May 11, 2026 City Council

IT'S THAT- ALL RIGHT, MR. JOHNSON.

LET ME STOP.

YEAH, I WAS GOING TO ASK.

SO, BASED ON WHAT KEVIN SAID, IF IT'S WITHIN THAT C2 ZONE DISTRICT, IF THAT'S THE CASE, THEN WHAT IS THE POINT OF REFERENCE IN 380 IN HERE IF IT APPLIES, IF IT'S A BROAD BRUSH? SO, THE REASON FOR THAT 380 IS, FOR EXAMPLE, WE JUST SAW WE HAVE PDS IN THE CITY THAT HAVE C2.

SO WE...

WE NEED TO REALLY STUDY EACH AND EVERY PROPERTY TO SEE WHAT HAS C2 AS THEIR UNDERLYING ZONING, WHAT IMPACT WOULD IT HAVE

[00:45:02]

ON THE SURROUNDING PROPERTIES, WHEREAS WITHIN THE 380 CORRIDOR, THAT IS MEANT FOR HIGH-INTENSITY USES, THAT JUST BECAUSE THE HEIGHT CHANGES, THE INTENSITY OF THE USE DOESN'T CHANGE.

IT'S STILL GOING TO BE WHAT'S ALLOWED TODAY, SO SOMEBODY CAN GO IN THERE.

AND DO A VERY HIGH INTENSITY, NOT SUCH A NICE USE WITHIN RIGHT NEXT TO RESIDENTIAL ALREADY.

SO THAT WAS THE REASON WE WANTED 380 IS BECAUSE THAT'S WHERE WE WANT SOME OF THE USES LIKE HOSPITALS AND HOTELS.

AND THAT'S WHERE THEY WILL WANT TO GO.

AND I THINK THAT I'M NOT SURE YOU UNDERSTOOD THAT CORRECTLY, BUT.

THIS IS ONLY OFF OF 380.

IT'S NOT APPLIED TO ANY C2 THAT'S THROUGHOUT THE CITY.

THIS WOULD HAVE TO BE AT THE OTHER FEET OFF OF 380.

THIS DOES NOT APPLY TO C2, OR IS THAT WHAT YOU'RE SAYING, KEVIN? YEAH, CORRECT.

IT'S NOT EVERY C2 DISTRICT.

IT WOULD BE PROPERTY THAT'S ZONE C2 THAT HAS A BOUNDARY THAT'S WITHIN 1,000 FEET OF HIGHWAY 380.

ONE OF THE THINGS WE WANTED WHEN I WAS WORKING WITH SHAI TO DRAFT THIS ORDINANCE, ONE OF THE THINGS I DID WANT TO MAKE SURE OF IS THAT IT WAS...

CLEAR THAT IT WAS NOT JUST PROPERTY THAT HAD A BOUNDARY THAT WAS LOCATED WITHIN A THOUSAND FEET.

SO THE PROPERTY COULD BE DEEPER THAN A THOUSAND FEET AWAY, BUT TO CREATE A LOOPHOLE, BUT TO AVOID THE POSSIBILITY OF THAT BUILDING BEING MORE THAN A THOUSAND FEET, THAT'S WHY THE SECOND PROVISION IS THERE IS TO MAKE SURE THAT THE THOUSAND FOOT LIMIT OF THE BUILDING IS THERE TOO.

SO THE BUILDING, BACK TO THE OTHER QUESTION, SO YOU COULD HAVE A BUILDING SAY THE DEPTH IS 3,000 FEET AWAY, THE PROPERTY.

THE 65-FOOT HEIGHT WOULD HAVE TO STOP AT 1,000 FEET.

YOU COULD STILL HAVE MORE BUILDING, BUT THAT HEIGHT THAT'S SET OUT IN THE ORDINANCE WOULD THEN ANYTHING BEYOND 3,000 FEET, THE MAXIMUM HEIGHT WOULD THEN STILL BE 35 FEET, AS IS CURRENT ZONING FOR C2.

SO MR. LONG HAD ASKED ABOUT, YOU KNOW, FUTURE PLANS.

WHAT ABOUT EXISTING PROJECTS THAT ARE CURRENTLY UNDERWAY WITHIN OUR CITY WHO MAY BE CONSIDERING PUTTING A HOTEL IN AND THEY ALREADY HAVE C2 ZONING, THEY ALREADY HAVE PLANS GOING, AND NOW SUDDENLY THIS GETS PASSED AND THEY'VE ALREADY GOT STUFF GOING AND NOW THEY WANT TO THROW A HOTEL IN.

SO HOW DOES THAT WORK IN REGARDS TO BEING ABLE TO COME BACK IN TIME TO PUT PROTECTIONS FOR RESIDENTS? SO IF THERE'S A PROJECT THAT'S ALREADY UNDERWAY, THEY WOULD HAVE TO COME BACK WITH NEW PLANS AND GET THAT APPROVED AND REDO IT.

THEY CAN'T JUST PUT A HIGHER HEIGHT ON A BUILDING THAT'S ALREADY THERE.

FOR EXAMPLE, THE APARTMENTS, IRONWOOD APARTMENTS, THEY ACTUALLY HAVE A PD, SO THEY'D HAVE TO COME AMEND THE PD.

A LOT OF PROJECTS THAT ARE GOING ON IN THE CITY RIGHT NOW ARE UNDER PD.

IF THEY ARE UNDER...

STRAIGHT ZONING, THEY'RE BASICALLY ONE-STORY COMMERCIAL PROJECTS THAT ARE GOING ON UNDER STRAIGHT C2.

BUT IF THEY DID WANT TO COME BACK AND BUILD A BUILDING FOR 60 FEET, THEY CAN.

THEY JUST HAVE TO RESUBMIT THEIR PLANS AND GET THEM APPROVED THROUGH US.

AND I WILL SAY THAT, AT LEAST IN MY CONVERSATIONS WITH SOME OF THE PEOPLE WHO ARE LOOKING INTO THE CITY, THEY ARE WELL AWARE OF.

THE CONCERN THAT YOU'RE FACING.

AND THOSE CONVERSATIONS HAVE HAPPENED, BUT BEFORE THEY WOULD EVEN PURSUE PRINCETON, THESE ARE CERTAIN THINGS THAT WE HAVE TO CHANGE FOR THEM TO COME.

BUT AT THE SAME TIME, I BELIEVE THAT THERE'S ALSO ORDINANCES THAT WE CAN PUT IN PLACE FOR SCREENING AND FOR THE VISIBILITY INTO PEOPLE HOMES THAT WE CAN ALSO ADDRESS AND SEE TO AS WELL.

SO APPROVAL OF THIS TONIGHT WOULD NOT BE, OR THIS AGENDA ITEM, IT'S NOT RETROACTIVE.

IT DOESN'T GO BACK AND AMEND ANY OF THE CURRENT PENDING BUILDINGS THAT ARE ALREADY IN PROCESS.

SO IT DOES APPLY TO THOSE, BUT THEY WOULD HAVE TO REDEVELOP THOSE PROPERTIES.

THEY WOULD HAVE TO RESUBMIT THOSE PLANS.

THE PLANS THEY'VE ALREADY SUBMITTED AND GOTTEN APPROVED ARE FOR 35 FEET.

SO THAT'S ALL THEY CAN DO, OR NOT EVEN 35.

WHATEVER THEY PUT ON THEIR BUILDING PLANES IS WHAT WAS APPROVED.

SO THAT'S WHAT IT WOULD BE.

BUT I DO UNDERSTAND WHAT MS. TODD IS SAYING IS EVEN IN THE STRAIGHT PROPERTY C2, IF IT IS AN OPEN PROPERTY AND IF IT IS RIGHT NEXT TO RESIDENTIAL, THEN THAT COULD BE A PROBLEM.

[00:50:01]

HOWEVER, WE'VE LOOKED AT THE PROPERTIES THAT ARE CURRENTLY AVAILABLE AND TO GET THOSE USES RIGHT NOW, YOU HAVE TO HAVE A DEVELOPMENT AGREEMENT AND THE COUNCIL CAN PUT OTHER REQUIREMENTS IN THE DEVELOPMENT AGREEMENT WHEN IT IS RIGHT NEXT TO.

60 FEET HEIGHT IS VERY FEW USES.

THAT THE RETURN ON INVESTMENT OR THE PRO FORMA WOULD WORK FOR 60 FEET.

SO THAT'S JUST NOBODY IS GOING TO DEVELOP A 60-FEET TALL BUILDING IF IT DOESN'T MAKE SENSE IN THE MARKET.

AND THE ONLY THINGS THAT WILL USE THAT HEIGHT WILL NEED TO COME IN FOR A DEVELOPMENT AGREEMENT WITH COUNCIL.

SO THAT'S THE ONLY HOPE WE HAVE.

WE REQUIRE A VISIBILITY STUDY TO BUILDINGS.

THAT ARE CLOSE TO RESIDENTIAL RIGHT IT'S KIND OF ONE OF THOSE THINGS THAT ALREADY EXISTS AND IT'S COMMON KNOWLEDGE FOR ANY BUILDING THAT WILL APPEAR INTO THE A NEIGHBORING HOME IS THAT CORRECT SO WOULD YOU MIND SAYING THAT AGAIN SIR DO WE ALREADY REQUIRE A VISIBILITY STUDY FOR ANY SO WE HAVE NO ORDINANCE IN PLACE THAT REQUIRES THOSE OKAY SO UH LET'S TALK ABOUT VESTING RIGHTS SO IF WE PASS THIS TODAY ANYTHING THAT C2 WITHIN THAT RANGE HAS VESTED RIGHTS THEY CAN APPLY FOR A PERMIT TO HAVE THIS 60-FOOT BUILDING BECAUSE THEY HAVE THE RIGHT TO HAVE A 60-FOOT BUILDING.

THEY DON'T NECESSARILY NEED TO HAVE A DEVELOPMENT AGREEMENT.

THEY MAY HAVE AN EXISTING DEVELOPMENT AGREEMENT THAT WE WOULDN'T EVEN HAVE TO AMEND.

WHAT IS YOUR QUESTION? SO MY QUESTION IS, WHAT EXACTLY ARE WE DOING TO HAVE PROTECTIONS? WHY ARE WE HANDING THIS OUT SO FREELY RIGHT NOW? CAN YOU PLEASE CLARIFY YOUR QUESTION? WE HAVE...

I THINK YOU ASKED TWO IN ONE.

EXPLAIN THE VESTING RIGHTS FOR THE...

WE'RE NOT TALKING ABOUT VESTING RIGHTS.

WHAT IS YOUR QUESTION FOR HER? IT IS VESTING RIGHTS.

IT IS A GOOD QUESTION.

ANY DEVELOPMENT THAT CURRENTLY IS C2 ACTIVE IN THE CITY, IF WE PASS THIS, ARE THEY GIVEN THE RIGHT TO SIMPLY APPLY FOR THE PERMIT FOR THE 60-FOOT BUILDING? AND DO THEY ABSOLUTELY, MANDATORILY HAVE TO COME FOR A DEVELOPMENT AGREEMENT OR SIMPLY ASK FOR THE PERMIT? SO THEY CAN.

VESTING RIGHTS IS ONLY FOR IF THEY HAVE SUBMITTED A PLAN, IF THEY HAVE SUBMITTED THE BUILDING DRAWINGS.

SO THEY WILL ONLY BE VESTED IF THEY WILL SUBMIT ARCHITECTURAL AND CONSTRUCTION PLANS TO GET THAT BUILDING PERMIT.

SO SOMEBODY WOULD HAVE TO GO THROUGH US, MEET ALL OUR, FOR EXAMPLE, THEY WILL HAVE TO GO THROUGH A PRELIMINARY PLAT, FINAL PLAT, THEN THEY WILL GET THE BUILDING PERMIT WITH ALL THE ARCHITECTURAL DRAWINGS.

SO FRANKLY, WHAT I'M TRYING TO SAY HERE IS WE HAVE TWO OR THREE PROPERTIES THAT CAN HAVE THESE KIND OF BUILDINGS.

TWO OR THREE PROPERTIES IN THE CITY ARE NOT.

ALL GOING TO GO THROUGH ALL OF THIS WORK JUST TO DO SOMETHING THAT WON'T MEET THE MARKET.

BUT YES, YOU'RE RIGHT, I CANNOT GUARANTEE IT.

SOMEBODY COULD BECOME MORE CREATIVE AND COME UP WITH SOMETHING, BUT AGAIN, NOTHING, I CANNOT GUARANTEE ANYTHING.

THERE ARE SO MANY OTHER THINGS IN THE CITY WE NEED TO FIX.

THIS IS, IN MY OPINION, EASY.

ABLE TO SAY THAT THIS WILL NOT PROBABLY THIS IS THE ONE THING THAT WON'T CREATE AS MANY ISSUES AS OTHER THINGS IN THE CITY CAN FOR THE RESIDENTS AND WE WILL BE LOOKING AT A LOT OF THINGS THAT YOU SAID WE'RE BRINGING BACK A LOT OF C2 ORDINANCES WE ARE REVIEWING RIGHT NOW ALL OUR PDS TO STUDY WHAT ALL IS ALLOWED AROUND RESIDENTIAL WE ARE COMMITTED TO MAKING SURE THAT QUALITY OF LIFE FOR OUR RESIDENTS DOES NOT GET AFFECTED BY THIS BUT AT THE SAME TIME OUR RESIDENTS WE GET SO MANY CALLS IN OUR OFFICE EVERY DAY TALKING ABOUT DEVELOPMENT ABOUT COMMERCIAL DEVELOPMENT RESIDENTS SAYING WE MOVED HERE BECAUSE GROWTH WAS COMING AND COMMERCIAL DEVELOPMENT WAS COMING WHAT ARE YOU DOING THIS IS ONE OF THE WAYS TO HELP BRING THAT ABOUT IF WE DO SUPS OR IF WE ASK FOR OVERLAYS, THAT IS TIME.

THAT ADDS TIME TO A DEVELOPMENT PROCESS, WHICH MOST GOOD DEVELOPERS WILL WALK AWAY FROM.

THEY ARE NOT GOING TO COME IF THEY THINK...

THEY'RE GOING TO HAVE TO GO THROUGH A BIGGER PROCESS JUST TO GET ZONING BECAUSE THERE'S

[00:55:02]

SO MANY OTHER THINGS AFTER ZONING THAT THEY HAVE TO MEET FOR US TO ALLOW THEM TO DO QUALITY DEVELOPMENT AND I KNOW PEOPLE ARE WORRIED ABOUT WHAT HAS HAPPENED IN THE PAST.

I CAN ONLY KEEP SAYING THAT WE'RE DOING IT RIGHT NOW AND AGAIN LIKE I SAID MISTAKES DO HAPPEN BUT HOPEFULLY THIS IT'S NOT ONE OF THOSE.

I WAS GOING TO SAY, I DIDN'T HAVE A QUESTION, BUT I DID WANT TO MAKE A STATEMENT, IF ALLOWED.

MR. JOHNSON? YEAH.

AND I DON'T WANT TO, YOU KNOW, MAKE IT SOUND AS IF COUNCILMAN TODD, THE THINGS THAT SHE'S WORRIED ABOUT ARE NOT VALID OR NOT.

BECAUSE I DO, I AGREE THAT, YOU KNOW, WE'VE HAD THOSE THINGS, ISSUES IN THE PAST.

BUT I ALSO UNDERSTAND THAT WE CAN'T SOLVE FOR EVERY VARIABLE WITH ONE AGENDA ITEM.

AND I KNOW THERE ARE A MULTITUDE OF THINGS THAT WE'RE TRYING TO DO IN THE CITY.

I DO KNOW FROM PERSONAL EXPERIENCE FROM ATTENDING MULTIPLE ECONOMIC SEMINARS WITH SITE SELECTORS, ONE OF THE THINGS THEY DO, AND YOU SPOKE TO IT EARLIER, SHAI, IS THAT A LOT OF IT IS AUTOMATIC.

THEY PUT THROUGH THIS PROGRAM AND BASICALLY FILTER AND HAVE A CRITERIA TO WHERE IF YOU DON'T MEET THESE CERTAIN REQUIREMENTS, WE WON'T EVEN HAVE AN OPPORTUNITY TO EVEN DISCUSS SUPS OR THINGS LIKE THAT.

SO THE GOAL IS TO AT LEAST BRING THEM TO THE TABLE SO THAT WE CAN DISCUSS, REVIEW WHAT THESE OTHER VARIABLES THAT YOU'RE TALKING ABOUT, MR. TODD, SO THAT WAY WE CAN MOVE FORWARD AND TRY TO GET SOME COMMERCIAL GROWTH INTO THE CITY.

SO I PERSONALLY FEEL COMFORTABLE WITH THE VERBIAGE IN HERE, WITH IT HIGHLIGHTING AND EMPHASIZING U.S.

HIGHWAY 380.

AND, YOU KNOW, I'M IN SUPPORT OF THE AMENDMENT.

AND WE DID COMPARE ALL THE CITIES THAT US 380 GOES THROUGH AND THE HEIGHTS THAT THEY'RE ALLOWING ALONG US 380.

AND SO IT'S EVERYWHERE FROM, WE ARE 35, WE ARE THE LOWEST.

THEN WE HAVE 70, 45, ONE GOES ALL THE WAY TO 100, BUT THEY'VE GOT A LOT OF CAVEATS.

AND THEN MCKINNEY ALLOWS 55 FEET ALONG 380.

SO RIGHT NEXT TO US, LIKE YOU SAID, THEY'RE GOING TO PUT IN.

THEY JUST WANT AROUND 380.

THEY'RE GOING TO FIND THE NEXT CITY THAT ALLOWS THE HEIGHTS THAT THEY WANT AND GO THERE.

IF THERE'S NO OTHER QUESTIONS, I'LL OPEN UP THE PUBLIC HEARING.

THE TIME IS 735, AND THIS WILL OPEN UP A PUBLIC HEARING.

DOES ANYBODY FROM PUBLIC WISH TO SPEAK ON THIS MATTER? I'M JUST GOING TO GIVE IT A MINUTE.

THE TIME IS 736 AND THIS WILL CLOSE PUBLIC HEARING.

AT THIS TIME I ENTERTAIN A MOTION.

Y'ALL DON'T MAKE THAT MOTION TO APPROVE ITEM K-1.

I HAVE MOTION PASSED AS 6-1.

MR. DEFFENBACH SECOND.

I DID WANT TO ADD ONE MORE THING FOR MS. TODD AND EVERYBODY ELSE.

WE DO HAVE YOUR OTHER CONCERNS THAT WE'RE GOING TO BRING UP IN THE ORDINANCE AND CHIEF HAS ALREADY PUT IT ON OUR AGENDA TO DO THE HEIGHT FROM THE RESIDENCE SO WE WILL MAKE SURE TO BRING THAT UP AS FAST AS THE DATA CENTER ISSUE SO I JUST WANTED YOU TO KNOW THAT IT'S IN THE WORKS ANYTHING THANK YOU

[I. EXECUTIVE SESSION]

AND CHIEF, YOU SAID WE NEED TO GO INTO EXECUTIVE FOR EVERYTHING ELSE? YES, SIR.

THE TIME IS 737 AND THIS WILL TAKE US TO EXECUTIVE SESSION.

EXECUTIVE SESSION IN THE TERM OF CHAPTER 551 OF TEXAS GOVERNMENT CODE.

CITY COUNCIL MAY ENTER INTO A CLOSED SESSION OR EXECUTIVE SESSION TO DISCUSS THE FOLLOWING.

SECTION 551.071 NORTH COLLINS SPECIAL UTILITY DISTRICT VERSUS CITY OF PRINCETON AND ALSO SECTION 551.087 PROJECT BREAD AND ARE WE HAVING A SECURITY DEVICE OR ANYTHING LIKE THAT? NO SECURITY CONVERSATIONS FOR THIS ONE RIGHT? IT'S JUST GOING TO BE THAT QUICK OVERVIEW.

AND ALSO SECTION 551.076, SECURITY DEVICES, AND SECTION 551.074, FIRE DEPARTMENT.

THE TIME IS 737.

[01:00:09]

I WILL NOT PARTICIPATE IN PROJECT BREAD FOR THE FALSE TRANSPARENCY GIVEN TO THE PEOPLE TONIGHT.

THIS WILL TAKE US OUT OF EXECUTIVE.

THE TIME IS 9-0-1.

AND THERE IS NO ACTIONS TO TAKE PERTAINING TO EXECUTIVES, SO THIS WILL MOVE US TO OUR REGULAR AGENDA, STARTING WITH THE ITEM THAT WAS PULLED FROM THE CONSENT.

AND I BELIEVE, I THINK I LEFT MY AGENDA BACK THERE.

[G3. 2026-05-11-R01 Consider Resolution No. 2026-05-11-R01 authorizing the City Manager to execute an Interlocal Agreement between the City of Princeton and LC Municipal Utility District No. 1 for the provision of fire protection and emergency medical services and take appropriate action.]

THIS WILL TAKE US TO ITEM G3, MS. COOK.

CONSIDER RESOLUTION 202605-1101, AUTHORIZING CITY MANAGER TO EXECUTE AN INTERLOCAL AGREEMENT BETWEEN CITY OF PRINCETON AND L.C.

MUNICIPAL UTILITY DISTRICT NUMBER 1 FOR THE PROVISION OF FIRE PROTECTION AND EMERGENCY MEDICAL SERVICES AND TAKE ACTION.

CHIEF STEVENS.

GOOD EVENING, MR. MAYOR, MEMBERS OF COUNCIL.

THIS ITEM IS AN AMENDED AND RESTATED INTERLOCAL COOPERATION AGREEMENT BETWEEN THE CITY OF PRINCETON AND THE LOWRY CROSSING MUNICIPAL UTILITY DISTRICT NUMBER ONE FOR THE PROVISION OF FIRE PROTECTION AND EMERGENCY MEDICAL SERVICES.

THE PROPOSED FUNDING STRUCTURE ESTABLISHES A MONTHLY SERVICE FEE OF $50 PER SERVICE CONNECTION TO SUPPORT EMERGENCY RESPONSE CAPABILITIES AND OPERATIONAL READINESS.

THE AGREEMENT ALSO INCLUDES ANNUAL ADJUSTMENT PROVISIONS TIED TO DEFINED OPERATIONAL COST FACTORS TO HELP ENSURE LONG-TERM FINANCIAL SUSTAINABILITY AS SERVICE DEMANDS AND COSTS INCREASE BASED ON CPI.

AND THE AGREEMENT HAS BEEN REVIEWED AND APPROVED BY THE CITY ATTORNEY PRIOR TO PLACEMENT ON THIS AGENDA.

THIS IS THE DISTRICT THAT'S CLOSEST TO US, CORRECT? CORRECT.

THIS IS OFF OF CYPRESS? IT'S JUST TO THE WEST OF OUR FIREHOUSE NUMBER THREE.

THAT WAS THAT WAS ALL THE QUESTION THAT HAPPENED THIS ITEM AND THERE'S NO OTHER QUESTIONS.

I'LL ENTERTAIN A MOTION YEAH, I'LL MAKE THAT MOTION TO APPROVE ITEM G3 I'LL SECOND THE MOTION.

I MISS THE DEN BAR SECOND.

[G4. 2026-05-11-R03 Consider Resolution No. 2026-05-11-R03 to combine four separate contracts with Cintas Corporation No.2, d/b/a Cintas Corporation, under one master agreement through May 10, 2031 for a total estimated cost of $365,000.00; and take appropriate action.]

I MOTION PASSES 6-0.

THIS WOULD TAKE US TO ITEM G4 CONSIDER RESOLUTION 2026-0511-R03 TO COMBINE FOUR SEPARATE CONTRACTS WITH CENTUS CORPORATION NO.

02, DBA CENTUS CORPORATION, UNDER ONE MASTER AGREEMENT, THROUGH MAY 10, 2031, FOR A TOTAL ESTIMATE COST OF $365,000 AND TAKE APPROPRIATE ACTION.

MAGGIE.

HELLO, GOOD EVENING, MAYOR AND COUNCIL.

THIS IS AN ADMINISTRATIVE ACTION.

IT HAS NO DOLLARS ATTACHED.

THE AMOUNT THAT'S LISTED IN THE RESOLUTION IS A PROBABLE COST ESTIMATE OVER THE NEXT FIVE YEARS.

HELLO? BETTER? THANK YOU.

THE ACTION TONIGHT IS JUST ADMINISTRATIVE TO UNIFY FOUR EXISTING CONTRACTS.

CONTRACTS.

IN 2021, PUBLIC WORKS ENTERED INTO A CONTRACT WITH CENTUS.

IN 2022, FACILITIES ENTERED INTO A CONTRACT WITH CENTUS.

IN 2023, FLEET SERVICES WENT INTO A CONTRACT WITH CENTUS.

AND IN 2024, PARKS AND RECREATION WENT INTO A CONTRACT WITH CENTUS.

THE PRICE FOR ALL THE ITEMS THAT ARE BEING PURCHASED IS ON A CATALOG.

THEY'RE THE SAME PRICE, BUT ADMINISTRATIVELY IT'S BURDENSOME FOR ALL THE DIFFERENT INVOICES THAT KEEP COMING IN AND ALL THE DIFFERENT DUE DATES THAT COME IN AND ALL THE DIFFERENT CONTRACT TERMS. SO THE ACTION TONIGHT IS TO UNIFY THEM.

THERE'S NO CHANGE IN PRICE, BUT IT WOULD JUST STREAMLINE OUR ADMINISTRATIVE EFFORTS.

IT'S JUST THE BEST DUE DILIGENCE.

OVER THE LAST FIVE YEARS, WE'VE BEEN SPENDING AN AVERAGE OF $59,000 A YEAR.

AND JUST THE PRICE THAT IS ESTIMATED, IT'S JUST GOING TO BE FOR INFLATION AND WHAT WE'RE ALREADY SPENDING.

BUT REGARDLESS OF WHAT THE AMOUNT IS, IT'S ONLY WHAT WE ACTUALLY SPEND.

AND THE PRICE HAS BEEN COMPETITIVELY SOLICITED.

IT'S ON A COOPERATIVE AGREEMENT THROUGH AMAYA PARTNERS.

FOR EXAMPLE, WORK PANTS FOR LIKE 89, 87 CENTS.

UNTIL YOU TRADE THEM IN, IT'S ANOTHER 87 CENTS.

BUT CUMULATIVELY FOR ALL THE UNIFORMS AND ALL THE MATS AND ALL THE SHOP TOWELS, THAT'S WHAT MAKES THAT VALUE SO LARGE.

AND CONSIDERING INDIVIDUALLY EACH AND EVERY CONTRACT ON AVERAGE IS A LITTLE OVER $10,000, IT'S THE CUMULATIVE AMOUNT FOR TRANSPARENCY AND JUST FOR BETTER ACCOUNTABILITY TO HAVE JUST ONE CONTRACT INSTEAD OF FOUR INDIVIDUAL ONES.

[01:05:03]

ANY QUESTIONS? YES.

SO CURRENTLY IT'S SHOWING 291,373.12.

THE COMBINED CONTRACT IS SHOWING US 365,000. SO FOR CONVENIENCE, IT'S LOOKING LIKE WE'RE PAYING $83,626.88 FOR CONVENIENCE.

CAN YOU BETTER EXPLAIN THAT? SURE.

SO THE AMOUNT THAT'S LISTED OF WHAT WE SPENT OVER THE LAST FIVE YEARS STARTING FROM 2021 AND THEN IT'S JUST A PROBABLE ESTIMATE OF WHAT WE SPENT MULTIPLIED BY 25 PERCENT AS WE GROW, WE GET MORE EMPLOYEES WITH INFLATION.

I DON'T THINK, YOU KNOW, I MEAN, WE JUST LOOK AT THE PRICE OF GAS.

I JUST DON'T THINK THAT WE'RE GOING TO BE CONTINUING TO PAY OVER THE NEXT FIVE YEARS 87 CENTS FOR A PAIR OF PANTS.

IT'S GOING TO GO UP.

NOT DRAMATICALLY, OF COURSE.

IT CAN'T GO MORE UP.

WHAT'S IN THE LIMITED TERMS ESTABLISHED BY OMNIA PARTNERS BUT IT'S PROBABLE AS WE GET MORE EMPLOYEES WE HAVE MORE CONSUMPTION IT'S JUST AN ESTIMATE BUT THAT'S NOT AN ACTUAL FACTUAL WHAT WE'RE GOING TO SPEND IT'S JUST AN ESTIMATE SO ESSENTIALLY THEN YOU'RE SAYING LIKE SAY NOTHING CHANGED ON PRICING AND WHATNOT IT WOULD REMAIN THE 291 373 AND 12 CENTS AND AS WE GOT MORE STAFF MEMBERS OR ADJUSTMENTS, THE MOST YOU'RE LOOKING AT IS THE 365. IS THAT AN ACTUAL CAP AMOUNT AT WHICH POINT YOU WOULD HAVE TO COME BACK TO US AGAIN? OR IS IT AN ESTIMATED KIND OF GHOST NUMBER THAT CAN GO BEYOND THAT WITHOUT COMING BEFORE COUNCIL? IT IS JUST A PROBABLE ESTIMATE OF WHAT WE COULD SPEND, BUT IT WOULD BE CAPPED BASED ON WHAT IS OUR ANNUAL BUDGET.

EVERY YEAR AS THE BUDGET COMES AROUND AND EVERY YEAR WE HAVE INCREMENTAL COSTS, WHETHER IT BE 1%, 2%, WHATEVER THAT IS, THAT'S ESTABLISHED BY OMNIA PARTNERS, THAT WOULD BE OUR COST.

BUT THIS 365 IS GOING TO BE THE CAP BEFORE IT HAS TO COME BACK TO COUNCIL, CORRECT? BECAUSE IF THAT'S THE CASE, THEN IT WOULDN'T MATTER COMING HERE NOW.

YEAH, IT'S JUST AN ANNUAL CONTRACT.

THERE ISN'T A VALUE.

IT'S BASED ON WHAT YOU ACTUALLY SPEND.

AND IT MIGHT BE, LET ME, AND IF I MIGHT HELP.

OKAY, GETTING USED TO THESE MICS.

I THINK ONE THING THAT WOULD HELP KIND OF EXPLAIN AND CLARIFY A LITTLE BIT, THESE ARE UNIT PRICE CONTRACTS.

SO BASICALLY, WHATEVER YOU SPEND IS BASED ON THE NUMBER OF UNITS PER THE UNIT PRICE IN THE CONTRACT.

SO, AGAIN, BASED ON WHAT SHE'S SAYING, YOU SPEND MORE PER UNIT BECAUSE YOU'RE BUYING MORE, OR YOU SPEND MORE BECAUSE YOU'RE BUYING MORE UNITS AS YOU NEED THEM.

THE UNIT PRICE IS GOING TO BE FIXED BASED ON THE CONTRACT, PLUS WHATEVER ESCALATORS THE CONTRACTS ALLOW FOR EVERY YEAR.

THE ULTIMATE CAP IS GOING TO BE WHAT YOU BUDGETED FOR IT.

SO I GUESS THAT LEADS TO MY NEXT QUESTION WOULD BE THEN, IF WE DON'T HAVE SOME KIND OF BOUNDARY OR WHATNOT FOR A CHECK-IN AT LEAST WITH COUNCIL TO LOOK AT THE PRICING AT WHAT POINT DO WE START FLAGGING TO SAY HEY THIS PRICE IS GOING UP MAYBE WE SHOULD BE LOOKING AT OTHER OPTIONS AGAIN TO SEE WHAT THE BEST PRICE IS BECAUSE IF THIS IS AN OPEN-ENDED THING THAT WE JUST KEEP ADDING ON TO AND THEY'RE NOT COMING BACK TO COUNCIL TO SAY HEY SORRY WE'RE NOT 365 WE'RE AT LIKE 450 NOW HOW ARE WE GOING TO KNOW TO GIVE THE DIRECTIVE TO TAKE OUT RFQS OR WHATNOT TO FIND THE BEST COMPANY WITH THE BEST PRICE TO MAXIMIZE THE USE OF OUR TAX DOLLARS? SO ALL OF THESE CONTRACTS ARE ALREADY COMPETITIVELY SOLICITED, AND WE'RE GETTING COMMODITIES OF...

SO IT'S NOT JUST THE CITY OF PRINCETON, IT'S ACTUALLY NATIONWIDE, EVERYONE THAT BUYS FROM CENTUS.

IT'S THE BUYING POWER OF THE COLLECTIVE.

AND THAT IS WHAT HELPS BRING DOWN THAT PRICE.

IT IS LABORIOUS AND COST INTENSIVE TO PUT OUT A SOLICITATION, PUT AN ADDED NOTICE IN THE PAPER, DO OUR OWN BIDS.

SO WHETHER IT BE FOLLOWING THIS COOPERATIVE OR DOING OUR OWN BID, WHICH IS VERY LABORIOUS AND QUITE TIME INTENSIVE, FOR AS OF NOW WE'VE ONLY BEEN AVERAGING ABOUT $59,000 A YEAR.

IN TERMS OF FOR THE FUTURE, AGAIN, IT'S JUST WHATEVER WE SPEND, AND THERE ARE CONTRACT TERMS IN THERE THAT ANY KIND OF PRICE INCREASE WOULD NEVER BE PRICE GOUGING.

IT'S LIMITED TO ONE OF THE THINGS THAT THEY HAVE IS A PRODUCER'S PRICE INDEX, WHICH IS SET BY THE BUREAU OF DEPARTMENT OF LABOR STANDARDS.

THAT'S WHAT INFLATION IS.

[01:10:02]

SO THAT IS ALL CONTRACT ADMINISTRATION DONE BY OUR COOPERATIVE WHERE WE'RE A MEMBER.

AND IT JUST ALLEVIATES STAFF TIME.

I MEAN, BECAUSE THAT IS VERY INTENSIVE AND I'M JUST ONE PERSON.

THERE'S NO OTHER QUESTIONS.

I'LL ENTERTAIN A MOTION AT THIS TIME.

YEAH, I'LL MAKE THAT MOTION TO APPROVE ITEM G4.

I SECOND.

ALL RIGHT, MS. DAVID GRAY, SECOND.

ITEM PASSES 6-0.

NOW THIS WILL TAKE US TO OUR REGULAR AGENDA.

[L1. 2026-118 Discuss and provide direction regarding the Purposeful Partnership Library initiative.]

STARTING WITH ITEM L1.

DISCUSS AND PROVIDE DIRECTION REGARDING THE PURPOSEFUL PARTNERSHIP LIBRARY INITIATIVE.

SO THIS ITEM IS ONE THAT I, THAT CAME TOGETHER OVER THE PAST FEW MONTHS WITH MEETING.

BOYS AND GIRLS CLUB AND THEN SEEING THE NEED IN THE COMMUNITY FOR A LIBRARY AND ACTUALLY SPEAKING WITH MS. TODD AS WELL, WE KIND OF CAME UP WITH WHY DON'T WE PUT EVERYTHING IN ONE AND WE DECIDED THAT HEY I THINK THAT'S A GOOD IDEA AND AFTER MEETING THE BOYS AND GIRLS CLUB.

HEARING THEIR STORY AND HEARING HOW MUCH THAT THEY CONTRIBUTE TO THE COMMUNITY.

I THINK THE PARTNERSHIP AND ONE OF OUR CORE VALUES AS A COUNCIL IS PURPOSEFUL PARTNERSHIP.

I THINK THIS IS ONE OF THOSE CHANCES THAT WE HAVE TO ACTUALLY FORM A PURPOSEFUL PARTNERSHIP THAT IS GREAT FOR THE CITY AND AT THIS TIME I WOULD LIKE FOR THE BOYS AND GIRLS CLUB TO COME AND PRESENT THEIR PRESENTATION FIRST.

MS. ANDERSON, WE'RE GOING TO START WITH THE BOYS AND GIRLS CLUB PRESENTATION FIRST.

GOOD EVENING, MR. MAYOR AND COUNCIL.

THANK YOU SO MUCH FOR HAVING US HERE TONIGHT.

I AM BRANDY LEWIS, THE VICE PRESIDENT OF OPERATIONS FOR BOYS AND GIRLS CLUBS OF COLLIN COUNTY.

I ALSO HAVE HERE WITH ME SEAN WILLS, WHO'S OUR CEO, AND ALSO MR. KAREEM EVANS, WHO IS OUR LONGEST-STANDING EMPLOYEE.

HE'S BEEN WITH US FOR 24 YEARS AS OUR AREA DIRECTOR.

AND SO I'M PLEASED TO BE HERE TONIGHT TO JUST SPEAK WITH YOU AND SHARE A LITTLE BIT ABOUT BOYS AND GIRLS CLUBS OF COLLIN COUNTY.

THANK YOU SO MUCH.

SO BOYS AND GIRLS CLUBS OF COLLIN COUNTY, WE OPERATE 12 SITES ACROSS THE COUNTY WITH A MISSION TO ENABLE ALL YOUTH, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS.

WHAT THAT IN ESSENCE MEANS IS WE SERVE ALL YOUTH AGES 5 TO 18, ENSURING THAT THEY REACH THEIR GREATEST FUTURE POSSIBLE.

AND SO WE HAVE CORE PROGRAMS THAT HELP TO FOSTER THEIR SUCCESS IN SCHOOL AND ALSO TO HELP STIMULATE.

SOCIAL AND EMOTIONAL DEVELOPMENT AND FOR THEM TO BE HEALTHY, HEALTHY BEINGS, HEALTHY ADULTS.

WE'VE BEEN IN EXISTENCE FOR 57 YEARS, STARTED IN MCKINNEY IN 1968, AT THAT TIME IT WAS THE BOYS CLUB, AND FOUNDED IN 1969 WHERE WE STARTED OPENING OUR DOORS AND SERVING THERE.

THEN MOVING ON IN 1988, GIRLS WERE ADDED, AND THEN WE THEN TRANSITIONED ON TO PLANO, FRISCO, AND THEN EXPANDED TO PRINCETON STARTING IN 2021.

WHERE WE ARE CURRENTLY OPERATING OUT OF SEVEN SITES.

I'LL TALK A LITTLE BIT MORE ABOUT THAT A LITTLE BIT LATER.

AND SO WE HAVE SERVED IN 2025 OVER 15,000 AREA YOUTH.

HOW WE SERVE IS OUT OF SCHOOL PROGRAM SERVICES.

SO THAT'S AFTER SCHOOL PROGRAMMING AND ALSO SUMMER PROGRAMMING.

AFTER SCHOOL WE ARE THERE DURING THE SCHOOL YEAR FROM 2 30 TO 7 PM.

KIDS ARE ABLE TO COME IN AND RECEIVE ASSISTANCE WITH HOMEWORK.

REALLY BUILD ON WHAT THEY'VE LEARNED DURING THE SCHOOL DAY AND ALSO ENSURE THAT THEIR ATTENDANCE IS THERE BECAUSE THEY'RE COMING TO BOYS AND GIRLS CLUBS BECAUSE THEY'RE EXCITED TO MAKE SURE THAT THEY CAN BE A PART OF THOSE PROGRAMS THEY'RE COMING TO SCHOOL TO DO THAT.

AGAIN, AS I MENTIONED, WE HAVE 12 CLUB SITES ACROSS THE COUNTY IN FRISCO, PLANO, MCKINNEY, AND PRINCETON.

WE HAVE WHAT WE CALL OUR TRADITIONAL CLUBS, WHICH ARE STANDALONE FACILITIES, AS WELL AS SCHOOL-BASED SITES.

AND WE WE ALSO PICK UP KIDS FROM 40 SCHOOLS ACROSS THE COUNTY, SO WE ARE PROVIDING TRANSPORTATION TO ENSURE THAT THEY CAN HAVE THAT SERVICE TO BE ABLE TO BE PICKED UP FROM SCHOOL.

THEY ARE PAYING $100 PER MONTH PER CHILD, AND WE OFTEN SCHOLARSHIP.

WE DON'T TURN ANY KIDS AWAY, AND THAT'S OUR MOTTO.

WE DON'T WANT TO HAVE ANY BARRIER FROM THEM BEING ABLE TO HAVE ACCESS TO OUR SERVICES.

IN ADDITION, WE HAVE A SUMMER CAMP.

THROUGH THE MONTHS OF JUNE AND JULY, WE'RE OFFERING AN EIGHT-WEEK CAMP FOR 10 HOURS A DAY.

THIS YEAR, OUR CAMP WILL BE FROM JUNE 1ST TO JULY 24TH, AND THAT'S $500 THAT PARENTS CAN PAY FOR THAT FULL EIGHT-WEEK CAMP.

SO THAT'S 38 DAYS OF THEM BEING ABLE TO BE THERE FOR THAT SERVICE.

AND AGAIN, BECAUSE OF OUR FUNDING INITIATIVES WHERE WE ARE WRITING GRANTS, WE'RE RECEIVING CONTRIBUTIONS FROM INDIVIDUAL AND CORPORATE

[01:15:01]

DONORS, WE'RE ABLE TO ENSURE THAT WE CAN PROVIDE THAT SERVICE TO KIDS.

LAST YEAR WE SERVED OVER 15,000 YOUTH AS I MENTIONED, SERVED ALMOST 150,000 MEALS AND COMPLETED ALMOST 80,000 HOMEWORK HOURS.

WE'RE REALLY PROUD OF THAT BECAUSE WE WANT TO ENSURE THAT KIDS WHO ARE COMING INTO OUR SERVICES BUILD ON THEIR STRENGTHS AND SO WE HAVE A LOT OF KIDS WHO NEED ADDITIONAL SUPPORTS TO HELP THEM STAY ON TARGET ESPECIALLY IN READING AND MATH AND WE PARTNER WITH SYLVAN LEARNING CENTER TO PROVIDE A TUTORING PROGRAM FOR THEM.

SO OUR CORE PROGRAM AREAS IN ESSENCE ARE AROUND THESE FIVE AREAS.

WE'VE ALSO ADDED A NEW KIND OF A WORKFORCE INITIATIVE, WHICH WOULD BE OUR SIXTH.

SO EDUCATION, THE ARTS, HEALTH AND WELLNESS, LEADERSHIP AND SERVICE, AND SPORTS AND RECREATION.

OUR PRIORITY OUTCOMES, WHICH ARE THE THREE AREAS WE REALLY WANT TO ENSURE THAT OUR KIDS ARE BEING SUCCESSFUL.

WE WANT THEM TO BE ACADEMICALLY SUCCESSFUL.

WE WANT THEM TO HAVE GOOD CHARACTER AND CITIZENSHIP, WHICH IS REALLY A HUGE PIECE IN TERMS OF WHAT WE DO WITH BOYS AND GIRLS CLUBS.

AND ALSO HAVE HEALTHY LIFESTYLES.

OUR RESULTS ARE 100% OF OUR MEMBERS ARE PROMOTED TO THE NEXT GRADE LEVEL.

100% OF OUR MEMBERS GRADUATE AND GO TO COLLEGE OR TRADE SCHOOL OR THE MILITARY ON TIME.

AND YOU CAN SEE THE STATE AVERAGE FOR THOSE.

SO WE'RE REALLY PROUD OF THOSE STATS.

90% OF OUR TEAMS CAN LEAD TEAM PROJECTS.

THEY COMMIT SERVICE HOURS.

WE'RE GETTING THEM TYPICALLY ENGAGED AND ENSURING THAT THEY CAN BE A PART OF THE COMMUNITY.

AND ZERO OF OUR CLUB MEMBERS ARE IN THE JUVENILE JUSTICE SYSTEM.

IN ADDITION, WE ENSURE THAT 85% OF OUR CLUB MEMBERS ARE EXPOSED DAILY TO PHYSICAL ACTIVITY AND ENSURING THAT THEY PARTICIPATE IN WEEKLY HEALTHY HABITS PROGRAMMING.

SO JUST A LITTLE BIT ABOUT WHO WE SERVE AND WHERE WE SERVE.

FRISCO, WE SERVE 1,800 YOUTH LAST YEAR IN 2025, JUST A LITTLE BIT OF THE STATS THAT YOU'LL SEE IN TERMS OF THOSE.

AND THOSE ARE ALL, THESE ARE A SUBSET OF THAT 15,000 THAT I MENTIONED THAT WE SERVE.

AND THEN THIS IS MCKINNEY, 02,500 YOUTH THAT WE'RE SERVING IN MCKINNEY.

SOMETHING TO NOTE ABOUT MCKINNEY IS A LOT OF OUR PRINCETON YOUTH ARE SERVED IN MCKINNEY BECAUSE WE DON'T CURRENTLY HAVE A SERVICE TO PROVIDE FOR OUR HIGH SCHOOL AGE KIDS.

AND SO MCKINNEY, BECAUSE IT'S NEXT DOOR, DOES PROVIDE TRANSPORTATION AND OFFERS SOME SUPPORT TO HELP OUR PRINCETON KIDS.

PLANO, WE SERVED 2,600 YOUTH LAST YEAR AND 20,000 HOMEWORK HOURS COMPLETED AND YOU'LL SEE SIMILARITIES HERE.

ONE UNIQUE PIECE ABOUT PLANO IS THAT WE ALSO HAVE A COLLABORATION WITH THE CITY OF PLANO AND SO WE ARE OPERATING OUT OF THE DOUGLAS CENTER COMMUNITY.

FACILITY AND WHAT THAT MEANS IS IN ESSENCE IS WE ARE THERE WE HAVE FULL ACCESS TO THAT FACILITY WE ARE USING THAT SPACE IN AN AGREEMENT WITH THE CITY OF PLANO IT'S BASICALLY A DOLLAR BASICALLY PER YEAR AND WE HAVE AN AGREEMENT WITH THEM WHERE WE OPERATE DURING THE DAY ADMINISTRATIVELY WE ARE THERE WITH OUR STAFF AND WE ALSO OPEN THE FACILITY TO THE COMMUNITY SO THEY CAN COME IN AND USE THE GYM SPACE FOR RECREATIONAL PURPOSES FOR ANY COMMUNITY NEEDS THAT THEY MAY HAVE AND THEN FROM THE HOURS OF 2 TO 7 DURING THE SCHOOL YEAR, THEN WE'RE OPERATING OUR AFTER-SCHOOL PROGRAM.

AND THEN DURING THE SUMMER, WE OFTEN HAVE OUR SUMMER CAMP PROGRAM THAT'S HAPPENING THERE AS WELL.

IN ADDITION, WE ARE THERE ON SATURDAY TO OPEN FOR COMMUNITY HOURS, AND SO WE PROVIDE THE STAFF THAT THEN SUPPORT THOSE SERVICES TO MAKE SURE THAT THE COMMUNITY CAN COME IN.

OFTENTIMES THERE IS NO CHARGE FOR THEM TO USE THAT FACILITY.

THAT'S A PART OF THE AGREEMENT THAT WE HAVE WITH THE CITY OF PLANO IS JUST ENSURING THAT THE COMMUNITY CAN COME IN AND STILL UTILIZE THAT SPACE.

SO THIS IS KIND OF JUST AN OVERVIEW.

WE'VE BEEN IN THIS AGREEMENT WITH THEM SINCE 2010.

WE HAVE PRIMARY USE OF THAT FACILITY, AS I MENTIONED.

THE MANDATORY COMMUNITY HOURS, YOU CAN SEE THE HOURS ARE LISTED THERE.

AND THEN WE ALSO OFFER COMMUNITY DISCOUNTS FOR YOUTH RESIDING IN THAT IMMEDIATE NEIGHBORING AREA.

I MENTIONED TO YOU EARLIER THAT WE HAVE SCHOLARSHIP THAT WE PROVIDE.

WE ESPECIALLY HAVE A SPECIAL SCHOLARSHIP, WHICH WE CALL A COMMUNITY RATE, FOR CITY OF PLANO, WHERE OFTENTIMES ALL THEY HAVE TO DO IS GIVE US THEIR ADDRESS.

AND WE DON'T CHARGE ANYTHING TO THEM BECAUSE WE WANT TO ENSURE THAT THE IMMEDIATE COMMUNITY HAS ACCESS TO THAT FACILITY IN THAT SPACE.

CITY OF PLANO IS RESPONSIBLE FOR THE FACILITY AND MAINTENANCE AND UPKEEP OF THAT BUILDING, BUT WE ARE RESPONSIBLE FOR KEY UTILITY COSTS BECAUSE WE HAVE THE SOLE USE OF THAT BUILDING.

AND THEN PRINCETON, CERTAINLY NOT LAST AT ALL AND NOT LEAST.

PRINCETON, AS I MENTIONED, WE ARE SERVING EIGHT ELEMENTARY SCHOOLS, ALL EIGHT SCHOOLS WE ARE SERVING.

FOUR OF WHICH WE HAVE STATIONED STAFF THAT ARE THERE OPERATING OUR AFTER-SCHOOL PROGRAM, BUT WE'RE ALSO SERVING THE OTHER FOUR AS FEEDER SCHOOLS.

PRINCETON ISD IS A FANTASTIC PARTNER FOR US, AND SO AS THEY COMMIT TO GROWING, WE GROW WITH THEM.

AND SO WE'VE ALSO THEN EXPANDED TO SERVING OUT OF THE THREE MIDDLE SCHOOLS WITH SOUTHERN CLARK AND MATÉ MOST RECENTLY.

AS YOU'LL NOTICE THE NUMBERS I SHOWED YOU EARLIER, PRINCETON IS THE LARGEST LION'S SHARE

[01:20:01]

OF WHO WE'RE SERVING IN COLLIN COUNTY.

AND THAT DOES NOT GO UNNOTICED FOR US.

WE REALLY TAKE PRIDE IN THE RELATIONSHIP THAT WE'VE BUILT SINCE 2021 AND AGAIN WITHOUT THE SUPPORT OF THE SCHOOL DISTRICT WE WOULD NOT BE ABLE TO DO THAT.

AND SO THIS IS REALLY HELPING US TO ENSURE THAT WE'RE SERVING MORE COLLIN COUNTY YOUTH.

BUT AGAIN, THE NUMBERS REALLY ARE IMPRESSIVE IN TERMS OF SEEING HOW MANY KIDS WE SERVE IN PRINCETON.

AND I MENTIONED TO YOU ABOUT OUR PARTNERSHIP AND OUR COMMITMENT TO GROWING AS THE CITY OF PRINCETON GROWS AND AS OUR SCHOOLS HAVE TO GROW.

OF COURSE, AS MORE MEMBERS, RESIDENTS MOVE IN, YOU'LL HAVE MORE KIDS THAT ARE HERE.

AND SO WE ALSO ARE GROWING WITH THE SCHOOL DISTRICT, AS I MENTIONED, WHERE WE WILL OPEN CARROLL ELEMENTARY.

WE'LL HAVE A SCHOOL SITE THERE IN THE FALL AND ALSO BONSCHBACH MIDDLE SCHOOL WILL BE OPENING IN THE FALL, AS WELL AS YOU'LL SEE THE TWO SCHOOLS THAT ARE SCHEDULED TO BE OPENED IN 2027.

SO THAT'S ALREADY A PART OF OUR, YOU KNOW, LONG-RANGE PLANNING THAT WE'VE BEEN PUTTING IN FOR THE PAST FEW YEARS.

AND THEN A TRADITIONAL BRANCH, WHICH IS WHERE THIS WOULD FIT.

SOMETHING LIKE THIS WHERE WE CAN OFFER SUPPORT TO SERVE PRINCETON IN A NEW WAY.

AS I MENTIONED, FRISCO, MCKINNEY, PLANO, WE HAVE STANDALONE FACILITIES WHERE WE'RE ABLE TO OFFER YOUTH SERVICES FROM AGES 5 TO 18.

CURRENTLY, WHERE WE'RE SERVING FOR PRINCETON IS ELEMENTARY AND MIDDLE SCHOOL AGE KIDS.

ELEMENTARY HAVE NO PROBLEM.

IT'S A CAPTIVE AUDIENCE.

KIDS ARE THERE.

PARENTS NEED SUPPORT.

MIDDLE SCHOOL, OUR NUMBERS ARE DWINDLING A BIT.

IT'S HARD TO ENGAGE MIDDLE SCHOOL KIDS, SO WE HAVE TO BE REALLY INNOVATIVE.

BUT IT'S HARD TO ENGAGE THEM IN THE SCHOOL ENVIRONMENT AS WELL.

AND WE ALSO KNOW THAT WE DON'T HAVE HIGH SCHOOL AGE KIDS THAT ARE RECEIVING SUPPORT.

AND SO THIS WOULD BE AN OPPORTUNITY FOR US TO THINK ABOUT SERVING ALL YOUTH THROUGH AGES 5 TO 18, BUT SPECIFICALLY FOCUSING ON THOSE TEENS AND PRETEENS THAT WE'RE NOT CURRENTLY REALLY SERVING THE WAY THAT WE WOULD LOVE TO.

THESE ARE KIND OF JUST THE CORE AREAS THAT TALKS A LITTLE BIT ABOUT WHAT WE'VE DONE.

I'LL JUST SLIDE THROUGH THESE.

I KNOW THAT YOU HAVE THE SLIDES IN TERMS OF THE SERVICES, BUT THIS IS JUST AN OVERVIEW OF ALL THE PROGRAMS THAT WE DO.

WE, BEING A PART OF BOYS AND GIRLS CLUBS, AS YOU'LL SEE ACROSS THE COUNTRY, ACROSS THE WORLD, PROVIDE ALL THESE SERVICES TO ENSURE THAT OUR KIDS ARE HEALTHY AND HAVE WHAT THEY NEED.

BY 2030, WE WANT TO TARGET TO SERVE 30,000 YOUTH IN COLLIN COUNTY.

AND YOU HEARD ME SAY THAT WE'RE SERVING 15,000 CURRENTLY.

AND SO WE WANT TO ENSURE THAT WE HAVE THE OPPORTUNITY TO SERVE MORE YOUTH.

THIS IS A PART OF OUR PLAN TO EXPAND AND TO GROW AND TO SERVE MORE KIDS IN ANY WAY WE POSSIBLY CAN.

WHY NOW? THERE'S A COMMUNITY NEED AND A STRATEGIC FIT.

PRINCETON IS GROWING, AND YOU ALL REALIZE THAT, RIGHT? THESE ARE THINGS THAT YOU'RE FACING EVERY DAY.

WE WANT TO ENSURE THAT OUR KIDS HAVE A SAFE, AFFORDABLE OPTION TO HAVE SERVICES THERE.

THERE ARE GAPS IN AFTER-SCHOOL PROGRAMMING, DIGITAL ACCESS, LIFELONG LEARNING OPPORTUNITIES.

WE WANT TO STAY ALIGNED WITH PRINCETON ISD, AND WE ENSURE PRINCETON ISD THAT WE WILL CONTINUE TO PARTNER WITH THEM.

AS WE HAVE MORE YOUTH THAT WE'D LIKE TO SERVE, WE KNOW THIS WOULD BE A WAY TO CAPTURE MORE YOUTH THAT WE CAN SERVE THROUGHOUT THE CITY.

THIS ALSO WILL HELP US, AS I MENTIONED, TO PROGRAM FOR OLDER YOUTH AND TEENS.

AND OVERALL, IN TERMS OF WHAT WE'RE DOING WITH OUR YOUTH, WE WANT TO ENSURE THAT THEY GROW UP TO BE THE BEST CITIZENS POSSIBLE.

THIS IS A WAY FOR US TO HELP TO INSULATE THEM AND GIVE THAT SUPPORT.

THE RETURN ON INVESTMENT, RIGHT? THAT'S ALWAYS THE QUESTION EVERYONE'S GOING TO ASK.

WHAT DOES THIS MEAN FOR US? WHAT IS THIS GOING TO DO FOR US AND WHY BOYS AND GIRLS CLUBS? THERE'S A STUDY THROUGH THE AMERICAN JOURNAL OF PREVENTATIVE MEDICINE THAT SHOWED THAT BOYS AND GIRLS CLUB WAS IDENTIFIED AS THE BEST COMMUNITY-BASED SERVICE THAT COULD ASSIST YOUTH AND FAMILIES BY PROVIDING A SAFE SPACE TO HELP COMMUNITY MEMBERS LEARN NEW SKILLS, HABITS, ADDRESS TRUANCY, AND EDUCATION LOSS, ALL WHILE FOSTERING A COALITION THAT CULTIVATES PARENTAL INVOLVEMENT AND PROMOTION OF POSITIVE AND HEALTHY LIFESTYLES.

I KNOW YOU CAN READ THAT, BUT I WANTED TO READ IT BECAUSE IT'S REALLY IMPORTANT FOR US TO HIGHLIGHT.

AND SO I COULD TALK ABOUT BOYS AND GIRLS CLUBS ALL DAY LONG.

YOU HAVE AN AGENDA, RIGHT, THAT YOU HAVE TO KEEP.

SO I WILL END THERE AND ENTERTAIN ANY QUESTIONS IF YOU HAVE.

I JUST WANT TO SAY, WORKING IN PLANO ISD, I HAVE MANY STUDENTS WHO HAVE GONE THROUGH BOYS AND GIRLS CLUBS, AND THE OPPORTUNITY THAT YOU PROVIDE IS INCREDIBLE.

I'VE SEEN STUDENTS WHO HAVE A WEAK BACKGROUND AND NEEDING SOME KIND OF EXTRA SUPPORT THERE AND WATCHING THE CHANGE IN THEM FROM HAVING VERY UNSTABLE AFTER-SCHOOL HOME LIFE TO HAVING A STABLE AFTER-SCHOOL LOCATION IS ABSOLUTELY LIKE LIFE-CHANGING AND SO I AM SO EXCITED TO BE ABLE TO EXPAND WHAT YOU ALREADY OFFER HERE.

IN PRINCETON AND TO HAVE AN OPPORTUNITY TO LOOK AT THAT BECAUSE IT WILL BE SO BENEFICIAL TO EVERYONE HERE.

[01:25:01]

I LIKE THE IDEA OF IT BEING JOINED WITH THE LIBRARY BECAUSE WHAT THAT DOES IS GIVES THE HIGH SCHOOL KIDS AND GIVE US AN OPPORTUNITY TO DRIVE TRAFFIC TO THE LIBRARY.

I'D LIKE TO ECHO THAT.

I GUESS I KNOW I'M BIASED.

I'M A PARENT OF A CHILD THAT ATTENDED THE BOYS AND GIRLS CLUB AND TOOK ADVANTAGE OF A LOT OF THE OPPORTUNITIES AND ONE OF THE MOST RECENT OPPORTUNITIES MY DAUGHTER'S GRADUATING THIS YEAR YOU GUYS WERE YOU GUYS DO ANNUALLY A COLLEGE TRIP WHERE YOU TAKE THESE SENIORS AND THEY GO AND TOUR THESE UNIVERSITIES.

WHICH IN MOST CASES THEY DON'T GET THESE OPPORTUNITIES TO DO SO, WITH ALSO HELPING WITH SCHOLARSHIP WRITING AND ALL THAT.

MY DAUGHTER PARTICIPATED IN ALL OF IT.

SO I'M A PERSONAL RECIPIENT OF THE BENEFITS THAT COME FROM BOYS AND GIRLS CLUB AND UNDERSTANDING WHAT THAT DOES FOR OUR HIGH SCHOOL STUDENTS ALONE AS WELL.

SO I AM IN FULL SUPPORT OF THIS, AND I'M EXTREMELY HAPPY THAT IT SEEMS TO BE COMING TOGETHER A LITTLE CLOSER TO THAT.

AND AS A CHILD WHO ATTENDED BOYS AND GIRLS CLUB, WELL, IT WAS BOYS CLUB WHERE I WAS GOING.

IT WAS ONLY BOYS CLUB, BUT THAT'S WHERE I LEARNED HOW TO DO MY PHOTOGRAPHY.

THAT'S WHERE I LEARNED HOW TO SWIM.

THAT'S WHERE MY DENTIST WAS.

THEY PROVIDED SERVICES THAT I WOULD HAVE NEVER, NEVER HAD.

I WOULD HAVE NEVER KNOWN HOW TO SWIM NOW IF IT WASN'T FOR THE BOYS CLUB.

SO IN LIVING IN NEW YORK, THAT WAS KIND OF THE SAFE PLACE THAT WE COULD GO.

I DIDN'T GROW UP IN A GOOD NEIGHBORHOOD.

THAT WAS MY HOME.

THAT WAS WHERE I WENT EVERY DAY.

SO FOR THIS PROGRAM, IT TOUCHES ME.

I APPRECIATE YOU GUYS FOR BEING HERE.

AND I THINK THAT.

THE MOST IMPORTANT THING IN PRINCETON THAT WE CAN DO IS INVEST IN OUR YOUTH.

I THINK THAT IF WE WANT TO CHANGE PRINCETON, WE INVEST IN THE YOUTH BECAUSE WE AS ADULTS, WE'RE NOT GOING TO CHANGE UNFORTUNATELY, BUT WE CAN CHANGE THE LIVES OF THE YOUTH.

AND I'M A PRODUCT OF WHEN I SEE BETTER THINGS, I GO BETTER.

AND YOU GUYS HAVE BEEN, HAVE HELPED ME GET TO WHERE I'M AT NOW.

SO I WANT TO APPRECIATE THAT THIS PROGRAM I FULLY SUPPORT.

IF THERE'S NO MORE QUESTIONS, THEN WE'RE GOING TO TURN INTO HOW WE CAN MAKE THIS HAPPEN, AND THAT WILL BE WITH AMERICA'S HOLDING.

THANK YOU, MAYOR, COUNCIL.

MY NAME IS THOMAS MOUTON, AND I AM REPRESENTING AMERICA'S HOLDEN.

WE ARE A PREMIER REAL ESTATE DEVELOPMENT COMPANY THAT SPECIALIZES IN PUBLIC-PRIVATE PARTNERSHIPS.

HOPEFULLY BY THE END OF THIS PRESENTATION, YOU GUYS CAN SEE THE BENEFITS OF AMERICA'S HOLDEN PARTNERING WITH THE CITY OF PRINCETON TO DELIVER THE LIBRARY AND BOYS AND GIRLS CLUB FASTER, MORE EFFICIENT, AND CHEAPER THAN YOU COULD GOING THROUGH THE PRIMARY.

PROCUREMENT PROCESS.

I HAVE MY TEAM HERE WITH ME FOR THE RIGHT.

I HAVE CRAIG CUNNINGHAM, WHO IS THE VICE PRESIDENT OF FINANCE, HAS OVER 25 YEARS OF PUBLIC BANKING, PRIVATE BANKING AS WELL, AND HAS FINANCED NUMEROUS P3 DEALS ACROSS THE COUNTRY.

I HAVE JASON OWEK HERE, WHO IS THE VICE PRESIDENT OF MARKETING AND GOVERNMENT AFFAIRS.

ALSO SERVE AS THE COUNTY COMMISSIONER FOR MONTGOMERY COUNTY OVERSEEING THE KEVIN BRADY LIBRARY.

WE HAVE NATHAN WATKINS HERE WHO'S GOING TO COME UP AND GIVE YOU GUYS A ROAD MAP ON HOW DO WE GET HERE.

THANK YOU, THOMAS.

I WAS TRYING TO PAY ATTENTION SO I COULD WORK THE SLIDE HERE.

MY NAME IS NATHAN WATKINS.

I FOUND MY WAY TO LOCAL GOVERNMENT AFTER I SERVED IN THE NAVY.

I SERVED 12 YEARS IN LOCAL GOVERNMENT IN A SMALL COMMUNITY OUTSIDE OF THE CITY OF HOUSTON.

I FINISHED UP THERE AS CITY MANAGER BEFORE JOINING AMERICAS, WHERE I'M A PRINCIPAL NOW IN THAT FIRM.

SO I HAD THE GOOD FORTUNE OF CONTINUING TO WORK WITH CITIES AND COUNTIES AND HIGHER ED IN DELIVERING PUBLIC INFRASTRUCTURE PROJECTS.

THIS IS OBVIOUSLY A GREAT PROJECT.

I FEEL LIKE I'VE GOT BIG SHOES TO FILL AFTER THAT GREAT PRESENTATION.

IT WAS A TREMENDOUS SUCCESS STORY AND A PROVEN PARTNER IN COLLIN COUNTY ALREADY WITH THE CITY OF PRINCETON AND OTHER CITIES HERE IN THE COUNTY.

BUT THIS WILL BE A COMBINED FACILITY, COMBINING A PUBLIC LIBRARY WITH A BOYS AND GIRLS CLUB COMMUNITY CENTER.

AND LET'S SEE, LET ME GO TO THE NEXT SLIDE.

AMERICA'S HOLDINGS, AS YOU HEARD THOMAS SAY, WE'RE A PUBLIC-PRIVATE PARTNERSHIP.

THAT CAN MEAN A LOT OF DIFFERENT THINGS.

ALL IN ONE.

A LOT OF PEOPLE HAVE HEARD MAYBE A PUBLIC-PRIVATE PARTNERSHIP WITH AN ECONOMIC DEVELOPMENT COMPONENT TO IT, A REVENUE GENERATION COMPONENT, OR JUST A PROJECT THAT IS SOLELY DEDICATED AND OWNED BY A CITY OR COUNTY GOVERNMENT OR HIGHER EDUCATION.

WE'VE DONE ALL OF THOSE.

HERE IT WOULD BE A SOCIAL INFRASTRUCTURE PROJECT OWNED BY THE CITY AND PARTNERED WITH THE BOYS AND GIRLS CLUB TO GO OUT AND BUILD A COMMUNITY CENTER AND LIBRARY.

THE BENEFITS OF A

[01:30:04]

PUBLIC-PRIVATE PARTNERSHIP IS IT'S A SINGLE POINT OF CONTACT FOR THE CITIES, AND IT'S A TURNKEY SOLUTION.

BUT WHAT I LIKE TO SAY IS, ESPECIALLY WHENEVER I WAS WORKING IN LOCAL GOVERNMENT, WE ALWAYS HEARD THAT GOVERNMENT SHOULD ACT MORE LIKE BUSINESS OR BE MORE BUSINESS-MINDED.

WELL, THAT'S THE DEFINITION OF A PUBLIC-PRIVATE PARTNERSHIP.

IT'S WHERE YOU TAKE LOCAL NEEDS AND KNOWLEDGE, YOU PARTNER WITH A PRIVATE ENTITY, AND YOU GO OUT AND EXECUTE A PROJECT.

WHAT WE DO IS WE BRING THE ARCHITECT, THE CONTRACTOR, THE ENGINEERS, THE GEOTECH, THE SURVEY, ALL OF THEM ARE ALL UNDER ONE UMBRELLA.

SO WHENEVER THINGS ARE GOING GOOD, YOU KNOW WHO TO CONGRATULATE.

YOU GET TO POINT YOUR HAND AT US, AND WHEN THINGS ARE NOT GOING SO GREAT AND YOU'VE GOT QUESTIONS, YOU'VE GOT A SINGLE POINT OF CONTACT TO COME UP HERE TO THE PODIUM AND ANSWER QUESTIONS.

WHAT THAT MEANS IS WE'RE ABLE TO STREAMLINE THE PROCUREMENT PROCESS.

WE LIKE TO GET IN AND GO TO WORK FOR A CITY AND BRING YOU A GUARANTEED MAXIMUM PRICE WITHIN FOUR TO SIX MONTHS AND IF YOU ACCEPT THAT GUARANTEED MAXIMUM PRICE YOU'RE LOCKED IN AND THERE IS NO PRICE ESCALATION AFTER THAT POINT.

WE ASSUME ALL THE RISK TO GET THE DESIGN FROM 60% WHERE WE'RE GOING TO PRICE IT UP TO 100% AND THEN ANY CONSTRUCTION COST ESCALATIONS OR THINGS THAT GET MISSED DURING THE BIDDING PROCESS OR DURING THE DESIGN PROCESS, WE'RE AT RISK AND HAVE TO ABSORB THAT COST.

AND WE'RE TYPICALLY ABLE TO DELIVER PROJECTS 12 TO 18 MONTHS SOONER THAN THE STANDARD DESIGN-BID-BUILD PROCESS THAT I'M SURE YOU'RE ENGAGED ON BECAUSE YOU'VE GOT A LOT OF GREAT PROJECTS HERE.

ONE OF THE THINGS THAT I USED TO ALWAYS GET ASKED WHENEVER I WAS CITY MANAGER, MY COUNCIL WOULD COME TO ME, WE'D INITIATE A NEW PROJECT LIKE THIS OR SOME OF THESE OTHER ONES YOU'VE GOT GOING ON, AND THEY'D SAY, I JUST HOPE THIS GETS DONE BY THE TIME I'M STILL IN OFFICE.

AND THERE'S NO FASTER WAY TO DELIVER PROJECTS AND GET THINGS DONE THAN THROUGH A PUBLIC-PRIVATE PARTNERSHIP.

THE TRADITIONAL DELIVERY, WHICH I'VE TALKED ABOUT, IS YOU GO OUT AND YOU PROCURE AN ARCHITECT FOR A PROJECT.

THEY GO AND THEY START DESIGN.

THAT DESIGN, DEPENDING ON THE COMPLEXITY OF THE PROJECT AND THE FEEDBACK AND SPEED AT WHICH THEY'RE ABLE TO GET FEEDBACK AND MAKE CHANGES, CAN TAKE 12 TO 18 MONTHS.

THEN YOU GO OUT AND YOU BID THE PROJECT.

YOU FIND OUT THE PROJECT COSTS A LITTLE BIT MORE THAN YOU INITIALLY THOUGHT IT WAS GOING TO COST.

SO YOU GO THROUGH A VALUE ENGINEERING PHASE.

THEN YOU GO THROUGH A CONTRACTING PHASE.

AND AT SOME POINT, YOU KNOW, 18 TO 20 MONTHS, MAYBE LONGER DOWN THE ROAD, YOU START CONSTRUCTION.

AND THEN YOU'RE IN CONSTRUCTION FOR 18 TO 24 MONTHS.

AND FOUR OR FIVE YEARS LATER, YOU'RE MOVING INTO A PROJECT.

AS I SAID, YOU KNOW, EARLIER, WE START DESIGNING IN FOUR MONTHS.

FOUR TO SIX MONTHS, WE'RE GOING TO BRING IN A PRICE.

AND THEN WE'RE GOING TO BE TURNING DIRT WITHIN SIX MONTHS ON THAT PROJECT AND MOVING FORWARD.

AND THE REASON WHY WE DO THAT IS BECAUSE WE'RE AT RISK.

WE'RE ASSUMING THE RISK AND WE'RE ON THE HOOK FOR ANY CONSTRUCTION COST ESCALATION.

SO WE HAVE TO GET IN AND WE HAVE TO GET GOING.

YOU KNOW, WHY CONSTRUCTION COST ESCALATION IS A REAL THING FOR CITIES AND COUNTIES IS BECAUSE OF THE LONG DESIGN PERIOD TIME FRAMES.

AND THAT COST, THAT COMES WITH A COST.

I MEAN EVERY YEAR WE KNOW WHAT CONSTRUCTION COSTS, WE MAP IT OUT ON THE TURNER INDEX AND YOU CAN APPLY THE PERCENTAGE TO THAT AND THAT'S HOW MUCH YOUR CONSTRUCTION COST IS GOING TO GO UP AS LONG AS YOU'RE IN DESIGN.

AND THEN THE OTHER THING THAT CITIES ARE FACED WITH IS CHANGE ORDERS.

YOU KNOW I FACE THEM WHENEVER I WORK FOR A CITY.

I'M SURE WITH ALL OF THIS BEAUTIFUL FACILITY YOU GOT HERE YOU HAVE CHANGE ORDERS.

IN THE SCENARIO OF A PUBLIC-PRIVATE PARTNERSHIP THERE ARE NO CHANGE ORDERS BECAUSE WE ASSUME ALL THE RISK AND YOUR GUARANTEED MAXIMUM PRICE HAS BEEN LOCKED IN.

THE ONLY TIME YOU WILL SEE A CHANGE ORDER IS IF THE CITY INITIATES A SCOPE CHANGE AND SAYS, HEY, WE WANT TO CHANGE SOME OF THE PROGRAMMING.

THAT MAY FACILITATE A CHANGE ORDER.

I'VE COVERED MOST OF THIS HERE, BUT THIS IS OUR P3 DELIVERY.

IT'S A BUNDLE PROCUREMENT PROCESS JUST TO SIMPLIFY IT, AND IT'S ACCELERATED DELIVERY.

AS MUCH AS IT IS A FINANCING TOOL TO GO OUT AND DELIVER PROJECTS.

A HUGE THING IS TRANSFERRING THE RISK FROM THE PUBLIC SECTOR BACK TO THE PRIVATE SECTOR.

IT'S DE-RISKING YOUR TAXPAYERS AND YOUR TAX DOLLARS.

BUT ONE OF THE THINGS I DO WANT TO MENTION TOO IS WHEN IT COMES TO THE FINANCING PIECE OF THE PROJECT IS THAT YOU CAN USE ANY AVAILABLE RESOURCE.

IT'S A LEASE PURCHASE FINANCING PROGRAM, BUT YOU CAN USE ANY AVAILABLE REVENUE OUTSIDE OF YOUR INS.

SIDE OF YOUR TAX RATE TO SATISFY THAT LEASE PAYMENT.

BUT WHAT THAT DOES IS IT PRESERVES YOUR CAPACITY FOR COS AND GOS AND BONDS FOR PROJECTS THAT YOU ALREADY HAVE PROGRAMMED OR MAYBE CRITICAL INFRASTRUCTURE, PUBLIC SAFETY, WATER, SEWER THAT YOU KNOW YOU'VE GOT TO GO OUT AND DO.

THIS ALLOWS YOU TO GO OUT AND BUILD THIS PROJECT WITHOUT IMPACTING THOSE PROJECTS.

FINANCE AND DELIVERY, COVERED MOST OF THAT THROUGH

[01:35:01]

EVERYTHING I'VE ALREADY SAID HERE.

AND LET'S SEE WHAT WE GOT.

YOU KNOW, THIS IS SOMETHING THAT WE'VE BEEN DOING FOR A LONG TIME AT AMERICAS.

WE'VE DELIVERED, AND I'LL SHOW YOU SOME OF THESE PROJECTS WE'RE DOING.

WE DELIVERED A 10,000-SEAT ARENA FOR FORT BEND COUNTY.

IT WAS A TREMENDOUS SUCCESS STORY TO THE BENEFIT OF FORT BEND COUNTY.

WE DELIVERED A GUARANTEED MAXIMUM PRICE TO THEM IN FEBRUARY OF 2020.

WE ALL KNOW WHAT HAPPENED IN MARCH OF 2020, COVID HIT.

WE WERE VERY CONCERNED WHETHER OR NOT WE WERE GOING TO BE ABLE TO MAINTAIN THAT GMP.

AND HAPPY TO SAY THAT WE WERE ABLE TO DELIVER IT FOR THE GUARANTEED MAXIMUM PRICE WITH NO CONSTRUCTION DELAYS DURING THE ENTIRE PROCESS OF COVID.

SO IF THERE'S EVER BEEN A PROVEN DELIVERY MODEL, THAT PROVES THAT WE CAN GO OUT AND MAKE IT HAPPEN.

WE ARE JUST FINISHING UP A FORT BEND TRAINING FACILITY FOR FORT BEND RIGHT NOW, AS WELL AS A JAIL AND JUSTICE CENTER IN CHAMBERS COUNTY.

AND THEN, AS THOMAS MENTIONED, OUR FIRM HAS EXPERIENCE WITH THE LIBRARY AND COMMUNITY CENTER.

IT'S KEVIN BRADY, WHICH OPENED UP JUST THIS PAST YEAR.

TREMENDOUS PROJECT.

AND THEN ALSO MORE LIBRARY EXPERIENCE HERE IN MONT BELLEVUE.

AND THAT'S A LITTLE BIT ABOUT AMERICA'S HOLDINGS.

HAPPY TO ANSWER ANY QUESTIONS ABOUT PUBLIC-PRIVATE PARTNERSHIPS.

BUNDLE PROCUREMENT, ACCELERATED DELIVERY, OR THE FINANCING MODEL.

WE'VE GOT OUR WHOLE TEAM HERE TONIGHT TO ANSWER ANY QUESTIONS THAT I MAY NOT BE ABLE TO GET TO.

YEAH, AND I GUESS, WHAT'S GOING TO BE THE INITIAL UPFRONT COSTS ON THIS PROJECT JUST TO GET US GOING? YEAH, THAT'S A GOOD QUESTION, MAYOR.

SO TYPICALLY HOW WE ENGAGE WITH A CLIENT IS THROUGH AN INTERIM SERVICES AGREEMENT OR A PROFESSIONAL OR A PRE-DEVELOPMENT SERVICES AGREEMENT.

AND ALL OF THOSE COSTS ARE THIRD-PARTY COSTS.

IT WOULD TAKE...

OUR FIRM TO GET TO A POINT WHERE WE COULD DELIVER A GUARANTEED MAXIMUM PRICE.

WE DON'T CHARGE FOR ANY OF OUR TIME, AMERICA'S HOLDINGS TIME, DURING THAT PURSUIT PHASE.

SO WE WOULD ENGAGE AN ARCHITECT, AN ENGINEERING COMPANY, SURVEY GEOTECH, WHATEVER IT WOULD TAKE TO GET THE GUARANTEED MAXIMUM PRICE.

AND FOR THIS PROJECT, WE BELIEVE WE WOULD BE NOT TO EXCEED $115,000.

IT IS IMPORTANT TO NOTE THAT IF WE COME BACK IN FOUR MONTHS WITH A GUARANTEED MAXIMUM PRICE, AND IT DOESN'T SATISFY THE COUNCIL'S NEEDS AND DIRECTION OF THE PROJECT, THE COUNCIL WILL HAVE AN EXIT RAMP AT THAT POINT.

WE WOULD ASK TO BE REIMBURSED, OR AN AGREEMENT WOULD CALL FOR US TO BE REIMBURSED FOR ALL OF OUR WORK UP TO THAT POINT, BUT THE CITY WOULD OWN ALL OF THE DESIGN AND DOCUMENTS.

THAT HAD BEEN DEVELOPED OVER THAT PERIOD.

AND THEN WE WOULD PART WAYS.

HOPEFULLY THAT WOULDN'T HAPPEN, BECAUSE WE'RE GOING TO WORK IN STEP WITH THE CITY TO MAKE SURE THAT ALL YOUR NEEDS ARE MET.

AND IF YOU DO ACCEPT THE GMP, THEN WE WOULD ENTER INTO A CONTRACT, A COMPREHENSIVE DEVELOPMENT AGREEMENT, TO GO OUT AND BUILD A PROJECT.

SO IN THAT PRELIMINARY AGREEMENT, DO YOU GUYS ALSO SPEARHEAD THE PROCESS OF CREATING THE MOU WITH THE OTHER...

ENTITY WHICH WILL BE BOYS AND GIRLS CLUB IN THIS INSTANCE? YES WE COULD WE CAN INCLUDE THAT IN THE SCOPE OF WORK AND USE OUR LEGAL TEAM OR THE CITY'S LEGAL TEAM HOWEVER YOU PREFER TO DO THAT WE'RE VERY FLEXIBLE TO WORK OUT THOSE ARRANGEMENTS IT SOUNDS LIKE THEY'VE ALREADY GOT SOME GOOD GO-BYS WITH THE CITY OF PLANO KNOW THE PROJECT THEY'RE OCCUPYING THERE BUT WE CAN DEFINITELY INCORPORATE WHAT THE CITY OF PRINCETON WOULD LIKE TO SEE IN THAT AGREEMENT YEAH I THINK THAT WOULD BE IMPERATIVE IN TERMS OF JUST BECAUSE OF YOU KNOW STAFFING IF WE'RE GOING TO PAY FOR IT WE MAY AS WELL JUST YOU KNOW GO THROUGH THE WHOLE PROCESS OF YOU GUYS KIND OF HANDLE IT WELL THROUGH SO WE HAVE THAT SINGLE POINT OF CONTACT FOR SURE IT WOULD BE HAPPY TO DO THAT AND RUN THOSE OPTIONS FOR YOU ACTUALLY, THIS MAY BE A QUESTION FOR KELLY.

WHERE WE STAND RIGHT NOW, WHAT WOULD BE OUR FUNDING SOURCE FOR THIS? SHOULD WE MOVE FORWARD? YES, THAT'S A GREAT QUESTION.

I BELIEVE YOU MENTIONED THAT THIS WOULD NOT AFFECT OUR INS RATE, SO OBVIOUSLY THIS WOULD NEED TO COME FROM THE GENERAL FUND, SO IT'S IMPACTING THE M&O RATE AND THE RESOURCES WE HAVE IN THE GENERAL FUND.

I ALSO HAVE OUR FINANCIAL ADVISOR HERE, JASON HUGHES, IF HE CAN, HE MIGHT HAVE ANY OTHER FURTHER RESPONSE TO THAT.

I WOULD JUST LIKE TO ADD THERE'S SEVERAL DIFFERENT WAYS TO FUND THESE TYPE OF PROJECTS.

LEASE PURCHASE OUT OF THE GENERAL FUND SIDE IS ONE, CERTIFICATES OBLIGATIONS OR GEO BONDS IS ANOTHER AND WE CAN WORK WITH THE CITY DURING THAT PRE-DEVELOPMENT SERVICES TO TO DETERMINE WHAT IS THE BEST FINANCING MECHANISM IF IT'S NOT KNOWN AT THIS TIME AND PRESENT THOSE OPTIONS WORK WITH.

TO CLARIFY CERTIFICATE OF OBLIGATIONS WE CANNOT

[01:40:01]

BY STATE LAW USE THAT FOR A LIBRARY YOU COULD DO A GEO BOND JUST ONE WOULD WE BE USING SO I KNOW WE HAVE THE 1 MILLION DOLLARS FOR THE LIBRARY BOND BOUND TO THE CURRENT LIBRARY HOWEVER THERE ARE STIPULATIONS IN THE STATE LAW THAT WOULD ALLOW FOR US TO RELOCATE WHERE THAT MONEY COULD BE USED ON THE GROUNDS OF WHETHER OR NOT THAT THAT BUILDING IS ACTUALLY USABLE AND I KNOW THAT WE'VE DONE AN INSPECTION REPORT I DON'T KNOW IF IT WAS ACTUALLY PASSED OUT TO ALL OF COUNCIL OR NOT BUT IS THAT AN OPTION THAT THE CITY IS CURRENTLY LOOKING AT WITH THAT ONE MILLION DOLLAR BOND THAT WE CURRENTLY HAVE SO I'M GLAD THAT BOND COUNCIL IS HERE JEFF GOLDBLUTH THAT HE COULD ANSWER THOSE QUESTIONS WITH REGARD TO THE GEO BOND ELECTION AND HOW THOSE FUNDS CAN BE UTILIZED SO I'M SHOOTING FROM THE HIP HERE BECAUSE OBVIOUSLY I DON'T KNOW ANY OF THE DETAILS OF THIS PROPOSAL THERE ARE PROVISIONS TO REALLOCATE UNISSUED OR UNSPENT VOTED BONDS BUT ONLY VIA AN ELECTION ONCE VOTERS GIVE A CITY THE AUTHORITY TO ISSUE BONDS FOR A PROJECT, YOU CANNOT DEVIATE FROM THAT PROJECT.

SO IN NOVEMBER, WE COULD JUST ASK THE VOTERS TO TAKE THE LIBRARY MONEY THEY'VE ALREADY APPROVED AND MOVE IT TO THE LIBRARY MONEY, AND TO THE LIBRARY MONEY THAT WE WOULD BE USING, ESSENTIALLY.

JUST PUT IT ON THE BALLOT AND SAY...

LIBRARY MONEY FOR LIBRARY MONEY.

SO WE VOTED, WHAT, $1 MILLION FOR THE LIBRARY, AND I BELIEVE THAT SPECIFIED EXISTING LIBRARY? YES, BUT THERE ARE SOME CLAUSES THAT SO LONG AS THE NEW BUILDING, 51% OF THE BUILDING IS A LIBRARY, AND THE LIBRARY MAINTAINS CONTROL OF IT, WHICH I GUESS IS THE CATCH-22 WITH THE BOYS AND GIRLS CLUB, AND THE NAME REMAINS THE SAME.

THERE ARE SOME WIGGLE ROOM AREAS TO BE ABLE TO MOVE THAT OVER.

MORE EASILY, BUT WITH THE BOYS AND GIRLS CLUB INVOLVED, I THINK THAT KIND OF MAKES IT MORE DIFFICULT.

SO IF YOU'RE SAYING WE CAN JUST PUT IT ON THE BALLOT AND SAY YOU'VE ALREADY GIVEN US, SAID YES TO A MILLION, WE JUST WANT TO PUT IT AT THE NEW BUILDING, IS THAT KOSHER? SO YOU'D HAVE TO RE-VOTE THE EXISTING BONDS, WHICH I DON'T EVEN THINK WE HAVE SOLD THAT ONE MILLION.

SO IT DEPENDS IF WE HAVE SOLD THAT.

OR IF WE HAVE NOT SOLD IT.

THE CLOCK'S TICKING ON THAT.

I BELIEVE THAT WE HAVE THIS IN MAY.

TEN YEARS.

SO, YEAH, WE HAVE A LITTLE, YEAH, OKAY.

SO WE CAN, IF WE DON'T SELL IT RIGHT NOW, WE CAN DO THE VOTE IN NOVEMBER, OR DO WE HAVE TO SELL IT FIRST AND THEN DO THE VOTE? NO, NO, YOU COULD HAVE AN ELECTION TO DO IT.

YOU KNOW, WHETHER YOU WANT TO GO THROUGH THE EXPENSE OF AN ELECTION TO MOVE A MILLION DOLLARS, I MEAN, THAT'S...

CERTAINLY A CONVERSATION, BUT TO REALLOCATE THAT WHEN THE VOTERS HAVE ALREADY APPROVED IT FOR AN EXISTING LIBRARY, YOU WOULD NEED ANOTHER ELECTION.

AND JUST TO ADD SOME MORE INFORMATION, SO THIS PROJECT DOESN'T HAVE TO ESSENTIALLY COME FROM THE GENERAL FUND.

WE COULD TAKE THE WHOLE THING TO BOND AT THE NEXT ELECTION, TOO, AND HAVE THE VOTERS VOTE TO HAVE IT FOR THIS LIBRARY.

SO JASON POINTED OUT WE ACTUALLY DID SELL THAT MILLION DOLLARS BECAUSE THOSE PROCEEDS HAD BEEN SOLD.

IF YOU WERE TO CHANGE IT FOR ANOTHER PURPOSE THAT'S NOT AN EXISTING LIBRARY, YOU WOULD NEED TO VOTE THAT.

SELLING? A GEO BOND SALE LAST SUMMER? YEAH, A GEO BOND SALE LAST SUMMER.

WE'RE GOING TO HAVE TO CHECK THOSE MINUTES ON THAT.

YEAH, I DON'T RECALL A VOTE.

WE DIDN'T VOTE TO SELL THE LIBRARY BOND.

WE POSTPONED.

TO BECAUSE WE HAVEN'T EVEN LIKE YEAH WELL WE'LL CHECK THE MAIN MEETING MINUTES REVIEW SOME THINGS FOR CLARITY SOLD OR UNSOLD YOU WOULD NEED TO HAVE AN ELECTION TO REALLOCATE THOSE UM WELL THAT THREW ME OFF FOR A SECOND I DON'T HAVE TO GIVE ME A MINUTE TO THINK WHAT MY ACTUAL QUESTION WAS OH OKAY SO UH CURRENTLY OUR DEBT OR MOST LAST TIME I SAW OUR DEBT WAS LIKE 18 CENTS OF THE 22 CENTS.

SORRY, WE HAD 44 CENTS FOR $100.

18 CENTS-ISH WAS OUR DEBT.

SO WE'RE CLOSE TO THE 50% THRESHOLD FOR MONEY GOING TO DEBT.

AND WITH 50% OF OUR CITY BEING A TERS, MEANING ABOUT 47% OF THAT MONEY GOES INTO AN ACCOUNT, SO WE CAN'T HAVE THAT ANYWAY.

HOW BAD IS OUR DEBT GOING TO GET? BECAUSE WE'RE ALMOST AT THE 50% THRESHOLD ALREADY, AND HALF OUR CITY IS BASICALLY FUNDING OUR POLICE DEPARTMENT BECAUSE THE OTHER HALF CAN'T.

[01:45:01]

SO WE KIND OF NEED TO KNOW THAT BEFORE WE GO TO A BOND.

JASON HUGHES, HILLTOP SECURITIES.

IF I MAY, TO ANSWER THAT QUESTION, LET ME KIND OF TAKE A COUPLE STEPS BACK AND LET ME GO THROUGH JUST A VERY QUICK SYNOPSIS OF KIND OF WHERE WE STAND ON THE DEBT SIDE.

SO YOU HAD A BOND ELECTION NOVEMBER 2023 FOR $109.1 MILLION.

JUST OVER $54 MILLION OF THAT'S BEEN SOLD.

I WAS SHOWING THAT THE MILLION DOLLARS WAS SOLD AS WELL FOR THE LIBRARY.

MAYBE I HAD THAT MISTAKE AND I APOLOGIZE IF I DO, BUT I'LL GO BACK.

I'LL DOUBLE CHECK THAT.

WE DID.

SO THAT MILLION DOLLARS WAS SOLD FOR ABOUT.

UM WHENEVER THAT BOND ELECTION WAS CALLED WHAT WAS TOLD TO THE VOTERS IS THAT THERE WOULD NOT BE A TAX RATE INCREASE ON THE INS SIDE OKAY SO AGAIN THAT 54 MILLION ROUGHLY HALF OF THAT'S BEEN SOLD AT THE SAME TIME THAT YOU CALLED FOR THAT BOND ELECTION COUNCIL LOWERED THE INS RATE DOWN 4.15 CENTS SO THAT WENT DOWN TO 17 AT THE TIME 17.94 CENTS YOU ALSO SOLD TO FUND $20 MILLION IN 2024, OR BEG YOUR PARDON, $20 MILLION IN 2024, $25 MILLION IN 2025.

THERE IS CAPACITY TO ISSUE THE REMAINING AUTHORIZED BUT UNISSUED BONDS WITHOUT A TAX RATE INCREASE.

YOU CAN DO THAT.

YOU'LL DO EXACTLY WHAT YOU TOLD YOUR CITIZENS, WHICH AGAIN IS THAT YOU WERE HOLDING A BOND ELECTION AND YOU WOULD NOT INCREASE THAT INS TAX RATE.

SO YOU DO HAVE THAT CAPACITY.

COUNCILMEMBER, TO YOUR QUESTION, WE WOULD NEED TO GO BACK THROUGH AND LOOK AT THE ANALYSIS IF THERE WERE BONDS ON TOP OF THAT, WHAT THAT WOULD LOOK LIKE.

SO TWO QUESTIONS.

ONE, CAN YOU GET THE DATE OF WHEN THAT WAS SOLD? TWO, IF WE WERE TO DO THIS, HOW DOES THAT IMPACT OUR PD AND EVERYTHING THAT WE'RE DOING FOR OUR PUBLIC SAFETY FACILITY? THAT WE HAVE GOING ON BECAUSE IT'S A PHASED PROGRAM OR PLAN TO BE ABLE TO GET UM A WHOLE BUNCH OF THINGS LIKE OUR OWN UM YEAH SO SO ONCE ONCE WE REDO THE FIRST STEP WHICH IS THE 100 AND 150 15 WE WILL HAVE THE FULL NUMBERS AND AT THAT POINT IN TIME WHEN THEY BRING US THOSE NUMBERS WE CAN DISCUSS HOW TO FINANCE THAT AND DISCUSS WHAT THAT LOOKS BUT IN ORDER FOR HIM TO EVEN GIVE US THOSE NUMBERS HE NEEDS TO KNOW WHAT THE PROJECT IS GOING TO COST AND IT'S IT'S NOT THE 115 THAT WON'T GIVE US THAT NUMBER.

OKAY, IF I, WE JUST, IF YOU JUST GIVE ME THE DATE OF WHEN THAT WAS SOLD, THAT'D BE GREAT.

COUNCIL MEMBER, THAT WAS SOLD ON AUGUST 11TH.

OF 25? YES, MA'AM.

ALL RIGHT, AND AT THIS POINT IN TIME, WE ARE, WE'LL BE VOTING TO MOVE FORWARD WITH THIS PLAN AND TO...

ALLOW UP TO $115,000 TO BE SPENT TO GET US DESIGN PLANS.

YANA, I WOULD LIKE TO MAKE THAT MOTION TO MOVE FORWARD.

OH, YOU WANTED TO SPEAK BEFORE MAKING A MOTION? I HAD A QUESTION.

OKAY, SHE HAD A QUESTION, SO I WITHDRAW MY MOTION.

LIBRARIES, WE JUST EARLIER DISCUSSED SEXUAL OFFENDER ORDINANCES AND HOW WE'RE GOING TO ADDRESS THAT AS A CITY.

AND WHEN I LOOK AT A P3 BUILDING HAVING A LIBRARY AND A BOYS AND GIRLS CLUB, THERE ARE LOTS OF OFFENDERS WHO GO INTO LIBRARIES, AND THEN YOU HAVE A BOYS AND GIRLS CLUB THAT NEEDS TO BE PROTECTED.

SO HOW DO YOU CONSOLIDATE A PLAN TO PROTECT CHILDREN WHILE LEAVING A PART OF THE BUILDING OPEN FOR ANYONE TO ATTEND? HOW DO YOU? I CAN TAKE THAT ONE.

YEAH, IT'S, I DON'T WANT TO, I KNOW YOU USED TO BE A FULL-TIME CITY MANAGER, I'M JUST AN INTERIM, SO I DIDN'T WANT TO STEP ON ANY TOES.

AND SO, SO AT THE END OF THE DAY, THE BOYS AND GIRLS CLUB, ANY PLACE THAT A CHILD MIGHT LINGER IS GOING TO FALL WITHIN THE CHILD SAFETY ZONE.

AND SO THAT AUTOMATIC RULE OF A THOUSAND FEET, ONCE WE GET THAT IMPLEMENTED WITHIN OUR, CHILD SAFETY ZONE PROGRAM, OMSAR RSO PROGRAM.

ONCE THAT GETS IMPLEMENTED, THEN THAT THOUSAND FEET GOES ON BEYOND THAT AT THAT POINT IN TIME.

YEAH.

AND IN ADDITION TO THAT, WE MET WITH THE BOYS AND GIRLS CLUB PRIOR TO THESE MEETINGS AND THEY GAVE A LIST OF THEIR REQUIREMENTS.

AND IN THE REQUIREMENTS WAS FOR THEM TO HAVE THEIR OWN ENTRANCE TO THE BUILDING TO WHERE THEY CAN SECURE THOSE.

THAT'S JUST A REAL CONCERN TO ME.

SO I DID HAVE TO ASK.

ALL RIGHT, THERE'S NO MORE QUESTIONS.

I ENTERTAIN A MOTION.

MAYOR, THIS WAS NOT POSTED FOR A VOTE TONIGHT.

THIS WAS JUST POSTED FOR GIVING DIRECTION.

SO IS DIRECTION TO EXECUTE CONTRACT, I'M GUESSING? WELL, I THINK WE NEED AT LEAST TO LOOK AT A CONTRACT.

I HAVEN'T SEEN ONE YET.

WE'LL GET OVER IT SOON.

[01:50:03]

WE'LL HAVE THAT IN THE NEXT AGENDA TO VOTE ON.

I THINK ALL WE'RE LOOKING FOR IS JUST TO GO FORWARD TO EXPLORE IT AND TO COME BACK WITH SOME FIGURES ON WHAT IT'S GOING TO LOOK LIKE FOR US.

WELL, WE HAVE TO ALLOW CITY MANAGERS TO EXECUTE THE CONTRACT TO THE 115, SO WE'LL DO THAT ON THE NEXT AGENDA ONCE YOU GET THE CONTRACT.

YEAH, WE NEED SOMETHING TO START LOOKING AT TO REVIEW AND SEE WHAT THE GENERAL PROCESS IS GOING TO BE.

I'D APPRECIATE IT.

GOTCHA.

I WANTED TO CLARIFY A DATE FOR COUNCILMAN TODD.

WHILE WE DID SELL THOSE IN DECEMBER, THE COUNCIL ACTION ON THE SALE OF THOSE WAS ACTUALLY JULY THE 14TH, 2025.

14TH 2025 YES MA'AM THAT WAS WHEN WE ADOPTED ORDINANCE AND HE'S IN AUGUST SO YOU'RE SAYING IT WAS DECEMBER OH RIGHT BECAUSE THAT'S WHEN THE COUNCIL TOOK ACTION TO AUTHORIZE THE SALE AND THEN WE PRICE AT A LATER DATE BUT I JUST WANTED TO CLARIFY THAT BECAUSE IF YOU'RE LOOKING FOR DOCUMENTS YOU'LL SEE WELL WE DIDN'T HAVE A COUNCIL MEETING DATE SO I WANTED TO GET YOU THE CORRECT COUNCIL PERFECT YOU KNEW EXACTLY WHERE THIS IS I KNEW WHERE YOU WERE GOING YEAH YES MA'AM THANK YOU ALL RIGHT, SO YES, AT THE NEXT MEETING, WE'LL BRING UP THE CONTRACT FOR US TO TAKE A VOTE ON AND GO FROM THERE.

AND CAN WE MAKE SURE THAT THE INSPECTION REPORT IS SHARED WITH ALL OF COUNCIL SO THAT WE CAN ACTUALLY SEE WHAT WE'RE WORKING WITH HERE? SO JUST FOR CLARIFICATION, YOU'RE ASKING FOR THE INSPECTION REPORT FROM THE LIBRARY? APRIL 1ST OF 2025, AN INSPECTION REPORT WAS DONE FOR OUR LIBRARY THAT WAS NOT SHARED WITH THIS BODY.

I CAME ACROSS IT MYSELF.

IF IT CAN BE SHARED WITH THE REST OF COUNCIL THAT WOULD BE GREAT YES MA'AM ALL RIGHT SO UH WE HAVE DIRECTION TO MOVE FORWARD FROM IS EVERYBODY IN AGREEMENT

[L2. ORD-2026-05-11-03 Consider Ordinance No. 2026-05-11-03, canvassing and declaring the results of the May 2, 2026 Special Election for the purpose of filling a vacancy for City Council Seat 4, ordering a runoff election, and providing an effective date; and take appropriate action.]

WITH THAT OKAY TO MOVE FORWARD WITH THIS ITEM AND THEN UM THIS WILL TAKE US TO OUR NEXT ITEM WHICH WOULD BE ITEM L2 MISS COOK CONSIDER ORDINANCE 2026 05 1103 CANVASSING AND DECLARING THE RESULTS OF MAY 2ND 2026.

SPECIAL ELECTION FOR THE PURPOSE OF FILLING A VACANCY FOR CITY COUNCIL C4, ORDERING A RUNOFF ELECTION, AND PROVIDING AN EFFECTIVE DATE, AND TAKE APPROPRIATE ACTION.

SO AT THIS TIME, ARE WE VOTING ON THIS? I HAVE THE ELECTION RESULTS HERE.

ALL RIGHT, MR. LASSLER.

I'M NOT SURE IF EVERYBODY HAS THEM.

THERE IS A RESOLUTION THAT WAS PASSED OUT THAT WAS AN UPDATED RESOLUTION THE CITY SECRETARY SENT TO YOU, OR AN ORDINANCE, I'M SORRY, AN ORDINANCE THAT WAS SENT TO YOU AND PASSED OUT AT A PLACE AT YOUR DESK PRIOR TO THE MEETING THAT INCORPORATES THE RESULTS, DECLARE THE RESULTS, AND DECLARE WHO'S IN THE RUNOFF.

YEAH, AT THIS TIME WE'LL ENTERTAIN A MOTION TO APPROVE THE ELECTION RESULTS.

YOUR HONOR, I MAKE A MOTION TO APPROVE THE ELECTION RESULTS.

OF MAY 2ND, 2026 SPECIAL ELECTION.

AND THIS WILL BE FOR CALLING ALSO THE RUNOFF ELECTION AS WELL.

AND TO ALSO SET THE RUNOFF ELECTION FOR...

LET'S RESTATE THE WHOLE MOTION.

YEAH, SORRY.

LET'S GO AHEAD AND RESTATE THE WHOLE MOTION.

STEVE, DO YOU WANT TO RESTATE THE MOTION? OR DO YOU WANT TO MAKE A MOTION? ALL RIGHT, CAN YOU PULL BACK YOUR MOTION? YOUR HONOR, I'D LIKE TO MAKE A MOTION TO RECEIVE THE ELECTION RESULTS FOR THE MAY 2, 2026 SPECIAL ELECTION AND APPROVE THAT, AND ALSO FOR CITY COUNCIL SEAT 04, AND ALSO ORDERING A RUNOFF

[01:55:01]

ELECTION FOR STARTING JUNE 1ST THROUGH JUNE 13TH.

I'LL HOLD SECOND.

ALL RIGHT, MR. WASHINGTON SECOND.

[L3. 2026-110 Consider the Second Quarter FY2025-2026 Budget and Investment Report (unaudited); and take appropriate action. Presented by CFO Kelly Wilson.]

I'M MISSING A VOTE.

I MOTION PASSES 6-0.

SO TAKING THE ITEM NOW 3, MS. COOK.

CONSIDER THE SECOND QUARTER FISCAL YEAR 2025-26 BUDGET AND INVESTMENT REPORT UNAUDITED AND TAKE APPROPRIATE ACTION.

CFO KELLY WILSON.

THANK YOU, MAYOR AND COUNCIL.

TONIGHT IS YOUR SECOND QUARTER FINANCIAL REPORT.

THIS IS THROUGH MARCH 31ST, 2026, SO ESSENTIALLY HALF OF THE BUDGET YEAR FOR FISCAL YEAR 26.

THIS HAS GOT LOTS OF SLIDES, SO PLEASE FEEL FREE TO ASK ANY QUESTIONS WHILE I GO THROUGH THE PRESENTATION, OR YOU CAN SAVE THEM, OBVIOUSLY, FOR THE END.

FOR AN EXECUTIVE SUMMARY, THE CITY STILL REMAINS STRONG WITHIN OUR FINANCIAL POSITION.

WE ARE LOOKING CURRENTLY RIGHT NOW AT A CASH AND INVESTMENT TOTAL OF $267 MILLION.

OUR INTEREST EARNINGS TO DATE HAVE BEEN AT $5.38 MILLION YEAR-TO-DATE, AND MID-YEAR PERFORMANCE IS GENERALLY ALIGNED WITH THE BUDGET.

AGAIN, THAT'S A HIGH LEVEL, BUT I WILL GO INTO MORE DETAIL HERE.

YOU CAN SEE HERE, THIS IS THE GENERAL FUND REVENUES.

SO YOU CAN SEE IN THE FIRST COLUMN THAT...

REPRESENTS 2025 YEAR-TO-DATE ACTUAL AS OF THE SECOND QUARTER OF FISCAL YEAR 25.

THE SECOND COLUMN IN BLUE IS REPRESENTING THE BUDGET IF WE WERE JUST TO TAKE EXACTLY THAT LINE ITEM BUDGET AND JUST DO HALF OF IT.

AND THEN THE THIRD, THE GREEN BAR, REPRESENTS WHAT WE HAVE ACTUALLY COLLECTED TO DATE IN THOSE RESPECTIVE REVENUE LINES.

OBVIOUSLY THE TOP THREE REVENUES ARE PROPERTY TAX, SALES TAX, AND BUILDING PERMITS, WHICH I'LL GO INTO A LITTLE BIT MORE DETAIL.

AND THEN THERE'S YOUR OTHER REVENUE.

TO DATE, WE HAVE COLLECTED 61% OF OUR TOTAL REVENUE FOR THE BUDGET TO DATE.

AND AGAIN, TO HIGHLIGHT, OUR PROPERTY TAX COLLECTIONS HAS EXCEEDED OUR EXPECTATIONS.

WE ARE AT 111% COLLECTED ON OUR PROPERTY TAX COMPARED TO THE BUDGET.

OUR SALES TAX IS TRENDING ABOVE PRIOR YEAR, AND OUR PERMIT REVENUE, WE ARE SEEING SOME TIMING-RELATED ITEMS, BUT WE EXPECT THIS TO NORMALIZE.

AND THEN IN OTHER REVENUES, WE ARE GENERALLY STABLE.

WHY THAT WAS DOWN IS WE DID, EVEN TONIGHT, YOU AUTHORIZED A MUD CONTRACT NUMBER ONE WITH PROVIDING EMS AND FIRE SERVICES.

THAT IS PART OF OUR 26 BUDGET.

SO THAT'S WHERE I SAY WHERE THE OTHER REVENUES WILL BE STABLE AND NORMALIZE OUT.

PROPERTY TAX COLLECTIONS, THIS CAN GIVE YOU A LITTLE MORE DETAIL IN IT AS TO WHAT OUR GENERAL FUND BUDGET FOR THE CURRENT LEVY, THE DELINQUENT LEVY, AND OUR PENALTY AND INTEREST FOR A TOTAL OF $11.1 MILLION.

AND TO DATE, WE HAVE COLLECTED $12.4 MILLION IN THE GENERAL FUND.

THE DEBT SERVICE FUND, OUR BUDGET IS $7.8 MILLION, AND WE HAVE COLLECTED $9 MILLION.

I WANT TO STIPULATE, THOUGH, AND I HAVE THIS ON ANOTHER SLIDE.

THAT THE TERS THAT WE ALL KNOW HAS TO BE TAKEN OUT OF THE M&O AND THE INS RATE HAS NOT BEEN REFLECTED IN THIS QUARTERLY FINANCIAL REPORT.

YOU WILL SEE THAT IN THE NEXT QUARTER FINANCIAL REPORT.

WE'RE STILL WAITING ON THE REPORTS ON WHAT HAS BEEN COLLECTED IN THOSE TERS.

THE MAJORITY, THOUGH, OF OUR PROPERTY TAX HAS BEEN COLLECTED.

WE ALWAYS SEE THAT COMING IN FROM DECEMBER TO FEBRUARY.

AND WE ARE AT 97.89% OF OUR CURRENT LEVY.

AS OF MARCH 31ST. OUR TOTAL TAXABLE VALUE NET OF EXEMPTION IS $4.88 BILLION.

AT THE TIME THE BUDGET WAS PRESENTED TO YOU AND THE BUDGET WAS PROVIDED WITH THE TAX COLLECTIONS, OUR TAX LEVY AT THAT TIME WAS $4.5 BILLION, SO YOU'LL SEE AN INCREASE IN THAT.

THAT TAKES PLACE WHEN YOU HAVE YOUR CERTIFIED TOTALS, YOU ALWAYS STILL HAVE THOSE THAT ARE ON PROTEST.

SO WE'VE GONE THROUGH THE PROTEST STATE AND THAT'S WHERE OUR VALUE IS AT 4.8 BILLION.

SO WE ARE SEEING A STRONG COLLECTION RATE WHICH REFLECTS A HEALTHY REVENUE PERFORMANCE.

SO ON THE PROPERTY TAX OVERVIEW FOR PRIOR YEAR COLLECTIONS, OVER 500,000 HAS BEEN RECEIVED FROM THOSE ANNEX PROPERTIES THAT WE HAVE TALKED ABOUT

[02:00:01]

FROM 2022 TO 2024.

THEY ARE CURRENTLY REFLECTED IN THE REPORT AS DELINQUENT TAX REVENUE.

HOWEVER, THEY ARE NOT DELINQUENT.

THEY ARE JUST THE WAY THEY REPORTED FROM THE TAX OFFICE.

THAT'S THE ONLY WAY THEY COULD REPORT TO US IN THAT MANNER.

YOU WILL NOT SEE ANY PENALTIES AND INTEREST COLLECTED ON THOSE ANNEX PROPERTIES.

AND AGAIN, THEY HAVE A STATEMENT THAT WAS ISSUED FROM THE TAX OFFICE THAT EXTENDS THAT.

PAYMENT OUT TILL FEBRUARY 1ST, 2027.

BUT THE CITY OF PRINCETON HAS SEEN COLLECTIONS FROM THOSE ANNEX PROPERTIES.

STAFF HAS BEEN REVIEWING THIS REVENUE RECLASSIFICATION, WORKING WITH THE TAX ASSESSOR, AS WELL AS THE APPRAISAL DISTRICT.

AND WE ARE LOOKING AT DOING SOME REPORTING ADJUSTMENTS TO COORDINATE THAT WITH NOT BEING A DELINQUENT, BEING CONSIDERED A DELINQUENT PROPERTY TAX REVENUE.

WE HAVE SEEN PROTEST ISSUES ON THESE, SO THERE ARE STILL SOME ONGOING PROTESTS AS WELL.

ANY QUESTIONS ABOUT THAT? SALES TAX, YOU CAN SEE THE TRENDS.

WE LIKE TO TRACK THAT TO SEE IF WE'RE KIND OF TRACKING OVER THE LAST SEVERAL YEARS.

SO WE'RE TRACKING RIGHT ALONG WITH WHAT THAT TREND USUALLY SHOWS AND HOW OUR SALES TAX COMES IN.

AND THIS SHOWS YOU THE INDUSTRIES THAT WE ARE GETTING OUR SALES TAX FROM.

SO ALMOST HALF OF THIS COMES FROM OUR RETAIL TRADE.

SO THAT'S GOING TO BE THOSE AMAZON, IT'S GOING TO BE THE WALMART, THOSE SORT OF PURCHASES THAT ARE SALES TAX COLLECTIONS.

ALSO, 42% OF OUR BUDGET IS COLLECTED THROUGH THE YEAR, SO THAT'S ONLY FIVE MONTHS, EVEN THOUGH WE'RE REPORTING A SIX-MONTH, AS OF SIX MONTHS OF OUR FINANCIALS.

WE ARE ALWAYS IN ARREARS ON THE SALES TAX, BUT WE ARE 5.49% INCREASE OVER LAST YEAR.

AND ALSO OUR BUDGET IS REFLECTING THAT WE HAVE COLLECTED ALMOST $400,000 MORE THAN WHAT WE PROJECTED IN OUR BUDGET.

NOW THAT'S CITYWIDE.

GENERAL FUND ALWAYS GETS ONE CENT, EDC AND CDC GET A HALF A CENT.

SO WE'RE SEEING A STRONG GROWTH IN OUR TAXABLE SALES, AND WE CONTINUE TO SEE SOME POSITIVE TRENDS AS IS STILL EXPECTED.

HERE'S A SNAPSHOT OF OUR PERMITS SINCE JANUARY 2023.

SO YOU CAN DEFINITELY SEE THE YEAR THAT WE STARTED TO SEE SUCH HIGH GROWTH COMING IN IN 2023, BUT WE ARE STARTING TO NORMALIZE OUT.

WE DID SEE A DIP IN OUR FIRST QUARTER OF THE FINANCIALS OF THIS CURRENT FISCAL YEAR, WHERE WE WERE SEEING 140 PERMITS PER MONTH, BUT WE'RE STARTING TO SEE AN UPTICK IN THE SECOND QUARTER OF 168 PERMITS PER MONTH IT'S ON THIS SLIDE.

SO STRONG DEVELOPMENT ACTIVITY IS STILL CONTINUING, AND THIS REVENUE TIMING DIFFERENCE IS EXPECTED TO NORMALIZE.

ON THE EXPENDITURE SIDE, AGAIN, SAME REPRESENTATION I SHOWED YOU ON THE REVENUE, BUT NOW WE'RE SEEING IT ON THE EXPENDITURES, WHERE THE FIRST COLUMN IS THE 25 ACTUALS YEAR-TO-DATE.

BUDGET, IF WE WERE TO TAKE EVERYBODY'S BUDGET IN HALF, AND THEN WHERE WE ARE ON ACTUAL EXPENDITURES.

AND THESE ACTUAL EXPENDITURES DO INCLUDE ENCUMBRANCES.

SO IF WE HAVE A CONTRACT THAT'S FOR A WHOLE YEAR, WE ENCUMBER THE FULL CONTRACT.

THAT'S WHY YOU MIGHT SEE IT OVER HALF OF A BUDGET.

SO PUBLIC SAFETY IS DOING A LITTLE BIT HIGHER THAN WHAT, IF YOU WERE TO SAY, SIX MONTHS OF WHAT THEIR BUDGET WOULD BE.

COMMUNITY SERVICES IS RIGHT IN LINE.

PUBLIC WORKS IS DOWN.

WE DO HAVE HALF A MILLION BUDGETED FOR STREET MAINTENANCE, AND WE STILL HAVE 75% REMAINING ON THAT LINE ITEM, SO THAT IS WHERE WE'RE SEEING PUBLIC WORKS A LITTLE BIT LOWER THAN WHERE WE WOULD PROBABLY ANTICIPATE TO BE HALFWAY THROUGH THE YEAR.

I DO KNOW THEY'RE WORKING ON THOSE PROJECTS, THOUGH.

SO EXPENDITURES TOTAL IN THE GENERAL FUND IS AT 49%, SO RIGHT ON TARGET IF YOU LOOK AT THE GENERAL FUND AS A WHOLE.

INCREASES FROM PRIOR YEAR TO DATE IS DEFINITELY DRIVEN BY PERSONNEL AND CONTRACTUAL COSTS.

DEPARTMENTS ARE MANAGING THEIR BUDGETS RESPONSIBLY AND VERY HAPPY ABOUT THAT AND REPORT THAT TO COUNCIL AND THERE'S NO SIGNIFICANT ITEMS AT MID-YEAR TO BRING TO YOUR ATTENTION IN THE GENERAL FUND.

NOW LET'S TAKE A LOOK AT THE UTILITY REVENUE.

AGAIN SAME REPRESENTATION OF THE BARS.

SO WE ARE SEEING WATER AND WASTEWATER BEING RIGHT IN LINE.

AGAIN, WE ARE 45% OF OUR BUDGET BECAUSE BILLINGS ARE IN ARREAR, AS WELL AS IT BEING A SEASONAL CONSUMPTION PATTERN THAT YOU HAVE TO EXPECT.

SO AS WE GO THROUGH THE SUMMER MONTHS, YOU'RE GOING TO SEE MORE WATER CELLS BECAUSE OF THE HEAT AND THE USAGE.

SO THERE'S NOTHING HERE THAT IS CONCERNING WHEN YOU'RE LOOKING

[02:05:02]

AT THE FINANCIALS.

SO AGAIN, THE REVENUES ARE SLIGHTLY BELOW THE BENCHMARK DUE TO THOSE SEASONAL USAGE AND TIMINGS AS I EXPLAINED.

OUR SEASONAL CONSUMPTION IMPACTS IS A PERFORMANCE MEASURE THAT WE NEED TO CONTINUE TO MONITOR.

WE ALSO DO NOT HAVE THE REFLECTION YET OF THE WASTEWATER WINTER QUARTERLY AVERAGING.

THAT WILL BE REFLECTED IN THE NEXT QUARTER, SO WE WILL CONTINUE TO MONITOR THAT.

BUT OVERALL, THE REVENUE BASE IS STABLE.

THIS REVENUE ALSO IS REFLECTING BASED ON THE FIVE-YEAR RATES APPROVAL THAT COUNCIL DID IN 2024 TO SEE THOSE UTILITY RATES THAT WE HAVE INCREASES IN THE 26 UTILITY RATE PLAN.

THOSE REFLECTED AS WELL.

ON THE EXPENDITURE SIDE YOU CAN SEE THE VARIOUS AREAS LIKE TO EMPHASIZE ALWAYS THE MOST EXPENSIVE LINE ITEM WHICH IS YOUR WATER PURCHASES.

WE ARE DOING RIGHT IN LINE WITH WHAT OUR REVENUE BROUGHT IN.

WE'RE SEEING THE EXPENDITURES GOING OUT FOR THE PURCHASE OF THOSE WATERS, SO THAT IS IN LINE.

YOU CAN ALSO SEE OUR SEWER TREATMENT IS RIGHT THERE, EXACTLY WHERE WE ANTICIPATED IT TO BE AT BUDGET.

SEEING THE SOLID WASTE MORE THAN IT WAS LAST YEAR, BUT A LITTLE BIT UNDER WHAT WE WOULD PROJECT AT SIX MONTHS.

AGAIN, OUR DEBT SERVICE IS SHOWING A BETTER REFLECTION BECAUSE BEING HERE I'M MAKING SURE THAT WE ARE RECORDING OUR DEBT SERVICE TIMELY, IT'S ENCUMBERED, IT'S MANAGED THAN IT HAS BEEN IN THE PAST.

43% OF THE BUDGET HAS BEEN SPENT OR ENCUMBERED TO DATE IN THE UTILITY FUND AND WE ARE STILL ALWAYS MONITORING TO PRESERVE THAT HUNDRED AND DAY, 120 WORKING DAY CAPITAL.

YOU WILL SEE THE TRANSFERS.

WE ARE NOT, WE ARE SUSPENDING THOSE TRANSFERS FOR THE VRF AT THIS TIME, WHICH WAS TO ANTICIPATE JUST WHAT THE WQA IS DOING.

SO WE'LL MONITOR THAT AND COME BACK WITH ANY SUGGESTIONS TO COUNCIL IF WE THINK THAT WE CAN CONTINUE WITH THE TRANSFERS TO THE VRF, BUT RIGHT NOW IT IS SUSPENDED.

THAT'S WHY IT'S LOWER THAN THE BUDGET, JUST TO ENSURE THAT 120-DAY CAPITAL.

SO AGAIN, JUST TO HIGHLIGHT THE EXPENDITURES, HIGHER WHOLESALE WATER COSTS, AGAIN DEBT SERVICE AND TRANSFERS, WE'RE PLANNING IF WE NEED TO INCREASE THOSE, WE'LL KEEP MONITORING THAT FOR THE TRANSFERS.

OUR TAKE OR PAY CONTRACT REMAINS A KEY COST DRIVER THAT WE NEED TO MONITOR, AND OUR LONG-TERM SUSTAINABILITY WITH OUR CIP PROJECTS AS A PAY-AS-YOU-GO.

THIS GIVES YOU AN OVERVIEW OF WHAT YOU CAN SEE LAST YEAR AND THIS YEAR ON OUR WATER PURCHASES, AS WELL AS THE AVERAGE DAILY PURCHASE.

SO WITHIN THIS QUARTER, JANUARY, FEBRUARY, AND MARCH, WE DID SEE A 2% UPTICK FROM LAST YEAR OF USAGE.

OBVIOUSLY, THAT'S PROBABLY AN INDICATION OF MORE CONSUMERS ON OUR INFRASTRUCTURE.

WE ALSO HAVE A TAKER PAY, WHICH IS 2.116 BILLION GALLONS.

WHICH WAS AN INCREASE OF 22 PERCENT AND WE ALSO HAVE AN INCREASE IN THE AMOUNT PER GALLON.

NORTH TEXAS IS NOW CHARGING US FOUR DOLLARS AND FOURTEEN CENTS.

I EMPHASIZE THIS IN THE BUDGET BECAUSE IT DID INCREASE BY SEVEN AND A HALF PERCENT.

SO OUR TOTAL BUDGET IS 8.76 MILLION TAKER PAY AND THAT IS A 31 PERCENT INCREASE FROM LAST YEAR.

THINGS TO KEEP MONITORING WHEN WE LOOK AT OUR WATER SYSTEM OVERVIEW ABOUT OUR TAKER PAY.

ON OUR AVERAGE, GALLONS PER DAY DEMAND IS 5.8 MILLION, AND OUR AVERAGE CONSUMPTION, LIKE I MENTIONED IN THIS QUARTER, WAS A 2% INCREASE.

SO AGAIN, MAJOR LONG-TERM COST CONSIDERATIONS WILL NEED TO BE THOUGHT ABOUT AS WE LOOK AT OUR INFRASTRUCTURE AND THAT TAKER PAY.

I ALSO WANTED TO GIVE YOU SOME OTHER DEMOGRAPHIC INFORMATION FROM THE UTILITY BILLING OFFICE WHERE YOU CAN SEE HOW MANY ACTIVE ACCOUNTS HAVE INCREASED BY 12.8%.

OBVIOUSLY THAT'S ANOTHER INDICATION OF WHY OUR WATER CONSUMPTION IS MORE.

WE'RE SEEING MORE ACCOUNTS ONLINE.

WE ALSO INCREASED OUR METER SETS WITHIN THIS QUARTER FROM THIS TIME LAST YEAR OF 10.1% AND IN NEW ACCOUNTS WE'VE ADDED 4.7%.

AS WELL AS OUR ONLINE PAYMENTS HAVE INCREASED OF 16.6.

SO THESE ARE JUST GOOD GROWTH INDICATORS OF WHAT WE'RE SEEING WITHIN THE COMMUNITY AND THE DEMAND ON OUR WATER SYSTEM, AS WELL AS OUR CUSTOMER BEHAVIOR.

SO SOME KEY TAKEAWAYS OVERALL.

FINANCIAL POSITION REMAINS STABLE.

OUR REVENUES ARE IN LINE.

AS EXPECTED, AND ANY COST PRESSURES THAT WE ARE SEEING

[02:10:01]

THAT I HAVE NOTED, WE'LL CONTINUE TO MONITOR THAT IN THE UTILITY, AND STAFF WILL CONTINUE TO MONITOR ANY VARIANCES AND REPORT TO COUNCIL.

THAT IS AN OVERVIEW ON THE FINANCIALS ITSELF.

ARE THERE ANY QUESTIONS BEFORE I GO INTO THE INVESTMENT REPORT? SO OUR TOTAL PORTFOLIO VALUE IS $276 MILLION.

WE HAD A YIELD TO MATURITY WHICH INCREASED TO 3.68%.

WE'RE ALSO SEEING A NET INCREASE OF $17.5 MILLION SINCE DECEMBER.

EXCUSE ME, KELLY.

YOU SAID $276 MILLION OR $267? SORRY, I TRANSPOSED.

AGAIN, WE SAW AN INCREASE IN OUR CASH INVESTMENTS OF 17.5 MILLION.

THIS IS AGAIN DUE TO TIMING OF WHEN OUR PROPERTY TAX COMES IN, WHICH IS FROM DECEMBER TO FEBRUARY.

THAT INCREASE ALONG WITH JUST THE INVESTMENTS BEING IN THESE INVESTING HOLDINGS.

BUT IT REMAINS LIQUID AND CONSERVATIVE.

SO HERE'S SOME INVESTMENT PERFORMANCE INDICATORS.

AGAIN, AS I MENTIONED, 3.68, WHICH IS UP.

FROM 3.44 LAST QUARTER.

AND THEN YOU LOOK AT THE T-BILL RATES, WHICH WE ALWAYS WANT TO KIND OF KEEP THAT AS A GOOD PERFORMANCE MEASURE ON OUR INVESTMENTS.

SO WE'RE EXCEEDING THOSE.

AND AGAIN, WE ARE MAINTAINING A STABLE ACROSS OUR SHORT-TERM HORIZON.

THE FEDS HAVE ALSO INDICATED THAT THEY EXPECT A TAX RATE, A ONE RATE CUT THIS YEAR AND ANOTHER ONE IN 2027.

SO RIGHT NOW THE FEDS ARE HOLDING THEIR RATE STEADY AT 3.5 TO 3.75.

THAT IS ALSO AN INDICATOR OF HOW YOUR INVESTMENTS ARE.

SO HERE IS YOUR PORTFOLIO COMPOSITION, JUST AN OVERVIEW OF WHERE THE MARKET WAS LAST QUARTER AS WHERE IT IS TODAY.

SO AGAIN, THE NET CHANGE IS ALMOST $17.5 MILLION.

AND JUST TO GIVE YOU A DEFINITION OF WHAT A PAR VALUE IS, IT'S ALSO CALLED THE FACE VALUE, WHICH IS THAT FIXED AMOUNT IF WE WERE TO HOLD ANY STOCK OR BONDS, WHICH WE DO NOT WHEN IT IS ISSUED.

FOR A BOND, IT IS THE AMOUNT THE ISSUER WILL PAY BACK TO THE INVESTOR AT MATURITY.

WE DO NOT HOLD ANY OF THAT.

AS YOU CAN SEE HERE IS OUR COMPOSITION OF WHERE WE HAVE OUR INVESTMENTS, WHICH 29% ARE IN BANK ACCOUNTS AND ALMOST 71% ARE INVESTMENT POOLS.

INVESTMENT POOLS ARE THOSE THAT ARE THOSE AUTHORIZED UNDER THE TEXAS PUBLIC FINANCE FUNDS, THE PFIA ACT, WHICH ARE DESIGNED TO PROTECT PUBLIC FUNDS.

IT PROVIDES LIQUIDITY AS WELL AS EARNING A COMPETITIVE SHORT-TERM RETURN.

WHAT WE DO IS OTHER LOCAL GOVERNMENTS ARE ALSO IN THIS, SO IT'S MULTIPLE ENTITIES THAT COMBINE THEIR FUNDS INTO A POOLED PORTFOLIO.

SUCH POOLED PORTFOLIOS ARE THE TEXPOOL, TEXSTAR, AND LOGIC, WHICH IS WHERE PRINCETON HAS ALMOST 71% OF THEIR INVESTMENTS.

SO AGAIN, WE WERE AT $249.6 MILLION.

WE'RE NOW AT $267 MILLION.

AN INCREASE AGAIN WAS THOSE BOND PROCEEDS AS WELL AS THE PROPERTY TAX REVENUE RECEIPTS DURING THIS PERIOD.

AND AGAIN, WE'RE MAINTAINING A STRONG LIQUID POSITION.

I THINK THIS IS VERY IMPORTANT TO SEE.

YOU HEAR 267 MILLION INVESTMENTS.

NOW WE NEED TO LOOK AT WHOSE SHARE OF THAT 267 MILLION.

AGAIN, IN FUND ACCOUNTING, EVERYBODY HAS THEIR SHARE OF THOSE INVESTMENTS, AND THEY SIT IN THOSE VARIOUS FUNDS WHICH CAN BE RESTRICTED IN THEIR USE.

SO 65% OF THE TREASURY INVESTMENTS ARE RESTRICTED, MEANING THEY'RE IN THOSE CAPITAL CIP PROJECT FUNDS.

WHEN YOU THINK ABOUT THE BONDS THAT WE HAVE ISSUED THIS SUMMER, THAT'S OVER $80 MILLION RIGHT ALONE JUST IN THE SUMMER MONTHS THAT EVEN JASON WAS TALKING ABOUT THOSE TWO BONDS WE ISSUED THIS SUMMER, PLUS THE $20 MILLION THAT WE ISSUED LAST FALL.

THOSE ARE RESTRICTED, CAN ONLY BE SPENT ON THOSE PROJECTS.

YOU ALSO HAVE THE DEBT SERVICE THAT IS RESTRICTED JUST TO PAY YOUR DEBT PRINCIPAL.

THE IMPACT FEES IS ANOTHER RESTRICTED FUND, SO YOU'VE GOT TO THINK ABOUT THERE'S NOT JUST $267 MILLION.

MILLION THAT CAN BE USED, IT IS SPECIFIC ON HOW IT CAN BE USED AND HOW IT IS RESTRICTED.

SO ALL OUR INVESTMENTS ARE IN COMPLIANCE WITH OUR INVESTMENT POLICY, WHICH AGAIN FOCUSES ON THE THREE PILLARS OF SAFETY, LIQUIDITY,

[02:15:01]

AND YIELD.

AND THERE'S NO COMPLIANCE EXCEPTIONS NOTED HERE.

AND THEN TO GIVE YOU A DETAIL OF OUR INTEREST EARNINGS, LAST YEAR...

FOR THE TOTAL YEAR, WE EARNED $6.8 MILLION.

SO THROUGH SIX MONTHS OF THIS FISCAL YEAR, WE'RE AT $5.3 MILLION, ALMOST $5.4, WHICH IS 79% OF WHAT WE EARNED ALL OF LAST YEAR.

SO WE'RE ON GOOD UPTICK.

BUT AGAIN, THAT'S BECAUSE WE SAW AN INCREASE IN OUR CASH INVESTMENTS WITH THOSE BOND INVESTMENTS.

SO IT'S NOT APPLES TO ORANGES.

APPLES TO APPLES, IT'S APPLES AND ORANGES THERE.

BUT AGAIN, JUST TO GIVE YOU A HIGHLIGHT, TOTAL EARNINGS, $5.3 MILLION IN INTEREST, MAJORITY ARE IN OUR POOLED INVESTMENTS, WE ARE SEEING STRONG RETURNS DRIVEN BY A RATE ENVIRONMENT, AND OUR INTEREST EARNINGS ARE HIGHER THAN LAST YEAR.

HERE TO ANSWER ANY QUESTIONS AND ANY FEEDBACK TOO ON MY FIRST TIME TO DO A PRESENTATION ON THE QUARTERLY FINANCIAL REPORT.

32 SLIDES IN.

SO YOU HAD MENTIONED THE CAPITAL IMPROVEMENT FUNDS.

HOW ARE WE SPENDING ANY OF THAT MONEY WHEN WE DON'T HAVE THE CIAC AND THE NEW LAWS THAT TOOK EFFECT REQUIRE US TO AUDIT ALL THAT MONEY BEFORE WE CAN USE IT? SO HOW ARE WE DOING ANY OF THESE PROJECTS AT THIS TIME? OH.

WHAT RIGHT NOW WE'RE DOING IS PAYING FOR THE DESIGN AND THE ENGINEERS.

THAT IS WHERE IT'S BEING SPENT RIGHT NOW.

BUT ARE WE ALLOWED? AND THEN THE PARK BUILDING ITSELF.

ARE WE ALLOWED TO BE TOUCHING THE CIA, LIKE THE CAPITAL IMPROVEMENT MONEY AT THIS TIME, WHEN THE SEPTEMBER 1ST LAW THAT PASSED REQUIRES US TO RUN AN AUDIT OF ALL THE FINANCES PRIOR TO USING? THAT MONEY FOR THESE PROJECTS OR DOES THAT NOT COUNT FOR THE PLANNING PART ONLY FOR THE MAJOR PART? LIKE TO DO THE ROADS, IN ORDER TO BE ABLE TO PAY FOR THE ROAD PROJECTS WE WANT TO DO, WE NEED IT TO GO THROUGH THE CIAC, WHICH WE DON'T HAVE YET.

SO THAT'S KIND OF WHY I GUESS THAT'S KIND OF WHY OUR ROADS ARE ON HOLD, I'M ASSUMING.

WHERE ARE WE AT ON THIS? VERY GOOD QUESTION.

YOU KIND OF CAUGHT ME OFF GUARD ON THAT ONE.

YEAH, I'D PROBABLY NEED TO TALK TO PRESTON A LITTLE BIT MORE AND TO KELLY A LITTLE BIT MORE ABOUT WHAT FUNDS WE'RE USING FOR THAT ASPECT OF THE PROJECT IN ORDER TO BE ABLE TO GIVE YOU A GOOD ANSWER ON THAT AT THIS POINT.

KEEP IN MIND, WE'RE TALKING ABOUT PRE-SEPTEMBER 1 FEES VERSUS POST-SEPTEMBER 1 FEES, AND SO WE'LL HAVE TO DOUBLE CHECK ON THAT.

I BROUGHT UP...

THIS TIME LAST YEAR, THE NEED FOR THE CAA SEED OF MEAT.

YEAH, BUT WE'RE NOT TALKING ABOUT THAT RIGHT NOW.

IT'S NECESSARY FOR, LIKE, THIS IS MONEY THAT WE'RE SPENDING RIGHT NOW THAT WE MAY NOT BE ABLE TO BE ALLOWED TO BE SPENDING.

SO THAT'S WHAT I'M TRYING TO FIND OUT RIGHT NOW.

WE'RE TALKING ABOUT A BUDGET, TALKING ABOUT MONEY BEING SPENT.

SO I BROUGHT IT UP.

THE DECISION WAS MADE TO NOT USE THE P&Z AT THE TIME.

WHAT IS YOUR QUESTION? SO I'M JUST WONDERING, LIKE, IS THERE A POTENTIAL PROBLEM FOR US? SPENDING MONEY ON CIP PROJECTS WHEN WE DON'T HAVE THE CIAC, IS THERE ANY POTENTIAL PROBLEM THAT WE COULD HAVE? I DON'T THINK SO AT THIS POINT BECAUSE IF YOU'VE STILL GOT THE EXISTING CAPITAL IMPROVEMENT PLAN, WHAT YOU NEED IS, WITH RESPECT TO A NEW CAPITAL IMPROVEMENT ADVISORY COMMITTEE, IS GOING FORWARD WITH THIS.

I MEAN, ONCE YOU'VE GOT A PLAN IN PLACE, THAT'S THE PLAN IN PLACE.

THE NEW CONFIGURATION OF WHAT A CAPITAL IMPROVEMENT ADVISORY COMMITTEE IS GOING TO NEED WILL HAVE TO BE GOING FORWARD ONCE YOU START DOING UPDATES TO THE PLAN ITSELF AND SETTING THE RATES FOR THE NEW ADJUSTMENTS IN IMPACT FEES.

SO AS FAR AS WHAT'S ALREADY IN PLACE, IT'S IN PLACE.

AND SOME OF THOSE THINGS, AS YOU MENTIONED, THAT ARE IN PLACE ARE THE IMPACT FEES THAT WE CAN UTILIZE FOR THOSE PROJECTS BECAUSE WE HAVE THOSE.

STUDIES DONE THAT ANALYZE AND PRESENT THOSE CIP PROJECTS THAT HAD BEEN BUILT SEVERAL YEARS BACK.

WHEN WAS THAT DONE? 2022.

22 ON THAT CIP PROGRAM.

AND THEN I'D ALSO LIKE TO JUST MAKE SURE EVERYBODY'S AWARE AS WELL, THOSE BONDS THAT WE DID ISSUE THIS SUMMER, WE HAVE THREE YEARS TO BE SPENT DOWN 80%, AND THEN 100% YOU HAVE TO SPEND DOWN WITHIN FIVE YEARS, OR YOU'RE LOOKING AT ARBITRAGE ISSUES, WHICH IS...

SAYING THAT YOU SHOULDN'T BE JUST BORROWING MONEY TO SIT IN A BANK ACCOUNT.

IT SHOULD BE USED FOR WHAT IT WAS INTENDED FOR, OR THE IRS WILL ASK FOR IT.

I JUST WANTED TO MAKE SURE WITH THE SEPTEMBER 1 LAW TRIGGERING THE NEW AUDIT REQUIREMENT BEFORE TOUCHING THE MONEY.

I JUST WANT TO MAKE SURE THAT WE'RE GOOD THERE.

IF YOU COULD JUST CHECK INTO THAT,

[02:20:01]

THAT WOULD BE GREAT.

AS OF RIGHT NOW, I BELIEVE WE ARE.

AND WE STILL ARE WORKING ON THE SEAC COMMITTEE.

SO FAR WE'VE HAD FOUR APPLICANTS.

WE'RE GOING TO HAVE TO REOPEN IT AND SEE IF WE CAN GET SOME MORE APPLICANTS.

AND THE ONES BECAUSE IT'S VERY SPECIFIC CRITERIA THAT THEY HAVE TO MEET AS WELL WITH 50% OF THIS, 50% OF THAT.

SO WE'RE GOING TO HAVE TO REOPEN IT AGAIN JUST TO MAKE SURE WE TRY TO GET ENOUGH APPLICANTS.

I HAVE A QUESTION ON THE, I DON'T KNOW IF THAT SLIDE YOU SHOWED WHERE IT HAD THE 65% BREAKDOWN.

IS THAT INCLUDED, BECAUSE ON THE PAGE TWO, THE CASH ON HAND, THE $267 MILLION CASH IN INVESTMENTS, DOES THAT 65%, DOES THAT BREAK DOWN WHAT'S RESTRICTED, UNRESTRICTED OPERATIONAL CASH THIS DOES? THE 65% ON THIS SLIDE HERE SHOWS THAT IT IS RESTRICTED.

SO THE REMAINING? THE REMAINING IS GOING TO BE IN THE GENERAL FUND OR THE UTILITY FUND.

SO AGAIN, STILL INTENDED TO BE SPENT ON WHAT THOSE FUNDS ARE SUPPOSED TO BE UTILIZED FOR.

SO IN THE GENERAL FUND, AGAIN, YOU'RE ONLY GOING TO BE ABLE TO USE THAT FOR OPERATIONS.

IF IT'S IN THE UTILITY FUND, WE CAN ONLY USE IT FOR THE UTILITY OPERATIONS.

AND THE SECOND QUESTION I HAD WAS THE PERMIT REVENUE.

SO ON THE BUDGET REPORT THAT WAS ATTACHED TO THIS, PAGE ONE, THERE WAS A NOTE THERE THAT STATED THAT AVERAGE PERMITS ROSE FROM $140 A MONTH TO $168 A MONTH.

BUT IN THE BUDGET REPORT, PAGE SIX, WHERE THE GENERAL FUND REVENUES WERE, IT SHOWS THE BUDGET FOR THAT WAS $5.9 MILLION, AND THE ACTUAL WAS $1.52.

TRYING TO FIGURE OUT WHAT YOU'RE LOOKING AT AGAIN.

SORRY.

SO IT'S NOT IN THE PRESENTATION.

IT WAS THE REPORT THAT WAS ATTACHED TO AN AGENDA.

OH, GOTCHA.

IT WAS A BUDGET REPORT, PAGE ONE.

I'M SORRY.

THE ACTUAL FUNDS WHERE IT SHOWS THE...

IS IT THIS ONE YOU'RE LOOKING AT? YES.

SO PAGE SIX ON THAT, AND IT SHOWS FOR THE PERMIT REVENUE.

WE HAD THE BUDGET AT 5.9, BUT THE ACTUAL WAS 1.5.

THAT'S INCLUDING OTHER REVENUE ITEMS. IT'S ALSO INSPECTIONS.

IT'S NOT JUST BUILDING PERMIT.

DID THAT ANSWER YOUR QUESTION? YEAH, SO I WAS WONDERING WHY IT WAS THE ACTUAL, BUT THE BUDGET IS INCLUDING THE ADDITIONAL ITEMS. IT'S NOT JUST THE PERMITTING.

NOT JUST PERMITS.

THERE'S NO OTHER QUESTIONS AT THE TIME.

THAT WAS IT FOR ME.

I DIDN'T SEE ANY MOTION.

ACTUALLY, I DO HAVE A QUESTION.

HOW MUCH IS IN THE STORMWATER FUND? WHEN YOU SAY HOW MUCH, CAN YOU CLARIFY THAT A LITTLE BIT MORE? DO YOU MEAN FUND BALANCE? DO YOU MEAN CASH? HOW MUCH MONEY DO WE HAVE FOR STORMWATER TOTAL? BECAUSE WHEN HE WAS TALKING ABOUT THE LITTLE PIE CHART THERE, I WAS LOOKING AT IT AND...

SO THERE'S A UTILITY FUND.

SO YOU ARE TALKING ABOUT INVESTMENTS ITSELF? OR JUST WOULD IT BE FOR THIS LINE ITEM OR IS IT WHATEVER, THE NEXT ONE THAT I NEED TO ASK THIS QUESTION AT? SO I WOULD GO BACK TO FUND BALANCE.

I THINK THAT'S MORE IMPORTANT AS A REFERENCE POINT IS THE FUND BALANCE, WHICH RIGHT NOW IS A LITTLE OVER $3 MILLION AT THE END OF THE FISCAL YEAR OF 2025.

WE DO PLAN TO SPEND SOME OF THAT THIS YEAR BECAUSE OF SOME THINGS THAT WE I THINK NEED TO STILL BE DISCUSSED.

SO, JUST CHECKING.

I DIDN'T HAVE A MOTION AT THE TIME.

I HAVE ANOTHER QUESTION.

YOUR HONOR, IF NO MORE QUESTIONS, I'LL MAKE A MOTION TO APPROVE THE SECOND QUARTER REPORT, BUDGET AND INVESTMENT REPORT.

I'M MR. WASHINGTON II. I'M MOTION

[L4. ORD-2026-05-11 Consider Ordinance No. 2026-05-11 amending the City of Princeton's FY2025-2026 Operating and Capital Budgets; and take appropriate action. Presented by CFO Kelly Wilson.]

PASSES 6-0.

AND THIS WILL TAKE US TO ITEM L4.

MS. COOK? CONSIDER ORDINANCE 2026-0511 AMENDING THE CITY OF PRINCETON'S FISCAL YEAR 25-26 OPERATING IN CAPITAL BUDGETS AND TAKE APPROPRIATE ACTION.

MS. WILSON? THANK YOU.

SO THE PURPOSE OF THIS AMENDMENT IS TO AGAIN PRESENT AND APPROVE AN AMENDMENT TO OUR FISCAL YEAR

[02:25:01]

25-26 OPERATING AND CAPITAL BUDGETS.

WE DO THIS NECESSARY TO UPDATE ANY REVENUE ESTIMATES, ALLOCATE ANY ADDITIONAL FUNDS FOR IDENTIFIED NEEDS.

AGAIN, THIS IS BEST PRACTICE.

SO A LITTLE BACKGROUND, THROUGHOUT THE YEAR THE CITY DOES REVIEW AND PROVIDES A MID-YEAR REVIEW OF THE OPERATING CAPITAL BUDGETS TO ENSURE THAT OUR REVENUES AND OUR EXPENDITURES ACCURATE.

REFLECT THE CURRENT CONDITIONS.

ADJUSTMENTS ARE REQUIRED TO ACCOUNT FOR ANY UPDATED REVENUE PROJECTIONS OR ANY ADDITIONAL FUNDING NEEDS AND THIS AMENDMENT DOES PROVIDE FOR THOSE NECESSARY AUTHORITY TO IMPLEMENT THOSE CHANGES AND MAINTAIN COMPLIANCE WITHIN OUR FINANCIAL POLICIES AND REPORTING REQUIREMENTS.

SO AGAIN THESE ARE THE THREE THINGS THAT WE'RE GOING TO HIGHLIGHT IN THIS BUDGET AMENDMENT WHICH IS GOING TO BE UPDATE OUR REVENUE ESTIMATES, SOME STRATEGIC INVESTMENTS, AND ADDITIONAL FUNDING NEEDS.

ON THE REVENUE ADJUSTMENTS, EVERY TIME A PID BOND IS ISSUED, WE ARE LOOKING AT ADMINISTRATIVE FEES THAT HELP OFFSET INDIRECT COSTS, WHICH COULD BE ATTORNEY FEES, STAFF TIME, NOTICES IN THE PAPER.

SO THOSE RANGE FROM ANYWHERE FROM $20,000 TO $50,000 PER BOND CLOSING.

SO WE'RE REFLECTING $225,000.

REVENUE IN THE GENERAL FUND, THESE ARE FROM EASTRIDGE, WHICH HAS HAD TWO PID BONDS THIS YEAR, SOUTHRIDGE, SERENITY, WHITE WING, AND WINDMORE, OR WILL BE HAVING BY THE END OF THIS YEAR.

FIRE OUTDOOR WARNING SYSTEM LOAN PROCEEDS, THIS WAS APPROVED IN JULY OF, JULY, JULY THE 14TH, EXACTLY, AND WE'RE RECOGNIZING THOSE LOAN PROCEEDS THAT WE ENTERED INTO IN THE FISCAL YEAR 26.

WE'RE ALSO RECOGNIZING THE CDC FUNDING FOR THE POLICE EMERGENCY VEHICLE, $355,066.

WE ALSO ARE REALLOCATING DONATION FUNDS TO A SPECIAL REVENUE FUND.

I THINK IT'S A BETTER WAY OF TRACKING THESE DONATION FUNDS VERSUS HAVING THEM IN THE GENERAL FUND.

SO I WANT TO MOVE THAT OUT OF THE GENERAL FUND AND REFLECT IT IN ITS OWN SPECIAL REVENUE FUND.

DEVELOPMENT AGREEMENT FUNDING.

WE ALSO HAD A DA WITH EASTRIDGE FOR AN OUTDOOR WARNING SIREN, AND WE'RE REFLECTING THAT REVENUE THAT WE'VE RECEIVED.

AND THEN THERE WAS A FOUNDATION, AN NRA FOUNDATION DONATION OF $800 THAT WAS APPROVED MARCH 23RD.

WE'RE REFLECTING THAT IN THIS BUDGET AMENDMENT.

DO WE HAVE ANY QUESTIONS ON THE REVENUE? FOR THE DONATIONS AND STUFF, YOU'RE...

TAKING DONATIONS FROM THE LIBRARY, POLICE, AND FIRE, AND YOU'RE PUTTING THEM ALL INTO ONE ACCOUNT.

ONE SPECIAL REVENUE FUND.

AND DO THEY HAVE ACCESS TO THE FULL AMOUNT SPECIFICALLY TO THEM, OR IS IT THEY CAN TAKE MONEY FROM THAT TOTAL AMOUNT? NO, WE WILL TRACK THEIR ACTUAL CASH POSITION.

THE LIBRARY WILL SHOW THEIRS EXACT, POLICE, AND FIRE.

THAT'S WHY I LIKE TO HAVE IT IN THE SPECIAL REVENUE FUND, SO I CAN ALWAYS TRACK.

HOW MUCH WAS LIBRARY COLLECTED? IN THE GENERAL FUND IT GETS VERY HARD TO KEEP UP WITH THAT.

OKAY, THANK YOU.

SO HERE'S SOME STRATEGIC INVESTMENTS WITHIN THE PUBLIC SAFETY.

WE ARE LOOKING AT A FIRE CAD TO ALERTING INTEGRATION AND DEFIBRILLATORS, ALMOST 70,000 THAT WE NEED IN THE GENERAL FUND.

FIRE OUTDOOR WARNING SYSTEM, AGAIN THIS IS ASSOCIATED WITH THE LOAN PROCEEDS, SO IT'S A NET NEUTRAL TO THE GENERAL FUND.

WHAT YOU'LL JUST SEE NOW IN THE GENERAL FUND FOR FUTURE WILL BE THOSE LOAN PAYMENTS.

WE'RE ALSO REFLECTING THE POLICE EMERGENCY VEHICLE, SO AGAIN, A NET NEUTRAL TO THE GENERAL FUND BECAUSE CDC IS GIVING THOSE FUNDING SOURCES TO PAY FOR THAT.

WE'RE JUST SHOWING THE ASSET EXPENSE NOW IN THE GENERAL FUND.

ANIMAL CONTROL SERVICES AND SHELTER CONTRACT INCREASE.

WE ARE NEEDING AN ADDITIONAL ALMOST $91,000 TO BE EXACT, $90,662, BECAUSE THE CONTRACT DID GO UP FROM $179,682 TO $279,662, WHICH IS ALMOST A 56% INCREASE.

WE ARE ALSO LOOKING FOR FUNDING FROM THE ASSET FORFEITURE FUND, WHICH IS A RESTRICTED FUND AND CAN ONLY BE USED FOR CERTAIN THINGS.

AND THIS WAS...

WE'RE USING FOR A SHOOTING RANGE BERMS, SO AGAIN, RESTRICTED FUNDS ON THAT, BUT JUST NEEDING THE AUTHORIZATION FOR THAT.

WE'RE ALSO LOOKING AT ADDING AN FTE WITHIN THE FIRE DEPARTMENT FOR A CHIEF OF TRAINING TO IMPROVE EFFICIENCIES WITHIN THE DEPARTMENT AND STANDARDIZE THE TRAINING WITHIN NFPA AND

[02:30:04]

TRAFFIC ENFORCEMENT OFFICER WITHIN THE PD DEPARTMENT.

AGAIN, THIS IS JUST THE BEGINNING DEVELOPMENT OF THIS PROGRAM, SO WE'RE ASKING FOR ONE TRAFFIC ENFORCEMENT OFFICER, WHICH WILL ALLOW US TIME FOR NEXT YEAR TO GET THIS PLAN, GET POLICIES GOING, AND BRING IN A NEW PROGRAM INTO THE 27 PROPOSED BUDGET.

FLEET LEASE EXTENSIONS, WE ARE NEEDING ADDITIONAL $35,308.

AT THE TIME THE BUDGET WAS PRESENTED TO YOU, THESE...

FLEET LEASES DID NOT GET, THE VEHICLES DID NOT GET TURNED INTO ENTERPRISE, THEREFORE IT'S AN AUTOMATIC SHORT-TERM RENEWAL ON THESE LEASES.

FINANCE IS ACTIVELY LOOKING AT WHAT IS A BEST OPTION FOR THE CITY GOING FORWARD.

IS IT TO CONTINUE THESE LEASES WITH ENTERPRISE, OR DO WE WANT TO LOOK AT PURCHASING OUTRIGHT? THAT, AGAIN, GOES BACK TO US HOPEFULLY GETTING ESTABLISHED A VEHICLE AND EQUIPMENT REPLACEMENT FUND IN THE FUTURE.

BUT WE JUST WANT TO IDENTIFY WHAT IS THE MOST...

EFFECTIVE LONG-TERM APPROACH TO THESE REPLACEMENT VEHICLES, BUT WE DO NEED AN ADDITIONAL 35,000 308 DOLLARS FOR THAT SOME OTHER INFRASTRUCTURE AND INVESTMENTS THE CITY SECRETARY'S OFFICE WE'RE GOING TO ADD REQUESTING TO ADD ANOTHER FTE AS A RECORDS CLERK, BUT WE ARE UTILIZING SALARY SAVINGS SO WE'RE NOT GOING TO SEE AN IMPACT IN OUR EXPENDITURES ON THAT AND THEN IMPACT FEE REIMBURSEMENTS TO DEVELOPERS.

THE TIME, ME BEING HERE VERY QUICKLY, WE'RE STILL TRYING TO UNCOVER ALL THESE DAS, BUT WE DO NEED TO ADDRESS WITHIN THE WIND MORE ADDITIONAL $242,080 OUT OF THE WATER IMPACT FEE FUND FOR REIMBURSING THEM BACK THEIR IMPACT FEES.

WINCHESTER CROSSING THERE IS WASTEWATER IMPACT FEE REIMBURSEMENT AS WELL AS ROAD IMPACT FEE REIMBURSEMENTS.

AGAIN THIS DA WAS BACK FROM 2019.

YES.

SO THE DA FOR THE ROADWAY IMPACT FEES.

WINCHESTER ALSO HAS A PID DOES IT NOT? SO I DON'T KNOW IF THIS IS FOR YOU OR FOR THEM OR WHO'S GONNA ANSWER THIS.

THEY CAN'T DOUBLE DIP.

SO EVEN IF WE PUT IT IN LIKE AN AGREEMENT, WE CAN'T DOUBLE DIP.

SO IS THERE LIKE AN ITEMIZED REPORT TO SHOW THE DIFFERENCE BETWEEN LIKE WHAT THEIR PID MONEY THEY'VE COLLECTED ON IS FOR IN COMPARISON TO THIS $510,643 REFUND THEY'RE BASICALLY GETTING FROM US TO ENSURE THAT THERE IS NO OVERLAP? IN PAYING THEM.

I MEAN THEY'VE GOT THE PID, NOW THEY'RE ASKING FOR IMPACT FEES.

DO WE HAVE THAT SOMEWHERE TO SHOW THAT THEY ARE NOT AT ALL OVERLAPPED? YES, IN FACT I HAVE IT HERE AND IT IDENTIFIES THE ACTUAL PROJECTS OF WHAT THEY DID.

OF COURSE THERE'S PUBLIC INFRASTRUCTURE THAT THEY DO GET FROM THE PID FEES WITHIN THEIR DEVELOPMENT, BUT WHAT THEY DID FOR THE CITY IS THEY EXTENDED OUR BUILT OUT, LET ME LOOK AT MY NOTES REAL QUICK, IT'S THE BEECHAM TO MYRICK, WHERE WE TOOK IT TO A FOUR-LANE CONCRETE STREET OUTSIDE OF THE DEVELOPMENT.

SO THEY DID THAT FOR THE CITY, AND FOR THAT WE WAIVED BACK SOME OR REIMBURSED THEM THEIR IMPACT FEES.

AND IT WAS A TOTAL OF ROADWAY IMPACT FEES REIMBURSABLE FOR THIS DA WAS $3.2 MILLION.

SO THERE'S BEEN IN THE PAST OTHER IMPACT FEE REIMBURSEMENTS, BUT THAT WAS THEIR ELIGIBLE COST.

AND THIS IS ALL IN THAT DA FROM 2019.

WE ARE STILL LOOKING AT A LIABILITY AT THIS POINT OF IMPACT FEES THAT ARE STILL REIMBURSABLE TO THEM.

THEY ONLY GET IT ONCE WE SEE THE PERMITS COME IN AND WE'VE COLLECTED THE IMPACT FEE.

THAT'S WHEN THEY GET THEIR MONEY BACK ON THAT.

BUT AGAIN, THIS IS THE INFRASTRUCTURE THAT THEY BUILT FOR THE CITY THAT WE ACCEPTED YEARS BACK.

SO WE STILL HAVE SOME LIABILITIES STILL OWED ON THAT.

WE ALSO STILL HAVE $1.6 MILLION ON WASTEWATER IMPACT FEES TO WINCHESTER.

BUT WE HAVE NOT SEEN THOSE PERMITS COME IN YET, SO THEREFORE THEY'RE NOT GETTING THOSE FUNDS UNTIL WE SEE THOSE PERMITS REVENUE.

AND THIS WHOLE BEECHAM THING, IT DOESN'T...

COUNT IS UPGRADING, UPDATING, EXPANDING, OR REPLACING EXISTING CAPITAL IMPROVEMENTS TO PROVIDE BETTER SERVICE TO THEIR DEVELOPMENT.

IT DOESN'T FALL UNDER THAT CATEGORY WITH THEM CONTINUING

[02:35:01]

TO BUILD ONTO THIS ROAD TO THEIR EXISTING DEVELOPMENT.

I BELIEVE THIS WAS IN OUR CIP LIST ALREADY AS A QUALIFIED IMPACT FEE PROJECT, AND THEY BUILT IT FOR US BECAUSE THEY, I BELIEVE, I CAN'T SPEAK FOR WHAT THEY DECIDED BACK IN 2019.

JUST IN MY PAST, I'VE SEEN THESE KIND OF DISCUSSIONS WHERE THE BUILDER IS ALREADY THERE WITH, OR THE DEVELOPER IS ALREADY THERE WITH THE CONCRETE.

THEY'VE GOT THE ENGINEERS.

THEY'RE BUILDING THEIR AREA.

IT WAS JUST A TIE-IN TO EXPAND A CIP PROJECT WE ALREADY HAD PLANNED.

BUT I CANNOT SPEAK EXACTLY ON WHAT WAS DISCUSSED IN 2019.

SO HERE'S THE TOTAL FUND BALANCE IMPACT.

SO IN THE GENERAL FUND WE ARE LOOKING AT A NET ADJUSTMENT OF $145,487.

AND WHEN YOU LOOKED AT MY QUARTERLY FINANCIAL REPORTS AS OF Q2, YOU SAW THAT WE STILL WERE ABOVE OUR 25% RESERVE IN THE GENERAL FUND.

SO THERE IS NO CONCERN WITH US ALSO DIPPING IN $145,000 INTO THE GENERAL FUND.

WE'RE STILL MAINTAINING THAT 25% RESERVE.

DONATIONS NET ZERO.

AGAIN, I'M JUST MOVING THE REVENUE FROM THE GENERAL FUND TO THIS DONATION FUND AND ALSO GIVING THE EXPENDITURE AUTHORITY IN THAT DONATION FUND.

CDC, WE'RE JUST SHOWING THE MONEY COMING OUT TO THE GENERAL FUND FOR THE EMERGENCY VEHICLE, AND THEN THE IMPACT FEES THAT WE JUST DISCUSSED.

AND THEN THE LAST ONE IS THE ASSET FORFEITURE OR LAW ENFORCEMENT SPECIAL REVENUE FUND.

SO AGAIN, STAFF'S RECOMMENDATION IS TO ADOPT ORDINANCE 2026-0511, AMENDING THE 2526 OPERATING AND CAPITAL BUDGET AS DETAILED OUT IN THE AGENDA PACKET EXHIBIT A HERE TO ANSWER ANY FURTHER QUESTIONS NO QUESTIONS ARE ENTERTAINING A MOTION THIS TIME.

YEAH, I MAKE A MOTION TO APPROVE ORDERS 20 2605 11 AMENDING THE FOR INSTANCE, BUDGET OF FY 2025-2026 OPERATING CAPITAL BUDGETS AND TAKE THEM.

ON THE SIDE NOTE, IT WOULD BE GREAT IF I COULD GET A COPY OF ALL OF THE DEVELOPMENT AGREEMENTS SO I CAN READ THEM.

MR. WASHINGTON, SECOND.

I'M MISSING THE VOTE.

[L5. 2026-117 Discuss and consider authorizing the Fire Department to submit an application to the Federal Emergency Management Agency (FEMA) for the FY2025 Staffing for Adequate Fire and Emergency Response (SAFER) Grant for six firefighter positions, and take appropriate action.]

I MOTION PASSES 4-2.

THIS IS THE SECOND ITEM, ITEM 06, MS. COOK.

DISCUSS AND CONSIDER AUTHORIZING THE FIRE DEPARTMENT TO SUBMIT AN APPLICATION TO FEMA FOR THE FISCAL YEAR 2025 STAFFING FOR ADEQUATE FIRE AND EMERGENCY RESPONSE, SAFER GRANT, FOR SIX FIREFIGHTER POSITIONS AND TAKE ACTION.

CHIEF STEVENS.

GOOD EVENING AGAIN, MR. MAYOR AND MEMBERS OF CITY COUNCIL.

THE ITEM BEFORE YOU TONIGHT IS MORE OR LESS PERMISSIONS FOR THE FIRE DEPARTMENT TO PROCEED WITH THE FEMA SAFER GRANT PROCESS.

THIS WAS PREVIOUSLY AUTHORIZED.

BY THE FORMER CITY MANAGER DUE TO THE COMPRESSED FEDERAL TIMELINES ASSOCIATED WITH THE TEMPORARY DHS CLOSURE AND ANTICIPATED REOPENING OF THE FEDERAL GRANT PROCESS.

STAFF'S INTENT WAS TO AVOID MISSING A VERY NARROW WINDOW OF ACCESS.

APPLICATION DUE TO THE UNCERTAINTY SURROUNDING THE DHS AND FEMA PROCESS DURING THE SHUTDOWN.

IT WAS VERY WELL UNDERSTOOD THAT IF THE PROCESS WAS TO REOPEN, THE TIMELINES WOULD BE VERY CONSTRAINED AND WE'D HAVE A VERY LIMITED WINDOW IN TERMS OF HAVING OUR APPLICATION READY AND PROCEEDING.

THE CITY SELECTED CLEMENTS FIRE CONSULTING TO ASSIST WITH THE APPLICATION PREPARATION DUE TO THE NATIONALLY RECOGNIZED EXPERIENCE AND DOCUMENTED SUCCESS RATE WITH FEMA SAFER GRANTS LAST LAST YEAR, COLUMBUS CONSULTING WAS AWARDED 7 OUT OF 9 SAFER GRANT ATTEMPTS, WHICH IS WELL ABOVE NATIONAL AVERAGES.

FIRE ADMINISTRATION ASSISTANT JILL BARRETT IS SERVING AS THE DEPARTMENT'S INTERNAL PROJECT LEAD AND HAS DONE AN OUTSTANDING JOB COORDINATING THE VERY EXTENSIVE DOCUMENTATION, DATA COLLECTION, AND ADMINISTRATIVE REQUIREMENTS ASSOCIATED WITH THE GRANT PACKAGE.

FEMA'S SAFER GRANT PROGRAM REMAINS ACTIVE NATIONALLY.

HOWEVER, AS OF THIS EVENING, FEMA HAS NOT YET PUBLICLY ANNOUNCED THE OPENING DATE FOR FOR THE NEXT SAFER.

HIRING APPLICATION CYCLE ASSOCIATED WITH THE SUBMISSION PACKAGE.

WE'RE EXPECTING THAT TIMELINE TO BE ANNOUNCED SOON.

THIS ITEM WILL RETURN TO CITY

[02:40:01]

COUNCIL FOR FORMAL RESOLUTION APPROVAL AUTHORIZING FINAL SUBMISSION OF THE SAFER GRANT APPLICATION.

WE'LL NEED A RESOLUTION FROM CITY COUNCIL AS A COMPONENT OF OUR APPLICATION TO PROCEED.

I'LL BE MORE THAN HAPPY TO ANSWER ANY QUESTIONS THAT COUNCIL HAS.

CHIEF, JUST IN CASE SOME OF THE COUNCIL DON'T...

DON'T REMEMBER OR KNOW ABOUT THE SAFER GRANT COULD EXPLAIN HOW IT'S FUNDED IN THE THE YEARS AND THINGS HOW IT'S UH STARTS OUT I THINK IT'S 100 AND THAT IT DECREASES WHERE WE HAVE TO PAY A CERTAIN ABSOLUTELY SO THIS IS A TIERED FUNDING PROCESS TO THE FIRST YEAR FEMA FUNDS 100 THE NEXT YEAR THEY FUND 70 WITH THE CITY FUNDING 30 THE FOLLOWING YEAR IS 50 AND ON THE THE FINAL YEAR THE CITY FUNDS.

100% THE FIREFIGHTERS.

WELL, I'M ALL FOR IT.

IF THERE'S NO OTHER QUESTIONS, I'LL GO AHEAD AND MAKE A MOTION TO APPROVE ITEM L5.

ALRIGHT MOTION PRACTICE 6-0.

MS. DEVERY, SECOND.

[L6. 2026-05-11-R07 Consider Resolution No. 2026-05-11-R07, determining costs and calling a public hearing to consider an ordinance levying assessments on property located within the Eastridge Public Improvement District; directing the publication and mailing of notice of such public hearing; and take appropriate action.]

SO I'LL TAKE THIS, TIE THEM, L6, AND LET'S GO.

CONSIDER RESOLUTION 2026-0511R07, DETERMINING COST AND CALLING A PUBLIC HEARING TO CONSIDER AN ORDINANCE LEVYING ASSESSMENT ON PROPERTY LOCATED WITHIN THE EASTRIDGE PUBLIC IMPROVEMENT DISTRICT, DIRECTING THE PUBLICATION AND MAILING OF SUCH PUBLIC HEARING, AND TAKE APPROPRIATE ACTION.

MR. GOLBIS.

GOOD EVENING, MAYOR AND COUNCIL.

JEFF GOLBIS WITH MCCALL, PARKERS, AND HORTON.

WE ARE THE CITY'S BOND COUNCIL.

MY STANDARD DISCLAIMER THAT WE WORK FOR Y'ALL, NOT FOR...

ANYONE ELSE? MY SLIDE COVERS THIS ITEM AND THE ONE IMMEDIATELY FOLLOWING.

HOWEVER, I'M GOING TO SPEAK TO EACH ITEM SEPARATELY.

THE ITEM BEFORE YOU IS THE RESOLUTION DETERMINING COSTS AND CALLING A PUBLIC HEARING TO GIVE NOTICE OF COUNCIL'S FUTURE CONSIDERATION OF AN ORDINANCE LIVING ASSESSMENTS WITHIN EASTRIDGE PUBLIC IMPROVEMENT DISTRICT.

AS A REMINDER, EASTRIDGE WAS CREATED IN JUNE 2021.

THAT'S A 560-ACRE RESIDENTIAL PUBLIC IMPROVEMENT DISTRICT DEVELOPMENT.

ASSESSMENTS HAVE BEEN LEVIED ON IMPROVEMENT AREAS ONE THROUGH FIVE.

I WILL SAY THIS SUMMER IN JUNE, YOU'LL BE PRESENTED WITH A SALE FOR IMPROVEMENT AREA SIX.

THAT DOES COMPLETE ALL PHASES FOR EASTRIDGE.

SO WE WILL NOT HAVE ANY FUTURE BOND SALES FOR THAT WILL WRAP IT UP.

THIS RESOLUTION BEGINS THE PROCESS TO LEVY ASSESSMENTS AND SELL BONDS ON PHASE 6 IS MADE UP OF IMPROVEMENT AREAS 6A AND 6B WITH THOSE ITEMS COME BACK BEFORE Y'ALL ON JUNE 8TH.

QUICK UPDATE ON THESE IMPROVEMENT AREAS, THIS IS INFORMATION THAT HAS BEEN PROVIDED BY THE DEVELOPMENT TEAM.

6A INCLUDES 155 SINGLE FAMILY HOMES, SINGLE FAMILY LOTS, 60 FOOT RESIDENTIAL LOTS.

ESTIMATED VALUE OF THOSE LOTS IS $83,500, WITH THE AVERAGE ESTIMATED COMPLETED HOME VALUE OF $417,500, WITH TOTAL BUILD-OUT IN 6A BEING ALMOST $65 MILLION.

IMPROVEMENT AREA 6B IS 298 SINGLE-FAMILY, 40-FOOT RESIDENTIAL LOTS, AVERAGE FINISHED LOT VALUE OF $61,000, COMPLETED HOME ESTIMATE OF $305,000, WITH TOTAL BUILD-OUT BEING ALMOST $91 MILLION.

SO AGAIN, THIS RESOLUTION, WHAT IT DOES IS AUTHORIZES THE CITY SECRETARY TO PUBLISH NOTICE OF A PUBLIC HEARING THAT'S GOING TO BE SCHEDULED FOR JUNE THE 8TH.

ALL OF THE ASSESSMENTS ARE DESCRIBED IN THE PRELIMINARY SERVICE AND ASSESSMENT PLAN, WHICH IS ATTACHED.

THE PRELIMINARY SERVICE AND ASSESSMENT PLAN, WHEN WE COME TO YOU ON JUNE THE 8TH, WILL BE THE FINAL SERVICES AND ASSESSMENT PLAN, WHICH WILL REFLECT THAT DAY'S BOND SALE.

THAT IS PREPARED BY MUNICAP, REPRESENTED BY ABDI HERE THIS EVENING.

AS YOU ALL KNOW, THAT'S A VERY DETAILED DOCUMENT, BUT IT DOES CONTAIN ALL THE INFORMATION ANYONE COULD WANT TO KNOW ABOUT THESE IMPROVEMENT DISTRICTS, THE AUTHORIZED IMPROVEMENT COSTS, AND PARTICULARLY FOR HOMEOWNERS, WHAT THE ASSESSMENTS THAT THEY'RE PAYING ON THAT.

IF YOU ALL DO APPROVE THIS RESOLUTION...

I WILL COORDINATE WITH CITY SECRETARY'S OFFICE TO GET THE NOTICE PUBLISHED IN THE PRINCETON HERALD AS WELL AS MAILED TO THE RECORD OWNERS OF THE PROPERTY.

AND THEN THIS IS JUST A SNIPPET.

I KNOW THE COUNCIL ALWAYS WANTS TO MAKE SURE EVERYONE'S AFFORDED ALL OPPORTUNITIES TO KNOW ABOUT THESE, PARTICULARLY WHAT MOST FOLKS OBVIOUSLY CARE ABOUT IS THE AMOUNT OF THE ASSESSMENTS.

SO THESE SNIPPETS ARE WHAT ARE IN THE PRELIMINARY SERVICE AND ASSESSMENT PLAN FOR 6A AND 6B.

AND AGAIN, THIS WILL ALL BE

[02:45:01]

PRESENTED AGAIN TO YOU FOR FINAL ADOPTION ON JUNE 8TH.

IF YOU HAVE ANY QUESTIONS ON THIS, I WOULD BE HAPPY TO ENTERTAIN THEM.

AND AGAIN, THE UNICAP IS HERE IF YOU HAVE QUESTIONS ON ANY PARTICULARS.

JUST TO BE CLEAR, THIS IS THE LAST TERS THAT EASTRIDGE CAN COME TO US FOR GOING FORWARD DUE TO THE CHANGES IN THE AGREEMENT THAT WE MADE.

THIS DOES WRAP UP ALL THE EASTRIDGE FINANCING, YES MA'AM.

AND THIS MOTION IS TO MOVE FORWARD WITH THE PUBLIC HEARING? THAT'S CORRECT, SIR.

THIS RESOLUTION REALLY STATES THAT WE'RE GOING TO AUTHORIZE PUBLICATION OF NOTICE OF A HEARING TO BE HELD ON JUNE THE 8TH, AND WE'LL BE BACK TO SUPPORT YOU THEN.

PERFECT.

IF THERE'S NO OTHER QUESTIONS, I'LL ENTERTAIN A MOTION.

YOUR HONOR, IF THERE'S NO OTHER QUESTIONS, I'LL MAKE A MOTION TO APPROVE ITEM L6-2026-0511, RLC, RESOLUTION DETERMINING THE COST AND CONTRARY TO CONSIDER AN ORDINANCE LEVYING ASSESSMENTS ON PROPERTY LOCATED WITHIN THIS BRIDGE.

SO, MAYOR, JUST FOR THE RECORD, MISS DEBRA GRACE STEPPED OUT RIGHT BEFORE Y'ALL TOOK THE VOTE.

MR. WASHINGTON, SECOND.

MISSING ONE OF THEM.

SO, I DON'T KNOW WHEN SHE'S GOING TO BE BACK.

[L7. 2026-05-11-R08 Consider Resolution No. 2026-05-11-R08 Proposing Amendments to the Project Plan and Financing Plan for Reinvestment Zone Number Three and Calling a Public Hearing (Eastridge Public Improvement District); and take appropriate action.]

CAN WE PROCEED WITHOUT HER? OKAY.

MOTION PASSES 5-0.

THIS WILL TAKE US TO ITEM HOUSE 7, MS. COOK.

CONSIDER RESOLUTION 2026, 0511R08, PROPOSING AMENDMENTS TO THE PROJECT PLAN AND FINANCING PLAN FOR REINVESTMENT ZONE NUMBER 3 AND CALLING A PUBLIC HEARING, EASTRIDGE PUBLIC IMPROVEMENT DISTRICT.

AND TAKE APPROPRIATE ACTION.

MR. GOLBIS.

GOOD EVENING AGAIN, MAYOR AND COUNCIL.

YES, THIS IS ON.

STAYING IN THE EASTRIDGE DISTRICT, OBVIOUSLY LIKE ALL OTHER PRIOR PHASES FOR EASTRIDGE, IT DOES HAVE THE TERS OVERLAY, THE PURPOSE OF WHICH IS TO...

USE A PORTION OF THOSE TERS INCREMENTS TO BUY DOWN THE PIT ASSESSMENTS.

SO WHEN EASTRIDGE WAS CREATED IT DOES HAVE THE TERS OVERLAYING IT.

PER THOSE AGREEMENTS AN AMOUNT NOT TO EXCEED 45% OF THE TERS INCREMENT IS WHAT IS USED TO BRING DOWN OR BUY DOWN THOSE PIT ASSESSMENTS.

THIS HAS BEEN CONSISTENT WITH ALL THE OTHER PHASES IN EASTRIDGE.

THE REMAINING 55% OF THE INCREMENT IS AVAILABLE FOR THE CITY TO USE FOR ANY LAWFUL PURPOSE.

AND SO WHAT THIS DOES IS KICKSTART THE PROCESS TO AMEND THE TERS PLANS.

AGAIN, ANY TIME THERE IS A BOND SALE, THE TERS PLANS DO GET UPDATED TO REFLECT THAT BOND SALE AND REFLECT THE MECHANICS OF THE TERS FOR THAT PARTICULAR PHASE.

SO, AGAIN, WHAT THIS DOES IS WE PROCEED WITH THE 6A AND 6B ISSUANCE.

THIS AUTHORIZES, GIVES NOTICE OF A PUBLIC HEARING, WHICH IS GOING TO BE HELD ALSO ON JUNE THE 8TH, AND AUTHORIZES PUBLICATION OF NOTICE OF THAT.

INCLUDED IN THE RESOLUTION ARE THE PRELIMINARY PROJECT AND FINANCE PLANS FOR TERS 3, WHICH IS THE EASTERN TERS.

AGAIN, THOSE COVER EVERYTHING OF ANYONE WANTING TO KNOW HOW THE TERS WORKS AS WELL.

AND WHILE THIS DOES SAY MAY 26TH IN MY SLIDE, THAT PUBLIC HEARING ACTUALLY IS GOING TO BE ON JUNE 8TH, WHICH COINCIDES WITH THE DATE OF THAT BOND SALE.

YOUR HONOR, IF THERE'S NO QUESTIONS OR COMMENTS, I'LL MAKE A MOTION TO APPROVE ITEM L7-2026-0511-R08.

ALL RIGHT, WE HAVE A SECOND.

WE'LL HAVE MR. WATSON SECOND.

[L8. 2026-111 Consider a request to table discussion on the final plat for Crossmill Phase 1A subject to acceptance of Brookside Blvd.; and take appropriate action]

ALL RIGHT, MOTION PASSES 5-0.

THIS WILL TAKE US TO ITEM L8.

MS. COOK? CONSIDER A REQUEST TO TABLE DISCUSSION ON THE FINAL PLOT FOR CROSS MILL PHASE 1A, SUBJECT TO ACCEPTANCE OF BROOKSIDE BOULEVARD, AND TAKE APPROPRIATE ACTION.

MRS. ROOS? ARE WE JUST TABLING THIS? YES, SIR.

YEAH, THIS TIME, I'M SAYING A MOTION.

[02:50:03]

WAIT, WE'RE DOING THAT? WE'RE TABLING IT AGAIN? DIDN'T WE JUST TABLE IT? YES, MA'AM, BUT THEY STILL DON'T HAVE THEIR LIGHTS DELIVERED, SO THEY'RE STILL WAITING.

ALL RIGHT, I'LL MAKE THAT MOTION TO TABLE ITEM L8.