Jul 21, 2026 City Council Work Session

THAT ARE SUPPOSED TO REPORT TO US, UH, DURING THAT EXECUTIVE SESSION, NOT HAVE THEM TIED UP, NOT BE PAYING EXTRA FOR JUST HAVING THEM SIT AROUND.

TYPICALLY, WE START AT NINE.

I'LL CALL TO ORDER THE AUSTIN CITY COUNCIL WORK SESSION FOR JULY 21ST, 2026.

IT'S 9:02 AM WE ARE MEETING IN CITY COUNCIL CHAMBERS, LOCATED AT CITY HALL AT 3 0 1 WEST SECOND STREET IN AUSTIN, TEXAS.

THIS IS A WORK SESSION, AS I INDICATED BEFORE, I CALLED THE MEETING TO ORDER, BUT I'LL SAY IT FOR THE PUBLIC THAT MAY JUST NOW BE TUNING IN.

WHAT WE'RE GONNA DO IS I'VE CALLED THE ORDER OF THE WORK SESSION.

WE'RE GONNA RECESS THE WORK SESSION AND GO TO, UM, I'M GONNA FLIP IT OVER TO THE MAYOR PRO TIM, WHO IS THE CHAIR OF THE AUSTIN ENERGY OVERSIGHT COMMITTEE, WHICH IS A COMMITTEE OF THE WHOLE COUNCIL.

UH, HE WILL CALL THAT MEETING TO ORDER.

WE WILL CONDUCT, HE WILL CONDUCT THAT, THAT MEETING, AND THEN WE WILL GO BACK TO THE WORK SESSION, UM, AFTER THE CONDUCT WE'VE CONDUCTED THAT MEETING.

SO, WITH THAT BEING SAID, UNLESS THERE'S OBJECTION OR QUESTIONS OR COMMENTS, UH, THE AUSTIN CITY COUNCIL WORK SESSION IS IN RECESS AT 9:03 AM AND I'LL FLIP IT TO THE MAYOR PRO TIM, MAYOR PRO TIM.

UM, IT IS NINE FIFTY EIGHT AND I WILL CALL BACK TO ORDER THE CITY COUNCIL, AUSTIN CITY COUNCIL WORK SESSION.

UM, MEMBERS, UH, THE ORDER THAT I, I'M GONNA KIND OF LAY OUT, UNLESS THERE'S OBJECTION OR QUESTIONS AND WE'LL, AND IT WILL BE A LITTLE BIT, UH, WE'LL TRY TO BE ELASTIC ABOUT THIS, IS WE'RE GOING TO GO FIRST TO THE BRIEFINGS.

UM, THAT, THAT IS THE, THE ONLY ITEM ON THE AGENDA THAT WE HAVE IS THE BRIEFINGS IN ITEM B ONE AND AN EXECUTIVE SESSION.

SO WHAT I'M GONNA ATTEMPT TO DO IS GO TO THE BRIEFINGS FIRST.

WE HAVE A NUMBER OF PEOPLE THAT HAVE SIGNED UP TO SPEAK.

WE WILL HEAR FROM OUR SPEAKERS.

THEN DEPENDING UPON WHERE WE ARE TIME-WISE, WE MAY BREAK BEFORE WE THEN CALL UP OUR STAFF, UH, TO GO INTO THE EXECUTIVE SESSION.

AND I'M JUST GOING TO, WITH YOUR INDULGENCE, I'LL PLAY THAT BY EAR.

THAT WAY WE CAN SCHEDULE THE, THE ATTORNEYS

[00:05:01]

SO JUST, UH, STICK WITH ME ON THAT, AND THAT'S WHAT I'LL TRY TO DO.

THEN WE'LL COME BACK IF THAT'S THE CASE, AND WE'LL HAVE THE FULL BRIEFING.

SO WITH THAT, UH, LET'S

[Additional Item]

GO TO ITEM B ONE AND, UH, I'LL TURN TO THE CITY CLERK'S OFFICE TO START CALLING THE NAMES OF SPEAKERS.

I'LL SAY BEFORE SHE STARTS CALLING NAMES, WHEN YOUR NAME IS CALLED, THAT IS AN INDICATION TO PLEASE GO AHEAD AND COME FORWARD AND TAKE ONE OF THE SEATS.

UM, SHE'LL CALL THREE, FOUR OR FIVE NAMES AT A TIME.

PLEASE COME FORWARD.

THAT WAY WE KNOW YOU'RE HERE IF YOU'RE DONATE, IF YOU'RE COMING, AND IF SOMEBODY HAS DONATED TIME, SHE WILL CALL OUT THE NAME OF WHOEVER HAS DONATED THE TIME, AND, AND YOU HAVE TO, SOMEBODY HAS TO BE HERE IN ORDER TO DONATE TIME UNDER OUR RULES.

SO IF YOUR NAME IS CALLED AS SOMEBODY THAT'S DONATING TIME, UH, JUST RAISE YOUR HAND AND THAT WAY WE'LL KNOW THAT YOU'RE HERE WHEN SHE CALLS OUT YOUR NAME.

UH, OR, OR HE IN THIS CASE, UM, SORRY, GO AHEAD.

WE'LL BEGIN WITH REMOTE SPEAKERS ON ITEM B ONE KABA WHITE KABA, PLEASE UNMUTE.

HELLO, MY NAME IS KABA WHITE AND I'M SPEAKING ON BEHALF OF PUBLIC CITIZENS TEXAS OFFICE.

WE WOULD RESPECTFULLY ASK THAT YOU PAUSE ON THIS PROCESS WITH DOG FED.

TAKE THE TIME TO COLLECT MORE INFORMATION AND ENGAGE WITH THE COMMUNITY SINCE YOU'VE ALREADY RECEIVED QUITE A BIT OF FEEDBACK FROM THE COMMUNITY THAT THERE IS NOT SUPPORT FOR THE DEVELOPMENT AGREEMENT THAT HAS ALREADY BEEN VOTED ON.

AND THERE IS ALSO SIGNIFICANT QUESTION OF WHETHER OR NOT THIS DEVELOPMENT WOULD HAPPEN WITH OR WITHOUT ANY SORT OF TAX BENEFITS.

AND IT SEEMS THAT THE, IF THE DEVELOPER IS SO MOTIVATED THAT THE CITY OF AUSTIN NEEDED TO CREATE SOME SORT OF DEAL JUST TO BRING THEM TO THE TABLE BECAUSE THEY WERE GOING TO DO THE DEVELOPMENT THEIR OWN WAY WITH OR WITHOUT AN AGREEMENT WITH THE CITY OF AUSTIN, THAT KIND OF FALLS INTO QUESTION WHY THEY WOULD NEED TAX BENEFITS TO MAKE IT HAPPEN IF IT WAS SO URGENTLY GOING TO HAPPEN ANYWAY.

BUT REGARDLESS, THE PEOPLE WHO LIVE IN THE AREA AS WELL AS MANY OTHER PEOPLE THAT YOU'VE SEEN SHOWING UP ARE NOT IN SUPPORTIVE OF THIS DEVELOPMENT.

IT DOES NOT ALIGN WITH ENVIRONMENTAL POLICIES AND PRIORITIES OF THE CITY.

AND WE WOULD JUST ASK THAT YOU STEP BACK, TAKE MORE TIME AND, AND ULTIMATELY PROBABLY NOT OFFER ANY SORT OF TAX INCENTIVES UNLESS IT WAS DONE IN A WAY THAT ALIGNS WITH THOSE ENVIRONMENTAL PRIORITIES AND ALSO ENSURES THAT IT IS A, YOU KNOW, AFFORDABLE HOUSING, UH, TYPE PROJECT AND NOT JUST AN OPEN-ENDED SORT OF DEVELOPMENT THAT MIGHT INCLUDE A DATA CENTER OR ANY OTHER SORT OF INDUSTRIAL TYPE OF DEVELOPMENT.

AND, UM, YEAH, JUST THIS IS A, A MAJOR, UM, PROJECT THAT'S GONNA BE AFFECTING US FOR 45 YEARS.

CONTINUE WITH REMOTE SPEAKERS ON ITEM B ONE, REBECCA CIO.

UM, GOOD MORNING.

THANK YOU FOR GIVING ME THE OPPORTUNITY TO SPEAK TODAY.

UM, I AM ALSO A MEMBER OF DISTRICT THREE AND, UM, I'M A REALTOR HERE IN AUSTIN FOR 10 YEARS IN AUSTIN, I FOR 20.

AND, UM, I'M ALSO OPPOSED WITH THE TAX BENEFITS THAT YOU GUYS ARE ONBOARDING ON ON THURSDAY.

I ASKED ALSO THAT YOU, UM, HOLD BACK ON THAT UNTIL WE HAVE MORE INFORMATION ON HOW THIS PROJECT IS GONNA AFFECT ENVIRONMENTALLY ALSO THE TRAFFIC REPORT, BECAUSE THE PROPOSED TRAFFIC EXTENSIONS ARE OF MON TOPLESS WILL DISPLACE A LARGE AMOUNT OF MY NEIGHBORS.

AND SO, UM, THAT'S JUST, YOU KNOW, WE SPOKE WITH THE CITY ON THAT AND THEY CLAIM THAT THAT'S NOT SOMETHING THAT AUSTIN DOES, BUT THAT'S SOMETHING THAT AUSTIN APPROVED.

SO I PLEASE ASK THAT YOU HOLD OFF ON THIS.

UM, ANOTHER, UH, CONCERNING MATTER IS THAT ENDEAVOR HAS ALREADY STARTED TO FILL SOME OF THE AREAS THAT ARE IN THE FLOOD ZONE AND WITH THE PROPOSED AGREEMENT OF A HUNDRED PERCENT IN PREVIOUS COVERAGE, THAT'S JUST A RECIPE FOR DISASTER.

UM, SO WE NEED MORE INFORMATION ON HOW THAT'S GONNA HAPPEN, THE WATER DRAINAGE PLAN, AND UM, BASICALLY, YOU KNOW, I ASKED ALSO THAT IF IT IS GONNA GO FORWARD, THAT YOU RESTRICT THE, THOSE, UM, DEVELOPMENT, UM, AGREEMENT TO, UM, REDUCE THE IMP IMPROVE COVERAGE ALSO TO, UM, INCREASE THE SETBACK FROM THE RIVER TO POSSIBLY 400 FEET.

UM,

[00:10:01]

SO I THINK WE NEED MORE TIME TO REALLY LOOK BACK AND SEE HOW THIS IS GONNA PLAY OUT BEFORE WE ARE QUICK TO PULL THE TRIGGER ON SOMETHING LIKE THIS.

UM, SO, UM, YEAH, THANK YOU SO MUCH FOR HEARING ME.

CONTINUING WITH REMOTE SPEAKERS ON ITEM B ONE, MONICA GUZMAN.

GOOD MORNING.

I'M MONICA GUZMAN, KAVA, EXCUSE ME, GAVA POLICY DIRECTOR SPEAKING IN OPPOSITION TO B ONE.

WE ARE IN SOLIDARITY WITH THE SOUTHEAST COLORADO RIVER NEIGHBORHOOD ASSOCIATION SAVE OUR SPRINGS COMMUNITY POWERED A TX LONE STAR SIERRA CLUB, ENVIRONMENTALIST, LABOR ACTIVISTS AND ORGANIZERS, SUBJECT MATTER EXPERTS AND OTHER COMMUNITY ORGANIZATIONS AND INDIVIDUALS IN OUR COLLECTIVE OPPOSITION TO THE PROPOSED TAX INCRE INCREMENT REINVESTMENT ZONE OR TOURS.

WE SUPPORT THE CITY OF AUSTIN ENVIRONMENTAL COMMISSIONS RECOMMENDATIONS IN MAY.

COUNSEL, YOU PROVIDED LIMITED, IF ANY TRANSPARENCY AND DENIED AUSTIN TRAVIS COUNTY A TRANSPARENT, ROBUST PUBLIC PROCESS.

WE URGE YOU TO DELAY YOUR VOTE UNTIL THERE IS AN ENVIRONMENTAL ASSESSMENT LANGUAGE ACCESSIBLE COMMUNITY ENGAGEMENT, ESPECIALLY THOSE AT RISK OR WILL BE IMPACTED.

SO PLEASE, YOU KNOW, SUPPORT UNANIMOUSLY OCCURS POSTPONEMENT UNTIL AT LEAST 2027.

WE'LL NOW MOVE TO IN-PERSON SPEAKERS, GARRETT TONGUE, CRAIG NAZER, ROBIN RATHER.

BILL BUNCH ALI HOFFMAN.

COREY HERB, PLEASE STATE YOUR NAME AND BEGIN SPEAKING WHOEVER WANTS TO GO FIRST.

YOUR TURN.

UM, MY NAME IS GARRETT TUNG.

I LIVE, UH, I LIVE IN DISTRICT THREE.

AURS REQUIRES PROOF THAT LAND IS UNDEVELOPABLE WITHOUT TAXPAYER SUBSIDIES.

I WANT TO DEMONSTRATE THAT THAT IS SIMPLY NOT THE CASE FOR THIS DEVELOPMENT.

I LIVE ON HER GOD'S LANE ON THE NECK OF THE DOG.

NOTHING DISTINGUISHES MY STREET FROM THE PROPOSED DEVELOPMENT IN THE DOG'S HEAD, EXCEPT FOR THE FACT THAT WE HAD A BIT OF A HEAD START.

30 OUT OF 63 PARCELS ON KIMBALL AND ERGOTS LANE ARE EITHER OWNED BY DEVELOPERS, HAVE BEEN DEVELOPED AS NEW CONSTRUCTION IN THE LAST 15 YEARS, ARE OWNED BY INVESTORS, OR ARE ACTIVE COMMERCIALLY ZONED BUSINESSES.

THAT IS OVER 47%.

100% OF THESE HOMES AND BUSINESSES WERE DEVELOPED WITHOUT A TURS.

SINCE 2016, SINGLE FAMILY HOMES, INCLUDING CONDOMINIUMS ON HERTZ LANE, HAVE SOLD FOR AN AVERAGE OF OVER $473,000.

THAT NUMBER IS SHOCKINGLY CLOSE TO THE FINANCIAL PROJECTIONS FOR SINGLE FAMILY UNITS IN THE DOG'S HEAD, THE VERY SAME UNITS THAT SUPPOSEDLY CANNOT BE DEVELOPED WITHOUT A TURS.

FINALLY, ON APRIL 4TH, 2024, AUSTIN CITY COUNCIL APPROVED THE BOM COLORADO PROJECT.

THE DEVELOPER ROY, REPRESENTED BY RICHARD SUTTLE GOT THE GREEN LIGHT TO BUILD OUT OVER 2000 RESIDENTIAL UNITS, MILLIONS OF SQUARE FEET OF OFFICE AND RETAIL SPACE, AND A HOTEL DIRECTLY ON THE COLORADO RIVER.

THIS DEVELOPMENT IS DIRECTLY ACROSS THE COLORADO FROM MY HOME.

I CAN LITERALLY THROW A ROCK AND HIT IT.

THE SITE THAT THEY'RE DEVELOPING INTO THIS PICTURE.

ESCALAS WAS PREVIOUSLY TEXAS MATERIALS, SOUTH BM CONCRETE PLANT.

IT WAS A CONCRETE PLANT, IT WAS BLIGHTED, IT WAS BOMBED OUT, AND THEY DID IT WITHOUT A TURS.

I ASKED THAT THIS COUNCIL, PLEASE REJECT THE CITY OF AUSTIN'S PARTICIPATION IN THIS AGREEMENT.

THE DEVELOPMENT HAS AND WILL COME WITHOUT TAXPAYER HELP.

ALMOST EVERY DAY LAST WEEK I WAS THERE.

MS. RATHER, GO AHEAD, COREY.

SORRY, I WAS, THOUGHT WE WERE GOING IN ORDER.

I APOLOGIZE.

MY NAME IS COREY HERB.

I'M A DISTRICT THREE RESIDENT AND ON THE DEFEND DOGS HEAD COALITION WORKING TITLE THAT WAS MENTIONED WITH ALL OF THOSE ORGANIZATIONS.

I'M REPRESENTING THE PARTY FOR SOCIALISM AND LIBERATION IN AUSTIN.

I'M A PROUD UNION MEMBER, AND I WORK FOR THE WATERSHED PROTECTION DEPARTMENT.

SAYING THOSE TWO THINGS BACK TO BACK IS TERRIFYING IN FRONT OF MY BOSSES.

I HOPE YOU'LL UNDERSTAND THE REASON THAT I'M HERE IS BECAUSE IT IS ALSO TERRIFYING TO SEE THE DETAILS OF THIS PLAN, AND I APOLOGIZE IF I GET EMOTIONAL.

AND I ALSO WANT TO PRACTICE THE SPIRIT OF TRANSPARENCY AND FULL DISCLOSURE THAT WE'RE BEGGING YOU ALL TO, I I KNOW YOU.

THOSE ARE PRINCIPLES THAT YOU ALL HAVE EXPRESSED.

WE ARE ASKING FOR THE SAME THING.

SO I WOULD LIKE TO PRACTICE THAT MYSELF.

WE'VE BEEN IN THE DOG, WE'VE BEEN IN THE DOG SET AREA, UH, VERY RECENTLY, UM,

[00:15:01]

I SPOKE TO A RESIDENT WHO I DON'T HAVE TIME TO GO INTO THE WHOLE DETAILS, BUT A DRAINAGE PIPE FROM 180 3 RECONSTRUCTION.

THE FREEWAY DRAINS INTO HIS BACKYARD IN A CHANNEL.

IT REGULARLY FLOODS TXDOT AND CITY OF AUSTIN FOUGHT OVER WHOSE JURISDICTION IT WAS.

HE GOT A STORY IN THE MEDIA FOR A YEAR.

THEY WORK ON IT, THEY WORKED ON IT, BUT THEY DISPUTED WHO WAS RESPONSIBLE AND THEN THEY STOPPED TAKING HIS CALLS.

HE SAID THAT I WAS THE FIRST CITY EMPLOYEE THAT HE HAD SPOKEN TO IN YEARS.

I WAS OFF THE CLOCK VOLUNTEERING MY TIME.

I WOULD LOVE TO DO THAT WORK FOR THE CITY THAT IS CONSTITUENT SERVICE.

I DON'T HAVE CONSTITUENTS.

I WOULD LOVE TO HELP THESE PEOPLE AND I SEE THEIR NEEDS.

I HAVE SO MUCH MORE TO SAY, BUT I SENT YOU SOME PHOTOS OF THE AREA.

THERE ARE MAJOR DRAINAGE ISSUES, INCLUDING IN THE PROJECT TOASTER SITE THAT IS UNDER, UH, CONSTRUCTION NOW LAST WEEK WITH THE TWO SEPARATE HEAVY RAIN EVENTS.

THAT WHOLE AREA IS POOLING WATER, AND YOU NEED TO ASK WATERSHED PROTECTION.

DO THEY HAVE A PLAN FOR DRAINAGE? THANK YOU, MS. RATHER.

GOOD MORNING, COUNSEL.

WE LIVE IN A TIME WHERE BILLIONAIRES IN LARGE CORPORATIONS THINK THEY CAN TAKE WHATEVER THEY WANT.

AND I FEEL FOR YOU THIS MORNING, AND I WANNA SHARE A WORD THAT MY DAD WHISPERED TO ME, LITERALLY IN THE CRIB, AND IS USED AS A MANTRA OVER AND OVER.

AND THAT WORD IS COURAGE.

ENDEAVOR IS TRYING TO TAKE, AND I RESPECT ENDEAVOR.

I'VE KNOWN THEM A LONG TIME, BUT IN THIS INSTANCE, WHAT THEY'RE SERVING UP, THEY'RE TRYING TO TAKE OUR ENVIRONMENTAL REGULATIONS, OUR CLIMATE MITIGATION, OUR FLOOD PROTECTION, OUR PROTECTIONS FOR NEIGHBORS.

THEY WANT TO TAKE AWAY THE LESSONS WE'VE LEARNED ABOUT ENVIRONMENTAL RACISM, AND THEY WANT TO TAKE A WHOLE BUNCH OF PUBLIC MONEY.

I THINK THE QUESTION BEFORE YOU IS, DO YOU HAVE THE COURAGE TO JUST SAY NO TO A DEAL THAT'S ENVIRONMENTALLY DANGEROUS, POLITICALLY CATASTROPHIC, AND MORALLY JUST PLAYING BANKRUPT? I REALLY THINK Y'ALL ARE MUCH BETTER THAN THIS.

WE HAVE A UNIFIED VISION FOR A DEVELOPMENT LIKE THIS.

IT WOULD BE FULL OF AFFORDABILITY, IT WOULD BE FULL OF WATER PROTECTION, IT WOULD BE FULL OF BEAUTY, AND IT WOULD BE SOMETHING ALL OF US COULD UNIFY AROUND.

WE'RE CAPABLE OF THAT DEVELOPMENT ENDEAVOR IS CAPABLE OF THAT DEVELOPMENT.

WE SHOULD LISTEN TO OUR WATERSHED PROTECTION FOLKS, OUR PARK FOLKS.

WE SHOULD LISTEN TO OURSELVES AND HOLD OURSELVES TO A REALLY HIGH STANDARD FOR THIS PARTICULAR VERY SACRED PLACE.

IT'S BOUNDED ON THREE SIDES BY THE COLORADO RIVER.

IT'S ONE OF THE MOST PRISTINE SECTIONS OF WATER THAT WE HAVE.

IF WE'VE LEARNED ANYTHING AS A CITY, WE KNOW HOW TO DO ECONOMIC DEVELOPMENT WITH ENVIRONMENTAL PROTECTION, WITH WATER PROTECTION, AND WITH OUR CREATIVITY AND INNOVATION.

THANK YOU FOR SAYING NO TO THIS DEAL.

THANK YOU MR. BUNCH.

CONTINUE ON.

ITEM B ONE.

HANG ON, MR, GO AHEAD AND CALL THE NAMES OF MR. BUNCH.

DENISE, CLAUDIA LES, SUSAN AMANZA.

NEED? HOW MUCH POWER ARE THEY GONNA NEED? WHAT IS THAT GONNA DO TO OUR RATES AND YOUR CONSTITUENTS RATES? UM, WHO IS THIS FOR? YOU WON'T EVEN DEMAND THAT ANSWER.

COUNCIL MEMBERS BILL BUNCH, SAVE OUR SPRINGS ALLIANCE DISTRICT FIVE.

UM, THERE'S, THERE'S NO LEGAL OR TECHNICAL CASE TO SUPPORT THIS TERMS. UM, Y'ALL ALREADY COMMITTED TO IT, BUT THANKFULLY THE LAW GIVES YOU AN OUT BECAUSE THAT COMMITMENT IS NOT BINDING UNTIL YOU HAVE THE FORMAL PUBLIC HEARING AND A VOTE AFTER THURSDAY.

UM, Y'ALL NEED TO WA WAKE UP.

I MEAN, THIS, THIS IS OUTRAGEOUS.

YOU HAVE MR. SUBTLE TELLING YOU THAT A HUNDRED PERCENT IMPERVIOUS COVER IS ENVIRONMENTAL RESTORATION.

I MEAN, THAT, THAT DOG DIDN'T HUNT OR EVEN A CLOSE TO THAT DOG DIDN'T HUNT IN 1990.

IT CERTAINLY DOESN'T HUNT TODAY EITHER.

UM, THIS WHOLE AREA IS EXPLODING DEVELOPMENT WISE.

UM, AND THERE'S NO WAY YOU CAN SAY THEY NEED LITERALLY BILLIONS OF OUR DOLLARS TO, UH, UH, DEVELOP THIS AREA.

THEY DON'T NEED A PENNY OF OUR MONEY, AND YOU SHOULDN'T BE GIVING IT, ESPECIALLY WHEN YOU'RE TALKING ABOUT MORE TAX INCREASES, MORE WATER AND SEWER INCREASES.

YOU'RE NOT EVEN ASKING THE RIGHT QUESTIONS.

HOW MUCH WATER ARE THEY GONNA

[00:20:01]

THIS ISN'T MONEY JUST TO PUT IN ENDEAVORS, POCKETS WHO DO? THEY DON'T NEED ANY MORE MONEY.

THEY CERTAINLY DON'T NEED ANY MORE OF OUR MONEY, BUT IT'S GONNA GO IN THEIR, THEIR, THEIR PARTNER'S POCKETS.

AND YOU WON'T EVEN ASK WHO THAT IS.

WHY IS THAT? IS IT BECAUSE THE OBVIOUS ANSWER IS ALMOST CERTAINLY ELON MUSK, TESLA, OTHER DESPICABLE FOLKS.

THANK YOU MR. BUSH, WHO ARE TRYING TO RUN OUR CITY.

THANK YOU, MR. BUNCH.

MS. AMANZA.

GOOD MORNING MAYOR AND CITY COUNCIL MEMBERS.

I'M SUSAN ALMANZA WITH PODER.

AND PODER DOES NOT SUPPORT THE TURS.

WE DO NOT SUPPORT GIVING MILLIONAIRES TO OUR TAX MONEY TO DESTROY THE ENVIRONMENT AND TO DISPLACE PEOPLE.

UH, AND SO WE'RE ASKING, I'M ASKING YOU TO VOTE AGAINST THIS.

WHY, WHY WOULD WE BE GIVING MILLIONS OF DOLLARS TO MILLIONAIRES, BILLIONS OF DOLLARS TO MILLIONAIRES WHEN WE ARE CUTTING PROGRAM SERVICES? THAT DOES NOT MAKE ANY SENSE.

AND WE DO RESPECT COUNCILMAN JOSE VASQUEZ.

DON'T BE FOOLED BY THEIR ATTEMPTS TO SAY THEY'RE GONNA PUT AFFORDABLE HOUSING.

THEY SAY THAT'S 10 TO 15 YEARS DOWN THE ROAD AND IT'S NOT GUARANTEED.

AND EVEN, AND EVEN IF THEY DID BUILD AFFORDABLE HOUSING, IT WOULD BE THE CONTINUATION OF THE 1928 MASTER PLAN.

IT WOULD BE PUTTING LOW INCOME AND MODERATE INCOME PEOPLE AND PEOPLE OF COLOR NEXT TO A POLLUTING MANUFACTURING INDUSTRY.

THAT'S THE CONTINUATION OF THE MASTER PLAN.

WE DON'T WANT THAT.

AND I'M GOING TO END WITH THE CREED PROPHECY THAT SAYS ONLY AFTER THE LAST TREE HAS BEEN CUT DOWN, ONLY AFTER THE LAST RIVER HAS BEEN POLLUTED, ONLY AFTER THE LAST FISH HAS BEEN CAUGHT, ONLY THEN WILL THEY FIND THAT MONEY CANNOT BE EATEN.

PLEASE GO AHEAD, PLEASE.

OH, HELLO.

UM, I REALLY JUST AM SO HONORED TO BE HERE WITH SUSANNA AND BILL, WHO I'VE BEEN FIGHTING ENVIRONMENTAL CAUSES FOR MY WHOLE TIME THAT I'VE LIVED IN AUSTIN.

I THINK THAT I WANNA ECHO THEIR CONCERNS.

UM, MY NAME IS RA AWA.

I'M IN DISTRICT ONE.

UM, MY NEIGHBOR IS ALSO MY COUNCIL MEMBER.

UM, I CALLED MY COUNCIL MEMBER'S OFFICE YESTERDAY ABOUT THIS ISSUE AND ASKED ABOUT WHAT, WHAT THE SITUATION IS WITH THIS VOTE FOR THE JURORS.

AND I WAS DIRECTED TO SPEAK TO HER POLICY STRATEGIST.

AND I, I THANK SEAN FOR LISTENING TO MY CONCERNS.

ALTHOUGH MY OVERALL TAKEAWAY FROM MY CALL IS THAT THEIR OFFICE STILL HAD MANY UNANSWERED QUESTIONS ABOUT THIS POTENTIAL DEVELOPMENT AND THE BENEFITS FOR VOTING FOR THIS TURS AS WELL.

SO I FEEL LIKE MAKING ANY DEFINITIVE VOTES ON THIS TURS NOW IS NOT DEFINED ENOUGH TO JUSTIFY A TAX BREAK OF THIS MAGNITUDE.

I'M ALSO CONCERNED AS TO WHY WE'RE EVEN CONSIDERING A TAX BREAK.

AS, AS MANY HAVE SAID FOR A NEBULOUS FORTUNE 100 COMPANY WHO REFUSES TO BE NAMED AND WHOSE PLANS MAY OR MAY NOT INCLUDE HOUSING.

SHAUNA HAD OFFERED OUT A NUMBER OF 10% AFFORDABLE HOUSING BEING OFFERED, BUT I DIDN'T SEE THAT WRITTEN ANYWHERE, AND I DIDN'T SEE HOW THAT WAS GUARANTEED BY ANY OF THE DEVELOPERS.

AND THEN WHEN ASKED BY COMMISSIONER SHEA, THEY ADMITTED THAT THIS DEVELOPER MAY OR MAY NOT ONE DAY INCLUDE A DATA CENTER AS WELL.

AND THOSE TWO POSSIBILITIES OF AFFORDABLE HOUSING AND THEN POSSIBLY A DATA CENTER OR POSSIBLY A HUNDRED PERCENT COM IMPERVIOUS COVER OF A MANUFACTURING PLANT RIGHT NEXT TO EACH OTHER SEEMED VERY ANTITHETICAL TO EACH OTHER.

I DON'T KNOW ANYBODY IN MY COMMUNITY WHO WANTS TO LIVE NEXT TO A DATA CENTER OR NEXT TO THAT MUCH OF A, A PROBLEM NEXT TO A FLOOD ZONE IN A VERY SENSITIVE ENVIRONMENTAL ZONE.

I WENT TO A MEETING THE SUNDAY LED BY A COALITION OF GROUPS WHO ARE ALSO HERE SPEAKING TODAY.

I MET AND TALKED WITH AND LEARNED FROM NEIGHBORS, AND THERE'S BEEN ZERO TO MINIMAL COMMUNITY ENGAGEMENT BY THE CITY COUNCIL REGARD REGARDING THIS VOTE.

THAT'S EMBARRASSING TO ME.

I FELT BLINDSIDED.

I DIDN'T KNOW ABOUT THIS VOTE, I DIDN'T KNOW ABOUT THIS DEVELOPMENT.

AND THERE'S LITTLE TO NO ZONING RESTRICTIONS ON THIS, DEVELOPERS FOR THE LAND AND NO RESTRICTION ON IMPERVIOUS COVER IN THE SENSITIVE ENVIRONMENTAL ZONE AS SOMEONE WHOSE PROPERTY TAX.

SORRY.

ANYWAY, I WOULD LIKE TO END WITH SAYING THANK YOU FOR LISTENING.

PROJECT NEED TAXPAYER MONEY? THE ENTIRE JUSTIFICATION FOR CREATING THIS TIER IS THAT THE PROJECT SUPPOSEDLY WON'T HAPPEN THROUGH PRIVATE INVESTMENT ALONE, BUT THEN THE CITY'S OWN CONSULTANT TURNS AROUND AND SAYS THE PROJECT IS ECONOMICALLY AND FINANCIALLY FEASIBLE.

WE'LL SWITCH BACK TO REMOTE SPEAKERS, ELIZABETH LEVINS.

UH, PERFECT.

GOOD MORNING, MAYOR AND COUNSEL.

MY NAME IS LISA LEVINS AND I LIVE IN, UM, I LIVE NEAR THE DOGHEAD.

I HAD SPENT THE LAST SEVERAL WEEKS READING THROUGH THE DEVELOPMENT AGREEMENT, THE TS PROPOSAL AND THE ECONOMIC SCABILITY STUDY.

AND AFTER READING ALL OF IT, I KEEP COMING BACK TO ONE QUESTION.

WHY DOES THIS

[00:25:01]

IT DESCRIBES AUSTIN'S ECONOMY AS EXCEPTIONALLY STRONG AND PROJECTS ALMOST 27 BILLION IN TAXABLE VALUE FROM THIS DEVELOPMENT.

SO, WHICH IS IT? THIS IS SUCH A STRONG INVESTMENT.

WHY ARE TAXPAYERS BEING ASKED TO SUBSIDIZE IT? I UNDERSTAND INVESTING PUBLIC DOLLARS WHEN THEY'RE NECESSARY TO MAKE SOMETHING HAPPEN, BUT I HAVEN'T YET.

UH, BUT I HAVE YET TO SEE ANY EVIDENCE THAT THIS DEVELOPMENT WON'T MOVE FORWARD WITHOUT A TEARS.

I HAVEN'T SEEN AN INDEPENDENT ANALYSIS PROVING THERE'S ACTUALLY A FINANCIAL GAP.

WHAT I DO SEE IS A PROPOSAL ASKING THE CITY TO DEDICATE DECADES OF FUTURE TAX REVENUE TO ONE PRIVATE DEVELOPMENT.

I SEE AN INITIAL REIMBURSEMENT OF UP TO 1.5 BILLION WITH LANGUAGE THAT ALLOWS THE CITY AND THE DEVELOPER TO COME BACK LATER AND POTENTIALLY INCREASE THOSE CONTRIBUTIONS.

THAT IS NOT A SMALL DECISION, THAT IS A GENERATIONAL FINANCIAL COMMITMENT.

I'M NOT ASKING YOU TO STOP DEVELOPMENT.

I'M ASKING YOU TO APPLY THE SAME LEVEL OF SCRUTINY TO THIS, TO THIS PROPOSAL THAT EVERY AUSTIN TAXPAYER WOULD EXPECT YOU TO APPLY TO ANY MULTI-BILLION DOLLAR PUBLIC INVESTMENT.

BEFORE YOU VOTE, ASK THE DEVELOPER TO MOVE THIS SUB, UM, ASK THE DEVELOPER TO PROVE THIS SUB CITY IS NECESSARY.

BECAUSE IF THEY CAN'T PROVE THAT, THEN THIS ISN'T ECONOMIC DEVELOPMENT.

IT'S CORPORATE WELFARE.

WE'LL SWITCH BACK TO IN-PERSON SPEAKERS ON ITEM B ONE, CATHERINE BROWN, BEATRICE ANDERSON, RYAN STON, KAYA DENSON.

PLEASE STATE YOUR NAME AND BEGIN SPEAKING.

WHY DON'T WE START HERE AND JUST WE'LL GO DOWN THE WELL, BRIAN AUSTIN, UH, DISTRICT THREE, A LOCAL EDUCATOR.

WELL, YOU'VE ALREADY SIGNED THAT INITIAL CONTRACT WITHOUT ANY INPUT FROM YOUR CONSTITUENTS.

WE'RE REALLY DISAPPOINTED IN YOU.

THAT WAS TERRIBLE.

THIS YOU GAVE AWAY ANY SORT OF REGULATION, ANY ZONING ENFORCEMENT.

YOU GAVE THEM THE LAND ENTIRELY TO DO WHATEVER THEY WANT.

THERE'S NO, THERE'S NO DETAIL TO THAT.

AND WE STILL DON'T HAVE ANY DETAIL.

PLEASE DO NOT SIGN THE TURS CONTRACT ENDEAVOR.

WHAT IN 2023, UH, HAD A PRIVATE EQUITY FUND FOR OVER $600 MILLION TO PUT INTO DEVELOPMENTS JUST LIKE THIS.

THEY DON'T NEED THE MONEY.

THEY HAVE A FORTUNE 100 COMPANY INITIALLY INVESTING.

THEY DON'T NEED THE MONEY.

DO YOU KNOW WHO DOES NEED THE MONEY? THE CITY OF AUSTIN, A ISD WAS JUST HIT WITH $180 MILLION DEFICIT.

IF I, I DON'T THINK I'M WRONG, BUT I THINK WE GET OUR MOST OF OUR FUNDING FOR OUR PUBLIC SCHOOLS THROUGH OUR TAX REVENUE.

THIS IS A MAJOR RESOURCE FOR THAT INVEST IN OUR SCHOOLS BY NOT GIVING AWAY OUR FUTURE REVENUE TO PRIVATE WEALTH.

OF AUSTIN, I THINK THAT ONE THING WHICH HAS REALLY STRUCK ME IN ALL MY YEARS HERE IS WE SHOULD BE LOOKING AT THIS AS A PROBLEM OF THE WHOLE CITY.

PLEASE MA'AM.

HELLO, MY NAME IS DR. CATHERINE BROWN.

UM, MY, I LIVE IN DISTRICT NINE.

MY, UM, FATHER'S HOME IS IN DISTRICT THREE, AND I GREW UP IN EAST AUSTIN ON THE EAST SIDE OF I 35.

UM, I'M 62 YEARS OLD AND I'VE BEEN THROUGH MANY THINGS IN THIS CITY ALSO FROM, FROM FORCED, UM, BUSING THROUGH SEEING MY NEIGHBORHOOD, MY FORMER NEIGHBORHOOD BECOME GENTRIFIED FOR ME.

WHAT I'VE SPOKEN HERE ON PUBLIC HEALTH ISSUES ALREADY RELATED TO LACK OF ASSESSMENTS THAT ARE GOING ON NOW AND THE NEED TO GET SOME BASELINE ASSESSMENTS DONE AND REGULATIONS PUT IN PLACE SO WE UNDERSTAND WHAT WE HAVE NOW AND CAN MITIGATE AGAINST ALL SORTS OF PROBLEMS FROM FLOODING, ECOLOGICAL, AND ECONOMICAL ISSUES THAT COULD COME FROM SIGNING THIS TOURS AS A, AS A LONGTIME RESIDENT

[00:30:01]

NOT A PROBLEM OF WHAT'S IN MY BACKYARD.

I DON'T LIVE IN THAT DISTRICT, SO IT DOESN'T REALLY MATTER TO ME.

MY, SO I KNOW THAT YOU ARE RUNNING ON COMMUNITY ENGAGEMENT.

I THINK MOST OF YOU UNDERSTAND THE IMPORTANCE OF ALL OF THIS AND THE LACK OF ENGAGEMENT WITH THE COMMUNITY THERE, AS I'VE SEEN IN EAST AUSTIN FOR MANY YEARS, HAS BEEN A TRAGEDY IN TERMS OF REALLY TRYING TO MAKE THIS AS, UH, DEVELOPMENT THAT'S GOING TO WORK FOR EVERYBODY.

WHAT DOES IT TAKE TO STAND TOGETHER WITH THE EAST SIDE FOR THOSE OF YOU IN THE PRECINCTS ON THE WEST SIDE, TO SAVE THIS LAND, TO HAVE RESPECT FOR THE PEOPLE WHO LIVE THERE? I'VE LIVED THERE MOST OF MY LIFE.

I UNDERSTAND WHAT IT MEANS.

AND I REALLY THINK THAT YOU NEED TO REASSESS WHERE YOUR VALUES ARE HERE IN TERMS OF WHETHER YOU SIGN THIS TOUR OR NOT.

IT'S NOT JUST A MATTER OF MONEY, IT'S A MATTER OF PEOPLE HERE TO ALL OF US.

GOOD MORNING COUNSEL.

UH, BEATRICE ANDERSON SAVE OUR SPRINGS ALLIANCE.

UH, TODAY I AM URGING YOU TO VOTE NO ON THE UNNECESSARY TOURS ON THURSDAY AND TO GO BACK TO THE DRAWING BOARD WITH THE DEVELOPMENT AGREEMENT UNTIL ONE PROPER ENVIRONMENTAL, INCLUDING FLOOD PLAIN ANALYSIS IS DONE.

AND TWO, THERE IS MEANINGFUL PUBLIC ENGAGEMENT IN BOTH THE DESIGN AND THE OUTCOME OF THIS DEVELOPMENT.

SINCE THIS SEEMS TO BE ONE OF THE BIGGEST SELLING POINTS, I'M GONNA FOCUS ON AFFORDABLE HOUSING.

THERE IS NO REQUIREMENT FOR ENDEAVOR TO BUILD HOUSING.

SO ANY COMMITMENT TO 10% OR 20% AFFORDABLE HOUSING IS ILLUSORY.

20% OF NOTHING IS NOTHING.

AND EVEN IF HOUSING IS BUILT, WHICH PART OF THE FLOODPLAIN WOULD YOU SUGGEST THEY PUT THOSE HOUSES IN? YOUR OPTIONS ARE ZONE AE, HIGH RISK FLOODPLAIN, OR ZONE X MODERATE RISK.

FLOODPLAIN ENDEAVOR HAS THE ABILITY IN ADDITION TO THAT, TO PAVE UP TO A HUNDRED PERCENT OF THAT FLOODPLAIN.

AND WHAT HAPPENS WHEN YOU PAVE IN A FLOODPLAIN AND PLACE A NEIGHBORHOOD THERE? WELL, THE ONION CREEK NEIGHBORHOOD, WHICH WAS IN THE SAME ZONE, AE HIGH RISK FLOODPLAIN, SAW WORSE AND WORSE FLOODS OVER THE YEARS UNTIL THE 2013 FLOOD CLAIMED THREE LIVES CAUSED EXTENSIVE PROPERTY DAMAGE AND DISPLACED THOSE RESIDENT FAMILIES.

THE CITY OF AUSTIN HAD TO PAY $60 MILLION IN ADDITION TO FEMA GRANTS TO BUY OUT THE PROPERTY OWNERS.

AND THAT ENTIRE NEIGHBORHOOD IS NOW PARKLAND WITH ONGOING REFORESTATION AND RESTORATION EFFORTS.

CITY STAFF AT THE TIME SAID THAT A FLOOD LIKE THOSE ONION, LIKE, LIKE THE HALLOWEEN STORM, UM, TENDS TO CLARIFY A CITY'S FLOOD RISK PRIORITIES AND PROMPT COMMUNITY, GOVERNMENT AND POLITICAL ACTION.

SO I HAVE TO ASK, WHAT ARE THE CITY'S FLOOD RISK PRIORITIES? TODAY IS THE POTENTIAL COST OF BUYING OUT THIS AREA AFTER IT FLOODS FACTORED INTO THE FINANCING PLAN.

ENDEAVOR IS NOT OBLIGATED TO PROTECT US.

THAT IS YOUR JOB.

DO NOT BE BLINDED BY THE FRAGILE PROMISE OF A BILLIONAIRE DANGLING THE CARROT OF HOUSING IN FRONT OF YOU THAT TO ALLOW YOU TO REPEAT THE MISTAKES OF ONION CREEK.

GOOD MORNING, COUNSEL.

MY NAME IS KAIA SEN.

I'M A RESIDENT OF DISTRICT TWO IN THE SOUTHEAST CORNER OF THE DOGHEAD PENINSULA.

THERE ARE MANY REASONS WHY THIS ENORMOUS PROJECT IS CONCERNING.

I'M HERE TODAY TO TELL YOU HOW IT AFFECTS ME PERSONALLY.

CARSON CREEK AND ONE OF ITS TRIBUTARIES RUN THROUGH MY FAMILY'S PROPERTY AND SMALL BUSINESS.

OUR LAND HAS BEEN IN MY FAMILY SINCE MY GREAT-GREAT AUNT SIGNED THE DEED IN 1945.

THE STREET WE LIVE ON WAS NAMED AFTER HER HUSBAND SHERMAN.

THE PROPERTY HAS BEEN A WORKING WARTIME FARM, A RENTAL HOME FOR BERGSTROM EMPLOYEES, A SUMMER CAMP FOR GIRLS IN THE SEVENTIES.

AND IN 1980, MY PARENTS TURNED THEIR OASIS INTO A RUSTIC VENUE, SHADY SPRINGS PARTY BARN, WHICH IT STILL IS TODAY.

WE OWN AND OPERATE THE BUSINESS OURSELVES, AND THERE IS ABSOLUTELY NOTHING LIKE IT.

I GREW UP OUT THERE, STILL LIVE THERE, AND WOULD LIKE TO DIE OUT THERE.

GOD WILLING.

I AM DEEPLY TROUBLED BY THE EXTENSIVE EXEMPTIONS AND MODIFICATIONS AROUND FLOODPLAIN, DRAINAGE, STORMWATER, IMPERVIOUS COVER AND MORE.

ON HALLOWEEN 2015, WE WATCHED IN HORROR AS CARSON CREEK RIP THROUGH OUR HANDBUILT BUSINESS.

IT WAS THE FIRST FLOOD SINCE THE DAM WAS BUILT.

THIS COULD BE A REGULAR OCCURRENCE.

IF ENDEAVOR HAS THEIR WAY TO MY UNTRAINED EYE, THE PROJECT PLANS TO PUT A DRAINAGE LINE GOING DIRECTLY INTO CARSON CREEK WATERSHED.

IN ADDITION, THEIR MASSIVE EXPANSION OF DALTON LANE WOULD CREATE SIGNIFICANT RUNOFF.

THE DEVELOPERS SAY THAT NO ONE WOULD BE DISPLACED BY THIS PROJECT, BUT THEY DID NOT DO THEIR RESEARCH.

SHADY SPRINGS IS OUR HOME.

IF FLOODWATERS ARE REGULARLY TEARING THROUGH OUR DANCEHALL AND VENUE GROUNDS, OUR BUSINESS WOULD BE INOPERABLE AND WE WOULD HAVE TO LEAVE.

AND THAT IS DISPLACEMENT.

IT IS NOT SIGNIFICANT.

THAT AMENDMENTS MIGHT BE NEGOTIATED AFTER THE PLAN IS APPROVED.

THAT WILL BE TOO LITTLE, TOO LATE BY DESIGN.

THE ORIGINAL AGREEMENT PROTECTS THE INTEREST OF THE DEVELOPERS AND THEIR INVESTORS FOR THE NEXT 45 YEARS.

WHAT PROTECTS US? THERE IS NO SHORTAGE OF GROWTH OR INTEREST IN AUSTIN, AND THEREFORE, NO REASON TO GIVE HANDOUTS TO ANY PARTY THAT WANTS TO CUT CORNERS AROUND OUR

[00:35:01]

LAWS AND REGULATIONS.

I URGE YOU TO VOTE NO ONUR, OR AT THE VERY LEAST, DELAY A VOTE AND FULLY ADOPT THE ENVIRONMENTAL COMMISSION'S REPORT ON THE PROJECT.

BRIAN ROGERS, NO, ZENOBIA JOSEPH.

CONTINUE ON.

ITEM B ONE, BOBBY LEVINSKY, ROY WHALEY.

BRAD MASSENGILL.

IF YOUR NAME'S BEEN CALLED, PLEASE COME FORWARD.

JOHN DAVIDSON, PLEASE STATE YOUR NAME AND BEGIN SPEAKING.

MAYOR AND COUNCIL.

BOBBY LEVINSKY, SAVE SPRINGS ALLIANCE.

UH, CITY COUNCIL MAY DESIGNATE A REINVESTMENT ZONE ONLY IF IT DETERMINES THAT REDEVELOPMENT WOULD NOT OCCUR SOLELY THROUGH PRIVATE INVESTMENT IN THE REASONABLE FORESEEABLE FUTURE.

ONLY AFTER DETERMINING THAT DO YOU EVEN REACH THE STATU, THE SEPARATE STATUTORY REQUIREMENTS.

SO WHAT'S GOING ON IN THE MARKET? IN QUARTER TWO OF 2026, THERE WAS 5.9 MILLION SQUARE FEET OF INDUSTRIAL DEVELOPMENT UNDER CONSTRUCTION IN THE AUSTIN METRO.

25% OF THAT IS IN THE SOUTHEAST, SOUTHEAST SUBMARKET, WHICH INCLUDES THE DOG'S HEAD.

THAT'S THE MOST OF ANY REGION WITHIN WITHIN AUSTIN.

THE AREA IS CALLED A HOT AREA FOR INDUSTRIAL DEVELOPMENT, WHERE THERE IS A STRONG DEMAND FOR BUILD TO SUIT INDUSTRIAL AND E-COMMERCE DISTRIBUTION FACILITIES.

WELL LOCATED PARCELS, NO MAJOR TRANSPORTATION CORRIDORS AND INTERMODAL FACILITIES, IE AIRPORTS CONTINUE TO ATTRACT INTEREST, PARTICULARLY FOR BUILD TO SUIT AND OWNER OCCUPIED PROJECTS THAT MITIGATE SPECULATIVE EXPOSURE.

IN 2024, CIRAN TECHNOLOGY SIGNED A 413,000 SQUARE FOOT LEASE ON THE DOG'S HEAD NECK AT THE INTERSECTION OF DALTON AND OLD BASTROP HIGHWAY.

THE COMPANY IS QUOTED AS SAYING IT WILL HAVE EVERYTHING THERE FROM HARDWARE AND SOFTWARE ENGINEERING TO FINAL ASSEMBLY AND PRODUCTION.

IT'S OPERATING THERE NOW ACROSS THE COLORADO, ACROSS THE COLORADO RIVER.

THE TESLA GIGAFACTORY IS ALREADY A MASSIVE INDUSTRIAL ANCHOR.

TESLA'S CAMPUS OCCUPIES 2,500 ACRES OF THE RIVER AND INCLUDES ONE OF THE LARGEST MANUFACTURING FOOTPRINTS IN THE REGION.

IT INCLUDES MILLIONS OF SQUARE FEET AND CURRENT OF CURRENT AND FUTURE BUILDING SPACE.

AND ON THE DOG'S HEAD ITSELF, THERE IS ACTIVE LAND CLEARING ACTIVITIES ALREADY OCCURRING FOR AN ADVANCED MANUFACTURING FACILITY WITH AN UNDISCLOSED FORTUNE 100 COMPANY.

UNDER THE BUT FOR TEST, THE THRESHOLD QUESTION IS NOT WHETHER THE PROPOSED ZONE WOULD MAKE DEVELOPMENT EASIER, FASTER, OR MORE PROFITABLE.

IT'S NOT WHETHER THERE WOULD BE A PREFERENCE FOR A CERTAIN KIND OF DEVELOPMENT.

IT'S ONLY BUT FOR THESE PUBLIC SUBSIDIES, REDEVELOPMENT WOULD NOT OCCUR IN THE REASONABLE FORESEEABLE FUTURE.

LARGE SCALE INDUSTRIAL USERS ARE LEASING, BUILDING, AND EXPANDING AND CLEARING LAND IN AND AROUND THE DOG'S HEAD WITHOUT.

THANK YOU SIR.

THE REINVESTMENT ZONE.

MR. MASSENGILL.

I AM BRAD MASSENGILL.

UM, I'M A BOARD MEMBER OF THE SOUTH AUSTIN CREEK ALLIANCE AND I'M ON THE, UH, EXECUTIVE COMMITTEE FOR THE AUSTIN NEIGHBORHOODS, UH, COUNCIL, UH, REPRESENTING FAR SOUTH AUSTIN.

I'M HERE SPEAKING FOR MYSELF.

UH, I HAVE THAT WONDER, DOES THE CITY HAVE A GAMBLING ADDICTION OR, OR WHAT? YOU KNOW, IT'S, UH, AT THE, THIS LAST, UH, PLANNING COMMISSION MEETING, UH, IT WAS POINTED OUT THAT THERE'S ANOTHER CITY COMPETING FOR WHOEVER THIS MYSTERY PERSON IS.

THIS, THIS FORTUNE 100 COMPANY.

WE WE'RE LAYING OUT THE RED CARPET FOR SOMEBODY THAT MAY NOT EVEN SHOW UP.

WE NEED TO SLOW DOWN AND TAKE OUR TIME DOING THIS.

THIS IS NOT SOMETHING THAT'S CASUAL.

THIS IS A WHOLE NOTHER CITY Y'ALL ARE PROPOSING LETTING OCCUR RIGHT ON THE SHORES OF THE COLORADO RIVER.

UM, NDAS ARE BAD BUSINESS.

YOU KNOW, NOIS COUNTY RIGHT NOW IS DEALING WITH A WHOLE LOT OF LEAKAGE OUT OF THAT TESLA PLAN UP THERE BECAUSE THEY SIGNED NDAS AND WE'RE NOT ALLOWED TO TALK ABOUT IT.

IT TOOK CITIZENS, SCIENTISTS GOING OUT THERE AND FINDING THE STUFF AND MAKING REPORTS.

WE CAN'T BE DOING THIS STUFF FROM BEHIND THE, THE PROCESS.

WE NEED TO BE IN FRONT OF IT.

THIS IS NOT, UH, A CASUAL AFFAIR.

YOU KNOW, WHEN I, WHEN I SEE THE DEVELOPER HIGH FIVING CITY STAFF AT A CITY MEETING OVER THIS PROCESS, IT MAKES ME REALIZE SOMETHING'S HAPPENING BEHIND CLOSED DOORS THAT THE PUBLIC DOESN'T KNOW ANYTHING ABOUT.

AND Y'ALL KNOW EVERYTHING ABOUT OR AT LEAST ENOUGH TO BE EXCITED ABOUT.

AND WE'RE NOT EXCITED.

YOU KNOW, THERE'S DIFFERENT KINDS OF EXCITEMENT AND THAT'S NOT WHAT WE'RE FEELING.

YOU KNOW, WE'RE FEELING PANIC.

THIS, THIS IS SELLING OUT AND, AND Y'ALL NEED TO QUIT HANDING OUT, UH, CORPORATE WELFARE.

IT'S NOT OUR JOB.

IT'S NOT OUR AS TAXPAYERS AS CITIZENS, AND AS THE PEOPLE THAT LIVE OUT THERE WHO WAS AT THAT MEETING WITH THAT WERE TOTALLY IGNORED BY STAFF, UH, IT'S GOTTA STOP.

THANK YOU, MR. MASSENGILL.

MY NAME IS BRIAN ROGERS.

I'VE LIVED IN THE SAME HOUSE ON NINTH STREET SINCE 1974.

I'VE BEEN IN THE COMMERCIAL REAL

[00:40:01]

ESTATE BUSINESS FOR OVER 40 YEARS.

20 PLUS YEARS AGO, I SUED THE CITY AND ENDEAVOR OVER THE NEIMAN MALL SHOPPING SUBSIDIES OUT AT THE DOMAIN AND TOOK IT TO THE BALLOT.

NOW, I'M NOT A WRECKING BALL, BUT I SERVED ON THE IMPACT FEE ADVISORY COMMISSION FOR FIVE YEARS.

AND, UH, PRESSED FOR THE CHANGE TO HAVE FULL AND TRUE COST OF ALL IMPACT FEES, WHICH GENERATED THIS WATER UTILITY HUNDREDS OF MILLIONS OF DOLLARS OVER THE LAST TWO DECADES.

NOW, UM, I HAVE LIFE IS, IS, UH, REMAINS A MYSTERY TO ME, BUT SOME THINGS I UNDERSTAND AND I UNDERSTAND HOW THIS DEAL IS, AND I HAVE PUT TOGETHER A, A, A PAPER THAT, UH, HAS PROBLEMS ENHANCEMENTS TO THE, TO THE TURS, WHICH I HAD, UH, DISTRIBUTED.

WELL, THE FIRST THING I'M GONNA START OUT IS CALLED THE $4 MIRACLE.

NOW, KIMBERLY ELVAS, UH, WILL HAVE IN HER PRESENTATION ON PAGE 16, WHAT THE ACTUAL SPINOFF IS TO THE GENERAL FUND OVER THE 35 YEARS.

AND IT'S $133 MILLION AFTER EXPENSES.

OKAY? $133 MILLION SOUNDS GOOD.

BUT THERE'S A MILLION OF US.

SO THAT'S $133 PER PERSON, UH, FOR 35 YEARS.

SO IT COMES OUT TO BE $4 A YEAR IS THE SPINOFF OF THIS PROJECT, THE GENERAL FUND.

THIS PARTICULAR SITE IS EXTREMELY ENVIRONMENTALLY SENSITIVE.

I, I DON'T THINK THAT'S REALLY WHERE WE WANNA BE.

I MEAN, IN THIS BUSINESS, IN THE REAL ESTATE BUSINESS, WHAT WE DO IS WE COUNTER OFFER, OKAY? WE SAY THAT'S NOT GONNA DO.

NOW, PERSONALLY, I'D BE HAPPY TO SAY WE'LL HELP YOU WITH THE BRIDGES THAT LEAD TO THE DOG'S HEAD.

WE'LL HELP BRING YOU UTILITIES TO YOUR, TO THE BORDER OF YOUR SITE.

BUT THEN IT'S A GREENFIELD, JUST LIKE EASTON PARK WAS.

IT WAS 2200 ACRES, WHICH IS THREE EXITS SOUTH OF, OF ON S SH ONE 30.

AND THEY HAD HOW MANY HOUSES? 14,000 HOUSES THERE IN ALL THE RETAIL WITHOUT ANY THANK YOU, MR. ROGERS.

YOU'RE WELCOME.

HI, MY NAME'S JOHN DAVIDSON.

I LIVE IN MONTOPOLIS, UH, RIGHT BY THE DOGS HEAD.

I CAN SEE IT FROM MY HOUSE.

UM, IF Y'ALL PASS THIS TURS, YOU WILL PASS THE FURTHEST UPSTREAM INDUSTRY ON THE COLORADO RIVER IN THE STATE OF TEXAS.

UH, TESLA CURRENTLY HAS THAT DISTINCTION.

NOW DOWNSTREAM OF HERE, UH, UPSTREAM OF HERE, IT'S RESERVOIRS DRINKING WATER, UH, RANCH LAND, SMALL TOWNS, SMALL CITIES.

AS SOON AS IT GETS TO HERE, THE RIVER, THE DAMS ARE UNDONE AND IT RETURNS BACK TO A NATURAL STATE PROVIDING DRINKING WATER FOR THE REST OF THE STATE, UH, PROVIDING AGRICULTURAL WATER FOR THE REST OF THE STATE.

UH, BUT IF Y'ALL PASS THIS BLANKET, NOT EVEN ZONING, UM, TURS UH, INDUSTRIAL PROPERTIES ON THIS SITE, I DON'T CARE, LIKE AN ADVANCED MANUFACTURING FACILITY IS NOT BETTER THAN A DATA CENTER.

THEY'RE, THEY'RE BOTH UNACCEPTABLE FOR THE CITY OF AUSTIN, UH, AND FOR ANYWHERE ELSE FOR THAT MATTER.

SO, I, I JUST, IF YOU WANT YOUR LEGACY TO BE THE LEGACY THAT'S UNDONE 40 YEARS OF, OF, UH, ENVIRONMENTAL IMPROVEMENT AND RESIDENTIAL IMPROVEMENT AND, UH, BETTER BUSINESS CLIMATE FOR ACTUAL BUSINESSES IN THE CITY OF AUSTIN, UM, I MEAN, IT IS JUST AN ABSURD LEGACY TO WANT TO ATTACH YOURSELVES TO FOR, FOR QUESTIONABLE TAX REVENUE.

UH, IT'S ENTIRELY POSSIBLE THAT THIS TUR IS SIGNED UP FOR AND THE, AND THE, UH, TAX REVENUE DOES NOT MEET PROJECTIONS.

AND THE CITY OF AUSTIN'S GENERAL FUND HAS TO PICK UP THE SHORTFALL, WHICH IS ABSOLUTELY IN, IN THE LANGUAGE OF THE TURS.

SO I DON'T SEE ANY SINGLE POINT IN THIS TURS THAT MAKES ANY SENSE AT ALL WHATSOEVER.

SO IT IS GOTTA BE A NO.

CONTINUING ON ITEM B ONE, CAMERON SHAW, MICHELLE TEAGUE.

HELLO, UH, COUNCIL AND MAYOR.

UH, MY NAME IS CAMERON SHAW.

I'M IN D ONE.

AND, UH, I'M HERE TODAY TO ASK YOU TO DELAY OR POSTPONE THIS TURS UNTIL WE HAVE A CHANCE TO REFINE THE PLAN.

UH, THIS DEAL SIMPLY NEEDS MORE TIME.

UH, YOU'VE HEARD ENVIRONMENTAL CONCERNS, FINANCIAL CONCERNS, LEGAL CONCERNS.

THERE'S STILL BIG OPEN QUESTIONS ABOUT AFFORDABILITY, DENSITY, TRANSIT IN ITS CURRENT FORM.

IT DOESN'T GENERATE MEANINGFUL TAX REVENUE FOR 10 TO 15 YEARS.

YOUR OWN ENVIRONMENTAL COMMISSION, THE ONE THAT EACH ONE OF YOU NOMINATED, SOMEONE TO SIT ON, HAS SUBMITTED RECOMMENDATIONS.

AND THEIR OVERALL RECOMMENDATIONS IS

[00:45:01]

TO POSTPONE THIS TURS.

A BILLION DOLLAR COMPANY CAME TO AUSTIN AND ASK, HEY, CAN WE MOVE REALLY FAST? AND WE NEED TO LOOK BACK AND SAY, HEY, LOOK, WE'RE FROM AUSTIN.

THE RIVER IS SACROSANCT.

WE SIMPLY CANNOT MOVE FAST AND BREAK THINGS WHEN IT COMES TO THE COLORADO RIVER.

IF THEY'RE A GOOD FIT FOR AUSTIN, THEN THEY'LL UNDERSTAND THAT, THEY'LL RESPECT THAT.

SO I'M HERE TO ASK NO TURS UNTIL WE HAVE A REAL REGULATING PLAN WITH GUARANTEES FOR HOUSING DENSITY AFFORDABILITY.

200 ACRES SET ASIDE FOR AGRICULTURE.

THIS COULD BE A LAND DEAL, BUT ONCE IT'S GONE, IT'S GONE.

THE TRAVIS COUNTY PLAN FOOD PLAN, IT'S YOUR PLAN, FOLLOW IT.

UM, ASKING FOR 20% OF THE TOTAL AREA BE GREEN SPACE, 520 ACRES OF PARKLAND.

THAT'S HOW MUELLER IS NOT INCLUDING THE CORRIDOR.

RESTORE THE RIVER CORRIDOR SET BACK TO 400 FEET.

YOU REDUCE TRAVIS COUNTY PROTECTIONS OF THE RIVER CORRIDOR WHEN THE, WITH THE ANNEXATION AGREEMENT, REWORK THE STREET GRID, SET ASIDE A RIGHT AWAY FOR THE TRAIN, DON'T PUT IN ROADS AND HAVE US PAY FOR THEM THAT YOU'RE GONNA TEAR UP IN ANOTHER 10 YEARS.

PROHIBIT TOXIC CHEMICALS FROM BEING STORED ON SITE.

THE ENVIRONMENTAL RISK IS SIMPLY TOO GREAT.

IT'S AN ALLUVIAL AQUIFER.

AUSTIN HAS NEVER HAD ONE OF THESE BEFORE.

THE ANNEXATION IN ITS CURRENT FORM.

THIS PROPOSAL DOES NOT DESCRIBE A DENSE, WALKABLE, URBAN DEVELOPMENT IN HARMONY WITH NATURE AND ALIGNED WITH AUSTIN VALUES.

IT'S SOME TYPE OF COMPANY TOWN CORPORATE ENCLAVE.

LET'S SET AN EXAMPLE FOR CENTRAL TEXAS AS WE HAD BEFORE, DELAY THE TURS.

THAT CONCLUDES ALL SPEAKERS.

AS YOU JUST HEARD, THAT CONCLUDES ALL THE SPEAKERS.

UM, MEMBERS,

[B1. Briefing on the development agreement and the creation of Tax Increment Reinvestment Zone No. 21 for approximately 2,645 acres bounded by the Colorado River, US Highway 183, and State Highway 130, in the area generally known as “Dog's Head”. [Kim Olivares, Director - Austin Financial Services]. (Part 1 of 2).]

SO WHAT WE'RE GONNA DO IS NOW GO TO THE BRIEFING AND I'LL RECOGNIZE THE CITY MANAGER.

OR REDEVELOPMENT WITHIN THE ZONE WOULD NOT OCCUR SOLELY THROUGH PRIVATE INVESTMENT IN THE REASONABLY FORESEEABLE FUTURE.

UH, MEMBERS OF COUNCIL, UH, THE NEXT PRESENTATION WILL PROVIDE A HIGH LEVEL OVERVIEW OF THE TAX INCREMENT REINVESTMENT ZONE PROCESS, AND SPECIFIC FINANCING TERMS AS IT RELATES TO THE DOG'S HEAD DEVELOPMENT ITEM ON COUNCIL'S AGENDA, UH, SCHEDULED FOR THURSDAY, JULY 23RD.

I'LL NOW TURN IT OVER, UH, TO KIMBERLY OLIVAREZ, DIRECTOR OF AUSTIN FINANCIAL SERVICES AND TRISH LINK, DIVISION CHIEF IN THE CITY ATTORNEY'S OFFICE.

AND BEFORE, UH, MS. OLIVAR STARTS COUNCIL MEMBERS, WHAT I'M ANTICIPATING WE WILL DO NEXT THURSDAY, THIS COMING THURSDAY, IS WE HAVE SEVEN ITEMS THAT ARE IN ONE WAY OR ANOTHER RELATED TO DOG'S HEAD.

AND WHAT I THOUGHT WE WOULD DO IS SOME OF THEM ARE ON CONSENT.

THEY WILL BE PULLED.

THE ONES THAT ARE ON THE POTENTIAL CONSENT AGENDA, A COUPLE OF 'EM ARE PUBLIC HEARINGS AS WELL.

UH, WHAT I ANTICIPATE WE WILL DO OR NOT ANTICIPATE, WHAT I WILL DO IS I WILL PULL THE ITEMS THAT ARE ON CONSENT, AND WE WILL JUST TAKE UP ALL SEVEN OF THE DOG'S HEAD ITEMS AT ONE TIME.

UM, I MEAN, AS EVERYBODY KNOWS, WE HAVE A, WHAT SOME MIGHT CALL A RIDICULOUSLY FULL AGENDA.

UH, I'M NOT SURE THE MANAGER WOULD, BUT, UM, THAT'S WHAT I WOULD CALL.

UM, BUT IN ANY EVENT, UM, WE HAVE A, WHAT I'LL DO IS I'LL, I'LL GET THOSE PULLED FROM CONSENT, AND WE'LL TAKE THOSE UP ALL AS ONE ITEM, NOT, NOT AS ONE ITEM, BUT AT, AT ONE TIME WHEN WE GET TO THEM.

SO THAT'S, AND THAT'S ALSO FOR THE PUBLIC TO, UH, APPRECIATE WHERE, HOW WE'LL HANDLE THAT.

SO WITH THAT, MS. OLIVAR, GOOD MORNING MAYOR COUNCIL, THANK YOU FOR THE OPPORTUNITY FOR US TO COME BEFORE YOU TO SPEAK ABOUT, UH, THE DOGS OF THE TURS.

BUT BEFORE WE DIG INTO THE SPECIFICS AROUND THE DOGS HEAD PROPOSAL, WE WANTED TO PROVIDE AN OVERVIEW OF WHAT TIFS AND TSS ARE IN GENERAL, BECAUSE IT IS, UH, CAN BE A COMPLICATED, UH, FINANCING MECHANISM.

AND WE WANNA MAKE SURE THAT WE'RE PROVIDING JUST A, A, A GOOD OVERVIEW FOR FOLKS TO UNDERSTAND HOW THE TOOL WORKS.

SO FIRST AND FOREMOST, IS IT A TUR TIF OR IS IT A TS? YOU HEAR THOSE TERMS USED INTERCHANGEABLY.

UH, TAX INCREMENT FINANCING IS WHAT IS ENABLED BY CH TEXAS TAX CODE CHAPTER, THE 11 TO ENCOURAGE ECONOMIC DEVELOPMENT.

UH, THEN A TURS IS THE ACTUAL ZONE THAT YOU HAVE TO CREATE IN ORDER FOR TAX INCREMENT FINANCING TO TAKE PLACE.

SO, TIF, TURS, TOMATO, TOMATO, UH, ONCE YOU ESTABLISH THAT ZONE, ONCE YOU GO START PURSUING TAX INCREMENT FINANCING, THE BASELINE VALUE OF THE PROPERTY IN THAT ZONE IS FROZEN.

SO WHATEVER THE VALUE IS OF THAT PROPERTY ON DAY ONE, THAT IS YOUR BASELINE AMOUNT.

AND AT THAT POINT, TAX REVENUE THAT IS COLLECTED AGAINST THE INCREMENT ABOVE THAT BASELINE AMOUNT IS WHAT CAN BE USED TO, UH, GO BACK TOWARDS PROJECTS WITHIN THE ZONE.

TO SPUR GROWTH, UH, YOU CAN UTILIZE BOTH PROPERTY TAX AND SALES TAX FOR INVESTMENTS.

UH, TYPICALLY IT'S USED FOR INFRASTRUCTURE NEEDS.

THAT IS DEFINITELY HOW THE CITY OF AUSTIN HAS TYPICALLY USED.

IT IS BECAUSE THOSE INFRASTRUCTURE NEEDS ARE PUBLIC ASSETS THE CITY WILL HAVE OWNERSHIP IN AT THE END OF THE DAY.

UH, YOU CAN USE FUNDS FROM A TOURS OUTSIDE OF THE ZONE, BUT THOSE PROJECTS MUST HAVE A DIRECT BENEFIT TO THE ZONE.

THE STATUTORY REQUIREMENTS IN CHAPTER THREE 11, THERE'S THE BUT FOR FINDINGS.

SO IN THIS CASE, THE COUNCIL HAS TO DETERMINE THAT, BUT FOR PUBLIC INVESTMENT DEVELOPMENT

[00:50:01]

THERE'S ALSO A SLATE OF VARIOUS, UH, CONDITIONS TO SUPPORT AURS.

AND SOME OF THOSE, UH, ARE NOTED HERE, SUCH AS THE PRESENT CONDITION, UH, IMPAIRING GROWTH, SUBSTANDARD STRUCTURES, INADEQUATE SIDEWALKS OR STREET LAYOUTS.

UH, UNSANITARY UNSAFE CONDITIONS ARE PREDOMINANTLY OPEN OR UNDEVELOPED.

UH, LAND ALL PROPERTY TAX REVENUE, UH, THAT IS COLLECTED IN THAT ZONE, RETURNS TO THE TAXING ENTITY AFTER ALL THE PROJECT COSTS ARE PAID OFF OR THE DEBT ASSOCIATED WITH THE T HAS BEEN PAID OFF.

UH, NOW, AND WE'LL TALK ABOUT THIS IN A BIT, UH, IN A FUTURE SLIDE, BUT ALSO IT'S, IT'S IMPORTANT TO NOTE THAT THERE ISN'T A HUGE INFLUX OF, OF REVENUE ONCE THE TURS CLOSES BECAUSE ALL THE PROPERTY THAT WITHIN THE ZONE IS CONSIDERED EXISTING VALUE ON THE BOOKS.

SO IT'S SUBJECT TO THE 3.5%, UM, REVENUE, UH, CAP.

SO THERE ARE ALSO PROHI PROHIBITIONS FOR A ZONE UNDER CHAPTER THREE 11.

UH, FOR EXAMPLE, NO MORE THAN 30% OF THE PROPERTY CAN CURRENTLY BE USED FOR RESIDENTIAL PURPOSES.

IT ALSO CREATES, UH, LIMITS ON THE TOTAL ASSESSED VALUE OF THE CITY.

THAT CAN BE IN THE ZONE.

UH, IN THE STATE LAW POPULATIONS OVER A HUNDRED THOUSAND.

YOU CAN'T HAVE MORE THAN 25% OF YOUR AV IN A TIFF ORTS.

UH, AUSTIN TAKES THAT A STEP FUR FURTHER, AND WE SET OUR CAP AT 10%.

UH, OTHER TAXING UNITS ARE NOT REQUIRED TO PARTICIPATE, BUT THEY CAN PARTICIPATE.

UM, ALSO A GOVERNMENT ENTITY CAN CONTRACT WITH AN LGC TO OVERSEE THE PROJECTS AND THE FUNDS, WHICH WE HAVE EXERCISED THAT, UM, THAT CAPABILITY.

SO HOW THE TURS, THE TIFF WORKS OVER TIME.

UH, I, I NOTED WHEN IT'S CREATED THAT BASELINE VALUE IS FROZEN.

SO YOU SEE THAT LIGHT BLUE AREA ON THE BOTTOM.

ALL THE REP PROPERTY TAX OR SALES TAX REVENUE COLLECTED AGAINST THAT BASELINE AMOUNT CONTINUES TO GO TO THE CITY'S GENERAL FUND AND SUPPORT THOSE NEEDS.

UH, THEN THERE'S GROWTH THAT MIGHT COME ABOUT BECAUSE OF, UH, TURS RELATED OR NOTTS RELATED PROJECTS.

SO, UH, THERE'S, BUT THEN YOU SET YOUR INCREMENT, UH, CONTRIBUTION RATE ABOVE THAT BASELINE VALUE TO DETERMINE HOW MUCH YOU WANT TO CONTRIBUTE TO THE ZONE TO SUPPORT THE VARIOUS PROJECTS.

UH, THEN WHEN THE TERM ENDS, THAT IS WHEN THAT TAXABLE VALUE THEN GOES BACK TO JUST THE NORMAL CALCULATION FOR THE GENERAL FUND.

UH, SO ALL OF THAT VALUE REALLY ENDS UP, UH, THEN INCREASING THE DENOMINATOR, SO TO SPEAK.

UH, THAT IS USED TO CALCULATE THE TAX RATE.

SO YOU MIGHT ACTUALLY SEE A SLIGHT DROP IN THE TAX RATE, UH, CITYWIDE WHEN ITTS ENDS.

SO THERE ARE A NUMBER OF STEPS REQUIRED TO ESTABLISH ITTS FIRST, UH, PREPARING THE PRELIMINARY FINANCING PLAN FOR THE ZONE, UH, PUBLISHING A PUBLIC HEARING IN THE NEWSPAPER.

SO THIS LAST WEEK, UH, THERE WAS A NOTICE IN THE STATESMAN, UH, NOTING THE PUBLIC HEARING THAT'LL TAKE PLACE ON THURSDAY.

THEN ACTUALLY HOLD THE HEARING, PROVIDE ALL THE INFORMATION REGARDING THE BOUNDARIES OF THE ZONE, WHAT YOUR, THE PLANS MAY BE FOR BONDING, FOR WHAT TAX PERCENTAGE OF THE TAX INCREMENT WILL BE CONTRIBUTED, ALSO ESTIMATED PROJECT COST.

AND THEN AT THAT POINT, CITY COUNCIL HAS TO TAKE A VOTE ON THE REINVESTMENT ZONE ORDINANCE AND THE BOARD OF DIRECTORS.

THEN THAT ZONE'S BOARD OF DIRECTORS, UH, MOVES FORWARD FOR PREPARING WHAT IS EVENTUALLY THE FINAL PROJECT AND FINANCING PLAN THAT WILL EVENTUALLY BE REVIEWED, UH, AND VOTED ON BY THE CITY COUNCIL.

UH, THERE'S ALSO AN OPPORTUNITY FOR OTHER, UH, GOVERNMENT, UH, TAXING ENTITIES TO JOIN INTO, INTO THE, THE PLAN AND THE PROJECTS.

AND THEY MIGHT DO A CONTRIBUTION.

UH, THEN THE ZONES BOARD OF DIRECTORS HAS TO MAKE RECOMMENDATIONS TO THE COUNCIL ON IMPLEMENTING THE TIF.

AND THEN AS THE, UH, PROJECTS CARRY ON YEAR OVER YEAR, THERE'S A REQUIREMENT OF SUBMITTING AN ANNUAL REPORT WITHIN 150 DAYS TO THE CEO OF EACH TAXING UNIT AND THE STATE COMPTROLLER.

BEYOND THE STATE LAW REQUIREMENTS, THE CITY ALSO HAS ADDITIONAL REQUIREMENTS, UH, WITHIN ITS FINANCIAL POLICIES.

UH, FIRST AND FOREMOST, WE REQUIRE THAT THERE'S PARTICIPATION BY THE PRIVATE SECTOR OR OTHER TAX ENTITIES ON ANY T'S EFFORT WE DO, UH, THE CITY MUST CONDUCT A RIGOROUS BUT FOR ANALYSIS.

UH, WE ALSO KNOW THAT ANY HOUSING DEVELOP THAT DEVELOPMENT THAT IS PART OF THE PROJECT PLAN MUST PROVIDE FOR AT LEAST 20% OF AFFORDABLE HOUSING.

UH, BONDS ISSUED TO FUND THE TIFF ARE ALSO SUBJECT TO VARIOUS COVERAGE TESTS, DEBT SERVICE, RESERVE REQUIREMENTS, AND SO ON.

UH, AND SO I WILL BE COVERING THESE ITEMS FOR THE DOG'S HEAD PORTION AS WELL.

ALSO WANTED TO NOTE EXAMPLES OF OUR EXISTING ACTIVE TURS TS IS WITHIN THE CITY OF AUSTIN.

SO FIRST MILLER, WHICH WAS CREATED IN 2004, UH, IT WAS CREATED TO SUPPORT THE PUBLIC INFRASTRUCTURE FOR THE REDEVELOPMENT

[00:55:01]

OF THE FORMER AIRPORT.

IT WAS CITY OWNED LAND THAT IS IMPORTANT TO NOTE, IT WAS 700 ACRES OF CITY OWNED LAND, AND THAT IS ALSO WHAT LED TO THE EXTENSIVE COMMUNITY INPUT AND PLANNING PROCESS SURROUNDING IT.

THERE ALSO IS AN LGC THAT WAS CREATED TO ISSUE AND MANAGE THE DEBT ISSUANCES.

THE WALL CREEK TOUR WAS CREATED FIRST GRADE IN 2007.

IT HAS BEEN AMENDED A COUPLE TIMES SINCE.

UM, SO IT WAS FIRST CREATED TO FUND THE WALL CREEK TUNNEL, UH, FOR FLOOD CONTROL SAFETY ISSUES.

AND THEN IT WAS AMENDED LATER TO FUND THE CHAIN OF PARKS ALONG WALL CREEK.

UH, THE COUNTY DID PARTICIPATE IN THIS TURS FOR THE TUNNEL PORTION AT A 50% CONTRIBUTION RATE.

THERE'S ALSO AN LGC ASSOCIATED WITH THIS TURS THAT OVERSEES IMPLEMENTATION OF THE CHAIN OF PARKS, PORTION OF THE PROJECT AND FINANCING PLAN.

AND OUR MOST RECENT TURS IS COLONY PARK, WHICH WAS CREATED IN 2022, UH, ALSO CREATED TO SUPPORT PUBLIC INFRASTRUCTURE.

SO NOW MOVING ON TO THE SPECIFICS AROUND THE DOGHEAD TUR PROPOSAL ON THE SITE.

THERE IS VIRTUALLY ZERO INFRASTRUCTURE.

UH, THERE ARE, UH, A FEW ROADWAYS NEAR THE ENTRANCE AND, AND GOING THROUGH, UM, SOME OF THE INTERIOR, BUT OTHERWISE THERE IS LARGELY ZERO INFRASTRUCTURE.

UH, THROUGH THIS TOURS.

IT SUPPORTS A VARIETY OF COMMUNITY ECONOMIC BENEFITS.

FIRST, IT CREATES NEW REVENUE SOURCES.

IT ALSO GIVES US, UH, THE CITY OF AUSTIN THE ABILITY TO ATTRACT MAJOR DEVELOPMENT EMPLOYERS.

UH, ALSO THROUGH THE TOURS IS HOW WE ARE ABLE TO ALSO REQUIRE AFFORDABLE HOUSING IN THE DEVELOPMENT.

UH, THERE'S, IT IS A RECLAMATION SITE OF A FORMER MINING SITE.

UH, THE TURS AND ALL OF THE DEVELOPMENT THAT IS EXPECTED TO TAKE PLACE ON THIS SITE CREATES HUGE OPPORTUNITIES FOR BOTH CONSTRUCTION AND PERMANENT JOBS.

IT ALSO CREATES A SIGNIFICANT OPPORTUNITY TO ADDRESS FOOD AND HEALTHCARE DESERTS IN THE AREA.

UH, THE SURROUNDING AREA, ESPECIALLY IN THE DEL VALLEY AREA, HAS STRUGGLED TO ATTRACT, UH, GROCERS AND THE SORT, UH, SO WITH THIS DEVELOPMENT, UH, AND THE DENSITY IT WOULD CREATE, IT ALSO HELPS ATTRACT THOSE TYPES OF, UH, SERVICE PROVIDERS.

SO THERE'S ALSO BEEN QUITE A CONVERSATION ABOUT WHY NOT JUST DOING A MUD FOR THE, FOR THIS AREA, UH, MUNICIPAL UTILITY DISTRICT, IN ORDER FOR THE, THE SERVICE PROVIDERS, THOSE COMMERCIAL USES LIKE GROCERY AND RETAIL, THAT THE COMMUNITY IS IN GREAT NEED OF.

YOU HAVE TO HAVE DENSITY, YOU HAVE TO HAVE A SIGNIFICANT LEVEL OF DENSITY.

UM, IF THIS WERE BE DEVELOPED AS A MUD, THE PROJECT REVENUES ARE WHOLLY INSUFFICIENT TO SUPPORT THE INFRASTRUCTURE THAT IS REQUIRED TO SUPPORT THAT LEVEL OF DENSITY.

IT WOULD BE LARGELY SINGLE FAMILY HOMES.

SINGLE FAMILY HOMES CREATE A MUCH HIGHER LEVEL OF SERVICE LEVELS, UH, AND THEREFORE OPERATING COSTS.

BY INCREASING THE DENSITY, BY INCREASING THE INFRASTRUCTURE TO SUPPORT THAT DENSITY, YOU'RE ABLE TO ACHIEVE A MUCH BETTER DEVELOPMENT THAT ACTUALLY SERVES OUR COMMUNITY'S NEEDS IN THE AREA AND HAS A BETTER, UH, ROLE IN ECONOMIC DEVELOPMENT.

THE TS PROPOSAL, SO LARGE SCALE DEVELOPMENTS LIKE THIS, THEY INCLUDE PUBLIC FINANCING.

THIS IS NOTHING NEW.

UH, IN ORDER TO SUPPORT THE MAJOR INFRASTRUCTURE, THIS IS THE SAME APPROACH WE USE FOR MILLER AND CONEY PARK.

GRANTED, THOSE WERE CITY OWNED LAND, BUT STILL REQUIRED PUBLIC FINANCING TO SUPPORT THE MAJOR INFRASTRUCTURE TO PUT IN THOSE, THE SPINES, UH, WHEN IT, OF THE, THE DEVELOPMENT INFRASTRUCTURE, INCLUDING LIKE THE MAJOR ROADWAYS, THE MAJOR WATER WASTE WATER LINES, UM, OTHER EXAMPLES YOU WILL SEE DEVELOPERS UTILIZE PIS OR MUDS, BUT THOSE ARE ALSO USED IN VERY LOW DENSITY DEVELOPMENT.

AND IT'S VERY MUCH DOMINATED BY SINGLE FAMILY HOMES.

THE DOG'S HEAD TURS IS NOT A SUBSIDY, IT IS NOT A TAX INCENTIVE.

IT WILL REIMBURSE THE COST OF PUBLIC INFRASTRUCTURE ASSETS.

THE CITY WILL OWN THE REVENUES THAT ARE ALSO GENERATED WITHIN THE ZONE TO INVEST IN THOSE ASSETS.

THIS IS, AGAIN, NOT A SUBSIDY AND NOT A TAX INCENTIVE.

THE DEVELOPER WILL ONLY RECEIVE FUNDS ON A REIMBURSEMENT BASIS AND THE TURS WOULD TERMINATE AT THE END OF 2061.

SO SOME UPDATES, 'CAUSE WE'VE BEEN HAVING MULTIPLE CONVERSATIONS ABOUT THIS PROJECT HERE AND AT THE COUNTY.

UH, SO RIGHT NOW THE CURRENT VALUE OF ENTIRE LAND AREA IS APPROXIMATELY 17 MILLION.

UH, ARE CONSERVATIVE ESTIMATES.

AND I THINK IT'S IMPORTANT TO NOTE THOUGH THEY'RE CONSERVATIVE ESTIMATES BECAUSE IT, IT IS MUCH BETTER FOR AURS TO UNDER PROMISE AND OVER DELIVER THAN THE REVERSE.

SO THE CONSERVATIVE ESTIMATES INDICATE OVER 26 BILLION IN PROPERTY VALUE BY 2061.

BUT THAT IS ASSUMING THE INFRASTRUCTURE INVESTMENTS.

UH, IT ALSO IN INCLUDES GREATER LEVELS OF BUILDOUT.

UH, THAT TAX REVENUE GENERATION WILL BEGIN TO ACCELERATE

[01:00:01]

SIGNIFICANTLY IN THE MID 2030S.

SO THE PROPOSED CITY CONTRIBUTION RATE, BOTH PROPERTY AND SALES TAX WOULD BE 75% FOR THE FIRST 20 YEARS AND 66% FOR THE FINAL 15 YEARS.

NO OTHER GENERAL FUND REVENUE TYPES ARE PROPOSED TO FUND THE ZONE OR SO THINGS LIKE, UH, VARIOUS FEES, MIXED BEVERAGE HOT, ALL OF THOSE THINGS, NONE OF THOSE ARE CONTEMPLATED FOR UTILIZATION IN THIS HEARSE.

UH, WE HAD PRE REQUESTED THAT THE COUNTY PARTICIPATE AT A 50% CONTRIBUTION RATE.

THEY HAVE NOT TAKEN ACTION ON THAT AT THIS POINT.

UM, HAD THEY TAKEN ACTION THAT WOULD'VE ADDED ANOTHER $520 MILLION FOR PUBLIC INFRASTRUCTURE INVESTMENT, UM, WITHOUT THEIR PARTICIPATION, UH, WE WOULD LIKELY BE HEADED DOWN A PATH WHERE THE DEVELOPER WILL HAVE TO REDUCE ITS SCOPE THAT WILL ALSO NEGATIVELY IMPACT OPPORTUNITIES TO ADJUST REGIONAL ABILITY AND COMMUNITY NEEDS.

UH, SO WE ARE VERY HOPEFUL THAT THE, THE COUNTY ULTIMATELY DOES DECIDE TO PARTICIPATE IN THIS.

THEY, AND AS I NOTED IN THE OVERVIEW OF TIF TURS STEPS, UH, THEY DO HAVE THAT OPPORTUNITY TO, UH, TO JOIN INTO THE PROJECT AND FINANCING PLAN AS PART OF THE FINAL PLAN.

SO THIS TURS EXPECTED TO SUPPORT APPROXIMATELY 20% OF OVERALL ESTIMATED INFRASTRUCTURE COST.

THAT MEANS THE DEVELOPER IS RESPONSIBLE FOR THE REMAINING COST.

I'D ALSO WANNA STRESS AGAIN THAT THE DEVELOPER IS HAVING TO SPEND MANY HUNDREDS OF MILLIONS BEFORE THEY WILL EVER SEE ANY PENNY OF REIMBURSEMENT FOR THOSE PUBLIC INFRASTRUCTURE NEEDS.

SO BONDS WILL BE ISSUED BY A LOCAL GOVERNMENT CORPORATION ONLY ONCE REVENUES ARE SUFFICIENT TO SUPPORT DEBT SERVICE AND OTHER EXPENSES.

UH, SO I HAVE IN THIS TABLE, THERE'S, THERE'S TWO SETS OF CONDITIONS.

SO EARLY ON IN THE TS, UH, THERE THE BONDS WOULD BE SECURED BY BOTH THE TS REVENUES AND A CITY APPROPRIATIONS CREDIT ENHANCEMENT.

THIS IS EXACTLY WHAT WE DID FOR MILLER.

IT, THAT THAT CREDIT ENHANCEMENT IMPROVES BOND MARKETABILITY, BUT THE LIKELIHOOD OF THAT ENHANCEMENT THAT BACKSTOP EVER BEING TRIGGERED IS INCREDIBLY LOW BECAUSE OF ALL THE OTHER ISSUANCE CONDITIONS THAT WE INCLUDE.

SO FOR EXAMPLE, NO DEBT WILL BE ISSUED WHATSOEVER UNTIL IT CAN REACH A DEBT SERVICE COVERAGE LEVEL OF A ME OF MINIMUM ONE, ONE TIMES COVERAGE.

THEY WILL ALSO HAVE A DEBT SERVICE RESERVE FUND REQUIREMENT PER STATE AND FEDERAL LAW.

THERE WILL ALSO BE A STABILIZATION ACCOUNT, UH, WITH, UH, BETWEEN 1.25 MILLION AND $5 MILLION IN FUNDS.

AND THE CITY MUST CONSENT TO ALL ISSUANCES.

THERE ARE SIGNIFICANT PROTECTIONS PUT IN PLACE, UH, FOR THE CITY FOR THESE ISSUANCES, BUT ALSO THE FINANCIAL GUARDRAILS THAT WE HAVE INCLUDED IN THIS AGREEMENT ARE ALSO ARE EQUALLY SIGNIFICANT.

AND THAT CREDIT ENHANCEMENT ALSO ONLY APPLIES FOR UP TO $275 MILLION IN BONDS.

OR AS SOON AS THEY'RE ABLE TO ACHIEVE A SINGLE A RATING THAT CREDIT RATING, ONCE THAT 2 75 OR THAT SINGLE A RATING HAS BEEN ACHIEVED, THEN THAT'S WHEN WE SHIFT TO BONDS SECURED BY THE TS REVENUES ONLY.

SO IN THAT CASE, BONDS WILL ONLY BE ISSUED IF DEBT SERVICE COVERAGE RATIO IS AT 1.25 TIMES AND THERE STILL WILL BE A DEBT SERVICE RESERVE FUND AND CITY CONSENT WILL STILL BE REQUIRED FOR ALL ISSUANCES.

WE HAVE SET THIS UP TO CREATE SIGNIFICANT PROTECTIONS FOR BOTH THE CITY AND THE TURS AS A WHOLE TO ENSURE THAT THE FISCAL HEALTH IS MAINTAINED THROUGHOUT THE LIFE OF THE TS, THE ROLE OF THE LOCAL GOVERNMENT CORPORATION.

IT WILL BE RESPONSIBLE FOR OVERSIGHT OF THE IMPLEMENTATION OF THE PROJECT FINANCING PLAN, AS WELL AS MANAGEMENT OF TS F AND DEBT ISSUANCES AS A LOCAL GOVERNMENT CORPORATION THAT IS SET, IT'S SET UP UNDER TEXAS TRANSPORTATION CODE CHAPTER 4 31.

THAT LGC IS SUBJECT TO OPEN MEETINGS.

IT THERE IS A SIGNIFICANT TRANSPARENCY REQUIREMENT.

UH, THE MILLER, LGC IS A BODY THAT MEETS UNDER THE PUBLIC OPEN MEETINGS REQUIREMENTS, AS DOES THE WALL CREEK LGC.

UH, IN FACT, THERE IS A MEETING ON FRIDAY FOR THE WALL CREEK LGC IN THIS, IN THESE CHAMBERS.

UH, THE MEMBERSHIP AS PROPOSED WOULD BE THREE GOVERNMENT REPRESENTATIVES AND THREE DOGS, HEAD REPRESENTATIVES.

THERE'S ALSO BEEN QUITE A BIT OF CONVERSATION ABOUT THE OPERATING BUDGET IMPACT.

SO, UH, FIRST I'VE NOTED HERE THE ASSUMPTIONS THAT WERE USED BASED ON THE SELLOUT SCHEDULE THAT THE DEVELOPER HAS PROVIDED, WHICH INCLUDES SIGNIFICANT RESIDENTIAL DEVELOPMENT.

THE POPULATION IS ESTIMATED TO BE APPROXIMATELY 25,000 PEOPLE AT FULL BUILD OUT.

SO AS WE'RE DETERMINING THE OPERATING BUDGET IMPACT, THE COSTS THAT WE LOOK AT INCLUDE PERSONNEL, VEHICLES, AND EQUIPMENT, AS WELL AS FACILITY OPERATIONS AND MAINTENANCE.

SO, UH, WE'RE NOT JUST LOOKING AT PEOPLE, WE'RE ALSO HAVING TO REALIZE IT TAKES DOLLARS TO, TO OPERATE AND MAINTAIN THOSE STATIONS.

SO THERE'S HVAC, THERE'S CUSTODIAL REQUIREMENTS,

[01:05:01]

ALL OF THOSE SORT OF THINGS.

UH, SO WE WORKED WITH EACH OF THE DEPARTMENTS INVOLVED IN THOSE EFFORTS AND CAME BACK WITH POLICE ESTIMATES WITH THAT PRE THAT, UH, POPULATION ESTIMATE THAT AT FULL BUILD OUT THERE WOULD BE APPROXIMATELY 50 NEW SWORN PERSONNEL THAT, BUT THEY WOULD BE ADDED OVER TIME, UH, FOR FIRING EMS. UH, THEY, THE ESTIMATE WAS A STATION WE'D BE REQUIRED AROUND 20 48, 20 49 TIME PERIOD, WHICH WOULD REQUIRE 16 FIRE PERSONNEL AND 12 EMS PERSONNEL.

UH, SO BASED ON ALL THAT INFORMATION, I CAN YOU SEE HERE IN THE FIRST COLUMN, WHAT IS, WHAT ARE THE NEW GENERAL FUND DOLLARS THAT WOULD BE GENERATED? UH, AND SO THIS IS AFTER CONTRIBUTIONS TO THE TS FOR PUBLIC INFRASTRUCTURE REIMBURSEMENTS.

THEN THE SEC, THE THIRD COLUMN IS WHAT ARE THE ESTIMATED OPERATING COSTS ASSOCIATED WITH THE ASSUMPTIONS LISTED OUT ON THE LEFT? AND THEN THE FINAL COLUMN IS THE OVER UNDER, HOW MUCH ADDITIONAL GENERAL FUND, UH, DOLLARS ARE AVAILABLE ONCE THOSE PUBLIC SAFETY COSTS ARE, ARE, ARE, ARE MET.

NOW, THE REASON WHY OUT WE HAVE THAT OVER IN THIS CASE, THE ADDITIONAL FUNDS IS IT'S MUCH HARDER TO PROJECT WHEN WE MIGHT REQUIRE A BRANCH LIBRARY OR IF THE COMMUNITY IN THAT AREA MIGHT WANT A REC CENTER OR ANY THINGS LIKE THAT.

SO WE WANTED TO MAKE SURE THAT WE ARE NOT ONLY VERY MUCH COVERED ON PUBLIC SAFETY COSTS, WHICH ARE MUCH MORE STRAIGHTFORWARD TO PROJECT, UH, BUT ALSO WOULD BE COVERED ON ANY OTHER COSTS FOR OTHER SERVICES THAT THE COMMUNITY MIGHT DESIRE IN THAT AREA OF TOWN.

SO WITH THAT OVER, THAT DOES PROVIDE $133 MILLION OF, UH, PROPERTY AND SALES TAX.

AGAIN, THAT'S NOT ACCOUNTING FOR WHAT THE REVENUES MIGHT BE RELATIVE TO HOT FEES, THINGS TO THAT EFFECT.

SO ADDITIONAL UPDATES AND SOME CLARIFICATIONS.

UM, THERE'S ALSO BEEN QUITE A, A BIT OF CONVERSATION ABOUT THE RISKS OF DISPLACEMENT IN THE AREAS SURROUNDING DOG'S HEAD.

UH, WE HAVE BEEN WORKING CLOSELY WITH THE DEVELOPER AND EVERYONE RECOGNIZES THAT THERE, THERE IS A RISK FOR DISPLACEMENT AND GENTRIFICATION THAT CAN BE ACCELERATED BY NEW DEVELOPMENT.

AS A RESULT, THEY HAVE AGREED TO FUND A COMMUNITY NEEDS ASSESSMENT TO DEVELOP THIS AFFIRMATIVE PLAN TO ENSURE THAT THE ASSISTING SURROUNDING COMMUNITY IS PROTECTED.

SO THE FIRST, THE 20% AFFORDABLE HOUSING REQUIREMENT, THE FIRST 10% WOULD BE ADDRESSED BY UNITS.

THE NOW, AGAIN, THE THE DEVELOPMENT IS, WHILE THE DEVELOPMENT AGREEMENT DOESN'T REQUIRE HOUSING, THE SELLOUT SCHEDULE ABSOLUTELY CONTEMPLATES SIGNIFICANT HOUSING.

SO THERE WOULD BE UNITS ASSOCIATED WITH THAT.

IF THEY DO NOT ABIDE BY THOSE, THOSE REQUIREMENTS, IT DOES TRIGGER AN EVENT OF DEFAULT.

SO WE'VE ALSO BUILT PROJE PROTECTIONS FOR THE CITY INTO THE DEVELOPMENT AGREEMENT FROM THAT PERSPECTIVE AS WELL.

THE SECOND 10% IS WHERE WE SEE THE BIGGEST OPPORTUNITY FOR US TO ADDRESS THE POTENTIAL DISPLACEMENT RISKS AS WELL AS LOWER M MFIS.

SO PER THE FINANCIAL POLICY TO 16 80% OF MFI, THAT WOULD BE ASSOCIATED WITH THE FIRST 10% OF UNITS, THAT SECOND 10%.

USING THE DATA THAT WOULD BE COLLECTED FROM THIS ASSESSMENT, WE'D BE ABLE TO MORE EFFECTIVELY ADDRESS THAT SECOND 10% AND THE SURROUNDING COMMUNITY.

BY UNDERSTANDING THE DEMOGRAPHICS, THE ECONOMICS, THE HOUSING COST BURDEN, WE'RE ABLE TO LOOK AT HOUSING AFFORDABILITY AS OPPOSED TO JUST PURE AFFORDABLE HOUSING UNITS.

WE'RE ABLE TO BE MORE COMPREHENSIVE AND HOLISTIC WITH HOW WE MIGHT ADDRESS DISPLACEMENT IN THE AREA.

THERE'S ALSO BEEN QUITE A BIT OF DISCUSSION ABOUT LABOR STANDARDS.

SO THE DEVELOPER HAS AGREED TO VARIOUS STANDARDS TO REDUCE PROJECT RISK, IMPROVE JOB SITE SAFETY, SUPPORT PREDICTABLE SCHEDULING, AND STRENGTHEN THE WORKFORCE PIPELINE.

UH, SO THROUGH THE STANDARDS, THEY WILL, UH, UTILIZE PREVAILING WAGES ON ALL JOB CLASSIFICATIONS.

THERE WILL BE OSHA 10 AND OSHA 30 SAFETY TRAINING, WORKERS' COMP, REGISTERED APPRENTICESHIPS ON THE JOB TRAINING ON A PARTNERSHIP WITH THE AUSTIN INFRASTRUCTURE ACADEMY, AS WELL AS RESPONSIBLE CONTRACTOR STANDARDS.

THESE COMPONENTS WE WILL INCORPORATE INTO THE FINAL PROJECT AND FINANCING PLAN.

BECAUSE THE TS IS FOCUSED ON PUBLIC INFRASTRUCTURE, IT MAKES MOST SENSE FOR US TO INCORPORATE THESE LABOR STANDARDS AS PART OF THAT FINAL AGREEMENT.

AND NOW I'LL PASS IT OVER TO TRISH TO HANDLE THE DEVELOPMENT TOPICS TRISH SLINK WITH THE LAW DEPARTMENT ASK.

SO, UH, COUNSEL APPROVED THE DEVELOPMENT AGREEMENT ON MAY 21ST, AND THE DOGHEAD AREA WAS ANNEXED EFFECTIVE ON JUNE 1ST.

UM, AS WE ALL KNOW, THERE IS A FIRST USER WHO HAS ALREADY BEGUN THE PERMITTING PROCESS.

UM, THEY ARE CONSTRUCTING AN ADVANCED MANUFACTURING FACILITY, PLUS THE RELATED UTILITIES.

UH, RIGHT NOW, DOGS HEAD, UM, THE DEVELOPER IS IN THE PERMITTING PROCESS TO

[01:10:01]

CONSTRUCT SOME PUBLIC INFRASTRUCTURE.

THERE'S DOING SOME WORK ON DALTON LANE AND PATTON AVENUE.

UH, NEXT STEPS FOR THEM ARE TO CONSTRUCT INFRASTRUCTURE, SECURE ADDITIONAL USERS FOR DEVELOPMENT AND USES BASED ON MARKET DEMAND AND CONDITIONS.

AND WE EXPECT THEIR USES BASED ON THEIR SELLOUT SCHEDULE TO BE SINGLE, FAMILY, MULTIFAMILY, INDUSTRIAL, RETAIL, OFFICE, AND HOSPITALITY.

UM, THERE'S BEEN A LOT OF CONVERSATION AND CONCERN ABOUT THE ENVIRONMENTAL SIDE OF THE DEVELOPMENT AGREEMENT.

SO I WANNA WALK THROUGH A LITTLE BIT OF THAT WITH YOU HERE TODAY.

SO IN THE DEVELOPMENT AGREEMENT, UM, WE HAVE, UM, I FOCUSING ON SIX PARTICULAR AREAS HERE.

UH, THE STARTING PLACE THOUGH, FOR THE DEVELOPMENT IN DOG'S HEAD IS THE LAND DEVELOPMENT CODE AS IT EXISTED ON MAY 21ST, 2026.

FROM THERE, THE DEVELOPMENT AGREEMENT MODIFIED EXISTING CODE.

SO FOR, UM, THE LAND DEVELOPMENT CODE, IF YOU NEED A VARIANCE, YOU GO THROUGH THE BOARDS AND COMMISSIONS PROCESS.

UNDER THE DEVELOPMENT AGREEMENT, IT IS ADMINISTRATIVE EXCEPT FOR ZONING, AND THAT IS A STATE LAW ISSUE.

UM, WE ALSO HAVE A CRITICAL WATER QUALITY ZONE.

SO IN CITY CODE FOR THIS PARTICULAR AREA, IT RANGES BETWEEN 200 AND 400 FEET.

AND IN THE DEVELOPMENT AGREEMENT IT'S 200.

UM, CUT AND FILL WAS ALSO MODIFIED AS PART OF THIS AGREEMENT.

UH, THE MAX CUT AND FILL IS FOUR FEET EACH.

AND EXCEPT WITHIN THE CRITICAL WATER QUALITY ZONE, IT IS NOT SUBJECT TO THOSE FOUR FEET LIMITATIONS.

WE ALSO, UH, MODIFIED THE DRAINAGE AREA UNDER OUR, UH, DRAINAGE CRITERIA MANUAL.

THE AREA OF DRAINAGE AT 64 ACRES AND THE DEVELOPMENT AGREEMENT WERE FOLLOWING A FEMA STANDARD OF 640.

UH, FLOODPLAIN WAS ALSO MODIFIED, UH, SORRY, FLOODPLAIN MODIFICATIONS WERE ALSO MODIFIED.

THAT'S MODIFIED TOO MANY TIMES.

UM, UNDER OUR CODE, THOSE MODIFICATIONS ARE ONLY ALLOWED BASED ON THE STANDARDS ESTABLISHED IN CITY CODE AND THE ECM UNDER THE DEVELOPMENT AGREEMENT.

THOSE MODIFICATIONS CAN BE APPROVED WITHOUT DEMONSTRATING AN ENVIRONMENTAL BENEFIT, BUT CANNOT CREATE AN ADVERSE IMPACT.

SO, IN OTHER WORDS, THEY CAN'T, UH, MODIFY THE FLOODPLAIN TO FLOOD SOMEONE ELSE'S PROPERTY.

UM, I ALSO WANNA TALK ABOUT IMPERVIOUS COVER.

I KNOW THAT IS A, UH, BIG ISSUE, UM, UNDER A LAND DEVELOPMENT CODE, UH, BASED ON THE USE.

AND IN THIS AREA, THE WATERSHED IMPERVIOUS COVER IS BETWEEN 50% AND 80%.

UM, AND IN ZONING, IF WE WERE TO APPLY COMMERCIAL SERVICES ZONING TO THIS PROPERTY, UH, THE SITE SAYS 90, BUT ACTUALLY I'VE BEEN CORRECTED IT IS 95% UNDER THE DEVELOPMENT AGREEMENT, THE MIXED USE DEVELOPMENT SITES.

SO ESSENTIALLY WHERE THEIR VERTICAL CONSTRUCTION'S GOING TO OCCUR, THAT IS A HUNDRED PERCENT IMPERVIOUS COVER.

THE OPEN SPACE, UM, IS LIMITED TO 20%.

SO I'LL JUST WALK YOU THROUGH THE NEXT STEPS.

UM, OBVIOUSLY ON THURSDAY, WE, YOU WILL CONSIDER CREATING THE, UH, TARS AND WE'LL HAVE THAT PUBLIC HEARING.

UM, YOU WILL VOTE ON TS CREATION AND THE PRELIMINARY PROJECT AND FINANCING PLAN, UM, BY AUGUST 4TH.

OUR GOAL IS TO FINALIZE THE FINANCING AGREEMENT.

UM, WE WILL BE BRINGING FORWARD A REGULATING PLAN AND AN AMENDMENT TO THE A SMP, UM, IN THE FALL.

UM, BOTH OF THOSE WILL HAVE, UH, TURNS AT PLANNING COMMISSION.

UM, THE MOBILITY A SMP AMENDMENT WILL ACTUALLY GO TO THE URBAN TRANSPORTATION COMMISSION AS WELL.

AND BOTH OF THOSE WILL BE VOTED ON BY COUNCIL.

UM, IN MARCH, 2027, WE EXPECT TO CREATE THE LGC AND FOR COUNCIL TO VOTE ON THE FINAL PROJECT AND FINANCING PLAN.

DR. JOHNSON, YOU, YOU, YOU LOOK LIKE YOU WANNA SAY SOMETHING.

1145, WE WILL BREAK TO HAVE THE EXECUTIVE SESSION.

THANKS.

UH, MAYOR WATSON, COUNCIL MEMBERS, THERE'S BEEN A LOT OF QUESTIONS CIRCULATING AND SPECULATIONS ABOUT THE USER.

SO I WANTED TO TAKE THIS OPPORTUNITY TO, UM, SAY WHO THE USER IS.

THE USER FIRST USER IS AMAZON, UM, ADVANCED MANUFACTURING FOR ROBOTICS FOR AMAZON INTERNAL USE.

SO I JUST WANTED TO CLARIFY THAT 'CAUSE THERE'S A LOT OF SPECULATION OUT THERE ABOUT THE USER.

SO I WANTED TO USE THIS OPPORTUNITY TO SAY WHO THE USER IS.

THANKS, MS. MAYOR.

THANK YOU MEMBERS.

UM, Y'ALL HAVE COMPLETED YOUR BRIEFING.

GOOD.

UH, MEMBERS, WHAT WE'LL DO IS WE'LL GO TO QUESTIONS FROM, UH, US.

UH, MY ANTICIPATION IS THAT WHAT WE'LL DO IS, UH, INDICATED THAT WE'LL GET TO A POINT WHERE WE, IN ORDER TO HAVE, UH, COUNSEL HERE, WE, I MEAN LEGAL COUNSEL, UH, WE WILL GO INTO AN EXECUTIVE SESSION.

MY THOUGHT WOULD BE TO MANAGE OUR TIME IS THAT WE WOULD HAVE DISCUSSION ON THE DAIS WITH, UH, STAFF UNTIL AROUND 1145.

AND THEN AT

[01:15:01]

IF WE'RE NOT FINISHED, OF COURSE, WE WILL COME BACK AND, AND, AND FINISH AT THAT POINT IN TIME.

SO, UH, AS SOME OF YOU INDICATE HAVE ALREADY, UH, INDICATED, IF YOU WANT TO ASK QUESTIONS OR YOU WANNA SAY SOMETHING AS PART OF THIS WORK SESSION, LET ME KNOW HERE.

BUT I'D LIKE TO, IF YOU DON'T MIND, I'LL START WITH A COUPLE OF QUESTIONS.

UM, FIRST I WANT TO GO BACK, UM, TO WHAT WE, YOU, UH, YOU WERE TALKING ABOUT THE, THE CRITICAL WATER QUALITY ZONE, UM, BECAUSE YOU'VE INDICATED THAT IT'S 200.

BUT IN MY DISCUSSIONS WITH ENDEAVOR, AND I THINK OTHER MEMBERS, UH, HAVE PROBABLY HAD HAD DISCUSSIONS WITH ENDEAVOR, IS THAT THEIR, UH, WHILE THE ORIGINAL PROPOSAL AND WHAT WE'VE DEBATED AND DISCUSSED AND HAS GOTTEN US TO THIS POINT WAS, AS YOU INDICATED, UH, THAT THE CRITICAL WATER QUALITY ZONE ADJACENT TO THE COLORADO RIVER UNDER OUR CODE IS 200 TO 400.

AND THEY, THEY ORIGINALLY, OR WE ORIGINALLY, HOWEVER IT CAME TO US, WAS A STATIC 200 FOOT MINIMUM THAT THEY ARE WILLING TO, AFTER DISCUSSIONS AND NEGOTIATIONS, UH, ENDEAVOR IS, IS WILLING TO AGREE, AND WE WOULD AMEND WHATEVER WE DO IN THIS.

UH, INSTEAD OF A STATIC 200 FOOT MINIMUM, IT WOULD BE A, IT GETS IT COMPLICATED, BUT IT'S A 200 MINIMUM OF 200 FEET FROM THE ORDINARY HIGH WATERMARK.

UH, AND THEN YOU GET INTO FLOODPLAIN AND THAT KIND OF THING.

BUT THE BOTTOM LINE TO IT IS, IS THAT THE CRITICAL WATER QUALITY ZONE WILL BE EQUAL TO OR GREATER THAN 300 FOOT, A 300 FOOT MINIMUM.

UH, SO THAT WHAT WOULD HAPPEN IS YOU WOULD HAVE A MINIMUM OF 200 FEET, BUT IN SOME INSTANCES IT WOULD EXCEED 400 FEET.

IS THAT CORRECT? THAT, EXCUSE ME.

THAT IS WHAT WE UNDERSTAND, MAYOR.

WELL, THAT'S CERTAINLY BEEN THE IMPRESSION I I'VE HAD FROM MY DISCUSSIONS, AND I JUST WANT EVERYBODY TO KNOW, UM, SINCE WE'RE WE'RE BRIEFING THIS AND GETTING, UH, THESE OUT IN THE OPEN.

UM, THE OTHER THING IS THAT THERE HAS BEEN A LOT OF DISCUSSION ABOUT THE IMPERVIOUS COVER AND AS, AS YOU ALL POINTED OUT IN YOUR BRIEFING TOO, AND I WANNA MAKE SURE THAT, THAT IF, IF I'M GETTING THIS WRONG, I I WANT TO HEAR ABOUT IT.

BUT AGAIN, IN MY DISCUSSIONS WITH ENDEAVOR, AND I'M, I'M CONFIDENT THERE ARE OTHER, UM, MEMBERS THAT HAVE ALSO BROUGHT THESE THINGS UP, IMPERVIOUS COVER, UH, THAT, THAT THEY'RE WILLING TO AGREE AND PUT AS PART OF THE AGREEMENT, UH, THAT THE IMPERVIOUS COVER WOULD BE DECREASED FROM THE, THE A HUNDRED PERCENT DISCUSSION, UM, TO A GROWTH SITE AREA OF 79% OF GROWTH SITE AREA, WHICH IS, AS YOU ON THE SLIDE YOU JUST POINTED OUT, THAT WOULD BE LESS THAN THE IMPERVIOUS COVER THAT IS ALLOWED BY CODE IN, IN COMMERCIAL DEVELOPMENTS.

UM, I ALSO, YOU YOU MENTIONED, UM, AND YOU MENTIONED TWO, AND I, I'M NOT GONNA REMEMBER BOTH OF THEM, BUT ONE OF 'EM WAS PAT LANE.

AND I KNOW, AGAIN, I'VE HAD SPECIFIC DISCUSSIONS, UH, ON, ON THIS ITEM.

AND I KNOW THAT, UH, COUNCIL MEMBER ALTER HAS ALSO HAD DISCUSSIONS, AND I WANT TO THANK HIM FOR THE, THE WORK HE'S DONE ON THIS.

BUT THE FIRST PHASE OF, UH, THERE, THERE'S GONNA HAVE TO BE A FIRST PHASE OF INFRASTRUCTURE, RIGHT? SOMETHING HAPPENS HAS TO HAPPEN FIRST.

AND SO THERE WAS HAS BEEN ENCOURAGEMENT AND NEGOTIATION WITH ENDEAVOR, UM, TO TRY TO MAKE SURE AS PART OF THAT FIRST PHASE, THAT SOME OF THAT MONEY BE USED FOR SPECIFIC THINGS THAT WE THINK, UH, WILL BE ULTIMATELY BENEFICIAL OVERALL TO THE PROCESS.

AND, UM, AND IN SOME INSTANCES, IT WOULD INCREASE THE COST TO THEM, AS WAS POINTED OUT.

THEY, THEY FRONT THE COST AND IT'S ONLY AFTER THE INCRE.

WELL, IT'S AFTER THE FACT THAT THE MONEY STARTS COMING TO PAY HIM BACK.

AND ONE OF THOSE WAS, UH, ADDRESSING THE EXISTING FLOODPLAIN IN THE PLAT PATENT LANE AREA.

AND THEY'VE AGREED THAT AS PART OF THE FIRST PHASE OF INFRASTRUCTURE, THAT MONEY WOULD GO TO THAT.

SO THAT WE MAKE SURE THAT THAT'S DONE FRONT AND, AND WE, WE FIX A FLOODPLAIN AREA.

IS THAT YOUR UNDERSTANDING? YES, SIR.

UM, THAT NEIGHBOR THAT I MENTIONED IS ON .

I I'M, I'M SORRY.

YOU'RE YOU'RE OUT OF ORDER.

YOU'RE OUT OF ORDER.

I KNOW, I UNDERSTAND.

WELL, THEN YOU'RE GONNA HAVE TO LEAVE IF YOU CAN'T, YOU CAN'T.

WORK THROUGH THIS, THIS FINANCING.

I ALSO WANNA BE CLEAR ABOUT THE INCREMENT, UM, BECAUSE THERE'S BEEN SOME DISCUSSION ABOUT THE INCREMENT AND, UH, APPARENTLY SOME HEARTBURN WHEN THE INITIAL INCREMENT THAT WAS BEING TALKED ABOUT WAS THE 80 20 INCREMENT .

AGAIN, THERE'S BEEN A LOT OF DISCUSSION AND A LOT OF, UH, EFFORT TO TRY TO

[01:20:01]

BUT IT'S MY UNDERSTANDING, AND I WANNA MAKE SURE THAT EVERYBODY'S CLEAR, THAT WHAT WE'RE, WHAT'S NOW BEING RECOMMENDED OR WHAT IS NOW BEING BROUGHT FORWARD FOR THE COUNCIL TO CONSIDER IS TO DECREASE THE 80% INCREMENT, THE 80 20, SO THAT THAT WOULD GO DOWN TO A 75%, 25% IN THE FIRST 20 YEARS, BUT THEN IT WOULD BE REDUCED AGAIN FROM 75% TO 66% IN YEARS 21 THROUGH 35.

IS THAT CORRECT? THAT IS CORRECT.

SO IT'S NO LONGER IF, IF, IF WE APPROVE SOMETHING, IT'S NO LONGER AN 80 20, IT WOULD BE 75 25 IN THE FIRST 20 YEARS, AND THEN DROP AGAIN TO 66% IN YEARS 21 TO 35.

UM, YOU COVERED, UH, I WAS GONNA BRING UP, UM, THE FACT THAT, UH, REPRESENTATIVES FROM LABOR, UH, HAVE, HAVE BEEN IN DIRECT CONTACT WITH ENDEAVOR, UM, AND I WAS, I'M VERY PLEASED ABOUT THAT THEY HAVE COME OUT IN FAVOR OF THIS, AND YOU WALKED THROUGH ALL THE DIFFERENT ASPECTS, PREVAILING WAGE, OSHA SAFETY TRAINING, UH, WORKERS' COMPENSATION COVERAGE, RE USE OF REGISTERED APPRENTICESHIPS, UH, ON THE JOB TRAINING AND SUPPORT AND UTILIZATION OF THE AUSTIN INFRASTRUCTURE ACADEMY.

AND YOU ALSO BROUGHT UP THAT AS PART OF OUR DISCUSSIONS WITH ENDEAVOR, THEY'VE AGREED TO FUND A DISPLACEMENT AND NEEDS ASSESSMENT.

WELL, IN THAT CASE THEN, I'M GONNA, UH, TURN IT OVER.

COUNCIL MEMBER LANE, FOLLOWED BY COUNCIL MEMBER VELASQUEZ AND MAYOR PROTON VELA.

UM, UH, I FIRST WANNA THANK OUR PROFESSIONAL STAFF FOR ALL OF THE WORK THAT'S GONE INTO THIS.

I KNOW IT'S BEEN A LOT OF, UH, LONG HOURS AND DIRECTOR OLIVERAS FOR, UM, THE VERY COMPREHENSIVE PRESENTATION, WHICH HAS SAVED A LOT OF QUESTIONS FOR ME ALONG WITH THE MAYOR'S INITIAL QUESTIONS.

SO THANK YOU.

UM, THANK YOU DR. JOHNSON FOR LETTING US KNOW WHO THE FIRST, UH, USER WILL BE.

AMAZON.

UM, I'VE GOT A COUPLE OF QUESTIONS THAT RELATE TO, UM, TO THEM AS A USER RELATING TO JOBS.

UM, CAN, CAN YOU JUST, ANY, AND, UH, MY QUESTIONS, I DON'T KNOW WHO THE RIGHT PERSON IS TO ANSWER, SO FEEL FREE TO PASS AS YOU WOULD LIKE TO.

UM, CAN YOU DESCRIBE A LITTLE BIT MORE WHAT KINDS OF JOBS ARE ANTICIPATED TO BE PART OF THIS ADVANCED MANUFACTURING USE? UM, HOW MUCH THEY MIGHT PAY, WHETHER THEY WILL BE HIRED LOCALLY, UM, THE EXTENT TO WHICH THEY MAY BE CUTTING EDGE FOR THOSE MEMBERS OF OUR COMMUNITY WHO, UH, WANT TO WORK ON CUTTING EDGE PROJECTS IN, IN THESE AREAS, THAT SORT OF THING.

COUNCIL MEMBER LANE.

UM, HERE'S WHAT I CAN, HERE'S WHAT I CAN SHARE.

UM, I BELIEVE THE USER'S LOOKING AT SOMEWHERE BETWEEN 300 TO 500 JOBS, EXCUSE ME, IN THE ADVANCED MANUFACTURING SPACE.

WE DO KNOW, UM, THAT THEY ARE, UM, LIVING WAGE JOBS IN THAT SPACE.

IF YOU DO THE RESEARCH UNDER ADVANCED MANUFACTURING AND ROBOT ROBOTICS, I THINK ONE OF OUR CHARGE, ONE OF THE MAIN CHARGE THAT WE WILL HAVE WOULD BE PREPARING, UM, NIGHTS EARLY ON THROUGH OUR WORKFORCE TRAINING INFRASTRUCTURE ACADEMY TO ENSURE THAT THEY WILL BE READY FOR THESE TYPES OF JOBS.

THE INFORMATION SHARED AROUND AFFORDABILITY AND HOUSING AND ANTI-D DISPLACEMENT.

UM, DO WE HAVE ANY MORE SPECIFICITY ON HOW MUCH THEY MIGHT PAY? I'M HAPPY TO HEAR FROM ANYONE ELSE.

UM, SO YOU MENTIONED ROBOTICS.

UH, I RECALL IN THE FIRST SIX MONTHS OF MY TIME ON THE DAAS, UH, LALA COMING TO VISIT US IN CHAMBERS, UM, THEY, UH, OUR GROUP THAT THE ROBOTICS TEAMS IN ROUND OUR ISD HAVE LONG HAD INTEREST IN, UM, IN MENTORING.

SOME OF YOU MAY KNOW THAT I SPENT THE LAST DECADE MENTORING ROBOTICS STUDENTS, UM, AND PROBABLY , IT GETS MENTIONED.

UM, BUT, YOU KNOW, WE IN NORTHWEST AUSTIN FACE THE CHALLENGE OF TRANSPORTATION, NOT MAKING IT REALISTIC TO DO THAT TYPE OF MENTORING.

AND, AND WHEN I THINK OF A COMPANY LIKE AMAZON COMING IN, CREATING A CUTTING EDGE, UH, ROBOTICS FACILITY IN EAST AUSTIN, HIGHLY ACCESSIBLE, IT WILL BRING NOT JUST JOBS, BUT ALSO EDUCATIONAL OPPORTUNITIES AT ALL STAGES OF OUR CHILDREN'S LIVES, RIGHT? WHERE THEY ARE LOOKING FOR THEM.

AND MY, THESE SIX CONSTITUENT STUDENTS WILL BE TRYING TO GET A WALKING OPTION TO THE REDLINE STOP, TO, TO GO ACROSS THE CITY, WHICH, YOU KNOW, IT, I THINK IT'S REALLY FANTASTIC TO HAVE THESE TYPE OF OPPORTUNITY COMING INTO EAST AUSTIN.

AND I ALSO, UM, APPRECIATED

[01:25:01]

AND, UM, JUST, I'M JUST GONNA NOTE THAT THE OPPORTUNITY OF STARTING FROM WHAT IS EFFECTIVELY QUITE A LOW LAND VALUE TO PROVIDE AFFORDABLE HOUSING, MIS MISSING MIDDLE HOUSING, SOME OF IT THROUGH ORGANIZED PROGRAMS, SOME OF IT THROUGH THE MARKET, UM, IS REALLY SPECIAL.

IT PROVIDES AN OPPORTUNITY FOR THE CITY TO WORK ON A MODEL TO PROMOTE OWNERSHIP OPTIONS, SO THAT IF THE DEMAND BEGINS TO PUSH PRICES UPWARDS, YOU ARE AT LEAST STARTING FROM A, A PLACE OF ACCUMULATING THE WEALTH IN YOUR LAND, IN YOUR HOME.

AND SO THAT IS ONE OF THE THINGS THAT'S MOST EXCITING TO ME, BECAUSE I HAVEN'T SEEN THE CITY DELIVER OWNERSHIP OPTIONS WITH AFFORDABILITY.

UM, BUT I'M GONNA MOVE BACK TO QUESTIONS.

UM, SO MS. OLIVERS, YOU MENTIONED THAT YOU USED CONSERVATIVE MODELING WHEN YOU WERE PUTTING TOGETHER THE CASH FLOW, THE IMPACT TO THE CITY'S FINANCES.

UM, WHEN YOU SAY CONSERVATIVE MODELING, UM, DO YOU MEAN LIKE, IF WE WERE TO THINK ABOUT THIS IN TERMS OF, I'M BEING OPTIMISTIC, LIKE MAYBE THE CITY COULD GET A REVENUE HERE AND I'M GONNA TAKE THE OPTIMISTIC APPROACH, OR DO YOU MEAN YOU TAKE THE PESSIMISTIC APPROACH TO HOW MUCH MONEY MIGHT COME IN? JUST TO KIND OF CLARIFY THAT A LITTLE? SO, UM, I WOULDN'T SAY PESSIMISTIC.

WE SAY RESERVED.

RESERVED OR RESERVED.

SO IN THIS AREA, WITH OUR ASSUMPTIONS, WE ARE INCLUDING, UH, 4% GROWTH IN VALUE.

WHILE THIS AREA, ESPECIALLY WITH DEVELOPMENT OF THE SCALE, YOU WOULD EASILY SEE 10% GROWTH MM-HMM .

SO WE WE'RE, WE'VE SET THE MODEL UP IN A WAY TO MAKE SURE THAT, UM, WE ARE EVEN AT THOSE MUCH LOWER GROWTH RATES, THAT POTENTIAL LOWER RETURN, WE'RE ABLE TO ACHIEVE THE, UH, OR ABLE TO ADDRESS THE OPERATING BUDGET IMPACTS THAT WOULD RESULT, UM, FOR VARIOUS SERVICE REQUIREMENTS.

UM, SO IF, IDEALLY IT ENDS UP BEING MUCH BETTER THAN THAT, AND, UM, BUT WE'RE ABLE TO WEATHER THE STORM, IT ALSO TAKE, WE SET THOSE CONSERVATIVE LEVELS ALSO TO RECOGNIZE THAT THE MARKET CAN CHANGE DRAMATICALLY OVER TIME.

THIS IS A 35 YEAR TIMEFRAME.

IT, THE, THE MARKET WILL TAKE MULTIPLE DIPS.

SO WE, WE WANNA SET OURSELVES UP FOR SUCCESS.

SO THAT IS WHY WE USE THOSE CONSERVATIVE, MORE RESERVED, UH, GROWTH ASSUMPTIONS, UH, FOR THE, THE ENTIRE LIFE OF THE TURS.

IN THE MODELING THAT, THAT YOU CREATED, WAS THERE EVER A POINT IN TIME WHEN THE CITY GOES INTO THE RED OR ARE WE ALWAYS IN, IN THE BLOCK? UH, THERE'S JUST, THERE'S A HANDFUL OF YEARS WHERE IT'S VERY CLOSE, BUT IN THE GRAND SCHEME OF THINGS, UM, WE ARE VERY MUCH IN THE BLOCK.

UM, AND, UH, ALSO BECAUSE OF THOSE CONSERVATIVE ESTIMATES, IT PUTS US IN A MUCH BETTER POSITION TO NEVER, UM, DIP OUR TOE INTO THAT, UH, INTO THE RED.

UM, SO I SEE THE AMAZON AS A USER, AS A, AS A REALLY EXCITING THING TO BE ABLE TO SHARE WITH THE COMMUNITY, UM, WITH, THEY HAVE A LONG-TERM PLAN, UM, THAT PROVIDES SOME STABILITY FOR TRANSIT PLANNING FOR ALL DIFFERENT KINDS OF PLANNING.

UM, AND THEY REALLY, AS AN ANCHOR TENANT, WILL HELP TO ATTRACT, UM, OTHERS MORE QUICKLY.

AND IN MY VIEW, BUT I WOULD LIKE TO BE CORRECTED IF I'M WRONG, AND I WELCOME ANYONE TO ADD ON, IN MY VIEW, HAVE OFFERED THE OPPORTUNITY TO, TO ALLOW US TO BEGIN WHEN REAPING THE RETURNS OF THIS PROPOSED DEVELOPMENT SOONER.

DOES THAT, I'D LOVE TO, YOU KNOW, I SHOULD HAVE JUST ASKED A QUESTION.

AMAZON IS A FIRST USER INCLUDED IN THE PROFORMA THAT SERVES AS THE BASIS OF THIS? NO, THAT WAS MY NEXT QUESTION.

WE WILL NEVER INCLUDE THEM IN THE MODELING UNTIL IT IS A, FOR CERTAIN, UH, COMPONENT OF THE DEVELOPMENT.

MM-HMM .

I, I THINK THAT SO, SO, SO IF A FIRST USER LIKE AMAZON COMES IN, IT'S NOT PART OF THE INITIAL PRO FORMA, UH, A, THAT JUMPSTARTS ALL OF THIS CORRECT.

AND, AND IS LESS SPECULATIVE AT THAT POINT, AND B, IT SENDS A MESSAGE ABOUT WHAT COULD HAPPEN OUT THERE.

ABSOLUTELY.

WHEN, SORRY TO INTERRUPT, BUT I HOPE THAT WAS HELPFUL.

WHEN WE DO THE MODELING, UM, WHEN IT COMES TO, UH, WE UTILIZE THE, JUST THE MARKET PROJECTIONS AND THE SELLOUT SCHEDULE THAT WAS PART OF THE DEVELOPER TO BE ABLE TO MAKE, UM, EDUCATED ESTIMATES ON WHAT THE VALUE GROWTH WILL BE OVER TIME WHEN IT COMES TO VERY SPECIFIC DEVELOPMENTS OR SITES WITHIN THE DEVELOPMENT.

[01:30:01]

SO IF THAT BECOMES A CERTAIN COMPONENT AS WE COME BACK FOR THE FINAL PROJECT AND FINANCING PLAN, THAT IS WHEN WE WOULD INCORPORATE THAT INTO THE MODEL.

AND THEN YOU'RE GOING TO SEE, YOU'RE GONNA START SEEING INCREMENTAL REVENUES SOONER, MUCH SOONER THAN YOU WOULD HAVE OTHERWISE.

UM, YES.

AND SO AT THE POINT THAT IT BECOMES CERTAIN IN AMAZON'S OF THE MODEL, WE HAVE LET FEWER YEARS THAT ARE CLOSE TO BEING IN THE RED YES.

AND MORE CERTAINTY.

UM, OKAY.

I, I HAVE A QUESTION AS WELL ABOUT, UM, TRANSIT.

UM, I'D LOVE TO HEAR A LITTLE BIT MORE ABOUT HOW THE PROPOSED DEVELOPMENT WILL SUPPORT THE ADDITION OF TRANSIT IN THE AREA.

UM, THIS MAY BE A QUESTION FOR THE DEVELOPER OR THE REPRESENTATIVE, I DON'T KNOW.

UM, BUT I'D LIKE TO KNOW A LITTLE BIT MORE ABOUT THAT IF WE CAN.

WE'LL TALK ABOUT THE TRANSIT.

OH, UH, GOOD MORNING, MAYOR COUNCIL AL BARUA, ASSISTANT DIRECTOR AUSTIN TRANSPORTATION AND PUBLIC WORKS DEPARTMENT.

UH, AT THIS POINT, COUNCIL MEMBER, WE ARE WORKING VERY CLOSELY WITH THE DEVELOPER CAP METRO AND PROJECT CONNECT TO LOOK INTO THE FUTURE, UM, LRT STATION, UH, IN THE AIRPORT AREA.

AND WE ARE LIVING THE OPTIONS OPEN FOR FUTURE, UH, LRT, UH, ROUTES, IF THAT'S GONNA BE POSSIBLE IN THE FUTURE INTO THE DOG HEAD.

IN ADDITION TO THAT, WE ARE ALSO LOOKING INTO THE RUBBER PAD TRANSIT INTO THE DOG HEAD AREA.

UM, THIS DEVELOPMENT BEGINNING TO HAPPEN, AND THE, THE VERY LARGE SITE CEASING TO BE A MINING OPERATION WITH VERY LIMITED USES BY PEOPLE, UM, MAKE IT MORE OR LESS LIKELY THAT, FOR EXAMPLE, THERE THAT MAKE IT MORE OR LESS LIKELY, LIKELY THAT SIGNIFICANT TRANSIT WOULD BE EXTENDED TO THE AREA FOR THE USE OF RESIDENTS.

A COUNCIL MEMBER IS VERY LIKELY THAT INITIALLY IT IS GOING TO BE RUBBER TIRE TRANSIT, AND WE NEED TO WAIT FOR THE FUTURE PROJECT CONNECT LINE TO GET INTO THE AIRPORT FIRST.

I THINK IT IS GOING TO BE IN THE, IN THE FUTURE.

WHEN THAT HAPPENS, THEN WE CAN LOOK INTO THE OPTIONS FOR FUTURE RIGHT RAIL INTO THE DOG HEAD AREA.

SO WE ARE RESERVING THE RIGHT OF WAY FOR FUTURE OPTIONS FOR THAT.

ON DALTON OTTS AND FM 9 69, WE, WE ASKED FOR DESIGNATED HAUL ROUTES, DUST AND NOISE CONTROLS, FILM MATERIAL TESTING, AND A SINGLE POINT OF CONTACT, UH, CONTACT FOR NEIGHBORHOOD COMPLAINTS.

ALSO, COUNCIL MEMBER, MY, OUR CONSULTANT JUST REMINDED ME THAT, UM, WITH THE ADDITIONAL SALES TAX THAT WILL BE GENERATED BY THIS AREA, IT ALSO THAT POSITIVELY IMPACTS CAP METRO WITH THEIR 1% PORTION OF THE SALES TAX.

COUNCIL MEMBER, COUNCIL MEMBER VELASQUEZ, MAYOR PRO TE VELA, AND THEN COUNCIL MEMBER SIEGEL.

UH, THANK YOU, MAYOR.

I, I JUST WANTED TO, I, I JUST WANTED TO MAKE A FEW COMMENTS.

I SUPPORT CREATING HOMES, JOBS, TRAILS, AND, UH, RIVER ACCESS.

BUT I THINK OUR JOB ON THIS DESK IS TO ENSURE THAT, THAT THIS WORKS FOR EVERYBODY.

UH, AND IN THE SPIRIT OF THAT, I'VE MADE SOME REQUESTS OF, UH, PROFESSIONAL STAFF THAT I JUST, THAT WE'VE BEEN WORKING ON, AND THAT I JUST WANTED A DAYLIGHT HERE.

UM, THE PLAN SAYS THAT NO PERSONS WILL BE DISPLACED, AND WE KNOW THAT'S GONNA BE TRUE INSIDE THE FENCE LINE.

UH, BUT WITH THE DEVELOPMENT, IT WILL INEVITABLY RAISE SOME LAND VALUES AND RENTS IN THE SURROUNDING AREAS, UH, MANY OF WHICH HAVE BEEN HISTORICALLY, UH, MORE AFFORDABLE.

UM, I KNOW THE DEVELOPER HAS AGREED TO FUND A COMMUNITY NEEDS ASSESSMENT, BUT I, I WANT TO KNOW WHAT WE, THE, THE CITY OF AUSTIN WILL BE DOING TO ENSURE THAT WE ARE FIGHTING THE DISPLACEMENT OF THE SURROUND, UH, UH, DISPLACEMENT OF THE SURROUNDING FAMILIES.

UH, I'D LIKE TO SEE A ROBUST DISPLACEMENT MONITORING WITH PUBLIC REPORTS AND ONGOING ANTI DISPLACEMENT TOOLS FUNDED ALONGSIDE THIS DEAL.

UM, I AM ALSO CONCERNED, AND, AND THIS ONE, THIS ONE I I KNOW THEY MENTIONED IN THE COMMISSIONER'S COURT ABOUT THE COMMITMENT OF, UH, A FIRM COMMITMENT TO AFFORDABLE HOUSING AND THE LACK OF CLARITY AROUND THE FUNDING SOURCE FOR THE REMAINING 10% OF THE INCOME RESTRICTED UNITS.

UH, I'D LIKE TO SEE A FUNDING PLAN FOR, FOR THAT AND OTHER STAFF.

AND I WANT TO THANK STAFF 'CAUSE I KNOW OUR TEAMS MET YESTERDAY REGARDING A NUMBER OF THESE THINGS.

UM, MOST OF THE LAND SITS IN THE FLOODPLAIN AND THOUSANDS OF HOMES ARE PLANNED.

UH, STAFF SAYS THAT DAM DAM OPERATIONS MANAGE THE RISK.

I'D LIKE TO REQUEST AN ANALYSIS THAT PROVES IT, PROVES IT UNDER EXTREME WEATHER CONDITIONS AND BEFORE THE HOMES ARE BUILT.

UM, ALSO, WE'RE LOOKING AT DECADES OF CONSTRUCTION, WHICH MEANS, UH, DECADES OF TRUCKS, DUST AND DISRUPTION

[01:35:01]

UM, UH, I'M UNCOMFORTABLE, AND THIS IS SOMETHING THAT OUR, OUR TEAM BROUGHT YESTERDAY UNCOMFORTABLE WITH THE EXTENSION OF MEIS THAT COULD, AND WHAT THAT COULD MEAN FOR THE WILL HOYTS AND THE METROPOLIS SUPPLY COMPANY WHO ARE FOURTH GENERATION AUSTINITES, JUST LIKE ME.

AND, AND FOR WHAT THAT MEANS FOR OUR NEIGHBORS ON HER GOTS, ALONG WITH THE ENVIRONMENTAL PROTECTIONS THAT SOME OF MY COLLEAGUES I KNOW WILL BE LAYING OUT HERE THAT WE'VE DISCUSSED, UH, WE'VE DISCUSSED GUARANTEES THAT THIS, UH, THAT THIS ISN'T GOING TO BE, UH, WATER INTENSIVE.

I WANT TO THANK, UH, THE SOUTH SOUTHEAST COLORADO NEIGHBORHOOD ASSOCIATION AND HER GODS NEIGHBORS FOR THEIR ADVOCACY AND FOR TAKING THEIR TIME TO MEET WITH ME.

COUNCIL MEMBER MAYOR PRO TEM VELA, COUNCIL MEMBER SIEGEL, COUNCIL MEMBER UCHIN.

UH, THANK YOU MAYOR.

AND I, I WANNA, UH, THANK STAFF AND, AND, AND COUNCIL MEMBER LANE FOR, FOR MENTIONING THE, THE TRANSIT.

UH, IF, IF WE DON'T ANNEX THIS PROPERTY, IT'S NOT GOING TO HAVE TRANSIT.

UH, CAPITOL METRO CAN ONLY SERVE, UH, ITS MEMBER JURISDICTIONS.

IT DOES NOT SERVE UNINCORPORATED AREAS OF THE COUNTY.

SO UNLESS WE ACCESS, UH, ANNEX THE, UH, DOGS HEAD TRACTED, THERE IS NO, UH, TRANSIT, UH, GONNA, IT WILL NOT SERVE THE AREA.

AND, AND TO THAT POINT, UH, UH, AND, AND, UH, I THINK, UH, UH, OBAMA MENTIONED, UH, THIS RIGHT NOW, BUT I JUST WANNA MAKE SURE THAT WE'RE RESERVING.

UH, I KNOW THAT, THAT THE MAJOR ROADS GOING IN IS ONE OF THE FIRST INVESTMENTS THAT, THAT WE'RE GOING TO MAKE.

AND WHILE I DON'T EXPECT, YOU KNOW, BUSES ARE, YOU KNOW, LIGHT RAIL DOWN, UH, THE ROAD TO BE, YOU KNOW, RUNNING ANYTIME SOON BECAUSE, UH, I THINK THE, THE, THE POPULATION'S NOT GONNA GET THERE FOR A WHILE.

WE ARE, UH, RESERVING, UH, TRANSIT WAYS, LIKE FOR EITHER LIGHT RAIL OR FOR A BUS RAPID TRANSIT.

I JUST WANNA MAKE SURE THAT WE'RE DOING THAT, UH, AT THE, AT THE BEGINNING.

SO WE DON'T HAVE PROBLEMS LIKE WE HAVE HAD IN OTHER INSTANCES WHERE WE'RE HAVING TO, YOU KNOW, BUY EASEMENT AND, AND MOVE UTILITIES AND, AND DO ALL THE EXPENSIVE STUFF THAT WE'RE DOING RIGHT NOW ON PROJECT CONNECT.

AND WE ARE, I JUST WANNA MAKE SURE THAT WE ARE RESERVING, UH, THE, THE TRANSIT WAYS AND DO CAN ALSO, WHICH, UH, ROADS ARE WE RESERVING THOSE TRANSIT WAYS.

DO WE KNOW THAT YET? SO COUNCIL MEMBER, ACTUALLY, THEY WILL BE CONSTRUCTING NEW ROADS, NEW BRIDGES, AND AS PART OF THAT WORK, UM, WORKING WITH THE UTILITIES AS WELL AS TRANSPORTATION WATERSHED, THEY WILL BE WORKING ON ENSURING THAT THOSE ROADWAYS THE RIGHT OF WAYS THAT ARE ASSOCIATED WITH THEM CAN SUPPORT WHAT IS NEEDED FOR, UM, ALL OF THOSE ISSUES.

GOT IT.

AND, AND AGAIN, I KNOW IT'S EARLY, I DON'T EXPECT, YOU KNOW, FULL BLOWN OUT MAPS OF EVERYTHING THAT WE'RE GONNA DO, BUT CONCEPTUALLY, UH, WE NEED TO MAKE SURE AND RESERVE, UH, THOSE TRANSIT WAVES ON THE MAJOR ROADS AND BRIDGES THAT WE'RE BUILDING IN THIS AREA.

UH, I MEAN, ESPECIALLY GIVEN KIND OF WHAT'S HAPPENING AT THE AIRPORT, AIRPORT EXPANSION, THE TRAFFIC ALREADY ON, ON ON 71, ESPECIALLY AT PEAK TIMES DURING, UH, WHEN WE'VE GOT A LOT OF, UH, FOLKS FLYING THROUGH THE AIRPORT.

I JUST THINK IT'S ABSOLUTELY CRITICAL THAT WE BUILD IN THESE, UH, RESERVED, UH, TRANSIT, UH, UH, GUIDEWAY AT THE VERY BEGINNING OF THE PROJECT.

UH, THANK YOU.

COUNCIL MEMBER AL BUR AGAIN FROM AUSTIN TRANSPORTATION AND PUBLIC WORKS.

COUNCIL MEMBER.

WE ARE CURRENTLY RESERVING THE RIGHT OF WAY, ESPECIALLY FOR FUTURE POTENTIAL LATER RAIL ALONG DALTON AT DALTON LAND.

THAT'S KIND OF THE CONCEPTUAL IDEA AT THIS POINT.

OBVIOUSLY FOR ALL OTHER ROADS, WE ARE ALSO, UH, RESERVING THE SPACE FOR POWER TAP TRANSIT AS WELL.

SO VIA AMENDING, UH, THE AGREEMENT TO HAVE THE ESSENTIALLY, UH, FOR LACK OF A BETTER WAY TO DESCRIBE AVERAGE OF 300, UM, IT WILL EXPAND THAT CRITICAL WATER QUALITY ZONE, SO IT WILL COME IN FARTHER INTO THE PROPERTY, AND THAT WILL PROTECT THE RIPARIAN ZONES.

UM, UH, NEXT QUESTION.

I APPRECIATE THE, THE MAYOR VERY MUCH FOR HIGHLIGHTING THE, THE, THE ZONE, UH, RIGHT NEXT TO THE RIVER THAT WE ARE, UH, TRYING TO, TO PROTECT.

AND INITIALLY IT WAS, UH, 200 FEET.

AND IF, IF YOU, IF YOU VISIT THE AREA, OR IF YOU LOOK CAREFULLY ON A, ON A SATELLITE MAP OF THE AREA, THERE'S A, THERE'S A, A RIPER ZONE THAT IS RIGHT NEXT TO THE RIVER THAT RUNS ALONG THE BOUNDARY.

AND THAT'S WHERE, YOU KNOW, THERE'S AGAIN, JUST A LOT OF TREES, A LOT OF, UH, OF, OF NATURE, UH, IN A, AS, AS THE MAYOR MENTIONED, YOU KNOW, IN, IN, IN 200 FEET.

UH, WE'LL PROTECT IT IN SOME AREAS IN O OTHER AREAS.

IT EXTENDS FARTHER THAN THAT.

UH, IS THE GOAL OF THE, OF THE VARIABILITY OF THAT, UH, OF THAT EASEMENT THAT, THAT, UH, THAT KIND OF NATURE PROTECTION EASEMENT, WE'RE GOING TO BE PROTECTING THE ENTIRE RIPARIAN ZONE AROUND THE, UH, ENTIRE DOG'S HEAD PROPERTY.

[01:40:02]

AND I THINK SEEMS MORALE RIGHT THERE.

GOOD MORNING, JORGE MORALE WITH THE WATERSHED PROTECTION DEPARTMENT.

AND SO YES, THE INTENT OF THE CRITICAL WATER QUALITY ZONES TO HELP PROTECT FURTHER THE DESIGNS, BUT RIGHT NOW EVERYTHING'S CONCEPTUAL, SO WE DON'T KNOW IT'S THERE, BUT THE INTENT IS TO PROTECT THE REPAIRING AREA.

AND, AND AGAIN, THE FLOATING KIND OF NATURE OF IT GIVES US SOME FLEXIBILITY WHERE THE RIPARIAN ZONE IS SMALLER, THE, THE, THE ZONE CAN SHRINK A LITTLE BIT, BUT WHERE IT'S LARGER, UH, AGAIN, IT CAN EXTEND OUT TO PROTECT THAT, THAT CRITICAL WATER QUALITY AREA.

YES, THAT'S CORRECT.

UH, WELL, AGAIN, I APPRECIATE THAT, AND I KNOW WE DON'T KNOW WHERE THE, UH, THE, AS PART OF THE AGREEMENT, UH, THEY ARE GOING TO DEDICATE 260 ACRES OF, UH, PARKS.

I KNOW WE DON'T KNOW WHERE, UH, EXACTLY THAT'S GONNA BE.

AND AGAIN, THIS IS ALL PART OF THE PROCESS AND THE, AND THE PLANNING AND WHATNOT.

BUT, UH, CONCEPTUALLY, I GUESS THAT COULD ALSO BE ADDITIONAL BUFFER, UH, UH, POTENTIALLY IN, IN SOME OF THE, OF THE, IN THE COASTAL AREAS.

IS THAT IN THE, IN THE RIVERFRONT AREAS? UH, UH, DO, DO WE HAVE ANY SENSE OF, OF, OF THAT? CAN WE ADD, FOR EXAMPLE, TO THAT CRITICAL WATER QUALITY ZONE WITH, UM, YOU KNOW, SOME, SOME PARTS ALONG THE AREA? UH, YES, THOSE OPEN SPACES CAN FUNCTION IN THAT WAY, BUT ONCE AGAIN, IT'S CONCEPTUAL RIGHT NOW, SO I DON'T HAVE SPECIFICS.

I THINK THAT WOULD BE MORE OF A QUESTION FOR THE DEVELOPER.

YEAH, NO, UNDERSTAND.

I DO WANT TO JUST NOTE THAT THAT WAS, I THINK, A BIG IMPROVEMENT GOING FROM THE 200 FEET TO THE, UH, AVERAGE OF, UH, OF 300 FEET.

I THINK THAT'S A REALLY IMPORTANT ENVIRONMENTAL PROTECTION, UH, FOR THE PROPERTY.

LASTLY, AS LONG AS I HAVE YOU HERE, DIRECTOR MORALES, THE, THE REGIONAL WATER, UH, DETENTION, UM, YOU KNOW, AGAIN, WE HAVE VERY SIMILAR TO THE, THE, THE MUELLER, UH, PROJECT WHERE WE HAVE AN OPPORTUNITY WHERE, YOU KNOW, WE DON'T HAVE TO BUILD THESE KIND OF LITTLE TINY DETENTION PONDS PROPERTY BY PROPERTY WHERE WE CAN HAVE A MORE REGIONAL STORM WATER, UH, UH, MANAGEMENT, UH, UH, APPROACH TO, TO HANDLE, UH, FLOOD WATERS.

UH, DO WE HAVE ANY SENSE OF, OF WHAT THAT IS, IS GOING TO LOOK LIKE, UH, AT THIS POINT OR, OR WHAT THE GOALS FOR THE, THE REGIONAL, UH, WATER DETENTION ON THE DOG'S HEAD, UH, WOULD BE, UH, WE HAVE A HIGH LEVEL, UM, VIEW OF THE CONCEPT AS WELL AS, YOU KNOW, IT'S, UH, FULL OF PITS RIGHT NOW, SO THERE'S A LOT OF DETENTION AREAS EXISTING.

SO A LOT OF SELF-CONTAINED AREAS TO ADDRESS THE ONSITE DEVELOPMENT THAT THEY'RE GONNA CREATE.

UH, THE HIGH LEVEL AREA THAT SHOWS THE REGIONAL CHANNEL SHOWS ONE OUT DISCHARGE INTO THE COLORADO RIVER, AND THAT'S WHAT WE KNOW RIGHT NOW.

RECLAIMED WATER AND WASTEWATER.

AND I JUST, SO IN AN AREA THAT'S SO CLOSE TO THE RIVER, UH, AND AGAIN, THIS IS, I'M, I'M NOT MY AREA, UH, WE WANT TO GET THE WATER OFF OF THE LAND AND INTO THE RIVER AS SOON AS, IS THAT THE GOAL OF THE, THE FLOOD CONTROL IN, IN THAT AREA? I, I KNOW THAT THERE IN OTHER AREAS, WE WANT TO KIND OF MANAGE ITS FLOW OUT, UH, MORE AS IT MOVES DOWN THE, THE, THE CREEK.

BUT IT, IT, WHAT WOULD BE THE GOAL OF THE REGIONAL, UH, WATER DETENTION THERE IN, IN THE DOGHEAD AREA? I'M SPECULATING RIGHT HERE, BUT YES.

UH, GENERALLY THE, THE CHANNEL WILL HELP ADDRESS MY EXISTING FLOOD PLAIN.

ONCE AGAIN, THE DOGHEAD ITSELF IS PART OF THE COLORADO RIVER DRAINAGE AREA, NOT THE CARSON CREEK, BUT WE HAVE EXISTING FLOOD PLAIN ISSUES IN THE CARSON CREEK.

SO THERE'S POTENTIAL TO ADDRESS SOME OF THOSE ISSUES WITH SOME OF THE ONSITE, UH, REGIONAL, UH, IMPROVEMENTS THEY'RE GONNA BE MAKING.

BUT ALSO ULTI, ULTIMATELY IT'S DESIGNED TO CONTAIN FROM WITHIN ITSELF SO IT DOESN'T DISCHARGE OFF INTO THE RIVER.

ALRIGHT, WELL, UH, THANK YOU VERY MUCH, UH, UH, DIRECTOR, GREATLY APPRECIATE IT.

UH, AND THE, UH, LAST, ACTUALLY A COUPLE MORE QUESTIONS, BUT THE, UH, I KNOW THAT AUSTIN WATER HAS, UH, HEAVILY ENCOURAGED THE USE OF RECLAIMED, UH, WATER.

AND MY UNDERSTANDING IS THAT WE DO HAVE A RECLAIMED WATER, UH, ACCESS AT OR NEAR, UH, THE DOG'S HEAD IS A PLAN TO USE, UH, RECLAIMED WATER, UH, FOR THE, ESPECIALLY I THINK FOR, FOR COMMERCIAL AND, UH, AND MANUFACTURING INDUSTRIAL PURPOSES THERE IN, IN THE DOGS HEAD.

I JUST WANTED TO ASK ABOUT THAT.

GOOD MORNING.

COUNCIL MEMBER SHAY ROLSON AUSTIN WATER.

UH, WE DO HAVE RECLAIMED TRANSMISSION, MAIN CROSSING ALONG THE COLLAR OF THE DOG HEAD.

AND WE WILL BE WORKING WITH THIS DEVELOPMENT TO USE RECLAIMED WATER WHERE WE CAN.

AND DO WE KNOW IF THE AMAZON MANUFACTURING FACILITY HAS COMMITTED TO USE, UH, THE RECLAIMED WATER? UH, I BELIEVE THAT OUR, UH, DISCUSSIONS ARE UNDERWAY ON THE WATER NEEDS FOR THAT PROPERTY, UM, INCLUDING POTABLE WATER.

RECLAIMED WATER, DOES THAT SAVE WATER? DOES IT SAVE ENERGY? IS IT A LITTLE BIT OF BOTH? COULD YOU JUST KIND OF EXPLAIN THAT PROCESS, WHAT IT MEANS TO USE RECLAIMED WATER? WELL, WHEN WE USE RECLAIMED, WHEN WE USE POTABLE WATER, WE'RE TAKING WATER OUT OF THE RIVER, TREATING IT AT OUR WATER TREATMENT PLANTS TO DRINKING WATER STANDARDS AND DELIVERING IT TO OUR CUSTOMERS.

AND JUST FOR MY OWN, AND, AND THE PUBLIC'S, UH, UH, KNOWLEDGE

[01:45:01]

RECLAIMED WATER IS, UH, COMES FROM THE WASTEWATER THAT WE COLLECT FROM OUR CUSTOMERS, TREAT IT TO A HIGH STANDARD AT OUR WASTEWATER TREATMENT PLANTS, BUT NOT TO A POTABLE STANDARD.

MM-HMM .

AND SO IT ALLOWS US TO BOTH REUSE OUR WATER AND IT ALLOWS US TO USE FIT FOR PURPOSE WATER WHERE WE'RE USING NON-POTABLE WATER FOR NON-POTABLE NEEDS RATHER THAN USING OUR HIGH QUALITY DRINKING WATER FOR NON-POTABLE NEEDS.

AND THEN THAT RECLAIMED WATER WILL LARGELY BE USED FOR IRRIGATION AND FOR REALLY TOILET, UH, UH, FLUSHING.

THAT'S RIGHT.

IT CAN BE USED FOR, FOR IRRIGATION, FOR TOILET FLUSHING, FOR OTHER, FOR COOLING TOWERS, FOR, FOR ANYTHING THAT WE DON'T NEED POTABLE WATER FOR MY UNDERSTANDING IS THAT IN COMMERCIAL AND IN INDUSTRIAL SITES, THAT COULD BE 80%, YOU KNOW, 90% OF THE WATER USAGE OF THAT SITE.

WELL, WE'VE SEEN, UM, SPECIFICALLY IN OFFICE BUILDINGS THAT WE CAN REDUCE WATER USE BY 70 TO 80% JUST BY FLUSHING TOILETS WITH RECLAIMED WATER.

WELL, THAT'S GREAT.

UH, AND UM, LASTLY, I JUST WANTED TO, UH, MENTION THE REDUCTION IN THE, THE, THE TURS FROM THAT.

YOU KNOW, I KNOW THE INITIAL PROPOSAL WAS AT 80%.

UH, I HAD SOME CONCERNS AROUND THAT.

UH, I THINK THAT THAT 75% FOR THE INITIAL PERIOD, UH, AND THEN MOVING TO 66% FOR THE LATER PERIOD, UH, THAT MAKES, I THINK THAT TIERED STRUCTURE, UH, MAKES A WORLD OF SENSE.

UH, AT WHAT POINT AND, AND THE, THAT INITIAL, YOU KNOW, NOW IT'S ANNEX, WE ARE NOT GOING TO BE PROVIDING MANY, IF ANY, YOU KNOW, CITY SERVICES TO, UH, THE DOG'S HEAD UNTIL OBVIOUSLY THERE'S SIGNIFICANT POPULATION THERE.

ANY SENSE OF OF, OF WHEN THAT'S GOING TO BE? WHAT, WHAT'S KIND OF THE, THE, THE ROUGH, UH, DEVELOPMENT TIMELINE WHEN WE WILL NEED, UH, TO PROVIDE CITY SERVICES TO THE AREA? SO THE, THERE'LL BE MINIMAL POLICE COVERAGE REQUIREMENTS IN THE EARLY YEARS.

IT'S NOT UNTIL REALLY, UM, THE 20, THE MID TO LATE 2040S THAT IT IS SIGNIFICANT.

'CAUSE THAT'S 20 48, 20 49 IS WHEN THERE WOULD BE A NEED FOR THAT FIRE EMS STATION.

UM, POLICE, OTHERWISE, LIKE THERE'S, UH, IT WOULD BE DESIRABLE TO BE ABLE TO PUT A NEW SUBSTATION OUT IN THAT AREA, BUT THE SUBSTATION WOULDN'T NECESSARILY BE ASSOCIATED JUST SPECIFICALLY WITH THE ZONE, SO MM-HMM .

UM, THROUGH THEIR EXISTING, UH, LOCATIONS, THEY WOULD BE ABLE TO PROVIDE THAT POLICE COVERAGE.

AND THEN THAT WE'RE TALKING ABOUT, UM, SINGLE DIGIT OFFICERS, UH, EVEN INTO THE, THE MID 2030S.

AND YOU DON'T START TO GET INTO MAYBE 10 TO 12 OFFICERS UNTIL, UM, 2040.

AND I SAW THAT VERY, VERY SLOW.

AND I SAW THAT, THAT, THAT WE ARE NOT PROJECTING A NEED FOR A FIRE EMS STATION UNTIL IN THE 2040S.

RIGHT.

SO THAT GIVES, I THINK, A GOOD SENSE OF KIND OF THE, THE STAGGERED KIND OF, UH, GROWTH, UH, UH, LEVELS AND, YOU KNOW, UN UNTIL THEN, AGAIN, I KNOW IT'S ONLY 25% OF THE, OF THE PROPERTY, UH, TAXES THAT THE, THAT THE PROPERTY WILL BE PAYING, BUT THAT WILL BE COMING INTO CITY COFFERS AND VERY LITTLE WILL BE GOING INTO THE DOG'S HEAD.

HUH.

AND WE HAVE BEEN INCREDIBLY CONSERVATIVE IN PARTICULAR WITH THE SALES TAX PROJECTIONS, UM, BECAUSE THAT IS A MUCH MORE VOLATILE REVENUE SOURCE.

SO WE, WE'VE BEEN EXTRA, EXTRA CONSERVATIVE THERE.

ALSO, WHEN IT COMES TO THE PUBLIC SAFETY COVERAGE FROM A FIRE EMS PERSPECTIVE, UH, THERE IS ESD UH, PRESENCE, UH, IN THE, IN THE SURROUNDING AREA AND THROUGH THE MUTUAL AID AGREEMENTS, THERE'S, THERE'S, THERE'S COVERAGE YEAH.

IN THAT REGARD.

AND, AND I MEAN, I, I, I KNOW THE AIRPORT HAS A, A FIRE STATION AND, UH, EMS STATIONED AT THE AIRPORT AS WELL.

OBVIOUSLY LIKE, YOU KNOW, THEY HAVE THEIR HANDS FULL, THEY'RE WITH THE AIRPORT, BUT THEY'RE NOT FAR FROM, UH, FROM THE AREA IF AN EMERGENCY, UH, UH, CALLS.

THEN FINALLY, I KNOW PEOPLE KEEP TALKING ABOUT AGAIN, AND I APPRECIATE YOU PUTTING IN THE SLIDE.

THIS, THIS IS NOT A TAX CUT, THIS IS NOT A TAX BREAK.

WILL THEY BE PAYING THE NORMAL AMOUNT OF TAXES THAT EVERYBODY IN THE CITY OF AUSTIN PAYS? YES.

IS THAT THE CITY IS GOING TO VACATE, UH, CERTAIN NUMBER OF SQUARE FEET OF PUBLIC RIGHT OF WAY, AND IT'LL BE CONVEYED TO DOG'S HEAD IN RETURN FOR DOG'S HEAD, UH, OFFSETTING THE VALUE OF THAT RIGHT OF WAY BY DEDICATING A SEPARATE PORTION OF LAND, UH, AND A FUTURE EASEMENT.

THANK YOU MAYOR PRO TIM.

UH, MEMBERS WERE AT THAT POINT WHERE INDICATED, UH, WE'RE GONNA TAKE A, WE'RE GONNA GO TO AN EXECUTIVE SESSION.

I DO WANNA POINT OUT ONE THING THAT THE MAYOR PRO TIM WAS ASKING QUESTIONS ABOUT, UM, WITH REGARD TO, UH, REUSED WATER.

UH, ITEM NUMBER 75 ON OUR AGENDA ON THURSDAY, WHICH AGAIN, I'VE INDICATED WILL BE PULLED.

UH, SO WE TAKE IT UP WITH ALL OF THE ITEMS RELATED TO DOG'S HEAD, THAT IS A RIGHT OF WAY VACATION ITEM.

AND WHAT IS GOING TO HAPPEN WITH THAT IF IT PASSES,

[01:50:01]

IMPORTANTLY, THAT EASEMENT WILL BE PROVIDED TO THE CITY OF AUSTIN, UH, WITH SPACE FOR RECLAIMED WATER, UH, A RECLAIMED WATERLINE TO THE CITY.

SO, UM, THAT, THAT IS A, THAT REQUIRES A SEPARATE RIGHT OF WAY VACATION AT SOME OTHER POINT.

BUT I JUST WANTED TO POINT OUT THE LEVEL OF DETAIL THAT'S GONE IN, IN ORDER TO ASSURE THE, THE POTENTIAL USE OF RECLAIMED WATER AT THE SITE.

SO THANK YOU FOR BRINGING THAT UP, MAYOR PRO TIM MEMBERS, UM, WHEN WE COME BACK, I'LL RECOGNIZE COUNCIL MEMBER SIEGEL, THEN COUNCIL MEMBER UCHIN, COUNCIL MEMBER CADRE, AND THEN COUNCIL MEMBER ALTER.

UM, BUT UNLESS

[E. Executive Session]

THERE'S OBJECTION, THE CITY COUNCIL WILL NOW GO INTO A CLOSED SESSION TO TAKE UP ONE ITEM, AND THAT'S PURSUANT TO SECTION 5 5 1 0 7, 1 OF THE TEXAS GOVERNMENT CODE.

THE CITY COUNCIL WILL DISCUSS LEGAL ISSUES RELATED TO ITEM E ONE, LEGAL ISSUES RELATED TO THE CITY'S ENERGY CODE REQUIREMENTS FOR NEW CONSTRUCTION.

THIS IS A PRIVATE CONSULTATION WITH LEGAL COUNSEL PURSUANT, AS I INDICATED, TO SECTION 5 51 0 7, 1 OF THE GOVERNMENT CODE.

IS THERE ANY OBJECTION TO GOING INTO EXECUTIVE SESSION ON THE ITEM THAT I'VE ANNOUNCED? HEARING NONE, THE COUNCIL WILL NOW GO INTO AN EXECUTIVE SESSION AT 11:46 AM I'LL CALL THE AUSTIN CITY COUNCIL WORK SESSION BACK TO ORDER.

IT'S 12:29 PM ON JULY 21ST, 2026.

WE ARE OUT OF A CLOSED SESSION.

IN THE CLOSED SESSION, WE DISCUSS LEGAL ISSUES RELATED TO ITEM E ONE.

UM, AS WE

COME BACK, UH, UM, THE ORDER THAT I'LL CALL PEOPLE OR COUNCIL MEMBER SIEGEL, COUNCIL MEMBER UCHIN, COUNCIL MEMBER CADRE AND COUNCIL MEMBER ALTER.

BUT BEFORE WE START, THAT COUNCIL MEMBER LANE HAD HAD SOME QUESTIONS ABOUT SOME OF THE NUMBERS, UH, THAT THE, UH, THAT AMAZON, THE FIRST USER MIGHT BE PAYING PEOPLE AND THAT KIND OF THING DURING THE BREAK.

UM, DR. JOHNSON RAN DOWN THOSE NUMBERS, AND SO I THOUGHT WE'D GET YOUR QUESTION ANSWERED, JUST IF THAT'S OKAY WITH EVERYBODY SIGNED UP TO SPEAK.

ALRIGHT, DR. JOHNSON, YOU HAVE THE FLOOR? YES.

THANKS.

UH, MAYOR WATSON, UH, COUNCIL MEMBER, UM, THE, WELL, LEMME SPEAK TO A COUPLE OF THINGS.

FIRST, THAT ADDS ADDITIONAL CONTEXT TO IT.

THERE ARE NO STATE, COUNTY, OR LOCAL INCENTIVES BEING SOUGHT BY AMAZON FOR THIS DEAL.

UH, THE WAGES ARE GOING TO BE BETWEEN WELL, BETWEEN 300 TO 500 JOBS, WAGES AVERAGING 70 5K TO 150 K WITH A SPECIAL FOCUS ON UPSKILLING AUSTIN TO BE PREPARED FOR THE JOBS.

UM, AND IT'S ALSO IMPORTANT TO NOTE THAT OF THE ENTIRE SITE, THEY'RE ONLY TAKING, UH, 11% OF THE SITE, WHICH IS ROUGHLY 300, 300 ACRES WITH THE INTENT OF BEING OPEN IN Q4 OF 2027.

SO I HOPE THAT ANSWERS YOUR QUESTION.

GREAT, THANK YOU.

ALL MEMBERS.

WHAT I'VE BEEN TRYING TO DO IS, AND WE ONLY HAD ONE MEMBER GO OVER THE 10 MINUTE DEAL, UM, UH, ONLY ONE WENT OVER THE 10 MINUTES.

WAS IT? I DON'T, I'M NOT GONNA, I'M NOT GONNA NAME NAMES, I'M NOT GONNA NAME NAMES.

UM, SO, BUT I WILL POLITELY REMIND EVERYBODY AT 10 MINUTES.

IT WAS NOT, YOU.

LET, LET, WE CAN NARROW THAT DOWN.

I'LL BE HAPPY TO SAY IT WAS NOT YOU, BUT, BUT, BUT I'M NOT, I'M NOT GOING TO POINT OUT MAYOR PRO TEM, WHO IT WAS.

UM, WE WE NEED A GONG.

ALL RIGHT.

COUNCILMAN SIEGEL, YOU HAVE THE FLOOR.

AND THEN AT 300 FEET SETBACK ALL ALONG THE SIX MILES? OR, OR WE, WE DON'T HAVE THE, THE, WE'RE WE'RE DIRECTOR LANG DO THE MATH FOR US.

AND, UM, I'LL JUST SAY I, I AM HAPPY TO SEE MOVEMENT ON A LOT OF THE ISSUES OF PUBLIC CONCERN, UH, AS WE WE'VE ANNOUNCED TODAY.

AND, UM, ALSO THANKFUL THAT, UH, CITY STAFF WAS ABLE TO ANNOUNCE THE FIRST USER TO HELP, UH, DISPEL SOME OF THOSE QUESTIONS.

UM, AND REALLY, MAYOR, I DO WANNA THANK YOU IN PARTICULAR, UM, ALONG WITH THE NEGOTIATING TEAM FOR CONTINUING TO IMPROVE THIS DEAL, UH, TO BETTER PROTECT THE RIVER AND RIP RIPARIAN HABITATS TO GET THESE JOB SAFETY PROTECTIONS AND WAGE GUARANTEES FOR CONSTRUCTION WORKERS.

I ALSO WANNA THANK THE PUBLIC.

I THINK, UM, ALL OF THE PUBLIC INPUT BOTH AT COUNCIL AND THE ENVIRONMENTAL COMMISSION HAS, UH, REALLY ELEVATED IMPORTANT DEMANDS AND IS NOW BECOMING PART OF THE PROPOSED DEAL.

UM, I WANNA START OFF WITH A QUESTION FOR, UH, MS. LINK PLEASE.

AND FROM WHAT I UNDERSTAND, THAT'S ABOUT SIX MILES OF RIVER FRONTAGE, UH, ON THE DOG HEAD PROPERTY, AS WELL AS SEPARATELY THIS ANNOUNCEMENT OF 260 ACRES OF OPEN SPACE.

AND SO, HAVE YOU BEEN ABLE TO CALCULATE WHAT THE ACTUAL IMPERVIOUS COVER PERCENTAGE WILL BE FOR THE ENTIRE TRACT? NOT YET, SIR.

IS IT FAIR TO SAY THAT WE'RE LOOKING AT OVER 20% OF THE TRACT THAT WON'T BE COVERED BECAUSE OF THESE COMBINED, UH, PROMISES OF 260 ACRES OF OPEN SPACE, WHICH IS BASICALLY 10%

[01:55:01]

UH, UM, MATH IS NOT MY STRONG SUIT.

SO HE HAVE ME DO IT.

WHY WENT LAW SCHOOL, RIGHT? .

SORRY.

THAT'S WHY YOU WENT TO LAW SCHOOL.

EXACTLY.

UM, SO I CAN'T ANSWER YOUR QUESTION AT THE MOMENT, BUT WE WILL GET THAT NUMBER BEFORE THURSDAY.

I, I THINK THAT WOULD JUST BE A VERY IMPORTANT NUMBER TO ANNOUNCE BECAUSE, UM, WHAT I'VE HEARD FROM AN ENVIRONMENTAL PERSPECTIVE, THE BIGGEST CONCERNS ARE THE CRITICAL WATER QUALITY ZONE, UH, THE SETBACK FROM THE RIVER AND THE IMPERVIOUS COVER REQUIREMENTS.

AND SO TO REALLY SHOW THE PUBLIC HOW THIS DEAL HAS EVOLVED, UH, BASED ON ENGAGEMENT, I THINK IT'S IMPORTANT.

UM, YOU KNOW, THERE'S ALSO BEEN A LOT OF PUBLIC CONCERN ABOUT THE SPEED OF THE PROJECT.

UM, MAYBE THE LACK OF TRANSPARENCY, ALTHOUGH WE'RE DEFINITELY ADDRESSING SOME OF THOSE CONCERNS TODAY.

UH, THE PUBLIC'S BEEN CONCERNED ABOUT HOW HARD IT'S BEEN TO ENGAGE EFFECTIVELY, YOU KNOW, UNDERSTANDING WHAT ANNEXATION IS, WHAT A DEVELOPMENT AGREEMENT IS, WHAT A IS.

AND I THINK ONE OF THE MESSAGES WE'VE HEARD FROM CITY STAFF IS THAT WE NEED SPEED, AND FRANKLY, WE NEED TO JUMP THROUGH THESE HOOPS PRETTY QUICKLY BECAUSE OF HOW ECONOMICALLY IMPORTANT THE DEAL IS.

AND SO I WANNA FOCUS MOST OF MY QUESTIONS ON HOW THIS DEAL PENCILS OUT.

AND, YOU KNOW, DIRECTOR ALVAS, YOU'VE DONE A GREAT JOB.

I THINK YOUR PRESENTATION DOES DISPEL, UH, SOME OF THE QUESTIONS, BUT I JUST WANNA ASK YOU OFF THE TOP, IF YOU COULD JUST SUMMARIZE WHY YOU THINK THIS IS A GOOD DEAL FOR AUSTIN.

SO WITHOUT THIS ANNEXATION, WITHOUT THE DEVELOPMENT AGREEMENT, WITHOUT THE T, THE CITY HAS NO RULE RIGHT NOW.

THE CITY GETS $0 FROM, FROM THIS PROPERTY WITH THE IZATION, WITH THE DEVELOPMENT AGREEMENT, WITH THE TOURS, WE'RE ABLE TO HELP, UH, A, A DEVELOPMENT TAKE PLACE THAT WILL BRING POTENTIALLY 12,000 UNITS OF HOUSING, UM, COMMERCIAL RETAIL, HOSPITALITY, UH, OTHER VARIOUS SERVICES TO AN AREA OF THE CITY THAT HAS STRUGGLED WITH DEVELOPMENT.

UH, WE'RE ALSO ABLE TO BRING AN ESTIMATED $26 BILLION IN TAXABLE VALUE TO OF THE CITY'S TAX ROLES THAT NEVER WOULD'VE EXISTED OTHERWISE.

WE'RE ABLE TO BRING JOB OPPORTUNITIES FOR COMMUNITY MEMBERS THERE ALREADY AND THOSE TO COME THAT NEVER WOULD'VE OTHERWISE EXISTED.

THERE IS A LOT OF NOTHING THAT WOULD'VE OCCURRED WITHOUT THIS, BUT THERE'S A WHOLE LOT OF, UH, THERE'S A WHOLE LOT OF OPPORTUNITIES THAT WILL TAKE PLACE.

AND IT ALSO IS THE CITY'S ROLE TO HAVE A SIGNIFICANT, UM, PLACE WHEN IT COMES TO PUBLIC INFRASTRUCTURE.

AND WE HAVE SET THIS TOURS UP AND AWAY TO BE, TO BE REIMBURSING PUBLIC ASSETS AT THE END OF THE DAY.

SO I, THIS IS ABSOLUTELY A GOOD DEAL FOR THE CITY.

HAVE THE CITY'S CREDIT ENHANCEMENT FOR IT, WE'RE ALSO REQUIRING A STABILIZATION COUNT.

UH, COUNCIL MEMBER SIEGEL, CAN I ADD TO THAT? SURE.

UM, JUST, UH, MAYOR, IF YOU COULD STOP TIMING ME FOR A SECOND, , I JUST, UM, UH, JUST TO ADD A LITTLE MORE CONTEXT TO THE QUESTION IN ADDITION, BEYOND WHAT, UM, UH, KIM DESCRIBED, IMAGINE A SITE 10 MINUTES FROM THE AIRPORT, 10 15 MINUTES FROM DOWNTOWN.

ARGUABLY THE BEST SITE IN CENTRAL TEXAS, AND SOME WOULD ARGUE POSSIBLY THE BEST SITE SELECTION SITE IN THE STATE OF TEXAS.

AND THE REASON, THE REASON I'M SAYING THIS IS BECAUSE WE ARE NOT A CITY WITH SHOVEL READY SITES IN THE SPACE OF SHOVEL READY SITES IN THE WORLD OF ECONOMIC DEVELOPMENT.

WE ARE NOW ENTERING THE GAME WHERE WE ARE GOING TO SAY, NOT JUST TO THE REGION, BUT BUT TO THE CITY, BUT TO THE REST OF THE COUNTRY, THAT WE NOW HAVE SITES WHERE WE CAN COMPETE FOR RESOURCES FOR JOBS.

SO I JUST WANTED TO SAY THAT BECAUSE FUNDAMENTALLY WHEN WE STARTED DOWN THIS ROAD, IT WAS REALLY ABOUT, YOU KNOW, HAVING THE ABILITY TO COMPETE, UM, BECAUSE WE KNOW WE'RE LOSING SOME OF OUR TRACTION TO, UM, OTHER SUBURBAN AREAS.

BUT I JUST WANTED TO PUT THAT POINT OUT THERE BECAUSE BEYOND THE FINANCIAL NUMBERS FROM A PHYSICAL PRESENCE, IT GIVES US ARGUABLY ONE OF THE BEST SITES, IF NOT THE BEST SITE IN THE STATE OF TEXAS.

THANK YOU SAM.

UH, DIRECTOR OLIVARES, I GUESS IN READING THE, THE DRAFT FINANCE PLAN, I NOTICED TWO POTENTIAL AREAS OF ECONOMIC RISK FOR THE CITY, UM, CREDIT RISK, AND THEN ANNUAL CASH FLOW.

AND SO, UM, IN TERMS OF CREDIT RISK, I KNOW SOME OF THIS WAS IN YOUR SLIDES, BUT WHAT GUARDRAILS ARE IN PLACE TO MAKE SURE THE CITY WON'T GET STUCK PAYING FOR DOGHEAD INFRASTRUCTURE BOND PAYMENTS WITH OUR GENERAL FUND DOLLARS? SO WITH THE FINANCING AGREEMENT, WHEN IT COMES TO THE ISSUANCE OF DEBT, WE PUT IN A NUMBER OF GUARDRAILS AND PROTECTIONS, UH, FIRST AND FOREMOST, UH, DEBT SERVICE COVERAGE RATIOS THAT HAVE TO BE BASED ON HISTORICAL NUMBERS.

SO IT CAN'T BE A, UM, WE, WE THINK AND HOPE, UH, THAT WE WILL HAVE THIS COVERAGE RATIO.

IT HAS, IT HAS TO BE BASED ON ACTUALS.

UH, WE ALSO ARE REQUIRING THE DEBT SERVICE RESERVE FUND, AND FOR THE DEBT THAT WOULD

[02:00:01]

SO WE ARE CREATING MULTIPLE HURDLES REALLY, THAT HAVE TO BE HANDLED OR CROSS BEFORE WE CAN EVEN, THE CITY WILL EVEN CONSENT TO ANY DEBT ISSUANCE.

UM, AND I THINK THAT'S ONE OF THE OTHER BIG COMPONENTS OF THAT THE CITY HAS TO CONSENT TO THESE DEBT ISSUANCES.

THE DEVELOPER DOES NOT GET TO MAKE THE DECISION ON WHEN IT ISSUES DEBT.

UH, WE WILL WORK COLLABORATIVELY ABSOLUTELY WITH THEM ON, ON, ON APPROPRIATE TIMING FOR REIMBURSEMENT, BUT IF THERE IS A CONCERN ABOUT THE FISCAL HEALTH OF THE TURS AND ITS ABILITY TO MEET DEBT SERVICE OBLIGATIONS, WE DO NOT CONSENT TO DEBT ISSUANCE.

IN TERMS OF ANNUAL CASH FLOW, UM, PLEASE DESCRIBE WHY YOU ARE SURE THAT THE CITY'S 25% SHARE OF NEW REVENUE IS ENOUGH TO COVER THE COST OF CITY SERVICES.

AND IN PARTICULAR, IT LOOKS PRETTY TIGHT FOR THE FIRST 10 YEARS, SO, SO WHAT GIVES YOU THE ASSURANCE THAT WE'RE NOT GONNA BE IN THE RED? SO, UH, WE WERE ABLE TO WORK WITH THE VARIOUS DEPARTMENTS THAT THE PUBLIC SAFETY DEPARTMENTS, UM, BASED ON THEIR CURRENT PERSONNEL COSTS, BASED ON CURRENT VEHICLE COSTS.

THEN WE TOOK THAT AND WE'RE APPLYING, UM, AN INFLATION AMOUNT TO THAT YEAR, OVER YEAR OVER YEAR.

SO WE'VE BEEN ABLE TO INCORPORATE CURRENT AND FUTURE COST, UH, PROJECTIONS INTO THE ENTIRE MODEL TO MAKE SURE THAT WE ARE COVERED FROM AN OPERATING BUDGET PERSPECTIVE.

SO VERY GRATEFUL TO ALL THE STAFF THAT ASSISTED IN, IN PULLING THAT INFORMATION TOGETHER FOR US TO DO THOSE CALCULATIONS.

I THINK YOUR PRESENTATION SHOWED THAT FOR THE FIRST 10 YEARS, WE'RE REALLY ONLY IN THE BLACK BY ABOUT $300,000 OR SO.

SO IT SEEMS LIKE ONE OR TWO UNEXPECTED EXPENDITURES COULD DISRUPT THAT, THAT PROJECTION.

ARE THERE ANY SAFEGUARDS, UM, THAT WOULD PREVENT US FROM HAVING TO USE GENERAL FUND DOLLARS TO COVER THE OVERAGE? SO FOR THOSE INITIAL YEARS, THE, THE AMOUNT OF SERVICE LEVEL, UH, IN THE AREA IS MINIMAL AT BEST.

UM, IT'S A HANDFUL OF OFFICERS.

UH, SO THE RISK IS, IS ACTUALLY, UM, MUCH, IT'S PRETTY LOW.

ALSO, IF THE POPULATION IS NOT COMING, IF THE RESIDENTIAL PRESENCES THERE, IF THE, IF THERE'S NOT SIGNIFICANT ENOUGH COMMERCIAL USE THERE, THEN THERE'S NO NEED TO BE, UH, WORRYING ABOUT ADDING ADDITIONAL OFFICERS, UH, TO BE ABLE TO COVER THAT BECAUSE WE'RE NOT GONNA ADD OFFICERS JUST TO ADD THEM.

WE'RE ONLY GONNA ADD THEM IF IT'S NECESSARY TO PROVIDE PROPER COVERAGE.

HOW WOULD, UH, ANTICIPATE UNANTICIPATED DELAYS IMPACT THE ANALYSIS? FOR EXAMPLE, IN THE FIRST 10 YEARS, BREAKING EVEN LOOKS PRETTY HARD, BUT WHAT IF THE PACE OF DEVELOPMENT DOES NOT MATCH WHAT IS PROJECTED HERE, SOME OUTSIDE FACTOR ECONOMIC GLOBAL EVENTS? WHAT IS THE RISK THAT THE COST OF SERVICE WOULD EXCEED OUR 25% REVENUE ALLOCATION FROM THE TOUR? SO FIRST AND FOREMOST, WHEN IT CAME TO THE SELLOUT SCHEDULE, THE DEVELOPMENT ASSUMPTIONS, UM, WE HAD CONSULTANTS ON BOARD WITH US TO REALLY DIG IN DEEP, UH, AND HARD ON THOSE ASSUMPTIONS, ON THOSE PROJECTIONS TO MAKE SURE THAT THEY WERE REASONABLE.

UM, THAT IS ALSO ONE OF THE BIGGEST DRIVERS FOR THE ECONOMIC AND MARKET FEASIBILITY ANALYSIS THAT'S INCLUDED AS BACKUP, UH, TO THE PRELIMINARY PROJECT AND FINANCING PLAN.

SO WE'VE DONE THE, UH, THE DEEP DIVE ON THOSE NUMBERS TO BEGIN WITH TO MAKE SURE THEY'RE REASONABLE.

AND THEN BASED ONCE WE MADE THAT, UH, DECISION THAT YES, THEY WERE REASONABLE WE THEN WERE VERY CONSERVATIVE WITH ALL OF OUR PROPERTY VALUE PROJECTIONS AND EVERYTHING, SO THAT WE GIVE OURSELVES THE ABILITY TO WEATHER THE STORM.

WHATEVER DOWNTURN MIGHT HAPPEN, WE'RE WE'LL STILL BE IN A GOOD SPOT.

UM, BUT IDEALLY IT, IT OVER PERFORMS BECAUSE WE HAVE BEEN SO CONSERVATIVE IN THOSE PROJECTIONS.

WELL, ONE OF MY BIGGEST DIS DISAPPOINTMENTS IN THIS PROCESS IS HOW THE CITY AND COUNTY DON'T SEEM TO BE WORKING TOGETHER.

UH, THIS IS A DEAL THAT IS JUST AS IMPORTANT FOR THE COUNTY AS IT IS FOR THE CITY.

AND IN TERMS OF REVENUE, UH, IN TERMS OF ENVIRONMENTAL PROTECTIONS, IN TERMS OF PUBLIC BENEFITS AND LABOR PROTECTIONS, THE COUNTY WOULD ALSO BENEFIT IN A MAJOR WAY.

AND THIS IS A THREE-WAY DEAL WITH THE CITY COUNTY DEVELOPER, BUT THE COUNTY DOESN'T SEEM TO BE NEARLY INVOLVED AS, AS MUCH AS THEY SHOULD BE.

UM, WHY IS THE PROPOSAL THAT THE COUNTY WOULD RECEIVE 50% OF NEW REVENUE TO THE DOGSIDE AREA, BUT THE CITY WOULD ONLY RECEIVE 25%.

SO THE 50% WAS BASED ON HISTORIC PARTICIPATION WITH THE WALL CREEK TOUR.

THEY'D AGREED TO 50%.

UM, SO THAT WAS JUST, THAT WAS QUITE FOR, UH, HONESTLY, THAT WAS OUR STARTING POINT.

UH, SO WE, WE WELCOME THEM TO BE PART OF THIS CONVERSATION.

WE WANT TO BE PARTNERS WITH THEM IN THIS.

THEY ABSOLUTELY HAVE, UM, OPPORTUNITIES TO, UH, BENEFIT FROM THIS.

UM, AND LIKE I NOTED, IF, IF THE WITHOUT THEIR PARTICIPATION, IT WILL LIKELY REQUIRE ADJUSTMENTS TO THE DEVELOPMENT SCOPE THAT WOULD IMPACT, UH, BENEFITS THAT THEY WOULD OTHERWISE SEE.

SO WE ABSOLUTELY INVITE THEM TO THE TABLE.

WE WANT TO BE PARTNERS AND, AND WE LOOK FORWARD TO THOSE CONVERSATIONS.

AND I'LL JUST ASK ONE MORE BEFORE I'LL YIELD BACK TO THE MAYOR.

UM, MY UNDERSTANDING IS RIGHT NOW THE CITY IS

[02:05:01]

PLEDGING.

IF THE COUNTY APPROVES THE 50 50 TURS ON THEIR SIDE, THE CITY WOULD BE PLEDGING TWICE AS MUCH AS THE COUNTY TO PAY FOR THE INFRASTRUCTURE.

PLUS THE CITY IS USING ITS CREDIT TO IMPROVE THE INTEREST RATE THE DEVELOPER CAN TAKE ADVANTAGE OF.

PLUS THE COUNTY WILL SAVE MONEY BECAUSE THE CITY HAS ANNEXED THE LAND AND THE COUNTY IS NO LONGER OBLIGATED TO PROVIDE SERVICES.

SO I GUESS I WANNA TRY THIS QUESTION ONE MORE TIME.

WHY CAN'T WE GET A MORE EQUITABLE INVESTMENT BETWEEN THE CITY AND COUNTY? SO EACH GOVERNMENTAL AGENCY BENEFITS FAIRLY FROM THE UPSIDE OF THE DEVELOPMENT.

AGAIN, I, I, I ABSOLUTELY WELCOME, UM, AND LOOK FORWARD TO TALKING WITH THE COUNTY GOING FORWARD.

WE HAVE, AS I NOTED IN THE STEPS FOR CREATION OF THE TOURS AND THE, UM, WHAT HAPPENS FOLLOWING THURSDAY'S VOTE.

THERE IS ABSOLUTELY AN OPPORTUNITY FOR, FOR THEM TO BE ADDED INTO THE, THE PLAN.

UM, AND, AND IDEALLY IT WOULD BE GREAT TO HAVE THAT CONVERSATION WITH THEM TO, TO FIGURE OUT A, A, AN EQUITABLE AND, AND EQUALLY BENEFICIAL APPROACH TO THE CONTRIBUTION RATES.

SO, UM, LOOK FORWARD TO THOSE CONVERSATIONS.

IF I MAY, MAYOR, COUNCIL MEMBER, ALSO, KEEP IN MIND THE INFRASTRUCTURE THAT WILL BE CONSTRUCTED IN DOG HEAD WILL BE PRIMARILY THE CITIES.

IT WILL NOT BE COUNTY INFRASTRUCTURE.

SURE.

SO THAT LENDS TO ALSO WHY WE'RE WE HAVE A HIGHER CONTRIBUTION RATE THAN THE COUNTY BECAUSE WE WILL ULTIMATELY OWN ALL OF THOSE ROADS.

IS THAT A GOOD THING? THAT WE OWN ALL THE ROADS? I THINK OUR STAFF PREFERS TO OWN THE ROADS.

UM, BUT I MEAN, THAT'S GONNA BE PART OF OUR RESPONSIBILITIES.

SO IT'S ANNEXED INTO THE CITY, AND WE HAVE OBLIGATIONS TO MAKE SURE THAT THEY HAVE TRANSPORTATION ACCESS, ROADWAYS, ALL OF THOSE THINGS.

AND WE'RE, WE WILL BE PAYING FOR THAT OUT OF THE TURS.

AND IT COSTS MORE THAN THE BENEFITS THE COUNTY MAY SEE OR NEED TO SPEND MONEY ON COMPARED TO THE CITY.

COUNCIL MEMBER UCHIN.

COUNCIL MEMBER CADRE.

COUNCIL MEMBER ALDER.

AND THANK YOU FOR, UH, THE UPDATES TODAY.

AND I AM ALSO ENCOURAGED ABOUT THE DIRECTION THIS IS MOVING.

THAT SAID, I FEEL LIKE THESE DAYS I TEND TO GET TWO KINDS OF EMAILS.

ONE THAT ARE WEIGHING IN ON CUSTOMER SOCIAL SERVICES.

WHEN I'M NOT GETTING THOSE ONES, I'M GETTING ONES THAT ARE, HAVE MANY THOUGHTS ABOUT, UH, THIS PROJECT DOG HEAD.

AND I'M ASSUMING I'M NOT THE ONLY ONE UP HERE THAT IS SORT OF IN THAT SITUATION.

AND MY SUSPICION IS THAT THERE'S A, YOU KNOW, A CONNECTION HERE, A RELATIONSHIP THAT ABOUT HOW WE HAVE OR DON'T HAVE RESOURCES TO FUND CERTAIN CITY PRIORITIES, UH, NOW OR IN THE FUTURE.

AND I SENSE IT'S THE HEART OF SOME QUESTIONS THAT I'VE GOT ABOUT ECONOMIC DEVELOPMENT IN THE PROJECT.

AND SO, STARTING THERE, I'D LIKE TO GET, YOU ALSO HAVE TO PERHAPS DR.

JOHNSON'S PERSPECTIVE.

YOU KNOW, WE'RE CURRENTLY WORKING ON BUILDING AN ECONOMIC DEVELOPMENT STRATEGY AFTER, FROM MY UNDERSTANDING, NOT REALLY HAVING A STRATEGY FOR SOME TIME, OR AT LEAST A CLEAR STRATEGY.

UH, I'M CURIOUS WHERE YOU SEE A PROJECT LIKE THIS IN THE CONTEXT OF WHAT THAT STRATEGY MIGHT BE.

UM, HERE'S WHERE DOG'S HEAD IN THE PROJECT OF THIS SCALE.

AND, YOU KNOW, WHAT WE CALL TRANSFORMATIVE CATALYTIC PROJECTS.

IF, IF THE MESSAGE IS AUSTIN IS OPEN FOR BUSINESS, AUSTIN IS GOING TO BE, UM, INTENTIONALLY LEADING WITH AN ECONOMIC DEVELOPMENT STRATEGY.

YOU HAVE TO DO THAT BY COMING OUTTA THE GATES WITH WHAT WE CALL CATALYTIC PROJECTS.

THOSE ARE REVENUE GENERATING PROJECTS THAT'S GONNA HELP THE TAX BASE.

THOSE ARE PROJECTS THAT WILL COMMUNICATE AND SHOW THAT WE ARE, WHAT WE SAY WE ARE.

SO IN THE MAYOR'S RESOLUTION DESCRIPTION OF THE ECONOMIC DEVELOPMENT STRATEGY, IT'S ALL BASICALLY ALIGNED.

SO I THINK THE THINGS YOU'RE GONNA SEE COMING FORWARD RELATED TO HOW WE STRENGTHEN SMALL BUSINESSES, HOW DO WE CREATE, UH, DO MORE WITH LESS IN TERMS OF, UM, UM, SUPPORTING A STRONGER SMALL BUSINESS INFRASTRUCTURE? HOW WE GET MORE SPECIFIC ABOUT THE TYPES OF, UM, UM, OR WHAT OUR FOCUS WOULD BE TO GROW THE ECONOMY.

AND THE INTERESTING THING ABOUT THIS IS, IF YOU ARE TO DO TRUE ECONOMIC DEVELOPMENT, YOU NEED TO LEAD WITH A SIGNAL.

AND THIS IS A SIGNAL THAT IS SAYING THAT, UM, WE ARE SERIOUS ABOUT ECONOMIC DEVELOPMENT.

YOU KNOW, I WOULD ARGUE THAT, UM, GIVEN THE REGIONAL COMPETITION, GIVEN THE NATIONAL COMPETITION, WE CAN'T REST ON OUR LAURELS, TO BE HONEST WITH YOU.

SO, AND I THINK IN THE FINAL ANALYSIS, DOG'S HEAD SETS US UP FOR THAT TYPE OF COMPETITIVE ADVANTAGE THAT I THINK WE NEED.

UH, I'M GONNA ASK THEN ABOUT THE INVERSE OF THAT.

WHAT HAPPENS IF WHATEVER REASON WE DELAY OR POSTPONE OR, UM, IT JUST DOESN'T WORK OUT.

WE DON'T APPROVE IT, IT DOESN'T GO THE, THE THE WAY WE THOUGHT IT MIGHT.

WHAT HAPPENS THEN, IN TERMS OF ECONOMIC DEVELOPMENT STRATEGY AND, AND YOUR, AND WHAT YOU JUST SAID,

[02:10:07]

LET ME SAY THIS.

COUNCIL MEMBER, UM, FROM A PEER ECONOMIC DEVELOPMENT STANDPOINT, AND FROM AN AMERICAN CITY PERSPECTIVE, LARGE AMERICAN CITY PERSPECTIVE, THE ANNEX, THE SIZE AND SCALE OF LAND THAT THE COUNCIL APPROVED IS A MONUMENTAL FEAT IN THE WORLD OF AMERICAN CITIES.

SO TO THE POINT OF, LET'S SAY IF THIS WERE TO NOT HAPPEN AND WE HAVE TO REVERSE COURSE, AND THIS IS DE ANNEXED IN THE WORLD OF ECONOMIC DEVELOPMENT, I THINK THE MESSAGE AROUND THE COUNTRY AND THE WORLD IS, UM, CITY DE ANNEXES 2,700 ACRES, UM, AND STALLS IN ITS ECONOMIC DEVELOPMENT STRATEGY.

I THINK THAT'S THE MESSAGE.

I THINK IT'S ONE THAT I'VE BEEN DOING THIS LONG ENOUGH TO KNOW THAT THAT WILL BE THE MESSAGE.

SO TO THE QUESTION OF WHAT HAPPENS, I THINK IT, IT SLOWS US DOWN FROM A MESSAGE PERSPECTIVE.

IT SHOW SLOWS US DOWN FROM A COMPETITIVE PERSPECTIVE.

'CAUSE AGAIN, MAKE NO MISTAKE ABOUT IT.

WE HAVE COMPETITION.

A COMPETITION IS SURROUNDING US.

IT'S ALL OVER THE COUNTRY.

SO COUNCIL MEMBER, I THINK THAT'S REALLY WHAT IT IS.

THAT IS THE MESSAGE I THINK THAT WILL HIT THE WIRES, UM, AROUND THE COUNTRY RETURNS OF ECONOMIC DEVELOPMENT.

SYSTEM THAT BENEFITS THE ENTIRETY OF THE, OF THAT AREA.

I APPRECIATE THAT ANSWER.

I'M GOING TO SORT OF PIGGYBACK ON THIS DIRECTION AND SAY WE'VE HEARD TODAY FROM SOME SPEAKERS THAT, YOU KNOW, MANY WOULD PREFER THAT WE HAD MORE TIME WITH THIS, UH, OR THAT WE PUSHED HARDER FOR MORE CITY BENEFITS.

AND I'M CERTAINLY DON'T DISAGREE WITH THAT APPROACH, THAT, THAT WAY OF THINKING.

IT'S, I THINK, INCUMBENT US TO FIGURE OUT HOW DO WE ENSURE THAT OUR TAXPAYERS, UH, YOU KNOW, AREN'T SUBSIDIZING HIGHLY PROFITABLE COMPANIES WITHOUT BENEFITS TO THE CITY AND COMMUNITY.

MY UNDERSTANDING, THOUGH, IS THAT THERE'S A VERY AGGRESSIVE TIMELINE HERE, WHERE EVERY DAY IS PRECIOUS.

AND TO DO THAT MIGHT BE THE EQUIVALENT OF WALKING AWAY FROM THIS OPPORTUNITY.

UH, SO I THINK THAT, UH, MS. OLIVER SPOKE TO THIS A FEW MINUTES AGO, BUT I WANNA MAKE SURE I UNDERSTOOD THE FULL IMPLICATIONS.

IF WE WIND UP, UH, DECLINING AND WE, AND, AND THE, AND THE COMPANY GOES THE MUD ROUTE, AND, YOU KNOW, WE TALKED ABOUT $26 BILLION OF, UM, TAXABLE VALUE BY 2061, WHAT DOES THAT DO? WE HAVE A COMPARISON ABOUT WHAT THE MUD ROUTE LOOKS LIKE BY 2061, THAT HELPS US UNDERSTAND WHAT THESE TWO OPTIONS REALLY MEAN FOR THE CITY AND COMMUNITY.

SO IF THIS WERE TO GO WITH THE MUD ROUTE, IT WOULD MEAN THAT, UH, THE DEVELOPER IS DE ANNEXING.

IT MEANS THEY ARE REMOVING THEMSELVES FROM THE ETJ.

IT MEANS WE HAVE ZERO ROLE, ZERO REVENUES.

THE COUNTY WOULD THEN BE RESPONSIBLE FOR THE, UH, THE DEVELOPMENT, WHATEVER HAPPENS.

THEY WOULD BE RESPONSIBLE FOR SERVICE LEVELS, UM, BASED ON EARLY ESTIMATES.

UM, A SINGLE FAMILY HOME MAJORITY TYPE OF DEVELOPMENT, UM, WOULD, WOULD LIKELY ONLY PROVIDE AROUND $250 MILLION OR SO OF, OF PROPERTY TAX REVENUE OVER THAT 35 YEAR TIMEFRAME.

UH, AND THAT WOULD BE ON THE COUNTY END.

UH, SO, AND, BUT SO WITH WHAT'S BEING PROPOSED, THEY WOULD ACTUALLY BE RECEIVING MANY TIMES THAT AMOUNT, UH, BECAUSE AT THE 50% CONTRIBUTION RATE, THEY WOULD BE, UH, KEEPING AND CONTRIBUTING ABOUT $520 MILLION.

AND IN TERMS OF THE ENVIRONMENTAL PIECE OR ANYTHING LIKE, OR, OR, OR THE OTHER FACETS OF THIS, CAN YOU, IS THERE A COMPARISON? IS THERE A NEAT TABLE? IS THERE ANYTHING THAT YOU CAN SHARE THAT KIND OF, AGAIN, COMPARES THESE TWO WAYS THAT, UM, DEPENDING ON OUR CHOICES, THE CLIENT MIGHT MAKE DIFFERENT CHOICES THEMSELVES OR THE, THE, THE, THE ANCHOR TENANT? SO I'M NOT SURE FROM AN ENVIRONMENTAL STANDPOINT THAT BASED ON WHAT WE KNOW RIGHT NOW, WHAT THAT WOULD LOOK LIKE, I WILL SAY REGARDLESS, THIS IS STILL IN OUR SERVICE AREA, SO WE WILL BE REQUIRED TO PROVIDE UTILITIES.

SO WE STILL WILL HAVE THAT ROLE, BUT WE WILL HAVE NOTHING ELSE.

AND SO THE, UH, THE COUNTY'S REGULATIONS, UM, I WILL CONFIRM WHAT THEIR IMPERVIOUS COVER WOULD BE COMPARED TO OURS.

UM, BUT I AM, THINGS WOULD LOOK DIFFERENT, UM, I THINK FROM AN ENVIRONMENTAL STANDPOINT AS WELL, UM, BECAUSE THERE WOULDN'T LIKELY BE THE MONEY TO DO THE REGIONAL STORM WATER

[02:15:01]

SO THAT'S PROBABLY ONE THING I COULD POINT TO THAT WOULD NOT BE FEASIBLE IF THEY GO A MUD ROUTE, IF IT BECOMES A PREDOMINANTLY SINGLE FAMILY.

IT WOULD BE USEFUL THEN, IF POSSIBLE, TO GET SOME KIND OF COMPARISON BETWEEN THOSE OPTIONS AND WHAT THOSE MEAN FROM, AGAIN, DIFFERENT STANDPOINTS, WHETHER THEY'RE E ECONOMIC, ENVIRONMENTAL, UM, UH, PROPERTY VALUE, ET CETERA, IF THAT'S POSSIBLE TO PRODUCE, OR IF YOU HAVE THAT INFORMATION NOW OR LATER THIS WEEK.

UM, AND I'LL JUST SAY, YOU KNOW, I WOULD IMAGINE I HAVE THE GREATEST COMFORT LEVEL ABOVE HERE FOR HAVING MORE SINGLE FAMILY HOMES IN THIS SPACE.

BUT I CAN ALSO WANNA SAY, I, I APPRECIATE THE NODE BASED DEVELOPMENT, RIGHT? THAT IF WE ARE SAYING, UM, AND I WOULD AGREE THAT MUELLER AND DOMAIN HAVE BEEN SUCCESSES, AND IF WE ARE SAYING THIS IS A NEW NODE FOR DENSITY, THAT'S ALSO A COMPELLING ARGUMENT, UH, TO ME IN MANY WAYS.

SPEAKING OF MUELLER, I WANT TO ASK ABOUT, AND I'VE CERTAINLY RECEIVED A LOT OF, YOU KNOW, INFORMATION, UH, PEOPLE TRYING TO COMPARE THIS PROJECT TO, TO THAT DEVELOPMENT.

UM, AND IN SOME WAYS I'M SORT OF SYMPATHETIC TO THAT COMPARISON.

WHEN WE LOOK AT THE AGREEMENTS, I THINK THAT'S LIKE 800 PLUS PAGES, AND THIS IS ABOUT 50 PAGES.

SO I'M WONDERING IF YOU CAN SPEAK TO WHETHER THAT'S A FAIR COMPARISON OR MEANINGFUL COMPARISON.

UH, WE OBVIOUSLY TALK ABOUT THE SIZE, THE ACREAGE, BUT IN OTHER ASPECTS.

UM, THEN I'VE GOT SOME SPECIFIC QUESTIONS.

I'LL ASK IT RIGHT AFTERWARDS ABOUT SOME DETAILS OF THAT PROJECT VERSUS THIS ONE.

I THINK THERE IS COMPARISON IN THAT THE, THE CITY, UM, ABSOLUTELY CONTRIBUTED TO PUBLIC INFRASTRUCTURE AS IS BEING PROPOSED HERE.

BEYOND THAT, IT IS TWO COMPLETELY DIFFERENT PROJECTS.

UH, FIRST AND FOREMOST, WITH MILLER, WE OWNED ALL OF THE LAND FROM DAY ONE.

UH, THAT ELIMINATED, UM, A COST, UM, THAT WE ARE VERY, THE CITY OF AUSTIN IS VERY LUCKY IN THAT WE'VE HAD THOSE OPPORTUNITIES WITH MILLER, WITH SEA HOME, WITH COLONY PARK NOW, WHERE WE HAVE CITY OWNED LAND.

AND THROUGH THAT, WE HAVE, THROUGH THAT OWNERSHIP INTEREST, WE ARE ABLE TO REQUIRE SIGNIFICANT COMMUNITY BENEFITS.

THAT IS ONE OF THE MAIN REASONS WHY YOU SEE SUCH EXTENSIVE DEVELOPMENT AGREEMENTS FOR THOSE PROJECTS, IS BECAUSE WE WERE ABLE TO DEMAND THOSE THINGS BECAUSE WE OWNED THE LAND.

MM-HMM .

UM, WE ALSO, UM, THERE WAS EXTENSIVE COMMUNITY ENGAGEMENT EFFORTS BECAUSE WE OWNED THE LAND.

THERE WAS A PUD SO THERE WAS MUCH MORE CLARITY, UM, ON WHAT WAS HAPPENING BECAUSE IT WAS A PUD, THIS IS NOT A PUD.

UM, SO I THINK THERE'S ALSO A BIG DIFFERENCE THERE.

UM, AND ALSO, QUITE FRANKLY, THAT WAS A QUARTER OF THE SIZE OF WHAT WE'RE DEALING WITH HERE.

SO THE, THE SCALE IS JUST SO MUCH MORE.

AND, UM, ALL OF THE OTHER COMPONENTS ARE SO VERY DIFFERENT, UM, THAT IT'S NOT NECESSARILY, IT'S NOT AN APPLES TO APPLES COMPARISON.

COUNCIL, I THINK YOU ANSWERED MY NEXT QUESTION, WHICH, OKAY.

YOU'RE, YOU'RE, IF YOU DON'T MIND, WE CAN COME BACK AND OKAY.

IF THAT'S OKAY.

COUNCIL MEMBER CADRE, COUNCIL MEMBER ALTER, AND THEN COUNCIL MEMBER SIEGEL AGAIN.

UM, AND AS A COUNCIL MEMBER WHO REPRESENTS MILLER, IT'S A, IT'S A GREAT NEIGHBORHOOD.

SO I JUST WANTED TO SAY THAT, UH, IT'S GETTING A LOT OF LOVE TODAY.

UM, I, I JUST HAD A FEW QUESTIONS.

UM, SOME OF THEM GOING OFF OF, UH, SOME OF MY COLLEAGUES QUESTIONS, UM, AND THEN SOME OFF OF EMAILS THAT WE'VE BEEN GETTING THAT I, I'D LIKE TO ASK DR. JOHNSON ABOUT.

BUT THE FIRST QUESTION I HAD, UH, IT WAS MENTIONED THAT, UH, DR. JOHNSON AND YOU MENTIONED EARLIER THAT, UH, THE TENANT WOULD BE AMAZON AND THEY WOULD BE DOING ROBOTICS WORK.

WHAT EXACTLY WOULD THAT LOOK LIKE? I DON'T HAVE THE SPECIFIC DETAILS, BUT WHAT I DO KNOW, IT'S FOR THE, UM, COMPANY'S, UM, OVERALL BUSINESS USE.

THAT'S WHAT WE KNOW TO DATE.

GOT IT.

UM, AND THEN MY, I DID HAVE A QUESTION ON THE, ON THE SALARY, BUT I, I KNOW THAT WAS, THAT WAS FOLLOWED UP BY COUNCIL MEMBER LANE, UM, $2.25 BILLION.

UM, IT'S BEEN IN ALL OUR INBOXES.

IT'S, UH, IT'S, THERE'S AN EMAIL THAT'S GOING ON THAT'S SAYING THERE'S $2.25 BILLION IN TAX SUBSIDIES.

COULD YOU EXPLAIN THAT, WHERE THAT NUMBER COMES FROM? 'CAUSE I, I CAN'T, I CAN'T FIND IT.

I'LL TURN THAT TO KIM.

SURE.

THAT WOULD BE COMING FOR COMING BACK INTO THE ZONE FOR PUBLIC INFRASTRUCTURE.

SO WHAT THEY'RE LIKELY REFERENCING WAS EARLIER PRESENTATIONS WHERE WE WERE LOOKING AT THE POSSIBILITY OF AN 80% CONTRIBUTION RATE, PLUS THE 50% CONTRIBUTION RATE FROM THE COUNTY.

AND THE TOTAL AMOUNT OF HERS REVENUE THAT WOULD GO TOWARDS PUBLIC INFRASTRUCTURE WAS ABOUT, WAS AROUND THAT $2.2 BILLION.

NOW, UM, WITH THE, WITH THE PROJECTIONS NOW, UM, WITH OUR, OUR CONTRIBUTIONS, UM, WE'RE LOOKING AT A, AT, AT NO MORE THAN $1.18 BILLION

[02:20:03]

FOR THOSE PUBLIC ASSETS WE WOULD OWN.

UM, IN ADDITION TO THE UPDATED NUMBERS, I DON'T THINK IT'S ALSO IMPORTANT TO NOTE THAT THROUGH THE TERM SHEET THAT WE HAVE SET, UM, AND AGREED UPON WITH THE DEVELOPER AROUND THE FINANCING, WE ACTUALLY HAVE A CHECK-IN POINT ALONG THE WAY OF ONCE $1.5 BILLION IN INFRASTRUCTURE HAS BEEN REIMBURSED.

WE HAVE, WE HAVE A, A, A CHECK OF HOW ARE THINGS GOING? ARE THEY GOING GREAT? ARE THEY GOING OKAY? ARE THEY NOT GOING SO GREAT? UM, AND THE, WITH THAT REVIEW, UM, COUNCIL, THE CITY COUNCIL AT THAT TIME WILL HAVE THE OPPORTUNITY TO ASSESS, ARE THOSE CONTRIBUTION RATES STILL APPROPRIATE? SO AGAIN, THIS IS NOT A SUBSIDY, THIS IS NOT A TAX BREAK.

THIS IS REIMBURSEMENT FOR PUBLIC INFRASTRUCTURE.

AND WE HAVE NUMEROUS GUARDRAILS PUT INTO PLACE, NOT ONLY FOR DEBT ISSUANCE, BUT ALSO FOR OVERALL REIMBURSEMENT TO MAKE SURE THAT IT'S, THERE'S THAT CHECKS AND BALANCES, UH, THROUGHOUT THE LIFE OF THE PROJECT.

THANKS FOR THAT EXPLANATION.

THAT'S IT.

COUNCIL MEMBER, UM, COUNCIL MEMBER ALTER, COUNCIL MEMBER SIEGEL AND THE MAYOR PRO TEM.

UH, I WANNA START WITH, UH, SOMETHING THAT, UH, WAS MENTIONED IN TERMS OF THIS BEING, YOU KNOW, ALLOWING FOR A LARGE SPACE FOR SHOVEL READY PROJECTS.

AND, UM, I THINK FROM AN ECONOMIC DEVELOPMENT PERSPECTIVE, SURE.

THAT THAT'S A, A GREAT BENEFIT.

BUT, YOU KNOW, MY NEIGHBOR OR WHOMEVER IN THE COMMUNITY, LET'S BE HONEST, THEY DON'T CARE THAT MUCH ABOUT HAVING A SHOVEL READY PROJECT, RIGHT? THEY WANNA KNOW WHY IS THIS BENEFITING ME AS AN AUSTINITE? AND WE'VE TOUCHED ON IT IN VARIOUS WAYS, BUT WE, WE WANT ECONOMIC DEVELOPMENT BECAUSE IT GROWS THE TAX BASE BECAUSE THE BROADER THE TAX BASE, THE LESS BURDEN ON THE INDIVIDUAL.

IS THAT A CORRECT STATEMENT? YES.

SO WHEN SOMEONE SAYS, WHY IS THIS BENEFIT ME? ONE ANSWER IS, WELL, YOU ARE GOING TO BE SHOULDERING LESS OF THE BURDEN OF PAYING FOR CITY SERVICES.

YES, YES.

, UM, WE'VE ALSO TALKED ABOUT THIS BEING A, A, A FINANCING MECHANISM FOR PUBLIC INFRASTRUCTURE.

HOW DO WE FUND PUBLIC INFRASTRUCTURE TODAY IN AN AREA OUTSIDE OF HERS? IF WE WANNA BUILD A LARGE ROAD, HOW DO WE PAY FOR THAT? UH, IF WE WOULD TYPICALLY BE RELIANT UPON, UH, BOND PROGRAM DOLLARS, UH, SO PROPERTY TAXES, WHICH IMPACTS THE PROPERTY TAX RATE FOR, FOR RESIDENTS.

AND UNDER THIS PROPOSAL, WE WILL HAVE A, AND, AND THOSE PROPERTY TAXES, WHETHER YOU'RE BUILDING THE ROAD IN DISTRICT FIVE OR IN DISTRICT THREE, OR IN DISTRICT SEVEN, WE ALL PAY FOR THAT ROAD.

RIGHT.

THAT PROPERTY TAX ISN'T JUST FOR THAT COMMUNITY, IT'S FOR THE ENTIRE CITY.

AND IN THIS SITUATION, WE HAVE THE COMMUNITY THAT IS BENEFITING FROM THAT DIRECTLY.

CERTAINLY PEOPLE MIGHT DRIVE THROUGH IT, BUT THE, THE DIRECT IMPACT, THE, THE MOST IMMEDIATE USERS, THAT IS THE ONLY COMMUNITY PAYING THE PROPERTY TAXES FOR THAT INFRASTRUCTURE, CORRECT? CORRECT.

UM, IN TERMS OF BUILDING, LET'S SAY RECLAIMED WATER MAINS OR REGULAR WATER MAINS, WHO PAYS FOR THAT? RIGHT NOW? IF WE WANNA BUILD A NEW PIPE SOMEWHERE, ALL RATE PAIRS.

WHAT ABOUT NEW ELECTRIC LINES? RATE PAIRS.

UM, SO, YOU KNOW, I THINK WE GET SO FAR AFIELD WITH, YOU KNOW, AS YOU STARTED WITH, RIGHT? TS IS, ARE, THEY'RE DIFFERENT, THEY'RE WEIRD.

UM, WE DON'T DO 'EM ALL THE TIME, BUT AT THE END OF THE DAY, THIS IS A WAY TO USE LOCALIZED TAX DOLLARS TO PAY FOR LOCAL PUBLIC INFRASTRUCTURE THAT THEN WE OWN.

WE, UH, GOOD AFTERNOON, SHAY ROLSON, AUSTIN WATER DIRECTOR.

UM, I DO WANT TO ALSO TOUCH ON OR UNDERSTAND A LITTLE BIT, AND THIS MIGHT BE A QUESTION FOR DIRECTOR ROLSON.

COUNCIL MEMBER UCHIN ASKED ABOUT KIND OF THE DIFFERENT PICTURE OF A MUD VERSUS THIS DEVELOPMENT THAT WE'RE TALKING ABOUT.

AND UNDER A MUD SCENARIO, YOU TOUCHED ON A LOT OF SINGLE FAMILY HOMES.

YOU KNOW, WE, WE'VE SEEN THAT TYPE OF SPRAWL ALL OVER FROM A, A WATER USE PERSPECTIVE, WHO USES, AND WE'LL JUST SAY ON A PER CAPITA BASIS, 'CAUSE IT'S, YOU KNOW, WHERE YOU DRAW THE LINE.

BUT ON A, ON A PER CAPITA BASIS, WHO USES MORE WATER? IS IT A, A DENSE DEVELOPMENT OR A SINGLE FAMILY KIND OF SPRAWL TYPE DEVELOPMENT?

[02:25:04]

UH, THANK YOU COUNCIL MEMBER FOR YOUR QUESTION.

WE DO HAVE A, WHAT WE CALL A DISAGGREGATED DEMAND MODEL WHERE WE'RE ABLE TO LOOK AT WATER USE BY CUSTOMER CLASS.

UM, AND ABOUT HALF OF OUR WATER USE IS RESIDENTIAL WATER USE.

UM, AND I, I DO THINK THAT POINTS TO THE DENSER DEVELOPMENT BEING, UH, MORE, UM, UH, UH, UH, EFFICIENT WATER USE.

AND IN TERMS OF WHO IS MORE LIKELY TO HAVE RECLAIMED WATER USAGE, DO WE SEE THAT VERY OFTEN IN JUST YOUR SINGLE FAMILY RESIDENTIAL COMMUNITY? WE, WE DO NOT.

WE SEE MORE OF OUR RECLAIMED WATER USE IN, UM, IN, UH, IRRIGATION OF OUR OPEN SPACES.

UH, AND IN TERMS OF USE IN BUILDINGS, IT'S MORE EFFICIENT TO, UH, DUAL PLUM BUILDINGS FOR A TOILET FLUSHING WHEN THEY HAVE, UM, WHEN THEY'RE MORE, WHEN THEY'RE, UH, MORE STORIES, MORE DENSE DEVELOPMENT.

UM, TOUCHING ON THE DEVELOPMENT STANDARDS, I WAS UNDER THE IMPRESSION THE COUNTY HAS NO IMPERVIOUS COVER REQUIREMENTS.

ARE, ARE YOU AWARE OF ANY THAT MAYBE I AM NOT.

SO AS, AS MUCH AS PEOPLE SAY OUR CODE IS CONFUSING, THEIRS IS AS WELL.

SO THEY DO HAVE SOME, BUT IT'S FOR SOME DISCREET SITUATIONS.

AND SO THAT'S WHY I WANT TO GO AHEAD AND DOUBLE CHECK AND MAKE SURE THAT I'M LOOKING AT THE RIGHT PIECE AND TRY TO CONFIRM WITH OUR COUNTERPARTS AT THE COUNTY.

GENERALLY SPEAKING THOUGH, THERE ARE NO IMPERVIOUS COVER, WHICH TO PUT ANOTHER WAY IS A HUNDRED PERCENT ALLOWABLE AND IMPERVIOUS COVER IN THE COUNTY.

GENERALLY SPEAKING, THERE'S ARE MORE FAVORABLE.

THAT'S WHY WE'VE ACTUALLY HAD MANY PROPERTIES RELEASED FROM THE ETJ IS OVER IMPERVIOUS COVER.

RIGHT.

AND THERE HAS BEEN A LOT OF DISCUSSION ABOUT MILLER TODAY.

UH, I WENT AND LOOKED AT THE MILLER PUD AND THERE ARE MULTIPLE, UM, MULTIPLE CATEGORIES, BUT FOR THE MOST RELAXED IMPERVIOUS COVER IN MILLER IS 75%.

THAT'S FOR A RESIDENTIAL YARD HOUSE.

FOR RESIDENTIAL ROW HOMES, IT'S 95%.

FOR MULTIFAMILY, IT'S 90%.

FOR CIVIC USE, IT'S A HUNDRED PERCENT, UM, MULTIFAMILY, 95 COMMERCIAL A HUNDRED PERCENT.

SO WHEN WE LOOK AT WHAT IS ALLOWABLE IN MILLER, IT'S 75% OR MORE IMPERVIOUS COVER.

AND I HAD A LOT OF CONCERNS ABOUT THE UNLIMITED IMPERVIOUS COVER IN THE DEVELOPMENT AGREEMENT, AND I APPRECIATE THE MAYOR AND ENDEAVOR WORKING WITH US TO FIND A MORE REASONABLE NUMBER.

AND 79% IS, YOU COULD SAY, RIGHT IN LINE, POTENTIALLY EVEN A LITTLE MORE, UM, LAND CONSERVATION THAN WHAT WE HAVE IN MILLER.

SO JUST FROM A, UM, IMPERVIOUS COVER PERSPECTIVE, I THINK THAT IS A, A LARGE, UM, BENEFIT AND, AND THING THAT WE'RE SECURING IN, IN THIS AGREEMENT.

SO I, I REALLY WANNA HIGHLIGHT THAT.

UM, LASTLY, I JUST WANT TO TOUCH ON SOMETHING THAT I'VE HAD CONVERSATIONS, UH, WITH THE DEVELOPER ABOUT AROUND AFFORDABLE HOUSING AND, AND THE POLICY THAT WE HAVE HAD AS DISCUSSION AS A COUNCIL OF MAKING SURE WE GET THAT DEEPER LEVEL OF AFFORDABILITY, YOU KNOW, 50 AND BELOW.

AND I THINK FROM A POLICY PERSPECTIVE, IT IS MORE APPROPRIATE TO GET FEWER UNITS AT A DEEPER LEVEL THAN MORE UNITS THAT ALREADY MEET MARKET.

AND SO I'M GONNA BE WORKING ON SOME LANGUAGE AND, AND SHARING WITH, UM, WHOMEVER, THERE ARE A LOT OF, A LOT OF COOKS IN THIS KITCHEN.

BUT TO SEE WHAT IF WE CAN JUST PUT LANGUAGE IN THERE TO HAVE AN EQUIVALENT WHATEVER, 10 AT 60 WOULD BE, UH, TO HAVE EQUIVALENT AFFORDABLE HOUSING AT THAT 50% AND BELOW, SAME COST, BUT I THINK SERVING A PORTION OF OUR POPULATION THAT JUST QUITE FRANKLY ISN'T BEING SERVED.

UM, I'LL, I'LL END THERE.

I APPRECIATE THE, THE WORK Y'ALL ARE DOING.

UH, I KNOW THIS HAS BEEN A, A TRICKY ONE, BUT, UH, THANK YOU VERY MUCH AND THANK YOU FOR, UH, ESPECIALLY I KNOW THE MAYOR HAS BEEN THE, THE, THE SHUTTLE BACK AND FORTH, SO APPRECIATE ALL THE WORK YOU'VE BEEN DOING ON THIS.

UH, IT HAS CERTAINLY IMPROVED AND THAT IS A TESTAMENT TO THAT WORK, SO THANK YOU.

THANK YOU COUNCIL MEMBER.

APPRECIATE THAT.

UH, COUNCIL MEMBER SIEGEL FOLLOWED BY THE MAYOR PRO, TIM.

PLAN THAT WAS POSTED, I GUESS, WAS IT 12 DAYS AGO AT THIS POINT, UH, SEEMED TO DEPEND UPON THE COUNTY CONTRIBUTING 50% OF THEIR INCREMENTAL, UH, INCREASE IN TAX REVENUE.

UM, UH, DIRECTOR ELVA, WE WERE TALKING ABOUT THE COUNTY AND MY CRITICISMS OF THE, OF THE COUNTY'S PARTICIPATION.

UM, I GUESS THE, THE FINANCE AND PROJECT LIST, YOU KNOW, THE PRELIMINARY

[02:30:01]

SO HOW DOES THE PLAN CHANGE IF BETWEEN NOW AND, AND THE ADOPTION OF THE FINAL PLAN IN MARCH IF THE COUNTY DOESN'T STEP UP AND, AND, AND JOIN THIS EFFORT? UM, HOW DOES THE PLAN CHANGE? SO BETWEEN NOW AND NEXT SPRING, WE WOULD BE WORKING CLOSELY WITH THE DEVELOPER TO UNDERSTAND, UM, MORE, IN MORE DETAIL THE, THE IMPACT, UM, AND MAKE ADJUSTMENTS ACCORDINGLY.

UM, RIGHT NOW THAT WE, WE KNOW THAT THEIR PARTICIPATION WOULD HAVE HAD A DIRECT BENEFIT TO, UM, REGIONAL BILLABILITY, UM, RELATED BRIDGES.

UH, SO WE WILL HAVE TO START LOOKING AT THOSE FIRST AND FOREMOST TO MAKE SURE TO MAKE SURE THAT WE'RE THE DEVELOPER AND THE, AND THE CITY IN PARTNERSHIP ARE ABLE TO PUT FORTH A, A FEASIBLE PLAN.

SO WE HAVE TO JUST BASICALLY STAY TUNED.

IT'S, YEAH, THERE, THERE'S A LOT OF WORK TO BE DONE.

UM, AND, UM, ESPECIALLY WITH, WITH THE USER COMING ON BOARD, I THINK THERE'S JUST A LOT MORE DETAILS TO WORK OUT BETWEEN NOW AND WHICH IS ONE OF THE MAIN REASONS WHY YOU HAVE THAT PRELIM AND THAT FINAL PLAN TO ALLOW FOR THAT FINE TUNING.

UM, BUT IDEALLY, UH, THE, WE, THE COUNTY, WE'RE ABLE TO WORK WITH THEM AND, AND GET THEM INCLUDED IN THIS, THIS EFFORT AS WELL.

UM, THAT THAT WOULD TRULY BE THE IDEAL SITUATION.

APPRECIATE YOUR CONFIDENCE.

UH, I HAVE A FEW MORE QUESTIONS, MAYOR, BUT IF YOU CAN HELP WITH THAT, THAT WOULD BE FANTASTIC.

FRIENDS OVER THERE.

UM, UH, SO THIS IS JUST KIND OF, UM, REALLY TRYING TO, UM, BUTTON DOWN, YOU KNOW, WHAT RISK DOES THE CITY HAVE.

AND SO I GUESS DIRECTOR, WHAT IS THE WORST CASE SCENARIO FOR THE CITY IF COUNCIL DOES ADOPT THE TOURS AND THIS MOVES FORWARD? LIKE, HA HAVE YOU IDENTIFIED ANY AREAS OF RISK THAT WE SHOULD STILL BE MINDFUL OF? DID YOU SAY IF COUNSEL DOES ADOPT? YEAH, LET'S ASSUME ON THURSDAY THE TURS PASSES, WHAT'S, WHAT'S THE WORST CASE SCENARIO HERE? UM, I THINK WE'RE PREPARED FOR THAT.

WE HAVE SET THIS, THIS PROPOSAL UP THE PRELIMINARY PROJECT AND FINANCING PLAN UP IN A WAY TO, TO HANDLE THE WORST CASE SCENARIO.

THAT'S WHY WE USE THE CONSERVATIVE PROJECTION METHODS AND MODELING AND, UM, AND, AND ALL OF THE GUARDRAILS AROUND THE DEBT ISSUANCES, WE HAVE PUT ALL THOSE PROTECTIONS IN PLACE, UH, TO, FOR, FOR GOOD REASON.

SO FOR EXAMPLE, AND, AND EXTREMELY UNLIKELY EVENT, BUT IF FOR SOME REASON THE DEVELOPER WERE TO STOP BEING A CONTINUING CONCERN AT SOME POINT IN THE 35 YEAR PROCESS, UH, HOW IS THE CITY PROTECTED? IS, IS IT BASICALLY EVERYTHING YOU'VE ALREADY SAID? I MEAN, LIKE, WHAT HAPPENS IF THEY JUST STOP BUILDING AT SOME POINT? SO, UH, FIRST AND FOREMOST, THEY ARE FRONTING COSTS FOR INFRASTRUCTURE.

THEY, IF, IF THEY AREN'T DELIVERING, THEY DON'T GET REIMBURSED.

UM, AND THAT, THAT CONTINUES, UM, ALONG THE, THE, THE LIFE OF THE TURS.

LIKE WE ONLY DO REIMBURSEMENTS WHEN THE REVENUES ARE CAPABLE OF, OF SUPPORTING THEM.

UM, BUT WE ALSO HAVE, UM, IT IS IN THEIR BEST INTEREST TO DELIVER TO THE HIGHEST, THEIR HIGHEST ABILITY.

UM, AND THAT ULTIMATELY BENEFITS BOTH PARTIES SIGNIFICANTLY IN THE END.

UM, BUT AGAIN, THEY DON'T, THEY DON'T GET REIMBURSED UNLESS THEY'RE, THEY'RE DELIVERING EARLIER.

I THINK YOU ALLUDED TO, UH, IN THE DEVELOPMENT AGREEMENT, THERE'S SOME DEFAULT PROVISIONS.

I THINK WE WERE TALKING ABOUT HOUSING STANDARDS AT THAT POINT.

BUT, UH, WHAT HAPPENS IN THE EVENT OF A DEFAULT? HOW IS THE CITY PROTECTED IN THE EVENT THAT, UH, THEY DEFAULT UNDER THE AGREEMENT THEN BECAUSE IT IS A CONTRACT, WE WOULD EXERCISE OUR RIGHTS UNDER THAT CONTRACT.

UM, THE DEVELOPMENT STANDARDS THAT APPLY TO THE SITE WILL BE MANAGED FROM AN ENFORCEMENT STANDPOINT ON A SITE BY SITE, SITE PLAN, APPROVAL PROCESS, RIGHT? BECAUSE THEY WILL STILL NEED TO GO THROUGH ALL OF OUR PERMITTING.

AND SO IF THEY'RE PROPOSING, UH, DEVELOP DEVELOPMENT THAT DOESN'T COMPLY WITH THE AGREEMENT OR THE CODE AS IT EXISTED ON MAY 21ST, THEN THEY WON'T HAVE APPROVALS FOR THOSE, UM, PERMITTING PERMITS.

UM, IN TERMS OF THE AFFORDABLE HOUSING PIECE, WE'RE ACTUALLY, THAT ENFORCEMENT IS GOING TO BE WITHIN OUR FINANCING AGREEMENT AS PART OF THE TS, AND THAT WOULD BE, UM, A DEFAULT UNDER THAT.

UM, SO THERE ARE PROTECTIONS IN PLACE, UM, AND LIKE I SAID, PART OF THE PROCESS IN TERMS OF GOING THROUGH THE PERMITTING PROCESS WILL HELP US ENSURE COMPLIANCE WITH OUR, WITH THE DEVELOPMENT AGREEMENT.

COULD ENDEAVOR DIS ANNEX FROM THE CITY AT SOME FUTURE POINT AFTER THEY RECEIVE THE PUBLIC SUPPORT? FOR EXAMPLE, IS THERE A POSSIBILITY THE C CITY CONTRIBUTES 1.5 BILLION TO REPAY INFRASTRUCTURE INVESTMENTS, BUT THEN THE AREA IS WITHDRAWN FROM THE CITY'S JURISDICTION? I'M NOT GONNA SAY THERE'S NOT ANY CHANCE.

AND THEN LAST QUESTION, AND I THINK THIS IS FOR YOU, MS. LINK.

UM,

[02:35:01]

UM, BUT AS LONG AS WE ABIDE BY OUR, UM, COMMITMENTS AND THE SERVICE AGREEMENT AS WELL AS THE DEVELOPMENT AGREEMENT, THEIR ABILITY TO GET DISH ANNEXED IS REDUCED SIGNIFICANTLY TO, UM, UNDER STATE LAW.

IF YOU DO NOT COMPLY WITH A SERVICE AGREEMENT YOU HAVE MADE WITH A DEVELOPER, A PROPERTY OWNER, THEN THEY CAN COME ASK FOR AN DISH ANNEXATION.

AND IF WE DON'T GIVE THEM DISH ANNEXATION, THEY CAN GO TO COURT AND GET A COURT TO TELL US THAT WE DIDN'T FOLLOW THE SERVICE AGREEMENT.

UM, AS LONG AS WE ABIDE BY OUR COMMITMENTS, UM, THERE WOULD BE NO BASIS, UM, THAT WE KNOW OF THAT THEY WOULD HAVE TO, TO XANAX.

THANK YOU MA'AM.

COUNCIL MEMBER, UH, MAYOR PRO TIM, AND THEN, UH, COUNCIL MEMBER UCHIN.

UH, WHAT SCHOOL DISTRICT IS THE DOGS HEAD IN? UH, I BELIEVE IT'S DELL VALLEY.

DELL VALLEY, OKAY.

UM, I JUST WANTED TO, AND I APPRECIATE VERY MUCH COUNCIL MEMBER, UH, ALTER FOR HIGHLIGHTING, UH, THE, THE, THE MUELLER, UH, DEVELOPMENT AND THE IMPERVIOUS COVER THERE.

UH, I KNOW THERE'S A LOT OF DISCUSSIONS ABOUT IMPERVIOUS COVER, BUT THE REALITY IS THAT THE BEST CITIES, UH, IN THE WORLD, THE MOST ATTRACTIVE, THE MOST POPULAR CITIES IN THE WORLD ARE, YOU KNOW, 75%, 80% IMPERVIOUS COVERED CITIES.

YOU KNOW, YOU'RE TOKYO, YOUR PARIS, YOUR LONDON, YOUR MEXICO CITY W WOULD PICK YOUR MAJOR URBAN CENTER, AND IT'S GOING TO BE, UH, A VERY HIGH PERCENTAGE.

THOSE ARE THE VIBRANT, WALKABLE, LIVABLE CITIES THAT EVERYBODY IS MOVING TO.

UH, LOWER, UH, IMPERVIOUS COVER PERCENTAGES ARE YOUR, YOUR PLANOS, UH, YOUR, YOUR KATY'S.

UH, AND AGAIN, NO, UH, NOTHING WRONG WITH, UH, UH, PLANO OR, OR KATIE OR ANYBODY, BUT THAT'S, THAT'S A DIFFERENT STYLE OF LIVING THAT IS A MUCH MORE, UH, SUBURBAN, A MUCH MORE, UH, CAR ORIENTED TYPE OF CITY.

AND, AND SO I KNOW THAT EVERYBODY TALKS ABOUT IT, BUT WE WANT A HIGH LEVEL OF IMPERVIOUS COVER IN A DEVELOPMENT THAT IS SO CLOSE TO THE CITY CENTER.

UH, I I, I, I JUST WANTED TO HIGHLIGHT THAT BECAUSE, UH, AND, AND AGAIN, WE HAVE TO MANAGE THE FLOODING.

YOU KNOW, WE, WE HAVE TO MANAGE IT, WE HAVE TO PUT IN THE APPROPRIATE CONTROLS.

BUT AGAIN, YOU SEE THESE MAJOR CITIES, UH, AGAIN, A MEXICO CITY, A TOKYO, I MEAN, LOOK AT THE TOKYO'S DRAINAGE SYSTEM.

IT'S JUST PHENOMENAL.

I MEAN, IT'S JUST HUGE TUNNELS UNDER THE CITY THAT MANAGE THE, THE FLOOD WATERS THAT COME OFF THE VERY URBANIZED ENVIRONMENT.

IT, IT'S NOT A, IT'S, IT'S, IT'S A, AN ENGINEERING CALCULATION.

IT, IT'S A DESIGN, UH, STANDARD APPROACH.

IT IS NOT YOU, YOU CANNOT, UH, HAVE ZERO IMPERVIOUS COVER AND THEN SAY, OH, WELL NOW IT'S NOT GONNA FLOOD.

LOOK AT WHAT JUST HAPPENED IN THE HILL COUNTRY.

I MEAN, HOW MUCH IMPERVIOUS COVER DOES IT WHILE THEY HAVE, YOU KNOW, HOW MUCH IMPERVIOUS COVER DOES COMFORT HAVE? UH, IT, IT WILL FLOOD ANYWAY, EVEN IF YOU HAVE ZERO IMPERVIOUS COVER.

YOU'VE GOT TO MANAGE YOUR FLOODING WITH ENGINEERING, WITH DRAINAGE CONTROLS, WITH THAT KIND OF INVESTMENT.

UH, AND THAT'S WHAT WE'RE DOING.

NOT JUST THERE, BUT I MEAN, WITH THE WALLER CREEK TUNNEL, WITH, WITH DIFFERENT AREAS.

I THINK, UH, AGAIN, THE, THE MUTED IS A PERFECT EXAMPLE OF THAT WHERE WE REALLY SPENT A LOT OF TIME AND EFFORT TRYING TO MANAGE THE, THE RUNOFF.

SO MORE OF A, OF A, JUST A, A COMMENT, NOT REALLY A QUESTION, BUT IT'S JUST A, A, AN ISSUE THAT'S BEEN KIND OF GRATING AT ME BECAUSE AGAIN, THE, THE, THE WONDERFUL PLACES IN THE WORLD, THE, THE URBAN PLACES IN THE WORLD, PICK YOUR CITY, UH, HAS A HIGH LEVEL OF IMPERVIOUS, UH, COVER.

THANK YOU, MAYOR PRO TIM, UH, COUNCIL MEMBER UCHIN.

PROPERTY OWNER IS NOT THE SAME AS THE CITY AS THE DEVELOPER HIRING SOMEONE TO DO THE WORK FOR US.

I WANNA JUST PICK UP AND MAKE SURE, UH, ON THE CONVERSATION ABOUT MUELLER FROM LOOKING AT THAT AGREEMENT, UH, IT LOOKS LIKE THEY'VE GOT SIGNIFICANTLY MORE OR A HIGHER PERCENTAGE TO SAY OF PARKLAND OR GREEN SPACE THAN WHAT'S BEING PROPOSED HERE.

BUT THE ANSWER I HEARD TO THAT WAS THAT'S BECAUSE WE OWNED THE LAND AND WE HAD MUCH GREATER FLEXIBILITY TO, UM, GET THOSE AGREEMENTS OR CONCESSIONS IN PLACE.

THAT WAS A PRIORITY AS PART OF THAT AGREEMENT.

IS THAT, UH, IS THAT A FAIR STATEMENT? YES.

I MEAN, IT, THE CONCESSION, THE NEGOTIATION BETWEEN THE CITY AS REGULATOR AND A

[02:40:01]

AND WE, THE COMMUNITY INPUT AND EVERYTHING THAT HAPPENS FOR THE MUELLERS AND THE COLONY PARKS, THOSE HAVE TO INCLUDE THAT COMMUNITY INPUT BECAUSE WE OWN THE LAND AND WE WANT TO BRING WHAT OUR COMMUNITY WANTS USING OUR LAND.

AND SO WE ARE IN A MUCH DIFFERENT NEGOTIATING, UH, POSITION.

IF, IF A, IF A, SOMEBODY WE'RE CONTRACTING WITH TO DO WORK ON OUR PROPERTY DOESN'T WANNA FOLLOW OUR TERMS, WE CAN PICK UP AND MOVE AWAY AND FIND A DIFFERENT DEVELOPER WHO'S WILLING TO DO WHAT WE NEED THEM TO DO.

YOU CAN'T DO THAT WHEN WE HAVE A, A SITUATION WHERE WE'RE THE REGULATOR AND THEY'RE THE PROPERTY OWNER.

GOT IT.

UH, JUST TO BUILD ON YOUR COMMENT ON COMMUNITY INPUT, I'M CURIOUS AT THIS MOMENT, WHAT KIND OF COMMUNICATION OR RESOURCES ABOUT THIS PROJECT ARE AVAILABLE TO THE PUBLIC RIGHT NOW THAT WE'VE PUT TOGETHER OR MADE AVAILABLE THAT, YOU KNOW, THAT, THAT, THAT WE'VE ASSEMBLED? SO ON THE CITY SIDE, UH, DR. JOHNSON, UH, SENT A MEMO THAT WAS PUBLICLY DISTRIBUTED THAT HAS AN FAQ SECTION ALONG WITH OUR TERM SHEET FOR THE TS.

UM, I BELIEVE THE DEVELOPER IS WORKING ON SOME COMMUNICATION STRATEGIES, BUT I WOULD NEED THEM TO, UM, UH, SPEAK TO THAT.

SO I'M GONNA BUILD IN AND ASK FROM WHAT YOU DO KNOW, WHAT FUTURE COMMUNICATION MIGHT BE FORTHCOMING.

IT SOUNDS LIKE SOME MIGHT BE COMING FROM THEM.

UM, BUT DO WE HAVE A SCHEDULE OF OTHER Q AND A OR COMMUNITY ENGAGEMENT OR OUTREACH AND EDUCATION THAT WE ARE CONTEMPLATING OR HAVE ACTUALLY SCHEDULED REGARDING THIS PROJECT? SO WHEN WE MOVE FORWARD WITH THE REGULATING PLAN, UM, THAT WILL HAVE A NOTICE COMPONENT BECAUSE THERE WILL BE ADOPTING THE ACTUAL ZONING FOR THE SITE.

IT WILL MATCH THE DEVELOPMENT AGREEMENT, BUT WE WILL BE ADOPTING THE ZONING IN THAT SENSE.

SO WE WILL HAVE SOME NOTIFICATION THAT WILL GO THROUGH THE SURROUNDING COMMUNITIES, UM, AND THE URBAN TRANSPORTATION COMMISSION PLANNING COMMISSION MEETINGS WILL ALL BE PUBLIC MEETINGS TO TALK ABOUT THE REGULATING PLAN AS WELL AS THE, UM, STRATEGIC MOBILITY PLAN AMENDMENTS THAT ARE NEEDED.

IT'S, IT'S HARD LIKE 2061, UM, CRY ME IF I'M STILL ALIVE IN 2061.

I WANT TO SWITCH BACK TO THE TURS REAL QUICK, UM, AND MAKE SURE I UNDERSTAND THE NATURE OF THE IMPROVEMENTS THAT WE'RE TALKING ABOUT HERE, WHICH I'M ASSUMING AT THIS POINT WHAT WE'VE TALKED ABOUT ARE THINGS LIKE ROADS AND BRIDGES AND UTILITIES.

ANYTHING ELSE THAT YOU WANNA HIGHLIGHT THAT WOULD BE, UM, THAT WE WOULD TAKE OWNERSHIP OF AT TIME THAT WOULD BE AN IMPROVEMENT THAT WE, THAT THE TURS WOULD BE BUILDING OR SUPPORTING? LIKE YOU NOTED, THERE'S, UH, UM, ROADWAY NETWORKS, THERE'S WATER WASTE, WATER RECLAIMED.

THERE WILL BE, UM, COMPONENTS FOR ELECTRIC AND TELECOM.

UM, THERE WILL BE DRAINAGE IMPROVEMENTS THAT ALSO BECAUSE OF THE NATURE OF THE AGREEMENT, CAN BE DONE ON A MUCH BIGGER REGIONAL, UM, BASIS.

UM, I THINK THAT THAT REGIONAL BASIS, UH, AND THE KIND OF THE EFFECTIVENESS OF THAT IS IMPORTANT TO NOTE RELATIVE TO IF THIS WAS BEING DONE IN JUST LITTLE SINGLE DIGIT OR EVEN A HUNDRED ACRE INCREMENTS, LIKE IT'S, YOU'RE JUST GONNA HAVE A LOT MORE EFFECTIVE, UM, MANAGEMENT.

UM, THERE WILL ALSO, BUT IN TERMS OF WHERE WE WILL HAVE OWNERSHIP FROM A PUBLIC ASSET PERSPECTIVE, THAT'S, THAT'S REALLY THE, THE BULK OF IT.

UM, BUT WE ARE GOING, I WANTED JUST TO KNOW, LIKE, AGAIN, LIKE WE'RE GOING FROM NOTHING, RIGHT? THIS IS A, LIKE A BRAND NEW CITY, 2,600 ACRES IS BIGGER THAN A LOT OF SMALL TOWNS, AND WE'RE STARTING FROM SCRATCH HERE.

UM, SO THIS IS HONESTLY JUST AT ACTUALLY A REALLY EXCITING OPPORTUNITY.

UM, I KNOW MILLER HAS BEEN STUDIED IN GREAT DETAIL BY URBAN PLANNERS AND THE SORT, UM, AND I SUSPECT THAT THIS WILL HAVE SIMILAR, UM, EFFECTS LONG TERM THAT PEOPLE WILL BE STUDYING HOW THIS, HOW THIS ALL TURNS OUT.

AND SO THIS IS A HUGE OPPORTUNITY FOR, FOR OUR COMMUNITY AND THIS PARTNERSHIP.

THANK YOU FOR THAT CLARITY.

I'M ALSO CURIOUS ABOUT THE PROJECTIONS THAT YOU HAVE FOR THE TOURS, RIGHT? THEY TYPICALLY STOP AT 2061, I'M ASSUMING AT THAT POINT.

IT'S ALL, UM, INCREASINGLY UPSIDE FOR THE CITY AND FOR, FOR, UH, FROM A, FROM AN OPERATING BUDGET PERSPECTIVE, FROM AN OPERATING BUDGET IMPACT.

UM, DO WE HAVE ANY ACTUAL PROJECTIONS THOUGH, FOR WHAT HAPPENS 5, 10, 20 YEARS AFTER 2061, WHAT THAT LOOKS LIKE? BECAUSE A LOT OF TIMES, UH, WE'RE STOPPING OUR CONVERSATION AT 2061, I'M NOT SURE THAT'S A ALWAYS AS CLEAR PICTURE.

[02:45:01]

, I, I GET THAT IT'S HARD TO PROJECT OUT THAT LONG.

OH YEAH.

BUT WE'VE ALREADY DONE, SO, UM, WE, WE'VE NOT BEEN, WE'VE NOT DONE THE PROJECTIONS PAST THAT.

WE COULD DO JUST SOME SIMPLE, ASSUMING A, A CERTAIN PERCENTAGE OF GROWTH.

UM, BUT IT WOULD BE VERY SIMPLE MATH.

UM, I WOULDN'T BE ABLE TO SAY THIS IS ABSOLUTELY GONNA HAPPEN.

UM, BUT I CAN SAY WHAT WILL ABSOLUTELY HAPPEN IS THAT, UM, THE, THE, WHEN THAT TOURS ENDS, ESPECIALLY SINCE WE'RE REDUCING OUR CONTRIBUTION RATE IN THAT LAST 15 YEARS, UM, THE GENERAL FUND WILL BENEFIT EVEN GREATER FROM ALL THE NEW CONSTRUCTION VALUE THAT CONTINUES TO COME ONLINE IN THOSE YEARS.

UM, AND THEN FOLLOWING 2061, UM, IT WILL, UH, THE, ALL OF THAT EXISTING VALUE WILL BE INCORPORATED INTO THE, UM, THE CALCULATION SUBJECT TO THE 3.5%.

UM, BUT LIKE WE IN A, IN ANOTHER CONVERSATION THAT HELPS REDUCE THE BURDEN OVERALL ACROSS ALL TAXPAYERS IN THE CITY.

UM, AND THEN AGAIN, ANY, ANY NEW CONSTRUCTION READ, RECONSTRUCT, LIKE REDEVELOPMENT OF THE DEVELOPMENT, UM, BECAUSE I KNOW THAT WILL DEFINITELY BE THE CASE OVER TIME, THAT DIFFERENT PARCELS WILL DEVELOP AND REDEVELOP AND REDEVELOPMENT, UM, OVER AND OVER.

AND SO THERE'S AN OPPORTUNITY FOR NEW CONSTRUCTION VALUE TO BE HITTING THE BOOKS ON A REGULAR BASIS, UM, ON WHAT OTHERWISE RIGHT NOW IS THIS MINING SITE.

UH, WE'VE TALKED A LOT ABOUT THE TOURS TODAY.

WHEN I LOOK AT THE OTHER BIG TEXAS CITIES, IT SEEMS LIKE WE'RE USE, YOU'RE, WE'RE UTILIZING THIS TOOL A LOT LESS FREQUENTLY THAN THEY ARE WHEN I'M CHECK WE'RE USING THE TOURS AS A, WE HAVE FEWER TSAS THAN MOST OTHER BIG TEXAS CITIES.

I THINK DALLAS IS LIKE FOUR TIMES AS MANY HU SORRY, HOUSTON IS ABOUT FOUR TIMES AS MANY.

I THINK DALLAS IS ABOUT THREE.

FORT WORTH, I THINK HAS ABOUT TWICE AS MANY.

WHAT'S BEHIND THAT? IS THERE A REASON THAT THAT'S, THIS IS A REALLY GOOD TOOL FOR THIS PARTICULAR DEVELOPMENT, BUT FOR SOME REASON WE HAVE NOT USED THIS TOOL NEARLY AS OFTEN AS THE OTHER BIG TEXAS CITIES.

WE'VE JUST, WE'VE BEEN VERY JUDICIOUS ABOUT OUR USE OF A TOURS.

UM, IT IS A COMPLICATED TOOL.

IT IS A VALUABLE TOOL, IT'S A VERY PRODUCTIVE TOOL, BUT WE'VE BEEN VERY JUDICIOUS AROUND IT.

UM, AND LARGELY FOCUSING ON CITY OWNED LAND.

UM, BECAUSE, AND, AND THE ASSOCIATED DEVELOPMENTS, UH, BECAUSE WE NEED TO PUT A CERTAIN AMOUNT OF FUNDS IN TO ADDRESS PUBLIC INFRASTRUCTURE FOR THOSE PROJECTS.

AND THE, WE'RE STARTING FROM ZERO VALUE ON THOSE, ON THOSE CITY OWNED S UM, SO THAT MEANS EVERY DOLLAR, UM, IS, IS AVAILABLE TO BE, UM, POTENTIALLY CONTRIBUTE, UM, TO THOSE INFRASTRUCTURE NEEDS.

UM, WE, IN DOING THEM IN PARTNERSHIP WITH PRIVATELY OWNED PROPERTY, UM, JUST TO BE QUITE FRANK, THERE HASN'T BEEN A PROPOSAL, UM, AN OPPORTUNITY LIKE THIS THAT'S COME BEFORE US THAT I'M AWARE OF.

AND I'VE BEEN HERE FOR WELL OVER 20 YEARS.

UM, AND UH, SO THIS IS JUST A VERY UNIQUE OPPORTUNITY.

UM, AND WE JUST, WE DON'T WANT TO, WE DON'T USE HERS JUST WILLY-NILLY TO BE A LITTLE COLLOQUIAL.

WILLY-NILLY IS A SPECIFIC PER YES.

VERY TECHNICAL.

YOU GOTTA DIG INTO THE CODE TO FIND IT, BUT IT'S THERE.

, HOW AM I ON TIME, MAYOR? UM, YOU ARE ABOUT 50 SECONDS FROM BEING DONE.

WELL I'M HAPPY TO COME BACK IF THERE'S OTHER FOLKS.

WELL, YOU'RE THE ONLY ONE.

OH, EVERY, EVERYBODY, LIKE EVERYBODY ELSE HAS DONE THEIR BUSINESS.

UM, I DON'T HAVE A TON TO ADD TO WHAT KIM SAID, BUT I WILL SAY THAT WE'LL BE WORKING OUT THE DETAILS OF THE REPORTING, UH, THAT IS REQUIRED IN THE FINAL, UH, PROJECT AND FINANCING PLAN.

WELL I'VE GOT TWO OR THREE MORE QUESTIONS.

ONE IS ABOUT AFFORDABLE HOUSING.

I KNOW THAT THERE'S AN ANNUAL REPORTING REQUIREMENT IN PLACE, UM, FOR REPORTING THOSE METRICS.

SO I'M CURIOUS WHAT OTHER VISIBILITY IS THE CITY OR CITY STAFF GONNA HAVE ON THE PROGRESS OF THAT DEVELOPMENT AND WHAT VISIBILITY IS THE PUBLIC OR COUNCIL GONNA HAVE ON THAT PROGRESS AS WELL? SO I'M ASKING, UH, MAN, TO COME UP TO, TO SPEAK SOME MORE SPECIFICS, BUT IN GENERAL, I THINK THE FACT THAT THIS IS, UM, THIS WILL BE OVERSEEN BY AN LGC AND THE PUBLIC MEETING REQUIREMENTS, THOSE THAT CREATES AN AUTOMATIC LEVEL OF TRANSPARENCY.

UM, AND WE ALSO HAVE QUITE A BIT OF EXPERIENCE OF WITH AFFORDABLE HOUSING PLANS BECAUSE OF OUR OWN DEVELOPMENTS.

UM, SO, AND WE, WE BENEFIT FROM LEARNING FROM THOSE EXPERIENCES AND HOW TO IMPROVE WITH EACH, EACH ROUND OF THAT.

SO, UM, I THINK WE'RE IN, WE'RE IN A MUCH BETTER SPOT, UM, TO JUST BASED ON THAT EXPERIENCE, TO DO A MUCH MORE EFFECTIVE JOB ON OUR AFFORDABLE HOUSING DELIVERY.

UM, BUT I'LL TURN TO, TO MANDY TO SPEAK TO MORE SPECIFICS, UH, MANDY DE MAYO INTERIM, UH, REAL ESTATE AND ASSET STRATEGY OFFICER.

[02:50:01]

UH, WE DO HAVE IN THE, UM, UH, PRELIMINARY PROJECT AND FINANCING PLAN THAT THERE WILL BE GENERALLY REQUIREMENTS, BUT WE'LL BE PUTTING MEAT ON THE BONES IN TERMS OF WHAT THOSE REQUIREMENTS WILL BE, UH, IN THE COMING MONTHS UNTIL MARCH OF 2027.

WE'LL BE WORKING ON THE DEVELOPER REGARDING WHAT THAT WILL LOOK LIKE.

BUT AS KIM MENTIONED, WE HAVE A SIGNIFICANT AMOUNT OF EXPERIENCE WORKING WITH BOTH PRIVATE DEVELOPERS, UM, ON, UM, PRIVATE DEVELOPMENTS IN ADDITION TO OUR WORK WITH, UH, COLONY PARK, UM, AND, UH, ST.

JOHN'S, WHICH WAS RECENTLY APPROVED, UH, AS WELL AS THE MILLER DEVELOPMENT.

I'M CURIOUS IF, IF THERE ARE COUNCIL MEMBERS THAT WANT MORE VISIBILITY ON THAT KIND OF PROGRESS OVER THE NEXT DECADES, ARE THERE REPORTING MECHANISMS THAT YOU GUYS ARE THINKING ABOUT RIGHT NOW? WOULD THERE BE LIKE DOWNSIDES FOR MORE ANNUAL REPORTS FOR ZONING DETERMINATIONS OR PERMITS ISSUED OR OTHER METRICS THAT WE CAN BE INFORMED ABOUT? I THINK WE ARE TOTALLY OPEN TO THAT AND WE WANNA MAKE SURE THAT WE HAVE MAXIMUM TRANSPARENCY REGARDING THE AFFORDABLE HOUSING.

IT'S SOMETHING THAT WE WANNA CELEBRATE AS A COMMUNITY.

WE DO IN THE MILLER DEVELOPMENT HAVE, UM, ANNUAL REPORTING REQUIREMENTS AND IT'S PUBLICLY AVAILABLE.

THOSE GO TO ALL MAYOR AND CITY COUNCIL AND WE CAN CERTAINLY CONTEMPLATE SOMETHING LIKE THAT IN THE FINAL, UM, PROJECT AND FINANCING PLAN.

UH, COUNCILMAN, WE'LL ADD ONE MORE, ONE MORE PART TO THAT BECAUSE YOU, WHEN YOU READ THE 10 AND 10 DEVELOPER FIRST 10, THE OTHER 10% IN PARTNERSHIP WITH THE CITY, WE CREATED THAT SPECIFICALLY TO ALLOW FOR SOME CREATIVITY AND SOME INNOVATION BECAUSE SOME THINGS WE MAY NOT KNOW, WE MAY HAVE TRADITIONAL SOURCES THAT WE NORMALLY LOSE USE, BUT HOW DO WE WORK TOGETHER IN A COLLABORATIVE FASHION TO FIGURE OUT SOME DIFFERENT EXAMPLES? LEMME SAY FOR EXAMPLE, HOW DO WE WORK WITH THE DEVELOPER AS WE LOOK AT, UM, THE PRODUCTION OF AFFORDABLE WORKFORCE HOUSING AS THEY MOVE DOWN THE ROAD AND THINK ABOUT DEVELOPMENT, UM, UH, POSSIBILITIES.

WE WANT TO BE IN THAT CONVERSATION.

SO I THINK IN THE BEGINNING OF THIS, WE NOW HAVE THE ABILITY TO WORK COLLABORATIVELY TO FIGURE OUT THE COMPONENTS THAT WE REALLY WOULD LIKE TO HAVE OUT THERE.

SO I, I JUST WANTED TO ADD THAT POINT.

IF THERE WIND UP BEING CIRCUMSTANCES WHERE SOMEHOW THE HOMES AREN'T BUILT OR BUILT, BUILT AT THE SCHEDULE WE HOPE THEM TO BE OR THAT ARE PROJECTED, IS THERE ANY KIND OF COUNCIL OR STAFF OR PUBLIC, WHAT'S OUR NEXT STEP AT THAT POINT? AND MAYBE SOME OF THESE THINGS ARE OUTSIDE OF OUR CONTROL OR ANYBODY'S CONTROL.

MAYBE THEY'RE ALL MACROECONOMIC, BUT IF, IF THAT DOESN'T HAPPEN, IF THEIR SCHEDULE ISN'T PRODUCED, WHATEVER OPTIONS.

SO THAT'S ONE OF THE THINGS, ONE OF THE GUARDRAILS THAT WE WANT TO, UH, UH, INCORPORATE INTO THE FINAL PROJECT AND FINANCING PLAN.

HOW DO WE ENSURE WE DO NOT ANTICIPATE THAT IN EVERY PHASE OF DEVELOPMENT THAT THERE WILL BE 20% AFFORDABILITY.

THE GOAL IS AT THE END OF THE FULL BUILD OUT PERIOD, THAT 2061, THAT WE WILL HAVE 20% AFFORDABILITY.

IT IS NO DIFFERENT IN TERMS OF THAT PHASING FROM WHAT WE SAW AT MILLER.

EVERY PHASE DIDN'T HAVE THE 25% AFFORDABILITY, BUT OVERALL, OUT OF THE 7,500 UNITS THAT, UH, ARE ANTICIPATED TO BE BUILT AT MILLER, THEY WILL ACHIEVE THAT AFFORDABILITY, UM, OVER TIME.

SO ALL OF THAT, THE, THE PHASING, THE SCHEDULING, THE CHECK-INS, THE GUARDRAILS WILL BE INCORPORATED INTO THE FINAL PROJECT AND FINANCING PLAN.

WHEN CAN WE EXPECT THAT THE FINAL PLAN WILL BE COME TO CITY COUNCIL IN MARCH OF 2027? WE WILL BE WORKING ON THAT, UH, CONSISTENTLY AS A TEAM WITH ALL OF THE DEPARTMENTS OVER THESE COMING MONTHS.

FOR WATER QUALITY, ASSUMING IT CAN MEET OUR STANDARDS.

THANK YOU MS. DE MAYO.

THE LAST QUESTIONS I'VE GOT ARE ENVIRONMENTAL.

AND THESE ARE REALLY ABOUT UNDERSTANDING THAT, UH, I UNDERSTAND THAT THERE'S A LOT OF, UM, WE'RE FILLING IN PITS IN A LOT OF CASES AND, AND IF THAT'S THE ENVIRONMENTALLY APPROPRIATE THING TO DO, RATHER THAN JUST DIGGING OUT A LOT OF MATERIAL AT A CERTAIN DEPTH AND STARTING FROM LIKE 60 OR 80 OR A HUNDRED FEET DOWN, TRYING TO UNDERSTAND IF THERE'S A REASON WE WOULD NOT TREAT THIS AS A BROWNFIELD SITE, WE WILL NEED TO THINK THROUGH THAT QUESTION.

COUNCIL MEMBER, UM, THE WORK THAT THEY ARE DOING IS, YOU KNOW, RECLAIMING FROM THE MINING ACTIVITIES, UM, THE MINING PONDS, UH, WILL BE PART OF THEIR STRATEGY

[02:55:01]

UM, SO, BUT WE WILL GET YOU A MORE THOROUGH ANSWER.

I'D APPRECIATE THAT.

AND IT CONNECTS TO A REQUEST THAT I'M GONNA MAKE, UM, WHICH IS, WE'VE HEARD A LOT TODAY FROM SPEAKERS ABOUT VERY COMPETING IDEAS ABOUT WHAT THIS 2,600 ACRES LOOKS LIKE.

WE'VE HEARD THAT IT COULD BE, UH, YOU KNOW, THAT IT'S SORT OF RECOVERING OR, OR, OR PRISTINE LAND.

WE'VE HEARD, AND I'VE SEEN PHOTOS OF THE MINING OPERATIONS THAT USED TO BE OUT THERE.

SO I'M CURIOUS IF IT WOULD MAKE SENSE FOR, UM, WHAT THE BEST STRATEGY WOULD BE TO MAKE SURE THAT WE REALLY, WE TRULY UNDERSTAND WHAT'S OUT THERE, WHETHER IT'S PUTTING BOOTS IN THE GROUND IN TERMS OF EVEN, UM, ORGANIZING SOME KIND OF TRIP OUT THERE.

BUT I'D LIKE TO, I THINK I'D FEEL BETTER KNOWING THAT I, I HAVE A MORE ACCURATE UNDERSTANDING BASED ON THE COMPETING DESCRIPTIONS ABOUT WHAT'S OUT THERE, UH, WITH THAT, RATHER THAN SEEING SOME PHOTOS AND, AND READING A MEMO.

UM, I THINK YOU CAN ARRANGE THAT WITH THE, UM, DEVELOPER.

UM, I, I KNOW THEY HAVE BEEN INTERESTED IN, IN, IN EVERYONE UNDERSTANDING WHAT THE SITE ACTUALLY LOOKS LIKE.