[CALL TO ORDER]
[00:00:07]
GOOD AFTERNOON. WE ARE NOW IN OUR CITY COUNCIL WORK SESSION. THIS IS TUESDAY, NOVEMBER 15TH THE YEAR 2022. IT IS 3 48 IN THE AFTERNOON COUNCIL CHAMBERS AT 2 22 MORE TENNESSEE STREET IN THE GREAT CITY OF MCKINNEY. FIRST ORDER OF BUSINESS IS PUBLIC COMMENTS ON AGENDA ITEMS, AND I DO NOT SHOW ANY SO WE WILL GO FIRST TO WELL DISCUSSING REGULAR MEDIA AGENDA ITEMS. IS THERE ANYTHING ON THE REGULAR AGENDA COUNCIL WOULD LIKE TO DISCUSS BEFORE MOVING TO WORK SESSION? SEEING NONE. FIRST ITEM IS INFORMATION SHARING ITEM 2 TO 0976 PROCLAMATION FOR
[Proclamation for Representative Scott Sanford, Texas House of Representatives District 70]
REPRESENTATIVE SCOTT SANFORD, TEXAS HOUSE OF REPRESENTATIVES DISTRICT 70. MR SANFORD, IF YOU'D COME UP, SIR. AND THEN YES. PLEASE. SURE.SCOTT IT'S HONORED TO PRESENT THIS PROCLAMATION TO TODAY. IT'S NOT ON HELLO. HELLO. ALL RIGHT.
IT IS AN HONOR TO PRESENT THIS TO YOU TODAY. MCKINNEY PROCLAMATION, WHEREAS THE CITY OF MCKINNEY IS THE HEART OF TEXAS HOUSE DISTRICT, 70 AND STATE REPRESENTATION FOR MCKINNEY IS VITAL TO THE NEEDS OF OUR RESIDENTS, ECONOMIC PROSPERITY AND COMMUNITY DEVELOPMENT. WHEREAS A LIFELONG TEXAN STATE REPRESENTATIVE SCOTT SANFORD, WAS FIRST ELECTED TO DISTRICT 70 AND 2012 SERVING FIVE CONSECUTIVE TERMS AND BEING AN ACTIVE MEMBER OF THE 83RD THROUGH 87TH STATE LEGISLATIVE SESSIONS, WHEREAS REPRESENTATIVE SANFORD HAS BEEN ACTIVELY ENGAGED WITH THE ISSUES AFFECTING MCKINNEY VOTERS AND SERVED ON NUMEROUS COMMITTEES.
INCLUDING PUBLIC EDUCATION, HEALTH AND HUMAN SERVICES, URBAN AFFAIRS, LAND AND RESOURCE MANAGEMENT, JUVENILE JUSTICE AND FAMILY ISSUES AND CORRECTIONS AND MOST RECENTLY, INSURANCE HOUSE ADMINISTRATION COMMITTEES IN WAYS AND MEANS. WHEREAS REPRESENTATIVE SANFORD RESIDES IN MCKINNEY, TEXAS, WITH HIS WIFE, SHELLY, IS THE FATHER OF TWO CHILDREN, ALL OF WHOM ARE PROUD. BAYLOR BEARS PROFESSIONALLY REPRESENTATIVE SANFORD HAS SERVED THE COTTONWOOD CREEK CHURCH WITH HIS FAMILY AND ALLEN, TEXAS. SINCE 1997 WHERE HE IS CURRENTLY THE EXECUTIVE PASTOR. AND WHEREAS IN HIS RETIREMENT FROM THE STATE HOUSE OF REPRESENTATIVES, WE THEN SCOTT SANFORD FOR HIS CONTRIBUTIONS TO THE BETTERMENT OF ALL TEXANS AND WISH HIM THE VERY BEST AND ENJOYING TIME WITH HIS FAMILY AND CONTINUING HIS FAITH LEAD SERVICE. THEREFORE GEORGE FULLER BY THE POWER INVESTED IN ME AS MAYOR OF THE CITY OF MCKINNEY, TEXAS, TO HEREBY PROCLAIM NOVEMBER 15TH 2022 AS THE DAY RECOGNIZING STATE DISTRICT 70 REPRESENTATIVES, SCOTT SANFORD OF THE TEXAS HOUSE OF REPRESENTATIVES IN MCKINNEY, TEXAS, WITNESSED MY HAND AND SEAL THIS DAY NOVEMBER 15TH 202. WELL FRIENDS. THANK YOU HUMBLED BEYOND DESCRIPTION AND, UM, HIGHLY HONORED. I KNOW THAT WE SHARE A LOVE A COMMON LOVE, AND THAT IS THE CITIZENS OF MCKINNEY. AND THANK YOU FOR WHAT YOU DO AND THE THOUGHTFULNESS AND THE WORK AND THE SACRIFICES THAT YOU MAKE. AND ALSO FOR THE MANY CITIZENS THAT ARE HERE OR WATCHING. THANK YOU FOR WHAT YOU DO FOR MAKING THIS. I THINK WE WOULD ALL AGREE THE PREMIER PLACE TO LIVE WORK AND PLAY TO RAISE A FAMILY AND TO DO LIFE RIGHT HERE IN MCKINNEY, TEXAS, AND PROUD TO BE A PART OF IT. SO THANK YOU, COUNCIL. THANK YOU, MR MAYOR. HAVE SOMETHING THROUGH HERE. OH, WOW.
TRADE. YEAH, FROM MY CAR. YES, ABSOLUTELY. THANK YOU FOR THAT. HE'S GOT GOOD. HOPKINS. TUESDAY.
[00:05:06]
HEY SCOTT, BEFORE YOU LEAVE, I WANT TO MAKE ONE COMMENT. I KNEW WE WERE GOING TO DO THIS TODAY.I JUST WANT TO SAY YOU WERE ALWAYS AT EVERYTHING AND YOU HANDED OUT SO MANY FLAGS AND I USED TO LOOK AT THE FACES OF THOSE KIDS. THAT YOU WOULD HAND THOSE FLAGS TO AND I DON'T KNOW IF ANY OF US CAN KNOW PROBABLY THE IMPACT THAT YOU MADE BY SPENDING SO MUCH TIME IN SHOW YOU RIGHT BY HIS SIDE AT ALL THOSE THINGS SO, UM AND I ALSO KNOW WE BECAME GRANDFATHERS TOO CLOSE TO THE SAME TIME SO Y'ALL ENJOY AND YOU'VE DONE SO MUCH AND YOU'VE TOUCHED SO MANY LIVES, SO REALLY APPRECIATE IT. YES SIR. TELL HER SCOTT SANDFORD'S STORY IF MIKE, DO MY DAUGHTER CALLS ME DURING HALFTIME OF A BAYLOR GAME THAT'S AT HOME IN WACO AND TELLS ME THAT SHE'S IN ONE OF THE BOXES THERE. SOME GUY NAMED KENNETH STARR. AND LIKE, YOU KNOW WHO CAN STORIES? NO I SAID, WHO ARE YOU WITH? SHE SAID. I'M WITH THE SANDFORD'S. THANK YOU. YEAH.
STORIES EXPECTING SCOTT. I JUST I JUST WANT TO ASK HER WHAT WAS SAID I'M GONNA GO BY PATRICK.
YOU HAVE YOU ARE YOU'VE BEEN EVERY SINGLE EVENT YOU ARE ALWAYS ENGAGED. YOU'RE ALWAYS TALKING TO RESIDENTS CONSTITUENTS. UM AND YOU'RE IN THE COMMUNITY, AND THAT'S NOT THE CASE WITH VIRTUALLY ANYONE ELSE, UM NOT TO THE EXTENT THAT THAT YOU HAVE BEEN THERE, AND SO THANK YOU. I MEAN, TRULY. DON'T STOP. DON'T STOP. THANK YOU. OKAY? ALL RIGHT. WORK SESSION. I
[Request for City Council Feedback on Proposed Updates to Low Income Housing Tax Credit Policies and Procedures]
AM TO 21052 REQUESTS FOR CITY COUNCIL FEEDBACK ON PROPOSED UPDATES TO LOW INCOME HOUSING TAX CREDIT POLICIES AND PROCEDURES. SOME DIFFERENT. MAYOR MEMBERS OF THE COUNCIL.I'M JENNY TEKIN, DIRECTOR OF HOUSING COMMUNITY DEVELOPMENT AND I AM HERE THIS AFTERNOON TO TALK WITH YOU ABOUT LOW INCOME HOUSING TAX CREDITS. THEY WERE MENTIONED A LITTLE BIT EARLIER IN THE DISCUSSION YOU WERE HAVING. WE ARE IN TAX CREDIT SEASON. SO FOR THE 9% LOW INCOME HOUSING TAX CREDITS, WE WILL PROBABLY BE RECEIVING SOME APPLICATIONS. SOME REQUESTS FROM DEVELOPERS. FOR RESOLUTIONS OF SUPPORT. YOU MAY BE SEEING THIS . SO WE THOUGHT THIS WAS A GOOD TIME TO DO AN OVERVIEW OF THE LOW INCOME HOUSING TAX CREDIT PROGRAM. JUST A BRIEF OVERVIEW TALK ABOUT HOW MANY TAX CREDIT PROPERTIES WE HAVE IN MCKINNEY. THANK YOU, COUNCILMAN BELLER FOR POINTING OUT THAT THE ORIGINAL MAP THAT WAS IN THE PACKET DID NOT SHOW ALL OF OUR HOUSING TAX CREDIT PROPERTY SO THAT HAS BEEN UPDATED, AND WE ARE ALSO THINKING THAT THIS WOULD BE A GOOD TIME TO GET SOME FEEDBACK. ON OUR LOW INCOME HOUSING TAX CREDIT POLICIES AND PROCEDURES, SO THERE HAVE BEEN A FEW LITTLE OPERATIONAL THINGS THAT HAVE COME UP OVER THE YEARS. IT WAS ENACTED IN 2016, I THINK REVISED IN 2017, SO IT'S BEEN ABOUT FIVE YEARS SO TIME TO LOOK AT THAT AND KIND OF SEE HOW IT'S BEEN WORKING, AND THERE WERE A COUPLE OF THINGS THAT WE NOTICED THAT MIGHT NEED TO BE UPDATED MED BOSS WHO WROTE THE POLICIES AND PROCEDURES AND THAT RESOLUTION IS HERE WITH US TODAY AS WELL. SO JUST WANT A LITTLE BIT OF FEEDBACK AND GUIDANCE FROM CITY COUNCIL ON THAT POLICY. SO WHAT IS LOW INCOME HOUSING TAX CREDITS? SO WE'VE GOT THE 9% IN 4% SO THE 9% HOUSING TAX CREDITS ARE COMPETITIVE, SO DEVELOPERS COMPETE FOR THOSE BASED ON A Q A P QUALIFIED ACTION PLAN THAT OUR ALLOCATION PLAN THAT IS PASSED BY THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS. EVERY YEAR, AND IT SAYS THIS IS WHAT WE'RE LOOKING FOR THIS YEAR AND SOME YEARS, MCKINNEY AND DIFFERENT PROPERTIES IN MCKINNEY ARE JUST PERFECT FIT FOR WHAT THE DEVELOPERS ARE LOOKING FOR. AND WHAT WILL SCORE HIGHEST. WE DON'T KNOW YET WHETHER THAT'S THE CASE THIS YEAR, BUT FOR 9% THEY'RE VERY COMPETITIVE. THEY'RE VERY HARD TO GET. THEY DO REQUIRE A RESOLUTION OF SUPPORT FROM CITY COUNCIL IN ORDER FOR THE DEVELOPER TO GET THE FULL POINTS AND IT'S ABOUT 70% CASH INFUSION INTO THE PROJECT, SO IT'S IT REALLY ENABLES THEM TO GET SOME OF THOSE DEEPER, DEEPER SUBSIDIES IN THE PROJECT. 4% TAX CREDITS CAN HAPPEN AT ANY TIME DURING THE YEAR AND THEY ARE NON COMPETITIVE, ALTHOUGH THEY ARE BECOMING MORE DIFFICULT TO GET, SO WE'RE FINDING THAT THERE USED TO BE KIND OF AN INSTANT THING
[00:10:03]
THAT IF IT DEVELOPER APPLIED FOR 4% TAX CREDITS, THEY WOULD GET THE ALLOCATION. IT WOULD JUST BE A MATTER OF IF CITY COUNCIL ISSUED THE RESOLUTION OF NO OBJECTION. AND ALSO THE 4% TAX CREDITS ARE ELIGIBLE FOR A CO DEVELOPMENT. SO THE CO DEVELOPMENT PARTNERSHIP THAT WE DID FOR THE INDEPENDENCE WITHIN RP GROUP THAT WAS WITH 4% TAX CREDITS WHERE WE ISSUED THE BOND AND BONDS AND THE HOUSING FINANCE CORPORATION GOT SOME OF THE TAX OR SOME OF THE TAX BENEFIT FROM THAT THROUGH THE CASH FLOW. SO BASICALLY THE 9% WE SHOULD BE SEEING THOSE AROUND THIS TIME OF YEAR. THEY REQUIRE A RESOLUTION SUPPORT FROM CITY COUNCIL. THE 4% REQUIRE A RESOLUTION OF NO OBJECTION. TO GET THE TAX CREDITS. SO JUST KIND OF REMINDER WHEN WE TALK ABOUT AFFORDABLE HOUSING OR ATTAINABLE HOUSING. SO ARE 100% OF AM I OUR AREA. MEDIAN INCOME FOR THE CITY OF MCKINNEY IS $97,400. SO FOR A FAMILY OF FOUR. THAT'S AT 30% AM. I WENT A LOT OF CONVERSATION ABOUT AM I TARGETING THAT'S ABOUT 29,200. SOMEONE MAKING THAT COULD AFFORD ABOUT A $729 HOUSING PAYMENT THAT'S MORTGAGE OR RENT. AND SO YOU CAN SEE. WHERE THE 50% AM I 80% 100 120% AM I TYPICALLY WHAT THOSE YOU KNOW WITHIN THOSE INCOME STRATA. WHAT KINDS OF WORKERS WE'RE TALKING ABOUT. AND THEN ALSO THE HOUSING PAYMENT THAT THEY COULD MAKE. THAT'S FAMILY INCOME, SO THAT'S IF THERE'S TWO IN THE FAMILY. THIS IS FOR A FAMILY OF FOUR, RIGHT? JUST SAYING IS THERE'S TWO INCOME EARNERS, RIGHT? THEY'RE BOTH THEIR TOTAL INCOME CANNOT OVER THE 29TH. CORRECT. CORRECT. SO THAT WOULD BE FOR LIKE A FAMILY FOR IF YOU HAD TWO INCOME EARNERS AND TWO CHILDREN. EXACTLY. SO HERE ARE THE FAIR MARKET RENTS. THIS IS WHAT HUD SAYS THAT THE RENTS ARE TYPICALLY, UM IN THE CITY OF MCKINNEY, AND THEY BREAK IT DOWN BY DIFFERENT ZIP CODES. SO AND THEY JUST UPDATED THESE ON OCTOBER 1ST SO YOU CAN SEE IN 75069. LET'S JUST LOOK AT THE THREE BEDROOMS BECAUSE WE'RE TALKING ABOUT FOR A FAMILY OF FOUR, RIGHT? SO 75069. A THREE BEDROOM IS $1970 A MONTH THAT'S THE FAIR MARKET RENT. WE HAVE TO BE AT 80. AM I BEFORE? WE GET TO THAT. SO THE FOLKS THAT ARE AT 30 AND 50% AM I THEY. THERE IS NOTHING REALLY THAT'S THAT'S AFFORDABLE FOR THEM. SO WE ALSO HEARD SOME CONVERSATION EARLIER ABOUT WHERE MCKINNEY WAS IN RELATION TO OTHER CITIES IN COLLIN COUNTY. AS FAR AS NOT TALKING ABOUT AFFORDABILITY, BUT THIS IS THE PERCENTAGE OF LOW INCOME HOUSING TAX CREDIT UNITS TO POPULATION. SO ANNA HAS A PRETTY SMALL POPULATION, BUT THEY HAVE 593 LIGHT TECH UNITS, SO THEY BASICALLY HAVE ONE LIKE TECH UNIT FOR EVERY 35. UM RESIDENTS. IN FARMERSVILLE. THEY HAVE A POPULATION OF 4290 HAVE 85 Y TECH UNIT, SO IT'S ABOUT ONE FOR EVERY 50 RESIDENTS. YOU CAN SEE IN MAKENI OUR POPULATION AT THE FIRST OF THE YEAR. AND THIS WAS COG POPULATION ESTIMATES 206,460, OR NUMBER OF LIGHT TECH UNITS CURRENTLY ARE 2549. THIS DOES INCLUDE US THINKS THAT THROCKMORTON THIS IS INCLUDED IN THAT TOTAL. SO WE HAVE ABOUT ONE TAX CREDIT UNIT FOR EVERY 80 RESIDENTS. AND YOU CAN SEE WE RANK ABOUT NUMBER THREE. SO DO YOU THINK THAT SHOWS A COMMITMENT? I AM NOT AT LIBERTY TO ANSWER THAT QUESTION . COUNCILMAN ROGERS I THINK THAT YOU KNOW, I THINK THAT AS FAR AS THE TAX CREDIT, UM PROPERTIES GO THAT OBVIOUSLY WE'RE NUMBER THREE AND CALLING COUNTY AND THAT'S A POLICY DECISION. HOW CAN YOU EVEN COUNT US WITH ANNA AND FARMERSVILLE? I MEAN, WE'VE GOT MORE. I MEAN, 90% MORE THAN THOSE COMBINED RIGHT AND WE HAVE 11 COMMITMENT IS THE ANSWER. IT SHOWS A REALLY NICE COMMITMENT CAN'T BE THE ARBITER OF THAT,[00:15:05]
AND WE SHOULDN'T ASK STAFF THAT BUT I THINK IT IS FAIR TO SAY THAT YOU LOOK AT MCKINNEY AT 206. FIRST GO TO 17, RIGHT? RIGHT HALF. NO THERE SHOULDN'T BE THE ARBITER OF THAT. BUT LET'S MOVE ON FROM THAT. IF YOU LOOK AT MCKINNEY AT 206 AND FRISCO AT 2 17. ROUGHLY THE SAME POPULATION WITHIN 5% AND OBVIOUSLY A LOT MORE LIKE TECH UNITS AND MCKINNEY, FRISCO, PLANO, FRISCO AND ALAN COMBINED , SO I WOULD SAY THAT SHOWS A PRETTY DANGEROUS GOOD COMMITMENT . AND SO THAT'S ONE OF THAT'S SO IF YOU LOOK AT THAT THOSE THREE CITIES COMBINED DOESN'T HAVE AS MUCH AS US. I AGREE, AND IT JUST IT JUST NUMBERS. IT'S JUST ON THE SCREEN. SO YEAH, I'M NOT DISAGREEING WITH YOU. I'M JUST MAKING AN OBSERVATION THAT THAT IT'S RIGHT THERE. AND, UM, THERE WE GO. I'LL MAKE TWO COMMENTS TO THAT ONE. HMM WE COMPARE WE MORE CLOSELY COMPARED TO OTHER COUNTY SEATS THAN WE DO OTHER SUBURBAN CITIES BECAUSE THAT IS WHERE UM , A LOT OF A LOT OF THE YES, THE SERVICES EXISTENCE THAT ENDS UP BEING AWARE A LOT OF DEMAND EXISTS. BUT WHEN I'VE DONE A COMPARISON AROUND THE STATE TO OTHER SUBURBAN COUNTY SEATS. WE COMPARE KIND OF RIGHT IN LINE AND WE ARE LOWER THAN THE OTHER THREE COUNTY SEATS IN THE DFW AREA AS A PERCENT OF UNITS PER CAPITA. THE OTHER THING I WOULD SAY IS THAT THIS LOOKING AT ONLY LIGHT TECH UNITS. HAS MORE TO DO WITH THE TIMING OF DEVELOPMENT OF A CITY AND THEN A LOT OF THEM THAN ANYTHING ELSE BECAUSE YOU TAKE A CITY LIKE PLANO. UM WHEN PUBLIC HOUSING UNITS WERE HANDED OUT, MCKINNEY WAS A LARGER CITY AND RECEIVED MORE PUBLIC HOUSING UNITS THAT IN THE OTHER CITY OR TOWN IN COLLIN COUNTY. BUT WHEN HOUSING CHOICE VOUCHERS CAME ABOUT PLANO WAS A LARGER CITY AND GOT A HIGHER ALLOCATION OF HOUSING CHOICE VOUCHERS THAN MCKINNEY DID, AND CONTINUES TO HAVE A HIGHER PERCENTAGE. AND THEN WHEN YOU'RE TALKING ABOUT THE DEVELOPMENT PATH THAT HAPPENED WHEN PLANO WAS BEING BUILT IN THE LATE SEVENTIES AND EIGHTIES. UM AND INTO THE NINETIES, THE LIGHT TECH PRODUCT DIDN'T EXIST. AND WHEN IT WAS CREATED IN THE LATE NINETIES WAS WHEN OUR DEVELOPMENT TRACK AND ARE HOUSING. NEEDS STARTED TO CREEP UP. AND SO WHEN YOU LOOK AT THAT 2500 NUMBER ABOUT 60% OF THOSE WERE BUILT 20 YEARS AGO. THEY WERE BUILT DURING THE TIME WHEN WE WERE BUILDING A INDUSTRIAL AND MANUFACTURING AND WAREHOUSING TAXPAYERS COMMERCIAL TAX BASE, AND IT HAS SERVED THAT TAX BASE AND SO WHEN YOU TAKE INTO ACCOUNT THAT 60% OF THAT PRODUCT WAS BUILT 20 YEARS AGO AND IN THE LAST 20 YEARS WHERE WE'VE EXPERIENCED 150,000 PEOPLE AND GROWTH WE'VE ADDED 1000 LIGHT TECH UNITS. TO OUR STOCK. IT DOESN'T LOOK THE SAME AS JUST LOOKING AT A STATIC NUMBER THAT SAYS WE HAVE MORE THAN EVERYBODY ELSE. PLANO HAS A DIFFERENT VARIETY OF HOUSING STOCK THAN WE DO IF YOU WANT TO TALK ABOUT PLANO'S HOUSING AUTHORITY HAS BEEN CREATING PUBLIC FACILITIES CORPORATIONS TO CREATE AFFORDABILITY IN THEIR HOUSING STOCK. AND SO THEY HAVE OTHER WAYS THAT THEY'VE DONE THAT. THEN WE HAVE AND SO THAT IT'S NOT A IT IS AN APPLES TO APPLES COMPARISON FOR LATEX, BUT IT'S NOT AN APPLES TO APPLES COMPARISON FOR AFFORDABILITY.WELL, BUT YOU KNOW, IN MY VERY BRIEF TIME ON COUNCIL. WHAT 10 MONTHS. THIS IS THE THIRD LIKE TECH PRODUCT THAT WE'VE APPROVED IN THE FARM, ROUGHLY ADDING UP THE UNITS. I THINK IF WE TAKE PALLADIUM JEFFERSON VERDANT THIS ONE AND THROCKMORTON. THIS ONE IN LIKE JEFFERSON. VERDONK'S DOESN'T LIGHT UP. THAT'S TRUE. YEAH OKAY. UM THAT'S THE OTHER TWO. BUT IT'S ABOUT 600 UNITS, RIGHT? THE PALLADIUM, AND THROCKMORTON THINKS IT'S A LITTLE BIT LESS THINKS IS 220 UNITS AND PALLADIUM DID NOT GET THEIR 9% TAX CREDITS. HMM OKAY. OKAY. FORGIVE ME, HOWEVER. WE DID. COUNSEL DID GO THROUGH THE EFFORT TO DO WHAT WE DID. AND I THINK THAT ONE I WOULD THINK I'M WRONG ON THE NUMBER OF UNITS ON PALLADIUM. I THINK THAT WAS MORE LIKE 100 UNITS. 100 AND 20.
YEAH, I'M SORRY ABOUT THAT, OKAY? IT STINKS. IT'S ONLY 200 UNITS 220. I THINK TO 16 OF THOSE ARE AFFORDABLE. THERE'S LIKE FOUR THAT OUR MARKET RIGHT IN THERE. NO, I'M A I ALREADY KNOW THE ANSWER TO THIS QUESTION , BUT ONE ASK JUST SAME. DO WE HAVE ANY DATA ON WHERE THESE PEOPLE ARE WORKING OR LIVING IN THESE LIKE DICK UNITS, FOR INSTANCE? OR IS EVERYBODY IN MCKINNEY WORKING DOWN IN PLANO BUT COMING HERE BECAUSE WE HAVE MORE UNITS AVAILABLE? UM YOU
[00:20:05]
KNOW, I DON'T KNOW THAT WE HAVE DATA WORKING. GET DATA. THAT IS SOMETHING THAT WE COULD, UM WE COULD ASK. I KNOW THEY DO INCOME VERIFICATION. YOU KNOW, WITH A LIGHT TECH UNITS EVERY YEAR. I DON'T KNOW IF THAT'S PUBLIC INFORMATION. I DON'T KNOW IF THAT YOU KNOW WHAT WHAT THEY DO WITH THAT. BUT STAFF CAN CERTAINLY LOOK INTO THAT AND SAY, BUT THEN WE WOULDN'T KNOW CAN'T DISCRIMINATE, THOUGH, ON RESIDENCE OR WHERE THERE RIGHT? RIGHT YOU CAN YOU KNOW YOU CAN HAVE A SENIOR DEVELOPMENT OR SOMETHING LIKE THAT. BUT JUST LATELY AND YOU'D ALSO NEED THAT INFORMATION FROM ALLEN AND FRISCO. FIND OUT HOW MANY FOLKS WORKING IN MCKINNEY WE'RE LIVING IN THE LOW INCOME HOUSING OVER THERE. IT'S JUST POINT OF CURIOSITY OF RIGHT. IT'S ACTUALLY BEING USED BY PEOPLE EMPLOYED IN MCKINNEY. RIGHT RIGHT. AND YOU KNOW, ARE THEY, UM MCKINNEY RESIDENTS THAT WERE WORKING ELSEWHERE TO START WITH? YEAH. SO YOU CAN KIND OF SEE THAT THIS IS, UH, WHERE THE LIGHT TECH UNITS ARE WHERE MCKINNEY COMPARES. AND ONE OF THIS IS A MEASURE THAT COUNCIL CAN USE FROM A POLICY PERSPECTIVE. AND YOU CAN SEE HERE. THIS IS WHERE THE LIGHT TECH PROPERTIES ARE LOCATED THE ONES AND I THINK YOU PROBABLY HAVE A COPY OF THIS MAP WHERE YOU CAN SEE IT MORE CLEARLY. BUT THERE ARE A FEW TAX EXEMPT. SO ANY OF THE HOUSING AUTHORITY PROPERTIES ARE TAX EXEMPT, AND THE INDEPENDENCE IS TAX EXEMPT, BECAUSE THAT WAS THE 4% DEAL CO DEVELOPMENT PARTNERSHIP WITH THE HOUSING FINANCE CORPORATION AND THEN THROUGHOUT MORTON VILLAS IS TAX EXAMS, SO THAT'S REALLY PART OF A LARGER POLICY. CONVERSATION THE J P I P F C MODEL IS ALSO TAX EXEMPT, SO TAX EXEMPTION IS A WAY THAT WE CAN GET AFFORDABILITY IN HOUSING THAT THAT THERE'S A POSSIBILITY FOR THAT. SO THAT'S ANOTHER POLICY DECISION THAT WE WILL PROBABLY BE. STAFF WILL PROBABLY BE BRINGING BEFORE COUNCIL IF YOU'RE INTERESTED TO START TALKING ABOUT HOW MUCH TAX EXEMPTION DO WE WANT TO ALLOW? AND WHAT'S THE TRADE OFF FOR TO BUILD FOR AFFORDABILITY? WHERE DO WE SET THAT STANDARD? YOU KNOW IF WE'RE GOING TO DO TAX EXEMPTION? WHAT'S THE AM I? HOW MANY UNITS THAT SORT OF THING? SO. AND THE LAST THING I DO IS BELIEVER. THIS CONVERSATIONS WE HAD TWO MORE MEETINGS, BUT YOU KNOW, BECAUSE I HEARD A STEP THAT LAST 20 YEARS THERE'S ONLY BEEN A COUPLE, BUT I'M SEEING A WHOLE BUNCH OF COMPLEXES UP THERE THAT ARE IN VERY RECENT HISTORY. YEAH I'M SEEING YOU KNOW FROM THE MILLENNIUM, WHICH CERTAINLY WAS WELL WITHIN THE LAST 20 YEARS SUPPOSED TO HAVE THE INDEPENDENCE. GRAND TEXAN, UM MIRROR WHICH, OF COURSE WE READ NEWS OR RATHER, WHICH WAS COMPLETELY REDONE. UM ERIC REDONE. UH, NEW SPHINX PRODUCT. I MEAN, IT SEEMS TO ME THAT THERE'S A WHOLE LOT OF DEVELOPMENTS THAT HAVE BEEN WELL WITHIN THE LAST 20 YEARS. I THINK THERE ARE ABOUT 1000. IF YOU LOOK AT EVERYTHING THAT IS 2000 PRE 2000, THERE'S ABOUT 1000 UNITS THAT FALL OFF. SO 1000 PRE 2000 RIGHT ABOUT 1000 UNITS BECAUSE MORE LIKE 60 TO 70 70% OVER THE LAST 20 YEARS, NOT WELL, ONE THING I SAID 50 60, WHICH IS 1500. IN THE LAST BEFORE 20 YEARS AGO, SO THAT'S THROUGH. 2002 JUST PULLED THAT OFF THE T. D. H C. A WEBSITE. SO IN TERMS OF WHAT'S BEEN DONE IN THE LAST 20 YEARS, MILLENNIUM AND POST OAK OR 130 UNITS PIECE , THAT'S TOO WE ALSO HAVE REDONE NEWSOME, SO THERE'S SOME THINGS THAT AREN'T SHOWING UP THERE THAT IS COMPLETELY REDONE. MERIT DEMERIT, BUT YOU GET TO 1000 UNITS IN THE LAST 20 YEARS. THE GRAND TEXAN IS WAS BUILT IN 99. ALL OF THE SENIOR HOUSING WAS BUILT BEFORE 2000. UM, LIKE SAVE ELDORADO WAS BUILT BEFORE 2000. I BELIEVE, BUT IT WAS IT WAS REHABBED IN 2017, AND WE CAN'T IGNORE THAT, BECAUSE OTHERWISE THAT PROPERTY WAS, BUT LET'S DON'T BELIEVE IT. WE GOTTA WE GOTTA MOVE ON. WE'VE GOT TWO MORE MEETINGS. I THINK AND THEN SO THE POLICY DECISIONS POSSIBLE LIKE TECH METRICS, NOT SOMETHING THAT NEEDS TO BE DECIDED TODAY, BUT JUST FOOD FOR THOUGHT. OR IF YOU FEEL LIKE, YOU KNOW, GIVING POLICY DIRECTION ON THIS, THAT WOULD BE WONDERFUL, YOU KNOW? DO WE WANT TO KEEP DOING CASE BY CASE AS THESE DEVELOPERS BRING LIGHT OAK PROJECTS LIKE IT DON'T LIKE IT MEETS THE CRITERIA OF THE LIGHT TECH POLICY OR IT DOESN'T DO WE WANT TO DECREASE THE NUMBER OF AFFORDABLE UNITS TO 1 TO 150? MORE LIKE PLANO? DO WE WANT TO MAINTAIN WHERE WE ARE[00:25:01]
, WHICH IS LIKE ONE UNIT FOR EVERY 80 RESIDENTS, OR DO WE WANT TO GROW THAT SLIGHTLY? DO WE WANT TO GET CLOSER TO ONE TO EVERY 50 UNITS LIKE FARMERS BILL, SO THAT'S POSSIBLE METRIC THAT COUNCIL COULD USE AND KIND OF SET. THIS IS WHERE WE WANT TO BE FOR LIKE TECH PRODUCT AGAIN, YOU KNOW THE COUNCILMAN GELLER'S POINT, TECH PRODUCTS ARE NOT THE ENTIRE AFFORDABLE HOUSING SPECTRUM. THEY'RE THEY'RE PRETTY MUCH FOR THE 50 TO 70% AM I SO JUST JUST SOME FOOD FOR THOUGHT.SO THE LIGHT TECH POLICY AND THIS IS REALLY WHERE STAFF NEEDS NEEDS COUNCIL DIRECTION. IT PROVIDES ADMINISTRATIVE PROCEDURES BY WHICH THE CITY WILL REVIEW LOW INCOME HOUSING TAX CREDIT. UH, RESOLUTIONS. SO THIS IS WHAT WE BRING TO YOU. THE STAFF ANALYSIS EVERY YEAR WHEN A DEVELOPER COMES IN AND SAYS, HERE'S MY PROJECT. IT'S THE THING THAT HAS THESE ARE THE NUMBER OF UNITS. THIS IS WHAT HOW MANY OF THIS KIND HOW MANY OF THAT KIND. THIS IS WHERE IT IS. HERE'S WHAT THE INFRASTRUCTURE IS. PLANNING AND ZONING. HAS BEEN ONE OF THE ISSUES. THAT. WE'RE HAVING KIND OF THERE'S KIND OF A DISCONNECT BETWEEN WHAT THE POLICY SAYS AND WHAT WE ARE DOING IN PRACTICE, AND WE WANT TO GET COUNCIL DIRECTION ON THIS. SO YOU CAN READ HERE WITH THE CURRENT POLICY LANGUAGES? IS IT IN LINE WITH THE CITY'S COMPREHENSIVE PLAN, WHICH IS KIND OF THE EASY PART? AND THE OTHER ONE SAYS WHETHER THE APPLICANT IS IN THE PROCESS OF SEEKING THE APPROPRIATE ZONING FROM THE CITY AND HAS SIGNED AND PROVIDED TO THE CITY, A RELEASE AGREEING TO HOLD THE CITY AND ALL OTHER PARTIES HARMLESS IN THE EVENT THAT THE APPROPRIATE ZONING IS DENIED. THAT'S WHAT'S IN THE POLICIES AND PROCEDURES. WHAT WE HAVE BEEN DOING IN PRACTICE IN THIS WAS BECAUSE A FEW COUNCILS AGO IT WAS KIND OF UNDERSTOOD OR IT WAS COUNCIL WILL THAT THE PROJECTS WOULD HAVE ZONING IN PLACE. SO THEY WOULD GO THROUGH ALL OF THE ZONING. YOU KNOW PROCEDURES HAVE THE CORRECT ZONING IN PLACE BEFORE THEY CAME BEFORE COUNCIL FOR RESOLUTION OF SUPPORT OR NO OBJECTION, AND I THINK THE IDEA AT THE TIME WAS THAT COUNCIL DIDN'T WANT PLANNING AND ZONING. THEY DIDN'T WANT TO DO ANYTHING OR SAY YES.
WE'RE IN FAVOR OF THIS PROJECT. WE'RE ISSUING A RESOLUTION OF SUPPORT. AND THEN PUT PRESSURE ON P AND Z. TO APPROVE THE PROJECT, SO THEY WANTED TO KEEP THOSE TWO THINGS VERY SEPARATE.
BUT AGAIN, THAT'S NOT WHAT OUR POLICY SAYS SO STAFF IS SEEKING DIRECTION. DO WE WANT TO MAINTAIN WHAT WE'RE DOING, WHICH IS KEEP THE CURRENT POLICY THAT SAYS THEY DON'T HAVE TO HAVE ZONING IN PLACE. THEY JUST HAVE TO HAVE A HOLD HARMLESS AGREEMENT. AND BUT IN PRACTICE, MAKE SURE THAT THEY HAVE ZONING IN PLACE, WHICH STAFF IS NOT RECOMMENDING. DO WE WANT TO AMEND THE POLICY LANGUAGE TO REFLECT THE REQUIREMENT THAT ZONING IN PLACE FIRST? OR DO WE WANT TO ALIGN WHAT WE ACTUALLY DO IN PRACTICE? WITH THE POLICY. E AS LONG AS THEY COME IN, THEY HAVE APPLIED FOR THE APPROPRIATE ZONING. THEY SIGNED THE HOLD HARMLESS AGREEMENT THEY CAN COME TO COUNCIL AND GET THEIR RESOLUTION OF SUPPORT OR NO OBJECTION. EVEN IF, UM PLANNING AND ZONING HAS NOT APPROVED THEIR ZONING. SO THIS IS A SUBSTANTIVE ISSUE THAT STAFF WOULD LIKE COUNCIL DIRECTION ON WHAT DO YOU WHAT IS THE PREFERENCE OF STAFF BETWEEN THE 2ND AND 3RD? TO THINK STAFF PREFERENCE WOULD BE TO MAINTAIN THE POLICY LANGUAGE AND IMPLEMENT THE USE OF HOLD HARMLESS FOR PROJECTS THAT ARE IN ZONING PROCESS. WHAT WE SEE IN PRACTICE IS THAT DEVELOPERS COME IN THEY ARE REQUIRED TO DO THE REZONING TO MULTI FAMILY BEFORE THEY CAN COME BEFORE COUNCIL FOR THE RESOLUTION OF SUPPORT OR NO OBJECTION. AND BECAUSE THEY MAY OR MAY NOT GET THE TAX CREDITS. IN PRACTICE. WE HAVE PROPERTIES THAT WEREN'T ZONED MULTI FAMILY BEFORE THAT ARE NOW ZONE MULTI FAMILY AND THEY DON'T GET THE TAX CREDITS.
SO, UM. I THINK STAFF. I THINK THAT THE STAFF PREFERENCE WOULD BE TO MAINTAIN THE POLICY LANGUAGE. A LOT OF DEVELOPERS THAT HAVE WORKED WITH MCKINNEY NO, WE HAVE TO HAVE ZONING IN PLACE FIRST, BUT A LOT OF THEM, YOU KNOW, COME IN AND MID DECEMBER, AND THEY'RE LIKE, HEY, WE NEED A RESOLUTION OF SUPPORT. NO OBJECTION. AND HERE'S WE'VE GOT THIS PROPERTY IDENTIFIED AND THEY DON'T KNOW THAT THEY HAVE TO HAVE ZONING IN PLACE. JUNIATA 9% PROCESS. WHAT DOES TDH CIA ALLOW THEM WHEN THEY SUBMIT THEIR APPLICATION AND JANUARY OR WHATEVER. THEY GIVE THEM SOME
[00:30:03]
ALLOWANCE TO OBTAIN ZONING AS IT INTO JUNE OR JULY, RIGHT? THEY JUST HAVE TO HAVE SIGHT CONTROL.SIDE CONTROL BUT NOT ZONING. BUT THEY DO HAVE A DEADLINE FOR ZONING, DON'T THEY? AND I THINK IT IS LIKE JUNE OR JULY AND THEY HAVE TO TURN IN THEIR TAX CREDIT APPLICATION WITH THE RESOLUTION OF SUPPORTER NO OBJECTION OF RESOLUTION OF SUPPORT IS WHAT THEY GENERALLY LIKE TO HAVE BY MARCH, 1ST. SO THE THING THAT I FORESEE AS A RISK IS IF WE HAVE THREE APPLICATIONS. COME IN, HMM. ONE WITH WITH THE ZONING 12 WITHOUT UM AND WE REALLY ONLY FEEL LIKE YOU KNOW, GO INTO THE PRIOR POLICY WHERE WE'RE TRYING TO MAINTAIN OR SOMETHING LIKE THAT ARE NUMBER OF UNITS. WE DECIDED WE WOULD LIKE TO SEE ONE DEVELOPED THIS YEAR AND WE PICK ONE. AND THEN IT DOESN'T YOU KNOW WHEN, WHEN WE START DIGGING THROUGH THE REQUIREMENTS FROM A ZONING PERSPECTIVE. IT DOESN'T OBTAIN ZONING AND THEN. WE'RE PAST THE TIME WHERE MAYBE THE SECOND PROJECT WOULD HAVE BEEN MORE VIABLE OR SOMETHING LIKE THAT. SO YOU YOU RISK THAT IN TERMS OF WE WE'VE OBVIOUSLY GOT A FEEL FOR THAT. BUT THAT DOESN'T MEAN IT. ACTUALLY, IT'S KIND OF HAPPENED ONCE THEY GO THROUGH EVERYTHING TO ME. THAT'S YOUR RISK OF THE THIRD ONE. I DON'T DISAGREE THAT I THINK IT'S PROBABLY STILL BETTER. BUT IN TERMS OF IF YOU IF YOU IF YOU MAKE THE DECISION TO ONLY GRANT SUPPORT TO ONE PROJECT IN THE YEAR AND THEN THEY DON'T OBTAIN ZONING AND YOU COULD HAVE SUPPORTED A DIFFERENT PROJECTS THAT ALREADY HAD ZONING IN MEXICO. TOUGH ONE THING THAT THAT COULD BE HELPFUL FOR COUNCIL IS YOU KNOW IS IT IS THE PROJECT, THE LOCATION AND HIS MULTI FAMILIES OWNING IN LINE WITH THE COMPREHENSIVE PLAN. SO THAT THAT COULD KIND OF BE A DECIDING FACTOR FOR THAT RESOLUTION. YOU KNOW, AS YOU'RE SAYING THAT RESOLUTION OF SUPPORT OR OR NOT THE OTHER THING IS. ZONING FOR A PROJECT THAT ALREADY HAS. SUPPORT FOR AFFORDABILITY BECAUSE THEY'RE MUCH DIFFERENT. ZONING CASE THAN ZONING FOR MULTIFAMILY. IT'S CERTAINLY CHANGES THE DYNAMICS. OF. COMMUNITY SUPPORT HER OPPOSITION TO THE ZONING CASE.
WHAT AM I MISSING HERE? IT SEEMS LIKE ON NUMBER THREE. IF THEY DON'T HAVE MULTI FAMILIES OWNING THAT'S A HIGH MOUNTAIN AND HIGH HURDLE FOR THEM TO OVERCOME TO COME TO US. IT SEEMS TO ME I'D RATHER THAN HAVE THE ZONING IN PLACE FIRST. SO WHAT AM I MISSING? WHAT'S BETTER, ABOUT THREE? UM IT AGAIN, UH, DEVELOPERS THAT. THAT'S NOT A STANDARD PRACTICE FOR CITIES FOR THE DEVELOPER TO HAVE ZONING IN PLACE BEFORE THE RESOLUTION IS HEARD, BECAUSE SO FEW OF THEM ACTUALLY GET FUNDED. IT'S A PRETTY HIGH HURDLE FOR THE DEVELOPER TO GO THROUGH TO PURCHASE THE PROPERTY TO REZONE TO DO ALL THE THINGS THAT GO ALONG WITH AND THEY'RE LIKELY TO NOT GET THE TAX CREDITS, FRANKLY , OKAY, SO IT DOESN'T COMPEL ANYONE OR PRESSURE R P AND C DEPARTMENT TO GIVE THEM THE ZONING. IT'S JUST A AH! EASIER WAY FOR THE DEVELOPER TO FLESH OUT WHETHER THEY CAN GET IT OR NOT. AND SEE HOW THEY'RE GOING TO PROCEED. EXACTLY. OKAY. THANK YOU FOR EXPLAINING THAT TO ME. NO YOU MAY HAVE SAID THIS IN YOUR FIRST SLIDE. I BELIEVE IT SAID THAT YOU HAD SAID THAT THE 4% WAS AVAILABLE FOR PUBLIC PRIVATE PARTNERSHIPS. BUT YOU DIDN'T MENTION THAT WOULD 9% IT IS NOT RIGHT SO WE COULD NOT DO A 50% AM I OR LESS AS A PUBLIC PRIVATE PARTNERSHIP. UM WELL, SO FOR THE PUBLIC PUBLIC PRIVATE PARTNERSHIP WITH A 4% ALL OF THE 4% HAVE TO AVERAGE OUT AT 60% AM I AT INDEPENDENCE? WE DID 50% UNITS, BUT THEN WE HAD TO OUT TO BALANCES OUT WITH 70% UNITS. BUT YOU ARE CORRECT. THE 60% ISH IS AS LOW AS THE 4% GOES. LONG AS THAT'S THE AVERAGE. CORRECT. THANK YOU. DID YOU? THE POLICY HAS WRITTEN IF YOU COULD BACK IT UP, ONE SLIDE. DOESN'T SAY THAT YOU HAVE TO. DOESN'T SAY THAT YOU HAVE TO WAIT UNTIL THE ZONING IS APPROVED. I THINK WHAT THE STAFF IS TELLING YOU IS THAT IN PRACTICE WE HAVE NOT CONSIDERED THEM UNTIL THEY WERE REZONED. HAS WRITTEN. THESE ARE JUST INFORMATIONAL POINTS. IS IT CONSISTENT WITH COM PLAN? OR IS IT ALREADY ZONED? SO IT'S INFORMATION THAT YOU WOULD TAKE IN MAKING THE DECISION ON THE RESOLUTION TO FOR NO OPPOSITION OR FOR APPROVAL, SO. I THINK
[00:35:06]
WHAT STAFF IS REALLY ASKING IS IN PRACTICE. THE COUNCIL'S BEFORE THIS COUNCIL HAVE SAID DON'T COME HERE WITH A RESOLUTION UNTIL YOU GET YOUR REZONE. THE POLICY DOESN'T DOES IT SAY YOU HAVE TO GET RESULTS? SO I THINK SHE'S REALLY, REALLY MORE CONCERNED WITH WHAT IN PRACTICE IS HAPPENING. THEN THE LANGUAGE ITSELF. DOES THAT MAKE SENSE? BECAUSE THE LANGUAGE SAYS WHAT IS THE STATUS? ARE YOU IN THE ZONING CASE OR NOT? OR YOU ALREADY ZONE? AND IF YOU'RE ALREADY ZONED ARE YOU? CONSISTENT WITH THE COM PLANT, AND IF YOU'RE IN PROCESS HAVE YOU SIGNED THE WAIVER? SO BEFORE OUR COUNCIL SAID, DON'T COME SEE US WITH THESE 9% REQUESTS UNLESS YOURSELF I THINK MAYBE. WHAT WE NEED IS SOME DIRECTION THAT PLEASE DO. BRING THEM IF YOU IF THIS IS YOURS WILL PLEASE DO BRING THEM WHETHER THEY'RE IN PROCESS OR WHETHER THEY'RE RESULT. THAT'S FINE CONCERN WOULD BE AN INFLUX OF PEOPLE APPLYING FOR THIS TYPE OF PROJECT WITHOUT HAVING IT EARMARKED PIECE OF PROPERTY THAT THEY HAVE UNDER CONTRACT AND I THINK THE PROPOSAL WOULD ACTUALLY ADDRESS THAT ISSUE AND I KIND OF DOUBT FROM A PRACTICAL STANDPOINT, THAT WE MADE IT. YOU DON'T HAVE TO HAVE A PIECE OF PROPERTY. WE WOULDN'T SEE AN INFLUX OF APPLICATIONS ANYWAY. RIGHT SO IT'S A VERY EXPENSIVE PROCESS FOR THEM AS WELL. SO THEY HAVE TO HAVE SIGHT CONTROL AND ALL OF THAT THAT GOES ALONG WITH THAT, UM BEFORE. THEY MAKE THEIR APPLICATION. AND THEY WILL HAVE A SITE IDENTIFIED BECAUSE THEY COME IN. AND THEY SAY THIS ONE. THIS ONE RIGHT HERE THAT'S AVAILABLE WILL SCORE WELL, SO THEY KNOW THE SITE THAT WHERE THEY WOULD PUT THE DEVELOPMENT BEFORE THEY COME TO COUNCIL FOR A RESOLUTION. SO IF IT'S COUNCILS WILL THAT YOU KNOW IT. THE LANGUAGE STAYS AS IT IS, AND YOU DON'T REALLY CARE ABOUT THEM HAVING THE ZONING IN PLACE BEFORE WE BRING THE RESOLUTIONS TO YOU, THEN YOU KNOW, IF YOU CAN GIVE THAT GUIDANCE TO STAFF , THEN WE DON'T HAVE TO CHANGE ANYTHING. AND WE KNOW WHAT TO TELL THE DEVELOPERS. THAT'S YOUR PREFERENCE. YES. I SUPPORT THAT. I DO, TOO. TWO. OKAY. THANK YOU.AND THEN SUBSTANTIVE ISSUE NUMBER TWO AND THIS WOULD BE IN ADDITION TO THE LOW INCOME HOUSING TAX CREDIT POLICIES AND PROCEDURES, IT WOULD NOT BE BINDING TO THE DEVELOPER, BUT IT WOULD BE ASKING THEM DO THEY PLEDGE THAT THE DEVELOPMENT WILL NOT IMPOSE MINIMUM INCOME REQUIREMENTS ON POTENTIAL RESIDENTS UTILIZING HOUSING CHOICE VOUCHERS, TENANT BASED RENTAL ASSISTANCE. OR OTHER GOVERNMENT FUNDED RENTAL ASSISTANCE PROGRAMS. BY LAW BY TDH SEE A STATUTE THEY MUST TAX CREDIT DEVELOPMENTS MUST ACCEPT HOUSING CHOICE VOUCHERS. THEY MUST ACCEPT OUR TENANT BASED RENTAL ASSISTANCE VOUCHERS THE WAY THEY GET AROUND THAT IS, THEY SAY. BUT YOU HAVE TO MAKE 2.5 TIMES. THE INCOME. OR 2.5 TIMES THE RENT AND INCOME IN ORDER FOR US TO CONSIDER YOU. YEAH WE'LL ACCEPT YOUR VOUCHER. WE WON'T CONSIDER THE VALUE OF THE VOUCHER AND YOU HAVE TO MAKE THIS MUCH INCOME. WELL IF THEY HAD THAT MUCH INCOME, THEY WOULDN'T BE ELIGIBLE FOR A VOUCHER. SO THAT'S THAT'S KIND OF THE CATCH 22 THAT THAT WE'RE GETTING AND AGAIN, THIS WOULD NOT BE BINDING ON THE DEVELOPER , BUT IT SETS THE INTENTION.
FROM THE CITY THAT, UM WE? WE WISH FOR THEM TO ACCEPT OUR HOUSING CHOICE. VOUCHERS ARE TENANT BASED RENTAL ASSISTANCE ARE RAPID REHOUSING PROGRAM SUPPORT THAT HAS EVERYONE ELSE FEEL. I DON'T LIKE THAT. IT'S NOT BINDING. I THINK LEGALLY, WE HAVE TO MAKE IT THAT WAY. OKAY WITH THAT. WE DON'T HAVE A WAY TO NECESSARILY MAKE IT BINDING UNLESS WE ULTIMATELY PARTICIPANTS WITH THEIR PARTNER FUNDS. BUT JUST THE APPROVAL. WE CAN'T MAKE BINDING. CORRECT FOR CO DEVELOPMENT DEALS. YOU KNOW, 4. WE COULD WE COULD MAKE THAT, YOU KNOW, PUT THAT IN THE DOCUMENTS. IF WE WERE CO DEVELOPMENT PARTNER, BUT ON THESE OTHER ONES, IT SETS THE INTENTION. I THINK YOU HAVE CONSENSUS ON THAT. YES. AND THAT IS IT. THANK YOU SO MUCH. THANK
[EXECUTIVE SESSION]
YOU. ALRIGHT WE'RE GONNA MOVE INTO EXECUTIVE SESSION, ACCORDING TO TEXAS GOVERNMENT CODE SECTION, 551071 CONSULTATION WITH ATTORNEY ON ANY WORK SESSIONS SPECIAL SESSION REGULAR SESSION AGENDA REQUIRING CONFIDENTIAL TURNING CLIENT ADVICE AND ASSISTED BY THE DELIBERATION DISCUSSION, SAID ADAMS SECTION 55172 DELIBERATIONS ABOUT REAL[00:40:05]
PROPERTY BUT THE 551720.4613 ACRES IN THE MEREDITH HEART SURVEY ABSTRACT NUMBER 3 71 CITY IN MCKINNEY, COLLIN COUNTY, TEXAS, LOTS SEVEN AND NINE BLOCKADE. BUT CAN YOU BRIDGE STREET TOWN CENTER EDITION CITY MCKINNEY COLLIN COUNTY SECTION 551.74 PERSONNEL MATTERS. POLICE CHIEF APPOINTMENT UPDATE SECTION 55187 DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT MATTERS PROJECT TO ZERO. THAT'S 09 TUBS, BREWERY AND ENTERTAINMENT DESTINATION. NO ACTION. STILL AB . IT'S GREAT TO HAVE YOU MOTION TO ADJOURN.* This transcript was compiled from uncorrected Closed Captioning.