* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.
          [00:00:03]
          GOOD 
          [Call to Order]
AFTERNOON EVERYONE. 
          I THINK WE'RE READY TO START. 
          GOOD AFTERNOON. 
          THANK YOU FOR JOINING US FOR THE BOARD MEETING OF THE AUSTIN TRANSIT PARTNERSHIP BOARD OF DIRECTORS. 
          TODAY'S APRIL 15TH, 2026. 
          I'D LIKE TO CALL THIS MEETING TO ORDER AT 2:04 PM THE MEETING'S BEING CONDUCTED AT THE AUSTIN TRANSIT PARTNERSHIP OFFICES LOCATED AT 2 0 3 COLORADO STREET IN AUSTIN, TEXAS. 
          AND WE WOULD LIKE TO REMIND YOU THAT THE AUSTIN TRANSIT PARTNERSHIP PROVIDES BOTH AMERICAN SIGN LANGUAGE AND OTHER INTERPRETER SERVICES. 
          IF YOU NEED THESE SERVICES, PLEASE CONTACT CHLOE SWELL, OUR BOARD LIAISON. 
          BEFORE PROCEEDING WITH OUR AGENDA, I'D LIKE TO NOTE FOR THE PUBLIC THAT WE'RE POSTPONING ACTION ITEMS TWO, THREE, AND FOUR, WHICH ALL RELATE TO PROPOSED OFFICE SPACE LEASE FOR A TP. 
          AND WE WILL NOT BE TAKING UP THOSE ITEMS AT TODAY'S MEETING OR HAVING ANY MORE DISCUSSION ON THEM. 
          WHILE WE ARE ALL AWARE THAT A TP NEEDS TO FIND A LARGER SPACE SOON FOR OUR GROWING TEAM, I BELIEVE THIS ENTIRE BOARD NEEDS MORE TIME TO REVIEW THE STAFF'S CURRENT RECOMMENDATION AND ANALYSIS. 
          SO I'D LIKE TO MOVE NOW TO PUBLIC COMMENT. 
          SO, UM, I DON'T BELIEVE WE HAVE ANYONE REGISTERED TODAY. 
          NO, CORRECT. 
          THANK YOU. 
          SO 
          [2. Executive Director Report]
NOW MOVING ON TO OUR EXECUTIVE DIRECTOR REPORT. 
          GREAT. 
          THANKS. 
          AM I ON PLEASE? HOW ABOUT NOW? THERE WE GO. 
          ALRIGHT, PRESS THE RIGHT BUTTON. 
          UH, THANK YOU BOARD CHAIR, BOARD MEMBERS, UH, EVERYONE. 
          WELCOME TO OUR APRIL BOARD MEETING. 
          WE'RE REALLY EXCITED TODAY. 
          UM, IT'S A REALLY ANOTHER BIG STEP IN ADVANCING AUSTIN LIGHT RAIL AS WE GET INTO OUR PRE-CONSTRUCTION PHASE. 
          AS YOU KNOW, WE AWARDED A, A VERY LARGE CONTRACT, UM, TO MOVE FORWARD ON THE ENTIRE LIGHT RAIL, 10 MIL, 10 MILE ALIGNMENT. 
          AND TODAY WE'RE HERE IN FRONT OF YOU WITH ANOTHER RECOMMENDATION TO KEEP ADVANCING, UH, ONE OF OUR KEY CONTRACTS. 
          AND WE'RE EXCITED TO BRING THAT AND TALK TO YOU ABOUT THAT. 
          BUT ALSO REMIND YOU ONE OF OUR, ONE OF OUR WORK IS ALWAYS TO BE OUT AND ABOUT TALKING ABOUT, UH, AUSTIN LIGHT RAIL, BEING VERY TRANSPARENT ABOUT THE WORK WE'RE DOING AND HOW WE'RE DOING IT. 
          AND SO JUST, THIS IS A, IT'S BEEN A BUSY, IT'S BEEN A BUSY SPRING, UM, T THE SEASON TO GET OUT AND, AND, AND HAVE GREAT CONVERSATIONS ABOUT IT. 
          UH, I, I NOTICE ALSO, I JUST WANNA FOCUS, WE ALWAYS HAVE OUR COMMUNITY ADVISORY COMMITTEE. 
          WE HAD THIS QUARTER OUR, UH, LIGHT RAIL ADVISORY COMMITTEE TO COME IN. 
          AND I KNOW FRANCIS IS GONNA TALK A LITTLE BIT ABOUT SOME OF THE WORK THEY'RE DOING ON OUR BUSINESS SUPPORT PROGRAM AND GETTING SOME OF THEIR FEEDBACK, UH, THAT COMMITTEE THAT THIS BOARD HAS CREATED. 
          UM, I KNOW THE MAYOR YOU HAD A CHANCE TO SPEAK AT THE TRANSIT FORWARD, UH, LUNCHEON JUST SEEMS LIKE IT WAS A FEW DAYS AGO OR A FEW WEEKS AGO. 
          NOT CAN QUITE SURE. 
          YEP. 
          I DON'T REMEMBER . 
          UH, I THINK I SAID A FEW THINGS AS THERE AS WELL. 
          I KNOW DOTTIE AND I WERE THERE AS WELL TO TALK ABOUT, UH, JUST THE STATUS OF WHERE WE ARE. 
          I THINK IT'S REALLY IMPORTANT. 
          AND THEN THIS, THIS PAST WEEK WE HAD A GREAT, UH, CONVERSATION AT THE INFRASTRUCTURE SUMMIT. 
          UH, MAYOR PRO TE VELA WAS THERE, LISA STORE FROM OUR OFFICE. 
          UM, ONE OF OUR LOCAL DEVELOPERS WHO WAS WORKING ON A, ON A PROJECT ALONG THE ALIGNMENT WAS THERE TO KIND OF EXTOL THE VIRTUES OF ALL THE GREAT THINGS THAT WE CAN DO. 
          AND WE COMBINED THE DEVELOPMENT AND, UH, THE LIGHT RAIL, AND WE WERE VERY FORTUNATE TO HAVE, UM, UH, BASICALLY THE HEAD OF WHAT IS THE, THE DOWNTOWN FOR CHARLOTTE TO COME IN AND TALK ABOUT THEIR EXPERIENCE. 
          IT WAS A REALLY GREAT DIALOGUE. 
          WE FILLED UP THE ROOM AND TALKED ALL ABOUT, UM, REALLY WHAT IS HAPPENING AROUND AUSTIN BEING MORE THAN THE TRAIN WITH LIGHT RAIL AND ALL THE ECONOMIC DEVELOPMENT BENEFITS AND THE JOB CREATION AROUND IT, NOT ONLY DURING CONSTRUCTION, BUT THROUGHOUT THE LIFE OF THE PROJECT. 
          SO IT WAS A GREAT, UH, A GREAT CONVERSATIONS THAT WE'VE HAD. 
          UM, BEFORE YOU MOVE ON TO THE NEXT SLIDE, CAN YOU GO BACK ONE, ONE OF THE THINGS THAT I LIKE TO POINT OUT ABOUT THE ADVISORY COMMITTEE, I WANNA THANK BOARD MEMBER GARETH FOR, FOR JOINING ME ON, ON MEETING WITH A GROUP. 
          UM, I LIKE TO GIVE AN UPDATE SINCE YOU WEREN'T ON THAT ONE, BUT I YES, PLEASE DO. 
          , IT'S YOUR GROUP. 
          BUT IT WAS A GREAT MEETING BECAUSE WE TALKED ABOUT WITH THE COMMUNITY ADVISORY, THAT'S OUR HELPING US SHAPE HOW WE DEVELOP THIS PROGRAM. 
          BUT FOR THE BENEFIT OF THE BOARD, THEY REALLY CAME UP WITH GREAT RECOMMENDATIONS ON HOW WE'RE ADDRESSING BUSINESS, UM, CHALLENGES DURING CONSTRUCTION IN DIFFERENT PARTS OF THE CORRIDOR. 
          SO WE SPENT A LOT OF TIME GOING THROUGH THE DIFFERENT STRATEGIES. 
          SO THANK YOU FOR GUIDING US THROUGH THAT EFFORT AND HOW WE'RE SHAPING OUR, HOW WE HELP THE COMMUNITY AND THE BUSINESSES STAY AFLOAT DURING THIS CONSTRUCTION PERIOD. 
          SO THANK YOU. 
          THANK YOU. 
          YEAH, IT WAS GREAT. 
          IT'S, IT'S A GREAT GROUP OF FOLKS TO COME IN. 
          UM, IT'S, IT'S, IT'S REALLY NICE TO HAVE THAT IN ADDITION TO OUR, TO THE CAC THAT WAS CREATED AS WELL, JUST TO HAVE ANOTHER KIND OF HIGHLY FOCUSED POINT ON THAT. 
          UM, I THINK IT SPEAKS VOLUMES TO, UM, THE BOARD CREATING THAT. 
          UH, THIS WAS ANOTHER, THIS WAS A QUARTER WHERE WE PUT OUT OUR OVERALL PROJECT CONNECT STATUS REPORT. 
          YOU ALL HAVE A COPY OF THAT. 
          AND REMEMBER THAT IS MORE THAN JUST, UH, LIGHT RAIL, BUT REALLY ALL THE PROGRESS THAT CAP METRO HAS DONE IN 
          [00:05:01]
ADVANCING, UM, THE, UH, THE METRO RAPIDS THAT I KNOW WE'RE JUST AT THE LAST MOMENT ON DOTTIE OF, OF WRAPPING UP. 
          AND, UM, AND THEN THE CITY REALLY DOING A GREAT JOB ON ALL THE ANTI DISPLACEMENT WORK. 
          UH, AND WE KNOW A LOT OF THOSE PROJECTS, SOME OF THAT LAND BANKING THAT WENT ON IS MOVING FORWARD AS WELL. 
          SO JUST A GREAT SUCCESS ALL AROUND. 
          AND THAT'S ALL DOCUMENTED IN THIS, THIS REPORT. 
          UM, I ALSO WANT TO THEN KIND OF PITCH TO, YOU KNOW, ONE OF THE THINGS WE ALWAYS DID AS WELL IS WHY WE GAVE THE BOARD KIND OF A LOOKBACK PERFORMANCE REPORT ON, ON WHAT WE DID IN 2025 IS ALSO IMPORTANT TO FOCUS ON WHAT WE'RE DOING IN 2026. 
          AND SO WE'RE ORGANIZED AROUND, UH, BIG AREAS, PROJECT DELIVERY, UM, WHAT WE'RE DOING IN 26, OBVIOUSLY, UH, IT'S THE AWARD OF CONTRACTS, WHICH WE'VE STARTED. 
          UM, I THINK ANOTHER BIG ONE ON HERE IS THE RIGHT OF WAY ACQUISITION, WHICH WE HAVE TALKED ABOUT, AND YOU'LL HEAR MORE, UH, IT'S ON AN ACTION ITEM TODAY, JUST A PROCESS THAT ACTUALLY HAS BEEN GOING ON FOR ABOUT TWO AND A HALF YEARS. 
          IT WAS VERY PART OF THE NEPA PROCESS, THAT TRANSPARENT PROCESS IN NEPA. 
          UM, AND IT'S A LONG LEAD ITEM. 
          SO THAT'S A BIG EFFORT THAT IS UNDERWAY, UH, AS WELL. 
          AND THEN, UH, JUST CONTINUING TO DO ALL OF OUR SCOPE AND WE'RE GONNA HEAR MORE ABOUT THAT AS WELL. 
          UH, ANOTHER AREA THAT WE'RE FOCUSING IS OUR COMMUNITY PARTNERSHIPS. 
          UM, AGAIN, GOOD TIMING. 
          YOU'RE GONNA HEAR MORE ABOUT WHAT WE'VE BEEN DOING JUST EVEN SINCE WE'VE LAST TALKED OUT IN THE COMMUNITY. 
          UM, ALSO GOOD TIMING TODAY, THE FINANCIAL ACCOUNTABILITY, UH, WORKING WITH OUR, WITH OUR PARTNERS IN FTA AS WE ADVANCE, UH, THROUGH THE FEDERAL PROCESS, BUT ALSO LOCALLY, HOW WE'RE TAKING CARE OF OUR OWN FUNDS. 
          AND TODAY, YOU'LL HEAR ABOUT OUR FINANCIAL AUDIT FOR THE END OF THE YEAR. 
          UH, AND THEN FINALLY CONTINUING ON OUR BOARD ENGAGEMENT WITH THIS PROCESS, UH, AND GETTING OUT OR ABOUT AND BRINGING INDUSTRY IN AS WELL. 
          SO WITH THAT, UM, I'D LIKE TO, I THINK IT'S WHAT WE'D LIKE TO START DOING WITH AS WE GET INTO THIS, IN ESSENCE PRE-CONSTRUCTION PHASE, UM, IS BRINGING UP A, UH, BRINGING UP A DIALOGUE, UH, ABOUT WHERE WE, WHAT WE'VE BEEN WORKING ON AS A, AS A, AS A ORGANIZATION AND WHAT WE WILL BE WORKING ON. 
          AND THESE ARE ALL STEMMING FROM THE CONTRACTS THAT YOU HAVE APPROVED. 
          AND, UH, SO WE HAVE A, A, A FEW SLIDES AND A CONVERSATION ABOUT WHAT WE'RE DOING. 
          AND WHAT I WOULD SAY IS, UH, WE REALLY ENVISION THIS NOW BECOMING A STANDARD PART OF THESE BOARD MEET MEETINGS AS WELL AS OUR BOARD BRIEFINGS IN PROBABLY EVEN A MORE EXTENDED WAY. 
          WE ARE DOING A TREMENDOUS AMOUNT OF WORK, UM, ACROSS ALL ASPECTS OF THE PROJECT. 
          UM, AND WE THINK IT'S, UH, WE'RE GONNA SPEND A LOT MORE TIME IN THESE BOARD MEETINGS, KIND OF ROLLING UP OUR SLEEVES A LITTLE BIT AND BRINGING FORWARD, UM, SOME OF THE ISSUES THAT WE'RE WORKING THROUGH. 
          UM, WHAT'S GREAT ABOUT LARGE, UH, INFRASTRUCTURE PROJECTS IS THE LONG-TERM BENEFITS OF THEM, BUT THEY ARE COMPLEX INFRASTRUCTURE PROJECTS. 
          AND WE THINK THE BEST WAY TO COMMUNICATE THAT TO THE COMMUNITY THAT WE'RE WORKING ON IS TO SHOW YOU THE WORK THAT WE'RE DOING. 
          SO WE WANNA TALK A LITTLE BIT ABOUT THAT TODAY, BUT THEN ALSO, UM, UH, IN THE FUTURE HAVE A SOME, WE'RE GONNA BE SCHEDULED SOME DEEPER DIVES ON SOME OF THE SPECIFIC TOPICS THAT WE ARE WORKING THROUGH AND ISSUES THAT WE NEED TO SOLVE AS WE CONTINUE TO GET READY FOR CONSTRUCTION IN 2027. 
          SO WITH THAT, I WILL TURN IT OVER TO LINDSEY WOOD. 
          ALL RIGHT, THANK YOU. 
          BOARD. 
          HAPPY TO BE HERE AND TALK TO YOU A LITTLE BIT ABOUT SOME OF THE WORK WE'VE BEEN DOING SINCE WE SAW YOU LAST IN FEBRUARY WHEN THE CONTRACT FOR OUR DESIGN AND CONSTRUCTION WAS AWARDED AND ALSO PROVIDED US THE AUTHORIZATION TO INITIATE OUR PRE-CONSTRUCTION ACTIVITIES. 
          UH, FROM THAT BOARD MEETING, WE HAD OUR CONTRACTOR, UH, BEGIN CO-LOCATING WITH US THAT FOLLOWING, UH, MONDAY ACTUALLY. 
          AND WE HAVE SINCE BEEN VERY EXCITED TO BE PACKED FULL IN THE OFFICE HERE TODAY. 
          I THINK WE'VE GOT SOMEWHERE CLOSE TO 200 PEOPLE AND A BUZZ OF ACTIVITY AND, AND REALLY A SPEED OF WORK THAT, UM, HAS BEEN EXPONENTIALLY FASTER THAN OUR, OUR PREVIOUS PHASES AS WE RAMP UP FOR GETTING READY FOR CONSTRUCTION NEXT YEAR. 
          UH, SOME OF THAT WORK OF BRINGING OUR CONTRACTOR ON BOARD INCLUDES SETTING UP THE STRUCTURE FOR HOW WE WILL WORK TOGETHER, AND THAT INCLUDES INTEGRATING INTO VARIOUS TASK FORCE MEETINGS AND DIVING DEEP INTO TOPICS OF, YOU KNOW, WHETHER IT'S TRACK DESIGN OR BRIDGE DESIGN OR SYSTEMS. UM, NOT ONLY WITH A TP AND OUR CONTRACTORS, BUT ALSO INTEGRATING OUR PARTNERS IN THAT WITH THE CITY OF AUSTIN AND CAT METRO. 
          UM, EVEN ACTUALLY JUST EARLIER TODAY, KICKED OFF OUR OPERATIONS IN MAINTENANCE PLANNING WORKING GROUP. 
          AND WE'VE ALSO SET UP A STRUCTURE OF GOVERNANCE INTERNALLY TO HELP GUIDE HOW WE DIRECT THE WORK WITH OUR CONTRACTOR AND WHAT SORTS OF ISSUES CAN BE SOLVED AT WHAT LEVELS, YOU KNOW, WHAT CAN BE DONE AT A, A DESIGN LEVEL AND WHAT NEEDS TO BE ESCALATED UP TO A MULTIDISCIPLINARY WORK GROUP AND, AND WHAT NEEDS TO COME TO OUR LEADERSHIP AND STEERING COMMITTEES. 
          AND WE ARE VERY HAPPY WITH, UH, HOW THAT WORK IS 
          [00:10:01]
MOVING FORWARD. 
          AND I THINK ALVIN IS GONNA TALK A LITTLE BIT ABOUT THAT COLLABORATION AND SOME OF THE CURRENT ACTIVITIES AS WELL AS WHAT'S NEXT. 
          GOOD AFTERNOON, BOARD CHAIR AND MEMBERS OF THE BOARD. 
          AND I WANT TO TALK A LITTLE BIT ABOUT SOME OF THE PROGRESS THAT WE'VE ACTUALLY MADE OVER THE LAST, UH, LAST MONTH. 
          UM, WE ARE DEFINITELY ADVANCING THE DESIGN. 
          THERE'S A LOT OF ACTIVITIES GOING ON HERE INTERNALLY. 
          UM, ONE OF THE, ONE OF THE KEY THINGS WE'RE WORKING ON IS REALLY JUST THE DESIGN INNOVATION PORTION. 
          AND SO FOR YOU GUYS, YOU MIGHT BE THE SAME. 
          WHAT DOES THAT MEAN? WELL, THERE'S A LOT OF DIFFERENT COMPONENTS. 
          THE BRIDGE IS ONE OF THEM THAT, THAT ACTUALLY, UM, WE'RE TRYING TO INNOVATE ON THE TYPE OF STRUCTURE THAT WE'RE GONNA USE. 
          UM, HOW'S IT GONNA TIE INTO THE WATERFRONT STATION? UM, HOW ARE WE GONNA TIE IN THE, UM, THE, THE BIKE AND THE, UM, PEDESTRIANS INTO THAT. 
          WE'RE LOOKING AT ALL OF THOSE TYPES OF THINGS. 
          UM, AND THE BENEFIT OF HAVING THE PDB ON BOARD IS THE FACT THAT THEY BRING THAT COST LENS INTO IT AS WELL. 
          SO WE'RE LOOKING AT IN TERMS OF LIKE, HOW MUCH IS IT GONNA COST US? UM, WHAT IS THE USER EXPERIENCE GONNA BE LIKE? SO WE HAVE THESE DIFFERENT CATEGORIES THAT WE'RE LOOKING AT TO HELP DEVELOP THAT, AND THEY'VE BEEN HELPING US A LOT WITH THAT. 
          THE OTHER THING WE'VE ALSO BEEN DOING IS WE'VE BEEN STARTING GETTING READY FOR FIELD INVESTIGATION. 
          ON THE BOTTOM RIGHT YOU'LL SEE A, A LITTLE CARD THERE WHERE WE'VE GIVEN THAT TO THE FOLKS THAT ARE ACTUALLY GONNA BE OUT IN THE FIELD. 
          SO IF YOU SCAN THE QR CODE, IT ACTUALLY WORKS. 
          I'VE TESTED IT, YOU CAN ACTUALLY SEE THAT. 
          UM, SO FOLKS GET ADDITIONAL INFORMATION THAT'S OUT IN THE COMMUNITY, SO IT'S AN OPPORTUNITY TO KIND OF REACH OUT TO THEM AND GET ADDITIONAL INFORMATION. 
          SURVEYING. 
          WE'RE ACTUALLY OUT HERE DOING TOPOGRAPHIC SURVEY RIGHT NOW. 
          CONTRACTORS STARTED THAT PROCESS. 
          UM, WE'RE DOING TREE SURVEYS THAT'S ONGOING. 
          UM, WE'RE, WE'RE WORKING ON THE PERMITTING FOR THE, FOR THE UTILITY LOCATES AND ALSO FOR THE GEOTECH. 
          THAT WORK IS ALSO ONGOING AS WELL. 
          SO, SO WHAT'S THE LOOK AHEAD? WHAT DOES, WHAT DOES IT LOOK LIKE KIND OF GOING FORWARD? UM, ONE OF THE THINGS WE'RE TRYING TO DO, UM, IN TERMS OF THAT IS, IS, UM, DOING SOME OF THE PRE, UM, PRE-ACQUISITION ACTIVITIES AND SOME OF THAT WE'RE GONNA TALK ABOUT A LITTLE BIT LATER. 
          SO I'M NOT GONNA TALK COVER TOO MUCH ON THE APPRAISALS AND THE SITE SURVEYS, BUT IN TERMS OF CONSTRUCTION PLANNING, THIS IS REALLY IMPORTANT FOR US. 
          AS IN DURING THESE EARLY PHASES, WE'RE TRYING TO ACTUALLY WORK WITH THE CONTRACTOR TO DEVELOP WHAT THE PHASING AND SEQUENCE IS GONNA BE FOR THE, UH, FOR THE PROGRAM. 
          SOME OF THAT IS ALSO GONNA TIE BACK INTO REAL ESTATE, LIKE WHAT REAL ESTATE IS GONNA BE AVAILABLE FOR US. 
          WE'RE GONNA TALK ABOUT WORK PACKAGES, WHAT'S, WHAT'S MANAGEABLE PACKAGES THAT WE CAN ACTUALLY USE THAT ACTUALLY TIE IN WITH THE CASH FLOW THAT WE HAVE. 
          AND OF COURSE, LOOKING AT THAT OVERALL CONSTRUCTION TIMELINE, THE CONTRACTORS ACTUALLY WORKING WITH US ON THAT. 
          NOW ALL THIS TIES IN BACK TO PHASE ONE B. 
          AND PHASE ONE B ACTUALLY GETS US THROUGH THE PERMITTING PROCESS AND INTO CONSTRUCTION. 
          SO THE CONTRACTOR IS ACTUALLY WORKING WITH US RIGHT NOW TO ACTUALLY DEVELOP THE SCOPE FOR PHASE ONE B. 
          AND ONE OF THE THINGS THAT WE'RE TRYING TO DO FOR PHASE ONE B IS TO TRY TO BREAK IT OUT INTO A COUPLE OF DIFFERENT COMPONENTS, RIGHT? WE'RE TRYING TO DO THE ADMINISTRATIVE PORTION OF IT, WE'RE TRYING TO LOOK AT EARLY WORKS, LIKE WHAT DOES THAT LOOK LIKE? UM, HOW DO WE ACTUALLY BREAK THOSE PACKAGES UP? AND THEN THE LAST OF IT IS WE'RE LIKE, LET'S JUST TRY TO DEVELOP THE REST OF THE DESIGN, BECAUSE ONCE YOU GET THE EARLY WORKS PACKAGES DONE, THAT WORK BECOMES STATIC AND NOW THE DESIGN AROUNDS IT BECOMES, BECOMES, THAT'S THE, THAT'S THE PART THAT YOU CAN MOVE. 
          SO WE'RE TRYING TO GET THAT FROM 60 TO 90, AND THE INTENT IS AT THE END OF THAT PHASE, WE WOULD HAVE GUARANTEED MAXIMUM PRICES AND BE ABLE TO START THAT WORK, UM, LEAD INTO PHASE TWO. 
          NOW WITHIN THAT ONE B PHASE, UM, THAT EARLY WORKS, THAT, THAT WORK COULD BE DONE THEORETICALLY WITHIN, YOU KNOW, WITHIN A YEAR'S TIMELINE. 
          SO WE COULD BE THEORETICALLY BE STARTING CONSTRUCTION DURING PHASE ONE B, WHICH WILL GIVE US A YEAR FROM WHEN THAT ACTUALLY STARTS. 
          UM, SO THE AUTHORIZATION FOR THAT, WE'RE PROBABLY GONNA COME TO THE BOARD LATER THIS SUMMER. 
          AND, UM, IF IN TERMS OF MAGNITUDE, IF YOU THINK ABOUT THE WORK WE'RE DOING RIGHT NOW, WE'RE DOING LIKE SEVEN MONTHS WORTH OF WORK, UM, IN A VERY RAPID PACE. 
          UM, SO, SO THAT, THAT COST MAY COME IN A LITTLE BIT MORE THAN WHERE WE ARE RIGHT NOW, BUT WE HAVE TO GET THE ADDITIONAL 12 TO 18 MONTHS TO WRAP UP THE, UM, THE ONE B PHASE AND THEN GET INTO CONSTRUCTION. 
          WITH THAT, I'M GONNA TURN OVER TO LINDSAY TO ADD ANYTHING. 
          I THINK A KEY ELEMENT THAT WE'RE REALLY LOOKING FORWARD TO IN, IN THE ACTIVITIES THAT ALVIN JUST DESCRIBED IS BEING ABLE TO COMMUNICATE HOW WE'RE GOING TO BUILD THE PROJECT AND WHEN WE'LL START BUILDING AND WHERE BOTH FROM THE STANDPOINT OF COMMUNICATING WITH STAKEHOLDERS. 
          AND I KNOW FRANCIS IS GONNA TALK A LITTLE BIT ABOUT OUR BUSINESS SUPPORT PROGRAM, BUT, UM, WE OFTEN GET QUESTIONS ABOUT, YOU KNOW, WHEN WILL I BE AFFECTED BY CONSTRUCTION? AND SO THIS WORK WILL HELP US TO ANSWER THOSE QUESTIONS AND, AND BE ABLE TO TALK ABOUT THE SEQUENCING OF THE WORK AND ALSO THE TIMELINE ASSOCIATED WITH THAT, AND HAVE A DETAILED CONSTRUCTION SCHEDULE. 
          YOU KNOW, YOU MIGHT REMEMBER OUR, OUR TIMELINES DEVELOP TO DATE ARE AT A PLANNING LEVEL. 
          AND SO IT'LL, UH, IT'LL BE CRITICAL AS WE MOVE INTO THIS NEXT PHASE TO NOW HAVE A DETAILED CONSTRUCTION BASED SCHEDULE MOVING FORWARD. 
          AND AL AS ALVIN SAID, WE'LL BE COMING BACK THIS SUMMER WITH, UH, UPDATES ON ALL OF THAT, AS WELL AS TO AUTHORIZE THAT NEXT PHASE OF WORK 
          [00:15:01]
TO FINISH THE DESIGN AND, UM, BE ABLE TO MOVE INTO THE CONSTRUCTION WORK PACKAGES. 
          WE DO IMAGINE THAT THERE WILL BE MULTIPLE CONSTRUCTION WORK PACKAGES, SO NOT ONE SINGLE ELEMENT FOR BUILDING THE WHOLE SYSTEM, UM, STARTING IN 2027 AS ALVIN NOTED WITH SOME EARLY WORKS AND THEN FOLLOWED WITH A SEQUENCE OF ADDITIONAL WORK PACKAGES AFTER THAT. 
          ALL RIGHT, GOOD AFTERNOON. 
          BOARD CHAIR AND BOARD MEMBERS. 
          UM, ATP'S CHARGE IS COMMITTING TO BUILDING A PROGRAM FOR THE BUSINESS SUPPORT FOR THE LIGHT RAIL CONSTRUCTION IS UNDERSTANDING THE NEEDS OF LOCAL BUSINESSES DURING CONSTRUCTION. 
          AND LAST TIME I WAS HERE, I KIND OF JUST BROKE, UH, BRIEFLY GAVE YOU A HIGH LEVEL VIEW OF WHAT WE WERE GONNA START DOING. 
          AND SO I KIND OF WANTED TO TALK ABOUT WHAT WE'VE DONE THUS FAR. 
          WE COMPLETED EXTENSIVE RESEARCH ON PROGRAMS THAT HAVE BEEN IMPLEMENTED ACROSS THE COUNTRY, AND WE REALLY LOOKED AT A LOT OF PROGRAMS THAT HAVE OCCURRED POST COVID, ONES THAT ARE CURRENTLY ONGOING RIGHT NOW AND THAT HAVE ITERATED OVER THE LAST FEW YEARS REALLY TO KIND OF UNDERSTAND WHAT WORKED WELL, CITIES OF LARGER, SMALLER SIZE, DIFFERENT COMPONENTS, YOU KNOW, THE INDUSTRY REALLY MATTERS. 
          AND SO WE DID SOME OF THAT RESEARCH TO REALLY PREPARE US FOR THE NEEDS ASSESSMENT, WHICH WE ARE CURRENTLY ENGAGED IN RIGHT NOW. 
          WHAT THAT INVOLVES, WE STARTED OFF WITH A FEW FOCUS GROUPS, A BUSINESS FOCUS GROUP, WHICH REALLY, UH, LOOKED AT BUSINESS LEADERS AND BUSINESS, UH, ACTUAL BUSINESS OWNERS ALONG THE ALIGNMENT. 
          WE ALSO HAD A COMMUNITY FOCUS GROUP. 
          UM, AS IT'S REALLY IMPORTANT TO UNDERSTAND THE BUSINESS NEEDS, WE ALSO WANNA UNDERSTAND HOW THE COMMUNITY CAN SHOW UP FOR BUSINESSES. 
          AND SO THOSE WERE BOTH REALLY ENGAGING CONVERSATIONS. 
          WE ARE CURRENTLY CONDUCTING BLOCK WALKING. 
          WE ARE ACTUALLY GOING TO EVERY BUSINESS ON THE ALIGNMENTS. 
          UM, WE ARE HAVING TO ADJUST WHEN THEY'RE OPEN, AND SO WE'RE DOING MOSTLY DAY WALKING, BUT WE WILL HAVE A FEW, UH, OPPORTUNITIES WE'RE DOING IN THE LATE AFTERNOON. 
          AND WE ARE IN THE MIDDLE OF THAT. 
          WE'VE ALREADY DONE, UM, THE DRAG. 
          AND SO THAT'S BEEN REALLY REWARDING AND WE ALREADY HAVE GOTTEN RESPONSES. 
          WE ARE GIVING OUT THIS ONE PAGER. 
          AS YOU CAN SEE, THIS IS THE ENGLISH SIDE. 
          UM, IT'S LIKE A HALF PAGER. 
          THE OTHER SIDE IS IN IN SPANISH. 
          UM, AND WE ARE DELIVERING AND HAVING CONVERSATIONS. 
          UM, AND WE'RE LOOKING FORWARD TO GOING TO SOUTH CONGRESS AND RIVERSIDE OVER, UM, THE NEXT COUPLE OF WEEKS. 
          AND THEN, UM, LASTLY, SOME OF ALL OF THIS WORKS FOR THE NEEDS OF ASSESSMENT IS REALLY TO KIND OF GIVE US THAT BASE LEVEL. 
          WE REALLY WANNA BUILD A PROGRAM AND WE COULD COPY AND PASTE OTHER PROGRAMS. THERE'S A LOT OF PROGRAMS WE MET WITH THE PEOPLE FROM PHOENIX AND VALLEY METRO, BUT WE FOUND IT REALLY IMPORTANT THAT AUSTIN IS UNIQUE, UM, MORE SO THAN I WOULD SAY ANY OTHER CITY, IF I HAD TO BE HONEST. 
          AND SO IT IS REALLY INTERESTING. 
          UM, THE LAST THING I'LL SAY, UM, IN TERMS OF THIS IS WE ARE GETTING REALLY GOOD IDEAS FROM BUSINESSES. 
          BUSINESSES HAVE ALREADY GIVEN US IDEAS THAT WE'VE DONE RESEARCH THAT WE HADN'T DONE BEFORE. 
          AND SO THIS HAS BEEN REALLY, UH, IMPORTANT TO THE WORK THAT WE'RE DOING. 
          AND ALL OF THIS WILL HELP US DEVELOP THE PLAN THAT WE'RE GONNA BE WORKING ON LATER THIS YEAR THAT I'M SURE WE'LL COME BACK AND TALK MORE ABOUT. 
          THANK YOU. 
          UH, GOOD AFTERNOON, BOARD CHAIR, MEMBERS OF THE BOARD. 
          I'M JENNIFER PINE, UH, WITH A TP. 
          I'LL JUST GIVE A BRIEF UPDATE ON WHERE WE ARE WITH FEDERAL PROCESS. 
          UH, I, I'M SURE YOU RECALL, YOU KNOW, WE RECEIVED OUR RECORD OF DECISION BACK IN JANUARY, SO THAT COMPLETED THE FEDERAL ENVIRONMENTAL REVIEW PROCESS FOR US, HUGE MILESTONE, AND IT ENABLES US TO GO TO THE NEXT STEP AND DO MORE ADVANCED WORK. 
          SO SINCE THAT TIME, A COUPLE OF THINGS WE'VE BEEN, UM, TIGHTENING UP OUR REAL ESTATE PROCESS, UM, AND WE WERE ABLE TO BE THE GUINEA PIG WITH FTA ON A, A BOOTCAMP, UM, FOR GETTING OUR PROCESS AND OUR PLAN AND OUR ROLES IN ORDER WITH REGARD TO THE REAL ESTATE PROCESS. 
          SO THAT WAS IN FEBRUARY, FIRST TIME FTAS EVER DONE IT. 
          UH, WE HAD, UH, FOLKS WHO HAVE A, A KEY ROLE IN THE REAL ESTATE PROCESS, ALL PARTICIPATING TO MAKE SURE WE HAVE A CLEAR PROCESS, CLEAR ROLES, UM, TO MAKE SURE WE'RE MEETING REGS. 
          UH, AND ALSO JUST CONDUCTING IT IN A VERY CLEAR, UM, AND EFFICIENT MANNER. 
          UM, SO WE GOT VERY POSITIVE FEEDBACK FROM FTA ON THAT BOOTCAMP. 
          UM, AND A, A GOOD OUTCOME TOO IS JUST THEIR CONFIDENCE IN HOW WE'RE WORKING TOGETHER, UH, AND HOW WE'RE GONNA MOVE THAT, THAT VERY IMPORTANT PIECE OF THE PROGRAM FORWARD. 
          UH, SO IN ADDITION, WE'RE COORDINATING WITH FTA ON OUR ACTIVITIES OVER THE NEXT YEAR. 
          UM, IT'S VERY MUCH WOVEN TOGETHER WITH ALL OF THE PRODUCTS AND THE DELIVERABLES THAT THE PROGRESSIVE DESIGN BUILDER TEAMS ARE GOING TO BE, UH, CONTRIBUTING OVER THE NEXT, UH, NINE PLUS MONTHS. 
          UH, WE WILL WORK TOGETHER CLOSELY WITH FTA AS THEY DO THEIR DUE DILIGENCE AND REALLY DIVE IN TO THE SCOPE OF THE PROJECT, THE SCHEDULE OF THE PROJECT, UH, AND MAKE SURE THAT WE ARE ALL HAVE A SHARED UNDERSTANDING OF HOW WE'RE GOING TO APPROACH THIS WORK. 
          UH, THE FTA HAS, UM, ASSIGNED A, A PROJECT MANAGEMENT OVERSIGHT CONSULTANT OR A-P-M-O-C. 
          UM, SO WE'VE BEEN WORKING WITH THEM FOR A COUPLE OF MONTHS. 
          THAT'S A VERY TYPICAL THING. 
          I THINK IT PROBABLY HAPPENS ON EVERY NEW STARTS PROJECT, UM, THAT IS ADDITIONAL RESOURCES THAT SUPPORT FTA IN DOING THEIR DUE DILIGENCE WORK. 
          SO WE'VE BEEN HAPPY TO BRING THEM INTO THE FOLD, UM, AND JUST 
          [00:20:01]
GET EVERYBODY KIND OF AMPED UP, UM, FOR THE WORK THAT WE'RE ABOUT TO DO. 
          SO I THINK THAT CONCLUDES OUR, OUR SET OF SLIDES, AND I'M SURE WE'D BE HAPPY TO TAKE QUESTIONS. 
          BOARD MEMBER HORN. 
          THANK YOU ALL FOR THAT, UM, PRESENTATION. 
          UH, IT'S REALLY EXCITING TO SEE HOW NIMBLE THIS TEAM IS AND LIKE HOW MANY THINGS ARE MOVING AHEAD SO QUICKLY. 
          I KNOW YOU SPOKE ABOUT THIS, IT SEEMED LIKE IT WENT KIND OF FAST, UM, BUT, UM, AL ALVIN AND LINDSAY, BUT, UM, CAN YOU JUST SORT OF EMPHASIZE, UM, HOW IMPORTANT, LIKE WHAT YOU'RE DOING NOW TO ALL YOUR INVESTIGATIONS, INCLUDING LIKE FOR THE UTILITIES AND HOW THAT REDUCES THE, THE RISK, UM, FOR A TP INCLUDING FINANCIALLY, UM, BEFORE, UM, ASKING FOR ENTRY INTO ENGINEERING? I'M, I'M VERY IMPRESSED TO SEE ALL OF THIS. 
          UH, YES. 
          SO WE WORKED WITH OUR CONTRACTOR, THE ARC TEAM, UM, TO IDENTIFY WHAT FIELD INVESTIGATIONS THEY ARE RECOMMENDING AT THIS STAGE TO, UM, SORT OF SATISFY OURSELVES THAT WE UNDERSTAND THE EXISTING SITE CONDITIONS TO THE BEST ABILITY POSSIBLE. 
          AND THAT INCLUDES EVERYTHING FROM SOIL CONDITIONS AND DOING, UM, YOU KNOW, BORINGS ALONG THE ALIGNMENT TO LOCATING UTILITIES, BOTH FROM A, A RECORDS RESEARCH AND COORDINATION WITH THE UTILITY COMPANIES THEMSELVES, AS WELL AS, UM, DOING POTHOLES ALONG THE ALIGNMENT TO ACTUALLY, YOU KNOW, POP MANHOLES AND GO DOWN AND, AND LOOK AT THE, UM, THE, THE LOCATION AND THE DEPTH OF EACH OF THE UTILITIES AS WELL AS CONDITION IN CERTAIN CASES. 
          AND DOING THE SURVEY, EVERYTHING FROM, YOU KNOW, TOPOGRAPHIC TO UNDERSTAND THE GRADING, BUT ALSO TREES AND ALL OF THAT WORK ULTIMATELY INFORMING HAVING AN ABILITY TO DE-RISK THE PROJECT, AS YOU NOTE, BY KNOWING THE EXISTING CONDITIONS TO THE GREATEST DEGREE POSSIBLE. 
          AND WE WILL HAVE THE OPPORTUNITY TO EVEN DO MORE OF THOSE IN THE NEXT PHASE OF WORK, SHOULD ANYTHING BE IDENTIFIED IN THIS PHASE THAT LEADS SOMEONE TO, YOU KNOW, WANT TO DO MORE BORINGS AND REALIZE THAT MAYBE THERE'S SOME VARIABILITY AND CONDITIONS. 
          UH, SO WE'LL CONTINUE THAT WORK ALL THE WAY THROUGH PRE-CONSTRUCTION AND ULTIMATELY LEADING TO NOT ONLY, UH, INFORMING OUR ENTRY INTO ENGINEERING ASSESSMENT OF RISKS THAT HELPS OUR FEDERAL FUNDING PARTNER BE CONFIDENT THAT WE HAVE DONE THE DUE DILIGENCE NECESSARY, UH, TO SUPPORT FUNDING OF THE PROJECT. 
          BUT IT INFORMS OUR GUARANTEED MAX PRICE NEGOTIATIONS WHEN WE GET TO THE CONSTRUCTION WORK PACKAGES SO THAT WE'RE ABLE TO BRING THE CONTINGENCY LEVELS, WHICH IS HOW YOU PLAN FOR UNFORESEEN SITE CONDITIONS, OR MAYBE THE REALITY THAT YOU CAN KNOW. 
          NEVER KNOW EXACTLY EVERYTHING UNDERGROUND, BUT IT REDUCES THE LEVEL OF THOSE CONTINGENCIES BECAUSE YOU KNOW AS MUCH AS YOU REASONABLY CAN KNOW OF WHAT'S UNDERGROUND. 
          THANK YOU. 
          JUST BOARD CHAIR, JUST TO ADD THAT, UH, BOARD MEMBER HORN, JUST TO, JUST TO YOUR, YOUR QUESTION TOO ABOUT ASSESSING THAT RISK AND BEING READY. 
          I THINK UNDER UNDERLYING IT, I KNOW YOU KNOW THIS, UM, AND JEN TOUCHED ON IT WITH THAT, WITH THETA'S HIRING OF THAT PMOC CONTRACT AND THEM DOING THAT DUE DILIGENCE, I THINK IT'S, IT'S A REMINDER TO ALL OF US THAT OUR MAJOR INVESTOR IS THE FTA IN, IN SHARE WITH OUR LOCAL INVESTORS WITH THE, WITH AUSTIN, UM, AND THEY DO THEIR DUE DILIGENCE. 
          UM, AND THAT ALL WORK LEADS UP TO A VERY RIGOROUS RISK PROCESS AND RISK WORKSHOP. 
          SO EVERYTHING YOU'RE HEARING TODAY AND ALL THE WORK WE'RE DOING IS ALSO READINESS FOR US. 
          UH, AND IT'S VERY INTRICATE. 
          UM, AND THAT'S A KEY MOMENT IN ORDER TO GET INTO THAT NEXT GATE OF THE FEDERAL PROCESS. 
          AND I THINK, AS I MENTIONED, WHAT YOU'LL SEE HERE IS I THINK WE'RE GONNA SPEND A LOT OF TIME THIS YEAR, UH, WITH THE BOARD AND PUBLICLY TALKING ABOUT THE ELEMENTS OF THAT RISK WORKSHOP. 
          'CAUSE IT'S ABOUT THE PROJECT RISK, IT'S ABOUT FINANCIAL RISK, UM, UH, AND HOW WE'RE WORKING WITH THE COMMUNITY ON THAT. 
          SO IT'S JUST GONNA BE A CONSTANT CONVERSATION ABOUT THAT RISK. 
          IT'S NOT JUST A TALK ABOUT IT AS A WORD, IT'S ACTUALLY A PROCESS. 
          UM, AND WE TAKE IT AND WE'RE, WE ARE ALL REVVED UP TO MAKE SURE THAT WE ARE THOUGHTFULLY WORKING THROUGH EVERYTHING SO THAT WHEN WE GET TO THAT KEY MOMENT, UM, WE ARE READY. 
          AND AS JEN SAID, THE PROCESS WITH FTA, I THINK SHE'S BEING A, A LITTLE HUMBLE ABOUT THE FEEDBACK THAT WE'RE GETTING FROM FTA ABOUT HOW WE ARE CREATING, UM, SOME NEW MODELS THAT, UM, FTA IS KIND OF TELLING FOLKS YOU NEED TO GO TALK TO, TO JEN AND ALVIN AND BRAD ABOUT HOW WE'RE DOING SOME OF OUR WORK DOWN HERE BECAUSE THEY LIKE HOW WE'VE BEEN VERY COMMUNICATIVE WITH THEM AND WE'RE GONNA CONTINUE DOING THAT. 
          BUT WE ARE, WE HAVE A BIG 
          [00:25:01]
EFFORT HERE IN ABOUT A, ABOUT A YEAR FROM NOW WITH THEM. 
          AND WE'LL CONTINUE COMING TO YOU WITH ALL OF THOSE ELEMENTS. 
          WELL, IT SEEMS TO BE, UM, MOVING IN THE RIGHT DIRECTION. 
          THANK YOU. 
          ANY MORE QUESTIONS? NO, I HAVE A COUPLE OF JUST MECHANICS, UM, ON, WHEN YOU TALK ABOUT THE PMOC KICKOFF WITH THEM, DO YOU MEET IN REGION SIX? DO THEY COME HERE TO AUSTIN? UH, SO THEY DO WORK DIRECTLY WITH REGION SIX OF THE FTA OKAY. 
          OR CHAIR. 
          AND, UM, SO THEY WILL VISIT US ON A REGULAR BASIS. 
          THEY'VE BEEN DOWN HERE A COUPLE OF TIMES OVER THE PAST FEW MONTHS TO TOUR THE ALIGNMENT AND MEET WITH US IN PERSON. 
          SO I EXPECT TO SEE THEM REGULARLY. 
          OKAY. 
          AND, UM, SO THE CADENCE OF THESE MEETINGS WITH THE PMOC, THAT IS THE SECOND SET OF EYES FOR FDA. 
          HOW OFTEN DOES THAT HAPPEN? ALL THE TIME. 
          ALL THE TIME. 
          , BUT, UH,  OKAY. 
          BUT IN A FORMAL MANNER, YOU KNOW, UHHUH ON A MONTHLY BASIS FOR SURE. 
          WE HAVE A REGULARIZED MEETING, BUT, UM, BUT YOU KNOW, WE'RE IN TOUCH ALL THE TIME. 
          GREAT. 
          UM, I HEARD YOU ALSO SAY ABOUT AT WHAT PERCENTAGE OF ALL THE INVESTIGATION YOU MENTIONED THE GUARANTEED MAXIMUM PRICE, THE GMPI WASN'T SURE IF IT WAS AT THE 60% MARK OR THE 90% MARK. 
          SO THIS, THIS IS ME. 
          SO LINDSAY, CORRECT ME IF YOU WANT, I, I THINK LIKE ON THE EARLY WORKS AS AN EXAMPLE, ONE OF THE THINGS THAT I, I'M PROPOSING IS LIKE, WE DO IT CLOSE TO 90% BECAUSE IT'S LESS RISK. 
          WE MORE, MOST OF THE DESIGN IS DONE, WE KNOW LESS CONTINGENCY. 
          YEAH. 
          YOU'VE SOLVED A LOT OF THINGS. 
          SO THAT, SO THAT'S, THAT'S THE PLAN. 
          AND THEN WE CAN FINALIZE THE DESIGN DURING THE PHASE TWO PHASE AND GO TO CONSTRUCTION. 
          GREAT. 
          UM, A QUICK QUESTION FOR YOU, FRANCIS. 
          UM, ALSO, WHEN, CAN YOU TALK A LITTLE BIT MORE WHAT I LEARNED WHEN WE HAD OUR MEETING WITH THE ADVISORY GROUP? MM-HMM . 
          I REALLY LIKE LEARNING, AND THIS IS JUST FOR THE BENEFIT OF THE BOARD, BUT THAT THE MAKEUP OF THE FOCUS GROUPS, WHEN YOU WERE TALKING ABOUT BUSINESSES, IT IN, IT INCLUDED NEIGHBORHOOD ADVOCATES THAT WERE NEARBY THOSE BUSINESSES AND IT INCLUDED TRANSIT ADVOCATES AND IT INCLUDED THE BUSINESS THEMSELVES. 
          SO CAN YOU TELL US A BIT MORE OF THAT MAKEUP? YEAH, SO WE HAD TWO DIFFERENT FOCUS GROUPS, AND WE HAD THE BUSINESSES, WHICH IS, YOU KNOW, WE HAD BUSINESSES OF ALL SI UH, SHAPES AND SIZES, UM, AND AT THE BUSINESS FOCUS GROUP, BUT THE COMMUNITY FOCUS GROUP, WE ACTUALLY HAD, UM, COLLEGE STUDENTS THERE. 
          WE HAD CHURCHES, WE HAD COMMUNITY ADVOCATES, WE HAD A CC WAS THERE, WE HAD, WE INVITED THE UNIVERSITIES. 
          UM, WE HAD A VERY VARIETY IN, IN TERMS OF NOT ONLY DIVERSE AND ETHNICITY, BUT ALSO, UM, WE HAD LEADERS FROM EAST, THE EAST RIVERSIDE COMMUNITY. 
          UM, WE, SO IT, IT WAS A VERY, UM, I'M TRYING TO THINK MORE SPECIFICALLY ABOUT SPECIFIC GROUPS. 
          WE ALSO, UM, HAD BUSINESS GROUPS THAT WERE THERE AS WELL. 
          UM, I'M TRYING TO THINK OF ANYONE ELSE THAT I MISSED. 
          NO, I THINK YOU ANSWERED THE QUESTION. 
          I MEAN, I THINK IN, IN GENERAL, I THINK FOR THE POINT I WANNA MAKE FOR THE, FOR THE BOARD IS THAT THERE'S A LOT OF INTENTION IN HOW THEY'RE ADDRESSING HOW WE LEARN AND HOW WE GO ABOUT DOING THIS WORK THAT I THOUGHT WAS WONDERFUL AND METHODICAL. 
          SO THANK YOU FOR INCLUDING A DIVERSE GROUP OF ENTITIES. 
          SO IF I COULD, MADAM CHAIR, UH, BECAUSE THIS IS I THINK A, A REALLY IMPORTANT ISSUE, HOW WE, HOW WE, UH, WORK WITH THE BUSINESS NEEDS, UH, NEEDS OF BUSINESSES THAT WILL BE IMPACTED ON THE CORRIDORS THAT WE OPERATE ON, BUT ALSO, UH, TECHNICAL ASSISTANCE FOR SOME OF THOSE FIRMS THAT MIGHT BE WORKING WITH US, PARTICULARLY SMALLER FIRMS. MM-HMM . 
          UM, ONE OF THE BEST RESOURCES THAT WE HAVE FOUND, UM, WHETHER IT'S AT THE COUNTY OR CAP METRO OR OTHERS, UH, HAS BEEN IC SQUARED AT THE UNIVERSITY OF TEXAS AT AUSTIN. 
          UH, IT'S THE COSME SKI CENTER. 
          AND, UH, IT HAS PUT TOGETHER, UH, AT LEAST FOUR COHORTS OF LOCAL COMPANIES, UH, THAT NEED VARIOUS TYPES OF TECHNICAL ASSISTANCE AND COUNSELING. 
          UH, SO THAT WOULD, THAT WOULD PUT IN PLACE A NUMBER OF NEEDS ASSESSMENTS OF SI OF VARIOUS SIZES AND TYPES OF BUSINESSES. 
          AND IT IS ALREADY WORKING WITHIN THE COMMUNITY. 
          SO I WOULD INTRODUCE YOU TO THE LEADERSHIP THERE, JOHN SIBLEY BUTLER AND HIS TEAM, SO THAT YOU CAN KNOW WHAT THEY'VE DONE ALREADY AND TAKE ADVANTAGE OF, OF THE RESEARCH THAT HAS ALREADY BEEN PAID FOR. 
          SO, UM, YEAH, AND I THINK THAT'S SOME OF OUR INTENTION TOO, IS TO WORK WITH PARTNERS LIKE THAT WHO ALREADY DO SOME OF THIS WORK AND SUPPORT BUSINESSES ALREADY. 
          I MEAN, WE'VE MET WITH SOME OF THE CITY OF AUSTIN, UM, DEPARTMENTS THAT DO THIS WORK AS WELL. 
          AND SO WE'RE NOT NECESSARILY DOING IT IN A SILO, BUT WE'LL BE WORKING WITH PARTNERS IN THAT WAY AS WELL. 
          IT'D BE TREMENDOUS IF WE CAN GET DR. BUTLER TO HELP US OUT. 
          I THINK WE'LL BE IN A, IN A GREAT SPOT. 
          [00:30:01]
I'LL FOLLOW UP. 
           , THANK YOU TEAM. 
          AND ANY FURTHER QUESTIONS? NO. 
          GREAT. 
          THANK YOU. 
          THANK YOU. 
          SO 
          [3.1 Approval of minutes from the February 18, 2026 ATP Board Meeting.]
NOW WE'RE MOVING ON TO OUR ACTION ITEMS. ACTION ITEM NUMBER ONE IS THE APPROVAL OF THE MEETING MINUTES FROM THE FEBRUARY 18TH BOARD MEETING. 
          I'D LIKE TO REQUEST A MOTION AND A SECOND TO APPROVE THIS ITEM. 
          THE MINUTES. 
          THANK YOU. 
          MOVE BY A SECOND. 
          BOARD MEMBER HORN. 
          SECOND BY BOARD MEMBER PAVILION. 
          UM, ANY DISCUSSION? NO DISCUSSION. 
          EVERYONE IN FAVOR, PLEASE SAY AYE. 
          AYE. 
          AYE. 
          MEETING MINUTES HAVE BEEN APPROVED UNANIMOUSLY. 
          THE NEXT ITEM 
          [3.5 Approval of a resolution authorizing the Executive Director or their designee to negotiate and execute all documents necessary for the acquisition of up to 18 parcels of real property for use as parts of the Austin Light Rail Phase 1 system, including parcels designated for use as the operations and maintenance facility and parcels located on the proposed rail line for Austin Light Rail, and authorizing funding for such acquisitions.]
ON THE AGENDA SECTION ITEM NUMBER FIVE, WHICH RELATES TO THE ACQUISITION OF REAL ESTATE FOR THE AUSTINITE RAIL, A TP STAFF HAS RECOMMENDED AN AUTHORIZED FUNDING LEVEL FOR THIS ITEM IN AN AMOUNT NOT TO EXCEED $230 MILLION. 
          I WILL REQUEST THAT THE MOTION TO APPROVE THESE ITEMS INCLUDE AUTHORIZATION FOR FUNDING FOR ITEM FIVE IN AN AMOUNT NOT TO EXCEED $230 MILLION. 
          IS THERE A MOTION TO APPROVE ACTION? ITEM NUMBER FIVE, WITH THE FUNDING AUTHORIZATION, AS I HAVE STATED, MOVED BY BOARD MEMBER GARZA SECOND. 
          SECOND BY BOARD MEMBER BILION, ANY DISCUSSION? I, I HAVE A QUESTION I'D LIKE TO ASK. 
          SURE. 
          UM, OF THESE 18 PAR ON THE 18 PARCELS, ARE ANY OF THEM HAPPENING AS A RESULT OF CONDEMNATION OR ALL, ARE THEY ALL CONTRACTUAL AND, AND JUST AGREED? UH, GOOD EVENING BOARD MEMBER OR GOOD AFTERNOON. 
          UH, ALEX GALE, SENIOR VICE PRESIDENT OF REAL ESTATE AND FACILITIES. 
          UM, SO WE'RE PURSUING THESE, UM, UNDER THE THREAT IN PARTNERSHIP WITH THE CITY OF AUSTIN, BUT WE HAVE YET TO MAKE OFFERS ON THESE PARCELS. 
          ALRIGHT. 
          SO WHAT WE'RE APPROVING HERE COMES AT A TIME WHEN WE HAVE NOT MADE AN OFFER, WE DON'T HAVE A CONTRACT, AND WE HAVEN'T GONE FORWARD WITH ANY ACTS OF CONDEMNATION. 
          THAT'S CORRECT. 
          SO, UM, WE'VE RECEIVED OUR ROD, OUR RECORD OF DECISION FROM THE, THE FDA, AND SO NOW WE'RE MOVING FORWARD WITH OUR ACQUISITION OF THIS FIRST BATCH OF PROPERTIES. 
          AND HOW DID, HOW IT INDICATES THAT IN INCLUDING PARCELS DESIGNATED FOR USE OF OPERATIONS AND MAINTENANCE, BUT HOW MANY OF THESE PARCELS ESSENTIALLY WE'RE, WE'RE, WE'RE BEING ASKED TO AGREE TO 18 PARCELS. 
          HOW MANY OF THOSE PARCELS ARE DIRECTLY RELATED TO THE O AND M FACILITY? SO THERE'S NINE PARCELS ON THAT LIST, UH, RELATED TO THE OPERATION AND MAINTENANCE FACILITY AND NINE PARCELS ALONG THE ALIGNMENT, UH, THAT ARE FULL PARCEL ACQUISITIONS, UH, FOR THE NEEDED LRT ALIGNMENT. 
          SO, SO PEOPLE SHOULDN'T UNDERSTAND THAT THIS IS THE, IS THIS THE FIRST, OR IT SEEMS TO ME LIKE IT'S THE FIRST STEP IN THE, THE PROCESS OF GOING FORWARD WITH IMMINENT DOMAIN IN SOME OF THESE INSTANCES. 
          THAT'S CORRECT. 
          UM, SO THIS IS THE FIRST BATCH THAT WE'RE BRINGING TO THE BOARD FOR APPROVAL. 
          WE DO ANTICIPATE FUTURE BATCHES COMING TO THE BOARD, UH, AS WE WORK WITH OUR LRT, UH, DESIGN CONTRACTOR TO IDENTIFY THE NECESSARY PROPERTIES, UH, DEPENDENT UPON PROGRESSING OUR DESIGN. 
          AND, UM, DO THE LANDOWNERS KNOW THAT THEY'RE ON THE LIST YET? YES, SIR. 
          AND, AND WHAT IS THE PROCESS THAT WE'VE SET UP FOR THE NEGOTIATION, AND HAVE WE HIRED, UH, COUNSEL, OUTSIDE COUNSEL, UH, WITH REGARD TO PROCESSING ANY IMMINENT DOMAIN THAT MIGHT OCCUR? YES, SIR. 
          UM, SO, UH, JUST TO GO BACK A LITTLE BIT, WE, WE CAME TO OUR BOARD, UH, FOR AN INTERLOCAL AGREEMENT, UH, WITH THE CITY OF AUSTIN TO SET UP THAT, UH, ACQUISITION PROCESS, WHICH CREATED A JOINT ACQUISITION TEAM IN PARTNERSHIP WITH, UH, THE CITY. 
          WE HAVE ALSO HAD OUR BOARD APPROVE US HIRING CONTRACTORS TO HELP US WITH OUR ACQUISITIONS AND RELOCATIONS ASSOCIATED WITH ALL OF THE ACQUISITIONS NECESSARY FOR THE PROJECT. 
          UH, WE AT A TP DO HAVE OUTSIDE COUNSEL IN WORKING WITH OUR PARTNERS AT THE CITY. 
          UM, THEY ARE WORKING ON, UH, HIRING OUTSIDE COUNSEL FOR, UH, REPRESENTATION ON THE EMINENT DOMAIN SIDE AS WELL. 
          SO WE HAVE NOT YET HIRED COUNSEL FOR THE AC FOR ANY ACTUAL IMMINENT DOMAIN PROCESS. 
          A TP OF COURSE, WE HAVE OUR OUTSIDE COUNSEL CITY IS WORKING. 
          YES. 
          YES, SIR. 
          I, I'M ASKING A VERY SPECIFIC QUESTION, AND THAT IS, HAS COUNCIL BEEN HIRED FOR PURPOSES OF, OF REPRESENTING A TP CITY OF AUSTIN? ALL OF THE, THE ENTITIES AND I, AND I REMEMBER ALL OF THAT. 
          YEAH, BUT I'M TRYING, I'M, I WANT THE PUBLIC TO KNOW WHAT 
          [00:35:01]
THIS VOTE MEANS. 
          SURE. 
          EVEN MORE THAN JUST THE MONEY PART OF IT. 
          THIS IS THE BEGINNING OF THE PROCESS WHERE PEOPLE MAY ANTICIPATE THAT WE WILL, THAT WE WILL BE TAKING CONDEMNATION ACTIONS AND IMMINENT DOMAIN ACTIONS. 
          YES, SIR. 
          THAT IS CORRECT. 
          AND I WANT THEM TO UNDERSTAND WHERE IN THAT PROCESS WE ARE, WE ARE IDENTIFYING 18 PARCELS, SOME OF WHICH WILL BE USED FOR OPERATIONS AND MAINTENANCE FACILITY, THAT OTHERS WILL BE USED FOR THE ALIGNMENT. 
          NOT ALL OF THE ALIGNMENT IS ON THIS LIST. 
          AND, AND I'M, I'M GONNA GET TO A QUESTION ABOUT THAT IN JUST A SECOND, BUT IN THE, IN TERMS OF THE OVERALL PROCESS, WHILE WE'VE DONE THE BASICS OF THE PARTNERSHIP AGREEING WE'RE GOING TO GO FORWARD, WHERE ARE WE IN THE PROCESS OF HIRING COUNSEL TO EITHER NEGOTIATE OR GO FORWARD WITH IMMINENT DOMAIN? SO WE, UH, OF COURSE, WILL MOVE FORWARD WITH THE ACQUISITION PROCESS, MAKING THE OFFERS FOLLOWING, OF COURSE, ALL THE FEDERAL AND STATE, UH, REGULATIONS THAT WE NEED TO FOLLOW. 
          I DON'T WANNA SPEAK ON BEHALF OF THE CITY, BUT IN MY CONVERSATIONS WITH THE, THE, THE CITY REPRESENTATIVES, UH, THERE, THEY DO HAVE OUTSIDE EMINENT DOMAIN COUNCIL REPRESENTING THEM NOW WITH, I THINK, A PATH TO BRING ON ADDITIONAL, UH, COUNCIL IN THE FUTURE TO CITY COUNCIL. 
          SO MAYBE I'M NOT UNDERSTANDING PART OF YOUR ANSWER OR I'M NOT UNDERSTANDING THE PROCESS COMPLETELY, UH, WHICH COULD BE BOTH  OR, I JUST DON'T UNDERSTAND THE QUESTION CORRECTLY UNDER THE FTA, UH, RULES AND REGULATIONS, RIGHT. 
          AS I UNDERSTAND IT, A TP WILL BE THE PARTY DOING THE IMMINENT DOMAIN. 
          NO, THAT'S INCORRECT. 
          OKAY, THEN I DIDN'T UNDERSTAND. 
          YEAH, SO EXPLAIN THAT PROCESS. 
          SO WITHIN THE, THE ILA AND THROUGH THE PROCESSES THAT WE'VE DEVELOPED IN PARTNERSHIP WITH THE CITY, A TP WILL BE PURSUING ACQUISITION OF THE, THE PROPERTIES, UH, BUT ALSO ACTING, UH, IN CONJUNCTION, EXCUSE ME, WITH THE CITY OF AUSTIN, IF WE ARE UNABLE TO COME TO AN AGREEMENT OR A SETTLEMENT WITH THE PROPERTY OWNERS, WE WILL THEN WORK WITH THE JOINT ACQUISITION TEAM AND, UH, THE CITY THROUGH MICHAEL GATES, THE REAL ESTATE OFFICER, UH, AT THE CITY OF AUSTIN TO MOVE THOSE ITEMS TO CITY COUNCIL IF WE'RE NOT UNABLE TO COME TO AN AGREEMENT. 
          SO WE DID AND I DID NOT UNDERSTAND. 
          I MISUNDERSTOOD THAT AT SOME POINT. 
          YEAH. 
          SO, AND I'M, SO I'M GLAD I'M ASKING THIS SO THAT, THAT EVERYBODY'S AWARE, IT WILL NOT BE A TP THAT WILL ENGAGE A TP MAY BE DOING THE INITIAL NEGOTIATIONS. 
          THAT'S CORRECT. 
          BUT IT WILL BE THE CITY OF AUSTIN THAT ACTUALLY THEN ENGAGES IN THE IMMINENT DOMAIN PROCESS. 
          YES, SIR. 
          OKAY. 
          UM, WELL THAT HELPS ME UNDERSTAND THAT. 
          THANK YOU VERY MUCH. 
          AND JUST, IF I COULD JUST ADD ONE THING, AND THANK YOU, ALEX FOR THAT. 
          MAYOR, THANK YOU FOR THIS QUESTION. 
          I THINK IT IS IMPORTANT THAT FOLKS KNOW THAT THERE'S A PROCESS. 
          AND MOST IMPORTANTLY AS WELL, ALL OF THIS REAL ESTATE EFFORT REALLY KICKED OFF IN THE NEPA PROCESS TWO AND A HALF YEARS AGO, THE IDENTIFICATION OF THE NECESSARY PARCELS. 
          IN FACT, I THINK IT'S IMPORTANT TO NOTE THAT, UM, FROM WHEN WE STARTED THE NEPA PROCESS TO WHEN WE FINISHED IT, WE ACTUALLY REDUCED OUR, WE REDUCED OUR LAND TAKES. 
          THAT WAS ALWAYS BEEN A, A PRIORITY. 
          UH, WE'RE TRYING TO MINIMIZE TAKES FROM A, BOTH A PROPERTY PERSPECTIVE, BUT FROM A COST PERSPECTIVE AS WELL. 
          UM, AND, AND WE'LL CONTINUE TO DO THAT. 
          AND THAT IS WHY, UH, INSTEAD OF SAYING, HERE'S ALL OF THEM THE BATCH OF THINGS THAT HAVE THESE CRITICAL LEAD ITEMS, AND THEN WE WORK THROUGH THE, THE PROCESS, I THINK AS, AS, AS BOARD MEMBER HO SAYING, THERE'S A LOT OF COORDINATION OF EFFORTS. 
          AND SO WE'RE, WE'VE SYNCED THOSE ALL, ALL UP. 
          BUT THEN ALSO, UH, MAYOR, JUST TO TO POINT OUT IS THIS IS LOCKSTEP WITH THE CITY. 
          UM, AS ALEX SAID, THERE'S A JOINT ACQUISITION TEAM ALONG, UH, WITH THE CITY. 
          AND SO EVERYTHING WE ARE DOING, THERE'S A PROCESS AND PROCEDURE AROUND THAT. 
          AND THAT IN ONE PATHWAY WE'RE ABLE TO GET TO ACQUISITION, ANOTHER PATHWAY, WE HAVE TO DO IT UNDER . 
          SO THAT PROCESS HAS BEEN, UH, WE, WE CAME THROUGH AND, AND DISCUSSED THAT AT, AT, AT THE BOARD ADOPTION WHEN WE DID THAT HERE, AS DID WITH CITY COUNCIL. 
          WE WILL ALSO KEEP YOU APPRISED OF HOW WE'RE PROCEEDING ALONG THAT AS WELL. 
          REPORTING ON HOW WE'RE DOING, UM, UH, 'CAUSE WE KNOW THAT'S A, IT'S A CRITICAL ITEM. 
          AND THEN FINALLY, THESE ITEMS ARE TO MAYOR, I REALLY APPRECIATE THIS IS THE BEGINNING, RIGHT? RIGHT. 
          THIS IS THE BEGINNING. 
          THESE ARE 12 TO 18 MONTH PROCESSES. 
          UM, COMMUNICATION WITH, UH, LANDOWNERS HAS ALWAYS BEEN ONGOING AND IS A PRIORITY AND WILL CONTINUE TO BE. 
          UH, BUT THESE, THESE EFFORTS ARE NOT HAPPENING TOMORROW. 
          UM, THEY'RE SYNCHRONIZED. 
          SO I THINK I APPRECIATE YOU HELPING US, HELPING THE COMMUNITY SEE THAT, THAT WE ARE, THIS IS PART OF THAT JOURNEY OF GETTING A LARGE MEGA PROJECT DONE. 
          UM, AND IT'S A STEP-BY-STEP PROCESS. 
          I THINK IT'S VERY IMPORTANT FOR, FOR EVERYONE TO UNDERSTAND BECAUSE THERE'S GOING TO BE LOTS OF 
          [00:40:01]
DISCUSSION, LOTS OF ISSUES RAISED. 
          UM, I FRANKLY BEING REMINDED OR, OR UNDERSTANDING FOR THE FIRST TIME THE ROLE, THE WAY THE ROLES WILL PLAY IN THIS, EVEN THOUGH WE HAVE A TP AS WITH ITS DESIGNATION, UH, I THINK IT'S GONNA BE IMPORTANT FOR THE, THE COUNCIL TO ALSO BE BRIEFED ON THIS AS IT GOES ALONG. 
          BUT ONE OF THE OTHER, UH, SO I THINK IT'S, WE, WE HAVE TO EMPHASIZE THIS IS THE BEGINNING OF, BEGINNING OF WHAT WILL BE, AND WE SHOULD ANTICIPATE A SOMETIMES UNCOMFORTABLE PROCESS. 
          AND, AND THAT'S WHY I DIDN'T WANT IT TO MOVE TOO FAST AS, AS WE VOTE ON THIS. 
          THE OTHER THING THAT I, I MEANT TO ASK, AND I I SAID I WAS GONNA COME BACK TO, AND I FORGOT, BUT YOU, YOU REMINDED ME, IS HOW DID WE CHOOSE THESE 18 PARCELS? I GET IF WE NEED TO BUILD A MAINTENANCE OF MAINTENANCE FACILITY, AN OPERATIONS AND MAINTENANCE FACILITY, BUT HOW IS IT THAT WE'RE CHOOSING THE, THE, THE PARCELS THAT MAY ULTIMATELY BE CONDEMNED? UH, HOW ARE WE CHOOSING THOSE AND, AND WHY JUST THESE 18? AGAIN, I'M WILLING TO KIND OF SET ASIDE THE, THE OPERATION OF MAINTENANCE FACILITY. 
          THAT'S A DIFFERENT SITUATION. 
          BUT FOR THE ALIGNMENT PURPOSES, HOW DID WE, HOW DID WE CHOOSE THOSE? WHY DID WE CHOOSE THOSE? AND THEN LET'S TALK ABOUT MONEY AT THE END OF THAT. 
          SURE. 
          UH, NO, IT'S A GOOD QUESTION. 
          AND, UH, I'M SURE QUESTION MANY FOLKS HAVE, RIGHT? AND SO THE EIGHT OF THE 18 NINE ARE FOUR AT THE OPERATION AND MAINTENANCE FACILITY. 
          THE OTHER NINE, OF COURSE, ARE DEPENDENT UPON THE DESIGN INFORMING US IS REAL ESTATE, WHAT PARCELS WE NEED TO ACQUIRE. 
          AND SO AS THAT DESIGN THAT WAS, UM, INCLUDED IN THE FEIS, THERE WERE FULL PARCEL ACQUISITIONS THAT WERE, UH, INDICATED THROUGH THAT DESIGN PROCESS THAT WERE NECESSARY, UH, AS WELL AS, UM, BEING KIND OF, OR BEING CRITICAL PATH FOR, UH, THE PROJECT TO MOVE FORWARD. 
          AND SO THERE'S, THERE'S NEEDS NOT JUST THE MAINTENANCE FACILITY. 
          WE HAVE TRACTION POWER SUBSTATIONS ALONG THE ALIGNMENT, WHICH ARE THESE, UH, AND OF COURSE I'M NOT THE TECHNICAL PERSON, BUT BASICALLY LITTLE MINI SUBSTATIONS THAT WILL POWER THE ELECTRIFIED TRAIN IN THE SYSTEM. 
          AND SO EVERYWHERE, EVERY SO OFTEN ALONG THE ALIGNMENT, USUALLY NEAR STATIONS, WE NEED TO LOCATE A TRACTION POWER SUBSTATION. 
          AND SO, UM, MANY OF THESE, THOSE OTHER NINE ARE RELATED TO TPSS AND THEIR OTHER PARCELS ARE RELATED TO, UM, SORRY, TRACTION POWER SUBSTATION, TPSS, UH, OUR END OF LINE FACILITIES. 
          SO WHERE, WHERE WE HAVE THE END OF LINE AT UL TORF AT 38TH STREET, UM, THERE ARE END OF LINE FACILITIES THAT ARE NECESSARY AS WELL AS, UH, IN LOCATIONS ALONG THE LANE ALIGNMENT WHERE WE KNOW THAT THERE IS GOING TO NEED TO BE CONSTRUCTION WORK HAPPENING TO BUILD OUT THE STREET NETWORK. 
          SO WORKING IN PARTNERSHIP WITH OUR, UH, CITY FOLKS AT, UH, TRANSPORTATION AND PUBLIC WORK WHERE WE KNOW WHERE THE CONSTRUCTION WILL HAPPEN ON, UM, ALONG THE ALIGNMENT, WE MAY NEED TO EXTEND, UH, THE STREET NETWORK, UH, IN ADVANCE OF THAT CONSTRUCTION HAPPENING SO THAT THE, THE STREET NETWORK ALONG AROUND THE CITY CONTINUES TO WORK DURING CONSTRUCTION. 
          SO IF SOMEBODY WERE TO LOOK AT THE MAP AND THEY WERE, THEY WERE TO LOOK AT ITEMS, UH, 10, 11, 12, AND THEN 13 THROUGH 18, THEY COULD DO THE MATH AND FIGURE OUT THAT THAT'S PART OF THE OPERATION. 
          OH, MATH, YES, SIR. 
          THE, THE, THE MAINTENANCE FACILITY. 
          AND THEN WHAT YOU'RE SUGGESTING IS IF WE THEN LOOK AT ONE AND TWO, AND THEN THERE'S A GAP AND YOU GO TO THREE AND FOUR AND A GAP, AND FIVE AND SIX AND SEVEN ARE AT THE END OF THE LINE, UH, EIGHT AND NINE ARE WHERE THEY'RE LOCATED. 
          THERE'S A LOGIC TO THAT IS WHAT YOU'RE SAYING. 
          YES, SIR. 
          AND THAT LOGIC INCLUDES WHERE YOU MIGHT HAVE, AND I'M NOT GONNA REMEMBER YOUR ACRONYM, , BUT, UM, UH, BUT, BUT THERE'S A SPECIFIC, THO THOSE SITES ARE EITHER INTO THE LINE, UH, OR THEY HAVE SPECIFIC POWER ISSUES, OR THERE'S BEEN ANALYSIS GOING INTO HOW YOU MAINTAIN THE GRID WHILE YOU'RE DOING THIS. 
          AND SO THOSE WERE PRIORITIZED. 
          YES, SIR. 
          OKAY. 
          THANK YOU. 
          YEP. 
          THANK YOU. 
          ANY QUESTIONS? HUH? MONEY. 
          THANK YOU FOR THE QUESTION. 
          OH, YEAH, YEAH. 
          MONEY. 
          I WANTED TO ASK ABOUT MONEY. 
          OH, YEAH. 
          UM, THE OTHER THING THAT PEOPLE OUGHT TO BE ABLE TO ANTICIPATE IS THAT BECAUSE THIS IS THE BEGINNING OF THE PROCESS, APPARENTLY Y'ALL HAVE DONE SOME SORT OF ANALYSIS THAT MAKES YOU THINK THAT THIS AMOUNT OF MONEY IS GONNA HELP US PURCHASE THESE 18 PARCELS. 
          UM, THAT BEING SAID, BECAUSE IT'S THE BEGINNING OF THE PROCESS, PEOPLE SHOULD ANTICIPATE THAT WE'RE GOING TO 
          [00:45:01]
BE VOTING ON THINGS LIKE THIS AS WE GO ALONG, AS WE, AS YOU ALL BRING TO US NEW PRIORITIES OR THE NEXT SET OF PRIORITIES. 
          AND THIS IS NOT ALL OF THE MONEY FOR THE PURCHASES OF LAND. 
          THAT'S CORRECT. 
          THAT, THAT $230 MILLION THAT THE CHAIR, UM, YOU KNOW, BROUGHT, BROUGHT FORWARD IS FOR SPECIFICALLY THESE 18 PARCELS, THIS FIRST BATCH THAT WE'RE BRINGING FORWARD. 
          THANK YOU. 
          THANK YOU, MADAM CHAIR. 
          WELCOME. 
          CONGRESS. 
          I DON'T HAVE TO SAY THIS, BUT I WILL. 
          ANYWAY. 
          I AM, I'M GLAD TO HEAR THE MAYOR LAY IT OUT THE WAY HE DID. 
          UM, AND AS WE PROCEED, I WOULD, UH, URGE YOU TO USE THE GREATEST ATTACK AND CONSIDERATION AS WE MOVE FORWARD. 
          UH, I HAVE SEEN THESE THINGS GET DERAILED JUST BY THE PERSONALITIES. 
          I TRY NOT TO SAY DERAILED . 
          THANK YOU, MAYOR. 
          UH, AND, UH, BUT, UH, THAT, THAT CAN BE SO SENSITIVE, THE WAY THAT THE MARRIAGE IS LAID OUT. 
          UH, I THINK THAT'S A REALLY GOOD FOUNDATION FOR PROCEEDING REALLY PROFESSIONALLY. 
          THANK YOU. 
          THANK YOU. 
          ANY FURTHER QUESTIONS? JUST, JUST ONE OTHER THING. 
          I, I, I THINK THAT IT IS CRITICAL THAT WE LAY IT OUT IN THIS WAY AND THAT WE DO IT AS EARLY AS WE POSSIBLY CAN. 
          UH, WHEN, WHEN IT IS, WHEN WE TAKE TIME, WALK THROUGH IT, EXPLAIN WHO'S RESPONSIBLE FOR WHAT ASPECTS OF IT, UH, WHAT A TP STAFF IS GONNA DO, WHAT HAS TO BE DONE THROUGH CITY STAFF OR WHOMEVER HAS TO BE INVOLVED. 
          UH, I, I THINK THE PUBLIC BENEFITS FROM THAT. 
          AND ULTIMATELY, UH, IF, IF SOMEONE OPPOSES SOMETHING, I WANT TO HEAR ABOUT IT IN THE FIRST QUARTER, NOT THE FOURTH QUARTER. 
          I WANNA UNDERSTAND WHAT THEIR ISSUES ARE AND GIVE THEM A FORUM SO THAT WE CAN EXPLAIN WHAT IT IS WE'RE TRYING TO DO, WHY WE'RE TRYING TO DO IT IN THAT WAY, AND HOW THAT BENEFITS, UH, THE PROJECT. 
          SO, UH, SO I APPRECIATE THE MAYOR FOR LAYING IT OUT IN A WAY, UH, THAT PEOPLE CAN, AGAIN, UNDERSTAND ASPECT BY ASPECT, WHAT WE'RE TRYING TO DO. 
          I HAVE ONE MORE QUESTION. 
          HOW MANY BATCHES OF THESE DO YOU ANTICIPATE US OR YOU'VE ANTICIPATE BRINGING TO THE BOARD? I KNOW THIS IS THE FIRST ONE, FIRST ASK. 
          YEAH, IT'S, IT'S, IT'S A REALLY GOOD QUESTION, AND IT REALLY IS GOING TO BE INFORMED BY THE WORK THAT OUR NEW LRT, THE ARC TEAM CONTRACTOR THAT WE'VE BROUGHT ON BOARD. 
          SO AS PART OF THEIR, UH, ONE A SCOPE IS TO HELP US, UH, CREATE THAT REAL ESTATE STRATEGY. 
          I THINK PRIOR TO THEM COMING ON, WE HAD CREATED, YOU KNOW, WHAT WE THOUGHT THE PRIORITY WAS FROM OUR, UM, ASPECT. 
          BUT I THINK IT'S REALLY GOING TO INFOR BE INFORMED BY THE ARC TEAM, THE LRT CONTRACTOR, TO HELP US COME UP WITH WHAT THAT PRIORITIZE THE REAL ESTATE STRATEGY, WHICH SEGMENTS OR SEGMENTS TO BE DETERMINED ARE THE PRIORITY. 
          UM, SO THERE, YOU KNOW, THERE COULD BE, YOU KNOW, RIGHT NOW I THINK WE'VE, WE'VE COME UP WITH FIVE BATCHES, BUT THAT COULD CHANGE. 
          GREAT. 
          AND AGAIN, JUST FOR CLARITY, WHEN YOU LOOK AT THE LIST OF ALL THE DIFFERENT LAND ACQUISITIONS, WE CAN DISCERN THE, THE NINE THAT WILL BE BUNDLED, THAT BECOMES THE ONE LOT FOR THE MAINTENANCE FACILITY. 
          SO IT'S NOT LIKE WE'RE HAVING NIGHT MAINTENANCE FACILITIES, RIGHT. 
          . 
          YEAH. 
          SO THANK YOU JUST, JUST AGAIN, FOR THE CLARITY OF, OF THE COMMUNITY OR ANYONE TUNING IN, THOSE WILL BE THEN BUNDLED, THEY'LL BE COMBINED INTO A SINGLE, CAN I GIVE A LITTLE CLARIFICATION? YES. 
          SO THERE'S THE, PLEASE. 
          THE MAINTENANCE FACILITY IN THE MAINTENANCE AWAY FACILITY, THEY'RE KIND OF ACROSS THE STREET FROM EACH OTHER. 
          OKAY. 
          ON AIRPORT COMMERCE. 
          BUT ESSENTIALLY WE WILL OPERATE AS THE MAINTENANCE FACILITY YEAH. 
          AS A CAMPUS. 
          THAT'S RIGHT. 
          GOT IT. 
          PERFECT. 
          UH, ANY MORE QUESTIONS? NO. 
          GREAT. 
          WITH THAT, UH, UH, EVERYONE IN FAVOR, PLEASE SAY AYE. 
          AYE. 
          AYE. 
          ITEM NUMBER FIVE IS APPROVED UNANIMOUSLY. 
          THANK YOU. 
          [Items 3.6 & 3.7]
NEXT, WE'D LIKE TO TAKE UP ACTION ITEMS, NUMBER SIX AND NUMBER SEVEN, TOGETHER, THIS ITEMS RELATE TO THE PROPOSED CONSTRUCTION CONTRACT FOR THE AUSTIN LIGHT RAIL OPERATIONS AND MAINTENANCE FACILITY AND FUNDING FOR THAT CONTRACT. 
          IS THERE ANY OBJECTION FROM MY FELLOW BOARD MEMBERS TO CONSIDER BOTH OF THESE AT THE SAME TIME? HEARING NONE, PLEASE. 
          UM, I'LL INVITE A TP STAFF TO GIVE US A PRESENTATION ON THESE ITEMS. SO PLEASE INTRODUCE YOURSELVES. 
          GOOD AFTERNOON BOARD. 
          I'M BRAD C*****G, SENIOR VICE PRESIDENT OF PROCUREMENT AND CONTRACTS. 
          LINDSAY WOOD, A TP DESIGN AND CONSTRUCTION. 
          BRIAN RIVERA, CHIEF FINANCIAL OFFICER FOR A TP, JOHN ROME, SENIOR VICE PRESIDENT FOR LRT PROJECT INTEGRATION. 
          [00:50:01]
AND I WILL BE THE PROJECT DIRECTOR FOR THE OPERATIONS AND MAINTENANCE FACILITY PROJECT. 
          GREAT. 
          WE ARE REALLY EXCITED TO BE HERE TODAY TO CHECK OFF ANOTHER MILESTONE, UM, THAT WE'VE BEEN TALKING ABOUT FOR, FOR QUITE SOME TIME. 
          UM, AND THIS IS TO ASK THE BOARD TO AWARD A CONTRACT TO KEEP IT AUSTIN PARTNERSHIP, UM, FOR THE DESIGN AND AND CONSTRUCTION OF THE OPERATIONS AND MAINTENANCE FACILITY, UM, OF, OF THE SYSTEM. 
          I'M GONNA STEAL AN ANALOGY THAT BOARD MEMBER HORN PROVIDED AT OUR CONNECT AND BUILD EVENT TO KIND OF TALK ABOUT WHAT THE OPERATIONS OF MAINTENANCE FACILITY IS. 
          IT'S ESSENTIALLY THE HOME OF, OF THE LIGHT RAIL SYSTEM. 
          IT'S WHERE ALL OF THE VEHICLES GO, UM, EVERY DAY AND NIGHT TO BE MAINTAINED CLEAN, SERVICED, AND TO MAKE SURE THAT THEY'RE IN OPERATING CONDITION TO PROVIDE THE BEST SERVICES WE CAN TO THE PEOPLE OF AUSTIN. 
          UM, IT'S ALSO A HOME FOR THE MAINTAINERS AND OPERATORS WHO WILL BE MAKING SURE THAT THE SYSTEM WORKS EFFECTIVELY AND RUNS PROPERLY. 
          IT'S A REALLY IMPORTANT ASPECT OF THE ENTIRE PROJECT BECAUSE OF THE, WHAT IT PROVIDES AND WHAT IT ACTUALLY DOES FOR THE SYSTEM. 
          UM, SO WE PUT WITH THAT MINDSET OF HOW IMPORTANT THIS PROJECT IS, UM, INTO HEART AND HOW WE PROCURED IT. 
          AND I'M REALLY HAPPY TO WALK YOU THROUGH THAT PROCUREMENT PROCESS TODAY. 
          UM, SO ON APRIL 15TH, SO EXACTLY ONE YEAR AGO TODAY, WE ISSUED A REQUEST FOR INFORMATION, UM, FOR THIS PROJECT WHERE WE PROVIDED THE INDUSTRY FULL COPIES OF THE SOLICITATION DOCUMENTS OF THE RFQ, THE RFP, THE SCOPE OF WORK AND THE DRAFT FORM OF CONTRACT THAT WE BELIEVED WERE COULD FULLY GO ON THE STREET THAT DAY AND BE JUST FINE. 
          BUT WE PROVIDED TO THE INDUSTRY TO COLLECT FEEDBACK AND INFORMATION ON HOW WE CAN MAKE IT EVEN BETTER AND MORE COMMERCIALLY VIABLE SO WE CAN MAKE THE PROCESS BETTER, UM, FASTER AND QUICKER FROM BEGINNING TO END. 
          UM, WE, WE TIED ISSUING THAT RFI FOR TO REQUEST THE INDUSTRY FEEDBACK WITH A CONNECTED AND BUILD EVENT THAT WE HOSTED IN OUR OFFICES, WHERE WE INVITED, UH, PRIME CONTRACTING FIRMS WHO WANTED TO LEAD THE PROJECT INTO THE BUILDING AND GAVE THEM DIFFERENT SPACES WITHIN, AND THEN BROUGHT IN MORE THAN 175 LOCAL AND SMALL BUSINESSES TO MEET AND GREET AND TO PITCH THEMSELVES TO THESE BIGGER COMPANIES TO BE ABLE TO PARTICIPATE AND WORK ON THE PROJECT. 
          WE HELD A SERIES OF ONE-ON-ONES WHERE WE TALK TO ALL OF THE FIRMS THAT ARE INTERESTED IN BIDDING ON THE PROJECT TO HEAR FEEDBACK FROM THEM. 
          UM, ADDITIONALLY THROUGHOUT THE ENTIRE PROCESS, UM, AFTER WE, WE RECEIVED THAT FEEDBACK, WE INCORPORATED A LOT OF THE COMMENTS AND, AND FEEDBACK INTO, INTO THE SOLICITATION DOCUMENTS. 
          WE ISSUED, UM, AN RFQ BACK IN AUGUST. 
          UM, AND YOU ISSUE AN RFQ IN ORDER TO GET QUALIFICATIONS OF THE FIRMS AND THE PERSONNEL THAT THEY WERE GONNA PROPOSE ON THE PROJECT. 
          REALLY EXCITED TO SAY THAT WE HAD SEVEN RESPONSES TO THAT RFQ. 
          UM, THIS ISN'T A SMALL PROJECT, IT'S A MULTI HUNDRED MILLION DOLLAR CONTRACT WHEN IT'S ALL SAID AND DONE. 
          SO THE LEVEL OF COMPETITION IS LIMITED BASED ON THE SIZE AND, UM, AND COMPLEXITY OF THE SCOPE. 
          SO THE, THE FACT THAT WE HAD SEVEN REALLY WELL QUALIFIED, UM, FIRMS PROPOSE IN THE RFQ PHASE IS REALLY SOMETHING TO NOTE AND TO BE REALLY PROUD OF. 
          UM, WE REVIEWED THOSE QUALIFICATIONS AND WE SHORTLISTED THE, THE MOST QUALIFIED FIRMS TO MOVE FORWARD TO THE RFP PHASE. 
          WE RECEIVED THREE PROPOSALS FROM THAT REQUEST FOR PROPOSAL PROCESS. 
          AND AGAIN, IN THAT PROCESS WE ASKED FIRMS TO PROPOSE THEIR APPROACHES TO DESIGN MANAGEMENT, CONSTRUCTION MANAGEMENT, SCHEDULING, ESTIMATING, UM, AND A VARIETY OF OTHER THINGS. 
          WE ASKED THEM TO PROPOSE ON, UM, INNOVATION IDEAS AND, AND CONCEPTS FOR THE PROJECT, THEIR SUBCONTRACTING PLANS FOR HOW THEY INTENDED TO PUT MORE, UM, AUSTIN AND TEXAS BASED FIRMS TO WORK A PART OF THE PROJECT. 
          UM, AND WE EVALUATED THAT AND, AND SCORED IT ALONG WITH, UH, DIFFERENT COST ELEMENTS THAT WERE ATTACHED TO IT. 
          WE DID COLLABORATIVE BEHAVIORAL ASSESSMENTS WHERE WE REQUIRED, UM, THE FIRMS TO BRING THEIR KEY PERSONNEL AND THEIR KEY STAFF INTO A TP TO WORK WITH OUR KEY PERSONNEL ON REAL LIFE SITUATIONS THAT HAPPEN DURING THE COURSE OF DELIVERING A PROJECT SO WE CAN MEASURE AND TEST AND EVALUATE HOW WELL WE COULD ACTUALLY WORK TOGETHER. 
          BECAUSE IT'S REALLY IMPORTANT TO ENSURE THAT THE FIRMS WE HAVE ARE EXPERIENCED AND QUALIFIED AND THEY HAVE REALLY GREAT DESIGNS AND APPROACH IDEAS, BUT PEOPLE CAN HURT A PROJECT JUST AS BAD AS BAD EDUCATION OR BAD EXPERIENCE CAN. 
          AND WE WANT THIS PROJECT TO BE SUCCESSFUL AND WE WANT TO MINIMIZE AND, AND MITIGATE AROUND ALL SORTS OF RISKS AS WE CAN BEFORE WE SIGN A CONTRACT. 
          AND WE'VE DEVELOPED THIS PROCUREMENT PROCESS TO DO JUST THAT. 
          WE CONDUCTED INTERVIEWS AS WELL AND WE SCORED THEM AND WE IDENTIFIED KIEWIT AUSTIN PARTNERSHIP AS THAT HIGHEST STRENGTH FIRM AND THE FIRM THAT WE'RE ASKING YOU TO AWARD A CONTRACT TO TODAY. 
          UM, AND REALLY EXCITED TO DO THAT. 
          AND THE NEXT COUPLE OF SLIDES WE'LL REVIEW, UM, SOME OF THE ASPECTS OF, OF THAT PARTNERSHIP. 
          SO KIEWIT AUSTIN PARTNERSHIP IS A JOINT VENTURE, UM, WITH KIWI AND AUSTIN COMMERCIAL. 
          UM, KIWI IS A WORLD RENOWNED COMPANY THAT DOES THESE TYPES OF PROJECTS ALL OVER THE WORLD AND IS REALLY GREAT AT DOING IT. 
          THEY HAVE A LOT OF EXPERIENCE IN DOING SO EVERYWHERE. 
          UH, AUSTIN COMMERCIAL IS A GREAT LOCAL FIRM WHO'S BUILT PROJECTS ALL OVER AS WELL, BUT REALLY KNOWS HOW TO GET STUFF DONE HERE IN AUSTIN. 
          AND THEY'VE REALLY BROUGHT 
          [00:55:01]
TOGETHER A GREAT MARRIAGE OF TWO COMPANIES WHO CAN DO THIS EXTREMELY WELL. 
          AND THEY BROUGHT IN A, A SERIES OF SUBCONTRACTING GROUPS TOO THAT CAN HELP ELEVATE, UM, THIS PROJECT AS WELL, INCLUDING KEYWOOD ENGINEERING GROUP AS THE LEAD DESIGNER, MASS ELECTRIC AS SYSTEMS. UM, ATKINS IS THE LEAD ARCHITECT, HALF AS CIVIL DESIGN, UH, TCS, UM, AS THE LOCAL COMMUNITY OUTREACH GROUP. 
          AND ONE OF THE THINGS WE REALLY LOVED ABOUT THE PROPOSAL IS THE INCLUSION OF PANINO MANAGEMENT GROUP, WHICH IS AN OMS SPECIALTY ORGANIZATION THAT SPECIALIZES IN, UM, INDUSTRIAL DESIGN AND HOW TO MAKE OPERATIONS AND MAINTENANCE FACILITIES EVEN BETTER. 
          UM, REALLY EXCITED BY THIS GROUP, UM, THAT THEY'VE, THEY PUT TOGETHER AND, UM, ARE, ARE GOING TO HELP US BUILD THIS PROJECT. 
          THEY'VE ALSO DEMONSTRATED A COMMITMENT TO BUILDING, UM, LOCAL WORKFORCES AND INCLUDING LOCAL AND, AND, AND REGIONAL BUSINESSES. 
          NOW, THIS IS A SMALLER PROJECT THAN MAIN RIGHT RAIL SYSTEM, SO YOU MAY REMEMBER THAT FROM A COUPLE MONTHS AGO. 
          UM, THEY'VE IDENTIFIED, UH, 10 SUBCONTRACTORS THROUGH THIS DESIGN PHASE. 
          REALLY HAPPY TO SAY HALF OF THEM ARE BASED HERE IN TEXAS, UH, WITH THE MAJORITY OF THEM BASED HERE IN AUSTIN. 
          UM, SO THEY'VE HEARD THE BOARD. 
          UM, AND AGAIN, ALL OF THE FIRMS THAT PROPOSED ON THIS REALLY LISTENED TO THE BOARD TOO ON WANTING TO MAKE SURE THIS HAPPENED. 
          UM, BUT THIS PARTNERSHIP, THIS JOINT VENTURE HAS REALLY DONE JUST THAT AND HAS PUT A FOCUS ON INCLUDING TEXAS, IN THIS TEXAS SIZE PROJECT. 
          AND REALLY HAPPY TO, TO HEAR THAT. 
          UM, THIS WAS, UH, A LABOR OF LOVE FOR THIS ENTIRE TEAM INVOLVED. 
          A LOT OF WORK FROM A LOT OF DIFFERENT PEOPLE, UM, WHO DESERVE A LOT OF CONGRATULATIONS AND, AND THANKS, UM, FOR THEIR WORK AND THEIR EFFORT ON THIS. 
          UM, AND REALLY EXCITED TO, TO ASK THE BOARD FOR THIS APPROVAL. 
          UM, BUT BEFORE WE DO THAT, I'M GONNA TURN THE TIME OVER TO LINDSAY AND JOHN TO GO OVER WHAT THE WORK IS GOING TO BE DONE THAT YOU'RE AUTHORIZING TODAY. 
          ALRIGHT. 
          AND AS BRAD MENTIONED, THIS WILL ULTIMATELY BE A MULTI HUNDREDS OF MILLIONS OF DOLLAR CONTRACT. 
          UH, BUT WE ARE BREAKING THAT WORK UP INTO STEPPED AUTHORIZATIONS. 
          AND THIS FIRST ONE BEING TO INITIATE PRE-CONSTRUCTION, VERY SIMILAR TO THE PROCESS THAT WE WENT THROUGH WITH THE LIGHT RAIL CONTRACT BACK IN FEBRUARY. 
          SO I'M GONNA INTRODUCE JOHN TO WALK YOU THROUGH THE ACTIVITIES AHEAD. 
          BUT FIRST WANT TO NOTE HOW GLAD WE ARE TO HAVE JOHN AS OUR PROJECT DIRECTOR ON THIS. 
          JOHN, NOT ONLY IN HAVING YEARS OF LEADERSHIP IN DESIGN AND CONSTRUCTION OF CAPITAL PROJECTS, ALSO BRINGS AN END USER PERSPECTIVE IN LEADING MAINTENANCE, UM, PRIOR TO COMING TO AUSTIN FOR ANOTHER TRANSIT AGENCY. 
          SO REALLY UNDERSTANDS AND IS, AND IS ABLE TO BRING THAT PERSPECTIVE IN DIRECTING HOW THIS WORK MOVES FORWARD BY THINKING ABOUT HOW IT WILL GET USED AND, AND WORKING CLOSELY WITH OUR PARTNERS TO MAKE SURE THAT THIS IS NOT ONLY A PLACE THAT IS THE HEART OF OUR SYSTEM, BUT A PLACE THAT IS SUPPORTING, UM, REALLY MULTI-GENERATIONAL CAREERS FOR OUR LOCAL WORKFORCE THAT WILL BE HELPING US OPERATE AND MAINTAIN. 
          THANK YOU LINDSAY. 
          WE'LL GO THROUGH AND APPROACH THIS, UH, THE SAME AS THE LIGHT RAIL, UH, PROJECT WITH AN APPROACH THAT, UH, WALKS US THROUGH PRE-CONSTRUCTION FOR PHASE ONE A ACTIVITIES. 
          UH, THE PROGRESSIVE DESIGN BUILDER WILL, UH, REVIEW OUR CURRENT PRELIMINARY ENGINEERING DESIGN. 
          THEY WILL, UH, GO THROUGH A PROCESS THAT ALLOWS THEM TO WORK WITH US, UH, AND PERFORM CONSTRUCTABILITY REVIEWS, IDENTIFY INNOVATIONS THAT WE CAN IMPLEMENT, UH, AND ESSENTIALLY IDENTIFY AREAS WHERE WE CAN BE MORE EFFICIENT, EFFICIENT IN THE FUNCTIONALITY OF THE OPERATIONS AND MAINTENANCE FACILITY, BUT ALSO MORE EFFICIENT IN OUR COSTS. 
          AND THIS PROCESS IS GOING TO ALLOW US TO PROGRESS, UH, TO A POINT TO WHERE WE'RE ABLE TO ESSENTIALLY BE IN THE RIGHT PLACE, UH, IN LINE WITH THE ACQUISITION OF REAL ESTATE ACTIVITIES TO PROGRESS TO PHASE ONE B, UH, WHICH WILL ALLOW US TO IDENTIFY ANY EARLY WORK PACKAGES ASSOCIATED WITH THE PROJECT, UH, GO THROUGH A PROCESS OF FINAL DESIGN AND MORE IMPORTANTLY, UM, START OUR CONSTRUCTION PACKAGES. 
          ONE OF THE, THE KEY THINGS THAT, THAT WE WILL UTILIZE AS PART OF PHASE ONE A AT THE COMPLETION OF THAT, AT THE END OF THIS YEAR WILL BE TO START OUR SITE DEVELOPMENT PERMIT PROCESS WITH THE CITY OF AUSTIN. 
          AND SO WE WILL USE THAT DESIGN, UH, AS A STARTING POINT. 
          UH, OF COURSE, UH, THE ACQUISITION OF THE REAL ESTATE IS ONE OF THE KEY, UH, ITEMS THAT'S NEEDED IN ORDER TO RECEIVE AN APPROVED SITE DEVELOPMENT PERMIT. 
          SO, LINDSAY, I'LL TURN IT BACK OVER TO YOU. 
          GOOD AFTERNOON BOARD BRIAN RIVERA. 
          SO SIMILAR TO HOW WE APPROACHED THE LRT CONTRACT EARLIER THIS YEAR, WE TOOK THE SAME APPROACH WITH THE OMF CONTRACT AND WE WERE THINKING ABOUT OUR FY 26 BUDGET. 
          WE INCLUDED A PORTION OF THE COST IN OUR FY 26 
          [01:00:01]
SPEND PLAN KNOWING THAT WE'D BE BACK BEFORE THE BOARD FOR THE CONTRACT AUTHORIZATION AFTER BRAD AND HIS TEAM NEGOTIATED THE, THE SCOPE AND, AND THE CONTRACT ITSELF. 
          SO WHAT THIS ACTION ITEM IS, IS CALLING FOR IS, UH, THE ABILITY TO APPROPRIATE $20 MILLION FROM THE OPERATING FUND, WHICH IS ALWAYS, WHICH HAS AN ENDING BALANCE TO ACCOUNT FOR THESE, UM, TRANSFERS INTO THE LIGHT RAIL CAPITAL FUND AND AMEND THE SPEND PLAN TO ALLOW FOR THE PHASE ONE A SCOPE OF WORK TO MOVE FORWARD. 
          UM, SO THAT CONCLUDES YOUR PRESENTATION. 
          CAN YOU REMIND ME IF I CALLED FOR A FIRST AND A SECOND? DID I DO THAT? YEAH, YEAH. 
          YOU, YOU'VE ALREADY ASKED THAT THE UN SPEAK COMBINED OKAY. 
          BUT NOT A MOTION YET. 
          SO NOW WE NEED A MOTION. 
          YEAH. 
          GOT IT. 
          THANK YOU. 
          UM, SO THAT WE CAN ENTER INTO DISCUSSION, MAY I HAVE A MOTION AND A SECOND PLEASE? ON ITEM SIX AND SEVEN. 
          SO MOVED. 
          MOVED BY MEMBER HORN, SECOND BY BOARD MEMBER GARZA. 
          OKAY. 
          ANY DISCUSSION OR QUESTIONS NOW? YES, MEMBER HORN. 
          THANK YOU. 
          THANK YOU VERY MUCH FOR THE, FOR THE PRESENTATION. 
          I JUST HAVE, UM, MAYBE TWO QUESTIONS. 
          ONE IS, IS THIS TEAM, UM, CO-LOCATED OR THE PLAN TO BE? AND IF YOU CAN JUST, UM, MAYBE TALK IS, IS THERE, IS THERE, ARE THERE EFFICIENCIES REALIZED TO A TP, YOU KNOW, IN TERMS OF WHEN YOU'RE NEGOTIATING OVERHEAD RATES AND SUCH? DO, DO WE GET LIKE A COST SAVINGS FROM THAT CO-LOCATION? UH, YES. 
          THE, THE, UH, KEYWOOD AUSTIN PARTNERSHIP TEAM WILL BE CO-LOCATED WITH US. 
          UH, ACTUALLY THE, UH, MOBILIZATION PLAN, UH, ALLOWS FOR THEM TO START, UH, NEXT MONDAY WITH THE APPROVAL OF THIS ACTION ITEM. 
          AND WE HAVE WORKSTATIONS, UH, THAT HAVE ALREADY BEEN ASSEMBLED, UH, THAT ARE FULLY, UH, FUNCTIONAL AND READY WITH, UM, COMPUTERS AND DOCKING STATIONS FOR THEM TO SET UP THEIR LAPTOPS AND START WORK IMMEDIATELY. 
          IT ALLOWS, UM, UH, FOR US TO, UH, BE MORE EFFICIENT, UH, IN OUR COMMUNICATION, UH, WITH THE INTERFACES ASSOCIATED WITH THE LIGHT RAIL, UH, PROJECT. 
          SO WE'RE NOT ONLY ABLE TO COMMUNICATE IN REGARD TO THE OPERATIONS AND MAINTENANCE FACILITY WITH A TP STAFF, BUT WE'RE ALSO ABLE TO COMMUNICATE, UH, DIRECTLY WITH OUR, UH, TEAM MEMBERS FROM THE ARC TEAM FOR THE LRT PROJECT, WHICH IS A GREAT, UH, BENEFIT. 
          AND THERE ARE EFFICIENCIES, UH, ASSOCIATED WITH THEM BEING CO-LOCATED, UM, THAT ESSENTIALLY RESULT IN, IN, IN SAVINGS. 
          UM, FROM, FROM A OFFICE, UH, COLAC CO-LOCATION STANDPOINT, I'M, I'M HAPPY TO HELP ADDRESS SOME OF THAT. 
          UM, SO BECAUSE WE'RE OPERATING IN A TIME AND MATERIALS BASIS UNDER THE CONTRACT FOR THE DESIGN PHASE, WHAT WE RECEIVE IS HOURLY RATES AS WELL AS OVERHEAD AND PROFIT THAT ARE ATTACHED TO THAT. 
          WHENEVER YOU'RE DOING A TIME AND MATERIALS BASED CONTRACT, THE OVERHEAD IS EITHER DONE BASED ON A FIELD RATE OR A HOME RATE. 
          HOME RATE IS WHAT THEY WOULD CHARGE YOU IF THEY WERE HOSTING EVERYTHING THEMSELVES IN THEIR OWN OFFICE BUILDING 'CAUSE THEY HAVE TO PAY FOR RENT AND A LOT OF OTHER THINGS THAT GO ALONG WITH THAT WITH A FIELD RATE BECAUSE WE'RE PROVIDING SPACE AND SOME OF THE THINGS THAT THEY WOULD HAVE TO PROVIDE FOR THAT OVERHEAD RATE IS LOWERED FOR EVERYONE WHO'S WORKING INSIDE THIS BUILDING. 
          UM, BECAUSE WE'RE PROVIDING A LOT OF THOSE MATERIALS AND, AND RENTAL SPACE AND, AND THINGS LIKE THAT, UM, FOR THEM. 
          SO WE RECEIVE COST SAVINGS THAT WAY BY HOUSING, UM, PEOPLE IN THIS BUILDING WORKING WITH US. 
          WELL, THANKS TO YOU BOTH. 
          THAT'S VERY HELPFUL. 
          THANK YOU. 
          THANK YOU. 
          YEAH, THAT'S A GREAT QUESTION, CAMMI, THANK YOU FOR ASKING. 
          ANY OTHER QUESTIONS, MEMBERS? NO. 
          YEAH, YEAH, NOT HE DID THAT. 
          HOW ARE EYE CONTACT? WELL, NO, NO, BUT THE EXPLANATION OF HOW YOU CA YOU COMPARE OVERHEAD AND SO, UM, HOW ARE YOU, HOW ARE YOU CALCULATING OVERHEAD FOR A FILL RATE WHEN THERE'S DISCUSSION ABOUT WHERE YOU'RE GOING TO BE OC WHAT SPACE YOU'RE GONNA BE OCCUPYING? SO FOR THE PEOPLE WE'VE IDENTIFIED THAT WOULD BE BEST SITUATED TO WORK IN THIS BUILDING IN A CO-LOCATED SPACE, WE'VE ASKED THEM TO PROPOSE, UM, A, A FIELD RATE FOR THAT, WHICH IS DIFFERENT THAN THEIR, THEIR OVERHEAD RATE. 
          WE, WE VERIFY THAT THOSE RATES ARE, ARE COMPLIANT WITH THE REQUIREMENTS. 
          UM, THE FT OR THE FEDERAL GOVERNMENT'S REALLY SPECIFIC AND CLEAR ON WHAT CAN BE INCLUDED IN A FIELD RATE VERSUS AN OVERHEAD RATE. 
          SO THEY HAVE TO PROVIDE AUDITED REPORTS THAT THEIR OVERHEAD RATES HAVE BEEN REVIEWED AND AUDITED, UM, INDEPENDENTLY BY SOMEONE WHO COMPARES AND ANALYZES TO MAKE SURE THEY ARE COMPLIANT WITH ALL OF THOSE FEDERAL REGULATIONS. 
          WE'VE COMPARED THEM AGAINST RATES THAT WE HAVE CURRENTLY FOR OTHER CONTRACTORS AS WELL AS COMPETITOR RATES THAT PROPOSED ALONG THE WAY. 
          UM, I MAY HAVE MISSED THE, THE POINT OF YOUR QUESTION WITHOUT HIM ANSWERING IT. 
          HEY, OR MAYBE I DID A BAD JOB ASKING THE QUESTION. 
          UM, 
          [01:05:02]
SO THEY DON'T NEED FROM YOU WHAT THE COST OF YOUR OVERHEAD IS, RIGHT? THEY JUST PROVIDE YOU WITH A HOME RATE VERSUS A FILL RATE, AND SO THAT IT DOESN'T, WE DON'T GET A, UH, WE DON'T GIVE THEM NUMBERS THAT THEY THEN UTILIZE TO TRY TO FIGURE OUT WHAT THEIR FILL RATE IS? YEAH, THAT'S CORRECT. 
          OKAY. 
          YEAH, AND WE DO THAT. 
          WE ARE NOT PAYING DUPLICATE COSTS, UH, WHEN WE'RE HOUSING, UM, PEOPLE HERE. 
          WELL, BUT IT, SO THEY, THEY HAVE TO, THEY HAVE TO COME UP WITH SOMETHING THAT SHOWS THAT THEY, WE GET SOME SORT OF ADVANTAGE OR VALUE FROM THE FILL RATE VERSUS THEIR HOME RATE. 
          BUT IT IS NOT BASED UPON ANYTHING THAT A TP IS DOING. 
          YEAH, THAT'S CORRECT. 
          THANK YOU. 
          THANK YOU. 
          UM, I FORGOT WHAT I WAS GONNA ASK, BUT NO, IT'S, IT'S, THIS IS A REALLY GOOD DISCUSSION AND I'M, I'M GLAD WE REALLY ARE ENGAGING AT THIS LEVEL BECAUSE WHAT I HEARD YOU SAY, MR. ROH, IS THAT BY CO-LOCATING THE, NOT ONLY ARE THERE IMPROVEMENTS IN COMMUNICATION AND THAT CROSS POLLINATION THAT HAPPENS WITHIN THE TEAM UNDER THE SAME ROOF, BUT ALSO THOSE SAVINGS ARE MANIFESTED IN HOW WE NEGOTIATE OUR OVERHEAD RATE. 
          IS THAT CORRECT? YES. 
          OKAY. 
          SO 'CAUSE WE INCUR THE EXPENSE, THE TAXPAYERS INCUR THAT EXPENSE, THEREFORE WE'RE NOT DOUBLE DIPPING ON THAT COST. 
          IS THAT CORRECT? YEP. 
          OKAY. 
          UM, SO SUPER HELPFUL TO UNDERSTAND. 
          UM, AND, AND MY QUESTION IS FOR YOU, MR. RIVERA. 
          I I DID SEE THE APPROPRIATION, THE $20 MILLION APPROPRIATION, BUT THIS INITIAL PHASE ONE A IS FOR 25 MILLION, AND YOU MENTIONED THAT WE HAD ALREADY PRE-APPROVED THOSE SMALL AMOUNTS. 
          IS THAT THE $5 MILLION DELTA? THAT'S CORRECT. 
          SORRY. 
          YEAH, I DIDN'T MAKE THAT CLARIFICATION. 
          OKAY. 
          BUT INCLUDED IN THE FY 26 BUDGET AND SPEND PLAN WAS $5 MILLION FOR THIS PARTICULAR CONTRACT AND AWARD. 
          OKAY. 
          UNDERSTOOD. 
          MM-HMM . 
          BECAUSE I, I SAW 25 ON THE BACKUP, BUT THEN I LOOKED AT THE NUMBERS AND THAT WAS ONLY 20. 
          YEAH, SORRY. 
          GOT IT. 
          I WANNA MAKE SURE THERE WAS NOT A TYPO THERE. 
          GOT IT. 
          OKAY, GREAT. 
          UM, ANY FURTHER QUESTIONS FROM MY FELLOW BOARD MEMBERS? NO. 
          WONDERFUL. 
          OKAY. 
          UH, WITH THAT SAID, I'D LIKE TO CALL FOR A VOTE. 
          EVERYONE IN FAVOR, PLEASE SAY AYE. 
          AYE. 
          AYE. 
          UM, THIS BOARD, UM, ACTION ITEMS SIX AND SEVEN TOGETHER ARE PASSED UNANIMOUSLY. 
          AND, UM, THANK YOU SO MUCH. 
          I APPRECIATE THE, THE HELP. 
          SO NOW, UM, SO NOW WE'RE MOVING ON TO, 
          [Additional Item]
IF I, IF I COULD HAVE ONE MOMENT, UHHUH . 
          YES, PLEASE. 
          YES. 
          UM, SO, UH, JUST WANTED TO, JUST TO ACKNOWLEDGE THANK YOU BOARD FOR, YOU KNOW, THAT'S BEEN A PROCESS AND A JOURNEY THAT WE'VE HAD. 
          WE'VE HAD MULTIPLE BRIEFINGS, REALLY GOING BACK, I WOULD THINK, BRAD, OVER 18 MONTHS NOW ON OUR OVERALL CONTRACTING STRATEGY. 
          UM, MANY WORKSHOPS ABOUT THAT BRINGING NOT ONLY THE BOARD ALONG, BUT THE PUBLIC ALONG WITH HOW WE ARE APPROACHING THIS. 
          AND IT'S A D IT'S A DIFFERENT WAY, RIGHT? IT'S A DIFFERENT WAY. 
          AND I THINK WE'RE SEEING THE BENEFITS OF THAT FROM VERY INCREDIBLY HIGH COMPETITION. 
          UM, HE'S USE BRAD'S TERM BEING A, BEING A CLIENT OF CHOICE. 
          WE KNOW THAT, UM, COMPANIES HAVE TO MAKE DECISIONS ABOUT HOW THEY INVEST IN CHASE OR CHASE PROJECTS. 
          UM, BUT MOST IMPORTANTLY, I THINK THIS SHOWS THAT AUSTIN LIGHT RAIL IS COMING, RIGHT? WE ARE WORKING ON THE PROJECT AND WE ARE ADVANCING IT WITH THE, YOUR APPROVED ACTION ITEMS TODAY. 
          UM, AND, YOU KNOW, CONSTRUCTION IS RIGHT AROUND THE CORNER, AND WE'RE EXCITED ABOUT THAT AND WE'RE EXCITED THAT THAT'S HOW, WHAT WE'VE BEEN SAYING FOR THREE YEARS NOW. 
          UM, SO WE'RE ALSO REALLY EXCITED TO HAVE A NEW PARTNER JOIN US. 
          AND SO, UM, THE, UH, KIWI, SOME OF THE KIWI TEAM IS HERE TODAY, I THINK MAYBE SOME AUSTIN COMMERCIAL FOLKS, I DON'T KNOW. 
          YEAH, AUSTIN COMMERCIAL FOLKS ARE HERE. 
          UM, BUT KAI WALKER'S HERE TO KIND OF WALK US THROUGH, JUST SAY, SAY A FEW WORDS. 
          I REALLY WANNA BRING HIM UP TO THE TABLE. 
          AND AGAIN, WE WANNA THANK THEM AS WELL FOR YOUR PROCESS OF BEING PART OF THIS JOURNEY. 
          UM, THE DIALOGUE, THE DISCUSSIONS, THE INPUT TO GET TO WHAT WE THINK IS, UM, A GREAT TEAM TO HELP US DELIVER A KEY PART OF AUSTIN LIGHT RAIL. 
          ONE THAT'S GONNA BE FOCUSED ON, UH, THAT IS INTEGRATED AND, AND VERY, UM, UNDERSTANDING OF THE NEIGHBORHOOD, RIGHT? IT'S CONNECTED TO THE LIGHT RAIL SYSTEM. 
          IT'S ABOUT OUR WORK, ABOUT THE WORKERS THAT WILL BE OUT THERE, RIGHT? UM, AS WE SAY, IT'S A PLACE WHERE THE TRAINS NEED TO GO SLEEP AT NIGHT, BUT THEY'RE NOT QUITE ASLEEP. 
          THEY GOTTA, THEY GOTTA STAY CLEAN. 
          WE WANNA MAKE SURE THEY'RE SAFE AND CLEAN FOR OUR, FOR RIVER. 
          SO WE'RE EXCITED. 
          AS I THINK JOHN SAID, WE ARE RAMPED UP JUST LIKE WE WERE LAST TIME. 
          YOU CAN SEE WE'VE GOT FOLKS ALL READY TO GO, AND WE'RE REALLY HAPPY TO HAVE YOU GUYS JOIN US. 
          AND, AND THANK YOU. 
          AND IF YOU WANNA SAY A FEW WORDS, GO. 
          YEAH, 
          [01:10:01]
I, I'D LIKE TO START BY THANKING THE BOARD. 
          UH, WE ARE VERY EXCITED TO BE HERE. 
          UM, THIS HAS BEEN A LONG PROCESS. 
          IT'S BEEN A GREAT PROCESS FOR US. 
          UM, I WANT TO INTRODUCE MYSELF. 
          MY, MY NAME IS KYLE WILKER. 
          I'M THE PROJECT MANAGER FOR KIEWIT AUSTIN PARTNERSHIP THAT, UH, BRAD DID A GREAT JOB EXPLAINING THE PARTNERSHIP AND THE JOINT VENTURE. 
          IT'S WITH KIEWIT AND AUSTIN COMMERCIAL HEWITT HAS 8,000 EMPLOYEES IN TEXAS. 
          UH, WE HAVE VAST EXPERIENCE ON LIGHT RAIL SYSTEMS AND, UM, OPERATIONS AND MAINTENANCE FACILITIES FOR TRAINS. 
          SO THE PLACE WHERE THEY SLEEP, BUT ALSO THE JIFFY LUBE FOR THE TRAINS. 
          THAT'S WHAT WE SOMETIMES WE LIKE TO SAY, UH, BUT MUCH MORE THAN THAT. 
          UM, AND THEN THE COMBINATION, WHEN WE FORMED THIS JOINT VENTURE, UH, WE THOUGHT IT WAS PERFECT FOR THE OMF BECAUSE WE HAVE AUSTIN COMMERCIAL, THEY'VE GOT THOSE LOCAL, UH, THEY'RE A VERTICAL BILLING CONTRACTOR WITH THE LOCAL ROOTS HERE THAT KNOW THE CONTRACTING COMMUNITY. 
          UM, AND WE'RE COMMITTED TO BRINGING LOCAL PARTNERS ONTO THIS JOB. 
          UM, BRAD SHOWED THE, THE SLIDES OF WHO, WHO'S ON OUR CURRENT TEAM, BUT THAT'S GONNA GROW. 
          AND SPECIFICALLY DURING PHASE TWO, DURING THE CONSTRUCTION PHASE, THERE'LL BE A LOT OF OPPORTUNITIES FOR LOCAL BUSINESSES TO BUILD THIS, THIS MAINTENANCE FACILITY. 
          SO THAT'S WHERE, UH, WE DRAW UPON THAT FOR OUR PROJECT. 
          I'D LIKE TO THANK A TP FOR THE PROCESS, AND GREG TOUCHED ON IT, UH, OF CHOOSING A PROGRESSIVE DESIGN BUILD THAT REALLY ATTRACTED US TO THIS PROJECT. 
          UM, AND, UM, AND THEN ABOVE AND BEYOND TAKING IT TO THAT NEXT STEP WITH THAT COLLABORATIVE BEHAVIORAL ASSESSMENT WAS REALLY, I'VE BEEN IN THE BUSINESS FOR 30 YEARS. 
          NEVER BEEN INVOLVED IN IT. 
          IT WAS A LITTLE, UH, NERVE WRACKING AT FIRST. 
          'CAUSE YOU DON'T KNOW WHAT TO EXPECT. 
          AND SO, AND YOU'RE LEADING A TEAM AND YOU DON'T KNOW WHAT TO EXPECT. 
          BUT AFTER HAVING GOTTEN THROUGH THAT PROCESS, I WOULD SAY IT WAS, UM, IT WAS THE BEST PROCUREMENT THAT I'VE BEEN INVOLVED WITH. 
          UH, IT BROUGHT OUR TEAM TOGETHER, IT DEVELOPED RELATIONSHIPS WITH THE TEAM THAT WE'RE GONNA BE WORKING WITH, AND WE'RE REALLY EXCITED ABOUT THAT. 
          UM, AND I WANNA THANK BRAD AND LINDSAY AND JOHN FOR THAT. 
          THAT WAS A GREAT PROCESS. 
          THANK YOU FOR BRINGING US ALONG ON THIS JOURNEY. 
          UM, I ALSO WANNA THANK A TP FOR HAVING THE EXPER HIRED, THE EXPERIENCED PEOPLE TO SET REALISTIC GOALS AND MEET THOSE GOALS. 
          AND YOU DON'T SEE THAT IN PROCUREMENT VERY OFTEN. 
          UM, IT'S HITTING DATES FOR PROCUREMENT IS VERY RARE, AND YOU GUYS HIT EVERY DATE. 
          SO THANK YOU SO MUCH FOR THAT. 
          I, YOU KNOW, WE HAD SOME OVER AND UNDERS, BUT NOPE. 
          , IT WAS, UH, AND SOMETIMES YOU CAN SET YOUR VACATIONS BECAUSE YOU KNOW, THAT'S GONNA GET PUSHED, BUT NO, THIS WAS THE DIFFERENCE, . 
          UM, SO I DO, I DO WANT TO TELL YOU THAT I FEEL THE POSITIVE ENERGY OF THIS ENTIRE TEAM. 
          UM, I'M LOOKING FORWARD TO, UH, I'M COMING TO AUSTIN, GONNA FIND A PLACE ALONG THE ALIGNMENT. 
          AND SO I'M REALLY EXCITED TO GET THIS PROJECT STARTED, SIGN A CONTRACT, AND GET MOVING. 
          SO, THANK YOU ALL. 
          THANK YOU. 
          I JUST WANNA SAY CONGRATULATIONS AND RAISE YOUR HAND, EVERYONE THAT'S HERE FROM THE TEAM, FROM YOUR TEAM. 
          WOO. 
          WOW. 
          CONGRATULATIONS. 
          THANK YOU. 
          WELCOME TO SUPPORT. 
          SO WE SHOULD PROBABLY PUT IN A PLUG FOR TRAVEL INSURANCE. 
          YEAH. 
          . 
          THANK YOU SO MUCH. 
          WELCOME. 
          OUR FINAL 
          [4.1 Presentation of the annual Audited Financial Report.]
ITEM FOR TODAY, THIS MEETING IS A PRESENTATION OF THE ANNUAL AUDITED FINANCIAL REPORT FROM OUR EXTERNAL AUDITORS. 
          MR. RIVERA, THANKS FOR JOINING US AGAIN, AND I'D LIKE YOU TO MAKE INTRODUCTIONS OF, OF THE TEAM. 
          THANK YOU. 
          SURE. 
          THANK YOU. 
          UM, AGAIN, BRIAN VERA, I'LL GO AHEAD AND LET THE FOLKS ON THE TABLE INTRODUCE, AND THEN I'LL DO INTRODUCTION AND TURN IT OVER TO THE CROW TEAM. 
          SHIREEN, GEN, GEN SVP OVER FINANCIAL SERVICES FOR ACCOUNTING AND GRANTS WITH A TP, UH, BRAD. 
          SHELLEY, AUDIT PARTNER FROM CROW, LLP AND DANIELLE SHRIVER. 
          I'M A SENIOR MANAGER AT CROW. 
          AWESOME. 
          SO THIS ITEM THAT WE'RE UP HERE DISCUSSING IS RELATED TO OUR FISCAL YEAR 2025 FINANCIAL AUDIT. 
          UM, AGAIN, JUST GOING BACK TO THE BUDGET ADOPTION THAT, THAT THE BOARD APPROVED BACK IN SEPTEMBER OF LAST YEAR, UM, 2025. 
          THERE'S FINANCIAL POLICIES ATTACHED TO THE BOARD, UH, TO THE BUDGET DOCUMENT ITSELF. 
          AND ONE OF THE FINANCIAL POLICIES IS FOR THE FINANCE TEAM TO, UH, PROVIDE THE BOARD AN UPDATE ON OUR AUDITED FINANCIAL RE RESULTS. 
          SO THAT'S WHAT WE'RE HERE TO, TO TALK ABOUT. 
          UM, DON'T MEAN TO STEAL THE THUNDER, BUT GOOD NEWS, UH, CLEAN AUDIT, WHICH IS, WHICH IS GREAT. 
          UM, HATS OFF TO THE 
          [01:15:01]
TEAM TO SHEREEN AND HER TEAM THAT LED CROW, WHICH WAS THE FIRST YEAR THAT THEY WERE OUR AUDITORS, UM, ON THIS ENGAGEMENT AND OVERALL SUCCESSFUL, UM, PROCESS THAT, THAT WE FOLLOWED. 
          UM, ONE OF THE, THE DIFFERENCES THAT YOU GUYS HAVE NOTICED WITH OUR FINANCIALS THAT WE PRO PRODUCE THIS YEAR VERSUS, UM, PRIOR YEARS IS THAT WE PRODUCE AN ANNUAL COMPREHENSIVE FINANCIAL REPORT. 
          UM, IT'S A LITTLE MORE IN DEPTH, INCLUDES SOME STATISTICAL INFORMATION AND COMPARATIVE INFORMATION SO WE CAN TRACK THE FINANCIAL PROGRESS OF A TP OVER, UM, IT'S GONNA BUILD UP OVER A 10 YEAR PERIOD. 
          RIGHT NOW WE HAVE OUR FIVE YEARS WORTH OF DATA SINCE, UM, INCEPTION, WHICH IS GREAT. 
          SO HATS OFF TO THE TEAM TAKING THAT BIG UNDERTAKING 'CAUSE THAT'S A BIGGER LIFT THAN THE BASIC FINANCIALS THAT WE'VE BEEN PRODUCING YEAR OVER YEAR. 
          SO, UM, KUDOS TO THEM. 
          AND THEN ANOTHER THING I JUST WANTED TO NOTE FOR THE BOARD HERE AS WELL IS INCLUDED IN THE, THE , WHICH IS THE ACRONYM FOR THE ANNUAL COMPREHENSIVE FINANCIAL REPORT, UM, IS A BUDGET TO ACTUAL SECTION. 
          SO AGAIN, THIS IS SOMETHING WHERE WE CAN KIND OF POINT TO AS WELL TO SHOW OUR, OUR FINANCIAL PERFORMANCE FROM A BUDGET TO ACTUAL STANDPOINT. 
          AND AGAIN, WE CONTINUE TO, TO, UM, MANAGE OUR SPEND PLAN, UH, APPROPRIATELY AND COME IN UNDER, UNDER BUDGET, UM, YEAR OVER YEAR. 
          AND HATS OFF TO THE TEAM OVERALL, UM, WITHIN A TP, UM, THAT, THAT GOES TO THE TEAM. 
          ONE REALLY ASSESSING OUR NEEDS AS WE GO THROUGH A, A REQUISITION OR CONTRACT, EX EXECUTION PROCESS AND REALLY UNDERSTANDING THE NEED BEHIND, UM, BEFORE WE'RE LAUNCHING A PROCUREMENT OR ENTERING INTO A CONTRACT, AND ALSO ACTIVE CONTRACT MANAGEMENT AND, AND MAKING SURE THAT WE'RE GETTING THE BEST VALUE FOR THE DOLLARS THAT WE SPEND. 
          SO, SO HATS OFF TO THE TEAM. 
          SO WITH THAT, I'LL GO AHEAD AND TURN IT OVER TO BRAD AND TEAM. 
          THANK YOU, BRIAN. 
          I FEEL LIKE WE WERE SET UP HERE WITH ALL THE EARLIER EXCITEMENT AND KIND OF A LETDOWN NOW TO THE AUDIT, AND THEN YOU STOLE THE THUNDER ON A BEING A GREAT AUDIT. 
          SO, , WELL, I FEEL FOR THE PEOPLE THAT ARE NOW GONNA LISTEN TO AN AUDIT REPORT, RIGHT? RIGHT. 
          THEY, THEY WANT TO GO PARTY AND WE'RE LISTENING TO, RIGHT? WE'LL TRY TO BE BRIEF WITH THIS. 
          UM, WE'RE ENDING ON A BAG. 
          WE, WE DON'T HAVE, UH, TOO MANY SLIDES HERE, SO WE'LL, WE'LL TRY TO BE BRIEF. 
          UM, AS BRIAN MENTIONED, UH, CLEAN AUDIT REPORTS. 
          SO YOU SEE THAT, UH, LISTED HERE IN UNQUALIFIED, UH, UNMODIFIED OPINION, UH, JUST ESSENTIALLY MEANS THAT THOSE FINANCIAL STATEMENTS THAT YOU'RE REVIEWING ARE CLEAN FOR ANY MATERIAL MISSTATEMENTS. 
          UM, WE ALSO ISSUE A REPORT UNDER GOVERNMENT AUDITING STANDARDS AND, UH, DID NOT IDENTIFY ANY MATERIAL WEAKNESSES OR SIGNIFICANT DEFICIENCIES, UM, AND INTERNAL CONTROLS RELATED TO YOUR FINANCIAL STATEMENTS. 
          UH, SO THAT'S THE, THE HIGH LEVEL SUMMARY OF THE RESULTS. 
          I'M GONNA LET, UM, UH, DANIELLE GO THROUGH A LITTLE BIT MORE DETAIL. 
          MM-HMM . 
          UH, NEXT SLIDE OR YOU WANNA CLICK? YEAH. 
          THANK YOU, . 
          ALRIGHT. 
          SO I THINK BRAD DID A GOOD JOB OF DETAILING OUT OUR OBJECTIVE AND SCOPE OF WORK. 
          SO I KNOW WE'RE TRYING TO KEEP IT BRIEF SO I CAN, I THINK I CAN SKIP FORWARD TO OUR NEW ACCOUNTING STANDARDS HERE. 
          SO THE FIRST BEING GASB 1 0 1, UM, DURING THE AUDIT, WE MAKE SURE TO ASSESS ALL NEW ACCOUNTING STANDARDS TO SEE WHAT IMPACT THEY MIGHT HAVE ON THE FINANCIAL STATEMENTS. 
          SO GASB 1 0 1 IS RELATED TO COMPENSATED ABSENCES LIABILITY, AND IT'S REGARDING THE RECOGNITION AND MEASUREMENT OF THAT LIABILITY. 
          NOW, COMPENSATED ABSENCES ARE NOTHING NEW TO GOVERNMENTAL ACCOUNTING. 
          THEY'VE BEEN AROUND LONGER THAN I'VE BEEN AROUND IN ACCOUNTING . 
          UM, SO OUR GOAL THIS YEAR WAS TO DETERMINE IF THERE WAS A MATERIAL IMPACT OF THE STANDARD. 
          UM, A TP FINANCE MANAGEMENT WENT THROUGH AND PERFORMED AN ANALYSIS AND CONCLUDED THAT THERE WAS NOT THE CALCULATION THEY WERE PERFORMING PREVIOUSLY VERSUS THE NEW ONE. 
          UNDER GAL SBY 1 0 1 WERE VERY CLOSE. 
          UH, WE REVIEWED AND CONCURRED. 
          SO THERE WAS NO NEED TO RESTATE THE PRIOR YEAR FINANCIALS JUST SIMPLY DUE TO THE IMMATERIAL CHANGE. 
          SO WE DID, OF COURSE, MAKE SURE THE CALCULATION WAS UPDATED APPROPRIATELY AND THAT IT WAS FOLLOWING THE STANDARDS. 
          AND THEN YOU MAY HAVE NOTICED IF YOU LOOKED AT NOTE TWO, THAT THE DISCLOSURE WAS ALSO BEEFED UP A LITTLE BIT TO BE IN COMPLIANCE WITH THE STANDARD. 
          UM, GS B 1 0 2 IS A LITTLE BIT OF THE OPPOSITE, NOT TOO MUCH WORK TO DO THERE AS IT, THERE WAS NO IMPACT ON THE FINANCIALS. 
          THIS WAS RELATED TO CERTAIN RISK DISCLOSURES. 
          AND THE GOAL OF THIS, UM, STANDARD WAS TO IMPROVE TRANSPARENCY AROUND VULNERABILITIES GOVERNMENTS MIGHT FACE THAT COULD IMPACT THEIR FINANCIAL POSITION. 
          AND AGAIN, UPON REVIEW, WE DIDN'T SEE THAT THERE WAS ANY IMPACT TO ATP'S FINANCIAL STATEMENTS. 
          ALRIGHT, SO MOVING RIGHT ALONG. 
          WE HAVE A COUPLE OF REQUIRED COMMUNICATIONS THAT WE NEED TO GIVE TO THOSE CHARGED WITH GOVERNANCE, WHICH WOULD BE YOU GUYS. 
          UM, SO THE FIRST AND FOREMOST BEING THAT WE ARE NOT AWARE OF ANY, UM, RELATIONSHIPS BETWEEN CROW AND A TP THAT MAY IMPAIR, UM, INDEPENDENCE AND MOVING ALONG. 
          WE ALSO NEED TO COMMUNICATE ANY NEW SIGNIFICANT ACCOUNTING POLICIES. 
          I BELIEVE 
          [01:20:01]
I JUST DID THAT WHERE THERE WERE NO OTHERS IDENTIFIED, ASIDE FROM THE TWO GASB STANDARDS THAT I JUST WENT OVER. 
          UM, BRAD WILL TOUCH ON KIND OF SOME OF THE FUTURE STANDARDS THAT ARE UP AND COMING IN A FUTURE SLIDE. 
          UM, ALSO ADDITIONALLY, IN THE PREPARATION OF FINANCIALS, THERE ARE A NUMBER OF ACCOUNTING ESTIMATES THAT ARE CALCULATED. 
          THREE ARE LISTED ON THE SLIDES HERE. 
          SO THAT WOULD BE YOUR FAIR VALUE OF INVESTMENTS, YOUR USEFUL LIFE OF CAPITAL ASSETS, AS WELL AS THAT SAME COMPENSATED ABSENCE LIABILITY THAT WE JUST TALKED ABOUT. 
          WE REVIEW THOSE FOR REASONABLENESS AND CONSISTENCY. 
          NO ISSUES WERE NOTED UPON THAT REVIEW. 
          AND FINALLY, FOR THIS SLIDE, UM, AS PART OF OUR AUDIT, WE MAKE CERTAIN JUDGMENTS OVER ACCOUNTING AND YOUR FINANCIAL STATEMENTS, UM, MORE FROM A CALL, A QUALITATIVE ASPECT, UM, IN PERFORMING THAT WE DID NOT IDENTIFY ANY CONCERNS AROUND APPROPRIATENESS OF ACCOUNTING POLICIES OR ADEQUACY OF YOUR FINANCIAL STATEMENT DISCLOSURES, NO ISSUES ON TIMING OF TRANSACTIONS, UM, NO SIGNIFICANT RISKS OF EXPOSURE OR UNUSUAL TRANSACTIONS, AND NO ATTEMPTS AT MANAGEMENT SELECTIVELY CHOOSING WHICH MISSTATEMENTS TO CORRECT OR NOT CORRECT IN AN ATTEMPT TO MISLEAD THE FINANCIALS. 
          SO ALL IN ALL, GOOD NEWS ON THAT FRONT. 
          ALL RIGHT, SO WE TALKED ABOUT CORRECTED AND UNCORRECTED MISSTATEMENTS JUST A SECOND AGO. 
          UM, SO TO QUICKLY DESCRIBE WHAT THOSE ARE, UM, THOSE ARE JUST ADJUSTMENTS THAT ARE IDENTIFIED THROUGHOUT TESTING OF THE AUDIT. 
          SO WE PROPOSE THOSE TO MANAGEMENT. 
          AND IF IT'S CORRECTED, IT SIMPLY MEANS THAT THEY DID DECIDE TO POST THAT. 
          AND IT IS REFLECTED ON THEIR FINANCIAL STATEMENTS. 
          IF IT'S UNCORRECTED, THAT MEANS THAT THEY HAVE ELECTED TO WAIVE THAT. 
          AND OUR JOB IS TO MAKE SURE THAT ANY ADJUSTMENTS THAT ARE WAIVED ARE NOT MATERIAL INDIVIDUALLY OR IN AGGREGATE. 
          SO ANYTHING THAT'S WAIVED, YOU KNOW, THAT THERE'S TRULY NO MATERIAL IMPACT TO THE FINANCIAL STATEMENTS. 
          UM, THERE WAS ONE THAT WAS IDENTIFIED IN UNCORRECTED MISSTATEMENT. 
          IT WAS RELATED TO A PREPAID ASSET THAT WAS BOOKED IN A PREVIOUS YEAR. 
          UM, WE OR MANAGEMENT ELECTED TO WAIVE THE RESTATEMENT OF THE PRIOR YEAR FINANCIAL STATEMENTS, WHICH IS THE UNCORRECTED ENTRY. 
          HOWEVER, IN THE CURRENT YEAR THIS WAS CORRECTED, UM, THE PREPAID WAS REDUCED AND IT WAS OFFSET BY AN EXPENDITURE. 
          UM, OKAY, SO MOVING ALONG, UH, BRAD ALREADY MENTIONED SIGNIFICANT DEFICIENCIES AND MATERIAL WEAKNESSES. 
          WE DID NOT IDENTIFY ANY OF THOSE. 
          AND KIND OF THE LAST, UM, YOU KNOW, GROUPING OF ITEMS HERE, UM, SEVERAL THINGS THAT WE WOULD BE REQUIRED TO COMMUNICATE SHOULD ANY OF THEM ACTUALLY OCCUR. 
          UM, YOU KNOW, FOR A FIRST YEAR AUDIT, WE, WE DID A GREAT JOB. 
          I THINK AS A TEAM, EVERYONE WAS WONDERFUL. 
          IT WAS EASY TO COMMUNICATE WITH THEM. 
          I HAVE NOTHING TO REPORT AS FAR AS ANY ISSUES WITH MANAGEMENT OR ANYTHING OF THAT NATURE. 
          ALL RIGHT, THANKS DANIELLE. 
          UM, I ALWAYS LIKE TO WRAP UP OUR MEETINGS JUST BY LOOKING AHEAD A LITTLE BIT BECAUSE, YOU KNOW, THESE FINANCIAL STATEMENTS AT THIS POINT ARE OVER SIX MONTHS OLD, SO IT'S ALWAYS A LITTLE BIT OLD NEWS BY THE TIME WE GET, UH, TO HAVE AN OPPORTUNITY TO PRESENT TO YOU ALL. 
          UM, SO LOOKING AHEAD A LITTLE BIT AT WHAT IS, UH, COMING UP FOR THE NEXT COUPLE OF YEARS. 
          YOU CAN SEE HERE THERE'S TWO NEW ACCOUNTING STANDARDS THAT'LL BE REQUIRED TO BE IMPLEMENTED, UH, FOR NEXT FISCAL YEAR OR YOUR CURRENT FISCAL YEAR AT THIS POINT. 
          UH, GASB 1 0 3 IS RELATED TO, UH, IT'S CALLED THE FINANCIAL REPORTING MODEL. 
          BUT THE PRIMARY CHANGES THAT YOU'LL SEE IS IN THE MDNA SECTION, YOUR MANAGEMENT'S DISCUSSION ANALYSIS, PART OF THE FINANCIAL STATEMENTS, WHICH KIND OF, UH, INTROS INTO THE FINANCIALS. 
          THERE'S GONNA BE AN EMPHASIS ON BEEFING THAT UP A LITTLE BIT MORE, ADDING MORE DOCUMENTATION AROUND OR EXPLANATION AROUND VARIANCES, UH, YEAR OVER YEAR, UM, THINGS OF THAT NATURE. 
          SO DON'T ANTICIPATE IT IMPACTING, YOU KNOW, ANY PARTICULAR BALANCES OR HOW YOU RECORD TRANSACTIONS. 
          MORE JUST DISCLOSURES AND ADDING A LITTLE BIT DISCLOSURE, ADDING A LITTLE BIT MORE DISCLOSURE. 
          UH, SIMILARLY, GASB 1 0 4, UH, RELATED TO CERTAIN CAPITAL ASSETS IS JUST LOOKING AT JUST THAT CERTAIN TYPES OF CA CAPITAL ASSETS, DISCLOSING THOSE A LITTLE BIT, UH, DIFFERENTLY. 
          SO MAYBE IN YOUR FOOTNOTE DISCLOSURES YOU'LL SEE, UM, YOU KNOW, IF YOU HAVE, UH, SUBSCRIPTION ASSETS OR LEASE ASSETS, THINGS OF THAT NATURE THAT ARE SEPARATE FROM YOUR, UH, REGULAR CAPITAL ASSETS. 
          UM, JUST DISCLOSING THAT INFORMATION A LITTLE BIT MORE. 
          SO NOTHING REALLY TOO SIGNIFICANT THERE. 
          AGAIN, NEITHER OF THOSE WILL CHANGE HOW YOU RECORD TRANSACTIONS. 
          THE ONE THAT'S TWO YEARS AWAY IS LOOKING AT SUBSEQUENT EVENTS. 
          UM, AND JUST TRYING TO DEFINE THAT A LITTLE BIT BETTER. 
          UH, AS PART OF THE AUDIT PROCESS, WE'RE REQUIRED TO NOT ONLY LOOK THROUGH THE END OF THE FISCAL YEAR THAT WE'RE AUDITING, BUT THEN ALSO LOOK AT ANY SUBSEQUENT EVENTS AFTER, UM, FROM THERE TO THE TIME THAT WE ISSUE. 
          AND SO THIS IS JUST DEFINING WHAT IS RECOGNIZED OR NON RECOGNIZED EVENTS, THINGS LIKE THAT. 
          SO NOTHING TO BE REALLY CONCERNED ABOUT AT THIS POINT EITHER. 
          [01:25:01]
BUT NONETHELESS, JUST WANNA MAKE YOU AWARE OF IT. 
          UH, THE LAST BULLET POINT THAT'S, UH, LISTED HERE AROUND FUTURE FUNDING. 
          THIS IS REALLY SPECIFIC TO FEDERAL FUNDING. 
          AND SO THE, THE POINT IN TIME WHEN IF YOU GET FEDERAL FUNDING, UH, TO ASSIST WITH THE OVERALL PROJECT, THAT'LL CHANGE THE AUDIT PROCESS A LITTLE BIT. 
          IT'LL ADD ON TO WHAT WE'RE REQUIRED TO DO. 
          SO AT THAT POINT, WE'LL HAVE TO DO, UH, TESTING UNDER UNIFORM GUIDANCE AND COMPLIANCE TESTING. 
          THERE'LL BE ADDITIONAL CONTROLS TESTING WE NEED TO DO, AND ALL OF THAT'LL BE SPECIFIC TO THE, THAT FEDERAL FUNDING THAT YOU'RE RECEIVING. 
          UM, SO WE'VE BEEN IN DISCUSSIONS WITH THE, THE FINANCE TEAM ALREADY ABOUT TRYING TO MAKE SURE THEY'RE PREPARED FOR THAT AND WHAT WE'D BE LOOKING FOR, UM, SO THAT WHEN YOU ACTUALLY GET A GRANT AGREEMENT SIGNED, EXECUTED, AND THEN THE AUDIT REQUIREMENTS ARE IN PLACE, HOPEFULLY YOU ALL BE PREPARED FOR THAT AND IT'LL MAKE THAT AUDIT PROCESS EASIER. 
          SO, UM, AGAIN, WE'LL WE WILL HAVE DISCUSSIONS MORE ON THAT AS AS WE MOVE ALONG, BUT THAT'S SOMETHING THAT WE'RE AWARE OF AND WE'LL TALK MORE, UH, LATER. 
          SO WITH THAT, I THINK THAT CONCLUDES MY PRESENTATION, BUT, UH, HAPPY TO ANSWER ANY QUESTIONS ANYONE MIGHT HAVE. 
          THANK YOU SO MUCH. 
          YEAH. 
          UM, ANY QUESTIONS FROM THE BOARD? NO QUESTIONS. 
          UM, I KNOW ONE, I HAVE A QUICK QUESTION. 
          WE HAVE OUR OWN DIRECTOR OF AUDIT, INTERNAL DIRECTOR OF AUDIT, AND ONE OF OUR SPECIFIC ASKS FROM THE BOARD HAS BEEN TO GET US READY BECAUSE WE HAVE REALLY HIGH HOPES OF GETTING THAT FEDERAL FUNDING IN PLACE. 
          SO THANK YOU FOR BRINGING US UP, UM, GIVING US THAT HEADS UP THAT THERE'S GONNA BE DIFFERENT MECHANISMS IN PLACE FOR REPORTING WHEN, WHEN WE GET THOSE FUNDS IN. 
          SO HOW CLOSELY ARE YOU WORKING WITH OUR DIRECTOR OF INTERNAL AUDIT TO SET UP THOSE SYSTEMS? THANKS LORD. 
          UM, THANKS CHAIR. 
          SO WE'RE ACTUALLY, THIS IS SEPARATE. 
          IT'S FINANCIAL AUDIT VERSUS INTERNAL AUDIT, BUT I KNOW SHIRE IS ALWAYS, UM, CHATTING WITH KATE, WITH KATIE AND, AND THE INTERNAL AUDIT TEAM TO REALLY THINK ABOUT OUR PROCEDURES SO THAT WE ARE KIND OF IN A PLACE TO WHERE ONCE WE ARE EXECUTING THAT GRANT AGREEMENT, THERE'S, UH, A LENS FROM THE INTERNAL AUDIT PERSPECTIVE, BUT THEN THERE'S ALSO THE FINANCIAL LENS FROM A FINANCIAL REPORTING PERSPECTIVE EMBEDDED INTO OUR PROCEDURES PRIOR TO EXECUTING THAT GRANT AGREEMENT. 
          SO, YEAH. 
          THANK YOU. 
          UM, NO FURTHER QUESTIONS. 
          NO, IT'S BEEN A PRETTY PRODUCTIVE MEETING, SO THANK YOU EVERYONE. 
          THANK YOU. 
          THANK YOU FOR YOUR PATIENCE AND TIME IN GETTING TO SCHEDULE THE MEETINGS WITH EACH OF THE BOARD MEMBERS IN YOUR INTERVIEWS WITH ALL OF US. 
          SO THANK YOU. 
          THANK YOU VERY MUCH. 
          APPRECIATE IT. 
          AND THANK YOU TO THE FINANCE TEAM. 
          I REALLY APPRECIATE. 
          UH, AS I MENTIONED, THIS IS OUR FIRST YEAR AS YOUR EXTERNAL AUDITOR, AND SOMETIMES THAT CAN BE A LITTLE BIT OF A CHALLENGE, BUT I THINK WE WORKED WELL TOGETHER AND I APPRECIATE THEM, UM, BEING, UH, SUPPORTIVE AND PROVIDING THE DOCUMENTATION TIMELY. 
          EVERYBODY LOVES AUDITS, , WHAT'S NOT TO LOVE. 
          KATIE. 
          KATIE CAMERAS. 
          WELL, AND CONGRATULATIONS TO THE TEAM FOR GETTING A CLEAN AUDIT. 
          I MEAN, REALLY LOTS TO CELEBRATE, SO THANK YOU. 
          THANK YOU. 
          THIS CONCLUDES THE APRIL 15TH, 2026 A TP BOARD OF DIRECTORS MEETING. 
          UH, THE TIME IS THREE 30 AND THE BOARD STANDS ADJOURNED. 
          THANK YOU. 
          THANK YOU. 
          THANK YOU.
* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.