* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.
          [00:00:03]
          OKAY. 
          [1. Call Meeting to Order and Announce that a Quorum is Present]
GOOD EVENING EVERYBODY. 
          IT IS FIVE 30. 
          WE'LL CALL TO ORDER THIS MEETING OF THE ADDISON CITY COUNCIL FOR OUR WORK SESSION MEETING ON NOVEMBER 4TH, 2025. 
          WE DO HAVE A QUORUM OF THE COUNCIL PRESENT WITH ALL MEMBERS IN ATTENDANCE THIS EVENING. 
          AND AS ALWAYS, WE WOULD LIKE TO START A MEETING WITH THE PLACE OF BOTH OF OUR FLAGS. 
          IF YOU'LL PLEASE RISE. 
          I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL HONOR, TEXAS FLAG, I PLEDGE ALLEGIANCE TO THE TEXAS ONE STATE UNDER GOD. 
          ONE INDIVISIBLE. 
          FIRST TIME I WORKED . 
          ALRIGHT, UH, WE'LL 
          [3. 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):]
GO RIGHT INTO ITEM NUMBER THREE, CLOSED MEETING. 
          THE ADDISON CITY COUNCIL WILL ENTER A CLOSED MEETING PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 51 DASH 7 1 9 TO DISCUSS THE FOLLOWING ITEMS. AND WE HAVE TWO ITEMS IN ENC CLOSED MEETING TONIGHT. 
          THREE A PURSUANT TO SECTION 5 51 0 7 1, SECTION ONE, ECONOMIC DEVELOPMENT NEGOTIATIONS TO DISCUSS OR DELIBERATE REGARDING COMMERCIAL OR FINANCIAL INFORMATION THAT THE GOVERNMENTAL BODY HAS RECEIVED FROM A BUSINESS PROSPECT THAT THE GOVERNMENTAL BODY SEEKS TO HAVE, LOCATE AND STAY OR EXPAND IN OR NEAR THE TERRITORY OF THE GOVERNMENTAL BODY AND WITH WHICH THE GOVERNMENTAL BODY IS CONDUCTING ECONOMIC DEVELOPMENT NEGOTIATIONS. 
          AND THIS IS, UH, PROJECT RUSHMORE. 
          THE NEXT ITEM IS THREE B PURSUANT TO SECTION 5 51 0.07. 
          ONE. 
          CONSULTATION WITH ATTORNEY TO SEEK LEGAL ADVICE REGARDING MATTERS RELATED TO DART AREA, RAPID TRANSIT, DART INCLUDING, BUT NOT LIMITED TO CORRESPONDENCE PROGRAMS, FUNDING AGREEMENTS, AND ANY ASSOCIATED LEGAL RIGHTS OBLIGATIONS OR POTENTIAL ACTIONS. 
          IT'S 5 32 AND WE'LL GO INTO CLOSED SESSION AT THIS TIME. 
          OKAY, IT IS SEVEN 12 AND WE'LL RECONVENE THE COUNCIL INTO OPEN SESSION AFTER OUR CLOSED SESSION. 
          AND THERE'S NO ACTION TO BE TAKEN FROM THAT CLOSED SESSION. 
          ALRIGHT, SO WE'RE BACK INTO OUR OPEN MEETING. 
          AND, UH, BEFORE WE GO INTO OUR WORK SYSTEM REPORTS, UH, WE DON'T HAVE IT LISTED HERE, BUT WE NORMALLY, WE DO HAVE A, UH, PUBLIC COMMENT SECTION AT THE BEGINNING OF OUR WORK SESSION. 
          AND SO WE'RE GOING TO GO AND INSERT THAT AT THIS TIME. 
          WE DO HAVE, WANT SOMEBODY THAT WOULD LIKE TO SPEAK. 
          AND SO I WILL, UH, OPEN THAT, THAT, UH, PUBLIC COMMENT SECTION AND CALL ON SCHNELL. 
          THANK YOU. 
          AND YOU CAN GO TO THE DEAR. 
          THANK YOU. 
          AND YOU HAVE THREE MINUTES, AND PLEASE GIVE US YOUR NAME AND ADDRESS FOR THE RECORD. 
          ABSOLUTE. 
          UM, SO MY NAME IS CHANEL LAN. 
          I AM 1 7 0 7 2 KNOX LANDING, OF COURSE, HERE IN EDISON, TEXAS. 
          SO, MR. MAYOR, MEMBERS OF THE COUNCIL, TOWN MANAGER AND STAFF, THANK YOU FOR THE OPPORTUNITY TO ALLOW SPEAK THIS EVENING. 
          I'D LIKE TO BEGIN WITH A SIMPLE QUESTION. 
          WHAT MAKES ADDISON MORE THAN JUST A COLLECTION OF STREETS AND BUILDINGS? WHAT MAKES US A COMMUNITY? IN MY OPINION, IT'S OUR SHARED COMMITMENT TO ONE ANOTHER. 
          IT'S THE KNOWLEDGE THAT IN ADDISON, WE LOOK OUT FOR OUR NEIGHBORS. 
          WE ARE TOWN THAT PROJECT STAFF ON SAFETY, INNOVATION, AND A HIGH QUALITY OF LIFE. 
          TONIGHT, I'M PROPOSING AN ORDINANCE THAT EMBODIES THAT SPIRIT, A SIMPLE YET PROFOUND MEASURE. 
          I'M CALLING ADDISON CARES WILLINGNESS CHECK INITIATIVE. 
          THIS, THE PREMISE IS STRAIGHTFORWARD. 
          WE ARE CREATING A S SAFETY NET FOR OUR MOST VULNERABLE RESIDENTS. 
          THAT WAS LIKE MY NEIGHBOR, MS. P IS WHAT I WILL CALL HER, THAT WAS RECENTLY DISCOVERED IN HER HOME. 
          THE ORDINANCE WOULD MANDATE THAT IF A RESIDENTS UTILITIES WILL SHUT OFF FOR NON-PAYMENT. 
          AND IF THERE HAVE BEEN NO COMMUNICATION OR NON-PAYMENT OF ACTIVITY FOR, UM, SOMEONE TRYING TO MAKE, UM, SOME, SO I'M TRYING TO MAKE THIS PAYMENT ARRANGEMENTS. 
          AND IF THERE'S NO ACTIVITY ON THE CAMP FOR 60 DAYS, OUR SYSTEM WOULD AUTOMATICALLY FLAG THAT ADDRESS. 
          THE TRIGGER WOULD PROMPT AN AUTOMATIC AUTOMATIC WELLNESS CHECK BY OUR TRAINED POLICE PERSONNEL. 
          NOW LET'S TALK ABOUT THE WHY. 
          WE ALL HOPE THAT A DARK HOME IS SIMPLY A SIGN THAT SOMEONE IS ON AN EXTENDED VACATION. 
          BUT WE MUST ALSO CONSIDER THE OTHER MORE 
          [00:05:01]
TROUBLING POSSIBILITIES. 
          AN ELDERLY RESIDENT WHO HAS FALLEN AND CANNOT CALL FOR HELP OR MEDICAL EMERGENCY, EMERGENCY LEAKING CAPACITATED, A VULNERABLE DUCT HAS BEEN ABANDONED. 
          IN THESE SITUATIONS, THE SHUT OFF OF WATER AND POWER ARE UNCHECKED. 
          MAIL IS NOT THE CAUSE OF CRISIS. 
          IT IS THE CLEAREST AND LOUDEST ALARM BELL. 
          THE THEN THE CRISIS MAY ALREADY BE HAPPENING. 
          WE HAVE A RESPONSIBILITY TO LISTEN TO THAT ALARM. 
          THIS PROGRAM IS NOT ABOUT CRIME, IT'S ABOUT PREVENTING A TRAGEDY THAT COULD GO UNDISCOVERED FOR WEEKS OR IN MRS. KING'S CASE FOR MONTHS. 
          IT'S ABOUT THE VULNERABILITY OF A TOWN LIKE OURS TO PROTECT THE SAFETY AND HEALTH AND WELFARE OF ITS RESIDENTS. 
          I JUST WANNA BE VERY CLEAR. 
          THIS IS NOT A, A PROPOSED ORDINANCE. 
          THAT IT'S NOT A, A PUNITIVE MEASURE. 
          IT IS A PROACTIVE CARE BASED INTERVENTION. 
          IT IS NOT FOR ACCOUNTS THAT ARE SIMPLY LATE ON PAYMENT. 
          THE 60 DAY PERIOD OF COMPLETE INACTIVITY ARE DELIBERATELY SET AT A HIGH BAR. 
          AND IT IS DESIGNED TO FILTER OUT ALL OF THE MOST CONCERNING CASES. 
          IT'S NOT A BURDEN TO OUR POLICE FORCE IN, IN MY, UM, OPINION. 
          THE PROCESS SHOULD BE STREAMLINED AND EFFICIENT. 
          OUR UTILITY DEPARTMENT WILL GENERATE A SIMPLE MONTHLY REPORTS. 
          OUR POLICE DEPARTMENT, WHICH ALREADY PERFORMS WELLNESS CHECKS AS A CORE PART OF THE CITY, A PART OF ITS DUTY WILL INTEGRATE THESE INTO OUR ROUTINE. 
          THIS IS ABOUT SYSTEMIZING COMPASSION. 
          THE PROCESS I'VE THOUGHT ABOUT IS SIMPLE. 
          RESPECTFUL CANNOT BELIEVE. 
          IN MY OPINION, DR. WALL BRINGS LEGALLY SOUND. 
          THE TRUTH CAN BE A CC DAY FLAG. 
          THE UTILITIES DEPARTMENT PROVIDES A LIST TO THE POLICE DEPARTMENT. 
          THE ACTION CAN BE A UNIFORM OFFICER CONDUCTING AN IN-PERSON WELLNESS CHECK. 
          THE RESOLUTION COULD BE THE OFFICE USES THEIR PROFESSIONAL DISCRETION TO FORM A SIMPLE WELFARE CONFIRMATION TO CONTACTING A FAMILY MEMBER OR ASSIGNED TO AN EMERGENCY OR PRESENT, TAKING THE ACTION TO PRESERVE A LIFE. 
          THIS IS A TOWN THAT SAYS BEST. 
          USING EXISTING DATA AND RESOURCES TO RESOLVE A PROBLEM PEOPLE DIDN'T EVEN KNOW THEY HAD. 
          TO CAPTURE THE SPIRIT OF THIS INITIATIVE, I'M THINKING WE CAN DEVELOP A SIMPLE LINE OF PUBLIC AWARENESS. 
          ADDISON CARE, CONNECTION AND COMPASSION. 
          THIS LINE TELLS OUR RESIDENTS THAT THEIR COMMUNITY HAS THEIR BACK. 
          IT REINFORCES THE BRAND THAT ADDISON IS A TRULY CARING AND MODERN TOWN, MR. MAYOR AND COUNCIL MEMBERS. 
          THIS IS A COMMON SENSE POLICY THAT PLACES HUMAN LIFE AND DIGNITY, DIGNITY AT THE FOREFRONT. 
          IT IS A LOW COST, HIGH IMPACT SOLUTION THAT REAFFIRMS OUR VALUES. 
          I'M HAPPY TO PERSONALLY WORK ON THIS ORDINANCE AS A VOLUNTEER WITH ALL OF YOU. 
          AND I'M FORMALLY ASKING FOR YOUR SUPPORT TO REFER THIS TO THE APPROPRIATE COMMITTEE FOR REVIEW. 
          I HOPE IT'S SWIFT AND FAVORABLE RECOMMENDATION BACK TO THE COUNCIL FOR ADOPTION. 
          MY HOPE IS TO SEND A POWERFUL MESSAGE TONIGHT. 
          AND ADDISON, NO ONE SLIPPED THROUGH THE CRACKS BECAUSE IN ADDISON, WE REALLY DO CARE ABOUT OUR NEIGHBORS. 
          THANK YOU. 
          THANK YOU. 
          SO, ALRIGHT, IS THERE ANYBODY ELSE THAT WOULD LIKE TO ADDRESS TO COUNSEL AT THIS TIME? ALRIGHT, SEEING NONE, WE'LL CLOSE THE PUBLIC COMMENT SECTION AND WE'LL MOVE 
          [a.  Present and discuss the Addison Airport Master Plan Update, including the project status, community engagement efforts, community and user survey themes to date, next steps, and project schedule. ]
INTO OUR WORK SESSION REPORTS. 
          ITEM FIVE A, PRESENT AND DISCUSS THE ADDISON AIRPORT MASTER PLAN UPDATE, INCLUDING THE PROJECT STATUS, COMMUNITY ENGAGEMENT EFFORTS, COMMUNITY END USER SURVEY, THEMES TO DATE, NEXT STEPS, AND PROJECT SCHEDULE. 
          JAMIE? THANK YOU MR. MINNER. 
          GOOD EVENING, EDISON COUNCIL, UM, AS, UH, MAYOR INDICATED, JAMIE ANDRO, ADDISON AIRPORT DIRECTOR. 
          I AM ACCOMPANIED, UH, THIS EVENING BY JIM NICHOLAS, WHO'S THE WILPERT TEAM PROJECT MANAGER, UH, RELATED TO THE AIRPORT MASTER PLAN. 
          I ALSO WANTED TO ACKNOWLEDGE THE, UH, TEAM THAT IS HERE ALSO FROM WILPERT, UH, JEFF BARWICK, AND ALSO CARRIE CAME, ARE HERE IN SUPPORT OF, UM, THIS, UH, UPDATE THAT WE HAVE FOR YOU TODAY. 
          AND WITH THAT, I WILL, UH, INVITE JIM UP TO THE PODIUM, HIM TO LEAD US IN THE UPDATES INFORMATION. 
          GREAT. 
          THANK YOU JAMIE. 
          UH, THANKS FOR HAVING US. 
          UH, TONIGHT, UH, FOR THE RECORD, JIM NICHOLAS, UH, PROJECT MANAGER, UH, THIS PROJECT, UH, THE, UH, DIRECTOR OF PLANNING FOR, FOR . 
          APPRECIATE YOUR GUYS, UM, TIME HERE THIS EVENING. 
          UH, WE HAVE A SLIGHT, WE HAVE A PRETTY BRIEF PRESENTATION, UH, FOR YOU ALL RESERVING TIME FOR Q AND A. 
          BE HAPPY TO ANSWER QUESTIONS, BUT IF YOU HAVE 
          [00:10:01]
QUESTIONS DURING THE COURSE OF THE PRESENTATION, WHICH IS ONLY A HANDFUL OF SLIDES, UH, PLEASE, YOU KNOW, UM, LET US KNOW, HAVE ANSWER AS WE CAN. 
          A LITTLE BIT OF CONTEXT HERE. 
          AS A REMINDER, LAST TIME WE, WE TALKED ABOUT THE MASTER PLANNING PROCESS, WHATEVER YOU JUST WANTED TO MENTION, UH, THAT'S IMPORTANT TO EMPHASIZE HERE IS THAT THIS, THIS PLAN THAT WE'RE CURRENTLY UNDERTAKING IS NOT BEING CONDUCTED IN ISOLATION. 
          UH, IT'S CONTINUATION OF A, A PLANNING PROCESS ACTUALLY STARTED BACK IN 2013, WHICH WITH THE STRATEGIC PLAN, UH, THAT YOU ALL HAD FORMULATED, THAT CARRIED ON TO THE MA ANOTHER MASTER PLAN, UH, THAT OCCURRED, UH, YOU KNOW, DIRECTLY AFTER THAT. 
          AND NOW WE ARE CONTINUING THAT SAME, UH, THAT, THAT SAME PLANNING PROCESS. 
          SO WE'RE EVERYTHING STARTED BACK IN 2013. 
          WE'RE CONTINUING TO REFERENCE 2013 IS THE BASIS OF A LOT OF OUR DECISION MAKING, UM, AS, UM, UH, AS SHOULD BE EXPECTED IN TERMS OF WHERE WE ARE IN THE MASTER PLANNING PROCESS RIGHT NOW. 
          THIS KIND OF GIVES YOU A OPEN OF VISUALIZATION, UH, ON THAT. 
          WE HAVE COMPLETED REALLY THE FIRST COUPLE OF, UH, PHASES, THE FIRST TWO PHASES, WHICH INCLUDED, UH, THE PRE-WORK AND EVERYTHING THAT NEEDED TO BE THAT NEEDED TO OCCUR. 
          AND I COMPLETED THE INVESTIGATION. 
          WE'VE ACTUALLY GONE THROUGH PUBLISHED THREE, UH, CHAPTERS THAT ARE AVAILABLE ON THE PROJECT WEBSITE RIGHT NOW. 
          THE, UH, TEXT DOT HAS ACTUALLY APPROVED ONE OF THOSE CHAPTERS WHERE THEY ARE, UM, THAT THEY ARE, UH, IT'S REQUIRED FOR THEM TO REVIEW AND APPROVE ONE OF THOSE CHAPTERS, WHICH IS THE FORECASTING CHAPTER. 
          WHERE WE ARE NOW IS LOOKING AT, UH, POTENTIAL DEFICIENCIES ON THE AIRPORT WITH  FOR FACILITIES, FOR OPERATIONS AND THE LIKE. 
          SO WE'RE IDENTIFYING THOSE, UM, THOSE POTENTIAL DELTA THAT WE, THAT WE CURRENTLY HAVE, UH, AT THE AIRPORT. 
          AND THEN COMING UP WITH ALTERNATIVES OF HOW TO FULFILL THOSE. 
          UH, SO FULFILL THOSE EFFORTS. 
          THAT'S THE PART THAT WE ARE AT RIGHT NOW. 
          NEXT STEPS WILL BE FINALIZING THOSE ALTERNATIVES AND THEN LOOKING AT RECOMMENDATIONS THAT MIGHT BE COMING OUT OF THAT. 
          AND THAT'S GONNA BE ANOTHER PROCESS IN TERMS OF DRAFTING FINALS. 
          BUT, AND PROBABLY SHOULD HAVE STARTED THAT, YOU KNOW, A MATCH PLAN AS A, UH, AS A QUICK REMINDER IS A 20 YEAR LOOK, THESE ARE PLANS THAT OCCUR EVERY SEVEN TO 10 YEARS. 
          WE DO A 20 YEAR LOOK, UM, IN TERMS OF THE FUTURE OF THE AIRPORT, AND THEN CONTINUE TO UPDATE THAT, UM, AS WE MOVE FORWARD IN THOSE VARIOUS, UM, IN THOSE VARIOUS, UH, PROCESSES. 
          UH, AGAIN, WE'RE LOOKING TO IDENTIFY FUTURE PROJECTS THAT MIGHT BE REQUIRED. 
          THESE PROJECTS WILL ONLY COME ONLINE AS DEMAND REQUIRES IT. 
          SO, UM, AGAIN, THIS IS A, A ROLLING PROCESS THAT WE'RE UNDERTAKING. 
          UH, WHAT I DO WANT TO MENTION ON THIS ALSO, AND IF THERE'S ANY QUESTIONS ABOUT OTHER CLIENT FEATURES AND THE, LIKE, WE CAN SORT OF ANSWER THOSE QUESTIONS. 
          BUT WHAT'S KEY TO THIS WHOLE PROCESS THOUGH IS THE ENGAGEMENT PROCESS THAT WE HAVE UNDERTAKEN, UH, REALLY FOR ANY MASTER TIME, BUT PARTICULARLY FOR THIS ONE, IT'S BEEN A VERY, VERY ROBUST ENGAGEMENT PROCESS. 
          WE'VE, UH, ENGAGED WITH, THIS IS JUST A REFLECTION, A LITTLE BIT OF THE THINGS THAT WE'RE DOING HERE RIGHT NOW. 
          WE DO THE PROJECT WEBSITE. 
          WE'VE HAD, UH, MULTIPLE, UH, COLLABORATIONS WITH, UH, THE  AND THE FAA, UH, MANY, MANY MEETINGS. 
          WE JUST HAD OUR, OUR FOURTH PROJECT STEERING COMMITTEE MEETING HERE THIS MORNING. 
          A THREE HOUR, UH, UH, EFFORT, WHICH WAS, WE GOT A LOT OF GREAT INFORMATION OUT OF THAT. 
          UH, WE HAD BEEN, UH, ALSO, UH, HAD TWO DIFFERENT SURVEYS AVAILABLE FOR THAT WERE, UH, DIRECTED TOWARDS THE COMMUNITY AS WELL AS TO USERS OVER NEARLY 400 RESPONSES TO THE COMMUNITY SURVEYS, WHICH I'LL TALK MORE ABOUT HERE IN A SECOND. 
          UH, ORDERING 80, UH, RESPONSES TO THE USER SURVEYS. 
          AND IF YOU ALLOW ME, I WOULD LIKE JUST GIVE YOU A LITTLE BIT OF THE FEEDBACK IN TERMS OF, WE'VE HEARD, YOU KNOW, FROM THE SURVEYS, UH, ON THE COMMUNITY SURVEY. 
          AGAIN, REMEMBER 400 RESPONSES. 
          THIS IS A VERY, UM, UH, NOT ENTIRELY SUBJECTIVE, BUT ESSENTIALLY, YOU KNOW, EACH ONE OF THESE THEMES IS WHAT WE'VE IDENTIFIED, UH, GREEN GATE POSITIVE AND YELLOW BEING NEUTRAL, AND, UH, UH, RED BEING NEGATIVE, UH, TO SOME OF THE COMMON THINGS WE RECEIVED, UH, FROM THESE RESPONSES WERE THE FACT THAT THE AIRPORT IS AN ECONOMIC HIT, UH, ASSET, UH, IS AN EDUCATIONAL RESOURCE. 
          I'LL TALK MORE ABOUT THE ACTUALLY STOPPED, UH, ELEMENTS HERE. 
          NO, IT CERTAINLY A CONSIDERATION. 
          LOT OF GOOD FEEDBACK IN TERMS OF, UH, THE DESIRE TO HAVE GREATER INTEGRATION OF THE AIRPORT WITH, UH, WITH THE TOWN, UH, THE, YOU KNOW, POSITIVE, UH, UH, FEEDBACK WITH RESPECT TO GROWTH AND INTEGRATE AND, UH, DEVELOPMENT OF, OF THE AIRPORT AND THE LIKE. 
          UH, SO AGAIN, A LOT OF, WE JUST CLOSED THAT SURVEY, UH, FRIDAY, SO WE'RE GONNA BE CORRELATING THAT INFORMATION, GIVE YOU MORE, UH, SPECIFIC FEEDBACK. 
          BUT FOR THOSE TOP THREE ELEMENTS, JUST I WANTED TO TOUCH BASE A LITTLE BIT ON THOSE, THE COMMUNITY, THE STRONGEST IN THE, UH, NUMBER OF RESPONSES WE HAD. 
          WERE ACKNOWLEDGEMENT 
          [00:15:01]
THAT THE AIRPORT IS AN ECONOMIC ASSET FOR THE, FOR THE, FOR THE TOWN THAT IS CLEAR, UH, THAT'S RECOGNIZED. 
          SOME OF THE EXAMPLE, UM, YOU KNOW, COMMENTS. 
          WE, WE, UH, YOU KNOW, HAVE HIGHLIGHTED HERE IS THE AIRPORT HELPS ATTRACT COMPANIES AND VISITORS WHO SPEND MONEY IN THE TOWN. 
          THE AIRPORT IS AN ASSET TO THE COMMUNITY. 
          HIGHER QUALITY BUSINESSES CHOOSE ASSET BECAUSE OF IT. 
          SO IT IS AN UNDER, IT IS UNDERSTOOD BY THE COMMUNITY. 
          WE EXPOSE, RESPONDED WHAT THE VALUE OF THE, THE AIRPORT IS, UH, WHICH IS REALLY, UM, EXCELLENT ACTUALLY, THAT THE COMMUNITY ACTUALLY HAS THAT KIND OF A, AN UNDERSTANDING OF WHAT THE BENEFITS OF THE AIRPORT ARE. 
          UH, IN TERMS OF THE SECOND ONE WE HAD IDENTIFIED HERE WAS AN EDUCATION WORKFORCE. 
          THE COMMUNITY RECOGNIZES THIS IS AN EDUCATIONAL, UH, RESOURCE FOR THE, UH, FOR THE COMMUNITY. 
          AND WHETHER THAT BE THROUGH FLIGHT TRAINING, UH, OTHER EDUCATIONAL OPPORTUNITIES, WORKFORCE PIPELINES, TRAINING, THAT THAT COMES, UM, THROUGH THE, THE EXISTENCE OF THE AIRPORT FOR THE COMMUNITY. 
          IT'S UNDERSTOOD THAT TRAINING ACTIVITIES SHOWS YOUNG PEOPLE CAREER PATHS IN, IN AVIATION, UH, NOISE AND ENVIRONMENTAL. 
          A LOT OF PASSION AROUND NOISE. 
          UNSURPRISINGLY, UM, YOU KNOW, THERE WERE FEWER RESPONSES WITH RESPECT TO THAT, BUT VERY PASSIONATE IN TERMS OF THE, THE TYPES OF FEEDBACK WE RECEIVED, WHICH IS UNDERSTANDABLE. 
          PEOPLE LOVE THE QUALITY OF LIFE. 
          THEY, THEY LOVE THE QUALITY OF LIFE THAT THEY HAVE HERE IN, IN ADDISON. 
          AND IF ANYTHING, UM, YOU KNOW, DISRUPTS THAT. 
          AND PEOPLE ARE VERY, YOU KNOW, UH, AWARE OF THAT AND CONCERNED ABOUT THAT. 
          SOME OF THE COMMENTS, THOUGH, YOU KNOW, RELATE TO YOU NOISE CONTROL MEASURES THAT SHOULD BE IN VOICE CONTROL AND MEASURES THAT SHOULD BE IMPLEMENTED, ANTICIPATED IN ANTICIPATION OF CONTINUED GROWTH, UH, WOULD LOVE NOISE ABATEMENT, TAKEOFFS, YOU KNOW. 
          SO AGAIN, YOU KNOW, THESE ARE JUST REPRESENTATIVE, YOU KNOW, UM, COMMENTS THOUGH THAT WE RECEIVED WITH RESPECT TO THAT. 
          BUT ONE OF THE THINGS WE DID WANNA MENTION IS THAT PETER CROSS OF THIS MASTER PLAN, WE HAVE BEEN RECEIVING THOSE TYPES OF, IN THAT, THOSE TYPES OF COMMENTS FROM THE PROJECT STEERING COMMITTEE, UM, AND OTHERS THROUGH THE SURVEY, THE AIRPORT HAS TAKEN A VERY PROACTIVE, UM, OPPOSITION ON HOW TO RESPOND TO THOSE PARTICULAR COMMENTS IMMEDIATELY WITHOUT EVEN WAITING UNTIL THE END OF THE MASTER PLAN. 
          AND JULIE, IF YOU WANNA TALK? YES, THANK YOU, JEN. 
          SO, UM, ONE OF THE THINGS THAT WE DEFINITELY, UH, SERVE TO HIGHLIGHT AS PART OF THE MEETINGS WITH THE DIFFERENT COMMITTEES, INCLUDING THE STEERING COMMITTEE, IS LETTING THEM KNOW ABOUT THE FACT THAT WE HAVE A GOOD NEIGHBOR INITIATIVE, UH, FOR PILOTS, UH, TO VOLUNTARILY FOLLOW, TO AVOID NOISE SENSITIVE AREAS HERE IN ADDISON. 
          AND AS PART OF THAT, NOT ONLY HAVE WE BEEN ADVISING THE STEERING COMMITTEE OF OTHER GROUPS ABOUT THE, BUT WE'VE ALSO RECENTLY BEEN TOUCHING BASE WITH THE FLIGHT SCHOOLS IN PARTICULAR ABOUT THEIR UNDERSTANDING OF THIS VOLUNTARY INITIATIVE. 
          UM, WHAT ARE, HOW DO THEY LET THEIR STUDENTS AN EXAMPLE OR THEIR FLIGHT INSTRUCTORS KNOW ABOUT THE INITIATIVE? WHAT OTHER, UM, THINGS ARE THEY DOING TO MAKE JUST THE AWARENESS BE OUT THERE? AND WE'VE GOTTEN SOME REALLY GOOD CONVERSATIONS, REALLY GOOD SOLUTIONS THAT SOME OF THE HIGH SCHOOLS HAVE COME UP WITH THAT WE PLAN TO CONTINUE TO SHARE AMONGST THE HIGH SCHOOLS. 
          IN ADDITION TO THAT, UM, THERE ARE ACTIVITIES, FLIGHTS THAT ARE BEING CONDUCTED THAT ARE NOT NECESSARILY THE FLIGHT SCHOOLS, THEY ARE OTHER, UH, TRANSIT AIRCRAFT. 
          AND SO, UH, PART OF THE DISCUSSIONS WE'VE HAD, UH, AND CLIENTS THAT WE HAVE GOING FORWARD ARE, FOR EXAMPLE, ANYONE RIGHT NOW THAT HAS ACCESS TO THE AIRPORT HAS TO UNDERGO DRIVER TRAINING. 
          WE'RE ACTUALLY GOING TO PUT, INSERT THIS INFORMATION INTO THE DRIVER TRAINING PROGRAM GOOD THAT WE HAVE IN YOUR REPORT TO, UH, LET OTHERS, UH, BE AWARE OF THIS, OF THIS INITIATIVE. 
          THE OTHER PART IS WORKING WITH, UH, FIXED BASED OPERATORS, AS AN EXAMPLE, TO BE ABLE TO REACH OUT TO TRANSIENT NON ADDISON BASED TRAFFIC ABOUT THIS INITIATIVE. 
          THE OTHER PART IS ACTUALLY WORKING WITH AIR TRAFFIC CONTROL, ALSO TO TALK ABOUT THE INITIATIVE, HOW THEY COULD POTENTIALLY HELP US. 
          AND WHAT THAT HAS RESULTED MORE RECENTLY IS THE POTENTIAL TO ACT, UH, CHANGE OR AUGMENT TO THIS INITIATIVE WITH THE EXAMPLE, WHICH IS A DRAFT ON THE RIGHT OF OTHER, UM, ROUTES THAT CAN BE TAKEN TO AVOID THE NOISE SENSITIVE AREAS. 
          SO DEFINITELY, UM, THROUGH THE COURTS OF THE AIRPORT MASTER PLAN, AND AS WE'VE BEEN, UM, ADDRESSING NOISE, UH, AS PART OF THESE CONVERSATIONS, THESE ARE ITEMS THAT HAVE BEEN THERE, BUT WE'RE EXPENDING UPON. 
          TO ADDRESS THE NOISE CONSIDERATION IN THE MIDDLE, WHAT YOU SEE THERE IS ACTUALLY OUR ADDISON AIRPORT NOISE PAGE, WHICH, UM, WE ARE GOING TO BE MAKING SOME CHANGES TO, WHICH INCLUDES THE ADDITION OF THIS TYPE OF INFORMATION. 
          IT INCLUDES ALSO SOME OF THE ELEMENTS THAT WE'RE USING RIGHT NOW IN TERMS OF TECHNOLOGY 
          [00:20:01]
TO BE ABLE TO TRACK THE AIRCRAFT THAT ARE GOING THROUGH THE NOISE SENSITIVE AREA. 
          AND IN FACT, JUST TODAY AS AN EXAMPLE, WE, UH, FOR THE FIRST MONTH EVER, UH, IN USE THAT TECHNOLOGY TO BE ABLE TO PROVIDE REPORTS TO THE FLIGHT SCHOOLS IN TERMS OF THEIR PERFORMANCE RELATED TO AD HEARING, UH, VOLUNTARILY AGAIN, TO THIS GOOD NEIGHBOR INITIATIVE. 
          SO THESE ARE SOME OF THE DISCUSSIONS THAT WE'VE BEEN HAVING, UM, AS PART OF THE STEERING COMMITTEE, BUT ALSO BEYOND THAT BECAUSE WE REALIZE THAT YES, UH, SOME OF THE FEEDBACK THAT WE'VE RECEIVED IS, UM, IMPACTFUL TO SOME OF THE RESIDENTS THAT WE HAVE HERE IN ADDISON. 
          SO WE DEFINITELY HAVE OUR LISTENING EARS ON RELATED TO THIS LEVEL OF ACTIVITY WITH THAT. 
          PERFECT. 
          THANK YOU. 
          SO, UH, YOU KNOW, MOVING OVER TO THE, UH, TO THE USER SURVEY, UH, CAN WE HAVE ABOUT 80 RESPONSES ON THAT SAME KIND OF A KEY HERE, UH, AND WE'LL TALK MORE ABOUT PRETTY SPECIFIC TOP THREE, BUT UNSURPRISINGLY, HANGAR, UH, SHORTAGES, RAMP SPACE SHORTAGES OR A CONCERN? UH, SOME REQUESTS FOR ADDITIONAL OR IMPROVED INFRASTRUCTURE, INCLUDING RUNWAY LENGTH. 
          UM, AGAIN, AN UNDERSTANDING OF THE VALUE THAT THE NEW YORK PORT BRINGS TO THE COMMUNITY IN TERMS OF ITS, UH, ECONOMIC VALUE. 
          SOME CONCERNS ABOUT, UH, CONGESTION, UM, ON THE AIRPORT PRICING OF, UH, FUEL PRICING, UH, AND SOME COMPLIMENTARY, UM, YOU KNOW, COMMENT OR MANY COMPLIMENTARY COMMENTS ABOUT, UH, CUSTOMER SERVICE AND AIRPORT MANAGEMENT. 
          BUT JUST TO TOUCH BASE ON THOSE FIRST THREE, UH, A LITTLE BIT MORE IS, AGAIN, PRETTY SIGNIFICANT SHORTAGE. 
          THERE'S A HIGH DEMAND FOR PEOPLE WANTING TO BE AT ADDISON AIRPORT, AND WE DON'T HAVE A LOT OF ROOM, A LOT OF THAT ROOM, A LOT OF THE AIRPORTS ALREADY DEVELOPED. 
          UM, SO UNSURPRISINGLY, THERE'S A HIGH DESIRE FOR THE PROPERTY THAT IS AVAILABLE TO BE ABLE TO UTILIZE THAT. 
          AND SO THERE'S A LOT OF INTEREST, UM, IN, IN, UH, IN THAT, UM, FOR, IN TERMS OF INFRASTRUCTURE NEEDS, YOU KNOW, THERE'S A LOT OF INFORMATION, A LOT OF REQUESTS FOR ADDITIONAL RUNWAY LENGTH. 
          UM, YOU KNOW, UNDERSTANDING THAT THERE'S SOME TAXIWAY CHALLENGES OUT THERE. 
          UH, PAVING CONDITION, ELECTRICAL, A LOT OF UTILITY REQUESTS FOR ADDITIONAL ELECTRICAL SUPPLY AND UTILITIES, UH, IN THAT AREA. 
          SO, YOU KNOW, UNSURPRISINGLY, THESE ARE JUST, YOU KNOW, COMMENTS FROM THE PEOPLE THAT ARE USING IT. 
          I'D LIKE TO ABOVE THE AIRPORT, BUT I'D LIKE TO SEE IT BE A LITTLE BIT BETTER HERE. 
          SOME SUGGESTIONS FOR YOU, WHICH IS GENERALLY KIND OF A FEEDBACK THAT WE'RE, THAT WE'RE RECEIVING SELF-SERVE FUELING AREA WAS ONE, IT WAS ONE ELEMENT THAT WAS ALSO MENTIONED ON A NUMBER OF OCCASIONS. 
          UH, WITHIN RESPONSE TO THESE, TO THE SURVEY, AS I MENTIONED BEFORE, THERE'S A CLEAR UNDERSTANDING OF THE ECONOMIC VALUE OF THIS AIRPORT. 
          PEOPLE ARE HERE, PEOPLE ARE BASING THEIR AIRCRAFT BECAUSE THEY WANT TO BE IN ADDISON. 
          THE AIRPORT IS A KEY COMPONENT, UM, OF THEIR, OF THEIR PRESENCE WITHIN THE TOWN. 
          YOU KNOW, I EMPLOY ALMOST A HUNDRED PEOPLE AT ADDISON AIRPORT, PAY TAXES AND SPEND MONEY IN, IN, UH, IN ADDISON. 
          WE'RE A MAJOR CONTRIBUTOR TO THE LOCAL ECONOMY. 
          UH, OUR CUSTOMERS CHOOSE TO LIVE AND STAY IN THE AREA BECAUSE THE AIRPORT'S, THE AIRPORT'S CLOSE PROXIMITY. 
          YOU KNOW, IT'S A VERY CONSISTENT THEME THAT WE RECEIVE, UM, FOR ALL OF THE, UH, FROM MODEL OF THE COMMENTS THAT WE, UH, OR MOST OF THE COMMENTS WE RECEIVING. 
          UH, SO, AND WHAT, WHAT HAPPENS WITH THAT INFORMATION IS THAT ULTIMATELY GETS PUT INTO OUR TIME PROCESS. 
          'CAUSE THAT HELPS IDENTIFY MAYBE SOME AREAS OF FOCUS THAT WE NEED TO APPLY A LITTLE BIT MORE TIME AND A LITTLE MORE FOCUS IN IT. 
          SO WE COLLECT INFORMATION FROM THE PEC, FROM THE PF PROJECT EXECUTIVE COMMITTEES, FROM THE STEERING COMMITTEES, FROM YOU ALL, UM, FROM THE SURVEYS. 
          AND WE'RE TRYING TO MAKE SURE THAT WE ARE ADDRESSING ALL OF THOSE, UM, CONCERNS TO THE BEST OF OUR ABILITIES IN WITHIN THE CONTEXT OF THIS, OF THIS PROCESS. 
          IN TERMS OF WHERE WE ARE IN THE, IN THE NEXT STEPS IN THE, ON THE MASTER PLAN PROCESS, IS THAT WE ARE, UH, WORKING WITH THE PSE TO FINALIZE SOME FACILITY ALTERNATIVES THAT WE HAD DESCRIBED WITH THEM EARLIER TODAY. 
          UM, AND THEN, UH, LOOKING AT OPTIONS, UM, IN TERMS OF, UH, FORMULATING RECOMMENDATIONS COMING OUT OF IT. 
          BUT I'LL, IT'S IMPORTANT TO MENTION, AS I STARTED THIS OFF WITH, IS THAT ALL OF THIS GOES BACK ULTIMATELY TO THE 2013 STRATEGIC PLAN. 
          THAT PLAN ESTABLISHED THE FOUNDATION OF THE PLANNING ISSUES THAT HAVE BEEN UNDERTAKEN THE LAST TWO MASTER PLANS. 
          SO IT'S INCUMBENT UPON US TO MAKE SURE THAT THE PRIORITIES THAT WERE ESTABLISHED 12 YEARS AGO ARE STILL BEING FOCUSED ON TODAY. 
          AND THOSE WILL BE THE ELEMENTS THAT, THAT GET WOVEN INTO THE MASTER PLAN, INCLUDING THE RECOMMENDATIONS AND ULTIMATELY, YOU KNOW, WHATEVER WITH THE, WITH THE FINAL DOCUMENT. 
          SO, UM, THE BEEN COMPLETION DATE IS NOT FOR THE, FOR THE, UH, UH, THE, UH, FOR THE MASTER PLAN ITSELF. 
          UH, THAT IS JUST IN RELATION TO THE ALTERNATIVES ANALYSIS THAT WE'RE WORKING ON RIGHT NOW. 
          SO WE'RE HOPING TO GET THAT DONE HERE WITH IN, UH, THE NEXT, UH, 30 DAYS. 
          AND WE'LL BE GOING BACK TO THESE VARIOUS COMMITTEES AT THE END OF, UH, JANUARY OR 
          [00:25:01]
END OF JANUARY, EARLY FEBRUARY. 
          QUESTIONS, ACTUALLY, CAN YOU GO BACK ONE SLIDE? YEAH. 
          SO I THINK THE BOTTOM OF THE CORRECT AROUND JIM IS THAT IT'S BEEN COMPLETION DATE FOR THE MASTER PLAN AS A WHOLE IS 29. 
          FORGIVE ME, YOU MY QUESTION. 
          THANK, SORRY ABOUT THAT. 
          I WAS LOOKING. 
          I WAS, NOVEMBER IS NOVEMBER. 
          THANK YOU, JUDGE. 
          YES, THANK YOU. 
          THANK YOU. 
          WITH THAT. 
          ANYBODY HAVE QUESTIONS? I HAVE ONE. 
          SO, UM, READING THROUGH YOUR PRESENTATION, YOU, YOU DO TALK A LOT ABOUT MAKING SURE YOU'RE IDENTIFYING THE HIGHEST AND BEST USE OF THE AIRPORT. 
          LIKE ANY IDEA REALLY WHERE YOU THINK YOU'RE GONNA LAND AND WHAT THAT MEANS. 
          IS IT MORE HANGAR SPACE? IS IT MORE RAMP SPACE? IS IT ALL THE ABOVE? IS IT, IS IT TAKING IT TO THE NEXT LEVEL? LIKE WHAT, WHAT DOES THAT MEAN? IT, IT'S ALL OF THOSE THINGS, BUT WE HAVE VERY GOOD, ACTUALLY SPIRITED CONVERSATION ABOUT HIGHEST AND BEST USE, UH, TODAY. 
          AND, AND REALLY IT'S LOOKING AT A VARIETY OF DIFFERENT THINGS. 
          IT'S MAKING SURE THAT AS WE MAKE OUR DEALS AS PART OF THE TOWN, THAT WE'RE MAKING GOOD FINANCIAL DEALS FOR THE TOWN THAT ARE BASED ON MARKET VALUE, THAT WE'RE, UH, LOOKING TO GET WHAT REALLY THE, THE WORTH OF THE LAND OR THE WORTH OF THE FACILITY THAT WE'RE TALKING ABOUT. 
          THAT'S ONE. 
          THE OTHER ONE IS ABOUT COMPATIBILITY. 
          HOW DOES THAT PROPOSAL, HOW DOES THAT BUSINESS MODEL FIT AND IS COMPATIBLE BOTH AT OUR AIRPORT, BUT IN THE PARTICULAR LOCATION WHERE IT'S CALLED? A PERFECT EXAMPLE THAT WAS USED TODAY WAS, IT WOULD BE NOT VERY GOOD IDEA TO PERHAPS, UH, APPROVE THE BUILDING OF A VERY LARGE HANGAR, UM, AT THE END OF THE TAXI LANE THAT IS VERY NARROW AND DOESN'T, WON'T SUPPORT THE WEIGHT OF THE AIRCRAFT THAT ARE GOING TO USE THAT AIR. 
          SO WE REALLY HAVE TO LOOK AT THE INFRASTRUCTURE. 
          WE HAVE TO LOOK AT COMPATIBILITY. 
          WE HAVE TO LOOK AT THE FINANCIALS WE HAVE TO LOOK AT TO GET TO THAT HIGH BEST USE CASE. 
          BUT EV THERE'S NO BLANKET ANSWER. 
          I WOULD SAY FOR THE TOTALITY OF THE AIRPORT. 
          THERE ARE SPECIFIC AREAS THROUGHOUT THE AIRPORT THAT MAY BE GOOD, COULD MAKE GOOD BUSINESS SENSE TO HAVE A CERTAIN, UH, GROUP OR A CERTAIN ENTITY WORKING OUT OF THERE, BUT NOT NECESSARILY A DIFFERENT ONE. 
          SO WE ARE, AS PART OF THE AIRPORT MASTER PLAN, TAKING INTO CONSIDERATION ALL OF THESE FACTORS TO BE ABLE TO GET TO THAT, UM, TO THOSE RECOMMENDATIONS AS TO WHAT WOULD WORK BEST IN THE DIFFERENT NEIGHBORHOODS AND WHAT WE'VE BEEN CALLING NEIGHBORHOODS ARE THE TAXIING NEIGHBORHOODS, WHETHER IT'S TAXIING TANGO OR SIERRA ROMEO, LOOKING AT THEIR CONFIGURATIONS, LOOKING AT THEIR INFRASTRUCTURE, LOOKING AT WHO'S CURRENTLY THERE, ALL OF THESE, UH, FACTORS TO BE ABLE TO GET TO HIGHEST AND BEST USE. 
          OKAY, THANK YOU. 
          YES. 
          SPEAKING AS A, UH, SMALL AIRCRAFT OWNER IN PILOT, MANY OF THESE THINGS, I'VE BEEN TALKING TO SEVERAL FOR YEARS AND YEARS, AND I DON'T WANT TO USE THE TERM, THEY FALL ON DEAF EARS, BUT NOTHING EVER COMES OF ANY OF THIS STUFF. 
          I'VE EVEN, WE HAD A VERY GOOD CONVERSATION WHEN WE FIRST CAME ON, AND ONE OF MY CONCERNS IS THERE IS NO TRANSIT PARKING FOR PEOPLE THAT WANT TO FLY INTO OUR COMMUNITY. 
          GO USE ONE OF OUR RESTAURANTS. 
          YOU CAN GO PATRONIZE ONE OF OUR RESTAURANTS, COME IN, GO TO ONE OF OUR FESTIVALS AND FLY OUT. 
          THERE IS NO TRANSIENT PARKING FOR THAT. 
          I WOULD LOVE TO SEE US TRY TO WORK SOME OF THAT IN, I'M ONE THAT YOU HAD SELF SERVICE FUEL UP THERE. 
          WE USED TO HAVE A SELF SERVICE PUMP ON THIS AIRPORT. 
          MM-HMM . 
          IT WENT AWAY. 
          THE PRICE OF FUEL AT ADDISON AIRPORT IS ASTRONOMICAL. 
          I DON'T UNDERSTAND WHY THAT IS, BUT IT PREVENTS A LOT OF PEOPLE FROM FLYING IN HERE. 
          NOISE, YOU HAD NOISE IN HERE. 
          AIRPORTS HAVE BEEN HAVING COMPLAINTS ABOUT NOISE SINCE THERE WERE HUMANS AND AIRPLANES IN THE SAME VICINITY. 
          SPEAKING OF SOMEONE WHO USED TO FLY UP NEAR 23 IN 24 OUTTA HERE BACK IN THE MID, UH, EARLY AND MID 1990S, THAT WAS NOISE. 
          WE DON'T HAVE NOISE TODAY. 
          I GET THE COMPLAINT. 
          YOU CAN STILL HEAR, BUT THROUGH THE INDUSTRY, THEY HAVE BEEN ADDRESSING NOISE. 
          NO HUSH KITS ON THESE LEADERS, BY THE WAY. 
          THEY NEVER ONE. 
          SO, UM, THERE ARE GREATEST AND BEST USE IS GREAT, AND A HUNDRED MILLION DOLLARS AIRPLANE BURNS MORE GAS. 
          I GET THAT THEY NEED MORE SPACE TO SIT. 
          BUT 
          [00:30:02]
THIS AIRPORT WAS BUILT AND THE REASON IT WAS HERE WAS FOR SMALL AIRPLANES. 
          I WOULD JUST LOVE TO SEE US GET ONE SECTION ON THIS AIRPORT. 
          SOMEONE CAN COME IN, USE AN AIRPORT, DO SOMETHING IN TOWN, FLY HOUR, PICK UP A PASSENGER. 
          I CAN'T EVEN COME OVER AND PICK MY WIFE UP. 
          IT DOESN'T LIKE TO DRIVE WHERE I HAVE A HANG. 
          I, I APPRECIATE THE WORK YOU'RE DOING ON THIS. 
          WELCOME TO TOWN. 
          I KNOW YOU'VE, YOU'VE COME INTO A BUNCH OF THIS, UH, I SEE A LOT OF CONSTRUCTION GOING ON ON THE AIRPORT OVER THERE. 
          A LOT OF REDEVELOPMENT. 
          SHOULD WE NOT HAVE SOME KIND OF MORATORIUM ON CONSTRUCTION AND REDEVELOPMENT UNTIL THIS IS PUT IN PLACE TO WHERE WE CAN FIGURE OUT THE BEST THAT CAN BE DONE? I MEAN, LAST WEEK IN A MEETING WE TALKED ABOUT THAT, UH, AND HAVING, AND THEN COMING IN AND DEVELOPING THIS. 
          SO ARE, ARE WE GOING FORWARD WITH OTHER PLANS TO, FOR THINGS BEFORE THE MASTER PLAN COMES IN? SO I, I HEARD A COUPLE OF QUESTIONS. 
          I UNDERSTAND. 
          I RAN, I RAN NO WORRIES. 
          I'M SORRY. 
          I'LL, I'LL ANSWER THE FIRST ONE. 
          SHOULD, SHOULD WE, UM, WELL, I BELIEVE THAT THAT MAY BE A LEGAL QUESTION BECAUSE, UH, WE'VE MADE SOME DEALS. 
          SO SOME OF THE CONSTRUCTION THAT YOU'RE SEEING, AND I BELIEVE YOU MAY BE REFERRING TO SKY HARBOR, UM, SOME OF THOSE DEALS OF COURSE PRECEDE, UH, RIGHT, AN EXTRA TIME BEGINNING. 
          AND SO WE, I THINK HAVE IN SOME INSTANCES A LEGAL OBLIG OBLIGATION TO HAVE THOSE PROCEED FORWARD. 
          BUT YOU, UH, COUNSEL, UM, LAST WEEK MADE A DECISION, UH, THAT IN ONE PARTICULAR REDEVELOPMENT PROPOSAL, WE SHOULD WAIT FOR THE AIRPORT MASTER PLAN, UH, TO FINISH. 
          AND SO THE DECISION WAS MADE BY COUNSEL, AND OF COURSE WE WILL PROCEED WITH THAT. 
          UM, I KNOW THAT THERE ARE SOME OTHER QUESTIONS THAT POTENTIALLY MAY BE ASKED, UH, OF COUNCIL HERE IN THE FUTURE ABOUT OTHER, UM, UH, POTENTIAL REDEVELOPMENT, UH, INITIATIVES THAT MAY MAKE YOU AS A COUNCIL MAY ELECT ALSO TO WANT TO WAIT ON BASED ON THE COMPLETION OF THE AIRPORT MASTER PLAN. 
          AND SO, UM, I THINK THAT YOU, AGAIN, UH, GOING BACK TO SUMMARIZE WHAT I JUST SAID, SOME ARE ALREADY IN MOTION AND, AND APPRECIATED, SOME AREN'T IN MOTION. 
          AND YOU MAY AGAIN ELECT TO WANT TO WAIT FOR THE AIRPORT MASTERCARD THAT IS, UM, ON COUNCIL TO, TO DECIDE. 
          UM, I THINK, UH, I WILL GO BACK TO SOME, A STATEMENT YOU MADE, WHICH WAS, I THINK THAT YOU WILL BE HAPPY TO, TO KNOW THAT TODAY THERE WAS A RECOMMENDATION BY THE STEERING COMMITTEE ABOUT THE POTENTIAL TO PUT A SELF VIEWING LOCATION, OR AT LEAST TO HAVE US LOOK AT, UH, SOME OF THE NEIGHBORHOODS TO ANALYZE WHERE THAT COULD POTENTIALLY GO. 
          AND OF COURSE, IF, IF WE WERE TO, UH, HAVE THAT RECOMMENDATION, WE WOULD HAVE TO FOLLOW UP WITH PERTINENT CONVERSATIONS WITH SOME OF THE CURRENT, UH, FIELD PROVIDERS ABOUT THAT FEASIBILITY. 
          SO, UM, YEAH, SO THESE ARE ALL THINGS THAT WE'RE LOOKING AT. 
          I GUESS THE IMPORTANT ELEMENTS OF REALIZING THE CORE MASTER PLAN IS IT'S A PLAN, RIGHT? IT'S A PLAN THAT WE'RE SUPPOSED TO LOOK AT AND ANALYZE IN THE 20 YEAR FACET ABOUT, UH, WHAT COULD BE. 
          BUT SOMETIMES THEY DON'T COME TO FRUITION PARTICULARLY, AND THAT IS THROUGH WITH MULTIPLE OF DIFFERENT FACTORS. 
          SOMETIMES IT'S MONEY, SOMETIMES IT'S THE ECONOMY. 
          RIGHT NOW IT, IN THE AVIATION WORLD, THERE'S A LOT OF DEVELOPMENT HAPPENING. 
          SO THERE ARE A LOT OF SOMETIMES EXTERNAL FACTORS AS TO WHY THINGS HAPPEN. 
          BUT ULTIMATELY WE ARE, UH, BY VIRTUE OF FA REGULATIONS, WE'RE REQUIRED TO HAVE THE AIRPORT MASTER PLAN HAPPEN. 
          UM, WE DO OUR DUE DILIGENCE IN ANALYZING ALL THE THINGS THAT JIM INDICATED. 
          AND SO, UM, THAT COULD BE WHY SOME OF THE THINGS MAY NOT HAVE HAPPENED IN PAST AIRPORT MASTER PLANS AND SOME HAVE HAPPENED. 
          SO, BUT OUR INTENTION, OF COURSE, IS TO MAKE SURE THAT WE HAVE THIS PLAN, THAT WE, AS WE MAKE BUSINESS DECISIONS, THAT WE LOOK AT THE AIRPORT MASTER PLAN AND WHAT IT SAID AND WHAT THE RECOMMENDATIONS WERE. 
          AND TO REMEMBER ALSO THAT IN THE END, WHATEVER WE, UH, WHATEVER WILPERT HELPS US IN PUTTING TOGETHER, YOU'LL REVIEW, YOU'LL APPROVE. 
          AND THEN ULTIMATELY, THAT ALSO GOES TO FAA FOR REVIEW AND APPROVAL BECAUSE IT'S AN OFFICIAL DOCUMENTS THAT WE'LL BE SEEING. 
          I'LL JUST ADD ONE LAST THING, SIR. 
          UH, IS THAT, YOU KNOW, THE ALTERNATIVES THAT WE'RE GENERATING FOR THESE VARIOUS NEIGHBORHOODS THAT JAMIE HAD MENTIONED, UH, IS NOT WHOLLY FOCUSED ON ONE TYPE OF AIRCRAFT, UH, OPERATION. 
          IT IS, IT COVERS THE RANGE OF, UM, YOU KNOW, SMALL GENERAL NATION, LARGE CORPORATE FLIGHT SCHOOLS TO PROVIDE A RANGE OF WHAT MIGHT BE DEVELOPED WITHIN THOSE AREAS. 
          SO ULTIMATELY, AGAIN, IT'S GONNA BE UP TO COUNCIL TO MAKE A DECISION ON WHAT GETS DEVELOPED. 
          AND THAT ONLY HAPPENS BECAUSE WE HAVE A DIVERSE MEMBER GROUP, UH, IN THE, IN THE STEERING COMMITTEE. 
          DID ALL OF THOSE GROUPS ARE REPRESENTED. 
          OKAY, I UNDERSTAND. 
          AND I REALLY APPRECIATE THAT ANSWER. 
          IT'S, IT'S SPOT ON. 
          UH, ANOTHER THING THAT WE HAD TALKED ABOUT IN OUR CONVERSATION, AND 
          [00:35:01]
I DON'T, I I PRETTY MUCH KNOW WHAT THE ANSWER'S GONNA BE, BUT JUST TO SEE IF THERE WAS ANY THOUGHT GIVEN TO IT. 
          UH, SEVERAL OF US HAD TALKED ABOUT A, A PARALLEL RUNWAY IS, IS THERE ANY ROOM FOR A 2,500 FOOT, 3000 FOOT PARALLEL RUNWAY TO DETECT SOME PRESSURE OFF OF THE BIGGER RUNWAY TO, FOR, TO ALLEVIATE SOME TRAFFIC? AND I BELIEVE THAT WHEN, THAT, WHEN WE ORIGINALLY DISCUSSED THAT, YES, ANYTHING IS POSSIBLE WITH DOLLARS AND CENTS, RIGHT? SO THAT REMAINS MY ANSWER, REALLY, REALLY. 
          IS THERE ROOM ON THE AIRPORT FOR IS WITHOUT BULLDOZING THE MAIN RUNWAY? NO. 
          THERE AS, AS WITHIN THE CURRENT CONFINES OF THE AIRPORT, IT IS NOT POSSIBLE. 
          YEAH, WE WOULD HAVE TO, IN ORDER TO REALIZE WHAT YOU'RE ASKING FOR, WE WOULD'VE TO BUY ADDITIONAL PROPERTY IN ORDER TO BE ABLE TO PUT THAT RIGHT. 
          THAT'S WHAT, ALRIGHT, SIR, THERE IS NO, NO, I DO THAT. 
          THAT'S JUST NO QUESTIONS. 
          ASK YOU THAT. 
          OTHER QUESTIONS? IT LOOKS LIKE THE, UH, THE PLANS COME ALONG WELL. 
          UH, I LIKE THE WAY, UH, YOU GUYS HAVE COME ACROSS. 
          I THINK YOU HAVE A VERY DIVERSE GROUP AS WELL. 
          UM, I, I'M NOT AS CONCERNED ABOUT TRANSIENT PARKING 'CAUSE YOU CAN PARK AT ANY OF THE THREE FPOS, THEY'RE HAPPY TO TAKE YOUR MONEY. 
          IT DOES COST MORE MONEY. 
          UM, UH, ADDISON'S CHANGED IN THE LAST 50 YEARS, SO IT'S, IT'S DIFFERENT THAN IT WAS BEING A RURAL AIRPORT. 
          SO I, I DON'T HAVE AS MUCH CONCERN ABOUT THAT. 
          I WANTED TO VOICE THAT BECAUSE THERE ARE DIFFERING, UH, VIEWPOINTS AS WELL ON THAT. 
          UM, BUT IT LOOKS LIKE, IT LOOKS LIKE YOU GUYS ARE LOOKING AT, UH, ALL OF IT, UH, THE SMALL OPERATORS, THE BIG OPERATORS, UH, THE PISTONS, THE JETS. 
          SO IT'S, UM, LOOKS, LOOKS LIKE IT'S GOING ON. 
          GOOD TO ME. 
          AND, AND REALLY, UH, AND I WOULD SAY THE ANSWER, THE REASON FOR THAT IS BECAUSE REALLY THE STEERING COMMITTEE, UH, STARTING FROM LAST MEETING, BUT REALLY THIS TODAY'S MEETING HAS BEEN VERY INVOLVED, VERY ENTRUSTING IN GIVING US FEEDBACK, PROVIDING US WITH IDEAS. 
          UM, SO THIS IS NOT A, UH, DEFINITELY, UH, AN AIRPORT, UH, I WOULD SAY, UH, INITIATIVE OR . 
          IT REALLY IS A TEAM THAT IS WORKING THROUGH THIS PROCESS. 
          IT'S GOOD TO HEAR. 
          YES. 
          ANY OTHER QUESTIONS? ALL RIGHT. 
          THANK YOU, JAMIE. 
          THANK YOU, JIM. 
          APPRECIATE IT. 
          [b.  Present and discuss a Tax Increment Financing (TIF) tool used to incentivize economic development within a Tax Increment Reinvestment Zone (TIRZ).]
ALRIGHT, MOVING ON TO ITEM FIVE B. 
          PRESENT AND DISCUSS THE TAX INCREMENT FINANCING TIFF TOOL USED TO INCENTIVIZE ECONOMIC DEVELOPMENT WITHIN A TAX INCREMENT REINVESTMENT ZONE TS I GUESS IT'S GONNA BE WAYNE. 
          ALRIGHT, GOOD EVENING. 
          UH, MAYOR COUNCIL WAYNE EMERSON, DIRECTOR OF ECONOMIC DEVELOPMENT HERE TO DISCUSS WITH YOU THE PROPOSED TAX INCREMENT REINVESTMENT ZONE NUMBER ONE. 
          UM, SO YOU'LL OFTEN HEAR ME, OTHER FOLKS REFER TO THIS AS A TERMS, YOU MAY ALSO HEAR THE TERM TIP COME OUTTA MY MOUTH. 
          THAT'S TAX INCREMENT FINANCING OR TIFF DISTRICT PRETTY MUCH SYNONYMOUS. 
          SO, UH, JUST, JUST A LITTLE BACKGROUND ON THAT, IF YOU HEAR ANY THOSE TERMS. SO THIS EVENING WE'RE GONNA DO A LITTLE BIT OF BACKGROUND ON HOW WE GOT HERE. 
          UM, WE'RE GONNA DO A REVIEW, A VERY BRIEF REVIEW OF, OF, OF CHARGE 1 0 1 AND THEN FOCUS IN ON THIS PROPOSED TAX RE REINVESTMENT ZONE ONE. 
          AND THEN, UH, LOOK TO NEXT STEPS THEN AND ANSWER SOME QUESTIONS FOR YOU. 
          SO, UH, WE, THE TOWN DID A COUPLE OF, UH, AREA STUDIES. 
          UH, IN 2017. 
          THERE WAS INWOOD CORRIDOR ENHANCEMENTS ON STUDY IN 2019, THE ADDISON CIRCLE SPECIAL AREA STUDY. 
          BOTH OF THOSE STUDIES RECOMMENDED, UH, IMPLEMENTING A TS TO SUPPORT REINVESTMENT IN THOSE AREAS. 
          UM, AND THEN IN JULY 23RD, WE HAD A COUNCIL TIP 1 0 1 PRESENTATION. 
          AND FROM THAT PRESENTATION, UH, COUNCIL CORRECTED STAFF TO EVALUATE CREATION OF A TOURS TO HELP FUND AND INCENTIVIZE THE PUBLIC IMPROVEMENTS FOR THE TOD UH, ADD INJUNCTION. 
          AND SO THAT IS, UH, THE PURPOSE OF THIS CONVERSATION THIS WEEK. 
          SO, REAL QUICK, UH, WE'LL DIVE IN ON THIS. 
          UH, TURS 1 0 1, I THINK THE MOST IMPORTANT THING TO TAKE AWAY FROM THIS IS THAT A TURS IS NOT A NEW TAX ON DEVELOPMENT. 
          WHAT IT DOES IS IT REDIRECTS A PORTION OF NEW TAXES GENERATED FROM DEVELOPMENT WITHIN THE TURS. 
          SO IF YOU KIND OF LOOK ON THIS, UH, CHART HERE, WE WILL ESTABLISH A BASE VALUE. 
          AND SO THAT BASE VALUE REMAINS IN THE GENERAL FUND. 
          AND THEN ANY NEW INCREMENTAL TAX THAT WOULD COME OFF NEW DEVELOPMENT, UH, A PORTION OF IT WOULD FLOW INTO THE TERMS. THE OTHER PORTION WOULD GO BACK INTO THE GENERAL FUND, AND THEN THE TERMINATION OF OF THE TERMS, ALL OF THOSE TAX WOULD FLOW BACK INTO THE GENERAL FUND. 
          AND SO WHEN YOU, WHEN WE HAVE THIS CONVERSATION, THERE'S REALLY TWO WAYS THAT WE CAN GET TAX INCREMENT, 
          [00:40:02]
THAT'S NEW CONSTRUCTION AND INVESTMENT, AND THEN THE ANNUAL PER, UH, ANNUAL APPRECIATION OF EXISTING REAL PROPERTY FOR ORGANIC GROWTH. 
          SO A COUPLE, YOU KNOW, FREQUENTLY ASKED QUESTIONS, UH, IS AN ADDITIONAL TAX BURDEN. 
          NO, UM, WHICH TAXING UNITS CAN PARTICIPATE. 
          UH, TRADITIONALLY IT'S JUST ANY, UH, TAXING UNIT THAT HAS, UH, TAXING AUTHORITY. 
          UM, THERE ARE SOME COMMUNITIES THAT ALLOW THE SCHOOL DISTRICTS, THEY, UH, ARE NO LONGER, THE STATE DOES NOT ALLOW THAT, BUT A FEW COMMUNITIES ARE GRANDFATHERED IN. 
          SO REALLY HERE IN THE TOWN WOULD BE TALKING ABOUT, UH, THE CITY AND THE COUNTY PAINTING DART. 
          WE WILL DISCUSS THAT LATER. 
          TECHNICALLY UNDER THE STATUTE, UH, DART CANNOT PARTICIPATE, BUT WHAT WE'LL TALK ABOUT HERE IN A MOMENT IS SORT OF A SYNTHETIC TURS, FOR LACK OF A BETTER WORD, IN WHICH, UH, IT WOULD BASICALLY BEHAVE THE EXACT SAME WAY THAT, THAT A JURORS WORKS. 
          BUT WE WOULD, UH, EXECUTE IT LEGALLY THROUGH AN INTERVAL AGREEMENT. 
          UM, THERE ARE, UH, A TIP THAT BOARD MEMBERS, UH, IT, WE CAN'T HAVE AS LITTLE AS FIVE AND UP TO 15, UH, THIS COUNCIL WOULD APPOINT THAT BOARD. 
          AND ONE, UH, IMPORTANT DISTINCTION IS THE CITY COUNCIL ITSELF AND SERVE AS WORD, UM, PROJECT OFFICER PAID, UH, OUT OF, OUT OF THE TIP, UH, OUTTA THE DIRECTION OF THE BOARD OF DIRECTORS. 
          UM, THE CITY CAN CHANGE THE BOUNDARIES OF THE TURS THROUGHOUT THE YEARS. 
          UH, TURS CAN BE, UH, TERMINATED, HOWEVER, ANY, UH, OUTSTANDING OBLIGATIONS TO BE PAID OFF, UM, BEFORE THAT HAPPENS. 
          AND THEN ONCE THE TURS IS TERMINATED, ANY, UH, EXCESS FUNDS WOULD FLOW BACK INTO THE GENERAL FUND. 
          SO THIS PROCESS IS REALLY KIND OF A TWO STEP PROCESS. 
          THE FIRST IS THE CREATION OF THE ORDINANCE IN WHICH YOU DEFINE THE BOUNDARIES, WHICH WILL GET A BIG PART OF THE DISCUSSION WE HAVE TODAY. 
          YOU SET THE CITY'S PARTICIPATION RATE, THAT'LL BE THE SECOND MAIN TOPIC THAT WE'LL BE DISCUSSING. 
          AND THEN, UM, APPOINTMENT OF THE BOARD MEMBERS AND APPROVING WHAT'S CALLED THE PRELIMINARY PROJECT, UH, FINANCING PLAN. 
          THEN THE SECOND STEP IS WE WOULD, ONCE WE HAVE THAT, UH, INFORMATION, UH, WE'VE COME BACK TO CITY COUNCIL AND THEN YOU WOULD APPROVE WHAT WOULD BE CALLED THE FINAL, UH, PROJECT FINANCING PLAN. 
          SO THIS IS JUST, UH, SOME EXAMPLE OF SOME COMMUN COMMUNITIES HERE IN TEXAS. 
          THEY'RE CURRENTLY USED FIRST. 
          THIS IS NOT EXHAUSTIVE. 
          UH, WE HIGHLIGHTED, UH, ALL THE COMPARISON CITIES HERE FOR YOU. 
          BASICALLY JUST, UH, NOT UNCOMMON ECONOMIC DEVELOPMENT TOOL. 
          SO WHY WOULD WE DO THIS? UM, IT, IT IS REALLY ABOUT, UH, YOU KNOW, LOOKING AT ECONOMIC DEVELOPMENT, UH, AWAY FROM A SINGLE PROJECT AND REALLY LOOKING AT AN AREA OR A DISTRICT AS A WHOLE. 
          UM, IT ALSO DEMONSTRATES A COMMITMENT BY THE TOWN INTO REDEVELOPMENT IN THAT AREA. 
          UH, IT ALLOWS YOU TO LEVERAGE FUNDS FROM OTHER, UH, PRO UH, PROPERTIES AND PROJECTS INTO, UH, PARTICULAR PROJECTS THAT YOU WANT TO SET EYES. 
          UM, SO WITH THAT WE'LL JUMP INTO AS INJUNCTION. 
          SO ONE THING TO THINK ABOUT WHEN WE, WHEN WE LOOK AT THE ZONE BOUNDARIES, UM, FOR THE PURPOSES OF THIS TUR YOU REALLY NEED TO BE THINKING ABOUT, UH, INCREMENT PRODUCING AREAS. 
          SO THESE ARE PROJECTS THAT WOULD CONTRIBUTE INTO THE TURS AND THEN REINVESTMENT NEEDS. 
          THESE WOULD BE PROJECTS THAT WE WOULD IDENTIFY THAT WOULD BE, UM, TARGETED FOR REINVESTMENT AND RECIPIENT OF THE FUNDS. 
          AND THEN, UH, A THIRD KIND OF INTERESTING, UH, ELEMENT TO THIS IS JAR IS, UH, PROPOSING TO PARTICIPATE IN AN ILA WITH, WITH THE TOWN IN WHICH THEY WOULD, UH, REBATE THAT 50% OR PARTICIPATE SYNTHETICALLY IN THIS TOURS. 
          SO, UH, LOOKING AT PROPERTIES, WHAT'S THAT DEFINE IO A, AN INTERLOCAL AGREEMENT WITH, YOU WANNA HELP ME OUT WHAT THE DEFINITION OF THAT IS? NO, THAT'S EXACTLY RIGHT. 
          THIS AGREEMENT BETWEEN TWO LOCAL GOVERNMENTS. 
          YEAH. 
          SO LEGALLY HAVE TO AGREE TO BOTH OF IT. 
          IF ONE PARTY DOESN'T AGREE TO IT, IT DOESN'T HAPPEN. 
          THAT'S CORRECT. 
          SO WHAT TO BE ON, ON, ON THIS THOUGH, DARTA SET THIS UP WHERE THEY HAVE SAID IF WE APPROVE IT BEFORE JANUARY 1ST, IT IS AGREED TO THEY, SO THEY BASICALLY PREEMPTIVELY SAID, GO FORWARD. 
          SO THAT'S WHY IF THERE'S A TIMELINE ON THIS, IT'S TO, TO HAVE IT APPROVED BEFORE THE END OF THE CALENDAR YEAR AND IT WILL MOVE FORWARD WITH DART. 
          EVEN UNDER THE CURRENT ENVIRONMENT, YOU HAVE NOT HEARD ANY CURRENT DART ENVIRONMENT. 
          WE HAVE NOT HEARD 
          [00:45:01]
ANYTHING DIFFERENT. 
          SO, UH, THIS, UH, THAT CITY MANAGER IS TALKING ABOUT, THIS WAS APPROVED THE JUNE, UH, NINTH, 2025, UH, DARK BOARD DIRECTORS MEETING. 
          SOME, UH, HIGHLIGHTS FROM THAT IS THAT THE TOURS MUST BE AROUND WHAT THEY CALL A TRANSIT ANCHOR. 
          SO TECHNICALLY WE WOULD'VE TWO, ONE BEING THE NEW AS THE STATION, THE SECOND BEING THE TRANSIT CENTER. 
          SO WE WOULD QUALIFY FOR EITHER ONE OF THOSE. 
          UH, ELIGIBLE USES, UH, STILL HAVE TO CONFORM TO THEIR GOVERNING BODY OF CHAPTER 4 52, BUT THAT COULD BE A NUMBER OF THINGS. 
          STREET SIDEWALKS, SIGNALS, BIKE INFRASTRUCTURE, PARKING AND GARAGES. 
          AND ANYTHING RELATED TO TRANSIT ORIENT DEVELOPMENT, UM, THAT CONTRIBUTION THAT KIND OF PRE-APPROVED WOULD ACTUALLY, UH, QUALIFY FOR 60% BECAUSE IT WOULD BE A JOINT DEVELOPMENT WITH DART. 
          AND THAT PROPERTY, UM, IS FUNDED THROUGH THE FTA. 
          UM, THE STIPULATION IS THAT THE, THE TOWN WE NEED TO AT LEAST EQUALLY MATCH THE AMOUNT THAT DART WOULD PUT IN, WHICH WE WOULD MORE THAN, UH, SMASH THAT MANY TIMES OVER. 
          AND THE TERM WOULD BE FOR A PERIOD OF 10 YEARS. 
          UM, ONE INTERESTING THING ABOUT THIS IS THAT WE COULD ESSENTIALLY, WE HAVE FIVE YEARS TO KIND OF START THAT 10 YEAR TERM. 
          SO WE COULD, UH, HAVE A FIVE YEAR RUNWAY TO KIND OF REALLY LET THAT, UH, DEVELOPMENT BUILD OUT. 
          UM, AND THEN THERE WOULD BE A TWO YEAR CUT LOOK BACK ON, ON A TAX INCREMENT. 
          SO, UM, FURTHER QUESTIONS I CAN EXPLAIN THAT. 
          I DO HAVE A QUESTION. 
          UH, I DON'T REALLY UNDERSTAND THE MATCH. 
          SO IF, IF, WE'LL SEE HERE THAT, UM, ESSENTIALLY ABOUT A MILLION DOLLARS OVER 30 YEARS IS KIND OF WHAT WE'RE PROJECTING. 
          WE JUST NEED TO MAKE SURE THAT WE'RE ALSO PUTTING IN AT LEAST A MILLION DOLLARS IN INTO THAT. 
          BUT AS YOU'LL SEE, THE PROJECTIONS ARE OVER A HUNDRED MILLION IS WHAT WE HAVE. 
          SO IT, I GUESS IT'S JUST BASICALLY SAYING THAT IN WHAT CITY, JUST TO CREATE, UH, A TURS DISTRICT AND, AND, YOU KNOW, COLLECT DARS MONEY AND THEN NOT PUTTING MATCHING FUNDS. 
          WHAT WAS THE PURPOSE BEHIND THAT? WHERE DO THE MATCHING FUNDS GO INTO THE TURFS? SO INTO, INTO THE PROJECT, OUT OF OUR PART OF THE SALES TAX OF UP, IT'S BEEN THE MATCHING FUNDS ARE JUST SAYING YOU'RE GONNA HAVE A TERMS THAT HAS MONEY IN IT. 
          OKAY. 
          AND SO, UM, AT THAT DIRECTION FROM THE, UH, THE LAST MEETING THAT WE HAD WITH COUNCIL ANTICIPATION OF THE TOB, WE, WE WENT AHEAD AND, UH, DID SOME PRELIMINARY, UH, ANALYSIS ON THE FINANCIAL PLAN. 
          WE CAME UP WITH THE BOUNDARIES HERE IN THE RED ZONE. 
          UH, WE HEARD, UH, SOME FEEDBACK BEFORE, ESPECIALLY THIS WAS BEFORE THE DART ILA HAPPEN. 
          UM, SO WE HAD SOME QUESTIONS FROM COUNCIL, LIKE, HEY, COULD WE LOOK AT MAYBE ADJUSTING SOME OF THESE ZONES? SO WE'VE ACTUALLY PROPOSED, UH, EXTENDING THE ZONE, COUPLE MORE, UH, AREAS HERE, ORANGE ZONE, WHICH HAS ABOUT 213 MILLION MORE DOLLARS IN, UH, AV BASE VALUE. 
          UH, AND ABOUT $270,000 IN, UH, 12 MONTH, UH, TAX SALES, TAX REVENUE. 
          AND THEN EXTENDING IT ACROSS THE LINE IN AN ADDITIONAL $56 MILLION IN ABOR, UH, WITH AN ADDITIONAL $380,000 IN SALES TAX REVENUE IN STUDYING THIS. 
          WHY DO WE HAVE A CARVE OUT RIGHT IN THE MIDDLE OF THE DAY? WHY IS THAT BUILDING CARVED OUT? SO INITIALLY WHEN WE DID THIS, THERE IS A, UH, A STATE STATUTE THAT SAYS THAT NO MORE THAN 25% OF YOUR, UH, ADD LAUREN VALUE CAN GO INTO THE TIFF. 
          HOWEVER, FOR THE RESEARCH THAT ONLY APPLIES TO CITIES OF A HUNDRED THOUSAND OR MORE. 
          SO WE WOULD ACTUALLY BE EXEMPT FROM THAT. 
          UM, AND THE REASON WHY THAT WAS CARVED OUT, BECAUSE THAT IS A BRAND NEW MULTIFAMILY DEVELOPMENT. 
          SO GOING BACK TO THESE CRITERIA HERE THAT WE LOOK AT, IT WOULD NEITHER BE A, A SOURCE OF NEW INCREMENT COMING IN OTHER THAN ORGANIC GROWTH, AND IT WOULD BE LOW PRIORITY ON REINVESTMENT NEED. 
          AND SO WHEN WE ARE LOOKING AT THAT CAP THAT WE COULD POSSIBLY BUMP UP AGAINST AT 25%, IT DIDN'T SEEM, YOU KNOW, LIKE THERE WAS ANY VALUE IN ADDING IT IN. 
          NOW THAT WE KNOW WE COULD ACTUALLY GO UP TO 50% VALUE, WE COULD INCLUDE IT AND IT WOULDN'T REALLY BE STRATEGIC HINDRANCE TO US. 
          BUT BEING A NEW BUILDING, WOULD THAT NOT PROVIDE MORE REVENUE FROM THAT BUILDING THAN IF IT WERE AN OLD APARTMENT BUILDING? WELL, IT IS, THE BASE VALUE IS GONNA BE SET, SO THAT BASE VALUE IS GONNA STAY IN THE GENERAL FUND. 
          SO JUST, THERE COULD STILL BE SOME, YOU KNOW, ORGANIC THAT, THAT WOULD GO IN. 
          UM, BUT JUST AT THE TIME, JUST 
          [00:50:01]
IT SEEMS STRATEGIC, LIKE OKAY, WE DIDN'T WANNA, IT IS A HUNDRED MILLION DOLLAR PLUS, UH, TAXABLE VALUE DIDN'T SEEM LIKE THERE WAS ANY, IT'S ALREADY REALIZED ALL OF ITS APPRECIATION SENSE ESSENTIALLY, IT'S JUST GONNA BE MORE AS IT GOES ALONG. 
          SO IT'S ALREADY FULLY ONLINE, THEY ALREADY FULLY LEASED OR SOMETHING INCREASE IN VALUE AS MUCH AS SOME OF THE OTHER ONES? IS THAT YES, ESSENTIALLY. 
          BUT AS I STATED, KNOWING THE INFORMATION WE HAVE NOW, WE COULD INCLUDE IT JUST FOR PUT IN THERE. 
          SIMPLISTIC, ALL THOSE IN THE ORANGE. 
          WE DID INCLUDE IT. 
          SO WHEN WE WENT BACK, THAT'S A GREAT QUESTION. 
          YEAH, WE ACTUALLY INCLUDED IT BACK IN WHEN WE DID THE ORANGE AND THE YELLOW. 
          SO WE, WE WENT AND ADDED, OH, SUBMIT TO QUESTION WAYNE, UM, THE, THE NEW TOWN HALL WOULD, THAT SHOULDN'T, SHOULDN'T THAT BE EXCLUDED OR WHY IT IS NOT TAXABLE? SO IT REALLY DOESN'T MATTER. 
          IT DOESN'T. 
          OKAY. 
          YEAH. 
          SO WE SAID, BUT WE COULD USE, YOU KNOW, IF WE WANTED TO MAKE REINVESTMENT, WE COULD USE DOLLARS FROM OTHER PROPERTIES TO REINVEST INTO THAT PROPERTY IF YOU WANTED TO. 
          JUST THE MECHANICS OF IT ALL, WE'RE GONNA SET THE BASE VALUE, RIGHT? SO LET'S JUST SAY I BUILD A BUILDING IN THE TURS, I STILL PAY MY TAXES, BUT THE MECHANICS OF IT ALL THE TOWN COLLECTS JUST THE ADDISON PORTION, AND THAT'S THE ONLY PART, THE ADDISON PORTION THAT GETS RECORDED. 
          AS FAR AS THE INCREMENTAL INCREASE IN VALUE, IT HAS NOTHING TO DO WITH LIKE DALLAS COUNTY DISD OR ANYTHING LIKE THAT. 
          IF, IF, IF THE COUNTY WERE TO PARTICIPATE, THAT WOULD MATTER. 
          UM, I WILL SAY THAT HISTORICALLY THE COUNTY ONLY PARTICIPATES IN TURS IN WHICH THERE'S AN AFFORDABLE HOUSING COMPONENT. 
          UM, THERE WAS HOUSING INITIALLY WHEN THE, THE TOWN HAD APPROACHED THEM AND DECLINED, BUT, BUT NOW THE HOUSING IS NOT IN THERE. 
          BUT THAT'S THE ONLY COMPONENT THAT GOES INTO THAT ADDED INCREMENTAL VALUE IS THE ADDISON PORTION OF THE ADD ALARM TAX. 
          CORRECT. 
          BECAUSE WE'D BE THE ONLY PARTICIPATING ENTITY. 
          OKAY. 
          AND THEN SO YOU'RE, YOU'RE, UM, PROPOSING A 10 YEAR TERM, UH, 30 YEAR TERM, 30 THE 10 YEAR ON THE DART. 
          OKAY. 
          WHICH IN MY OPINION IS A LITTLE SHORT. 
          AND THEN WHAT, I GUESS I SAW ONE HERE THAT YOU COULD, IF YOU WANTED TO EXIT THE TURS, RIGHT? MM-HMM . 
          HOW HARD IS THAT? WELL, IT WOULD BE, UH, THE DECISION OF THE CITY COUNCIL AND ESSENTIALLY ANY, UH, OBLIGATIONS THAT THE TURS HAS, YOU WOULD NEED TO PAY THOSE OFF. 
          AND THEN ANY REMAINING FUND WOULD GO BACK. 
          SO IS IS THAT WHAT COULD HAPPEN IS YOU COULD ISSUE A BOND BASED ON THE TOUR'S REVENUE AND THEN SUDDENLY YOU WOULD BE OBLIGATED TO KEEP THEIR TOURS AROUND UNTIL THE BOND WAS EXTINGUISHED? WE COULD, BUT YOU WANNA YEAH. 
          TAKE OVER HOW WE, I WOULD ALSO SAY THE MORE LIKELY SCENARIO IS WE WOULD ISSUE THE DEBT WITH THE BACKING OF THE ENTIRE TOWN BECAUSE WE'RE GONNA GET BETTER RATINGS AND JUST PAY THE DEBT SERVICE FROM THE TOURS. 
          IN THAT SITUATION, IF YOU DISSOLVED, YOU KNOW, IT WOULD JUST CHANGE THE, THE WAY THE MONEY MOVES, BUT IT WOULDN'T, YOU WOULDN'T HAVE THAT SAME OBLIGATION TO PAY OFF A TURS YET. 
          BECAUSE THAT'S WHERE, WHERE I WAS GOING WITH MY QUESTION IS IF, IF SOMETHING WERE TO HAPPEN AND THINGS REALLY SLOW, SALES TAX REALLY DRIES UP AND WE REGRET STARTING TO TURS, THERE IS A MECHANISM TO, TO GET TO THAT ADDED VALUE IF YOU REALLY, REALLY NEEDED TO. 
          SURE. 
          AND, AND ANYTHING THAT WE TALKED ABOUT, YOU CAN CHANGE THE BOUNDARIES, YOU CAN CHANGE THE PARTICIPATION RATE, YOU CAN TERMINATE THE TERMS, UM, AS LONG AS YOU'RE, YOU HAVE YOUR FINANCIAL OBLIGATIONS, UH, PAID OFF. 
          OKAY. 
          AND THEN STEVEN WILL JUMP IN HERE AND JUST A COUPLE MORE SLIDES TO KIND OF GO INTO A LITTLE BIT MORE DETAIL ABOUT HOW WE'RE PROPOSING TO DO THE FINANCING STRUCTURE, UH, WITH THIS. 
          BUT REAL QUICK, UM, THOSE, THOSE RED BOUNDARIES, WHEN WE DID THE PRELIMINARY FINANCING, THESE ARE THE PROJECTIONS THAT WE CAME UP WITH. 
          SO IF YOU LOOK AT ALL THE TAXING ENTITIES, UH, LOOK AT SOMETHING JUST SHORT OF 1 BILLION OVER THAT 30 YEAR TERM. 
          AND THEN IF WE ISOLATE THAT JUST TO, UH, THE TOWN OF ADDISON, THAT TOTAL TAXES GENERATED WOULD BE 300 MILLION. 
          AND THEN OF THAT 300 MILLION, WE'RE PROJECTING ABOUT 150 IN ORGANIC GROWTH AND ABOUT 144 MILLION IN NEW DEVELOPMENT. 
          AND THOSE ARE JUST NUMBERS YOU PULLED OFF THE WALL SOMEWHERE? NO, I MEAN, WE, THE TERM IS CALLED CRYSTAL BALLING, UM, WHICH NOT ONE OF THOSE. 
          YEAH. 
          AND SO ESSENTIALLY WHAT WE DO IS 
          [00:55:01]
WE TAKE A LOOK AT THE MAP AND WORKING WITH, UH, DAVID PETIT, UM, WHO HELPED US WITH THE PROJECTIONS IS LOOKING AT, UH, HISTORICAL DATA, LOOKING AT COMPS AND KIND OF LOOKING AT, UH, A 4% GROWTH RATE WHERE YOU CAN LOOK AT THAT. 
          AND SO THIS IS WHEN WE LOOK AT, UH, PARTICIPATION RATES. 
          SO THE TOTAL AMOUNT TO THE CITY AND, AND REAL PROPERTY BE 289 MILLION, BUT WITHIN THE TURS, THE COUNCIL WOULD SET THAT PARTICIPATION RATE. 
          SO AT 50%, 50% GOING TO THE TURS, 50, 50% GOING BACK TO THE GENERAL FUND, THAT WOULD BE $144 MILLION. 
          UM, AT 80% THAT WOULD BE $231 MILLION INTO THE TURS. 
          UM, AND WE'LL, WE'LL DISCUSS THIS A LITTLE BIT MORE I THINK WHEN, UH, STEVEN GOES IN THROUGH THE FINANCING STRUCTURE. 
          BUT ONE OF THE THINGS THAT WE KIND OF TALKED ABOUT WAS REALLY WHEN WE LOOK AT THE TOD IS THE IDEAS. 
          WE WOULDN'T HAVE ANY ADDITIONAL, UM, INCREMENT TO INVEST IN THE OTHER PROJECTS UNTIL WE PAY BACK THE GENERAL FUND. 
          SO WHAT STEVEN'S GONNA PROPOSE HERE IN A SECOND IS HAVING THE GENERAL FUND PRE-FUND THE TURS AND THEN THE CHARGE PAYING BACK THE GENERAL FUND. 
          AND THEN WE COULD PURSUE A STRATEGY IN WHICH WE SORT OF STAIR STEP UP. 
          WE COULD ADD 80%, WE COULD HAVE A HUNDRED PERCENT INTO THE TURS, AND THEN AT 10 YEARS STAIR STEP THAT DOWN TO 7, 5, 70 5%, AND THEN AT 20 YEARS, FOR THE FINAL 10 YEARS, WE COULD GO TO 50. 
          SO WE CAN SET THIS ANY WAY THAT WE WANT. 
          AND THIS IS JUST, UH, AN EXAMPLE OF WHAT THOSE RATES WOULD LOOK LIKE. 
          AND THEN STEVEN, I'LL LET YOU JUMP IN HERE. 
          UM, THIS WOULD BE SPECIFIC TO, UH, ANY PROJECTS WITHIN THE TOD AND, AND HOW THAT WOULD FUNCTION WITHIN THE JURORS. 
          THANK YOU. 
          SO WE, WE HAD PREVIOUSLY GONE OVER A LITTLE BIT OF, OF THIS HOW THE PROPOSED FUNDING, ESPECIALLY FOR THE, UH, FOR THE TO OD WOULD WORK. 
          BUT, UM, YOU KNOW, ESSENTIALLY WHEN YOU'RE APPROVING A JURORS, UH, THERE'S A FINANCING PLAN, THERE'S A PROJECT PLAN. 
          SO, UM, SO PART OF THAT ORDINANCE THAT YOU WOULD END UP ADOPTING, CREATING A TOURS HAS A LIST OF POTENTIAL PROJECTS. 
          AND THEY'RE NOT SUPER SPECIFIC, BUT THEY'RE, YOU KNOW, IT'S GONNA FUND LIKE ECONOMIC DEVELOPMENT GRANTS, ROAD IMPROVEMENTS, PARK IMPROVEMENTS, THOSE TYPES OF THINGS. 
          UM, SO, UH, HERE'S A LIST OF, OF SOME OF THE WAYS THAT WE WOULD PROPOSE FUNDING THESE. 
          UM, AS DAVID KIND OF ALLUDED TO THAT, WE WOULD NOT RECOMMEND GOING OUT AND SELLING TURS BONDS. 
          THEY WOULD HAVE, YOU KNOW, ESSENTIALLY THIS IS, WOULD BE, THEY WOULD BE VERY LOW RATED, THEY HIGH INTEREST RATE. 
          UM, YOU CAN, YOU KNOW, FOR SOME OF THESE PROJECTS, USE THE TOWN'S FINANCING CAPABILITIES TO GET THE LOWEST INTEREST RATES AND THEN REPAY THOSE, UH, OR PAY THAT DEBT SERVICE WITH THE TUR. 
          SO, UM, SO ECONOMIC DEVELOPMENT GRANTS, UM, THOSE YOU CAN'T SELL BONDS FOR. 
          SO THOSE WOULD BE FUNDED WITH AVAILABLE CASH RESERVES, UH, FROM SOME OF OUR AVAILABLE RESERVES, LIKE THE GENERAL FUND, THE INFRASTRUCTURE INVESTMENT FUND, UH, SOME OF OUR SELF PROJECTS FUNDS, AND THEN REPAID BY THE TURS AS THAT INCREMENT IS GENERATED OVER TIME. 
          UM, STREET IMPROVEMENTS, UH, WE CAN SELL BONDS FOR THOSE. 
          SO WE WOULD RECOMMEND, UM, ANY STREET AND INFRASTRUCTURE IMPROVEMENTS BE FINANCED WITH COS AND REPAID BY THE TURS. 
          UM, AS FAR AS THE DEBT SERVICE GOES, IS THAT INCREMENT, UH, IS GENERATED, UH, PARKING AND TRANSIT IMPROVEMENTS? UM, WE DO HAVE THAT GENERAL OBLIGATION BONDS THAT WERE APPROVED BY VOTERS BACK IN 2012, UM, FOR, UM, UH, PARKING IMPROVEMENTS IN, UH, THE, UH, THE ADDISON CIRCLE AREA. 
          SO WE WOULD RECOMMEND USING, USING THOSE AND CERTIFICATES TO MAKE THOSE IMPROVEMENTS AND THEN REPAY THOSE WITH DETER INCREMENT OVER TIME. 
          UH, PEDESTRIAN ENHANCEMENTS. 
          UM, NOW SOME OF THESE ARE, ARE RESTRICTED AND CAN'T BE. 
          UM, YOU KNOW, YOU CAN'T SELL BONDS FOR SOME OF THESE THAT ARE, THAT ARE MORE PARK RELATED. 
          SO THERE'D BE A COMBINATION OF AVAILABLE CASH RESERVES FROM THOSE FUNDS THAT I'VE LISTED OR COS AND THEN AGAIN, REPAID BY THE TURS AS THAT INCREMENT IS GENERATED OVER TIME. 
          UM, OPEN SPACE PARK, RECREATION, FACILITY IMPROVEMENTS, PUBLIC FACILITIES AND IMPROVEMENTS. 
          UM, THOSE CAN'T AND CAN'T SELL COS FOR THOSE, UH, YOU CAN FUND THOSE WITH AVAILABLE CASH RESERVES AND THEN A REPAY, UH, BY THE CURVES AS THAT INCREMENT IS GENERATED. 
          AND THEN PUBLIC UTILITY SUCH AS UTILITY, YOU KNOW, WATER, STORM WATER, UH, SEWER INFRASTRUCTURE, UH, WOULD BE FUNDED BY CERTIFICATES OF OBLIGATION OR, OR CASH RESERVES FROM THOSE FUNDS. 
          SO ESSENTIALLY THOSE ENTERPRISE 
          [01:00:01]
FUNDS THAT OPERATE MORE LIKE A BUSINESS CAN FUND, UH, THE IMPROVEMENTS, UM, FOR THOSE TYPES OF, UH, INFRASTRUCTURE. 
          AND DO YOU WANT ME TO GO OVER YOU? YOU CAN GO. 
          OKAY. 
          SO THIS KIND OF LIST AND KIND OF WHEN I, WHEN I SAID THAT, YOU KNOW, YOU'RE GONNA APPROVE IF, IF YOU GO FORWARD WITH THIS A PROJECT AND FINANCING PLAN. 
          SO I KIND OF WENT THROUGH ALL OF THE DIFFERENT CATEGORIES OF, OF PROJECTS THAT WOULD BE LISTED IN A, IN A POTENTIAL SERVICE ORDINANCE. 
          SO, YOU KNOW, AND, AND LIKE I SAID, IT'S NOT GONNA BE SPECIFIC, IT'S GONNA BE PEDESTRIAN ENHANCEMENTS. 
          'CAUSE YOU KNOW, AGAIN, THIS IS A 30 YEAR T SO YOU MAY HAVE PEDESTRIAN ENHANCEMENTS THAT AREN'T NECESSARILY ON, UH, THE LIST RIGHT NOW, BUT AS YOU MOVE, YOU KNOW, AS YOU'RE IN YEAR 15, MAYBE THERE'S SOMETHING THAT, THAT COMES UP. 
          SO IT'S VERY GENERAL CATEGORIES SUCH AS THOSE THINGS, UM, FOR THOSE AND THOSE SPECIFIC PROJECTS COME UP ON AN ANNUAL BASIS MORE WHEN YOU'RE GOING THROUGH THE BUDGET PROCESS. 
          UM, BUT OVERALL, YOU KNOW, ASSUMING A 65, UH, PERCENT PARTICIPATION RATE, YOU CAN SEE TOTAL PROJECT COSTS, UH, IN THE TURS, UH, ABOUT $188 MILLION AND THEY'RE BROKEN DOWN MIGHT SHOWS CATEGORY KIND OF THAT I WENT THROUGH, UM, EARLIER. 
          SO YOU CAN SEE, FOR INSTANCE, THE PUBLIC UTILITIES, UH, THOSE WATER FACILITIES AND THOSE TYPES OF THINGS, UH, THAT WE WOULD BE ABLE TO USE OUR STORM WATER OR UTILITY FUND, UH, TO CASH FUND OR, OR ISSUE BONDS FOR ABOUT $9.4 MILLION IS WHAT WE ANTICIPATED IMPROVEMENTS FOR THOSE TYPES OF PROJECTS. 
          UM, OVER THE LIFE OF, UH, THE TOURS AND PARKING AND TRANSIT IMPROVEMENTS, ABOUT 28 MILLION. 
          SAME THING FOR STREET IN INTERSECTION IMPROVEMENTS AROUND 28, UH, MILLION PEDESTRIAN IMPROVEMENTS, UM, 33.9 MILLION. 
          AND THEN OPEN SPACE PARK RECREATION FACILITIES, UH, ABOUT 28 MILLION ECONOMIC DEVELOPMENT GRANTS, UH, 56.5 MILLION. 
          AND THEN ADMINISTRATIVE COSTS ABOUT 3.8 MILLION. 
          SO CAN YOU EXPLAIN THAT? THAT'S ONE QUESTION. 
          ADMINISTRATIVE COSTS. 
          WHY WOULD IT COST THREE? YEAH. 
          WHERE DOES THAT GO? DO YOU WANT, SO ESSENTIALLY, ONE OTHER IMPORTANT PIECE HERE IS THAT, UM, TALKING ABOUT THAT CRYSTAL BALL EXERCISE, UH, IF WE'RE OFF ON ANY OF THESE ESTIMATES, THOSE DOLLARS CAN GO INTO ANY OTHER OF THESE CATEGORIES. 
          THE ONLY ONE THAT YOU'RE LIMITED ON IS ADMINISTRATIVE COSTS. 
          SO HYPOTHETICALLY YOU COULD, UH, YOU KNOW, 30 YEARS FROM NOW, THE, THE TOWN WANTED TO, THEY COULD FUND SALARIES FROM ECONOMIC DEVELOPMENT OUT OF THE FUND. 
          UH, IF YOU WANTED TO HIRE, UH, A PLANNING CONSULTANT TO KIND OF HELP REDIRECT SOME OF THAT INVESTMENT THAT COULD BE APPROVED IN THE ADMINISTRATIVE COSTS, UM, SOUNDS LIKE A SLUDGE FUND. 
          AND WHEN I, WHEN I HEAR ADMINISTRATIVE COSTS, WHAT COMES TO MY MIND IS THE COST OF RUNNING THIS PROJECT AND THE ACCOUNTANTS THAT IT WOULD CREATE TO DO THIS. 
          AND DO WE NOT HAVE STAFF IN THE TOWN THAT CAN DO THAT? WE DO PAID STAFF. 
          WE'RE TALKING ABOUT OVER 30 YEARS. 
          AND ESSENTIALLY WHAT IT WOULD BE IS IF AT SOME POINT WE WANT TO SAY SOME OF WAYNE'S SALARY GOES TO THE TURS, YOU CAN DO SOMETHING LIKE THAT. 
          THAT'S WHAT, THAT'S WHAT IT'S OKAY. 
          THIS TUR HAS, I'LL HAVE LOTS OF QUESTIONS LATER, BUT IT SEEMS LIKE IT HAS SPAN FAR MORE THAN WHAT WE'VE TALKED ABOUT AT TERMS DOING. 
          SO I'LL ASK THOSE QUESTIONS AT THE END. 
          LET ME ASK THIS QUESTION. 
          SO, UM, AND, AND REALLY THIS HELPS ME BETTER UNDERSTAND THE WHY OF ALL THIS. 
          THERE'S A LOT OF, WE'RE GOING TO FUND SOMETHING FROM THE GENERAL FUND AND GET PAID BACK BY THE TURS, RIGHT? OR FUND SOMETHING FROM ONE OF OUR OTHER FUNDS AND THEN PAY BACK FROM THE TURS. 
          MM-HMM . 
          WHAT'S THE ADVANTAGE OF FUNDING THE TURS? WHY, WHY WOULDN'T YOU JUST LET ALL THE AVALOR FLOW RIGHT INTO THE GENERAL FUND? AND THEN IF YOU WANNA OFFER INCENTIVES, YOU PAY THE INCENTIVES OUT OUT OF THE GENERAL FUND. 
          ANY NEW, UM, INFRASTRUCTURE GETS FUNDED OUT OF THE GENERAL FUND, WHAT IS THE ADVANTAGE OF DOING THIS? SO I THINK FROM A HIGH LEVEL PERSPECTIVE, WHEN YOU LOOK AT THE ZONE AND YOU, YOU ARE IDENTIFYING, SAYING, HEY, GOING BACK TO THOSE, UH, THOSE AREA STUDIES, THIS IS A PARTICULAR AREA THAT WE HAVE DECIDED IS IN NEED OF REINVESTMENT. 
          AND SO ESSENTIALLY WHAT YOU'RE DOING IS YOU'RE, THIS COUNCIL IS SAYING, HEY, WE ARE PUTTING THIS AS A HIGH PRIORITY FOR REDEVELOPMENT AND WE WANT TO MAKE A, A CONTINUED 30 YEAR INVESTMENT INTO THAT AREA. 
          SO WHEN YOU GO OUT TO THE MARKET, IT'S ECONOMIC DEVELOPMENT AND WE'RE TALKING TO PROPERTY OWNERS, WE'RE TALKING TO INVESTORS. 
          THERE'S AWARENESS THAT IF THEY MAKE AN INVESTMENT IN THAT ZONE, THAT THERE ARE, THERE IS A FUND THAT IS AVAILABLE TO THEM THAT, 
          [01:05:01]
THAT WE WOULD LEVERAGE AND CO-INVEST. 
          UM, THERE'S ALSO SOME ADDITIONAL, UH, PIECES I THINK STEVEN, YOU CAN SPEAK TO WHEN, WHEN YOU TALK ABOUT WITH ANYTHING WITHIN THAT ZONE, IT DOESN'T COUNT AGAINST OUR, OUR CAP ON, UH, THE THREE AND A HALF PERCENT, UH, PIECE. 
          THERE, THERE IS, UH, I MEAN THERE IS SOME ON PROPERTY TAX RATE CALCULATION, YOU'RE, YOU'RE CAPPED AT A 3.5%, UM, INCREASE. 
          UM, THIS, ESSENTIALLY, THERE ARE SOME LIMITATIONS, BUT ESSENTIALLY THAT INCREMENT IS NOT CAPPED AT THE 3.5% INCREASE THAT, THAT WE'RE ALLOWED. 
          UM, AS FAR AS PROPERTY TAX, UH, IN GROWTH GOES. 
          SO THAT GOES AWAY. 
          THE, THE CAP, 3% CAP IT GOES AWAY, OR JUST THE TIP, THE TIP AREA. 
          OKAY. 
          SO IF I COULD JUST MAKE A COUPLE COMMENTS TO YOUR QUESTIONS. 
          SO, BIG PICTURE, I MEAN, FOR THE FIRST MANY YEARS, REALLY THE TIP'S GONNA BE THERE TO PAY BACK THE TOD INFRASTRUCTURE, THE, THE INCENTIVES THAT WE HAVE TO TIE WITH THE TOD. 
          SO I THINK STEVEN'S BEING CORRECT AND BEING CONSERVATIVE AND SAY, HEY, AS WE'RE STARTING IT UP TO PAY SOME OF THOSE BACK, WE MAY HAVE TO TAKE THE JOURNAL FUND AND THEN HAVE THE T PAY IT BACK LONG TERM THOUGH, AS IT STARTS TO REALLY CREATE THE INCREMENT. 
          AND THAT'S WHERE WE'RE PROJECTING WHEN WE'RE TALKING ABOUT 20 THIR 20 YEARS OUT, THAT'S WHEN WE'RE SAYING, HEY, WE CAN START TO TAKE SOME OF THAT INCREMENT AND START TO REINVEST IT. 
          AND THAT'S WHERE WE'RE GUESSING ON WHAT CAN THAT BE INTO THE FUTURE. 
          SO AS WE'RE LOOKING AT A 30 YEAR PHASE, WE'RE HAVING TWO DIFFERENT CONVERSATIONS, BUT WHEN WE'RE TALKING ABOUT REIMBURSING THE JOURNAL FUND, THAT'S REALLY THE INITIAL PROJECT THAT'S, WE'RE TRYING TO GET THE INITIAL FUNDS WE NEED TO GO FORWARD WITH THE TOD PROJECT. 
          THE TOURISTS CAN INDICATE THAT. 
          BACK TO YOUR BIGGER QUESTION, THERE'S NOTHING, OBVIOUSLY THAT'S AN OPTION. 
          WE'VE SAID THAT ALL ALONG. 
          IF WE JUST WANNA SAY, HEY, WE WANT TO HAVE THE ENTIRE TMD GO THROUGH OUR GENERAL FUND, THROUGH OUR OPERATING FUNDS, WE CERTAINLY CAN DO THAT. 
          WAYNE'S ARTICULATED SOME OF THE BENEFITS AND VERY WELL, BUT I THINK IT'S JUST YOU DRAW MORE ATTENTION TO IT, YOU ENSURE THAT THE VALUE THAT'S CREATED THERE IS NOT, IT'S COMING TO THE GENERAL FUND STILL. 
          WE'RE NOT SAYING ALL OF IT, BUT SOME OF IT IS GOING BACK INTO THE AREA. 
          SO IT CONTINUES TO HAVE THAT CYCLE OF REINVESTMENT. 
          THAT'S WHY YOU WOULD DO A TOURS. 
          WE HAVE THE ADDED, THE CHERRY ON TOP IS THE DARK PIECE, RIGHT? BUT IT'S NOT OBVIOUSLY THE BIGGEST PIECE OF THIS. 
          UM, IT'S A GOOD POLICY CONVERSATION TO SAY, WHAT DO WE WANT TO DO? DO WE WANT TO USE THIS TOOL OR NOT? WE'RE JUST LAYING IT OUT FOR YOU. 
          MM-HMM . 
          ADMINISTRATIVELY. 
          IS IT EASIER IF, IF YOU'RE IDENTIFYING AN AREA TO YOUR POINT, AND YOU, YOU HAVE THE TURS THAT IS FUNDED, I GUESS ADMINISTRATIVELY IT'S EASIER. 
          YOU'RE, YOU'RE HIGHLIGHTING THIS AREA AND THESE FUNDS. 
          I THINK IT, I THINK IT MAKES IT MORE CLEAR, RIGHT? YOU CAN VERY EASILY SAY, IF SOMEBODY SAYS, HEY, WHY ARE YOU MAKING, DOING THIS PROJECT RIGHT NEXT TO THIS TB DEVELOPMENT? WELL, WE CAN SAY THAT IS NOT BEING FUNDED BY THE ENTIRE TOWN. 
          THAT IS DIRECTLY BEING FUNDED BY THE INCREMENT WE'RE GETTING FROM THAT DEVELOPMENT. 
          AND BY DOING PERCENTAGES, IT'S NOT ONLY, IT'S STILL BENEFITING THE, THE DEVELOPMENT ITSELF, THE INCREMENTS STILL BENEFIT THE ENTIRE, THAT'S A POLICY CONVERSATION. 
          THANK YOU. 
          AND I THINK JUST THE OTHER, WHEN YOU THINK ABOUT INCENTIVES, THE PURPOSE OF INCENTIVES TO, UH, INCENTIVIZE THE MARKET. 
          SO CERTAINLY WE DO AN INCENTIVE, THERE'S A DIRECT INCENTIVE TO EACH PROJECT. 
          BUT ONCE AGAIN, THERE IS A MARKET MESSAGE AND IT'S EASIER TO GO OUT AND SAY, HEY, THIS FUND HERE IS AVAILABLE FOR REINVESTMENT. 
          WE CAN GO THOSE PROPERTY OWNERS, UH, THE COLON A, THE RENAISSANCE AND SAY, WE'RE CREATING THIS TIP. 
          THIS IS, THESE FUNDS ARE THERE FOR REINVESTMENT. 
          AND IT'S JUST A GOOD MESSAGING IN THE MARKET QUESTION. 
          I THOUGHT WE WERE DOING IT TO GET DART'S PARTICIPATION. 
          THAT 10 YEARS OF THE INCREASE I WE'RE GONNA GET SAID IT ONLY CAME OUT TO A COUPLE MILLION DOLLARS. 
          IS THAT, IS THAT WHAT YOU'RE SAYING? I'M SAYING IT'S, I'M SAYING IT'S THE ADDED BENEFIT. 
          CORRECT. 
          BECAUSE IF WE DON'T DO THE TERMS, WE DON'T GET THE DART PARTICIPATION. 
          CORRECT. 
          CORRECT. 
          THE ONLY WAY TO GET THAT IS THIS AND WE ONLY GET IT FOR 10 YEARS. 
          OR IT, COULD IT BE LONGER? NO. 
          OR IS 10 YEARS. 
          10 YEARS IS THE, IS WHAT DAR IS SAID THIS POINT THAT WE WERE DOING. 
          DO YOU HAVE MORE QUESTIONS? NO, I'M, CAN I JUMP IN REAL QUICK? AND, UH, SO CAN YOU GO BACK TO SLIDE 12 AND I JUST, UM, I NEED SOME HELP WITH THE SALES TAX AND THE, AND THE DARK PART AND, AND SO ON THE SALES TAX, SALES TAX FROM JUST THE, THE, LET'S JUST SAY THE RED, RED BOUNDARY OR THE ENTIRE CITY. 
          I JUST, I'M TRYING TO BETTER UNDERSTAND. 
          FIVE 12. 
          YEAH. 
          SO HYPOTHETICALLY, IF COUNCIL TOLD US TO DO THE RED BOUNDARY, IT WOULD BE THE INCREMENTAL SALES TAX SO THAT, THAT TOO WOULD'VE A BASE VALUE. 
          [01:10:01]
SO ANY NEW AND ABOVE THAT, THAT BASELINE WOULD BE IN THE RED AREA. 
          IF YOU SAID GO DO THE ORANGE ZONE, IT WOULD BE ANY SALES TAX WITHIN THAT ORANGE ZONE. 
          IF YOU SAID THE YELLOW WOULD BE IN THE YELLOW AND, AND SO DART'S, LET'S JUST SAY DART'S CONTRIBUTION IS 60% AND YOU WOULD AGREE TO MATCH, WE NEED TO MATCH THAT, RIGHT? SO CAN, SO, SO WHATEVER SALES TACTIC, SALES TAXES COME, LET'S SAY WE CHOOSE THE RED, THE RED BOUNDARY. 
          UM, SO WE WOULD TAKE 60% OF OUR, THE SALES TAX WE OWE TO DART AND WE AND DART WOULD GIVE THAT, NO, WE JUST TAKE 60% OF WHAT WE'RE PROJECTING HERE. 
          4.2. 
          SO IS THAT A LITTLE OVER 2.5 MILLION? MAYBE WE WOULD JUST NEED TO HAVE A MATCHING FUNDS OF 2.5 MILLION IN THE FUND, WHICH WE WOULD MORE THAN MATCH NOT THROUGH SALES TAX THROUGH. 
          'CAUSE WE WOULD NOT BE PARTICIPATING ON OUR SALES TAX. 
          WE WOULD ONLY BE PARTICIPATING IN OUR FORM. 
          OKAY. 
          AND SO TO HOW, I GUESS THAT GETS BACK TO HOWARD'S POINT. 
          SO WE MIGHT GET 2.5 MILLION, SOMETHING LIKE THAT OVER A 30 YEAR, CORRECT. 
          COMING BACK FROM DOLLAR 10 YEARS OR 10 YEARS. 
          WELL, THIS PROJECTION IS YEAH, THAT'S A GOOD POINT. 
          SORRY. 
          THIS PROJECTION WOULD BE 30 YEARS. 
          SO LESS LESS THIRD, 60% OF THE THIRD. 
          YEAH, 60 OF THE, SO DWAYNE, TO YOUR POINT, YOU SAID IT ALERTS SOMETHING, THE EFFECT OF IT ALERTS THE MARKETS THAT THE TOWN IS OPEN FOR REDEVELOPMENT SURE. 
          IS LIKE FLYING FLAG. 
          YEAH. 
          I MEAN, I HAD CONVERSATIONS WITH A REPRESENTATIVE FROM A VERY LARGE REIT THAT'S LOOKING AT INVESTMENTS IN TOWN AND SAID, HEY, UM, YOU KNOW, I HEARD THAT YOU GUYS WERE LOOKING AT CREATING INSURES IN THE TOD. 
          WHAT WOULD THOSE BOUNDARIES BE? WOULD THIS PROPERTY BE INCLUDED IN THAT? YES, IT, YES IT WOULD. 
          RIGHT NOW WE HAVE IT. 
          WE HAVE IT IN THERE. 
          SO THESE ARE JUST THINGS THAT, THAT INVESTORS WOULD TAKE NOTICE IN. 
          AND THAT'S ULTIMATELY BECAUSE YOU USE THE TERM FUNDS, BUT IT REALLY BECOMES GRANTS. 
          SURE. 
          YEAH. 
          I THINK, WELL, I MEAN IT'S GRANTS, BUT IT'S ALSO SHOWING THEM THAT WE'RE REINVESTING IN THIS AREA THAT WE'RE PUTTING INVESTMENT. 
          SO IT'S NOT JUST, IT COULD BE GRANTS, BUT IT ALSO COULD BE, HEY, WE KNOW WE'RE GONNA HAVE HIGH QUALITY PIECES THERE. 
          YEAH. 
          I JUST WANTED FOR, YEAH, BIG PICTURE PAINTING HERE. 
          I'M JUST DRAWING GRASP OF ALL, LIKE MARLON SAID, JUST TRYING TO GET A WRAPPED HEAD WRAPPED AROUND IT. 
          UM, SO WITHOUT IT, IT SENDS A MESSAGE TO A LARGE DEVELOPER THAT THERE'S STILL ANOTHER WAY IN JUST NOT TO RETURNS. 
          SURE. 
          MORE COUNCIL GENERATED CONVERSATIONS OF INCENTIVIZING. 
          AND, AND SO LIKE ANOTHER THOUGHT, LIKE IF YOU WOULD LOOK AT A DISADVANTAGE OF MAKING THE ZONE BIGGER AND BIGGER IS THAT IF I'M INVESTING IN ONE PROPERTY, WELL, THE BIGGER THE ZONE GETS, THE MORE DILUTED THE INVESTMENT BECOMES OVER A BROADER AREA, RIGHT? SO THEY WANT, THEY LIKE THE IDEA THAT KIND OF TO SUE MANAGER'S POINT THAT PROPERTY COULD BE ELIGIBLE FOR FUNDS, BUT ALSO THAT THE SURROUNDING PROPERTIES AND SURROUNDING AREAS ARE GONNA BE, YOU KNOW, DEDICATED TO REINVESTMENT. 
          SO THIS IS LOOKING AT THREE, THAT'S WHETHER COLORS COLOR CODED, YOU'RE LOOKING AT THREE DIFFERENT COMPLETE TURS NO, THESE ARE OPTIONS. 
          SO WE PRESENTED THE RED ZONE AND NO WAS CONVERSATION, FEEDBACK FROM THE COUNCIL OF, HEY, ARE THESE, WHY DID WE COME UP WITH THESE BOUNDARIES? COULD WE HAVE A FURTHER DISCUSSION? AND THIS IS JUST A STAFF RECOMMENDATION OF WHAT WE THINK THESE ZONES COULD BE ON. 
          WHAT IS THE SOUTHERN BOUNDARY? WHAT ROAD IS THAT? SO RIGHT WHERE THE, WHERE THE ORANGE LINE RUNS THROUGH THAT IS BELTLINE. 
          OKAY. 
          SO IF YOU'RE, IF YOU'RE DOING THE ORANGE ZONE, YOU BE CATCH CAPTURING THE NORTH PART OF BELTLINE. 
          IF YOU DID THE YELLOW, YOU WOULD EXTEND ACROSS TO THE SOUTH SIDE OF BELTLINE. 
          AND IT, THAT DOESN'T GET DOWN TO INWOOD WHERE ALL OF THE, IT, IT DOES NOT WHAT WE'VE TALKED ABOUT NEEDING TO BE REDEVELOPED. 
          IT DOES NOT. 
          OKAY. 
          AT WHAT POINT DO YOU FEEL LIKE YOU'RE ROBBING THE GENERAL FUND THOUGH? BINGO. 
          I, WE'RE LIMITING IT. 
          WE'RE LIMITING IT. 
          I FEEL LIKE WE'VE DONE A LOT OF GOOD WITH SOME OF THE, YOU KNOW, GROWTH IN SALES TAX AND AVALOR. 
          AND I, I FEEL LIKE YOU, TELL ME IF I'M WRONG, BUT CERTAINLY 
          [01:15:01]
YOU, YOU, YOU MAY BE TAKING SOMETHING AWAY FROM THE GENERAL FUND, OBVIOUSLY THE SALES TAX, OBVIOUSLY THAT'S NOT RELEVANT. 
          UM, WHAT I WOULD SAY IS WE KNOW WE HAVE THE TOD PROJECT COMING AND WE KNOW THE INVESTMENT THAT'S GONNA BE NEEDED THERE. 
          SO IT'S NOT LIKE WE KNOW THAT'S COME, WE HAVE TO PAY THAT, RIGHT? ASSUMING WE GO FORWARD WITH THE MODEL THAT WE HAVE. 
          SO THAT'S HAPPENING, THAT'S GETTING PAID. 
          THIS JUST GIVES US SOME MECHANISM TO HAVE THAT PAY FROM, FROM THIS FOR THIS PURPOSE. 
          IF WE'RE NOT YOU, WE COULD SAY WE COULD SET UP THE MODEL IN, IN NUMBER OF WAYS. 
          IF YOU WANT TO HAVE IT BE A SHORTER DURATION. 
          AND WE HAVE A CONVERSATION IN 15 YEARS WHERE YOU BUILD IT IN, IN 15 YEARS, YOU TALK ABOUT DO YOU WANT CONTINUE THIS GOING FORWARD? I MEAN, THERE'S OPTIONS THAT WE COULD HAVE TO THAT POINT, BUT PARTICIPATION RATES. 
          SO YOU COULD LOOK AT THE DIFFERENT RATES. 
          YOU COULD START AT, AT A DIFFERENT NUMBER. 
          SO I, I HEAR YOUR POINT. 
          AND I, I THINK THERE'S SAFEGUARDS AGAINST THAT. 
          AND ULTIMATELY WE KNOW WE'RE GONNA REINVEST IN THIS AREA. 
          IT JUST HELPS TO SHOW THAT WE'RE DOING IT. 
          YEAH. 
          BUT IF THAT'S A CONCERN, I MEAN, I THINK WE'RE NOT SAYING THIS IS THE ONLY WAY THAT WE CAN HAVE REINVEST IN THIS AREA. 
          THE ONLY WAY WE CAN FUND THE TURS UNDER FUND THE TOD PROJECT, THIS IS JUST A MECHANISM THAT'S USED MANY PLACES THAT WE'VE BEEN TALKING ABOUT FOR A FEW YEARS. 
          SO WE'RE BRINGING IT FORWARD. 
          IT SEEMS LIKE IT'S A PERFORMANCE BASED INVESTMENT AND IT'S FOCUSED. 
          SO YOU'RE INVESTING IN THERE AND IF IT PERFORMS AND IT FUNDS THE FUND GREATER AND YOU CAN REINVEST. 
          SO IT'S A, IT'S A CYCLE. 
          AND WE'RE FOCUSING IN ON THAT. 
          LIKE I SAID, IN A BUSINESS, IT WOULD BE A BUSINESS LINE THAT ALL THE PROFITS OF THAT BUSINESS CAN BE ROLLED BACK INTO THAT BUSINESS LINE AND THAT'S GONNA INCREASE THAT BUSINESS AND IT'S GONNA BE BETTER FOR THE OVERALL BUSINESS. 
          SO I SEE THIS AS IT IS 30 YEARS OLD. 
          CAN YOU BRING THE MAP BACK UP, THE RED ZONE AND ALL THAT MAP? HOW CLOSE ARE YOU BEING DONE WITH YOUR PRESENTATION? I REALLY, WE HAD NEXT STEPS. 
          AND SO IT'S, THIS IS A GOOD TIME TO HAVE THIS CONVERSATION. 
          SO ALL OF THAT IS OLD. 
          I MEAN, IT'S 30 YEARS OLD EXCEPT FOR THE AMWAY BUILDING. 
          IT'S ONLY LIKE FOUR OR FIVE YEARS OLD OR HOWEVER, SIX, SEVEN MAY MAYBE NOW. 
          SO ALL OF IT NEEDS TO BE REINVESTMENT. 
          DOES, DOES HOTEL RATES, DO THEY HAVE SALES TAX ON THE HOTEL RATES? I, I DON'T. 
          HOTEL'S PRETTY SALES TAX. 
          YEAH. 
          YEAH. 
          IT INCLUDES SALES TAX PLUS HOTEL TAX. 
          YES. 
          THE HOTELS HAVE SALES TAX. 
          SO A LOT OF THE HOTELS NEED REVAMPING. 
          AND SO I'M LIKE, OKAY, THAT'S REALLY GOOD 'CAUSE WE GOT A LOT OF THAT. 
          WE GOT, UH, THAT SALES TAX INCREASE ALSO. 
          UM, SO ON SLIDE 18 IS THE TOD UH, OBLIGATIONS THAT WE ARE ROLLING TOWARDS, IS THAT INCLUDED IN THE, UH, ECONOMIC DEVELOPMENT GRANTS OF 56 MILLION OR IS THAT INCLUDED SOMEWHERE ELSE? UH, SO TECHNICALLY WHAT WOULD BE INCLUDED THERE WOULD BE JUST, I THINK JUST THE OFFICE GARAGE COMPONENT WOULD BE ALLOCATED ON THAT PARTICULAR ONE. 
          IF YOU RECALL, WE HAVE NO GRANTS IN THE CURRENT PROPOSAL. 
          WE'RE JUST FUNDING INFRASTRUCTURE. 
          SO IT'S GONNA BE IN THOSE INFRASTRUCTURE LINES. 
          OKAY. 
          SO THE 56 MILLION. 
          SO WHEN I WAS SAYING, UH, IN, IN PRIOR CONVERSATIONS ABOUT THAT SEEMED LIKE A REALLY SMALL INCENTIVE ALONG THE, YOU KNOW, MONTHS WHERE WE'VE BEEN GIVING INCENTIVES. 
          UM, I WROTE DOWN TOO LITTLE. 
          SO THIS 56 MILLION ALLOWS FOR OTHER LARGER INVESTMENTS INCENTIVES, CATALYST TO CULMINATE SIZE AND SOME OF THESE OTHER ONES. 
          SO I SEE, I THINK IT MAKES SENSE THAT THE FACT IF ALL OF IT WASN'T GOING TO AN INCREMENT JUST IN THAT AREA, BUT PART OF IT'S GOING INTO THE GENERAL FUND AND IT DOES BENEFIT THE REST OF THE TOWN. 
          SO WE CAN CONTROL THAT. 
          THAT'S THAT'S MAKES ME COMFORTABLE WITH THAT. 
          WE LIKE THAT PART OF IT. 
          YEAH. 
          BUT, UH, BUT IT IS FOCUSED ON THE, SO YOU MENTIONED, UH, SOMETHING PROJECT, SOMETHING IN THE ORDINANCE PROJECT SCOPE OR PLAN, MAYBE PROJECT PLAN PROJECT AND FINANCING PLAN. 
          YES. 
          SOMETHING LIKE THAT. 
          AND YOU ALLUDED TO IT THAT WE, WE COULD CHANGE THOSE. 
          IT'S NOT GONNA BE BUILT INTO THE PLAN TOWARDS IT'S FIXED. 
          SO THE, THESE, THAT'S ESTIMATES, THESE ARE PROPOSED PROJECT COSTS, RIGHT. 
          AND THE STATUTE ALLOWS FLEXIBILITY BECAUSE THEY UNDERSTAND THAT WE'RE ALL CRYSTAL BALLING. 
          THE ONLY ONE THAT YOU CAN, YOU KNOW, YOU'RE MAXED OUT AT 2% ADMINISTRATIVE COSTS. 
          ANY ONE OF THESE OTHER BUCKETS, LET'S SAY WE WIDELY, YOU KNOW, UNDERESTIMATED OUR PUBLIC UTILITIES AND THAT'S ACTUALLY 30 MILLION AND WE DON'T NEED ALL THAT ECONOMIC ENROLLMENT GRANT MONEY. 
          WE COULD MOVE 20 MILLION FROM ECONOMIC ENROLLMENT GRANTS INTO PUBLIC FACILITIES. 
          SO THIS WOULD BE LIKE AN ORDINANCE THAT WE WRITE. 
          AND THAT'S, WOULD THAT IN THIS PROJECT PLAN, CAN WE WRITE PIECES IN IT THAT WE WOULD, UH, EXPECT TO CHANGE SO THAT FUTURE COUNCILS DOWN THE ROAD WOULD KNOW WHAT OUR PLAN WAS BECAUSE THAT CONTINUITY IS LOST EVERY TIME WE CHANGE COUNSEL. 
          [01:20:01]
SURE. 
          SO THIS WOULD BE THE PLAN AND THEN THIS COUNCIL OR FUTURE COUNSELS COULD CHOOSE TO AMEND THE PLAN AS, AS THE YEARS ROLL DOWN. 
          SO WE, SO WE LOOK AT IT AND YOU KNOW, WE THEORETICALLY THE STATUTE, IT COULD STAY THE SAME OR WE COULD COME BACK AND SAY, YOU KNOW WHAT, WE ARE, YOU KNOW, WE NO LONGER UH, FEEL THAT WE NEED PARKING AND TRANSIT. 
          WE COULD, BUT WE COULD THIS COUNCIL RIGHT INTO THE INITIAL PLAN, THIS IS WHAT OUR PLAN WAS SURE. 
          FOR ALL 30 YEARS. 
          SO THAT IN YEAR 20 WE CAN SAY, OKAY, WELL OH YEAH, THAT MAKES SENSE. 
          UM, AND NOT FORGET IT. 
          SO, AND SPEND IT ON SOMETHING ELSE. 
          YEAH. 
          ONE OF THE THINGS THAT WE DID IN DALLAS THAT WAS REALLY GOOD, UM, IS WE PUT OUT BETWEEN, BY LAW YOU HAVE TO HAVE AN ANNUAL REPORT. 
          I'VE SEEN SOME ANNUAL REPORTS THAT ARE LITERALLY JUST FINANCIALS DALLAS. 
          WE DID REALLY GOOD ABOUT SAYING, OKAY, HERE, HERE'S THE PURPOSE. 
          HERE'S EVERYTHING THAT WE, WE ACCOMPLISH ANNUALLY. 
          UM, HERE ARE THE PROJECTS THAT CAME IN THAT WE DIDN'T FINANCE. 
          UM, AND JUST IT'S, AND AND EACH YEAR IT KIND OF BUILDS THAT RECORD SO THAT, WHETHER IT'S A TIP BOARD OR WHETHER IT'S THE COUNCIL, YOU CAN KIND OF GO BACK AND READ THAT HISTORY. 
          SO REALLY IT'S, IT'S KIND OF ABOUT JUST BEING GOOD WITH YOUR REPORTING, UM, TO KIND OF SEND THAT, THAT MESSAGE TO FUTURE COUNSELS. 
          I I JUST WANNA MAKE ONE, ONE POINT FOR SOME OF THE QUESTIONS I HEARD EARLIER. 
          SO WHEN YOU DO THE BUDGET PROCESS, THE COUNCIL'S GONNA APPROVE THE BUDGET EVERY YEAR FOR THE CHARTER. 
          WHEN YOU LOOK AT THE BUDGET BOOK, YOU'RE GONNA HAVE GENERAL FUND, UTILITY FUND, YOU'RE GONNA HAVE A TAP FOR THE CHARTER. 
          SO IT'S ALL GONNA BE TRANSPARENT IN THE BUDGET APPROVED BY THE CITY COUNCIL EVERY YEAR, JUST LIKE ANYTHING ELSE IN THE BUDGET. 
          SO IT'S NOT OFF SEPARATE FROM THE BUDGET PROCESS. 
          I GOT THAT. 
          AND I WOULD, I WOULD, I WOULD BE, I WOULD WANT COUNCIL TO BE THE BOARD THAT'S JUST KIND OF JUMPING AHEAD. 
          I WOULDN'T WANNA HAVE A SEPARATE BOARD. 
          'CAUSE THAT KEEPS IT TRANSPARENT. 
          IT KEEPS US IN BETTER, UH, ALIGNMENT WITH THE STRATEGY THAT WE HAVE. 
          UM, AND KEEPS IT YEAH. 
          GOING RIGHT. 
          GET DIRECTION. 
          EVERYBODY CAN SEE IT PUBLIC. 
          WAYNE, YOU USED AN EXAMPLE, I THINK TWO, THREE COUNCIL MEETINGS AGO ABOUT, UH, THE TOYOTA MUSIC FACTORY IN LASS. 
          CONA. 
          CORRECT ME IF I'M WRONG, IRV, YOU USED THAT AS A TUR, CORRECT? YES, CORRECT. 
          AS THE EXAMPLE OF THE BEACON OF WHAT CAME OUT. 
          I THINK I WAS USING THAT AS AN EXAMPLE OF A COUNTLESS PROJECT. 
          BUT THAT IS WITHIN, UH, THE LAW . 
          BUT THAT'S MY POINT. 
          TURS GOT APPROVED BY THEIR COUNCIL. 
          MM-HMM . 
          THAT'S WHAT STARTED IT. 
          AND THEN EVERYTHING EXPONENTIALLY GREW OUT OFF HOW SURE. 
          THOSE LIMB CORRECT. 
          YEAH. 
          AND THERE'S REALLY TWO SCHOOLS OF THOUGHT TO THE CREATION OF TURS. 
          UM, ONE IS YOU IDENTIFY AN AREA AND YOU JUST PUT A TURS ON IT IN HOPES THAT THAT WOULD SPUR INVESTMENT. 
          SOMETIMES IT WORKS, OFTENTIMES IT DOESN'T. 
          WHAT REALLY HELPS IS WHEN YOU HAVE A CATALYST PROJECT IN TOW. 
          BECAUSE ONCE YOU HAVE A CA CATALYST PROJECT NUMBER ONE, THAT GENERATES INCREMENT IMMEDIATELY. 
          BUT IT IS THE, YOU KNOW, UH, IT STARTS THOSE DOMINOES OF GETTING THE REST OF THE, OF THE, OF THE PROPERTIES. 
          THAT'S WHAT I'M GETTING AT TREE. 
          SO YOU'RE LEVERAGING THAT. 
          THAT'S THE TREE TRUNK INITIAL INVESTMENT. 
          THAT'S THE TREE TRUNK AND THE BRANCHES GROW OFF OF THAT AND THOSE, THOSE ARE THE MOST SUCCESSFUL. 
          AND THAT'S REALLY WHAT WE HAVE HERE. 
          SO THE BIGGER PIECE IS YES, THIS IS GONNA FUND THE TOD, BUT IT'S WHAT'S GONNA HELP, UH, THE INVESTMENT AROUND THE TOD WOULD BE THE PURPOSE OF THIS STONE. 
          LEMME MAKE SURE I JUST UNDERSTAND SOMETHING. 
          THE TOD IS 240 MILLION. 
          40 IS THE INVESTMENT FROM THE TOWN, CORRECT. 
          OF THE PARKING GARAGES AND THE INFRAS INFRASTRUCTURE. 
          SO WE'RE PROJECTING ANOTHER 148 MILLION OVER THE 30 YEARS AND THIS IS GONNA PAY FOR, AND WE DON'T KNOW WHAT THAT IS YET, BUT THIS IS GONNA PAY THE 40 AND THEN 140. 
          YEAH. 
          AND THIS IS AT 65% PARTICIPATION STRAIGHT ACROSS. 
          RIGHT. 
          SO, AND IF WE WENT LESS PARTICIPATION OR MORE, THAT'S THESE OTHER NUMBERS, 1 45 OR 2, 3, 1. 
          YEAH. 
          AND THESE ARE IN TODAY'S, TODAY'S DOLLARS AS WELL. 
          SO THAT'S ANOTHER THING TO KIND OF THINK ABOUT IS THAT, AND AS FAR AS THE GENERAL FUND, IT'S GONNA HAVE ITS BASE. 
          SO THE BASE IS STILL GONNA STAY THERE. 
          CORRECT. 
          AND THE GENERAL FUND'S STILL GONNA GET WHATEVER, 35% OF THE GROWTH IN THE ALOR TAXES. 
          CORRECT. 
          AND 65% IS GOING HERE. 
          SO 65% IS FOCUSED IN THIS AREA. 
          YES. 
          AND THE 35% IS GOING IN THE GENERAL FUND. 
          CAN THE GENERAL FUND STILL CONTRIBUTE TO THIS IF IT WANTS TO OR IS THAT ONLY FOR THE REST OF THE UH, UM, I WOULDN'T, IT WOULD PROBABLY, SO WHAT YOU COULD DO, AND HOPEFULLY YOU WOULDN'T NEED TO DO THAT. 
          THE GENERAL FUND COULD CONTRIBUTE TO THE PROJECT. 
          SAY A PROJECT CAME UP AND YOU WANTED, FOR SOME REASON, YOU WANTED A GENERAL FUND TO PAY FOR IT. 
          OBVIOUSLY IT'S IN THE TOWN YOU COULD DO THAT. 
          SO THAT'S PROBABLY THE WAY YOU WOULD DO IT INSTEAD OF MOVING FUNDS FROM THE GENERAL FUND OVER 
          [01:25:01]
THE TUR, IF THAT MAKES SENSE. 
          RIGHT. 
          OKAY. 
          THAT'S WHAT I'M ASKING. 
          I MEAN, THE TURS MONEY IS DEDICATED TO THIS AREA, BUT THE OTHER 35% CAN BE SPENT ANYWHERE IN THE TOWN IN THIS AREA. 
          AND I, ONE, ONE EXAMPLE MAYBE I WOULD SAY, SORRY TO INTERRUPT YOU, UM, IS LIKE THE PAVER CONVERSATION, RIGHT? WE GET DOWN THE ROAD AND WE SAY WE HAVE ALL THESE PAVERS THAT WE NEED TO REPLACE AND WE WANT TO PLAN FOR THOSE IN FIVE YEARS. 
          THE TUR YOU A BENEFIT OF HAVING THE TOUR DO IT AND THE INCREMENT THAT YOU'RE GETTING FROM THAT AREA IS PAYING FOR IT. 
          AND YOU, YOU KNOW, THAT LIKE, YOU CAN SHOW THAT'S BEING PAID FOR BY, BY INCREASING IN VALUE THAT WE HAVE IN THAT AREA. 
          SO IT HELPS TO SHOW THAT SOURCE OF REVENUE IF THAT HELPS. 
          OKAY. 
          I UNDERSTAND. 
          I'VE GOT ANOTHER QUESTION. 
          DO YOU HAVE ONE? SO ON YOUR PROJECTIONS, UM, ON THE SLIDE 15, SO THIS, THE GROWTH IS GONNA BE GET GROWTH. 
          SO DO THESE PROJECTIONS INCLUDE THAT GROWTH OR IS IT JUST LIKE A LINEAR 4% APPRECIATION? SO HERE YOU'RE SEEING NEW DEVELOPMENT AND THE GROWTH IN SPACE. 
          SO WE'RE ACTUALLY SEEING A LITTLE BIT MORE, ALMOST A ONE TO ONE. 
          THIS, THIS RIGHT HERE. 
          OKAY. 
          SO THIS WOULD BE WHAT WE WOULD SAY THAT'S NEW PROJECTS THAT, THAT ARE CURRENTLY NOT EXISTING. 
          AND THIS WOULD BE THE GROWTH OF THAT BASE. 
          OKAY. 
          SO YOU JUST TOOK SOME BEST PRACTICES AND, UH, EXPERTISE FROM THE EXPERT. 
          THAT FOUR, 4% IS THE, THIS THE GROWTH RATE. 
          OKAY. 
          AND THEN, UM, OKAY. 
          DO WE HAVE ANY, UH, ILAS ALREADY APPROVED, UH, WITH DART? HAS ANYBODY PULLED THAT OFF YET? SO RICHARDSON HAS GOTTEN DIRECTION FROM THEIR COUNSEL TO NEGOTIATE THAT. 
          ILA, TO MY KNOWLEDGE, THAT HAS NOT HAPPENED YET. 
          AND THAT IS PART OF A TERROR TERRACE. 
          'CAUSE IT HAS TO BE, IT'S PART OF THAT YES. 
          SET UP. 
          SO THEY'RE DOING A TERRORIST THAT'S AND THEY ALREADY HAVE TERRACE? YES, THEY HAVE. 
          SO THEY HAVE I THINK THREE EXISTING TERMS. THINK ONE OF THE HARDEST THINGS FOR US IS THIS IS OUR FIRST ONE, YOU KNOW, WE'LL DO ANOTHER ONE OVER ON INWOOD. 
          SO, BUT, SO IT'S REALLY HARD FOR ME TO KIND OF WRAP MY HEAD AROUND IT 'CAUSE IT'S THE FIRST ONE. 
          AND OTHER, OUR COMPETITOR OR OTHER CITIES, COMPARABLE CITIES HAVE DONE SOME OF THESE BASED ON THE FIRST RODEO. 
          OKAY. 
          WELL TO YOUR POINT THERE, IF THEY WERE SO GOOD, WE'D BEEN DONE DOING IT ALL ALONG WELL. 
          WE JUST GOT STEVE ON AND WAYNE ON BOARD. 
          WELL, I MEAN, ANYONE ELSE REQUEST FOR ASKING? OH, I, I WOULD SAY IF WE HAD DONE THIS 30 YEARS AGO, WE WOULD HAVE THE FUNDS RIGHT NOW ALREADY TO, TO PUT INTO THE TOD AND WE HAVE, WE HAVE CASH BALANCES READY TO GO AND INVEST BECAUSE RIGHT NOW WE'VE GOT PROPERTIES RIGHT NOW THAT COULD USE SOME INVESTMENT. 
          SO UNLESS WE'VE WASTED SOMEWHERE ELSE. 
          OKAY, SO YOU GO SOME? YES, SIR. 
          THANK YOU MAYOR. 
          UM, STILL ON SLIDE 13, I, I GET WHY WE'VE GOT THIS, THIS AM ADDISON PROPERTY KIND OF CUT OUT OF THE, THE INITIAL RED. 
          UM, CAN YOU TALK, TALK, TALK ME THROUGH THE COLON AID AND THE RENAISSANCE? I MEAN, ARE YOU, I KIND OF THINK THEY WOULD FALL IN THAT SAME CATEGORY, BUT YOU'VE GOT THEM INCLUDED. 
          WELL, SO I THINK IF WE LOOK AT THE COLON AID AND THE RENAISSANCE, THEY'RE, IF ANYTHING THEY'RE IN DANGER OF DISINVESTMENT. 
          UM, AND THEY WOULD BE IN THIS CATEGORY HERE ON REINVESTMENT, WHICH THOSE ARE TWO OF THE FEEDBACKS THAT WE'RE HEARING IN THE MARKET ESSENTIALLY IS THAT, UM, YOU KNOW, RENAISSANCE IN NEED OF A SOME REINVESTMENT AND AS WELL AS THE COLONATE WITHIN THEIR, UH, COMMON AREAS, BOTH OF THEM. 
          OKAY. 
          AND SO IF WE CREATED THIS, UM, HOW WOULD YOU KNOW WE'RE, I'M USED TO YOU ALL COMING ECONOMIC DEVELOPMENT TEAM COMING THROUGH AND SAYING, HEY, HERE'S AN OPPORTUNITY MM-HMM . 
          FOR CONSIDERATION. 
          SO IF WE APPROVE THIS AND, AND LET'S SAY THE RENAISSANCE WAS ASKING FOR SOME REDEVELOPMENT DOLLARS. 
          HOW WOULD THAT WORK FROM A COUNCIL PERSPECTIVE? WOULD YOU BRING THAT YEAH. 
          TO US? YEAH. 
          SO FIRST, WHAT WOULD HAPPEN WITH YOU, CORRECT ME A LITTLE BIT ILLEGALLY, IS IT YOU SELECTED THE COUNCIL TO BE THE BOARD FIRST? THE BOARD, WE'D SAY, HEY, WE'RE MOVING OUT OF COUNCIL SESSION AND NOW WE'RE GONNA OPEN THE TIP BOARD MEETING. 
          THEN THE TIP BOARD WOULD EVALUATE THE PROJECT AND THEY SAY, YES, WE WANT TO MOVE THIS ON TO COUNCIL. 
          YOU'D CLOSE THE TIP BOARD MEETING AND THEN THE CITY COUNCIL WOULD THEN VOTE ON THE PROJECT. 
          SO ESSENTIALLY YOU WOULD HAVE TWO CHANCES 
          [01:30:01]
OF TWO OPPORTUNITIES TO APPROVE THE PARTNERSHIP. 
          OR IF YOU WANTED TO APPOINT SEPARATE, UH, MEMBERS TO SERVICE THE BOARD, THEY COULD BE AN ADVISORY. 
          THEY COULD, THEY COULD APPROVE THE PROJECT FIRST AND THEN IT WOULD COME TO COUNCIL. 
          SO WITHOUT A DOUBT IT WOULD, IT WOULD END UP COMING THROUGH COUNCIL. 
          YEP, ABSOLUTELY. 
          IT, IT COULD COME THROUGH A A, A TIF BOARD THAT'S NOT COUNCIL MEMBER. 
          NO. 
          IT HA IT HAS TO GO THROUGH A TIF BOARD. 
          IT HAS TO GO THROUGH AND THEN, AND IT WOULD HAS TO GO THROUGH COUNCIL, CORRECT. 
          AFTER THAT, YES. 
          TIF AND REALLY, AND THEN, AND THEN THE QUESTION, YOU KNOW, OFTENTIMES I'M ASKED WHEN WE'RE DOING AN ECONOMIC DEVELOPMENT PROJECT, WHERE ARE THESE FUNDS COMING FROM? THE ANSWER WOULD JUST BE, INSTEAD OF THE ECONOMIC DEVELOPMENT FUND, IT'D BE COMING FROM FIRST NUMBER ONE FUND. 
          BECAUSE ESSENTIALLY THE DIFFERENCE OF HOW THAT WOULD WORK, IF I COULD MAKE ONE POINT ON THAT EXAMPLE, IT ALSO, IT'S ANOTHER WAY TO HAVE US BE COMPETITIVE WITH THE FOUR A FOUR B CITIES. 
          NOW A LOT OF THOSE CITIES HAVE TOURS ALSO. 
          MOST, MOST OF THEM HAVE MANY TOURS. 
          BUT THIS GIVES US SOME SEGREGATED FUNDS WHERE WE HAVE ANOTHER POT WHERE WE CAN HAVE THOSE CONVERSATIONS AND TRY TO COMPETE WITH SOME OF THOSE, UM, THAT DON'T. 
          SO IT'S JUST ANOTHER TOOL IN THE TOOLKIT. 
          WELL, PERSONALLY I THINK THE TIF BOARD SHOULD BE THE COUNCIL, BUT IF THE COUNCIL'S THE TIF BOARD, WHAT ARE THE ODDS THAT THE TIF BOARD WOULD APPROVE IT AND THEN THE COUNCIL WILL TURN IT DOWN? IS THAT GONNA EVER HAPPEN? BE TROUBLE FORMAT? I I HAVE SEEN COUNCILS CHANGE THEIR MIND BEFORE . 
          DOES THE TIF BOARD FIGHT BY BEING COUNCIL MEMBERS, TAKE AWAY THE SORT OF AN EXECUTIVE SESSION CONVERSATION THAT YOU'RE NOT ALMOST LIKE YOU'RE REMOVING A QUORUM AT THAT POINT, YOU'RE JUST A TIF BOARD? NO, I MEAN, FROM A LEGAL PERSPECTIVE THERE'S NO, THERE'S NO LEGAL DOWNSIDE OR IMPLICATIONS TO IT. 
          FOUR A FOUR B CORPORATIONS ARE THE SAME. 
          MANAGING ON CITY COUNCIL, OTHER TYPES OF LOCAL GOVERNMENT CORPORATIONS THAT CITIES USE TO, TO DO PROJECTS OR ECONOMIC, AGAIN, USUALLY CITY COUNCIL. 
          SO A BUSINESS CAN'T COME AFTER THE T BOARD PERSONALLY HOLDING THEM ACCOUNTABLE 'CAUSE THEY VOTE A YES ON SOMETHING. 
          AND THE, UH, COUNCIL YOU'RE MORE STATEWIDE OR TOWN PROTECTED? YEAH. 
          FROM THAT DECISION? THEORETICALLY, I MEAN, I MEAN TECHNICALLY THIS SEPARATE ENTITY, HOWEVER, ULTIMATE LIABILITY IS GONNA LIE ON THE TIP COUNCIL TO APPROVE PROJECTS AND, AND APPROVE THEM. 
          AND SO IN MY EXPERIENCE, IT'S NEVER BEEN WHERE THE TIF BOARD WAS SEGREGATED OUT FROM A LEGAL ISSUES PERSPECTIVE. 
          IT WAS ALWAYS THE CITY. 
          AND WOULD HAVE YOU EVER SEEN TIF BOARD TO WHERE YOU HAVE TIF BOARD, YOU SET UP TO 15 AND WE'RE ONLY SEVEN. 
          SO DO YOU SEE THOSE MIXING OR GELLING? WELL, WHERE YOU BRING IN BRING, I'M SORRY, WHAT? WHERE YOU BRING IN OUTSIDERS OUTSIDE OF THE COUNCIL. 
          YEAH. 
          SO IN, LIKE IN DALLAS FOR INSTANCE, UH, YOU KNOW, THERE WAS LIKE CERTAIN REQUIREMENTS THAT SOME CERTAIN PERCENTAGE HAD TO BE RESIDENTS OF DALLAS AND THEN CERTAIN PERCENTAGE, UH, IF YOU HAD A BUSINESS IN DALLAS, YOU COULD, YOU COULD BE ELIGIBLE. 
          UM, AND THEY WERE VERY, WERE IN AN ADVISORY CAPACITY. 
          SO, UM, I'VE SEEN WHERE THE TIP BOARD, YOU KNOW, EITHER APPROVED THE PROJECT AND OBVIOUSLY COUNCIL DENIED IT. 
          I'VE SEEN IT THE OTHER WAY. 
          OR A TIP BOARD DENIED A PROJECT AND WELL, I THINK THAT WOULD, THAT WOULD LEND ITSELF FOR MORE TRANSPARENCY. 
          YEAH. 
          WAYNE, CAN WE GO AND MOVE ON TO THE NEXT STEPS? WE HAVE A COUPLE MORE ITEMS WE STILL GOTTA FINISH UP HERE TONIGHT. 
          SURE. 
          I'VE GOT A LOT OF QUESTIONS, MAYOR. 
          SO LET'S NOT, LET'S NOT GET TOO FAR DOWN THE ROAD. 
          SO NEXT STEPS WOULD BE, UH, STEP ONE, A PUBLIC HEARING AND THAT CREATION ORDINANCE. 
          SO FOR US TO HAVE THAT CREATION ORDINANCE READY FOR YOU, WE NEED TO KNOW WHAT THOSE BOUNDARIES SHOULD BE. 
          WE NEED TO KNOW WHAT THAT TERM SHOULD BE, UH, THE, AND THEN WE WILL NEED TO BELIEVE, WE'LL, WE WILL POINT THE TERMS FOR AT THAT TIME, AND THEN WE NEED TO KNOW THAT CITY PARTICIPATION RATE. 
          AND THEN WE WOULD HAVE PREPARED THAT PRELIMINARY PROJECT AND FINANCING PLAN. 
          AND THEN THE STEP TWO, UM, WE WOULD COME BACK AFTER THE PUBLIC HEARING AND, AND BRING TO YOU THE FINAL PROJECT AND FINANCING PLAN. 
          UM, IT WOULD BE APPROVED BY THE TOURS BOARD AND THEN APPROVED BY CITY COUNCIL. 
          SO OTHER CONSIDERATION, UH, DAVID ALREADY TALKED ABOUT THE DART. 
          WE NEED TO HAVE, UH, TO GET, UH, THAT AUTOMATIC APPROVAL ON THE ILA. 
          WE NEED TO DO THAT BY JANUARY. 
          ONE OTHER CONSIDERATION AS WELL IS THAT BASE VALUES WOULD BE SET AT JANUARY ONE AS WELL. 
          UM, SO ANY PROJECTS LIKE, UM, THE THE NEW APARTMENT BUILDING THAT WOULD BE IS COMING UP OFF ADDISON ROAD. 
          UH, IN ORDER TO GET THAT NEW INCREMENT INCLUDED, WE WOULD NEED TO DO THAT BY JANUARY ONE. 
          OTHERWISE THAT WOULD, UH, NOT BE ELIGIBLE FOR CONCLUSION. 
          SO AT THIS TIME, WE WOULD ASK DIRECTION ON FINALIZING THAT PRELIMINARY FINANCING, UH, FINANCING PROJECT PLAN. 
          I THINK REALLY WHAT WE NEED TO KNOW IS DIRECTION ON THOSE BOUNDARIES. 
          AND THEN, UH, YOUR THOUGHTS ON THAT PARTICIPATION RATE, 
          [01:35:01]
WHICH, YOU KNOW, WE COULD BE PRETTY CREATIVE, AS I MENTIONED, ON THE PARTICIPATION RATE AS FAR AS WHETHER WE WANNA DO A SET RATE OR WE WANNA STAIR STEP IN AT, AT DIFFERENT LEVELS. 
          OKAY. 
          AND THEN CAN I HAVE QUESTIONS? YEAH. 
          SO WHEN WE FIRST LEARNED ABOUT, WHAT DID WE CALL IT? TOUR ONE OH ONE MM-HMM . 
          UM, TWO YEARS AGO, WHATEVER THAT WAS A YEAR AND A HALF AGO. 
          UM, I WAS THINKING THE CONSULTANT WAS, WAS SUGGESTING A SHARED STEP APPROACH. 
          Y YEAH. 
          SO IS THAT, IS THAT IT IS, SO I GUESS LIKE THINKING ABOUT IT AND REALLY SINCE THE GENERAL FUND IS PRE-FUNDING THE TURS, YOU COULD DO, I'M, YOU COULD DO A HUNDRED PERCENT RIGHT? BECAUSE ULTIMATELY THE GENERAL FUND IS THE ONE BEING PAID UNTIL THE TOD IS PAID OFF. 
          AND THEN YOU COULD RATCHET THAT COMPLETELY DOWN TO 50% OR YOU COULD GO 10 YEARS, YOU COULD DO, UH, 80% AND THEN 20 YEARS 65. 
          AND THEN, UM, THEN THE FINAL 10 YEARS YOU DO 50%. 
          SO THE SECOND BULLET POINT THERE ON SLIDE 15 SHOWS THE, THAT'S A SCARE STEP, RIGHT? OR ALTHOUGH WE CAN DO SOMETHING, ARE YOU PROPOSING 80% FOR 10 YEARS? BECAUSE THAT'S WHAT IT'S GONNA TAKE TO GET US PAID BACK. 
          SO I BELIEVE WE RAN THE ANALYSIS ON THIS AND WHAT WE'RE PROJECTING IS AT 50% IT WOULD BE 16 YEARS TO PAY BACK THE GENERAL FUND AT A HUNDRED PERCENT IT WOULD BE 10 YEARS. 
          SO ANYWHERE BETWEEN 10 AND 16 YEARS IS, IS SOMEWHERE WITHIN IN THAT RANGE, DEPENDING ON THE PERCENTAGE. 
          YES. 
          OKAY. 
          THAT'S JUST THAT INITIAL 40 MILLION. 
          CORRECT. 
          OTHER QUESTIONS? COUPLE OF THINGS. 
          KIND OF BEEN A DEEP DIVE ON THIS TUR TURS IN, IN TRYING TO LEARN THE THING. 
          AND WHAT I HAVE LEARNED IS IT MAKES ABSOLUTELY NO SENSE TO DO A TURS UNLESS YOU HAVE OTHER PARTICIPATING PARTNERS, OTHER TAXING EN ENTITIES THAT ARE PARTICIPATING. 
          AND IF, WHEN WE START FIRST STARTED TALKING ABOUT THIS TURS, IT WAS A WAY TO GET MONEY BACK FROM DART, HAVE DART HELP US FUND THIS. 
          AND NOW THAT I'M HEARING THAT DART IS NOT PARTICIPATING WITHOUT THIS OTHER AGREEMENT AND NONE OF US WILL BE INTERESTED IN GETTING COUNTY INVOLVED BECAUSE WE'RE NOT WANTING, UH, UH, AFFORDABLE HOUSING IN THAT AREA. 
          UH, IT, IT, THAT JUST DOESN'T MAKE ANY SENSE. 
          UH, THE OTHER THING, WHEN WE FIRST STARTED TALKING ABOUT THIS, YOUR NUMBERS ARE BLOWING MY MIND HERE. 
          WHEN WE FIRST STARTED TALKING ABOUT THIS, WE TALKED ABOUT DARK AND A WAY OF GETTING MONEY BACK TO DO IT, BUT WE WERE ALSO TALKING ABOUT THE TOD AND A WAY TO PAY FOR THE INFRASTRUCTURE FOR, FOR THE NEW DEVELOPMENT THERE OF THIS $40 MILLION. 
          AND YOU SOLD ME ON THAT DEVELOPMENT THAT WE COULD PAY FOR OUR 40% INVESTMENT IN THAT THROUGH THIS AND THEN BE OVER WITH THIS 148,000,030 YEARS FOR A FIRST RUN AT THE JURORS. 
          I THINK THAT IS WAY TOO AGGRESSIVE TO DO THIS. 
          LET'S PAY FOR THIS TOD AND THEN DO ANOTHER ONE. 
          IF WE EXPAND IT, IF WE WANNA DO IT, BUT WE DON'T HAVE, IF WE DON'T HAVE ANOTHER TAXING ENTITY INVOLVED IN THIS, IT IS A BAD DEAL FOR THE TOWN. 
          SO JUST 'CAUSE IT DOES TAKE AWAY FROM THE OTHER PARTS OF TOWN IN THE LONG RUN. 
          SO JUST AS A CORRECTION, UM, WE FIRST TALKED ABOUT THIS IN JULY OF 23 OF 2024. 
          UM, WE HAD THAT PRESENTATION AND WE, WE SPOKE ABOUT THE BOUNDARIES AND ABOUT MIGHT BE MORE THAN THE TOD AND THIS WAS THE DIRECTION THAT COUNCIL GAVE US WAS TO PREPARE THIS. 
          AND AFTER THE TOD, THIS IS WHERE WE'RE BRINGING IN. 
          WELL THE FIRST I HEARD ABOUT IT WAS THE MEETING THAT WE HAD UPSTAIRS WHEN WE WERE TALKING ABOUT PAYING FOR THE TOD AND THE TURS WAS A WAY OF DOING IT THROUGH DART FUNDING. 
          THE OTHER THING WITH, WITH THE CURRENT STATE OF DART UNCERTAINTY AT THIS POINT, I THINK WE'D BE PRUDENT TO WAIT AND SEE HOW ALL THAT SHAKES OUT, UH, WITHOUT ANOTHER TAXING ENTITY INVOLVED IS IT DOES NOT MAKE SENSE. 
          AND I, I'VE GOT A LOT MORE QUESTIONS, BUT I'LL LEAVE IT AT THOSE TWO COMMENTS THAT, UH, YOU KNOW, WE NEVER TALKED ABOUT $148 MILLION OR 50 SOMETHING MILLION IN ECONOMIC DEVELOPMENT FUND. 
          IN OUR MEETING UPSTAIRS, WE TALKED ABOUT 
          [01:40:01]
A WAGE PAY FOR THIS TOD IN A, IN A, IN A SHORT AMOUNT OF TIME AND NOT HAVE TO PUT THE BURDEN ON OUR TAXPAYERS IN TOWN TO DO THIS. 
          SO I, I'M NOT IN FAVOR OF THIS AT ALL AS IT IS BEING PRESENTED HERE ARE THE COMMENTS, QUESTIONS. 
          SO IF WE DO, UH, WRITE IT AS THE STAIR STEP, WE CAN CHANGE THAT ANYTIME AS COUNSEL. 
          YEAH, YOU CAN CHANGE THAT. 
          WE'RE NOT, WE'RE NOT FIXED ON IT. 
          AND I, I I DO UNDERSTAND THAT IT WAS LARGER THAN JUST, UH, THE, UH, TOD PROJECT FUNDING IS, UH, I'VE BEEN AROUND THROUGH IT, THROUGH THIS AND WHEN I WENT BACK AND REFRESHED, YES IT IS, IT'S FOCUSED IN THERE. 
          I DON'T HAVE THE APPETITE TO TAKE FROM THE, THE GENERAL TAX BASE TO DO $56 MILLION OF, OF ECONOMIC, UH, INCENTIVE. 
          HOWEVER, I DO WANT TO HAVE ENOUGH MONEY TO COMPETE BECAUSE WE'LL GET BEAT IF WE DON'T. 
          AND ADDISON CIRCLE IS 30 YEARS OLD. 
          UH, IF WE LET IT JUST GO DOWNHILL, IT'S JUST GONNA CONTINUE TO GO DOWNHILL. 
          WE HAVE TO INCENT, UM, AND HELP BE A CATALYST THERE. 
          UM, AND THAT THE ED IS THE BIG PART FOR ME. 
          SO I, I'M IN FAVOR OF IT. 
          MAYBE NOT THE BIG NUMBERS THAT WE TALK ABOUT, BUT WE, WE CAN, WE CAN ADJUST THAT AS WE NEED AND NOT HAVE IT BE A BIG LEAKY BUCKET. 
          SO ANOTHER THING THAT MIGHT HELP YOU GUYS AS YOU THINK ABOUT THIS IS GOING BACK TO WHEN WE PRESENT ECONOMIC DEVELOPMENT PROJECTS, WE ALWAYS HAVE A LEVERAGE RATIO. 
          SO OUR TARGET IS ALWAYS A 10% LEVERAGE RATIO. 
          SO IF WE HAVE A HUNDRED MILLION IN THE TIFF, THEN ASSUMING WE, WE STICK TO THAT 10% LEVERAGE RATIO OVER 30 YEARS, THAT WOULD RESULT IN ABOUT A BILLION DOLLARS IN PRIVATE INVESTMENT. 
          SO USING THAT 10% LEVERAGE RATIO, YOU CAN KIND OF THINK ABOUT AS WE SCARE STEP, DON'T THINK ABOUT IT IN PERCENTAGES. 
          YOU COULD THINK ABOUT, HEY, THIS IS A COMFORTABLE AMOUNT THAT WE THINK WE COULD LOOK AT INVESTING IN IT AND WE CAN JUST BACK INTO THE PERCENTAGE WHEN WE DO OUR FINAL PROJECTIONS BASED ON THE FINAL SELL. 
          THAT'S A GOOD WAY TO LOOK AT IT. 
          BUT THE TOTAL BILLION WOULDN'T BE, IT WAS, WE WERE JUST TALKING ABOUT, UM, THE 56 MILLION. 
          SO A 10 X ON THAT IS STILL A LOT OF MONEY. 
          OKAY. 
          SO QUICK QUESTION. 
          SO BACK TO RANDY'S POINT ABOUT AFFORDABLE HOUSING IN THIS, IN THE, LET'S JUST USE THE RED ZONE. 
          SO POTENTIALLY A DEVELOPER COULD KNOCK ON OUR DOOR OH, AND THERE'S A SERVICE AND SAY, I'M HERE TO PITCH YOU ON AFFORDABLE HOUSING. 
          THEY COULD APPLY FOR GRANTS. 
          NO, I THINK WITHIN THAT, WHAT RANDY'S SAYING IS TO GET THE COUNTY ON BOARD TO LEVERAGE THE COUNTY'S DOLLARS, WE WOULD NEED TO SAY, HEY, THOSE DOLLARS ARE PRETTY MUCH EARMARK YEAH. 
          ARE EARMARKED FOR AFFORDABLE HOUSING. 
          AND USUALLY TRYING TO THINK THERE'S A, YOU KNOW, THERE'S CERTAIN, OR IT'S BASICALLY ANY MULTIFAMILY RESIDENTIAL THAT WOULD COME IN WOULD BE ELIGIBLE FOR THOSE FUNDS. 
          OKAY. 
          IT'S ANY, THE COUNTY'S THE COUNTY'S POLICY. 
          OKAY. 
          IT'S ANY MULTIFAMILY YOU THINK FROM THE, FROM THE COUNTY? YEAH. 
          SO LIKE IF, IF A MULTIFAMILY WERE, IT WOULD HAVE TO MEET CRITERIA OF AFFORDABLE HOUSING, WHICH IS WHY WE'RE OH. 
          WHICH IS WHY WE'RE ASSUMING THE COUNTY WILL NOT BE INVOLVED IN THIS CASE. 
          ALRIGHT, I GET IT. 
          CAN WE GET A FEEL FOR WHERE THE COUNCIL IS ON, ON A DIRECTION WITH THIS? IS THERE A COST TO THIS? SO COST IN, IN WHAT SENSE? ADMINISTRATIVE, SETTING UP A TERMS. I MEAN YOUR ADMINISTRATIVE LINE IS A LITTLE MISLEADING. 
          I UNDERSTAND WHAT YOU'RE SAYING THAT SOME, SOME OF THE, LIKE THAT 3 MILLION OR SO CAN BE USED TO PAY CONSULTANTS, YOUR STAFF, BUT THAT'S NOT THE ACTUAL COST OF RUNNING THE TOUR. 
          IT IS, I MEAN THIS, THEY REALLY, THE, THE APPRAISAL DISTRICT SEGREGATES SOME MONEY AND SENDS IT TO US. 
          IT'S JUST ANOTHER, THERE'S NO ADDITIONAL COST. 
          IT GOES INTO OUR FINANCE DEPARTMENT. 
          THEY PUT IT INTO THE, OKAY. 
          YEAH. 
          SO, SO FOR EXAMPLE, WHEN I WAS IN DALLAS, WHEN HE COMES IN THE TIP DEPARTMENT, I HAVE THREE TIPS ESSENTIALLY. 
          I KEEP TRACK, YOU KNOW, TODAY I DID THREE HOURS ON DAVIS GARDEN. 
          I DID TWO HOURS ON  MOCKINGBIRD. 
          AND THEN WHEN I, EVERY TWO WEEKS I WORKED A TOTAL OF, YOU KNOW, 40 HOURS IN TS AND I WORKED 40 HOURS IN. 
          AND THAT COMES OUTTA ADMINISTRATIVE BUCKET. 
          AND THEN THE, AND THEN SO ESSENTIALLY I'D BE PAID FROM 50% OF MY SALARY IS PAID FROM THE T, LIKE 50% IS PAID FROM THE GENERAL FUND. 
          IT'S NOT REALLY MUCH MORE, IT'S NOT LIKE FOR OVERHEAD THAN JUST REGULAR DEVELOPMENT. 
          YEAH. 
          WELL, YES. 
          SO THE MEAT OF THAT ADMINISTRATIVE COST IS IS ECONOMIC DEVELOPMENT STAFF. 
          YEAH. 
          OR, OR LIKE REALLY SMALL ROYAL RURAL TOWNS WHO, WHO'S JUST A CITY MANAGER. 
          THEY COULD PAY SOMEONE TO MANAGE 
          [01:45:01]
IT FOR THEM AND, AND THOSE WOULD BE THE ELIGIBLE COSTS BUT NOT NECESSARY ZERO. 
          IS THAT 2% A PROJECTION OR THAT'S A MATCH? IT'S, IT IS LITERALLY THAT'S THE 2% IS WHAT IS ALLOWABLE BY THE STATUTE. 
          BUT IF, IF WE USE 0% AT 2% GO INTO ANY OF THOSE. 
          SO WE, WE COULD LET IT SELF FUND SOME OF THE RESOURCES ALREADY USED ON IT LIKE THE AIRPORT'S DOING. 
          OR WE COULD CHOOSE TO JUST HAVE THAT, JUST BE IN A REGULAR OPERATION. 
          MM-HMM . 
          OKAY. 
          LEMME GO BACK TO NUMBER 14 JUST FOR A SECOND. 
          I WANNA MAKE SURE I UNDERSTAND THIS. 
          THAT 4,000,290, IS THAT DART FOR 30 YEARS? 30 YEARS, YES. 
          SO WE DIVIDE IT BY THREE AND THEN TAKE UH, SIX 60%, I GET 858,000. 
          SO THAT'S ALL WE'RE GOING TO GET FROM DAR. 
          SO, SO WHILE YOU SAY IT'S ONLY GOOD IF WE'RE HAVING ANOTHER TAXING, UH, ENTITY PARTICIPATE, THE ONLY PARTICIPATION OVER 10 YEARS, IF ALL THESE NUMBERS ARE RIGHT, IS NOT EVEN A MILLION DOLLARS. 
          WELL IT DOESN'T MAKE SENSE TO ME. 
          SO, 'CAUSE I THOUGHT IT WAS GONNA BE TWO AND A HALF OF 'EM AND I THOUGHT THAT WAS LOW. 
          I'M NOT SAYING I DON'T LIE IT IDEA, BUT I JUST DON'T THINK WE'RE GETTING A WHOLE LOT OF HELP IF, IF IT'S A SMALL SAY THAT 10 YEAR. 
          RIGHT. 
          RIGHT. 
          THAT RIGHT. 
          AND WE PROBABLY WOULDN'T WANNA START WITH DART IMMEDIATELY. 
          WE WAIT UNTIL THE INFRASTRUCTURE IS BUILT SO THAT, 'CAUSE WE ONLY GET 10. 
          SO WE WANT TO GET, SO WE HAVE A FIVE YEARS, SO WHAT WE COULD DO HYPOTHETICALLY, LET'S SAY JANUARY ONE, THIS IS APPROVED FIVE YEARS, UM, FINDS UP PRETTY CLOSE TO WHEN WE EXPECT OUR TOD. 
          THEN WE'D SAY, OKAY, IN 2030 IS WHEN WE WANT THAT 10 YEAR CLOCK TO START PROJECTS BUILT OUT, STABILIZED. 
          'CAUSE WE'RE GONNA SEE THE GROWTH. 
          IF WE DID IT NOW, WE WOULDN'T THROUGH THREE YEARS. 
          YEAH, WE WASTED THE TIME. 
          YEAH. 
          BUT EVEN STILL, THIS IS BASED ON 30 YEARS. 
          SO WE WE'RE STILL ONLY LOOKING AT 850. 
          NOW IF, IF THEY AGREE TO THE, THE CONTRACT AND WITH THEIR UNCERTAINTY WITH FUNDING AT THIS POINT AND WHAT THEY'RE GONNA HAVE, IT WOULDN'T SURPRISE ME IF THEY SEND A I I'VE GOT A COUPLE THOUGHTS AS FAR AS MY, MY DIRECTION. 
          THANK YOU. 
          UM, I, I DO AGREE WITH YOU. 
          I THINK THAT OUR PARTICIPATION IS SO BIG. 
          UM, SO IN MY MIND THAT'S LIKE THE OVERARCHING THING. 
          WE NEED TO LOCK DOWN THEIR, THEIR PARTICIPATION, UM, AND MANY DIFFERENT LEVELS. 
          UM, BUT, BUT UH, ASSUMING WE CAN LOCK THAT DOWN, I DO LIKE THE RED, RED CABINET RED BOUNDARY, UM, FOR THE TOUR AND UM, UM, 30 YEARS FOR THE TERM. 
          AND I, I KEEP THINKING ABOUT THE CONSULTANT CONSULTING SAID WAS FIRST 10 YEARS, 85% THE NEXT 10 YEARS 65% AND THE THIRD 50%. 
          UM, AND THEN THE LAST THING IS IS, UH, WE, WE JUST HAVE TO, IF, IF DART IS GONNA PARTICIPATE IN THIS DEAL, WE, WE'VE GOT TO LOCK DOWN ALL OF THEIR PARTICIPATION LEVEL, YOU KNOW, WHATEVER THAT IS. 
          60. 
          SO MATCH UP BASICALLY 10 YEARS, I'D BE KIND OF GOING BACK AND THEN GOING, RIGHT. 
          WELL WE'LL BE STUCK ON 10 YEARS. 
          I WILL TELL YOU THE, THE NEGOTIATIONS WITH DART IS THEY HAVE A PRETTY LIKE STANDARD. 
          WHAT WHAT WE DO FOR ONE COMMUNITY IS WHAT WE'RE GONNA DO FOR EVERYBODY ELSE. 
          OKAY. 
          ALRIGHT. 
          SO FAIR ENOUGH. 
          SAY STRETCH THAT LAST PART. 
          STRETCH THAT LAST PART. 
          UM, I, YEAH, SO THAT, THAT WAS THE THOUGHT I HAD IS IS LOCKED DOWN THEIR, THEIR, THEIR PARTICIPATION A COUPLE DIFFERENT LEVELS, RIGHT? AND THEN, AND THEN THE RED BOUNDARY 30 YEARS AND THEN WHAT THE CONSULTANT RECOMMENDED ON THE, UH, PARTICIPATION LEVELS. 
          WHAT IF WE DON'T EVEN HAVE DART IN 30 YEARS OR FIVE YEARS IF EVERYBODY VOTES TO GET OUT AND WE DON'T HAVE DAR WE DON'T HAVE THAT PARTICIPATION. 
          WELL I THINK, I THINK FOR ME, THE REASON WHY I WOULD SUPPORT THE TURS, BECAUSE I, I DO THINK A LOT OF THIS CAN JUST BE DONE THROUGH THE GENERAL FUND, BUT YOU FUND THE TURS THE NEXT TIME WAYNE GETS THAT QUESTION FROM A RE WHO WANTS TO BUY THAT BUILDING AND THEY GO, HEY, I HEAR YOU GOT A A TOURS, CAN YOU HELP FUND IT? I MEAN THAT'S EXACTLY WHAT WE WANT. 
          UM, I THINK THE TOURS JUST HIGHLIGHTS AN AREA THAT WE REALLY NEED REDEVELOPED AND IT MAKES SOME FUNDS AVAILABLE TO MAKE THAT HAPPEN SPECIFICALLY FOR THAT DEVELOPMENT. 
          RIGHT. 
          AND AGAIN, LIKE I I, I DO FEEL LIKE A LOT OF THIS CAN GET, IT CAN BE DONE THROUGH THE GENERAL FUND, BUT UM, 
          [01:50:01]
I DO LIKE THE IDEA OF HIGHLIGHTING AN AREA AND FUNDING THAT AREA WITH DOLLARS THAT ARE, ARE THERE FOR REDEVELOPMENT. 
          AND I THOUGHT THAT'S WHAT WE WERE DOING FOLKS THAT ON THE INFRASTRUCTURE FOR THE TOD PROJECT. 
          WELL, TO ME THAT THIS IS MORE THAN JUST THAT TODI MEAN, WELL IT IS NOW, BUT THAT'S WHAT MY UNDERSTANDING WAS. 
          WE'RE GONNA DO THIS TO FOCUS ON THAT TOD AND GET IT UP AND RUNNING, SEE HOW IT WORKS AND THEN WE GO, GO FROM THERE. 
          SO I, I I THINK IT WAS PROBABLY JUST A RESULT OF YOU NOT BEING AT THE INITIAL CONVERSATION LAST YEAR BECAUSE WE TALKED ABOUT THE LENGTH OF IT, BUT CERTAINLY WE WERE TALKING ABOUT THE TOD, WE WERE FOCUSED ON THAT. 
          SO THAT'S PROBABLY SOMETHING THAT'S, THAT'S THE MEETING THAT I WAS IN, RIGHT. 
          WE WERE FOCUSED ON THIS TOD AND HOW WE'RE GONNA PAY FOR THIS INFRASTRUCTURE AND THAT'S WHEN THE IDEA CAME UP. 
          THE FIRST I HEARD OF THIS TURS WAS IN THAT AND I'M THINKING, WELL THAT'S A WAY TO, TO PAY FOR THIS AND TAKE THE BURDEN OFF OF OUR RESIDENTS AND OUR TAXPAYERS. 
          UM, I NO, I I'M GLAD THAT YOU INCLUDED THE LINK IN THE BACKGROUND TO THAT MEETING OF IN JULY OF 24. 
          'CAUSE THAT WAS GOOD FOR ME TO REFRESH AND HOW THIS IS MORE COMPREHENSIVE THAN THE TOD UH, I'LL GET FAIR RIVER, I'D GO UH, RIGHT INTO ORANGE BECAUSE IT SEEMS LIKE THAT AND IF, IF IT SUGGESTED WE SAY ORANGE OUTSIDE RED, RED PLUS ORANGE ZONE. 
          OKAY. 
          YEAH. 
          AND IF, UM, YOU KNOW, THE, THE, UH, PLACES ACROSS THE STREET CAN USE SOME REINVESTMENT, IF THAT MAKES SENSE. 
          THEN ALSO IF THERE'S NO DRAWBACK TO IT, UM, I LIKE IT MORE FOCUSED THOUGH. 
          UM, AND THEN COUNCIL BEING THE BOARD, SURE. 
          30 YEARS WE MAY CUT IT BACK AND PARTICIPATION AT 75 TO 80%, I'D LIKE TO SEE SOME OF IT COME BACK TO THE REST OF THE TOWN, UH, EVEN IN THE, IN THE BEGINNING YEARS. 
          BUT I DO WANT TO GET THAT INITIAL HARD DEBT PAID OFF SOONER THAN LATER. 
          I, I, I LIKE THE RED ZONE, I THINK, I THINK THE ORANGE AND YELLOW TAKES US TO SOME AREAS THAT ARE REALLY PERFORMING WELL AND THOSE OWNERS SHOULD BE ABLE TO FUND THEIR IMPROVEMENTS ON THEIR OWN. 
          UM, AND THEN WE'RE NOT TAKING AS MUCH AWAY FROM THE GENERAL FUND. 
          I LIKE THE 30 YEARS AND I, AND I DO LIKE, UM, YOU KNOW, STARTING AT 85 AND THEN WORKING OUR WAY DOWN 85 OR 80. 
          80. 
          I'M SORRY, MARLON, DID YOU SAY YOU WERE GENERALLY SUPPORTIVE OR, UH, I WAS VERY SPECIFIC. 
          UM, OF, AS PART OF THAT, SORRY. 
          YEAH, NO WORRIES. 
          I THOUGHT, UM, RED BOUNDARIES MM-HMM . 
          30 YEARS, UH, WHAT THE CONSULTANT SAID ON THE, ON THE PARTICIPATION THAT 85, 65, 50%. 
          UM, BUT, BUT YOU KNOW, THE OVERARCHING THING IS WE GOTTA GET OUR PARTICIPATION LOCKED IN. 
          OKAY. 
          DAN AGREE WITH MARLON'S POINTS. 
          OKAY. 
          HOWARD, I HAVE A QUESTION AND THEN MAYBE IT'S ALREADY BEEN ANSWERED. 
          THE MONEY GOING INTO THE TURS IS ONLY FROM THE INCREASE IN PROPERTY AT AVALOR, TAXES FROM THE TOWN AND SALES TAX FROM DARK IN THAT AREA, CORRECT? CORRECT. 
          IT'S NOT COMING FROM THE WHOLE TOWN, IT'S ONLY COMING FROM THAT AREA TO BE PUT BACK INTO THAT AREA. 
          CORRECT. 
          SO I DON'T FEEL LIKE WE'RE TAKING THAT MUCH AWAY FROM THE GENERAL FUND IF IT IS THEIR OWN. 
          IT'S LIKE OUR PROBLEM WITH DART WHERE WE WERE, WE'RE COLLECTING 17 MILLION, ONLY GETTING NINE AND A HALF FOR THE VALUE HERE. 
          THIS IS THEIR, THAT THIS ZONE IS GENERATING THE MONEY. 
          SO I'M GONNA SAY AGREE WITH MARLON'S COMMENTS TOO. 
          I I THINK IT'S OKAY. 
          YEAH. 
          AND I I EVEN THOUGH WE'RE NOT GETTING MUCH FROM YOU GAR YEAH. 
          AND, AND I'M ALIGNED WITH YOU ON THAT UH, MARLON AS WELL. 
          SO I THINK YOU HAVE THE DIRECTION YOU NEED FROM US, WAYNE. 
          YEAH, JUST ONE CLARIFICATION, JUST 'CAUSE UM, ON THE ZONE, UM, FOLKS THAT ARE IN FAVOR OF THE RED, LIKE I SAID, I DON'T THINK IT MATTERS MUCH EITHER WAY. 
          I HEARD THE MAJORITY. 
          I HEARD THE MAJORITY. 
          OKAY. 
          I'D LIKE TO CLARIFY THAT THE 80% IS WHAT'S ON THE SLIDE FIVE. 
          YEAH, LEMME CLEAR. 
          I WAS GOING WHAT CONSULTANTS? THE CONSULT SAY 80%. 
          SO 80, 65, 50% THERE GO CORRECT. 
          WE GOOD. 
          AND CLARIFY ON SLIDE 12, THE DARK THINGS ARE ALREADY SEALED. 
          I MEAN WE FOLLOW THOSE RULES WHERE WE, THEY THEY, WHAT THEY APPROVED AT THEIR COUNT, AT THEIR BOARD WAS THEY BASICALLY APPROVED IT AND SAID ONCE WE APPROVED IT, IT'S DONE. 
          IT DOESN'T HAVE TO GO BACK TO THEIR BOARD. 
          OKAY. 
          SO EVERYTHING SUBJECT, ASSUMING IT'S DONE BY THE END OF THIS YEAR, THAT BY THE END OF THIS YEAR THERE WAS NO OTHER LEGAL ISSUES OR ANYTHING ELSE. 
          BUT THAT'S, I THINK WE HAVE A TIMING ISSUE THAT WE KIND OF WE'LL NEED TO BE SHORT OF. 
          CORRECT. 
          DID YOU ASK RANDY? YES. 
          MM, I THINK WE GOT RANDY. 
          THINK WE'RE REALLY CLEAR ON WHERE RANDY IS. 
          THANK YOU VERY MUCH. 
          OKAY, GOOD. 
          SO DWIGHT, WAYNE, YOU HAVE WHAT YOU NEED? 
          [01:55:01]
YES, WE DO. 
          OKAY. 
          VERY GOOD. 
          THANK YOU. 
          THANK YOU WAYNE. 
          APPRECIATE THE, ALRIGHT. 
          AND UH, CONSIDERING THE UH, THE LATE HOUR, WE HAVE TWO ITEMS THAT WE'RE GOING TO PUSH TO A LATER MEETING. 
          NEITHER ONE OF 'EM IS TIME SENSITIVE. 
          WE'LL PUSH ONE OF THOSE TO A SUBSEQUENT MEETING. 
          SO 
          [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.]
OUR FINAL ITEM TONIGHT WILL BE ITEM SIX, ITEMS OF COMMUNITY INTEREST, THE OPPORTUNITY FOR COUNCIL MEMBERS TO EXPRESS ITEMS OF, UH, COMMUNITY INTEREST. 
          THANKS, CONGRATULATIONS, CONDOLENCE, ET CETERA. 
          ANYBODY HAVE ANYTHING THEY WOULD LIKE TO SHARE? SAID CONDOLENCES TO YOUR NEIGHBORHOOD FOR THE TRAGIC EVENT THAT THAT OCCURRED IN YOUR COMPLEX AND FOR THE LADY. 
          I HATE THAT MY CONDOLE TO YOUR ENTIRE, ANYONE THAT KNEW WERE IN THAT PROPERTY. 
          YEAH. 
          THANK YOU RANDY. 
          YES, IT WAS VERY SHOCKING TO THE WHOLE NEIGHBORHOOD AND EVERYBODY STILL TALKS ABOUT IT AND UM, AND, AND I APPRECIATE CHANEL BRINGING THAT, THAT IDEA FORWARD. 
          I THOUGHT THAT WAS UH, REALLY GREAT. 
          I APPRECIATE YEAH, IF SHE RAN OVER HER THREE MINUTES THAT YOU LET HER AND SHE DID AND I DID. 
          THANK YOU FOR THERE. 
          YES. 
          I COUNTY BUT IT LIKE THERE, SO THANK YOU FOR THERE. 
          YEAH, VALENCIA GAVE ME THE NOD AND I LET IT KEEP GOING FOR A WHILE. 
          THANK YOU FOR THAT. 
          ANYBODY ELSE HAVE ANYTHING? ALRIGHT, THANKS EVERYBODY. 
          IT'S 9 0 6 AND WE'RE FOR THE NIGHT. 
          THANKS EVERYBODY. 
          COME NIGHT.
* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.