[PRELIMINARY OPEN MEETING]
[00:00:03]
I NOW DECLARE, THE PLANO CITY COUNCIL HAS CONVENED AN OPEN SESSION THAT ALL COUNCIL MEMBERS ARE PRESENT, WITH THE EXCEPTION OF MAYOR PRO TEM TU AND COUNCIL MEMBER RICCIARDELLI AND COUNCIL MEMBER RICK SMITH WILL BE ON ZOOM.
THE COUNCIL WILL NOW RECESS INTO EXECUTIVE SESSION IN THE CHILDREN'S PROGRAM ROOM TO HOLD A CLOSED EXECUTIVE MEETING PURSUANT TO THE PROVISIONS OF VERNON'S TEXAS CODE ANNOTATED GOVERNMENT CODE, CHAPTER 551.
SECTION 551087 TO DISCUSS ECONOMIC DEVELOPMENT.
I NOW DECLARE THE PLANO CITY COUNCIL PRELIMINARY OPEN MEETING IS RECONVENED IN OPEN SESSION THAT ALL COUNCIL MEMBERS ARE PRESENT, WITH THE EXCEPTION OF MAYOR PRO TEM TU AND COUNCIL MEMBER SMITH IS ON ZOOM.
CAN YOU HEAR US? OKAY, WE GOT TECHNOLOGY WORKING.
OUR NEXT ITEM IS DISCUSSION AND DIRECTION REGARDING THE PLANO EVENT CENTER.
GOOD EVENING, MAYOR AND COUNCIL.
PETER BRASSEUR, DIRECTOR OF SPECIAL PROJECTS.
I WANTED THIS SUMMER, WE HAD SOME DID NOT HAVE ENOUGH MOVEMENT ON A HOTEL AT THE PLANO CENTER, SO WE UNDERTOOK A STUDY TO SEE WHAT TO SET OUR EXPECTATIONS ON WHAT A PLANO CENTER HOTEL SHOULD LOOK LIKE OR COULD LOOK LIKE.
AND IN ADDITION TO THAT, WE LOOKED ABOUT THE RETAIL.
ONE OF THE GREAT THINGS ABOUT THE STUDY DONE BY HUNDEN WAS THAT THEY WENT OUT TO THE COMMUNITY AND CLIENTS OF THE PLANO CENTER AND REALLY BASED THEIR REPORT ON REAL TIME ANALYSIS OF WHAT THE MARKET DEMAND IS, BUT A LITTLE BIT OF HISTORY.
OF COURSE, THE PLANO CENTER OPENED IN 1990.
WE DID A HOTEL RFP ALREADY ONCE IN 2018.
WE DID A GROUND LEASE IN 2020.
SORRY. TOO FAST OH POINT PLAN, WHICH IS THIS IS PART OF WAS ADOPTED IN 2018.
WITH THAT IN MIND, THE PLANNING DEPARTMENT UNDERTOOK A REZONING THAT WAS DONE IN 2021.
A SINGLE FAMILY, AND THEN OF COURSE, A HOTEL.
FIRST OF ALL, IF THE THEY REALLY REALIZE THAT THE HOTEL THAT WE HAD UNDER, NOT UNDER CONTRACT, BUT UNDER THE GROUND LEASE WAS 175 ROOMS. WE REALLY NEED A LOT MORE THAN THAT.
THEY REALLY ARE CONCERNED ABOUT THE BRAND.
AND SO THESE ARE THEIR RECOMMENDATIONS.
AND YOU'LL SEE AN OPTIMAL SCENARIO.
BUT ONE OF THE OTHER THINGS WE HAD THEM LOOK AT IS THE RETAIL AND RESTAURANT ON ON THAT SITE.
AND SO YOU CAN SEE THERE'S A LOT LESS RETAIL THAN IS CURRENTLY ZONED.
SO IT WOULD BE A BIT OF A DOWN ZONING TO ACCEPT THIS.
BUT IT REALLY IS BASED ON CURRENT MARKET CONDITIONS.
AND QUITE FRANKLY, PROBABLY FOR THE NOT TOO FOR THE NEAR FUTURE INVOLVES A LITTLE BIT BEYOND THAT.
AGAIN, SOME GREEN PLACE AND PLAZA SPACE.
SO ALL IN ALL, PERSONALLY, I'M HAPPY WITH THESE RECOMMENDATIONS AND I THINK IT IS ACHIEVABLE.
IF WE WERE TO DO THAT AND THEN THIS SINGLE FAMILY LAND THAT WAS NOT PART OF THEIR STUDY, BUT IN CONJUNCTION WITH IT, WE HAD AN APPRAISAL DONE FOR THAT LAND ON THE WESTERN SIDE OF THE PLANO CENTER, AND IT IS VALUED AT 3.4 MILLION.
IT IS BASED ON THE CURRENT ZONING.
SO THAT'S 17 UNITS PER ACRE OR I JUST DID THE MATH.
I DON'T KNOW IF THAT'S ACTUALLY THE YIELD, BUT SOMETHING SIMILAR TO THAT.
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SO WE HAVE SOME DIRECTIONS WE NEED TO ASK YOU TONIGHT ON THE HOTEL AND SORT OF ARE WE PREPARED TO GET THE OPTIMAL OR ARE WE OKAY WITH ACCEPTING SOMETHING A LITTLE LESS THAN CERTAINLY THE MARKET.AND AS WE IF WE WERE TO GO OUT, WHICH IS THE NEXT QUESTION WE THEY WILL LET US KNOW WHAT WE THINK WE CAN ACHIEVE WITH WHAT WE WERE, WHAT WE HAD PREVIOUSLY DONE, OR WHAT WE NEED TO ADD TO THAT.
AND THEN ARE WE PREPARED AGAIN TO ACCEPT A SMALLER HOTEL THAN WHAT'S IN THIS STUDY, IF THAT'S WHAT THE ECONOMICS TELL US ON THE RETAIL? IT'S AGAIN, ARE WE WILLING TO TAKE LESS DENSITY WITH THE OFFICE AND RETAIL FOR AT LEAST THE FIRST PHASE OF DEVELOPMENT? AND ARE YOU OKAY WITH A REQUEST FOR QUALIFICATIONS TO FIND THAT RETAIL PERSON? I DON'T BELIEVE THAT A HOTEL PERSON AND A RETAIL PERSON WOULD BE ONE AND THE SAME.
AND THEN AGAIN, ON THE SINGLE FAMILY LAND, ARE YOU? IT WOULD NEED TO BE A PHASED SALE BECAUSE WE NEED SOME OF THIS LAND RIGHT NOW FOR PARKING.
BUT ALL IN ALL, ARE YOU READY TO TO DO THAT? AND WE AGAIN WE WOULD ON THAT PARTICULAR ONE WE WOULD DO A STRAIGHT SALE.
THE OTHER TWO ARE GROUND LEASES.
SO WITH THAT, I'M HAPPY TO ASK ANY QUESTIONS OR ANYTHING ELSE YOU HAVE TO SAY.
SO I WOULD BE AN ADVOCATE FOR DOING THIS RIGHT THAN JUST DOING SOMETHING TO FILL IT FOR THE TIME BEING SO THAT WE CAN MAKE THE AREA AND PLANO EVENT CENTER WHAT WE REALLY ENVISION. GO AHEAD.
I'D SUPPORT AN RFQ. THAT MEANS.
I'M SORRY. GO AHEAD. JUST A QUICK QUESTION, PETER.
WHEN YOU TALKED ABOUT ADDITIONAL FINANCIAL PARTICIPATION TO MAKE THIS SOMETHING THAT'S IN LINE WITH THE CONSULTANT'S REPORT, WOULD THAT BE HOTEL OCCUPANCY TAX OR HOW WOULD THAT BE FUNDED? GOOD QUESTION.
THERE'S LOTS OF THEY ACTUALLY RECOMMENDED LOTS OF THINGS.
BUT THE AMOUNT I BELIEVE IN THE REPORT IS SOMEWHERE CLOSE TO 60 MILLION.
I JUST DON'T SEE THAT IN OUR FUTURE.
BUT, YOU KNOW, I DON'T HAVE TO DEAL WITH THE BUDGET AS MUCH AS YOU PEOPLE.
WELL, BUT I WAS JUST WONDERING, IN TERMS OF SOURCE OF FUNDS.
SOURCE OF FUND, I DON'T I THINK SOME OF IT WOULD BE BECAUSE HOTELS, BUT IT'S VERY THEIR USES ARE VERY SPECIFIC WHEN IT COMES TO I THINK IT'S MOSTLY MARKETING, ISN'T IT? AND SO.
PROBABLY NOT. BUT YOU COULD DO BONDS AND SHARES AND TIPS AND ALL THOSE KIND OF THINGS.
SO YEAH, THERE'S A WHOLE LIST OF THINGS ON HOW TO DO IT IN THE REPORT.
OKAY. GOTCHA. WELL, REAL QUICK, COUNCILMAN, I THINK PART OF THE PART OF THE GOAL IS TO BRING ON THE CONSULTANTS SO THAT THEY CAN ACTUALLY BRING A MENU OF OPTIONS FOR COUNCIL TO CONSIDER. AND WE ARE LOOKING AT THAT.
WHICH WAY WE WANT TO GO TO FRAME THIS AS WE GO OUT IS PART OF THE GOAL OF THIS.
IF WE FIND IT SORRY TO ADD ON TO MR. ISRAELSON, WE WOULD FIND A QUALIFIED DEVELOPER, SOMEONE WHO'S WILLING AT LEAST TO LOOK AT THE AND SUGGEST WAYS OF HOW WHAT THEY CAN AND CANNOT DO WITH THEIR OWN FINANCING MECHANISMS. THANK YOU. THANK YOU, PETER, FOR THE PRESENTATION.
I WAS AWARE OF THE HOTEL BACK WHEN I WAS ON PARKS AND REC, AND WHAT WAS SOLD DURING ENVISION OAK POINT WAS A CONCEPT THAT WAS SIMILAR TO THE HOTEL BLUE IN CHICAGO, WHICH, IF YOU'RE NOT FAMILIAR WITH, IS AN ARCHITECTURALLY FANTASTIC HOTEL.
SO I'M A SIMILAR MIND AS COUNCILMAN WILLIAMS IN THAT I DON'T WANT TO SHORT SHEET THE CITY OF PLANO WITH GOING SOMETHING OF A LESSER QUALITY.
IF IT MEANS A SMALLER, MORE BOUTIQUE HOTEL, MAYBE THAT MIGHT WORK.
BUT AGAIN, I DON'T WANT TO SEE ANY OF THE HOTELS MOTELS WE SEE ALONG CENTRAL EXPRESSWAY PLACE THERE, BECAUSE I THINK THAT WOULD BE UNFAIR TO THE RESIDENTS THAT ARE GOING TO BE IN THE SINGLE FAMILY AREAS.
AND I ALSO THINK THAT IT'S NOT WHAT WE ENVISIONED WHEN WE SAW ENVISION OAK POINT.
SO I THINK THE RFQ IS PROBABLY THE ROUTE TO GO.
AND THAT WAS CLEAR NOT JUST FROM THEM, BUT FROM THE CLIENTS OF THE PLANO CENTER.
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SO IT'S CLEAR THAT THAT IS THE DIRECTION WE SHOULD GO.IT'S GOING TO BE TRICKY TO GET THAT WITHIN OUR RFQ, BUT I THINK WE CAN DO IT.
AND SO THAT'S NOT WHAT WE HAD.
AND SO YEAH I 100% THE REPORT SUPPORTS WHAT YOU'RE SAYING.
THANK YOU. YEAH I AGREE PETER I THINK TALKING WITH A LOT OF CLIENTS WHO LOVE COMING TO THE PLANO CENTER BUT NEED A MULTI-DAY OR MUCH LARGER CONVENTION.
AND THAT HOTEL IS CRITICAL TO ADDING THAT PART THAT WE REALLY DON'T HAVE.
WE HAVEN'T CAPTURED BECAUSE WE DON'T HAVE A HOTEL.
SO I THINK THE QUALITY ASPECT OF IT IS REALLY IMPORTANT.
AND AGAIN, THE, THE, THE SPORTS ASPECT OF, OF THAT HOTEL BEING CLOSE BY TOURNAMENTS AND THINGS LIKE THAT IS ALSO A BIG PLAYER. SO I DON'T THINK WE CAN LOSE EITHER WAY.
BUT I THINK WE SHOULD GO OKAY WITH THE.
SO I'M NOT NECESSARILY CONCERNED ABOUT THE NUMBER OF ROOMS BUT THE QUALITY OF THE HOTEL.
SO. SO THEN ARE YOU OKAY WITH GOING OUT AT THE SAME TIME FOR AN RFQ TO GROUND LEASE SOME RETAIL AT A LOWER SCALE THAT'S RECOMMENDED THAN IN THE ZONING CODE.
GOOD JOB PETER. BUT I THINK DEFINITELY AT THIS POINT, EVERYBODY'S PUTTING A LOT OF WORK ON THIS.
THERE'S NO REASON THAT WE SHOULDN'T DO A REQUEST, YOU KNOW, FOR DEVELOPMENT IDEAS.
AND PEOPLE LOOK AT THAT WHEN THEY'RE, YOU KNOW, MAKING PLANS.
SO, SO I'M, I'M ALL FOR, YOU KNOW, EXPLORING IT AND LET'S SEE WHAT KIND OF RESULTS WE GET FROM IT.
AND THEN JUST ONE LASTLY, THE SINGLE FAMILY.
I MEAN, I THINK WE COULD SELL IT TOMORROW, QUITE FRANKLY, FOR SINGLE FAMILY, BUT THAT'S UP TO YOU.
SINGLE FAMILY IS GREAT, PETER, GO AFTER IT.
NO, I DON'T SEE WHY WE SHOULD.
SO I DO THINK I DO THINK THAT MARKET'S THERE.
WE'LL GO FORWARD THEN PURSUE IT.
THANK YOU. 17 UNITS PER ACRE RIGHT.
UPDATE REGARDING THE REMAINING HERITAGE PRESERVATION GRANT FUNDS.
NO, NO, I'M JUST MOVING ALONG TOO FAST.
THE ITEM THREE, 2025 BOND REFERENDUM PROCESS AND PROJECT LIST PRESENTATION.
KAREN RHODES WHITLEY, BUDGET DIRECTOR, CITY OF PLANO.
TONIGHT. AND THIS WILL, THIS IS BASICALLY YOUR KICKOFF FOR THE BOND REFERENDUM PROCESS.
WE WILL BE MEETING EVERY CITY COUNCIL MEETING ALL THE WAY UP TO FEBRUARY 10TH.
WHEN YOU SIGN OFF ON THE ACTUAL PROJECTS AND CALL FOR THE ELECTION.
EACH CITY COUNCIL MEETING, YOU WILL HEAR FROM STREETS AND ALL THE DETAILS REGARDING THEIR PROCESS.
YOU'RE GOING TO HEAR FROM ALL OF US.
SO THE CITY OF PLANO IS ON A FOUR YEAR CYCLE FOR BOND AUTHORITY.
THE CITY IS SCHEDULED TO EXHAUST OUR AUTHORITY FOR OUR STREETS PROJECTS IN THE SPRING.
WITH THAT BEING SAID, DEBT MAY BE ISSUED OVER A 4 TO 5 YEAR PERIOD.
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20 YEARS OR MORE.THE AUTHORITY IS BY THE CITIZENS THROUGH THE REFERENDUM PROCESS.
HOWEVER, Y'ALL MAKE THE DECISION EVERY YEAR.
WHAT PROJECTS WILL BE BUILT? SO WE ARE ONLY BOND.
REFERENDUMS ARE ONLY PROVIDING THE AUTHORIZATION TO GO OUT AND ISSUE THE DEBT.
AS FAR AS THE CITY IS CONCERNED, WE CAN ONLY EDUCATE.
WE CANNOT ADVOCATE FOR THE PASSAGE OF ANY OF THE PROJECTS.
THE ELECTION IS SCHEDULED FOR MAY 3RD, 2025.
IT MIGHT HAVE BEEN SEVERAL OF Y'ALL.
SO WE'VE BEEN DOING SITE VISITS WITH THEM AND THEY HAVE BEEN VERY, VERY APPRECIATIVE.
THIS LAST FRIDAY, WE WENT TO THE POLICE HEADQUARTERS.
THEY WERE VERY, VERY APPRECIATIVE OF THE SITE VISITS.
THIS IS JUST A LOOK AT THE PAST 20 YEARS.
WE'VE ALWAYS BEEN VERY SUCCESSFUL WITH OUR BOND REFERENDUMS. THERE'S ONLY BEEN TWO THAT HAVE NOT GONE THROUGH OVER THE LAST SEVERAL YEARS.
WE HAVE OUTSTANDING CURRENT AUTHORITY.
THIS IS FROM THE 2021 BOND REFERENDUM.
WE HAVE THE ORIGINAL AUTHORITY WAS 364 MILLION.
WE'VE ISSUED TO DATE 232 MILLION.
NEXT YEAR IN THE SPRING, WE WILL FINALIZE THE STREET IMPROVEMENTS OF 59 MILLION.
RIGHT NOW IN THE BUDGET WE DO HAVE THAT WE WILL BE ISSUING AN $85 MILLION BOND SALE IN THE SPRING.
AND THAT WAS DURING THE GREAT ECONOMIC RECESSION.
IF THAT OCCURS OVER THE NEXT 4 OR 5 YEARS, THAT'LL BE GREAT.
OF COURSE, WE'RE IN DIFFERENT TIMES.
BACK THEN WE WERE GROWING, A GROWING CITY.
IN JULY, Y'ALL APPOINTED THE BOND REFERENDUM CITIZEN ADVISORY COMMITTEE.
THEY WILL PROVIDE A WRITTEN RECOMMENDATION TO Y'ALL THAT YOU WILL RECEIVE AT THE END OF DECEMBER.
TONIGHT, OF COURSE IS THE KICKOFF ON ALL THIS.
NOVEMBER 25TH, WE WILL HAVE OUR FIRST PUBLIC HEARING FOR CITIZEN INPUT.
DECEMBER 17TH, YOU WILL HEAR FROM STREETS.
JANUARY 13TH WE GO INTO THE NEW YEAR.
THIS IS WHEN Y'ALL WILL START DISCUSSIONS.
YOU WILL HAVE ALL THE RECOMMENDATIONS.
WE WILL HAVE A THIRD PUBLIC HEARING JANUARY 27TH.
THE CITY COUNCIL IS SCHEDULED TO AGREE ON ALL THE PROPOSITIONS TO BE SUBMITTED AND THEN FEBRUARY 10TH YOU WILL CONSIDER THE ORDINANCE TO CALL THE ELECTION. FEBRUARY AND MARCH, WE HAVE VOTER EDUCATIONAL MATERIAL THAT'S DEVELOPED.
WE HAVE A WHOLE BUNCH OF PRESENTATIONS WHERE WE GET THE WORD OUT TO CITIZENS.
APRIL 10TH, WE WILL HAVE A DIGITAL TOWN HALL MEETING.
WE MUST PUBLISH NOTICES FOR THE ELECTION APRIL 1ST THROUGH 18TH.
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OF MAY 3RD.NOW I'M GOING TO START GOING THROUGH THE INITIAL PROJECTS.
I KNOW I'VE MENTIONED TO THIS BEFORE WE STARTED.
THE INITIAL LIST STARTED AT $1.6 MILLION, OR $1.6 BILLION, SORRY, AND IT GOT DOWN TO 700.
RIGHT NOW, THESE ARE JUST THE INITIAL PROJECTS.
THE POLICE HEADQUARTERS PSC MOVE MOVEMENT OF THEM OUT TO THE CORNER OF ALMA AND PARK BOULEVARD, OFF THE HALL TRACK.
WE ALSO HAVE IN HERE TO ADD A FIRE STATION 14.
FIRE STATION EIGHT NEEDS TO BE REMODELED.
WE PRELIMINARILY WENT OUT FOR SOME AMOUNT FOR THAT IN THE LAST.
WE'VE ALREADY GONE THROUGH THAT AND WE NEED MORE FIRE STATION THREE LAND ACQUISITION AND DESIGN.
SO THE TOTAL ON PUBLIC SAFETY RIGHT NOW IS $219.9 MILLION.
NOW I'M GOING TO BRING UP CHIEF DRAIN.
THIS LIST, IT'S AN EVER CHANGING LIST.
WE HAD A MEETING WITH THE CITY OF RICHARDSON REGARDING THE POLICE TRAINING CENTER RENOVATIONS.
SO WHEN WE MET WITH THEM, THEY SAID, HEY, WHY ARE YOU DOING A RENOVATION? WHY ARE WE NOT LOOKING FOR A COMPLETE REBUILD? SO I'M GOING TO HAVE THE CHIEF DISCUSS THAT WITH YOU.
BUT OUR RANGE WAS OPENED IN 1990.
IT WAS IT WAS FINISHED IN 1990, OCCUPIED ABOUT 1991.
SO IT'S A PRETTY OLD FACILITY, OVER 30 YEARS OLD.
AND RICHARDSON DID AT THAT TIME BRING UP, HEY, DID YOU GUYS LOOK AT DOING A REBUILD.
AND WE GOT PLANS FROM THE ARCHITECT TO DO THAT.
IT WASN'T TIME TO SUBMIT THAT YET.
WHEN WE GET CLOSER, WE'LL DEEP, DIVE INTO THOSE AND TAKE A LOOK.
BUT AS WE GOT CLOSER, OUR RICHARDSON SUBMITTED SOME THINGS TO THEIR GUYS AND THEY SAID WE THINK WE CAN ACTUALLY REBUILD ON THE DRIVING PAD THAT CAME UP IN THE MEETING THAT KAREN AND I WERE TALKING ABOUT.
AND IT WAS A BEAT DOWN FOR US, QUITE FRANKLY.
WE HAD TO MOVE PEOPLE, WE HAD TO DO A LOT OF THINGS.
AND I SUSPECT SIMILAR THINGS ARE GOING TO COME UP WITH THE ACADEMY.
I AM CONVINCED THAT WE CAN MOVE THE TRACK AND THAT WE CAN DO SO.
SO I JUST WANT I THOUGHT THAT BECAUSE WE'RE RAISING THOSE NUMBERS.
I THOUGHT THAT WE OWE YOU AN EXPLANATION AS TO WHY THAT WE'RE DOING THAT.
ANY QUESTIONS RELATED TO THAT? SO, MAYOR AND COUNCIL, I'LL JUST ADD IN THAT IN TALKING WITH OUR FACILITIES FOLKS AND JACK CARR TODAY RIGHT NOW THEY'RE STILL WORKING THROUGH WHAT THE ESTIMATED NUMBERS WOULD LOOK LIKE.
RIGHT NOW, THE NUMBER WOULD RAISE FROM 27 MILLION TO 51 MILLION, AND THEY WOULD TRY TO COME IN UNDERNEATH THAT, AS IS THE ASSURANCES I'VE GOT, IS THAT WE WILL ONLY SPEND WHAT WE NEED TO ACHIEVE THE MISSION.
BUT IT LOOKS LIKE THE HIGH END CAP WOULD BE 51 MILLION.
SO IT WOULD BE RAISING THESE NUMBERS HERE.
OBVIOUSLY BY THAT $24 MILLION.
SO INSTEAD OF 219, IT WOULD BE CLOSER TO $245 MILLION FOR PUBLIC SAFETY.
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USE OF THE DOLLARS. AND IF WE GO THROUGH AND WE MAKE A RENOVATION AND WE SPRUCE UP A BUILDING, THAT DOESN'T WORK VERY WELL FOR US, IT BECOMES A CHALLENGE LONG TERM.BUT I ALWAYS WANT TO MAKE SURE THAT WE'RE POINTING OUT THAT IF WE ARE CHANGING THE NUMBERS FOR THAT ONE PARTICULAR AREA THAT WE BRING BACK AND WE'RE TRANSPARENT EXACTLY WHERE IT IS, AND THEN IT'S UP TO THE COUNCIL TO DECIDE WHETHER, YOU KNOW, THIS IS THE RIGHT BOND REFERENDUM TO BRING THIS FORWARD.
AND IF THIS IS THE RIGHT PROJECT.
AND IN FACT, EVEN THOUGH THAT'S A HEFTY PRICE TAG, ROUGHLY 250 MILLION IN ALL.
BUT IF WE ARE GOING TO, I HAVE TO SAY THIS, IF WE'RE GOING TO BUILD THE TRAINING FACILITY, I'D ASK THAT WE DON'T BUILD IT ON AN OLD BURIAL GROUND BECAUSE I SAW POLTERGEIST, AND THAT WOULD BE A SIGNIFICANT DISRUPTION TO OPERATIONS.
WE WILL, WE'LL MAKE SURE THAT WE AVOID THE POLTERGEIST SITUATION.
WE WILL CHANGE FROM A RENOVATION AND EXPANSION TO A REBUILD.
AGAIN, THEY DID A TOUR OF THIS, BUT WE WANTED TO MAKE SURE THAT AS SOON AS WE HAD KIND OF THAT MAX NUMBER THAT WE BROUGHT IT BACK TO, YOU GOT YOUR FEEDBACK AND INPUT ON THAT, AND YOU FELT COMFORTABLE WITH MAKING THAT SWITCH.
AND IF YOU'RE COMFORTABLE WITH THAT, WE WILL MAKE THAT SWITCH AND LET THEM CONTINUE THEIR WORK.
YEAH. AND WE DID TAKE THE BRAC COMMITTEE.
WE SHOWED THEM THE ACADEMY ON FRIDAY.
AS KAREN MENTIONED, OF COURSE THEY REPORT TO YOU, NOT TO ME.
BUT THE CONSENSUS WAS, I GATHERED THAT THEY THINK THAT WE SHOULD GO WITH THE NEW BUILD AS WELL.
ANTHONY, WERE YOU GOING TO PRESENT ONE HERE? YEAH, I'M PRESENTING MORE.
MUNICIPAL FACILITIES TOTALS $58 MILLION.
IT INCLUDES AN EXPANSION OF PARKWAY SERVICE CENTER AND THE FLEET.
WE ALSO BROUGHT THE BOND REFERENDUM COMMITTEE OVER THERE FOR A SITE VISIT.
IN ADDITION, IT'S SOME LAND ACQUISITION FOR PHASE ONE OF A NEW FACILITY MAINTENANCE FACILITY.
OURS IS. YOU WILL HEAR ALL THE DETAILS REGARDING ALL THESE SPECIFIC PROJECTS AS THEIR DATES COME ON.
BUT ANYWAY, IT IS AN OLDER, OLDER FACILITY.
THAT'S YOUR MUNICIPAL FACILITIES.
WE HAVE LIBRARY FACILITIES AND IMPROVEMENTS.
SCHIMMELPFENNIG, PARR LIBRARY, HAGGARD LIBRARY.
AND THEN THE NEXT IS FOR ALL THE PARKS AND RECREATIONAL FACILITY IMPROVEMENTS.
WE DO HAVE LAND ACQUISITIONS UP HERE AT $43 MILLION.
I KNOW THE JC PENNEY THAT MAY BE COMING IN LOWER.
SO IT COULD BE SOME OF THOSE DOLLARS COULD BE TRANSFERRED OVER FOR THE NEW TRAINING POLICE CENTER.
WE HAVE ON THE STREETS, AND THE TOTAL FOR THEM IS $342.3 MILLION.
SO WHEN EVERYTHING IS SAID AND DONE RIGHT NOW, TONIGHT, WE HAVE $700 MILLION AND WE WILL BE MAKING CHANGES AS WE GO THROUGH THE PROCESS.
SO MAYOR AND COUNCIL DOING THE MATH AGAIN, IF YOU'RE CONSIDERING WHAT WE HAVE ON OUR AGENDA WITH SOME OF THE PARK SIDE OF THINGS AS WELL AS WHAT WE'RE ADDING IN, IT WOULD BE 725 UNTIL WE START PARING DOWN SOME OF THE OTHER PROJECTS.
AND SO THAT'S WHERE IT STANDS RIGHT NOW.
SO THAT ACTUALLY SEGUES INTO THE COMMENTS I WAS GOING TO MAKE.
[00:30:03]
LARGEST PROJECTED TAX IMPACT THAT WE'VE HAD.YOU KNOW, GOING BACK TO THAT'S TRUE THIS MILLENNIUM.
AND THE ONLY ONE THAT WAS LARGER ACTUALLY CAUSED THE TAX INCREASE.
GRANTED, THAT WAS IN THE GREAT RECESSION.
SO CONDITIONS MAY OR MAY NOT BE DIFFERENT.
AND, AND ALSO JUST IN GENERAL, YOU KNOW, LOOKING FOR OPPORTUNITIES MAYBE FOR, FOR THINGS THAT COULD WAIT ANOTHER FOUR YEARS BECAUSE I THINK YOU KNOW, IT'S LIKELY THERE COULD BE A SIGNIFICANT IMPACT FROM, YOU KNOW, THE LARGEST BOND PACKAGE THAT WE'VE, THAT WE'VE EVER PROPOSED.
AND THE OTHER THING I WAS GOING TO MENTION, I DON'T KNOW IF TONIGHT IS THE, THE, THE NIGHT FOR THIS DISCUSSION OR IF THIS IS FURTHER ALONG IN THE PROCESS, BUT I THOUGHT I'D AT LEAST PREVIEW IT.
SOMETHING I BROUGHT UP FOUR YEARS AGO, KIND OF MAYBE TOO LATE IN THE PROCESS, WAS ON THE EDUCATIONAL MATERIALS WE TYPICALLY PUT THE COST OF THE PROPOSED TAX RATE INCREASE, WHICH I THINK IS A VALUABLE NUMBER FOR OUR RESIDENTS.
BUT I THINK THERE'S SOMETIMES CONFUSION THAT THAT THAT THE DOLLAR AMOUNT OF ADDITIONAL TAXES FOR THE AVERAGE HOMEOWNER ATTRIBUTABLE TO THE, YOU KNOW, IN THIS CASE, POTENTIAL 2.13 CENT TAX RATE INCREASE IS THE TOTAL COST OF THE BOND PACKAGE FOR THE AVERAGE RESIDENT, WHEN IN FACT THE TOTAL COST IS MUCH GREATER BECAUSE WE'RE ALSO REPLACING DEBT THAT AS WE PAY IT OFF.
AND SO I WOULD LOVE TO SEE ON OUR EDUCATIONAL MATERIALS THAT WE KEEP THAT NUMBER THAT WE'VE TRADITIONALLY HAD FOR THE COST OF THE PROPOSED TAX RATE INCREASE, BUT ALSO JUST THE TOTAL COST OF THE BOND PACKAGE FOR THE AVERAGE RESIDENT, SO THAT RESIDENTS KNOW AS THEY'RE VOTING ON THIS, WHAT IS THE TOTAL COST TO THEM? NOT JUST OF THE INCREASE, BUT OF THE DEBT THAT'S REPLACING OLDER DEBT.
SO BASICALLY TAKING IT IN ISOLATION AND THEN TAKING IT AS PART OF OUR BIG OVERALL FINANCIAL PACKAGE.
THAT'S RIGHT. BASICALLY, YOU KNOW, BECAUSE THE POTENTIAL 2.13 CENT PROJECTED TAX RATE INCREASE THAT'S OVER AND ABOVE THE FACT THAT WE'RE ALSO REPLACING OLD DEBT.
THAT'S, THAT'S ROLLING OFF AS WE RETIRE IT.
YEAH. AND I GOT TO TELL YOU I LOVE THAT.
BUT I WILL TELL YOU THIS BECAUSE THAT WAS MY FIRST QUESTION I ASKED WHEN THIS CAME UP.
I GO, WHERE'S THE DEBT COMING OFF.
BECAUSE NORMALLY IN YEARS PAST WE DO HAVE DEBT THAT'S ROLLING OFF.
WE DO NOT HAVE ANY DEBT ROLLING OFF DURING THIS TIME.
SO I KNOW EXACTLY WHAT YOU'RE TALKING ABOUT.
WE DO NOT HAVE ANY DURING THIS NEXT FOUR YEARS COMING OFF.
I GUESS I THOUGHT I HAD TWO QUESTIONS THAT THAT BRINGS UP A THIRD.
OKAY. IF WE DON'T HAVE DEBT ROLLING OFF WAS THERE A PERIOD OF TIME WHERE WE DIDN'T ISSUE DEBT OR HOW IS IT THAT WE HAVE A FOUR YEAR PERIOD WHERE WE DON'T HAVE ANY, ANY DEBT? WE KNOW WE ISSUE DEBT EVERY YEAR.
SO WE JUST IT'S JUST THE TIMING.
THE LAST REFERENDUM, WE HAD SEVERAL THINGS THAT WE PAID OFF DURING THAT TIME.
BUT ON THIS YEAR, THAT WAS MY FIRST QUESTION, THOUGH.
THERE'S A LOT OF THINGS THAT CAN CHANGE THE TIME PERIOD FROM WHEN WE'RE PAYING THOSE.
GOTCHA. WELL, THANK YOU FOR THAT.
YEAH. EXCUSE ME. THANK YOU FOR THAT INFORMATION.
THAT'S VERY EDUCATIONAL FOR ME.
SO THANK YOU. THANK YOU FOR THAT.
THANK YOU FOR THE GREAT PRESENTATION.
OKAY. JUST I WANTED TO BRING TO YOUR ATTENTION.
NOW. THIS TOTALS $9.9 MILLION.
THE MAJORITY, 7.1 MILLION OF THIS IS THE ADDITION OF FIRE STATION 14.
YOU CANNOT BUILD A FIRE STATION WITHOUT HIRING THE FIREMEN TO GO IN THE FIRE STATION.
SO THAT IS THE MAJORITY OF THAT, AND WE WILL BE PROVIDING MORE DETAILS AS WE GO ALONG.
OKAY. LET'S TALK ABOUT THE FINANCIAL IMPACT ASSUMPTIONS THAT WE HAVE PROVIDED FOR YOU TONIGHT.
WE HAVE BUILT IN NEW PROPERTY COMING ONLINE ON ALL FOUR YEARS OF 750 MILLION GROWTH IN OUR EXISTING TAX BASE OF THREE AND A HALF.
WE HAVE FUN INTEREST RATES WHERE WE'VE CALLED UP THE FINANCIAL ADVISORS.
WHERE DO YOU THINK THESE ARE GOING TO LAND? AND WE GOT 5% FOR 26, FOUR AND A HALF THE NEXT TWO YEARS, 4% IN 2029.
AND IF IT'S DECIDED WE'RE GOING TO ISSUE OVER FIVE YEARS, IT'S ASSUMED 3.75% IN 2030.
[00:35:07]
WE ALSO HAVE BUILT INTO THE PROJECTIONS THE O AND M THAT WOULD BE COMING ON FOR EACH OF THESE PROJECTS.AS I MENTIONED, THE MAJORITY IS THE NEW THE ADDITION OF THE FIRE STATION.
THESE ARE YOUR INTEREST RATES RIGHT NOW.
WE HAVE 700 MILLION NEW AUTHORITY THAT'S ON THE PROJECT LIST.
NOW Y'ALL WILL BE DISCUSSING ALL THIS.
THE FINAL DECISION WILL OCCUR AT THE END OF JANUARY.
ANYWAY, RIGHT NOW THIS IS WHAT WE HAVE BUILT IN, THOUGH.
OKAY. THE TAX RATE IMPACT, IF YOU ISSUE OVER A FOUR YEAR PERIOD IS 4.6 CENTS.
AND I'VE GOT SOME SLIDES TO SHOW YOU ALL HERE IN A MINUTE.
HEY NOW Y'ALL ALWAYS ASK IN ORDER TO HAVE NO TAX RATE IMPACT.
WHAT IS THE AMOUNT A NEW BOND AUTHORITY THAT COULD BE PASSED THROUGH 181 3 MILLION IF ISSUED OVER FOUR YEARS, 301 MILLION IF ISSUED OVER FIVE YEARS.
OKAY. THESE ARE YOUR ALTERNATIVE FOR YEARS SCENARIOS HERE 183.
THIS IS FOUR YEARS. YOU'RE GOING TO ISSUE ALL THE 700 MILLION OVER FOUR YEARS.
THE 183, YOU'D HAVE A ZERO TAX RATE IMPACT.
IF YOU DO 500 MILLION, YOU HAVE 2.9 CENTS, 600 MILLION, 3.75.
AND OF COURSE, 700 MILLION WOULD BE THE 4.6.
THIS IS BASED ON THE AVERAGE PLANO HOME VALUE RIGHT NOW OF $579,000.
IF WE ISSUE OVER THE FIVE YEAR PERIOD, IT TOTALLY CHANGES HERE.
YOU CAN GO OUT AND DO 301 MILLION.
IT'S 1.6 $0.08 602.4 CENTS $0.07.
AND THEN 700 MILLION WOULD BE 3.2 $0.06, OR AT THE END OF THE FIVE YEARS TAX RATE IMPACT OF $151. WHAT QUESTIONS CAN I ANSWER? YES, SIR. GIVEN THE DISCUSSION WE HAD DURING OUR BUDGET CYCLE AND TAX RATE, I'D ADDITIONALLY LIKE TO SEE WHAT WE PUBLISH TO THE PUBLIC SHOWING THE TAX IMPACT TO MULTIFAMILY RESIDENTS AND COMMERCIAL LEASERS.
I THINK OUR BUSINESSES AND OUR MULTIFAMILY RESIDENTS DESERVE TO SEE THE IMPACT TO THEM AS WELL.
THANK YOU MAYOR. JUST QUICKLY, I AGREE WITH COUNCILMAN WILLIAMS FEEDBACK, AND I ALSO WANTED TO ADD IN THAT I MAY HAVE PHRASED IT WRONG EARLIER, REFERENCING ONLY THE, THE DEBT ROLLING OFF THAT WE'VE RETIRED.
BUT WHEN I WAS SAYING THE TOTAL IMPACT.
REALLY, WHAT I MEAN IS, YOU KNOW, THERE'S A COST, EVEN AT THE ZERO TAX CHANGE LEVEL, THE 181 MILLION OVER FOUR YEARS, OR 301 MILLION, I THINK, WERE THE NUMBERS OVER FIVE YEARS.
THERE'S STILL A COST TO THAT BECAUSE OF COURSE, WE ISSUED NO, NO NEW BONDS AT ALL.
AND SO I WOULD LOVE TO SEE JUST THAT TOTAL COST, EVEN KIND OF THE PART OF THE ICEBERG THAT'S BELOW THE WATER, SO TO SPEAK, YOU KNOW, SET FORTH FOR OUR HOMEOWNERS, OUR COMMERCIAL LEASERS, OUR MULTIFAMILY LEASERS, AS COUNCILMEMBER WILLIAMS WAS ALLUDING TO.
AND BY THE WAY, I WANT TO BE CLEAR IN THAT.
I'M NOT SUGGESTING THAT NOT ISSUING BONDS WOULD BE A REALISTIC OPTION.
I MEAN, I CERTAINLY DON'T THINK WE COULD GET BY DOING THAT.
SO THE COST OF DOING NOTHING, WHAT IS THE PRICE OF DOING NOTHING IS THE BASELINE.
RIGHT, EXACTLY, THE COST OVER NO BOND ISSUANCE AT ALL.
IF WE HAD NOTHING TO IT, WHAT WOULD THE BILL BE AS COMPARED TO THAT? EXACTLY, EXACTLY.
RICK, DO YOU HAVE ANY COMMENTS? I MEAN, YOU THE TWO RICKS ARE LIAISON, SO I JUST THOUGHT YOU MIGHT.
[00:40:02]
NO, I THINK WE'RE PROCEEDING RIGHT.I LIKE YOU KNOW, ANTHONY, SHELBY'S POINT ABOUT BREAKING OUT THE COST NOT ONLY FOR RESIDENTIAL, BUT ALSO FOR COMMERCIAL BECAUSE, YOU KNOW, EVEN THOUGH MAYBE RENTAL FOLKS DON'T REALIZE, DON'T THINK THEY PAY PROPERTY TAX, BUT IT IS BUILT INTO THEIR RENTAL STRUCTURE.
SO I THINK THAT'S A GOOD IDEA.
AND IF I CAN JUST ADDRESS THE CITIZENS THAT ARE PARTICIPATING IN THE BOND REFERENDUM, CITIZENS ADVISORY COMMITTEE THEY'RE VERY ACTIVE IN ASKING SMART QUESTIONS. OH, YEAH, VERY ACTIVE IN TOURING, SO I THINK THE CITIZENS ARE GOING TO BE WELL REPRESENTED, WELL REPRESENTED BY THIS GROUP OF PEOPLE.
AND THE NUMBERS WE'RE GOING TO BE SEEING ARE GOING TO BE BASED ON THEIR EVALUATIONS.
KAREN HAS SET UP A REAL NICE MATRIX TABLE THAT THEY PRIORITIZE WHAT THEY WANT TO SEE COMING THROUGH.
YOU MIGHT WANT TO ASK, WHAT IF I POSTPONED A FIRE TRAINING STATION FOR YEARS? YOU KNOW, THAT'S A SIMPLE QUESTION TO ASK.
I'M NOT CHIEF. I'M JUST SAYING IT'S AN EXAMPLE.
BUT THAT'S SOMETHING THAT THE CITIZENS OF THIS ADVISORY COMMITTEE IS GOING THROUGH.
AND IT'S GOING TO BE A GREAT PROCESS.
GOOD. YEAH. THEY'VE BEEN VERY, VERY ACTIVE, ASKED GREAT QUESTIONS.
WE ARE SCHEDULED WITH THEM ON DECEMBER 18TH, AND THEY WILL BE WRITING UP AND DEBATING WHAT THEY WILL BE SENDING TO Y'ALL, BUT THEY DEFINITELY HAVE BEEN VERY, VERY ACTIVE.
AND THEY ANSWER REALLY ASKS VERY, VERY GOOD QUESTIONS.
GOOD. SO WE'VE HAD THOROUGH, THOROUGH MEETINGS WITH THEM.
OKAY. NOW WE'RE READY FOR THE UPDATE REGARDING THE REMAINING HERITAGE PRESERVATION GRANT FUNDS.
ERIC. THANK YOU FOR NOT SWITCHING PRESENTATIONS.
I DON'T THINK I COULD HAVE DONE THAT ONE.
WELL, GOOD EVENING, ERIC HILL, ASSISTANT DIRECTOR OF PLANNING.
SO THIS IS A CONTINUATION OF OUR DISCUSSION ON HERITAGE PRESERVATION GRANT FUNDS.
THERE ARE $1.5 MILLION AVAILABLE IN HOT REVENUE FUNDS FOR HERITAGE GRANTS IN THIS FISCAL YEAR.
WE HAVE ALLOCATED 992,000 OF THOSE TOWARDS FIVE NONPROFIT ORGANIZATIONS AND THE REMAINING 507,000 COUNCIL SUPPORTED AS BEING AVAILABLE FOR GRANT FUNDS FOR OTHER HERITAGE PROJECTS.
SO WE'VE PUT TOGETHER A LIST OF THOSE ITEMS FOR YOU AND I'LL JUST WALK QUICKLY THROUGH THOSE.
FIRST IS MONIES FOR PRESERVATION AND RESTORATION $25,000.
WE IDENTIFIED EXAMPLES OF RESERVATION RESTORATION AS A GOOD EXAMPLE.
MARKETING. WE'VE LOOKED AT OPPORTUNITIES FOR ADVERTISING, BRANDING AND PROMOTIONAL ACTIVITIES, SIGN PROJECTS, LOOKING AT INSTALLING AND UPDATING SIGNS ALONG THE CORRIDORS INTO AND AROUND DOWNTOWN, AND WE PRESENTED THESE ITEMS TO THE HERITAGE COMMISSION LAST MONTH, AND THEY SUPPORTED THESE BY A VOTE OF 6 TO 0. AND IF SUPPORTED BY COUNCIL, WE WILL BEGIN TO PLAN AND IMPLEMENT THESE ITEMS AS SOON AS POSSIBLE.
AND THAT'S MY PRESENTATION FOR THIS EVENING.
ANY QUESTIONS? ANTHONY. THANK YOU MAYOR.
A RESIDENT, CANDACE FOUNTOULAKIS REACHED OUT TO ME.
SHE'S INVOLVED WITH THE HISTORIC CEMETERY PRESERVATION ORGANIZATION.
OH, SIGNED UP TO SPEAK. OKAY, I'LL WAIT UNTIL SHE SPEAKS.
OKAY. ALL RIGHT, WELL, THEN LET'S GO AHEAD AND HAVE HER SPEAK ON THIS.
MAYOR COUNCIL, MY NAME IS CANDACE FOUNTOULAKIS AND I RESIDE IN PLANO AT ON IOWA DRIVE SINCE 1988.
WE ARE TASKED WITH THE PRESERVATION AND RESTORATION ON OCCASION OF THE 1847 ONE ACRE CEMETERY HERE IN PLANO, WHICH IS LOCATED AT THE INTERSECTION OF 121 AND INDEPENDENCE.
IT'S SURROUNDED BY WELL ON TWO SIDES BY THE RIDGEVIEW RANCH GOLF COURSE, WHICH IS CITY PARKLAND.
AS PREVIOUSLY NOTED ON THE LIST HERE, THE STORMS IN MAY DID TREMENDOUS DAMAGE TO OUR CEMETERY.
IT ESPECIALLY AFFECTED OUR AGING TREES.
[00:45:02]
THESE TREES ARE.IT CLEARED OUT QUITE A FEW, BUT A LOT OF THEM ARE GETTING OLD AND THEY WERE DAMAGED EXTENSIVELY.
YOU REMEMBER OUR CITY WAS COVERED WITH PILES OF DEBRIS EVERYWHERE AFTER THAT STORM.
IT TOOK US A LONG TIME TO RECOVER.
WELL, THOSE PILES ARE STILL THERE IN THE CEMETERY.
IN FACT, RECENTLY WE HAD TO LOCK THE GATES AND NOT ALLOW ANYONE TO GO IN ANYMORE, INCLUDING POSTPONING NEEDED MAINTENANCE BECAUSE OF THE DANGERS FROM WHAT WE CALL WIDOW MAKERS. YOU KNOW WHAT THOSE ARE? BROKEN BRANCHES ARE STILL SORT OF HALF ATTACHED TO THE TREE, BUT IF YOU WALK UNDER THEM AT THE WRONG TIME, YOU'RE TOAST.
WE HOPE THAT YOU WILL SUPPORT THAT IDEA.
IT WILL GET US TO BACK TO WHERE WE CAN RESTORE THE SITE TO SAFE VISITATION.
IT IS WHAT HAPPENED THE WEEK I PUT UP THE SIGN AND LOCKED THE GATE.
A LADY CALLED ME AN HOUR LATER AND SAID, I SAW YOUR NUMBER AT THE GATE.
DO YOU KNOW WHEN THE CEMETERY WILL BE BACK OPEN FOR VISITATION? MY MOTHER WANTS TO GO VISIT HER ANCESTORS THERE, AND SHE'S 94, AND I'M CONCERNED, YOU KNOW HOW LONG SHE HAS LEFT TO GO.
WE HAD TO POSTPONE ALL MAINTENANCE BECAUSE OF THE CONDITION FROM THE STORM.
SO IT HASN'T BEEN MOWED OR EDGED OR ANYTHING, AND IT'S REALLY NOT.
IT'S NOT IN THE CONDITION I LIKE TO LEAVE IT TYPICALLY.
THE CEMETERIES IN PLANO ARE IRREPLACEABLE HERITAGE ASSETS, WHICH COULD BENEFIT LONG TERM FROM ACCESS TO THESE GRANT FUNDS IN THE FUTURE, BUT WE ARE ACTUALLY BLOCKED FROM APPLYING FOR GRANTS BECAUSE OF THE 501C3 RULE.
WE ARE IN GOOD STANDING WITH THE STATE OF TEXAS AND WE APPLY, WE REPORT TO THEM ONCE A YEAR AS WE DO THE IRS AND OUR BOARD IS ALL VOLUNTEER.
OUR ONLY PURPOSE IS TO PRESERVE AND KEEP UP THE CEMETERY FOR HERITAGE TOURISM.
THE 501C3 RULE AND THE GRANT FUNDS THAT WERE IN EXCESS.
I WOULD LIKE THE COUNCIL TO SUPPORT THE HERITAGE COMMISSION CARVING OUT AN EXCEPTION FOR THE CEMETERIES IN PLANO TO BE ABLE TO APPLY DIRECTLY FOR GRANT FUNDS IN THE NEXT GRANT CYCLE. I'M HOPEFUL THE COUNCIL WILL SUPPORT THIS IDEA SO WE CAN CONTINUE TO PROTECT AND PRESERVE AND RESTORE THESE SITES FOR THE FORESEEABLE FUTURE. THANK YOU.
WHERE DID ERIC GO? OH, THERE HE IS. SORRY. BEHIND THE COLUMN.
SO, ERIC, WHAT HOW WHAT WOULD BE, DO WE HAVE A COST NUMBER ON THAT? FOR THE CEMETERIES SPECIFICALLY.
MS. FOUNTOULAKIS I BELIEVE IS PROVIDED AN ESTIMATE ON THOSE.
IT WOULD FIT WITHIN THAT $25,000.
I THINK IT'S AROUND 10 TO $11,000, IS WHAT SHE'S QUOTED US RIGHT NOW.
OKAY. SO IT WOULD BE POSSIBLE WITH OTHER FUNDS AS WELL REMAINING FOR OTHER PROJECTS.
OKAY. BUT ERICA, IS THE REQUEST THAT ALL OF THESE RECEIVED DIRECTION FROM COUNCIL? CORRECT. THIS EVENING, WE'RE REQUESTING THAT YOU SUPPORT THESE ITEMS OR PROVIDE COMMENTS.
AND IF YOU DO SO, THEN WE'LL MOVE FORWARD WITH PLANNING AND IMPLEMENTATION.
BUT SO THIS ISSUE ABOUT 501C3 VERSUS 501C 13, AS I UNDERSTAND IT, THOSE ARE BOTH NONPROFIT ORGANIZATIONS JUST UNDER DIFFERENT SECTIONS OF THE INTERNAL REVENUE CODE.
IS THERE A REASON THAT WE DON'T ALLOW THE 501C13 TO APPLY DIRECTLY? WE'VE DISCUSSED THAT WITH THE CITY ATTORNEY'S OFFICE.
WE BELIEVE THAT WE MAY BE ABLE TO LOOK AT OUR RULES AND ALLOW THEM TO RECEIVE THE MONEYS DIRECTLY.
SO WE JUST WANT TO DO ADDITIONAL RESEARCH, BUT WE THINK IT IS POSSIBLE AT THIS POINT.
FANTASTIC. WELL, I MEAN, UNLESS THERE'S, YOU KNOW, AN ISSUE PRECLUDING THAT, I THINK, YOU KNOW, NONPROFITS THAT ARE DOING HERITAGE PRESERVATION, I'D LOVE TO SEE THEM BECOME ELIGIBLE, TOO. SO THAT'S GREAT.
JUST WANTED TO PROVIDE THAT FEEDBACK.
THANK YOU SO MUCH. I'D SUPPORT THAT AS WELL.
I THINK WE'LL GET A LOT OF RETURN FOR THAT INVESTMENT.
I AGREE. EVERYBODY ELSE OKAY WITH THE WITH THE OTHER ITEMS? OKAY. THANK YOU.
THANK YOU. NEXT ITEM IS THE CONSENT AGENDA.
IS THERE ANY ITEM COUNCIL MEMBER WOULD LIKE TO REMOVE.
[00:50:04]
AND THEN ITEM SIX IS COUNCIL ITEMS FOR DISCUSSION AND FUTURE AGENDAS.ALL RIGHT. WE'LL TAKE A TEN MINUTE RECESS AND RETURN AT 7:00.
* This transcript was compiled from uncorrected Closed Captioning.