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[CALL TO ORDER]
TODAY IS TUESDAY, JULY 23RD, THE YEAR 2024.WE'RE IN COUNCIL CHAMBERS AT 2 22 NORTH TENNESSEE STREET, THE CITY OF MCKINNEY, TEXAS.
IT'S THREE O'CLOCK IN THE AFTERNOON.
THIS IS OUR CITY COUNCIL WORK SESSION AND SPECIAL SESSION, UH, SPECIAL MEETING.
[PUBLIC COMMENTS ON AGENDA ITEMS]
OF BUSINESS IS PUBLIC COMMENTS ON AGENDA ITEMS. AND I HAVE, I HAVE ONE NON AGENDA AND ONE AGENDA, SO I'LL CALL THEM BOTH UP.UH, LAST TIME I SPOKE, I WAS TALKING ABOUT, UH, MY OPINION ON THE, UH, POSSIBLE INTENTIONS OF THE FOUNDERS REGARD REGARDING, UH, TERM LIMITS AND CONTINUOUS SERVICE IN A KIND OF A GENERAL WAY.
SO, UH, I HAD A PROCEDURE, UH, THAT REQUIRED ME TO BE NOT DOING ANYTHING FOR A COUPLE OF DAYS, SO I DID, I DUG A LITTLE DEEPER, AND I'M GONNA READ THIS.
UH, ALEXANDER HAMILTON MAY HAVE OPPOSED TERM LIMITS BECAUSE HE BELIEVED CONTINUOUS SERVICE ALLOWED FOR AN ACCUMULATION OF EXPERTISE NECESSARY FOR EFFICIENT GOVERNANCE, AND THAT THE EXISTING SYSTEM OF ELECTORS WAS A SUFFICIENT CHECK AGAINST CABALS OF LONG TERM RULE.
BEARING IN MIND, OF COURSE, THAT WE CAN LEGITIMATELY LABEL SOME OF THE FOUNDERS AS ELITIST, IN MY OPINION, ARGUING FOR A CHANGE IN THE CHARTER TO ALLOW FOR ADDITIONAL TERMS OF SERVICE AND PROVIDING FOR THE MUSICAL CHAIRS ASPECT OF THE SAME PEOPLE ROTATING THROUGH THE COUNCIL WILL REDUCE THE STABILITY OF OUR CITY REGULARLY ROTATING OUT THROUGH TERM LIMITS, THEY SAY WOULD WEAKEN THE OVERALL EFFICIENCY AND EFFECTIVENESS OF THE GOVERNMENT.
IN FEDERALIST 70, ALEXANDER HAMILTON DEFENDED HIS REASONING FOR A STRONG SEXUAL EXECUTIVE AUTHORITY.
THAT DOES NOT MEAN, HOWEVER, THAT THE SAME PEOPLE ARE ELECTED TO PERMANENT POSITIONS.
I BELIEVE THAT WE'RE TALKING ABOUT WHAT WE'RE TALKING ABOUT HERE IS VALUABLE EXPERTISE AND CONTINUITY, WHICH COMES FROM LENGTHY TERMS OF SERVICE, STOOD UP AGAINST INTELLIGENT AND STRONG AND FRESH PERSPECTIVES THAT HAVING TERM LIMITS MIGHT BRING.
IN MY OPINION, THE FLAW IN HAMILTON'S ARGUMENT IS THAT ONLY ONE SET OF ELECTED OFFICIALS WILL HAVE THE CAPABILITY OF ADJUDICATING THEIR DUTIES.
WE CAN ONLY HOPE THAT THE CITIZENS OF MCKINNEY WILL HAVE SUFFICIENT KNOWLEDGE TO MAKE WISE CHOICES IN WHO SERVES OUR CITY.
HOWEVER, THE CAVEAT IN THAT IS WE ALL KNOW THAT THE LONGER AN INCUMBENT SERVES, THE STRONGER THEIR BASE OF SUPPORT, HENCE AN ELECTORAL ADVANTAGE THAT IS OFTEN DIFFICULT TO OVERCOME BY NEWCOMERS WITH PERHAPS DIFFERENT PERSPECTIVES.
UM, CODY, UH, LAFA? YES, GOOD AFTERNOON.
MY NAME IS CODY LAFA, 1006 FINCH AVENUE, DISTRICT THREE, AND I AM HERE TODAY AS THE GENERAL MANAGER OF SAUL'S WRECKER SERVICE 8 32 EAST UNIVERSITY DISTRICT ONE, AND A REPRESENTATIVE OF MY MOTHER, SHERRY LAFOLLETTE, 4 0 6 RIDGEVIEW TRAIL DISTRICT THREE, AND SHE IS THE OWNER OF SAUL'S WRECKER SERVICE.
ON FRIDAY, JULY 12TH, I WAS CONTACTED BY THE MCKINNEY POLICE DEPARTMENT WHO INFORMED ME THAT THE CITY OF MCKINNEY WOULD BE OPENING UP THE CITY TOWING CONTRACT TO AN RFQ.
I WAS INFORMED THAT THE RFQ WOULD OPEN ON SUNDAY, JULY 14TH, GIVING US 20 DAYS TO NOT ONLY COMPILE THE EXTENSIVE INFORMATION REQUIRED FOR OUR FORMAL RFQ SUBMISSION, BUT ALSO TO PROCURE THE EQUIPMENT AND PERSONNEL REQUIRED TO FULFILL THE RFQ OBLIGATIONS.
SAUL'S REC RECORD SERVICE, AS IT STANDS NOW, DOES NOT COMPLY WITH THE REQUIREMENTS OF THE RFQ AND CANNOT SUBMIT A BID.
THE 20 DAYS ALLOTTED, QUITE FRANKLY, DOES NOT GIVE US SUFFICIENT TIME TO COMPLY WITH THE NEW REQUIREMENTS.
I'M COMING TO THE CITY COUNCIL TODAY, NOT TO STOP THE RFQ, BUT TO EXTEND THE TIME ALLOWED TO SUBMIT A BID.
SAUL'S RECORD SERVICE HAS BEEN A CONTRACT TOUR FOR THE CITY OF MCKINNEY SINCE THE MID SEVENTIES.
LENGTH OF SERVICE SHOULD NOT BE THE MAIN DETERMINING FACTOR WHEN MAKING DECISION ON WHETHER OR NOT TO EXTEND THE TIME ALLOWED FOR APPLICANTS TO ADHERE AND
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TO SUBMIT A BID FOR THIS CONTRACT.WHAT SHOULD BE CONSIDERED IS THOSE ALMOST 50 YEARS OF SERVICE IS THE PROFESSIONALISM AND QUALITY THAT WE HAVE PROVIDED TO BOTH THE CITY AND ITS RESIDENTS, AND THAT THE PROFESSIONALISM AND QUALITY OF THE SERVICE IS WHAT HAS ALLOWED US TO CONTINUE TO PROVIDE OUR SERVICES FOR ALMOST 50 YEARS.
WE ARE REQUIRED TO BE AVAILABLE TO THE CITY OF MCKINNEY IN 20 MINUTES OR LESS, AND WE HAVE DONE THAT.
OUR CONTRACT WITH THE CITY OF MCKINNEY IS ONE OF THE MAJOR INFLUENCES IN HOW WE OPERATE OUR BUSINESS.
ONE EXAMPLE OF THAT IS WE HAVE TURNED DOWN TOWING VEHICLES, UH, FROM PRIVATE PROPERTY AROUND THE SQUARE BECAUSE WE UNDERSTAND THAT THE SQUARE IS A MAJOR DRAW FOR BOTH THE CITIZENS OF MCKINNEY AND THE PEOPLE WHO CHOOSE TO VISIT OUR CITY.
WE UNDERSTAND THAT WE ARE NOT ONLY REPRESENTING OURSELVES WHEN WE PERFORM OUR DAY-TO-DAY OPERATIONS, BUT WE ARE ALSO REPRESENTATIVES OF THE CITY OF MCKINNEY.
I SAY ALL OF THIS FOR YOU TO CONSIDER WHEN YOU DECIDE WHETHER OR NOT TO EXTEND THIS BID PROCESS TO ALLOW US A REASONABLE AMOUNT OF TIME TO COMPLY WITH THE RFQ PUT FORTH.
WE FEEL THAT WE HAVE NOT BEEN GIVEN AMPLE TIME TO COMPLY WITH THE RFQ AND BASED ON OUR SERVICES PERFORMED FOR THE CITY OF MCKINNEY OVER THE LAST YEAR FOR 50 YEARS, WE ASK THAT YOU PLEASE CONSIDER OUR LONGSTANDING COMMITMENT TO THE CITY TO ALLOW US MORE TIME TO CONTINUE TO PROVIDE THE SAME PROFESSIONAL AND QUALITY SERVICE.
ALRIGHT, THOSE ARE ALL THE PUBLIC COMMENTS WE HAVE.
WE'RE GONNA GO TO OUR SPECIAL MEETING AGENDA
[Consider/Discuss/Act on a Request Made by JPI to Bypass the Co-development RFQ Process]
24 1 8 0 7.CONSIDER AND DISCUSS ACT ON A REQUEST MADE BY JPI TO BYPASS THE CO-DEVELOPMENT RFQ PROCESS.
THANK YOU FOR THIS OPPORTUNITY THIS AFTERNOON.
I'M HERE TODAY TO PRESENT TO YOU, UH, THE REQUEST FROM JPI FOR A CO-DEVELOPMENT WITH MCKINNEY HOUSING FINANCE CORPORATION, A PARTNERSHIP FOR DEVELOPMENT WITH THE CORPORATION.
SO A LITTLE BACKGROUND IN 2022, AFTER THE LAST RFQ PROCESS, THE NEWLY FORMED PUBLIC FACILITIES MCKINNEY PUBLIC FACILITIES CORPORATION, WAS CREATED AND PARTNERED WITH JPI ON THE CURRENT DEVELOPMENT THAT THEY HAVE UNDER CONSTRUCTION RIGHT NOW.
UH, JEFFERSON REDANT THAT IS LOCATED, IT'S AT, UH, THREE 80 AND BODARK, WHICH IS RIGHT THERE BY, UM, THE MOVIE THEATER AND EVERYTHING.
I'LL SHOW YOU A PICTURE IN JUST A SECOND.
WITH THAT PARTNERSHIP, 50% OF THOSE UNITS ARE AT 80% A-M-I-J-P-I IS CURRENTLY UNDER CONTRACT TO PURCHASE THE ADJACENT PROPERTY TO THAT DEVELOPMENT THAT WE CURRENTLY HAVE WITH OUR PFC, AND THEY'RE SEEKING A PARTNERSHIP TO, UM, WITH OUR MCKINNEY HOUSING FINANCE CORPORATION ON THIS ONE.
SO NOT THE PFC, BUT THE HFC, THE MCKINNEY HFC PLANS TO, UH, RELEASE OUR NEXT RQ FOR CO-DEVELOPMENT PROJECT, UM, EARLY FALL.
SO WHAT'S THE DIFFERENCE BETWEEN PFC AND HFC
THE PFC WAS ESTABLISHED IN 2022, AND THE ONLY PARTNERSHIP DEAL THEY'VE HAD IS THE CURRENT PFC DEAL WITH JPI AND THE CITY COUNCIL SERVES AS THE BOARD MEMBERS FOR THAT CORPORATION PAYMENTS RECEIVED, UH, FROM THE TAX ABATEMENTS OF THE PFC DEALS, THAT FUNDING GOES INTO THE GENERAL FUND FOR THE CITY, AND YOU'RE ABLE TO USE THOSE FUNDS ON ANY DEVELOPMENTS AND PROJECTS HERE IN MCKINNEY.
THE HFC WAS ESTABLISHED IN 1980, AND IT'S REGULATED BY THE CHAPTER CO GOVERNMENT CODE 3 94 AND THE BYLAWS AND CITY COUNCIL APPOINT THE BOARD MEMBERS FOR THE HFC AND THE FUNDS THAT ARE USED FOR THE DEVELOPMENTS FOR THE HFC GO INTO THE HFC.
AND THEN THAT FUNDING IS USED TO, UM, DO MORE AFFORDABLE HOUSING.
SO IT FOCUSES ON AFFORDABLE HOUSING ONLY.
IT'S NOT ALL KINDS OF OTHER PROJECTS.
THIS IS THE DEVELOPMENT LOCATION, THE AERIAL, AS YOU CAN SEE, UM, IN THE YELLOW, THE JEFFERSON VEON, THE PFC CURRENT DEVELOPMENT IS THE 384 UNITS, AND THE ONE WE'RE HERE TO DISCUSS TODAY IS THE PROPOSED DEVELOPMENT OF 792 UNITS.
THIS IS JUST THE DEVELOPMENT SITE PLAN.
THOSE TWO PHASES, TOTAL 792 UNITS.
UM, JPI PROVIDED A COUPLE DIFFERENT OPTIONS FOR US TO REVIEW.
WHEN YOU LOOK AT WHAT TYPE OF DEVELOPMENT DO YOU WANT, WHAT, UM, AREA MEDIAN INCOME DO YOU WANT TO FOCUS ON? THE ONE THAT HAD THE HIGHEST PUBLIC
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BENEFIT WAS OPTION B.AND ALL THESE NUMBERS CAN CHANGE.
NONE OF THEM ARE SET IN STONE AT THIS POINT, BUT WITH THAT, UM, THE FIRST PHASE HAS 388 UNITS, WHICH WOULD STAY THE SAME, BUT WHAT CAN FLUCTUATE IS HOW MUCH OF THAT IS MARKET RATE? HOW MANY ARE AT 80% A MI AND HOW MANY ARE AT 60%? THE PLAN B IS THE ONLY ONE THAT HAD ANY UNITS AT THE 60% A MI.
YOU'RE SAYING PLAN BI DON'T SEE A, C, D, OR B, THEY'RE NOT ON THERE, SO, OKAY.
SO ALL I'M LOOKING AT IS PLAN B RIGHT NOW.
THERE ARE A COUPLE OTHER, UH, PLANS THAT WERE SUBMITTED.
WE CHOSE THE OPTION THAT HAD THE HIGHEST PUBLIC BENEFIT, AND I'LL GO IN IN A SECOND AND EXPLAIN WHAT PUBLIC BENEFIT IS.
SOME OF THE, THE DIFFERENCES IN THEM IS ONE OF 'EM FOCUSED ALL AT 80% A MI, THEY HAD NO 60% UNITS AND, UM, GAVE US A LARGER AMOUNT OF MONEY UPFRONT AS OPPOSED TO STAGGERING IT OUT OVER THE YEARS.
AND THEN ALSO SOME OF THE OTHER ONES, UM, GAVE A A DISCOUNT ON THE RENT ACROSS ALL THE UNITS, A 10% DISCOUNT ON THE 80% AMIS, WHICH GETS KIND OF CRAZY IN ALL THE NUMBERS I KNOW.
UM, SO WITH THESE, IT, LOOK, YOU'RE LOOKING AT THE 80% A MI, YOU'RE GETTING 179 UNITS ON THE FIRST ONE 19 UNITS ON THE SECOND ONE, AND THAT EQUATES TO 46% OF THE UNITS ARE GONNA BE AT 80% A MI AND 5% OF THE UNITS WILL BE AT 60% IS WHAT WE'RE KIND OF LOOKING AT OVERALL.
WHEN WE TALK ABOUT WHAT IS PUBLIC BENEFIT AND WHERE DOES THAT 60% AND THAT 85% COME FROM.
IT COMES FROM WHEN WE MEASURE THE SERVICES THAT ARE PROVIDED IN RELATION TO WHAT'S THE TAX ABATEMENT WE'RE DOING.
WE ANALYZE IT OVER A 15 YEAR PERIOD.
AND THE PUBLIC BENEFIT CAN BE ANYTHING FROM, UM, THE DISCOUNTED RENTS, THE SOCIAL SUBSIDIES, THE THE FEES THAT THE HFC RECEIVES TO BE ABLE TO DO ADDITIONAL PROJECTS.
AND THEN WE'VE EXPLAINED HERE WHERE THAT PUBLIC BENEFIT COMES FROM.
SO THAT'S 60% AND THAT 65% PUBLIC BENEFIT.
THIS IS THE BREAKDOWN OF OPTION ONE.
AGAIN, THEY WERE ALL A LITTLE DIFFERENT ON THE FEES AS WELL.
SOME PAID MORE UPFRONT AS OPPOSED THROUGHOUT THE PLAN.
BUT THE WAY YOU, UH, CALCULATE THE PUBLIC BENEFIT IS THE ONE TIME PAYMENTS, WHICH IN THIS ONE, FOR INSTANCE, UM, YOU'VE GOT THE 2.8 MILLION ON PHASE ONE AND THEN YOUR ANNUAL BENEFITS THAT YOU RECEIVE, LIKE MANAGEMENT FEES, GROUND LEASE FEES, AND THOSE INCREASE 3% EACH YEAR.
YOU TAKE THAT AND THEN YOU ALSO ADD THE RENT SAVINGS, BECAUSE SINCE WE'RE LOOKING AT 80% A MI, THE RENTS ARE REDUCED FOR THOSE UNITS.
AND, UM, SOME OF THEM HAVE MORE THAN THE 10% RENT REDUCTION.
YOU TAKE ALL OF THOSE AND YOU ADD THEM UP AND YOU DIVIDE IT BY THE, THE ESTIMATED PROPERTY TAXES.
ONCE YOU GET ALL THOSE NUMBERS AND YOU DIVIDE IT BY THE PROPERTY TAXES, THAT GIVES YOU WHAT YOUR PUBLIC BENEFIT IS.
SO THAT'S WHERE THEY'RE COMING UP WITH THE 65% PUBLIC BENEFIT OR THE 60% PUBLIC BENEFIT.
CRYSTAL, DO WE, DO WE DO THE EVALUATION OR IS THAT JPI OR IS THAT SOMEBODY ELSE THAT'S DOING IT? BOTH JPI DOES, UH, THEY, THEY SEND US THEIR PERFORMANCE AND ALL OF THEIR NUMBERS, BUT WE ALSO HAVE OUR FINANCIAL ADVISORS REVIEW IT AND COME UP WITH THOSE NUMBERS.
OUR NUMBERS ARE A LITTLE DIFFERENT THAN WHAT JPI SUBMITS BECAUSE ONE OF THE THINGS THAT OUR FINANCIAL ADVISORS DO NOT INCORPORATE IN THAT PUBLIC BENEFIT IS THAT PROFIT, THAT ONE TIME PROFIT SHARE, THAT'S WHEN THE PROPERTY SELLS.
WE DON'T CALCULATE THAT IN OUR PUBLIC BENEFIT BECAUSE IT'S NOT INSURED, IT'S NOT CONTRACTUAL.
YOU DON'T EXACTLY KNOW WHAT THAT AMOUNT'S GOING TO BE, AND IT CAN CHANGE OVER TIME.
BUT THEY DO HAVE THAT CALCULATED IN THIS, AND WE DO NOT CALCULATE IT IN THAT ON THE, SO OUR NUMBERS DO CHANGE SOME ON THE TAX SUBSIDY THAT'S PROVIDED, WHICH THEY, WE SPECIFICALLY SAY PROPERTY TAX.
DO WE INCLUDE THE SALES TAXES THAT ARE ABATED? WE DO NOT.
THIS GOES BACK TO JUST SAY THAT, THAT THE 60% DOES NOT MEAN 80% A MI, THAT OUR PUBLIC BENEFIT IS THE BENEFIT WE'RE RECEIVING FOR THE TAX ABATED.
SO OUR CURRENT, I SAID THAT, YOU KNOW, HFC IS CURRENTLY GOING TO ISSUE AN RFQ FOR A CO-DEVELOPMENT DEAL.
THIS IS OUR, OUR TIMELINE RIGHT NOW.
THE HOUSING FINANCE CORPORATION WILL MEET AUGUST 9TH AT THAT MEETING.
THEY WILL APPOINT BOARD MEMBERS TO BE ON THE RFQ SUBCOMMITTEE AND, UM, WE WILL THEN DEVELOP THAT RFQ, WE'LL TAKE IT BACK TO THE HFC SEPTEMBER 13TH FOR THEM TO REVIEW IT, APPROVE IT, AND THEN REFER IT TO CITY COUNCIL.
WE WILL COME BACK TO CITY COUNCIL IN SEPTEMBER FOR YOU TO REVIEW THE RFQ AND ALLOW AND APPROVE US TO RELEASE THAT RFQ.
AND WE WILL AT THAT TIME ALSO REQUEST A COUNCIL MEMBER BE APPOINTED TO
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THE SELECTION COMMITTEE.BECAUSE DURING THAT PROCESS, WE REVIEW ALL THE, THE PROPOSALS FROM THE DEVELOPERS AND WE WOULD LIKE FOR ONE OF YOU TO BE ON THAT.
AND THEN AFTER THAT, THE SELECTION COMMITTEE IS THE ONE THAT PRESENTS TO THE HFC AND RECOMMENDS WHO GETS APPROVED.
AND WE WILL COME BACK TO COUNSEL AND PRESENT AN, UM, AN INFORMATIONAL UPDATE ITEM ON WHO WAS SELECTED IN THE TERM SHEET.
AND SO TODAY, JPI IS REQUESTING TO BYPASS THAT RFQ PROCESS.
WITH THAT, IT MEANS THAT THE HFC WOULD BE THE ONES TO REVIEW AND DETERMINE IF THE PROJECT MOVES FORWARD AND WORKS THROUGH ALL THE NEGOTIATIONS.
THEY WOULD DO THE DUE DILIGENCE, THE FINANCIAL ANALYSIS, AND DECIDE IF THE PROJECT MOVES FORWARD.
AND THEN WE WOULD BRING BACK TO THE A TO CITY COUNCIL.
HERE'S WHO WE, HERE'S THE OUTCOME OF THIS PROJECT.
HERE'S THE TERM SHEET, HERE'S WHAT WE CAME TO OUR DECISION.
SO CONSIDERATIONS ON THIS HFC FUNDING, IT DOES ALLOW US TO, UH, SPEND THIS FUNDING TO DO OTHER AFFORDABLE HOUSING THINGS.
WE DO GET A MANAGEMENT FEE, A CONTRACTOR FEE, A LEASE FEE, DEPENDING ON WHICH OPTIONS YOU CHOOSE FROM.
WE DO GET SOME AFFORDABLE 80% UNITS HERE IN MCKINNEY, WHICH JPI IS A PROVEN PARTNER, WE ARE CURRENTLY PARTNERING THROUGH THE PFC ON THE ON JEFFERSON VER VERMONT, WHICH IS CURRENTLY GOING TO BE OPENING WHAT THEIR FIRST BUILDING NEXT MONTH OF THOSE 384 UNITS.
AND IT IS ANTICIPATED TO COMPLETE IN JUNE OF 2025.
THIS IS ADJACENT TO THEIR CURRENT DEVELOPMENTS, THE COMPETITIVE PROCESS, THE RFQ PROCESS.
WE DO LIKE THAT PROCESS 'CAUSE IT ALLOWS US TO SELECT THE DEVELOPER THAT'S GONNA PROVIDE THE BEST PROJECT FOR OUR COMMUNITY AND OUR AFFORDABILITY PRIORITIES.
UM, THIS, UH, ISN'T FOCUSING ON THE 80% A MI, BUT WE ARE GETTING SOME WORKFORCE HOUSING AND IT PROVIDES THE PUBLIC BENEFIT THAT WE LIKE TO LOOK AT, THAT IT'S AT LEAST 60%.
WE LIKE TO SEE 60, 65% IN THE PUBLIC BENEFIT.
THE REQUESTED ACTION TODAY IS FOR COUNSEL TO EITHER RECOMMEND THAT JPI SUBMIT THEIR PROJECT AS PART OF OUR RFU PROCESS, WHICH WE'LL START SOON, OR TO APPROVE JPI TO BYPASS THE PROCESS AND PRE PRESENT DIRECTLY TO MCKINNEY HOUSING FINANCE CORPORATION.
AND AGAIN, WITH DOING THAT ON THE RECOMMENDATION, UH, TO GO THROUGH THE RFQ, THAT THEN COUNCIL GETS TO REVIEW THE RFQ AND WHEN WE SUBMIT IT AND WOULD HAVE A SELECTION, UH, A PERSON ON THE SELECTION COMMITTEE, AND WE WOULD MOVE FORWARD AND THEN BRING BACK TO COUNCIL WHO IS SELECTED, WHO THE HFC SELECTED.
IF IT DOESN'T GO THROUGH THAT, IT GOES STRAIGHT THROUGH THE HFC, THE HFC, UH, IT WILL BE THE ONE TO CONDUCT THE RESEARCH, DO THE NEGOTIATIONS, AND BRING THE FINAL SELECTIONS BACK TO COUNSEL FOR THAT AS WELL.
EITHER WAY, WE WILL STILL BE MOVING FORWARD WITH AN RFQ PROCESS.
THIS ONE JUST WOULD NOT BE GOING THROUGH THAT PROCESS.
IF THAT'S WHAT YOU APPROVED HERE TODAY, I'M HAPPY TO STAND FOR ANY QUESTIONS.
YEAH, I'VE GOT SOME QUESTIONS FOR YOU AND I'M GOING TO ASK THAT THIS BE BROUGHT FORWARD.
UM, AND I ASKED IT TO BE BROUGHT FORWARD BECAUSE I, I UNDERSTAND THE RFQ PROCESS AND, AND CERTAINLY IN MANY CASES IT WORKS AND IN SOME CASES NOT SO MUCH.
I JUST WITNESSED THAT IN ANOTHER, UH, SITUATION.
WE'VE GOT, UM, WE'VE HAD AN RFQ PROCESS IN, IN THE PAST FOR A, UM, FOR A, UH, A PARTNER WITH UM, PFC, CORRECT? THAT WE CORRECT HOW MANY YES, THEY WERE.
HOW, HOW MANY RESPONDENTS DO WE HAVE FOR THE PFC SIDE OF IT? ONE, ONE.
WE HAD SIX OVERALL BECAUSE THAT, THAT RFQ WAS TWOFOLD.
IT WAS FOR A PFC DEAL AND A CO DEVELOPMENT DEAL WITH THE HFC, BUT, BUT THE PFC, WE HAD ONE.
AND I WOULD VENTURE TO GUESS AS SOMEONE IN THE BUSINESS THAT, UM, UNTIL SOMEONE HAS A PIECE OF PROPERTY, IT'S VERY HARD TO, TO, TO ASSESS WHETHER OR NOT THAT PROPERTY WOULD FIT AND, AND, UM, BE A CANDIDATE FOR THIS.
AND CERTAINLY FROM OUR STANDPOINT, UNTIL THERE'S A PROPERTY SELECTED, WE'D HAVE AN ISSUE ON DETERMINING WHETHER IT MAKES SENSE FOR US.
WHERE IS IT LOCATED? WHAT DOES IT ACHIEVE FOR US? RIGHT? SO I LIKEN THIS MUCH MORE SO TO, UM, AN ECONOMIC DEVELOPMENT KIND OF THING WHERE, WHERE, UH, I, I, I'M ALL FOR CONTINUING RFQ PROCESS, BUT I THINK IF SOMEONE COMES AND MEETS A GREATER THAN THE 60% OR GREATER, I WANT US TO BE ABLE TO LOOK AT IT.
BECAUSE AGAIN, IT REQUIRES SOMEONE TO HAVE A PIECE OF PROPERTY TO, TO BE THAT FAR DOWN THE ROAD AND THEN THAT PIECE OF PROPERTY FOR US TO DETERMINE IF IT, IF IT MAKES SENSE FOR US.
AND, UM, IT'S THE WAY IT WORKS IN THE ECONOMIC DEVELOPMENT WORLD, AS WE KNOW IN OUR EDC UM, PROJECTS, THEY COME TO US.
WE DON'T PUT OUT AN RFQ NECESSARILY.
THEY, SOMEONE COMES, HAS A, UH, HAS A PRODUCT SERVICE BUSINESS THAT THEY WANT TO, UH, CONSIDER IN MCKINNEY.
OFTEN THEY'VE IDENTIFIED WHERE THAT'S GONNA BE.
AND THEN WE, WE NEGOTIATE BASED ON, UM, IS THERE A PUBLIC BENEFIT? WE DETERMINED PUBLIC BENEFIT.
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ANYWAY FOR BRINGING IT.UM, INITIALLY I THINK THEY CAME WITH A 50% OR 53% PUBLIC BENEFIT, WHICH I WOULD NOT BE FOR, UM, HAVING SOMEONE SUBMIT AND, UH, AND US BEING TO EVALUATE IT.
BUT AT THE END OF THE DAY, BOTH PROCESSES, WHETHER IT'S THROUGH AN RFQ OR NOT, THE COUNCIL GETS TO LOOK AT IT, IT GETS VETTED OUT, ALL THE DETAILS, ALL THE FACTS, ALL THE, ALL THE, UM, THE DOLLARS AND CENTS OF IT, UM, THE PUBLIC BENEFIT THAT'S ALL VETTED AND THEN STILL COMES BACK TO US IN BOTH PROCESSES.
ACTUALLY, WITH THE BYPASS OF THE RFQ PROCESS, IT WOULD COME BACK TO YOU AFTER IT'S COMPLETED.
YOU WOULD NOT HAVE A SAY IN THE TERMS OF THE AGREEMENT? NO, WE'D HAVE A SAY THOUGH IN APPROVING THE TERMS. NO.
SO WE WOULD NOT, WE HAVE, SO THERE IS NO, UM, WE WOULD BE, SO I GUESS WE'RE ENTRUSTING THAT PROCESS WITH D-M-H-F-C.
AND THE FINANCIAL ADVISORS AND THE ATTORNEYS.
OH, MCKINNEY HOUSING FINANCIAL CORPORATION.
WHAT'S THE DRAWBACK IF WE JUST GO THROUGH THE STANDARD RFQ PROCESS WITH THIS ONE? CURRENTLY THEY'RE UNDER CONTRACT TO PURCHASE THE LAND, AND THAT'S WHY THEY'VE REQUESTED TO BYPASS THAT SO THAT THE DEAL CAN MOVE FORWARD NOW.
SO CRYSTAL, MY UNDERSTANDING WITH AN RFQ, YOU GET TO OUTLINE WHAT WE NEED, WHAT WE WANT, KIND OF ALL OF THE THINGS THAT, THAT, YOU KNOW, WHAT ARE WE LOOKING FOR IN A TRANSACTION LIKE THIS? AND, AND FOR ME, YOU KNOW, WHILE I KNOW THAT THERE ARE DEALS OUT THERE AND ECONOMIC DEVELOPMENT DEALS OUT THERE THAT ARE CONSTANTLY TRYING TO THROW STUFF AGAINST THE WALL TO SEE IF IT STICKS, LIKE WE ULTIMATELY MAY NOT NEED THAT OR MAY NOT WANT THAT.
AND SO IF YOU'RE CONSTANTLY DEALING WITH, HEY, WILL THIS WORK, WILL THIS WORK, WILL THIS WORK THAT ENDS UP CONSUMING ALL OF YOUR TIME VERSUS BEING ABLE TO WRITE AN RFQ AND SAY, HERE'S WHAT WE NEED, WHO CAN FULFILL ON THAT? AND GETTING ALL THOSE AT ONCE, EVALUATING THEM, GOING THROUGH A PROCESS THAT'S DEFINED RATHER THAN EVERY COUPLE OF WEEKS, YOU GET A NEW ONE AND SEE IF IT WORKS.
AND SO I, FOR ME, IT ALLOWS US TO KIND OF DEFINE WHAT WE NEED.
AND I'LL GO BACK TO, TO WHAT I'VE SAID ALL ALONG.
THESE DEALS AREN'T WHAT WE NEED.
UM, WE'VE, OUR ROOT POLICY STUDY SAYS WE ARE OVER SUPPLIED ON 80% A MI PRODUCT.
AND SO TO LEAVE A JUST COME, COME ASK US WHEN YOU'RE, WHEN YOU'VE GOT A DEAL OPEN WITHOUT AN RFQ PROCESS JUST ENDS UP HAVING A BUNCH OF PEOPLE THROW STUFF AGAINST THE WALL TO SEE IF WE NEED IT WHEN WE DON'T NEED IT.
SO, UH, I GET THE, THE, THE, UM, I GUESS THE, THE SITUATION THAT THEY'RE IN WHERE THEY'RE UNDER A CONTRACT WITH, WITH A, ON A PIECE OF LAND.
BUT ULTIMATELY, YOU KNOW, WE'VE GOTTA DEFINE WHAT WE NEED BEFORE WE CAN DETERMINE WHETHER OR NOT, YOU KNOW, THEY'RE GONNA FILL THAT NEED.
AND, AND I, I THINK, UM, YOU KNOW, WE'VE TALKED ABOUT THIS BEFORE, DEVELOPING SOME SORT OF COMPREHENSIVE HOUSING PLAN THAT SAYS, YOU KNOW, THESE ARE THE SECTORS WHERE WE NEED TO, TO FIND WAYS TO, TO PRODUCE HOUSING.
AND THAT'S UNDER 30 OR 30% OR UNDER, UM, A MI RENTAL PRODUCT THAT IS AN OCCASIONAL 60% CO-DEVELOPMENT, LOW INCOME HOUSING TAX CREDIT DEAL.
WE KIND OF KEEP PACE WITH A RATIO TO OUR POPULATION SO THAT WE WE'RE KIND OF ALWAYS AT THIS PROPORTION.
UM, AND FINDING AFFORDABLE OWNERSHIP PRODUCTS SHOULD BE OUR PRIORITY AND GOING AFTER DEALS THAT, THAT ARE MARKET RATE OR NEAR MARKET RATE TO ME AREN'T, AREN'T WHERE WE NEED TO BE SPENDING OUR TIME.
SO UNTIL WE COME UP WITH THAT HOUSING PLAN, I THINK THE RFQ PROCESS PREVENTS US FROM SPINNING OUR WHEELS IN AREAS THAT WE DON'T NEED TO BE SPENDING OUR, OUR TIME WITH.
SO I DON'T THINK WE SHOULD BYPASS THE PROCESS.
CAN YOU GO BACK TO THE LAYOUT OF THE FINANCES FOR THE PUBLIC BENEFIT PLEASE? BECAUSE I, I HAVE A WHOLE, I I AGREE WITH JUSTIN.
I, I DO AGREE WITH JUSTIN THAT WE DO NEED A COMPREHENSIVE PLAN THAT MAKES SENSE BASED ON WHAT WE'VE NOW DEVELOPED.
AND I HAVE TO COMMEND THIS COUNCIL AND STAFF BECAUSE WE, WE'VE REALLY DONE WELL TRYING TO MAKE THIS A PRIORITY.
BUT IT IS A VERY COMPLEX, DIFFICULT ISSUE TO TRY TO SOLVE FOR THE COMMUNITY.
I THINK THE ONE BENEFIT OF GOING THIS ROUTE, AND WE'VE TALKED ABOUT THIS BEFORE WHEN WE ESTABLISH THE PFC, IS HAVING THE ABILITY TO TAKE WHAT WE CAN EARN FROM THIS TYPE OF A DEVELOPMENT
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AND PRODUCE THE THINGS THAT WE ACTUALLY NEED.AND I, YOU KNOW, THE STRUGGLE FOR ME RIGHT NOW IS THAT I DON'T HAVE A WHOLE LOT OF FAITH THAT WE'LL SEE, UH, DEVELOPERS COME FORWARD IN THE NEXT YEAR, TWO YEARS, FIVE YEARS, THAT WILL ADDRESS THE NEED FOR THE 30% AND THE 60% A MI.
SO I JUST WANT US TO KEEP IN MIND THAT THAT'S A PROBLEM THAT WE'RE PROBABLY GONNA HAVE TO SOLVE ON OUR OWN.
AND THIS IS ONE OF THE WAYS THAT WE COULD POTENTIALLY ADDRESS THAT ISSUE.
UM, BUT I DO UNDERSTAND THE NEED FOR PROCESSES AND, YOU KNOW, A THOROUGH EVALUATION BEFORE JUST MOVING FORWARD.
BUT WE, WE'VE GOT THIS SORT OF TUG OF WAR THAT WE'RE DEALING WITH RIGHT NOW.
SO, AND I, I DON'T DISAGREE WITH WHAT JUSTIN SAID.
I MEAN, IF WE WERE, IF WE HAD, YOU KNOW, A DOZEN PROJECTS COMING IN A MONTH OR SIX MONTHS OR A YEAR, THAT WOULD BE ONE THING.
THIS IS, WE DON'T, WE, WE HAD AN RFQ, WE HAD ONE, AND THIS IS AND THAT WAS WHEN, HOW LONG AGO WAS THAT? TWO YEARS.
AND HERE WE ARE WITH ONE, TWO YEARS LATER.
UM, AGAIN, TO ME THE BENEFIT IS, IS NOT, I I AGREE WITH JUSTIN ON WHAT OUR ULTIMATE NEED IS.
THE WHOLE IDEA OF ENTERING INTO, INTO, UM, PARTNERSHIPS LIKE THIS WAS TO ACTUALLY BE ABLE TO GENERATE AND FUND A-P-F-C-A PUBLIC FINANCE CORPORATION THAT WE COULD THEN TAKE THAT MONEY AND PUT INTO, UM, WHAT WE CONSIDER OUR, OUR GREATEST NEED AND HELP, HELP SUBSIDIZE AND, AND, UH, AND PARTNER IN THOSE VENTURES.
SO THAT'S THE, THAT'S THE PURPOSE OF THIS.
IT'S, IT'S NOT JUST THE, UM, WHAT PRODUCT ARE WE GETTING? IT IS, UM, IT IS, DOES IT AFFORD US THE ABILITY TO BRING IN CASH TO THEN HAVE A DISCRETION, UH, TO USE IN OUR, AT OUR DISCRETION FOR ACHIEVING WHAT WE NEED HOUSING WISE IN SOME OF THE LOWER, UH, A MI PRODUCT THAT NOBODY IS COMING TO US WITH.
MATTER OF FACT, WE HAVE NOT HAD ONE.
BUT FROM THE, THE STANDPOINT OF PROVIDING US WITH THAT RESOURCE ON A DEAL LIKE THIS, AND I'M JUST SAYING PROPERTY TAX ABATED, 19.7 MILLION OVER 15 YEARS, OUR ROUGHLY 25% SHARE OF THAT'S ABOUT $5 MILLION.
AND OUR BENEFIT, OUR CASH PUBLIC BENEFIT, THE UPFRONT PAYMENTS, THE PROFIT SHARES, THE MANAGEMENT FEES, THE GROUND LEASES DON'T EQUAL WHAT WE WOULD GENERATE IN JUST PROPERTY TAXES OFF OF THIS PRODUCT.
AND WE'RE NOT INCLUDING THE SALES TAXES FROM THE CONSTRUCTION OF THIS PRODUCT.
SO IT'S NOT LIKE IT'S PROVIDING US, WE'RE, WE'RE GONNA HAVE TO DELIVER THE SAME SERVICES WITH POLICE, WITH FIRE, WITH, UM, ROADS, WITH PARKS.
AND WE'RE GONNA BE GETTING LESS TO DO THAT.
AND THEN WE'RE GONNA TAKE THAT MONEY AND GO SAY, WELL, THIS IS DEDICATED TO OTHER AFFORDABLE HOUSING PROJECTS.
WE CAN JUST LET 'EM BUILD IT AT A MARKET RATE, TAKE THE TAXES OFF OF IT, APPLY THAT TO A, TO AN AFFORDABLE HOUSING FUND, AND GET A BETTER OUTCOME FOR US.
AND WHAT WE'RE NOT PROVIDING IS THAT 8.3 IN RENT SAVINGS TO, YOU KNOW, A BUNCH OF SINGLE, UM, SINGLE BEDROOM UNITS THAT MAKE 75, $80,000 A YEAR, UM, IN, IN AREA MEDIAN INCOME AND, AND, AND GIVING THEM A RENT SUBSIDY.
'CAUSE THAT'S, THAT'S NOT WHERE WE NEED TO BE APPLYING RENT SUBSIDIES.
SO I, I MEAN, BUT OUR, OUR TAX, OUR, OUR, THE CITY PROPERTY TAX ABATED IS HOW MUCH A YEAR ON A, THIS IS ABOUT A $60 MILLION PROJECT.
I, I I, THE PROPERTY TAX ABATED CITIES USUALLY MAKE UP ABOUT 25% OF PROPERTY TAXES ABATED.
SCHOOL DISTRICT TAKES UP 50 COLLEGE AND COUNTY TAKE UP A QUARTER.
SO I WAS JUST ESTIMATING JUST UNDER $5 MILLION FOR THE CITY TAXES.
UM, CRYSTAL, THESE 65 AND 60 NUMBERS, IS THIS SOMETHING THAT WE HAVE SCRUBBED OR THESE GIVEN TO US BY JPI? THESE NUMBERS WERE PROVIDED BY JPI.
OKAY, I'M GONNA BACK UP FOR A MOMENT BECAUSE I THINK THERE'S A NUMBER OF THE PEOPLE IN THE ROOM WHO MAY NOT UNDERSTAND THE PFC, BUT BASICALLY THE, AND YOU CORRECT ME WHERE I'M WRONG PLEASE, BUT, YOU KNOW, WITH THE PFC, IT'S, YOU KNOW, YOU COULD HAVE A NORMAL APARTMENT COMPLEX THAT COMES IN HERE, AND AS JUSTIN SAID, THEY PAY SALES TAXES ON THEIR, UM, ON THE MATERIALS THEY BUY.
NOW WITH SALES TAXES, YOU KNOW, THE CITY NORMALLY SHARES IN 2% OF THAT, RIGHT? YOU KNOW, 1% TO THE CITY AND THEN 1% TO CDC AND EDC THAT'S GONE.
BUT THE STATE GETS THE OTHER SIX.
WELL, THE STATE'S EATING THAT, RIGHT? AND THEN THEY DON'T PAY PROPERTY TAXES AS WE'RE SEEING RIGHT HERE.
AND AS JUSTIN SAID, YOU KNOW, THE CITY PLAYS A ROLE IN THAT WE LOSE OUR PROPERTY TAXES, BUT THE MAIN LOSER OF THE PROPERTY TAXES IS THE COLLEGE
[00:30:01]
AND THE COUNTY AND THEN THE UH, UH, SCHOOL DISTRICT.AND THEY'RE NOT GETTING ANY OF THESE PAYMENTS THAT WE GET HERE.
NOW, WE DID DO ONE OF THESE TWO YEARS AGO, AND I WAS REAL NEW ON COUNCIL, MAN, I WAS STILL HAVE A FIRE HOSE AND, YOU KNOW, AND, AND WE, MY RECOLLECTION ON THAT ONE ISN'T THAT SLIDE'S NOT UP HERE, BUT I REMEMBER IS A RICHER DEAL FOR THE CITY.
AND, UM, WE SPEND A LOT OF TIME UP HERE TALKING ABOUT THE HOMELESSNESS AND TRYING TO FIGURE IT OUT.
AND I THINK THERE'S, THE MORE I READ ABOUT IT, THERE'S KIND OF A PUSH PULL.
AND ONE OF THE THINGS THAT WE CAN DO IS ENFORCEMENT, WE CAN ENFORCE OUR LAWS HERE TO MITIGATE, NOT ELIMINATE, BUT TO MITIGATE THE VAGRANCY ISSUES THAT WE HAVE HERE.
BUT THERE'S ANOTHER THING THAT WE CAN DO, AND THAT IS TO TRY TO BE AN ANSWER FOR HOUSING.
BUT YOU KNOW, THAT COMES WITH A COST AS YOU'RE SEEING HERE.
RIGHT? YOU KNOW, WE'RE NOT COLLECTING THE SAME TAXES.
I MEAN THE, THE, THE LOWER RENT IS NOT A FREE BEFORE US, BUT WHAT IT IS, IT'S A, IT'S A WAY TO DEAL WITH THIS PROBLEM.
UH, THE FIRST ONE, WE DIDN'T GO THROUGH THE RFQ, WE JUST DID IT.
AND I REMEMBER WE WERE TREADING KIND OF LIGHTLY AND, AND I THINK IN MY ESTIMATION, FOR WHATEVER THAT'S WORTH, THAT TURNED OUT PRETTY WELL FOR US FINANCE A 60% OF A MI THAT IS AREA MEDIAN INCOME.
SO THESE ARE PEOPLE WHO MAKE 60% OF THE AREA MEDIAN INCOME GIVEN THE NUM THE SIZE OF THEIR FAMILY.
AND WE ARE ABLE TO GET THAT RIGHT NEAR AN ELEMENTARY SCHOOL THERE AT CARLISLE AND VIRGINIA WHERE THE KIDS CAN GO TO SCHOOL.
WE HAVE A NUMBER OF UNITS IN THERE WITH MORE THAN ONE BEDROOM WHERE THE, WHERE THE KIDS CAN BE.
AND THIS CAN HELP SERVICE OUR WORKERS WHO WORK IN JOBS THAT DON'T MAKE THAT MUCH MONEY.
I THINK IT WAS A PRETTY GOOD OUTCOME FOR US.
WE'RE ALSO ABLE TO HELP SOME ISSUES WITH, PER MY RECOLLECTION, WITH HABITAT, WITH, YOU KNOW, SOME EROSION ISSUES THAT THEY HAD THAT NO ONE HAD THE MONEY TO ADDRESS, EXCEPT WE DID.
BUT AS WE SIT HERE RIGHT NOW, YOU KNOW, HAVING GONE THROUGH THAT AND HAVING THESE NUMBERS NOT BEING SCRUB BY OUR STAFF IS A FIDUCIARY OF THE CITY.
I DON'T THINK SKIPPING THE RFQ IS A GOOD FIDUCIARY ANSWER TO THIS QUESTION.
SO MY HOPE IS THAT SOMETHING LIKE THIS OR BETTER IS GONNA COME UP IN THE RFQ.
IT MAY BE THE ONLY DANCE PARTNER THAT'S WILLING TO DANCE WITH US, BUT I'D LIKE TO FIND THAT OUT.
THAT'S THE ONLY QUESTION IS IF BY GOING THROUGH THE RFQ PROCESS, IF NOBODY SUBMITS AN APPLICATION, WE'RE WE'RE, WE'RE BACK HERE WITH, WITH THE SAME APPLICANT, CORRECT? POSSIBLY.
SO WE JUST, IT'S THE ONLY THING WE'RE JUST, I WON'T SAY WASTING TIME.
I WILL SAY THOUGH, THAT EVEN THOUGH WE HAVE NOT HAD AN RFQ IN THE LAST TWO YEARS, WE DO GET CONTACTED BY DEVELOPERS ON A MONTHLY BASIS TO DO DEVELOPMENTS WITH US, WHETHER THAT'S TO PURCHASE EXISTING AND REHAB THEM OR BUILD NEW, AND WE ALWAYS DIRECT THEM TO, WE WILL BE ISSUING AN RFQ SOON, WE'LL ADD YOU TO THE LIST FOR WHEN WE, WE ISSUE THAT RFQ CODE DEVELOPMENT, WE'LL SEND IT TO YOU.
SO WE DO GET INQUIRIES IN, IN MY OPINION, I THINK WE NEED TO, AND, AND WE HAVE A COUPLE OF HURDLES IN FRONT OF US AT THIS POINT.
WE DON'T HAVE A PERMANENT HEAD OF HOUSING AND COMMUNITY DEVELOPMENT WHO WOULD BE A BIG PART OF CRAFTING A, UH, A HOUSING PLAN, UH, THAT MATCHES OUR, OUR NEEDS STUDY.
BUT IF, IF WE CAME UP WITH A HOUSING PLAN THAT SAID, YOU KNOW, HERE'S HOW MANY 30% RENTAL PRODUCTS WE NEED, HERE'S HOW MANY LOW, LOW, UH, INCOME HOUSING TAX CREDIT PROPERTIES WE NEED.
AND HERE IS WHETHER OR NOT WE NEED ANY OF THIS STUFF, WHICH I, I DON'T THINK WE DO, BUT HAVE THAT DETERMINATION, HAVE US LOOK AT IT AND THEN LAY OUT A PROCESS BY WHICH TO GET IT.
AND IT MAY BE THAT THERE IS AN OPEN, YOU KNOW, A CONSISTENTLY OPEN PROCESS TO SAY, IF YOU'VE GOT A DEAL, BRING IT.
BUT WITH, IN MY OPINION, WITH THIS PRODUCT, WE DON'T NEED THAT OPEN PROCESS BECAUSE WE DON'T NEED THIS PRODUCT.
I MEAN, NOTHING SHOWS US THAT WE NEED MORE 80% A MI RENTAL UNITS.
UM, OUR ROOT POLICY SAYS WE HAVE AN ABUNDANCE OF THEM.
AND SO THERE'S NO REASON TO GIVE UP TAX REVENUE TO, TO SUBSIDIZE A DEVELOPER TO BRING ABOUT THIS PRODUCT WHEN IT'S, IT'S NOT IN OUR PRIORITIES.
AND, AND WE HAVEN'T MADE IT AS SUCH.
AND SO I, I'M, I'M NOT FOR BYPASSING IT.
AND WHEN YOU PUT IT IN THE RFQ AND YOU DETERMINE WHAT WE NEED WITH THE MCKINNEY HOUSING FINANCE CORPORATION BOARD, I ASSUME YOU'RE GONNA COME OUT WITH, WE NEED ANOTHER LITECH PRODUCT MAYBE, BUT WE DON'T NEED A 80% A MI PRODUCT.
HOW LONG WOULD IT TAKE TO DO THE RFQ PROCESS? WELL, WE HAVE THAT.
WE'LL BE, UH, CREATING IT AND IT'LL COME BACK TO LAST TIME WE HAD IT PUBLISHED
[00:35:01]
FOR ABOUT A MONTH, IF THAT'S WHAT YOU MEAN.TO CREATE IT, TO CALL, IT TAKES A COUPLE OF WEEKS AND THEN WE HAVE TO PUBLISH IT FOR SO MANY WEEKS.
BUT IT, IT WAS A PROCESS OF ABOUT THREE TO FOUR WEEKS LAST TIME.
AND THAT'S FROM START TO FINISH FROM SELECTING THE YES.
FROM PUBLICATION TO SELECTING.
CRYSTAL IS, I'M SORRY, GO AHEAD.
THE, THE FOLKS THAT YOU'RE SAYING WHO ARE CALLING MONTHLY TO INQUIRE ABOUT SOME OPPORTUNITIES, ARE THEY LOOKING AT SIMILAR PRODUCTS TO THIS OR ARE THEY TARGETING A LOWER A MI IN THOSE CASES? THERE HONESTLY, ISN'T ANYONE TARGETING THE LOWER A MI, SO 80% IS PRETTY MUCH WHAT YOU'RE GETTING FROM EVERYONE UNLESS THEY'RE GOING TO, YOU KNOW, REHAB CURRENT FACILITIES.
AND CRYSTAL, OUR, THE LAST PROJECT, UH, 'CAUSE I DON'T REMEMBER IT BEING HOW MANY 60% A MI, WHAT WAS THE, UH, HE'S SPEAKING TO PALLADIUM.
PALLADIUM WAS THE LAST ONE WE DID.
IT'S 60% A MI, IT'S 172 UNITS.
THAT WAS NOT ACTUALLY THE DEVELOPER THAT WAS SELECTED FROM OUR LAST RFQ.
'CAUSE AS WE DID A CO-DEVELOPMENT FOR THE PFC AND THE CO-DEVELOPMENT, THE ONE WE SELECTED WAS UNABLE TO PURCHASE LAND, DID NOT GO THROUGH THE PROCESS OF GETTING THE FUNDING.
PALLADIUM DID RECEIVE THEIR FUNDING AND THEY CAME BACK TO US AND ASKED US TO PARTNER ON THAT DEVELOPMENT.
THE JPI PROJECT WE DID WAS WHAT WAS, I'M SORRY? WHAT WAS THE, WHAT WAS THE PUBLIC BENEFIT OF THE, THE PUBLIC BENEFIT OF THE PFC DEAL? UM, I'M NOT SURE WHAT THAT ONE WAS.
I, I DIDN'T OVERSEE THAT ONE, BUT I MEAN, I KNOW THAT THERE WAS LIKE, AS, UH, PATRICK HAD MENTIONED THAT THERE WAS $2 MILLION PAID UP FRONT.
I MEAN, THEY PAID UP PRETTY MUCH ON THAT DEAL IS EVERYTHING WAS PAID UPFRONT.
AND AT CLOSING, AND WE'LL GET A COUPLE OTHER PAYMENTS.
SO THERE'S STILL FUNDING THAT WE'LL RECEIVE FROM THAT, IS IT? WHAT'S THAT? YEAH, THAT'S WHAT I THOUGHT IT WAS.
UM, MY LAST QUESTION IS, UM, IS THE, DOES THE MOST UP UPDATE UPTODATE STUDY REFLECT THAT WE DO NOT HAVE A NEED FOR 80% A MI PRODUCT? IS THAT ACCURATE? AS JUSTIN MENTIONED, IT SHOWS THAT WE HAVE A LARGE AMOUNT AT 80% AND WE NEED THE 30% AIS.
MAYBE MR. BROWN, NOT PUTTING WORDS IN YOUR MOUTH, BUT TO YOUR KNOWLEDGE, DO WE HAVE VACANCIES IN 80% A MI UNITS RIGHT NOW THAT ARE MEANINGFUL THAT YOU KNOW OF? YOU KNOW, AS SOON AS THE DEVELOPMENTS ARE BUILT, THEY'RE LEASED OUT.
I KNOW WE LEASED INDEPENDENCE IN JUST A COUPLE OF WEEKS.
SO WHAT THAT WOULD SUGGEST TO ME IS THAT THERE IS DEMAND FOR IT.
PERHAPS THE DEMAND WOULD RATHER NOT BE IN MCKINNEY.
PERHAPS WOULD RATHER BE IN FILL IN THE BLANK CITY.
BUT THEY COME HERE AND THEY DEAL WITH IT.
AND SO THAT IS A DEMAND ISSUE.
SO, AND WE HAVE HOW MANY 60% A MI UNITS COMING ONLINE RIGHT NOW? SIX PALLADIUM HAS 172.
I THOUGHT THERE'S MORE THAN THAT THOUGH.
IS, AND THEN, UH, LIKE WE HAVE MHA RECENTLY, WE HAVE SPX, WE HAVE THE ONE AT S OVER 600.
WE'VE GOT ABOUT A THOUSAND UNITS THAT ARE COMING ONLINE.
WHEN IT'S ALL SAID AND DONE, THEY'RE NOT ALL 60% THOUGH.
I THINK 60% JUST ISN'T LIKE 670 BETWEEN SPINX, THE ONE ON WILMOTH, PALLADIUM, AND MHA, IT, IT'S OVER 500 OF 60% UNITS THAT ARE COMING ONLINE.
IF I COULD JUST CLARIFY SOMETHING ON THE DEMAND, UH, THAT CRYSTAL TALKED ABOUT, AND HER OBSERVATION IS THAT WHETHER IT'S 80% A MI 60 30, THEY'RE GONNA LEASE OUT.
WE SEE THAT NO MATTER WHAT, BECAUSE WE'RE IN SUCH A FAST GROWING REGION, THERE IS DEMAND FOR HOUSING.
WE HAVE A HOUSING SHORTAGE, UH, NATIONWIDE.
FRANKLY, THAT'S WHY HOUSING PRICES ARE SO HIGH.
UH, IT'S A MATTER OF THE QUESTION, THE POLICY QUESTION FOR THE COUNCIL IS, WHERE DO YOU WANNA THROW YOUR SUBSIDY DOLLARS AND WHAT, WHAT IS GONNA GET YOU THE MOST BANG FOR THE BUCK? AND THAT'S WHAT YOU'RE CONTEMPLATING.
NOW I'LL LOOK AT IT FROM A DIFFERENT ASPECT, THE RFQ PROCESSES OUT THERE TO AVOID THE APPEARANCE OF IMPROPRIETY.
AND I LOOK AT THIS PROJECT AND IT APPEARS TO HAVE THE APPEARANCE OF IMPROPRIETY.
SO I WOULD PREFER THAT WE GO WITH THE POLICY THAT WAS SET BY OUR PREDECESSORS.
WHAT ELSE? NO, THIS IS AN ACTION ITEM THERE.
WELL, I'LL MAKE A MOTION THAT WE PUT THIS THROUGH THE RFQ.
IF I NEED TO WORD THAT SOME OTHER WAY, I'M HAPPY TO, I'LL SECOND DISCUSS YOUR VOTES.
THIS MOTION TO REQUIRE THE RFQ PROCESS.
[00:40:01]
YOU FOR LETTING ME ASK REQUEST.WHAT ELSE, SHARON? HAVE A BUTTON.
NOW I'M, I'M LOOKING AT IT AND IT SAYS, MOTION DENIED.
I'M SURE THE EFFECT OF MY YES OR NO VOTE.
YOU CHARLIE
[2024 Charter Commission Report]
WORK SESSION 2 4 1 8 0 8 20 24.UH, MAYOR PROTE, MEMBERS OF CITY COUNCIL.
I WAS, UH, PRIVILEGED TO SERVE AS ITS CHAIRMAN OF THE CHARTER COMMISSION, ESTABLISHED BY THE CITY COUNCIL IN MAY OF THIS YEAR.
AND THE AUDIENCE WILL HAVE A NUMBER OF COMMITTEE MEMBERS WITH US TODAY, INCLUDING VICE CHAIR, MARY AND RADLEY.
I APPRECIATE THEIR HARD WORK IN THIS PROCESS.
UH, TREVOR MINYARD, TREVOR WAS INSTRUMENTAL IN PROCESSING THE DATA THAT WE WERE GOING THROUGH.
UH, HE PROVED TO BE INVALUABLE.
PAUL GRIMES, UH, KIM PLUM ALSO, THANK YOU FOR YOUR HELP AS WELL, MS. DRAIN.
WE APPRECIATE YOUR EFFORTS ON OUR BEHALF AND THE CITY COUNCIL FOR PUTTING THIS COMMISSION TOGETHER WITH PLEASANTRIES BEHIND US.
WE'LL GO THROUGH, UM, THE REPORT.
WE DO HAVE SOME RECOMMENDATIONS FOR YOU.
AND THEN WE HAVE WHAT WE WOULD CALL ADVICE FOR YOU.
AGAIN, THE, UH, UM, COUNSEL ESTABLISHED THE COMMISSION IN MAY.
THIS IS THE SCHEDULE THAT WE, UH, DILIGENTLY STUCK WITH.
TODAY IS JULY 23RD, AND WE ARE HERE TO PRESENT OUR REPORT TO YOU.
THIS IS A QR CODE THAT WAS ESTABLISHED FOR THE PUBLIC AND ANYONE ELSE THAT WANTED TO FOLLOW THE PROCESS ALONG THIS WAS OUR CHARGE.
UM, OUR CHARGE WAS TO EVALUATE THE TERMS ADJUSTMENT TO TERMS CLARIFYING SERVICE AND PAUSE.
SOMETHING THAT DOES NEED TO BE POINTED OUT.
STAYING THE SAME WAS AN OPTION.
AND WE, WE TALKED ABOUT THAT EARLY ON IN THE PROCESS.
SO IF YOU SEE SOMETHING IN HERE THAT STAYED THE SAME, PLEASE KNOW THAT WE, WE TALKED ABOUT THAT AS A, AS A COMMISSION.
OKAY, LET'S GET TO THE FINDINGS.
THE FIRST ITEM THAT WE'LL COVER WOULD BE THE, UM, TERMS REPORT.
UH, THE COMMISSION DOES HAVE A RECOMMENDATION TO THE CITY COUNCIL, LET ME BACK UP.
SO WHEN WE GIVE A RECOMMENDATION OR ADVICE, WE DO HAVE THE DATA IN THE REPORT TO BACK UP HOW WE GOT TO WHERE WE ARE.
OKAY? AND THEN ALSO, IF YOU HAVE A NEED FOR MORE INFORMATION, WE HAVE THAT AS WELL.
MR. HAUSER, I FORGOT TO THANK YOU FOR YOUR REFERENCE AS WELL.
MARK WAS INSTRUMENTAL IN, IN OUR TECHNICAL PART OF, OF THE REPORT.
UM, BUT THERE IS MORE INFORMATION AVAILABLE IF YOU HAVE THAT NEED.
THE FIRST ITEM WOULD BE A RECOMMENDATION FROM THE COMMISSION, UH, TO MAINTAIN THE CURRENT LENGTH OF TERM FOR CITY COUNCIL MEMBERS IN THE MAYOR AT FOUR YEARS PER TERM.
THE NEXT RECOMMENDATION, UM, MAINTAIN THE ONE YEAR PAUSE PERIOD FOR CITY COUNCIL AND MAYOR, IF THERE'S A QUESTION, YOU CAN CERTAINLY STOP ME, BUT WE DO HAVE A SPOT AT THE END OF THE REPORT FOR QUESTIONS.
NEXT PAGE IS THE BACKUP THAT SHOWS HOW WE GOT TO, TO THE RECOMMENDATION.
IF YOU LOOK AT THE FAR RIGHT, THE POLL CODE SURVEY, WE HAD, UM, 21 OUT OF 21 RESPONDENTS, UH, LET ME, LET ME ONE OTHER PAUSE HERE.
WE HAD, UH, THE, THE CONVERSATIONS WE HAD IN OUR MEETINGS WERE VERY ENGAGING.
[00:45:01]
EVERYONE WAS PLUGGED IN, FOCUSED ON WHAT THE ASSIGNMENT WAS.SO GREAT JOB IN APPOINTING PEOPLE THAT TRULY CARE ABOUT WHAT WE'RE TALKING ABOUT.
WE HAD A, THERE'S A GREAT COMMISSION YOU'VE PUT TOGETHER.
SO THE LENGTH OF TERM, UM, WE HAD 20 RESPONDENTS SAYING, SICK WITH WHAT WE HAVE, AND ONE THAT, UH, PREFER TO, UH, GO TO A THREE YEAR TERM.
THE NEXT ITEM WOULD BE THE PAUSE PERIOD.
THIS IS THE AMOUNT OF TIME BETWEEN, UH, ONE'S ABILITY TO RUN FOR ANOTHER OFFICE.
IF YOU'RE IN THE COUNCIL SEAT AND YOU'RE RUNNING FOR MAYOR, YOU CAN GO TO THAT SEAT IMMEDIATELY.
UM, SO 14, UH, FOR THE PAUSE PERIOD AND, AND SIX WERE AGAINST IT.
UH, WE HAD 11 THAT WERE IN SUPPORT OF A ONE YEAR PAUSE, PERIOD, TWO AND SUPPORT OF A TWO YEAR, AND THEN SIX, NO PAUSE PERIOD.
THE NEXT QUESTION, UH, WE SPENT A LOT OF TIME ON THIS ITEM AND, AND, UM, AND MORE THAN ONE OF OUR MEETINGS DEALT WITH TERM LIMITS.
UH, THE QUESTION WAS, UH, PREFERENCE REGARDING TERM LIMITS FOR THE CITY COUNCIL AND MAYOR.
AS YOU CAN SEE THROUGHOUT THE PROCESS.
EARLY ON, WE WERE CLOSE IN THE MIDDLE, WE WERE CLOSE.
AND THEN AS WE ALL BECAME MORE KNOWLEDGEABLE ABOUT WHAT'S INVOLVED IN SERVING ON THE CITY COUNCIL AND SERVING AS A MAYOR, THINGS BEGIN TO CHANGE A LITTLE BIT.
UM, THEY CHANGE, BUT NOT IN A WAY ENOUGH FOR US TO SAY, THIS IS WHAT WE RECOMMEND YOU DO.
WE'RE GIVING YOU THIS BACKUP INFORMATION SO YOU CAN SEE WHERE WE'RE COMING FROM WHEN WE SAY WE'RE ADVISING THE COUNCIL.
SO BILL, THIS ONE IS SAYING, FOR INSTANCE, ON THE FAR RIGHT, 14, ARE FOUR HAVING TERM LIMITS, SEVEN ARE AGAINST HAVING TERM LIMITS.
IS THAT RIGHT? THAT'S CORRECT.
14 ARE FOUR TERM LIMITS AND THEN SEVEN WERE AGAINST.
AND THE 14, IT MIGHT BE 1, 2, 3, 4, 5 TERMS. IT'S JUST A NUMBER OF TERMS. ARE, ARE, ARE THERE, MAYBE IT WAS TWO, BUT CORRECT.
BUT SEVEN WERE FOR NO TERM LIMITS.
SO REGARDING THE NUMBER OF CONSECUTIVE TERMS, UH, THE COMMISSION AGAIN ADVISES THE CITY COUNCIL OF, OF THESE NUMBERS.
IF YOU'LL LOOK AGAIN, THINGS CHANGED AS WE ALL BECAME MORE KNOWLEDGEABLE AND SPENT TIME TALKING WITH EACH OTHER AND BREAKING INTO SMALL GROUPS.
WE SAW, WE SAW THE NUMBERS CHANGE.
AND AGAIN, WE HAD EXCELLENT PARTICIPATION IN, UM, IN OUR SURVEYS.
SO THE, UH, WE HAD EIGHT IN, IN THE LAST POLL, WHICH WAS, UM, AT OUR LAST MEETING, TWO TERMS. WE HAD THREE TERMS THAT HAD AT THE SUPPORT OF 11 PEOPLE AND GREATER THAN THREE IN THE SUPPORT OF TWO PEOPLE.
YOU KNOW, THAT DIDN'T WORK OUT.
WE ASKED MARK HOUSER TO ACT IT OUT.
SO REGARDING COUNSEL COMPOSITION AS IT RELATES TO THE NUMBER OF COUNCIL MEMBERS AND ALSO SINGLE MEMBER DISTRICTS ARE AT LARGE, UM, AGAIN, WE SPEND A LOT OF TIME TALKING THROUGH DIFFERENT SCENARIOS AND WE ARE RECOMMENDING THAT THE COUNCIL FURTHER ANALYZE WITH PEOPLE TRAINED IN AREAS SUCH AS REDISTRICTING AND REDRAWING LINES,
[00:50:01]
AND HOW MANY PEOPLE WOULD BEST SERVE A CITY THAT IS CURRENTLY AT 240,000 GROWING TO, BASED ON WHO YOU LISTEN TO, 400,000 PEOPLE.UM, WE HAD A LOT OF CONVERSATION REGARDING INFRAS.
UM, SEVEN VERSUS NINE VERSUS 11.
WE HAVE SOME GOOD DATA IN HERE FOR YOU.
THERE WAS GOOD CONVERSATION MOVING OUR NUMBERS TO NINE AND ALSO MOVING FROM, UM, ADDING AT LARGE TO ADDING SINGLE MEMBER DISTRICTS.
UH, SO IN, IN THIS INFORMATION HERE IS WHAT IT LOOKED LIKE SITTING IN THE ROOM AS WE TALKED THROUGH THE COMPOSITION.
UM, GOOD CONVERSATION TO TAKE IT TO NINE.
UH, WE HAD, UM, UH, MEMBERS OF THE COMMISSION THAT WERE, HAS SERVED AS MAYOR AND SERVED AS CITY COUNCIL AND SERVED IN OTHER ELECTED POSITIONS.
SO WE HAD A GOOD REPRESENTATION WHEN SOMEONE SAID, WHAT'S IT LIKE WHEN YOU'RE THERE? WE HAD PEOPLE THAT COULD SAY, I'VE BEEN IN THE ROOM, I KNOW WHAT IT'S LIKE.
AND THEY WERE ABLE TO PROVIDE GOOD INPUT FOR US.
OKAY, EMPER, UH, AGAIN, UH, THE NUMBER OF DISTRICTS AND THE COMPOSITION OF THOSE DISTRICTS, THIS IS SOME MORE DATA FOR YOU.
AGAIN, WE RECOMMEND THAT YOU, UM, WORK WITH THOSE THAT PERHAPS YOU'VE WORKED WITHIN THE PAST FOR REDISTRICTING.
UH, IT, IT'S BIGGER THAN SAYING LET'S ADD MORE COUNCIL MEMBERS.
'CAUSE THEN ALL OF A SUDDEN YOU REDRAW LINES AND YOU REDRAW BASED ON CENSUS.
AND WHAT IF IT'S NOT TIME FOR A CENSUS AND THE POPULATION WARRANTS A CHANGE.
SO THERE'S A LOT OF DATA LIKE THAT, THAT WE TALKED ABOUT.
SO WE TALKED ABOUT COMPENSATION OF CITY COUNCIL AND THE MAYOR.
UM, THE COMMISSION RECOMMENDS THAT THE COUNCIL LOOK AT A CHARTER AMENDMENT THAT WOULD INCREASE THE PAY OF THE MAYOR AND CITY COUNCIL.
OUR RECOMMENDATION IS GOING TO BE A THOUSAND DOLLARS PER MONTH FOR THE MAYOR AND SEVEN 50 A MONTH FOR COUNCIL MEMBERS.
ALONG WITH THAT, WE WOULD HAVE, UM, LANGUAGE, UM, THAT WOULD ADDRESS A REASONABLE CPI ADJUSTMENT.
UM, MR. HAUSER WOULD BE ABLE TO HELP US WITH THAT.
WE TALKED ABOUT HOW COUNSEL WOULD BE PAID.
WOULD IT BE A MONTHLY STIPEND? WOULD IT BE A A PER MEETING STIPEND? WE ENDED UP WITH A MONTHLY STIPEND.
SO THE NUMBERS THAT BACK UP ONE, IT PLEASE.
THE NUMBERS HERE, UM, CHANGED AFTER WE TOOK THE LAST POLL.
UM, FORMER MAYOR LOCK MILLER BROUGHT UP SOME GOOD POINTS ABOUT, UM, THE AMOUNT OF MONEY.
AND AGAIN, IT'S REALLY NOT ABOUT THE AMOUNT.
IT'S AN ACKNOWLEDGEMENT OF, OF PEOPLE THAT GIVE AND SERVE.
AND HE MADE A MOTION, UH, TO PAY THE MAYOR A THOUSAND DOLLARS PER MONTH.
AND CITY COUNCIL SEVEN 50, THAT MOTION CARRIED ENOUGH SUPPORT FOR US TO WARRANT IT BEING OUR RECOMMENDATION.
ERS AGAIN, BACKUP DATA FOR, UM, HOW, HOW YOU WOULD BE COMPENSATED OR HOW COUNCIL AND MAYOR WOULD BE COMPENSATED.
WE HAD A FEW OTHER ITEMS ON OUR LIST.
MISCELLANEOUS IN OUR REPORT IS WHAT WE CALL THEM.
THERE ARE VARIOUS GRAMMATICAL ERRORS AND NON-SUBSTANTIVE ERRORS IN THE CHARTER THAT, UH, WE'RE RECOMMENDING.
WE HAVE LANGUAGE IN THE, UM, ELECTION THAT ADDRESSES THOSE.
AND THEN ALSO ANY PROVISIONS OR PRACTICES THAT ARE NO LONGER EMPLOYED BY THE CITY OF MCKINNEY CLEANUP CLEANUP LANGUAGES, UH, HOW MR. HAUSER TITLED THAT.
OKAY, EMPRESS, AGAIN, THE TIMELINE THAT WE STARTED ON AND THE TIMELINE WHERE WE ARE TODAY.
TODAY'S JULY 23RD, UH, THE COMMITTEE HAS MET THEIR OBLIGATION PER YOUR REQUEST.
NOW DO WE HAVE ANY QUESTIONS OF MYSELF OR MR. HOUSER OR TREVOR? ANYONE HAVE QUESTIONS? I WOULD JUST SAY AS SOMEONE THAT OBSERVED IT AND DIDN'T STAY FOR ALL THE MEETINGS, I DIDN'T WANT TO, UM, DIDN'T WANT TO, UH, HAVE THE APPEARANCE OF ONCE IN, ON ANY OF THESE THINGS IN ANY DIRECTION.
BUT I WENT BACK AND WOULD WATCH THE
[00:55:01]
MEETINGS.UM, THERE WAS SOME SPIRITED DIALOGUE AND DEBATE AND, BUT, BUT GOOD.
THERE WAS A LOT OF, YOU KNOW, PEOPLE WERE, POSITIONS WERE CHALLENGED.
AND IT WAS INTERESTING TO WATCH THE EVOLUTION OF, OF MANY OF THE THINGS.
AND TO SEE PEOPLE TALKING ON EITHER SIDE OF THE TABLE THAT YOU WOULD NEVER SEE TOGETHER, UM, OR YOU WOULD BE SURPRISED TO SEE TOGETHER.
BUT THEY WORKED TOGETHER AND, AND, UH, AND RESPECTFULLY, IT WAS, IT WAS QUITE, QUITE INTERESTING.
AND, AND YOU DID A FANTASTIC JOB, BILL.
AND TREVOR, UM, YOU DID AS WELL.
SO THANK YOU FOR, FOR DOING THAT.
CAN WE HAVE ALL OF THE MEMBERS WHO SERVED ON THE CHARTER REVIEW, PLEASE STAND.
CAN Y'ALL PLEASE SHOW YOURSELVES FOR US AND LET US JUST APPRECIATE YOU.
I'VE, I'VE BEEN IN A PROCESS FOR A BOND REVIEW COMMITTEE AND I'VE SEEN THE LAST BOND REVIEW AND, UM, YOU KNOW, A COUPLE OF THESE COMMITTEES COME TOGETHER AND I WOULD SAY THIS WAS THE MOST, UM, IN DEPTH.
I'VE SEEN A GROUP OF PEOPLE REALLY DIG INTO NUMBERS AND DATA AND REALLY BRING SOME SUBSTANTIAL, UH, CONVERSATIONS, UH, TO THE, TO THE GROUP.
SO I JUST WANTED TO SAY THANK YOU AND I APPRECIATE YOU GUYS FOR SERVING.
HEY BILL, COULD YOU SEND ALL OF US A COPY OF YOUR PRESENTATION AND DIDN'T MAKE IT INTO OUR LITTLE YES, I WILL DO THAT.
WOULD YOU, WOULD YOU LIKE IT WORK? WOULD YOU LIKE IT SIGNED? WOULD YOU $25 EXTRA TO CHARLIE, MY FAVORITE COUNCILMAN.
HEY, UH, BILL, I WANT THANK YOU TOO.
YOU ARE, AND YOUR FAMILY ARE JUST MCKINNEY GREATS AND YOU JUST DID A WONDERFUL JOB TO ALL OF THOSE OF Y'ALL WHO SERVED ON THIS THING.
UM, YOU SERVED ON AS HARD OF A THING AS YOU COULD SERVE OTHER BEING UP HERE NECESSARILY AS FAR AS GETTING CHEWED ON AND BEING IN THE LIMELIGHT AND DEALING WITH ISSUES THAT ARE TRULY SUBJECTIVE, THAT HAVE A LOT OF DIFFERENT, VERY STRONG OPINIONS IN THEM.
AND I'M GONNA MAKE SOME REMARKS NOW ON, UH, YOU KNOW, THE, THE ONE THING THAT I HOPED WOULD COME OUT OF THIS AND IT DIDN'T, AND I BY AND LARGE KEPT MY MOUTH SHUT AS MUCH AS I COULD.
I WANT THERE TO BE A RECOMMENDATION THAT WE WOULD MOVE FROM SEVEN TO NINE.
IT'S BIG, IT'S GETTING BIGGER.
AND THERE IS SO MUCH THAT COMES PAST US.
AND THIS IS NOT OUR FULL-TIME JOBS, RIGHT? EVERYONE UP HERE HAS A FULL-TIME JOB AND THEN THEY HAVE THIS, AND, BUT WE'VE, WE'VE GOT A BIG RESPONSIBILITY UP HERE.
AND I, I, I THINK OUR OTHER COUNCILMAN WOULD AND WOMAN WOULD AGREE WITH THIS, THAT WE'RE BLESSED TO BE A PRETTY DIVERSE GROUP IN TERMS OF PROFESSIONAL STRENGTHS.
I AM SO GLAD THAT WE'VE GOT THIS MAYOR.
I'M SO GLAD THAT I HAVE JUSTIN WHO KNOWS SO MUCH ABOUT HOUSING.
I'M SO GLAD THAT I HAVE MICHAEL WHO KNOWS ABOUT WHAT DEALS ARE GOING ON, YOU KNOW, EVERYWHERE AND EVERYTHING, AND IS ABLE TO CONTRAST THAT STUFF FOR ME.
UM, YOU KNOW, JARRE WITH HER HEART FOR PEOPLE GOES WITHOUT SAYING, RICK, YOU KNOW, IF I, IF, IF THAT HELLIE EVER GOES, YOU'RE GONNA BE THE ONE WHO KNOWS THE MOST ABOUT EVERYTHING THAT EVER HAPPENED IN THIS CITY.
BUT THE THOUGHT OF ME HAVING TWO MORE OR US HAVING TWO MORE TO BE ABLE TO HELP WITH THAT IS REALLY, REALLY IMPORTANT.
NOW I'M GONNA MAKE AN EDITORIAL COMMENT TO ON THIS, AND I'M SORRY YOU'RE STANDING UP HERE LISTENING TO THIS BILL.
ONE OF THE THINGS I THINK IS REALLY GREAT ABOUT MCKINNEY IS THAT EVERY PERSON WHO LIVES IN THIS CITY HAS A MAJORITY OF THE COUNCIL REPRESENTING THEM.
YOU LIVE IN A DISTRICT, BETTY, YOU LIVE IN DISTRICT THREE, YOU RAISES YOUR COUNCILWOMAN, BUT YOU'VE GOT BOTH THAT LARGE AND THE MAYOR, THAT'S FOUR.
SO THERE'S THREE WHO DON'T REPRESENT YOU, BUT THERE'S FOUR WHO DO.
NOW AS WE MOVE FORWARD IN THIS, AND I'M JUST OWNING THIS AS TO WAY I THINK, AND Y'ALL COULD FEEL FREE TO DISAGREE WITH ME 'CAUSE THERE'S, THIS IS SUBJECTIVE AND I GET IT.
IF YOU MADE THE PERFECT WORLD FOR PATRICK, I'D LIKE TO ADD TWO, ONE MORE DISTRICT, ONE MORE AT LARGE.
NOT EVERYBODY AGREES WITH THAT, BUT I WANT THE MAJORITY COUNCIL TO BE ABLE REPRESENT EVERY INDIVIDUAL.
WE'VE GOT SOME REAL DIFFERENT NEEDS IN THE CITY.
AND PEOPLE SAY TO ME, WELL, YOU'RE IN A GROWING CITY.
BUT I'M ALSO IN A MATURE CITY.
WHAT GROWING CITIES HAVE CLAY PIPES THAT ARE A HUNDRED SOMETHING YEARS OLD UNDERGROUND THAT WE HAVE IN THE HISTORIC DISTRICT.
AND THE HISTORIC DISTRICTS ARE JEWEL.
[01:00:01]
ARE GONNA HAVE TO TALK ABOUT THIS AND I'M ANXIOUS TO HEAR FROM ANY OF YOU, UM, AS, AS WE MOVE FORWARD ON THIS.BUT I WANNA GO OVER ONE OTHER POINT THAT'S KIND OF A LITTLE BIT OF A CIRCLE OF HEALTH, OR I'M JUST GONNA SAY FOR ME, MAYBE NOBODY ELSE THINKS IT UP HERE.
LAST SPRING WHEN WE WERE ADJUDICATING THIS, THERE WAS A LOT OF TALK ABOUT DO NOT HAVE THIS ELECTION IN MAY HAVE IT NOVEMBER.
PEOPLE DON'T SHOW UP AND VOTE IN MAY.
IS THAT TRUE? NUMBERS RING OUT.
I MEAN, NOT NOBODY, BUT MOST PEOPLE WILL.
THE, THE MAJORITY OF THE HIGH ATTENDED ELECTIONS OR NOVEMBER ELECTIONS, THE HIGH ATTENDED NOVEMBER ELECTIONS ARE PRESIDENTIAL ELECTIONS.
WE GOT ONE THIS YEAR, OUR NEXT BITE AT THE APPLES IN FOUR YEARS.
UH, BUT THEN I HAD A CONSTITUENT WHO EMAILED ME, AND SHE WAS VERY THOUGHTFUL.
SHE SAID, PATRICK, THE COST OF A NOVEMBER ELECTION IS GENERALLY A LOT HIGHER THAN A MAY ELECTION BECAUSE THE NUMBER OF POLLING PLACES AND THE WAY THE COUNTY CALCULATES IT, I THINK BY AND LARGE SHE'S RIGHT.
SO, WHICH CIRCLE OF HELL DO I WANNA LIVE IN? THE ONE WORD, NOT TOO MANY PEOPLE COME OUT AND VOTE, OR THE ONE THAT'S MORE EXPENSIVE.
CHANCES OF ME GETTING CRITICIZED EITHER WAY ARE ABOUT A HUNDRED PERCENT OKAY.
THAT, BUT THAT COMES WITH THE JOB, RIGHT? THAT'S FINE.
BUT I JUST WANT EVERYONE TO UNDERSTAND THAT.
AND THERE ARE SOME THINGS ON HERE THAT I THINK ARE IMPORTANT ENOUGH TO MAKE SURE THAT WE INVITE EVERYBODY TO COME OUT AND VOTE.
AND EVERYBODY OF COURSE IS INVITED.
BUT THAT WE, WE, WE TABLE IT, WE MAKE IT SO THAT WE GET THE HIGHEST POTENTIAL TURNOUT.
BUT THERE'S SOME THINGS ON HERE I THINK WE NEED MORE TIME TO TALK ABOUT AND FIGURE OUT.
SO IT MAY BE TWO ELECTIONS AS WE MOVE DOWN THERE.
AND THAT'S KIND OF WHERE MY HEAD IS RIGHT NOW, THAT WE LOOK AT THIS THING OVER TIME.
I ALSO WANNA SAY THIS, AND I'LL SAY THIS, THE LAST THING, MR. BROWN, I'M TALKING TOO LONG, BUT I WANNA SAY ONE LAST THING.
IN A PERFECT WORLD, THIS CITY COUNCIL WOULD'VE GIVEN THIS COMMISSION A LOT MORE TIME BEFORE THE ELECTION TO DO THIS.
WE DO NOT LIVE IN THAT PERFECT WORLD.
I'D LOVE TO SEE THE CITY HAVE A HABIT OF REVIEWING THIS CHARTER EVERY 10 YEARS AND GIVING THE NEXT COMMISSION A LOT MORE TIME TO CHEW ON THIS WITH A LOT MORE STAFF SUPPORT.
UH, BUT THAT'S THE WAY THIS ONE WENT DOWN.
I'M GONNA MAKE A FEW COMMENTS.
UM, FIRST, THOUGH, EMPRESS, I KNOW IT, IT, IT COSTS MORE, BUT I UNDERSTAND IT'S NOT A BIG DIFFERENCE IN COST BETWEEN NOVEMBER AND MAY.
IS THAT ACCURATE? WHAT'S THAT? OR IF YOU SAY IT, I'LL REPEAT IT SO YOU DON'T HAVE TO GO UP THERE.
THERE'S NOT A SIGNIFICANT, YEAH, THERE'S NOT, I DIDN'T THINK SO.
IT'S NOT A, BECAUSE I DIDN'T KNOW THAT EITHER.
UM, IT'S, IT'S ACTUALLY I WAS WRONG.
YEAH, IT'S A, WELL, I, I THOUGHT THE SAME THING UNTIL TODAY.
UM, 'CAUSE THAT WAS AN IMPORTANT THING TO UNDERSTAND.
IT'S A LITTLE BIT MORE, I THINK, I THINK THE DIFFERENCE IS BECAUSE I, BECAUSE WHEN I, WHEN I STARTED, WHEN I HEARD THAT, AND AGAIN, I BELIEVED IT 'CAUSE IT SOUNDED REASONABLE AS, AS, UH, AS IT DID, I'M SURE TO YOU.
UM, I WAS A LITTLE BOTHERED BY MYSELF IN THAT.
I'M THE ONE WHO, WHO SUGGESTED IN MAY, I, I SAID MY EXACT WORDS, I THINK WERE, WE HAVE MORE IMPORTANT THINGS TO DEAL WITH RIGHT THEN.
AND IF WE'RE GOING TO TALK ABOUT, UH, CHARTER CHANGE, IT SHOULD BE WHERE WE HAVE GREATEST TURNOUT IN THE CITY.
UM, BUT THEN I REALIZED JUST, UM, YOU KNOW, WITHIN THE HOUR THAT, UH, IT ACTUALLY IS A VERY, IT'S A MINERAL DIFFERENCE.
SO I, I BELIEVE FIRMLY THAT IT SHOULD BE.
AND I'M ALSO GONNA GO AHEAD AND STATE MY POSITION ON SOMETHING BECAUSE I'M GONNA GET ATTACKED FOR IT ANYWAY.
UM, THERE'S A NUMBER OF PEOPLE, SOME IN THIS ROOM THAT HAVE DESPERATELY TRIED TO MAKE THIS ABOUT ME, THAT I'M DRIVING THIS.
I'D ASKED FOR IT TO BE PUT ON THE, ON THE AGENDA OR ANYTHING.
I HAVE, I HAVE, AT THIS POINT, THE LAST THING I'M THINKING ABOUT IS RUNNING AGAIN.
I'VE, I'VE DONE SEVEN YEARS AND, AND IT'S BEEN, UM, I'VE BEEN THROUGH A PANDEMIC GEORGE FLOYD RECESSION.
UM, A A COUNCIL DISRUPTION IN MIDTERM.
UM, IT'S A WHOLE LOT AT THE SAME TIME.
AND ANY NEGATIVES, THEN THERE'S SOME NEGATIVES ON TOP OF THAT.
BUT WE'VE ACCOMPLISHED A HECK OF A LOT, UM, DESPITE WHAT SOME MIGHT SAY.
UM, AND I FIRST THOUGHT THAT I WOULD, UH, I WOULD ABSTAIN BECAUSE PEOPLE WOULD, UM, THINK THAT MY VOTE WAS SELF-SERVING.
BUT I'M NOT, I'M NOT ABLE TO DO THAT.
BY THE WAY, I AM BUILT AS, I WON'T BE HYPOCRITICAL.
I'M GONNA SAY WHAT I THINK AND I KNOW WHAT MY MOTIVATION IS.
AND I'LL LET ALL THE KEYBOARD WARRIORS ASSERT WHAT MY MOTIVATION IS, AND THEY'LL BE, AND THEY'LL BE WRONG.
UM, 'CAUSE THEY DON'T KNOW ME.
BUT I HAPPEN TO, UM, I WILL BE, UH, UH, I HAVE MY WHOLE LIFE BEEN AGAINST TERM LIMITS.
MY REASONING IS, I, YOU KNOW, WE TALKED ABOUT THERE WAS NO TERM LIMITS IN THIS CITY UNTIL 2006 AND 2,400 PEOPLE CAME OUT TO VOTE, TALK ABOUT A SMALL ELECTION TO CHANGE IT.
WHY DON'T I BELIEVE IN TERM LIMITS? I THINK ESPECIALLY ON THE LOCAL LEVEL, WE HAVE THE ABILITY TO DETERMINE
[01:05:01]
TERMS AT THE BALLOT BOX.UM, IT'S, IT'S, I, THE, THE IDEA, AGAIN, TAKE ME OUT OF IT.
IF I'M SITTING HERE IN MCKINNEY IN SEVEN YEARS, AND THEY'RE SOMEBODY THAT HAS BEEN MAYOR FOR THE PREVIOUS EIGHT, THAT I THINK IS THE ABSOLUTE BEST.
AND I ONLY KNOW THAT ONCE FILING ENDS.
BUT IF I THINK, UM, THEY'RE THE ABSOLUTE BEST.
THE IDEA THAT 2,400 PEOPLE THAT CAME OUT TO VOTE IN 2006 TOOK AWAY MY RIGHT TO VOTE FOR WHO I THINK IS THE BEST, BUT BECAUSE OF SOME ARBITRARY NUMBER FOR ME, THAT'S, THAT'S, I DON'T BELIEVE IN THAT.
I BELIEVE THAT WE HAVE THE ABILITY AT THE BALLOT BOX.
WE'VE PROVEN THAT IN THIS CITY, WE, THERE'S A COUNCIL MEMBER REMOVED IN MIDTERM, WE HAVE TO WAIT FOR ELECTION.
UM, THAT'S THE POWER OF LOCAL ELECTIONS.
AND ALSO SAY, JUST FOR THE RECORD, 'CAUSE I I, I'VE HEARD THIS A NUMBER OF TIMES FROM PEOPLE, SOME IN THIS ROOM, OUR FOUNDING FATHERS, OUR FOUNDING FATHERS, ACTUALLY OUR FOUNDING FATHERS, THERE WERE NO TERM LIMITS.
JUST FYI, UH, TERM LIMITS, UH, WERE INTRODUCED FOR THE PRESIDENT IN, IN 1951, I BELIEVE, 22ND AMENDMENT AFTER ROOSEVELT SERVED FOUR TERMS. AND THE REASON WHY THEY DECIDED THAT IT WOULD BE GOOD TO, UH, IMPOSE TERM LIMITS FOR THE PRESIDENT WAS THAT HE HAS AN INDIVIDUAL, HAS AN EXECUTIVE POWER.
NO ONE, I DON'T HAVE EXECUTIVE POWER.
I HAVE, WE ARE A LEGISLATIVE BODY.
BUT THEY, THEY DETERMINED THAT BECAUSE AT THE TIME, THERE WAS TOTALITARIAN REGIMES EMERGING IN EUROPE AND ASIA.
AND, UH, AND SO THE 22ND AMENDMENT WAS PROPOSED AND PASSED IN 51, I BELIEVE IT WAS AFTER THE PRESENT.
SO JUST, IF YOU'RE GONNA COME UP AND TALK ABOUT WHAT OUR FOUNDING FATHERS DID OR DIDN'T DO, OR WANTED OR NOT WANTED, WOULD BE IMPORTANT TO UNDERSTAND THAT FACT.
UM, BUT I, I GUESS, SO I'M GIVING ALL MY HATERS A HEADSTART TO KNOW THAT, THAT THEY WILL SAY WHAT THEY WANT.
I WILL TELL YOU THAT I WILL, I WILL VOICE MY OPINION BECAUSE I BELIEVE I SHOULD, AND I SHOULDN'T COWARD DOWN TO WHAT I THINK, UM, SOMEBODY WILL TRY TO, UH, MAKE THIS ABOUT OR IMPLY IT'S ABOUT OR ANY OF THAT.
I'LL LEAVE ALL THAT, UH, ALL THAT NONSENSICAL, YOU KNOW, STUFF FOR THE ECHO CHAMBERS TO LIVE THERE.
AND I'M GOING TO ALWAYS SPEAK AS I'VE PROVEN, I THINK MY MIND WILL APPEAR FOR WHAT I, WHAT I BELIEVE IS THE RIGHT, WHAT I, WHAT I THINK IS THE RIGHT DECISION.
SO JUST WANNA GIVE EVERYONE A HEAD START.
THERE'S A COUPLE OF 'EM IN THIS ROOM.
YOU'RE ACTUALLY A PASSIONATE GUY.
I DON'T ALWAYS AGREE WITH YOU, BUT I DO APPRECIATE THE FACT THAT YOU GET OUT THERE AND, AND, AND TALK, UM, MOST OF THE TIME.
ANYONE ELSE WANNA MAKE A COMMENT? THANK YOU, BILL.
AGAIN, THANK, THANK YOU, BILL.
I APPRECIATE IT HOW YOU HANDLED ALL THOSE DIFFERENT PERSONALITIES AND DIFFERENT VIEWS AND, UH, AND GOT THEM TO, TO ENGAGE WITH ONE ANOTHER.
AND THEN THE SMALL GROUPS WHERE YOU, I, I NOTICED THAT THERE WAS WITHIN EACH SMALL GROUP, VERY CHALLENGED, YOU KNOW, IDEAS BACK AND FORTH.
GREAT JOB AND GREAT JOB TO EVERYONE THAT PARTICIPATED.
I I WAS ONE OF THE COUNCIL MEMBERS THAT BROUGHT THIS, UM, KIND OF MOTION FORWARD TO INVESTIGATE A FEW OF THESE THINGS.
AND AGAIN, I APPRECIATE ALL OF THE DISCUSSION THAT'S BEEN HAD, BUT I, I CAN'T, I STILL STAND BY MY STATEMENT, UM, BECAUSE I'VE HAD A LOT OF PEOPLE, UH, APPROACH ME AND, AND IN OPPOSITION AND SEVERAL IN FAVOR OF EXTENDING THE TERMS. UM, AND EITHER WAY, WE SERVE AT THE PLEASURE OF OUR RESIDENTS.
AND SO I THINK THIS IS A GREAT OPPORTUNITY TO JUST SIMPLY ASK A QUESTION ABOUT WHAT OUR RESIDENTS NOW PREFER, BECAUSE IT'S BEEN A LONG TIME AND WE'VE GROWN SO MUCH AS A COMMUNITY.
AND I DO BELIEVE HEARING EVERY VOICE, UH, AS THAT WE POSSIBLY CAN.
AND THERE'S NO BETTER TIME TO HEAR AS MANY VOICES AS WE CAN THAN THIS NOVEMBER ELECTION.
SO I ACTUALLY LOOK FORWARD TO THAT.
IF IT'S, WE KEEP EVERYTHING THE SAME, I AM COMPLETELY OKAY WITH THAT.
AND IF IT IS AN EXTENSION, I AM COMPLETELY OKAY WITH THAT.
I RESPECT THE VOICE OF THE VOTERS.
AND SO I AM STILL IN FAVOR OF, OF BRINGING THAT RECOMMENDATION FORWARD.
AND I WOULD LIKE TO SAY THIS, UH, AGAIN, UH, WE DO, I DO HEAR A LOT OF, UH, WE SHOULD KEEP EVERYTHING THE SAME.
AND THEN ON THE FLIP SIDE, I HEAR WE SHOULD HAVE TERM LIMITS.
THOSE ARE TWO OPPOSITE STATEMENTS, IF YOU REALLY UNDERSTAND OUR CHARTER, BECAUSE AS IT IS RIGHT NOW, WE ARE OPEN TO DO PRETTY MUCH ANYTHING WE WANT TO DO AS FAR AS RUNNING.
AND, AND THERE'S BEEN A COMMENT BY A LADY ONLINE THAT SAID, UH, I DON'T KNOW WHAT I'M TALKING ABOUT, EVEN THOUGH I GET ALL THE INFORMATION, BECAUSE THEY'VE, YOU KNOW, YOU POST ON THERE, YOU GET TWO CONSECUTIVE TERMS AS COUNCILMAN AND TWO CONSECUTIVE TERMS AS MAYOR, THE WORD CONSECUTIVE.
SO I CAN SERVE ONE TERM AS AN AT LARGE.
I CAN SERVE MAYOR TWO CONSECUTIVE TERMS, AND I CAN COME BACK.
I'VE NEVER SERVED A CONSE, I'VE NEVER SERVED TWO CONSECUTIVE
[01:10:01]
TERMS AS A AT LARGE MEMBER, RIGHT? SO I COME BACK AND DO THAT.AND THEN TWO CONSECUTIVE TERMS. THERE IS NO LANGUAGE IN THERE THAT SAYS THERE'S A LIMIT STOP.
SO WHEN WE COME IN HERE, AND THEN, AND, AND MY WHOLE GOAL WAS WHEN I SAID THAT I WAS FOR AN EXTENDED TERM LIMIT, I WAS THINKING THAT WE PUT SOME BARRIERS AROUND IT, SOME CLEANUP ITEMS, UM, AS WAS MENTIONED BY, UH, UH, MR. COX OF YOU SERVED THREE TERMS, AND THEN YOU KIND OF, YOU'RE KIND OF DONE.
UM, SO TO DO NOTHING IS TO KEEP EVERYTHING THE SAME, WHICH I, DR.
FINE, KEEP IT THE SAME, BUT DON'T SAY KEEPING IT THE SAME STOPS, YOU KNOW, OR, OR LIMITS, YOU KNOW, YOUR, YOUR TERM ON COUNCIL, BECAUSE IT DOESN'T, WE WERE TRYING OR ARE TRYING TO PUT SOME BARRIERS AROUND THAT.
SO I JUST WANNA MAKE THAT CLEAR FOR EVERYBODY OUT THERE.
WHEN YOU GO OUT THERE AND YOU, YOU KNOW, WITH, WITH THE TWIDDLE FINGERS AND SAY THAT WE'RE GONNA, YOU KNOW, WE'RE GONNA, WE'RE GONNA STOP THIS.
WE'RE GONNA KEEP EVERYTHING THE SAME.
WE ARE NOW GOING TO MOVE TO EXECUTIVE SESSION.
[Consider/Discuss/Receive a Presentation from M2G Ventures, LLC Regarding an Updated Development Plan for the Downtown Redevelopment Initiative]
ITEM.UH, I RECEIVE PRESENTATION FROM M TWO G AND THEY'VE BEEN ON HOLD THIS WHOLE TIME,
IS THAT ACCURATE? YOU GUYS THERE? YES, WE'RE HERE.
WHO'S PING THE LONG DISTANCE ON THIS CALL? UH, YEAH.
CONSIDER RECEIVE PRESENTATION FROM M TWO G VENTURES, LLC REGARDING UPDATED DEVELOPMENT PLAN FOR THE DOWNTOWN REDEVELOPMENT INITIATIVE.
I'M THE EXECUTIVE DIRECTOR OF DEVELOPMENT SERVICES.
THANK YOU FOR NOT PASSING OVER THIS ITEM.
I'M VERY EXCITED TO INTRODUCE IT.
UM, IT'S BEEN ALMOST THREE MONTHS SINCE, UH, M TWO G OR THE CITY PROVIDED AN UPDATE ON THE DOWNTOWN REDEVELOPMENT INITIATIVE.
SO I'M EXCITED TO SAY THAT M TWO G AND THEIR TEAM IS HERE TO GIVE YOU AN UPDATE.
UH, SINCE APRIL WHEN THE LAST UPDATE WAS PROVIDED, CITY STAFF AND THE M TWO G UH, TEAM HAS BEEN WORKING CLOSELY.
WHEN I SAY CLOSELY EVERY WEEK, WE'RE TOUCHING BASE ON THIS PROJECT.
SO WHILE THE PUBLIC HASN'T SEEN A LOT OF MOMENTUM OVER THE LAST THREE MONTHS, A LOT OF MOMENTUM HAS BEEN MADE.
AND SO WITH THAT, UH, I'M GONNA KICK IT OVER TO AMY, UH, TO TAKE US HOME.
ONE THING THAT I WILL, UH, MENTION IS THE M TWO G PRESENTATION GIVES YOU AN UPDATE ON THE PROPOSED DEVELOPMENT PROGRAM, BUT ALSO ASK THE COUNCIL FOR A LITTLE BIT OF CONSENSUS AT THE END.
SO WITH THAT, TURN IT OVER TO AMY.
AND THEN THIS IS, I JUST WANNA MAKE SURE I DO THIS RIGHT.
GOOD AFTERNOON, MAYOR AND CITY COUNCIL MEMBERS.
THANK YOU FOR THE OPPORTUNITY TO PRESENT THE CURRENT PROPOSED PROGRAM FOR THE EXPANSION OF HISTORIC DOWNTOWN MCKINNEY.
UM, MY CO-PRESENTER, REGRETFULLY COULD NOT BE HERE WITH ME TODAY.
JESSICA, THE CO-FOUNDER OF MTG.
SHE, UM, IS, SHE HAS COVID, SO YOU PROBABLY ALREADY HEARD HER ON THE PHONE, SO IF YOU HEAR A MYSTERIOUS VOICE, THAT'S A, THAT'S JESSICA
UM, LAST TIME THAT WE WERE IN FRONT OF COUNCIL, WE WERE ACTIVELY PURSUING THIS INCREDIBLE OPPORTUNITY AND WE SHARED OUR EXPERTISE AND OUR APPROACH TO THE EXTENSION OF THE, THE SQUARE.
UM, WE WERE SUBSEQUENTLY SELECTED, UH, TO CONTINUE WORKING WITH THE CITY TOWARDS A COLLECTIVE VISION AND A TERM SHEET.
AND SO WITH THAT, I WANNA REMIND EVERYONE KIND OF THE MISSION AT HAND.
UH, THE OPPORTUNITY IS THE CITY SERVICES WILL BE MOVING TO THE NEW CITY HALL COMPLEX IN EARLY 2025, LEAVING MATERIAL VACANCY IN THE PRIME LOCATION OF DOWNTOWN MCKINNEY.
IT IS EXTREMELY IMPORTANT THAT THE REDEVELOPMENT OF 4.75 ACRES SERVES AS A CATALYST BREWING OTHER DEVELOPMENT IN THE AREA.
OUR MISSION IS TO DELIVER A LEGACY DEVELOPMENT THAT EMBODIES THE SAME SPIRIT AND SOUL THAT EXISTS TODAY THROUGH A MIX OF COMPLIMENTARY USES, DESIGNED TO ATTRACT A CRITICAL MASS OF PATRONS.
AND WE WILL EXPAND HISTORIC DOWNTOWN, BOTH EXPERIENTIALLY AND ECONOMICALLY.
SO THE SOLUTION THAT WE, UH, PART OF THE SOLUTION THAT WE WILL PRESENT TODAY IS CONTAINED IN THIS DECK.
IT IS THE PRELIMINARY PROGRAM FORMED FROM, UM, YOU KNOW, ALL THE ITERATIONS OF US WORKING WITH THE CITY AND COMMUNITY FEEDBACK.
WE'VE DONE EXTENSIVE RESEARCH, UM, ON THE MARKET CONDITIONS.
UM, WE USED OUR DEVELOPER EXPERTISE, AND TOGETHER WE HAVE CONCEPTUALIZED A DYNAMIC DISTRICT THAT WILL SERVE DOWNTOWN AREA FOR YEARS TO COME.
SO WHAT YOU'LL, WHAT I'LL GO THROUGH TODAY IS KIND OF WALK YOU THROUGH THE ITERATIONS AND, UM, OF, OF SEVERAL PLANS.
ACTUALLY, THERE'S THREE OF 'EM.
SO YOU'LL SEE THE ORIGINAL DEVELOPMENT PROGRAM THAT WE STARTED WITH THE VERY BEGINNING.
UM, WE ITERATED WITH COUNCIL AND COMMUNITY FEEDBACK.
WE HAVE A PROGRAM THAT WE ARE PRESENTING AS THE CURRENT PROGRAM TODAY.
AND THEN THE THIRD, THE THIRD ONE IS AN ALTERNATE PROGRAM BASED ON ADDITIONAL FEEDBACK FROM STAFF AND COUNCIL.
SO THEY'LL START TO LOOK THE SAME, BUT I'LL HIGHLIGHT WHAT'S DIFFERENT.
SO YOU'LL SEE THREE DIFFERENT PLANS, BUT WITH SLIGHT TWEAKS TO EACH ONE.
AND THEN, UM, WE'LL GO OVER KIND OF THE LONG-TERM
[01:15:01]
BENEFITS OF, OF WHAT IT PROVIDES THE CITY AND COMMUNITY.AND, UM, AS MICHAEL MENTIONED, JUST, YOU KNOW, THIS, WE'RE SEEKING CONSENSUS ON THE PROGRAM SO WE CAN MOVE FORWARD ON FINANCIAL ANALYSIS.
AND, UM, I'LL RECAP WITH NEXT STEPS.
SO WHERE WE ARE TODAY, UH, WE'VE DONE EXTENSIVE DUE DILIGENCE.
UH, WE'VE DONE A SITE INVESTIGATION REPORT.
WE'VE WORKED ON GUIDING PRINCIPLES THAT WE'LL RECAP AT THE END HERE WITH, UM, STAFF.
WE'VE MET WITH, UH, CITY STAKEHOLDERS.
UH, WE'VE, UM, AS I MENTIONED, DONE MULTIPLE PROGRAM STUDIES AND THE FEASIBILITY OF THOSE STUDIES.
WE'VE DONE INITIAL UNDERWRITING.
AND WHERE WE ARE TODAY IS WE'RE CURRENTLY ITERATING WORKING WITH CITY CONSULTANTS ON THE FINANCIAL FEASIBILITY.
WE'RE DISCUSSING THE, UH, THE CURRENT MARKET CONDITIONS FOR THE CAPITAL MARKETS AND HOW WE CAN FINANCE THE PROJECT AND REVIEWING DIFFERENT PHASING OPTIONS.
SO, SO THE ORIGINAL PROGRAM STARTED WITH, YOU KNOW, AN OVERVIEW OF THE SITE.
SO WHAT THIS TELLS US IS KIND OF WHAT THE PRIMARY RETAIL CORRIDORS ARE.
UH, PRIMARY PEDESTRIAN CORRIDORS, AS WELL AS, UH, VEHICULAR TRAFFIC.
AND AS YOU CAN SEE, UNPACK BUILDING AND THE PINK DOWN AT THE BOTTOM.
YOU'VE GOT THE PRIMARY RETAIL CORRIDORS RUNNING EAST, WEST, YOU'VE GOT SECONDARY, UH, RETAIL CORRIDORS GOING NORTH SOUTH.
AND WHAT, WHAT, WHAT YOU CAN GLEAN FROM THIS IS THERE IS CLEARLY AN OPPORTUNITY TO EXTEND THE SQUARE FROM THIS FOUR, THESE 4.75 ACRES.
BUT IT IS IMPORTANT FOR US TO CREATE A GRAVITATIONAL PULL NORTH AS EVERYTHING HAS GROWN EAST WEST.
UM, WE WANNA MAKE SURE WE HAVE ENOUGH CRITICAL MASS, UM, NORTH OF THE SQUARE TO CREATE ANOTHER, YOU KNOW, AN EXTENSION OF A DYNAMIC DISTRICT, UM, AS WELL AS THE VOID THAT IT'LL CREATE WHEN, UM, CITY SERVICES, UH, VACATES.
SO THIS IS THE ORIGINAL SITE PLAN.
I WOULD SAY WE, WE STARTED THIS ONE KIND OF USING OUR BEST PRACTICES IN TERMS OF DENSITY AND THE RIGHT AMOUNT OF CRITICAL MASS, UH, FOR A PROJECT LIKE THIS TO TRULY CREATE, UM, A GRAVITATIONAL PULL.
WHAT WE DO, WHAT WE DO KNOW, IS THAT WE NEEDED MORE OPTIONS DOWNTOWN.
WE NEED MORE BODIES TO SUPPORT THOSE OPTIONS.
WE NEED PARKING EASY TO FIND AND ACCESSIBLE.
UH, WE'D IDEALLY WITH THIS MIX OF USES, ATTRACT AN OFFICE USER OPPORTUNITY.
AND WITH THE CONVERGENCE OF ALL THESE USES TIED TOGETHER, WE COULD, UM, YOU KNOW, WORK IN PEDESTRIAN, UH, MORE PEDESTRIAN OPPORTUNITIES AND PLAZAS AND LANDSCAPING.
AND THAT WOULD TRULY CREATE A DYNAMIC DISTRICT ALL WITHIN FIVE MINUTE WALKING DISTANCE FROM WHAT, WHAT IMPACT BUILDING, BASICALLY, I'M NOT GONNA GO THROUGH THE DETAILS HERE, 'CAUSE AGAIN, THIS IS THE, THE ORIGINAL PLAN.
UM, BUT I THINK THE MAIN TAKEAWAY IS THIS IS PROPOSING 299 UNITS, SO WE COULD HAVE SIGNIFICANT BODIES, UM, NORTH OF THE SQUARE TO SUPPORT ALL THE RETAIL.
THIS IS A 3D VIEW OF THE SAME PLAN, UH, JUST KIND OF GIVES YOU A HIGH LEVEL.
ONE THING THAT I DO WANNA POINT OUT IS THERE, WELL, WHAT YOU CAN SEE IS ON THE 4.75 ACRES, THERE'S CLEARLY AN OPPORTUNITY TO DEVELOP A MEANINGFUL MIXED USE DEVELOPMENT.
SO A A LOT ACTUALLY FITS ON THERE.
UM, ANOTHER THING THAT YOU'LL SEE IS WE DO, WE DO NOT CONTROL THE, OR THE LIBRARY SITE IS ALREADY ESTABLISHED, BUT THERE'S KIND OF A VOID THERE.
SO IF AS WE CAN INTEGRATE, UH, THE LIBRARY PLAZA AND PROGRAM IT, WE CAN REALLY TRULY CREATE, UH, A NICE DISTRICT KIND OF RIGHT THERE, ALMOST LIKE A SECOND CENTER TO THE SQUARE.
UM, AFTER PRESENTING THAT INITIAL, UM, ITERATION, WE MET WITH, UM, COUNCIL MEMBERS INDIVIDUALLY.
WE MET WITH COMMUNITY, WE SOLICITED FEEDBACK VIA SURVEYS AND ASKED THE COMMUNITY TO GIVE US THEIR FEEDBACK.
SO THERE, THESE ARE THE MAIN THEMES THAT WE, UM, GLEANED FROM ALL THAT FEEDBACK.
UH, AND I'LL JUST, I'LL JUST READ THEM OFF FROM LEFT TO RIGHT.
SO, PARKING, UH, WE'VE HEARD MULTIPLE, UH, COMMENTS RELATED TO PARKING.
EITHER THERE'S NOT ENOUGH PARKING.
SOMETIMES WE'VE HEARD THERE'S MORE THAN ENOUGH PARKING, BUT I THINK THAT THE MAIN TAKEAWAY IS THAT WE NEED TO IMPROVE THE PERCEPTION OF PARKING DOWNTOWN.
IT NEEDS TO BE ACCESSIBLE, VISIBLE, AND, AND JUST PEOPLE KNOW IT'S THERE AND EASY TO, EASY TO GET TO.
SO THE WAY WE'VE, UH, APPROACHED THAT IS WE INTEGRATED A PARKING STRUCTURE INTO THE OVERALL DEVELOPMENT, UH, THAT'LL HAVE IMPROVED WAY FINDING AND ADDITIONAL, UH, POTENTIAL FOR FUTURE EXPANSION.
AND WE ADDED PUBLIC PARKING, UM, IN THE ACTUAL MULTIFAMILY STRUCTURE GARAGE, AS WELL AS SURF SURFACE PARKING THROUGHOUT.
UM, SECONDLY, WE HEARD THAT DENSITY WAS, UM, I'LL CALL IT, I'LL CALL IT SENSITIVE.
WE WANNA MAINTAIN DOWNTOWN'S, UH, QUAINT, CHARMING FEEL,
[01:20:01]
UM, AND THE NEIGHBORHOODS NEIGHBORHOOD SCALE.UM, WE ALSO WANTED TO BE MINDFUL THAT DENSITY IS PUSHED FURTHER EAST AND SOUTH TO ACCOMMODATE RESIDENTS TO THE NORTH AND WEST.
SO WE, UH, IN THIS NEXT ITERATION, YOU'LL SEE HOW WE'VE ADDRESSED THAT.
AND AS IT RELATES TO THE DENSITY, UH, I THINK THE LOWEST HANGING FRUIT TO TACKLE THAT IS RESIDENTIAL.
UH, THE FEEDBACK WE, WE RECEIVED FROM COUNCIL IN THE C COMMUNITY WAS LOW TO ZERO MULTIFAMILY UNITS DOWNTOWN, AND THERE WAS A STRONG DESIRE FOR, FOR SALE RESIDENTIAL PRODUCT.
SO IN THIS NEXT PLAN, YOU'LL SEE THAT WE REDUCED THE NUMBER OF MULTIFAMILY UNITS FROM 2 99 TO 166.
SO I THINK IT'S ABOUT 133 UNITS LESS.
AND THEN, AND WE REPLACED IT WITH 12 FOR SALE TOWNHOME UNITS TO THE NORTH TO CREATE FURTHER BUFFER TO THE RESIDENCES AND MAINTAIN THAT LOW SCALE ON THE HOTEL.
THERE IS A, THERE'S A RESOUNDING UNANIMOUS STRONG DESIRE FOR A HOTEL WITH, WITH GROUND FLOOR ACTIVATION.
AND WE AGREE THERE'S OP OPPORTUNITY HERE IN THE SQUARE.
IT, IT, WE BELIEVE THAT WOULD DEGRADE HERE.
UM, BUT THERE WAS A STRONG DESIRE FOR ADDITIONAL MEETING AND EVENT SPACE.
SO IN ORDER TO INCORPORATE THAT, WE PROGRAMMED A HOTEL OF 139 KEYS TO SUPPORT THE EVENT SPACE.
UM, BUT IT'S ALSO AMENITIZED WITH BAR AND GRILL AND ADDITIONAL RETAIL.
AND WE INTEGRATED THE LOBBY GROUND FLOOR EXPERIENCE.
AND THEN, UH, THE, THERE'S ALSO A DESIRE TO CREATE, UM, A SYNER SYNERGY WITH EXISTING TENANTS IN THE SQUARE AND PROVIDE MORE OFFICE FOR DOWNTOWN, OR AT LEAST THE OPPORTUNITY.
UH, WE'VE, WE'VE SPOKEN WITH THE EDC AND THEY'VE SHARED WITH US KIND OF THE, WHERE, YOU KNOW, OFFICE USERS ARE LEAVING DOWNTOWN.
SO HOW CAN WE PROVIDE A SOLUTION FOR THAT? SO WITH DESTINATION F AND B AND ENTERTAINMENT USES ACTIVATED ROOFTOPS AND PATIOS AND OUTDOOR FRIENDLY FRIENDLY SPACES, WE CAN CONTINUE TO IMPROVE THE SYNERGY OF RETAILERS IN THE SQUARE AND ATTRACT OFFICE USERS INTO THIS ADDITIONAL PART OF THE DISTRICT.
SO THAT BRINGS US TO OUR CURRENT PROGRAM IS, UH, WE WERE CHALLENGED WITH THREADING THE NEEDLE BETWEEN WHAT WE BELIEVE WAS THE DENSITY REQUIRED TO CREATE A FEASIBLE, FINANCIALLY FEASIBLE PROJECT, AS WELL AS MEETING THE NEEDS OF, UH, COMMUNITY AND THE DESIRES OF THE CITY.
AND THIS IS A SUMMARY OF THE EXPERIENTIAL PROGRAM.
SO I, THE TAKEAWAY FROM THIS SLIDE IS THAT EACH BLOCK IS, IS PROGRAMMED AND DESIGNED TO BE ALMOST LIKE A MINI MIXED USE BLOCK, BUT TOGETHER IT IS, UM, THE SUM IS GREATER THAN ITS PARTS.
AND SO YOU CAN SEE BY, WITH EACH BLOCK WE'VE INTEGRATED SOME, SOME FORM OF RETAIL.
WE'VE INCLUDED ROOFTOP PATIOS WHERE WE COULD, UH, IN BLOCK TWO, THAT'S WHERE YOU GET OFFICE OR YOU HAVE A POTENTIAL ENTERTAINMENT USE, EVEN POTENTIAL IF THE MARKET TAKES US THERE, UM, TO DO FOR SALE CONDOS.
AND THEN BLOCKS THREE AND FOUR IS PROGRAMMED WITH, WITH, ALSO WITH RETAIL AS WELL AS PUBLIC PARKING.
WE COULD DO ROOFTOP PATIO AND WE, UM, WE INCREASE THE PLAZA SIZE, UM, OF THE MULTIFAMILY BECAUSE WE'VE DECREASED THE DENSITY.
AND THEN A BENEFIT FROM THIS PROGRAM IS THAT IS INFRASTRUCTURE.
INFRASTRUCTURE IMPROVEMENTS WILL HAPPEN.
THERE'LL BE PUBLIC SITE WORK IMPROVEMENTS, YOU'LL GET SIDEWALKS, LANDSCAPING, ENHANCED PAVING AND LIGHTING.
AND THEN, UM, WE RECOMMEND, UH, THAT THE CITY, THAT THERE'S A PUBLIC GARAGE THAT HELPS US PARK THE USES.
AND THEN YOU'LL SEE LATER IN ONE OF THE ITERATIONS, THE, THE KIND OF FINAL, UH, I GUESS THE ALTERNATE, ALTERNATE PROGRAM ON HOW WE CAN EVEN PROGRAM THE PARKING GARAGE.
SO THIS IS THE CURRENT SITE PLAN, AS YOU CAN SEE THAT YOU CAN VISUALLY SEE FROM EVEN THE SITE PLAN, THE REDUCTION IN DENSITY, UM, ON BLOCKS THREE AND FOUR TO GET THOSE 12 TOWN HOMES.
UH, WE ALSO, YOU CAN SEE THAT THE PLAZAS HAVE INCREASED TO CREATE A JEWEL BOX RETAIL ON, UH, BLOCK THREE.
AND THEN WE FURTHER INTEGRATED, UH, BLOCKS ONE AND TWO SO THAT WE'RE CREATING KIND OF THIS NUCLEUS SURROUNDING EACH ONE OF THESE BLOCKS.
AND THEN, UM, ONE OF THE THINGS THAT YOU COULD TELL FROM THE SITE PLAN IS THE ORIENTATION OF THE BUILDINGS ARE SUCH THAT WE CAN ACTIVATE RIGHT AT, RIGHT IN THAT CENTER.
SO THE LOBBY FACES HUNT STREET, UM, THE ROOFTOPS LOOK TOWARDS TENNESSEE, SO YOU CAN CREATE A REALLY DYNAMIC DISTRICT THIS WAY.
UM, THIS PROGRAM, UH, PROPOSES 150 STALL PARKING STRUCTURE NORTH OF THE LIBRARY.
UH, WE FELT THAT THAT WAS AN OPPORTUNITY FOR A PUBLIC GARAGE.
IT WAS WALKABLE TO FOR THE DISTRICT.
AND, UM, YOU KNOW, THERE'S PART SURFACE LOT ALREADY THERE.
THIS IS THE 3D MASSING OF THE PROJECT.
[01:25:01]
LOWERED DENSITY TO THE NORTH.UH, WE DECREASED DENSITY WITH THE JEWEL BOX RETAIL ON BLOCKS THREE AND FOUR.
YOU CAN SEE, UH, HOW THE HOTEL BLOCK, WHICH IS BLOCK ONE, KIND OF IN THE PURPLE.
THERE'S, UM, THERE'S GROUND FLOOR AMENITIES, SO THAT'S POOL FITNESS ALL ON THE GROUND FLOOR.
THE LOBBY FACES, THE FACES, THE INTERIOR KIND OF AT HUNT IN TENNESSEE.
AND THEN YOU'VE GOT THE, UH, BLOCK TWO, WHICH IS, UH, RETAIL ON THE GROUND FLOOR, AND POTENTIALLY TWO STORIES OF OFFICE ABOVE.
AND AGAIN, WE HAVE ALTERNATE PROGRAMS FOR A LEVEL TWO, UM, IF WE'RE UNABLE TO PRE-LEASE THE OFFICE PRODUCT.
OKAY, SO I'LL GO NOW, I'LL KIND OF DRILL DOWN BLOCK BY BLOCK SO YOU CAN UNDERSTAND THE NUMBER SQUARE FOOTAGE AND THE ACTUAL PROGRAM.
SO WE'LL START WITH THE BOUTIQUE HOTEL.
UH, AS MENTIONED, WE PROGRAMMED 139 KEYS TO SUPPORT, UH, THE MEETING SPACE AS WELL AS COMMERCIAL AND F AND B AT THE GROUND FLOOR.
SO YOU CAN SEE, SEE WE HAVE OVER 5,000 SQUARE FEET OF F AND B PROGRAMMED GROUND AT THE GROUND FLOOR OF THE HOTEL, AS WELL AS, UM, JUST UNDER 3000 SQUARE FEET OF ADDITIONAL COMMERCIAL SLASH RETAIL SPACE.
UH, WE, WE ARE PLANNING A BEER GARDEN AND GRILL AT GRADE, THERE WILL BE A FITNESS CENTER AND MEETING SPACE.
UM, THAT ALL FITS ON BLOCK ONE.
THIS IS, YOU KNOW, I WOULD SAY THIS IS THE LIGHTEST DENSITY OF THE, OF THE BLOCKS, BUT IT TRULY PACKS A PUNCH.
UM, WE'VE GOT, UH, 16,000 SQUARE FEET, THAT'S GROSS SQUARE FEET OF, OF GROUND FLOOR RETAIL.
AND WE HAVE TWO LEVELS ABOVE OF OFFICE THAT GETS US TO RIGHT ABOUT 25,000 SQUARE FEET OF OFFICE.
AND THEN WE HAVE, UH, WE HAVE ADDITIONAL SURFACE LOTS OR SURFACE SPACES, UM, ON THE EAST SIDE OF THE BUILDING.
AND THE RENTABLE SQUARE FEET OF THE COMMERCIAL IS, IS JUST UNDER 14,000 SQUARE FEET COMMERCIAL RETAIL SPACE.
IT'LL MOST LIKELY BE F AND B OR ENTERTAINMENT.
AND WE GO TO BLOCKS THREE AND FOUR.
SO THIS PROGRAM, AS I MENTIONED, WE DECREASED THE NUMBER OF UNITS BY 133 UNITS.
NOW WE'VE GOT 166 UNITS THAT FIT ON THE SITE, AND WE CAN STILL GET FOUR SALE TOWN HOMES.
WE FEEL THAT THIS IS VERY IMPORTANT TO CREATE A CRITICAL MASS AT THIS PART OF THE SQUARE AND TO SUPPORT THE, UH, THE 20,000 SQUARE FOOT OF, OF RETAIL TENANTS THAT WE PLAN TO, TO LEASE HERE.
AND THEN WE ALSO ADDED THE, THE JEWEL BOX THAT HAS A POTENTIAL TO BE A ROOFTOP, HAVE A ROOFTOP, UH, PATIO AS WELL.
AND THEN ALSO IMPORTANT TO NOTE THE GARAGE.
AND THIS ONE IS PARKED AT, I BELIEVE, 300 AND OH.
166 OF THOSE SPACES ARE ALLOCATED TO THE MULTIFAMILY.
THE BALANCE OF THAT WILL BE PUBLIC, PUBLIC SPACES.
THERE IS, SO THE GARAGE THAT YOU CAN SEE IN THE CENTER OF THE MULTIFAMILY, IT, THE STRUCTURED GARAGE HAS THE HUNDRED EIGHT TOTAL STALLS.
166 OF THOSE ARE ALLOCATED TO THE RESIDENTIAL UNITS.
AND THE BALANCE OF THOSE ARE PUBLIC SPACES THAT CAN BE USED TO SERVICE THE REST OF THE COMMERCIAL PRODUCT.
SO THAT BRINGS US TO THE THIRD PROGRAM.
UM, THE ALTERNATE PROGRAM WAS MOST RECENT WITH FEEDBACK FROM, UM, STAFF AND COUNCIL HERE.
THE DIFFERENCES, YOU CAN SEE THAT WE'VE STUDIED THE LOT WEST OF THE HOTEL.
UH, AFTER FURTHER DISCUSSION WITH THE CITY, WE FOUND THAT THIS SIDE IS PROBABLY MORE CONDUCIVE FOR A PUBLIC GARAGE.
UH, IT, THERE'S ALREADY A SURFACE LOT THERE.
THERE IS A CITY PARK, AND THERE'S ENOUGH ACREAGE FOR US TO IMPROVE THE PUBLIC PARK.
AND WE CAN GET, I BELIEVE, 286 SPACES IN THIS GARAGE AS OPPOSED TO ONE 50 THAT WE HAD PROGRAMMED JUST NORTH OF THE, UH, OF THE LIBRARY.
AND HERE'S THE KIND SUMMARY OF THE PROGRAM.
AGAIN, THE DIFFERENCE HERE IS, UM, YOU CAN SEE WHERE THE PARKING GARAGE IS.
IT IS WEST OF THE HOTEL, ALONG WITH A PROGRAMMED, UM, PROGRAMMED PARK.
AND THEN WE HAVE THE ABILITY TO DROP IN A PAVILION OR EVEN A CONDITION SPACE JUST NORTH OF THE PARK.
AND IT SHARES THE, THE, UH, THE KIND OF GROUND FLOOR WITH THE RETAIL.
AND YOU CAN GET A SHARED PLAZA IN BETWEEN THE PARK AND THE HOTEL.
UH, THE OTHER DIFFERENCE IN THIS ALTERNATE PROGRAM IS THERE WAS A DESIRE FOR ADDITIONAL MEETING SPACE.
AND SO WE STUDIED THAT AND WE WERE ABLE TO INCREASE THE MEETING SPACE AND ON THIS BLOCK FROM 5,000 TO 11,000 SQUARE FEET.
[01:30:01]
UH, IN, IN ORDER TO DO THAT, WE DID HAVE TO CREATE AN AMENITY DECK SO WE WEREN'T GETTING TOO HIGH.AND THAT AMENITY DECK, I GUESS, IS ON THE SECOND FLOOR.
AND THEN, UH, AND THEN WE HAVE, AGAIN, PARKING JUST TO THE WEST OF IT THAT SERVICES IT.
AND ONE OF THE, YOU KNOW, WE HAD LOOKED AT ORIGINALLY ALSO PARKING THE HOTEL ON BLOCK ONE, BUT THEN THE SCALE GETS TOO HIGH AND WE WANTED TO MAKE SURE WE WERE THOUGHTFUL ON, ON THE HEIGHT.
OKAY, THIS BLOWS, THIS BLOWS IT UP BY BLOCK, SO YOU CAN KIND OF SEE HOW IT CHANGES.
SO YOU CAN SEE THAT THERE BECOMES AN AMENITY DECK, A RAISED AMENITY DECK TO, UM, TO KIND OF TAKE, TO TAKE PLACE OF THE MEETING SPACE THAT WE ADDED.
WE ADDED, NOW WE'RE AT A TOTAL OF 11,000 SQUARE FEET OF MEETING SPACE, BUT WE CAN STILL MAINTAIN OVER 5,000 SQUARE FEET OF F AND B IN COMMERCIAL SPACE.
AND THEN IT'S JUST A NUANCE OF THE DESIGN.
WE HAVE TO DROP THE KEYS TO A HUNDRED FROM 139 TO 138 TO GET THE RIGHT, THE RIGHT SIZE SUITES.
AND THIS IS A BLOWUP OF THE, UH, PUBLIC GARAGE THAT WE'RE PROPOSING.
SO WE CAN GET FOUR STORIES ON THE SITE AND ACHIEVE 286 PARKING STALLS.
AND THERE'S STILL ROOM TO IMPROVE A PUBLIC PARK AND CREATE A GARDEN PAVILION THAT KIND OF LOOK, LOOKS AT THE HOOK AT THE PARK.
AND THEN ONE, ONE THING THAT WE CAN, I BELIEVE STAFF HAD REVIEWED THIS WITH YOU PREVIOUSLY, UM, BUT THE EXISTING PARKING THAT EXISTS IS 431 SPACES BY CODE WE'RE REQUIRED TO PARK 178 SPACES, BUT IN TOTAL WITH THE PUBLIC GARAGE, WE CAN ACHIEVE 707 SPACES,
AND THAT'S, AGAIN, DISTRICT OVERVIEW OF THE PROGRAM.
AGAIN, LIBRARY SEEMS LIKE A GREAT OPPORTUNITY TO PROGRAM EVEN JUST THE PLAZA.
BUT I THINK THAT, UH, WE'VE, WE'VE DISCUSSED THIS INTERNALLY BY CREATING SUCH A DYNAMIC DISTRICT HERE, YOU CAN CONTINUE TO AMPLIFY VISITORS COMING TO THE DISTRICT, ESPECIALLY DAYTIME VISITORS WITH PROGRAMMING OF THE LIBRARY.
AND IT'S ALL, ALL RIGHT THERE.
NOW WE'LL GO INTO, UM, KIND OF LONG-TERM BENEFITS TO THE COMMUNITY.
THIS IS, THIS IS TAKING US BACK TO, I SHOWED THIS EARLIER, BUT IT TAKES US BACK TO THE EXPERIENTIAL PROGRAM WE'RE TRYING TO CREATE.
UM, EACH BLOCK IS WE CONSIDER A MIXED USE BLOCK, AND THE SUM IS GREATER THAN ITS PARTS.
UH, IT TRULY CREATES A SYNERGY EACH, EACH BLOCK.
SO, SO WE FEEL LIKE IF WE WERE TO REMOVE ANY, ANY ONE PIECE, IT KIND OF CHANGE CHANGES THE DYNAMIC OF THE DISTRICT.
THIS EXHIBIT HIGHLIGHTS THE PUBLIC IMPROVEMENTS THAT WE HAVE PLANNED FOR THE PROJECT.
UM, YOU CAN SEE THAT THERE IS COURTYARDS THAT'S, UH, A COURTYARDS ON EACH BLOCK.
UM, EVEN TWO COURTYARDS ON THE BLOCKS THREE AND FOUR.
WE'VE GOT AN INTEGRATED LOBBY THAT COULD, UM, BE AVAILABLE FOR VALET PARKING ON BLOCK ONE.
WE'VE GOT ROOFTOPS, ROOFTOP PATIOS ON EVERY BLOCK.
WE'VE GOT, UH, PARK AND AMPHITHEATER, STRUCTURED PARKING MEETING FACILITIES, AND WE'VE INTEGRATED PEOS THROUGHOUT TO CREATE POROSITY AND ENCOURAGE, UH, PEDESTRIAN TRAFFIC THROUGHOUT THE PROJECT.
SO WE ALWAYS LIKE TO GO BACK AND, AND REVISIT KIND OF WHERE WE STARTED WHEN WE, WHEN WE'VE ITERATED, UM, SO MANY TIMES ON A PROJECT.
AND, UH, WE WANNA MAKE SURE THAT WE'RE ALWAYS HITTING, HITTING THE GOAL AT HAND.
AND, UM, YOU GUYS HAVE SEEN THIS BEFORE, BUT WE, THE GOAL IS TO CREATE A CAP, YOU KNOW, TO CONTINUE THIS CAPTIVATING, HISTORIC DOWNTOWN AND, AND MAINTAIN THE SOUL AND CHARM OF THE DISTRICT.
AND SO WITH THOUGHTFUL COLLABORATION WITH THE CITY AND COMMUNITY THAT WE WILL CONTINUE TO DO THROUGHOUT THIS PROCESS, WE BELIEVE WE CAN REALIZE A VISION, UM, AND CREATE THE HIGHEST SUCCESS FOR THIS DEVELOPMENT.
WE'VE DONE, WE'VE DONE EXTENSION, EXTENSIVE MARKET RESEARCH OVER THE PAST SIX MONTHS.
UM, WE HIRED A THIRD PARTY RESEARCH FIRM THAT CREATES GEOFENCES AND TRACKS TRAFFIC AND TRENDS AND VISITATION.
UM, WE'VE SHARED OUR DATA, UH, WITH THE CITY.
THE CITIES ALSO DOES THE SAME RESEARCH AND HAS SHARED IT WITH US.
BUT I THINK THE TAKEAWAY HERE IS YOU CAN SEE OBVIOUSLY THE, THE DISTRICT PERFORMS VERY WELL ON THE WEEKENDS.
UM, AND IF WE, WHAT IF THIS DISTRICT, WHICH IS IT IS DESIGNED TO DO, IS TO INCREASE WEEKDAY TRAFFIC AND KEEP MORE PEOPLE DOWNTOWN DURING LUNCHTIME? BECAUSE WHAT WE WANNA AVOID IS IF WE DON'T, IF WE DON'T CONTINUE TO GROW AND CREATE A DYNAMIC MIXED USE ENVIRONMENT WITH EASE OF PARKING AND ACCESSIBILITY, WE'LL, WE'LL
[01:35:01]
FIND MORE PEOPLE LEAVING DOWNTOWN TO OTHER PLACES FOR LUNCH.SO WE WANNA MAKE SURE THEY STAY IN THE DISTRICT, AND THEN WE KIND OF WANT TO EVEN OUT, YOU KNOW, WITHIN REASON, OBVIOUSLY EVEN OUT THE BLOCKS SO THAT WE GET MORE WEEKDAY TRAFFIC.
SO WE BELIEVE THAT BY INVESTING IN THIS DEVELOPMENT, UM, WITH, WITH CAPTIVATING PROGRAMMING AND PRIORITIZING GROWTH WITH RESIDENCES IN A RESIDENTIAL COMMUNITY, WE CAN CONTINUE TO SUPPORT MORE LOCAL BUSINESSES AND ATTRACT MORE VISITORS TO MCKINNEY YEAR ROUND.
THESE ARE THE GUIDING PRINCIPLES THAT WE ESTABLISHED WITH STAFF.
THIS WAS ACTUALLY VOTED ON, UM, EARLIER ON IN THE PROCESS.
BUT AGAIN, WE WANTED TO REVISIT HOW WE WERE ADDRESSING EACH ONE OF THESE GUIDING PRINCIPLES.
SO THE FIRST ONE IS STRATEGIC EXPANSION.
UH, WE ARE, WE BELIEVE WE'LL CREATE NEW JOBS FOR, WITH CONSULTANTS, CONTRACTORS.
ACTUALLY, ONE OF OUR STUDIES SAID ONE OF THE KIND OF OVERINDEX INDUSTRIES OF PEOPLE WORKING IN DOWNTOWN IS CONSTRUCTION.
WE CAN CONTINUE TO CREATE NEW JOBS THROUGH THE HOTEL AND RETAIL OPERATIONS.
WE CAN INITIATE INVESTMENT TO UPGRADE PUBLIC INFRASTRUCTURE AND ACCESS TO VARIATION OF ELEVATED FOOD AND BEVERAGE AND ENTERTAINMENT USES.
UH, THE SECOND ONE IS ASPIRATIONAL DEVELOPMENT.
SO WE WANTED TO CREATE A CATALY D CATALYTIC DEVELOPMENT THAT SPURS FURTHER BUSINESS GROWTH AND ATTRACTS ADDITIONAL INVESTMENTS IN AND AROUND DOWNTOWN MCKINNEY.
OUR GOAL IS TO SET A HIGH BAR FOR THE FUTURE DEVELOPMENT AND ALIGN WITH THE CITY'S LONG-TERM STRATEGIC VISION TO CREATE A VIBRANT AND DYNAMIC DOWNTOWN.
SIGNIFICANT INCREASES IN TAX REVENUE CAN BE REINVESTED IN THE COMMUNITY.
AND, UM, AS A RESULT, WE'LL BO WE'LL ALSO BOOST PROPERTY VALUES OF THE SURROUNDING AREAS.
AND THEN I THINK MOST IMPORTANTLY IS RESPECTFUL DEVELOPMENT.
UH, WE WERE ATTRACTED TO THE OPPORTUNITY BECAUSE OF THE CHARM OF DOWNTOWN MCKINNEY.
AND WE, IT'S, IT'S VERY IMPORTANT FOR US TO GET THAT RIGHT.
UM, SO THE REDEVELOPMENT OR DEVELOPMENT OF, OF THIS SITE, BECAUSE, AND REMOVAL OF THE UPDATED EXISTING OFFICE BUILDINGS WILL FURTHER ENHANCE THE ATTRACTIVENESS FOR TENANTS, INVESTORS AND NEW RESIDENTS.
UM, WE'LL HAVE A SERIES OF COURTYARDS AND PATIOS ACCESSIBLE TO THE PUBLIC THAT WILL ALSO IMPROVE THE SAFETY AND INCREASE ACTIVITY FOR PUBLIC AREAS AROUND, IN AND AROUND THE DEVELOPMENT.
AND SO WHAT WE ASK OF YOU TODAY IS A CONSENSUS ON KIND OF PROGRAM AND WE CAN TAKE THE NEXT STEPS FORWARD.
UH, WE HAVE A, UH, COMMUNITY MEETING SCHEDULED FOR NEXT MONDAY.
UH, THEN WE'LL FINALIZE, WE'D LIKE TO FINALIZE PROGRAM WORK WITH CITY AND STAFF ON PHASING, AND THEN WE CAN COMPLETE FINANCIAL ANALYSIS AND GET INTO TERM SHEET NEGOTIATION.
I'M GONNA START, UM, CAN YOU GO BACK TO THE, UH, LATEST PROGRAMMING THAT, THAT ILLUSTRATES PARKING? ONE OF THE THE BIG CONCERNS, OF COURSE, DOWNTOWN IS PARKING.
AND WHAT I TELL RESIDENTS IS ONE OF THE, AT LEAST FOR ME, I'LL SPEAK JUST FOR MYSELF, THAT ONE OF, UM, THE REASONS WHY I FELT STRONGLY ABOUT US BEING A PARTICIPANT, A PARTNER, IF YOU WILL, UM, AND CREATING A PRIVATE PUBLIC PARTNERSHIP, IS THAT WE WOULD, UH, MAKE SURE THAT WE COULD FACILITATE SOME OF THE THINGS THAT AREN'T REQUIRED.
'CAUSE IN THE NTC, UM, THE PARKING REQUIREMENTS THAT YOU'VE POSTED, AND FOR THE US I'M SAYING THIS, YOU KNOW, THIS, I'M SAYING THIS FOR OTHER PEOPLE.
UM, THERE'S, THERE'S NOT PARKING REQUIRED.
YOU CAN OPEN A RESTAURANT, YOU DON'T HAVE TO HAVE ANY PARKING.
UM, THERE IS PARKING REQUIREMENT FOR RESIDENTIAL, BUT I BELIEVE EVEN THAT'S LESS, IT'S ONE PER UNIT VERSUS IN ANYWHERE ELSE IN THE CITY.
IT'D BE CALCULATED WITH BEDROOMS OF MINE AND WHATNOT.
UM, OFFICE SPACE, THERE'S, THERE'S A REQUIREMENT FOR PARKING.
UM, SO A RESTAURANT WOULD BE ONE PER 150 SQUARE FEET ANYWHERE ELSE IN THE CITY.
RETAIL ONE PER 250 FEET HOTELS, ONE PER ROOM, PLUS ONE PER 200 FEET OF PUBLIC SPACE RESTAURANT CONFERENCE ROOM, WHATNOT.
UM, SO, YOU KNOW, MY, I I'M WONDERING, AND I WANT, I WANT TO SPEND MORE TIME WITH IT, BUT WE'RE LOSING, WHAT WAS THE TOTAL PARKING THAT WE'RE CURRENTLY AT 431, WE'RE TAKING AWAY 431 SPACES WHEN WE DEVELOP THESE LOTS AND WE DEVELOP THE PARKING LOTS, CORRECT? CORRECT.
AND, AND I KNOW THAT FOR THE MCKINNEY TOWN CENTER REQUIREMENT, THERE'S 178, BUT THAT'S AGAIN, BECAUSE WE, WE DON'T REQUIRE ANYTHING FOR THE RESTAURANTS AND, AND OFFICE SPACE AND PUBLIC SPACE AND GATHERING SPACE AND CONVENTION SPACE.
WHEN THE REALITY, OF COURSE IS WE DON'T DO THAT BECAUSE IT'S DOWNTOWN ENVIRONMENT.
IT'S, UM, A LOT OF THESE BUILDINGS, UH, ESPECIALLY EXISTING BUILDINGS, IF YOU LOOK AT ON THE SQUARE, SOMEONE WANTS TO TAKE AN OFFICE AND GO TO RESTAURANT, WHAT THEY CAN'T OBVIOUSLY ADD PARKING.
THERE'S NO PLACE TO PUT A PARKING LOT.
SO WE UNDERSTAND ALL THAT AND WE UNDERSTAND THAT THAT COMES WITH, UH, SOME CHALLENGES, WHICH IS WHY THE CITY BUILDS PARKING LOTS AND, AND PARKING STRUCTURES.
SO I HAVEN'T DONE THE MATH AND THAT'S WHY I SAID I WANT MORE TIME WITH IT.
[01:40:01]
TO TAKE A WILD GUESS THAT, THAT IF WE WERE TO LOOK AT ALL THESE USES OUTSIDE THE NTC, SO I WOULD LIKEN THAT TO A WHAT WILL ACTUALLY BE USED, NOT, NOT WHAT'S REQUIRED BECAUSE IT'S IN DOWNTOWN.IF WE CAN, IF WE ARE LOOKING AT WHAT CARS WILL ACTUALLY PROBABLY BE THERE, I'M GOING TO GUESS THAT IT'S, UM, OH GOSH, YOU GIVE ME SOME NUMBERS.
I CAN ACTUALLY GIVE YOU A MUCH BETTER GUESS.
BUT IT, IF IT'S 707 OR 178 BEING IN THE NTC, I BELIEVE IT'S GONNA BE, UM, YOU KNOW, IS IT THAT 500 1200, IS THAT 578 NUMBER? IS THAT THE NUMBER? YOU'RE THE MCKAY DEVELOPMENT CODE REQUIREMENTS? YES.
5 78, UM, IS REQUIRED AND THAT'S OKAY.
UH, AND WE HAVE 707, BUT WE'RE LOSING 431.
SO WE HAVE NEW REQUIREMENTS OF 5 78.
SO YOU GOTTA ADD TO THAT, THE 4 31 MM-HMM.
UM, SO WE ARE, WE'RE PROVIDING 707.
SO I, I, I WONDER WHAT, UH, WHAT REALITY WILL BE, NOT WHAT CODE ALLOWS.
AND, AND I SAY ALL THAT TO SAY THAT AGAIN AS A PARTNER, THAT'S SOMETHING THAT WE WOULD, UH, IN MY MIND ANYWAY, WAS ALWAYS THAT AS A PARTNER, WE WOULD MAKE SURE THAT WE ENSURE THAT WE'RE NOT, UM, THAT WE'RE NOT, UH, DEGRADING THE PARKING SITUATION AT KEEPING IT STATIC AT, AT WORSE THAN IMPROVING AT BEST.
THAT'S, UH, THAT, THAT'S MY CONCERN.
I, I THINK WITH THE EXISTING PARKING, WHEN YOU CONSIDER THAT, YOU ALSO HAVE TO CONSIDER THAT WE HAVE EXISTING USES THAT WARRANTS THAT PARKING.
SO WE HAVE PLANNING AND DEVELOPMENT CITY HALL, ALL OF THE CITY TRUCKS OVER HERE IN THIS LOT THAT FILL THOSE UP.
AND SO THAT NUMBER THAT CONTRIBUTES TO ADDITIONAL OFFSITE PARKING IS PROBABLY LIKE A HUNDRED UNITS RIGHT NOW, OR A HUNDRED SPACES RIGHT NOW.
SO I DON'T THINK YOU SHOULD LOOK AT HAVING TO REPLACE 431 SPACES.
BUT IT IS OFFICE, WHICH IS ONE PER FOUR 50 VERSUS THERE'S A LOT OF RESTAURANT GENERAL ASSEMBLY SPACE, WHICH IS ONE PER ONE 50.
SO IT'S, IT'S A, IT'S A THREE TIME, YOU KNOW, THE DENSITY.
SO AGAIN, THAT'S WHY I SAID I WANT MORE TIME.
BUT I JUST WANNA MAKE SURE THAT WE'RE NOT, WE'RE NOT DOWNGRADING OUR PARKING THAT WE, UH, WE ARE AT LEAST MAINTAINING, IF NOT IMPROVING, BUT YES, GREAT POINT.
OF COURSE THERE ARE SOME USES THAT DO UTILIZE THAT, BUT AGAIN, AT A MUCH, MUCH, MUCH LESS RATIO.
I, I MEAN THIS LOT OVER HERE, WHICH IS PROBABLY A QUARTER OF THAT PARKING IS NOT TYPICAL OFFICE PARKING BECAUSE IT'S CITY TO TRUCKS AND UTILITY VEHICLES IN ALL THOSE DIFFERENT, DIFFERENT USES THAT DON'T COME WITH A TYPICAL OFFICE SPACE.
SO MAY I, UM, I THINK I MADE THE COMMENTS ABOUT THE ROOFTOP DINING, AND PERHAPS I WAS NOT CLEAR ENOUGH WITH YOU, BUT DOWNTOWN IS LARGELY A PEDESTRIAN TRAVELED AREA.
PEOPLE COME DOWN HERE AND PARK AND GO FROM LOCATION TO LOCATION ON FOOT.
WE HAVE A LITTLE, WHAT WE CALL THE LITTLE CART THAT DRIVES FOLKS AROUND.
NOW WE'VE GOT A TROLLEY THAT DRIVES FOLKS AROUND.
BUT I WANTED YOU TO OPEN UP THE FACADES IN PARTICULAR ON KENTUCKY AND TENNESSEE STREETS AT THE SECOND LEVEL AND HIGHER, UH, IN ORDER TO ENHANCE THE PEDESTRIAN EXPERIENCE.
AND HAVE THE FOLKS WHO ARE OCCUPYING THOSE SPACES ON THE UPPER FLOORS FEEL LIKE THEY'RE PART OF DOWNTOWN BY HAVING INDOOR OUTDOOR BALCONIES.
AND I KNOW YOU CAN'T DO A HUNDRED PERCENT OF IT, BUT I WAS THINKING DURING YOUR PRESENTATION THAT IF YOU'RE PUTTING A ROOFTOP DINING ON THE SIXTH FLOOR OF A HOTEL, THERE'S NOT GONNA BE MUCH CONNECTION WITH THE FOLKS DOWN BELOW.
AND I THINK IT'D BE MORE IF IT WERE THE FACADES WERE OPENED UP.
AND WE HAVE, THANK YOU, COUNCILMAN.
WE HAVE, SO WE DO HAVE ROOFTOPS PROGRAMMED RIGHT ABOVE ONE STORY LEVEL.
SO THAT EXISTS ON BLOCKS TWO, BLOCKS THREE.
AND I BELIEVE THAT'S ALSO THE SAME THING ON THE HOTEL.
CURRENT, THIS CURRENT PROGRAM THERE ABOVE THAT NEW MEETING SPACE IN THE BOTTOM LEFT HAND CORNER OF BLOCK ONE.
ON TOP OF THAT WILL BE A POOL, A BAR OR GRILL.
WE WANT IT TO ENGAGE THE STREET.
WE WANT IT TO BE CONNECTED TO THE STREET.
THE THING YOU SAW ON THE SIXTH FLOOR IS, WAS KIND OF MISLABELED, ACTUALLY.
WE DON'T HAVE A BAR AND RESTAURANT UP THERE BECAUSE WE'D HAVE TO GET PEOPLE UP THERE.
AND FOR FIRE, WE'D HAVE TO GET 'EM DOWN THAT AT A LOT OF COSTS.
WE'D HAVE TO HAVE WIDE AIR STAIRWAYS.
SO WHAT WE HAVE UP THERE IS A HOSPITALITY SUITE AND A NICE TERRACE WHERE WE CAN DO SMALL EVENTS,
[01:45:01]
BUT IT'S NOT A PUBLIC, IT'S NOT A PUBLIC BAR OR RESTAURANT.OUR, I'M JUST MAKING THOSE COMMENTS BASED ON THE WORDS I SAW ON THE SCREENS, NOT THE DIAGRAMS. 'CAUSE I KNOW YOU'RE AT A VERY CONCEPTUAL STAGE, BUT I THOUGHT IT'D BE BEST TO MAKE THESE COMMENTS TODAY RATHER THAN AFTER YOU BUILT IT.
ON THE, ON TENNIS, UH, ON TENNESSEE, WE DO HAVE, UH, THE BUILDING, THE, THE HOTEL TOWER SET BACK IN THE PODIUM A LITTLE BIT.
SO WE, WE, WE WILL HAVE SOME BALCONIES THERE FOR CONNECTION.
THIS IS PROBABLY, IT'S PROBABLY THE BEST ONE.
OBVIOUSLY YOU'RE AT A CONCEPTUAL STAGE.
UM, CERTAINLY A LOT OF THE, CERTAINLY GET PUSHED BACK ON THE PARKING GARAGE STRUCTURE, ESPECIALLY JUST A SOLID CONCRETE STRUCTURE.
WHAT, WHAT THOUGHT HAS BEEN GIVEN TO THAT STRUCTURE LOOKS LIKE, AND I, I REALIZE WE'RE AT A VERY EARLY STAGE, BUT I, I APPRECIATE YOU ASKING THAT QUESTION.
WE, WE, WE CONSIDERED SCREENING ALL SIDES OF THE GARAGE.
AND, UH, WE PROVIDED A BUDGET TO STAFF JUST AT HIGH LEVEL OR ROUGH ORDER MAGNITUDE BECAUSE WE WANNA BE SENSITIVE TO WHAT PEOPLE ARE LOOKING AT ON ALL SIDES.
IS THERE MORE TO, I, I LOVE, I LOVE THE WAY YOU'VE LAID IT OUT.
I LIKE THIS PLAN BETTER THAN THE PLAN WE HAD BEFORE.
THE ONLY CONCERN I HAVE IS, IS OFFICE SPACE.
I, I THINK WE'RE SELLING OURSELF SHORT ON OFFICE SPACE.
AND ONE OF THE THINGS IS, YOU KNOW, I WATCHED CRAIG RANCH AND HOW IT GREW.
AND WE HIT A STAGE WHERE WE COULDN'T GET ANY FOOD AND BEVERAGE AND, AND RETAIL OUT THERE.
WELL, IT'S 'CAUSE YOU DIDN'T HAVE ANY DAYTIME POPULATION.
AND SO I KNOW THAT THERE'S TENANTS THAT WANNA BE DOWN THERE.
I KNOW THAT I THINK YOU COULD FILL UP THE 25,000 WITHIN SIX MONTHS.
IS THERE ANY WAY TO LOOK AT ADDING SOME MORE OFFICE? ABSOLUTELY.
WE, WE, WE'VE DISCUSSED THAT INTERNALLY AS WELL AS STAFF.
UM, WE UNDERSTAND THE DESIRE TO HAVE AS MUCH OFFICE AS WE CAN.
UM, IT'S, THE CHALLENGE IS FINANCING IN, IN, IN THIS OFFICE MARKET.
SO TO, TO ACHIEVE THAT, WE'D WANNA PRE-LEASE THE OFFICE USES MM-HMM.
AND IF WE LEASED UP 25,000 SQUARE FEET IN SIX MONTHS AND WE HAD ANOTHER USER IN TOW, ABSOLUTELY WE'D WANNA GO UP MORE FLOORS.
SO I, I KNOW THAT, UM, CERTAINLY DID AS WELL.
TOOK TIME AND STARTED DIVING DEEPER.
REALLY, THE PURPOSE OF TODAY THOUGH IS TO, UM, GIVE YOU, SEE IF YOU HAVE CONSENSUS TO MOVE FORWARD WITH PUBLIC MEETINGS NEXT WEEK.
SO THAT'S, THAT'S REALLY THE PURPOSE OF TODAY.
AND I KNOW I SIDETRACKED THAT WITH THE PARKING, BUT, UM, HOW'S EVERYONE FEEL ABOUT PUBLIC MEETINGS? IT'S, UH, WITH THIS CONCEPT, I'M GONNA TAKE ONE MINUTE.
UM, THERE'S GONNA BE A HELL OF A LOT OF WHO MOVED MY CHEESE WITH THIS, RIGHT? YOU KNOW, LIKE THIS IS WHAT WE'RE USED TO.
IF ANYONE CAME AND SAID, WELL LET'S BUILD A BRICK BUILDING AND TWO STORIES, PUT WINDOWS FROM GROUND TO ROOF AND THEN COVER IT, WOULD GRAVEL, NO ONE WOULD THINK THAT'S A GOOD IDEA.
THAT'S THE BUILDING WE'RE SITTING IN.
IT'S THE DEVIL WE KNOW, RIGHT? SO I REALIZED THAT THIS IS, AND IN MY OWN MIND IS A 26 YEAR RESIDENT OF DOWNTOWN WITH MY OFFICE.
I GET LIKE THAT ON THIS THING.
UM, BUT I'VE GOTTA FIGURE OUT WHERE DO I MAKE MY STAND? RIGHT? HERE'S, HERE'S JUST WHERE I AM RIGHT NOW.
I LOVE THE HOTEL, I LOVE THE TOWN HOMES.
I'D LOVE TO TAKE THE BUILDING THE LOT JUST NORTH OF THE OFFICE AND GET MORE OFFICE THERE.
I'D LOVE TO MITIGATE THE MULTIFAMILY, BUT THIS IS JUST A REMARK THAT IS, FROM MY EXPERIENCE UP HERE, WE ARE FACING MAGNIFICENT HEADWINDS IN THE COST OF BUILDING RIGHT NOW.
IF WE'D BEEN HAVING THIS CONVERSATION A FEW YEARS AGO, DOLLARS ARE MUCH MORE FREE.
WE'RE NOT, HERE'S WHERE WE ARE.
UM, I DON'T MIND TAKING THIS A LITTLE BIT SLOWLY, MAKING SOME HARD DECISIONS, YOU KNOW, MAKING SOME DECISIONS NOW THAN MAKING SOME DOWN THE ROAD.
UM, WHAT RICK SAID REALLY RESONATED WITH ME ABOUT THE OFFICE.
RIGHT? I DON'T HAVE ANYTHING ELSE TO TO, TO SAY ABOUT THIS EXCEPT THAT I HOPE, I WOULD LIKE TO HOPE THERE'D BE MORE DEMAND FOR OFFICE.
WHAT I UNDERSTAND IS, IS THAT THERE IS DEMAND FOR OFFICE, BUT YOU NOT NEED MUCH MORE CONTIGUOUS SQUARE FEET THAN WHAT'S AVAILABLE IN THE KIND OF BUILDING THAT I'M IN, WHICH WAS BUILT IN 1898 WHERE MY OFFICE IS.
UM, SO I'D LIKE TO DIGEST THAT WITH OUR PARTNERS AT MEDC, YOU KNOW, TO FIGURE OUT WHAT,
[01:50:01]
WHAT REALLY IS THERE.UM, WE DO HAVE A LOT OF MULTIFAMILY COMING ONLINE HERE.
YOU KNOW, WE, WE HAVE THE ONE JUST ACROSS HIGHWAY FIVE, UH, THE ROBERT SHAW ONE BETWEEN THIS AND CITY HALL.
UM, I'D LIKE TO GET A HANDLE ON THAT.
I'D LIKE TO DO THE BEST WE CAN TO PROTECT THE NEIGHBORHOODS THAT ARE DOWN HERE.
I THINK THIS ONE WITH THE TOWN HOMES DOES A PRETTY GOOD JOB OF THAT.
BUT I, I APPLAUD YOU FOR YOUR CREATIVITY ON THIS AND LISTENING TO US.
ANYONE ELSE? I I'LL MAKE A COUPLE OF COMMENTS AND Y'ALL HAVE HEARD THESE BEFORE, BUT I'M JUST GONNA MAKE 'EM SO, UH, ON THE ALTERNATIVE PLAN, THE ONE WHERE IT DEALS WITH THE, UH, EXISTING PARKING LOT AND PARK, UH, AND KIND OF INCORPORATES THAT.
YEAH, I, I'M A BIG FAN OF WHAT'S GOING ON ON KENTUCKY STREET THERE.
UM, I LIKE THE PARKING GARAGE THERE.
I LIKE THE, THE INCORPORATION OF THE PARK AND THE PLAZA.
UM, I, I GUESS I'M, THERE'S A COUPLE OF THINGS.
I AGREE WITH WHAT RICK SAID ON WHAT IS LOT TWO, THE RETAIL AND OFFICE.
I THINK AS MUCH OFFICE AS YOU CAN GET, THE BETTER.
I DON'T LOVE THE KIND OF WAY IN WHICH WE'RE INCORPORATING PLAZAS LIKE THIS AND PAD SITES.
'CAUSE I THINK IT, IT KIND OF STICKS OUT WITH THE DESIGN PLAN OF DOWNTOWN AND IT KIND OF IS GONNA LOOK DIFFERENT THAN EVERYTHING ELSE.
AND AGAIN, I, I THINK WE CAN FIND WAYS TO BRING ABOUT THOSE PUBLIC SPACES DIFFERENTLY.
AND I THINK THAT'S ON US AS A CITY TO EVALUATE OTHER AREAS TO DO THAT.
I, I THINK WE SHOULD BE LOOKING AT OUR SQUARE AND TRYING TO PULL, UM, VEHICULAR TRAFFIC OFF OUR SQUARE SO THAT WE HAVE THOSE AREAS FOR MORE PLAZA SPACE AND NOT LOOK FOR IT IN BLOCK IN WAYS LIKE THIS.
UM, SO I, I THINK I'VE SAID THAT TO Y'ALL.
I ALSO WILL REITERATE, I THINK RETAIL NORTH OF HUNT IS A MISTAKE.
I THINK IT IS GONNA END UP WITH A VERY ODD, WE MAY WALK UP THERE AND THEN WE'RE GONNA TURN AROUND AND WALK RIGHT BACK BECAUSE THEY DON'T HAVE SEATING FOR US OR WHATEVER.
AND I THINK IT'S GONNA END UP WITH SOME REALLY DISJOINTED, UM, PEDESTRIAN TRAFFIC PATTERNS THAT YOU END UP WITH UP THERE.
AND THE LAST THING, I MEAN, JUST FROM THE, UM, WHERE THE RESIDENTIAL HAS EVOLVED TO, I, I THINK I'M IN WITH PATRICK AND RICK IN THIS, EXCEPT FOR, I'M NOT A FAN OF IT.
UM, I'M NOT A FAN OF ANY OF IT.
I KNOW YOU SAID THAT'S YOUR DESIRE AND I THINK IT'S OUR DESIRE TOO.
BUT IF THAT MEANS SACRIFICING, WE DON'T HAVE RESIDENTIAL IN THIS AREA.
I THINK WE'RE GETTING PLENTY OF RESIDENTIAL IN OTHER AREAS.
AND I, I DON'T LOVE THAT YOU HAD TO TAKE OUT 133 RENTAL SPACES TO GET 12 TOWN HOME SPACES.
I WOULD'VE RATHER YOU SEEN SEEING YOU TAKE OUT 133 RENTAL SPACES AND GET A HUNDRED CONDO SPACES, UM, THAN THAN 12, YOU KNOW, LARGE TOWN HOME TYPE PRODUCTS.
I MEAN, I, I THINK OWNERSHIP IS OWNERSHIP.
UM, THE DENSITY IS NOT NECESSARILY THE FACTOR THAT WE'RE CONCERNED ABOUT.
PEOPLE WANT TO INVEST AND OWN AND DOWNTOWN, AND THAT MAY BE IN THE FORM OF A CONDO, AND IT DOESN'T NECESSARILY HAVE TO BE IN THE FORM OF A FEE SIMPLE, UH, TOWN HOME.
SO, UH, IF WE'RE GOING TO, I WOULD LOVE IF BLOCKS THREE, FOUR, AND FIVE HAD MORE OFFICE VIABILITY.
AND I THINK THAT YOU WOULD FIND WILLINGNESS FOR ME TO HELP WITH THAT.
UM, BUT IF WE'RE GONNA STICK WITH RESIDENTIAL, I WOULD RATHER US, YOU KNOW, I'M FINE WITH THE DENSITY, I'M FINE WITH THE, THE SCALE OF IT, BUT I WOULD LIKE TO SEE A DIFFERENT TYPE OF OWNERSHIP PRODUCT ON THAT NORTH SIDE BECAUSE I JUST, I DON'T LOVE THAT.
THAT'S WHERE WE'VE ENDED UP WITH SACRIFICING 133 UNITS TO GET 12.
BUT I, I, I'LL SAY, I'LL SAY THIS, I, I THINK WHAT Y'ALL DONE WITH THE PARKING STRUCTURE AND THE HOTEL ARE IDEAL.
AND, AND MAYBE I SHOULD EXPAND ON THE REST OF MY COMMENTS.
I I DO THINK THAT A LOT OF THE PUBLIC FEEDBACK INCORPORATED, YOU KNOW, WHERE WE NEED MORE AREAS FOR FAMILIES, WE NEED MORE PUBLIC SPACES.
AND I, I WISH WE'D HAVE A CONVERSATION ABOUT THAT AT SOME OTHER POINT THAT COINCIDES WITH THIS, BECAUSE I THINK WE SHOULD BE UTILIZING OUR SQUARE FOR THAT.
UM, I THINK IF YOU CAN DELIVER ON THE MEETING SPACES IN THE HOTEL, THEN THAT TAKES A BURDEN OFF OUR IMPACT CENTER AND THE MEETING SPACE WE HAVE AND IMPACT.
[01:55:01]
OF SHIFT THAT TO A FAMILY ORIENTED SPACE OR AT LEAST A, A REPRIEVE FROM TEXAS HEAT FOR FAMILIES, UM, THAT CAN COME IN AND, AND USE THAT SPACE IN A WAY THAT'S BENEFICIAL TO THEM, OR A SMALL MUSEUM OR SOMETHING LIKE THAT.BUT I ALSO THINK THAT THE PLAZA, THE KENTUCKY AND TENNESSEE STREET MAKING, THOSE, GETTING PARKING OFF OF THAT, GETTING THROUGH TRAFFIC OFF OF THOSE AND OPENING THEM UP TO JUST STRAIGHT PEDESTRIAN PLAZAS FOR THE WEEKENDS TO WHERE THAT FILLS THAT, UM, PUBLIC SENTIMENT THAT WAS, THAT WAS, UM, WORN OUT IN A LOT OF THE SURVEYS.
AND WE DON'T HAVE TO GO GO LOOKING FOR IT BY SACRIFICING DEVELOPABLE SPACE OR CREATING THOSE IN SOME FORM THAT DOESN'T MATCH DOWNTOWN IN, IN THAT BLOCK TWO.
AND SO I, I THINK WE SHOULD, WE SHOULD BE TALKING ABOUT WHAT WE CAN DO TO THE SQUARE, WHAT WE CAN LEVERAGE WITH THE TROLLEY TO USHER PARKING OFF OF THE SQUARE AND MAKE IT WHAT PEOPLE KEEP ASKING FOR, WHICH IS FAMILY SPACE, PUBLIC SPACE, OPEN SPACE.
UM, AND I THINK THAT'S ON US TO DO THAT.
AND THEN THAT FREES Y'ALL UP TO MAKE THIS MORE OF A, YOU KNOW, BRING, GET YOUR TRAFFIC PATTERN RIGHT.
BRING IN TRAFFIC OFF LAMAR AND, AND DOWN TO THE HOTEL.
AND, UM, AND THOSE CARS DON'T HAVE TO COME THROUGH THROUGH THE PEDESTRIAN CORE.
SO ONCE THEY DEVELOP ALL THAT, UH, SPACE, THEY WON'T NEED OUR PARTICIPATION.
UM, AND I, I AGREE WITH WHAT YOU SAID, JUSTIN.
WE'VE TALKED ABOUT THIS IN THE PAST.
IT WAS BROUGHT UP AMY ROSENTHAL WAY BACK WHEN, AND WE'VE HAD DISCUSSIONS ABOUT MAKING THE, UH, SQUARE A PEDESTRIAN AREA.
I WOULD LOVE, UM, I ONLY SAY OFFLINE BECAUSE WE'RE NOT SET UP TO HAVE THE, THIS DIALOGUE RIGHT NOW.
BUT MATT, I'D LOVE FOR YOUR, UH, INPUT.
AND, AND THEN I, I, I'D ASK YOU TO EVEN, UH, YOU KNOW, KIND OF GET SOME FEEDBACK FROM OTHER STORE OWNERS.
I KNOW THAT, THAT THE THOUGHT BACK WHEN WE, WHEN WE BROUGHT IT PREVIOUSLY, THIS PROBABLY GOES BACK SIX, SEVEN YEARS AGO, SIX YEARS AGO, THERE WAS A FACTION OF, OF OWNERS THAT FELT CLOSING, REMOVING PARKING OFF THE SQUARE WAS A DEATH SENTENCE.
UM, BUT THERE'S CERTAINLY A WHOLE LOT OF PEOPLE THAT FELT VERY, VERY DIFFERENTLY.
I, I'D LOVE TO KNOW WHAT THE THOUGHT IS NOW, AND MATT, YOU'RE ON THE SQUARE AND YOU OF COURSE, YOU KNOW, WOULD BE SOMEONE THAT, UH, DEALT WITH THAT KIND OF CHANGE.
AND, AND I KNOW THAT YOU HAVE RAPPORTS AND COMMUNICATE A LOT WITH OTHER PEOPLE.
SO IF YOU DON'T MIND, I'D, I'D LOVE TO GET THAT FEEDBACK FROM YOU AND, AND SEE IF THAT'S A CONVERSATION WORTH BRINGING, BRINGING BACK.
'CAUSE TO JUSTIN'S POINT, I MEAN, UM, YEAH, THE FACT THAT YOU'RE BRINGING MORE MEETING SPACE AND OFFICE SPACE, FREEING UP THE IMPACT.
I KNOW THAT ANDREW'S TALKED ABOUT, UM, A COMPLETE RENOVATION OF THE IMPACT AND REALLY REPURPOSING, AT LEAST FROM THE ENTERTAINMENT SIDE.
BUT, BUT, UH, I IMAGINE HE WOULD BE ELATED WITH THE OPPORTUNITY TO DO SOME DIFFERENT THINGS ON THE FIRST FLOOR AND, AND CREATING THOSE OPEN SPACES, YOU BEING ABLE TO DEVELOP MORE, UH, HIGHER AND BEST USE, YOU KNOW, OFF THE SQUARE WHERE, WHERE YOU'RE GOING TO BE DEVELOPING.
SO CAN I IMPOSE THAT UPON YOU, MATT, TO ANYTIME YOU'RE READY.
UM, BUT AGAIN, BACK TO, UH, PUBLIC PRESENTING TO THE PUBLIC, AND OF COURSE WE WANT THE PUBLIC'S FEEDBACK AND THAT, THAT WOULD HAPPEN AT THOSE MEETINGS.
SO, UH, EVERYONE, EVERYONE OKAY WITH THEM MOVING FORWARD? UM, WITH THIS, WE, WE HAVE VOICE, WHICH THIS IS A PUBLIC MEETING AS WELL, SO PEOPLE HAVE THE ABILITY TO SEE SOME OF THE COMMENTS.
JUSTIN'S MIND RICK'S, EVERYONE'S UP HERE.
UM, AND THEN, UH, I'LL PROVIDE ADDITIONAL, UM, FEEDBACK.
I, I WANT, YOU KNOW, KIM AND OTHER MAJOR STAKEHOLDERS, MAN, PEOPLE THAT ARE REALLY, REALLY DOWN HERE AND INVESTED, UH, YOU'LL BE GETTING THEIR FEEDBACK.
SO EVERYONE GOOD WITH THEM MOVING FORWARD.
AGAIN, THIS IS A JUST A PUBLIC INPUT SESSION FOR THEM WHERE THEY'RE PRESENTING TO THE PUBLIC AND THEN THEY'RE GONNA GET FEEDBACK WHETHER THEY WANT IT OR NOT.
AND I JUST WANNA SAY THANK YOU FOR THE PRESENTATION.
I, I DO VERY THANKFUL YOU CAME WITH AN ALTERNATIVE PLAN HERE, JUST FOR, FOR US TO SEE.
AND IT'S, AND I KNOW IT'S VERY TOUGH, YOU KNOW, BEING A DEVELOPER DOING THIS BEFORE WE EVEN, YOU KNOW, WE'RE, WE'RE TRYING TO COME UP WITH A CONCEPT, BUT WE HAVEN'T EVEN DISCUSSED NUMBERS AND, AND COST AND, AND IN THE DEVELOPMENT WORLD, THERE'S REASONS WHY THINGS ARE THE WAY THEY ARE.
UM, YOU KNOW, OBVIOUSLY MULTIFAMILY GIVES YOU, YOU KNOW, A LITTLE BIT OF HIGHER RETURN ON YOUR INVESTMENT AND, AND THERE'S THINGS THAT, UM, ARE PUT THERE IN PLACE FOR THAT REASON.
SO I JUST, YOU KNOW, I DO APPLAUD YOU FOR, FOR PUTTING THIS TOGETHER ON THE FOREFRONT BEFORE WE EVEN START TALKING ABOUT, YOU KNOW, WHAT'S THE COST AND LIKE, WHAT'S THE, WHAT'S THE OPPORTUNITY COST OF, OF, OF SHRINKING THAT OR, YOU KNOW, I I, I DO FEEL LIKE, UH, UM, COUNCILMAN BELLA CORRECTLY ON THE, ON, ON THE TOWN HOMES, I MEAN THAT'S, THOSE WOULD BE SOME VERY EXPENSIVE TOWN HOMES.
UM,
[02:00:01]
BUT YEAH, OUT OUTSIDE THE COST, I THINK YOU, YOU GUYS ARE GOING IN A GREAT DIRECTION.UH, THERE IS SOME, SOME FEEDBACK THAT I HAVE THAT, BUT I, YOU KNOW, I DON'T WANT TO GO AND, AND JUMP THE GUN 'CAUSE IT, IT MAY NOT BE FEASIBLE WITH YOUR, WITH THE, WITH THE BUDGET YOU HAVE IN PLACE TO, TO ACCOMPLISH WHAT WE ALL WANT.
BUT IT'S TO, YOU KNOW, HOPEFULLY WE ALL COME TO A, A GOOD BALANCE OF, OF COST VERSUS WHAT WE WANT THE DOWNTOWN TO LOOK LIKE.
[EXECUTIVE SESSION]
NOW MOVE TO, UH, EXECUTIVE SESSION, A ACCORDANCE TO TEXAS GOVERNMENT CODE SECTION 5 5 1 0 7 1 CONSULTATIONS WITH ATTORNEY ON ANY WORK SESSION, SPECIAL SESSION OR REGULAR SESSION AGENDA.AND INQUIRING CONFIDENTIAL ATTORNEY ON CLIENT DEVICE RES NECESSITATED BY THE DELIBERATION OF DISCUSSION.
SET ITEMS 5 5 1 0 7 1 PENDING OR CONTEMPLATED LITIGATION 5 5 1 5 0 7 2 DELIBERATIONS ABOUT REAL PROPERTY MUNICIPAL FACILITIES.
SECTION 5 5 1 0.074 PERSONNEL MATTERS 5 5 1 0.087 DEGRADATION REGARDING ECONOMIC DEVELOPMENT MATTERS.
AND THERE'LL BE NO ACTION ON EXECUTIVE SESSION.
WHO SAID IT? RICK? MOTION TO ADJOURN.