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WILL NOW TAKE US TO THE WORK SESSION, AND I WILL CALL TO ORDER THE WORK SESSION OF THE AUSTIN CITY COUNCIL FOR NOVEMBER 19TH, 2024 AT 1:53 PM THE WORK SESSION IS BEING CONDUCTED IN THE CITY COUNCIL CHAMBERS OF AUSTIN CITY HALL, LOCATED AT 3 0 1 WEST SECOND STREET IN AUSTIN, TEXAS.UM, THE FIRST ITEM ON THE AGENDA, AS I INDICATED, WILL BE ITEM B ONE, AND THAT IS RELATED TO THE CAPTAIN STITCH FUNDING STRATEGY.
FOLLOWING THAT, WE WILL GO TO THE WEBSITE REDESIGN ITEM B TWO, AND THEN AT THE APPROPRIATE TIME, I WILL, UH, ASK FOR US TO GO INTO EXECUTIVE SESSION.
[B1. Our Future 35: Cap and Stitch Funding Strategy.]
I'M GONNA TURN IT OVER TO YOU TO, TO SET UP ITEM B ONE.UH, AND STAFF IS HERE TO PRESENT, UH, OUR FUTURE 35, THE CAPTAIN STITCH FUNDING STRATEGY.
AND I'LL TURN IT OVER TO ASSISTANT CITY MANAGER, ROBERT GOODE.
SO I WANT TO, IF YOU GO TO THE FIRST SLIDE, I JUST WANNA WALK THROUGH THE AGENDA, LAY THE FOUNDATION FOR WHAT WE'RE GONNA TALK TO YOU TODAY ABOUT.
UM, WE'VE DONE A LOT OF WORK WITH THE COMMUNITY ON DEVELOPING A VISION PLAN FOR WHAT COULD GO ON TOP OF THE DECKS THAT WE COULD POTENTIALLY BUILD.
SO WE WANTED TO SHARE WITH YOU WHAT WE'VE RE WE THINK WE'VE REACHED A CONSENSUS WITH THE COMMUNITY ON WHAT THAT COULD LOOK LIKE.
WE'RE GONNA HIGHLIGHT A FEW, UH, THE VISION PLAN HIGHLIGHTS TODAY.
THAT ENTIRE PLAN IS IN YOUR BACKUP IF YOU WANNA DIG DEEPER ON WHAT THAT LOOKS LIKE.
SO WE'RE GONNA, WE'RE GONNA WORK ON THAT TODAY.
WE'RE ALSO GONNA WORK ON FUNDING AND PHASING.
YOU REMEMBER, THERE'S DIFFERENT, UH, TIMELINES FOR WHEN OUR, UH, FUNDING WOULD BE REQUIRED BY TXDOT IN THEIR PROJECT TIMELINE.
WE'RE ALSO GONNA TALK ABOUT SOME PRIORITIZATION SCENARIO OPTIONS, BECAUSE AS TDOT PROCEEDS WITH A PROJECT, THEY DO COST ESTIMATED AT DIFFERENT STAGES.
YOU, THE ESTIMATES THAT WE HAD PREVIOUSLY WERE JUST SCHEMATIC IN NATURE.
THEY'VE COMPLETED, NOT COMPLETED, THEY'VE PROGRESSED THEIR DESIGN TO ABOUT THE 30% LEVEL AND DONE ESTIMATES, AGAIN, TO TELL US WHAT THEY THINK THE COST WILL BE.
AS CAN BE EXPECTED, THOSE COSTS HAVE IN INCREASED QUITE DRAMATICALLY.
WE WANNA SHARE THOSE NEW ESTIMATES WITH YOU TODAY BASED ON THOSE COSTS BEING SO HIGH.
NOW, WE THINK IT WOULD BE WISE FOR US TO LOOK AT SCENARIOS AND PRIORITIZATIONS FOR THE CAP FROM THE FULL VISION PLAN THAT WE'VE BEEN TALKING ABOUT THUS FAR.
SO STAFF CAN, WILL WALK YOU THROUGH A FEW OF THOSE SCENARIOS.
THERE IS A MULTITUDE OF SCENARIOS WE COULD PUT TOGETHER, MIXING AND MATCHING WHAT CAPS TO BUILD.
AND SO WE WANTED TO GIVE YOU A, A RECOMMENDATION THAT AS A BASELINE THAT YOU COULD START WITH AS YOU CONSIDER, UH, YOUR, UH, THE DECISION ON DECEMBER 12TH, ON WHICH CAPS WE WANNA PROCEED WITH AS, UH, STAFF WILL LAY OUT TODAY.
THERE'LL BE SEVERAL ACTIONS ON YOUR DECEMBER 12TH, UH, COUNSEL AGENDA FOR YOU TO CONSIDER SO WE CAN MOVE FORWARD WITH THIS PROJECT.
AND WITH THAT, I'M GONNA TURN IT OVER TO MICHELLE AND SHE'LL WALK YOU THROUGH THE REST OF THE PRESENTATION.
UH, MICHELLE MARKS, UH, TRANSPORTATION PUBLIC WORKS MAYOR COUNCIL, THANK YOU FOR HAVING US TODAY.
UM, I'LL JUST JUMP RIGHT INTO IT.
UM, JUST A QUICK OVERVIEW OF THE OUR FUTURE 35 VISION PLAN.
WE DID HAVE AN OPPORTUNITY TO SHARE THIS, UH, PRODUCT WITH MOBILITY COMMITTEE LAST WEEK.
UM, SO I'LL JUST VERY QUICKLY PROVIDE AN OVERVIEW.
UH, MOST IMPORTANT IS, UH, THE INTENT OF THE VISION PLAN.
IT REALLY IS, UM, A DOCUMENT THAT, UH, REALLY CAPTURES WHAT WE'VE HEARD FROM COMMUNITY, UM, OVER THE LAST TWO YEARS IN TERMS OF RESIDENTS AND COMMUNITY MEMBERS' DESIRED OUTCOMES AND PRIORITIES FOR HOW THE CAP AND STITCH PROJECT, UM, UNFOLDS AND DEVELOPS MOVING FORWARD OVER THE NEXT, THE NEXT SEVERAL YEARS.
UM, AND IT'S REALLY INTENDED TO BE A ROADMAP FOR THE, UH, AMENITIES WE DESIGN ON TOP THE, UH, DECISIONS WE MAKE REGARDING OPERATIONS AND PROGRAMMING MOVING FORWARD.
AND, UH, A COUPLE KEY ELEMENTS FROM THE VISION PLAN.
UM, FIRST WE DO PROVIDE SOME CLARITY, UH, REGARDING THE LOCATIONS WHERE CAPS AND STITCHES ARE POSSIBLE ALONG THE I 35 CORRIDOR.
AND WE'VE IDENTIFIED THESE LOCATIONS IN PARTNERSHIP WITH TXDOT.
THESE ARE LOCATIONS THAT MEET TDOT'S REQUIREMENTS IN REGARDS TO VERTICAL CLEARANCE OVER THE FREEWAY BELOW.
SO THE LOCATIONS YOU'RE SEEING HERE ON IN BLUE ARE THOSE WHERE, UM, ARE EIGHT CAPS AND STITCHES ARE POSSIBLE IN AUSTIN, STARTING WITH THE HOLLY STITCH AT THE SOUTHERNMOST EXTENT OF THE CORRIDOR.
UM, THEN LOOKING AT A, A MORE OR LESS CONTINUOUS CAPPING OPPORTUNITY BETWEEN CESAR CHAVEZ UP TO ABOUT SEVENTH STREET, ANOTHER CAP OPPORTUNITY BETWEEN 11TH AND 12TH.
UM, AND THEN AGAIN, UP BETWEEN 38TH AND A HALF, UM, TO APPROXIMATELY AIRPORT BOULEVARD, ANOTHER LARGE CAPPING OPPORTUNITY, UM, IN THE MIDDLE OF THE CORRIDOR IN ORANGE HERE
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YOU'LL SEE THE LOCATIONS WHERE THE UNIVERSITY OF TEXAS, UM, IS CURRENTLY EVALUATING THEIR OPPORTUNITIES ALONG THEIR FRONTAGE, UM, FOR CAPS AND STITCHES IN CONJUNCTION AND IN PARALLEL TO THE CITY'S EFFORT.UM, THE VISION PLAN ALSO CLARIFIES THE COMPONENTS OF CAP AND STITCH STRUCTURES.
UM, WHAT YOU'RE SEEING HERE IN COLOR CODED FORMAT, UM, ARE THE THREE ELEMENTS, UM, THAT WE'VE BEEN COMMUNICATING TO, TO YOU, AND TO COMMUNITY.
UM, AND THE FIRST ARE THESE ELEMENTS IN BLUE, WHAT WE'VE BEEN REFERRING TO AS, UM, THE ROADWAY ELEMENTS.
THESE ARE REALLY THE, THE STRUCTURAL SUPPORT ELEMENTS, THE COLUMNS, THE FOOTINGS, ET CETERA, THAT REALLY HAVE TO BE CONSTRUCTED IN CONJUNCTION WITH, UH, THE TXDOT ROADWAY PROJECT.
UM, AND THEN IN RED HERE ARE WHAT COULD BE CONSIDERED PHASE TWO ELEMENTS.
UM, AND THESE ARE, UH, THE HORIZONTAL DECK STRUCTURES THAT SPAN OVER THE FREEWAY, ALONG WITH ASSOCIATED TUNNEL ELEMENTS LIKE THE VENTILATION FANS YOU'RE SEEING IN THIS DIAGRAM, AND ANY KIND OF EXTERNAL SUPPORT CABINETS OR STRUCTURES THAT COME WITH THE PROVISION OF THOSE TUNNELS.
UM, NOW WE'LL TALK A LOT ABOUT THIS TODAY, BUT THE BLUE ROADWAY ELEMENTS, UH, MUST BE IN PLACE AS A PHASE ONE IN ORDER FOR THESE PHASE TWO RED DECK STRUCTURES, UM, TO BE POSSIBLE IN FUTURE.
UM, AND THEN IN GREEN, WHAT YOU'RE SEEING ARE, UM, THE CITY PROVIDED AMENITIES, UM, AND OPEN SPACE FEATURES THAT WOULD BE CONSTRUCTED ON TOP OF THE DECKS AFTER THAT.
SO BEFORE WE KICK OFF HERE, UM, I WANNA MAKE SURE WE'RE ALL ON THE SAME PAGE IN REGARD TO WHAT OUR DECISION POINTS ARE AND THOSE MILESTONES WE HAVE AHEAD OF US IN THE COMING YEARS.
SO WE'RE HERE IN FRONT OF YOU TODAY BECAUSE, UH, ONE OF THOSE DECISION POINTS IS COMING UP HERE, UH, NEXT MONTH.
UM, AND THIS IS THE POINT AT WHICH, UM, TXDOT IS REQUESTING A COMMITMENT FROM THE CITY REGARDING, UM, THE ROADWAY ELEMENTS, UM, THAT WE ARE MOVING FORWARD WITH OR ARE NOT MOVING FORWARD WITH.
UM, AND THEY NEED THAT FUNDING COMMITMENT FROM US THIS CALENDAR YEAR IN ORDER TO KEEP THEIR CONSTRUCTION PROJECT MOVING FORWARD AND ON SCHEDULE THE ACTUAL FUNDS FOR ANY ROADWAY ELEMENTS, UM, THAT WE, UM, WELL, THAT YOU DECIDE TO MOVE FORWARD WITH, UH, WON'T ACTUALLY BE TRANSMITTED UNTIL A YEAR FROM NOW IN DECEMBER, 2025.
BUT THAT COMMITMENT IS DUE THIS YEAR.
THEN LOOKING AHEAD TO 20 26, 20 32, YOU'LL SEE ON YOUR TIMELINE HERE, THESE ARE A COUPLE OF, UH, POINTS ALONG THE T PROJECT AT WHICH THE CITY COULD, UH, FOLD IN ADDITIONAL CAP, HORIZONTAL CAP STRUCTURES, UM, TO BE CONSTRUCTED IN CONJUNCTION WITH THAT TDOT PROJECT.
SO, UH, WHILE THE ROADWAY ELEMENTS FUNDING COMMITMENT IS, IS NOW, WE DO HAVE SOME TIME 26, 20 32, AND EVEN UP TO 2042 TO PUT FUNDING STACKS TOGETHER FOR THOSE HORIZONTAL DECK ELEMENTS IN THE YEARS TO COME.
AND THEN YOU'LL SEE AT THE BOTTOM OF YOUR TIMELINE HERE, UM, ADDITIONAL TIME TO REALLY PUT TOGETHER PARTNERSHIPS AND STRATEGIES, UM, WITH COMMUNITY MEMBERS, UM, TO HELP FUND THE PROVISION OF AND MAINTENANCE AND OPERATION OF THE AMENITIES ON TOP OF THOSE DECKS.
UM, JUST A REMINDER, UM, THAT, UH, REGARDLESS OF, UH, COUNCIL'S DECISION, UM, ABOUT WHERE WE ARE OR ARE NOT PURSUING FREEWAY DECKS OR ROADWAY ELEMENTS, UM, TDOT'S BASE PROJECT DOES INCLUDE THE PROVISION OF EN ENHANCED AMENITY ZONE BEHIND THE CURB ON ALL OF THE BRIDGES THAT THEY WILL BE RECONSTRUCTING AS PART OF THEIR BASE PROJECT.
UM, SO WHAT YOU'RE SEEING HERE, UM, ARE RENDERINGS OF WHAT THAT POTENTIAL AMENITY ZONE COULD BE, THAT 30 FEET OF LANDSCAPE AND PEDESTRIAN AND BICYCLE ENHANCEMENTS.
UH, SO, UH, BRIDGES WILL SEE SOME MANNER OF, OF IMPROVEMENT NO MATTER WHAT, UM, DECISION, UH, CITY COUNCIL MAKES REGARDING CAPS AND STITCHES.
BACK TO THE VISION PLAN ITSELF, UH, JUST REALLY QUICKLY WANTED TO ACQUAINT YOU, UH, WITH THE VISION STATEMENT AND THE SIX GOALS FOR THIS CAP AND STITCH PROGRAM THAT HAVE BEEN DEVELOPED WITH A, A LOT OF COMMUNITY INPUT.
UM, AND, UH, THE INTENT HERE IS THAT AS WE MOVE FORWARD WITH PROGRAMMING AND OPERATIONAL DECISIONS, UH, THAT THESE SIX GOALS REALLY
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BE, UM, A BIT OF A, A CHECK AGAINST ALL OF THE DECISIONS THAT WE'RE MAKING MOVING FORWARD TO MAKING TO ENSURE THAT WE ARE MEETING THE COMMUNITY'S PRIORITIES AS WE HAVE HEARD THEM.AND THEN THE VISION PLAN DOES, UH, IN ADDITION, UM, DISTILL THE TWO YEARS OF COMMUNITY INPUT THAT, THAT WE'VE HEARD INTO SOME KIND OF GENERAL DESIRED CHARACTER, UH, FOR EACH OF THESE POTENTIAL CAP OPPORTUNITIES, UM, TO HELP, UH, REALLY DIRECT, UH, THE ON CAP AMENITY AMENITY DESIGN, UM, THAT WILL MOVE FORWARD AS THESE CAP DECKS ARE, UM, FUNDED AND GIVEN A GREEN LIGHT TO MOVE FORWARD.
UM, SO WHAT YOU'RE SEEING HERE IS AN EXCERPT FROM THE VISION PLAN SHOWING A POTENTIAL CAPPED CONCEPT FOR THE CAP BETWEEN CESAR CHAVEZ AND FOURTH STREET.
WE SHOW EACH OF THESE, EACH OF THE CAP OPPORTUNITIES IN BOTH PLAN AND SECTION.
UM, WE'VE DONE A LOT OF WORK WITH THE TEXT DESIGN AND ENGINEERING TEAM OVER THE PAST COUPLE OF YEARS TO REALLY, UM, IDENTIFY THE, UH, EXTENT OF EACH OF OUR CAP OPPORTUNITIES, THE ELEVATIONS, UM, HOW ALL EACH OF THESE CAPS WILL TIE INTO, UM, THE STREET NETWORK, UM, AND LAND USE, UM, PARCELS SURROUNDING THEM, THE SURROUNDING BRIDGES.
UM, SO DONE A LOT OF WORK ON, UM, EXTENT AND ELEVATION TO FEED INTO THOSE FUTURE DESIGN TEAMS. AND, UH, THE REASON, UH, WE'RE USING THE CESAR CHAVEZ CAP IN PARTICULAR AS AN EXAMPLE HERE, UM, IS BECAUSE, UM, AS YOU KNOW, THIS IS THE CAP THAT WE DID, UH, RECEIVE $105 MILLION FROM THE FEDERAL GOVERNMENT, UM, FOR THE PROVISION OF THIS CAP, UM, BETWEEN CESAR CHAVEZ AND FOURTH.
UM, BUT FOR EACH OF THE CAPS, UH, WHAT YOU'LL SEE IN THE CONCEPTUAL PLANS ARE REALLY ILLUSTRATIONS OF HOW THE COMMUNITY FEEDBACK THAT WE'VE HEARD COULD BE INTERPRETED AND COULD FOLD INTO A DESIGN PLAN MOVING FORWARD.
BUT THIS CAP, IN PARTICULAR WILL BE KICKING OFF A DESIGN INITIATIVE IN THE COMING MONTHS.
I WILL STRESS THAT WHAT THE VISION PLAN SHOWS ARE, UM, FULL BUILD AMENITY CONCEPTS.
UH, THE VISION PLAN DOES CLARIFY THAT IN ADDITION TO THOSE PHASE ONE AND PHASE TWO ELEMENTS I WALKED YOU THROUGH OF ROADWAY ELEMENTS FIRST, THEN DECK STRUCTURES, HORT DECK STRUCTURES SECOND, UM, EVEN THE AMENITIES COULD BE BROKEN DOWN, UM, INTO A PHASED IMPLEMENTATION STRATEGY THAT COULD, UM, BE APPLIED AS, YOU KNOW, FUNDING IS AVAILABLE.
UH, PARK STRUCTURES, FOR EXAMPLE, COULD START WITH JUST FOR GRASS AND TREES AND PEDESTRIAN PATHS.
UM, AND AS FUNDING IS, IS PROCURED WITH OUR PARTNERS, LAYERING ON ADDITIONAL PUBLIC SPACE AMENITIES ALL THE WAY UP TO, UH, BUILDINGS AS A POTENTIAL PHASE FIVE.
AND THEN JUST TO, UH, HAMMER HOME SOME OF THOSE, UM, FUNDING AND PROJECT DELIVERY MILESTONES.
UM, WE, UM, I'LL REMIND COUNSEL THAT YOU DID LAST DECEMBER COMMIT, UH, $15 MILLION IN FUNDING TO TXDOT TO PROGRESS WITH 30% DESIGN OF ALL OF THE POTENTIAL CAP AND STITCH LOCATIONS.
UM, WHERE WE ARE NOW A YEAR LATER IS, UM, LOOKING ONCE AGAIN AT THOSE OPPORTUNITIES, UM, AND THEN NEXT MONTH, UM, THE DECISION WILL BE IN FRONT OF YOU TO, UM, MAKE THAT COMMITMENT REGARDING WHICH OF THOSE ROADWAY ELEMENTS, UH, WILL MOVE FORWARD, UH, TO FULL DESIGN 100% DESIGN.
UM, SO BOTH OF THOSE ITEMS COMING, UM, AT YOUR NEXT MEETING IN 1212, UM, AGAIN, THAT ACTUAL FUNDING, UH, TRANSMITTED A YEAR LATER IN 2026.
AND THEN THOSE, UH, THREE UPCOMING OPPORTUNITIES TO KIND OF LAYER IN THE HORIZONTAL DECK STRUCTURES INTO THE TEXT PROJECT THAT I WALKED YOU THROUGH PREVIOUSLY.
ALRIGHT, UM, SO WITH NO FURTHER ADO, UM, WHAT THE, YOU HAVE IN FRONT OF YOU ON YOUR SCREEN ARE THE UPDATED COST ESTIMATES, UM, THAT TT HAS PROVIDED US.
I'M REALLY GONNA FOCUS THE CONVERSATION INITIALLY HERE ON, UM, THE FIRST TWO COLUMNS AT THE LEFT OF THE SCREEN, PHASE ONE, THOSE ROADWAY ELEMENTS, UH, THE COMMITMENT REQUIRED THIS YEAR, AND THEN LOOKING AHEAD TO THOSE PHASE TWO DECK AND TUNNEL ELEMENTS.
UM, SO WHAT YOU'RE SEEING, UM, ARE THE COST ESTIMATES BROKEN DOWN ACCORDING TO EACH, UH, CAP OPPORTUNITY ON THE LEFT OF YOUR SCREEN.
UM, IN THE GRAY COLUMN ARE THE ORIGINAL COST ESTIMATES, UM, THAT WE SHARED WITH YOU, UM, ABOUT A YEAR AGO.
AND THEN IN THE LIGHT BLUE COLUMN IMMEDIATELY ADJACENT TO THAT,
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UM, THE UPDATED COST ESTIMATES NOW THAT TEXDOT HAS MOVED FORWARD, UM, WITH THAT 30% DESIGN AND ENGINEERING.UM, SO WHAT YOU'RE SEEING HERE, UM, IN TOTAL AT THE BOTTOM OF YOUR SCREEN IS, UM, IF, UH, WE AS A CITY DECIDE TO MOVE FORWARD WITH PROVIDING ROADWAY ELEMENTS, UM, TO SECURE ALL POTENTIAL CAPS AT ALL POTENTIAL LOCATIONS, UM, THE CURRENT ESTIMATE FOR THAT IS $284 MILLION, UM, THAT WE WOULD NEED TO COMMIT TO.
AND THEN LOOKING AHEAD, UM, TO THE ASSOCIATED COST FOR THE CAP STRUCTURES FOR THOSE ELEMENTS WOULD BE APPROXIMATELY $600 MILLION.
UM, SO THE FULL VISION PLAN, ALL OF THE CAPS AND STITCH STITCHES IDENTIFIED IN THAT VISION PLAN, JUST THE STRUCTURAL ELEMENTS ALONE, UM, UH, LOOKING AT APPROXIMATELY $900 MILLION, UM, WE HAVE, UM, OUR TEAM ESTIMATED, UH, SOME, WHAT WE MIGHT BE LOOKING AT FOR THE PROVISION OF AMENITIES ON TOP OF THOSE DECKS AS WELL AS ONGOING, UM, OPERATIONS AND MAINTENANCE COSTS TO, UM, THE RIGHT HAND SIDE OF YOUR SCREEN HERE.
UM, BUT AGAIN, UM, THOSE, THOSE COSTS ARE, ARE, UM, SUCH THAT WE HAVE A LITTLE BIT MORE TIME TO PUT TOGETHER, UM, PARTNERSHIPS WITH, UM, MEMBERS OF EXTERNAL MEMBERS OF THE COMMUNITY.
AND IT'S REALLY THE STRUCTURAL TOTALS, UM, THAT WE WANNA, UM, DISCUSS WITH YOU TODAY AS REALLY BEING, UM, THE UPFRONT NEED FROM THE CITY, UM, TO MOVE THIS CAP AND STITCH, UH, INITIATIVE FORWARD.
SO, UM, GIVEN THE $900 MILLION ESTIMATE, UM, STAFF, UM, WANTED TO BRING YOU SOME OPTIONS TODAY TO CONSIDER FOR, UM, UH, HOW WE MIGHT, UM, PRIORITIZE OR PACKAGE SOME OF THESE CAP AND STITCH OPPORTUNITIES, UM, IN THE EVENT THAT THAT, UH, MIGHT BE TOO HIGH A PRICE TAG.
UH, BEFORE WE GET INTO THOSE, UH, POTENTIAL SCENARIOS FOR YOUR CONSIDERATION.
UM, JUST A REMINDER THAT WE DO HAVE, UM, ABOUT $191 MILLION SECURED TO DATE.
THAT'S A COMBINATION OF THE $105 MILLION FEDERAL GRANT.
UM, I MENTIONED EARLIER, UM, WHICH DID REQUIRE A COMMITMENT ON OUR END WITH FOR A $45 MILLION MATCH.
UH, WE WERE ALSO RECENTLY NOTIFIED, UM, THAT WE, UM, ARE BEING AWARDED A $41 MILLION, UH, STATE INFRASTRUCTURE BANK LOAN FROM TECH.
THAT $41 MILLION CAN BE APPLIED TOWARD THAT $45 MILLION LOCAL MATCH.
UM, IN CONSIDERING THESE RESOURCES, WE DO HAVE ON HAND IMPORTANT TO NOTE THAT THOSE, UH, GRANT MONIES AND THE ASSOCIATED MATCH, UM, IS PRIMARILY DEDICATED TO THE CESAR CHAVEZ TO FOURTH CAP.
SO IT'S REALLY THE $41 MILLION SIB LOAN, UM, THAT COULD POTENTIALLY BE USED OUTSIDE OF THE CESAR CHAVEZ TO FOURTH EXTENT.
SO STAFF HAS, UH, TAKEN, UM, A PASS AT DOING BOTH KIND OF A, A QUALITATIVE, BUT ALSO A QUANTITATIVE EVALUATION.
CAN I INTERRUPT REAL QUICK? PLEASE DO, AND MAYBE I MISUNDERSTOOD, BUT I THOUGHT THAT FHWA HAD ALSO GIVEN SOME FLEXIBILITY ON THE $105 MILLION.
THANK YOU FOR THAT QUESTION, MAYOR.
UM, WE HAD, UM, DISCUSSION WITH FHWA AND THE ANSWER WAS THAT WE COULD NOT SPEND THOSE DOLLARS OUTSIDE OF THE PROJECT EXTENT.
WE COULD, IF WE WANTED TO SHRINK THE PROJECT EXTENT TO BE SMALLER, IF WE, UM, AS A COMMUNITY FELT LIKE WE NEEDED TO, UM, BETTER MATCH THE SIZE OF THE PROJECT TO THE RESOURCES AVAILABLE TO US.
UM, BUT THE ANSWER FROM FHWA WAS, UM, THAT NO, WE COULD NOT, UM, IN EFFECT SPREAD THE PEANUT BUTTER.
THAT'S THE OPPOSITE OF WHAT I THOUGHT I WAS TOLD.
SO, UH, I MEAN, LITERALLY THE 180 DEGREE OPPOSITE, SO, BUT I, I, I BELIEVE YOU, IT'S JUST, UH, OKAY.
YEAH, WE DID HAVE, UM, A COUPLE OF CONVERSATIONS TO THEM BECAUSE WE DEFINITELY WANTED TO KIND OF NAIL THAT ANSWER DOWN FOR YOU BY TODAY.
UM, BUT THEY DID CONFIRM IN WRITING TO US THAT, UM, WE COULD SHRINK OUR PROJECT, BUT WE COULDN'T GROW OUR PROJECT.
SO WE COULD TAKE LESS MONEY FROM 'EM.
WE JUST COULDN'T USE IT FOR SOMETHING ELSE.
WE CAN BUILD A LITTLE BIT LESS THAN
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WE APPLIED FOR IN OUR APPLICATION.WE COULD SHRINK THE SIZE OF THE PROJECT AND THE PROJECT BEING THE ASSESSOR CHAVEZ MM-HMM.
IF, IF THAT'S THE ANSWER, IT'S JUST ABSOLUTELY DIFFERENT THAN WHAT SOMEBODY ELSE TOLD ME.
I APOLOGIZE IF THERE WAS MISINFORMATION OUT THERE.
UM, SO GIVEN THAT, UM, THE STAFF HAS TAKEN, UM, A PASS AT, UM, EVALUATING IN, UM, AS, UH, A QUANTITATIVE WAY, UM, THE COST BENEFIT TO US AS A COMMUNITY FOR THESE VARIOUS CAP AND STITCH OPPORTUNITIES, AND, AND THE LENS WE HAVE APPLIED HERE IS REALLY, UH, MORE FISCAL THAN ANYTHING.
SO THE CRITERIA ON THE LEFT, ONE, TWO, AND THREE, UM, THESE ARE FACTORS THAT ARE, UM, VERY IMPORTANT IN ALL OF THE GRANT APPLICATIONS THAT WE APPLY FOR, UM, MULTIMODAL TRANSPORTATION, UH, THE, UM, ADJACENT, UM, THE STATUS OF ADJACENT CENSUS TRACKS AND THE FEDERAL BENEFIT COST ANALYSIS.
UM, SO THESE FIRST THREE CRITERIA REALLY INTENDED TO MAKE SURE THAT WE ARE STAYING GRANT COMPETITIVE IN THE FUTURE, AND THEN THE CRITERIA ON THE RIGHT FUNDING CONSIDERATIONS ONE AND TWO, THESE ARE REALLY LOOKING AT THE POTENTIAL FOR THESE INDIVIDUAL CAP LOCATIONS TO, UM, INCENT REDEVELOPMENT ON ADJACENT PARCELS, FOR EXAMPLE, AND THEN ALSO TO, UM, POTENTIALLY HOST ON CAP FEATURES THAT COULD HELP GENERATE REVENUE TO HELP OFFSET THE COST OF ONGOING OPERATIONS AND MAINTENANCE.
THINGS LIKE LEASEABLE SQUARE FOOTAGE OR, UM, THE CAPACITY OF A PARTICULAR CAP TO, UM, HOST LARGE SCALE EVENTS, FOR EXAMPLE.
SO WHAT YOU'RE SEEING IN THE TABLE IN FRONT OF YOU THEN ARE THOSE QUALITATIVE SCORES FOR EACH OF THOSE SIX CRITERIA FOR EACH OF OUR CAP AND STITCH OPPORTUNITIES.
UM, AND WHAT'S EMERGED HERE IS IT'S REALLY THE CAPS IN, IN THE CORE DOWNTOWN AREA, I'D SAY BETWEEN CESAR CHAVEZ UP TO THE 11TH AND 12TH STREET AREA, UM, THAT ARE SCORING HIGHEST ON THESE INDIVIDUAL CRITERIA.
AND, UM, THE FIRST STAFF RECOMMENDATION THEN THAT I'LL BRING TO YOU TO TODAY IS, UM, IF WE, UM, ARE IN A MODE WHERE WE ARE TRYING TO GET THE PRICE TAG DOWN, UM, A LITTLE BIT, UM, ONE RECOMMENDATION WOULD BE TO CONSIDER ELIMINATING SOME OF THESE LOWER SCORING, UM, CAPS AND STITCHES AT THE ENDS.
UM, THE POLAR ENDS OF THE PROJECT CORRIDOR THAT POTENTIALLY DON'T PROVIDE AS MUCH COMMUNITY COST BENEFIT.
THOSE WOULD BE ON THE SOUTHERN EXTENT, UM, THE HOLLY STITCH AND THE EXTENSION OF THE CESAR CHAVEZ CAP SOUTH OF CESAR CHAVEZ.
UM, THESE ARE BOTH LOCATIONS THAT ARE, UM, 300 FEET OR LESS AND WOULD PROVIDE LESS COVER OVER THE FREEWAY.
AND THEN ON THE NORTHERN EXTENT OF THE PROJECT, THE CAP NORTH OF THE RED LINE CROSSING UP TO AIRPORT BOULEVARD, UM, COULD BE AN ANOTHER, UM, LOCATION THAT MIGHT PROVIDE LESS, UH, BENEFIT IN TERMS OF THESE SIX CRITERIA.
UM, BEFORE I GET INTO THE SCENARIOS FOR YOUR CONSIDERATION, AND, YOU KNOW, ANOTHER WAY TO REDUCE COST, UH, IF THAT'S THE WAY THAT THIS COUNCIL WOULD LIKE TO GO, IS NOT JUST TO BUILD FEWER CAPS, BUT COULD ALSO BE, UM, TO BUILD LESS CAP AT EACH OF THESE LOCATIONS.
UM, MAYOR, THIS IS THE, UM, SCENARIO THAT FEDERAL HIGHWAYS DID SIGN OFF ON.
IF THIS IS THE DIRECTION COUNCIL WOULD LIKE TO GO, WE COULD POTENTIALLY SHRINK THE AMOUNT OF CAP WE'RE WE, UM, ARE BUILDING.
SO YOU'LL RECALL IN THE VISION PLAN THERE WAS, UM, UM, A MORE OR LESS CONTINUOUS CAP, UH, BETWEEN SAYS OUR CHAVEZ AND FOURTH STREET.
ONE OPTION YOU COULD CONSIDER WOULD BE TO SHRINK THE LENGTH OF SOME OF OUR CAPS TO 800 FEET OR LESS, WHICH IS THE OUTLINE THAT YOU'RE SEEING ON YOUR SCREEN.
UM, THESE KIND OF 800, THIS 800 FOOT THRESHOLD DOES PROVIDE SOME, UM, IMPORTANT LINE ITEM SAVINGS, UM, FOR CAPS, NOTABLY, WHEN YOU'RE 800 FEET OR LESS, UM, YOU NO LONGER HAVE TO PROVIDE, UM, SOME OF THE TUNNEL ELEMENTS LIKE VENTILATION FANS, LIKE EXTERNAL TUNNEL SUPPORT BUILDINGS.
SO THERE ARE SOME SAVINGS THERE, AND WE'VE OUTLINED THOSE FOR YOU, UM, IN THE TABLE HERE TO COMPARE,
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UM, THE COST FOR THE FULL LENGTH CAP TO THE 800 FOOT LONG OPTION.UM, AND THEN YOU CAN SEE THE DIFFERENCE TOTAL THERE.
UM, WHAT THIS APPROACH IN DOLLARS WOULD SAVE, UM, FOR THOSE PHASED ONE ROADWAY ELEMENTS, UM, ABOUT AN $11 MILLION SAVINGS.
AND THEN, UM, ABOUT A $30 MILLION SAVINGS FOR THE PHASE TWO DECK AND TUNNEL ELEMENTS.
UM, I'LL NOTE HERE THAT, UM, IT'S NOT NECESSARILY LESS EXPENSIVE PER SQUARE FOOT, UM, TO GO THIS ROUTE.
UM, IT, IT REALLY IS A FACTOR OF BUILDING LESS CAP, UM, JUST CUTS OUR COSTS, AND THAT WOULD BE TRUE, UM, FOR THE OTHER LOCATIONS THAT COULD POTENTIALLY, UM, SHRINK IN SIZE AS WELL.
THE VISION PLAN PROVIDES, UM, AN ILLUSTRATION OF A, A CAP BETWEEN ALL THE WAY BETWEEN FOURTH, UM, ON THE SOUTH END UP TO SEVENTH STREET.
UM, HERE IS WHAT AN 800 FOOT LONG SCENARIO COULD LOOK LIKE, UM, AND THE ASSOCIATED PHASE ONE AND PHASE TWO, UH, POTENTIAL COST SAVINGS WITH THAT APPROACH AS WELL.
UM, ALSO APPLICABLE UP IN THE NORTHERN AREA, UM, YOU'LL RECALL THE VISION PLAN, UM, SHOWS THE POTENTIAL FOR A VERY LARGE CAP BETWEEN 38TH AND A HALF STREET ALL THE WAY UP TO AIRPORT BOULEVARD.
UM, EVEN BEYOND THE EXTENT OF THE IMAGES YOU'RE SEEING HERE.
UM, A SLIGHTLY INCREASED POTENTIAL COST SAVINGS UP IN THIS AREA FOR SHRINKING THE EXTENT OF THAT DOWN TO 800 FEET.
SO COULD SAVE AS MUCH AS 20 SOME ODD MILLION DOLLARS IN ROADWAY ELEMENTS.
AND THEN 44, UH, MILLION DOLLARS IN PHASE TWO DECK AND TUNNEL ELEMENTS.
SO WITH THAT, UM, I'LL GO AHEAD AND WALK YOU THROUGH, UH, THE FIVE, UM, POTENTIAL SCENARIOS THAT STAFF HAS ASSEMBLED, UM, FOR YOUR CONSIDERATION AS ASSISTANT CITY MANAGER.
UM, THIS REALLY IS, UM, THERE ARE INNUMERABLE SCENARIOS YOU COULD CONSIDER, UM, AND THIS REALLY COULD BE VIEWED AS, UM, A STARTING POINT, A STARTING MENU FOR YOU.
UM, THE WAY THIS TABLE WORKS IS STARTING WITH SCENARIO ONE ON THE LEFT AND SCENARIO TWO, MOVING UP TO FIVE, UM, SCENARIOS ONE, AND THEN UP TO TWO AND BEYOND, REALLY START WITH THOSE HIGHEST SCORING CAPS.
UM, YOU'LL NOTE THAT THE CESAR CHAVEZ CAP AND, UM, THE 11TH AND 12TH CAP ARE IN ALL OF THESE SCENARIOS.
AND AS YOU MOVE TO THE RIGHT OF YOUR SCREEN HERE, UM, WE LOOK FOR OPPORTUNITIES TO LAYER IN A ADDITIONAL CAPS, UM, ALONG THE CORRIDOR.
AND THAT COULD BE, UM, THROUGH A STRATEGY OF SHRINKING CAPS OF, OF TRADING LOCATIONS.
UM, AND SO WE REALLY JUST WANTED TO KIND OF DAYLIGHT SOME OF THESE POTENTIAL TRADE-OFFS AND OPTIONS FOR YOU, UM, AND HOW THOSE OPTIONS KIND OF GRADUALLY INCREASED IN COST COMMITMENT AS, AS WE MOVE UP TOWARD, UM, THE FULL VISION PLAN, UM, ALL THE WAY TO THE RIGHT OF YOUR SCREEN.
UM, THE NUMBERS IN RED AT THE BOTTOM OF EACH ROW ARE THE, UH, REMAINING FUNDING GAPS, UM, THAT WE WOULD NEED TO IDENTIFY A SOURCE FOR, UM, ASSOCIATED WITH EACH OF THESE SCENARIOS.
SO THE TOP, UH, ROW IN LIGHT BLUE HERE ARE THOSE PHASE ONE ROADWAY ELEMENTS.
UM, YOU'LL SEE THAT, UM, SCENARIO ONE WE COULD MOVE FORWARD WITH, UM, WITH NO FUNDING GAP THIS CALENDAR YEAR, THAT'S TAKING INTO ACCOUNT THAT $191 MILLION, UH, THAT I WALKED YOU THROUGH PREVIOUSLY.
SCENARIO TWO WOULD, UM, HAVE A SMALL FUNDING GAP AS WE MOVE UPWARD TO SCENARIO THREE, FOUR, AND FIVE, UM, A LARGER FUNDING GAP THAT WE WOULD NEED TO, UM, IDENTIFY A FUNDING SOURCE FOR, UM, NEXT MONTH.
AND WE ARE PROVIDING, UM, A STAFF RECOMMENDATION FOR YOU TODAY.
UM, AND IT REALLY IS KIND OF RIGHT UP THE MIDDLE OF THAT SCENARIO CHART I SHOWED YOU.
UM, STAFF IS, UH, RECOMMENDING SCENARIO THREE AS A STARTING POINT.
AND THIS IS, UH, THESE ARE THE CAP LOCATIONS THAT, UM, WE FEEL WOULD BE LIKE REALLY A, A BARE MINIMUM, UM, TO MOVE FORWARD WITH.
UM, SO AGAIN, A STARTING POINT FOR YOU.
UM, THIS SCENARIO LOOKS AT PROVIDING AS MUCH CAP OPPORTUNITY AS WE CAN ALONG THE LENGTH OF THE CORRIDOR, UM, BUT, BUT TRYING TO BE AS, UM, FISCALLY CONSERVATIVE AS WE CAN BY SHRINKING THE EXTENT OF THOSE CAPS FOR COST SAVINGS.
UM, AND YOU CAN SEE HERE ON THE BOTTOM LINE OF YOUR TABLE, UM, THE PHASE ONE FUNDING GAP, UH, FOR THIS SCENARIO, UM, THAT WE WOULD NEED TO ADDRESS BY THE
[00:30:01]
END OF THE YEAR IS $39 MILLION.UM, AND THEN $202 MILLION WOULD BE THE PHASE TWO FUNDING GAP.
AGAIN, THAT PHASE TWO, UM, COMMITMENT, WE HAVE MORE TIME TO PUT THAT FUNDING STACK TOGETHER.
I AM GONNA HAND THIS OVER TO KIM.
UM, SO MICHELLE HAS WALKED YOU THROUGH ALL THE VARIOUS COMPONENTS OF JUST THE, THE VISION PLANNED, UM, THE DIFFERENT COST INCREASES.
UM, AND NOW I'M GOING TO, AND WHAT OUR RECOMMENDED SCENARIO IS, I'M GONNA DIG INTO THE FUNDING COMPONENTS OF THAT RECOMMENDED SCENARIO.
UM, SO WITH SCENARIO THREE, WHICH INCLUDES THE DOWNTOWN CAPS, BUT AT THE 800 FOOT, UM, UM, SIZE AS WELL AS AN 800 FOOT NORTHERN CAP, UM, FOR PHASE ONE, YOU'RE LOOKING AT A TOTAL COST OF $109 MILLION FROM EXISTING FUNDING SOURCES FROM THAT FEDERAL GRANT AND THE STATE INFRASTRUCTURE BANK LOAN, UM, WE HAVE, UH, PARDON ME, 29 AND $41 MILLION RESPECTIVELY.
THAT MEANS OUR CURRENT GAP ON THE PHASE ONE, WHICH IS THE REQUIREMENT FOR US TO COMMIT IN 2024 TO TXDOT IS $39 MILLION.
AS YOU MOVE INTO PHASE TWO, UM, WHICH AGAIN, IS NOT REQUIRED UNTIL 2032.
UM, THE TOTAL COST SYSTEM IS $278 MILLION OF WHICH, UH, THE REMAINING $76 MILLION OF THE FEDERAL GRANT WOULD BE APPLIED, LEAVING US WITH A $202 MILLION GAP.
SO BETWEEN THOSE, UM, THOSE GAPS OF JUST PHASE ONE AND PHASE TWO, UM, THERE'S A, WE'RE TALKING ABOUT, UM, 240, UH, $1 MILLION IN NEED.
SO, BUT THIS ALSO DOESN'T ACCOUNT FOR CERTAIN PHASE THREE REQUIREMENTS.
WE HAVE THAT FEDERAL GRANT DOES HAVE, UM, MORE REQUIREMENTS RELATED TO FINISHED PRODUCT KIND OF A THING.
UM, SO EVEN ONCE WE HAVE THE ROADWAY ELEMENTS AND THE CAP, THERE IS AN EXPECTATION BETWEEN SWISS CHAVEZ AND FOURTH THAT, UM, WE WOULD HAVE, UH, CERTAIN LEVEL OF AMENITIES, UM, COMPLETED, UM, THROUGH LANDSCAPING AND, AND OTHER, UM, OTHER AMENITIES.
SO FOR PHASE ONE, UM, AS PART OF OUR RECOMMENDATION, WE ALSO HAVE RECOMMENDATIONS ON HOW TO MEET THAT FUNDING GAP FOR EACH PHASE.
SO FOR THE FIRST PHASE, UM, WE WOULD RECOMMEND, UH, CERTIFICATES OF OBLIGATION.
WE WOULD, HOWEVER, WANT TO CHANGE OUR DEBT SERVICE, UH, TIMELINE FOR THAT TO BE SHORTER.
UH, CERTIFICATE, AS YOU KNOW, CERTIFICATES OF OBLIGATION DO PREVENT ECONOMIC DEVELOPMENT.
THAT RESTRICTION ONLY EXISTS FOR AS LONG AS THE DEBT IS OUTSTANDING.
SO WE WOULD LOOK TO AMORTIZE THAT, THAT DEBT OVER A SHORTER TIMEFRAME, UM, TO, IN ORDER FOR US TO LIFT THAT RESTRICTION SOONER RUN, IT'S TIME FOR US TO START PUTTING AMENITIES ON TOP.
FOR PHASE TWO, WE'D RECOMMEND, UH, LOOKING AT, UH, FUTURE BOND ELECTION AS WELL AS CONTINUE TO APPLY FOR VARIOUS FEDERAL GRANTS.
UM, FOR PHASES THREE THROUGH FIVE, UM, LIKE MICHELLE NOTED, THERE'S A LOT MORE TIME FOR US TO BE GETTING, UH, REALLY INTO THE MEAT OF THAT, INTO THE DETAILS OF THE COSTS AND EXACT FEATURES.
WE, OF COURSE, HAVE THAT VISION, BUT, UM, HOW WE PHASE THAT THROUGH THE COSTS AND, AND EVERYTHING, WE HAVE A LITTLE BIT MORE FLEXIBILITY THERE.
UM, AND FOR THOSE THEN WE WOULD RECOMMEND LOOKING AT FUTURE BOND ELECTIONS, TAX INCREMENT FINANCING, UM, AND GROUND LEASE REVENUE.
THAT GROUND LEASE REVENUE IS IMPORTANT, UM, RELATIVE TO THE PHASE ONE CEO FUNDING RECOMMENDATION.
IF WE PAY THOSE CEOS OFF, UM, SOONER THAN OUR TYPICAL 20 YEAR REPAYMENT TIMELINE, THAT GIVES US THE ABILITY TO BRING IN THAT GROUND LEASE REVENUE, UH, ON THOSE AS PART OF THOSE SURFACE AMENITIES.
NOW, THERE'S A LOT OF DEBT BEING DISCUSSED HERE, SO WE DO NEED TO TAKE IN CONSIDERATION, UM, OUR OVERALL DEBT LEVELS, UM, ACROSS THE ORGANIZATION GOING FORWARD.
UM, WE'RE LOOKING AT, UM, NOT ONLY DEBT RELATED TO THIS PROJECT, BUT ALSO KNOWN ISSUANCES THAT ARE RELATED TO PRIOR BOND PROGRAMS, PRIOR CEOS, AND THE SORT AS WELL AS PROSPECTIVE 2026 BOND PROGRAM.
SO THERE ARE A LOT OF DIFFERENT, DIFFERENT, UM, PIECES AT PLAY HERE WHEN IT COMES TO OUR OVERALL DEBT PROFILE.
UH, ONE OF THE OTHER COMPONENTS THAT WE REALLY WILL WANT TO DIG INTO IS, IS PRIVATE FUNDING AND FUNDRAISING.
UM, HERE YOU SEE, UH, A MIX OF DIFFERENT PROJECTS, TWO OF WHICH FROM RA HERE IN THE STATE OF TEXAS WHERE FUND PRIVATE FUNDING WAS, WAS REALLY AN ESSENTIAL COMPONENT OF THE FUNDING STACK.
UM, FOR THE DALLAS EXAMPLE, UM, FOR SOUTHERN GATEWAY, THAT $28 MILLION AMOUNT ACCOUNTS FOR 70% OF THE, OF THE ESTIMATED COST FOR THE PROJECT.
UM, AND FOR THE CLYDE WARREN PROJECT, $50 MILLION ACCOUNTS FOR 47% OF THE TOTAL PROJECT COST.
SO WE, AS THE CITY OF AUSTIN, NEED TO BE LOOKING, UM, TO OUR, OUR COMMUNITY PARTNERS, UM, AND, AND, AND OTHER PRIVATE ENTITIES THAT WE CAN WORK WITH
[00:35:01]
COLLABORATIVELY TO HOPEFULLY ACHIEVE SIMILAR LEVELS OF, OF PHILANTHROPY THAT CAN GO TOWARDS THESE PROJECTS.SOME OTHER ITEMS FOR YOU TO TAKE INTO CONSIDERATION AS YOU MAKE A DETERMINATION ON, ON THE SCENARIO.
SO FIRST, THE GRANT COMMITMENTS, AS I NOTED BEFORE, C CHAVEZ TO FOURTH HAS THE FEDERAL GRANT COMPONENT.
UM, WE ARE REQUIRED TO COMPLETE THOSE ROADWAY ELEMENTS AND DECK BY 2031.
NOW, THERE'S ALSO COST UNCERTAINTIES AS WE MOVE FORWARD, AS ROBERT MENTIONED AT THE BEGINNING.
UM, OR WE WERE ORIGINALLY WORKING WITH COST ESTIMATES BASED ON SCHEMATIC DESIGNS.
WE'RE NOW AT THAT 30% COMPLETION RATE, AND YOU SAW HOW MUCH THE COSTS HAVE INCREASED, UM, ACCORDINGLY.
NOW AS WE MOVE FORWARD FROM 30% TO A HUNDRED PERCENT DESIGN, WE FULLY ANTICIPATE THAT THERE WILL BE OTHER COST CHANGES, UH, THAT COME TO LIGHT, UM, THAT WE JUST NEED TO BE PREPARED FOR.
TEXDOT, OF COURSE, IS DOING THEIR ABSOLUTE BEST TO KEEP THINGS IN CHECK, BUT IT'S, WE'RE WE CAN'T CONTROL EVERYTHING.
UM, ALSO FOR ANY ROADWAY ELEMENTS THAT WE COMMIT TO THIS IN DECEMBER, WE ARE LIABLE FOR ANY COST ESCALATIONS.
SO EVEN THOUGH WE HAVE ON ONE OF THE SLIDES IN THE PRESENTATION, THE BREAKDOWN OF THE PHASE ONE AND PHASE TWO COMPONENTS, UM, WE IF, IF THOSE NUMBERS DO CHANGE THAT WERE SUBJECT TO THOSE NEW NUMBERS, WE AREN'T, WE AREN'T GOING TO BE GRANDFATHERED IN TO THESE, THE NUMBERS YOU SAW TODAY.
AND ALSO, UM, DECK FUNDS ARE DUE IN 2026 VIA CHANGE ORDER OR 2032 THROUGH A NEW CONTRACT.
IF WE WAIT UNTIL 2032 TO DO A NEW CONTRACT WITH TXDOT, IT COULD MEAN EVEN FURTHER COST ESCALATIONS, UM, BECAUSE IT JUST, OF THE CHANGES IN THE MARKET, UM, AND THE SORT, UM, HOWEVER, IT DOES GIVE US TIME TO PERHAPS, UM, GIVE US MORE, UH, MORE VARIETY IN OUR CAPITAL STACK, UH, FOR, FOR PAYING FOR THIS OVERALL.
UH, FEW MORE THINGS TO THINK ABOUT.
SO THE DECISION TO FUND A HUNDRED PERCENT DESIGN THAT COMMITS US, THE CITY TO FUNDING CONSTRUCTION OF THOSE ELEMENTS.
IF WE'RE IN, WE ARE IN, UM, IT'S NOT LIKE A, WELL, WE'RE ALL LIKE, LET'S GO AHEAD AND, AND, AND SAY WE WANT TO DO THESE CERTAIN ROADWAY ELEMENTS, BUT THEN COME BACK SIX MONTHS LATER AND SAY, I, NEVERMIND.
WE'D ACTUALLY DON'T WANNA DO ROADWAY ELEMENTS AT THIS, AT THIS LOCATION.
IF WE, WHEN WE SAY WE'RE IN NEXT MONTH, WE ARE COMMITTED, UH, ALSO WITH THE, UM, THE SIX WITH THOSE CAPS, AS WE LOOK AT THOSE OPPORTUNITIES FOR PARTNERSHIPS FOR PHASES THREE THROUGH FIVE, UM, THAT IS A HUGE COMPONENT FOR US TO ACHIEVE THE ULTIMATE VISION.
ALSO IN ADDRESSING OPERATIONS AND MAINTENANCE EXPENSES, IF WE'RE NOT ABLE TO ESTABLISH THOSE PARTNERSHIPS OR ACHIEVE THAT PHILANTHROPY COMPONENT, IT DOES CREATE A LONG-TERM LIABILITY FOR THE CITY FROM A GENERAL FUND COMPONENT OR PERSPECTIVE.
UM, AND THEN IN TERMS OF, UH, OTHER LIMITATIONS, SO FUNDS ALLOCATED FOR THE CAPS, THEY DO, THEY WILL HAVE AN IMPACT ON OUR OVERALL CAPACITY OF, FOR DEBT RELATED TO 2026 BOND PRIORITIES AND VARIOUS OTHER NEEDS.
UM, THERE, THERE'S NO WAY OF, OF SEPARATING THINGS THESE THINGS OUT.
THEY ALL COME TOGETHER TO IMPACT OUR OVERALL DEBT, UH, PROFILE.
UM, ONE OF THE OTHER COMPONENTS I THINK ABOUT IS WITH CEOS, UM, AND A COMBINATION OF COS AND BOND ELECTIONS.
SO IF THE VOTERS WERE TO NOT APPROVE, APPROVE FUNDING FOR THIS, THESE PROJECTS IN A FUTURE BOND ELECTION, CURRENT LEGISLATION PREVENTS THE CITY FROM ISSUING ANY COS FOR OR ANY DEBT FOR THOSE PROJECTS FOR AT LEAST THREE YEARS.
IT HAS BEEN DISCUSSED IN PRIOR SESSIONS, UM, FOR THAT TO BE A FIVE-YEAR TIMEFRAME.
EVERY SESSION OVER THE LAST SEVERAL, THERE HAS BEEN LEGISLATION INTRODUCED AND, AND ACTION TAKEN ON CERTIFICATES OBLIGATION, THE NON-VOTER APPROVED DEBT.
UM, THEY'VE CONTINUED TO TIGHTEN THE REINS ON HOW THOSE, THOSE NON-VOTER APPROVED DEBT CAN BE USED.
UM, AND WE DON'T ANTICIPATE THAT WE'LL COME TO A, A CLOSE ANYTIME SOON.
UM, ALSO WHEN IT COMES TO OUR OPERATING BUDGET, AS YOU ARE ALL FULLY AWARE, UM, FROM THE BUDGET ADOPTION, UH, PROCESS THAT WE ARE, ARE ON OUR WAY, UM, TO HAVING TO DO A TRE AT SOME POINT IN THE, IN THE NOT TOO DISTANT FUTURE.
SO JUST SOMETHING ELSE TO KEEP INTO, UM, UH, CONSIDERATION.
BUT OTHER THAN ALL THAT, DO YOU HAVE ANY BAD NEWS? UH,
UM, SO REALLY GREAT TO SEE YOU TODAY,
YEAH, I'M HERE ALL WEEK FOLKS.
UM, UM,
[00:40:01]
NOTE THAT THE, THE FLEXIBILITY OF ONCA REVENUE RELATED TO COS BUT THAT'S WHERE WE WOULD PULL INTO THE MIX OF, UM, SPEEDING UP OUR DEBT SERVICE TIMELINE FOR THOSE, UM, FOR THAT PORTION OF THE DEBT TO BE ABLE TO GIVE, TO GIVE THAT FLEXIBILITY BACK.SO, UH, I'M DONE DREAM KILLING.
I'M GONNA HAND IT BACK TO MICHELLE TO, TO CLOSE THIS UP.
SO, UM, I'M SURE YOU ALL HAVE A LOT, A LOT OF QUESTIONS.
UM, BUT, UM, I JUST WANT TO WRAP UP BY JUST CLEARLY ARTICULATING THE ITEMS THAT YOU'RE GONNA SEE IN FRONT OF YOU ON 1212.
SO THE FIRST WILL BE, UM, AUTHORIZING AN A FA, UM, FOR A COMMITMENT TO FUND THOSE ROADWAY ELEMENTS THAT YOU DECIDE TO MOVE FORWARD WITH.
UM, AND THEN, UM, A RELATED A FA TO FUND 100% DESIGN, UM, OF THOSE SAME ROADWAY ELEMENTS, UM, AND DECK STRUCTURES ASSOCIATED WITH THEM.
UM, AND THEN AN ITEM TO ACCEPT OUR $41 MILLION SIB LOAN.
UM, AND THEN FINALLY, UM, AUTHORIZING, UM, UM, STAFF TO ENTER A GRANT AGREEMENT WITH FEDERAL HIGHWAYS FOR THAT $150 MILLION CESAR CHAVEZ PROJECT.
SO WITH THAT, THAT'S ALL WE HAVE.
YES, COUNCILMAN ELLIS, THANK YOU FOR THE RECOGNITION.
MAYOR, I'M GONNA, UH, TURN A LITTLE BIT, UM, I'VE ASKED A COUPLE OF QUESTIONS WITH STAFF ABOUT THE EAST AVENUE TRAIL.
ARE ANY OF THESE 800 FOOT CAP OPTIONS BETTER OR WORSE FOR THE EAST AVENUE TRAIL IN YOUR PERSPECTIVE? OR ARE THEY ALL GREAT FOR THE EAST AVENUE TRAIL? UM, I, I WOULD SAY THAT THOSE ARE TWO INITIATIVES THAT COULD MOVE FORWARD EITHER WAY.
UM, IT JUST MEANS THAT AS, SO THE EAST AVENUE TRAIL WOULD NOT BE PRECLUDED IF WE MOVE FORWARD WITH THE 800 FOOT OPTION.
IT WILL JUST MEAN YOU HAVE LESS CAP ADJACENT TO YOU AS YOU TRAVEL ALONG IT.
AND SO ARE THERE COST ESTIMATES THUS FAR FOR THE EAST AVENUE TRAIL? DO WE KNOW WHAT THOSE BETTERMENTS ARE GOING TO BE? MY UNDERSTANDING IS THAT TDOT CAN BUILD SO FAR AND WITH SO MANY IMPROVEMENTS, BUT IF THE CITY WANTS TO SEE BETTER AND GREATER IMPROVEMENTS FOR USABILITY, UM, DO WE KNOW WHAT THOSE COSTS ARE GOING TO BE? UM, NOT YET.
COUNCIL MEMBER, WE WILL BE KIND OF DIVING INTO THOSE DESIGN DETAILS AND ASSOCIATED COST ESTIMATES IN, UM, EARLY 25 WITH TEXT DOTS.
AND WOULD THOSE DETERMINATIONS NEED TO BE MADE IN 25 OR WOULD THAT BE WITH THE 2026 PHASE THAT I ASSUME TO BE PART OF TECH DOT'S? UM, INITIAL BID PACKAGE WOULD NEED TO BE MADE SOONER THAN 2026, BUT I WOULD HAVE TO CHECK IN WITH MY TECH DOT COLLEAGUES.
AND I MAY HAVE MISSPOKE, UM, ACTUALLY ON, ON AN ANSWER TO YOUR QUESTION, UM, WHERE WE, UH, ARE POTENTIALLY CONSTRAINED IN TERMS OF TRAIL WIDTH, HAVING A CAP NEXT TO YOU DOES ACTUALLY PROVIDE A LITTLE BIT MORE SPACE FOR THAT TRAIL TO WIDEN OUT ONTO THE CAP.
WE DON'T KNOW WHERE THOSE AREAS ARE YET.
COUNCIL MEMBER, IT'S GONNA TAKE A LITTLE BIT OF KIND OF PENCIL AND PAPER TIME.
UM, BUT THAT IS ONE UPSIDE OF, OF HAVING MORE CONTINUOUS CAP IS IF THE TRAIL DOES NEED TO SPILL OVER AND HAVE MORE WITH YOU, HAVE THAT LAND AVAILABLE TO YOU.
THANK YOU FOR THAT INFORMATION.
FOLLOW ALONG THE EAST AVENUE TRAIL, WHERE CAN WE FIND THAT IT IS IN THE VISION PLAN? I CAN GET YOU A PAGE NUMBER, BUT LIKE WHICH CAP ON WHICH IT RUNS THE LENGTH OF I 35 THE ENTIRE.
SO IT WOULD BE ADJACENT TO A FEW OF THE CAPS.
HOW DO THESE ESTIMATES ACCOUNT FOR COST CHANGES AS THE YEARS GO ON AND THINKING OF WAGE INCREASES INFLATION, THE POTENTIAL FOR DIFFERENT MATERIAL TARIFFS, I KNOW HAVE BEEN DISCUSSED IN THE NEWS.
WHEN WE DO BONDING, TYPICALLY WE END UP SOMETIMES IN SITUATIONS WHERE YOU GET SIX OR EIGHT YEARS DOWN THE ROAD AND SOME OF THE COSTS CHANGE.
CAN YOU TELL ME ABOUT HOW, HOW SOLID THESE ESTIMATES ARE OR IF THEY WILL NEED TO BE FLEXIBLE AS WE MOVE FORWARD? YEAH, I APPRECIATE THAT.
UM, THERE IS SOME CONTINGENCY BUILT INTO THE ESTIMATES.
UM, I'M JUST MESSAGING MY TEAM TO FIGURE OUT WHAT THAT, UM, PERCENTAGE AMOUNT IS.
UM, BUT THAT WOULD HOPEFULLY COVER OUR ESCALATION AND, AND CHANGES TO, UM, UM, COST, COST SYSTEMS MOVING FORWARD.
SO I'LL FIND OUT THAT AMOUNT AND GET IT TO YOU, BUT THERE IS SOME BAKED IN.
I'D LOVE TO KNOW THAT AND YOU CAN SEND THAT TO ME LATER ON IF NEEDED.
UM, I KNOW THAT AS, AS THESE LONG-TERM CONTRACTS PLAY OUT, ESPECIALLY WITH THE PART THAT THE CITY IS GOING TO NEED TO FUND, UM, WE WANNA MAKE SURE THAT OUR WORKERS ARE GETTING THE NECESSARY PAY INCREASES THAT WE WOULD SEE IF PEOPLE WERE STARTING PROJECTS NEW.
SO I KNOW THAT'S NOT SOMETHING THAT'S A NEW CONVERSATION TO TRANSPORTATION PUBLIC WORKS, BUT I WANNA MAKE SURE THAT WE'RE, WE ARE STRUCTURING THIS IN A WAY WHERE WE LIMIT THE SURPRISES THAT FUTURES COUNCILS HAVE TO DEAL WITH.
[00:45:01]
CAN STAFF PROVIDE COST ESTIMATES FOR PHASES FOUR AND FIVE FOR EACH OF THE SEGMENTS? I SEE THAT IN YOUR CHARTS.IF YOU LOOK AT SLIDE 14, UM, IT, IT DOES HAVE, UH, FOR EACH OF THE INDIVIDUALS, UM, STITCHES.
SO I MEAN, I CAN DO THE MATH REAL QUICK ON WHAT, HOW THAT CALCULATES FOR SCENARIO THREE.
UM, FOR THE, FOR THE SCENARIOS, SORRY.
OH, FOR THE, EACH OF THE SCENARIOS? YEAH, I MISSPOKE.
NOT THE PHASES, THE SCENARIOS.
WE COULD PULL THAT INFORMATION TOGETHER FOR YOU COUNCIL MEMBER AND, AND FOLLOW UP IF THAT WOULD WORK.
YEAH, I KNOW ON SOME WHERE YOU GET INTO THE SPECIFICS OF THE 800 FOOT CAPS, IT SAYS PHASE ONE, PHASE TWO, PHASE THREE, AND THEN IT JUST SAYS TOTAL.
UM, IT REQUIRES A LITTLE BIT MORE MATH THAN I'M ABLE TO DO IN MY HEAD RIGHT HERE ON THE SPOT, BUT WE CAN, UM, IT SHOULDN'T BE TOO MUCH IN AN EFFORT TO GET YOU THAT NUMBER.
AND I DID LOOK AT SLIDE 14 WITH THE OPERATIONS AND MAINTENANCE COSTS, AND I THINK MAYBE I CAN JUST GO THROUGH THAT WITH YOU OFFLINE UNDERSTANDING, LIKE EXACTLY, IS THAT ALL PHASES AND IF WE ONLY GET TO PHASE THREE, WHAT DOES THAT LOOK LIKE? BUT I DON'T THINK WE NEED TO SORT OUT THOSE NUMBERS RIGHT HERE IN THIS MOMENT.
UM, I WILL CLOSE MY COMMENTS JUST BY SAYING, I KNOW THERE'S BEEN A LOT OF CONCERNS IN THE COMMUNITY ABOUT THE EXACT FISCAL IMPACT ON THESE, OBVIOUSLY VOTERS IN AUSTIN AND RESIDENTS IN AUSTIN CARE ABOUT, UM, ENVIRONMENTAL QUALITY A LOT.
I MEAN, WE JUST SAT THROUGH A FEW HOURS OF PEOPLE PROVIDING PUBLIC COMMENTARY TO MAKE SURE THAT WE DIDN'T HAVE ADDITIONAL EMISSIONS AS WE MOVE FORWARD WITH OUR CLIMATE PLANNING AND OUR AUSTIN ENERGY UTILITY.
AND SO I WANNA MAKE SURE AS WE'RE DOING ROAD PLANNING, THAT WE'RE NOT COUNTERING THOSE GOALS OF TRYING TO MAKE SURE WE'RE SETTING OURSELVES UP FOR A SUSTAINABLE FUTURE.
AND I KNOW THERE'S GONNA BE A LOT OF HEARTBURN ABOUT THE PRICE TAG OF THIS IF WE END UP NEEDING TO TALK ABOUT GEO BONDS AND HOW TO FINANCE THIS MOVING FORWARD.
IT HAS BEEN STATED BY STAFF THAT WE'RE GONNA HAVE TO LOOK AT WHAT PARKS OR LIBRARY IMPROVEMENTS OR ADDITIONAL FIRE STATIONS MIGHT HAVE TO BE PUSHED DOWN THE ROAD.
AND I KNOW THAT THAT IS NOT WHAT OUR, OUR CONSTITUENTS WANT FROM US.
AND SO I WANNA BE VERY MINDFUL AS WE MOVE FORWARD.
THERE'S A LOT OF PEOPLE THAT SEE THIS AS MITIGATION FOR A PROJECT THAT, UM, SHOULD HAVE HAD LESS IMPACTS TO BEGIN WITH.
AND SO I WANNA BE MINDFUL AS WE TALK ABOUT WHAT VOTERS DO AND DON'T WANT, UM, WE CAN'T JUST EXPECT OUR VOTERS TO SUPPORT OUR TRANSPORTATION BONDS AND THEN NOT BE DELIVERING PROJECTS THAT ARE ULTIMATELY MORE SUSTAINABLE AND BETTER FOR THE ENVIRONMENT.
SO I'LL BE THINKING ABOUT THOSE AS WE MOVE FORWARD.
BUT APPRECIATE GETTING INTO THE LEVEL OF DETAIL THAT YOU DID TODAY, AND I'M GLAD WE'RE FINALLY AT A, A, A PLACE OF GETTING TO NITPICK EXACTLY WHAT WE WANNA SEE AND WHAT ARE THE BEST CHOICES FOR OUR RESIDENTS.
COUNCIL MEMBER BAYLA, FBE, COUNCIL MEMBER CODRE.
UH, THANK YOU VERY MUCH, MAYOR.
I JUST WANT TO BE CLEAR ABOUT THE DECISION THAT WE'RE, WE'RE, WE'RE MAKING RIGHT NOW.
AND I THINK YOU, THAT LAST SLIDE DID IT.
BUT RIGHT NOW WE'RE TALKING ABOUT THE FOUNDATIONAL ELEMENTS, THE ROADWAY ELEMENTS TO, UM, MAKE FUTURE CAPS POSSIBLE.
UH, IS THAT, IS THAT CORRECT? IS THAT'S WHERE WE'RE AT RIGHT NOW? THAT'S CORRECT.
UM, SO WHERE ROADWAY ELEMENTS ARE FUNDED, UM, CAP DECK AND AMENITIES CAN EVENTUALLY BE PHASED IN, IN FUTURE WHERE, UM, YOU DECIDE TO NOT FUND ROADWAY ELEMENTS.
UM, THERE CAN BE NO CAPS AT THAT LOCATION.
UM, THOSE LOCATIONS ARE EFFECTIVELY OFF THE TABLE.
AND, AND THAT'S MY, MY CONCERN AT THIS POINT IS THAT I'M NOT A HUNDRED PERCENT SURE WHAT WILL BE ULTIMATELY THE EXTENT OF OUR HIGHWAY CAP BUILDING, BUT I WOULD, AND WHAT THE TIMEFRAME OF THAT CAP BUILDING WOULD BE.
BUT I WOULD HATE TO PRECLUDE THE BUILDING OF HIGHWAY CAPS THAT COULD BE VERY BENEFICIAL FOR THE QUALITY OF LIFE FOR FUTURE PROPERTY TAX REVENUES AT THIS POINT.
SO AGAIN, I, I DON'T THINK THAT EVEN, FOR EXAMPLE, IF WE DECIDE, OKAY, WE WANT TO BUILD ALL THE FOUNDATIONAL ELEMENTS, I, I DON'T THINK THAT THAT MEANS WE'RE NECESSARILY GONNA BUILD ALL THOSE CALVES BY 2032 OR WHATEVER THE CASE MAY BE.
BUT I WOULD JUST HATE TO HAVE A COUNCIL COME IN 20 40, 20 45 TO SAY LIKE, OH, I WISH THEY WOULD HAVE PUT THOSE FOUNDATIONAL ELEMENTS IN BECAUSE WE WOULD BUILD THAT CAP TODAY.
SO, SO I JUST WANTED TO KIND OF PUT THAT OUT FRONT THAT THAT'S REALLY DRIVING, UM, A A A LOT OF MY, UH, THINKING ON THIS.
UM, LOOKING AT THE, THE COST, UM, PARTICULARLY FOR THE NORTHERN CAP, WE SEE THE, THE 38TH TO, UH, UH, 41ST,
[00:50:01]
UH, THE ROADWAY ELEMENTS GOING FROM $37 MILLION TO $65 MILLION, AND THEN FROM 41ST TO THE RED LINE, WE SEE IT GOING FROM $33 MILLION TO, UH, $60 MILLION.UM, WHY DID THOSE COSTS INCREASE SO MUCH? THAT'S, IT'S NEARLY A DOUBLING MM-HMM,
SO, UM, AS WE'VE MOVED FORWARD, UM, FROM THE SCHEMATIC LEVEL TO THE 30% DESIGN LEVEL, UM, WE'VE, WE'VE GOTTEN SOME MORE SPECIFICITY REGARDING THE VENTILATION SYSTEMS THAT HAVE TO BE REQUIRED, THE FIRE LIFE SAFETY SYSTEMS, UM, THE HAZMAT CATCHMENT, THE ILLUMINATION IN THOSE TUNNELS, FOR EXAMPLE.
WELL, WELL, LET ME, LET ME STOP YOU.
'CAUSE THOSE COSTS HAVE INCREASED TOO.
UH, AND THAT IS, WE'RE NOT YET TALKING ABOUT THE FIRE SUPPRESSION SYSTEMS AND THE VENTILATION AND ALL THAT.
WE'RE JUST TALKING ABOUT THE CONCRETE AND THE REBAR AND THE DESIGN AND ALL THAT KIND OF STUFF LIKE THAT.
UM, AND, AND AGAIN, THOSE WERE BIG JUMPS AS WELL.
ANY SENSE OF THE DETAILS ON THAT, ON THAT ELEMENT IN PARTICULAR? YEAH, I'D HAVE TO DIG IN A LITTLE BIT WITH MY TECH DOT COLLEAGUES TO FIGURE OUT WHAT'S DRIVING THAT CHANGE COUNCIL MEMBER.
BUT THESE NUMBERS ARE COMING FROM TECH DOT.
SO THESE ARE JUST BEING PASSED THROUGH TO THAT'S CORRECT.
HAS THE CITY DONE ANY INDEPENDENT VETTING OF, OF THESE NUMBERS IN TERMS OF, YOU KNOW, WE AGREE WITH THOSE COSTS, OR WE THINK IT'S CHEAPER, OR, YOU KNOW, HAVE WE DONE ANY INDEPENDENT ANALYSIS OF THE, OF THE ROADWAY ELEMENTS COSTS? UH, NO.
COUNCIL MEMBER, WE HAVE, UM, OUR TEAM HAS PROVIDED ESTIMATES FOR THE AMENITIES ON TOP.
UM, BUT WE HAVE NOT CONDUCTED, UM, AN INDEPENDENT, UH, VETTING OF THE TECH STOCK COST ESTIMATES.
UH, THAT, THAT MIGHT BE WORTH, UH, UH, GIVING A A A ONCE OVER.
UM, FOR THE, YOU KNOW, ONE OF THE WAYS THAT WE COULD POTENTIALLY PAY FOR THIS PROJECT WOULD BE THE, THE A TURS OR A A A TIFF WHERE BASICALLY WE'RE CAPTURING THE ADDITIONAL VALUE THAT THE CAPS PROVIDE TO THE AREA AROUND IT.
AND THEN USING THOSE PROPERTY TAXES, THOSE INCREASED PROPERTY TAXES TO, TO, TO PAY FOR IT.
UM, DO WE HAVE ANY, AT LEAST PUBLICLY AVAILABLE ESTIMATES OF WHAT, UH, A A TS OR A A, A TIFF WOULD, UH, GENERATE? AT THIS POINT, WE DON'T HAVE IT PUBLICLY AVAILABLE.
WE'RE, WE'RE DOING SOME KIND OF FINAL REVIEWS AND EVERYTHING OF THE, OF THE ANALYSIS THAT OUR CONSULTANT HAS DONE FOR US.
AND WHAT, DO YOU KNOW WHAT LEVEL OF DEVELOPMENT THE CONSULTANT IS, UH, ESTIMATING IN TERMS OF THE SIZE AND SCOPE OF THE, OF THE BUILDINGS AROUND THE CAPS? UH, SO THERE, THERE'S A RANGE IN FAR, UM, BETWEEN TWO AND 3.0.
UM, SO IT'S, IT, WHEN YOU'RE DOING A TERMS ANALYSIS, UM, YOU, YOU HAVE TO JUST, IT'S, IT WORKS MUCH BETTER WHEN YOU'RE DOING THE RANGES AND OVERALL ABSORPTION CAPABILITIES OF AREAS FROM A MARKET PERSPECTIVE.
SO, UM, WE DON'T NECESSARILY HAVE A, WELL, THIS, THIS SPOT WOULD BE X FEET AND, AND SO ON, SO YOU HAVE TO, BECAUSE THERE'S, THERE'S GONNA BE SO MUCH VARIATION.
WELL, BUT MY THINKING WOULD BE MORE, 'CAUSE I MEAN, FAR DEPENDS ON, AGAIN, HOW HIGH, UH, YOU CAN GO.
AND SO, UH, AND, AND AGAIN, THINKING ABOUT THESE AREAS, I, I THINK ABOUT, FOR EXAMPLE, A CONCORDIA, YOU KNOW, CONCORDIA I BELIEVE HAS THE FORMER LUTHERAN CONCORDIA THERE ALONG LIKE, YOU KNOW, 30TH, UH, IN RED RIVER, 32ND AND RED RIVER.
SO, UH, THEY HAVE, UH, EIGHT STORY BUILDINGS ALREADY.
AND THAT WAS BUILT 15 YEARS AGO.
MUELLER HAS, UH, I BELIEVE EIGHT STORY, MAYBE TALLER THAN EIGHT STORY.
I'M TRYING TO THINK OF WHAT THE TALLEST BUILDING IN MUELLER IS RIGHT NOW.
BUT A A POINT BEING THAT WE HAVE ALREADY SEEN, YOU KNOW, RELATIVELY TALL BUILDINGS GOING UP, UH, IN OTHER PARTS OF TOWN.
I MEAN, THE DOMAIN, I THINK WE'RE UP TO 15 STORIES, UH, ON, ON THIS NEXT, UH, UH, UH, ZONING AGENDA.
I HAVE A PROJECT ON THE CORNER OF AIRPORT IN LAMAR THAT'S ASKING FOR 150 FEET.
WE'VE GOT THE ANDERSON SQUARE LOCATION THAT'S ASKING FOR 200 SOME ODD FEET.
IN OTHER WORDS, THE PROPERTY TAX REVENUE THAT WE'RE ESTIMATING IS GONNA BE CONTINGENT ON WHAT WE ALLOW TO BE BUILT.
[00:55:01]
I'M SPECIFICALLY THINKING ABOUT THE DELWOOD AND THE HANCOCK SHOPPING CENTERS.UM, EH, DO WE KNOW WHAT THE, THE, THE HEIGHT LIMITATIONS ARE, OR WHAT THE HEIGHT EXPECTATIONS ARE FOR THOSE TWO AREAS? UM, I THINK, WE'LL, WE CAN HAVE THAT INFORMATION AVAILABLE FOR YOU LATER THIS WEEK, UM, MOST LIKELY.
BUT I, I THINK IT'S ALSO IMPORTANT TO NOTE, UM, THAT WHEN IT COMES TO THE TUR FUNDING, THE ANTICIPATED USE OF THAT WOULD BE FOR THOSE PHASE THREE THROUGH FIVE ELEMENTS, NOT THE ROADWAY ELEMENTS OR THE, THE, UM, THE CAP STRUCTURES.
UM, SO THAT IS MUCH FURTHER DOWN THE ROAD.
UM, AND ALSO RELATIVE TO MILLER, UM, THE MILLER TOWN CENTER, WHERE YOU HAVE THE HIGHEST IS, UM, IT'S STILL, IT'S BELOW THREE FAR MM-HMM.
SO AS WE LOOK AT THAT RANGE OF TWO TO THREE FOR THESE AREAS, IT'S, IT HAS SIMILARITIES TO SURROUNDING AREAS.
BUT I, I GUESS AGAIN, MY SENSE OF IT WOULD BE THAT, AND, AND, AND AGAIN, FROM A, UH, FROM A FINANCIAL PERSPECTIVE, IF WE'RE TALKING ABOUT CAPPING THESE AREAS AND PUTTING SIX STORY BUILDINGS ON THEM, I'M NOT SURE IT MAKES FINANCIAL SENSE.
I MEAN, IN TERMS OF THE, ULTIMATELY THE TOURS AND THE REVENUE THAT THE TOURS WOULD GENERATE IS GONNA BE CAPPED BECAUSE THESE BUILDINGS ARE GONNA BE ONLY SO HIGH AND THEY'RE ONLY GONNA GENERATE SO MUCH PROPERTY TAX.
TO ME, AGAIN, THINKING ABOUT DOING THIS AND DOING IT IN A FISCALLY RESPONSIBLE WAY, UH, IF WE'RE TALKING ABOUT 20 STORY BUILDINGS, UH, AT, YOU KNOW, HANCOCK AT DELWOOD, THAT'S A COMPLETELY AND TOTALLY DIFFERENT ECONOMIC MODEL.
THAT'S A COMPLETELY, TOTALLY DIFFERENT SCALE OF, UH, PROPERTY TAX GENERATION.
UH, AND THINKING ABOUT IT, AGAIN, JUST KIND OF CONCEPTUALLY THINKING ABOUT IT, UH, YOU KNOW, EVEN IF WE TAP IT, THERE'S STILL GONNA BE A LOT OF VEHICULAR TRAFFIC THROUGH THERE.
THE ACCESS ROADS ARE GONNA BE SUBSTANTIAL.
UH, MY SENSE WOULD BE THE TALL BUILDING SURROUNDING THESE PROPERTIES WOULD ESSENTIALLY ACT AS A, AS A BUFFER, YOU KNOW, AS A SHIELD BASICALLY BETWEEN, YOU KNOW, THE HIGHWAY, THE, THE VEHICULAR TRAFFIC, AND, UH, AND THEN, YOU KNOW, THE AREAS AROUND IT, THE NEIGHBORHOODS AROUND IT.
NOT ONLY THAT, BUT IF YOU PUT LARGE BUILDINGS THERE WITH LOTS OF PEOPLE, AGAIN, WHETHER THEY BE A, YOU KNOW, A HOTEL OR A RESIDENTIAL TOWER OR WHATEVER THE CASE MAY BE, THEN THOSE ARE THE PEOPLE THAT ARE GONNA BE GOING TO THE CAPS AND ENJOYING THE AMENITIES ON THE CAPS.
AND SO YOU, YOU CREATE THAT BENEVOLENT CYCLE.
SO I, I, I THINK JUST AS WE'RE, WE'RE, WE'RE LOOKING FORWARD AT THIS, UM, I, I, I THINK WE HAVE TO BE AMBITIOUS ABOUT WHAT WE ENVISION IN THE AREAS, UH, SURROUNDING THE CAPS, UH, PARTICULARLY, UH, NOT JUST FOR KIND OF QUALITY OF LIFE AND, AND, AND CITYSCAPE PURPOSES, BUT PARTICULARLY I THINK FOR THE PROPERTY TAX, UH, UH, GENERATION, UH, PURPOSES.
AND FOR, UH, FOR PAYING FOR THOSE, UH, THOSE CAPS, UH, AND AMENITIES.
UM, I, I, I'LL BE VERY CURIOUS TO SEE WHAT THE, UH, ANALYSIS SHOWS AND, AND, AND WHAT THE, UH, UH, WHAT THE, UH, ESTIMATES ARE FOR THE, THE TYPE AND SIZE OF THE BUILDINGS THAT THAT CAN BE BUILT THERE.
UM, SO ON THE NORTHERN CAPS, THE, UH, RED LINE RUNS RIGHT THROUGH THAT AREA.
UM, HAS THERE BEEN ANY CONVERSATIONS ABOUT A FUTURE TRANSIT STOP AT, UH, THE, THE RED LINE AND, AND I 35 RIGHT THERE? UM, YEAH, THAT'S A QUESTION THAT WE'VE HEARD, UM, A LOT OF, UH, COMMUNITY INTEREST IN.
UM, WE'VE NOT HAD A DIRECT CONVERSATION WITH CAP METRO ABOUT THE POTENTIAL VIABILITY OF, UH, A STOP OR A STATION, UM, AT THAT LOCATION.
BUT, UM, UH, I, I THINK, UM, THEY'RE AWARE THAT THERE'S, IT PUT COMMUNITY INTEREST IN, IN THAT, UM, AND THAT, UM, THAT IS A CONVERSATION TO HAVE.
AND I APPRECIATE THAT, AND I'VE DISCUSSED IT WITH CAPITAL METRO STAFF, AND, AND AGAIN, THERE'S WE'RE MANY STEPS FROM THERE, RIGHT? WE GOTTA DOUBLE TRACK IT FIRST.
UH, BUT THERE IS THAT POTENTIAL FOR A TOD ORIENTED DEVELOPMENT, SPECIFICALLY AT, UH, RED LINE, UH, WHERE THE RED LINE CROSSES 35.
AND, AND AGAIN, JUST FROM KIND OF THE BIRD'S EYE VIEW, IT SURE LOOKS LIKE IT WOULD BE A GREAT SPOT, UH, FOR A, UH, A TRANSIT, UH, ORIENTED, UH, DEVELOPMENT.
UM, FINALLY THINKING ABOUT THE, THE, THE 800 FOOT CAPS, UM, GOD, I, I FEEL LIKE WE'RE BEING PENNY WISE AND POUND FOOLISH ON A, A 800 FOOT CAPS.
UH, I, I VISITED THE, THE PHOENIX, UH, CAPS.
[01:00:01]
LARGE CAP GOING THROUGH, UH, UH, COVERING I 10 ON PHOENIX.THEIR PUBLIC LIBRARY IS RIGHT NEXT TO IT.
IT'S A, YOU KNOW, BIG, UH, NICE, UH, PARK THERE.
UM, AND THE DIFFERENCE BETWEEN STANDING KIND OF ON THE EDGE OF THE CAP AND STANDING ON THE MIDDLE OF THE CAP IS SUBSTANTIAL.
UH, IF WE HAVE DALLAS IS, IS SIMILAR.
I MEAN, I, I'VE BEEN TO THE CLA WARREN, UH, PARK, AND AGAIN, YOU KNOW, AS YOU KIND OF MOVE INTO THE MIDDLE OF THE CAP, YOU REALLY HAVE NO IDEA THAT YOU'RE EVEN STANDING ABOVE A HIGHWAY.
I'M NOT SURE THOSE 800 FOOT STRETCHES QUITE GET US THERE.
I THINK WE'RE KIND OF DEALING WITH THE SAME SITUATION IN TERMS OF THE STITCHES WHERE I JUST DON'T SEE THOSE, YOU KNOW, 300 FOOT STITCHES OR, YOU KNOW, THE 800 FOOT.
I, I, I THINK THAT FULL CAP REALLY DOES CAPTURE THE BENEFITS, BOTH IN TERMS OF THE LIGHT POLLUTION.
YOU HAVE LESS LIGHT POLLUTION, YOU HAVE LESS SOUND POLLUTION.
OBVIOUSLY THE, THE AIR POLLUTION IS ALSO BLOCKED TO A CERTAIN EXTENT.
OBVIOUSLY IT COMES OUT THE SIDES, BUT AT LEAST IT'S NOT IN THE MIDDLE OF THE CAP, UH, WHERE, YOU KNOW, THE, UH, A LOT OF, UH, THE ACTIVITIES ARE.
AND ANYWAY, I JUST WANTED TO GIVE THAT, THAT KIND OF QUICK, UH, FEEDBACK IN TERMS OF, UH, IN TERMS OF, UH, IF WE'RE GONNA GO THROUGH THE TROUBLE OF, YOU KNOW, DOING THIS, MY SENSE WOULD BE TO GO AHEAD AND DO FULL CAPS AND, AND, AND DO IT.
THAT SAID, IF WE DECIDE TO BUILD THE FOUNDATIONAL ELEMENTS, LET'S SAY WE DECIDE TO BUILD ALL THE FOUNDATION ELEMENTS, WE COULD STILL DECIDE TO JUST BUILD AN 800 FOOT CAP DOWN THE ROAD.
IS, IS THAT, IS THAT CORRECT? UM, I BELIEVE THAT'S CORRECT.
UM, ACTU, UH, MY TEXT DOT COLLEAGUE IS NODDING AT ME,
AND ACTUALLY IT JUST STRUCK ME THAT, UM, WITH TEXTILE IN THE ROOM, THEY COULD COME AND HELP ANSWER YOUR QUESTION ABOUT THE COST INCREASE TO THE ROADWAY ELEMENTS.
IF, IF YOU LIKE, UH, I WOULD, UH, APPRECIATE IT.
I'LL KIND OF USE MY CHEAT SHEET HERE, BUT, UM, UH, COUNCIL MEMBER BAYLA YOUR QUESTION, IF WE, IF WE'RE JUST TALKING ABOUT THE NORTHERN PATH, IF YOU DON'T MIND, IDENTIFY YOURSELF.
SO, RECORD, I'M HEATHER ASHLEY NEN, I'M THE TPD DIRECTOR OF TXTS AUSTIN DISTRICT.
UH, SO TO ANSWER YOUR QUESTION ON THE INCREASE, I THINK MAINLY IN THE NORTHERN, NORTHERN KAPPI, WERE ASKING THAT QUESTION ON, UM, ONE THING, IT GOT TWO ACRES BIGGER.
UM, WHEN WE HAD THE SPEWY AT AIRPORT, WE DIDN'T HAVE NEAR AS MUCH OF A CAP ON THAT NORTHERN SIDE OF THE RED LINE.
UM, BUT JUST ULTIMATELY, UH, I MEAN, LADY BIRD LAKE THAT JUST LET FOR US, UH, AWARDED, STARTED OUT AT 300.
SO YEAH, COSTS ARE GOING HIGHER, SO THAT'S WHY IT, IT WOULD BE REALLY GOOD IDEA TO GET AS MUCH AS YOU CAN RIGHT NOW ON TOP OF THE ROADWAY ELEMENTS, BUT FOR THE NORTHERN ALONE TO ACCOMMODATE THE FULL THING AS 180 MILLION.
UM, AND THE, UH, YOU MENTIONED CLYDE WARREN.
SO CLYDE WARREN, THAT BIG SECTION IS ONLY 640 FEET IN LENGTH, SO IT FEELS, YOU KNOW, WHEN YOU SAY 800 IS NOT A LOT, UM, IT, IT ACTUALLY IS QUITE, QUITE LARGE AND THEN YOU DON'T HAVE AS MUCH UPFRONT COSTS, UM, FOR THE TUNNEL SUPPORT BUILDINGS AND THE OFFSITE MONITORING AND SOME OF THAT STUFF.
DOES CLY WARREN NOT HAVE ANY FIRE SUPPRESSION, UH, UH, ELEMENTS OR ANYTHING LIKE THAT? CLYDE WARREN HAS, UM, FANS AND IT HAS LIGHTING THAT WOULD BE NEEDED IN THE FIRE SUPPRESSION AS WELL.
UM, BUT AGAIN, IT WAS BUILT, UM, IN 2010 MM-HMM.
UH, WITH, UH, REGARD TO, UH, NOW THAT I'VE GOT YOU UP HERE, ACTUALLY,
UM, ANY SENSE OF, OF WHAT IS GONNA HAPPEN TO THAT LAND, WHICH LAND THIS IS? I I'M THINKING ABOUT THE, UH, FOR EXAMPLE, NEXT TO THE IN AND OUT, UH, THERE AND KIND OF, YOU KNOW, UH, UH, JUST NORTH OF AIRPORT, ESSENTIALLY JUST, UH, YOU KNOW, KIND OF BETWEEN KIND OF 45TH AND AIRPORT WHERE THAT HITS JUST EAST OF THERE.
YOU'RE, YOU'RE, YOU'VE, YOU KNOW, TAKEN A, A, A BUNCH OF LAND AROUND THERE AND LIKE, FOR EXAMPLE, THAT, UH, RAMP GOING FROM AIRPORT, UH, ONTO THE UPPER DECK THAT'S GONNA GO AWAY.
AND THERE'S GONNA BE A, A PRETTY, SOME PRETTY BIG CHUNKS OF LAND AROUND, UH, AIRPORT AND, AND, AND 35 THAT ARE, YOU KNOW, TXDOT LAND THAT YOU'RE NOT GONNA NEED FOR HIGHWAY PURPOSES.
'CAUSE YOU'RE DESIGNING THE, THE HIGHWAY DIFFERENTLY.
A ANY, I KNOW, AGAIN, I KNOW THIS IS, YOU KNOW, VERY EARLY IN THE PROCESS, BUT ANY SENSE OF WHAT'S GONNA HAPPEN TO THAT LAND? SO THOSE HAVE ALWAYS BEEN IDENTIFIED IN OUR SCHEMATICS AS ENHANCED, UH, AESTHETIC OPPORTUNITIES.
SO WE WOULD DO PARK-LIKE AMENITIES IN THOSE AREAS.
AND, AND SO THAT'S WHAT THE INTENT FOR THOSE AREAS ARE.
AND, AND NOW THAT WE'VE DONE THE TRADITIONAL INTERSECTION INSTEAD OF THIS BUOY INTERSECTION, UM, I FEEL LIKE THAT IT'S
[01:05:01]
MORE ACCESSIBLE, UH, FROM A PEDESTRIAN, UH, ACCESS POINT.AND SO THERE'S MORE OPPORTUNITIES IN THOSE AREAS.
UH, I, I, I VERY MUCH, UH, UH, APPRECIATE THAT.
UH, AND THE, UM, AND I WOULD SAY THIS AGAIN, I KNOW WE'RE OBVIOUSLY, IT'S A LOT OF MONEY, WE'RE GONNA HAVE TO MAKE SOME, UH, UH, UH, DECISIONS.
BUT MY, MY, MY KIND OF SENSE WOULD BE THAT IF THERE WAS ONE, UH, CAP THAT I WOULD BE WILLING TO, UH, SAY NO TO RIGHT NOW, EVEN FOR THE ROADWAY ELEMENTS PURPOSES, UH, IT WOULD BE NORTH OF THE RED LINE BETWEEN THE RED LINE AND AIRPORT.
THE STAFF IDENTIFIED THAT AS WELL.
UM, BECAUSE, UH, I AM VERY FAMILIAR WITH THAT AREA.
UH, AND I'VE RENTED APARTMENTS RIGHT AROUND THERE FOR MANY, MANY YEARS.
UH, THERE'S JUST NOT A LOT OF ADJACENT LAND THAT YOU CAN REALLY DO MUCH OF ANYTHING WITH.
I THINK MOST OF THE LAND IS GONNA BE TDO LAND.
THE REMAINING LAND IS ESSENTIALLY SINGLE FAMILY HOMES THAT ARE GONNA BE, YOU KNOW, ABUTTING THE, THE, THE TDO LAND.
UM, AND AGAIN, IF WE'RE JUST TALKING ABOUT GETTING TO A, A, A REASONABLE PRICE, UH, MY MY SENSE OF THAT NORTH OF, OF, OF WHERE THE TRAIN TRACKS GO THERE, UH, AND THEN THERE'S GONNA BE ACCESS ISSUES THERE TOO, IN TERMS OF THE, THE, UH, ACCESS ROADS ARE GONNA BE BELOW GRADE AT THAT POINT, RIGHT? THERE IS.
UM, BUT YOU COULD BRIDGE OVER, I MEAN, BUT YOU HAVE FULL ACCESS ONTO AIRPORT NOW.
LIKE ANY, LIKE FIRST TO FOURTH AS WELL.
UM, BUT THE ACCOMMODATE ONLY FOR SOUTH OF THE RED LINE IS 125 MILLION, SO, MM-HMM.
FOR FULL BUILD FOR THE NORTHERN CAP SOUTH OF THE RED LINE, UH, THE, THE RED LINE.
BUT STILL, WE'RE CLIPPING ABOUT $55 MILLION OFF THE COST IF WE DON'T MESS WITH, UH, UH, ANYTHING NORTH OF THE RED LINE.
WELL, I, I JUST, THAT, THAT WOULD BE MY, MY SENSE.
AND AGAIN, JUST TO BE TRANSPARENT, UH, I, I WOULD GO WITH ALL THE ROADWAY ELEMENTS EXCEPT FOR, UH, THAT LAST PIECE, UH, JUST NORTH OF THE RED LINE.
'CAUSE I DON'T THINK THAT TURS OR TIFF IS GOING TO GENERATE REALLY A DIME.
SO COUNCIL MEMBER, BEFORE I CALL UP, IT'S, IT'S COUNCIL MEMBER CADRE AND COUNCIL MEMBER VELASQUEZ, BUT WHILE WE HAVE HER THERE, CAN, CAN I GO BACK TO MY FHWA QUESTION? SURE.
AND, AND, UM, I'M NOT TRYING TO CREATE A FIGHT, BUT MM-HMM.
BUT, UH, IT WAS, IT WAS MY UNDERSTANDING THAT FHWA GAVE THE GO AHEAD TO ALLOW US TO TAKE THE $105 MILLION AND SPEND IT INCLUDING ON THE, THE ROADWAY INFRASTRUCTURE.
NOT JUST A CAP, BUT ON THE ROADWAY INFRASTRUCTURE UP, UP.
AND I'M, I'M STARTING TO VE SO I'M SAYING UP THE SYSTEM TO THE NORTH WITH AN EXCEPTION THAT A CERTAIN AMOUNT, AND I'M NOT REMEMBERING THE AMOUNT, BUT A CERTAIN AMOUNT HAD TO BE SPENT FOR THE AMENITY.
BUT WE COULD ALSO HAVE SPENT THAT ON ROADWAY INFRASTRUCTURE.
UM, BUT YEAH, WE, THAT'S ALWAYS THE KIND OF JUROR I WANTED.
UM, BUT, UM, IT'S MY UNDERSTANDING, YOU KNOW, WE GAVE SOME OPTIONS ON THE 800 FOOT LINK.
SO WHEN YOU REALLY, WHAT, UM, WHAT WE'RE TRYING TO LAY OUT IS LIKE COMMITTED FUNDING SOURCES THAT WE NEED RIGHT NOW.
UM, SO ULTIMATELY, UM, IT'S 150 MILLION FOR THE 105 AND THE 45, SO THAT'S 105 FEDERAL 45 MATCH.
UM, IF WE DID THE SMALLER 800 FOOT SECTIONS BETWEEN CESAR AND FOURTH, UM, IF, IF WE JUST DID THE ACCOMMODATE FOR THAT AT 68 MILLION, UM, BUT IF WE DID, UM, LET'S SEE.
SO IF, IF WE ACCOMMODATED AND PUT A LID ON AND PUT MINIMAL, UH, MINIMAL AMENITIES AND JUST GRASS AND SHARED USE PATH, RIGHT? BUT THAT'S, BUT YOU WOULD HAVE TIME TO RAISE IT.
WHAT WE'RE LOOKING FOR RIGHT NOW IS JUST COMMITTED MONEY AND MINIMAL UNDERSTAND, UM, THAT IT'S MY UNDERSTANDING THAT YOU COULD USE THAT ON ROADWAY ELEMENTS OUTSIDE OF FIRST TO FOURTH, BUT WE REALLY NEED TO CONFIRM, OKAY? MM-HMM.
SO IF THERE'S ANY DELTA OF THE ONE 50.
WELL, I WOULD LIKE EVERYONE THAT I'M ASKING THIS QUESTION OF, 'CAUSE I, I CAME IN HERE TODAY MM-HMM.
[01:10:01]
ELEMENTS THAT WOULD ALLOW US TO, AS, AS COUNCIL MEMBER VELA HAS INDICATED, EVEN EVEN PUNT SOME OF THE OTHER STUFF.BUT FUTURE, BUT IN ESSENCE, FUTURE PROOF, WHAT WE WERE ATTEMPTING TO DO WITH THE EXCEPTION OF THAT, OUT OF THAT 150 MILLION, THERE WOULD NEED TO BE, SOME OF IT GO TO AMENITY, BUT EVEN THEN, IT'S LIKE YOU SAID, YOU COULD SAY, WE'RE GONNA SPEND X NUMBER FOR A AMENITY AND WE'LL RAISE THE REST, OR WE'LL DO SOMETHING ELSE.
BUT WE WOULD HAVE THE FOUNDATIONAL ASPECTS OF IT UP TO $150 MILLION.
SO WE ASKED THE FIRST QUESTION, UH, TO THEM, COULD WE JUST DO ROADWAY AILMENTS AND THEN SPREAD IT OUT? THEY SAID NO TO THAT.
SO THEN WE CAME BACK AND WE SAID, WELL, WE HAVE THESE OPTIONS.
WE, WHERE WE ONLY DO 800, IT REDUCES THE COST.
AND THEN, YOU KNOW, IF WE HAD EXTRA MONEY WITH THAT REDUCED SCOPE, AND THEY AGREED THAT THAT REDUCED SCOPE FITS THE VISION OF THE GRANT APPLICATION, IF THAT REDUCED AREA, THEN THERE WAS EXTRA FROM THE ONE 50, YOU COULD SPREAD THAT OUT.
BUT THEY STILL WANT A FULL BILL.
MAYBE YOU'RE MORE SPECIFIC WITH WHAT I WAS SAYING.
RIGHT, BUT WHAT THEY'RE, SO LET ME, LET ME SAY THIS OUT LOUD AND MR. GOOD, IF YOU DON'T MIND.
STEP ONE IS WE HAVE $105 MILLION.
STEP TWO IS WE HAVE 45 MILLION IN A CIVIL LOAN THAT CAN BE ADDED TO THAT.
UM, SO 41, STEP THREE IS THAT FHWA HAS SAID IT'S OKAY IF YOU REDUCE THE ASSESSOR CHAVEZ CAP TO AN 800 FOOT CAP FROM WHAT YOU ACTUALLY APPLIED FOR THAT.
STEP FIVE IS, THEY'VE SAID IF YOU DO THE, YOU GOTTA DO THE 800 FOOT CAP, YOU, THAT'S THE AMENITY YOU HAVE TO DO WITH THE LID AND THE AMENITY.
THAT THAT'S, THAT'S WHAT YOU HAVE TO DO.
BUT YOU CAN TAKE THE DIFFERENCE, THE A HUNDRED AND ROUGHLY 50 MILLION AND I GET THE 146 MILLION, THE 146 MILLION, YOU CAN TAKE THE DIFFERENCE BETWEEN 146 MILLION AND THE 800 FOOT ASSESSOR CHAVEZ DEAL AND USE IT TO BUILD EVEN ROADWAY INFRASTRUCTURE IN OTHER PARTS.
UM, SO THERE'S A COUPLE DIFFERENT OPTIONS THAT WE LOOKED AT.
UM, ONE OF THEM WOULD BE, UM, 128 OR 129 MILLION, BUT THEN THERE'S ALSO AN OPTION THAT'S 105 MILLION.
SO THEN YOU COULD PUT MINIMAL, UH, AMENITIES ON TOP OF THAT AND SPREAD IT OUT.
SO THERE'S SOME DIFFERENT CONFIGURATIONS TO LOOK AT, BUT, UM, BUT BASED ON THE REDUCTION OF THE SCOPE BETWEEN CAESAR AND FOREST UNDERSTAND COULD SPREAD MORE.
WELL, WHAT I WANT MAKE SURE THAT EVERYBODY KNOWS IS THE $45 MILLION MATCH, THAT'S STILL IN OUR GAP.
WE COMMITTED TO IT, BUT WE HAVEN'T, THAT'S STILL PART OF THIS CITY FUNDING WE HAVE TO COME UP WITH.
SO WHEN I THINK MICHELLE EVEN SAID WE HAVE 150, WE HAVE 105, WE HAVE, WE ARE COMMITTED TO MATCHING THAT, BUT THAT'S STILL PART OF OUR FUNDING NEED.
WELL THEN LET ME THEN, THEN, LET ME HELP CLARIFY THAT.
WHAT I ALSO HEARD HER SAY WAS THAT WE HAVE APPROVAL FROM FHWA TO USE THE S LOAN.
SO REALLY WE HAVE AS THE MATCH.
NO, SO DON'T ADD THE 150 PLUS THE 41.
WE'VE HAD A SLIDE THAT'S, THAT'S WHY I KEEP ADDING IT TOGETHER TO COME UP TO I'M, I ROUNDED IT TO ONE 50, BUT IT'S 141.
146
LEMME TELL YOU, FIGURE THIS OUT.
AS LONG AS THIS, AS LONG AS AS IT'S 14 OR BETTER.
WELL, AND MAYOR, TO CONTINUE MY, MY DREAM KILLER.
UM, SO IF I'LL DRAW YOUR ATTENTION TO SLIDE 19 OF THE PRESENTATION.
AND THAT BREAKS OUT THE COST OF AN 800 FOOT LONG CAP FOR CESAR CHAVEZ TO FOURTH, UM, THE TOTAL COST OF A FULL, UM, UM, PROJECT THERE.
AND THAT'S JUST GRASS TREES, NOT A LOT OF EXTRA STUFF IS 168 MILLION.
SO THERE WOULD NOT BE A DELTA THAT WE COULD APPLY TO OTHER PORTIONS OF THE PROJECT.
AND I'LL JUST FURTHER KILL THE DREAM.
UM, SO, UM, FOR HEATHER, THEY'RE, THEY'RE EATING YOU ALIVE
I DON'T CARE IF YOU KNOW
[01:15:01]
SIB 41 SIB ACCOUNT TOWARD OUR MATCH, IT WOULD HAVE TO BE EXPENDED IN WITHIN THIS PROJECT EXTENT.CAN I JUST CLARIFY THAT? BECAUSE I THOUGHT JUST BASED ON THE CONVERSATION YOU WERE HAVING THAT AS LONG AS IT FUNDED THE ROADWAY ELEMENTS AND THE DECKS THEN, AND IT, IT STILL MET THE SCOPE OF THE GRANT AT 800 FOOT, THEN WE COULD APPLY ANY LEFTOVER TO OTHER ROADWAY.
BUT WHAT YOU'RE SAYING, ALL OF THE GRANT FUNDING HAS TO BE APPLIED TO THE AMENITIES, EVEN THOUGH WE KNOW THAT HALF OF THAT CAN BE RAISED IN THE PRIVATE SECTOR.
UH, I, I, THERE'S, THERE'S TWO POINTS TO, TO THINK ABOUT.
ONE, UM, THE GRANT HAS A REQUIREMENT THAT IT BE A FINISHED NOT JUST THE ROADWAY ELEMENTS IN THE DECK.
YOU HAVE TO HAVE AT LEAST GRASS TREES, UM, KIND OF MINIMAL FINISHING ELEMENTS THERE.
SO THAT'S, THAT'S WHAT TAKES YOU.
SO THAT 38 MILLION IS THE MINIMAL PART OF THE AMENITIES FOR THE DECK.
AND THAT, UM, PHASE ONE AMENITIES PACKAGE BASICALLY INCLUDES EVERYTHING ABOVE THE DECK.
SO IT'S, YES, IT'S GRASS AND TREES, BUT IT'S ALSO THE UTILITY RUNS THAT HAVE TO GO UNDER THE DIRT, THE STRUCTURAL FOAM, GEO FOAM, WHAT HAVE YOU.
UM, THERE'S A LOT BAKED INTO THAT, UM, PHASE ONE AMENITY PACKAGE.
BUT FHWA DID GIVE US THE GREEN LIGHT ON REALLY SCALING IT BACK.
UM, GRASS, TREES, PADS, MINIMAL.
COUNCIL MEMBER CORY, FOLLOWED BY COUNCIL MEMBER VELASQUEZ AND COUNCIL MEMBER FUENTES, IF SHE STILL NEEDS TO ASK.
UH, AND I REALLY APPRECIATE THE PRESENTATION.
APPRECIATE, UH, TEXT STOP BEING HERE.
UM, AND I DON'T THINK ANYONE'S A DREAM KILLER.
I THINK YOU GUYS ARE JUST LIKE REROUTING DREAMS
BUT, UH, I JUST WANTED TO MAKE A FEW POINTS AND THEN I I DID HAVE A FEW QUESTIONS TO ASK.
UM, I APPRECIATE THE PRESENTATION.
YOU KNOW, I THINK EVERYONE ON THE DICE WOULD AGREE THIS IS A MULTI-GENERATIONAL PROJECT THAT'S, THAT'S GOING ON AND EVERYONE WANTS TO JUST MAKE SURE WE GET IT RIGHT.
UH, THERE'S A LOT OF FOLKS, UH, WHO ARE COUNTING ON US, UH, WHO ARE HERE IN THE CITY RIGHT NOW WHO MIGHT MOVE HERE SOON OR WHO AREN'T, WHO WILL EVENTUALLY BE BORN AND, AND LIVE IN THE CITY.
SO WE JUST WANNA MAKE SURE WE GET IT RIGHT.
I, I THINK SOME, SOME, SOME THINGS THAT CAME TO MY MIND, UH, AS IT RELATES TO DISTRICT NINE.
IT WAS, YOU KNOW, LOOKING AT THE AIRPORT TO THE RED LINE CAP, YOU KNOW, I THINK IT MAKES SENSE DELETING THAT CAP, UH, BECAUSE THE CONNECTION, YOU KNOW, YOU KNOW, WITH THE CONNECTION POINTS, YOU CAN REALLY ONLY GET THERE BY WALKING TO AIRPORT BOULEVARD FROM WHAT WE SAW.
UH, AND THAT, IN MY OPINION, ISN'T SUPER PRACTICAL.
UM, I THINK WE SHOULD CONSIDER REDUCING THE, THE CESAR CHAVEZ, UH, STITCH TO AN ENHANCED CROSSING, UM, JUST BECAUSE I'M NOT, I'M NOT FULLY SOLD ON IT BECAUSE OF, OF THE COST AND, AND WHAT WE ACTUALLY GET OUT OF IT.
UH, AND I SEE HOW THAT CAN BE COVERED BY TECH DOTS, UH, EXISTING COMMITMENT TO DO ENHANCED CROSSINGS.
AND THEN I, I THINK OUTSIDE OF THAT, YOU KNOW, JUST MAKING SURE WE MAKE A CONS, CONCERTED EFFORT TO FUND ALL THE ROADWAY ELEMENTS, UH, FOR THE CAP AND, AND STITCH VISION.
UM, I DID HAVE A FEW QUESTIONS, UM, AND I'LL TRY TO MAKE THEM AS, AS QUICK AS I CAN.
UM, AND I GUESS I'LL STOP, START FROM THE BOTTOM OF MY QUESTIONS AND THEN WORK MY WAY UP.
UH, I, I JUST, I REMEMBER PALM PARK HAVING A CONNECTION TO CESAR CHAVEZ, UH, TO THE, TO THE CESAR CHAVEZ AND FOURTH STREET CAP PREVIOUSLY.
WHAT'S CHANGED BETWEEN WHEN THAT WAS THERE AND, AND NOW? RIGHT.
SO THAT, UM, LITTLE, UM, WE CALL IT THE TAB THAT, UM, EXTENDS ACROSS THE FRONTAGE ROWS TO CONNECT TO FOURTH STREET, UM, KIND OF CAT CORNER FROM PAUL PARK.
UM, WE'VE BEEN WORKING WITH, UM, TDOT TO FIGURE OUT EXACTLY WHERE IT NEEDS TO BE LOCATED WHILE MEETING THEIR VERTICAL CLEARANCE REQUIREMENT BELOW.
UM, SO BECAUSE THOSE FRONTAGE ROADS ARE RISING, AS YOU MOVE SOUTH TO MEET, UM, THE INTERSECTION AT CESAR CHAVEZ, WE HAD TO SHIFT THAT CAP SLIGHTLY CLOSER TO THE RED LINE, UM, IN ORDER TO MEET THAT REQUIREMENT.
SO THE CAP, UM, COVERS THE CONNECTION AT THIRD STREET.
UM, SO IT'S EFFECTIVELY BETWEEN THIRD AND FOURTH.
SO IT'LL BE KIND OF CAT CORNER FROM PALM PARK RATHER THAN RIGHT UP AGAIN AT ITS FRONTAGE.
IT REALLY IS VERTICAL CLEARANCE COUNCIL MEMBER.
UM, AND THEN WHEN IT COMES TO THE CHERRYWOOD HANCOCK PLANNING STUDY, WHICH I BELIEVE IS STILL ONGOING, UH, YOU KNOW, WE AS A COUNCIL, YOU KNOW, THOUGHT IT WAS WORTH STAFF'S TIME TO, TO WORK ON, AND I THINK WE EXPECT TO SEE UPZONING, UH, YOU KNOW, WHEN THE STUDY IS DONE.
UM, HOW, HOW IS THAT BEING FACTORED IN, INTO, INTO ALL OF THIS? UM, I DON'T KNOW THAT IT'S NECESSARILY, UM, A, A FACTOR.
I DON'T KNOW THAT, UM, OUR SCHEDULE REALLY PERMITTED TO BE A FACTOR IN TERMS OF THE DECISION THAT YOU WILL BE MAKING ABOUT ROADWAY ELEMENTS.
[01:20:01]
UM, I DO KNOW THAT, UM, THEY'RE VERY MUCH LOOKING FORWARD TO, I, I THINK, UM, FINE TUNING THE, UM, POTENTIAL REVENUE THAT COULD BE GENERATED FROM SURROUNDING REDEVELOPMENT SITES AS COUNCIL MEMBER.UM, VELA WAS, WAS SPEAKING TO EARLIER.
UM, SO, UM, KIM AND HER TEAM HAVE REALLY BEEN, I THINK, UM, IDENTIFYING THAT AS A POTENTIAL REVENUE SOURCE FOR AMENITIES, CAP AMENITIES AND O AND M.
SO THE EXTENT TO WHICH, UM, THEY'RE ABLE TO EXPLORE THE LAND USE IMPLICATIONS OF, OF, OF DENSER DEVELOPMENT AROUND IT, FOR EXAMPLE, THAT WOULD REALLY IMPACT, UM, UH, POTENTIAL REVENUE SOURCES FOR AMENITIES MORE THAN ANYTHING.
AND
IT ACTUALLY HELPS US PROVIDE A MORE ACCURATE VALUE CAPTURE ANALYSIS.
UM, SO AS WE'RE WRAPPING THAT UP, UM, TO, AND SHARE THAT INFORMATION WITH COUNCIL, WE'RE, WE'RE USING THAT INFORMATION TO DRIVE OUR PROJECTIONS ON T'S REVENUE THAT COULD BENEFIT PHASES THREE THROUGH FIVE OF THAT AREA.
UM, AND I THINK IT'S FAIR TO SAY DEVELOPMENT STRATEGY IS GONNA BE REALLY IMPORTANT.
SO MY NEXT QUESTION ARE WHO ARE THE PLAYERS, YOU KNOW, WHAT ARE THEIR ROLES AND THEN HOW ARE WE WORKING TOWARDS A STRATEGY TO ADDRESS THE EQUITY AND REDEVELOPMENT POTENTIAL? YOU KNOW, WITH THE MASSIVE ENDEAVOR THAT WE'RE, WE'RE, WE'RE PARTAKING IN, GOSH, THAT'S A
I MEAN, I THINK WE'VE, THE STAFF HAS BEEN WORKING, WORKING WITH A VARIETY OF DIFFERENT, UM, UM, STAKEHOLDERS JUST ALL ALONG THROUGH THE VISION PLANNING EFFORT OF, AND IN PARTICULAR IN THAT, THAT AREA AROUND THE CHERRYWOOD AND, AND UM, HANCOCK AREA.
UM, BUT THIS IS, THIS IS GONNA BE AN ONGOING EFFORT, UM, FOR US TO CONTINUE TO PULL PEOPLE TO THE TABLE, ESPECIALLY AS WE'RE LOOKING AT POTENTIAL DEVELOPMENTS IN THE SURROUNDING AREA.
UM, THE MARKET, IT'S IMPOSSIBLE FOR US TO A HUNDRED PERCENT PREDICT THE MARKET, SO WE'LL CONTINUE TO PULL PEOPLE TO THE TABLE, UM, ALL ALONG THE WAY.
UH, SO IT'S JUST, I MEAN, IT IS PART OF WHAT WE DO IN TERMS OF JUST ENSURING THAT WE'RE TRYING TO REACH AS MANY PEOPLE AS POSSIBLE, UH, TO ENSURE THE, THE BEST PRODUCT.
UM, HOW ARE THE FUTURE OF THE CAPITAL VIEW CORRIDORS FACTORED INTO THE, INTO ANY REVENUE PROJECTIONS ON T'S FUNDING FOR THIS PROJECT? SO IT, I MEAN, IT WAS GONNA TAKE SOME STATE LEGISLATIVE ACTION FOR, UH, FOR THOSE CAPITAL VIEW CORRIDORS TO CHANGE.
SO WE HAVE TO CONTINUE ASSUMING THAT THEY, THEY EXIST, UM, UNLESS THE STATE GIVES US AN INDICATION OF OTHERWISE.
COUNCIL MEMBER VELASQUEZ FOLLOWED BY COUNCIL MEMBER FUENTES.
AND THANK YOU SO MUCH FOR THE PRESENTATION.
I WAS, UH, CURIOUS IF WE, UH, GO WITH A RECOMMENDED, UH, SCENARIO PRESENTED BY STAFF.
UH, WE WOULD DO AWAY WITH THE, UH, THE STITCH ON HOLLY.
DO WE KNOW, OR CAN YOU DESCRIBE WHAT, WHAT HOLLY TO THE, UM, HIKING BIKE TRAILS THE RIVER WOULD LOOK LIKE THEN? SURE.
SO IN THE VISION PLAN, WHAT YOU'LL SEE IS THAT, UM, EAST AVENUE THAT PROPOSED EAST AVENUE TRAIL BETTERMENT, UM, EXTENDING SOUTH ALONG THE EAST SIDE OF THE CORRIDOR, AND THEN AT HOLLY, UM, CROSSING OVER ON THE HOLLY BRIDGE OVERPASS, UM, TO CONNECT WITH THE BUTLER TRAIL, UM, ON THE WEST SIDE OF THE FREEWAY.
SO, UM, THAT COULD ALL HAPPEN WITH OR WITHOUT THE HOLLY STITCH ITSELF, WHICH WOULD EXTEND SOUTH 300 FEET SOUTH OF THE HOLLY OVERPASS SO THAT, THAT WOULD HAPPEN REGARDLESS IF THAT STITCH WAS THERE OR NOT.
IS THAT, IS THAT WHAT YOU'RE SAYING? YES.
WE COULD ACCOMMODATE THAT WITH OR WITHOUT THE STITCH.
COUNCIL MEMBER FUENTES FOLLOWED BY COUNCIL MEMBER RYAN ALTER.
UM, AND COUNCILOR, BE I APPRECIATE YOUR COMMENTS TODAY.
I WANNA ALSO ECHO THAT I TOO AM COMFORTABLE WITH, UM, WITH NOT MOVING FORWARD WITH THE RED LINE ROADWAY ELEMENTS.
I THINK THAT MAKES SENSE FOR THE REASONS THAT HAVE BEEN OUTLINED, AND I HAVEN'T HEARD ANYONE EXPRESS AN INTEREST AND DESIRE TO SEE THAT CAP FUNDED, UH, THE PART ON THE, ON DOWNTOWN.
UM, AND THAT'S, THIS IS THE PART I REALLY WANNA HONE IN ON.
YOU KNOW, FOR ME, GOING, HAVING A REDUCE, HAVING SAS RECOMMENDATION BE A REDUCTION TO 800 FEET, UH, CERTAINLY GAVE ME A LOT OF PAUSE BECAUSE THE INTENTION OF THIS ENTIRE C AND STITCH PROGRAM WAS REALLY, YOU KNOW, UNDERSTANDING THAT IF WE HAD PUT THE I 35 RENOVATION AND EXPANSION TO THE VOTERS, WE DON'T KNOW IF THAT WOULD'VE PASSED IN OUR COMMUNITY.
BUT AT THIS POINT, WE'RE TRYING TO MAKE THE SILVER LINING TO THIS PROJECT AND TRYING TO ENSURE THAT
[01:25:02]
AUSTINITES, AFTER GOING THROUGH 10 YEARS OF TRAFFIC CONGESTION AND DELAYS, UH, THROUGH THE MIDDLE OF OUR DOWNTOWN, THAT WE CAN SHOW AND DEMONSTRATE THIS IS WHAT WE'RE GETTING OUT OF IT.WE'RE GETTING THAT TRUE AUSTINITE EXPERIENCE, THAT RECONNECTION BETWEEN EAST AND WEST AND, AND REALLY RIDING THE HISTORICAL HARMS THAT HAVE HAPPENED AS A RESULT OF HAVING THIS INTERSTATE CUT THROUGH OUR CITY.
WITH THAT IN MIND, HAVING THIS PROPOSAL THAT REDUCES THE DOWNTOWN CAPS I AM CONCERNED WITH.
BUT I WANNA TALK THROUGH, BECAUSE I'M GLAD YOU POINTED OUT THAT CLYDE WARREN CAP WAS ACTUALLY LESS THAN 800 FEET.
I, IF I MAY, PROFESSOR GOOGLE SAYS IT'S 1200 FEET LONG.
UH, WELL, THE, THE ONE IN BETWEEN THE ROAD, SO THERE'S ONE'S ON THE SMALLER SIDE.
YEAH, THE ONE IN BETWEEN THE ROAD.
UH, AND, AND, AND THAT, THAT MAY BE, BUT I'M JUST SAYING LIKE THE, THE ONE, THE CAP THAT WE VISITED, UH, COUNCIL MEMBER FUENTES IS 1200 FEET FROM END TO END CROSSING THE ROADS.
SO I FEEL STRONGLY THAT THE DOWNTOWN CAP SHOULD BE FULL SIZE.
AND I, I REALLY DO BELIEVE IF WE WANT, THIS IS A TRANSFORMATIONAL OPPORTUNITY FOR US, HAVING THE ABILITY FOR OUR COMMUNITY TO EXPERIENCE KNOWING THE POTENTIAL THAT IT'S HAD IN OTHER CITIES.
I MEAN, REALLY, UH, THE CONVERSATIONS WE HAVE WITH DALLAS RESIDENTS, WE KNOW THAT PEOPLE FROM ALL OVER WOULD GO TO THEIR DOWNTOWN AND HAVE, UH, THIS INCREDIBLE TIME AT THE PARK AND, AND SEE SHOWS AND EXPERIENCE IT.
UH, SO I REALLY, I WANNA TALK THROUGH THE FUNDING A SCENARIO FUNDING THE THREE DOWNTOWN CAPS THAT FULL SIZE AND WHAT THAT MIGHT LOOK LIKE FOR, UM, AND, AND, AND HERE'S THE OTHER POINT I WANNA MAKE WITH THAT, BECAUSE ON YOUR SCORING MATRIX, THE THREE DOWNTOWN CAPS ALL SCORED VERY HIGH.
I MEAN, THEY ARE ALL WELL WITHIN THE 30 RANGE.
THE NORTHERN CAPS ARE MORE IN THE MEDIUM TIER AS FAR AS PRIORITIZATION, AND THE NORTHERN CAPS SCORED LOW IN TERMS OF EQUITY.
SO FOR ME, REALLY THE DOWNTOWN CAPS IS WHERE I WOULD WANNA PRIORITIZE AND FOCUS.
I UNDERSTAND THAT THERE'S A LOT OF ACTIVITY IN THE NORTHERN AREA, AND SO HAVING, UM, US INVESTING IN THE ROADWAY ELEMENTS IS STILL A CONVERSATION I THINK THAT WE SHOULD EXPLORE.
TO ME, IT'S GONNA COME DOWN TO HOW WE FUND THOSE NORTHERN CAP ROADWAY ELEMENTS, BECAUSE THE OTHER, THE, THE BALANCE HERE, OR THE TRADE OFF IS THAT IF WE GO OUT FOR, UH, FOR VOTER APPROVED BOND DEBT, IT IS GONNA COME AT THE EXPENSE.
WE'RE ASKING OUR VOTERS TO APPROVE ROAD BONDS THAT MIGHT COME AT THE EXPENSE OF US APPROVING A PARK BOND THAT WILL HELP PARKS IN MY DISTRICT IN SOUTH AUSTIN THAT HAVE A VISION PLAN THAT DON'T HAVE THE FUNDING YET FOR DEVELOPMENT.
AND SO WE HAVE TO BALANCE WHAT THAT LOOKS LIKE.
UH, YOU KNOW, THE OTHER BIG PRIORITY FOR US AS POLICY MAKERS IS KNOWING THAT WE HAVE A HOMELESSNESS.
UH, WE RECEIVED A HOMELESSNESS RELATED BRIEFING THAT TOOK A LOOK AT OUR NEEDS TO FULLY FUND A HOMELESSNESS RESPONSE SYSTEM THAT ADDRESSES OUR NEEDS OVER THE NEXT 10 YEARS.
AND THAT WAS MODELED AT 350 MILLION, SO 35 MILLION EACH YEAR FOR US TO CONTINUE OUR INVESTMENTS IN ADDRESSING HOMELESSNESS.
AND SO, I'M NOT COLLEAGUES, WHAT I'M SAYING IS I'M, I'M STILL OPEN TO THE, TO THE SCENARIO OF US FUNDING A NORTHERN CAP.
IT REALLY IS GONNA COME DOWN TO THE FUNDING MECHANISM AND UNDERSTANDING THE, UM, AT WHICH POINT, WHICH CAPS WILL HAVE THE DEVELOPMENT POTENTIAL AS WELL.
BECAUSE I THINK THAT ALSO, UH, NEEDS TO INFORM OUR DECISION MAKING.
AND I KNOW WE GOT SOME PRELIMINARY INFORMATION, BUT, YOU KNOW, KNOWING THAT WE'LL BE VOTING ON THE FUTURE OF OUR CITY IN THREE WEEKS, I WOULD WANNA REALLY TALK THROUGH, UM, THE, THE DEVELOPMENT POTENTIAL ALONG THESE CAPS SO THAT WE CAN ALSO WEIGH THAT INTO, INTO THE CONTEXT.
UM, BI THINK I COVERED, I THINK THE LAST THING I WANTED TO MENTION, UM, AND THANK YOU FOR CLARIFYING ON THE GRANT PORTION, 'CAUSE I, UM, FOUND THE WAY IT WAS PRESENTED HERE, A LITTLE BIT CONFUSING WITH THE 146 MILLION THAT WE HAVE WITH THE NAE GRANT AND WITH THE SIB LOAN THAT JUST TO PUNCTUATE THAT STILL WOULD NOT FULLY FUND THE CESAR CHAVEZ TO FOURTH STREET CAP, WE WOULD STILL HAVE A GAP EVEN TO FUND THE CAP CESAR CHAVEZ TO FOURTH STREET.
THE COMPLETE, UM, COST FOR ROADWAY DECK AT BASIC AMENITIES FOR, UM, JUST THE 800 FOOT LONG CAP IS 1 68.
SO WE WOULD, UM, THAT'S CORRECT.
AND WITH THE ONE LAST QUESTION, WITH THE NAE GRANT, YOU MENTIONED THE CITY STILL HAS TO FUND THE GRANT MATCH.
WE HAVE TO IDENTIFY THE FUNDS FOR OUR, UM, COMMITMENT.
[01:30:02]
HOW IS THAT LOOKING LIKE AT THIS POINT? SO RIGHT NOW, THE, THE MOST DEPENDABLE SOURCE IS THAT STATE INFRASTRUCTURE BANK LOAN, UM, THAT CAN BE APPLIED, UM, TOWARDS THIS.AND, AND SO IF YOU LOOK AT, UM, JUST THE PHASE ONE AND PHASE TWO ELEMENTS OF AN 800 FOOT LONG CAP, UM, YOU'RE AT 130 MILLION RIGHT NOW.
SO WE WOULD BE ABLE TO COVER ALL OF THAT.
AND SOME OF THE PHASE THREE, THE PHASE THREE COMPONENTS THAT, LIKE I'VE, WE NOTED IN SOME OF THE OTHER PARTS OF THE PRESENTATION, THERE'S, THE TIMELINE FOR THAT IS IT'S QUITE A FEW YEARS OUT.
SO IT GIVES US TIME FOR US TO BE LOOKING AT, UM, PARTNERSHIPS AND PHILANTHROPY AND THINGS LIKE THAT FOR US TO BE ABLE TO ACHIEVE THE MINIMUM LEVEL GRASS AND TREES, BUT ALSO IDEALLY MORE THAN THAT.
SO WE WOULD, UM, IF, IF YOU WERE TO APPLY THE ENTIRE 41 MILLION TO THIS AREA, WE WOULD MEET OUR MATCH REQUIREMENT.
UM, AND, AND IT $4 MILLION IS, WE CAN, WE'LL, WE'D BE ABLE TO GET THAT FIGURED OUT.
SO AT THE, AT THE ONE END OF THE SCENARIO SPECTRUM, WE COULD HAVE, WE COULD MOVE FORWARD WITH THE COMMITMENT THAT IS FULLY FUNDED WITHOUT HAVING TO IDENTIFY ANY NEW FUNDS COME DECEMBER 12TH.
UH, AND THEN THE, WELL, I'LL TAKE THAT OFFLINE.
UM, I'M GONNA CALL COUNCIL MEMBER RYAN ALTER AND THEN FOLLOWED BY COUNCIL MEMBER ALLISON ALTER.
BUT BEFORE I DO THAT, UM, I KNOW THAT A NUMBER OF COUNCIL MEMBERS, UH, HAVE PLACES TO BE, IT'S, IT'S ALMOST THREE 30.
UM, WE'VE GOT A BRIEFING ON THE WEBSITE DESIGN, WHICH IS AN ITEM, AN ACTION ITEM FOR, UH, THURSDAY, WHICH COULD BE, WE COULD HAVE A BRIEFING ON IT ON THURSDAY, ASSUMING, UH, THE MANAGER'S OFFICE IS OKAY WITH THAT.
AND WE ALSO HAVE AN EXECUTIVE SESSION SCHEDULED, UH, THAT IS POSTED IN SUCH A WAY THAT WE CAN DO THAT ON THURSDAY AS WELL.
I'M, I'M JUST TRYING TO GET A FEEL FOR THE COUNCIL AT THIS WORK SESSION ABOUT, UH, WHAT, WHAT IT IS THAT WE WANT TO DO.
UH, DO WE WANT TO GO FORWARD ON THOSE ITEMS TODAY OR DO WE WANT TO TRY TO BE EFFICIENT ON THURSDAY AND TAKE THEM UP ON THURSDAY SO THAT WE CAN GET TO, UH, 'CAUSE I, I'M, I'M CONFIDENT YOU ALL DID WHAT I DID, WHICH WAS SCHEDULE THINGS WHAT YOU THOUGHT WAS GOING TO BE LATE IN THE DAY, AND IT'S NOT LATE IN THE DAY ANYMORE.
SO TELL ME IF, IF, IF WE PUNT THOSE TWO ITEMS TO THURSDAY, AM I GOING TO HAVE A, A LOT OF OBJECTION? WELL, THAT'S, THAT SOUNDS LIKE CONSENSUS.
THE SWEET SOUND OF CONSENSUS TO ME.
SO, UM, ALL RIGHT, SO WE'LL FINISH THIS ITEM.
WE DO HAVE SPEAKERS ON THIS ITEM, RIGHT? YEAH.
SO THAT'S THE OTHER THING IS WE GOT SPEAKERS.
COUNCILMAN RYAN ALTER, YOU'RE RECOGNIZED FOR, UH, THANK YOU YES.
FOR COMMENTS AND QUESTIONS AND THEN WE'LL TURN IT TO, WE'LL TURN TO COUNCIL MEMBER ALLISON ALTER.
I PIGGYBACKING ON WHAT COUNCILMAN FUENTES MENTIONED, YOU KNOW, I THINK IT'S REALLY IMPORTANT FOR US TO VIEW THIS HOLISTICALLY, RIGHT? THIS IS NOT JUST THIS DECISION AFFECTS WHAT WE DO ON HOMELESSNESS, PARKS, LIBRARIES, OTHER ROADS, IT'S, IT'S ALL CONNECTED AND AS YOU OUTLINED, CONNECTED THROUGH OUR DEBT CAPACITY.
SO CAN YOU PROVIDE TO US, UM, A NUMERICAL VALUE OF OUR, I KNOW OUR DEBT TO, UH, ASSESS VALUE IS IN THE BUDGET IT WAS 0.76.
UH, OUR POLICY IS TO BE NO MORE THAN 2% TO UNDERSTAND WHAT, WHAT THAT DELTA YIELDS US, RIGHT? SO WE'RE, WE ARE JUST OVER 0.7% RIGHT NOW.
UM, BE SORRY BECAUSE, SORRY, BECAUSE OF, UH, OTHER, UM, KNOWN ISSUANCES, UM, PARTICULARLY AT THE, THE, THIS NEXT ROUND, UM, WE KNOW WE WILL BE NORTH OF 1%, UM, NEXT YEAR.
UM, AND THAT'S ALSO ASSUMING A 3% YEAR OVER YEAR GROWTH IN AV.
UM, IT'S IMPORTANT TO KNOW THAT AV WAS FLAT THIS YEAR, SO, UM, I WISH I HAD A CRYSTAL BALL ON AV VALUATIONS.
UM, THAT WOULD BE HELPFUL IN A LOT OF WAYS.
UM, SO WE ALSO HAVE, THERE'S JUST A LOT OF OTHER LARGE SCALE PROJECTS COMING FORWARD.
UM, MANY OF THEM ARE SELF-SUPPORTED, UM, WHEN IT COMES TO COS, BUT, SO IT DOESN'T NECESSARILY IMPLE IM, UM, IMPACT THE DEBT SERVICE PORTION OF THE TAX RATE, BUT IT WOULD STILL IMPACT THAT 2%.
UM, ALL THAT ALSO TO SAY THAT, UM, THAT 2% AV IS A CHALLENGING METRIC.
SO WE ARE DIGGING INTO OTHER, UH, METRICS THAT WE CAN BE LOOKING AT THAT CAN, CAN CREATE A FULLER PICTURE, UM, FOR Y'ALL TO BE, AS YOU CONSIDER
[01:35:01]
ANY, UM, FUTURE ISSUANCES.BUT WITHIN THAT ANSWER, ARE YOU GOING TO PROVIDE US WITH ACTUAL NUMBERS? IT'S, WELL HERE THE, BECAUSE I NEED TO KNOW IF IT'S 200 MILLION, A HUNDRED BILLION, 102 BILLION THAT, SORRY TO INTERRUPT YOU.
UM, SO THIS NEXT ISSUANCE, UM, IS EXPECTED TO BE OVER $300 MILLION FOR COS, UM, IN ADDITION TO OUR OVERALL, JUST OUR, UM, CONTINUING TO SELL, UM, PREVIOUS VOTER APPROVED BONDS.
SO THAT'S WHERE WE WILL BE OVER 1% NEXT YEAR JUST WITH THOSE FACTORS.
UM, SO IF WHEN WE START PULLING, PUTTING INTO THE MIX ALSO THINGS LIKE A, UH, FUTURE BOND ELECTION, THIS, THE, ALL THE VARIOUS OTHER FACTORS THAT WERE, HAVE BEEN DISCUSSED TODAY, WE WOULD BE PUTTING, PUSHING CLOSER TO 2%.
IT'S VERY HARD TO GIVE AN EXACT NUMBER, BUT WE WOULD BE PUSHING THAT 2%.
WELL, IF YOU COULD AT LEAST EVEN GIVE US A RANGE, YOU KNOW, MAYBE WE'RE LIKE 800 MILLION TO A BILLION OR 500,000,800, JUST OKAY.
I, I HAVE NO CONCEPT OF WHAT THAT SCALE IS.
AND SO I DON'T KNOW IF WE AUTHORIZE 5 MILLION OR 200 MILLION WHAT THAT MEANS FOR OUR OTHER PRIORITIES.
AND I THINK IT'S REALLY IMPORTANT AS WE TALK ABOUT THE THINGS THAT COUNCIL MEMBER POINT HAS IDENTIFIED.
I DO HAVE A QUESTION FOR TEXT DOT, UH, IF HEATHER HAS A MOMENT, GET UP.
SO MOVING FORWARD, WE'RE GONNA GIVE YOU THIS COMMITMENT AND THEN Y'ALL ARE GONNA GO DESIGN NEXT YEAR AND THEN WE HAVE TO PAY YOU, IS IT DECEMBER OF 25 OR EARLY 26? SOMEWHERE AROUND THERE.
SO, UM, ONCE YOU MAKE A DECISION ON ACTUALLY WHAT WE'RE BUILDING IN OUR CONSTRUCTION CONTRACT IN 2026, THAT'S JUST, THAT'S THE DECISION WE NEED TO KNOW NOW.
UM, WE'RE HEADED IN THE 60% DESIGN OF OUR $3 BILLION CONSTRUCTION CONTRACTS.
AND SO WE HAVE TO KNOW EXACTLY WHAT WE'RE PUTTING IN THAT, THAT, UM, DESIGN PLANS.
UM, SO THAT'S WHAT WE NEED THE DESIGN MONEY FOR.
SO WE KNOW, NEED TO KNOW EXACTLY WHAT WE'RE BUILDING, RIGHT? UM, ONCE WE KNOW EXACTLY WHAT WE'RE BUILDING, IF THERE'S MONEY THAT COMES LATER FOR LIKE THE DECK, UM, FOR THE DECK, UH, PORTION, WE WOULD DESIGN THAT ON THE SIDE AS A CHANGE ORDER.
SO, UH, BUT THE MONEY FOR THE CONSTRUCTION WOULD NOT BE DUE UNTIL THE CONSTRUCTION AWARD.
AND SO WE COULD DO A PAYMENT PLAN ON THAT IF IT'S MORE, BUT IT COULD BE A REIMBURSEMENT POTENTIALLY.
UM, BUT IT'S THE CONSTRUCTION MONEY'S NEEDED AND THEN ANY CHANGE ORDER LATER.
SO IS THERE, UH, THE ABILITY, LIKE LET'S JUST SAY THE COUNCIL HAD BROAD CONSENSUS ON THE DOWNTOWN CAPS.
AND, AND, AND THEY WOULD, LET'S JUST SAY NOVEMBER OF 25, DO THAT.
WE'D BE ABLE TO GET THE MONEY OUT THE DOOR STILL WITHIN THE TIMELINE THAT IS NECESSARY.
BUT COULD YOU DUAL DESIGN, IF WE WERE TO GIVE YOU WHATEVER AGILE ADDED MARGINAL COST FOR TO PAY YOUR ENGINEERING TEAM TO DO THAT? SO NOT IN THE TIMEFRAME THAT WE HAVE, UM, THAT PACKAGE OF $3 BILLION, THE CONTRACTOR NEEDS TO KNOW, YOU KNOW, PRETTY EARLY.
HE NEEDS TO SAY THEY NEED TO SEE THE PLANS THAT 90% AND A HUNDRED AND WE HAVE A HUNDRED PERCENT DESIGN FOUR MONTHS BEFORE LETTING.
SO OUR 100% DESIGN IS DECEMBER OF NEXT YEAR.
SO WE HAVE TO BE COMPLETELY DONE AND KNOW WHAT THE CONTRACTORS ARE BIDDING ON AT THAT POINT.
UM, IT, WE CAN'T JUST PULL ALL OF THE, I CAN'T EVEN IMAGINE HOW MANY SHEETS THAT WOULD IMPACT, UM, ON A, YOU KNOW, A BILLION AND A HALF CONSTRUCTION DRAWING PACKAGE TO KIND OF TAKE, UH, YOU KNOW, TO, TO REPLACE THOSE SHEETS.
I DON'T EVEN KNOW IF THAT'S POSSIBLE.
WELL, IS IT POSSIBLE TO FIND OUT, WE'RE TALKING ABOUT, I GUESS LIKE SIX BLOCKS WORTH OUT OF, I DON'T KNOW HOW LONG THIS ENTIRE PROJECT IS, BUT IF WE WOULD KNOW AS OF NOVEMBER, WHATEVER I ASSUME SIXTH OR PLUS OR MINUS A DAY, AND THAT WAY IT WOULD BE BEFORE YOUR A HUNDRED PERCENT, LIKE YOU WOULD HAVE 200% DESIGNS.
I JUST, I FEEL LIKE SOMETHING OF THIS MAGNITUDE, THE VOTERS POTENTIALLY DESERVE AN OPPORTUNITY TO WEIGH IN.
WE WOULD NEED THAT ACCOMMODATE MONEY FIRST AND THEN THEY WOULD NEED A VOTE ON THE, THE, THE LID.
[01:40:01]
IT'S TOO MUCH FOR OUR ENGINEERING TEAM TO MAKE THOSE CHANGES THAT LATE IN THE GAME.WE NEED TO KNOW WHAT WE'RE BUILDING OKAY.
UM, MY LAST QUESTION I HAVE FOR YOU AND I, I DON'T KNOW IF IT'S A YOU QUESTION OR A CITY QUESTION, BUT AS WE LOOK AT THE CAPS BETWEEN FOURTH AND SEVENTH, THEY'RE ALL BROKEN UP BY FIFTH STREET AND SIXTH STREET.
WHO DO WE, AS A COUNCIL OR WORKING WITH TXDOT, DO WE HAVE THE ABILITY TO SAY, HEY, MAYBE THE CROSSING AT FIFTH STREET WE DON'T WANT AND WE WANNA MAKE THIS A CONTINUOUS FOURTH TO SIXTH OR FIFTH TO SEVENTH
UM, SO WHAT WE DISCUSSED WAS, UM, THE POTENTIAL TO, UH, MAYBE HAVE EVENT-BASED CLOSURES AND TEMPORARY CLOSURES, UM, MUCH IN THE SAME WAY WE DO TODAY FOR THINGS LIKE THE PECAN STREET FESTIVAL OR THE MARATHON, UM, AND THEN TXDOT.
UM, AND WE HAVE A PROCESS WITH TDOT ALREADY IN PLACE THAT WOULD ALLOW FOR THAT.
UM, BUT, UM, WE'RE NOT SURE THAT, UM, OUR ENGINEERING TEAM IS, IS IS COM UH, THERE'S A LOT OF VALUE IN KIND OF OPENING UP THE CIRCULATION, THE MULTIMODAL CIRCULATION OPPORTUNITIES, UM, DOWNTOWN.
AND SO FROM THE STAFF SIDE, UM, THE RECOMMENDATION IS REALLY TO KIND OF LOOK AT THOSE, UM, WEAKENED AND FESTIVAL TYPE CLOSURES AS, AS THAT PRIMARY OPPORTUNITY TO ACHIEVE THAT END.
BUT IS THAT A DECISION POINT THAT WE COULD MAKE? UM, THAT WAS A, A REQUEST FROM THE CITY? YEAH.
UM, FOR THE FIFTH STREET CONNECTION SPEAK, YEAH.
THE NEW, UH, CONNECTION AT FIFTH STREET, UM, DID COME DIRECTLY FROM FROM THE CITY.
YEAH, I'M THINKING THE SIXTH STREET ONE BETWEEN IF, IF YOU HAD CONTINUOUS FROM FIFTH TO SEVENTH.
UM, IS THAT, I DON'T THINK WE BREAK, THAT'S TEXT OUT RIGHT AWAY, RIGHT? THAT'S YOUR RIGHT AWAY.
WHAT IS IT? THE, THE SIXTH STREET OVERPASS? UH, I DON'T THINK WE WOULD TAKE ONE AWAY.
THE, THE FIFTH STREET WOULD BE A NEW CONNECTION.
I DON'T THINK WE'D TAKE AWAY A CONNECTION THAT'S THERE TODAY.
WHAT DO YOU MEAN WHEN YOU SAY NEW CONNECTION? AT ONE POINT IT WAS CAPPED AT THE FIFTH STREET CONNECTION AND THEN YOU GOT A WORD FROM THE CITY TO HAVE IT, THE ROADWAY IN TOWN? NO.
SO FIFTH STREET DOESN'T CONNECT EAST WEST ACROSS I 35 TODAY.
AND SO IN OUR SCHEMATIC DESIGN WORKING WITH THE CITY STAFF, WE HAD ADDED THAT NEW CONNECTION.
SO THIS WOULD BUILD A NEW ROADWAY CONNECTION ON FIT IT.
THAT'S WHAT OUR, OUR, YOU KNOW, OUR SCHEMATIC AND ENVIRONMENTAL, UM, PROPOSED.
THERE ARE TWO BRAND NEW CONNECTIONS, UM, THAT THIS PROJECT WILL PROVIDE.
ONE IS THAT FULL ROADWAY CONNECTION AT FIFTH AND THEN ALSO, UM, A BRAND NEW PEDESTRIAN AND BICYCLE ONLY CONNECTION AT THIRD STREET, COUNCILMAN MORALES HALTER.
I'LL, I'LL TRY AND BE QUICK HERE.
SO I JUST WANNA CLARIFY THAT IF WE, IF WE WANTED TO LEAVE OPEN ALL POSSIBILITIES FOR, FOR CAPS IN THE FUTURE, THE EXCEPTION OF THE NORTH OF THE RED LINE, THEN WE HAVE TO DO THE PHASE ONE ROADWAY ELEMENTS AND COMMIT TO THOSE NOW.
UM, SO IT'S LIKE 229 MILLION THAT WE HAVE TO COMMIT TO AND THAT WE HAVE TO DELIVER THEN BY 25, DECEMBER 25.
IS THAT RIGHT? UM, I HEARD, UM, 26 IS 26.
AND THEN WE ALSO HAVE TO COMPLETE THE, THE DECKS FOR THE SEVER CESAR CHAVEZ TO FOURTH, WHICH IS AN ADDITIONAL HOW MUCH THEN? UM, THE, THE TOTAL ANOTHER 1 31.
YEAH, IT'S ON THAT, UM, SLIDE.
WHAT, WHAT IS NUMBER IS THAT KIM WITH THE CAESAR CHAVE.
AND THEN WE HAVE A CERTAIN AMOUNT OF THAT.
WE HAVE ROUGHLY 150 MILLION ALREADY FOR THE CESAR CHAVEZ ONE ACCOUNTED.
UM, THE, THE WAY YOU'VE STATED IT, UM, COUNCIL MEMBER IS, IS EXACTLY RIGHT.
AND THEN THE OPTIONS FOR THE SIZE OF WHAT THAT CESAR CHAVEZ PACKAGE COULD BE, UM, ARE ON SLIDE 19, IF THAT'S CORRECT.
SO WE'RE TALKING ROUGHLY WE NEED TO COME UP WITH ANOTHER 210 MILLION IF WE WANTED TO KEEP ALL THE OPTIONS OPEN.
BUT THAT'S NOT FUNDING DECKS BEYOND ACTUALLY CESAR CHAVEZ.
SO THERE'S ADDITIONAL COSTS TO KEEP IN MIND.
I'M JUST TRYING TO MAKE SURE I HAVE THE DECISION.
AND THEN THE OTHER QUESTION I HAD IS,
[01:45:01]
UM, AND THIS MAY BE FOR TECH.IS HOW DO THE NUMBERS THAT WE'RE TALKING ABOUT FOR THE CITY, UM, PROCESSES AND THE COST ESTIMATES COMPARED TO THE UT ESTIMATES FOR, FOR THEIR PORTION BY PHASE OR WHATEVER.SO THEY'RE ALSO GOING TO THEIR BOARD OF REGENTS IN DECEMBER TO MAKE A INVESTMENT DECISION.
SO, UM, WE DON'T REALLY KNOW WHAT THAT DECISION IS, BUT I CAN TELL YOU THAT THE ROADWAY UNDERNEATH THE CAP NORTH OF MLK IS VERY COMPLEX.
UM, REALLY COUNCIL MEMBER BA VELA, ONE OF THE REASONS THAT THE NORTHERN CAP IS MORE EXPENSIVE 'CAUSE IT HAS THAT RAILROAD BRIDGE THAT'S SKEWED AND SO THAT INCREASES IT A BIT, BUT THERE'S A LOT GOING ON UNDERNEATH THE UT CAPS AND SO WE'VE GIVEN THEM LOTS OF SCENARIOS TOO TO MAKE A DECISION FOR US IN THE SAME TIMEFRAME AS, AS THE CITY.
UM, IS, IS THERE ANY WAY TO GET A SENSE OF THEIR COST ESTIMATES THAT HAVE BEEN PROVIDED TO THEM? YOU KNOW, ONE OF THE QUESTIONS HAVE BEEN RAISED IS, IS, IS HOW ARE, HOW ARE COST ESTIMATES COMPARED TO THEIRS ON A SQUARE FOOT BASIS OR A PER PER ACRE BASIS? 'CAUSE I UNDERSTAND THAT THEY DID A, A VERY ROBUST COMPARISON.
UM, AND, AND IT'LL BE HELPFUL TO KNOW WHERE WE ARE IN THE BALLPARK.
THE EACH CAP HAS ITS OWN DIFFERENT SQUARE FOOTAGE COSTS BASED ON THE ACREAGE JUST BECAUSE OF WHAT'S HAPPENING UNDERNEATH.
AND WE HAVE THAT FOR EVERY SINGLE CAP, EVERY SINGLE OPTION.
I MEAN, I DON'T KNOW IF I, I HAVE A, I HAVE A SENSE THAT UT MIGHT FUTURE PROOF EVERYTHING AND JUST BUILD THE ROADWAY ELEMENTS, BUT THEN, UM, REALLY, BUT THEY TRULY UNDERSTAND THAT IF THEY WAIT FIVE OR SIX YEARS, THEN INFLATION'S, YOU KNOW, I MEAN WE, WE'VE DOUBLED IN, YOU KNOW, KNOW A COUPLE YEARS HERE, UM, ALL OUR, OUR DEFERRED PROJECTS FOR I 35 ARE DOUBLE OR TRIPLE, SO, UM, BUT THE, THE SQUARE FOOTAGE COST, THEY MIGHT NOT PUT LIDS ON.
UM, SIMILAR HERE, I GUESS I'M TRYING TO UNDERSTAND FOR, FOR THE ROADWAY ELEMENTS SECTION, HOW THAT COMPARES, WHICH MAY NOT BE AS DIFFERENT AS THE DECKS.
AND I'M JUST TRYING TO GET THAT BECAUSE OUR STAFF HAVE SAID THAT THEY TOOK YOUR ESTIMATES.
AND SO MY UNDERSTANDING IS THAT UT DID DO ESTIMATES, AND I'M JUST TRYING TO UNDERSTAND.
SO WE'VE DONE ALL OF THE ESTIMATES AND MICHELLE AND HER TEAM HAVE ALL OF THE SCENARIOS.
IT'S GOT PROBABLY 50 TABS IN A SPREADSHEET AND WE USE THE EXACT SAME METHODOLOGY FOR THE CITY AND UT IN THE SAME SPREADSHEETS.
IT IS LINE ITEM, BID ITEM, EXACTLY THE SAME APPROACH FOR BOTH.
I, I UNDERSTAND THAT YOU, YOU PROBABLY DID THAT.
I JUST UNDERSTOOD THAT THERE WERE SOME COMPARISONS THAT THEY WERE ABLE TO BRING TO THE TABLE AND I WAS JUST TRYING TO, I DONT, I MEAN THEY HAD QUESTIONS, BUT ALL OF EVERY, YOU KNOW, OKAY, ALL OF, WE DON'T, THAT WAS, I DON'T THINK ACCURATE CHANGED ANYTHING INFORMATION BASED ON THOSE.
AND THERE'S NO DIFFERENT APPROACH BETWEEN THE ESTIMATES BETWEEN THE CITY CAPS AND THE OKAY.
THAT'S HELPFUL TO HAVE, UM, CLARIFIED.
UM, WITH THAT, I THINK THOSE ARE ALL MY QUESTIONS FOR TODAY.
COUNCIL MEMBER, COULD WE GO AHEAD AND HAVE SPEAKERS? YES, MAYOR, I HAVE A FEW REMOTE SPEAKERS.
THANK YOU FOR YOUR TIME TODAY.
UM, I'M A MEMBER OF DISTRICT NINE AND LIKE MANY OF YOU WILL BE DIRECTLY IMPACTED BY THE I 35 EXPANSION.
I LIVE ONE HOUSE DOWN FROM WHERE THE NEW HIGHWAY WILL CUT EVEN DEEPER THROUGH OUR CITY.
I'M HERE TO PLEASE WITH YOU TO FIND THE FUNDING FOR THE NORTH CENTRAL CAPS.
HIGHWAY CAPS ARE ESSENTIAL INFRASTRUCTURE, NOT FUR AMENITIES.
NO COLLECTIVE COMMUNITY IS IMPACTED MORE BY THIS PROJECT THAN WE ARE, AND WE HAVE TO FUTURE PROOF THE CAPS NOW.
THANK YOU FOR YOUR TIME, ADAM SPARKS.
I REALLY APPRECIATE YOU TAKING THE, UH, ALL OF YOUR QUESTIONS HAVE BEEN FANTASTIC THIS EVENING.
YOU KNOW, I LIVE IN DISTRICT NINE IN CHERRYWOOD RIGHT NEAR WHERE THE CAP MIGHT BE COMING IN.
AND WE WERE TALKING ABOUT MUELLER EARLIER, AND I JUST WANTED TO SAY THE ONLY THING THAT IS WRONG WITH MUELLER IS A LACK OF IMAGINATION AND A LACK OF UNDERSTANDING HOW MUCH AUSTIN WAS GOING TO GROW BETWEEN THE 1990S WHEN IT WAS FIRST PLANNED.
UH, COUNCIL MEMBER VELA WAS TALKING ABOUT, UH, HE THOUGHT THAT SOME BUILDINGS WERE UP TO SEVEN STORIES.
PAUL MUELLER, THAT IS NOT THE CASE.
IT IS MUCH LOWER DENSITY THAN IT NEEDS TO BE BECAUSE THEY DID NOT UNDERSTAND HOW FULLY AUSTIN WOULD BECOME A WORLD-CLASS CITY.
UM, THE ISSUE THAT I FELT THE BIGGEST ISSUE WITH AND HEARING EVERYTHING TODAY IS NOT UNDERSTANDING WHAT THE TAXING IMPLICATIONS OF A SPECIAL TAX DISTRICT WOULD BE FOR THE AREA IN DISTRICT NINE.
IF YOU TAKE A LOOK AT THE SCORING MATRIX, I THINK THERE ARE SOME, YOU KNOW, WHEN I LOOK AT IT, I'M VERY SURPRISED TO SEE THAT THE ADJACENT REDEVELOPMENT POTENTIAL OF 30TH AND HALF TO THE RED LINE IS CONSIDERED MEDIUM WHEN IT'S THE ONLY AREA THAT HAS MAJOR, UM, UH, PARKING LOTS ADJACENT TO IT.
THERE IS A UNIQUE OPPORTUNITY TO BUILD INCREASED DENSITY
[01:50:01]
WITH A TRANSIT ORIENTED BONUS WITH THE RED LINE THAT GOES THROUGH, AND IT IS SUPPORTED BY THE YIMBYS IN CHERRYWOOD, OF WHICH THERE ARE MANY.WHAT WE NEED IS THE SUPPORT FROM THE CITY TO HAVE THE BIGGEST POSSIBLE VISION, UH, THAT LOOKS AT THE FUTURE IN TERMS OF WHAT AUSTIN WILL BE.
AND I THINK THE MAIN THING THAT WE HAVE TO DO FOR THAT IS TO REDEVELOP THE DELWOOD AND HANCOCK NEIGHBORHOODS, UH, USE THAT MONEY TO HELP FUND THE AMENITIES.
AND AGAIN, THE SCORING MATRIX, I WOULD JUST LIKE TO TAKE A LOOK AT THAT.
I THINK THE, I'D LIKE TO, IF COUNCIL MEMBER QUADRA WAS ABLE TO GET MORE INFORMATION ON HOW THIS WAS PUT TOGETHER, IT SEEMS LIKE IT'S A, A SKEWED, UH, MATRIX FOR ASSESSING THIS.
THANK YOU ALL SO MUCH FOR CONSIDERING IT, AND PLEASE KNOW THAT WE HIGHLY, HIGHLY SUPPORT THE FUNDING OF THE NORTH CENTRAL CAPS.
I'VE BEEN ON HOLD FOR A WHILE.
UM, ONE THANK YOU FOR EVERYBODY TODAY.
THE CITY IS EVERY, ALL THE CITY OF BUREAUCRATS AND POLITICIANS.
YOU GUYS ARE SO WELL SPOKEN AND THOUGHTFUL AND REALLY GRATEFUL FOR YOU ALL LEADING US.
UM, THAT'S ONE, TWO, UH, IN CONVERSATIONS WITH TDOT DURING THE OPEN, AS THERE WAS NO REAL STRONG COMMITMENT TO NOT MAKE FURTHER CHANGES AFTER THE 10 YEAR CONSTRUCTION, FOLLOWED BY A 10 YEAR MOR MORATORIUM ON CONSTRUCTION.
SO I WOULD LOVE COUNSEL TO CONSIDER WHAT TDOT MAY OR MAY NOT DO IF WE SPEND ALL OF THIS MONEY AND TDOT DECIDES, OH, WE WANT MORE LANES, OR, OH, WE WANNA ADD AN EXIT IN THE MIDDLE OF THE PARK.
UM, SO ANY COMMITMENT THAT WE CAN GET OUT OF TXDOT TO TO NOT TOUCH THIS AFTER THEY'RE DONE WILL BE GREAT.
UM, SORRY, I'M NOT ON A RUN, SO THAT'S BECAUSE I'VE BEEN ON HOLD SO LONG.
UM, I REALLY SUPPORT ALL OF THIS.
THERE ARE, IT SEEMS LIKE THERE ARE A LOT OF NORTH SOUTH PROJECTS BEING CONSIDERED AT THE MOMENT FOR CITY FUNDING, CONGRESS, UM, WATER, THE GREENWAY, AND THIS, THIS SEEMS LIKE THE ONE THAT IS THE BIGGEST CHANGE FOR THE CITY, AND IT SEEMS LIKE THIS IS A THING THAT ALL RESOURCES SHOULD BE, UH, FOCUSED ON.
UH, BECAUSE THIS IS A ONCE IN A GENERATIONAL THING.
UH, ONE OF THE SLIDES THAT I THINK, UH, OUR FUTURE, I 35 MENTIONED THAT THIS WOULD BE PROBABLY THE LAST CHANCE WE WOULD HAVE TO DO THIS UNTIL 2080, WHICH IS A SHOCKINGLY LONG TIME.
REFLECT BACK WHATEVER, 55 YEARS AND IMAGINE WHAT AUSTIN WAS THEN LIKE COUNCILMAN VELA.
I REALLY, REALLY, REALLY AM GRATEFUL FOR YOUR FOCUS ON WHAT AUSTIN WILL LOOK LIKE IN THE FUTURE AND HOW MUCH WE DON'T KNOW, BUT HOW MUCH WE WOULD KICK OURSELVES IF WE DIDN'T TAKE THE OPPORTUNITY NOW.
THANKS SO MUCH TO EVERYONE INVOLVED.
THAT'S ALL THE REMOTE SPEAKERS WE HAVE AT THIS TIME.
SO IN PERSON I HAVE TOM WALD AND RICHARD HAMAN.
HI, GOOD AFTERNOON, UH, CITY COUNCIL.
I'M THE, UH, EXECUTIVE DIRECTOR OF THE REDLINE PARKWAY INITIATIVE, UH, NONPROFIT FOCUS ON CREATING A 32 MILE TRAIL AND, AND, UH, LINEAR PARK ALONG THE CAPITAL METRO RED LINE.
I ALSO AM A RESIDENT OF CHERRYWOOD.
UM, YOU KNOW, WE, WE KNOW THAT URBAN HIGHWAYS ARE EXPENSIVE AND JUST AS ROUTING AN INTERNATIONAL HIGHWAY THROUGH A POPULATION CENTER IS EXPENSIVE IN ITSELF.
IT'S NOT A SURPRISE THAT THERE'S A SIGNIFICANT COST TO MITIGATE THE EFFECTS OF THE HIGHWAY, TO SHIELD OF, UM, IN OTHER WORDS, TO SHIELD US FROM THE HIGHWAY.
UH, THOSE FOLLOWING THIS CONVERSATION, YOU, THIS WOULD BE A TOUGH DECISION POINT.
UH, BUT THIS IS INDEED OUR ONLY OPPORTUNITY TO FUTURE PROOF THE CAPS.
WE WON'T HAVE ANOTHER SHOT AT THIS UNTIL PERHAPS 2090.
THE CAPS WERE QUERIED THROUGH IN THE PUBLIC MESSAGING OF THE PROJECT AND WE'RE A LARGE REASON THAT SOME PEOPLE WERE OPTIMISTIC THAT SOME GOOD WOULD COME FROM THE PROJECT.
DESPITE IT BEING ONE OF THE MOST IMPACTFUL PROJECTS IN OUR CITY'S HISTORY, PEOPLE HAD OPTIMISM BECAUSE DESPITE CREATING AN EVEN BIGGER DIVIDE BETWEEN WOULDBE NEIGHBORS AND WOULDBE NEIGHBORHOOD SHOPS WITH THE CAPS, PEOPLE COULD FEEL WELCOME IN THEIR OWN NEIGHBORHOOD TO WALK OR BIKE FROM EAST TO WEST.
WITHOUT THE CAPS, THE DIVIDE IS MULTIPLIED.
THE HIGHWAY CROSSINGS WITHOUT CAPS WILL BE PLACES THAT PEOPLE AVOID.
AND THE LACK OF CAPS WILL, DISTI WILL STIFLE THE FREEDOM OF MOVEMENT THAT HEALTHY AND ECONOMICALLY VIBRANT CITIES DEPEND ON.
IT'S IN FACT THE BASIS OF CITIES.
IN ADDITION TO MERELY MITIGATING THE URBAN HIGHWAY EXPANSION PROJECT, THE CAPS ADD EXTRA VALUE THAT OUR CITY NEEDS AND WOULD NOT GET OTHERWISE.
THE MOST NORTHERN CAP NEXT TO AIRPORT BOULEVARD ACTUALLY CREATES A PARK NEXT TO ONE OF OUR CITY'S MOST PARK DEFICIENT NEIGHBORHOODS IDENTIFIED BY THE TRUST FOR PUBLIC LAND.
THE CAPS CREATE CAR FREE LAND BRIDGES FOR THE RED LINE PARKWAY, BOTH CROSSINGS AND WILL PROVIDE SAFE AND COMFORTABLE PASSAGE FOR THOUSANDS OF DAILY WALK, BIKE RUN USERS PLUS POTENTIALLY WILDLIFE.
THE ANTICIPATED REDEVELOPMENTS AND THOUSANDS OF NEW RESIDENTS ADJACENT TO THE NORTHERN CAPS WOULD HAVE A BACKYARD, YOU KNOW, AN AMENITY THAT MANY OF US TAKE FOR GRANTED.
AND THE ANTICIPATED CAPS CREATE OTHER PARKS ALONG THE WAY AND THAT THEY WOULD OTHERWISE, UH, IN PLACES THAT WOULD OTHERWISE BE MORE APPROPRIATELY ZONED.
AS HEAVY INDUSTRY, WHICH IS THE I 35 HIGHWAY ITSELF AND THE EAST
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AUSTIN OR THE EAST AVENUE TRAIL CREATES A NEW HIGH VALUE URBAN TRAIL LINEAR PARK EXPERIENCE CONNECTING LEAD WEIRD LAKE WITH CENTRAL AUSTIN UP TO THE NORTH LOOP NEIGHBORHOOD, ADDING WELL OVER A HUNDRED MILLION DOLLARS IN VALUE ITSELF.IN FACT, WE GIVE AN AWARD TO OUR FUTURE 35 LAST WEEK TO HONOR THEIR EAST AVENUE TRAIL VISION FOR ITS POSITIVE IMPACT ON THE REDLINE PARKWAY, INCLUDING CREATING A NEW SEVEN MILE TRAIL LOOP IN CENTRAL AND EAST AUSTIN AND EXTENDING THE REACH OF OUR REGION'S TRAILS AND THE GREENWAYS NETWORK.
I 35 CAPS SERVE EXISTING PRIORITIES AND PLANS IN URBAN TRAILS, PARKS, QUALITY OF LIFE, AND A GROWING URBAN POPULATION ALONG THE ENTIRE CABIN CORRIDOR, INCLUDING EXISTING AND FUTURE DENSE RESIDENTIAL POPULATIONS.
IN THE TRAIL WINNING HANCOCK NEIGHBORHOODS ASK THAT OUR CITY PUT TOGETHER FUNDING TO ENSURE THAT THE ROADWAY ELEMENTS FOR ALL THE CAPS ARE FUNDED IN TIME TO FUTURE PROOF THE CAPS AS PART OF THIS MULTI-GENERATIONAL PROJECT.
THE REDLINE PARKWAY INITIATIVE AND OTHER STAKEHOLDERS LOOK FORWARD TO WORKING WITH YOU AND CITY STAFF TO HELP IDENTIFY SUITABLE FUNDING SOURCES AND ALSO ENSURE THAT OTHER CITY NEEDS.
I LIVE IN CHERRYWOOD IN DISTRICT NINE.
I'M ONE OF THE COVIS CHAIRS OF THE CHERRYWOOD NEIGHBORHOOD ASSOCIATION, BUT TODAY I'M SPEAKING ON MY OWN BEHALF AND I'M HERE TO URGE YOU TO FUND ALL OF THE ROADWAY ELEMENTS FOR THE FULL SIZE NORTHERN CAP.
CHERRYWOOD IS THE NEIGHBORHOOD THAT IS MOST DIRECTLY AFFECTED BY THE I 35 EXPANSION.
THE TXDOT RIGHT OF WAY IS DOUBLING IN WIDTH THROUGH OUR NEIGHBORHOOD.
A FULL NORTHERN CAP WOULD MAKE A HUGE DIFFERENCE IN MITIGATING THE NEGATIVE IMPACTS OF THIS EXPANSION, WHICH BY THE WAY, ARE ALREADY AFFECTING US THROUGH THE RECENT DEMOLITIONS AND REMOVAL OF REALLY IMPORTANT BUSINESSES AND SERVICES AND THINGS ALONG THE FRINGE ROADS.
THIS WOULD HELP ALSO RECONNECT OUR NEIGHBORHOOD TO CENTRAL AUSTIN.
OUR NEIGHBORHOOD, BY THE WAY, IS A, IS REALLY RIGHT IN THE MIDDLE INCOME NEIGHBORHOOD.
IT'S NOT A A, YOU KNOW, A AN ELITE NEIGHBORHOOD BY ANY MEANS.
UM, YOU RECENTLY SUPPORTED THE A I A DAT PROCESS, THE DEVELOPMENT ASSISTANCE TEAM, UH, WHICH WAS IN COOPERATION WITH CHERRYWOOD AND HANCOCK NEIGHBORHOOD ASSOCIATIONS, AND I THANK YOU FOR THAT.
THIS PROCESS HAS ALREADY BEGUN.
THE A I A TEAM HAS BEEN ENGAGING STAKEHOLDERS INCLUDING CAP METRO, THE OWNERS OF THE HANCOCK CENTER, HEB CENTRAL HEALTH, THE OWNERS OF DELWOOD CENTER, THE NARROW ROAD GROUP WHO, UH, WHICH OWNS PROPERTY ON 38 AND A HALF STREET ADJACENT TO THE DELWOOD SITE.
SO LET US NOT CUT OURSELVES OFF AT THE KNEES AND UNNECESSARILY LIMIT FUTURE POSSIBILITIES FOR THIS AREA.
THE NORTHERN CAP WOULD PROVIDE.
WE NEED TIME FOR THE A I A PROCESS TO WORK IT OUT SO WE CAN HAVE A BIG VISION AS, AS SOME PEOPLE HAVE TALKED ABOUT ALREADY, AND THE POSSIBILITY OF THE REDLINE STATION IN CONJUNCTION WITH THE REDLINE PARKWAY GIVES THE SITE A UNIQUE OPPORTUNITY TO CREATE A TRANSIT ORIENTED DEVELOPMENT, WHICH SEVERAL PEOPLE HAVE MENTIONED, AND A VIBRANT COMMUNITY HUB AND REGIONAL ACTIVITY CENTER.
SO LET'S PRESERVE THE POSSIBILITIES OF THIS SITE AT THIS POINT BY FUNDING ALL THE NECESSARY ROADWAY ELEMENTS FOR THE FULL NORTHERN CAP FROM 38 AND A HALF, UH, STREET TO THE RED LINE.
LET'S FUTURE PROOF THE NORTHERN CAP.
UH, THOSE ARE ALL THE SPEAKERS THAT SIGNED UP ON THIS ITEM.
UH, WE HAVE DEFERRED THE, UH, REMAINING TWO ITEMS, WHICH WAS, ONE WAS AN EXECUTIVE SESSION, UH, WHICH WE WILL DO ON THURSDAY, AND THE OTHER ONE WAS AN ITEM RELATED TO, UH, THE CITY OF AUSTIN WEBSITE, WHICH IS POSTED FOR THURSDAY.
SO WE WILL TAKE TIME ON, WE WILL PULL THAT ITEM, I'LL PULL THAT ITEM SO IT WILL NOT BE ON THE CONSENT AGENDA AND WILL BE IN A POSITION TO GET A BRIEFING ON THAT AT THAT POINT IN TIME.
THERE BEING NO FURTHER BUSINESS TO COME BEFORE THE AUSTIN CITY COUNCIL AT THIS WORK SESSION.
UH, WITHOUT OBJECTION, WE ARE ADJOURNED.