[1. Tabled from 02-24-2026 Remove from table and consider. Hold a public hearing, consider, and act upon, authorizing a donation by the City of Wylie to Hope for the Cities in an amount not to exceed $2,000.]

LOOKING FORWARD TO THE EVENT. SO WITH THAT, WE WILL MOVE FROM OUR CONSENT TO OUR REGULAR AGENDA. OUR FIRST ITEM WAS TABLED ON 224 2026, AND IN ORDER TO TAKE ACTION, WE WILL NEED TO REMOVE THAT FROM TABLE FOR DISCUSSION. COUNCIL. DO WE HAVE A MOTION TO REMOVE FROM TABLE COUNCILMAN DUKE THANK YOU, MR. MAYOR. I'LL MAKE A MOTION TO REMOVE FROM TABLE. OKAY. WE HAVE A MOTION TO REMOVE FROM TABLE. DO WE HAVE A SECOND COUNCILMAN? STRAIN SECOND. THAT ONE TO MOTION WITH A SECOND TO REMOVE FROM TABLE COUNCIL. PLEASE CAST YOUR VOTE. MOTION CARRIES SEVEN ZERO. WITH THAT, WE WILL NOW HOLD A PUBLIC HEARING. CONSIDER AND ACT UPON AUTHORIZING A DONATION BY THE CITY OF WILEY TO HOPE FOR THE CITY'S. IN AN AMOUNT NOT TO EXCEED $2,000. OBVIOUSLY, WE'VE HAD A DISCUSSION A COUPLE OF TIMES AS THERE IS AN EVENT LOCALLY, BUT WE MAKE SURE THAT WHEN WE'RE SUPPORTING THOSE EVENTS, AS WE DO IN OTHER CASES, THE MONEY IS GOING DIRECTLY TO THE CHARITY AND NOT TO ANY INDIVIDUAL BUSINESS. AND AS STAFF POINTED OUT LAST TIME, WE DO HAVE PROCESSES THAT WE NEED TO FOLLOW, MAKING SURE THAT WE HAVE ALL PAPERWORK AND REQUESTS IN PLACE. MR. PARKER, IS ALL PAPERWORK BEEN RECEIVED THAT WAS NEEDED? YES, SIR. OKAY. SO WITH THAT, BEFORE WE MOVE INTO ANYTHING ELSE FROM THE COUNCIL, WE DO HAVE A PUBLIC HEARING. SO WITH THAT, MISS STORM, PLEASE LET THE RECORD REFLECT. I WILL

[00:35:02]

OPEN A PUBLIC HEARING ON THIS ITEM. IF ANY MEMBER OF THE PUBLIC WISHES TO STEP FORWARD AND ADDRESS COUNCIL, PLEASE DO SO AT THIS TIME. OKAY. MISS STORM, PLEASE LET THE RECORD REFLECT. NO ONE HAS STEPPED FORWARD TO SPEAK, SO I WILL CLOSE OUR PUBLIC HEARING COUNCIL. IF THERE ARE QUESTIONS OR COMMENTS, I'M OPEN TO THOSE. I KNOW WE'VE HAD THIS DISCUSSION A COUPLE OF DIFFERENT OCCASIONS, AND SO IF THERE ARE NO QUESTIONS, I AM OPEN TO A MOTION ON THE ITEM. COUNCILMAN WILLIAMS THANK YOU. MAYOR, I'D LIKE TO JUST MAKE A COMMENT JUST TO PRELUDE ANY, YOU KNOW, VOTING. IF A MOTION COMES UP AS TO WHY I MIGHT THINK OR FEEL HOW I FEEL, I LOVE HOPE FOR THE CITIES. AND I THINK THIS EVENT IS GOING TO BE A GREAT EVENT THAT CAN DO A LOT OF GREAT FOR THE CITY. HOWEVER, I'M NOT MYSELF QUITE INCLINED TO THINK THAT IT'S WISE FOR US TO SET A PRECEDENT OF USING TAXPAYER MONEY TO DONATE TO THE NONPROFIT THROUGH AND FOR AN ORGANIZATION EVENT, RATHER THAN IF THE CITIZENS WANTED TO DONATE TO THE NONPROFIT, JUST TO DONATE TO THE NONPROFIT FOR A SPECIFIC, YOU KNOW, FUNDRAISING OF THE NONPROFIT. I FEEL LIKE WE'RE KIND OF OPENING THE DOOR FOR. CONTINUAL APPLICATIONS FOR THIS TYPE OF THING, UNLESS THERE'S SOMETHING THAT STAFF CAN HELP. READ ME IN ON THAT WE'VE DONE PREVIOUSLY, OR A PRECEDENT THAT'S SET ON A STANDARD BASIS THAT IT FALLS WITHIN. THAT'S MY THAT'S MY ONLY CONCERN IS UTILIZING THE TAXPAYER DOLLARS FOR THAT. I THINK IT'S A GREAT EVENT. LOVE, HOPE FOR THE CITY, SUPPORT EVERYTHING THEY DO. AND LIKE I SAY, I'M SURE THE TOURNAMENT'S GOING TO BE AN EXTREME SUCCESS. I'M JUST REALLY CONCERNED ABOUT STARTING THAT CHAIN OF EVENTS THAT'S GOING TO LEAD TO CONTINUAL APPLICATIONS THAT THERE'LL BE NO REASON TO DIFFERENTIATE BETWEEN ONE EVENT AND ANOTHER EVENT, AS LONG AS A NONPROFIT IS TIED TO IT AND USING TAXPAYER MONEY. AND THAT'S MY CONCERN. OKAY.

APPRECIATE YOU SHARING YOUR CONCERNS, COUNCILMAN. ONLY THING I WOULD SAY ON THAT IS TYPICALLY WHAT WE HAVE DONE IN THE PAST IS DIRECTLY CONTRIBUTED IN THE FORM OF ATTENDING THROUGH THE CITY FUNDING. SO BUT I DO UNDERSTAND THE CONCERNS THAT YOU'RE STATING. SO WITH THAT, DO WE HAVE ANY OTHER COMMENTS ON THIS ITEM THIS EVENING? OKAY, MAYOR PRO TEM I'LL MAKE TWO COMMENTS. MAYOR, WE DO PUT AN EVENT TOGETHER WITH CHAMBER AND WITH THE CITY STAFF FOR IN MAY WHEN WE DO TASTE OF WILEY THAT ALL THE CONTRIBUTES ALL THE DONATIONS COME IN AND WE DISTRIBUTE THOSE TO THE. NON-PROFITS AROUND AND FOOD PANTRIES AROUND. AND THE SECOND THING IS I THINK THIS EVENT IS BIGGER THAN JUST A NONPROFIT EVENT. IT BRINGS PEOPLE FROM ALL OVER THE TRI STATE AREA TO BE ABLE TO COME AND SEE OUR CITY AND BE A PART OF OUR CITY. SO I THINK IT KIND OF DIFFERENTIATES THE PURPOSE OF WHAT THIS IS FOR. COUNCILMAN STRANG. WELL, I WASN'T GOING TO SAY ANYTHING, BUT MY LEARNED COLLEAGUES INSPIRED ME. NORMALLY, I'M NOT A FAN OF USING TAXPAYER FUNDS FOR CHARITIES, BUT I THINK LIKE MAYOR PRO TEM IS SAYING, THIS IS SOMETHING THAT ACTUALLY BRINGS PEOPLE INTO WILEY AND CAN IT KIND OF LIFTS ALL BOATS OR HAS THE POTENTIAL TO LIFT ALL BOATS, AS OPPOSED TO JUST A HANDOUT TO A CHARITY, WHICH, IN THE WORDS OF JAMES MADISON, CHARITY IS IN NO WAY THE DUTY OF THE LEGISLATURE. AND FRANKLY, I'D LIKE TO SEE AN END TO ALL ENTITLEMENTS. BUT I THINK THIS IS A NICE DIFFERENTIATION, WHICH IS WHY I'M ACTUALLY GOING TO SUPPORT IT. OKAY. COUNCILMAN WILLIAMS, THANK YOU, MAYOR. SO I WAS THINKING DURING OUR LAST WORK SESSION THAT WE DISCUSSED THE TASTE OF WILEY AND WHAT THE CITY CONTRIBUTES. AND IT'S ACTUALLY THAT THE CITY DOESN'T CONTRIBUTE PER SE, OUT OF CITY FUNDS, BUT THAT IT ENDS UP BEING COVERED BY THE TICKET SALES COST, IF I REMEMBER. RIGHT. SO CORRECT ME IF I'M IF I'M WRONG ON THAT. WHAT WAS THE QUESTION? THE HOW WE CONTRIBUTE OR DON'T TO THE TASTE OF WILEY, THE TASTE OF WILEY. WE DO NOT. WE'RE A PASS THROUGH. THAT'S WHAT I THOUGHT. SO WE DON'T WE DON'T TECHNICALLY CONTRIBUTE. WE'RE A PASS THROUGH. WE HELP FACILITATE. AND IN THE EVENT THAT THE CITY. THE CITY FACILITATES. NEXT, IT'S NOT A NET DONATION TO TAXPAYERS FROM.

WE SELL TICKETS. THE MONEY WE RECEIVE FROM TICKETS. WE JUST TURN AROUND AND ISSUE THAT TO THE. THE DIFFERENT FOOD PANTRIES IN OUR COMMUNITY. AND I WAS THINKING THAT WE WENT THROUGH THE ROUTE OF FOR B MONEY, DETERMINING THAT THE EVENT DID NOT BRING ENOUGH HERE TO, TO, FOR IT TO QUALIFY TO USE FOR FOUR B AND WE WENT THROUGH THE ROUNDS OF LOOKING TO SEE DOES THE EDC WANT TO GET INVOLVED AS FAR AS IT CONTRIBUTING AN ECONOMIC IMPACT THAT OFFSETS THE THE DOLLARS. AND THAT CAME BACK AS A NO AS WELL. IS THAT RIGHT? FOUR B WAS

[00:40:05]

NEVER A CONSIDERATION. I DID SPEAK TO MR. GREINER AT THE EDC AND THEY DO NOT AS A STANDING POLICY. THEY DO NOT PROVIDE DONATIONS TO ANY OTHER ENTITIES. BASICALLY, IT'S THE SAME THING THAT HAS BEEN DISCUSSED BEFORE, AND THAT'S WHY WE HAVE THE ORDINANCE THAT WE HAVE TODAY.

WE USED TO. THE CITY COUNCIL HAD A STANDING PRACTICE OF DONATING, AND I DON'T REMEMBER THE EXACT BUDGET AMOUNT. IT WAS $40,000 A YEAR THAT THE CITY COUNCIL HAD A LINE ITEM IN OUR BUDGET. AND THOSE THAT WISHED TO SEEK DONATIONS FROM THE CITY WOULD COME TO CITY COUNCIL MEETING AND DO A PRESENTATION, AND THE CITY COUNCIL WOULD THEN DETERMINE, I GUESS, THE DIFFERENCE AMOUNT. THIS WAS BEFORE MY TIME. THEY WOULD DETERMINE THE DIFFERENT AMOUNTS THAT WOULD THEN BE GIVEN TO THOSE NON-PROFITS. WE DID DO DONATIONS WITH COVID MONEY OR ARPA OR CARES OR WHATEVER THE MONEY WE GOT FROM THE FEDERAL GOVERNMENT. WE DID DO THAT, BUT AND THAT WAS AN EXCEPTION. THE CURRENT ORDINANCE IS WAS ESTABLISHED BECAUSE DURING THE DOWNTURN IN THE ECONOMY IN, I DON'T KNOW, PICK A YEAR. 0608 SOMEWHERE AROUND THERE. THE CURRENT LEADERSHIP AT THE TIME, THE CURRENT COUNCIL MADE THE DECISION TO REMOVE THAT LINE ITEM FROM THE BUDGET. SO WE, WE THE CITY OR THE HAS NOT DONE ANY DONATIONS SPECIFICALLY TO ANY NONPROFIT SINCE THAT TIME. SO MISS STORM MAY HAVE SOME ADDITIONAL INFORMATION. I'M NOT SURE IF WE WERE IF IF WE IF WE WERE GOING TO GO DOWN THIS ROAD AND APPROVE THIS DONATION AND OPEN THAT DOOR FOR FUTURE APPLICATIONS, WHAT WOULD YOU SUGGEST WE SELECT THAT SET THAT BUDGET AT IN FUTURE BUDGETS? THAT WOULD BE A DECISION FOR THE COUNCIL. ANY RECOMMENDATION? NO, SIR. ALL RIGHT. WE ARE, BUT WE DON'T HAVE ANY. WE DON'T HAVE ANY FUNDS SET ASIDE FOR IT.

NOW. IT WOULD COME OUT OF GENERAL FUNDS. IT ALL. IT WOULD ALL COME OUT OF GENERAL FUND.

BUT IF ANYTHING, WE APPROVE RIGHT NOW IS NOT A DIRECT LINE ITEM. THERE'S NOT A BUDGET LINE ITEM FOR IT. IT WOULD HAVE TO JUST COME OUT OF GENERAL FUNDS. AND I REALIZE THIS IS A SMALL AMOUNT, BUT SMALL THINGS TURN INTO BIG THINGS. AND THAT'S WHERE YOU KNOW, AGAIN, GREAT EVENT, GREAT PEOPLE. IT'S NOT ABOUT THAT. IT'S ABOUT WHAT PRECEDENT ARE WE SETTING IS MY CONCERN. SURE. I GUESS I'LL JUST ADD TO THAT THE THE DONATION ORDINANCE. THERE IS SOME CONFLICTS IN THAT WITH STATE LAW. AND AT THE MAYOR'S REQUEST, WE WILL HAVE A WORK SESSION ON THAT AT SOME POINT IN A FUTURE MEETING. TO GO THROUGH THAT AS AFTER OUR ATTORNEY HAS REVIEWED THAT AND PROVIDED HIS FEEDBACK. BUT THAT'LL BE. WHAT WOULD IT TAKE TO LOOK AT IT FOR FOR B, IF IT WOULD HAVE A BIG ENOUGH IMPACT TO BRING PEOPLE TO THE CITY THAT THEN QUALIFIES FOR FOR B, I WOULD THINK, YOU KNOW. SO I'LL STEP IN ON THAT AND JUST TELL YOU THAT THE DISCUSSION THAT THE EDC HAD ON THIS PARTICULAR ITEM WAS THAT WITH THE PENDING, SOME OF THE POTENTIAL PARTNERSHIP OPPORTUNITIES THAT THEY ARE MAKING WITH DOWNTOWN MERCHANT OR TWO IN CONJUNCTION WITH THE EVENT TO HOLD OTHER PARTS OF IT, I GUESS KIND OF THE AFTER EVENTS AND THINGS IN DOWNTOWN THAT IF THOSE THINGS COME TO FRUITION, WHAT THEY'LL DO IS RATHER THAN MONETARY AMOUNT, THEIR SUPPORT FOR ANYTHING LOCAL LIKE THAT, NO MATTER WHETHER IT'S THIS OR OTHERS, HAS ALWAYS BEEN TO HELP SPREAD THE WORD THROUGH THEIR SOCIAL MEDIA PLATFORMS AND OTHER VENUES AND AVENUES THAT THEY HAVE. THAT HAS BEEN THEIR STANDARD POLICY. UNLESS THEY'RE BUYING TICKETS TO IT, THEY'RE NOT AWARE OF ANYONE ON THE TEAM WHO IS READY TO, I GUESS, COMPETE IN A HE HE JUST. MR. GREINER IS POINTING AT HIS BOARD MEMBER AND HIS AND MISS HERMES TONIGHT, INDICATING THEY MIGHT. BUT AS. AS NO ONE ON HIS TEAM WAS INTERESTED, THEY FIGURED THEY'LL PUT MORE OF AN EFFORT TOWARDS THE MARKETING SIDE. TYPICALLY, WHEN THEY HAVE A REQUEST, WHAT THEY MAY DO TO SUPPORT AN EVENT IS BUYING TICKETS TO A GALA VENUE, DINNER, THAT TYPE OF THING. IN THIS CASE, THEY WON'T BE BUYING TICKETS, SO THEY'RE GOING TO DO A LITTLE MORE. ON THE MARKETING SIDE IS WHAT THEY'VE SAID. SO I'LL, I KNOW I'M ONE MEMBER OF, OF SEVEN, SO I'LL WRAP IT UP WITH JUST SAYING IF WE, I WOULD BE ALL FOR IT IF WE HAD SOME QUANTIFIABLE DOLLARS, KIND OF

[00:45:06]

LIKE THE OTHER DECISIONS WE'VE MADE FROM THE SOCCER TOURNAMENT TO WHATNOT, IT WAS THIS MANY PEOPLE ARE GOING TO BE BROUGHT. IT'LL BRING THIS MUCH TO THE CITY. IT OFFSETS THIS WAY.

THEREFORE, IT'S A BENEFIT TO THE TAXPAYERS. ASIDE FROM THAT, I'VE SAID MY PIECE AND JUST THANK YOU FOR LISTENING. THANK YOU SIR. MAYOR PRO TEM, DID YOU HAVE SOMETHING ELSE YOU WOULD LIKE TO ADD? I'M READY FOR A MOTION. OKAY. I DON'T SEE ANYONE ELSE SEEKING TO SPEAK, SO I WOULD BE OPEN TO A MOTION MOTION TO APPROVE THE ITEM AS PRESENTED. OKAY. WE DO HAVE A MOTION TO APPROVE. DO WE HAVE A SECOND? COUNCILMAN DUKE? THANK YOU, MR. MAYOR. A SECOND. OKAY.

WE HAVE A MOTION TO APPROVE THE ITEM WITH A SECOND COUNCIL. PLEASE CAST YOUR VOTE. MOTION

[2. Present, and place on file, the Wylie Economic Development Corporation 2025 Annual Report.]

CARRIES SIX ONE WITH COUNCILMAN WILLIAMS AGAINST. WITH THAT, WE'LL MOVE TO ITEM TWO THIS EVENING, WHICH IS TO PRESENT AND PLACE ON FILE THE WILEY ECONOMIC DEVELOPMENT CORPORATION'S 2025 ANNUAL REPORT. AND AS I MENTIONED EARLIER, POINTING HIM OUT IN THE BACK, WE HAVE MR. GREINER HERE THIS EVENING, WHO IS THE DIRECTOR AND HAS BROUGHT A PRESENTATION FOR US. LOOKS LIKE IT MIGHT TAKE JUST A MINUTE TO FIGURE OUT THE THUMB DRIVE.

HOW DO I SWITCH IT OVER TO THE. THERE WE GO. PERFECT. AND BRANT, YOU WANT TO YOU WANT TO REMIND HIM TO FULL SCREEN. WELL, HE'S GOT IT ON. OH NO, I SWITCHED IT OVER. I FORGOT HOW TO DO IT ON THE PDF. THANK YOU FOR HAVING US THIS EVENING. I'VE GOT MY BOARD VICE PRESIDENT BACK HERE AND OUR ASSISTANT DIRECTOR WITH US TONIGHT, AND TWO EX OFFICIO BOARD MEMBERS, OF COURSE, WITH THE MAYOR AND MR. PARKER. EACH YEAR WE PRESENT OUR ANNUAL REPORT TO COUNCIL FOR OUR BYLAWS. AND IN PREPARATION FOR OUR SUBMITTAL TO THE CONTROLLER'S OFFICE AS WELL. THIS YEAR, WE, AS ALWAYS, GO THROUGH THE SAME PROCESS THAT THE CITY GOES THROUGH FOR AUDIT, WITH THE THIRD PARTY FIRM SELECTED BY THE CITY OF WILEY, AND THROUGH THE 2025 AUDIT, THERE WERE NO REVEALED DISCREPANCIES OR IRREGULARITIES.

AND WE DO ENSURE GREATER OPPORTUNITY FOR CLEAN AUDIT BY WORKING VERY CLOSELY WITH FINANCE THROUGHOUT THE YEAR. SO THEY HAVE COMPLETE UNDERSTANDING OF ALL OF OUR ACTIVITIES WHERE THEY ARE PREPARED TO ANSWER ANY QUESTIONS THAT COME UP THROUGH THE AUDIT PROCESS TONIGHT BEFORE YOU HAVE THE ANNUAL REPORT. I'M NOT GOING TO GO THROUGH AND READ THE WHOLE THING. I'M GOING TO HIT SOME HIGHLIGHTS THIS EVENING AND JUST KIND OF GO THROUGH SOME OF THE HIGH IMPACT INITIATIVES AND REVIEW SOME OF OUR FINANCIAL RESOURCES HERE AS WELL. BUT BEGINNING FUND BALANCE THIS YEAR, WE ANTICIPATED A FUND BALANCE OF 8.3 MILLION IN THE AUDITED FUND BALANCE WAS LATER ADJUSTED UP TO 13.3. WE CARRIED CASH FORWARD WITH THE FISCAL YEAR 2025 NOTE WE GOT RIGHT BEFORE THE END OF THE YEAR. WE ANTICIPATED BEING ABLE TO CLOSE ON BOTH OF THOSE PROPERTIES. ONE OF THEM DID NOT CLOSE UNTIL A COUPLE OF MONTHS LATER, SO WE CARRIED SOME OF THAT CASH FORWARD, AND WE STILL HAVE SOME EXPENSES THAT WE HAVE NOT BEEN ABLE TO PAY FOR OUT OF THIS LAST FISCAL YEAR. SO WE CARRIED A LITTLE BIT LARGER BEGINNING FUND BALANCE. THIS YEAR. SALES TAX WAS UP, AS REPORTED IN THE AKBAR, OVER $20 MILLION FOR THE FIRST YEAR EVER FROM THE CITY OF WILEY, 2.88%. OURS WAS $5 MILLION, TOPPED $5 MILLION. WE HAD SOME OTHER REVENUE IN THERE, FROM RENTAL INCOME TO MISCELLANEOUS INCOME, $232,000 RELATED TO THE GAIN AND LOSS SALE OF ASSETS, AND 363,000 IN ALLOCATED INTEREST. A COUPLE PROPERTIES WE SOLD THIS LAST YEAR. YOUR YOU'RE ALL VERY AWARE OF THIS FROM EXECUTIVE SESSION, NEGOTIATION AND DISCUSSION. BUT WE HAD THE LOT ONE OF THE COOPER PLAZA, WHICH WAS MCCLURE PARTNERS FOR THE 7-ELEVEN, GOT LOT ONE R AND LOT FIVE R OF THE 544 GATEWAY EDITION. WE SOLD TO WALK ONS AND ALSO TO KATE'S. WE'LL TALK A LITTLE BIT MORE ABOUT THAT IN A MINUTE. TOTAL REVENUE THIS LAST YEAR WITH THE FISCAL YEAR 2025 NOTE THAT CLOSED RIGHT AT THE END OF THIS LAST YEAR WAS 12.4 MILLION AVAILABLE IN RESOURCES. TOTAL EXPENSES WERE 13 MILLION. WE HAD 692,000 PERSONNEL, 228,000 ADMINISTRATIVE, 250,000. IN MARKETING. THIS DOESN'T MATCH OUR BUDGET. AND I WANT TO POINT

[00:50:06]

THAT OUT BECAUSE IF YOU GO LOOK AT OUR BUDGET BALANCE IN OUR FINAL REVENUE AND EXPENSES FOR THIS LAST YEAR, YOU'D ASK WHY THE MARKETING IS 250,000. IT WASN'T THAT HIGH, BUT OUR SPECIAL SERVICES ACCOUNTS, WHEN WE SPEND MONEY, WE REALLOCATE THOSE AT THE LAST LINE THERE EITHER OTHER. FOR ENGINEERING, ENVIRONMENTAL MAINTENANCE OR SPECIAL SERVICES. ACCOUNTS HAVE TO BE SPLIT INTO EITHER ADMINISTRATIVE COSTS OR INTO MARKETING. SOME OF OUR SPECIAL SERVICES COSTS GO INTO THE MARKETING BUDGET. I'M POINTING THAT OUT BECAUSE UP TO 10% OF OUR BUDGET CAN BE USED FOR ADVERTISING. SO 10% OF 5 MILLION YOU GOT $500,000 ON AN ANNUAL BASIS. YOU CAN USE FOR BUDGETING, FOR MARKETING, PROMOTING EVENTS THAT ARE COMING TO OUR COMMUNITY, PROMOTING AVAILABLE LAND AND RESOURCES THAT ARE AVAILABLE IN THIS COMMUNITY FOR OUTSIDE INVESTMENT. SO WE STILL HAVE QUITE A BIT OF ROOM THERE FOR ADVERTISING. THAT'S ONE OF THE ITEMS YOU GUYS WERE JUST TALKING ABOUT. SO WE WE'LL TALK A LITTLE BIT MORE ABOUT THAT IN 2026 GOALS AND OBJECTIVES HERE. BUT THERE'S SOME ROOM FOR IMPROVEMENT WITH MARKETING DOLLARS AND PROMOTING LOCAL EVENTS, ESPECIALLY IF THEY BRING PEOPLE FROM OUTSIDE IN. WE'VE GOT DEBT SERVICE AT 1.2 MILLION. THAT DID NOT REFLECT THE NEW 2025 NOTE OR THE 2026 NOTE YOU JUST APPROVED, BUT LAND 4.4 MILLION INFRASTRUCTURE, 9.1 INCENTIVES 960,000, WHICH WILL BREAK DOWN A LITTLE BIT MORE IN A SECOND PAYMENT TO OTHER TAXING UNITS AND OTHER, WHICH WE'VE ALLUDED TO. WE HAVE A BEGINNING FUND BALANCE OUT OF BEGINNING FUND BALANCE FOR THIS YEAR OF $11.1 MILLION PERFORMANCE AGREEMENTS. THIS LAST YEAR, WE HAD $960,000 PAID OUT, 42,000 OF THAT WENT TO OFFICE, MEDICAL OR COMMERCIAL DEVELOPMENTS. I THINK THIS IS ALWAYS IMPORTANT TO POINT OUT BECAUSE YOU THINK WITH ALL THE COMMERCIAL DEVELOPMENT THAT COMES IN, LIKE, WHERE DO THE MAJORITY OF OUR INCENTIVE DOLLARS GO STILL THE PRIMARY EMPLOYERS? SO IT'S A LOT OF MANUFACTURING, A LOT OF PRIMARY EMPLOYERS. WE'VE GOT HEADQUARTER RELOCATIONS, WE'VE GOT NEW INFRASTRUCTURE THAT'S GOING IN TO FACILITATE NEW CONSTRUCTION. BUT A LOT OF THOSE AGREEMENTS ARE ACTUALLY GOING TO INDUSTRIAL USES AND INDUSTRIAL 885,001 TIME FINAL PAYMENTS LAST YEAR, 895. TOTAL LAND HOLDINGS. THIS LAST YEAR, WE OF COURSE SOLD THOSE THREE PROPERTIES. WE ALSO ACQUIRED ONE. AS WE ALLUDED TO, WE'VE GOT 37.8 ACRES. WE'VE GOT 5000FT■!S OF IMPROVEMENTS.

THERE'S TWO PROPERTIES THAT STILL HAVE STRUCTURES ON THEM. EVERYTHING ELSE HAS BEEN CLEANED UP AND PREPARED FOR MARKETING THOSE PROPERTIES. MOVING FORWARD TO SALE THE COST BASIS OF 15.9 MILLION, AN OUTSTANDING DEBT OF 13.7 PROPERTY ACQUIRED THIS LAST YEAR WAS 8.5 ACRE TRACK ON 544. AND WE'LL TALK A LITTLE BIT MORE ABOUT THAT AS WELL. 2025 VALUATIONS. WE'VE TRACKED THIS EACH YEAR. OF THE TOTAL 9.9 BILLION, YOU HAD 163 MILLION IN NEW CONSTRUCTION AND OVERALL GAIN OF GAIN OVER THE LAST FIVE YEARS OF $4 BILLION. WE HAVE CONTINUED TO TRACK THE COMMERCIAL INDUSTRIAL VALUATIONS EACH YEAR, GOING BACK ABOUT 24 YEARS. SAM WAS HERE AND PLUS FIVE SINCE THEN. SO ALMOST 30 YEARS OF TRACKING FOR NEW COMMERCIAL AND INDUSTRIAL VALUATIONS. BUT NEW CONSTRUCTION THIS LAST YEAR IS 13.9 MILLION DOWN OVER THE LAST COUPLE OF YEARS. WE'VE GOT A LOT MORE IN THE PIPELINE FOR THE NEXT 2 OR 3 YEARS, GAIN LOSS OR GAIN LOSS. OVER THE LAST FIVE YEARS, WE GOT 417 MILLION IN NEW VALUE IN COMMERCIAL AND INDUSTRIAL AS WELL. HIGH IMPACT INITIATIVES THAT I AM SKIPPING OVER A WHOLE BUNCH OF STUFF IN THIS ANNUAL REPORT. IF YOU GO BACK AND LOOK AT THIS, THERE ARE SOME DYNAMIC PROJECTS WE'VE WORKED ON OVER THE LAST 20 YEARS, REALLY KIND OF GOING BACK, LOOKING AT THESE TIMELINES, IT'S ALMOST NOT FAIR TO SKIP OVER THE ANNUAL REPORT AND HIT SOME OF THESE HIGHLIGHTS, THE WOODBRIDGE CROSSING DEVELOPMENT AND IS A CATALYST. WOULD WE INCENTIVIZE, YOU KNOW, USING A 380 AGREEMENT TO GET THEM TO INSTALL SPRING, SPRING? WELL, PARKWAY AND MCCREARY, BUT THAT DEVELOPMENT IS $92.9 MILLION IN SALES ON AN ANNUAL BASIS, THAT THINGS GENERATE 2.4 MILLION A YEAR. WE DID A $6 MILLION INCENTIVE AGREEMENT ON THAT. SO LOOK AT THAT THING. THAT'S TWO POINT YOU KNOW, 2.4 MILLION A YEAR IS $24 MILLION OVER THE NEXT TEN YEARS. THAT'LL GENERATE FOR THE CITY THEIR TOTAL VALUATIONS OVER $110 MILLION. THAT'S A BIG DIFFERENCE FROM THE IT WAS A COTTON FIELD OR CORNFIELD THAT IT WAS YEARS AGO. SO TO KIND OF PUT IT IN PERSPECTIVE, THE AMOUNT OF TIME IT TAKES TO GO INTO THESE REASON WHY WE DRAG SOME OF THESE HIGH IMPACT INITIATIVES THROUGH YEAR AFTER YEAR IN THIS ANNUAL REPORT TO KIND OF HIGHLIGHT, IT TAKES SO MANY YEARS FOR THESE THINGS TO STABILIZE FROM COMMERCIAL, RIGHT? FROM LAND TO YOU GUYS SEE THE DELAY IN TAXABLE VALUE FROM PLANNING AND ZONING ALL THE WAY THROUGH, PUTTING A SHOVEL IN THE GROUND, GETTING THE BUILDINGS BUILT, AND THEN FINALLY THE TAX VALUE HITS, AND THEN THE DELAYED GRATIFICATION THROUGH THE CITY. THIS IS GOING ON 20 YEARS FOR THE TARGET CENTER. RIGHT, WOODBRIDGE

[00:55:01]

CENTER. WE'RE OVER TEN YEARS IN THIS ONE. THIS, YOU KNOW, $53 MILLION GENERATES 868,000 A YEAR. WE'RE GOING TO ADD TO THIS. EACH YEAR WE'LL TRACK THE 544 GATEWAY ADDITIONS, COOPER PLAZA ADDITIONS. WE'LL ALSO TRACK COOPER AND 544 AND KRAMER AND 78 FOR SOME OF THESE AS WELL. KIND OF ANALYZING FOR YOU THE TOTAL INCENTIVE THAT WENT INTO IT, AND THEN THE TOTAL TAXABLE VALUE THAT IS BROUGHT ON FROM THAT INVESTMENT IN HERE. WE ALSO HAVE SOME OF THE ADDITIONAL PERFORMANCE AGREEMENTS FROM THIS LAST YEAR. WE'VE GOT AMERICAN ENTITLEMENTS WRAPPED UP. A.X.L LOVE IT. CLINICO, PHOENIX ASCENDING, SANDEN INTERNATIONAL'S INCENTIVE AGREEMENT. FINAL PAYMENT WAS MADE. WE HAD TWO MORE PERFORMANCE AGREEMENTS THAT WERE EXECUTED THIS LAST YEAR. KATE'S CONTROLS FOR THEIR OVER $9 MILLION INVESTMENT, YOU KNOW, 120 PLUS EMPLOYEES. THIS IS A HEADQUARTERS RELOCATION. AND THEY GOT TOWER EXTRUSION FOR ANOTHER LOCAL BUSINESS EXPANSION. AND THERE ARE MANY, MANY MORE KIND OF GOING INTO 2026 GOALS AND OBJECTIVES. OUR BOARD REALLY WANTED TO LOOK AT THE NEXT COUPLE YEARS AND SAY, WHAT IS THE PLAN FOR 2026? AND THEN WHAT'S THE PLAN FOR ANYTHING PAST THAT? AND LET'S MAKE SURE THAT WE'RE ON TASK TO TRY AND DELIVER THESE ITEMS. THE OVERALL DELAYS WITH CONSTRUCTION, AS YOU'RE ALL AWARE, WITH ROADS AND RELOCATION OF UTILITIES, IS TAKING A LOT LONGER THAN I EVER WOULD HAVE ANTICIPATED. TO GET INFRASTRUCTURE IN THE GROUND AND GET THESE SITES PREPARED. WE'RE NOT DONE WITH FINAL INSPECTIONS FOR COOPER PLAZA YET, SO 711 IS UP AND OPERATIONAL. WE DON'T HAVE FINAL APPROVAL FROM, YOU KNOW, FINAL WALK THROUGH. 544 GATEWAY WILL BE NEXT. WE'RE WRAPPING THESE UP THOUGH IN THIS YOU'LL KIND OF SEE WE'RE WE'RE COMPLETING ARCHITECTURAL RENDERINGS AND MARKETING PACKAGES FOR COOPER PLAZA FOR JACKSON AVENUE AND FOR OUR HOLDINGS ALONG BALLARD. THERE'S REDEVELOPMENT AROUND OLD CITY PARK THAT CAN BE DONE SOME REAL ESTATE THERE THAT WE OWN, AND WE WANT TO COME UP WITH SOME CONCEPT PLANS TO ACTUALLY MOVE FORWARD WITH THE MARKETING DECK.

IN ADDITION TO THAT, THIS NEXT YEAR, WE'VE GOT SOME INFRASTRUCTURE TO INSTALL.

WE'VE SUBMITTED PLANS AND WE'VE GOT JACKSON AVENUE PARKING. WE'VE GOT INSTALLATION OF STRIPING, CURB AND IMPROVEMENTS ALONG JACKSON OAK, MARBLE AND BALLARD. WE'VE ALSO GOT A SIDEWALK PROJECT WE'RE TAKING FROM OUR DEVELOPMENT, COOPER PLAZA FROM BROWN AND 78, ALL THE WAY FROM MARBLE AND 78 DOWN TO OAK, ALL THE WAY DOWN TO BALLARD. SO THERE'LL BE A SIDEWALK INTEGRATION THAT WILL CONNECT THROUGH THERE AS WELL. IT'S IN FINAL REVIEW AT THE CITY. WE'VE ALSO GOT DISCOVER WILEY AND HISTORIC DOWNTOWN WILEY'S WEBSITES. WE'VE KIND OF ALLUDED TO THAT IN THE PAST. WE'LL HOPEFULLY HAVE THOSE WEBSITES DONE IN A FEW MONTHS, BUT YOU'LL HAVE BRAND NEW WEBSITES FOR DISCOVER. WILEY, WORKING IN PARTNERSHIP WITH CRAIG AND HIS TEAM AT THE CITY, ALL THE DOWNTOWN MERCHANTS AND EVERYONE ELSE TO HELP BRING MORE OF A DESTINATION MARKETING WEBSITE TO OUR COMMUNITY. DISCOVER WILEY IS STILL THE DOWNTOWN MERCHANTS. WE HAVE HISTORIC DOWNTOWN WILEY. THOSE TWO BRANDS WILL WORK TOGETHER TO PROMOTE AND HIGHLIGHT THE THINGS THAT MAKE DOWNTOWN SPECIAL, TO MAKE SURE THAT IF IT BEGINS AND ENDS IN DOWNTOWN WILEY, THEN WE'RE DRIVING THEM DOWNTOWN TO WHERE THOSE BUSINESSES ARE CONCENTRATED. BUT DISCOVER WILEY WILL GO LIVE MORE 30,000FT UP IN THE AIR. SO WE'LL BE ABLE TO PROMOTE THOSE EVENTS THAT WILL BRING PEOPLE TO THE COMMUNITY. AND IT ISN'T JUST ABOUT DOWNTOWN. IT'S ABOUT BRINGING PEOPLE TO THE COMMUNITY FROM THE OUTSIDE. BUT THAT'S A BIG PROJECT FOR US THIS NEXT YEAR. LONGER TERM DOWNTOWN REVITALIZATION EXPANSION PROJECTS ARE LISTED THERE AS WELL. AND THEN WE GOT 544 GATEWAY, A LOT OF PROJECTS ON. 544 AS YOU SEE ON THERE, WE'VE WE'VE SOLD A LOT. ONE LOT TWO WILL CLOSE IN APRIL, I THINK APRIL 27TH. LOT THREE IS A TEMP USE AGREEMENT RIGHT NOW, BUT WE'LL GET MOVING ON SOME CONSTRUCTION THERE SOON. LOT FOUR IS STILL HELD. LOT SEVEN IS STILL PENDING, BUT WE'VE SOLD LOT FIVE AND LOT SIX. YOU HAD DE LUMBER AND CUSTOM HOMES AND PHOENIX ASCENDING THERE IN THE SPRING, WHICH WAS KATE'S HEADQUARTERS RELOCATION. WE GOT 544 CORRIDOR MASTER PLANNING AND DRAINAGE ANALYSIS WITH THE CITY'S 19 ACRES. WE'VE GOT 544 AND SAND AN IPO COMING FOR ENGINEERING. AND IT'S REALLY JUST TO PREPARE FOR US JUST COMPLETING THE SURVEY, ENGINEERING AND DESIGN WORK FOR FISCAL YEAR 27. CONSIDERATION FOR SAND AND PROJECT OVER THERE.

A LOT OF DEVELOPMENT ON SAND AND. 544 HOOPER STILL REGENCY. WE JUST SUBMITTED OUR COMPLETED DOWNSTREAM ASSESSMENT FOR SHADOW CREEK WITH TECH STONE DEVELOPMENT OVER THERE AT HOOPER AND 544 THAT'S MOVING FORWARD. THEY CLOSE THIS WEEK. I THINK WE GOT A GREEN LIGHT THERE. WE'LL GET THAT ACROSS THE FINISH LINE. HIGHWAY 78 DEVELOPMENTS. WE GOT ATMOS GAS LINE. THAT TOOK MUCH LONGER THAN I THOUGHT AS WELL. BUT IT WENT FROM KRAMER WITH A GAS MAIN EXTENSION ALL THE WAY UP TO 78. AND FROM THERE FROM PANDA ALL THE WAY ACROSS TO FUEL CITY. SO EVERY SINGLE ONE OF THOSE BUSINESSES WILL HAVE NATURAL GAS CAPABILITY. AND A LOT OF THOSE RESTAURANTS HAVE BEEN WAITING ON THAT. I KNOW THAT FOR A NUMBER OF YEARS NOW.

TEX DOT MEETING IMPROVEMENTS DECEL LANES WILL START LATER THIS YEAR FOR KRAMER AND 78.

AND WE'VE GOT A WATER LINE, SEWER LINE EXTENSION FOR ALANIS. THIS IS WON'T GO THROUGH ALL THIS BUSINESS RETENTION EXPANSION, WORKFORCE DEVELOPMENT AND ENTREPRENEUR

[01:00:03]

ENTREPRENEURSHIP SUPPORT THIS NEXT YEAR LOT GOING ON. BIG LOSS FOR US. ANGEL WAGONS RETIRING IN MAY. SO BIG SHOES TO FILL FOR CHRISTIE AND THE REST OF OUR STAFF TO PICK UP WHERE SHE LEFT OFF. SOME AMAZING PROGRAMS. I MEAN, IT'S JUST BEEN A GREAT FEW YEARS AND WE'VE DONE SO MUCH, GOT SO MANY GOOD PROGRAMS THAT ARE GOING ON WITH A LOT OF THESE EXISTING EMPLOYERS, AND THEY'VE BEEN VERY RECEPTIVE. ONE THING I'LL POINT OUT IN HERE, IT'S ON PAGE.

THERE'S THAT. THE ISD MANUFACTURING DAY. THIS WAS SOMETHING WE STARTED YEARS AGO, BUT SOME OF THESE STATS ARE PRETTY COOL. 340 STUDENT TOURS, STUDENT AND COMMUNITY TOURS, 21 MANUFACTURERS AND OVER 1300 STUDENTS. JUST ONE DAY, TWO DAY, THREE DAY EVENT IN OCTOBER. AND WE'VE WE'VE HAD A LOT OF THOSE KIDS GET HIRED LOCALLY AT INDUSTRY. AND IT JUST TEACHES THEM THAT NOT ONLY DO YOU HAVE A CAMPUS ACROSS THE STREET THAT'S UNDER CONSTRUCTION WHERE YOU CAN DO CAREER AND TECHNICAL EDUCATION, YOU HAVE PLACES THAT YOU CAN GO TO WORK RIGHT HERE IN TOWN. SO ONE ADDITIONAL INITIATIVE THAT WAS IDENTIFIED, WE HAVE SECURED ADDITIONAL FUNDS, AS YOU APPROVED TODAY IN THE CONSENT AGENDA FOR US TO ACQUIRE SOME ADDITIONAL LAND, WILL REPORT TO YOU ALL THREE OF THOSE PIECES OF PROPERTY UNDER CONTRACT AND MOVING TO CLOSE.

SO EVERYTHING ELSE IS MOVING FORWARD. AND IF YOU HAVE ANY QUESTIONS, I'LL BE MORE THAN HAPPY TO ANSWER. OKAY. WELL, I KNOW THAT THERE'S A LOT MORE INFORMATION THAT IS CONTAINED IN THE ANNUAL REPORT. SO FOR ANYONE OUT THERE WHO WOULD HAVE ADDITIONAL QUESTIONS, I WOULD SAY START WITH GOING THROUGH THE ANNUAL REPORT THAT'S IN THE PACKET. I KNOW THAT JASON AND HIS TEAM, AS WELL AS OUR BOARD, ARE ALWAYS HAPPY TO SPEAK WITH PEOPLE AS WELL. FOR THOSE WHO MAY WONDER, I'M SURE THAT MY FELLOW COUNCIL MEMBERS HAVE READ THROUGH THAT. AND THEN, OF COURSE, WE SPEND TIME WITH YOU ON A MONTHLY BASIS. OBVIOUSLY IT'S IN EXECUTIVE SESSION, BUT DISCUSSING ALL OF THESE PROJECTS FOR YEARS BEFORE THEY HAPPEN, I MENTIONED TODAY WE'RE EXCITED FOR SOME OF THE FUTURE PROJECTS. THAT'S ALL WE CAN SAY THERE, BUT WE'RE DEFINITELY EXCITED ABOUT THE PARTNERSHIPS AND THE WORK MOVING FORWARD. AND WE I WANT TO SAY THANK YOU TO YOU AND YOUR TEAM AS WELL AS THE BOARD MEMBERS. IT IS AN ACTIVE BOARD THAT REQUIRES QUITE A BIT OF TIME IN COMPARISON TO SOME OTHERS, AND SO APPRECIATE THEIR DEDICATION THERE. WITH THAT BEING SAID, I WANT TO OPEN IT UP COUNCIL IF THERE ARE ANY QUESTIONS AND IF NOT, BE OPEN TO A MOTION AS THIS IS AN ACTION ITEM. MAYOR PRO TEM THANK YOU. MAYOR, I WANT TO ECHO SOME OF YOUR WORDS ABOUT THE BOARD AND THE STAFF. THEY THEY REALLY DO A GREAT JOB.

AND ONE THAT I WOULD LIKE TO HIGHLIGHT IS THE MANUFACTURING DAY, WHERE THE STUDENTS GET TO SEE WHAT THE FUTURE LOOKS LIKE. FOR SOME OF THEM THAT ARE GOING THROUGH DIFFERENT TRAININGS WITH, WITH THE PROGRAMS THAT THE ISD ECONOMIC DEVELOPMENT AND THEY PUT TOGETHER WITH CALVIN COLLEGE. AND SO I'M REALLY EXCITED ABOUT THAT. AND THANK YOU FOR ALL THE WORK YOU GUYS DO. THE ONE THING THAT I WANTED TO ADD, AND YOU AND I HAVE TALKED, I THINK THE BOARD HAS TALKED AS WELL. YOU KNOW, IN WHEN WE HAD OUR MEETINGS. BUT I'M SINGULARLY FOCUSED ON ECONOMIC DEVELOPMENT, ON TERMS OF COMMERCIAL ECONOMIC DEVELOPMENT WITH EVERYTHING THAT'S GOING ON POLITICALLY WITH LEGISLATORS DOWN IN AUSTIN TODAY, TOMORROW, OR WHENEVER CHANGES THE RULES AND REGULATIONS ON US IN TERMS OF HOW THE BUDGET WORKS, WE HAVE TO MAKE SURE THAT THE CITY OF WYLIE IS STANDING IN ITS TWO FEET ON SALES TAX, AND THE ABILITY TO BRING AND DRIVE TRAFFIC TO OUR CITY AND HAVE PEOPLE SPEND THE MONEY. THAT'S SPEAKING FOR ME PERSONALLY, IT'S SINGULAR FOCUS IN THE NEXT FEW YEARS ABOUT THE ABILITY FOR OUR CITY TO HAVE THAT INCOME AND HAVE THAT CURVE WHERE IT GOES FROM PROPERTY TAX OWNERS OF THE PROPERTY TO RESIDENTIAL PROPERTY TAX TO COMMERCIAL DRIVE SALES TAX. SO I KNOW YOU AND I HAVE SPOKEN, I'VE SPOKEN, WE'VE SPOKEN WITH YOUR BOARD. AND I JUST KIND OF WANTED TO ECHO THAT AS WELL PUBLICLY. OKAY. NO WORRIES. JUST MAKING SURE YOU DIDN'T HAVE ANYTHING ELSE IF YOU LEAVE IT ON. SO. ALL RIGHT, IF THERE ARE NO OTHER COMMENTS, I'D BE OPEN TO A MOTION AS THIS IS AN ACTION ITEM THIS EVENING, COUNCILMAN STRAIN. THANK YOU. MAYOR.

MOTION TO APPROVE. MOTION TO APPROVE THE ITEM. DO WE HAVE A SECOND, COUNCILMAN DUKE? THANK YOU, MR. MAYOR. I'LL SECOND MOTION WITH A SECOND COUNCIL. PLEASE CAST YOUR VOTE. MOTION CARRIES SEVEN ZERO. THE ITEM IS APPROVED. THANK YOU. THANK YOU, SIR. WE'LL SEE YOU HERE IN NOT

[WS1. Discuss Fiscal Year 2027 Budget Kickoff.]

TOO LONG. BUT BEFORE THAT, WE DO MOVE FROM OUR REGULAR AGENDA TO OUR WORK SESSIONS. THIS EVENING, WE HAVE ONE WHICH IS TO DISCUSS FISCAL YEAR 2027 BUDGET KICK OFF. SO, MR. PARKER,

[01:05:03]

ARE YOU PRESENTING? OKAY, WE WILL TURN IT OVER TO YOU. I WILL ASK, WOULD YOU PREFER US TO ASK QUESTIONS AS WE GO OR WAIT TILL THE END? SORRY. EITHER WAY, IT'S FINE WITH ME.

ALL RIGHT, GENTLEMEN, JUST GET MY ATTENTION. IF YOU BUZZ IN AND I DON'T SEE IT LIT UP, AND WE'LL JUST KIND OF GO THROUGH IT AS A TRUE WORK SESSION. IF YOU HAVE A QUESTION ON THE SLIDE, LET'S TRY TO DO IT THEN SO WE DON'T HAVE TO DO TOO MUCH FLIPPING BACK AND FORTH, BECAUSE THEN I KNOW IT GETS CONFUSING. OH, DON'T FORGET WE'RE FULL SCREEN IS. I CAN NEVER REMEMBER TO USE THEIR.

RIGHT. THANK YOU ALL. WITH YOUR FIRST AND LAST NAME. WAIT FOR IT. THERE WE GO. HEY. MAGIC.

ALL RIGHT. SO MAYOR AND COUNCIL AS AS THE MAYOR SAID, THIS IS OUR KICKOFF MEETING FOR THE FY 2027 BUDGET PROCESS. OBVIOUSLY, WE'RE NOT MAKING ANY DECISIONS TONIGHT. IT'S ABOUT GETTING DIRECTION. AND WE'LL WALK THROUGH TRENDS THAT WE'RE SEEING AS WELL AS SOME HISTORICAL DATA, AND SOLICIT YOUR INPUT SO THAT WE CAN BUILD A BUDGET THAT'S CONSISTENT WITH YOUR PRIORITIES. ON THIS SLIDE HERE. THIS IS FROM FY 25 BUDGET. SO OVERALL REVENUES CAME IN SLIGHTLY ABOVE PROJECTIONS AND EXPENDITURES WERE BELOW BUDGET. THIS REFLECTS A CONSERVATIVE BUDGET PROCESS THAT WE DO ON AN ANNUAL BASIS, AS WELL AS THE DISCIPLINE SPENDING BY DEPARTMENT STAFF. THERE'S A FEW THINGS THAT I'D LIKE TO NOTE ON THIS SLIDE. UP AT THE TOP, YOU'LL SEE UNDER THE VARIANCE COLUMN SALES TAX. BARELY CAME IN WITH WHAT OUR PROJECTED NUMBERS WERE. AND AD VALOREM WAS A LITTLE SHORT. AND THE AD VALOREM COULD BE, I GUESS, 1 OR 2 THINGS. SOMETIMES ALL THE PROTESTS AREN'T FINISHED. BY THE TIME WE GET THE CERTIFIED NUMBERS AS WELL AS THE REST OF THAT NUMBER IS JUST. PEOPLE NOT PAYING THEIR THEIR TAXES.

THERE'S ALSO THE. I KNOW AT TIMES WITH SOME OF THE HIRING COSTS I'VE SEEN, SOME OF THE RENTAL UNITS HAVE TURNED OVER TO HOME OWNERS AND SOLD, WHICH THEN OPENS THAT UP TO THE HOMESTEAD. YES, SIR. WHICH CHANGES THE TAXES ON THE RESIDENTS AS WELL. AND THEN NUMBER TWO THERE UNDER THAT COLUMN, THE OTHER REVENUE. I DO WANT TO NOTE THAT OUR INTEREST WAS SHORT BY ABOUT $416,000, BUT COURT FEES AND SERVICE FEES CAME IN OVER BUDGET. SO THAT'S PART OF THAT. UNDER EXPENDITURES UNDER THE VARIANCE. WE LET'S SEE. THERE WAS ABOUT A MILLION IN CARRYOVERS. SO OVERALL, OUT OF THAT 2.5 MILLION WAS REALLY ONLY ABOUT A MILLION AND A HALF BECAUSE THE OTHERS WERE CARRIED OVER. FOR THIS YEAR. SO ANY QUESTIONS ON THAT SLIDE THERE? NO, SIR. ALRIGHTY. SO OUR REVENUE TRENDS, YOU KNOW, OVER WELL, PRETTY MUCH THE LAST 25 YEARS OR SO, OUR REVENUES HAVE GROWN UP IN SOME CASES RAPIDLY BUT STEADILY.

BUT WE'RE BEGINNING TO SEE THAT TO LEVEL OFF. OBVIOUSLY, Y'ALL KNOW AS WELL AS I DO WE SHOULDN'T BE EXPECTING THE SAME RATE OF GROWTH MOVING FORWARD. SO ON THIS SLIDE HERE, IF

[01:10:04]

YOU'LL SEE THE THE DIFFERENT COLORS AT THE TOP, I'M COLORBLIND. SO I DON'T KNOW WHAT ALL COLORS THOSE ARE. BUT LET'S SAY WITH THE LITTLE GREEN COLOR THERE, WELL, THEY WENT WITH MAROON ON TOP AS THEY SHOULD. YEAH, IT LOOKS, IT LOOKS BLACK TO ME. SO. OUR REVENUES OTHER THAN THE, THE PROPERTY TAX, WHICH IS THE, THE BLUE, THE LARGEST COLUMNS DOWN THERE AND SALES TAX WHICH ARE RED HERE, I'M ASSUMING ABOVE THE BLUE IS THE RED. THEY'RE RELATIVELY SAME EACH YEAR. AND JUST FOR CLARIFICATION, WE TALK ABOUT THE 3.5% CAP THAT THE LEGISLATORS HAVE PLACED ON THAT. SO THE VOTER APPROVAL RATE IS WHAT WE CAN ONLY INCREASE THE M AND O SIDE OF THE BUDGET BY 3.5%, WHICH IS APPROXIMATELY $1 MILLION. LAST YEAR. AND I SHOULD SAY IN PREVIOUS YEARS, WE'VE RECEIVED ABOUT $1 MILLION IN FROM NEW CONSTRUCTION. LAST YEAR, WE DID NOT RECEIVE QUITE THAT AMOUNT FROM NEW CONSTRUCTION. AND THEN WE PUT ON THERE. EACH YEAR YOU'LL SEE THE. FROM A HISTORICAL PERSPECTIVE AND. AND FOR.

REALLY FOR COUNCILMAN PICKENS, BECAUSE HE'S THE NEWEST. YOU CAN SEE WHAT THE, WHAT THE TAX RATE THAT WAS ADOPTED FOR EACH OF THE YEARS SINCE 2021 BEING THE NO NEW REVENUE RATE OR THE, THE VOTER APPROVAL RATE. I WILL ADD THAT IN 2024, THE NO NEW REVENUE RATE PLUS THE $0.03, $0.02 OF THAT WAS FOR DEBT THAT WAS ISSUED AND $0.01 WAS FOR. THAT'S THE YEAR WE STARTED THE EMS PROGRAM OR BROUGHT IT IN-HOUSE. AND JUST TO REMIND THE GENERAL PUBLIC THAT IS THE BOND MONEY THAT'S BEING UTILIZED FOR ROAD CONSTRUCTION FOR THE 2021 BOND. DON'T WONDER WHAT WE MEAN BY DEBT. IF THEY DON'T REMEMBER WHAT IT WAS FOR FROM BACK THEN. THAT'S WHAT IT WAS. ANY QUESTIONS ON THIS SLIDE HERE? OOPS. SORRY EVERYBODY. SALES TAX. WE HAVE SEEN GROWTH AGAIN YEAR OVER YEAR. WE'RE BEGINNING TO SEE A DECLINE IN THAT. AND SALES TAX IS THE MOST VOLATILE AND UNPREDICTABLE REVENUE STREAM THAT WE WE HAVE BASED ON THE TREND THIS COMING YEAR. STAFF'S RECOMMENDATION WOULD BE TO BUDGET PRETTY MORE CONSERVATIVELY THAN IN THE PAST, WITH POTENTIALLY ONLY A 2% INCREASE OVER THIS YEAR.

CURRENTLY. WE ARE, AS YOU'LL SEE ON THE BOTTOM THERE, WE'RE SHOWING A DECREASE OF CLOSE TO 8%. FROM THIS SAME PERIOD LAST YEAR. ALTHOUGH WE'RE COLLECTING MORE SALES TAX DOLLARS, THE PERCENT OF GROWTH YEAR OVER YEAR IS DECLINING. WE PREVIOUS FINANCIAL PLANS THAT WE'VE LOOKED AT WERE WE PROJECTED AN 8% EACH YEAR, 2024 AND 2025 WERE BELOW 8%. SO THAT'S WHY WE'RE WE'RE RECOMMENDING. AND THEN WITH THE DECREASE OF CLOSE TO A PERCENT, WE'RE RECOMMENDING A PRETTY CONSERVATIVE INCREASE THIS NEXT YEAR. SO THESE NEXT COUPLE OF SLIDES ARE JUST OUR EXPENDITURE SUMMARY FROM FROM FY 2025. YOU KNOW, ALL THE DIRECTORS AND STAFF ARE ARE MANAGING THEIR BUDGETS VERY WELL. BUT COST AS YOU ALL KNOW, CONTINUE TO RISE DUE TO INFLATION, MARKET COMPETITION, COMPENSATION FOR EMPLOYEES FOR US TO REMAIN, OUR COMPETITIVENESS. WE HAVE NEVER REALLY BUDGETED FOR FULL INFLATION IN RECENT YEARS, WHICH HAS ADDED PRESSURE TO OUR BUDGET AS WELL. AND OF COURSE, ALL THESE COSTS WITH OUR 70 SOME PERCENT OF OUR BUDGET IS PERSONNEL. SO THOSE ARE, YOU KNOW, ONGOING COSTS. AFTER REMOVING CARRYFORWARDS FROM THE FY 24, WHICH I MENTIONED THIS A MINUTE AGO, THE MILLION AND A HALF, THE FY 24 UNSPENT FUNDS WAS APPROXIMATELY 2% OF THE OVERALL BUDGET, WHICH IN A

[01:15:05]

BUDGET, OUR SIZE 2% IS PRETTY, PRETTY DAMN GOOD IN MY OPINION. SO. LET'S SEE HERE. SO ON THIS SLIDE HERE, JUST FOR REFERENCE, IN 2024, YOU'LL SEE IN THE BLUE AREA THERE. THAT'S WHEN WE DID THE BIG MID-YEAR PUBLIC SAFETY ADJUSTMENTS. AND THEN IN 2025, SINCE WE DID IT MID-YEAR, WE HAD TO DOUBLE IT FOR THE FULL CALENDAR YEAR FOR 2025. AND THEN IN. WE ALSO DID IN 2025, A MID-YEAR, WHICH EQUALED ABOUT ANOTHER 500,000. AND THEN WE HAD TO DOUBLE THAT FOR FY 26.

SO ANY QUESTIONS ON THESE TWO SLIDES HERE? ALL RIGHTY. DOESN'T APPEAR SO. OUR FUND BALANCE AND WE TALK A LOT ABOUT FUND BALANCE. I KNOW YOU ALL ARE ARE. I WON'T SAY EAGER BUT YOU ALL LIKE TO KEEP YOUR OUR FUND BALANCE AROUND 3,035% BECAUSE THAT DOES HELP OUR BOND RATING. AND WE'VE DONE THAT FOR YEARS. OUR POLICY IS ONLY 25%. WE HAVE BEEN INTENTIONALLY, OVER THE YEARS, SPENDING THIS DOWN OVER THE LAST 4 OR 5 YEARS, BUT OBVIOUSLY THAT'S NOT A A GOOD PLANNING MODEL FOR LONG TERM SOLUTIONS. AND JUST SOME THINGS TO NOTE HERE. AND A LOT OF THE RESERVE YOU'LL SEE THERE IN FY 2021, WE WERE AT ABOUT 71%. AND A LOT OF THAT IS BECAUSE WE GOT THE INFLUX OF THE COVID CARES ARPA THAT WHATEVER MONEY IS. SO WE WE'VE INTENTIONALLY SPENT DOWN. AND YOU CAN SEE THERE ON THE, THE RIGHT HAND SIDE THERE, WHAT WE'VE USED THAT MONEY FOR. AND, AND I'LL JUST QUICKLY GO THROUGH SOME OF THOSE WE'VE BOUGHT. FIRE APPARATUS, WE'VE DONE HEART MONITORS, WE'VE PURCHASED THE RIGHT OF WAY FROM THE RAILROAD. WE'VE DONE THE STONE ROAD CONSTRUCTION PROJECT WAS A BIG ONE, ABOUT $6 MILLION.

AND I THINK WE USED SOME, EVEN THOUGH IT'S NOT GENERAL BUDGET, SOME OF THAT ARPA OR ONE OF THOSE FUNDS, WE USED FUNDING WHEN IT CAME IN TO COVER THE DIFFERENCE ON 544 FROM THE ORIGINAL BOND. SO THERE'S A LOT OF THAT. THAT'S THAT'S THE. SO THAT'S WHY IT LOOKS LIKE IT'S DRASTICALLY DROPPED IS BECAUSE. BUT WE'VE HAD A LOT OF BIG EXPENDITURES. BUT ALL THAT'S BEEN INTENTIONAL TO, TO. THROUGH SOME OF THAT. ANY QUESTIONS ON THAT? I HAVE A QUICK QUESTION. YES. THE UNSPENT OR CARRIED FORWARD ARE THEY, I GUESS, ASSIGNED TO A SPECIFIC. IF IT'S CARRIED FORWARD TO THE NEXT YEAR, THERE IS STILL ASSIGNED TO THOSE SAME DEPARTMENTS, OR DO THEY GO TO GENERAL FUND AND THEN THEY GET DISTRIBUTED? NO, THEY'RE JUST CARRIED FORWARD IN THAT SAME DEPARTMENT. OKAY. SO IF IT'S A I UNDERSTAND PUBLIC SAFETY IS PUBLIC SAFETY. YEAH, WHATEVER. YEAH. SO OBVIOUSLY WE WANT TO CONTINUE OUR STRONG FINANCIAL CONDITION AS A CITY. SO TO DO THAT, ARE THESE FIVE REALLY MAIN PRIORITIES MAINTAIN CONSISTENT REVENUE GROWTH, RESPONSIBLE EXPENDITURE, HEALTHY RESERVES, WHICH TIES INTO MAINTAINING HIGH BOND RATINGS AND THEN STRATEGIC LONG TERM PLANNING. AND OBVIOUSLY WE'RE ENTERING. A TIME THAT WE'RE MORE PRESSURE IS BEING PLACED ON ON Y'ALL, US, JUST THE CITY IN GENERAL BECAUSE GROWTH IS SLOWING AND COST CONTINUES TO, TO INCREASE. SO

[01:20:03]

PRIORITIZATION OBVIOUSLY COMES BECOMES MORE IMPORTANT THAN EVER BEFORE. SO THAT'S ONE OF OUR, OUR MAIN FOCUSES. SO AND WE'VE DISCUSSED, YOU KNOW, Y'ALL'S PRIORITIES AND MOVING FORWARD AND WHAT THAT LOOKS LIKE. SO OVER THE NEXT FIVE YEARS, OUR, YOU KNOW, OUR FINANCIAL OUTLOOK, THERE'S SOME, SOME RESIDENTIAL GROWTH, ALTHOUGH THAT'S NOT GOING TO BE VERY SIGNIFICANT. WE HAVE SOME COMMERCIAL GROWTH THAT CAN HAPPEN. AND OBVIOUSLY REDEVELOPMENT IS IS GOING TO BE COMING ALONG THE LINES HERE. AND YOU KNOW, WE'RE ALREADY SEEING SOME OF THAT. BUT BUT OUR GROWTH OF NEW CONSTRUCTION IS SLOWLY COMING TO AN END, WHICH, YOU KNOW, OBVIOUSLY WE WANT TO, AS YOU ALL HAVE STATED, YOU KNOW, WE WANT TO BE SELECTIVE IN OUR COMMERCIAL TAX BASE TO GET THE BEST OPPORTUNITY FOR THE CITY, WHICH, YOU KNOW, I THINK TO THE MAYOR PRO TEM POINT EARLIER IS, IS KIND OF BEING LASER FOCUSED ON, ON BRINGING QUALITY DEVELOPMENTS THAT WILL PROVIDE THE BIGGEST BANG FOR OUR BUCK, WHICH IS THE THIRD POINT THERE. STRATEGIC ECONOMIC DEVELOPMENT. AND AGAIN, THE CHALLENGES ARE INFLATIONARY PRESSURES, PERSONNEL MARKET COMPETITION, INFRASTRUCTURE DEMANDS, PROPERTY TAX LEGISLATION, CONSTRAINTS, WHICH WE'LL DISCUSS HERE IN A LITTLE BIT, DECLINING GROWTH IN SALES TAX. AND THEN JUST THE FUNDING OF EQUIPMENT AND VEHICLE PURCHASES.

SO HERE. WE'LL BE ISSUING ABOUT $14 MILLION THIS YEAR HERE COMING PRETTY SOON FROM THE 2021 BOND PROGRAM. WHICH WILL NEED TO BE A FACTOR IN THE TAX RATE AS WE MOVE THROUGH THE BUDGET PROCESS. PLUS THESE CURRENT EXPENSES, HEALTH INSURANCE INCREASE, THE 3% AVERAGE MERIT INCREASE AND THE STEP INCREASE FOR PUBLIC SAFETY. SO I'D KIND OF LIKE TO STOP HERE AND JUST HEAR Y'ALL'S FEEDBACK. IF THERE'S ANY PROGRAMS OR ITEMS IN THE BUDGET THAT YOU WANT TO EXPAND, SHRINK MY DIRECTION TO STAFF AT THIS POINT IS TO DEVELOP A. I'LL SAY, A FLAT BUDGET, BUT OBVIOUSLY THAT INCREASES BECAUSE OF INFLATION. BUT OUTSIDE OF THESE THREE PRIORITIES HERE. THERE'S NOT. MUCH ROOM FOR EXPANSION. SO FROM A PERSONAL STANDPOINT, WE'RE PROBABLY LOOKING AT ADDING SRO FOR THE NEW SCHOOLS AND A COUPLE OF CROSSING GUARDS.

BUT OUTSIDE OF THAT, PROBABLY NOT MUCH, YOU KNOW, REQUEST FOR PERSONNEL. WE'LL LOOK AT SOME EQUIPMENT REPLACEMENTS. I'D LIKE TO HEAR YOUR FEEDBACK ON THE. WE DID THE PEFKOS LAST YEAR FOR EQUIPMENT THAT SHOULD LAST A MINIMUM OF TEN YEARS OR LONGER, IF THAT'S SOMETHING Y'ALL ARE INTERESTED IN. JUST FOR REFERENCE, WE. ISSUED ABOUT 7 MILLION IN THE PEFKOS, WHICH EQUATED TO 0.0071 INCREASE IN THE TAX RATE. SO I'LL JUST KIND OF. AND BEFORE I FORGET, I SPOKE WITH COUNCILMAN STRANG YESTERDAY AND HE ASKED QUESTIONS REGARDING HEALTH INSURANCE. THE PRELIMINARY NUMBERS THAT WE'RE AT RIGHT NOW, LET ME PULL THIS THING UP REAL QUICK SO I DON'T I DON'T MISSPEAK. SO OUR INITIAL PROJECTIONS IS COMING IN SOMEWHERE BETWEEN 30 AND 35% INCREASE. OUR WHICH IF YOU'RE OUTSIDE OF I DON'T KNOW IF THIS WOULD MEAN ANYTHING TO Y'ALL OR NOT, BUT OUR LOSS RATIO BASED ON GROSS CLAIMS, WE'RE

[01:25:01]

CURRENTLY AT 115%. SO OBVIOUSLY AN INSURANCE CARRIER DOESN'T WANT YOU TO BE AT 100%, MUCH LESS 115%. SO THAT'S WHERE PART OF THAT COMES IN. YOU'D ALSO ASK THE QUESTION ABOUT. WHAT THEY'RE SEEING IN THE, IN THE INDUSTRY IN GENERAL. BLUE CROSS, BLUE SHIELD AND UNITED HEALTHCARE HAVE BEEN THE HIGHEST WHEN THEY'RE AVERAGING AROUND 30% INCREASES AND CIGNA'S NOT QUITE AS HIGH. IT'S COMING IN IN THE MID 20S. SO. THERE'S YOUR ANSWER TO DON'T KNOW THAT THAT'S WHAT YOU WANT TO HEAR. BUT THERE'S YOUR ANSWER THAT WE'VE BEEN GIVEN.

OBVIOUSLY WE WILL NOT BE SATISFIED WITH THAT RATE INCREASE. AND WE'LL LOOK AT ALL OPTIONS THAT ARE OUT THERE. STICK LADY ON THEM AND SHE'LL BEAT THEM DOWN INTO. I'D SAY, AN AGREEABLE INCREASE, BUT I DON'T KNOW. ANY INCREASE IS AGREEABLE, BUT WE'LL, WE'LL DO BETTER. SO. SO ANYWAY, I'D LIKE TO HEAR FROM YOU ALL. IF ANY OF YOU HAVE COMMENTS ON ANYTHING AS WE CONTINUE TO PUT THIS BUDGET TOGETHER. OKAY. COUNCILMAN STRING. WELL, THANKS.

THANK YOU, MISTER PARKER, FOR GRABBING THE INFO SO I DIDN'T HAVE TO ASK THE QUESTION. IT COMES IN QUITE A BIT HIGHER THAN I WAS EXPECTING. YOU. ME BOTH? YEAH. I MEAN, IT'S IT'S INFORMATION I WANT TO HEAR. I AGREE, IT'S NOT EXACTLY THE DETAIL. I DON'T KNOW, IT'S. I HAVE SOME THINGS I WANT THEM TO HEAR, BUT I'M NOT GOING TO SAY THAT FROM THE DAIS. BUT I DO HAVE SOME STRONG THOUGHTS ABOUT THIS AND I DO I DO TRUST THAT THE CITY WILL DO EVERYTHING IT CAN TO TRY AND GET US THE BEST RATE IT POSSIBLY CAN UNDER THE CIRCUMSTANCES. BUT. OBVIOUSLY THIS IS NOT A TENABLE THING FOR THE HEALTH INSURANCE INDUSTRY AND THIS FREAKING NATION TO CONTINUE TO DO YEAR OVER YEAR INCREASES LIKE THIS, UNLESS THEY WANT TO LIKE KILL OFF THEIR CONSUMER BASE. AND I WOULDN'T MIND SEEING THE WHOLE THING BURN DOWN AND START OVER FROM SCRATCH. SO AGAIN, THANK YOU FOR YOUR INFORMATION. I THINK I'LL LEAVE IT THERE.

THANK YOU. SO I KNOW YOU AND I HAVE VISITED MR. PARKER. YES, I APPRECIATE I KNOW YOU AND YOUR TEAM ARE WORKING AT LOOKING AT SOME DIFFERENT OPPORTUNITIES WITHIN THE BUDGET ON DIFFERENT THINGS. AND I KNOW THAT TONIGHT WE'RE NOT GETTING INTO THAT LEVEL OF DETAIL, BUT I APPRECIATE THE WORK THAT I KNOW IS GOING ON. I KNOW YOU'LL HAVE UPDATES FOR COUNCIL IN THE FUTURE ON SOME OF THOSE, BUT LOOKING AT IT FROM THE 30,000 FOOT VIEW, WHICH IS WHAT WE'RE DOING THIS EVENING, I THINK YOU HAVE THE RIGHT GENERAL DIRECTION. I THINK WHEN WE GET INTO A POSITION LIKE THIS WHERE REVENUE IS STAGNATING, NOW I KNOW WE'RE GOING TO WORK WITH JASON, WITH YOU ALL AND EVERYONE ELSE TO DO EVERYTHING WE CAN TO BRING SOME GOOD DEVELOPMENTS. AND THEY'RE COMING. IT DOESN'T HELP THE NEXT BUDGET. THEY WILL NOT BE HERE IN PLACE FOR THE NEXT BUDGET. SO I THINK STEP ONE THAT YOU HAVE TO DO IS WHAT YOU ARE DOING. YOU HAVE TO TAKE CARE OF WHAT YOU HAVE WITHOUT ADDING NEW COMMITMENTS TO IT, BECAUSE OBVIOUSLY IT DOESN'T HELP TO GO OUT AND ADD A BUNCH OF NEW COMMITMENTS. AND WHEN YOU CAN'T, WHEN YOU'RE HAVING TROUBLE COVERING WHAT YOU HAVE, EVEN IF YOU CAN DO IT FOR A YEAR, YOU'RE SETTING YOURSELF UP FOR FAILURE IN 2 OR 3 YEARS. I KNOW IT'S THE NEXT SLIDE, BUT OBVIOUSLY THINGS MAY CHANGE IN THE FUTURE EVEN MORE SO. I THINK FROM MY PERSPECTIVE, I THINK WHAT YOU HAVE HERE, OBVIOUSLY, YOU KNOW, YES, WE WANT TO MAKE SURE WE PARTNER ON THE SROS, THE CROSSING GUARDS. WE WANT TO ENSURE WITH NEW SCHOOLS THAT THE CHILDREN ARE SAFE, GETTING TO SCHOOL AT SCHOOL. THAT'S SOMETHING THAT WE'RE COMMITTED TO. THANKFULLY, IT'S NOT A HUGE EXPENSE. I KNOW IT'S NOT FREE. I'M NOT SAYING THAT, BUT IT'S NOT IT'S NOT A HUGE EXPENSE. WE'LL HAVE THAT. AND I THINK WHAT YOU HAVE LAID OUT IS, YOU KNOW, WE NEED TO TO WORK TO DO WHAT WE CAN TO PROVIDE WHAT WE CAN FOR THOSE THAT ARE ALREADY IN PLACE. I'M OPEN TO DIFFERENT OPTIONS ON LOOKING AT HOW WE FUND THE EQUIPMENT THAT THAT COMES THROUGH RECOMMENDED. YOU KNOW, I THINK THAT'S GOING TO BE JUST LOOKING AT WHAT ACTUALLY MAKES THE CUT. AND DOES IT MAKE SENSE? OBVIOUSLY, I DON'T WANT TO ISSUE DEBT FOR SOMETHING THAT WE WOULD WANT TO REPLACE IN FOUR YEARS, BECAUSE THEN YOU'RE PAYING FOR IT FOR SIX YEARS BEYOND WHEN YOU'RE USING IT. AND BUT WE'RE JUST GOING TO KIND OF HAVE TO EXPLORE THAT AS IT COMES. ONCE WE HAVE AN UNDERSTANDING OF WHAT IS THE, WHAT ARE THE COSTS ON THESE THINGS THAT ARE IN FRONT OF US, THE HEALTH INSURANCE, THE MERIT, THE STEP INCREASE. AND I THINK THOSE ARE REASONABLE LEVELS. I MEAN, STEP INCREASES, WHAT WE'VE TALKED ABOUT FOR WITH OUR PUBLIC SAFETY, I THINK A 3% AVERAGE MERIT. NOW AGAIN, THAT DOESN'T GUARANTEE OBVIOUSLY, IF A POOR, POOR PERFORMER MAY GET I DON'T KNOW WHAT THE RULES IN THE CITY ARE, MAY NOT GET THAT

[01:30:05]

HIGH PERFORMER MAY GET MORE AND IT BALANCES OUT. AND THAT'S THE AVERAGE, YOU KNOW, OVERALL SPEND, SO TO SPEAK. OUR PEOPLE FACE INFLATION. AND TO YOUR POINT, GOOD PEOPLE HAVE MARKET COMPETITION. AND IF WE WANT TO KEEP PEOPLE HERE AGAIN, I DON'T THINK WE CAN MAKE ANY LARGE CHANGES. YOU KNOW, I'D LOVE TO, BUT I JUST DON'T THINK WE HAVE THAT REVENUE GROWTH. I KNOW WE'RE NOT THE ONLY CITY HITTING THIS WALL, BUT I DO THINK BEFORE WE TRY TO ADD TO ANY PROGRAMS OR ANY MAJOR CHANGES LIKE THAT AS FAR AS SPENDING, I THINK YOU TAKE CARE OF WHAT YOU HAVE FIRST AND THEN IF YOU HAVE THAT LEEWAY IN THE FUTURE, IF WE GET THAT TARGETED GROWTH, LIKE YOU AND THE MAYOR PRO TEM AND I THINK EVERYONE UP HERE WANTS, THEN WE CAN TALK ABOUT ONCE YOU HAVE THE MONEY, THEN YOU CAN TALK ABOUT WHAT YOU COULD DO WITH IT, RATHER THAN PUTTING THE CART BEFORE THE HORSE RIGHT NOW. SO I, I AGREE WITH THAT APPROACH. AND SO FROM THAT STANDPOINT, I THINK THE FIRST STEP WOULD BE LEARNING FROM YOU ALL WHERE THAT PLACES US AND, AND JUST FINDING THAT OUT. SO AND JUST TO ADD, I MEAN, WE'RE LOOKING AT, AT EVERYTHING FROM RETAINING VEHICLES LONGER. HARDWARE, LONGER, WHETHER A TECHNOLOGY, HARDWARE LONGER, YOU KNOW, EVERYTHING IS GOING TO BE LOOKED AT TO, TO SEE WHAT THOSE OPTIONS ARE TO, TO FIND PLACES WHERE WE CAN SAVE MONEY WHERE POSSIBLE. AND YOU'D MENTIONED THE 3% AND THE, THE, THE STEP MERIT, THE AVERAGE 3% MERIT IS ROUGHLY 340,000 AND A STEP IS 275,000, WHICH I'LL PUT ALL THOSE NUMBERS ON A SLIDE AS WE GET DEEPER INTO THE BUDGET. BUT JUST FOR REFERENCE THERE.

AND THEN THE 14 MILLION. DEBT FOR THE ROADWAYS FROM THE 2021 BOND, THAT WILL INCREASE THE INS SIDE OF THE TAX RATE BY 0.014 $0.02. SO ABOUT ONE AND A HALF CENTS ASSUMING THE CURRENT VALUES. YES, SIR. OKAY. WELL, AGAIN, AND AND I ALWAYS DO. I THINK IT'S IMPORTANT TO REMEMBER THAT. BUT I THAT WAS SOMETHING THAT THE CITIZENS PUT FORWARD. AND WE HAVE STARTED WHILE WE'RE FINISHING UP, THANKFULLY CONSTRUCTION ON THOSE PROJECTS. SO WE DO HAVE TO PAY THAT OUT, BUT IT IS GOOD TO HAVE THAT IN THERE. YES. COUNCILMAN WILLIAMS HAS BEEN VERY PATIENT WHILE I TALKED. SO COUNCILMAN WILLIAMS, PLEASE GO AHEAD. THANK YOU MAYOR. I DIDN'T WANT TO SKIP OVER THE QUESTIONS YOU ASKED AND JUST MAKE SURE THAT AS I TAKE AND PROCESS THEM AND COME BACK TO YOU, THAT I UNDERSTAND WHAT YOU'RE ASKING. THE 6 TO 7 MILLION IN LONG TERM, YOU KNOW, CAPITAL PURCHASES THAT WE APPROVED LAST YEAR. IS THAT WHAT YOUR YOUR QUESTION IS, OR AM I MISSING OR ARE WE TALKING ABOUT FOR THIS NEXT BUDGET YEAR? YEAH, I THINK HE'S ASKING IF THAT'S SOMETHING COUNCIL WANTS TO STILL CAN HAVE AS AN OPTION BROUGHT TO US MOVING FORWARD FOR ADDITIONAL THINGS. YEAH, I WAS JUST MENTIONING THAT LAST YEAR WE DID ABOUT 7 MILLION IN PEFKOS FOR EQUIPMENT AND THINGS THAT LAST LONGER THAN TEN YEARS.

IF THAT WAS AN OPTION, TO LOOK AT DOING THAT MORE. CORRECT. OKAY, OKAY. I JUST MAKING SURE YOU WEREN'T ASKING, DO WE OR DO WE WANT TO REVISIT WHAT WE DID? I WAS JUST CLARIFYING. OH, NO, THAT SHIP SAILED. WE ALREADY ISSUED THE DEBT. WE PROBABLY ALREADY ORDERED THE STUFF BY NOW. I WAS JUST MAKING SURE. IT'S OKAY. I UNDERSTAND. BEYOND THAT, I JUST WANTED TO HIGHLIGHT FOR THOSE THAT ARE LISTENING, ESPECIALLY BECAUSE WE HAD A TAX INCREASE RECENTLY TIED TO BRINGING THE EMS IN HOUSE, THAT WHEN YOU LOOK AT OUR OTHER EXPENDITURES AND YOU LOOK AT THE PERCENTAGE OF THE FUNDS OF THAT THAT ARE EMS BASED, IT'S A SUBSTANTIAL AMOUNT COMPARED TO, YOU KNOW, THE THE OTHER OTHER EXPENDITURES, RATHER THAN GETTING INTO THE WEEDS ON IT. I JUST WANTED TO BASICALLY LET OUR TAXPAYERS KNOW THAT THERE IS A RETURN ON THAT INVESTMENT AND THAT THE EMS DOES SEEM LIKE IT IS PRODUCING WELL, NOT ONLY TO TAKE CARE OF OUR CITIZENS, BUT ALSO TO FUND A LOT OF THAT INVESTMENT THAT THE TAXPAYERS PUT INTO THAT INFRASTRUCTURE. THANK YOU FOR THAT. THANK YOU SIR. MAYOR PRO TEM SO, MAYOR, I HAVE TO I HAVE TO LEAVE. I HAVE ANOTHER COMMITMENT TO GO. SO BUT I WANTED TO HIGHLIGHT A COUPLE OF THINGS LIKE COUNCILWOMAN WILLIAMS MENTIONED, AND YOU MENTIONED I'VE BEEN HERE THREE YEARS. AND AS YOU CAN SEE, THE SLIDES HERE BEFORE THIS BODY, THE BODY BEFORE I JOINED ADOPTED NO NEW REVENUE RATE OR LESS THAN NO NEW REVENUE RATE FOR YEARS. AND FOR YEARS THAT CAME IN. AND THOSE WERE THE GOOD OLD DAYS WHERE WE GOT ALL THESE DEVELOPMENT AND THE MONEY WAS FLOWING IN. AND NOW IT'S THE TOUGH TIMES THAT WE ALL HAVE TO MAKE HARD

[01:35:04]

DECISIONS. I KNOW OUR CITIZENS AND US. WE GOT HIT BY ADS ON TV, AND ANYTIME WE OPEN OUR PHONE OR OUR COMPUTERS OR ANYTHING THAT WE DID A TAX INCREASE AS A BODY IN THE LAST COUPLE OF YEARS. AND BOTH TIMES WHEN WE DID A TAX INCREASE, ONE WE DID TO BRING EMS SERVICES. YOU TALKED TODAY ON EARLY WHEN YOU TALKED ON YOUR STATE OF THE CITY, TALKED ABOUT THE ANSWERING OF A PHONE CALL BY OUR DISPATCH, 2.54 SECONDS. AND YOU TALKED ABOUT HOW LONG IT TOOK FOR EMS AND POLICE UNDER FIVE MINUTES. AND SO, SORRY, I WANT TO WANT TO GIVE A SHOUT OUT TO THEM IN THE BACK AND NOT ONLY GIVE A SHOUT OUT, BUT I ALSO WANT I WILL NOT COMPROMISE.

A MILLISECOND CAN SAVE SOMEBODY'S LIFE, AS YOU MENTIONED, WITH CARDIAC ARREST.

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

THANK YOU. BEFORE YOU LEAVE AND TURN OFF THE MIC THERE TO MAKE SURE ARE YOU ARE YOU GOOD WITH THE GENERAL DIRECTION THAT HE HAS LISTED ON THIS SLIDE AND THAT WE'VE DISCUSSED? YES. I JUST WANT TO MAKE SURE CLEARLY HAVE IT STATED FROM YOU. ALL RIGHT. APPRECIATE YOU COMING ON.

YOU HAVE TO RUN. I CAN'T TAKE IT BACK NOW. THANK YOU SIR. SO WITH THAT, MR. PICKETT OR COUNCILMAN PERKINS. THANK YOU MAYOR. I APPRECIATE WHAT YOU'VE PRESENTED SO FAR, BRANT. AND I WANT TO MIRROR WHAT THE MAYOR JUST SAID. I AGREE WITH WHAT HE SAID, AND I AGREE WITH WHAT YOU'RE PRESENTING. AND I THINK THAT THE PRIORITIES THAT YOU HAVE SHOWN ON THE SLIDE ARE SPOT ON. WHAT IS HAPPENING WITH HEALTH INSURANCE AND QUITE FRANKLY, IS ALARMING. ONE OF THE THINGS THAT I DO PERSONALLY WITH MY EMPLOYMENT IS I, I LOOK AT THE TOTAL COMPENSATION PACKAGE THAT THE COMPANY GIVES TO ME, AND HEALTH INSURANCE IS A MAJOR PORTION OF THAT. AND THE HEALTH INSURANCE PREMIUM THAT MY FAMILY ENJOYS WENT FROM THE HIGH 20S TO THE HIGH 30S JUST IN THE LAST YEAR, AND IT HAS STEPPED UP IN A LARGE AMOUNT OVER THE LAST TWO YEARS.

AND AS I MENTIONED, IT'S ALARMING TO ME TO THINK WHAT IT'S GOING TO DO NEXT YEAR. SO I AGREE WHOLEHEARTEDLY WITH THE THREE BULLET ITEMS THAT YOU PUT UP HERE. AND I THINK IT INDICATES TO ALL OF US THAT ARE LOOKING AT THIS THAT WE NEED TO BE PREPARED FOR WHAT'S ABOUT TO COME AND BE PREPARED TO TIGHTEN OUR BELT STRICTLY TO TO WEATHER THE STORM. I DON'T THINK IT'S SUSTAINABLE. AT SOME POINT SOMETHING'S GOING TO HAVE TO GIVE, BUT WE'RE GOING TO HAVE TO WEATHER THAT STORM. SO I APPRECIATE THE FORWARD LOOKING THAT YOU'RE DOING RIGHT NOW TOWARDS THAT GOAL, AND I LOOK FORWARD TO WORKING WITH YOU AND THE REST OF THE BUDGET. OKAY, SO I'VE HEARD FROM THREE OF YOU. I BELIEVE WE'VE HAD SOME COMMENTS. I DON'T KNOW IF YOU WANTED TO WEIGH IN ANY FURTHER. COUNCILMAN WILLIAMS, COUNCILMAN HOOVER, ARE YOU GOOD WITH THE GENERAL DIRECTION THAT'S BEEN DISCUSSED THIS EVENING, OR HAVE ANYTHING ELSE YOU'D LIKE TO ADD?

[01:40:01]

I AM GOOD WITH THE GENERAL DIRECTION THAT THEY'VE GONE. STAFF IS, IN MY OPINION, ALWAYS TRYING TO BRING US THE BEST BREAKDOWN THAT THEY CAN AND I APPRECIATE IT. YES, I AGREE WITH THE GENERAL DIRECTION. OKAY, I'LL PUT THE SAME QUESTION TO COUNCILMAN DUKE. I AGREE WITH THE WITH THE DIRECTION. THANK YOU. AND COUNCILMAN STRING. YEAH, I REALIZED I WAS REMISS IN MENTIONING THAT AFTER I GOT FLOORED BY. IT'S LIKE GETTING A ROOT CANAL. OKAY. SO YEAH, NO, I THINK THESE ARE GREAT AND I'M FULLY SUPPORTIVE OF YOUR EFFORTS. AND I'D LIKE TO ECHO COUNCILMAN PICKENS IN THAT. YEAH, I DO THINK IT IT IS GOING TO BE IT COULD BE ROUGH, BUT I HAVE FAITH THAT YOU GUYS WILL BE ABLE TO TRY AND WEATHER THE STORM AS BEST WE CAN. DEFINITELY SOME TOUGH DECISIONS GOING TO HAVE TO BE MADE I THINK COMING. SO YEAH, THAT'S WHY I DON'T DO MANAGEMENT ANYMORE. AND I'LL JUST SAY THAT I WILL KEEP MY MOUTH CLOSED BECAUSE I HAVE A LOT OF OPINIONS AS WELL AS, YOU KNOW, WHAT INDUSTRY I'M IN ON THE, ON THE PROVIDING HEALTHCARE SIDE OF THINGS. AND I KNOW WHAT WE GO THROUGH DEALING WITH THE SAME COMPANIES. AND YEAH, I'M JUST GOING TO LEAVE THAT THERE.

I DON'T WANT TO GET MYSELF IN ANY TROUBLE. SO BUT HOPEFULLY THAT HELPS GIVE YOU GUYS KIND OF THE DIRECTION. I KNOW WE'LL GET INTO A LOT MORE DETAIL MOVING FORWARD. I KNOW, LIKE YOU SAID, YOUR TEAM IS LOOKING AT SOME DIFFERENT OPTIONS, LOOKING AT SOME DIFFERENT THINGS. SOME MIGHT AFFECT THIS YEAR, SOME MIGHT BE FUTURE YEARS, BUT JUST KIND OF REEXAMINING A LOT OF THOSE AREAS. LOOK FORWARD TO LEARNING MORE, BUT HOPEFULLY THAT GIVES YOU ALL THE DIRECTION THAT YOU NEED TO BE ABLE TO PROGRESS FORWARD. YES, SIR. OKAY. THIS NEXT SLIDE I. I DON'T REALLY KNOW WHAT TO SAY. I THINK IT'S JUST A GOOD THING FOR EVERYONE TO BE AWARE. I THINK IT IS. AND UNFORTUNATELY, OUR LEGISLATORS HAVE TIED OUR HANDS AND THOSE KNOTS ARE GETTING TIGHTER. I'M NOT GOING TO BRING IN WHICH SIDE OF THE AISLE ANYBODY'S ON.

I DON'T THINK THAT THAT PLAYS A ROLE IN LOCAL GOVERNMENT, BECAUSE WE'RE HERE TO SERVE EVERYBODY. IT DOESN'T MATTER IF YOU'RE A REPUBLICAN OR DEMOCRAT OR OR WHAT YOUR BELIEFS OR THOUGHTS ARE ON, ON ANYTHING. WE'RE HERE TO, TO SERVE OUR CITIZENS. AND THESE FIVE TOP PROPOSALS BY THE GOVERNOR, YOU KNOW, THERE'S SOME THAT AREN'T TERRIBLE. I THINK, YOU KNOW THAT SOME OF THOSE I MEAN, IF YOU LOOK AT INFLATION OR 3.5%, THAT'S PRETTY SIMILAR TO WHERE WE ARE. IF YOU SEE THE RATE OF INFLATION. BUT I UNDERSTAND THE CONCERN ABOUT. IT'S JUST I'D LIKE TO SEE THEM PROPOSE SOME REPLACEMENT FOR LOCAL REVENUE AS PART OF THE PACKAGE. YEAH.

AND IT'S JUST A CONCERN MOVING FORWARD. I DO FEEL LIKE SOMETHING WILL HAPPEN. IT'S NO DIFFERENT THAN THE CURRENT 3.5% CAP. IT TOOK A COUPLE OF LEGISLATIVE CYCLES TO TO TO GET TO GET THERE. AND THE GOVERNOR STARTED THIS LAST YEAR. AND SO I'M OBVIOUSLY HE'S PICKING UP WHERE HE LEFT OFF. SO I DO FEEL LIKE IF NOT THIS YEAR, THEN SOMETHING WILL COME OUT OF THE THE 29 LEGISLATIVE SESSION. SO THIS IS REALLY JUST MORE INFORMATIONAL ON HOW IT COULD IMPACT US LOCAL GOVERNMENTS IN GENERAL, NOT JUST WILEY, BUT LOCAL GOVERNMENTS IN GENERAL.

AS WE MOVE FORWARD. WITH WITH BUDGETING AND, AND HOW CITIES OPERATE. AND LIKE I SAID, NO ONE HERE LIKES PAYING PROPERTY TAXES IS THE WAY TO SUPPORT IT. THAT'S WHY, AGAIN, I WILL I WILL STATE ON THE RECORD THAT I HOPE THAT THE STATE LEGISLATURE, THE GOVERNOR AND LIEUTENANT GOVERNOR DO LOOK AT GETTING OTHER OPTIONS, BUT THAT MEANS THEY HAVE TO FIND WAYS, WHETHER IT'S THE ISDS, WHETHER IT'S CITIES AND COUNTIES FINDING OTHER STREAMS OF REVENUE BECAUSE THEY HAVE SOME THAT COME INTO THE STATE IF THEY WANT TO REPLACE THOSE PROPERTY TAXES, I'D LOVE TO SEE THEM GIVE US A LARGER PERCENTAGE OF THAT SALES TAX BACK WITH THEIR EXCESS MONEY. THAT WOULD ALLOW US TO SHIFT THAT BURDEN TO OFF OF PROPERTY TAX AND INTO A DIFFERENT AREA. SO I'M JUST SAYING THAT NONE OF US LIKE SEEING IT COME THROUGH THERE.

I'D LOVE TO SEE SOME OTHER SOLUTIONS COME UP. WE'LL WATCH, BUT I JUST WANT TO LET PEOPLE KNOW THAT WE'RE NOT SAYING THAT WE WANT PROPERTY TAXES, BUT THEY WE WANT THEM TO MAKE SURE THAT PAYING FOR ROADS, PAYING FOR SEWER AND WATER, PAYING FOR POLICE, FIRE, EMS AND PARKS AND EVERYTHING IN BETWEEN DOESN'T COME OUT OF THE STATE BUDGET. SO HOPEFULLY THEY WILL WORK WITH DEVELOPING A PLAN FOR OFFSETTING OR REPLACING THAT REVENUE, SIMILAR TO WHAT WE'RE SEEING IN SOME OF THE OTHER STATES. WE'LL MOVE ON FROM THAT SLIDE. YEAH, I'M GOING TO GET ON THE SOAPBOX AND GET IN TROUBLE. SO WE'LL SHIFT GEARS HERE A LITTLE BIT. WE'VE WE'VE

[01:45:02]

DISCUSSED BRIEFLY, PERIODICALLY OVER THE LAST SEVERAL MONTHS ABOUT A BOND. AND I JUST WANTED TO BRING THIS FORWARD AS AND YOU MENTIONED IT TODAY IN YOUR STATE OF THE CITY ADDRESS.

EXCUSE ME. WITH THE LEGISLATION, THE PRIORITIES THERE THAT THE GOVERNOR HAS, DOING BONDS IN FUTURE YEARS COULD BE MORE CHALLENGING. SO I FEEL LIKE IF THE COUNCIL HAS AN APPETITE TO DO A BOND, WE SHOULD PROBABLY FOCUS ON DOING ONE EITHER IN NOVEMBER OF 26 OR MAY OF OF 27.

THIS IS JUST A TENTATIVE CALENDAR HERE. IF THE DESIRE IS FOR US TO DO ONE IN NOVEMBER, THIS IS KIND OF WHAT IT WOULD LOOK LIKE AND TAKE TO GET THAT DONE. SO THIS IS REALLY, AGAIN, IT'S JUST INFORMATION FOR YOU ALL TO, TO LOOK AT AND, AND KIND OF SEE WHERE WE WANT TO GO FROM THERE. WOULD YOU LIKE DIRECTION ON IF WE WOULD LIKE TO START THAT OR WOULD YOU LIKE, LET'S GO THROUGH THIS AND THEN WE'LL GET TO IT AT THE END HERE BECAUSE WE DON'T HAVE ANY PROJECTS. I MEAN, DEPARTMENTS ARE WORKING ON POTENTIAL PROJECTS TO PRESENT, BUT WE CURRENTLY WE DON'T HAVE THAT LIST. IT'S NOT PART OF THIS. THIS WAS JUST MORE OF A HIGH LEVEL. OKAY, IF THIS IS THE DIRECTION COUNCIL WOULD LIKE TO GO, THEN WE WANTED TO KIND OF BE PREPARED. THIS NEXT COUPLE SLIDES IS REALLY MORE JUST INFORMATIONAL. THIS, THIS SLIDE HERE IS, IS, IS OFTEN CALLED CEO'S CERTIFICATE OF OBLIGATIONS. THIS DOES NOT REQUIRE VOTER APPROVAL. THE COUNCIL CAN ISSUE THIS DEBT WITHOUT THAT. THERE ARE CERTAIN CRITERIAS THAT THE PROJECTS HAVE TO MEET WHICH ARE LISTED THERE. IN THOSE SIX BULLET POINTS, RENOVATING, IMPROVING OR I'M NOT GOING TO READ THEM ALL, BUT EQUIPPING EXISTING CITY BUILDINGS, FACILITIES. IT'S MORE OF A OF AN EMERGENCY TYPE SITUATION. THERE ARE SOME.

THE BOTTOM BULLET POINT THERE. THERE ARE SOME THAT ARE FOR NEW FACILITIES. AND THEN AT THE THE FINAL IF IT MEETS ALL THOSE CRITERIA, THE ATTORNEY GENERAL HAS THE FINAL SAY AS TO WHETHER IT REALLY, REALLY MEETS THAT THAT CRITERIA. SO. SO I JUST WANTED TO THIS IS ONE TYPE OF, OF ISSUANCE THAT CAN THAT CAN BE DONE. ONE IMPORTANT NOTE PROJECTS YOU'LL SEE THERE IN BETWEEN THE BULLET PROJECTS THAT REQUIRE AN ELECTION TO BE PAID. THAT'S THOSE CAN BE PAID FOR BY THE INS SIDE OF THE OF THE TAX RATE. OTHERS HAVE TO BE PAID FOR OUT OF THE M AND O SIDE. SO THAT DOES IMPACT CITY OPERATIONS. TO SOME EXTENT. WELL I THOUGHT THERE WAS A OH, MAYBE IT'S ALL ON HERE. THE OTHER IS GENERAL OBLIGATIONS. I THOUGHT THERE WAS ANOTHER SLIDE IN THERE. BUT THE OTHERS GENERAL OBLIGATION, WHICH IS WHAT WE'RE TALKING ABOUT, WHICH ALL IS TYPICAL. WHAT YOU'RE. YEAH, IT'S JUST YOUR BOND ELECTION. IT GOES BEFORE THE VOTERS AND DIFFERENT PROJECTS ARE LISTED AND AND VOTERS APPROVE OR, OR DON'T APPROVE DIFFERENT PROJECTS THROUGHOUT THE CITY. AND THEN THAT MONEY IS SIMILAR TO WHAT WE'RE DOING TODAY. IT'S THE DEBTS ISSUED AS IT'S NEEDED. AND THE INSIDE OF THE THE TAX RATE INCREASES AS THAT DEBT IS ISSUED. I GOTTA GET MY GLASSES ON BECAUSE THIS IS A BUSY SLIDE WITH A LOT OF INFORMATION. SO ON THE BAR GRAPH, THE THE YELLOW REPRESENTS THE NEW DEBT FROM THE 2021 BOND ELECTION. SO WE'RE ISSUING 14 MILLION THIS YEAR. IN 2026, THE BOND PAYMENTS WILL BEGIN IN 2027. AND THEN ANY REMAINING THAT WE ISSUE IN 2027 BEGINS IN 2028.

AND I JUST WANT TO MAKE A STATEMENT HERE THAT THE MAYOR'S MAKES ON A PRETTY REGULAR BASIS, JUST BECAUSE THE BOND IS APPROVED DOESN'T MEAN WE HAVE TO ISSUE ALL THE DEBT. IF THE ROAD PROJECT COMES IN UNDER BUDGET, YOU KNOW, WE DON'T WE DON'T JUST ISSUE THE DEBT JUST BECAUSE THE VOTERS APPROVED IT. SO ON THE RIGHT SIDE THERE. OUR OUTSTANDING GENERAL OBLIGATION

[01:50:15]

BONDS IS ABOUT 54 MILLION. AND THEN AN ADDITIONAL 28 MILLION WOULD BE ISSUED FROM THE 2021 BOND ELECTION. AND THEN THE PPF CEOS THAT WE MENTIONED EARLIER. AND THEN WE ALSO HAVE 13 MILLION IN CEOS THAT HAVE BEEN ISSUED. AND THAT WAS FOR THE PUBLIC SAFETY BUILDING, FIRE STATION, FIRE STATION FOUR. YES, SIR. SO ANY QUESTIONS ON THIS SLIDE? I KNOW IT'S A LOT OF INFORMATION ON HERE, BUT I JUST WANT TO. COUNCILMAN. YEAH. ONE OBSERVATION MIGHT MAKE I MIGHT MAKE, YOU KNOW, ESPECIALLY BASED ON THE CONVERSATION WE'RE HAVING A LITTLE BIT EARLIER IS AS WE SEE SOME OF THIS GENERAL OBLIGATION DEBT ROLL OFF AND A FEW YEARS FROM NOW, DEPENDING ON HOW THE ECONOMY AND THE STATE OF THE WORLD IS, WHATEVER THAT LOOKS LIKE, IT COULD BE AN OPPORTUNITY TO TRY AND NOT ISSUE TOO MUCH NEW DEBT TO KIND OF OFFSET IT FOR THE TIME BEING WHEN THE TIME COMES. SO JUST THROW THAT OUT THERE. COUNCILMAN WILLIAMS. THANK YOU, MAYOR, ON THE THREE MAIN BONDS THAT WERE ISSUED IN 2021, WHICH I THINK WERE EARMARKED FOR SPECIFIC PROJECTS FROM MCMILLAN PROJECT, PARK ROAD PROJECT. AND THEN I THINK WE HAVE 3 MILLION FOR SAXI ROAD, IF I REMEMBER RIGHT, 4 MILLION, I BELIEVE, FOR SAXI ROAD. AND THEN OR I DON'T KNOW, SOMETHING LIKE THAT. YEAH. AND THEN JUST MAKING SURE THAT ANY OF THE FUNDS THAT HAVE THAT ARE BEING RELEASED TOWARD THOSE OBLIGATIONS ARE GOING TO THOSE SPECIFIC PROJECTS, AND NOTHING OUTSIDE OF THAT. ABSOLUTELY. OKAY. JUST CHECKING. I'M SAYING THAT MORE FOR EVERYONE TO HEAR THAT THAT'S WHAT THOSE THAT'S WHAT THOSE BONDS ARE FOR, FOR THOSE THREE SPECIFIC PROJECTS. BECAUSE I REMEMBER WE, WE SET GUARDRAILS ON IT JUST TO MAKE SURE THAT THAT'S WHAT IT WENT FOR. SO IT'S NOT, YOU KNOW, PARK ROAD. MCMILLAN'S NOT GOING TO EAT UP ALL THE PARK ROAD'S BUDGET. AND, YOU KNOW, PARK ROAD'S NOT GOING TO EAT UP ALL OF, YOU KNOW, SEXY ROADS, BUDGET. THEY'RE INDEPENDENT AND SEPARATE. JUST MAKING SURE THAT THAT IS CLEAR TO THE VOTERS. YES. KIND OF. I MEAN, I MEAN, YES, THEY'RE ALL SEPARATE PROJECTS. I WOULD HAVE TO GO BACK AND LOOK AT THE EXACT BOND LANGUAGE OF HOW THAT WAS PLACED ON THE BALLOT. I DON'T REMEMBER. I'M PRETTY SURE THAT WE MADE SURE THAT THEY WERE ACTUALLY SEPARATE VERY, VERY CLEARLY. I DON'T REMEMBER IF THEY WERE SEPARATE OR IF IT WAS ONE ITEM. IT WAS ONE ITEM.

SO THERE WAS THREE PROPOSITIONS. A WAS 35,100,000 FOR MCMILLAN DRIVE, PARK BOULEVARD AND SOUTH BALLARD AVENUE. SEXY PROPOSITION B WAS 10 MILLION FOR CITY WIDE STREET AND ALLEY REPAIR REPLACEMENT AND PROPOSITION C WAS 5 MILLION FOR IMPROVEMENTS TO WILEY HISTORIC DISTRICT. SO THE 35 MILLION INCLUDES PARK AND MCMILLAN TOGETHER AND. AND SOUTH AND SOUTH. BUT THEY'RE NOT SEPARATED OUT ON THE BUDGET LINE ITEM. SO THEY'RE ALL ONE BUDGET LINE ITEM, WHICH MEANS THAT THEORETICALLY AND I'M SAYING THIS SO THAT I CAN SEE WHAT'S COMING OR NOT COMING, WE COULD GET TO THE END AND NOT HAVE ENOUGH TO FINISH ONE PROJECT HERE BECAUSE WE, WE, IF WE GO OVER BUDGET, SO WILL WE, WILL WE KNOW IF WE'RE GOING OVER BUDGET AS WE'RE GOING ALONG ON, ON EACH PROJECT? OKAY. JUST MAKING SURE. YEAH, RIGHT.

I THOUGHT THAT WE HAD THEM SEPARATE, LIKE CLEARLY SEPARATE. YEAH. YOU CAN. OKAY. I'M JUST TRYING TO THINK WE TALKED ABOUT IT. AND THEN IN ORDER TO NOT HAVE FIVE PROPOSITIONS PEOPLE WERE VOTING ON, THEY WERE PUT TOGETHER BECAUSE THE GENERAL THOUGHT, ESPECIALLY ON THE MCMILLAN PARK, WAS IF YOU HAD ONE, YOU WANTED THE OTHER TO CREATE THE FOUR LANES ACROSS, OTHERWISE YOU WOULD JUST BE CREATING A BOTTLENECK ON ONE END OR THE OTHER. AND SO THEY WERE COMBINED TOGETHER. OKAY. AND THERE IS A LITTLE BIT OF LENIENCY, BUT NOT I MEAN, NO, WE'RE NOT GOING TO BE ABLE TO TAKE TAXI ROAD MONEY AND YEAH, SURE. I MEAN, THERE'S, THERE'S NOT THAT MUCH LENIENCY. AND I WILL SAY THERE'S, WE'VE PROBABLY WELL, UNTIL SAXY DECIDES TO DO THEIR PIECE OF SAXY ROAD, THERE'S REALLY NO POINT FOR US. AND THERE'S NOT ENOUGH MONEY IN THAT BOND BECAUSE WE HAVE TO DO THAT BRIDGE. AND THERE'S NOT I DON'T KNOW WHERE THAT NUMBER CAME FROM. THAT PREDATES ME, OKAY, BUT THERE'S NOT ENOUGH MONEY. I DON'T EVEN KNOW THAT THE HOW MUCH YOU SAID $5 MILLION IS ENOUGH TO BUILD THAT BRIDGE. SO, I MEAN, THERE'S, I THINK IF I REMEMBER CORRECTLY AND AGAIN, I'M NOT NOT POINTING ANY FINGERS AND NOT SAYING YOU WHAT WAS PRESENTED AT THE TIME WAS TRYING TO FIND SOME SORT OF A

[01:55:02]

FUTURE AGREEMENT WITH SAXY ON THE BRIDGE. AND AGAIN, I DON'T WANT TO GO OUTSIDE OF OUR SCOPE TOO FAR THIS EVENING. SURE. BUT JUST JUST TO HISTORICAL CONTEXT, IT WAS LET'S TRY TO GET THE ROAD TO THE BRIDGE OR CLOSE TO IT, AND THEN LET'S TRY TO FIGURE OUT HOW WE CAN PARTNER WITH THEM. AND OBVIOUSLY WE CAN'T GO DOWN TOO FAR THE ROAD. BUT I WILL SAY THIS, THAT MIGHT BE SOMETHING THAT WE HAVE TO POTENTIALLY TALK TO SOME REGIONAL PEOPLE ABOUT AND SEE IF WE CAN GET SOME HELP WITH THAT, SINCE IT'S GOING TO BE A LARGE SINGLE EXPENSE. SO I REMEMBER WHEN WE WERE TALKING ABOUT THE BOND THAT IT STARTED AT THREE AND THEN GREW AND IT WAS IT CREPT UP AND THEN YEAH. AND THEN AND THEN AFTERWARDS IT WAS, WELL, I STILL DON'T THINK THAT'S ENOUGH TO GET THE BRIDGE. MAYBE WE CAN SPLIT IT. AND AGAIN, WE MAY BE ABLE TO GET DALLAS COUNTY PARTICIPATE IN PART OF THAT AS WELL. I JUST THAT MIGHT BE AN. I JUST KNOW DALLAS COUNTY, THERE'S NOT ENOUGH MONEY, JUST NOT ENOUGH. IT JUST HELPS TO KNOW THAT.

OKAY, WELL. SHORT OF DISCUSSING, TALKING, APPROVING SOMETHING OUTSIDE OF THE BUDGET, THOSE FUNDS WON'T BE ISSUED. THAT DEBT WON'T BE ISSUED UNTIL WE FIGURE OUT WHAT'S GOING ON OR ANYTHING LIKE THAT. YEAH. THANK YOU. GREAT POINT. OKAY. I THINK THAT'S ALL THE COMMENTS AND QUESTIONS, MR. PARKER. ALRIGHTY. THIS SLIDE HERE. WHEN IN 29 WHEN THE THE DEBT FALLS OFF, IT EQUALS ABOUT $0.07 ON THE INSIDE OF THE TAX RATE. SO. WHEN THIS HAPPENS, THE VOTER APPROVAL RATE WILL DROP BELOW THE NO NEW REVENUE RATE. SO WE Y'ALL WILL HAVE TO OR THE CITY WILL HAVE TO ADOPT THE THE VOTER APPROVAL RATE. THE M AND O SIDE STAYS THE SAME, BUT THE.

BUT THE SIDE IS LESS. FOR REFERENCE. IF IN. IN THEORY. AND THIS. THIS CAN'T REALLY HAPPEN THIS WAY, BUT JUST JUST FOR KNOWLEDGE. YOU COULD ISSUE 74 MILLION IN DEBT, BUT YOU'D HAVE TO ISSUE IT ALL IN 2028 AND THE TAX RATE WOULD REMAIN THE SAME. SO JUST FOR REFERENCE PURPOSES, OBVIOUSLY WE'RE NOT GOING TO ISSUE 74,000,000 IN 1 YEAR BECAUSE EVEN IF WE HAD ALL THE PROJECTS, THEY WOULDN'T BE READY. WELL, YEAH. I MEAN. I TAKE A BEATING AS IT IS. I AIN'T TAKING THAT BEATING. I'M JUST THROWING THAT OUT THERE. SO SO IT DOES LOOK LIKE IT DROPS A COUPLE MORE CENTS IN 2030, BUT JUST JUST ON A, ON A LOOKING OUTWARD THING, RIGHT? SO OKAY, SO JUST FOR REFERENCE, IT'S ABOUT 74 MILLION TO MAINTAIN THAT, THAT 74 MILLION THAT WOULDN'T INCREASE THE CURRENT INS FROM ONE YEAR TO THE NEXT IF WE ISSUED IT ALL IN 2028. YEAH. SO THE TAX RATE IS GOING TO HAVE TO GO EITHER WAY. THE TAX RATE WILL GO DOWN. YEAH.

OKAY. HOLD ON. COUNCILMAN WILLIAMS I SAW YOU TRYING TO BUZZ IN THERE. SORRY. THANK YOU.

IS THAT IS THAT. I'M TRYING TO SEE IF THAT'S ALREADY FACTORING IN ISSUING THE DEBT OBLIGATION THAT IS ALREADY BEEN APPROVED OR NOT. SAY THAT AGAIN. I'M TRYING TO SEE IF THAT IS FACTORING IN THE DEBT OBLIGATION THAT'S BEEN APPROVED THAT'S NOT BEEN ISSUED. SO THAT THAT DROP IS ALREADY FACTORING IN THE THE $0.07 IS WHAT IS CURRENTLY FALLING OFF IN 2029.

IS THAT WHAT YOU'RE ASKING? WELL, JUST YOUR STATEMENT OF WE WOULD IF WE ISSUED 74 MILLION, THE RATE WOULD STAY THE SAME. I'M TRYING TO FIGURE OUT IF THAT STATEMENT INCLUDES THE ALREADY APPROVED, YOU KNOW, 28 MILLION. IT DOES THAT ALREADY, YOU KNOW, SO IT'S 74 IN ADDITION TO WHAT'S ALREADY APPROVED. CORRECT. THE POINT IF YOU LOOK AT SLIDE, IT'S 134 IN OUR PACKET. YOU CAN SEE IT HAS A 12.12 CENTS. AND THEN IF YOU GO DOWN, YOU CAN SEE IF YOU GO TO THE NEXT ONE DOWN BRANT, YOU CAN SEE THAT 2026 HAS THAT $0.12 IN THE THE NEXT SLIDE DOWN. WHERE'S YOUR $0.12. SO IT'S RIGHT OVER THERE. OKAY, SO THE CURRENT IS THERE. AND IF YOU COME BACK TO THE BLUE AND GREEN GRAPH DOWN ONE, NOW YOU CAN SEE 2026 HAS THAT $0.12.

THEN IT GOES UP TO 13 AND UP TO THE 14 AND 28. THAT'S US ISSUING THE REMAINING DEBT THAT YOU'RE SEEING ABOVE IN YELLOW. SO THAT'S THAT KICKING IN. AND THEN IT'S THE OLD BONDS THAT FALL OFF IN 29 THAT MAKES THAT CHANGE. AND IT REDUCES FROM THE PIER TO. BUT $0.02 WOULDN'T $0.02 WOULDN'T EQUAL THE REMAINING 30 MILLION IN THE BOND IN THE BOND WOULD IT CLOSE

[02:00:03]

TO IT. YES. IS IT OKAY. SO IT'S ABOUT 15 MILLION ASSENTS NOW OR ABOUT $0.74, SEVEN, $0.07. SO IT'S A LITTLE OVER SEVEN. AND IT'S IT'S RIGHT THERE. IT'S THE 74 MILLION. MAKES SENSE. SO ESSENTIALLY THE $0.02 COVER EACH CENT IS GOING TO BE ABOUT 14 TO $15 MILLION. SOMEWHERE IN THERE. AND THERE'S SOME OTHER SMALL DEBT THAT FALLS IN THOSE YEARS. OKAY, OKAY. IT TRICKLES.

THERE'S A FEW TRICKLES. IT HELPS JUST KNOWING THAT IN 27, 28. BUT YES, IT'S ACCOUNTED FOR.

I DON'T I DON'T WANT TO SAY BALLARD IS, BUT I KNOW THE REST OF THE MONEY IS ACCOUNTED FOR.

THE 28 THAT'S BEING REFERENCED ABOVE, ADDITIONAL. 28 AND THE FCO'S. OKAY. THANK YOU. YOU.

SORRY. I'M GOOD. THANK YOU. THAT HELPS THAT ONE. THIS SLIDE HERE IS JUST AGAIN FOR INFORMATION REFRESHER ANYBODY THAT NEEDS TO REFER TO THIS AS WE GO THROUGH THE BUDGET PROCESS. IT JUST TALKS ABOUT THE TWO DIFFERENT TYPES OF TAX RATES AND THE THE INCREMENT. SO WITH THAT, YOU KNOW, IF, IF A BOND IS A DESIRE, THEN THAT'S WHERE WE PROBABLY NEED TO START WORKING TOWARDS THAT DIRECTION. IF IT'S IN NOVEMBER OR IF WE WANT TO. I THINK FROM MY PERSPECTIVE, I WOULD BE OPEN TO A DISCUSSION. OBVIOUSLY, WE'RE NOT GOING TO ISSUE DEBT TOMORROW, SO TO SPEAK. EVEN IF SOMETHING WAS APPROVED BY THE VOTERS IN NOVEMBER, THE PROJECT IS NOT GOING TO BE READY FOR 2027. SIX WEEKS LATER OR EIGHT WEEKS. I THINK STAFF WOULD PROBABLY ALL WALK OUT THE DOOR IF WE SAID WE WANTED EVERYTHING READY, SO THE DEBT WON'T NECESSARILY BE ISSUED. I THINK IT WAS IMPORTANT. WE DON'T HAVE TO NECESSARILY ISSUE ALL OF THAT DEBT, EITHER OR, OR REQUEST PROJECTS FOR ALL OF THAT DOLLAR AMOUNT. I THINK IT WOULD BE GOOD FOR US TO WORK THROUGH THAT PROCESS, INVITE THE PUBLIC TO COME AS WELL. YOU KNOW, WE'LL HAVE WORK SESSION ON IT SEEING WHAT SOME OF THOSE ARE, TALK AS A GROUP WITHIN THE COUNCIL ON WHAT TYPES OF PRIORITIES WE HAVE OF WHAT WE WOULD WANT TO HAVE A BOND COMMITTEE LOOK DEEPER INTO, HEAR FROM THAT COMMITTEE POTENTIALLY, AND THEN TAKE IT FROM THERE ON WHAT GOES TO THE PUBLIC. BUT I THINK IT'S AT LEAST WORTH EXPLORING BECAUSE AS WE ALL KNOW, OBVIOUSLY WE ARE WORKING ON 2021 PROJECTS. JUST BECAUSE SOMETHING IS APPROVED DOESN'T MEAN THAT DEBT GETS ISSUED RIGHT AWAY. AND SO IF IT'S SOMETHING WHERE WE THINK THERE ARE POTENTIAL NEEDS IN THE FUTURE, I THINK PUTTING THOSE FORWARD, A LOT OF THOSE PROJECTS, WE'RE NOT GOING TO BE ISSUING MUCH UNTIL PROBABLY 28, IF WE'RE LUCKY, ON SOME OF THEM.

SO AND OTHERS MAYBE 2030S FOR WHERE WHERE THAT PROJECT ACTUALLY GETS GOING. SO I THINK DOING THE PLANNING PROCESS NOW MAKES SENSE. AND AGAIN, DOESN'T MEAN THAT WE'LL AGREE THAT ANYTHING GETS PUT OUT. BUT I THINK GOING THROUGH THAT EXERCISE, THIS IS THE RIGHT TIME TO LOOK AT IT AND TO HAVE THOSE DISCUSSIONS WITH STAFF, WITH THE PUBLIC AND AS A AS A COUNCIL TO DETERMINE, DO WE WANT TO MOVE FORWARD TO A BOND COMMITTEE AND THEN GIVE THEM SOME IDEAS ON WHAT WE THINK? I KNOW THE SCHOOL DISTRICT WENT THROUGH THIS PROCESS IN LOOKING AT THEIR FUTURE, AND I THINK IT'S THE SAME THING FOR US. I THINK WE NEED TO LOOK AT INFRASTRUCTURE. OBVIOUSLY, THERE ARE PLENTY OF I'LL CALL THEM NICER, FUN THINGS THAT PEOPLE REQUEST. THERE ARE OTHER NEEDS POTENTIALLY WITHIN CITY DEPARTMENTS AND THINGS LIKE THAT. I THINK IT WOULD HELP US TO KIND OF SEE A LIST AND THEN WE CAN DISCUSS AS A COUNCIL WHAT THE PRIORITIES ARE OR KIND OF THAT TYPE OF WHAT THE PROCESS WILL BE, AND THEN MOVE IT FORWARD FROM THERE. SO I THINK IT WOULD BE WORTHWHILE TO GO DOWN THAT PROCESS BECAUSE IT'S NOT A ONE MONTH PROCESS. BUT IF MY COLLEAGUES DISAGREE, THEN WE DON'T NEED TO. SO OBVIOUSLY, I'D LIKE TO HEAR FROM THEM. COUNCILMAN STRAIN, I THINK I CALLED ON YOU LAST LAST TIME, SO I'LL MAKE YOU FIRST THIS TIME. LAST SHALL BE FIRST. THERE YOU GO. NO, I AGREE, I THINK IT'S I THINK IT'S VERY WORTHWHILE EXERCISE. I'M SURE THERE ARE. I MEAN, THERE'S CERTAINLY NO END OF THINGS THAT COULD BE IMPROVED AND ALL THAT KIND OF STUFF, BUT IT'S A WORTHWHILE EXERCISE TO FIND OUT WHAT'S FEASIBLE. MAKES SENSE. AND I THINK IT'S IMPORTANT TO INVITE THE PUBLIC. THAT DOESN'T MEAN I WANT TO SEE MUNICIPAL POOL, THOUGH, ESPECIALLY NOW WITH TODAY'S INSURANCE RATES. SORRY, COUNCILMAN DUKE. YES, I THINK IT'S A GOOD IDEA. OKAY.

COUNCILMAN HOOVER, I CONCUR. I THINK IT'S A GOOD IDEA TO START LOOKING AT IT NOW INSTEAD OF

[02:05:05]

WHENEVER IT'S AN EMERGENCY. OKAY. COUNCILMAN PICKENS, I AGREE, AND I DO WANT TO MAKE SURE WE GET GOOD INPUT FROM THE CITIZENS TO FIND OUT WHAT'S ON THEIR MIND AND WHAT THEY WOULD LIKE TO SEE THE CITY DO. IF BOND PACKAGE WAS PUT UP. OKAY. COUNCILMAN WILLIAMS, THANK YOU.

MAYOR. I THINK IT'S INEVITABLE WITH THE RESTRICTIONS THAT ARE COMING, BUT I THINK WE'VE GOT TO FIGURE OUT WHAT ARE THE HEIGHTENED SENSE OF PRIORITIES FROM INFRASTRUCTURE TO SOME OF THE PROJECTS. I KNOW WE TALKED ABOUT THAT WE WANT TO HELP THE CITIZENS, YOU KNOW, HELP PROVIDE THE CITIZENS WITH. AND SO I THINK GETTING THAT STARTED IS A IS A GREAT GOAL. I'D LIKE TO SEE MORE COUNCIL INVOLVEMENT. AND IF WE CREATE A BOND COMMITTEE, I'D LIKE TO SEE MORE COUNCIL INVOLVEMENT IN THAT BOND COMMITTEE. INVITATIONS TO ALL OF THE MEETINGS, THINGS LIKE THAT, SO THAT WE CAN TRY TO PARTICIPATE A LITTLE BIT MORE THAN POSSIBLY WE DID LAST TIME. NO, I APPRECIATE THAT, AND I AGREE. I THINK IT WOULD BE THAT'S THAT'S WHY I'D LIKE TO SEE US START THIS START THIS SOONER BECAUSE I DO THINK I'D LIKE TO SEE COUNCIL A LITTLE MORE INVOLVED FROM THE FROM THE GET GO WITH THINGS TO ENSURE THAT WE'RE TAKING THAT BECAUSE FRANKLY, MOST OF US HEAR FROM QUITE A FEW PEOPLE, ESPECIALLY WHEN YOU START PROPOSING A BOND.

SO, YOU KNOW, WE'RE ACCOUNTABLE TO THE VOTERS. SO I KNOW WE I WOULD LIKE TO BE MORE INVOLVED THAN THE LAST ONE WE WENT THROUGH AS WELL. SO WHAT I'LL OBVIOUSLY STAFF, YOU'LL HAVE YOUR WORK ON YOUR END COUNCIL. I WOULD, I WOULD ASK THAT IF YOU HAVE THINGS YOU WOULD LIKE COUNCIL STAFF TO CONSIDER, PLEASE REACH OUT TO MR. PARKER AND LET HIM KNOW IF THERE'S A SPECIFIC PROJECT OR QUESTION THAT YOU HAVE ABOUT SOMETHING POTENTIALLY BE CONSIDERED. I'D ALSO ASK THAT YOU GIVE SOME THOUGHT TO HOW YOU WOULD LIKE THE BOND COMMITTEE TO SHAKE OUT IN THAT PROCESS, BECAUSE WE'RE THE ONES WHO SET THAT. SO IF WE WANT TO BE MORE INVOLVED AND WE WANT TO WORK THROUGH THAT, OBVIOUSLY, EVENTUALLY WE WOULD WRITE AN ORDINANCE CREATING IT, BUT WE CAN START GIVING STAFF THAT FEEDBACK AS WELL. SO THAT WOULD BE MY HOMEWORK THAT I WOULD GIVE TO MY COLLEAGUES AND MYSELF, WOULD BE TO JUST START THINKING THROUGH THOSE TWO THINGS SO THAT WE CAN MAKE GOOD USE OF OUR TIME AND HANDLE THIS PROCESS THE WAY THAT WE WOULD LIKE TO. BEFORE WE CONCLUDE THIS WORK SESSION, I HAVE ONE OTHER ITEM. I'LL TIE IT INTO THE BOND. WE MET WITH THE CORPS OF ENGINEERS. WHAT IS TODAY, TUESDAY. SO YESTERDAY THEY ARE READY TO MOVE FORWARD WITH THE LEASE FOR EAST FORK AND AVALON PARK. THAT'S GREAT NEWS. SO THE.

THE. LEASE WOULD TAKE THEIR RECOMMENDATION IS IS A 3 TO 5 YEAR. TIME FRAME. WITHIN THAT TIME FRAME WE WOULD BE ABLE TO DO SOME THINGS WITH WHAT THEY CALL A PARTNERSHIP, WHERE THEY STILL HAVE SOME BUDGET MONEY THAT THEY WOULD BE ABLE TO FUND SOME THINGS, AND MAYBE WE DO SOME THINGS AS WELL IF THAT'S. THAT'S AN OPTION FOR COUNCIL TO CONSIDER. THE LEASE TERM IS INITIAL IS 25 YEARS WITH A. 15 YEAR AND A TEN YEAR EXTENSION. I DID ASK IF WE COULD GET A AN INITIAL OF 50 YEARS AND. I WAS I WAS GIVEN THE RESPONSE THAT IT'S CONCEPTUALLY POSSIBLE, BUT IT WOULD HAVE TO GO UP TO DC. THE CURRENT STRUCTURE THEY SIGN OFF ON AT THE DISTRICT LEVEL.

SO IT MOVE A LITTLE BIT QUICKER. THE. THE REASON I INITIALLY THOUGHT ABOUT THE 50 YEAR WAS BECAUSE IF WE WERE TO ISSUE ANY DEBT TO MAKE ENHANCEMENTS OUT THERE, BONDS ARE TYPICALLY 20 YEARS. AND, YOU KNOW, IF WE ONLY HAVE A GUARANTEED 25 AND THEN A 15 AND A TEN. NOW THE MANAGER AT THE LAKE TOLD ME THAT TO DATE, ANYTIME A MUNICIPALITY HAS TAKEN OVER A PARK FROM THE CORE, IT IS THEY'VE NEVER TAKEN IT BACK. SO HE SAID, YOU KNOW, NOT TO WORRY ABOUT THAT BECAUSE WHAT ENDS UP HAPPENING IS THE MONEY IS IN THE BUDGET. CONGRESS TAKES THAT MONEY AWAY FROM THEM. SO THEY DON'T HAVE THAT FUNDING. THEY DON'T EVER GET IT BACK AND THEY DON'T EVER GET IT BACK. SO SO IF Y'ALL ARE INTERESTED IN THAT FOR THE MILITARY, IF Y'ALL ARE

[02:10:02]

INTERESTED IN THAT, THEN WE WILL. I'LL LET HIM KNOW THAT WE CAN PURSUE. THAT. START WORKING.

I'M SURE THERE'S A LAUNDRY LIST OF I'LL LET EVERYBODY NOD ON THAT ONE. REQUIREMENTS. OKAY, TO GO THROUGH THAT. SO THAT CONCLUDES THIS. IF IF THERE'S NO OTHER QUESTIONS. OKAY, I APPRECIATE IT. THANK YOU TO STAFF. THANK YOU FOR COMING AND PRESENTING AND KIND OF GIVING US A 30,000 FOOT VIEW TO START FROM THIS YEAR. APPRECIATE THE DETAILS AS WELL ON SOME OF THE OTHER INFORMATION. SO WITH THAT, I DON'T THINK COUNCIL HAS ANY QUESTIONS. AND I KNOW WE'LL BE

[RECONVENE INTO REGULAR SESSION]

ON THIS TOPIC QUITE A BIT OVER THE NEXT FEW MONTHS. SO I WILL GO AHEAD AND CLOSE OUR WORK

[EXECUTIVE SESSION]

SESSION. THEN I'LL MOVE US FROM REGULAR SESSION INTO EXECUTIVE SESSION UNDER SECTION 551.072 DELIBERATION REGARDING REAL PROPERTY. CLOSED MEETING IS ONE TO CONSIDER THE SALE OR ACQUISITION OF PROPERTIES LOCATED AT BALLARD, BROWN BROWN EUBANKS FM 544 COOPER FM 544.

SANDEN FM 1378. BROWN FM 1378. PARK JACKSON OAK REGENCY STEELE STATE HIGHWAY 78. ALLEN STATE HIGHWAY 78. BROWN STATE HIGHWAY 78, SKYVIEW, ON SECTION 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS CLOSED MEETING S2 DELIBERATION REGARDING COMMERCIAL OR FINANCIAL INFORMATION THAT THE WEDC HAS RECEIVED FROM A BUSINESS PROSPECT, AND TO DISCUSS THE OFFER OF INCENTIVES FOR PROJECTS. 2021 DASH 11 B 2022 DASH TEN C 2022 DASH 20 2020 3-1C 2020 3-2D 2020 4-5A 2024 DASH 12 C 2020 5-5A 2025 DASH 40 2020 5-5H 2020 5-8I 2020 5-9. A 2020 5-1F AND 2020

[RECONVENE INTO OPEN SESSION]

E US INTO OPEN SESSION. WE DON'T HAVE ANY ACTION TO TAKE COMING

[READING OF ORDINANCES]

OUT OF EXECUTIVE MISS STORM. I DO BELIEVE WE HAVE SOME ORDINANCES THIS EVENING. YES, MAYOR. ORDINANCE NUMBER 2026 DASH 12. AN ORDINANCE OF THE CITY OF WYLIE, TEXAS, AMENDING ORDINANCE NUMBER 2025 DASH 32, WHICH ESTABLISHED THE BUDGET FOR FISCAL YEAR 2025 TO 2026.

REPEALING ALL CONFLICTING ORDINANCES, PROVIDING FOR SEVERABILITY CLAUSE AND PROVIDING FOR AN EFFECTIVE DATE. ORDINANCE NUMBER 2026 DASH 13. AN ORDINANCE OF THE CITY AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS. AMENDING CHAPTER 18 ANIMALS.

ARTICLE FOUR ANIMAL SHELTER ADVISORY BOARD, SECTION 18 DASH 123 C NUMBER OF MEMBERS QUALIFIED APPOINTMENT TERMS OF THE WYLIE CODE OF ORDINANCES ORDINANCE NUMBER 2021 DASH 17, AS AMENDED, RELATING TO THE TERM LIMIT HOLDOVER PROVISION, PROVIDING FOR REPEALING SAVINGS AND SEVERABILITY CLAUSES AND PROVIDING FOR AN EFFECTIVE DATE. ORDINANCE NUMBER 2026 DASH 14.

AN ORDINANCE OF THE CITY OF WYLIE, TEXAS, AMENDING THE COMPREHENSIVE ZONING ORDINANCE OF THE CITY OF WYLIE, AS HERETOFORE AMENDED, SO AS TO CHANGE THE ZONING ON THE HEREINAFTER DESCRIBED PROPERTY ZONING CASE NUMBER 2020 601. PLAN DEVELOPMENT 2022 DASH 51 TO COMMERCIAL CORRIDOR ON 2.02 ACRES LOCATED AT 703 NORTH STATE HIGHWAY 78 TO ALLOW FOR COMPATIBLE RETAIL USES. ZONING CASE 2020 601 PROVIDING FOR A PENALTY FOR THE VIOLATION OF THIS ORDINANCE. PROVIDING FOR THE REPEAL OF ALL ORDINANCES AND CONFLICT, PROVIDING A SEVERABILITY CLAUSE, AND PROVIDING FOR AN EFFECTIVE DATE. THAT IS ALL. THANK YOU, MISS STORM. WITH THAT, THAT DOES COMPLETE OUR AGENDA THIS EVENING. COUNCIL, DO WE HAVE A MOTION TO ADJOURN? COUNCILMAN STRING. THANK YOU. MAYOR. I MAKE A MOTION TO ADJOURN. DO WE HAVE A SECOND? COUNCILMAN HOOVER I SECOND, WE HAVE A MOTION WITH A SECOND TO ADJOURN.

COUNCIL, PLEASE CAST YOUR VOTE. MOTION CARRIES SIX ZERO. COUNCILMAN OR MAYOR PRO TEM MALIKI HAD TO LEAVE. WITH

* This transcript was compiled from uncorrected Closed Captioning.

Mar 24, 2026 City Council & Work Session

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