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[00:00:01]

HERE.

OKAY.

IT IS A SIX 10, AND

[CALL TO ORDER]

I'LL CALL THIS MEETING OF THE SOUTH CENTRAL WATERFRONT ADVISORY BOARD TO ORDER.

UM, HI.

I NEED TO PULL UP MY, MY MEETING AGENDA HERE.

I APOLOGIZE FOR NOT HAVING THAT ALREADY PULLED UP.

UM, FEBRUARY 22ND, 2020 2, 6 10.

OKAY.

TODAY'S AGENDA.

UM, CAN WE CALL ROLE, AARON? DO YOU MIND CALLING ROLL? ALL RIGHT.

GOOD EVENING.

CAN EVERYBODY HEAR ME? YES.

ALL RIGHT.

YES.

CHAIR FRANKEL PRESENT VICE CHAIR, CRUDE BOARD MEMBER BUYERS, PRESENT BOARD MEMBER THOMPSON BOARD MEMBER, BOARD MEMBER, COTTON COTTON.

FORGIVE ME.

THANK YOU.

BOARD MEMBER, POP YOUR BOARD MEMBER SEATING, RESIDENT AND BOARD MEMBER.

GROSS.

SORRY.

DO WE HAVE SAM TYFORT? UH, KIM VASQUEZ, ROLANDO FERNANDEZ AND MOLLY ALEXANDER.

AND THAT IS IT.

PERFECT.

OKAY.

MOVING ON TO, UM, DO WE HAVE WE, I WOULD IMAGINE WE DON'T HAVE ANY SPEAKERS PRESENT, CORRECT? NO ONE SIGNED UP TO SPEAK.

OKAY.

UM,

[1. APPROVAL OF MINUTES]

MOVING ON TO ITEM ONE, A AND IT SEEMS THERE'S A LITTLE BIT OF CONFUSION.

THIS IS APPROVAL OF THE MINUTES OF THE SOUTH CENTRAL WATERFORD ADVISORY BOARD MEETING FROM DECEMBER 15TH, 2021.

AND I THERE'S NOTHING IN THE PUBLIC BACKUP ONLINE WITH THE MINUTES FROM THAT MEETING.

AND I'M CHECKING MY EMAIL AND I HAVEN'T, I DON'T SEE THEM EITHER.

SO I AM, UH, I AM PROJECTING THEM ON THE SCREEN.

OKAY.

PERFECT.

ALL RIGHT.

SO CAN, CAN, AS THEN THE SCREEN IS BEING SHARED WITH THE, WITH OUR BOARD MEMBERS THAT ARE, OH YEAH.

SORRY, KAREN COMMISSIONER POP.

WE'RE JUST GOING TO TRY AND GO A LITTLE SLOWER.

SORRY.

IF WE DON'T HAVE WE TYPICALLY, AS I RECALL, DO NOT PUT ON THE PUBLIC SITE, THE DRAFT MINUTES, THE BOARD MEMBERS GET THOSE CIRCULATED BY EMAIL FOR REVIEW AND EDITING IN ADVANCE OF THE MEETING.

SO THEY WOULDN'T BE POSTED TO THE BOARD UNTIL AFTER WE ACT ON THEM.

BUT IF YOU HAVEN'T SEEN THEM AND NOBODY'S HAD A CHANCE TO DO THAT, THEN WE CAN MOVE ON ON THE AGENDA AND WE'LL DO THEM BOTH AT THE NEXT MEETING.

UH, I WOULD, I'M, I'M FINE WITH THAT CHAIR.

I WOULD LIKE TO MAKE A MOTION.

YES.

I WOULD LIKE TO MAKE A CORRECTION TO THE OCTOBER 18TH MINUTES.

I WAS NOT ABLE TO COME TO THE MEETING IN DECEMBER AND WE HAD, UH, RECOMMENDED THE PUD WITH, WITH, UM, CONDITIONS.

AND THAT'S NOT CLEAR FROM THE MINUTES ON OCTOBER 18TH.

SO I WOULD LIKE TO SEE IF EVERYBODY WOULD AGREE THAT WE COULD ADD WITH CONDITIONS AFTER THE PART ON THE MINUTES AND OCTOBER 18TH, WHERE IT SAYS THAT WE RECOMMENDED THE PUB.

OKAY, PERFECT.

SO WE HAVE A SECOND.

UM, OKAY.

SO THE MOTION CURRENTLY IS TO AMEND THE MINUTES FROM OUR OCTOBER 18TH, 2021 MEETING TO REFLECT, UM, WHAT IS THE EXACT WORDING YOU WOULD LIKE TO HAVE THERE? WE RECOMMENDED THE PUD AND I WOULD JUST LIKE TO ADD WITH CONDITIONS.

OKAY.

GIVE ME ONE SECOND.

JUST TWO, UH, 20, 21.

AARON, IS THERE A WAY WE CAN PULL UP THOSE MEETING MINUTES JUST TO MAKE SURE THAT WE'RE ALL WE ALL UNDERSTAND.

PERFECT.

THANK YOU.

THANK YOU.

AND JUST LETTING

[00:05:01]

THE RECORD SHOW THAT COMMISSIONER SIDON IS PRESENT FOR THE MEETING, THE BEAUTY OF TECHNOLOGY, RIGHT.

AND NOT SO GOOD HIGHWAYS, MR. SHANNON.

YES.

IF YOU CAN PULL THIS UP ON THE SCREEN.

UM, YEAH.

CAN YOU SCROLL DOWN TO THAT ITEM? OKAY.

SO RIGHT NOW, AND I'LL READ THIS OUT.

IF I'LL READ IT OUT, JUST, JUST FOR CLARITY FOR EVERYBODY.

UM, RIGHT NOW THE MINUTES CURRENTLY SAY THE BOARD DISCUSSED, AND THIS IS REGARDING ITEM THREE E UH, THE SOUTH CONGRESS.

STATE'S BEEN PLANNING TO DEVELOPMENT APPLICATION, UM, AND THE OFFICIAL MEETING MINUTES SAY THE BOARD DISCUSSED THE PLAN APPLICATION AND DEVELOPED A RECOMMENDATION TO COUNCIL TO APPROVE THE 3 0 5 SOUTH CONGRESS STATESMEN PUD APPLICATION CHAIRMAN, SOMEONE FRANCO MADE A MOTION SECONDED BY BOARD MEMBER, JEFF THOMPSON, TWO APPROVED RECOMMEND RECOMMENDATION NUMBER 2020 1, 10 18 D RESOLUTION RECOMMENDING THE 3 0 5 SOUTH CONGRESS STATESMAN PLANNED UNIT DEVELOPMENT APPLICATION.

THE MOTION TO APPROVE, TO PASS WITHOUT AMENDMENTS WITH A FIVE YES, ONE ABSTENTION, ONE RECUSAL AND TWO ABSENT OF THE VOTE.

UM, SO W WHAT IN THERE WOULD YOU, HOW, WHAT, WHAT IS THE WORDING THAT YOU WOULD LIKE TO SAY? AND THE FIRST LINE WHERE IT SAYS WE DEVELOPED A RECOMMENDATION, I'D LIKE IT TO SAY A RECOMMENDATION WITH CONDITIONS.

UM, AND I, I UNDERSTAND THAT.

OKAY.

SO I'M GOING TO MOVE THIS TO DISCUSSION NOW.

UM, I AM OF THE OPINION THAT, UM, YOU KNOW, WE ARE AN ADVISORY BODY TO COUNSEL AND WE DO RECOMMEND THINGS.

UM, IT CLEARLY STATES HERE THAT WE MADE A RECOMMENDATION.

AND IF YOU'D LIKE, IF ANYBODY WOULD LIKE TO SEE THE RECOMMENDATION, IF THE RECOMMENDATION NUMBER IS THERE AND THE RECOMMENDATION IS ONLINE IN THE AGENDA, OR RATHER IN THE BACKUP.

AND SO ANYBODY CAN GO SEE THAT WE, YOU KNOW, WHAT THE RECOMMENDATION ACTUALLY WAS CONCERN IS THAT FOR THE PUBLIC RECORD, THAT IS NOT AS FULLY TRANSPARENT AS IT COULD BE IN WHAT, IN WHAT WAY DO YOU FEEL THIS IS NOT TRANSPARENT, IT'S COMPLETELY ONLINE POSTED FOR EVERYBODY TO VIEW, RIGHT? BUT IF PEOPLE ARE JUST LOOKING AT THE, AT THE RECOMMENDED AT THE MINUTES HERE AND THE RECOMMENDATION, THEY'RE NOT AWARE THAT THERE WAS A SERIES OF CONDITIONS THAT WERE ASSOCIATED WITH THAT RECOMMENDATION.

AND THERE HAS BEEN SOME MISCOMMUNICATION AS THIS HAS GONE THROUGH, UH, THE PROCESS.

AND SO I WOULD, I WOULD SAY THAT FOR CLARITY, IT WOULD BE VERY HELPFUL TO HAVE THAT WORDING AND MIND YOU, I'M A FULL FAN OF TRANSPARENCY.

I JUST DON'T, YOU KNOW, WE, WE DEBATED THIS, UH, FOR QUITE SOME TIME AND IT WAS, IT WAS, YOU KNOW, WE HAD SOME VERY, VERY GOOD INPUT BY EVERYBODY.

AS A MATTER OF FACT, IN OUR RECOMMENDATION ITSELF, WE REFERENCE OTHER BOARDS AND COMMISSIONS, AND SPECIFICALLY ASKED THAT THE APPLICANT, UM, THE APPLICANT CONTINUES TO WORK WITH STAFF TO RESOLVE CONDITIONS REQUESTED BY BOTH THE ENVIRONMENTAL COMMISSION AND THE PARKS BOARD.

SO W IT WAS, UH, FOR ME, THIS FALLS IN THE SAME VEIN OF WE, WE DIDN'T ATTACH ALL OF THE PARKS BOARD RECOMMENDATIONS ON THERE, AND WE DIDN'T ATTACH ALL OF THE ENVIRONMENTAL RECOMMENDATIONS ON THERE.

WE DID ACKNOWLEDGE THE FACT THAT THERE WAS RECOMMENDATIONS MADE BY THOSE TWO BODIES, AND WE WANTED THOSE TO MOVE FORWARD.

AND SO FOR, FOR THE SAME REASON, THIS IS IT'S A RECOMMENDATION TO ANYBODY WHO WANTS TO VIEW THOSE RECOMMENDATIONS AND DIG DEEPER INTO THEM CAN CERTAINLY VIEW WHAT WE, WHAT WE HAVE DONE HERE.

I JUST, I GUESS FOR ME, IT DOESN'T, IT, IT, THIS IS A, UM, A NON-ISSUE, I THINK IT IS AN ISSUE.

AND I THINK IT'S AN CLARIFICATION.

PERFECT.

WE CAN JUST CALL THE VOTE AND WHILE I CAN, I CAN APPRECIATE THAT.

YES, I AGREE.

DOES ANYBODY ELSE HAVE ANYTHING, ANY CONCERNS REGARDING THIS OR ANYTHING THEY'D LIKE TO SAY REGARDING THIS? I'LL JUST ADD THAT AS YOUR RIDE SHARE, WE SPENT QUITE A BIT OF TIME CRAFTING AND WORDSMITHING, EVEN, UM, THINGS THAT WE WANTED TO SEE IN THE RECOMMENDATIONS.

AND, UH, IF WE CAN MAKE IT A LITTLE CLEARER THAT INVITE PEOPLE A LITTLE MORE TO LOOK AT THOSE RECOMMENDATIONS, THEN IT SEEMS LIKE A SIMPLE WAY TO ACCOMPLISH IT JUST BY ADDING WITH CONDITIONS.

UNDERSTOOD.

OKAY.

UM, ANYBODY ELSE? OKAY, SURE.

YES.

UM, SO THIS IS MY FIRST MEETING AND LACKING SOME CONTEXT.

I THINK I WOULD FEEL MORE COMFORTABLE WITH STAINING FROM THIS VOTE ON, UH, HOW PREVIOUS CONVERSATIONS TOOK PLACE.

SO, UM, I WILL BE ABSTAINING FROM THIS.

OKAY, PERFECT.

UM, SO I, I WOULD RECOMMEND, UM, THAT, UH, INSTEAD OF ADDING WITH CONDITIONS, WE COULD SIMPLIFY IT AND JUST SAY CONDITIONAL

[00:10:01]

RECOMMENDATION, INITIAL RECOMMENDATION.

UM, I I'M, I'M NOT, I'M JUST TRYING TO THINK THROUGH WHAT THE RAMIFICATIONS OF THAT WOULD BE.

UM, YOU KNOW, I'M NOT THE CITY ATTORNEY OR THE LEGAL OFFICE.

I DON'T KNOW WHAT WORDING WE CAN ACTUALLY PUT IN THERE.

UM, I WOULD STAFF MARGARET, DO YOU THINK THAT WOULD BE A MAJOR ISSUE IF WE, TO THE BOARD ON THE WORDING OF IT? I THINK OUR TRADITIONAL HAS BEEN WITH CONDITIONS WITH CONDITIONS AS OPPOSED TO CONDITIONAL AMENDMENT.

OKAY.

BUT IT'S JUST SEMANTICS, I BELIEVE SO.

IT'S, IT'S THE WILL OF THE BOARD THAT BEING SAID COMMISSIONER SIDE.

AND DO YOU MIND IF WE LEAVE IT WITH CONDITIONS FOR THE PURPOSES OF NOT HAVING TO ADD A FRIENDLY AMENDMENT OR WOULD YOU, I, I AM OKAY WITH THE ORIGINAL WORDING.

UM, I DO BELIEVE THAT CLARIFICATION IS WARRANTED THE ORIGINAL WAR, JUST TO CLARIFY THE ORIGINAL WORDING BEING WITH CONDITIONS.

OKAY.

UNDERSTOOD AS RECOMMENDED.

OKAY.

UM, SO ANY OTHER DISCUSSION WITH THAT? OKAY.

SO THEN WE WILL, WE, FOR THE RECORD, WE HAVE ONE ABSTENTION COMMISSIONER BUYERS, UM, WE'LL CALL IT, WE'LL CALL A VOTE.

THE MOTION IS TO AMEND.

YES.

UH, THIS IS MY FIRST SEATING ALSO.

AND IF, AND LIKEWISE I WOULD LIKE TO STAY.

PERFECT.

PERFECT.

PERFECT.

THANK YOU FOR THAT.

UM, OKAY.

SO THE MOTION ON THE TABLE IS TO AMEND THE OCTOBER TO 18TH, 2021 MEETING MINUTES TO ADD THE WORDING WITH CONDITIONS AFTER THE WORD RECOMMENDATION.

OKAY.

ALL IN FAVOR, SAY I, I HAVE TO PRESENT THREE.

UM, IF YOU COULD HAVE FOLKS RAISE THEIR HANDS ON SCREEN, THAT WOULD BE VERY HELPFUL.

SO IT LOOKS LIKE WE HAVE THREE EYES, UH, NAYS.

I AM A NE ONE DAY SO FAR.

I SEE A HAND RAISED AND I DON'T KNOW WHAT THAT IS FOR.

UM, KAREN, IS THAT YOU RAISING YOUR HAND AND THAT IS FOR THE EYE, CORRECT? JUST TO MAKE SURE.

ALL RIGHT.

OKAY, PERFECT.

SO THREE EYES, ONE A, UM, AND ONE ABSTENTION, TWO ABSTENTIONS.

I'M SORRY.

UM, SO I DON'T BELIEVE THE MOTION PASSES.

WE HAVE THE MOTION FAILS BECAUSE IT DIDN'T EVEN REACH QUORUM.

OKAY.

UNDERSTOOD.

WE DO HAVE ONE TONIGHT.

YES.

OKAY.

WE HAVE JUST ENOUGH VOTES FOR QUORUM, SO WE'D NEED EVERYBODY PRESENT TO VOTE.

SO WITH THE ABSTENTION AND THE NE IS WHERE WE DON'T GET TO THE MATH.

OKAY.

UM, ALL RIGHT, THEN MOVING ON, LET ME PULL UP THE AGENDA AGAIN.

AND MR. CHAIRMAN, IF WE DID NOT CIRCULATE, IT SEEMS LIKE SEVERAL PEOPLE DID NOT GET THE DECEMBER MINUTES.

SO WE'RE MORE THAN HAPPY TO DO THAT AT THE NEXT MEETING.

WE'LL CIRCULATE IT AND POST IT ON BACKUP FOR FOLKS.

AND THEN WE CAN TAKE THE TIME TO DO THAT THE NEXT TIME, NOT A PROBLEM.

SO WE'LL HAVE TO, UM, TO, UH, AGENDA AGENDAS TO APPROVE OR DRAFT AGENDAS.

OKAY.

UM, SORRY FOR THE RECORD DRAFT MINUTES, DRAFT THE DRAFT MINUTES FROM DECEMBER AND THEN DRAFT MINUTES FROM THIS MEETING.

THAT'S RIGHT.

DRAFT MINUTES.

THANK YOU FOR THAT CLARIFICATION.

UM, OKAY.

MOVING ON TO ITEM.

WELL, ACTUALLY, BEFORE WE DO THAT, I COMPLETELY FORGOT EVEN BEFORE, UH, GOING ON TO ITEM ONE, A, WE DO HAVE A NEW BOARD MEMBER HERE WITH US TODAY.

I'LL LET HIM INTRODUCE HIMSELF.

THANK YOU, CHAIR HOLDER, BUDDY.

UM, MY NAME IS PAUL BYERS.

I'M EXCITED TO BE HERE.

UM, I AM ON THE BOARD OF THE TRAIL FOUNDATION AND I'M SERVING, UM, AND IN THAT CAPACITY, UM, HERE ON THIS BOARD, SO, UM, I'VE BEEN FOLLOWING ALONG ON THE VISION PLAN AND THE REGULATING PLAN, AS BEST AS I WOULD SAY, CITIZEN LAY PERSON CAN, UH, TRYING TO GET UP TO SPEED.

UH, BUT, UH, BEAR WITH ME PLEASE, UH, BEING, UH, YOU KNOW, NEW TO, TO THIS CAPACITY.

SO I'M EXCITED TO BE HERE.

I THINK THIS IS A REALLY, UH, IMPORTANT TOPIC, SO, UM, UM, I'M READY TO, TO ENGAGE IN AND, UH, DIVE IN AND, UH, HAPPY TO BE HERE.

PERFECT.

THANK YOU VERY MUCH.

AND WE DO HAVE ONE NEW EX OFFICIO MEMBER, UM, FROM THE REAL ESTATE OFFICE.

YES.

HI, GOOD EVENING.

I'M KIM VASQUEZ AND I'M TEMPORARILY AN EX-OFFICIO MEMBER UNTIL OUR PERMANENT IS, UH, IT'S.

IT'S SELECTED HERE AND I AM WITH THE CITY'S REAL ESTATE.

FANTASTIC.

WELL, THANK YOU VERY MUCH FOR BEING HERE.

UM, AND

[00:15:01]

PAUL, THANK YOU FOR JOINING US.

UM, YEAH, THE TRAIL FOUNDATION IS AMAZING AND THEY HAVE AMAZING PEOPLE WITH THEM.

[2.a. One Texas Center Development Update (Financial Services)]

OKAY.

MOVING ON TO ITEM TWO, A, UH, NEW BUSINESS, ONE TEXAS CENTER DEVELOPMENT UPDATE FROM FINANCIAL SERVICES, AND WE HAVE, UH, ANDREW MOORE FINANCIAL SERVICES AND MANDY DEMISE OF HOUSING AND PLANNING TO SPEAK ON THIS ONE.

GOOD EVENING, COMMISSIONERS, ANDY MOORE WITH FINANCIAL SERVICES.

AND, UM, I'M HERE TO GIVE YOU AN UPDATE ON WHERE WE ARE WITH ONE TEXAS CENTER.

UM, AND I, I DON'T HAVE A GREAT UPDATE TO GIVE YOU, UM, WE'RE, WE'RE IN THE MIDST OF WE'RE DOING A WHOLE RE-EVALUATION OF OUR, OF OUR FACILITY NEEDS FOR, UM, OR, UH, OFFICES THROUGHOUT THE ORGANIZATION.

AND FOR SOME BACKGROUND, UM, I SUPPORT THOSE STRATEGIC FACILITIES, GOVERNANCE TEAM, WHICH LOOKS AT ALL OF OUR, OUR, UH, FACILITIES NEEDS.

AND, UM, I'M, I'M FOCUSED ON THE CHARGE THAT WE GOT FROM COUNCIL TO GET OUT OF LEASED OFFICE SPACE AND INTO OWNED OFFICE SPACE.

AND A COUPLE OF THE PROJECTS THAT I'VE WORKED ON ARE THE, THE BUILDING THAT YOU'RE YOU'RE IN RIGHT NOW.

AND THEN, UM, I'LL SAY ENERGY HEADQUARTERS AND THE, UH, PERMITTING AND DEVELOPMENT CENTER AT HIGHLAND MALL.

UM, THOSE ARE, YOU KNOW, BOTH, UH, BOTH OWNED FACILITIES NOW.

AND WE WERE LOOKING TO, UM, TO INCREASE, INCREASE THE NUMBER OF, OF OWNED FACILITIES, OBVIOUSLY.

BUT, UM, AS A PART OF THAT CHARGE, THE LAST TIME WE WENT TO COUNCIL, UH, WE WERE ASKED TO TAKE A LOOK AT EXISTING OWNED FACILITIES WHERE WE COULD, UM, REDEVELOP AND PROVIDE OFFICE SPACE.

AND, AND SO AS A PART OF THAT, UM, WE LOOKED AT, AT ONE TEXAS SAYS, UH, A GOOD LOCATION FOR US TO MEET THOSE NEEDS.

AND, UM, WAS IN AUGUST OF THIS PAST YEAR, UM, THE SSGT WENT TO THE AUDIT AND FINANCE COMMITTEE OF COUNCIL AND A SUB-COMMITTEE OF COUNCIL AND PRESENTED A OVERARCHING KIND OF APPROACH TO WHAT WE WERE DOING.

AND, UH, ONE TEXAS CENTER WAS A PART OF THAT PRESENTATION AT THAT TIME.

UM, AND I'VE, I'VE, UH, I HAVE THOSE SLIDES TO SHOW TO YOU ALL WHAT WAS PRESENTED TO I DIDN'T FINANCE.

UM, BUT SINCE THEN, UM, WE ARE, ARE, ARE RETHINKING WHAT OUR, UH, OUR NEEDS WILL BE AS WE'RE COMING INTO TWO YEARS OF, OF TELEWORKING AND GETTING A BETTER UNDERSTANDING OF, OF HOW WE ARE FUNCTIONING AS ORGANIZATION WITH THE TELEWORKING.

AND THEN FROM MY STANDPOINT, IT'S OKAY.

SO HOW DOES THAT IMPACT WHAT OUR OVERALL SQUARE FOOTAGE NEEDS ARE? WHAT'S THE CAPACITY THAT WE, WE NEED AS AN ORGANIZATION TO MEET THE, TO FUNCTION, AND THEN ALSO TO PROVIDE NO SPACE FOR THE, THE LEASES THAT WE DO HAVE COMING UP THAT WE NEED TO, UM, PROVIDE SPACE FOR.

SO I'M HAPPY TO, TO PROVIDE THE SLIDES AND THERE IS A, UM, YOU KNOW, AMASSING RENDERING.

THAT'S A PART OF THEM THAT SHOW A COUPLE OF TOWERS, UM, ON THE SITE, ALONG WITH, UH, AFFORDABLE HOUSING ON THE SURFACE LOT.

BUT I'LL JUST SAY THAT, UM, BY NO MEANS IS THIS WHAT IS GOING TO HAPPEN? AND WE ARE, RE-EVALUATING EXACTLY WHAT WILL HAPPEN.

UM, SO I I'LL, I'M HAPPY TO SHOW THOSE AND, AND WALK THROUGH THEM, UM, WITH YOU IF YOU'D LIKE.

SO THIS IS, UM, WE HAD DONE A, UM, AN ASSESSMENT OF THE, OF THE ONE TEXAS, UH, CENTER'S SITE, UH, WITH, UH, ARCHITECTS AND, UH, CIVIL ENGINEERS TO GET, UM, SOME MASSING OPTIONS AND A FEASIBILITY STUDY, ESSENTIALLY.

AND FROM THAT, YEAH.

UM, OKAY.

SO WE, UH, WE HAVE CURRENTLY THE NUMBER OF FOLKS THAT WE HAVE IN, IN THE, UM, THE CURRENT BUILDING ITSELF, UM, AND OUR PLANS AT THAT TIME WERE TO MOVE THOSE, UH, THAT STAFF, THOSE STAFF MEMBERS OUT OF ONE TEXAS AND INTO TOWN LAKE CENTER, WHICH IS THE OLD AUSTIN ENERGY HEADQUARTERS, WHICH, UM, IS BEING TRANSFERRED TO THE CITY.

UM, OVERALL, YOU KNOW, WE IDENTIFIED THAT THERE WOULD BE 23 DEPARTMENTS THAT COULD MOVE INTO A, UM, A NEW REDEVELOPED SITE THAT ONE TEXAS, UM, IT COULD HOUSE OUR

[00:20:01]

PUBLIC SAFETY HEADQUARTERS, UM, AND THEN, UM, HOUSING AND PLANNING AND MANDY AND HER TEAM WOULD RUN THE REDEVELOPMENT OF, UH, FOR AFFORDABLE HOUSING ON THE SITE HERE.

I'M SORRY.

SO I SKIPPED ONE IN MY, EXCUSE ME, ONE OF THE SLIDES IN THE PRESENTATION.

SO, UM, THIS IS WHAT THAT MASSING LOOKED LIKE.

AND AGAIN, I JUST WANT TO EMPHASIZE THAT THIS IS NOT, UH, WHERE WE ARE RIGHT NOW AND DETERMINING WHAT WILL BE ON THE SITE AND WHAT WE WOULD BE RECOMMENDING.

AGAIN, WE NEED TO, UM, REALLY EVALUATE WHAT, UM, WHAT ARE OFTEN WHAT THE FUTURE OF, OF THE CITY'S OFFICES WILL LOOK LIKE.

AND, UM, YOU KNOW, WE'RE FINDING THAT WE'RE GETTING MUCH BETTER INFORMATION, BUT WE'RE GETTING DOWN TO A VERY GRANULAR LEVEL OF, OF DETAIL AND UNDERSTANDING EXACTLY WHO IS GOING INTO THE OFFICE AND FOR HOW LONG AND WHAT THOSE SPACE, UM, WHAT THOSE SPACES LOOK LIKE.

SO, UM, AGAIN, THIS WOULD BE A, THESE WERE GOING TO BE ADMINISTRATIVE OFFICE FACILITIES WITH, UM, UH, PARKING GARAGES, UH, GROUND FLOOR RETAIL TO, UM, PROVIDE, YOU KNOW, AN ACTIVATION OF THE, UH, THE STREET LEVEL, UH, PER THE DISTRICT PLANS.

UM, AND THEN ALSO HAVING, UM, YOU KNOW, THE LOCATION ALONG THE, THE FUTURE RAIL LINES AND ARE CURRENTLY, UM, YOU KNOW, ROBUST TRANSIT THAT'S THERE, UH, REALLY MAKE IT, UH, ATTRACTIVE FOR, FOR US AS AN ORGANIZATION AND ITS PROXIMITY TO, UM, CITY HALL AS WELL IS OF GREAT INTEREST TO US.

AND, YOU KNOW, WE ARE, WE'RE COMPETING FOR EMPLOYEES JUST LIKE EVERYBODY ELSE'S, UM, THROUGHOUT THE, THROUGHOUT THE CITY.

AND, UH, WE'RE, WE NEED TO UPDATE AND UPGRADE OUR, OUR OFFICE FACILITIES, UH, IN ORDER TO ATTRACT, UM, ATTRACT EMPLOYEES AND RETAIN EMPLOYEES.

SO WE FEEL LIKE HAVING, UM, HAVING A CITY ADMINISTRATIVE FACILITY IN THE DISTRICT IS, UM, IS GREAT FOR US AS AN ORGANIZATION.

AND WE CAN ALSO BE A PART OF, UM, YOU KNOW, WHAT'S HAPPENING WITHIN THE DISTRICT AND BE, UM, CATALYST FOR IT AS WELL.

SO, UH, BUT AGAIN, THIS IS NOT, UM, THIS IS, THESE ARE NOT THE OFFICE BUILDINGS YOU'RE LOOKING FOR, OR OFFICE TOWERS THAT YOU'RE LOOKING FOR AT THIS TIME.

WE'RE JUST NOT, UH, WE'RE NOT ABLE TO COME FORWARD AND SAY, THIS IS WHAT WE'D LIKE TO DO.

THIS IS WHAT WE NEED IN ORDER TO MEET OUR, OUR, OUR FACILITY NEEDS OUR OPERATIONAL NEEDS.

UH, BUT WHEN WE DO, UM, YOU KNOW, WE, WE WILL COME BACK TO THE SWAB AND SAY, THIS IS WHAT WE'RE THINKING.

WE WANT TO GET YOUR FEEDBACK, YOUR RECOMMENDATIONS, SO THAT WE CAN, UM, MAKE IT A, UH, A GREAT PROJECT FOR THE DISTRICT.

AND WE LOOK FORWARD TO THAT.

WE'RE JUST, WE'RE JUST NOT THERE YET.

AND I, I APOLOGIZE FOR NOT HAVING A GREATER DETAIL, BUT WE JUST NEED TO DO SOME MORE WORK TO UNDERSTAND EXACTLY WHAT WE NEED.

SO THOSE ARE THE ONLY SLIDES I HAVE, AND THESE WERE TAKEN DIRECTLY FROM THE, UM, YACHT AND FINANCE PRESENTATION.

SO HAPPY TO ANSWER ANY QUESTIONS OR, YOU KNOW, PLEASE, UM, MANDY, IF YOU HAVE ANY, ANYTHING TO ADD REGARDING THE AFFORDABLE HOUSING PORTION, PLEASE, PLEASE DO.

SO I, UH, MANDY DEMAND THAT DEPUTY DIRECTOR AT THE HOUSING AND PLANNING DEPARTMENT, UM, I AM HERE TO ANSWER ANY QUESTIONS, UH, REGARDING THE AFFORDABLE HOUSING COMPONENT.

I WILL SAY WE HAVE BEEN WORKING ALONGSIDE ANDY AND MULTIPLE DIFFERENT DEPARTMENTS AS WE ASSESS VARIOUS DIFFERENT SCENARIOS FOR THE ONE TEXAS CENTER PROPERTY.

ALL OF THOSE SCENARIOS INCLUDE AFFORDABLE HOUSING COMPONENT.

UM, WE'RE VERY EXCITED ABOUT THE AFFORDABLE HOUSING COMPONENT.

WE'RE A COUPLE OF DIFFERENT REASONS.

UM, ONE IS IT'S CRUCIAL TO REALIZE THE AFFORDABILITY VISION AS PART OF THE SOUTH CENTRAL WATERFRONT VISION PLAN.

UM, AND TWO, THE LOCATION IS, UH, JUST IDEAL, UM, WORK, HORRIBLE HOUSING SPECIFICALLY BECAUSE OF, AS ANDY MENTIONED, EXISTING TRANSIT, BUT CERTAINLY, UM, UH, UH, PLANT ORANGE LINES IN PROXIMITY TO THE ORANGE LINE, VERY EXCITING OPPORTUNITY.

WE HAVE LOOKED AT A VARIETY OF DIFFERENT MASSING, UH, SCENARIOS, UM, AND AGAIN, NOTHING IS WRITTEN IN STONE.

WE HAVE, UM, LOOKING AT DIFFERENT SCENARIOS AND DIFFERENT DENSITY OPTIONS.

UM, WE BELIEVE IN WHAT WAS REPRESENTED IN THE MAPPING THAT ANDY SHOWED YOU, UH, SOMEWHERE IN THE NEIGHBORHOOD OF 140 PLUS OR MINUS UNITS, RESIDENTIAL AFFORDABLE UNITS, UM, WOULD BE AN IDEAL SCENARIO ON THAT SITE.

UM, THE SIZE OF THE DEVELOPMENT DEPENDS ON A VARIETY OF THINGS, INCLUDING CONSTRUCTION COSTS

[00:25:01]

AND PRICING, PARKING REQUIREMENTS, UM, AND AVAILABLE FINANCING.

UH, ONE OF THE REASONS WE, WE KIND OF WENT IN ON THE SCENARIO THAT WOULD BE FIVE STORIES, UM, AND INCLUDE SUFFICIENT PARKING, UH, IS BECAUSE THE 140 AGAIN, PLUS, OR MINUS ALIGNS NICELY WITH OUR TYPICAL AFFORDABLE HOUSING FINANCE PROGRAM, AND REALLY REQUIRES THE MINIMUM AMOUNT OF PUBLIC SUBSIDY TO MAKE THAT A REALITY.

AGAIN, WE HAVEN'T STARTED PROGRAMMING THE SITE.

UM, BUT I DO WANT TO ASSURE FOLKS THAT WE ARE LOOKING AT AFFORDABLE HOUSING ON THE SURFACE PARKING LOT COMPONENT OF ONE TEXAS CENTER.

UM, AGAIN, WE'RE LOOKING AT APPROXIMATELY 140 PLUS OR MINUS UNITS THAT WOULD DEPEND ON AGAIN, PARKING FINANCING, AVAILABLE FUNDING, UM, AND ALSO WHO THE TARGET POPULATION IS.

SHOULD IT, UH, END UP BEING A FAMILY SIZE PROPERTY? THIS WOULD BE LARGER UNITS.

WE, THOSE WOULD BE LARGER UNITS IN SIZE.

WE WOULD PROBABLY END UP WITH FEWER UNITS VERSUS IF IT WERE A WORKFORCE HOUSING OR SUPPORTIVE HOUSING WHERE IT'S PRIMARILY GOT EFFICIENCY OR ONE BEDROOM WE COULD ACHIEVE MORE LIMITS.

UH, THAT IS WHERE WE ARE RIGHT NOW WITH THE AFFORDABLE HOUSING COMPONENT.

WE RECOGNIZE HOW IMPORTANT, HOW CRUCIAL IT IS TO HELPING TO ACHIEVE THE VISION FOR THE AREA AND THE AFFORDABILITY.

I'M HAPPY TO ANSWER ANY QUESTIONS REGARDING THE AFFORDABLE HOUSING PIECE.

OKAY.

UM, DOES ANY, ANY OF THE BOARD MEMBERS ON THE SCREEN CURRENTLY HAVE ANY QUESTIONS? AND IF YOU DO, PLEASE RAISE YOUR HAND.

SO I CAN SEE YOU WHEN I SAY ON THE SCREEN, I'M SAYING, UH, NOT PRESENT IN THIS ROOM, KAREN, KAREN POP, YES.

COMMISSIONER WILL POP.

SO THE ORIGINAL VISION PLAN CALLED FOR 150 UNITS THAT WOULD PUT THE CITY A LITTLE SHORT OF ITS CONTRIBUTION IS THAT IS WHAT'S THE THINKING ON THAT AGAIN, THESE ARE PRELIMINARY MASSING STUDIES.

WE COULD REALLY LOOK ANYWHERE FROM 140, DEPENDING ON THE NUMBER OF STORIES.

IT COULD BE AN EXCESS OF 117 MINUTES ALSO, DEPENDING ON THE SIZE OF THE UNITS, WHETHER IT'S FAMILY FRIENDLY AND INCLUDES TWO AND THREE BEDROOM, OR IS EFFICIENCY ONE BEDROOM FOCUSED.

SO AT THIS POINT WE'RE NOT NEAR, UM, NAILING DOWN WHAT THE ACTUAL PROGRAMMING IS OF THE SITE, UM, OR THE NUMBER OF UNITS.

BUT I THINK IT'S FAIR TO SAY 140 PLUS OR MINUS IS CERTAINLY WITHIN THE REALM.

UH, RIGHT NOW, AS OF TODAY, THE CITY OWNS OTHER PROPERTY NEARBY.

HOW'S THAT FIGURING INTO THE THOUGHT OF OFFICE SPACE IN AFFORDABLE HOUSING DEVELOPMENT, WHICH, UH, WHICH PROPERTIES DO YOU MEAN AGAIN? WELL, THERE'S ONE TEXAS CENTER.

THERE'S THE BIG PARKING GARAGE, THE PARKING GARAGE AT ONE TEXAS.

YES.

YEAH.

SO THAT'S A PART OF, UH, WE WOULDN'T BE REDEVELOPING BOTH THE, UM, THE PARKING GARAGE AND THE, UH, IN THE BUILDING ITSELF.

UH, SOMETHING ELSE WE'VE WE'VE TALKED ABOUT IS, UM, HAVING A UNIFIED DEVELOPMENT WHERE WE'RE ABLE TO, UM, PUT SOME OF THE, UH, APARTMENT HOUSING, UM, PARKING IN THE, IN THE OFFICE PROJECT AS WELL TO INCREASE THE BUILDABLE AREA ON THE, ON THE, ON THE SURFACE LOT AS WELL.

SO WE'RE, UH, WE'RE TRYING TO, WE WILL INCORPORATE, UM, YOU KNOW, THOSE ELEMENTS INTO THE OFFICE PROJECT IN ORDER TO, UM, TO MAXIMIZE THE, UM, THE UNITS WE'RE ABLE TO, ABLE TO PROVIDE KAREN ANY MORE QUESTIONS? NO, I DON'T.

THANK YOU, CHAIR.

UH, I DON'T SEE ANY, I THOUGHT WE HAD MORE, UM, COMMISSIONERS OR BOARD MEMBERS ON, ON THE CALL AND I CAN'T SEE THEM ON THE SCREEN.

CAN YOU GO, UH, WHOEVER'S RUNNING THE SCREEN.

IS THERE A WAY TO SHIFT THE PAGE SO WE CAN SEE IF THERE'S ANY MORE MEMBERS THAT HAVE QUESTIONS OR IS THIS EVERYBODY THAT'S ON? OH, IS IT YOU OR THE OTHER PERSON? I APOLOGIZE.

OKAY.

OKAY.

OKAY.

THEN, UM, ANYBODY IN THE ROOM HAVE ANY QUESTIONS REGARDING THIS ITEM? I

[00:30:01]

HAVE A QUESTION.

YES.

I'M CURIOUS WHO IS IN ON THE DISCUSSIONS ABOUT HOW THIS IS GOING TO BE, WHAT DEPARTMENTS IS IT, JUST FINANCIAL SERVICES AND HOUSING AND PLANNING, OR ARE YOU CALLING IN ADDITIONAL DEPARTMENTS IN MAKING THESE CHOICES? THE STRATEGIC FACILITIES GOVERNANCE TEAM IS MADE UP OF, UH, FINANCIAL SERVICES, UM, REAL ESTATE SERVICES, BUILDING SERVICES.

UM, SO THOSE ARE THE MAIN DEPARTMENTS THAT WE ARE, THAT ARE INVOLVED IN THE DISCUSSIONS.

NOW, THESE ARE ANY OF THESE DECISIONS THAT, UM, THAT SF GT GROUP MAKES THEY HAVE TO PRESENT THEM TO THE, THE CITY MANAGER AND THE, UH, THIS IS A TEAM MANAGER TEAM, WHICH INCLUDES ALL THE DEPARTMENTS.

SO ESSENTIALLY WE GET, WE GET INPUT FROM, FROM ALL THE DEPARTMENTS AS WE'RE PRESENTING, UH, THESE FACILITIES, THIS FACILITY APPROACH, AND THE INDIVIDUAL FACILITIES FROM, UH, ALL DEPARTMENT.

SO YOU'RE SAYING THAT HOUSING AND PLANNING IS NOT IN THAT GROUP.

WELL, UM, I THINK, UM, MANDY MENTIONED EARLIER THAT, UH, WE ARE, WE ARE TALKING AS A PART OF, UH, REDEVELOPING ONE TEXAS ONE TEXAS CENTER, FOR SURE.

AND WE, WE DO CERTAINLY DO INVOLVE HOUSING AND PLANNING AS A PART OF THE DISCUSSIONS WITH WHAT'S GOING TO GO ON AT ONE TEXAS CENTER.

NOW, IF YOU WANT TO TALK ABOUT WHAT, UM, YOU KNOW, I'M THINKING, I'M SPEAKING A LITTLE BIT BROADER ABOUT WHAT THE PROCESS LOOKS LIKE FOR, FOR ME AND MY TEAM, BUT ABSOLUTELY HOUSING PLANNING AS A PART OF ONE TEXAS VENDOR DISCUSSIONS AND ANDY, IF I COULD ADD.

UM, SO I THINK WHAT ANDY WAS TALKING ABOUT SPECIFICALLY WAS THE STRATEGIC GOVERNANCE.

HOPEFULLY I GOT THAT RIGHT.

STRATEGIC FACILITIES, GOVERNANCE COMMITTEE, I'M PROBABLY MESSING UP THE WORDS.

WE ALSO ARE PART OF AN INTERDEPARTMENTAL WORKING GROUP.

SO THIS IS REALLY THE IMPLEMENTATION TEAM, UM, FOR THE SOUTH CENTRAL WATERFRONT PLAN.

AND THAT INCLUDES HOUSING AND PLANNING AND TRANSPORTATION, OF COURSE, PROJECT CONNECT, AUSTIN, WATER PARKS, AND RECREATION, WATERSHED PROTECTION, DEVELOPMENT SERVICES, PUBLIC WORKS, SUSTAINABILITY BUILDING SERVICES, FINANCIAL SERVICES, AND LAW.

AND THEN OF COURSE, WE'VE GOT THE EIGHT NEW DC AUSTIN ECONOMIC DEVELOPMENT CORPORATION.

SO THESE CONVERSATIONS ARE REALLY ALL OVERLAPPING, UM, WHETHER IT'S SOUTH CENTRAL OR ONE TEXAS CENTER, BUT HOUSING AND PLANNING AND FINANCIAL SERVICES, UM, ARE IN CONSTANT CONVERSATION REGARDING ONE TEXAS CENTER SPECIFICALLY.

YEAH.

THANKS MANDY, FOR CLARIFYING, WOULD YOU, YOU MENTIONED PARKS AND REC.

SO IS THERE GOING TO BE A PARK ASSOCIATED WITH THE BUILDING OF THE AFFORDABLE HOUSING UNIT? SO THE AFFORDABLE HOUSING THAT WE ARE CONTEMPLATING RIGHT NOW IS STRICTLY THE, IT IS THE BUILDING ON THE SURFACE PARKING LOT.

THERE WILL NOT BE A SEPARATE WORK INCORPORATED PARK SPACE IN THAT OUR GOAL IS TO MAXIMIZE THE NUMBER OF AFFORDABLE UNITS THAT WE'RE ABLE TO AND DEEPLY AFFORDABLE THAT WE'RE ABLE TO GET ON THE SITE, RECOGNIZING THAT THERE ARE OTHER PARKS AND GREEN SPACE WITHIN PROXIMITY OF THE SITE.

THANK YOU.

ANYBODY ELSE IN THE ROOM HAVE QUESTIONS? OKAY.

I HAVE JUST A COUPLE OF MAYBE QUESTIONS, THE LAST CLARIFICATION.

SO, AND I THINK YOU GUYS WANT, YOU GENERALLY ANSWERED IT, BUT I DO WANT TO JUST MAKE SURE THAT WE, UH, FOR THE RECORD HAVE A CLARIFICATION OF THIS.

SO, UM, OH, AND FIRST OF ALL, THANK YOU VERY MUCH FOR THE PRESENTATION AND THANK YOU, MANDY, FOR, FOR THE DISCUSSION.

UM, YOU KNOW, WE, WE USE THE TERM ONE TEXAS CENTER, AT LEAST US, THIS GROUP IN THE, THIS, THIS BOARD, WE USED ONE TEXAS CENTER, JUST KIND OF AS THAT AREA OVER THERE, YOU KNOW, THE AREA THAT, THE LAND THAT THE CITY OWNS, BUT WHAT I'M HEARING AND CONFIRM, I'M ASKING FOR CONFIRMATION HERE.

IT SOUNDS LIKE WHEN, FOR THE PURPOSES OF THE DISCUSSION OF AFFORDABLE HOUSING, SPECIFICALLY WHEN WE USE ONE TEXAS CENTER, WE'RE BREAKING IT OUT AS THE SURFACE PARKING LOT IS, IS CURRENTLY BEING EVALUATED.

AND I WOULD SAY, HAS BEEN DESIGNATED, UH, FOR ANY AFFORDABLE HOUSING THAT GETS BUILT IN THE DISTRICT AND THEN THE, UH, PARKING STRUCTURE AND THE CURRENT BUILDING THAT IS ONE TEXAS CENTER ITSELF THAT IS SEPARATE AND APART FROM ANY SORT OF AFFORDABLE HOUSING DISCUSSIONS OR, AND BETTER SAID ANY SORT OF, UH, WELL, YEAH, ANY SORT OF AFFORDABLE HOUSING DISCUSSIONS, IS THAT, IS THAT CORRECT? IS MY UNDERSTANDING CORRECT? I WOULD SAY THAT, UM, THAT

[00:35:01]

IS WHAT WE'RE, WE'RE CONSIDERING AT THE MOMENT AT THE SAME TIME, AS WE LOOK AT WHAT OUR FACILITY NEEDS ARE THE FOOTPRINT FOR THE OFFICE BUILDING CAN CHANGE.

AND SO, UM, YOU KNOW, WE ARE, WE'RE IN A HOLDING PATTERN, ESSENTIALLY CHAIR UNTIL WE, WE DETERMINED EXACTLY WHAT, UM, WHAT KIND OF SPACE WE NEED.

AND I DON'T WANT TO PUT YOU ON THE SPOT, BUT WHEN YOU SAY THE FOOTPRINT WOULD CHANGE, DOES THAT MEAN THAT POTENTIALLY WE MIGHT NOT HAVE THE SURFACE PARKING LOT AVAILABLE FOR AFFORDABLE HOUSING AS WELL.

IN OTHER WORDS, WE COULD GET MORE OFFICE SPACE ON THE SURFACE PARKING LOT, AND THAT WOULD, AND THAT WOULD BE TAKEN OUT OF THE EQUATION FOR THE AFFORDABLE HOUSING ASPECT OF THINGS FOR OUR, FOR OUR AFFORDABLE HOUSING GOAL OF THE SOUTH CENTRAL WATERFRONT.

I WOULD SAY THAT IF ANYTHING CHANGES, IT'LL BE RE AS I WAS MENTIONING WHERE WE'RE LOOKING AT POTENTIALLY SHRINKING OUR OFFICE NEEDS.

AND SO, UH, WE WILL BE REEVALUATING, UM, THE, THE TWO TOWERS AND HOW MUCH OF THAT SPACE IS REQUIRED, OR WE'RE JUST FINDING THAT, YOU KNOW, WE'RE, WE'RE, WE'RE TRYING TO UNDERSTAND EXACTLY HOW MANY PEOPLE ARE COMING INTO THE OFFICES AND WHAT THAT, UH, WHAT THAT LOOKS LIKE AS WE MOVE FORWARD.

TOTALLY UNDERSTAND.

UH, IT'S REASSURING TO HEAR THAT IT MAY NOT BLEED INTO THAT TO THE SURFACE PARKING LOT OF ANYTHING, IT GETS SMALLER.

UM, AT LEAST THAT'S, THAT'S MY UNDERSTANDING.

AND THEN THE COMPREHENSIVE ASSESSMENT IS THAT JUST FOR, FOR OUR PURPOSES, IS THAT AVAILABLE ONLINE SOMEWHERE, THAT WHERE WE CAN REVIEW OR, AND FORGIVE MY IGNORANCE IF THAT HAS BEEN POSTED, AND I SHOULD HAVE ALREADY KNOWN WHERE THAT'S AT.

UH, THOSE THREE SLIDES WERE ALL THAT HAVE BEEN MADE PUBLIC AT THIS TIME.

AND THEY WERE, AS I MENTIONED, PRESENTED SOD AND FINANCE ARE THE LEGAL TEAM HAS REQUESTED THAT IT NOT BE MADE PUBLIC BECAUSE IT WOULD BE A PART OF A, A REAL ESTATE PROJECT.

AND THOSE ARE, UH, THOSE ARE SENSITIVE.

UM, SO THAT'S WHAT OUR LEGAL TEAM HAS TOLD US.

TOTALLY UNDERSTAND.

TOTALLY UNDERSTAND.

I GET, I GET THE IMPORTANCE OF KEEPING, UH, KEEPING THE CITY'S CARDS WHEN IT COMES TO REAL ESTATE TRANSACTIONS.

YOU KNOW, SO IT'S A TOUGH WORLD OUT THERE IN THE REAL ESTATE WORLD THESE DAYS IN AUSTIN, AS WE ALL KNOW, EVEN TO BUY A SINGLE FAMILY HOME.

SO, UM, I, I WOULD, I WOULD JUST SAY THAT TO THE EXTENT THAT THAT PORTIONS OF THAT REPORT CAN BE MADE PUBLIC FOR PURPOSES OF MAYBE LIKE PROGRAMMING OR THINGS OF THAT NATURE, NOTHING THAT'S TOO, TOO SENSITIVE.

IT'D BE GREAT FOR US TO BETTER UNDERSTAND THE THOUGHT PROCESS OF WHAT'S GOING ON THERE, ONE TEXAS CENTER.

UM, AND THEN THE OTHER QUESTION I HAD IS FOR MANDY, UM, YOU MENTIONED THAT ONE OF THE, ONE OF THE, UH, ONE OF THE FACTORS YOU'RE LOOKING INTO TO SEE ABOUT AFFORDABLE HOUSING ARE THE FINANCING MECHANISMS, YOU KNOW, OR THE MECHANISM OF FINANCE.

CAN YOU ELABORATE ON THAT? AND I'LL BE MORE SPECIFIC WITH MY QUESTION.

UM, YOU KNOW, AS WE'RE LOOKING AT, UM, POTENTIAL FUNDING SOURCES FOR THE SOUTH CENTRAL WATERFRONT, AS YOU KNOW, WE'RE LOOKING AT POTENTIAL FOR A TIFF OR A TERRORIST COUNCIL HAS BEEN LOOKING INTO THOSE THINGS, WHAT ARE THE DIFFERENT FUNDING MECHANISMS AND OPTIONS THAT YOU GUYS ARE LOOKING AT FOR, FOR AFFORDABLE HOUSING THERE AT ONE TEXAS CENTER, THE PARKING LOT OF ONE TEXAS CENTER, OUR PRIMARY, UM, FINANCING PROGRAM FOR AFFORDABLE HOUSING.

UM, AND THIS IS NOT JUST IN THE CITY OF AUSTIN.

THIS IS ACROSS THE COUNTRY, IS THE LOW-INCOME HOUSING TAX CREDIT PROGRAM OR LYTEC PROGRAM.

IT'S BEEN AROUND SINCE 1986.

IT'S ACTUALLY ADMINISTERED BY THE I R S SO IT IS A TAX CREDIT PROGRAM.

IF THEY PUBLIC PRIVATE PROGRAM WHEREBY PRIVATE DEVELOPERS, UM, ACCESS TAX CREDITS, ONE FOR ONE CREDITS FOR ESSENTIALLY INVESTING IN AFFORDABLE HOUSING.

I DON'T WANT TO GET INTO THE WEEDS, BUT IT IS ADMINISTERED BY THE STATE, WHICH IS THE STATE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS.

UM, WE AT THE CITY OF AUSTIN PROVIDE GAP FINANCING FOR A VARIETY OF AFFORDABLE HOUSING DEVELOPMENTS.

UM, RANGING FROM SMALL, WE'VE WORKED WITH SMALL COMMUNITY-BASED NONPROFITS THAT ARE DEVELOPING SMALL PROJECTS.

IT COULD BE A SINGLE-FAMILY HOME.

IT COULD BE AN ACCESSORY DWELLING UNIT COULD BE A SMALL APARTMENT COMPLEX, BUT THE PRIMARY SOURCE OF HOW WE GET OUR AFFORDABLE HOUSING UNITS IS THROUGH THE LIGHT TECH PROGRAM.

SO IT CHANGES FROM YEAR TO YEAR, SLIGHTLY NOT, BUT NOT THAT THE BASICS OF THE PROGRAM, BUT IT DOES CHANGE THE PRIORITIES CHANGE YEAR TO YEAR.

UM, THERE ARE TWO DIFFERENT PROGRAMS. ONE IS A COMPETITIVE PROGRAM, WHICH IS, UM, OFFERED ON A REGIONAL BASIS.

WE'RE IN THE MIDST OF THAT COMPETITION RIGHT NOW.

UM, THOSE PROJECTS TEND TO BE A LITTLE SMALLER AND IT'S BECAUSE OF THE AMOUNT OF EQUITY THAT HELPERS CAN DRAW, UM, FROM THROUGH THE COMPETITIVE PROGRAM, THE

[00:40:01]

NON-COMPETITIVE, WHICH IS A BIT OF A MISNOMER, BUT THE NON-COMPETITIVE PROGRAM BRINGS IN LESS EQUITY TAKE ON MORE DEBT.

THERE ARE A LOT OF FINANCING COSTS.

IT TENDS TO PENCIL OUT BETTER AS A SLIGHTLY LARGER PROJECT.

SO WE SEE OUR COMPETITIVE TAX CREDIT PROJECTS SOMEWHERE AROUND A HUNDRED UNITS.

WE SEE OUR NON-COMPETITIVE PROJECTS DEPENDING ON WHETHER THEY ARE SOMEWHERE AROUND 160 UNITS ON AVERAGE.

I MEAN, THAT'S REALLY A BROAD BRUSH.

UM, SO I SAY ALL OF THAT BECAUSE, OR A PROJECT, UM, OF THIS IMPORTANCE SCOPE, BUT PATIENT MY GUESS IS RIGHT NOW THAT WE WOULD BE, UM, LOOKING AT A SOLICITATION FOR A DEVELOPER WHO WOULD BE FOCUSED ON DEVELOPING, UTILIZING THE TAX CREDIT PROGRAM.

MY GUESS IS THAT'S ONE OF THE REASONS WE KIND OF LANDED, UH, IN THAT HUNDRED AND 40 PLUS OR MINUS UNIT, UM, REALM.

UM, AND IT LENDS ITSELF WITH RESPECT TO THE SIZE OF THE SURFACE PARKING LOT.

AND AGAIN, AS ANDY SAID, YOU KNOW, WE'RE KIND OF IN THE PRELIMINARY STAGES AND THINGS ARE CHANGING EVERY DAY, BUT AT A MINIMUM, WE'RE LOOKING AT THE SURFACE PARKING LOT AND THAT SIZE LENDS ITSELF TO, UH, SOMETHING THAT IS IN THE HUNDRED AND 40 UNIT RANGE, THAT, THAT I'M HAPPY TO GO INTO MORE DETAIL.

IT MAY, UM, IT MAY NOT BE AS HELPFUL, BUT MY GUESS IS THAT'S THE FINANCING WE'RE GONNA USE, UM, SHOULD IN FACT, WITH ALMOST ANY OF OUR TAX CREDIT PROJECTS, WHICH ARE, UM, MEET OUR SMART HOUSING STANDARDS.

SO THE GREEN BUILT NEXT TO TRANSIT, UM, AND MAY PROVIDE ENHANCED ACCESSIBILITY.

THEY TYPICALLY PROVIDE ADDITIONAL FUNDING THAT FUNDING, UM, TYPICALLY, UH, ALTHOUGH THERE ARE MULTIPLE LAYERS IN THE CAPITAL STACK, BUT WE OFTEN PROVIDE GAP FINANCING FOR, UH, OUR TAX CREDITS, UH, DEVELOPERS WHO ARE BOTH NONPROFIT AND FOR-PROFIT.

UM, AND THAT COMES THROUGH A VARIETY OF SOURCES THAT OUR DEPARTMENT ADMINISTERS.

THOSE INCLUDE GENERAL OBLIGATION BONDS FOR AFFORDABLE HOUSING.

WE'RE CURRENTLY SPENDING DOWN OUR 2018, A PORTABLE HOUSING BONDS.

UH, IT ALSO INCLUDES OUR FEDERAL DOLLARS.

UH, WE DO HAVE FUNDS THROUGH VARIETY RECEIPT, BLOCK GRANTS FROM THE FEDERAL GOVERNMENT AND THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

AND THEN WE HAVE LOCAL FUNDS AS WELL, AND LOCAL FUNDS THAT WE ADMINISTER, UM, OUR RANGE, SOME ARE GEOGRAPHIC SPECIFIC.

UH, WE ADMINISTERED THE PLAZA SALTY, OH, TODD, WHERE WE COLLECT FEE IN LIEU FROM DEVELOPERS.

AND WE INVEST THOSE FUNDS IN A VERY SPECIFIC GEOGRAPHY.

UH, THAT'S ONE EXAMPLE.

UM, WE HAVE DOWNTOWN DENSITY BONUS FEE AND LU THAT WE COLLECT AND IS UTILIZED FOR A VERY SPECIFIC ACTIVITY, NOT NECESSARILY GEOGRAPHY BUT ACTIVITY.

UM, SO WE HAVE A VARIETY OF OTHER LOCAL FUNDS AND A HOUSING TRUST FUND AS WELL, UM, THAT CAN BE SPENT THROUGHOUT THE CITY.

SO SOME ARE GEOGRAPHIC RESTRICTED, SOME FUNDS ARE, UM, UH, RESTRICTED BASED ON ACTIVITY AND SOME ARE LESS RESTRICTED UNDERSTOOD.

AND SO, SO THROUGHOUT THAT, THERE WAS A WONDERFUL THAT, THANK YOU.

THAT'S, THAT'S PROBABLY THE MOST INFORMATION WE'VE GOTTEN ON, ON, UH, FUNDING, AFFORDABLE HOUSING TO THIS BODY AND EVER, BUT SO THERE'S NO TALK WHATSOEVER OF OTHER FUNDING SOURCES TO INCLUDE ANYTHING LIKE THE POTENTIAL TIFF RETIRES THAT WOULD, THAT IS BEING CONTEMPLATED RIGHT NOW BY CITY COUNCIL.

SO RIGHT NOW WE DO ADMINISTER, WE HAVE ONE TOURIST FUND THAT WE ADMINISTERED.

IT IS THE HPD TERS, WHICH IS THE HOMESTEAD PRESERVATION DISTRICT.

IT'S A SPECIAL DESIGNATION THAT WAS CREATED BY THE STATE LEGISLATURE.

UH, IT IS EFFECTIVELY IT'S GEOGRAPHICALLY BOUND, EFFECTIVE EFFECTIVELY CENTRAL EAST AUSTIN.

UM, WE HAVE COLLECTED THUS FAR A LITTLE OVER $5 MILLION IN THAT JURORS WE HAVE YET TO DEPLOY ANY OF THOSE FUNDS YET.

WE ANTICIPATE, UH, SETTING THAT FUND UP FOR, UH, THIS FISCAL YEAR.

ACTUALLY, I JUST DID A PRESENTATION TO THE HOUSING AND PLANNING COMMITTEE OF CITY COUNCIL EARLIER TODAY.

UM, AND, AND THAT WAS ONE OF THE TOPICS OF INTEREST.

UH, BUT RIGHT NOW WE ARE, UH, WE ARE NOT, WE'RE NOT CONTEMPLATING, UM, UH, ANYTHING WITH RESPECT TO THE SOUTH CENTRAL WATERFRONT CHURCH IN THE SENSE OF THE FINANCIAL SERVICES DEPARTMENT VIEWS IS LEADING

[00:45:01]

THAT.

UM, AND I KNOW THERE'S MORE INFORMATION ON THE CHURCH, UH, FORTHCOMING UNDERSTOOD.

GOTCHA.

GOTCHA.

SO I GUESS IT'S THE OLD, THE OLD THEORY OF YOU CAN'T SPEND WHAT YOU DON'T HAVE, SO DON'T ASSUME YOU'RE GOING TO GET IT KIND OF A THING.

GOTCHA.

OKAY.

AWESOME.

I MEAN, THAT IS, THIS HAS BEEN A WONDERFUL ONE OF A PRESENTATION.

I DON'T HAVE ANY MORE QUESTIONS.

DOES ANYBODY ELSE HAVE ANY QUESTIONS, ANY FOLLOW ON QUESTIONS BASED ON THAT PRESENTATION OR BASED ON THE DISCUSSION? UM, OKAY.

IF NO OTHER FURTHER DISCUSSION, THANK YOU VERY MUCH.

UH, ANDY ANDREW AND MANDY, VERY, VERY INSIGHTFUL PRESENTATION.

AND, UM, WELL I GUESS ONE LAST ONE LAST, UH, FOLLOW ON, UH, THIS FOR ANDREW.

DO YOU KNOW, YOU SAID THAT THINGS ARE CHANGING, YOU KNOW, YOU HAD A PLAN AND NOW WE DON'T HAVE A PLAN.

THERE'S SOMETHING, SOMETHING NEW.

DO YOU HAVE A TIMELINE FOR WHEN YOU MIGHT BE ABLE TO BRING SOME MORE CLEAR AND A DISCUSSION AROUND THIS? WHEN CAN WE EXPECT TO HAVE MORE DETAIL? I WOULD SAY BY, UM, EARLY SUMMER, WE ARE, WE'RE GATHERING, WE'RE REACHING OUT TO ALL THE DEPARTMENTS THAT HAVE THEM GIVE US THEIR, UM, YOU KNOW, THEIR INDIVIDUAL, UH, TELEWORKING SCHEDULES FOR EACH OF THEIR EMPLOYEES.

SO IT'S GOING TO TAKE A LITTLE BIT TO, UM, TO GATHER ALL THAT AND THEN MAKE DECISIONS, UM, AND PRESENT, UH, THE CITY MANAGER'S TEAM TO DETERMINE WHERE WE GO.

SO I THINK, UM, YOU KNOW, MAY JUNE.

AWESOME.

THANK YOU VERY MUCH.

THAT'S MY HOPE ANYWAY, BUT, UM, CERTAINLY, YOU KNOW, KEEP IN TOUCH WITH MARGARET AND WE'LL, UM, LET YOU KNOW WHERE WE ARE FOR SURE.

PERFECT.

THANK YOU.

THANK YOU VERY MUCH.

THAT PRESENTATION AND MANDY, I BELIEVE YOU'RE STAYING ON, CORRECT FOR THE NEXT ITEM.

I AM HAPPY TO STAY.

OKAY, PERFECT.

THANK YOU VERY MUCH.

ALL RIGHT.

MOVING ON TO ITEM.

[2.b. Discussion and Possible Recommendations on FY2022-23 City Budget]

UH, WHAT DID I DO HERE? ITEM TWO B DISCUSSION POSSIBLE RECOMMENDATIONS ON FISCAL YEAR 20 22, 20 23 CITY BUDGET.

AND I APOLOGIZE FOR NOT HAVING A LITTLE MORE CONTEXT FOR THIS, BUT YOU'RE NOT SUPPOSED TO YET.

THIS IS JUST TO GIVE THIS BOARD A HEADS UP THAT THE BUDGET OFFICE RUNS ANNUALLY, A PROGRAM FOR ALL BOARDS AND COMMISSIONS, TO BE ABLE TO MAKE RECOMMENDATIONS AS A BODY FOR THE CITY'S BUDGET THAT THE CITY COUNCIL WILL THEN CONSIDER IN JULY.

HOWEVER, YOUR BOARD RECOMMENDATIONS, WHICH AGAIN, MUST BE DONE AS A COLLECTIVE BODY ARE BY THE END OF NEXT MONTH.

SO WE PUT THIS ON TODAY'S AGENDA JUST TO GIVE YOU ALL A HEADS UP THAT AT NEXT MONTH, WE'LL HAVE A DISCUSSION AND AN ITEM, IF THERE'S ANY SPECIFIC BUDGET ITEMS THAT THIS BOARD WOULD WANT TO RECOMMEND TO COUNCIL TO INCLUDE IN NEXT YEAR'S FISCAL BUDGET.

AND WITH THAT COMES, UH, THE ELECTION OF ONE AND ANOTHER BACKUP OF A BOARD MEMBER TO ENTER THOSE RECOMMENDATIONS INTO A PORTAL THAT THE BUDGET OFFICE RUNS.

SO THIS IS WHERE THE COMMISSIONERS WOULD ENTER THE COLLECTIVE DECISIONS.

SO IT'S REALLY FOR, TO GIVE YOU GUYS A HEADS UP A COUPLE OF WEEKS TO BE THINKING ABOUT, IS THERE ANYTHING YOU WANT TO SPECIFICALLY RECOMMEND TO COUNCIL TO FUND DEFUND OR PRIORITIZE, UM, COMING UP IN THOUGH IN THE WATERFRONT PLAN, COULD WE GET BEFOREHAND THE BUDGET THAT'S ALREADY EXISTING, THE PROPOSAL, UH, THAT PROPOSAL THEY'RE COLLECTING IT.

I CAN GIVE YOU THE EXISTING BUDGET AND LINKS TO THE EXISTING BUDGET.

THAT WOULD BE HELPFUL BECAUSE THEY'RE PUTTING TOGETHER THE PROPOSALS.

THIS IS A WAY FOR THEM TO HAVE THE BOARDS AND COMMISSIONS.

I THINK IT'S OVER 70, BE ABLE TO MAKE THEIR RECOMMENDATIONS AS WELL, INDEPENDENTLY FOR COUNCIL CONSIDERATION.

AND IF I REMEMBER CORRECTLY FROM YEARS PAST, I THINK, UH, I REMEMBER THERE WAS A SYSTEM WE HAD TO INPUT THESE THINGS INTO, BUT THERE WAS KIND OF A F I'M GONNA SAY, ISN'T THERE LIKE A FRAMEWORK OF KIND OF WHERE THE BUDGET RECOMMENDATIONS LIE, OR MY OFFICE HERE IN OUR BRIEFING.

AND I APOLOGIZE RIGHTS YOU'RE WITH ECONOMIC DEVELOPMENT.

SO THIS IS OUR FIRST YEAR WITH THIS BOARD.

UM, BUT WHEN WE WALKED THROUGH THE, THE BUDGET PRESENTATION, I CAN CERTAINLY GIVE YOU THE, THE FIELDS THAT NEED TO BE ENTERED.

IT'S JUST A TOPIC.

SO IT WOULD SAY, UM, TRANSPORTATION, BIKE LANES WITHIN, AND THEN A COMMENT ON WHAT WAS THE RECOMMENDATION AND WHY THAT MAY BE WHAT I'M THINKING OF.

AND SO THERE'S A GENERAL FORMAT THAT WE CAN CERTAINLY SHARE WITH FOLKS.

AND AGAIN, I'M JUST REMINDING COMMISSIONERS, WE SEND THESE TO YOUR BNC, YOUR BOARDING COMMISSION EMAIL ACCOUNT.

SO PLEASE TRY TO CHECK THOSE REGULARLY, AT LEAST WEEKLY, IF NOT TWICE A WEEK.

AND WE'LL SEND THOSE LINKS OUT TO WHAT IT IS, BUT IT'D BE BEST TO HAVE, UM, IN ORDER TO AVOID A QUORUM ISSUE, WE'D NEED ONLY ONE OR TWO PEOPLE DESIGNATED BY THIS BODY TO BE ABLE TO ENTER INTO THAT.

OKAY, PERFECT.

UM, I NOTICED YOU'RE GOING TO SAY SOMETHING, BUT I JUST HAVE ONE FOLLOW-UP, UH, COMMENT, UH, IF I REMEMBER CORRECTLY, YES.

I THINK, I DON'T KNOW

[00:50:01]

IF IT WAS LAST YEAR, THE YEAR BEFORE THAT, BUT WE HAVE MADE SOME BUDGET RECOMMENDATIONS IN THE PAST JUST TO GIVE US SOME CONTEXT FOR THE KIND OF THINGS THAT WE RECOMMENDED.

UM, AND I BELIEVE IF I'M NOT MISTAKEN, THE TWO THAT WE, THAT I REMEMBER MAKING WERE ONE WAS, YOU KNOW, UH, SETTING ASIDE SOME BUDGET OR ADDING BUDGET FOR MORE STAFF FOR THE SOUTH CENTRAL WATERFRONT SPECIFICALLY.

AND THAT'S WHEN THEY WERE IN, IN THE PLANNING DEPARTMENT.

UM, AND THEN SOMETHING ELSE WE WERE ASKED FOR WAS, UM, UH, RECOMMENDED TO COUNCIL WAS SOME BUDGET FOR EXTERNAL CONSULTANTS TO BE ABLE TO PERFORM MORE, UM, ANALYSIS AND WHATNOT ON, ON THE DISTRICT AND THINGS THAT STAFF WAS STAFF, WHAT MIGHT NEED TO HELP THE PLAN MOVE FORWARD.

SO JUST TO GIVE YOU SOME CONTEXT FOR THE SORTS OF THINGS THAT WE WOULD WE'D, WE'D BE LOOKING AT, OR WE SHOULD BE LOOKING AT BETTER, AND I'M MORE THAN HAPPY, AARON, AND I CAN GO BACK THROUGH THE RECORDS AND SEE WHAT THE BUDGET RECOMMENDATIONS WERE IN THE PAST AND PUT THOSE IN THE EMAIL.

SO Y'ALL HAVE SOME CONTEXT FOR WHAT THE BOARD HAS DONE IN THE PAST, BUT WE JUST WANTED TO PUT ON TONIGHT'S AGENDA, NOT FOR ACTION, BUT JUST TO INTRODUCE IT AS A NEW ITEM, AND IT WILL BE AN ACTION ITEM NEXT MONTH.

I WILL SAY WE CAN CONTINUE TO HAVE THIS DISCUSSION IN MONTHS FORWARD.

HOWEVER, IT WILL NOT BE INCLUDED IN THE FORMAL BUDGET THAT GOES THROUGH THAT DEADLINE IS AT THE END OF MARCH, MARCH 31ST, ANY INFORMATION THEY'D RECEIVE AFTER MARCH 31ST, WE'LL DO OUR BEST AS STAFF TO GET AN ANSWER TO THE BOARD, BUT IT WOULD NOT BE INCLUDED IN THE COUNCIL'S FORMAL RECOMMENDATIONS.

WHAT DOES THAT OFFICIAL DEADLINE FOR US TO GET OUR INFORMATION TO YOU? UH, END OF MARCH, END OF MARCH, YOU HAVE TO ACT AS A BODY TO DO IT.

SO BY NEXT MONTH'S MEETING BY NEXT MONTH'S MEETING, IT WOULD BE SOMETHING WE'D HAVE A DISCUSSION ITEM ON.

UM, I'M WONDERING IF WE SHOULD GET THAT INFORMATION AHEAD OF TIME.

IF THERE'S SOME WAY WE COULD HAVE MAYBE, UH, AN APPOINTED SUBCOMMITTEE TO DO SOME WORK ON IT IN ADVANCE, BECAUSE IN MY EXPERIENCE PREVIOUSLY WORKING ON A BOARD WHEN YOU'RE HANDED THE BUDGET, YOU DON'T HAVE THE WHEREWITHAL TO THINK ABOUT IT IN ADVANCE.

AND I THINK THAT IF WE ONLY HAVE A MONTH THAT MAY BE GETTING THAT INFORMATION RIGHT AWAY AND MAYBE APPOINTING A WORKING GROUP TO WORK, TO, TO GET TOGETHER AND CONSIDER YEAH, THAT'S, UH, I WAS THINKING ABOUT THAT AS WELL.

THANK YOU VERY MUCH.

THAT'S A GOOD SUGGESTION.

I PERSONALLY DON'T HAVE THE BANDWIDTH TO BE ON THE WORKING GROUP, BUT ANYBODY THAT DOES, UM, WE CAN, WE CAN PUT THE WORKING GROUP TOGETHER AT THIS MEETING AND THEN LET PEOPLE JOIN IN.

UM, BUT I DO THINK THAT'S A GREAT SUGGESTION, BUT AT BARE MINIMUM, THOUGH, WHAT I'M HEARING IS, UM, A WEEK BEFORE OUR NEXT MEETING, WHENEVER THAT MAY BE, AND I DON'T HAVE THE CALENDAR MEMORIZED, BUT AT LEAST A WEEK BEFORE OUR NEXT MEETING, ANY SUGGESTIONS THAT WE HAVE, UM, OR ANYBODY ON THE BOARD HAS FOR BUDGET ITEMS NEEDS TO NEED TO BE SENT TO AARON AND MARGARET, UH, FOR RECOMMENDATION AT OUR OFFICIAL MEETING OF THE FOLLOWING MEETING.

AND THIS IS MARGARET I'D LIKE TO ADD A FOLLOW UP QUESTION.

SO COMMISSIONER, WHEN YOU WERE ASKING FOR A COPY OF THE BUDGET, DO YOU MEAN THE CITY'S BUDGET OR THAT WOULD BE HELPFUL TO PUT THINGS IN PERSPECTIVE WHAT'S ALREADY THERE.

SO LIKE WE DON'T HAVE ANYTHING IN FRONT OF US RIGHT NOW, AND THEN WE'RE SUPPOSED TO WALK IN NEXT MEETING AND SAY, HEY, HERE'S WHAT WE THINK WE SHOULD DO.

BUT WHAT I'M ASKING FOR IS SOME GENERAL INFORMATION ABOUT WHAT'S ALREADY BEING PUT INTO THE SOUTH CENTRAL WATERFRONT, AND THEN MAYBE WE COULD HAVE SOME PEOPLE TO DISCUSS, TO BOUNCE AROUND SOME IDEAS ON A WORKING GROUP.

WHAT SORT OF THINGS GIVEN OUR DISCUSSIONS ALL YEAR LONG, WHAT SORT OF THINGS WE MIGHT WANT TO BRING UP TO THE FULL BOARD NEXT MONTH, BUT WE WOULD NEED A LITTLE BIT OF BACKGROUND INFORMATION.

WHAT DID WE PREVIOUSLY, FOR EXAMPLE, WHAT DID WE PREVIOUSLY RECOMMEND LAST YEAR? AND ALSO MAYBE WHAT THE CITY BUDGET LOOKS LIKE AT THE MOMENT.

I KNOW THAT IT'S ALREADY BEEN A DRAFT HAS BEEN FLOATED SOMEPLACE.

AND SO I'M JUST WONDERING IF WE COULD SEE WHAT'S ALREADY OUT THERE SO THAT WE CAN SEE WHAT MIGHT NEED TO BE ADDED ON FROM OUR EXPERIENCE ON THIS BOARD.

THANK YOU.

AWESOME.

OKAY.

UM, OKAY.

MOVING ON TO ITEM THREE A IF I MAY, YES.

JUST YEAH.

REAL QUICK POINT OF CLARIFICATION.

SO YOU HAD MENTIONED THE WORKING GROUP, DID EMOTION NEED TO BE MADE TO CREATE THAT WORKING GROUP? UH, I THINK AS FAR AS, SO I WAS GOING TO, WE CAN DO THAT NOW.

I WAS GOING TO WAIT UNTIL ITEM FOUR A, WHICH IS WORKING GROUP UPDATES AND ASSIGNMENTS FROM CHAIR.

I FIGURED WE COULD DO IT THEN, BUT IF WE WANT TO DO IT NOW, HAPPY TO ENTERTAIN THAT.

NOW I THINK I'M WITH AARON.

WE HAVE TO DO THAT NOW BECAUSE THIS WORKING GROUP DOESN'T EXIST.

THAT THE ONE LATER ON THE AGENDA IS FOR EXISTING WORKING GROUPS TO GIVE THEIR UPDATE.

MAYBE SINCE WE HAVE A FINANCE AND GOVERNANCE WORKING GROUP, WE COULD JUST ASSIGN IT TO THE FINANCE AND GOVERNANCE WORKING GROUP.

I LIKE THAT.

ALL RIGHT.

GOOD, GOOD, GOOD, COOL.

ALL RIGHT.

YEAH, WE'LL DO THAT.

WHEN IT, WHEN A TIME COMES, WE'LL ACTUALLY, WELL, WE'LL ASSIGN THIS SUBCOMMITTEE, THIS, THIS TASK TO THE FINANCE AND GOVERNANCE WORKING GROUP, I WILL GET YOU AT, YOU KNOW, SO TRUTH BE TOLD BAR MEMBERSHIP HAS CHANGED AND WE, UM, I'M SURE WE DON'T HAVE, UH, NEW MEMBERS ASSIGNED TO CERTAIN COMMITTEES.

UM, I'LL GET WITH EVERYBODY OR THESE, THOSE NEW MEMBERS INDIVIDUALLY TO SEE WHERE YOU MIGHT WANT TO FIT IN.

UM, I KNOW MY MYSELF, I'M ON THE FINANCE, WORKING GOVERNANCE, FINANCE AND GOVERNANCE COMMITTEE.

[00:55:01]

I DON'T REMEMBER WHO ELSE IS.

UH, WE HAVE THAT SOMEWHERE.

I'LL GET THAT INFORMATION TO ERIN AND, UH, WELL, AARON WE'LL CONTACT HER VIA EMAIL TO SEE WHO GETS ON THAT GROUP.

UM, OKAY.

ITEM

[3.a. Questions from Community Development Commission (CDC) on Achieving of South Central Waterfront Affordable Housing Goals ]

THREE, A OLD BUSINESS, UM, QUESTIONS FROM THE COMMUNITY DEVELOPMENT COMMISSION ON ACHIEVING OF SOUTH CENTRAL WATERFRONT AFFORDABLE HOUSING GOALS.

AND JUST TO GIVE SOME HISTORY AND CONTEXT HERE FOR THIS PARTICULAR ITEM, UM, I BELIEVE IT WAS ALSO AT OUR OCTOBER 18TH, 2021 MEETING, UM, OUR, OUR, UH, COMMUNITY DEVELOPMENT COMMISSION, UM, LIAISON, KAREN POP, UH, UH, BROUGHT SOME QUESTIONS TO, TO THE BOARD THAT, UM, SHE BROUGHT TO, I BELIEVE TWO THINGS.

ONE WAS A RECOMMENDATION FROM THE CDC, UM, TO COUNCIL REGARDING, UH, ACHIEVING OF THE ONE REGARDING AFFORDABLE HOUSING IN THE SOUTH CENTRAL WATERFRONT AND THE OTHERS.

THE OTHER WAS, UM, WAS QUESTIONS JUST IN GENERAL FOR THIS BODY TO RECOMMEND OR RAY'S BODY TO TAKE UP, BUT ALSO JUST QUESTIONS OF STAFF, UH, CAUSE YOU KNOW, WE, WE NEEDED, STAFF'S HELP UNDERSTANDING SOME OF THESE THINGS.

SO THAT BEING SAID, UM, I'M GOING TO LET KAREN, UM, MAYBE GO OVER SOME OF THE QUESTIONS SHE HAD AND WE, THANKFULLY WE HAVE MANDY TO MIO HERE TO GIVE SOME CONTEXT IN ANY POTENTIAL ANSWERS THAT SHE CAN POSSIBLY PROVIDE RIGHT NOW.

BUT WE UNDERSTAND THAT THIS, THAT, YOU KNOW, THESE ARE, UH, YOU'RE, YOU'RE DOING THIS BECAUSE YOU'RE HERE AND WE'RE KILLING TWO BIRDS WITH ONE STONE HERE HAVING YOU AND YOUR TIME HERE.

UM, SO KAREN, IF YOU WANT TO, UH, LET ME ONE MORE THING.

SO THIS VERSION OF THE QUESTIONS, IF I'M NOT MISTAKEN, THESE ARE NOT STAFF'S RESPONSES.

THESE ARE RESPONSES THAT WERE PUT FORWARD BY CDC AND KAREN, CORRECT.

KAREN, CORRECT ME IF I'M WRONG.

RIGHT.

THE BOLD FACE, UH, TYPE IS THE QUESTION AND THE TYPE FOLLOWING IT IS BACKGROUND INFORMATION ABOUT THE QUESTION KIND OF CLARIFYING WHAT THE QUESTIONS ABOUT.

OKAY.

I JUST DIDN'T WANT ANYBODY TO THINK FOR, THANKS FOR THE CLARIFICATION.

I DIDN'T WANT ANYBODY TO THINK THAT THIS IS STAFF'S RESPONSE.

THIS IS OKAY.

AND MANDY, HAVE YOU HAD A CHANCE TO REVIEW SOME OF THESE QUESTIONS AND APOLOGIES? I PULLED IT UP RIGHT NOW.

SO I'VE HAD, UM, A FEW SECONDS TO REVIEW.

I AM HAPPY TO DIG INTO ANY AND DEFER ANY THAT I CAN'T ANSWER.

SO DO YOU WANT ME TO GO THROUGH THE QUESTIONS ONE BY ONE? IS THAT THE BEST APPROACH? THAT SEEMS LIKE THE MOST DIRECT APPROACH? UM, AND I THINK MINE ALIGNS, UH, REGARDING PROJECTIONS FOR THE TOUR'S FUNDS TO COVER AFFORDABILITY.

WE'RE JUST NOT THERE YET.

UM, KIM ALVEREZ WHO'S OUR DEPUTY CFO, UM, IS, IS EXPLORING, DIGGING INTO THAT PROJECTED TURA RESPONSE.

UM, WE DON'T KNOW AT THIS POINT, THE SPECIFIC, WE DON'T KNOW THE FUNDS THAT WILL BE GENERATED, HOW THEY WOULD BE UTILIZED TO FUND THE GAP.

IT'S JUST TOO PREMATURE.

AND I WOULDN'T EVEN VENTURE TO GUESS AT THIS POINT.

SO I WISH I COULD BE MORE HELPFUL ON THAT ONE, BUT RIGHT OUT OF THE GATE, UM, I'VE GOT TO SAY THAT THAT IS INFORMATION THAT IS FORTHCOMING.

UM, THE SECOND QUESTION IS RELATED TO THE V OVERLAY AND I KNOW WE HAVE DISCUSSED THIS INTERNALLY, UM, AS STAFF, BUT I SHOULD SAY THAT IF A PROPERTY IS NOT JUST PAINTING IN THE SOUTH CENTRAL WATERFRONT OVERLAY, UM, IT WOULD ADD IS PARTICIPATING IN THE V.

SO THE V PER VERTICAL MIXED USE, IT WOULD BE EXPECTED TO PROVIDE THE AFFORDABILITY WITH NO SUBSIDY.

THERE WOULD, THERE WOULD BE NO DIFFERENCE, UM, BETWEEN THAT ANTICIPATED PARTICIPATION IN THE WII.

SO THE AFFORDABILITY THAT WOULD BE REQUIRED, NO SUBSIDY, THERE WOULD BE NO ADDITIONAL SUBSIDY PROVIDED.

UM, BUT IN THE AREA THAT IS BOTH, BOTH HAS A V OVERLAY AND IS PART OF THE DISTRICT.

THERE MIGHT BE A POSSIBILITY TO SUBSIDIZE AS OPPOSED TO REQUIRING IN ORDER TO GET THE CREDITOR ENTITLEMENTS REQUIRING CERTAIN AFFORDABILITY.

SO IF IT WERE JUST VERTICAL MIXED USE, THEN THAT IS WHAT IS ANTICIPATED TO BE PROVIDED.

IF

[01:00:01]

IT IS IN FACT OPTING IN TO THE SOUTH SUN, PARTICIPATING IN THE SOUTH CENTRAL WATERFRONT OVERLAY, WE'RE STILL LOOKING AT THAT WHAT TYPE ABOVE AND BEYOND, UM, AND ANY TYPE OF SUBSIDY THAT WOULD BE REQUIRED IN ORDER FOR IT TO, UM, ACHIEVE ITS AFFORDABILITY REQUIREMENTS.

WELL, THE AFFORDABILITY REQUIREMENTS ARE MORE THAN THE V OVERLAY PROVIDES.

THE B OVERLAY PROVIDES 10% AND THE GOAL IS 20.

SO I, I SEE THAT THERE'S A GAP THERE ON REACHING THE OTHER, BUT I WANT TO BE CLEAR THAT WE DIDN'T SORT OF IN OPTING INTO DISTRICT OPT OUT OF WHAT WE WOULD GET WITH THE V OVERLAY.

AND OUR GOAL IS TO NEVER LEAVE ANYTHING ON THE TABLE.

IF IN FACT IT IS MORE BENEFICIAL, THE 10% FOR THE VERTICAL MIXED USE, THAT IS THE ANTICIPATED CONTRIBUTION TOWARD AFFORDABLE HOUSING, BUT WE ARE STILL EXPLORING THAT AS PART OF CALIBRATION THAT IS ONGOING.

UM, AND SO, UH, WE ARE CURRENTLY LOOKING AT THOSE LEVELS OF AFFORDABILITY AND THE SET ASIDE REQUIREMENTS WE ARE TRYING TO, AS YOU KNOW, WE'RE TRYING TO GET AS CLOSE AS POSSIBLE TO THE 20% DISTRICT GOAL.

UM, BUT WE'RE ACHIEVING THAT THROUGH MULTIPLE DIFFERENT MECHANISMS. IT'S NOT ACROSS THE BOARD LIKE VERTICAL MIXED USE WHERE THAT IS THE PROGRAM, AND EVERYBODY IS DOING 10% AT 60% OR 80% DEPENDING ON PROGRAM.

UM, IT IS ON A PARCEL BY PARCEL BASIS.

UH, THE NEXT ONE IS KIND OF A PHILOSOPHICAL QUESTION THAT I CAN'T NECESSARILY ANSWER.

ARE WE GETTING THE RIGHT MIX OF INCENTIVES AND BENEFITS? UM, WE ARE CERTAINLY, UH, THAT'S ALWAYS OUR GOAL, UM, IN TERMS OF CALIBRATION AND MAKING SURE THAT WE INCENTIVIZE THE TYPE OF DEVELOPMENT WE WANT WITH THE COMMUNITY BENEFITS THAT WE WANT.

UM, BUT I CAN'T SPECIFICALLY SAY THAT WE ARE PERFECTLY GETTING THE RIGHT MIX OF INCENTIVE IN BED.

THAT IS OUR GOAL AS A CLEAN, CAN YOU BACK UP ON THAT ONE? JUST A MOMENT.

THERE'S A PART AT THE BOTTOM OF THAT QUESTION.

THAT'S A LITTLE MORE SPECIFIC.

THE SCW ADVISORY BOARD HAS NOT BEEN ABLE TO SEE ENOUGH OF THE MODEL TO DETERMINE IF IT'S SIMILAR DISCOUNTS, THE VALUE OF FCW INCENTIVES.

SO I'M ASKING, I'M CURIOUS ABOUT THAT.

SHE GOT, THERE'S SOME MORE SPECIFIC QUESTIONING IN THERE BESIDES JUST THE PHILOSOPHICAL BIT.

WE'RE HAPPY TO GET BACK TO YOU ON THAT PARTICULAR ITEM.

UM, I, I WAS NOT INVOLVED IN THE MODELING, UM, AND THE INCENTIVES, BUT WE'RE HAPPY TO GET BACK TO YOU AND GET BACK TO THE BOARD.

OKAY.

THANK YOU.

THAT WOULD BE HELPFUL.

UH, REGARDING KEN INCENTIVES AND SUBSIDIES BE MIXED, THEY CAN BE MIXED.

WE DON'T SEE A REASON WHY THEY CAN'T.

AND IN FACT, WE DO MIX INCENTIVE AND SUBSIDIES, UM, UH, IN OTHER PROGRAMS AND IN DIFFERENT PARTS OF THE CITY.

UM, OUR COMMITMENT IS TO ENSURE THAT OUR LAW DEPARTMENT HAS THE LEGAL DOCUMENTS GOVERNING THOSE TWO, THAT WE CAN ALIGN THOSE TWO DIFFERENT THINGS, UM, BOTH INCENTIVES AND SUBSIDIES, BUT I WILL SAY WE MIX FOR OUR HOUSING DEVELOPMENT ASSISTANCE, UM, PROGRAMS WE MIX, UH, THOSE WITH AFFORDABILITY UNLOCKED.

UM, AS AN EXAMPLE AT BELLMONT INCENTIVE PROGRAM, WHAT WE STRIVE TO DO IS ENSURE THAT THE LEGAL DOCUMENTS THAT ARE GOVERNING LOAN, AS WELL AS THE UNDERLYING AFFORDABILITY ARE ALIGNED.

SO THERE'S NO CONFLICT.

UM, AND SO IT'S CLEAR YEARS DOWN THE ROAD BECAUSE ALL OF OUR AFFORDABILITY IS LONG-TERM AFFORDABILITY.

SO WE WANT TO MAKE SURE THAT OUR LEGAL DOCUMENTS GOVERNING THE AFFORDABILITY, UM, IS CLEAR NOT JUST FOR US TODAY, BUT CLEAR 20 YEARS FROM NOW, 30 YEARS, 40 YEARS, UM, AS, UH, THE AFFORDABILITY CONTINUES, HOW CAN THE PLAN COMPLY? IS THIS THE NEXT ONE WITH A FAIR HOUSING? AND I BELIEVE THAT WAS A DEPRESSED WITH THE REGULATING PLAN, UM, INCLUDING 60% MFI MEDIAN, FAMILY INCOME FOR MENTAL HEALTH AND HOUSING AND 80% MFI OR OWNERSHIP HOUSING.

OH, SO THE, THE ACTION

[01:05:01]

THAT COUNCIL TOOK A COUPLE, UH, A FEW WEEKS AGO ON THE REGULATING PLAN COVERED THAT THAT IS MY UNDERSTANDING, BUT THAT IS ANOTHER ONE I WILL HAVE TO GET BACK TO YOU ABOUT HOPEFULLY GOOD NEWS.

I SEE SAM TEDFORD, JUST, I SEE HER PICTURE.

SO SHE MAY BE HERE TO CORRECT ME, CORRECT.

JUST I WASN'T SURE WHAT ACTION YOU ARE REFERRING TO BY COUNSEL REGARDING THE REGULATING PLAN, BUT AT THE VIVE, IT WAS OCTOBER 21 MEETING OF THE SOUTH CENTRAL WATERFRONT ADVISORY BOARD.

WE DID PRESENT THAT OUR INTENTION AS STAFF WAS TO BRING FORWARD A REGULATING PLAN WITH AFFORDABILITY LEVELS AT 60% MFI FOR RENTAL PROJECTS AND 80% MFI FOR OWNERSHIP PROJECTS.

UM, SO THAT HAS BEEN STAFF'S INTENTION BRING FOR THE REGULATING PLAN, BUT I, I DON'T KNOW IF THERE HAS BEEN ACTION ON THE REGULATING STATE.

WAS THERE A SPECIFIC MISSION OR POP, WAS THERE A SPECIFIC, UH, ACTION THAT YOU WERE REFERRING TO? WELL, THIS WAS WRITTEN BEFORE THAT COUNCIL ACTIONS, SO, AND, AND STAFF DID MENTION THAT THAT WAS STAFF'S INTENT, BUT WE HAVEN'T HEARD WHETHER THAT ACTUALLY HAPPENED OR NOT.

SO IF YOU CAN LET US KNOW THAT WOULD BE GOOD.

WE CAN PROVIDE A WRITTEN RESPONSE TO THAT SETTING ASIDE LAND IN THE DISTRICT TO MEET THE AFFORDABLE HOUSING GOAL.

UM, CURRENTLY MY UNDERSTANDING IS THE PRIMARY, UM, MECHANISM TO ACHIEVE THE AFFORDABLE HOUSING GOAL.

ONE OF THE MECHANISMS TO GET US TO THE 20% IS THE ONE TEXAS CENTER SITE THAT WE HAD PREVIOUSLY DISCUSSED.

UM, THERE IS NO PLAN PER SE FOR ACQUISITION OF ADDITIONAL LAND WITHIN THE SOUTH CENTRAL WATERFRONT.

UM, I'M READING THROUGH THIS NOW I WILL SAY, AND I'M HAPPY TO GO, UM, INTO DEBT WITH OUR, UM, LAND ACQUISITION STRATEGY RELATED TO, UM, TWO DIFFERENT THINGS.

ONE WITH OUR 2018 BONDS, WE HAVE A HUNDRED MILLION DOLLARS, OR WE WERE ALLOCATED A HUNDRED MILLION DOLLARS FOR LAND ACQUISITION, UM, AS A DEPARTMENT OR AUSTIN HEALTH AND FINANCE CORPORATION, WHICH IS IN THE AREA OF THE CITY OF AUSTIN.

UM, AND WE HAVE THUS FAR, UH, INVESTED ABOUT 80% OF THAT PURCHASING, UH, SITES IN SEVEN DIFFERENT CITY COUNCIL DISTRICTS, UH, OVER 50 ACRES THAT THEY CAN LAND AS WELL AS SOME THAT WE ARE GOING TO BE CONVERTING TO PERMANENT SUPPORTIVE HOUSING FOR PEOPLE EXPERIENCING HOMELESSNESS.

UM, WHAT, NONE OF THOSE SITES THAT I MENTIONED, UM, ARE WITHIN THE, UH, SOUTH CENTRAL WATERFRONT DISTRICT.

UM, I SHOULDN'T SAY THAT, BUT WE DO HAVE EXPERIENCE WITH ACQUIRING SITES FOR AFFORDABLE HOUSING, AND WE ARE COMMITTED TO THAT.

UM, FOR THE LONG-TERM WE ALSO DO HAVE FUNDS ANTI-DISPLACEMENT FUNDS, THE 300 MILLION, UM, IN ANTI-DISPLACEMENT FUNDING FOR PROJECT CONNECT, A PORTION OF THAT THIS HAS NOT BEEN DECIDED YET, BUT A PORTION OF THAT COULD BE USED FOR, UM, ACQUISITION, UH, AS WELL AS DEVELOPMENT OF AFFORDABLE HOUSING.

UM, AND THOSE FUNDS ARE DESIGNATED FOR CERTAIN GEOGRAPHIES WITHIN A MILE OF PROJECT CONNECT STATIONS, UM, UH, AND IN AREAS THAT ARE EXPERIENCING DIFFERENT LEVELS OF GENTRIFICATION.

UM, WE DID A PRESENTATION ON THAT TODAY AS WELL TO THE PLANNING COMMITTEE.

UM, BUT THERE ARE NO SPECIFIC PLANS RIGHT NOW FOR LAND ACQUISITION.

WE'VE BEEN THE SET CENTRAL WATER.

THE QUESTION ABOUT THAT, UM, THE S THE DEVELOPER, THE LATEST VERSION OF THE POD THAT WE SAW FROM THE APPLICANT, UM, WAS REQUESTING 1.5 MILLION ADDITIONAL SQUARE FEET OF OFFICE SPACE.

AND WE ARE HEARING FROM MR. MOORE, WHO SPOKE EARLIER ABOUT HOW WE ARE REEVALUATING, WHETHER THAT OFFICE SPACE IS REALLY NECESSARY, EVEN IN THE BUILDINGS THAT WE HAVE, AND WITH THE, WITH THE PANDEMIC, CHANGING THE WORK FROM HOME AND REMOTE POSSIBILITIES.

I'M WONDERING IF WE'VE CONSIDERED TALKING WITH THE DEVELOPERS, NEGOTIATING SOME OF THAT OFFICE SPACE THAT THEY WANT, IF THEY WANT TALLER BUILDINGS, PERHAPS SOME OF THAT COULD BE NEGOTIATED BECAUSE THIS AREA IS SO CENTRAL

[01:10:01]

AND A LOT OF THE WORKERS THAT NEED HOUSING NEED TO BE CENTRAL, AND THIS, THIS WOULD BE IDEAL LOCATION FOR SOME OF THAT AFFORDABLE HOUSING.

AND WE HAVE A LOT OF OFFICE SPACE THAT'S ABLE TO GO IN THERE POSSIBLY INSTEAD OF THE OFFICE SPACE.

HAVE WE TALKED ABOUT NEGOTIATING, WHETHER THAT COULD, SOME, SOME OF THAT COULD BECOME AFFORDABLE HOUSING.

SO I AM NOT, I SHOULD BE VERY CLEAR.

I'M NOT PART OF THE NEGOTIATING TEAM OR ANY OF THE PODS.

UM, AND, UH, NOR I, I, I DON'T HAVE THE INFORMATION TO RESPOND TO SPECIFIC QUESTIONS ABOUT A SPECIFIC PLANNED UNIT DEVELOPMENT, UM, THAT CAME BEFORE THIS BODY.

I THINK THAT, UM, IF WE ARE GOING TO HAVE FINN LOU HERE THEN THAT I THINK WE LOST MISSION OR A CO-OP, CAN YOU ALL HEAR ME? YES, WE CAN HEAR YOU.

SO IT'S NOT ME.

OKAY.

I'M HAPPY TO GO TO, UM, BECAUSE SHE DID MENTION FEE AND LOU, UM, AND HOW IT'S CALCULATED.

I DON'T KNOW IF THAT'S THE QUESTION SHE WAS GOING TO, WOULD YOU LIKE ME TO PROCEED OR WAIT FOR PERMISSION OR POP? UH, IT LOOKED LIKE SHE MIGHT'VE JOINED.

IF YOU CAN GIVE US 10 SECONDS TO FIGURE OUT IF SHE DID OR NOT, MARCUS WAS, WHERE DOES THAT WAS THAT YOU DRIVING THAT THE NOPE.

YOU GOT OUT OF THAT THUMPER.

OKAY.

UM, AND THEN OF TIME WE'LL CONTINUE.

AND IF KAREN COMES BACK ON, WE WILL CERTAINLY COME BACK TO, TO LET HER SPEAK, UM, GO AHEAD AND CONTINUE, MANDY.

UH, I WAS GOING TO RESPOND TO SOME OF THE QUESTIONS ABOUT THE POD REQUIREMENTS, UM, WHICH AS YOU ALL KNOW ARE ESTABLISHED IN CODE.

UM, BUT WE DO NEGOTIATE ON A CASE BY CASE BASIS, WHICH I THINK A PREVIOUS COMMISSIONER HAD MENTIONED, UM, AND EACH PUD APPLICATION IN TERMS OF DEMONSTRATING THEIR SUPERIORITY AND W WE COULD ADJUST THE SUPERIORITY REQUIREMENTS, BUT TO BE CLEAR, THAT WOULD REQUIRE AN AMENDMENT TO THE LAND DEVELOPMENT CODE.

AND I'M NOT SURE IF THIS IS WHAT THAT QUESTION IS GETTING TO, UM, IN TERMS OF INCREASING THE REQUIREMENTS AROUND AFFORDABILITY, UM, TIGHTENING UP THE SUPERIORITY REQUIREMENTS, BUT THAT WOULD REQUIRE AN AMENDMENT TO THE LAND DEVELOPMENT CODE, I GUESS, BY AN AMENDMENT OF THE LAND DEVELOPMENT CODE.

DO YOU MEAN JUST IN GENERAL, HOW PUDS, HOW PODS WORK, NOT SPECIFICALLY TO THE LANGUAGE OF, OF, UH, PERCENTAGE OF AFFORDABLE HOUSING TO ANY CHANGES MADE ANY CHANGES IN THE PUD REQUIREMENTS OR REGULATIONS WOULD REQUIRE THAT? YEAH.

OKAY.

THAT'S WANTING TO CLARIFY THAT.

UM, AND THIS IS WHERE, UH, THE COMMISSIONER IS TALKING ABOUT SUPERIORITY.

AND AGAIN, THAT WOULD BE, I CHANGED MY DEVELOPMENT, UM, IN TERMS OF THERE ARE TWO SUB-QUESTIONS.

ONE IS HOW WE CALCULATE THE FEE AND LOU, UM, WHICH MY UNDERSTANDING THUS FAR, WE HAVE ONLY CALCULATED 1:00 PM LOU, AND IT REALLY IS THE DIFFERENCE BETWEEN IN THAT CASE, IT WAS FOR OWNERSHIP.

AND IT'S THE DIFFERENCE BETWEEN TYPICALLY, UM, THE STAY AFFORDABLE SALES PRICE AND THE MARKET SALES PRICE.

BUT THAT DELTA IS, UM, IS HOW WE CALCULATE IT IS A BIT OF AN ART AND A SCIENCE, BECAUSE OF COURSE WE'RE CALCULATING SOMETHING THAT DOESN'T EXIST YET.

UM, AND AS ANTICIPATED TO BE DELIVERED FRANKLY YEARS DOWN THE ROAD.

UM, BUT IT IS, UH, UH, NOT UNUSUAL.

WE HAVE DONE THIS IN OTHER PODS, THE EXAMPLE AND STAFF PROVIDE AN EXAMPLE.

UH, ONE OF THE EXAMPLES IS THE GROW.

ONE OF THEM ARE RECENT EXAMPLES, UM, IS THE GROVE ON, UH, BULL CREEK ROAD.

AND IN FACT, WE DID A MEMO TO COUNCIL.

I THINK THAT WAS BACK IN JUNE, WHERE WE LAID OUT THE DETAILS OF HOW THAT WAS, UM, CAPTAIN.

[01:15:05]

AND THEN THE OTHER QUESTION, SUB QUESTION WAS ABOUT RHODA AND ODA, WHICH IS RENTAL HOUSING DEVELOPMENT ASSISTANCE AND OWNERSHIP, HOUSING DEVELOPMENT ASSISTANCE.

THESE ARE THE SUBSIDY PROGRAMS THAT WE ADMINISTER, UM, DO RHODA AND ODA REQUIREMENTS NEEDED, STATED IN THE REGULATING PLAN.

UM, I THINK THE QUESTION IS ABOUT WE HAVE SPECIFIC, UM, REQUIREMENTS I'M THINKING OF, OR UP FOR RENTAL HOUSING AROUND, UM, FAIR CHANCE HOUSING AND TENANT SELECTION AND TENANT PROTECTIONS.

UM, I WILL TALK FURTHER WITH OUR INCLUSIVE PLANNING TEAM, BUT MY GUESS IS THIS IS SOMETHING THAT WE WOULD WANT INCLUDED, SHOULD THAT BE THE DESIRE? AND I THINK IT WOULD BE SOUTH'S DESIRE.

UH, WE WOULD WANT INCLUDED OR SPELLED OUT IN THAT, BUT I NEED TO TALK TO THE INCLUSIVE PLANNING TEAM TO FIND OUT THE STATUS OF THAT.

AND I THINK THAT WAS, UH, I THINK THAT WAS IT, BUT THERE ARE SEVERAL THINGS I'LL STOP ME TO GET BACK TO YOU REGARDING KAREN.

WERE YOU ABLE TO HEAR MOST OF THAT VIA PHONE OR? UH, I HEARD MOST OF THAT, BUT THE LAST, I DON'T KNOW HOW MANY QUESTIONS I DIDN'T HEAR, BUT, UM, I THOUGHT I HEARD SEVERAL GOOD ANSWERS THAT ARE PUT US FURTHER ALONG ON UNDERSTANDING THE PROCESS THAT WE'RE IN, UH, BETTER THAN WE WERE YESTERDAY.

SO I'M THANKFUL FOR THAT.

AND I THINK, I THINK WE W UH, THE STAFF OFFERED TO DO A LITTLE MORE RESEARCH TO ANSWER SOME OF THEIR QUESTIONS, AND THEN SOME OF THE THINGS OR THINGS I THINK WE NEED TO KEEP WORKING ON THE QUESTIONS I HAVE TO FOLLOW UP ON SPECIFICALLY ARE THAT FAIR HOUSING QUESTION, WHICH IS REALLY THAT FOCUSED ON THE NFI LEVELS AND HOW THAT WILL BE INCORPORATED INTO THE REGULATING PLAN.

AND THEN I ALSO HAD THE, UH, RHODA ODA, I THINK THIS WAS A REFERENCE, I THINK, TO THE TENANT PROTECTIONS THAT ARE EMBEDDED IN THE RHODA PROGRAM.

AND HOW SHOULD THOSE BE MEMORIALIZED? PERFECT.

UM, KAREN, ANY, UH, ANY FURTHER COMMENTS OR QUESTIONS? UM, I THINK THAT'S REALLY IT.

I WANT TO SEE THE QUESTIONS THAT THE ANSWERS TO THE QUESTIONS THAT ARE STILL OUTSTANDING AND, UM, WE CERTAINLY WANT TO BE INVOLVED AS THE REGULATING PLAN IS FLESHED OUT IN THE NEXT FEW MONTHS.

THANK YOU.

UH, ANYBODY IN THE ROOM HAVE ANY COMMENTS OR QUESTIONS REGARDING THIS, UH, PRESENTATION SLASH DISCUSSION? OKAY.

I WOULD JUST SAY, UM, UH, MS. MAYA, THANK YOU VERY, VERY MUCH FOR THAT.

UM, ONCE AGAIN, LOTS OF GREAT INSIGHTFUL INFORMATION HERE.

UM, YOU KNOW, THIS IS AN ONGOING PROCESS.

UH, THIS IS GOING TO CONTINUE TO BE ONGOING.

UM, YOU KNOW, I'M SURE STAFF IS GOING TO CONTINUE LOOKING AT WAYS TO, TO MEET THE AFFORDABLE HOUSING REQUIREMENTS, UM, AND AS WELL, WE, AS A, AS A BODY, UM, LOOK FORWARD TO, TO, UH, UH, THE FURTHER DETAIL THAT YOU'RE, THAT YOU, THAT YOU'RE GOING TO GIVE US ON SOME OF THESE QUESTIONS.

AND I THINK, YOU KNOW, I'LL, UM, I'LL COMMIT TO WORKING WITH KAREN, YOU KNOW, GOING OVER KIND OF WHAT WE HEARD, AND MAYBE WE CAN PUT TOGETHER A DOCUMENT THAT SAYS, HEY, THESE ARE THE QUESTIONS THAT WE, THAT WE HAD.

UM, AND HERE IS SOME OF THE HERE'S SOME OF THE RECOMMENDATIONS WE CAN MAKE TO COUNCIL BASED ON STAFF'S STAFF'S INPUT, UM, TO GET TO ACHIEVE THE AFFORDABLE HOUSING GOALS OF THE SOUTH CENTRAL WATERFORD VISION PLAN.

THANK YOU.

THANK YOU FOR STAYING ON, APPRECIATE THAT MONDAY.

OKAY.

IF NO OTHER FURTHER COMMENTS ON THAT, UM, ITEM

[4. WORKING GROUP UPDATES & ASSIGNMENTS FROM CHAIR]

FOUR, WORKING GROUP UPDATES AND ASSIGNMENTS FROM CHAIR.

I, I, I HIGHLY DOUBT WE HAVE ANY WORKING GROUP UPDATES.

I PERSONALLY HAVE NOT BEEN ON ANY WORKING GROUPS.

I DON'T KNOW THAT ANYBODY HAS ANYBODY MET WITH THE WORK GROUP, NOT MET SINCE THE POD STARTED MOVING THROUGH FOR THE ACTIVE PROJECTS GROUP.

OKAY.

UM, SO THAT BEING SAID, JUST WANT TO CONFIRM AGAIN, REITERATE THAT WE PUT THE, UM, BUDGET ITEMS INTO THE FINANCE AND GOVERNANCE WORKING GROUP, AND I'LL GET WITH STAFF TO FIGURE OUT WHO'S GOING TO TACKLE THAT ONE.

UM,

[01:20:01]

MOVING

[5. FUTURE AGENDA ITEMS]

ON ITEM FIVE, UH, ANY FUTURE AGENDA ITEMS FROM ANY BOARD MEMBERS, SORRY TO BE SO TALKY TONIGHT.

UM, I'M WONDERING IF IT WOULD BE APPROPRIATE FOR US TO ASK FOR UPDATES ON THE, ON THE THINGS WE WERE CONCERNED ABOUT WITH THE PUD TO SEE HOW THINGS HAVE CHANGED.

SOME OF THE THINGS, UM, ONE OF THE THINGS THAT I'M CURIOUS ABOUT IS THE, UH, ACCESSIBILITY TO THE PUBLIC FROM THE SIDEWALK LEVEL AND SOME THINGS LIKE THAT.

SO I'M JUST WONDERING IF IT WOULD BE APPROPRIATE TO SEE WHERE THINGS ARE AT THIS POINT AND HOW CLOSELY THEY HAVE ALIGNED WITH THE VISION PLAN.

UM, YEAH, NO, I DON'T HAVE A PROBLEM WITH, WITH REQUESTING AN UPDATE NOW, JUST TO CLARIFY, WOULD YOU BE REQUESTING AN UPDATE FROM THE APPLICANT OR REQUESTING AN UPDATE FROM THE DIFFERENT DEPARTMENTS OR FROM JERRY OR FROM WHO, WHAT WOULD THAT LOOK LIKE? UM, YEAH, I DON'T HAVE A, DOES ANYBODY ELSE HAVE AN IDEA OF WHO THEY WOULD LIKE TO HEAR FROM? I THINK THE ROOT OF THE QUESTION IS AS THEY NEGOTIATE TO ALLEVIATE SOME OF THE CONCERNS THAT WERE RAISED, ONCE THOSE ITEMS ARE FINALIZED, WE SHOULD GET NOTIFICATION OF UPDATES AS THEY FINALIZE THE NEGOTIATION.

SO, UM, I DON'T KNOW HOW THEY UPDATE IN GENERAL, BUT AS THEY DO, WE SHOULD BE INCLUDED IN THAT UPDATE.

I KNOW THAT THERE'VE BEEN SOME UPDATES IN PARKS FROM THE PARKS POSITION.

UM, AND SO MAYBE TALKING WITH STAFF FROM SOME OF THE PLACES THAT, YOU KNOW, WE WERE CONCERNED THAT WE HAD, I BELIEVE YOURS WAS A CONCERN WITH THE, UH, BIKE LANES.

YES.

AND THEN I HAD, WE HAD SOME CONCERN FROM THE PARKS PERSPECTIVE AND FROM THE RIVER ORDINANCE FOR THE 70 FOOT PIER AND SOME OTHER THINGS LIKE THAT.

SO I'M JUST MAYBE, MAYBE SOME OF THE STAFF COULD PULL TOGETHER SOMETHING ABOUT WHERE THE UPDATES ARE.

YEAH.

AND BEFORE I AGREE THAT IT WOULD BE GREAT TO HAVE UPDATES ON, ON SPECIALTY THE ITEMS THAT ARE IN OUR RECOMMENDATION.

UM, AND I THINK, I THINK WE COVERED IT.

YOU'VE COVERED MOST EVERYTHING IN OUR RECOMMENDATION.

WE KIND OF THREW EVERYTHING AT IT AND, UH, BY, BY REFERRING TO THE OTHER BOARDS AND COMMISSIONS, BUT JUST TO STAFF, DO YOU, I KNOW THIS WENT TO PLANNING COMMISSION, I BELIEVE IT GOT RECOMMENDED OR APPROVED OR WHATEVER THE TERMINOLOGY IS FROM PLANNING COMMISSION.

UM, DO WHAT ARE THE NEXT STEPS? AND DO WE KNOW WHAT IT'S GOING TO COUNCIL? WHAT DOES THAT LOOK LIKE? MR. CHAIRMAN? UM, FOR PEOPLE LISTENING IT'S MARGARET SHAW, STEPH LIAISON, WE CAN CERTAINLY SEND A WRITTEN UPDATE ON THAT.

IT DID GO TO PLANNING COMMISSION WENT PAST MIDNIGHT.

UM, WE CAN CIRCULATE THAT MOTION SHEET.

THIS STAFF LIAISONS HAVE KEPT THIS BOARD UP TO DATE WITH ALL THE ACTIONS MOVING FORWARD, BUT WE DIDN'T HAVE, AND I APOLOGIZE AS OF LAST WEEK, I HADN'T SEEN THE FINAL MOTION SHEET FOR THAT, BUT WE'LL GET THAT FOR PLANNING COMMISSION.

AND THERE'S NO SCHEDULE THAT I KNOW OF PERSONALLY YET FOR COUNCIL TO BEGIN THE THREE READINGS.

AND WE KEEP THAT UP TO DATE.

I JUST CAUTION FOLKS.

IT'S A MOVING TARGET.

SO THERE EACH ONE OF THE BOARDS AND COMMISSIONS HAS A RECOMMENDATION.

WHAT WE'LL GET FROM PLANNING STAFF IS A UPDATE ON WHAT THAT PROCESS IS AND WHAT THAT LOOKS LIKE MOVING FORWARD.

GOTCHA.

CAN WE NOT GET SPECIFICALLY, CAN WE, WE CAN LOOK AT THE SPECIFIC RECOMMENDATIONS WE HAD AND SEE WHAT HAS CHANGED AND IF ANY OF THAT HAS BEEN REMEDIED, I THINK IF, WHAT, WHAT DO YOU MEAN BY WHAT HAS CHANGED? WELL, I KNOW FOR EXAMPLE, I WAS TALKING TO SOMEONE IN THE PARKS DEPARTMENT WHO WAS TELLING ME ABOUT SOME OF THE CHANGES THAT HAVE BEEN MADE THERE.

THEY'VE BEEN NEGOTIATING BETWEEN THE PARKS DEPARTMENT AND THE, AND THE APPLICANT, AND SOME OF THE THINGS HAVE CHANGED.

NOW, A LOT OF THIS WAS NOT IN FINAL FORM, OBVIOUSLY AS IT CAME THROUGH.

AND SO WHAT MY CURIOSITY IS NOW IS HAVE ANY OF THE THINGS THAT WE WERE CONCERNED ABOUT BEN ADDRESSED.

I THINK IF I'M FOLLOWING THE CONVERSATION, UM, AND FROM MY KNOWLEDGE OF ENTITLEMENT PROCESS, MOVING FORWARD, EACH ONE OF THESE BOARDS AND COMMISSIONS YOURSELF INCLUDED ARE MAKING RECOMMENDATIONS.

THEN NEGOTIATIONS WITH STAFF, WE ARE NOT A PART OF THAT ARE CHANGING AS WE SPEAK.

AND THEN THERE WILL BE A STAFF RECOMMENDATION WHEN IT GETS TO COUNCIL, I WILL GET FOR YOU AND THIS BOARD THROUGH EMAIL WHAT THE STATUS OF THAT NEGOTIATION IS.

BUT I THINK IF THERE'S AN EXPECTATION OF KNOWING WHERE THAT PROCESS IS, I, I DON'T KNOW THAT THAT IS THERE.

IF THAT'S WHAT I'M JUST TRYING TO MAKE SURE I'M ANSWERING THE RIGHT QUESTION, THAT I'M GOING TO FEEL BACK TO THE PLANNING STAFF.

SO MY QUESTION IS I KNOW THAT THINGS ARE GETTING FIRMED UP AND STILL BEING NEGOTIATED, BUT I'M JUST WONDERING IF THE ISSUES THAT WE HAD CONCERNS ABOUT HAVE BEEN ADDRESSED.

OKAY.

THAT'S HELPFUL.

AND I'LL, I'LL DEFER TO STAFF ON THIS.

IF WE DO WANT TO BRING THIS UP AS A FUTURE AGENDA ITEM, UM, OR BETTER SAID BEFORE WE CONSIDER FOR A FUTURE AGENDA ITEM, WHAT DO YOU THINK IS THE BEST MECHANISM AND IN YOUR OPINION, AND NOT TELLING US WHAT TO DO WITH, IN YOUR OPINION, WHAT DO THINK

[01:25:01]

IS THE BEST MECHANISM FOR US TO GET A GENERAL UPDATE ON ANY RECOMMENDATIONS THAT WE, THE STATUS OF RECOMMENDATIONS THAT WE MADE IN OUR, IN OUR, UH, RECOMMENDATION.

AND I WILL REACH BACK OUT TO JERRY ZONING OFFICER, ENJOY HARDENED TO SEE WHAT THAT PROCESS IS IN MY EXPERIENCE, IT, WHEN THESE ARE GOING THROUGH, THEY DON'T GO BACK THROUGH BOARDS AGAIN.

SO THAT WOULD BE EFFECTIVELY COMING BACK TO SCHWAB TO DO AN UPDATE AND A DISCUSSION.

AND I HAVE NEVER SEEN THAT BEFORE, BUT I CAN, SIR, I AM NOT THE LEAD ON THAT.

I'M HAPPY TO CLARIFY THAT PROCESS AND TIMELINE.

THE NEXT STEP THAT I KNOW OF IS IT IS MOVING TO COUNCIL.

I HAVE NOT HEARD OF ANY RECOMMENDATION FOR WHEN THAT IS, BUT AGAIN, COUNCIL AGENDAS ARE POSTED TWO WEEKS IN ADVANCE.

NOW THERE ARE ONLY FOUR MEETINGS A MONTH.

SO WE'RE CHECKING CONSTANTLY ON COUNCIL AGENDA TO SEE WHEN THOSE ARE GETTING POSTED.

AND THAT WOULD HAVE A STAFF RECOMMENDATION OVER THREE READINGS.

UNDERSTOOD.

AND I WILL SAY THAT, UM, I JUST AS CURIOUS TO KNOW, YOU KNOW, WHAT SORT OF W WHAT SORT OF CHANGES HAVE BEEN MADE, UM, BECAUSE WE DID HAVE A LOT OF CONCERNS AND WE WANTED TO STAND IN SOLIDARITY WITH OUR OTHER BOARDS AND COMMISSIONS, PARKS, AND ENVIRONMENTAL SPECIFICALLY.

UM, AND I'M JUST AS CURIOUS AS EVERYBODY ELSE TO KNOW THAT, BUT I JUST WANT TO REMIND EVERYBODY THAT THE APPLICANT CAME TO US, UM, OUT OF, OUT OF, UH, COURTESY.

THEY WEREN'T REQUIRED TO COME TO US.

AND JERRY CAME TO US, I BELIEVE OUT OF COURTESY.

HE'S NOT REQUIRED TO COME TO US.

THE EARLIEST PLANNING WASN'T REQUIRED TO COME TO US.

UM, AND THAT W OUR, OUR CHARGE AS A BOARD IS TO, IS TO MAKE RECOMMENDATIONS TO CITY COUNCIL ON HOW BEST TO IMPLEMENT THE SOUTH CENTRAL WATERFRONT ADVISORY PLAN.

AND I DO AGREE THAT I THINK WE, IT WAS BEST, IT WAS GOOD FOR US TO LOOK AT THAT PROJECT SO WE CAN KNOW WHAT WE WERE WORKING WITH AS FAR AS HOW, HOW TO BEST IMPLEMENT THE PLAN MOVING FORWARD.

BUT THESE APPLICANTS HAVE NO REASON TO COME TO US.

SO I DO THINK THAT WE SHOULD, WE SHOULD FIND A MECHANISM OR SOME WAY TO GET AN UPDATE, TO MAKE SURE THAT, YOU KNOW, WE'RE DOING OUR JOBS, UH, TO THE BEST OF OUR ABILITY, BUT I DON'T WANT TO SET THE EXPECTATION THAT THESE, THE APPLICANT NOR JERRY NEEDS TO COME BACK TO US, BECAUSE THAT'S SUGGESTING THAT THE APPLICANT OR JERRY COME BACK, I'M SUGGESTING THAT WE GET SORT OF AN UPDATE ON WHERE THINGS ARE AT THIS POINT WITH THE THINGS THAT WE WERE UNDERSTOOD.

UNDERSTOOD.

AND I WOULD JUST SAY THAT WE, AS STAFF WOULD LOVE TO KNOW ALL OF THAT AS WELL.

UM, ALL RIGHT.

UM, SO I WOULD SAY, UM, THIS IS MY OPINION.

UM, I CAN, YOU CAN, WE CAN ADD IT IF YOU'D LIKE, BUT, UM, I SAY WE'LL LET STAFF COME BACK TO US TO SEE WHAT THEY, WHAT INFORMATION THEY CAN FIND OUT.

AND IF WE DO WANT TO ADD THIS AS A FUTURE AGENDA ITEM, W YOU KNOW, IN THE NEXT TWO WEEKS OR SO, WE CAN GET SOMEONE TO MAKE THEM THE FALL, WHATEVER, WHATEVER LEGAL MECHANISM NEEDS TO BE DONE, TO HAVE TWO PEOPLE TO SAY, WE'D LIKE AN UPDATE SPECIFICALLY FROM SO-AND-SO AND SEE IF STAFF CAN ACCOMMODATE THAT REQUEST.

BUT I WOULD SAY LET'S HOLD OFF FOR STAFF TO GET US THE INFO, GET US AS MUCH INFORMATION AS POSSIBLE AND SEE IF THAT, IF THAT WORKS FOR US.

AND I WOULD JUST SAY, IT'S MICROSOFT.

AGAIN, WE DO TRY, WE RECOGNIZE EDD, UM, ASSUMED THIS AS THE IMPLEMENTATION PHASE, OCTOBER 1ST, WE HAVE TRIED DILIGENTLY.

THERE ARE A LOT OF DIFFERENT FIRES IN THE FIREARM PAN PICK, WHATEVER ANALOGY YOU WANT.

WE HAVE A TURKISH RUNNING REGULATING PLAN.

UM, THE PUD THAT'S RUNNING THROUGH, WE HAVE TRIED TO DO OUR BEST TO SEND Y'ALL TIMELY LINKS AND CONNECTIONS TO ALL THE BRIEFINGS, BECAUSE SOMETIMES I SAY THE CITY'S WEBSITE IS SO TRANSPARENT, IT CAN BE OPAQUE IF YOU'RE NOT USING IT THAT OFTEN.

SO WE TRY TO SEND YOU ALL THOSE LINKS.

IF THERE ARE TOPICS OR INTERESTS THAT YOU CAN'T FIND, PLEASE FEEL FREE TO EMAIL ERIN.

AND I, AND WE'LL GET THAT, BUT WE TRY TO DO THAT.

FOR INSTANCE, PLANNING COMMISSION, WHEN OUR LAST, WHEN STAFF ON FEBRUARY 1ST DID THE PRESENTATION ON TOURS, WE SEND THOSE LINKS TO Y'ALL.

SO IT COULD BE A QUICK AND EASY, UM, REFERENCE POINT.

YEAH, LIKE I SAID, THIS IS JEFF, JUST A QUICK QUESTION.

UH, IS IT POSSIBLE TO GET, UM, A COPY OF STAFF RECOMMENDATION AS SOON AS IT'S AVAILABLE, EVEN IF IT TAKES TIME FOR IT TO BE PUBLISHED TO THE CITY SITE, UH, STAFF RECOMMENDATION ON WHAT TOPIC ARE WE ON THE, ON THE STREET? AND I THINK FOR PEOPLE LISTENING THAT, ARE WE TALKING ABOUT THE 3 0 5 SOUTH CONGRESS STATESMAN PUD? I BELIEVE THIS IS WHAT WE'RE TALKING ABOUT.

THAT'S CORRECT.

SO, YES, WE WILL SHARE THAT LINK AS SOON AS IT'S PUBLIC.

IS IT POSSIBLE TO GET THE MATERIALS BEFORE IT'S PUBLISHED, AS SOON AS IT'S PROVIDED BY STAFF AND THAT THERE'S TIME IT TAKES TO BE PUBLISHED TO MY KNOWLEDGE, THIS IS A PUBLIC BODY.

AND SO THERE'S NO, THE, IT DOES NOT GO BEFORE THE PUBLIC, FOR INSTANCE, IT GOES TO COUNCIL AT THE

[01:30:01]

SAME TIME THAT IT GOES TO Y'ALL.

IF THAT MAKES SENSE.

MAKES SENSE.

THANK YOU.

THANK YOU.

OKAY.

OKAY.

SO I'LL JUST SAY TENTATIVELY WE'RE CON WE'D LIKE TO FIND A MECHANISM TO GET SOME SORT OF AN UPDATE, BUT WE'LL WAIT FOR STAFF TO SEE WHAT THEY CAN PROVIDE.

OKAY.

UM, ANY OTHER FUTURE AGENDA ITEMS THAT PEOPLE WOULD LIKE TO PROPOSE THE BOARD MEMBERS LIKE PROPOSE, OKAY.

THAT, THAT THAT'S ALL OF THE AGENDA ITEMS. UM, THANK YOU VERY MUCH, EVERYBODY.

IT'S BEEN A WONDERFUL MEETING AND, UH, SEVEN 40, UH, THIS MEETING IS ADJOURNED.

THANK YOU ALL ON THE SCREEN FOR YOUR PARTICIPATION AND SEE IT IN A MONTH.