[1. Call to Order: The Tax Increment Financing (TIF) Board #1 of the City of Sachse will hold a Regular Meeting on Thursday, September 28, 2023, at 6:30 p.m. to consider the following items of business:]
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ALL RIGHT.IT'S TIME FOR US TO START. I'M BOBBY TILLMAN, PRESIDENT OF THE BOARD.
AND I'VE BEEN HERE SINCE DAY ONE.
OKAY. AND EVERYBODY ELSE BEEN HERE, I GUESS.
ARE WE MISSING ANYBODY? WE HAVE ONE. OH, YEAH.
OKAY. HOW DO YOU PRONOUNCE A H? KABIR. OKAY, FIRST WE'RE GOING TO CALL THE MEETING TO ORDER THE TAX INCREMENT FINANCING BOARD.
TO CONSIDER THE FOLLOWING ITEMS OF BUSINESS.
FIRST, WE'LL HAVE BELIEVED THE INVOCATION BY GREGG, AND THEN WE'LL HAVE THE PLEDGES TO THE US FLAG AND TEXAS FLAG BY MR. BROWN. SO THANK YOU, FATHER GOD.
AND THIS GROUP OF PEOPLE, THE VOLUNTEERS AND THE ELECTED PEOPLE.
PLEASE DO WATCH OVER THIS MEETING.
THANK YOU. AND WE'VE ADDED AN ITEM TO OUR AGENDA.
NUMBER THREE, I'M GOING TO READ THIS.
IT SAYS THE PUBLIC IS INVITED TO ADDRESS THE BOARD REGARDING ANY TOPIC NOT ALREADY ON THE AGENDA.
THE TIME LIMIT IS THREE MINUTES PER SPEAKER.
A PUBLIC COMMENT CARD SHOULD BE PRESENTED TO THE ACTING SECRETARY PRIOR TO THE MEETING.
DO WE HAVE TO WAIT ANY PARTICULAR TIME OR JUST OKAY.
AND THAT DOESN'T REQUIRE A VOTE AS IT OR ANYTHING.
OKAY. NUMBER FOUR, CONSIDER APPROVAL OF THE SEPTEMBER 21ST, 2022 MEETING MINUTES.
[4. Consider approval of the September 21, 2022, meeting minutes.]
AND YOU SHOULD HAVE GOTTEN THOSE IN THE EMAIL AND THERE'S A COPY OF THEM PRINTED OUT HERE.SO DO I HEAR ANY? COMMENTS ON THE MEETINGS FROM LAST YEAR.
APPROVE THE MINUTES OF SEPTEMBER 21ST, 2022.
MAKES A MOTION THAT WE APPROVE THE MINUTES.
CAN DO I HEAR ANY? SO I GUESS WE JUST NEED TO VOTE ON IT.
OKAY. ALL IN FAVOR? WOULD YOU RAISE YOUR RIGHT HAND? HE OPPOSED THE.
ITEM PASSES BY UNANIMOUS VOTE.
[5. Consider accepting the City of Sachse Investment Policy for FY 2022-2023, as adopted by the City Council on November 14, 2022.]
MOVING ON TO NUMBER FIVE, CONSIDER ACCEPTING THE CITY OF SACHSE INVESTMENT POLICY FOR THE FISCAL YEAR 2022 THROUGH 23, AS ADOPTED BY THE CITY COUNCIL ON NOVEMBER THE 14TH, 2022.AND THAT'S ALSO INCLUDED IN THE PACKET ISN'T TO ME.
BUT I LOOKED THROUGH ALL THIS, BUT I DON'T REMEMBER WHAT'S WHAT.
DO WE HAVE ANY COMMENTS ON THAT? I CAN MAKE COMMENTS. OKAY.
MAKE SOME COMMENTS. BOARD THE PUBLIC FUNDS INVESTMENT ACT REQUIRES THAT THE INVESTMENT POLICY BE REVIEWED ANNUALLY BY CITY COUNCIL AND BY THE BOARD OF ALL COMPONENT UNITS.
THERE WERE SOME CHANGES IN THE INVESTMENT POLICY THIS YEAR, SO IT WAS APPROVED BY COUNCIL.
CHANGES INCLUDED CORRECTING THE NAME FROM PRESIDENT GEORGE BUSH TURNPIKE REINVESTMENT ZONE INCREMENT FUND TO TAX INCREMENT FINANCING REINVESTMENT ZONE NUMBER ONE THROUGHOUT THE POLICY AND THAT WAS TO REFLECT ORDINANCE 3897 FROM DECEMBER 2018.
THROUGHOUT THE POLICY TO REFLECT ORDINANCE NUMBER 3898 FROM DECEMBER 2018.
IN ADDITION, THE TAX INCREMENT REINVESTMENT ZONE NUMBER THREE WAS ADDED THROUGHOUT THE POLICY.
PER ORDINANCE 4035 FROM OCTOBER 2021.
IN ADDITION, WE ADDED MUNICIPAL DEVELOPMENT DISTRICT.
IT WAS SIMPLY MISSING IN THE POLICY TITLE.
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FINANCE OFFICERS ASSOCIATION HAS CHANGED THE NAME OF THAT REPORT.AND SO WE FOLLOWED THAT IN THE POLICY.
LASTLY, WE HAD A POSITION OR TITLE CHANGE IN THE FINANCE DEPARTMENT, SO WE UPDATED THE DELEGATION OF AUTHORITY, THE POSITION TITLE FROM FINANCE MANAGER TO SENIOR ACCOUNTANT.
THOSE ARE THE CHANGES IN THE POLICY REFLECTED IN THIS LAST YEAR.
STAFF'S RECOMMENDATION IS THAT THE BOARD ACCEPTS THE CITY OF SACHSE INVESTMENT POLICY FOR FISCAL YEAR 2223, AS ADOPTED BY THE CITY COUNCIL ON NOVEMBER 14TH, 2022. OKAY, WE HAVE ANY OTHER COMMENTS FROM ANYONE? MR. CHAIRMAN, I MAKE A MOTION THAT WE ACCEPT THE CITY OF ZACKS INVESTMENT POLICY FOR FISCAL YEAR 2022 2023, AS ADOPTED BY THE CITY COUNCIL ON NOVEMBER 14TH, 2022.
OKAY. MR. BROWN HAS MADE A MOTION.
DO I HEAR A SECOND? SECOND. OKAY, LET'S SEE HERE.
ALL IN FAVOR OF THIS? CONSIDERING THIS IS PASSING.
I'LL JUST ABSTAIN ON THIS ONE.
SO I'M MAKING NOTES HERE SO I WON'T FORGET WHAT I'M DOING.
[6. Consider approving the Quarterly Investment Reports for the fourth quarter of the 2021-2022 fiscal year and the first, second, and third quarters of the 2022-2023 fiscal year.]
CONSIDER APPROVING THE QUARTERLY INVESTMENT REPORTS FOR THE FOURTH QUARTER OF 21-22 FISCAL YEAR AND THE FIRST, SECOND AND THIRD QUARTERS OF 2022, 23 FISCAL YEAR.DO WE HAVE ANY COMMENTS? YES. OKAY.
THE SAME QUARTERLY INVESTMENT REPORTS WERE ACCEPTED BY COUNCIL.
THE LAST MEETING THAT THE LAST TIME THAT THIS BOARD MET WAS ONE YEAR AGO.
AND SO WE HAVE FOUR QUARTERLY REPORTS THAT HAVE ACCUMULATED SINCE THAT TIME.
THE ANNUAL PROPERTY TAX ALLOCATION IS DIRECTED TO PAY BACK FUNDING OF UTILITY INFRASTRUCTURE PROJECTS THAT WERE PREVIOUSLY UNDERTAKEN WITHIN THE BOUNDARIES OF THE TOURS ONE.
THE CURRENT BALANCE FOR IN THIS FUND IS ABOUT $30,000 AND INVOICES ARE PAID TO OUR OUR TOURS ADMINISTRATOR P THREE WORKS LLC.
SO YOU'LL SEE IN THE NEWER REPORTS ON THE LAST PAGE, I THINK IT'S PAGE EIGHT, IT SHOWS FUND NINE, WHICH IS THIS FUNDS THIS THE TOURS ONE FUND, IT SHOWS THE BALANCE THERE.
SO IF THERE ARE ANY QUESTIONS ON THE QUARTERLY REPORTS, PLEASE LET ME KNOW.
OTHERWISE, STAFF'S RECOMMENDATION IS THAT THE BOARD APPROVE THE QUARTERLY INVESTMENT REPORTS FOR THE FOURTH QUARTER OF THE 2021, 2022 FISCAL YEAR AND THE FIRST, SECOND AND THIRD QUARTERS OF THE 2022 2023 FISCAL YEAR.
I HAVE A QUESTION. HAVE YOU BEEN AUDITED? THE CURRENT ONES HAVE NOT.
THESE SPECIFICALLY, THE REPORTS HAVE NOT BEEN AUDITED.
RYAN, CAN YOU HELP ME WITH THAT? WAS IT ABOUT FEBRUARY? THE FISCAL YEAR 2022 WAS SO IN EFFECT THAT FIRST OR THAT LAST QUARTERLY REPORT OF 2022 WAS.
BUT THE REMAINING THREE FOR THIS CURRENT FISCAL YEAR HAVE NOT BEEN AUDITED YET.
SO WE JUST DID SOME PRELIMINARY AUDIT OR WE HAD AUDITORS ON SITE AND THAT WILL CONTINUE.
OUR FISCAL YEAR CLOSES THIS WEEK, SEPTEMBER 30TH, AND THEN OUR AUDIT PROCESS WILL START.
OKAY. AND DOES THIS BOARD RECEIVE THE RESULTS OF THAT AUDIT? IT HAS NOT IN THE PAST.
THE ACFR IS AVAILABLE ON THE WEBSITE.
IT IS PRESENTED TO COUNCIL, BUT IT HAS NOT IN THE PAST BEEN BROUGHT FORWARD TO THE VARIOUS BOARDS.
OKAY. I JUST THOUGHT THE POLICY REQUIRED THAT.
OKAY, WELL IT IS AVAILABLE, ISN'T IT? YOU SAID LOOK ONLINE, IT IS AVAILABLE.
THE REPORTS, THE POLICY REQUIRES THE QUARTERLY REPORTS TO BE PRESENTED AND THOSE HAVE BEEN DONE.
BUT THE AUDIT I'LL LOOK INTO THAT AS A SEPARATE ITEM.
OKAY. THANK YOU. MR. MARLIN, I GOT A QUESTION.
YES. THE BIOLOGICS IS THAT IN THE TRS ONE EVOLVE, BIOLOGICS IS IN TOURS TWO.
YOU WON'T BE GETTING ANY MONEY OUT OF THAT, WILL WE? NO. DANG IT.
ANY OTHER COMMENTS? A LOT OF STUFF HERE TO LOOK AT.
IF THERE ARE NO OTHER COMMENTS OR QUESTIONS, I ENTERTAIN A MOTION ON ITEM NUMBER SIX.
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SO HERE. TO HEAR SOMEONE MAKE A MOTION THAT WE ACCEPT.I GUESS I NEED TO ACTUALLY READ IT AND TO CONSIDER APPROVING THE QUARTERLY INVESTMENT REPORTS FOR THE FOURTH QUARTER OF 2021, 22 FISCAL YEAR AND THE FIRST, SECOND AND THIRD QUARTERS OF 22-23 FISCAL YEAR.
MR. CHAIRMAN, I MOVE THAT WE APPROVE THE QUARTERLY INVESTMENT REPORTS FOR THE FOURTH QUARTER OF 2021, 2022 FISCAL YEAR AND THE FIRST, SECOND AND THIRD QUARTERS OF THE 2022 2023 FISCAL YEAR.
AND RIGHT EMOTIONALLY EXCEPTED.
ANY OPPOSED? UNANIMOUSLY PASSED.
OKAY. MOVING TO NUMBER SEVEN, CONSIDER THE ACCEPTANCE OF TAX INCREMENT REINVESTMENT ZONE NUMBER ONE.
[7. Consider acceptance of the Tax Increment Reinvestment Zone #1 (TIRZ #1) "PGBT Reinvestment Zone" Incremental Values and Annual Report for Tax Year 2022 (Fiscal Year 2022-2023).]
HERE'S NUMBER ONE [INAUDIBLE] REINVESTMENT ZONE, INCREMENTAL VALUES AND ANNUAL REPORT FOR THE TAX YEAR 2022, WHICH IS THE FISCAL YEAR 2223.SURE. BOARD SHOWING IN THE REPORT THE TAXABLE VALUE INCREMENT AS OF OCTOBER 1ST 2022 WAS JUST UNDER $72 MILLION PREVIOUSLY.
SO IN THE PRIOR YEAR IT WAS JUST ABOUT $30 MILLION.
SO IT'S GROWN QUITE SIGNIFICANTLY.
AND THEN THE THE INVOICES FOR OUR ADMINISTRATOR, THOSE FUNDS ARE TRANSFERRED TO THE UTILITY FUND AND THE ECONOMIC DEVELOPMENT CORPORATION FOR INFRASTRUCTURE THAT THAT THEY HAVE FRONTED MONEY FOR.
SO LET ME BACK UP A LITTLE BIT.
WHEN THE TERS WAS CREATED, THERE WAS WATER INFRASTRUCTURE PROJECT TO THE AMOUNT OF 1 MILLION, $150,000 MONEY WAS LENT FROM THE UTILITY FUND AND EACH YEAR THOSE FUNDS ARE TRANSFERRED BACK TO THE UTILITY FUND TO PAY IT OFF.
IN ADDITION, A SEWER PROJECT WAS DONE AND MONEY WAS FRONTED FROM THE ECONOMIC DEVELOPMENT CORPORATION AND THAT WAS TO THE AMOUNT OF $1,074,000 REMAINING ON THAT DEBT IS $224,000 AND THE ANTICIPATION IS THAT IT WOULD BE PAID OFF IN THE FOLLOWING FISCAL YEAR, FISCAL YEAR 23-24.
SO THE MORE CURRENT INFORMATION OUR CURRENT BUDGET SHOWS THAT $607,000 WOULD BE RECEIVED FROM THE 2023 TAX ROLLS.
THE SEWER DIDN'T GO UP THAT FAR, DID IT? I THINK. I DIDN'T THINK IT WENT UP TO THE CHURCH BECAUSE THE CHURCH IS ON SEPTIC UP THERE ON THE TOP OF THE HILL.
OR DID THEY PUT A PIPE IN THEM? UNFORTUNATELY, I DON'T HAVE THE LOCATION.
SO IS EVOLVE BENEFITING FROM THE MONEY FROM TERS ONE SINCE THEY'RE IN TERS TWO THEY SHOULD NOT.
TWO I BELIEVE THEY MAY HAVE BEEN IN TERS ONE INITIALLY AND THEN I THINK DUE TO THE AMENDMENT EVERYTHING IS IN IT WAS MOVED TO TERS TWO BECAUSE I'M JUST CURIOUS BECAUSE THAT SEWER THING I DON'T REMEMBER, I REMEMBER WHAT THE ARGUMENT WAS WHEN WE APPROVED THAT AND THE THING WHY THEY PUSHED IT BECAUSE REMEMBER, HEINZ SAID HE COULDN'T SELL ANY OF THAT PROPERTY DOWN THERE BECAUSE IT HAD NO SEWER.
AND THAT'S WHY WE VOTED TO GIVE PUT THE SEWER SYSTEM IN.
BUT THERE THERE'S STILL IN ANYTHING DOWN THERE, YOU KNOW, WE PUT ALL THE SEWER IN AND STILL NOTHING DOWN THERE BECAUSE IT'S NOT AN IDEAL PLACE TO BUILD. BUT I DON'T REMEMBER THE AIRLINE GOING ON THE OTHER SIDE OF THE FREEWAY ANYWHERE ON THE WAY I CAME BECAUSE IT WENT UP THE HILL, BECAUSE WHEN THEY WERE PUTTING IT IN, I WENT OUT THERE AND LOOKED AT IT, BUT IT DIDN'T GO AS FAR AS THE CHURCH UP THERE.
I DIDN'T KNOW MUCH, BUT I KNOW IT WENT UP THAT HILL, BUT I DON'T KNOW WHO WAS ON IT.
AND THAT'S WHY I WAS WONDERING IF A BALL WAS ON IT.
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IT'S ALL THE SAME MONEY.IN REALITY, IS THERE ANYTHING ELSE THAT'S GOING TO BE PAID OFF? SO WHEN THAT'S PAID OFF, THE MONEY WILL BE AVAILABLE IN OF LOAN FUNDS? AND WHAT WILL THAT BE USED FOR THEN? TO BE DETERMINED. THERE'S TWO DIFFERENT ROUTES.
OTHERWISE, WE COULD THE CITY COULD CHOOSE TO ADOPT AN AMENDED AND RESTATED PLAN, IDENTIFY NEW PROJECTS WITHIN THE ZONE, AS WELL AS ADJUST THE PARTICIPATION RATE AND THE TERM.
I DON'T HAVE ANY ANY DIRECTION AT ALL.
ANY COUNCIL DOES THE COUNCILS? ARE THERE ANY IDEAS ON WHAT PLANTS THERE MIGHT NEED TO BE DONE THERE? BECAUSE ALL THE BASICALLY THE FUNDS WERE TO, TO DO THE INFRASTRUCTURE LIKE THE SEWER, THE WATER AND WHATEVER ELSE MIGHT BE, YOU KNOW, AND SINCE THAT'S BEEN DONE AND SOON WILL BE PAID FOR, DO YOU ENVISION I KNOW YOU CAN'T SPEAK WITH THE COUNCIL.
I MEAN, DO YOU ENVISION ANY OTHER PROJECTS THAT WOULD NEED TO BE DONE? I AM NOT AWARE OF ANY RIGHT NOW.
BUT I HAVEN'T HEARD DIRECTLY FROM THE CITY MANAGER'S OFFICE OR FROM COUNCIL ON THAT.
I CAN JUST ALWAYS JUST EXPAND IT.
YEAH. WHAT WOULD HAPPEN THEN WITH WHAT MONEY WOULD ACCUMULATE? YOU SAY GO BACK INTO THE GENERAL FUND OR SOMETHING.
IT'S ALL RIGHT. WE'VE DONE SERVED OUR TIME.
25 YEARS ON THIS BOARD BY THEN.
OH, WHAT ABOUT THE OTHER TWO TIERS? ONE AND 2 OR 3? HAVE THEY FUNDED ANYTHING OR WILL THEY? I LIKE. I REALIZE IT'S NOT IN OUR PURVIEW, BUT.
COUNCIL THOSE ARE MORE RECENT.
COUNCIL IS THE BOARD FOR TOURS TO AND TOURS.
THREE. YOUR QUESTION SPECIFICALLY? WELL, I WAS JUST WONDERING IF THERE WERE ARE THERE FUNDS ACCUMULATING IN THOSE ACCOUNTS THAT ARE BEING USED TO PAY OFF PART OF THIS INFRASTRUCTURE, THE SEWER AND WATER? NO, NOT FOR THIS SPECIFICALLY.
SO I MENTIONED IN THAT ONE THAT IN FROM THE 2023 TAX ROLLS.
SO LOOKING TO THE FUTURE, ABOUT $607,000 IS ANTICIPATED TO BE COLLECTED BY TRS ONE FOR THE PGT FOR THE STATION TOURS TO THE AMOUNT IS $752,000 AND FOR TOURS THREE FOR HIGHWAY 78, $692,000.
SO THEY'RE ALL COLLECTING MONEY.
REMEMBER WHEN WE DID THE SEWERS? NOT THE SEWER. THE OTHER STUFF.
THE WATER. WE HAD, LIKE, $14 IN THE BANK.
I THINK THE FIRST YEAR WE COLLECTED WAS $100.
SO $100? ABOUT $100. WELL, THERE WAS NOTHING OUT THERE, YOU KNOW.
SO THE FIRST YEAR FOR THE FIRST YEAR, WHENEVER THE TAX AMOUNT WAS ESTABLISHED INTO THE NEXT YEAR, THERE WAS MAYBE A LITTLE MORE THAN $100, BUT IT WAS PROBABLY LESS THAN MUCH LESS THAN 2000.
HOW LONG AGO WAS THAT? 23 YEARS.
SOMETHING LIKE THAT. WHAT? DO WE HAVE ANY OTHER COMMENTS? I MEAN, IT'S GOOD TO HEAR ABOUT ALL THIS STUFF BECAUSE I NOTICED ON THE PREVIOUS VOTE THERE'S ACTUALLY A SLOT FOR NOT PRESENT.
HE NOTED THAT HE WASN'T PRESENT AND ONE IN THAT SLOT.
YEAH IT JUST SAID LIKE ONE ABSTAINING AND VOTE.
YEAH. YOU SEE WHAT I'M SAYING THOUGH.
YEAH. I JUST THOUGHT MAYBE THAT WASN'T CORRECT.
YEAH. AND I THINK THE PREVIOUS ONE TOO.
DO WE HAVE ANY MORE COMMENTS OR QUESTIONS ABOUT ITEM NUMBER SEVEN? AGENDA ITEM. SO.
ALL RIGHT. CONSIDER ACCEPTANCE OF THE TAX INCREMENT REINVESTMENT ZONE.
DO I HEAR A MOTION? A MOTION TO APPROVE THE TAX INCREMENT INVESTMENT ZONE REINVESTMENT INCREMENT VALUE ANNUAL REPORT.
ALL RIGHT, KENDRA. WE DON'T HAVE TO READ THE WHOLE THING, I DON'T THINK.
OKAY. SO KENDRA'S MADE A MOTION.
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WE APPROVE THIS. DO I HEAR A SECOND? SECOND. OKAY, JENNIFER, SECOND.ALL IN FAVOR. LET'S VOTE BY RAISING RIGHT HAND.
OKAY. WELL, WE'RE JUST WHIPPING THIS RIGHT ON THAT, AREN'T WE?
[8. Receive an update on the 2023 activity in the Tax Increment Financing Investment Zone Number One.]
NUMBER EIGHT, RECEIVE AN UPDATE ON THE 2023 ACTIVITY IN THE TAX INCREMENT FINANCING INVESTMENT ZONE, NUMBER ONE.AND WHO WILL BE DOING THAT? I WILL.
WHEN OUR CITY SECRETARY FINISHES WHAT SHE'S DOING AND TRANSFERS THE SCREEN OVER.
THANK YOU. SO WE'RE GOING TO SIT ON THIS SCREEN OR THAT ONE OR WE ALL SEE IT HERE.
OKAY. AND ON THE ONE ON THE END FOR.
JENNIFER, DO WE NEED TO HIT A POWER BUTTON THERE AT ALL? IS NO OTHER THAN WE'VE GOT IT.
SO AS AN UPDATE TO THE TAX INCREMENT REINVESTMENT ZONE, I'LL WALK THROUGH ABOUT A DOZEN SLIDES.
WE'LL TALK ABOUT ONE SLIDE ON THE HISTORY OF THE ZONE, AND I'LL NOTE THE EXISTING DEVELOPMENT AND THEN MAJOR DEVELOPMENT ACTIVITY THAT'S GOING ON. SO HISTORY OF THE ZONE.
WE'VE KIND OF SPOKEN TO THIS IN THE EARLIER ITEMS. THE ZONE WAS ESTABLISHED IN 2003 FOR A 25 YEAR TERM.
THAT TERM ENDS IN THE AT THE END OF 2028.
THERE WERE AMENDMENTS TO THAT ZONE.
THE FIRST ONE WAS IN 2018 TO ALLOW FOR THE CREATION OF A.
NUMBER TWO. THERE'S ALSO AN AMENDMENT IN 2020 TO REMOVE 14.933 ACRES TO BE ADDED INTO TERMS TWO AND INTO THE PUBLIC IMPROVEMENT DISTRICT.
THE ECONOMIC DEVELOPMENT CORPORATION, OR EDC AND THE UTILITY FUND.
ADVANCED FUNDED WATER AND SEWER INFRASTRUCTURE.
THE WATER INFRASTRUCTURE WAS ADVANCED BY THE UTILITY FUND IN 2008 TO THE TUNE OF $1.2 MILLION, AND SEWER INFRASTRUCTURE WAS ADVANCED BY EDC IN 2015 TO THE TUNE OF $1.1 MILLION.
REVENUES RECEIVED LESS EXPENDITURES ARE USED TO REIMBURSE THE EDC AND THE UTILITY FUND.
SO I'LL JUST BE GIVING BRIEF UPDATES ON THESE FOUR LOCATIONS.
HERE THEY ARE. PUBLIC STORAGE 7011 TRINITY REGIONAL HOSPITAL AND APPLIED ENERGY COMPANY.
SO EXISTING IN DEVELOPMENT RIGHT NOW OR HAS ALREADY BEEN DEVELOPED IS THERE RIGHT NOW IS THE 711 AT 2900 MILES ROAD? ALSO IN THE TOURS AREA IS EXISTING DEVELOPMENT OF TRINITY REGIONAL HOSPITAL, A NOT FOR PROFIT HOSPITAL WITH 32 BEDS, COMMUNITY FOCUSED ACUTE CARE.
IT HAS IC AN ICU BED UPGRADE COMPLETED IN MAY 2023 AND IT'S AT 4750.
PRESIDENT GEORGE BUSH HIGHWAY.
IN ADDITION APPLIED ENERGY COMPANY IT'S A LIGHT INDUSTRIAL OFFICE USE HAS FILTRATION, LUBRICATION AND FIRE SUPPRESSION, DISTRIBUTION AND SERVICE COMPANY.
THE LAST ONE IS PUBLIC STORAGE.
IT'S FORMERLY KNOWN AS STORAGE 365.
AS I UNDERSTAND, THEY'VE KIND OF ALREADY STARTED TRANSITIONING THE NAME.
IT'S THE SAME THING THERE AS WAS PREVIOUSLY WHEN IT WAS STORAGE 365, BUT IT'S 126,300 SQUARE FOOT BUILDING WITH GROUND FLOOR RETAIL OPPORTUNITIES.
IT INCLUDES 1300FT² OF OFFICE SPACE, 9000FT² OF RETAIL AND 116,000FT² OF STORAGE.
YOU MIGHT HAVE HEARD THAT THERE WAS GOING TO BE A TENANT ON THAT, THE GROUND FLOOR.
UNFORTUNATELY, JUST THINGS KIND OF TOOK TOO LONG AND THAT TENANT WENT ELSEWHERE.
SO RIGHT NOW, THERE ARE NO TENANTS, AS I UNDERSTAND, LINED UP.
SO LOOKING AT MAJOR DEVELOPMENT ACTIVITIES, UNFORTUNATELY NOT AN UPDATE FROM A YEAR AGO IN THE ACTUAL PROPERTIES LISTED BUT MILES 190 APARTMENTS BUNKER HILL RETAIL AND ARIA.
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THE PROJECT IS LOCATED SOUTHWEST OF THE INTERSECTION OF MILES ROAD AND BUNKER HILL ROAD.AND THERE'S BUNKER BUNKER HILL RETAIL LOCATED IMMEDIATELY NORTH OF MILES 180 APARTMENTS.
IT'S READY TO COMMENCE CONSTRUCTION AND WILL CONSIST OF 27,782FT² OF RETAIL RESTAURANT OFFICE SPACE.
IT'S ANTICIPATED TO START CONSTRUCTION IN DECEMBER OF 2023.
LASTLY, THE ARIA THE FIRST PHASE OF THE ARIA IS NEARING COMPLETION AND INCLUDES 99 TOWNHOME UNITS.
THE SECOND PHASE, CONSISTING OF 101 TOWNHOME UNITS, HAS BEGUN CONSTRUCTION.
BRIGHTLAND HOMES AND ASHTON WOODS ARE THE BUILDERS OF THE TOWNHOMES.
AND HERE IS A LIST OF THOSE SAME LOCATIONS.
I KNOW THIS IS OF INTEREST, SO I'LL PUT THOSE THERE.
I AM LIMITED ON THE KNOWLEDGE OF CURRENT ACTIVITY.
I TRIED GRILLING OUR DEVELOPMENT SERVICES DEPARTMENT HEAD AND ONLY GOT SO FAR, BUT ARE THERE ANY QUESTIONS? CAN YOU BACK UP ONE SLIDE? YES. ACTUALLY MORE THAN ONE SLIDE.
I'M SORRY. KEEP GOING UP RIGHT THERE.
OKAY. WHERE IS THAT? IN THE BUNKER HILL RETAIL.
WHERE IS THAT? SO LET ME GO FORWARD.
TWO SLIDES IN THE UPPER LEFT, THAT BLUE BOX, THE 7-ELEVEN, BUNKER HILL.
CORRECT. OVER BY MERIT, I'M SORRY, BY MILES.
INTERESTING LOCATION FOR A RETAIL SPOT.
AND THEN A REAL LOW AREA OVER THERE.
YOU JUST SAID YOU DON'T HAVE A LOT OF INFORMATION, BUT THAT LOOKS LIKE, FROM WHAT I REMEMBER, THAT AREA IS PRETTY IT IS PRETTY STINKING LOW AND IT'S THE WORST STINKING CAN BE INCLUDED IN THAT, TOO, BECAUSE IT USUALLY HAS A VERY DISTINCT ODOR DOWN THERE.
DO WE KNOW WHO THE DEVELOPER IS ON THAT? YEAH. I'M BUNKER HILL.
THERE YOU GO. NO, IT DOESN'T SAY.
NO, I DON'T HAVE THAT INFORMATION.
UNFORTUNATELY, IT'S GOING TO BE AN INTERESTING LOCATION.
IS THERE ANYTHING PLANNED HERE? AND AGAIN, YOU MAY NOT KNOW, BUT RIGHT AT THE CORNER OF MERRITT ROAD AND.
FOR THAT, I CAME TO WATCH THE VERY END.
I THINK THE VERY END OF THE BUILDING IS VERY BUILDING.
AT THE END IS EMPTY. BUT AT THAT POINT, OUT TO THE STREET, THEY'VE GOT THE EROSION BARRIER PUT UP.
AND I WAS WONDERING IF THERE'S ANYTHING.
CORRECT. THE INTERCITY STATION KNOW.
THEY BOUGHT ALL THAT AND IT WAS A FAMILY DEAL.
SO I'LL TELL YOU THE STORY ABOUT IT.
IT LOOKED LIKE THEY WAS GOING TO START BUILDING SOME STATIONS IN CHURCH TOO, RIGHT? YEAH. CORRECT. YEAH.
BECAUSE THEY CUT. THAT WAS THE FIRST ONE THEY CUT OUT.
I DO HEAR THAT THERE ARE RUMBLINGS SOUTH OF PGT IN THAT THOSE LARGE AREAS WHERE THERE'S NO LABELING BUT NOTHING TO BE, YOU KNOW, TO BE MENTIONED YET. OBVIOUSLY COMMERCIAL CONSTRUCTION WITH, YOU KNOW, THE COST OF CAPITAL HAS INCREASED, INTEREST RATES ARE QUITE HIGH.
IT'S JUST I DON'T GET THAT BUNKER BECAUSE OF ALL THE APARTMENTS THERE.
I MEAN, I GUESS MAYBE THAT'S WHAT THEY'RE COUNTING ON.
BUT 2 OR 3, IT'S GOING TO COST A LOT OF MONEY TO BUILD OVER THERE.
YOU'VE GOT SO MUCH WORK TO DO.
SO MUCH. SOIL STUFF TO DO OVER THERE.
YOU MAY HAVE BOUGHT THAT LAND.
THEY MAY HAVE BOUGHT THAT LAND CHEAP.
WELL, YEAH, THEY GOT THE LAND REAL CHEAP.
WELL, I DON'T KNOW BECAUSE IT'S WHAT WE THINK IS CHEAP.
IT'S THE OLD MILES ROAD USED TO GO BACK AROUND IN THERE, YOU KNOW.
ALWAYS TERRIBLE DOWN IN THERE.
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ALWAYS FLOODS DOWN IN THERE.I DON'T KNOW HOW THEY'RE GOING TO DEAL WITH THAT.
BRINGING SOME DIRT AND BRINGING UP LIKE THEY DID THE STORAGE PLACE.
YEAH. THEY HAD TO BRING OUT A LOT OF.
STUFF FOR THAT. ANY OTHER INFORMATION? ANY OTHER QUESTIONS? I MEAN, IT'S REALLY INTERESTING TO FIND OUT ABOUT ALL THIS STUFF BECAUSE IT'S OUR TOWN AND WE'RE BASICALLY US AND OTHERS ARE PAYING FOR ALL THIS STUFF.
SO IN SOME FORM OR FASHION, I GUESS.
ALL RIGHT. WELL, LET'S SEE. HERE WE HAVE DO WE NEED A LEADER? WE NEED A VOTE ON THAT ONE.
YOU DON'T HAVE TO VOTE ON IT. YOU JUST DECLARE IT AT THE TIME.
I DECLARE IT? HOW DO YOU DECLARE IT, SIR? I MEAN, WERE YOU ASKING ABOUT ITEM EIGHT AT ALL? YES. THE ONE. THAT'S THE ONE WE JUST.
I'M SORRY. I THOUGHT YOU WERE TALKING ABOUT ITEM NINE.
ALL RIGHTY. WELL, ALL THE INFORMATION IS HERE IN THIS STUFF I'M GOING TO LOOK THROUGH AND SEE.
SO I APPRECIATE YOU PUTTING THIS ALL TOGETHER.
YES, SIR. I'D LIKE TO COMMENT.
YES. THANK YOU FOR THE OPPORTUNITY TO SERVE ON THIS BOARD.
IT'LL BE MY LAST MEETING AND I'M RETIRING.
I'VE ENJOYED THE OPPORTUNITY TO SERVE.
AND YOU'RE WELCOME. AND GOOD LUCK IN THE FUTURE.
THANK YOU. WELL, YOU'RE VERY WELCOME.
YOU MISSED A PAY INCREASE THIS NEXT YEAR, SO ADD ANOTHER ZERO TO OUR CHECK.
YOU MOVED TO FLORIDA, AREN'T YOU? NOT MOVING TO FLORIDA, BUT JUST SLOWING DOWN ACTIVITY.
WE'LL BE DOWN IN FLORIDA BACK AND FORTH.
OH, I SEE. OKAY. WELL, JENNIFER, IT'S NICE TO HAVE YOU.
NOW, WHAT IS YOUR VOCATION OR CAN I BE NOSY AND JUST ASK? IT'S PROBABLY NOT REALLY PART OF THE AGENDA, BUT IT'S.
OH, THAT'S WHY YOU WERE ASKED ABOUT IT.
KENDRA. OH, WHAT DO I DO? I'M A PHARMACIST.
OKAY. AND WHAT DO YOU NOT DO ANYMORE? I OWN A REAL ESTATE FIRM.
OKAY. BECAUSE I LOVE WHAT YOU DO.
JUST. I DON'T THINK YOU'D DO ANYTHING EXCEPT KEEP THE CEMETERY GOING.
OH, I'VE GOT LOTS GOING, AND I DO IT.
ALL RIGHT, WELL, WHAT DO YOU DO? YOU'RE OUT HERE. YOU'RE OUT. YOU'RE AWAY.
ALL RIGHT, I'M READY. OH, THANK YOU, SIR.
OH, WHEN WE ADJOURN, COULD I ENLIST YOUR HELP TO TAKE A PICTURE? I TAKE. TAKE LOTS OF PICTURES.
I'D LIKE TO GET A GROUP TOGETHER AND GET A PHOTOGRAPH OF IT, IF YOU DON'T MIND.
I'LL TAKE. I'LL TAKE LOTS OF PICTURES.
I'M UP TO A LITTLE BIT OVER 110TB OF DATA RIGHT NOW IN MY OFFICE.
OKAY. WELL, THERE'S NOTHING ELSE TO.
WE DON'T NEED TO VOTE ON NUMBER EIGHT.
AND SO NUMBER EIGHT AND NUMBER NINE, WE DON'T NEED TO VOTE ON.
SO I WANT TO DO SOMETHING HERE.
I'VE ALWAYS WANTED TO DO THAT.
THANK YOU VERY MUCH. APPRECIATE EVERYBODY COMING.
I KNOW IT'S.
* This transcript was compiled from uncorrected Closed Captioning.