[00:00:02]
>> GOOD EVENING. WE'RE GOING TO GO AHEAD AND GET STARTED.
[A. CALL TO ORDER (6:30 P.M.)]
THE TIME IS 6:32 PM.THIS WILL BEGIN OUR MEETING FOR THE CITY OF PRINCETON CITY COUNCIL MEETING, TODAY IS AUGUST 26, 2024.
WE WILL BEGIN WITH A ROLL CALL.
MYSELF, BRIANNA CHECON IS PRESENT. MR. DEFFIBAUGH.
>. THANK YOU. THAT'LL TAKE US TO OUR INVOCATION, TONIGHT WE HAVE MR. JOHN PROM.
WELL, THEN I WILL GO AHEAD AND LEAD US AN INVOCATION TONIGHT.
HEAVENLY FATHER GOD IS FIRST AND FOREMOST, THANK YOU SO MUCH FOR EVERYTHING THAT YOU'VE GIVEN US.
THANK YOU FOR THE OPPORTUNITY TO BE HERE TONIGHT.
GOD WE JUST PRAY OVER EACH AND EVERY PERSON, GOD, THAT THE DECISIONS THAT WE MAKE ARE JUST ONES THAT ARE GUIDED BY YOU.
LORD GOD, WE LOVE YOU, WE THANK YOU FOR YOUR SON, JESUS, AND IT'S HIS NAME. WE PRAY AMEN.
>> AND IF YOU'LL JOIN ME FOR THE PLEDGE.
>> I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA, AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION, UNDER GOD, INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL.
TO THE TEXAS FLAG, I PLEDGE ALLEGIANCE TO THEE, TEXAS, ONE STATE UNDER GOD, ONE AND INDIVISIBLE.
>> THANK YOU. THAT IS GOING TO TAKE US TO OUR PUBLIC APPEARANCE TONIGHT.
[E. PUBLIC APPEARANCE]
SPEAKERS ARE ALLOWED THREE MINUTES TO SPEAK.THE COUNSEL IS UNABLE TO RESPOND TO OR 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 THE INQUIRY.
TONIGHT, I HAVE MISS MAXINE ELLIS.
>> GOOD EVENING, MAYOR AND CITY COUNCIL.
I COME TO YOU TONIGHT, NOT WITH ANYTHING.
THIS IS SOMETHING THAT'S A LITTLE MORE PERSONAL.
MY HUSBAND ATTENDED THE SPECIAL MEETING ON THURSDAY WITH US, AND EVEN MYSELF, AND USUALLY I HAVE NO ISSUES, BUT THURSDAY WE WERE HAVING A LOT OF AUDIO ISSUES.
I KEPT GOING LIKE THIS BECAUSE I COULD BARELY HEAR.
MY HUSBAND, IF HE DOESN'T WEAR HIS HEARING AIDS, HE IS 110% DEAF.
HE WAS SITTING NEXT TO ME, AND IF I WAS STRUGGLING TO HEAR, HE SAID HE ONLY HEARD ABOUT 5-10% OF WHAT HAPPENED THURSDAY NIGHT. VERY SAD.
I UNDERSTAND I HEARD THAT THERE'S WHERE HE COULD SIT OUT IN THE HALLWAY AND WATCH A SCREEN.
COME ON, THAT'S A LITTLE RIDICULOUS.
SO YOU'RE TELLING ME HE CAN'T SIT IN HERE WITH ME.
WE'VE GOT SCREEN THERE, I'M SURE WE COULD SOMEWHERE PUT OTHER SCREENS UP TO ACCOMMODATE PEOPLE THAT DO WEAR HEARING AIDS AND DO NEED CLOSED CAPTIONING.
SO THAT'S WHAT I COME TO YOU TONIGHT WITH TO SEE IF THAT'S SOMETHING THAT WE COULD LOOK INTO.
AND I APPRECIATE YOUR TIME. THANK YOU.
>> I JUST WANT TO SAY, FIRST, I APOLOGIZE THAT HE WASN'T ABLE TO HEAR THAT.
WE WANT TO MAKE FOR SURE THAT EVERYONE CAN HEAR ALL MEETINGS.
WE KNOW IT'S A KNOWN ISSUE, AND WE'RE WORKING ON THAT, AND SOON WE'RE GOING TO HAVE SOME RESOLUTION TO IT, SO WE APOLOGIZE.
>> CLINTON LAWRENCE 1304 EAST COLLEGE.
I COME HERE TODAY TO ASK THE COUNCIL TO PLEASE STOP THROWING TXDOT UNDER THE BUS.
YES, TXDOT DOES SHARE SOME RESPONSIBILITY FOR OUR MOBILITY RESTRICTIONS IN AND OUT OF PRINCETON.
HOWEVER, THIS COUNCIL AND PREVIOUS COUNCILS MUST SHARE SOME OF THAT BLAME AS WELL.
TXDOT HAS AND WILL ALWAYS BE A REACTIVE AGENCY, AND THIS WILL NEVER CHANGE.
BUT WHAT WE CAN CHANGE IS RIGHT HERE IN THIS ROOM.
WE CAN CHANGE THE PLANNING, WE CAN CHANGE THE CORE VALUES, WE CAN CHANGE THE POLICIES, AND WE CAN CHANGE THE ELECTED OFFICIALS.
THE CITY OF PRINCETON HAS PLAYED A PART IN THIS CRISIS.
THE CITY HAS POORLY BALANCED THE GROWTH IN OUR COMMUNITY.
SIMPLY PUT, THERE HAS BEEN TOO MANY APARTMENTS, TOWN HOMES, AND 40 FOOT WIDE LOTS LIKE THE ONES BEHIND US.
THE NEIGHBORHOOD BEHIND US HAS ONLY IMPACTED PRINCETON WITH MORE POPULATION.
IT HAS ALSO PROBABLY EXTENDED THE 3A BYPASS COMPLETION FOR TWO MORE YEARS BECAUSE THE ENVIRONMENTAL CLEARANCE NEEDED FOR THE REVISED ALIGNMENT.
ON MAY 7TH OF 2019, THE PREFERRED ALIGNMENT WAS PUBLISHED.
[00:05:01]
THE FIRST PERMITS WERE ISSUED FOR THIS DEVELOPMENT BEHIND US.THOSE FIRST PERMITS WERE FOR THE LOTS DIRECTLY ON THE PREFERRED ALIGNMENT.
SO IN THOSE 13 MONTHS, NOBODY WANTED TO FIND SOLUTION TO THIS PROBLEM.
IT APPEARS THE ONLY SOLUTION WAS TO FORCE TXDOT TO SHIFT THE ALIGNMENT EASTWARD.
SO NOW IT HAS BECOME A US ARMY CORPS OF ENGINEERS PROBLEM, AND AT THE EXPENSE OF THE OPEN SPACE AND GREEN BELT AREA JUST EAST OF US HERE.
SO BECAUSE NOBODY WANTED TO STEP UP AT THE TIME TO FIND A SOLUTION, THE PROJECT HAS ONLY BEEN DELAYED, BUT IT WILL PROBABLY CONSIST OF AN EXTENDED ELEVATED HIGHWAY WITH A 30 FOOT WALL ON THE WEST SIDE RIGHT NEXT TO RESIDENTIAL HOMES.
I KNOW MOST OF THIS COUNCIL WAS NOT PART OF THAT DECISION.
BUT HONESTLY, IT DOESN'T MATTER AT THIS POINT.
REGARDLESS OF WHAT SOME COUNCIL MEMBERS MAY SAY, OUR QUALITY OF LIFE IS NOT GETTING BETTER, IT'S GETTING WORSE.
I CUT MY DRIVING TEETH ON THE 02 LANE 380, AND AT NO TIME HAVE I EVER LOGGED IN AS MUCH IDLE TIME AS I DO NOW.
POLICE STOP SAYING THESE THINGS.
THE CITY, FOR SOME REASON, BELIEVES THEY ARE ALWAYS RIGHTEOUS AND DOES NO WRONG.
THIS IS SIMPLY NOT TRUE. THANK YOU.
>> IS THERE ANYONE ELSE HERE TONIGHT FOR A PUBLIC APPEARANCE? IF NOT, WE'LL MOVE FORWARD WITH OUR ITEMS OF COMMUNITY INTEREST PURSUANT TO
[F. ITEMS OF COMMUNITY INTEREST]
SECTION 551.0415 OF THE TEXAS GOVERNMENT CODE.MAYOR AND CITY COUNCIL MAY REPORT ON ITEMS OF COMMUNITY INTEREST, INCLUDING EXPRESSIONS OF THANKS, CONGRATULATIONS, OR CONDOLENCE.
INFORMATION REGARDING HOLIDAY SCHEDULES, RECOGNITION OF INDIVIDUALS, REMINDERS ABOUT UPCOMING CITY EVENTS.
INFORMATION ABOUT COMMUNITY EVENTS, AND ANNOUNCEMENTS EVOLVING AN IMMINENT THREAT TO PUBLIC HEALTH AND SAFETY.
NO ACTION WILL BE TAKEN ON ANY ITEM OF COMMUNITY INTEREST.
FOR TONIGHT, WE'VE GOT A COUPLE OF THINGS, IMPROVE YOUR HEART HEALTH.
THE AMERICAN HEART ASSOCIATION OFFERS PRINCETON RESIDENTS A FREE HEALTH PROGRAM TO IMPROVE BLOOD PRESSURE.
PARTICIPANTS WILL RECEIVE A BLOOD PRESSURE KIT, MONTHLY HEALTH EDUCATION CLASSES, AND MORE.
CLASSES WILL BE PROVIDED AT THE LIBRARY OR REMOTELY FOR THOSE WHO CANNOT ATTEND IN PERSON TO CHECK AVAILABILITY AND SIGN UP CALLED 972-972-8930.
SHARE YOUR OPINION. THE PRINCETON NELSON PUBLIC LIBRARY IS SEEKING FEEDBACK ON HOW YOU FEEL ABOUT THE LIBRARY, THE SERVICES YOU USE, AND THE SERVICES YOU WOULD LIKE TO SEE.
THE SURVEY CAN BE FOUND ON THE LIBRARY'S FACEBOOK PAGE, AND THE DEADLINE TO COMPLETE THE SURVEY IS AUGUST 31ST.
HELP YOUR CHILD BUILD THEIR ABILITY TO RECOGNIZE LETTERS AND SOUNDS.
THE LIBRARY WILL HOLD ITS BI-WEEKLY TODDLER PHONICS PROGRAM ON THURSDAY, SEPTEMBER THE FIFTH AT 10:30 AM.
THIS PROGRAM IS BEST SUITED FOR TODDLERS AGES TWO THROUGH FIVE.
THE PRINCETON FIRE DEPARTMENT IS THRILLED TO SHARE THAT TWO OF ITS OWN FIREFIGHTERS JOE VEGA AND STEPHEN CORTINAZ, ARE STEPPING INTO THE RING TO REPRESENT TEAM FIRE AT THIS YEAR'S GUNS AND HOSES BOXING TOURNAMENT ON SEPTEMBER 14.
WE'D LOVE FOR YOU TO JOIN US IN SUPPORTING OUR BRAVE HEROES AS THEY GO HEAD TO HEAD FOR A GREAT CAUSE BENEFITING THE FAMILIES OF FALL AND FIRST RESPONDERS.
TICKETS FOR GUNS AND HOSES ARE AVAILABLE ON TICKETMASTER.
THE PRINCETON FIRE DEPARTMENT WILL TEACH AN EIGHT HOUR CPR CERTIFICATION CLASS ON SEPTEMBER 21ST FROM 9:00 TO 5:00 PM AT THE MUNICIPAL CENTER.
SIGN UP ON THE CITY WEBSITE, AND THIS CLASS IS BROUGHT TO YOU BY THE COMMUNITY DEVELOPMENT CORPORATION, AND VOTER REGISTRATION CARDS ARE AVAILABLE FOR PICKUP AT THE LIBRARY.
COUNSEL, IS THERE ANYTHING ELSE THAT YOU WOULD LIKE TO ADD TONIGHT FOR COMMUNITY INTEREST?
>> YOUR HONOR, I'D LIKE TO ADD THAT THE COLLIN COUNTY COMMISSIONERS WERE IN EXTREME DROUGHT IF PEOPLE DIDN'T KNOW THAT.
NO RAIN IN THE FORECAST EXCEPT DOVE SEASON IS COMING UP, SO WE'LL PROBABLY HAVE SOME.
BUT THE COLIN COUNTY COMMISSIONERS COURT ISSUED A BURN BAN FOR ALL COLIN COUNTY TODAY.
>> THANK YOU. ANYTHING ELSE? IF NOTHING ELSE, THAT WILL TAKE US TO OUR CONSENT AGENDA.
[G. CONSENT AGENDA]
ALL ITEMS LISTED ARE CONSIDERED TO BE RETAINED BY THE CITY COUNCIL WILL BE ENACTED BY ONE MOTION.THERE WILL BE NO SEPARATE DISCUSSION OF THESE ITEMS, UNLESS THE COUNCIL MEMBER SO REQUEST.
IN WHICH EVENT THE ITEM WILL BE REMOVED FROM THE AGENDA AND CONSIDER IN ITS NORMAL SEQUENCE ON THE AGENDA.
SO NOW WE HAVE G1, G2, G3, G4, G5, G6, G7, G8 AND G9.
AND IF THERE'S NO FURTHER DISCUSSION, I WILL ENTERTAIN A MOTION, PLEASE.
>> YOUR HONOR, IF NO ONE HAS ANY DISCUSSION ON THIS, CONSENT AGENDA A MOTION TO APPROVE.
>> WITH THAT. WE WILL DO A ROLL CALL VOTE, MR. DEFFIBAUGH.
>> MOTION CARRIES 7 - 0 TO APPROVE THE CONSENT AGENDA.
THAT WILL TAKE US TO OUR CEREMONIAL ITEMS.
[H. CEREMONIAL ITEMS]
ITEM 2024 176 ACKNOWLEDGE AND CONGRATULATE THE WINNERS OF THE ADVENTURE BEGINS AT YOUR LIBRARY, SUMMER READING PROGRAM HOSTED BY THE LOUIS NELSON PUBLIC LIBRARY. GOOD EVENING.>> THANK YOU FOR HAVING US HERE.
I'M GLYNDA PUCKETT, THE LIBRARY DIRECTOR AT THE LOUIS NELSON PUBLIC LIBRARY.
[00:10:02]
AND I WOULD LIKE TO JUST TAKE A BRIEF MOMENT TO REALLY TALK ABOUT OUR SUMMER READING PROGRAM.WE WERE VERY FORTUNATE THIS YEAR TO GO FROM 16 STUDENTS WHO PARTICIPATED IN 2023 TO OVER 120 STUDENTS WHO PARTICIPATED THIS YEAR, AND THEY READ A TOTAL OF OVER 195,000 MINUTES.
AND THIS IS VERY IMPORTANT BECAUSE AS WE KNOW, IF YOU'RE NOT READING OVER THE SUMMER, YOU CAN EXPERIENCE WHAT THEY CALL THE SUMMER SLIDE.
AND RESEARCH HAS SHOWN THAT SOME STUDENTS WILL LOSE AT LEAST 20% OF WHAT THEY HAVE GAINED DURING THE SCHOOL YEAR IF THEY'RE NOT PRACTICING READING OVER THE SUMMER.
SO IT'S VERY IMPORTANT THAT THEY'RE CONTINUING TO DO THIS.
SO WE'RE VERY PROUD OF OUR READERS AND THE PARENTS WHO ACTUALLY ENCOURAGE THEIR KIDS TO READ OVER THE SUMMER AND PARTICIPATED IN THIS PROGRAM, AS WELL AS WE WOULD LIKE TO THANK OUR SPONSORS WHO ARE COMMUNITY SPONSORS, SCOOTERS COFFEE, PRINCETON FAMILY DENTAL, DOMINOS PIZZA SONIC, CWD, AND TEXAS ROADHOUSE FOR HELPING PROVIDE THE PRIZES FOR THOSE STUDENTS.
BUT TONIGHT, WE HAVE SOME OF THE STUDENTS HERE TO BE RECOGNIZED AND TAKE A PICTURE.
WE ALREADY AWARDED THEM PRIZES BECAUSE WE KNOW THAT WE'RE ALWAYS ON A TIGHT SCHEDULE, AND I DON'T WANT TO DELAY THAT.
SO IF I COULD HAVE THOSE STUDENTS COME UP SO THEY CAN BE RECOGNIZED.
WE HAVE ONE FAMILY HERE WHO HAD THREE WINNERS.
IN EACH CATEGORY, THEY HAD A FIRST PRIZE WINNER IN THEIR FAMILY.
>> COME ON UP. SO WE HAVE IMAN. TELL ME YOUR NAME.
>> MANESSA. PUGITA. TRESS, RIGHT? YEAH. CHIKI, ELLIS, BRAYDEN, AND WE HAVE NICHOLAS OVER HERE, WHO WON, AND HIMOVONS.
THERE YOU GO. SO IF YOU GUYS DON'T MIND [APPLAUSE], TAKING A PICTURE WITH THEM. [APPLAUSE]
>> WELL, KIDDOS, SUPER JOB, VERY PROUD OF YOU.
LOVE THAT YOU'RE READING, LOVE THAT YOU'RE GETTING INVOLVED.
PARENTS, IF YOU DON'T WANT TO STICK AROUND
[00:15:02]
FOR THE REST OF THE MEETING, PLEASE FEEL FREE.YOU'RE MORE THAN WELCOME TO LEAVE WHENEVER YOU WOULD LIKE TO.
>> BUT YOU CAN STAY TOO. BUT JUST FOR THE SAKE OF YOUR KIDS, PLEASE DON'T FEEL LIKE YOU HAVE TO STAY.
JUST TO GIVE A HUGE SHOUT-OUT TO OUR LIBRARIAN. YOU'RE AMAZING.
[APPLAUSE] IT HAS BEEN AMAZING TO SEE OUR LIBRARY GROW AND ALL THE PROGRAMS THAT YOU'RE PULLING IN AND ALL THE THINGS THAT YOU'RE DOING FOR THE COMMUNITY.
WE APPRECIATE YOU, AND I HOPE YOU SEE HOW LOVED YOU ARE, AND KEEP DOING IT. WE'RE VERY PROUD OF YOU.
THAT IS GOING TO TAKE US TO OUR EXECUTIVE SESSION
[I. EXECUTIVE SESSION]
TONIGHT UNDER THE TERMS OF CHAPTER 551 OF THE TEXAS GOVERNMENT CODE.THE CITY COUNCIL MAY ENTER INTO A CLOSED SESSION OR EXECUTIVE SESSION TO DISCUSS THE FOLLOWING.
SECTION 551071 TEXAS GOVERNMENT CODE, CONSULTATION WITH THE CITY ATTORNEY ON A PENDING OR CONTEMPLATED LITIGATION, A SETTLEMENT OFFER, OR IN A MATTER IN WHICH THE DUTY OF THE ATTORNEY TO THE GOVERNMENTAL BODY.
UNDER THE TEXAS DISCIPLINARY RULES, PROFESSIONAL CONDUCT OF THE STATE BAR OF TEXAS CLEARLY CONFLICTS WITH THIS CHAPTER ON ANY AGENDA ITEM LISTED ANYWHERE ELSE WITHIN THIS AGENDA, AND OR SUBJECT MATTER LISTED BELOW.
DISCUSS KEY PERFORMANCE INDICATORS AND SECTION 5501 072.
SAME THING FOR REAL PROPERTY LOCATED SOUTH OF MONTE CARLO EAST OF LONG NECK 75, NORTH OF US 380, AND WEST OF CR 458.
THIS WILL PUT US INTO EXECUTIVE SESSION.
WE THANK YOU FOR BEING PATIENT WITH US.
THIS WILL PUT US BACK INTO REGULAR SESSION.
THERE IS NO ACTION TO BE TAKEN TONIGHT ON EXECUTIVE SESSION.
HOWEVER, I WOULD LIKE OUR ATTORNEY, MR. LOWRY TO SPEAK JUST A LITTLE BIT ABOUT EXECUTIVE TONIGHT, PLEASE.
>> SURE. MADAM MAYOR, MEMBERS OF COUNCIL, MEMBERS OF THE PUBLIC.
UNDER THE TEXAS OPEN MEETINGS ACT, THE GENERAL RULE IS THAT ALL MEETINGS ARE OPEN TO THE PUBLIC.
HOWEVER, THERE ARE CERTAIN EXCEPTIONS TO THIS GENERAL RULE, AND THAT'S CODIFIED IN SUB CHAPTER D OF THE TEXAS OPEN MEETINGS ACT.
IT BASICALLY SAYS THAT THERE ARE CERTAIN PROVISIONS UNDER TEXAS LAW THAT'S DEEMED CONFIDENTIAL, AND THE EXCEPTION TO THE RULE THAT EVERYTHING BE OUT AND OPENED.
IT CAN BE BACK IN CLOSED MEETING, AND SOME OF THOSE ARE SOME OF THOSE PROVISIONS ARE SOME OF THE ONES THAT YOU TYPICALLY SEE ON AN AGENDA, SO CONSULTATION WITH ATTORNEY, DELIBERATION REGARDING REAL PROPERTY, PERSONNEL MATTERS, ECONOMIC DEVELOPMENT NEGOTIATIONS, ET CETERA.
ONCE AGAIN, THESE CONFIDENTIAL PROVISIONS, THEY ARE DEEMED CONFIDENTIAL UNDER STATE LAW, SPECIFICALLY SUBCHAPTER D OF THE OPEN MEETINGS ACT.
>> THANK YOU. THEN JUST FOR ALL OF OUR RESIDENTS AND EVERYONE LISTENING ONLINE.
WE JUST WANT YOU TO KNOW THAT WE DO HEAR YOU AND THAT, WE HAVE SPENT TIME IN EXECUTIVE.
WE ARE GOING TO TRY TO START NARROWING THAT GAP AND DOING THINGS MORE EFFICIENTLY SO THAT YOU'RE NOT OUT THERE WAITING FOR US AND JUST TO MAKE THE FLOW OF THE MEETINGS A LITTLE BIT BETTER. WE HEAR YOU.
WE'RE GOING TO MAKE SOME CHANGES COMING UP SOON, AND WE'LL CONTINUE TO MAKE THOSE CHANGES UNTIL WE GET IT RIGHT, AND WE'LL KEEP ON MOVING FORWARD.
WITH THAT, WE WILL GO TO OUR PUBLIC HEARINGS TONIGHT.
[K. PUBLIC HEARINGS]
THAT'S GOING TO BE ITEM K, K 120-20-4184.CONDUCT PUBLIC HEARING ON LEVYING ASSESSMENTS FOR THE COST OF CERTAIN IMPROVEMENTS TO BE PROVIDED IN THE EASTRIDGE PUBLIC IMPROVEMENT DISTRICT, AREA NUMBER THREE.
THIS WILL OPEN THAT PUBLIC HEARING.
IS THERE ANYONE HERE THIS EVENING FOR THE PUBLIC HEARING? SINCE NO ONE IS HERE FOR THAT, WE'LL GO AHEAD AND CLOSE THE PUBLIC HEARING.
THIS WILL PUT US BACK INTO OUR REGULAR AGENDA.
[L. REGULAR AGENDA]
ITEM L 1202408 26R.CONSIDER APPROVING RESOLUTION NUMBER 202-40-8206 R, NAMING THE PROPOSED TAX RATE THAT THE CITY MAY ADOPT FOR THE 2024 TAX YEAR AND SETTING THE DATE TIME AND PLACE FOR A PUBLIC HEARING ON THE TAX RATE, AND TAKE APPROPRIATE ACTION. GOOD EVENING.
>> GOOD EVENING, MARY COUNSEL.
I'M CHARLES COX, THE INTERIM CHIEF FINANCE OFFICER FOR THE CITY.
TONIGHT I'M HERE TO ADDRESS THIS PARTICULAR AGENDA ITEM.
AS NOTED, THE STATE TRUTHS AND TAXATION LAWS PROVIDE FOR A VERY STRICT SET OF STEPS IN ORDER TO ADOPT A PROPERTY TAX RATE AS WELL AS TO ADOPT A BUDGET.
TONIGHT FOR THIS PARTICULAR AGENDA ITEM, IS THAT FIRST STEP, AND THAT IS TO PROPOSE A PROPERTY TAX RATE FOR THE COMING FISCAL YEAR STARTING OCTOBER 1.
THE STAFF, THE CITY MAGERS BUDGET THAT HAS BEEN PRESENTED TO THE COUNCIL WAS PREDICATED UPON MAINTAINING THE EXISTING PROPERTY TAX RATE AT 0.44 0226 PER $100 EVALUATION.
[00:20:05]
THIS PROPOSED RATE IS THE SAME RATE THAT HAS BEEN EFFECT FOR THIS CURRENT FISCAL YEAR.THE RECOMMENDATION FROM STAFF IS TO PROPOSE THIS RATE AND TO SET A PUBLIC HEARING TO DISCUSS THIS RATE.
JUST AS A NOTE, IN TERMS OF ADDITIONAL STEPS THAT THE GENERAL PUBLIC HAS IN TERMS OF THIS PROCESS, THERE IS A BUDGET WORKSHOP THAT COUNCIL SCHEDULED FOR SEPTEMBER THE 12TH AT 6:00 P.M.
IN COUNCIL CHAMBERS, WHICH IS OPEN TO THE GENERAL PUBLIC.
ONE THING I DO WANT TO NOTE IS THAT THE PROPOSED PROPERTY TAX RATE WAS PREDICATED UPON ABSORBING THE UPCOMING CERTIFICATES OBLIGATION AND THE PARTIAL BOND ISSUE FOR THE PARK BONDS IN THIS COMING YEAR.
I KNOW THAT'S SOMETHING THAT HAS BEEN COMMUNICATED TO THE RESIDENTS THAT THERE WOULD NOT BE A TAX RATE ASSOCIATED WITH EITHER THOSE TWO DEBT ISSUANCES AND THAT THIS RATE IN THIS PROPOSAL IS PREDICATED ON THAT.
I'D BE HAPPY TO ANSWER ANY QUESTIONS YOU MIGHT HAVE.
ONE THING I MIGHT NOTE IS THAT OBVIOUSLY, TONIGHT, THERE'S NOT AN ADOPTION OF THE PROPERTY TAX RATE.
THIS IS JUST PROPOSING A TAX RATE, SETTING A CAP.
IT CANNOT BE THE ULTIMATE RATE THAT IS ADOPTED BY COUNSEL ON SEPTEMBER THE 16TH CANNOT BE ABOVE WHAT IS PROPOSED TONIGHT, BUT IT CAN BE LOWER.
>> I WOULD LIKE TO PROPOSE FOR COUNSEL JUST FOR US TO RECONSIDER OUR MEETING THAT WE HAVE ON SEPTEMBER 12.
THAT IS THE SAME NIGHT THAT TXDOT IS ALSO PRESENTING INFORMATION THAT I DO THINK THAT THE RESIDENTS DO NEED TO HEAR.
I DO THINK THAT THEY ALSO NEED TO BE A PART OF OUR BUDGET WORKS AS WELL.
MAYBE IF WE COULD POSSIBLY MOVE THAT MEETING TO THE START TIME OF SEVEN.
WE COULD START AT SEVEN FROM 6:30-7.
WOULD YOU GUYS BE AGREEABLE TO THAT? WELL, IF THERE'S NO FURTHER DISCUSSION, IF WE CAN GO AHEAD AND MAKE A MOTION FOR THAT, PLEASE.
>> I HAVE ONE QUESTION FOR YOU.
IS THIS WORK SESSION WE'RE GOING TO BE DOING ON AT 7:00 P.M ON THE 12TH? YOU'LL BE HERE TO BE ABLE TO FIELD ANY QUESTIONS THAT THE RESIDENTS MAY HAVE.
>> JUST WANT TO MAKE SURE RESIDENTS ARE AWARE THEY CAN COME AND ASK QUESTIONS AS THEY DESIRE.
I WILL MAKE A MOTION TO ITEM L 1202408 26R.
>> I'LL SECOND THAT YOUR HONOR.
>> WITH THAT WILL DO A ROLL CALL VOTE, MR. DEAV?
>> MOTION CARRIES 7 0 FOR THE APPROVAL OF AGENDA ITEM.
>> THEN I'LL TAKE US TO AGENDA ITEM L 22020 4177, PRESENTATION AND UPDATE ON CBD TRASH AND RECYCLING ROUTE CHANGES, ALONG WITH THE ASSOCIATED COMMUNICATION PLAN.
>> HANG ON JUST A SECOND. WE'RE GOING TO GET YOUR MIC ON.
>> THANK YOU AGAIN. MY NAME IS ROBERT MEDOVIC, WITH COMMUNITY WAYTE DISPOSAL, 2010 CALIFORNIA CROSSING, DALLAS, TEXAS.
I'M HERE TALKING ABOUT THE RESIDENTIAL RAP REAL QUICKLY.
AS YOU REALIZE, CWD HAS BEEN SERVICING THE COMMUNITY OF PRINCETON SINCE 2019.
IN THAT TIME, YOU GUYS HAVE HE ONLY A LITTLE BIT OF GROWTH FROM 4,900 HOMES TO OVER 11,000 HOMES.
SORRY ABOUT THIS. THANK YOU, AMBER.
BECAUSE OF ALL THIS TREMENDOUS GROWTH, YOU GUYS RECENTLY HAVE BEEN I HEARD THE MAYOR SPEAK LAST WEEK AND THE THIRD FASTEST CITY PER CAPITA IN THE UNITED STATES.
WELL, THERE'S A LOT OF CHALLENGES FOR THAT, AND ONE OF THEM IS YOUR DAILY TRASH COLLECTION.
TO MAKE THINGS EVENLY ROUTED, WE NEED TO DO SOME MORE RE-ROUTES, BECAUSE WHEN WE STARTED IN JUNE 2019, WE HAD EIGHT TROUTS PER WEEK.
NOW WE'VE HAD 16, AND WE WANT TO MAKE THE ROUTES EVEN.
BECAUSE IF WE DON'T HAVE THE ROUTES EVEN, THAT MEANS WE'RE GOING TO BE IN THE COMMUNITY ON TUESDAY, FOR EXAMPLE, TO BE DONE AT 4:00, AND THEN ANOTHER DAY LIKE 6:00.
[00:25:02]
WE WANT TO EVERY DAY, TRY TO BE OUT BY 5:00.BY WHAT WE'RE GOING TO BE DOING IS YOU SEEING THE CHANGES.
WE'RE GOING TO BE MOVING CURRENTLY SOME OF THE HOMES ON B.
307 IS MOVING FROM A WEEK TO B WEEK AND THE TRASH HOUSE ARE HAPPENING TOO.
BASICALLY, WE'RE MOVING A LOT OF THE RECYCLING HOMES, AND 561 HOMES ARE HAVING TRASH AND RECYCLING BEING DONE BOTH.
WE'VE ALREADY MET WITH STAFF, AND WHEN I GET DONE SPEAKING, AON'S GOING TO ALSO TALK YOU ABOUT HOW WE'RE GOING TO BE COMMUNICATING THIS TO THE RESIDENTS.
IS IT USER ERROR ON ME? PARDON ME. TRY AGAIN.
SORRY ABOUT THAT. THESE ARE SOME OF THE HOMES THAT WILL BE CHANGING.
WE'RE ALSO GOING TO BE DOING WE'RE GOING TO BE CHANGING THIS THE FIRST WEEK IN OCTOBER.
WE'RE GOING TO BE DOING THE TRASH AND ROUTE CHANGES.
IS GOING TO BE IT'S GOING TO BE IN THE PRINCETON NEWSPAPER.
THERE'S GOING TO BE A BARCODE THAT RESIDENTS CAN SCAN AND EXACTLY TELL THEM WHAT THE CHANGES ARE GOING TO BE.
ALSO ON EVERYBODY'S HOMES, IT'S GOING TO BE CHANGED.
THERE'S GOING TO BE A CAR ON YOUR RECYCLING.
THERE'S GOING TO BE A TAG THERE.
IT'S GOING TO BE DUAL-SIDED, AND IT'S GOING TO TALK ABOUT THE RECYCLING CHANGES IN THE BARCODE, IT TELLS YOU EXACTLY WHAT TO DO.
THE STARTING STARTING IN SEPTEMBER 30, WE'RE GOING TO PUT HO.
WE'RE GOING TO PUT SIGNS OUT IN THE RESIDENTIAL AREAS.
SO THERE'S GOING TO BE DOUBLE-SIDED SIGNS SAYING STARTING STARTING THE LAST WEEK IN SEPTEMBER, RECYCLING WILL BE THE WEEK OF A AND THERE'LL BE A BARCODE THERE.
ERIN WILL TELL YOU ABOUT WHAT YOU'RE DOING.
HOPEFULLY, HER CLICKER WILL BE BETTER THAN MINE.
>> GOOD EVENING, COUNSEL. MY NAME IS ERIN MOODY.
I'M THE DIRECTOR OF MARKETING AND COMMUNICATIONS FOR THE CITY.
WORKING WITH CWD TO ENSURE THAT OUR COMMUNICATION IS CLEAR FOR RESIDENTS IS VERY IMPORTANT TO US.
PEOPLE ARE VERY PASSIONATE ABOUT THEIR TRASH DAY, AND OBVIOUSLY, TRASH AND RECYCLING IS A BIG THING FOR, YOU KNOW, HOUSEHOLDS, ESPECIALLY AS FAST AS WE'RE GROWING.
WE WANT TO MAKE SURE THAT WHAT WE PUT OUT IS ON THE SAME PAGE AS CWD AND RESIDENTS CAN EASILY UNDERSTAND IT.
I WON'T GO BACK OVER THE CHANGES THAT ROBERT HAD MENTIONED, BUT WE'VE TAKEN THE MAP AND LISTED THEM OUT HERE FOR YOU.
THERE'S THE MAP IN COLOR FOR YOU.
WE'LL HAVE THIS FROM CWD ON OUR WEBSITE ALONG WITH A COUPLE OF THINGS I'LL TELL YOU ABOUT.
AGAIN, WE WANT TO BE CLEAR AND CONSISTENT.
WE'RE GOING TO HAVE SOME VIDEO AS WELL FOR THE PUBLIC THAT EXPLAINS THE CHANGES.
WE'RE GOING TO SHARE OUR MESSAGING ON SOCIAL MEDIA PLATFORMS, OUR CITY PAGE, OUR PUBLIC WORKS PAGE, INSTAGRAM NEXT DOOR, AND X.
WE'RE ALSO GOING TO SHARE IN OUR LOCAL FACEBOOK GROUPS AND WORK WITH HOAS AND THE PROPERTY MANAGEMENT COMPANIES OF THE AFFECTED NEIGHBORHOODS TO COMMUNICATE THE MESSAGE.
IT'LL BE IN OUR NEWSLETTER AND ON OUR WEBSITE.
WE'RE ALSO GOING TO SHARE INFORMATION AT OUR UTILITY BILLING COUNTER.
SO WHENEVER PEOPLE COME UP, THEY CAN SAY, HEY, MY TRASH DAY IS ON TUESDAY.
NOW I SEE IT'S MOVING TO WHATEVER DAY.
AND THEN WE'LL WORK WITH THE PRINCETON HERALD, HOPEFULLY, TO PUBLISH ROUTE CHANGES.
THIS IS ALSO A GOOD TIME FOR REMINDERS.
AS WE TOUCH OUR RESIDENTS, THE COMMUNICATIONS DEPARTMENT IS A BIG FAN OF ADDING VALUE.
HEY, WE'RE GOING TO TALK ABOUT YOUR ROUTE CHANGING, BUT ALSO WE'RE GOING TO REMIND YOU WAYS TO FIND YOUR PICKUP SCHEDULES, WHAT IS ACCEPTABLE FOR BULK TRASH, WHAT CAN AND CANNOT BE RECYCLED, HOW TO STORE YOUR CARDS, HOW TO PLACE YOUR CARDS.
THEN WE'LL PROVIDE THE CONTACT INFORMATION FOR CWD FOR ANY MISSED PICKUP IN COMMUNICATION.
CWD IS GOING TO CREATE A LANDING PAGE ON THEIR WEBSITE THAT WILL BE LINKED ON OUR SITE PROMINENTLY SEVERAL PAGES.
SO IT'S GOING TO GO RIGHT TO THEIR STUFF.
WE'RE NOT REINVENTING THE WHEEL, AND THE MESSAGE IS CONSISTENT FOR OUR END USERS.
I LOVE THE PRETTY EXCESSIVE MARKETING ON THIS.
WE NEED THAT, SO I APPRECIATE YOU DOING IT JUST MAKING FOR SURE RESIDENTS STAY INFORMED. IT'S IMPORTANT.
>> ANYTHING FROM ANYBODY ELSE?
>> I WOULD JUST LIKE TO SAY THAT THE LAST TIME CWD WAS HERE.
[00:30:01]
THEY MADE QUITE A NUMBER OF PROMISES, AND IT'S GOOD TO SIT HERE TODAY AND HEAR THAT THEY'RE DELIVERING ON THOSE PROMISES.>> SO I JUST WANT TO COMMEND THEM ON DOING THAT.
>> I WILL ALSO SAY THAT CWD AND THE MARKETING DEPARTMENT HAVE WORKED TOGETHER FOR TRASH TALK TUESDAYS.
SO AT LEAST ONCE A MONTH, SOMETIMES TWICE A MONTH, WE HAVE A TRASH TALK SESSION, AND WE TALK ABOUT THINGS THAT MAYBE PEOPLE DIDN'T KNOW THAT YOU CAN RECYCLE PIZZA BOXES, OR, HEY, YOU DON'T NEED TO BAG YOUR RECYCLABLES, OR WHAT IS ACTUALLY TRASH? LAST WEEK, WE DID 10 ITEMS TO TRASH, AND IT WAS A FUN LITTLE GRAPHIC, BUT THERE'S MORE VIDEO AND MORE FUN STAFF COMING, SO STAY TUNED TO TRASH TALK ON TUESDAYS.
AND YOUR PIZZA BOX 1 ACTUALLY WENT OVER REALLY WELL.
I SAW A LOT OF DIALOGUE BACK AND FORTH ON THAT.
THAT'S GOOD. WE APPRECIATE YOU.
>> ALL RIGHT. THAT IS GOING TO TAKE US TO L.2024-178, DISCUSSION, AND UPDATE TO PROVIDE THE COUNCIL WITH THE LATEST INFORMATION ON THE PRINCETON TOWN CENTER PROJECT.
>> GOOD EVENING, MADAM MAYOR, COUNSEL.
I'M THE DIRECTOR OF DEVELOPMENT SERVICES.
I HAVE A BRIEF UPDATE FOR YOU TODAY FOR THE PRINCETON TOWN CENTER PROJECT.
THIS IS A SHOPPING CENTER TO BE LOCATED AT THE NORTHWEST CORNER OF NORTH BEACHAM BOULEVARD IN US 380.
THIS IS A 90-PLUS ACRE SHOPPING CENTER, BE ANCHORED BY A MARKET STREET IN THE LOWES HOME IMPROVEMENT CENTER.
THE PRELIMINARY PLAT WAS ON YOUR AGENDA THIS EVENING, PART OF THE CONSENT AGENDA, AND THAT WAS APPROVED.
THE PRELIMINARY PLAT INCLUDES PRELIMINARY ENGINEERING PLANS THAT HAVE BEEN REVIEWED BY STAFF.
SO WE'LL NOW CONDUCT A DETAILED REVIEW OF THEIR CONSTRUCTION PLANS.
AND PER THE DEVELOPER, THEY INTEND TO INITIATE CONSTRUCTION OF PHASE 1 OF THE PROJECT STARTING IN MID-JANUARY 2025, AND PHASE 2 STARTING IN MID-MAY.
HERE'S A LOOK AT A CONCEPT PLAN.
I HAVE AN UPDATED PLAN THAT I JUST RECEIVED THIS EVENING THAT I'LL HAND OUT TO YOU.
AND THEN I'D LIKE TO INTRODUCE MR. ERIC SITES, THE DEVELOPER WHO WILL BE AVAILABLE TO ANSWER ANY QUESTIONS THAT YOU ALL MAY HAVE.
>> THANK YOU FOR BRINGING THIS.
>> WELL, IT'S BEEN A WHILE SINCE WE TALKED LAST.
AND SOME PEOPLE ARE SAYING IT'S GOING TOO SLOW, AND MAYBE THEY'RE RIGHT, BUT IT'S A MASSIVE UNDERTAKING, 90 ACRES, 550,000 SQUARE FEET.
IT'S AN ENGINEERING MARVEL TRYING TO GET IT ALL LINED UP, AND WE'RE DOING IT IN THE HARDEST REAL ESTATE MARKET THAT I'VE BEEN IN IN 35 YEARS.
RATES ARE 9%. BANKS AROUND HERE DON'T HAVE A LOT OF MONEY TO LOAN BECAUSE NOBODY'S PAYING OFF THEIR MULTIFAMILY LOANS.
>> WE DON'T ANYTHING ABOUT THAT.
>> YEAH, I KNOW. EVERYTHING'S TOUGH.
SO PART OF JUST SO YOU KNOW WHY WE'RE DELAYED A LITTLE BIT, WE'RE GOING TO CLOSE IN OCTOBER, BUT WE WENT TO OUR BANK, AND AFTER THE GUY PASSED OUT AND WE REVIVED HIM ABOUT A $70 MILLION CONSTRUCTION LOAN, HE SAID, WELL, DO YOU THINK YOU COULD MAYBE CUT IT IN HALF AND DO IT IN TWO PHASES.
I SAID, SURE, AND WE WENT BACK.
AND SO WE ARE CLOSING IN DECEMBER ON THE LOWES AND THE ALDI.
IF YOU LOOK AT THE SITE PLAN ON THE FAR END, THERE'S A BOX WITH PARKING IN FRONT OF IT. THAT'S ALDI.
AND THEN WE'RE GOING ACROSS THE FRONT WITH ALL THE OUT PARCELS AND SHOPS.
I GAVE YOU A HANDOUT THAT SHOWS WHO WE'VE LEASED TO.
IT'S A GREAT LINEUP OF SMALL SHOPS TENANTS AND RESTAURANTS, CHILIES, TEXAS ROADHOUSE.
BO JANGLES, FIRST WATCH. YOU SEE IT THERE.
WE'LL SOON HAVE A PRESS RELEASE, BUT WE WANT TO WORK WITH YOU ON THAT, LIKE WE'VE SAID FROM THE BEGINNING.
SHE'S BEEN AMAZING AND GETTING THIS ALL GOING AND JOHN.
AND EVERYBODY ELSE, I FORGET THE YOUNG HANDSOME GUY'S NAME OVER THERE, THE GOOD HAIR SO ANYWAY.
[LAUGHTER] WE ARE DOING IN TWO PHASES BECAUSE WE'RE TRYING TO SNAG ONE MORE GREAT BIG BOX.
AND I THINK IT'S WORTH THE EFFORT.
WE HAVE 10 JUNIOR ANCHOR BOXES, HOBBY LOBBY, TJ, HOMEGOODS, ROSS, AND WE ALL LOVE THEM.
BUT IF WE COULD SNAG ANOTHER BIG BOX IN THERE, I THINK IT'S EVEN MORE SALES TAX.
IT'S A LITTLE BIT MORE IN THE WAY OF EMPLOYEES AND WAITING.
[00:35:05]
SO WE'RE BEING PATIENT, WE'RE LETTING IT COME TO US. IT'S A GREAT SITE.THE NUMBERS ARE WORKED OUT FINE.
THE MARKET STREETS GOING TO GET STARTED AT THE SAME TIME WE DO HOURS.
WE'RE GOING TO BE THE DEVELOPERS FOR THE OWNERS OF THAT SITE, SO WE CAN HAVE ALL OF THE SITE WORK, ALL OF THE OFFSITE SIGNAL.
ALL OF THAT CAN BE DONE AT THE SAME TIME.
SO IF YOU HAVE ANY QUESTIONS, I'M HAPPY TO.
>> I DO HAVE ONE QUESTION OR COMMENT.
SOME FLOWER SEEDS WERE ALWAYS THE FAVORITE PLACE.
IF HE'D BE TAKEN CARE OF, AS FAR AS THE STATICS OF IT, EVEN RIGHT NOW.
>> I DON'T OWN IT. THE LAND THE OWNER IS SUPPOSED TO DO IT, BUT I'LL TELL YOU WHAT? I'LL GET MY GUY WHO MOWS MY FARM, I'LL GET HIM OUT HERE, WE'LL MOW IT. HOW'S THAT?
>> IF IT WAS OUT AND UNINCORPORATED HERE, IT'D BE A GREAT PLACE.
I'D WANT TO TALK TO YOU ABOUT BEING OUT THERE SUNDAY MORNING.
>> I'LL HAVE MY GUY COME OUT AND MOW IT. ALL RIGHT.
>> I JUST WANT TO THANK YOU. YOU'VE BEEN AMAZING TO WORK WITH.
AND AS YOU STATED, THIS IS THE HARDEST REAL ESTATE MARKET IN OVER 30 YEARS, AND YOU HAVEN'T GIVEN UP ON US, AND YOU'VE MADE AN INVESTMENT INTO OUR CITY.
I DON'T THINK PEOPLE UNDERSTAND THE MAGNITUDE OF WHAT YOU'RE TAKING ON.
THE FINANCING PORTION OF THIS, THERE'S THE NEW MAP RIGHT THERE.
SO THE INTEREST RATES, THE MARKET, THE ELECTION.
ALL OF THIS SEEMS STACKED AGAINST YOU, AND YOU'RE STILL PUSHING AHEAD.
SO I WANT TO THANK YOU FOR NOT GIVING UP.
THANK YOU FOR BELIEVING IN PRINCETON AND COMING IN AND PUTTING THIS HERE.
THANK YOU FOR WORKING WITH US.
THANK YOU FOR THE LAST MINUTE.
HEY, DO YOU THINK YOU COULD DO THIS AND INCORPORATE MORE TRAILS? AND THANK YOU.
> >ALL OF THAT WITH A TON OF FACEBOOK CHATTER TO GO WITH IT.
>> WE'RE EXCITED TO CONTINUE TO WORK WITH YOU.
>> YES. I HAVE A COUPLE OF QUESTIONS ON MARKET STREET.
I MISSED IT. WHAT DOES THAT MEAN?
>> THIS IS OUR SITE PLAN, AND I WILL BE THE OWNER AND DEVELOPER BOTH OF THE BIGGER PIECE.
I'M DEVELOPING FOR THE OWNERSHIP THAT OWNS THAT.
BUT WE ON OUR SITE PLANS PUT NAP, WHICH IS NOT A PART.
WE ARE GOING TO BE THE DEVELOPER, BUT I'M NOT PART OF THE OWNERSHIP STACK AT THIS POINT.
THEY'VE ALREADY OWNED IT FOR A WHILE.
AND WE STEPPED IN TO HELP MAKE IT GO A LITTLE FASTER.
SO BUT EVERYTHING'S ON TARGET FOR MARKET STREET.
WE REWORK THEIR LEASE WITH MARKET STREET.
EVERYBODY SEEMS TO BE ALL ON THE SAME PAGE NOW.
>> AS YOU CAN UNDERSTAND, WE'RE ALL EXCITED UP HERE.
BUT NOW, AND SHE WAS TALKING TO ME.
SHE WAS BOTHERING ME WHILE YOU WERE TALKING. I'M SORRY.
NOW, MARKET STREET, DO YOU HAVE A DATE ON THE DIRT BEING MOVED?
>> YEAH. WE PLAN TO MOVE DIRT ON OUR PHASE 1 PLUS MARKET STREET IN JANUARY.
SO CRAIG CAN SHOW YOU THAT WE'VE SUBMITTED OUR CIVILS.
WE HAVE A WAYS TO GO WITH THEM, BUT PRELIMINARILY, WE SHOULD BE ABLE TO GET A GRADING PERMIT TOWARDS THE END OF THE YEAR, START MOVING DIRT IN JANUARY.
>> OKAY. GREAT NEWS. THANK YOU VERY MUCH.
>> YOU DON'T HAVE A QUESTION? OKAY.
>> I GOT A QUICK QUESTION FOR YOU.
PHASE 3 AND PHASE 4, YOU TALKED ABOUT TRYING TO LAND ONE MORE BIG BOX.
I THINK IT WOULD JUST BEHOOVE THE RESIDENTS IF DO YOU HAVE ANY IDEA OF WHO YOU'RE LOOKING AT TRYING TO PULL IN.
>> I DO. AND THERE ARE TWO GROCERY STORES AND ONE DISCOUNTER, BUT I CAN'T TELL YOU THEIR NAME.
>> GOT IT. OKAY. AND THEN PHASE 4, WHAT WOULD BE IN PHASE 4?
>> PHASE 4 IS BASICALLY AN AREA THAT IS FLOOD FOR A BIG PART OF IT. CAN'T TOUCH IT.
THERE'S MAYBE A FOUR-ACRE PIECE IN THE BACK THAT WE COULD DO A PARK, AND WE'VE BEEN WORKING WITH STAFF ON PUTTING THAT INTO OUR INCENTIVES PACKAGE WHERE THE CITY COULD END UP OWNING THAT.
WE COULD MAYBE BUILD A PARK, MAYBE A POND WITH A TRAIL, AND GET REIMBURSED FOR THAT.
WE HAVE A INCENTIVES PACKAGE THAT WE'VE BEEN WORKING ON FOR QUITE A WHILE AND WE'RE GETTING READY TO SUBMIT IT.
AND WITH PHASE 4 AND PHASE 1 ACTUALLY CLOSE AT THE SAME TIME.
TWO CLOSES IN MARCH AND THREE CLOSES IN JUNE.
AND THE REASON FOR THAT IS IT JUST TAKES FOREVER TO GET THE BIGGEST BOXES PUSHED THROUGH THEIR PROCESS.
[00:40:04]
>> THANK YOU. AND YOU GUYS HAVE A WONDERFUL MAYOR.
I WORK IN A LOT OF TOWNS, AND SHE REALLY KICKS IT. SHE'S GREAT.
>> I APPRECIATE YOU. THANK YOU.
ALL RIGHT. THAT IS EXCITING. YOU-ALL EXCITED? [BACKGROUND] I'M EXCITED. ARE YOU-ALL EXCITED? WE HAVE SOME THINGS COMING.
THAT IS GOING TO TAKE US TO L4, 2024-08-26-R05.
CONSIDER APPROVING RESOLUTION NUMBER 202-408-2605, PROPOSING AMENDMENTS TO THE PROJECT PLAN AND FINANCING PLAN FOR REINVESTMENT ZONE NUMBER 3, CITY OF PRINCETON, TEXAS, CALLING A PUBLIC HEARING, PROVIDING AN EFFECTIVE DATE, AND RESOLVING OTHER MATTERS RELATED THERE TOO, AND TAKING APPROPRIATE ACTION.
>> GOOD EVENING, MAYOR AND COUNSEL.
JEFF GULBAS WITH MCCALL PARKERS FOR THE CITY'S BOND COUNCIL.
WE TABLED THIS ITEM TWO WEEKS AGO DUE TO A SUBSTITUTION OF A DOCUMENT.
SO THAT DOCUMENT HAS BEEN INCLUDED IN COUNSEL PACKETS AND ON THE WEBSITE.
THE RESOLUTION BEFORE YOU ALL CONTAINS THE PRELIMINARY AMENDMENTS TO THE TAX INCREMENT ZONE FINANCE AND PROJECT PLANS AS IT RELATES TO THE EASTRIDGE PUBLIC IMPROVEMENT DISTRICT.
WE WILL HAVE ITEMS FOLLOWING THIS ITEM DEALING DIRECTLY WITH SALE OF BONDS FOR EASTRIDGE, BUT WHAT THIS ITEM DOES IS CALL A PUBLIC HEARING.
NOW, I BELIEVE THAT WAS ORIGINALLY SCHEDULED FOR SEPTEMBER THE 9TH, BUT AS I LEARNED TONIGHT, WE MIGHT BE MOVING THAT MEETING.
>> TO THE 16TH. THANK YOU, MAYOR.
SO I WILL MAKE SURE THAT THE DOCUMENTS THAT GET PUBLISHED WITH MS. ANDERSON REFLECT THAT IT WILL BE THE 16TH.
SO THE PRELIMINARY PLAN SPECIFIED, WE ACTUALLY DID SELL THE EASTRIDGE IMPROVEMENT AREA NUMBER 3 BONDS TONIGHT, BUT THIS TUR'S PLAN DOVETAILS WITH THAT.
HOPEFULLY, WE'LL BRING THIS BACK TO COUNCIL ON THE 16TH WITH THE GOAL OF HAVING THOSE TURS PLANS FINALLY AMENDED BEFORE WE CLOSE ON THESE EASTRIDGE BONDS.
BUT AS WE'VE DISCUSSED, WHAT THE TURS DOES IS USE THE INCREMENTAL VALUE THAT'S GENERATED FROM AS THAT DEVELOPMENT OCCURS WITHIN EASTRIDGE IMPROVEMENT AREA NUMBER 3, THAT THE INCREASED VALUE ON THAT PROPERTY GENERATES A TURS INCREMENT, WHICH IS USED TO BUY DOWN THE ASSESSMENTS.
WITH THE GOAL BEING THAT WE TRY TO KEEP THE ASSESSMENTS WITHIN THE CITY ON LIKE DEVELOPMENTS AS UNIFORM AS POSSIBLE.
SO, AS YOU'LL HEAR ON THE NEXT ITEMS, THOSE AVERAGE ASSESSMENTS ON PRELIMINARY 3 AND EASTRIDGE ARE 31003/4 50-FOOT LOTS AND 2,770 ON 40-FOOT LOTS.
BUT WHAT THIS TURS INCREMENT WILL DO IS APPLY A CREDIT OF $696 FOR THE 40-FOOT LOTS AND $779 FOR THE 50-FOOT LOTS.
SO AGAIN, IS THAT VALUE IS THAT PROPERTY IMPROVES IN VALUE, IT BRINGS THOSE ASSESSMENTS THAT THE PROPERTY OWNERS ARE RESPONSIBLE DOWN TO ROUGHLY $0.54 TAX RATE EQUIVALENT, WHICH WAS THE GOAL AND CONTAINED IN THE DEVELOPMENT AGREEMENTS.
SO OVERALL, SPEAKING ONLY ON THIS IMPROVEMENT AREA AND ONLY ON EASTRIDGE, THE BASE TAXABLE APPRAISED VALUE FOR THAT PROPERTY WAS JUST UNDER 4 MILLION AT 376 MILLION.
ESTIMATED COMPLETION IS GOING TO BE OVER APPROXIMATELY 172 MILLION.
SO THAT'S A HUGE INCREASE, WHICH IS GOING TO BE AN INCREASED ESTIMATE BASED ON CURRENT TAX RATES, $743,000 TO THE CITY.
NOW, AS I SAID, WE'RE BUYING DOWN THOSE ASSESSMENTS AT 45% OF THAT INCREMENT, WHICH IS IN THE DEVELOPMENT AGREEMENT.
SO NET TO THE CITY'S GENERAL FUND WILL BE ROUGHLY JUST OVER 400,000 ON AN ANNUAL BASIS.
AGAIN, THESE ARE PRELIMINARY PLANS, BUT THEY'RE PRETTY IN VERY GOOD SHAPE, CONSIDERING WE SOLD BONDS.
SO IF YOU HAVE ANY QUESTIONS ON THIS, I'M HAPPY TO ANSWER THEM.
OTHERWISE, WE'LL BE BACK BEFORE YOU ALL ON SEPTEMBER THE 16TH TO CONDUCT A PUBLIC HEARING AND APPROVE A FINAL PLANS.
>> ALL RIGHT. THANK YOU VERY MUCH.
COUNSEL, IF YOU HAVE ANY QUESTIONS, PLEASE GO AHEAD AND GO FORWARD WITH THAT NOW.
OTHERWISE, IF YOU ARE READY TO MAKE A MOTION, PLEASE MAKE FOR SURE YOU UPDATE THAT MOTION TO INCLUDE THE DATE CHANGE TO SEPTEMBER 16TH, PLEASE.
>> I DON'T KNOW EXACTLY HOW TO WORK, YOUR HONOR, BUT I MAKE A MOTION TO APPROVE ITEM 2024-08-26-R05, APPROVED RESOLUTION, AND PROPOSED AMENDMENTS TO THE PROJECT PLAN AND FINANCE PLAN FOR REINVESTMENT ZONE NUMBER 3.
AND TO HAVE THAT IS A PUBLIC HEARING ON 16 SEPTEMBER?
[00:45:01]
>> ALL RIGHT. WITH THAT, WE'LL DO A ROLL CALL VOTE. MR. DEFFIBAUGH?
>> MOTION CARRIES 70 FOR THE APPROVAL OF L 42024 086R05. THANK YOU VERY MUCH.
THAT I'LL TAKE US TO L5, ORDINANCE 202-04-0826, CONSIDER APPROVING ORDINANCE NUMBER 202-04-0826, LEVYING ASSESSMENTS FOR THE COST OF CERTAIN IMPROVEMENTS TO BE PROVIDED IN THE EAST RICH PUBLIC IMPROVEMENT DISTRICT, IMPROVEMENT AREA NUMBER 3 PROJECT, FIXING A CHARGE AND LIEN AGAINST ALL PROPERTIES WITHIN IMPROVEMENT AREA NUMBER 3 OF THE DISTRICT, AND THE OWNERS THEREOF PROVIDING FOR THE MANNER AND METHOD OF COLLECTION OF SUCH ASSESSMENTS, MAKING A FINDING OF SPECIAL BENEFIT TO PROPERTY AND IMPROVEMENT AREAS NUMBER 3 OF THE DISTRICT, APPROVING A SERVICE AND ASSESSMENT PLAN, PROVIDING A SEVERABILITY CLAUSE, AND PROVIDING AN EFFECTIVE DATE AND TAKE APPROPRIATE ACTION.
ANY QUESTIONS ON THIS ONE, THIS ONE PIGGYBACKS OFF THE ONE WE JUST DID?
>> IN THE MIC. YOUR HONOR, IF THERE'S NO QUESTIONS ON THAT, I GUESS GO AHEAD AND MAKE A MOTION TO APPROVE L5 ORDINANCE 202-04-0826 PROVE ORDINANCE THAT SAY MORT 202-40-8206 LIVING ASSESSMENTS FOR THE COST OF CERTAIN IMPROVEMENTS TO BE PROVIDED IN THE EASTRIDGE PUBLIC IMPROVEMENT DISTRICT AREA.
>> OKAY. DO YOU HAVE A SECOND?
>> OKAY. WE'LL DO A ROLL CALL VOTE, MR. RUFFEL?
>> MOTION CARRY 70 FOR L5, ORDINANCE 202-04-0826.
THAT'LL TAKE US TO L6, ORDINANCE 202-408-2601, CONSIDERING APPROVING ORDINANCE NUMBER 202-408-2601, AUTHORIZING ISSUANCE BOND SERIES 2024 EASTTCH, PUBLIC IMPROVEMENT DISTRICT, IMPROVEMENT AREA NUMBER 3 PROJECT, APPROVING AND AUTHORIZING AN INDEXER OF TRUST, A BOND PURCHASE AGREEMENT, A CONTINUING DISCLOSURE AGREEMENT, AND OTHER AGREEMENTS AND DOCUMENTS IN CONNECTION THEREWITH, MAKING FINDINGS WITH RESPECT TO THE ISSUANCE OF SUCH BONDS AND PROVIDING AN EFFECTIVE DATE AND APPROPRIATE ACTION.
AGAIN, THIS PERTAINS TO THE OTHER ITEMS THAT WE'VE JUST DISCUSSED.
>> GOOD EVENING, MAYOR, COUNCIL MEMBERS, JIM SAVANAS WITH HILLTOP SECURITIES, CITY'S FINANCIAL ADVISOR.
ON BEHALF OF THE CITY TODAY, WE MONITOR THE PRICING OF THE EASTWOOD PUBLIC IMPROVEMENT DISTRICT NUMBER 3 BOND ISSUE.
ACTUALLY, THIS IS SOMETHING I'D LIKE TO SPEND A LITTLE TIME BECAUSE THIS REALLY REFLECTS WELL ON THE COMMUNITY OF PRINCETON.
TO START WITH, THIS IS A LONG TERM PROCESS.
THE DEVELOPMENT AGREEMENT WAS ACTUALLY SIGNED AND EXECUTED AND APPROVED BY THE COUNCIL ON DECEMBER 7TH, 2020.
THE DISTRICT WAS FORMED ON JUNE 21ST, 2021.
A FIRST SERIES OF BONDS WERE ISSUED IN THE FIRST PHASE OF THE PROJECT HAS BEEN DEVELOPED.
SECOND SERIES OF BONDS HAVE BEEN ISSUED.
THE SECOND SERIES OF BONDS HAVE BEEN DEVELOPED AND THE DEVELOPER GREENBOOK IS MOVING FORWARD WITH PHASE 3.
A HUNDRED ACRES INVOLVES PHASE 3 AND 4 OF THE PROJECT, 439 HOMES.
IT WILL ACTUALLY BENEFIT THE CITY BY PROVIDING ABOUT 175 MILLION OF TAXABLE ASSESSED VALUE.
ABOUT 770,000 ADVARM TAXES ON ANNUAL BASIS.
AT THE CLOSE OF THE BOND ISSUE, THEY'VE COMMITTED IN THE DEVELOPMENT AGREEMENT TO PAY $1,800 PER SINGLE FAMILY RESIDENCE, $792,000 WILL BE A PI FEE DEPOSIT INTO THE CITY'S COFFERS.
THIS PROJECT WAS PRICED THIS MORNING, 17,342,000 OF BONDS AT AVERAGE COUPON RATE OF 5.5%, TOTAL PRINCIPAL INTEREST OF $34,366,000.
IF YOU APPROVE THIS ORDINANCE SITE, IT WILL BE PRESENTED TO THE ATTORNEY GENERAL OF TEXAS FOR REVIEW AND APPROVAL, WE PROPOSED CLOSING ON SEPTEMBER 24TH, '24, BUT THE REAL STORY IS THE PRICING OF BONDS.
I'VE BEEN INVOLVED IN HUNDREDS OF PID ASSESSMENT BONDS IN TEXAS, AND I CONFIRMED WITH THE UNDERWRITER THAT THIS IS THE MOST EFFICIENT NEW MONEY BOND ISSUE SOLD.
THE WAY WE PRICED THESE BONDS IS THERE'S INDEX CALLED MMD, AND THEY GO BY MATURITY FROM 130 YEARS, AND WE LOOK AT THE MMD AAA INDEX, WHICH WE CONSIDER THE RISKLESS INDEX AND SAY, HOW DO THESE BONDS PRICE AGAINST THIS? THIS BOND PRICED ON THE 30 YEAR MMD,
[00:50:03]
173 BASIS POINTS ABOVE THAT, 173 BASIS POINTS IS THE MOST EFFICIENT PRICING.WE LOOKED AT PRICINGS THAT WERE DONE RECENTLY IN TEXAS.
TO GIVE YOU A FEEL, THESE PRICINGS ARE SOME OF THE COMMUNITIES THAT ARE REALLY HIGHLY VALUED; ROY CITY, SALINA SLIDO, CYLE.
THEIR AVERAGE PRICING WAS 196, A RANGE BETWEEN 188 AND 201.
IN THE RECENT TIME, THIS IS THE MOST EFFICIENT PRICING HAD BEEN DONE.
MORE IMPORTANTLY, WE LOOKED AT HOW THE BONDS WERE SOLD.
TO GIVE YOU A FEEL, NINE INVESTMENT FUNDS PUT ORDERS IN GOLDMAN, FRANKLIN, BLACK ROCK, NAVIN, PIMCO, VANGUARD, TO PRICE, FIRST TRUST, FIRST EAGLE INVESTMENT TRUST, SEVEN FUNDS, AND ALL MY BOND DEALS, I'VE NEVER SEEN SO MANY FUNDS ACTUALLY ASK FOR THE BONDS.
BECAUSE OF THAT THERE ARE 45 MILLION OF ORDERS FOR THE $17 MILLION OF BONDS, THREE TIMES OVER SUBSCRIBED.
THE UNDERWRITER DURING THE DAY WAS ABLE TO REPRICE THE BONDS AND MAINTAIN HIS ORDERS.
I TALKED TO HIM WHY WE PRICE THESE SO WELL? HE SAID, "IT'S BECAUSE WE'RE IN A GOOD OVERALL TEXAS ECONOMY, INTEREST RATES ARE POSITIVE." "BUT IT REALLY COMES DOWN TO WHY DO WE BEAT THE OTHER TEXAS TRANSACTIONS? BECAUSE ALL THESE OTHER CITIES ARE PLACES THAT PEOPLE WILL BE HAPPY TO LIVE IN THEIR QUALITY CITIES.
HE SAID, "COMES DOWN TO THIS CITY." RECENTLY WE WERE UPGRADED TO AAA+.
OVER THE LAST FOUR YEARS, WE'VE DECREASED OUR ADVOM TAXES SIGNIFICANTLY.
THEY INDICATED THAT THEY ACTUALLY HAD BROUGHT GOLDMAN SACHS, THE INVESTMENT FUND MANAGERS, NAVIN FUND MANAGERS HERE INTERRED THE CITY, VISITED ACTUALLY YOUR SITES, AND THEY'RE POSITIVE.
I CAN'T SAY EVERYTHING THAT HE TOLD ME AS CONFIDENTIAL, BUT THEY LIKE WHAT'S HAPPENING HERE.
THEY TALKED ABOUT THE QUALITY AND STABILITY OF THE ELECTED AND STAFF.
THEY BELIEVE THAT THE FUTURE IS EVEN BRIGHTER FOR IT.
AGAIN, SOME OF THE POINTS THEY MENTIONED WERE LOW TAX RATE, QUALITY OF LIFE, QUALITY SCHOOL DISTRICTS, THEY BELIEVE IT'S A PREFERRED PLACE TO BELIEVE.
WHEN YOU LOOK AT NORTH TEXAS, AND THIS IS SOMETHING I THINK YOU SHOULD BE PROUD OF, GREENBOOK IS A DEVELOPER.
THEY BUILT A QUALITY PROJECT. IT'S AN IMPORTANT THING.
IN FACT, YOU'LL SEE LATER I'LL BE TALKING ABOUT ANOTHER BOUNDARY PRICE.
THEY PRICED SLIGHTLY CHEAPER THAN THAT.
THERE'S SOME REASONS WHY, BUT GREENBOOK SHOULD BE COMMENDED BECAUSE THEY'RE YOUR PARTNERS PROJECT, BUT CLEARLY, THERE'S BEEN A LOT OF PUBLIC PRESS ON THE POSITIVE ON YOUR COMMUNITY.
YOU'RE GROWING QUICKLY. AS THE PEOPLE THAT WE'VE TALKED TO SAID, IT'S RARE THAT CITY GROWS AS QUICKLY AND IMPROVES AS QUICKLY AS YOU DID.
IS EVER BEEN A BETTER TIME TO LIVE HERE AND IT'S HARD TO FOLLOW THE EARLIER DEVELOPMENT AND PRESENTATION ABOUT THE WONDERFUL PROJECT THAT TAKE PLACE THAT'S WHY THESE BONDS IS.
AGAIN, I WANT TO BE CLEAR THAT TO ME, OUR GOAL IS TO HELP YOU SELL THE BONDS FROM A CREDIT QUALITY PERSPECTIVE, THAT THEY'RE APPROPRIATE AND TO MAKE IT EFFICIENT AS POSSIBLE.
YOUR PROJECT THAT YOU'RE IN A PARTNERSHIP WITH DEVELOPER IS SUFFICIENT FOR THE PEOPLE WHO LIVE THERE, BUT THIS PROJECT WAS PRICED THE MOST EFFICIENT PROCESS OF ANY PID BOND WE'VE BEEN INVOLVED IN.
AGAIN, MAIN REASON, WHEN YOU LOOK AT DIFFERENTIATE IS THE CITY OF PRINCETON AND YOU, COUNCIL, AND YOUR STAFF AND WHAT THEY DO.
WE AS YOUR FINANCIAL ADVISOR, RECOMMEND APPROVAL, EXCEEDS EVERY ASPECT WE HAVE.
THEN ALSO, I WILL TELL YOU THAT BECAUSE IT'S SO EFFICIENT, WE DIDN'T HAVE TO FULLY LEVY THE ASSESSMENT LEVEL THAT WOULD BE DONE.
IT'S INTERESTING BECAUSE THEY PUT THE TRS PLAN AND THEN THE ASSESSMENT PLAN AFTER IT.
REALLY, IT'S ALL BASED ON WHAT THE BOND NUMBERS COME IN AT, BUT THEY'RE MAXIMIZING THEIR REIMBURSABLE EXPENSES WITHOUT HAVING TO LEVY THE FULL AMOUNT OF ASSESSMENTS.
I'LL ACTUALLY COME IN ABOUT THREE OR $0.04 LESS THAN WHAT WAS IN THE DEVELOPMENT AGREEMENT.
WHOLEHEARTED WE SAY THIS IS EXCITING NEWS FOR EVERYONE ABOUT I WILL TELL YOU THAT THERE'S THE DEVELOPERS HERE AND DEVELOPERS COUNCIL.
OUR BIND COUNCIL HAS SPOKEN ALREADY, OUR PID AND TURN ADMINISTRATOR IS HERE, AND ALSO THE REPRESENTATIVE FROM THE UNDERWRITER FMS IS HERE.
IF YOU HAVE ANY QUESTIONS ON ANY OF THE ASPECTS OR THEY CAN ADD TO IT, THEY'RE HERE TO ANSWER ANY QUESTIONS YOU HAVE.
THAT CONCLUDES MY COMMENTS, MAYOR, COUNCIL.
ANY OTHER QUESTIONS OR INFORMATION I CAN PROVIDE?
>> I DON'T HAVE ANY QUESTIONS, BUT I WANT TO SAY THANK YOU FOR GIVING US THAT AND GIVING US THE OVERVIEW AND REALLY LETTING US COMPARE OURSELVES TO OTHER GROWING CITIES.
I THINK OFTENTIMES AS RESIDENTS AND IN CITIZENS, WE CAN KIND OF GET SUCKED INTO MAYBE SOME OF THE DOWNFALLS OF A GROWING CITY.
BUT TO SEE WHAT WE'RE ACTUALLY DOING RIGHT BECAUSE OF THE RIGHT TEAM IN PLACE AND JUST HOW THAT ACTUALLY TRANSLATES.
NOW THAT WE HAVE THE IMPROVED BOND RATING AND WHAT THIS IS ACTUALLY LOOKING LIKE WE'RE GOING TO THE OPEN MARKET.
THANK YOU FOR GIVING AN ACCOUNT OF THAT.
[00:55:03]
>> I WANT TO APOLOGIZE, MAYOR AND COUNCIL, IS A DIFFICULT POSITION TO PUT A PRESENTATION TOGETHER BECAUSE WE ACTUALLY PRICED AND WE FINISH UP ABOUT NOON, SO I DON'T HAVE THE INFORMATION TO FORMAT.
BUT I HAVE FORMAT AND TO YOUR STAFF, THEY'LL HAVE THAT AND THEY CAN PROVIDE THAT PROVIDES DETAILS HERE. THANK YOU AGAIN.
>> THANK YOU. COUNCIL, ANYBODY HAVE ANY QUESTIONS OR COMMENTS? VERY EXCITING. THANK YOU SO MUCH.
IF THERE IS NOTHING ELSE, IF I CAN GO AHEAD GET A MOTION, PLEASE.
>> YOUR HONOR, IF THERE'S NO OTHER DISCUSSION ON MY COMMOTION ON ITEM L6 ORDINANCE 202-408-2601, TO APPROVE ADANCE NUMBER 202-408-2601, AUTHORIZING THE ISSUANCE, GO THE SPECIAL ASSESSMENT REVENUE BONDS SERIES 2024, EAST BRIDGE PUBLIC IMPROVEMENT DISTRICT IMPROVEMENT AREA NUMBER 3 PROJECT.
>> ALL RIGHT. WE'LL DO A ROLL CALL VOTE, MR. RUFFEL.
>> MOTION CARRY 70 FOR THE APPROVAL OF L6 ORDINANCE 202-408-2601.
THAT'LL TAKE US TO L7, ORDINANCE 202-408-2602.
CONSIDER APPROVING ORDINANCE NUMBER 202-408-2602.
AUTHORIZING THE ISSUANCE OF THE SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2024, WINCHESTER CROSSING, PUBLIC IMPROVEMENT DISTRICT NUMBER 3 PROJECT, APPROVING AND AUTHORIZING AN INETURE OF TRUST, A BOND PURCHASE AGREEMENT, A CONTINUING DISCLOSURE AGREEMENT, AND OTHER AGREEMENTS AND DOCUMENTS IN CONNECTION THEREWITH, APPROVING AN UPDATE TO THE SERVICE AND ASSESSMENT PLAN, MAKING FINDINGS WITH RESPECT TO THE ISSUANCE OF SUCH BONDS, AND PROVIDING AN EFFECTIVE DATE AND TAKE APPROPRIATE ACTION.
>> MAYOR AND COUNCIL JIM SAVANAS FOR HILLTOP.
THIS AGAIN IS A PROJECT THAT HAS BEEN TAKING PLACE.
THE DEVELOPMENT AGREEMENT WAS ORIGINALLY APPROVED ON MARCH 28TH, 2022.
THE DISTRICT WAS FORMED ON JUNE 16TH, 2023.
WINCHESTER HAS ISSUED BONDS AND HAS DEVELOPED.
THIS PHASE ITSELF IS 139 ACRES.
IT'S ACTUALLY PHASE 9, 10, 11 OF THE WINCHESTER DEVELOPMENT, 628 HOMES AND 1.5 ACRES OF COMMERCIAL DEVELOPMENT.
THE BUILDOUT IS EXPECTED TO BE ABOUT $226,000,000.
IT'LL GENERATE ABOUT A MILLION DOLLARS ANNUAL AVORM TAXES FOR THE CITY.
AT CLOSING, AGAIN, THEY'VE INDICATED AND AGREED TO PAY THE PAID FEE OF $1,800 PER SINGLE FAMILY LOT.
AT CLOSING, THE CITY WILL RECEIVE $130 IN PID FEE TO USE AS IT SEES FIT.
THERE WAS 11,170,000 BONDS PRICED TODAY.
IT CAME IN AT AN AVERAGE COUPON OF 5.38%, TOTAL PRINCIPAL AND INTEREST OF $23,330,606.
UNIQUELY, IT ACTUALLY HAD A SPREAD OF 1.83%.
IF WE DIDN'T ACTUALLY SELL EASTRIDGE DAY, I'D BE UP HERE TELLING YOU THIS WAS THE CHEAPEST BOND EVER SOLD IN TEXAS.
IT'S THE SECOND CHEAPEST BOND.
IT'S SLIGHTLY HIGHER IN EASTRIDGE NOT BECAUSE OF PROJECT DIFFERENCE FOR THESE REASONS.
ONE, IT'S A LITTLE BIT EARLIER AND ITS DEVELOPMENT STAYS ON THIS PHASE, AND IT'S A LITTLE LARGER PROJECT THAT'S GOING TO HAVE A LONGER DEVELOPMENT.
THAT HAS SOME SLIGHTLY HIGHER IMPLIED RISKS BECAUSE OF THAT.
BUT THE SAME TIME, FIVE OF THE LARGE FUNDS, INCLUDING GOLDMAN SACHS, NAVIN, FRANKLIN, BLACK ROCK, AND FIRST INVESTMENTS ALL PUT ORDERS IN, WE HAD, IF I REMEMBER CORRECTLY, ABOUT 25 MILLION OF ORDERS, WE OVER SCRIBED TWICE ON THIS PROJECT.
UNIQUELY, THE SAME INVESTORS ON THIS PROJECT HAD THE SAME THINGS TO SAY, THEY WISH THERE WERE MORE BONDS.
THEY'VE INDICATED, AS I INDICATED EARLIER, THIS IS THE PREFERRED PLACE TO LIVE HERE IN NORTH TEXAS, YOUR QUALITY LIFE.
IT'S ONE OF THE FEW CITIES THAT HAS GROWN QUICKLY AND REDUCED THIS COST AND IMPROVED QUALITY LIFE.
AGAIN, THEY FOLLOW THE NEWS, THEY'VE TIRED THE CITY AND THESE DEVELOPMENTS WITH FMS. THEY UNDERSTAND THIS COMMUNITY VERY WELL.
AS A RESULT, THEY ACTUALLY PRICE THESE BONDS VERY EFFICIENTLY.
AGAIN, WE ARE VERY PLEASED TO PRESENT THIS TO YOU.
WE THINK THIS PRICING IS VERY EFFICIENT, WE RECOMMEND APPROVAL.
>> ALL RIGHT. THANK YOU VERY MUCH.
COUNCIL, ANY QUESTIONS? ALL RIGHT. NO QUESTIONS.
>> I'LL MAKE A MOTION TO APPROVE L7 ORDINANCE 2020 4-08 26-02.
>> THANK YOU. I HAVE A SECOND?
>> ALL RIGHT. WE'LL DO A ROLL CALL VOTE, MR. DEFOBO?
[01:00:01]
>> MOTION CARRY 70 FOR L7 ORDINANCE 202-408-2602.
>> ALL RIGHT. THAT'S GOING TO TAKE US TO L8, 2024, 184, PRESENTATION AND UPDATE ON THE CELL PHONE TOWER CONSTRUCTION AGREEMENT AND CURRENT PROJECT STATUS PRESENTED BY PUBLIC WORKS DIRECTOR TOMMY MATH.
>> GOOD EVENING, MAYOR AND COUNCIL.
>> PUT TOGETHER A BRIEF PRESENTATION TO DISCUSS THE ONGOING CELL PHONE TOWER AGREEMENT AND ARRANGEMENTS THAT WE HAVE WITH A COMPANY CALLED ANTHEMNET TO LISTEN TO OUR RESIDENTS AND STAKEHOLDERS.
WE PARTNERED WITH ANTHEMNET TO IDENTIFY SOME AREAS AROUND TOWN TO CONSTRUCT CELL PHONE TOWERS TO IMPROVE CELL PHONE COVERAGE.
SEVEN SITES WERE IDENTIFIED THAT WERE ALREADY OWNED BY THE CITY, THE APPROPRIATE ZONING IS IN PLACE.
SO REALLY, IT'S JUST UP TO ANTHEMNET ON WHEN THEY CAN CONSTRUCT THESE TOWERS.
MOVE FORWARD. THE TWO SITES THAT HAVE ALREADY BEEN SET IN MOTION FOR CONSTRUCTION ARE A SITE OWNED BY THE EDC CURRENTLY OFF OF 1219, THAT'S BY THE CONCRETE PLANT SOUTH OFF OF 982, AND THE DEL HURD LAMBERT PARK, WHICH IS THE PARKS JUST EAST OF HERE ALONG 380.
THOSE SITES ARE CURRENTLY UNDER REVIEW.
THERE'S SOME MODIFICATIONS BEING MADE TO THE PLANS TO ACCOUNT FOR SOME CHANGES THAT WERE REQUIRED FOR THE DRIVEWAYS TO BE CONSTRUCTED TO CITY ORDINANCE.
THIS IS AN OVERVIEW MAP THAT SHOWS ALL SEVEN SITES.
THE NORTH BEING THE EASTRIDGE BOOSTER PUMP STATION, WHICH IS UNDER CONSTRUCTION.
THE FAR EASTERN ONE IS THE DELA H LAMBERT SITE, WHICH I REFERENCED, AND THE ONE ON THE SOUTH END IS THE OTHER SITE THAT'S UNDER CONSTRUCTION OFF OF COUNTY ROAD 1219, OR WILL BE UNDER CONSTRUCTION SOON.
THAT BEING SAID, THE CONSTRUCTION WILL BEGIN, AND WE'LL MOVE FORWARD WITH EACH SITE AS CARRIERS ARE BROUGHT UNDER CONTRACT BY ANTHEMNET.
THE TWO SITES THAT THEY'VE SELECTED FOR VERIZON CELL PHONE TOWERS.
THEY'RE GOING TO ANCHOR THE CELL PHONE TOWERS FOR THOSE SITES.
THEY HAVE ROOM TO EXPAND THEM TO INCLUDE THE OTHER CARRIERS, BUT THEY'RE JUST WAITING ON SOME CONTRACTS TO ALIGN, AND I WAS INFORMED BY ANTHEMNET THAT THIS IS PRETTY MUCH THE TIME OF YEAR THAT ALL OF THE CELL PHONE CARRIERS ARE FINALIZING THEIR BUDGET FOR NEXT YEAR.
AS THEY MOVE FORWARD WITH THEIR BUDGETING AND CONDUCTING PROPAGATION STUDIES TO SEE WHERE THEY NEED ADDITIONAL COVERAGE AND WHERE IT WOULD BENEFIT THEM BEST, THAT'S WHEN THEY'LL PARTNER WITH ANTHEMNET TO BUILD THE CONSTRUCTION OR THE CELL PHONE TOWERS IN THOSE SITES THAT WILL SUIT THEM BEST AND THEIR CUSTOMERS BEST.
UNFORTUNATELY, FOR US, WE HAVE THE SITES, WE'RE READY FOR THEM TO BUILD THEM, BUT WE'RE AT THEIR MERCY FOR WHEN THEY CAN SECURE THOSE CONTRACTS FOR CARRIERS TO PARTNER WITH THEM ON THOSE SITES.
>> I THINK EARLIER ON IN THE FIRST SLIDE, IT SAID SOMETHING ABOUT WHITE-WING TRAILS. WHERE WAS THAT IN?
>> THIS IS A UNAFFILIATED SITE THAT IS UNDER CONSTRUCTION IN THE WHITE WING TRAILS.
IT'S A STELE TOWER LOOKS A WATER TOWER.
IT'S MY UNDERSTANDING THAT THAT ONE IS ALSO VERIZON.
>> THAT'S NOT UP, AND THAT'S ALSO.
>> THAT WAS THROUGH AN AGREEMENT WITH THE DEVELOPER THAT IS COMPLETELY SEPARATE FROM THIS, BUT I DID WANT TO IDENTIFY, AND THANK YOU FOR POINTING OUT THAT I SKIPPED IT THAT IT IS UNDER CONSTRUCTION AND SHOULD BE ONLINE VERY SOON.
>> THESE ARE BEING BUILT ON CITY PROPERTY AT THE COST OF ANTHEMNET AND THEIR CUSTOMERS.
>> CORRECT. WE ARE GOING TO ENTER INTO GROUND LEASE AGREEMENTS FOR EACH SITE TO ACCOUNT FOR THAT.
THE SITE WILL BE OWNED AND MAINTAINED BY ANTHEMNET, AND THE LEASES WILL CONTINUE INDEFINITELY WITH THEIR CARRIERS PENDING THEIR CONTRACTS.
>> ANYTHING ELSE? THANK YOU FOR THE UPDATE.
I'LL TAKE US TO L 920-20-4186, PRESENTATION AND UPDATE ON THE BROADBAND PROJECT PRESENTED BY JOHN THOMPSON FROM JOHNSTON TECHNOLOGY SERVICES. GOOD EVENING, GENTLEMEN.
>. GOOD EVENING, MADAM MAYOR, CITY COUNCIL.
I'M RICK ERVIN, THE DIRECTOR OF IT INFRASTRUCTURE HERE AT THE CITY OF PRINCETON.
LIKE THE MAYOR SAID, THIS GENTLEMAN IS JOHN THOMPSON, WHO WAS AWARDED THE CONTRACT.
HE'S THE GENERAL MANAGER OF JOHNSON TECHNOLOGY SOLUTIONS, AND QUITE FRANKLY, HE'S BEEN A REALLY GOOD PARTNER FOR US. I DON'T CONSIDER A VENDOR.
I CONSIDER HIM A PARTNER BASED ON ALL THE FEEDBACK HE'S GOT IN THE INTERACTIONS HE'S HAD WITH THE DIRECTORS AND CITY OFFICIALS.
I REALLY APPLAUD HIM FOR THIS WHAT YOU'RE ABOUT TO HEAR. HERE YOU GO, JOHN.
>> MAYOR. COUNCIL. THIS PROJECT RIGHT HERE WAS,
[01:05:03]
ACTUALLY, AWARDED BACK BY YOU GUYS BACK IN JANUARY.THERE'S BEEN SOME CHANGES THAT HAVE GONE ON.
THERE WAS A LONG PROCESS TO GET TO THIS POINT.
I GUESS I NEED TO USE THIS RIGHT THERE.
HERE WE GO. DO YOU WANT TO TALK ABOUT THE ARPA PART?
>> THE CITY WAS AWARDED THE GRANT FOR THE AMERICAN RESCUE PLAN ACT OR ARPA.
RIGHT NOW, WE HAVE ABOUT $3.2 MILLION OR SO IN THAT FUND, AND MAYBE A LITTLE MORE.
RIGHT NOW, THIS PROJECT THAT JOHN IS GOING TO TALK ABOUT HERE IS JUST A LITTLE OVER $1.1 MILLION.
AS YOU'LL SEE, THE FUTURE OF THIS PROJECT WILL ALSO INCLUDE WI-FI FOR CITY PARK.
WELL, THE CURRENT PLAN WILL INCLUDE WI-FI FOR THE CITY PARKS, BUT THE FUTURE WILL ALSO WORK OUT SOME BROADBAND TECHNOLOGY TO FACILITATE WI-FI OR MAYBE EVEN SOME FIBER, DEPENDING ON WHAT COMPANY YOU GO WITH, WHETHER IT'S SPECTRUM OR WHETHER IT'S T-MOBILE OR AT&T, DEPENDING ON WHAT WE COULD PUT UP ON THOSE TOWERS.
THE POINT OF THIS WHOLE PROJECT IS TO MAKE IT FEASIBLE AND REALLY EFFICIENT FOR THE CITY AND THE RESIDENTS OF PRINCETON.
>> THE MAIN THING HERE IS THERE'S A POINT-TO-POINT NETWORK THAT WILL BE INSTALLED GOING ACROSS, UTILIZING ASSETS THAT CITY OF PRINCETON CURRENTLY OWNS.
THEY'LL BE ON ELEVATED STORAGE TANKS.
THEY'LL ALSO BE ON THE TOP OF CITY HALL. IT'LL BE A ROOFTOP.
THERE WAS, ACTUALLY, SUPPOSED TO BE IN THE ORIGINAL PLAN, 100-FOOT STREET TOWER THAT WAS GOING TO BE BUILT.
I DON'T THINK THAT THAT'S HAPPENING AT CITY HALL ANYMORE.
I HAVE REWORKED THE DESIGN TO MAKE IT TO WHERE WE CAN, ACTUALLY, PUT IT ON A ROOFTOP MOUNT ON TOP OF CITY HALL.
IT'LL BE PROFESSIONALLY INSTALLED.
IT'S NOT GOING TO BE CHEAP OR ANYTHING OF THAT NATURE, SO NO WORRIES ON THAT.
THE OVERALL GOAL OF HAVING THAT POINT-TO-POINT RING GOING AROUND IS SO THAT WE CAN HAVE COVERAGE AREAS THAT WILL BE ABLE TO FACILITATE CONNECTIONS FROM PLACES LIKE LIFT STATIONS, TRAFFIC SIGNALS, SCHOOL ZONE FLASHERS, EVERYTHING LIKE THAT WILL BE INCLUDED.
WE'LL BE COMING BACK ONTO THE NETWORK AND THEN BACKHAULED AND PUT ONTO THE NETWORK, WILL BE ACCESSED HERE AT IT BY RICK AND HIS TEAM TO BE ABLE TO PROPERLY MANAGE LOOK OUT AND BE ABLE TO SEE PUBLIC WORKS WILL ALSO BENEFIT FROM THAT, AS WELL AS TRAFFIC, AS WELL AS PARKS.
WE HAVE EVERYTHING GOING OUT TO THE SIRENS, THE PARKS.
THERE'S CONNECTIONS GOING OUT TO EVERY SINGLE ONE OF THOSE PLACES TO WHERE EVERYTHING WILL BE BROUGHT ONLINE TO WHERE YOU WILL BE ABLE TO HAVE CONNECTIONS OUT THERE.
NOW, AT THE PARKS AS PART OF THIS, AND AS PART OF THE ARPA FUNDS, BUILDING OUT THE MIDDLE MILE, WHICH IS BASICALLY YOUR TRANSPORT RING, AND THEN YOUR LAST MILE, WHICH IS OUT TO THE END USER.
THAT'S GOING TO BE WHAT YOUR WI-FI AT THE PARK IS GOING TO BE FOR CURRENTLY.
IT ACTUALLY SATISFIES OVERALL THE RPA FUNDS AND WHAT THEY'RE DESIGNATED FOR, WHICH IS TO BE ABLE TO PROVIDE WI-FI OR A CONNECTION FOR UNDERSERVED.
COMMUNITIES ARE, ACTUALLY, JUST COMMUNITIES.
ARPA FUNDS CAN BE USED FOR EITHER OF THOSE THINGS.
THAT'S PART OF THE PROCESS OF TRYING TO GET THIS INSTALLED.
NOW, IN THE FUTURE, LIKE RICK WAS SAYING, THERE IS A SECOND PART OF THIS.
THERE IS A PHASE 2 THAT CAN POSSIBLY BE HAD.
IT'S IN DEVELOPMENT CURRENTLY.
HE'S ALREADY IN TALKS WITH A COUPLE OF OTHER PEOPLE TO PARTNER WITH TO UTILIZE THIS FOR THEIR BENEFIT AS WELL.
BUT ULTIMATELY, THIS WILL BE SOMETHING THAT THE CITY WILL BE ABLE TO USE FOR YEARS AND YEARS AND YEARS.
THIS WILL LAST YOU 10-15 YEARS AND IT'LL BE ABLE TO PROVIDE COVERAGE FOR YOUR CONNECTIONS TO ANYTHING THAT YOU WANT TO BRING ONLINE, ANYTHING ELSE THAT YOU'RE BRINGING UP, ANY NEW LIFT STATIONS, ANY NEW TRAFFIC SIGNALS, ANYTHING LIKE THAT, YOU'LL HAVE THE COVERAGE AREAS ALREADY TO BRING THOSE ONLINE AND HAVE THOSE ON A SYSTEM TO BE ABLE TO BE MANAGED BY YOUR STAFF.
OVERALL, IT DIDN'T REALLY SHOW UP VERY WELL, AND YOU GUYS DON'T SEE IT ANYWAY, SO IT DOES NOT MATTER. YOU'LL SEE IT LATER.
PROBABLY ON YOUR SHEETS, YOU CAN SEE IT, BUT UP HERE, IT DOESN'T LOOK VERY PROMISING.
BUT HERE'S THE COVERAGE AREAS THAT WE WILL BE SEEING AT PUBLIC WORKS EST TO THE NORTH.
IT HAS THE BIGGEST COVERAGE AREA.
THE REASON FOR THAT IS CITY HALL WAS PLANNED TO HAVE COVERAGE AREAS, BUT OF COURSE, IT DOESN'T HAVE THE ACCESS TO THE LINE OF SITE TO HAVE IT ANYMORE, SO THAT HAS TO ROLL BACK OVER TO PUBLIC WORKS EST.
MAKING THAT COVERAGE AREA A LITTLE BIT BIGGER.
THEN AT FIRE STATION 3 EST, THERE'S A LITTLE BIT OF A COVERAGE AREA BECAUSE IT IS A VERY CONDENSED AREA WITH A LOT OF SITES THAT ARE GOING TO BE GOING THERE.
IT'S BETTER TO HAVE ANOTHER ACCESS POINT AND ANOTHER COVERAGE AREA THERE TO PICK UP A LOT OF THE SCHOOL ZONE FLASHERS AND A LOT OF THE SITES THAT ARE IN THAT AREA. DOWN TO THE SOUTH.
[01:10:01]
THERE WAS SUPPOSED TO GO AT, I THINK IT WAS BRIDGEWATER.THERE IS A LIFT STATION DOWN THERE.
HOWEVER, THE TOWERS THERE IS INSUFFICIENT TO BE ABLE TO CONSTRUCT AND HOLD THE POINT OR POINT TO MULTI-POINT SYSTEMS THAT WOULD BE GOING ON TO THAT TOWER.
WORKING WITH PUBLIC WORKS AND RICK IN THE MEETING THAT WE HAD AFTER WE CAME INTO THIS, I WAS FOUND THAT THERE WAS A SPECIAL UTILITY DISTRICT OUT THERE THAT ACTUALLY HAD AN EST THAT THEY COULD GET AN AGREEMENT WITH PRETTY EASILY TO WHERE WE COULD, ACTUALLY, MOUNT CITY OF PRINCETON'S EQUIPMENT ON THERE WITH NO PROBLEM AT ALL.
THEREBY ELIMINATING THE NEED TO BUILD A TOWER AT THIS SITE AND COSTING EXTRA FUNDS UNDERNEATH THE PROJECT, SO THAT WAS A WIN-WIN FOR EVERYBODY.
WITH THAT BEING SAID, THAT'S ALL IN ALL WHAT THE PROJECT IS GOING TO BE GOING FOR.
YOU GUYS HAVE ALREADY HEARD THIS BILL BEFORE.
YOU ALL KNEW WHAT THIS WAS PROBABLY FOR BEFORE, BUT HERE WE ARE AGAIN.
THAT IS THE PRESENTATION AS IT STANDS.
I'VE ALREADY WENT THROUGH THE EXPLANATION AND THE EXPANSION.
IF THERE ARE ANY QUESTIONS, I WOULD BE MORE THAN HAPPY TO ANSWER THEM.
>> THANK YOU. THAT'S EXCITING. VERY EXCITING.
RICK, I WANT TO THANK YOU VERY MUCH FOR YOUR WORK IN THIS.
I KNOW YOU'VE WORKED VERY HARD ON THIS. THANK YOU.
VERY EXCITING THAT WE'RE GOING TO HAVE THAT DOWN AT THE PARK.
I THINK THAT'S SOMETHING NEW THAT WE'VE ALL HEARD TONIGHT.
THAT'S A GAME CHANGER FOR OUR RESIDENTS HERE.
THANK YOU. DO YOU WANT TO GIVE US ANY TEASERS ABOUT PHASE 2?
>> SURE. RIGHT NOW, I'M WORKING WITH T-MOBILE AND SPECTRUM TO COME UP WITH A PLAN TO SPECTRUM, ACTUALLY, HAS A GOVERNMENT FACILITY OR A GOVERNMENT DIVISION THAT IS ALL FAMILIAR WITH THE ARPA FUNDS AND WHAT IT REQUIRES.
I JUST FOUND THAT OUT TODAY THAT WE'RE GOING TO WORK WITH THEM CLOSELY TOO TO SEE WHAT WE CAN DO TO I WOULD PREFER TO PUT FIBER OUT THERE AND UNDERSERVED.
BUT IF WE HAVE TO DO WI-FI BROADBAND, DEPENDING ON WHERE THEY'RE LOCATED, WE CAN DO A COMBINATION OF THEM WITH THE WIRELESS INTERNET SERVICE PROVIDERS SUCH AS T-MOBILE, AT&T, AND FIRSTNET.
WE HAVE A LOT OF THINGS IN THE WORKS TO MAKE THIS REALLY AWESOME FOR THE CITY OF PRINCETON.
>> I LOVE IT. THANK YOU VERY MUCH.
>> I HAVE A QUESTION, AND IT'S JUST FOR MY OWN INFORMATION.
YOU MENTIONED THAT WOULD LAST THE CITY FOR 10-15 YEARS.
HOW EASY IS IT TO UPGRADE? I KNOW EVERY OTHER COUPLE OF YEARS THERE'S ANOTHER G COMING OUT ON NO OF THESE SIGNALS.
HOW UPGRADABLE ARE THE SYSTEM THAT WE'RE GOING TO GET?
>> THE SYSTEM STARTING OUT WILL BE A ONE-GIGABIT RING GOING ALL THE WAY AROUND TO ALL FOUR OF THOSE SITES.
IF YOU WANTED TO SAY IN FIVE YEARS, YOU CAME BACK AND WERE LIKE, HEY, WE WANT TO GO TO 10 OR LET'S JUST SAY YOU WANT TO DOUBLE THE CAPACITY.
IT WOULD BE AS SIMPLE AS GOING UP AND, ACTUALLY, PUTTING A COUPLER ON THE BACK OF THE DISH AND HAVE TWO RADIOS UP THERE INSTEAD OF ONE RUNNING DOWN SOME ADDITIONAL CABLES, AND THEN DOUBLE YOUR BANDWIDTH THAT WAY.
IT'S NOT HIGHLY INTENSIVE TO DO THAT.
NOW, 10-15 YEARS, THERE'S NO TELLING WHAT OUR NEEDS ARE GOING TO BE.
BUT I SAY IT RIGHT NOW, WE CAN PUT A TEN GIG LINK IN RIGHT NOW, BUT NOBODY'S USING 10 GIG.
THE ONLY PEOPLE THAT COULD POSSIBLY DO THAT IS IF YOU'RE SENDING MRI IMAGES AND A TON OF THEM DOWN THE SAME PIPE AT THE SAME TIME, THAT'S THE ONLY THING I CAN THINK OF RIGHT NOW GOING IN BETWEEN HOSPITALS THAT HAS ENOUGH TO CARRY A 10 GIG.
THE ONE GIG WILL LAST YOU FOR QUITE A WHILE.
HOWEVER, IF YOU DO OUTGROW IT, THEN IT CAN BE UPDATED PRETTY EASILY, AND AT A LESS EXPENSIVE COST THAN THE FIRST INITIAL INSTALLATION.
>> I'M ACTUALLY GLAD YOU SAY THAT BECAUSE THAT IS THE INTEREST OF THE COMMUNITY IN A HOSPITAL SOMETIME AND, HOPEFULLY, IN THE NEAR FUTURE, SO THIS IS SOMETHING THAT WE CAN BRIDGE INTO A HOSPITAL SYSTEM.
>> DID I HEAR YOU SAY YOU'RE AVOIDING PUTTING A STEEL TREE HERE AT THE CITY HALL?
>> OH, NO, I'M NOT AVOIDING IT.
IN THE INITIAL MASTER PLAN FROM KIMBERLY HORN, IT WAS STATED THAT THERE WAS ONE THAT WAS PROPOSED TO BE BUILT.
HOWEVER, WHENEVER WE GOT INTO TALKS WITH THE CITY OF PRINCETON, THAT NEVER ACTUALLY MATERIALIZED, AND IT'S NOT PROPOSED CURRENTLY.
IT'S NOT SOMETHING I CAN ACTUALLY BUILD OFF OF SO THAT'S WHY WE'RE HAPPENING TO GO INTO THE ROOFTOP INSTEAD OF THAT.
>> THAT'S GOOD. WE DON'T NEED A STELL TREE HERE AT THE CITY HALL.
>> BUT IT WAS GOING TO BE ST AND PRETTY. YOU WOULDN'T EVEN SEE IT.
>> ANYTHING THAT'S PROPOSED AND PLANNED FOR THE TECHNOLOGY IN THE CITY IS ALWAYS AVAILABLE, THERE'S NO REVAMP START-OVER. IT WON'T HAPPEN.
>> BEAUTIFUL. THANK YOU FOR YOUR HARD WORK.
THANK YOU VERY MUCH FOR BEING HERE.
>> IS THAT IT, GUYS? THANK YOU.
>> LET'S GO TO TAKE US TO L10, 2024179.
CONSIDER APPROVING A REQUEST FOR ITEMS TO BE PLACED ON A FUTURE AGENDA AND NOT FOR DISCUSSIONS OF THESE REQUEST.
COUNSEL, WHAT DO YOU HAVE TONIGHT FOR FUTURE ITEMS? IF NOTHING, WE WILL GO TO OUR REPORT AGENDA,
[M. REPORT AGENDA]
[01:15:02]
SPECIAL BUDGET WORK SESSION MEETING, THURSDAY, SEPTEMBER 12, 2024 AT 6:00.THEN OUR NEXT SPECIAL CITY COUNCIL MEETING WILL BE MONDAY, SEPTEMBER 16, 2024, AND WE MOVED THAT TO 7:00 PM.
IF EVERYONE'S READY TO GO HOME, I'LL TAKE A MOTION TO ADJOURN.
>> HAVE A GOOD NIGHT.
* This transcript was compiled from uncorrected Closed Captioning.