May 23, 2023 City Council Meeting

ALL RIGHT. WELCOME TO THE CITY COUNCIL OF THE CITY OF ANNA WILL MEET ON MAY 23RD, 2020 3:06 P.M.

[1. Call to Order, Roll Call, and Establishment of Quorum]

[00:00:07]

IF YOU WISH TO SPEAK ON THE OPEN SESSION AGENDA ITEM, PLEASE FILL OUT THE OPINION SPEAKER REGISTRATION FORM.

AND TURN THAT INTO THE CITY SECRETARY BEFORE THE MEETING STARTS.

THE MAYOR PRO TEM IS NOT PRESENT TONIGHT.

HE'S AT A EDC CONFERENCE.

ALL OTHER COUNCIL MEMBERS ARE PRESENT.

COUNCILMAN CARVER IS GOING TO GIVE THE INVOCATION THIS EVENING.

I WILL FOLLOW WITH THE PLEDGE AND THEN WE'LL MOVE INTO NEIGHBORS COMMENTS.

GOOD EVENING, EVERYONE. IF YOU'LL JOIN ME IN A MOMENT OF PRAYER.

LORD, WE COME TO YOU ONCE AGAIN JUST GRATEFUL FOR OUR INCREDIBLE CITY.

I PRAY THAT OUR AMBASSADORS, IF YOU WILL, THAT ARE IN VEGAS THIS WEEK TRYING TO BRING BACK SOME GREAT RETAIL AND COMMERCIAL PRODUCT.

I PRAY THEY'RE SUCCESSFUL WITH ALL OF THEIR ENGAGEMENTS.

PROTECT THEM AS THEY TRAVEL.

I ASK THAT YOU ALSO LAY YOUR PROTECTION UPON OUR CITY, THAT WE RECOGNIZE MENTAL HEALTH ISSUES BEFORE THEY BECOME MUCH WORSE ISSUES BE WITH OUR FIRE AND POLICE AS THEY GO ABOUT PROTECTING US DAY TO DAY.

IN JESUS NAME, AMEN.

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

WE ARE GOING TO MOVE ON TO ITEM THREE NEIGHBORS COMMENTS.

[3. Neighbor Comments]

I DO HAVE ONE NEIGHBOR'S COMMENTS.

AND JUST AS A REMINDER, WE ALLOW THREE MINUTES AT THE PODIUM AND I HAVE ONE SPEAKER FORM FROM MISTER BRADEN BUNNING.

I'M BRADEN BUNNING. I'M REPRESENTING MY TEAM TODAY.

TYPED UP WHAT I'M GOING TO SAY JUST SO I CAN KEEP IT UNDERNEATH THREE MINUTES, FEEL FREE TO CUT ME OFF IF I GO TOO LONG.

UM. YEAH. I'M HERE TODAY TO DISCUSS SOMETHING THAT I NEVER THOUGHT I'D HAVE TO BRING TO THIS LEVEL OF GOVERNMENT, WHICH IS TEE BALL.

BELIEVE IT OR NOT, I COACHED YOU TEE BALL TEAM WITH 12 PLAYERS, HALF OF WHOM HAVE SPECIAL NEEDS.

SECOND YEAR COACHING. MY PHILOSOPHY WITH TEE BALLS THAT IS SERVES FOUR MAIN PURPOSES.

HAVE FUN, MAKE FRIENDS, FALL IN LOVE WITH THE GAME AND LEARN FUNDAMENTALS.

I'M NOT HERE TO COMPLAIN ABOUT ALL THE MINOR THINGS THAT HAPPEN THROUGHOUT THE INAUGURAL SEASON, BUT FOR THE SAKE OF THOROUGHNESS, I HAVE INCLUDED A LIST OF THOSE AT THE VERY BACK OF THE SHEET. BUT I WILL COMPLAIN WHEN WE HAVE ACTUALLY PUT KIDS IN HARM'S WAY AS COACHES, PARENTS AND THE CITY.

ALL THAT BASEBALL STUFF COMES SECOND.

CHILD SAFETY SHOULD BE THE UTMOST AND HIGHEST IMPORTANCE.

AND HERE'S WHERE THE CITY HAS FAILED AND IS HERE, WHERE YOU'RE GOING TO HEAR THE COMPLAINTS.

A PLAYOFF BRACKET.

KEEP IN MIND, WE'RE TALKING ABOUT TEE BALL HERE WAS NOT AVAILABLE TO THE WEEK PRIOR TO THE PLAYOFFS BEGINNING.

ONCE WE GOT THIS SCHEDULE, WE REALIZED THAT THERE WAS A POSSIBILITY OF A TRIPLE HEADER.

THESE GAMES WOULD BE PLAYED AT 12, TEN, TWO, 20 AND 325, WHICH ARE THE HOTTEST PORTIONS OF THE DAY.

TO PUT THE SITUATION IN THE CONTEXT.

LITTLE LEAGUE BASEBALL OFFICIAL RULES PROHIBIT DOUBLEHEADERS AT THIS AGE GROUP, MUCH LESS TRIPLE HEADERS.

BUT IF YOU ASK PRINCETON, IT WAS NOT A TRIPLE HEADER BECAUSE THE GAMES ARE NOT PLAYED CONSECUTIVELY.

SCREENSHOTS OF THIS RULE HAVE BEEN PRINTED FOR YOU GUYS.

VAN AUSTIN'S BRACKET.

VAN AUSTIN'S BRACKET, WHICH IS ALSO PROVIDED, SHOWED THEY PLAYED THE SAME TOURNAMENT OVER A SPAN OF THREE DAYS WITH A DOUBLE HEADER EARLY IN THE MORNING FOR THE LAST TWO GAMES, AND I SEE NO MENTION OF ANY PLAYOFFS FOR MCKINNEY OR FRISCO BOWL, AND I DO NOT SEE STANDINGS FOR THOSE LEAGUES.

I COMMUNICATED MY CONCERNS.

THIS WAS NOT AGE APPROPRIATE AND POTENTIALLY DANGEROUS.

I WAS MET WITH NOTHING MORE THAN A MERE THANK YOU FOR YOUR CONCERNS.

I PRESSED FOR AND I INCLUDED ALL THE EMAILS WITH THE CITY FOR YOU TO LOOK THROUGH AT YOUR CONVENIENCE.

I DON'T HAVE TIME TO DISCUSS THE WEATHER ISSUES FOR THAT DAY, BUT YOU CAN LOOK IT UP FOR YOURSELF.

BUT WITH THE CONDITIONS THAT DAY, I WOULD NOT, AS A PARENT, HAVE ALLOWED MY CHILD TO PLAY OUTSIDE UNINTERRUPTED FOR FOUR HOURS, NOR WOULD SCHOOLS AND DAYCARES.

BUT FOR T-BALL, IT'S SOMEHOW ACCEPTABLE.

THE CITY DIDN'T CARE.

I ATTEMPTED MULTIPLE TIMES TO CALL PRINCETON, WHO HANDLES THE SCHEDULES, APPARENTLY.

AND MY CALLS WERE NEVER PICKED UP AT THIS POINT IN TIME, I HAVE TO ASSUME IT WAS BECAUSE THEY SAW MY NAME ON THE CALLER ID AND THEY WERE BEING FORWARDED MY EMAILS.

SO MY ASSISTANT COACH CALLS AND GETS AN IMMEDIATE ANSWER.

HE WAS MET WITH EXTREME RUDENESS.

HE WAS BEING TOLD THAT THEY WERE WITHIN U-I-L GUIDELINES.

SO THIS GUY ACTUALLY BELIEVES THAT T-BALL IS A U.I.L ACTIVITY.

MY ASSISTANT COACHES STATEMENT REGARDING THIS INTERACTIONS WITH THE CITY IS ALSO INCLUDED.

THAT'S ACTUALLY NOT INCLUDED. HE DIDN'T GET IT TO ME IN TIME.

THAT'S OKAY. THE THURSDAY BEFORE THE TOURNAMENT, MR. FREETH RESPONDED, THREATENING TO REMOVE MY TEAM FROM THE TOURNAMENT DUE TO US EXPRESSING SAFETY CONCERNS REGARDING OUR KIDS.

AND IT IS COMPLETELY UNACCEPTABLE TO PUNISH CHILDREN DUE TO PARENTS ADVOCATING FOR THEIR CHILDREN'S SAFETY.

THIS ACTUALLY HAPPENED.

HIS EMAIL IS INCLUDED IN THAT PACKET.

I BELIEVE IT'S ONE OF THE LAST PAGES THERE I LOST WHERE I WAS.

MY TEAM DECIDED THAT WE WOULD STILL PLAY THE GAME AND WE'LL JUST FORFEIT AS WE DEEM NECESSARY WITH OUR KIDS AS WE ARE RESPONSIBLE FOR OUR CHILDREN'S SAFETY.

[00:05:04]

AT THIS TIME, I CAN SAY THAT I HAVE NO TRUST IN THE CITY OF ANNA.

ANNA HAS MY CHILD'S SAFETY IN MIND, AND I CALL UPON THE REASSIGNMENT AND RESIGNATION OF MR. FREETH AS HE HAS PROVEN HE DOES NOT CARE ABOUT CHILD SAFETY OR HE'S BOWING DOWN TO THE CITIES OF PRINCETON.

AND MELISSA, THANK YOU.

OH, I'M SORRY.

ARE THERE ANY OTHER NEIGHBORS COMMENTS.

GOING TO MOVE ON TO ITEM FOUR, RECEIVE REPORTS FROM STAFF OR THE CITY COUNCIL ABOUT ITEMS OF COMMUNITY INTEREST.

[4. Reports]

AND AT THIS TIME, THE CITY SECRETARY IS GOING TO ADMINISTER THE OFFICE OF OATH OF OFFICE .

AND RAISE YOUR RIGHT HAND AND REPEAT AFTER ME.

I, ELDEN BAKER, DO SOLEMNLY SWEAR.

DO SOLEMNLY SWEAR.

OKAY. WELL, WELCOME, MR. BAKER. AND AT THIS TIME.

YEAH. DANNY, IF YOU'LL COME UP HERE TO THE FRONT.

UM. WE WANT TO RECOGNIZE.

YOUR EFFORTS IN ALL THE WORK THAT YOU'VE PUT IN OVER THE YEARS? I'VE KNOWN DANNY NOW FOR.

I DON'T KNOW. OVER OVER TEN YEARS NOW, BEING INVOLVED IN LOCAL GOVERNMENT.

AND DANNY IS.

A PERSON WHO CARES VERY DEEPLY ABOUT THIS COMMUNITY.

AND THAT IS SHOWN BY THE COUNTLESS HOURS THAT YOU HAVE SPENT IN THE CHAIRS YEARS AGO AND COMING ON TO VARIOUS BOARDS AND SERVING ON THE PLANNING AND ZONING COMMISSION AND THEN AS A COUNCIL MEMBER.

SO FROM MY SIDE, I JUST WANT YOU TO KNOW HOW MUCH I APPRECIATE YOU, APPRECIATE YOUR FRIENDSHIP.

AND I KNOW YOU'VE ALREADY SAID YOU WILL BE BACK HERE PRETTY QUICKLY AS FAR AS BEING A PART OF THINGS.

SO REALLY APPRECIATE YOU, DANNY.

THANK YOU. COUNCIL ANY OTHER COMMENTS, MR. USSERY? DANNY, I REALLY APPRECIATE ALL OF THE STUDYING THAT YOU DID MANY A TIME.

I'D CALL YOUR HOUSE AND YOUR WIFE SAID THAT YOU WERE DEEP IN THE AGENDA, AND I KNOW THE COMMUNITY APPRECIATES THAT YOU DID THE SAME.

YOU'RE ALSO ONE OF THE FEW PEOPLE IN THIS WHOLE CITY I KNOW THAT HAS AN ENTIRE COMPREHENSIVE PLAN MEMORIZED.

SO THAT WAS GOOD.

ON A PERSONAL NOTE, I JUST WANTED TO TELL YOU THAT EVERY TIME I'VE CALLED YOU AND SAID WE NEED TO GO LOOK AT A PIECE OF PROPERTY RELATED TO AN AGENDA, YOU ALWAYS DID WHATEVER YOU COULD TO BE THERE. AND SO I APPRECIATE YOUR ENGAGEMENT.

I APPRECIATE YOUR ENGAGEMENT WITH ALL OF OUR COMMITTEES LIBRARY, WHICH WAS QUITE INVOLVED.

AND I HOPE THAT YOU'LL CONTINUE YOUR SERVICE IN OTHER AREAS IN THE CITY AND BLESSINGS TO YOUR FAMILY.

DANNY, I JUST WANT TO SAY A QUICK WORD.

I DID THAT KIND OF MEMORY OF DANNY.

IT'S BEEN. IT'S BEEN AN HONOR TO SERVE NEXT TO YOU.

I DON'T THINK YOU KNOW, I DON'T THINK A LOT OF PEOPLE KNOW HOW MUCH KNOWLEDGE AND WORK THAT YOU DID PUT IN.

AND IT'S APPRECIATED, YOU KNOW, AND I THINK I GAINED A FRIEND.

I HOPE I GAINED A FRIEND OUT OF THIS.

I KNOW YOU'RE NOT GOING TO GO ANYWHERE.

AND I LOOK, YOU KNOW, I LOOK FORWARD TO YOU CONTINUING HELPING THE CITY GROW.

[00:10:02]

THANK YOU. YEAH.

I'LL SECOND THE MOTION FROM KEVIN.

HE TOOK PRETTY MUCH WHAT I WAS GOING TO SAY, SO I JUST WAS GOING TO SAY I DON'T REMEMBER ANYTHING WE'VE DONE THAT YOU WEREN'T THERE.

AND A LOT OF PEOPLE IN THIS CITY DON'T REALIZE, PROBABLY THE MAJORITY DON'T REALIZE WHAT YOU DO BEHIND THE SCENES.

YOU'RE ALWAYS PREPARED.

I APPRECIATE THAT. YOU ALWAYS STOOD UP FOR WHAT YOU THOUGHT WAS RIGHT AND YOU ALWAYS PUT THE CITIZENS OF ANNA IN FRONT OF YOURSELF AND I APPRECIATE THAT.

AND I KNOW THAT THE REST OF THE COUNCIL AND THE CITIZENS OF ANNA DO, TOO.

SO STRONG WORK.

GOOD JOB. WELL, I ONLY GOT TO WORK WITH YOU FOR A YEAR, BUT I SAW THE WORK YOU PUT INTO.

IT'S PRETTY EVIDENT THAT YOU CARE ABOUT THE PEOPLE IN THIS COMMUNITY.

SO THAT'S THE MOST IMPORTANT THING FOR ME, REGARDLESS OF ANYTHING ELSE GOING ON.

SO I APPRECIATE IT.

THINK I GOT A COUPLE QUICK, YOU KNOW, ATTABOYS TO SOME PEOPLE AND JUST THANK YOUS.

AND I JUST THANK GOD AND MY FAMILY FOR LETTING ME GET TO DO THIS AND TO I DO HAVE A HEART FOR ANNA AND MARY, YOU'VE SEEN IT IN THEIR OLD COUNCIL.

I USED TO COME UP TO YOU AND SAY, HEY, I WANT TO BE ONE OF Y'ALL SOMEDAY.

AND I DID THAT.

AND I THINK A PLACE.

FIVE FORMER COUNCILMAN NATHAN BRYANT FOR HIS TIME AND HELPING ME, YOU KNOW, MENTOR ME BEFORE I GOT IN THAT ROLE.

AND THEN ALSO JUST THE CITIZENS OF AND NEIGHBORS OF ANNA.

I'M ONE OF Y'ALL.

AND I SAID, MY WHOLE THING IS, WHEN I WAS SITTING BEHIND THE DAIS HERE, I WAS ALWAYS THINKING ABOUT YOU CITIZENS.

THAT'S. YOU KNOW WHO I AM BECAUSE I'M ONE OF Y'ALL.

AND EVEN THOUGH I DID NOT GET ENOUGH VOTES THIS TIME, I'LL BE HERE.

I'LL BE AROUND IF A COUNCIL AGENDA NEEDS ME, THE VOICE AND OPINION, I'LL BE HERE BEHIND THIS PODIUM AND THEN HOPEFULLY BE BACK ON SOME OF THE BOARDS AND COMMISSIONS IN THE NEXT YEAR OR TWO OR IN A FEW MONTHS.

SO THAT'S ALL I GOT.

THANK YOU, MARY. THANK YOU, COUNCILMAN.

AND THEN HISTORICAL TRADITION HERE, I SHOULD SAY. WE HAVE A PARTING GIFT FOR YOU.

THE SIGN.

[INAUDIBLE] THANK YOU AGAIN. THANK YOU.

COUNCIL, ANY OTHER ITEMS UNDER ITEMS OF COMMUNITY INTEREST? OKAY. JUST REAL QUICK, SHOUT OUT TO OUR STAFF.

I DON'T KNOW IF ANYBODY CAN ATTENDED OUR TOUCH-A-TRUCK, BUT THAT WAS AMAZING.

THE AMOUNT OF KIDS RUNNING AROUND AND THE EQUIPMENT AND THE WAY IT WAS ADVERTISED BEFORE, THE WAY THE STAFF HANDLED IT.

SO, JEFF, I THINK YOU HAD A REAL BIG PART OF THAT.

JEFF I FREETH I DO APPRECIATE THAT AND I THINK THIS COUNCIL APPRECIATES EVERYTHING YOU DO FOR THIS CITY AND THEN THE REST OF THE STAFF.

THAT ALSO HELPED BECAUSE I KNOW ROSS WAS THERE, WHICH WAS WEIRD.

BUT YOU KNOW, I APPRECIATE THE STAFF AND THANK YOU GUYS ON BEHALF OF THE STAFF.

THANK YOU. COUNCILMAN.

I GOT ONE THING REAL QUICK.

YEAH, GO AHEAD. JUST SHOUT OUT ALSO TO ANNA FIRE DEPARTMENT TODAY, MCKINNEY BAYLOR HOSPITAL RECOGNIZED EMS CHIEF.

TOM BROWN AS MS PARTNER OF THE YEAR BASED ON THEIR EXCEPTIONAL PERFORMANCE AND A FIRE RESCUE IN LESS THAN A YEAR OF SERVICE SINCE WE'VE TAKEN OVER THE AMBULANCE SERVICE.

SO. STRONG WORK.

AND COUNCILMAN AGAIN, ON BEHALF OF STAFF.

THANK YOU. OKAY.

ALL RIGHT. WE'RE GOING TO MOVE ON TO ITEM FIVE WORK SESSION ZONING DISCUSSION, THE NORTHWEST CORNER OF ROSEMONT PARKWAY AND STATE HIGHWAY FIVE.

[5. Work Session]

ROSS ALTOBELLI, DIRECTOR OF DEVELOPMENT SERVICES.

WITH US THIS EVENING IS BRITTON CHURCH, WHO'S PRINCIPAL WITH ASCENT INVESTMENTS.

THEY CURRENTLY OWN THE PROPERTY THAT'S AT THE NORTH WEST CORNER OF STATE HIGHWAY FIVE AND FERGUSON.

[00:15:06]

COUNCIL. MEMBERS MAYOR, THANK YOU VERY MUCH FOR YOUR TIME THIS EVENING.

MY NAME IS BRITTON CHURCH WITH ASCENT INVESTMENT PARTNERS AND ASCENT IS A LAND DEVELOPMENT AND INVESTMENT COMPANY LOCATED HERE IN DALLAS THAT INVESTS THROUGHOUT REAL ESTATE THROUGHOUT THE STATE OF TEXAS.

PRIOR TO ASCENT, I SPENT 15 YEARS AT A NATIONAL MULTIFAMILY DEVELOPMENT COMPANY DEVELOPING MULTIFAMILY AND MIXED USE NEIGHBORHOODS THROUGHOUT THE STATE OF TEXAS.

ROSS HAD MENTIONED NORTHWEST CORNER OF ROSMAN AND I THINK HE SAID FERGUSON.

BUT AS ROSAMOND AND POWELL PARKWAY, THE SITE THAT IS IN QUESTION HERE IS THE 17.25 ACRE SITE AT THE NORTHWEST CORNER.

YOU'LL BE FAMILIAR WITH THE SITE.

IT'S JUST NORTH OF THE ANNA MIDDLE SCHOOL AND THE FUTURE ANNA ISD FACILITY BUILDING.

WE HAVE SHADOW BEND NEIGHBORHOOD TO OUR WEST AND TO OUR NORTH, AND THEN WE HAVE SOME VACANT LAND AND THE RAILROAD TRACK AND HIGHWAY FIVE TO OUR EAST.

ORIGINALLY THIS TRACT WAS ZONED WITH THE SHADOW BEND SINGLE FAMILY NEIGHBORHOOD DEVELOPMENT, SO IT'S COVERED UNDER THE PD THAT WAS ESTABLISHED WITH THE SHADOW BEND DEVELOPMENT BACK IN 2018, I BELIEVE.

PREVIOUSLY WE WERE BEFORE THE CITY COUNCIL.

I THINK WE WERE THE LAST MEETING IN THE OLD BUILDING BACK IN 2022IN AUGUST, AND WE WERE HERE WITH A DEVELOPMENT PARTNER, FAMILY DEVELOPMENT GROUP THAT PRESENTED THIS SITE PLAN TO THE COUNCIL.

JUST A QUICK SUMMARY.

THIS WAS 172 UNIT TWO STORY TOWNHOME PRODUCT THAT HAD A MIXTURE OF TWO AND THREE BEDROOM UNITS AND THEN REMAINED A 4.65 ACRE RETAIL AND COMMERCIAL PARCEL THERE AT THE HARD CORNER.

THROUGH THAT MEETING WE HAD SOME GOOD POSITIVE FEEDBACK.

ONE OF THE THINGS THAT WE HAD TALKED A LOT ABOUT IS THAT THE SHAPE OF THIS TRACT WAS NOT WELL THOUGHT ABOUT ON AS IT BEING A GOOD COMMERCIAL CORNER.

THE GEOMETRY IS A LITTLE BIT AWKWARD AND THE SIZE IS NOT DEEP ENOUGH TO HAVE ALL OF THE PADS IN A GOOD COMMERCIAL REAR.

SECONDLY, THE RESIDENTIAL AT THE CORNER THERE OF ROSS ROBINSON AND POWELL.

IT WAS MUCH BETTER TO HAVE SOME RESIDENTIAL THERE THAN HAVING THE COMMERCIAL BLEED INTO THAT PORTION OF THE SINGLE FAMILY TO KEEP THE TRAFFIC OFF OF ROBINSON.

AND THEN THE TWO STORY PRODUCT ADJACENT TO THE SINGLE FAMILY FELT APPROPRIATE.

AND THEN THE DESIRE TO KEEP AS MUCH COMMERCIAL AS POSSIBLE ON THE SITE.

AND SO THAT WAS SOME OF THE FEEDBACK THAT WE RECEIVED AT THAT MEETING.

AND THEN SUBSEQUENT TO THAT MEETING IN SEPTEMBER, FAMILY DEVELOPMENT GROUP DECIDED NOT TO MOVE FORWARD WITH THE PROJECT JUST DUE TO THE EVER CHANGING MARKET CONDITIONS.

AND SO THEY PULLED BACK FROM THE PROJECT.

WE ARE THE OWNER OF THE PROPERTY AND SO WE HAD MANY DISCUSSIONS WITH OTHER DEVELOPER GROUPS ABOUT A PROJECT LIKE THIS AND JUST RECEIVED VERY LITTLE TRACTION ON THIS TYPE OF PRODUCT THROUGH THOSE THROUGH THE LAST TEN MONTHS OR SO, WE'VE HAD MANY DIFFERENT GROUPS COME AND APPROACH US ABOUT A POTENTIAL SIMILAR THOUGHT PROCESS, BUT UTILIZING A MULTIFAMILY APPROACH, A MORE TRADITIONAL MULTIFAMILY APPROACH THAN THE TOWNHOME APPROACH.

AND SO PRIOR TO REALLY ENGAGING WITH A DEVELOPMENT GROUP THAT WE ACTUALLY HAVE IN TOW THAT WE'RE CLOSE TO WORKING A DEAL WITH, WE WANTED TO GET FEEDBACK FROM THE CITY COUNCIL SO THAT WE COULD RECEIVE FEEDBACK, GET THAT IMPLEMENTED AND UNDERSTAND YOUR THOUGHT PROCESS ON THE SITE.

SO AS WE WORK THROUGH A NUMBER OF DIFFERENT DESIGN CONCEPTS, WE WANTED TO KEEP A FEW THINGS IN MIND AS WE APPROACH THE SITE.

FIRST AND FOREMOST, WE WANTED TO CONTINUE TO RESPECT THE NEIGHBORHOOD ADJACENCY THAT WE HAVE TO OUR WEST AND TO OUR NORTH.

WE'VE DONE THAT BY BEING VERY INTENTIONAL WITH OUR BUILDING PLACEMENT, INCREASED SETBACKS, LIMITED BUILDING HEIGHT, WHICH WE'LL SHOW YOU INCREASED TREE PLANTING ALONG THE NORTHERN PROPERTY LINE.

AND THEN REALLY NO VEHICULAR CONNECTION TO ROBINSON.

SECOND, WE WANTED TO RETAIN AS MUCH RETAIL AS POSSIBLE LIKE WE TALKED ABOUT LAST TIME.

AND THE RETAIL SIZE IS REALLY SET BY OUR TEXT, CURB CUT SPACING.

AND SO AS WE LOOK AT WHERE I CAN PUT CURB CUTS ALONG HIGHWAY FIVE, THAT'S DRIVING EXACTLY WHERE MY 4.65 ACRES OF RETAIL CAN GO.

AND THEN THIRD, WE WANTED TO ADHERE TO AS MUCH OF THE UNDERLYING CODE AS POSSIBLE AND ONLY MAKE MODIFICATIONS OR REQUESTED MODIFICATIONS TO THAT CODE WHEN IT WAS ACCRETIVE TO THE OVERALL DEVELOPMENT OF THE SITE.

AND THEN LASTLY, WE WANTED TO PROPOSE SOMETHING THAT WE FELT CREATED A DEVELOPMENT THAT INTEGRATED WELL INTO THE NEIGHBORHOOD.

AND SO WHAT YOU SEE HERE IS OUR PROPOSED CONCEPTUAL PLAN.

[00:20:03]

THE FIRST IS VERY SIMILAR WITH THE 4.65 ACRE COMMERCIAL CORNERS THAT PLAN HAS NOT CHANGED FROM WHAT WE SHOWED PREVIOUSLY.

AND THAT DEVELOPMENT IS ALLOWED UNDER THE CURRENT ZONING THAT WE CURRENTLY HAVE.

THE SECOND PORTION IS THIS RESIDENTIAL APPROACH ON THE BACK 12.6 ACRES, AND THIS COMMUNITY WOULD CONSIST OF TWO AND THREE STORY APARTMENT BUILDINGS.

THE YELLOW BUILDINGS THAT YOU SEE, THERE ARE TWO STORIES.

THE BROWN BUILDINGS ARE THREE STORIES AND THE LIGHT BROWN COLOR THERE.

THAT IS WHERE YOU HAVE ATTACHED GARAGES UNDERNEATH THE BUILDING.

WE'LL COME BACK TO THIS SITE PLAN HERE IN JUST A MINUTE WITH SOME MORE DETAIL, BUT WANTED TO TALK A LITTLE BIT ABOUT JUST WHAT THE REQUEST IS, WHAT OUR REQUEST WOULD BE WOULD BE TO COME IN AND MODIFY THE EXISTING PD 797 THAT WAS FORMED BACK IN 2018 TO ALLOW FOR MF2 USES ON THE BACK.

IT'S REALLY 12.6 ACRES OF THE SITE.

WE WOULD REDUCE THE REQUIRED COMMERCIAL BECAUSE CURRENTLY RIGHT NOW THERE'S A REQUIRED COMMERCIAL COMPONENT AND THE OVERALL SHADOW BEND DEVELOPMENT OF EIGHT ACRES AT THE CORNER.

SO IT WOULD BE REQUESTING TO TAKE THAT FROM 8 TO 4.65.

AND THEN WE WOULD LIKE TO REQUEST SOME AMENDMENTS TO THE MF2 ORDINANCE AROUND THESE ITEMS DENSITY SETBACKS, HEIGHT, PARKING AND REFUSE FACILITY PROXIMITY. AND I'LL WALK THROUGH THESE IN A LITTLE BIT MORE DETAIL HERE.

SO AS YOU LOOK AT THE SITE, WHAT WE'RE PROPOSING ON THIS BACK PORTION IS 325 UNITS MAX DENSITY THAT ADDS JUST A LITTLE BIT OVER 25 UNITS PER ACRE, WHICH IS A MID TIER DENSITY FOR TWO AND THREE STORY MULTIFAMILY PRODUCT.

I WOULDN'T CONSIDER THAT OVERLY DENSE.

ONE NOTE HERE IS EVEN WITH THAT INCREASED DENSITY, WE WOULD BE ADHERING TO ALL OF THE REQUIRED OPEN SPACE REQUIREMENTS IN THE EXISTING MF2 ORDINANCE.

AND SO NO REDUCTION OF OPEN SPACE, WE WOULD BE HITTING ALL OF OUR OPEN SPACE REQUIREMENTS.

OOPS, LET ME GO BACK. THE SECOND THING THAT WE WOULD LIKE TO LOOK AT IS SETBACKS AND TAKE JUST A MORE PROGRAMMATIC APPROACH ON SETBACKS AND REALLY, WE ARE ADHERING TO SETBACKS IN A NUMBER OF AREAS AND THEN WE WANT TO INCREASE THEM IN OTHERS.

THE FIRST IS, IF YOU LOOK AT ROSAMUND PIKE OR ROSAMUND PARKWAY, YOU'LL NOTICE THAT THE BUILDINGS ARE PUSHED UP TO THE STREET.

THAT PROVIDES A REALLY GREAT STREET EDGE.

WE'RE HAVING THAT INSTEAD OF A 25 FOOT SETBACK OR A 15 FOOT SETBACK THERE, WE'RE INTERNALIZING THE PARKING.

SO YOU DON'T SEE ANY OF THE PARKING FROM THE RIGHT OF WAY? WE WON'T HAVE A PERIMETER FENCE OUT IN FRONT, BUT WE WILL HAVE CONNECTIVITY FROM THOSE GROUND FLOOR UNITS TO THE STREETSCAPE, WHICH REALLY PROMOTES A LOT OF PEDESTRIAN CONNECTIVITY AND WILL LINK UP WITH ALL OF THE PARK INFRASTRUCTURE THAT'S GOING ON TO THE WEST.

ALONG HIGHWAY FIVE, WE ARE MAINTAINING THE 50 FOOT REQUIRED SETBACK.

ONE OF THE THINGS THAT WE ARE ALSO IMPLEMENTING, THOUGH, IS NOT PARKING IN FRONT OF THE BUILDINGS.

AND SO KEEPING THAT 50 FOOT LANDSCAPE BUFFER THERE AS WELL SO THAT YOU WOULDN'T BE DRIVING DOWN HIGHWAY FIVE AND SEE A POOL OF PARKING, BUT YOU'D BE ABLE TO SEE THE ARCHITECTURAL INTEREST OF THE BUILDING ALONG.

ROBINSON WE ARE ADHERING TO THE 25 FOOT SETBACK AND THEN REALLY WHERE WE SPENT A LOT OF TIME AND EFFORT IS HOW DO WE RESPECT WHAT'S GOING ON WITH THE SINGLE FAMILY ADJACENT TO US. YOU HAVE A MIXTURE OF MOSTLY ONE AND SOME TWO STORY SINGLE FAMILY ADJACENT TO US, AND WE'VE TRIED TO PULL ALL OF THE BUILDINGS OFF WHERE WE CAN TO WHERE THERE'S NO BUILDINGS DIRECTLY ADJACENT TO IT OTHER THAN THESE TWO YELLOW BUILDINGS WHICH ARE SEPARATE.

THEY'RE SET BACK 45FT FROM THE PROPERTY LINE.

AND SO 45FT FROM THE PROPERTY LINE, WE'D HAVE TWO BUILDINGS THERE THAT HAVE TWO STORIES IN HEIGHT LIMITATION.

AND ADDITIONALLY, WE'VE INCREASED THE TREE SPACING ALONG THAT ENTIRE PROPERTY LINE FROM ONE TREE PER 40 TO 1 TREE PER 30FT.

AND SO AS WE THINK ABOUT HEIGHT UNDER THE CURRENT MF2 ZONING, THE MAX HEIGHT IS TWO STORIES OR 45FT IN HEIGHT.

WHAT WE'RE REQUESTING IS THREE STORIES OR 48FT IN HEIGHT FOR THE PROPERTY.

AND SO ALL OF THE BROWN BUILDINGS WOULD BE UNDER THAT.

I ACTUALLY THINK WE COULD PROBABLY GET UNDER 45FT WITH A NINE FOOT PLATE.

AND THEN ON THE BACK PORTION, NO BUILDING WITHIN 60FT OF THE PROPERTY LINE.

THE SINGLE FAMILY ADJACENT PROPERTY LINE COULD BE MORE THAN TWO STORIES.

AND SO TRYING TO REALLY RESPECT THAT, PULLING ALL OF THOSE BUILDINGS OFF THE TWO BUILDINGS THAT WE HAVE THERE ARE OF THOSE HOMES THAT THOSE FACE.

TWO OF THOSE HOMES ARE TWO STORIES AS WELL.

AND THEN LASTLY, THERE'S AN ORDINANCE REQUIREMENT THAT HAS A REFUSE PROXIMITY THAT HOW MANY DIFFERENT TRASH AREAS YOU NEED PER UNIT AND HOW CLOSE THEY HAVE TO BE THE OPERATIONS OF THESE MULTIFAMILY COMMUNITIES HAS CHANGED FUNDAMENTALLY FROM THAT.

EVERYBODY USES A VALLEY TRASH SERVICE.

YOUR TRASH GETS PICKED UP FIVE DAYS A WEEK RIGHT OUT IN FRONT OF YOUR UNIT.

THAT IS TAKEN TO A 30 YARD TRASH COMPACTOR AND COMPACTED.

[00:25:03]

THE WAY WE HAVE IT WORDED IT IS THAT IF WE HAD ENTERED INTO AN AFFIDAVIT, THAT WE WOULD HAVE THAT AS A PART OF OUR COMPONENT, THAT WE COULD LIMIT THAT TO 130 YARD COMPACTOR AREA.

AND THEN LASTLY, IT'S A DISCUSSION AROUND PARKING.

YOU KNOW, HISTORICALLY CITIES HAVE LOOKED AT PARKING ON A PER UNIT BASIS.

AND OVER THE LAST NUMBER OF DECADE, OVER THE LAST DECADE, I THINK THE DEVELOPMENT COMMUNITY, A NUMBER OF CITIES HAVE STARTED LOOKING AT THIS MORE AS A PER BEDROOM REQUIREMENT BECAUSE IT ALLOWS YOU TO FLUCTUATE APPROPRIATELY DEPENDING ON UNIT MIX.

AND SO WHAT WE'RE PROPOSING IS ONE PARKING SPACE PER BEDROOM WITH A 0.2 SPACES PER UNIT ADDITION ON TOP OF THAT AND THEN OF THAT TOTAL PARKING, 20% OF THE UNITS WOULD HAVE ACCESS TO A ATTACHED GARAGE AND THEN 30% OF THE UNITS WOULD HAVE ACCESS TO A CARPORT.

EXCUSE ME, IN YOUR PACKET THAT WE PREPARED, WE'VE WORKED WITH JOE TANG AND ASSOCIATES.

THEY'RE A TRAFFIC ENGINEER AND PARKING CONSULTANT THAT DOES A TON OF ON THE GROUND STUDIES THROUGHOUT THE COUNTRY.

AND SO WE HAVE A LOT OF DATA THAT IS SUPPORTING THESE PARKING REQUIREMENTS.

PARKING IS CRITICAL TO THE LIVABILITY OF THESE COMMUNITIES, NOT ONLY THE COUNT, BUT ALSO THE APPROPRIATE DISTRIBUTION.

AND SO THIS IS WHAT WE'RE PROPOSING.

AND I APOLOGIZE. THIS CHART SHOULD HAVE BEEN UPDATED.

THE 2.25 PER UNIT IS ANNA STANDARD.

WHAT WE'RE PROPOSING ENDS UP BEING ABOUT 1.57 PER UNIT.

IF YOU LOOK AT THAT ON A PER BEDROOM BASIS WITH OUR STANDARD MIX, IT'D BE ABOUT 1.6 IS ANNA'S REQUIREMENT AND WE'RE PROPOSING LIKE 1.2 PER.

THAT WHICH ALIGNS WITH THOSE OTHER NUMBERS.

AND SO THOSE OTHER NUMBERS ARE ON THE GROUND STUDIES OF EXISTING COMMUNITIES THROUGHOUT NORTH TEXAS.

AND YOU HAVE ALL OF THAT DATA IN YOUR PACKET.

LASTLY, NEXT, WE ARE ALSO IN ADDITION TO THE ZONING OPEN TO ENTERING INTO A DEVELOPMENT AGREEMENT.

AND IN THAT DEVELOPMENT AGREEMENT, WE WOULD AGREE TO MASONRY REQUIREMENTS, ROOFING MATERIALS, SPECIAL DESIGN FEATURES SUCH AS BALCONY REQUIREMENTS, BUILDING FACADE ARTICULATION, ARCHITECTURAL FEATURES ON PROMINENT ELEVATIONS.

AND THEN I THINK ONE OF THE THINGS THAT WE'VE HEARD IN THE PAST IS DEVELOPMENT, TIMING.

WHEN IS THIS THING ACTUALLY GOING TO START? AND SO THOSE ARE THINGS THAT WE ARE OPEN TO DOING.

AS YOU THINK ABOUT MASONRY REQUIREMENTS, THIS IS A PROJECT THAT ADHERES TO A 60% MASONRY REQUIREMENT ON THE FRONT ELEVATION AND AN OVERALL MASONRY ELEVATION OF 50% WITH THE REMOVAL OF YOUR TYPICAL WINDOWS OF DOORS, RECESSED PATIOS, THOSE TYPE OF THINGS.

AND I UNDERSTAND THAT MASONRY REQUIREMENTS AND INCREASE IN MASONRY REQUIREMENT IS A GOOD DESIRE.

I THINK SOMETIMES YOU CAN HAVE TOO MUCH MASONRY.

THE MORE IMPORTANT THING IS THE APPROPRIATE ARTICULATION OF MATERIALS WITHIN A BUILDING TO CREATE SOMETHING THAT HAS INTEREST.

AND SO THIS IS FROM A PROJECT THAT WE BUILT OR THAT I BUILT DOWN IN STAFFORD, TEXAS, AND THIS IS WHAT IT LOOKS LIKE ON THE GROUND.

AND SO YOU CAN SEE HOW THE BUILDING FACES THE STREET.

YOU HAVE THIS NICE STREETSCAPE, YOU HAVE A WIDE SIX FOOT SIDEWALK.

THE GROUND FLOOR UNITS ENTER RIGHT OUT ONTO THE SIDEWALK.

WHEN YOU GET INTO THE INTERIOR COURTS, YOU HAVE AT LEAST TWO LEVELS OF MASONRY.

YOU HAVE YOUR REDUCTION WHERE YOU HAVE THEIR RECESSED BALCONIES AND THEN YOU HAVE FANTASTIC ELEVATION ON THE INTERIOR COURTYARDS. AND SO THAT RIGHT THERE, WHAT WE WOULD BE PROPOSING ON MASONRY IS 60% ON THE FRONT ELEVATION AND THEN 40% ON THE REAR INTERIOR FACING.

AND THAT JUST GIVES YOU A LITTLE TASTE OF WHAT THAT CAN LOOK LIKE.

AND SO THAT'S A QUICK OVERVIEW, I THINK, FOR THIS EVENING.

WHAT WE CAME TO WANT TO HEAR IS JUST EAGER FOR YOUR FEEDBACK.

KNOW. I KNOW THAT THERE'S A LOT OF MULTIFAMILY THAT'S GOING ON IN ANNA RIGHT NOW, AND APPROPRIATE LAND USE IS IMPORTANT AND MULTIFAMILY IS NOT REASONABLE AT EVERY LOCATION. I UNDERSTAND THAT.

WE FEEL LIKE WE'VE TAKEN A VERY THOUGHTFUL APPROACH AND THAT THIS SITE ACTUALLY BODES WELL AND IT MAKES SMART LAND USING LAND USE PLAN PLANNING FOR A MULTIFAMILY COMMUNITY HERE AT THAT INTERSECTION.

SO WHAT WE WOULD LIKE TO HEAR IS JUST YOUR FEEDBACK.

SO I THINK PROBABLY A GOOD SLIDE TO SIT ON IS JUST THIS AND WE'D LOVE TO ADDRESS ANY QUESTIONS OR ANY FEEDBACK THAT YOU GUYS MIGHT HAVE.

OKAY. THANK YOU, BURTON.

AND I DO REMEMBER YOUR LAST MEETING IN THAT CITY HALL.

YOU KNOW, A COUPLE OF COMMENTS FOR YOU HERE.

YOU'RE EXACTLY RIGHT.

WE'RE BEING INUNDATED BY MULTIFAMILY DEVELOPERS, SINGLE FAMILY FOR RENT.

[00:30:01]

I THINK THERE'S A LOT OF IT TODAY THAT IS BEING USED INAPPROPRIATELY.

I WOULD AGREE. I DO THINK THAT THIS 17 ACRE SITE IS MORE CONFORMING TO THAT TYPE OF PROJECT.

UM, YOU KNOW, DEFINITELY MAKING SURE THAT THE COMMERCIAL SPACE REMAINS ALONG HIGHWAY FIVE.

I THINK ANOTHER THING THAT IS REALLY.

SOMETHING THAT YOU ALLUDED TO RIGHT THERE AT THE END THAT'S VERY IMPORTANT IS THE FACADE AND THE DEVELOPMENT OF THIS.

I THINK FOR OUR CITY COUNCIL, WE NEED TO BE REALLY CAREFUL ABOUT WHAT WE ARE ALLOWING PEOPLE TO BUILD IN THIS COMMUNITY.

YOU CAN HOLD THEM TO STANDARDS THEY DON'T WANT TO BE HELD TO WHEN IT COMES TO WHAT THEY'RE BUILDING.

SO I APPRECIATE YOUR WILLINGNESS TO LOOK AT A DEVELOPER AGREEMENT ON THAT.

THE ONLY CONCERNS I WOULD GIVE YOU ARE, OF COURSE.

YOU KNOW, I'D LOVE TO SEE MORE OF A TOWNHOME PRODUCT THERE, BECAUSE I DO BELIEVE THAT THE TRANSITIONING IS BETTER WITH THE TOWNHOME PRODUCT.

SO IT'S A LITTLE DISCOURAGING TO HEAR THAT NO ONE SEEMS TO BE INTERESTED IN THAT.

YOU KNOW, I'M NOT WORRIED TOO MUCH ABOUT THE INTERIOR COMPONENTS OF THAT, BUT I WOULD BE WORRIED ABOUT V7 AND V8 IN THE BACK, EVEN THOUGH THAT'S A TWO STORY PRODUCT THAT'S GOING TO BE LOOKING INTO A BUNCH OF NEIGHBORS BACKYARDS.

AND I DON'T KNOW HOW THAT WOULD FLY AS MUCH.

I WOULD ALSO COMMUNICATE THAT.

YOU KNOW, THERE'S GOING TO HAVE TO BE SOME STIPULATIONS IN THERE IN A DEVELOPER AGREEMENT ABOUT THE RETAIL COMPONENT.

YOU KNOW, I'D LOVE TO START SEEING ANNA ATTRACT SOME MORE MIXED USE.

AND THAT'S KIND OF WHAT WE'RE GOING HERE.

BUT, YOU KNOW, THE CONCEPT OF HAVING 3 OR 4 APARTMENT BUILDINGS IS GREAT.

IF I'VE GOT 4 OR 5 NICE DEPARTMENT STORES AND A COUPLE OF RESTAURANTS AND BARS AROUND IT, RIGHT.

IT'S A GREAT CONCEPT.

SO I WOULD JUST NEED TO SEE A LITTLE BIT MORE, YOU KNOW, AS FAR AS WHAT WE'RE LOOKING AT FROM.

BUT, YOU KNOW, DEFINITELY YOU'VE BUILT A NICE PRODUCT ON THAT LAST ONE THAT YOU SHOWED, AND THAT'S WHAT WE'RE LOOKING FOR, RIGHT? THERE WOULD NOT BE A REQUEST FOR INCENTIVES OF ANY TYPE.

YES, SIR. OKAY.

HOW CLOSE? I GOT A COUPLE OF QUESTIONS.

THE PRODUCT THAT YOU SHOWED THAT YOU BUILT.

HOW CLOSE TO THAT IS THIS GOING TO BE? THAT'S IN HOUSTON.

YEAH. NOT DISTANCE WISE.

WHAT I WAS TRYING TO SHOW THERE WAS WHAT DOES 60% MASONRY LOOK LIKE? YOU KNOW, YOU HEAR 60% MASONRY.

AND I THINK YOU MIGHT HAVE SOMETHING POP INTO YOUR MIND OF, OKAY, WHAT IS THAT? AND SO WE HAD A 60% MASONRY REQUIREMENT ON THAT IN THAT ZONING, IT WAS THROUGH A DEVELOPMENT AGREEMENT AND THE CITY OF STAFFORD.

AND SO THAT IS A CONCEPTUAL PLAN.

AND YOU KNOW, FROM IMAGE BOARDS AND CONCEPTUAL PLANS LANGUAGE AND I RESPECT Y'ALL'S SEATS.

LANGUAGE CAN ONLY DO SO MUCH AND YOU HAVE TO PROTECT THE CITY'S INTEREST.

SO WE'RE FINE WITH IN THE DEVELOPMENT AGREEMENT CONCEPTUAL IMAGE BOARDS AND THOSE TYPE OF THINGS TO HELP SOLIDIFY AND PUT SOME MEAT BEHIND WHAT WE SHOW.

AND SO AND I DON'T KNOW, I WOULD LIKE TO I DON'T KNOW IF I WANT TO REDUCE THE AMOUNT OF PARKING THAT MUCH.

YOU KNOW, I GET STUDIES SHOW THIS.

STUDIES SHOW THAT. BUT WE'RE NOT YOU KNOW, THIS IS ANNA.

SO WE'RE, YOU KNOW, WE'RE NOT LOOKING THIS IS A STUDY SHOW HOW MANY CARS PARK OFFSITE TO WALK BACK INTO SITE.

YOU KNOW, YOU KNOW, THEY DON'T SHOW THAT.

SO THERE COULD EVERYWHERE THERE'S RUNNING OUT OF PARKING SPOTS.

AND THEN THE DEVELOPMENT AGREEMENT.

I WOULD REALLY LIKE TO SEE THE RETAIL AREA BE BUILT FIRST OR RIGHT AT THE SAME TIME AND NOT YOU BUILD THE APARTMENTS AND THEN SIT ON THE RETAIL LAND FOR YEARS DOWN THE ROAD.

IF WE'RE GOING TO DO THIS HERE, WHICH LOOKS GREAT AND I'M WITH THE MAYOR, NOBODY SEEMS TO WANT TO BUILD TOWNHOMES AROUND THIS PLACE, AND I DON'T GET IT.

BUT THE TWO STORY, TWO STORY APARTMENT, THEY KIND OF I WORRY ABOUT THOSE THE MOST.

BUT I REALLY.

IF WE DO THIS HERE, I'M GOING TO PERSONALLY, I'M GOING TO NEED TO SEE IN THE DEVELOPMENT AGREEMENT THAT THE RETAIL IS DONE AT THE SAME TIME.

YEAH, THAT WOULD BE A DEAL KILLER.

ALL THE RETAIL RIGHT NOW IS GOING TO ROSAMOND AND 75 RETAIL CONNECTIONS WORKING WITH T GRIFFIN AND THEY'RE TRYING THEIR OUT AT ICSE RIGHT NOW TRYING TO GET RETAIL THERE.

ALL THE RETAIL IS GOING THERE FIRST AND RETAIL FOLLOWS ROOFTOPS.

[00:35:04]

SO THE RETAIL WILL COME, BUT THAT WOULD BE A DEAL KILLER FOR US AND WE COULDN'T AGREE TO THAT.

I CAN'T THERE'S A LOT THAT I CAN AGREE TO, BUT IT WOULD BE.

DO YOU ALL ALSO MANAGE THE APARTMENTS OR DO YOU ALL JUST BUILD AND MOVE ON? WE WOULD BE WORKING WITH THE DEVELOPMENT PARTNER TO BUILD THEM.

AND I MEAN, ANYBODY THAT TELLS YOU THAT THEY HOLD AN APARTMENT BUILDING FOREVER IS LYING TO YOU.

YEAH, THEY BUILD THEM TO SELL. I GET THAT.

BUT SO Y'ALL JUST BUILD AND THEN SOMEONE ELSE BUYS AND MANAGES.

SO YOU ARE IN AND OUT. THE TYPICAL PROCESS IS THAT YOU BUILD, YOU LEASE UP, STABILIZE, AND THEN YOU STRUCTURE THESE DEALS TO BE ABLE TO SELL WHEN THE TIME IS RIGHT TO SELL.

OKAY. SO THAT WOULD BE THE COMPONENT.

ALL RIGHT AND BACK TO YOUR PARKING COMMENT.

I UNDERSTAND THE CONCEPT OF, HEY, WE WANT MORE PARKING, MORE IS BETTER.

THERE'S THINGS YOU GIVE UP WITH THAT OPEN SPACE.

YOU KNOW, WE THESE STUDIES THAT ARE DONE ARE OVER LONG PERIODS OF TIME AND THEY'RE DONE IN A WAY THAT THEY'RE MEASURING PEAK PARKING.

AND MOST OF THESE BUILDINGS, THEY RUN AT 92 TO 94% OCCUPIED.

SO YOU ALREADY HAVE A 6% TO 8% BUFFER IN YOUR PARKING RIGHT OFF THE BAT.

AND THEN YOU LOOK AT PEAK DEMAND OF PARKING AND I WOULD TELL YOU THAT 1.05 SPACES PER BED IS MORE THAN ADEQUATE ACROSS EVERY DEAL THAT WE'VE EVER OR THAT I'VE EVER BUILT.

I'VE BUILT 25 DEALS THROUGHOUT TEXAS, AND THAT'S WHAT WE HIT.

AND WE'RE IT'S A WASTE OF CONCRETE.

IT'S A WASTE OF OPEN SPACE TO OVER PARK THESE DEALS.

BUT I UNDERSTAND THE CONCERN.

I JUST THE THE DATA OF THE PROFESSIONALS SAYS THAT WE'RE ALREADY OVER PROVIDING FOR THAT.

AND SO, AGAIN, SOME PROFESSIONALS ARE NEVER VISITED.

MCKINNEY.

WELL, I'M NOT SAYING THAT EVERY DEAL HAS BEEN DONE PERFECTLY.

I'M NOT SAYING THAT EVERY DEAL HAS BEEN DONE RIGHT.

BUT THOSE THAT ARE SO PARKING IS A COMPONENT OF TWO THINGS.

IT'S A NUMBER OF SPACES AND ALLOCATION OF SPACES.

AND YOU HAVE TO UNDERSTAND THOSE ALLOCATIONS.

IT HAS TO BE DONE APPROPRIATELY.

IF I HAVE 200 EXTRA SPACES, BUT THEY'RE ALL AT THE NORTHERN PART OF THE PROPERTY.

I HAVE A PARKING ISSUE ON MY SOUTH WESTERN PORTION OF THE PROPERTY.

AND SO I UNDERSTAND THE CONCERN, I REALLY DO.

BUT PARKING IS ONE OF THESE THINGS THAT MORE IS NOT ALWAYS BETTER.

YOU HAVE ONE SPACE PER BEDROOM, SO EVERYBODY HAS A CAR SPACE AND THEN YOU HAVE A 20% VISITOR RATIO ON TOP OF THAT AND THEN YOU HAVE A BUFFER IN THERE OF THE COME AND GO TIMES.

YOU HAVE THE INHERENT VACANCY THAT YOU HAVE IN THESE DEALS.

I THINK ANNA RIGHT NOW IS 93% OCCUPIED OR JUST THE ANNA MR KIND OF MCKINNEY MELISSA, THOSE DEALS.

AND SO I UNDERSTAND THE CONCERN.

I WOULD JUST MAYBE PUSH BACK A LITTLE BIT ON.

EXPLORING, GETTING COMFORTABLE WITH A DIFFERENT APPROACH.

SO. OKAY.

THANKS. AND I WANT TO MAKE ONE MORE COMMENT.

BRENTON YES, SIR. BECAUSE IT MAY KILL YOUR DEAL, BUT PART OF THAT DEVELOPER AGREEMENT, AS FAR AS ENTITLING THIS FOR YOU, WOULD COME WITH SOME COMPONENTS OF RETAIL CONSTRUCTION. DOES IT MEAN YOU WOULD HAVE TO HAVE THEM FILLED? BUT I'M NOT PERSONALLY COMFORTABLE ENTITLING IT WITH A RETAIL COMPONENT THAT SITS FOR 12 YEARS THAT'S JUST ENTITLED FOR A LAND FLIP DEAL.

SO WE'RE REALLY ONE ONE THING WE ARE LOOKING FOR IN ANNA THAT KEVIN MENTIONED IS PROJECTS READY TO GO.

YEAH, FOR SURE. I UNDERSTAND THAT'S MULTIFAMILY ALL THE WAY.

IF THERE'S A RETAIL COMPONENT, WE NEED TO MAKE SURE THAT'S PART OF THE EQUATION AS WELL.

AND IF IT'S NOT, THEN I THINK YOU WOULD HAVE A LITTLE BIT OF TROUBLE WITH IT, IN ALL HONESTY.

OKAY. THANK YOU FOR THAT FEEDBACK.

SURE. WHAT WAS THE TOTAL OCCUPANCY AT BUILD OUT? I THINK TYPICAL HISTORICAL OCCUPANCY IN MULTIFAMILY THROUGHOUT NORTH TEXAS IS ANYWHERE BETWEEN 92 TO 94% OCCUPIED.

YEAH, I MEAN, NUMBER WISE, YOU'RE LOOKING AT 300, 325, 325, WHICH IS JUST SLIGHTLY OVER 25 UNITS PER ACRE.

THE ONLY ISSUE I WOULD JUST KIND OF LOOKING AT YOUR MAP OR DO YOU ONLY HAVE ONE ENTRANCE OFF OF ROSEMONT? IS THAT RIGHT? WE HAVE THE ENTRANCE OFF OF ROSEMONT AND THEN THE ENTRANCE OFF OF POWELL.

RIGHT. SO TWO ENTRANCES.

AND THAT ENTRANCE OFF OF ROSEMONT ALIGNS WITH THE FUTURE CURB CUT AS A COMPONENT OF THIS DEVELOPMENT.

WE WOULD BE RESPONSIBLE FOR BUILDING THE TWO NORTHERN ROAD LANES OF ROSEMONT AS WELL, ALL THE WAY TO HIGHWAY FIVE.

I WOULD JUST MAKE YOU AWARE THAT CERTAIN TIMES OF THE DAY IN THE SCHOOL YEAR, IT'S GOING TO BE REALLY HARD GETTING IN AND OUT OF THAT PROPERTY.

AND THEN GREG'S GOING TO WANT ME TO PUT A LIGHT IN THERE.

I'M NOT GOING TO WANT TO DO IT.

ANYONE WILL ANYWAYS.

I THINK I LIKE TO PLAY IN THERE WHEN THEY DO THE EXPANSION, SO FROM WHAT I'VE SEEN IN THOSE EXPANSION PLANS.

SO THANK YOU.

[00:40:03]

THANK YOU, GUYS. APPRECIATE IT.

THANK YOU. WE'RE GOING TO MOVE ON TO ITEM SIX COUNCIL CONSENT ITEMS.

[6. Consent Items]

ANY ITEMS THAT NEED TO BE PULLED OFF THE CONSENT AGENDA.

IF NOT, I WILL TAKE A MOTION ON THE CONSENT ITEMS. MAYOR I'LL MAKE A MOTION TO APPROVE ITEM SIX A THROUGH G.

OKAY. I HAVE A MOTION BY COUNCILMAN TOTEN.

DO I HAVE A SECOND? SECOND BY COUNCILMAN BAKER? ALL IN FAVOR? GOTTA TURN YOUR MIC ON, ELDEN.

HI. YES.

MOTION PASSES.

[7. Items For Individual Consideration]

ITEM MAY CONSIDER DISCUSS ACTION ON A RESOLUTION REGARDING SCHAUBERG ANNA RANCH SUBDIVISION IMPROVEMENT AGREEMENT.

ALTOBELLI. YES.

THANK YOU, MAYOR. ITEM SEVEN A IS ACTUALLY TIED TO ITEM SEVEN B.

IT IS THE SUBDIVISION IMPROVEMENT AGREEMENT THAT DETAILS OUT DEVELOPMENT STANDARDS ASSOCIATED WITH THE PROJECT, AS WELL AS BUILDING MATERIALS, CONSTRUCTION TIMELINES, AS WELL AS SOME OFF SITE IMPROVEMENTS.

AGAIN, SIMILAR TO ANY OTHER DEVELOPMENT AGREEMENT OR SUBDIVISION IMPROVEMENT AGREEMENT, APPROVAL OF THIS DOES NOT PLACE ANY OR DOES NOT RESTRICT COUNCIL.

IT DOES NOT REQUIRE COUNCIL'S APPROVAL OF ITEM SEVEN B, IT JUST PUTS IN PLACE THE STANDARDS IF COUNCIL DOES MOVE AHEAD AND APPROVE THE FOLLOWING AGENDA ITEM. I'D BE MORE THAN HAPPY TO ANSWER ANY QUESTIONS THAT YOU MAY HAVE.

DO WE NEED TO APPROVE THAT FIRST, CLARK? CAN WE JUST MOVE ON TO THE PUBLIC HEARING TO SEE IF THE ZONING PASSES? COUNCIL. ANY QUESTIONS ON ITEM EIGHT? WHAT IF IT'S DENIED? THEN IT DOESN'T MATTER.

OH, IT DON'T MATTER. OKAY.

A MOTION ON ITEM.

I MOVE TO APPROVE. A MOTION BY MR. BAKER. COUNCILMAN BAKER.

DO I HAVE A SECOND? EVERYBODY'S LOOKING TO HAVE A SECOND.

I'D LIKE TO HEAR THE ZONING CASE.

I WOULD. I WILL TELL YOU THIS.

I WOULD RECOMMEND YOU APPROVE IT.

OTHERWISE, YOU DON'T HAVE A DEVELOPER AGREEMENT ON THE PROPERTY.

YOU DON'T HAVE THE NEGOTIATIONS OF QUALITY STANDARDS.

I'LL. I'LL SECOND.

OKAY. DEPUTY MAYOR PRO TEM WITH A SECOND.

ALL IN FAVOR? AYE.

YES.

MOTION PASSES.

ALL RIGHT. NOW WE'RE GOING TO MOVE ON TO THE DEVELOPER AGREEMENT OR I'M SORRY, ITEM B, WHICH IS CONDUCT A PUBLIC HEARING TO CONSIDER DISCUSS ACTION ON AN ORDINANCE TO REZONE 170 PLUS ACRES LOCATED ON THE NORTH AND SOUTH SIDE OF EAST FOSTER CROSSING 1645 PLUS OR MINUS FEET EAST OF FUTURE LEONARD AVENUE FROM PLANNED DEVELOPMENT TO PLANNED DEVELOPMENT TO ALLOW SINGLE FAMILY RESIDENTS AND MULTI-FAMILY RESIDENTS TO SF 72 SINGLE FAMILY RESIDENCE DISTRICT, SF 60 SINGLE FAMILY AND SF Z SINGLE FAMILY RESIDENT DISTRICT ZERO LOT LINE HOMES AND.

TO MULTIPLE FAMILY RESIDENTIAL HIGH DENSITY WITH MODIFIED DEVELOPMENT STANDARDS.

I'M GOING TO OPEN THE PUBLIC HEARING AT 6:45 P.M.

SO AS WAS MENTIONED IN THE DESCRIPTION, THE AREA OF THE REQUEST HERE IS SHOWN IN BLUE.

IT'S ON THE NORTH SIDE OF EAST FOSTER CROSSING, AS WELL AS THE SOUTH SIDE OF EAST FOSTER CROSSING.

AS PART OF THIS REQUEST, THE APPLICANT IS PROPOSING TO MODIFY AN EXISTING PLAN DEVELOPMENT THAT WAS ESTABLISHED IN 2007.

THE PROPOSED ZONING WOULD ALLOW FOR MULTIFAMILY TO ON ROUGHLY 35 ACRES.

AND THEN THERE'S THREE RESIDENTIAL ZONING DISTRICTS SF 72, THE SF 60, AS WELL AS THE SF Z.

THE EXISTING ZONING THAT'S CURRENTLY IN PLACE FOR THE PLANNED DEVELOPMENT IS WHAT WAS IDENTIFIED AS AN SFD PRODUCT, WHICH WAS A 70 BY 120 PRODUCT AS WELL AS AN SFA, WHICH IS ROUGHLY A 55 BY 110 PRODUCT.

AGAIN, THERE ARE MINIMUM AND MAXIMUM REQUIREMENTS ASSOCIATED WITH TWO OF THE ZONING DISTRICTS.

THE APPLICANT, AS WELL AS THE PLANNING AND ZONING COMMISSION, RECOMMENDED THAT THERE BE A MINIMUM OF A 100 SF 72 LOTS AND THAT THERE BE A MAXIMUM OF 300 OR NO MORE THAN 300 SF LOTS.

ADDITIONALLY, AS PART OF THIS REQUEST, THE APPLICANT IS PROPOSING ADDITIONAL STIPULATIONS TO ENHANCE SOME OF THE FEATURES.

[00:45:03]

ALSO, THE APPLICANT IS PROPOSING TO INCREASE THE LANDSCAPE BUFFER, WHICH IS A CARRYOVER STIPULATION THAT WE CURRENTLY HAVE ON THE PROPERTY TO THE EAST, AS WELL AS SOME ENHANCED SIDEWALKS, HIKE AND BIKE TRAIL CONNECTIONS WITHIN AND AROUND THE PERIMETER OF THE DEVELOPMENT.

ALSO, THIS TYPE OF DEVELOPMENT CREATES A DIFFERENT RANGE OF HOUSING OR PROVIDES, YOU KNOW, A A RANGE OF HOUSING.

AND YOU'LL BE ABLE TO SEE IN THEIR CONCEPTUAL LAYOUT HOW IT'S INTERMINGLED THROUGHOUT EACH OTHER.

AND AS I MENTIONED PREVIOUSLY, THERE ARE SOME MINIMUM MAXIMUM LOT TYPES THAT ARE PROPOSED.

HERE'S THE CONCEPTUAL LAYOUT THAT IDENTIFIES AS IT'S COLOR CODED, THAT IDENTIFIES THE DIFFERENT TYPES OF LOTS, IDENTIFIES THE LOCATIONS, AND AS YOU CAN SEE, THE MULTIFAMILY ZONING IS ON THE SOUTH SIDE OF EAST FOSTER CROSSING THAT LAND AREA IS ACTUALLY BUFFERED BY AN EXISTING CONCRETE PLANT AS WELL AS AN ELECTRICAL SUBSTATION.

SO THAT IS THE APPLICANT LOOKED AT THAT ZONING AS APPROPRIATE.

ADDITIONALLY, ACROSS OR JUST TO THE EAST, THERE IS ADDITIONAL MULTIFAMILY THAT WAS REQUESTED AND APPROVED A FEW YEARS BACK ASSOCIATED WITH ANNA RANCH PHASE TWO OR EXCUSE ME, IN A RANCH, PHASE THREE, I BELIEVE IT IS.

SO LOOKING AT THE COMPREHENSIVE PLAN, THERE ARE A FEW ELEMENTS IN WHICH THIS WAS IN CONFORMANCE WITH.

BASICALLY, IT CREATES A DIVERSE MIXTURE OF HOUSING.

IT ALSO PROVIDES A COMPLETE TRAIL NETWORK AND CONNECTIONS WHERE THE APPLICANT IS PROPOSING TO DEVELOP A TRAIL SYSTEM THAT WILL CONNECT THROUGH THE EXISTING ANNA RANCH DEVELOPMENT, WHICH WILL EVENTUALLY GET OVER TO THE ELEMENTARY SCHOOL AS WELL AS THE MIDDLE SCHOOL.

AND ADDITIONALLY, THE APPLICANT IS PROPOSING TO DEVELOP A NEIGHBORHOOD OR A REGIONAL PARK THAT WILL INCLUDE DIFFERENT BALL FIELDS.

AND AGAIN, THIS PARK LAND DEVELOPMENT WOULD BE SOMETHING THAT YOU WOULD SEE IF THIS WAS TO BE APPROVED.

YOU'D SEE DURING THE PRELIMINARY PLAT STAGE WHERE IT WOULD EVENTUALLY BE INITIALLY REQUIRED TO GO TO THE PARKS BOARD FOR RECOMMENDATION PRIOR TO COUNCIL APPROVAL OF SUCH.

AT THE MAY 1ST PLANNING AND ZONING COMMISSION MEETING, THEY DID VOTE 6 TO 1 TO APPROVE THE REQUEST, SUBJECT TO RESTRICTIONS CONTAINED WITHIN THE ORDINANCE AND WITHIN SIDE STAFF REPORT THAT YOU ALL HAVE THIS EVENING.

WE DID RECEIVE ONE LETTER OF SUPPORT AS WELL AS 16 LETTERS OR EMAILS IN OPPOSITION TO THE ZONING AMENDMENT REQUEST.

I'D BE MORE THAN HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE ON THIS.

ALSO, THE APPLICANT IS HERE WITH A BRIEF PRESENTATION.

MAYOR COUNCIL.

THANK YOU FOR HAVING ME BACK.

MY NAME IS JOHN ARNOLD.

I'M WITH SCOREBOARD COMPANY 8214.

WEST CHESTER STREET, DALLAS, TEXAS.

75225. AND AS ROSS SAID, I'LL TRY TO MAKE OUR PRESENTATION BRIEF, BUT GET THROUGH IT ALL.

WE'RE GOING TO GO THROUGH A COMPANY BACKGROUND, PROPERTY LOCATION, PROPOSED ZONING OF THE SINGLE FAMILY AND MULTIFAMILY ADDITIONAL PROJECT ELEMENTS LIKE THE PARK PLAN, IMPROVEMENTS, PRESERVATION, NATURAL OPEN SPACE, INFRASTRUCTURE IMPROVEMENTS, AND OUR REPRESENTATIVE PRODUCT AND DEVELOPMENT STANDARDS.

SCOREBOARD COMPANY, DFW BASED DEVELOPMENT COMPANY WITH 40 YEARS EXPERIENCE.

WE'RE PRIVATELY OWNED.

WE'VE DONE ABOUT 140 DEVELOPMENT PROJECTS IN 30 DIFFERENT CITIES AROUND DFW.

WE'RE STRICTLY DFW.

WE AREN'T IN AUSTIN OR HOUSTON.

WE'RE ALL DFW.

WE HAVE ABOUT 25 PROJECTS GOING ON AT THIS TIME, EITHER IN ACTIVE DEVELOPMENT CONSTRUCTION OR IN BUILDOUT.

WE HAVE A REPUTATION FOR BUILDING HIGH QUALITY, LONG LASTING COMMUNITIES, AND OUR PROJECTS RANGE FROM ANYWHERE FROM 800 ACRE MASTER PLANS CAIN OF TOWN SQUARE AND STONE CREEK AND ROCKWALL DOWN TO FIVE ACRE TOWNHOME PROJECTS OR MANY DIFFERENT KINDS OF PROJECTS.

OUR PROJECTS IN ANNA, WE STARTED PECAN GROVE IN 2007 AND A TOWN SQUARE ZONE THAT IN 2007 STARTED CONSTRUCTION IN 2013 OR 14, I BELIEVE I WAS HERE WITH THE GROUNDBREAKING, BUT I CAN'T REMEMBER WHAT YEAR THAT WAS.

AND THEN OUR SUBJECT PROPERTY IS JUST TO THE EAST ANNA TOWN SQUARE, ABOUT 600 ACRES, 2000 SINGLE FAMILY LOTS,

[00:50:04]

AND OUR BUILDERS IN THAT ARE WINDSOR HOMES, HORTON, MECKE, PULTE AND PACESETTER.

IT'S KIND OF SHIFTED THROUGHOUT THE YEARS AND THEN TYPICAL LOT SIZE OF 6000 UP TO 1500 SQUARE FOOT.

WE HAVE ABOUT A 120 ACRES OF THAT MIXED USE.

THAT'S MAINLY MULTIFAMILY, SENIOR LIVING, HOPEFULLY ANOTHER PROJECT SOON WITH THE MIXED USE IN IT WITH SOME RETAIL AND MULTIFAMILY.

GARDEN GROVE, WEST OF HIGHWAY FIVE AND THEN STONE CREEK IN ROCKWALL IS ANOTHER ONE OF OUR COMMUNITIES.

LIKE I'VE SHOWED YOU ALL THIS BEFORE IN THE PAST.

I'LL KIND OF FLIP THROUGH SOME OF THESE ENTRY FEATURES WE'VE DONE IN THE PAST.

OUR PROPERTY LOCATION, AS ROSS POINTED OUT, IT'S ON EAST ROSTER CROSSING NORTH AND SOUTH OF THAT JUST EAST OF THE CURRENT ANNA RANCH PHASE THAT'S BEING DEVELOPED BY GLENN HOMES AND JUST NORTH OF THE OUTER LOOP.

SUBJECT PROPERTY, LOCATION.

I'LL GO THROUGH THAT AGAIN. NORTH OF US IS ANNA.

RESIDENTIAL. EAST OF US IS RESIDENTIAL COMMERCIAL USE AND CHAPMAN CONSTRUCTION SOUTH OF US IS MAINLY INDUSTRIAL, THE ONSHORE SUBSTATION WITH POWER LINES.

NELSON BROTHERS READY MIX PLANT AND READY MIX BATCH PLANT.

TO THE WEST OF US IS ANNA RANCH ONE A THROUGH ONE SEE FUTURE RANCH PHASE TWO MF2 TOWNHOME AND A SMALL PARK AREA THERE AND AS LONG AS ALSO COMMERCIAL DOWN IN COLLIN COUNTY OUTER LOOP.

UM, THIS IS, THIS PLAN CONFORMS WITH A PLAN THAT I SHOWED Y'ALL IN, I THINK IT WAS NOVEMBER.

CAME TO COUNCIL FOR WORK SESSION WITH THE IDEA OF THE PARK.

AND ONE OF THE FIRST THINGS THAT WAS MENTIONED TO ME WAS BUILD THE ROADS.

AND THEN THE CONVERSATION IS DRIVEN WITH P AND Z THROUGH COUNCIL IS WHAT ARE HAPPENING WITH THE ROADS AROUND THERE.

AND THAT'S I KNOW THAT'S A VERY IMPORTANT PART OF THIS PROJECT WITH THROUGH.

FROM NOVEMBER TO NOW. I'VE BEEN WORKING WITH STAFF AND MY UNDERSTANDING IS THAT LEONARD AVENUE PLANS FROM ALL THE WAY UP FROM THE SCHOOL DOWN TO CONNECT TO THE OUTER LOOP ARE IN DESIGN AND WITH ANTICIPATION OF STARTING CONSTRUCTION IN 2024 AND COMPLETING IN 2024.

I MENTIONED THIS IN A SECOND, BUT WE DON'T PLAN TO FINISH IF WE START THIS PROJECT, WE DON'T PLAN TO FINISH UNTIL ABOUT THE FIRST QUARTER OF 20.

25 HOMES WOULDN'T BE ON THE GROUND UNTIL PROBABLY THE THIRD QUARTER OF 2025.

SO THAT GIVES A LOT OF CUSHION FOR THAT.

LEONARD AVENUE.

ALSO THE PHASE TO THE WEST OF US ANNA RANCH IS IN DESIGN AS WELL AND EXPECTED TO START CONSTRUCTION SOON.

SO FOSTER CROSSING OVER TO US SHOULD BE CONSTRUCTED BY.

BY THE TIME WE HIT GROUND.

ONE OF THE THINGS IN OUR DEVELOPER'S AGREEMENT, OR SIA, IS THAT THE SINGLE FAMILY FOSTER CROSSING BOTH SIDES OF THE ROAD WILL BE CONSTRUCTED WITH A SINGLE FAMILY BEFORE A HOME IS OCCUPIED.

THAT ROAD HAS TO BE COMPLETED.

AND THEN ALSO WE HAVE A TRAIL SYSTEM.

THE TRAIL SYSTEM SHOWS THAT IT GOES ALL THE WAY ACROSS.

THAT'S THE PLAN TO EVENTUALLY HAVE A TRAIL TRAIL ALL THE WAY OVER TO THE SCHOOL.

SO WE'D HAVE A TRAIL THROUGH OUR PARK THAT WILL BUILD WITH OURS.

AND THE PLAN IS TO BUILD IT ALL THE WAY TO THE OVER TO THE WEST.

AND THEN BOTH ANNA RANCH TO THE WEST OF US AND OUR SITE WILL BOTH HAVE A TEN FOOT TRAIL ALONG LEONARD KIND OF MEANDER ALONG THE FRONT OF FRONT OF LENDER LEONARD SORRY.

FOSTER EAST FOSTER CROSSING.

SO THAT'S KIND OF THE CONNECTIVITY THAT WE DISCUSSED PREVIOUSLY WHEN WE WERE IN OUR WORK SESSION.

CHANGES IMPLEMENTED FROM P AND Z.

AS ROSS MENTIONED, THAT P AND Z REDUCED OUR OVERALL COUNT OF 300 316 Z LOTS TO 300 AND INCREASE THE MINIMUM TO 100.

WE AGREE TO THAT.

THEY ALSO ASKED US TO ALTERNATE ON THE 40 FOOT LOTS, THE Z FROM FRONT YARD AND BACK YARD TREES TO DO ALTERNATING SO THAT THE THEY BELIEVE THE STREET FRONT WILL LOOK A LOT BETTER IF WE HAVE ALTERNATING TREES EACH LOT, HAVE A TREE IN FRONT OF EACH LOT, HAVE A BACK.

THEY JUST THINK THE ESTHETICS WOULD BE NICER.

THAT WAS A RECOMMENDATION BY P AND Z AND WE OBLIGED AND THEY ALSO PUT A RESTRICTION ON THE MULTIFAMILY THAT IF ANY.

ANY. BASICALLY, THIS IS WE CAN'T GO BELOW.

I'M NOT VERY GOOD AT BASICALLY THIS FOR BUILD FOR RENT.

WE CAN'T GO DOWN TO SINGLE UNIT I GUESS.

SINGLE UNIT OR DOUBLE UNIT DUPLEXES.

[00:55:01]

PERMITS. IF WE CAME IN TO DO VFR, WE'D HAVE TO COME UP WITH A SITE PLAN.

EITHER WAY, WE HAVE TO COME IN FOR A SITE PLAN ON THAT MULTIFAMILY LAND SO Y'ALL WOULD BE SEEING IT AND HAVE TO APPROVE THAT.

UM, FOR THE STAFF REPORT.

AS ROSS MENTIONED, A PROPOSED ZONING SERVES AS A COMPLEMENTARY LAND USE TO THE SURROUNDING AREA, SUPERIOR TO WHAT THE EXISTING ZONING IS.

EXISTING ZONING CURRENTLY HAS NO RESTRICTIONS ON ANY KIND OF BUILDING CODES.

THERE'S NO OPEN SPACE REQUIREMENTS.

THOSE OPEN SPACE REQUIREMENTS WERE SATISFIED WITH OTHER PHASES.

SO THIS REALLY BRINGS THIS THE ZONING FROM SIX OR 7 OR 8 TO THE FUTURE.

IT'S A LOGICAL TRANSITION FROM THE HIGHER INTENSITY USES ALONG THE COLLIN COUNTY OUTER LOOP AND INTERIOR SUBURBAN RESIDENTIAL.

SO ON COLLIN COUNTY OUTER LOOP TO THE SOUTH OF US, WE HAVE THE ONCOR SUBSTATION, WE HAVE THE READY MIX PLANT AND WE HAVE TWO READY MIX PLANTS BLOCKING US FROM THE OUTER LOOP. AND THERE'S NOT REALLY A TIMELINE FOR WHEN THOSE READY MIX WOULD GO AWAY IF THEY EVER WENT AWAY.

SO WE JUST THINK OF THIS MORE LIKE TO THE WEST OF US THAT THIS IS MORE OF A TRANSITIONAL IF THOSE READY MIX DO GO AWAY, THERE WILL BE COMMERCIAL.

THE ENCORE PLANT WON'T EVER GO AWAY.

BUT THIS MULTIFAMILY IS A GOOD TRANSITION UP TO THE PARK.

THE PARK PROVIDES A LOT OF OPEN SPACE FOR THIS AREA, FOR MULTIFAMILY, I THINK THIS IS A LOGICAL AREA FOR MULTIFAMILY.

AND THEN THE PROPOSED ZONING ALSO FOR STAFF MEETS THE GOALS OF THE COMPREHENSIVE PLAN.

OUR SINGLE FAMILY ZONING OVERVIEW.

WE'RE AT 551 SINGLE FAMILY UNITS.

THAT'S 4.1 UNITS PER ACRE.

A TYPICAL LOT SIZE IS 4600 TO 7200.

WE HAVE A CONTIGUOUS 30 PLUS ACRE PARK PROVIDES A CITY A UNIQUE OPPORTUNITY FOR CENTRALIZED NEIGHBORHOOD PARK.

IT'S OVER 30% OF THE SINGLE FAMILY ACREAGE AND WE'RE AT 300 SFCS FOR 149 50 FOOT LOTS AND 102 60 FOOT LOTS.

TYPICAL HOUSE SIZE WILL RANGE ANYWHERE FROM 1500 TO 3000FT².

MF RESIDENTIAL.

AGAIN, ONE OF THE MAIN THINGS I WANT TO POINT OUT IS THIS.

IT COMES IN WITH THE BASE ZONING, SO ANYTHING THAT COMES FORWARD WILL NEED COUNCIL APPROVAL WITH THE CONCEPT PLAN.

SO A MORE DETAILED CONCEPT PLAN THAT'LL ADDRESS PARKING, THAT'LL ADDRESS ALL THOSE.

NOW THE. CONSTRUCTION DETAILS WOULD NEED TO COME BEFORE COUNCIL.

AND WE SEE THIS AREA AS A MULTIFAMILY AREA, NOT AS A SINGLE FAMILY AREA.

AND I THINK THE ULTIMATE DENSITY OF THIS AREA WILL BE DETERMINED BY THE MARKET.

ALSO ANOTHER THING, THE MULTIFAMILY CAN'T BE BUILT AT THIS POINT RIGHT NOW BECAUSE THERE NEEDS TO BE OFFSITE SEWER IMPROVEMENTS ALL THE WAY DOWN TO MELISSA IN ORDER TO TO SERVE THAT MULTIFAMILY. SO WE NEED TO WORK THAT OUT AND FINISH THAT AGREEMENT WITH MELISSA TO GET US DOWN THERE.

UM, THESE ARE SOME PICTURES OF THE SURROUNDING ENVIRONMENT.

WE HAVE THE POWER LINES, THE SUBSTATION AND THE TWO READYMIX PLANTS.

WE JUST DON'T BELIEVE THAT THIS IS A GREAT PLACE FOR SINGLE FAMILY TO BE BACKING UP TO THAT.

THE PARK. A LITTLE MORE DETAIL ON THE PARK.

ITS 30 ACRES EXCEEDS A 17 ACRE REQUIREMENT AND POSSIBLY FEE.

AND LOU INCLUDES BOTH NATURAL FEATURES AND LEVEL GROUND FOR SPORTING FIELDS.

WE WENT TO PARKS BOARD EARLY ON, WERE APPROVED IN JANUARY FOR THE TO RECOMMEND TO COUNCIL TO ACCEPT THE PARK.

AND SINCE THAT TIME WE'VE BEEN WORKING WITH PARK ON WHAT THE PARKS BOARD AND WHAT THIS NEIGHBORHOOD WHAT THIS NEIGHBORHOOD PARK WOULD COMPOSE OF.

AND ONE OF THE MAIN THINGS WAS SPORTS FIELDS, OPEN SPACE.

THIS IS A GREAT FLAT AREA OF LAND.

IT WOULD BE GREAT FOR SOCCER FIELDS OR BASEBALL FIELDS OR ANY KIND OF FIELDS.

WE'RE SHOWING SOCCER FIELDS BECAUSE THEY'RE MORE VERSATILE.

WE HAVE THE TWO PARKING LOTS, THE PARKING LOT TO THE NORTH AT RECOMMENDATION OF SOME PARK BOARD PARKS BOARD MEMBERS.

WE KIND OF SET THAT UP FOR LIKE A FOOD TRUCK HOOKUPS AND THINGS LIKE THAT, OR A PAVILION WITH RESTROOMS, SAND VOLLEYBALL, COURT, TENNIS COURT, PICKLEBALL COURT.

AND THEN THE PARK THAT'S BY A NATURAL POND.

I'VE WALKED THE WHOLE AREA, THE WHOLE CREEK AREA DOWN THERE WHERE THE PARK IS KIND OF THINK THAT'S THE BEST PLACE.

THERE'S A NICE POND THERE THAT WE CAN SHOW YOU SOME PICTURES OF THAT WE COULD REALLY CLEAN UP AND USE THOSE NATURAL FEATURES OF THE CREEK AND THE POND FOR THIS PARK AREA. WE EXPECT THESE IMPROVEMENTS TO BE ANYWHERE FROM 1.8 TO 2.2.

AGAIN, THESE WOULD NEED TO BE INSTALLED PRIOR TO OCCUPANCY OF HOMES.

SO THIS THE PARK COMES WITH PHASE ONE AND WE'LL KEEP WORKING WITH PARKS AND HOPEFULLY CAN PRESENT AN AGREEMENT AT THE PRELIMINARY PLAT

[01:00:02]

THE FUNDING. UM, JUST SOME PICTURES OF PICKLEBALL COURTS AND LARGE PLAYGROUND WE PLANNED FOR PLAYGROUND.

THAT'S DOESN'T DO JUST ONE AGE RANGE FROM SMALL TO OLD FOOD TRUCK STATIONS.

A NICE PAVILION WITH RESTROOMS, THE 12FT, 12 FOOT TRAIL RUNNING THROUGH THE TREES.

THIS IS A PICTURE OF THE POND TO CLEAN UP AND KIND OF OPEN SPACE RIGHT BESIDE IT.

AND THIS TRAIL WOULD LITERALLY FOLLOW.

YOU CAN SEE THE CREEK RUNS EAST TO WEST ALONG THE PROPERTY LINE AND WE RUN THE CREEK AS CLOSE BY.

FOR THAT RUN THE TRAILS CLOSE BY THE CREEK AS WE COULD.

INFRASTRUCTURE IMPROVEMENTS.

THIS IS IN THE SIRE WITH JUST A LITTLE MORE DETAIL ON THE INFRASTRUCTURE IMPROVEMENTS WE HAD, THE PARKS IMPROVEMENTS THAT WE JUST DISCUSSED.

SEWER INFRASTRUCTURE.

PHASE ONE NEEDS A REGIONAL LIFT STATION AND WE WOULD TAKE THAT OVER TO CLEMENTS CREEK FOR NOW.

CLEMENTS CREEK IS A SEWER LINE THAT WE BUILT WITH ANNA TOWN SQUARE THAT GOES FROM SHARP STREET ALL THE WAY DOWN INTO MELISSA.

IT HAS A METERING STATION THERE.

THE SINGLE FAMILY.

THERE IS ENOUGH CAPACITY FOR THE SINGLE FAMILY TO GET OVER THERE TO THAT AND THEN WE WOULD PHASE TWO OF THAT WOULD BE FOR THE MULTI FAMILY.

IT WOULD COME DOWN TO MELISSA TAKING OFF THAT CONNECTION OVER TO CLEMENTS CREEK.

SO BASICALLY MAKE TWO BASINS FOR THIS AREA.

SO THE LAND TO THE SOUTH OF IT WOULD BECOME DEVELOPABLE AS WELL.

ROADWAY INFRASTRUCTURE, AS I TALKED ABOUT, FOSTER CROSSING ROAD WOULD BE CONSTRUCTED WITH PHASE ONE.

THE HALF OF FOUR, 418 WOULD BE CONSTRUCTED WITH THE MULTI FAMILY AND THEN WATER LINE WILL EXTEND THE 12 INCH WATER LINE ACROSS OUR FRONTAGE.

I JUST KIND OF WENT THROUGH THAT IN DETAIL.

I'M NOT GOING TO DO THAT AGAIN.

AND REPRESENTATIVE PRODUCT.

WINDSOR HOMES, SOME OF THE SAME BUILDERS YOU'VE SEEN IN ANNA TOWN SQUARE WOULD BE IN THIS DEVELOPMENT.

AND THEN DEVELOPMENT STANDARDS THERE IN THE SCA.

MOST OF THEM ARE THE ONES WE DIDN'T REALLY HAVE ANY OBJECTIONS TO ANYTHING THE CITY GAVE US AND THE STANDARD ARCHITECTURAL STANDARDS THEY MEET WHAT WERE REQUESTED FOR THOSE.

AND THEN I'LL END WITH.

THIS SLIDE AND TAKE ANY QUESTIONS.

OKAY. ROSS SO YOU BROUGHT UP A GOOD POINT IN THIS THAT I WANT TO MAKE SURE I UNDERSTAND BEFORE I THINK ABOUT ANYTHING ELSE TONIGHT.

SO WE'VE GOT A 2007 PLAN DEVELOPMENT.

SO THIS IS THE PLAN DEVELOPMENT.

FROM HELL THAT HAS SET OFF MANY BOMBS IN THE PAST TWO YEARS FOR THAT NEIGHBORHOOD.

SO THE WAY THE CURRENT PD READS.

WITHOUT ADJUSTING ANY ZONING IS THERE IS NO DEVELOPMENT STANDARDS ON THE SF 72.

CORRECT. GREAT.

I HOPE ANNA TOWN SQUARE UNDERSTANDS THAT UNDER ITS CURRENT ZONING RIGHT NOW, THEY CAN BUILD ANY TYPE OF HOUSING PRODUCT THEY WOULD LIKE AS LONG AS IT CONFORMS TO THAT SIZE LOT.

THERE ARE NO DEVELOPMENT OR ARCHITECTURAL STANDARDS.

UNDER ITS CURRENT ZONING.

CORRECT. IT WOULD JUST NEED TO MEET BUILDING BUILDING REQUIREMENTS, BUT NO MATERIAL REQUIREMENTS.

CAN YOU GIVE US AN EXAMPLE OF THE WORST POSSIBLE SCENARIO? YOU BUILD A 100% HOME.

SO YOU THINK THAT'S BAD? IT'S BAD MATERIAL THAT LEAKS.

YOU KNOW, ANYBODY COULD DO A 100% HARDY BOARD MEANS YOU COULD BRING IN THE LOWEST QUALITY HOME BUILDER POSSIBLE TO BUILD WHATEVER CAN I MAKE JUST CORRECT, JUST CORRECTION ON THAT? I'M NOT THE OWNER CURRENTLY, AND WE WOULDN'T BE PURCHASING WE WOULDN'T BE DOING THAT.

AND THIS ALSO WASN'T AN ANNA THIS WASN'T OWNED BY US ORIGINALLY.

THERE WAS HIGHER STANDARDS IN ANNA TOWN SQUARE THAN THERE WERE IN THIS.

AND ONE OF THE MAIN THINGS THAT WE DID WHEN WE MET WITH COUNCIL IN ANNA TOWN SQUARE WAS EVEN WHEN WE HAD HORTON THERE, ONE OF THE AGREEMENTS WAS THEY WOULD NOT BUILD THE EMERALD PRODUCT.

SO WE PUT OUR OWN STANDARDS ON US AND ANNA TOWN SQUARE.

WE WOULD NOT WE WOULD.

I JUST WANT TO MAKE THAT CLEAR TO EVERYBODY THAT THIS IS NOT OUR PROPERTY, OUR COUNCIL AND TO THE PUBLIC, THAT THERE ARE NO DEVELOPMENT STANDARDS ON THAT TRACT.

LAND IT'S A LITTLE SCARY.

YOU KNOW, HERE'S THE LAST COMMENT I'LL MAKE BECAUSE I LIVE IN THE NEIGHBORHOOD.

WE HAVE ANOTHER COUNCIL MEMBER THAT LIVES IN THE NEIGHBORHOOD, AND I'VE LIVED IN THE NEIGHBORHOOD SINCE 2017.

[01:05:03]

WE'VE GOT A LOT OF MULTIFAMILY OVER THERE.

AND, YOU KNOW, THERE BECOMES A POINT WHERE I WILL TELL YOU, JOHN, I'M FOR MULTIFAMILY.

IF YOU WANT MY HONEST OPINION, EVERYTHING THAT IS CURRENTLY BEING BUILT IN ANNA TOWNE SQUARE SHOULD BE IN THE AREA WHERE YOU'RE PROPOSING RIGHT NOW AND WE WOULDN'T HAVE ANY ISSUES. YES, SIR.

THESE NEIGHBORS WOULDN'T BE UP HERE ARGUING OPPOSING THINGS, BUT WE'RE DEALING WITH WHAT WE'RE DEALING WITH.

SO THOSE PROJECTS ARE IN THE PHASES OF BEING COMPLETED OUT.

AND I WILL JUST TELL YOU POINT BLANK, HONESTLY, I THINK WE ARE ADDRESSING SOME OF THE INFRASTRUCTURE CONCERNS.

BUT RIGHT NOW IT IS A TRAIN WRECK OVER THERE.

YOU CAN'T GET OUT OF THAT NEIGHBORHOOD.

WE'VE GOT A SCHOOL COMING ONLINE.

LEONARD WILL BE CONSTRUCTED OUT TO THE OUTER LOOP, BUT THAT'LL BE 20, 25 BEFORE THAT HAPPENS.

SO THE NIGHTMARE CONTINUES INTO 2024.

AND I CAN TELL YOU RIGHT NOW, IF I APPROVE ANOTHER MULTIFAMILY PROJECT OVER THERE, YOU KNOW, THEY'RE GOING TO RUN ME OUT OF MY HOUSE.

SO I'LL JUST TELL YOU, I'M GETTING VERY CONCERNED WITH THE AMOUNT OF ANNA APPROVING THESE FOR THESE SINGLE FAMILY RENTAL COMMUNITIES AND ENTITLING THE WHOLE INNER CITY SECTION.

I GET IT.

AND I'M TELLING THE PUBLIC THIS, I GET WHAT WE NEED.

WE DO NEED SOME OF THIS IN ORDER TO GET WHAT YOU ALL WANT IN THIS COMMUNITY.

BUT WE CAN OVERENTITLED THIS COMMUNITY WHERE WE'RE ALREADY 70% RENTAL.

WHAT I WOULD LIKE TO SEE IS MORE SF 70 TWOS BEING BUILT ALL OVER THIS PLACE.

HIGH QUALITY.

I HAVEN'T TAKEN MY COAT OFF BECAUSE I'M GETTING HOT, BUT AND IT HAS NOTHING TO DO WITH, YOU KNOW, YOU AND I HAVE A GREAT RELATIONSHIP, JOHN, BUT I'M TELLING YOU, I'M ENTITLING THIS WHOLE COMMUNITY RIGHT NOW AS A RENTAL COMMUNITY, AND THAT IS NOT WHAT ANNA TEXAS NEEDS TO BE.

WE NEED TO UP OUR STANDARDS.

WE NEED TO GO BACK TO THE DRAWING BOARD ANNA, IF THAT'S WHAT WE NEED TO DO.

BUT RIGHT NOW YOU'RE DEVELOPING THE LARGEST AND FASTEST GROWING MULTIFAMILY RENTAL COMMUNITY IN NORTH TEXAS.

KNOW THAT'S WHAT WE'RE GOING FOR.

WHAT WOULD WE PROPOSE ON THE SOUTHERN? PROPERTY. AND WHAT WOULD WE ASK? I THINK YOU NEED TO BUILD MORE SINGLE FAMILY HOMES.

I JUST DON'T THINK SINGLE FAMILY IS GOING TO GO RIGHT.

I'LL TELL YOU WHAT, YOU CAN DRIVE FIVE MILES TO THE SOUTH OF THAT LOCATION NEXT TO A LANDFILL, AND THEY'RE BUILT EVERYWHERE AND THEY'RE SELLING THEM IN HIGHER PRICE POINTS THAN YOU'RE BUILDING RIGHT NOW.

SO I'M ASKING I'M HEARING YOU IF SINGLE FAMILY BUILD NOT INDUSTRIAL, NOT ANY COMMERCIAL, JUST SINGLE FAMILY BUILD SINGLE FAMILY HOMES AND YOU'VE SOLD THEM ALL DAY LONG SINCE YOU STARTED BUILDING THEM OVER THERE.

YOU CAN'T GET THE YOU'RE BUILDING THOSE PHASES AS QUICKLY AS YOU CAN.

AND I CAN TELL YOU THEY'LL CONTINUE SELLING BECAUSE IF YOU GO FIVE MILES TO THE SOUTH, ALL YOU SMELL IS A FEEDLOT AND A LAND FIELD.

AND THERE'S PERRY HOMES AND EVERYBODY ELSE BACKED UP ALL OVER THERE AND THEY'RE ALL SOLD.

SO. THE PARK DEDICATION.

THE SUM OF THAT'S FLOODPLAIN.

IT'S GOT TO BE IT'S CREEK.

THERE'S NO FLOODPLAIN. IT'S A DEDICATED IT'S A PROTECTED CREEK.

CORRECT. JUST THE CREEK ITSELF.

HOW MANY ACRES IS THAT IS PROTECTED AROUND IT? JUST THE CREEK LINE ITSELF IS PROTECTED.

YOU COULD BUILD A HOME ON EITHER SIDE OF THAT CREEK AND TAKE DOWN THE TREES.

IT'S NOT FLOODPLAIN AND IT'S NOT PROTECTED.

THE WHOLE TREE AREA THAT I'M SHOWING RIGHT THERE, IF THE CITY WANTED TO, THEY COULD TAKE OUT THOSE TREES.

AND BUILD WHATEVER THEY WANTED.

THE ONLY THING THAT IS PROTECTED IS THE ACTUAL CREEK ITSELF.

I MEAN, I THINK YOU'RE RIGHT.

MULTIFAMILY WOULD FIT BETTER IN THAT SOUTHERN ZONE, BUT IT FITS 100% BETTER THAN WHERE YOU BUILT THEM BEFORE AND ANNA TOWN SQUARE. SO IF WE DIDN'T BUILD THOSE FOUR COMPLEXES IN ANY TOWN SQUARE, I DON'T SEE A PROBLEM WITH THIS ONE RIGHT HERE.

BUT THE PROBLEM IS, LIKE THE MAYOR SAID, WE ALREADY HAVE THOSE.

THEY'RE ALREADY BEING BUILT. THEY'RE CURRENTLY GOING, THEY'RE BEING ERECTED.

AND IT'S JUST AND THAT MANY SINGLE FAMILY HOUSES SFGS 300 OF THEM.

THAT'S ALMOST LIKE BUILDING ANOTHER SINGLE FAMILY FOR RENT.

THEY'RE SO TINY AND SO CLOSE TO EACH OTHER.

THE DENSITY THAT'S, YOU KNOW, IT'S JUST IT'S TOO MUCH, YOU KNOW, TOO MUCH DENSITY, TOO MUCH DENSITY.

AND WE ALREADY HAVE ANNA IS ALREADY DENSE.

WE NEED SOMETHING DIFFERENT.

AND THE SINGLE FAMILY, THE 60.

I WOULD BE OKAY WITH THE 60 IF IT'S A HIGH QUALITY, BUT THE 70 TWOS AND 60S AND THE PARK IS NICE.

[01:10:05]

I LIVE IN ANOTHER ONE OF YOUR DEVELOPMENTS.

AND WE WORKED TOGETHER FOR NINE YEARS, EVER SINCE I MOVED HERE.

YEAH. AND IT'S JUST HARD TO GET ON BOARD WITH MORE APARTMENTS IN THAT AREA OF ANNA.

AND IT'S HARD TO GET ON BOARD OF TAKING AWAY LARGER LOTS AND ADDING SINGLE THE SFGS THAT I CAN'T DO IT.

I THE LAST THING I'LL SAY AND I'LL BE QUIET, BUT I WANT TO KNOW.

I HAVE QUESTIONS. I HAVE QUESTIONS TOO, IF YOU DON'T MIND.

THE INFRASTRUCTURE DOES NOT SUPPORT WHAT YOU WANT TO DO, AND I KNOW THAT I'M BEING TOLD A DEVELOPER AGREEMENT WOULD COME FORWARD AND WE WOULD GET ALL THAT WORKED OUT.

I WANT TO SEE THE INFRASTRUCTURE IN PLACE NOW BEFORE I LOOK AT CHANGING THE ZONING ON THIS, BECAUSE IS EVERYTHING WE HAVE DONE LEADING UP TO HAS BEEN REVERSED. WE APPROVED THESE SECTIONS, WE APPROVED THESE CONCEPT PLANS.

I DON'T HAVE TRAFFIC LIGHTS.

I'VE HAD MULTIFAMILY DEVELOPERS LOOK ME IN THE EYE GOING, WE'LL ASSIST YOU WITH THAT TRAFFIC LIGHT ON STATE HIGHWAY FIVE.

I GET CRUCIFIED BY MY OWN NEIGHBORS EVERY DAY BECAUSE THE INFRASTRUCTURE DOESN'T SUPPORT WHAT IS CURRENTLY OVER THERE AND UNTIL THAT INFRASTRUCTURE IS IN.

THAT'S ALSO WHY WE TIED OUR ZONING TO WE CAN'T HAVE A HOUSE UNTIL IT'S CONSTRUCTED.

AND THAT'S WE COULD TAKE ON IF I COULD ADD INTO THE THING, IF LEONARD'S NOT DONE, WE COULD HELP THE CITY FINISH.

LEONARD, BEFORE WE GET A HOUSE, YOU CAN MANAGE THOSE SITUATIONS.

IN THE PAST, WE'VE BUILT A LOT OF ROADS.

I WAS STANDING IN FRONT OF YOU, I THINK IN 2000, 16 OR 17, WE WERE TALKING ABOUT, WELL, YOU'VE GOT A PHASE GOING UP THERE.

YOU'VE GOT PALLADIUM GOING UP THERE.

WELL, FINLEY NEEDS TO BE BUILT.

THE ENTIRE THING.

YEAH, AND I DID BECAUSE THE NEIGHBORS, INCLUDING MYSELF, GO.

WE CAN'T GET OUT OF OUR OWN NEIGHBORHOOD, SO WE'RE DOING IT OURSELVES.

I UNDERSTAND THAT.

WE'RE DOING IT OURSELVES.

AND THE ORIGINAL PLAN WAS TO HAVE ANOTHER OUTLET.

WE COULDN'T MAKE THAT HAPPEN.

A LOT OF THINGS HAPPENED. THE LEONARD WILL BRING PEOPLE DOWN TO THE NORTH AND THE SOUTH WITH PACESETTER AND US, AND IT'LL OPEN THAT AREA UP.

I'M JUST, YOU KNOW, WHEN I SEE SF Z, WHAT I SEE IS PEOPLE TRY TO SELL ME ON A TOWNHOME PRODUCT THAT IS GOING TO BE NOTHING MORE THAN A JUST A STANDARD DUPLEX LOOKING RENTAL HOUSE THING THAT IS GOING TO BE RENTED OUT.

AND IT'S NO OFFENSE, JOHN, I KNOW YOU ALL DO QUALITY WORK, BUT YOU GUYS ARE IN IT TO MAKE MONEY.

I GET IT. SO I WOULD REQUEST.

YOU KNOW, OBVIOUSLY I CAN FEEL THE SENTIMENT.

I WOULD REQUEST A TABLE TO WORK WITH YOU ALL ON THIS.

WELL, FOR SOME OF US.

I KNOW IF YOU CAME TO THE TABLE AND YOU SAID MF THAT WOULD END THE DISCUSSION FOR ME.

OKAY. AND I'M ACTUALLY I'M MORE OPEN TO DOING INDUSTRIAL IN THAT AREA THAN MORE SINGLE FAMILY UNITS RIGHT BY THE BATCH PLANT.

I DON'T THINK YOU'RE GOING TO GET ANYBODY TO BUY A HOUSE RIGHT NEAR TWO BATCH PLANTS THAT AREN'T GOING.

CAN YOU DO INDUSTRIAL? I CAN'T TIME SOMETHING AGAIN.

WE'VE TALKED ABOUT THAT A MILLION TIMES.

WE ARE STILL WAITING ON INDUSTRIAL DOWN THE STREET.

WE'RE STILL WAITING ON INDUSTRIAL FROM THE ZONING THERE.

IT'S MORE LIKELY TO HAPPEN AS SOME KIND OF INDUSTRIAL OR HIGHER DENSITY THAN TO THE PARK.

IT'S TRANSITIONAL.

YOU'VE GOT A BATCH PLANT.

THAT'S I AGREE.

THROWING UP CLOUDS OF DUST COMPLEXES SITTING OVER THERE IN THE FRONT ENTRANCE OF YOUR MASTER PLAN DEVELOPMENT.

I UNDERSTAND CURRENTLY THIS WOULD BE A GREAT TRANSITION.

THE ABSOLUTELY.

THIS IS GOING TO TRANSITION SOUTH INTO AN INDUSTRIAL AREA WHICH HISTORICALLY IN EVERY COMMUNITY IN NORTH TEXAS TRANSITIONS INTO A PRODUCT MORE LIKE THIS, MAYBE SOME MULTIFAMILY.

YOU LOOK OUT YOUR FRONT WINDOW AND YOU SEE A JOHN DEERE DEALERSHIP.

THAT'S WHAT THIS IS TURNING INTO AS YOU TRANSITION SOUTH.

I THINK THE BIGGEST CONCERN I HAVE RIGHT NOW IS THE INFRASTRUCTURE DOES NOT SUPPORT THE 4 OR 5.

YOU'VE GOT GOING ON IN THERE RIGHT NOW.

AND BEFORE I CAN CONVINCE MY NEIGHBORS THAT WE'RE GOING TO PUT IN 300 ZERO LOT LINES FOR RENTAL AND MULTIFAMILY ZONING.

150, 50 FOOTERS RIGHT BEHIND US.

SO NOT MUCH BIGGER.

IT'S JUST I STRUGGLE.

COUNCIL. ARE THERE ANY AMENDMENTS FROM P AND Z THAT YOU DIDN'T AGREE TO? NO. OKAY. AND IN THE PAST SHOWN THAT WE'RE WILLING TO WORK WITH STAFF, WORK WITH COUNCIL.

[01:15:06]

IT WOULD HAVE I WOULD HAVE LIKED THIS LIKE FEELING IN NOVEMBER.

AND I PROBABLY COULD HAVE WORKED FOR THE LAST SIX MONTHS ON THAT.

YOU KNOW, IN ALL HONESTY, IF YOU TAKE A LOOK AT THE PEOPLE WHO'VE BEEN UP HERE OVER A COURSE OF TEN YEAR PERIOD, I DON'T THINK ANYBODY THOUGHT SHE WOULD EVER DO AS MUCH AS YOU DID AS QUICK AS YOU DID.

YEAH. THAT MULTIFAMILY, THAT NEIGHBORHOOD HAD NO IDEA OTHER THAN A COUPLE OF BROCHURES THAT THAT POSSIBLY COULD OCCUR OVER THERE.

AND IT'S HAPPENED. THEY'RE ALL GOING UP AT ONCE.

I THINK THAT'S I DIDN'T THINK I'D SEE IT EITHER.

I MEAN, WELL, WHEN THAT WAS PLANNED, THE ORIGINAL PLAN WAS TO HAVE THE CITY HALL DOWN THERE.

THE ORIGINAL PLAN WAS COMPLETELY DIFFERENT.

GO BACK TO THAT 2007 TIME FRAME WHEN Y'ALL WERE WRITING ALL KINDS OF CRAZY BILLS THAT NOBODY HAD HALF DOCUMENTED ANYWHERE, GRANDFATHER.

AND LIKE I SAID, THAT'S BACK TO THE WAY BEFORE YOU.

YEAH, IT IS. BUT I'M JUST.

I'M NOT READY TO BUILD OUT THE REMAINDER OF ANNA TOWN SQUARE WITH MORE MULTIFAMILY AND 300 DUPLEX TOWNHOME ZERO LOT LINE RENTAL.

I HEAR YOU BRING THAT. I'LL BE THE FIRST ONE TO SELL.

OKAY. IS THE PARK IMPORTANT? IS THE JUST A QUESTION.

IS THE PARK MORE IMPORTANT OR SINGLE FAMILY RESIDENTIAL AND HIGH QUALITY PARK LAND IS MORE IMPORTANT TO THE PARK.

LAND. THE PARK. LAND IS HIGH QUALITY.

YEAH, THAT'S WHAT I'M ASKING.

SO WRONG WITH THE PARK.

I KNOW, BUT YOU GIVE 30 ACRES, YOU TRY TO GATHER DENSITY.

THAT'S KIND OF WHAT THE IDEA IS.

SO I WOULD LIKE TO HAVE SOME LIKE WHERE IS THE DENSITY LEVEL FOR THE PARK? LIKE CURRENTLY RIGHT NOW THAT PD JUST SAYS WE'RE GOING TO BUILD THE WHOLE THING.

SINGLE FAMILY HOME, 50S AND 60S.

YEAH, BUT IS THERE ROOM FOR THE SFZ IS JUST AT A LOWER PERCENTAGE.

BUT 170 ACRES WORTH OF RENTAL PROPERTIES.

A LOT. I DON'T THINK, I THINK ANNA MOVING AWAY.

I THINK ON A WORK SESSION THAT'S 17 ACRES VERSUS 170, FOLKS.

WHAT ABOUT THIS? IF YOU TAKE WHAT YOU HAVE UP HERE NOW TO 300 SFZS OR 149, 50, 102 60, IF YOU FLIP FLOPPED IT, I GUESS 150.

HOLD ON. LET ME FINISH. IF YOU FLIP FLOPPED IT AND DID THAT AND THEN YOU TAKE AWAY A LITTLE BIT OF THE PARKLAND, WHATEVER YOU ADD TO SFZS AND YOU DO INDUSTRIAL INSTEAD OF MULTIFAMILY.

WOULD YOU BE WILLING TO TABLE IT AND GO TO WORK WITH THAT? I'D BE WILLING TO GO TO WORK WITH STAFF ON ANYTHING, REALLY.

IF I TAKE YOUR FEEDBACK, I'M LIKE CUTTING WAY DOWN ON PHASES.

OKAY, SO I THINK YOU'RE GOING TO HAVE MORE TROUBLE LONG TERM.

IF PEOPLE TALK ABOUT CRIME RATES AND THINGS THAT ARE GOING TO CREATE PROBLEMS. SFZ'S IS GOING TO CREATE IT.

YEAH, IT'S NOT GOING TO BE YOUR MULTIFAMILY THREE.

THAT'S WHY I'M TRYING TO CUT THEM DOWN.

SO, SO WHAT'S THE DIFFERENCE IN THAT? A TOWNHOME IS VERY SIMILAR.

IT DEPENDS ON WHAT THE QUALITY OF YOUR TOWNHOME IS, OKAY.

NOW YOU'RE PROPOSING A HELL OF A DANCE.

DEVELOPMENT THERE? JOHN, I MEAN, I DIDN'T REALIZE UNTIL I SAW THE PACKET THAT THERE'S 300.

YES, SIR. I MEAN.

OKAY. I CAN HEAR YOU BECAUSE I KNOW HOW MANY HOMES ARE OVER THERE RIGHT NOW.

I KNOW HOW MANY PEOPLE COMPLAIN RIGHT NOW ABOUT WHAT YOU GOT OVER THERE.

ARE YOU OPEN TO A DIFFERENT USE ON THE SOUTHERN PROPERTY? I'M OPEN TO LOOKING AT ANYTHING, BUT 300 SFZ IS JUST TOO MUCH.

IT'S SOMETHING MORE IN LINE WITH WHAT Y'ALL APPROVED UP ON 455 FOR PACESETTER.

SOMETHING LIKE THAT. MORE IN LINE.

THEY HAVE A MIX, THE SAME MIX THEY HAVE 40S AND 50S 60S.

MY GENERAL COMMENT IN GENERAL WAS ANNA, TEXAS BETTER BE REAL CAREFUL AND I'M SAYING IT PUBLICLY FOR THE RECORD RIGHT NOW JUST SO OTHER DEVELOPERS CAN HEAR IT.

THE INTENTION IS NOT TO.

WE WANT TO BE DEVELOPER FRIENDLY, BUT NOT WE DON'T WANT TO BE THE MOST DEVELOPER FRIENDLY SFZ AND MULTIFAMILY DEVELOPER IN ALL OF TEXAS.

THAT'S NOT WHAT WE'RE GOING FOR HERE.

CAN WE JUST GET CLARIFICATION, THOUGH, MAYOR, ON WHAT YOU ASKED ROSS A WHILE AGO? IF WE DON'T DO ANYTHING HE CAN DO.

NO, IT'S NOT HIM. IT'S SOMEONE ELSE.

YEAH, IT'S NOT ME.

YEAH, I'M. YOU'RE SAYING IF WE DON'T MAKE SOME SORT OF AGREEMENT.

SOMEBODY ELSE CAN COME IN AND DO A LOT WORSE THAN WHAT HE'S PROPOSING, CORRECT? CORRECT. THERE'S NO DEVELOPER AGREEMENT ON THE PROPERTY, BUT WAY LESS OF THEM.

BUT WAY LESS OF WHAT? WELL, THEY STILL HAVE OVER 500 HOUSES THEY COULD BUILD.

RIGHT. THAT'S ON THE TWO PROPERTIES.

THEY HAVE THE RIGHT TO BUILD OVER 500 HOUSES ON THAT ON THE PROPERTIES.

JOHN WILL JUMP IN HERE FOR A LITTLE BIT.

ONE, WE MET A WEEK AGO WITH THE PARKS BOARD.

[01:20:06]

I SEE THAT YOU'VE INCORPORATED MANY OF THE IDEAS JUST IN A VERY SHORT PERIOD OF TIME.

AND THIS HAS A LOT OF MERIT AS FAR AS THE PARK.

I APPRECIATE YOU DOING THAT.

ALSO, COUNCIL THAT RIGHT NOW IT'S SHOWING IDEAS OF DOING SOCCER FIELDS AND OTHER TYPES OF AMENITIES LIKE THAT.

AS THE CITY GROWS, WE'RE GOING TO NEED ANOTHER RECREATION FACILITY AREA.

THIS PROPERTY ALLOWS US TO CONVERT THAT TO A REC CENTER OF SOME SORT IF WE EVER NEED TO.

SO I'M REALLY HAPPY WITH THAT.

I APPRECIATE YOU ALSO WORKING WITH THE TRAIL, OUR MASTER PLAN FOR CONNECTING THE TRAILS.

THIS PART, YOU NAILED IT.

I'M VERY PLEASED.

I REALLY WOULD LIKE FOR YOU TO TAKE THE SOUTHERN PART OUT OF THIS DISCUSSION FOR TODAY.

THERE'S WORK THAT NEEDS TO BE DONE OVER THERE.

IF OUR EDC GROUP IS AT ALL SUCCESSFUL THIS WEEK, MIGHT BE ABLE TO HELP WITH THE INDUSTRIAL CONCERNS.

I THINK THERE'S A LOT OF OPPORTUNITY THERE.

COMMERCIAL I'M A LITTLE BIT NOT REAL CRAZY.

AS MUCH AS I LIKE COMMERCIAL, I'M NOT SURE THAT COMMERCIAL IS WHAT I WANT ON FOSTER CROSSING.

UM. IT AT BEST A CONVENIENCE STORE, AND I WOULDN'T WANT TO TRY TO SELL THAT.

DO WE HAVE.

I'M ASKING ANYBODY IN THE ROOM TO ANSWER WHAT IS THE STOPLIGHT PLAN FOR FOSTER CROSSING AND FIVE.

SO. BUT THAT'S UP TO TEX DOT, RIGHT.

SO WHEN SCHOOL IS IN SESSION FOR THESE CHILDREN, WHAT YOU'RE ADDING IN A MIDDLE SCHOOL TO THAT WHERE WE'RE ALREADY DRIVING OUT THE SOUTH END OF LEONARD TEARING UP A COUNTY ROAD WHICH LUCKILY, YOU KNOW, OUR CITY STAFF WILL GO OUT AND FILL SOME POTHOLES BECAUSE THE COUNTY WON'T.

WE'RE ALREADY I'M TELLING YOU ALL, YOU DON'T KNOW HOW BAD WE ARE, SCREWED AS IT IS WHEN THAT SCHOOL WHEN THAT MIDDLE SCHOOL OPENS UP, ALL OF THESE SCHOOLS ARE AT CAPACITY. AND NOW WE'RE GOING TO PUT 300 SINGLE FAMILY ZERO LOT LINES IN THE BACK.

THERE'S ANOTHER 600 PEOPLE EASILY HE COULD BUILD.

HE CAN SELL AND BUILD THAT PRODUCT TOMORROW.

YEAH, WE ARE WAY BEHIND ON THE INFRASTRUCTURE.

I DON'T KNOW THAT WE'LL EVER CATCH UP ON IT.

AND THAT MIDDLE SCHOOL IS GOING TO OPEN UP PROBABLY AT FULL CAPACITY 100%, DID HE NOT? WHAT DID HE SAYING? HE WOULD NOT DO ANY OF THAT UNTIL 25.

YEAH, WE WEREN'T GOING TO DELIVER UNTIL 25.

I JUST YOU'RE NOT YOUR AGREEMENT INTO NOT DOING ANYTHING UNTIL OR EVEN HELPING WITH LEONARD.

CORRECT. THAT'S.

I JUST SAID WE COULD DISCUSS THAT IF THEY'RE PLANNING ON STARTING IT NEXT YEAR LIKE THEY ARE.

AND YEAH, I'M WILLING TO HAVE MORE DISCUSSIONS, BUT.

JOHN, I'M ALSO.

I WANT YOU TO GO OUT WITH A BANG.

YOU'RE. YOU'RE ALMOST DONE WITH THIS WHOLE DEVELOPMENT.

YOU'RE PRETTY CLOSE.

AND I DON'T LIKE THE.

IT'S PRETTY CONGESTED.

I'D LIKE TO SEE A LOT NICER HOME AND A LOT ON THIS PART.

AND WE GO THE OPPOSITE DIRECTION OF BUILDING LESS DENSE AND HIGHER VALUE.

I THINK THAT YOU CAN SELL $700,000 HOMES OUT THERE EASILY.

I KNOW. I'M WATCHING IT DONE.

IF THEY WOULD BUILD HIGHER QUALITY, THEY WOULD SELL HIGHER PRICE POINTS.

SORRY, I'M GETTING FIRED UP BECAUSE I LIVE OVER THERE.

I LIVE RIGHT NEXT TO ALL OF THIS STUFF THAT IS ALREADY BEING BUILT.

I'D LIKE TO MAKE A MOTION THAT WE POSTPONE THIS, GIVE THE DEVELOPER TIME TO WORK WITH THE COUNCIL AND STAFF TO.

COME UP WITH SOMETHING MORE CONDUCIVE TO OUR DESIRES.

AS LONG IT HAS NOTHING TO DO WITH MULTIFAMILY, YOU WOULD HAVE TO LEAVE OPEN.

YOU WOULD HAVE TO LEAVE YOUR PUBLIC HEARING OPEN TO A FUTURE.

DATE. WHAT? CLARK, WHAT DATE WOULD YOU.

HOW MUCH TIME DO YOU NEED? YEAH.

HOW MUCH TIME WOULD WE NEED? OR WHAT WOULD THE TRIGGER BE? I WOULD GIVE IT A MINIMUM OF A MONTH.

THAT WAY, MAYBE SOME COUNCIL MEMBERS CAN HAVE SOME STAFF MEETINGS WITH JOHN AND TRY TO PROVIDE SOME FEEDBACK.

THE 20TH. JOHN, IS THAT ENOUGH TIME TO HAVE THIS CONVERSATION? BECAUSE THAT IS A COMPLETE REWORK OF YOUR.

YEAH, WE CAN HAVE THAT CONVERSATION AND I CAN, YOU KNOW, IN A MONTH, IF WE DON'T GET THERE, I CAN COME BACK AND.

[01:25:05]

OKAY. ALSO I DON'T HAVE KNOW.

OBVIOUSLY I'M ON A TIME CLOCK TOO, SO I NEED TO WORK AS FAST AS I CAN.

STAFF'S BEEN GREAT TO WORK WITH ME.

I'D LIKE TO AMEND MY MOTION TO POSTPONE THIS UNTIL THE JUNE 20TH MEETING.

JUNE 27TH.

LAST COUNCIL MEETING.

IS THAT ACCEPTABLE? SORRY.

AND IN THE TIME AND THE PLACE.

AND WE SEE WHERE WE GET THE TIME OF DAY FOR THAT MEETING AND THE PLACE I UNDERSTOOD IT WOULD BE THE OFFICIALLY RECOGNIZED CITY COUNCIL MEETING OCCURRING TRADITIONALLY AT 6 P.M.

ON TUESDAY NIGHT HERE AT CITY HALL.

MR. COUNCILMAN CARVER.

I'VE SECOND. SECOND.

COUNCILMAN BAKER. I MIGHT GET USED TO THAT.

ALL IN FAVOR? MOTION PASSES. THANK YOU.

THANKS, JOHN. ALL RIGHT.

SEE YOU. CONSIDER DISCUSS ACTION ON A PLAN OF FINANCE FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS.

LIKE BRINGING UP THE BOTTOM COUNCIL ROUNDED OUT.

AARON COUNCIL. ALLEN GUARD, YOUR FINANCE DIRECTOR.

A MAJOR PART OF PUTTING TOGETHER THE 2024 BUDGET WILL BE HOW THE SALE OF BONDS WILL IMPACT OUR TAX RATE AND WE NEED TO MOVE FORWARD ON THAT SALE PRIOR TO HAVE IT DONE BY THE END OF JUNE.

SO WE KNOW WHAT THAT NUMBER LOOKS LIKE.

THIS WILL BE THE LAST SALE OF THE $58 MILLION THAT WERE APPROVED BY THE VOTERS.

SO THIS WILL INCLUDE THE LAST PART OF THE LIBRARY AND THE LAST PART OF THE RECREATION MONEY.

ANDRE AYALA FROM OUR FINANCIAL ADVISORS FROM HILLTOP SECURITIES IS HERE TO GO THROUGH THIS PRESENTATION TONIGHT.

THANK YOU, AL. ANDREW.

GOOD EVENING, MAYOR. COUNCIL.

ANDRE WITH HILLTOP SECURITIES FOR THE RECORD, FINANCIAL ADVISER TO THE CITY.

THANKS FOR HAVING ME HERE.

AS DIRECTED BY YOUR STAFF, WE WERE ASKED TO PUT TOGETHER A PLAN OF FINANCE FOR THE ISSUANCE OF THE LAST SET OF GENERAL OBLIGATION VOTED BONDS THAT WERE APPROVED BACK IN 2021. WHAT WE HAVE HERE IS WE HAVE $14.3 MILLION REMAINING IN OUR COMMUNITY LIBRARY.

VOTED AUTHORIZATION AND ONE.

$1,140,000 REMAINING FOR RECREATIONAL FACILITIES.

THIS IS EVERYTHING THAT IS LEFT OUT OF THE 58 MILLION.

APPROVED BACK THEN IN 2021.

SO THIS PLAN IS GOING TO BE TO ISSUE THE FULL AMOUNT VIA GENERAL OBLIGATION BONDS, WHICH ARE SECURED BY THE DEBT SERVICE PROPERTY TAX IMPOSED BY THE CITY ON AN ANNUAL BASIS. THIS PLAN SPELLS OUT A 25 YEAR REPAYMENT PERIOD.

THAT'S WHAT WE HAVE BEEN DOING FOR THESE VOTED BONDS.

THIS WILL BE, AGAIN THE LAST SET OF BONDS.

THE CITY IS PRELIMINARILY POISED TO GROW ABOUT 19% IN TAXABLE ASSESSED VALUE COMPARED TO 2022.

THAT'S WHAT WE GOT FROM COLLIN COUNTY APPRAISAL DISTRICT LAST MONTH.

THESE AGAIN WILL BE PAID FOR WITH THE DEBT SERVICE PROPERTY TAX, WHICH WE EXPECT THAT OVERALL THE CITY'S TAX RATE SHOULD NOT BE IMPACTED BY THIS TRANSACTION BASED ON THE GROWTH THAT WE HAVE HERE. THE MARKETS, THE FINANCIAL MARKETS, THE BOND MARKETS ARE A LITTLE TURBULENT RIGHT NOW.

SO WHAT WE'RE BUDGETING HERE IS A 4.55% INTEREST RATE.

IF YOU WERE TO SELL TODAY, YOU'LL PROBABLY BE AT ABOUT FOUR AND A QUARTER, PROBABLY LOWER.

BUT WE WANT TO BUDGET A LITTLE BIT HIGHER JUST IN CASE SOMETHING HAPPENS BETWEEN NOW AND THE END OF JUNE.

WE DON'T KNOW WHAT'S GOING ON HERE WITH FINANCIAL MARKETS ARE VERY CHOPPY TO SAY TODAY'S MARKET.

YES. SO FOR THOSE THAT ARE MATHEMATICALLY INCLINED, WE PUT TOGETHER HERE A SOURCES AND USES OF FUNDS TABLE.

THESE BONDS ARE EXPECTED TO SELL AT A PREMIUM.

WHAT THAT MEANS IS THAT THEY SELL OVER 100 CENTS ON THE DOLLAR.

THESE ARE DOUBLE-A BONDS.

THE CITY IS CURRENTLY RATED DOUBLE-A BY STANDARD AND POOR'S, DOUBLE DOUBLE-A TWO BY MOODY'S.

SO WE EXPECT INVESTORS TO PAY MORE THAN 100 CENTS ON THE DOLLAR FOR THESE BONDS.

SO WE'RE THINKING THAT IT WOULD BE ISSUING ABOUT $15.1 MILLION WORTH OF BONDS, BUT GET 15.4 IN PROCEEDS FOR THE PROJECTS.

AS STATED BEFORE, WE HAVE A 4.55% BUDGET.

AS FAR AS THE INTEREST RATE, IF THAT WERE TO BE THE CASE, THE TOTAL KNEE OR PRINCIPAL AND INTEREST PAYMENTS FOR A 25 YEAR PERIOD WOULD BE ABOUT $26.5 MILLION FOR AN AVERAGE ANNUAL PAYMENT OF ABOUT $1,060,000.

THAT'S JUST A TABLE WE PUT IN YOUR PACKET IN YOUR PRESENTATION SO THAT YOU CAN SEE THE DETAILS OF HOW WE AMORTIZE THIS DEBT.

[01:30:01]

WE DON'T EXPECT AN IMPACT ON THE OVERALL TAX RATE.

WE EXPECT A REALLOCATION OF HOW THE TAX RATE WORKS IN TERMS OF MAINTENANCE AND OPERATIONS AND DEBT SERVICE.

BUT OVERALL, NO NEGATIVE IMPACT FOR THE CITY.

NOW, AS FAR AS NEXT STEPS, IF COUNCIL DECIDES TO MOVE FORWARD WITH THIS PLAN, IT'S NOT A FORMAL ACTION.

IT'S MORE LIKE A YES, GO AHEAD AND SET IT UP.

I WILL PUT TOGETHER A COMPETITIVE SELL AND ADVERTISE IT TO THE MARKET.

YOU'LL HAVE SEVERAL INVESTMENT BANKS BIDDING ON THIS BONDS ON JUNE 27TH.

WE WOULD GO OUT AND GET THE BOND RATING.

IN THIS CASE, WE ONLY NEED ONE.

SO WE SUGGEST YOU USE MOODY'S, WHO'S THE ONE THAT HAS BEEN RATING YOU FOR THE LONGEST TIME.

THEY CURRENTLY HAVE A DOUBLE A TWO RATING.

AND THEN WE'LL BE BACK HERE ON JUNE 27TH PRESENTING THE RESULTS OF THE SALE.

IF YOU GUYS AGREE WITH THIS PLAN, ABOUT A MONTH LATER, THE CLOSING WOULD OCCUR AND THE FUNDS WOULD BE WIRED TO THE CITY.

AND COUNCIL AND MAYOR, I'LL TAKE ANY QUESTIONS AT THIS TIME.

AS FAR AS THE BIDDING PROCESS, YES, SIR GOES.

DO WE HAVE ANY IS THAT AN OPEN BID TO JUST.

WHOEVER IS IS ENTITLED TO BID HERE IN TEXAS AND CAN ACTUALLY BUY THOSE BONDS.

RIGHT NOW, THE LOSS HERE IN TEXAS PROHIBITS CERTAIN FIRMS FROM DOING THAT OR IF THEY'RE UNDER INVESTIGATION.

CORRECT. OKAY.

SO THANKS FOR ASKING.

SO WE WOULD BE VERY EXPLICIT IN THE NOTICE OF SALE INDICATING THAT THEY HAVE TO BE COMPLIANT WITH CURRENT STATE LAW.

GOT IT. YOU'RE GOING TO GO AHEAD AND ELIMINATE CERTAIN IF THERE'S A LEGAL ISSUE WITH.

YEAH, THERE'S A LEGAL ISSUE. YEAH.

IF THERE'S LEGAL ISSUES.

CORRECT. OKAY.

I THINK IT'S GOOD.

I THINK EVERYBODY IN THIS TOWN IS READY FOR A LIBRARY.

WE PROBABLY OUGHT TO ISSUE THE BONDS TO BUILD IT.

INTEREST RATES COULD JUST GO HIGHER.

YOU BETTER DO IT NOW.

ANY QUESTIONS? NO.

I'LL GO AHEAD AND MAKE A MOTION THAT WE APPROVE.

ITEM SEVEN C. OKAY.

MOTION BY COUNCILMAN TOTEN.

I'LL MAKE A SECOND ON THAT ONE.

ALL IN FAVOR? COUNCIL. ANYTHING ELSE WE NEED TO DISCUSS THIS EVENING? WE'LL ADJOURN AT 7:34.

* This transcript was compiled from uncorrected Closed Captioning.