[00:00:04]
THANK YOU. GOOD EVENING AND WELCOME. THE CITY COUNCIL OF THE CITY OF ANNA WILL MEET ON MARCH 11TH,
[1. Call to Order, Roll Call, and Establishment of Quorum.]
2025 AT 6 P.M. AT THE ANNA MUNICIPAL COMPLEX COUNCIL CHAMBERS, LOCATED AT 120 7TH STREET, TO CONSIDER THE FOLLOWING ITEMS. WELCOME TO THE CITY COUNCIL MEETING IF YOU WISH TO SPEAK ON AN OPEN SESSION AGENDA ITEM, PLEASE FILL OUT THE OPINION SPEAKER REGISTRATION FORM AND TURN IT INTO THE CITY SECRETARY BEFORE THE MEETING STARTS.AT THIS TIME, I WILL CALL THE MEETING TO ORDER.
ROLL CALL. WE HAVE ONE COUNCIL MEMBER MISSING, COUNCIL MEMBER CARVER IS NOT HERE THIS EVENING.
COUNCIL MEMBER BILLS WOULD YOU DO THAT, PLEASE? PLEASE BOW YOUR HEAD. HEAVENLY FATHER, WE COME BEFORE YOU ON THIS WONDERFUL DAY.
WE WANT TO LIFT OUR CITY UP TO YOU. WE WANT TO GIVE ALL THE PRAISE TO YOU.
HELP THIS MEETING BE FRUITFUL. HELP US TO GO FORWARD AND WITH YOU IN OUR HEARTS AND OUR MINDS.
IN JESUS PRECIOUS NAME. AMEN. AMEN. AMEN. I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA, AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.
THANK YOU SIR. THAT WILL TAKE US TO AGENDA ITEM NUMBER THREE, NEIGHBOR COMMENTS.
[3. Neighbor Comments.]
AT THIS TIME, ANY PERSON MAY ADDRESS THE CITY COUNCIL REGARDING AN ITEM ON THIS ON THIS AGENDA.EXCUSE ME. THAT IS NOT SCHEDULED FOR PUBLIC HEARING. ALSO, AT THIS TIME, ANY PERSON MAY ADDRESS THE COUNCIL REGARDING AN ITEM THAT IS NOT ON THIS MEETING AGENDA. EACH PERSON WILL BE ALLOWED UP TO THREE MINUTES TO SPEAK.
NO DISCUSSION OR ACTION MAY BE TAKEN AT THIS MEETING ON ITEMS NOT LISTED ON THIS AGENDA, OTHER THAN TO MAKE STATEMENTS OR OF SPECIFIC INFORMATION IN RESPONSE TO A CITIZENS INQUIRY, OR TO RECITE EXISTING POLICY IN RESPONSE TO THE INQUIRY.
WE DO HAVE ONE COMMENT CARD, MR. EDWARD CULLUM.
I'VE HAD SOME EXPERIENCE PLAYING HOCKEY IN SEVERAL STAR CENTERS IN PLANO, RICHARDSON AND MCKINNEY.
AND I JUST WANTED TO SAY THAT IN MY EXPERIENCE, IT'S BEEN A VERY NICE PLACE TO PLAY HOCKEY. THEY'VE MAINTAINED IT VERY WELL. THE ARENAS AND THE ICE IS USUALLY VERY NICE, ESPECIALLY IN THE NEWER, THE NEWER ONES.
THE CHIPS ARE VERY MINIMAL. THE ICE IS VERY WELL MAINTAINED.
I'VE ALSO WORKED THERE AS A REFEREE NOT FOR THE STAR CENTER, BUT I'VE REFEREED ON THAT ICE BEFORE.
AND I THINK IT WOULD BE VERY, VERY BENEFICIAL FOR ANNA TO BRING IN SOMETHING LIKE THAT, ESPECIALLY IN ADDITION TO, AS I UNDERSTAND IT, BASKETBALL AND VOLLEYBALL AS WELL.
ALSO FROM WHAT BRIEF CHECKING I'VE DONE ON GOOGLE MAPS WOULD HAVE THE FURTHEST NORTH ICE RINK IN THE AREA, SO WE WOULD POTENTIALLY BE BRINGING IN TRAFFIC FROM SHERMAN OR DENISON.
I COULD BE WRONG ON THAT, BUT FROM WHEN I GOOGLED ICE RINK, I DIDN'T SEE ANYTHING NORTH OF US.
SO I THINK WE WOULD HAVE A BIG OPPORTUNITY TO BRING IN MORE TRAFFIC THAN JUST ANNA.
AND BEING THE NEWEST ICE RINK I NOTICED THAT THE MCKINNEY ONE WAS A LOT NICER THAN THE PLANO ONE, NICER THAN THE RICHARDSON ONE. SO THEY SEEM TO BE GETTING BETTER AS THEY DEVELOP AND GET NEWER.
SO WE MIGHT EVEN BRING IN SOME TRAFFIC FROM THE MCKINNEY AREA AS WELL WITH THAT.
THANKS. THANK YOU SIR. THANK YOU. JUST WANTED TO LET EVERYBODY KNOW THAT YOU CAN ICE SKATE.
OKAY. ALL RIGHT. BIG FLEX. THAT WILL TAKE US TO REPORTS.
RECEIVE REPORTS FROM STAFF AND CITY COUNCIL ABOUT ANY ITEMS OF COMMUNITY INTEREST.
DOES ANYBODY HAVE ANYTHING? ARE YOU SNEAKING OVER THERE, BERNIE, OR ARE YOU THE NEXT THING? OKAY. THANK YOU. ALL RIGHT, THAT'LL TAKE US ON TO AGENDA ITEM FIVE, WORK SESSION.
[5. Work Session.]
RECEIVE A PRESENTATION FROM REPRESENTATIVES OF THE DALLAS STARS ON A FUTURE MULTI SPORT COMPLEX, MR. PARKER. GOOD EVENING, MAYOR. GOOD EVENING.COUNCIL. I THOUGHT I'D PULL UP MY BEST INTRODUCTION VOICE AND ASK IF EVERYBODY IS READY TO RUMBLE.
MORE IMPORTANTLY, MR. BRAD ALBERTS, THE PRESIDENT AND CEO OF THE DALLAS STARS, MR. DAN STUCCO THE CHIEF OPERATION OFFICERS OF THE DALLAS STARS, AS WELL AS MR. JIM SABONIS, IS HERE WITH HILLTOP SECURITIES TO ANSWER ANY QUESTIONS YOU MAY HAVE PERTAINING TO THIS EVENT.
SO WITHOUT FURTHER ADO, I INVITE MR. BRAD UP HERE TO TO GIVE A PRESENTATION.
OKAY. AWESOME. THANK YOU. GOOD EVENING, MAYOR AND COUNCIL THANKS FOR THANKS FOR HAVING US.
WE'RE HONORED TO COME SPEAK WITH YOU GUYS TONIGHT.
[00:05:02]
THIS IS NOT OUR FIRST RODEO, WE'VE DONE A NUMBER OF THESE AS YOU CAN PROBABLY FIGURE OUT.SO RIGHT NOW IN THE FIRST OF ALL, THANK YOU FOR YOUR KIND COMMENTS.
AND YES, THIS WOULD BE THE FARTHEST NORTH FACILITY THAT WE HAVE, SO THAT'S CONFIRMED.
WE HAVE CURRENTLY TEN FACILITIES IN THE METROPLEX FROM MCKINNEY ALL THE WAY TO MANSFIELD AND EVERYTHING IN BETWEEN. AND I THINK OF THOSE TEN, ONLY TWO WERE PRIVATELY PURCHASED.
SO LET ME RUN THIS. HERE'S THIS. YOU GUYS PROBABLY JUST THOUGHT WE WERE A HOCKEY TEAM AND, YEAH, WE'RE A PRETTY GOOD ONE RIGHT NOW. I DON'T KNOW IF YOU SAW WHAT WE DID THIS THIS PAST WEEKEND, BUT WE BROUGHT MIKKO RANTANEN INTO DFW, ONE OF THE TOP TEN PLAYERS IN THE WORLD, TO ADD TO OUR FINNISH MAFIA.
BUT ONE OF THE THINGS THAT WE'VE REALLY PRIDED OURSELVES ON OVER THE LAST 20 YEARS IS OBVIOUSLY THE GROWTH IN YOUTH HOCKEY, AND BESIDES WINNING THE STANLEY CUP IN 1999, IT'S PROBABLY THE MOST IMPORTANT THING THAT AN ORGANIZATION LIKE OURS HAS BROUGHT TO THE STATE OF TEXAS. BECAUSE WITHOUT IT, I DON'T BELIEVE THAT ANY OF THIS, YOU KNOW, THE KIDS THAT HAVE BEEN HAVE BEEN ABLE TO GROW UP PLAYING HOCKEY OVER THE LAST 30 YEARS WOULD HAVE HAD THAT OPPORTUNITY. WHEN WE GOT HERE IN 1993 AND DAN WAS HERE THEN, I WASN'T QUITE, WE HAD ONE SHEET OF ICE OVER IN IRVING AT VALLEY RANCH.
SO NOW WE HAVE 16 SHEETS AND TWO MORE UNDER CONSTRUCTION IN NORTHLAKE.
WE'LL HAVE 18 SHEETS OF ICE AVAILABLE FOR EVERYBODY TO PLAY.
AND THE SPORT HAS NEVER BEEN MORE POPULAR THAN IT IS TODAY.
OUR GROWTH IN BOYS AND GIRLS AT THE LOWEST LEVELS, AT THE ENTRY LEVEL IS UNBELIEVABLE.
AND OUR TIER ONE ELITE TEAM, WHICH IS PRODUCING HIGH END PLAYERS THAT HAVE NOW GONE ON AND PLAYED IN THE NHL, HAS NEVER BEEN BETTER. WE JUST HAD THREE TIER ONE TEAMS FOR OUR DALLAS STARS ELITE QUALIFY FOR THE USA HOCKEY NATIONAL TOURNAMENT THIS WEEKEND.
SO HIGH LEVEL AS WELL AS GRASSROOTS LEVEL HOCKEY HAS NEVER BEEN BETTER.
AND YOU MIGHT ASK, HOW DID WE GET OURSELVES INTO BASKETBALL AND VOLLEYBALL? AND THIS IS A LONG STORY, BUT WE'RE IN IT, AND WE FEEL LIKE WE ARE BEST EQUIPPED TO CONTINUE TO GROW BOTH OF THESE SPORTS BASKETBALL AND VOLLEYBALL, YOU KNOW, THROUGHOUT THE DFW MARKETPLACE.
VOLLEYBALL, THE GIRLS SIDE OF IT IS INCREDIBLE.
WE HAVE 700 GIRLS PLAYING IN OUR TWO VOLLEYBALL CLUBS THAT WE OWN.
AND WE CONTINUE TO PUSH FORWARD IN HELPING GROW THAT SPORT, WHICH IS INCREDIBLY, INCREDIBLY POPULAR RIGHT NOW, THE NUMBER OF GIRLS THAT ARE LOOKING TO PLAY VOLLEYBALL HAS NEVER BEEN BETTER.
AND SO WE WANT TO LEAD, YOU KNOW, THAT, YOU KNOW, THROUGHOUT THE METROPLEX AS WELL.
FIGURE SKATING HAS BEEN A BIG PART OF OUR BUSINESS.
WE'VE HAD OLYMPIC FIGURE SKATERS COME THROUGH OUR RINKS, AND NOW WITH BASKETBALL AND EVERYBODY NEEDING GYM SPACE, WE FEEL LIKE AGAIN, WE'RE AN INDUSTRY LEADER IN BEING ABLE TO PROVIDE THESE FACILITIES FOR EVERYBODY THAT NEEDS THEM.
YOU ASK YOURSELF, WHY SHOULDN'T WE BUILD AND OPERATE A FACILITY? YOU KNOW, MUNICIPALITIES WHO OWN AND OPERATE ATHLETIC FACILITIES AS AN AMENITY FOR THEIR CONSTITUENTS, TYPICALLY OPERATE THESE FACILITIES AT A LOSS, AND THAT IS TRUE.
BUT I CAN ALSO TELL YOU THAT NOT ONE OF OUR FACILITIES OPERATES AT A LOSS.
SO AND AS YOU KNOW, ANOTHER BIG THING, AS THESE FACILITIES CONTINUE TO AGE OVER TIME, A LOT OF TIMES, YOU KNOW, CITIES FORGET THAT THEY'RE GOING TO GET OLDER AND WE NEED TO CONTINUE TO IMPROVE THEM, YOU KNOW, AND THESE THINGS BECOME A BURDEN INSTEAD OF AN AMENITY FOR THEIR TAXPAYERS OVER TIME.
ONE OF THE THINGS THAT WE DO WITH ALL OF OUR FACILITIES IS WE HANDLE THE CAPITAL REQUIREMENTS, SO WE'RE REQUIRED TO PUT IN THE CAPEX. WE CONTINUE TO OPERATE AND CONTINUE TO KEEP THESE FACILITIES AT A, YOU KNOW, AT A HIGH STANDARD. AS ONE OF YOUR CONSTITUENTS HERE, YOU KNOW, POINTED OUT AND, YOU KNOW, WE'VE GOT JANITORIAL SERVICES. WE'VE GOT, YOU KNOW, CLEANING PEOPLE THAT ARE ALWAYS WORKING TO CLEAN THE FACILITIES TO KEEP THEM IN TOP NOTCH ORDER. ON THE HOCKEY SIDE, WE MAKE ICE.
WE MANAGE THE ICE PLANTS. WE CAN, YOU KNOW, WE KEEP THAT OFF OF THE CITY'S RESPONSIBILITY, WHICH IS A WHICH IS A HUGE BURDEN THAT CITIES DON'T HAVE TO WORRY ABOUT.
SO I THINK THAT'S AN IMPORTANT THING TO REMEMBER HERE AS YOU MOVE FORWARD, IS HOW WE'LL HANDLE THE CAPITAL REQUIREMENTS, YOU KNOW, OVER THE TERM OF THE LEASE. CREATE AN AMENITY FOR YOUR CONSTITUENTS, OBVIOUSLY PROVIDING A FIRST CLASS RECREATIONAL SPORTS VENUE.
[00:10:06]
AND IF YOU'VE SEEN WHAT WE'RE BUILDING IN NORTHLAKE, WHICH IS WHAT WE'RE TALKING ABOUT BUILDING HERE IN ANNA, THIS FACILITY THAT WE'RE GOING TO BUILD IN NORTHLAKE WILL BE THE FIRST OF ITS KIND.AND IF WE'RE LUCKY ENOUGH TO BUILD ONE HERE WITH YOU ALL, IT'LL BE THE SECOND BEST OF ITS KIND.
TWO SHEET ICE FACILITY, 16 COURT VOLLEYBALL FACILITY, EIGHT COURT BASKETBALL WITH AN INCREDIBLE VIEWING AREA AND POTENTIALLY A RESTAURANT FOR FOR PEOPLE TO DINE AT WHILE THEY'RE, YOU KNOW, THE ACTIVITIES ARE GOING ON.
THE ECONOMIC IMPACT OVER THE 30 YEAR PERIOD IS INCREDIBLE.
THE TAX REVENUES EARNED ON HOTELS, RESTAURANTS, YOU KNOW, GAS STATIONS, ET CETERA.
I THINK ALL SPEAKS FOR ITSELF. BERNIE WILL HAVE, YOU KNOW, A NUMBER OF THOSE DETAILS FOR YOU.
AND EVERY WEEKEND WE'VE BEEN JAMMED OVER THERE.
THE RESTAURANTS, YOU KNOW, IN AND AROUND OUR FARMERS BRANCH, HOCKEY AND NOW GYM FACILITY DON'T KNOW WHAT TO DO WITH THEMSELVES ON SATURDAY AND SUNDAY, THEY'VE GOT SO MUCH TRAFFIC. SO I THINK THE ECONOMIC IMPACT THAT WILL COME TO ANNA ON THE WEEKENDS, YOU KNOW, AND EVEN ON MONDAY THROUGH FRIDAY WHEN YOU'RE HAVING, YOU KNOW, THESE CLUBS AND THESE TEAMS PRACTICING, THESE BUILDINGS ARE BUSY EVERY NIGHT, THE WEEKENDS WHEN THE TOURNAMENTS COME, TAKE ON ANOTHER LIFE TO THEIR OWN.
AND YOUR RESTAURANTS, YOUR HOTELS, YOUR GAS STATIONS ARE GOING TO LOVE IT, TRUST ME.
YOUR BOND RATING AND YOUR CREDIT WORTHINESS IS GOING TO INCREASE FOR FUTURE PROJECTS.
WE'RE THERE TO BACKSTOP YOUR DEBT SERVICE LONG TERM LEASE.
WE PAY FOR YOUR RENT. WE'VE NEVER DEFAULTED IN THE HISTORY OF THIS FRANCHISE, SO I THINK THAT YOU CAN REST ASSURED THAT YOU KNOW, THAT BOND RATING AND THE AND THE BACKSTOP OF YOUR AND YOUR INVESTMENT IS GOING TO BE TAKEN CARE OF.
AND THEN OBVIOUSLY GENERATING A SENSE OF PRIDE.
THE PARTNERING, YOU KNOW, WITH US BRINGING IN NHL BRAND TO THE CITY OF ANNA: AN ICE SHEET, VOLLEYBALL COURTS, BASKETBALL COURT LIKE THIS HAS PROBABLY NEVER BEEN SOMETHING THAT YOU PROBABLY EVER EVEN DREAMED ABOUT.
LET'S SEE HERE. THAT'S THE MAYOR OF CITY OF FARMERS BRANCH QUOTE I THINK PETE, YOU CAN CALL TERRY AND AND FIND OUT WHAT HE THINKS OF, HE'S A BIG FAN OF WHAT WE'VE DONE THERE. ALL RIGHT.
YOU MIGHT WANT TO TALK ABOUT FINANCING MECHANISMS. OBVIOUSLY, ALL OF THESE FACILITIES, I THINK, WITH NO EXCEPTIONS, HAVE BEEN FUNDED BY A BOND ELECTION IN EACH CITY.
I KNOW SOME OF THEM HAVE USED HOTEL TAXES AND EDC AND CDC SALES TAX MECHANISMS TO HELP FUND.
OUR ANNUAL RENT PAYMENTS THEN CAN BE STRUCTURED TO COVER THE ISSUE DEBT SERVICE FOR THE PROJECT WITHOUT ANY FINANCIAL COMMITMENTS OR ADDITIONAL FINANCIAL COMMITMENTS BY THE CITY, AND CERTAINLY NO TAX INCREASES, YOU KNOW, FOR YOUR CONSTITUENCY.
OBVIOUSLY, YOU CAN CHECK INTO HOW WE'VE DONE ALL THESE.
I THINK BERNIE HAS NORTHLAKE AND FARMERS BRANCH, MCKINNEY BOTH WOULD BE GREAT.
YOU KNOW, CITIES TO GO TO TO CHECK ON HOW WE DID THAT, HOW THE CITIES, YOU KNOW, USED THE BONDS TO GET THIS THING, GET THESE THINGS OFF THE GROUND, ETC.. HERE'S OUR NORTHLAKE PROJECT, 25,000FT². THE BOND ELECTION WAS PASSED IN NOVEMBER OF 23.
WE'RE ANTICIPATING TO OPEN HERE IN MARCH OF 26.
THE FACILITY COST WAS $45 MILLION. THE GROUNDWORK AND UTILITIES WAS $20, ALL IN $65 MILLION.
COST ANNUAL ANTICIPATED VISITORS IS 1.3 MILLION.
LIKE I SAID, THAT'LL BE THE FIRST OF ITS KIND.
SPECTACULAR BUILDING. THAT'S THE EXTERIOR. PICKLEBALL COURTS ON THE EXTERIOR AS WELL.
THE RESTAURANT AND BAR, WHICH WE'RE WORKING ON GETTING BUILT OUT RIGHT NOW IN NORTHLAKE.
THAT'S THE EXTERIOR KIND OF FROM THE RESTAURANT LOOKING OUT TO THE PICKLEBALL COURTS.
HERE'S THE COURT SPACE LIKE I SAID, 16 VOLLEYBALL, 8 BASKETBALL COURTS.
THERE'S THE ICE SHEET, ONE ICE SHEET, WE'LL HAVE TWO.
[00:15:04]
AND ONE OF THE REASONS WHY WE WANT TO COME HERE IS OBVIOUSLY THE GROWTH PROJECTION FOR YOUR COMMUNITY OVER THE NEXT 20 YEARS.WHAT YOU GUYS HAVE PLANNED HERE IS INCREDIBLE.
WE KNOW THAT THERE'S GOING TO BE A TON OF STARS FANS AND PEOPLE THAT WANT TO SKATE AND WANT TO PLAY VOLLEYBALL IN THIS CITY OVER THE NEXT TWO DECADES, AND IT'S CERTAINLY AT THE TOP OF OUR LIST FOR GROWTH IN THE METROPLEX YOU KNOW, AS FAR AS CITIES AND AREAS THAT WE WANT TO BE.
SO THAT'S A TESTAMENT TO WHAT YOU GUYS ARE BUILDING HERE.
GREAT FOR WATCHING PRACTICE FOR PARENTS, GREAT FOR TOURNAMENTS, YOU NAME IT.
ALL RIGHT. SO THAT'S THE END OF THE PRESENTATION.
I WANT TO BE OPEN FOR ANY QUESTIONS THAT YOU MAY HAVE ABOUT THIS.
WE'RE CERTAINLY EXCITED TO TO WORK WITH YOU ALL ON THIS PROJECT.
ANY QUESTIONS THAT I CAN HELP ADDRESS. COUNCIL? WHAT TYPE OF RESTAURANT IS THAT? WHAT TYPE OF RESTAURANT? WHAT KIND OF RESTAURANT? I THINK WHAT WE'RE WORKING ON RIGHT NOW IS A SHARK CLUB, WHICH IS OUR OWNER'S CONCEPT.
SO SIMPLE SPORTS BAR, A SPORTS BAR, YOU KNOW, CONCEPT.
AND THE LOCATION WHERE YOU'RE GOING TO BUILD THIS? I BELIEVE BERNIE HELP ME OUT ON THAT RIGHT OVER THERE.
YEAH. WE'RE CURRENTLY LOOKING AT SOMETHING IN THE GENERAL 75 CORRIDOR.
YEAH, IT'S RIGHT OFF OF 75 IS WHERE WE'RE LOOKING AT RIGHT NOW.
OKAY. THANKS. SO HOW DID, EXPLAIN WE'RE A GROWING CITY, RIGHT? YEAH. AND JUST THE PAST FEW YEARS, THE CITY HAS TAKEN OVER OUR YOUTH SPORTS OPERATING ALL ALL OF THAT, NOT REALLY ALL OF IT, BUT MOST OF IT, YEAH. IS THERE A PORTION OF IT THAT WE CAN OPERATE OUR YOUTH SPORTS WITH THESE FACILITIES, OR IS THIS SOMETHING YOU GUYS WOULD TAKE OVER, LIKE FOR THE BASKETBALL? BECAUSE CURRENTLY OUR BASKETBALL LITTLE THE YOUNG ONES HAVE TO TRAVEL TO FRISCO TO GO TO THE FIELDHOUSE.
SO, YOU KNOW, IN TOWN WOULD BE AWESOME. BUT I'M TRYING TO FIGURE OUT HOW WHAT KIND OF PARTNERSHIP OR HOW DOES THAT WORK WITH THE WITH THAT YOUTH SPORTS? WE CAN DO WHATEVER YOU WANT. OKAY. IF YOU WANT TO CREATE, YOU KNOW, PUBLIC USE, YOU KNOW WHAT I'LL CALL A YMCA TYPE FEEL FOR CERTAIN HOURS WE CAN DO THAT. AND THAT WAS MY NEXT QUESTION. IF AT EVENING IF THERE'S SOME OLD, OLD GUYS I KNOW, I SEE ABOUT 2 OR 3 OR 4 IN HERE THAT HAVE TOLD ME THEY PLAY HOCKEY OR DID PLAY HOCKEY, LIKE IF THEY WANTED TO PLAY HOCKEY OR BASKETBALL OR, YOU KNOW, JUST TO SHOOT AROUND FOR BASKETBALL BECAUSE THERE'S NO WAY WE DON'T WE DON'T HAVE ANYWHERE. WE DON'T HAVE A CITY REC CENTER RIGHT NOW. WE DON'T WE DON'T HAVE THAT.
YEAH. FOR ADULT HOCKEY, THAT'LL BE PART OF OUR PROGRAMING.
AT ALL OF OUR RINKS RIGHT NOW WE HAVE ADULT HOCKEY.
YOU CAN CALL IT BEER LEAGUE HOCKEY, ADULT HOCKEY, YOU KNOW WHATEVER YOU WANT.
TYPICALLY THOSE THOSE GUYS COME ON, YOU KNOW, LATE AT NIGHT SOMETIMES THEY'RE PLAYING AT 11 OR 12:00, YOU KNOW, JUST TO HAVE THE ICE TIME AVAILABLE.
BUT CERTAINLY WE'LL PROGRAM THE ABILITY TO HAVE ADULT HOCKEY AND THEN WHATEVER YOU GUYS WANT TO DO AS FAR AS CREATING PUBLIC USAGE AROUND VOLLEYBALL AND BASKETBALL WE CAN WORK THAT INTO THE SCHEDULE. OKAY, SO I THINK WE'RE REALLY FLEXIBLE ON THAT.
WE CAN OPEN THAT UP IF YOU WANT TO MAKE IT, YOU KNOW, FROM 10 TO 4 THAT IT'S OPEN TO THE PUBLIC TO COME IN AND PLAY AND CREATE A, A CITY WIDE KIND OF PUBLIC USAGE, YOU KNOW, TIME SLOT.
WE CAN DO ALL THOSE THINGS. OKAY. OKAY. AND I APPRECIATE IT.
AND JUST TO LET YOU KNOW, OUR THE BIGGEST STARS FAN IN ANNA PROBABLY JUST SHOWED UP BEHIND YOU.
HE'S IN THE JERSEY, SO. BUT I APPRECIATE IT. AND THANKS FOR I'M A FAN.
I'M A FAN OF WHAT YOU ALL JUST DID THIS PAST WEEK, YOU KNOW SO YEAH, I'M LOVING IT.
WE'LL BE REALLY FLEXIBLE ON HOW YOU NEED IT TO WORK, YOU KNOW? YES, SIR. AND I DRIVE BY THE ONE IN FARMERS BRANCH AT LEAST 4 OR 5 TIMES, AND IT WENT FROM NOTHING TO THAT FACILITY LOOKS NICE.
OH, YEAH. WAIT TILL YOU SEE THIS ONE. [INAUDIBLE] THIS WILL BE...
YEAH. I'M PROBABLY THE ONLY ONE UP HERE. I CAN'T SPEAK FOR EVERYBODY, BUT I ACTUALLY LETTERED IN HOCKEY IN HIGH SCHOOL, SO.
SO YEAH, I'M LOOKING FORWARD TO TO WORKING WITH YOU ALL ON THIS, IT'S PRETTY EXCITING FOR OUR CITY.
[00:20:06]
BECAUSE WE JUST FILED FOR A BOND ON THE STADIUM FOR THE SCHOOL.WELL, I CAN'T SPEAK TO YOUR BOND RATING CAPABILITY, BUT ALL I CAN DO IS TELL YOU THAT ALL THE CITIES THAT WE'VE WORKED WITH HAVE BONDED THESE FACILITIES. AND I BELIEVE, WITHOUT EXCEPTION, THEY'RE ALL A MINIMUM OF 20 YEARS.
SOME MAY BE EVEN A 30 YEAR LEASE. KELLY WHERE WE STEP IN AND THEN WE, YOU KNOW, WE WORK OUT THE ECONOMICS WHERE WE'RE GOING TO BACKSTOP THAT DEBT WITH MONTHLY RENT. THEN THAT NUMBER IS ON US TO MAKE SURE THAT WE CAN, YOU KNOW, WE CAN SURVIVE THAT.
WE'VE GOT TO BUILD A BUSINESS THAT CAN SUPPORT IT AND THEN OBVIOUSLY SUPPORT THE CAPEX.
SO I THINK YOU ALL HAVE TO FIGURE OUT WHAT YOUR BOND CAPABILITIES ARE.
DID YOU CHECK ON THAT? YEAH. AS FAR AS THEY USED THE FOR FUTURE MAINTENANCE, THEY WERE THEY WERE THEY WERE ALLOCATING THEIR HOT TAXES TO, TO TO TAKE CARE OF THAT. BUT TO YOUR POINT COUNCIL WOMAN IS THAT WE DO THERE IS A PART OF THIS FACILITY HAS TO GO BEFORE THE VOTERS FOR A GO BOND. AND THAT WOULD BE TARGETED FOR NOVEMBER OF THIS YEAR IF THIS COUNCIL CHOOSES TO MOVE FORWARD IN THIS MANNER.
TO DO THAT AND I KNOW JIM'S HERE TO ANSWER ANY QUESTIONS PER SE TO THAT.
BUT AS FAR AS IF THAT BOND IS PASSED THE DEBT, THE INS OF THAT COMPONENT WOULD BE THE RESPONSIBILITY OF THE DALLAS STARS TO TO PAY THAT. AND SO THAT'S WORKED OUT WITHIN THE SCHEDULES WHEN WE WORK WITH OUR FINANCIAL CONSULTANTS AND THEN LAY THAT OUT AS FAR AS FOR THEIR AGREEMENT AS WELL AS THEIR SCHEDULE OF PAYMENTS. WELL THANK YOU. YEAH. I JUST HAD A QUICK QUESTION.
I LOVE HOCKEY, I'M FROM CHICAGO. DON'T HOLD THAT AGAINST ME [INAUDIBLE] BLACKHAWKS FAN ALL THE WAY.
AS FAR AS THE $65 MILLION IN NORTHLAKE, WOULD YOU HAPPEN TO KNOW HOW MUCH OF THAT WAS BONDED? I DON'T OFF THE TOP OF MY HEAD. JIM MR. JIM SABONIS JIM DO YOU HAVE THOSE NUMBERS.
MIC] GOOD EVENING MAYOR COUNCIL MEMBERS JIM SABONIS WITH HILLTOP, ANDRE IS ON VACATION IN CHILE. I JUST HOPE HE COMES BACK NEXT WEEK.
BUT SETTING THAT ASIDE, WE'VE WORKED ON MANY PROFESSIONAL FACILITIES AND SIMILAR FACILITIES THAT DO YOUTH PROGRAMS LIKE THIS. IN NORTHLAKE ONE OF MY PARTNERS, IN FACT, SOMEONE THAT WORKED WITH ME WAS THE ACTUAL FINANCIAL ADVISOR TO THE CITY.
AND SO KIND OF GOING FOLLOWING UP ON WHAT BERNIE SAID, MOST MOST COMMON STRUCTURES THAT YOU'D SEE IS THAT FOR YOU TO ACTUALLY WORK WITH A PRIVATE ENTITY IN, IN PROBABLY A FINANCIALLY FEASIBLE WAY THAT WORKS FOR THEM YOU'LL HAVE TO HAVE BOTH BONDS BECAUSE IT'S A PRIVATE PURPOSE INVOLVEMENT IN THE PROJECT. AND SO JUST HYPOTHETICALLY, LET'S SAY WE HAD A $45 MILLION BOND ELECTION WHAT WOULD TAKE PLACE IS THE CITIZENS VOTE THAT WE CAN FUND THIS THE NATURE OF THIS PROJECT AND AND WHAT WOULD BE DONE WOULD BE NEGOTIATED BETWEEN THE CITY AND THE STARS ORGANIZATION, WHERE THEY SIGN A LEASE. AND THE LEASE MIGHT MAKE KIND OF MATCH UP MONTHLY PAYMENTS THAT WOULD TOTAL WHAT YOUR INS DEBT SERVICE WOULD BE.
SO IT'S KIND OF A CASH FLOW WASH. THEY MAKE PAYMENTS AND YOU YOU HAVE THE THE YOU DON'T LEVY INS.
SO WHEN HE SAYS THERE'S NO TAX RATE IMPACT, THE ONLY TIME THERE WOULD BE A TAX RATE [INAUDIBLE] IS THEY DIDN'T PAY THE LEASE PAYMENTS. SO EVEN IF THEY DIDN'T PAY THEIR LEASE PAYMENTS, YOU KNOW, ON THE PROJECT WE'VE DONE BEFORE, WE'D ACTUALLY HAVE A BUNDLE OF OTHER REVENUES THAT WE TRY TO ISOLATE.
WE PROBABLY PUT A TOUR TOGETHER, TAKE INCREMENTAL AD VALOREM IN THE GENERAL AREA, MAYBE SALES TAX, COULD BE HOTEL MOTEL TAX. YOU HAVE KIND OF LIKE A SECONDARY SOURCE TO ENSURE THAT THE TAXPAYERS ARE NEVER HIT.
BUT THE GOAL WOULD BE TO FIND A STRUCTURE THAT'S GOING TO REQUIRE AN ELECTION.
AND AND AGAIN, FOR, FOR NORTHLAKE THEY FUNDED TAXABLE THE THINGS THAT HAD TO BE TAXABLE.
THERE WERE SOME GENERAL INFRASTRUCTURE THAT WAS DONE TAX EXEMPT. BUT BUT THE, THE WHOLE CONCEPT IS TO HAVE AN ORGANIZATION, AN AGREEMENT WHERE THEY, THEY LEASE THE FACILITY FROM YOU, YOU, YOU NEGOTIATE THE TERMS THOSE LEASE TO MATCH YOUR DEBT SERVICE.
AT THE SAME TIME YOU HAVE THE TERMS, YOU THE CITY SINCE YOU'RE FUNDING THIS ON THEIR BEHALF, YOU KNOW, YOU KNOW, JOINT USE AND THINGS OF THAT NATURE.
BUT AGAIN, WE HAVEN'T GOTTEN INTO THE FINANCIAL ASPECT OF IT YET.
[00:25:03]
BUT, YOU KNOW, THE CITY HAS GOT A VERY HIGH BOND RATING.BUT THIS IS A VERY TYPICAL PROGRAM. AND IN FACT, I GO BACK AND IT WAS A FIRM FOR A LONG TIME, ACTUALLY DID THE LAST SERIES OF STAR CENTERS THAT WERE DONE, YOU LISTEN AND THE OLD PROGRAMS, YEP. WE FINANCE THEM ALMOST SIMILAR CONCEPT THAT WE HAVE RIGHT HERE.
OKAY. DO WE KNOW WHAT APPROXIMATE COST FOR PUBLIC USAGE WOULD BE ON THIS FACILITY? AS FAR AS WHAT KEVIN WAS TALKING ABOUT, I KNOW I THINK WE CAN.
WE'LL FIGURE THAT OUT WITH YOU, IF THAT'S WHAT YOU GUYS WANT TO DO. I CAN'T.
I DON'T WANT TO THROW A NUMBER OUT. I'D BE JUST GUESSING.
AND I WOULD JUST OPEN IT UP THAT THAT'S SOMETHING WE CAN TALK ABOUT.
OH, YEAH. FOR SURE. IF THAT'S IF THAT'S IMPORTANT TO Y'ALL, WE'LL WE'LL FIGURE THAT OUT.
UNTIL YOU GET A LITTLE BIT MORE COLOR TO THAT.
AS FAR AS WE REACHED OUT TO THE TOWN MANAGER OF NORTHLAKE AND THEY HAVE THOSE WHAT YOU'RE REFERRING TO, COUNCIL MEMBER, AS FAR AS THEY DO HAVE THOSE PROVISIONS IN THERE TO WHERE THERE'S A DAY SET ASIDE THAT IS COMMUNITY DAY AND SO FORTH AND SO ON.
SO THROUGH THE PROCESS OF NEGOTIATION OF THIS, THEN WE'LL WORK IT WITHIN THE AGREEMENT. SO YES, THEY'RE TOTALLY AMICABLE TO TO TO THAT. SO THAT'S WORKED INTO THE AGREEMENT AS WELL.
THANK YOU. ON THE LAST THREE THAT YOU'VE BUILT, WHAT OTHER ENTITIES WANTED TO FOLLOW YOU ALL, RIGHT, SO HEY WE'RE BUILDING THIS THIS IS HAPPENING.
WHAT OTHER AGENCIES AND OR PARTNERSHIPS HAVE BEEN, HAVE PEOPLE REACHED OUT WITH YOU ALL TO CREATE? WELL, I CAN TELL YOU THAT WE'RE REALLY POPULAR WITH CITIES LIKE YOURSELVES ALL OF A SUDDEN.
I MEAN, IT'S THE LIST IS GROWING EVERY DAY. YEAH.
CITIES THAT HAVE SAID, HEY, WE SAW WE SAW WHAT YOU BUILT IN FARMERS BRANCH. WE KNOW WHAT YOU'RE BUILDING IN NORTHLAKE. WE WANT SOMETHING. RIGHT? IT'S NOW NOT JUST IN DFW, IT'S STARTING TO SPREAD STATEWIDE. SO CERTAINLY A LOT OF CITIES HAVE EXPRESSED INTEREST, JUST LIKE YOURSELVES, IN PARTNERING WITH US TO BUILD THIS. I THINK THE OTHER THING, YOU KNOW, COUNCIL MEMBER JODY, THAT IT'S IMPORTANT FOR YOU GUYS TO REMEMBER HERE IS AS YOU START TO DO THIS, PEOPLE ARE GOING TO RECOGNIZE THIS FACILITY AS A TOURNAMENT HEADQUARTERS FOR HOCKEY, A TOURNAMENT HEADQUARTERS FOR VOLLEYBALL, A TOURNAMENT HEADQUARTERS FOR BASKETBALL. AND PEOPLE ARE GOING TO KNOW THAT, HEY, WE'RE GOING TO ANNA THIS WEEKEND FOR A GREAT TOURNAMENT. AND, YOU KNOW, THE FACILITIES ARE FIRST CLASS.
PEOPLE ARE GOING TO BE BRAGGING ABOUT WHAT A GREAT FACILITY IT IS THAT'S GOING TO LEAD TO PEOPLE TALKING ABOUT YOUR CITY ENDING UP, YOU KNOW, EATING AT RESTAURANTS, STAYING HERE WHEN WE HAVE TOURNAMENTS, AT HOTELS, IN AND AROUND THE AREA, AND PARTNERSHIPS ARE GOING TO FOLLOW THAT TOO.
AND THAT ENTITIES ARE FOLLOWING US THERE TOO, AS WE CONTINUE TO GROW AND ENGAGE IN MORE DIFFERENT CITIES, MORE SPORTS, ETC. YOU KNOW, THERE'S MORE CORPORATE SUPPORT THAT WANTS TO COME IN AND BACKSTOP US AS WELL.
YEAH, THAT'S THE BIGGEST THING THAT THIS IS ALL OF THIS IS EXCITING.
THAT'S THE BIGGEST THING TO ME IS YOU GUYS ARE GOING TO COME HERE, THE AMOUNT OF PEOPLE THAT ARE GOING TO TRAVEL FROM OKLAHOMA, ARKANSAS, RIGHT. LIKE LIKE I'VE DONE SOME RESEARCH.
SO I WOULD DEFINITELY HOPE THAT OVER LIKE THE NEXT MONTHS AND YEAR, HOWEVER LONG THAT THIS TAKES TO COME TO FRUITION, THAT WE ARE PREPARED AS A STAFF TO WORK WITH YOU, THAT WHEN AGENCIES REACH OUT TO YOU AND SAY, HEY, I HEARD YOU'RE BUILDING ONE. I HEARD IT'S GOOD TO GO.
WE NOW WANT TO COME THERE. AND WE ARE THE WESTIN HOTEL, RIGHT.
THAT THAT'S A PARTNERSHIP THAT OBVIOUSLY YOU GUYS ARE GOING TO PASS THEM OFF TO US BECAUSE WHY WOULDN'T YOU WANT A HOTEL RIGHT BESIDE YOUR FACILITY? RIGHT. SO THAT'S THAT'S HOW I WANT TO SEE THIS PARTNERSHIP IS THAT WE'RE WORKING HAND IN HAND.
AND THEN ON 75, THAT THING JUST KEEPS GETTING BUILT OUT AND BUILT OUT.
AND IT'S A HIGHER END BUILD OUT RIGHT TO A COMPANY WHAT YOU GUYS ARE DOING.
SO YEAH OKAY. THANK YOU. HAVE RESTAURANTS THEY'RE GOING TO WANT TO BE AROUND THIS. ABSOLUTELY.
WE'VE GOT RESTAURANTS. WE'VE GOT GUYS DYING TO GET INTO NORTHLAKE. YEAH THAT WE HAVE TO TURN DOWN.
YES, SIR. OKAY. THANK YOU SIR I APPRECIATE YOUR TIME.
COUNCIL ANYTHING ELSE? LOOK FORWARD TO WORKING WITH YOU.
I THINK THIS COULD BE FANTASTIC. THANK YOU. THANK YOU COUNCIL.
[00:30:03]
THANK YOU. SO, MAYOR AND COUNCIL, BEFORE WE CLOSE THIS ITEM WE'LL CONTINUE WORKING WITH THE DALLAS STARS, WE'LL CONTINUE FLESHING OUT SOME OF THESE KEY POINTS THAT YOU RAISED.WE WILL PREPARE TO MOVE FORWARD WITH A BOND ELECTION FOR THIS ITEM IN NOVEMBER, AND WE WILL MAKE SURE THAT WE WILL GET ALL THE INFORMATION NEEDED TO PROVIDE NEIGHBORS SO THAT THEY CAN MAKE AN INFORMED DECISION. THANK YOU, MR. HENDERSON. THANK YOU. THANK YOU.
[6. Consent Items.]
LAW. ITEMS MAY BE CONSIDERED INDIVIDUALLY BY ANY COUNCIL MEMBER MAKING SUCH REQUEST PRIOR TO A MOTION AND VOTE ON THE CONSENT ITEMS. COUNCIL ANYTHING ANYONE WOULD LIKE TO REMOVE? I DON'T WANT TO REMOVE IT, BUT I WROTE AN EMAIL TO SEND TO YOU, CARRIE, AND I THOUGHT I SENT IT, BUT I DIDN'T. IN OUR MINUTES, THE CONSENT ITEMS SHOULD BE A THROUGH N, AS IN NANCY NOT STOPPING AT M.SO OTHER THAN THAT I MOVE WE APPROVE CONSENT ITEMS A AND B.
SECOND. SECONDED. THANK YOU. ALL RIGHT. WE HAVE A MOTION AND A SECOND IF YOU WOULD PLEASE CAST YOUR VOTES. DID YOU GET THAT MOTION AND SECOND CARRIE.
OKAY. MOTION PASSES SIX NOTHING. THAT WILL TAKE US TO ITEMS FOR INDIVIDUAL CONSIDERATION.
[7. Items For Individual Consideration.]
SEVEN A DISCUSS, CONSIDER, AND ACT ON A RESOLUTION REGARDING THE NAMING OF A NEW PARK AT 1600 EAST FINLEY BOULEVARD, FINLEY PARK, DALAN WALKER. GOOD EVENING, MAYOR AND COUNCIL.SO WE JUST RECEIVED THIS WEEK 60% PLANS FOR THIS PARK, WHICH IS IN THE ANNA CROSSING AREA 28 ACRES, CURRENTLY IN DESIGN AND HOPEFULLY WE'LL BE OUT TO BID IN A COUPLE OF MONTHS ON THAT PROJECT.
AND BEFORE WE START CONSTRUCTION, WE ALWAYS LIKE TO HAVE THE PARK NAME SO THAT WE CAN INCLUDE THE NAME ON PARK SIGNS OR ANY OTHER INFORMATION THAT'S IN THE PARK. THE NAMING POLICY INCLUDES CRITERIA FOR NAMING, SUCH AS GEOGRAPHIC LOCATION, HISTORICAL FIGURES, NATURAL FEATURES THAT ARE IN THE AREA.
AND OUR LAST ONE WAS NAMED AFTER A A SIGNIFICANT PERSON IN THE CITY OF ANNA.
AND THE PARKS ADVISORY BOARD IS RECOMMENDING THAT WE GO WITH THE GEOGRAPHIC LOCATION IN THIS INSTANCE, WHICH IS FINLEY PARK, BECAUSE EAST FINLEY TRAVELS THE ENTIRE NORTHERN BOUNDARY OF THE PARK.
IT IS AND THERE'S A MAP OF THE PARK IN COUNCIL PACKET.
BUT IN THIS INSTANCE, THEY DECIDED INSTEAD OF GOING WITH ANOTHER HISTORICAL THANK YOU SIR. COUNCIL ANYTHING? IF NOT, I'LL CONSIDER A MOTION.
I MOVE, WE APPROVE ITEM A SEVEN A. SECOND. I HAVE A MOTION BY COUNCIL MEMBER HERNDON. SECONDED BY COUNCIL MEMBER BILLS. IF YOU WOULD PLEASE CAST YOUR VOTES.
ITEM PASSES SIX ZERO. THANK YOU, MR. WALKER. THAT WILL TAKE US TO ITEM SEVEN B CONSIDER, DISCUSS AND ACT ON A FILLING OF VACANCY ON THE EDC /CDC BOARD, INTERVIEW COMMITTEE. MR. NATE PIKE RESIGNED HIS POSITION ON THE EDC /CDC BOARD EFFECTIVE IMMEDIATELY.
HIS RESIGNATION LEFT A VACANCY FOR PLACE TWO THAT WILL EXPIRE ON DECEMBER 31ST, 2026.
THE INTERVIEW COMMITTEE WOULD LIKE TO NOMINATE ROCIO GONZALEZ TO FILL THE UNEXPIRED SEAT.
I HOPE I DIDN'T BUTCHER YOUR NAME. THAT IS OUR NOMINATION.
ANY QUESTIONS COMMENTS COUNCIL. WE HAVE A MOTION.
I'LL SECOND THAT. IF YOU WOULD PLEASE CAST YOUR VOTES.
ITEM PASSES SIX ZERO. THAT TAKES US TO AGENDA ITEM EIGHT A DISCUSS
[8. Future Agenda Items.]
ON THE CITY'S CONTINUED PARTNERSHIP WITH HFC AND PFC.[00:35:03]
RYAN, ARE YOU LEADING THAT? KEVIN, YOU LEADING THAT? WHO'S LEADING THIS? I CAN TURN IT OVER TO COUNCILMAN TOTEN AS HE HE ASKED FOR THIS TO BE PLACED AS A FUTURE AGENDA ITEM.OKAY. THANK YOU. YEAH. AFTER DOING A LITTLE BIT OF RESEARCH, TALKING TO A FEW PEOPLE, AND FINDING OUT THAT THIS WASN'T A MEMBER, WE BROUGHT THIS BACK WHENEVER WE WEREN'T REALLY GROWING.
SO NOW I THINK WE'RE AT A POINT WHERE WE DON'T NEED IT.
SO I WOULD LIKE TO JUST I THINK WE NEED TO DO A LITTLE BIT.
I THINK WE'RE CITY MANAGER HENDERSON AND I TALKED ABOUT DOING A WORKSHOP.
THE STAFF'S GOING TO BRING SOME, RYAN, I MEAN, YOUR STAFF'S GOING TO BRING SOME INFORMATION, LIKE HOW MANY WE HAVE RIGHT NOW CURRENTLY AND STUFF LIKE THAT.
YES, SIR. SO WHAT I WOULD SUGGEST, AS WE'VE DONE WITH PAST FUTURE AGENDA ITEMS, IS ALLOW STAFF TO PRESENT A WORK SESSION ITEM OUT HERE AS PART OF THE REGULAR AGENDA. AND FOR THIS ITEM, WE CAN JUST PROVIDE THE CONTEXT RIGHT WHEN IT STARTED.
HOW MANY APARTMENT COMPLEXES CURRENTLY UTILIZE AN HFC/PFC INCENTIVE? WE CAN EVEN HAVE OUR LEGAL COUNSEL THAT PROVIDES LEGAL GUIDANCE ON HFC/ PFC STRUCTURES, ESPECIALLY PROVIDING LEGAL GUIDANCE TO THE HFC/PFC BOARD.
AND JUST HAVE MORE OF A FULL CONVERSATION AND RECEIVE POLICY DIRECTION ON ON HOW THIS GOVERNING BODY WOULD WISH TO MOVE FORWARD ON ISSUING AND WORKING WITH HFC/PFCS ON CREATING THESE TYPE OF INCENTIVE DEALS.
BUT BUT I WOULD JUST ASK THAT YOU ALLOW STAFF THE TIME TO PREPARE FOR A WORK SESSION AND PRESENT THE COMPLETE PICTURE OF OF HOW WE'VE UTILIZED THEM, AND THEN TO GET FEEDBACK ON DIRECTION. ABOUT HOW MUCH TIME I MEAN, WHAT DO YOU THINK, A COUPLE OF MONTHS? YES. OKAY, I APPRECIATE THAT. SO I THINK MAYBE PUT IT ON THE AGENDA SOMETIME IN MAY.
THAT WOULD BE MY MY MY PREFERENCE. YES. ALL RIGHT.
THANK YOU COUNCILMAN. ONE OF THE QUESTIONS I WOULD ASK IF YOU IF YOU'RE IN PUTTING TOGETHER THAT INFORMATION, I'VE KIND OF BEEN BUMPING UP AGAINST SOMETHING THAT PEOPLE HAVE BROUGHT TO MY ATTENTION THAT WHEN WE HAVE THOSE NUMBERS, THOSE PERCENTAGES, AND I DON'T KNOW IF I'M GOING TO BE ABLE TO EXTRAPOLATE THIS IN A QUICK SENTENCE LIKE, SAY, 60% OF IT IS MARKET RATE. THERE ARE SOME PLACES THAT MAY OR MAY NOT BE GIVING THE APARTMENTS FROM THE PFC TO THE MARKET RATE PLACE, AND VICE VERSA.
SO I'D KIND OF WOULD BE CURIOUS IN THE VACANCY RATES WHAT THOSE ARE, AND IF THE COMPANIES WOULD BE ABLE TO TELL US WHICH ONE OF THOSE GROUPS THEY FALL IN, IF THAT MAKES SENSE. THANK YOU.
ON HFC/PFC FROM LIKE START TO FINISH. RIGHT. SO LIKE YOU'RE GOING TO PUT YOU'RE GOING TO GIVE US THE INFORMATION ON WHEN IT WAS CREATED, HOW MANY OF THEM WE CURRENTLY HAVE UNDER CONTRACT.
WHAT ARE THE RAMIFICATIONS IF WE STOP DOING IT? LIKE, YOU'RE GOING TO LIKE YOU'RE GOING TO GIVE US EVERYTHING, RIGHT? I KNOW THAT'S A LOT. YES, SIR. OKAY. I'M GLAD THAT YOU'RE GOING TO DO THAT AND I'M SURE YOU'RE SUPER EXCITED ABOUT IT. WE SERVE AT THE PLEASURE OF THE COUNCIL.
YEAH, ABSOLUTELY. ABSOLUTELY. I WILL JUST SAY I DO NOT THINK THAT YOU SHOULD BE DOING THAT.
THAT IS MY PREFERENCE. I THINK THAT THAT IS A TOOL THAT WE HAVE AS A CITY AND YOU CANNOT EVER TELL WHEN THE ECONOMY IS GOING TO SLOW DOWN OR STOP.
AND WE HAVE 300,000 PEOPLE AND THERE'S NOTHING GOING ON FOR 4 OR 5 YEARS.
AND I THINK IF WE I UNDERSTAND EVERYBODY ON THE BOARD, RIGHT, YOU GET TO ASK FOR WHATEVER YOU WANT TO, AND THAT'S COMPLETELY FINE. BUT I WOULD JUST CAUTION YOU ON COMPLETELY SAYING NO MORE BECAUSE IT'S FINE RIGHT NOW, RIGHT? WE'RE BUSTING AT THE SEAMS.
[00:40:01]
WE'VE GOT ALL THIS LAND. THE ECONOMY IS NOT GOOD, RIGHT? BUT WE'RE PRETTY SURE THAT IT'S GOING TO RECOVER IN THE NEXT YEAR OR SO WE HOPE, RIGHT? BUT LEGALLY, IF WE SAY NO MORE AND WE GET RID OF THAT MECHANISM, WHAT WOULD WE HAVE TO DO AS A CITY TO BRING THAT MECHANISM BACK? SO I JUST I JUST DON'T AGREE. I JUST DON'T AGREE THAT WE SHOULD JUST SAY BLANKET NO MORE.WELL, NOBODY THAT'S NOT WHAT WE'RE DOING. WE'RE JUST GOING TO PUT THIS ON THE AGENDA. WE'RE GOING TO TALK ABOUT IT. I UNDERSTAND, I UNDERSTAND, YEAH OKAY, I'LL SHUT UP. THAT'S OKAY. ANYTHING ELSE COUNCIL? IF NOT, THEN I'LL MOVE US INTO CLOSED SESSION.
MAYOR, I'LL MAKE A MOTION THAT WE, DO WE NEED A DATE CLERK? OKAY, I'LL MAKE A MOTION THAT WE PUT THE HFC/PFC DISCUSSION IN A WORKSHOP IN MAY ON THE AGENDA.
I'LL SECOND IT. HAVE A MOTION AND A SECOND. IF YOU WOULD PLEASE CAST YOUR VOTES.
MOTION PASSES SIX ZERO. NOW, I'LL GO INTO CLOSED SESSION.
[9. Closed Session (Exceptions).]
UNDER TEXAS GOVERNMENT CODE CHAPTER 551, THE CITY COUNCIL MAY ENTER INTO CLOSED SESSION TO DISCUSS ANY ACTION ITEMS LISTED OR REFERENCED ON THIS AGENDA UNDER THE FOLLOWING EXCEPTIONS. TEXAS GOVERNMENT CODE 551.071, TEXAS GOVERNMENT CODE 551.072, TEXAS GOVERNMENT CODE 551.087, AND TEXAS GOVERNMENT CODE 551.074. DO I HAVE A MOTION TO GO INTO CLOSED? I MOVE, WE GO INTO CLOSED. SECOND. HAVE A MOTION AND A SECOND.GO AHEAD AND CAST YOUR VOTES, PLEASE. OKAY.
I WAS READY TO DO IT. PASSES UNANIMOUSLY. WE'RE IN CLOSED SESSION AT THIS TIME.
ALL RIGHT. WE'RE OUT OF CLOSED SESSION AT 8:01 P.M. AND SEEING NO OBJECTION,
WE'RE CLOSED.
* This transcript was compiled from uncorrected Closed Captioning.