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ALL IT IS, UH. FIVE OCLOCK GOOD EVENING. WELCOME TO THE PROSPER TOWN COUNCIL WORK SESSION. UH TODAY IS TUESDAY, JULY 12 2022 AT FIVE. P.M. AND I CALL THIS WORK SESSION TO ORDER. WE HAVE IN ATTENDANCE. WE ARE MAYOR PRO TEM CONTINUES TO BE IN TRAINING FOR HIS NEW POSITION. OUR DEPUTY MORE MAYOR PRO TEM IS WITH US. COUNCIL MEMBER COTTON COUNCIL MEMBER KERN COUNCILWOMAN BARTLEY, COUNCILMAN RAY ALL PRESENT, SO OUR FIRST ITEM ON THE AGENDA IS TO ITEM NUMBER ONE DISCUSSED THE PRELIMINARY 2022 2023 FISCAL YEAR BUDGET. AND MR SCOTT. WELCOME. REST. RIGHT, SO THAT'S WHAT IT OFF. WHERE. MY PORTION OF THE PRESENTATION IS 55. FIVE SLIDE. FIRST. EVEN THOUGH WE'RE AROUND MOREOVER, BOTH IN TERMS OF POPULATION. WE. SECOND BULLET. VIRUS. LIBRARY.
OR FIVE FT OF ROAD WIDENING PER YEAR. WORK THAT WAY. WHAT HAPPENED? AND THEN WE RESPOND TO THAT GROWTH. LARGE. PLANE BROKE, REPLACED. OF THE RESPONSE. ARE IN THE. THAT EXPENSES. IS OUR LARGEST. HOW OLD REGULATIONS. WHERE WE. RESOURCE IS WHEN THOSE. LOTS OF ADDITIONAL SERVICES THAT WE HAD COME IN WE DON'T.
COUNT OR WE'RE GOING TO THE RIGHT DIRECTION AND COUNCILS PROVIDING US THAT HERE GO HERE THAT WE CAN MAKE. AS WE GO, SO THAT WE. WHY IS BASICALLY THE FIRST BITE AT THE. AND BOB. AS YOU START INTO THAT. I JUST WANT TO ADVISE THE COUNCIL. WHAT WE'D LIKE TO DO IS ACTUALLY ALLOW BOB TO GO THROUGH HIS PRESENTATION. GET TO THE END OF THIS SLIDE. AH, THAT WAY. WELL, WE WON'T GO
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DOWN. WE'LL GO DOWN ANY RABBIT HOLES OR ANYTHING, BUT WE WILL GIVE EVERYBODY A PERFECT TIME FOR QUESTIONS AT THE END, ACTUALLY, TRUTH BE KNOWN. THERE'S WAY. IF YOU HE GAVE ME NO MORE THAN 50. AND IF YOU ASK ME QUESTIONS, I'D HAVE AN EXCUSE ON WHY SO THIS WAY. COUNCIL HAS TASKED STAFF WITH COMING UP WITH A FIVE YEARS HALF IN FRANCE. WHAT WE NEED TO DO IN ORDER TO CREATE THAT STAFFING PLAN IS WE NEED TO HAVE A VISION OF WHERE FIVE YEARS. WHAT IS OUR POPULATION THAT LOOK LIKE WHAT FACILITIES ARE WHAT DO WE NEED TO STAFF FOR? AND SO OVER IN GREAT DETAIL THE METHODOLOGY. PLAN, WHICH ALREADY BEEN YOU USED THE COG PROJECTION. FAMILY.WE USED OCCUPANCY RAGE FROM THE CALL. HERE'S THE MULTI FAMILY IN TOWN PHONE. AND THEN HERE'S THE COMMERCIAL. AND SO WHAT DID WE COME UP WITH? WELL AGAIN. ONE OF MY FIRST POINTS WAS WE'RE OVER HALFWAY THERE. WE'RE 35,400 POPULATION IF YOU LOOK AT BASED ON WHAT WE'VE ZONED WHAT WE'RE ALLOWING FOR RESIDENTIAL YOU LOOK AT THE BOTTOM RIGHT HERE QUARTER AND YOU SEE MORE IN THAT NEIGHBORHOOD OF 67 5. CASE SO AND THIS IS HOW IT BREAKS DOWN.
UM. AND WHERE WE EXPECT THAT ADDITIONAL POPULATION. TO COME FROM AND SO YOU CAN SEE. THE MAJORITY IS GOING TO COME FROM A SINGLE FAMILY. BUT BASED ON. BOTH SIDES PLANS BEING APPROVED AND ZONING ENTITLEMENTS WERE EXPECTING ABOUT 9100. ADDITIONAL POPULATION COMING FROM MULTI FAMILY. YOU ADD ALL THAT TOGETHER AND YOU GET TO THE 67 5. NO. THEN THE NEXT TASK. IS.
WELL, WHEN IS THAT POPULATION GOING TO COME? AND THAT'S A HARD QUESTION TO ANSWER BECAUSE IN.
THE LAST FEW MONTHS THERE HAS BEEN SOME STORM CLOUDS ON THE HORIZON. I WISH THEY WERE REAL CLOUDS WITH FRIGHTENING THEM. THEY'RE ACTUALLY RECESSION CLASS. AND SO WE HAVE A LOT. AND SO I BUILT THESE BASED ON THREE SCENARIO. THINGS JUST KEEP GOING , JUST LIKE THEY HAVE. BOOM.
WE'RE JUST GOING TO KEEP UP. BARS. I PERSONALLY THINK IS THE MOST REALISTIC SCENARIO. BECAUSD DALLAS FORT WORTH REGION AND CALLING CAN ESPECIALLY HAVE ALWAYS DONE BETTER. THAN THE COUNTRY AS A WHOLE WHENEVER WE'VE GONE THROUGH A RECESSION. THERE CONTINUES TO BE A LOT OF INMIGRACION COMING INTO THE STATE AND COMING INTO THIS FIRST PACIFIC REGION. BUT YOU CAN SEE THE THREE SCENARIOS AND DESCRIBE AND IN THE. ALL THREE OF THOSE SCENARIO. AND WHAT YOU SEE. WAIT OR JUST UNDER 59,000 AND A BOOST SCENARIO. HERE. SO THIS IS HOW IT WOULD BREAK OUT. YEAH. I WANT YOU. IS THAT BOTTOM ROW PERCENTAGE POPULATION. EVEN IN THE BOOM SCENARIO WE'RE LOOKING AT ABOUT WE HAVE A OH, NOW WE'RE LOOKING AT ABOUT 40. AND THEN A HARD RECESSION. 30% HERE. AND KEEP THAT IN MIND. MM. WE START ABOUT THE. STAFFING REQUESTS BY STAFF
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OVER THE NEXT FIVE YEARS. WELL, OBVIOUSLY, WE NEED TO COMMUNICATE. STAFF WAS WE'RE IN.COMING ONLINE. AND THEN WE'RE GOING TO LOOK AT THE INTER RELATIONSHIPS BETWEEN THE SERVICES. AND WHAT'S GONNA REQUIRE. FOR EXAMPLE, IF YOU ADD A NEW FACILITY, THERE'S GOING TO BE AN IMPACT ON THE FACILITY MAINTENANCE. ALL OF THAT. AND THEN ONCE WE KNOW WHAT THE LINE DEPARTMENTS LOOK LIKE. FOR EXAMPLE. HE CAN'T KNOW HOW MUCH NEED.
AND THE TIME. RIGHT NOW. THERE.
THE FIVE YEAR. STAFFING PLAN. AND ONCE WE GET BUY IN FROM COUNSELING FEEDBACK ON WHICH. OR IF THERE NEEDS TO BE TWEAKS TO THE PROJECTION. THEN WE WILL START BUILDING THE STAFF. SO LET'S TALK ABOUT FINANCIAL CONCEPTS. OKAY? UH, FIRST DECIDE. I BEGAN THAT BEFORE I EVEN START. ALL OF THOSE. FUNNY.
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SO LET'S TALK ABOUT SENATE BILL TWO. FOR MOST OF OUR CITIZENS. AH, THEY VIEW. THE TAXES THEY PAY TO THE TOWN. JUST IN ONE BIG LONG. THE REALITY, THOUGH.LOT MORE. HOWEVER. IT'S ALSO VERY STRICTLY REGULATED IN TERMS OF IT CAN ONLY GROW FROM EXISTING BASE BY 3.5. OKAY? AND SO. HERE'S WHERE I TALK ABOUT THE DEBT SERVICE AND SO ON THE.
MAINTENANCE AND OPERATIONS THAT 3.5% CAP. HIGHER.
BECAUSE. THE REVENUE FROM NEW PROPERTIES COMING UP ON. ALSO REPRESENT A DEMAND FOR NEW SERVICES. THERE IS NO LIMIT. ON HOW LONG? REALLY? WHEN YOU ADD 1000 HOMES ON A BASE OF 4000. SPEND THE MAJORITY OF YOUR PROPERTY TAX REVENUE INCREASE FOR THAT YEAR COMES FROM NEW CONSTRUCTION, SO THERE'S NO LIMIT ON BUT IF YOU ADD 1000 HOMES ON A BASE OF 10,000 HOMES THEN. THE IMPACT FROM NEW CONSTRUCTION IS NATURALLY LESS. AND MORE OF YOUR INCREASE IS COMING FROM CHANGES IN EXISTING BASE SO MORE OF YOUR
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INCREASE IN ANY GIVEN YEAR IS GOING TO BE SUBJECT TO THAT 3.5. HAIR. SO AS WE MATURE AS A CITY ONE OF THE THINGS WE ARE NATURALLY GOING TO BE IN COUNTERING IS THAT MORE AND MORE OF OUR PROPERTY TAX REVENUE GROWTH IS GOING TO BE SUBJECT. TO THAT 3.5. CAP GOING FORWARD.NOW. THE OTHER ASPECT OF SENATE BILL TWO. AS I SAID, OUR CITIZENS, THEY JUST 51 CENTS IS 51 CENTS. IF I HAVE A $500,000 HOUSE I PAID 2500 AND $50 IN TAX. BUT FROM SENATE BILL TWO STANDPOINT. M AND O, IN ESSENCE BECOMES A ONE WE CAN TAKE AS MUCH.
SO THAT'S THE IMPORTANT THING TO REALIZE ABOUT THAT CAT. NOW AGAIN. ONE OF THE THINGS THAT WE HAVE TO DEAL WITH THIS GROWING CITY. AS MANY OF THE AMENITIES ARE ADDED AFTER THE GROWTH HAS SLOWED IN THE MAJORITY OF THE A. V IS SUBJECT TO THE 3.5% CAP. SO WE JUST NEED TO START PLANNING FOR THAT. FIVE AND 10 YEAR PLANNING FOR A RIDE. AND AS WE MENTIONED ONE OF THE. TALK WITH THE FINANCE COMMITTEE ABOUT IS COMING UP WITH A PORSCHE. HIM AND. WE'RE NOT GOING TO SPEND THIS ON GENERAL FUND PURPOSES WE'RE GONNA DEDICATE. BUT THEN THE ADVANTAGE OF THAT IS WHEN THE NEW FIRE STATE. IN CAPITAL NOW TREE USED TO STAY. OKAY, SOR STAFFING EXCEEDS THAT SO WE KNOW WE'VE HAD SOME WORK TO DO. TO CREATE THE. BELOW THE LINE FOR THOSE FACILITIES THAT AREN'T GOING TO BE ADDED UNTIL AFTER 2027 AND THAT'S ONE OF THE THINGS WE WILL BE BRINGING BACK TO THE COUNT. NOW.
ALL THE RATING AGENCIES. WE USE . MOODY'S INSTEAD OF DOWNPOURS HAVE WHAT THEY CALL MEDIUMS. AND BASICALLY, THEY LOOK AT ALL THE MUNICIPALITIES THEY RATE MAY EVEN DIVIDE THEM UP BY SIZE SO THAT THEY'LL DO A 50 TO 100,000 OR THE A 25 TO 50,000 MUNICIPALITIES IN POPULATION.
AND THEY SAY FOR A DOUBLE A PLUS , WHICH IS WHAT THE TOWN OF PROSPER IS. WHAT WOULD BE THE MEDIAN LEVEL OF DEBT PER CAPITA YOU CAN SEE FROM MOODY'S. IT'S $1600. OURS IS $5300. SO WE'RE OVER THREE TIMES THE MEETING. FOR DIRECT THAT AS A PERCENT OF ASSESS VALUATION. I'M USING TAX PULLS US VALUATION. 1% VERSUS 3.2. AND THEN THE OTHER THING. THE RATING AGENCIES LOOK AT AND WE'LL GET INTO THIS AND JUST SECOND. IS HOW MUCH OPERATING REVENUE DO YOU HAVE? VERSUS YOU'RE DEAD. AND THE REASON THAT'S IMPORTANT IS BECAUSE RATING AGENCIES WANT TO MAKE SURE THAT IF YOU BUILD ALL THESE ASSETS THAT YOU HAVE THE MONEY TO STAFF THEM AND MAINTAIN AND SO YOU CAN SEE AGAIN. WE'RE AT 3.2 TIMES. VERSUS THE MEDIA JUST UNDER 0.8. SO WE HAVE HIGH DEBT.
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NOW, OBVIOUSLY, THAT DOESN'T OVERLY CONCERNED THE RATING AGENCIES BECAUSE IF IT DID, WE WOULDN'T BE A DOUBLE A PLUS, WHICH IS THE SECOND JUST ONE NOTCH BELOW PURPLE WAY. SO WE HAVE HIGH VALUES. WE HAVE THE CAPACITY. WE JUST HAVE TO UNDERSTAND THAT WE NEED TO MANAGE. AND SO HERE'S HOW THE TAX RATE. MEANS FORWARD. AND IT. BUT AS WE STARTED INCREASING THE AMOUNT OF DEBT AND STARTED ADDRESSING. $18 MILLION OF ROADS IN THE CAR. $18 MILLION ROAD PROJECT. WE HAVE MULTIPLE $18 MILLION ROAD PROJECTS. OR THE SERVICE TAX RATE FROM 15.25 TO THE 18.2. OKAY? NO. TURNS OUT. THAT BROUGHT US TO 35.68. WE HAVE A FINANCIAL POLICY, SAYING THAT WE SHOULD TARGET DEBT SERVICE TAX RATE TO BE NO MORE THAN 35. TOTAL TAX RATE, SO WE'RE ACTUALLY JUST A SHADOW. NOTICE SIGNIFICANT ISSUE. BUT IT'S SOMETHING WE OBVIOUSLY WANT TO ADDRESS AND MY RECOMMENDATION. THE CITY I CAME FROM HAD A 60 40 RATIO. YEARS AND YEARS AND YEARS. TRIPLE A RATED CITY. SO MY RECOMMENDATION WOULD BE AS WE CHANGE THE FINANCIAL POLICIES WE GO FROM 35.6 TO 35% TO 40. WHICH GIVES US A LITTLE MORE ROOM TO MANEUVER. WE STILL HAVE TO UNDERSTAND THAT IF WE ISSUE ENOUGH THAT WE COULD ACTUALLY HAVE TO GO OVER THAT SO THAT'S ONE OF THE FOCUSES OF THE BUS. THAT IS, HOW DO WE THAT PROGRAM.AT THE CURRENT PACE. OUT. PUTTING UNDUE PRESSURE. ON THE DEBT SERVICE TAX RATE AND ONE OF THE WAYS WE CAN DO THIS. IS REALLY FOCUS ON TRYING TO KEEP OUR, UM. ON SPENT PROCEEDS DOWN TO A MINIMUM. OKAY AND THERE'S SEVERAL TECHNIQUES. I'M NOT GOING TO GO INTO ALL THE DETAILS, BUT UH, THAT CAPITAL DEDICATED LEVY IS GOING TO BE PART OF BUT IF WE DO GO SECOND BULLET POINT TO THE 40% RATIO AT 51 CENTS ARE NEW CAP IS 20.4 CENTS. SO WE NOW HAVE 2.2 CENTS OF MANEUVERING ROOMS. BUT. WE STILL ARE AT THAT 20.4. BUT WE HAVE 190 MILLION OF AUTHORIZED BUT ON THE ISSUE AND PLANNED ISSUANCES THIS YEAR, WE'RE GOING TO BE SOMEWHERE IN THE NEIGHBORHOOD OF THIS AUGUST WE'RE GOING TO BE IN THE NEIGHBORHOOD OF 32 33 MILLION.
WERE ISSUING DEBT EVEN THOUGH WE'RE PROJECTING A B TO GO UP 16 17% OUR DEBT. OUTSTANDING DEBT IS GOING TO GO UP OVER 20% SO THAT'S WHERE SOME OF THE PRESSURE ON THE DEBT SERVICE RATES GOING TO COME. SO THAT'S SOMETHING WE WILL BE LOOKING AT. VERY, VERY CAREFULLY BEEN.
AND THEN WE ISSUE.EVER, IS THATT BULLET POINT HELP ME. MAIN ISSUES, SO THAT'S SOMETHING ELSE. AND WE NEED TO AGAIN. THAT'S ONE OF THE REASONS WHY WE WANT TO HAVE SOME CAPITAL
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DEDICATED THE LEVEE THAT WE CAN USE TO ADDRESS SOME OF THOSE OVERTURES. OKAY SO AGAIN. I'VE ALREADY MADE THE POINT, SO I'M NOT GOING TO BELABOR IT. BUT AS AS WE BECOME A MORE MATURE CITY IN OUR FACES BIGGER THAN THE NE. 3.5% SO. RECOMMENDED VARIOUS CHANGES AGAIN. MOST OF THESE, I DON'T CONSIDER SUBSIDY. I'M JUST GOING TO TOUCH ON A COUPLE FINANCIAL MANAGE.KEEPS THE PRESSURE ON THE DEBT WRITE DOWN. AVERAGE IS DUE TO THE HIGH INFLATION ENVIRONMENT OR FINDING OURSELVES. AND IT GIVES US MORE FLEXIBILITY. IT ALSO.
OKAY? THEN THE OTHER THING IS PROTECT THAT O AND M RAY BY USING THE UNUSED INCREMENTS. WE INTEND TO BRING A BUDGET TO YOU . THAT TAKES THE UNUSED INCREMENTS FROM PREVIOUS YEARS.
AND APPLIES IT. AND. ALSO UH, HOMESTEAD IS A GREAT WAY TO PROTECT THE RATE BECAUSE IT GIVES HOMEOWNERS TAX RELIEF. BUT AT THE SAME TIME IF YOU'RE GOING TO HAVE TO CUT THE TAX RATE ANYWAYS, WHY WOULDN'T YOU DO THAT? SENATE BILL TWO. FORCE YOU TO CUT THE TAX RATE. I WOULD MUCH RATHER GIVE THE HOMEOWNER TAX. SO UH, THOSE ARE SOME OF THE KEY THINGS ON MANAGING THE TAX RATE. AND THEN ON FINANCIAL MANAGEMENT BUDGET AGAIN, THIS ISN'T AS MUCH SUBSTANTIVE BUT WE'RE GOING TO START DISTINGUISHING BETWEEN RECURRING AND NON RECURRING, AND YOU'LL SEE AN EXAMPLE OF IT. AND JUST A MINUTE. AND WE'RE GOING TO REQUIRE RECURRING. EXPENDITURES.
TO BE NO MORE THAN RECURRING REVENUES SO THAT WE HAVE A BALANCED BUDGET UNDER CURRENT POLICY WERE ALLOWED TO DRAW DOWN FUND BALANCE, AND IT DOESN'T REQUIRE IT TO BE ONLY FOR ONE TIME USE IS SO WE'RE GOING TO GONNA CHANGE THAT. WE'RE ALSO GOING TO ADD POLICY RATING AGENCY. POLICIES THEY LOVE THE FACT THAT YOU'RE THINKING ABOUT WHAT DO WE DO WHEN THE ECONOMY GOES SOUTH, SO WE'RE GOING TO ADD THAT. WE STARTED AT FIVE. BOB. YEAH.
OKAY, OKAY. YOU GET YOU GET THE FULL HOUR THAT WE'VE DISCUSSED. GIVE IT SO YOU'RE MOVING ALONG.
HAPPY TO ANSWER. ANSWER THOSE, BUT WE'RE NOT GOING TO TAKE MEETING. TIME TO GO. SO WE GET TO CERTIFIED ROLL THE 20. WORKING. THEN ONCE WE HAD THE CERTIFIED ROLES WE HAVE HAVE THE TRUTH AND TAXATION CALCULATION AND WE HAVE TO COMPLETE THE PRELIMINARY BEEN MARRIED BUDGET.
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STAFF GOT OKAY? WE PRESENT THE PRELIMINARY BUDGET TO COUNSEL COUNCIL THE NIGHT OF AUGUST 9TH.IF YOU SO CHOOSE, YOU CAN SAY OKAY, WE'RE COMING. TOUGH AND WE WANT TO START THE ADVERTISING PROCESS FOR OR YOU COULD SAY WE WANT ANOTHER WORK SESSION. THERE'S PLENTY OF TIME FOR IT EITHER WAY. THAT'S UP TO COUNSEL. BUT ONCE THE COUNCIL.
WE CAN MORE. TO HAVE THAT PUBLIC HEARING. AND OF COURSE WE'RE PLANNING ADOPTION.
MY EXPERIENCE THAT DIDN'T COUNTY CHANGES MUCH MORE. LAST. COLLEGE.
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NOW.MODERN. NOW. YEAH. CARE ABOUT. OUR UTILITY IS.
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NONDISCRETIONARY REQUEST.NOT NEEDED AT ALL. SO REALLY, WHEN YOU'RE TALKING DISCRETION.
WELL. DIDN'T COUNTY. WIND SOUTH.
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AND OUR FIVE YEAR PLAN.[00:56:26]
WITH THAT. A.ER NO, I WANT TO. I WANT TO NOTE ONE QUESTION. YOU MADE IT UNDERNEATH THE OUR TIME, FRIEND.
THANK YOU VERY MUCH. BUT I DO BELIEVE THE COUNCIL HAS QUESTIONS FOR YOU BEFORE WE I'M GOING TO GO DOWN THE LINE ON THIS ONE HERE.
MHM MHM. SO I KNOW WE HAVE REPRESENTATIVES FROM EACH OF THE DEPARTMENTS OR DIVISIONS THAT PUT TOGETHER FEES. SO BE GLAD THAT BRING EACH OF THOSE INDIVIDUALS UP TO ANSWER SPECIFIC QUESTIONS ON THERE BECAUSE WE DID. WORK TOGETHER TO COMPILE ALL OF THOSE FOR YOU ALSO. HE HAD SOMETHING LIKE, FOR EXAMPLE, BUILDING INSPECTION WILL BREAK HERE. BEEN HEARING. I THINK THAT'S THAT'S ONE. LARGER ONES. LARGER LOT CIVIL PLAN REVIEWS. RIDGE CRIMINAL CHARGE.
HE'S GOING FROM 1 52 41 75 SO REAL JUMP. IT'S WEIRD VIEW. SURE THAT. YEAH, DEFINITELY. AND I KNOW THEY HAD THE PROSPER DEVELOPERS COUNCIL MEETING THIS MORNING. ADELE WHO'S IN THE AUDIENCE AS WELL. HE DID MENTION TO THEM ABOUT THE FEES. HE DIDN'T GO INTO DETAILS BECAUSE WE DIDN'T WANT TO GET AHEAD OF THE COUNCIL TONIGHT. AT LEAST BRING IT FORWARD TO YOU ON WE DID THE CURRENT FEE OF 150. WE DID THAT BACK. I BELIEVE IN 2020 , AND THAT'S WHERE WE WENT FROM DOING A HARD COPY REVIEW TO DOING ELECTRONIC REVIEW, AND TO BE HONEST, WE PROBABLY SHOULD HAVE ENACTED THE INCREASED FEES . AT THAT TIME. WE WEREN'T CHARGING ANYTHING, AND WE WENT TO $150 AND SO ESSENTIALLY. AH! THE AMOUNT THAT YOU SEE THAT REFLECTED HERE IS PROBABLY STILL IN LINE OR NOT LESS THAN WHAT THEY'VE BEEN SAVING. NOT HAVING TO PRINT. ENCOURAGE YOUR PLANS TO THE TOWN. SO AS YOU SAW IN THE EVALUATION WERE, UH, SUBSTANTIALLY LESS THAN COMPARABLE CITIES. ON THAT. AS FAR AS THE QUESTION ON POTENTIAL REVENUE. WE DID GO BACK ON THE
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PLANNED REVIEW SIDE FOR ENGINEERING SINCE THIS WAS ONE OF THE MOST SUBSTANTIAL INCREASES OUT OF ANY OTHER DEPARTMENTS. MOST OF THE DEPARTMENTS WERE EITHER YOU KNOW, TIME TO MATERIALS, THINGS LIKE THAT FOR US. RECURRENTLY ON AVERAGE COLLECT FOR OUR PLAN REVIEW ABOUT 8 TO 9000 YEARS. AND YOU'VE GOT TO THANK THEIR DEVELOPMENT SIDE OF ENGINEERING IS ASSISTANT DIRECTOR, SENIOR ENGINEER, AN ENGINEER ANYTHING SO WE'RE GROSSLY UNDER, YOU KNOS NECESSARY FOR THE DEVELOPMENT. WITH THE INCREASE AGAIN, BEING SUBSTANTIALLY LESS THAN COMPARABLE CITIES WERE ANTICIPATING INCREASING THAT ROUGHLY 10 TIMES TO STILL BE AROUND THE NINETIES. TO 95,000. SO IT'S STILL SUBSTANTIALLY LESS. TO OPERATE THE DEPARTURE.AGAIN. WE FELT THAT THAT'S MORE IN LINE WITH TRY THE COST SAVINGS THAT THE DEVELOPERS OR EXPERIENCE PRINTING THAT WE. GONNA BE MOSTLY FOR BOMB. APOLOGIZE AND TAKE YOU ALL THE WAY BACK TO SLIDE SEVEN AND GO THROUGH MY NOTES AS WE WENT ALONG. I'M SORRY. UM I WOULDN'T WANT TO WASTE EVERYBODY'S TIME, SO I'LL TRY TO BE BRIEF. SO, UME RESIDENTIAL LOTS. UH, THE. SORT OF PROJECTION FROM THAT. SO MY QUESTION IS, UM, FOR EXAMPLE, IN THE NORTH WEST CORNER OF TOWN, IT SAYS, LEGEND CITY FUTURE. OH NO. SORRY. IT'S LIKE SEVEN. IT'S A IT'S A MAP OF THE, UH, ANTICIPATED SINGLE FAMILY. YES. THERE YOU GO. SORRY THAT'S RIGHT . YES YOUR SUMMARY SLIDE. I APOLOGIZE. I DIDN'T. I DIDN'T CALCULATE THAT. UM SO, FOR EXAMPLE, THAT LITTLE PINK BOX THAT SAYS LEGEND CITY FUTURE 304. MY ASSUMPTION WOULD BE THAT'S BASED ON THE COM PLAN. IT WAS, YOU KNOW, QUITE A FEW YEARS OLD. MY ASSUMPTION WILL BE THAT THAT WILL END UP BEING MEDIUM DENSITY. MOST LIKELY, SO MY QUESTION IS AS THOSE AND DEVELOPMENT START TO COME ONLINE IN THE NEXT FEW YEARS. DO WE THEN ADJUST. OUR PROJECTIONS BASED ON THAT, BECAUSE I SEE SOME MEDIUM DENSITY AND SOME URGENCY AND I DON'T I'M NOT SURE THAT'S WHAT IT WILL END UP BEIN.
OKAY, THAT'S UM SO. WHEN WE TALK ABOUT RECESSION PAUSE. AND IN THE BUDGET THERE, UM THERE IS A DECREASE IN, FOR EXAMPLE, IN BUILDING PERMITS. YOU THINK THERE'LL BE A DECREASE IN DEMAND THERE? AND I DON'T DISAGREE WITH THAT. UM I GUESS MY QUESTION, THOUGH, COMES ON STAFFING. SO WHEN YOU DO YOUR STAFFING PLAN, I ASSUME THAT THAT'S PART OF GETTING OUR FEEDBACK SO THAT YOU CAN SORT OF ADJUST BECAUSE IF OUR PERMITS ARE SLOWING DOWN AND BUILDING A SLOWING DOWN, AND THINGS ARE SORT OF ON PAUSE, THEN OBVIOUSLY, WE DON'T NEED TO HIRE MORE INSPECTORS AND ALL THOSE KINDS OF THINGS AT THE SAME PACE OR RACE THAT WE'VE BEEN RIGHT, RIGHT. SO I GUESS IN PREPARING THE BUDGET ONCE YOU GET FEEDBACK FROM US, THAT IS AN EXERCISE. YOU GUYS WILL GO THROUGH AND SAYING, OKAY, WE THOUGHT AT THIS GROWTH RATE WE NEEDED THESE POSITIONS. BUT SINCE WE'RE NOT ANTICIPATING THAT GROWTH, WE WON'T OKAY? I ALWAYS WANTED TO MAKE SURE THAT WE HIS LAST YEAR. IN THE BUDGET . THAT WAS ONE OF MY QUESTIONS. IS THAT WE, YOU KNOW, WE PROJECTED A DECREASE IN BUILDING ACTIVITY AND ALL THAT, BUT WE INCREASED IN ALL OF THESE STAFFING LEVELS AND JUST DIDN'T MAKE SENSE TO ME.
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I DON'T LIKE ISSUE, OKAY? UM OKAY, SO THE NEXT QUESTION HAS TO DO WITH STAFFING VERSUS PROFESSIONAL SERVICES. IS THERE A CALCULATION THAT YOU ALL ARE MAKING INTERNALLY OF? AT WHAT POINT DO WE ENGAGE? A AN EMPLOYEE VERSUS PAYING PROFESSIONAL SERVICE, AND I UNDERSTAND BUREAU VERITAS WE THAT'S JUST ONE EXAMPLE. WE USE THEM, UM. FOR THE LARGER PROJECTS AND ALL OF THAT, BECAUSE WE DON'T WANT TO EMPLOY SOMEBODY INTO THOSE LARGER PROJECTS. GO AWAY OR DECREASE. AND THEN WE'VE GOT AN EMPLOYEE, SO I UNDERSTAND THAT ONE, BUT I THINK THERE'S QUITE A FEW AREAS WHERE WE USE PROFESSIONAL SERVICES. SO SORT OF TELL ME.HOW YOU ALL DETERMINE, YOU KNOW? HEY WE'VE BEEN PAYING PROFESSIONAL SERVICES FOR X THING FOR QUITE SOME TIME AND NOW I THINK WE CAN HIRE SOMEONE AND IT'S MORE COST.
RIGHT. AND THEN WHEN LET'S GO TO THE SLIDE THAT HAD THE SENATE BILL TWO IMPACT ITS FLOOD MY VERSION OF SLIGHT 18, PROBABLY 19 3. UM. I JUST HAVE A QUESTION ON THE FIRST BULLET POINT, IT SAYS IF EXISTING VALUES INCREASE MORE THAN 3.5% YOU MUST LOWER THE RATE PROPORTIONALLY. CAN YOU MOVE THE RATE FROM M AND OUT TO DEBT SERVICE THAT WOULD BE LOWERING THE OKAY, SO YOU DON'T HAVE TO NECESSARILY LOWER THE TAX RATE. RIGHT? LEFT THE FIRST TIME I HAD HEARD THAT SO I WAS CONFUSED BY.
UM, THANK YOU FOR THAT AND EXTENT. AND OKAY, SO ON THE SINGLE FAMILY BUILD OUT YOU WE TALKED A LOT ABOUT THE VALUES FOR NEW CONSTRUCTION BECAUSE YOU GET THAT THAT ONE TIME BOOST, I GUESS FOR LACK OF A BETTER TERM. I'M NOT FORGIVE ME FOR THAT. UM BUT AS THE SINGLE FAMILY BUILDS OUT, IS THERE A CALCULATION UM OR OR SORT OF A FORECASTING OF COMMERCIAL? COMMERCIAL DEVELOPMENT INCREASING BECAUSE WE ALWAYS HEAR FROM DEVELOPERS AND I'M NOT DEVELOPER. SO WE ALWAYS HEAR YOU NEED HOUSE TOPS. YOU NEED BODIES. YOU NEED A MULTI FAMILY, SO I'M ASSUMING AS ALL THAT COMES ONLINE ARE COMMERCIAL THAN WILL INCREASE, WHICH IS AN INCREASE IN THE SALES TAX AND.
[01:10:56]
OKAY AND MOVING ALONG WITH MY QUESTIONS HERE. UM SO WHEN YOU TALK ABOUT RESERVING MONEY FROM THE GENERAL FUND FOR CAPITAL NEEDS AND HAVING A SEPARATE LINE THERE ARE PERCENT. HOW HOW DO YOU ARRIVE AT THAT NUMBER? IS THERE A PERCENTAGE THAT YOU WOULD RECOMMEND? IS THAT SOMETHING TO FINANCE COMMITTEE? US AND RECOMMEND HOW IS THAT GOING TO SOMETIMES THERE'S MORE ART THAN SCIENCE. OKAY INVOLVED IN THE PROCESS. UM WE KNOW. THAT IF WE JUST LEFT THE ENTIRE $8 MILLION SURPLUS AND THE GENERAL FUND THAT THE TEMPTATION WOULD BE TO SPEND IT AND TO EVEN COME BACK WITH MID YEAR BUDGET ADJUSTMENTS AND EVERYTHING. SO WHAT WE WANT TO DO IS HAVE UPON THE NEEDS OF THE CITY LIKE ALMOST DISCRETIONARY PACKAGES. WE'D PROBABLY WANT TO FUND THE ONES AND MOST OF THE TUBES. AND THEN PROBABLY BECAUSE OF ALL THE UNCERTAINTIES WE'VE SEEN IN THE HIGH INFLATION, ETCETERA, LEAVE SOME CONTINGENCY MONEY IN THERE. BUT THEN TAKE THE BALANCE OF THAT. AND MOVE IT OVER TO CAPITOL DEDICATED AND WHETHER THAT'S WERE ESTIMATING THAT EACH PENNY OF TAX RATE IS GOING TO BE BETWEEN 657 $100,000 OF VALUE. SO YOU KNOW IF YOU COULD START WITH FOUR OR FIVE CENTS, AND YOU HAVE A $3.5 MILLION CAPITAL DEDICATED STARS. BUT UNTIL WE START A VALUE WAITING AND WAR TIES IN THOSE DISCRETIONARY PACT IS IT'S HARD TO SAY EXACTLY WHAT THAT WOULD BE, AND WILL BE LOOKING TO THE FINANCE COMMITTEE FOR GUIDANCE ON THAT. AND THEN ON THE CALENDAR. UM, THAT WAS DISCUSSED. I KNOW THE LAST FEW YEARS WE'VE HAD A TOWN HALL. UM FOR CITIZENS THAT HAVE BEEN, YOU KNOW, IT'S JUST A THAT HE DID A PRESENTATION LAST YEAR. AND I THINK THAT YOU REMIND ME WAS MAYBE FOUR OR FIVE PEOPLE. THAT CAME IN. IT'S NOT HUGELY ATTENDED. BUT THERE ARE SOME PEOPLE THAT REALLY ARE INTERESTED AND WANT TO KNOW WHERE THEIR TAX DOLLARS ARE GOING. SO I JUST DIDN'T KNOW IF WE CAN CERTAINLY CERTAINLY DO THAT. UM. AGAIN WE CAN DO BUDGET PUBLIC HERE. WE CAN DO MORE THAN ONE, BUT PUBLIC HEARING WERE ONLY REQUIRED BY STATE LAW TO HAVE ONE, BUT WE CAN DO TO AND WE CAN DO A TOWN HALL. IF THAT'S A LESS INTIMIDATING FORMAT FOR CITIZENS. RATHER THAN ACTUALLY COMING. COUNCIL MEETING BECAUSE SOME CITIZENS THEY FEEL VERY AWKWARD STANDING BEFORE DIESS. AND TALKING TO THE COUNCIL. SO WE CAN DO A TOWN HALL MEETING. WE CERTAINLY BUILT I WOULD APPRECIATE THAT IF EVERYBODY ELSE AGREES. I JUST THINK THAT THERE ARE A FEW. OKAY THAT'S MY FAULT. I WAS THE ONE WHO PULLED IT OUT, HAD IT IN AND I PULLED IT OUT. BECAUSE I SAW THE MEETINGS. BUT THAT'S SOMETHING WE'LL JUST ADD BACK. CHRIS WILL BE THERE. HE'S ALWAYS AND THEN ONE MORE QUESTION AND I HAVE MORE OF IT. I WON'T. I WON'T KEEP US IN BORIS HERE. ONE MORE QUESTION AND FOR JUST FOR ASUS AND WHAT'S THE DIFFERENCE? I KNOW THAT IT'S SAID THAT ON THE SLIDE THE DIFFERENCE FOR THE INCREASING THE HOMESTEAD EXEMPTION. WHAT'S THE DIFFERENCE BETWEEN FOR A HOMEOWNER? IN YOUR CALCULATION HERE FOR ONE CENT DECREASE VERSUS THE VERSUS THE HOMESTEAD EXEMPTION INCREASED.YEAH. THINK OF. A PENNY IS 1 1/100 OF A PERCENT. SO IF YOU TAKE A $600,000 HOME, I HAVE TO THINK. THE ON THE SPOT. $60 OKAY, SO IT WAS BETTER THAN THAT'S WHAT I WAS GETTING.
[01:15:14]
YEAH. AND I HAVE TO, AND, UH, YOU KNOW, BEING BRAND NEW HERE, UM, LEARNING IT ALL. BUT AS YOU REMEMBER, THERE WAS A FAIRLY SIGNIFICANT DIFFERENCE BETWEEN. WRITTEN VALUE. BUT I USED THE 600,000. COUNTY AVERAGE. LOT. TAX BORES RIGHT AT 500,000. FIVE. 10 A PENNY OF TAX RATE WOULD BE $55. HOLLANDE AVERAGE TAXABLE VALUE. MHM. I JUST WANT TO BE ABLE TO SAY THAT TO SOME HOMEOWNERS THAT ARE, YOU KNOW, THEY LIKE THE FACT THAT WE CUT THE RIGHT LAST YEAR. I KNOW THEY'RE GOING TO BE LOOKING FOR THAT AGAIN THIS YEAR, AND SINCE WE WRITE THE HOMESTEAD EXEMPTION, I WANT TO BE ABLE TO ARTICULATE IS BETTER FOR THEM. I'LL BE DONE NOW. I'LL STICK ON THAT POINT TOO. AND I DO THINK I AGREE HAVING THE AVAILABILITY OF THE TOWN HALL. YES NECESSARY.IT'S AVAILABLE. MAYBE NOT. EVERYONE DOES IT. BUT YOU DON'T HAVE IT THEN THEN THEN THAT'S A STICK. BE USED LATER AND ALSO STICK WITH THAT RIGHT PIECE. I THINK, UM, I ENCOURAGE YOU ONCE WE GET THE VALUES TO SETTLE ON SOME SORT OF AN AVERAGE TO USE AND THEN CREATE SOME SORT OF VISUALIZATION. SO THAT WE CAN THAT WE CAN DO THAT AND USE THAT AND NETWORK WORK. KIDS. ALL OF THOSE OTHERS. GLAZE OVER, BUT THAT'S THE MEAT. THAT'S WHAT THEY WANT. YEAH, AND WE CALCULATED THAT GOING UP ON THEE BENEFIT OF THE ADDITIONAL OKAY? YEAH AND I THINK COMPARING, YOU KNOW THE OTHER SAVINGS AS WELL BECAUSE I LIKE THAT CHART A LOT BECAUSE IT DOES TAKE INTO ACCOUNT THEIR HOMESTEAD EXEMPTIONS AS WELL. AND A LOT OF TIMES THE RACE IF YOU'RE JUST LOOKING AT THE CHART. YEAH AND WHAT I'VE DONE IN MY PREVIOUS CITY, AND WE'RE GOING TO DO HERE TOO. IS WHAT I CALL MUNICIPAL COST OF SERVICE. BECAUSE THE TAX RATE IS ONLY ONE ASPECT. YOU ALSO HAVE WATER. YOUR UTILITY BILLS. YOU'RE SOLID WAYS. DO YOU HAVE A DRAINAGE UTILITY OR NOT? ALL THOSE DIFFERENT THINGS, AND SO WE TYPICALLY JUST BUNDLE ALL THOSE TOGETHER AND THEN COMPARE THEM. TO OUR BENCHMARK CITIES SO THAT WE CAN SEE AND TERMS OF THE THINGS THE AVERAGE CITIZEN WILL PAY EVERY MONTH TO THE TO THE TOWN. HOW DO WE COMPARE TO OTHER YEAH, I AGREE. IT'S A IT'S A VALUE. PROPOSITION TWO ARE THINO CALCULATIONS READOUT AND HOW THEY'VE CHANGED THE WORDING AND EVERYTHING, AND I UNDERSTAND THE POLITICAL MOTIVATIONS BEHIND ALL THAT. IT IS IMPORTANT THAT WE CAN GET A FINE POINT ON IT, BECAUSE IF THAT'S GOING TO SAY SOMEONE $50, BUT WE'RE SAYING WE'RE ALSO NOT GOING TO BUILD A ROAD. YOU'RE GOING TO GET HAVE A THIS OR REACTION TO THE TERM. NO NEW TAX RATE AT YOU'RE GOING TO SAY $50, BUT YOU FISH TRAP. IT WILL NOT BE WHITE. TO HAVE A MUCH BUT. I HAVE A COUPLE OF ROLL BACK A LITTLE BIT TOO. AND I AGAIN I'M SORRY. IF THIS IS UNDERSTANDING ISSUE AND WE MEET OFFLINE. I'M FINE WITH THAT, TOO. BUT AND I THINK THESE ARE FAIRLY EASY TO ANSWER AND SOMEBODY'S ARE OFTEN WHAT COUNCIL COUNCILWOMAN BARLEY WAS SAYING AS WELL. UM, NO, NO. PIECE THAT YOU MENTIONED IS THE CAPITAL DEDICATED LEVY. HOW WILL THAT APPEAR ON THE BALANCE SHEET OR IN THE BUDGET? CURRENCY WISE.
[01:22:03]
SOUNDS PREFERABLE TO ME BECAUSE I WOULD LIKE THERE TO BE A CLEAT ONCE THAT HAPPENS, AND THAT THERE'S NO BACKWARDS FLOW FOR THE HAT BACK AND MUST BE FOR CAPITAL.YEAH, BECAUSE I THINK YOU KNOW, I'M THINKING BACK TO SOME OF THE FEEDBACK I'VE HEARD FROM CITIZENS LAST YEAR. AND THEY WERE LOOKING AT SURPLUSES AND SAY. BUT THE PRESSURE TO LOWER THE TAX RATE AGAIN. I'M. CREASE THE VOLUME OF A SMALL GROUP OF PEOPLE, BUT I'M JUST THINKING ABOUT THINGS THAT PEOPLE ARE TALKING AND THEY MAKE GOOD POINTS. IT'S LIKE PEOPLE ARE OKAY WITH US HAVING SURPLUSES. THERE'S SOME SORT OF A PLAN AND I THINK THIS ADDRESS IS THAT.
PATIENTS HERE ON SUBCOMMITTEE TO THINK ABOUT. ACADEMY. RESPONSE. UM. YOU'RE CALLING IT. YOU WERE CONFUSED BY THE WORDING OF. CALLING IT UNUSED INCREMENT FOR PROTECTING THE RATE. AND THEN YOU HAD MENTIONED LIKE, IF WE NEED IT FOR A CERTAIN PROJECT, LIKE YOU WON'T COULD USE THE MONEY. AND I'M NOT TRYING TO PICK ON YOU IN PARTICULAR. I'M JUST SAYING LIKE IT WAS A LITTLE CONFUSED. IT FELT A LITTLE LOOSE, AND I'M TRYING TO UNDERSTAND. WHAT DOES THAT MEAN UNUSED INCREMENT. HIM. WHAT.
[01:25:19]
OKAY, THAT'S. YES. OKAY. THAT WAS MY CONFUSION. OKAY. THANK BECAUSE IT SOUNDED LIKE OKAY, SO HOW WOULD WE AND I THINK MY ONLY OTHER FUNCTIONAL QUESTION IS. I KNOW THE SECOND LARGEST PIECES OURSELVES TAX. AGAIN I FELT LIKE THIS WAS ANOTHER POINT THAT WE WERE WAS A CITIZENS BROUGHT UP LAST YEAR. AND YOU WERE TALKING ABOUT HOW YOU WERE PROJECTING IT FOR THE REMAINDER OF THE YEAR AND THEN NEXT YEAR, AND YOU WERE SAYING 7.5% MONTH OVER MONTH FOR THE SAME PERIOD OF LAST YEAR.TRYING TO GET A HANDLE ON HOW THAT COMPARES TO WHAT'S REALLY HAPPENING LIKE IN MY BUSINESS.
YOU KNOW, WE DO. I'M ON THE SALES SIDE. THREE YOU KNOW, WE DO A THREE PLUS NINE AND SIX PLUS SIX. IT'S ALL BASED ON ACTUALLY. RIGHT? TRYING TO GET A FEEL FIRM. HOW CLOSE IS THAT? THEME THIS YEAR.
LIKE SO LIKE IN GENERAL YEAR TODAY, THERE WE RUNNING ABOUT THAT HIGH IN YOUR OVER A YEAR COMPARISON TO LIKE WHEN WE GOT OUR MAY RESULT.
I JUST WANT TO MAKE SURE THAT WE'RE NOT AND I DEFER TO YOU THE KNOWLEDGE MAKING SURE USING THAT AS A.
[01:30:20]
BE HONEST, I CAN'T THINK OF ANY TAXPAYERS. THAT WILL BECOME. IT'S DIFFERENT. CHRISTIAN REALIZED THAT TODAY IS AMAZON PRIME WHEN I LEFT THE HOUSE, MY WIFE THINK ARE THAT MAYBE ARE.GOOD. THANK YOU. RIGHT. I JUST WANT TO VERIFY FOR EVERYBODY THAT HE COMMITTED TO A FIVE CENT ALLOCATED AMOUNT TO CAPITAL LEVY. AND THAT'S WHERE WE STARTED OUR HEARD. FIVE SWORE I HEARD FIVE CENTS, OKAY? NO. AS TO THE SALES TAX ON JUMP ON THAT REAL QUICK THIS LAST MONTH. I THINK IT WAS A 15% MONTH OVER MONTH INCREASE PLUS $120,000. AND YOU CAN PREDICT. IN THE NEXT COUPLE OF MONTHS BECAUSE YOU'LL RECEIVE THOSE BEFORE WE DO THE BUDGET. THIS WAS AN EIGHT MONTH REAL EIGHT MONTHS OF REAL NUMBERS AND FOUR MONTH FORECAST BY THE TIME WE FINISHED THE BUDGET 10 MONTHS. REALLY? WELL. I'M JUST THINKING THAT YOU DO KNOW NOW THAT WASN'T IN THIS CURRENT DRAFT. THAT WE'VE GOT A 15% FOR THAT MONEY. AND 100 POINT.
TAKE WAS ON THE SALES TAX THAT IF WE MISS THIS YEAR WE HAVE A DOUBLE IMPACT BECAUSE WE HAVEN'T GROWN IT BY 5% NEXT. I WANT TO BE SURE WE GET THIS YEAR AS ACCURATE AS WE CAN.
RIGHT? SEVEN HALF PERCENT INCREASE IN THE 5% INCREASE. I JUST WANT TO BE SURE. AS ACCURATE AS WE CAN.
WELL, I FEEL LIKE A 7.5 AND 5. UH HOW DID YOU COME UP WITH YOUR BOOM 75? PAUSE, 50 AND RECESSION 25. THAT BUILD OUT THAT THAT 67,000 NUMBER IS THAT A BUILD OUT NUMBER? OPERATES OF PLANS AND POLLUTED IN THAT, SO THAT'S A FULL BUILD OUT. SO YOU'RE SAYING OF THAT TOTAL 22,000 AND ADDITIONAL, FOR EXAMPLE, SINGLE FAMILY.
[01:35:11]
AN EXAMPLE, THOUGH, THAT MY CONCERN IS CAUSE I DON'T WANT TO FORECAST. AND LIKELY TO END UP SOMEWHERE IN THE MIDDLE IN THERE. UH, BUT THAT SHOWS A 1400. PERSON INCREASE FROM 22 TO 23. GOING TO DELIVER 1000 HOMES. MORE THIS YEAR. THAT'S 3500 JUST IN SINGLE FAMILY HOME. SO THAT THAT NUMBER THAT ONE YEAR IS THE FIRST YEAR WHICH IS THE MOST SIGNIFICANT. IS GOING TO BE OFF.UNLESS UNLESS ALL OF A SUDDEN WELL, ACTUALLY, THOSE HOMES HAVE ALREADY BEEN TAKEN DOWN A LOT.
FOR THIS 22 TO 23. SO HALF OF THAT IS ALREADY MOVED IN. PROBABLY SO I'M JUST SAYING, LOOK AT THAT, IF YOU WOULD SO THAT SO THAT DOES MAKE SOME SENSE WITH REGARD TO THE NUMBER OF LOTS THAT ARE IN HOMES THAT ARE BEING SOLD TODAY. AND I DON'T HAVE A PROBLEM WITH THIS.
75 50 25. NOT IMPORTANT, I THINK JUST OVER THE FIRST COUPLE OF YEARS WE NEED TO BE ABLE TO TIE THE LOT FOR KICKING. YOU KNOW WHAT WE'RE DOING IN LOTS. I MEAN, IF WE'RE GONNA BUDGET GOING TO SELL 88 THAT WE'RE GOING TO PERMIT 800 LOTS, BUT WE'RE ONLY GOING TO ADD 100 LOTS, 100 HOMES. IT JUST DOESN'T MAKE ALL RIGHT. OUR DEBT. IS 20 YEAR DEBT, RIGHT? ANY CONSIDERATION TO DOING 30 YEAR DEBT. IF WE END UP ABOVE ON THE RATE.
I WOULDN'T. I WAS NOT PROPOSING THAT I DON'T LIKE THAT. I JUST WANT TO BE SURE EVERYBODY WAS AWARE THAT THERE IS YOU HAVE A OPTION IF YOU NEED TO. IF YOU WANT TO ISSUE DEBT, AND IT BUMPS UP AGAINST SOME TESTS, YOU HAVE THE ABILITY TO INCREASE.
I'M THINKING YOU'RE GOING TO GET A CONSENSUS FROM THIS GROUP THAT WE DON'T LIKE TO SEE EXCESS. FUN SITTING.
[01:40:44]
MY PRIORITY IS TO USE THE MONEY WE GOT. AND THEN AND THEN ONLY SELL IT AS WE NEED. AND TO DO IT WITH 20 YEAR DEATH. THAT WAS GOING TO BE RIGHT.HOMESTEAD EXEMPTION. IF WE GOT INTO A BIND NEEDED TO INCREASE THE RATE. CAN'T WAIT INSTEAD REDUCE THE HOMESTEAD EXEMPTION WITHOUT HAVING A VOTE. ONCE WE GO TO A 12.5% HOMESTEAD EXEMPTION. BY LAW, WE CAN'T REDUCE IT OR POLITICALLY. I SUSPECT IT'S BOTH, BUT.
I JUST WAS MY THOUGHT WAS THAT WE'RE GONNA WE'RE MAKING A LOT OF DECISIONS BASED ON PROTECTING OUR FUTURE DEMAND FOR M AND O AND NOW. THIS IS ONE OF THE DECISIONS WE WILL MAKE THAT WILL PERMANENTLY REDUCE OUR.
MM. IT'S THE AMOUNT OF MONEY WE'RE SPENDING. ALBEIT WE'RE WORRIED ABOUT. OTHER. WAISTLINE.
OH, MY TAKE ON THE THINK WE'VE TALKED ABOUT THE VERB FUND WHERE IT'S REALLY JUST A SPIN OFF OF THE GENERAL FUND. BALANCE. PAIN. FUN BALLOT. COMBINED FOR. CABINET. IN THE WAY. ANOTHER. BUILT.
[01:46:20]
ALLOWANCE WITHIN. I PREFER IT'S NOT. ALL FUN. HAVE FUN. THAT USED TO BE A PART OF THE GENERAL. NEITHER LINE IT WITH THE GENERAL FUND IN YOUR TEST. AND HAS.I THINK YOUR EXPLANATION. VERY HELPFUL BECAUSE A LOT OF HOMEOWNERS. HOLD ALL THE VALUES WENT UP. DROP THROUGH. SENIORS, OLD FOLKS LIKE ME. ARE QUANTA 18.
EARLIER. CAN YOU TELL ME A LITTLE MORE ABOUT SINCE THAT, IS THAT A LITTLE TWEAK OR IS THAT.
[01:50:29]
HAVE TO SLIM.REALLY? JASON, YOU COULD COME BACK UP REAL QUICK. I WANTED TO AND I AGREE WITH GREG. GOOD NEWS ARE GOING LAST IS WE GET TO LET CHARLES MAYBE MARK HAVE TO ASK HIM. ALRIGHT SO CONTINUING TO FOLLOW. FOLLOW ON ON THAT. ISSUING DEBT SLIDE 22 23 OUR DEBT LEVELS AND THEN DOES ANYTHING ON THOSE SLIDES GIVE YOU CONCERN AS OUR AGENT FOR THAT? AND ARE YOU OKAY WITH THE 60 40 DEATH POLICY AS BOB.
[01:56:32]
GREAT. THANK YOU.OKAY. THANK YOU, JASON. THANK YOU FOR BEING OKAY, I'M JUST A COUPLE OF SIMPLE POINTS, DALLAS MORNING NEWS TODAY POINTED OUT HOME SALES DECLINED 20% YEAR OVER YEAR IN COLLIN COUNTY TENT, DECLINED 10% IN DENTON COUNTY. AND DECLINE IN BUILDS A YEAR OVER YEAR 7. SO WITH THAT. I'D LIKE TO GO TO YOUR PAGE 45 WHERE YOU ASK FOR DIRECTION. IS THE COUNCIL SATISFIED? SO I GIVE THAT BASIC THING THERE IS, UH I AM NOT SURE WE'RE IN THE BOOM PARK. THE NUMBERS I JUST QUOTED , BUT I'M NOT SURE THAT THOSE ARE GOING TO CONTINUE TO CARRY SELF. FOR BOB'S IN HIS TEAMS. DIRECTION. QUICKLY, JUST KIND OF PULL THE COUNCIL TO GET YOU GUYS WOULD AGREE. PAUSE SCENARIO THAT HE HAD MENTIONED. ANYBODY OPPOSED THAT SO HE CAN HELP CONTINUE TO BUILD THIS BUDGET.
I'M AGREEABLE TO THAT WITH THE CAVEAT. I'D LIKE HIM TO LOOK AT THE FRONT END OF THAT A LITTLE BIT BECAUSE IT'S OBVIOUSLY A SKEW A LITTLE BIT BECAUSE WE'RE GOING TO HAVE MORE GROWTH.
CLEARLY ON THE FRONT. SO I JUST SAY, MAYBE YOUR PERCENTAGES ALLOCATED MIGHT NEED TO BE A LITTLE BIT MORE. THE FIRST YEAR OR TWO. ANYBODY OPPOSED TO THAT? OKAY. NEXT ITEM IS WHERE YOU DISCUSS. ISSUING THE AMOUNT OF DEBT BY RACE, AND THEN IF YOU CAN'T DO THAT, WITHOUT INCREASING THE DEBT SERVICE TAX RATES, SHOULD YOU SHIFT THE REQUIRED AMOUNT OF TAX RATE FROM . OH, AND I THINK WHAT I HEARD HERE WAS YES BY USING THAT CAPITAL DEDICATED FUND.
[02:00:50]
SO WITH THAT SAID, I THINK THAT YOUR NEXT TWO BULLET POINTS YOU KIND OF ANSWERED THAT THERE.IT'S OUT THERE IN THE FUTURE, BUT WE DON'T HAVE TO MAKE IT. THE NEXT BULLET IS COMFORTABLE AS A COUNCIL COMFORTABLE WITH THE PROPOSED POLICY CHANGES, AND YOU INDICATE GOING BACK TO THE FINANCE. I WOULD ADVOCATE THAT. FINANCE COMMITTEE HAS SEEN THAT ALL I DON'T THINK THERE'S A REASON TO GO BACK. I'D LIKE TO SEE YOU BRING THE RISK RESOLUTION WITH ALL THE POLICY.
AND WHAT WE'LL DO IS WE'LL PRESENT. SO WE'LL PUT IN THE PACKET, BOTH OF RED LINES.
THANK YOU. UNDER THE NEXT BULLET POINT ADDITIONAL ITEMS I WOULD PUT OUT THERE. ONE WOULD BE UNDER THE FEES SECTION. I WOULD JUST ASK YOU AND TO MAKE SURE I KNOW YOU SAID YOU GOT THE DEVELOPERS COUNCIL. DISCUSSION I REALLY WANT TO HEAR THEIR DIRECT INPUT. LISA, WE DON'T SURPRISE.
THINK THE OTHER IS, UH, I WOULD SAY WE NEED WORKED. TOWN HALL. PROBABLY I THINK THIRD WEEK OF AUGUST SOMEWHERE IN THERE TERMS OF THINGS TO DO. AND THEN. THE OTHER THING I WOULD SAY IS, WE NEED TO BE ABLE TO COMMUNICATE. WE HAVE A TIGHT BUDGET HERE. YOU KNOW? YES THERE ARE THINGS THAT WOULD THEIR AREAS THAT WE'RE GOING TO WORK ON. BUT JUST THE MARKETING PIECE. THEY. A TIGHT BUDGET TO GET ALL THE THINGS DONE THAT WE AS A COUNCIL AND STAFF ARE TRYING WANNA MAKE SURE ABOUT THE MARKETING AND COMMUNICATION. WITH THAT? ARE THERE OTHER ITEMS ANYONE ELSE WOULD WANT PRIOR TO THE I THINK YOU'RE. IT'S GONNA BE VERY DIFFICULT, MAYBE IMPOSSIBLE TO DO. TO EXPLAIN. IN A FEW BULLET POINTS ON BASE. WHAT WHAT BOB JUST EXPLAINED AS TO WHY WE NEED TO KEEP. THAT'S WHAT THIS GUY IS GOING TO HAVE TO DO. WHY WE NEED TO KEEP THE RATE WHERE IT IS. IN HAVOC CESS FUNDS. THAT WILL BE USED FOR CAPITAL PROJECTS. WHAT WE NEED TO DO THAT IN LIEU OF REDUCING THE RIGHT BECAUSE BAD 10 YEARS FROM NOW WE'VE GOT TO HAVE THAT CAPACITY. TO PAY FOR PROJECTS IN PLACE. THE ONE THING THAT MADE THE MOST TO ME IS LOOKING AT THAT ONE TERM WHERE WE WENT, WE TOOK THE THREE CENTS OFF THE M AND O ADDED TO THE DEBT RATE AND LOOK AT WHAT WHERE THAT PUTS US RIGHT RIGHT NOW. NOW THAT'S NOT A PRETTY PICTURE, SO THAT'S A CHALLENGE. MAY HAVE TO HELP US. RIGHT. ALSO, I THINK OBSERVER LAST TWO. SOME OF THE CAPITAL PROJECTS PRIORITIES WERE NOT READY. THEY WEREN'T DONE. AND MAYBE THERE WAS CHANGES MADE. FUTURE DATE AND I KNOW YOU WANT SO I THINK BE SUPER CLEAR. UNIFIED ON WHAT THOSE ARE. THE RATE MAY NOT BE GOING DOWN, BUT WE'RE ALSO THIS IS WHY WE'RE GETTING BRINGING PRIORITIZED PROJECTS BECAUSE THAT'S WHAT PEOPLE WANT THEY WANT. THEY WANT US TO DO THE PROJECTS AND I KNOW LIKE YOU MENTIONED WE HAVE HIGH STANDARDS HERE. UM PEOPLE WANT TO DRIVE ON NICE, RIGHT? SAY A WIN. THEY'RE NOT GETTING THE RATE INCREASE, AND THEN IT DOESN'T APPEAR THAT WE'RE MOVING FORWARD ON THE ROAD. THEY USE THEIR ROAD THERE RODE THEIR THEIR HOME ROUTE OR WHATEVER, AND IT'S ALSO SHOWN IN A
[02:05:03]
SCHEDULE. RECIPROCATED, BUT ALSO UNDERSTANDING THAT EVERY WHILE WE EVEN PLANNED FOR WORK. EXTRAB , AND I THINK IT'S ALSO IMPORTANT TO THINK JOB. INTER BETTY ALSO THANK YOU BEHIND THE SCENES, SO THANK YOU. LEAVING GETTING MARRIED. YOUR CREDIT TIME WITH YOU FIVE MINUTES TO REALLY TRY AND A HALF HOURS. I'LL TRY TO KEEP YOUR BREATHING. I KNOW EVERYONE RECEIVE.STANDARD C I P SUMMARY SPREADSHEET THAT SHOWS ALL THE PROJECT. LOOKING OUT THE MAIN SYSTEM. THE MAIN THING I WANTED TO ACCOMPLISH TONIGHT WAS REALLY THE FIRST THING GO OVER THE CURRENT PROJECTS THAT WE HAD THAT ARE CONSTRUCTIONS GIVE YOU A QUICK OVERVIEW OF HOW THE MAJOR PROJECTS THERE AND THE SECOND THING JUST GIVE YOU WHERE WE ARE ON OUR DRAFT PAR CAPITAL PROJECTS THAT WE'RE GOING TO BE PROPOSING FOR ADOPTION IN THE 22 23. YEAH. SO YOU SAW THE SLIDES . THE FIRST LIED TO HERE IS JUST, YOU KNOW. SHOWING ESSENTIALLY ALL THE CURRENT CAPITAL PROJECTS. IT'S JUST MEANT TO REALLY SHOW THAT AS YOU'RE ALL AWARE, THERE'S A LOT GOING ON, AND THERE'S A LOT THAT TOUCHES ALMOST EVERY CORNER OF TOWN, SO I THINK IT'S JUST IS ALWAYS A GOOD DEPICTION TO SHOW HOW MUCH HOW MUCH AND WHERE. UH THE TOWN IS DOING NOT JUST THE TOWN BUT ALL OF OUR OTHER REGIONAL PARTNERS. AS FAR AS GETTING A HIGH LEVEL AND THE DESIGN WE TALKED ABOUT 13 85. WE'LL START FROM THE WEST KIND OF MOVIES TALKING ABOUT 13 85 THE OTHER DAY AND COUNCIL WITH TEXTILE DESIGN THAT PROJECT DID HIGHLIGHT PARVIN. YOU SEE THERE ON THE NORTH SIDE, WHILE IT'S NOT CURRENTLY OF THE TOWN PROJECT ON OUR C I P THIS YEAR, UM FLYING IS TAKING THE LEAD THERE WITHIN COUNTY TO WORK ON THE SCHEMATIC DESIGN OF THAT PROJECT. AS WE CONTINUE MOVING TO THE EAST TILL TILL THE 3 82 FISH TRAP PROJECT THAT WAS ONE OF THE ACCELERATED PROJECTS. PERMANENT DESIGN. NOW WE'RE 60% WITH THAT PROJECT UNDER DESIGN.
CONTINUING MOVING TO EAST. WE HAVE THE LEGACY PROJECT THAT'S UNDER DESIGN FROM PRAYER TO FISH TRAP, BELIEVE WE'RE 30% COMPLETION OF THE REVIEW. FOR THAT PROJECT. AH! COURSE WE HAD THE NTT NTT A. WITH THE MAIN LANES OF THE DALLAS TOLLWAY. GOT SOME ADDITIONAL STREETS IN THE DOWNTOWN WITH COLEMAN. WE GOT THE GORGEOUS MCKINLEY CONNECTION THERE THAT'S BEING DONE WITH THE LIVE DEVELOPMENT. ABOUT FIRST STREET DNT COLEMAN INTERSECTION AT THE LAST COUNCIL MEETINGS.
THAT DESIGN IS CONTINUING. YOU'LL SEE SOMETHING ON THE COUNCIL MEETING IN TWO WEEKS.
SOME SOME CHANGE. CONTRACT AMENDMENTS TO MOVE THE FURTHER DESIGNED FOR THAT PROJECT, AS WELL AS RIGHT AWAY ACQUISITION AND COMBINATION AUTHORITY FOR THAT PROJECT. WE HAVE THE CORRECT STREET PROJECT. YOU SEE THERE THAT'S UNDER DESIGN. AND IN THE ON A PRESTON ROAD. WE HAVE THE HIGHLIGHT OF THE TWO INTERSECTIONS FOR THE DESIGN OF EXPANDING TO GET TO DO A LEFT TURN LANE. WE HAVEN'T INITIATED THE DESIGN CONTRACT YET. WE DO HAVE THE FUNDING FOR THAT.
CURRENTLY IN THE C I P. WE'RE JUST WAITING ON THE TEXT DOT SINCE WE DO HAVE A GRANT THROUGH NORTH CENTRAL TEXAS COUNCIL GOVERNMENTS. THAT'S TIED TO TEXTILE. WE'RE JUST WAITING ON THEM TO GIVE US THE ADVANCED FUNDING AGREEMENT. ONCE THEY GIVE US THAT WE CAN KICK OFF AND PROVE THAT AGREEMENT AS WELL AS THE CONTRACT TO START THAT. TO THE EAST OF THAT, OF COURSE, COIT ROAD IS CONTINUING THAT PROJECT WITH THE DESIGN. AND IN THE NORTH OF THAT THE 14 61 PROJECT, WHICH WE PASSED THE RESOLUTION TO CONTINUE CHECKS OUT PROCEEDING WITH THAT. INTO THE SOUTH. THE DESIGNING THE REMAINING PIECE OF THE LOWER PRESSURE PLAIN WATER LINE FROM THE PUMP STATION OVER THE TWO POINT ROAD. WANT TO CONSTRUCTION IN AGAIN. JUST A HIGH LEVEL. UH WE HAVE THE G ROAD FISH TRAP PROJECT. I SAY CONSTRUCTION, BUT IT'S ACTUALLY IN BIDDING. WE ACTUALLY BUILDING THAT PROJECT THIS MONTH. AS WELL AS THE FISH TRAP ELEMENTARY TO DNT PROJECT THAT WAS MENTIONED EARLIER. THAT IS THAT'S OUT FOR BID. THIS MONTH. WELL AS THE PROSPER TRAIL LANDSCAPING AND COLEMAN LANDSCAPING PROJECT THAT'S BIDDING THIS MONTH. AND YOU HAVE CENTRAL FIRE STATION THAT'S ALREADY UNDER CONSTRUCTION. ABOUT THE 3 80 PROJECT. THE TEXT
[02:10:02]
OUTSIDE CURRENTLY DOING DIDN'T COUNTY. PARKS IS WORKING ON THE 3 80 GREEN RIBBON PROJECT. THE MEDIA LANDSCAPING THERE. FRONTIER PARKWAY TO COLLEGE, DOING A GREAT JOB MAKING GREAT PROGRESS GETTING THAT PROJECT HOPEFULLY IT HAS SCHEDULED FOR COMPLETION. FIRST STREET TO CUSTOMER PROJECT, WHICH IS KEPT ME UP AT NIGHT FOR MANY, MANY MONTHS NOW IS WE WILL OPEN THE BIDS ON THAT. AND LIKE BOB MENTIONED THAT ONE WAS TWO MILLION OVER BUDGET. LUCKILY WE DID HAVE AN AGREEMENT WITH THE SCHOOL DISTRICT. WHERE THEIR FUNDING THEIR IMPROVEMENTS IN FRONT OF THE SCHOOL, SO THEY'RE ROUGHLY ABOUT 1.1 MILLION. SO WE'RE A LITTLE OVER A MILLION DOLLARS OVER THE BUDGET. BUT THE GOOD NEWS IS FOR US. OUR BUDGET WAS IT WAS AN EXCESS OF THE ENGINEERS ESTIMATE AND UNFORTUNATELY, ENGINEERS ESTIMATE WAS 30. BECAUSE OF 3% OF YOU. SO, LIKE I SAID, WHILE WE FEEL. BACK IN MARCH, WHEN WE PRESENTED JUST THE VOLATILITY OF THE MARKET. NO WE KNEW THAT THERE WAS GOING TO BE SOME INCREASE IN AND THESE CONSTRUCTION PROJECTS AND EVEN EVEN THE FOR US ON THE BUDGET SIDE OF HAVING A LITTLE BIT OF CUSHION AND LOOKING AT FORWARD IN OUR BUDGETS, AND WE WERE WE WERE SHOCKED AND WE OPENED UP FIRST STREET LAST WEEK AND SEE ROUGHLY THEY HAD ENGINEERS ESTIMATE OF 15 MILLION. WE HAD A BUDGET OF 18 MILLION IN THE LOWEST BID JUST WAS OVER 20. IF YOU RECALL ONE OF THE ONE OF THE METRICS THAT WE DID PUT IN THERE, AND I'LL JUST TELL YOU THAT THAT PROJECTS UNDER THAT, YOU KNOW, REVIEW RIGHT NOW AS WE CAN VALUE GOING THERE. WE HAVE THE ABILITY OF THE WAY WE DO.THE PROCUREMENT PROCESS IS WE CAN NEGOTIATE PRICE AND WE CAN LOOK AT TIME. SO WE PLAN TO DO EVERYTHING WE CAN. EVEN THOUGH THE FIRST TWO BIDDERS ARE VERY COMPETITIVE. SURE HOW MUCH MORE WE CAN KNOCK OFF OF IT, BUT WE WILL DO EVERYTHING WE CAN BRING DOWN THE PRICES. IT IS BEST.
WHAT WILL REMAIN TO BE SEEN IS WHEN WE OPEN UP JEANS, FISH TRAP THOSE PROJECTS IN THE WEST SIDE AS WELL AS FISH TRAP ELEMENTARY TO DNT AND LIKE I SAID, THE PLAN FOR THOSE IS ALL THOSE BIDS WILL BE COMING IN THIS MONTH. WE'LL REGROUP WITH BOB AND THE FINDING ITS TEAM AT THE END OF THIS MONTH TO SEE WHERE PROJECTS TO SEE. LOOKING FORWARD TO THE 22 23 PROJECTS. AND THIS IS RIGHT NOW THAT YOU KNOW WHAT WE'VE GOT SLATED AS THE DRAFT PROJECTS. AT OUR FIRST STREET DNT PROJECT.
WE'VE GOT MONEY IN THEIR PROPOSED FOR THE RIGHT AWAY ACQUISITION AS WELL AS THE CONSTRUCTION PROJECT. WE GOT ON A ROAD FIRST TO FRONTIER. QUESTION MONEY FOR THE RIGHT AWAY ACQUISITION OF THAT PROJECT. DEPENDING ON WHAT DOES SHAKE OUT OF NO CALLING. COUNTY HAS ANNOUNCED THAT THEY'RE, UH, THIS YEAR GOING TO DO THEIR CALL FOR PROJECTS. SO ARGENTINIANS COME TO COUNCIL AND THAT WOULD BE A PROJECT. QUEST. APPROVAL FROM THE COUNCIL TO SUBMIT IT.
SO THAT IS A POTENTIAL PROJECT THAT COULD HAVE SOME CONSTRUCTION DOLLARS LATER THAT WE WOULD REQUEST FOR THAT. I BELIEVE WE QUALIFY FOR 70% 30. DISSIPATION ON THERE. WELL, THEY WOULD PAY 70. WOULD BE 30. BUT WE ALSO HAVE TO LOOK BECAUSE I ONLY HAVE A CERTAIN POT OF MONEY. BELIEVE IT IF WE ASKED FOR 100% OR EXCUSE ME 30% OF OUR ENTIRE PROJECT, WE MIGHT EVEN BE AT THEIR HOME BEAT UP THEIR WHOLE. ISSUE AND SO WE'LL HAVE TO WORK OUT SOME STRATEGY ON HOW WE WANT TO REQUEST THAT GET THE MOST POINTS FOR THE FRONT. THE PRESS ROAD, FIRST STREET AND ROAD PROSPER TRAIL. THOSE DUAL TURNS I MENTIONED EARLIER. THESE ARE THE PHONES FOR THE CONSTRUCTION. THAT WE HAVE A PROJECT COIT AND US 3 80. YOU MAY HAVE SEEN THIS ONE. WE'VE GOTTA REQUESTED DATA DESIGN AND CONSTRUCTION. THE SECONDARY SOUTHBOUND. TWO EASTBOUND COLONEL. SO WE HAVE A TRAFFIC. CONTROL COMMITTEE THAT WE MEET INTERNALLY MADE UP OF STAFF.
VARIOUS ISSUES THAT WE SEE AROUND TOWN AND THIS ONE HAS BEEN ONE THAT'S BEEN A ISSUE FOR SOME TIME. WE'VE WORKED WITH FRESCO TO TRY TO REALLY MILK AS MUCH AS WE COULD OUT OF THE TRAFFIC SIGNAL THERE. AND ULTIMATELY, THE RECOMMENDATION IS TO GO AND PUT A SECONDARY LEFT TURN LANE THERE THAT THE INTERSECTION RECOMMENDING THAT COULD BE IN THE CIA. GOT HER LAST PAYMENT OF 14 61. THIS IS THE 175,000 FOR THE OUR PORTION OF THE RIGHT AWAY AND UTILITY RELOCATIONS. WAS THE THIRD YEAR. THIS IS OUR FINAL YEAR FOR PAYMENT OF THAT. NEVER TO COLEMAN PROJECTS FOR THE LAND ACQUISITION FOR THAT PROJECT, THOSE TWO PROJECTS. NEXT PROJECT
[02:15:03]
IS PART OF IN 13 85 TO THE LEGACY. WE HAVE PROPOSED. THIS ONE MAY BE DISCARDED, DISCUSS FURTHER WITH THE COUNCIL MENTIONED THAT SELENA AND THE COUNTY OF REALLY JUMPED OUT AHEAD TO WORK ON THE SCHEMATIC DESIGN OF PARDON. AND THIS IS THE SLANTED COURSES REQUESTED THAT THE TOWN PARTICIPATE A THIRD AND THAT SCHEMATIC DESIGN AND THIS IS 800,000 REPRESENTS.OUR PARTICIPATION. THIRD OF A PROPER PARTICIPATION. THEMATIC DESIGN AND ENVIRONMENTAL OF THAT. YES, SIR. SOUTHBOUND. I PROBABLY LOVERS DOING YEAST FOR TWO LANES. IT'S ALREADY TWO LANES TURN. SELF AND LOVERS. PUMPS ARE POINT LOVERS. I'M SORRY CALLING AT 3 80, OKAY? THANK YOU. GORGEOUS MCKINLEY TO COLEMAN. THAT PROJECT WE'VE ADDED IS THE. WITH THE LIVE DEVELOPMENT, YOU KNOW THAT THEY'RE BUILDING MCKINLEY, AND THEN THEY'RE TAKING GORGEOUS OVER TO COLEMAN. PART OF THAT PROJECT COURSE THEY ARE GOING TO BE USING THE IMPACT FEES TO BUILD THAT PROJECT, BUT WE ALSO KNOW THAT WE'RE GOING TO BE LOOKING AT SOME LAND ACQUISITION ON THE GOODWILL TRACKS OVER ALLOCATING DOLLARS AND THEY SEE ON TV. THE NEXT ITEM IMPACT ANALYSIS YOU'LL SEE. WE HAVE TO DO THAT EVERY FIVE YEARS FOR APPROACHING THE SIX YEAR MARK, SO FUNDED. IT'S A THREE WAY SPLIT 100,000 EACH OUT OF OUR STREETS. ANOTHER $100,000.
YOU'LL SEE HOW THE WATER ANOTHER 100,000 OUT OF OUR WASTE. SO THE YEAH. IMPACT BE. IT'S OUR CAPITAL IMPROVEMENT PLAN IMPACT THE ANALYSIS. SO WHAT WE DO IS LIKE SAID EVERY FIVE YEARS, THE LOCAL GOVERNMENT CODE REQUIRES YOU TO GO THROUGH. DO YOUR THOROUGHFARE PLAN. LOOK AT YOUR CAPITAL PROGRAM AND AS WELL AS YOUR WATER, WASTEWATER CAPITAL. AND THEY CAPTURE YOU KNOW THE INFRASTRUCTURE ON THAT PLAN, AND THEY LOOK BACK AND SEE HOW MUCH HAVE YOU SPENT ON IT? AND THEN HOW MUCH DO YOU PLAN? 10 YEARS. AND THEN A DO CERTAIN CALCULATIONS TO SAY. UH HOW MUCH CAN WE CHARGE FOR IMPACT? THESE TO THE DEVELOPERS TO HELP RECOUP THAT THERE'S A CERTAIN PERCENTAGE YOU CAN CHARGE. BUT YOU HAVE TO DO THAT. YOU HAVE TO REFRESH IT EVERY EVERY FIVE. SO YOU CAN DO YOUR THOROUGHFARE PLAN. YOU CAN DO YOUR STREETS, YOUR MAJOR WATER AND THE MAJOR WAY. CATTLE IMPROVED. BUT IN THAT OTHER FUNDING COLUMN AND I WAS GOING TO TOUCH ON THAT AT THE END HERE, SO THE OTHER FUNDING COLUMN IS WE CAN USE THE IMPACT THE FUN DOLLARS TO ACTUALLY PAY FOR. THE LAST TIME WE HAD A NERVOUS WORKING WITH TEXTILES. THERE'S NON FUNDING YOU SEE COUNT COLUMN. TEXT OUT. WE'VE GOT THEIR APPROVAL AND THEY'RE DESIGNING AND YOU CAN CONSTRUCT A SIGNAL AT CUSTOMS FIRST STREET. MM RIGHT NOW ON THE STREETS WE'RE LOOKING AT JUST OVER 22 MILLION OF THAT. WE TALKED ABOUT THE DEBT. WHAT THAT LOOKS LIKE ON THE STREETS. IT'S A LITTLE OVER 18 MILLION THE OTHER FUNDING IS JUST UNDER THREE MILLION. MAJORITY OF THOSE , I THINK, BELIEVE ALL OF THOSE ARE USING THE OTHER FUNDING SOURCES OF MEDIA IMPACT PEOPLE.
RESOURCES THERE TO OFFSET SOME OF THAT. AND THEN THE NON FUNDING. COLUMN AND SEE THE 640,000 REPRESENTS THE GRAND FOR THE TURN LANES. IN THE 500,000 I MENTIONED THAT'S A THAT'S A TEXT DOT COST. WITHIN THE BUILDING. ANY QUESTIONS ON THE STREETS BEFORE THE NEXT LINE. FIRST RETOLD WAY TOO COMMON SO THAT ONE WILL PROBABLY BE BE LATER IN THE PHYSICAL YEAR, SO WHEN WE GET THE FUNDS APPROVED, IT'S OCTOBER ONE, THE PRIORITY WILL BE THE RIGHT AWAY. AND WE DO KNOW THAT'S GOING TO BE SOME UM, PROBLEMATIC PROPERTIES. OF. WELL, THAT I THINK IN THAT CURRENTLY, THAT WOULD BE IF YOU DID IT ON AN ANNUAL BASIS THAT DEBT WOULD BE SOLD AUGUST OF 23.
SO YOU WOULD DO LIKE WE'VE DONE IN THE PAST. YOU DO THE REIMBURSEMENT RESOLUTION. SO SIMILAR LIKE G FISH TRAP. NO THE ACTUAL THERE'S QUITE A FEW PROJECTS THAT THEY'RE GETTING
[02:20:09]
LIKE THE FISH TRAP PROJECT. THE FIRST THREE PROJECT THAT WE'RE GETTING READY TO AWARD. THAT THAT'S GETTING READY TO SELL AND AUGUST SO WE'RE ACTUALLY THOSE WILL BE AWARDED BEFORE. BUT WE HAVE THE REIMBURSEMENT RESOLUTION. ANY QUESTIONS ON THE STREET. PARK PROJECTS. WE HAVE A COUPLE THERE. YOU HAVE 200,000 OF OTHER FUNDING FOR JUST A CONTINUATION WITH THE DEVELOPER . I BELIEVE THEY'RE USING THE PARK IMPROVEMENT FEES THAT THEY HAVE THROUGH DEVELOPMENT AGREEMENT TO CONTINUE. I COULD BUY TRAILS AND START TRAIL DEVELOPMENT. AND THEN A 800,000 OF DEBT FUNDING. DO. CONTROL CONNECTIONS OUT ON THE WEST SIDE. SUICIDE. FACILITY PROJECTS . JUST ONE MAJOR PROJECT WE CHIEF IN THE POWER STATION NUMBER FOUR. HE HAD 600,000 ALREADY ALLOCATED THE PRIOR YEAR FOR THE DESIGN. THIS IS THE 7.4 MILLION ON TOP OF THAT FOR THE CONSTRUCTION AND THE ADDITIONAL DESIGN. THERE IS A 23. SO BEFORE. THEN ON WATER PROJECTS, EVEN THOUGH THERE IS A DEBT FUNDING COLUMN. IT IS A SEPARATE THAT'S HOW THE ENTERPRISE FUND SO WE'RE SHOWING THE CONSTRUCTION OF OUR 12 INCH WATERLAND RELOCATION PROJECT LONG 14 61 NOW THAT THAT'S MOVING ALONG. WE SHOW OTHER TOWN FUNDING BECAUSE THERE WILL BE A LARGE PERCENTAGE OF THAT WILL BE REIMBURSED BY TEXTILE. WARLORDISM EASEMENTS. SIMILAR TO WHAT WE DID WHEN WE DID THE CUSTOM ROAD WATERLINE RELOCATION . SO WHY IS THAT NOT NON TOWN? WILL THERE BE A PORTION OF IT WILL BE TOWN. OTHER FUNDS. I THINK WE'RE USING THE WATER RIGHT NOW. WATER AND WASTE WATER FUND. TO FUND IT. WE DO PROBABLY NEED TO BREAK IT OUT TO SHOW WHAT THAT PERCENTAGE IS. BREAK THAT UP. CURRENT. WE WILL HAVE TO FUND IT IN. YES. GIVE ME A FIRST LATER. BUT I THINK CAVEAT IN THERE JUST TO CLARIFY WITH THAT PERSON. AND THEN ON THE OTHER PROJECT IS THE DNT. FRONTIER THIS IS THE 12 INCH WATERLAND GOING FROM PROSPER TRAIL AFTER FRONTIER PARKWAY TO PAIR THE REALLY GOOD CORNER OF DNT IN FRONTIER FOR DEVELOPMENT.I'M CURRENTLY UNDER DESIGN. THIS IS WHAT WE ANTICIPATE. EASEMENTS. AMERICAN STRUCK.
HASN'T MENTIONED THIS IS THE ANOTHER THIRD FOR THE IMPACT THE ANALYSIS. ON THE WASTEWATER PROJECTS WE ARE LOOKING AT. WORKING WITH THE OPPORTUNITY REGIONAL WATER DISTRICT TODAY ARE MAKING SOME PROGRESS ON MOVING FORWARD WITH THE DESIGN. OF A SECONDARY WASTEWATER INTERCEPTOR FROM THE DOUGH BRANCH WASTEWATER TREATMENT PLANT OUT WEST. AND RUNNING OUT THAT UPDOS BRANCH CREEK. YOU'RE ANTICIPATING OR PARTICIPATION WILL BE ON THE DESIGN AND CONSTRUCTION. OF THAT LINE. THE NEXT PROJECT, THE UPPER DOUGH BRANCH WASTEWATER TREATMENT.
THIS IS OUR VOICE WATERLINE. EXCUSE ME. THIS IS GOING FROM TEAL TO THE PSD STADIUM. THIS IS THE LINE THAT WE CURRENTLY HAVE UNDER UNDER DESIGNED. DOLLARS HERE OR WHAT WE ANTICIPATE FOR CONSTRUCTION, SO WE HAVE A LITTLE BIT OVER FOUR MILLION OF DEBT FUNDING. THE OTHER TOWN FUNDING HERE. 25,000 IS ACTUALLY ESCROW THAT WE RECEIVED FROM THE DEVELOPED STATION AT ON LEGACIES. SOME MONEY THERE TO REMOVE THAT LIP STATION. THE NEXT PROJECT THAT WILSON QUICK CREEK WASTEWATER LINE. THE DESIGN AND CONSTRUCTION OF THIS IS THE WASTEWATER LINE THAT WILL SERVE FIRE STATION. FOUR AS WELL AS THE PARK FACILITY. COMPLEX THERE NEXT TO THE FATIGUE PROPERTY. DESIGNED ALSO. CURRENTLY DON'T HAVE. $9 AND CONSTRUCT. AND THEN THE LAST PROJECT IS THE REMAINING 30. HE NEEDS FOR THE. ALL FINAL PRICE. GREAT.
[02:25:06]
YEAH, WE, UH, WE HAVEN'T WORKED OUT ANY AGREEMENT. IN THE PAST. WE ALSO YOU. FUNDING. FORCE MINT, SO WE ALLOWED TO FOURTH. SO WITHOUT THE DEVELOPMENT AGREEMENT IN PLACE. NATION.THANK YOU. WITH THAT SAID, UH, DO YOU WANT TO THANK HARLAND? AND DO YOU HAVE ANYTHING ELSE? NOTE. UH YEAH, REALLY APPRECIATE BOB SCOTT AND HIS TEAM AS WELL AS HUMAN, HIS STAFF PUTTING THOSE TOGETHER I THINK THEY DID THE ROAD JOB. GUESTS GATES. GREAT GREAT DIRECTIONS, SO WE HAVE SOME SPEAK. VERY MUCH AND THANK YOU TO THE DEPARTMENT. PARTICIPATED IN THAT. WITH THAT, THEN? THE TOWN COUNCIL WILL NOW RECESS INTO CLOSED SESSION AND COMPLIANCE WITH SECTION 551.1.
IN COURT WITH TEXAS GOVERNMENT CODE IS AUTHORIZED BY THE TEXAS OPEN MEETINGS ACT TO DELIBERATE THE FOLLOWING SECTION 551087 TO DISCUSS AND CONSIDER ECONOMIC DEVELOPMENT SENATOR ALL MATTERS INCIDENT AND RELATED THERE TO SECTION 551.7251. TO DISCUSS AND CONSIDER THE PURCHASE EXCHANGE LEASE OR VALUE OF REAL ESTATE PROPERTY FOR MUNICIPAL PURPOSES, AND ALMERIA MATTERS INCIDENT THERE TOO. SECTION 551074 TO DISCUSS AND CONSIDER PERSONAL MATTERS AND ALL MATTERS INCIDENT AND RELATED THERE TOO. I'M NOW IS 7 27. EXECUTIVE STAFF.
* This transcript was compiled from uncorrected Closed Captioning.