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I'D LIKE TO CALL TO ORDER THE CITY OF PRINCETON, TEXAS PLANNING AND ZONING COMMISSION.

[CALL TO ORDER]

[00:00:06]

REGULAR MEETING SEPTEMBER 18TH, 2023.

IF YOU WILL PLEASE SILENCE ALL CELL PHONES AND STAND AND JOIN ME FOR THE PLEDGE OF ALLEGIANCE.

. PUBLIC APPEARANCE SPEAKERS ARE ALLOWED THREE MINUTES TO SPEAK.

PLANNING AND ZONING COMMISSION IS UNABLE TO RESPOND OR TO DISCUSS ANY ISSUES THAT ARE BROUGHT UP DURING THIS SECTION THAT ARE NOT ON THE AGENDA OTHER THAN TO MAKE STATEMENTS OF SPECIFIC FACTUAL INFORMATION IN RESPONSE TO A SPEAKER'S INQUIRY OR TO RECITE EXISTING POLICY IN RESPONSE TO ANY INQUIRY.

ANYBODY LIKE TO SPEAK DURING THE PUBLIC APPEARANCE? THEN WE WILL MOVE ON TO THE CONSENT AGENDA.

[CONSENT AGENDA]

ALL CONSENT AGENDA ITEMS LISTED OR CONSIDERED TO BE ROUTINE BY THE PLANNING AND ZONING COMMISSION AND WILL BE ENACTED BY ONE MOTION.

THERE WILL BE NO SEPARATE DISCUSSION OF THESE ITEMS UNLESS THE COMMISSIONER SO REQUESTS IN WHICH EVENT THE ITEM WILL BE REMOVED FROM THE CONSENT AGENDA AND CONSIDERED IN ITS NORMAL SEQUENCE ON THE AGENDA.

THE TWO ITEMS ON THE CONSENT AGENDA ARE THE MINUTES FROM THE PREVIOUS PLANNING ZONING COMMISSION SPECIAL MEETING ON AUGUST 28TH AND FINAL. PLAT FP 20222265.

MONTE CARLO ADDITIONS PHASE ONE.

IF THERE'S NO DISCUSSION ON EITHER ONE OF THESE ITEMS, I'LL ENTERTAIN A MOTION TO APPROVE THE CONSENT AGENDA.

I'LL MAKE A MOTION TO APPROVE THE CONSENT AGENDA.

SECOND, I HAVE A MOTION.

A SECOND. ALL IN FAVOR. SAY AYE.

AYE. AYE.

MOTION CARRIES. FOUR ZERO.

[REGULAR AGENDA]

WE'LL MOVE ON TO OUR REGULAR AGENDA.

EXCUSE ME. PUBLIC HEARING ZA 20231866.

ZONING MAP AMENDMENT DISCUSSION AND POSSIBLE ACTION AND RECOMMENDATION TO CITY COUNCIL REGARDING A REQUEST FROM THE NRP GROUP FOR A ZONE MAP AMENDMENT FOR A PROPERTY BEING A 20 ACRE TRACT OF LAND SITUATED IN THE HEART AND RIGHT SURVEY.

ABSTRACT NUMBER 957 CITY OF PRINCETON COLLIN COUNTY, TEXAS.

GOOD EVENING. COMMISSION CRAIG FISHER, PLANNING MANAGER WITH THE CITY OF PRINCETON.

THIS REQUEST IS TO MODIFY THE EXISTING PLAN DEVELOPMENT DISTRICT PD 32 AS IT'S CURRENTLY ZONED.

THE PD IS BROKEN UP INTO A COMMERCIAL AREA, A MULTIFAMILY AND A TOWNHOME DISTRICT.

THE APPLICANT IS REQUESTING TO RETAIN THE COMMERCIAL PIECE ALONG NORTH BEECHAM, BUT THEN ELIMINATE THE TOWNHOME DESIGNATION AND REPLACE THAT WITH ALL MULTIFAMILY.

I'LL PULL UP THE ASSOCIATED CONCEPT PLAN JUST TO GIVE YOU AN IDEA OF HOW IT MAY DEVELOP.

SO HERE YOU CAN SEE THE COMMERCIAL DEVELOPMENT ALONG NORTH BEECHAM AND THEN THE GARDEN STYLE MULTIFAMILY DEVELOPMENT.

AND I DO HAVE A FEW RENDERINGS IN THE STAFF REPORT OF WHAT THAT MULTIFAMILY COMPONENT MAY LOOK LIKE.

THE FUTURE LAND USE MAP OF THE COMPREHENSIVE PLAN IDENTIFIES THIS AREA AS MIXED USE ACTIVITY CENTER, AND THIS DESIGNATION IS SUPPORTIVE OF MULTIFAMILY.

SO FOR THIS REASON, STAFF IS IN SUPPORT OF THE REQUESTED MODIFICATION.

WE RECOMMEND APPROVAL AS SUBMITTED.

THE APPLICANT IS HERE AND DOES HAVE A PRESENTATION.

ARE THERE ANY QUESTIONS FOR STAFF BEFORE WE OPEN THE PUBLIC HEARING? NO. I'LL OPEN THE PUBLIC HEARING AT 6:04.

GO AHEAD.

YEP. IS THAT WORKING? OKAY. I PLUGGED IT IN, I GUESS.

IT'S NOT UP YET.

[00:05:07]

OH. OKAY, PERFECT.

HI, MY NAME IS ELENA SAAVEDRA AND I'M THE DEVELOPER FOR THE NRP GROUP HERE IN THE DFW MARKET.

JUST SOME BACKGROUND ON THE NRP GROUP.

WE'RE A NATIONAL MULTIFAMILY DEVELOPER, BUILDER AND MANAGER.

WE HAVE OVER 21 YEARS OF EXPERIENCE HERE IN TEXAS.

WE HAVE MANY PROJECTS ACROSS THE DFW MARKET, INCLUDING RIGHT HERE IN PRINCETON.

WE ARE THE DEVELOPER BUILDER AND MANAGER OF THE STARLING, WHICH IS JUST ACROSS THE STREET HERE, WON MANY AWARDS, INCLUDING NATIONAL MULTIFAMILY DEVELOPER OF THE YEAR.

AND FOR THIS PROJECT, I HAD THREE GOALS IN MIND.

ONE, TO CREATE HIGH QUALITY ARCHITECTURE THAT RELATED TO THE EXISTING CHARACTER OF PRINCETON.

TWO TO DESIGN FOR THE PROFESSIONAL AND TO MINIMIZE THE IMPACT ON THE PRINCETON SCHOOLS.

AND THEN THREE, TO CREATE AN AMPLE AMOUNT OF AMENITY SPACE FOR OUR RESIDENTS.

SO OUR SITE IS HERE ALONG BEACH AND BOULEVARD, AND WE ARE JUST NORTH OF THE MARKET STREET DEVELOPMENT THAT'S COMING IN THE FUTURE.

THIS IS THE EXISTING PD 32.

AND REALLY THE MAIN CHANGE IS WE'RE JUST ADJUSTING THAT TOWNHOME INTO MULTIFAMILY.

SO WE'RE KEEPING THE RETAIL AS IS.

ALL THE TRAFFIC WILL COME OUT TO BEECHAM.

NOTHING'S COMING TO 380 AND WE ARE MAKING SOME ADJUSTMENTS TO THE PROJECT THAT WE THINK WILL BE A BENEFIT TO THE PD.

SO FIRST THE EXISTING PD HAS STUDIO ONE, TWO, THREE AND FOUR BED BETWEEN THE MULTIFAMILY AND THE TOWNHOME.

WE ARE REMOVING THE STUDIO COMPONENT SO THAT WAY WE CAN INCREASE THE QUALITY OF THE PROJECT AND REMOVING THE THREE AND FOUR BEDROOM TOWNHOMES TO MITIGATE THE IMPACT ON THE SCHOOLS. WE ARE ALSO INCREASING THE AVERAGE UNIT SIZE OF THE MULTIFAMILY BY OVER 200FT² PER UNIT TO HELP INCREASE THE QUALITY OF OUR UNITS FOR THE RESIDENTS.

WE ALSO WANTED TO BE THOUGHTFUL ABOUT THE DENSITY ON THE PROPERTY.

SO WE LOOKED AT THE TOTAL NUMBER OF BEDROOMS ON THE PD, AND THEN WE MADE SURE THAT WE WERE NOT DEVIATING FAR FROM THAT.

SO THERE WILL BE SIMILAR AMOUNT OF PEOPLE LIVING ON THE PROPERTY.

AND THEN FOR THE AMENITIES, WE ARE EXPANDING OUR AMENITIES QUITE A BIT.

SO THE EXISTING SITE PLAN IN THE PD HAS ABOUT 2000FT² OF AMENITY SPACE AND WE WILL IN THE AMENDMENT PROVIDE OVER 7000FT².

WE'LL ALSO BE TRIPLING THE SIZE OF THE FITNESS AND INCREASING THE SIZE OF THE POOL.

AND THEN IN THE PD AMENDMENT, WE ARE ALSO ADDING REQUIREMENTS THAT WILL HAVE TO ADHERE TO IF WE WERE TO BUILD.

AND SO THOSE THINGS ARE RESORT STYLE, POOL GRILLING STATIONS, FITNESS CENTER LOUNGE, WORKSPACE, DOG PARK, AND WE HAVE SOME MINIMUM SIZES THERE AS WELL.

AND THEN WITHIN EVERY UNIT WE WILL INCLUDE QUARTZ COUNTERTOPS IN EVERY KITCHEN AND BATHROOM, WASHER AND DRYER, IN EVERY UNIT, WALK IN CLOSETS, IN EVERY UNIT, STAINLESS STEEL APPLIANCES AND VALLEY TRASH SERVICE FOR EVERY UNIT.

SO THOSE WILL BE REQUIRED IN THE NEW PD THAT WE ARE PROPOSING.

AND THEN THIS IS THE SITE PLAN.

ONE THING I LOVE ABOUT THIS SITE PLAN IS THAT EVERY SINGLE RESIDENTIAL BUILDING IS ADJACENT TO GREEN SPACE.

SO EVERY RESIDENT HAS, YOU KNOW, A 32ND WALK OUT TO GREEN SPACE WITH WALKWAYS AND WE'LL HAVE PICNIC BENCHES OUT THERE AND GRILLING STATIONS AND THEN ALL THE PATHS WILL BE CONNECTED. SO IF ANYONE WANTS TO GO ON A RUN, THEY CAN EASILY DO THAT ON THE PROPERTY.

AND WE ALSO HAVE A LARGE DOG PARK AND PARK UP IN THE NORTH CORNER OF THE SITE AS WELL.

AND AGAIN, WE'RE RETAINING ALL OF THAT COMMERCIAL ON THE FRONT EDGE.

FOR THE INSPIRATION FOR THE PROJECT.

I REALLY WANTED TO PULL IN INSPIRATION FROM PRINCETON TO MAKE SURE WE WERE MEETING THE CONTEXT OF THE CITY.

SO FIRST I WAS VERY INTERESTED IN THE PRINCETON CITY HALL.

THE FACT THAT YOU HAVE SOMEONE THAT HAS VERY OLD CHARACTER AND THEN THE NEW THAT EMBRACES MORE OF THAT MODERN AND FINDING A WAY TO KIND OF COMBINE BOTH OF THOSE ESTHETICS AND THEN ALSO LOOKED ACROSS THE CITY OF PRINCETON TO SEE WHAT THAT COLOR PALETTE WAS.

SO LOOKING AT THAT RED BRICK, THAT SANDSTONE COLOR AND THE GRAY, AND THIS IS AN IMAGE OF THE AMENITY CLUBHOUSE.

SO THAT'S WHAT PEOPLE WILL SEE IF THEY DRIVE UP AND WANT TO GO TOUR THE PROPERTY AND LEASE A UNIT.

AND THEN THAT'S AN EXTERIOR VIEW OF THE RESIDENTIAL BUILDING.

YOU CAN SEE WE'RE PULLING IN THAT RED BRICK, THAT SANDSTONE COLOR AND THAT GRAY.

AND THEN THIS IS A VIEW OF THE COURTYARD.

SO AGAIN, YOU SEE SIMILAR COLOR PALETTE.

AND THEN WE'VE GOT THE GREEN SPACE, THE WALKING TRAILS, BENCHES, PICNIC BENCHES.

SO THAT WAY WE HAVE AMENITY SPACE RIGHT THERE FOR ALL OF OUR RESIDENTS CLOSE BY.

AND THEN ALL THE IMAGES YOU SEE MOVING FORWARD ARE ALL PICTURES OF PROJECTS WE HAVE COMPLETED HERE IN TEXAS.

AND WE'RE GOING TO BE BRINGING THE SAME LEVEL OF QUALITY AND AMENITIES TO THIS PROJECT AS WELL.

SO THIS IS EXAMPLES OF INTERIOR, COMMUNITY SPACE, EXTERIOR, COMMUNITY SPACE.

FITNESS AND WILL INCLUDE ALL OF THE CARDIO EQUIPMENT, DUMBBELLS, FREE WEIGHTS AND LOTS MORE.

SPIN BIKES. RESORT STYLE POOL.

COWORKING SPACE, THE POST-COVID WORLD.

THERE'S A LOT MORE PEOPLE THAT ARE WORKING FROM HOME.

SO WE'VE BEEN ADDING MORE SPACE, SO DENS WITHIN THE UNITS TO WORK AND THEN ALSO A LOT OF SPACE IN OUR CLUBHOUSE SO PEOPLE CAN WORK FROM HOME AND THEN

[00:10:10]

LOTS OF GAMES AND GRILLS.

PET PARK AND PET SPA.

ALL OF OUR PET PARKS, WE LIKE TO MAKE THEM REALLY BIG.

SO THAT WAY. DOGS CAN RUN AROUND, GET ALL THEIR EXERCISE.

AND WE ALSO INCLUDE A PET SPA.

SO IF RESIDENTS WANT TO WASH THEIR DOG, THEY'RE ABLE TO DO SO.

AND THEN THESE ARE PHOTOS OF OUR UNITS.

SO WE'LL HAVE UNDERLIT CABINETS, STAINLESS STEEL APPLIANCES, QUARTZ COUNTERTOPS, AND THEN ALL OF OUR LIVING ROOMS GOT A LOT OF NATURAL LIGHT IN THEIR BEDROOMS. ALL THE BEDROOMS CAN FIT KING AND QUEEN SIZE BEDS.

ALSO, A LOT OF RESIDENTS WILL CONVERT A BEDROOM INTO AN OFFICE.

AND THEN WE'VE GOT LARGE WALK IN CLOSETS FOR ALL OF OUR UNITS.

AND THEN LAST WE'VE GOT THE BATHROOMS AGAIN, QUARTZ COUNTERTOPS, BACKLIT MIRRORS, AND WE'VE GOT A COMBO OF TUBS AND WALK IN SHOWERS.

AND THAT'S ALL I HAVE.

HAPPY TO ANSWER ANY QUESTIONS.

DID I UNDERSTAND YOU CORRECTLY? JUST 1 IN 2 BEDROOM? YES, THAT IS CORRECT.

THERE WILL BE NO STUDIOS, NO THREE BEDS.

IT'S ALL GOING TO BE DESIGNED FOR THE PROFESSIONAL AND PROFESSIONAL COUPLE.

OKAY. SO YOU CAN GO THERE? YEAH. ARE WE INTENDED TO HAVE ANY PERIMETER FENCING SECURED AGAINST THAT PROPERTY BEING SOLD? MY CONCERN, I GUESS, IS THE PROPERTY BEING SOLD ADJACENT TO THE COMMERCIAL.

YES, THERE WILL BE A GATE AROUND THE WHOLE PROPERTY AND RESIDENTS WILL HAVE TO HAVE AN ACCESS KEY OR CLICKER TO BE ABLE TO GET INTO THE PROPERTY.

SO, YES, THAT WILL BE GATED AND MONITORED BY SECURITY.

SO ON THE PREVIOUS ONE VERSUS THE CURRENT, IT LOOKS LIKE IT CHANGES.

YOU GUYS HAVE CHANGED THE COMMERCIAL BUILDINGS AS WELL.

ONE OF THEM GOES FROM 19 5 TO 17.

OUR INTENTION IS NOT TO CHANGE THE RETAIL.

THAT'S REALLY NOT OUR WHAT WE'RE PURCHASING.

WE'RE ONLY TAKING DOWN THE.

LET ME GO BACK HERE.

YEAH, WE'RE NOT, YOU KNOW, FOR THE RETAIL, THAT'S NOT OUR PROPERTY THAT WE'RE TRYING TO PUT UNDER CONTRACT.

SO THAT'S REALLY UP TO THE SELLER OF WHAT THEY WANT TO DO THERE.

AND DO YOU KNOW THE REASON BEHIND THE CHANGE FROM TOWNHOUSES TO APARTMENTS? YES. SO WE HAVE DONE TOWNHOMES IN THE PAST.

THEY'RE VERY DIFFICULT.

IT'S TYPICALLY KIND OF THE WORST OF BOTH WORLDS WHEN SOMEONE WANTS, YOU KNOW, TO LIVE IN A TOWNHOUSE, THE COST TO BUILD A TOWNHOUSE IS SO EXPENSIVE THAT THE COST TO RENT OR TO BUY IS VERY HIGH.

SO IF YOU'RE GOING TO BE PAYING OVER THREE GRAND A MONTH IN RENT, YOU'RE PROBABLY JUST GOING TO WANT TO PUT THAT TOWARDS A MORTGAGE.

SO THEN YOU'RE NOT SHARING WALLS WITH PEOPLE.

AND THEN IF YOU'RE GOING TO SPEND THAT MUCH IN RENT, SOMEONE WOULD RATHER JUST GET A SMALLER UNIT AND NOT BE PAYING THREE GRAND A MONTH.

SO THERE'S REALLY A IT'S HARD TO FIND THE RIGHT TENANT FOR THAT TYPE OF UNIT UNLESS YOU'RE IN A MORE DENSE AREA WHERE THE COST OF HOUSING IS OVER $800,000. YOU SEE SOME OF THAT IN LIKE FRISCO OR DOWNTOWN DALLAS OR WHERE IT'S VERY DENSE, BUT WE JUST DON'T SEE SOMEONE WANTING TO SHARE WALLS AND SPEND THAT MUCH TO SHARE WALLS WITH SOMEONE. SO THAT'S WHY WE DON'T REALLY SEE A LOT OF DEMAND FOR THAT TYPE OF PRODUCT HERE.

AND AS I RECALL, IT WAS GOING FROM 476 TO 480 BEDS.

IS THAT THE. THAT'S CORRECT.

SO IT'S REALLY NOT INCREASING THE NUMBER OF PEOPLE.

CORRECT. COULD YOU GO BACK TO THE SLIDE THAT DOES SHOW JUST THE APARTMENTS? I WANTED TO SEE THE ACCESS THAT.

OH, THAT ONE.

YES. THANK YOU. OKAY.

YEAH. SO WE WILL HAVE A GATE AROUND THE WHOLE PROPERTY AND THEN WE'LL HAVE GATES HERE AND HERE.

SO THAT WAY, IF SOMEONE WANTS TO COME IN AND PARK TO GO LEASE OR HAVE A MEETING WITH THEIR LEASING TEAM, THEY CAN.

BUT OTHERWISE THIS WILL ALL BE COMPLETELY GATED AROUND THE PROPERTY.

ANY OTHER QUESTIONS? OKAY.

THE OTHER ONE, I DO HAVE ONE MORE QUESTION.

SO DID IT CHANGE FROM SOMEBODY ELSE TO YOU GUYS? IS THAT THE OR? YEAH, WE WERE NOT A PART OF THE ORIGINAL PD.

WE YEAH, WE TALKED TO THE SELLER AND HE OWNS ALL THE LAND AND.

YEAH. CHRIS, IT WAS ONE THING YOU MENTIONED IN YOUR PRESENTATION THAT YOU GUYS WERE WORKING

[00:15:05]

ON ADJUSTMENTS TO BENEFIT THE PD.

I DON'T KNOW IF YOU WENT THROUGH ALL OF THAT.

IN GENERAL, WHAT ADJUSTMENTS DO YOU GUYS MAKE, I GUESS, TO BENEFIT, I GUESS, THE PD? WELL, SO IN THE PD, IN THE EXISTING PD, THEY HAVE THE SITE PLAN AND IT HAS SOME OF THE PROJECT DATA IN THERE.

SO WE JUST LOOKED AT THAT AND WE'RE JUST MAKING SOME IMPROVEMENTS THERE.

BUT REALLY ADDING THIS TO THE PD.

SO THIS IS NOT CURRENTLY IN THE EXISTING PD, BUT OUR AMENDMENT WILL REQUIRE ALL OF THIS IN THERE.

WHAT THE CURRENT PD CURRENTLY SHOWS, YOU CAN SEE IN THE CURRENT ZONING PLAN, THAT'S WHAT'S IN THERE.

AND SO I GUESS IF IT'S BUILT BY RIGHT BASED ON THE SITE PLAN, THAT'S WHAT WOULD GO IN THERE.

ALL OF THOSE METRICS.

SO WHAT WE WILL BE CHANGING TO WILL BE, YOU KNOW, NONE OF THE STUDIOS, NO.

3 OR 4 BED AVERAGE UNIT SIZE GOES UP OVER 200FT².

AND THEN ALL THOSE AMENITIES.

AND THEN ALL OF THIS IS ALSO IN THERE.

SO THAT'S WHAT WE'RE KIND OF SEEING AS THE IMPROVEMENTS FROM THE EXISTING PD.

OKAY. THANK YOU.

WELL, GOOD. AWESOME.

THANK YOU VERY MUCH. THANK YOU.

IS THERE ANYONE ELSE WHO WOULD LIKE TO SPEAK ON THIS ITEM BEFORE WE CLOSE THE PUBLIC HEARING? I WILL CLOSE THE PUBLIC HEARING AT 6:16.

AND I'LL ENTERTAIN A MOTION.

I'LL MAKE A MOTION TO APPROVE THE ZONING MAP AMENDMENT.

ZA 20231866.

SECOND HAVE A MOTION AND A SECOND.

ALL IN FAVOR SAY AYE? AYE. MOTION CARRIES.

FOUR ZERO. NEXT ITEM.

PUBLIC HEARING. ZA 20232044.

ZONING MAP AMENDMENT.

DISCUSSION AND POSSIBLE ACTION AND RECOMMENDATION TO CITY COUNCIL REGARDING A REQUEST FROM VER PRINCETON LLC FOR A ZONING MAP AMENDMENT FOR A PROPERTY BEING A 24.57 ACRE TRACT OF LAND SITUATED IN THE DAVID SHERRY SURVEY.

ABSTRACT NUMBER 166 CITY OF PRINCETON COLLIN COUNTY, TEXAS.

SO THIS REQUEST IS FOR A PIECE OF PROPERTY JUST SOUTH OF THE SICILY DEVELOPMENT ALONG FM 75.

CITY COUNCIL APPROVED A DEVELOPMENT AGREEMENT FOR THIS PROJECT IN MAY OF THIS YEAR, AND THIS ZONING MATCHES UP WITH THE DEVELOPMENT AGREEMENT THAT WAS APPROVED BY CITY COUNCIL.

THIS WOULD BE PD 40.

THE PURPOSE OF THE PD IS TO CREATE A RESIDENTIAL DISTRICT FOR A HORIZONTAL MULTIFAMILY.

SO A BUILD TO RENT PROJECT.

I'LL PULL UP A CONCEPT PLAN.

HERE SHOWING HOW THE PROJECT MAY DEVELOP.

THESE. LIKE I SAID, BE HORIZONTAL MULTIFAMILY.

AND THEN THE PROPOSED STIPULATIONS ARE SHOWN HERE WITH MINIMUM UNIT SIZES, MAXIMUM LOT COVERAGE, BUILDING SETBACKS AND SOME ARCHITECTURAL STANDARDS.

AS INDICATED, THIS DEVELOPMENT IS CONSISTENT WITH THE APPROVED DEVELOPMENT AGREEMENT AND STAFF RECOMMENDS SUPPORT OF THIS ZONING. I'D BE HAPPY TO ANSWER ANY QUESTIONS AND THE DEVELOPER IS ALSO HERE TO ANSWER ANY QUESTIONS THAT YOU ALL MAY HAVE.

OKAY, I'LL OPEN THE PUBLIC HEARING AT 6:19.

IF THERE'S ANYONE HERE THAT WOULD LIKE TO SPEAK ON THIS ITEM OR IF THE DEVELOPER HAS ANY KIND OF PRESENTATION.

I'M HAPPY TO PRESENT CRAIG PRESENT AS PRESENTED IN CITY COUNCIL OR IF IT COMES TO THE MIC.

JAKE, IT'S UP TO YOU IF YOU WANT TO PRESENT OR JUST BE AVAILABLE TO QUESTIONS, THAT'S YOUR CALL.

HI, EVERYBODY. JAKE SIGLER VIVIER RESIDENTIAL.

THANKS FOR HAVING ME.

SOMETHING I'D ALSO MENTION IS THIS PROPERTY IS CURRENTLY IN THE COUNTY ETJ.

AND SO PART OF THIS PD THAT WAS EARLY VOTED ON BY CITY COUNCIL IS TO ANNEX INTO THE CITY, WHICH IS GOING TO BE THE NEXT STEP FOR US.

SO I'M HAPPY TO SHOW A PRESENTATION, ANSWER ANY QUESTIONS.

LIKE YOU SAID, IT'S 239 UNITS OF HORIZONTAL MULTIFAMILY.

IT'S A MIXTURE OF ONE, TWO AND THREE BEDROOMS. WE HAVE ATTACHED GARAGES ON OUR PROJECT, SO OUR ONE BEDROOMS ARE GOING TO BE DETACHED UNITS, STANDALONE HOMES, AND THEN OUR TWO AND THREE BEDROOM UNITS WILL BE ATTACHED AND DETACHED HOMES WITH ONE AND TWO CAR GARAGES.

[00:20:03]

WE'LL HAVE A MINIMUM 3000 SQUARE FOOT CLUBHOUSE THAT WILL HAVE NICE AMENITIES.

DOG PARKS, GRILLING STATION POOL, WORKOUT FACILITY, BUSINESS CENTER FOR OUR RESIDENTS COME ENJOY THEMSELVES AND AND AMPLE GREEN SPACE AS WELL.

WE ALSO WILL BE AFFECTED BY THE FUTURE TEXT 380 EXPANSION THAT'S GOING TO COME THROUGH THE CORNER OF OUR PROPERTY.

SO WE'VE ALREADY BEEN PLANNING WITH THE CITY AND WITH TEXDOT AS WELL TO ACCOUNT FOR THAT FUTURE DEVELOPMENT AND INTEGRATING OUR PROJECT INTO THAT FRONTAGE ROAD THAT'S GOING TO BE COMING THROUGH WHEN IT DOES BREAK GROUND.

WITH THAT, HAPPY TO ANSWER ANY QUESTIONS.

I APPRECIATE YOUR TIME.

THANK YOU. GOOD.

THANK YOU. ON THE ARCHITECTURAL STANDARDS, IT SHOWS A MINIMUM OF 35% MASONRY ON THE FRONT, FACING WHAT WOULD BE THE REMAINING EXTERIOR.

YEAH, I CAN.

LET ME PULL UP SOME SAMPLE RENDERINGS OF PROPOSED.

LET'S SEE. THIS IS JUST A LITTLE BIT ABOUT US.

THIS IS A CITY COUNCIL PRESENTATION FROM EARLIER THIS YEAR.

THIS IS OUR PROPERTY LOCATION OUTLINED IN RED THERE, 24.5 ACRES.

YOU CAN ALSO SEE THE FUTURE 380 EXPANSION RUNNING THROUGH THE TIP OF OUR SITE THERE.

THAT'S A ZOOMED IN LOOK.

WE ACTUALLY WERE APPROVED TO GO 250 UNITS.

PLUS WE DECIDED TO DOWNSIZE THE PROJECT TO AFFORD MORE GREEN SPACE AND MORE AMENITY SPACE.

SO WE TOOK IT DOWN TO 239 UNITS.

THIS IS A ZOOMED IN LOOK, A MIXTURE OF THE ONE, TWO AND THREE BEDROOMS AND THE TOTAL SQUARE FOOTAGE ASSOCIATED WITH EACH.

AND THEN AS WE WERE WORKING WITH THE CITY ON ARCHITECTURAL STANDARDS, WE TOOK THE BASE ZONING OF MF2.

AND THEN WE JUST BASICALLY WENT THROUGH EACH ARCHITECTURAL STANDARDS TO CONFORM TO WHAT WOULD BASICALLY HELP EVERYBODY GET COMFORTABLE. WE PROVIDED SAMPLE RENDERINGS OF WHAT WE CONSIDER TO BE AROUND 35% MASONRY WITH OTHER ARCHITECTURAL FEATURES FROM BOARD AND BATTEN TO SOME TYPE OF LAP SIDING.

WE HAVE, AS YOU CAN SEE, A ON THE BOTTOM PART OF MANY OF THESE RENDERINGS, YOU'LL SEE STONE STUCCO BRICK.

BUT THESE ARE SOME OF THE RENDERINGS THAT WE ALL AGREED ON WOULD BE EXEMPLARY OF THE TYPE OF PROJECT THAT WE WANT TO BUILD.

AND THEN THESE ARE SOME OF THE AMENITIES THAT WOULD BE AN EXAMPLE OF WHAT WE'D BE BRINGING TO PRINCETON AS WELL.

I HOPE THAT ANSWERED THE QUESTION.

YEAH, THAT DOES.

AND THESE ARE BUILD TO RENT? THAT'S CORRECT. SO THESE WILL BE 100% LEASED, MANAGED LIKE AN APARTMENT COMMUNITY ON SITE MAINTENANCE, LEASING STAFF, EVERYTHING THAT YOU'D EXPECT.

OKAY. ANY OTHER QUESTIONS? THANK YOU. THAT'S IT. THANK YOU VERY MUCH.

THANK YOU GUYS FOR YOUR TIME. APPRECIATE YOU.

THANK YOU. ANYBODY ELSE WANT TO SPEAK ON THIS ITEM BEFORE I CLOSE THE PUBLIC HEARING? CLOSE THE PUBLIC HEARING AT 6:24.

THERE'S NO MORE DISCUSSION.

SOMEONE LIKE TO MAKE A MOTION.

I'LL MAKE A MOTION TO APPROVE WSA 20232044.

I'LL SECOND. I HAVE A MOTION.

A SECOND. ALL IN FAVOR.

SAY AYE. AYE, AYE.

AYE. MOTION CARRIES.

FOUR ZERO. NEXT ITEM.

PUBLIC HEARING WSA 20232130.

ZONING MAP AMENDMENT DISCUSSION AND POSSIBLE ACTION AND RECOMMENDATION TO CITY COUNCIL REGARDING A REQUEST FROM SRI SRI LLC FOR A ZONE MAP AMENDMENT FOR A PROPERTY BEING A 19.08 TRACT OF LAND SITUATED IN THE DAVID SHERRY SURVEY.

ABSTRACT NUMBER 166 CITY OF PRINCETON COLLIN COUNTY, TEXAS.

SO THIS REQUEST IS FOR A TRACT OF LAND JUST NORTH OF THE MONTICELLO PARK, PHASE FOUR DEVELOPMENT ALONG FM 75.

IT'S CURRENTLY ZONED FOR SINGLE FAMILY ONE AND THE APPLICANT IS REQUESTING TO REZONE TO SF, Z OR SINGLE FAMILY ZERO LOT LINE.

THIS PROPOSED CHANGE WILL INCREASE THE APPROXIMATE NUMBER OF RESIDENTIAL LOTS FROM 77 TO 103.

[00:25:08]

THE FUTURE LAND USE MAP OF THE COMPREHENSIVE PLAN DESIGNATES THIS AREA AS COMPACT NEIGHBORHOOD.

COMPACT NEIGHBORHOOD IS SUPPORTIVE OF SINGLE FAMILY DETACHED HOMES, PATIO HOMES, TOWNHOMES AND DUPLEXES.

SO. THIS REQUEST TO REZONE TO SF Z OR SINGLE FAMILY ZERO LOT LINE IS IN CONFORMANCE WITH THE COMPREHENSIVE PLAN AND FOR THIS REASON STAFF IS IN SUPPORT OF THE REQUESTED CHANGE AND WE RECOMMEND APPROVAL AS SUBMITTED.

I'M AVAILABLE TO ANSWER ANY QUESTIONS.

THE APPLICANT IS ALSO HERE TO ANSWER ANY QUESTIONS THAT YOU ALL MAY HAVE.

GO AHEAD AND OPEN THE PUBLIC HEARING AT 626 ON THIS.

DOES THE APPLICANT HAVE ANY THING TO SAY? PRESENTATION, ANYTHING? THERE IT IS. SORRY.

YES, LARRY WILLIAMS. I'M WITH KIMLEY-HORN, REPRESENTING THREE THREE LLC.

I'M AVAILABLE FOR ANY QUESTIONS? COULD YOU TELL US, I GUESS THE AVERAGE, I GUESS, SQUARE FOOTAGE OF THOSE HOMES ON THOSE COMPACT LOTS? THEY ARE ON AVERAGE, THEY'RE ABOUT 40FT WIDE BY 105FT DEEP.

SO I'D SAY AROUND 4000.

THAT'S THE LOT SIZE, BUT CORRECT? YES. DO YOU KNOW THE I BELIEVE THE QUESTION WAS GEARED TOWARDS THE UNIT SIZE.

DO YOU KNOW WHAT? I'M SORRY.

I DON'T KNOW THAT RIGHT NOW.

DO YOU HAVE ANY OF THE SPECIFICATIONS ON WHAT TYPE OF CONSTRUCTION THIS WILL BE? ARE THEY BRICK OR SIMILAR TO WHAT WE JUST SAW IN THIS OTHER PRESENTATION? NO, MA'AM, NOT RIGHT NOW.

PREVIOUSLY, THERE WAS ANOTHER DEVELOPER THAT WAS GOING TO DEVELOP THIS LAND, AND THE OWNER HAS SINCE SOLD IT TO ANOTHER ANOTHER DEVELOPER, WHICH IS WHY WE'RE REZONING TO THE SFRS. SO THAT HAS NOT BEEN DETERMINED YET.

WOULD WE LIKE TO SEE SOMETHING LIKE THAT BEFORE WE.

ACTED ON THIS.

SO JUST TO KEEP IN MIND, THE REQUEST IS FOR A ZONING CHANGE.

IT'S A STRAIGHT REZONING FROM SF ONE TO SFC, AND THERE IS NOT A PD, SO WE DON'T HAVE THE ABILITY TO ENFORCE ANY STRICTER REQUIREMENTS SUCH AS ARCHITECTURAL STANDARDS.

THERE'S JUST BE THE BASIC SF AND OTHER CITY REQUIREMENTS WILL APPLY WITHOUT IT BEING A PD.

WE DON'T HAVE ANY FLEXIBILITY TO TO PUT ADDITIONAL ASKS ON THE DEVELOPER.

CRAIG IS THIS WITH THE EGG AND NOT THE CITY LIMITS? IT HAS BEEN ANNEXED AND IS IN THE CITY LIMITS.

SO CORRECT ME IF I'M WRONG, WE WILL SEE THIS PROJECT AGAIN WHEN THEY ACTUALLY HAVE MORE OF A DEVELOP.

IS THAT CORRECT OR NO? YOU'D SEE A PRELIMINARY PLAT, BUT THE INDIVIDUAL BUILDING PERMITS WOULD JUST BE REVIEWED BY STAFF AND AS LONG AS THEY CONFORM TO THE BUILDING, CODE PERMITS WILL BE ISSUED. OKAY.

THE CITY DOESN'T HAVE ANY ARCHITECTURAL CONTROL OVER THIS DEVELOPMENT.

AND JUST ONE NOTE YOU HAD ASKED ABOUT MINIMUM BUILDING SIZE.

THE SFRS DISTRICT REQUIRES A MINIMUM BUILDING SIZE OF 1200 SQUARE FEET.

SO THAT REQUIREMENT WILL BE ENFORCED WHEN BUILDING PERMITS ARE APPLIED FOR.

OKAY. I MEAN, AS FAR AS THE ZONING ITSELF GOES, I DON'T SEE AN ADVANTAGE TO SHRINKING THE LOTS FROM A.

THE CITIZEN'S PERSPECTIVE, BUT.

AND IT'S ADDING 26 LOTS.

[00:30:11]

ANY THOUGHTS? ROBIN KNOW WHEN WE DO THE SFC, DOES THAT MEAN IS THERE A SPECIFIC AMOUNT OF SPACE THEY NEED BETWEEN EACH SINGLE FAMILY HOME? CRAIG YES, THERE SHOULD BE FIVE FEET SPACE BETWEEN EACH EACH HOME.

ANY OTHER QUESTIONS FOR THE APPLICANT? I'M LOOKING AT THE PRIOR WE SAW THIS.

IF I DON'T KNOW WHAT YEAR THIS WAS MAY I THINK OF 22.

AND IT REALLY THE DESIGN DOESN'T LOOK ANY DIFFERENT THAN WHAT IT DID THE FIRST TIME WE'VE SEEN THIS, OTHER THAN YOU'LL BE ADDING THE 23 LOTS.

I THINK IT'S.

YES, MA'AM. ABOUT THE SAME LAYOUT.

I JUST HATE TO GIVE UP ESSER. YEAH, JUST DO THE COSTS AND WHAT THE NUMBERS ARE SHOWING, AND IT DOES MATCH WITH WHAT'S GOING ON WITH THE MONTICELLO PHASE FOUR JUST TO THE SOUTH.

SO THEY WANT TO USE THAT AS PRECEDENT TO BE A LITTLE BIT MORE EFFICIENT WITH BUILDING COSTS.

KNOW THE QUESTIONS.

ARE THESE DETENTION PONDS THAT ARE ON EACH END? YES, MA'AM. YES, MA'AM.

ONE IN THE NORTHEAST AND ONE ON THE WEST END OF THE PROPERTY.

OKAY. I DON'T HAVE ANY OTHER QUESTIONS.

THANK YOU FOR YOUR TIME.

ANYONE ELSE LIKE TO SPEAK ON THIS ITEM BEFORE WE CLOSE THE PUBLIC HEARING? CLOSE THE PUBLIC HEARING AT 6:33.

ANY OTHER DISCUSSION BEFORE WE MOVE FORWARD? DOES THIS NEIGHBORHOOD ENTER OFF OF MONTICELLO? NO, THE ENTRANCE IS OFF OF FM 75.

SO JUST TO THE SOUTH IS A PROPOSED LITTLE MOUNTAIN WAY THAT WILL BE CONSTRUCTED WITH MONTICELLO PARK, PHASE FOUR.

SO ALL ACCESS WILL BE OFF OF THAT FUTURE LITTLE MOUNTAIN WAY THAT YOU CAN SEE ON THE SOUTH SIDE OF THE CONCEPT PLAN THAT'S ON THE SCREEN.

OKAY. SO IT'S KIND OF BETWEEN THEM AND MONTICELLO TOGETHER.

THEY'D BE DOING IT TOGETHER, BUT MONTICELLO PARK IS BUILDING THAT ROAD.

BUT THIS DEVELOPMENT WILL OBTAIN ACCESS FROM THAT NEW ROAD.

OKAY.

AND IF I RECALL, THE MONTICELLO RIGHT THERE IS THAT'S ALSO TOWNHOMES TO THE SOUTH.

JUST TO THE SOUTH OF THIS IS A SINGLE FAMILY PORTION OF MONTICELLO.

IT IS A SINGLE FAMILY. YES.

ANYONE LIKE TO MAKE A MOTION? YEAH. I LIKE TO MAKE A MOTION TO APPROVE ZONING MAP AMENDMENT ZA 20231.

SORRY. WE TRY IT AGAIN.

THE ZONING MAP AMENDMENT ZA 20232130.

[00:35:10]

I HAVE A MOTION TO HAVE A SECOND.

I'LL SECOND THE MOTION AND WE'LL DO A ROLL CALL VOTE.

ALL IN FAVOR, SAY AYE.

. MOTION IS TIED 2-2 CRAIG.

WHAT DO WE DO IN THAT SITUATION SINCE THERE'S FOUR OF US? ONLY RIGHT NOW IT CAN MOVE FORWARD TO CITY COUNCIL WITH NO ACTION.

OKAY. YOUR 2-2 VOTE WILL BE PRESENTED TO CITY COUNCIL.

OKAY, FAIR ENOUGH.

WE'LL MOVE ON TO PL 20230615.

PRELIMINARY PLAT MATTEI MIDDLE SCHOOL AND JAMES ELEMENTARY SCHOOL.

COMPLEX DISCUSSION AND POSSIBLE ACTION RECOMMENDATION TO CITY COUNCIL REGARDING A REQUEST FROM PRINCETON ISD FOR PRELIMINARY PLAT APPROVAL FOR A PROPERTY BEING A 78.08 ACRE TRACT OF LAND SITUATED IN THE WILLIAM THOMPSON SURVEY.

ABSTRACT NUMBER 892 COLLIN COUNTY, TEXAS.

SO THIS IS A REQUEST FOR PRELIMINARY PLAT APPROVAL.

YOU SAW THIS PRELIMINARY PLAT RECENTLY.

THIS IS THE SCHOOL HAS THE MIDDLE SCHOOL.

THE MIDDLE SCHOOL IS HERE.

A FUTURE. JAMES ELEMENTARY IS UNDER CONSTRUCTION AND THE SCHOOL DISTRICT IS PROPOSING A THIRD BUILDING ON THIS SITE FOR AN EARLY CHILDHOOD CENTER.

THIS PRELIMINARY PLAT HAS BEEN REVIEWED BY CITY STAFF AND MEETS ALL APPLICABLE REGULATIONS.

THIS SITE IS OUTSIDE OF CITY LIMITS, BUT IT IS WITHIN OUR ETJ.

SO THAT'S WHY YOU'RE SEEING THIS PLOT.

THE DISTRICT WILL BE MAKING IMPROVEMENTS TO THE ADJACENT COUNTY ROADS AS REQUIRED BY THE SUBDIVISION ORDINANCE.

AND HERE'S A LOOK AT THE SITE PLAN.

YOU CAN SEE THE MIDDLE SCHOOL JUST OFF THE SCREEN.

THE ELEMENTARY THAT'S UNDER CONSTRUCTION.

AND THEN TO THE NORTH IS THE PROPOSED EARLY CHILDHOOD EDUCATION CENTER.

THIS ITEM IS RECOMMENDED FOR APPROVAL AS SUBMITTED.

I'D BE HAPPY TO ANSWER ANY QUESTIONS THAT YOU ALL MAY HAVE.

IT'S HARD FOR ME TO TELL.

MAYBE EVERYONE ELSE CAN.

BUT WHAT IS THE ROOT FOR DROP OFF IN THESE TWO DIFFERENT BUILDINGS? I KNOW THAT SOMETIMES THESE SCHOOLS HAVE A LOT OF CONGESTION WITH PICK UP AND DROP OFF ROUTES.

WELL, YOU'RE WITH THE MAP CUT OFF.

I KNOW YOU'VE GOT THE JUNIOR HIGH HERE OFF OF THIS COUNTY ROAD AND YOU'VE GOT THE ELEMENTARY SCHOOL HERE THAT'S GOING TO EXIT ONTO THAT COUNTY ROAD.

SO YOU'VE GOT ALL THREE BUILDINGS ARE WILL BE EXITING ON THREE DIFFERENT COUNTY ROADS.

YEAH, THAT'S CORRECT.

EACH CAMPUS HAS FRONTAGE ON A DIFFERENT STREET ON THIS SITE PLAN.

I'LL TRY AND ENLARGE IT.

YOU CAN SEE THEY HAVE A DRIVEWAY THAT GOES TO THE BACK OF THE BUILDING WITH A LOOP, AND THERE'S ALSO A LOOP IN THE FRONT.

I'M NOT SURE IF DROP OFF WILL BE IN THE FRONT OR THE BACK.

BUT THE DISTRICT WILL BE RESPONSIBLE FOR PAVING COUNTY ROAD 392 AND THEY'LL BE RESPONSIBLE FOR ADDING TURN LANES, A LEFT TURN LANE AND A RIGHT TURN LANE TO HELP WITH THE INCREASE OF TRAFFIC TO THIS DEVELOPMENT WILL CAUSE.

ARE THEY GOING TO KEEP IT AS A TWO LANE ROAD? HUNDRED TWO OR DOES IT HAVE AN EXPANSION PLAN? IT'S ALREADY PRETTY BUSY, SO IT WILL REMAIN A TWO LANE ROAD.

OUR THOROUGHFARE PLAN DOES CALL FOR IT TO BE A FOUR LANE ROAD IN THE FUTURE.

THIS IS OUTSIDE OF CITY LIMITS.

AT A MINIMUM, THE SUBDIVISION ORDINANCE REQUIRES THE ROAD TO BE IMPROVED, SO THEY'LL HAVE TO BE PAVED TO CITY STANDARDS.

BUT THE WIDTH WILL, BESIDES THE TURN LANES BEING ADDED, IT WON'T BE INCREASED BEYOND THAT.

I THINK IT'S GREAT THAT OUR ISD IS GOING TO HAVE A DAYCARE AND AN EARLY CHILDHOOD CENTER.

I DON'T KNOW THAT OTHER DISTRICTS HAVE THOSE, ESPECIALLY WHEN AS SMALL AS OURS.

AGREE. ANY OTHER QUESTIONS FOR CRAIG?

[00:40:04]

SOMEBODY WANT TO MAKE A MOTION? I'LL MAKE A MOTION TO APPROVE PRELIMINARY PLAT.

PL 20230615.

MATTEI MIDDLE SCHOOL AND JAMES ELEMENTARY SCHOOL COMPLEX.

I'LL SECOND. I HAVE A MOTION A SECOND.

ALL IN FAVOR SAY AYE.

AYE. MOTION CARRIES FOUR ZERO.

[INFORMATION]

INFORMATION NEXT MEETING.

EXCUSE ME. MONDAY, OCTOBER 16TH, 2023.

SECOND ITEM DISCUSSION REGARDING VACANT SEATS ON THE PLANNING AND ZONING COMMISSION.

COMMISSIONER BELLON RESIGNED SHORTLY AFTER OUR AUGUST MEETING.

CITY COUNCILMAN OBARA IS RESPONSIBLE FOR APPOINTING HIS SEAT.

HE'S WORKING ON THAT AND WE HOPE TO HAVE THAT FILLED BY THE NEXT CITY COUNCIL MEETING.

SO THAT WILL GET US BACK UP TO FIVE.

THERE ARE THEN TWO ADDITIONAL SEATS.

THOSE WILL NOT BE FILLED UNTIL THE NEW CITY COUNCIL MEMBERS TAKE OFFICE IN JANUARY.

WE'LL HAVE SEVEN CITY COUNCIL MEMBERS STARTING IN JANUARY, AND THEY'LL EACH HAVE AN APPOINTEE.

SO IT WON'T BE UNTIL EARLY NEXT YEAR THAT WE'LL HAVE SEVEN SEATS ON THE PLANNING AND ZONING COMMISSION.

SO FOR NOW, IT HAS TO BE ALL FOUR OF US, CORRECT? CORRECT. WE NEED ALL FOUR OF YOU TO HAVE A QUORUM SINCE WE'RE TECHNICALLY HAVE SEVEN SEATS.

HOPEFULLY WE'LL GET THAT FIFTH MEMBER APPOINTED SOON.

OKAY. I APPRECIATE YOUR ATTENDANCE.

BEFORE WE STRAY FROM THAT ITEM, I JUST WANT TO PUBLICLY THANK COMMISSIONER BELLON FOR HIS YEARS OF VOLUNTEER SERVICE ON THIS COMMISSION.

WISH HIM THE BEST MOVING FORWARD.

NUMBER THREE, CONSIDER A REQUEST FOR ITEMS TO BE PLACED ON A FUTURE AGENDA AND NOT FOR DISCUSSION OF THESE REQUESTS AT THIS TIME.

ANYONE HAVE ANYTHING TO PUT ON A FUTURE AGENDA? I SEE WHERE WE HAVE A NEW EXPANDED EDGE MAP BASED ON OUR NEW POPULATION NUMBERS.

COULD WE LOOK AT THAT IN OUR NEXT MEETING? YES, IT IS AVAILABLE ON OUR WEB PAGE.

IF YOU GO TO MAPS OF PRINCETON WITHIN THE CITY'S WEBSITE, YOU CAN SEE THE NEW EDGE MAP.

YES. AT THE LAST CITY COUNCIL MEETING, CITY COUNCIL APPROVED A NEW EDGE MAP.

OUR EDGE NOW EXTENDS TWO MILES OUTSIDE OF CITY LIMITS DUE TO OUR POPULATION EXCEEDING 25,000.

OKAY. ANYTHING ELSE? ANYBODY LOOKING FOR ANY UPDATES ON ONGOING PROJECTS FOR.

YOU KNOW, IF THERE'S NOTHING ELSE, I WILL.

GO AHEAD. WHAT'S THE UPDATE ON THE NEW COMPREHENSIVE PLAN AND ARE WE INCORPORATING WHERE WE ARE VERSUS WHERE WE WERE? YES, OUR CONSULTANT IS WORKING ON THAT UPDATE.

WE SHOULD HAVE THAT ON THE AGENDA IN OCTOBER FOR YOUR DISCUSSION.

A DRAFT OF THE UPDATE TO THE COMPREHENSIVE PLAN WILL BE AVAILABLE FOR YOUR REVIEW IN OCTOBER.

OKAY. THANK YOU. AND YES, THAT WILL INCLUDE THE UPDATE TO THOSE NUMBERS, AS YOU'VE REQUESTED.

OKAY. ANYBODY ELSE.

NOW I WILL ENTERTAIN A MOTION FOR ADJOURNMENT.

I'LL MAKE A MOTION TO ADJOURN.

I'LL SECOND. I HAVE A MOTION SECOND.

ALL IN FAVOR. SAY AYE.

AYE. MOTION CARRIES.

FOUR ZERO. WE ARE ADJOURNED.

* This transcript was compiled from uncorrected Closed Captioning.