Feb 22, 2024 Town Council

[1. CALL TO ORDER]

[00:00:06]

GOOD EVENING, LADIES AND GENTLEMEN, WELCOME TO THE TOWN COUNCIL MEETING IN THE TOWN OF NORTH LAKE FEBRUARY 22ND 2024. IT IS 5:31 P.M. LET'S GET STARTED. BELIEVE WE HAVE PASTOR ELI HERE FROM THE ALLIANCE CHURCH OF CHRIST. COME ON DOWN. INTRODUCE YOURSELF AND OPEN US IN PRAYER. IF YOU WOULD PLEASE UH, THANK YOU, MAYOR. UH, MY NAME IS, UH ELISO HINOJOS. I AM THE PREACHING MINISTER FOR THE NORTH TEXAS CHURCH OF CHRIST. IT'S AN HONOR TO BE HERE. SO PRAY WITH ME, PLEASE. HEAVENLY FATHER. THANK YOU FOR ALLOWING US TO BE HERE TONIGHT. I PRAY FOR THIS COUNCIL MEETING, UH TONIGHT AND ESPECIALLY FOR THESE COUNCIL MEMBERS. UH, WE PRAY THAT, UH, YOU GIVE THEM WISDOM AND GUIDANCE AS THEY DELIBERATE AND TALK ABOUT SOME OF THE ITEMS BEFORE THEM. MAY EVERY DECISION FATHER BE RIGHTEOUS IN YOUR SIGHT. AND MAY THEY BE FOR THE BENEFIT OF OUR CITY AND FOR YOUR GLORY. IT'S IN YOUR SON'S NAME THAT WE PRAY. AMEN.

NOT YES. YES. SAY. ALL RIGHT. WE HAVE A NUMBER OF BRIEFINGS TONIGHT AS THE MAJORITY OF WHAT WILL BE COVERING THIS EVENING FOR OUR TIME TOGETHER. UM, WE'RE GONNA GET STARTED WITH

[Additional Items]

APRIL 15TH. AT NOON. WE DON'T HAVE, UM. WE DON'T HAVE THE CHAMBERS AVAILABLE. THE NORMAL FOUR THURSDAY BECAUSE OF EARLY VOTING FOR THE LOCAL ELECTION. SO WE'VE WE'VE MOVED THAT AND AGAIN WORKING WITH THE COUNSELORS AND WHAT FITS THEIR SCHEDULE BEST. SO THOSE ARE TWO SPECIAL MEETINGS. THERE WILL NOT BE A FOR THURSDAY MEETING IN APRIL DUE TO EARLY VOTING. AND DEPENDING ON HOW THE SCHEDULING GOES, THERE MAY NOT BE A SECOND MEETING IN MARCH ON MARCH 28TH, BUT WE'LL LET YOU KNOW AS WE GET CLOSER TO THAT WE MAY BE ABLE TO CANCEL THAT. CANCEL THAT ONE, DEPENDING ON WHAT'S GOING ON. SO JUST KEEPING YOU IN THE LOOP, KEEPING THE PUBLIC IN THE LOOP

[2.A. Briefing - Enterprise Fleet Management Services]

REMEMBER THE, UH REMEMBER THE WASTE COLLECTION? UH WE KIND WE KIND OF THREW HIM OUT THERE, SO HE'S BEEN THROUGH THE RINGER ONCE. SO JOHN THOMPSON. THANKS I THINK I LEARNED MY LESSON FROM THAT. SO UH, AS PREPARED AS POSSIBLE. SO UH, GOOD EVENING, MAYOR AND COUNCIL SO WE'LL DIVE INTO THIS ENTERPRISE LEASE MANAGEMENT PROGRAM. I GOT THE CLICKER. SO AS THE TOWN HAS CONTINUED TO GROW, SO IS THE NEED FOR SOME CORE SERVICES THAT INCLUDES HAVING VEHICLES FOR THOSE CORE SERVICES. AND PART OF THAT IS LOOKING AT POTENTIALLY HAVING SOME TYPE OF PROFESSIONAL FLEET MANAGEMENT. UH, WE THINK HAVING A PROFESSIONAL FLEET MANAGEMENT SERVICE WOULD HELP TO IMPROVE THE AGE OF THE FLEET. RIGHT NOW. OUR VEHICLES ARE CURRENTLY ABOUT SIX YEARS OLD, ON AVERAGE, BE NICE TO BRING THAT DOWN CLOSER TO 4 TO 5 YEARS. UH, HELP IMPROVE SOME OF OUR PURCHASING EFFICIENCIES. UH, VEHICLE MAINTENANCE AND RETIREMENT AND THEN TO DELAY THE NEED TO HIRE DEDICATED FLEET MANAGEMENT POSITIONS AND PROBABLY MOST IMPORTANTLY, PROVIDE SOME LONG TERM COST SAVINGS INTO THE FUTURE. NOW WE'VE BEEN LOOKING AT ENTERPRISE AS A SOLUTION FOR THIS. WE BELIEVE THAT THEY CAN HELP US WITH SHORTENING THAT VEHICLE LIFE SPAN AND ALSO PROVIDE US WITH ACCESS TO A NATIONWIDE NETWORK FOR PURCHASING AND SELLING VEHICLES HELP TO KIND OF PREVENT SOME OF THOSE ISSUES THAT WE'VE SEEN IN THE PAST

[00:05:03]

AUTHORIZATION OF THIS AT THE NEXT COUNCIL MEETING, AND WITH THAT, I'M GONNA TURN IT OVER. IF YOU ALL DON'T HAVE ANY QUESTIONS FOR ME RIGHT NOW TO REPRESENT FOR ENTERPRISE, JENNIFER, SHE'S JUST GOING TO GIVE A SHORT PRESENTATION. AND SHE CAN TAKE ANY ADDITIONAL QUESTIONS. YEAH.

THANK YOU, JOHN. HE DID SO GREAT . I DON'T KNOW THAT THERE'S MUCH MORE FOR ME TO SAY. I'M KIDDING.

UM MAYOR COUNCIL. THANK YOU FOR YOUR TIME. TODAY WE JUST WANNA QUICKLY HIGH LEVEL GIVE YOU A 30,000 FT VIEW. WHOSE ENTERPRISE ? UM, HOW DO WE WORK WITH, UH CITIES COUNTIES, UNIVERSITIES, SCHOOL DISTRICTS ACROSS TEXAS OVER 100 DIFFERENT CITIES THAT WE WORK WITH IN TEXAS ALONE. UM AND WHAT THAT MEANS FOR NORTH LAKE, ESPECIALLY AS YOU GUYS GROW. SO YOU MIGHT NOTICE ENTERPRISE RENT A CAR OR THE ENTERPRISE SYMBOL RIGHT THERE IN THE MIDDLE. THAT IS OUR PARENT COMPANY. UM, THE SIGNIFICANCE THERE IS, WE'RE THE LARGEST PURCHASER AND RESELLER OF VEHICLES IN THE WORLD. UM IT'S CRAZY BECAUSE WE STARTED OUT WITH SEVEN CADILLACS IN THE SIXTIES, AND WE'VE GROWN TO ALMOST 1.9 MILLION VEHICLES, SO IT MAKES US THE LARGEST PURCHASER AND THE LARGEST RESELLER OF VEHICLES IN THE WORLD. AND SO HOW THAT TRANSLATES TO A CITY IS ONE OUR ECONOMIES OF SCALE AND INFRASTRUCTURE ACROSS THE COUNTRY. UM, BUT, UH RELATIONSHIPS THAT WE HAVE THE BUYING POWER THAT WE HAVE, UM AND ESSENTIALLY THE BLUEPRINT THAT WE RUN ON THE ENTERPRISE. RENT A CAR SIDE UNDERSTANDING HOW TO BUY A VEHICLE. HOW LONG TO RUN IT INTO THE MARKET, AND MOST FOLKS DON'T KNOW THE BIGGEST PROFIT CENTER FOR OUR RENT. A CAR SIDE IS RESELLING OUR ASSETS AND SO THE INFRASTRUCTURE AS IT RELATES TO OUR MARKETING DIVISION AND HOW CLIENTS CAN PIGGYBACK ON THAT ALLOWS US TO MAXIMIZE THAT EQUITY ON THE BACK END AND ALSO ADVISE ON HOW LONG TO RUN AN ASSET. UM AND KIND OF LIKE PLAYING THE STOCK MARKET BY LOW AND SELL HIGH. SO HERE ARE SOME OF THE FOLKS THAT WE WORK WITH CLOSE BY, UM, SOME MAYBE SIMILAR POSITION. UM, AS YOU ALL FROM A GROWING PERSPECTIVE, MELISSA AND ANNA WOULD BE TWO GREAT EXAMPLES . UM THEY CAME ON BOARD WITH US REALLY LOOKING ONE FOR THE SAME THING. THE INFRASTRUCTURE, THE ABILITY TO PUT SOME EFFICIENCIES IN PLACE. UM HELP ALLEVIATE SOME OF THE ADMINISTRATIVE BURDEN THAT STAFF WAS TAKING ON, UH, WEARING MULTIPLE HATS, IF YOU WILL, UM, BUT ALSO THEN, LOOKING AT, YOU KNOW, CAPITAL SPEND AND CASH FLOW. AS THE ORGANIZATION GROWS. HOW DO WE MAXIMIZE CASH FLOW SO THAT WE ONE CAN SUSTAIN A GOOD REPLACEMENT PLAN, SO IT'S COST EFFECTIVE TO REPLACE VEHICLES THAT DOESN'T HINDER US FROM ALSO ADDING TO THE FLEET, AND SO A LOT OF THESE CITIES AS THEY WERE GROWING HAD TO MAKE DECISIONS. IF THEY WERE JUST, YOU KNOW, OUT LAYING ALL THEIR CAPITAL BUDGET TOWARDS GROWTH THAN TO DEFER REPLACEMENT LONG. SO THEN THEY END UP RUNNING POLICE VEHICLES. FOR EXAMPLE, YOU KNOW, 56789 1012 YEARS LONG BECAUSE AGAIN THE CAPITAL BUDGET YOU KNOW, THEY HAVE TO MAKE A DECISION. YOU KNOW WHERE THEY'RE GOING TO PUT THEIR MONEY, SO WE'RE GONNA TALK A LITTLE BIT ABOUT HOW WE'RE GOING TO LOWER THE TOTAL COST OF OWNERSHIP. CAPITAL SPEND IF YOU LOOK AT THE TOTAL BUDGET IS A GOOD PIECE OF THE PIE. UM BUT YOU'RE OPERATING COST GENERALLY MAKES UP 60 TO 70% OF THE SPEND SO THE WAY THAT WE CAN LOWER THE TOTAL BUDGET IS TO IMPLEMENT A HEALTHY VEHICLE LIFE CYCLE, SO UNDERSTANDING AGAIN WHEN TO RESELL THOSE VEHICLES, RECOUPING THAT EQUITY BACK INTO THE FLEET AND ALSO SELLING AT THE RIGHT TIME AND NOT DRIVING THEM TOO LONG. WHERE THE OPERATING COST GOES UP IS THE ABILITY TO REDUCE BOTH PIECES OF THE PIE. IF YOU WILL.

SO AS AN EXAMPLE OF THE BUYING POWER. YOU GUYS ARE ALREADY TAKING ADVANTAGE OF. THIS IS AN EXAMPLE OF A 2021 CHEVY SILVERADO. THAT UNIT COULD BE, UM, BOUGHT RETAIL FOR 39,000. A CITY COULD BUY THAT SAME EXACT VEHICLE FOR $21,000 ON THE STATE CONTRACT. SO A LOT OF CITIES ARE DOING A GREAT JOB FROM A PURCHASING PERSPECTIVE, BUT MAYBE NOT SPENDING AS MUCH TIME LOOKING AT THE RESALE RIGHT WHERE THEY'RE THEY'RE DOING A GOOD JOB WITH THE BID PROCESS FROM AN AUCTION STANDPOINT, BUT REALLY LOOKING AT WHAT IS THE MARKET LOOK LIKE IF WE SOLD VEHICLES AT THE RIGHT TIME, SO WE'D PULLED SOME THIRD PARTY DATA. THESE UNITS 2019 SO IN THIS SCENARIO WOULD BE TWO YEARS OLD. THEY AVERAGE ODOMETER FOR THOSE WAS 27,000 AVERAGE SALES PRICE WAS 26 3. SO IF THAT WAS YOUR VEHICLE, WE WOULD HAVE RUN IT FOR TWO YEARS, TURN AROUND

[00:10:06]

THOSE UNITS WERE A YEAR NEWER AND IN THAT SITUATION, YOU WOULD HAVE HAD A PROFIT OF 3800. NOT EVERY VEHICLE IN THE FLEET. WE'RE GOING TO TURN OVER EVERY 12 MONTHS OR ANYTHING LIKE THAT.

UM, BUT IT JUST GOES TO SHOW THE BUYING POWER AGAIN. YOUR GOVERNMENT INCENTIVES AND YOUR ABILITY TO BUY WELL BELOW MARKET VALUE. IT'S JUST WATCHING THE MARKET. WE WANT TO MAKE SURE WE'RE DEPRECIATING THE ASSET APPROPRIATELY AS WELL, YOU KNOW, UH, POLICE UNIT THAT HAS, YOU KNOW, SIGNIFICANT AFTERMARKET ON IT. UH, WE WANNA MAKE SURE WE START OUT STRETCH OUT THAT DEPRECIATION COST AND NOT NECESSARILY REPLACE THEM TOO SOON, EITHER. UM SO ALL OF THAT IS ESSENTIALLY BUILT INTO A COST ANALYSIS THAT IDENTIFY THAT RIGHT TIME. THIS ESSENTIALLY IS THE VISUALIZATION OF WHAT OUR ANALYSIS SHOWS THAT MOST FOLKS THINK IT'S THE OPERATING COST.

THAT'S THE BIGGEST TIPPING POINT TO YOUR QUOTE, BREAK, EVEN OR YOUR, YOU KNOW, LOWEST COST OF OWNERSHIP. IT'S ACTUALLY THE RESALE VALUE OR WHAT YOU COULD HAVE SOLD THE VEHICLE FOR HAD YOU HAVE GOTTEN RID OF IT AT THE RIGHT TIME. THAT'S THE MOST IMPORTANT COMPONENT. SO WHEN A CITY LOOKS AT THIS, AND THEY SAY, OK, WE'VE SEE UNDERSTAND THE MATH BEHIND IT NOW. HOW DO WE SUSTAIN THIS LONG TERM? YOU KNOW, A CITY COULD CONTINUE TO PAY CASH IF THEY CHOSE. UM, AND IN THIS SCENARIO, I JUST USE ROUND NUMBERS FOR THE SAKE OF THIS EXAMPLE. IF YOU HAD 30 VEHICLES AND YOU WERE PLACING THEM, YOU KNOW, EVERY SIX YEARS OR SO YOU'D REPLACE FIVE A YEAR UM, SO YOU WOULD HAVE TO BUILD INTO YOUR CAPITAL BUDGET $300,000 THIS YEAR AND NEXT YEAR AND NEXT YEAR AND NEXT YEAR IN ORDER TO REPLACE THOSE ASSETS. SO YOU COULD DO THAT, BUT IT'S IT DOES REQUIRE A LITTLE BIT MORE CAPITAL RIGHT AND IT TIES IT UP IN A DEPRECIATING ASSET.

YOU COULD DO A TRADITIONAL FINANCE. UM JUST LIKE I'M SURE EVERYBODY'S FAMILIAR WITH FINANCING YOUR ON YOUR OWN CAR RIGHT WHERE THE PRINCIPAL PORTION OF YOUR PAYMENT WOULD BE 12 GRAND VERSUS OUT LAYING ALL 60,000 IN THAT FIRST YEAR OR NET DIFFERENCE IN CASH FLOW OF 240,000. BUT WHAT 99% OF OUR CLIENTS ARE USING IS THE MARKET VALUE FINANCE. IT'S ALSO CALLED AN OPEN END LEASE, NOT A DEALERSHIP LEASE. UM I, I KIND OF CRINGE WHEN I HEAR THE WORD LEAST, BECAUSE YOU THINK OF MILEAGE PENALTIES AND WEAR AND TEAR PENALTIES. THAT IS NOT THAT TYPE OF LEASE. WE DO NOT RECOMMEND THAT, UM, IT DOESN'T WORK IN THE COMMERCIAL APPLICATION. UM THIS TYPE OF LEASE, IT'S ESSENTIALLY ONLY A LEASE BECAUSE OF THE ACCOUNTING TREATMENT. UM IT COULD BE AN OPERATING LEASE OR A CAPITAL LEASE, DEPENDING ON HOW AND IT IS IN THE COMMERCIAL WORLD. OF OUR CONTRACTORS, IF YOU WILL MIGHT WANT TO TREAT IT AS AN OPERATING EXPENSE VERSUS A CAPITAL EXPENSE. UM BUT WITH THAT SAID, IT TASTES, MEALS SMELLS AND FEELS JUST LIKE FINANCE. UM YOU MAINTAIN ALL THE EQUITY IN THE VEHICLE, NO MILEAGE PENALTIES, NO WEAR AND TEAR PENALTIES. THE ONLY DIFFERENCE IS THE AMOUNT THAT WE'RE GONNA FINANCE OVER THE TERM. SO, FOR EXAMPLE, I'VE REALLY GOTTA REMOVE THESE TRANSITIONS FROM THIS SLIDE. SORRY SO LIKE, UM, FOR EXAMPLE, IN A TRADITIONAL FINANCE, LET'S JUST SAY THE VEHICLE IS $50,000. YOU WOULD FINANCE THAT VEHICLE DOWN TO ZERO. RIGHT YOU PAY IT OFF OVER FOUR OR FIVE YEARS, HOWEVER LONG YOU DECIDE TO FINANCE IT. IF IT'S WORTH 20,000, WHEN WE SELL IT, YOU GET ALL YOUR EQUITY BACK AT THE END. SO ESSENTIALLY, YOU'RE PUTTING $20,000 IN THE GLOVE BOX AND DRIVING AROUND FOR FOUR OR FIVE YEARS AND THEN WHEN WE GO TO SELL IT, YOU GET ALL YOUR EQUITY BACK AT THE END THE MARKET VALUE FINANCE SAYS IF WE'RE GOING TO REPLACE IT IN FOUR OR FIVE YEARS, AND WE KNOW IT'S WORTH 20,000, WHY DON'T WE JUST FINANCE IT DOWN TO 10? SO ESSENTIALLY, WE'RE ONLY FINANCING THE 40,000 INSTEAD OF THE FULL 50 SO THEREFORE FROM A MONTHLY OR ANNUAL PAYMENT PERSPECTIVE, YOU'RE OUT LAYING LESS CAPITAL. UM AND WHEN IT SELLS FOR 20 THAT 10 GRAND IN EQUITY IS STILL IS STILL YOURS AGAIN. NO MILEAGE, PENALTIES OR WEAR AND TEAR PENALTIES. THIS ESSENTIALLY IS THE CASH FLOW TOOL THAT ALL THE CITIES THAT WE'RE WORKING WITH. ARE YOU USING IN ORDER TO SUSTAIN A REPLACEMENT PLAN LONG TERM BECAUSE NOW THEY'RE NOT IN A IN A PLACE WHERE THEY HAVE TO DECIDE. OK DO I, YOU KNOW, SPEND 50 TO 60,000. AND FOR POLICE TAHOE. OR HIRE THE POLICEMAN.

UM, WHERE DO WHERE CAN WE SPEND OUR CAPITAL? IT ALLOWS US TO SPEND, UH, STRETCH THE CAPITAL FURTHER AND THEREFORE REPLACE MORE VEHICLES MORE FREQUENTLY WITHIN THE SAME CAPITAL DOLLARS.

FROM A DISPOSAL PERSPECTIVE. WE TALKED ABOUT SELLING VEHICLES AT THE RIGHT TIME. SELLING THEM TO THE RIGHT BUYER IS EQUALLY AS IMPORTANT. UM WE HAVE AN INFRASTRUCTURE OUR WE'RE MARKETING DIVISION I MENTIONED BEFORE THAT HAND SELLS VEHICLES. 15% OF THE TIME WE DO USE AUCTION. UM WE DO RUN OUR OWN LANE AND THEREFORE DOES GENERALLY, UH, YIELD A HIGHER RATE OF RETURN. UM, BUT 85% OF THE TIME WE'RE SELLING BACK DIRECT TO DEALER IN THAT SIGNIFICANT BECAUSE THAT OUTPACES AUCTION BY OVER 10% SO ON A $20,000 VEHICLE THAT'S AN

[00:15:03]

UM, BY DOING SO, WE'RE GONNA REDUCE OUR FUEL SPEND BY 13% AND MAINTENANCE BY 35 AND OUR ABILITY TO RESELL VEHICLES IS SIGNIFICANT PIECE OF THE EQUITY COMING BACK INTO YOUR CAPITAL BUDGET THAT HELPS SUSTAIN THIS LONG TERM AS WELL. ON AVERAGE, WE'RE GONNA SAY SAVE ABOUT 250,000 OVER THAT EIGHT YEAR PERIOD, WHICH WE FEEL LIKE IS CONSERVATIVE. UM, BUT WE WOULD YOU KNOW, RATHER UNDER PROMISE AND OVER DELIVER. UM SO WE LOOKED AT THIS FROM A VERY CONSERVATIVE PERSPECTIVE. UM AND ULTIMATELY, WE'RE GOING TO BE GIVING STAFF A BUNCH OF TOOLS TECHNOLOGY REPORTING DASHBOARD THAT'S GONNA REALLY HELP THEM, YOU KNOW, HAVE DIAL IN ON ALL THE EXPENSE. AND UM, YOU KNOW, BE ABLE TO, YOU KNOW, WE'RE GONNA BE TAKING A LOT OF THE ADMINISTRATIVE BURDEN OFF THEIR PLATE. ANY QUESTIONS? IF WE'RE RECYCLING THESE CARS MORE OFTEN.

THE COST OF OUTFITTING A POLICE VEHICLE IS SUBS SUBSTANTIAL YEAH, UM, DREW. WHAT'S IT COST US THE OUTFIT OF POLICE VEHICLE. ROUGHLY UM. IT AT LEAST 25,000. I THINK IT'S WITH INFLATION IS PROBABLY CLOSER TO 40. NOW IT'S SOMEWHERE AROUND 30. OK, SO MY QUESTION IS, I MIGHT NEED SOME AIR MATH HERE. MAYOR IF WE DO 25,000 EVERY FOUR YEARS INSTEAD OF EVERY SIX YEARS VERSUS THE SAVINGS OF THIS THAT'S ACTUALLY BUILT IN ALREADY. THAT'S THE OUTFITTING IS BUILT IN HERE ALREADY. OK, THANK YOU. GOOD MATH. I'VE BEEN TRACKING UM, YOUR MODELING IT CORRECT.

THERE'S A COUPLE OF ASSUMPTIONS HERE, THOUGH, THAT I JUST WANT TO PRESSURE TEST A LITTLE BIT.

SO REDUCING FUEL SPENT AND MAINTENANCE IS SOMETHING THAT WE CAN ACHIEVE OURSELVES. BY CYCLING, OUR CARS FASTER. YOU'RE CORRECT THAT OUR DEPRECIATION WOULD COST WOULD GO UP. UM, SO THAT'S OFFSET THERE, BUT WE COULD ACHIEVE THIS IN COST OURSELVES THE DEPRECIATION THE PACE OF THIS THAT I'M STILL WRAPPING MY HEAD AROUND. I. I BUY THE ASSUMPTION THAT YOU CAN SELL IT HIGHER VALUES AT AUCTION THAT MAKES PERFECT SENSE. AND THE ABILITY TO BUY AT MARKET RATES OR BELOW MARKET RATES IS EXCELLENT AS WELL. THE PIECE IN THE MIDDLE. THERE WASN'T QUITE CLEAR ON IS IF WE'RE ADOPTING THIS PROGRAM ARE WE THEN ADOPTING INTEREST FINANCING IN THE MIDDLE, SO EVEN THOUGH YOU MIGHT NOT BE FINANCING THE FORECAST OF CAPITAL UH ARE WE NOT INCURRING SOME COSTS THAT WERE BEARING THAT WE WOULDN'T BE BEARING IF WE'RE PAYING CASH? NO YOU'RE ABSOLUTELY RIGHT. WE LOOKED AT THE BOTTLE. UM FROM BOTH PERSPECTIVES, WE LOOKED AT IT IN TRUE CASH VERSUS CASH AND CASH VERSUS A LEASE SCENARIO, UM , OF WHICH THE CITY COULD DO EITHER. UM, BUT THE CASH FLOW PIECE OF IT WHILE THERE IS AN INTEREST COMPONENT, UM, WAS STILL MORE ADVANTAGEOUS TO THE CITY. UM, IT WAS THE ABILITY TO SAVE THAT CAPITAL AND USE TOWARDS OTHER PRIORITIES IN THE CITY THAT YOU WOULDN'T HAVE, IF YOU CONTINUE TO PAY CASH SAVINGS EITHER WAY. IT'S JUST IT'S WHERE YOU WANT TO PUT YOUR CAPITAL. I'M LOOKING AT MY FINANCE GUY.

HE'S NODDING SO YOU'RE SELLING YOUR POINT? YEAH WE DID GO THROUGH. WE ACTUALLY STARTED WITH THE CASH MODEL AND IT I MEAN, IT PLAYS OUT IN BOTH SCENARIOS. IT MAKES SENSE TO REPLACE VEHICLES AT THE RIGHT TIME. IT'S JUST FOR EVERY CITY THEY HAVE TO MAKE THE DECISION ON RIGHT NOW, AND THAT DOESN'T MEAN IT'S FOREVER EITHER THAT YOU MIGHT DECIDE IN A COUPLE OF YEARS FROM NOW THAT YOU WANNA GO BACK TO PAYING CASH, AND YOU COULD DO THAT WITH US. THAT'S TOTALLY FINE. SO WHAT MAKES SENSE FROM A CASH FLOW SO ME ASK THIS ANOTHER WAY. IS THERE A CASH MODEL WHICH ALLOWS US TO OUTLAY THE CAPITAL? AND IS ESSENTIALLY A SAFE MORE. USING YOUR MODEL. OR IS IT YOU HAVE TO FINANCE IN ORDER TO USE YOUR MODEL? YEAH IT DOESN'T. IT DOESN'T SAVE THAT MUCH MORE. YOU'RE SAVING A LITTLE BIT IN INTEREST, BUT OVERALL, IF YOU LOOK AT IT FROM A CASH FLOW POSITION, YOU'RE OUT LAYING MORE . YOU'RE GETTING MORE EQUITY BACK AT THE END, BUT IT'S IN THE FIRST COUPLE OF YEARS. YOU WOULD BE OUT LAYING MORE BEFORE THAT EQUITY STARTS TO RECOUP IF THAT MAKES SENSE. NO I. I UNDERSTAND THE CASH FLOW PROBLEM FROM A LOCAL FINANCING STANDPOINT, UNDERSTOOD AT THE SAME TIME WE WANT TO MAKE SURE WE'RE

[00:20:02]

TO SAVE A LITTLE BIT MORE ON FUEL AND MAINTENANCE, WHICH WE CAN ACHIEVE OURSELVES, BUT WE'RE OFFSETTING THE DEPRECIATION. SO I GET THE LEVERS THAT ARE GOING IN BOTH DIRECTIONS. I'M JUST TRYING TO WRAP MY HEAD AROUND. THE OPTIONS THAT ARE AVAILABLE TO US ARE. ARE THEY BINARY? OR IS THERE LIKE AN IN BETWEEN MODEL? SO IS THERE PURE CASH MODEL? WE OUTFIT OUR OWN CARS.

WE DO OUR OWN THING VERSUS A FULL FINANCING MODEL WHERE USE YOUR ENTIRE MODEL. IS THERE A MIDDLE RUNWAY WHERE WE'RE NOT FINANCING? THEN I GET THE NOD. OK YEAH, THAT THE CASH MODEL THAT WE PUT TOGETHER WAS WITH US STILL MANAGING IT. YOU'RE JUST PAYING US CASH. THAT'S WHAT I WAS LOOKING FOR. YES, VERY GOOD, AND WE DID GO THROUGH THAT. I'VE ONE OTHER QUESTION. DOES YOUR BUYING POWER ALLOW US TO OBTAIN THESE VEHICLES. SO WE'VE HAD SOME PROBLEMS OBTAINING VEHICLES . OH, THERE'S ONE IN STOCK RIGHT HERE, AND WE NEED TO GRAB THAT ONE BECAUSE IT'S THE ONLY ONE THAT WE CAN FIND. UM IS YOUR BUYING POWER SUBSTANTIALLY MORE THAT WE CAN SECURE THOSE VEHICLES AND HAVE THEM DELIVERED ON TIME OR MORE ON TIME THAN WE'RE USED TO IN THE LAST FEW YEARS, SO A BIG PART OF THE ONGOING MANAGEMENT OF OUR RELATIONSHIP IS THAT WE'RE GOING TO MEETING WITH STAFF A COUPLE TIMES A YEAR. UM THE FLEET PLANNING MEETING IS PROBABLY THE MOST IMPORTANT BECAUSE IT'S ALIGNED WITH THE MODEL YEAR AND SO FOR OUR CLIENTS WERE ABLE TO GET AHEAD OF THAT TO YOUR POINT. WHERE WHEN THE 2020 FIVES COME OUT, WE'RE ABLE TO ORDER THOSE ASSETS GET IN LINE WITH THE MANUFACTURER FIRST, WHERE THOSE UNITS ARE THEN ARRIVING FOR UP FT. BEF BEFORE, AS YOU CAN IMAGINE, MOST CITIES ARE WAITING TILL THEIR BUDGET HITS OCTOBER 1ST. THEN THEY'RE GETTING IN LINE WITH GETTING THE VEHICLE, THEN GETTING IT UP FITTED, AND SO THERE ARE ALMOST FOUR OR FIVE MONTHS BEHIND THE CURVE, SO WE CAN ORDER VEHICLES THAT WOULD ESSENTIALLY DELIVER IN NEXT FISCAL. AHEAD OF A LOT OF THE FOLKS THAT ARE IN LINE AND UP FIT. SO AND IN ADDITION, THERE ARE A LOT OF AVENUES BECAUSE WE MANAGE SO MANY VEHICLES OUT OF OUR DFW OPERATION ALONE. 30,000 UNITS. WE HAVE RESOURCES. SO IF WE CAN'T CONTROL THE MANUFACTURERS CANCELATIONS, BUT WE CAN SOURCE FROM OTHER AVENUES AND NOT HAVE STAFF HAVING TO FIGURE ALL OF THAT OUT RIGHT WHERE THAT'S PART OF WHAT WE'RE DOING FOR 10 OTHER CLIENTS AT THE SAME TIME UM SO THAT THAT PIECE OF IT THE AMOUNT OF TIME I THINK YOUR STAFF SPENT YOU KNOW, TRYING TO SOURCE TO YOUR POINT THAT WOULD BE ELIMINATED. WE WOULD BE DOING IT FOR YOU. THANK YOU. GREAT. THANK YOU. THANK YOU VERY MUCH. APPRECIATE YOUR TIME. ALRIGHT AGAIN STORMWATER

[2.B. Briefing - Stormwater Drainage Fee]

NOW, AS PART OF THIS, THERE ARE EXEMPTIONS. THE MANDATORY EXEMPTIONS ARE BUILT IN THAT 300,000. AND YOU CAN SEE THERE ON THE LEFT JUST WHAT THOSE EXEMPTIONS ARE, BUT WHEN LIVING

[00:25:04]

BERNIE AND THIS IS PROBABLY ONE THAT MIGHT RELATE THE MOST. THEY PHASED IN THEIR SCHOOL DISTRICT DRAINAGE FEES. WE HAVE A NUMBER OF STDS WITHIN OUR TOWN. THIS MIGHT BE SOMETHING TO LOOK AT.

AND TO PROVIDE TO THOSE STDS AND THERE'S A COUPLE OTHER ORGANIZATIONS. HOUSTON DOES A LOT. RICHARDSON FREDERICKSBURG ALSO DO SCHOOL DISTRICTS. THEY DO RELIGIOUS ORGANIZATIONS AND THEN FREDERICKSBURG HAS ALSO DONE CEMETERIES AS AN EXEMPTION. NOW, IN ORDER FOR THIS TO ACTUALLY HAPPEN IF THE COUNCIL WANTS TO MOVE FORWARD WITH THIS. THE COUNTER FOR THAT IS CALLING TO SEPARATE PUBLIC HEARINGS. ESSENTIALLY BACK TO BACK THEY BEFORE CREATING THE UTILITY AND THEN ADOPTING THE FEE THAT WOULD HAPPEN TODAY AND THAT BEFORE APRIL 11TH, AND THEN THERE'D BE THREE NOTICES THAT BE POSTED AND THE DENTON RECORD CHRONICLE. HOLD THE HEARINGS ON APRIL 11TH FOR CREATING THE UTILITY AND THEN ADOPTING THE FEE AND THEN ASSUMING THAT COUNCIL MOVES AHEAD WITH THAT WE RUN THE FIRST UTILITY BILLS WITH THAT FEE ON APRIL 20 SECONDS. AND SO THAT'S THE ENTIRE PROCESS. SO ANY QUESTIONS AFTER THIS POINTS A FEW? YEP. ALL RIGHT. BACK US UP AGAIN TO THE M S FOUR. STUDY GADGET. WHEN DID WE HIT THE TRIGGER FOR THE M S FOUR? THE.

UH THE STATE WAR ISSUE. THE NEW T PDS PERMIT. SOMEWHERE AROUND AUGUST MID AUGUST, AUGUST 26TH.

THEY DELAYED IT FROM JANUARY 26TH THIS YEAR AND THEN YOU'LL HAVE 100 AND 80 DAYS TO HAVE YOUR MANAGEMENT PLAN IN PLACE. SO WHAT IS WHAT'S THE TRIGGER THAT WHAT DO WE HIT A POPULATION THRESHOLD? OKAY. WHAT WAS THE POPULATION THRESHOLD POPULATION THRESH THRESHOLD THAT YOU THAT THE TOWN IS IN NOW IS CLASSIFIED AS LEVEL TWO A, WHICH IS FOR 10,000 PEOPLE WITHIN THE URBAN AREA OF 50,000, IDENTIFIED IN 2020 CENSUS. SO THERE'S NO MORE AVOIDING THIS FEE THIS YEAR. YOU KNOW WHAT I THINK? TWICE. UH YOU WERE. YOU WERE ELIGIBLE FOR WAIVERS OF THE LAST TWO GENERALT RUNS INTO OF YOUR CYCLES, RIGHT? GOOD. ALL RIGHT, SO THE PERMIT BEYOND THE PERMIT. TALK TO ME ABOUT THE PROJECTS OF THIS COVERS. SO I MEAN, WE TALKED ABOUT DRAINAGE IN GENERAL. BUT WHAT SPECIFICALLY, ARE WE GOING TO BE ENTERTAINING? WELL, WE. IT'S UP TO. IT'S UP TO THE COUNCIL. WE HAVE TIME OR FIRST EFFORT IS TO GET THE PERMIT RIGHT TO MEET THE STATUTORY OF THE REGULATORY REQUIREMENTS. THERE ARE A NUMBER OF THINGS WE CAN USE THIS FOR THOSE THINGS THAT WE'RE DOING NOW THAT SUCH AS MAINTAINING DRAINAGE CHANNELS THAT WE COULD USE THESE FUNDS FOR SOMETHING THAT HAS BEEN ASKED FOR IN THE PAST IS STREET SWEEPING. WE COULD START THAT PROCESS. UM WE'RE NOT READY TO DO CAPITAL PROJECTS YET WE NEED THERE'S A SEPARATE PROCESS, MUCH LIKE THE RODEWAY IMPACT FEE OR THE WATER IMPACT FOR YOU. IF YOU'RE GOING TO DO A CAPITAL PROJECT, YOU HAVE TO DO ANOTHER STUDY TO DO THAT PER STATE LAW. SO THIS IS JUST FOR OPERATION.

THERE'S ACTUALLY GOING TO BE A UM, A ENFORCEMENT REQUIREMENT PUT UPON US AS WELL TO MAKE SURE EVERYBODY IS DOING THIS. AND SO THAT WILL BE SOME ADDITIONAL COSTS IS THAT WE HAVEN'T QUANTIFIED YET, BUT, UH, WE'LL HAVE TO KEEP REPORTING. THIS WILL HAVE TO ENFORCE IT, AS WELL AS THE FIRST STEP IS THE PERMITTING, BUT AS FAR AS ACTIVITIES UM STREET SWEEPING, CLEARING OUT, CULVERTS ANYTHING THAT'S THAT YOU CAN THINK OF ABOUT STORMWATER REPAIRING STORMWATER CULVERTS, UM, AGAIN, KEEPING GRASS DOWN IN DRAINAGE CHANNELS TO ALLOW THEM FLOW. DID YOU THINK ANYTHING ELSE DID IT? THOSE ARE THE MAIN ONES IMMINENT CLEANING AS THE TOWN GROWS AS YOU HAD MORE, UH, STORM DRAIN. YOU'RE GONNA HAVE TO CLEAN YOUR INLETS. THAT'S A BIG ONE THAT WE THAT WE SEE IN MOST MOST PLACES AND THEN ANY CAPITAL IMPROVEMENT . DRAINAGE PROJECTS CAN ALSO BE 20 THROUGH THIS. SURE I JUST WANT TO CLARIFY THAT IF THIS MONTHLY COST IS IMPLEMENTED, IT'S HERE TO STAY. THEN IT'S FROM HERE ON OUT. YES BUT YOU CAN LOWER THE FEE YOU CAN. WE

[00:30:07]

ANYTHING ELSE? WE HAVE WE HAVE ANOTHER MEETING IN MARCH MARCH, 14TH IF THERE MORE DETAIL. WE CAN WE CAN DO A BRIEFING IN IN MARCH. WE CAN EVEN DO ANOTHER BRIEFING IN APRIL AT THE TIME OF THE PUBLIC HEARING. THERE'S ANYTHING LET ME KNOW. WE'LL GET THAT ONGENDA. IF YOU HAVE ANYTHING YOU WANT TO MENTION. NOW WE CAN LOOK AT SOME OF THESE EXISTING OPERATING COSTS. WE CAN LOOK AT THE COST OF THE STREETS SWEEPING PROGRAM, UM, AND CULVERT REPAIR WILL IF YOU'D LIKE US TO DO KIND OF BUILD THAT OUT OF WHAT WE SEE LIKELY TO DO A BRIEFING ON APRIL 11TH.

BECAUSE WE NEED TO REFRESH THE CONVERSATION AT THAT TIME. IT ALSO LIKE YOU TO PUT IN THERE.

THE ESTIMATES AROUND WHAT YOU'RE CURRENTLY EXPENSING. WHERE WHAT? WHAT YOU INTEND TO EXPENSE OUT OF IT, INCLUDING THE OBVIOUSLY, THE STUDY. AND WHAT YOU ANTICIPATE OVER THE NEXT COUPLE OF YEARS, SO CREATE A SMALL BUDGET FOR THIS. TO DEMONSTRATE WHAT THE NEED IS. AND WHAT YOU'RE INTENDING TO COVER. AND SOME EXAMPLES OF SOME OF THE CAPITAL PROJECTS THAT MIGHT BE ON THE HORIZON. THAT OUR NEEDS CURRENTLY THINGS THAT ARE UNFUNDED AT THIS POINT. I'D LIKE TO SEE EXAMPLES OF THIS TO UNDERSTAND. WHAT THE DEMAND IS FIRST. ABSOLUTELY. THAT'S SOMETHING THAT WE CAN DO SO YES, SIR. WE'LL HAVE THAT READY. ANYONE ELSE? OKAY? ANYTHING ELSE ARE. A SHORT TIMER FINANCE DIRECTOR UM AND WE'VE TALKED ABOUT THIS BEFORE. YOU KNOW WHAT? WHAT DESTROYS A ROAD, THE WATER, THE DRAINAGE, SO, UH, JOHN AND DENNIS WERE JUST HAD A LITTLE BIT OF A LACK THERE, AND IT'S ABOUT 30% OF OUR ROAD PROJECTS ARE UM OR DRAINAGE RELATED. TYPICALLY, WE DO CAPITAL PROJECTS, BUT WE COULD WE COULD SEGREGATE THE DRAINAGE COMPONENT OF THAT PROJECT AND HAVE IT AS PART OF THIS AND THEREFORE KIND OF OFFLOADING THE YOU KNOW THE PROPERTY TAX FINANCING PART OF THE ROAD PROJECT, SO THAT'S ANOTHER OPPORTUNITY. WE'LL TRY TO PARSE THAT OUT FOR YOUR PRESENTATION ON THE IN APRIL. UNDERSTOOD I'M NOT NECESSARILY LOOKING FOR HERE. WE'RE GONNA BUILD A NEW ROAD AND WE NEED A NEW DRAINAGE INFRASTRUCTURE IS SO ASSOCIATED WITH THAT NEW ROAD I'M LOOKING FOR. DO WE HAVE DRAINAGE CHANNELS TODAY SPECIFICALLY THAT WE NEED TO REPAIR THAT WE HAVEN'T GOT TO IN THE BUDGET. DO WE HAVE A CULVERT WE NEED TO REPLACE. WE'VE GOT SOME RURAL ROADS THAT HAVE PROBLEMS WITH THIS. WHERE ARE THEY? I JUST WANT TO HAVE SOME EXAMPLES AND TAKE A LOOK. SO WE CAN ASSESS FOR OURSELVES AND FOR THE PUBLIC TO ASSESS WHETHER THIS IS SOMETHING THEY WANT TO GET AFTER THESE PROJECTS. I DON'T THINK WE'VE IT'S JUST IT'S TOO AMORPHOUS. STILL STILL TOO

[00:35:02]

I WANNA KNOW WHAT CULVERT WHAT DRAINAGE CHANNEL THAT WE WANT TO GET AFTER NEXT, LIKE WE DO WITH THE CAPITAL PROJECTS JUST FEW EXAMPLES, OKAY? ALL RIGHT. I NEED YOUR EXPECTATIONS FOR ANOTHER CONVERSATION. ALL RIGHT. THANK YOU. YOU WANT ANOTHER ROUND? YOU KNOW, JUST KEEPS COMING. SO ALRIGHT. GONNA BE HERE ALL NIGHT? I WILL BE HERE ALL NIGHT, SO DO NOT GET THAT

[2.C. Briefing - Fiscal Year 2024 First Quarter Investment & Financial Report (Oct - Dec 2023)]

SO WE'LL DIVE INTO THE INVESTMENT REPORT. SO AS ALWAYS, OUR QUARTERLY INVESTMENT REPORTS AVAILABLE IN THE TOWN WEBSITE ENCOURAGE RESIDENTS GO TAKE A LOOK AT IT. YOU CAN GET OUT THIS LINK OR GOING TO THE FINANCIAL, UH, DEPARTMENTS PAGE ON THE WEBSITE. SO IN TERMS OF THE FIRST QUARTER, THE BOOK VALUE ENDED ABOUT 59 MILLION TOTAL INTEREST EARNINGS WERE ABOUT 423,000. AND THEN THERE WAS A MINIMAL DECREASE OF LESS THAN A PERCENT $467 AND IT WAS MAINLY DUE JUST TO THE TIMING OF WITHDRAWALS GOING OUT AND DEPOSITS COMING INTO THE ACCOUNTS. SO ANY ANY QUESTIONS ABOUT THE INVESTMENT REPORT AT ALL? SO WE'RE SAYING THE 467 IS AN ADJUSTMENT FROM LAST QUARTER. YES. THANK YOU FROM FROM THE BACK QUARTER CORRECT. AS FAR AS THEIR FINANCIAL REPORTS. ONCE AGAIN, WE HAVE IT AVAILABLE ON OUR WEBSITES. WE RECENTLY STARTED CREATING STORIES USER OPENED UP SOFTWARE TO DISPLAY OR FINANCIAL QUARTERLY FINANCIAL REPORTS. ENCOURAGE RESIDENTS GO LOOK, IT HAS A LOT MORE NARRATIVE CONTEXT TO IT TO HELP PROVIDE SOME INSIGHT INTO THE NUMBERS WHILE THEY LOOK THE WAY THEY DO, AND SO THAT RESIDENTS CAN ALSO CLICK IN AND TAKE A LOOK AT SPECIFIC. NUMBERS LIKE WITHIN PROPERTY TAXES OR SALES TAXES. BUT IN TERMS OF THE REPORT, 25% OF THE FISCAL YEAR HAS GONE BY. AS OF DECEMBER.

31ST. THIS IS WHAT THE REPORTS FOR 8% OF REVENUES HAVE BEEN BOOKED. 31% OF OUR PROPERTY TAXES HAVEN'T RECEIVED AND THEN 10% OF OUR SALES TAX IS COLLECTED. 5% OF BUDGET EXPENDITURES HAVE GOT HAVE BEEN SPENT. 21% OF OUR PERSONAL EXPENDITURES, MAINLY POLICE AND PUBLIC WORKS. MAKING UP THE MAJORITY OF THAT. HAVING SPENT AND THEN WE'VE HAD 3% SPENT ON OUR CAPITAL PROJECTS. UM LET'S EARLY IN THE YEAR WE EXPECT MORE TO COME. THAT'S MAINLY BEEN WITH IN RELATION TO NORTH GROUND STORAGE TANK AND THE CATHERINE BRANCH AREA WILL BE SPENT SO FAR THIS YEAR. ANY QUESTIONS I CAN TAKE ABOUT THIS SO SALES TAX COLLECTION IS IN ARREARS BY HOW LONG 60 DAYS TWO MONTHS, TWO MONTHS. SO WHAT'S YOUR COLLECTING HERE? THE 10% IS ROUGHLY THE OCTOBER SALES TAX. CORRECT HOLIDAY SEASON HASN'T COME IN YET. SO AT LEAST ON THIS REPORT, AND IT HAS COME IN, OKAY. SO IF WE TRIPLE THE 31% OF PROPERTY TAX RECEIVED 24% OF REVENUES, BOOK 25% OF REVENUE BOOKED THE PROPERTY TAXES STILL REMAIN. ONE OF OUR LAST RESOURCES OF INCOME, AND THEY TYPICALLY COLLECT JANUARY FEBRUARY, SO WE'LL WE'LL BE ALMOST OVER 90% BY YOUR NEXT REPORT. AND THEN I WENT. ADD THAT THAT 3% CAPITAL EXPENDITURE REALLY SKEW EXCUSE THAT OVERALL 5% BECAUSE OF SUCH A LARGE NUMBER THERE, SO IF WE JUST IF WE JUST ISOLATED OPERATING EXPENSES, WE'D PROBABLY BE AROUND 20 25% WOULD BE TRACKING THEM. ABOUT THAT RATING. ALL RIGHT. THANK YOU. COUNSELORS. GOOD CARE. AND ONE LAST BUDGET

[2.D. Briefing - Budget-In-Brief]

[00:40:03]

[00:45:02]

[3. PUBLIC INPUT]

[4. CONSENT ITEMS]

ALRIGHT BOYS VOTE ALL THOSE IN FAVOR SAY AYE AYE, ANY OPPOSED? UNANIMOUS. ALRIGHT ACTION ITEM A

[5.A. Consider a Resolution of the Town of Northlake, Texas authorizing publication of Notice of Intention to issue Certificates of Obligation; approving the preparation of a preliminary official statement and a notice of sale; and providing for the effective date thereof]

INFRASTRUCTURE NEEDED FOR THE STAR CENTER AND THE COMMERCIAL AREA. THAT'S SURROUNDING THEM.

THE STAR CENTER IN CHADWICK COMMONS. AH! THIS IS SEPARATE FROM THE GENERAL OBLIGATION BONDS, WHICH THE PUBLIC VOTED FOR. WE DON'T NEED TO HAVE A HEARING ON THAT, BECAUSE THAT WAS WE DON'T NEED TO NOTICE THAT BECAUSE THAT WAS VOTED ON BY THE PUBLIC. THE C E O S WILL NEED TO BE, UM THEY'LL NEED TO BE A HEARING. WE'RE LOOKING AT UH, EXCUSE NOT TO BE A HEARING THAT I NEED TO BE A NOTICE. AND SO THE NOTICES WILL BE PUBLISHED THE 25TH OF FEBRUARY MARCH 3RD.

WE TALKED ABOUT THE SPECIAL MEETING ON MONDAY FOR THE AUTHORIZATION AND THEN THE

[00:50:02]

MONDAY APRIL 15TH AT NOON. SO IN YOUR MOTION THAT THE DOCUMENT AHEAD OF YOU IN FRONT OF YOU, SAYS APRIL 15TH 530, SO IF YOU'D MAKE A REVISED MOTION TO MOVE THAT APRIL, 15TH AND 12. PM AND SO I. I CAN MUDDLE THROUGH THE REST OF THIS OR YOU CAN GET THE EXPERTS OR HOWEVER YOU WANT TO DO THIS. WE CAN HEAR FROM THE BOMB COUNCIL. YES, PLEASE. JULIE PART PARTAIN. THERE'S SO MUCH TALLER THAN ME. SORRY. GOOD EVENING, JULIE. PART TANDEM PARTNER BRACEWELL. FIRST STEP AND ISSUING CEOS IS ADOPTING A RESOLUTION AUTHORIZING THE PUBLICATION OF NOTICE, WHICH HAS TO BE PUBLISHED TWICE THE SAME WEEK IN NEWSPAPER OF GENERAL CIRCULATION 45 DAYS BEFORE YOU CAN ACTUALLY ADOPT THE ORDINANCE THAT ISSUES THE DEBT, SO THAT'S WHY THE TIMING IS THE WAY THAT IT IS. IT HAS TO BE DONE TONIGHT. IN ORDER TO SELL ON THE 15TH. YOU CAN ALWAYS SELL LATER.

BUT IF YOU WANT TO SELL BY THE 15TH, WE HAVE TO GET IT PUBLISHED. THIS WEEKEND. YES THAT'S THIS WEEKEND, RIGHT? YES UM, SO WE'LL COME BACK ON APRIL 15TH, AND THAT WILL BE WHEN YOU ACTUALLY ADOPT THE ORDINANCE THAT ISSUES THE DEBT WILL SELL IT AT THAT TIME. AND THEN WE'LL CLOSE ABOUT 30. DAYS LATER, AFTER WE'VE SUBMITTED THE TRANSCRIPT TO THE ATTORNEY GENERAL FOR REVIEW AND APPROVAL. THAT'S KIND OF THE TIMELINE WE'RE LOOKING AT. THERE ARE YOU HAVE QUESTIONS. OKAY? DREW, UM. FOR PUBLIC KNOWLEDGE. THIS 15 7 MILLION IN FUNDING. A LOT OF THAT IS RECIPROCATION FOR THE LAND DONATION. YES SIR. IN YOUR DEVELOPMENT AGREEMENT WITH THE PROPERTY OWNER IN EXCHANGE FOR THE 15 ACRES OF PROPERTY FOR THE STAR CENTER. AS PART OF THOSE NEGOTIATIONS, THE TOWN WAS RESPONSIBLE FOR THE UM. PUBLIC INFRASTRUCTURE, WHICH IS PUBLIC AND IT WHICH IS A TYPICAL RESPONSIBILITY OF A TOWN OR MUNICIPALITY, DEPENDING ON HOW NEGOTIATIONS BUT THAT WAS PART OF THE DEAL. YES, SIR. THE REST OF THE FUNDING FOR THIS WILL BE TOURS, IMPACT FEES, ETCETERA. UH YES, AND WE'LL ACTUALLY USE THE TOURS TO PAY THIS, UH, TO PAY THIS PUBLIC INFRASTRUCTURE. THE GOS WILL BE THROUGH SPECIAL TAXES, SPECIAL REVENUES AND LEASE PAYMENTS. VERY GOOD. I JUST WANT THAT ON RECORD FOR PUBLIC. THANK YOU. ANYTHING FURTHER COUNSELOR. ALRIGHT, SO SOMEONE WANTS TO MAKE A MOTION ON THIS. MY QUESTION TO APPROVE.

TEXT TO THAT. APPROVED NOTICE OF INTENTION ISSUE 15.7 MILLION IN CERTIFICATION OF OBLIGATIONS, OBLIGATIONS. OH NO. AT 12 PM ON APRIL 15TH AT 12 PM ON APRIL 15TH. SECOND ALRIGHT. IT'S BEEN A MOTION IN A SECOND. ANYTHING FURTHER. GOT YOUR VOTING SCREENS. VOICE VOTE. RIGHT ALL THOSE IN FAVOR SAY AYE, ALRIGHT. ANY POST. YOU KNOW THIS? ALRIGHT NORTHLAKE NEXT COMPREHENSIVE

[5.B. Consider an Ordinance of the Town of Northlake, Texas, updating the Northlake Comprehensive Plan by the adoption of the Northlake Next Comprehensive Plan 2045]

[00:55:02]

WE WORKED TO DEVELOP DIFFERENT GROWTH SCENARIOS THAT LEAD TO THE OVERALL FUTURE DEVELOPMENT MAP. AND THEN MOST RECENTLY, WE'VE DEVELOPED THE IMPLEMENTATION PLAN, WHICH INCLUDES GOALS AND STRATEGIES TO HELP SUPPORT THE OVERALL VISION OF THE PLAN. SO HERE'S THE OVERALL PLAN OUTLINE. THE FIRST CHAPTER CAPTURES THE EXISTING CONDITIONS OF THE COMMUNITY.

CHAPTER TWO IS COMMUNITY VISION. SO THAT ENCAPSULATES THE KEY FINDINGS FROM THE INPUTS. THE PLAN GUIDING PRINCIPLES OF WHICH THERE ARE SEVEN THAT SEEKS TO SERVE AS THE OVERARCHING FRAMEWORK FOR THE DOCUMENT. CHAPTER THREE IS WHERE THE FUTURE DEVELOPMENT MAP IS HOUSED AN ADDITIONAL DESCRIPTION OF THE PLACE TYPE FRAMEWORK. YOU'LL RECALL THAT AS PART OF THIS PROCESS, WE DID INTEGRATE A TOWN CENTER. SMALL AREA PLAN. UM SO CHAPTER FOUR IS A SUMMARY OF THAT PROCESS AND SHOWS TWO DIFFERENT OPTIONS FOR POTENTIAL LOCATIONS AND CONFIGURATIONS FOR A FUTURE TOWN CENTER AND THEN CHAPTER FIVE REPRESENTS THE IMPLEMENTATION PROGRAM. AN ADDITIONAL TECHNICAL INFORMATION IS INCLUDED IN THE APPENDIX. SO THE SLIDE SHOWS THE TWO CONCEPTS FOR THE TOWN CENTER PROGRAM. SO CONCEPT NUMBER ONE IS LOCATED IN THE SOUTHEAST CORNER OF 35. W AND 1171 AND CONCEPT TO IS LOCATED AT LOCATED AT THE FUTURE INTERSECTION OF 1171 AND FLORENCE ROAD, SO WE DID HAVE QUITE A BIT OF DISCUSSION PREVIOUSLY AT OUR DECEMBER WORK SESSION. SO, UH. WHICH LED TO THE DECISION TO INCLUDE BOTH OF THOSE OPTIONS TO MAINTAIN FLEXIBILITY, MOVING FORWARD AS AS OPPORTUNITIES ARISE. AND THEN FINALLY, THIS IS THE OVERALL FUTURE DEVELOPMENT MATCH, WHICH IS INTENDED TO GUIDE FUTURE GROWTH AND REDEVELOPMENT WITHIN THE COMMUNITY. SO THERE ARE NINE TOTAL PLACE TYPES WHICH REPRESENT, UM DIFFERENT CHARACTER AREAS WITH ASSOCIATED LAND USES, AND WE ALSO HIGHLIGHT THE TWO POTENTIAL TOWN CENTER SITES ON THIS MAP AS WELL. AND THEN THE MAP ON YOUR LEFT SHOWS THE BREAKDOWN OF THE DIFFERENT PLACE TYPES WITHIN THE CURRENT TOWN LIMITS AS WELL AS THE TJ AREAS. AND SO AT THAT POINT, I'LL TURN IT TO NATHAN. IT'S A RAPPER. THANK YOU, KENDALL. SO WE PRESENTED THIS TO THE PLANNING AND ZONING COMMISSION ON TUESDAY NIGHT AT THEIR MEETING. THEY HAD THE OPPORTUNITY TO MAKE A RECOMMENDATION ON THE ON THE PLAN. AND AS I WAS LOOKING AT THIS SLIDE IN THE PERCENTAGE BREAKDOWN, I STARTED THINKING LIKE THESE NUMBERS LOOK REALLY FAMILIAR. UH SO STARTED THE OLD SAYING THE MORE THINGS CHANGE, THE MORE THINGS STAY THE SAME.

SO IF YOU ADD UP THE RULE OF ST AND RURAL RESERVE AREAS, THESE ARE THE TWO UH, PLACE TYPES THAT HAVE A MINIMUM LOT SIZE OF ONE ACRE OR ABOVE. THAT'S ABOUT 30% OF THE AREA OF THE TOWN, PLUS THE E. T J. THEN YOU ADD THE FLOODPLAIN AREA. THAT'S ANOTHER 20% SO THAT'S ABOUT 50% OF THE TOWN IS INCLUDED IN, UH IT IS PLANNED TO HAVE ONE ACRE OR ABOVE LOT SIZES OR OPEN SPACES CONTAINED IN FLOODPLAIN SO ROUGHLY THE LAST TWO PLANS THAT WE'VE HAD THAT HAVE GUIDED THE TOWNS OF GROWTH OVER THE LAST 15 YEARS ARE IN THAT SAME SAME RANGE OF ROUGHLY HALF THE TOWN.

FALLING IN THOSE TYPES OF LAND USES. YOU SEE THE BREAKDOWN THERE, SO THAT'S SOMETHING THAT

[01:00:01]

[01:05:13]

[6. EXECUTIVE SESSION]

[7. RECONVENE INTO OPEN SESSION]