ALL RIGHT, LET'S GET THIS STARTED.
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I NOW DECLARE THE PLANO CITY COUNCIL IS RECONVENED IN OPEN SESSION.[CALL TO ORDER]
THAT ALL MEMBERS ARE PRESENT, WITH THE EXCEPTION OF MAYOR PRO TEM TU.AND COUNCIL MEMBER SMITH WILL BE ON ZOOM.
AND PLEASE JOIN THE COUNCIL RECITING THE PLEDGE OF ALLEGIANCE AND TEXAS PLEDGE.
GO AHEAD. GO AHEAD. WE'LL START WITH YOU.
MAYOR MUNS, MEMBERS OF THE COUNCIL, OUR ESTEEMED POLICE OFFICERS AND SUPPORT STAFF.
ALICE, ON THIS VETERANS DAY, IT SEEMED APPROPRIATE TO SAY THANK YOU FOR YOUR SERVICE.
LET'S PRAY. TEACH US, GOD OF EVERY NATION AND EVERY COMMUNITY TO SEE EVERY QUESTION OF LOCAL POLICY IN THE LIGHT OF OUR FAITH, THAT WE MAY CHECK IN OURSELVES AND IN OTHERS.
EVERY PASSION THAT MAKES FOR PREJUDICED DECISIONS, ALL UNGENEROUS JUDGMENT, ALL PROMPTINGS OF SELF-ASSURANCE, ALL PRESUMPTUOUS CLAIMS GRANT US INSIGHT TO RECOGNIZE THE NEEDS AND ASPIRATIONS OF THE OTHER IN ALL OF OUR DOINGS IN OUR COMMUNITY, AND REMOVE OUR SUSPICIONS AND MISUNDERSTANDINGS THAT WE MAY HONOR ALL PEOPLE IN YOU, OUR LORD.
[
Proclamation: November 11 is Veterans Day, a day to honor all who are serving and have served our country.
]SO NOVEMBER 11TH IS OBVIOUSLY A VETERAN'S DAY, A DAY TO HONOR ALL WHO ARE SERVING AND HAVE SERVED OUR COUNTRY.
WE WE'VE HAD EVENTS ALL THIS WEEKEND, AND IT'S BEEN A REAL HONOR TO BE A PART OF THEM.
BUT IN OUR COUNCIL MEETING TODAY IS VETERANS DAY, AND I'D LIKE TO READ THIS PROCLAMATION.
WHEREAS THE NATIONAL OBSERVANCE HONORING OUR VETERANS HAD ITS ORIGINS IN ARMISTICE DAY, COMMEMORATING THE END OF WORLD WAR ONE BEFORE BECOMING THE MORE INCLUSIVE VETERANS DAY AND DESIGNATED NOVEMBER 11TH AS THE DAY TO HONOR OUR VETERANS EACH YEAR.
WHEREAS ON THIS VETERANS DAY, PLANO RECOGNIZES ALL PAST MEMBERS OF OUR ARMED FORCES WHO HAVE PLACED OUR NATION'S SECURITY BEFORE THEIR OWN, CREATING A DEBT THAT WE CAN NEVER REPAY.
WE OFFER THIS TRIBUTE AS OUR THANKS FOR THOSE DEDICATION TO DUTY AND SERVICE THAT SERVES AS AN EXAMPLE FOR US ALL, AND PROMOTES A LEGACY OF PATRIOTISM FOR FUTURE GENERATIONS.
NOW, THEREFORE, I, JOHN MUNS, MAYOR OF THE CITY OF PLANO, TEXAS, DO HEREBY PROCLAIM MONDAY, NOVEMBER 11TH, 2024, AS VETERANS DAY IN PLANO.
AND I DO THEREBY ENCOURAGE ALL CITIZENS TO JOIN ME AND THE PLANO CITY COUNCIL IN RECOGNIZING THE SACRIFICE OF OUR VETERANS AND EXPRESSING OUR MOST HEARTFELT APPRECIATION FOR THEIR STRENGTH AND VALOR IN DEFENDING OUR NATION.
THANK YOU. OUR NEXT PROCLAMATION IS HUNGER AND HOMELESSNESS
[Proclamation: Hunger and Homelessness Awareness Week is November 17 - 23, 2024.]
AWARENESS WEEK, NOVEMBER 17TH THROUGH THE 23RD, 2024.AND WHEREAS, EACH YEAR, THE WEEK BEFORE THANKSGIVING IS RECOGNIZED AS HUNGER AND HOMELESSNESS AWARENESS WEEK, A TIME TO ENCOURAGE THE PUBLIC TO TAKE ACTION ON THE ISSUES OF HUNGER AND HOMELESSNESS.
AND WHEREAS, IN 2001, THE INTERAGENCY COUNCIL OF HOMELESSNESS ISSUED A CALL FOR CITIES AND COUNTIES THROUGHOUT THE UNITED STATES TO DEVELOP PLANS TO END HOMELESSNESS. AND SHORTLY THEREAFTER, THE COLLIN COUNTY HOMELESS COALITION WAS FORMED TO RAISE AWARENESS AND UNITE THE COMMUNITY IN ADDRESSING THE PROBLEM.
WHEREAS THE ANNUAL HOMELESS CENSUS WILL TAKE PLACE IN PLANO ON JANUARY 23RD, 2025 AND RESIDENTS ARE
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ENCOURAGED TO PARTICIPATE BY COLLECTING PACKAGES AND VOLUNTEERING THEIR TIME ON THE NIGHT OF THE HOMELESS CENSUS.NOW, THEREFORE, I, JOHN MUNS, MAYOR OF THE CITY OF PLANO, TEXAS, DO HEREBY PROCLAIM NOVEMBER 17TH THROUGH THE 23RD, 2024 AS HUNGER AND HOMELESSNESS AWARENESS WEEK IN PLANO.
AND I DO THEREBY ENCOURAGE ALL CITIZENS TO JOIN ME IN THE PLANO CITY COUNCIL IN LOOKING FOR WAYS TO AID THOSE EXPERIENCING HUNGER AND HOMELESSNESS. THANK YOU.
[CONSENT AGENDA]
OKAY, LET'S START WITH THE CONSENT AGENDA.ITEMS MAY BE REMOVED FROM THIS AGENDA FOR INDIVIDUAL DISCUSSION BY A COUNCIL MEMBER.
THE PRESIDING OFFICER WILL ESTABLISH TIME LIMITS BASED UPON THE NUMBER OF SPEAKER REQUESTS.
I HAVE A MOTION AND A SECOND TO APPROVE THE CONSENT AGENDA.
ALL IN FAVOR, RAISE YOUR HAND.
ITEMS FOR INDIVIDUAL CONSIDERATION.
PUBLIC HEARING ITEMS. APPLICANTS ARE LIMITED TO 15 MINUTES PRESENTATION TIME WITH A FIVE MINUTE REBUTTAL IF NEEDED.
THE PRESIDING OFFICER MAY AMEND THESE TIMES AS DEEMED NECESSARY.
PRESIDING OFFICER WILL ESTABLISH TIME LIMITS BASED UPON THE NUMBER OF SPEAKER REQUESTS, LENGTH OF THE AGENDA AND TO ENSURE MEETING EFFICIENCY, AND MAY INCLUDE A CUMULATIVE TIME LIMIT.
[(1) Consideration to approve a Purchase and Sale Agreement between the City of Plano and CCI-D 6501 Legacy Owner, LLC, a Delaware limited liability company, for the acquisition of property as a future park site at the southeast corner of Legacy Drive and Headquarters Drive; and authorizing the City Manager to execute all necessary documents.]
ITEM NUMBER ONE CONSIDERATION TO APPROVE A PURCHASE AND SALE AGREEMENT BETWEEN THE CITY OF PLANO AND CCID 6501 LEGACY OWNER, LLC, A DELAWARE LIMITED LIABILITY COMPANY FOR THE ACQUISITION OF PROPERTY AS A FUTURE PARK SITE AT THE SOUTHEAST CORNER OF LEGACY DRIVE AND HEADQUARTERS DRIVE, AND AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS. FROM IS TO PURCHASE THE AFOREMENTIONED PROPERTY.YOU HAVE ANY QUESTIONS? ARE YOU A MOTION? MOTION TO APPROVE.
I HAVE A MOTION A SECOND TO APPROVE ITEM NUMBER ONE.
ALL IN FAVOR, RAISE YOUR HAND.
[(2) Public Hearing and consideration of an Ordinance as requested in Zoning Case 2024-003 to amend the Comprehensive Zoning Ordinance of the City, Ordinance No. 2015-5-2, as heretofore amended, rezoning 107.0 acres of land located on the southeast corner of Legacy Drive and Headquarters Drive in the City of Plano, Collin County, Texas, from Central Business-1 to Planned Development-24-Central Business-1 to establish uses and development standards for mixed-use development; directing a change accordingly in the official zoning map of the City; and providing a penalty clause, a repealer clause, a savings clause, a severability clause, a publication clause, and an effective date. Petitioner: CCI-D 6501 Legacy Owners, LLC]
ITEM NUMBER TWO.ORDINANCE NUMBER 2015-5-2 AS HERETOFORE AMENDED.
REZONING 107 ACRES OF LAND LOCATED AT THE SOUTHEAST CORNER OF LEGACY DRIVE AND HEADQUARTERS DRIVE IN THE CITY OF PLANO, COLLIN COUNTY, TEXAS, FROM CENTRAL BUSINESS ONE TO PLANNED DEVELOPMENT 24, CENTRAL BUSINESS ONE TO ESTABLISH USES AND DEVELOPMENT STANDARDS FOR MIXED USE DEVELOPMENT, DIRECTING A CHANGE ACCORDINGLY IN THE OFFICIAL ZONING MAP OF THE CITY, PROVIDING A PENALTY CLAUSE, A REPEALER CLAUSE, A SAVINGS CLAUSE, A SEVERABILITY CLAUSE, A PUBLICATION CLAUSE, AND AN EFFECTIVE DATE.
THANK YOU. I'M CHRISTINA DAY, THE DIRECTOR OF PLANNING, AND I'M HERE TO GIVE A OVERVIEW OF ZONING CASE 2024-003, WHICH IS, AS STATED, A REQUEST TO REZONE TO CREATE A PLANNED DEVELOPMENT DISTRICT ON 107 ACRES.
FIRST, WE HAVE AN AERIAL PHOTOGRAPH OF THE SITE.
SO YOU CAN SEE THIS IS AN EXISTING CORPORATE CAMPUS.
AND IT IS CURRENTLY ZONED CENTRAL BUSINESS ONE AND IS SURROUNDED BY OTHER CENTRAL BUSINESS ONE PLANNED DEVELOPMENT, ZONING AND COMMERCIAL EMPLOYMENT ZONING.
THE OVERVIEW OF THIS REQUEST INCLUDES THE REQUEST ITSELF.
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IT IS TO CREATE A PLANNED DEVELOPMENT WITH A CONTINUATION OF THE EXISTING CB1 BASED ZONING.IT WOULD ADD MIXED USE DEVELOPMENT STANDARDS TO ALLOW RESIDENTIAL.
THE CURRENT BASE ZONING DOES PERMIT RESIDENTIAL DEVELOPMENT WITH A SPECIFIC USE PERMIT, BUT RATHER THAN DO THIS SPECIFIC USE PERMIT PROCESS, THE APPLICANT HAS PROPOSED THIS PLANNED DEVELOPMENT THAT ALLOWS ADDITIONAL AMENITIES ON SITE THAT MAKE A MIXED USE DEVELOPMENT MORE APPROPRIATE AND GIVES MORE PREDICTABILITY TO THE COMMUNITY.
SO IT WOULD ALLOW UP TO 750 RESIDENTIAL UNITS.
THESE WOULD BE EITHER MID-RISE RESIDENTIAL OR INDEPENDENT LIVING FACILITIES.
THERE DEVELOPED IN TWO PHASES WITH A MINIMUM HEIGHT REQUIREMENT OF 15 STORIES, EXCEPT IN LIMITED LOCATIONS WHERE THEY'RE SCREENING A PARKING GARAGE. IT, THE APPLICANT DID SUBMIT A CONCEPT PLAN FOR YOUR REVIEW.
THE CONCEPT PLAN IS NOT ATTACHED TO THE ZONING AND THEREFORE CAN BE CHANGED.
IT WAS REZONED AS PART OF THE KIND OF LEGACY WEST SERIES OF REZONINGS IN THIS AREA, FROM COMMERCIAL EMPLOYMENT TO CENTRAL BUSINESS 1 IN 2016.
THERE WERE PREVIOUS CASES TO CREATE A PD THAT CAME FORWARD IN 2018, 2019 AND 2020.
ALL THOSE WERE EITHER DENIED OR WITHDRAWN AND THE SITE HAS BEEN RECENTLY SOLD AND RENOVATED WITH SUBSTANTIAL INVESTMENT IN THE EXISTING PROPERTY.
SO WHAT IS CENTRAL BUSINESS ONE ZONING.
THIS BASE ZONING IS ONE OF OUR MOST INTENSE ZONING DISTRICTS.
IT'S INTENDED TO CREATE A DOWNTOWN LIKE AREA SIMILAR TO MAJOR CITIES.
THERE'S NO MAXIMUM HEIGHT, NO LOT COVERAGE REQUIREMENTS, NO MINIMUM SETBACKS.
IT STATES, AGAIN, THE SUP AT 174 DWELLING UNITS PER ACRE.
SO YOU CAN TELL THE INTENSITY ALLOWED IN THIS BASE ZONING.
SO THE GRAY AREAS SIGNIFICANTLY ARE EXCLUDED FROM THE PD.
THAT'S PRIMARILY THE EASTERN PORTION OF THE PROPERTY AROUND WHAT LOOKS LIKE A RING ROAD.
AND THEN THERE HAS BEEN ONE LOT SOLD TO A HOTEL OWNER THAT YOU SEE ALONG LEGACY DRIVE.
IT DOES RETAIN THE EXISTING OFFICE AND GARAGES, WHICH ARE THE CENTRAL PORTION OF THE SITE.
IT INCLUDES TWO NEW MID-RISE RESIDENTIAL TOWERS SHOWN IN YELLOW.
THERE ARE FOUR RESTAURANTS SHOWN IN RED.
A HOTEL AND A MIX OF USES ON OTHER PROPERTIES.
SO PLANNED DEVELOPMENT STANDARDS.
THIS PD DISTRICT HAS 13 SECTIONS, SO IT'S RATHER EXTENSIVE.
I'M GIVING SORT OF A LIST AND THEN I'LL HIT THE HIGH POINTS.
SO WE DO ALSO HAVE SOME UPDATES PROPOSED TO THIS ORDINANCE.
WE DO HAVE A NUMBER OF DRAFTING ERRORS AND CLERICAL CHANGES I APOLOGIZE FOR THAT.
BUT WE HAVE SHOWN THOSE TO YOU.
WE'VE BEEN PASSED OUT THE UPDATED ORDINANCE TO THE COUNCIL THAT SHOWS ANY CHANGES IN RED.
YOU SEE, THERE'S A 15 STORY TO 180 FOOT MINIMUM HEIGHT REQUIREMENT THAT WAS INCORPORATED INTO OTHER SECTIONS OF THE ORDINANCE, BUT THAT REFERENCE WAS MISSED IN SECTION THREE.
WE HAVE MINIMUM WHERE IT SHOULD BE MAXIMUM IN SECTION FOUR.
A VERB WAS MISSING IN SEVEN, AND THEN WE HAD THE WRONG DESIGNATION ON THE OPEN SPACE PLAN.
SO THOSE HAVE BEEN CORRECTED AND WE WOULD RECOMMEND THE REVISED ORDINANCE.
AND SO THERE ARE THREE RECOMMENDED CHANGES BASED ON THAT VERY RECENT DECISION BY THE COUNCIL.
THAT DECISION, I SHOULD STATE, WAS NOT AVAILABLE TO P AND Z.
SO THOSE SUGGESTIONS HAVE NOT BEEN RUN THROUGH THE PLANNING AND ZONING COMMISSION.
SO STANDARDS FOR RESIDENTIAL USES, UP TO 750 UNITS ARE ALLOWED.
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NEIGHBORHOOD. AND THERE ARE RESTRICTIONS, THERE RESTRICTED TO THESE SPECIFIC LOTS WHERE YOU SEE THEM NOW BASED ON THE OPEN SPACE PLAN. THE OPEN SPACE PLAN AGAIN IS ADOPTED.IT REQUIRES 21 ACRES OF OPEN SPACE, INCLUDING VERY SPECIFIC DETAILS SUCH AS RETAINING AND MAINTAINING THE COURTYARD AREA BETWEEN THE PARKING GARAGE AND EXISTING LARGE OFFICE BUILDING, A POCKET PARK, SOME GENERAL GREEN SPACE AROUND THE WATER FEATURE, AND A BOARDWALK AROUND THE WATER FEATURE.
SO HERE'S A LITTLE DETAIL ON THE PHASING.
AND IT REQUIRES THEM TO MAINTAIN THE CO IN THE BUILDING THAT EXISTS TODAY, THE COURTYARD TO BE MAINTAINED, OTHER OPEN SPACE AREAS AND TRAILS AND SIDEWALKS.
PHASE TWO IS AN ADDITIONAL 385 UNITS THAT WOULD REQUIRE NEW DEVELOPMENT, INCLUDING 225 KEY HOTEL OR A CO FOR A SHELL OF 250,000FT² OF NONRESIDENTIAL DEVELOPMENT.
IT WILL ALSO REQUIRE AN ADDITIONAL 400,000FT² OF THE EXISTING BUILDING TO BE LEASED AND OBTAIN A CERTIFICATE OF OCCUPANCY, AND THEN ADDITIONAL OPEN SPACE FEATURES SUCH AS THE ADDITION OF THE WATERFRONT TRAIL, THE OPEN SPACE ADDITIONS, ADDITIONAL TRAIL AND SIDEWALK, AND THEN PARKING SPACES FOR TO HELP PROVIDE BETTER ACCESS TO THE BRUCE GLASCOCK PARK.
SO WHAT IS THE COMPREHENSIVE PLAN SAY ABOUT THIS SITE? IT IS DESIGNATED THE EMPLOYMENT CENTER AND OPEN SPACE NETWORK CATEGORIES.
RESIDENTIAL USES ARE NOT SUPPORTED IN EITHER OF THOSE CATEGORIES.
HOWEVER, THIS IS SOMEWHAT COMPLICATED BY THE FACT THAT THERE'S THE URBAN ACTIVITY CENTER IMMEDIATELY TO THE EAST AND THEN THE CENTRAL BUSINESS ONE ZONING THAT SORT OF MATCHES WITH THE URBAN ACTIVITY CENTER DESIGNATION ON THE FUTURE LAND USE MAP EXTENDS INTO THIS AREA AND COVERS THIS CAMPUS.
SO AGAIN, JUST SOME EXAMPLES FROM THE COMPREHENSIVE PLAN AS TO WHAT'S EXPECTED FROM THE URBAN ACTIVITY CENTER AND EMPLOYMENT CENTER, AND HOW THOSE ARE VERY DIFFERENT IN NATURE.
SO THE OVERALL COMP PLAN ANALYSIS WAS DONE AGAIN PRIOR TO ANY PARKLAND ACQUISITION.
SO THIS IS BASED ON THE SUBMITTAL THAT WE HAVE PRIOR TO THE PREVIOUS ACTION TODAY.
THE OTHER MAPS ARE GENERALLY MET.
THERE ARE LARGELY MEETING OR PARTIALLY MEETING THE REDEVELOPMENT AND GROWTH MANAGEMENT POLICY.
THE ONE CONFLICT IS WITH RGM ONE.
SO FEEDBACK THAT WE'VE HAD FROM THE PUBLIC.
WE ALSO HAVE SIGNED LETTERS IN THE PROPERTY ITSELF IS THE HATCHED AREA.
THAT'S A PORTION OF THE LOT CLOSE TO HEADQUARTERS.
YOU CAN SEE THAT WE HAVE OTHER PLANO RESPONSES THAT HAVE COME IN THROUGH OUR ONLINE MAPPING SYSTEM, AND THEN NO OUTSIDE PLANO RESPONSES, BUT A FEW OTHER LETTERS THAT WERE NOT MAPPED BECAUSE WE DID NOT RECEIVE AN ADDRESS.
SO THIS IS THE MAP OF THE RESPONSES.
AND THERE'S A KIND OF CLOSE UP OF THE SITE THAT YOU SEE IN THE UPPER PART OF THE SCREEN.
SO THE PLANNING AND ZONING COMMISSION DID RECOMMEND APPROVAL BY A VOTE OF 5 TO 3.
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THERE ARE FINDINGS REQUIRED TO APPROVE THIS REQUEST.THAT CONCLUDES MY PRESENTATION AND I'M AVAILABLE, AS IS MIKE BELL.
THE DEVELOPMENT REVIEW MANAGER WHO MANAGED THIS ZONING REQUEST.
ALL RIGHT. ANY QUESTIONS FOR STAFF? DEPUTY MAYOR PRO TEM.
THANK YOU FOR THE PRESENTATION, CHRISTINA.
DO YOU MIND GIVING US A LITTLE BIT OF THE HISTORY BACK IN 2016, WHEN THE ZONING WAS CHANGED AS TO I THINK YOU DID A GOOD JOB EXPLAINING WHAT THE CURRENT ZONING IS, BUT WHAT MAYBE I MISSED WHAT THE PREVIOUS ZONING WAS, AND THEN WHAT WAS THE REASONING BEHIND CHANGING IT AT THAT TIME? JC PENNEY CORPORATION CAME TO THE CITY AND ASKED TO CHANGE THE ZONING THERE WAS BECAUSE THE ZONING WRAPPED AROUND THE NORTHERN END. LEGACY WEST HAD REZONED.
IF I CAN GO BACK TO THAT SLIDE, YOU'LL BE ABLE TO SEE IT A LITTLE BETTER.
SO IT WAS REALLY ONLY THAT LEGACY DRIVE FRONTAGE PORTION THAT WAS ADJACENT TO COMMERCIAL EMPLOYMENT.
SO THEY WANTED TO JUST SORT OF WRAP THE CORNER AND BE INCORPORATED INTO THAT CB1 ZONING, KIND OF MAKE THAT TRANSITION, BECAUSE REALLY WHAT IT LOOKED LIKE BEFORE WAS THEY WERE KIND OF THE ALMOST THE HOLE IN THE DONUT, IF THAT MAKES SENSE.
OH, SORRY. THAT'S WHAT I NEED TO SEE.
SO IF YOU SEE THE AREA OF THE JCPENNEY CAMPUS IN THAT CB1 ZONING, YOU CAN SEE BOTH NORTH AND EAST.
SO IT'S REALLY JUST TO THEIR KIND OF SOUTHWEST SIDE WAS THE COMMERCIAL EMPLOYMENT ZONING.
SO IT WAS TRYING TO MAKE IT MORE CONSISTENT.
OKAY. ANY QUESTIONS FOR SAL? RICK. ONE MORE FOR JUST A CLARIFICATION.
UNDER CENTRAL BUSINESS ONE CB ONE, IT IS A HIGHLY CONCENTRATED BUSINESS CENTER.
IS THAT CORRECT? THAT IS RIGHT. SO BY RIGHT THEY COULD GO IN AND THE OWNER COULD PLACE OFFICES OR THROUGHOUT THAT WHOLE FACILITY AND TAKE AWAY FROM THE HEADQUARTER CONCEPT THAT THAT WE LOOKED AT YEARS BACK.
RIGHT. OKAY. THAT WAS JUST FOR CLARIFICATION.
SO FOR THE SECOND PHASE, IN ORDER FOR THEM TO FINISH OUT THE SECOND PHASE, THE THINGS THAT YOU LISTED, THEY HAVE TO COMPLETE THAT WHOLE LIST OF SIX ITEMS BEFORE THEY CAN DO THE FINAL PHASE OF THE HOUSING.
NO, NO, IT'S ALL YOU HAVE TO DO.
ALL RIGHT, I'LL OPEN THE PUBLIC HEARING.
HOW MANY SPEAKERS WE DO? WE HAVE REPRESENTATIVES FOR THE APPLICANT.
OKAY. TREY BRASWELL WAS THE FIRST ONE TO SIGN UP.
I'LL BE SPEAKING FOR THE APPLICANT.
WE PROVIDED A PRESENTATION, AND YOU SHOULD BE MOVING FORWARD AND BACKWARDS.
OKAY. GOOD EVENING, COUNCIL AND STAFF.
I'M ANDREW LADISON WITH CAPITAL COMMERCIAL INVESTMENTS.
WE'RE THE PROUD OWNER OF THE PARK AT LEGACY, THE FORMER JC PENNEY HEADQUARTERS.
IN ADDITION TO THIS FACILITY, WE ALSO OWN THE FORMER MCAFEE HEADQUARTERS SITE ON HEADQUARTERS DRIVE AND 6400 LEGACY, THE FORMER BANK OF AMERICA BUILDING AS PLANO EMBARKS ON A NEW PHASE OF REDEVELOPMENT.
CCI TEXAS IS THE LARGEST PRIVATE OWNER OF OFFICE AND LEADER IN CAMPUS REPOSITIONING, SEES THE CITY AS AN IDEAL, SYNERGISTIC PARTNER WITH OUR CURRENT ASSETS AND PLANNED ACQUISITIONS.
I FEEL IT'S IMPORTANT TO VISIT A LITTLE MORE ABOUT OF OUR HISTORY, OF OUR OWNERSHIP OF THE SITE.
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THIS IS AN OLDER PRESENTATION.ANYWAYS, WE'LL DO IT WITHOUT THE PRESENTATION.
WE WANTED TO MAKE A BOLD STATEMENT TO THE COMMUNITY OF WHO WE ARE AND WHAT WE DO.
SO WE ELECTED TO MAKE A BUSINESS DECISION TO DEPLOY OUR CAPITAL IN OUR NEIGHBOR'S SITE AND FIX THEIR INCOMPLETED PROJECT AS A MIYAKO HOTEL SITE. OUR EFFORTS KIND OF REIGNITED.
THAT PROJECT IN THE HOTEL IS NOW BACK ON TRACK.
WE MOVED THE JCPENNEY CORPORATION BACK INTO THEIR FORMER HEADQUARTERS.
AND WE COMPLETED THE REPOSITIONING OF 45 INDIVIDUAL PROJECTS.
WE HAVE GAINED GAME ROOMS, GOLF SIMULATORS, PICKLEBALL COURTS.
WE'VE TAKEN CARE OF ALL THE DEFERRED MAINTENANCE, THE PRESSURE WASHING, THE LANDSCAPING.
WE'VE INJECTED ABOUT $30 MILLION INTO THIS FACILITY, REFRIGERATING IT.
WE DID THAT IN ADVANCE OF REQUESTING THIS ZONING CHANGE.
WE'RE VERY ACTION FIRST, AND WE WANTED TO SHOW WHO WE ARE.
ANOTHER PROJECT WE DID WAS A CHILD CARE FACILITY.
THERE IS AN EXISTING BRIGHT HORIZONS FACILITY ON THE SITE.
WE EXPANDED THEIR FOOTPRINT AND RENEWED THEIR LEASE.
WE'VE ALSO OPENED A FULL SERVICE GYM.
IT'S A HEALTH AND WELLNESS AMENITY THAT HAS PERSONAL TRAINERS ON SITE THAT THE COMMUNITY IS USING.
WE SPENT THE PAST THREE YEARS HAVING MEANINGFUL DISCUSSIONS WITH THE RESIDENTS, OUR NEIGHBORING RESIDENTS, THE CITY STAFF, AND OUR NEIGHBORING BUSINESS IS WE WANTED TO ENSURE WE HAD A HIGH END, PRO-BUSINESS ACTIVATION OF THE SITE.
I DID HAVE SOME BEFORE AND AFTER PHOTOS THAT I THINK ARE VERY RELEVANT.
THIS IS WHAT THE FACILITY LOOKED LIKE WHEN WE TOOK OWNERSHIP.
EVERYTHING WAS OVERGROWN ON PRESSURE, WASHED, POORLY MAINTAINED, DIM LIT, VERY OLD.
THERE WAS A SMELL IN THE BUILDING.
THERE WAS A BIG HOLE IN THE FRONT YARD OF THE INCOMPLETE SITE, AND NOW IT'S ACTIVATED.
EVERYTHING'S BEEN TAKEN CARE OF.
WE'VE INTEGRATED A HOSPITALITY FIELD WITH SOME BIOPHILIA.
WHEN YOU WALK IN THE FRONT DOOR, WE HAVE MUSIC.
WE REALLY WANT TO INCREASE THE EXPERIENCE OF TOURING THIS.
OKAY. THE EXISTING FACILITY, I THINK VISITING A LITTLE BIT OF THE HISTORY.
LET ME SEE IF I CAN FIND A PAGE OF THE PLAN.
SO THE EXISTING FACILITY IS ONE POINT 8,000,000FT² ON 107 ACRES.
WE'RE RESERVING 75% OF THE SITE FOR BUSINESSES.
THAT'S OUR OFFICES, OUR HOTELS, OUR RETAIL.
AND WE'RE ASKING FOR LESS THAN 5% TO BE DEDICATED TO LUXURY RESIDENTIAL.
LUXURY RESIDENTIAL IS THE LAST REMAINING AMENITY FOR THE ACTIVATION OF THE SITE.
WE NEED THIS QUALITY OF PRODUCT TO REMAIN COMPETITIVE WITH OUR NEIGHBORING CITIES.
OFFICE USERS WANT AND NEED WALKABILITY.
THIS IS A VERY PRO-BUSINESS CHOICE AND ACTIVATION FOR THE SITE.
AND AFTER THREE YEARS OF NEGOTIATING WITH ALL STAKEHOLDERS, I FEEL THEY HAVE ALL AGREED THAT THIS IS THE APPROPRIATE LOCATION ON THE SITE, GIVEN ITS ADJACENCY TO RESIDENTIAL AND THE LOCATION IN THE CITY, BY PLACING HIGH RISE PRODUCT NEXT TO OTHER HIGH RISE PRODUCT.
I'D LIKE TO INTRODUCE GREG CATON OF STREET LIGHTS TO TALK A LITTLE BIT ABOUT HIS PRODUCT.
THANKS, ANDREW. MURPHY'S LAW, WHATEVER CAN GO WRONG WILL GO WRONG.
WE GOT THE WRONG SLIDE SHOW UP HERE, BUT WE'RE GOING TO DO THE BEST WE POSSIBLY CAN.
MY NAME IS GREG COUTANT WITH STREET LIGHTS RESIDENTIAL.
STREET LIGHTS IS A DESIGN DRIVEN DEVELOPMENT COMPANY BASED HERE IN DFW.
I RECOGNIZE THAT MANY OTHER DEVELOPERS STAND IN FRONT OF YOU AND TALK TO YOU ABOUT THE QUALITY OF THEIR PROJECTS, AND IN PLANO'S HISTORY, YOU'VE ALWAYS GOTTEN THE SAME COMMODITY BUILT WOOD FRAME APARTMENTS.
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THIS BUILDING IS DESIGNED.HERE WE GO. THIS BUILDING IS DESIGNED FOR TWO MAIN DEMOGRAPHICS THE EMPTY NESTER WHO IS WINDING DOWN THEIR CAREER AND DESIRES TO STAY IN THE CITY OF PLANO, AND THE ESTABLISHED PROFESSIONAL WHO'S DRAWN TO THE REGION'S HIGH QUALITY JOBS.
BOTH DEMOGRAPHICS ARE LOOKING FOR THE SAME THING QUALITY OF LIFE.
WALKABILITY FROM THE MILES OF TRAILS THAT WE'RE PROPOSING AND THE NEIGHBORING RETAIL ENVIRONMENT.
WE'RE LOOKING AT EMPTY NESTER DEMOGRAPHICS TODAY THAT HAVE NO OPTION BUT TO CONTINUE TO LIVE IN THE NEIGHBORHOODS AND HOMES THAT THEY'VE RAISED FAMILY AND FAMILIES IN AND LIVED IN FOR DECADES.
THEY WANT A SIMPLER FORM OF LIFE.
THEY WANT THE CONVENIENCE OF THE CONCIERGE AND VALET AND THAT LACK OF HOUSING.
THAT LACK OF HOUSING OPTIONS FOR EMPTY NESTERS HAS KEPT PLANO NEIGHBORHOODS FROM SEEING THE INFLUX OF YOUNG FAMILIES, AND THAT WOULD REINVEST IN THEIR SCHOOLS AND REINVEST THROUGH REASSESSMENT OF THEIR TAX VALUES IN THE CITY BUDGETS.
THIS IS NOT MORE OF THE SAME MULTI-FAMILY PLANO SEEN IN THE PAST.
WE'VE SPENT MONTHS AND MONTHS WORKING WITH OUR NEIGHBORS TO CREATE A PLAN FOR THE HIGHEST QUALITY RESIDENTIAL THAT WILL ENHANCE THE CAMPUS, ENHANCE THE OFFERING WITHIN THE OFFICE ENVIRONMENT. AND WE'VE LANDED ON SOMETHING THAT IS DIFFERENT THAN WHAT EXISTS IN PLANO TODAY.
HERE WE GO. SO THE SLIDE IN FRONT OF YOU SHOWS THE EXISTING WOOD FRAME APARTMENTS ON THE RIGHT, AND THEN A MAP OF OTHER CONCRETE HIGH RISES ON THE LEFT, NONE OF WHICH WE BELIEVE ARE THE QUALITY OF WHAT WE PROPOSED IN OUR BUILDING AND OUR FINISH OUT.
BUT IT SPEAKS TO THE LACK OF THIS TYPE OF PRODUCT THAT IS AVAILABLE TO THE RESIDENTS OF PLANO TODAY.
FIRST, WE'VE LOCATED OUR RESIDENTIAL USES ADJACENT TO OTHER SINGLE FAMILY RESIDENTIAL USES.
WE'VE LIMITED THE RESIDENTIAL SITE AREA TO 4.6% OF THE TOTAL CAMPUS ACREAGE.
TO PRESERVE THE OFFICE FIRST EMPLOYMENT EXPERIENCE ACROSS THE SITE, WE'VE AGREED TO BUILD HIGH RISE RESIDENTIAL BUILDINGS THAT ARE IN KEEPING WITH THE CONSTRUCTION TYPE AND THE ENVIRONMENT YOU'D EXPECT WITHIN A BUSINESS PARK, WE'VE LOCATED THE RESIDENTIAL THAT ALLOWS FOR A TRANSITION FROM THE EXISTING LOW RISE SINGLE FAMILY BUILDINGS INTO SOMETHING THAT'S MORE APPROPRIATE FOR THAT COMMERCIAL BUILDING TYPE THAT YOU WOULD FIND IN THAT CAMPUS.
AND FINALLY, THAT NEW TYPE OF HOUSING THAT PLANO HAS TODAY WILL REINFORCE THE REPUTATION OF QUALITY WITHIN THE CAMPUS AND WILL BE SEEN AS AN AMENITY TO PROTECT TO PROSPECTIVE EMPLOYERS LOOKING FOR OFFICE SPACE IN THE AREA.
THANK YOU. WELL, OUR SLIDES OBVIOUSLY DIDN'T GET CONNECTED HERE FROM THE FOR THE FOR THIS PRESENTATION.
SO I'M ONLY GOING TO SPEND A FEW MINUTES.
BILL DAHLSTROM 2323 ROSS AVENUE.
THIS HAS BEEN A LONG, LONG ROAD.
I'D LIKE TO THANK CHRISTINA AND MIKE BELL FOR THEIR WORK ON THIS CASE.
IT'S AGAIN 15 ITERATIONS, AT LEAST ITERATIONS ON THE PD STIPULATIONS, AT LEAST 15.
AND MR. CITY MANAGER, YOU AS WELL.
BUT AGAIN, AS FAR AS THE COMP PLAN GOES, I JUST WANT TO WRAP UP ON THE COMP PLAN.
AND I THINK THERE'S ONE OF MY SLIDES WAS A QUOTE ON THE CITY'S FUTURE LAND USE MAP BASED ON CHAPTER 213 OF THE TEXAS LOCAL GOVERNMENT CODE THAT SAYS THE FUTURE LAND USE MAP IS NOT ZONING.
AND I THINK YOU'LL SEE THAT IN TAKING THAT ALL INTO CONSIDERATION, WE DO FURTHER THE GUIDING PRINCIPLES, ESPECIALLY THE LAND USE CORE POLICY, WHERE PLANO WILL SUPPORT A SYSTEM OF ORGANIZED LAND USE TO PROVIDE HOUSING AND EMPLOYMENT CHOICES ALIGNED WITH THE MARKET.
[00:35:04]
THAT'S WHAT WE'RE PROPOSING, MR. COUTANCHE SAID.WHERE NEW AND REDEVELOPMENT AREAS RESPECT THE VIABILITY AND QUALITY OF LIFE FOR EXISTING NEIGHBORHOOD BUSINESSES AND INSTITUTIONS, WE ARE PROPOSING A STYLE OF RESIDENTIAL THAT WE DON'T HAVE HERE TODAY, AND IT'S GOING TO BE A SECOND TO NONE IN IN THE REGION, IF NOT THE STATE.
AND AS WAS STATED IN THE STAFF REPORT AND THE PLANNING AND ZONING COMMISSION FINDINGS, THE REQUEST IS CONSISTENT WITH THE OVERALL GUIDING PRINCIPLES OF THE COMPREHENSIVE PLAN, AND THE PLANNING AND ZONING COMMISSION CITED SEVERAL REASONS WHY SUPPORTING SURROUNDING LAND USES CONSISTENCY WITH OTHER LAND USES, PROVIDING NEW HOUSING OPPORTUNITIES AGAIN, A HOUSING OPPORTUNITY THAT'S NOT PERMITTED OR PROVIDED IN THE CITY, AND ONE THAT'S IN HIGH DEMAND AND HIGH DEMAND IN THE REGION.
WE'RE PROVIDING AGAIN, THE DIVERSIFIED HOUSING STOCK.
SEVERAL OF THE COMMISSIONERS STATED CITED THE PROVISION FOR A UNIQUE NEW HOUSING STOCK AS WELL AS SUPPORTING EXISTING BUSINESSES. AND AGAIN, THE IMPACT ON THE ABILITY TO BRING IN MAINTAIN RESIDENTS HERE IN THE CITY OF PLANO.
IN CONCLUSION, I'D LIKE TO SAY AGAIN, A LOT OF WORK'S BEEN DONE ON THIS THIS APPLICATION.
WE CAME IN WITH ALMOST TWICE AS MANY UNITS.
TIA IMPROVEMENTS HAVE BEEN NOTED.
WE'VE NAILED DOWN THE LOCATION OF THE SPECIFIC LOCATION OF THE RESIDENTIAL AREAS.
WE'VE PROVIDED A MINIMUM TOWER SIZE OF 15 STORIES, SO YOU'RE GUARANTEED TO GET A LONG TERM BUILDING.
WE'VE REDUCED SIGNAGE SIZES, AND OF COURSE, WE'VE ADDED THE PHASING FOR THE SECOND PHASE AND THAT THAT RESPECTFULLY REQUEST YOUR APPROVAL ON THIS REALLY IMPORTANT APPLICATION TONIGHT.
THANK YOU. THANK EVERYBODY FOR THEIR TIME AND EFFORT IN THIS.
WE ARE HERE TO ANSWER ANY QUESTIONS.
WE BOUGHT THIS SITE, WE FIXED IT.
ONE MORE. WE HAVE ONE MORE SPEAKER.
DOUG SHOCKEY, 7504 AVALON DRIVE.
I COME TONIGHT IN SUPPORT OF THE COMPREHENSIVE PLAN.
WE SPENT THOUSANDS OF HOURS DELIBERATING AND ALSO GOING OUT INTO THE COMMUNITY AND SPENDING MEETINGS AND MEETINGS AND HOURS WITH ALL THE CATEGORIES OF STAKEHOLDERS THAT WE COULD THINK OF.
YOU KNOW, WE'RE TALKING ABOUT 2050.
WE'RE TALKING ABOUT YEARS DOWN THE ROAD.
SO WE'RE CONCERNED ABOUT HOW IT WOULD AGE OVER TIME.
AND SO WE KNEW THERE WOULD BE EXCEPTIONS.
BUT WE WANTED TO KIND OF STEER THOSE IN A WAY THAT WOULD SUPPORT THE PLAN.
SO WE CAME WE CAME UP WITH THE FINDINGS CLAUSE.
AND I'M JUST HERE TO TELL YOU THAT THAT WAS THAT WAS MEANT TO BE USED IN EXTREME CASES.
IF YOU SIT, IF YOU KEEP MAKING THESE EXCEPTIONS.
IF YOU CAN COME UP WITH AN EXCEPTIONS AND YOU CAN REALLY JUSTIFY THE EXTREME CASES.
AND, AND HOW THAT WOULD BE BENEFICIAL NOT TO A SLIVER OF THE POPULATION, BUT TO THE ENTIRE COMMUNITY, THEN IT'S OKAY.
BUT IF IT'S NOT, THEN YOU KNOW, IT JUST WEAKENS THE PLAN OVERALL.
[00:40:03]
AND I WILL JUST SAY THAT, YOU KNOW, IN THIS CASE, I DON'T SEE THAT I'VE LOOKED AT EVERYTHING AND I KNOW I SEE BENEFITS.I SEE BENEFITS FOR, YOU KNOW, A FEW PEOPLE HERE AND THERE.
THIS IS NOT SOMETHING THAT THE MAJORITY OF THE COMMUNITY IS GOING TO BENEFIT FROM.
AND I WILL JUST SAY AGAIN, I'M HERE IN SUPPORT OF THE COMPREHENSIVE PLAN.
AND JUST TO DRIVE THAT POINT HOME, I'M GOING TO TELL YOU THAT AT THE PNC MEETING LAST, WHEN THEY LOOKED AT THIS ONE, COMMISSIONERS WAS ALREADY TALKING ABOUT HOW THIS PLAN WAS OUTDATED AND ALREADY NEEDS TO BE AMENDED. YOU KNOW, WE'RE TALKING ABOUT THE REWRITE OF THE ORDINANCE, AND THEY WANT TO THEY'RE ACTUALLY SUGGESTING THAT WE REWRITE THIS.
IS THAT IT? NO OTHER SPEAKERS? OKAY, I'LL CLOSE THE PUBLIC HEARING AND CONFINE THE COMMENTS TO THE COUNCIL.
USUALLY WHAT I DO IS I GO LAST, AND I THINK I'M GOING TO GO FIRST JUST TO PROVIDE SOME CLARITY.
I KNOW WE'VE ALL HAD HISTORY WITH THIS PROPERTY AND I TOO, AS WELL.
I THINK, BILL, YOU'VE BEEN ON THIS FOR ABOUT A DECADE AND AS, AS I WAS ON P AND Z WHEN THERE WAS ANOTHER OWNER THAT OWNED THIS PROPERTY.
AND ONE OF THE THINGS THAT WE WORKED ON THE PREVIOUS OWNER WAS COMPROMISE AND, BRINGING IT DOWN TO A NUMBER THAT THAT WOULD BE SUITABLE FOR THIS DEVELOPMENT.
AND UNFORTUNATELY, THE, THE PLAN FOR THE MAIN BUILDING AND EVERYTHING ELSE WAS JUST GOING TO BE A COLLAGE OF DIFFERENT BUILDINGS THAT REALLY HAD NO STRUCTURE AND ORDER.
SO WHEN CCI CAME OVER A YEAR AGO AND TALKED ABOUT WHAT THEY WANTED TO DO AND JUST LIKE BILL SAID, THERE'S BEEN SEVERAL ITERATIONS OF THIS AND THANKS TO THE CITY MANAGER AND STAFF WORKING TO MAKE IT MORE APPROPRIATE FOR THE JC PENNEY CAMPUS, THE CITY OF PLANO, AND THE CORPORATE NEIGHBORS THAT ARE ALL AROUND.
WE FEEL LIKE THERE HAS BEEN A TREMENDOUS AMOUNT OF COMPROMISE.
WE WE APPRECIATE P AND Z'S PHASING.
THAT'S INCLUDED IN THERE, AND I DO WOULD I WOULD LIKE TO ASK FOR AMENDED LANGUAGE ON JUST ONE, ONE ITEM WHICH IS 10B, I SO THAT TALKS ABOUT RECEIVING A CERTIFICATE OF OCCUPANCY FOR A NEW MINIMUM 225 KEY HOTEL OR CERTIFICATE OF OCCUPANCY, INDICATING COMPLETION OF CONSTRUCTION OF A MINIMUM OF 250,000FT² IN THE AGGREGATE OF A NONRESIDENTIAL BUILDING OR BUILDINGS THAT THAT'S IN THERE.
NOW, WHAT I WOULD LIKE TO ADD IS, HOWEVER, BUILDINGS CONSTRUCTED PRIMARILY FOR USES IN THE RETAIL OR SERVICE USE CATEGORY SHALL NOT COUNT TOWARDS THE NONRESIDENTIAL SQUARE FOOTAGE REQUIREMENT IN THIS SUBSECTION.
SO WHEN WE DO GET TO A MOTION, I WOULD LIKE TO INCLUDE THAT.
BUT I WANT TO GIVE EVERYBODY A CHANCE TO SPEAK ON THIS.
AND FINALLY, WE DO HAVE A VERY IMPORTANT CLIENT WHO IS ALREADY THERE, WHO HAS NOT STARTED ON THEIR PROJECT, BUT IS VERY INTERESTED IN UNDERSTANDING WHAT HAPPENS TO THIS DEVELOPMENT GOING FORWARD. WE HAVE WORKED DILIGENTLY WITH, WITH THIS CUSTOMER ON, ON THEIR HOTEL AND WE'RE VERY PROUD TO KNOW THAT WE ARE WE'RE ALMOST THERE.
AND THEY'RE PLANNING TO GET STARTED, BUT I KNOW THEY'RE VERY INTERESTED IN, IN SEEING THIS PROGRESS FOR THEIR SUCCESS AND FOR THE SUCCESS OF MANY OTHERS TO COME, I WILL, I WILL SAY I HAVE SEEN STREET LIGHTS.
[00:45:06]
SO I KNOW FOR A FACT THAT WE DON'T HAVE A PROPERTY LIKE STREET LIGHTS, SO I, I WOULD LIKE TO UNDERSTAND THAT WE, WE KNOW THERE ARE TIMES WHEN THE COMP PLAN IS NOT EXACTLY THE WAY IT WAS WRITTEN, BUT WE DO KNOW THAT SOMETIMES COMPROMISE AND CHANGES TO THE ENVIRONMENT MAKE IT ESSENTIAL TO HAVE THOSE OPPORTUNITIES TO HAVE FINDINGS.SORRY, RICK. YOU'RE ALWAYS LAST.
I WE GOTTA CHANGE THAT UP, I APOLOGIZE.
GO AHEAD. WELL, THANK YOU, MAYOR.
SO I WILL TELL YOU, I'VE APPRECIATED THE MEETINGS THAT I'VE HAD WITH THE APPLICANT AND HAVE REALLY WRESTLED WITH THIS ZONING CASE BECAUSE YOU KNOW, I TOLD BILL AND GREG AND ANDREW WHEN WE MET LAST WEEK AND ALSO WHEN I CAME OUT TO THE MCKENZIE WITH YOU, GREG, ON FRIDAY, THAT BASED ON, YOU KNOW, JUST THE COMPREHENSIVE PLAN.
I HONESTLY CAME INTO THIS THINKING THIS WAS A PRETTY STRAIGHTFORWARD DENIAL FOR ME.
BUT THIS PROJECT DOES HAVE A LOT GOING FOR IT.
AND I APPRECIATE HOW YOU ALL HAVE WORKED WITH THE ADJACENT PROPERTY OWNERS.
I MEAN, TO THE MAYOR'S POINT, THIS IS EASILY THE BEST ITERATION OF THIS PROPOSAL THAT WE'VE SEEN.
YOU KNOW, ON THE OTHER SIDE OF THE LEDGER, THE COMPREHENSIVE PLAN IS A BIG DEAL FOR ME.
I'VE TALKED ABOUT THAT IN OTHER ZONING CASES.
YOU KNOW I VOTED AGAINST THE WILLOW BEND REDEVELOPMENT BECAUSE THAT WAS ANOTHER THING THAT WAS REALLY EXPLICITLY DISCUSSED IN THE COMPREHENSIVE PLAN REVIEW COMMITTEE PROCESS AND ON WHICH OUR COMPREHENSIVE PLAN CAME OUT WITH A VERY EXPLICIT RECOMMENDATION LIKE WE HAVE HERE.
AND, YOU KNOW, I ALSO LOOK AT THE FACT THAT I THINK THIS IS NOT AN UNFORESEEN, UNIQUE CIRCUMSTANCE, MAYBE THE QUALITY, CERTAINLY THE QUALITY OF WHAT'S PROPOSED IS BUT IN TERMS OF RESIDENTIAL ON THIS SITE, THAT'S A DISCUSSION THAT'S BEEN GOING ON PRETTY MUCH AS LONG AS I'VE BEEN ON COUNCIL.
IT'S BEEN GOING ON FOR A LONG TIME.
SO I THINK THIS WAS STUDIED AND DISCUSSED DURING THAT THOROUGH DELIBERATIVE PROCESS.
I'M ALSO MINDFUL OF THE FACT THAT WE'VE RECEIVED FEEDBACK FROM STAKEHOLDERS THAT DOUG MCDONALD PRESENTED TO US ABOUT THE LEGACY BUSINESS PARK AND WHETHER WE NEED TO CHANGE THE MODEL, WHICH I THINK IS AN IMPORTANT DISCUSSION TO HAVE.
BUT I THINK ALSO WE SAW IN THAT PRESENTATION THAT THERE WAS A MIX OF FEEDBACK.
SOME STAKEHOLDERS SEEMED TO FAVOR CHANGES TO A NEW MODEL, SOME FAVOR THE EXISTING MODEL.
SO AFTER REALLY WRESTLING WITH THIS, I AGREE WITH WHAT CHAIRMAN SHOCKEY SAID.
IF WE'RE IF WE'RE LOOKING AT WHOLESALE CHANGES TO OUR PHILOSOPHY FOR THIS AREA, THEN I THINK WE NEED TO LOOK AT AN AREA PLAN AND NOT MAKE THOSE SORT OF AD HOC IN ONE ZONING CASE.
YOU KNOW, DISREGARDING OUR COMP PLAN PHILOSOPHY FOR THIS BEING AN EMPLOYMENT CENTER.
AND, AND, YOU KNOW, POTENTIALLY OPEN THE DOOR TO CHANGING THE WHOLE BUSINESS PARK WITHOUT, YOU KNOW, AN AREA PLAN PROCESS THAT ENGAGES ALL OF THE STAKEHOLDERS IN, IN, IN CASTING A VISION FOR THE ENTIRE AREA AND NOT JUST ONE PROPERTY.
SO EVEN THOUGH THIS IS A HARD DECISION, BECAUSE I LOVE THE QUALITY OF WHAT'S BEING PROPOSED, AND FRANKLY, I REALLY LIKE THE THE APPLICANTS, YOU KNOW, FROM FROM MEETING WITH THEM, I CAN'T LET THE FACT THAT I PERSONALLY LIKE THEM IMPACT DOING WHAT I THINK IS BEST FOR THE CITY.
AND SO EVEN THOUGH IT'S A HARD DECISION, I HAVE TO VOTE NO.
WELL, I CERTAINLY RESPECT MY FRIENDS.
COUNCILMAN RICHARD DALY'S OPINION ABOUT THE COMPREHENSIVE PLAN.
BUT I ALSO SAID ON P&Z, WHEN WE APPROVED UNANIMOUSLY THE COMPREHENSIVE PLAN.
BUT THAT BEING SAID, I HAVE TO REMIND THIS AUGUST BODY THAT THE COMPREHENSIVE PLAN IS A GUIDELINE.
[00:50:05]
IT IS NOT LAW.IT IS A GUIDELINE THAT WE USE AS A TOOL.
WE ARE LOOKING AT AN ARCHITECTURALLY ICONIC FACILITY.
WHEN YOU COME DOWN FROM 1990, AS YOU DRIVE EAST ON LEGACY FROM 121, ONE OF THE FIRST BUILDINGS YOU SEE IS THE JCPENNEY HEADQUARTERS.
AND WHAT'S BEING PROPOSED RIGHT NOW ADDRESSES A LOT OF THOSE NEEDS.
UNDER THE FUTURE LAND USE MAP PRIORITIES TWO AND NUMBER THREE, WE ARE TO EVALUATE POLICY TO SUSTAIN LONG TERM VIABILITY OF CORPORATE CAMPUSES, PERIOD.
THAT IS STATED IN THE COMP PLAN.
IF YOU RECALL, DOUG MACDONALD AND HEWLETT ZOLLARS PRESENTED TO US A OWNER'S SENTIMENT SURVEY FROM LEGACY AND GRANITE PARK.
SOME HIGHLIGHTS FROM THAT SURVEY.
FIRST, LEGACY IS A VERY POPULAR AREA.
TRY TO GET THERE ON A FRIDAY AND SATURDAY NIGHT AND TRY TO FIND PARKING.
THE COMP PLAN DOES NOT CONSIDER MARKET CHANGES OR WORKER NEEDS.
THAT IS QUITE EVIDENT TO WHAT HAPPENED AFTER COVID.
WE NOW HAVE A WORK FROM HOME OFFICE HYBRID.
ONE OF THE OTHER ELEMENTS THAT CAME OUT OF THAT SURVEY WAS THE OWNERS AND THE PEOPLE THAT PARTICIPATED IN THAT WAS AN INCREASE IN LEVEL OF WEEKEND ACTIVITY IN NIGHTLIFE WITH THE FOCUS ON WALKABILITY.
HENCE THIS LIVABLE UNIT THAT WE'RE LOOKING AT, YOU'LL BE EASILY ABLE TO WALK TO LEGACY WEST.
AND IF YOU'RE WILLING TO HIKE, YOU CAN WALK TO LEGACY EAST.
OKAY, IF THEY STAY COMPLIANT WITH THE COMP PLAN AND WE STAY WITH CB1, REMEMBER, NO MAXIMUM HEIGHTS, NO MINIMUM SETBACKS, NO COVERAGE LOT COVERAGE REQUIREMENTS, AND NO OPEN SPACE REQUIREMENTS.
THEY CAN JUST JUNK THE WHOLE AREA UP FROM WITH OFFICE BUILDINGS, WAREHOUSES, LIGHT INDUSTRIAL.
BUT THEY'RE PROPOSING A SEVEN ACRE COURTYARD.
THAT IS WHAT THEY'RE PROPOSING.
IT WON'T BE INTERFERED WITH OTHER SMALL, SHORTER BUILDINGS.
OKAY. IT IS A HIGH END RENTAL PROPERTY FOR EXECUTIVE PROFESSIONALS AND RETIRED CITIZENS THAT WILL PRESENT AN ECONOMIC BOOM TO LEGACY WEST AND TO THE CAMPUS.
WALKABILITY, TO ALL THE AMENITIES.
THAT IS PART OF THE PD, I BELIEVE, 65.
CB ONE. THIS IS JUST CLOSE TO THAT.
SO WITH THOSE ITEMS IN MIND, WITH THE QUALITY OF THE BUILDING IS BEING PRESENTED, I'M GOING TO SAY I'M IN FAVOR OF MOVING THIS FORWARD FOR APPROVAL.
I THINK I WANT TO HEAR WHAT OTHER PEOPLE HAVE TO SAY.
I DIDN'T THINK I WOULD BE AS UNDECIDED AS I AM ON THIS.
AND IN SPEAKING TO SOME OTHER STAKEHOLDERS WHO HAD SOME CONCERNS, I DO FEEL BETTER WITH WHAT MAYOR MUNS PROPOSED WITH THE PHASING AND TIGHTENING THAT UP.
[00:55:08]
OTHERS. OKAY.COUNCIL MEMBER PRINCE. YEAH, IT'S YOUR TURN.
SO ONE OF THE MAIN REASONS THAT I WANTED TO SERVE ON COUNCIL IS BECAUSE AS LIKE MANY ON COUNCIL, I'VE LIVED HERE MY WHOLE LIFE.
AND SO REVITALIZATION IS SOMETHING THAT I HAVE ALWAYS HELD AS A HIGH PRIORITY.
AND SO WHEN I LOOK AT OUR NEIGHBORS AROUND US AND I SEE THE COMPETITION THAT WE HAVE TO ME, IT'S IMPORTANT TO BALANCE OUR COMPREHENSIVE PLAN WITH OPPORTUNITIES TO REVITALIZE.
I HAVE BEEN ON HERE FOR A VERY, VERY LONG TIME, AND BEFORE THAT, PLANNING AND ZONING.
SO I HAVE SEEN ALL THE PLANS THAT CAME BEFORE.
AND YES, THEY WEREN'T ALL RIGHT AND WE SAID NO TO SOME OF THEM.
BUT THIS HAS COME BACK BETTER AND BETTER EACH TIME.
AND SO I THINK THERE ARE TIMES WHEN YOU SAY, NO, PLEASE COME BACK TO US WITH SOMETHING BETTER.
BUT I THINK AT THIS POINT WE'VE GOTTEN SOMETHING THAT IS MUCH BETTER THAN I'M COMFORTABLE WITH.
I APPRECIATE THE DEDICATION TO THE OPEN SPACE.
I APPRECIATE THE MUCH THE VERY HIGH QUALITY RESIDENTIAL THAT'S BEING PRESENTED TO US.
AND I THINK THAT WHAT WE'RE SEEING WITH OVER THE LAST TEN YEARS, THE CHANGES WITH OFFICE.
I DON'T WANT TO SEE MORE EMPTY OFFICE BUILDINGS.
I DON'T WANT THIS OFFICE BUILDING TO SIT THERE EMPTY, AND I DON'T WANT US TO BE IN A POSITION WHERE WE SAY WE'RE GOING TO BE SO STRINGENT ABOUT OFFICE SPACE THAT WE'RE GOING TO BUILD MORE OFFICE BUILDINGS THAT ARE GOING TO SIT EMPTY.
SO I THINK THIS IS A GOOD COMPROMISE.
I DON'T THINK WE SHOULD BE SO STRINGENT WITH OUR WITH OUR COMPREHENSIVE PLAN THAT WE PUT OURSELVES IN A CORNER WHERE WE'RE NOT OPEN TO WHAT THE MARKET IS TELLING US WILL BE SUCCESSFUL.
SO I WILL BE SUPPORTIVE OF THIS.
AND I WOULD MAKE A MOTION WITH THE WITH THE AMENDED.
THANK YOU. A MOTION TO APPROVE WITH THE AMENDMENTS THAT THE MAYOR SUGGESTED.
OKAY. I'LL SECOND IT JUST SO WE CAN KEEP GOING.
AND AFTER MANY OF THE PROJECTS THAT HAVE ALREADY BEEN APPROVED ARE COMPLETED WILL BE APPROACHING 50% RENTAL, INCLUDING SINGLE FAMILY RENTAL. THAT'S AN ENORMOUS PROPORTION IN AN AREA LIKE NORTH TEXAS.
I ALSO TOURED THE PROPERTY, THE MCKINSEY IN DALLAS.
IT'S AN OUTSTANDING PRODUCT, AND IT'S ONE EVEN WITH MY CONCERNS ABOUT OUR DENSITY BECAUSE IT IS FAIRLY UNIQUE THAT I MIGHT SUPPORT IF IT WERE ELSEWHERE.
WHAT THIS COMES DOWN TO FOR ME IS A COUPLE OF THINGS.
FIRST, THE COMPREHENSIVE PLAN DID CONSIDER THIS AREA JUST LIKE IT CONSIDERED WILLOW BEND.
I MEAN, THE COMPREHENSIVE PLAN REVIEW COMMITTEE JUST GOT STARTED WHEN THE PANDEMIC HIT, SO IT WAS VERY CONSCIOUSLY CONSIDERING PANDEMICS AND THE POST COVID WORLD.
AND SO THAT IN MIND, THE COMPREHENSIVE PLAN REVIEW COMMITTEE AND P&Z AND COUNCIL LOOKED AT THAT CARVE OUT AND SAID, OKAY, YES, WE WANT TO KEEP THAT A BUSINESS PARK AND THAT LEADS TO THE OTHER ASPECT OF THIS FOR ME, WHICH IS THE BUSINESSES IN THE AREA AND THE VILLAS AT LEGACY WEST CAME IN THERE UNDER THE PRESUMPTION, THE VALUE PROPOSITION, AND EVEN THE IMPLICIT PROMISE THAT IT WOULD REMAIN A CORPORATE PARK.
AND I THINK THE LEVEL OF COMPROMISE I WOULD BE MORE I WOULD BE IN FAVOR OF IT IF IT DIDN'T
[01:00:04]
INCLUDE THE RESIDENTIAL.THE RESIDENTIAL FOR A VARIETY OF REASONS CAUSES ME CONCERN NOT LEAST OF WHICH IS THAT, YES, WE HAVE A LOT OF OUR COMMERCIAL PROPERTIES, OUR OFFICE SPACE THAT'S STRUGGLING AND HAS BECAUSE MANY OF IT, MUCH OF IT IS DECADES OLD AND I AT LEAST HAVE HEARD CONSISTENTLY OVER THE PAST FEW YEARS THAT THE BIGGEST CHALLENGE TO THAT IS THE LACK OF AMENITIES, BECAUSE OFFICE WORKERS, BUSINESSES EXPECT A A VARIETY OF AMENITIES THAT WASN'T CONSIDERED IN THE 90S AND THE EARLY 2000 WHEN WE WERE BUILDING OUT OUR OFFICE SPACE.
WHAT I DON'T HEAR IS THAT THEY'RE EXPECTING MULTIFAMILY.
AMENITIES, YES, MULTIFAMILY, NO AND I THINK IT WOULD BE ENTIRELY POSSIBLE TO ENVISION A PROJECT HERE TO REDEVELOP THIS PROPERTY THAT PROVIDED SUCH AMENITIES AND A DIVERSE RANGE OF AMENITIES SUCH THAT IT WAS ATTRACTIVE TO MORE BUSINESSES, WHEREAS THE MULTIFAMILY MAY BE ATTRACTIVE TO THE PEOPLE LIVING IN IT.
BUT I DON'T THINK IT WOULD BE A BOON TO THE VALUE PROPOSITION WE CREATED IN THAT CORPORATE PARK.
I'M ALSO MINDFUL OF ZONING CREEP.
YES, THERE ARE SOME ZONING INCONSISTENCIES NEARBY.
WE SAY, WELL, THIS IS NEARBY, SO WE'LL CHANGE THE ZONING HERE TO MATCH THAT.
WE'VE SEEN THIS IN OTHER AREAS OF THE CITY, AND THIS IS A VERY SPECIAL AND VALUABLE PART OF THE CITY, WHICH HAS BEEN A IT'S REALLY BEEN A BEACON TO A LOT OF OUR BUSINESS PARTNERS, HEADQUARTERS, REGIONAL HEADQUARTERS THAT HAVE COME TO PLANO.
AND I HAVE SERIOUS CONCERNS ABOUT UPENDING PART OF THE VALUE PROPOSITION THAT BROUGHT THEM HERE.
SO, AS YOU PROBABLY GUESSED, I'M NOT IN SUPPORT OF THIS.
WHAT IS THE PURPOSE OF THAT? BECAUSE I'M IN SUPPORT OF THAT, NOT THE OVERALL PROJECT, JUST TO BE ABLE TO VOTE ON ONE, BUT NOT THE OTHER.
I THINK THEY NEED TO BE TOGETHER.
I MEAN, BECAUSE THE POINT IS THAT THAT'S A PHASE.
IT'S IRRELEVANT WITHOUT THE PASSAGE OF THE OVERALL PROJECT.
SO, RICK, YOU'RE ON STAGE, GO AHEAD.
BUT THANK YOU, NOTHING LIKE BEING LAST AGAIN, MAYOR.
WELL, YOU'RE NOT JULIE DECIDED SHE WANTED TO GO LAST.
THANK YOU, JULIE, FOR DOING THAT.
ANYWAY, I MEAN, I CAN SAY THAT THE LAST FEW TIMES, MORE THAN ONCE, THAT THIS PARTICULAR PROJECT, YOU KNOW, HAS HAVE COME BEFORE US AND DIFFERENT SHAPES.
I WASN'T FOR IT AND VOTED AGAINST IT.
BUT I THINK THE DIFFERENCE HERE IS WE HAVE A AN OWNER THAT HAS LISTENED, YOU KNOW, TO OUR SUGGESTIONS.
I KNOW THE 750 PLUS OR MINUS IS A BIG NUMBER, BUT THEY DID CUT THAT DOWN ON THEIR OWN FROM, YOU KNOW, A MUCH HIGHER NUMBER.
WELL, NORTH OF, I BELIEVE ORIGINALLY LIKE 1200.
SO THEY LISTEN TO THAT, THEY'VE ADDED MORE GREEN SPACE.
WE HAVE A YOU KNOW, OPPORTUNITY TO HAVE WE'RE GOING TO HAVE WE JUST VOTED TO APPROVE AND PUT IN A NEW FIVE, FIVE AND A HALF ACRE, YOU KNOW, PARK THAT'S GOING TO REALLY BE A PLUS FOR THAT THAT PART OF PLANO.
WELL, IT'S COMPARABLE, BUT ANYWAY, TWO MORE HIGH RISE LUXURY DEVELOPMENTS.
YOU HAVE THE LVL 29, KIND OF MORE CENTRALLY LOCATED.
AND THEN WE HAVE THE KINCAID AT THE TOLLWAY AND LEGACY WHICH ARE TWO EXTREMELY NICE PRODUCT.
WE HAVE FRIENDS THAT YOU KNOW THAT LIVE IN BOTH AND THEY'RE JUST, THEY'RE TOP NOTCH.
AND I THINK WHAT STREET LIGHTS IS PROPOSING IS GOING TO BE EVEN BETTER THAN THAT.
[01:05:01]
SO MAKE A LONG STORY SHORT, I WOULD BE IN SUPPORT OF THIS WITH THE MAYOR'S RECOMMENDATION, AND I THINK IT WILL BE A GREAT DEVELOPMENT FOR THAT AREA AND BE A BOON FOR THE CITY LONG TERM.AND SO IF THIS WAS JUST REGULAR MULTIFAMILY, I WOULD MY I WOULD LEAN TOWARDS JUST RESPECTING THE COMPREHENSIVE PLAN AND SAYING THIS ISN'T WHAT WAS INTENDED HERE, BUT IT'S A VERY DIFFERENT DYNAMIC ALSO TOWARD THE PROPERTY, THE MCKENZIE.
I QUITE HONESTLY, I'M A LITTLE SKEPTICAL THAT WE HAVE THE TENANTS TO FILL IT THAT THAT BUT THAT'S NOT MY PROBLEM I GUESS IF IT'S BUILT I MEAN THAT'S, THAT'S, THAT'S FOR THE DEVELOPER TO FIGURE OUT.
I DO ALSO HAVE SOME CONCERNS, NOT CONCERNS, BUT I DO SEE SOME BENEFIT TO HAVING IT'S MY UNDERSTANDING THAT AREAS ARE SAFER AND OBVIOUSLY MORE REVITALIZED WHEN YOU'VE GOT THE ACTIVITY GOING ON THERE.
SO I SEE THE BENEFIT TO THAT, ESPECIALLY WITH THE EXTRA GREEN SPACES GOING IN AND THE PARK ACTIVITY.
I THINK THERE WOULD BE A BENEFIT TO THAT.
IT AGAIN, GOING OVER ALL OF THE GUIDING PRINCIPLES OF THE PLAN.
I'M HAVING A HARD TIME AND SEEING REALLY WHAT THE SPIRIT HOW THIS PARTICULAR DEVELOPMENT IS A CONFLICT TO THE SPIRIT OF THE PLAN.
I'M GLAD I HAVE SUCH ELOQUENT COUNCIL MEMBERS AROUND ME TO GIVE ME SO MANY THINGS TO CONSIDER.
AND I THINK I BASED ON WHAT I'VE HEARD, I'M GOING TO VOTE IN FAVOR OF IT.
WE HAVE TO INCLUDE THAT IN THE MOTION.
YEAH. ALONG WITH THE AMENDED JUST POINT TO THIS.
YEAH. NO, YOU DON'T HAVE TO READ IT ALL.
DOES SHE? I THINK YOU CAN JUST SAY THAT THE STIPULATIONS THAT WERE PRESENTED IN THE AMENDED ORDINANCE TONIGHT, WHICH YOU ALL HAVE A COPY OF AND HAS PUT UP ON THE SCREEN.
OKAY. I WOULD LIKE TO AMEND MY MOTION TO STATE THAT I WOULD LIKE TO SUPPORT THE MOTION WITH THE MAYOR'S AMENDMENT, AS WELL AS THE STAFF AMENDMENTS, WHICH WE ALL HAVE IN FRONT OF US.
IS THAT SUFFICIENT? IS THAT OKAY? YEAH. FANTASTIC.
SO I HAVE A MOTION AND A SECOND TO APPROVE ITEM NUMBER TWO.
ALL IN FAVOR, RAISE YOUR HAND.
YES. OKAY, SO WE'LL TAKE A FIVE MINUTE RECESS TO SIGN FINDINGS FORMS. THANK YOU.
COUNCIL MEMBER SMITH, IF YOU COULD FILL YOURS OUT AND SEND IT BACK TO ME.
[(3)
Consideration of a Resolution for the City of Plano to cast its ballot for the election of members to the Collin Central Appraisal District Board of Directors under the provision of the Property Tax Code; authorizing the Mayor to execute the ballot for and on behalf of the City of Plano; and providing an effective date.
]MOVING ON TO ITEM THREE.ITEM NUMBER THREE, CONSIDERATION OF A RESOLUTION FOR THE CITY OF PLANO TO CAST ITS BALLOT FOR THE ELECTION OF MEMBERS TO THE COLLIN COUNTY OR EXCUSE ME, COLLIN CENTRAL APPRAISAL DISTRICT BOARD OF DIRECTORS UNDER THE PROVISIONS OF THE TAX CODE AUTHORIZING THE MAYOR TO EXECUTE THE BALLOT FOR AND ON BEHALF OF THE CITY OF PLANO AND PROVIDING AN EFFECTIVE DATE.
OKAY, SO I THINK ALL OF YOU HAVE AN OFFICIAL BALLOT, AND WE HAVE ALL OF 250 VOTES.
EXCUSE ME. WE'RE IN THE MONEY FOR LIVING LARGE.
YES. SO I WILL TAKE ANY MOTIONS OR SUGGESTIONS OR IDEAS ON THE COLLIN COUNTY APPRAISAL DISTRICT.
MR. MAYOR, I'D LIKE TO MAKE A MOTION THAT WE NOMINATE RICHARD GRADY.
[01:10:03]
OKAY. ARE YOU CASTING ALL 300 VOTES FOR MR. GRADY? NO. YES.CASTING ALL 300 VOTES FOR MR. GRADY. I SECOND THAT. ALL RIGHT.
SECOND. I THOUGHT I HAD JUST ONE VOTE, BUT NO 300.
THAT'S GOOD. SO I HAVE A MOTION AND A SECOND TO.
THERE YOU GO. TO OFFER ALL 300 VOTES FOR RICK GRADY.
ALL IN FAVOR, RAISE YOUR HAND.
WE'RE DOWN TO SIX, RIGHT? YEAH. RICK TOLD ME HE HAD TO.
[(4)
Consideration of a Resolution for the City of Plano to cast its ballot for the election of members to the Denton Central Appraisal District Board of Directors under the provision of the Property Tax Code; authorizing the Mayor to execute the ballot for and on behalf of the City of Plano; and providing an effective date.
]OKAY. NEXT ITEM.CONSIDERATION OF A RESOLUTION FOR THE CITY OF PLANO TO CAST ITS BALLOT FOR THE ELECTION OF MEMBERS TO THE DENTON CENTRAL APPRAISAL DISTRICT BOARD OF DIRECTORS UNDER THE PROVISIONS OF THE PROPERTY TAX CODE AUTHORIZING THE MAYOR TO EXECUTE THE BALLOT FOR AND BEHALF OF THE CITY OF PLANO AND PROVIDING AN EFFECTIVE DATE.
ALL RIGHT. SO WE ONLY HAVE 11 VOTES HERE IN THE OUT OF 5000.
SO I'LL BE MORE THAN HAPPY TO MAKE A MOTION.
YES, I'D MAKE A MOTION TO CAST OUR WHOPPING 11 VOTES FOR ROB ALTMAN.
HONESTLY, I THOUGHT THEY WERE VERY GOOD.
SO I DON'T KNOW IF COUNCIL MEMBER WILLIAMS IS OPEN TO SPLITTING OUR WHOPPING 11 VOTES THREE WAYS, BUT I WOULD LOVE TO CAST SOME OF THOSE VOTES FOR MIKE HENNEFER AND RAY MARTIN AS WELL. I'D BE WILLING.
I GUESS SOMEBODY HAS TO GET 11 BY THREE.
YEAH, YEAH. SO I DON'T I DON'T KNOW HOW TO.
I HOPE ONE VOTE DOESN'T MAKE A DIFFERENCE IN THE OUTCOME.
CAN WE CAN WE DO FIVE TO ROB AND THREE TO THE OTHERS? I'M GOOD WITH THAT. SURE.
I MEAN, 5 TO 1 OUT OF SIX YEARS.
AND WHO WAS THE OTHER ONE? RAY MARTIN, I THINK, WAS THE OTHER ONE WHO SENT A LETTER AND CV.
OKAY. SO I HAVE A MOTION TO DID WE SECOND? NO, I THINK WE NEED A MOTION.
I'LL SECOND THAT. OKAY, SO I HAVE A MOTION AND A SECOND TO DO WHAT SHELBY JUST SAID.
ALL IN FAVOR? OKAY. MOTION PASSES, 6 TO 0.
OKAY. MAN, THEY'RE GOING TO BE EXCITED ABOUT THAT NEWS.
THE NEXT ITEM WOULD BE COMMENTS OF PUBLIC INTEREST.
BUT WE DO NOT HAVE ANYONE THAT SIGNED UP TO SPEAK THIS EVENING.
THERE BEING NO FURTHER BUSINESS, THE MEETING IS ADJOURNED.
* This transcript was compiled from uncorrected Closed Captioning.