Link

Social

Embed

Disable autoplay on embedded content?

Download

Download
Download Transcript

[00:00:01]

ALL RIGHT. GOOD EVENING. THE TIME IS 5:30.

[CALL TO ORDER]

WE'RE GOING TO GO AHEAD AND GET STARTED ON THE CITY COUNCIL SPECIAL MEETING.

I'M SORRY FOR THE WORK SESSION.

SO IT'S FEBRUARY 13TH, 2023 WILL BEGIN WITH ROLL CALL.

THANK YOU. THIS WILL TAKE US TO A WORK SESSION AGENDA.

[WORK SESSION AGENDA]

WE WILL BEGIN WITH FUTURE PARKS AND BRIDGE PROJECTS, DISCUSSION AND POSSIBLE ACTION REGARDING PLANNING AND FUNDING FOR FUTURE PARK PROJECTS.

GOOD EVENING, MAYOR AND COUNCIL.

BRITTANY ROUSE WITH KIMLEY-HORN.

CHASE AND I PUT TOGETHER A PRESENTATION AND IT'S MOSTLY GOING TO BE USING YOUR PACKET, ALTHOUGH I DO HAVE THE SAME SLIDES ON THE PDF JUST IN CASE ANYONE IN THE AUDIENCE WANTS TO SEE WHAT WE'RE TALKING ABOUT.

SO IF YOU'LL UNCLIP YOUR PACKETS, WE'RE GOING TO GO THROUGH SLIDE BY SLIDE OR PAPER BY PAPER.

SO THE FIRST PAGE THAT YOU'RE GOING TO SEE IS AN AGENDA.

YOU'LL SEE NINE PROJECTS LISTED.

WE'RE GOING TO GO OVER A GENERAL PROJECT OVERVIEW AND THEN CHASE IS GOING TO DISCUSS SOME MAINTENANCE AND OPERATION CONSIDERATIONS FOR EACH OF THESE PROJECTS AT THE END OF THIS PRESENTATION. NUMBER TEN, WE'RE GOING TO TALK ABOUT PROJECT FUNDING.

SO IF YOU WILL SWITCH TO THE NEXT SHEET, I'M GOING TO LET CHASE DO A LITTLE BIT OF AN INTRO FOR US AND THEN WE'LL START WITH THE PROJECTS.

SO AS DISCUSSED IN SOME PREVIOUS COUNCIL MEETINGS, SOME OF THE PARK NEEDS THAT WE ARE CURRENTLY FACING IS FIELDS AND FACILITY SPACE.

AND IT'S KIND OF THE SAME EVEN WITH THE ISD AND TALKS OF FACILITIES.

AND I KNOW THIS GOT BROUGHT UP BY MR. WASHINGTON IN MAY OR IN THE PREVIOUS COUNCIL MEETING.

SO WHAT YOU SEE ON THIS FIRST COUPLE OF PIECES OF PAPER, JUST KIND OF AN OVERVIEW OF WHERE WE STAND NATIONALLY AND IT KIND OF SHOWS THE INDIFFERENCE. SO YOU KIND OF SEE HOW MUCH THE NEEDS ARE FOR ACTUAL ATHLETIC FIELDS BASED ON OUR CURRENT POPULATION. ALSO, I PUT TOGETHER A FEW OF THE LOCAL ENTITIES, LOCAL TOWNS AND WHERE THEY ARE THEIR CURRENT POPULATION, ALONG WITH THEIR FACILITIES THAT THEY HAVE.

NOW, ONE OF THE THINGS THAT I WOULD LIKE TO ADD THAT EACH ONE OF THESE TOWNS WITHIN THE PAST FIVE YEARS ALL HAVE HAD PARK BOND ELECTIONS.

SO THIS TO GET THEIR NEEDS UP TO THEIR CURRENT POPULATION.

THEY HAVE HAD BONDS.

BONDS WERE SOLD FOR.

THE ADDITIONAL FIELDS AND FACILITIES.

ALL RIGHT. AND THEN OUR FIRST PROJECT THAT WE'RE GOING TO TALK ABOUT IS THE PARKS AND REC OFFICE AND MAINTENANCE BUILDING.

SO YOU'LL SEE IT'S A PLAN SHEET.

I'M LOOKING AT C-201.

THIS IS A PLAN SHEET OUT OF OUR CALDWELL PARK PARKING LOT AND DETENTION POND PROJECT.

BUT THE REASON I HIGHLIGHTED THIS IS YOU'LL SEE ON THE LEFT SIDE OF THE PAGE THERE'S A GRAYED OUT RECTANGLE AND THIS IS A PLACEHOLDER FOR THAT BUILDING THAT WE'RE TALKING ABOUT RIGHT NOW.

WE'RE SHOWING IT AT ABOUT 8400 SQUARE FEET, 140 FEET BY ROUGHLY 60 FEET.

RIGHT NOW, WE'RE RESERVING SPACE AND INSTALLING THE UTILITIES FOR THIS FUTURE BUILDING AS PART OF THE PARKING LOT AND DETENTION POND PROJECT.

THERE ARE UTILITIES STUBBED OUT IN.

THE NEXT STEP ON THIS PROJECT WOULD BE TO HIRE AN ARCHITECT TO SPACE PLAN THIS BUILDING, THINK ROUGHLY AROUND THE SAME USE AND DIMENSIONS AS YOUR PUBLIC WORKS BUILDING. SO THERE'S OFFICE SPACE, THERE'S A GARAGE WORKSHOP TYPE SPACE WITH DRIVEWAYS IN AND OUT OF THE GARAGE.

AND THEN THERE'S ALSO SPACE RESERVED FOR SOME OUTDOOR STORAGE ON THIS.

CHASE, ANYTHING ELSE TO ADD ON THAT ONE? NO, THAT'S ACTUALLY PRETTY MUCH COVERS EVERYTHING.

SO THIS WOULD BE A PARKS FACILITY MAINTENANCE BUILDING.

SO ONE OF THE THINGS WE LOOK AT ALSO THIS WOULD BE THE HUB FOR PARKS AND RECREATION.

SO BASED ON THAT, THE INDIVIDUAL CITIZENS, I'M SORRY, CITIZENS WOULD BE ABLE TO UTILIZE THE FACILITY FOR REGISTRATIONS, PICKING UP UNIFORMS. THIS WOULD BE THE LOCATION INSTEAD OF HERE AT CITY HALL, UTILIZING IT FOR DROP OFFS AND PICKUPS AND SO FORTH.

BEING LOCATED AT THE PARK, IT ALSO MAKES SENSE RIGHT THERE AT THE THE ONE COMMUNITY PARK THAT WE DO HAVE FOR ALL THE RECREATION NEEDS.

WHAT YOU ALSO SEE IS THIS WOULD BE A MAINTENANCE BUILDING NOW TYPICALLY AT ALL PARKS, COMMUNITY PARKS, LARGER THAN

[00:05:02]

57,500 ACRES.

THERE'S TYPICALLY A STORAGE UNIT RESTROOM FACILITY WITH STORAGE.

THAT WAY, ALL MAINTENANCE EQUIPMENT CAN BE HOSTED, HELD AT THOSE SITES.

BUT THIS RIGHT HERE, THIS FACILITY WOULD BE JUST LIKE WHAT IS AT PUBLIC WORKS.

THIS WOULD BE THE PARK'S BUILDING.

WE HAVE.

LISTED FROM 1-9.

AND THIS KIND OF FALLS IN LINE OF WHAT STAFF BELIEVES MOST IMPORTANT TO LOWER ON THE PRIORITY LIST.

SO WHAT YOU SEE FROM THE HIGHEST PRIORITY DOWN THIS IS A TOP PRIORITY BECAUSE CURRENTLY WE HAVE NEW COLLEGE STREET THAT GOES THROUGH THE NEW PARK ENTRANCE.

UNDER CONSTRUCTION RIGHT NOW IS THE ENTRANCE FEATURE WHERE WE WILL BE MOVING TO A NEW ENTRANCE FEATURE, REDESIGNING THE PARK ENTRANCE OFF BEACHUM.

IT'S A NEW ROAD AND WE HAVE A MAINTENANCE BUILDING THAT IS OLD, DOESN'T HAVE FACILITIES IN IT.

SO PARK STAFF USED AS A WAREHOUSE RIGHT NOW.

THAT BUILDING ACTUALLY RUNS RIGHT ALONG BESIDE THAT MAINTENANCE CURRENT BUILDING.

SO IN THE MASTER PLAN, THAT BUILDING IS DESIGNED TO BE REMOVED AND THIS WOULD END UP TAKING THE PLACE.

ONCE CONSTRUCTED, WOULD YOU AND JESSICA BE GOING OVER TO THAT BUILDING OR STAYING HERE? I'M SO SORRY. SO ONCE CONSTRUCTED, ARE YOU AND JESSICA GOING OVER TO THAT BUILDING IN THE OFFICE PORTION OR STAYING HERE? THAT WE HAVE NOT WORKED THROUGH THOSE [INAUDIBLE] .

I'LL BE HONEST, I'M CONTENT WHERE I AM, BUT WE WILL WORK THROUGH ANY STAFFING CHANGES, LOCATIONS AND SO FORTH.

AT THAT TIME, AS EVEN IN OUR OFFICE AREA RIGHT NOW, THE EVENTS AND COMMUNICATION SIDE ARE BOTH GROWING.

SO I'M NOT SAYING THAT THEY WON'T UTILIZE THE FACILITY IF WE WERE TO MOVE, BUT RIGHT NOW, I MEAN, I ACTUALLY LIKE WHERE I'M AT, SO.

ANYTHING ELSE ON THAT ONE.

WE CAN ALWAYS COME BACK AT THE END TOO, BUT IT MIGHT WORK WELL TO DO QUESTIONS WHILE WE'RE WHILE WE HAVE IT FRESH ON OUR MIND.

OK. NEXT SLIDE IS THE DALE HEARD LAMBERT PARK.

SO YOU SHOULD SEE AN AERIAL WITH SOME FIELDS ON IT.

OK. SO THIS IS ONE OF THE TWO BIGGER PIECES OF PARK PROPERTY THAT THE CITY HAS RECENTLY PURCHASED.

THIS IS A VERY EARLY CONCEPTUAL PLAN THAT WE PREPARED JUST TO HAVE AN IDEA ON WHAT THE DESIGN MIGHT LOOK LIKE.

AND AS YOU KNOW, WE'RE RIGHT IN THE MIDDLE OF PUTTING TOGETHER A MASTER PLAN FOR THIS PARK.

SO IT DEFINITELY WILL CHANGE FROM WHAT YOU SEE HERE.

THIS IS JUST A REALLY EARLY DRAWING TO JOG YOUR MEMORY ON WHAT WE ARE TALKING ABOUT AND WHERE WE WERE TALKING ABOUT.

SO THIS IS THE PROPERTY.

IT'S JUST NORTH OF 380 BY THE PRINCETON LAKES SUBDIVISION, JUST NORTH OF THAT.

BRITTANY? YES? SURE. I JUST WANT TO CLEAR UP ONE THING.

BRITTANY MENTIONED THAT WE JUST PURCHASED THIS PROPERTY.

SHE MAY OR MAY NOT BE AWARE WE'VE OWNED THIS PROPERTY FOR MANY YEARS.

THIS WAS A DONATION AND HAS SOME LAND RIGHTS THAT TRAVEL WITH IT.

AND THIS IS THIS WAS GIVEN TO THE CITY MANY YEARS AGO FOR A PUBLIC PUBLIC USE PROJECT.

SO. YES.

THANK YOU, MR. BURKE. I KNEW AND I MISSPOKE.

SO I'M GLAD HE CORRECTED ME.

SO THE GOAL OF THIS PARK AND CHASE MAY BE ABLE TO ADD ON AND EMBELLISH THIS, BUT THIS THE GOAL OF THIS IS TO BE A PREMIER COMPETITION TOURNAMENT PARK. SO THE IDEA IS THAT THIS COMPLEX IS GOING TO ATTRACT TOURNAMENTS, GOING TO ATTRACT BUSINESS TO THE CITY AS PEOPLE STAY FOR WEEKEND TOURNAMENTS, SHOP, STAY, EAT, ET CETERA.

WE'RE AIMING FOR AT LEAST A FIVE PLEX.

SO IF YOU THINK OF THE Z PLEX IN THE CITY OF MELISSA, SOMETHING ALONG THOSE LINES.

SO VERY TOP OF THE LINE, PREMIER PARK.

WE'RE ALSO GOING TO INCLUDE AMENITIES IN ADDITION TO THE FIELD.

SO RESTROOMS, CONCESSION STANDS, PLAYGROUNDS, TRAILS, SHADE STRUCTURES, ETC.

SO I'LL LET CHASE ADD ON TO THAT.

SO LIKE THE Z PLEX IN MELISSA, IT IS JUST A COMPETITION COMPLEX OF BUT THEY DO IT DOES SERVICE ALL OF THEIR RECREATION NEEDS DURING THE WEEK.

THE ONE THING THAT I WOULD LIKE TO TO SAY WOULD BE BEING ALL TURF ARTIFICIAL TURF.

IT GUARANTEES RECREATION PLAY DURING THE WEEK.

OBVIOUSLY IF IT'S RAINING, YOU'RE NOT GOING TO BE PLAYING AT THAT MOMENT.

BUT AS SOON AS THE RAIN CLEARS, YOU CAN GO DIRECTLY TO PLAY VERSUS CURRENTLY.

[00:10:01]

WHAT WE HAVE IS RIGHT NOW, IF IT'S RAINING, WE'RE OUT OF PLAY FOR THREE OR FOUR DAYS WITH THE COLD TEMPERATURES, NO SUNLIGHT AND JUST THE TEMP ITSELF.

THE FIELDS DON'T DRY.

A FACILITY LIKE THIS WOULD MEET THOSE NUMBER ONE, THE NEEDS THAT WE HAVE TODAY AND FOR THE FUTURE.

A FIELD, YOU SHOULD HAVE ONE FOR EVERY 3 TO 4000 INDIVIDUALS, CITIZENS THROUGH YOUR CITY.

BEING ARTIFICIAL.

YOU CAN ACTUALLY SAY ALMOST DOUBLE THAT BECAUSE YOU'RE GETTING THE USE OUT OF THE FIELD ALL THE TIME VERSUS ONLY WHEN THE WEATHER IS GOOD.

NOW, WHEN THESE STANDARDS COME INTO PLAY, OBVIOUSLY THOSE THINGS ARE TAKEN INTO CONSIDERATION.

ARTIFICIAL TURF, LIKE I SAID, IT'S GUARANTEED AT THAT MOMENT.

IT ALSO BRINGS IN REVENUE FOR THE CITY.

WE'D BE LOOKING AT 30 TO 40 TOURNAMENT WEEKENDS OUT OF THE YEAR.

THAT'S EIGHT TEAMS PER FIELD.

SO, YOU KNOW, ON SIX FIELDS YOU CAN ROUGHLY RUN A TOURNAMENT WHICH WOULD ALWAYS BE BOOKED UP BECAUSE TEAMS THAT TRAVEL, THEY WANT TO PLAY WHERE THEY KNOW THAT THEY'RE GUARANTEED TO PLAY.

THEY'RE NOT LOOKING FOR TOURNAMENTS THAT ARE HELD ON NATURAL GRASS OR CLAY BECAUSE THEY NEVER KNOW WHAT THE WEATHER IS, RIGHT? IF THEY SCHEDULE A TOURNAMENT ON ARTIFICIAL FACILITIES SUCH AS Z PLEX, Z PLEX IS A FACILITY THAT IT IS BRINGING IN TEAMS FROM ALL OVER THE US, AND THAT IS ESPECIALLY NOW THAT THEY HAVE DORMITORIES ON THE FACILITY.

AND MELISSA AS WELL, ALONG WITH HOTELS STAY.

YES, SIR. IT'S A BIG BUSINESS.

THIS, TOO, WOULD BE A PREMIER LOCATION THAT PUT PRINCETON NOT ONLY ON THE MAP, BUT IT WOULD BE IDENTIFIED AS A PREMIER LOCATION AROUND NORTH TEXAS FOR HAVING A COMPLEX LIKE THIS ALL IN ONE INCLUSIVE PLACE.

THE OTHER SIDE TO ALL ARTIFICIAL CONCRETE, IT'S VERY LOW MAINTENANCE.

THERE'S NO, IT DOESN'T TAKE MUCH ON A PERSONNEL TO GO OUT THERE AND MOVE BASES, MOVE MOUNDS AND SO FORTH.

EVERYTHING'S ARTIFICIAL.

SO YOU'RE NOT MOWING THE GRASS.

YOU'RE NOT FERTILIZERS, PESTICIDES, HERBICIDES, CLAY, RAIN OUTS, ALL OF THOSE THINGS.

IT ACTUALLY IS MAINTENANCE FREE.

SO ONE OF THE FLIP SIDE IS THAT CALDWELL, WE HAVE FOUR FIELDS THERE AND WE'RE LOOKING AT ABOUT $20,000 A YEAR PER FIELD IS WHAT IT ROUGHLY COSTS.

SO AROUND 80,000 ANNUAL BUDGET IS WHAT GOES INTO THE FIELDS AT CALDWELL.

THAT'S LIKE I SAID, THE TURF, IT'S THE, THE CLAY, THE CONDITIONERS.

ALL OF THE THINGS THAT IT ACTUALLY TAKES TO MAKE SURE THAT THE FIELDS PLAY.

AND THEN IF IT'S RAINING, WE'RE STILL NOT PLAYING.

SO THIS ACTUALLY ELIMINATES THAT COMPLETELY.

PARKING AND CONCRETE, BASICALLY WHAT THIS WOULD BE.

IT'S ALSO LOCATED DIRECTLY ON A CORRIDOR, ON A COLLIN COUNTY TRAIL CORRIDOR, WHICH IS SISTER GROVE THAT RUNS OVER TO TWIN GROVES.

SO IT IS A PRIME LOCATION FOR.

HIKING BIKE TRAILS, PUSHING FORWARD THROUGH THE FUTURE AS WELL.

SO HAVING PARKING AND TRAIL SYSTEM THROUGH THIS, THIS ACTUALLY BECOMES A GREAT TRAILHEAD FOR THOSE LOCATIONS.

AND I'LL BE MORE THAN HAPPY TO ANSWER ANY QUESTIONS IF ANYBODY HAS.

ARE WE PLANNING TO KEEP THE EXISTING FIELDS THAT ARE AT JM CALDWELL RIGHT NOW, OR ARE WE JUST UTILIZING THESE AND REPURPOSING THE OTHERS? SO THE ONE THING THAT I WOULD LOOK AT ENTERTAINING FROM A CONTRACTOR WOULD BE.

EVEN DURING THIS PROJECT, WHAT WOULD IT BE TO ADD ARTIFICIAL TURF JUST TO THE FIELDS? A LOT OF THE FIELDS GO TO HYBRIDS, HIGH SCHOOLS THAT DON'T QUITE HAVE THE BOND CAPACITY TO TURF AN ENTIRE OR REDO AN ENTIRE FIELD.

THEY'LL COME THROUGH AND TURF JUST THE INFIELD BECAUSE THAT'S TYPICALLY WHAT'S HAPPENING.

WHAT'S CANCELING GAMES.

IF IF IT'S RAINING, YOU'RE PLAYING ON MUD AT THAT POINT.

CORRECT. BUT IF YOU TURF THE INFIELD, WELL, YOU'VE GOT THREE INDIVIDUALS THAT RUN AROUND ON THE OUTFIELD.

IF IT'S A LITTLE WET, YOU CAN STILL PLAY GAMES CAN STILL HAPPEN.

BUT. RIGHT NOW AS FAR AS ONE, THIS COMPLEX WOULD BE COMPLETELY TURF.

GETTING QUOTES FROM A CONTRACTOR TO MOVE FORWARD WITH CALDWELL AT SOME POINT WOULD BE SOMETHING WHETHER IT'S ANNUAL BUDGETED OR EVEN ROLLED IN.

BUT THAT'S THAT WOULD BE A TALK AS FAR AS POSSIBLY RUNNING IN THAT ROUTE.

[00:15:10]

ALL RIGHTY. OUR NEXT ONE IS BACK TO CALDWELL PARK.

SO IF YOU'LL LOOK AT YOUR NEXT EXHIBIT, THIS IS OUR MASTER PLAN THAT WE'VE PUT SOME DIFFERENT COLORED BOXES AROUND TO SHOW THE DIFFERENT PHASE THAT IT'S IN. SO I WILL START WITH THE RED.

SO THAT IS WE'RE CALLING IT PHASE ONE.

WE'VE HAD MULTIPLE PHASES OVER THE YEARS.

SO THIS IS PHASE ONE NOW.

THIS IS THE PARKING LOT AND THE DETENTION POND PROJECT THAT I WAS TALKING ABOUT ON OUR VERY FIRST PROJECT.

THIS IS GOING TO GIVE US 398 PARKING SPACES, WHICH SORELY NEEDED OUT AT THE PARK, ESPECIALLY WHEN THERE'S EVENTS OR GAMES.

THAT DOES INCLUDE ADA AND ELECTRIC VEHICLE CHARGING SPACES IN THAT AND ALSO THE DETENTION AND RETENTION POND THAT WILL HAVE A FOUNTAIN ON IT.

THE BLUE OUTLINES ARE PROJECTS THAT ARE UNDER DESIGN AND I'LL START WITH DOWN ON THE BOTTOM, THE FUTURE ENTRANCE FEATURE.

THIS PROJECT INCORPORATES RELOCATING THE OLD HISTORIC ELEVATED STORAGE TANK TO THE ENTRANCE, THE NEW ENTRANCE OF THE PARK, PUTTING SOME NEW SIGNAGE, SOME LIGHTING, SOME LANDSCAPE FEATURES WITH SOME WALLS, AND THAT INCLUDES SOME HISTORY ABOUT THE PARK.

SO SOME PLAQUES EXPLAINING WHAT ALL WENT THERE.

AND YOU CAN SEE JUST NORTH OF THAT, NORTH OF WEST COLLEGE STREET, THREE ADDITIONAL MULTIPURPOSE MULTI-USE FIELDS.

AS WE WORK OUR WAY EAST, RIGHT IN THE MIDDLE OF THE PARK, WE ARE WORKING ON FUTURE PLAY EQUIPMENT HERE.

SO RELOCATING THE PLAYGROUND THAT IS THERE NOW, IT'S UNDER SOME TREES, WHICH IS HAS SOME SAFETY CONCERNS.

SO, STORING THAT EQUIPMENT TO BE USED SOMEWHERE ELSE IN THE FUTURE, PUTTING SOME NEW EQUIPMENT, TWO SETS, TWO AGE GROUPS, IN THAT LOCATION CENTRAL TO THE PARK. MOVING A LITTLE FURTHER EAST ON THE UNDER DESIGN PORTION IS THE RESTROOM AND SHADE SAIL.

SO THAT'S OUT BY THE TRAIL, OUT BY THE EXISTING MULTIUSE FIELD IN THE DOG PARK, REPURPOSING THE CONCRETE THAT'S UNDER THAT EXISTING PAVILION AND REPLACING THE PAVILION ROOF WITH SOME SHADE SAILS AND ADDING A RESTROOM BUILDING ON THAT SIDE OF THE PARK FOR PEOPLE TO USE.

AND THEN IN THE TOP RIGHT HAND CORNER, THAT'S A TRAILHEAD PIECE AND PARKING.

IT'S ALSO GOING TO INCLUDE A RESTROOM AND A SHADE SAIL AS WELL FOR THOSE THAT WANT TO USE THE TRAILS.

THAT THOSE ARE THE PIECES THAT ARE UNDER DESIGN NOW.

THE ORANGE IS WHAT WE'RE CALLING BUILD OUT PHASE ONE.

AND I'M GOING TO EXCLUDE THE FUTURE PARKS AND REC BUILDING FROM THAT PIECE SINCE WE'VE ALREADY TALKED ABOUT THAT AS A SEPARATE PROJECT.

SO AT THAT INCLUDES IS PROGRAMING THAT SOUTH WEST PIECE OF THE PARK.

THERE'S BEEN SOME DIFFERENT IDEAS OVER THE YEARS, SO THAT REALLY HASN'T BEEN PROGRAMED YET, BUT IT'S SOMETHING THAT SHOULD BE PROGRAMED IN THE FUTURE AND DEVELOPED BUILDING THE FIRE LANE AROUND THE EXISTING BASEBALL FIELDS, THAT'S GOING TO ADD ADDITIONAL PARKING.

IT'S GOING TO PULL THE FENCES IN A BIT ON THOSE FIELDS, ADDING A BERM FOR SEATING FOR SPECTATORS.

IT'S ALSO ADDING AN ADDITIONAL FIELD JUST NORTH OF THE BASEBALL FIELDS AND THEN POTENTIALLY RESURFACING AND RELOCATING, SLIGHTLY SHIFTING NORTH THE EXISTING MULTI-USE FIELD JUST TO THE EAST OF THAT NEW FIELD, ALSO ADDING FIVE SAND VOLLEYBALL COURTS.

AND THAT IS, WELL, LET'S SEE.

IN BETWEEN THE TWO WESTERNMOST FIELDS, ALSO ADDING FOUR BASKETBALL COURTS, SO TWO OF WHICH WOULD BE COVERED WITH A SHADE SAIL INTO THAT ARE PURELY OUTDOOR.

AND THEN ADDING, OF COURSE, SOME ADDITIONAL TRAIL CONNECTIONS THERE.

CHASE? SO ONE OF THE KEY POINTS WITH THE COMPLETE BUILD OUT OF THIS IS.

THE BUILD OUT OF THE MULTI USE FIELDS.

THIS STARTS TO PUT US IN THE DIRECTION THAT WE NEED TO GO FOR MULTI USE OR SOCCER FIELDS, FOOTBALL FIELDS, WHATEVER WE WANT TO CLASSIFY THEM AS.

BUT THOSE ARE WHAT THOSE IN BASEBALL SOFTBALL FIELDS ARE.

WHAT I SEE AS BEING MOST IMMINENT NEEDS.

THE COMPLETION OF THIS PROJECT WOULD PUT US IN THAT IN THAT RIGHT DIRECTION.

ALSO, IT COMPLETES A PROJECT THAT HAS BEEN OVERHANGING FOR A REALLY LONG TIME, RIGHT? CALDWELL PARK AND THE CONSTRUCTION OF IT.

THE MASTER PLAN HAS CONSTANTLY EVOLVED OVER THE YEARS AS OUR NEEDS HAVE EVOLVED, BUT THIS COMPLETES THAT PROJECT AND ALLOWS US TO NOW

[00:20:09]

START PUTTING OUR FOCUS INTO THE NEXT PARK AND WHATEVER THAT MAY BE.

AND WE'LL TALK HERE SHORTLY ON THE NEW GEORGIA, TEXAS LAND AND CATTLE PARK, BUT I FORESEE US COMPLETELY FINISHING THIS PROJECT FOR THE NEEDS THAT WE HAVE TODAY THAT WE ALREADY HAVE MASTER PLANNED SO WE KNOW WHAT WE NEED HERE.

WE HAVE IT DESIGNED NOW LET'S BUILD IT.

IT'S BUILD IT AND MOVE ON AND IDENTIFY WHAT OUR FUTURE NEEDS WOULD BE.

PERSONNEL. SO ONE OF THE THINGS TO TAKE IN CONSIDERATION, I SAY JUST A RULE OF THUMB, BUT IT'S PRETTY CLOSE, PRETTY ACCURATE.

WHAT MOST OTHER CITIES ALONG WITH US, WHAT WE KIND OF LOOK AT, IS FINISHED LAND.

ONE EMPLOYEE CAN ROUGHLY TAKE CARE OF ABOUT TEN ACRES A WEEK.

AND WHEN I SAY FINISH, THEN THAT DOESN'T MEAN LIKE RIGHT NOW IT'S ALL OPEN FIELDS, RIGHT? SO ONE PERSON CAN TECHNICALLY TAKE CARE OF TRACTOR MOWING, TEN ACRES.

THAT'S NOT FINISHED.

SPORTS FIELDS ARE SOME BEAUTIFICATION AREAS.

ONE EMPLOYEE, ROUGHLY TEN ACRES PER WEEK.

FOR INSTANCE, I'M GOING TO USE THE PARK HERE, MUNICIPAL CENTER PARK.

WE HAVE TWO FULL TIME EMPLOYEES STATIONED AT THIS PART.

WE HAVE A LOT OF BEAUTIFICATION, A LOT OF FLOWER BEDS, THOSE TYPE OF THINGS, SO THAT REQUIRES A LITTLE BIT MORE WORK.

OF COURSE, THE DITCHES AREN'T FLAT MOWING, SO IT'S A LITTLE MORE DIFFICULT.

BUT WE HAVE TEN ACRE PARK HERE, SO ROUGHLY IT TAKES TWO FOR THAT FOR THE BEAUTIFICATION.

BUT ON SPORTS FIELDS, JUST A RULE OF THUMB IS ROUGHLY.

ONE EMPLOYEE FOR TEN ACRES.

SO ONCE THIS PROJECT IS COMPLETE, WE'D BE LOOKING AT AN ADDITIONAL TWO PERSONNEL TO KEEP UP WITH THE MAINTENANCE FOR WHAT WE WOULD CURRENTLY BE BUILDING AND THEN LIGHTING EXPENDITURES AND SO FORTH.

YOU'RE LOOKING AT ABOUT AN ADDITIONAL 80,000 ANNUAL IMPACT ON THE BUDGET.

ANY QUESTIONS? ALL RIGHT.

MOVING RIGHT ALONG TO JJ BOOK PARK.

SO PHASE ONE IS UNDER CONSTRUCTION RIGHT NOW.

THAT INCLUDES THE AMENITY POND WITH THE FOUNTAIN TRAILS, PARKING, TWO PAVILIONS, A RESTROOM ON THE SOUTH SIDE OF THE PARK.

AND LET'S SEE, I THINK THAT'S ABOUT IT ON THAT IN THE FUTURE.

SO WE'RE CALLING THAT PHASE ONE.

WHAT'S UNDER CONSTRUCTION RIGHT NOW.

PHASE TWO WILL INCLUDE THIS SKATE PARK THAT'S SHOWN ON THE GRAY RECTANGLE.

ITEM NUMBER TEN, IT INCLUDES A PLAYGROUND THAT'S SHOWN ON 16, KIND OF AN ORANGE COLOR AND ALSO A SPLASH PAD THAT'S SHOWN IN 18. YOU'LL ALSO SEE ON THE VERY LEFT SIDE OF THE PAGE RIGHT NOW THERE IS AN ACCESS EASEMENT FOR THE PIECE OF PROPERTY JUST UNDERNEATH THE JAMES GRIFFIN PIECE OF PROPERTY.

WHEN THAT PROPERTY SELLS AND WHEN IT DEVELOPS THAT MAINTENANCE, THAT ACCESS AND MAINTENANCE EASEMENT WILL GO AWAY AND IT WILL ALLOW US TO ADD ADDITIONAL PARKING AND TO ADD A TURNAROUND. SO YOU'LL SEE THAT ON THE LEFT SIDE OF THE PAGE.

THE OTHER ITEM THAT WE'RE GOING TO ADD IS A LOT OF THE PLANTING THAT YOU SEE IN LANDSCAPE IMPROVEMENTS.

CHASE, I'LL LET YOU TAKE THAT.

SO WITH PHASE ONE CURRENTLY UNDER CONSTRUCTION, THIS IS ANOTHER ONE OF THOSE LOW HANGING FRUITS THAT I WOULD LIKE TO SCRATCH OFF THE LIST.

THIS ACT, THIS PARK PROVIDES DIFFERENT AMENITIES FOR ALL DIFFERENT AGES AND DIFFERENT INDIVIDUALS THROUGHOUT THE CITY.

ONE OF THE ACTIVE SIDES OF THINGS IS GOING TO BE, OF COURSE, THE SKATEPARK.

PRINCETON DOESN'T HAVE A SKATE PARK, BUT THOSE KIDS ARE HAVING TO TRAVEL TO WEST MCKINNEY OR TO ALLEN CURRENTLY.

NOTHING WRONG WITH SKATING.

A LOT OF PEOPLE REALLY ENJOY IT AND I THINK IT'S A GREAT AMENITY.

WE HAVE IT IN OUR MASTER PLAN.

THIS IS A PROJECT THAT CDC HAS TAKEN ON THROUGH MASTER PLANNING THIS PARK ALONG WITH FUNDING SO FAR.

BUT THIS IS SOMETHING THAT, IT'S BEEN ON THE SHELF FOR FIVE YEARS AND WE ARE NOW UNDER CONSTRUCTION WITH PHASE ONE.

IT'S SOMETHING THAT WE'D LIKE TO GET SCRATCHED OFF AND GET COMPLETED SO THAT WAY, NUMBER ONE, WE HAVE THE SKATEPARK COMPLETED.

WE HAVE A SPLASH PARK FOR PARENTS WITH CHILDREN.

SOMETHING TO DO NOW. THERE'S A LOT OF SPLASH PARKS WITHIN THE CITY, BUT THOSE ARE ALL UNDER HOA, SO THEY'RE NOT PUBLIC, THEY'RE ACTUALLY MORE PRIVATE.

SO THIS WOULD PROVIDE A FACILITY FOR ANY INDIVIDUALS TO BRING THEIR KIDS.

[00:25:02]

ALSO, THIS IS ROUGHLY TEN ACRES BETWEEN THE TWO.

SO WE'D BE LOOKING AT ANOTHER ADDITIONAL PERSONNEL FOR THE MAINTENANCE OF.

JJ BOOK PARK.

AND SINCE PHASE ONE IS UNDER CONSTRUCTION AND COMPLETE, THE NEXT TWO PHASES ARE ACTUALLY THE EASIER PORTIONS OF IT.

ALL THE UTILITIES ARE IN PLACE.

THE PARKING, THE NEXT TWO PHASES ARE ACTUALLY MORE DESIGN BUILDS.

SO WE DESIGN A SKATEPARK AND CONSTRUCT IT.

WE DESIGN A SPLASH PARK AND CONSTRUCT IT.

EVERYTHING IS IN PLACE WATER, SEWER AND SO FORTH UNDER PHASE ONE.

SO THE NEXT TWO PHASES ARE ACTUALLY THE EASIEST OF IT.

SO THAT'S THE REASON THIS PROJECT WOULD BE ON THAT LIST.

ALL RIGHT. MOVING ON TO CALDWELL PARK SOUTH.

THIS IS A RECENT PIECE OF PROPERTY THAT THE CITY ACQUIRED.

WE NEEDED A FAIRLY LARGE EASEMENT FOR OUR SANITARY SEWER PROJECT THAT WENT THROUGH THERE.

AND THIS DID COME ACROSS Y'ALL'S DESK NOT TOO LONG AGO.

SO WHAT YOU HAVE IN FRONT OF YOU IS A VERY PRELIMINARY CONCEPT PLAN.

WE PUT SOMETHING ON THERE JUST TO SAY HOW MANY FIELDS COULD WE FIT WITH THE EXISTING INFRASTRUCTURE OUT THERE.

YOU'LL SEE IN BLUE IT'S DASHED IN BLUE ON EITHER SIDE OF THE PARK THAT SHOWS THE LOCATION OF THE FLOODPLAIN.

SO YOU CAN SEE ALMOST THE ENTIRE PIECE OF PROPERTY IS IN THE FLOODPLAIN.

THAT DOES NOT MEAN IT'S USELESS.

YOU CAN PUT FIELDS, YOU CAN PUT TRAILS, YOU CAN PUT ANYTHING THAT WILL BEND DOWN IN A STORM EVENT.

SO COLLAPSIBLE GOALPOSTS OR THINGS LIKE THAT.

THOSE CAN ALL GO IN THE FLOODPLAIN.

SO IT REALLY IS A PERFECT PIECE OF PROPERTY TO BE USED FOR PARKS AND RECREATION.

YOU'LL SEE ON THE TOP RIGHT HAND CORNER WE ARE SHOWING A PROPOSED RESTROOM BUILDING SINCE IT'S OUTSIDE OF THE FLOODPLAIN.

WE CAN PUT A STRUCTURE THERE AND I THINK WE MIGHT BE ABLE TO PUT A PAVILION, SOME SORT OF SHADE STRUCTURE, SOMETHING LIKE THAT.

SO THIS IS JUST AN INITIAL CONCEPT PLAN.

IT WOULD IT WOULD BE MORE MASTER PLANNED UNDER DESIGN, BUT JUST FOR A CONCEPT, WE WERE ABLE TO FIT THREE MULTIPURPOSE FIELDS. WE ARE SHOWING SOME TRAIL ALONG THE ENTIRE PROPERTY AND ALSO SHOWING A TRAIL CONNECTION OVER TO THE FOREST PARK SUBDIVISION.

AND WE DO ANTICIPATE THAT THAT WOULD REQUIRE SOME SORT OF PEDESTRIAN BRIDGE, AND WE ARE INCLUDING THAT IN OUR COST ESTIMATE.

THAT'S ALL I HAD ON THAT.

I DO WANT TO MENTION THE GREEN LINE THAT'S GOING ACROSS THERE.

ONCOR IS PLANNING ON PUTTING A HIGH TRANSMISSION, HIGH VOLTAGE TRANSMISSION LINE IN THE AREA.

SO THIS CONCEPT PLAN WILL HAVE TO CHANGE WHEN WE KNOW THE EXACT LOCATION OF THOSE POLES.

WE OBVIOUSLY CAN'T HAVE A FIELD WITH A POLE IN THE MIDDLE OF IT.

SO WE'LL HAVE TO TAKE THAT INTO CONSIDERATION.

BUT WITHOUT KNOWING THE DETAILS ON THAT, WE'RE SHOWING IT AS AN FYI RIGHT NOW, KNOWING THAT THIS WILL HAVE TO CHANGE.

DO WE HAVE ANY KIND OF TIME FRAME ON WHEN WE MIGHT HEAR FROM ONCOR? I'LL DEFER TO MR. PORT.

I DON'T HAVE AN EXACT TIME FRAME, BUT WE'VE HAD RECENT CONVERSATIONS WITH THEM DURING THE THEY'VE BEEN APPROVED BY THE PUC.

THEY'VE, WE'VE ALREADY DESIGNATED THE SUBSTATION SITE ON THE SOUTH END OF TOWN, AND THEY'RE IN THE PROCESS OF PROPERTY ACQUISITION.

WE'VE BEEN DISCUSSING THIS WITH THEM.

THEY WILL THEY WILL HAVE TO ACQUIRE THAT FROM US.

AND IT IS A TRANSMISSION LINE.

SO THE POLE SPACINGS ARE REALLY FAR APART.

SO HOWEVER IT WORKS OUT ON THIS SIDE, WE SHOULD BE ABLE TO ACCOMMODATE IT.

IT'S PRETTY AGGRESSIVE.

I DON'T HAVE AN EXACT TIME FRAME THOUGH.

NEXT COUPLE OF YEARS, SOMETHING LIKE THANK YOU.

MISS BRITNEY, YOU SAID THAT THAT PEDESTRIAN OVERPASS WOULD CONNECT TO WHERE EXACTLY? FOREST PARK SUBDIVISION.

IF YOU LOOK AT YOUR EXHIBIT, YOU CAN KIND OF SEE WHERE THE ROADS ARE ROUGHED IN THERE.

THIS IS PROBABLY BEEN UPDATED SINCE I PUT TOGETHER THIS EXHIBIT.

BUT DOES THAT ANSWER YOUR QUESTION? OKAY, GREAT. AND REALLY, AS FAR AS IT GOES, THIS RIGHT HERE IS JUST A PIECE OF PROPERTY THAT WE HAVE.

IT'S ADJACENT TO CALDWELL PARK.

SO IT JUST SEEMS LIKE EASY THAT WE KNOW THAT WE COULD PUT FIELDS.

SO UTILIZING WE HAVE THE PROPERTY, IT'S NEXT TO THE PARK THAT WE CURRENTLY HAVE.

IT JUST MAKES SENSE TO MOVE FORWARD AND ADD SOME FIELDS ON THIS PROPERTY IF IF POSSIBLE.

DO YOU ENVISION THESE FIELDS TO BE TURF AS WELL, OR THESE BE JUST MOST BEING IN THE FLOODPLAIN, THESE FIELDS WOULD NEED TO BE ALL NATURAL GRASS.

SO THIS WOULDN'T BE SOMETHING THAT I WOULD I WOULDN'T PUT ARTIFICIAL TURF IN THE FLOODPLAIN BECAUSE IF HEAVY WATER DOES COME THROUGH, END UP CAUSING DAMAGE, RUINING

[00:30:08]

THE WARRANTY AND EVERYTHING ELSE.

SO THIS WOULD JUST BE A NATURAL GRASS SOCCER AND MULTI USE FIELDS.

OKAY. AND THEN OUR NEXT TWO EXHIBITS ARE THE TRAIL GAP ANALYSIS.

I'M NOT GOING TO THIS IS A PRETTY COMPREHENSIVE LOOK ON.

WE MAPPED ALL OF THE EXISTING TRAILS, BOTH IN PRIVATE DEVELOPMENTS AND SIDEWALKS THAT THE CITY CONSTRUCTED.

AND WE HIGHLIGHTED PLACES WHERE IT'S KIND OF THE LOW HANGING FRUIT.

HEY, IF WE COULD GET A SIDEWALK HERE, IT WOULD MAKE IT WOULD IMPROVE THE CONNECTIVITY AND MAKE THE CONNECTION.

YOU'LL SEE A LINE ITEM LATER AT THE LAST SLIDE WITH SOME MONEY IN IT.

I WANT TO HIGHLIGHT THE TOP THREE PROJECTS IN THE TOP RIGHT CORNER OF THE PROJECT.

DESCRIPTIONS. NUMBER ONE, THE TIKI DRIVE TO BROOKSIDE TRAIL CONNECTION.

SO IF YOU'LL LOOK AT YOUR SECOND PAGE, IT'S TOWARDS THE TOP THERE AND THAT'S CONNECTING THE SIDEWALK THAT WAS INSTALLED AS PART OF THE TIKI DRIVE RECONSTRUCTION TO THE BROOKSIDE TRAIL.

SO THAT'S NUMBER ONE.

NUMBER TWO IS THE FOREST PARK TO TIKI DRIVE TRAIL CONNECTION.

THAT'S BACK ON THE FIRST PAGE, BUT IT GOES FROM TIKI AS PART OF THE TIKI DRIVE RECONSTRUCTION PROJECT UNDERNEATH 380.

SO WE ARE ENVISIONING AN UNDERPASS HERE TO EVENTUALLY CONNECT TO THE FOREST PARK TRAIL SYSTEM THAT WE JUST TALKED ABOUT WITH CALDWELL SOUTH.

SO THAT WOULD BE A GREAT CONNECTOR FROM NORTH TO SOUTH WITH AN ADDED SAFETY COMPONENT OF GOING UNDERNEATH 380 INSTEAD OF TRYING TO GO ACROSS IT.

THE THIRD PROJECT THAT I'D LIKE TO HIGHLIGHT IS THE MONTE CARLO BOULEVARD PEDESTRIAN BRIDGE TRAIL CONNECTION THAT'S TOWARDS THE MIDDLE OF PAGE ONE ACROSS TIKI CREEK, AND THAT WOULD PROVIDE CONNECTIVITY FROM SOUTHERN MIDDLE SCHOOL OVER TO LONG NECK FM 75.

BRITTANYY PRETTY MUCH EXPLAINED EVERYTHING ON THAT.

SO IF YOU HAVE ANY QUESTIONS, I THINK THAT'D BE.

ALL RIGHTY. AND THEN OUR NEXT PROJECT THAT WE WANTED TO HIGHLIGHT WAS OUR PROPOSED RECREATION CENTER.

THE FIRST SLIDE YOU'LL SEE IS THE CONCEPTUAL FLOOR PLAN THAT WAS DEVELOPED AS PART OF THE MASTER PLAN UPDATE THAT WAS DONE IN THE LAST COUPLE OF YEARS.

AS PART OF THAT PROJECT, THERE WAS POTENTIAL PROGRAMING THAT WAS DEVELOPED, AND THIS SPECIFIC FLOOR PLAN THAT YOU'RE LOOKING AT, THIS WAS THE LARGER OF THE TWO OPTIONS PRESENTED 25,000 SQUARE FEET WITH A 16 MILLION ESTIMATED COST IN 20 $21.

THE NEXT SLIDE SHOWS THAT SAME 25,000 SQUARE FOOT FOOTPRINT ON THE EXISTING PIECE OF PROPERTY THAT IS SLATED FOR THIS PROJECT.

YOU CAN SEE PARKING.

I BELIEVE THERE'S 162 PARKING SPOTS WITH PLENTY OF ROOM FOR AN EXPANSION TO EITHER THE PARKING OR THE BUILDING FOOTPRINT OR ADDITIONAL AMENITIES AROUND THE TOP AND WEST SIDE OF THE PIECE OF PROPERTY.

THE ONE THING I WANT TO TOUCH ON THE REC CENTER IS, IT IS COSTLY AND IT DOES HAVE A HUGE IMPACT ON THE ANNUAL BUDGET. APEX AND MCKINNEY HAS A $1.8 MILLION ANNUAL OPERATION EXPENSE.

NOW THERE DOES HAVE A NATATORIUM I KNOW THAT HAS BEEN DISCUSSED THROWN OUT THERE.

YOU KNOW, WHETHER THIS ONE WOULD OR WOULD NOT.

BUT I WANT EVERYBODY TO BE AWARE THE BUDGET CONSTRAINTS THAT WOULD COME FROM THE M&O SIDE ON A RECREATION CENTER, YOU'RE ALSO TALKING 3 TO 4 FULL TIME EMPLOYEES TO STAFF IT ALONG WITH ANYWHERE BETWEEN FOUR TO 4 TO 10, DEPENDING ON THE ACTIVITIES ON WEEKNIGHTS AND WEEKENDS.

SO THE BUDGET CONSTRAINTS, YOU KNOW, THROUGH THE PARKS AND REC WOULD BE.

ADDED TO THAT COST ANNUALLY.

DO WE KNOW WHAT THE WHAT THAT OFFSET IS SINCE, I MEAN, WE'RE GOING TO CHARGE FOR FOLKS TO HAVE A MEMBERSHIP AND THINGS LIKE THAT.

SO HOW MUCH DOES THAT COME INTO PLAY? HOW MUCH DOES THAT TAKE OFF OF THE PLATE OF THE CITY? THAT. IS THAT NUMBER YOU QUOTED? THAT IS A GREAT QUESTION.

SO MCKINNEY, THEY PUSH FOR 50%.

NOW, THEIR NUMBERS WERE DOWN THE PAST COUPLE OF YEARS DUE TO COVID.

AND, YOU KNOW, I UNDERSTAND WE DON'T WANT TO UTILIZE THAT AS AN EXCUSE, BUT OF COURSE, THAT MAKES THE NUMBERS DROP.

LESS AND LESS PEOPLE ARE ABLE TO UTILIZE THE FACILITY IN 2021 AND 22.

SO BUT THEY LOOK AT ANNUAL EXPENSE OF 50%.

[00:35:04]

SO THEY THEY DO TRY TO RECRUIT 50% OF THOSE REVENUES BACK.

SO YOU'RE STILL LOOKING AT $1,000,000, YOU KNOW, THAT THEY'RE TRYING TO RECOUP.

BUT MCKINNEY IS ALSO A LITTLE BIT DIFFERENT IN TAX BRACKET AS WELL, SO.

ALL RIGHTY. AND THEN OUR NEXT PROJECT THAT WE WANT TO TALK ABOUT IS THE GEORGIA, TEXAS LAND IN CATTLE PROPERTY.

THAT'S A MOUTHFUL.

THIS IS OVER 90 ACRES.

THERE'S A LARGE AMOUNT OF FLOOD PLAIN THAT YOU CAN SEE ON THE AERIAL HERE.

MASTER PLANNING IS ALSO UNDERWAY FOR THIS PROJECT RIGHT NOW.

THAT'S WHY YOU'RE LOOKING AT A BLANK PIECE OF PAPER.

I DON'T WANT TO SHOW YOU SOMETHING THAT'S GOING TO CHANGE.

HOWEVER, WHEN WE PUT THIS LINE ITEM IN THE BUDGET AT THE VERY BACK, WE WANTED TO COME UP WITH WHAT PHASE ONE MIGHT LOOK LIKE OF THIS.

SO WE'RE ALSO TRYING TO USE OUR PARKS AND TRAILS MASTER PLAN TO IDENTIFY SOME OF THE AMENITIES THAT WE DON'T HAVE IN ANY OTHER PARK AND SEE IF THEY MIGHT BE A GOOD FIT FOR THIS PARK. SOME OF THE PHASE ONE AMENITIES WOULD INCLUDE TRAILS WITH PEDESTRIAN BRIDGES, SHADE STRUCTURES WITH CONCRETE SLABS LIKE YOU WOULD SEE IT.

CALDWELL PARK PLAYGROUND EQUIPMENT, PARKING AREAS ON BOTH SIDES OF THE CREEK TO MAKE IT ACCESSIBLE, AND THEN RESTROOMS ON BOTH SIDES OF THE CREEK. SAME REASONING.

PEOPLE WALKING THE TRAIL NEED TO ACCESS RESTROOMS AND THEN HOPEFULLY A FEW AMENITIES THAT ARE IDENTIFIED BY THE MASTER PLAN.

MAYBE SOME PICKLEBALL, MAYBE SOME TENNIS COURTS, SOMETHING LIKE THAT THAT WE CURRENTLY DON'T HAVE IN THE OTHER PUBLIC PARKS.

BRITTANY HIT THAT NAIL ON THE HEAD.

YOU KNOW, THIS IS A PARK THAT WE NEED TO IDENTIFY ONCE WE FINISH OUT SOME OF THE CURRENT PROJECTS THAT WE DO HAVE THAT BETTER IDENTIFIES OUR NEEDS.

ONCE WE START REALLY GETTING INTO THE MASTER PLAN FOR THIS PARK.

SO WHAT YOU'LL SEE IN THE NEXT.

AT THE END OF THE SLIDE, YOU KNOW, THE MONEY THAT WE HAVE THAT WE ARE SHOWING THAT IS NOWHERE NEAR TO BUILD OUT GEORGIA, TEXAS LAND AND CATTLE PARK.

BUT THAT IS TO START ON, HEY, WHAT ARE OUR NEEDS TODAY? THAT WAY WE CAN START PUTTING THOSE INTO INTO PLAY BECAUSE IT ALWAYS CHANGES AS OUR CITY GROWS THE NEEDS THAT WE HAVE.

THEY CURRENTLY GROW AS WELL.

ALL RIGHTY. AND THEN THE LAST PARK THAT I WANTED TO HIGHLIGHT WAS VETERANS MEMORIAL PARK.

THIS IS A PARK THAT WE'VE WORKED ON A COUPLE OF DIFFERENT PHASES WORKING WITH THE CDC BOARD.

THERE'S BEEN LOTS OF ITERATIONS OVER THE YEARS.

WHAT YOU'RE LOOKING AT RIGHT NOW IS THE CURRENT SCHEMATIC.

CONSTRUCTION PLANS ARE UNDERWAY.

THEY'RE ALMOST COMPLETE.

BUT WE DO HAVE ONE MORE AMENDMENT THAT'S GOING TO ADD SOME ADDITIONAL PARKING AT THE INTERSECTION OF FOURTH AND MCKINNEY ACROSS FROM THE LIBRARY, ADDING IN THAT PIECE OF PARKING AS PART OF THIS PROJECT, YOU'LL SEE THIS IS REALLY A PASSIVE PARK.

IT'S A PARK FOR REMEMBERING AND COMMEMORATING VETERANS.

SO YOU'RE NOT GOING TO SEE THINGS LIKE SPLASH PADS OR PLAYGROUNDS.

IT REALLY IS A PLACE FOR REFLECTION.

SO LOTS OF MEMORIALS, LOTS OF LANDSCAPE, LOTS OF NICE PLACES TO SIT AND REFLECT.

THINK THAT IS MOSTLY WHAT I HAD.

DO YOU WANT TO ADD ANYTHING? YEAH.

SO THE ONE THING THAT I DID WANT TO ADD, YOU KNOW, THIS COMBINES OUR HISTORY WITH PRINCETON, WITH NEW LANDSCAPE ARCHITECT.

AND ACTUALLY, AS FAR AS MAINTENANCE GOES, IT'S ACTUALLY GOING TO CUT MAINTENANCE COST BECAUSE IT IS ACTUALLY WOULD BE EASIER TO MAINTAIN.

WE CURRENTLY MAINTAIN BOTH SIDES OF THE PARK ANYWAY, BUT ACTUALLY HAVING THE FLOW THROUGH TOWN, IT ACTUALLY WOULD CUT TIME, SAVE TIME A LITTLE BIT.

NOT GOING TO REALLY SEE A BUDGET IMPACT, BUT IT WOULD SAVE MY GUYS A LITTLE BIT AS FAR AS MAINTAINING GOES.

ONE MORE THING THAT I'M REALLY REMISS TO HAVE MISSED AS THE CIVIL ENGINEER OF THE GROUP, WE ARE EXTENDING PLANNING TO EXTEND WOODY DRIVE WITH THIS PROJECT.

SO WHEN YOU LOOK AT THE COST ESTIMATE ON THE NEXT SLIDE, THAT DOES INCLUDE A COMPLETE 31 FOOT BACK TO BACK STREET FROM FOURTH TO SECOND STREET WITH SIDEWALKS.

ALSO NEED TO ADD THAT IT'S GOING TO ALSO HAVE A GOLD STAR FAMILY MEMORIAL THERE.

THAT'S ALL PAID FOR, BOTH BY FUNDRAISERS, SO.

I THINK THE CDC MAY EVEN ENGAGE IN THAT ALSO.

SO WHAT WE SEE ON THE LAST SLIDE IS THE POTENTIAL BOND PROJECTS AND SOME PRELIMINARY CONSTRUCTION COSTS.

YOU KNOW, WHAT ARE AT LEAST ANTICIPATED IT COULD BE LESS, COULD BE A LITTLE BIT MORE, BUT THESE NUMBERS WERE PUT TOGETHER.

AND ALSO ON THE LEFT SIDE, YOU SEE THE PRIORITY LIST, WHERE STAFF RANKS THESE FROM TOP TO BOTTOM.

SO WITH THAT, YOU KNOW, OBVIOUSLY THE TOTAL WITH ALL PARK PROJECTS CURRENTLY THROUGH THE WHOLE PRESENTATION WE JUST WENT THROUGH 77 MILLION.

[00:40:07]

THAT IS A LOT, THERE'S NO DOUBT.

BUT THIS IS SOMETHING THAT THIS BOARD, THE COUNCIL HAS CAN DEEM ONE PROJECT TO BE MORE PRIORITIZED THAN THE OTHER.

BUT THIS IS JUST AN OVERVIEW, WHAT WE JUST HAD AND KIND OF WHERE WE BELIEVE WE STAND WITH THE COST.

SO WHATEVER LINE THE COUNCIL DEEMS, HEY, LET'S GO NO MORE THAN THIS AMOUNT, THEN YOU CAN PRIORITIZE THE PROJECTS TO FIT WITHIN THOSE BUDGET NEEDS.

WHAT IS THE TIMEFRAME THAT WE'RE LOOKING AT TO MAKE THIS BOND HAPPEN FOR NOVEMBER? ANY TYPE OF FUNDING MECHANISM I'D REFER TO MR. BORG. WE'RE GOING TO ENTER INTO THAT DISCUSSION IN JUST A MINUTE.

AS SOON AS CHASE AND BRITTANY HAVE COMPLETED THEIR PRESENTATION, WE HAVE MR. JIM SABONIS, OUR FINANCIAL ADVISOR FROM HILLTOP SECURITIES HERE, AND HE'S GOING TO TALK TO US ABOUT PROCESS MOVING FORWARD AND GET SOME DIRECTION FROM THE COUNCIL.

THANK YOU. OKAY. THANK YOU.

THANK YOU VERY MUCH. THANK YOU.

DID YOU ALL HAVE ANY OTHER QUESTIONS BEFORE THEY SIT DOWN? I HAVE ONE.

YEAH. YOU KNOW, JUST LOOKING AT A LIST OF AND I'M JUST TRYING TO GO THROUGH EVERYTHING HERE; WHICH PROJECT DO YOU FORESEE? AND I THINK I KNOW THE ANSWER TO THIS, I WANT TO HEAR FROM YOU, WILL GENERATE THE MOST REVENUE FOR THE CITY.

THE DEFINITELY THE WHAT'S CLASSIFIED AS THE DALE HEARD, THAT WOULD GENERATE QUITE A BIT OF PROFIT THROUGH THE CITY, NOT ONLY THROUGH THE REGISTRATIONS FOR EACH TEAM, BUT THE ECONOMIC IMPACT FROM SALES TAX ALONE.

YOU'D HAVE TEAMS TRAVELING IN IF WE HAD HOTELS AND PLACES TO STAY, WHICH WHEN YOU ALSO BUILD A FACILITY LIKE THIS, HOTELS, THEY SEE THAT AND THAT ACTUALLY PUSHES THEM ALONG THE LINES TO BE THE WANT TO BE THE FIRST ONES IN.

AND THAT'S ACROSS ACROSS THE NATION.

BUT YOU'LL SEE A LOT IN SALES TAX REVENUES COMING FROM A FACILITY LIKE THIS.

OKAY. THAT'S WHAT I FIGURED, BUT I JUST DIDN'T WANT TO ASSUME.

THANK YOU. THANK YOU.

ANY OTHER QUESTIONS? SIR, YOU SAID THESE WERE, YOU LOOKED OVER THIS LIST.

AND AS FAR AS IMPORTANCE GO, THIS IS KIND OF HOW YOU WOULD RANK THEM; CORRECT? YES. SO AND I WOULD TAKE YOU, AND YOU KNOW, THIS IS YOUR AREA OF SPECIALTY, I WOULD DEFINITELY SAY THAT WE SHOULD ABSOLUTELY TRY TO STICK WITH THAT AS BEST AS POSSIBLE.

IF YOU TRUST AND YOU BELIEVE IN IT, WE TRUST IT.

SO I REALLY APPRECIATE THAT.

THAT'S MY TWO CENTS.

I THINK WE SHOULD TRY TO STICK WITH PARKS AND RECS AS MUCH AS POSSIBLE.

THEY'VE BEEN AT THIS FOR QUITE A WHILE.

AND YOU WON'T HURT MY FEELINGS.

I PROMISE. IF ANYTHING IS, YOU KNOW, TRUST ME ON THAT.

BUT THIS IS.

THANK YOU. WE APPRECIATE YOU.

THANK YOU. MAYOR, I'D JUST LIKE TO ALSO THANK KIMLEY-HORN, BRITTANY AND THE TEAM, CHASE, FOR PUTTING THIS TOGETHER.

THEY'VE DONE A LOT OF WORK OVER THE PAST COUPLE OF YEARS LEADING UP TO THIS POINT, AND WE'RE JUST EXCITED TO SEE IF THIS IS THE TIME AND PLACE TO MOVE FORWARD.

SO WITH THAT, I'M GOING TO INTRODUCE MR. JIM SABONIS WITH TOP SECURITIES.

HE'S GOING TO TALK TO US ABOUT MONEY AND TIMING.

THANK YOU. BUTTON ON THE RIGHT HAND SIDE.

GOOD EVENING, MAYOR, COUNCILMEMBERS.

I'M STILL CATCHING MY BREATH FROM RACING OUT OF HERE FROM DALLAS, BECAUSE I ORIGINALLY WAS GOING TO BE HERE FOR THE COUNCIL MEETING AND THOUGHT I'D BE HERE EARLY FOR A CHANGE.

BUT A LITTLE BIT LATE FOR THIS MEETING.

I'VE GOT GREAT NEWS FOR YOU.

WE'VE BEEN WORKING WITH DEREK.

AND I'M HIGHLY CONFIDENT THAT WE COULD FULLY FUND THAT PROGRAM WITHIN OUR EXISTING TAX RATE.

I DON'T HAVE THE EXACT NUMBERS TODAY, BUT I WILL TELL YOU THAT WE'VE BEEN RUNNING PROGRAMS ANYWHERE FROM 50 TO 100 MILLION AND LOOKING AT SENSITIVITIES BASED ON WHAT OUR PLANNING PROCESS HAS BEEN.

I ALSO TELL YOU THAT THERE'S NOTHING I LIKE BETTER TO FUNDING PARK PROGRAMS. WE'VE GOT SOME SMALL CHILDREN AND NOTHING MAKES THE QUALITY OF LIFE BETTER IN A COMMUNITY THAN I DO, IN PART BECAUSE I'M EXCITED TO BE INVOLVED IN THIS PROCESS.

WHAT I THOUGHT THIS WOULD BE WOULD BE PARTIALLY AN EDUCATION PROCESS TO TALK ABOUT SOME BACKGROUND INFORMATION, TO GIVE YOU COMFORT ABOUT THE FINANCIAL CONDITION AND THE DEBT CAPACITY AS THE CITY HAS.

AND THEN WE'LL HOME THIS IN AS YOU COME UP WITH A PROGRAM.

I BELIEVE DEREK HAS HANDED TO YOU SOME SPREADSHEETS THAT I'VE DONE, AND I LIKE TO KIND OF REFER TO THEM JUST TO GIVE YOU SOME BACKGROUND INFORMATION TO KIND OF GIVE YOU A FEEL FOR WHAT WE HAVE BEEN WORKING WITH.

AND IN THAT SPREADSHEET INFORMATION.

HOLD ON. JUST JUST.

WE DON'T HAVE THOSE SPREADSHEETS.

OKAY. AND WHILE THEY'RE HANDING IT OUT, LET ME SAY THAT THIS SPREADSHEET IS ACTUALLY A WORKING

[00:45:05]

DOCUMENT. IT'S SOMETHING THAT THE CITY MANAGER AND FINANCE DIRECTOR AND I HAVE BEEN WORKING ON TO GATHER INFORMATION TO TRY TO UNDERSTAND WHAT'S HAPPENED IN THE CITY, TO USE THAT INFORMATION TO HELP PROJECT WHAT'S GOING TO HAPPEN TO THE CITY.

AND SO THIS IS ACTUALLY SOME WORKING DOCUMENTS FROM MY COMPUTER.

AND WHAT YOU'RE GOING TO SEE IS WE'VE KIND OF LOOKED AT WHAT YOUR HISTORICAL GROWTH IN TAXABLE ASSESSED VALUE HAS BEEN.

IT'S BEEN STUNNING AND IT'S ACCELERATED.

LAST YEAR YOU GREW 772 MILLION ON A THREE YEAR AVERAGE.

IT'S BEEN $430 MILLION ON ANNUAL BASIS, 430 MILLION IS PRETTY SIMILAR TO WHAT WE'RE GOING TO BE DISCUSSING WITH YOU.

FIVE YEARS, IT'S A LITTLE BIT SLOWER, BUT WE WERE SMALLER CITY BACK THEN.

AND TO GIVE YOU A FEEL, WE'RE GOING TO USE THIS NUMBER AS KIND OF A REFERENCE NUMBER WHEN WE TALK ABOUT DOING SOME PROJECTIONS GOING FORWARD FOR THE NEXT THREE YEARS.

ACCORDING TO STAFF, RIGHT NOW, WE'RE PROJECTING 2000 BUILDING PERMITS THIS YEAR.

IF WE LOOK AT THOSE THAT PERMITS AT 350,000, WE'RE TALKING ABOUT 700 MILLION IN VALUE.

SO TONIGHT, WE'LL BE TALKING ABOUT WHITE WING AND THE PUBLIC IMPROVEMENT DISTRICT.

THE AVERAGE PRICE POINT IN THAT DEVELOPMENT IS 435,000.

AND SOME OF OUR NEWER PROJECTS ARE ACTUALLY EXCEEDING 450,000.

SO IT'S AMAZING.

WE EXPECT ANOTHER SIGNIFICANT YEAR OF GROWTH IN THAT PROCESS.

THE SECOND THING WE LOOKED AT IS HOW YOU DID YOUR TAX RATE AND THE CITY IS GROWING RAPIDLY AS A RESULT OF YOUR RAPID REVENUE GROWTH AND SOME OF THE LIMITATIONS WE HAVE DUE TO THE RECENT LEGISLATION PASSED.

YOUR TAX RATE HAS DECLINED, BUT WHAT THE KEY POINT THAT WE'RE GOING TO LOOK AT IS REALLY OUR INS TAX RATE.

YOUR TAX RATE IS ABOUT 22.1 CENTS.

AND SO WHEN WE'VE THOUGHT ABOUT THIS, THE KEY COMPONENTS THAT WE'VE LOOKED AT IS TO SAY, HOW MUCH CAN WE FUND? AND I'M GOING TO REFER TO THE SUMMARY ON THE BOTTOM PAGE.

AND WHAT THIS DOES IS KIND OF ONE SCENARIO OF MANY SCENARIOS THAT WE'VE INDICATED, BUT I THINK IT'S A GOOD REFERENCE POINT TO THE WHAT WAS PROPOSED FOR THE $77 MILLION BOND PROGRAM.

WE ANTICIPATE, AGAIN, 2000 STARTS AND FOR THE COMING YEAR WE'VE GOT A CONSERVATIVE NUMBER OF 350,000 OF ENDING VALUE AFTER EXEMPTIONS FOR THOSE HOMES, GENERATING ABOUT $700 MILLION OF INCREASED VALUE.

WE'VE KIND EVEN THOUGH MORE PROJECTS ARE COMING ABOARD AND GETTING MOMENTUM, RECOGNIZING THAT.

WE'RE IN AN UNCERTAIN ECONOMY.

WE'VE ACTUALLY DECREASED THAT TO 1500 PER YEAR OVER THE NEXT TWO YEARS.

SO IN TOTAL, WE'RE LOOKING AT 5000 HOMES IN THREE YEARS.

AND WE'RE USING A VERY MODERATE CONSTANT PRICE OF 350,000, WHICH IS LESS THAN WHAT WE'RE GETTING RIGHT NOW.

SECONDLY, WHAT WE'RE LOOKING AT IS THAT WHILE NOT ALL THESE HOMES WILL BE IN THE TAX INCREMENT REINVESTMENT ZONES, WE'VE ACTUALLY DISCOUNTED ALL THE VALUE BY 50%, WHICH IS THE MAXIMUM TAX INCREMENT REINVESTMENT ZONE PARTICIPATION WE HAVE.

SOME ARE LESS THAN THAT.

SOME OF THESE HOMES WILL BE BUILT, NOT BUILT IN THOSE AREAS.

SO WHEN WE'VE LOOKED AT IT, WE'VE ACTUALLY DISCOUNTED IT BY 50% IN THAT AND WE'VE ONLY LOOKED AT THREE YEARS.

AND AGAIN, THE THOUGHT WOULD BE THAT WE'D HAVE A THREE YEAR PROGRAM AND THAT CAPACITY WOULD BE JUST FOR THAT PERIOD OF TIME, THAT FUTURE GROWTH WOULD TAKE CARE OF OTHER NEEDS AND WE'D HAVE OTHER PROGRAMS COME UP DURING THAT TIME FRAME.

SO IN SUMMARY, AGAIN, THESE ARE HIGHLY CONSERVATIVE NUMBERS ON ONE SCENARIO.

WE WERE KIND OF TALKING ABOUT 70 MILLION, AND TO GIVE YOU A FEEL A $0.01 INCREASE IN YOUR INNES TAX RATE WOULD ALLOW US TO FUND ON THESE VERY CONSERVATIVE ASSUMPTIONS AND CONSERVATIVE ASSUMPTIONS OF INTEREST RATE ABOUT 71.7 MILLION OF CAPITAL PROJECTS.

AND AND AS I TOLD THERE, BECAUSE WE WERE COMING OUT HERE, I DIDN'T KNOW THE NUMBERS ACTUALLY BE 77 MILLION.

WE'RE JUST TRYING TO THINK OF A CONSERVATIVE NUMBER.

EASILY 80 MILLION WAS THE NUMBER THAT HE AND I TALKED ON THE PHONE AS WE WERE COMING HERE.

AND THAT THE CONCEPT IS THAT THAT'S THE CITY'S CAPACITY BASED ON THESE CONSERVATIVE NUMBERS.

AND HAVING DONE MANY, MANY BOND ELECTIONS IN MY CAREER, AND ONE OF THE THINGS THAT WHEN YOU TALK ABOUT WHAT THE PROCESS WOULD BE IS THE NEXT ELECTION, THEY WILL HAVE TIME TO BE TIMING WOULD BE NOVEMBER.

COUNCIL CAN CALL AN ELECTION BETWEEN 90 AND 45 DAYS IS THE TIME FRAME WE HAVE TO CALL THAT ELECTION, AND THAT WOULD BE THE TIME FRAME THAT YOU CALL IT. BUT MY EXPERIENCE IS THAT ELECTIONS ARE WON BY PROVIDING INFORMATION AND EDUCATING PEOPLE WITH THE CONCEPT THAT UNEDUCATED PEOPLE MIGHT NOT SUPPORT IT.

[00:50:01]

BUT YOU HAD A WIDE RANGE OF PROJECTS THAT WILL BE INTERESTED BY.

A NUMBER OF COMMUNITY GROUPS TO EDUCATE THEM WHAT CAN BE DONE AND THAT YOU HAVE THE CAPACITY TO FUND THAT.

PRIOR TO ACTUALLY CALLING ELECTION AND CALLING ELECTION AT THAT TIME FRAME AND AND THE THOUGHT TYPICALLY WE WOULD SEE AND WE'VE DONE IT THIS YEAR AND WE'RE IN THE PROCESS OF DOING THAT.

YOU HAVE IT A NUMBER OF NOVEMBER ELECTION.

CONTEST PERIOD IS 30 DAYS BECAUSE OF THE HOLIDAYS.

YOU'LL SEE US TAKE OUR FIRST BOND ISSUES TO THE MARKET MID TO LATE JANUARY OR FEBRUARY.

WE'RE IN THE PROCESS. IN FACT, MY PARTNERS ARE TWO OTHER CITIES ACTUALLY HELPING THEM ISSUE BONDS FOR ELECTIONS THEY HAD IN NOVEMBER AND PROCESS.

SO FROM A TIMING PERSPECTIVE, MY RECOMMENDATION AND BASED ON EXPERIENCE AND OBSERVATION, IS OVER THE NEXT FEW MONTHS, THE HOME PROGRAM AND DISCUSS IT WITH THE CITIZENS.

AND TO ME, THIS IS A REALLY SOLID PROGRAM.

I'M CONFIDENT THAT WE CAN ACTUALLY FUND THIS WITHOUT A TAX RATE INCREASE.

MY DEFAULT WOULD BE, DO WE FUND IT? AND WE TAKE MAYBE THREE YEARS TO FUND IT VERSUS ONE YEAR.

BUT BUT WE'VE ANTICIPATED A $0.01 INCREASE BECAUSE WE WANTED TO BE, AS IN OUR NOTICE, BE AS CONSERVATIVE AND ALSO REALIZE THERE MIGHT BE OTHER NEEDS THAT WE HAVE TO FUND ALONG THOSE TIMEFRAME.

SO. THE THE THOUGHT PROCESS IS THAT WE ARE BASED ON JUST THIS THREE YEARS.

HAVE THAT MUCH CAPACITY.

I WILL ALSO INDICATE THAT WE RECOGNIZE THAT THERE WOULD BE ADDITIONAL COSTS ON THE OPERATING SIDE.

TO GIVE YOU A FEEL.

$0.02 WOULD GENERATE ABOUT $560,000 OF ADDITIONAL OPERATING EXPENSES FOR THE CITY.

AND OUR THOUGHT IS TALKING WITH THE FINANCE DIRECTOR AND CITY MANAGER IS THAT THE EXPECTATION WOULD BE IN A SIMILAR SITUATION, THE UPCOMING BUDGET YEAR THAT YOU WERE IN THE PREVIOUS BUDGET YEAR, IN THAT AS YOU SAW THE SIGNIFICANT GROWTH JUICE AND TAXATION, BOTH THE LIMITATIONS AND AND RESPONSIBILITY TO YOUR CITIZENS, WILL DRIVE YOUR TAX RATE.

THE LAST TWO YEARS, EACH YEAR YOU'VE GONE DOWN OVER $0.04 AND AND THE THOUGHT PROCESS WOULD BE THAT YOU'LL BE ABLE TO.

MAINTAIN YOUR CURRENT TAX RATE OR LOWER, BUT MAYBE BE ABOVE YOUR EFFECTIVE TAX RATE.

OUR THOUGHT ON THESE PROGRAMS. WAS TO BUILD A TWO CENT INITIAL INCREASE IN YOUR TAX RATE, BUT THAT TWO CENT INCREASE IS NOT.

WE DON'T EXPECT IT TO BE AN INCREASE.

WE WOULD SAY THAT WOULD BE MORE REVENUE THAN WE GENERATE NOW, WHICH WE THINK WILL ACTUALLY BE A DECREASE IN YOUR OVERALL TAX RATE.

RESULTING FROM THAT. SO IN SUMMARY.

NOW THAT WE HAVE A KIND OF A GENERAL FEEL, I'M HIGHLY CONFIDENT THAT THE 77 PROGRAM COULD BE FULLY FUNDED IF WE CHOSE TO FUND IT AND ABSORBED BY THE CITY WITHIN ITS FINANCIAL CONDITION.

WE'RE BEING CONSERVATIVE IN OUR ASSUMPTIONS WITH DIRECTION.

AFTER RECEIVING IT FROM DEREK AND KAREN, WE CAN REFINE THAT AND PRESENT THAT TO YOU TO PRESENT TO YOUR CITIZENS.

BUT THE CITY'S IN VERY EXCELLENT FINANCIAL CONDITION.

IT'S CONTINUED TO GROW SIGNIFICANTLY AND IT HAS THE ABILITY TO FUND THESE AS YOU GO FORWARD.

DEREK, I DON'T KNOW IF THERE'S ANY OTHER POINTS YOU WANT ME TO MENTION.

RIGHT OFF THE TOP OF MY HEAD. I CAN'T THINK OF ANYTHING.

DOES THE COUNCIL HAVE ANY PERTINENT QUESTIONS OR? WE'RE REALLY LOOKING FOR DIRECTION ON THIS.

WE'D LIKE TO KNOW THE COUNCIL'S THOUGHTS AND AND THEN EXECUTE WHATEVER YOU WANT, WHATEVER YOUR DIRECTION IS, AND THEN COME BACK WITH A PLAN IF THAT'S YOUR CHOICE.

SO WE'RE JUST GOING TO LOOK FOR DIRECTION AT THIS POINT.

THANK YOU FOR YOUR PRESENTATION AND GIVING US ALL THE INFORMATION.

SO TO STAY IN THAT THRESHOLD WHERE WE'RE NOT POTENTIALLY GOING OUTSIDE OF WHAT WE'RE ABLE TO CARRY, WE NEED TO GET UNDER THE 80 MILLION.

IS THAT CORRECT? AGAIN, I ACTUALLY SHOWED A SCENARIO TO DEREK TODAY OF 100 MILLION WOULD BE YOUR CAPACITY IF YOU CHOSE TO.

AND A SUGGESTION I HAD, IT'S PROBABLY COUNTERINTUITIVE.

I WOULD RECOMMEND THAT YOU WOULD BE CONSERVATIVE AND VOTE.

BE CONSIDERED BY VOTING BONDS THAT FULLY ENCOMPASS THAT.

MY EXPERIENCE IN DOING HUNDREDS OF THESE PROGRAMS IS THAT, YOU KNOW WHAT THEIR COMMITMENT TO OTHER CITIZENS THAT WE FUND A PROGRAM WE MIGHT PUT A PRIORITY AND WHAT THE PROJECTS ARE THAT WE FUND THEM AND WE AND WE HAVE SOME TAX RATE IMPACT THAT WE INDICATE TO THEM AS OUR MORAL COMMITMENT TO THEIR PROCESS.

WORST CASE SCENARIO IN A PROJECT OF THIS NATURE, I THINK IT'S PROBABLY UNLIKELY THAT WE'RE GOING TO FUND THAT ALL IN ONE YEAR.

IT MIGHT BE, IT'S HARD TO DO EVERY PARK IN EVERY PART OF THE COMMUNITY AT ONE TIME, BUT TO SPREAD IT OUT MAYBE IN A PHASE OR TWO, IN THE WORST CASE SCENARIO WHEN WE'VE SEEN

[00:55:07]

THAT, THAT WE MIGHT NOT MISS SOME OF OUR INITIAL TARGETS FOR FINANCIAL GROWTH, WE SLOW DOWN A LITTLE BIT.

SO WHAT YOU'LL SEE IS IN A PROGRAM IN OUR LARGEST COMMUNITIES, THEY'LL VOTE LIKE TEN YEARS OF BONDS PROGRAM.

SO THEY EXPECT TO SPEND TEN YEARS AND IT WILL EBB AND FLOW IN HOW THEY ACTUALLY FUND THOSE PROJECTS, BOTH BASED ON WHAT THE NATURAL CONSTRUCTION CYCLES ARE AND AND WHAT THE GROWTH IS.

AND I BELIEVE IN YOUR CASE, WE WE SOMETIMES CAN MAKE A MISTAKE IF WE SAY WE WANT TO USE THE VERY CONSERVATIVE SCENARIO TO PRESENT TO THE CITIZENS, I THINK WE CAN SHOW THEM A CONSERVATIVE SCENARIO, BUT AT THE SAME TIME GET A COMMITMENT TO ALLOWS YOU TO FULLY FUND YOUR PROGRAMS AND RECOGNIZE.

WHEN IF WE EXCEED OUR CONSERVATIVE PROGRAM, WE CAN MOVE FORWARD, QUICKLY, FUND MORE PROJECTS, OR DELAY THOSE PROJECTS THAT TAKE PLACE, IF THAT MAKES SENSE FROM THAT PERSPECTIVE. AND SO, YOU KNOW, IT HAS 77 MILLION, BUT I REALLY THINK THAT IF YOU'RE GOING TO GO TO THE VOTERS, I THINK IT'S REALLY WANT TO MAKE SURE YOU HAVE THAT AN INCLUSIVE PROGRAM IN PLACE.

DEREK, I WOULD LIKE TO MOVE IN THE DIRECTION THAT WE DO MOVE FORWARD WITH THIS AND WE CAN START REFINING THIS SO THAT WE CAN COME BACK AND KNOW MORE AND JUST MOVE FORWARD WITH THE ENTIRE PROCESS. I WOULD LIKE ANOTHER SESSION, THOUGH, THAT WE ARE ACTUALLY ABLE TO SPEAK ABOUT THE PROJECTS INDIVIDUALLY AND SEE IF THERE'S ANYTHING THAT WE WANT TO ADDRESS.

CHANGE. REFINE.

SINCE WE WEREN'T NECESSARILY GIVEN THAT OPPORTUNITY TONIGHT TO BE ABLE TO DO THAT, I DO THINK WE NEED TO HAVE ANOTHER WORK SESSION.

ABSOLUTELY. WE'LL ABSOLUTELY SET THAT UP.

BUT JUST TO YOUR, THIS IS AN OPEN SESSION, SO IF YOU IF YOU HAVE QUESTIONS, WE ARE GETTING CLOSE TO THE COUNCIL MEETING.

BUT IF YOU WANTED TO DISCUSS ANYTHING AT THIS POINT, THE FLOOR IS OPEN, SO.

I MEAN, ME PERSONALLY, I WOULD LIKE TO GO AHEAD AND CLOSE THIS NOW THAT WE CAN STAY ON SCHEDULE FOR OUR OTHER MEETINGS JUST BECAUSE WE HAVE OTHER PEOPLE HERE AND THEN SCHEDULE ANOTHER WORK SESSION.

BUT I'M OPEN TO OTHER SUGGESTIONS, IF Y'ALL HAVE ANYTHING.

I THINK THIS IS SOMETHING WE NEED TO GO FORWARD WITH.

AND I'D ALSO SUGGEST THAT MAYBE AS A REFINING IT TO PUT OUT A KIND OF A CALENDAR FOR US SO WE CAN HAVE SOME FUTURE WORK SESSIONS, OR WE SCHEDULE WORK SESSIONS.

AND THEN SO WE MEET THE DEADLINES FOR IF WE HAVE TO CALL FOR THE BOND ELECTION.

I'D LIKE TO SEE THAT AS WELL.

SO JUST START CALENDARING, JUST A FEW WORK SESSIONS AND THEN ALSO GET A CALENDAR OF SPECIFICALLY WHEN WE NEED TO HAVE THESE FIGURES DONE, WHEN WE NEED TO HAVE IT PRESENTED TO BOND. JUST GET EVERYTHING LAID OUT AND FINE TUNED FOR US.

100%. WE'LL PUT A CALENDAR TOGETHER AND IT WILL ALSO INCLUDE SOME PUBLIC THREATS SO THAT WE MAKE SURE TO INCLUDE THE PUBLIC.

WE'LL WORK WITH OUR COMMUNICATIONS DEPARTMENT TO MAKE SURE WE'LL GET DIRECTION FROM COUNCIL AT SOME OF THE NEXT WORK SESSIONS.

BUT THAT WILL ALL BE PART OF THE PROCESS, MAKING SURE THAT WE GET GOOD COMMUNICATION TO THE PUBLIC.

YOU BET. FANTASTIC.

THANKS. THANK YOU. THANK YOU VERY MUCH.

AGAIN, PARKS AND REC AND BRITANY, THANK YOU SO VERY MUCH FOR GIVING US AN AMAZING PRESENTATION.

GENTLEMEN, DID YOU HAVE ANY OTHER QUESTIONS? ALL RIGHT. IF NOT, WE'LL GO AHEAD AND CLOSE THIS OUT.

I JUST NEED A MOTION TO ADJOURN, PLEASE.

I MAKE THAT MOTION TO ADJOURN.

DO I HAVE A SECOND? I'LL SECOND THAT.

ALL IN FAVOR. AYE.

THANK YOU SO MUCH. THE NEXT MEETING, WE'RE GOING TO PUSH IT OUT, MAYBE 5 MINUTES.

IF ANYBODY NEEDS THE RESTROOM, GO AHEAD AND DO THAT.

AS A REMINDER, IF YOU ARE HERE TONIGHT FOR PUBLIC APPEARANCE, I DO NEED YOU TO FILL OUT A FORM IN THE VERY BACK OF THE ROOM AND GET THAT UP TO US, PLEASE.

* This transcript was compiled from uncorrected Closed Captioning.