* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. OKAY, [Call to Order - Determine if a Quorum is Present] [00:00:02] WE ARE GONNA CALL THIS MEETING TO ORDER AT 6:09 PM WE'LL DETERMINE IF A QUORUM IS PRESENT. THIS IS NOT THE SCRIPT. UM, TODD DAVIS IS ABSENT. AARON BOGAR HERE. JAMIE VIC IS ABSENT. BROOKE TOY HERE. TIM DEVE IS ABSENT. TIM HYMAN HERE. ALL RIGHT. UM, WE ALSO HAVE CHRISTINE AND ALICIA. AND WHAT, WHAT IS YOUR NAME? CASEY. CASEY. AND THEN, SORRY, WHAT? YEAH. CHANDLER. CHANDLER. AND I APOLOGIZE. I THINK YOU WERE HERE. HOLLY. CASEY HAGAN. SHE'S THE ASSISTANT TO THE CITY MANAGER AND SHE'LL BE ASSISTING WITH WHAT US WITH OUR MEETINGS. AWESOME. THANK YOU. YOU ARE WELCOME. WELCOME. YES. UM, CAN WE PLEASE STAND FOR THE INVOCATION AND PLEDGE OF ALLEGIANCE? SHE SAYS SHE CAN HEAR US BUT NOT SEE IT. OKAY. DO YOU WANNA BRING, OKAY. A PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. HONOR THE TEXAS FLAG OF PLEDGE ALLEGIANCE TO THE TEXAS ONE STATE UNDER GOD, ONE AND INDIVISIBLE. ALRIGHT. OH, AARON, WILL YOU PLEASE PRAY? YES. SORRY. I THINK I DID THAT BACKWARDS, BUT THAT'S OKAY. YOU PRAY AND BRING THAT YES, . DEAR GOD, WE THANK YOU SO MUCH FOR THIS DAY. WE THANK YOU FOR THE WONDERFUL EASTER WEEKEND THAT WE ALL EXPERIENCED. UM, THANK YOU FOR GIVING US SAFELY HERE TO THIS MEETING. PLEASE PROVIDE OVER, UM, ALL DISCUSSIONS AND DECISIONS THIS EVENING IN JESUS. THANK YOU. AMEN. AMEN. THANK YOU SO MUCH. [Community Announcements] COMMUNITY ANNOUNCEMENTS. THE NEXT PROJA JUNCTION FARMER'S MARKET IS SATURDAY, MAY 1ST AT THE VETERANS PARK IN DOWNTOWN AUBREY. AND VENDORS CAN SIGN UP TO SELL BY CONTACTING THE CITY PAR, THE CITY'S PARKS AND RECREATION DEPARTMENT. ALSO, THE SUMMER MUSIC SERIES WILL HAVE ITS FIRST CONCERT MAY 16TH AT VETERANS PARK IN DOWNTOWN AUBREY, WITH TWO MORE CONCERTS FOLLOWING ON JUNE 20TH AND JULY 18TH. BUSINESSES CAN SIGN UP FOR SPONSORSHIPS AND VENDOR SPACES BY CONTACTING THE CITIES, PARKS AND RECREATION DEPARTMENT. DOES ANYBODY ELSE HAVE ANY OTHER ANNOUNCEMENTS? NONE. VERY GOOD CITIZEN INPUT. IS THERE ANYONE HERE THAT WOULD LIKE TO ADDRESS THE BOARD? OKAY. [Consent Items] CONSENT ITEMS, UM, ITEMS IS APPROVED MINUTES FROM THE MARCH 10TH, 2026 MDD BOARD MEETING, AND ALSO APPROVE THE FEBRUARY, 2026 FINANCIAL REPORT. DOES ANYBODY WISH TO REMOVE AN ITEM FROM THE CONSENT AGENDA, OR DO I HAVE A MOTION TO APPROVE THE CONSENT AGENDA? I MOTION TO APPROVE. I HAVE A MOTION BY TIM. I'LL SECOND. I HAVE A SECOND BY AARON. ALL THOSE IN FAVOR? ALL RIGHT. CONSENT AGENDA PASSES FOUR TO ZERO. [New Business] NEW BUSINESS. CONSIDER AND TAKE ACTION ON AWARDING A CONTRACT OF RANSON AND PITMAN FOR CMAR SERVICES AND GENERAL CONSTRUCTION PROJECT AT 2 0 4 TO 2 0 8 SOUTH MAIN STREET. WE ARE STILL WAITING ON OUR REPRESENTATIVE FROM PARK HILL. HE IS OUR, UM, OWNER'S REP FOR THIS PROJECT. OKAY. WORKING WITH US AND THE CON CONTRACTOR. SO IF WE CAN SKIP DOWN TO THE THIRD ITEM, THE BYLAWS, THAT WOULD BE GREAT. OKAY. DISCUSS, CONSIDER AND TAKE ACTION ON RES VISIONS TO THE AUBREY MDD BYLAWS. OKAY. UM, SO I'VE LAID SOME ITEMS IN FRONT OF YOU JUST BECAUSE I DIDN'T GET TO SEND THIS TO Y'ALL AHEAD OF TIME. WE GOT THE RESOLUTION. UM, TODAY FOR BYLAWS REVISIONS. WE'VE DISCUSSED, UM, OR JUST MENTIONED AT A COUPLE OF MEETINGS WHEN WE WERE MAKING SOME CHANGES THAT WE WOULD NEED TO AMEND OUR BYLAWS TO BRING OURSELVES UP TO SPEED AND UP TO DATE ON SOME OF THE POLICIES THAT AND PROCEDURES THAT WE FOLLOW NOW. UM, THE LAST BYLAWS AMENDMENT WAS DONE, UM, A AUGUST, 2021, I BELIEVE. UM, SO IT'S BEEN A WHILE SINCE THEY'VE, UM, BEEN REVISED. AND SO THESE UPDATES WILL, UM, HELP US PUT EVERYTHING IN SYNC, UM, FOR LACK OF A BETTER WORD. SO IF YOU WILL LOOK ON THE SCREEN, I'VE OUTLINED FOR YOU THE SECTIONS THAT WOULD BE GETTING UPDATED. UM, AGAIN, A LOT OF IT'S JUST ONE SECTION HAS TO CHANGE 'CAUSE THE OTHERS, BECAUSE OF THE ONE CHANGE THAT [00:05:01] WOULD BE MADE IN ANOTHER SECTION. AND OUR ATTORNEY'S HERE TO ANSWER ANY QUESTIONS. IF YOU'D LIKE, PLEASE DO ASK QUESTIONS. I WANT EVERYBODY TO UNDERSTAND WHAT SOME OF THESE CHANGES WILL BE FOR. UM, SO THE OFFICERS IN TERMS OF OFFICE, BASICALLY, UM, THAT IF, IF WE WERE TO AMEND THE SECTION ON THE IMMEDIATE PAST PRESIDENT SECTION 3.01, SECTION 2.05 JUST CHANGES THOSE LISTED OFFICERS TO PRESIDENT, VICE PRESIDENT, SECRETARY, UM, AND THEN THAT 3.01 B TAKES OUT THAT OFFICE OF IMMEDIATE PAST PRESIDENT. UM, THAT'S NOT REALLY AN OFFICE THAT HAS BEEN IN PLACE. SO, UM, THAT RECOMMENDATION IS BEING MADE. DID YOU HAVE ANY COMMENTS ON THAT? UM, ONE OF THE THINGS THAT YOU, THE IMMEDIATE PAST PRESIDENT LANGUAGE ALLOWED FOR WAS SOME OF YOUR, YOUR PAST PRESIDENTS TO KIND OF STILL HAVE A ROLE ON YOUR BOARD. UM, AND IT JUST DIDN'T REALLY MAKE SENSE FROM A FUNCTIONAL STANDPOINT. SO WE CHANGED THAT SECTION TO REMOVE THE IMMEDIATE PAST PRESIDENT, BUT ALSO AS PART OF THAT, UM, WE CHANGED SECTION 2.05 TO HAVE THE LANGUAGE THAT THE PRESIDENT, VICE PRESIDENT AND SECRETARY SHALL SERVE UNTIL THEIR SUCCESSORS ARE DULY APPOINTED AND QUALIFIED. YOU SEE THAT OFTEN IN CITY COUNCIL AND BOARD, UH, LANGUAGE BECAUSE IT JUST MEANS UNTIL YOU TAKE THE STEP TO APPOINT THE NEXT PERSON, UM, THAT YOUR PRESIDENT, YOUR VICE PRESIDENT SERVE UNTIL THAT, THAT PERSON IS KIND OF SWORN IN. AND THEN WE ALSO TOOK IN AMENDED IT, IT SAID HAD TO BE BY SEPTEMBER 30TH, JUST IN CASE YOU NEEDED SOME ROOM. IT WAS, WE CHANGED THAT TO ON OR ABOUT YOUR SEPTEMBER MEETING. OKAY. UM, SECTION 2.09, THE BOARD RELATIONSHIP WITH CITY COUNCIL. DO YOU WANNA EXPLAIN THAT? THAT LOOKED LIKE A MINOR CHANGE AS WELL? YES. SO THERE ARE A NUMBER OF MINOR CHANGES THROUGHOUT. UM, ONE OF THE CONCERNS THAT WE'VE FREQUENTLY BEEN EXPERIENCING FOR THE BOARD IS HAVING TO TAKE EVERYTHING TO THE COUNCIL FOR APPROVAL FOR ALL OF YOUR EXPENDITURES. SO THIS ONE, UM, JUST ADDS VERY MINOR LANGUAGE ABOUT, UM, YOU HAVE TO SUBMIT YOUR POLICIES AND PROJECT ADMINISTRATION IF IT'S REQUIRED BY LAW OR THE CITY PURCHASING POLICY. THAT WAY YOU'RE NOT HAVING TO SEND EVERYTHING TO THEM. SO THERE ARE A NUMBER OF SECTIONS THROUGH HERE WHERE YOU GO, THAT'S THE EXACT SAME. IT'S JUST VERY, VERY MINOR TWEAK TO PULL IN. AND IF IT'S IN ACCORDANCE WITH, WITH STATE LAW OR THE CITY'S PURCHASING POLICY VERSUS EVERY EXPENDITURE HAVING TO GO TO COUNCIL. SO THAT ADDRESSES THE, UH, TWO WEEKS, SOMETIMES MONTH LONG DELAYS WE'VE HAD, AFTER YOU ALL APPROVE SOMETHING, WE GO TO COUNCIL. WE HAVE TO WAIT FOR COUNCIL TO APPROVE IT BECAUSE OF THE WAY THE BYLAWS WERE WRITTEN. AND OUR CITY POLICY IS THAT DIRECTORS CAN APPROVE UP TO A CERTAIN AMOUNT, AND THEN IT GOES TO CITY COUNCIL. SO IF YOUR BUDGET IS APPROVED EACH YEAR BY COUNCIL, ESSENTIALLY YOU'RE APPROVED TO SPEND THOSE DOLLARS. UM, SO THAT'S WHEN THE CITY'S PURCHASING POLICY KICKS IN. SO WHAT THIS WOULD ALLOW FOR WOULD BE YOU ALL APPROVING SOMETHING. SO FOR EXAMPLE, OUR PARK HILL SERVICES AGREEMENT WAS UNDER 25,000, SO YOU ALL APPROVED IT. WE WAITED TO GO TO COUNCIL, GET IT APPROVED. SO YOU, IN THIS SITUATION, YOU WOULD BE ABLE TO APPROVE THAT AGREEMENT AND THAT WOULD BE DONE AND IT WOULD BE EXECUTED. SO, UM, THOSE ARE JUST LITTLE MINOR TWEAKS THAT WE'VE NEEDED TO MAKE TO THE BYLAWS TO GET IN LINE WITH THAT CITY PURCHASING POLICY THAT WE'VE BEEN FOLLOWING. SO, JUST WANTED TO MENTION THAT PART AND FEEL FREE TO STEP IN IF I'M NOT EXPLAINING SOMETHING PROPERLY. UM, SO THEN THE, UH, SECTION 3.03, 3.04, THAT AMENDS THAT SECTION TO ADD THAT THE SECRETARY WILL PRESIDE OVER MEETINGS IN THE ABSENCE OF THE PRESIDENT AND VICE PRESIDENT. UM, SO THAT ALSO IS THAT IF THEY AREN'T HERE, THEY CAN ASSIGN SOMEONE ELSE TO HELP TAKE MINUTES. UM, AND THAT I, THEY WORK WITH ME, UM, TO HELP KEEP UP SOME OF THOSE MINUTES. BUT ESSENTIALLY THE EXECUTIVE DIRECTOR IS THE KEEPER OF THE RECORDS, BUT, UM, ALSO IT, IT ADDRESSES SOME OF THOSE SIGNING, UM, RESPONSIBILITIES FOR SIGNING THINGS. AND THE 4.02 DISTRICT POWERS ADD NUMBER THREE REGARDING HIRING ADDITIONAL STAFF. RIGHT NOW, THE BYLAWS ONLY SAY THE BOARD CAN HIRE ONE STAFF PERSON, THE EXECUTIVE DIRECTOR, BUT IF THE STAFF WERE TO GROW, WE, WE DON'T HAVE THAT IN THE BYLAWS RIGHT NOW. SO THAT WOULD ALLOW FOR THAT GROWTH OF STAFF. UM, AND THERE, I JUST WANNA POINT OUT, THERE'S ONE ADDITIONAL CHANGE THERE. WE ADDED LETTER D. AGAIN, THIS IS REFERRING BACK TO THE CITY'S PURCHASING POLICY. AND, AND SO, UM, EVERYTHING IS SUBJECT TO APPROVAL, BUT ONLY WHEN REQUIRED BY STATE, STATE LAW ORDINANCE OR THE PURCHASING POLICY. [00:10:05] SO, UM, WHAT SECTION WAS ON, OKAY, THREE POINT, UM, 4.02 IS, UM, OH, DID I JUST DO THAT ONE? MM-HMM. OH, I DID, SORRY. 5.02 USE OF MUNICIPAL DEVELOPMENT DISTRICT PROJECT FUND. UM, THIS IS WHERE IT WOULD ALLOW THE BOARD TO APPROVE SHOULD COUNCIL APPROVE THESE AMENDMENTS. UM, IT, WE WOULD, WE WOULD REQUEST THAT COUNCIL APPROVE THE AMENDMENTS TO, UM, ALLOW THE BOARD TO APPROVE PROJECTS AND AGREEMENTS UP TO $25,000. UM, SO AGAIN, THIS WOULD MATCH THE PURCHASING POLICY DIRECTORS HAVE UP TO, LIKE, I HAVE UP TO $10,000. THE FINANCE, I BELIEVE FINANCE DIRECTORS UP TO 25. SO THAT WOULD GIVE Y'ALL THAT SAME, UM, PERMISSION IN THE PO PER THE POLICY. UM, AND IT WOULD, EVERY YEAR WE WOULD STILL GO BACK AND WHEN WE, UM, WE JUST APPROVED THAT RESOLUTION WITH COUNCIL FOR Y'ALL TO BE ABLE TO APPROVE EACH GRANT PROJECT UP TO $30,000, THAT DID GET APPROVED BY COUNCIL. SO EACH YEAR WE WOULD JUST RENEW THAT RESOLUTION. THAT WOULD INCLUDE OUR GRANTS AND Y'ALL BEING ABLE TO APPROVE THOSE UP TO 30 PER GRANT. WANNA POINT THAT OUT. UM, AND SECTION 5.03 THAT ALICIA? YES. DO YOU HAVE AMOUNT IN THESE CAPS ARE PRETTY COMPARABLE TO OTHER CITIES OF OUR SIZE, OTHER MDD ORGANIZATIONS OF OUR SIZE? THEY ARE, AND IT'S GONNA BE CONSISTENT WITH WHATEVER YOUR CITY, THE CITY'S PURCHASING POLICY IS. SO AGAIN, YOU'RE GONNA MAKE THIS RECOMMENDATION TO COUNCIL AND THEY HAVE TO COME THROUGH AND APPROVE ALL OF THIS. BUT IT'S JUST GONNA PUT CHRISTINE SIMILAR TO THE REST OF THE DIRECTORS FOR THE CITY AND WHAT THEY'RE ALLOWED, UM, BUT EXPENDITURES THEY'RE ALLOWED TO MAKE. SO INSTEAD OF BEING CAPPED AT A SMALLER RATE OR, UM, THE NEXT ONE ON THE ANNUAL BUDGET, WE, CHRISTINE GOES, THERE'S NO CHANGE HERE. SO IT'S VERY, VERY SMALL. THE ORIGINAL LANGUAGE FOR THIS ONE IS, ANY PROPOSED EXPENDITURE NOT INCLUDED IN THE BUDGET WILL REQUIRE APPROVAL OF COUNCIL. SO IF YOU ALL DIDN'T BUDGET FOR PAPERCLIPS, ARGUABLY CHRISTINE CAN'T GO BUY PAPERCLIPS UNTIL COUNCIL APPROVES IT. SO THAT ONE, WE'RE JUST AMENDING TO ANY PROPOSED BUDGET AMENDMENTS, UH, WILL REQUIRE APPROVAL OF THE COUNCIL. SO REALLY WE'RE JUST TRYING TO MAKE IT THAT YOU CAN FUNCTION A LITTLE BIT MORE FREELY, MORE EFFICIENTLY, YOU KNOW, AND, AND KEEPING IN MIND THAT M DDS ARE A CREATION OF YOUR CITY COUNCIL. SO THERE ARE TIMES WHERE CITY COUNCILS FEEL LIKE THEY NEED TO KIND OF REIGN IN ROAD BOARDS OR DIFFERENT THINGS. SO, YOU KNOW, AS, AS YOU WORK IN TANDEM WITH THE CITY AND YOU KNOW, YOU HAVE THAT GOOD WORKING RELATIONSHIP, YOU CAN KIND OF LOOSEN THE REINS A LITTLE BIT AND THEY CAN ALWAYS COME IN IF THINGS START TO GO A LITTLE SIDEWAYS AND TIGHTEN 'EM BACK UP. SO WE'RE HOPEFUL THAT KIND OF WHERE YOU STAND RIGHT NOW WITH THE CITY AND NETWORKING RELATIONSHIP, HOPEFULLY THEY'LL KIND OF GIVE YOU THE REINS TO GO, OH YEAH, THEY'RE MAKING GOOD DECISIONS. WE TRUST WHAT THEY'RE DOING. WE'RE, WE NEED TO LET THEM BE ABLE TO FUNCTION A LITTLE BIT MORE FREELY SO YOU GUYS CAN GET SOME THINGS ACCOMPLISHED MORE TIMELY. 25,000 IS PRETTY YES. EVIL STEVEN ACROSS THE MARKETS. YEP. THANK YOU. SORRY, THAT WAS A VERY LONG ANSWER TO YOUR QUESTION, . IT WAS MORE CLARIFICATION. WE APPRECIATE IT. WELL, WE WANT Y'ALL TO REALLY UNDERSTAND WHAT THESE AMENDMENTS ARE DOING. IT'S NOT, THEY AREN'T HUGE CHANGES. THEY'RE CHANGES WE'VE BEEN DISCUSSING. AND LIKE THE, THE GRANT APPROVAL LAST MONTH WITH THAT RESOLUTION WAS GREAT FOR US BECAUSE THAT MEANS I CAN BRING Y'ALL A GRANT AND Y'ALL CAN APPROVE THAT AND WE'RE STARTED ON THE PROJECT. SO THAT'S GREAT FOR THE BUSINESSES. UM, ESPECIALLY EVEN JUST, YOU KNOW, THESE PROFESSIONAL SERVICES AGREEMENTS WE GET INTO SOMETIMES WE NEED TO BE ABLE TO GET STARTED. AND SO THIS, THIS IS MORE OF AN EFFICIENT WAY, I THINK, FOR US TO OPERATE NOW THAT WE'VE GOT SO MANY PROJECTS THAT ARE TAKING ACTION. UM, SO I WANT YOU ALL TO BE COMFORTABLE WITH THAT. UM, IF YOU FEEL THIS IS SOME, WE WON'T BE ABLE TO TAKE THIS TO COUNCIL TILL MAY BECAUSE THEIR MEETING IS NEXT WEEK. BUT, UM, YOU KNOW, JUST WANTED TO BE ABLE TO HAVE AN OPEN DISCUSSION WITH Y ALL ON THIS BEFORE WE JUST JUMPED OUT THERE. YES, THANK YOU. SO IN THEORY, BEFORE THESE, THESE AMENDMENTS, WE COULD HAVE APPROVED A GRANT OF A SMALLER SIZE AND THE CITY COUNCIL SAID, NO, WE DON'T THINK THAT THAT'S A GOOD ONE. YES, ABSOLUTELY. NOW, NOW WE HAVE THE ABILITY TO DO IT UP TO THE 30,000 BEFORE THEY SAY NO, WE DON'T. BEFORE THEY, I MEAN, EVENTUALLY THEY COULD COME BACK, BUT UNDER THAT, IS THAT HOW THAT WORKS UNDER SPECIFIC PROGRAM? YES. YES. SO UNDER THAT SPECIFIC PROGRAM, YOU CAN DO THAT. UM, BECAUSE, SO THE WAY THAT THE LAW IS SET UP IS THAT COUNCIL CAN ESTABLISH WITH, WITH YOUR, THROUGH THE BOARD SPECIFIC PROGRAMS. AND THEN THERE WAS JUST LANGUAGE IN THE LAW THAT SAID, YOU KNOW, DIFFERENT AMOUNTS HAVE TO BE APPROVED BY COUNCIL. SO WE KINDA REWORKED IT AND SAID THAT THE INDIVIDUAL GRANTS AREN'T THE PROGRAMS, COUNCIL'S GONNA APPROVE THIS ENTIRE BIG GRANT PROGRAM UP TO A CERTAIN AMOUNT AND ALLOW YOU TO APPROVE GRANTS UNDERNEATH THAT. SO WE'RE TRYING TO MM-HMM . MOVE, MOVE THROUGH SOME STEPS AND MAKES SENSE. AND SO WE'RE FINDING CREATIVE WAYS TO DO THAT UNDER THE LAW. YEAH. BUT YES, IT, YOU KNOW, THERE ARE TIMES WHERE THERE [00:15:01] ARE DIFFERENT BOARDS ACROSS DIFFERENT CITIES THAT THEY APPROVE SOMETHING AND COUNCIL GOES, NO, WE HAVE NO DESIRE TO FUND THAT. AND SO THAT DOES HAPPEN. SO WE, THERE IS AN EXCEPTION THOUGH, IF A GRANT CAME AND THERE WAS GONNA NEED TO BE A VARIANCE OR SOME KIND OF FUNDING CHANGE OR SURE. SOMETHING THAT'S AN EXCEPTION TO THE RULE. SURE. UM, WE WOULD NEED TO TAKE THAT BACK TO COUNCIL OF COURSE. BUT, UM, JUST SO THERE'S THAT APPROVAL LEVEL AND EVERYBODY'S ON BOARD WITH THE PROJECT AND THEY ALSO HAVE THE ABILITY TO SAY YOU CAN ONLY DO SO MUCH IN A GRANT THROUGH THE BUDGET PROCESS. SO I MEAN, WE, SO WE WANT 30 AT 30,000 AND THEY SAY NO, YEAH, WE CAN DO 20 AT 30,000. RIGHT. GOT IT. AT BUDGET, WHEN WE GO TO PRESENT BUDGET, IF THEY DON'T LIKE THE LINE ITEM AMOUNT, THEY CAN ALWAYS CHANGE THAT ON ANY OF OUR LINE ITEMS FOR MATTER, AS A MATTER OF FACT. SO THAT IS, AGAIN, THIS JUST KIND OF TAKES IT ALL, BRINGS IT INTO ONE FELL SWOOP FOR US AT BUDGET TIME. UM, AND THEN UNLESS PROJECTS COME UP DURING THE YEAR THAT ARE NEW AND DIFFERENT, UM, THAT YOU ALL DECIDE WE NEED TO DO BEFORE THE NEXT BUDGET CYCLE, THEN WE CAN DO AMENDMENTS, UM, AND REQUEST THOSE SPECIAL PROJECTS. OR ANYTIME WE HAVE TO COME BACK AND ASK FOR ANY MONEY OUT OF OUR RESERVE, WE WOULD STILL HAVE TO GO TO COUNCIL TO GET THAT AMENDMENT MADE. YEAH. BUT THIS, THIS GIVES US FLEXIBILITY WITHIN THAT BUDGET TOO, BECAUSE IF, IF WE'RE STILL UNDER OUR BOTTOM LINE, WE'RE GOOD. WE'RE GOOD. YEAH. RIGHT. COOL. ARE THERE ANY OTHER QUESTIONS ON THAT ITEM? ANYBODY HAVE ANY QUESTIONS? YEAH. YOU, ANYBODY HAVE ANY QUESTIONS? ALEXIS, DO WE NEED A MOTION TO APPROVE OR MM-HMM . OR, OKAY. IF YOU WANT TO APPROVE, UM, I WOULD MOTION TO APPROVE THE UPDATED BYLAWS, UH, JUST DISCUSSED. I SECOND. WOOHOO. TIE I A MOTION BY AARON IS SECOND BY TIM. ALL THOSE IN FAVOR? I'M SORRY. CAN THE MOTION INCLUDE? YES. GIMME THE WORD. UM, WAIT, I'M GETTING ALL BACKWARDS ON MY NOTES HERE. UM, MOTION TO WANT ME TO READ OFF ALL THE SECTIONS. , YOU'RE OKAY. I WAS READING THE ITEM AHEAD OF ABOVE IT. IN THAT ONE WE'RE GONNA NEED AN AMOUNT, BUT THIS ONE YOU'RE FINE. UM, THE 25,000 WAS WRITTEN OUT IN THE RESOLUTION, SO WE'RE OKAY. OKAY. UM, BUT YES, SORRY ABOUT THAT AARON. MOTION TO APPROVE. TEN SECOND. ALL THOSE IN FAVOR? AYE. VOTE IS FOUR TO ZERO. . AND THEN JUST AS A REMINDER, THIS DOES HAVE TO GO TO COUNCIL AND THEY HAVE TO SIGN OFF ON ALL OF THOSE, BUT THANK YOU. SO THIS'LL GO ON TO COUNCIL, RIGHT? I'LL TAKE IT TO THE MAY MEETING. PERFECT. ALL RIGHT. WE'RE GONNA GO BACK IF HE'S READY. YES. JUST WALKED IN. BREATH SHUTTLE, SHUTTLE, RIGHT? THE STARS ARE ALIGNING. AGAIN. . IT MUST HAVE COME FROM THREE 80 . WELL, IT WAS 35 W TO 35 OR ANY. THANK YOU FOR, FOR GETTING HERE. THIS IS ERIC PARKER, I MEAN ERIC WITH PARK HILL. I WILL INTRODUCE HIM IN A MOMENT. UM, I, I WANT TO INTRODUCE THE ITEM FOR Y'ALL. UM, THIS IS A BIG, BIG DEAL FOR US TONIGHT. SO, UM, THANKS EVERYBODY FOR MAKING THE EFFORT TO BE HERE AND TRAFFIC AND ALL THAT GREAT STUFF. UM, NO, YOU, I'M READY. OKAY. AS I WAS WAITING, YEAH. OKAY. CONSIDER AND TAKE ACTION ON AWARDING A CONTRACT TO FRIENDS AND, AND PITTMAN FOR CMAR SERVICES AND GENERAL CONSTRUCTION PROJECT AT 2 0 4 TO 2 0 8 SOUTH MAIN STREET. OKAY. SO JUST A BRIEF OVERVIEW AND REMINDER OF ALL OF THIS PROJECT, UH, WORK IN AUGUST OF 25, THE MDD ACQUIRED TWO COMMERCIAL PROPERTIES AT 2 0 4 TO TWO OH AND 2 0 8 SOUTH MAIN IN DOWNTOWN. THE MDD HAD A, THE BUILDING ASSESSED AND IT WAS DETERMINED THAT MULTIPLE REPAIRS AND IMPROVEMENTS ARE NEEDED TO PREPARE THE TWO BUILDINGS FOR NEW TENANTS TO MEET CURRENT CODE REQUIREMENTS. REPAIRS ARE NEEDED IN THE FRONT AND BACK FACADE, MASONRY, WINDOWS, DOORS, AND SOME INTERIOR WALLS. THERE ARE PLUMBING, ELECTRICAL, MECHANICAL SYSTEMS AND OTHER ITEMS THAT WILL ALSO NEED REPAIRS, IMPROVEMENT AND OR REPLACEMENT, UH, BY THE MDD OR A FUTURE TENANT BEFORE A BUSINESS CAN OCCUPY THE SPACE OR SPACES. IN OCTOBER, YOU VOTED TO ENGAGE THE ARCHITECTURAL AND ENGINEERING FIRM PARK HILL FOR SERVICES, UM, AS A BUILDING OWNER REPRESENTATIVE, OR PARK HILL REPRESENTATIVE ERIC JAMES STARTED WORKING WITH ME IN DECEMBER TO BUILD A PLAN TO ADDRESS THE EXISTING BUILDING DEFICIENCIES AND BRING THE PROPERTY TO A DARK SHELL CONDITION, WHILE ALSO CONSIDERING SOME BEST PRACTICES IN PRESERVING THE BUILDING STRUCTURE AND HISTORIC CHARACTER. ERIC HAS ASSISTED WITH THE RECOMMENDATIONS FOR CONSTRUCTION AND PREPARATION OF THE R-F-P-R-F-Q FOR THE CMAR GENERAL CONSTRUCTION BID. PARK HILL WILL CONTINUE TO REPRESENT THE MDD ON THE PROJECT. ONCE THE GENERAL CONSTRUCTION FIRM IS SELECTED AND APPROVED, [00:20:01] HE WILL HAVE OVERSIGHT OVER, UM, THE CREWS, UH, THE CONSTRUCTION GC ON FEBRUARY 20TH, 26TH. THE MDD POSTED AN R-F-P-R-F-Q AND RECEIVED THREE BIDS BY MARCH 20TH OF 26TH. THE STAFF IN PARK HILL REVIEWED THE BIDS AND WE ARE RECOMMENDING FRANON AND PITMAN OR FRAN PITMAN TO BE AWARDED THE CONTRACT. THE ESTIMATED PROJECT COSTS FOR PROPOSED REPAIRS WITH COSTS RANGING FROM 80,000 TO $350,000 FOR THE SCOPE OF WORK, UH, NECESSARY TO IMPROVE THE BUILDING. UM, AND YOU RECEIVED THAT INFORMATION EARLIER. AND I ALSO WANNA REMIND YOU THAT YOU DO HAVE A BALANCE LEFT IN THE LOAN FOR THIS PROJECT, BUT BASED ON WHAT YOU ALL DECIDE TONIGHT, YOU'LL POSSIBLY NEED TO USE ADDITIONAL RESERVES AND APPROVE A BUDGET AMENDMENT. AT THIS TIME, I'LL LET OUR PARK HILL REPRESENTATIVE, ERIC JAMES, PRESENT THE BUILDING'S CONDITIONS AND NEEDS FOR REPAIR AS YOU ALL, UM, HAVE REVIEWED. AND ERIC, IF YOU'D LIKE TO COME UP. THANK YOU. JEEZ, I GREATLY UNDERESTIMATED THE TRAFFIC ON 35. IT'S BAD. SO THAT WAS, THAT WAS FUN. NORMALLY WHEN I COME SEE Y'ALL AND I COME TO AUBREY, IT'S MORE IN THE MORNING AND TRAFFIC'S A BREEZE. VERY, VERY EASY. MM-HMM . UM, FIRST OF ALL, UH, I JUST WANT TO COMMEND Y'ALL ON THE EFFORT OF PURCHASING THESE TWO BUILDINGS OR THIS SINGLE PROPERTY, BUT TWO ADDRESSES. AS A HISTORIC PRESERVATION ARCHITECT, UH, AS A FORMER COMMISSIONER FOR THE CITY OF FORT WORTH, A LOT OF THESE TYPE OF BUILDINGS WE TYPICALLY SEE JUST DETERIORATE AND EVENTUALLY FALL APART DUE TO NEGLECT. UH, SO THE FACT THAT Y'ALL STOOD FORWARD AND DECIDED THAT THESE WERE WORTH SAVING, UH, IF Y'ALL'S HISTORIC DOWNTOWN SPEAKS VOLUME TO Y'ALL'S INTEGRITY, AND I DO WANT TO COMMEND Y'ALL FOR THAT. UM, I'M TRYING TO THINK, IS THERE, DID YOU HAVE THE REPORT? OH, DANG. UM, YOU KNOW WHAT, IT'S ON THE BOARD PACKET. IF NOT, I CAN ALMOST DO IT BY MEMORY, BUT I JUST WANNA MAKE SURE IF SOMEONE , GO AHEAD. START ONE MORE TIME. UH, SO AS CHRISTINE SAID, THE, THE INITIAL THE INITIAL ASSESSMENT FOR THIS, UH, BUILDING WAS DONE BY THIRD PARTY. UH, BASED OFF OF THAT INITIAL ASSESSMENT, UH, WE WENT THROUGH, THANK YOU, UH, AND BEGAN TO TAKE A LOOK AND ANALYZE, UH, THE DIFFERENT, UH, PIECES THAT WERE RECOMMENDED FOR REPAIR, TRYING TO DETERMINE WHICH WERE CONSIDERED MORE OF A TRUE BUILDING OWNERS COMPONENTS THAT NEEDED TO BE ADDRESSED IMMEDIATELY FOR, UH, LIFE SAFETY. AND THEN WHAT ARE ITEMS THAT EVENTUALLY COULD BE ROLLED INTO A TENANT FINISH OUT AND ALLOW THE TENANT TO HANDLE. SO THAT WAS KIND OF THE FIRST DEVIATION, OR LOOK AT THE PROJECT THAT WE DID. OH, SOMEONE'S CHANGING THE OTHER SCREEN. IT WAS CHANGING, SORRY. . UM, AND SO WE DID MAKE A RECOMMENDATION REPORT THAT WAS POSTED, UH, TO THE GCS TO REVIEW. UH, DURING THAT TIME, ALL GCS TOOK A LOOK AT IT TO UNDERSTAND, THEY WALKED THE SITE WITH US TO GET A VISUAL OF WHAT THAT BUILDING LOOKS LIKE. UM, WHEN WE GET INTO THE COST, YOU CAN, YOU'LL SEE SOME OF THESE ITEMS. MOST COSTS COME TO THE MASON REPAIR, BUT FOR THE MAJORITY, THE BUILDINGS ARE IN RELATIVELY GOOD CONDITION. UH, THE WORK THAT DOES NEED TO BE DO IS JUST YOUR TYPICAL WEAR AND TEAR, UH, WHEN IT COMES TO BASIC MATERIAL, UH, LIFESPAN, UH, WHEN IT COMES TO THE MORTAR ON THE BRICK, THINGS OF THAT NATURE, YOUR TYPICAL PLUMBING, HVAC SYSTEMS. UM, AND THE REST OF IT IS JUST DEMOLITION TO MAKE THE BUILDING READY. UM, STILL TRYING TO FIND THE REPORT HERE. SHE HAS TABS. UH, WHICH ONE HAD THE ACTUAL REPORT ON IT? DO YOU REMEMBER WHICH TAB? BECAUSE I DON'T WANT TO GO THROUGH HIS PART. WHICH REPORT? THE, OH, IT WAS AT THE VERY BOTTOM OF THIS? YEAH. MM-HMM . THAT'S THE BID. OH, THAT'S THE BID. WHICH ONE HAD, UM, THAT'S THE ONE. IT SHOULD BE ON THE, OKAY. I SENT THEM THAT DOCUMENT. IS THAT IT? NO, THIS IS THEIRS. I DIDN'T KNOW IF YOU WANT ME TO TALK TO THEIRS OR NOT. UM, OR WE CAN JUST ADDRESS THE, IT'S UP TO YOU AND I KNOW THEY HAVE SOME QUESTIONS TOO. OKAY. WELL, WE CAN JUST GO AHEAD AND, AND KIND OF ADDRESS, UH, THE ITEMS THAT WERE LISTED BY, UH, FRAN AND PITTMAN, UM, AND GO THROUGH THAT AND THEN ALSO ANSWER ANY OF YOUR QUESTIONS. UM, SO OVERALL, DEPENDING ON WHICH DOCUMENT YOU HAVE IN FRONT OF YOU RIGHT NOW, UM, THE FINAL BID THAT FRAN AND PITTMAN CAME FORTH WITH, WHICH $337,000, UH, THAT WAS, UM, KIND OF AN ANTICIPATED COST, UH, OR REALM OF COST THAT WE WERE LOOKING AT BASED OFF THE CURRENT CONDITION [00:25:01] OF THE BUILDING. AGAIN, THAT COST DOES INCLUDE THEIR GENERAL CONDITIONS AND ALSO JUST, UH, GENERAL REQUIREMENTS THAT THEY'RE GONNA NEED FOR SUPPLIES AND THINGS OF THAT NATURE ON THE SITE. UH, THE REST OF THE COST IN THE GRAND SCHEME OF THINGS ARE, I WOULD SAY MORE IN THE MINOR SIDE, UH, CONCRETE REPAIR, $6,000, UH, LET'S SEE, CARPENTRY, WE'RE AT $7,000 AND MOISTURE PROTECTION, 6,000 FINISHES, 37,000. THE FINISHES DO INCLUDE, UH, THE FRONT FACADE UPGRADES. AND SO THAT IS GOING TO BE TAKING THE EXISTING WOOD THAT IS THERE. UH, THEY HAVE A CARPENTER ON BOARD THAT WILL BE SYSTEMATICALLY LOOKING AT THAT FACADE. WHAT IS ROTTED? WHAT CAN BE SAVED? UM, I HAVE PUSHED FOR SIM PITMAN, UM, AS WELL AS THE OTHER GCS THAT WE TALKED TO, TO KEEP THE INTEGRITY OF THAT FRONT FACADE AS MUCH IN PLACE AS POSSIBLE. UM, I DO NOT BELIEVE IN AN ENTIRE REPLACEMENT BECAUSE THEN YOU LOSE PART OF THAT HISTORY. SO THEY ARE GONNA BE LOOKING AT JUST REPLACING WHAT IS NEEDED, LEAVING THE REST OF THE WOOD IN PLACE IF POSSIBLE. UM, AND SO THAT WOULD GO UNDER, UM, THE FINISHES, UH, CATEGORY, UH, MECHANICAL AND ELECTRICAL. THOSE ARE JUST MAKE READY SERVICES. SO WE HAVE REQUESTED THEM TO ENSURE THAT WHEN A TENANT IS LOCATED AND FOUND FOR THE PROPERTY, THOSE ITEMS ARE MADE READY, UH, AND, AND READY TO BE IN GOOD USE. NOW THE MECHANICAL ONE IS MORE OF A MINOR ONE, UH, JUST GETTING, UH, SYSTEMS READY, BUT KNOWING THAT WE WILL PROBABLY HAVE TO REPLACE THE RT UNITS ON THE ROOF. A LOT OF INFORMATION. I KNOW Y'ALL HAVE QUESTIONS, SO I AM FREE AND HAPPY FOR Y'ALL TO PEPPER ME WITH WHATEVER Y'ALL HAVE. YEAH. SO IT JUST SOUNDS LIKE THERE'S PLENTY OF TIME, UM, TO DECIDE WHAT WE WANNA LEAVE AS A, A TENANT IMPROVEMENT VERSUS SOMETHING THAT AS AN ORGANIZATION THAT WE WANT TO PUT INTO THE PROPERTY. RIGHT. CHRISTINE? WELL, LIKE WINDOWS, LIKE, I MEAN, I SEE WINDOWS, DOORS, WINDOWS GLASS ZERO, BUT CERTAIN IF WE WANT AS A, WE NEED TO ADDRESS THAT FACADE AT ESAP AND THAT SURE, THAT AWNING CAN'T COME DOWN UNTIL THE FACADE PLAN AND, AND CONSTRUCTION'S READY FOR THAT. SO WHEN WE SHOW THE BUILDING, WE DO GET QUESTIONS A LOT ABOUT WHAT, WHAT ARE Y'ALL GONNA DO? WHAT'S EXPECTED OF US? I'M JUST WONDERING WHAT THAT, UM, AS YOU KNOW, WHEN YOU RIP INTO THESE WALLS, THERE'S GONNA BE ANOTHER LAYER OF PROBLEMS THAT GETS FOUND. UM, SO THE GOAL I RECOMMEND WOULD BE TO GET THAT SHELL AS STRAIGHTENED UP AND REPAIRED AS POSSIBLE. THAT WOULD BE THE INTERIOR, EXTERIOR WALLS, FACADES, ANY OF THE ROOF DRAINAGE ISSUES THEY'RE RECOMMENDING. UM, THE HVAC IS MOST LIKELY GONNA HAVE TO BE REPLACED, UM, WHETHER OR NOT YOU WORK OUT A SITUATION ON THAT. BUT IN TERMS OF THE ACTUAL SHELL, UM, JUST LOOKING AT IT AND JUST WALKING THROUGH THE BUILDING, UM, IT'S BEEN EMPTY THREE YEARS. THERE'S JUST BEEN A LOT OF HUMIDITY IN THERE. UM, AND, YOU KNOW, MORTAR, UM, BREAKING LOOSE. SO JUST IN THE TALKING WITH THE TENANTS WHO'VE, POTENTIAL TENANTS WHO'VE LOOKED AT IT, IT'S A LOT TO TAKE ON. UM, SO I THINK AS MUCH AS WE CAN POSSIBLY DO TO BRING THAT BUILDING UP, UM, TO A GOOD DARK SHELL AND POSSIBLY HAVE SOME THINGS READY FOR THEM TO GO IN AND FIX, OTHERWISE IT'S GONNA TAKE A TENANT QUITE A BIT OF TIME TO GET READY IN THERE. MM-HMM . SO THAT BEING SAID, I, I WOULD AGREE THAT REALLY IT'S GOING TO BE THE OVERALL SHELL OF THE BUILDING THAT THE MAJORITY OF THE FOCUS DOES NEED TO BE ON. UH, SOME OF THE MASONRY WORK IS IN PRETTY POOR SHAPE. UM, AND MY CONCERN IS MORE ON THE SAFETY SIDE NOW. UH, WE'VE NOTICED, ESPECIALLY ON THE FRONT FACADE UP HIGH, THERE ARE SOME BRICKS THAT SEEM TO BE COMING LOOSE JUST BECAUSE OF DEGRADATION OF THE MORTAR, UH, ON THE REAR OF THE BUILDING, WE'RE JUST STARTING TO SEE A LOT OF THE MORTAR COMPLETELY GONE, WHICH AT SOME POINT YOU WILL SEE FAILURE, UM, ON THE INTERIOR, PRIMARILY ON 2 0 8, UH, SHARED WITH THE ADJACENT PROPERTY. UM, PREVIOUS TENANT HAD USED, UH, WOOD TWO BY FOURS AND OTHER MEANS TO TRY TO SHORE OF THAT WALL JUST BECAUSE IF YOU GO OVER THERE AND TOUCH THE MORTAR, IT'S COMING OUT LIKE SAND MM-HMM . UM, AND SO THINGS LIKE THAT WE JUST FEEL ARE NECESSARY AND NEEDED FOR FUTURE TENANTS TO BE TAKEN CARE OF RIGHT NOW. YEAH, I AGREE. YEAH. YEAH. SINCE THIS USED TO BE A RESTAURANT WITH ALL THIS BEING DONE, LIKE WHAT STILL IN THERE AND HOW DOES ANY OF THIS IMPACT THAT? SO IN OTHER WORDS, IF SOMEONE THAT'S NOT A RESTAURANT WANTS TO GO IN THERE, WHAT ADDITIONAL WORK WOULD US OR THEY HAVE TO DO WITH THAT BACK HALF? OR IS THIS GONNA TAKE CARE OF ALL, OR WHAT'S, WHAT'S EVEN LEFT BACK THERE? UH, SO WHAT'S LEFT BACK THERE, UM, ARE SHELLS OF WHAT WERE A WALK-IN FREEZER AND COOLER, UM, BASED ON CURRENT CONDITION AND THE INABILITY TO EVEN CLOSE THOSE DOORS AT THIS TIME, I DON'T KNOW WHAT WORKING CONDITION THEY'RE CURRENTLY IN. [00:30:01] UH, BESIDES THAT YOU HAVE A VENT HOOD, UH, FOR THE MAIN COOKING AREA THAT SEEMS TO BE STILL IN WORKING ORDER AND GOOD CONDITION, UM, THAT EITHER COULD BE SALVAGED BY THE NDD AND SOLD, UH, THIRD PARTY MARKET TO RECOUP SOME COST. UM, AND SO THAT FOR THE MAJORITY IS ABOUT ALL THAT IS LEFT, UH, IN THE REAR OF THAT BUILDING. SO NOT MUCH. IF A RESTAURANT, IF A RESTAURANT WAS TO COME IN WITH HEALTH CODE AND EVERYTHING ELSE, IT WOULD BE SIGNIFICANT WORK STILL FOR THEM TO TURN IT AROUND. BUT IF I WANTED TO PUT IN, OR IF SOMEONE WANTED TO PUT IN A RETAIL STORE OR SOME NON RESTAURANT, WHAT, I MEAN, WOULD THEY HAVE TO COME IN AND TEAR OUT ALL THAT THAT'S LEFT AS OPPOSED TO, YOU KNOW, A RESTAURANT THAT'LL HAVE TO UPGRADE THE STOVE AND ALL THAT OTHER STUFF. SO HOW DOES YES, THEY WOULD, HOW DOES THAT WORK? THEY WANT TO REMOVE THE VENT HOOD IN THAT REAR. OKAY. UH, AND THEN AT THAT POINT YOU COULD JUST CAP UTILITIES IN PLACE AS THEY ARE. OKAY. SO THERE WOULD BE NO NEED TO TAKE THE UTILITIES OUT OF THE BUILDING BECAUSE YOU STILL WANNA LEAVE THOSE IN PLACE FOR FUTURE TENANTS. UM, IN CASE SOMETHING CHANGED AND FIVE YEARS A RESTAURANT DID COME IN. OKAY. UM, OTHERWISE THERE WOULD BE SOME ADDITIONAL DEMOLITION. BUT YEAH, YOU'RE TAKING OUT THE WALK-IN FREEZER, RIGHT? AS OF RIGHT NOW, THAT HAS NOT BEEN PART OF THIS. WE WERE LEAVING IT IN PLACE. OKAY. THAT WOULD BE, THAT WOULD BE SOMETHING THE TENANT COULD, WE COULD WORK WITH A TENANT ON TENANT IMPROVEMENTS, BUT IF YOU ALL DECIDE IF THEY DECIDE THEY WOULD WANT TO, WELL, I WOULD, I DON'T UNDERSTAND. WHAT IF IT, IF YOU DON'T KNOW IT WORKS, WHY WOULD YOU LEAVE IT IN THERE? MAIN REASON, I'M NOT A PROFESSIONAL WHEN IT COMES TO THAT TYPE OF EQUIPMENT. AND SO WITHOUT HAVING A COMPANY COME OUT TO ACTUALLY CHECK ITS SERVICE AND LONGEVITY OF LIFE, IT MAY BE ABLE TO BE REPAIRED AND CONTINUE TO BE IN USE FOR A FUTURE TENANT. UM, SO THE LAST THING WE WANTED TO DO WAS REMOVE SOMETHING THAT MIGHT HAVE THE ABILITY, UM, KNOWING THE NEXT DOOR BUILDING, WHY WOULD WE LEAVE IT IN THERE? THAT IS SOMETHING WE WOULD NEED TO INVESTIGATE ONCE WE GET POWER AND WATER. YEAH. UM, FOR SURE. BUT AGAIN, THIS IS GONNA BE A WORK IN PROGRESS, SO ONCE WE TURN ON POWER AND WATER, THERE MIGHT BE A NEW SURPRISE. SO THIS IS WHERE WE HAVE TO BUILDINGS. I UNDERSTAND. SO THAT'S WHERE WE'LL HAVE TO JUST BE FLEXIBLE AND THEN, UM, BUT WE WON'T GET THAT POWER WATER UNTIL WE GET STARTED. BUT THEN THAT'S WHERE WE'VE GOT, UM, THE ABILITY TO COME BACK TO Y'ALL AND SAY, OKAY, HERE'S ANOTHER ISSUE. UM, HOW DO YOU WANNA TACKLE THIS? SO, UM, OKAY. I MEAN, Y'ALL CAN TALK ABOUT TONIGHT WHAT, WHAT REPAIRS YOU WANT TO, AND IF YOU WOULD, IF, CAN THEY DECIDE IF THEY WANT TO INCREASE AN AMOUNT? SO SAY FOR INSTANCE, WE GET IN THERE AND FIND OUT THE WALK-IN IS DEAD. UM, CAN THEY GO AHEAD AND SAY AN INCREASE TONIGHT OR WOULD WE HAVE TO COME BACK? I'D, I'D RECOMMEND YOU COME BACK WITH THAT. MM-HMM . SORRY. YOU CAN CERTAINLY DIRECT, WE WANT INVESTIGATION INTO THIS AND TO BRING BACK MAYBE A REPORT ON THE FREEZER. UM, BUT THAT WAY YOU CAN LOOK AT COSTS AND EVALUATE THOSE, UM, BASED ON WHAT IS FOUND VERSUS YEAH. SAYING, SAYING WHAT THE, THE AMOUNT THAT YOU'RE APPROVING UPFRONT IS. RIGHT. AND YEAH, I, I, I THINK WE WOULD BE BETTER OFF, UM, DEVELOPING CONTINGENCY ON OUR END OF THE BUDGET TO, FOR UNFORESEEN REPAIRS AND THINGS THAT THERE'S NO NEED TO APPROVE SOMETHING. MM-HMM . THAT'S UNKNOWN. MM-HMM . SO WHAT'S A MARGIN? THEY'RE SAYING A DOLLAR AMOUNT, 10%? UM, IT, I MEAN IT JUST DEPENDS. IT DEPENDS ON THE SIZE OF THE PROJECT AND THE SCOPE AND THE COMPLEX THAT, YOU KNOW, THE COMPLEX OF THE PROJECT. BUT YOU CAN DO A PERCENTAGE OR, OR NOT TO EXCEED AMOUNT, SOMETHING LIKE THAT. WE CAN ALSO JUST COME BACK TO Y'ALL ONCE THEY GET IN THERE AND START DOING THE DEMO AND THEY'LL HAVE THE POWER AND THE WATER AND THEY'LL BE ABLE TO SEE MORE ISSUES OR IF, IF THEY ARISE. UM, BUT WE KNOW AS CERTAIN THINGS COME OFF THE WALLS, THERE MAY BE ISSUES AND THOSE BEAMS YOU JUST, WE JUST DON'T KNOW UNTIL STUFF STARTS GETTING, I MEAN, THE CONTRACTOR STUFF CARRYING A TENDENCY WITHIN THEIR BUDGET ALREADY MM-HMM . AND SO, I MEAN WE'VE, THERE'S DOLLARS ALREADY SET ASIDE IN THE BUDGET FOR THAT. YEAH. OKAY. YEAH. SO KEEP IN MIND, YOU KNOW, IT IS A CMR, WHICH IS CONSTRUCTION MANAGER AT RISK. SO THEY CAN, THEY TAKE THINGS INTO THAT CONSIDERATION WHEN THEY'RE LOOKING AT IT. WHY WAS THE ESTIMATE SO WIDE? I MEAN LIKE WHAT, WHAT DOES $80,000 GET YOU VERSUS OBVIOUSLY THE WHOLE THING? SO THE $80,000 WAS UH, WHAT WAS PRETTY MUCH IN THE INITIAL BUDGET OF WHAT COULD HAVE BEEN HANDLED BASED OFF THE LOAN THAT Y'ALL HAD. OKAY. UH, WHAT WE HAD ASKED THE GCS, UH, WHEN WE WENT THROUGH THIS CONVERSATION WAS [00:35:01] WE NEEDED TO UNDERSTAND, BASED OFF THE REPORT, WHAT IS IT TRULY GONNA TAKE TO MAKE THIS BUILDING. AND SO, UH, WE LEFT IT AS A RANGE SAYING WE CAN FIND A WAY TO VE AND REMOVE SOME COMPONENTS FOR Y'ALL AND GET IT WITHIN THAT 80,000 IF THAT'S THE BUDGET WE NEED TO STAY. BUT IN ORDER FOR US TO ACTUALLY ACCOMMODATE ALL THESE ITEMS, IT IS THAT 300, UH, AND 37,000. OKAY. LAST THING WE WANNA DO IS JUST COME TO Y'ALL AND SAY, HERE'S THE STICKER SHOCK OF A ONE AND ONLY KIND OF THING. BUT THERE IS THE ABILITY TO HAVE THAT CONVERSATION. DO YOU HAVE ANY THOUGHTS ON THE OVERALL ? NO. SO I CHECKED WITH FINANCE ON THE LOAN, UH, BALANCE THAT WE HAVE AFTER THE PURCHASE OF THE BUILDING AND A COUPLE OF OTHER EXPENSES THAT WE HAD TO PUT TOWARD THAT PROJECT. UM, WE ACTUALLY HAVE $122,446 85 CENTS LEFT IN THAT LOAN BALANCE. SO THAT HELPS. UM, AGAIN, WITH, WE HAD PLANNED ON THAT LOAN COVERING SOME REPAIRS, BUT KNEW THAT WE WOULD MAKE, MAYBE HAVE TO GO BACK INTO CASH RESERVE AND GET SOME OTHERS BASED ON WHAT YOU ALL DECIDE YOU WANT TO COVER AS THE LANDLORD. UM, OTHERWISE WE CAN FIX WHAT WE CAN FIX AND THEN TALK TO A TENANT. BUT, UM, I WILL TELL YOU, UM, WHEN THE TENANT POTENTIAL TENANTS HAVE WALKED IN THERE, IT'S A LITTLE OVERWHELMING, UH, ON THE AMOUNT OF WORK THAT WOULD HAVE TO BE DONE AND THE COST IT WOULD TAKE TO GO INTO IT IMMEDIATELY. SURE. FOR SURE. SO, UM, THAT'S AGAIN, WE KNEW GOING INTO THIS THAT IT WAS A PRESERVATION, UM, PIECE AND THAT WE WOULD HAVE UNREALIZED REVENUE . HOW DO YOU LIKE THAT TERM, TIM? UH, BUT IT'S DEFINITELY, IT'S CALLED SUNK COST. THAT'S OKAY. . BUT THIS IS AN INVESTMENT, UM, BECAUSE WE KNOW THAT YEARS FROM NOW, I MEAN THIS BUILDING'S WHAT, 136 YEARS OLD? SO, UM, WE KNOW THAT IN A HUNDRED YEARS SOMEONE WILL COME ALONG AND BE ABLE TO DO THIS AGAIN. RIGHT. SO, UH, WE HOPE TO GET IT TO THE NEXT A HUNDRED . SO WHAT, WHAT DO WE HAVE LEFT ON THE, ON, ON THE BALANCE THAT WE CAN USE? UH, 122,446. SO ROUGHLY FOUR SIX. AND THEN THE TOTAL AMOUNT, IF WE USED ALL THAT, WHAT'LL BE THE LOAN BALANCE? WHAT'S THE TOTAL THE LOAN BALANCE? THE LOAN IS 1.3 AND WE PURCHASED THE BUILDING FROM THERE. SO, UM, AND WE HAD A COUPLE OTHER LIKE IN COST, BUT THIS IS WHAT YOU HAVE LEFT IN THAT LOAN. UM, AND YOUR LOAN, BY THE WAY, IS ON YOUR BALANCE SHEET AS AN ASSET. MM-HMM . UM, SO IF YOU WERE, IT'S A WEIRD WAY FOR ME, IT'S A STRANGE WAY TO PUT IT, BUT THAT'S WHERE IT GOES. BUT, SO WE, UM, CAN TAKE YOUR FUNDS THAT YOU, IF WHAT YOU DECIDE WE CAN TAKE THAT OUT OF RESERVE AND YOU'LL HAVE TO DO A BUDGET AMENDMENT REQUEST TO COUNCIL. SO, UH, WE, WE HAVE HAD, YOU KNOW, PEOPLE LOOKING, THERE'S PEOPLE INTERESTED AND THEY HAVE CONCEPTS, BUT ARE THERE MORE THIS KNOWING WHAT WE'RE GONNA FIX, UM, THAT THEY NEED TO KNOW WILL HELP US WITH NEGOTIATION OF, AND ALSO HELP THEM UNDERSTAND A TIMELINE OF GETTING IN THERE. UM, BECAUSE THIS WORK COULD TAKE IT, IT WAS WHAT, UM, HOW MANY DAYS? FOUR, ONCE IT GOT STARTED, ABOUT FOUR WEEKS. YEAH. WHICH IS A GREAT TURNAROUND. YEAH. AND THAT'S A LOT OF HOLD UP IS THAT WE'VE NOW HAD THIS BUILDING FOR EIGHT OF ALMOST A FULL YEAR AND EVERYBODY'S LIKE, WELL WHAT ARE YOU GONNA DO WITH IT? YEAH. SO THEY WANNA SEE MOVEMENT BEFORE THEY'LL COMMIT TO ANYTHING. MM-HMM . AND I THINK ONCE THEY SEE WE ARE PUTTING MONEY INTO IT AND IT'S SERIOUS, UM, IT'S GOING TO HELP SOMEONE FEEL LIKE THEY CAN REALLY INVEST IN IT TOO. WHAT KIND OF BUSINESSES ARE LOOKING IT'S MOSTLY RESTAURANTS. IT IS RESTAURANTS. UM, SOME, SOME HAVE ASKED ABOUT JUST THE ONE SIDE RENTING THE ONE SIDE. UM, WE CAN RENT JUST THE ONE SIDE WE'LL NEGOTIATE. SO AGAIN, IT'S A NEGOTIATION AND SEEING WHAT'S GONNA FIT YOU ALL WILL, UM, REVIEW PROPOSALS THAT COME BACK. UM, WE HAD THE PROPOSAL UP THE RFP UP FOR TENANTS FOR ABOUT TWO MONTHS. SO, UM, GOT LOOKERS, HAD PEOPLE TALKING, UM, BUT NO PROPOSALS WERE SUBMITTED SO, AND THEY WON'T BE UNTIL WE HAVE AN IDEA. MM-HMM . SO BASICALLY WE WOULD BE ABOUT 1.4 MILLION OUTSTANDING BALANCE ON THE LOAN IF WE TRIM IT UP TO THE TOP AND THEN WE'D STILL NEED ANOTHER 200,000 MORE OR LESS IF WE APPROVE THE WHOLE 3, 3 7. AM I DOING THE MATH RIGHT? [00:40:01] BECAUSE WE GOT ONE POINT. IS THAT PART ABOUT THE LOAN AGAIN? SO WE HAVE 1.29 LOAN OUTSTANDING ACCORDING TO THE BALANCE SHEET. MM-HMM . YOU SAID THAT WE HAVE 120,000 LEFT THAT WE DRAW ON THAT THAT WAS APPROVED TO BE SPENT. YES. MM-HMM . SO THAT'S UNDRAWN LINE. MM-HMM . OKAY, SO THAT'S 1.42 ISH, RIGHT? MM-HMM . AND THEN WE WOULD STILL NEED ANOTHER 200,000 ISH TO GET TO THE 3 37. SO THAT'S WHAT, SO WE WOULD BE HAVING TO TAKE 200,000 OUT OF OUR BUDGET CON THE AMBIGUOUS PART OF OUR BUDGET, THE CONTINGENCY PART, . UM, AND SO THAT'S WHAT YOU WERE TALKING ABOUT EARLIER WHERE YOU WERE SAYING THE SURPLUS, THAT WAS WHATEVER PART OF THAT RIGHT. IT WOULD BE IMPACTED BY THAT. SO THE 60 WHATEVER, $64,000 ESTIMATED SURPLUS WOULD GO NEGATIVE BY WHATEVER THE NET WE END UP DOING. IS THAT CORRECT? YOU KNOW, I'M TERRIBLE AT NUMBERS IN MY HEAD. , SO YOU KNOW THAT TIM . BUT YES, WE CLOSE ENOUGH FOR WE IT'S CLOSE ENOUGH FOR GOVERNMENT WORK. NO, WE WILL BE, UM, 15. YEAH. YEAH. SO WHATEVER YOU TAKE OUT BEYOND THAT 1 22 THAT YOU ALL DECIDE THAT YOU WOULD WANT TO TAKE OUT, UM, WE CAN DO THAT IN THE AMENDMENT AND THEN IT'S JUST COMING OUT OF YOUR CASH THAT'S ON HAND. MM-HMM . UM, SO YEAH, IT'S, WE'VE GOT TWO AND A HALF MILLION PLUS INVESTMENTS, SO RIGHT. NOT PROBLEM MEAN YOUR CASH ON HAND IS, IS NEARLY 4 MILLION. SO THAT'S WHERE WE JUST, YOU KNOW, WHATEVER YOU ALL DECIDE YOU WANT TO DO NOW, AGAIN, WE ARE GOING TO BE PROBABLY COMING BACK TO YOU WITH MORE OPTIONS, UM, ONCE WE GET IN THERE AND SEE SOME OTHER DEFICIENCIES. SO, UM, THIS IS JUST THE BEGINNING OF, OF WHAT, WHAT WE'LL NEED TO GET STARTED BASED ON WHAT YOU ALL DECIDE. BUT WE DO HAVE, LOOKING AT THE BUDGET, $150,000 BUDGETED FOR PROPERTY PURCHASES, RIGHT. THAT WE CAN TECHNICALLY YES. THAT CAN'T. RIGHT? I MEAN THAT WE'D HAVE TO RELOAD IF WE FOUND SOMETHING, BUT LET ME REMIND YOU, WE HAVE A DEMOLITION, WE STILL HAVE TO GET FINISHED , WHICH WAS A REAL ESTATE PURCHASE, UM, A WHILE BACK. BUT AGAIN, THAT'S WHY THAT LINE ITEM FOR THE REAL ESTATE PROPERTY IS THERE, RIGHT? THAT'S TO HANDLE ALL THESE EXPENSES THAT COME WITH PURCHASING A PROPERTY. UM, SO JUST KEEP THAT IN MIND. UM, AGAIN, ANYTHING YOU DON'T SPEND GOES BACK RIGHT INTO THAT RESERVE. RIGHT. SO FOR THE NEXT YEAR, SO RIGHT. AND RIGHT NOW THERE'S SOME LINE ITEMS THAT WE HAVEN'T SPENT YET BUT UH, IN THIS BUDGET YEAR, BUT UM MM-HMM . YEAH. AND OUR FRAN AND PITMAN REP IS HERE. IF YOU HAVE ANY QUESTIONS FROM WHAT THEY REVIEWED OR SAW, YOU CAN ASK IF YOU NEED TO AND HE LOVES TO BE GRILLED, SO JUST PUT THAT ON THE RECORD. WE GET PAID FOR. WELL THEN ON A RELATIVE BASIS, FROM ALL THE PROPERTIES THAT YOU HAVE WORKED ON SCENE, YOU KNOW, ON A SCALE OF ONE TO 10, WHAT'S THE CONDITION OF THIS THING VERSUS OTHER SIMILAR AGE OR, YOU KNOW, USE PROPERTIES? I WOULD SAY BASED ON THE AGE AND KIND OF WHERE IT'S AT, I WOULD SAY LIKE OUT OF 10, PROBABLY A SIX. OKAY. LIKE ERIC'S SAYING, I THINK A LOT OF THE COSMETICS AROUND THE BUILDING ARE LIFE SAFETY AT THIS POINT. THE INSIDE OF THE BUILDING IS NOT, THERE'S NOT A WHOLE LOT GOING ON THERE. SO IT'S RIGHT. THERE'S NOT A LOT OF, IT'S JUST BUILDING DIFFERENT LIFE SAFETY ITEMS IN THERE BESIDES THE ELECTRICAL AND PLUMBING THAT WE'VE NOTED. AND THEN THE MASONRY REALLY ON THE OUTSIDE'S, KIND OF THE BIG PIECE OF THAT. OKAY. UM, I WOULD SAY IT KIND OF FALLS IN LINE WITH THE REMAINDER OF THOSE BUILDINGS THAT ARE REALLY THE A HUNDRED YEAR PLUS MARK THAT ARE STILL OUT THERE FROM WHAT WE SEE, SO. OKAY. AND THEN WHAT'S THE DIFFICULTY IN MATCHING THE BRICK OR DO YOU HAVE TO MATCH BRICK OR HOW DOES THAT WORK? IT'S A LITTLE DIFFICULT TO MATCH EXISTING BRICK. UM, BUT THERE'S ENOUGH OF THERE AT LEAST IN THE INSIDE PORTION OF THAT, UM, WHERE WE'RE REALLY JUST TUG POINTING THAT BRICK. SO REALLY REPAIRING THE, THE MORTAR AROUND IT. UM, AND NOT REALLY REPLACING THAT BRICK ALL TO SAY. UM, BUT THE OUTSIDE, WE HAVE MULTIPLE VENDORS THAT WE WORK WITH PRETTY CLOSELY, ESPECIALLY WITH THESE OLDER BUILDINGS THAT GET PRETTY CLOSE. IT WON'T EVER BE THE EXACT SAME TYPE OF BREAK, BUT THEY DON'T MAKE IT THE SAME WAY THAT THEY USED TO MAKE IT. SURE. UM, BUT WE DO GET PRETTY CLOSE WITH, WITH A LOT OF THOSE STYLES. UM, SO. OKAY. [00:45:01] ANY OTHER GENERAL QUESTIONS? CONSTRUCTION QUESTIONS? OKAY, COOL. THANK YOU GUYS. I DO WANT TO ADD ONTO THAT REAL QUICK THAT AS KIND OF THE PRESERVATION ARCHITECT I WILL BE OVERSEEING TO MAKE SURE ON THE MASONRY PART THAT WE MIGHT DO SOME BRICK DONOR COMPONENTS TO WE'LL TAKE BRICK FROM ELSEWHERE ON THE BUILDING THAT CAN BE REMOVED TO REPLACE IT ON THE FRONT OF THE FACADE OR HIGHLY VISIBLE PLACES. AND THEN ANY NEW BRICK GET REPLACED, UH, ELSEWHERE ON THE BUILDING THAT'S LESS VISIBLE. SO THAT WAY WE MIGHT NOT SEE THAT BIG OF A DIFFERENCE. OKAY. THANK YOU. LIKE A HAIR TRANSPLANT, VERY CLOSE TO A HAIR TRANSPLANT. YEAH. AND ERIC, CAN YOU EXPLAIN HOW YOUR CONTRACT SERVICES WORK FOR OUR, FOR REPRESENTING OWNER, UM, THE OWNER ON THE PROJECT WHEN YOU'RE WORKING WITH THE CONTRACTOR AND IF THERE'S ANY CHANGES IN AN ORDER OR ANYTHING THAT COMES UP. CAN YOU EXPLAIN FOR THE BOARD HOW THAT WILL WORK? OKAY. UM, SO AT THIS POINT, UH, THE WAY THAT THE CMAR CONTRACT IS, UH, WRITTEN OR THAT'S GONNA WORK IS THAT CHANGE ORDERS CAN ONLY HAPPEN IF THEY'RE DIRECTED, UH, BY THE CLIENT. UM, AND SO AT THIS POINT IT WOULD HAVE TO BE APPROVED ITEMS. UM, DURING ANY OF THOSE PARTS IT WILL BE MY JOB TO REVIEW AND ENSURE THAT EVERYTHING IS UP TO PAR AND THAT THE GC IS NOT BRINGING ANYTHING FROM A COST STANDPOINT THAT WAS ORIGINALLY PART OR SHOULD HAVE BEEN PART OF THE BID. UM, AS A CMAR IT IS THEIR JOB TO ENSURE THAT THOSE PIECES WERE LOOKED AT IF THEY MISSED IT. THAT IS ALSO PART OF THE CMAR. THEY TAKE ON THAT RISK AND, UH, RESPONSIBILITY OF COSTING THAT OR COVERING THAT COST. UM, SO IT WILL BE THE DUE DILIGENCE OF US TO REVIEW AND TAKE A LOOK AT THOSE DOCUMENTS AND MAKE SURE THAT NO DOUBLE DIPPING OR THINGS OF THAT NATURE IS BEING HAD ON THE CITY'S BEHALF. THANK YOU FOR EXPLAINING THAT. YEAH. I GUESS I DO HAVE ONE MORE QUESTION FOR YOU. SORRY ABOUT THAT . SO THE, SEE WHAT I FOUND, I FOUND THE CONTINGENCY ON HERE, IT'S WAY DOWN ON THE BOTTOM . UM, IT'S UH, IT'S ABOUT $17,000, RIGHT. UM, OF ALL THE THINGS THAT ARE UP HERE, WHAT WOULD BE THE MOST LIKELY THING THAT WOULD CAUSE YOU TO USE THAT 17,000? IS IT, IS IT THE, AGAIN, THE BRICK PART 'CAUSE THAT'S SUCH A BIG COMPONENT THAT YOU NEED MORE MORTAR OR WHAT I MEAN LIKE WHAT WOULD CALL, LIKE WHAT WOULD BE THE MOST LIKELY THING YEAH. OR THINGS THAT WOULD CAUSE YOU TO USE THE CONTINGENCY. SO I THINK THERE'S PROBABLY TWO OR THREE THINGS THAT ARE REALLY BUILT INTO THAT. NUMBER ONE, AND KIND OF ERIC TOUCHED ON IT ORIGINALLY, THE FACADE OF THE BUILDING. WE HAVE A NUMBER THAT WE THINK IS GONNA GET US THERE FROM WHAT WE'VE SEEN AND WHAT WE'VE HAD OUR SUBCONTRACTORS OUT TO SEA FROM WHERE THE ROTTED WOOD IS AROUND THAT FACADE AND AROUND THE WINDOWS. UM, WE CAN ONLY TAKE THAT NUMBER SO FAR BECAUSE WE'RE NOT REPLACING THAT ENTIRE THING. MM-HMM . UM, SO I THINK THAT WOULD BE A LITTLE BIT OF A PORTION OF THAT. OKAY. THE BRICK BEING ANOTHER PORTION OF THAT. AGAIN, WE CAN ONLY SEE SO FAR AS SOON AS WE START TOUCHING SOME BRICK, SOME OTHER BRICK MAY BE FAILING OR VICE VERSA KIND OF THING. LIKE YOU GET INTO IT SO FAR AND THEN IT COULD GO FROM THERE. UM, A LITTLE BIT OF THAT AND THEN A LITTLE BIT OF THAT ELECTRICAL WORK TOO. UM, WE HAVE THE MAKE SAFE OF THE ELECTRICAL, UM, AND JUST THE NATURE OF ELECTRICAL WORK WITH PANELS AND KIND OF HOW THEY RUN OUT. WE HAVE SO MUCH TIME IN THERE, UM, TO TAKE CARE OF THAT WORK. BUT IF IT TAKES LONGER THAN WHAT WE ORIGINALLY ANTICIPATE, THAT'S A LITTLE BIT OF THAT MONEY TOO RIGHT THERE. OKAY. BUT YEAH, THOSE, THOSE THREE COMPONENTS ARE KIND OF THE BIG ONES ON THIS ONE. GREAT. OKAY. I I HAVE A QUESTION ALSO ABOUT THE GREASE TRAP. I MEAN, I'M THINKING ABOUT COSMETIC. WE'RE TALKING ABOUT COSMETIC, BUT LIKE INTERIOR MM-HMM . THE GREASE TRAP. WHAT, WHAT'S, WHAT ARE WE DOING WITH THAT? WE DON'T HAVE ANYTHING CURRENTLY IN THERE TO TOUCH THAT GREASE TRAP. OKAY. SO, SO IT'S DEFINITELY SOMETHING WE COULD LOOK INTO. WE, WE'VE REMOVED THEM BEFORE WE FILLED THEM IN BEFORE. IT'S NOT OUT OF OUR NATURE TO TAKE CARE OF THAT KINDA STUFF, BUT MM-HMM . AT THE MOMENT, THERE'S NOTHING IN THERE TO, IT WOULD BE AN ADDITIONAL AMOUNT. MM-HMM . FOR THAT ITEM, THAT'D BE A CHANGE. ORDER CHANGE WOULD JUST LEAVE, JUST LEAVE IT LIKE IT IS THE, THE FUTURE TENANT CAN DEAL WITH IT. WELL, BUT IF WE'RE TRYING TO GET IT UP TO CODE, THAT'S MY CONCERN. THE FUTURE TENANT WOULD, I MEAN THEY'RE GONNA GET INSPECTION ONCE THE BUILDING'S FINISHED. SO THE FUTURE TENANT WOULD HAVE TO WORK WITH THEIR, WITH A, UM, DESIGNER FOR THE BUILDING TO GET A PLAN AND THEN THEY WOULD DO THE FIX THE FIX THE AREAS THEY NEED TO FIX OR CHANGE OUT ANY OF THE SYSTEMS AND THEN THE INSPECTION WOULD COME ALONG AND LET 'EM KNOW, UM, WHAT IS OKAY AND WHAT'S NOT. BUT WE DO KNOW GREASE TRAP'S GONNA HAVE TO GO OUT IN THE BACK MOST LIKELY. BUT WE CAN ALSO WORK ON THOSE AS PART OF OUR TENANT IMPROVEMENT NEGOTIATIONS IN TERMS OF, BUT I MEAN, IT'S THE SAME EITHER WAY WE'RE PAYING FOR IT IF WE'RE DOING TENANT IMPROVEMENT NEGOTIATIONS AND YOU, LIKE I SAID, YOU COULD, WE CAN COME BACK AND DO CHANGE ORDERS IF WE DECIDE WE GET IN THERE AND WE GO, OKAY, THIS, THIS AND THIS, I CAN COME BACK, ERIC AND I CAN COME BACK TO Y'ALL AND SAY, WE'VE GOTTEN IN HERE, HERE'S SOME MORE RECOMMENDATIONS. [00:50:01] OKAY. SO THIS IS NOT AN END ALL BE ALL. UM, WHEN IT COMES TO THAT, WE ALLOWED FOR THOSE CHANGE ORDERS TO BE, UM, REQUESTED. SO IF WE DO EVERYTHING ON THE LIST, LET'S JUST DO A HYPOTHETICAL, CAN I DO A HYPOTHETICAL? SURE. WE'RE GONNA DO A HYPOTHETICAL WITH A RESTAURANT JUST TO MAKE IT REALLY SIMPLE SO WE DON'T HAVE TO DEAL WITH THE GREASE TRAP, . UM, IT WOULD STILL BE THERE. SO IF, IF YOU DID EVERYTHING ON THE LIST AND A RESTAURANT WANTED TO COME IN, WE'D STILL HAVE SOMEONE, US OR THEM WOULD HAVE TO DEAL WITH THE HVAC, THE FREEZER AND I DO WE STILL NEED ANOTHER A DA RESTROOM OR SOMETHING? MM-HMM . ISN'T THAT ANOTHER THING? LIKE DO YOU GUYS KNOW, I MEAN, THOSE ARE THINGS THAT WE WOULD NEED, THAT SOMEONE IS GONNA HAVE TO DO. IS THERE ANYTHING ELSE I'M MISSING? SO BROOKS, I KNOW WE'RE GREASE TRAP 'CAUSE THEY, IT CAN'T BE INSIDE SO IT'S GONNA HAVE TO GO OUTSIDE. SO YOU CAN GO AHEAD. SO WE'D HAVE TO DO THE GREASE TRAP TEST, ADD THE GREASE GREASE TRAP LIST. BUT AGAIN, , WE, YOU WANT TO ADDRESS SOME OF THIS? I WOULD, I WOULD SAY AS PART OF THIS PROJECT? YES. JUST THIS PROJECT AND, AND THE UM, THE IDEA IS TO GET IT MAKE SAFE MM-HMM . AND GET IT INTO A POSITION TO START RENTING IT OUT AND FIND A TENANT. THAT'S, THAT'S THE GOAL. MM-HMM . THE THE GOAL IS NOT TO GET IT TO A WHITE BOX. RIGHT. IT'S NOT TO GET IT MOVE IN READY. YES. SO YOU START CROSSING THE LINE THERE FROM A COLD DARK SHELL TO MOVE IN READY. AND SO THAT'S NOT REALLY THE GOAL WITH THIS PROJECT. IT'S TO GET IT SAFE. GOTCHA. YOU GET IT RENTABLE, LET'S DO THAT. MM-HMM . AND THEN WE'LL WORRY ABOUT THE COSMETICS, THE GREASE STRAP, THINGS LIKE THAT AS PART OF THE OTHER PROJECT. OH, I AGREE. YEAH, NO, I AGREE. MAKES SENSE. FOR EXAMPLE, WE'VE DONE, WHEN WE DID THE OTHER PROJECT GRANT LAST YEAR, THEY HAD TO PUT IN SOME NEW PLUMBING AND ALL THESE THINGS WHEN, WHEN THEY MOVED IN BECAUSE THAT BUILDING DIDN'T HAVE ALL OF THAT. SO AS THEY UNCOVERED THINGS, SOMETHING ELSE WOULD COME UP. SO THOSE ARE PROCESSES THAT WHEN YOU'RE DOING A SECOND GENERATION RESTAURANT, SOMETIMES YOU DON'T KNOW WHERE THEY'RE GONNA WANT THEIR BATHROOM OR ENTRY. UM, ARE THEY RENTING JUST THE ONE SIDE? SO TO DO TOO MUCH YOU CAN HINDER THE FLEXIBILITY OF THE BUILDING. MM-HMM . NO, I AGREE. I AGREE COMPLETELY THAT YOU, YOU JUST WANT TO GET IT SAFE AND THEN WE ALL FIGURE OUT HOW TO DEAL WITH EVERYTHING ELSE IN THE NEXT ROUND. BUT I DID HAVE A QUESTION. WERE DID I HEAR THAT WE'RE NOT DOING ANYTHING TO THE MECHANICAL SYSTEM AT THIS TIME? NO. THE MECHANICAL SYSTEM WAS GONNA BE LEFT FOR PART OF THE TENANT FINISH OUT. OH, WE'VE GOT A LINE ITEM FOR $15,000 IN THE PROPOSAL FOR MECHANICAL SYSTEMS. YES. AND THAT WAS FOR FIND THAT, IS THAT THE PANEL ROOF ACCESSORIES? IT'S FOREIGN PAINTING ON VAC. IS THAT THE PANEL? THERE IS A SECTION, SO 22 AND 23. SO PME AND HVAC IN THERE. UM, IF YOU, IF YOU SCROLL DOWN IN THERE, IS IT THE 18,000 THOUSAND NINE 70 NUMBER? YEAH, YEAH, YEAH. THE 18,000. SO THAT'S ALL THE PLUMBING MAKES SAFE FOR THE BUILDING. SO IT'S PROBABLY JUST WRAPPED UP INTO ONE LINE ITEM AT THE TOP FOR SIMPLICITY SAKE. SO YOU DON'T SEE ANOTHER LINE ITEM WITH ZERO BECAUSE YOU SCROLL DOWN INTO THAT. GOTCHA. AND THE DIVISION 15, WHICH IS THE OLD CONSTRUCTION DIVISIONS, IF ANYBODY'S KIND OF USED TO THAT MM-HMM . UM, THEY WERE KIND OF BUILT INTO A ONE AND NOW THEY'RE BROKEN OUT INTO TWO. SO IF YOU SCROLL DOWN YOU CAN SEE THAT IT'S OKAY. YEAH, YEAH, YEAH. I SEE IT NOW. FLUSH AND CHECK THE SANITARY LINE DEMO EXISTING FIXTURES. SO YOU JUST PUT THE PLUMBING AND THE HVAC ALL INTO ONE? YES SIR. OKAY. YEP. AND I HAVEN'T COME THROUGH THE SEE M AT RISK CONTRACT, BUT WHEN I GO THROUGH AND LOOK AT THE UM, THE DIVISION RECAP SHEET HERE, MOST SEE M AT RISK CONTRACTS DON'T ALLOW YOU TO PUT FEE ON TOP OF YOUR GENERAL CONDITIONS. AND WHEN I RUN THE 5% ON THE 2 85 NUMBER THAT COMES BELOW THE 16,885 NUMBER. THE MATH, NOT MATH THING IN THIS IS WHAT I'M SAYING. SO THE FEE SHOULD ONLY BE ON YOUR DIVISIONS ZERO ONE THROUGH 28, NOT YOUR GENERAL CONDITIONS. DOES THAT MAKE SENSE? TOTALLY MAKES SENSE. UM, SO MY BOSS WRITES THESE CONTRACTS, NOT ME. YEAH. UM, I WOULD HAVE TO GET WITH HIM ON THAT TO, TO TAKE A LOOK, BUT YEAH, IF IT, IF IT'S SOMETHING WITHIN THE CONTRACTS IT'S NOT, I [00:55:01] MEAN EVEN WHEN I DO 5% ON THE TOTAL OF 2 85 MM-HMM . IT DOESN'T COME OUT TO THAT NUMBER WAS 2 85, 3 23 TIMES 0.05. WHOOP DID THAT WRONG. SORRY. 2 85, 3 23 TIMES 0.05 COMES OUT TO 14266.15. WHICH EXPENSE ARE YOU REFERRING TO BROOKS? THE, NO, I'M JUST LOOKING AT THE TOTAL OF DIRECT COST TIMES THE FEE THAT WAS PUT ON HERE AT 5% AND THEY'RE SHOWING 16,885. BUT EVEN YOUR FEE SHOULD BE ON YOUR DIRECT COSTS. BUT GENERAL CONDITIONS PER THE CONTRACT ON MOST CM AT RISK CONTRACTS, AND I HAVEN'T READ THIS ONE, DO NOT ALLOW YOU TO INCLUDE YOUR ZERO ZERO GENERAL CONDITIONS LINE ITEM. SO YOU WOULD SUBTRACT THAT FROM THE 2 85 NUMBER AND THEN MULTIPLY THAT TIMES YOUR FEE AND THAT WOULD BE THE FEE THAT YOU COULD GET ON THE PROJECT, WHICH IS AROUND 13,000 PLUS OR MINUS PLUS OR MINUS. SO JUST SOMETHING THAT PROBABLY NEEDS TO BE LOOKED AT. DOES THAT JUST SOMETHING TO LOOK AT. YEAH, CAN I THINK, I THINK FOR AND IF, IF THERE IS SOMETHING YEAH THAT'S WRONG, WE CAN DO A DEDUCTIVE CHANGE ORDER TO TAKE THAT DIFFERENCE OUT AND GIVE YOU BACK TO YOU GUYS TOO. 'CAUSE WHATEVER WE DON'T SPEND ON THE JOB COMES BACK TO YOU GUYS ANYWAY TOO. THAT'S HOW I WAS GONNA SAY THAT AS WELL. SO WITH THE CM AT RISK CONTRACT, THEY'RE GOING TO, THEY'RE GONNA BUY THESE CONTRACTS HOPEFULLY LOWER THAN WHAT THESE LINE ITEMS HERE ARE. PARK HILL'S GONNA LOOK AT THAT WITH EACH PAYMENT APPLICATION AND MAKE SURE THAT THAT WHATEVER THE CONTRACT'S WRITTEN AT VERSUS THE BUDGET. SO THERE COULD BE SAVINGS WITHIN THIS PROJECT JUST THROUGH THE BUYOUT PROCESS. AND THEN WE, HE'LL BE ABLE TO, BASICALLY THAT GOES INTO A BUYOUT FUND FOR THE CONTRACTOR TO USE AS NEEDED. BUT THAT'LL BE MONITORED ON THAT SPENDING. SO WE'LL KNOW WHAT THAT IS. THANK YOU . I TRY TO LEAVE ALL THAT UP TO Y'ALL. , YOU AND TIM, Y'ALL CAN EXPLAIN THE TECHNICALITY SO MUCH BETTER. , I WAS LOOKING FORWARD TO HIM BEING HERE. TODAY. WELL, YES. AND WE KNOW TIM IS GONNA HAVE THOSE EXCELLENT FINANCIAL QUESTIONS, WHICH WE APPRECIATE. SO, UM, EXACTLY. THAT'S WHY WE ALL WORK. I HAD THAT BALANCE DOWN TO THE PENNY 85 CENTS BY THE WAY, IS THE ODD SENSE ON THAT. SO, UM, OKAY. SO THANK YOU BROOKS FOR POINTING THAT OUT BECAUSE WE DO, THAT IS A GOOD POINT TO MAKE THAT IF THERE IS SOMETHING THAT COMES UNDER IT COMES BACK. SO WE WILL GET AN EXPLANATION OF THAT, UH, FEE CALCULATION OR HAVE THEM CORRECT IT. UM, SHOULD YOU ALL APPROVE? I MEAN, IT'S, IT'S MINOR SURE. BUT, UM, IT'S SOMETHING THAT SHOULD BE CONSIDERED. IS THERE A WAY THAT WE CAN APPROVE THAT IF WE APPROVE THIS, UM, WITHOUT APPROVING THE TOTAL DOLLAR AMOUNT IS IT'S INCORRECT. SO YOUR FIRST ACTION IS TO AWARD THE CONTRACT. MM-HMM . UM, YOU COULD DO THAT WITH A MOTION THAT, UM, EITHER THAT FEE SCHEDULE COME BACK TO YOU TO SEE, TO SEE A CORRECTION OR AN, OR SOME SORT OF EXPLANATION AS TO HOW IT MAY BE CORRECT. AND SO THAT CAN BE THAT MOTION. UM, BUT FOR YOUR SECOND ITEM TONIGHT, YOU DO NEED, WE DO HAVE ON HERE APPROVING A SPECIFIC SPECIFIC DOLLAR AMOUNT SO YOU CAN GET MOVING FORWARD ON THE ACTUAL PROJECT. 'CAUSE PART OF THAT IS, DO YOU WANNA HAVE ALL OF THESE ITEMS OR DO YOU ONLY WANNA APPROVE A CERTAIN PORTION OF THEM? SO, WELL, YOU KNOW, MY, MY THOUGHT IS YOU APPROVE IT FOR THIS AMOUNT AND THEN IF THERE'S A CORRECTION THAT NEEDS TO BE MADE THAT JUST GETS PUT INTO THAT CONTINGENCY LINE ITEM AND PUT THERE MM-HMM . RIGHT. ANY ADDITIONAL DOLLARS AND THEN YEAH, IT ALL COMES BACK TO US IN THE END IF THERE'S ANY SAVINGS. SO, UM, I AGREE. YEAH. AND THAT CAN BE YOUR MOTION FOR TREAT IT LIKE THAT. YEAH, I WOULD AGREE WITH THAT. YEAH. SO, SO I WOULD HAVE THAT BE YOUR MOTION FOR NUMBER THREE AND THEN WHEN WE LOOK AT NUMBER FOUR FOR WHICH, WHAT THE VALUE OF THE CONTRACT YOU WANNA APPROVE. OKAY. DOES ANYBODY ELSE HAVE ANY QUESTIONS FOR THESE GENTLEMEN? THANK Y'ALL FOR BEING HERE. YEAH, THANK YOU MR. OKAY. NO. ALRIGHT. DO I HAVE A MOTION? UH, I'LL MAKE A MOTION [01:00:01] TO, UH, APPROVE THE CONTRACT FOR $337,651 TO FRAN AND PITTMAN TO FRAN AND PITTMAN. AM I SAYING THAT RIGHT? FRANON? IS THAT HOW FRANON FRANON PITTMAN. YEP. DO WE NEED TO PUT THE CMR LANGUAGE IN THERE OR NO? I DIDN'T HAVE TO. NO, THAT CAN. OKAY. I MEAN, THAT CAN BE DONE THROUGH THEM. SO DID YOU WANNA HAVE THAT CONTINGENCY PART IN THERE, WHAT YOU HAD JUST SAID BEFORE? OH, WELL, I MEAN, I'VE FIGURED THAT WOULD BE DONE THROUGH THE, UM, JUST HOW THE PROCESS WORKS. HOW THE PROCESS WORKS THROUGH, YEAH. 'CAUSE YOU COULD JUST MOVE THAT NUMBER. YEAH, I AGREE. YEAH, BECAUSE ITS ONLY DOESN'T CHANGE THE TOTAL THREE OR $4,000. IT WON'T CHANGE THE TOTAL DOLLAR VALUE. NO. YOU JUST CALL IT A CONTINGENCY AND JUST MOVES IT TO THE CONTINGENCY LINE ITEM. YEAH, I GET IT. OKAY. I HAVE A MOTION BY BROOK. SO CAN YOU SAY THAT NUMBER AGAIN AND $337,651. OKAY. I'LL SECOND THAT MOTION A SECOND BY AARON. A MOTION BY BROOKS IS SECOND BY AARON. ALL THOSE IN FAVOR? ALL RIGHT. ITEM PASSES FOUR TO ZERO. WE'RE MOVING ON TO CONSIDER AND TAKE ACTION ON APPROVED AMOUNT FOR CONSTRUCTION PROJECT AT 2 0 4 2 0 8 SOUTH MAIN STREET. DO YOU HAVE A MOTION TO APPROVE THE GROSS MAXIMUM PRICE OF THREE? IT IS THE SAME, RIGHT? SAME NUMBER WE JUST SAID. MM-HMM . OKAY. YEP. AND THEN, AND HOLLY, YOU'RE GONNA ASK FOR COUNSEL TO APPROVE A BUDGET AMENDMENT AS WELL AS PART OF THAT MOTION. OKAY. OKAY. DO I HAVE A MOTION TO APPROVE THE GROSS MAXIMUM PRICE AT $337,651 FOR THE CONSTRUCTION PROJECT AND SCOPE OF WORK FOR 2,204 TO 2 2 0 8 SOUTH MAIN STREET DEVELOPMENT PROJECT FOR COUNCIL CONSIDERATION OR COUNCIL APPROVAL OF COUNCIL APPROVAL. AND, AND SO YOU'RE APPROVING THE BUDGET AMOUNT THAT YOU READ AND TO REQUEST A BUDGET AMENDMENT BY COUNCIL AND TO APPROVE A BUDGET AMENDMENT BY COUNCIL. SO MOVED . SO TO CLARIFY, UM, YOU WANT ME TO TAKE OUT THE EXACT DIFFERENCE FROM THE RESERVE IN OUR BUDGET AMENDMENT? I NEED TO GIVE MIKE THAT NUMBER. UM, SO WHATEVER THAT CONTRACT IS MINUS WHAT'S LEFT IN THE LINE. MM-HMM . THAT'S THE EXACT AMOUNT YOU WANT IT. OKAY. YEP. WELL, I'M GLAD THIS MEETING'S RECORDING BECAUSE I'M GONNA HAVE TO GO BACK AND LISTEN TO THAT MOTION FOR WHEN WE DO THE MINUTES. UM, THANK YOU. I HAVE A MOTION BY TIM. DO I HAVE A SECOND? I SECOND. I HAVE A SECOND BY BROOKS. ALL THOSE IN FAVOR? ALRIGHT, THE VOTE IS FOUR TO ZERO. COOL. MOVING ON, WE'VE ALREADY DISCUSSED NUMBER FIVE. WE'RE [Staff Report] GOING TO MOVE ON TO NUMBER SIX. RECEIVE OVERVIEW OF JANUARY AND FEBRUARY, 2026. STAFF ACTIVITY REPORT. OKAY, WELL, I KNOW WE'RE ALL TIRED AND HAD A LOT OF TRAFFIC TODAY. SO, UH, YOU RECEIVED THE STAFF REPORT IN YOUR, UM, YOUR, UH, BUDGET PORTAL, GOSH, BUDGET'S ON THE BRAIN, YOUR BOARD PORTAL. UM, SO IF YOU HAVE ANY QUESTIONS ABOUT THAT, LET ME KNOW. BUT, UM, I DID WANNA LET YOU KNOW SOME UPCOMING EVENTS. UM, IF YOU WANNA MARK YOUR CALENDAR AND IF YOU WOULD LIKE TO ATTEND WITH ME, UH, THE, WE ARE SPONSORING, UM, THE DENTON COUNTY STATE OF THE MARKET BY BIZNOW. AND THAT IS ON MAY 27TH FROM EIGHT TO NOON. IT WILL BE AT THE EMBASSY SUITES. IT IS A, UM, AN EVENT THAT BRINGS TOGETHER THE COUNTY. UM, JUDGE S WILL BE THE SPEECH FEATURED SPEAKER. THEN THERE'S OTHER SPEAKERS FROM, UH, DEVELOPMENTS AND IN THE AREA AND, UH, BROKERS AND SOME OTHERS. AND YOU'RE, YOU'RE GONNA BE THERE. YEAH, I'VE ALREADY GOT MY TICKET. SEE, IT'S GONNA BE A GREAT EVENT. BROOKS ALREADY HAS HIS TICKET. UM, SO, AND WE'RE SPONSORING, SO ANYWAY, WE HAVE FOUR TICKETS. UM, SO IF Y'ALL HAVE A DESIRE TO GO, UM, I, I NEED TO CHECK AND SEE IF ONE OF OUR CITY STAFF OR MAYBE MAYOR OR SOMEONE WANTS TO ATTEND, UM, LIKE TO GIVE THEM A TICKET. BUT, UM, SO I HAVE ABOUT UP TO THREE TICKETS AVAILABLE AND UM, THAT WOULD ALSO MEAN MAYBE YOU COULD HELP IN THE BOOTH A LITTLE BIT IF WE'RE WANTING TO GO LISTEN TO SPEAKERS OR WHATEVER. BUT, UM, THERE WILL BE SOME LARGE DEVELOPMENT GROUPS THERE. HILLWOOD WILL BE THERE. I THINK THEY'RE ONE OF THE SPEAKERS MAYBE. UM, BUT, UH, JUST WANTED TO, TO GIVE YOU THAT DATE AND UH, YOU CAN GET BACK TO ME. I'LL SEND YOU A LINK TO THE EVENT PAGE TOO SO YOU ALL CAN SEE THAT, UM, AND LEARN MORE ABOUT IT. PERFECT. AND WE ARE GENERATING SOME INTEREST, UH, IN GRANTS. UM, WE HAVE ABOUT FOUR BUSINESSES WHO'VE REACHED OUT TO ME ABOUT GRANTS. UM, NOW WHETHER OR NOT THOSE GRANTS WOULD HIT IN THIS FISCAL YEAR NEXT DEPENDS ON WHEN THEY GET THOSE APPLICATIONS IN AND FINISH TO ME. BUT I DO ANTICIPATE WE WILL HAVE THOSE COMING [01:05:01] TO YOU IN THE NEXT MEETING. UM, AT LEAST A COUPLE OF THEM. SO, UM, GOOD NEWS, WE'RE GENERATING INFORMATION ABOUT GRANTS. UM, AND THESE ARE FOR THOSE TARGETED IMPROVEMENT AND SIGNAGE, UM, IMPROVEMENT GRANTS. SO WE'RE GONNA BE BUSY. YOU CANNOT BE GONE ON MEETINGS OVER THE NEXT FEW MONTHS. , IT'S GONNA BE A BUSY SUMMER. HAMMERS ARE GONNA BE GOING ACROSS THE STREET AND WE ARE GONNA BE MAKING CHANGES. SO APPRECIATE YOUR EFFORTS, YOUR TIME. UM, I'M SURE WHEN SOME OF YOU GOT ON THE BOARD, YOU DID NOT REALIZE THAT THERE WOULD BE SO MANY BIG PROJECTS, BUT IT'S VERY EXCITING AND I'M SO HAPPY, UM, THAT WE'VE GOTTEN TO THIS POINT. SO THANK YOU FOR ALL YOUR WORK. AWESOME. THANK YOU. AND CONGRATULATIONS ON YOUR CERTIFICATION. UM, THANKS. YEAH, I DID, I FINISHED MY OVER THAT RULE, TEXAS ECONOMIC DEVELOPMENT CERTIFICATION. SO I NOW I CAN PUT CTED BEHIND MY NAME. CED. YEAH, CED. I'LL HAVE AN, I'LL HAVE A CERTIFICATE HANGING FROM A AND M. I DON'T KNOW IF I CAN DO THAT WITH, YOU KNOW, BEING THAT I HAVE A RAZORBACK AT HOME, BUT THAT'S OKAY. , TALK WITH YOUR C TIDE. CERTIFIC. YEAH, THERE YOU GO. . NO, I APPRECIATE THAT AND THANK YOU FOR SUPPORTING ME IN GOING TO THAT, THROUGH THAT PROGRAM. IT'S BEEN VERY HELPFUL. UH, WE'VE MADE A LOT OF GREAT CONNECTIONS AMONG OTHER ECONOMIC DEVELOPERS IN THE STATE AND WE'RE ALL ABLE TO SHARE AND COLLABORATE OUR IDEAS AND SOLUTIONS AND IT'S A REALLY GREAT GROUP TO BE A PART OF. SO THANK YOU. AWESOME. YAY. CONGRATULATIONS. ARE THERE ANY, ARE YOU, ARE YOU I'M DONE. OKAY. SORRY. [Future Agenda Requests] , ARE THERE ANY ITEMS TO BE PLACED ON FUTURE AGENDA? I DO WANNA PUT GRANTS, UM, 'CAUSE I WILL BE BRINGING SOME OF THOSE BACK. AND THEN BUDGET, UM, GONNA BE BRINGING Y'ALL THE PROPOSED BUDGET EITHER MAY OR JUNE. OKAY. ALRIGHT. [EXECUTIVE SESSION] UM, ARE WE GOING INTO EXECUTIVE SESSION? UM, I DO HAVE ONE THING. UM, IF, IF I REALLY, IT'LL BE BRIEF, BUT YES, IF YOU DON'T MIND. ALRIGHT. DO I HAVE A MOTION TO CONVENE INTO EXECUTIVE SESSION AT SIX, I MEAN 7:16 PM A MOTION TO MOVE INTO EXECUTIVE SESSION AT 7:16 PM I HAVE A MOTION BY AARON. SECOND. SECOND, TIM. ALL THOSE IN FAVOR? ALL RIGHT. MOTION IS FOUR TO ZERO. HOLD ON ONE SECOND. I FORGOT TO READ THIS. IN ACCORDANCE WITH THE STATE TEXAS GOVERNMENT CODE SECTION 5 5 1 5 5 1 0 0 1, THE BOARD WILL RECESS AND TAKE EXECUTIVE SESSION TO DISCUSS THE FOLLOWING SECTION 5 5 1 OH 0.0722, REAL PROPERTY DOWNTOWN DEVELOPMENT, DOWNTOWN DEVELOPMENT PROJECT ETJ COMMERCIAL FM 4 28, SECTION 5 5 1 0 8 7 DELIBERATION REGARDING ECONOMIC NEGOTIATIONS DOWNTOWN DEVELOPMENT PROJECT ETJ COMMERCIAL FM 4 2 8, MY BUTTON, [Reconvene into Open Session] THE MDD BOARD IS NOW RECONVENED INTO OPEN SESSION AT 8:00 PM DO I HAVE A MOTION TO RECONVENE INTO OPEN SESSION? I'LL MAKE A MOTION TO RECONVENE IN OPEN SESSION. I HAVE A MOTION BY BROOKS SECOND. I HAVE A SECOND BY TIM. ALL THOSE IN FAVOR? ALL RIGHT. VOTE IS OR MOTION IS PASSES FOUR TO ZERO. ARE THERE ANY OTHER FUTURE AGENDA ITEMS OTHER BESIDES THE ONE WE TALKED ABOUT EARLIER? NO. OKAY. YOU HAVE GRANT? YEAH, WE HAVE GRANTS ON THERE. OKAY. DO I HAVE A MOTION TO ADJOURN THE MEETING AT EIGHT EIGHT 8:00 PM I'LL MAKE A MOTION TO ADJOURN AT EIGHT O'CLOCK. I HAVE A SECOND. I HAVE A MOTION BY BROOKS. SECOND. SECOND BY AARON. ALL THOSE IN FAVOR, THE VOTE IS FOUR TO ZERO. I WROTE YOU DOWN AS AARON'S COOL. BROOKS. AN AARONS. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.