RECOGNITION AND HONOR THAT A GOVERNMENTAL ENTITY CAN RECEIVE.

ANYBODY WANNA TAKE A GUESS AT HOW LONG THE TOWN OF ADDISON HAS CONSECUTIVELY RECEIVED THAT AWARD? 40.

SO I THINK SOMETIMES IT'S A LITTLE BIT TAKEN FOR GRANTED BY ALL OF US.

AND SO I THINK IT'S JUST IMPORTANT TO KEEP THAT IN MIND.

NOW, FOR 47 CONSECUTIVE YEARS, THIS TOWN AND THE FINANCE DEPARTMENT HAVE PUT TOGETHER AN ANNUAL COMPREHENSIVE FINANCIAL REPORT THAT IS MATERIALLY CORRECT AND HAS RECEIVED THAT AWARD.

SO SOMETHING TO BE VERY, VERY PROUD OF.

UM, OKAY, MOVING ALONG.

SO, UM, SOME OF THIS IS REQUIRED COMMUNICATION, SO I'LL TRY NOT TO BORE YOU.

UM, EVERY SET OF FINANCIALS CONTAINS ACCOUNTING POLICIES.

YOURS ARE DISCLOSED IN NOTE ONE.

A COUPLE OF THE THINGS THIS YEAR, UH, THE TOWN DID IMPLEMENT GASB 94 AND GS B 96.

UM, WE'VE TALKED A LOT THROUGH THE YEARS.

GS B'S BEEN VERY BUSY LAST YEAR.

YOU'VE IMPLEMENTED THE LEASE STANDARD VERY SIMILAR TO THE

[00:20:01]

LEASE STANDARD.

I DO NOT KNOW WHY GS B DID NOT DO THIS AT THE SAME TIME, BUT ANYTHING IN THE CLOUD.

SO IT ARRANGEMENTS THAT THE CITY HAS ENTERED INTO WHERE THEY'RE MULTI-YEAR AGREEMENTS, THAT STANDARD REQUIRED FOR THE TOWN TO PUT ON THE RIGHT TO USE THESE IT SOFTWARE AND ASSETS ALONG WITH THE COMMITMENT THAT OBLIGATION, UM, TO MAKE THOSE PAYMENTS.

SO REALLY JUST A HIGH LEVEL BALANCE SHEET IMPACT THERE.

AND ASSET LIABILITY, PROBABLY THE MOST NOTABLE ONE FOR YOU ALL WAS THE PUBLIC PRIVATE PARTNERSHIPS.

SO THIS STANDARD AND GA GS B DID NOT DEFINE WHAT IS A PUBLIC SERVICE.

IT REALLY SAID ANYTHING A GOVERNMENT DOES IS CONSIDERED A PUBLIC SERVICE.

UH, BUT P THREES DID HAVE A PRETTY BIG IMPACT.

UM, AND AGAIN, BALANCE SHEET ONLY, BUT IT WAS ABOUT 70 MILLION THAT WAS RECORDED IN RECEIVABLES AND DEFERRED INFLOWS PRIMARILY OUT OF THE AIRPORT.

SO YOU'VE GOT FOLKS THAT HAVE GROUND LEASES AND ON TOP OF THAT, THEY REQUIRE TO MAYBE MAKE CERTAIN IMPROVEMENTS.

AND OVER THE LAST OF THOSE AGREEMENTS, YOU'RE GONNA RECEIVE VALUE THROUGH THAT.

SO AGAIN, ALL OF THAT TO SAY WE'VE VETED IT OUT, IT WAS VERY COMPLEX AND YOU'RE UP TO DATE WITH ALL THE PR PRONOUNCEMENTS, UH, THAT HAVE BEEN ISSUED SO FAR.

UM, KIND OF MOVING ALONG, AS I MENTIONED, ALONG WITH ACCOUNTING PRINCIPLES, THERE'S ESTIMATES AND YOUR FINANCIAL STATEMENTS.

UH, EVERY ONE OF THESE WE TESTED, YOU KNOW, JUST TO MAKE SURE THAT THE ESTIMATES REPORTED THERE WAS A PROPER ALLOWANCE BASED ON HISTORICAL COLLECTIONS, UH, MAKING SURE THAT YOUR PENSION AND OPED LIABILITIES WORKING WITH KIND OF THE ACTUARY REPORTS TO MAKE SURE THAT THOSE INPUTS PUT INTO THOSE WERE COMPLETE AND ACCURATE.

SO AGAIN, UM, THESE ARE JUST KIND OF WHAT WE THINK ARE ESTIMATES IN YOUR FINANCIALS.

AND WE ANALYZED ALL OF THESE TO MAKE SURE THAT THE FINANCIALS WERE MATERIALLY CORRECT AS STEVENS TOLD MY THUNDER AS WELL.

UM, IT'S VERY RARE THAT I GET TO STAND UP AND GET A PRESENTATION WHERE WE DIDN'T PROPOSE A SINGLE AUDIT ADJUSTMENT.

SO WHAT THAT MEANS IS THE REPORTS, THE INTERIM REPORTS THAT YOU RECEIVED THROUGHOUT THE YEAR, I BELIEVE THERE'S A QUARTERLY UPDATE AFTER ME.

UM, YOU CAN HAVE CONFIDENCE THAT THE REPORTS THAT YOU WERE GETTING ARE COMPLETE AND MATERIALLY CORRECT.

'CAUSE AT YEAR END WE KNOW THEY ARE BASED ON THE AUDIT.

UM, AGAIN, JUST A LOT OF, YOU KNOW, DURING THE AUDIT WE TALKED A LOT ABOUT THE IMPLEMENTATION OF THESE STANDARDS, WORKED WITH THE TEAM TO MAKE SURE THAT FOOTNOTE DISCLOSURES WERE PROPER AND JUST MAKING SURE THAT WE IMPLEMENTED THESE STANDARDS OR THE TOWN IMPLEMENTED THESE, UM, IN ACCORDANCE WITH GASSING.

I WON'T BORE YOU TOO MUCH.

THERE'S TWO MORE STANDARDS COMING DOWN THE PIPELINE AND ACTUALLY 2025.

SO NEXT YEAR SHOULD BE RELATIVELY QUIET FROM A-A-G-A-S-B STANDPOINT.

BUT IN 25 COMPENSATED ABSENCES, THE TOWN'S ALREADY RECORDING THESE, HOW THEY SHOULD, SO THIS IS NOT GONNA HAVE AN IMPACT.

AND THEN, UM, THERE'S GS B 1 0 2, WHICH IS CRAZY.

WHEN I STARTED WE WERE AT ABOUT GS B 54.

SO, UM, GS B'S BEEN VERY BUSY OVER THE LAST DECADE PLUS.

UM, BUT THIS IS JUST GONNA BE SOME DISCLOSURE REQUIREMENTS.

SO NOTHING BIG COMING DOWN THE PIPELINE THAT'S BEEN ISSUED THAT SHOULD HAVE A BIG IMPACT ON THE FINANCIAL STATEMENTS THEMSELVES.

UM, ANOTHER THING THAT I ALWAYS LIKE TO POINT OUT, NOT THAT I HAVE ISSUES OR CONCERNS, BUT JUST FROM A CYBERSECURITY STANDPOINT, UM, WE SAW THROUGH THE PANDEMIC THAT GOVERNMENTS WERE KIND OF THE MOST SUSCEPTIBLE TO CYBERSECURITY RISKS AND FRAUD.

SO I KNOW OUR GOVERNOR HAS IMPLEMENTED, UM, REQUIRED TRAINING FOR ALL OF YOU.

UM, SO THIS IS JUST YOUR FRIENDLY REMINDER AND PLUG THAT IF YOU HAVE NOT COMPLETED YOUR TRAINING, I THINK YOU HAVE UNTIL THE END OF AUGUST, MAKE SURE YOU'RE, YOU'RE GETTING THAT DONE.

UM, AND THEN A FEW FINANCIAL INDICATORS.

SO THE TOWN HAS ADOPTED A FINANCIAL STANDARD TO MAINTAIN A GENERAL FUND, MINIMUM FUND BALANCE OF 30% OF YOUR BUDGET AND EXPENDITURES.

AS YOU CAN SEE HERE ON THE SCREEN AT 9 30 23 UNSIGNED FUND BALANCE IN THE GENERAL FUND WAS ABOUT 20 MILLION.

AND THEN IF YOU COMPARE THAT TO FISCAL YEAR 24 ADOPTED BUDGET EXPENDITURES, YOU'RE AT 41.6%.

SO NOT ONLY DO YOU SIGNIFICANTLY EXCEED YOUR, YOU KNOW, MINIMUM FUND OUTS POLICY, WHICH IS VERY, VERY GOOD.

UM, GFOA, THEY'RE NOT A STANDARD SETTING BODY, BUT THEY'RE AN INDUSTRY BEST PRACTICE THAT A LOT OF GOVERNMENTS FOLLOW.

THEY RECOMMEND 60 DAYS, WHICH IS ABOUT 16%.

SO YOUR POLICY ALONE IS, IS MORE CONSERVATIVE THAN KIND OF INDUSTRY NORMS AND BEST PRACTICES.

SO SOMETHING TO BE PROUD OF.

UM, SO WANTED TO POINT THAT OUT.

AND THEN LAST BUT NOT LEAST, PENSION FUNDED STATUS IS ALWAYS, YOU KNOW, A TOPIC OF, UM, INTEREST.

AND SO YOU'LL SEE AT, AND IT'S IMPORTANT TO REMEMBER, UH, THE TOWN PARTICIPATES IN TMRS AND THEY ARE BASED ON CALENDAR YEAR MEASUREMENT YEAR.

SO ALL OF THIS INFORMATION IS AS

[00:25:01]

OF 12 31 22.

AND SO AT 12 31 22, WHICH IS IN YOUR FISCAL YEAR 23 FINANCIALS, UH, THE TOWN WAS 83% FUNDED.

SO AGAIN, VERY HEALTHY.

THERE'S NOTHING YOU CAN REALLY DO ABOUT THIS.

I MEAN, YOU'RE PUTTING IN THE ANNUAL REQUIRED CONTRIBUTIONS.

SO, UM, IF YOU LOOK AT OTHER PENSION PLANS ACROSS THE METROPLEX, I WON'T NAME NAMES, THEY'RE NOT THIS PERCENT FUNDED.

SO AGAIN, UM, SOMETHING TO BE PROUD ABOUT.

IT'S OKAY IF YOU NAME NAMES, I WON'T NAME NAMES .

UM, BUT WITH THAT I'VE DROPPED MY PEN.

BUT WITH THAT, HAPPY TO ANSWER ANY QUESTIONS THAT ANYBODY HAS.

JUST OUTTA CURIOSITY, UM, I WANNA MAKE SURE THAT I UNDERSTOOD WHAT YOU SAID.

IF YOU COULD GO BACK TO, UM, I THINK IT'S SLIDE 11 HAVING TO DO WITH THE COMPENSATED ABSENCES.

DID YOU SAY THAT WE'RE ALREADY ACCOUNTING FOR THOSE IN THIS MANNER? WE DO, YES.

OKAY, SO THIS SHOULD NOT AFFECT, WE WON'T SEE A CHANGE BECAUSE WE'RE ALREADY DOING IT.

OKAY, PERFECT.

CORRECT.

THIS THIS STANDARD.

SO YOU GOTTA THINK GASB IS FOR ALL GOVERNMENTAL ENTITIES.

SO FOR THE MOST PART, BY FAR AND LARGE MUNICIPALITIES ARE ALREADY ACCOUNTING FOR THIS.

THE CORRECT WAY OR THE WAY THEY'RE ISSUING THE STANDARD, THIS IS REALLY GOING TO IMPACT LIKE YOUR GOVERNMENTAL HOSPITALS, GOVERNMENTAL HEALTH DISTRICTS, THEY CURRENTLY DO NOT COUNT ACCOUNT FOR COMPENSATED ABSENCES AT ALL IN THIS MANNER.

IT'S NOT A, A LIABILITY ON THEIR FINANCIALS.

UM, UM, NOT A QUESTION, BUT JUST A STATEMENT GOING BACK TO, UM, AS FAR AS THE GREAT JOB THE DEPARTMENT IS DOING, UM, I HAVE SEEN BEEN THROUGH A LOT OF FINANCIAL AUDIT PROCESSES AND TO COME OUT WITHOUT A SINGLE, YOU KNOW, PROPOSED ADJUSTING JOURNAL ENTRY IS AMAZING.

SO, UM, WE THANK YOU VERY MUCH.

ABSOLUTELY.

WELL DONE.

I HAVE A QUESTION.

THIS IS PROBABLY FOR STEVEN.

ARE WE GO, IS THE TOWN CONSIDERING EARLY APPLICATION FOR THE GAS MEETING? NINE SIX AS IS RECOMMENDED HERE, OR ENCOURAGED? WE'LL GET GAS.

I'M SORRY, THAT IS A COMPLETE TYPO.

THAT, THAT, YEAH, THAT IS A TYPO.

WAS FICTITIOUS CHANGED BY ONE LITTLE CHARACTER.

UM, YES, THAT'S A TYPO ON MY BOTTOM SIDE.

SHOULD BE ONE.

SHOULD BE 1 0 1 0 1.

YEAH, IT SHOULD BE 1 0 1 SB 96.

WE IMPLEMENTED THAT, THAT WORKED RIGHT.

THERE SHOULD BE 1 0 1.

SO YOU, SO, UH, 1 0 1 MM-HMM.

, ARE WE DOING AN EARLIER APPLICATION OR WELL, THAT ONE WE ARE, WE ARE ALREADY PRESENTING THAT INFORMATION CORRECTLY.

SO THERE'S NOT, IT, IT'S ALREADY IN THERE.

SO BASICALLY WE'RE EARLY IMPLEMENTERS, I GUESS YOU CALL YES, YES, YES.

I'M SORRY.

ALL IN HERE.

IT'S 1 0 1 AND THAT BOTTOM BULLET DID NOT GET UPDATED.

SORRY.

THE OTHER THEN IS, UH, RISK ASSESSMENT.

CAN YOU ON ON PAGE 13? YEAH.

CAN YOU SPEAK A LITTLE BIT MORE TO THE MEETING, MEANING THE INCREASED CHALLENGES OF CYBERSECURITY WHERE IT SAYS IDENTIFY POSSIBLE THREATS TO THE ORGANIZATION? YEAH, SO THIS IS WHERE I WAS JUST SAYING, YOU KNOW, CYBERSECURITY REALLY NEEDS TO BE AT THE FOREFRONT OF EVERYTHING THAT WE ARE DOING.

YOU KNOW, YOU ALL AS COUNCIL MEMBERS AS WELL AS YOUR TEAMS, WE GET A, UM, ENORMOUS AMOUNT OF EMAILS, RIGHT? AND SO JUST MAKING SURE THAT WE'RE DOING OUR DUE DILIGENCE, WE'RE NOT CLICKING ON THINGS, WE'RE NOT PUTTING THE TOWN OR ANYONE IN JEOPARDY OF EXPOSURE TO CYBERSECURITY.

AND THEN WITH THIS RISK ASSESSMENT, THIS IS JUST REALLY LETTING YOU KNOW AS OUR FIRM THAT IF IF ANYBODY HAD ANY ISSUES OR CONCERNS, WE COULD COME IN AND DO A CYBERSECURITY RISK ASSESSMENT AND WE COULD COME IN AND IDENTIFY, UM, VARIOUS THINGS.

BUT BASED ON THE AUDIT, I DON'T HAVE ANY CONCERNS WITH YOU ALL.

I FEEL LIKE THERE'S GOOD, AND I KNOW BEFORE, UM, A FEW YEARS BACK, THERE WAS A, A ROBUST INTERNAL CONTROL.

UH, AN OUTSIDE CONSULTANT CAME IN AND DID A ROBUST ANALYSIS OF ALL THE TOWN'S, VARIOUS INTERNAL CONTROL PROCESSES, UM, WITH IT KIND OF BEING ONE OF THEM.

SO I DON'T HAVE ANY ISSUES OR CONCERNS FROM A CYBERSECURITY RISK STANDPOINT OTHER THAN LET'S JUST NOT LET OUR FOOT OFF THE GAS AND LET'S NOT FORGET THAT IT'S THERE AND THAT IT'S IMPORTANT AND THAT EVEN WE ALL GET EMAILS AND I KNOW SOMETIMES THEY'RE SPAM AND I FORWARD 'EM ON TO OUR DEPARTMENT.

AND SO JUST MAKING SURE THAT, YOU KNOW, WE, WE LIVE IN SUCH A FAST PACED WORLD AND SOMETIMES WE JUST MAY CLICK ON SOMETHING OR WE MAY RESPOND TO A VENDOR.

LIKE I'VE HAD SEVERAL INSTANCES WHERE OUR CLIENTS HAVE HAD A VENDOR COME AND SAY, HEY, CAN YOU CHANGE MY BANKING ACCOUNT, MY ROUTING INFORMATION? AND THEY THOUGHT, OH, I KNOW THIS PERSON.

I WAS JUST ON THE PHONE WITH THEM YESTERDAY, BUT THE EMAIL

[00:30:01]

AND YOU KNOW, $5 MILLION ENDS UP OVERSEAS, RIGHT? SO IT'S JUST KIND OF KEEPING ALL CYBERSECURITY FRAUD, ALL OF THAT KIND OF AT THE FOREFRONT.

WELL, I APPRECIATE KEEPING THAT FRONT OF MIND.

OUR IT DEPARTMENT, IT HELPS GUIDE US THROUGH THAT CERTAINLY.

AND THEY CHALLENGE US, UH, WITH TESTS, SO I'M SURE.

YEAH, THAT'S, I'M SAYING IF Y'ALL WORK ANYTHING BY HIRE FIRM, WE GET, UM, TESTS AND YOU NEVER WANNA BE THAT PERSON THAT'S CLICKING ON SOMETHING AND HAVING TO WALK DOWN TO THE PRINCIPAL'S OFFICE.

UM, SO I KEEP, I'M ALWAYS LIKE, IS THIS FOR REAL? LIKE, I HAVE TO REALLY LOOK AT THIS AND BEFORE I CLICK ON ANYTHING, NOW JUST WAS CHALLENGED.

SO, CHAD, CHALLENGING.

YOU MENTIONED, YOU MENTIONED THAT, UH, HERE SOMETIME IN THE PAST THAT THERE WAS A ROBUST INTERNAL CONTROL REVIEW AND YOU SPEAK TO WHEN WAS THAT AND, AND THEN WHAT DOES YOUR, WHAT DOES YOUR NORMAL AUDIT, UM, WHAT DOES IT TOUCH IN REGARD TO A REVIEW OF INTERNAL CONTROLS? YEAH, ABSOLUTELY.

SO PROBABLY SPEAKING OUTTA TURN, BUT I'LL SPEAK A LITTLE BIT.

SO I THINK IT WAS LIKE IN 2016, UH, 2016 MAYBE STARTED IN 24, MAYBE STARTED IN 2014, I THINK ENDED MAYBE IN THE 2016 WHO PERFORMED IT? CANTOR, DOES THAT SOUND FAMILIAR? YES.

TO ANYBODY THAT'S BEEN AROUND CANTOR WHO, OKAY, CANTOR CANTOR THAT, I DON'T KNOW IF IT'S CALLED CANTOR FINANCIAL OR WHAT THE RIGHT, THAT'S WHO IT WAS.

IT WAS AN, IT WAS AN OUTSIDE CONSULTANT, RIGHT? THEY CAME IN AND I BELIEVE THEY GAVE A TOWN BACK THEN 50 PAGE REPORT ON THINGS THAT COULD BE IMPLEMENTED.

UM, WE WERE NOT THE AUDITOR AT THAT POINT IN TIME.

AND SO, UM, I, SO WHEN WE CAME IN EVERY YEAR AS PART OF OUR AUDITS, WE GIVE THE ACCOUNTING AND FINANCE TEAM INTERNAL CONTROL QUESTIONNAIRES TO COMPLETE, UH, WITH EVERY SIGNIFICANT TRANSACTION CYCLE.

SO CASH RECEIPTS, CASH DISBURSEMENTS, PAYROLL, IT, UM, HR, YOU KNOW, EVERY KIND OF SIGNIFICANT TRANSACTION CYCLE, THEY FILL OUT THE QUESTIONNAIRE OR UPDATE IF THERE'S BEEN NO SIGNIFICANT CHANGES.

UM, AND THEN OUR TEAM WILL COME IN AND NOT EVERY THING ON THESE QUESTIONNAIRES CAN BE KEY CONTROLS.

SO WE REALLY DO KIND OF A RISK ASSESSMENT AND DETERMINE WHAT ARE THE KEY CONTROLS.

AND SO IF THEY SAY, OKAY, ONE PERSON PREPARES THE BANK REC AND ANOTHER PERSON REVIEWS IT, WE WOULD SELECT A TRANSACTION TO WALK THROUGH AND WE, EVERY YEAR WE WOULD SAY, OKAY, SHOW ME.

AND IT'S NOT JUST AT YEAR END AND THEY DON'T KNOW WHICH MONTH WE'RE GONNA PICK.

SO SHOW ME THE APRIL, 2023 BANK RECONCILIATION AND WE WANNA SEE THAT IT WAS PREPARED BY SENIOR ACCOUNTANT AND REVIEWED BY CONTROLLER.

UM, AND THAT'S JUST ONE EXAMPLE, BUT YOU KNOW, FOR EVERY SIGNIFICANT TRANSACTION CYCLE, AND SAME THING WITH CASH RECEIPTS, YOU KNOW, WHERE CASH PHYSICAL CASH IS COMING IN, UM, IS KIND OF THE MOST SUSCEPTIBLE.

SO WE'LL LOOK THROUGH THAT, LIKE WALKING THROUGH COURT, WALKING THROUGH UTILITY BILLING, UM, YOU KNOW, IF, IF EVERY, IF A SIGNIFICANT TRANSACTION LIKE A, A CAPITAL ASSET PURCHASE, MAKING SURE THAT COUNSEL APPROVED THAT.

UM, SO WE, EVERY YEAR IS PART, WE DON'T GIVE AN OPINION ON INTERNAL CONTROLS, RIGHT? 'CAUSE YOU ARE NOT A PUBLICLY TRADED COMPANY.

BUT, UM, WE DO LOOK AT THAT EVERY YEAR.

OKAY, GOOD QUESTION FOR YOU.

IT'S GONNA BE ADDED DURING OUR STRATEGIC PLANNING.

WE BROUGHT UP THE TERM AI, WHEREAS FOUR OF US WITH AI AND ALL THINGS PROCEDURES GOING INTO 2030, BASICALLY.

YEAH, WE'RE THERE.

SO WE'RE, WE HAVE A, I DUNNO IF YOU CALL IT A ROBOT.

WE HAVE, UM, IT'S CALLED KIRA.

AND SO WE HAVE A DEVICE, AN AI THAT PRESENT DAY WILL TAKE, FOR EXAMPLE, LIKE THESE LEASE AGREEMENTS OR THINGS WILL TAKE BIG CONTRACTS AND TELL US WHAT ARE THE KEY TERMS IN THIS CONTRACT.

SO IF IT'S A 200 PAGE CONTRACT AND I NEED TO AUDIT AND MAKE SURE THAT THE TOWN'S BOOKED ALL THE FUTURE MINIMUM LEASE PAYMENTS, THIS TOOL WILL TELL ME, OKAY, HERE'S THE MONTHLY, QUARTERLY, WHATEVER THE PAYMENT IS, HERE'S THE STATED INTEREST RATE.

AND WE'LL DO THAT CALCULATION FOR US VERSUS US HAVING TO COME IN READ, YOU KNOW, IF WE PICK A SAMPLE OF 30 TRANSACTIONS, RIGHT? THAT'S VERY TIME CONSUMING.

SO, UM, WE HAVE KIRA, KIRA ANALYZES BIG CONTRACTS.

IT'LL READ MINUTES FOR US SO WE CAN TELL US, YOU KNOW, IN THE MINUTES WHAT'S IMPORTANT TO US IS, IS THERE LITIGATION, IS THERE, YOU KNOW, UM, BIG SIGNIFICANT TRANSACTIONS, IS THERE CHANGES IN POLICIES SO WE CAN KIND OF TELL IT WHAT WE WANT IT TO TELL US.

AND IT DOES THAT FOR US.

SO WE USE IT A LOT WITH MINUTES BIG CONTRACTS.

UM, I KNOW THEY'RE IN THE PROCESS OF, OF TRAINING IT TO TAKE BIG DATA SETS AND COMPARE, LIKE, OKAY, HERE'S OUR MASTER VENDOR LIST AND HERE'S OUR CHECK REGISTER AND WHO ARE

[00:35:01]

WE PAYING THAT'S NOT ON THE MASTER VENDOR LIST.

SO I KNOW THERE'S A LOT OF THAT GOING ON, BUT I'M ALSO NOT IN THAT DEPARTMENT, BUT I GET THE BENEFITS OF IT.

BUT THERE'S A LOT OF THINGS IN THE WORKS JUST FOR PERSPECTIVE AND THANK YOU FOR SHARING THAT.

YEAH, I MEAN IT'S, IT'S, I THINK IT'S, IT'S NOT GOING TO REPLACE US UNFORTUNATELY, UNFORTUNATELY, OR UNFORTUNATELY, BUT SHE'S GOTTA HAVE IT, IT, BUT IT WILL ELIMINATE AND I THINK HELP ON SOME OF THE MANUAL THINGS, RIGHT? WEEDING THROUGH WEEDING THROUGH, YEAH.

AND YOU BOUGHT, YOU'VE GOTTA HAVE, IF YOU PUT BAD CRAP IN, YOU'RE GONNA GET BAD CRAP OUT, RIGHT? RIGHT.

BASICALLY IS KIND OF THE SAYING.

UM, SO YOU'VE GOTTA HAVE SOMEONE ON THE END ANALYZING AT ALL TIMES.

BUT IT'S DONE SOME REALLY COOL THINGS TO HELP STREAMLINE THE AUDIT PROCESS AND WE'RE STARTING TO NOW OFFER THAT TO OUR CLIENTS.

SO IF, IF THERE'S A NEED WHERE, YOU KNOW, IF IT'S TAKING A LOT OF TIME TO WEED THROUGH THESE THINGS, THIS COULD BE A BENEFIT IF SOMEONE NEEDS THAT VERSUS, YOU KNOW, IF RESOURCES ARE.

ANY OTHER QUESTIONS? THANK YOU RACHEL.

YEAH, NO, THANK Y'ALL VERY MUCH.

AND IT'S NICE TO BE ABLE TO BE HERE DURING WORK SESSION THIS EVENING.

I APPRECIATE IT.

WE'LL MOVE ON TO ITEM FIVE C PRESENTED.

ALRIGHT,

[c. Present and discuss the Town of Addison FY 2024 First Quarter Financial Report.]

DISCUSSED THE TOWN OF ADDISON FFY 2024 FIRST QUARTER FINANCIAL REPORT.

STEVEN, GOOD EVENING, MAYOR AND COUNCIL.

STEVEN LIPMAN, CHIEF FINANCIAL OFFICER.

AND THIS IS OUR FIRST, UH, FINANCIAL REPORT FOR FISCAL YEAR 2024.

UH, THIS REPORT COVERS, UH, THE PERIOD OF OCTOBER 1ST, UH, THROUGH DECEMBER 31ST, 2023.

UH, SO LOOKING AT OUR EXECUTIVE DASHBOARD RELATED TO REVENUE SOURCES, UM, YOU CAN SEE THAT EVERYTHING IS HIGHLIGHTED IN GREEN.

SO WE'RE PERFORMING, UM, AS WE HAVE IN PREVIOUS YEARS OR WITHIN WHAT WE EXPECT AT THIS POINT THROUGH THE YEAR WE'RE, THE PROPERTY TAX IS ABOUT 23%.

WE'VE RECEIVED, WE RECEIVED MOST OF THAT IN JANUARY.

SO WE ACTUALLY RECEIVED, HAVE RECEIVED THAT IN JANUARY, BECAUSE THOSE PAYMENTS ARE DUE BY JANUARY 31ST.

SO IN THE NEXT REPORT YOU'LL SEE A, A BIG JUMP.

IT SHOULD BE IN THE 90 PERCENTS, UH, ON THE NEXT REPORT.

UM, NON-PROPERTY TAXES, THOSE ARE SALES TAXES, MIXED BEVERAGE TAXES, UH, PERFORMING, UH, WELL COMPARED TO BUDGET.

UH, WE'RE AT 27 AND A QUARTER PERCENT OF THOSE, UH, HOTEL TAX A LITTLE BIT BELOW 25%.

BUT GENERALLY NOVEMBER AND DECEMBER ARE THE SLOWEST HOTEL MONTHS FOR ADDISON, UH, BECAUSE WE REALLY RELY ON THAT BUSINESS TRAVEL.

UH, SO WITH THOSE BEING HOLIDAY MONTHS, TRADITIONALLY THOSE HAVE BEEN LOWER.

SO THIS IS, THIS IS IS STILL A GOOD NUMBER FOR US FOR THAT TIME PERIOD.

UM, FRANCHISE FEES, ABOUT 26%.

UH, SERVICE PERMITTING FEES WERE AT ABOUT 19%.

UH, FINES AND PENALTIES WERE AT ABOUT 29%.

UH, SPECIAL EVENT REVENUE, AGAIN, THOSE ARE REALLY FOCUSED ON THE EVENTS WHICH SHOW OCCUR UNTIL THE END OF THE YEAR.

UH, SO WE'RE ONLY AT ABOUT 16.7% THERE.

UH, FUEL FLOWAGE FOR THE, UH, AIRPORT, UH, OVER 27% THERE.

AND THEN WATER AND SEWER CHARGES FOR THE UTILITY FUND, UH, OVER 25%, WHICH IS GOOD CONSIDERING THAT'S REALLY WINTER MONTHS, WHICH YOU DON'T GENERALLY SEE A LOT OF OF WATER USAGE IN THIS.

UH, THEN ON THE EXPENDITURE SIDE, UH, ALL OF OUR EXPENDITURE, UM, TOTALS FOR THESE FUNDS ARE WITHIN, UH, HISTORICAL AVERAGES OR WHAT WE WOULD EXPECT AT THIS TIME.

UH, THE GENERAL FUND'S ABOUT A LITTLE BIT OVER 25% THROUGH THEIR BUDGET.

A HOTEL FUND IS AT 14%.

AGAIN, THAT DEPENDS A LOT ON THE SPECIAL EVENT CYCLE.

'CAUSE OF A LOT OF OUR EXPENDITURES ARE FOCUSED ON THOSE SPECIAL EVENTS IN THE HOTEL FUND.

UH, ECONOMIC DEVELOPMENT IS, IS AT 8%.

AND A LOT OF THOSE ARE FOCUSED ON, UH, ECONOMIC DEVELOPMENT INCENTIVES.

SO IF THOSE, UH, UH, COMPANIES MEET THOSE INCENTIVES AND THOSE WOULD GET PAID OUT.

SO THOSE ARE REALLY NOT, YOU KNOW, DON'T GENERALLY FOLLOW THE, THE SAME TIMELINE AS IT WOULD FOR PERSONNEL OR SOMETHING ALONG THOSE LINES.

OUR AIRPORT OPERATIONS IS AT ABOUT 17.7%.

AND THEN UTILITY OPERATIONS AT ABOUT 18.3% THEN ARE ECONOMIC INDICATORS.

THAT'S A QUESTION ON THE ECONOMIC DEVELOPMENT.

IF YOU'LL BACK UP A SLIDE REAL QUICK.

AN AMOUNT ABOVE A SET OF, ABOVE A, UH, A, A FLOOR, RIGHT? THAT'S CORRECT.

SO THAT BUDGETED AMOUNT, TELL ME WHAT THAT REPRESENTS.

YEAH, WELL ABOUT ABOUT 25% OF THAT TOTAL BUDGET AMOUNT IS RELATED TO THE VILLAGE ON THE PARKWAY SALES TAX INCENTIVE.

SO THAT IS BASICALLY USUALLY PAID AROUND APRIL, I BELIEVE.

UM, SO THAT MAKES UP 25% OF THAT ENTIRE BUDGET.

SO THAT'S NOT IN THERE RIGHT NOW.

ALL RIGHT.

AND THERE'S SOME OTHER INCENTIVES AS WELL, BUT THAT'S THE MAJOR.

AND STEVEN, FOR THOSE THAT MIGHT NOT BE FAMILIAR WITH THAT, WITH THAT INCENTIVE AT, AT VOP, UH, 'CAUSE THAT WAS FOR

[00:40:01]

COULD YOU, COULD YOU GIVE US THE DETAILS ON THAT? YEAH, THERE, AND I BELIEVE THAT THE BASE LEVEL, BASICALLY WHAT THE SALES TAX WAS BEING GENERATED, UM, ON THAT PROPERTY AT THE TIME OF THE INCENTIVE AGREEMENT WAS ABOUT $300,000 PER YEAR.

SO ANYTHING BEYOND THAT $300,000, UH, SALES, THAT SALES TAX GENERATED, UM, AT VILLAGE ON THE PARKWAY, UH, THEY GET 75% OF THAT, OF OUR PORTION ABOVE THE $300,000 MARK.

OH, 75% OF OUR PORTION.

SO THE FIRST $300,000, THE TOWN GETS A HUNDRED PERCENT.

ANYTHING ABOVE THAT, UM, THE TOWN GETS 25% AND WE PAY THEM THE OTHER 75% OKAY.

UNTIL THE EXPIRATION DATE.

WHICH IS, THERE IS AN EXPIRATION DATE, WHICH IS, I'M NOT A HUNDRED PERCENT SURE.

DO YOU, DO YOU KNOW, DAVID, THE AMOUNT, THE EXPIRATION? I THINK IT MAY BE 2027, SOMEWHERE IN THERE, EITHER 20, 27 OR FIVE YEARS AFTER THAT.

I DON'T, WE CAN FOLLOW, BUT IT'S A, IT'S A, IT'S TIED TO A TERM, NOT A, NOT A A DOLLAR AMOUNT.

THAT'S CORRECT.

ECONOMIC INDICATORS, UH, SORRY.

AT THE TOP LEFT WE HAVE OUR, UH, DFW UNEMPLOYMENT RATE.

UH, YOU CAN SEE UNEMPLOYMENT, I MEAN JUST NOT DFW, BUT NATIONWIDE, IT'S BEEN, UH, YOU KNOW, BELOW OR AT THAT 4% LEVEL FOR QUITE SOME TIME.

UH, WE HAVE OUR HOTEL REVENUE PER AVAILABLE ROOM.

UH, YOU CAN SEE IF YOU LOOK AT, YOU KNOW, DECEMBER, NOVEMBER OF 2022, YOU SEE THOSE, THOSE ARE LOWER.

YOU LOOK AT DECEMBER, UH, NOVEMBER OF 2023, LITTLE BIT LOWER, NOT AS LOW AS THEY WERE IN THE PREVIOUS YEARS.

SO, UH, THAT'S WHY I SAY THAT, YOU KNOW, THIS IS ACTUALLY A PRETTY BIG QUARTER FROM HOTEL TAX.

IF YOU LOOK FURTHER TO THE RIGHT, OUR HOTEL STATISTICS, AGAIN, YOU CAN SEE A BIG DIP THERE ON THE RED LINE, WHICH IS THE, UH, OCCUPANCY, UH, IN, UH, NOVEMBER, DECEMBER OF 2022.

NOT SUCH A DEFINED DIP IN 2023.

SO PERFORMED A LITTLE BIT BETTER THERE.

UM, SO OVERALL, PRETTY HAPPY WITH THE RESULTS ON THE HOTEL SIDE.

UM, OUR OFFICE OCCUPANCY DECREASED, UH, ABOUT 0.3% DOWN TO 80.5%.

AND OUR RETAIL OCCUPANCY INCREASED, UH, ABOUT 3% OVER 96%.

CURRENTLY, UH, THE HOTEL OCCUPANCY FOR THE QUARTER WAS ACTUALLY DOWN IN TOTAL ABOUT 1.1%, BUT OUR REVENUE PER AVAILABLE ROOM, UH, WAS UP ALMOST 5%.

SO REALLY OUR HOTEL TAXES GENERATED BY THE OCCUPANCY TIMES THE ROOM RATE, THAT'S THE REVENUE THAT'S GENERATED PER EACH ROOM.

SO THAT'S REALLY THE FOCUS AREA.

WE WANT THAT NUMBER TO BE AS HIGH AS POSSIBLE.

'CAUSE THAT MEANS WE'RE GENERATING, UH, THE MOST OF POSSIBLE REVENUE PER AVAILABLE ROOM, WHICH WE THEN GET TO TAX AT 7%.

UM, AND THEN BELOW, UH, PERMITS, UH, YOU CAN SEE THROUGH ONE QUARTER WE'RE GENERALLY TRENDING, UH, WHERE WE HAVE, UH, IN PREVIOUS YEARS, UH, OVERALL FOR THE QUARTER OF ABOUT 273 PERMITS, UH, WHICH IS, IS NOT OUTTA LINE WITH, UH, BASICALLY ALMOST EQUAL TO, UH, WHAT WE HAVE FOR THE PAST THREE FISCAL YEARS.

AND THEN MOVING ON, SO WE HAVE SEVEN ECONOMIC DEVELOPMENT AGREEMENTS.

UH, AGAIN, THESE WOULD ALL BE BUDGETED IN THE ECONOMIC DEVELOPMENT FUND.

WE HAVEN'T PAID ANY OF THOSE OUT IN FISCAL YEAR 2024.

UM, SO, UH, THOSE TOTAL INCENTIVES THAT ARE COMMITTED THERE IS, IS ABOUT 536,000.

BUT AGAIN, THOSE ARE IN THE BUDGET.

WE HAVEN'T PAID OUT ANY OF THOSE.

SO IF THEY MEET THOSE, UH, THRESHOLDS, THEN WE WOULD SEE THOSE EXPENDITURES, UM, LATER PRESENTATION, AND THEN OUR, UH, SALES TAX FOR THE FIRST QUARTER.

UH, I THINK WHEN I DID THIS PRESENTATION LAST YEAR, WE WERE THINKING THE SALE, YOU KNOW, OUR SALES TAX IS LOOKING A LITTLE BIT WORSE THAN SOME OF THE COMPARISON CITIES, AND THEN WE ENDED THE YEAR REALLY STRONG.

WELL, THIS YEAR WE'RE STARTING THE YEAR REALLY STRONG, UH, WITH THE 14% INCREASE OVER THE PREVIOUS FISCAL YEAR FOR THIS QUARTER, UH, OUR COMPARISON CITIES THERE HAVE ALL SEEN EITHER A SMALL DECREASE OR IN THE CASE OF, UH, FARMER'S BRANCH, A PRETTY SIGNIFICANT INCREASE THERE IN 11%.

AND THEN THIS IS A MONTH BY MONTH VIEW OF THE SALES TAX COLLECTIONS FOR THE LAST THREE YEARS.

UH, AGAIN, THE PURPLE BAR THERE IS FISCAL 24, SO YOU CAN SEE THAT, UM, WE'VE HAD A PRETTY STRONG SALES TAX THROUGH THE FIRST THREE MONTHS.

UH, AGAIN, EACH OF THESE MONTHS HAVE BEEN LARGER, UH, FOR COLLECTIONS THAN THE PREVIOUS FISCAL YEAR, UH, WHICH IS ON THE NEXT SLIDE.

SO YOU CAN SEE, UH, OCTOBER, UH, OVER 20%, UH, MORE THAN WHAT WE GOT LAST YEAR, NOVEMBER OVER 10%.

SAME THING WITH DECEMBER OVER 10%.

BUT WE GOT IN THE PREVIOUS FISCAL YEAR, SO TRENDING VERY WELL ON THE SALES TAX.

AND AGAIN, WE'RE AT 27.5% OF OUR SALES TAX BUDGET HAS BEEN BROUGHT IN.

SO WE'RE BASICALLY TRENDING ABOUT 10% OVER OUR BUDGET.

IF WE ANNUALIZE THAT

[00:45:01]

IN.

LOOKING AT OUR SALES TAX BY ECONOMIC CATEGORY, AND THIS IS PROBABLY MY FAVORITE PART OF THIS PRESENTATION BECAUSE IT REALLY SHOWS THE DIVERSITY OF THE ECONOMY HERE IN ADDISON, UM, AND HOW RESILIENT IT CAN BE.

UH, SO WE, WE HAVE SOME, UH, AREA, WE, WE ACTUALLY, IN THIS PRESENTATION, WE DON'T HAVE ANY THAT ARE OVER 20% ANY OF OUR, UM, ECONOMIC CATEGORY.

SO, BUT WE DO HAVE RETAIL AT 19%, THAT'S OUR TOP CATEGORY.

ACCOMMODATIONS IN FOOD SERVICE, 17%.

UM, WE HAVE, UH, INFORMATION AT 12%, AND THEN WE HAVE WHOLESALE TRADE AT 11%.

UM, AND THEN WE HAVE OTHER, UH, WHICH NONE OF THOSE ADD UP TO MORE THAN 4% INDIVIDUALLY AT 13%.

AND THEN ALL OF THOSE OTHER CATEGORIES ARE ALL, UH, UNDER 10%.

SO VERY DIVERSE, UM, ECONOMICALLY, UH, THROUGH OUR SALES TAX.

AND THEN GENERAL FUND REVENUE, THIS IS THE DETAIL AS I MENTIONED, WE'RE AT 24.6% OF THE OVERALL BUDGET FOR REVENUE.

UH, AGAIN, OUR HOPE, OUR, UH, PROPERTY TAX, UH, THAT WILL ALL MOSTLY COME IN IN JANUARY.

SO WHEN YOU GET THIS, UH, FOR THE NEXT QUARTER, YOU'LL SEE A LARGE JUMP IN WHAT WE'VE COLLECTED, UH, PRIMARILY BECAUSE OF THAT.

UH, ON THE EXPENDITURE SIDE, WE'RE, AGAIN, WE'RE AT 25.4% OF OUR BUDGET.

I EXPENDED.

UH, SO EVERYTHING IS IN LINE WITH, UH, WHAT WE EXPECT AT THIS POINT.

UH, WHEN WE GO TO THE HOTEL FUND.

UH, OVERALL REVENUE, 22.3%.

AGAIN, A LOT OF THAT IS FOCUSED ON THE SPECIAL EVENTS, WHICH WE'LL GET LATER IN THE YEAR.

AND THEN SAME THING ON THE EXPENDITURE SIDE, OVERALL, WE'RE AT 14.2%.

BUT AGAIN, YOU LOOK AT THOSE SPECIAL EVENTS, WE'RE ONLY AT 1.4% OF THAT, UH, VERY LARGE BUDGET AREA THAT'S BEEN EXPENDED TO DATE.

SO AS WE GET CLOSER TO THOSE EVENTS, YOU'LL SEE A LOT MORE REVENUE AND A LOT MORE EXPENDITURE RELATED TO THOSE.

AND THEN AGAIN, ON THE ECONOMIC DEVELOPMENT FUND, UM, A LOT OF THOSE INCENTIVES, YOU, YOU THAT WE'VE TALKED ABOUT IN THIS PRESENTATION ARE IN THAT CONTRACTUAL SERVICES, UH, LINE ITEM.

YOU CAN SEE THAT ONLY 4% OF THAT HAS BEEN SPENT TO DATE, BUT AS, UH, ANY OF THOSE, UM, UH, AGREEMENTS OR ARE MET, UH, THAT THOSE WOULD POTENTIALLY BE PAID, UH, AT LATER DATE.

SO YOU CAN SEE THAT THAT'S REALLY THE REASON FOR THE EXPENDITURES BEING, UM, ONLY 8.3% OF THE DATE.

AND ON THE REVENUE SIDE, WE'RE AT 23.6%.

AND AGAIN, THIS IS PROPERTY TAX BASED, SO WE'LL SEE A BIG INCREASE ON THE NEXT REPORT WHEN WE GET ALL THE TAX, UH, THAT WAS COLLECTED IN JANUARY.

AND THEN FOR OUR AIRPORT FUND, UH, PERFORMING VERY WELL, UH, 26% ON THE REVENUE SIDE, UM, THAT RENTAL INCOME IS OVER 25% AND SOLAR ARE FUEL FLOWAGE FEES.

SO THOSE ARE BOTH GOOD INDICATORS.

UH, ON THE OPERATING EXPENSE SIDE, WE'RE AT 17.7%, SO TRENDING, UH, VERY WELL THERE, UH, AS WELL.

AND THEN ON THE UTILITY FUND, UH, 25.9% OF OUR REVENUE'S BEEN COLLECTED.

AGAIN, WATER SALES AND SEWER CHARGES, UH, BOTH BEING OVER 25% AND WE'RE TALKING ABOUT THE MONTHS OF OCTOBER, NOVEMBER, AND DECEMBER, UH, IS, IS A GOOD SIGN BECAUSE GENERALLY THESE ARE MONTHS THAT WE HAVE LESS USAGE.

UM, AND THEN ON THE EXPENDITURE SIDE, UH, 18.3% OF OUR EXPENSES HAVE, UH, GONE OUT ON THE OPERATING SIDE SO FAR, SO TRENDING WELL THERE AS WELL.

AND THE STORMWATER FUND, 27.2% OF THE REVENUE'S BEEN COLLECTED, UH, ON THE DRAINAGE FEE, WHICH IS THE MAJORITY OF THAT, AND AT 26%.

SO A GOOD SIGN THAT WE'LL MEET THAT, UH, THROUGHOUT THE FISCAL YEAR.

AND THEN ON THE OPERATING EXPENSE SIDE, UH, 7% OF THAT BUDGET HAS BEEN EXPENDED.

UH, ONE NOTE HERE IS THAT A LARGE PORTION OF THAT, ABOUT A THIRD OF THAT, OR A LITTLE BIT LESS THAN A THIRD, IS RELATED TO, UM, I'M SORRY, NOT A THIRD.

ABOUT, UH, ABOUT 15% OR SO IS RELATED TO DEBT SERVICE.

THOSE OCCURRED IN, UH, FEBRUARY AND AUGUST.

SO THOSE ARE AT 0%.

AND THEN THE, UH, MAINTENANCE, UM, IF YOU RECALL, THERE WERE SOME LARGE DECISION PACKAGES RELATED TO MAINTENANCE OF SOME BASINS.

THOSE ARE IN THERE IN THAT BUDGET.

SO AS THOSE PROJECTS COME FORWARD, YOU'LL SEE THOSE EXTENDED EXPENSES START TO COME OUT OF THAT BUDGET.

UM, BUT OVERALL 7% HAS BEEN, UH, EXPANDED SO FAR.

AND THEN HOTEL OCCUPANCY TAX, SO THIS IS A PRETTY GOOD VIEW.

IF YOU LOOK AT DECEMBER OF 2022, THAT'S THAT QUARTER FOR DECEMBER, UH, END OF DECEMBER OF 2022 COMPARED TO 2023, BASICALLY WE'RE, WE'RE ABOUT THE SAME AS WHERE WE WERE IN THE PREVIOUS YEAR.

SO A PRETTY GOOD SIGN, UH, ABOUT $1.2 MILLION.

AND OVERALL, UH, HOTEL TAX REVENUE HAS BEEN COLLECTED.

AND THEN ON ALSO, UH, ON THE, UM, UH, ITEM, UH, FOR YOUR CONSIDERATION IS THE INVESTMENT REPORT AND OUR OVERALL, UM, INVESTMENT REPORT.

WEIGHTED AVERAGE YIELD TO MATURITY INCREASED ABOUT 14 BASIS POINTS.

WERE UP TO 3.4699999999999998%

[00:50:01]

IS WHAT OUR TOTAL, UH, INVESTMENT PORTFOLIO YIELDED FOR THE QUARTER.

UM, OVERALL INTEREST REVENUE, WHICH HAS NOW BECOME, UH, A NOTICEABLE SOURCE OF INCOME, WHICH PREVIOUS, YOU KNOW, ABOUT TWO YEARS AGO WAS ALMOST NOTHING.

UH, ABOUT $1.2 MILLION IN INVESTMENT REVENUE WAS BROUGHT IN, UH, FOR THIS QUARTER.

SO, UH, AN INCREASE OF OVER 19% FOR THE QUARTER.

SO OVERALL, HAPPY WITH, UH, WHAT, WHAT'S HAPPENING HERE IS WE HAVE SOME OF THESE OLDER INVESTMENTS THAT, UH, MATURE THAT WE'RE YIELDING LESS AND THEY AND THEIR FUNDS ARE REINVESTED AT A HIGHER RATE.

WE CONTINUE TO SEE, UH, THAT, UH, AVERAGE YIELD TO MATURITY INCREASE, ASSUMING WE DON'T SEE SOME KIND OF ACTIVITY AT THE, AT THE FED, WHICH WE MAY AT SOME POINT.

SO, UH, WITH THAT I'D BE HAPPY TO ANSWER ANY QUESTIONS ABOUT, UH, THE QUARTERLY FINANCIAL OR THE INVESTMENT.

I HAVE ONE BACK ON PAGE 10.

CAN YOU TELL ME, IT SAYS SPECIAL EVENTS AND THEN SPECIAL EVENTS OPERATIONS.

SO SPECIAL.

WHAT'S THE DIFFERENCE? YEAH.

SPECIAL EVENTS OPERATIONS IS THE DEPARTMENT SPECIAL EVENTS.

GOT IT.

SO THAT'S LIKE THEIR PERSONNEL COSTS, THEIR SUPPLIES.

AND THEN THE, YEAH, THE OTHER ONE, THE MAIN SPECIAL EVENTS IS THE COST OF ACTUALLY DOING THE EVENTS.

GREAT, THANK YOU.

I'VE GOT ONE ON AIRPORT FUND ON PAGE 12.

TALKED ABOUT, UM, I THINK IT WAS THE U UTILITY FUND, UH, SOME THINGS COMING UP AND IT, UM, WHAT'S, IS THERE MORE OF A STORY BEHIND THE OPERATING EXPENSES BEING SO LOW? 17%.

PART OF THAT ALSO IS RELATED TO DEBT SERVICE.

IF YOU LOOK AT THAT DEBT SERVICE LINE, WHICH IS ABOUT ONE SIXTH OF THEIR BUDGET, A MILLION DOLLARS OF DEBT SERVICE, OF THAT $6 MILLION OPERATING BUDGET, THOSE PAYMENTS ALSO ARE FEBRUARY AND AUGUST.

UM, SO ONLY AT 0.5% OF THAT.

SO IF YOU LOOK AT LIKE PERSONNEL, WERE AT 20, ALMOST 23% SUPPLIES.

THAT'S A SMALL LINE.

THEY'RE ABOUT 12%, UH, MAINTENANCE, WHICH IS A PRETTY BIG, UM, EXPENDITURE FOR THEM.

THEY'RE AT 23 CONTRACTUAL SERVICES, THEY'RE AT 18, BUT IT'S REALLY THAT DEBT SERVICE THAT IF WE, IF WE TOOK THAT OUT OF THERE, THEY'D BE CLOSER, THEY'D BE OVER 20, PROBABLY IN THE 22 RANGE OR SOMETHING LIKE THAT.

THANKS.

STATEMENT ON THAT.

SAME, ON THAT SAME ONE, UH, ON THE INTEREST INCOME.

ANOTHER, UH, I SEE THE BUDGET AMOUNT IS 125,000 COMPARED TO 2 84 ACTUAL LAST YEAR.

IS THAT, UH, CAN YOU HELP ME UNDERSTAND WHY THAT THE BUDGET WOULD, BUDGET NUMBER WOULD'VE BEEN SO LOW? UM, I'D HAVE TO GO AND SEE.

I, I THINK THE ACTUAL INVESTMENT REVENUE THAT THEY BROUGHT IN LAST YEAR WAS AROUND, IT WAS A LITTLE OVER A HUNDRED THOUSAND.

SO, UM, ALSO WHAT MAY BE IN THAT OTHER LINE, AND I HAVE TO DIG INTO THE DETAILS OF THAT.

IF WE HAD SAY, AND WE'VE, WE'RE, WE'RE GONNA HAVE SOME ADDITIONAL REVENUE THAT GOES INTO THERE BECAUSE WE'VE HAD SOME DAMAGE.

SO WE'VE HAD SOME INSURANCE PROCEEDS THAT WE'VE GOTTEN.

UM, I'M THINKING IT MAY BE RELATED TO INSURANCE PROCEEDS THAT WE HAD RECEIVED OUT AT THE AIRPORT, WHICH WE WOULD'VE SEEN AN EXPENDITURE SIDE TO REPAIR WHATEVER DAMAGE WAS DONE.

BUT WE'VE RECORDED THAT AS A, AS A REVENUE THAT WOULD POP INTO THAT INTEREST, ANOTHER INCOME.

GOTCHA.

AND THEN MY, MY OTHER QUESTION WOULD BE, UH, BACK ON THE DASHBOARD, THE, UH, ON THE, UH, OFF OFFICE VACANCY YES.

OFFICE OCCUPANCY SHOWING 80.5%, UM, THAT'S ACTUALLY BETTER THAN I THOUGHT IT WAS GOING TO BE.

AND A YEAR OVER YEAR CHANGE OF JUST 0.3% IS POSITIVE.

AND WE'VE REALLY STAYED IN THAT.

I THINK AT THE LOWEST THAT WE'VE SEEN IT GET, WHICH MAY HAVE BEEN IN 2021 OR SO WAS IN THE 78% RANGE, BUT IT'S REALLY STAYED IN THAT 80% RANGE, UM, FOR THE PAST COUPLE OF YEARS.

SO DO ANYBODY, ANY MECHANISM FOR FORECASTING, YOU KNOW, AS, AS SOME OF THOSE OFFICE LEASES ARE COMING UP? UM, I DON'T THINK WE DO.

I THINK ECONOMIC DEVELOPMENT DOES.

SO JUST TO SEGUE ON THAT, I THINK PART OF WHAT WE'RE LOOKING AT RIGHT NOW WITH ECONOMIC DEVELOPMENT IS TO START DOING A QUARTERLY REPORT AND HAVE A LOT MORE ROBUST REPORTING FOR ECONOMIC DEVELOPMENT.

AND WE'LL BE GOING INTO THAT LEVEL OF DETAIL.

'CAUSE A LOT OF THIS IS JUST DATA WE CAN GO FIND RIGHT NOW.

SURE.

BUT PROJECTING OUT, AND FORTUNATELY WE'RE KIND OF, WE'RE FULLY STAFFED RIGHT NOW, WE JUST BROUGHT SOMEONE ON BOARD WHO'S REALLY FOCUSED ON DATA.

SO THAT'S AN IMPROVEMENT.

WE'LL SEE.

WE'RE GONNA HAVE A WORK SESSION IN A FEW MEETINGS TO JUST TALK ABOUT ECONOMIC DEVELOPMENTS, JUST OVERALLS KIND OF GIVE AN OVERALL VIEW.

SO THAT'LL BE A GREAT THING TO BRING UP AT THAT POINT, HOW WE'RE GONNA LOOK AT THAT.

GREAT.

AND STEVEN, UH, ON OUR OFFICE OCCUPANCY, CAN, IS THERE, UH, SOME TYPE OF SERVICE PROVIDER, OBVIOUSLY WE'RE PULLING THAT FROM OR RETRIEVING THAT FROM, WELL, ECONOMIC DEVELOPMENT HAS A SERVICE SERVICE PROVIDER FOR THAT AND THEY PROVIDE THAT INFORMATION TO US.

[00:55:03]

THANKS.

OTHER QUESTIONS FOR STEVEN? OKAY.

THANKS STEVEN.

NICE WORK.

I LIKE ALL THAT GREEN.

GOOD.

OH GOOD.

SO DAVID, THAT WOULD THEN BE LIKE HAVING OUR NEW CODE ENFORCEMENT OFFICER WHO'S FULLY UP AND RUNNING NOW.

RIGHT? WE'LL GET SOME UPDATES.

TIME THINGS ARE NOT, YEAH, THAT'S NOT REALLY ON TOPIC HERE.

SORRY.

SO, UH, SO I THINK THAT'S ALL WE HAVE FOR OUR WORK SESSION ITEM.

WE WILL MOVE TO ITEM TWO, PROCLAMATIONS AND PRESENTATIONS AND ITEMS A AND B, CITY MANAGER ANNOUNCEMENTS AND EMPLOYEE RECOGNITION.

UH, YOU CAN ASK A QUESTION ABOUT 30 SECONDS.

UH, SO IT IS 6 28, SO WE WILL TAKE A BREAK FOR ABOUT AN HOUR.

YOU GOT A LITTLE GAP? SEVEN 30.

WE'LL START OUR REGULAR MEETING IN THE OTHER ROOM.

YOU COOKING, HUH? YEAH.

HAVE A COOKING.

WE'VE GOT SOME.

GOOD EVENING EVERYBODY.

IT IS SEVEN 30.

WE'LL CALL TO ORDER THIS MEETING OF THE ADDISON CITY COUNCIL ON FEBRUARY 27TH.

WE HAVE A QUORUM OF THE COUNCIL PRESENT.

WE HAVE 100% ATTENDANCE.

AND WE WOULD ASK EVERYBODY TO PLEASE RISE FOR THE PLEDGES, TO THE FLAGS, TO THE FLAG OF THE UNITED STATES OF AMERICA TO THE REPUBLIC FOR WHICH STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.

HONOR THE TEXAS FLAG.

I PLEAD ALLEGIANCE TO THE TEXAS ONE STATE UNDER GOD, ONE AND INDIVISIBLE.

THANK YOU VERY MUCH.

[a. City Manager's Announcements.]

DAVID.

THANKS, MAYOR.

JUST TWO ANNOUNCEMENTS TONIGHT.

THE CITY COUNCIL AND PLANNING AND ZONING COMMISSION WILL MEET ON THURSDAY, FEBRUARY 29TH, JUST IN A COUPLE DAYS, RIGHT HERE AT 6:00 PM AT THE ASEN CONFERENCE CENTER TO RECEIVE AN UPDATE ON THE UNIFIED DEVELOPMENT CODE PROJECT.

THE AGENDA HAS BEEN POSTED ON THE TOWN'S WEBSITE IN CASE YOU WANT MORE INFORMATION, BUT THE PUBLIC IS ALSO INVITED TO ATTEND.

TONIGHT IS CHIEF SPENCER'S LAST COUNCIL MEETING.

WE HAD A SMALL RECEPTION PRIOR TO THE MEETING TO CELEBRATE HIS 28 YEARS IN ADDISON.

AND THANK HIM FOR HIS DEDICATION TO THE COMMUNITY.

FEBRUARY 29TH IS HIS LAST DAY WITH THE TOWN, AND WE WISH HIM THE VERY BEST MOVING FORWARD IN HIS RETIREMENT.

ASSISTANT CHIEF MIKE MINSON WILL TAKE OVER AS INTERIM CHIEF BEGINNING MARCH 1ST, AND WE LOOK FORWARD TO HIS LEADERSHIP.

THAT'S ALL FROM YOU, MAYOR.

[b. Employee Recognition.]

AND THEN WE'LL MOVE ON TO EMPLOYEE RECOGNITION.

AND I WANNA START BY INTRODUCING OUR DIRECTOR OF GENERAL SERVICES, BILL HOLLY.

GOOD EVENING, MAYOR AND COUNCIL.

UH, I'M PLEASED TO INTRODUCE BRAD BOGEN WRIGHT.

BRAD HAS WORKED FOR THE TOWN FOR THREE YEARS, AND HE SERVES AS THE ASSISTANT DIRECTOR OF GENERAL SERVICES.

AND IN CASE YOU'RE NOT FAMILIAR, THAT'S FACILITIES AND FLEET.

SO BRAD IS A DEVOUT FAMILY MAN, MARRIED TO HIS WIFE JULIE, FOR OVER 18 YEARS.

THEY HAVE TWO WONDERFUL CHILDREN, MCKAYLA, AGE 16, WHO BRAD WILL BE ACCOMPANYING TO NEW YORK CITY TO WATCH HER PERFORM AT CARNEGIE HALL NEXT MONTH.

HIS SON, MASON, AGE 14, WILL BE A FRESHMAN NEXT YEAR AND IS QUITE A STANDOUT SOCCER PLAYER.

BRAD GREW UP IN ARLINGTON AFTER HIGH SCHOOL.

HE SERVED 10 YEARS IN THE US NAVY.

AFTER HIS TIME IN THE NAVY, HE EARNED HIS BACHELOR'S OF POLITICAL SCIENCE AND A MASTER'S IN PUBLIC ADMINISTRATION FROM THE UNIVERSITY OF TEXAS AT ARLINGTON.

BRAD ALSO EARNED A COVETED FACILITIES MANAGEMENT PROFESSIONAL CERTIFICATION, WHICH LESS THAN 2% OF ALL FACILITIES MANAGEMENT PROFESSIONALS WORLDWIDE ARE ABLE TO OBTAIN.

BECAUSE OF THE RIGOROUS REQUIREMENTS, IT, UH, IS EQUIVALENT TO ABOUT FOUR GRADUATE COURSES, CERTAIN PROFESSIONAL STANDARDS, A NUMBER OF TESTS, UH, AS WELL AS ONGOING CONTINUING EDUCATION TO MAINTAIN.

SO WE'RE VERY PROUD OF BRAD FOR, FOR EARNING THAT.

UH, AND WHILE BRAD'S EDUCATION AND EXPERIENCE ARE PHENOMENAL, WHAT TRULY SETS HIM APART IS THAT HE LIVES THE CORE VALUES OF THE ADDISON WAY, DISCIPLINE, LEADERSHIP, PERSONAL RESPONSIBILITY, EMBRACING CHALLENGES AS OPPORTUNITIES FOR PERSONAL GROWTH, AND UPHOLDING THE PRINCIPLES OF HONESTY, TRUSTWORTHINESS, RELIABILITY IN ALL ASPECTS OF HIS LIFE.

THE TOWN IS FORTUNATE TO HAVE BRAD AS A MEMBER OF OUR TEAM, AND PLEASE KEEP AN EYE ON HIM.

YOU'RE GONNA BE SEEING EVEN MORE GREAT THINGS FROM HIM IN THE FUTURE.

THANK YOU BRAD, FOR THE SERVICE TO THE TOWN.

APPRECIATE YOU AND FOR YOUR NAVY SERVICE TOO.

VERY NICE.

ITEM THREE, PUBLIC COMMENT.

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

AND I'VE NOT RECEIVED ANY SPEAKER CARDS

[01:00:01]

AHEAD OF TIME.

AND IF THERE'S ANYBODY IN THE ROOM THAT WOULD LIKE TO ADDRESS THE COUNCIL, YOU CAN COME FORWARD.

BUT SEEING NONE, I WILL CLOSE THE PUBLIC COMMENT SECTION AND MOVE

[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.]

ON TO ITEM FOUR, CONSENT AGENDA, WHICH CONSISTS OF ITEMS FOUR A THROUGH FOUR H.

IS THERE ANYTHING THAT NEEDS TO BE PULLED? MAYOR, I'D LIKE TO PULL FOUR.

D LIKE DELTA.

YES, SIR.

POLL ITEM FOUR D, SO THAT LEAVES ITEM FOUR, A, B, C, E, F, G, AND H.

IS THERE A MOTION? MAYOR, I MOVE THAT WE APPROVE, UM, THE ITEMS ON THE CONSENT AGENDA EXCEPT FOUR D EXCEPT FOR D.

VERY GOOD.

SECOND MAYOR AND A SECOND FROM MR. NIA.

ANY DISCUSSION? ALL IN FAVOR? AYE.

OPPOSED? ALRIGHT.

CONSENT AGENDA PASSED EXCEPT FOR ITEM FOUR D.

MARLON.

[d. Consider action to approve a resolution authorizing the City Manager to file an application for financial assistance with the State Infrastructure Bank in an amount up to $44,600,000.]

UH, YES, MAYOR.

I'D LIKE, I'VE GOT A, UH, WHAT I THINK IS A QUICK QUESTION FOR, UH, OUR CFO, UH, MR. STEVEN GLICKMAN, AND THIS IS, UH, THIS IS TO CONSIDER ACTION, TO APPROVE A RESOLUTION AUTHORIZING THE CITY MANAGER TO FILE AN APPLICATION FOR FINANCIAL ASSISTANCE WITH THE STATE INFRASTRUCTURE BANK IN AN AMOUNT UP TO $44,000,600.

AND SO, UM, THE REASON I PULLED THIS IS I, I AM DEFINITELY IN FAVOR OF, OF, UH, USING THIS, THIS METHOD, UM, TO, TO GET THIS, UH, TO GET SOME BONDS AT A VERY INCREDIBLE LEVEL.

BUT, UH, BUT MY, MY QUESTION IS, IS, IS IF WE APPROVE THIS, UH, DOES THAT LIMIT LIMIT US IN ANY WAY AS FAR AS, UM, HOPEFULLY WE GET APPROVED FOR THIS LOAN? WOULD THAT LIMIT US ANY WAY AT LOOKING AT LIKE A 10 YEAR, 15 YEAR, 20 YEAR? AS, AS THE OPTIONS FOR THE BOND MAYOR AND COUNCIL, STEVEN GLICKMAN, CHIEF FINANCIAL OFFICER? UM, THIS, THIS PART OF THE PROCESS IS IT'S, WE'RE NOT LIMITING, UH, THE TERM OF THE LOAN.

UH, IT'S SIMPLY AUTHORIZING, UH, THE CITY MANAGER TO, UH, COMPLETE THE LOAN WHEN WE COME BACK.

IF WE COMPLETE THE LOAN AND THEN GOT APPROVED FOR A LOAN, UM, WE CAN NEGOTIATE THOSE TERMS. IT CAN BE, UM, I THINK AS SHORT AS YOU WOULD LIKE UP TO, UM, YOU KNOW, FAR BEYOND 20 YEARS IF YOU WOULD LIKE.

SO THAT'S NOT PART OF WHAT YOU, WHAT'S BEFORE YOU TONIGHT, BUT AS WE GET FURTHER DOWN THE PROCESS, WE COULD TALK ABOUT WHICH TERM WOULD, WOULD BE APPROPRIATE.

UH, GENERALLY ON STREET BONDS, UH, WE'VE DONE A 20 YEAR TERM, UM, FOR THOSE TYPES OF PROJECTS, THEY'RE GENERALLY, UH, PROJECTS THAT HAVE A USEFUL LIFE OF 30 TO 40 YEARS.

UM, AND I KNOW THAT WE'VE GOT, WE'RE TALKING ABOUT TOWN FACILITIES, WE'RE GONNA HAVE, IT SOUNDS LIKE WE'VE GOT SOME BOND OPPORTUNITIES FOR, FOR STREETS AND OTHER THINGS COMING.

AND, UH, MY HOPE IS THAT, UH, UH, THAT AS WE MOVE FORWARD IN TIME, IF WE HAVE OPTIONS LIKE WHAT WE'RE LOOKING AT NOW WITH, AT THE LOW END, A 10 YEAR LOAN AT 1.54%, UH, POSSIBLY SAVING US $1.5 MILLION IN INTEREST THAT WE WOULD JUST AS A COUNCIL, WE WOULD CONSIDER, CONSIDER THAT.

UM, AND, AND WITH THAT, I'D LIKE TO MAKE A MOTION TO, TO APPROVE FOUR D.

THERE'S A MOTION.

IS THERE A SECOND? SECOND.

I SECOND.

ALRIGHT, I'LL GIVE THAT ONE TO DARREN.

PRETTY GOOD.

UH, UM, ITEM FOUR IS MOTION AND A SECOND.

IS THERE ANY OTHER DISCUSSION? ALL IN FAVOR? AYE.

ON TO ITEM FIVE, ITEMS FOR INDIVIDUAL CONSIDERATION.

ANY OPPOSED? ALRIGHT.

ITEM FOUR D IS APPROVED.

MOVING

[a. Present, discuss and consider action on a Resolution approving an agreement with OJB Landscape Architecture for the Addison Circle Park Vision Plan in an amount not to exceed $188,000 and providing an effective date.]

ITEM FIVE A PRESENT, DISCUSS AND CONSIDER ACTION ON A RESOLUTION APPROVING AN AGREEMENT WITH OJB LANDSCAPE ARCHITECTURE FOR THE ADDISON CIRCLE PARK VISION PLAN IN AN AMOUNT NOT TO EXCEED $188,000 AND PROVIDING AN EFFECTIVE DATE.

JANA, MAYOR AND COUNCIL, JANA TIDWELL, DIRECTOR OF PARKS AND RECREATION.

I, THE ITEM I'M BRINGING BEFORE YOU THIS EVENING IS TO CONSIDER A CONTRACT FOR A PROFESSIONAL SERVICES AGREEMENT WITH OJB LANDSCAPE ARCHITECTURE BEFORE WE, UM, AND I DO HAVE THE OJB TEAM HERE, TARA GREEN AND KATIE MARTIN, WHO WILL MAKE A PRESENTATION TO YOU.

UM, BUT BEFORE WE DO THAT, I'D LIKE TO SHARE A LITTLE BACKGROUND WITH YOU ABOUT THIS PROJECT.

UM, THIS PROJECT WAS FIRST RECOMMENDED IN THE PARK RECREATION AND OPEN SPACE MASTER PLAN, WHICH WAS ADOPTED BY COUNCIL IN 2019.

UM, AT THAT TIME, THE MASTER PLAN IDENTIFIED THE NEED, UM, TO PLAN FOR DEVELOPMENT OF ADDISON CIRCLE PARK IN THE CONFERENCE CENTER IN THEATER AREA IN CONJUNCTION WITH THE TOD DEVELOPMENT.

THE PLAN INCLUDED THE FOLLOWING RECOMMENDATIONS TO DESIGN AND PROMOTE THE PARK IS ADDISON'S CENTRAL HUB, CONSIDERING NEW FRONTAGES CIRCULATION PATTERNS AND CONNECTIONS TO THE DART STATION AND COTTON BELT TRAIL, IMPROVE THE PARK'S SOUTHERN EDGE IN RELATIONSHIP

[01:05:01]

TO THE TOD AND CREATE A NEW GATEWAY INTO THE PARK.

DISCUSS IMPACTS TO SPECIAL EVENTS AND PRESERVE LANDS AND OPPORTUNITIES INTEGRAL TO ADDISON'S, UM, SIGNATURE SEASONAL EVENTS, PRIORITIZE CREATING AND A GATHERING SPACE ALONG FESTIVAL WAY THAT ALLOWS FOR PARK AND LIGHT RAIL ACCESS TO REGULAR OCCURRING PROGRAMS AND ACTIVITIES.

EVALUATE OPPORTUNITIES TO CONNECT THE NORTHWEST PLAZA TO THE CONFERENCE CENTER PATIO, IMPROVING THE PAVILION PLAZA AND GROUNDS TO SUPPORT VARIOUS PUBLIC AND PRIVATE EVENTS.

AND THEN BOLSTER OUTDOOR PROGRAMMING AND CREATE DAILY ACTIVATION OPPORTUNITIES THAT ATTRACT VISITORS TO THE PARK, SUCH AS PROGRAMS IMPLEMENTED AT CLYDE WARREN, DISCOVERY GREEN AND BRYANT PARK.

UM, SO THAT WAS A LOT, THAT'S A BIG TASK.

UM, AND BECAUSE OF THAT, STAFF ACTUALLY BROUGHT A COUNCIL OR A BUDGET ITEM TO COUNCIL FOR CONSIDERATION IN THE FY 2324 BUDGET.

AND AT THAT TIME, COUNCIL AWARDED $205,000, UM, FOR, OR INCLUDED IN THE BUDGET $205,000 TO DEVELOP A VISION PLAN FOR THE ACTIVATION OF ADDISON CIRCLE PARK.

AND SO TO BEGIN TO IMPLEMENT THAT VISION IN NOVEMBER OF 2024, STAFF ISSUED AN RFQ SOLICITING RESPONSES FROM QUALIFIED PROJECT TEAMS TO SUBMIT THEIR QUALIFICATIONS.

AND THE RFQ IDENTIFIED THE FOLLOWING METRICS FOR THE PROJECT AND ASKED THE RESPONDENTS TO PROVIDE EXPERIENCE AROUND THE FOLLOWING.

THEY A, WE ASKED FOR CONSULTANTS TO PROVIDE A TRACK RECORD FOR PROVEN AND SUCCESSFUL PUBLIC ENGAGEMENT STRATEGIES.

WE UNDERSTAND THAT THIS PARK IS SURROUNDED BY AN EXISTING COMMUNITY.

IT HAS VERY DIFFERENT DENSITY THAN CLYDE WARREN, ALTHOUGH WE HEARD IN OUR MASTER PLAN THAT OUR RESIDENTS WANTED THAT.

AND SO THERE WILL NEED TO BE A PUBLIC ENGAGEMENT PROCESS, UM, THAT IDENTIFIES WHAT'S THE RIGHT FIT FOR ADDISON, WHAT'S APPROPRIATE FOR OUR RESIDENTS AND VISITORS.

UM, WE HAVE HEARD FROM PEOPLE THAT PRESERVING, UM, OPEN SPACE, IT'S VERY IMPORTANT.

AND SO THOSE ARE IMPORTANT CONVERSATIONS THAT WE NEED TO HAVE, UM, IN ORDER TO DETERMINE WHAT THIS PARK NEEDS TO LOOK LIKE AND WHAT IT NEEDS TO BE.

WE ALSO ASK THE TEAMS TO PROVIDE, UM, THEIR TRACK RECORD FOR CREATING VISIONS FOR DYNAMIC MULTIFUNCTIONAL URBAN PARKS THAT SERVE AS AMENITY TO RESIDENTS AND ATTRACTS VISITORS OF ALL AGES.

WE WERE LOOKING FOR SUBSTANTIAL EXPERIENCE DEVELOPING PROGRAMMING BUBBLE DIAGRAMS THAT INCLUDE SPATIAL ANALYSIS OF USES AND CREATING PART PROGRAMMING ACTIVITY PLANS, WHICH INCLUDES DAILY, WEEKLY, MONTHLY, SEASONAL AND ANNUAL EVENTS.

WE WERE ALSO LOOKING FOR SUBSTANTIAL EXPERIENCE, DEVELOPING PARK OPERATION PLANS THAT IDENTIFY MANAGEMENT, PROGRAMMING, MAINTENANCE, AND SECURITY NEEDS.

AND THEN FINALLY, WE WERE LOOKING FOR A TRACK RECORD WITH REVENUE GENERATION FOR PARKS.

UNDERSTANDING THAT TO IMPLEMENT THE VISION PLAN, WE ALSO NEED TO LOOK AT HOW THIS CAN BE SUSTAINABLE.

UM, SO AS WE ISSUED THAT RFP, UM, THE SELECTION COMMITTEE HAD EIGHT, WE HAD EIGHT, I CANNOT SPEAK THIS EVENING.

WE HAD EIGHT CONSULT, I'LL SLOW DOWN.

WE HAD EIGHT CONSULTANT TEAMS THAT RESPONDED TO THE RFQ.

WE IDENTIFIED FOUR CONSULTANT TEAMS TO MAKE ADDITIONAL PRESENTATIONS TO THE SELECTION COMMITTEE.

AND THE SELECTION COMMITTEE SELECTED OJB LANDSCAPE ARCHITECT AS THE MOST QUALIFIED TEAM.

UM, THEIR SUBMITTAL AND PRESENTATION SHOWCASED AND EXPERIENCED DEVELOPING, OPERATING AND MAINTAINING HIGHLY ACTIVATED PARKS.

THEY HAVE EXPERIENCED DEVELOPING SUCCESSFUL PARK PROGRAMMING STRATEGIES.

THEY HAD A TRACK RECORD FOR SHOWING QUALITY OF SIMILAR URBAN DESIGN PROJECTS.

THEY HAVE EXPERIENCE WITH PHILANTHROPIC AND EXTERNAL FUNDING SOURCES FOR ACTIVATED PARKS.

AND THEY HAD ENGAGEMENT STRATEGIES FOR GATHERING INPUT IN BUILDING CONSENSUS.

SO WITH THAT SAID, I HAVE REPRESENTATIVES FROM OJB HERE.

THEY'RE GOING TO MAKE A PRESENTATION TO INTRODUCE THEIR FIRM TO COUNCIL AND SHARE SOME OF THEIR RELEVANT PROJECT EXPERIENCE WITH COUNCIL.

UM, AND SO I'M GONNA TURN THE PODIUM OVER TO TARA GREEN AND, AND KATIE MARTIN.

AND SO YOU CAN JUST HIT THAT.

ECONOMIC POTENTIAL AROUND THE PARK.

ALL RIGHT.

IT'S GREAT TO BE HERE TONIGHT.

WE APPRECIATE YOU TAKING THE TIME TO, UM, LISTEN TO OUR PRESENTATION.

I'M KATIE MARTIN, AND THIS IS TARA GREEN.

WE'RE BOTH PRINCIPALS IN THE DALLAS OFFICE OF OJB.

UM, TARA HAS A SPECIALTY IN PUBLIC REALM STRATEGIES AND COMMUNITY ENGAGEMENT.

AND I'M A LANDSCAPE DESIGNER.

OJB HAS SIX OFFICES THROUGHOUT THE COUNTRY.

AND SO WITH THAT, WE HAVE A REALLY DEEP BENCH OF EXPERTISE THAT WE CAN REACH OUT TO.

BUT THE DALLAS OFFICE REALLY LIKES TO WORK LOCALLY AND WE HAVE, UM, GREAT RELATIONSHIPS THROUGHOUT THE METROPLEX.

UM, ONE OF THE THINGS THAT'S REALLY IMPORTANT TO US IS THAT WE CALL IT OUR THREE-LEGGED

[01:10:01]

STOOL.

SO WE HAVE OUR PUBLIC REALM STRATEGIES, UH, COMPONENT OF OUR WORK.

WE HAVE OJB LAB, WHICH DOES RESEARCH, UM, YOU KNOW, IN WITHIN LANDSCAPE ARCHITECTURE AND PROJECT SPECIFIC RESEARCH.

AND THEN WE HAVE, UM, CONSTRUCTION AND CONTINUING CARE TEAM.

AND AT THE HEART OF ALL OF THAT IS DESIGN.

SO IN TERMS OF PROJECT MANAGEMENT, SOME OF THE THINGS THAT ARE VERY IMPORTANT TO US ARE COMMUNICATION, COLLABORATION, PLANNING, RESOURCE MANAGEMENT, RISK MANAGEMENT, QUALITY CONTROL, FEEDBACK AND LEADERSHIP.

AND THAT'S A LOT.

BUT I THINK WHAT WE FIND IS OUR PROJECTS ARE SO MUCH RICHER WHEN WE'RE ABLE TO REALLY COLLABORATE WITH OUR CLIENTS AND WHEN WE'RE REALLY ABLE TO LISTEN TO A COMMUNITY, WE ALSO BELIEVE IN EQUITABLE SPACES.

WE THINK IT'S REALLY IMPORTANT.

THAT'S PART OF THE COMMUNITY ENGAGEMENT PROCESS IS BEING ABLE TO IDENTIFY HOW PEOPLE FEEL WELCOME, HOW THEY FEEL ENGAGED WITH THE SPACE.

UM, ONE OF THE THINGS WE WANTED TO GO THROUGH IN OUR INTERVIEW PROCESS WAS OUR APPROACH.

AND, UM, WE FEEL IT'S REALLY IMPORTANT TO DO DISCOVERY IN THE BEGINNING.

SO HOW DO WE GET STARTED? WHAT ARE, WHAT IS THE FACT FINDING? WHAT IS THE SITE ANALYSIS? WE'VE ALREADY BEEN TO THE SITE WE'RE WATCHING TONIGHT.

IT'S AMAZING TO SEE HOW MANY PEOPLE ARE OUT THIS GREAT WEATHER, WALKING THEIR DOGS, ENJOYING THE PARK, RUNNING THROUGH THE PARK.

BUT HOW DO WE PROVE THAT EXPERIENCE? HOW DO WE BUILD ON WHAT YOU HAVE ALREADY, UH, BUILT OUT THERE TO ENHANCE WHAT'S COMING? WE HAVE EYES ON THE PARK THAT IS, AND THAT'S GONNA GROW.

THAT'S GONNA GROW WITH THE FOOT TRAFFIC THAT'S COMING IN AND OUT OF THIS BUILDING.

IT'S GONNA GROW WITH THE TRANSIT-ORIENTED DEVELOPMENT.

AND THEN WE LOOK AT THE BENCHMARKING.

UM, I'M TARA GREEN.

I AM THE PRINCIPAL OF PUBLIC REALM STRATEGIES, AS KATIE SAID.

AND, AND BEFORE I JOINED OJBI WAS THE PRESIDENT OF CLYDE WARREN PARK, SO WAS THE FIRST PRESIDENT OF CLYDE WARREN FOR THE FIRST FIVE YEARS OF THE PARKS OPERATION.

AND OUR FIRM OJB DESIGNED CLYDE WARREN PARK.

SO OUR FIRM HAS BEEN ATTACHED TO THAT PROJECT SINCE IT WAS JUST AN IDEA LONG BEFORE IT EVEN BEGAN CONSTRUCTION IN 2009.

UH, AND SO MY ROLE AT CLYDE WARREN AS A PRESIDENT OF THE 5 0 1 C3 THAT RAN THAT PARK WAS TO PUT A BUSINESS PLAN IN PLACE.

SO JANET WAS TALKING EARLIER ABOUT OUR EXPERIENCE IN OPERATIONS, MAINTENANCE, PROGRAMMING DESIGN, KATIE LEADS DESIGN, I'M YOUR OPERATIONS, MAINTENANCE, BOOTS ON THE STREETS, BEEN THERE, MANAGED A PUBLIC SPACE, AND FIGURED OUT THE BUSINESS MODEL TO MAKE IT SUSTAINABLE SO THAT THAT TWO-PRONGED APPROACH PERMEATES EVERYTHING WE DO THROUGHOUT THIS PROCESS.

AND TARA AND I SIT NEXT TO EACH OTHER.

SO IT IS A GREAT DIALOGUE FOR US TO KIND OF BOUNCE OFF OF EACH OTHER AND, UH, REALLY GET THE BEST OUT OF A PROJECT.

YES, SHE LOOKS AT IT FROM A DESIGNER'S PERSPECTIVE.

I LOOK AT IT FROM AN OPERATIONS MAINTENANCE.

HOW ARE YOU GONNA PAY FOR IT? WHO'S GONNA DO IT? HOW DOES IT LOOK GREAT 10 YEARS DOWN THE ROAD? SO WE WANNA MAKE SURE THAT WE'RE DELIVERING ECONOMIES OF SCALE EFFICIENCIES, GREAT MATERIAL CHOICES THAT ARE BEAUTIFULLY DESIGNED.

YOU DO NOT HAVE TO SACRIFICE DESIGN TO GET SOMETHING THAT'S EFFICIENT AND WE'LL STAND THE TEST OF TIME.

PART OF OUR APPROACH, AND ONE OF THE FOUNDATIONAL THINGS THAT WAS EXPLAINED IN THE RFQ WAS COMMUNITY ENGAGEMENT.

WE TRULY BELIEVE EQUITABLE SPACE IS, ARE A RESULT OF THE COMMUNITY'S INPUT.

HOW DO WE LISTEN TO ALL VOICES? HOW DO WE INVITE THEM IN? HOW DO WE MEET PEOPLE WHERE THEY ARE? NOT EVERYBODY LIKES AN ONLINE OPTION.

SO HOW DO WE GO WHERE PEOPLE ARE? HOW DO WE PULL THEIR VOICES AND ITERATE? HOW DO WE SHOW THEM THAT THEIR VOICES ARE BEING HEARD THROUGHOUT THE PROCESS? AND SO WE ALSO KNOW THAT CREATING CONNECTIONS AND AMPLIFYING OPPORTUNITIES ARE IMPORTANT PART OF THIS VISION PLANNING PROCESS.

AND ONE OF THE CASE STUDIES WE THOUGHT WAS IMPORTANT TO SHOW YOU WAS WHAT OUR NEW PARKS IN OMAHA, NEBRASKA, THREE EXISTING PARKS THAT HAVE BEEN SUBOPTIMIZED FOR YEARS.

JEAN AL HEARTLAND OF AMERICA, LEWIS AND CLARK LANDING.

OUR JOB WAS TO COME IN AND RENOVATE THESE PARKS TO CONNECT DOWNTOWN OMAHA TO THE RIVERFRONT.

EACH PARK IN AND OF ITSELF IS ABOUT THE SIZE OF EDISON CIRCLE PARK, BUT CREATED TOGETHER.

THEY NOW HAVE A UNIFIED EXPERIENCE.

YOU WOULD NOT HAVE WALKED FROM ONE PARK TO THE OTHER IN THE PAST.

NOW THE PEDESTRIAN EXPERIENCE MATTERS.

WE WORKED WITH THEM TO MASTER PLAN THESE PARKS, THEN TO DESIGN AND BUILD THEM.

MY JOB IN ALL OF THAT WAS TO HELP THE NEW MANAGEMENT ENTITY THAT WAS IDENTIFIED AS PART OF THE PROCESS.

THE CITY OF OMAHA PARTNERED WITH LOCAL PHILANTHROPISTS TO CREATE A PUBLIC-PRIVATE PARTNERSHIP TO BUILD IT, BUT THEY DIDN'T KNOW HOW IT, THE PARKS DEPARTMENT WASN'T ABLE TO TAKE IT ON.

SO WE WORKED WITH THEM TO FIND THE RIGHT BUSINESS MODEL THAT MADE SENSE TO OPERATE.

WE PUT AN ACTIVATION PLAN TOGETHER, WE PUT A BUDGET FORECAST TOGETHER.

WHAT WOULD IT COST THEM TO ACTIVATE THESE SPACES? AND THEN WE CREATED THREE PARKS.

UNLIKE ANYTHING THAT HAD BEEN SEEN IN THE STATE OF NEBRASKA, THEY HAVE ALREADY STARTED UNLOCKING THE

[01:15:01]

THERE'S, THEY HAVE AN ICE SKATING RIBBON THAT IS KIND OF VISIBLE.

LET'S SEE IF THE POINTER WORKS.

UH, NO.

BUT THEY DID OVER 50,000 SKATERS THIS WINTER, WHICH FAR EXCEEDED THEIR EXPECTATIONS.

SO AS JANICE SAID, IT'S FINDING THE RIGHT PROGRAM MIX.

WHAT DESIGN MOVES DO WE MAKE THAT MAKES SENSE FOR ADDISON? UH, WHAT MADE SENSE AT OMAHA MIGHT NOT MAKE SENSE HERE.

WHAT, WHAT WE, WHAT WE DID AT CLYDE WARREN MIGHT NOT WORK IN ADDISON, BUT WE WANNA FIND THE AUTHENTIC REPRESENTATION OF WHAT THE COMMUNITY WANTS AND WHAT THE OPPORTUNITIES WILL SUPPORT AND THEN DELIVER AGAINST THAT.

AND SO RECOGNIZING TRANSIT-ORIENTED DEVELOPMENT IS COMING.

HOW DO WE ENHANCE THEIR EXPERIENCE? HOW DO WE GIVE PEOPLE A REASON TO LINGER LONGER? HOW DO WE SUPPORT RETAIL THAT'S FRONTING THE PARK ALREADY? HOW DO WE DRIVE NEW RETAIL OPPORTUNITIES? HOW DO WE MAKE IT SUSTAINABLE ON AN ANNUAL BASIS? ONE OF THE THINGS WE'VE DONE IN EACH ONE OF OUR PARKS RECENTLY IS LOOK AT THE PARTICULAR BUSINESS MODEL.

WE RECOGNIZE THERE ARE ESSENTIALLY FIVE REVENUE STREAMS THAT CAN BE EARNED FROM PUBLIC SPACES.

NOT ALL OF THEM ARE EQUAL.

NOT ALL OF THEM ARE POSSIBLE IN EVERY PUBLIC SPACE.

SO PART OF OUR DISCOVERY STARTED OUR PART OF OUR INITIAL ANALYSIS.

FIGURE OUT WHAT IS ALLOWED BY THE TOWN, WHAT MIGHT BE OTHER OPPORTUNITIES THAT WE CAN EXPLORE.

WE ALWAYS SAY THAT ACTIVE SPACES HAVE TO BE ACTIVELY MANAGED.

IT'S NOT JUST BUILD IT AND WATCH THE PEOPLE COME.

IT'S BUILD IT AND THEN INVITE THEM IN, GIVE THEM THINGS TO DO.

THAT'S WHAT MAKELY WARREN PARK.

SO SUCCESSFUL.

CLYDE WARREN PARK HOST OVER 1300 FREE PROGRAMS AND EVENTS ANNUALLY.

IT'S HOSTING OVER A MILLION PEOPLE ANNUALLY.

WHEN WE FIRST STARTED, WE HAD THREE PEOPLE ON STAFF, MYSELF AND TWO OTHERS.

THE PARK HAD BEEN OPEN FOR SIX MONTHS.

IT WAS DRINKING FROM A FIRE HOSE, BUILDING OUR AIRPLANE AND FLIGHT.

THE BIT, THE GOOD NEWS IS I'VE LEARNED A LOT OF LESSONS THE HARD WAY.

I TOOK 25 YEARS FROM THE SPORTS AND ENTERTAINMENT WORLD AND APPLIED THEM TO RUNNING A PUBLIC VENUE.

I DIDN'T KNOW HOW TO KEEP THE GRASS GREEN OR THE TREES ALIVE, BUT WE LEARNED WE HAD GREAT PEOPLE THAT WERE ABLE TO DO THAT.

BUT WHAT WE DID WAS BROUGHT AN ENTREPRENEURIAL MINDSET TO MANAGING A PUBLIC SPACE, THINKING ABOUT IT DIFFERENTLY.

BUT IT WAS DESIGNED BY OJB IN ORDER TO ALLOW THOSE THINGS TO HAPPEN.

BUT IT ALSO IS A BEAUTIFUL PARK.

SO WHEN NO ONE'S IN IT, IT STILL FEELS COMFORTABLE, IT STILL FEELS INVITING, IT'S SHADY.

THERE ARE PLACES FOR RESPITE, BUT IT NEEDS TO BE ABLE TO FLEX UP FORK A BOOMTOWN FOR TASTE OF ADDISON.

HOW DO WE ENHANCE THOSE AMAZING EVENTS YOU'RE ALREADY HOSTING? HOW DOES IT WORK TO MAKE THOSE EXPERIENCES BETTER? AND THEN WHEN THOSE EVENTS ARE NOT HAPPENING, IT'S A BEAUTIFUL CIVIC SPACE THAT YOU CAN JUST ENJOY.

AND I THOUGHT THIS WAS REALLY AN INTERESTING SLIDE.

CLYDE WARREN PARK IS 5.2 ACRES ADDISON CIRCLE PARK.

AND THE FOOTPRINT THAT IT ENCOMPASSES IS ALMOST DOUBLE THAT OVER DOUBLE THAT.

LOT OF OPPORTUNITY HERE TO CREATE REALLY FLEXIBLE DESIGN MOVES TO APPEAL TO A REALLY DIVERSE AUDIENCE.

AND THE PROGRAM AT CLYDE WARREN PARK IS, IS RELATIVELY SIMPLE CHILDREN'S PLAY, BUT WHEN WE DESIGNED IT, THERE WERE NO CHILDREN LIVING AROUND THE PARK.

THE AGE GROUP THAT'S GROWING THE FASTEST NOW IS ZERO TO FIVE YEARS OLD.

SO IT'S INTERESTING WHAT THESE KINDS OF INVESTMENT IN GREEN CAN DO TO UNLOCK ADDITIONAL RESIDENTS, ADDITIONAL POTENTIAL DOG PARK, YOU KNOW, BECAUSE NO ONE WAS LIVING AROUND CLYDE WARREN PARK WHEN IT OPENED IN 2012.

NO ONE SAW THE NEED FOR THE DOG PARK, BUT THE CHILDREN'S PARK AND THE DOG PARK ARE PROBABLY THE TWO MOST ACTIVE SPACES IN THAT PARK.

AND AS I MENTIONED, THE FIVE REVENUE STREAMS EARLIER, THOSE ARE THE FIVE THAT CLYDE WARREN PARK DEPENDS ON.

UH, AND THEY, THEY EBB AND FLOW.

THERE ARE TIMES WHEN THERE IS MORE EVENT RENTAL INCOME, LESS SPONSORSHIP INCOME, MORE FOOD AND BEVERAGE, UH, LESS GRANT AND FUNDRAISING.

SO IT, IT ALL DEPENDS.

IT'S CYCLICAL.

IT DID TAKE US FOUR YEARS TO BREAK EVEN.

WE OPERATED IN A DEFICIT OUR FIRST THREE YEARS.

BUT THE CAP, THE CAMPAIGN, THAT WAS THE CAPITAL CAMPAIGN THAT BUILT THE PART, ACCOMMODATED THAT.

AND WE'VE LEARNED A LOT OF LESSONS SINCE THEN.

HOW TO CREATE OPPORTUNITIES.

IF THERE IS A CAPITAL CAMPAIGN THAT COULD SUPPORT ADDISON CIRCLE PARK IN SOME WAY, IF THERE ARE DONOR OPPORTUNITIES, A SET ASIDE FROM EACH OF THOSE GIFTS MIGHT GO INTO OPERATIONS AND MAINTENANCE.

BUT WHEN I LEFT IN 2018, THE CLYDE WARREN PARK WAS GENERATING 4.4 MILLION IN REVENUE TO A $4.2 MILLION EXPENSE BUDGET.

IT'S NOW CLOSE TO FIVE AND A HALF, 6 MILLION.

IT GREW FROM A STAFF OF THREE TO A STAFF OF ABOUT 16.

BUT IT GREW AS REVENUE GREW.

THAT DOES NOT MEAN THAT'S WHAT WE HAVE TO DO HERE.

THAT'S JUST GIVING YOU AN EXAMPLE OF WHAT

[01:20:01]

WE WERE ABLE TO DO IN ANOTHER AREA.

ASSESSED PROPERTY VALUES WENT FROM 2.5 BILLION IN 2012 AROUND CLYDE WARREN TO 6.2 BILLION IN 2020.

SO IT'S THE PARK EFFECT.

WE'VE SEEN IT IN OMAHA, WE'VE SEEN IT IN KANSAS CITY WHEN WE DO ANNOUNCED WE ARE DOING A NEW DECK PARK IN DOWNTOWN KANSAS CITY.

THE ROYALS HAVE JUST ANNOUNCED THEY'RE MOVING.

THEY'RE LOOKING AT DOING THEIR NEW BASEBALL FACILITY ADJACENT TO THE DECK PART THAT WE'RE DESIGNING IT, IT, THESE GREEN SPACES ARE REALLY IMPORTANT BUSINESS DRIVERS AND THEY'RE REALLY GREAT SPACES TO BE AVAILABLE YEAR ROUND.

I WON'T GET INTO THE DETAILS, BUT WE UNDERSTAND HOW TO ACTIVATE IT.

THE RFQ ASKED, CAN YOU DO DAILY, WEEKLY, MONTHLY? THOSE THINGS ARE SO IMPORTANT BECAUSE THAT UNLOCKS REVENUE POTENTIAL.

AND THEN WHAT IS THE USER EXPERIENCE? KATIE AND I SPENT A LOT OF TIME THINKING ABOUT WHAT'S THE JOURNEY THROUGH THE SPACE? WHO ARE THE USER GROUPS THAT WOULD BE USING IT? HOW DO WE GET THEM TO LINGER LONGER? HOW DO WE GET THEM TO COME OUT HERE IN DECEMBER IN, IN THE SUMMER, IN THE SPRING WHEN IT'S 102 DEGREES OUTSIDE, THEY'RE STILL WANTING TO USE THE PARK.

SO WE NEED TO BE ABLE TO ACCOMMODATE THAT.

AND THE LAST THING, HOPEFULLY, YOU KNOW, MY FINGERS ARE CROSSED THAT WE'RE GONNA BE ABLE TO SHOW YOU A VIDEO OF OUR PARK IN OMAHA THAT TELLS THE STORY BETTER THAN WE EVER COULD OF WHAT THESE KIND OF SPACES COULD MEAN.

AND WE REALLY APPRECIATE THE FACT THAT OUR TEAM OJB, THAT HAS EXPERIENCED LOCALLY.

KATIE AND I HAVE BEEN LONGTIME RESIDENTS OF THE NORTH TEXAS AREA.

SHE'S A NATIVE.

I GOT HERE AS QUICK AS I COULD AND HAVE BEEN HERE FOR 30 PLUS YEARS.

BUT WE HAVE SEEN THE TOWN OF ADDISON GROW AND GROW AND GROW.

AND WE LOVE COMING TO YOUR EVENTS HERE.

AND WE'RE REALLY PROUD TO BE A PART OF WHAT THE FUTURE OF ADDISON CIRCLE WILL LOOK LIKE.

AND JANA, WHAT DO I HIT HERE TO MAKE IT GO FORWARD? RIGHT HERE.

RIGHT THERE.

HEY, GREEN CHEESE ON ALL DIFFERENT COLORS OF THE FLOWERS.

THIS IS JEAN.

LIKE I ALSO GOT TO CLIMB ON THE CLIMBING WALL.

I LIKE, I LIKE PLAYING HERE.

THE BIG SLIDES.

I LIKE GOING FIRST LIKE SPEEDY.

THIS WAS A PARK THAT HAD BEEN IN OMAHA FOR 40 YEARS AND IT WAS A DEPRESSED PARK, MEANING IT WAS LITERALLY BELOW STREET LEVEL.

THESE SLIDES WERE ORIGINAL, WE PRESERVED THEM, BUT WE INTRODUCED EVERYTHING ELSE.

WE BROUGHT THE PARK UP TO GRADE, CREATED A LAWN.

WE CREATED PLAY ELEMENTS THAT ARE BEAUTIFUL.

WATER FEATURES.

PUBLIC ART IS THROUGHOUT THE PARK.

THAT WAS REALLY IMPORTANT TO PARK WITH THEIR MUSEUMS. ONE OF THE TIMES I THOUGHT ABOUT EVERY AGE GROUP WITH THE BIG SLIDES FOR THE OLDER KIDS, THE SMALLER SLIDES AND THIS WATER PARK HERE TO JUST SIT AND WATCH YOUR KIDS.

I FEEL LIKE THEY THOUGHT ABOUT EVERY AGE GROUP.

THE TREND HAS CHANGED.

IT USED TO BE IN AN URBAN SETTING THAT YOU WOULD BRING BUSINESSES AND PEOPLE WOULD FOLLOW.

THAT HAS TOTALLY CHANGED.

RIGHT NOW IT IS.

YOU BRING PEOPLE AND THE BUSINESSES WILL FOLLOW.

SO THE MAYOR'S BEEN INCREDIBLY SUPPORTIVE OF THIS PROJECT FROM CONCEPT.

I CAME IN FROM OUT OF TOWN.

I LIVE IN LAS CRUCES, NEW MEXICO AND CAME, I'M A SCHOOL TEACHER.

SAY FOR EXAMPLE, I WERE TO BRING A CLASSROOM DOWN HERE TO GO TO THE OLD MARKET AND JUST SHOW THEM THE HISTORY OF HOW NEBRASKA DEVELOPED IN OMAHA IN PARTICULAR.

BUT THEN THEY COULD ALSO GO TO THE MUSEUMS THAT ARE VERY CLOSE BY IN WALKING PROXIMITY.

IT'S ONE OF A KIND PLAY AND IT'S NOT TERRIBLY COMPLICATED, BUT IT'S INTERESTING BECAUSE KIDS HAVEN'T SEEN IT BEFORE.

AND SO THEY WANNA COME BACK.

PARKS AREN'T BUILT EVERY DAY AND CERTAINLY NOT ONES LIKE THIS.

AND IT'S GREAT TO BRING PEOPLE TOGETHER FROM WEST OMAHA AND EAST OMAHA, DOWNTOWN OMAHA.

BUT ALSO TOO, IT'S GREAT FOR PEOPLE THAT ARE BRAND NEW TO OMAHA OR DON'T KNOW WHAT OMAHA HAS TO OFFER.

HOPEFULLY THAT GIVES YOU A LITTLE FLAVOR OF OUR WORK AND WE'RE REALLY EXCITED TO BE ON YOUR TEAM AND WE THANK YOU FOR THE OPPORTUNITY TO PRESENT TO YOU TONIGHT.

THANK Y'ALL SO MUCH.

UM, I DID WANNA AT THE END OF THIS PRESENTATION LET YOU KNOW THAT WE CAN ANSWER ANY QUESTIONS THAT YOU MIGHT HAVE ABOUT THE PROPOSAL.

UM, JUST A FEW OTHER NEXT STEPS TO UPDATE YOU ON IS AT THE NEXT COUNCIL MEETING, WE WILL BE BRINGING A WORK SESSION ITEM FOR YOU TO DISCUSS THE FORMATION OF A PUBLIC ADVISORY COMMITTEE.

UM, BECAUSE LIKE I SAID, PUBLIC ENGAGEMENT WILL BE VERY IMPORTANT.

SO THAT'LL BE ONE OF OUR NEXT STEPS.

AND THEN, UM, THE CONTRACT AMOUNT THAT IS INCLUDED IS LESS THAN WHAT WAS BUDGETED, BUT WE HAD EARMARK SOME FUNDS TO TAKE THE ADVISOR MEMBERS OF THE ADVISORY COMMITTEE AND STAFF, UM, ON A BENCHMARK PARK TOUR.

AND SO THOSE ADDITIONAL FUNDS WILL BE ALLOCATED TO THAT PARK TOUR.

UM, SO ONE OF OUR FIRST STEPS WILL BE SEEING WHAT ARE OUR OTHER COMPETITOR CITIES DOING IN

[01:25:01]

TEXAS AND KIND OF AROUND TEXAS.

AND THEN HOW DO WE START TO, UM, ADDISON CIRCLE DISTRICT HAS ALWAYS BEEN VERY INNOVATIVE.

SO OUR APPROACH WILL BE HOW CAN WE BE THE NEXT GREAT PARK THAT EVERYBODY WANTS TO GO TO AND ENJOY.

JUST LIKE ADDISON CIRCLE DISTRICT HAS ALWAYS BEEN, IT'S BEEN ONE OF THE NEXT NEW DEVELOPMENTS THAT PEOPLE WANTED TO SEE AND EXPERIENCE.

AND SO THAT WILL BE OUR GOAL AS WE MOVE FORWARD ON THE PROJECT.

AND WITH THAT, I'LL ANSWER ANY QUESTIONS THAT YOU MIGHT HAVE FOR US AND THE CONSULTANTS CAN ALSO ANSWER ANY QUESTIONS THAT YOU MIGHT HAVE OF THEM.

GREAT.

UH, GREAT PRESENTATION.

THANKS Y'ALL.

APPRECIATE THAT.

WHO'S GOT THE FIRST QUESTIONS? EILEEN? JAN.

HOW BIG WILL THE PUBLIC ADVISORY COMMITTEE BE? WHAT'S YOUR RECOMMENDATION? SO THAT'S ONE OF OUR WORK SESSION ITEMS. UM, AND SO ONE OF THE STRUGGLES THAT WE'RE GONNA HAVE, AND THIS IS SIMILAR TO WHAT YOU SAW ON THE QUORUM ROAD PROJECT, IS WE NEED TO ENGAGE OUR RESIDENTS IN THIS PROCESS, BUT WE ALSO NEED TO ENGAGE, UM, SOME OF THE BUSINESS COMMUNITY AND SOME OF OUR VISITORS THAT WILL COME TO THE PARK AND ENJOY.

AND SO THAT WORK SESSION WILL BE DESIGNED TO SET THE SIZE OF THAT ENGAGEMENT COMMITTEE.

WE'LL MAKE SOME RECOMMENDATIONS AT THAT TIME.

GQ, I I HAVE A QUESTION, MAYOR.

UH, WHAT DEPARTMENTS WERE REPRESENTED ON THE TOWN SELECTION COMMITTEE? SURE.

TEAM, I SHOULD SAY.

SO, UH, UH, FINANCE WAS INVOLVED.

UM, ANYTIME WE PUT A PROJECT OUT TO BID, THEY HAVE SOMEBODY THAT'S SETTING ON THE COMMITTEE.

UM, THE PARKS DEPARTMENT WAS REPRESENTED AND THE PLANNING DEPARTMENT WAS REPRESENTED.

AND THEN CITY MANAGER'S OFFICE WAS INVOLVED IN THAT SELECTION COMMITTEE, UH, IN RECREATION.

AND WE SAW IN THE INTRODUCTION OF THE BACKGROUND OF THE AGENDA ITEM, UH, SOME OF THE REQUIREMENTS OR, OR SOME OF THE QUALIFICATIONS.

CAN YOU TELL US A LITTLE BIT MORE ON THE SCORING THAT THE EIGHT EIGHT TEAMS THAT RESPONDED TO THE RFQ HAD TO, UH, UNDERWENT? SURE.

WE SCORED THE TEAMS ON THEIR, UM, PROJECT EXPERIENCE RELATED TO SIMILAR TYPE PROJECTS THAT THEY'VE COMPLETED IN THE LAST FIVE YEARS.

UM, WE SCORED THEM ON THEIR REFERENCES PROVIDED FROM THEIR CLIENTS, AND THEN WE SCORED THEM ON THEIR ABILITY TO, UM, THEIR TRACK RECORD THAT THEY SHOWED US ON BEING ABLE TO DEVELOP OPERATIONS, PROGRAMMING AND THEN REVENUE GENERATION FOR PARKS.

SO THOSE ARE THE ITEMS THAT, UM, WE SCORED.

DURING THE CONVERSATIONS YOU HAD WITH THESE TEAMS, WAS THERE A TIMELINE, OVERALL TIMELINE THAT WAS BEING CONSIDERED OR DISCUSSED FOR THE DEVELOPMENT OF THE DESIGN ITSELF? SURE.

SO WE, UM, WE GAVE KIND OF A, A LOOSE TIMELINE IN THE RFQI THINK IF WE WERE WANTING TO COMPLETE THE PROJECT WITHIN THE NEXT YEAR.

UM, AND THEN WE HAD THE CONSULTANTS APPLY THEIR PROPOSED TIME FOR ALL THE TASK THAT THEY WOULD BE DOING.

SO IF YOU NOTICE THAT I DID ATTACH A SPREADSHEET TIMELINE THAT THE CONSULTANT HAD PROVIDED FOR US, I THINK IT SHOWS THEM FINISHING UP IN SEPTEMBER.

I WILL SAY, UM, PART OF THAT WAS DEPENDENT ON HAVING A ADVISORY COMMITTEE VERY SOON.

SO THAT SEPTEMBER DATE MAY PUSH BY A COUPLE OF WEEKS BECAUSE WE'RE GONNA GO THROUGH THIS PROCESS TO A APPOINT AN ADVISORY COMMITTEE, BUT THEIR TIMELINE WAS SMALLER THAN WHAT WE HAD INCLUDED IN THE RFQ.

THANK YOU, JENNA.

WHO ELSE HAS QUESTIONS? I JUST HAVE SOME FEEDBACK JUST FROM BEING A USER OF CLYDE WARREN PARK.

SO KUDOS TO YOUR, YOUR ACCOMPLISHMENTS WITH THAT PROJECT, BECAUSE I'VE USED IT AS AN ADULT AND I'VE USED IT WITH MY GRANDKIDS AND IT'S SOMETHING THAT, AND LOOKING AT THE SCOPE OF ALL THESE OTHER PROJECTS, IT ALMOST MAKES ME WANT TO GO VISIT PARKS.

'CAUSE THERE'S SOME THINGS THAT ADULTS CAN ENTERTAIN THEMSELVES WITH AS WELL.

AND MAYBE I SHOULD GET A DOG .

SO THANK YOU FOR THE PRESENTATION.

IT WAS AMAZING.

DAN MARLIN.

YEAH, I THANK YOU, MAYOR.

I'VE JUST GOT A JUST KINDA INTERESTING LOOKING AT CLYDE WARREN PARK AND LOOKING AT HOW IT WAS SPLIT UP AND, AND, UM, IT JUST MADE ME REALIZE, UM, I WAS THINKING ABOUT, UH, OUR CURRENT EVENTS AND OUR FUTURE EVENTS AND, AND MAYBE SOME RESTAURANTS AND ALL THIS STUFF THAT THAT'LL COME, THAT'LL BE BUILT.

BUT, UH, IT'S JUST KINDA INTERESTING LOOKING AT THE SQUARE FOOTAGE DEDICATED TO THE CHILDREN'S PARK.

MARLON, YOU KNOW, I LOOK, I LOOK AT, UH, AT THE WAY WE'VE ALWAYS LOOKED AT ADDISON CIRCLE PARK IS, IT'S, IT'S A GREAT PLACE AND, AND IT'S A SPECIAL PLACE.

CHILDREN'S AREA, THE DOG, THE DOG PARK.

UM, MAYBE ENHANCING OUR PERFORMANCE OF THINGS LIKE THAT.

AND, UM, IT'S JUST A GREAT PRESENTATION.

IT'S VERY, UH, INTERESTING MAYBE, UM, MADE ME OPEN MY MIND THAT WE NEED TO REIMAGINE, UM, SOME THINGS WE CAN DO WITH OUR ADDISON CIRCLE PARK.

YEAH, REALLY, REALLY GREAT POINT.

[01:30:01]

AND WE HAVE ALL THESE GREAT MEMORIES THAT, THAT WE'VE ALL CREATED THERE, BUT WE'VE NEVER LOOKED AT IT FROM YOUR EYES.

AND, AND I REALLY APPRECIATE THE WAY YOU ALL ARE LOOKING AT THIS WITH THAT.

I LIKE YOUR, YOUR COMMENT ABOUT HAVING THE ENTREPRENEURIAL MINDSET AND, AND WE PROBABLY HAVE NEVER LOOKED AT IT THAT WAY.

AND, UH, AND I, AND I REALLY LOVE THE PRESENTATION.

I LOVE THE WORK THAT YOU ALL, UH, HAVE DONE.

AND, UH, YOU SEEM TO BE UNIQUELY QUALIFIED TO TAKE THIS AND REIMAGINE, UH, WHAT ADDISON CIRCLE PARK CAN BE IN THE FUTURE.

SO, UM, I APPRECIATE THE, UH, THE PRESENTATION AND YOUR EXPERTISE, AND JANET, ALL YOUR HARD WORK AND YOUR STAFF.

UM, IF THERE'S NO OTHER COMMENTS, I'D LOVE TO ENTERTAIN A MOTION.

I MOTION, UH, THAT WE APPROVE THE, UH, THE, UH, THAT WE APPROVE THE APPROVAL, UH, FOR THE FUNDS FOR THIS, UH, THIS AGREEMENT.

AND I'D LIKE TO SECOND ALSO YOUR COMMENTS.

WONDERFUL PRESENTATION.

LOVE TO THINK ABOUT WHAT THE FUTURE COULD LOOK LIKE AND EVEN SUSTAINABILITY.

UH, THAT'S AN OPTION AND WE MAY NOT GO WITH THAT, BUT I, I MOTION TO APPROVE.

I SECOND, SECOND FOR MARLON.

I HEARD HIM LOUDER.

ALRIGHT, WE HAVE MOTION.

AND SECOND ALL.

ANY DISCUSSION? ALL IN FAVOR? AYE.

ANY OPPOSED? ITEM IS APPROVED.

THANK YOU SO MUCH AND CONGRATULATIONS AND LOOKING FORWARD TO SEEING WHAT YOU BRING US.

FIVE B, PRESENT, DISCUSS AND CONSIDER ACTION ON A RESOLUTION ACCEPTING THE RESIGN RESIGNATION OF PLANNING AND ZONING COMMISSION PLACE SIX.

THANK YOU ALL.

ALRIGHT, ITEM

[b. Present, discuss, and consider action on a Resolution accepting the resignation of Planning & Zoning Commission Place 6 and appointing a new commissioner for a term ending on December 12, 2025.]

AND APPOINTING A NEW COMMISSIONER FOR A TERM ENDING ON DECEMBER 12TH, 2025.

AND THIS IS TO REPLACE THE, UH, SEAT THAT WAS VACATED BY, UH, CHRIS D FRANCISCO VALENCIA.

GOOD EVENING, MAYOR AND COUNCIL.

VALENCIA GARCIA, INTERIM CITY SECRETARY.

UM, SO AS THE MAYOR SAID, THIS ITEM IS TWOFOLD.

ONE WILL BE ACCEPTING THE RESIGNATION OF CHRIS D FRANCISCO, WHO WAS THE PLANNING AND ZONING COMMISSIONER FOR PLACE SIX.

HE TENDERED HIS RESIGNATION ON FEBRUARY 5TH, UM, THUS CREATING THE VACANCY FOR PLACE SIX.

UM, COMMISSIONER D FRANCISCO WAS NOMINATED BY COUNCIL MEMBER LUCIO IN DECEMBER, 2023.

AS SUCH, IT'S HIS PLACE TO, UM, NOMINATE AND NOMINATE FOR THE PLACE SIX'S UNEXPIRED TERM.

UM, COUNCIL MEMBER LISIO HAS NOMINATED ED COPELAND FOR THIS TERM.

IF NOMINATED, THE NEW COMMISSIONER WOULD SERVE FROM FEBRUARY 28TH, 2024.

SO TOMORROW THROUGH DECEMBER 12TH, 2025.

AND WITH THAT TAKE ANY QUESTIONS? VERY GOOD.

ANY QUESTIONS, MARLON? NO QUESTIONS.

ALL RIGHT.

ANYBODY HAVE QUESTIONS? AND WE JUST HAD A POINT OF CLARIFICATION EARLIER THAT THIS WAS, SINCE THIS IS AN UNEXPIRED TERM, THAT THIS WOULD NOT BE A FULL TERM COUNTING AGAINST THE THREE CONSECUTIVE TWO YEAR TERMS. SO THIS PERSON COULD POTENTIALLY BE SERVING ALMOST EIGHT YEARS IF THEY, IF THEY CHOSE AND KEPT GETTING REAPPOINTED.

SO JUST, JUST FOR CLARIFICATION, SO EVERYBODY UNDERSTANDS WHAT WE'RE LOOKING AT HERE.

ANY QUESTIONS FROM ANYBODY? WOULD YOU LIKE TO MAKE A MOTION, MR. LUCIO? I'D LIKE TO MOTION, SO I GUESS IT WOULD BE FIVE B TO APPOINT ED TO PLANNING AND ZONING AT COPELAND.

VERY GOOD.

I'D LIKE TO SECOND THAT.

MAYOR SECOND FROM MARLON.

ANY DISCUSSION? ALL IN FAVOR? AYE.

CONGRATULATIONS ED COPELAND.

YOU OPPOSED? ALL RIGHT.

THANK YOU DAN.

AND THANK YOU VALENCIA.