Oct 08, 2026 Bond 2027 Committee Meeting

[A. Meeting Opening]

[00:00:03]

WELCOME. WELCOME TO THE BOND 2027 COMMITTEE MEETING.

TODAY IS THURSDAY, OCTOBER 8TH, AND THE MEETING IS CALLED TO ORDER AT 6 P.M..

I'VE ASKED SCOTT MCMURDIE TO OFFER THE INVOCATION AND DANIELLE PARKER TO LEAD THE PLEDGES.

IF YOU WILL, PLEASE RISE. OUR DEAR FATHER IN HEAVEN, WE ARE GRATEFUL FOR THE OPPORTUNITY TO MEET THIS EVENING. WE ARE GRATEFUL FOR THE BLESSINGS THAT WE ENJOY TO LIVE IN THIS GREAT CITY.

WE'RE GRATEFUL FOR THIS COUNTRY THAT WE LIVE IN AS WELL.

WE ASK YOU TO BLESS US THIS EVENING AS WE DISCUSS THE BOND AND THE, THE UPCOMING POTENTIAL OF BOND HERE FOR THE CITY OF SACHSE THAT WE CAN HAVE THY GUIDANCE TO HELP US TO MAKE GOOD DECISIONS THAT WILL HELP LEAD AND GUIDE THIS CITY.

WE ASK A BLESSING OVER OUR FIRST RESPONDERS, OVER OUR CITY STAFF, AND ESPECIALLY OVER OUR CITIZENS.

PLEASE HELP US AND BLESS US TO CONTINUE TO FLOURISH AND DO WELL.

AND PLEASE PROTECT US FROM ANY HARM OR DANGER.

THESE THINGS WE GIVE YOU THANKS FOR AND ASK FOR AND DO SO IN THE NAME OF JESUS CHRIST. AMEN.

I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.

HONOR THE TEXAS FLAG. I PLEDGE ALLEGIANCE TO THEE, TEXAS ONE STATE UNDER GOD, ONE AND INDIVISIBLE.

ITEM A3 ADMINISTER THE OATH OF OFFICE TO THE RECENTLY APPOINTED BOND 2027 COMMITTEE MEMBERS LEAH GRANGER WILL ADMINISTER THE OATH OF OFFICE.

STATE LAW SPECIFIES THAT APPOINTED MEMBERS OF A GOVERNING BODY MUST TAKE AN OATH OF OFFICE BEFORE PERFORMING ANY DUTIES RELATED TO THEIR OFFICE.

LEAH. YES. THANK YOU. GOOD EVENING. BOND COMMITTEE.

WELCOME. WHAT YOU HAVE IN FRONT OF YOU FIRST IS THE STATEMENT OF OFFICER.

THIS DOCUMENT HAS TO BE READ AND SIGNED BEFORE WE CAN MOVE ON TO THE OATH.

SO IF YOU ALL WILL JUST TAKE A MOMENT AND AND SIGN THOSE.

LET ME KNOW WHEN YOU'VE GOTTEN THOSE DONE.

JUST ONE MORE. AND I'LL SIGN THE BOTTOM PART IN JUST A MOMENT.

BUT. SO NOW WHAT WE'LL DO IS, IF YOU ALL WILL STAND AND RAISE YOUR RIGHT HAND AND REPEAT AFTER ME.

I AND STATE YOUR NAME. I DO SOLEMNLY SWEAR. DO SOLEMNLY SWEAR THAT I WILL FAITHFULLY EXECUTE.

THAT I WILL FAITHFULLY EXECUTE THE DUTIES OF THE BOND 2027 COMMITTEE.

THE DUTIES OF THE BOND 2027 COMMITTEE OF THE CITY.

OF SACHSE OF THE CITY OF SACHSE. STATE OF TEXAS.

THE STATE OF TEXAS. AND WILL, TO THE BEST OF MY ABILITY.

AND WILL, TO THE BEST OF MY ABILITY. PRESERVE, PROTECT AND DEFEND.

PRESERVE, PROTECT AND DEFEND. THE CONSTITUTION AND LAWS.

THE CONSTITUTION AND LAWS. OF THE UNITED STATES.

OF THE UNITED STATES, AND OF THIS STATE AND OF TEXAS.

SO HELP ME GOD. SO HELP ME GOD. CONGRATULATIONS YOU ALL.

IF YOU ALL WILL SIGN THAT BOTTOM PORTION, I WILL COLLECT THOSE. THANK YOU.

ALL RIGHT. THANK YOU VERY MUCH. ARE YOU GOING TO ANNOUNCE NEXT?

[1. Consider and elect a Chairperson and Vice Chairperson of the Bond 2027 Committee.]

GO AHEAD AND ASK LEAH TO GO FORWARD WITH THIS ITEM.

YES. THANK YOU. SO ON THIS ITEM, IN ORDER TO RUN THE REST OF THIS MEETING IN THE NEXT FEW, WE WILL NEED TO HAVE A CHAIRPERSON AND A VICE CHAIR ELECTED.

[00:05:06]

SO MAYBE SOME OF THAT INFORMATION WOULD BE HELPFUL, BUT GET TO KNOW EACH OTHER JUST FOR A MOMENT. AND THEN YOU ALL CAN DISCUSS, YOU CAN THROW YOURSELF YOUR NAME INTO THE HAT, OR YOU CAN NOMINATE SOMEBODY ELSE IF YOU WOULD LIKE, AND THEN YOU ALL WILL VOTE AFTER THAT. SO IF YOU WANT TO START.

SCOTT. SURE. I'M SCOTT MCMURDIE. I CURRENTLY SERVE ON THE EDC BOARD PRESIDENT OF THE EDC.

I ABOUT 30 TO, I GUESS ABOUT 35 YEARS OF MY LIFE.

I'VE LIVED IN SACHSE JUST HAVEN'T LIVED IN SACHSE DURING COLLEGE TIME AND A LITTLE BIT IN MY ADULT LIFE, BUT SACHSE'S HOME I'VE GOT FOUR KIDS. THREE OF THEM ARE OUT OF THE HOUSE CURRENTLY.

AND I'VE GOT ONE TEENAGER STILL IN THE HOME, BUT I LOVE SACHSE LOVE WHERE I LIVE.

SO THAT'S WHY I SPEND THE TIME I SERVED ON THE PREVIOUS BOND COMMITTEE PREVIOUS TO THIS ONE AS WELL.

YES. HI, THIS IS RAFAY SHEIKH I'M CURRENTLY SERVING FOR THE LIBRARY BOARD.

I HAVE 21 YEARS OF FINANCIAL INDUSTRY EXPERIENCE.

I HAVE THREE KIDS ALL IN MY HOUSE RIGHT NOW. I'M IN CITY AROUND LIKE OVER FIVE YEARS.

THAT'S VERY GOOD. THANK YOU, THANK YOU. ALL RIGHT.

MY NAME IS CHINELO NWANZE AND I SERVE ON THE EDC BOARD WITH SCOTT AS WELL.

MOVED TO SACHSE IN 2021 AND STARTED SERVING ON BOARDS IN 2022.

I'VE ALWAYS BEEN A SMALL TOWN KIND OF GIRL. WHEN I LIVED IN IRVING, I ALSO SERVED IN THE COMMUNITY AS WELL.

LOVE SACHSE. WE MOVED HERE FOR THE SMALL TOWN FEEL.

I ALWAYS TELL PEOPLE I CHOSE SACHSE OVER FLOWER MOUND AND ENJOY IT.

I HAVE TWO KIDS, ME AND MY HUSBAND. WE HAVE TWO KIDS TWO BOYS.

THEY WERE VERY ADORABLE AND JUST ENJOY LIVING HERE.

THIS IS MY FIRST TIME SERVING ON A BOND COMMITTEE AND I'M REALLY EXCITED.

AWESOME. THANK YOU. LOGAN, WHY DON'T YOU INTRODUCE YOURSELF TOO? SURE. SO I'M LOGAN THATCHER, I'M THE ASSISTANT TO THE CITY MANAGER AND SERVING AS YOUR STAFF LIAISON FOR THIS BOND.

AND LOOK FORWARD TO WORKING WITH ALL OF Y'ALL.

GOOD EVENING EVERYONE. THANK YOU FOR BEING HERE.

MY NAME IS DANIELLE PARKER. I CURRENTLY SERVE ON THE PARKS AND REC AND THE MDD BOARDS.

I'M A REALTOR. I'VE LIVED IN SACHSE FOR ABOUT TEN YEARS AND I HAVE A BACKGROUND IN THE ARCHITECTURAL AND DESIGN INDUSTRY.

I HAVE A 13 YEAR OLD AT HUDSON, SO NEXT YEAR HE'LL BE AT SACHSE HIGH.

BUT YEAH, IT'S A LITTLE ABOUT ME. THANK YOU. HI, EVERYONE.

MY NAME IS KRISLEIGH HOERMANN. I CURRENTLY AM SERVING ON THE EDC.

I ALSO SERVE IN A NEIGHBORING CITY ON THE HISTORIC REVIEW COMMISSION THERE AS WELL.

THIS IS MY FIRST BOND COMMITTEE THAT I'VE BEEN A PART OF.

SO EXCITED TO BE HERE. WE MOVED TO SACHSE IN, I THINK 2015, I BELIEVE.

I HAD LITTLE BITTY KIDS AT THE TIME. I NOW HAVE A HIGH SCHOOLER DOWN TO FOURTH GRADER.

I HAVE THREE KIDS IN WYLIE ISD. SO NICE. THANK YOU.

WE HAVE TWO MEMBERS THAT COULDN'T BE HERE TONIGHT.

SO JERMAINE MCDANIEL IS ALSO ON THE EDC BOARD.

HE'S PREVIOUSLY SERVED ON THE PARKS AND MDE BOARDS.

AND THEN TRAVIS MONDOK IS FROM THE PLANNING AND ZONING COMMISSION.

SO NOW IF YOU ALL WOULDN'T MIND IF ANYBODY IS INTERESTED IN BEING THE CHAIRPERSON OR NOMINATING SOMEBODY ELSE.

IF YOU WOULDN'T MIND, JUST LET US KNOW. I'D LIKE TO NOMINATE MYSELF DANIELLE PARKER FOR CHAIR.

I WILL NOMINATE SCOTT FOR CHAIR. I NOMINATE SCOTT FOR THE CHAIR.

AND I WANT TO BE LIKE, IF YOU GUYS CAN TAKE ME AS AN ASSISTANT OR I THINK THE, CHAIR SO I ALSO LIKE, YOU KNOW, I DIDN'T MENTION I'M ALSO IN THE HOA BOARD BEFORE I STARTED THE LIBRARY BOARD.

SO WHAT HAPPENS NOW IS THAT YOU ALL DISCUSS AND SOMEBODY WOULD MAKE A MOTION.

WE CAN TAKE THESE AS TWO SEPARATE VOTES, ONE FOR CHAIR AND THEN A SEPARATE ONE FOR VICE CHAIR.

BUT AS WE HAVE SEVERAL PEOPLE THAT ARE INTERESTED, IT MIGHT BE GOOD FOR MAYBE DISCUSS THAT AMONGST YOURSELVES A LITTLE BIT.

THIS IS LIKE THE MOST FUN OF IT ALL. WE ALL KNOW EACH OTHER REALLY WELL AND WE'RE TRYING TO SEE WHAT WE WANT TO DO. ACTUALLY, I DO HAVE A QUESTION. LEAH, WE ONLY ARE TALKING CHAIR RIGHT NOW.

OR DO WE WANT TO DISCUSS BOTH? IT SOUNDS LIKE MAYBE IT MIGHT BE EASIER IF WE TAKE THESE AS TWO SEPARATE VOTES.

[00:10:04]

VICE CHAIR. SO SCOTT, YOU WERE NOMINATED. WOULD YOU WANT TO MAYBE TALK ABOUT IF YOU WOULD ACCEPT THAT NOMINATION? IF YOU WANT TO DISCUSS WHAT YOU WOULD LIKE. I'D BE HAPPY TO ACCEPT THE NOMINATION, I APPRECIATE IT.

I CURRENTLY PRESIDE OVER THE EDC BOARD, BUT JUST OPPORTUNITIES TO SERVE.

AND I THINK I'M GOOD AT CORRALLING FOLKS AND SO BE HAPPY TO DO IT.

IT'S JUST UP TO UP TO THE REST OF THEM HERE. OKAY.

ALL RIGHT. RAFFI? YEAH, I'M OKAY WITH THAT. YEAH.

OKAY. YEAH. DANIELLE. SO I NOMINATED MYSELF A FEW REASONS.

I, I SUPPORT THE CITY. SO EVERY, EVERY CITY EVENT I'M SPONSORING.

SO YOU'LL SEE MY NAME AND I'M VERY INVOLVED. ALSO, I HAVE A LOT OF PUBLIC REACH BECAUSE I AM A REALTOR.

I USE SOCIAL MEDIA FREQUENTLY. AND I THINK WE'RE GOING TO HAVE TO REALLY GET THE PUBLIC INVOLVED IN THIS DISCUSSION AND DECIDE, YOU KNOW, WHAT WE'RE GOING TO DO AND REALLY TAKE YOUR INPUT. AS FAR AS THAT GOES.

SO I THINK, YOU KNOW, AS FAR AS PUBLIC FACING, I, I AM A BETTER CANDIDATE FOR THAT.

ALL RIGHT. I DID FORGET TO MENTION THAT THE, THE CHAIRPERSON AT THE END OF THE PROCESS OF AFTER ALL THE MEETINGS ARE DONE, THEY WOULD ALSO BE RESPONSIBLE FOR WRITING THE REPORT TO THE COUNCIL.

I JUST FORGOT TO PUT THAT IN THERE. BUT OKAY.

SO NOW IF SOMEBODY WANTED TO MAKE A MOTION, WE COULD WE COULD GO FROM THERE.

IT'S I MAKE A MOTION TO TAKE A VOTE ON THE. AND WHAT WOULD WE BE VOTING? CAN YOU PUT WHO. FOR SCOTT AND SORRY. DANIELLE AND RAFI. SO WHAT WE HAVE TO DO, WE HAVE TO ACTUALLY CHOOSE ONE.

SO IT'S A YES OR NO VOTE ON THIS, UNFORTUNATELY.

SO IT HAS TO BE A ONE PERSON THAT YOU'RE PUTTING IN AS THE MOTION.

OH MY GOD. OKAY. NO. OKAY. I'LL MAKE A MOTION. TO VOTE FOR SCOTT AS CHAIR FOR. ALL RIGHT.

LET ME JUST TYPE THAT IN REAL QUICK.

OKAY. AND SO WE HAVE A MOTION TO ELECT SCOTT MCMURDIE AS THE CHAIR.

DO WE HAVE A SECOND? I SECOND. OKAY. IF WE HAVE ANY OTHER DISCUSSION AND THIS IS AN ACTION ITEM. SO IF THERE IS ANYBODY IN THE PUBLIC THAT WOULD LIKE TO SPEAK ON THIS ITEM.

OKAY. SEEING AS WE HAVE A MOTION AND A SECOND, IF YOU ALL WOULD CAST YOUR VOTES, IF YOU'RE LOGGED IN, YOU CAN DO THAT ONLINE. IF NOT, IF YOU'LL JUST RAISE YOUR HAND.

YES. OR, OR A THUMBS UP OR THUMBS DOWN. OKAY.

WHO ALL IS LOGGED IN? ALL RIGHT. THAT PASSES 4 TO 1 WITH DANIELLE PARKER VOTING NO.

ALL RIGHT. AND THEN NEXT IF WE WANT TO TALK ABOUT VICE CHAIR.

I WOULD NOMINATE DANIELLE PARKER, VICE CHAIR.

YOU ALL CAN TALK ABOUT IT UNTIL I HEAR A MOTION.

MOTION TO VOTE. DANIELLE PARKER VICE CHAIR. AND I'LL SECOND THAT.

ALL RIGHT. LET ME ADD THAT IN HERE.

I'M SORRY. THAT WAS SCOTT. THAT SECOND. YES, MA'AM.

THANK YOU. ALL RIGHT, WE HAVE A MOTION AND A SECOND.

IS THERE ANYBODY IN THE AUDIENCE THAT WOULD LIKE TO SPEAK ON THIS ITEM? OKAY. WITH THAT, WE WILL TAKE A VOTE. RAFI. YES.

ALL RIGHT. THAT PASSES UNANIMOUSLY. SO IF WE CAN HAVE SCOTT MOVE INTO THE CENTER SEAT AND DANIELLE MOVE OVER.

[00:15:07]

PLEASE TAKE YOUR. DO WE NEED TO TAKE THE CARD OUT? MICROPHONE CARD WITH YOU? YES. THANK YOU.

AND MR. CHAIRPERSON, YOU CAN TAKE IT FROM THERE.

LET'S TRY THAT ITEM. SEE PUBLIC COMMENT. THE PUBLIC IS INVITED TO ADDRESS THE BOARD REGARDING ANY TOPIC NOT ALREADY ON THE AGENDA FOR ACTION OR PUBLIC HEARING.

[C. Public Comment]

TIME IS THREE MINUTES PER SPEAKER. PUBLIC COMMENT CARD SHALL BE PRESENTED TO THE ACTING SECRETARY PRIOR TO THE MEETING.

ACCORDING TO TEXAS OPEN MEETINGS ACT, THE BOARD IS PROHIBITED FROM DISCUSSING ANY ITEM NOT POSTED ON THE AGENDA, BUT WILL TAKE COMMENTS UNDER ADVISEMENT. I DO HAVE A COMMENT CARD HERE FROM MR. MARTY. WOULD YOU LIKE TO COME UP? MARTY, 5511 OAK RIDGE CIRCLE SACHSE, TEXAS, TOP OF THE HILL.

GOT A LOT OF QUESTIONS ABOUT WHAT Y'ALL'S PROCEDURES ARE GOING TO BE BECAUSE I HAVE A LOT OF QUESTIONS AND TO THOSE QUESTIONS GET DIRECTED TO THE CITY, TO THOSE GET QUESTIONS, GET DIRECTED TO THE BOND COMMITTEE.

BUT THERE'S A LOT OF STUFF GETTING PUT INTO YOUR.

BAILIWICK. AND I GOT QUESTIONS ON THE PROJECTS.

I GOT QUESTIONS ON THE COST ESTIMATES, I GOT QUESTIONS.

ARE Y'ALL TAKING INTO CONSIDERATION TO THE FINANCIAL IMPACT TO THIS CITY AND THE TAX RATE? BECAUSE THE CITY COUNCIL JUST KIND OF BLEW IT OFF THE OTHER DAY.

SO YOUR DECISIONS ARE IMPORTANT AND THEY'RE DEFINITELY NEEDED.

BUT THERE'S A LOT OF UNANSWERED QUESTIONS OUT THERE.

AND I AM VERY CURIOUS OF HOW YOU'RE GOING TO HANDLE THOSE.

AND WHAT IS THE ROLE OF PUBLIC INPUT INTO THIS PROCESS? BECAUSE ACCORDING TO THE CITY COUNCIL, 30,000 PEOPLE CAN COME UP HERE AND STATE ANY KIND OF PROJECT THAT THEY WANT TO BE INCLUDED ON THIS LIST. AND THAT MEANS A COST ESTIMATE IS GOING TO GET DERIVED.

IT MEANS THAT THERE'S GOING TO HAVE TO BE DISCUSSION OF WHY IT RANKS BETTER THAN SOMETHING ELSE.

AND I'M JUST CURIOUS HOW THIS PROCESS IS GOING TO WORK.

BECAUSE IN THE LAST BOND ELECTION, IT DID NOT GO SMOOTHLY.

THANK YOU. THANK YOU, MR. HOLYOAKE. WOULD ANYONE ELSE LIKE TO ADDRESS THE COMMITTEE? ALL RIGHT. WE'LL MOVE ON TO ITEM D DISCUSSION ITEMS D ONE RECEIVE AND DISCUSS AN OVERVIEW OF POTENTIAL BOND 2027 PROJECTS.

[1. Receive and discuss an overview of potential Bond 2027 projects.]

ALL RIGHT. WELCOME, EVERYBODY, TO THIS PORTION OF THE PRESENTATION.

WE ARE GOING TO GO THROUGH QUITE A BIT OF INFORMATION.

SO WE'RE GOING TO STOP AFTER EACH CERTAIN SECTION FOR QUESTIONS.

AND JUST MAKE SURE THAT WE KIND OF HIT ALL THE HIGH NOTES AS WE GO THROUGH BECAUSE IT IS QUITE A BIT OF INFORMATION.

SO OVERVIEW FOR TONIGHT AS I JUST MENTIONED, WE'LL DO, WE'LL TALK ABOUT THE COMMITTEE'S CHARGE.

THE CITY COUNCIL DID MEET ON MONDAY OF THIS WEEK TO DISCUSS THE COMMITTEE'S CHARGE.

AND WE'LL TALK ABOUT THAT HERE IN A LITTLE BIT ALONG WITH THE TIMELINE. AND THEN WE WILL MOVE ON TO GENERAL OBLIGATION BONDS.

JUST KIND OF UNDERSTANDING WHAT THOSE ARE AND GOING INTO BOND, ELECTION PROCESS LAWS AND ETHICS.

AND THEN WE WILL GET TO CANDIDATE PROJECTS AND THE NEXT STEPS.

SO FOR INTRODUCTIONS YOU MET ME. I'M LOGAN THATCHER, AN ASSISTANT TO THE CITY MANAGER.

AND I WILL BE YOUR STAFF LIAISON AS WELL. THROUGHOUT THIS PRESENTATION, YOU'LL HAVE COREY NESBITT, DIRECTOR OF CIP AND PUBLIC WORKS HELP WITH ANY QUESTIONS WITH CANDIDATE PROJECTS THAT YOU MAY HAVE.

AND WE ALSO HAVE CHRIS SETTLE FROM MCCALL PARKHURST AND HORTON AND JASON HUGHES FROM HILLTOP SECURITIES,

[00:20:02]

SO WITH THAT, LET'S TALK ABOUT THE COMMITTEE'S CHARGE.

THE, THE DUTY AND ASSIGNMENT FOR THIS BOND COMMITTEE IS TO RECOMMEND A BOND PACKAGE TO COUNCIL FOR MAY 2027 ELECTION.

SO THE COMMITTEE WILL LEARN ABOUT THE CITY'S CAPITAL NEEDS AND PRIORITIZE CANDIDATE PROJECTS, AND ULTIMATELY RECOMMEND WHICH PROJECTS TO INCLUDE WITHIN THE CITY'S FINANCIAL CAPACITY.

SO YOU WILL ALSO RECOMMEND HOW PROJECTS ARE GROUPED INTO BALLOT PROPOSITIONS, AND WE'LL GET INTO THAT IN A FUTURE MEETING AS WELL.

BUT ULTIMATELY, THE CITY COUNCIL WILL DECIDE WHAT IS PUT ON THOSE PROPOSITIONS.

SO AS I MENTIONED, THIS COMMITTEE WILL RECOMMEND THOSE PROPOSITIONS.

AND WHAT IS WILL BE PUT ON THOSE PROPOSITIONS FOR FOR APPROVAL.

BUT ULTIMATELY THE COUNCIL WILL DECIDE IN JANUARY WHAT, WHAT WILL BE PUT ON THOSE PROPOSITIONS.

AND THEN WE WILL CALL THE ELECTION BY THE FEBRUARY DEADLINE IF DESIRED.

RIGHT. SO WE COULD GO WITH THE PROPOSITIONS THAT ARE RECOMMENDED.

THEY COULD CHANGE THEM OR THEY COULD GO WITH NOTHING.

RIGHT. SO JUST WANTED TO MAKE SURE THAT THAT WAS CLEAR AT THIS STAGE.

HERE IS THE TIMELINE TO THE BALLOT. SO THERE WILL BE THREE COMMITTEE MEETINGS THIS FALL WITH A RECOMMENDATION TO COUNCIL IN JANUARY.

AS I MENTIONED, YOU ALL ARE AWARE OF THOSE THREE MEETING DATES.

AND THEN AGAIN, AS I MENTIONED, JANUARY RECOMMENDATION TO COUNCIL ELECTION CALLED BY THE FEBRUARY 12TH DEADLINE AND THEN MAY 1ST, 2027 IS WHEN IT WOULD GO TO THE VOTERS. ANY QUESTIONS ON ANY OF THAT? OKAY. AT THIS PORTION, I WILL INVITE JASON HUGHES, THE SENIOR MANAGING DIRECTOR OF HILLTOP SECURITIES, TO COME AND PRESENT. ALL RIGHT. CHAIR MEMBERS, GOOD EVENING.

GOOD TO BE WITH YOU AGAIN. I'M JASON HUGHES, SENIOR MANAGING DIRECTOR AT HILLTOP SECURITIES AND REGIONAL HEAD OF INVESTMENT BANKING.

I SERVE AS THE MUNICIPAL ADVISOR FOR THE CITY AND HAVE DONE SO SINCE ROUGHLY ABOUT 2005.

WHAT MY JOB IS, IS TO ULTIMATELY HELP THE CITY AS THEY PUT TOGETHER THEIR CAPITAL IMPROVEMENT PLAN, COME UP WITH FINANCING OPTIONS, AND TO ULTIMATELY REPRESENT THEM IN THE BOND MARKET AND SERVE AS THEIR FIDUCIARY.

THE OTHER PERSON THAT HELPS OUT ON THAT, AGAIN, AND YOU'LL HEAR FROM HIM IN JUST A MINUTE, IS CHRIS SETTLE. HE IS WITH MCCALL, PARKHURST AND HORTON.

HE SERVES AS BOND COUNSEL. HE IS HELPING THE CITY, ASSISTING THEM.

WHENEVER WE LOOK AT TAX EXEMPT PROJECTS, MAKING SURE THAT THEY ADHERE TO FEDERAL TAX LAW AS WELL AS STATE LAW, BECAUSE STATE LAW IS VERY SPECIFIC ON THE TYPE OF DEBT THAT CAN BE ISSUED IN THE STATE OF TEXAS, WHAT IT'S ISSUED FOR, THINGS OF THAT NATURE. SO WHAT I'M GOING TO DO IS TALK A LITTLE BIT ABOUT SOME OF THE CONSIDERATIONS AS IT RELATES TO ISSUING GEO BONDS.

I'LL ALSO TALK ABOUT GEO BONDS SPECIFICALLY WHAT THAT MEANS WITHIN THE STATE OF TEXAS.

AND THEN I'LL GO THROUGH AND TALK ABOUT THE FINANCE PLAN AND KIND OF GIVE A HIGH LEVEL OVERVIEW OF WHAT THAT LOOKS LIKE.

SO CERTAINLY I'M VERY INFORMAL DURING THIS. IF YOU HAVE ANY QUESTIONS, PLEASE INTERRUPT ME. I'D BE HAPPY TO ANSWER THOSE. GO INTO ANY MORE DETAIL AS YOU WOULD LIKE. ONE OF THE NICE THINGS ABOUT ISSUING DEBT IN TEXAS IS YOU HAVE A LOT OF FLEXIBILITY TO DO THAT.

TEXAS STATUTE IS RELATIVELY SPECIFIC ON WHAT CAN AND CAN'T BE FINANCED.

YOU HAVE TO HAVE THE CITY HAS TO HAVE SPECIFIC STATUTORY AUTHORITY TO ISSUE DEBT.

SO IN OTHER WORDS, WHENEVER WE GO AND WE LOOK AT IT, WE BASICALLY.

AND I SAY WE CHRIS REALLY IS LOOKING AT IT AND SAYING, OKAY, WITHIN THIS STATUTE, THIS IS WHERE WE HAVE THE AUTHORITY TO GO AND ISSUE DEBT.

AND AGAIN, TONIGHT, WE'LL SPECIFICALLY BE TALKING ABOUT GEO BONDS.

BUT WHENEVER THE CITY GOES AND ISSUES THAT DEBT, THE NICE THING IS, IS WE CAN ISSUE DEBT OVER DIFFERENT TERMS FOR DIFFERENT PROJECTS.

AND JUST AS A VERY SIMPLE EXAMPLE, IF THERE WAS A PORTION THAT WAS FOR TECHNOLOGY NEEDS, WE COULD DO THAT OVER A FIVE YEAR TERM.

IF THERE WAS A PORTION THAT WAS MORE FURNISHINGS, THINGS OF THAT NATURE, WE COULD DO THAT OVER TEN YEARS.

IF THERE WAS SOMETHING MORE LONG TERM LIKE BUILDINGS, WE COULD DO THAT OVER 20 YEARS.

SO AGAIN, ALL THAT, GENERALLY SPEAKING, CAN BE DONE WITHIN ONE BOND ISSUE.

ISSUING DEBT ALLOWS THE CITY TO FINANCE LARGER PROJECTS AND ALSO ALLOWS THEM TO SPREAD THAT IMPACT OVER A PERIOD OF TIME.

AND THE EASIEST EXAMPLE OR KIND OF RELATED TYPE EXAMPLE IS YOUR HOME MORTGAGE, RIGHT? MOST PEOPLE DON'T HAVE $500,000 IN THE BANK WHERE THEY CAN GO AND JUST SPEND THAT TO BUY A HOUSE.

THEY'RE TYPICALLY TAKING OUT 15 YEAR, 20 YEAR, OR EVEN A 30 YEAR MORTGAGE.

IN THIS CASE, THE CITY IS LOOKING AT DOING THE SAME THING, WHICH IS ISSUING, GENERALLY SPEAKING, LONGER TERM DEBT, TYPICALLY 20 YEARS IS WHAT THE CITY ISSUES.

BUT THEY'RE DOING THAT IN ORDER TO PURCHASE OR CONSTRUCT A LONG TERM ASSET.

AND SO THAT'S WHAT WE'LL BE DISCUSSING IN JUST ONE MOMENT.

ONE OF THE OTHER THINGS THAT OFTEN GETS OVERLOOKED IS THE FACT THAT BY ISSUING DEBT, THE CITY IS BASICALLY HAVING NOT ONLY THE CURRENT BENEFICIARIES THAT ARE USING THAT. IF IT'S A PARK, FOR EXAMPLE, PAY FOR IT, BUT ALSO FUTURE BENEFICIARIES.

[00:25:06]

IF THE CITY IS ISSUING DEBT AND IT'S FOR PUBLIC PURPOSE.

SO AGAIN, IF THEY'RE BUILDING STREETS, FACILITIES, PARKS, THINGS OF THAT NATURE, GENERALLY SPEAKING, THEY CAN ISSUE THAT AS TAX EXEMPT DEBT. ALL THAT SIMPLY MEANS IS THE INVESTOR THAT BUYS THAT DOES NOT HAVE TO PAY FEDERAL INCOME TAX ON THE INVESTMENT EARNINGS OR INTEREST EARNINGS ON THAT DEBT. AND SO THE TRADE OFF IS SINCE THEY'RE NOT HAVING TO PAY FEDERAL TAX ON THAT, THEY'RE WILLING TO TAKE OR ACCEPT A LOWER INTEREST RATE.

AND SO THAT TAX EXEMPT RATE IS TYPICALLY A VERY AGGRESSIVE COST OF CAPITAL, I.E.

THE LOWEST POSSIBLE FOR THE CITY. AND THEN THE OTHER THING TOO IS, AS YOU SEE THERE AGAIN WITHIN TEXAS STATUTE, BY ISSUING DEBT THAT ALLOWS THE CITY TO LEVY AN INS OR AN INTEREST IN SINKING FUND TAX RATE.

AND AS MANY OF YOU MAY KNOW, THE CITY LEVIES TWO DIFFERENT TYPES OF TAX RATES.

THE FIRST IS THE M, N, O, OR MAINTENANCE AND OPERATIONS TAX RATE.

THAT BASICALLY IS FUNDING DAY TO DAY OPERATIONS OF THE CITY.

IT FUNDS CITY SALARIES, STAFF SALARIES, THINGS OF THAT NATURE, EVERYTHING THAT'S REQUIRED TO KEEP THE CITY OPERATING ON A DAY TO DAY BASIS.

AGAIN, THAT'S THE M, N O OR MAINTENANCE AND OPERATIONS TAX RATE.

THE SECOND TAX RATE COMPONENT IS THE INS OR INTEREST AND SINKING FUND TAX RATE.

AND THAT'S USED SOLELY TO REPAY DEBT SERVICE.

AND SO THAT IS OR THOSE ARE AGAIN TWO SEPARATE TAX RATES THAT THE CITY CURRENTLY LEVIES.

THE LAST THING I OFTEN GET A QUESTION ABOUT IS, WELL, WHAT HAPPENS IF THE CITY BASICALLY COMES OUT AND SAYS, OKAY, WE'RE GOING TO HAVE A BOND ELECTION, WE'RE GOING TO HAVE A PROPOSITION FOR STREETS AND A PROPOSITION FOR BUILDINGS.

JUST AS AN EXAMPLE, HOWEVER MUCH IS IN THERE FOR THE PROPOSITION FOR STREETS HAS TO BE SPENT ON STREETS.

IT CANNOT BE SPENT ON ANYTHING ELSE, EVEN IF THERE'S MONEY LEFT OVER OR AUTHORIZATION LEFT OVER AFTER THE STREET PROJECTS IT CAN'T BE USED FOR.

PARKS, FOR EXAMPLE, HAS TO BE USED FOR STREETS.

SAME THING WITH THE BUILDINGS, RIGHT? SO THERE ARE CERTAIN LEGISLATIVE SAFEGUARDS THAT ARE IN PLACE THAT BASICALLY MAKE SURE THAT WHAT THE CITIZENS VOTE ON OR WHAT THE CITIZENS ULTIMATELY GET. YES, SIR. OKAY, A COUPLE QUESTIONS.

START WITH THAT LAST PART. IF YOU SAY YOU AUTHORIZE $10 MILLION FOR STREETS, YOU ONLY NEED NINE OF IT.

YOU'VE ISSUED THE $10 MILLION IN BONDS. IS THAT SOMETHING WHERE YOU WHAT DO YOU DO AT THAT POINT? DO YOU WORK TO PAY THOSE OFF, BASICALLY REFINANCE EVERYTHING? OR WHAT IS IT YOU DO WITH THAT? SO A COUPLE OF THINGS.

IF THERE ARE OTHER STREET PROJECTS THAT MAYBE WEREN'T CONTEMPLATED.

SO IT COULD BE USED FOR THAT AGAIN, FALLING WITHIN THE CATEGORY OF STREETS, OR YOU COULD TAKE THAT EXTRA MILLION DOLLARS IN YOUR EXAMPLE AND USE IT TO PAY OFF DEBT THAT HAS ALREADY BEEN ISSUED. OKAY. SO WHAT IS 20 YEARS GENERALLY THE LONGEST THAT THE BONDS WILL BE.

OR DO THEY GO 30? THE CITY HAS HISTORICALLY DONE 20.

I THINK MAYBE THERE WAS 125 YEAR ISSUE, IF I REMEMBER CORRECTLY.

I BELIEVE THAT WAS FOR UTILITIES. BUT GENERALLY SPEAKING, WHAT WE LOOK AT ARE 20 YEARS AND THEN EVERYTHING.

WHEN YOU START TO TALK ABOUT REFINANCING THE DEBT, THAT'S COMPLETELY SEPARATE FROM THIS.

GREAT QUESTION. SO, YES. SO JUST LIKE, AGAIN, YOU CAN REFINANCE YOUR HOME MORTGAGE, RIGHT? SO IF YOU WERE TO TAKE OUT A MORTGAGE AT 6%, RATES DROPPED TO 4%, YOU COULD REFINANCE.

THE CITY RETAINS THAT SAME TYPE FLEXIBILITY. SO ANYTIME WE GO OUT AND WE ISSUE DEBT, WE PUT WHAT'S CALLED A CALL FEATURE IN THERE.

ALL THAT SIMPLY IS, IS WE TELL INVESTORS, WE CAN TAKE THESE BONDS AWAY FROM YOU AT A POINT IN THE FUTURE OR ANY TIME THEREAFTER.

SO, YES, AND THAT IS ONE OF THE THINGS THAT THE CITY HAS DONE HISTORICALLY IS ISSUE DEBT.

AND THEN AS RATES DROP DOWN, WHEN AND REFINANCE THAT TO DRIVE DOWN THE PAYMENTS.

OKAY. THANK YOU. YES, MA'AM. ARE THERE ANY PREPAYMENT PENALTIES ATTACHED TO THESE DEBT? THERE ARE NO THERE ARE NOT SO GREAT QUESTIONS.

SO IN THE NEXT SLIDE, THIS GOES THROUGH ON THE LEFT HAND SIDE, I'LL TALK A LITTLE BIT ABOUT G O BONDS WITH SHORT OBVIOUSLY FOR GENERAL OBLIGATION BONDS.

ON THE RIGHT HAND SIDE IS WHAT THE CITY HAS ISSUED AND IS OUTSTANDING TODAY, SPECIFICALLY GEO BONDS.

SO LET ME START ON THE LEFT HAND SIDE. GEO BONDS ARE SUBJECT TO A BOND ELECTION.

AS THAT CURRENTLY STANDS, IT'S A SIMPLE MAJORITY THAT IS REQUIRED FOR APPROVAL.

I SAY AS IT CURRENTLY STANDS, AS MOST OF YOU PROBABLY KNOW, THE LEGISLATURE MEETS EVERY TWO YEARS.

THEY'LL BE STARTING AT THE FIRST PART OF NEXT YEAR, 2027.

THEY CAN CHANGE THAT. RIGHT. AND SO PROBABLY WITHIN THE LAST 2 TO 3 LEGISLATIVE SESSIONS, THOSE ARE SOME OF THE DISCUSSIONS THAT HAVE COME UP ABOUT RIGHT NOW.

YOU CAN HAVE A OR YOU CAN HAVE A BOND ELECTION ON ANY UNIFORM ELECTION DATE.

UNIFORM ELECTION DATES OCCUR IN MAY AND NOVEMBER.

THERE'S BEEN DISCUSSION OF MOVING THAT TO WHERE IT'S ONLY NOVEMBER.

[00:30:04]

THERE HAVE ALSO BEEN DISCUSSIONS ABOUT MOVING THE SIMPLE MAJORITY TO A 60% TO A SUPERMAJORITY.

THERE WAS ONE, I BELIEVE IT WAS LAST LEGISLATIVE SESSION WHERE THEY ACTUALLY TALKED ABOUT EITHER 20 OR 25% OF THE REGISTERED VOTERS OF SACHSE WOULD HAVE TO VOTE IN ORDER FOR IT TO BE A VALID ELECTION. SO THERE ARE A LOT OF THINGS THAT ARE, IN MY OPINION, PRETTY DRACONIAN THAT HAVE BEEN DISCUSSED.

BUT AGAIN, AS IT STANDS RIGHT NOW, SIMPLE MAJORITY IS ALL IT IS REQUIRED FOR A BOND ELECTION TO PASS.

THE NICE THING ABOUT THAT IS ONCE THAT BOND ELECTION PASSES, ONCE THE CITIZENS APPROVE THAT, IT GIVES COUNCIL THE ABILITY TO GO AND ISSUE THAT DEBT AGAIN, SPECIFIC TO THE PROPOSITIONS THAT WERE PASSED AT ANY TIME OF THEIR CHOOSING.

AND SO THE NICE THING ABOUT THAT, IT ALLOWS THEM TO TAKE INTO ACCOUNT PROPERTY TAX GROWTH, WHAT THE INS TAX RATE IS. MOST IMPORTANTLY, THE NEEDS AND THE TIMING OF THE CONSTRUCTION AND THE PROJECTS, THINGS OF THAT NATURE. SO THAT FLEXIBILITY, THOUGH, AGAIN RESTS WITH COUNCIL ONCE THE CITIZENS APPROVE THE BOND ELECTION.

SO THEY COULD, FOR EXAMPLE, THEY COULD ISSUE ALL THE BONDS IMMEDIATELY, EVEN THOUGH IT MAY BE 3 OR 4 YEARS BEFORE THEY GET TO USE IT, IF THAT'S WHAT THEY BELIEVE MAKES THE MOST SENSE.

SO GREAT QUESTION. USING YOUR COUNCIL AND OTHER.

SO TYPICALLY WHILE THEY COULD DO THAT, THEY TYPICALLY DON'T.

AND THE REASON IS BECAUSE AGAIN, IF WE'RE ISSUING TAX EXEMPT DEBT, THE FEDERAL GOVERNMENT IS LOSING MONEY ON THAT, RIGHT? BECAUSE THEY'RE NOT GETTING THE FEDERAL INCOME TAX ON THE INTEREST EARNINGS.

SO WHAT THEY HAVE DONE IS THEY HAVE FEDERAL TAX CODE CAME ABOUT IN 1986, WHERE THEY EFFECTIVELY SAY THAT THEY EXPECT THAT ANY TIME A CITY ISSUES DEBT, THAT THERE IS A REASONABLE EXPECTATION TO EXPEND 85% OF THOSE FUNDS WITHIN THREE YEARS.

SO THERE IS KIND OF A CLOCK BUILT IN CHAIR WHERE, YES.

WHILE THEY COULD DO THAT, THEY GENERALLY DON'T WANT TO.

BECAUSE OF THAT. THE OTHER THING IS, TYPICALLY WE SEE WHERE DEBT SERVICE IS STRUCTURED TO START THE YEAR AFTER IT'S ISSUED.

SO YOU WOULDN'T WANT TO HAVE A POT OF MONEY SITTING HERE AND THEN BE ACCRUING INTEREST AND PAYING INTEREST ON THAT FOR 3 TO 4 YEARS WITHOUT USING THOSE FUNDS.

OKAY, THANKS. SO WHAT YOU SEE THERE AGAIN, I'M ON THE MIDDLE IN THE LEFT HAND SIDE.

TYPICAL PROJECTS, WHAT YOU GENERALLY SEE AS IT RELATES TO GEO BONDS AND GEO BONDS, BOND ELECTIONS, LARGER SCALE PROJECTS. IF YOU HAVE CITY HALLS, YOUR QUALITY OF LIFE TYPE PROJECTS PARKS, THINGS OF THAT NATURE STREETS, THOSE ALL A LOT OF TIMES ARE TYPICAL PROJECTS WITHIN A GEO BOND ELECTION.

THE ONE THING I WOULD ALSO POINT OUT HERE IS IF A CITY REFUNDS DEBT, LIKE I WAS TALKING ABOUT EARLIER, THEY DON'T HAVE TO HAVE THE REFUNDING VOTED RIGHT.

IF THEY'RE TAKING OUT EXISTING DEBT AND DOING A REFINANCING THAT DOES NOT HAVE TO BE VOTED, IT'S SIMPLY THE NEW PROJECTS THAT HAVE TO BE VOTED ON THE BOTTOM LEFT CONSIDERATIONS.

A COUPLE OF THINGS THAT ARE VERY IMPORTANT, SEPARATE AND DISTINCT PROPOSITIONS CANNOT BE COMBINED INTO ONE.

AS AN EXAMPLE, IF THE CITY SAID, OKAY, WE WANT A $10 MILLION BOND ELECTION FOR STREETS AND A $15 MILLION BOND ELECTION FOR BUILDINGS, THOSE WOULD HAVE TO BE TWO DIFFERENT PROPOSITIONS 10 MILLION, 15 MILLION.

THEY COULD NOT BE COMBINED INTO A $25 MILLION SINGLE PROPOSITION.

IF YOU HAVE TEN DIFFERENT STREETS THAT YOU WANT TO AFFECT, THOSE CAN ALL BE IN A SINGLE PROPOSITION, RIGHT? BUT IT'S IT'S BASED. THAT'S HOW STATE LAW BASES OUT.

ONE OF THE OTHER THINGS THAT'S VERY IMPORTANT IS THAT SECOND BULLET POINT THERE, WHICH IS IF THE CITY COUNCIL CALLS FOR A BOND ELECTION AND IT FAILS, THE CITY CANNOT TURN AROUND AND ISSUE WHAT ARE CALLED CERTIFICATES OF OBLIGATION, WHICH ARE SIMPLY NON VOTED DEBT THEY CANNOT ISSUE CEOS FOR A PERIOD OF THREE YEARS FOR THOSE SAME PROJECTS. AND SO THAT'S ONE OF THE THINGS WHERE A LOT OF TIMES CITY COUNCILS NOW ARE LOOKING AT THAT AND SAYING, OKAY, WE HAVE TO HAVE PUBLIC SAFETY. AS AN EXAMPLE, PUBLIC SAFETY USED TO BE WHERE YOU WOULD SEE PUBLIC SAFETY VOTED ON IN A GEO BOND ELECTION. AND A LOT OF THE CALCULUS NOW IS CITY COUNCILS ARE LOOKING AT THAT AND SAYING, LOOK, WE HAVE TO HAVE A FIRE STATION. WE HAVE TO HAVE A POLICE FACILITY, YOU KNOW, DIFFERENT THINGS LIKE THAT.

AND SO THOSE ARE MAYBE GOING THE CO ROUTE INSTEAD OF THAT GEO BOND.

SO JUST WANTED TO POINT THAT OUT. ON THE RIGHT HAND SIDE AGAIN AS YOU SEE WHAT IS OUTSTANDING RIGHT NOW SPECIFIC TO GEO BONDS OR GEO REFUNDING BONDS OR THESE FOUR ISSUES. SO THE CITY HAS HAD JUST WITHIN THE RECENT HISTORY, JUST TO KIND OF GIVE YOU SOME CONTEXT, 2006, THE CITY HAD A GEO BOND ELECTION FOR 37.925 MILLION.

AND IN 2021, THE MOST RECENT BOND ELECTION WAS WAS FOR 54.035 MILLION.

SO THAT WAS THE LAST BOND ELECTION. THAT WAS AGAIN 2021.

SO HE HAS USED OTHER DEBT ITEMS, WHETHER IT BE CEOS OR THERE'S ANOTHER ONE CALLED TAX NOTES TO FUND CERTAIN THINGS.

[00:35:07]

QUESTIONS ON THAT. YES, SIR. BOTTOM THE SERIES 2015 GEO REFUNDING BONDS.

IT SAYS REFUNDING THE SERIES 22,003 CO CEOS. YES, SIR.

HERE WE SIT IN 2026. WE'RE 23 YEARS PAST THAT.

HOW I MEAN WE'RE WE'VE FROM WHAT IT LOOKS LIKE WE'VE EXTENDED THIS A LONG TIME.

WHAT'S HAPPENED. SO WE DIDN'T EXTEND THE 2003.

WE DIDN'T EXTEND EITHER OF THOSE, BUT WHAT WE DID IS WE REFUNDED THOSE 2009 BONDS.

I'D HAVE TO LOOK AND SEE WHEN THOSE FULLY MATURE.

BUT THAT'S. AGAIN, REMEMBER THE VERY FIRST THING I TALKED ABOUT.

WE CAN WITHIN ONE SINGLE ISSUE STRUCTURE A DIFFERENT WAY.

SO THE OH THREE WE WOULD ONLY HAVE IT GO UP TO HERE, WHEREAS THE OH NINE BONDS MAYBE WENT OUT FURTHER.

OKAY. EXPLAIN A LITTLE BIT ON THE CEOS AND MAYBE THAT'S FURTHER ON HERE.

WHAT CAPACITY DOES THE CITY HAVE TO ISSUE THE CEOS? CERTAINLY, BECAUSE THAT'S THOSE DON'T GO TO PUBLIC VOTE.

SO THE CITY CAN CHOOSE TO ISSUE CEOS FOR DIFFERENT PROJECTS AS LONG AS THEY'RE ALLOWED WITHIN THE CEO STATUTE.

AND JUST AS AN EXAMPLE, I HAVE SOME CLIENTS WHERE THEY ONLY DO GEO BONDS EXCEPT IN VERY LIMITED INSTANCES.

AND I HAVE SOME CLIENTS THAT ONLY DO CERTIFICATES OF OBLIGATION AND DON'T DO ANY GEO BOND ELECTIONS.

AND SO IT'S REALLY BASED ON EACH CITY, ON THE PROJECTS THEY HAVE, WHAT THEY WANT TO DO.

SO IT'S REALLY A ARE ROADS PART OF THE STATUTE? SO THEY COULD SAY, HEY, WE'LL JUST DO THE ROADS AND SEE. OH, LIKE. ABSOLUTELY. OH, ABSOLUTELY.

SO CEOS CAN BE USED CEOS. I WILL TELL YOU, CEOS ARE TYPICALLY USED FOR WHAT I CALL THE DAY TO DAY PROJECTS.

ROADS, WATER, SEWER DRAINAGE, PUBLIC SAFETY, RIGHT.

ALL THE THINGS THAT A CITY HAS TO DO AS A CITY TO BE A CITY, IF THAT MAKES SENSE.

AND THE INTEREST RATES ON THOSE THINGS ARE SIMILAR TO THE GEOS. EXACTLY THE SAME.

EXACTLY THE SAME, EXACTLY THE SAME. BUT WHAT I'M SEEING HERE IS SACHSE HAS NO CEOS.

NO, WE DO HAVE CEOS. THAT WAS ONE OF THE THINGS WE JUST WANTED TO GO THROUGH.

YES, SIR. AND SO BE HAPPY TO GO THROUGH IT THAT AT A FUTURE MEETING BUT WANTED TO FOCUS ON THE GEOS.

BUT YES, THEY DO HAVE CEOS OUTSTANDING AS WELL AS TAX NOTES.

THANK YOU. YES, SIR. SO LET ME BEFORE I GO ON TO THE NEXT SLIDE, WHICH WILL BE A SUMMARY OR KIND OF A HIGH LEVEL SUMMARY OF THE CAPITAL IMPROVEMENT PROGRAM FINANCING. LET ME GO THROUGH SOME OF THE THINGS AS FAR AS THE ASSUMPTIONS.

ONE OF THE THINGS THAT WE HAVE TO DO IS, AGAIN, WE'RE TALKING ABOUT HAVING A BOND ELECTION POTENTIALLY IN MAY OF NEXT YEAR, AND THESE BONDS WILL BE OUTSTANDING. WHAT'S ESTIMATED FOR 20 YEARS.

YOUR CITIZENS HAVE TO VOTE ON IT NOW THOUGH, RIGHT.

SO THAT'S ONE OF THE THINGS THAT I TRY AND DO IS BE CONSERVATIVE, YET REALISTIC ON WHAT THAT LOOKS LIKE FOR THAT GEO BOND ELECTION.

SO JUST GOING THROUGH SOME OF THE BOND SIZING FACTORS AND ASSUMPTIONS, THE CURRENT INS TAX RATE, OR AGAIN, THE INTEREST AND SINKING FUND TAX RATE, THAT'S THE ONE THAT'S USED TO SOLELY PAY DEBT IS 19.4 $0.02.

ONE OF THE GOALS OF COUNCIL, AND CERTAINLY IN TALKING WITH STAFF, IS THEY WANTED TO MAINTAIN THAT.

AND SO IT WAS REALLY LOOKING AT WHAT'S THE CAPACITY UNDER THE 19.4 $0.02.

SO THAT'S ONE OF OUR FACTORS. WHAT WE'RE TALKING ABOUT AGAIN, IS A MAY 2027 BOND ELECTION.

AS I SAID, NO INCREASE TO THE CURRENT INS TAX RATE.

THOSE BONDS. LIKE I SAID EARLIER, ONCE CITIZENS APPROVE THAT BOND ELECTION, THEN COUNCIL CAN SELL THOSE BONDS, FUND THE PROJECTS AS NEEDED. AND WHAT'S ASSUMED HERE, THOUGH, IS A FINAL BOND ISSUANCE IN 2031.

SO IT'S ROUGHLY ABOUT A FIVE YEAR PERIOD THAT WE'RE ISSUING BONDS OVER.

AND WHAT I HAVE ASSUMED RIGHT NOW ARE ANNUAL ISSUANCES.

AGAIN, THE CITY COULD DO THAT DIFFERENT. BUT THAT'S WHAT THE ASSUMPTION IS.

YOU SEE THERE THE TAX BASE. SO THE TAX BASE HAS GROWN PRETTY SUBSTANTIALLY AS OTHER CITIES AND SCHOOLS TAX BASES HAVE, PARTICULARLY IN YOUR LARGER METROPOLITAN AREAS IN TEXAS.

WHAT WE HAVE AGAIN, TRYING TO BE CONSERVATIVE, A 3% GROWTH IN 2028, 2% FOR THE NEXT TWO YEARS, 1% FOR FIVE YEARS, 0% THEREAFTER. AGAIN, FROM A HISTORICAL CONTEXT, VERY CONSERVATIVE.

RIGHT? AND THEN FINALLY YOU SEE INTEREST RATE, THE FINANCE PLAN.

THESE ARE AGAIN, 20 YEAR BONDS ASSUMED TO BE AT 5%.

AND IF WE WERE SELLING THAT TODAY, WE HAVE SEEN A RISE IN INTEREST RATES OVER THE LAST ROUGHLY TWO MONTHS, BUT WE WOULD PROBABLY BE SELLING FOR ABOUT 4.75%.

SO THERE STILL IS SOME CUSHION IN THOSE RATES THERE.

ANY QUESTIONS ON THAT? I KNOW I WENT THROUGH A LOT OF NUMBERS PRETTY QUICKLY.

YES SIR. TAX RATE GROWTH GROWTH. DOES THAT ACCOUNT FOR HOW THE CITY ISN'T ABLE TO GROW ANY MORE.

[00:40:09]

SO THAT IS ONE OF THE THINGS. THERE ARE SOME SMALL POCKETS OF DEVELOPMENT, IF I'M NOT MISTAKEN.

AND MAYBE CORY COULD TALK ABOUT THAT AS YOU'D LIKE.

BUT YES, THAT'S ONE OF THE THINGS THAT WE HAVE BEEN VERY COGNIZANT OF, OF KNOWING THAT THERE ARE NOT LARGE, SIGNIFICANTLY LARGE DEVELOPMENTS THAT ARE COMING.

RIGHT. YOU SEE SOME OF THE CITIES WHERE THEY MAY BE HAVING 10%, 15% GROWTH, BUT THAT'S NEW GROWTH.

AND SO, AGAIN, WE'VE TRIED TO BE CONSERVATIVE AND NOT DO ANYTHING LIKE THAT.

OKAY. OKAY, SO LET ME GO THROUGH THIS. I KNOW THERE'S A LOT OF NUMBERS HERE I'M GOING TO GO THROUGH, AS YOU CAN SEE, KIND OF AT THE TOP IN RED, THERE'S LETTERS THERE.

SO WHAT THIS TAKES INTO ACCOUNT COLUMN B TAXABLE ASSESSED VALUATION 2026 THE YEAR THAT JUST WRAPPED UP.

930. AS YOU CAN SEE THERE. IT WAS ABOUT 3.8. SOME OF THE THINGS THAT WERE ENACTED IN THE TEXAS LEGISLATURE IN THE LAST ONE AS FAR AS TAX VALUES, WE HAD ABOUT A BASICALLY IT WAS FLAT 3.875 BILLION.

WE DO TAKE INTO ACCOUNT IN COLUMN D ALL OF THE CURRENT DEBT THAT IS REPAID WITH INS TAXES.

SO CURRENT DEBT IS TAKEN INTO ACCOUNT IN THIS ANALYSIS.

ONE OF THE THINGS, AS YOU CAN SEE THERE IN COLUMN E THAT THE CITY HAS DONE IN THE PAST AND DID DO THIS PAST SUMMER, IS THEY PAID OFF SOME DEBT EARLY. NICE THING ABOUT THAT IS THEY PAY THE PRINCIPAL AND THEN THERE'S INTEREST SAVINGS FROM DOING THAT.

RIGHT? SO THEY DID DO THAT. AND THEN IN 2026, WE DID ISSUE CEOS.

SO WE ISSUED CEOS ABOUT $7 MILLION FOR MERIT ROAD.

AND THEN THERE WAS ROUGHLY ABOUT $11 MILLION FOR A A FACILITY.

A PORTION OF THAT WAS PAID WITH INS TAXES, A PORTION OF ITS PAID WITH UTILITY REVENUES.

SO WE DID SEPARATE THAT OUT. THAT 20TH NOVEMBER 2021 BOND ELECTION.

AGAIN, THAT WAS 50 FOR JUST OVER 54 MILLION. THERE'S ABOUT $8.7 MILLION LEFT OVER FROM THAT THAT IS ANTICIPATED TO BE SOLD IN 2027. SO THAT IS TAKEN INTO ACCOUNT. SO ALL OF THE ELECTION AUTHORITY ASSOCIATED WITH THE 2021 BOND ELECTION IS TAKEN INTO ACCOUNT.

AND THEN, AS YOU CAN SEE THERE IN COLUMN K, THAT WOULD BE THE MAY 2027, THE NEW BOND ELECTION, WHICH YOU'RE CONSIDERING. AND THAT WOULD TAKES THOSE CASH FLOWS INTO ACCOUNT AGAIN WITH THE FINAL ISSUANCE OF 2031.

WHAT THIS SHOWS IS BASED ON THOSE ASSUMPTIONS THAT I JUST WENT THROUGH, THAT THE CAPACITY, AGAIN, MAINTAINING THE CURRENT INN'S TAX RATE OF 19.4 $0.02 IS ABOUT 55.5 MILLION.

THAT'S THE BOTTOM NUMBER IN GRAY ON THE BOTTOM RIGHT HAND SIDE.

AND LET ME TALK ABOUT WHAT THAT MEANS AND WHAT THAT DOESN'T MEAN.

THAT IS AN ESTIMATE. AGAIN, BASED OFF OF ALL THE ASSUMPTIONS I WENT THROUGH ON THE PREVIOUS PAGE.

THAT DOES NOT SAY THIS IS THE ONLY CAPACITY THE CITY HAS.

AND JUST TO GIVE YOU A REAL WORLD EXAMPLE, I WORK WITH MESQUITE ISD.

WE HAD A BOND ELECTION. IT WAS KIND OF MID TEENS.

WHAT THE ASSUMPTION SAID WAS THAT THE CAPACITY WAS 275 MILLION.

THE DISTRICT HAD APPROXIMATELY $325 MILLION OF PROJECTS.

THEY CALLED THE BOND ELECTION FOR 325 MILLION.

KNOWING THAT 275 WAS ABSOLUTELY VERY REASONABLE BASED ON CONSERVATIVE ASSUMPTIONS, BUT THAT IF VALUES WERE HIGHER OR INTEREST RATES WERE LOWER, THAT THEY COULD PROBABLY FIND SOMEWHERE CLOSER TO THE 325 AND FUND ALL THE PROJECTS.

BOND ELECTION PASSES AGAIN FOR 325 MILLION. AND THOSE TWO THINGS DID HAPPEN.

TAX VALUES WERE HIGHER THAN PROJECTED, INTEREST RATES WERE LOWER.

SO THEY DID ULTIMATELY SELL AND FUND THOSE $325 MILLION IN PROJECTS.

I SAY THAT JUST WITHIN THE CONTEXT OF DON'T GET FIXATED ON, JASON TOLD US IT'S 55.535 MILLION.

RIGHT. THAT, AGAIN, IS JUST SIMPLY THE ESTIMATE BASED ON THOSE ASSUMPTIONS.

HOW DOES THAT MATH WORK THEN? IF YOU'RE TRYING TO, YOU'RE GOING TO GO WHATEVER THE APPROVAL IS AND SAY THERE'S NO TAX RATE INCREASE.

IF THE ASSUMPTIONS DON'T WORK, TECHNICALLY THERE COULD BE A TAX RATE INCREASE.

SO HOW DOES THAT HOW DOES THAT? IS THAT JUST A WE'RE HOPING WE GOT OUR NUMBERS CLOSE OR WHAT DOES THAT MEAN FOR US? SO ONE OF THE THINGS WHAT YOU TYPICALLY SEE IS THAT CITIES OR SCHOOLS, AS THE CASE MAY BE, WILL RATCHET DOWN WHAT THEY WOULD OTHERWISE ISSUE.

RIGHT? LET'S SAY THAT THERE IS A BOND ELECTION CALL.

LET'S JUST CALL IT 55 MILLION FOR EASE. LET'S SAY VALUE GROWTH IS NOT AS GREAT.

INTEREST RATES STAY HIGHER. MAYBE THERE'S ONLY CAPACITY FOR 50 MILLION WITHIN THE CURRENT INS TAX RATE.

THAT IS WHAT CITY COUNCIL COULD ULTIMATELY DO IS BASICALLY SAY, LOOK, WE TOLD THE CITIZENS THAT WE WOULDN'T RAISE THE INS TAX RATE BASED ON WHERE WE'RE AT RIGHT NOW. WE CAN ONLY FUND $50 MILLION WORTH OF PROJECTS.

IT IS WHAT IT IS. SO IT ABSOLUTELY GOES BOTH DIRECTIONS, RIGHT? YOU HOPE THAT IT'S THE UPSIDE AND YOU CAN DO THE FULL AMOUNT WITHIN YOUR TAX RATE CONSTRAINT.

[00:45:01]

IF IT'S GOING TO RAISE TAXES, THEY HAVE TO. OR DO THEY HAVE THAT FLEXIBILITY TO SAY, YEAH, WE DON'T CARE. WE'RE STILL GOING TO DO IT. THEY CAN STATUTORILY.

THEY CAN OR CAN'T. YEAH. I THINK THAT THEY COULD ISSUE THAT.

YOU TYPICALLY DO NOT SEE THAT RIGHT NOW. IF A CITY ISSUES DEBT AND THEN VALUES, FOR WHATEVER REASON, DROP OUT OF THE FLOOR AND THEY HAVE TO INCREASE THAT RATE.

YOU COULD SEE THAT. ABSOLUTELY. QUESTIONS.

IF I LOOK AT THIS EARLY IN THE 2015, IT LOOKS IN 2034, THOSE DROP OFF COMPLETELY.

IS THAT WHAT THAT'S SHOWING US. SO THE 2034 WHAT HAPPENS? WE PAID OFF A SIGNIFICANT PORTION OF THAT 2034 MATURITY.

CORRECT. OKAY. TO SHORTEN THAT. YES, SIR. ANY FURTHER QUESTIONS? OKAY. THANK YOU. THANK YOU VERY MUCH. ALL RIGHT.

AT THIS POINT, WE WILL HAVE. I THINK IT'S WORKING.

THERE WE GO. WE'LL HAVE A CALL. PARKHURST AND HORTON COME UP AND WE WILL DO THIS PORTION OF THE PRESENTATION.

AGAIN REINTRODUCE MYSELF. CHRIS, SETTLE WITH MCCALL PARKERSON HORTON.

AND JUST FOR HISTORICAL PURPOSES, I JUST WAS CHECKING MY PHONE AND MY CALL.

MY, MY FIRM WAS BOND COUNSEL FOR THE SACHSE FOR THE VERY FIRST BOND ISSUE IN 1974.

AND WE'VE BEEN BOND COUNSEL EVER SINCE. AND I STARTED WORKING WITH THE CITY WHEN I JOINED THE FIRM.

SO WE HAVE A VERY LONG HISTORY. SO I'M JUST GOING TO CLICK THROUGH THESE SO THAT AND AGAIN, ASK ME ANY QUESTIONS THAT YOU HAVE INTERRUPT ME ALONG THE WAY.

SO WITH RESPECT TO WHEN THE BOND ELECTION PROCESS, I WILL, ONCE THE COMMITTEE COMES UP AND ADVISES THE CITY.

LIKE THE PROJECT, THE PACKAGES, I'LL HELP THE CITY DETERMINE HOW MANY PROPOSITIONS THEY NEED TO BE IN.

IF THEY NEED TO SEPARATE CERTAIN PROJECTS, FOR EXAMPLE, LIKE JASON SAID, ROADS CAN'T BE WITH PUBLIC BUILDINGS, BUT ALSO PUBLIC SAFETY BUILDINGS CAN'T BE WITH A NEW CITY HALL LIKE BECAUSE THOSE ARE CONSIDERED SEPARATE PURPOSES.

BUT FIRE AND POLICE CAN BE IN THE SAME BECAUSE THEY'RE BOTH PUBLIC SAFETY.

SO I'LL HELP THE CITY DETERMINE HOW MANY PROPOSITIONS THERE HAVE TO BE.

AND ANOTHER THING THAT JASON MENTIONED WAS WITH THE THREE YEAR MORATORIUM ON CEOS.

SO IN 2021, THE CITY DECIDED TO IF YOU SPECIFY ROADS IN THE PROPOSITION, ONLY THOSE ROADS ARE SUBJECT TO THE MORATORIUM. THE CITY COULD STILL ISSUE CEOS FOR ANY OTHER ROADS IN THE CITY.

THAT'S ONE OF THE BENEFITS OF LISTING THE ROADS.

BUT THE NEGATIVE IS YOU CAN ONLY SPEND THE BONDS ON THOSE ROADS.

IF YOU HAVE EXTRA FUNDS, YOU CAN'T USE IT FOR OTHER ROADS.

SO THAT'S SOMETHING TO TAKE INTO CONSIDERATION.

AND SO I'LL PREPARE ALL THE ELECTION DOCUMENTS HELP THE CITY MAKE SURE THEY COMPLY WITH ALL THE NOTICE REQUIREMENTS AND EVERYTHING AND WITH THE ETHICS RULES. I BELIEVE YOU'LL HAVE A SHORT PACKET THING.

SO BASICALLY TO THE ETHICS REGULATIONS, THERE'S NO POLITICAL ADVERTISING USING CITY FUNDS.

I DON'T KNOW HOW MUCH YOU ALL KNOW ABOUT THIS.

THE, THIS AREA OF THE LAW YOU CAN ADVOCATE ON YOUR PERSONAL TIME USING YOUR PERSONAL FUNDS.

BUT WHILE YOU'RE SITTING UP THERE, YOU TECHNICALLY, I GUESS BEFORE THE ELECTION'S CALLED, THERE'S NO ELECTION TO ADVOCATE FOR. SO THE RULES AREN'T AS STRICT PRE ELECTION.

BUT ONCE THE ELECTION'S CALLED UP, THAT'S WHEN THE RULES REALLY GET STRINGENT.

AND ONLY CITY FUNDS CAN ONLY BE USED FOR FACTUAL, YOU KNOW, INFORMATION.

LET'S SEE. SO YEAH, I MAKE SURE THE CITY FOLLOWS ALL THE RULES WHEN IT COMES TO HOLDING THE ELECTION.

[00:50:09]

POSTING IT, MAKE SURE IT'S POSTED IN ALL THE PROPER LOCATIONS.

AND THEN ONCE IT'S HELD, I'LL PREPARE THE CANVAS DOCUMENTS, AND IF IT PASSES, THERE'S AN ELECTION CONTEST PERIOD WHERE YOU HAVE 30 CITIZENS HAVE 30 DAYS TO CONTEST THE OUTCOME OF THE ELECTION.

AND ONCE THAT 30 DAYS PASSES IF NOBODY'S FILED AN ELECTION CONTEST, IT BECOMES INCONTESTABLE UNDER LAW.

ABSENT A CONSTITUTIONAL DEFECT. AND YOU KNOW, SO REALLY QUICK.

SO AS IT APPLIES TO US RIGHT HERE, BECAUSE NO BOND ELECTION HAS BEEN CALLED, WE CAN, IN WHATEVER CAPACITY, GOOD OR BAD, SAY WE LIKE, DON'T LIKE, THINK THIS IS GREAT, THINK THIS IS, YOU KNOW, ISSUES FOR US BECAUSE OUR CAPACITY IS PROBABLY PRETTY WELL DONE BEFORE ELECTION IS. THAT'S RIGHT. FAIR STATEMENT.

THAT IS A FAIR STATEMENT. IT'S THE ONE THING I CAUTION AGAINST IS USING CITY RESOURCES AND PUTTING THINGS IN WRITING THAT COULD BE. AFTER THE ELECTION IS CALLED. IT'S STILL THERE IN WRITING, AND YOU JUST WORRY ABOUT PEOPLE. SOMEBODY FILING A COMPLAINT AND SAYING, I DIDN'T KNOW AND THIS IS OUT THERE.

THEY SHOULD HAVE TAKEN IT DOWN OR SO. I MEAN, I ALWAYS ADVISE THAT VERBAL IS THE IS THE SAFEST WAY TO GO PRE-ELECTION.

BUT YEAH, BUT Y'ALL, BECAUSE THERE'S NO ELECTION AT THIS POINT, THERE'S NO, YOU KNOW, REALLY REAL RESTRICTIONS ON BECAUSE, BECAUSE THAT'S YOUR JOB. I MEAN, ONE OF THE KEY WORDS THAT THEY THE ETHICS COMMISSION FOCUSES ON IS NEEDS.

LIKE THE CITY NEEDS THIS, THIS IS WE NEED THIS IN ORDER TO GET THIS.

AND THAT'S Y'ALL'S JOB. HE ALWAYS TRYING TO DETERMINE WHAT THE CITY NEEDS.

SO. THAT'S THAT'S LIKE, THAT'S YOUR CHARGE. THIS IS YOU NEED A, YOU NEED TO PRETTY BE PRETTY EMPHATIC OF WHAT Y'ALL'S DECISIONS ARE WITH REGARD TO THAT.

SO YEAH, I HAVE A BRIEF QUESTION ON THAT. JUST FOR EXAMPLE, SAY FOR PUBLIC INVOLVEMENT, WE DO SOME KIND OF FORM WITH A QR CODE TO GET INPUT FROM THE PUBLIC.

IS THAT FALLING UNDER THE, DOES THAT MESS ANYTHING UP WITH THE ELECTION BECAUSE THERE ARE POLLS OR IS THERE ANY.

NO, I THINK THAT'S I MEAN, THAT'S I THINK THAT'S A PROBABLY A GOOD THING TO DO BECAUSE YOU WANT TO GET PUBLIC THE PUBLIC'S INPUT ON WHAT WHAT THEY DO AND DON'T WANT THINGS THAT THEY MAY OR MAY NOT VOTE FOR.

SO YOU CAN GET AN IDEA OF WHAT TO PUT ON THE BALLOT AS LONG AS THE ELECTION IS NOT CALLED, THAT'S FINE. YES. YEAH. AND EVEN I MEAN, WELL, YEAH, I MEAN, YOU CAN ALWAYS TAKE THE, THE PUBLIC'S TEMPERATURE UP AS LONG AS YOU'RE NOT TELLING THEM VOTE. YES.

BASICALLY. BUT DURING THIS PROCESS FIGURING OUT WHAT THE CITIZENS WANT, I MEAN, THAT'S VERY IMPORTANT.

SO YOU KNOW WHAT TO, TO RECOMMEND TO THE CITY COUNCIL.

THANK YOU. SO YEAH, THIS IS JUST BACK TO THE YOU KNOW, FACTUAL THINGS, BUT THIS IS LIKE I SAID POST POST CALLING THE ELECTION.

AND IT, IT MAINLY APPLIES TO CITY COUNCIL MEMBERS AND IT WOULD ONLY APPLY TO YOU ALL IF YOU'RE ACTING IN YOUR OFFICIAL CAPACITY AFTER THE ELECTION'S CALLED TOO. SO SO POLITICAL ADVERTISING IS, YOU KNOW, ADVOCATING FOR A PARTICULAR OUTCOME AND ANY ANY MEDIUM WRITTEN VIDEO OR VERBAL. AND THEN ADVOCACY AND THIS IS THIS, I THINK COMES STRAIGHT FROM WHAT I, THE, THOSE GUIDELINES, BUT SO THIS WOULD BE ADVOCACY, BUT THIS WOULD BE APPLY TO Y'ALL ONLY IF YOU DO THIS AFTER THE ELECTION IS CALLED. SO. SO, YOU KNOW, SPENDING OF FUNDS, SAME THING. YOU DON'T WANT TO DO IT AFTER THE ELECTION'S CALLED.

[00:55:12]

IT SO THAT'S, THAT'S LIKE THE CONSEQUENCE REALLY.

AND THEN GOING THROUGH THE THINGS THAT, YOU KNOW, CAN BE USED TO VIOLATE THE POLITICAL ADVOCACY. YEAH. SO THESE REALLY, I MEAN, I WOULD READ THEM, BUT THEY DON'T REALLY APPLY TO Y'ALL. THESE, THESE BULLET POINTS. BECAUSE THIS MORE HAS TO DO WITH THE CITY AND CITY STAFF AND CITY COUNCIL MEMBERS.

SO CITY IS REQUIRED TO TRIAL, PROVIDE FACTUAL INFORMATION YOU KNOW, EXPLANATORY MATERIAL.

WHAT'S AT STAKE. AND, YOU KNOW, PROPOSED PROJECTS, VOTING TIMES, THINGS LIKE THAT, WHICH Y'ALL ARE, YOU KNOW, TRYING TO FIGURE OUT WHAT PROJECTS SHOULD BE PUT ON THERE.

AND THIS IS JUST Y'ALL CAN ON YOUR OWN TIME, DO WHATEVER YOU WANT, SAY WHATEVER YOU WANT.

LET'S SEE. SO SEE, THIS IS MORE GEARED TOWARDS THE CITY COUNCIL, BUT YOU CAN AUTHORIZE LET'S SEE URGENT.

THEY CANNOT DO THAT. I DON'T KNOW IF Y'ALL WANT ME TO GO THROUGH THIS PART OF IT OR NOT, JUST BECAUSE IF IT'S SPECIFIC TO THIS, THIS IS SPECIFIC TO CITY COUNCIL. I'LL LET YOU TELL THE CITY COUNCIL THAT ONE.

YEAH. YEAH, I THINK SO. AND THAT'S, THAT'S GOING TO BE ALL THESE.

SO AND THIS ISN'T A PACK OR ANYTHING. SO. THAT'S, I THINK THAT'S IT FOR ME.

MY MAIN THING IS JUST FOR US, WHILE IN OUR CAPACITY HERE, OBVIOUSLY WE NEED TO DO EVERYTHING ETHICALLY AND LEGALLY CORRECT, BUT THERE'S NOTHING THAT WE CAN SHARE OPINIONS WE CAN EVERYTHING AS WE'RE HERE.

SO WE, WE'RE ABLE TO SPEAK A LOT MORE FREELY THAN LOGAN CAN.

YES. YEAH. FOR SURE. YEAH. AND AT THIS POINT YOU CAN, I MEAN, AS WELL AS LONG AS, LIKE I SAID, I JUST DON'T RECOMMEND PUTTING THINGS IN WRITING FOR YOU, BUT YOU ALL HAVE MORE LEEWAY THAN CITY OFFICIALS.

ANY CONCERNS FROM ANYBODY ELSE HERE, THEN? WE'RE GOOD.

OKAY. THANK YOU VERY MUCH. OKAY, AT THIS TIME, WE WILL GO ON TO THE NEXT PORTION, WHICH WILL BE CANDIDATE PROJECTS.

AND SO AGAIN, SAME AS ALWAYS, IF YOU HAVE QUESTIONS, PLEASE INTERRUPT.

IF WE DON'T HAVE THE SPECIFIC ANSWER TO THOSE QUESTIONS, WE WILL JOT THOSE DOWN AND WE'LL BE ABLE TO GET THOSE TO YOU AT A FUTURE MEETING.

BUT THIS IS A LOT OF INFORMATION TO TAKE IN. SO AT ANY POINT, PLEASE FEEL FREE TO CHIME IN.

OKAY. ALL RIGHT, ALL RIGHT. SO CANDIDATE PROJECTS AT A GLANCE NEED KIND OF NEEDS OF THE CITY AT THIS POINT.

THEY'RE KIND OF SPLIT UP INTO FOUR MAIN CATEGORIES MAJOR ROADWAYS, NEIGHBORHOOD STREETS, PUBLIC SAFETY FACILITIES AND PARKS.

SO WE DO HAVE FIVE CORRIDOR RECONSTRUCTION PROJECTS OF MAJOR ROADS, ABOUT 20 STREET AND ALLEY RECONSTRUCTIONS AND REMODELS OF FIRE STATION ONE, FIRE STATION TWO, AND THE PUBLIC SAFETY POLICE BUILDING AND AS WELL IN THE PARK'S HERITAGE PARK IMPROVEMENTS. AND I SHOULD REPHRASE OLD HERITAGE PARK IMPROVEMENTS.

SO GETTING INTO THE MAJOR ROADS, WE DO HAVE SOME ESTIMATED COSTS ON THOSE FIVE MAJOR ROADWAYS.

FIRST BEING BLACKBURN AND INGRAM RECONSTRUCTION, WHICH LIMITS FROM MURPHY ROAD TO DEWITT ROAD, PLEASANT VALLEY ROAD MILES TO EXISTING BINS SOUTH OF PGBT SACHSE ROAD.

PHASE FOUR, WHICH IS COUNTRY CLUB TO CITY LIMITS, AND WILEY IN DALLAS COUNTY, ARE AS PARTICIPATING AS FUNDING PARTNERS.

SO THAT PORTION THERE THAT YOU SEE THAT 11.3 IS JUST OUR PORTION WOODBRIDGE PARKWAY, WHICH IS CREEK CROSSING TO SACHSE ROAD AND THEN A COUNTRY CLUB ROAD EXTENSION FROM WHICH IS SACHSE ROAD TO OUR, THE PUMP STATION PROPERTY LINE, WHICH IS CITY PROPERTY.

SO AT THIS POINT, WE'LL GO THROUGH EACH ONE OF THOSE JUST SHOWING SOME MAPS AND SOME DETAILS OF THOSE ROADS.

[01:00:04]

HE WILL COME UP JUST FOR ANY OTHER DETAILS AND OR CLARIFICATIONS THAT YOU MAY HAVE FOR HIM BECAUSE I ASSUMED THAT THERE WOULD BE THIS IS QUITE A BIT OF INFORMATION.

SO HE'S KIND OF THE LEADING EXPERT ON THAT. SO REAL QUICK, WE'LL GO THROUGH SOME OF THESE FIRST ONE, BLACKBURN, INGRAM. THERE ARE TWO OPTIONS THAT WERE KIND OF ESTIMATED HAD COST ESTIMATES FOR THE FIRST OPTION FOR BLACKBURN INGRAM IS A FOUR LANE DIVIDED WITH MEDIAN SIMILAR TO SACHSE ROAD AS YOU RIGHT OUTSIDE.

THIS DOES REQUIRE 15 RIGHT OF WAY AND 19 HOUSE ACQUISITIONS.

SO AS YOU CAN SEE ON THIS ROADWAY, THE YELLOW BEING THE PROPOSED RIGHT OF WAY THERE WITH THE RED BEING WHAT WOULD NEED TO BE ACQUIRED.

AND WE WILL GO FORWARD. I HAVE TWO SLIDES HERE THREE FOR EACH ONE BECAUSE IT IS JUST SO BIG.

BUT HERE IS THE FIRST SECTION OF THAT ROADWAY FROM THAT IS MURPHY MURPHY ROAD ALONG WITH THE THE SECOND PORTION ALL THE WAY TO DEWITT.

LET ME ASK A QUESTION. JUST GOING INTO THIS TONIGHT IS MORE FOR UNDERSTANDING EVERYTHING.

AND WHEN WE COME BACK, IT'S MORE LET'S DISCUSS WHO'S GOT QUESTION CONCERNS OR IS.

IF YOU TELL ME WHAT. IF YOU HAVE QUESTIONS AND CONCERNS. WE ARE HERE AS STAFF TO NOTE THOSE DOWN NOW SO WE CAN GET THOSE ADDRESSED AS AS QUICKLY AS POSSIBLE.

OKAY. WE WANT TO PROVIDE AS MUCH CLARITY AS POSSIBLE TO, TO YOU, YOU ALL, AS YOU HAVE DECISIONS TO MAKE AND BE ABLE TO MAKE THOSE PROPOSITIONS IN THE FUTURE. SO NO, WE WOULD PREFER THAT YOU WOULD HAVE THOSE QUESTIONS.

NOW, IF YOU DO HAVE QUESTIONS LATER, THAT IS COMPLETELY FINE AS WELL.

OKAY. ALL RIGHT. THANK YOU. JUST WANT TO MAKE SURE WE'RE OKAY. YEP. WE UNDERSTAND THAT IT'S A LOT OF INFORMATION.

SO YEAH, WE WE'RE DOING IT. WE'LL DO OUR BEST TO KNOW EVERYTHING DOWN.

OKAY. SECOND OPTION FOR BLACKBURN. INGRAM AGAIN.

FOUR LANE DIVIDED WITH MEDIAN. THIS WOULD REQUIRE 46 RIGHT OF WAY AND 11 HOUSE ACQUISITIONS.

AND IT ALSO REQUIRES REBUILDING THE SCREENING WALLS ON THE NORTH SIDE. SO THIS OPTION WOULD JUST BE MOVING THAT ROAD UP ON THE NORTH SIDE ALONG WITH ALSO A THIRD STREET REALIGNMENT. AND HERE ARE CLOSE UPS OF BOTH OF THOSE.

SO I GOT A QUICK QUESTION. THERE'S THAT PROPERTY.

CAN YOU GO TO THE SLIDE TO YOUR IMAGE A LITTLE BIT.

THIS ONE RIGHT HERE WHERE THAT ROAD FROM THE SOUTH IS COMING UP AND TYING IN HERE OR PAGE BOTTOM.

THAT ROAD WAS JUST FINISHED AND THEY JUST MOVED IN.

CORRECT. OH YEAH, I SAW THAT THAT WAS KIND OF TOUGH THINKING THE SAME THING WHEN I SAW IT.

THE, THE OTHER ONES THAT I WOULD BE HIGHLY CONCERNED ABOUT IS THERE WERE, I THINK, 2 OR 3 HOUSES THAT WERE JUST BUILT WITHIN THE PAST 3 OR 4 YEARS ALONG THEIR FRONTAGE IS ONE THING. TAKING THE WHOLE LOT IS ANOTHER THING.

CORRECT. DO WE KNOW AS FAR AS THE THE ACQUISITION OF THOSE PROPERTIES IS THAT PROPERTY VALUE THAT WE'RE INDICATING ON THAT? IS THAT TO CURRENT VALUES? SO AGAIN, WE'D HAVE TO GO THROUGH THE APPRAISAL PROCESS FOR ALL THOSE PARCELS.

BUT AGAIN OPTION ONE. YEAH. YOU'D HAVE TO BUY 19 HOMES AND THAT $38 MILLION.

IT GIVES THAT OPTION ONE. THAT IS THAT ESTIMATE IS INCLUDED IN THAT PART OF THE $38 MILLION IS BUYING 19 HOMES AND RIGHT OF WAYS AND EVERYTHING ELSE.

RIGHT. IS THAT OKAY? DOES THE CITY HAVE REQUIREMENTS AS FAR AS PURCHASING THESE HOMES? LIKE, DO YOU DO YOU HAVE A SET GUIDELINE FOR HOW YOU HOW YOU PURCHASE EVERYTHING.

YOU FIXED WAY TO DO EVERYTHING? YES. WE FOLLOW A TEXTILE POLICY BASICALLY FOR PROPERTY ACQUISITION.

AND SO WE'LL DO AN APPRAISAL. WE'LL MEET WITH PROPERTY OWNERS.

AND IF THEY SAY, OH, I WANT 500,000, IT'S REALLY APPRAISED FOR 300.

WE'LL HAVE TO NEGOTIATE THROUGH THAT. IF WE OFFER THEM MARKET VALUE AND THEY AGREE TO IT, THEN THAT'S THEN THAT ACQUISITION IS DONE.

RIGHT? SO WE HAVE TO FOLLOW. WE GENERALLY FOLLOW TEX DOT MODEL FOR THAT.

FOR JUST FOR EXAMPLE, ON THE ACTUAL ROAD COST IS ROUGHLY $30 MILLION FOR SORRY, I CAN'T READ THAT.

IS THAT RIGHT? GET YOUR GLASSES OUT. YEAH. SO THE ACTUAL ROAD COST FOR OPTION ONE IS $30 MILLION.

IT'S $8 MILLION. THERE'S ALMOST $11 MILLION IN RIGHT OF WAY ACQUISITION.

SORRY, 20 MILLION FOR FOR FOR THE ROAD, 11 MILLION FOR RIGHT OF WAY ACQUISITION.

SO JUST FOR IT'S BASICALLY HALF THE PRICE OF BUYING THOSE PROPERTIES FOR OPTION ONE, JUST FOR SCALE? YEAH. IS MERCY. I SAW THE ONE THAT TRAVIS

[01:05:08]

BUT BUT WHAT'S THE RIGHT OF WAY AND WHAT'S THE HOUSING BUILD COST? BECAUSE WE'RE SO THAT'S NO RIGHT OF WAY ACQUISITION.

THERE MAY BE A FEW PARCELS OF RIGHT OF WAY TO GET, BUT THAT DOES NOT PURCHASE ANY HOMES AND TRY TO BUILD IT WITHIN THE EXISTING RIGHT OF WAY.

BUT THAT DOESN'T ADD LANES. IT'S BASICALLY RECONSTRUCTING THE EXISTING TWO LANE ROAD.

WELL, BUT THAT BECOMES PART OF THE DISCUSSION, I THINK, IS TO SAY, WAIT A MINUTE, BECAUSE I DRIVE THAT ROAD EVERY DAY.

SO WHEN YOU SAY, WHAT'S THE TRAFFIC LIKE? I'M ON IT EVERY DAY.

YEAH. AND PART OF ME SAYS, IF IF I'M ONE OF THE PEOPLE THAT LIVE RIGHT THERE THEY ALREADY THEY DEAL WITH THE TRAFFIC.

I THINK THAT'S SOMETHING WE HAVE TO CONSIDER THAT WE'RE NOT GOING TO WIDEN IT, BUT WE'RE GOING TO MAKE IT CONCRETE SO THAT WE'RE NOT RE ASPHALTING IT EVERY SO.

YEAH. SO THE QUESTION FOR YOU ALL AND COUNCIL IS, DO YOU WANT TO SPEND $20 MILLION TO NOT IMPROVE THE CAPACITY OF THE ROAD JUST TO RECONSTRUCT IT? YEAH. YEAH. THAT IS. YEAH. YEAH.

DOESN'T FIX THE PROBLEM. IT JUST FILLS THE POTHOLES. SO I MEAN, I PERSONALLY DON'T THINK THE TRAFFIC I MEAN, THERE'S ALWAYS TRAFFIC ON THAT ROAD, BUT IT'S SUCH A SHORT STRETCH.

AND THAT'S A LOT OF THIS BUDGET TO GO TOWARDS SUCH A SHORT STRETCH OF ROAD.

THIS IS WHAT WE TALKED ABOUT IN 2021. I REMEMBER IT.

YES I DO. IT'S A VERY BUSY ROAD AS WELL. I MEAN, A LOT OF PEOPLE USE THAT AS A CONNECTION TO MURPHY AND TO GET OUT TO RICHARDSON DALLAS.

SO LIKE HE SAYS, ANYTIME I HAVE TO GO TO DALLAS IN THE MORNING, I'M LITERALLY IT'S.

BUT THEN ALSO, THEY JUST BUILT THAT HOUSE. I CONSTRUCTED THAT HOUSE.

WELL, TALK TO ME A LITTLE ABOUT BECAUSE THAT'S SOMETHING WE'RE GONNA HAVE TO DISCUSS A LITTLE BIT MORE AND MAYBE EVEN MORE IN DEPTH AT OUR NEXT MEETING. BUT HELP ME UNDERSTAND, WHEN YOU START TO TALK, YOU MIGHT HAVE TO GO.

GO BACK TO OPTION ONE FOR JUST A MINUTE, JUST SO I MAKE SURE I UNDERSTAND THE OPTION ONE DOES NOT REQUIRE PRIVACY WALLS BE CHANGED.

ON ONE SIDE, I RECOGNIZE WE GOT TO GET RIGHT AWAY.

SO OPTION ONE. OPTION TWO BASICALLY CENTERS THE ROAD MORE IN THE EXISTING ALIGNMENT.

SO YOU'D HAVE TO GET RIGHT OF WAY ON BOTH SIDES.

OKAY. BUT IT'S NOT AS WIDE A MEETING IN THE MIDDLE.

IS THAT, IS THAT WHAT IT'LL BE THE SAME AS OPTION MEETING.

OKAY. BUT OPTION ONE, YOU BASICALLY KEEP THE NORTH PROPERTY LINE WHERE IT IS AND YOU SHIFT IT TO THE SOUTH, BECAUSE YOU'RE ALREADY GOING TO TAKE ALL THOSE HOUSES. YOU'RE GOING TO HAVE TO TAKE THE HOUSES ANYWAY. ALL RIGHT. MERCY.

WHY DO YOU NEED TO ACQUIRE THE FULL LOT ON THESE? ON THE. WHAT IS THAT? THE. THE EAST SIDE. WHAT? WHAT IS THAT ON THE SOUTH SIDE THAT YOU'RE TALKING ABOUT? SOUTH. SOUTHEAST SIDE. IT'S BECAUSE THE THE THE RIGHT OF WAY TAKE IS ALREADY THROUGH THE BUILDING.

SO PROBABLY WE CAN DO THIS FOR NEXT TIME BECAUSE WE CAN DO THE GOOGLE MAP TOUR.

WHEN YOU GUYS DRIVE IT, YOU'LL NOTICE THAT THOSE FRONT DRIVEWAYS ON THOSE FIRST 15 HOUSES OR WHATEVER ARE LIKE 40 FOOT FROM THE EDGE OF THE ROAD.

AND SO YOU'RE BASICALLY MAKING THOSE HOUSES UNLIVABLE.

I MEAN, LIKE, YOU CAN'T PARK IN YOUR DRIVEWAY.

AND SO YOU HAVE TO BASICALLY BUY THE FULL LOT. CAN WE JUST SAY THAT'S THEIR PROBLEM? I'M KIDDING, I'M KIDDING. NO, I WAS CURIOUS THOUGH. WHY ARE WE BUYING THE FULL LOT ON? I MEAN, I DON'T KNOW. IT'S BECAUSE YOU CAN'T YOU YOU COULDN'T UTILIZE THE HOUSE FULLY.

IS THAT. NO, I UNDERSTAND THAT. BUT WHY AREN'T WE DOING THAT ON ALL OF THEM IN THAT? BECAUSE THOSE ARE THE ONLY ONES THAT ARE IMPACTED BY THE RIGHT OF WAY.

SO THESE OTHER HOUSES WILL HAVE THE ROAD RIGHT OUT THE FRONT PORCH.

YEAH. THE LOTS ON THE ON THE WESTERN SIDE ARE MUCH LARGER.

LOTS THAT ARE MUCH FARTHER OFF THE ROAD. RIGHT.

OKAY. IS THE, IS THE ANALYSIS THAT WAS DONE. DETERMINING THE RIGHT OF WAY TAKE WAS THAT TO IMPACT THE, THE FEWEST NUMBER OF LOTS POSSIBLE? IS THAT THAT KIND OF THE THOUGHT PROCESS THERE? SO IT'S A MATH PROBLEM, RIGHT? WE'RE TRYING TO PUT 412 FOOT LANES IN A MEDIAN IN THERE, RIGHT.

AND SO THAT'S GOING TO TAKE IT FROM SOME SIDE. RIGHT.

BUT THE QUESTION IS SO THE MEDIANS ARE ON ONE SIDE ON ONE AND ALL ON THE OTHER, YOU KNOW, TYPE OF DEAL. SO AGAIN, THIS IS ALL HIGH LEVEL STUFF.

I HAVE NOT DONE ANY DESIGN YET, BUT JUST FOR SCOPE AND MAGNITUDE, THOSE ARE KIND OF THE TWO CONSIDERATIONS WE'RE LOOKING AT IS DO YOU WANT TO BECAUSE TAKING IT ALL FROM THE NORTH SIDE DOESN'T GET YOU ANYTHING MORE BECAUSE NOW YOU'RE TALKING ABOUT BUYING THOSE PROPERTIES ON THAT SIDE BECAUSE YOU DON'T HAVE ENOUGH SPACE EITHER WAY. IT'S A TIGHT FIT BECAUSE ON THAT NORTH SIDE, AS YOU GET CLOSER TO DEWITT, YOU DON'T HAVE THIS.

YOU REALLY DON'T EVEN HAVE THE SPACE, THE ABILITY TO DO IT. SO IT HAS TO COME TO THAT SOUTH SIDE. CORRECT? YES, SIR. ALL RIGHT. ALL RIGHT.

OKAY. SO I GUESS WE UNDERSTAND. WE UNDERSTAND.

[01:10:02]

SAY, OKAY, WHAT DO WE THINK? AND I TO ME, IT SEEMS LIKE PART OF THE QUESTION IS, AND COUNCIL IS GOING TO HAVE TO DECIDE THIS OR KIND OF WHAT YOUR IDEA OF THE POLLS TO SAY, BECAUSE FRANKLY, I DON'T CARE IF YOU WIDEN THE ROAD, JUST FIX IT.

BUT THAT'S BUT THAT'S MY OWN PERSONAL THING BECAUSE I CAN MAKE IT THROUGH THE LIGHT AT DEWITT AT 530.

I MIGHT HAVE TO WAIT ONE, MAYBE TWO CYCLES. I'M ON MAJOR STREETS IN DALLAS, WHERE I MIGHT HAVE TO WAIT 3 OR 4 TO GET THROUGH SOME OF THOSE LIGHTS.

1 OR 2. WHO CARES? ALL FOR THE SAKE OF TRYING TO KEEP PEOPLE'S HOUSES OR CUT THE COST BECAUSE IT IS $20 MILLION.

BUT THE OTHER ONE IS 38. SO THAT'S I THINK THAT'S PART OF WHAT I GUESS WE THINK ABOUT THAT.

BUT THEN THE ONLY THING IS 5 OR 6 YEARS FROM NOW, WOULD WE BE DISCUSSING THE SAME THING? YOU STILL NEED TO WIDEN THOSE ROADS AND NOW YOU SPEND $20 MILLION.

SO GO BACK. SO AGAIN, WE'RE ONLY THIS IS THE FIRST ONE, RIGHT? SO YOU GO BACK TO CHRIS'S SLIDE. I HAVE $55 MILLION.

RIGHT. YOU WANT TO SPEND. SO THIS IS WHAT YOU GUYS WILL HAVE TO GET SOME EXTRAS IN YOUR POCKET.

COME ON. NO DIGGING YOUR COUCH CUSHIONS. BUT THAT'S PART OF THIS DISCUSSION, RIGHT? IT'S LIKE YOU CAN UNDERSTAND WHAT THE PROJECT ENTAILS, RIGHT? WHAT THE COST AND THE MAGNITUDE IS. AND WE GOT SIX MORE TO GO SO WELL FOR CAN MOVE INTO THE NEXT ONE.

WE KNOW ONE QUESTION, ONE QUESTION. GO AHEAD TRAVIS GO AHEAD.

GO BACK TO THIS ONE RIGHT HERE. SO THE NEW HOUSE THAT WAS JUST BUILT.

OKAY. CAN WE TAKE THAT ROAD AND ALIGN IT TO THE ROAD THAT'S TO THE EAST OF THAT.

AND THEN MAKE THAT CURVE TAKE PART OF THIS OTHER PROPERTY THAT HAS NOT BEEN DEVELOPED YET.

YEAH, WE HAVEN'T GOT THAT FAR, BUT THAT THE CURRENT ALIGNMENT IS SHOWN IN BLUE THAT MEETS OUR DESIGN STANDARDS.

WE'D HAVE TO LOOK AT SOMETHING TO SEE IF WE COULD, IF WE COULD ACCOMMODATE SOMETHING DIFFERENT.

BUT DO YOU THINK BY THE NEXT MEETING YOU WOULD HAVE A MORE DEVELOPED SITE PLAN FOR ALL OF THESE? NO, NO. SO THIS IS AGAIN HIGH LEVEL UNTIL WE START DOING THE ACTUAL HARD WORK ON IT.

BUT JUST, JUST SO YOU CAN UNDERSTAND LIKE THE MAGNITUDE AND THE SCOPE OF WHAT WE'RE, WHAT, WHAT THAT DESIGN IMPACTS ON EVERYBODY IN THAT NEIGHBORHOOD. RIGHT.

AND ACTUALLY, I DO HAVE A LAST QUESTION. THE THIRD STREET DEVIATION.

WHY ISN'T IT TECHNICALLY ALIGNING WITH THE STREET OPPOSITE VERSUS.

BECAUSE IT'S THE TURNING RADIUS IS THE CURRENT CONFIGURATION DOESN'T MEET OUR STANDARDS.

AND SO WE TRY TO MAKE, BECAUSE IF YOU'VE USED IT, YOU CAN'T TO MAKE A LEFT TURN, YOU'RE LOOKING BACK OVER JUST THE ALIGNMENT DOESN'T WORK VERY WELL. SO WE'RE TRYING TO MAKE IT SAFER. OKAY.

CAN YOU DROP THE SPEED ON THAT SECTION OF THAT ROAD AND SHORTEN UP THAT CURVE? WE HAVEN'T GOT THAT FAR. BUT YEAH, WE'LL LOOK AT ALL THAT STUFF. OKAY. OKAY. GIVE ME $30 MILLION.

I'LL FIGURE IT OUT. I'VE GOT A TICKET ON THAT ROAD. NOT THE ANSWER, CORY.

ALL RIGHT, LET'S GO TO THE NEXT ONE HERE FOR A MINUTE SO WE DON'T GET OURSELVES. OKAY, SO NEXT PROJECT COUNTRY CLUB DRIVE, EXTENSION 3.2 MILLION. COST ESTIMATE. IT IS 700 LINEAR FEET OF PAVING FROM SACHSE ROAD.

INTERSECTION WITHIN CITY RIGHT OF WAY. AND BE ADDING NEW WATER LINE AND ADDING NEW DRAINAGE.

SO SOMETHING TO NOTE ON THIS. I'LL GO TO THIS NEXT SLIDE.

YOU CAN SEE THE PROPERTY. YOU CAN SEE THOSE TWO TANKS JUST SOUTH OF THERE OF SACHSE ROAD.

THAT IS THE CITY PROPERTY WHERE OUR ANIMAL SHELTER IS AND OUR NEW SERVICE CENTER THAT IS BEING BUILT AT THE MOMENT, AS YOU CAN SEE, COUNTRY CLUB DRIVE BELOW. SO THIS PROJECT GOING BACK TO THE SLIDE WOULD ONLY BE THE 700FT THAT IS ON CITY PROPERTY.

DOES THAT MAKE SENSE? SO THE IDEA THERE IS, IS THIS BIG PIECE OF PROPERTY THAT'S HERE IN THE MIDDLE IS CURRENTLY IN A ZONING PROCESS. TO DO A REZONING AND IS CURRENTLY IN THE APPLICATION PROCESS RIGHT NOW TO BE DEVELOPED.

SO IF WHEN THAT PROPERTY IS DEVELOPED, THE DEVELOPER WOULD HAVE TO PUT IN THEIR EXTENSION FROM WHERE THE CITY PROPERTY WOULD BE AT ALL THE WAY TO COUNTRY CLUB DRIVE. SO THE PROPERTY OWNER, THE PROPERTY FOR THOSE TWO PARCELS, THEY'RE REQUIRED TO HAVE TWO POINTS OF ACCESS. CURRENTLY THEY DON'T HAVE THAT.

CORRECT. AND SO THIS PROJECT WOULD PROVIDE THEM THAT SECOND POINT OF ACCESS.

ARE THEY TRYING TO DEVELOP HOMES ON THAT LAND. IS THAT IS THAT WHAT THEY'RE.

IT'D BE SIMILAR TO THE PHASE ONE ESTATES OF PLEASANT VALLEY.

WELL, I DON'T KNOW WHAT THE ZONING APPLICATION YEAH, IT'S STILL IN ZONING PERMIT APPLICATION.

SO WE DON'T HAVE THE EXACT PROJECT AT THIS POINT BECAUSE IT'S STILL IN ZONING.

BUT WE HAVE TALKED WITH THERE HAVE BEEN SEVERAL PEOPLE THAT HAVE SENT IN APPLICATIONS.

AND THAT'S THE DESIRE. BUT IT'S A LARGE LOT. SO THE THE IDEA HERE IS WE END UP CONNECTING THE TWO.

WE PUT THAT IN. THEY PUT THEIR ROAD ALL THE WAY THROUGH THAT PIECE OF PROPERTY AND THEY TIE IT INTO COUNTRY CLUB DOWN BELOW IT.

[01:15:06]

OKAY. SO I GUESS I GUESS THE QUESTION I HAVE IS WHY ARE WE NOT REQUIRING THEM TO DO THAT ALL THE WAY THROUGH TO SACHSE ROAD INSTEAD OF US DOING IT COULD.

YEAH. I MEAN, DON'T GET ME WRONG, IT LIMITS. IT LIMITS WHO'S GOING TO DO IT.

BUT THAT'S TO SOME DEGREE, IT'S NOT MY PROBLEM.

IT'S THEIRS. SO THAT'S PART THAT'S PART OF THE DECISION.

THAT'S ALL FOR DISCUSSION. YES. RIGHT. CORRECT.

COULD YOU TECHNICALLY JUST GO THROUGH ON THE CITY PROPERTY AND JUST DEDICATE THAT AS RIGHT OF WAY SO THAT THEY'RE FORCED TO, TO, YOU KNOW, CONNECT THE TWO PIECES? YEAH, WE COULD DEDICATE THAT WAY.

THE COST THEN ENDS UP ON THE DEVELOPER AND NOT ON THE CITY AT ALL.

ALL YOU'RE DOING IS DOING A, A PROPERTY CHANGE.

YEAH. YEAH. WE, I THINK WE WOULD DO THAT. IF THEY'RE WILLING TO BUILD IT, I WOULD GIVE THEM THE LAND IF THEY WERE IF THEY IF THE DEVELOPER WAS WILLING TO DO SO.

YES. OKAY. SO AGAIN, BUT THIS, THIS ONE'S PRETTY STRAIGHTFORWARD.

IT'S JUST, HEY, THIS IS WHAT WE WHAT THE PROPOSAL IS, THIS IS WHAT THE COST IS.

IT'S PRETTY THAT'S A TWO LANE ROAD. YES, I BELIEVE SO.

YES. TWO LANE UNDIVIDED, TWO LANE UNDIVIDED. IT WOULD NOT BE.

IT WOULD JUST BE A NORMAL COLLECTOR STREET. OKAY.

RIGHT. OKAY. ANY OTHER QUESTIONS ON THIS ONE? THAT ONE WAS EASIER. YOU COULD HAVE LED WITH THAT.

SO THIS IS JUST A YES OR NO, RIGHT? OKAY. OKAY.

SO I'M AT 40 MILLION RIGHT NOW, RIGHT. SO OKAY.

ALL RIGHT. NEXT PROJECT PLEASANT VALLEY. THIS IS SOUTH OF PG B T THIS IS 5300 OF LINEAR FEET OF PAVING FROM MILES ROAD TO MERRITT ROAD WITH A CONNECTION TO PG B T FRONTAGE ALONG WITH A ROUNDABOUT. IT WOULD BE INCLUDING NEW WATER, SANITARY SEWER LINES, DRAINAGE, SIDEWALKS AND RIGHT OF WAY ACQUISITION WOULD BE NEEDED ON THIS AS WELL.

ANY QUESTIONS ON THIS PROJECT. SO I COULD A LITTLE BIT ON THIS ONE.

SO IF YOU'VE NOTICED THE SL SIX JUST CAME IN THE BIG BOX RETAIL OR BIG BOX INDUSTRIAL AND INDUSTRIAL PROPERTY.

WE HAVE, I GUESS EVOLVE STILL THERE. THERE'S ALSO SOME TALK ABOUT OTHER THOSE PROPERTIES DEVELOPING IN AN INDUSTRIAL NATURE.

AND SO THIS WOULD HELP WITH THE TRUCK TRAFFIC AND THAT TYPE OF STUFF FOR THE COMMERCIAL INDUSTRIAL DEVELOPMENT.

HOW CLOSE TO THE CITY CITY LIMITS IS THAT THAT? YEAH. THANK YOU. YEAH. IT'S ON THE IT'S WITH THAT LONG, THAT LONG KIND OF TRIANGLE PIECE.

THAT'S THE CITY OF GARLAND EASEMENTS. THAT'S THE PROPERTY LINE. THAT'S THE CITY LIMITS. WAIT, WHERE? WHERE ARE YOU SAYING THIS? RIGHT HERE. OKAY. USE THE.

HE'S USING THE. THAT'S THE THIS IS THE. THANK YOU.

THAT'S THE THAT'S THAT'S THE SACHSE CITY LIMIT RIGHT THERE.

THAT YOUR THAT LINE YOU'RE GOING TO CROSS. OKAY.

YOU'RE ALMOST HELPING GARLAND MORE THAN YOU'RE REALLY HELPING CITY OF SACHSE.

OKAY. AS FAR AS A TIMELINE FOR FUTURE DEVELOPMENT AGAIN, I DON'T, I DON'T KNOW AT THIS POINT, BUT AGAIN, TRYING TO BE A LITTLE INDUSTRIAL COMPLEX RIGHT NOW. SO WE KNOW THE ONE INDUSTRIAL ONES, THEIR SPECS IS ALREADY THERE. AGAIN, WE'VE HAD SOME OTHER PRE-DEVELOPMENT MEETINGS WITH THOSE WITH THOSE PROPERTY OWNERS. AND SO AGAIN, JUST TRYING TO BE PROACTIVE AND GET IN FRONT OF THE OKAY IN ALL OF THIS IS ZONED COMMERCIALLY. IT'S GEORGE, PRESIDENT GEORGE BUSH SOMETHING, SORRY, THERE'S A ZONING DISTRICT.

AN OVERLAY DISTRICT FOR THAT. I CAN'T THINK OF WHAT THE CORRECT TERM IS, BUT I DO BELIEVE THAT IT IS COMMERCIALLY ZONED.

OKAY. THANK YOU. AND OBVIOUSLY WE DON'T OWN THE LAND ON THIS.

THAT'S WHY THE RIGHT OF WAY ACQUISITIONS ARE NEEDED THERE ON THE FAR RIGHT SIDE OF THIS PICTURE TO SAY, HEY, WE GOT TO WE'VE GOT TO BUY THAT TO PUT THAT THERE.

WE'D HAVE TO HAVE THAT DONATED OR DEDICATED TO US OR ACQUIRE IT.

AND THEN ALSO AT SOME POINT WE WOULD PUT A TRAFFIC SIGNAL AT HARMONY HILL, WHICH IS THE EASTERN CONNECTION THERE.

THAT'S THE STREET HERE ON THE FAR SIDE HERE. YEAH.

OKAY. THIS DOES NOT INCLUDE THE TRAFFIC SIGNAL.

THIS IS JUST FOR THE ROAD. THIS IS JUST THE ROAD. CORRECT. WHAT IS THE STATUS AND AND OF THAT THE BUILDING THAT'S OUT THERE, THE SHELL BUILDING THAT'S NOT FULLY PUT TOGETHER.

THAT'S A GOOD QUESTION. I DON'T KNOW. WE DON'T WE DON'T HAVE ONE.

THE LAST I'VE LAST. I'VE BEEN TOLD WE DON'T HAVE A STATUS.

THAT'S ABOUT ALL WE CAN SAY, BECAUSE ALL THIS REALLY WOULD DO IS TURN AROUND AND MAKE THAT A VIABLE PROJECT.

BUT THEY YOU COULD DO ALMOST ALL OF THIS WITHOUT EVEN DOING THE CONNECTION ACROSS THOSE, THOSE LAST THREE LOTS.

THE, WHAT'S THE, WHAT'S THE BENEFIT OF THIS ROAD, OF THIS PORTION OF IT? JUST HELP ME UNDERSTAND JUST FOR FUTURE DEVELOPMENT.

YEAH. IT WOULD SUPPORT THE FUTURE INDUSTRIAL, ALL EXISTING AND FUTURE INDUSTRIAL DEVELOPMENT.

OKAY. SO THIS IS KIND OF TO SOME DEGREE, IF YOU BUILD IT, THEY WILL COME.

KIND OF. YES. IT WOULD ATTRACT DEVELOPERS. OKAY.

BECAUSE RIGHT NOW THAT'S ONE OF THE THINGS THAT STOP THEM BECAUSE LIKE I GOT NO INGRESS EGRESS, I GOT NOTHING. SO FIND A WAY TO DO IT. AND IT'S A LOT MORE POTENTIAL THAN THE ROADS IN HORRIBLE SHAPE.

[01:20:04]

OKAY, SO YOU TALK ABOUT TRUCK TRAFFIC. WE HAVE THE ROUNDABOUT OVER HERE.

HOW LIKE, HOW DOES THAT WORK WITH TRUCKS? SO AGAIN, THAT'S MY MATH PROBLEM I HAVE TO FIGURE OUT.

BUT WE WOULD DESIGN IT CORRECTLY FOR FOR 18 WHEELERS.

OKAY, I SAY, BIGGER THAN THE ONE OUT HERE. THE THE ROAD THAT ALREADY EXISTS THERE, THAT'S ALL IN YELLOW AND A LITTLE BIT OF RED.

THAT'S IT. THIS IS. DID I SEE THIS IS WIDENING IT OR.

NO. I'M TRYING TO. ALL OF THIS. SO THE ROAD EXISTS.

THE ROAD. THIS IS THE EXISTING ROAD. IT STOPS HERE AND KEEPS GOING.

YES. RIGHT. WHAT IS BEING DONE WITH THAT ROAD AS PART OF THIS $19 MILLION? NOTHING THAT ROADS. GOOD. I'M SORRY. THE ONE YOU SAID THE ROAD THAT JUST ALREADY EXISTS.

IS THAT ONE BEING REDONE? YOU SAID IT ALREADY EXISTS.

OR WHAT AM I JUST. I'M SORRY. I'M DENSE ON THIS ONE.

CAN YOU NOT HEAR ME? SIR, THE EXISTING ROAD IS NOT IN GOOD CONDITION.

OKAY. YEAH, I DON'T DRIVE OVER THAT. THAT'S WRONG SIDE OF TOWN FOR ME, YOU KNOW? OKAY, SO THAT ROAD DOES NEED TO BE AT SOME POINT.

YES, SIR. OKAY. IT'S AT. IS IT ASPHALT? YEAH.

OH, OKAY. ALL RIGHT. THANK YOU. THAT. THAT I DID NOT KNOW.

OKAY. AND AGAIN, I THINK, YOU KNOW, CERTAINLY WE'LL GIVE YOU THE PRESENTATIONS TODAY, BUT CERTAINLY I WOULD ENCOURAGE ALL OF YOU TO JUST GO DRIVE THESE.

IF YOU HAVE QUESTIONS LIKE YOU SEE IT, YOU'RE LIKE, THAT'S WHAT'S ON THE LIST. OKAY.

ALL RIGHT. THAT I DID NOT REALIZE THAT THAT HELPS. THANK YOU. THAT WAY I CAN UNDERSTAND WHAT I'VE GOT. OKAY, ONE MORE QUESTION.

DOES THAT DO ANY IMPROVEMENTS FOR THE MEDIANS AND STUFF THAT'S ON MILES THAT ALLOWS THEM TO GET IN AND OUT OF THE THAT ROAD A LITTLE BIT EASIER.

SO THAT'S STILL CITY RIGHT OF WAY. SO WE WOULD WE WOULD TAKE CARE OF ALL THAT.

BUT IS THAT CAPTURED IN THE COST THAT WE'RE TALKING ABOUT ALREADY? OKAY. ALL RIGHT. OTHER QUESTIONS. WE GOOD. ANY OTHER.

ALL RIGHT. NEXT PROJECT IS SACHSE ROAD PHASE FOUR.

APPROXIMATELY 11.3 MILLION IS 1500 LINEAR FEET OF PAVING FROM COUNTRY CLUB DRIVE TO THE ENBRIDGE.

IT'S FOUR LANE DIVIDED WITH MEDIAN. IT'S A FULL BRIDGE CONSTRUCTION, WHICH WOULD INCLUDE SIDEWALK AND RAILING FOR THE BRIDGE.

NEW WATER AND SANITARY SEWER LINES. ADDING DRAINAGE WITHIN CITY RIGHT OF WAY.

AND THERE WOULD BE COORDINATION WITH THE CITY OF WYLIE ON THIS PROJECT.

SO WHEN WE DID OUR 2021 BOND, THEY DID NOT. WHY THEY DID NOT HAVE IT AS ONE OF THEIR PROJECTS.

THEN THEY ADDED IT. AND SO IT'S CURRENTLY ON THE WYLIE'S CURRENT BOND PACKAGE.

SO THE ONE THAT'S FOR ELECTION RIGHT NOW. CORRECT.

OR PREVIOUS. PREVIOUS AND THIS ONE. OKAY. CORRECT.

SO THEY'RE GOING TO BUILD OR THEY'D BE RESPONSIBLE FOR THEIR HALF.

WHICH IS LIKE WHAT'S $38 MILLION WHATEVER WE SAID IT WAS.

AND SO WE'RE OUR PORTION WOULD BE LIKE 11, 11.3 BECAUSE WE BUILD HALF THE BRIDGE, THEY BUILD HALF THE BRIDGE.

SO THAT HAS NOT BEEN DECIDED YET. SO WE WOULD EITHER, I THINK THIS IS WE'D HAVE TO TALK TO WYLIE ABOUT THAT, WHETHER WE JUST GIVE THEM THE MONEY AND THEY BUILD IT, OR THEY GIVE US THE MONEY AND WE BUILD IT, OR YOU CAN'T HAVE TWO OWNERS BASICALLY TRYING TO BUILD THAT BRIDGE, RIGHT? SO WE'D HAVE TO WORK OUT SOME KIND OF INTERLOCAL AGREEMENT WITH WHO OWNS THE LAND. WE BOTH DO.

BUT OH, WE BOTH DO, BECAUSE THAT'S THE CITY LIMITS IS THE CREEK IS MUDDY CREEK.

OH, IS DEAD CENTER ON THE BRIDGE. THAT'S AWESOME.

OH MY GOD. SO SO WE'RE IN ONE WAY. WHAT YOU'RE SAYING IS ONE CITY IS DEEDING PROPERTY TO ANOTHER CITY TO GET IT DONE.

OR IS NONE OF THAT. WE WOULD STILL KEEP OUR CITY LIMITS BOUNDARIES.

WE WOULD JUST LIKE AN INTERLOCAL AGREEMENT FOR THEM TO CONSTRUCT IT ON OUR BEHALF, OR VICE VERSA.

OKAY. AGAIN, THAT HAS NOT HAPPENED YET IN ANY FASHION, BUT THAT'S WHAT WE WOULD RECOMMEND.

SO IF THEIR BOND DOESN'T PASS, THEY HAVE A PORTION OF IT ALREADY FUNDED.

SO THIS IS FOR THE REMAINING PORTION OF THE OF THE ROAD CONSTRUCTION AND BRIDGE CONSTRUCTION.

AND THEY'RE WIDENING THEIR SIDE TO FOUR LANES.

AND THEN IF IF WE DON'T DO IT, IT GOES DOWN TO TWO HERE AND THEN WIDENS TO FOUR AT COUNTRY CLUB.

AND THEN THEY CAN PHASE. PHASE THREE IS WHAT WE CALL IT.

OKAY. WE STOP AT COUNTRY CLUB DRIVE ON OUR SIDE.

SO YOU'RE GOING TO HAVE A 1500 FOOT, TWO LANE SECTION, FOUR LANES ON EITHER SIDE OF THAT, BECAUSE PHASE THREE IS ALREADY APPROVED JUST HASN'T BEEN DONE.

WE'RE UNDER DESIGN RIGHT NOW, RIGHT? OKAY. AND THEN MORRIS WATER AND SANITARY SEWER LINES. JUST BECAUSE WE'VE GOT TO MOVE THEM, WE WOULD BE ABLE TO BUILD OUR PORTION OF THAT.

OKAY. SO IF THESE PROPERTY OWNERS TO THE SOUTH WERE DECIDED THEY WANTED TO DEVELOP THEIR PROPERTY, WOULD THEY BE PAYING FOR PART OF THIS AT THAT POINT? SO THAT BECOMES A PLANNING ISSUE. I BELIEVE THESE ARE ALREADY PLATTED LOTS.

[01:25:03]

DEPENDING DEPENDING ON WHAT THEY COME IN WITH WITH THE ZONING REQUIREMENTS. AGAIN, THAT'S MORE OF A LAND DEVELOPMENT QUESTION, BUT. OKAY.

OKAY. SO THEN THE QUESTION I WOULD ASK IS, IS SAY WE WENT THROUGH AND MOVE FORWARD WITH THIS HYPOTHETICALLY.

AND THEY TURN AROUND AND THEY SAID, OH, WE'RE GOING TO BUILD HERE. DO WE HAVE TO SPEND THAT MONEY THEN? YEAH. OKAY.

THAT'S 1500FT. HOW LONG WAS THE ONE BEFORE THIS? THE PROJECT THREE. ALMOST A MILE. OKAY. ALL RIGHT.

JUST. I'M JUST TRYING TO SCOPE. THANK YOU. OKAY. I CAN GET YOU THAT.

I DON'T HAVE IT WITH ME, BUT. OKAY. AND SO AGAIN, PHASE THREE WAS 8.7 MILLION, SOMETHING LIKE THAT.

BUT BUT NO BRIDGE AND NO RIGHT OF WAY. NO, NO, I'M SAYING THAT.

PROJECT THREE, THE ONE RIGHT BEFORE YOU GOT ME.

YEAH. THAT'S WHERE I WAS LIKE, THAT'S 5300FT.

THIS IS 1500. I USE COMPARISON. YEAH. YEAH. PLEASANTVILLE IS A MILE.

YEAH. OKAY. ANY OTHER QUESTIONS ON THIS ONE? ALL RIGHT.

WE HAVE WOODBRIDGE PARKWAY, WHICH IS CREEK CROSSING TO SACHSE ROAD, APPROXIMATELY 12.2 MILLION.

THIS IS 3700 LINEAR FEET OF PAVING FROM SACHSE ROAD TO CREEK CROSSING.

FULL RECONSTRUCTION OF EXISTING PAVEMENT, REPLACING 30% OF EXISTING SIDEWALK, NEW WATER, SANITARY SEWER LINES AND ADDING NEW DRAINAGE.

AS YOU CAN SEE, THE MAP THERE, THERE IS, I BELIEVE, THE ELEMENTARY SCHOOL.

IT'S SOUTH OF COX, WHICH IS CREEK CROSSING, AND THEN THAT WOULD GO ALL THE WAY TO SACHSE ROAD, ALL THE WAY TO SACHSE ROAD. SO I DO HAVE A QUESTION BECAUSE THIS IS ALREADY BEING WORKED ON NOW. SO WHAT'S LEFT OVER THAT YOU'RE ASKING FOR RIGHT? ADDITIONAL. THIS IS ALREADY BEING WORKED ON NOW.

SO NORTH HALF. YES. THE NORTH. OKAY. SO THIS WOULD BE FOR SO AND AGAIN FOR CLARIFICATION.

THE NORTH HALF NORTH OF CREEK CROSSING WHERE THIS PROJECT STOPS.

THAT'S THE ONLY. WE'RE ONLY DOING PANEL REPLACEMENT, THIS 12.2 MILLION WOULD BE FULL REMOVE AND REPLACE.

OKAY, SO IT WOULD BE FROM THE CREEK CROSSING TOWARDS TWO ROAD.

YEP. AND AGAIN, THIS IS ALL PART OF THE IN SEQUENCE WITH MERRITT ROAD COMING IN.

THAT INTERSECTION GETS REBUILT AT SACHSE ROAD AND MERRITT.

YEP. AND SO THIS IS ANOTHER PHASE OF THAT OR A CONTINUATION OF THAT.

OKAY. THE GOOD THING IS NO RIGHT OF WAY, NO UTILITY.

I DON'T SEE ANY RED. SO THAT'S THAT'S JUST THAT'S JUST A LONG WAYS.

I THINK THE COMMUNITY WOULD REVOLT IF THERE WAS NO CHANGE.

AND IT'S ONE OF OUR MOST HEAVILY TRAVELED STREETS, HONESTLY. RIGHT. AND SO THERE'S A TON OF PEOPLE THAT USE IT. SO IT'S BECOME VERY BUSY.

THAT'S MY COMMUNITY. AND YOU KNOW, WITHIN FIVE YEARS IT JUST BECOMES SO BUSY.

IS THIS NORMAL FOR THIS ROAD IN ITS AGE OR IS THERE BECAUSE WE HAVE DEVELOPMENT PROBLEMS ORIGINALLY WITH THE ROAD? I DON'T KNOW. I DON'T REMEMBER HOW OLD IT IS BECAUSE IT'S BEEN IT'S 20 PLUS YEARS I GUESS.

BUT IS THAT IS THAT NORMAL OR ARE WE ARE WE FIXING PROBLEMS? SO AGAIN, THE WOODBRIDGE DEVELOPMENT IS PROBABLY 20 TO 30 YEARS OLD.

AND SO IT'S BECOMING IT'S COMING TO THE END OF ITS LIFE, SO TO SPEAK.

OKAY. AND SO WE'RE KIND OF AT THAT POINT NOW, RIGHT.

THE OTHER PART IS IT DOESN'T MAKE SENSE TO HAVE A ROAD THAT WE FINALLY, YOU KNOW, FIXED AND GOTTEN THE RIGHT WAY, TURN AROUND AND DRIVE SOMETHING REALLY BAD. YEAH.

BECAUSE THAT LEADS RIGHT INTO THE REST OF IT.

YEAH. WELL, OKAY, I SEE THAT'S CHANEL'S PROBLEM.

SHE SAID THAT'S HER NEIGHBORHOOD. OKAY. ANY OTHER QUESTIONS ON THAT ONE? THAT ONE IS PRETTY STRAIGHTFORWARD. IT'S JUST I DO HAVE ONE QUESTION.

ARE WE GOING TO IS THERE SUPPOSED TO BE A LIGHT THAT'S SUPPOSED TO BE PUT OFF OF SACHSE ROAD RIGHT THERE? YEAH. SO WITH THE MERRITT ROAD PROJECT, WE'LL PUT A SIGNAL AT SACHSE ROAD, WOODBRIDGE AND MERRITT.

AND THEN BECAUSE OF THE AMOUNT OF TRAFFIC THAT GOES UP AND DOWN THAT ROAD, SPECIFICALLY, WHAT IS THE TIMELINE OF HOW LONG THAT CONSTRUCTION WOULD TAKE? IF WE DID SOMETHING, I HAVE NO IDEA. WE HAVEN'T GOT THAT FAR YET.

FAR AND WELL. AND SO AGAIN, WE TALKED, CHRIS TALKED A LITTLE BIT OR JASON TALKED A LITTLE BIT ABOUT THAT WITH THE 2021 BOND.

WE HAD A TEN YEAR WINDOW TO DO ALL THOSE PROJECTS.

RIGHT. COUNCIL DECIDED TO ACCELERATE THAT. AND SO WE TRY TO DO FIVE PROJECTS IN SIX YEARS.

RIGHT. AND SO AGAIN, DEPENDING ON WHEN WE CAN SEQUENCE IT AND WHEN WE ISSUE DEBT FOR THAT, THAT SEQUENCE CAN CHANGE. AND SO I DON'T HAVE AN ANSWER FOR THAT.

SO AGAIN, PROBABLY A YEAR OF DESIGN AND THEN PROBABLY SIX MONTHS, 12 TO 16 MONTHS, 18 MONTHS OF CONSTRUCTION, JUST BALLPARK. BUT I MEAN, IT'S NOT BAD RIGHT NOW.

I MEAN, THEY'RE DOING CREEK CROSSING TO 70, 78.

AND I MEAN, THEY CLOSE ONE REALLY BAD. THEY'RE FIXING RIGHT NOW, WHICH IS GREAT.

BUT THAT'S STILL IF THIS BECOMES A PROBLEM LIKE THE OTHER ONE WAS.

WELL, BUT WHAT I'M SAYING IS THEY'RE ALREADY DOING THE FIRST HALF AND THE TRAFFIC IS NOT AS BAD.

[01:30:06]

THE TRAFFIC'S NOT THAT BAD. WE TRIED TO SEQUENCE IT, SO THE SCHOOL TRAFFIC, THE SCHOOL AREA WAS DONE BEFORE SCHOOL STARTED AGAIN.

WE'LL WORK THROUGH ALL THOSE KIND OF DETAILS AS THE PROJECT IF THIS BECOMES A PROJECT. BUT ALTHOUGH IT DIDN'T QUITE GET FINISHED, BUT THE TRAFFIC'S NOT THAT BAD. BUT WITH IF YOU DO THIS, YOU CAN DO THIS PROJECT SIMULTANEOUSLY WITH SOME OF THE OTHER ROAD PROJECTS.

IT'S NOT THAT WE'RE HAVING TO SEQUENCE THIS AND THAT REGARD.

SO OKAY. ALL RIGHT. THERE IS THE ISSUE THAT YOU DON'T HAVE A LAY DOWN YARD THERE AT ALL TO BE ABLE TO DO STUFF.

IT'S YOU GOT TO BRING IT IN AND INSTALL IT AT THAT TIME.

SO THAT DRIVES THE PRICE UP A LOT. OKAY. I HAVEN'T THOUGHT OF THAT.

OKAY. ALL RIGHT. OTHER QUESTIONS ON THIS ONE.

OKAY. NEXT. NOW WE GET INTO THE NEXT PORTION, WHICH IS THE NEIGHBORHOOD STREETS.

AND SO I'LL ASK COREY TO JUST KIND OF GIVE A BRIEF EXPLANATION ON NEIGHBORHOOD PACKAGE.

SO SIMILAR TO 2021. AND SO I THINK AGAIN, JASON MENTIONED THIS AGAIN, THANK YOU FOR ALL MY T UP.

WE DIDN'T LIST SPECIFIC STREETS IN THE PROPOSITION FOR, FOR THAT, FOR THAT VERY REASON.

BECAUSE IF YOU, IF I SAY THIRD STREET AND THEN THE PROPOSITION FAILS, I CAN'T GO AND REBUILD THIRD STREET FOR THREE YEARS.

RIGHT. BUT IF I SAY NEIGHBORHOOD PACKAGES FOR $14 MILLION, I CAN FIX ANY STREET IN THE CITY UP TO $14 MILLION.

RIGHT. AND SO THIS LIST OF PROJECTS IS HOW WE GOT TO THAT NUMBER.

BUT YOU CAN ADD, SUBTRACT, WE CAN TAKE ALL THAT AWAY.

CAN YOU EXPLAIN THE DETAILS OF NEIGHBORHOOD? YEAH.

AND SO SIMILAR TO A LOT OF OUR OTHER ROAD PROJECTS, WE USE A PACER SCORE PACER EVALUATION.

AND WE CAN GET YOU A MAP OF ALL THAT. AND SO IT'S BASICALLY WORSE FIRST, RIGHT.

SO ALL THE THREES, FOURS AND FIVES, THOSE STREETS GET PUT ON THIS LIST FOR REPLACEMENT.

FIRST. STREETS THAT ARE ONES AND TWOS PROBABLY GET PUSHED AND JUST BECOME A MAINTENANCE PROJECT.

AND SO THAT'S WHY THESE STREETS HAVE BEEN IDENTIFIED BECAUSE THEY HAVE HIGHER PACER RATINGS, WHICH IS THREES AND FOURS. AND THAT MEANS MORE OF A FAILED CONDITION.

SO I HAVE SOME OF THAT IN MY CIP PRESENTATION FROM THE SUMMER.

YOU CAN SEE SOME OF THOSE EXAMPLES. BUT AND SO AGAIN THOSE ARE JUST SOME OF THE ESTIMATES WE CAME UP WITH FOR THE STREETS.

RIGHT. AND SO AGAIN, AS WE START GOING THROUGH THAT $55 MILLION, IF YOU SAY, WELL, WE HAVE 10 MILLION LEFT OVER, THEN I'LL TAKE THIS LIST AND MAKE IT MAKE IT FIT 10 MILLION, RIGHT? OKAY, SO I HAVE $60 MILLION WORTH OF STREET PROJECTS.

SO 60, YOU SAID, I DON'T KNOW, THERE'S $207 MILLION PROBABLY.

BUT THESE ARE THE, YOU KNOW, THE TOP 20 OR WHATEVER.

SO SO FOR THESE. GO AHEAD. THANK YOU. FOR THESE NEIGHBORHOOD STREETS PROJECTS.

DOES THIS INCLUDE NEW CURB AND SIDEWALK CURBS, SIDEWALKS.

AND AGAIN, IF NEEDED, WE WOULD DO UTILITIES. AND SO THE WAY WE WORD THE PROPOSITION, IT'S DRAINAGE, SIDEWALKS, UTILITIES AND STREET. I MEAN, IT'S EVERYTHING.

SO WHATEVER NEEDS TO GET FIXED, WE CAN GO FIX IT.

THANK YOU. HAVE THESE HAVE THESE KIND OF BEEN SUBMITTED BY RESIDENTS OR ARE THE THINGS THAT WE'VE IDENTIFIED.

SO YES BOTH. SO THESE ARE SOME THAT WE'VE IDENTIFIED AS THE LARGER PROJECT THAT WE CAN'T REALLY DO WITH OPERATION AND MAINTENANCE MONEY.

AND SO THE BEST WAY TO FUND SOME OF THESE LIKE THAT ONE, $1.4 MILLION TO FIX THAT IS TO ADD IT TO THE BOND PROPOSITION.

BUT YEAH, SOME OF THEM ARE FROM WORK ORDERS, SOME OF THEM FOR CITIZEN REQUESTS.

SOME OF THEM INCLUDE SIDEWALKS. SOME OF THEM INCLUDE SIDEWALKS AND ROADS.

IT'S KIND OF A COMBINATION OF ALL THAT STUFF THAT GOES INTO THIS KIND OF MATRIX THAT WE HAVE.

YEAH. MY CONCERN WITH THIS SPECIFIC STREETS IS I KNOW THERE ARE A LOT OF SUBMISSIONS ON SEECLICKFIX, AND THERE ARE TOO MANY FOR THE CITY TO BE ABLE TO MANAGE REALLY, YOU KNOW.

I MEAN, I KNOW MY STREET NEEDS WORK. MISSOURI STREET, BUT I THINK NAMING SPECIFIC STREETS WILL BE AN ISSUE WITH THE PUBLIC, I THINK. AND THAT'S THAT'S KIND OF THE WHOLE PART OF THIS PROCESS, RIGHT? IF SOMEBODY KNOWS ONE THAT WE HAVEN'T IDENTIFIED, TELL US.

WE'LL GO LOOK AT IT AND SEE HOW THAT FITS WITH OUR WITH OUR PASTRY CONDITIONS. RIGHT.

AND WE'LL HAVE TO KIND OF EVALUATE THAT. YEAH.

BUT IF SOMEBODY HAS SOMETHING LIKE, WHY IS IT MY STREET ON HERE. SEND IT TO US. WE'LL TAKE A LOOK AT IT. WE'LL PUT IT IN THE MATRIX AND SEE IF THAT FITS WITH WHAT WE'RE TRYING TO DO. WE'LL KIND OF COME UP WITH AN ESTIMATE AND SEE HOW THAT FITS IN WITH THAT.

WITH WHATEVER NUMBER WE DECIDE. I THINK IT WOULD BE RECEIVED BETTER IF IF THE SEECLICKFIX REQUESTS WERE HANDLED MORE FREQUENTLY. AND I KNOW, I KNOW WE DON'T HAVE THE FUNDING TO DO EVERYTHING.

LIKE I UNDERSTAND THAT, BUT I, I SEE A LOT OF FRUSTRATION FROM A LOT OF RESIDENTS AROUND THAT, INCLUDING MYSELF. YEAH. AND SO PART OF THAT, AGAIN, THIS IS ALL PART OF WHY THIS IS WHY THESE ARE ON THE BOND ELECTION.

I HAVE $250,000 FOR SIDEWALKS. ONCE THAT'S GONE.

THAT'S THAT'S IT FOR SIDEWALKS FOR THE YEAR, RIGHT? AND SO THAT'S WHY WE'VE INCLUDED THIS IS MORE OF A COMPLETE PROJECT.

[01:35:01]

AND SO THAT'S WHY THESE ARE KIND OF OUT OF THAT LIST.

BUT I DO WANT TO JUST CLARIFY. SO IN THE PROPOSITION LANGUAGE, IF YOU DID DECIDE TO PUT NEIGHBORHOOD STREETS IN THERE, WE, WE, YOU WOULDN'T NECESSARILY LIST OUT THE STREETS OF WHICH ONES.

THIS IS JUST A INFORMATION LIST OF BASED OFF OF THE PACER RATINGS OF THE WORST CANDIDATES THAT WE HAVE IN THE STREET.

AND SO ALSO EVERY EVERY YEAR THROUGH THE CIP PROCESS, WE GO TO COUNCIL WITH A SIMILAR LIST OF THIS.

AND THEY CAN ADD OR SUBTRACT FROM THAT LIST. AND SO THIS IS NOT A THIS IS NOT SET IN STONE, RIGHT. COUNCIL CAN CAN CHANGE OR ADD STREETS TO THIS LIST AT ANY TIME.

SO SO WILL THIS LIST BE PUBLICLY POSTED BEFORE THE ELECTION? SO NO. AND AGAIN, THIS IS UP TO YOU GUYS TO DECIDE IF YOU WANTED TO DO THE FULL 14.5 MILLION, GREAT. THEN WE WOULD GET WE WOULD KNOCK OUT WHATEVER IS WORST, RIGHT? IF YOU WANTED TO DO 8 MILLION, 5 MILLION, WHATEVER NUMBER YOU GUYS WANTED TO DO, WE WOULDN'T LIST NECESSARILY THOSE STREETS ON THE LANGUAGE OF THAT PROPOSITION.

IT WOULD BE MORE SO WHAT WE CAN GET DONE WITHIN THAT CAPACITY.

OKAY. DOES THAT MAKE SENSE? YES. THANK YOU. SO IT WOULD REALLY HELP TO TO BE ABLE TO ANSWER THE QUESTIONS ON SOMETHING LIKE THIS.

IF IT HAD THOSE RATINGS LIKE ALL THE FOURS, WE PUSHED THOSE TO THE TOP.

THEN WE START LOOKING AT THREES AND SAY, OKAY, THIS IS OUR CUT OFF LIMIT OR WHATEVER.

THAT WOULD HELP. YEAH. AND SO AGAIN, IF YOU GUYS WANT TO DIG ON THE WEBSITE, THERE'S AN INTERACTIVE GIS MAPS HAVE HAS THE PACER MAP ON THERE.

AND YOU CAN GO AND CLICK DOWN AND YOU CAN SEE ALL THAT STUFF. BUT CERTAINLY WE CAN, WE CAN MAKE A MAP AVAILABLE SOMEWHERE AND WE HAVE THAT INFORMATION.

I CAN MAKE A SLIDE IN THE NEXT PRESENTATION THAT KIND OF HAS THOSE, ALL THOSE, THOSE PACER RATINGS FOR THESE AND ALSO PROVIDE MAPS.

SO THAT WAY YOU GUYS COULD GO AND DRIVE THEM IF YOU'D LIKE, BECAUSE I HAVE A QUICK BREAKDOWN OF THAT.

BUT I DON'T KNOW THAT YOU KNOW WHAT A PACER RATING OF THREE MEANS, RIGHT? AND SO YOU KIND OF NEED TO SEE WHAT IT LOOKS LIKE AND SEE THE PICTURE. AND THEN THAT MAKES IT BECAUSE YOU'RE LIKE, WELL, YEAH, THAT ONE'S REALLY BAD.

THEN I SHOW YOU A DIFFERENT ONE. YOU'RE LIKE, OH, THAT ONE'S WORSE, RIGHT? AND SO, BUT WE HAVE, WE HAVE ALL THAT, WE HAVE ALL THAT INFORMATION.

YEAH, WE CAN PROVIDE THAT. WE'LL MAKE A MAP. AND THEN ALSO WITH WHAT THE RATING IS.

AND SO THAT WAY YOU GUYS CAN GO ON YOUR OWN TIME TO GO DRIVE THEM.

BUT AGAIN, IF YOU THINK THAT YOU SEE ONE THAT'S WORSE, LET US KNOW. WE'LL TAKE A LOOK AT IT.

ABSOLUTELY. ROADS ARE EXPENSIVE. GOODNESS GRACIOUS.

ALL RIGHT. OTHER QUESTIONS ON THIS ONE. ALL RIGHT.

COOL. WE CAN WE CAN HANDLE THAT. OKAY. NEXT ON THE LIST.

WRONG BUTTON. ALL RIGHT. NEXT IS WE'RE GOING TO PUBLIC SAFETY REMODELS.

SO AS I MENTIONED, WE HAVE FIRE STATION ONE, FIRE STATION TWO, AND THE PUBLIC SAFETY PD BUILDING.

FIRE STATION ONE IS LOCATED HERE ON THE CITY CAMPUS.

IT'S IN IT'S CONNECTED TO THAT PUBLIC SAFETY BUILDING.

IT IS 15,500FT². IT WAS CONSTRUCTED IN 2010. AS WE GOT ESTIMATES, THESE ARE VERY PRELIMINARY AS SAME THING AS KIND OF COREY'S WITH HIS.

WE DO NOT HAVE SET DESIGNS THAT HAVE BEEN DONE BECAUSE OF THE COST OF WHAT IT WOULD TAKE IN THE TIME.

RIGHT. SO THESE ARE ESTIMATES BASED OFF OF SQUARE FOOTAGE BASED OFF OF REMODELS THAT ARE HAPPENING WITHIN THE AREA.

RIGHT. SO THE, SOME OF THE REASONS THAT WE'RE HAVING ISSUES AND NEEDS AT FIRE STATION ONE BE HEATING TO PREVENT FROZEN SPRINKLER LINES, VENTILATED BUNKER GEAR STORAGE, INDIVIDUAL BUNK ROOMS, ADA RESTROOMS, KITCHEN AND JIN.

AS YOU CAN SEE, JUST KIND OF THE EQUIPMENT. THESE ARE 247 OPERATED BUILDINGS.

SO THE WHERE THAT THESE BUILDINGS AS WE GO THROUGH THEM.

THEY WEAR MUCH QUICKER THAN, SAY, A CITY HALL.

BUILDING A LIBRARY. SENIOR CENTER. SOME OF THE OTHER FACILITIES THAT WE HAVE HERE ON THE CAMPUS.

SO THAT IS FOR FIRE STATION ONE GOING INTO FIRE STATION TWO.

THIS IS 11,004, 11,400FT² WAS CONSTRUCTED IN 2003.

THIS IS ON THE DEWITT AND RANCH ROAD. THEY HAVE SOME FLOODING AND WATER ISSUES CURRENTLY. DECONTAMINATION AREA AND CONTAINMENT BARRIERS, LAYOUT CHANGES IN KITCHEN, A C TRAINING ROOM. THIS PARTICULAR FIRE STATION IS, AS YOU CAN SEE, CONSTRUCTED IN 2003.

IT IS IN MORE OF A CRITICAL STATE AT THIS MOMENT.

AND YOU CAN KIND OF SEE THOSE PICTURES THERE.

AGAIN, I ALWAYS PAINT THE PICTURE. THESE ARE 24 SEVEN HOUR OPERATED FACILITIES THAT ARE FIREFIGHTERS LIVE IN.

AND THEN FINALLY, POLICE PUBLIC SAFETY REMODEL 19,441FT².

[01:40:04]

AS YOU MAY OR MAY NOT KNOW, THE CITY USED TO OPERATE IN FULLY OPERATED JAIL.

THEY NO LONGER DO THEY OUTSOURCE THAT TO A NEIGHBORING CITY.

AND SO IT JUST IS SITTING STORAGE, RIGHT? BUT IT HAS SOME CONNECTION CONNECTIVITY IN THOSE JAIL CELLS.

AND SO IT IS BEING USED AS JUST STORAGE FOR NOW.

RIGHT. ALSO SALLY PORT STORAGE AND GYM IMPROVEMENTS.

YOU CAN SEE THAT LOWER PICTURE. THEY HAVE SOME SPACE THERE THAT THEY COULD BE UTILIZED FOR ADVANCED TRAINING NEEDS THAT THEY COULD DO IN-HOUSE.

AND SAME WITH THE GYM AND STORAGE THERE. SO THOSE ARE THEM AT A VERY QUICK HIGH LEVEL.

I DID SEND OUT AN EMAIL TO THE BOND COMMITTEE.

IF ANY OF YOU DESIRE TO GO AND SEE THESE FACILITIES, PLEASE LET ME KNOW AND I CAN WALK YOU THROUGH THEM.

THEY ARE PROTECTED, YOU KNOW, SEE JUST REQUIRED.

SO I KIND OF NEED TO SCHEDULE THAT WITH THEM TO GET THAT DONE.

BUT PLEASE REACH OUT TO ME SO YOU CAN TAKE A LOOK AT THOSE FACILITIES.

THINGS TO CONSIDER, STUFF THAT I KIND OF ALREADY MENTIONED. BUT PUBLIC SAFETY RENOVATIONS, THEY DO CARRY REAL COMPLEXITY.

COMPLEXITY AS THESE ARE, YOU KNOW, THE, THE, THE TYPES OF MATERIALS THAT THESE BUILDINGS ARE VERY DIFFERENT THAN, SAY, CITY HALL AND OTHER FACILITIES THEY CARRY YOU KNOW, EVIDENCE, THINGS THAT NEED PROPER VENTILATION. AND SO WHEN THOSE WEAR OUT, IT IT MAKES A HUGE ISSUE WITH THE WHOLE FACILITY.

THESE WOULD NEED TO BE OCCUPIED BUILDING, PHASING.

YOU HAVE TO PHASE THESE OUT BECAUSE WE'D STILL NEED TO OPERATE.

AND SO ALSO THINGS TO CONSIDER. WE IN THOSE ESTIMATES IS MULTI YEAR ESCALATION BECAUSE THOSE ARE HIGHER END MATERIALS.

IT GETS MORE EXPENSIVE THE LONGER IT TAKES TO BUILD THOSE.

RIGHT. AS I MENTIONED 24 HOUR 24 OVER SEVEN, OUR FACILITIES CONSERVATIVE PRICING ALLOWS FOR BETTER PROTECTION FROM ESCALATION REDUCE CHANGE ORDERS AND MAXIMUM BUDGET CERTAINTY. SO AS YOU CAN SEE IN THESE, THERE'S THOSE ARE PRETTY BIG RANGES, RIGHT? SO THERE'S A LEANER OPTION. THERE'S A CONSERVATIVE OPTION.

IT REALLY DEPENDS ON TIMING AND SOFT COSTS, HARD COSTS.

AND FOR THOSE TYPES OF MATERIALS. DOES THAT MAKE SENSE? ANY QUESTIONS? I WOULD TELL YOU, I TALKED TO THE FIRE CHIEF ABOUT IT BECAUSE ONE OF THE THINGS THAT, AS I UNDERSTAND IS AN ISSUE ALSO IS THESE BUILDINGS WERE NOT NECESSARILY BUILT TAKING INTO ACCOUNT MEN AND WOMEN.

YEAH. AND SO YOU'VE GOT IT IS IT IS NOT IT DOESN'T WORK WELL FOR FEMALE FIREFIGHTERS, FOR FEMALE POLICE OFFICERS, AS I UNDERSTAND AS WELL. SO I WOULD I WOULD ENCOURAGE EVERYBODY TO TAKE THE OPPORTUNITY TO GO LOOK THROUGH THE BUILDINGS, THE POLICE CHIEF AND FIRE CHIEF. I KNOW THEY'LL SPEND WHATEVER TIME WITH US TO TO HELP UNDERSTAND IT, BECAUSE YOU'RE RIGHT, THAT IS A BIG RANGE TO SAY A 6.1 TO 11.8.

AND THAT'S, YOU KNOW, I'D LOVE TO SEE. GREAT.

TAKE THE FULL 118. THAT'S GREAT. YOU'RE DONE. BUT I KNOW THAT'S NOT WE NEED TO BETTER UNDERSTAND IT AND.

CORRECT. SO THAT WAS ONE OF THE BIG ISSUES. AND I DIDN'T REALIZE THAT FIRE STATION TWO HAD FLOODING ISSUES UNTIL I TALKED TO THE FIRE CHIEF.

AND THEY'VE HAD TO DO SOME FIXES JUST TO KEEP IT FROM FLOODING WHEN IT RAINS A LOT.

THIS PICTURE IN PARTICULAR, THOSE LOCKERS, THAT IS THE FEMA LOCKER ROOM.

THAT'S IT. YEAH. THAT'S IT. I'VE I'VE PERSONALLY, OF COURSE TOURED THE POLICE STATION.

AND YES, THEY DEFINITELY NEED THE IMPROVEMENTS.

AND I WOULD SAY ANYBODY THAT HAVEN'T, YOU SHOULD THEY, THEY NEED BETTER EQUIPMENT FOR PEOPLE KEEPING US SAFE.

YEAH. FOR PEOPLE KEEPING US SAFE AND KEEPING THE CITY SAFE.

I HAVEN'T GONE TO THE FIRE STATIONS, BUT I'VE HEARD ABOUT THEM, SO YEAH, THEY NEED IMPROVEMENTS.

AND THIS IS ONE WHERE WE'D GOING BACK TO, I THINK, JASON, WHAT YOU SAID THIS WOULD BE ALL IN ONE OR YOU CAN SEPARATE IT BY FIRE STATION ONE. FIRE STATION TWO PUBLIC SAFETY IF YOU WANTED TO, BUT YOU WANT TO PUT THEM ALL TOGETHER.

YOU CAN, I THINK. GENERALLY, YES. AND THAT IS ONE THING.

CERTAINLY TALKING WITH CHRIS AND WITH THE AG.

SO THE ATTORNEY GENERAL AND I DIDN'T SPEND A WHOLE LOT OF TIME TALKING ABOUT HIM, BUT HIS OFFICE REVIEWS ALL PUBLICLY OFFERED BOND ISSUES.

THEY ALSO REVIEW ALL BOND ELECTIONS. SO WE WOULD WANT TO MAKE SURE THAT WE DOT OUR EYES CROSS OUR T'S AS IT RELATES TO THAT.

BUT I THINK GENERALLY SPEAKING, YES, THAT IT COULD ALL BE DONE AS ONE.

OKAY. ANY YOU KNOW, I GOT A QUESTION ON THAT ONE.

[01:45:04]

SO DO WE HAVE TO SPECIFY HOW MUCH EACH INDIVIDUAL GROUP GETS? IT WOULD BE THE FORMER. SO YOU WOULD JUST HAVE IT JUST AS AN EXAMPLE.

LET'S SAY IT'S $15 MILLION FOR PUBLIC SAFETY.

$15 MILLION CAN BE SPENT ON ANY PUBLIC SAFETY PROJECTS.

SO THAT ALLOWS FOR THE THE DIFFERENT MOVEMENT AND COSTS BETWEEN ONE OR THE OTHER.

IT WOULD JUST HAVE TO, AGAIN, AS I TALKED ABOUT, BE SPENT ON PUBLIC SAFETY.

OKAY. THANK YOU. YES, SIR. CAN I ASK A DUMB QUESTION? THIS MAY BE MORE FOR COREY THAN ANYTHING. WHO OWNS THE LAND? RIGHT NEXT TO FIRE STATION TWO? DO WE? THERE'S A LOT.

BECAUSE IT'S THE SUBDIVISION, RIGHT? I THINK WE OWN ALL THE WAY. ALL THE ALL THE GRASS THAT'S NEXT TO IT.

I BELIEVE SO, YES, I DO BELIEVE THAT IS CORRECT.

GO BACK TO WHAT IT COSTS TO DO FIRE STATION TWO.

IS IT ALMOST CHEAPER TO PUT A NEW ONE IN? PARDON? IS IT ALMOST JUST AS CHEAP TO PUT A NEW ONE IN RIGHT NEXT TO IT? I DON'T THINK THERE'S ENOUGH SPACE. HONESTLY. NOT ENOUGH SPACE.

AGAIN, I THINK IT'S PART OF THAT QUESTION IS HOW DO YOU MAINTAIN OPERATIONS? LIKE I CAN'T TAKE THE BUILDING DOWN. YOU JUST EXPAND IT.

NO. WELL, OR YOU BUILD ON THAT WHEN YOU'RE STILL USING.

I JUST IT'S A I DON'T THINK IT'S CHEAPER, BUT IT'S LIKE YOU'RE TALKING $6 MILLION AND I'M NOT, I'M NOT I DON'T THINK YOU'RE CHANGING IT. THAT'S THAT'S A LOT FOR AN 11,000 SQUARE FOOT BUILDING.

YEAH. I DON'T THINK YOU COULD BUILD A NEW ONE FOR 6 MILLION. I THINK IN THE STANDARDS NOW, IT WOULD BE BECAUSE THE BUILDING MATERIALS. WHAT YOU HAVE TO DO IS THAT, LIKE I SAID, DUMB QUESTION, BUT I'M STILL GONNA ASK IT. WHAT IS THE LAND? THE LAND IS NOT BIG ENOUGH. THE ONE NEXT TO YOU.

SO YOU JUST WHAT YOU'RE SAYING IS THEY JUST BUILT ONE IN SUNNYVALE FOR 8 MILLION.

SO I THINK IT WAS EIGHT. AND THAT WAS ABOUT 5 TO 6 YEARS AGO.

I THINK IT WAS APPROXIMATELY 8 MILLION. SO JUST TO PROVIDE SOME CONTEXT.

OKAY. I JUST I JUST CURIOUS. I DON'T THINK THAT GRASS THE NEXT TO IT IS BIG ENOUGH FOR THE ENTIRE THING.

BUT IF YOU'RE TALKING ABOUT THE INCREASED COST TO REDO ALL THE WORK BECAUSE YOU GOT TO LIVE IN IT WHILE YOU'RE DOING IT.

WELL, IS THERE A WAY TO SAY, GREAT, I'M GOING TO I'M GOING TO SHIFT THE FIREHOUSE OVER TO A CERTAIN DEGREE, BUILD A NEW ONE THERE. I KNOW IT DOESN'T ALL QUITE FIT, BUT I'VE STILL GOT FIRE BAYS THAT ARE AVAILABLE UNTIL I CAN.

CAN I PHASE THAT IN. IF THAT BECOMES 8 TO $10 MILLION.

I GET IT, THERE'S A LOT OF MONEY IN THAT. I DIDN'T KNOW.

IS THAT SOMETHING THAT IS EVEN IN. I THINK IT'S A POSSIBILITY TO LOOK AT AND SAY I THINK IT JUST WOULD HAVE TO GIVE. I'M A NUMBERS MONEY GUY. I'M NOT A CONSTRUCTION GUY.

SO THAT'S. BUT IT JUST MAKES ME WONDER THERE BECAUSE YOU, YOU DO HAVE LAND.

YEAH. WE JUST WE HAVE TO HAVE TO ASK THAT QUESTION WITH OUR FACILITIES GROUP JUST TO SEE WHAT WE GOT. I WORKED ON SOMETHING SIMILAR FOR GRAYSON COLLEGE UP IN DENISON ON THEIR POLICE HEADQUARTERS. AND THEY, THEY DID SOMETHING SIMILAR WHERE THEY STILL HAD TO BE OPERATIONAL ON CAMPUS, BUT THEY WERE ABLE TO EXPAND THE BUILDING, DO A LIGHT REMODEL IN THE EXISTING AND THEN, YOU KNOW, MARRY THE TWO. AND IT WORKED. SO, I MEAN, IT TAKES, YOU KNOW, CONSIDERATE PLANNING, BUT IT, IT, IT WORKS. SO IT MIGHT BE SOMETHING TO CONSIDER TOO.

YEAH. I JUST DON'T KNOW WHAT THE NEW DESIGN STANDARDS WOULD BE FROM 2003 TILL NOW.

I DON'T KNOW. I THINK JUST DON'T TELL THE FIRE CHIEF RIGHT NOW.

DON'T LET IT GET HIS HOPES UP. BUT I THINK THAT'S ALL STUFF THAT WE HAVE TO CONSIDER TOO, RIGHT? LIKE I MENTIONED, LIKE THE VENTILATION, RIGHT? THEY DON'T HAVE ANY PLACE TO STORE THEIR GEAR. RIGHT. SO IF THEY GO TO A CHEMICAL FIRE OR SOMETHING, THEY HAVE CONTAMINATED GEAR THAT'S IN THE BAY.

THEY DON'T HAVE ANY PLACE TO PUT IT. I'M NOT ADVOCATING FOR THE FIRE DEPARTMENT, BUT IT SOUNDS LIKE YOU ARE.

YEAH, I GUESS. OKAY. I THINK ON THIS ONE, IT'S WE ALL NEED TO TAKE THE OPPORTUNITY REALLY OVER THE NEXT COUPLE OF WEEKS TO REACH OUT TO LOGAN AND SAY, HEY, NOW, I THINK TO MAKE SURE WE STAY CORRECT.

IT CAN'T BE 3 OR 4 OF US AT ONE TIME. CORRECT.

BECAUSE THEN YOU RUN INTO OPEN MEETINGS, ACT AND EVERYTHING ELSE.

SO. BUT IF 1 OR 2 OF YOU WANT TO, IT JUST HAPPENS TO BE AT THE SAME TIME.

THAT CAN BE DONE BECAUSE WE'RE NOT IN IN VIOLATION OF.

BUT I THINK IT WOULD BE GOOD FOR US TO DO THAT.

CORRECT. OKAY. OKAY. ANY OTHER QUESTIONS BEFORE WE MOVE ON TO THE LAST PIECE? ALL RIGHT. HERITAGE PARK. AND THIS IS OLD HERITAGE PARK.

THERE ARE TWO OPTIONS HERE. AS YOU KNOW, THERE WAS A CONSIDERABLE ENHANCEMENTS THAT WERE MADE AT HERITAGE PARK.

YOU CAN KIND OF SEE THAT OFF TO THE EAST SIDE THERE.

WHAT WE'RE TALKING ABOUT IS OLD HERITAGE PARK, WHICH IS KIND OF THE BALLPARK AREA AND WHERE WE DO SOME OF OUR EVENTS.

SO OPTION ONE WOULD BE TO REPLACE EXISTING AMENITIES, NEW PLAYGROUND WITH SURFACING AND SHADE,

[01:50:01]

AND THIS IS VERY BASIC CONCEPT PLAN, RIGHT? BECAUSE WE DON'T HAVE ANY OF THESE DESIGNED OUT.

BUT THIS IS THE IDEA IS TO HELP ACTIVATE THE OLD PART OF HERITAGE PARK THAT HAS BEEN THERE, BEEN THERE FOR QUITE A WHILE AND ADD SOME MORE PARKING.

GO AHEAD. SO AS FAR AS I UNDERSTAND, THE SACHSE BASEBALL ASSOCIATION ARE THE ONLY PEOPLE THAT USE THESE FIELDS.

IS THAT CORRECT? I WOULDN'T KNOW THE ANSWER TO THAT OTHER THAN I KNOW THAT THEY ARE THE PRIMARY USERS OF IT, BUT I YOU CAN STILL RESERVE THOSE FIELDS AND I THINK THAT THEY CAN.

RESIDENTS CAN DOES HAPPEN FROM TIME TO TIME. YES.

OKAY. MY SON PLAYS TRAVEL BALL JUST JUST FOR REFERENCE, BUT AS THE CITY EVER CONSIDERED HOSTING TOURNAMENTS BECAUSE THAT WOULD MAKE SENSE, YOU KNOW, REVITALIZING THIS, MAYBE MAKING IT TURF AND THEN THAT WOULD BRING IN MORE INCOME FOR THE CITY.

HOW HAVE WE DISCUSSED HOSTING TOURNAMENTS? BECAUSE IN MY OPINION, SACHSE BASEBALL.

WHILE IT'S GREAT, WHILE THE KIDS ARE YOUNGER, MOST OF THEM ARE SPECIALIZING AND THEY'RE PLAYING TRAVEL BALL NOW.

SO MY SON OUTGREW THIS WHEN HE WAS 7 OR 8 AND WENT TO TRAVEL BALL.

SO IT'S A BIG EXPENSE. I MEAN, IT NEEDS TO HAPPEN BECAUSE WE DID IT ON THE OTHER SIDE.

BUT IF THE CITY WOULD CONSIDER HOSTING TOURNAMENTS, THEN I THINK IT'D BE A GOOD IDEA.

I BELIEVE THAT THE WAY THAT IT IS IN CURRENT STATE, WE DO NOT MEET THE CRITERIA TO HOST TOURNAMENTS.

SO THAT IS PART OF WHY THIS IS BEING BROUGHT UP TO YOU ALL.

OKAY. SO THAT THAT WOULD BE A CONSIDERATION IN THE FUTURE IF IF THIS WERE TO GO FORWARD.

CORRECT. BUT I DO WANT TO MAKE THE CLARIFICATION THAT THE IF WE WERE TO GO FORWARD WITH THIS TURFING WOULD ONLY BE ON THAT PROPOSED NEW BASEBALL FIELD.

IT DOES NOT INCLUDE THOSE THREE EXISTING FIELDS.

SO IF THAT IS SOMETHING THAT YOU WOULD WANT TO ADD INTO THE PROPOSITION, THAT WOULD HAVE TO BE ADDED ONTO.

IN ADDITION, FROM WHAT I REMEMBER, THOSE FIELDS FLOOD EASILY, AND THERE'S ONLY SO MUCH, YOU KNOW, STUFF THAT YOU CAN PUT ON THERE TO DRY IT UP. TURF DRAINS MUCH FASTER.

I KNOW IT'S EXPENSIVE, BUT I DON'T KNOW. THAT MIGHT JUST BE SOMETHING TO CONSIDER.

LOOK AT THE COST OF THAT. SO I DID RUN SOME ESTIMATES BECAUSE IT WAS A CONCERN THAT CAME UP AT THE COUNCIL MEETING ON MONDAY.

OKAY. IT IS ABOUT $750,000 TO JUST REPLACE WHAT IS THERE FOR A FIELD AND PUT IN TURF PER FIELD.

PER FIELD. OKAY, IT'S EXPENSIVE, BUT THAT IS JUST FOR THE TURF.

THAT'S NOT INCLUDING NEW CANOPIES, NEW DUGOUTS, DRAINAGE IMPROVEMENTS THAT IT IS JUST REPLACING WHAT IS THERE FOR IN TURFING IT.

YOU CAN ALSO HAVE THE REVENUE FROM TOURNAMENTS IF THEY WERE HOSTED, WHICH THEY BRING IN A LOT OF MONEY. SO IT MIGHT HELP OFFSET SOME OF THAT COST.

BUT DOING FULL. LET'S SAY YOU WANTED TO DO FULL NEW IMPROVEMENTS OF EACH ONE OF THOSE FIELDS.

YOU'RE LOOKING WELL PAST YOU KNOW, AROUND THAT $2 MILLION FOR EACH ONE OF THEM.

THAT'S IN ADDITION TO THE CURRENT 117. CORRECT.

SO IF YOU WANTED TO DO THAT, YOU'RE LOOKING AT CLOSER TO 16 TO 17.

IF YOU WERE TO COMPLETELY REPLACE ALL OF THAT AND PUT IN ALL NEW DUGOUTS, ALL NEW FIELDS, LIGHTING, FENCING, ALL OF IT, YES, IT WOULD BE ABOUT 2 MILLION TO 2.5 MILLION A PIECE.

WHAT WAS JUST SPENT ON THE OTHER PART OF THE OF HERITAGE PARK, THE NEWER IMPROVEMENTS.

I BELIEVE I CAN GET THAT ANSWER TO YOU, BUT I WANT TO SAY IT WAS AROUND $10 MILLION.

SO IN TOTAL, IF WE DID, IF WE DID ALL OF THIS, HYPOTHETICALLY, THAT WOULD BE 20,000,000 IN 1 PARK THAT WE'RE TALKING ABOUT, WHICH DOESN'T NECESSARILY SERVE EVERYBODY. IT ONLY SERVES A CERTAIN POPULATION.

SO. THEY'RE SHOWING PARKING LOT, ADDITIONAL PARKING LOT.

WHERE YOU LOSE ALL THE GRASS SPACE THAT IS USED FOR ANY CITY EVENT.

IS THAT BECAUSE WE THINK IT'S NEEDED OR. SO AS YOU CAN SEE, THAT PLACE, THAT BLUE AREA, THAT WOULD BE WHERE THE EVENTS WOULD KIND OF GET MOVED OVER TO IS OVER IN THAT AREA TO ACTIVATE. SO WE'RE CLOSER TO THE PARK.

THE NEWER PARK. SO THAT WAY, AS YOU HAVE BEEN TO EVENTS, IT KIND OF FEELS LIKE YOU'RE ON THE OTHER SIDE OF THE OF THE PARK AND IT'S KIND OF A FURTHER AWAY. THIS HELPS ACTIVATE THE FULL PARK.

SO WE WOULD SHIFT THE EVENTS TO WHERE THEY ARE, WHERE YOU SEE THAT PROPOSED CONCESSIONS FACILITIES, KIND OF WHERE WE HAVE STAGES FOR THE RED, WHITE AND BLUE BLAST, FOR EXAMPLE, THAT WOULD GET MOVED INTO THAT CORNER AREA TO HELP ACTIVATE THE FULL POTENTIAL OF THE PROPERTY. OKAY. THERE'S IN THAT PROPOSED FOOD TRUCK.

[01:55:06]

YEAH, I BELIEVE SO. ARE WE EXPECTING THAT'S JUST GOING TO BE DIRT OR IS THAT GOING TO BE PAVED? THAT IS THE TRUCK AREA. YEAH, I BELIEVE IT IS NOT PAVED, BUT I CAN GET BACK TO YOU ON THAT.

OKAY. IS THERE ANY WAY TO GOING TO YOUR POINT OF HOSTING TOURNAMENTS, TO EVEN PROJECT REVENUE THAT COULD COME IN IF WE DID DO UPGRADES? IS THERE ANY WAY TO FIGURE OUT NOW? I'M THINKING MORE ECONOMIC DEVELOPMENT JUST FOR A MINUTE AND SAY, WHERE DOES THAT WHAT DOES THAT DO FOR US REVENUE WISE TO BE ABLE TO, TO HOST THAT? BECAUSE I MEAN, YOU KNOW, I MEAN, THAT'S BUT I DON'T.

RIGHT. SO EACH TEAM PAYS A TOURNAMENT FEE, OKAY, TO THE ORGANIZATION, BUT THE HOST IS ALSO, YOU KNOW, IT COULD BE SACHSE BASEBALL AS A SPONSOR.

YOU KNOW, YOU COULD SET IT UP THAT WAY, BUT IT DEPENDS ON THE TOURNAMENT.

SOME OF THEM ARE A THOUSAND A TEAM. SOME OF THEM ARE LIKE 700 A TEAM.

IT REALLY JUST DEPENDS. AND THEN YOU CAN CHARGE A GATE FEE FOR THE SPECTATORS.

SO ALL THE KIDS AND THE COACHES GET IN WITH THEIR WITH THEIR ASSIGNED FEE.

BUT LIKE SOME OF THEM, I PAY $10 JUST TO GO WATCH SOME OF THEM.

YOU CAN PAY, YOU KNOW, THEY GIVE YOU A DISCOUNT IF YOU BUY FOR THE FULL WEEKEND.

SO AND THE CONCESSIONS ARE HUGE BECAUSE AT THESE TOURNAMENTS YOU'RE THERE ALL WEEKEND.

YOU KNOW, YOU, YOU LIVE THERE. SO AND THE FOOD'S IMPORTANT.

SO IF WE DO THIS, WE NEED GOOD FOOD. BUT BUT YEAH, IT'S, IT'S DEFINITELY A MONEY MAKER.

IT'S A BIG BUSINESS. OKAY. SO MAKE SURE I'VE GOT IT CLEAR.

OPTION ONE IS DOING PLAYGROUND THAT YOU'RE TALKING ABOUT RESTROOM CONCESSION.

OPTION TWO IS THE ONLY ONE THAT INCLUDES THE NEW BASEBALL FIELD, CORRECT, BUT NOT THE OTHER THREE AS IT CURRENTLY STANDS, EXCEPT FOR LIGHTING ON ALL OF THEM. CORRECT. OKAY.

ALL RIGHT. ANY OTHER FURTHER QUESTIONS OR CLARIFICATION ON THIS PROJECT AT THE MOMENT? NOT FOR ME. ANYBODY ELSE? OKAY. OKAY. SO REVIEW WE GOT THROUGH THE CANDIDATE PROJECTS.

IT'S ABOUT, YOU KNOW, 120 TO 140 MILLION WORTH OF PROJECTS WE JUST COVERED.

THE TOTAL DEBT CAPACITY WITHOUT RAISING THE TAX RATE, AS JASON HUGHES ALLUDED TO IS 55.5.

JUST, JUST WANTED TO CLARIFY THAT AT THE END.

SO NEXT STEPS. ANY FURTHER DISCUSSION QUESTIONS PLEASE.

AS I MENTIONED, THE INDIVIDUAL TOURS OR IF YOU CAN SCHEDULE THOSE WITH ME IN THE NEXT COMING WEEKS AND DAYS ESPECIALLY BEFORE THAT SECOND BOND MEETING, WHICH IS THE 27TH OF OCTOBER. SO THAT'S COMING RIGHT AROUND THE CORNER.

SO PLEASE GET WITH ME HERE SOON. SOMETHING I DID WANT TO MENTION, WE DO HAVE A BOND WEBSITE THAT JUST WENT LIVE TODAY.

SO FOR QUESTIONS, ANYBODY, INCLUDING IN THE AUDIENCE OR THOSE, THOSE LISTENING CAN GO TO W W DOT BOND 2027.COM AND THERE THEY WILL FIND INFORMATION ON YOU ALL THE BOND COMMITTEE AS LONG AS WELL AS THESE MEETING DATES AND TIMES.

AND WE HAVE A CONTACT US. SO WE WILL BE GETTING QUESTIONS FROM ANYBODY THAT WOULD LIKE TO SEND IN QUESTIONS.

AND WE CAN GET THOSE ANSWERED AND PUT THE AND WE CAN TALK ABOUT THOSE AS WELL AS AT FUTURE MEETINGS IF SO DESIRED.

SO ANY LAST QUESTIONS? GO AHEAD. SO IN ORDER TO TALK TO YOU ABOUT SO I KNOW WE WERE TALKING ABOUT TRYING TO GET INPUT FROM THE FROM THE LOCAL AREA. RIGHT. HOW DOES THAT FACTOR INTO OUR TIMELINES AND EVERYTHING ELSE AS WE DISCUSS THIS? DO WE HAVE DATES AND CERTAIN EVENTS THAT WE ARE HOSTING CERTAIN THINGS.

IT IS JUST ON SOCIAL MEDIA THROUGH THE WEBSITE.

AND THEN COMING BACK TO YOU ALL TO GIVE OUT CLARIFICATION ON ANYTHING.

SO NO, THERE AREN'T. THERE'LL BE PROBABLY AT CERTAIN EVENTS JUST ADVERTISING ABOUT THESE EVENTS, THE BOND. BUT REALLY IT'S JUST GETTING OUT, GETTING THE INFORMATION TO THE PEOPLE AS FAR AS WHAT QUESTIONS THAT THEY HAVE.

SO THEN TYPICALLY THE PEOPLE THAT ARE MORE PROACTIVE, THAT WANT THE TYPE OF THINGS THAT WE'RE TALKING ABOUT ARE THE ONES THAT ARE GOING TO BASICALLY GIVE INPUT. THOSE THAT DON'T WANT IT DON'T NECESSARILY SAY ANYTHING.

[02:00:02]

WE'VE GOT TO MAKE A DECISION AND VOTE AS A AS A COMMITTEE TO SAY THIS IS WHAT WE'RE GOING TO RECOMMEND TO CITY COUNCIL.

CORRECT. SO OUR NEXT MEETING ON THE 27TH WE NEED TO BE PREPARED TO OR PRIOR TO THAT, IDEALLY, WE'VE SUBMITTED OURSELVES LOTS OF QUESTIONS TO YOU THAT IF THERE'S ADDITIONAL CLARITY THAT WE WANT OR, OR PRICING IS THAT WE'VE GOT TIME TO WHERE WE CAN SAY, HEY, COREY, WE WANT ADDITIONAL PRICING FOR DIFFERENT OPTION.

IS THAT SOMETHING THAT CAN BE DONE PRIOR TO THAT 27TH OR IS THAT.

YEAH, DEPENDING ON WHAT THE ASK IS. WE'LL CERTAINLY TRY TO TURN THAT AROUND BEFORE YOUR NEXT MEETING. OKAY.

SO IT'S NOT A COMPLETE REDESIGN OF EVERYTHING WE'VE PROBABLY GOT TIME TO SAY.

IDEALLY, A LOT OF QUESTIONS THEN SO THAT ON THE 27TH AT THAT TIME.

WE'RE JUST DISCUSSING EACH OF THE PROJECTS INDIVIDUALLY, A LOT MORE IN DETAIL AND MAYBE GETTING A LITTLE BETTER FEEL AS A AS A COMMITTEE.

YET WE DON'T LIKE THIS ONE AT ALL. WE'LL WE'LL TABLE THAT TO THE SIDE AND THEN NARROW THAT DOWN A LITTLE BIT MORE SO THAT ON THE EIGHTH WE CAN THEN FULLY NARROW IT DOWN.

BUT ON THAT TIME, WE'VE ALSO GOT TO DECIDE WHAT OUR RECOMMENDATION OR DO WE HAVE TO DECIDE.

WE'RE RECOMMENDING A THREE PROPOSAL PACKAGE TO COUNCIL OR IS THAT COUNCIL'S.

SO THIS IS PROBABLY A CHRIS QUESTION. BUT AGAIN, AS WE DID BEFORE, WE DID A NEIGHBORHOOD STREET PROPOSITION, WHICH IS FOR X AMOUNT OF DOLLARS. RIGHT. RIGHT. WE DID SACHSE ROAD, WHICH IS AN ARTERIAL PROJECT.

SO THAT WAS ONE. SO SACHSE ROAD TWO AND THREE WAS ONE PROPOSITION.

WE DID A COLLECTOR STREET PROPOSITION. SO WE KIND OF BROKE IT OUT A LITTLE BIT. SO IT WASN'T LIKE STREETS.

RIGHT. AND SO WE CAN BREAK IT DOWN A LITTLE BIT BASED ON THE CATEGORY OF THE STREET IF YOU GUYS WANT.

BUT WE'RE GOING TO MAKE THAT RECOMMENDATION. SAY, HEY, WE RECOMMEND YOU TO A STREETS ONE OR NEIGHBORHOODS ONE.

WE RECOMMEND YOU DO A PUBLIC SAFETY ONE AND THEN A REGULAR STREETS ONE.

THAT'S WHAT WE WOULD RECOMMEND IN THESE DOLLAR AMOUNTS.

AND WE MAKE THAT RECOMMENDATION RECOMMENDATION TO COUNCIL.

WE PRESENT IT TO THEM IN JANUARY. IN JANUARY.

YEAH. AND THEN COUNCIL THEN DECIDES FROM THERE.

YEAH. WE'LL WORK WITH CHRIS AND HIS GROUP AND COUNCIL TO DECIDE HOW THOSE PROPOSITIONS GET STATED OR WORDED.

CORRECT. SO A LOT OF WORK TO BE DONE. DOES THAT DOES THAT MAKE SENSE.

IS THAT IS THAT I MEAN WE GOT TO DIGEST IT. ALL THESE SLIDES.

ARE YOU SENDING THOSE TO US. YES. OKAY. OTHER QUESTIONS.

WE MISS ANYTHING FOR NOW. ALL RIGHT. IT'S BEEN A LOT.

OKAY. THANK YOU ALL. AND WITH THAT, THEN I GUESS WE GO TO ITEM E ADJOURNMENT.

WE'LL ADJOURN OUR MEETING TODAY AT 8:03 P.M..

THANK YOU GUYS VERY MUCH. THANK YOU.

* This transcript was compiled from uncorrected Closed Captioning.