[PRELIMINARY OPEN MEETING]
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THE COUNCIL WILL NOW RECESS INTO EXECUTIVE SESSION IN TRAINING ROOM A TO HOLD A CLOSED EXECUTIVE MEETING PURSUANT TO THE PROVISIONS OF VERNON'S TEXAS CODES ANNOTATED GOVERNMENT CODE CHAPTER 5 51.
THE OPEN MEETINGS ACT IN ACCORDANCE WITH THE AUTHORITY CONTAINED IN SECTION 5 51 0 71 TO CONSULT WITH THE ATTORNEY TO RECEIVE LEGAL ADVICE AND DISCUSS LITIGATION SECTION 5 51 0 87 TO DISCUSS ECONOMIC DEVELOPMENT MATTERS AND SECTION 5 51 0 74 TO DISCUSS PERSONNEL MATTERS.
I NOW DECLARE THE PLAINTIFF, CITY COUNCIL PRELIMINARY OPEN MEETING IS RECONVENED IN OPEN SESSION THAT ALL COUNCIL MEMBERS ARE PRESENT TO THE EXCEPTION OF MAYOR PRO TEM CASEY PRINCE.
OUR FIRST ITEM ON THE PRELIMINARY AGENDA IS CONSIDERATION AND ACTION RESULTING IN THE EXECUTIVE SESSION.
UH, FIRST ITEM, A HERITAGE COMMISSION MEMBER APPOINTMENT.
UH, DEPUTY MAYOR PRO TEM TWO, AND I HAVE CONFERRED AND, UH, WE WOULD LIKE TO NOMINATE DAVID K VILLE FOR THE HERITAGE COMMISSION.
I HAVE A MOTION IS SECOND, UH, FOR THE APPOINTMENT OF THE HERITAGE COMMISSION.
NEXT ITEM IS PERSONNEL APPOINTMENTS.
ITEM A IS MULTICULTURAL OUTREACH ROUND TABLE.
I'D LIKE TO APPOINT DONNA HARTMAN.
MAKE A MOTION TO APPOINT DONNA HARTMAN.
I HAVE A MOTION AND A SECOND TO APPOINT DONNA HARTMAN TO THE MCO CO-CHAIR.
THE OTHER ITEM IS PLANO HOUSING AUTHORITY.
FOR A MEMBER, I'D LIKE TO APPOINT JAN RUG, MAKE A MOTION TO APPOINT JAN RUG TO THE P H A BOARD.
I HAVE A MOTION AND A SECOND TO, UH, APPOINT JAN RUG TO THE P H A BOARD.
NEXT ITEM IS, UH, ITEM THREE, DISCUSSION AND DIRECTION REGARDING THE 2024 HOUSING TAX CREDIT PROCESS.
LORI, GOOD EVENING, MAYOR CITY COUNCIL.
UM, THIS IS A FOLLOW UP TO YOUR LAST MEETING REGARDING THE 2024 HOUSING TAX CREDIT PROCESS.
UM, AND JUST WANTED TO PROVIDE JUST A BRIEF OVERVIEW OF THE STATE TIMELINE THAT IS ASSOCIATED WITH THE HOUSING TAX CREDITS THROUGH T D H C A.
UM, AS I JUST WANNA MAKE A PARTICULAR NOTE THAT NOVEMBER 9TH IS WHEN T D H C A IS GONNA BE FINALIZING THEIR QUALIFIED ALLOCATION PLAN.
THAT IS THE ONE THING THAT COMES EACH YEAR THAT WE DO NEED TO REVIEW TO ADJUST OUR PROCESS ON A CITYWIDE LEVEL IN CASE THERE ARE ANY CHANGES ON THE STATE LEVEL PROCESS.
UM, SO JUST WANTED TO POINT THAT OUT WITH THEIR APPLICATIONS FOR THOSE DEVELOPERS BEING DUE ON, UM, MARCH 1ST.
SO, CITY COUNCIL HAS A FEW OPTIONS, UM, AHEAD OF YOU THIS EVENING.
UM, THERE ARE, UH, WE HAD A 2022 HOUSING TAX CREDIT RESOLUTION APPLICATION PROCESS, UM, AND IT DID HAVE SOME MODIFICATIONS THAT MAY BE POTENTIALLY NEEDED, UM, PER THAT Q A P AS AS DISCUSSED.
UM, YOU CAN ALSO ACCEPT THE RECOMMENDATIONS BY THE HOUSING TAX CREDIT CONSULTANT THAT YOU RECEIVED AT YOUR LAST MEETING, OR YOU COULD LOOK AT A COMBINATION OF EXISTING PROCESS CONSULTANT RECOMMENDATIONS AND OR ANY ADDITIONAL CITY COUNCIL DIRECTION.
SO WE'VE TRIED TO KEEP THIS RELATIVELY SIMPLE, UM, AND HAVE PROVIDED A TABLE FOR YOU TO REVIEW, UM, SOME OF THE HIGHER LEVEL AREAS THAT THEY WERE LOOKING AT.
UM, THE FIRST, UM, THAT WE ARE HAVING BROUGHT TO YOU FOR DISCUSSION IS WHO WILL BE THE REVIEWING BODY FOR THE 2024 APPLICATIONS? CURRENTLY RIGHT NOW IT'S THE COMMUNITY RELATIONS COMMISSION, UM, THE HOUSING TAX CREDIT CONSULTANT RECOMMENDED THAT BE CHANGED TO NEIGHBORHOOD SERVICES STAFF.
AND WE'RE SEEKING DIRECTION ON, UH, WHAT COUNCIL WOULD LIKE TO DO.
IS EVERYBODY HAPPY WITH, UH, THE COMMUNITY RELATIONS COMMISSION TO CONTINUE THAT WORK? I THINK YES.
SO, UH, NEXT, UH, ITEM FOR CONSIDERATION IS LOOKING AT THE PROPOSED DEVELOPMENT ZONING AT THE TIME OF THE HOUSING TAX CREDIT RESOLUTION APPLICATION
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SUBMISSION.CURRENTLY RIGHT NOW, THAT IS NOT CONSIDERED AS PART OF THE APPLICATION.
THE CONSULTANT RECOMMENDED NO CHANGE AND WE'RE SEEKING DIRECTION ON WHAT WOULD LIKE TO DO AS FAR AS THIS, UH, PARTICULAR ISSUE.
COUNCIL MEMBER WILLIAMS, WRONG BUTTON.
UM, I, I, I LISTENED TO THE CONSULTANT'S COMMENTS AT THE LAST MEETING, AND I THINK, UH, I THINK WHAT HE PRESENTED WAS CORRECT, BUT BACKWARDS FROM WHAT WE HAD SOUGHT.
UM, I THINK WE SHOULD EXPLORE HAVING ZONING IN PLACE BEFORE WE MAKE A DECISION ON HOUSING TAX CREDITS, BECAUSE AS WE'VE SEEN MANY TIMES WITH CONSIDERATIONS BEFORE THIS COUNCIL, WE GET REQUESTS PERTAINING TO THE EXACT SAME DEVELOPMENT DONE PIECEMEAL, BUT WE DON'T CONSIDER THEM HOLISTICALLY, BUT THEY ARE, THEY SHOULD BE CONSIDERED HOLISTICALLY.
AND IF THE, IF A GIVEN DEVELOPMENT DOESN'T SUIT THE ZONING NEEDS, THEN I SEE THE APPLICATION OF A HOUSING TAX, UH, CREDIT AS MOOT.
AND WHEN WE DO THINGS IN REVERSE ORDER, WE CAN INVITE PROBLEMS. IS EVERYBODY, IS EVERYBODY OKAY WITH THAT? UH, AT LEAST, UH, LETTING STAFF EXAMINE WHETHER OR NOT THAT PROCESS WOULD WORK, UH, AND, AND BRING THAT BACK AS, AS A RECOMMENDATION? UH, I, I THINK THAT'S A GREAT IDEA.
ONE, ONE THING I MIGHT THROW OUT THERE AS, UH, UH, AN ADD-ON OR IF ONE DOESN'T WORK, MAYBE THIS MIGHT WORK, IS IF, IF WE CAN'T, UH, UH, PUT IT IN WHERE THE ZONING WOULD BE REQUIRED, I WOULD SAY AT LEAST, UH, WE SHOULD COME UP WITH A FORMULA WHERE THEY WOULD GET, A DEVELOPER WOULD HAVE ADDITIONAL CREDIT IF THEY DO HAVE THEIR ZONING.
BECAUSE I THINK THAT SHOWS SERIOUSNESS ON THEIR PART.
AND AFTER ALL, WHAT WE WANT IS FOR THESE PROJECTS TO BE SUCCESSFUL.
AND I THINK THE MORE THAT THEY DO ON THE FRONT END TO SHOW THAT THEY'RE SERIOUS AND GONNA DELIVER THAT, THE BETTER IT'LL BE.
SO JUST TO BE CLEAR, UM, JUST SO FOR OUR DIRECTION THAT WE'LL BE BRINGING BACK IS THAT COUNCIL DOES WISH TO REQUIRE THAT, UH, THE ZONING BE IN PLACE FOR THE PROPOSED PROJECT, OR IF NOT THAT, UM, YOU WOULD LOOK AT POSSIBLY HAVING ADDITIONAL POINTS PROVIDED IF THEY HAVE THE ZONING IN PLACE.
SO, WE'LL, WE'LL BRING THOSE TWO OPTIONS.
UM, THE NEXT PART WAS WHETHER OR NOT, UM, A H T C APPLICANT IS A LOCAL DEVELOPER.
UM, CURRENTLY RIGHT NOW THERE ARE NO ADDITIONAL POINTS OR CONSIDERATIONS GIVEN, UM, UNDER THE 2022 PROCESS.
THE CONSULTANT DID NOT RECOMMEND ANY CHANGES TO THAT.
SO WE'RE SEEKING DIRECTION ON WHETHER COUNCIL WISHES TO HAVE ADDITIONAL POINTS OR CONSIDERATION GIVEN FOR LOCAL DEVELOPERS.
OH, UH, MAYOR, IF I'M, I MAY, I'LL, I'LL JUMP IN.
SO I, I THINK THAT INVOLVEMENT IN THE LOCAL COMMUNITY IS CRITICAL.
UH, AND HAVING A, A TRACK RECORD OF THAT OVER TIME IS SOMETHING THAT I THINK WE, WE SHOULD BE GIVING CREDIT FOR.
SO IT DOESN'T NECESSARILY HAVE TO MEAN A HEADQUARTERS WITHIN THE MUNICIPAL BOUNDARIES OF THE CITY OF PLANO, BUT A LONG-TERM TRACK RECORD OF INVOLVEMENT IN THE CITY OF PLANO SO THAT WE KNOW THIS IS, YOU KNOW, SOMEBODY WHO'S SERIOUSLY INVESTED IN OUR COMMUNITY.
SO WE'RE REALLY TALKING ABOUT MAYBE AN A, A GRADE, UH, UH, BONUS FOR, FOR BEING THERE.
BUT, YOU KNOW, IS, IS BEING ESSENTIAL IS, IS NOT, I THINK WE'RE JUST GIVING SOMEONE MAYBE AN EXTRA POINT OR TWO OR WHATEVER THE NUM WHAT, WHATEVER THE, THE PERCENTAGE IS OKAY.
FOR BEING LOCAL, BUT IT'S NOT, UH, NOT A REQUIREMENT.
WE WILL LOOK AT IS SOMETHING FOR THAT THAT, OKAY.
AM I SAYING IT RIGHT OR NOT? UH, I THINK PRIMARILY ABOUT COMMUNITY INVOLVEMENT.
SO IN WHICH THAT PERSON, THAT DEVELOPER IS, UH, DEEPLY VESTED IN OUR LOCAL CITY, UM, DEVELOPMENT.
ADDITIONAL WAITING AND A RUBRIC, BUT NOT A ROADBLOCK.
UM, SO ON THE NEXT SLIDE, UM, WE HAVE SOME ADDITIONAL CONSIDERATIONS.
UM, ONE WAS THAT THE ADDITIONAL POINTS OR CONSIDERATION BE GIVEN IF A PROPERTY MANAGEMENT COMPANY WAS LOCAL, UM, CURRENTLY THAT IS NOT PROVIDED THE CONSULTANT DID RECOMMEND THAT YOU MOVE FORWARD WITH INCLUDING THAT AS, UH, ADDITIONAL POINTS OR CONSIDERATIONS FOR A LOCAL PROPERTY MANAGEMENT COMPANY.
I DO THINK THAT'S MORE IMPORTANT ACTUALLY, THAN THE CONSTRUCTION PART OF IT.
SO, UM, I, I, I WOULD DEFINITELY, IF WE'RE, IF WE'RE TALKING ABOUT THE DEVELOPER BEING LOCAL OR HAVING LOCAL TIES, THIS IS MORE IMPORTANT 'CAUSE THEY'RE THE ONES THAT HAVE TO TAKE CARE OF IT.
UM, THE NEXT IS REGARDING HOUSING TAX APPLICATIONS.
CURRENTLY RIGHT NOW, IF A RESOLUTION OF SUPPORT IS PROVIDED TO AN APPLICANT, THE CITY PROVIDES A COMMITMENT OF $500, WHICH IS A WAIVER OF BUILDING PERMIT FEE, SHOULD THAT, UH, PROJECT
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GET, UM, THROUGH THAT HOUSING TAX CREDIT PROCESS, UM, NO CHANGES RECOMMENDED BY THE CONSULTANT.SO WE'RE SEEKING DIRECTION IF YOU WOULD LIKE TO CONTINUE THAT PRACTICE.
WE WILL CONTINUE WITH THAT PRACTICE.
WE'LL LEAVE, WE'LL LEAVE IT ALONE.
UM, THE NEXT ONE IS REGARDING COMMUNITY S SUPPORT LETTERS BEING REQUIRED.
UM, AS OF RIGHT NOW, UM, THE, WE DO NOT, WE DO REQUIRE COMMUNITY SUPPORT LETTERS BE REQUIRED.
UM, THE CONSULTANT DID RECOMMEND ELIMINATING THE COMMUNITY SUPPORT LETTER AND HAVING A INFORMATION SESSION WITH REGISTERED NEIGHBORHOOD GROUPS AS THE REQUIREMENT INSTEAD OF HAVING REQUIRED COMMUNITY SUPPORT LETTERS.
SO WE'RE JUST SEEKING DIRECTION ON WHAT COUNCIL WOULD LIKE TO DO WITH THIS ITEM.
I WOULD PERSONALLY LIKE TO KEEP THE COMMUNITY SUPPORT LETTERS.
UH, Y'ALL MAY REMEMBER WHEN I ASKED THE CONSULTANT, UH, ABOUT THIS, HE, HE ESSENTIALLY SAID THAT COMMUNITY SUPPORT IS STILL PART OF THE T D H C A PROCESS.
HE WOULD JUST RECOMMEND ELIMINATING IT FROM OUR LOCAL PROCESS.
BUT WE'RE THE ONES WHO ARE HERE IN THE COMMUNITY.
AND SO I THINK IT WE'RE IN A BETTER POSITION TO TAKE INTO ACCOUNT THE COMMUNITY SUPPORT LETTERS THAN THE T D H C A.
SO I WOULD KEEP THAT AS PART OF OUR LOCAL PROCESS.
DO WE, DO WE, DO WE GET A GOOD RESPONSE FROM THAT? OR IS THAT, UH, UH, FAIRLY LIGHT? I MEAN, I, I, I WOULD SAY THAT JUST MY PAST EXPERIENCE WITH THESE APPLICATIONS, IT'S BEEN RELATIVELY LIGHT.
UM, I THINK WHEN A NEIGHBORHOOD FEELS STRONGLY ABOUT A PARTICULAR DEVELOPMENT, THEY HAVE COME OUT OKAY.
UM, BUT I DO THINK THAT THAT IS SOMETHING THAT, YOU KNOW, WE CERTAINLY CAN LEAVE IN, UM, IF IT'S SOMETHING THAT COUNCIL WOULD LIKE TO SEE AS A SLIDING SCALE, YOU KNOW, IF THERE'S MORE LETTERS OR THEN THAT WOULD BE A HIGHER POINT.
SO WE CAN DO THAT, BUT WE'LL PROVIDE SOMETHING FOR YOU TO CONSIDER.
I JUST FEEL LIKE THE REQUIREMENT PART OF IT, WHICH, WHICH WOULD ELIMINATE POSSIBLY A, A, A GOOD OPERATOR.
IT, IT MAY BE A LITTLE BIT TOO O ONEROUS.
AND, AND, AND TO CLARIFY, I WASN'T, UH, INTENDING TO SAY THAT IT SHOULD BE A HARD AND FAST REQUIREMENT, LIKE A PASS FAIL.
IF YOU DON'T HAVE 'EM, YOU'RE, YOU'RE OUT.
BUT ANOTHER THING WHERE THERE WOULD BE POINTS FOR, YOU KNOW, FOR HAVING COMMUNITY SUPPORT FLEX YES.
WEIGHTED IN THE RUBRIC, BUT ADDITIONALLY, I'VE HEARD OF A NUMBER OF, UH, DEVELOPER COMMUNITY MEETINGS, WHICH SUSPICIOUSLY FEW MEMBERS OF THE COMMUNITY, AVERY HERB WERE HAPPENING.
SO THE, THE ONUS TO GO OUT AND GET THE LETTERS OF SUPPORT REALLY PROVIDES AN ADDITIONAL ENGAGEMENT WITH THE COMMUNITY.
SO THE NEXT ONES, UM, ARE NOT, UM, THE, UH, SAME LEVEL OF, OF, UH, CONSIDERATION.
UM, AND TYPICALLY ARE MORE LOOKING AT HOW THE APPLICANT THRESHOLD QUESTIONS WOULD GO.
UM, THIS FIRST ONE HERE ABOUT QUESTION TWO IS ACTUALLY A FAIRLY SIMPLE RECOMMENDATION WHERE WE'RE TAKING QUESTION TWO AND SPLITTING IT INTO TWO SEPARATE QUESTIONS.
UM, BECAUSE IT, IT IS ESSENTIALLY THE EXACT SAME WORDING, UM, SO THAT THERE IS MORE OPPORTUNITY FOR THAT DEVELOPER TO EXPLAIN THESE TWO DIFFERENT PARTS OF THAT, THAT ORIGINAL QUESTION.
UM, SO WE'RE JUST SEEKING DIRECTION IF YOU WOULD LIKE TO SPLIT THOSE, THOSE UP.
THE NEXT ONE IS LOOKING AT REDUCING THE NUMBER OF MARKET RATE UNITS.
CURRENTLY RIGHT NOW, UM, THE PROPOSED DEVELOPMENT HAS, UM, AT LEAST 20% MARKET RATE UNITS.
THE CONSULTANT RECOMMENDED THAT WE DROP TO 10% MARKET RATE UNITS.
THE REASONING, UM, FOR THAT ONE WAS THAT THE Q A P IS SCORING IN FAVOR OF MORE HEAVILY, UH, AFFORDABLE UNITS.
SO THIS REALLY IS A DECISION THAT COUNCIL CAN MAKE.
IT'S, IT'S NOT NECESSARILY, IT'S STILL POSSIBLE.
IF YOU HAD A 10% MARKET RATE, SOMEBODY WOULD STILL COME IN WITH 20% MM-HMM.
SO IT WOULD JUST BE A MINIMUM OF 10%.
MY CONCERN HERE IS THAT WE'VE HAD IT AT 20%, RIGHT? YEAH.
UM, I, UH, I THINK CHANGING IT GRANTED TO 10% WILL CERTAINLY HELP BRING IN MORE FOLKS THAT ARE QUALIFIED FOR THOSE UNITS.
BUT WILL IT RESTRICT US FROM THE DEVELOPER'S PERSPECTIVE YEAH.
OF WANTING TO GO OUT THERE AND RECOUP AT LEAST 20% ON A CURRENT MARKET RATE.
I MEAN, IT'S A FINE BALANCE THAT WE'RE HAVING TO STRIKE HERE.
AND I'M, I'M THINKING AGAIN, I I'D LIKE TO SEE THE 10%, BUT WOULD THAT JUST BASICALLY TELL A DEVELOPER THAT'S A, THAT'S A NO GO, JUST A THOUGHT IS EVERYBODY GO AHEAD.
I WAS JUST GONNA ASK A, A QUESTION, LORI, BECAUSE, UH, AS, AS COUNCIL MEMBER HORN ALLUDED TO, WE'VE HAD THE 20% STANDARD FOR YEARS.
THE DISCUSSION AROUND THAT HAS ALWAYS BEEN THAT IT'S, UH, IT'S BENEFICIAL FOR ALL OF THE RESIDENTS IN THE DEVELOPMENT TO HAVE THAT 80 20 BALANCE.
I UNDERSTAND THE, UH, I BELIEVE IT'S Q A P, UH, SCORING AND HOW GOING UP TO 90% AFFORDABLE UNITS COULD ENHANCE THAT.
BUT WOULD THAT NOT MOVE US BACKWARDS ON THAT STATED REASON OF THE 80 20 SPLIT IS, IS BETTER FOR ALL OF THE RESIDENTS.
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KNOW, IT LEADS TO A, YOU KNOW, A GOOD DEVELOPMENT.AND I THINK THE, THE REASONING THAT WE HAVE HAD FOR, YOU KNOW, OVER THE COURSE OF THE, UH, THE PROGRAM IS, IS THAT 80 20 IS A, UM, FAIRLY STANDARD MIX THAT YOU'LL SEE ACROSS THE UNITED STATES, UM, AS FAR AS CONSIDERED SORT OF A MODEL, UM MM-HMM.
AND, UM, AS I MENTIONED, IF YOU, IF YOU HAD THE 20%, IT DOES PROVIDE THAT, UM, MORE MIXED RATE.
UM, YOU, YOU HAVE DIFFERENT ECONOMIC LEVELS THAT ARE LIVING WITHIN THAT SAME AREA.
UM, WE ALSO HAVE BEEN TOLD THAT THE FINANCING IS EASIER WHEN YOU DO IT AT AN 80 PER 20 MIX.
UM, I DON'T KNOW IF MAYOR HAS ANYTHING HE WOULD LIKE TO SAY ON THAT ONE, BUT, UM, BUT I THINK THAT THE, THAT IS THE REASONS THAT HAVE BEEN GIVEN IN THE PAST FOR US TO STAY WITH THAT 20% MARKET RATE.
REALISTICALLY, I THINK YOU CAN GO EITHER WAY.
UM, AND IT WOULD BE A SUCCESSFUL DEVELOPMENT TASK MEMBER WILLIAMS AS AN ADDITIONAL DATA POINT.
I THINK, UH, KEEPING IT AT 80 20 KEEPS US CLOSER IN LINE WITH HB 2071, WHICH PASSED THE LEGISLATURE THIS SESSION REGARDING, UH, PUBLIC FACILITY CORPORATIONS.
DID YOU HAVE SOMETHING RIGHT? YEAH, I WAS JUST GONNA SAY, MAKE A SUGGESTION AND IT'S JUST A, A, A WORD, BUT WE SAY DEVELOPMENT, UH, HAVE AT LEAST 20% MARKET RATE, BUT AT LEAST IF YOU HAD 40% MARKET RATE, THAT WOULD SATISFY THE 20%.
BUT NOW THEY'VE GOT A 60 40 MIX.
OR DO WE WANT SAY THAT AT A MAXIMUM OF 20%? WE CAN SAY THAT.
IF THAT'S, IF THAT'S THE PREFERENCE OF COUNCIL, I, I THINK WE SHOULD LEAVE IT ALONE.
I WANT US TO BE INTENTIONAL ABOUT WHAT WE'RE DOING.
WE WILL LEAVE THAT, AND THIS IS JUST A FINAL PROPOSED TIMELINE JUST SO THAT, UM, COUNSEL IS, UH, HAS SOME EXPECTATIONS ABOUT WHEN YOU WILL BE SEEING APPLICATIONS COME FORWARD.
UM, AS I MENTIONED BEFORE, THAT NOVEMBER 9TH DATE IS KEY FOR US TO MAKE SURE THAT OUR PROCESS ALIGNS WITH THE STATE PROCESS.
SO WE WOULD BE BRINGING THESE PROPOSED CHANGES BACK TO YOU AT YOUR NOVEMBER 27TH CITY COUNCIL MEETING.
UM, WE WOULD NEED TO GET, UM, SOME, UH, APPROVAL AT THAT EVENING MEETING, AND WE WILL DO OUR BEST TO TRY AND GET INFORMATION OUT EARLIER.
UM, BUT WE WOULD THEN TURN THAT QUICKLY AROUND AND HAVE THAT OUT TO THE DEVELOPERS BY NOVEMBER 29TH WITH A DEADLINE OF JANUARY 12TH FOR THEM TO SUBMIT THEIR APPLICATIONS.
UM, SO CITY COUNCIL WOULD SEE THEN THE WHATEVER HOUSING TAX CREDIT APPLICATIONS THAT HAD BEEN SUBMITTED AT YOUR MEETING OF FEBRUARY 12TH.
OUR NEXT ITEM, UH, HAGGARD FARMS PRESENTATION.
UM, THIS IS ABOUT HAGGARD FARM AND THE PI.
THIS IS REALLY ABOUT RECAPPING THE ITEMS LATER ON THIS EVENING, AND TO GIVE YOU A LITTLE MORE OPPORTUNITY TO FREELY DISCUSS IT, IF YOU WILL.
UM, HAGGARD FARM, OF COURSE, IS ON THE WEST SIDE.
UM, WE ESTABLISHED A PI EARLIER THIS YEAR, AND OF COURSE, THE PURPOSE OF THE PIT IS TO PAY FOR, UH, INFRASTRUCTURE OR PUBLIC INFRASTRUCTURE.
THAT IS THE STUFF THAT WE'RE GONNA OWN EVENTUALLY, UM, WHEN THE PROJECT IS DONE, UM, A WAY TO FINANCE THAT, THAT IS CHEAPER THAN PEOPLE CAN GET NOWADAYS.
AND SO WE WENT AHEAD AND, AND WORKED OUT AN AGREEMENT, WHICH YOU ALREADY APPROVED, UM, WITH THE DEVELOPER.
AND THEN, BUT I WANTED YOU TO KNOW THAT WE'VE KEPT OUR, UM, OUR POLICIES OF HAVING A VALUE TO LEANN RATIO THREE TO ONE AND A LEVY UNDER A DOLLAR.
AND I'LL GET MORE INTO THOSE IN A MINUTE.
BUT THAT IS THE CONSERVATIVE APPROACH, AND WE WERE ABLE TO KEEP THAT.
THERE ARE, THERE'S ONE PI BUT THERE ARE TWO AREAS WITHIN THE PI, UM, EACH BEING ASSESSED DIFFERENTLY.
UM, AND THAT HAS TO DO WITH, UH, MANY DIFFERENT THINGS WITHIN THE PID LAW.
AND, BUT MOSTLY WHAT IT DOES TELL YOU IS THAT IT'S REALLY ABOUT, UH, HOW THE, HOW IT UNIQUELY BENEFITS THE IMPROVEMENTS TO THE LAND.
SO YOU'LL SEE THAT IN THE WHITE ONE AS WE MOVE FORWARD.
THAT WHITE AREA IS A LITTLE BIT HIGHER.
UM, BUT AGAIN, WHAT WE'RE DOING TONIGHT IS WE'RE GONNA CONDUCT A PUBLIC HEARING FOR EACH OF THOSE TWO AREAS.
UH, ADOPT AN S A P AND LEVY AND AN ASSESSMENT, AND THEN FOLLOWED RIGHT AFTER THAT WITH A BOND FOR THAT AREA.
UM, THEY'RE SLIGHTLY DIFFERENT.
UM, AND, BUT AGAIN, THAT'S WHY WE'RE DOING IT BECAUSE THERE'S TWO DIFFERENT BOND ISSUANCES, UM, HAVING TO DO WITH TWO DIFFERENT, UM, LEVEES.
UM, THE FIRST LEVEE, FIRST ONE IS IMPROVEMENT AREA NUMBER ONE THAT'S SHOWN HERE IN WHITE.
IT'S A BOND OF ABOUT 5 MILLION.
AND THE ASSESSMENT ABOUT 45 CENTS.
UH, THE NUMBERS MAY HAVE SLIGHTLY CHANGED.
WE JUST PRICED THE BONDS, UM, BUT IT'S WITHIN, UM, HUNDREDS OF CENTS.
NOT ANYTHING GREATER THAN THAT.
THE MAJOR IMPROVEMENT AREA, THAT'S THE BLUE THAT COVERS MOST OF THE PROPERTY.
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A LITTLE, THAT, THAT NUMBER TWEAKED A LITTLE BIT TOO.SO IT'S ABOUT 16 AND A HALF MILLION DOLLARS.
UM, AND THAT ASSESSMENT IS 33 CENTS.
THE WHITE AREA ALSO PAYS THE 33 CENTS.
SO IN THE END, THEY'RE ONLY PAYING THAT DIFFERENCE A LITTLE BIT MORE.
UM, I'VE INCLUDED THIS AS EXHIBIT D.
SO IN YOUR PACKET YOU WILL SEE, UM, HAS TO DO WITH SOURCES AND USES OF FUNDS.
AGAIN, YOU'LL SEE THE CITY CONTRIBUTION OF 6 MILLION, UH, 600,000.
THAT IS THE SUBDIVISION STUFF.
WE TALKED ABOUT THAT WITHIN THE AGREEMENT.
IT IS SOMETHING THAT THEY'RE OWED BECAUSE OF THE WAY OUR ORDINANCES ARE WRITTEN, UM, AND HAVING TO DO WITH PARKLAND.
UM, SO YOU'LL SEE, UH, ON THE, THE SAME EXHIBIT FOLLOWING PAGE, YOU'LL SEE THAT THE DEVELOPER ALSO CONTRIBUTES TO THE PUBLIC IMPROVEMENTS.
SO THAT'S EVERYTHING THE BOND COULDN'T COVER AND SOME OF THE OTHER COSTS.
UM, SO, UH, IT'S NOT ALL FREE, UH, WITH THIS BOND MONEY.
AND THEY WILL, OF COURSE, BE PAYING BACK THE ASSESSMENTS ON THESE FEES UNTIL EACH PARCEL IS SOLD.
UM, YOU ALL KNOW HOW THAT WORKS.
WE'VE DONE THIS BEFORE, BUT I'M HAPPY TO ANSWER ANY SPECIFIC QUESTIONS YOU MAY HAVE ON HAGGARD FARM.
OF COURSE, WE'LL DO A PUBLIC HEARING LATER.
YOU CAN ASK MORE QUESTIONS IF YOU THINK ABOUT IT.
BUT I WANTED TO GIVE YOU AN OPPORTUNITY, UM, BECAUSE IT IS KIND OF COMPLICATED IN THE SENSE THAT IT'S THE SAME BUT DIFFERENT.
ANY QUESTIONS FOR PETER? IT WAS SO COMPREHENSIVE.
WELL, YOU'VE GOT EXPERIENCE, SO, BUT SINCE THERE'S FOUR ITEMS, THIS WAS GREAT TO HAVE ALL AS ONE PRESENTATION THAT HELPS SMOOTH THINGS OUT.
SO THANK YOU VERY MUCH, PETER.
RETAIL REHABILITATION PRESENTATION.
YEAH, SO WE'VE BEEN TALKING ABOUT RETAIL REHABILITATION IN THE CITY FOR QUITE SOME TIME.
UM, AND WE'VE, UH, GOTTEN A WHOLE TEAM TOGETHER TO REALLY THINK ABOUT HOW TO DO THIS REVITALIZATION.
WE'VE DIPPED OUR TOE IN THE WATERS A LITTLE BIT WITH, UM, THE MARKET ON 18TH STREET.
UM, A LITTLE BIT OF COL CREEK, WHICH IS MORE THAN JUST A REVITALIZATION AS A COMPLETE REDO, UM, BUT ASSEMBLY PARK AS WELL.
AND SO WHEN WE SAW, WE SORT OF ALWAYS HAD THIS PHILOSOPHY THAT IT SHOULD BE SOMETHING BETTER THAN WHAT WAS ORIGINALLY PROPOSED.
WE SAW THAT IN THE MARKET, UM, AT 18TH STREET.
THEY ACTUALLY DID A LOT MORE WITH THE MONEY THAT WE GAVE THEM.
UM, AND I THINK IT'S BEEN A, A REAL SUCCESS AND A BOON TO THE NEIGHBORHOOD AND HAS REALLY IMPROVED THAT CENTER.
UM, BUT AGAIN, IT'S ALL ABOUT MAKING A POSITIVE IMPACT AND REALLY CHANGING THE CENTER AS MUCH AS WE CAN OR PUSHING IT FORWARD, IF YOU WILL, SO THAT THE, THE BEST COMPLIMENT IT CAN BE THAT WHEN SOMETHING LIKE THIS HAPPENS IS THAT PEOPLE THINK IT'S ACTUALLY A NEW RETAIL CENTER, RIGHT? BECAUSE IT'S ALL BEEN RE REFACED IN NEW STORES, NEW SIGNS AND THINGS LIKE THAT.
SO WHAT WE'VE COME UP WITH IS A SORT OF, UH, A PHILOSOPHY OF GRANTS.
AND AGAIN, IT'S ABOUT UPPING THE ANTE.
AND I THINK THE BEST EXAMPLE AT THE MOMENT IN PLANO IS ASSEMBLY PARK, WHICH WAS OF COURSE A PLANO, MARCUS GRAL, UM, QUITE FRANKLY, ONE OF THE, NOT THE PRETTIEST BUILDING EVER IN PLANO, BUT TODAY, UM, THIS IS A RENDERING, BUT IT ACTUALLY LOOKS EXACTLY LIKE THIS PICTURE.
AND, UM, I THINK A LOT OF YOU WENT OUT THERE AND LOOKED, I THINK IT'S AROUSING SUCCESS ON WHAT THE CITY'S MONEY CAN DO TO PUSH IT FORWARD.
SO THERE ARE SEVERAL TYPES OF GRANTS.
WE'VE SORT OF KIND OF DONE A WHOLE, UH, MENU OF THEM, AND WE'LL GO THROUGH EACH AND ONE OF THESE.
BUT I WANTED TO SORT OF, BEFORE WE GET INTO ANY KIND OF POLICY DISCUSSION, WHICH WILL BE, WE'LL BRING BACK TO YOU.
UM, THIS IS REALLY GET, UH, TONIGHT'S ABOUT GETTING A FEEL ABOUT WHAT YOUR KIND OF GRANTS YOU'RE COMFORTABLE WITH.
SO WHEN WE GO AHEAD AND DO POLICY WORK, WE ARE, WE KNOW WHERE WE'RE AIMING FOR.
SO A LOCATION GRANT, IT'S JUST WHAT IT SOUNDS LIKE, IT'S SIMILAR TO WHAT OUR ECONOMIC DEVELOPMENT DEPARTMENT DOES, UM, ENTICE A, A, A A RETAILER TO COME HERE.
I HAVE TO SAY THAT IT'S GOTTA BE A RETAILER THAT'S GONNA CHANGE THE GAME FOR THE CENTER.
UM, YOU KNOW, TAKE FOR INSTANCE, H E B DOES NOT NEED ANY INCENTIVES, BUT MY POINT IS, IT REALLY DOES CHANGE THE GAME.
THAT'S THE KIND OF RETAILER WE'RE TALKING ABOUT.
UM, IT CAN BE MUCH SMALLER THAN THAT.
IT DOESN'T HAVE TO BE A HUGE RETAILER, BUT IT'S SOMETHING THAT'S GONNA REALLY CHANGE THE CENTER FOR THE BETTER.
THIS WOULD BE SOMETHING INTERESTING TO DO, AND IT'S SORT OF PUSHING THE ENVELOPE A LITTLE BIT IN THE SENSE THAT THERE ARE SOMETIMES THERE ARE RETAILERS WITHIN A CENTER THAT'S REALLY HOLDING THE CENTER BACK FROM BEING BETTER.
UM, CERTAIN RETAILERS ARE GO NEAR WHERE THEY THINK THEIR BRAND WANTS TO BE AND, BUT THEY DON'T WANT TO BE ASSOCIATED WITH SOMETHING LESS THAN.
AND THERE ARE THOSE RETAILERS THAT THIS HAPPENS TO.
I HAPPEN TO BE GOING TO A, A PANEL DISCUSSION ABOUT RETAIL AND THE RETAIL SHOPPING CENTER.
THEY HAD A STORE IN THERE THAT WAS HOLDING THEM, LEASING THE REMAINDER OF THE CENTER.
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AND SO THEY JUST MADE THE BUSINESS DECISION TO HELP BUY DOWN THAT LEASE AND GET, MOVE THEM HAPPILY OUT OF THAT CENTER AND THEN THEY COULD THEN LEASE THE WHOLE CENTER UP AGAIN.SO IT WENT FROM 20% FULL TO A HUNDRED PERCENT FULL WITH JUST BY HAVING THAT, AGAIN, I DON'T KNOW IF YOU WOULD BE COMFORTABLE WITH SUCH A THING, UM, BUT I WANTED TO GIVE IT TO YOU AS AN OPTION.
'CAUSE IT, IT COULD BE A REAL TOOL FOR US TO USE FACADE IMPROVEMENTS.
AGAIN, WE'VE DONE THIS WITH THE MARKET.
UM, THIS IS REALLY JUST ABOUT, HEY, THIS IS WHAT WE WANT TO DO.
HOW CAN WE MAKE IT EVEN BETTER AND MORE COMPREHENSIVE, UH, DEMOLITION.
UM, THIS IS A SUNK COST FOR MOST, UH, PROPERTY OWNERS BECAUSE THEY DON'T GET MONEY OUT OF THE DEMOLITION, RIGHT? SO THIS WOULD BE US HELPING THEM DEMOLISH IN THIS CASE, THESE ARE TWO BIG BOXES.
DON'T TAKE THAT AS I WANT TO GET RID OF THEM.
THIS IS JUST AN INSTANCE OF WHERE THERE'S NOT, WE HAVE BIG BOXES AND THEY'RE JUST HARD TO FILL UN UNLESS YOU'RE LUCKY ENOUGH TO GET A PICKLEBALL COME THROUGH.
BUT NOT EVERYBODY'S GONNA BE THAT LUCKY.
AND SO THE QUESTION IS, WHAT DO WE DO WITH THEM AND HOW DO WE REIMAGINE THE SPACE? SO THIS WOULD BE, UM, SORT OF LEADING TO A WHOLE COMPREHENSIVE THING, A LANDSCAPING.
THIS IS AN EXAMPLE ON QUITE, I THINK ACTUALLY THIS IS WHERE PICKLEBALL IS GOING.
UM, MY POINT ON THIS IS YOU CAN SEE THAT THERE'S LANDSCAPING OUT FRONT, BUT THERE'S NOTHING FROM THERE TO ALL THE WAY BACK TO THE BUILDING.
THERE'S NO LANDSCAPE ISLANDS, THERE'S NONE OF THAT.
THIS IS A SHOPPING CENTER THAT PREDATES A LOT OF OUR LANDSCAPING ORDINANCES.
SO IT'S REALLY FOR THOSE CENTERS THAT ARE OLDER AND NEEDING TO REALLY REVAMP AND MAKE THEM BETTER.
UM, A LOT OF TIMES LIGHTING CAN BE OLD OR SHINING INTO EVERYBODY'S NEIGHBORHOOD, SO THIS WOULD BE SOMETHING TO INCENTIVIZE FIXING THAT.
AND THEN SIGNAGE, THIS HAPPENS TO BE ON IN JUPITER AND 14TH.
UM, YOU, I DON'T KNOW IF IT'S REALLY CLEAR, BUT THIS IS A, A CASE WHERE EVERY SIGN IS COMPLETELY DIFFERENT.
SOME OF 'EM WERE, THEY'RE OLD ENOUGH NOT TO BE GRANDFATHERED IN FROM A SIGN ORDINANCE.
YOU HAVE EVERY PARTICULAR SIGN YOU COULD THINK OF ON HERE, AND IT JUST DOESN'T LOOK COHESIVE OR MAKE IT BETTER OR NEWER.
AND SO THIS MONEY, A GRANT LIKE THIS WOULD BE, UM, SAYING TO THE RETAIL SHOP OWNERS WHO MAY BE COULDN'T AFFORD A BETTER SIGN, HEY, WE'LL HAVE SOME MONEY TO FIX THE SIGNAGE IN THE WHOLE CENTER.
THIS IS REALLY A ALL OR NOTHING KIND OF GRANT WHERE YOU'D WANNA DO THE WHOLE STRIP.
UM, SO THAT EVERYBODY LOOKS, UM, GOOD AND NEW PAVING.
THIS HAS TO DO WITH SOME OF THE DRIVEWAYS AND SOME OF THE INTERNAL DRIVES WHERE WE THINK THAT, UM, IT'S RECONFIGURATION WOULD HELP.
SO PAVING IN THIS SENSE IS ALL ENCOMPASSING.
AND THEN NEIGHBORHOOD PEDESTRIAN CONNECTIONS.
THIS HAPPENS TO BE A DRIVEWAY NEAR ELLIOT'S.
UM, SORRY, I'M AT EAST, I'M ON THE EAST SIDE MORE THAN ON CENTRAL.
BUT ANYWAY, AND, AND I WAS DRIVING THROUGH THAT 'CAUSE I NEEDED TO GO TO ELLIOT'S AND I CAME OUT THIS SIDE AND I, I NOTICED THAT, UM, IF YOU, IT'S A BEAUTIFUL NEIGHBORHOOD WITH BIG WIDE SIDEWALKS, GRAPE TREES, THE WHOLE VERY WALKABLE NEIGHBORHOOD.
BUT YET, IF YOU WANTED TO WALK TO ELLIOT'S, YOU WOULDN'T BE SAFE BECAUSE THERE'S ACTUALLY NO PATHWAY FOR YOU.
SO WE TALK ABOUT CONNECTING THE RETAIL CENTERS TO THE NEIGHBORHOOD.
IT'S MUCH MORE ABOUT PEDESTRIAN BIKES BEING A SAFE PATH, SO YOU DON'T HAVE TO GET IN YOUR CAR IF YOU DON'T WANT TO.
AND THIS IS, UH, TYPICAL OF EVEN HOW WE DO DEVELOPMENT TODAY.
I'M NOT SAYING THAT WE NEED TO DO THIS IN EVERY ONE OF THEM, BUT IF THERE'S A SHOPPING CENTER THAT'S BEING REDONE WITH OUTSIDE SPACES AND THEY WANT PEDESTRIAN CONNECTIONS, WE COULD HELP THEM MAKE THEM.
THAT'S SORT OF THE LIST OF THEM.
UM, I'M GONNA GO BACKWARDS TO THE WHOLE LIST FOR YOU HERE AND IF, UM, HAPPY TO ANSWER ANY QUESTIONS.
DO YOU LIKE SOME OF THEM? ALL OF THEM? NONE OF THEM? SO, MAYOR AND COUNCIL, THIS IS REALLY THE, THE BEGINNING OF THIS TYPE OF PROGRAM.
SO THINK OF THIS AS TOOLS IN THE TOOLBOX, RIGHT? AND SO WE WOULD LIKE TO, TO BE ABLE TO ADD, AND IF, IF ANY OF THESE ARE MORE CONCERNING THAN OTHERS, WE'RE HAPPY TO TO PULL THOSE OUT.
BUT WE'D LIKE TO BE ABLE TO ADD THESE TO A, UM, A TOOLBOX AND THEN POTENTIALLY GET, UH, DIRECTION FROM COUNCIL TO IDENTIFY MAYBE ONE OR TWO PILOT LOCATIONS THAT WE MIGHT BE ABLE TO BRING BACK TO COUNCIL TO DISCUSS HOW THIS MIGHT APPLY.
AND WOULD COUNCIL WANT TO, TO LOOK AT THAT? BUT WE THINK IT'S IMPORTANT WITH THE AGING INFRASTRUCTURE AND THE RETAIL, UM, CONDITIONS THAT WE HAVE ON SOME OF OUR FOUR CORNER RETAIL TO, UH, TO RECOGNIZE THAT, UM, BUT FOR SOME PARTICIPATION, UH, BY THE CITY, UM, WE MAY NOT BE ABLE TO CHANGE THE TRAJECTORY OF, OF SOME OF THESE THAT ARE SEEING INCREASED VACANCIES AND, AND, UH, A DETERIORATION OF CONDITION.
SO WITH THAT, UH, IF YOU WOULD WOULDN'T MIND PROVIDING SOME FEEDBACK ON THE TOOLS FOR THE TOOLBOX AND THE POTENTIAL FOR BRINGING BACK A, A PROJECT OR TWO AS A POTENTIAL PILOT, IT WOULD BE GREATLY APPRECIATE.
YOU KNOW, I, I, SORRY, JULIE, I'M SORRY.
I DID YOU HAVE YOUR HAND UP FIRST? COUNCIL MEMBER HOLMER, OR,
[00:30:01]
OH, OKAY.WELL, I JUST WANTED TO MAKE SURE I WASN'T CUTTING IN LINE.
UH, ANYWAY, SO I, I THINK, UH, YOU KNOW, THERE COULD BE SPOTS WHERE THIS IS APPROPRIATE.
I'D LIKE TO SEE US IN DESIGNING THE PROGRAM GIVE SOME THOUGHT TO, TO THINGS THAT PROVIDE A, A PRIVATE BENEFIT TO THE OWNER AS OPPOSED TO THINGS THAT HAVE MORE OF A PUBLIC BENEFIT.
I'M THINKING ABOUT THINGS LIKE LIGHTING, WE WERE TALKING ABOUT.
MAYBE THAT'S NOT SO MUCH A PROBLEM FOR THE PROPERTY OWNER AS IT IS FOR THE ADJACENT NEIGHBORHOODS THAT ARE GETTING LIT UP AT NIGHT.
UM, NEIGHBORHOOD PEDESTRIAN CONNECTIONS, POSSIBLY THE LANDSCAPING OR THINGS THAT PROVIDE MORE OF A PUBLIC BENEFIT AND LESS OF A PRIVATE BENEFIT.
UM, WHEREAS OTHERS OF THESE, YOU KNOW, LIKE THE LEASE BUYDOWN WOULD BE A, A GREAT EXAMPLE OF SOMETHING THAT PROVIDES A TREMENDOUS PRIVATE BENEFIT.
UM, I I, I WOULD BE HARD PRESSED TO ENVISION A SCENARIO, UM, FOR THAT OR, OR A LOT OF THESE OTHER ONES WHERE IT WOULD MAKE SENSE TO JUST, YOU KNOW, GIVE THE PROPERTY OWN OWNER MONEY FOR THAT.
BUT I COULD POTENTIALLY BE COMFORTABLE WITH A LOAN PROGRAM, YOU KNOW, AT A REASONABLE RATE OF INTEREST, MAYBE EVEN LESS THAN THEY COULD GET FROM A BANK, YOU KNOW, TO, TO SAY, YOU KNOW, HEY, THIS IS GONNA BE POSITIVE FOR YOUR PROPERTY IF YOU'RE GONNA GO FROM 20% LEASED UP TO A HUNDRED PERCENT LEASED UP BECAUSE OF THIS LEASE BUYDOWN, BUT YOU DON'T HAVE THE MONEY TO BUY IT DOWN RIGHT NOW, MAYBE WE COULD LOAN YOU MONEY AND YOU PAY US BACK WHEN IT GETS LEASED UP.
THAT MIGHT BE SOMETHING, YOU KNOW, THAT THEN WE'RE NOT JUST GIVING TAXPAYER MONEY AWAY FOR A PRIVATE BENEFIT, BUT WE'RE DOING SOMETHING THAT HAS BOTH A PRIVATE AND A PUBLIC BENEFIT AND WE GET THE MONEY BACK WITH INTEREST.
SO ANYWAY, JUST, JUST IF, IF I MAY, I DIDN'T QUITE GET TO THIS, OR MAYBE I, I SKIMMED OVER MY THOUGHT ON THIS, BUT IT'S ALWAYS ABOUT IMPROVING THE VALUE OF THE PROPERTY.
UM, IF WE IMPROVE THE VALUE OF THE PROPERTY BY SOME OF THESE COSMETIC THINGS, WE'VE SEEN THAT WITH THE MARKET.
I KEEP USING THAT AS AN EXAMPLE.
THE, THE, THE VALUE OF THE BUILDING WENT FROM $22,000 TO 2 MILLION, SO THAT'S LIKE 2000% SINCE WE PUT OUR MONEY IN.
SO WE WENT, WE GAVE THEM 500, IF YOU REMEMBER, AND THEY DID ALL THAT WORK.
AND SO WE DO ALWAYS, WHILE IT IS A PRIVATE BENEFIT, IT DOES HAVE A RIPPLE EFFECT, RIGHT? IT'S THE, IT'S THE OPPOSITE OF THE BROKEN WINDOW SYNDROME, RIGHT? YEAH.
SO IT'S, SO IT'S YOUR, YOUR POINT IS VALID ABOUT PRIVATE, BUT IT, NONE OF THESE ARE DESIGNED JUST TO GIVE MONEY AWAY SO THEY CAN GET WEALTHIER.
IT'S REALLY ABOUT BUILDING VALUE AND RAISING THE VALUE OF THE CENTER UP AND IMPUGNING THAT VALUE MM-HMM.
WELL, AND AND THANK YOU FOR THAT, PETER.
AND JUST TO CLARIFY IF IT CAME ACROSS THAT WAY, I, I WASN'T SUGGESTING THAT ANYONE WAS TRYING TO, YOU KNOW, JUST NO, NO, NO.
GIVE GIVE MONEY AWAY FOR NO PUBLIC BENEFIT.
I WAS JUST SAYING SOME OF THESE, IT'S MORE PUBLIC BENEFIT, SOME, THERE'S A LOT OF PRIVATE BENEFIT GOING ALONG WITH THAT.
AND OBVIOUSLY ON YOUR POINT ABOUT RAISING THE VALUE OF PROPERTIES, ANYTIME THE NET TAX REVENUE IS GONNA BE POSITIVE, I MEAN, THAT'S SOMETHING WHERE, YOU KNOW, PROVIDING THAT TAXPAYER MONEY BECOMES A LOT MORE COMFORTABLE.
AND THAT GOES WITH, WE'LL GET, I HAVE A, A SLIDE OR TWO TO WRAP UP, BUT THAT GOES WITH THAT.
COUNCIL MEMBER HOMER, UH, I'M AWARE OF A NEIGHBORING CITY THAT DID SOME INCENTIVES, LIKE PAYING FOR GREASE TRAPS TO GO IN, IN AREAS WHERE THEY WANTED TO SEE SOME RESTAURANT DEVELOPMENT.
WOULD THAT FALL ANYWHERE ON HERE? IS THAT SOMETHING EXTRA THAT WE COULD DO? IT, IT, IT COULD END A LOCATION GRANT WHERE WE WOULD NEED TO DO THAT? I THINK WE COULD DO THAT.
UM, I WAS IN THAT NEIGHBORING CITY
UM, ACTUALLY DOUG WAS IN A DIFFERENT NEIGHBORING CITY AND HE DID THAT KIND OF STUFF TOO.
SO A LOT OF THIS COMES OUT OF DOUG AND MA'S REAL ON THE GROUND EXPERIENCE HAVING TO, TO HELP RETAIL CENTERS WORK.
UM, AND SO YEAH, THAT, THAT'S THE KIND OF THING, UM, THAT IMPUGNS VALUE TO THE BUILDING.
AND SO I, IT'S SOMETHING I CAN ADVOCATE FOR, UM, RATHER THAN JUST SORT OF HANDING OUT CASH.
OKAY, MAYOR PRO TEM, GO AHEAD.
UH, I, I'M VERY EXCITED ABOUT THIS.
I'VE BEEN WANTING TO SEE US, UH, HELP REVITALIZE OUR RETAIL CENTERS FOR A LONG TIME.
SO ON THE LANDSCAPING, I'M WONDERING IF WE COULD LOOK AT, AND, UH, AND MAYBE THIS IS YOUR THOUGHT WITH LANDSCAPING, BUT JUST EXPAND OUR THOUGHTS ON THAT A LITTLE BIT AND, UM, SEE IF THERE'S IDEAS, UM, FOR MAYBE, UM, INSPIRING SOME OF THESE PEOPLE TO CREATE MORE INVITING SPACES IN THE LANDSCAPE.
SO IF SOMEBODY WANTS TO CREATE MORE OF A, UM, SOCIAL GATHERING SPACE OR A SMALL GREEN SPACE, ADD PATIOS, THINGS LIKE THAT, THAT ARE MORE INVITING AND HELPFUL TO THE NEIGHBORS, IF THEY WANNA WALK THERE, THERE'S A REASON TO WALK THERE, YOU KNOW, WITH A PLACE TO DRINK THEIR COFFEE, YOU KNOW, THEIR KIDS CAN RUN AROUND SOMETHING LIKE THAT.
I'D LOVE TO SEE MORE OF THOSE IN OUR FOUR CORNER RETAILS, UM, THAN, YOU KNOW, SOME OF THEM HAVE SO MUCH OF HA EMPTY PARKING.
IT'D BE GREAT IF THERE WERE MORE THINGS LIKE
[00:35:01]
THAT.SO YEAH, I THINK THE LANDSCAPING AND THE PAVING WOULD, ALL OF THAT WOULD FALL UNDER THAT.
SO WE COULD, UM, UH, USE THAT, THOSE TOOLS TO DO THAT KIND OF INCENTIVE.
ALRIGHT, GO AHEAD COUNCIL MEMBER WILLIAMS. THANK YOU.
UM, LOOKING AT ALL OF THESE, I THINK ALL OF THEM EXCEPT THE LEASE BUY DOWNS WOULD BE GREAT CANDIDATES FOR SOMETHING I'VE BEEN TALKING ABOUT ON AND OFF FOR YEARS, WHICH IS THE CONCEPT OF, UH, UH, OFFERING OR SIMULATING PROPERTY TAX ABATEMENTS FOR BUSINESSES WHO WANT TO IMPROVE THEIR PROPERTY.
SO IT MAKES SENSE, I SEE FROM A COUPLE OF STANDPOINTS.
FIRST, UM, IT'S FUTURE CITY MONEY THAT OTHERWISE WOULD NOT EXIST TO GO TOWARD THE EXPENSE OF RENOVATING A BUILDING, DEMOING SOMETHING THAT NEEDS TO GO UPGRADING THE LIGHTING, WHAT HAVE YOU.
SO THESE ALL HAVE A PUBLIC BENEFIT, AND IT'S NOT A DIRECT CITY GRANT OF TAXPAYER MONEY THAT GOES IN TO PROVIDE THAT FOR ANY MEASURE OF PRIVATE BENEFIT.
AGAIN, WITH THE EXCEPTION OF THE LEASE BUY DOWNS.
AND EVEN IF IT'S ONLY AN APPROXIMATION, WHETHER YOU'RE DOING THE LANDSCAPING OR THE FACADE IMPROVEMENTS, THE VALUE OF THE PROPERTY IS GOING TO INCREASE.
THEY ARE PAINFULLY AWARE OF THAT EVERY YEAR.
AND SO IF WE'RE PROVIDING SOME KIND OF MECHANISM TO GIVE THEM AN ABATEMENT FOR THAT FOR 1, 3, 5, HOWEVER MANY YEARS, THEN IT'LL FINANCE THE PROVISION OF THAT THROUGH MONEY THAT WOULD NOT HAVE EXISTED WITH THE CITY IF WE NEVER DID THE WORK AND HELP FACILITATE THE PUBLIC IMPROVEMENTS AND REVITALIZATION OF THE CITY.
I THINK PROVIDING FOR ALL OF THESE, BUT THROUGH A MECHANISM LIKE THAT, WOULD BE A WIN ALL AROUND YOU FINISHED? OH, SORRY.
I DIDN'T HEAR, I DIDN'T HEAR IT IN, I WAS, I WAS KIND WAIT FOR PETER TO RESPOND.
I, I, I WOULD, I WOULD HOPE THAT THAT COULD WORK.
UM, MY THOUGHT IS IS THAT IF YOU NEED CASH TODAY, A TAX ABATEMENT TOMORROW ISN'T GONNA HELP YOU.
UM, SO WHILE OUTSIDE OF AURS, I'M ALL FOR TAX ABATEMENTS.
I THINK THESE ARE A LITTLE MORE DIRECT AND YOU CAN USE THAT.
YOU HAVE MUCH MORE LEVERAGE ON THESE KIND OF GRANTS THAN A TAX ABATEMENT TO GET SOMETHING BETTER THAN, BUT MY FEAR WOULD BE THAT A TAX ABATEMENT WOULD BE YOU'D, ANYWAY, IT'S JUST, I THINK IT'S JUST A LITTLE MORE IN THIS PARTICULAR CASE FOR RETAIL, IT MIGHT, MIGHT NOT BE, THERE'LL BE SOMEBODY WHO WOULD TAKE IT, BUT NOT A WHOLESALE THING.
I LOVE THESE GRANTS HERE BECAUSE WE HAVE SOME TIRED NEIGHBORHOOD CORNERS THAT CERTAINLY NEED SOME IMPROVEMENT THROUGHOUT THE CITY.
UH, BUT WHAT WE'RE FINDING WILL BE A CHALLENGE IS THEY GOT MULTIPLE OWNERS ON THESE CORNERS, SO MM-HMM.
SO THE BIGGEST HICCUP HERE OUTSIDE OF TRYING TO FIGURE OUT WHAT GRANT TO APPLY THERE IS THE COORDINATION OF THE OWNERS THAT'S, THAT BE MOVING FORWARD.
BUT WHAT I WOULD LIKE TO SEE ALSO ON THIS IS WHEN WE'RE TALKING ABOUT LANDSCAPING, LIGHTING, SIGNAGE, UH, FACADE IMPROVEMENTS, I'D LOVE TO BE ABLE TO SEE US USE THOSE GRANTS AND TIE IT TO LOCAL SUBCONTRACTORS, PEOPLE THAT LIVE IN THE CITY OF PLANO WHO PERFORM THIS WORK, AND THAT WAY THEY'RE GETTING A BENEFIT FROM THE, THE MONIES THAT WE'RE AWARDING FOR THESE GRANT PROGRAMS. AT THE SAME TIME, YOU'RE SEEING SECONDARY AND TERTIARY ECONOMIC TRENDS COME DOWN FROM THESE SMALL BUSINESSES, UH, PERFORMING THIS GREAT WORK.
SO THERE'S SOME OWNERSHIP THERE, THERE'S SOME PRIDE THERE.
GIVES THEM AN OPPORTUNITY TO GROW AND THE CITY WINS.
SO MAYOR AND COUNCIL, IN, IN HEARING SOME OF THESE, I I, I THINK THAT THERE'S SOME, UM, SOME ADMINISTRATION CLARIFICATIONS THAT MIGHT BE HELPFUL ON THIS.
AND I THINK TO, TO COUNCILMAN WILLIAMS' POINT THAT, THAT THE POTENTIAL OF CREATING A, UH, A REVOLVING FUND, SO AN INITIAL DEPOSIT OF ELEMENTS TO BE ABLE TO GRANT AND THEN HAVE IT BE PAID BACK, UM, FROM, UH, INCREASED REVENUE THAT WE CAN LOOK AT FROM, FROM THOSE ASPECTS OF, OF HOW THAT MIGHT WORK.
WE CAN SPEND SOME TIME WITH DENISE TAKI TALKING ABOUT HOW WE MIGHT SENSE, SET SOMETHING LIKE THAT UP SO THAT IT DOES REPLENISH AND IT DOES STAY, UM, A A RELEVANT FUND KIND OF OVER TIME, BUT MAYBE ONLY REQUIRES A, AN INITIAL, UH, DEPOSIT FOR US TO GET GOING ON A, A PROGRAM LIKE THIS.
BUT IF YOU LET PETER AND MYSELF WORK WITH DENISE ON THAT, WE CAN, WE CAN LOOK AT THAT, UM, IN LIEU OF MAYBE THE, THE ABATEMENT SIDE OF THINGS.
'CAUSE THAT THAT WOULD CREATE ALSO SOME ADMINISTRATIVE, UM, ASPECTS I THINK THAT THAT MAY PROVE TO BE CHALLENGING IN THE FUTURE.
BUT I THINK PETER HAD A COUPLE OTHER SLIDES.
OH, JUST LIKE THIS? NO, JUST LIKE THIS ONE.
SO, UM, THANK YOU FOR ALL THE INPUT ON THE LIST.
THAT WAS, THAT WAS REALLY HELPFUL.
AND SO THE BIG, THE QUESTION COMES DOWN TO WHICH PROJECTS, RIGHT? WELL, FIRST OF ALL, WELL, YOU HAVE TO HAVE A WILLING, UH,
[00:40:02]
PROPERTY OWNER OR PROPERTY OWNERS.UM, SEVERAL LARGER SHOPPING CENTERS ARE MANAGED BY ONE FIRM.
SO THEY WILL, WOULD DO THE RUSTLING OF THE PROPERTY OWNERS.
SO I THINK SOME OF THEM WOULD WORK OUT.
UM, I, YOU KNOW, WE WENT THROUGH THIS WHEN WE WERE TALKING ABOUT, UM, ASSEMBLY PARK, ABOUT HOW DIFFICULT THAT IS.
SO THIS ISN'T GONNA BE AS, THE FIRST THING WE HAVE TO DO IS LET EVERYBODY KNOW THAT WE HAVE A, A POLICY THAT WE'RE WILLING TO HELP.
UM, AND THE SECOND ONE IS TO FIND THOSE PEOPLE.
THERE ARE SOME TARGETED CENTERS WITHIN THE COMPREHENSIVE PLAN.
WE WOULD, WE COULD, WE WOULD REACH OUT TO THOSE.
UM, AN OUTREACH PO PROGRAM PROBABLY IS NECESSARY TO DO THAT.
WE'VE HAD SOME INTEREST ALREADY.
UM, AND THEN OF COURSE WE'LL BE BACK WITH ELIGIBILITY BECAUSE I THINK WE JUST CAN'T THROW THIS, THE DOORS WIDE OPEN.
WE NEED TO REALLY THINK ABOUT WHAT WE WANNA DO.
UM, LIKE I SAID, I DON'T KNOW THAT H E B NEEDS A THING.
OF COURSE THEY'RE ALREADY HERE, BUT I'M, SO, AND THAT'S WHY I'M USING THEM.
BUT, YOU KNOW, WHAT DO WE DO? UM, AND THEN OF COURSE THE GRANT PROCESS IS GONNA BE JUST LIKE THE ECONOMIC DEVELOPMENT GRANTS.
WELL, WE'LL GO THROUGH THE COMMITTEE, INTERNAL COMMITTEE, WE'LL HAVE SOME ANALYSIS, OUTSIDE ANALYSIS, AND THEN WE'LL BRIEF YOU AND THEN ON COME BACK TO COUNCIL MEETINGS, THERE IS SOME NEXT STEPS.
SOME OF THAT IS PILOT, PILOT, UM, PROGRAM FUNDED, AND SOME LIMITING THE GRANTS TO ABOUT 10% OF THE TOTAL SPEND.
'CAUSE GENERALLY THAT'S WHAT WE'VE BEEN DOING ALL ALONG.
UM, AND WE FEEL LIKE IT'S A GOOD PLACE TO STAY AND OF COURSE, A, A DRAFT POLICY FOR YOU ALL TO SEE HOW THE MECHANICS OF THIS WHOLE THING WOULD WORK.
ALRIGHT, WELL, I, I THINK IF YOU'LL, UH, CONSIDER A PILOT PROGRAM AND MAYBE THE NEXT MEETING OR THE MEETING AFTER THAT, UH, LET US KNOW HOW THAT PROCESS WOULD WORK AND HOW THAT PILOT PROGRAM WOULD WORK.
I THINK THAT WOULD BE A, A GOOD NEXT STEP THAT WILL WORK ON THAT.
WE CAN BRING BACK A DRAFT POLICY AND A, A COUPLE OF THOSE FOR COUNCIL TO LOOK AT AND SEE HOW THIS MIGHT BE APPLIED.
IT'S A SPECIAL TAX REFINANCING REINVESTMENT ZONE NUMBER FIVE, RIGHT? TAX INCREMENT REINVESTMENT ZONE NUMBER FIVE IS A POTENTIAL TOURS IN, IN AND AROUND THE FORMER E D S CAMPUS.
UM, AND I WANTED TO TALK TO YOU A LITTLE BIT ABOUT, AND TO REMIND YOU THAT WHAT A TOURS IS, OBVIOUSLY, I THINK YOU ALL KNOW, BUT THIS IS REALLY JUST TO MAKE SURE THAT EVERYBODY UNDERSTANDS THIS IS A SPECIAL ZONE.
IT JUST, UM, SHIFT SOME REVENUE INTO A SPECIAL FUND TO BE SPENT WITHIN THAT ZONE.
WE ALREADY HAVE THREE OF THEM.
UM, DOWNTOWN SILVER LINE AND COLIN CREEK, AGAIN, WE'RE TALKING ABOUT AN INCREMENT FINANCING.
SO THAT INCREMENT IS SHOWN HERE ON THIS GRAPH IN BLUE.
UM, IT IS FOR A SET PERIOD OF TIME, AND THEN IT ALL GOES BACK INTO THE GENERAL FUND, BUT IT REALLY ISN'T ANY OF IT.
SO WE ALWAYS COLLECT THE SAME AMOUNT WE COLLECT TODAY.
IT'S JUST A SLICE OFF THE TOP.
UM, AS WE MOVE FORWARD IN TIME, UM, THERE'S A PROPOSAL BY THE DEVELOPER OF THE E D S CAMPUS, UM, TO, UH, USE THIS TO MONEY TO HELP FUND THIS WHOLE IDEA OF CHANGING THAT EMPTY CAMPUS INTO A BIOMEDICAL RESEARCH.
UM, AND IT, AGAIN, IT WOULD, UH, IT'S A, THIS WOULD PROVIDE A DEDICATED FUND OVER YEARS TO DO JUST THAT.
UM, IT ALSO COULD, UM, IN ALSO INCENTIVIZE, UM, SORRY, FUND PUBLIC IMPROVEMENTS, UM, NECESSARY TO SUPPORT THAT NEW, UH, DEVELOPMENT.
WELL, OR THE, THE NEW GROWTH I SHOULD SAY.
UM, THE PROJECTIONS FROM THAT PROJECT ARE ABOUT 30,000 WORKERS.
SO, UM, WE FEEL THAT, I'M PRETTY SURE WE'RE OKAY WITH THE TRAFFIC AS IT IS, UM, THE CAPACITIES.
BUT JUST IN CASE THIS WOULD DO THAT, THIS COULD ALSO FUND THINGS LIKE A, A LIFT STATION OR ANY OTHER THING THAT WE NEED TO SUPPORT THAT.
OR ONE OF THE PART OF THE PROPOSAL IS A HOSPITAL.
IT COULD GO TO PAY FOR THAT AS WELL.
THEY'RE PROPOSING 25 YEARS AND 65%.
UM, WE WILL GET INTO THAT INCENTIVE AT A LATER DATE.
THIS IS REALLY ABOUT ESTABLISHING A TOURS TODAY.
IT'S TALKING ABOUT ESTABLISHING A TOURS, UM, SO THAT YOU GET A FEEL FOR THAT AND CAN ASK QUESTIONS ABOUT, UM, WHAT KIND OF A TOURS WE WANNA DO.
WHAT WE FEEL ARE THREE OPTIONS FOR THE SIZE OF THE TERMS. THIS IS THE BIGGEST ONE.
UM, THE NUMBER YOU SEE, THE 314 MILLION IS THAT INCREMENT FOR, SO 65% OF THE GROWTH FOR 25 YEARS EQUALS 314.
THIS IS A RATHER LARGE ONE, WHICH WOULD BE ALL ENCOMPASSING.
UM, THIS ALSO ENCOMPASSED SOME, SEVERAL OF THE LEGACY WITH A LITTLE L UM, CAMPUSES THAT ARE, UM, NOT DOING SO WELL AND WANTING TO REDEVELOP THIS COULD MONEY COULD HELP WITH THAT AS WELL.
THE SECOND ZONE IS A LITTLE BIT SMALLER AND MORE FOCUSED ON E DFS.
THAT WOULD, THE INCREMENT THERE WOULD BE 264,000.
I HAVE A SLIDE AT THE END WITH A TOTAL, SO, BUT DOESN'T WANNA GIVE YOU THAT IDEA THAT THIS
[00:45:01]
IS, THAT, UM, THAT IS THE INCREMENT FOR THAT ONE.SO YOU CAN SEE IT'S ABOUT 50,000, 70, $70,000, 70 MILLION LESS.
SORRY, I'M GETTING MY ZEROS MIXED UP.
AND THEN THIS IS JUST THE PROJECT ITSELF, UM, WHICH IS 230 MILLION.
SO YOU CAN SEE THAT THE GROWTH WITHIN EVEN ANY OF THESE IS ALL PEGGED TO THE REDO OF THIS CAMPUS.
THOSE EMPTY LOTS YOU SEE WITHIN THOSE BOUNDARY ARE ALL AG EXEMPTS.
AND SO THAT'S KIND OF WHERE YOU'RE SEEING A LOT OF THE REAL GROWTH HAPPEN.
SO THE FIRST ONE WAS 314, IF I REMEMBER RIGHT.
SO 230 OF THAT IS THIS GROWTH.
SO IT'S ALL THE SAME NUMBERS, JUST DIFFERENT AREAS.
UM, SO SUMMARIZING, I THINK YOU CAN SEE THAT, UM, AGAIN, YOU CAN SEE THE DIFFERENCES.
UM, THE GENERAL FUND STILL GETS GROWTH, JUST SOME OF IT GETS, UH, PUT INTO THIS FUND.
UM, THE DIFFERENCE BETWEEN THAT ONE AND TWO, THOSE ARE THE LARGER AND THE MEDIUM SIZED ONE IS, UH, 50,000.
UM, GOING INTO THE TOURIST FUND WITH 27 MILLION GOING INTO THE, UH, GENERAL FUND.
UM, YOU DON'T THE TOURIST NUMBER.
THE THIRD ALTERNATIVE IS, UM, ONE THAT IS JUST FOR THAT DEVELOPER.
UM, IT DOES NOT ENCOMPASS ANYTHING POTENTIALLY THAT WE MIGHT NEED TO HELP FUND.
IT ALSO WOULD PROBABLY, UM, IT GOES AGAINST SOME OF THE COUNTY.
THE COUNTY'S CONSIDERING JOINING.
IT WOULD, IT WOULD PRECLUDE THEM BECAUSE IT'S AGAINST THEIR POLICY JUST TO DO IT FROM ONE DEVELOPER.
SO, UM, I DON'T NECESSARILY, I DON'T KNOW THAT WE HAVE A RECOMMENDATION BETWEEN ONE AND TWO, PROBABLY ONE, BUT, UM, EITHER ONE WOULD BE FINE, I THINK.
UH, BUT YOU CAN SEE THE DIFFERENCES.
WELL, THERE'S GREAT IN NUMBERS FOR ME,
RIGHT? AND SO PETER, BETWEEN ONE AND TWO FOR CLARIFICATION, UM, OPTION NUMBER TWO, WHICH IS THE SMALLER OF THE, THE, THE TWO PARCELS, BUT INCLUDES MORE THAN JUST THE, THE PROJECT.
IT ITSELF, IF THERE WERE TO BE ROADS, LIFT STATIONS, OTHER ELEMENTS NEEDED IN THAT AREA, YOU WOULD NEED A A, A BOUNDARY THAT SIZE IN ORDER TO BE ABLE TO INCLUDE THOSE.
BECAUSE AGAIN, THE, THE TIF FUNDS CAN ONLY BE SPENT IN THE TIF ZONE.
UH, THAT THEY CAN BE SPENT VERY SPARINGLY OUTSIDE THE ZONE.
IF IT'S REALLY, IF SAY THE LIFT STATION HAD TO BE ACROSS THE STREET, YOU COULD INCLUDE IT BECAUSE IT'S FOR THE ZONE, RIGHT? THAT'S THE, THERE'S A SMALL CAVEAT TO THAT, BUT IT'S VERY, VERY SPECIFIC.
WE WOULD NEED PAGES' INTERPRETATION DIRECTION ON WHICH ONE.
SO I, IF I COULD JUST GET SOME DIRECTION ON ONE, TWO, OR THREE, UM, I THINK THAT WOULD HELP THEM HAVE SOME GUIDANCE.
UH, I THINK, I THINK THAT HELPS, UM, THOSE OPPORTUNITIES RIGHT, RIGHT CLOSE TO IT.
CASEY, I KNOW, I KNOW YOU WEIGHED IN ON THIS LAST TIME.
BUT I'D LIKE TO UNDERSTAND MORE ABOUT THE COUNTY'S CONSIDERATION WITH, UH, TWO VERSUS THREE.
YEAH, WHEN WE DID THE PREVIOUS ONE, WHEN WE SET UP NUMBER FOUR, THEY MADE IT VERY CLEAR THAT THEIR POLICY IS VERY SPECIFIC WHEN IT COMES TO THEM, WHICH IS, UH, A YEAR AND A INCREMENT, WHICH WE CAN WORK WITH.
UM, BUT THE ZONE ITSELF NEEDS TO BENEFIT MORE THAN JUST ONE DEVELOPER.
AND THE FOCUS IS REALLY ON ROADS AS A PRIMARY? THAT IS CORRECT.
I GUESS UNDER THOSE CIRCUMSTANCES I'D BE OKAY WITH TWO COUNCIL MEMBER.
SO THE NEXT STEP YOU'LL SEE A RESOLUTION TO CALL A PUBLIC HEARING, UM, TO DO THIS.
AND THEN WE'LL DO THE PUBLIC HEARING WITH NOTICE, UM, AT AN WHATEVER THAT DATE ENDS UP TO BE.
NEXT ITEM IS, UH, CONSENT AND REGULAR AGENDAS.
IS THERE ANY ITEM, UH, COUNCILPERSON WOULD LIKE TO REMOVE? THE UH, ITEMS FOR DISCUSSION ARE FUTURE AGENDAS.
ALRIGHT, WE WILL TAKE A RECESS AND WE WILL RETURN AT SEVEN O'CLOCK.