[1. CALL TO ORDER]
[00:00:08]
REGULAR MEETING OF THE NORTHLAKE DEVELOPMENT DISTRICT BOARD OF DIRECTORS TO ORDER AT 530. EVERYONE IS PRESENT. WE HAVE QUORUM TO CONDUCT BUSINESS. WE'LL MOVE TO THE BRIEFING ITEM.
[2.A. Briefing - Upcoming Meetings and Events]
NATHAN, PLEASE PRESENT THE UPCOMING MEETINGS AND EVENTS. ALL RIGHT. THANK YOU, MR. PRESIDENT. SO WE DISCUSSED THIS SOME LAST WEEK. RESOLUTION NUMBER 2645 WAS APPROVED BY TOWN COUNCIL, AND THAT ESTABLISHED THE MDD AND GOVERNMENT GOVERNANCE STRUCTURE WITHIN THAT. IT SAYS THAT REGULAR MEETINGS OF THE BOARD SHALL BE HELD IN THE TOWN AT SUCH TIMES AS DESIGNATED BY THE PRESIDENT OR THE EXECUTIVE DIRECTOR, AND THE. THE TOWN MANAGER IS TO SERVE AS THE EXECUTIVE DIRECTOR. OF COURSE, I'M SURE THEY WOULD WANT SOME INPUT FROM THE REST OF THE BOARD ON THOSE MEETINGS. OH, YOU. SO I JUST WANTED TO REFERENCE THIS. AND WHO SETS THOSE MEETING TIMES? ALSO FOR SPECIAL MEETINGS OF THE BOARD THAT THOSE SHALL BE HELD WHENEVER CALLED BY THE PRESIDENT, THE EXECUTIVE DIRECTOR, OR AT THE REQUEST OF A MAJORITY OF THE DIRECTORS. AS WE HAD DISCUSSED AT THE LAST MEETING, THE EDC AND CDC MET ON THE THIRD THURSDAY OF EVERY OTHER MONTH AND THE MONTHS OF JANUARY, MARCH, MAY, JULY, SEPTEMBER AND NOVEMBER. THAT SAME SCHEDULE IS AVAILABLE FOR THE MDD MEETINGS FOR THE REMAINDER OF THE YEAR, AND THAT SAME SCHEDULE IS RECOMMENDED TO AVOID ANY CONFLICTS AND ALLOW FOR STREAMING OF ALL THE MEETINGS. SO IF WE CAN'T HOLD THE MEETING WITHIN THIS ROOM, WE'RE NOT ABLE TO STREAM IT. AND TO VIDEO RECORD IT. AND WE ALSO DISCUSSED STARTING TIMES AT 530, AS WE'RE DOING TONIGHT, TO BE CONSISTENT WITH ALL THE OTHER TOWN MEETINGS. SO BASED ON THAT RECOMMENDATION, THIS WOULD BE THE SCHEDULE FOR THE REMAINDER REMAINDER OF THE YEAR. THE BOLD ITEMS OR THE ITEMS THAT WE THAT YOU ARE EXPECTED TO ATTEND THE BOARD MEETINGS. OF COURSE, YOU ALSO HAVE A BOARD'S APPRECIATION BANQUET IN DECEMBER THAT WE WOULD LOVE FOR YOU ALL TO TO ATTEND. THESE OTHER ITEMS OR JUST FOR YOUR INFORMATION, YOU ARE ALSO WELCOME TO ATTEND THOSE. BUT PLEASE LET US KNOW IF YOU DO SO.WE CAN MAKE SURE TO POST A NOTICE OF POSSIBLE QUORUM NOTICE IN SEPTEMBER. IS THAT ECONOMIC DEVELOPMENT SALES TAX WORKSHOP. IT'S OVER IN RICHARDSON. IF YOU WOULD LIKE A KIND OF A DAY LONG TRAINING FOR ECONOMIC DEVELOPMENT 101, IT APPLIES TO EDC, BUT ALSO TO MDS WHICH HAVE A SIMILAR RULES. OUR NEXT BUSINESS OVER BREAKFAST IS SCHEDULED IN AUGUST AND OCTOBER 19TH, AND THAT'S GOING TO BE HELD OVER AT PECAN SQUARE AND THEIR GREETING HALL. AND WE'VE GOT DATES FOR THOSE THROUGH THE REMAINDER OF THE YEAR. AND WE'LL BE ANNOUNCING THOSE LOCATIONS AS AS THOSE ARE DETERMINED. SO JUST WANTED TO OPEN IT UP. IF YOU HAVE ANY QUESTIONS OR COMMENTS, IF YOU'RE OKAY WITH MOVING FORWARD WITH THIS SCHEDULE, YOU KNOW.
DOES ANYBODY HAVE ANY CONCERNS ABOUT CONTINUING WITH THE SAME SCHEDULE WE HAD FOR THE EDC AND CDC? OBJECTIONS? OKAY. I FIGURED THAT WOULD WORK WELL FOR MOST OF YOU. YEAH. MOST OF YOU SERVED ON THOSE COMMITTEES. THAT'S ALL I HAVE ON THE THE MEETINGS AND EVENTS ITEM BOARD.
ANY OTHER QUESTIONS FOR NATHAN? ALL RIGHT. SO THAT'S ALL WE HAVE. SO WE'LL MOVE TO PUBLIC INPUT. WE'LL OPEN IT UP FOR PUBLIC DISCUSSION AT 535. IF ANYBODY HAS ANYTHING. I DON'T SEE ANYBODY HERE. BOARD ANYBODY WANT TO SPEAK ON BEHALF. ALL RIGHT. WE WILL CLOSE. PUBLIC COMMENTS AT 535. NEXT WE HAVE ITEM FOUR B. I'M SORRY FOR A CONSIDER APPROVAL OF MEETING
[4.A. Consider approval of meeting minutes for June 18, 2026]
[00:05:11]
MINUTES FOR JUNE 18TH, 2026. BOARD. ARE THERE ANY CORRECTIONS OR QUESTIONS REGARDING THE MINUTES. IF NOT, IS THERE A MOTION. I'LL MAKE A MOTION TO APPROVE. I'LL SECOND.[4.A. VOTE]
ALL RIGHT. WE HAVE MOTION TO APPROVE. ALL THOSE IN FAVOR I SAY I OR DO WE DO THE PUBLIC VOTE. OKAY. YEAH.MOTION PASSES. NEXT WE HAVE ITEM FOUR B. CONSIDER ADOPTION OF FISCAL
[4.B. Consider adoption of Fiscal Year (FY) 2026-2027 Budget to present to Town Council for approval ]
YEAR 2627 BUDGET TO PRESENT TO TOWN COUNCIL FOR APPROVAL. ALL RIGHT, MR. PRESIDENT, THIS MIGHT BE LIKE DEJA VU FOR FOR MOST OF YOU, BECAUSE THIS IS JUST PRESENTING FOR THE MOST PART, WHAT WE WENT OVER LAST WEEK. BUT AS A REMINDER, ON THE SCHEDULE, WE DID DO A BRIEFING OF THE BUDGET AT YOUR MEETING IN JUNE. AND TONIGHT YOU'RE TO ADOPT THE PROPOSED BUDGET TO PRESENT TO COUNCIL. COUNCIL WILL HAVE FINAL APPROVAL OF THAT. YOUR. THE ENACTING RESOLUTION STATES THAT YOU NEED TO APPROVE THE BUDGET ON OR BEFORE AUGUST 1ST, BUT FOR TOWN COUNCIL PURPOSES, THEY NEED TO HAVE THAT BY JULY 23RD. SO THAT'LL BE PRESENTED TO COUNCIL ON JULY 23RD. AND THEN AUGUST 13TH WILL BE A HEARING ON THE BUDGET. AND ON AUGUST 20TH, TOWN COUNCIL WILL CONSIDER ADOPTION OF THE FULL TOWN BUDGET, INCLUDING THE BUDGET.SO AGAIN, THE REVENUE HIGHLIGHTS. PRIMARILY REVENUES ARE FROM SALES TAX. WE'RE PROJECTING A 20% OR 26% DECREASE. AND THEN THIS IS DUE TO THE REALLOCATION OF SALES TAX BETWEEN FUNDS. BECAUSE EDC AND CDC IS WHAT WE'RE COMPARING TO. THAT WAS THREE QUARTERS OF A PERCENT THAT WENT TO THAT. AND THE MDD IS IS GETTING A HALF PERCENT. AND WE'RE BEING VERY CONSERVATIVE AND WE'RE NOT REALLY CONSIDERING ANYTHING AND NOT REALLY KNOWING WHAT'S GOING TO COME FROM THE AREA OF THE MDD BEYOND THE TOWN LIMITS. WE DID JUST GO THROUGH AND REVIEW THE TAXPAYERS IN THE FULL MDD, AND THERE'S ABOUT A 50% INCREASE IN THE NUMBER OF TAXPAYERS FROM WHAT IS IN THE TOWN, IN THAT WE DON'T KNOW HOW MUCH SALES TAX ALL THOSE TAXPAYERS COLLECT, BUT THAT IS A GOOD SIGN. SO WE'RE HOPEFUL THAT MAYBE THAT CAN HELP KIND OF CLOSE THE GAP OF THAT QUARTER SENSE THAT WAS LOST FROM THE EDC AND CDC. ALSO, THE ADVERTISING AND LEASE REVENUES ARE FROM THE BILLBOARD LAMAR BILLBOARD AT 114 AND 35 W. AND WE'RE ANTICIPATING THAT THAT TO REMAIN FLAT FOR NEXT YEAR. SO THE EXPENDITURE HIGHLIGHTS, STARTING WITH PAYROLL AND BENEFITS, THIS FUND PAYS FOR AT LEAST PARTIALLY FUNDS FOR POSITIONS INCLUDING PART OF MINE AS WELL AS OUR ECONOMIC DEVELOPMENT COORDINATOR, NEW ECONOMIC DEVELOPMENT COORDINATOR, LAURA HUTCHINGS KNEW AS IN THAT POSITION, BUT NOT NEW TO THE TOWN, ALSO PAYS FOR A PORTION OF THE MANAGEMENT ASSISTANT FOR DEVELOPMENT SERVICES AND THE COMMUNICATIONS AND MARKETING COORDINATOR. 3% INCREASE IN PERSONNEL EXPENDITURES IS PROPOSED COMPARED TO THIS YEAR'S BUDGET. THAT'S PRIMARILY DRIVEN TO INCREASES IN HEALTH CARE COSTS, AND THIS IS WITHOUT THE BUDGET REQUEST, WHICH WILL GO OVER NEXT. THEN IN THE SERVICE EXPENDITURES. THIS LINE IS INCLUDE COVERS OPERATIONAL
[00:10:06]
EXPENSES TO CONTINUE. OUR CURRENT ACTIVITIES THAT WE'VE BEEN DOING THROUGH THE EDC AND CDC. THIS ALSO COVERS PLANNED PROJECTS AND APPROVED INCENTIVES SUCH AS THE DETOUR DOLLARS PROJECT PLAN FOR FM 407 BUSINESSES, AND CONSTRUCTION SALES TAX REBATE. WE'RE IN ANTICIPATING TO PAY OUT FOR SOME OF THE DHL INDUSTRIAL PROJECTS, THE CAPITAL OUTLAY ITEM IS A ROLLOVER FROM THIS FISCAL YEAR FOR EXPECTED COSTS FOR THE ENTRY MONUMENT. SIGNAGE.DUE TO SOME DIFFICULTIES IN OBTAINING THE EASEMENT LOCATIONS. FOR ONE OF THOSE SIGNS, THAT'S GOING TO BEEN A HOLD UP ON THAT. WE ANTICIPATE BEING ABLE TO GET THAT GOING IN NEXT FISCAL YEAR. HOWEVER, INTERNAL SERVICES IS THE ALLOCATION FOR TECHNOLOGY AND BUILDING EXPENSES IS SHARED ACROSS ALL TOWN DEPARTMENTS. AND THEN THE TRANSFER LINE IN YOUR BUDGET IS ALLOCATION TO THE TOWN GENERAL FUND FOR ALL OTHER OVERHEAD COSTS. CAN I INTERRUPT YOU? SORRY, I DON'T KNOW IF THIS IS APPROPRIATE TIME TO ASK QUESTIONS OR NOT.
WHAT? WHAT ENTRY IS THAT? SIGNAGE FOR THE CITY. ENTRY FOR THE CITY. IS THAT OKAY? SO IT'S NOT A BUSINESS ENTRY MONUMENT. IT'S A. NO, THIS IS FOR TOWN IDENTIFICATION. OKAY. ALL RIGHT.
AND THE DETOUR DOLLARS, THAT'S TO REIMBURSE BUSINESSES THAT HAVE BEEN AFFECTED BECAUSE OF THE 407 CONSTRUCTION OR THIS IS THE GIFT CARD PROGRAM WHERE CARDS ARE MAILED OUT TO ALL RESIDENTS OF THE TOWN. AND WE DID THIS FOR BUSINESSES ON 114. OKAY. AND THEY WERE ABLE TO SPEND, SPEND THE USE THOSE CARDS AT THOSE BUSINESSES. AND THOSE BUSINESSES WERE REIMBURSED THAT AMOUNT. OKAY. AND THEN THE SALES TAX IS JUST MATERIALS THAT ARE BEING USED IN CONSTRUCTION PROJECTS HERE IN THE CITY. CORRECT. OKAY. AND WE HAVE SOME DEVELOPMENT AGREEMENTS WHERE THAT IS AN ASPECT OF IT TO ENCOURAGE THEM TO CREATE A SITUS IN THE TOWN SO THAT ALL SALES TAX FOR THOSE MATERIALS WOULD WOULD GO THROUGH, GO TO THE TOWN AND NOW TO THE MDD, INSTEAD OF BEING PAID TO ANOTHER JURISDICTION. SIR. AND ANY OF YOU FEEL FREE TO STOP ME AT ANY TIME IF YOU HAVE A QUESTION. NOW TO THE BUDGET REQUEST. SO THESE ARE ADDITIONAL ITEMS NOT TO CONTINUE JUST CURRENT OPERATIONS AS IS THIS FIRST ONE IS A SALARY AND COST OF LIVING ADJUSTMENTS WOULD TOTAL JUST UNDER $12,000. THESE ARE TO COVER COST OF LIVING ADJUSTMENTS AND MARKET ADJUSTMENTS. AS PART OF THE TOWN WIDE COMPENSATION PLAN. AND THEN THE NEXT ONE IS THE NORTH LAKE COMMONS TRAIL CONNECTOR CAPITAL PROJECT. THIS IS ESTIMATED TO BE $260,000. AND I WILL SHOW YOU IN THIS NEXT SLIDE. THIS WAS PRESENTED TO COUNCIL IN THEIR IN THE CAPITAL IMPROVEMENTS PLAN BUDGET. AND YOU'LL NOTICE ON THEIR FUNDING SOURCES SAID GENERAL FUND AND OR MDD. SO THIS IS A PROJECT THAT'S PLANNED TO OCCUR NEXT YEAR. AND IT'S JUST A MATTER OF DETERMINING WHERE THAT FUNDING IS COMING FROM. THIS WOULD BE ELIGIBLE TO BE FUNDED BY THE MDD. THIS WOULD CREATE A GOLF CART PATH. MULTI-USE PATH COULD BE USED BY GOLF CARTS, PEDESTRIANS, BICYCLES. IT WILL CONNECT FIRST STREET AND HARVEST TO NORTHLAKE COMMONS, PRETTY MUCH JUST RIGHT OUTSIDE THIS WINDOW, A LITTLE WAY DOWN HERE TO PROVIDE BETTER CONNECTIVITY. WE BELIEVE THIS WILL BE PARTICULARLY IMPORTANT AS THE FULL 407 BREAKOUT PROJECT HAPPENS, AND COULD BE ROUGH, AS IT CURRENTLY IS ON 407, AND JUST PROVIDE A ADDITIONAL WAY FOR FOR PEOPLE TO GET TO NORTHLAKE COMMONS BUSINESSES AND, AND HELP AND HELP THOSE BUSINESSES AND GENERATE SOME SALES TAX. SO THE TOWN AND THE MDD ARE THE EASEMENTS AND ALL THAT PUT TO BED OR ANYTHING ON THAT. WE WE ARE WORKING ON THOSE. OKAY.
IT'S PART OF THAT 200 OR 260. IT SAYS HERE IN OUR SHEET GOING TOWARDS PAYING FOR THE EASEMENT.
IS THAT SOMETHING THE DEVELOPER'S GOING TO GIVE US? CORRECT. I THINK WE'RE GOING TO BE ABLE TO GET THAT WITHOUT WITHOUT PAYING. OKAY. THANK YOU. AND DO WE JUST HAVE THE 260 IN CASE OF OVERAGE BECAUSE YOU'VE GOT 200 FOR THIS WAS PRESENTED A COUPLE MONTHS AGO. AND AS WE DUG INTO THE DETAILS, 260 WAS, WAS WHAT IT CAME TO. YES. HOPEFULLY WE CAN GET IT FOR FOR LESS, BUT WE WANT TO MAKE SURE WE'VE WE'VE GOT IT BUDGETED FOR. IS THE IDEA TO MAKE THE SALES
[00:15:04]
TAX DOLLARS TO THE GENERAL. I'M SORRY, IS THAT THE POINT OF THIS IS TO BRING MORE TRAFFIC TO THE COMMONS? IS THAT KIND OF THE INCENTIVE TO MAKE IT MORE CONVENIENT FOR PEOPLE TO COME FROM THE NEIGHBORHOOD TO HERE? THAT'S RIGHT. OKAY. AND THEN FINALLY FUND BALANCE. SO THE EDC AND CDC FUND BALANCE IS PROPOSED TO TRANSFER TO THE MDD ULTIMATELY. SO THE EDC AND CDC FUND BALANCE IS PROJECTED TO BE JUST OVER 5 MILLION AT THE END OF THIS FISCAL YEAR. THAT WOULD TRANSFER OVER TO THE MDD. AND THEN BASED ON THIS PROPOSED BUDGET FOR NEXT YEAR, THE ENDING FUND BALANCE AT THE END OF NEXT FISCAL YEAR IS PROJECTED TO BE 4 MILLION. SO THE GOOD NEWS IS YOU'VE STILL GOT MONEY. MONEY IN THE BANK. SORRY, I GOT A BUNCH OF QUESTIONS. IS THERE ANY MANDATE TO SPEND A CERTAIN PERCENTAGE OF THIS MONEY, OR IS IT JUST KIND OF CASE BY CASE BASIS, CASE BY CASE BASIS? OKAY. SO IT'S, IT'S GOOD TO IT'S, IT CAN BE A GOOD THING TO KEEP SOME MONEY IN THERE. AND THEN YOU HAVE IT FOR WHEN OPPORTUNITIES COME. BUT YOU ALSO DON'T WANT TO SIT ON TOO MUCH AT THE SAME TIME. YOU WANT TO BE PUTTING THAT TO USE FOR, FOR THE PURPOSES OF THE MDD. SO IT'S A, IT'S KIND OF A BALANCE TO CONSIDER. AND THEN FINALLY, THERE ARE A COUPLE OF ITEMS WE DISCUSSED AT OUR MEETING LAST MONTH. FIRST, LIFE SCIENCE LIFE CENTER, SIDEWALK AND TRAIL IMPROVEMENTS. THIS IS THE AREA OF 114 AND 35 W INCLUDING STARS, THE STAR CENTER AND CHADWICK COMMONS. THE GOAL IS TO IMPROVE ACCESS TO COMMERCIAL SITES THAT GENERATE SALES TAX, PROVIDE SOME CONNECTIVITY FROM THOSE HOTELS TO OTHER COMMERCIAL DEVELOPMENT AND THE STAR CENTER, AND KIND OF CREATE SOME SYNERGIES BETWEEN THOSE DEVELOPMENTS. HOWEVER, SOME MORE PLANNING IS NECESSARY BEFORE WE DETERMINE KIND OF FINAL ALIGNMENTS THAT WILL LIKELY DO THIS IN MULTIPLE PHASES AND KIND OF DETERMINE WHAT THE INITIAL PHASE OR PHASES WOULD BE IN THAT BUDGET.INITIAL PHASES TO CONNECT THE STAR CENTER AND CHADWICK COMMONS WOULD PROBABLY BE THE FIRST PRIORITY THAT COULD BE DONE THIS NEXT FISCAL YEAR, BUT WE'LL STILL NEED TO DO SOME WORK TO DETERMINE WHAT EXACTLY THAT WILL BE, AND WE CAN BRING THAT BACK AS A POTENTIAL PROJECT AND AMEND THE BUDGET AT THAT TIME AS NECESSARY. SO THAT'S WHY IT'S NOT INCLUDED IN THIS BUDGET PRESENTED BEFORE YOU. WE ALSO TALKED ABOUT THE CLEVELAND BRANCH SEWER EXTENSION AND UPSIZING. THIS IS THE SEWER LINE THAT WOULD EXTEND UP THE THE EAST SIDE OF 35 W FROM ABOUT JUST NORTH OF DALE EARNHARDT IN 35 W AND THIS WOULD SERVE ALL OF THE EAST SIDE OF 35 W AT 1171 AND AROUND THE NORTHWEST REGIONAL AIRPORT AREA. AND AS WE DISCUSSED, THIS IS REALLY OUR BEST OPPORTUNITY FOR BIG COMMERCIAL DEVELOPMENTS. AND ONE OF THE MAIN HINDRANCES, OTHER THAN LACK OF FRONTAGE ROADS, THERE IS THERE'S NO SEWER AVAILABLE THERE. SO THIS IS THIS IS ABSOLUTELY NECESSARY TO REALLY FULLY ACTIVATE THAT AREA. WE'RE WORKING WITH SOME INDUSTRIAL DEVELOPERS IN THAT AREA AROUND THE NORTHWEST REGIONAL AIRPORT, WHICH TO OVERSIZE LINES AND EXTEND LINES UP TO THAT AREA. AND THAT STARTS GETTING IT MUCH CLOSER AND MORE FEASIBLE TO THIS POTENTIAL RETAIL AREA AT 1171. WE'RE UNFORTUNATELY, THERE'S BEEN SOME CHANGES WITH TRA LINE THAT'S BEING BUILT THROUGH ALONG KIND OF THE DENTON CREEK CORRIDOR, GENERALLY THROUGH THE TOWN, WHICH IS KIND OF RAISED SOME COSTS ME A LITTLE BIT MORE DIFFICULT FOR TO TIE INTO THE DEVELOPER WE ARE WORKING WITH AS PROPOSED, KIND OF EXTENDING THE SEWER LINE. TO THAT LOCATION CLOSE TO DALE EARNHARDT, WHEN INITIALLY THEY WERE JUST GOING TO BE ABLE TO GO BORE UNDER 35 W, BUT DUE TO TIMING AND, AND, AND CHANGES IN THE ALIGNMENT, THERE'S THERE HAVE BEEN SOME THERE'S BEEN SOME COST INCREASES. WE'RE GOING TO HAVE TO WORK WITH THAT DEVELOPER AS WELL AS OTHER DEVELOPERS IN THAT AREA TO KIND OF COME UP WITH A FULL FUNDING PLAN ULTIMATELY, AS WELL AS PROPERTY OWNERS AND DEVELOPERS
[00:20:03]
ALONG THAT 1171 AREA. SO THIS IS SOMETHING TO KIND OF KEEP IN MIND AS A PROJECT THAT COULD BE COMING. WE MAY NEED MORE HELP FROM THE, THE OR IT COULD BE SOMETHING THE MDD COULD COULD HELP WITH TO REALLY ACTIVATE THAT COMMERCIAL AREA. SO WE'LL HAVE MORE INFORMATION ON THIS, HOPEFULLY NOT TOO DISTANT FUTURE. A COUPLE MORE QUESTIONS. SORRY I'M WEARING OUT WITH QUESTIONS. YEAH IT'S PUSHED. SO ANY I UNDERSTAND THE SEWER GOING ON THE EAST SIDE OF 35.YOU MENTIONED ACCESS ROAD. IS THERE ANY PLANS BY TEXDOT OR THE CITY OR OTHERWISE TO EXTEND THOSE ACCESS ROADS? IT SEEMED LIKE DEVELOPMENT THERE WOULD BE KIND OF MOOT IF THERE'S NOT ACCESS THERE AS WELL AS SEWER THAT THAT WOULD BE TEXAS RESPONSIBILITY. AND THEY DO HAVE PLANS FOR FOR ACCESS ROADS IN THAT CORRIDOR. OKAY. THE TIMING IS ALWAYS A QUESTION MARK WITH WITH TEXDOT, BUT IT IS WE UNDERSTAND A PRIORITY. AND OUR OUR COUNCIL HAS BEEN PUSHING ON TEXDOT TO, TO GET THAT DONE AS WELL. OKAY. AND A COUPLE MORE QUESTIONS. JUST, YOU KNOW, AS I KIND OF GET MY MIND WRAPPED AROUND WHAT MY RESPONSIBILITIES ARE HERE, IS THERE EVER ANY INCENTIVE FOR SINGLE FAMILY FROM A SEWER STANDPOINT OR OTHERWISE BEING THAT A LOT OF SINGLE FAMILY IS, YOU KNOW, LIKE THEIR OWN LITTLE PACKAGE STORE, WHEN THEY GET SALES TAX, WHEN THEY BUY STUFF FROM THEIR COMPUTER, IS THAT EVER DOES IT EVER CROSS OVER TO SINGLE FAMILY OR IS IT ALL JUST COMMERCIAL? ALL JUST COMMERCIAL? OKAY. YEAH. BUT BY LAW, THE MDD COULDN'T SUPPORT JUST SINGLE FAMILY ALONE. OKAY. THANK YOU. SO, NATHAN, I KNOW WITH ENCORE, THEY UPGRADED ALL THAT ELECTRICAL THE LINES THROUGH THERE. SO THERE'S ELECTRICITY.
THERE'S WATER AS WELL. YES. OKAY. SO THE ONLY THING THAT'S MISSING IS THE SAW PART. YES.
THAT'S CORRECT. ALL RIGHT. AND SO YOU'RE IF YOU MOVE FORWARD WITH THIS, AND I THINK LAST MEETING, YOU INDICATED BE SOMEWHERE AROUND 8 MILLION TO DO THIS. THE FULL LINE. YEAH.
WE'LL HAVE TO LOOK AT WHAT THOSE COSTS WERE. I THINK WE ORIGINALLY IT WAS ABOUT 8 MILLION. NOW IT'S HAVING TO EXTEND FURTHER SOUTH. THAT MAY BE CLOSER TO 15 MILLION. SO OKAY, SO WHEN YOU SAY ANTICIPATED COMPLETION 2028, THAT'S JUST THIS IS JUST FOR KIND OF THE INITIAL PHASE OF IT TO GET TO TRAMMELL CROW'S INDUSTRIAL DEVELOPMENT, THIS WOULD BE KIND OF THE FIRST LEG OF IT. AND ACTUALLY THE EDC AND CDC HAVE ALREADY APPROVED SOME PARTICIPATION IN THAT, APPROVED $1 MILLION OF PARTICIPATION IN THAT PROJECT. WHY ARE THEY HAVING TO PUSH IT SOUTH SOUTHWARD? THE BECAUSE THE TREE LINE WAS MAINLY BECAUSE OF THE CORPS OF ENGINEERS. THEY HAD TO AVOID THE CORPS PROPERTY AND CROSSING IT. SO IT GOT PUSHED WESTWARD. AND WHERE THEY PLANNED TO HAVE IT RAN INTO SOME. WHAT ARE THE COME FROM? YES. AREAS OF CULTURAL SIGNIFICANCE FOUND WHAT COULD HAVE BEEN INDIAN CAMPGROUNDS OR SOMETHING. AND THEY HAD TO AVOID IT AND PUSH IT EVEN FURTHER WEST. SO IT MADE IT TO WHERE IT WAS NOT FEASIBLE TO GO THAT DIRECTION WITH IT. AND THAT'S ALSO IN THE SECOND PHASE OF TRA'S PROJECT, WHICH SHOULD BE PRETTY SOON AFTER PHASE ONE. BUT THE TRAMMELL CROW IS A DEVELOPER THAT WOULD BE DOING THIS FIRST LEG. THEY'RE WANTING TO BE ABLE TO, TO SPEED UP THE DEVELOPMENT PROCESS AS MUCH AS POSSIBLE. SO THEY JUST PROPOSED THIS LINE TO TIE IN TO THE SOUTH, WHICH THEY WOULD HAVE FULL CONTROL OVER THAT TIMING. SO ARE THEY LOOKING FOR MORE PARTICIPATION FROM US BECAUSE OF WE'RE NOW SPEEDING UP AND POTENTIALLY, YOU KNOW, WHETHER THAT'S FROM FROM THE MDD OR THE OTHER FUNDS FROM THE TOWN OR OTHER PARTNERSHIPS WITH OTHER DEVELOPERS, THAT'S KIND OF TO BE DETERMINED. OKAY. THANK YOU. QUICK QUESTION ON THE LAST BULLET SAYS FUNDING PROPOSES DEVELOPER REIMBURSEMENT. IS THERE A CAP TO THAT OR IS THAT THE MILLION THAT YOU SAID THE CDC AND EDC APPROVED? OR IS THERE ANY RISK TO US THAT THEIR COSTS ARE GOING TO BE EXPONENTIAL? WHAT THE EDC AND CDC APPROVED WAS A MILLION. SO IT'S CAPPED AT THAT. IF THERE'S ANY OTHER DEVELOPER OR REIMBURSEMENT, ANY OTHER PARTICIPATION THAT'S PROPOSED, THEN YEAH, WE WOULD WE WOULD PROPOSE SOME KIND OF CAP ON THAT. SO WE KNOW WE'RE GETTING INTO. THE $8 MILLION FIGURE MAY BE GOING UP THAT YOU MENTIONED.
IS THAT THE TOTAL COST OR JUST THE POTENTIAL PARTICIPATION THAT WOULD BE TOTAL COST, RIGHT.
[00:25:10]
HOW DOES THAT WORK WITH WITH LIKE LOOKING AT BUSINESSES TO, TO BUILD IN THAT AREA? I MEAN, ARE YOU ALREADY, YOU KNOW, AS THE ECONOMIC DEVELOPMENT, TALKING TO BUSINESSES THAT POTENTIALLY COULD GO IN THERE AND OUTLINING, YOU KNOW, WHAT THE PLANS ARE? OR DO YOU WAIT UNTIL ALL THE SEWER CONSTRUCTION IS DONE BEFORE YOU, YOU HAVE ANY CONVERSATIONS? WE WOULD. YEAH, SOME OF BOTH. WE DO LET PEOPLE KNOW THAT THIS IS COMING UP, BUT USUALLY YOU NEED A PROJECT REALLY IN THE WORKS BEFORE THEY'RE GOING TO LOOK TOO CLOSELY AT SOMETHING. THEY WANT TO KNOW THAT SEWER IS IN THE GROUND, AT LEAST WORKING ITS WAY UP THERE. INSTEAD OF BEING JUST RAW LAND. BUT WE, WE DO CONSTANTLY, WE'RE TALKING TO POTENTIAL TENANTS THAT WOULD FIT AN INDUSTRIAL AREA LIKE THAT. RIGHT NOW, WE'VE GOT A LOT OF SPACE AVAILABLE JUST NORTH OF THE SPEEDWAY AND THAT CATHERINE BRANCH AREA. SO AS WE'RE TALKING TO SOME OF THEM AND BUILDING RELATIONSHIPS THAT CAN HELP US GET TENANTS THAT CAN CAN FILL THIS DEVELOPMENT AS WELL IN THE FUTURE. SO DOES THAT CATHERINE BRANCH AREA DOES THAT, DOES BUSINESSES WITH A BIGGER FOOTPRINT, LIKE, YOU KNOW, A BIG BOX RETAILER? WOULD THEY FIT INTO THAT AREA TO THE CATHERINE BRANCH AREA? IS THE AREA JUST NORTH OF THE SPEEDWAY? OKAY. THAT'S ALL INDUSTRIAL.OKAY. WE'RE TALKING ABOUT 1171, ALL THAT THOSE BUSINESSES RECRUITING THOSE, RIGHT? SAY THAT AGAIN. ARE YOU ARE YOU TALKING ABOUT RETAIL RECRUITMENT? YEAH. RETAIL. YEAH.
RETAIL. YEAH. YES. YEAH. WE WE HAVE ALREADY EVEN BEFORE SEWERS THERE WAS TRIED TO GET BUSINESSES LOOKING IN THAT AREA TO JUST IT, IT TAKES SOME TIME. BUT YEAH, YOU'RE NOT GOING TO GET ANY COMMITMENTS UNTIL YOU GET THAT SEWER AVAILABLE THERE. SO WE'RE WORKING ON MAKING SURE THAT CAN BE POSSIBLE AND KIND OF HAVING A GOOD TIMELINE. AND THEN THAT'S WHEN WE'LL REALLY START PURSUING TENANTS HARD IN THAT LOCATION. BECAUSE I SEE, YOU KNOW, THERE'S THEY PUBLISHED THAT, YOU KNOW, THERE'S A LOT OF THESE BIG BUSINESSES LIKE LIKE AN HEB OR A COSTCO OR A LOWE'S OR SOMEBODY LIKE THAT. THEY'RE MOVING IN ALL AROUND US. AND SO IT SEEMS. WHY WOULD THEY WANT TO MOVE INTO THAT AREA WHEN THEY ALREADY HAVE STORES THAT ARE IN VERY CLOSE PROXIMITY? YEAH. ONE OF THE MAIN REASONS THEY'RE MOVING IN AROUND US IS BECAUSE WE DON'T HAVE A SITE READY WITH THE UTILITIES. THAT'S, THAT'S WHERE THEY WOULD WANT TO GO. AND WE'VE HEARD FROM QUITE A FEW OF KIND OF TOP ONES ON OUR WISH LIST THAT WANT TO GO IN THAT AREA. NOW IT'S JUST GETTING THE SERVICES THERE TO MAKE IT HAPPEN. OKAY. AND, AND SEVERAL OF THEM, THEY'RE WILLING TO WAIT A COUPLE OF YEARS, BUT THEY NEED A GOOD TIMELINE TO KNOW THAT IT'S NOT GOING TO LAG TO FIVE YEARS AND STUFF. IF IT'S GOING TO TAKE THAT LONG, THEY'LL START LOOKING AT OTHER LOCATIONS. I THINK THAT PROPERTY WAS UNDER LIKE ORIGINALLY UNDER BELMONT, IS THAT THEN IT WAS THE 11711171 YEAH, THAT'S THE THE NORTHEAST CORNER IS OWNED BY HILLWOOD. YEAH. AND I WAS GOING TO SAY I REMEMBER WHEN THE TURNOVER WAS. SO I MEAN, THERE WERE PLANS LIKE GOING BACK AS FAR AS LIKE ZERO EIGHT AND IT JUST YEAH, IT WAS ORIGINALLY PLANNED FOR SOMETHING CALLED SPEEDWAY TOWN CENTER. IT'S PROBABLY A PLAN A LITTLE BIT AHEAD OF ITS TIME, BUT I THINK WE WILL GET THERE.
DO WE HAVE ANY MORE QUESTIONS OR COMMENTS? OKAY. IS THERE A MOTION TO ADOPT THE FISCAL YEAR 2026 2027 BUDGET AND RECOMMEND IT TO THE TOWN COUNCIL? MOTION TO APPROVE THE PROPOSED BUDGET
[4.B. VOTE]
FOR FISCAL YEAR 2027, I'LL SECOND, WE HAVE A MOTION BY DARREN AND SECOND BY LAURA. NO QUESTIONS. GO AHEAD AND VOTE. AND MOTION CARRIES UNANIMOUSLY. THE BOARD WILL NOW CONVENE INTO[5.EXECUTIVE SESSION ]
AN EXECUTIVE SESSION AT 6 P.M. PURSUANT TO SECTION 551.087 OF THE TEXAS GOVERNMENT CODE[00:30:03]
REGARDING PROJECT GOTHAM, AS POSTED ON THE THANK YOU. THE BOD IS BACK IN OPEN SESSION AT 6:35[6.RECONVENE INTO OPEN SESSION]
P.M. WITH THERE BEING NO ACTION RESULTING FROM THE EXECUTIVE SESSION. WITH NO FURTHER ACTION, WE WILL ADJOURN THE* This transcript was compiled from uncorrected Closed Captioning.