[1)CALL TO ORDER AND ESTABLISH QUORUM] [00:00:05] >> THE TIME IS NOW 5:05 AND WE'LL CALL THIS MEETING TO ORDER. FIRST BY ESTABLISHING A QUORUM. >> DANIEL DUCK WORTH. >> AMY GANDY. >> ASHLEY VAUGHAN. >> BRANDON MEYER KNOW. >> MARK HUTTON. >> AND DO WE HAVE ANY PUBLIC [3)REGULAR AGENDA] COMMENTS? >> SO MOVING ONTO REGULAR AGENDA ITEM 3A, PRESENTATION AND DISCUSSION REGARDING ACTIVITIES AND UPDATES FROM THE LIBERTY HILL CHAMBER OF COMMERCE. DO YOU HAVE -- >> I CAN HEAR YOU. IT'S JUST SOFT. >> OKAY. THERE IT IS. GOOD EVENING, BOARD. NO ONE FROM THE CHAMBER WAS ABLE TO MAKE IT TO TONIGHT'S MEETING BUT I WANTED TO GIVE ONE UPDATE. NEXT WEDNESDAY, JULY 22ND, THEY WILL HAVE THEIR MONTHLY CHAMBER LUNCHEON MEETING, BUT THIS MONTH WILL BE EXCLUSIVELY AT LEGACY RANCH HIGH SCHOOL. THEY WILL BE HOST HOSTING THE LUNCHEON THERE, GIVING A SMALL TOUR OF THE CAMPUS AND TRAVIS MODO WILL BE GIVING AN UPDATE ON THE DISTRICT AT THE LUNCHEON. SO IF ANY OF Y'ALL WOULD LIKE TO ATTEND, PLEASE LET ME KNOW AND I WILL PUT YOU ON THE ATTENDEE LIST. >> MAY BE WORTH IT. >> AT WHAT TIME? >> 11. 306789 TO 1 P.M. >> THANK YOU. >> AND I WOULD LIKE TO REQUEST BOARD, IF WE CAN MOVE ITEM 3D UP BEFORE ITEM B? >> OKAY. >> THAT COULD BE NEXT. >> COULD BE NEXT. >> OKAY, SO ITEM 3D IS PRESENTATION AND DISCUSSION REGARDING THE DOWNTOWN DISTRICT PROJECT. MR. THOMAS HUNTER. >> AND IT'S LOUD AGAIN, AWESOME. OKAY. WELL HEY, THANK YOU FOR ALLOWING US TO MOVE THIS UP. I THOUGHT IT WOULD BE KIND OF FITTING SINCE ONE OF THE OTHER ITEMS IS BUDGET FOR FY27, YOU'LL HEAR ABOUT THE DOWNTOWN DISTRICT PROJECT AND SOME OF THE POTENTIAL OPPORTUNITIES BEFORE Y'ALL ART STALKING ABOUT FY27 BUDGET, KIND OF A CART OR HORSE THING. ANYWAYS, THANKS FOR TAKING THE TIME TO LISTEN TO THIS PRESENTATION, AND I WILL PREFACE THIS BY SAYING THIS PRESENTATION WAS GIVEN TO CITY COUNCIL AND IT WAS GIVEN TO CITY COUNCIL BY A TEAM OF INDIVIDUALS. SO IF THE EXPECTATION IS THAT I'M GOING TO BE AS GOOD AS THE TEAM, I'M HERE TO DISAPPOINT. IS THAT NOT IN THERE? GIVE US A MOMENT. >> MADAME CHAIR, CAN WE HAVE A 5 MINUTE RECESS? >> SURE. >> OR CAN WE MOVE ON TO THE OTHERS AND THEN COME BACK? >> NO. >> NO? OKAY. >> JUST 5 MINUTES. THANK YOU. >> IF YOU COULD CALL THE MEETING TO A RECESS FOR 5 MINUTES. >> OKAY, WE'LL CALL THIS MEETING TO RECESS FOR 5 MINUTES. (BRIEF RECESS) . >> OKAY, WE'RE CALLING THIS [00:05:58] MEETING BACK TO REGULAR SESSION, WITH THOMAS HUNTER. >> OKAY, LET'S TRY IT AGAIN. I SAID I WAS GOING TO DISAPPOINT. I'M LIVING UP TO THE BILLING. OKAY, SO THIS PRESENTATION, WE'RE GOING TO COVER A COUPLE OF DIFFERENT THINGS, BUT I THINK IT'S IMPORTANT BECAUSE WE DON'T KNOW WHERE EVERYBODY IS AT IN TIME AND SPACE RELATIVE TO THE HISTORY OF DOWNTOWN. SO JUST A LITTLE BIT -- THERE WAS A MASTER PLAN THAT WAS ADOPTED IN 2024. THE EDC WAS ACTUALLY A PART OF THAT MASTER PLANNING PROCESS, PROVIDED CONTRIBUTION IN A COUPLE OF DIFFERENT WAYS, BUT ONE OF THOSE WAYS WAS FUNDING FOR THAT MASTER PLAN. THERE WAS A PRETTY SIGNIFICANT COMMUNITY INVOLVEMENT PROCESS, STAKEHOLDER GROUP THAT WAS IDENTIFIED, THERE WAS A BIG DOWNTOWN DAY, WORKSHOPS, ALL THOSE OTHER THINGS THAT LED TO THIS KIND OF DOWNTOWN FRAMEWORK. ONE OF THE THINGS THAT THE DOWNTOWN FRAMEWORK DID IS IT LOOKED AT THE DOWNTOWN CORE, IT LOOKED AT MAIN STREET, IT HAD A LITTLE BIT OF CONVERSATION RELATIVE TO -- I'LL USE THE WORD MOBILITY BUT WHAT ARE THE WAYS THAT PEOPLE ARE GETTING INTO DOWNTOWN. BUT IT ALSO TALKED ABOUT USES. AND REALLY TRYING TO FIGURE OUT BASED ON COMPREHENSIVE PLAN UPDATES, BASED ON WHAT SOME OF THE CONCEPTUAL MARKET TRENDS WERE AT THAT TIME IN 2024, WHAT TYPES OF USES WOULD BE IDEAL, EITHER ASPIRATIONAL OR KIND OF WHAT PEOPLE THOUGHT WOULD BE WHAT THE COMMUNITY WANTED MUCH IT WAS A VERY INFORMATIVE PROCESS WAS THE COMMUNITY WAS HEAVILY INVOLVED SO THE PRODUCT THAT CAME OUT OF IT WAS A MASTER PLAN THAT TALKED ABOUT ALL OF THOSE DIFFERENT THINGS THAT ARE LISTED THERE. AS A PART OF THAT PERSONAL SUPPORT WORKERS WE BEGAN WORK, PRETTY EARLY ON AND THERE'S A NEW IMAGE UP THERE, TO TAKE THAT MASTER PLAN AND REALLY VISUALIZE USES AND IT'S REALLY IMPORTANT THAT WE DON'T THINK NECESSARILY ABOUT THE BLOCKS THAT ARE ON THE GROUND, NECESSARILY THEIR PHYSICAL LOCATION BUT MORE THINK ABOUT THEM AS USES. PEOPLE GET REAL EXCITE WHEN HAD THEY SEE AN IMAGE, BUT THIS WAS ONE OF THE BEGINNING RENDERINGS WHEN WE WERE LOOKING AT TAKING THIS DOWNTOWN MASTER PLAN, KIND OF FOCUSING ON THE CORE PART OF DOWNTOWN. SO NOT NECESSARILY SOME OF THE OUTSIDE PIECES OF DOWNTOWN, TRANSITIONARY STOCK, YOU HAVE A LOT OF RESIDENTIAL IN THE DOWNTOWN AREA AND ANYTIME YOU'RE TALKING ABOUT THE COMMERCIAL CORE OF A DOWNTOWN YOU'VE GOT TO PROVIDE FOR THAT COMMERCIAL TRANSITIONARY STOCK THAT FEEDS INTO RESIDENTIAL, THAT'S THE VERY NATURAL EVOLUTION OF A TOWN DOWNTOWN. BUT THIS IS LOOKING AT THAT CORE SPECIFICALLY, FOCUSING ON SOME OF THE NEEDS THAT WERE IDENTIFIED PRETTY EARLY ON AS PART OF A MARKET STUDY THAT WAS EVALUATING WHAT COULD BE THE MARKET BEAR, WHAT WERE THE OPPORTUNITIES, WHAT PIECES OF LAND DID THE CITY ALREADY CURRENTLY OWN, WHAT PIECES OF LAND DID THE CITY THINK IT COULD OWN OVER TIME, AND A BUNCH OF OTHER CONSIDERATIONS THAT WENT INTO IT. AGAIN DON'T GET TOO EXCITED ABOUT THE IMAGE, IT'S CONTEMPLATING USES, NOT NECESSARILY SPECIFIC HEIGHT OR BOX PLACEMENT. SO ONE OF THE THINGS THAT THE CITY DID AS A PART OF THIS PROCESS IS IT DECIDED TO GO GET AN OTHER THAN'S REP. IF YOU LOOK AT THAT GRAPHIC ON THE RIGHT THERE'S A LOT OF DIFFERENT BUBBLES THAT EVER ALL POINTING TO DIFFERENT THINGS AND AT THE CENTER OF IT IS THE OWNER. THE OWNER BEING THE CITY. AND IF YOU'RE GOING TO MOVE A PROJECT OF THIS MAGNITUDE, IT'S REALLY IMPORTANT THAT WE REALIZE ALL OF THE SPECIFIC DIFFERENT FOLKS THAT ARE GOING TO BE INVOLVED IN SOMETHING LIKE THIS. IT'S A PRETTY MASSIVE ENDEAVOR. WHAT IS AN OTHER THAN'S REP DO? IT SERVES AS AN EXTENSION OF CITY STAFF. IT'S A LITTLE BIT DIFFERENT THAN IF YOU'RE HIRING A CONSULTANT TO COME IN AND DESIGN SOMETHING. THAT'S A VERY SPECIFIC PROCESS, WHERE WE'RE LIKE, WE NEED YOU TO DESIGN A ROAD, AND THAT ROAD SHALL BE THIS BIG AND THIS LONG AND IT'S GOING TO GO RIGHT HERE. THIS IS MORE OF A STRATEGIC [00:10:05] PARTNERSHIP. THIS IS SOMEBODY WHO IS COMING IN AND ADVISING BASED ON THE GOALS OF THE CITY. THIS ALLOWS US TO BRING IN A TEAM OF SUBJECT MATTER EXPERTS WHO HAVE VERY SPECIFIC AND TARGETED KNOWLEDGE IN HOW TO PULL SOMETHING LIKE THIS OFF. AND WE'LL DISCUSS THAT TEAM IN A LITTLE BIT THAT COUNCIL APPROVED AND WHY THEY WERE SO HEAD AND SHOULDERS ABOVE EVERYBODY ELSE WHEN WE WENT THROUGH THE RFQ PROCESS. BUT ALSO MAKE SURE THAT WE'RE LOOKING AT EVERYTHING CRADLE TO GRAVE. SO WE'RE LOOKING AT INFRASTRUCTURE AND ENTITLEMENTS AND ALL OF THE DIFFERENT THINGS THAT CAN PLAY INTO A SIGNIFICANT DOWNTOWN PROJECT, ESPECIALLY WHEN THERE'S REDEVELOPMENT INVOLVED. AND THEN AGAIN, NONE OF THIS IS POSSIBLE WITHOUT LOOKING AT ALL OF THE FULL MARKET ANALYSIS ALL ALONG THE WAY. THERE'S TOO MANY EXAMPLES OUT THERE OF COMMUNITIES THAT HAVE TRIED TO BUILD SOMETHING THAT THE MARKET WAS NEVER GOING TO BEAR. SO THOSE THINGS WILL SIT VACANT OR THEY'VE OVERPLANNED OR IN SOME CASES THEY'VE UNDERPLANNED, RIGHT. WE'RE JUST CHANGING THE GRAPHIC HERE TO SHOW THAT WHEN YOU BRING IN AN OWNER'S REP OR PROJECT MANAGER, YOU'RE ALLOWING THAT PERSON TO TAKES THE REINS ON ALL OF THOSE DIFFERENT SUBDISCIPLINES, MAKING IT A LOT EASIER FOR YOU TO ESTABLISH GOALS AND MAKE SURE THAT THOSE PROJECTS STAY ON TIME. IF YOU CAN IMAGINE HOW MANY CONTRACTS WE WOULD HAVE IF WE HAD TO HIRE ALL THOSE PEOPLE INDIVIDUALLY, IT WOULD BE KIND OF INSANE. SO WHAT WAS APPROVED THE OTHER NIGHT WAS THIS SCOPE, WHICH REPRESENTS PHASE 1 OF A THREE-PHASE PROCESS -- OR PROJECT, SORRY. THERE'S A LOT OF WORDS ON THIS THING. I WILL TELL YOU LARGELY WHAT THIS DESCRIBES IS PHASE 1 BEING -- TAKING AN IDEA, A CONCEPTUAL IDEA, A FRAMEWORK OF A MASTER PLAN AND WORKING IT ALL THE WAY UP INTO THE SELECTION OF A PUBLIC-PRIVATE PARTNER. AND A LOT OF PEOPLE WOULD REFER TO THAT IN SOME CASES AS LIKE A MASTER DEVELOPER. SO THIS IS ALL OF YOUR ENTITLEMENT RELATED ISSUES, LAND ACQUISITION, EASEMENTS, FIGURING OUT WHO OWNS WHAT. ANY SORT OF ARRANGEMENTS THAT YOU NEED TO HAVE WITH LANDOWNERS. PLANNING FOR A LOT OF THE RESOURCES THAT ARE GOING TO BE NEEDED TO PULL THIS OFF, MARKET ANALYSIS, PUTTING TOGETHER A FINANCIAL PACKAGE AND PLANNING FOR WHAT SORT OF BUCKETS ARE WE GOING TO USE TO BE ABLE TO PAY FOR SOMETHING LIKE THIS? UNDERSTANDING THAT THE MAJORITY OF THE COST WILL BE BORN BY THE PRIVATE SECTOR. ALL OF THOSE THINGS CAN GET INCREDIBLY COMPLEX, NOT NECESSARILY COMPLICATED, THERE'S A LOT OF MOVING PIECES, TOURIST DISTRICT, ALL SORTS OF THINGS. SO THAT IS WHAT THE FIRST PHASE OF THIS PROJECT GOES OVER. THE GROUP THAT WAS APPROVED, MS. GRIFFIN [INDISCERNIBLE] I WILL GO QUICKLY THROUGH THIS PORTION BECAUSE I DO NOT REPRESENT GRIFFIN-SWINGERTON BUT IT IS SUMMED UP TO SAY THIS IS A PLETHORA OF EXPERIENCE IN DOING THIS. THEY HAVE PULLED OFF A LOT OF SIGNIFICANT PROJECTS AND ARE VERY WELL POSITIONED. THEY ARE A MULTIFACETED TEAM, AND SO THEY NOT ONLY REPRESENT AS A DEVELOPMENT PARTNER BUT THEY DO SIGNIFICANT DEVELOPMENT WORK. THEY ALSO HAVE A GENERAL CONTRACTING ARM AS WELL AS A FACILITY SOLUTIONS ARM. SO WHEN THEY ARE LOOKING AT A PROJECT, THEY ARE SEEING IT FROM MULTIPLE ANGLES, WHEREAS SOMETIMES WHEN YOU BRING IN KIND OF A MORE TRADITIONAL CONSULTANT, THEY LOOK AT IT FROM THEIR DISCIPLINE AND NOT NECESSARILY THE FULL LIFECYCLE OF THAT PROJECT. THEY'RE JUST SHOWING YOU THAT THEY GET AROUND. HERE IS A COUPLE OF EXAMPLES OF SOME PROJECTS THAT THEY HAVE RECENTLY DONE. OBVIOUSLY, ROULETTE, MCKINNEY AND SALINA, A LOT OF PROJECTS IN THE DFW AREA, THE SAN ANTONIO AREA, THEY HAVE A FULL LIST OF ALL OF THESE THINGS THAT THEY CAN KIND OF GO THROUGH AND DO A PRETTY GOOD JOB DISCUSSING. SO HERE IS THE IMAGE THAT WE HAD A LOT OF CONVERSATION ABOUT. I'M GOING TO ORIENT YOU A LITTLE BIT. SO THE BUILDING ON YOUR RIGHT, WHICH AGAIN IS HIGHLY CONCEPTUAL, WOULD BE RUNNING ALONGSIDE 1869. THE BUILDING FAR OFF TO YOUR LEFT, RIGHT, WOULD BE KIND OF RUNNING PERPENDICULAR TOWARDS 1869. AND THEN IF YOU LOOK AT THAT LITTLE PLAYESCAPE, THAT'S KIND OF AS YOU'RE HEADING BACK TOWARDS MAIN STREET. SO JUST TO GIVE YOU A LITTLE BIT OF ORIENTATION. THIS IMAGE IS NOT TO SCALE. SO IT'S KIND OF HARD TO DEPICT CERTAIN PIECES OF IT. BUT WHAT IT'S MEANT TO DO IS TO REPRESENT TYPES OF USES. SO YOU'VE OBVIOUSLY GOT SOME RETAIL COMPONENT GOING ON. YOU CAN SEE A LOT OF GREEN SPACE, A LOT OF COMMUNITY [00:15:05] GATHERING SPACE. THERE'S A LITTLE RENDITION OR RENDERING OF A PAVILION THERE, REPRESENTING THE NEED FOR AN ABILITY TO ACTIVATE WHAT A LOT OF PEOPLE TALK ABOUT AS A TOWN GREEN OR AN AREA WHERE THE COMMUNITY CAN GATHER. THE BUILDING THAT YOU SEE IN THE BACK IS ENVISIONED TO BE A MUNICIPAL COMPLEX FOR THOSE OF YOU WHO ARE NOT AWARE, THE BUILDING THAT YOU'RE SITTING IN IS ONE OF 12 HOUSES THAT THE CITY OWNS. SO WE PLAY MONOPOLY HERE IN RIVERDALE. THE INTENT IS THAT WE NOT ONLY GET AWAY FROM OWNING ALL OF THOSE DIFFERENT PIECE OF PROPERTY AND PAYING FOR, YOU KNOW, TEN OR 12 DIFFERENT POWER SYSTEMS AND ALL OF THAT TYPE OF STUFF, BUT THAT WE CREATE A CENTRALIZED LOCATION WHERE WHEN SOMEBODY WANTS TO COME DO BUSINESS WITH THE CITY, THEY CAN DO THAT IN A ONE STOP SHOP. WE'VE HAD CONVERSATIONS, FOR EXAMPLE, WITH COMMUNITY PARTNERS ABOUT BEING A PART OF THAT MUNICIPAL COMPLEX. I HAVE HAD CONVERSATIONS WITH YOUR STAFF ABOUT THE EDC BEING A PART OF THAT COMPLEX. THAT'S A CONVERSATION FOR ANOTHER TIME. BUT OBVIOUSLY, THAT'S OUR VISION, IS THAT WE CREATE A PLACE WHERE IF SOMEBODY WANTS TO COME DO BUSINESS, THEY CAN WALK IN AND HAVE A CONVERSATION WITH THE EDC OR CITY ATTORNEY'S OFFICE OR THE CHAMBER, WHOEVER IT IS THAT THEY WOULD BE ABLE TO COME AND GET ALL OF THEIR NEEDS ADDRESSED IN ONE PLACE. UNFORTUNATELY, WE DON'T ENVISION BRINGING THE WASTEWATER PLANT OVER THERE WITH US. PEOPLE DON'T LIKE TO HANG OUT THERE AND PUBLIC WORKS WANTS TO STAY AT THE PLANT SO CAN'T DO THAT. ONE OF THE PRETTY INCREDIBLE THINGS THAT WE HAVE BEEN DISCUSSING IS AN ABILITY TO INTEGRATE SMALL BUSINESS INCENTIVIZATION AND PRIORITIZING OUR LOCAL BUSINESSES AS A PART OF THIS PROJECT. SO WHILE THERE ARE A PLETHORA OF OTHER ELEMENTS AND BUILDINGS THAT WE ENVISION AS A PART OF THIS PROJECT, WE'RE JUST SHOWING YOU A LITTLE CLIP OF IT. FIRST FLOOR OF THE MUNICIPAL COMPLEX, WE ARE ENVISIONING HAVING PRETTY SUBSTANTIAL AMOUNT OF RETAIL ON THAT FIRST FLOOR, THAT WE COULD PRIORITIZE FOR SMALL AND LOCAL OWNED BUSINESSES TO COME BE A PART OF THAT COMPLEX. A LOT OF DETAILS TO WORK OUT AS TO WHAT THE SPECIFICS WOULD BE THERE. BUT THAT IS THE VISION. SO THAT YOU COULD CONTINUE TO POUR IN KIND OF THIS INTEGRATION OF LOCAL GOVERNMENT AND SMALL BUSINESS AND COMMUNITY. THIS IS ANOTHER RENDERING, KIND OF TAKES YOU GROUND LEVEL, KIND OF GIVES YOU SOME SCALE OF WHAT THIS WOULD FEEL LIKE FROM THE HUMAN ELEMENT SIDE, LOOKING BACK TOWARDS THE MUNICIPAL COMPLEX WITH THAT BUILDING THAT FRONTS 1869 ON YOUR RIGHT THERE. AGAIN ENVISIONING TYPES OF USES. I DON'T KNOW THAT THAT'S THE EXACT JENGA SET THAT WILL BE THERE ONE DAY. AND THEN THIS PIVOTS YOU OVER AND PLACES YOU ON THE ENTRANCE TO THE MUNICIPAL COMPLEX WITH THAT KIND OF RUNNING PERPENDICULAR INTO 1869. AGAIN JUST KIND OF LOOKING FOR THAT FEEL, GIVE YOU A SENSE OF WHAT'S GOING ON THERE. THERE ARE A LOT OF COMPONENTS TO THIS PROJECT. AND THE REASON THAT WE PUT THIS SLIDE HERE IS THAT YOU CAN KIND OF GET A SET OF WHAT A ROUGH TIME LINE WOULD LOOK LIKE FOR THIS PROJECT. SO WE'RE HERE TODAY, JULY 2026, THE PREDEVELOPMENT PHASE, WHICH IS PHASE 1 REALLY IS LOOKING AT THAT KIND OF SPRING 2027 TIME LINE. AND THEN YOU CAN SEE THAT IF EVERYTHING WENT ALL THE WAY AS WE EXPECT, WITH NO ISSUES IN THE MARKET AND NO ADDITIONAL WARS, WE WOULD BE LOOKING AT A GRAND OPENING OF A PHASE OF THIS PROJECT APPROACHING 2030, WHICH IS A PRETTY SIGNIFICANT MILESTONE WHEN YOU PUT THAT IN THE CONTEXT OF EVERYTHING ELSE THAT'S GOING ON IN THE CITY AND WHAT IT'S GOING TO TAKE TO BRING ON SOME OF THESE RETAIL COMPONENTS OF THIS PROJECT. I WANT TO BE REALLY CLEAR, WHEN WE TALK ABOUT THE EARLY ENVISIONING OF A PROJECT LIKE THIS, WHAT DOES THAT MEAN, RIGHT? THE CITY HAS A NEED FOR A MUNICIPAL COMPLEX, BUT WE HAVE BEEN GOING THROUGH AN INCREDIBLE AMOUNT OF PUBLIC ENGAGEMENT, THROUGH ALL OUR DIFFERENT PLANS AND PROCESS THE, STRATEGIC PLANNING THAT'S GOING ON, MOBILITY MASTER PLAN, UDC, EDM, YOU NAME IT, WE HAVE BEEN DOING A LOT OF OUTREACH. AND IF WE GO BACK TO 2024 AND THAT DOWNTOWN MASTER PLAN PROCESS AND ALL THE THINGS THAT WE'RE DOING NOW, ONE OF THE MOST COMMON THEMES IS THE COMMUNITY WANTS A PLACE TO GATHER AND THEY WANT TO DO SO IN A WAY THAT ALLOWS FOR REDEVELOPMENT OF DOWNTOWN, WITHOUT WALKING AWAY FROM THE HISTORY AND PRESERVING WHAT DOWNTOWN IS. SPECIFICALLY, MAIN STREET, SPECIFICALLY, SMALL AND LOCAL [00:20:03] BUSINESSES. I THINK SOME OF THAT IS DRIVEN BY THE FACT THAT YOU'RE SEEING A PROLIFERATION, SO TO SPEAK, ALONG THE TOLLWAY IN THAT AREA OF A LOT OF BUSINESSES THAT DON'T LOOK AND FEEL LIKE SMALL LOCAL SHOPS. AND SO AS THAT WILL BUILDS OUT, WHAT ARE WE DOING TO TRY AND PRESERVE SOME OF THOSE OTHER THINGS? AND AS YOU GO TO O-R TO OTHER COMMUNITIES, THEY MAY LOOK DIFFERENT, THEY MAY BE IN A DIFFERENT SHAPE, THEY MAY BE A SQUARE, THEY MAY BE WHATEVER BUT THEY DO HAVE A SIGNIFICANT PRESENCE OF SMALL AND LOCAL BUSINESSES, SO THIS IS AN EFFORT TO TRY TO PRESERVE THAT AND HELP THOSE INDIVIDUALS BE A PART OF A REDEVELOPMENT THAT IS GOING TO HAPPEN HERE IN LIBERTY HILL. THE OTHER THING THAT'S IMPORTANT TO NOTE IS THAT THERE'S A UNIQUE OPPORTUNITY HERE WHEREBY THE CITY OWNS A SIGNIFICANT AMOUNT OF PROPERTY DOWNTOWN. AND THE EDC HAS A COUPLE OF PIECES OF PROPERTY DOWNTOWN. AND SO WHEN YOU BRING IN A PUBLIC-PRIVATE PARTNERSHIP, THAT PRIVATE ENTITY THAT YOU BRING IN THAT YOU EVENTUALLY SELECT AND BRING IN, THROUGH MECHANISM LIKE THIS, YOU CAN ACTUALLY USE YOUR PROPERTY AS VALUATION TO DRIVE DOWN THE COST OF THE DEVELOPMENT, RIGHT. AND SO IF YOU KNOW THAT YOU HAVE TO GO BUILD A MUNICIPAL COMPLEX, IF YOU KNOW THAT THE GOAL IS TO RETURN ALL OF THESE PARCELS THAT THE CITY ALREADY OWNS BACK TO THE PRIVATE SECTOR WHERE THEY CAN BE GENERATING SALES TAX AND YOU CAN LET THE PRIVATE MARKET DO WHAT THE PRIVATE MARKET DOES, YOU NEED TO FIND CREATIVE WAYS TO BE ABLE TO LEVERAGE THE PRIVATE MARKET SO THAT YOU'RE IN THE BEARING THAT FULL COST ON YOUR RESIDENTS. THEY MAY SAY THAT THEY WANT SOMETHING LIKE THIS, BUT THE REALITY IS THERE'S A SIGNIFICANT COST THAT COMES WITH IT, SO WE HAVE THIS OPPORTUNITY TO LEVERAGE THOSE DOWNTOWN PROPERTIES WITH A PRIVATE DEVELOPER TO DRIVE DOWN THAT COST AND ULTIMATELY DRIVER A PROJECT THAT IS PRETTY AFFORDABLE. AND THERE'S SOME CREATIVE FINANCING THINGS THAT AS WE GET DEEPER INTO IT, WE'LL TALK ABOUT, TOURIST DISTRICT, ALL THAT KIND OF STUFF. SO THERE'S A LOT OF INFORMATION IN THERE AND PROBABLY MORE QUESTIONS THAN INFORMATION. BUT I WANT TO PAUSE. THIS IS JUST AN UPDATE ON WHAT WAS APPROVED BY COUNCIL. THERE'S PROBABLY SOME QUESTIONS ABOUT DIFFERENT ROLES AND MONTHS AND HOW ALL THESE THINGS CAN PLAY TOGETHER. LOOK, ALL OF THE ANSWERS HAVEN'T ALREADY BEEN ANSWERED, THAT'S WHY WE HIRED AN OWNER'S REP TO HELP US WALK THROUGH THAT PUZZLE BUT I WANT TO PAUSE AND SEE IF THERE'S ANY QUESTIONS. >> I HAVE A QUESTION, NOT FOR YOU BUT FOR THE BOARD. WHY DOES THIS LOOK SO FAMILIAR? >> I WAS GOING TO JUST SAY THE SAME THING. THOMAS, WERE YOU AWARE THAT WE HAD ALREADY PUT TOGETHER BASICALLY THIS EXACT PLAN, LIKE TWO YEARS AGO? >> WE WENT THROUGH A LOT OF CYCLES TO PUT TOGETHER THIS. THIS ISN'T NEW FOR THIS BOARD. MAYBE IT'S JUST NEW FOR YOU AND THE COUNCIL BUT I MEAN, THIS IS A CONVERSATION WE'VE BEEN HAVING FOR 18 MONTHS. SO WHAT WAS THE POINT OF THAT 18 MONTHS? >> THAT'S A GREAT QUESTION. I MEAN, HAS ANYONE AT THE CITY MADE YOU AWARE THAT WE HAD ALREADY DONE A SIGNIFICANT AMOUNT OF PLANNING? THIS IS PROBABLY 90% SIMILAR TO THE PLAN THAT WE HAD ALREADY PUT TOGETHER . AND WE EVEN APPROVED TO THE CITY, ASKING IF THE CITY WANTED TO HELP US LEASE PART OF THE BUILDING -- WHAT YOU EXACTLY JUST EXPLAINED, WHICH IS TO DRIVE DOWN YOUR BASIS IN COST, TO MAKE THE DEAL DEVELOPABLE. >> THAT'S ALL INFORMATION -- IT WOULD HAVE BEEN GREAT, THIS WOULD HAVE BEEN GREAT INFORMATION BUT WE'VE HAD THIS EXACT CONVERSATION OVER THE LAS- >> WE HAD HEADWATER IN HERE. WE HAD LAWRENCE GROUP, WHO IS A NATIONAL ARCHITECTURAL FIRM. WE'VE HAD ALL THESE DISCUSSIONS. WE HAD THE STRUCTURE KIND OF WORKED ON, SO I GUESS WERE YOU AWARE OF ANY OF THAT? WAS THE COUNCIL AWARE OF ANY OF THAT? >> THE COUNCIL ABSOLUTELY SHOULD HAVE BEEN. >> THE COUNCIL SHOULD HAVE -- >> I'M NOT GOING TO SPEAK FOR COUNCIL. BECAUSE THAT IS THREATENING TO MY JOB -- NO, I'M KIDDING. YEAH, I CAN'T SPEAK TO WHAT COUNCIL WAS OR WASN'T AWARE OF ESPECIALLY PRIOR TO MY TIME HERE. >> WERE YOU AWARE -- >> I HAVE TALKED ABOUT ELEMENTS OF THIS PROJECT WITH -- I'M ACTUALLY NOT GOING TO MAKE THAT STATEMENT. WE MIGHT TALK ABOUT THAT LATER. BUT I HAVE NOT BEEN PRESENTED WITH THE PLAN THAT YOU'RE REFERENCING, NO. >> I GUESS SORT OF TO ANSWER YOUR QUESTION, I DON'T KNOW THAT WE HAVE A LOT OF QUESTIONS, UNLESS YOU GUYS THINK THAT -- WE'VE ALREADY BEEN THROUGH ALL OF THIS. >> YEAH. >> WELL, IF I PUT MYSELF IN Y'ALL'S SHOES -- AND PLEASE, I'M JUST LIKE THROWING SPAGHETTI AT THE WALL HERE -- MY QUESTION WOULD BE WELL YOU KNOW, THOMAS, WE OWN SOME PROPERTY DOWN THERE AND THE CITY OWNS SOME PROPERTY DOWN THERE AND LIKE, HOW IS THIS ALL GOING TO WORK IS THIS BECAUSE THOSE ARE PRETTY COOL PICTURES BUT IT SEEMS LIKE THERE'S SOME REAL SPECIFIC DETAILS WE'RE GOING TO HAVE TO WORK THROUGH. >> WE HAD THAT SAME QUESTION AT THE COUNCIL LEVEL. WE HAD THAT EXACT QUESTION BUT WE WERE ON THE OTHER SIDE OF THE TABLE. [00:25:01] >> GOT IT. >> THEN YOU GOT TO THE POINT ABOUT DISCUSSIONS ABOUT DOES IT NEED A PARKING GARAGE OR NOT, WHAT HAPPENS WITH THE PROJECT VINTAGE LAND, DO WE CONTINUE THE PROMENADE -- ALL THESE ASPECTS, FOOD TRUCK PARK, GREEN SPACE, SHAWL BUSINESSES, POTENTIALLY PUBLIC PORTION OF OFFICES -- THIS IS CRITICAL TO MAKE THE FINANCIAL MODEL, ALL OF THAT, WE HAVE EVEN GOTTEN SO FAR AS TO DISCUSS ABOUT UTILITIES, DOES THE RIGHT-OF-WAY HAVE TO BE RE-ALIGNED. WHEN THE CITY DECLINES TO PARTICIPATE IN THE PROCESS, WE MORE OR LESS HAD TO COMPLETELY SHIFT GEARS, LOOK AT A SCALED DOWN VERSION OF THAT WITH THE IDEA THAT WE HAD TO SHELF THAT MASTER PLAN FOR THE FUTURE UNTIL THE MARKET COULD SUSTAIN THE DEAL, BECAUSE THE CITY DID NOT WANT TO PARTICIPATE. >> YEAH. >> I HEAR YOU. >> WHAT EXACTLY WAS APPROVED THROUGH COUNCIL, JUST TO CLARIFY? >> PHASE 1. >> PHASE 1 OF THE PROJECT. >> JUST BASICALLY INFRASTRUCTURE. >> YEAH, IT'S -- IT'S EVERYTHING UP AND TO CONSTRUCTION OF INFRASTRUCTURE, RIGHT. SO THERE ARE SOME THINGS THAT NEED TO BE DECIDED BEFORE THAT, BEFORE WE CAN GET TO THE POINT OF LIKE WHAT INFRASTRUCTURE NEEDS TO BE IN THE GROUND. I'LL TELL YOU LIKE A REALLY IMPORTANT THING TO US RIGHT NOW AND THE CONVERSATIONS WE'VE BEEN HAVING ARE RELATIVE TO THE ABILITY TO MOVE AROUND DOWNTOWN. SO WE'RE HAVING THIS EARLY CONVERSATION ABOUT THE POTENTIAL OF ADDING A SMALL ROAD SECTION SO THAT WE COULD GET PEOPLE AROUND THE BACK SIDE OF THE DOWNTOWN DISTRICT, SO THAT IF WE WANT TO SHUT DOWN THE DOWNTOWN ROAD ON FRIDAYS TWICE A MONTHS AND HAVE LIKE A BIG MARKET ON THE ROAD SITUATION OR NOT LIKE, YOU KNOW, LIKE THE POLICE CHIEF THREATENS TO RETIRE EVERY CHRISTMAS, I DON'T KNOW IF YOU GUYS KNOW THIS, RIGHT BUT THE CHRISTMAS FESTIVAL IS SUCH A LEVEL OF EFFORT BECAUSE OF SHUTTING DOWN THAT ROAD AND HAVING A LOT OF PEOPLE THAT DON'T HAVE ACCESS TO THEIR DRIVEWAYS, LET ALONE EMERGENCY MEDICAL SERVICES. SO CAN WE CREATE AN OPPORTUNITY WHERE WE NOT ONLY RESOLVE THAT ISSUE BUT WE ACTUALLY MAKE IT REALLY EASY TO SHUT DOWN THAT AREA SO THAT WE CAN ACTIVATE IT AND DRAW PEOPLE DOWNTOWN. THOSE ARE CRITICAL THINGS THAT WE'RE TALKING ABOUT. THOSE DECISIONS NEED TO BE DECIDED BEFORE WE CAN GET INTO UTILITY DESIGN, BECAUSE WE DON'T WANTING TO PUT THINGS IN THERE THAT OBVIOUSLY AREN'T GOING TO WORK BECAUSE THE TYPES OF USE HAS CHANGED. >> I WOULD THINK THE DOWNTOWN BYPASS WOULD ADDRESS THAT BUT THE QUESTION IS WHEN IS SECOND AND THIRD PHASE OF THAT GOING TO BE DONE? >> YEAH, THE THE BYPASS HELPS QE A BIT. BUT EVEN THAT MOBILE OF JUST GETTING PEOPLE KIND OF AROUND MAIN STREET IS PRETTY CRITICAL. WE'RE WORKING WITH THE COUNTY RIGHT NOW TO GET AN UPDATED TIME LINE ON THE SECOND PHASE OF THE BYPASS, BECAUSE WE'RE EVEN HAVING CONVERSATIONS ON THE CITY SIDE ABOUT 29 AND BOULEVARD AND WHAT DOES THAT LOOK LIKE, WE'RE DOING THE MOBILE MASTER PLAN RIGHT NOW. WELL, REALITY IS IT'S GOING TO BE REALLY HARD TO DO ANY WORK ON 29 UNTIL WE CAN GET ALL THE TRAFFIC OFF OF 29. SO YEAH, WE'RE LOCK STEP ON THAT QUESTION. >> I WOULD ALSO -- THOMAS,ISM LIKE THE PARKING SITUATION DOWNTOWN IS GOING TO HAVE TO BE ADDRESSED AT SOME POINT, RIGHT, AND THE WORD GARAGE COMES UP, THERE'S A LOT OF WAYS TO DO IT THAT THE COMMUNITY WON'T HATE BUT IT'S TOO EARLY TO HAVE AN INDEPTH CONVERSATION ABOUT THAT BUT THAT'S GOING TO HAVE TO BE ADDRESSED. >> THAT WAS ON A SLIDE. >> THE OTHER THING IS PROBABLY DOWNTOWN DETENTION. THERE'S ZERO STORM SEWER OR REGIONAL DETENTION DOWNTOWN. I WOULD OFFER UP AGAIN THAT MAYBE A GARAGE COULD SERVE AS DETENTION UNDERNEATH. >> CORRECT. >> RIGHT, WITH CROSS [INDISCERNIBLE] ABOVE. IT'S A LITTLE BIT EXPENSIVE BUT IT KILLS TWO BIRDS WITH ONE STONE SO THERE'S PLENTY OF IDEAS OUT THERE, MANY OF WHICH AGAIN WE'VE ALREADY DISCUSSED. >> CAN YOU SHOW ON A MAP WHERE THAT PIECE OF PROPERTY IS EXACTLY? I MEAN, IT'S OFF 1869 -- >> THAT'S US [INDISCERNIBLE] EFFECTIVELY. >> YEAH, SO YOU SEE THE ROUNDABOUT THERE. YOU SEE 1869. >> OKAY, SO SAME -- SAME PROJECT. >> SAME GENERAL AREA. THERE'S A LOT MORE PROPERTY INCLUDED IN THIS VISION THAN I THINK WHAT PEOPLE HAD PREVIOUSLY ANTICIPATED. >> YES, WE WERE TRYING TO DO IT JUST ON WHAT WE CURRENTLY OWN AND WERE HOPING TO OWN. >> SO IF YOU LOOK AT THAT RENDERING, THE BIG GRAY THING UP IN THE LEFT IS A PARKING STRUCTURE. >> WHICH IS EXACTLY WHERE I THOUGHT IT SHOULD GO, RIGHT. [INDISCERNIBLE] >> AGAIN THESE ARE CONCEPTUAL USES -- >> DOES THIS MAKE SENSE NOW? >> YEAH, YEAH. >> THIS DOESN'T INCLUDE -- THE MARKET DOESN'T INCLUDE VINTAGE, BECAUSE THAT'S ON THE WEST SIDE OF -- >> THE GRAYED OUT PROPERTY BEHIND -- [00:30:01] >> I THINK THE BIGGEST TAKEAWAY IS BECAUSE WE WERE ALREADY LOOKING AT DOING THIS AND PARTNERING WITH THE CITY, IS THAT WE'RE DERBY WON'T SPEAK FOR THE BOARD BUT WE'RE ALL IN AGREEANCE THIS IS WHAT WE WANT TO DO. SO THAT'S THE BIGGEST THING. WE SPIN A LOT OF CYCLES BUILDING ESSENTIALLY THE SAME THING SO THAT'S WHAT WAS HUMOROUS, THE THINGS THAT YOU'RE SAYING, HEY, I KNOW, I REMEMBER NOT KNOWING UNTIL ABOUT EIGHT MONTHS AGO, A YEAR AGO, WHATEVER, SO AGAIN THE BIGGEST TAKEAWAY IS -- AND I WON'T SPEAK FOR THE BOARD BUT FROM WHAT IT LOOKS LIKE, YOU WOULD HAVE OUR FULL SUPPORT IN THIS, BECAUSE THIS IS WHAT WE'VE BEEN TRYING TO DO FOR A WHILE. >> AWESOME. >> WE EVEN APPROACHED [INDISCERNIBLE] WHEN WE WERE TRYING TO FIND PRE-LEASING FOR OUR CONCEPT IT WAS LET'S GO TO THE CITY, WE'LL RELOCATE OUR OFFICES THERE, LET'S GO TO THE LIBRARY, TAKE THE LOW HANGING FRUIT, ALL THREE OF THOSE ENTITIES NEED FACILITIES DOWNTOWN AND STILL LEAVE SPACE FOR RETAIL, COMMERCIAL PLUS WITH THE CONCEPT AGAIN THAT IT WOULD ALL BE SMALL BUSINESS, AS IT SHOULD BE IN DOWNTOWN. >> YEAH, I MEAN THERE'S BEEN A CONVERSATION, AND AGAIN THESE ARE ALL VERY PRELIMINARY, BECAUSE YOU'RE TRYING TO DECIDE, LIKE, WHAT ARE THE GOALS HERE, LIKE WHAT ARE THE MAIN DRIVERS. IF THIS PROJECT IS GOING TO BE A SUCCESS, WHAT ARE THE HAVE-TO-HAVES VERSUS THE WANT-TO-HAVES. WE'VE TALKED ABOUT FIRST FLOOR RETAIL AS PART OF THE MUNICIPAL COMPLEX. THERE'S A VERY STRATEGIC REASON THAT YOU WOULD DO THAT. ONE IS WE WANT TO DRAW PEOPLE TO THE MUNICIPAL COMPLEX. WE WANT THEM TO KNOW THAT THEIR GOVERNMENT WORKS FOR THEM AND LIKE WE WANT TO BE A PART OF THE COMMUNITY. BUT NUMBER 2, IF WE'RE GOING TO GO THROUGH THE PROCESS TO CONSTRUCT A MUNICIPAL COMPLEX AND THAT BUILDING FOOTPRINT CAN ACCOMMODATE OTHER USES, WHY WOULDN'T WE PRIORITIZE IT FOR THESE SMALL AND LOCAL BUSINESSES WHO ARE GOING TO NEED A SPACE, IT'S SO DIFFICULT FOR THESE COMPANIES WHO ARE LIKE -- AND I'VE OUTGROWN MY TINY LITTLE SPACE, MAYBE IT'S EVEN MY GARAGE, I DON'T KNOW OR A TWO BEDROOM, ONE BATH ACROSS THE WAY, AND WHICH NEED TO EXPAND INTO SOMETHING THAT'S A LITTLE BIT BIGGER BUT I DON'T NEED YOU KNOW 10,000 SQUARE FEET, I NEED SOMETHING THAT'S MORE MODERATE. IF WE CAN CREATE KIND OF THOSE INCUBATOR SPACES WHERE SOMEBODY -- WE COULD PUT TOGETHER A PROGRAM WHERE, HEY, YOU COME IN AND YOU'RE GOING TO OCCUPY THE SPACE AND THERE'S A PERFORMANCE AGREEMENT AND WE'RE GOING TO GIVE YOU 50% OFF ON YOUR LEASE FOR THE FIRST YEAR, SO THAT WE CAN INCENTIVIZE THAT LOCAL BUSINESS TO GO IN THERE, GET THEIR FEET UNDER THEM AND THEY COULD BECOME AN ANCHOR TENANT AS A PART OF THAT. TALK ABOUT REPOURING RIGHT BACK INTO THE COMMUNITY. THOSE ARE THINGS THAT WE'VE HAD EARLY CONCEPT CONVERSATIONS ABOUT. >> WELL, AND TO REINFORCE THAT POINT, THOMAS, AGAIN, WE TRY TO GO TO THE CITY AND THE LIBRARY WITH THE IDEA THAT BETWEEN THE CITY, THE LIBRARY AND THE EDC WE DON'T NEED 20% ANNUALIZED RETURNS AN INSTITUTIONAL INVESTOR WOULD NEED. SO IF WE'RE WILLING TO CUT OURSELVES A BREAK ON OUR RENT ON THE LAND WE'VE ALREADY PURCHASED, WE CAN EFFECTIVELY NET DOWN THE BASE COST FOR EVERYONE ELSE IN THAT BUILDING. IT WAS WHEN ALL THE PUBLIC ENTITIES REFUSED TO PARTICIPATE THAT WE HAD TO GO WITH A REGULAR MARKET RENT STUDY THAT RENTS BECAME VIRTUALLY UNTENABLE IN THIS MARKET. >> THAT WAS WHEN IT FINANCIALLY DIDN'T WORK OUT SO WE WENT TO PLAN B. WHICH WAS TO REMODEL THE BFW BUILDING AND THEN [INDISCERNIBLE] >> AND I STAND BY THAT. WITHOUT OUR PARTICIPATION OR OTHER PUBLIC ENTITIES WHO ARE WILLING TO FOREGO THE TRADITIONAL MARKET RATE RETURNS ON A DEVELOPMENT LIKE THIS, THERE'S NO OTHER WAY TO PUT YOUR THUMB ON THE SCALE OF THE MATH MODEL -- [INDISCERNIBLE] >> YEAH, COMPLETELY UNDERSTAND. OF PARTICIPATION MOVING FORWARD DOES THE INVOLVEMENT DOES THE EDC HAVE WITH COUNCIL? I MEAN, WHAT DO WE START PARTNERING HERE? >> A COUPLE OF DIFFERENT WAYS. SO WE'RE GOING TO TALK ABOUT THE BUDGET NEXT, AS I THINK THERE'S ONE MORE ITEM AND THEN THE BUDGET. WITHOUT GETTING TOO DEEP INTO THAT CONVERSATION, DON'T ASK ME ANY QUESTIONS ON THIS NEXT COMMENT BUT WE'RE A LITTLE BIT LATE IN THE BUDGET CONVERSATION AND WE'RE GOING TO CATCH YOU RIGHT UP. SO WE'RE GOING TO TALK ABOUT GOALS AND PRIORITIES TONIGHT OF THE BUDGET, WE'RE GOING TO TALK ABOUT SOME THINGS THAT WE THINK NEED TO BE CONSIDERED IN THE FY27 BUDGET AS A PART OF SOME STRATEGIC PARTNERSHIPS. THIS PROJECTING ONE OF THEM. I WAS VERY UP FRONT WITH COUNCIL ON THIS PHASE 1, WHEN I SAID THE CITY HAS ALL THE MONEY TO COVER THIS. WE WANT TO MOVE FORWARD. MY REQUEST IS THAT I'M GOING TO GO ASK THAT THE EDC CONSIDER A PORTION OF THIS PROJECT IN THEIR FY27 BUDGET BECAUSE I WOULD HOPE THAT BOTH ENTITIES WANT TO CRUISE AT THE SAME FLYING [00:35:03] ALTITUDE SO YOU'LL SEE THAT AS ONE OF THE KEY THINGS WE'RE HIGHLIGHTING IN THE FY27 BUDGET. Y'ALL HAVE THE MONEY, INCREDIBLY HIGH FUND BALANCE AND WE'RE NOT EVEN TOUCHING FUND BALANCE TO BE ABLE TO FUND A PORTION OF IT SO IT'S JUST ANNUAL OPERATING OR PROPOSED TO BE IN YOUR ANNUAL OPERATING. WE'VE GOT TO GET YOU CAUGHT UP ON THE BUDGET CYCLE. SO SHOULD HAVE BEEN MAYBE SOME BUDGET CONVERSATIONS THAT Y'ALL WOULD HAVE HAD. IT DOESN'T LIKE YOU HAVE BUT YOUR BUDGET IS RELATIVELY SIMPLE, LIKE WE CAN GET YOU THERE PRETTY QUICKLY. AND SO PARTNERSHIP OPPORTUNITIES THROUGH THE BUDGET -- WHEN WE BRING ON THE OTHER THAN'S REP, BECAUSE WE'VE GOT TO GO THROUGH THE KICK-OFF MEETING AND ALL THAT OTHER STUFF, WE'RE IDENTIFYING A STAKEHOLDER GROUP AND IF THE EDC IS -- IF THIS BOARD SAYS HEY, WE WANT TO BE A PARTNER AND WE WANT TO CONTRIBUTE TO THE PROJECT AND ALL THOSE THINGS, THEN Y'ALL ARE OBVIOUSLY GOING TO BE RIGHT THERE IN PARTNERSHIP WITH THE CITY AS WE MOVE THROUGH THIS PROJECT. THERE'S SOME OTHER ELEMENTS OF THINGS THAT I WILL SHARE THAT ARE IMPORTANT, BUT I THINK THOSE ARE KIND. KEY FIRST STEPS. I MEAN, WHAT DOES SUCCESS LOOK LIKE? I THINK SUCCESS LOOKS LIKE AT THE BEGINNING OF 2030, CITY COUNCIL AND THE EDC BOARD ARE STANDING THERE WITH A BIG PAIR OF SCISSORS CUTTING THIS RIBBON ON A MASSIVE UNVEILING OF A THING AND YOU BUYS HAVE MOVED MOUNTAINS AND CHANGED THIS COMMUNITY THAT IS NOT ONLY SIGNIFICANT MOVING FORWARD BUT HONORS THE HISTORY OF LIBERTY HILL. THAT'S WHAT SUCCESS LOOKS LIKE. THERE'S JUST A LOT OF PIECES AND TECHNICAL DECISIONS THAT HAPPEN ALL ALONG THE WAY. SO IF THE BOARD'S DESIRE IS TO MOVE IN THAT DIRECTION, I SAY YOU DO IT THROUGH THE BUDGET, YOU DO IT THROUGH A PART OF BEING A STAKEHOLDER IN THE PROJECT. BUT A CAUTIONARY TALE, Y'ALL MIGHT GET REALLY MAD AT ME FOR SAYING THIS... THAT'S OKAY... REAR VIEW MIRROR DRIVING IS A VERY DANGEROUS THING TO DO, OKAY. HAS ANYBODY TRIED TO DRIVE A CAR, YOU LOOK IN THE MIRROR AND YOU DRIVE FORWARD? YOU CAN DO IT LIKE 5MPH, MAYBE 10 BUT IT'S REAL HARD TO GO 60, RIGHT. ONE SMALL MISTAKE, YOU'RE OFF THE ROAD. I DON'T WANT TO DISCOUNT WHAT Y'ALL HAVE BEEN THROUGH. I UNDERSTAND SOME OF THE HISTORY. I'M NOT NAIVE TO THAT. BUT I THINK THERE'S ALSO A POINT IN TIME WHERE YOU SAY, WE'RE HERE TODAY, THIS OPPORTUNITY IS HERE TODAY, AND IF WE DRIVE LOOKING THROUGH THE WINDSHIELD, WE ARE ABLE TO GO QUICKLY. WE'RE ABLE TO DO 60MPH. WE'RE ABLE TO CAPITALIZE ON THOSE OPPORTUNITIES. SO IN NO WAY IS MY COMMENT DISRESPECTFUL TOWARDS THE THINGS THAT Y'ALL MAY OR MAY NOT HAVE BEEN THROUGH. IT'S SIMPLY TO SAY WE HAVE A MARKED OPPORTUNITY TO MOVE A LEGACY PROJECT FORWARD, AND THERE'S A LOT OF THINGS THAT ARE UNDEFINED. BUT THE COOL PART IS WE GET TO DEFINE THEM. WE GET TO MOVE THAT PROJECT FORWARD. ANOTHER WAY THAT I THINK THAT Y'ALL COULD TAKE A SIGNIFICANT STEP IN BEING AN ANCHOR PARTNER IN THIS PROJECT IS THROUGH THE STRATEGIC PLANNING PROCESS. I WOULD IDENTIFY THAT AS A CORE PRINCIPLE, A CORE TENET OF WHAT YOU GUYS WANT TO DO. AND I WOULD NAME IT IN THAT STRATEGIC PLANNING PROCESS. SO THOSE ARE JUST A COUPLE OF THINGS THAT COME TO MIND. >> I HAVE ONE THING TO ADD TO THAT, THOMAS. MY ONLY CONCERN MOVING FORWARD IS THE CITY'S EXPECTATION AS FAR AS HOW MUCH MORE RESOURCES WE'RE EXPECTED TO PUT INTO THIS. THE REASON I ASK THAT QUESTION -- OR MAKE THAT STATEMENT IS I'VE SAID SINCE I'VE BEEN ON THE BOARD FOR, WHAT, THREE AND A HALF YEARS NOW LIBERTY HILL IS STILL A TALE OF TWO CITIES. AND UNTIL SUCH A TIME AS DEMOGRAPHICS CREATE THE DENSITY TO BRING IT INTO ONE CITY, IT'S GOING TO CONTINUE TO BE SO. AND WHEN I SAY A TALE OF TWO CITIES, I MEAN DOWNTOWN AND THE 183 CORRIDOR WHICH IS FRANKLY WHERE MUCH MORE DEVELOPABLE OPPORTUNITIES THAT MORE LIKE MEET OUR MANDATE IN TERMS OF EMPLOYMENT AND TAX VALUE EXIST. WE HAVE ALWAYS TRIED TO TAKE THE SORT OF DOUBLE LEGAL PROPOSE OF LOOKING AT BOTH. WE'VE MADE A PRETTY SIGNIFICANT INVESTMENT IN DOWNTOWN. WE'VE MADE NO INVESTMENT OVER THERE. I DON'T WANT TO SPEAK FOR THE BOARD, BUT CERTAINLY I WAS GOING TO PRESS AND I SUSPECT OTHER MEMBERS WILL PRESS FOR SOME FOCUS TO BE PLACED ON THAT SIDE OF TOWN AS WELL, BECAUSE OF THE NATURE OF THE DEVELOPMENT, RIGHT. WHEN WE TALK ABOUT WHERE THE MOST DEVELOPABLE LAND IS, WHERE THE PRIMARY TRANSPORTATION CORRIDOR IS, WHEREBY THERE'S UTILITY ACCESS, WHERE THERE'S WATER THAT'S NOT GOING TO DRAIN THE CITY'S RESOURCES UNTIL THE CITY CAN CATCH UP ON ITS WATER NEEDS. AND SO MY QUESTION -- AND I DON'T NEED TO ANSWER THIS -- MY QUESTION IS IS THAT UNDERSTOOD BY THE STAFF AND THE COUNCIL AND ARE WE GOING TO BE EXPECTED TO PUT ALL OF OUR EGGS IN ONE BASKET WHEN WE ARE EXPECTING TO PUT SOME OF THOSE EGGS IN THE DEVELOPMENT CORRIDOR FOR THE [00:40:02] TIME BEING, WHICH AGAIN SINCE OUR PREFERENCE, BUT THAT'S MARKET CONDITIONS AND SWIM UPSTREAM AGAINST THE MARKET AS YOU KIND OF ALLUDED TO AT YOUR OWN RISK. >> MM, YEAH. >> DON'T ANSWER IT. JUST -- >> I'VE GOT -- I'VE GOT TO ANSWER A COUPLE OF PIECES OF IT. SO I'M GOING TO GO BACK TO LIKE WORKING TOGETHER. AND TONIGHT WE'RE GOING TO TALK ABOUT THE CITY'S STRATEGIC PLAN AND WHERE THOSE OPPORTUNITIES WHERE THE EDC AND THE CITY'S STRATEGIC PLAN ARE IN ALIGNMENT. AND I THINK THAT, LIKE ALL THINGS CAN BE TRUE, I THINK THAT LIKE 100% ALIGNMENT WOULD BE AWESOME AND I THINK ZERO% ALIGNMENT WOULD BE LESS THAN AWESOME. SO I THINK WHAT YOU'RE KIND OF DRIVING AT IS WHERE ARE THOSE OVERLAPPING THINGS. I CAN TELL YOU THAT FROM MY PERSPECTIVE, WHAT COUNCIL HAS REPEATEDLY SAID IS THAT WE SHOULD BE ABLE TO WALK AND CHEW BUBBLE GUM AT THE SAME TIME. THAT DOWNTOWN INVESTMENT IS IMPORTANT, AND SO IS INVESTMENT IN SEWER JUNCTION AND THAT INVESTMENT LOOKS DIFFERENT BECAUSE SEWARD JUNCTION IS GOING TO DEVELOP WHETHER Y'ALL ARE INVOLVED OR NOT AND I WOULD EVEN GO AS FAR AS TO SAY THAT THE MAJORITY OF THAT DEVELOPMENT WILL HAPPEN WITH VERY LITTLE INPUT BECAUSE IT IS DEVELOPABLE LAND, IT IS RIPE AND EVERYBODY KNOWS WHAT'S COMING. THE DOWNTOWN INVOLVEMENT IS DIFFERENT BECAUSE IT DOES TAKE A CATALYST. AND IF WE LOOK AT DEVELOPABLE LAND ON THE WEST SIDE, WE KNOW THAT THERE IS SIGNIFICANT DEMAND THAT IS COMING, RIGHT. IN TERMS OF TIMING, I THINK TIMING IS A BIG PART OF THAT CONVERSATION. WHEN ARE THESE DIFFERENT LEVERS GOING TO PULL? WELL, IF ANY OF US KNEW THAT, WE WOULDN'T BE HERE AT 5 O'CLOCK ON A WEDNESDAY NIGHT, BUT I THINK IT'S IMPORTANT TO RECOGNIZE THAT THAT GROWTH IS ON US NOW, IT IS ONLY GOING TO CLIMB AS WE GET CLOSER TO 2030. AND SO I DON'T KNOW -- I DON'T KNOW THAT THE ANSWER TO THAT QUESTION IS EITHER/OR. I THINK THE ANSWER IS YES. I THINK WHEN WE TALK ABOUT FINANCIAL RESOURCES AND KIND OF -- I WOULD MAYBE REFRAME LIKE THE UTILIZATION OF RESOURCES A LITTLE BIT, BECAUSE THE CITY HAS PRETTY TREMENDOUS RESOURCES, AND THE EDC NATURALLY HAS SMALLER RESOURCES JUST BECAUSE OF THE MARKET SHARE OF HOW THOSE THINGS WORK. AND SO IF THE CITY IS PUTTING IN A TREMENDOUS AMOUNT OF RESOURCES AND THE REQUEST IS THAT THERE'S A MUCH SMALLER PORTION FROM THE EDC, I THINK THAT THAT WOULD BE REASONABLE. I DON'T THINK THAT THE CITY IS IN ANY WAY LIKE, HEY EDC, CAN YOU HELP COME BUILD US A NEW DOWNTOWN. NO, I THINK IT IS VERY MUCH -- YOU KNOW, WE'LL TALK ABOUT SOMETHING LATER IN EXECUTIVE SESSION UNDER REAL PROPERTY THAT'S ALSO VERY SIMILAR, KIND OF WHAT'S AN EQUITABLE SHARE OF A PROJECT OF THAT MAGNITUDE. BUT AGAIN, I DO -- I DON'T THINK WE HAVE TO BE ABLE TO ANSWER ALL OF THE QUESTIONS TODAY. I THINK THAT'S PART OF THE PROCESS. JUST LIKE ANYTHING ELSE, YOU GET INTO A PROJECT AND IT'S LIKE OUR COMMITMENT IS THAT WE'RE GOING TO BE SUCCESSFUL. WE KNOW THERE'S GOING TO BE KEY DECISION POINTS, WE KNOW THAT THERE'S GOING TO BE CRITICAL PATH. BUT AT THE END OF THE DAY, I DO STAND BY THAT KIND OF SENTIMENT THAT SEWARD JUNCTION INVOLVE INVOLVEMENT, INVOLVEMENT DOWNTOWN, INVOLVEMENT ON DEVELOPMENT THAT'S COMING TO THE WEST, ALL OF THOSE THINGS SHOULD BE IN THE PORTFOLIO. >> I AGREE WITH ALMOST EVERYTHING YOU SAID, BUT I WOULD AGAIN CAUTION THE CITY IN THAT THANKS TO SB38, THERE'S NO GUARANTEE THAT ANY OF THAT LAND ALONG THE 183 CORRIDOR LISTEN ANNEXED TO THE CITY. IN FACT GIVEN SORT OF THE CITY'S HISTORY, IT'S LIKELY THAT THERE'S GOING TO BE A FIGHT OVER ANNEXING ANY OF THAT LAND WHICH MEANS IF IT DOES GET DEVELOPED -- AND I DO BELIEVE YOU'RE MOSTLY RIGHT, I DO BELIEVE IT'S PROBABLY GOING TO GET DEVELOPED EVENTUALLY ON SOME TIME SCALE ON ITS OWN, BUT WITHOUT WE HAVE ALWAYS VIEWED PART OF WHAT WE DO AS INCENTIVIZING PEOPLE TO JOIN THE CITY. BECAUSE THE CITY CAN'T FORCE THE ANNEXATION ANYMORE AND THE COUNCIL HAS ALREADY EXPRESSED AT LEAST ONCE THAT I'VE HEARD THAT IT'S SHOCKED AT HOW MANY ARE DEANNE NEXTING AT THE RATE THAT IT IS FROM THE CITY AND THE ETJ SO TO THE DEGREE THE CITY NEEDS EITHER FUNDS GENERATED AS FAR AS ITS CAPITAL IMPROVEMENT OR IT'S TAKING A LONGER VIEW TO YOUR POINT, A FIVE OR TEN-YEAR VIEW AS FAR AS EMPLOYMENT AND TAX VIOLATIONS ARE, WE CANNOT DISMISS THE 183 CORRIDOR. AND I THINK IT WOULD BE A MISTAKE TO BELIEVE THAT ALL OF THAT IS GOING TO BE DEVELOPED INTO EITHER, A, WHAT THE CITY WANTS, OR WHAT THE COMMUNITY WANTS IN TERMS OF BUSINESSES AND DEVELOPMENT OR HOWEVER YOU WANT TO CATEGORIZE IT, AND B IT WOULD BE A MISTAKE TO ASSUME ANY OF THEM WOULD BE ANNEXED BY THE [00:45:03] CITY ESPECIALLY BECAUSE THE MOST IMPORTANT PART OF THAT IS WATER AND THAT'S SERVICED BY GEORGETOWN OR SOON TO BE INDEPENDENT WATER PROVIDER. >> I MEAN ANNEXATION, THAT'S A WHOLE ANOTHER ANIMAL. WE DO HAVE A LOT OF -- I CAN TELL YOU THE MEETINGS THAT I'M A PART OF, WE HAVE A LOT OF REQUESTS NOW FOR ANNEXATION. A LOT OF PEOPLE ARE EXCITED TO BE A PART OF LIBERTY HILL AND I THINK WE ARE VERY MUCH OF THE MIND THAT WE WANT TO CAPTURE THAT. WHERE IT MAKES SENSE. THE REALITY IS IF YOU GO BACK IN A VERY DIFFERENT MARKET CONDITION, YEARS AND YEARS AND YEARS AGO, ANNEXATION WAS A VERY VALUABLE TOOL FOR COMMUNITIES, BECAUSE ROOFTOPS PAID FOR THEMSELVES. THEY DON'T ANYMORE. ANNEXATION IS NOT PROFITABLE FOR CITIES. HAS INCREASED MAINTENANCE. THAT IS INCREASED OPERATING COSTS. AND I WOULD FURTHER ADD THAT YOU KNOW WITH WHAT THE LEGISLATURE IS TRYING TO DO AND HAS BEEN TRYING TO DO FOR THE PAST SIX YEARS AND WHAT THEY'RE GOING TO TRY TO DO AS PART OF THE NEXT PACKAGE AND LOCAL PREEMPTION BASICALLY RELEGATING ALL OF US BACK TO GENERAL LOSS CITIES, THEY'RE NOT CALLING IT THAT, THEY'RE ATTACKING PROPERTY TAX EXPENDITURES, EXPENDITURE CAPS, ROLLBACKS, ALL THESE SORTS OF THINGS. SO CITIES ALL ACROSS THE STATE RIGHT NOW ARE VERY LEERY OF ANNEXATION. SO MUCH SO THAT YOU'VE GOT FOLKS THAT ARE REALLY BASICALLY CREATING MODELS TO THE POINT WHERE IT'S NOT A DECISION OF DO WE WANT TO OR DO WE NOT, IS IT GOING TO PAY FOR ITSELF. AND THE ANSWER IS GENERALLY NO, UNLESS THERE ARE CERTAIN ARRANGEMENTS MADE. ALL OF THAT BEING SAID, WHAT IS THE FUTURE SOLVENCY OF A CITY? ITS SALES TAX. I BELIEVE THAT WHOLEHEARTEDLY. I THINK YOU SEE CHANGES HAPPENING IN OTHER STATES THAT ARE POINTING TO THE FACT THAT SALES TAX IS NO LONGER -- IT USED TO BE SALES TAX WAS THE THING YOU PAID FOR ALL OF THE FUN THINGS THAT WOULD JUST BE COOL TO HAVE, WHAT YOU'RE STARTING TO SEE SALES TAX NOW HAVING TO COVER VITAL CRITICAL SERVICE BECAUSE THE MAJORITY OF CITY BUDGETS ARE ALL PAYING FOR PUBLIC SAFETY. AND SO IT'S JUST MUNICIPAL BUDGETING IS CHANGING AND THAT REVENUE SOURCE OF BEING SALES TAX IS MORE AND MORE CRITICAL. SO WHEN WE TALK ABOUT ANNEXATION, HEY, IF THERE NEEDS TO BE A HUGE COMMERCIAL CORE SOMEWHERE, WE WANT TO BE INVOLVED IN THAT, RESIDENTIAL, WE NEED TO MAKE SURE WE'RE REALLY STRATEGIC ABOUT THAT AND -- >> MAKE NO MISTAKE, I'M NOT SUGGESTING IN ANY WAY, SHAPE OR FORM THE CITY SHOULD ACTIVELY TRY TO ANNEX RESIDENTIAL. I THINK WE ALL KNOW THAT'S NOT IN THE CITY'S FINANCIAL INTEREST. BUT I ALSO BELIEVE THAT THE CITY DOES NEED SOME INDUSTRIAL, WHICH IT HAS VIRTUALLY ZERO OF AND SOME COMMERCIAL, YOU MIGHT GET OFFERS, YOU MIGHT GET A WAREHOUSE, YOU MIGHT GET A BUSINESS OPERATING OUT OF IT. YOU KNOW. YOU COULD GET ANY NUMBER OF THINGS OUT OF IT. BUT ALL OF THAT IS NOT REALLY FEASIBLE, DOWNTOWN YOU'RE NOT GOING TO FIND A MAJOR COMMERCIAL DISTRICT IN DOWNTOWN OR EVEN REALLY WHAT'S LEFT OF THE CITY ALONG 29 AND YOU'RE CERTAINLY NOT GOING TO GET ANY KIND OF FLEX SPACE DOWN HERE. THAT'S ALL I WANT TO SAY ON IT AS FAR AS WHAT I BELIEVE AND WHAT I BELIEVE THE BOARD PROBABLY BELIEVES. >> SURE. >> CAN YOU DEFINE THE STRUCTURES, UTILITIES, THAT WERE GOING TO BE RIBBON CUTTING ON 2030? WE SAW A LOT OF BUILDINGS THERE BUT -- IS THAT DEFINED RIGHT NOW? >> LARGELY, NO. I THINK THAT THERE'S A COUPLE OF THINGS THAT WE ANTICIPATE. MUNICIPAL COMPLEX BEING ONE OF THEM. A COUPLE OF RETAIL CENTERS BEING ONE OF THEM. I THINK THE THINGS THAT LIKE ARE JUST SO -- WE'RE JUST NOT TO THAT POINT YET, BECAUSE WE'VE GOT TO DO THAT MARKET ANALYSIS, WE'VE GOT TO DO THAT FEASIBILITY, WE HAVE TO UNDERSTAND THE LEVEL OF INVOLVEMENT OF PRIVATE DOLLARS, WHICH ALSO WILL HAVE A TRICKLE DOWN EFFECT ON TRIP GENERATION AND WHEN ARE WE TALKING ABOUT PARKING SOLUTIONS, YOU KNOW, IS STRUCTURED PARKING A PART OF PHASE 1, IS THAT A PART OF PHASE 2? WE JUST DON'T KNOW THAT YET. >> OKAY GENTLEMAN BUT I WOULD CERTAINLY ANTICIPATE A COMMON AREA, OUTDOOR GATHERING SPACE, SOME RETAIL AND A MUNICIPAL COMPLEX. AS A PART OF THAT. WHICH AGAIN HAS THIS TRICKLE DOWN EFFECT, BECAUSE THE CITY OWNS A BUNCH OF PARCELS THAT REALLY NEED TO BE RETURNED BACK TO THE PRIVATE SECTOR. YOU'RE SITTING IN ONE OF THEM. THAT REALLY I THINK, IF YOU THINK LONG TERM ABOUT LIBERTY HILL, THIS IS A PRETTY IMPORTANT PIECE OF PROPERTY THAT HAS SOME PRETTY SIGNIFICANT THINGS TO BE DONE IN THE PRIVATE SECTOR. >> THE ONLY THING I WOULD LEAD WITH IS I'M IN AGREEANCE WITH I THINK EVERYTHING YOU SAID. LIKE EVERYTHING YOU SAID THIS EVENING -- OBVIOUSLY THERE WAS SOME FRUSTRATIONS AND YOU UNDERSTAND WHY. WE AGREE, WE SHOULDN'T LOOK BACK BUT IT'S IMPORTANT IN STATING [00:50:02] WHY THERE WAS FRUSTRATION. IT WAS NOT YOU PERSONALLY. THAT BEING SAID, WHAT ARE THE ASSURANCES THAT WE HAVE THAT WE AGREE TO PARTNER WITH THE CITY, BECAUSE OBVIOUSLY WE HAVE A LACK OF INVOLVEMENT UP TO THIS POINT, OBVIOUSLY YOU SHOWING THIS TO US TONIGHT, AT LEAST FOR ME. SO WHAT ARE THE ASSURANCES THAT WE HAVE THAT WE'LL BE INVOLVED OUTSIDE OF FUNDING, IF WE AGREE TO PARTNER WITH THE CITY ON THIS THIS? >> OR MAYBE TO PUT IT ANOTHER WAY -- SORRY, YOU'VE GOT A BOARD OF EXPERTS HERE WHO ARE ALREADY WAY AHEAD OF THE CITY ON THIS TRACK, AND SO MY QUESTION IS WHY WOULDN'T THE CITY LEVERAGE OUR EXPERTISE THROUGH COOPERATION? YOU'RE SOLVING A MILLION PROBLEMS. THE COUNCIL'S GOT TO HAVE A BILLION PROBLEMS TO SOLVE. WHY -- OR WILL WE BE LEVERAGED TO ASSIST IN SOME OF THIS? >> OH, YEAH. IS THAT -- THOSE ARE THE SAME QUESTION ROUGHLY? >> I WOULD SAY SO. >> TWO SIDES OF THE SAME COIN BUT -- >> I THINK THAT -- I WANT TO TALK ABOUT THE PROCESS, HOW WE GOT HERE, BECAUSE THE PROCESS -- A LOT HAS HAPPENED TO US IN THE LAST THREE WEEKS. AND THE PROCESS USED TO BE THAT THIS BOARD HAD IDEAS AND WE APPROVED THINGS AS A BOARD AND THEN IT WENT TO COUNCIL AND NOW IT'S THE OTHER WAY AROUND. COUNCIL'S ALREADY APPROVED THIS MOVING FORWARD, AND WE'RE JUST NOW HEARING ABOUT IT AND ALSO OUR LAST MEETING, COUNCIL HAD ALREADY APPROVED OUR BYLAW CHANGE BEFORE IT CAME TO US. SO IT FEELS MORE LIKE OUR HANDS -- OUR ARMS ARE TWISTED BEHIND OUR BACK IF WE DON'T SAY YES. >> MM, OKAY. >> SO IT'S BACKWARDS. >> OKAY, IT WENT FROM ONE QUESTION TO A SECOND SIMILAR QUESTION TO -- >> RIGHT -- >> WE'VE GOT THREE QUESTIONS. >> IT'S ALL CONNECTED THOUGH. >> OKAY, LOVE IT. >> AND I WOULDN'T USE "ASURES",E INSURANCES "ASSURANCES "BUT MORE SO WE WOULD LIKE TO BE INVOLVED. THESE ARE THE THINGS THAT THE BOARD IS HERE FOR, OUTSIDE OF FUNDING WHAT ARE THE EXPECTATIONS OF THE BOARD OR WHAT INVOLVEMENT CAN WE HAVE? >> YEAH. SO I'M GOING TO COME BACK TO YOUR QUESTION LAST. YOU'VE GOT -- LIKE WHAT ASSURANCES? NOTHING IS ASHIEWRND IN THIS LIFE ASSURED IN THIS LIFE. BUT I WILL SAY THIS: IF THE PLAN THAT YOU GUYS ARE HEARING ABOUT TONIGHT IS 85 OR 90% OR WHATEVER PERCENTAGE IT IS CLOSE TO WHAT Y'ALL HAD DISCUSSED TWO YEARS AGO AND IT JUST DIDN'T LIFT OFF, FOR WHATEVER REASON, COUNCIL CLEARLY WANTS TO MOVE IN THIS DIRECTION. I'M NEVER GOING TO MOVE IN A DIRECTION THAT IS NOT AS A PART OF COUNCIL'S VISION. I COULD PROBABLY DO THAT ONCE AND IT WOULD BE SHORT-LIVED. BUT THIS IS THE DIRECTION THAT THEY WANT TO GO. AND I THINK IT IS TO BE CELEBRATED THAT ALTHOUGH IT WAS APPARENTLY THE WEIRDEST MOST UNORTHODOX WAY FOR Y'ALL TO HAVE THE SAME VISION, HERE WE ARE, SO THAT'S EXCITING. IF YOU LOOK AT EVERYTHING THAT COUNCIL HAS DONE AT LEAST OVER THE PAST TEN MONTHS, WE HAVE BEEN VERY STRATEGIC, THEY HAVE MOVED VERY QUICKLY. AND IN SOME RESPECTS UNAPOLOGETICALLY, BECAUSE OF ALL OF THE PUBLIC PROCESS THAT THEY HAVE BEEN GOING THROUGH, THIS IS WHAT WE WANT, OKAY LET'S GO AND LET'S GO FAST. I HAVE THAT CONVERSATION WITH THEM ALL THE TIME, HOW FAST DO YOU WANT TO GO? BECAUSE I CAN MAKE IT REALLY UNCOMFORTABLE. WE'LL GET THE SPEED BOBBLES HERE PRETTY SOON BUT THEY WANT TO MOVE QUICKLY BECAUSE THEY RECOGNIZE THAT THEY HAVEN'T MOVED AT ALL FOR A LONG TIME. THERE IS A DEEP RECOGNITION OF THAT. AND SO I THINK THE FACT THAT WE'RE HERE TODAY AND WE CLEARLY HAVE A LOT OF SYNERGY AND ALIGNMENT AND VISION -- AT LEAST THAT'S WHAT I'M HEARING -- I THINK IS CRITICALLY IMPORTANT. AT THE END OF THE DAY, THERE IS NO LIKE WE'RE NOT GOING TO SIGN SOME BLOOD OATH BETWE THE BOARDT LIKE NOTHING SHALL EVER CHANGE AND EVERYTHING SHALL BE ROSIE. Y'ALL ARE HERE FOR A REASON. THE COUNCIL DEEPLY RESPECTS Y'ALL'S INPUT AND YOUR EXPERTISE AS THE FUNCTIONING ARM OF ECONOMIC DEVELOPMENT. I CAN TELL YOU FROM MY PERSPECTIVE, AND WE CAN GET INTO THIS IN DIFFERENT DETAIL LATER, THERE IS A PROCESS THAT I BELIEVE WE SHOULD BE GOING THROUGH ADMINISTRATIVELY WHEREBY FUTURE CONSIDERATION IN THIS PROJECT COMES BEFORE THIS BOARD, BEFORE IT GOES TO COUNCIL. THAT'S JUST MY OPINION. AND THAT'S HOW I SEE IT MOVING FORWARD. I ASSUME THAT THE BOARD WOULD OBVIOUSLY WANT TO BE A PART OF THAT. I CAN'T TELL YOU WHY IT WASN'T HAPPENING THAT WAY BEFORE. [00:55:02] BUT HIGH FUNCTIONING MUNICIPALITIES THAT HAVE A TYPE B CORPORATION, THAT'S HOW WE WOULD MOVE SOMETHING LIKE THIS FORWARD. BECAUSE Y'ALL ARE ON THIS BOARD FOR A REASON. YOU TEND TO HAVE A SPECIFIC SKILL SET AS LIAM NEESON ONCE SAID. SO THAT'S HOW I WOULD ENVISION IT MOVING FORWARD. AGAIN, I THINK THAT COUNCIL'S COMMITMENT TO THE VISION AND THE PROJECT -- AND I WOULDN'T BE HERE IF THEY DIDN'T HAVE FAITH THAT THIS PROCESS OF WORKING IN CONJUNCTION WITH THE EDC, I THINK THAT'S A PRETTY BIG VALUE COMMITMENT STATEMENT RIGHT THERE THERE. >> I'M JUST GOING TO ASK WHAT WAS THE PROCESS OF SELECTION OF SWINNER -- TON -- >> REQUEST FOR QUALIFICATIONS. WE PUBLISHED IT FOR A WHILE, WENT THROUGH A WHOLE EVALUATION PROCESS. >> WHERE DOES THAT GET PUBLISHED PUBLISHED? >> WE'VE GOT A BLANK ON THE NAME. BUT WE HAVE -- IT MIGHT BE CIVCAST ACTUALLY. BUT ANYBODY CAN SIGN UP AND I WILL TELL YOU MANY, MANY, MANY PEOPLE SIGN UP AND SO YEAH, THEY GET NOTIFIED. >> MAYBE IT'S NOT SO MUCH A QUESTION SO MUCH AS A STATEMENT. WHEN I FIRST JOINED THIS BOARD I THINK YOU GUYS HAD REALLY KIND OF FINALIZED ALL THE STUFF WITH HEAD WATER ON THIS STUFF AND REALLY HAD A GOOD DIRECTION ON THIS STUFF. I THINK THE POSITIVE THING FOR ME IS THAT LIKE THIS SORT OF STUFF, LIKE THE CITY DRIVING IT IS GOOD, WE CAN GET OUT AND GO DRIVE THE BUSINESS STUFF THAT WE NEED TO GO TO DRIVE BECAUSE WE HAD TO PUT A LOT OF EMPHASIS ON DOWNTOWN. THE DEMONS ARE IN THE DETAILS, JUST LIKE ANYTHING ELSE BUT IT'S NICE TO SEE THE CITY COMING IN DOING SOME OF THIS STUFF THAT WE'VE ALWAYS WANTED TO DO BECAUSE WE KEEP PUTTING BAND-AIDS ON STUFF AND I FEEL LIKE MAYBE WE'RE HEADED IN THE RIGHT DIRECTION SO -- >> WHEN I IS IT BACK AWAY FROM THE WORK THAT WE'VE BEEN DOING AND JUST LOOK FROM THE HIGHER LEVEL, THIS IS GREAT. >> IT'S EASIER FOR ME TO SAY THAT BECAUSE I WASN'T INVOLVED IN ALL THE WORK, BECAUSE I CAME IN AFTER THAT PART WAS DONE. >> I THINK THERE'S A LOT OF CAPACITY. I THINK THERE'S A LOT OF CAPACITY IN THE PRIVATE MARKET THROUGH A PUBLIC-PARTNER PARTNERSHIP. I THINK THE CITY HAS A TREMENDOUS AMOUNT OF CAPACITY, EVEN JUST FINANCIALLY SPEAKING. WE HAVE A LOT OF FINANCIAL CAPABILITY. WE'VE GOT THE GOOD FAITH CREDIT OF A LOT OF DIFFERENT POTS TO PULL FROM. AND I THINK THAT THE EDC HAS CAPACITY. AND NONE OF US CAN PULL THIS PROJECT OFF ALONE. GOING TO TELL YOU, IT WON'T WORK. BEEN A PART OF OTHER COMMENTS AND SEEING TOO MANY OTHER COMMUNITIES THAT HAVE FAILED IN THIS PROCESS BECAUSE EVERYBODY WAS REALLY CONCERNED ABOUT WHO GOT THE CREDIT AND OWNERSHIP AND ALL THE OTHER THINGS THAT WE CAN PUT ON SOCIAL MEDIA AND MAKE OURSELVES LOOK REAL COOL, BUT AT THE END OF THE DAY IF LIBERTY KILL WANTS TO HAVE A TRANSFORMATIVE PROJECT THAT ALSO CELEBRATES WHERE IT CAME FROM AND PRIORITIZES THE SENSE OF COMMUNITY WHICH IS WHY PEOPLE ARE MOVING HERE, THEY ARE SEEKING IT, GREAT SCHOOL DISTRICT, I CAN KNOW MY NEIGHBORS, I FEEL LIKE I'M A PART OF SOMETHING. IF THAT'S THE PRIORITY AND WE LEVERAGE ALL OF OUR COMBINED CAPACITY, YOU 100% CAN PULL THIS PROJECT OFF. 100%. >> SO DO YOU NEED TO LEAD WITH A SENSE OF INTEREST OR DO YOU -- DO WE KIND OF HALF RAISE OUR HAND OR -- >> YEAH, WE'RE GOING TO DO HEADS DOWN-THUMBS UP. NO, WE'RE GOING TO TALK ABOUT BUDGET NEXT. THERE ARE SOME THINGS IN THE BUDGET. AND THEN WE'RE GOING TO TALK ABOUT AS IN EXECUTIVE SESSION ITEM, WE'RE GOING TO TALK ABOUT REAL ESTATE. >> YEAH. >> SO IT WILL BE GOOD. I WANT TO THANK YOU GUYS. I KNOW THAT WAS A LOT OF INFORMATION AND APPRECIATE YOUR TIME. >> IT WAS ALL GREAT. THANK YOU. >> THANK YOU FOR THE PRESENTATION. ITEM 3B, PRESENTATION AND DISCUSSION OF THE MONTHLY FINANCIAL REPORT. >> YES, WE DO. THE FINANCIAL REPORT IS IN FRONT OF YOU. IF YOU GUYS HAVE ANY QUESTIONS, PLEASE LET ME KNOW. >> JOSH, MY ONLY QUESTION IS WHERE EFFECT I FEEL IT ALWAYS LIKE A QUARTER BEHIND JUST BECAUSE THE REPORTING PROCESS AND SALES TAX, RIGHT. >> YES. >> SO ARE FY26 BUDGET VERSUS YEAR TO DATE ACTUAL IS A LITTLE UNDER HALF BUT IT LOOKS LIKE WE'RE ROUGHLY ON TRACK TO MEET IT? >> YEAH, SO THIS REPORT ESSENTIALLY GOES THROUGH DECEMBER THROUGH JUNE. THAT'S WHEN IT'S BEEN RECORDED FOR THIS FISCAL YEAR AS FAR AS SALES TAX IS CONCERNED. SO IT'S ALWAYS GOING TO LOOK LIKE IT IS A FEW MONTHS BACK, BUT THEN IT GOES TO NOVEMBER. SO WE CLOSE OUR BOOKS TECHNICALLY AT THE END OF SEPTEMBER BUT WE DON'T FINALIZE THEM UNTIL WE HAVE RECOGNIZED THAT REVENUE IN THE -- >> RIGHT, I KNOW THAT IF [01:00:03] [INDISCERNIBLE] THEY DON'T GO ART MATICALLY, THEY KIND OF WAVE THEMSELVES BUT I GUESS IF I DIVIDE 2.4 MILLION BY FOUR QUARTERS, IT'S ABOUT 600,000 PER QUARTER, RIGHT. MAYBE WE'RE JUST A SHY UNDER THAT -- SO DO YOU FEEL GOOD THAT WE'RE ON TRACK TO COME AT LEAST CLOSE TO OUR PROSPECTED BUDGET? >> I'VE BEEN GOING THROUGH THE REVENUE NUMBERS RECENTLY AND SALES TAX IS THE ONE THAT I GENERALLY DON'T FINALIZE UNTIL LIKE I HAVE TO SUBMIT THE PROPOSED BUDGET, JUST BECAUSE IT'S ANOTHER DATA POINT. IF YOU LOOK AT PAGE 3, YOU WILL SEE THERE WAS A TREND THAT WAS BEGINNING BASICALLY IN JANUARY -- I'M SORRY, IN DECEMBER THAT ENDED IN NUMBER, , WHERE THE FIRST FEW MONTHS WE WERE DOWN, IT STARTED PICKING BACK UP AND MAY AND JUNE IT WAS GOING BACK UP. THOSE ARE SOME GOOD THINGS, MAY ON ITSELF WAS JUST A REALLY GOOD MONTH. JUNE IS THE FIRST MONTH THAT WE RECOGNIZED -- NO, I'M SORRY, MAY WAS THE FIRST MONTH THAT WE RECOGNIZED COSTCO SALES TAX. IT WASN'T LIKE A FULL MONTH BUT THAT'S WHEN IT STARTED HITTING OUR TAX ROLLS. AND THEN YOU KNOW, OTHER THINGS THAT HAVE BEEN COMING ON AS WELL. SO OUR ISSUE IS MORE MACROECONOMICS THAN ANYTHING, AND SO I HAVE NOT -- I AM NOT CONCERNED ABOUT HITTING OUR PROJECTED NUMBERS, BUT WHILE I WAS EXTREMELY CONSERVATIVE LAST YEAR IN OUR REVENUE PROJECTIONS AS FAR AS OUR SALES TAX IS CONCERNED, I WILL BE EVEN MORE CONSERVATIVE THIS YEAR. >> OKAY, I GUESS THE GENESIS OF THAT IS IF WE'RE MORE OR LESS ON TRACK, THEN WE CAN CONTINUE WITH OUR BUDGETARY PLANNING AS IF WE WERE ON TRACK. >> AS IF WE'RE -- >> OKAY. >> I HAVE ONE QUESTION. THERE WAS SOME QUESTION IN THE PAST ABOUT THE COMPTROLLER PUTTING THINGS IN THE RIGHT BUCKETS, AND I THOUGHT THAT WE HAD AN ISSUE WHERE THAT GOT CORRECTED AND THEN IT GOT -- IT WAS AN ERROR AGAIN. ON ONE PARTICULAR -- >> SO THERE WAS A PARCEL AND THAT HAS OFFICIALLY BEEN CORRECTED. WE ARE CURRENTLY PAYING FOR IT NOW. >> OKAY. >> AND YOU WILL SEE THAT REFLECTED IN THE NEXT FEW COLLECTIONS, BECAUSE IT COMES OUT OF OUR MONTHLY COLLECTIONS, THAT'S HOW IT'S PAID FOR. WE DIDN'T WRITE A CHEQUE FOR IT. BUT EVEN STILL, I'M NOT -- THAT IS NOT SOMETHING THAT IS GOING TO AFFECT US GETTING TO THE END OF THE YEAR. >> OKAY. SO -- BUT NOW IT'S BEEN CORRECTED? >> YES, MA'AM. >> LIKE FINAL CORRECTED? >> YES, MA'AM. >> THE FUNDING OF IT -- >> WE'RE PAYING IT BACK. >> AND WHAT IS THAT TERM, IT'S A SENSITIVE PAYBACK -- >> OVER A FIVE-MONTH PERIOD. >> OKAY, THANK YOU. >> ANY OTHER QUESTIONS ABOUT THE MONTHLY REPORT? >> I GUESS -- SORRY ON THAT VEIN, I THINK MAYBE I'M JUST GOING TO ASK THE QUESTION BUT I LIKE THE SOCRATIC METHOD I GUESS. IT DOESN'T REQUIRE AN ANSWER TONIGHT BUT FOOD FOR THOUGHT... THE SALES TAX COLLECTION ISSUE INVOLVING SPECIFICALLY ESD AND I KNOW THERE'S BEEN AGREEMENT CREATED ALMOST LIKE A THREE-TIER SYSTEM BECAUSE YOU'VE GOT PROPERTIES PRIOR TO THE 2015 AMENDMENT FROM THE ESD, YOU'VE GOT THEIR 2021 PUBLIC REFERENDUM THAT THEN ALTERED IT AND THEN YOU HAVE PUBLISHED SO YOU REALLY ALMOST HAVE FOUR DIFFERENT CLASSES OR CATEGORIES OF TAXABLE PROPERTIES WITHIN THE CITY AND ITS ETJ. IS THAT A FAIR STATEMENT? >> YES. >> AND I HAVE ZERO FAITH AT THE RISK OF SAYING THIS ON PUBLIC RECORD THE COMPTROLLER HAS ANY IDEA ABOUT HOW THAT WORKS OR WHAT THE JURISDICTIONS ARE, I HAVE EVEN LESS FAITH THAT THEY'RE ADVISING THE BUSINESSES ON HOW THEY'RE SUPPOSED TO BE PAYING THEIR TAXES OR WHETHER THEY'RE BEING PAID CORRECTLY. AGO, WE REACHED OUT TO THE COMPOSITE TROWELER COMPTROLLER AND WE ASSISTED THEM IN UPDATING OUR BOUND RIFLES. THAT IS SOMETHING BOUNDARIES. THE COMPTROLLER DOES NOT KNOW WHEN YOUR BOUNDARIES HAS CHANGED. SO WHERE WE MISSED THE MARK WAS INFORMING THEM. SO ANYTIME WE MAKE A CHANGE, WHETHER SOMETHING HAS BEEN ANNEXED OR DEANNE NEXTED, DE-ANE TO LET THEM KNOW. AND WE DO SPOT-CHECKS, WE CHECK THINGS ON A QUARTERLY AND ANNUAL BASES TO JUST IDENTIFY IF THESE THINGS ARE IN THE RIGHT AREAS OR NOT. AND MY BIGGEST ISSUE IS I AM STILL UNFAMILIAR WHICH ZONE IS WHICH HERE AND SO I HAVE TO GO AND CHECK OR -- YOU KNOW, AND JUST -- BUT EVENTUALLY, LIKE THAT'S JUST SOMETHING THAT I WILL GET USED TO. >> WELL, I HAVE FAITH IN YOU SO IF YOU TELL ME IT'S FINE, I BELIEVE IT'S FINE. IT'S A SHOCKINGLY COMPLICATED [01:05:02] SITUATION. >> IT IS. THERE'S JUST NOT A WHOLE LOT THAT YOU CAN DO ABOUT THAT AND TO BE PERFECTLY HONEST I'M NOT THAT CONCERNED. IT'S JUST EXTRA MATH. >> IT GIVES ME CONFIDENCE TO KNOW THAT YOU'RE ON IT AND IT'S ON YOUR PLATE. >> WELL, THANK YOU. BUT IT'S JUST SOMETHING THAT WE DO HAVE TO CHECK, BECAUSE LIKE IT'S A PRETTY LARGE PORTION OF OUR ANNUAL REVENUE. AND WE HAVE TO MAKE SURE THOSE THINGS ARE CORRECT. ANY OTHER QUESTIONS ABOUT THE MONTHLY REPORT? EXCELLENT. THEN I'M GOING TO GO RIGHT INTO OUR BUDGET DISCUSSION. SO ONE OF THE THINGS THAT I'VE SEEN THIS CITY HAS NOT HAD PREVIOUSLY IS A STRATEGIC PLAN TO BUILD ITS BUDGET AROUND. A STRATEGIC PLAN IS GENERALLY A ONE TO THREE-YEAR PLAN. I ANOTHER YOU'RE LOOKING AT ME FUNNY. YOU GUYS MIGHT HAVE HAD HAD A STRATEGIC PLAN, THERE HAVE BEEN SOME THAT THE BUDGET HAS NEVER BEEN BASED OFF THE STRATEGIC PLAN AND THAT IS HOW YOU TIE THE GOALS OF THE CITY BACK TO THE BUDGET TO ENSURE THAT WE'RE GETTING THINGS DONE. THIS YEAR IS NO DIFFERENT. SO LAST YEAR, MY BIGGEST ISSUE WAS LIKE WHAT ARE WE TRYING TO ACCOMPLISH AND WHY? OUR NEW CITY MANAGER STARTED IN NOVEMBER. I THINK IT WAS HIS SECOND DAY HERE. WE HAD A VERY LONG DISCUSSION ABOUT THE AREAS THAT WE NEEDED TO ADDRESS TO START GETTING THINGS MORE LINED UP TO HOW WE KIND OF NEED THEM TO BE. IN ORDER TO BUILD A BUDGET TO IDENTIFY WHAT WE'RE SPENDING MONEY ON, WE NEED THE GOALS AND THE PRIORITIES TO SPEND THAT MONEY ON. YOU GUYS HAVE STARTED YOUR STRATEGIC PLAN I WANT TO SAY IT WAS -- WHAT, OCTOBER-NOVEMBER OF LAST YEAR? IT HAS BEEN PUT ON PAUSE, SO THE CITY CAN CATCH UP. OUR STRATEGIC PLANS NEED TO ALIGN. THEY WON'T BE IDENTICAL BUT THEY SHOULD ALIGN. SO IN THE SHORT-TERM, WE MET WITH COUNCIL BACK IN FEBRUARY, WE HELD A TWO-YEAR KIND OF RETREAT AND A TWO-DAY RETREAT TO KIND OF IDENTIFY WHAT SOME OF THESE GOALS ARE. AND THEN START IDENTIFYING THE PROCESS TO START THAT STRATEGIC PLAN TO HAVE THAT DOCUMENTED FOR THE PUBLIC. SO IN THE MEANTIME, WE ESSENTIALLY CAME UP WITH FOUR GOALS TO BE BUDGETING AROUND FOR THIS YEAR. NUMBER 1 WAS TO TRANSFORM THE DOWNTOWN INTO A VIBRANT COMMUNITY DESTINATION. THAT IS ONE OF THE MAJOR FOCUSES OF THE THINGS THAT WE ARE TRYING TO DO. SO KIND OF THE FIRST BULLET POINT THERE, CITY LED PUBLIC-PRIVATE PARTNERSHIP FOR DOWNTOWN REDEVELOPMENT. WE HAVE STARTED THAT PROCESS. THERE ARE SOME COSTS RELATED TO THAT. THIS IS HOW WE IDENTIFY WHAT WE NEED TO DO. WE HAVE A GOAL, WE HAVE SOME BULLET POINTS ON HOW WE CAN ACHIEVE THAT GOAL AND WE START TRYING TO DO THOSE THINGS. ONE OF THE OTHER THINGS ON THERE, THE PEDESTRIAN SPACES, WE'VE GOT OUR MOBILITY MASTER PLAN THAT WE'RE WORKING ON. TO SUPPORT RESTAURANTS, RETAILERS AND ENTERTAINMENT, THAT IS SOMETHING THAT WE'VE KIND OF COME IN THAT FIRST PHASE A WE START IDENTIFYING KIND OF WHAT SOME 69 NEEDS ARE. AND THEN CREATE PUBLIC GATHERING SPACES, ALSO A PART OF THAT. ONE OF THE OTHER THINGS THAT YOU WILL SEE -- NO I'M SORRY, YOU'VE ALREADY SEEN IT IN THE LAST COUNCIL MEETING WAS THE CITY COUNCIL APPROVED $2.4 MILLION FOR THE DOWNTOWN PARK, FOR THE PARKING AREA, AND SOME KIND OF STRATEGIC AREAS FOR LIKE SOME TREE MITIGATION, MAKE SURE THE IRRIGATION CAN WORK PROPERLY. IDENTIFYING THE GOALS FOR THAT PUBLIC GATHERING SPACE, WHAT WE NEEDED FOR IT AND THEN TYING THAT BUDGET TO THAT GOAL. THAT'S THE IDEA -- >> I WANT TO STOP YOU FOR ONE SECOND. HE MAY NOT BE FAMILIAR WITH THAT MEETING. HE'S TALKING ABOUT NOT THE DOWNTOWN PARK, HE'S TALKING ABOUT CITY PARK. >> I'M SORRY IF I -- YEAH, CITY PARK. BUT THE -- I'M GOING TO GO THROUGH THESE AND START TO TIE THEM BACK TO THE BUDGET. GOAL NUMBER 2 WAS LEAD SUSTAINABLE INFRASTRUCTURE AND WATER INNOVATION. WE DO HAVE A MASSIVE PROJECT GOING ON RIGHT NOW FOR OUR WATER NEEDS. IT'S NOT PLANNED TO BE FINALIZED UNTIL 2030 BUT WE'VE GOT A LOT OF WORK TO GET IT OPERATIONAL BY THAT POINT. BUT THAT IS NOT THE ONLY THING THAT WE NEED TO DO TO ENSURE THAT WE HAVE SUSTAINABLE WATER, WASTEWATER AND INFRASTRUCTURE. AND PART OF THAT IS MAKING SURE THAT WE ARE PARTNERING WITH OUR NEIGHBORS, LIKE WILCO TO MAKE SURE THAT WE ARE GETTING THINGS RE-ALIGNED AND GETTING THINGS IN AN EASEMENT AND SO WE'RE NOT HAVING TO GO BACK A COUPLE OF YEARS LATER AND MOVE IT AND PAY OUT MORE MONEY. IT'S TRYING TO MAKE SURE WE DON'T PUT THE CART BEFORE 9 BEFE HORSE. GOAL NUMBER 3 IS ADVANCE REGIONAL MOBILE AND CONNECTIVITY. IT STARTS WITH WAVES BUT WE'VE [01:10:02] GOT 29 AS A MAJOR CORRIDOR, WE'VE GOT MAIN STREET, WE'VE GOT 1869. AND THEN WE HAVE ALL THE FEEDER STREETS THAT GO INTO OUR NEIGHBORHOODS, AND ALL OF THOSE THINGS AT A CERTAIN POINT NEED TO BE BUDGETED FOR MAINTENANCE, PLANNED FOR MAJOR RECONSTRUCTION, YOU KNOW, HOW DO WE ADD THOSE AND WHEN IT COMES TO LIKE TRAILS AND PARKS, WE WANT TO MAKE SURE ALL OF THOSE THINGS ARE CONNECTED AND THAT YOU DON'T JUST HAVE -- YOU HAVE THE SIDEWALK ENDS HERE, STARTS 500M DOWN -- THE OTHER SIDE AND YOU HAVE TO TRAVERSE A SWAMP TO GET TO THAT, THIS JUST DOESN'T WORK. SAME THING, ONE CITY BUILDS A ROAD THAT COMES OUT TO HERE, ANOTHER CITY BUILDS -- HOW ARE YOU GOING TO ALIGN THAT UP. HOW DO YOU MAKE THAT HAPPEN? BUT ALL OF THAT PLANNING COSTS MONEY AND IF YOU DON'T BUDGET FOR IT APPROPRIATELY, YOU'RE EITHER NOT GOING TO GET AN ADEQUATE PLAN TO ADDRESS YOUR NEEDS OR YOU'RE JUST NOT GOING TO DO IT AT ALL. AND THEN ALSO I THINK A BIG ONE JUST FOR THE CITY ITSELF, COMMUNITY TRUST AND ORGANIZATIONAL EXCELLENCE. WE HAD A HIT OF NOT BEING GOOD NEIGHBORS, AND I THINK WE HAVE WORKED VERY HARD OVER THE LAST 18 MONTHS NO TRY TO FIX THAT. BUT WE STILL HAVE A LONG WAY TO GO AND THEN I THINK JUST PART OF THE DISCUSSION TONIGHT SHOWS YOU KNOW, THAT WE HAVE A LONG WAY TO GO JUST WITH OUR BOARDS TO MAKE SURE THAT WE ARE STRATEGICALLY ALIGNED AS WE MOVE FORWARD. MY PERSONAL OPINION, THE EASIEST WAY TO ENSURE THAT YOU'RE STRATEGICALLY ALIGNED IS YOUR BUDGET. IT IS A ONE-YEAR PATH FOR YOUR GOAL OF A MULTIYEAR GOAL, AND HOW ARE YOU GOING TO ACHIEVE THAT? SO WE ASKED COUNCIL TO ESSENTIALLY ADOPT THESE FOUR GOALS AS OUR STRATEGIC PLAN IN LIEU OF A PLAN THAT WE ARE CURRENTLY WORKING ON. AND WE WANT TO ENSURE THAT BOTH THE EDC'S STRATEGIC PLAN AND THE CITY'S S & P ARE IN ALIGNMENT. AND IT WILL START TYING BACK TO YOUR BUDGET. ONE OF THE THINGS THAT GILSON -- I'VE GONE THROUGH THIS WITH THE CITY COUNCIL AND THE -- EXPIEW GUYS ARE VERY AND YOU GUYS ARE VERY MUCH IN THE SAME BOAT. IT DOES KIND OF TELL A STORY. SO IF YOU GUYS LOOK AT YOUR FIVE-YEAR FUND BALANCE HISTORY AND HOW IT HAS GROWN OVER THOSE LAST FIVE YEARS, YOU GUYS ESSENTIALLY HAVE ROUGHLY THREE YEARS OF OPERATING EXPENSES IN YOUR FUND BALANCE. WHICH IS GREAT, BUT GENERALLY, YOU WOULD HAVE THAT CAPPED AT ABOUT SIX MONTHS. AND THEN YOU WOULD BE UTILIZING THE REST OF THAT FOR PROJECTS AND THE VARIOUS THINGS. NOW, HOW DID YOU GET TO THIS POINT? WELL, SO FIRST OF ALL, YOU GUYS HAVE HISTORICALLY -- AND I'M NOT SAYING YOU GUYS BUT JUST FOR YOUR BUDGET, YOUR BUDGETING REVENUES IN '22 AT 908, YOU TOOK IN 1.5, ALMOST DOUBLE. SAME THING FOR 2023, 2024 IS ANOTHER ALMOST DOUBLE YEAR. 2025, 2026 -- NOW, 2026 LOOKS WEIRD BUT THAT'S JUST YEAR TO DATE. LIKE THAT'S WHAT WE'VE COLLECTED, WE STILL HAVE FIVE MORE MONTHS TO GO. AWESOME. SO WE STILL HAVE SOME TIME. I'M NOT WORRIED ABOUT 2026. IT'S THE FIRST FOUR YEARS IN FRONT OF US. THE OTHER HALF OF THAT STORY IS YOUR EXPENSES. SO 22, I DON'T -- THAT WAS JUST A WEIRD YEAR FOR YOU GUYS. 2023, YOU BUDGETED AT 1.3, YOU EXPENSED 1.7. THE FOLLOWING YEAR, YOU BUDGETED 791, YOU EXPENSED 1.3. AND THEN YOU GET TO '25, AND IT SHIFTS. YOU GET TO '26 AND IT SHIFTS. >> I CAN SPEAK TO THOSE -- WE WERE CATCHING UP IN SOME AREAS AND PAYING SOME AGREEMENTS -- >> IT'S GENERALLY THOSE AGREEMENTS AND THOSE ONE OF THE THINGS THAT THE SINGLE BIGGEST ADDITION THAT YOU WILL SEE IN YOUR UPCOMING BUDGET IS JUST THE COSTCO REIMBURSEMENT. IT'S SOMETHING THAT WE'VE ALL -- IT'S BEEN TALKED ABOUT IN THE CITY SINCE 2008, FINALLY CAME TO FRUITION, AND NOW WE HAVE TO GET IT ON THE BOOKS. >> AND THEN WE INVESTED INTO DOWNTOWN. >> YES, MA'AM. AND SO -- BUT THIS IS JUST YOUR CASH. THIS IS NOT INCLUDING WHAT YOUR TOTAL ASSETS -- LIKE IF YOU'RE -- IF YOU OPEN YOUR BOOKS, LIKE IT'S MORE THAN IN A BUT LIKE CASH ON HAND IS WHAT YOU HAVE RIGHT NOW. SO IF YOU TAKE EVERY LINE ITEM IN YOUR BUDGET, 97% OF THEM HAVE NOT CHANGED OUTSIDE OF ANY INFLATIONARY NEEDS. WHAT HAS BEEN ADDED THAT WILL STICK UP FIRST AND FOREMOST IS [01:15:04] THE COSTCO 380 AGREEMENT. NEXT IS THE PORTION THAT WE WOULD HIKE THE EDC TO AGREE TO PAY FOR THE DOWNTOWN PROJECT. IF I REMEMBER CORRECTLY, IT IS ABOUT ONE-THIRD OF THE OVERALL COST, AND THOSE EXPENSES WOULDN'T START UNTIL AFTER OCTOBER 1. THE NEXT IS PARKS, $200,000. THAT IS FOR -- I HONESTLY -- [INDISCERNIBLE] MIGHT BE ABLE ANSWER OUR QUESTION, HE IS OUR RESIDENT [INDISCERNIBLE] IN THIS BUILDING CURRENTLY. AND THEN THE OTHER THING THAT WE HAVE INCLUDED IS A RIDESHARE PILOT. IF YOU GUYS HAVE SOME QUESTIONS ABOUT THAT, I CAN LET THOMAS TALK ABOUT THAT. BUT THIS IS VERY NEW. IT IS NOT SOMETHING THAT WE'VE EVEN HAD AN OPPORTUNITY TO TALK WITH COUNCIL ABOUT BUT IT IS SOMETHING THAT I HAD EVEN LOOKED AT IN MY LAST CITY BECAUSE IT WAS -- WHEN THESE THINGS ARE COMING ON AND I LOVE THIS KIND OF THING. BUT WE CAN GET MORE INTO THAT BUT OUTSIDE OF THAT, YOUR OPERATIONAL BUDGET IS ESSENTIALLY THE SAME AS IT IS LAST YEAR. WE HAVE A DRAFT BUDGET THAT IS READY FOR THE EDC FINANCE SUBCOMMITTEE. I BELIEVE THAT MEETING WAS THE 28TH OF JULY [INDISCERNIBLE] SO YVONNE AND I WILL BE THERE TO GO THROUGH ALL OF THOSE THINGS, WITH THE SUBCOMMITTEE AND ANY QUESTIONS THAT YOU GUYS HAVE AT THAT TIME. BUT THE BIGGEST ADDITIONS THAT YOU WILL SEE IN THAT BUDGET AND IN THE DRAFT BUDGET ARE THESE FOUR THINGS. JUST BASED OFF MY CURRENT REVENUE -- AND I'M STILL GOING TO BE POLISHING THAT FOR ABOUT THE NEXT TWO WEEKS -- I HAVE ALL OF THESE THINGS [INDISCERNIBLE] INTO YOUR BUDGET AND THERE'S STILL ABOUT $200,000 LEFT TO ALLOCATE. SO THE REVENUE IS THERE, THE EXPENDITURES ARE THERE, WE ARE JUST TRYING TO BALANCE THOSE THINGS OUT SO THAT, ONCE WE HAVE A BUDGET WHERE YOUR EXPENDITURES AND YOUR REVENUES ARE ROUGHLY EVEN, THEN WE CAN START IDENTIFYING WHAT WE WANT TO DO WITH FUND BALANCE OVER LONG TERM FOR VARIOUS PROJECTS. BUT AS FAR AS THE DOWNTOWN COMPONENT THAT WAS TALKED ABOUT WITH THOMAS, THAT COST IS 470, I WOULD WANT TO SAY THE TOTAL IS ROUGH BY 1.5, 1.4 AND A LOT OF CHANGE -- BUT THAT WAS THE PORTION THAT WE THOUGHT WAS THE MOST APPLICABLE FOR THAT BID. >> I HAVE A QUESTION ABOUT THE REVENUE EXPENSES YOU WERE MENTIONING, BECAUSE THAT'S NOT ALWAYS I GUESS WHAT I'VE LEARNED IN EDC TRAINING IN THE PAST AND FROM PAST DIRECTORS. I'VE HEARD MORE THAT WE WANT TO SAVE SOME FUNDS FOR RECRUITING OF EMPLOYERS OR TAX DOLLARS FOR OUR COMMUNITY. SO IF WE DON'T HAVE MONEY IN A FUND FOR THAT AND WE'RE BASICALLY OPERATING WITH SIX MONTHS OF EXPENSES IN OUR ACCOUNT, HOW DO WE FULFILL THAT RECRUITMENT -- >> RIGHT NOW YOU ARE OPERATING WITH THREE YEARS. >> RIGHT, RIGHT. >> THAT'S NOT EVEN YOUR OPERATING. THAT IS LIKE YOUR SAVINGS ACCOUNT THAT YOU DON'T HAVE TO TOUCH TO CONDUCT YOUR DAILY BUSINESS. AND SO THE -- WHAT YOU ARE TALKING ABOUT IS ESSENTIALLY BEING ABLE TO PROVIDE LIKE IF SOMEBODY -- IF A BUSINESS COMES IN AND SAYS THIS BUDGET YEAR BEFORE THE END OF THE ISN'T AND IS LIKE HEY, I'VE GOT THIS THING AND I COULD DO A 20,000-DOLLAR GRANT FOR THIS THING, THAT IS WHAT YOUR FUND BALANCE IS FOR. YOU DON'T NEED TO BUDGET THAT. YOU NEED TO AMEND YOUR BUDGET FOR WHEN THAT TIME IS READY. >> WE'RE SPENDING EVERYTHING YEAR ON YEAR WE COME OUT WITH BUT IT SOUNDS LIKE YOU'RE TALKING ABOUT IS BASICALLY ALLOCATE ALL THE FUNDS EVERY YEAR, THEN THAT FUND BALANCE WON'T GROW AT ALL. >> RIGHT NOW, I DON'T -- I DON'T THINK YOU NEED TO BE GROWING. >> IT'S NOT A BIG DEAL THAT YOU NEED. >> I WOULD ARGUE TO TIFFANY'S POINT, I FEEL IT'S REALLY MORE A QUESTION FOR SMALL BUSINESSES, DO WE NEED TO RETAIN SOME DRY POWDER ON THE SIDE SO IF WE HAVE A SMALL BUSINESS COMING IN LOOKING FOR AN INCENTIVE WE HAVE THE CASH IN THE BANK TO GIVE TO THEM BUT I DON'T THINK WE'RE IN DANGER OF THAT -- >> YOU ARE NOT. >> WILL ILIBERTY HILL HAS DIFFET NEEDS AN TO BE STRATEGIC ABOUT INCENTIVIZING SOMEBODY THAT WE NEEDED TO ALSO ANNEX WITH POTENTIALLY EVEN SOME INFRASTRUCTURE SUPPORTS -- >> YEAH, FOR A LARGE DEAL WE DON'T HAVE THAT MUCH MONEY, NOT EVEN ENOUGH MONEY TO PUT ENOUGH PIPES IN THE GROUND FOR ONE DEAL NECESSARILY. >> YEAH, I THINK THAT'S A GREAT DISTINCTION. SO IF YOU'RE TALKING ABOUT A LARGE PROJECT, I MEAN, REALLY BIG, 50, 75, 100-ACRE INDUSTRIAL TYPE DEAL, WE'RE NOT EVEN IN THE [01:20:01] BALLPARK, $6 MILLION -- $16 MILLION ISN'T IN THE BALLPARK, RIGHT. SO WE'RE DEFINITELY NOT TALKING ABOUT THOSE THINGS. Y'ALL DON'T HAVE THE FUND BALANCE OR EVEN THE ANNUAL REVENUE TO SUPPORT A PROJECT LIKE THAT TODAY. MAYBE DIFFERENT IN TEN YEARS. A COUPLE OF THINGS THAT I WANT TO POINT OUT: NUMBER 1, THE DOWNTOWN PROJECT, THAT FUNDING IS ONE TIME FUNDING. SO IT'S NOT REPEATING EVERY YEAR. >> THAT'S EFFECTIVELY EVERYTHING UP 000 PREDEVELOPMENT, RIGHT. THAT'S NOT ANY OF THE CONSTRUCTION COSTS. >> CORRECT. >> ONE TIME FOR [INDISCERNIBLE] >> CORRECT. >> AND WE HAVEN'T TALKED ABOUT OUR CURRENT -- ANOTHER TIME. >> I KNOW, JUST SAYING. >> RIGHT. THE RIDESHARE PILOT, WHICH WE CAN TALK ABOUT, THAT IS ONE TIME FUNDING. AND THERE IS NOT AN ONGOING COST ASSOCIATED WITH THAT, THAT WE WOULD PROPOSE FOR THE EDC. I'LL TALK BECOME WHY THAT RIDESHARE PILOT IS SIGNIFICANT RELATIVE TO SALES TAX IN A MINUTE. THE OTHER ANYTHING THAT I WOULD WANT TO CONSIDER HERE IS, WITH ALL OF THE -- THE ORDER OF MAGNITUDE OF THE DOWNTOWN REDEVELOPMENT PROJECT, RIGHT, LIKE WE DO NEED TO KEEP SOME POWDER DRY KNOWING THAT THERE'S GOING TO BE SIGNIFICANT CONTRIBUTION NEEDED ON ALL SIDES, EDC, CITY, ALL OF THAT. AND SO WHEN WE LOOKED AT THAT AMOUNT, AND JOSH MENTIONED IT EARLIER, EVEN IF ALL OF THIS WAS ALLOCATED FOR FY27 AND NOTHING ELSE CHANGED IN THE FY27 BUDGET FROM FY26, WHEREBY WE'VE SEEN YEAR OVER YEAR A SUBSTANTIAL AMOUNT OF MONEY BEING PUT TO FUND BALANCE, SOMETIMES $900,000, WE'RE STILL PROJECTING A RECOVERLY 250,000-DOLLAR OVER APPEARING FOR FY27 AND THAT'S ASSUMING THE SALES TAX DOESN'T INCREASEMENT FROM THE CITY'S PERSPECTIVE WE'RE NOT EVEN PROJECTING SALES TAX FOR THINGS LIKE TARGET FOR FY27. SO YOU'VE GOT THIS OPPORTUNITY KIND OF ONE TIME TO KNOCK SOME OF THESE THINGS OUT AND PARK INR IN THESE PROJECTS. BUT THAT 6 MILLION-DOLLAR FUND BALANCE, IT'S NOT GOING TO GET YOU INTO THE LIKE NASA'S MOVING THEIR HEADQUARTERS SITUATION. IT IS ENOUGH THAT YOU COULD DO TWO OF THE THINGS THAT Y'ALL HAVE MENTIONED, MEDIUM-SIZED BUSINESS PARTNERSHIP, MAYBE THERE'S A UNIQUE OPPORTUNITY TO GET SOMETHING SUPER ATTRACTIVE IN SEWARD JUNCTION AND EDC IS GOING TO PLAY A ROLE IN, YOU KNOW, HELPING BUILD A TURN LANE SO THAT THIS HEADQUARTERS WILL RELOCATE TO THAT AREA OR SOMETHING TO THAT EFFECT, THAT'S JUST A COMMON EXAMPLE, THOSE THINGS ARE DOABLE, AND THEN OBVIOUSLY PARTICIPATION IN THE DOWNTOWN PROJECT, WHICH I THINK GOES BACK TO THE WALKING AND CHEWING BUBBLE GUM ANALOGY. >> AND NOW THE TWO OF YOU KNOW THAT WE HAVE BEEN WORKING ON A DOWNTOWN PROJECT, YOU CAN ALSO UNDERSTAND PARTLY WHY WE WERE TRYING TO RESERVE SOME DRY 30UDER FOR POWDER FOR THAT SITUATION. >> WELL, YOU'VE GOT IT. >> SO THE PARKS IS ANNUALLY, IS THAT -- >> THE PARKS ONE WE WOULD ANTICIPATE BEING ANNUAL. YEAH. AND THAT'S JUST SIMPLY ONE OF THE BIG THINGS THAT THE COMMUNITY IS KIND OF CRYING OUT FOR IS MORE IMPROVEMENT IN THE PARK SYSTEM. AND WE DON'T -- IS RICH HERE TONIGHT, BECAUSE I DON'T WANT TO OFFEND HIM. BUT WE'VE GOT THE WORLD'S SMALLEST PARKS SYSTEM. >> IS THE PARK SYSTEM AN EXPENSE FOR EDC? >> YES. >> I DO HAVE A QUESTION THOUGH. I KNOW THAT WE WERE DOING THESE CROSS COMMUNICATION MEETINGS OCCASIONALLY AND I KNOW THE PARKS SYSTEM DOES HAVE A TEN-YEAR PLAN, I THINK IT'S PROBABLY AT LEAST I DON'T YEARSN NOW. AT THE POINT DON'T HAVE ANY FUNDING FOR THIS. SO I HAVE TWO QUESTIONS AND THIS MIGHT NOT BE THE TIME TO ANSWER THEM BUT AT SOME POINT IF I COULD GET AN ANSWER. HOW DO MOST CITIES OF OUR SIZE FUND THEIR PARKS, IS IT THROUGH THEIR EDC OR IS THAT ANOTHER WAY TO DO THAT MORE COMMONLY? >> WE'RE DOING A PARKS MASTER PLAN RIGHT NOW. IF THERE'S A PLAN THAT YOU CAN DO FOR A CITY, WE'RE DOING IT. JUST LIKE PEOPLE ARE -- IT'S A LOT. ANYWAYS, YES, MANY CITIES HAVE AN EDC TRANSFER TO THEIR PARKS PROGRAM. THIS IS NOT FULLY FUNDING A PARKS PROGRAM AND THIS IS NOT THE ONLY FUNDING FOR THE PARKS PROGRAM. THIS IS A SUPPLEMENTATION THAT WOULD ALLOW THAT. WE KNOW THAT THE NEEDS COMING OUT OF THE NEW PARKS MASTER PLAN ARE GOING TO BE VERY SIGNIFICANT, AND THIS ISN'T GOING TO TOUCH THE MAJORITY OF IT. BUT IT WILL BE ENOUGH THAT WE CAN START SEEING THESE SMALL INCREMENTAL IMPROVEMENTS. I MEAN, JUST APPROVE THE PARKING LOT FOR $2.4 MILLION. THESE PROJECTS ARE REALLY EXPENSIVE. >> MY SECOND PART OF THAT QUESTION IS I KNOW FROM BEING IN THOSE MEETINGS AND FOLLOWING PARKS THAT WILLIAMSON COUNTY HAS [01:25:03] THE KIND OF A MASTER PLAN OF CONNECTING HIKE, WALKING TRAILS AND BIKING TRAILS LIKE THROUGHOUT THE COUNTY AND THERE'S SOME COUNTY/CITY PARTNERSHIPS THAT HAVE HAPPENED, LIKE ARE WE IN THAT MASTER PLAN, ARE WE DERBY HOPE WE'RE ENGAGING IN THAT AND LOOKING FOR FUNDING IN THOSE AREAS AS WELL. >> TOTALLY, ALL THE THINGS. AND THE PARKS PROGRAM THAT IS RECENTLY GOTTEN SOME REALLY SIGNIFICANT GRANTS. THE LAST ONE WAS LIKE YEAH $750,000, SO WE ARE ATTACKING EVERYTHING THAT WE CAN RIGHT NOW. LIKE I DON'T WANT TO BE A VICTIM OF LIKE -- LIKE POT CALLING THE KETTLE BLACK HERE AND DOING MY OWN REAR VIEW MIRROR DRIVING, BUT THE CITY DIDN'T DO A WHOLE LOT WITH PARKS FOR A LONG TIME AND NOW ALL OF A SUDDEN A BUNCH OF PEOPLE MOVED TO LIBERTY HILL THAT ARE SUPER EXCITED TO BE A PART 69 COMMUNITY AND THERE'S LIKE WHERE IS OUR PARKS AND WE'RE LIKE WE'RE TRYING, OKAY, LIKE WE'VE GOT TO GET OFF THE LAUNCH PAD SO THIS IS JUST A PART OF THAT. YEAH. >> I JUST WANTED TO MAKE SURE IT'S NOT JUST A TEN-YEAR PLAN BUT EVEN LONGER AS FAR AS CONNECTING ALL OF THOSE HIKE AND BIKE TRAILS THAT ARE -- I LOVE TO HIKE LONG WAYS AND WE DON'T HAVE THAT HERE. >> THE COOL THING ABOUT THE PARKS PLAN AND DOING THE MASTER MOBILITY PLAN AT THE SAME TIME, WHICH A LOT OF COMMUNITIES DON'T DO FOR VARIOUS GOOD REASONS, VERY HIGH WORKLOAD, IS THAT MOBILITY MASTER PLAN ACTUALLY TALKS ABOUT TRAIL SYSTEMS AND CONNECTIVITY AND HOW WE'RE GOING TO DO THAT, AND WE'RE HAVING A CONVERSATION RIGHT NOW ABOUT SOME WALKING TRAILS WITHIN THE DOWNTOWN DISTRICT AND HOW THOSE COULD CONNECT TO FUTURE TRAIL SEGMENTS AND THIS IDEA OF LIKE IF WE PUT THAT PLAN TOGETHER NOW, THEN WE CAN PARTNER WITH DEVELOPMENT, SO THAT THEY HELP BUILD THE TRAIL SYSTEM AND THAT FULL BURDEN DOESN'T FALL ON THE RESIDENTS, RIGHT. THE PROBLEM IS IN THE YEARS PAST, WE DIDN'T HAVE THE PLANS AND SO IT WOULD HAVE BEEN US JUST GOING TO THE DEVELOPERS LIKE HEY DO YOU WANT TO BUILD US A TRAIL, WHERE DO YOU THINK IT SHOULD GO, I DON'T KNOW. >> DOES THIS WORK BACKWARDS FROM OUR BUDGET, IS THAT HOW YOU CAME UP WITH THESE NUMBERS OR IS THERE ANY RELEVANCE TO $200,000? >> YEAH, $200,000 IS A PRETTY SMALL -- >> YEAH. >> -- AMOUNT RELATIVE TO -- IT'S MORE INTENDED TO JUST BE A STARTER, HIKE JUST TO GIVE THE PARKS PROGRAM A LITTLE HELP. THE RIDESHARE PILOT, THAT COST COMES DIRECTLY OUT OF THE PROPOSAL THAT WE'VE BEEN WORKING ON AND THAT'S THAT STARTUP COST. I'LL TALK ABOUT THAT IN A SECOND. THE DOWNTOWN PROJECT, WE ROUGHLY CUT THAT PROJECT IN TWO-THIRDS SO THE CITY IS COVERING TWO-THIRDS OF THAT COST AND REQUESTING THAT ONE-THIRD OF THAT PHASE 1 COST BE COVERED BY THE EDC. >> I'M TRYING IT REMEMBER, I WORKED ON THESE DEALS BUT I DIDN'T SEE A FINAL VERSION OF THEM. ARE BOTH THE TARGET AND COSTCO AGREEMENTS REBATES OR ABATEMENTS OF TAX? >> OPT DOWNTOWN PROJECT, AMY ALLUDED TO IT BUT I GUESS I NEED IT BLACK AND WHITE. OUR PROPERTY THAT WE'VE SPENT -- I DON'T KNOW -- 1.4 ON, IS THAT JUST WHAT WE'RE GOING TO -- >> WE'RE GOING TO. >> WE'RE GOING TO CATCH YOU UP ON THAT. >> ANOTHER TIME, THEN. >> KIND OF IN THAT SAME VEIN THOUGH, JOSH, SO WHAT WE SHOULD EXPECT TO SEE, THOUGH, IS $627,000 OF REVENUE COMING IN AND THEN GOING BACK OUT. BUT THAT'S IN OUR PROJECTIONS, RIGHT? OKAY. >> YEAH. >> IT'S A WASH. >> IT IS A WASH, BUT I'M SAYING IF YOU'RE JUST LOOKING AT HIS PROJECTIONS, THE 627,000 OF THAT WE ARE NOT KEEPING. >> THANK YOU FOR CATCHING US UP FROM FEBRUARY IT SOUNDS LIKE. >> YES. NOBODY IS GOING TO ASK ABOUT THE RIDESHARE PILOT? >> I AM. >> I WAS ABOUT TO ASK BUT -- THAT'S WHAT IT IS. >> OKAY, SO WHO IS FAMILIAR WITH A RIDESHARE PROGRAM WITHIN A COMMUNITY? ANYBODY? WHO IS FAMILIAR WITH CAP METRO? >> WHAT A LOT OF COMMUNITIES [01:30:08] HAVE DONE IS THEY'VE TRANSITIONED TO A RIDESHARE PROGRAM AND THAT CAN LOOK LIKE A LOT OF DIFFERENT THINGS, BUT IN THIS CASE YOU WOULD ENTER INTO A CONTRACT WITH SOMEBODY WHO WOULD PARTNER WITH UBER. AND THIS IS ESSENTIALLY A VOUCHER SYSTEM WHERE YOU ALLOCATE A CERTAIN AMOUNT OF DOLLARS AND YOU SAY, OKAY, IF YOU WANT TO TRAVEL WITHIN THE CITY, WE'RE GOING TO GIVE YOU THE ABILITY, X AMOUNT OF VOUCHERS PER MONDAY AND YOU CAN USE THAT UBER SYSTEM THAT IS A PART OF THE TO WHERE THAT PROGRAM IS LET'S SAY $5. IF YOU WANTING TO DOWNTOWN, THAT 12-DOLLAR RIDE IS NOW $5 BECAUSE THAT VOUCHER SYSTEM IS COVERING THAT OTHER PORTION. IT'S IMPORTANT TO NOTE THIS ALSO COVERS PEOPLE WITH DISABILITY. SO IF THEY NEED AN ACCESSIBLE ACCOMMODATION, THAT COVERS THEM AS WELL. IT ALSO GIVES YOU A LOT OF FLEXIBILITY AS A CITY BECAUSE YOU GET TO DETERMINE ARE THERE CERTAIN THINGS THAT YOU WANT TO SUBSIDIZE AT A DIFFERENT LEVEL. PUBLIC TRANSIT, IF YOU THINK ABOUT TRADITIONAL PUBLIC TRANSIT, IT IS KIND OF A BURDEN THAT'S BORNE BY EVERYBODY AND VERY FEW PEOPLE USE IT BECAUSE IT'S NOT REALLY ACCESSIBLE -- IT DOESN'T MATTER DAYTIME, NIGHT, LOCATION, YOU'VE GOT THAT ABILITY, SO THAT'S A REALLY IMPORTANT THING. NUMBER 2, IF SOMEBODY COMES IN AND RUNS AN INITIATIVE TO GET THEIR PROGRAM IN THEIR COMMUNITY, YOUR HANDS ARE TIED AND THE COMMUNITY IS NOW FAILING THAT COST EVEN THOUGH THEY MIGHT NOT HAVE ANY BENEFIT FROM IT. A RIDESHARE PROGRAM IS SOMETHING THAT IS WITHIN THE CONTROL OF THE LOCAL JURISDICTION, SO YOU CAN SCALE IT UP OR DOWN. ARE PEOPLE USING IT, DO THEY WANT MORE OF IT? OKAY, THEN WE'RE GOING TO PRODUCE MORE OF IT. DO THEY NOT REALLY FIND THE VALUE AND THIS PILOT DIDN'T REALLY WORK, WELL, WE'LL SHUT IT DOWN. IT'S A UNIQUE WAY TO PROVIDE THAT FLEXIBILITY WITHIN A COMMUNITY. WE'VE ALREADY LOOKED AT A LOT 69 STATISTICS RELATIVE TO HOW MANY DRIVERS ARE IN THE AREA, HOW MANY PEOPLE ARE UTILIZING THIS TYPE OF TECHNOLOGY AND WE SEE A VERY LARGE NEED WITHIN OUR COMMUNITY. NUMBER 2, WE ALREADY TALKED ABOUT THE ACCESSIBILITY PORTION. BUT THERE'S A LOT OF PEOPLE WHO THEY'RE NOT AS FORTUNATE AS EVERYBODY ELSE AND THEY DO SUFFER FROM SOME THINGS AND THEY DON'T HAVE THE ABILITY TO DRIVE OR THEY'RE LATE GETTING TO THEIR MEDICATIONS BECAUSE THERE'S NOT A PUBLIC TRANSIT SYSTEM HERE. AND IF WE CAN REDUCE SOME OF THE BARRIERS THERE, I THINK THERE'S A BIG BENEFIT. NUMBER 3, YOU'VE GOT THE ABILITY TO DO SOME CREATIVE THINGS, RIGHT. LIKE IF YOU WANT TO CREATE A I THINK DID DIFFERENT VOUCHER SYSM WITH A LITTLE BIT OF STRATEGY YOU CAN DO THAT. SO WHAT DO I MEAN? THIS IS ALL DONE BY GEOFENCING. IF YOU PLEASE LIVE IN THE CITY OF LIBERTY HILL, WE'RE GOING TO DO THIS WHOLE GEOFENCING THING SMGHTS THERE'S A THING. LET'S SAY IT'S GOING TO BE A HIGH SCHOOL REUNION, YOU'RE GOING TO HAVE A COUPLE OF DRIRPTION, YOU WOULD PROBABLY TAKE UBER, USE THE VOUCHER SYSTEM, THAT'S COOL. LET'S SAY WE WANTED TO DO -- YOU'RE AMOUNT FAMILIAR WITH WHAT SALES TAX LEAKAGE IS? WHAT'S THE REVERSE OF THAT? SALES TAX THEFT. I'M KIDDING. WHAT YOU DO IS YOU OFFER THIS PROGRAM TO OTHER COMMUNITIES. WE GEOFENCED SOME BIG NEIGHBORHOODS IN CEDAR PARK AND WE SAY HEY, IF Y'ALL WANT TO COME DOWN TO LIBERTY HILL OR SEWARD JUNCTION, IT'S ONLY FIVE BUCKS, WE'LL COVER THE OTHER HALF OR TWO-THIRDS OF THAT RIDE. WE KNOW THEY'RE GOING TO SPEND A LOT MORE THAN $13 WHEN THEY'RE HERE FOR TWO HOURS SO WE CAN START PRODUCING ACTIVATION, TRAFFIC AND WE CAN ALSO DO IT AROUND FESTIVALS OR EVENTS, SO IT GIVES US A VERY TARGETED WAY TO START DRIVING TRAFFIC. >> DOES IT ALSO ELIMINATE SOME OF OUR TRAFFIC CONGESTION? >> I WOULD SAY POTENTIALLY. I DON'T THINK ANYBODY TO THINK THIS SOLVES ALL OF YOUR 2 ISSUES OR ISSUES FOR A NEED FOR AN INTELLIGENT PARKING CONVERSATION DOWNTOWN LONG TERM -- >> IT COULD SLIGHTLY MITIGATE MAYBE SOME PARKING. >> YOU WOULD HAVE TO GET AGREEMENT FROM OTHER CITIES FOR THE AGREE GEOFENCING -- >> NO. >> THERE'S NO LIMITS TO THAT? >> WE SET IT AS A CITY WHERE WE WANT IT TO BE -- OR -- HOW DO W- >> YEAH, AND YOU CAN EVEN SET IT UP TO WHERE LIKE IF SOMEBODY -- YOU CAN JUST DRAW A GENERAL CIRCLE AND SAY IF SOMEBODY WANTS TO COME SPEND TIME DOWNTOWN, THAT WE'RE GOING TO DO A VOUCHER FOR THAT. >> AND WHAT -- IS THIS [01:35:01] MARKETING? WHAT'S THE MEASURED COST IN THIS? >> THEY DO MARKETING BUT THE COOL PART ABOUT THEIR PLATFORM IS LIKE EVERYBODY WHO IS ALREADY USING UBER BEING IT'S GOING TO MARKET IT RIGHT THERE FOR YOU, IT'S LIKE USER BASED MARKETING. >> CAN YOU MAKE IT A REQUIREMENT THAT THEY GET DROPPED OFF AT A BUSINESS VERSUS A BUDDY'S HOUSE OR -- PROGRAMMABLE AND I THINK THE ANSWER TO THAT IS YES. I THINK THERE'S ALSO SOME LIKE DOWNSIDES TO LIKE HOW THAT WORKS, BUT YEAH, IT'S ALL VERY FLEXIBLE, YEAH. >> SO BROADLY, WE'RE GETTING KIND OF BRIEFED ON THIS TONIGHT AND THEN THE SUBCOMMITTEE IS GOING TO DISCUSS THIS ON THE 28TH. WE'LL FIND LIES THE BUDGET AND THEN THE BOARD WILL TAKE ACTION ON THE BUDGET, RIGHT, IS THAT HOW THIS IS GOING TO GO? >> YEAH. >> OUR MEETING IN AUGUST WOULD BE -- >> I WILL LOOSELY TELL YOU THIS WE'VE GOT TO GET EVERYTHING DONE BEFORE IT GOES TO COUNCIL AS A DRAFT BUDGET. SO THIS CONVERSATION SHOULD HAVE STARTED A WHILE BACK. FOR WHATEVER REASON, IT DIDN'T, AND THAT'S FINE, WE'RE HERE TODAY SO WE'RE GOING TO CRAM SOME THINGS REAL QUICK AND GET THIS ALL NAILED DOWN BEFORE THIS THINGS GOES TO COUNCIL. I THINK IT'S REALLY IMPORTANT THAT BY THE TIME -- LOOK COUNCIL'S GOT TO LOOK AT -- I CAN'T REMEMBER THE LAST TIME THAT I COUNTED THESE UP BUT COUNCIL'S GOT TO LOOK AT LIKE 22 DIFFERENT BUDGETS ESSENTIALLY THAT ALL MAKE UP THE CITY'S BUDGET. AND WE HAVE GONE THROUGH ALL 22 OF THOSE BUDGETS, INCLUDING Y'ALL'S. SO IT'S REALLY CLOSE, UNLESS YOU GUYS ARE LIKE WE WANT TO DO SOMETHING COMPLETELY DIFFERENT, WHICH IS TOTALLY FINE, BUT WON'T THIS TO BE ONE OF THOSE BUDGETS THAT COUNCIL LOOKS AT AND GOES, THIS HAS ALREADY GONE THROUGH THE EDC, THE CITY MANAGER RECOMMENDS APPROVAL, DONE AND THAT'S THE POSITION WE WANT TO BE IN. AND IF THOSE THINGS THAT ARE IN THE BUDGET Y'ALL AGREE WITH, AND THEY'RE IN ALIGNMENT WITH COUNCIL'S STRATEGIC PLAN, I THINK WE'RE GOING TO SEE THAT RATIO CHANGE IN 2027, WHERE THE EDC IS SPENDING SOME MONEY AND SOME PROJECTS ARE MOVING FORWARD AND THAT'S KIND OF THE GOAL. WE JUST HAVE LIKE THREE WEEKS TO GET THIS NAILED DOWN NOW. >> IT'S IRONIC BECAUSE WE'RE AHEAD OF THE CITY BY TWO OR THREE MONTHS BUT -- >> THE TIME LINE WOULD BE OUR SUBCOMMITTEE MEETING BEING ON TUESDAY THE 28TH OF JULY AND A SPECIAL CALLED MEETING TO APPROVE THE BUDGET ON JULY 30TH, THE LAST THURSDAY OF JULY? >> BECAUSE IT GOES TO COUNCIL -- AUGUST 8TH? >> SO IF WE FOLLOW THAT TIME LINE -- >> SET A COUNCIL MEETING -- INAUDIBLE ] >> WHEN IS THE SPECIAL CALLED MEETING? >> THURSDAY JULY 30N. >> OH, THAT'S RIGHT. >> AT 5:00? AND IT GOES TO COUNCIL ON -- >> AUGUST 8TH IS WHEN IT'S DELIVERED. >> DO I NEED TO MARK MY CALENDAR OR YOU'RE GOING TO SEND US AN INVITATION FOR THAT? >> YEAH. >> OKAY. WHAT ELSE DO WE NEED TO DISCUSS ON THIS? >> WE REALLY HAVEN'T BEEN INVOLVED IN BUDGET CONVERSATIONS WITH OBVIOUSLY THE BOARD SO I DON'T KNOW WHAT CONVERSATIONS Y'ALL MAY OR MAY NOT HAVE HAD ABOUT THINGS THAT YOU WANTED OR GOALS OR PRIORITIES OR EXPECTATIONS FOR FY27, SO IF THOSE EXIST, AND YOU COULD SHARE THEM, THAT WOULD BE AWESOME. I DON'T -- >> IF YOU COULD PULL THE SLIDE UP AGAIN. WITHIN WHAT WE WERE WANTING TO DO -- >> THIS IS A COMPLETE PARADIGM SHIFT BECAUSE WE WERE THINKING WE WERE GOING TO HAVE TO DO WHATEVER WE DO DOWNTOWN ON OUR OWN. IF THAT'S NOT THE CASE I WAS -- I'LL JUST SAY IT, I WAS PRETTY MUCH ADAMANTLY OPPOSED TO ANY SORT OF PARK FUNDING FROM US BECAUSE I DON'T SEE IT AS PRIMARY TO OUR MANDATE BUT I EXPECTED WE WERE GOING TO NEED EVERY DOLLAR TO DO THE INCENTIVES FOR BUSINESSES THAT WE HAD AND GET THE DOWNTOWN PROJECT OFF THE GROUND. IF THAT'S NOT THE CASE, THEN I THINK THAT THAT SHIFTS ALL OUR THINKING TO RETHINK THE ENTIRE PROCESS. >> YEAH. >> BUT WE NEED TIME TO PROCESS -- PRICE PROCESS IT. LIKE WE ALL NEED TIME TO CHEW ON THIS A LITTLE BIT. >> YEAH. AND ORDINARILY WE WOULD WANT Y'ALL TO HAVE MULTIPLE MEETINGS TO PROCESS THIS AND ASK QUESTIONS AND ALL OF THAT. THAT'S THE NORMAL PROCESS. WE DO HAVE A COMPRESSED TIME LINE. I UNDERSTAND LIKE THAT'S NOT IDEAL. THAT'S WHY WE STARTED THE CONVERSATION EARLY ABOUT GETTING SOMETHING ON THE BOOKS FOR THE SUBCOMMITTEE TO MEET, BECAUSE WE LEARNED THAT THE SUBCOMMITTEE HADN'T MET YET. SO WE'RE KIND OF LIKE COMING UP TO SPEED WITH Y'ALL. >> AND WE WORK PRETTY QUICKLY S- [01:40:08] >> 627, IF YOU'RE SAYING THAT'S AN EVEN WASH OR SOMEWHERE WITHIN, THAT ALSO MAKES SENSE. I THINK THE ONLY THING THAT I WOULD BE [INDISCERNIBLE] -- >> I DO WANT TO MAKE ONE POINT REAL QUICK THERE, BECAUSE YOU'RE NOT GIVING IT TO ANOTHER BOARD. THE PARKS BOARD DOES NOT APPROPRIATE THAT MONEY. CITY DOES. >> WE'RE GIVING THAT MONEY TO COUNCIL. >> YEAH, THE MONEY IS MOVING FROM ONE END TO ANOTHER SO THAT WOULD -- WE CAN REVISIT IN EVEN FIVE YEARS OR THE LONG TERM -- HOW ARE THEY DOING. >> YOU GUYS DO TERM IT BECAUSE THIS IS ONLY A ONE-YEAR BUDGET, RIGHT. >> EVEN THOUGH IT'S APPROVED -- >> THE COMMENT ABOUT ANNUALLY IS THAT THAT'S WHAT WE ENVISION, BUT Y'ALL ARE ONLY APPROVING A ONE-YEAR BUDGET. IT DOES NOT CONTEMPLATE ANY FY28 EXPENDITURE. >> OKAY. >> OKAY, THANK YOU. >> BECAUSE LET'S BE HONEST, TODAY WHERE WE STAND TODAY, WE THINK THAT THIS IS A GOOD USE OF FUNDS. >> WE COULD GET THROUGH PHASE 1 OF THE DOWNTOWN PROJECT AND SOMETHING ELSE OVER IN SEWARD JUNCTION COULD POP OFF AND THIS BOARD COULD BE LIKE, LOOK, WE NEED TO USE ALL THE RESOURCES WE HAVE ON THESE TWO THINGS, WE CAN'T DO THE PARKS THINGS THIS YEAR, TOTALLY LEGIT. WE KNOW THERE'S AN OPPORTUNITY THERE ESPECIALLY WITH THAT PARKS MASTER PLAN JUST GETTING DONE, THERE'S GOING TO BE AN OPPORTUNITY TO FUND A COUPLE OF EXCITING THINGS AND WE KNOW THAT THERE'S THE BAND WIDTH THERE AND WE'RE NOT EVEN TALKING ABOUT FUND BALANCE. THE FUND BALANCE REMAINS UNTOUCHED SO -- YEAH. >> ON THE RIDESHARE PLAN, OBVIOUSLY INTERESTING -- INAUDIBLE ] I'M ASSUMING THAT'S AN ESTIMATE, BECAUSE WE HAVE NO IDEA WHAT THE USAGE WOULD BE OR THE UTILIZATION OF THAT PROGRAM, SO IS THAT A NO GREATER THAN 150K OR IS THAT AN ASSUMPTION? >> SO THAT IS THE ONE-TIME IMPLEMENTATION COST SO IT'S NOT AN ASSUMPTION. THAT IS THE COST. THERE IS AN ANNUAL COST THAT IS -- DEPENDING ON HOW YOU SCALE IT, IT'S ACTUALLY A LITTLE BIT BIGGER THAN THAT. AND THE CITY IS GOING TO COVER THAT PORTION. >> GOT IT. >> SO THIS IS -- YEAH, IT'S JUST A ONE-TIME. >> USING THAT EXAMPLE, THOUGH, AND SORT EVER IN THE VEIN OF THE BUDGET DISCUSSION, AND AGAIN MAYBE IT'S NOT FOR TONIGHT, MAYBE WE CAN MEET AND DISCUSS IT WHEN WE HAVE OUR SUBCOMMITTEE MEETING, JOSH, BUT IT'S NOT CLEAR TO ME WHAT REQUIRES -- AND MAYBE OUR ATTORNEY NEEDS TO BE THERE AS WELL. IT'S NOT CLEAR TO ME IF WE HAVE TO RE-ALLOCATE FUNDS OR ACTUALLY AMID THE BUDGET EVERY TIME WE DECIDE TO EITHER INCREASE FUNDING FOR A CERTAIN LINE ITEM OR NOT IF WE ALREADY HAVE THE MONEY IN THE BANK. LIKE FOR EXAMPLE, THERE WAS THIS SUPPOSED MISCOMMUNICATION OVER THE DEMOLITION OF THE HOUSE ON PROJECT VINTAGE, AND IT'S LIKE, WELL, THERE'S NO WAY FOR US IN THE LINE OF WORK THAT WE DO TO PROJECT WHAT ALL THE FUTURE -- ARE WE GOING TO HAVE TO DO A BUDGET AMENDMENT EVERY SINGLE TIME SOMETHING -- EVERY DOLLAR THAT'S NOT IN THE BASE BUDGET WHEN IT GETS APPROVED AT THE END OF Q3, ARE WE GOING TO HAVE TO DO A BUDGET AMENDMENT EVERY SINGLE TIME WE'RE ASKED FOR AN ADDITIONAL MONEY EITHER FROM A BUSINESS OR THE CITY OR FROM SOME OTHER SOURCE? >> YES. >> OR NO. IT DEPENDS -- SO LIKE IF IT IS ALREADY IN ONE LINE ITEM AND YOU'RE MOVING FROM ONE -- SO IF YOU ARE ADJUSTING YOUR BUDGET, YOU'RE NOT AMENDING YOUR BUDGET, NO. THAT IS DONE AT THE ADMINISTRATIVE LEVEL. BUT IF IT IS MONEY THAT IS NOT THERE, THAT YOU ARE THEN ADDING TO, YES, AND COUNCIL HAS TO DO THAT. YOU GUYS HAVE TO DO THAT. EVERY POURED HAS TO DO THAT IF YOU'RE AMENDING YOUR BUDGET. >> IF A BUSINESS COMES IN AND WE LIKE IT, THE COUNCIL LIKES IT, WE HAVE TO AMEND THE BUDGET TO APPROVE A [INDISCERNIBLE] AGREEMENT. >> YES, AND I WOULD RECOMMEND COUNCIL DO THE SAME THING. >> BUT YOU DO THAT AS PART OF THE APPROVAL OF THE PROJECT ANYWAY -- >> SO IT'S BAKED INTO THE -- >> WE'VE EVEN STARTED DOING THAT WITH COUNCIL, WHERE IT'S LIKE WE ARE BRINGING AN AMENDMENT WITH THE ITEM, AND THAT'S PART OF IT TOO. IF YOU GUYS ARE SAYING WE HAVE CHANGED A LOT OF OUR COUNCIL PROCESS WHERE WE'VE GOT EVERYTHING READY THE WEEK BEFORE, WE'RE JUST KIND OF LINING THESE THINGS UP AND I DON'T KNOW IF YOU GUYS HAVE NOTICED BUT LIKE OUR COUNCIL MEETINGS ARE HALF THE TIME THEY USED TO BE AND THAT'S JUST BECAUSE THE PROCESS HAS CHANGED AND WE HAVE REALLY STREAMLINED IT. WHEN YOU'RE DOING YOUR BUDGET IT'S THE SAME WAY. THIS IS THE ITEM, THIS IS WHAT IT'S FOR, THURSDAY THE BACKGROUND, THIS IS THE COST. AND THE ITEMS THAT SUPPORT THIS, ONE OF THOSE WOULD BE A BUDGET AMENDMENT, THAT COMES IN ONE TOTAL PACKAGE. >> AND THAT'S WHY I ASKED THE QUESTION, BECAUSE A, IT'S NOT BEEN CLEAR TO ME, AND B, I DON'T LIKE ADMINISTRATIVE BURDEN, RIGHT. WE DO NEED TO MEET PUBLIC TRANSPORTATION OBVIOUSLY BUT WE JUST DON'T NEED TO THE UNDUE ADMINISTRATIVE BURDEN. >> THAT WAS THE MISSING PIECE FOR US TO NOT BE ABLE TO DEMO WHEN WE -- >> I THINK WE TALKED ABOUT [01:45:01] PROJECT VINTAGE -- CORRECT ME IF I'M WRONG. THERE WAS MONEY IN OUR BUDGET, BUT I THINK THAT THAT SPECIFIC EVENT AT THAT CITY COUNCIL MEETING, I THINK OUR EDC DIRECTOR AT THE TIME DIDN'T ARTICULATE -- MAYBE YOU WEREN'T THERE, I'M NOT SURE. I WASN'T THERE BUT MY UNDERSTANDING WAS IT COULD HAVE BEEN APPROVED AT THAT TIME, BUT WE DIDN'T HAVE PEOPLE THERE, YOU AND OUR DIRECTOR ABLE TO ARTICULATE -- ANSWER THE QUESTIONS OF THE CITY COUNCIL. >> YES, MA'AM. AND WE ARE ALSO STILL POLISHING LIKE A LOT OF CHANGES IN LIKE GETTING THINGS LIKE AN AMENDMENS WHAT NEEDS TO BE DONE, IT NEEDS TO BE A PART OF THE ITEM, AS IT'S GETTING READY FOR THE BOARD. SO LIKE GETTING ALL OF THOSE DOCUMENTS TOGETHER AND SOMETHING THAT HAS BEEN LIKE REINFORCED FOR US NOW, IF THE ITEM IS NOT READY, IT DOESN'T GO. THAT WAS NEVER A THING. AND THAT'S -- >> OKAY. >> THAT'S I THINK ONE OF THE BIGGEST CHANGES THAT WE HAVE MADE THAT'S MADE THAT DIFFERENCE. >> SO WE HAVEN'T DONE AN AMENDMENT. WE NEED TO DO ONE FOR THE DEMO? BECAUSE IT'S ABOUT -- WE NEED IT PUT IT BACK ON CITY COUNCIL'S AGENDA? >> NOT IF WE'RE -- WE HAD FUNDS, WE JUST DIDN'T HAVE ALL OF THE FUNDS. >> WE HAVE TO HAVE HIM LOOK AT IT AND TELL US IF WE CAN RE-ALLOCATE THE AMOUNT WE NEED. >> WE'LL GET IT ALL WORKED OUT AND WE CAN BRING -- IF WE NEED TO MAKE IT -- AN ITEM FOR THAT SPECIAL MEETING AS WELL AS THE BUDGET WE CAN DO THAT. SO WE CAN GET THAT WORKED OUT. >> WE NEED TO GET THAT DONE BECAUSE THAT BUILDING HAS NOW BECOME -- >> I WAS GOING TO SAY THOMAS SINCE YOU'RE THE WEATHER VAIN IN HERE OF THE COUNCIL, I THINK WE NEED TO GET IT -- >> YEAH, Y'ALL HAVE ALREADY APPROVED THE -- WHICH ONE IS IT CALLED AGAIN, VINTAGE? >> YES. >> Y'ALL AS A BOARD HAVE ALREADY APPROVED THAT. >> YES. >> AND SO -- >> YES, TWICE. >> YEAH. SO I -- I'M CONFIDENT THAT WE'LL BE ABLE TO MOVE THAT FORWARD. DOES THAT MAKE IT CLEAR? >> DO WE NEED A LINE ITEM FOR IT, FROM A COUNCILMEMBER? >> JUST TELL US WHAT WE NEED TO DO. TELL US WHAT WE NEED TO DO AND WE'LL GET IT DONE. >> I DON'T THINK Y'ALL NEED TO DO ANYTHING. >> OKAY. I THINK THAT'S WHERE WE'RE AT. >> DONE. >> I'M GLAD WE COULD HASH THAT OUT. >> DO YOU GUYS HAVE ANY QUESTIONS? I KNOW THAT WAS ALL OVER THE PLACE BUT -- >> YOU MEAN MORE QUESTIONS? >> THE THING THAT I DO WANT YOU GUYS TO KEEP IN MIND IS THAT -- IT'S MY FIRST YEAR BUDGETING WITH YOU GUYS, AND I'VE ALREADY MADE A LOT OF CHANGES. I WOULD ANTICIPATE A LOT MORE COMING OVER THE NEXT COUPLE OF YEARS BUT THEY'RE ALL POSITIVE CHANGES . AND I THINK THE THING THAT IS GOING TO CHANGE THE MOST NEXT YEAR IS WE WILL BE FULLY INTO THE PROGRAM THAT WE UTILIZE FOR THE BUDGET, BUT WE'LL ALSO INCLUDE HOW WE LINK THINGS OUT TO THE VARIOUS BOARDS. SO COUNCIL DOESN'T NEED A COPY OF A PDF, THAT IS ALL OF THESE THINGS, THEY CAN JUST GO TO THE LINK, LIKE IF YOU GO TO OUR BUDGET RIGHT NOW, IT SHOWS YOU ALL OF THOSE THINGS. WE CAN DO THAT IN THE PROPOSED BUDGET, WE CAN DO THAT IN THE THINGS THAT WE'RE LINING UP AS WELL. WE'RE STILL VERY NEW TO THAT PROGRAM AND I'VE GOT BASICALLY ONE PERSON WHO IS IN IT AND LOT AND WE'RE TRYING TO GET THE DEPARTMENT HEADS TO BE MORE COMFORTABLE WITH IT. ONCE WE GET THAT LOCKED DOWN, WE WANT TO START SHARING THAT WITH THE BOARDS SO WE CAN BE EVEN MORE TRANSPARENT IN THE BUDGETING PROCESS. AND I THINK THAT WILL ALSO HELP KIND OF FIX SOME OF THESE ISSUES THAT WE'VE TALKED ABOUT TONIGHT. IF THAT MAKES SENSE TO YOU GUYS. >> I WOULD JUST SAY DO Y'ALL REMEMBER THAT -- I APPRECIATE IT. I REALLY DO. >> HOW CONFUSING IT STILL WAS. >> YOU HAVE BEEN WONDERFUL FOR THE CITY. NOT JUST OUR BOARD. >> THANK YOU VERY MUCH. >> ABSOLUTELY. YEAH, THAT WAS LIKE A LEDGER [INDISCERNIBLE] >> IF YOU COULD READ IT. >> I HAVE ONE LAST QUESTION FOR YOU AND I THINK I ASKED THIS LAST TIME AND I'M SORRY, I DON'T REMEMBER YOUR ANSWER. BUT THE TAX REVENUE THAT WE GET IN FROM BUSINESSES -- I THINK I HAD ASKED -- CAN WE SEE WHAT BUSINESSES -- YEAH, I KNOW -- >> CONFIDENTIAL SALES TAX REPORT REPORT. >> BUT CAN IT BE CATEGORIZED BROADLY BY INDUSTRY? >> VERY BROADLY, YES. BUT YOU HAVE TO BE CAREFUL BECAUSE IF YOU ONLY HAVE ONE COMPANY THAT IS IN THAT ONE INDUSTRY, IT'S THE SAME THING. >> AND I GUESS THE REASON THAT WE ASKED THAT QUESTION IS, YOU KNOW, COMMUNITY IS NOT JUST RESIDENTIAL OR JUST COMMERCIAL OR JUST [INDISCERNIBLE] IT'S EVERYTHING. AND SO YOU KNOW, OUR STRATEGIC PLAN SAYS WE WANT A BUNCH OF MEDICAL OFFICE AND ALL OF A SUDDEN WE'VE GOT 800,000 SQUARE FEET OF MEDICAL OFFICE, BUT WE DON'T NECESSARILY KNOW IT, RIGHT, WE'RE NOT PRIVY TO EVERY SINGLE DEVELOPMENT, ESPECIALLY THE ONES THAT AREN'T EITHER ANNEXED TO THE CITY OR THEY DIDN'T TALK TO PLANNING OR THEY DIDN'T COME TO US FOR INCENTIVE, HOW DO WE KNOW THAT IT'S TOO MUCH OF IT. >> SO LAND USE TYPE AND THAT IS SOMETHING THAT WE GENERALLY DO LOOK AT THROUGH THE COMPREHENSIVE PLAN PROCESS. [01:50:01] YOU ARE ALSO STARTING TO GET OUT OF MY WHEELHOUSE -- >> DO YOU SEE IT, THOUGH? I GUESS AS A BUSINESS OWNER, I LIKE TO KNOW WHERE MY REVENUE IS COMING FROM -- >> I DO, YES, MA'AM. >> IF SOMEONE IS AUDITING. >> ALL RIGHT, THANK YOU. >> THANK YOU GUYS. I APPRECIATE IT. >> THANK YOU, EVERYONE. [4)CONVENE TO EXECUTIVE SESSION] MOVING ON TO ITEM 4 AND WE'RE GOING TO CONVENE TO EXECUTIVE SESSION. [5)RECONVENE TO REGULAR SESSION] >> WE ARE RECONVENING FROM EXECUTIVE SESSION. THE TIME I * This transcript was compiled from uncorrected Closed Captioning.