Oct 26, 2023 McKinney Community Development Corporation

[CALL TO ORDER]

[00:00:06]

MECHANICAL INC TO ORDER AM IN COUNCIL CHAMBERS AT 22. NANCY STREET. MCKINNEY TEXAS THIS MORNING, WE WILL HAVE OUR IMPLICATION BROUGHT TO US BY REVEREND GARY MULLINS ST PETER'S EPISCOPAL CHURCH. ALSO ORGANIZES AND SUPPORTS THE GREAT GOOD MORNING. IN THE EPISCOPAL CHURCH . WE START WITH THE LORD BE WITH YOU. DO YOU ALL KNOW THAT? ALSO WITH YOU IS THE RESPONSE THE LORD BE WITH YOU, AND ALSO WITH US PRAY HEAVENLY FATHER, WE GIVE YOU THANKS FOR THE UNIQUENESS OF OUR COMMUNITY FOR THE PEOPLE OF THE CITY THAT MAKE IT THE INCREDIBLE PLACE IT IS TO LIVE AND WORK. AND WE ASK THAT AS THIS BOARD WORKS FOR THE BETTERMENT OF THE COMMUNITY AND FOR THE DEVELOPMENT OF THE COMMUNITY THAT YOU WOULD GIVE THEM WISDOM AND A SHARE OF YOUR HOLY SPIRIT THAT YOU WOULD BE PRESENT IN THIS PLACE AND MAKE US THE COMMUNITY THAT YOU HAVE CALLED US TO BE. ALL THIS. WE ASK THROUGH. JESUS CHRIST, OUR LORD. AMEN. MAYBE WE'LL HAVE OUR INDICATION OH, I'M SORRY. OKAY MORNING, APOLOGIZE FOR MAYBE THAT'S A SIGN. UNITED STATES OF.

THOSE TWO STANDS. STRONG. I DON'T YOU HAVE ITEM 23-875, WHICH WILL BE THE OATH OF OFFICE

[Oath of Office for New and Reappointed Board Members Mary Barnes-Tilley Deborah Bradford David Kelly Chris Wilkes]

THAT WOULD BE THE BEST. PRETEND EVEN VEIN. DID STATES. OF THE STATE.

WELCOME IN FOR ANOTHER GREAT HERE THAT WE WILL DO GREAT THINGS IN THE CITY OF MCKINNEY.

[Election of Officers Chair Vice Chair Secretary Treasurer]

UNDER THE M C. M C. D. C BYLAW OFFICERS ARE CHAIR, VICE CHAIR SECRETARY TREASURER. NOMINATIONS FOR THE CDC BOARD CHAIRMAN WILL BE FIRST REQUESTED MULTIPLE NOMINATIONS MAY BE MADE FOR EACH OFFICE. A SECOND POINT NOMINATION IS NOT REQUIRED TO BE VOTED FOR VOTE TO BE CALLED BEING CALLED AFFIRMATIVE VOTE OF THE MAJORITY OF THE BOARD FOR VOTES WILL BE REQUIRED FOR ELECTION. FOR A FRIEND, MORE VOTES OR NOT CAST FOR ANY NOMINEE. SUBSEQUENT NOMINATIONS

[00:05:08]

[CONSENT ITEMS]

TO ME LIKE LINDA. YES. THAT PIN. MOTION PASSES. THIS MONTH. FINANCIALS CHANCE WILL PROTECT THE SEPTEMBER AND OCTOBER FINANCIALS AT OUR NOVEMBER MEETING. UM SO WE WILL

[REPORTS]

[00:10:04]

THAT WAS A LOVELY EVENT, BUT THEY JUST THEY JUST KEEP COMING, AND IT'S WONDERFUL THAT THIS ORGANIZATION HAS A HAND IN HOW BIG TO FUND AND SUPPORT SO MANY OF THE ENTERTAINMENT AND CULTURAL VENUES THAT KEEPS DRIVING MORE PEOPLE TO COME AND DISCOVER MCKINNEY. YEAH I TOO GOT ATTENDED TRANSPORTATION AND MARY CONGRATULATED KHAN IN COLLEGE WHEN YOU COULD ALWAYS JUST DO A GREAT JOB PUTTING ON STEP. YEAH FANTASTIC. UM BUT YEAH, ALSO ATTENDED THE MBF PERSONS WITH THE PURPOSE AND IF YOU'VE NEVER BEEN TO SEE THAT IT'S QUITE A SHOW. THESE LADIES GET KIND OF CRAZY LIKE THE PRICE IS RIGHT WHEN THEY WIN THE PERSON, SO IT'S VERY ENTERTAINING TO WATCH THAT WASN'T ABLE TO ATTEND A FEW OF EVENTS CAUSE I GOT LUCKY ENOUGH TO GO HOME, WHICH I HAVEN'T BEEN HOME FOR SEVERAL YEARS FOR MINE. REUNION WE WON'T SEE WHAT NUMBER IT WAS. BUT JUST TALKING WITH PEOPLE THAT ARE STILL BACK HOME IN BAYTOWN IN THIS HEARING THE CONCERNS THEY HAVE WITH THEIR CITY COUNCIL AND WAS GOING IN THE CITY AND HOW NOT HAPPY THEY ARE. IT'S VERY BLESSED THAT WE'VE GOT A GREAT BOARD HERE GET TO WORK WITH EVERY DAY AND OUR CITY CITY COUNCIL. EVERYBODY IN THE CITY DOES A FANTASTIC JOB. I KNOW EVERYBODY IN THE CITY IS NOT ALWAYS HAPPY WITH CITY COUNCIL DOES, BUT FOR THE MAJORITY OF PEOPLE, WE DO A GREAT JOB AND VERY APPRECIATIVE THAT I HAD AN OPPORTUNITY TO TEND THE MAIN GATE GALA. ALWAYS

[00:15:01]

JUST REALLY GRATEFUL FOR THAT OPPORTUNITY TO GO TO THE GROUNDBREAKING FOR THE NEW ICE CREAM SHOT UP. FROZEN CUSTARD THAT WILL BE COMING ON HARDEN. THAT WAS ABLE TO TASTE A LITTLE BIT OF THEIR PRODUCTS IN THE MORNING. I TASTY NOTHING BETTER THAN 30, I THINK, BUT IT WAS REALLY A GREAT EVENT. THANK YOU AGAIN AS I ALWAYS SAY, THE WORK THAT THE BOARD MEMBERS DO HERE GO BEYOND COMING TO THIS MEETING , AND THEY MAKE A LOT OF SACRIFICES DOING JOIN THEIR PERSONAL TIME TAKING OFF OF YOUR JOBS TO BE ABLE TO BE THERE TO SUPPORT THINGS. SO THANK YOU ALL AGAIN. THANK YOU FOR OUR LEADERSHIP IN THE CITY FOR JUST GIVING US GREAT GUIDANCE. UH AND EVERYTHING THAT WE DO SO APPRECIATIVE. ALSO ASKING IN THE ABSENCE OF OUR BLAZE ON COUNCILMAN JOHN MICHAEL JONES AND COUNSELING. BUILT IS JUST TRAVELING GRADES DOCTOR BUILT TRAVELING FOR THE HOMEGOING CELEBRATION OF HER BELOVED GRANDMOTHER. SO PLEASE KEEP HER AND HER FAMILY AND TRAVELING GRACE FOR THIS UPCOMING WEEKEND, SO JUST THANK YOU TO EVERYONE.

NEXT THING WE WILL GO TO CITY OF MCKINNEY. MADAM CHAIR, MADAM PRESIDENT. MEMBERS OF THE BOARD.

GOOD MORNING. MY NAME IS PAUL GRIMES CITY MANAGER. CONGRATULATIONS ON BOARD MEMBERS FOR THOSE WHO ARE SERVING ANOTHER TERM AND FOR THE OFFICERS. TO HAVE BEEN APPOINTED BY YOUR PEERS. WELL, WE'RE GONNA START OFF WITH SOMETHING A LITTLE DIFFERENT THIS MORNING. I SEE PEOPLE SHUTTERING. I SEE SOME NERVOUS LOOKS ON YOUR FACE. PROMISE YOU WON'T BE THAT BAD.

BUT I'M GOING TO GIVE YOU A SHAKESPEAREAN SUMMARY OF THE CITY UPDATE. AFTER THAT, I PROMISE IT WILL BE OKAY. MY LORDS AND LADIES I AM HERE TO BRING NEWS OF OUR CITIES.

PROGRESS LET IT RING LAST NIGHT, THE BOND COMMITTEE MET ONCE MORE TO DISCUSS THE PROJECTS. WE SHALL SOON IMPLORE IN DECEMBER'S TIME TO COUNSEL. THEY WILL PRESENT A LIST OF WORTHY WORKS OUR CITY TO AUGMENT AYTEKIN, OUR HOUSING AND COMMUNITY DEVELOPMENT. LEAD HAS SERVED OUR CITY WITH DISTINCTION. INDEED FOR 14 YEARS, SHE HAS HELPED OUR CITY GROW, AND NOW SHE BIDS US FAREWELL TO NEW PASTURES GO OUR DOWNTOWN REDEVELOPMENT RFP PROCESS HAS NARROWED DOWN THE FIELD TO THREE CONTESTANTS NO LESS. ON NOVEMBER 28TH 2 COUNCIL , THEY WILL PRESENT THEIR VISIONS FOR OUR CITIES HEART WHERE WE ALL SHALL ASCENT. AND NOW MY FRIENDS, I MUST CONFESS.

THIS UPDATE WAS WRITTEN BY BARD PROFESS A MARVEL OF MODERN TECHNOLOGY HAS HELPED ME CRAFT THIS TALE WITH GREAT GLEE. SO LET US RAISE A GLASS OF COFFEE TO BARD AND ALL WHO WORKED TO MAKE OUR CITY STRONG AND STAND TALL FOR WITH THEIR HELP. OUR FUTURE IS BRIGHT AND MCKINNEY SHALL SHINE WITH ALL ITS MIGHT. THAT IS MY UPDATE FOR TODAY. I WISH I COULD CLAIM CREDIT. I WILL SAY WELL, SERIOUSNESS. I DID ATTEND A CONFERENCE LAST WEEK ON A I AND PARTICULARLY CHECK GPT AND BARRED AND THE WORLD OF INNOVATION ECONOMICS. GPT MEANS SOMETHING ELSE. I THINK IT'S CLEVER THAT CHAT GPT USERS, GPT. IN THE WORLD OF INNOVATION. ECONOMICS IT MEANS GENERAL PURPOSE TECHNOLOGY. AND MANY PEOPLE DO THINK THAT A I IS THE NEXT FRONTIER OF GENERAL PURPOSE TECHNOLOGIES. THESE ARE TECHNOLOGIES THAT SERVE AS A PLATFORM THAT MANY OTHER THINGS DERIVED FROM WHICH THEY DERIVED. IT'S AN EXCITING TIME, UM, BARRED, AND CHAD GPT AND OTHER AUGMENTED AI TECHNOLOGIES ARE GOING TO BE GREAT PRODUCTIVITY TOOLS. YOU KNOW, SOME IN THE IN THE ACADEMIC COMMUNITY THAT THERE'S SOME NERVOUSNESS, BUT THERE IS ALREADY WAYS AND STRATEGIES FOR THEM TO DEAL WITH POTENTIAL STUDENTS CHEATING AND USING IT FOR THE WRONG PURPOSES.

BUT IF YOU THINK ABOUT WORD PROCESSING TECHNOLOGY IN THE 19 EIGHTIES THAT WAS REVOLUTIONIZED THE OFFICE ADMINISTRATION ENVIRONMENT AND DEMOCRATIZED AND LOWERED. I SHOULD SAY LOWERED, BUT IT'S CERTAINLY SPREAD OUT TO ALL USERS. THE ABILITY TO PROCESS YOUR THOUGHTS WITHOUT HAVING TO GO THROUGH A THIRD PARTY OR SOMEBODY TO TYPE IT UP FOR YOU, AND IT MADE US MORE PRODUCTIVE. SO IMAGINE WHAT THE ABILITY TO DO. QUICK CALL QUADRANT ONE WORD. SORT OF NEAR TERM WORK THAT IT'S EITHER HIGH IMPACT OR LOW IMPACT, BUT IT'S DEFINITELY SHORT TERM WORK YOU CAN USE AUGMENTED AI FOR HELPING US WITH THAT PRODUCTIVITY, SO WE FREE UP OUR TIME TO DO QUADRANT TOUR, WHICH IS STRATEGIC WORK AND VISIONARY WORK AND VALUE ADDED WORK CONNECTIONS WITH OUR RESIDENTS AND OUR CUSTOMERS, SO WE'RE EXCITED ABOUT IT WHERE IT'S GONNA BE A LOT MORE TO

[00:20:03]

YOU HAVE A QUESTION. I'M SORRY, UM, DAMPENING THE MOOD HERE, BUT, UM A LOT OF PEOPLE IN MY COMMUNITY INSTRUMENT BRANCH HAVE BEEN WONDERING ABOUT A T AND T FIBER LIKE RIPPING UP THE NEIGHBORHOOD. BASICALLY ON PEOPLE'S LAWNS, YOU KNOW, ON THEIR SIDE LAWN AREA EASEMENTS RIGHT. THERE'S PROBABLY CONCERNS ABOUT NOT BEING NOTIFIED. AND WHAT IS THIS ALL ABOUT? AND WHY IS MY FRONT LAWN BEING RIPPED UP? WHAT RIGHTS AS THE CITY HAVE TO DO THAT AND SO FORTH, CAN YOU CAN YOU ADDRESS ANY OF THAT? I CAN. IT'S NOT THE CITY DOING IT. IT'S A T AND T, WHICH THEY HAVE THE RIGHTS TO DO IT UNDER UTILITY EASEMENTS THAT JUST TYPICALLY ARE EITHER RUN TO THE FRONT OR THE BACK OR BOTH. VARIOUS RESIDENTIAL PROPERTIES. SO WHY A T AND T IS DOING AND MY GUESS IS THEY'RE TRYING TO RESPOND TO THE MARKETPLACE. YOU KNOW, OUR CITY COUNCIL HAS ASKED US. THEY'VE AUTHORIZED US TO ENTER LICENSE AGREEMENT WITH A COMPANY, UM, TO ACTUALLY BUILD FIBER THROUGHOUT THE COMMUNITY AND MY SENSES AND FOR US THE STRATEGIC OBJECTIVE OF THE CITY COUNCIL. IS TO GET FIBER TO THE COMMUNITY AND BRING MORE COMPETITION TO THE DELIVERY OF SERVICES THROUGH THE EXPANSION OF FIBER. MY SENSE IS THAT AT AND T S TRYING TO RESPOND TO POTENTIAL COMPETITION AND THEY'RE THEY'RE MOVING FAST TO GET FIBER TO THE CURB 85 OF THE CURB. IF THERE ARE ISSUES OF RESIDENTS NOT GETTING THEY HAVE TO COME IN. WHAT THEY TYPICALLY DO IS THEY'LL COME IN. THEY'LL HIRE CONTRACTORS SUBCONTRACTORS TO COME IN. RUN THE FIBER. I SAW IT ON COTTON RIDGE. THE OTHER DAY, I WAS OUT RUNNING AND THERE THEY WERE WORKING. AND THEY'RE PULLING FIBER THROUGH. THEY TYPICALLY DIRECTIONALLY BORE SO THEY'LL THEY'LL DO A HANDHOLD OR DIG A HOLE IN ONE SEGMENT, AND THEN ON THE OTHER SEGMENT, WHERE IT COMES OUT, AND THEN THEY RUN UP THE BOARD THROUGH AND SO THAT ACTUALLY MINIMIZES DISRUPTION, BUT THEY HAVE TO RESTORE, AND, UM THEY WILL TYPICALLY HIRE A SUBCONTRACTOR TO COME IN AND RESTORE LATER. THEY THEY HAVE TO GIVE A LITTLE BIT OF TIME TO SETTLE, AND IT'S NOT ALWAYS THE GREAT TIMING. RESIDENTS WOULD LIKE IT TO BE RESTORED IMMEDIATELY, AND IT DOESN'T ALWAYS HAPPEN THAT WAY. BUT IT'S A SHORT TERM DISRUPTION. BUT LONG TERM WE WANT THE FIBER. WE WANT THE SERVICE IN THE COMMUNITY, WHETHER IT'S A T AND T OR WHETHER IT'S GOING TO BE SCI FI NETWORKS WHO HAVE ENTERED INTO DISCUSSIONS ABOUT A LICENSE AGREEMENT, UM, WHERE THEY WOULD BUILD IT, BUT WE WANT BROADBAND AND IN MCKINNEY AND THESE ARE SHORT TERM DISRUPTIONS FOR LONG TERM GAIN. THANK YOU. OKAY IF THERE'S ANY MORE SPECIFIC CASES FEEL FREEDOM, LET ME KNOW OFFLINE. OKAY OKAY. THANK YOU VERY MUCH. WE HAVE VISIT MCKINNEY. YOU READY? WHICH ONE ARE YOU DOING? LET'S GO. I DON'T WANT TO FOLLOW THAT. YEAH YEAH, DO NOT. THAT WAS A VINTAGE AMY ROSEN STYLE ROSENTHAL STYLE PRESENTATION THERE, SO YEAH. YEAH, THAT WAS GREAT. AARON WARNER, EXECUTIVE DIRECTOR OF VISIT MCKINNEY. IT'S ALWAYS A PLEASURE TO BE HERE WITH YOU THIS MORNING. CONGRATULATIONS ON THE NEW OFFICER SLEIGH IN A NEW ROUND OF BOARD WORK HERE. TODAY'S A BUSY DAY FOR OUR STAFF AT THINK I MENTIONED LAST MONTH AT THIS UPDATE THAT WE HAD THE TEXAS TRAVEL COUNSELORS COMING INTO TOWN. SO TODAY THEY ROLL IN IN A CHARTERED BUS, AND THEY'RE GOING TO SPEND ABOUT A HALF A DAY WITH US HERE IN MCKINNEY. THEY'RE DOING A SELECT TOUR. MCKINNEY TIRESOME TEXAS DESTINATIONS TO MAKE SURE THAT WHEN PEOPLE WALK INTO THESE TRAVEL CENTERS OR WHEN THEY'RE WRITING ARTICLES FOR TEXAS HIGHWAYS AND ALL THE DIFFERENT THINGS THEY DO THROUGH THAT OFFICE, AND THAT THEY KNOW ALL THE NEWEST AND BEST THINGS THAT ARE HAPPY. OPENING SO WE GET THEM FOR LUNCH, WHICH IS A SPECIAL THING, SO WE GIVE THEM A LITTLE LONGER WILL TREAT HIM TO LUNCH. AND THEY'RE GOING TO DO A TOUR OF THE TYPES OF FACILITY AND I WISH IT WASN'T RAINY AND WET OUTSIDE, BUT WE'LL GIVE THEM THE BEST TOUR. WE CAN SHOW THEM AROUND SOME OTHER SPOTS IN THE DESTINATION. SO EXCITED FOR THAT. I ALSO CAN'T BELIEVE THAT IT IS BASICALLY NOVEMBER ALREADY , WHICH MEANS THAT THE D TWO FOOTBALL GAME IS RIGHT AROUND THE CORNER. AND SO WE ARE WORKING ON THAT WITH OUR COMMITTEE OF PARTNER WITH MY SD AND GETTING ALL OF THE LOGISTICS PLAN FOR THAT KIND OF WATCHING THE RANKINGS ON D TWO TO SEE WHO'S GONNA END UP IN MCKINNEY,

[00:25:01]

SO TIMING IS PERFECT FOR ME TO TAKE ALL THIS IN MY FAVORITE PART ABOUT THE JOB SO FAR HAS BEEN MEETING PEOPLE. I'VE HAD SO MANY GREAT INTERACTIONS WITH BUSINESS LEADERS, ESTATE AGENTS, THE TEAM AND EVEN BEYOND THAT. MCKINNEY IS PRIMED FOR GREAT STUFF. WE ARE OUR TIME TO SHINE AND THE MORE I COULD ENGAGE WITH THE ECONOMIC DEVELOPMENT COMMUNITY. THE MORON CONFIRMS. THAT THIS WAS THE RIGHT SPOT FOR ME AT THE RIGHT TIME. SO THANKS FOR YOUR SUPPORT WITH THAT, AND I'LL LEAVE YOU WITH THE BEST PART OF MY JOB IS I AM ONLY 10 FT. FROM CINDY AND I SAY THAT BECAUSE THAT SYNERGY AND COORDINATION AND IMPROMPTU CONVERSATIONS WILL YIELD GREAT STUFF, SO THANK YOU AGAIN FOR YOUR SUPPORT. I'LL STAND FOR ANY QUESTIONS. THANK YOU. THE MAIN STREET. OKAY, YOU PRESENTED TODAY. GOT SOME KIND OF SHAKESPEAREAN SOMETHING? NO NOT TODAY. I'M BATTLING SINUSES. SO I HAVE A LITTLE TONI BRAXTON VOICE. UM GOOD MORNING. I'M STAYING IN FOR ANDREW JONES, WHO'S AWAY ON BUSINESS. HE GAVE ME SOME UPDATES TO SHARE SO FROM OCTOBER 26TH THROUGH THE 29TH LONE STAR CIRCUS WILL BE HERE ON KENTUCKY PROPER. CARAY BASICALLY MEANS THE CIRCUS ON THE SQUARE IN FRENCH BOUTIQUE CIRCUS ON TOOK KENTUCKY PARKER PROPER. EXCUSE ME, AND TICKETS ARE SALES RIGHT NOW. JOHN FLEMING MURAL PARTNERSHIP WITH MAIN STREET AND HARVEST HAS FINISHED ON THE NORTH WALL OF THE HARVEST AT THE MESSIANIC, SO

[00:30:05]

OKAY SO WE HAVE ABOUT FOUR WINERIES, AND THEY DECIDED TO GET TOGETHER AND DO A ONE AND CHEESE WALK. NOVEMBER 15TH IS THE DOWNTOWN CHRISTMAS TREE ARRIVES. IT'S HARD TO BELIEVE WE'RE ONLY WEEKS AWAY FROM THAT. BUT IT WILL BE HERE AND THEN, OF COURSE, NOVEMBER 24TH THROUGH THE 26 IS HOME FOR THE HOLIDAYS AND MCKINNEY CHRISTMAS. THAT'S ALL I GOT. JAKE I IS THERE A DATE FOR THE TREE LIGHTING CEREMONY. IT'LL BE FRIDAY, NOVEMBER THE 24TH NOVEMBER 24TH 1 DAY. OKAY JOHN DOING THE FUNDRAISING TO SUPPORT THE TREE? THEY DON'T BELIEVE IT'S KICKED OFF YET, WHICH IS WHY IT'S NOT MY NOSE, BUT WE TYPICALLY DO A FUNDRAISER. IT'S A COMMUNITY FUNDRAISER. SO ORNAMENTS AND I IMAGINE IT'LL LAND ON SOMEONE'S DESK SOON. YES TO ANSWER YOUR QUESTION, OKAY? THANK YOU. HOPE YOU GET THE FEELING BETTER. THANK YOU. WE HAD RYAN PARKS AND RICK. GOOD MORNING, RYAN MULLINS PARKS AND RECREATION FIRST I'D LIKE TO SAY THAT'S WHERE THAT GUY WENT WONDERING. JUST DISAPPEARED ONE DAY IN OUR OFFICE, SO IT'S GOOD TO SEE YOU HERE, MIKE LIKE TO START OFF AND SAY THAT WE ALREADY HAD OUR FIRST MEETING OF THE NEW TERM OF MEMBER FOR THE PARKS AND RECREATION OPEN SPACE ADVISORY BOARD. WE HAVE A NEW CHAIR, MR BRUCE MEAD WAS ELECTED CHAIR. MISS WINDY GALLAGHER WAS ELECTED VICE CHAIR, SO WE'RE HAPPY TO GET STARTED WITH THEM AND LOOK FORWARD TO WORKING GREATLY WITH THEM ON NEW PROJECTS. WE JUST KICKED OFF DESIGN FOR THE IMPROVEMENT OF THE OLD SETTLER'S PARK AND OUR RUSH OFF THE ROAD CONNECTOR CONNECTING PHASE ONE AND PHASE TWO. IT'S A LONG TIME COMING FOR THAT. WE'RE STILL IN THE DESIGN PROCESS FOR THE TOWN LAKE LIGHT WALKING DOG PARK. WE SHOULD BE GOING OUT TO BID SOON FOR THE GREENS PARK AND THE GREEN TRAILS THAT THAT WILL BE, UH, THERE ON THE GREENS OF MCKINNEY PROPERTY SOUTH OF EL DORADO PARKWAY. CONSTRUCTION ON THE RANDALLS PARK IMPROVEMENT SHOULD BE STARTING SOON. THE MCKINNEY SOCCER COMPLEX AT CRAIG RANCH, WE HAD THIS SYNTHETIC TURF DOWN ON ALL THE FIELDS STILL WRAPPING THAT UP. THEY'RE ALSO STARTING THE DEMOLITION OF THE NORTH ENTRANCE AND GOING TO START THAT NEW PROCESS OF THAT CONSTRUCTION OF THAT NEW ENTRANCE. THE REC CENTER TOWN LAKE HAS BEEN CLOSED. THE ACTUAL REMODEL OF IT SHOULD BE STARTING SOON. WE CLOSED ABOUT A MONTH AGO, SO STAFF COULD CLEAR EVERYTHING OUT FOR THE LAST ALMOST 30 YEARS OF STUFF THAT'S BEEN GATHERING INSIDE OF THAT BUILDING, GETTING READY FOR REMODEL. AND I'M HAPPY TO ANNOUNCE YOU HEARD IT HERE. FIRST ROBINSON RICH PARK WILL BE OPENING. SOON. IT'S IN THE FINAL INSPECTIONS. FANTASTIC IT HAS. AND IF YOU'VE BEEN BACK BY THERE, I WAS BY THERE ONE NIGHT BECAUSE I LIVE JUST IN THE NEIGHBORHOOD NEXT DOOR AND SAW THAT THE SIGN LIT UP. IT IS BEAUTIFUL, BEAUTIFUL. TRY TO TAKE A PICTURE OF IT. BUT THERE'S A THERE'S A LIGHT BEHIND IT. THERE WAS JUST COULDN'T GET. I COULDN'T GET A GOOD PICTURE AT THAT FANTASY RIGHT THERE TOO. SO YEAH, I'M GONNA HAVE TO MAYBE HOLD UP, HOP THE FENCE GET IN THERE, AND I'LL TAKE A GOOD PICTURE OF THAT. BUT IT IS AMAZING. AND I WAS I WAS AMAZED AT THAT PARK. CONSTRUCTION. THE COMPANY THAT DID THAT I'VE NEVER SEEN SUCH A CLEAN SITE BEFORE. I MEAN, WHO STACKS THE REBAR SO NICELY ON THE SIDE, BUT THEY DID A TREMENDOUS JOB AND WE'RE HAPPY TO WORK WITH THEM. THIS PAST WEEKEND, WE HAD OUR ANNUAL TRICK OR TREAT TRAIL EVENT. I WANT TO ESTIMATE PROBABLY AROUND 9000 PEOPLE WERE AT THE EVENT. IT WAS A TREMENDOUS SUCCESS. WE HAVE COMMUNITY PARTNERS THAT CAME OUT AND PROVIDED CANDY. WE HAD SOME CITY DEPARTMENTS DO SOME OF THE DECORATING FOR US OUR FINANCE DEPARTMENT, ONE WITH THEIR BEETLEJUICE THEMED DECORATIONS ABOUT SOME CARNIVAL RIDES, AND WE HAD A CONCERT BY X FACTOR THAT EVENING. I SAW A LOT OF BARBIE'S KINS WEDNESDAY. ADAMS SPIDER MAN'S ALWAYS POPULAR, BUT IT WAS A GREAT TIME. COUNCILMAN BELLA WAS THERE TO HELP. JUDGE THE COSTUME CONTEST AND HE BROUGHT HIS CAT WITH HIM. WHICH IS VERY INTERESTING. I HADN'T SEEN A CAT ON A LEASH. BUT AS A VERY WELL BEHAVED, HE CANNOT TELL ME. IT'S NOT A WELL BEHAVED CAT. BUT IT SEEMED TO BE A WELL BEHAVED CAT. WE WERE THERE BUT

[00:35:04]

[President’s Report]

ATTACHED TO YOUR AGENDA. THIS MONTH, THERE WAS. AT OUR STRATEGY SESSION BACK IN JULY, YOU RECEIVED INFORMATION ON CDC INVESTMENT IN OUR PRIORITY. UM INITIATIVES FOR THE PAST TWO YEARS. THAT'S NOT BEEN UPDATED THROUGH SEPTEMBER TO REFLECT ON BOARD ACTION SO THAT INFORMATION IS AVAILABLE TO YOU. THERE'S ALSO RECAP OF ALL OF THE GRANTS THAT WERE APPROVED. THE ONE THAT'S COMING UP FOR US SOON IS PROMOTIONAL AND COMMUNITY EVENT GRANTS. THE APPLICATION PERIOD WILL OPEN NOVEMBER 1. AND WE AWARDED JUST UNDER 200,000. AND GRANT FUNDING FOR THE MOST RECENT RECENTLY COMPLETED FISCAL YEAR. WE WERE ABLE TO CARRY OVER 38,000 FROM PREVIOUS YEARS UNDER STATE LAW WERE PERMITTED TO CARRY OVER PROMOTIONAL FUNDS WERE WE HAVE SUBMITTED THAT TO FINANCE AGAIN THIS YEAR, SO SHOULD HAVE A TOTAL OF ABOUT 240 TO WORK WITH IN THE CURRENT FISCAL YEAR. UM FINAL REPORTS ATTACHED TO THE AGENDA CREATED AND COLIN UH, THE COLLIN COUNTY HISTORY MUSEUM PROVIDED INFORMATION ON WHAT THEY HAVE FUNDED THEIR PROJECT THROUGH OUR GRAND FRIENDS. MCKINNEY REPERTORY THEATER PROVIDED A VERY DETAILED REPORT EXCELLENT REPORT THAT WENT PERFORMANCE BY PERFORMANCE AND SHOWED THE IMPACT OF CDC FUNDS ON THEIR, UM PERFORMANCES THROUGHOUT THE YEAR AND THEN MARCHING MUSIC IN MCKINNEY, THE DRUM CORPS INTERNATIONAL INITIATIVE ALSO PROVIDED A VERY DETAILED UM FINAL REPORT FOR YOUR REVIEW.

AARON MENTIONED THE TEXAS MONTHLY ADVERTISING AND THAT IT WAS LIMITED TO RETAIL. BUT WE WERE ABLE TO SNEAK IN THERE SO WE WILL BE INCLUDED AND WILL BE ABLE TO HAVE MESSAGING REGARDING HIM. CDCS IMPACT IN THE COMMUNITY, SO WE'RE GRATEFUL FOR THAT OPPORTUNITY. UM ON THE TOPS FRONT. THEY HAVE BEEN WORKING TO COMPLETE ALL OF THE REQUIREMENTS FOR THE TCO AND THE BREWERY BUILDING AND WERE SCHEDULED FOR FINAL WALKTHROUGH THIS MORNING. I DON'T KNOW IF THE WEATHER WILL IMPACT THAT, BUT STAY TUNED. THEY HAD JUST A COUPLE OF THINGS. THIS WEEK THAT NEEDED TO BE DONE TO GET FIRES SIGN OFF, SO FINGERS CROSSED THAT WILL BE IN PLACE BY NEXT WEEK. IT'S A GIVEN TODAY, BUT THAT'S THE WAY IT'S LOOKING. UM AND THEN ON THE GRANT APPLICATION FRONT, LINDA'S BEEN WORKING WITH THE AD HOC COMMITTEE THAT I WAS WORKING ON R AND PROVIDING INPUT ON OUR VARIOUS GRANT DOCUMENTS. THE PROMOTIONAL GRANT APPLICATION IS IN ITS FINAL STAGES OF UPDATE AND REVIEW AND WE POSTED TO THE WEBSITE, SO WE'RE MOVING INTO AN ONLINE ONLY FORMAT AND THE INITIATIVE WE BELIEVE WILL RESULT IN MORE UNIFORM INFORMATION PRESENTED IN A WAY THE BOARD CAN EVALUATE THE GRANT APPLICATIONS MORE EFFECTIVELY AND EFFICIENTLY. SO LOOK FOR THAT. LINDA, DO YOU HAVE ANYTHING YOU WANT TO ADD? MANY THANKS FOR YOUR SURE. SHE HAD

[00:40:09]

THEY WILL NO LONGER HAVE TO DECIDE WHETHER OR NOT THEY HAVE TO SUBMIT THAT FORM. IT WILL BE ON THERE FOR IT. SO THOSE ARE THE UPDATES. LOOK LIKE THEY'LL BE, UM THE ONLINE FORMAT SHOULD BE PUBLISHED BY TOMORROW. WE DO STILL HAVE A PHILIP FORMAT JUST IN CASE WE RUN INTO AN APPLICANT THAT NEEDS THAT, BUT WE ARE NOT GOING TO PROMOTE THAT. I THINK SO. ANYTHING ELSE FROM THE COMMITTEE OR ANY QUESTIONS? JUST JUST A HUGE THANK YOU TO YOU, LINDA AND CINDY FOR PROVIDING YOU KNOW, JUST SORT OF THE HISTORY OF HOW WE'VE DONE THIS AND THE GROUP WORKED REALLY HARD . UM, I THINK THE RESULTS WILL HELP THE PROCESS FOR ANYBODY WHO IS GOING TO BE APPLYING. BUT YOU BORE THE BRUNT OF BEING THE LIAISON FOR THE SOFTWARE AND GETTING ALL THIS DONE. SO, THANK YOU. I THINK, UM WE COULDN'T HAVE DONE IT WITHOUT ALL OF YOUR HELP. I APPRECIATE Y'ALL PUSHING THAT PROJECT ALONG BECAUSE IT IS SOMETHING THAT HAS NEEDED TO BE A PRIORITY, AND Y'ALL MADE IT ONE. SO THAT'S GOOD. JUST ECHO THE APPRECIATION. I THINK SINCE THIS WILL BE THE FIRST TIME WE'RE ROLLING IT OUT. MAYBE WE CAN DO LIKE AN INFORMAL POLL OF THE APPLICANTS TO JUST SAY, WERE THERE ANY TROUBLE SPOTS OR YOU KNOW HOW MUCH TIME DID IT TAKE YOU ON CERTAIN QUESTIONS JUST TO GET SOME FEEDBACK, I THINK MIGHT BE USEFUL BECAUSE WE MIGHT WANT TO TWEAK IT AGAIN. YOU KNOW FOR THE NEXT ROUND, BUT I THINK IT WAS REALLY COLLABORATIVE PROCESS. I APPRECIATE THE OPPORTUNITY TO WEIGH IN YEAH, I AGREE. AND NOW WITH THE NEW FORMAT TWEAKING, IT'S GONNA BE PRETTY EASY, SO THAT'S A GOOD THING. SO AGAIN, I JUST ECHO THE STATEMENTS THAT WERE SHARED.

THANK YOU FOR LISTENING TO US WHEN WE SAY THERE NEEDED TO BE OYSTERING LAND PROCESS THAT WE FELT LIKE THERE WERE QUESTIONS THAT WERE BEING ASKED THAT WEREN'T NECESSARILY RELEVANT TO WHAT THE NEED WAS. AND SO I THINK, HOPEFULLY ONCE IT ROLLS OUT WE CAN GET SOME FEEDBACK FROM THOSE APPLICANTS TO SEE IF ADDITIONAL ADJUSTMENTS OR CHANGES NEED TO BE MADE. BUT THANK YOU FOR PUSHING US IN YOUR PATIENTS BECAUSE YOU'LL BE LIKE ANGIE, ARE YOU GOING TO REVIEW THIS REVIEW? JUST SO THANK YOU FOR YOUR PATIENCE AND YOUR CONTINUED REMINDERS TO KEEP US ON TASK AND GETTING THIS DONE, SO THANK YOU AGAIN TO YOU AND CINDY. HUGE THANKS TO LINDA. SHE SHE REALLY IS THE ONE THAT DID THE WORK ON THIS AND YOU ALWAYS THINK WHAT'S GOING TO BE A SIMPLE TASK IS REALLY SIMPLE TEST, SO IT TURNED INTO A LITTLE MORE. COMPLEX PROCESS, BUT I THINK YOU'LL BE PLEASED WITH THE RESULTS AND HUGE THANKS TO LILIA, AND SHE'S THE WEBSITE GURU IN THE MARKETING DEPARTMENT . SHE'S THE ONE WHO IDENTIFIED THE SOFTWARE THAT WE'RE NOW USING AND WORKED TO GET THAT STARTED AND STUFF. SO YEAH. AWESOME. THANK YOU.

[00:45:06]

[REGULAR AGENDA ITEMS]

I TO BE A BARD. I AM LEAVING AND I WILL BE IN DENTON TO MY DOG. I WILL BE CLEAVING. THAT IS THAT IS WHAT MY BIG RETIREMENT PLAN IS, BUT I WILL BE AVAILABLE AND LOVE MCKINNEY AND PLAY. MAN ON STILL BEING HERE A LOT, BUT I'LL BE HERE UNTIL JANUARY. 2ND. SO IF YOU HAVE ANY QUESTIONS FEEL FREE TO REACH OUT. SO THESE ARE THE AFFORDABLE HOUSING PROGRAMS AND THE ORGANIZATIONS THAT PROVIDE THEM WITHIN THE CITY OF MCKINNEY. SO FOR THE CITY, WE HAVE TENANT BASED RENTAL ASSISTANCE AND THAT IS FUNDED THROUGH THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS, AND IT PROVIDES GRANT FUNDING FOR FOLKS WHO ARE FACING DIFFICULTIES, MAYBE AN ILLNESS LOSS OF THE JOB. AND THEY PAY 30% OF WHATEVER INCOME THEY HAVE . YOU DO HAVE TO BE WORKING OR HAVE SOME KIND OF INCOME COMING IN, AND WHATEVER THEIR RENT IS SO AND THAT'S FOR UP TO 24 MONTHS. WE ARE SEEING MORE AND MORE FOLKS THAT ARE ON FIXED INCOMES, SENIORS, PERSONS WITH DISABILITIES WHO ARE UTILIZING THIS PROGRAM, SO THEIR INCOME IS NEVER GOING TO INCREASE AND THEY ARE ALREADY IN TAX CREDIT HOUSING. MANY TIMES THEIR RENT IS $902,000, AND THEIR INCOME IS $1200. SO THE CITY COUNCIL DID APPROVE A PROGRAM THAT'S KIND OF A GAP PROGRAM. IT'S A PILOT FOR PERSONS WITH DISABILITIES AND SENIOR CITIZENS TO FOR FOLKS WHO HAVE BEEN ON THIS PROGRAM FOR 24 MONTHS WHO WERE NOT ABLE TO GET A HOUSING CHOICE VOUCHER OR SOME KIND OF ONGOING ASSISTANCE FOR THE CITY THROUGH THE FUNDING THAT WE GET THROUGH DEVELOPING AFFORDABLE HOUSING THROUGH OUR PUBLIC FACILITY CORPORATION TO PROVIDE THAT GAP FUNDING FOR RESIDENTS BECAUSE WE HAVE IDENTIFIED THAT OUR SENIORS AND PERSONS WITH DISABILITIES ARE AT HIGHEST RISK. HIGHEST RISK OF BECOMING HOMELESS. WE ALSO HAVE OUR HOUSING REHABILITATION PROGRAM AND THAT IS FUNDED THROUGH OUR COMMUNITY DEVELOPMENT BLOCK GRANT. AND THAT IS ADMINISTERED BY CITY STAFF USING CONTRACTORS THAT HAVE BEEN PREQUALIFIED AND IT PROVIDES REHABILITATION OF EXISTING OWNER OCCUPIED SINGLE FAMILY HOMES FOR INCOME ELIGIBLE RESIDENTS. THAT'S RESIDENTS MAKING 80% OR BELOW OF AREA MEDIAN INCOME IN THE AREA. MEDIAN INCOME CHART IS ON THE BACK OF THE ABC OF THERE WAS PROVIDED TO YOU. IT IS NO COST TO RESIDENTS. WE DO DO A FORGIVE A BUBBLE LIEN ON THE HOME. I BELIEVE THAT IF IT'S MORE THAN $15,000, IT'S A FIVE YEAR LEAN AND IT'S FORGIVEN OVER. YOU KNOW , OVER THE COURSE OF THOSE FIVE YEARS, SO IF IT'S A $15,000 OVER FIVE YEARS, IT'S FORGIVEN AT $3000 A YEAR AND THAT IS SIMPLY TO MAKE SURE THAT WHEN FOLKS RECEIVE THIS ASSISTANCE THAT THEY STAY IN THERE COM. OR IF THEY DO SELL THE HOME THE EXTRA VALUE THAT THEY GOT FROM THE REHAB IS IT GOES BACK TO THE CITY AND BACK TO THE PROGRAM.

AND WE HAVE OUR PROPERTY MAINTENANCE PROGRAM, WHICH IS FUNDED THROUGH THE CDC, AND IT PROVIDES UP TO $20,000 TO PERFORM EXTERIOR WORK ON EXISTING OWNER OCCUPIED SINGLE FAMILY HOMES FOR INCOME ELIGIBLE RESIDENTS. SO THAT'S 60% AND BELOW BECAUSE THAT FITS WITH THE CDCS REQUIREMENT FOR INCOME, AND IT'S OFTEN PARTNER TOGETHER WITH OUR HOUSING REHABILITATION PROGRAM. SO OFTEN YOU KNOW, CODE ENFORCEMENT WILL COME TO US AND SAY WE'VE FOUND THIS HOME THAT

[00:50:03]

INSIDE THE HOME, AND SO WE'LL USE OUR CDBG FUNDING TO TAKE CARE OF THAT, SO IT'S BEEN A WONDERFUL PARTNERSHIP. IT'S GOOD QUESTION ON THE TENANT BASED SURE HAVE MISHEARD. YOU SAID THAT TO RECEIVE THIS FUNDING YOU HAVE TO BE. YOU HAVE TO WORK OR HAVE INCOME BECAUSE THEN I TALKED ABOUT DISABLED AND SENIORS, RIGHT? RIGHT SO, YES, YOU DO HAVE TO HAVE INCOME FOR THE FOR THE FOR THE TENANT BASED RENTAL ASSISTANCE PROGRAM IS SENIORS. USUALLY THEIR INCOME IS RETIREMENT, SOCIAL SECURITY PERSONS WITH DISABILITY. IT'S S S I INCOME OR IF FOLKS HAVE A JOB THEN AND WE DO HAVE PEOPLE THAT HAVE BEEN ON THE PROGRAM. WE RE INCOME QUALIFY EVERY YEAR.

AND SO THIS YEAR WE HAD SOME SOME HOUSEHOLDS THAT ALL THE ASSISTANCE THEY'RE RECEIVING IS $24 A MONTH AND IT'S LIKE CONGRATULATIONS. THIS IS WHAT THE PROGRAM IS FOR ITS TO GIVE PEOPLE BREATHING TIME TO GET THEIR INCOME BACK UP FROM WHATEVER IT IS THAT THAT HAS CAUSED HER INCOME TO FALL. SO LOW INCOME HOUSING TAX CREDIT. WE HAVE 9% AND 4% AND YOU'LL HEAR THEM CALLED LIGHT TECH. THE MAJORITY OF AFFORDABLE HOUSING THAT HAS BEEN DEVELOPED WITHIN THE CITY OF MCKINNEY IS THROUGH THE LIGHT TECH PROGRAM, AND IT'S NOT SOMETHING THAT THE CITY HAS DIRECT CONTROL OVER. DEVELOPERS APPROACH US THROUGH THIS PROGRAM. AND THE CORRECT TAX CREDITS ARE AWARDED TO ELIGIBLE PARTICIPANTS TO ASSET A PORTION OF THEIR FEDERAL TAX LIABILITY.

THERE ARE TWO TYPES. THERE'S A 9% TAX CREDIT PROGRAM THAT PROVIDES MORE EQUITY TO THE PROJECT. THEY ARE COMPETITIVE. USUALLY IF WE WERE IN A POSITION WHERE A DEVELOPER WOULD BE SCORING, GETTING A HIGH SCORE TO DEVELOP IN MCKINNEY, WE WOULD HAVE BEEN APPROACHED BY NOW.

THIS IS GENERALLY THE TIME OF YEAR EVERY YEAR, THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS COMES OUT WITH A QUALIFIED ACTION PLAN. A Q A. P, AND IT SORT OF HAS THE CRITERIA FOR WHAT DEVELOPMENTS. THEY'RE GOING TO AWARD WHAT THEY WANT TO SEE HOW CLOSE TO SHOPPING CENTER HOW CLOSE TO A SCHOOL THAT SORT OF THING. AND SO THERE ARE VERY SPECIFIC. UM AREAS THAT WILL QUALIFY OR SCORE WELL FOR THOSE TAX CREDITS, AND WE REALLY HAVEN'T SEEN THAT SO WE PROBABLY WON'T SEE THOSE THIS YEAR. THE 4% TAX CREDITS ARE NON COMPETITIVE. WELL NOW THERE'S SUCH A DEMAND THAT THEY REALLY ARE COMPETITIVE. SO NOT EVERY DEVELOPER THAT WANTS THESE GETS THESE BUT THEY MAY BE APPLIED FOR IT ANYTIME DURING THE YEAR, BUT THEY MUST APPLY FOR AND RECEIVE AN ALLOCATION FROM THE STAY FOR A TAX EXEMPT MULTI FAMILY HOUSING BOND PROGRAM. AND SO LLOYD OWENS AND COCKEREL. YOU'RE FAMILIAR WITH THAT THIS IS THE THAT DEVELOPMENT IS RECEIVING 4% LIE TECH AND IS GOING THROUGH THE BOND ALLOCATION. THEY JUST RECEIVED THEIR BOND ALLOCATION. THEY HAVE 180 DAYS TO CLOSE AND, UM WE ALSO FOR THE 4% TAX CREDITS.

THEY CAN PARTNER WITH THE MCKINNEY HOUSING FINANCE CORPORATION AND RECEIVE TAX EXEMPTION ON THE PROJECT. THE THROUGH FOR THAT TAX EXEMPTION. WE GET SOME MORE AFFORDABLE UNITS. THE HOUSING FINANCE CORPORATION RECEIVES DEVELOPER FEE RECEIVED SOME OTHER FEES THAT GO ALONG WITH THAT AND GETS PART OF THE CASH FLOW THAT COMES OFF OF THAT, AND THEN WE USE THAT MONEY TO FURTHER AFFORDABLE HOUSING. THE 9% REQUIRE A RESOLUTION OF SUPPORT FROM CITY COUNCIL AND THE 4% REQUIRE A RESOLUTION OF NO OBJECTION. FROM CITY COUNCIL. ANY QUESTIONS ON LATEX PROGRAM. QUESTIONS FOR OKAY? SO THE MCKINNEY HOUSING FINANCE CORPORATION, AND I KNOW IT'S A LITTLE CONFUSING WITH MCKINNEY HOUSING FINANCE CORPORATION, AND WE HAVE THE MCKINNEY HOUSING AUTHORITY. SO THE MCKINNEY HOUSING FINANCE CORPORATION IS A KIND OF A SUBSIDIARY CORPORATION VERY MUCH LIKE DCM E. D C OF THE CITY OF MAKENI. ONLY ITS CHARTER IS TO DEVELOP AFFORDABLE HOUSING. THE MCKINNEY HOUSING FINANCE. OUR MCKINNEY HOUSING AUTHORITY IS A SEPARATE ENTITY. ITS BOARD OF DIRECTORS IS APPOINTED BY CITY COUNCIL, BUT IT IS VERY MUCH A SEPARATE ENTITY, AND IT FUNCTIONS COMPLETELY SEPARATELY. THERE ARE SOME SOME OVERLAPS WHERE THE CITY WE DO THEIR ENVIRONMENTAL SOME THINGS LIKE THAT. WE SAY THAT WE'RE AWARE OF

[00:55:01]

AND THE CORPORATION USES THE PROCEEDS FROM THE BOND ISSUANCE AND CO DEVELOPMENTS TO FUND OTHER AFFORDABLE HOUSING PROJECTS. SOME OF THE THINGS THAT THEY FUNDED PURCHASING LAND FOR INFILL HOUSING REHAB ON OWNER OCCUPIED SINGLE FAMILY HOMES THAT FOR WHATEVER REASON, WAS INELIGIBLE FOR CDBG FUNDING. AND THEY CAN GO UP TO 100 AND 20% OF AM I SO THAT'S A DIFFERENCE FROM SOME OTHER PROGRAMS THAT WE HAVE. SO THE MCKINNEY HOUSING AUTHORITY. ANY QUESTIONS ON HOUSING FINANCE CORPORATION. I'M SORRY. WHAT'S THE, UM MCKINNEY HOUSING FINANCE CORPORATION'S ROLE WITH PALLADIUM. SO ON THE PALLADIUM DEAL, WE PARTNERED WITH PALLADIUM AND ISSUED OR THE BONDS FOR THAT AS WELL. YEAH. UM SO. FOR THE MCKINNEY HOUSING AUTHORITIES. SO IT WAS IT WAS A CO DEVELOPMENT, RIGHT? YEAH UM, FOR MCKINNEY HOUSING AUTHORITY.

MHM HAS 204 PUBLIC HOUSING UNITS. THAT'S IT. AND THE RENTS ARE STABILIZED. BASED ON THE RESIDENT'S INCOME, ALL OF THE ADDITIONAL UNITS THAT THE MCKINNEY HOUSING AUTHORITY HAS GOTTEN SINCE THE REDEVELOPMENT OF NEWS. SOME HOMES HAVE COME THROUGH THE RENTAL ASSISTANCE DEMONSTRATION PROGRAM, SO BASICALLY HEARD HAS QUIT GIVING FUNDING TO PUBLIC HOUSING AUTHORITIES. AND HAS GIVEN THEM THE ABILITY TO DO PUBLIC PRIVATE PARTNERSHIPS. NOW THAT'S REALLY GREAT BECAUSE PEOPLE COME IN WITH LIFE TECH, THERE'S A HUGE CASH INFUSION INTO THE PROJECT.

YOU'RE ABLE TO DO REHAB, YOU'RE ABLE TO ADD ADDITIONAL UNITS. THE CATCH IS THAT THOSE ADDITIONAL UNITS ARE NO LONGER PUBLIC HOUSING UNITS, THEY ARE TIED TO FAIR MARKET RENTS. SO YES, YOU HAVE MORE AFFORDABLE HOUSING, BUT IT'S FOR FOLKS WHO ARE AT 60% OR BELOW AND MY AND IT IS SUCH TO THE FAIR MARKET RENTS. SO IT'S NOT BASED ON THE RENT OF THE INDIVIDUAL IN THE UNIT ANY LONGER. SO IT THE MH A UNITS THE FOLKS THAT ARE IN THOSE UNITS. THOSE ARE AFFORDABLE TO WHATEVER THEIR THEIR INCOME IS. AFTER THE RAD REDEVELOPMENT OF LLOYD OWENS AND COCKEREL. ALL MHM PROPERTIES WILL BE PUBLIC PRIVATE PARTNERSHIPS. SO THEY'LL BE PRIDE. THEY'LL ALL BE PRIVATELY MANAGED. THE MCKINNEY HOUSING AUTHORITY IS ALSO RESPONSIBLE FOR THE ADMINISTRATION OF 424 HOUSING CHOICE VOUCHERS. SO WHEN WE TALK ABOUT PEOPLE GETTING ON PERMANENT SUBSIDY FOR HOUSING 424. THAT IS THE EXTENT OF OUR DEEPLY AFFORDABLE HOUSING IN THE CITY OF MCKINNEY. 424 HOUSING CHOICE VOUCHERS WHERE PEOPLE ONLY PAY 30% OF THEIR INCOME.

AND 204 PUBLIC HOUSING UNITS. THE MCKINNEY HOUSING AUTHORITY JUST OPENED THEIR WAITING LIST.

AND THEY WERE TAKING 500 PEOPLE. THE LIST WAS FULL IN 20 MINUTES. SO THAT KIND OF HELPS PUT PUT IT IN PERSPECTIVE. I HAVE A QUESTION BEFORE YOUR COCKREL PROPERTY. WHERE IS THAT ONE LOCATED? LLOYD OWNS AND COCKEREL ROLE IS THAT'S NORTH. IT'S LIKE THROCKMORTON AND ARE DO I HAVE THOSE REVERSED? I THINK COCKEREL IS THE ONE. THAT'S THAT'S NORTH. IT'S UP BY THROCKMORTON. OF THE REMNANT. OKAY RIGHT, RIGHT. THE REMNANT GREENWOOD, ONE AND TWO, AND THEN A CURIOUS QUESTION.

YOUR THE HOUSING CHOICE VOUCHERS THAT ARE USED FOR THE HOUSING AUTHORITY. WHO DOES THE INSPECTIONS FOR THAT? THE HOUSING AUTHORITY. ARE THEY CONTRACTED, OR I DON'T KNOW THAT I DON'T KNOW THE ANSWER TO THAT. I SUSPECT IT'S PROBABLY A STAFF PERSON. THAT DOES THOSE, BUT THEY MAY CONTRACT FOR THE INSPECTIONS. I MEAN, YOU SAID THAT THEY'RE WAITING THIS COLD UP IN 20 MINUTES. YES A SECOND LIST, OR YOU EVER DONE A SECOND? IT'S JUST SO MCKINNEY KNOWS ON EXACTLY HOW MANY PEOPLE ARE NEEDING ASSISTANCE. UM NO. THE HOUSING AUTHORITY WILL OPEN THE WAITING LIST OCCASIONALLY, AND THEY TAKE PROBABLY 500 PEOPLE, AND THEY SAT DIFFERENT CRITERIA.

[01:00:07]

AND THE COMMUNITY LAND TRUST. YOU'VE PROBABLY HEARD A LOT ABOUT THE COMMUNITY LAND TRUST LATELY, AND COUNCIL APPROVED THE APPLICATION PROCESS FOR THE FORMATION AND WE WERE KIND OF WAITING FOR NONPROFITS TO JUMP IN AND SAY, HEY, WE WANT TO BE THE COMMUNITY LAND TRUST FOR THE CITY OF MCKINNEY, AND THAT DIDN'T REALLY HAPPEN. SO IN COUNCIL ALSO ALLOCATED A MILLION DOLLARS IN SEED MONEY TO PURCHASE PROPERTIES OR BRING EXISTING PROPERTIES INTO THE COMMUNITY LAND TRUST, SO WE WENT BACK TO CITY COUNCIL ON OCTOBER 3RD AND SAID, HEY, WOULD IT BE OKAY IF THE HOUSING FINANCE CORPORATION SERVED AS THE COMMUNITY LAND TRUST THAT DOESN'T PRECLUDE OTHER NONPROFITS FROM COMING IN AND APPLYING TO BE A COMMUNITY LAND TRUST IN THE CITY OF MAKENI? BUT IT WILL GET US MOVING FASTER BECAUSE WE REALLY WANT TO GET THIS THIS PROGRAM GOING, SO WE'RE WORKING WITH LENDERS TO CLEAR ALL THE PAPERWORK. MAKE SURE THAT THEY CAN DO LEASEHOLD MORTGAGES. KIND OF APPROVE ALL OF THE PAPERWORK AND MAKE SURE THAT THEY DON'T HAVE ANY ISSUES WITH WITH HOW WE'RE MOVING FORWARD WITH THAT, AND SO YOU'LL BE SEEING MORE ABOUT THE COMMUNITY LAND TRUST, AND HOPEFULLY WE CAN GET SOME SOME PROPERTIES PURCHASED VERY QUICKLY IN THE NEXT YEAR. AND THIS MAY BE A CITY QUESTION ARE THEIR PROPERTIES PROBLEM JUST INLAND INTO THIS FAR AS INSIDE THE CITY THAT ARE THAT PEOPLE ARE WILLING TO SELL. AND THEN WHEN WE THINK ABOUT A MILLION DOLLARS AND WE KNOW THE COST OF LOTS AND STUFF, I'M READING HALF BARKING IT REALLY GO RIGHT ONE OF THE THINGS THAT WE'RE LOOKING AT, AND WE WILL HAVE AVAILABLE TO RESIDENTS, AND IT REALLY IS JUST BASED ON IF RESIDENTS WANT TO UTILIZE THE PROGRAM. IT'S VERY DIFFERENT, YOU KNOW, IT'S VERY DIFFERENT. SO BASICALLY THE HOUSING FINANCE CORPORATION OWNS THE LAND AND THE INDIVIDUAL THAT BUYS THE HOUSE OWNS THE HOME, BUT THEY AGREED TO AN APPRECIATION RATE OF MAYBE 1.5 OR 2% A YEAR, SO THEY HAVE A LOWER MORTGAGE PAYMENT GOING IN BECAUSE THE COST OF THE LAND WAS NOT INCLUDED IN THE PURCHASE OF THE HOME, AND BUT THEY CAN SELL THE HOME AFTER 10 YEARS THROUGH THAT APPRECIATION FORMULA. BUT THEY HAVE A LOWER MORTGAGE PAYMENTS SO THEY'RE ABLE TO SAVE MONEY AS WELL. YOU KNOW, WHILE THEY'RE WHILE THEY'RE LIVING IN THE HOME, AND THEY GET THE HOME THAT THEY WANT, AND THEY'RE ABLE TO AFFORD THE HOME, SO ONE OF THE THINGS THAT WE'RE LOOKING AT IS HAVING, UM INDIVIDUALS THAT SAY, HEY, I FOUND A HOUSE AND IT'S $450,000. BUT I CAN ONLY AFFORD $300,000 HOUSE IS HAVING THE HOUSING FINANCE CORPORATION GO IN AND PURCHASE THE LAND FOR $150,000. THE INDIVIDUAL TAKES OUT A MORTGAGE FOR $300,000, AND THEY HAVE A MORE AFFORDABLE HOME AND THEY AGREE TO THESE PRICE RESTRICTIONS. THE IDEA IS THAT THAT $150,000 STAYS WITH THE HOME. SO THE NEXT PERSON THAT BUYS THAT HOME HAS TO BE AN AFFORDABLE BUYER AS WELL. SO A LOT OF PROGRAMS THAT YOU SEE YOU PUT IN THE MONEY TO GET ONE. AFFORDABLE BUYER IN THERE. THE GREAT THING ABOUT THIS PROGRAM IS THAT HOUSE REMAINS AFFORDABLE. IT REMAINS IN THE COMMUNITY LAND TRUST. SO IT'S A MATTER OF THAT'S ONE OF THE PROGRAMS. WE'RE GOING TO BE OFFERING OUR FOLKS COMFORTABLE WITH THAT. IT'S A LITTLE BIT DIFFERENT. IT'S A LITTLE ODD. THEY HAVE TO SIGN OFF ON PAPERWORK, SAYING WE AGREED TO DO THIS. WE AGREE TO THIS FORMULA. WE HAVE TO TALK TO THE APPRAISAL DISTRICT, GET THEM TO AGREE TO THE VALUATION FORMULA. AND SO THERE ARE SOME STEPS TO GO THROUGH. BUT IT'S VERY EXCITING AND THEN FOR FOLKS WHO OWN THEIR HOME OUTRIGHT. WHO CAN'T AFFORD THE PROPERTY TAXES OR WHO WANT TO PASS THEIR HOME ALONG THE WAY THAT THIS USUALLY WORKS IS THAT INDIVIDUALS CAN PAST THEIR THEIR HOME ON TO THEIR CHILDREN, EVEN IF THEIR CHILDREN AREN'T INCOME QUALIFIED. SO IF SOMEONE HAS A HOME THEY WOULD RECEIVE $150,000 SAY FOR THEIR HOME. THEIR HOME WOULD GO INTO THE COMMUNITY LAND TRUST, AND IT WOULD BE INHERITABLE OR WHEN THEY PASSED OR DECIDED TO SELL THE HOME. IT WOULD BE, IT WOULD GO TO ANOTHER INCOME ELIGIBLE BUYER. AND WITH THE APPRAISAL DISTRICT, THEY WERE ONLY PAYING THE TAXES ON THE HOME ITSELF, NOT THE LAND. CORRECT CORRECT. CORRECT. AND THAT IS THE MCKINNEY HOUSING FINANCE CORPORATION KIND OF WENT OVER THAT, BUT WE'RE ABLE MCKINNEY HOUSING FINANCE

[01:05:05]

AND IT HAS TO AVERAGE OUT AT 80% SO THERE'S SOME TRUST ME NOT SELL MORE THAN 20% OF THE HOUSING UNITS TO FAMILIES, BUT YOU CAN GO UP TO 120% BUT YOU KNOW, THERE ARE SOME RESTRICTIONS ON THAT. SO THE NEWER HOMES WOULD PROBABLY BE AT 120% AM I SOME OF THE EXISTING HOMES? MAYBE AT THE LOWER? AM I SO THAT'S SOMETHING THAT WE WOULD KEEP AN EYE ON TO MAKE SURE THAT WE AVERAGED OUT AT THE 80% AM I AND YOU CAN SEE AT LEAST 25% OF THE UNITS WOULD BE SOLD TO FAMILIES EARNING 60% OR BELOW. AND WE USED THE GROUND LEASE MORTGAGE COST OF IMPROVEMENTS CAN ALSO BE RECAPTURED VIA FORMULA. THE NEW INCOME HOME BAR AGREES TO A 99 YEAR GROUND LEASE AND THE APPRECIATION FORMULA. AND AGAIN WE'RE WORKING WITH LOCAL LENDERS , UH, FOR A GROUND LEASE MORTGAGE TO MAKE SURE THAT THAT THAT WORKS FOR THEM. AND THEN LAST THE PUBLIC FACILITY CORPORATION. SO PUBLIC FACILITY CORPORATIONS CAN EITHER BE SPONSORED THROUGH THE MCKINNEY HOUSING AUTHORITY BY STATUTE OR BY THE CITY OF MAKENI. WE SAW A LOT OF PFCS. WE SAW A LOT OF PUBLIC FACILITY CORPORATIONS. YOU MAY HAVE HEARD PLANO IS KIND OF GOING THROUGH SOME ISSUES RIGHT NOW WITH THEIR HOUSING AUTHORITY AND PUBLIC FACILITY CORPORATIONS BECAUSE THE HOUSING AUTHORITY THEY'RE BASICALLY WENT IN AND WORKED WITH DEVELOPERS TO TAKE ABOUT 13 OR 14. DEVELOPMENTS APARTMENTS OFF OF THE TAX ROLLS AND RECEIVED, YOU KNOW DEVELOPER FEES FOR THAT THE LEGISLATURE CAME IN AND SAID, WAIT A MINUTE. THIS IS THIS IS HAPPENING TOO QUICKLY. THE SCHOOL DISTRICTS AREN'T HAVING BUY IN ON THIS. THE CITIES AREN'T HAVING BUY IN ON THIS, AND THEY MADE SOME CHANGES IN THE LAST LEGISLATIVE SESSION.

40% OF THE UNITS MUST BE SET ASIDE FOR RESIDENTS EARNING 80% OR LESS OF THE AREA. MEDIAN INCOME AND 10% MUST BE SET ASIDE FOR THOSE EARNING 60% OR LESS. ADDITIONALLY IF THEY PURCHASE EXISTING UNITS AND BRING THEM INTO A PUBLIC FACILITY CORPORATION 15% OF THE PURCHASE PRICE HAS TO GO INTO REHAB. THE UNITS SO THE NET RESULT OF THAT IS THAT IT MAKES IT LESS ATTRACTIVE FOR DEVELOPERS TO USE THIS TOOL, WHETHER IT'S THROUGH THE HOUSING MCKINNEY HOUSING AUTHORITY OR THROUGH THE CITY OF MCKINNEY, AND THE AFFORDABLE UNITS ARE PAID FOR BY THE PROPERTY TAX EXEMPTION, WHICH IS GRANTED THREE TO THE DEVELOPMENT THROUGH ITS PSC STATUS. AND THERE ARE STRICTER REPORTING REQUIREMENTS ON THIS NOW AS WELL . SO YOU'RE PROBABLY NOT SEE AS MANY OF THE PUBLIC FACILITY CORPORATIONS. ALSO CITY COUNCIL HAS MADE THE DETERMINATION THAT THE 80% OR BELOW AM I IS NOT REALLY WHERE THE NEED IS FOR MULTI FAMILY. BUT IT'S REALLY THE DEEPER, DEEPER SUBSIDIES THAT ARE NEEDED. UM WE WILL. YOU KNOW IF SOMEONE COMES TO US AND SAYS, HEY, WE WANT TO DO A PFC DEAL, AND WE WANT TO PROVIDE 30 TO 50% UNITS AS PART OF IT. I THINK THAT'S SOMETHING THAT WE WOULD WOULD BRING FORWARD. BUT YOU KNOW, AT THIS TIME, I DON'T THINK IT'S SOMETHING THAT REALLY WORKS FOR THE DEVELOPERS. AND THAT IS IT STAND FOR ANY QUESTIONS BEFORE THIS VERY, VERY DETAILED PRESENTATION. ARE THERE ANY QUESTIONS? JENNY THANK YOU SO MUCH FOR THE 424 VOUCHERS. MHM CAN YOU TELL ME A LITTLE BIT ABOUT THE COMPOSITION OF THE PEOPLE USING THOSE, ARE THEY PREDOMINANTLY INDIVIDUALS. HOW MANY YOUR FAMILY'S FAMILY COUNCIL? WHAT SIZE, RIGHT? I DON'T HAVE THAT INFORMATION, BUT I CAN REACH OUT TO ROSA MILLER WITH THE MCKINNEY HOUSING AUTHORITY AND PROVIDE THAT INFORMATION BECAUSE I KNOW SHE DOES HAVE IT. OKAY THANK EVERYONE CURIOUS AND THAT AND THEN YOU PROBABLY HAVEN'T SINCE I WAS GOING TO SAY WE CAN INVITE MISS MILLER TO PRESENT TO THE BOARD. THAT WOULD BE HELPFUL. I FEEL LIKE I'M GETTING THINGS THAT ARE VERY MACRO LEVEL, BUT REALLY, TO UNDERSTAND, UM, THE FABRIC OF WHO WE'RE TALKING ABOUT IN OUR COMMUNITY. IT WOULD BE VERY HELPFUL AND THEN I'M NOT

[01:10:05]

FOR AN INDIVIDUAL IT WOULD BEBE AROUND. 90,000 WE CAN 80,000 YEAH, THE 60 IT WOULD BE CLOSE TO 90,000 FOR AN INDIVIDUAL AND THEN THE HEAD. INCOME LIMITS ARE ON THE LAST PAGE. I JUST COULDN'T DO THE MATH. QUICKLY ENOUGH. I JUST WANTED TO BASE NUMBER. OKAY, SO FOR AN INDIVIDUAL. THANK YOU. THAT HELPS ME. ITS WEBSITE INDIVIDUALS. THAT'S FOR THAT'S FOR A FAMILY OF FOUR. YEAH. AND SHE HAS RIGHT? MCKINNEY WEBSITE MEDIANS ONE OF ONE OF MY SIX BUT ONE PERSON WAS 50. I THINK THAT FOR THE TIME HER IS THAT HER? AS LIMITS. RIGHT? AH! SORRY WELL, YEAH, AND I'M SO IT'S 50. SO THAT'S 80% 57 7 50. I THINK THAT WHAT YOU'RE LOOKING AT IS THE LIMITS FOR THE REHAB PROGRAM. YEAH. SO AT 100 100% OF AREA MEDIAN INCOME IT WOULD BE AROUND 90,001 PERSON FOR ONE PERSON CORRECT. AND FOR A FAMILY OF FOUR. IT'S ABOUT 106. AND THAT'S A 100. YEAH, I JUST 1996 REALLY HIGH FOR AN INDIVIDUAL LIKE HALF MAKE MORE THAN THAT HALF MAKE LESS THAN THAT. I DON'T KNOW THE NUMBER SEEMS HIGHER THAN I WOULD HAVE EXPECTED. YEAH. ANY ADDITIONAL QUESTIONS, WHICH IS THANK YOU VERY MUCH, VERY DETAILED. THANK YOU. MADAM CHAIR IF I COULD WEIGH IN ON THIS FOR A SECOND, THAT ON THIS PARTICULAR SUBJECT, BUT I JUST WANTED TO ACKNOWLEDGE JOURNEY BEYOND SHAKESPEAREAN ACKNOWLEDGEMENT, GINNY. YOU KNOW SHE WAS HERE BEFORE I GOT HERE. SO FOR SEVEN YEARS OVER SEVEN YEARS, I'VE BEEN WORKING WITH HER JOURNEY HAS TRANSFORMED THE HOUSING AND COMMUNITY DEVELOPMENT FUNCTION THEY CAN ANY. SHE'S BEEN HERE 14 YEARS. THIS IS COLLIN COUNTY IS NOT THE EASIEST PLACE TO DEVELOP AFFORDABLE HOUSING. FOR A VARIETY OF REASONS. IT'S VERY CONSERVATIVE PLACE, ALTHOUGH IT'S VERY COMPASSIONATE COMMUNITY, WE HAVE MORE AFFORDABLE HOUSING UNITS THAN ANY OF THEIR COLLIN COUNTY CITIES COMBINED. I THINK THAT SPEAKS WELL TO JENNY AND HER LEADERSHIP. EVERY SINGLE PROJECT IS RIDDLED WITH ITS CHALLENGES. IT'S AND SHE HAS TO FIND THE RIGHT FORMULA TO WORK. IN A COMMUNITY. IT'S A VERY COMPLEX ISSUE. LOTS OF DIFFERENT NUMBERS. TO WIT WE JUST TALKED ABOUT AND WE HAVE TO BE ABLE TO MAKE A CASE FOR EACH ONE OF THESE, AND HER LEADERSHIP HAS ALLOWED MCKINNEY TO BE A LEADER IN THIS FIELD. WE JUST HAD EVEN IF YOU SAW AN ARTICLE YESTERDAY TODAY BEFORE ARTICLE IN THE DALLAS MORNING NEWS, I BELIEVE ABOUT THE PROGRESS. MCKINNEY'S MADE UNAFFORDABLE HOUSING AND POLITICALLY WE KNOW IT'S ALWAYS A CHALLENGE. WE GET FEEDBACK FROM SOME ELECTED OFFICIALS. WE GET SOME FROM RESIDENTS. THEY SAY, WHY IS MCKINNEY DOING SO MUCH? WE GOTTA WORRY ABOUT OURSELVES. I CAN'T WORRY ABOUT THE OTHER COMMUNITIES. THAT'S THEIR ISSUE. WE HAVE TO TAKE CARE OF OUR COMMUNITY AND WE DON'T HAVE ENOUGH AFFORDABLE HOUSING UNITS. WE'RE GOING TO NEED MORE. THAT'S JUST OBJECTIVELY SPEAKING, I CAN TELL YOU THAT THE NUMBERS ARE THERE AND WE KNOW THE NUMBERS OF FOLKS WHO NEED HOMES. AND SO WE ALL WE CAN DO IS TAKE CARE OF OUR COMMUNITY AND DO WHAT WE CAN AND WE APPRECIATE THE LEADERSHIP OF OUR CITY COUNCIL AND UNDERSTANDING. RECOGNIZING THIS CHAMBER OF COMMERCE IS VERY OUTSPOKEN ABOUT THIS AND OUR BUSINESS COMMUNITY. BUT JOHNNY HAS BEEN AT THE TIP OF THE SPEAR, AND SHE DESERVES AN AWFUL LOT OF CREDIT SHOULD BE HARD TO REPLACE. THIS IS A REALLY, REALLY EASIER, VERY TIGHT. IT'S VERY DIFFICULT JOB IN A PLACE LIKE COLLIN COUNTY, SO I WANT TO APPLAUD HER AND PUBLICLY ACKNOWLEDGE HER. TO ECHO YOUR PRAISE. THANK YOU. OUR FRONT PORCH GROUP, WHICH HAS BEEN MEETING AS AN AFFORDABLE TASK FORCE AT THE INITIATIVE OF THE FOR WHAT? THE LAST SIX MONTHS. EIGHT MONTHS. UM WE OWE YOU SUCH A HUGE DEBT OF GRATITUDE FOR BRINGING YOUR EXPERTISE IN HELPING US TO UNDERSTAND THE COMPLEXITY OF ALL THE THINGS THAT ARE GOING ON KUDOS. ALSO TO OUR CITY LEADERSHIP AND IN PARTICULAR TO KIM FLAM, WHO HAS BROUGHT HER AMAZING FACILITATOR, KINDS OF EXPERTISE TO THE GROUP.

[01:15:05]

THANK YOU, JOHNNY. UH I HAD THE OPPORTUNITY TO MEET MANY, MANY, MANY YEARS AGO. UM OUTSIDE OF THE, YOU KNOW, CAPACITY HERE AND SO JUST THANK YOU FOR YOUR LEADERSHIP. THANK YOU FOR YOUR GUIDANCE THAT YOU HAVE BROUGHT TO THE CITY OF MCKINNEY IN THIS CAPACITY AND YOU WILL BE MISSED, BUT I KNOW UM, WHOEVER COMES IN BEHIND IT WILL BE JUST AS PHENOMENAL AS YOU ARE, BECAUSE I KNOW BILL YOU PROVIDE THEM WITH GREAT RESOURCES TO BE ABLE TO BUILD OFF UP, SO THANK YOU AGAIN AND ENJOY LEVERING TO YOUR DOG. SO ANY ADDITIONAL QUESTIONS. WE WILL NOW GO TO PUBLIC COMMENTS.

DO WE HAVE ANY PUBLIC COMMENTS REGARDING MATTERS NOT ON THE AGENDA. YOU HAVE A SMALL CROWD

[BOARD COMMENTS]

[EXECUTIVE SESSION]