* 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. [Economic Development Committee] [00:00:12] GOOD AFTERNOON. IT IS WEDNESDAY, MAY 29TH. 2024, AND IT IS TWO O'CLOCK. I'M MAYOR PRO TEM MARTHA CASTEX TATUM, THE CHAIR OF YOUR ECONOMIC DEVELOPMENT COMMITTEE. AND I LIKE TO CALL THIS MEETING TO ORDER. UH, WOULD LIKE TO WELCOME THE COMMITTEE MEMBERS AND COUNCIL STAFF, UH, IN ATTENDANCE TODAY. THANK YOU, COUNCIL MEMBER RAMIREZ FOR BEING HERE. WE ALSO HAVE STAFF FROM COUNCIL MEMBER ALCORN'S OFFICE AND ONLINE WE HAVE STAFF FROM COUNCIL MEMBER PLUMMER'S OFFICE. THIS MEETING IS BEING HELD IN A HYBRID MODE IN PERSON AND VIRTUAL, AND IS ALSO OPEN TO THE PUBLIC COUNCIL MEMBER FLICKINGER IS OUT TODAY. SO COUNCIL MEMBERS AND STAFF, IF YOU WILL, HOLD YOUR QUESTIONS UNTIL THE END OF THE PRESENTATION, AND IF YOU, UH, HAVE ANY QUESTIONS, WE'LL ADDRESS THOSE THEN ANY COUNCIL MEMBERS ATTENDING VIRTUALLY, YOU CAN USE THE CHAT POD IF YOU EXPERIENCE ANY PROBLEMS. IF THERE ARE ANY PUBLIC SPEAKERS PRESENT, UH, YOU CAN SIGN UP TO SPEAK. THERE'S A SIGN IN SHEET AT THE FRONT TABLE ON YOUR RIGHT. UH, PUBLIC SPEAKERS WILL HAVE A CHANCE TO SPEAK AFTER THE CONCLUSION OF THE PRESENTATIONS. ANY QUESTIONS CAN ALSO BE EMAILED TO DISTRICT K@HOUSTONTX.GOV. FIRST ON OUR AGENDA TODAY IS EXECUTIVE STAFF ANALYST, JENNIFER CURLEY WITH THE MAYOR'S OFFICE OF ECONOMIC DEVELOPMENT, AND SHE WILL PRESENT ON THE TAX INCREMENT REINVESTMENT ZONE NUMBER 28, THE MEDICAL CENTER AREA REDEVELOPMENT AUTHORITIES 2024 BUDGET. MS. CURLEY, IF YOU ARE READY, WE ARE READY TO HEAR FROM YOU. THANK YOU. GOOD AFTERNOON, COUNCIL MEMBERS. MY NAME IS JENNIFER KERLEY AND I'M AN EXECUTIVE STAFF ANALYST IN THE MAYOR'S OFFICE OF ECONOMIC DEVELOPMENT. TODAY, I'LL BE PRESENTING TO YOU THE 2024 TS BUDGET FOR THE MEDICAL CENTER AREA TS, AND THE BOUNDARY READ REDUCTION FOR THE FOURTH WARD TURS. LET ME START WITH THE MEDICAL CENTER TURS TO JUST KIND OF REMIND EVERYBODY WHERE WE ARE WITH THAT. PARTICULAR TS CITY COUNCIL APPROVED THE ORDINANCE TO CREATE THE TOURS IN DECEMBER OF 2022. THE BOUNDARY INCLUDES THE TECH, UM, THE AREA, GENERALLY KNOWN AS THE TEXAS MEDICAL CENTER, HERMAN PARK, AND THE HERMAN PARK ZOO. THE PROJECT PLAN CONTEMPLATES AN EMERGENCY WATER SOLUTION IN COORDINATE IN COORDINATION WITH HOUSTON PUBLIC WORKS, DRAINAGE IMPROVEMENTS, STREET IMPROVEMENTS, AND AFFORDABLE HOUSING. IT ALSO INCLUDE THE PROJECT PLAN ALSO INCLUDES PARKING SOLUTIONS, DRAINAGE, AND STREET IMPROVEMENT FOR HERMAN PARK CITY COUNCIL APPROVED THE PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN AND THE REDEVELOPMENT AUTHORITY IN SEPTEMBER OF 2023. CAN YOU PUT UP THE BUDGET DOCUMENT? DID YOU HAVE IT OR IT'S IN THE PRESENTATION AS WELL. SO THIS IS A STANDARD TEMPLATE FOR A TS BUDGET. THIS PARTICULAR BUDGET THAT WE'RE TALKING ABOUT TODAY IS THE MEDICAL CENTER AREA TS. THIS IS THEIR FIRST BUDGET. THEY, UM, ON THIS FIRST PAGE, GENERALLY SPEAKING, IT JUST SHOWS THE OBJECTIVE OF THE TS IN THE MIDDLE BOX. AND THEN IF THEY, YOU KNOW, WHEN TSS HAVE ACCOMPLISHMENTS THAT THEY WANT TO HIGHLIGHT, THEY TYPICALLY PUT IN THE NARRATIVE BOX. IN THIS CASE, IT'S A NEW TS, SO THEY DON'T HAVE THAT INFORMATION YET. THEY JUST HAVE THEIR, THEIR, UM, GOALS RIGHT NOW, UM, IN THE MIDDLE AREA WHERE IT SAYS PROJECT PLAN, THAT IS THE NUMBERS THAT ARE SHOWN IN THEIR PROJECT PLAN ON WHAT THEY PROJECT THAT THEY WILL SPEND IN EACH PRODUCT. UM, PROJECT CATEGORY. THE BOTTOM AREA OF THE, THIS PAGE IN THE BUDGET TEMPLATE SHOWS IF THEY HAVE ANY DEBT. IN THIS CASE, THIS TERMS IS BRAND NEW, SO THEY DON'T HAVE ANY DEBT YET. BUT IF YOU, THIS IS A STANDARD TEMPLATE. SO WHEN WE BRING BACK, WHEN WE BRING FORWARD OTHER TS TEMPLATES THAT HAVE DEBT, THAT INFORMATION WILL BE IN THAT BOTTOM SQUARE AREA. ON THE PAGE. NEXT PAGE, PLEASE. UM, THIS AREA WILL SHOW THE REVENUE, UM, THAT WILL COME IN. THIS TURS IS BRAND NEW, AND SO THIS IS THE FIRST YEAR OF REVENUE FOR THIS PARTICULAR TURS. AND SO THEY WILL BRING IN FOR THIS FIRST YEAR ABOUT $242,000. BUT IF THEY HAD, FOR EXAMPLE, GRANTS OR, UM, ANY [00:05:01] OTHER REVENUE COMING FROM A DIFFERENT JURISDICTION. SO FOR EXAMPLE, IF THE COUNTY WERE PARTICIPATING, YOU WOULD SEE THAT REVENUE HERE AS WELL. NEXT SLIDE PLEASE. SO TO START THEM OUT, WHAT WE DID WAS LOOKED AT, UM, SOME OF THE BEGINNING EXPENDITURES FORTS, AND SO WE DID AN ALLOCATION FOR THEM, UM, FOR THEIR ADMINISTRATION, UM, BOOKKEEPING, FINANCIAL ADVISOR, THAT TYPE OF THING. UM, AND, AND AS OF COURSE, CONSULTANTS. AND SO WE GAVE THEM ABOUT 201,000 ALLOCATED FOR THEIR FIRST YEAR BUDGET. WE ALSO PUT IN THE 5% CITY ADMIN FEE OF 12,000. THOSE FUNDS COME DIRECTLY BACK TO THE CITY FROM THE TOURS. AND SO THAT ENDS THEIR, THEY GET A FUND, AN ENDING FUND BALANCE OF ABOUT $29,000. THIS IS FOR THEIR FIRST YEAR ONLY. THEY ARE, UM, THE BUILDINGS THAT ARE BEING BUILT IN THE MEDICAL CENTER HAVE NOT HIT THE TAX ROLL YET. AND SO THAT'S WHY THE, THE INCREMENT DOWN FOR NOW. BUT WE EXPECT THAT THAT WOULD GROW IN THE FUTURE. SO THIS IS THE BUDGET, UM, THE, THEIR FIRST BUDGET, UM, UM, THAT, THAT WE WILL TAKE TO COUNSEL IN THE COMING WEEKS FOR THE MEDICAL SENATORS. DOES ANYONE HAVE ANY QUESTIONS? THANK YOU. THANK YOU. THANK YOU FOR THIS. UM, NOTICE THAT, UH, UNDER THE CATEGORY CAPITAL PROJECT FUNDS, IT ONLY LISTS 29,707 OUT OF EXPECTED REVENUE OF MORE THAN ALMOST 243,000. AM I READING THAT CORRECTLY? SO THEY HAVE A TOTAL BUDGET. LET'S SEE. THAT'S THEIR FUND BALANCE. I BELIEVE THAT YOU'RE READING, SIR, THE 29 7 0 7. IS THAT WHAT YOU, WHAT YOU ARE READING, SIR? UM, WHAT AM I LOOKING AT HERE? IT IT, ON THE LINE ITEM THAT SAYS RESTRICTED FUNDS CAPITAL PROJECT, THERE IS A 29 7 0 7, AND THEN IT GOES DOWN TO THEIR ENDING FUND BALANCE ON PAGE THREE OF THREE. YES. THANK YOU MAYOR PRO TEM. YES, THAT'S RIGHT. THESE, THESE, UM, IT DOESN'T APPEAR AS NICE AND AND NEAT AS ON YOUR SCREEN. UH, IT'S A LITTLE BIT DIFFICULT TO WORK WITH WITH THE SLIDESHOW PRESENTATION, BUT WHY OR SO LITTLE OF THE FUNDS, UH, IDENTIFIED AS CAPITAL PROJECT FUNDS AT THIS POINT? WELL, IN THAT PARTICULAR CA, IN, IN THAT PARTICULAR AREA OF THE BUDGET IS SHOWING YOU WHAT THE ENDING FUND BALANCE WOULD BE. I SEE, I SEE. WELL, WE'RE ALLOCATING, UM, IF YOU GO UP A COUPLE OF BLOCKS ON THAT PAGE WHILE YOU'RE LOOKING AT THE SLIDE. SO LET ME LOOK AT, LET ME LOOK AT THE SLIDE WITH YOU. AH, THANK YOU. SO ON THAT MIDDLE, SO ON YOUR MIDDLE SLIDE THAT SHOWS RESOURCES AND EXPENDITURES, ARE YOU THERE, SIR? I'M LOOKING. I'M NOW LOOKING AT, UM, OH, YOU'RE LOOKING AT THE, THE SPREADSHEET THAT HAS, UH, OKAY. SO IF YOU'RE LOOKING, IF YOU LOOK AT THE LINE THAT REFLECTS TOTAL PROJECT COSTS, YES. THAT'S THEIR CAPITAL LINE. SO THAT'S WHAT THEY CAN SPEND ON ANY CAPITAL PROJECTS, INCLUDING SALARIES FOR THE FIRST YEAR. SO THEY HAVE BASICALLY A $201,000 BUDGET TO EXPEND ON CAPITAL PROJECTS, INCLUDING, YOU KNOW, CONSULTANTS THAT WILL HELP THEM WITH THEIR PLAN. MM-HMM . OKAY. AND SO WHEN YOU TAKE THE REVENUE MINUS THE, UM, THE ADMIN EXPENDITURES, THE TRANSFERRED BACK TO THE CITY, YOU GET BACK, YOU GET THAT LE THAT 29 7 0 7 THAT IS RESERVED FOR CAPITAL PROJECTS FOR THE NEXT YEAR. SO IT'S LIKE AN ENDING FUND BALANCE. OKAY. OKAY. SO TO ME, IT LOOKS LIKE THE OVERHEAD IS QUITE, QUITE HIGH. 101,000, UH, OVERHEAD OUT OF, UM, EXPECTED REVENUE OF 242,000. UH, THAT SEEMS HIGH TO ME. DO YOU, WHAT, WHAT IS YOUR REACTION TO THAT? WELL, I WANTED TO MAKE SURE I GAVE THEM ENOUGH ROOM IN ORDER TO HIRE WHO THEY NEEDED TO, TO IMPLEMENT THEIR PROJECT PLAN. THEY CURRENTLY DON'T HAVE ANY STAFF, AND SO THIS GIVES THEM AN OPPORTUNITY IN CERTAIN AREAS IF THEY WANNA HIRE FOR THOSE PARTICULAR CATEGORIES. AND I'M NOT SURE WHICH CATEGORY THEY WANNA HIRE FIRST. SO WE, WHAT I DID WAS WE MAXIM MAXED OUT THAT PARTICULAR CATEGORY WITH THE AMOUNT OF, UM, BASED ON THE AMOUNT OF REVENUE THAT THEY WILL BE GETTING FOR THE FIRST YEAR, WE MAXIMIZE THAT CATEGORY SO THAT THEY HAVE THE OPPORTUNITY TO HIRE ANYBODY IN THOSE PARTICULAR CATEGORIES. MM-HMM . I DON'T EXPECT THEM TO HIRE FOR EVERY CATEGORY FOR THIS PARTICULAR [00:10:01] ROUND. 'CAUSE FOR EXAMPLE, IT'S NOT LIKELY WITH $242,000 IN INCREMENT. THEY, THEY WOULD HIRE A FINANCIAL ADVISOR, BUT I WANTED TO GIVE THEM THAT OPPORTUNITY FOR THE FIRST YEAR. IF THEY NEED TO HIRE IN THAT CATEGORY, THEY HAVE A BUDGET TO DO IT. SO IS THIS MONEY THAT THE TURS ALREADY HAS? NO, SIR. OKAY. 'CAUSE I NOTICED THIS FISCAL YEAR 2024, WHICH IS ABOUT TO BE OVER. YES, SIR. WHY ARE WE LOOKING AT FISCAL YEAR 2024 WHEN WE'RE ALMOST DONE WITH THAT? AND THIS IS MONEY THAT THEY DON'T HAVE. SO IN THE COMING WEEKS, COUNSEL WILL BE APPROVING THEIR TERMS APPROPRIATE, THE TERMS APPROPRIATION FOR ALTERS FOR THE CITY AND THE ISD INCREMENT. AND SO APPROVING A BUDGET GIVES THEM AN OPPORTUNITY TO ACTUALLY OPERATE BECAUSE THEY CAN'T OPERATE, THEY CAN RECEIVE FUNDS, BUT THEY CAN'T DO ANYTHING WITH THE FUNDS UNTIL THEY ACTUALLY HAVE A BUDGET. MM-HMM . TYPICALLY IN YEARS PAST. HISTORICALLY, WE TAKE T'S BUDGETS AFTER THE CITY BUDGET AS WELL AS THE CIP BUDGET HAS BEEN APPROVED BY COUNCIL. SO WE DON'T APPROVE T'S BUDGETS UNTIL STARTING IN AUGUST OR SEPTEMBER OF EVERY YEAR. SO, SO THIS BUDGET IS EXPECTED TO COME BEFORE COUNSEL WITHIN THE NEXT MONTH, I TAKE IT? YES. AND WHEN WE APPROVE IT, IF WE APPROVE IT, THAT, UH, THE TERMS WILL THEN HAVE $242,850 EXPECTED? YES. IS THAT RIGHT? YES, SIR. OKAY. UM, AND HAVE ANY SPECIFIC PROJECTS BEEN IDENTIFIED THAT, UH, UH, THIS TOUR WOULD COMPLETE OR HAVE COMPLETED? NO, BECAUSE THEY DON'T HAVE, WITH THE PROJECTS THAT HAVE BEEN PRESENTED TO THEM, SO HERMAN PARK, AS WELL AS THE MEDICAL CENTER, HAVE MADE PRESENTATIONS TO THE BOARD ALREADY. NONE OF THOSE PRO, THEY DON'T HAVE ENOUGH INCREMENT IN THIS FIRST YEAR TO CONTRIBUTE TO ANY OF THOSE PROJECTS. THEY CAN, UM, AGREE IN PRINCIPLE TO DO SOME OF THOSE PROJECTS, BUT THEY JUST DON'T HAVE ENOUGH INCREMENT RIGHT NOW TO ACTUALLY CONSTRUCT ANYTHING. THEY CAN, YOU KNOW, JUST LIKE EVERY OTHER, EVERY TOUR CAN ENTER INTO DEVELOPER AGREEMENTS, SO THEY CAN DO THAT. THEY CAN ALSO HAVE CONSULTANTS, YOU KNOW, WORK WITH THOSE TEAMS FROM HERMAN PARK OR THE MEDICAL CENTER ON DEVELOPER AGREEMENTS. BUT FOR RIGHT NOW, THEIR INCREMENTS NOT GENERATING ENOUGH TO DO PROJECTS JUST YET, BUT THEY CAN PLAN PROJECTS. OKAY. AND, AND UNDER EXPENDITURES AT THE TOP OF THE PAGE THAT I'M LOOKING AT, UH, NONE OF THESE FOLKS HAVE BEEN HIRED. IN OTHER WORDS, WE DON'T HAVE IT ADMINISTRATIVE YET. NO, SIR. WE'RE A BOOKKEEPER. NO, SIR. GOTCHA. THEY DON'T HAVE A STAFF AT, AT, AT THIS PARTICULAR MOMENT IN TIME. CAN YOU TELL US, UM, HOW TEXAS MEDICAL CENTER INSTITUTIONS HAVE BEEN INCLUDED IN, IN ANY DISCUSSIONS IN THIS AT THIS POINT? UM, THEY WERE INCLUDED FROM THE VERY BEGINNING OF THE CREATION OF THIS TOURS, THE FIRST PROJECT IN, IN, YOU KNOW, IN THEIR PROJECT PLAN WHEN I INDICATED THEY CONTEMPLATED AN EMERGENCY WATER SOLUTION IN COORDINATION WITH HOUSTON PUBLIC WORKS. THEY'VE BEEN WORKING WITH PUBLIC WORKS ON THIS PARTICULAR PROJECT THAT THEY WOULD LIKE. THE TOURS ULTIMATELY TO PROVIDE SOME FUNDING FOR WHAT IT IS, IS AN UPGRADE TO THE EXISTING CITY OF HOUSTON WATER SYSTEM AND NEW ENHANCEMENTS TO SUPPORT WATER RESILIENCY FOR CRITICAL CLINICAL CARE FACILITIES DURING EMERGENCY EVENTS. AND SO ENHANCEMENTS MAY INCLUDE SOME STORAGE TANKS, UM, WITH BOOSTER PUMPS, LOOP SYSTEM AND VALVE INVOLVING AND, OR NEW WELLS OR WATER PLANT. AND THAT'S TO ENHANCE THE RESILIENCY OF THE TEXAS MEDICAL CENTER. SO THEIR, UM, CAPITAL PROJECTS TEAM HAS BEEN WORKING WITH PUBLIC WORKS ON SOME OF THE PROJECTS THAT THEY WOULD LIKE TO SEE THE TURS TO, BUT THE TOTAL PLAN HASN'T BEEN GENERATED DUE TO THE, TO THE INCREMENT, UM, BEING SMALL FOR RIGHT NOW. BUT THOSE ARE SOME OF THE THINGS THAT THEY PLAN TO DO. OKAY. SO THE TEXAS MEDICAL CENTER'S BEEN WORKING WITH PUBLIC WORKS ALREADY YES. TO IDENTIFY SOME NEEDS AND THEN PRESUMABLY THE TOURS WOULD, WOULD HELP WITH THOSE? YES. AND LET ME, UM, ALSO WITH THE OFFICE OF ECONOMIC DEVELOPMENT, SO OFFICES OF ECONOMIC DEVELOPMENT, UM, HOUSTON PUBLIC WORKS HAVE BEEN WORKING WITH TEXAS MEDICAL CENTER ON THESE PLANS. MM-HMM . OKAY. OKAY. THAT'S ALL I HAVE RIGHT NOW. THANK YOU. THANK YOU VERY MUCH. AND THEN, UM, WE'VE ALSO BEEN JOINED, UH, BY VICE CHAIR FLICKINGER ONLINE. UH, COUNCIL MEMBER MARTINEZ IS HERE WITH US IN CHAMBER. UH, ALSO ONLINE IS COUNCIL [00:15:01] MEMBER CAROLYN EVANS CHABA AND COUNCIL MEMBER THOMAS. AND WE'VE ALSO BEEN JOINED BY STAFF FROM COUNCIL MEMBER CAYMAN'S OFFICE AND COUNCIL MEMBER CASTILLO'S OFFICE. UH, THANK YOU ALL FOR, UM, BEING HERE TODAY. WE WILL, UH, COUNCIL MEMBER TWILA CARTER IS ALSO ONLINE. WE WILL MOVE TO THE SECOND PART OF OUR PRESENTATION. UH, MS. CURLEY, IF YOU ARE READY, WE ARE READY FOR, UM, TAX INCREMENT REINVESTMENT ZONE NUMBER 14, UH, FOURTH WARD REDEVELOPMENT AUTHORITY PRESENTATION. EXCUSE ME. UH, MAYOR PRO TEM, I JUST WANTED TO MAKE A COMMENT. UM, I THINK I WAS NEXT IN QUEUE. THIS IS COUNCIL MEMBER SHABA. I JUST WANNA TELL YOU, THANK YOU FOR THE INFORMATION. I LOOK FORWARD TO THE PROJECTS, UH, AND THE BUDGET, UH, REVIEW AS WELL AS APPROVAL. AND JUST WANTED TO THANK YOU FOR THE INFORMATION THAT YOU'VE PROVIDED FOR THIS BRAND NEW TURS. AND IT'S REALLY NEEDED. I MEAN, THE RESILIENCY IS VERY IMPORTANT BECAUSE, UH, TRADITIONALLY THE BUILDINGS THERE HAVE FLOODED AND THINGS HAVE HAPPENED OVER THERE THAT THIS, UH, FUNDING WILL BE VERY INSTRUMENTAL. SO THANK YOU SO VERY MUCH. THANK YOU. COUNCIL MEMBER SHABAZZ FOR THAT. UM, UH, JENNIFER, UH, MS. CURLEY, CAN YOU TELL ME, THIS ONE IS IN K, D AND C, OR JUST K AND D? IT'S K AND D. JUST K AND D? YES. OKAY. SO I THOUGHT PART OF IT WAS ALSO IN, IN C, BUT IT'S JUST IN K AND D. YES. I LOOKED AT THE MAP THIS MORNING. I'LL LOOK AT IT AGAIN, BUT WHEN I LOOKED AT IT, IT JUST, THE TIP IS IN, IN K AND THEN THE REST OF THE, THE CONE, IF YOU WILL, THE IS ALL IN CI MEAN, MD. YES. OKAY. ALL RIGHT. THANK YOU. COUNCIL MEMBER SHABAZZ FOR THAT. WE ARE READY FOR THE NEXT PRESENTATION. OKAY. SO CITY COUNCIL ENLARGED THE FOURTH WARD BOUNDARIES IN 2020. HOWEVER, THE APPRAISED VALUE OF THE PROPERTY THAT WAS ANNEXED INTO THEIR BOUNDARY HAS NOT INCREASED ABOVE THE BASE VALUE SINCE THAT TIME. SO, FOR EXAMPLE, THE BASE VALUE OF THE PROPERTY AT THAT TIME WAS 3,964,079,731. SO THAT'S 3.9 BILLION. RIGHT? SO THE CURRENT VALUE OF THAT PROPERTY THAT WAS ANNEXED IN 2020, IN 2020 IS NOW VALUED AT 3.3 BILLION 706,564,674. SO THERE HAS BEEN NO INCREMENTAL VALUE IN THAT PROPERTY. SO THERE'S NO PROPERTY INCREASE THERE, AND THUS IT DOESN'T GENERATE ANY INCREMENT. ALSO, THE TURS IN AGGREGATE CANNOT BE, CANNOT BE GREATER THAN 25% OF THE CITY'S TOTAL APPRAISED VALUE OF TAXABLE REAL PROPERTY IN THE MUNICIPALITY AND INDUSTRIAL DISTRICTS CREATED BY THE CITY THAT IS IN CHAPTER THREE 11.006 OF THE TEXAS TAX CODE. SO WHAT THAT MEANS IS THAT CURRENTLY TS REPRESENT 23.8% OF THE CITY'S TOTAL TAXABLE REAL PROPERTY VALUE, WHICH INCLUDES THAT 3.7 BILLION OF THE FOURTH WARD TUR OF THE FOURTH WARD, TOTAL APPRAISED TAXABLE VALUE AS OF RIGHT NOW AS OF TAX YEAR 2023. SO THAT THREE, THAT VALUATION IS NOT PROVIDING ANY INCREMENT, BUT IT'S ALSO BEING, IT'S ALSO BEING COUNTED IN THAT CAP. SO IF WE REMOVE THAT 3.7 BILLION, WE COME DOWN TO 2020 POINT, 22.5% AS FAR AS OUR CAP IS CONCERNED. SO RECOMMEND, BASED UPON THE FINANCIAL POLICIES THAT WERE ADOPTED BY CITY COUNCIL IN AUGUST OF 2023, WE'VE BEEN MONITORING THE YEAR TO YEAR GROWTH OF THESE, UM, AREAS THAT WE'VE ANNEXED. AND SO WE, YOU KNOW, WE, WE RECOMMEND THAT WE DE ANNEX THIS AREA BECAUSE IT'S NOT PROVIDING ANY INCREMENT TO THE TURS AS IT, IT WAS ORIGINALLY, YOU KNOW, WE PROPOSED TO DO TO COUNCIL, BUT ALSO BECAUSE IT'S TAKING UP AREA IN OUR CAP IF WE WANNA DO ANY OTHER ANNEXATIONS. YOU HAVE ANY QUESTIONS FOR ME? I, I WANT YOU TO SAY THAT ONE MORE TIME. WHICH ONE? WHICH THING? THE PART ABOUT THE, UM, WHY WE ARE, UM, REDUCING THE, THE, THE, SO THE, YOU KNOW, I UNDERSTAND THE CAP, AND SO BECAUSE THIS PORTION IS NOT PRODUCING ANY INCREMENT, [00:20:01] WE'RE GOING TO DE ANNEX THEM SO THAT WE STILL HAVE THAT SPACE IN OUR, BEFORE WE REACH OUR CAP, WE INCREASE THE SPACE IN THE, WE COULD WE INCREASE SPACE UNDER THE CAP IF WE DE ANNEX? RIGHT? SEE, IT'S NOT PROVIDING ANY INCREMENT TO THE TURS, AND IT'S NOT, IT'S NOT, IT'S TAKING UP CAP SPACE FOR ANNEXATIONS. IS IT, IS THERE ANY OPPOSITION TO THE DE ANNEXATION? UM, I'M NOT AWARE OF ANY, UM, OPPOSITION TO THE DE ANNEXATION, BUT PER, BUT JUST PER THE, UM, FINANCIAL POLICIES WE HAVE TO BRING THESE ITEMS TO CITY COUNCIL'S, UH, ATTENTION? NO, I, I'M, I'M CLEAR WITH THE, WITH THE POLICY, I JUST WANTED TO KNOW IF THERE WAS ANY OPPOSITION ANYWHERE FROM ANYBODY ABOUT THE DN X AC? NOT THAT I'M AWARE OF. OKAY. UH, WE DO HAVE A QUESTION FROM COUNCIL MEMBER MARTINEZ. THANK YOU, CHAIRWOMAN. UM, AND I'M LOOKING AT THE MAP, SO THE FOLLOWING SLIDE, BUT WE'RE LOOKING AT DE ANNEXING IS THE, THE PINK. UM, CAN YOU GO TO THE NEXT SLIDE PLEASE? LET ME TAKE A LOOK AT, UM, NEXT SLIDE. OKAY. THERE. RIGHT THERE. YEAH. SO IT'S, YES THERE. SO THAT PINK AREA IS WHAT WE ANNEXED IN 2020. AND SO THAT'S WHAT WE'RE ASKING THAT WE JUST DE ANNEX AT THAT AREA FROM, FROM THEIR BOUNDARIES. SO, AND I'M TRYING TO, FROM THIS MAP, IDENTIFY WHAT EXACTLY IS IN THERE AT THE MOMENT. AND IT SEEMS LIKE LOCATIONS LIKE SAM HOUSTON PARK MIGHT BE IN THERE RIGHT NOW, SAM HOUSTON PARK. YES. SO SAM HOUSTON PARK IS IN THIS PARTICULAR AREA. ALSO, THERE ARE MULTIPLE COMMERCIAL, UM, BUILDINGS IN THIS PARTICULAR AREA, AND THAT'S WHAT'S DRAGGING THE VALUE DOWN. WHEN WE ANNEXED IT, WE ANNEXED IT, IT LOOKS LIKE ON THE HIGH END. AND THEN WE HAD THE, THE PANDEMIC HIT US AND THEY NEVER RECAPTURED THEIR VALUE. YEAH. SO WHAT WE'RE SEEING IS A LOT OF THESE BUILDINGS THAT HAVE BEEN EMPTY, THEIR VALUE HAS BEEN GOING, I THINK WE JUST SAW ONE WORD, MAYBE LIKE LESS THAN $20 MILLION FOR A BUILDING IN DOWNTOWN NOW. SO THAT'S SOME OF THE CHALLENGE THAT WE'VE SEEN. BUT IN DOING THIS, IS THERE, IS THERE STILL OPPORTUNITIES TO KEEP SOME OF THE CITY FACILITIES LIKE SAM HOUSTON PARK WHERE WE CAN PROVIDE SOME OF THAT SUPPORT FINANCIALLY? NOW, AS I UNDERSTAND IT, UM, THE CHIEF, UM, CHIEF OF STAFF HAS ALREADY PRESENTED A WAY TO FUND SAM HOUSTON PARK. AND SO IN HIS PRESENTATION FOR THE BUDGET AND FISCAL AFFAIRS COMMITTEE, HE INDICATED THAT, UM, DIGITAL KIOSK WOULD BE A FUNDING SOURCE FOR SAM HOUSTON PARK. AS WELL AS THEY'RE ALSO LOOKING AT TO, THEY'RE LOOKING AT OTHER PERMANENT FUNDING SOURCES FOR SAM HOUSTON PARK. IS MARKET SQUARE PART OF THIS? NO. OKAY. I CAN'T REALLY TELL FROM THIS MAP RIGHT HERE. WHAT, WHAT IS BEING THE ANNEX, ESSENTIALLY. AND SO, UH, I JUST WANNA MAKE SURE THAT ANY CITY FACILITIES THAT COULD PROVIDE OR NEED THE SUPPORT THAT THEY, WE CAN STILL PROVIDE THAT SUPPORT. NORMALLY, WHENEVER WE, UM, ANNEX, USUALLY IT'S PUBLIC RIGHT OF WAY, WE DON'T USUALLY, USUALLY DO A LOT OF THE, THE PROPERTY AS MUCH ANYMORE. AND SO GREEN SPACE, MAKING SURE THAT WE STILL CAN CONTINUE TO CONTRIBUTE TOWARDS THOSE, THOSE GREEN SPACES. SO WHAT WE DID, SO IN THAT 2020, AND LET, LET ME GO BACK A LITTLE BIT. SO IN THAT 2020 ANNEXATION, WHAT WE DID WAS WE PUT THE COMMERCIAL PROPERTIES IN THERE TO FUND SAM HOUSTON PARK, BUT THERE'S NO INCREMENT, SO THERE'S NO FUNDING FROM THAT. SO ALL I'M SAYING IS, UM, THERE WAS NO ADDITIONAL, UM, CITY BUILDINGS OR GREEN SPACE. IT WAS JUST THOSE COMMERCIAL. SO IT'S NOT JULIA IEN OR THAT'S IN THAT PINK OR, UM, UM, IT'S NOT, UM, THE, THE CHURCH THAT'S STILL IN THEIR BOUNDARIES. IT'S JUST THAT. SO WE, WE DON'T ANTICIPATE THAT WE'LL EVER SEE AN INCREASE IN THE PROPERTY VALUES AND WHAT'S HAPPENING IN DOWNTOWN. IT WILL BE A WHILE BEFORE I THINK WE CAN WE'LL SEE. UM, IT, IT JUST DEPENDS ON THE GROWTH OF COMMERCIAL PROPERTY IN DOWNTOWN AREAS. NOW THAT WE'RE ALL WORKING HYBRID, RIGHT? LIKE SO MANY EMPLOYEES ARE WORKING HYBRID. I KNOW THAT YOU'RE AWARE OF THE STUDY THAT THE DOWNTOWN TURS DID WITH REGARD TO, UM, POSSIBLY CONVERTING SOME OF THE, SOME OF THE, UM, RETAIL, THE COMMERCIAL PROPERTY INTO RESIDENTIAL. THAT SEEMS TO BE ONLY FOR THAT FIX OR SAVE IS ONLY FOR MAYBE SMALLER BUILDINGS, NOT FOR THE, THE, THE LARGE WE, BECAUSE THERE ARE CONSTRAINTS WITH DOING THAT IN LARGE OFFICE BUILDINGS. SO WE DON'T KNOW, IS THE ANSWER TO THAT QUESTION AS A CHO WAS ASKING, IS THERE ANY OPPOSITION? I I WOULD REALLY, [00:25:01] I DON'T KNOW IF THIS IS COMING TO AN AGENDA SOON. USUALLY THAT'S THE, THE PROCESS COME HERE, THEN COME TO THE AGENDA IN, IN A WEEK OR SO. I'D REALLY LIKE TO HAVE A MORE IN DEPTH CONVERSATION. OKAY. UM, YOU KNOW, WITH THE ECONOMIC DEVELOPMENT OFFICE TO REALLY SEE, YOU KNOW, AND AGAIN, AS YOU MENTIONED, IT MIGHT BE SOME TIME BEFORE WE START SEEING SOME INCREASES IN PROPERTY VALUES IN DOWNTOWN, BUT BEFORE WE KIND OF GIVE IT ALL UP, RIGHT. UM, ALSO IF WE'RE GONNA RELEASE A LITTLE BIT OF THAT PERCENTAGE FROM 23.8 TO 22 POINT 22.5, ARE THERE LOCATIONS WHERE WE'RE LOOKING AT TO INCREASE, UH, OR EX EXPAND SOME CHARGES AS WELL? SO YES, WE CAN HAVE THAT CONVERSATION. UM, FOR PURPOSES OF DOING A DE ANNEXATION, IT GOES TO THAT WHOLE PROCESS OF YOU HAD TO DO A PUBLIC HEARING. AND, UH, FIRST OF ALL, WE GOTTA GET THE, WE'VE GOTTA GET THE MATERIALS, UM, TO ACT THE, THE AMENDED PROJECT PLAN, THEN DO A PUBLIC HEARING. SO YOU'RE TALKING ABOUT ANOTHER 30 DAYS WORTH OF WORK THAT STILL NEEDS TO BE DONE. WE WANTED TO BRING THIS ITEM TO COUNCIL EARLY TO LET COUNCIL KNOW WHAT WE WERE CONTEMPLATING. OKAY. AND MY LAST QUESTION, SO, SO IT WASN'T GONNA GO ON THE AGENDA NEXT WEEK, IS WHERE, WHERE I WAS GOING WITH THAT. YEAH. I JUST WANTED TO MAKE SURE THAT WE'RE ANTICIPATING WHAT THAT TIMELINE'S GONNA LOOK LIKE. 'CAUSE AS WE KNOW, USUALLY THINGS COME TO COMMITTEE AND THEN FOLLOWING WEEK SOMETIMES COMES TO THE AGENDA. UM, CENTRAL HOUSTON. UH, HOW ARE THEY, WHAT ARE, WHAT ARE THEIR THOUGHTS ON THIS? SO CENTRAL HOUSTON IN THIS CONVERSATION, I DON'T, I I WE HAVEN'T HAD A CONVERSATION WITH CENTRAL HOUSTON WITH REGARD TO THE SAME HOUSTON PARK. UM, D ANNEXATION, WHICH IS THE D ANNEXATION GENERALLY, YOU HAVEN'T HAD A CONVERSATION WITH THEM? NO, WE HAVE NOT HAD A CONVERSATION THAT I'M AWARE OF WITH, WITH, UM, WITH, UM, CENTRAL HOUSTON. OKAY. UH, SO IT'LL JUST BEING TRANSPARENT, THAT'S SOMETHING I'M GONNA DEFINITELY HAVE A CONVERSATION WITH THEM ABOUT AND SEE WHERE THEIR THOUGHTS ARE AS WELL. OKAY. THANK YOU. COUNCIL MEMBER CAYMAN ONLINE COUNCIL MEMBER CAYMAN. OH, STAFF FROM COUNCIL MEMBER KAMAN. I'M SORRY. I THOUGHT MAYBE SHE WAS ABLE TO. I THANK YOU SO, SO MUCH. GO AHEAD. UM, SO I THINK MY QUESTION WAS TOUCHED UPON A LITTLE BIT BY, UM, OUR CHAIR AND COUNCIL MEMBER MARTINEZ. UM, MY QUESTION WAS RELATED TO WHAT SORT OF COMMUNITY ENGAGEMENT HAS GONE ON, UM, RELATED TO THE D ANNEXATION, BUT IT SOUNDS LIKE THE CONVERSATIONS HAVE BEEN STARTED YES. WITH THE NEIGHBORHOOD INCLUDED. SO WE HAVEN'T HAD, UM, CONVERSATIONS WITH THE NEIGHBORHOOD. I KNOW THAT THERE WAS CONVERSATIONS, UM, THE CHIEF OF STAFF HAD WITH THE, UM, THE, UM, FOLKS FROM SAM HOUSTON PARK, BUT NOT WITH THE NEIGHBORHOOD. OKAY. THANK YOU. COUNCIL MEMBER RAMIREZ. THANK YOU MADAM CHAIR. SO, UM, THIS DE ANNEXATION IS OCCURRING TO GIVE US MORE ROOM UNDER THE MORE SPACE UNDER THE CAP THAT WE CAN PLAY AROUND WITH IN THE FUTURE. IS THAT CORRECT? THAT'S CORRECT. THE DE I DID, I WANNA MAKE SURE I UNDERSTOOD YOU CORRECT. DE ANNEXATION. YES. DE ANNEXATION. YES. UM, DO YOU HAVE ANY, ANY ADJUSTMENTS ELSEWHERE IDENTIFIED, UH, LAND THAT YOU'D WANT TO INCORPORATE INTO SOME OTHER ANNEX, INTO SOME OTHER TURS OR NEW TURS TO BE CREATED SOMEWHERE? DO YOU HAVE ANYTHING IN MIND IN PARTICULAR? NO. WE, SO WE HAVE BEEN LOOKING AT OTHER DE ANNEX DE ANNEXATIONS TO DO, TO GIVE US MORE SPACE UNDER OUR CAP. THIS ONE IS LOW HANGING FRUIT FOR US. AND SO, AND, AND IT'S A LARGE TAXABLE VALUE AT 3.9, UM, BILLION. AND THAT ALMOST DOUBLES, GIVEN THE NUMBERS RIGHT NOW. THAT ALMOST DOUBLES OUR CAPACITY CURRENTLY UNDER THE CAP. UM, DOUBLE BECAUSE RIGHT NOW WE HAVE LIKE 3 BILLION IN SPACE UNDER THE CAP RIGHT NOW BEFORE WE HIT 25 UH, PERCENT. AND SO WITH THIS THREE POINT, WE'RE MOVING, 3.7 BASICALLY DOUBLES THE AMOUNT OF, AMOUNT OF CAPACITY WE WOULD HAVE UNDER THE CAP. UM, DOES THAT INTER YOU HAVE ONE MORE QUESTION? YES, NO, THAT, THAT ANSWERS THAT QUESTION. AND I'LL, I'LL SPEAK GENERALLY ABOUT, UH, ISSUES OF TRANSPARENCY THAT, THAT CONCERN ME. CONCERNS ME. IT'S DIFFICULT TO FIND INFORMATION ABOUT, UH, A NUMBER OF THE TOUR IS ONLINE, YOU KNOW, IN TERMS OF AGENDAS AND, UH, MINUTES AND, UH, MEETING DATES. SOME ARE BETTER THAN OTHERS, BUT, UH, THERE SEEMS TO BE NO UNIFORMITY. UM, AND THERE'S NOT JUST A WHOLE LOT OF TRANSPARENCY. OKAY. UH, I THINK FOR THE PUBLIC OR, OR FOR US, UH, CERTAINLY NOT TO THE LEVEL OF THE TRANSPARENCY THAT, THAT WE HAVE HERE WITH OUR CITY MEETINGS. OUR CITY COUNCIL MEETINGS, [00:30:01] WHICH I KNOW OBVIOUSLY ARE REGULATED BY STATUTE. DO Y'ALL HAVE ANYTHING TO DO WITH THAT IN, IN, IN YOUR DEPARTMENT IN TRYING TO IMPROVE, UH, TRANSPARENCY WITH RESPECT TO THESE TS? YES. AND SO WE ACTUALLY POST THEIR MEETINGS IN OUR OFFICE. SO WE WILL HAVE A COPY OF THE AGENDA BECAUSE MOST OF THEM WE POST OURSELVES. OKAY. WHERE DO YOU, WHERE DO YOU POST THEM? SO WE REQUIRE TO POST THEM OUTSIDE OF CITY HALL. UM, THAT AREA, THAT PHYSICAL POSTING BOARD RIGHT. IS WHERE LEGAL HAS DE DESIGNATED FAMILIAR WITH THAT? YES. BUT WE ALSO POST THEM ONLINE. OKAY. UNDER, UM, EACH TS IT'LL SAY, UM, WELL, YOU KNOW WHAT, LET ME GET BACK TO YOU AND LET ME SEND YOU AN EMAIL TO SHOW YOU WHERE WE POST THEM ONLINE. 'CAUSE I DON'T WANT TO, TO, UH, MISLEAD ANYONE IN A PUBLIC FORUM ABOUT WHERE THEY'RE POSTED, BUT THEY'RE ON, THEY'RE IN THE, UM, THEY'RE ON THE PAGE UNDER ECONOMIC DEVELOPMENT TS AND THEN YOU GO UNDER THE, IN INDIVIDUAL TS. BUT I'LL, I'LL SEND YOU AN EMAIL AND WE CAN PUT YOU ON THE EMAIL LIST AS WELL FOR THE DISTRIBUTION FOR EASTERS. SURE. SURE. UM, BUT IT'D BE NICE TO HAVE TO NOT OPT IN FOR SOME OF THAT. UM, ARE AGENDAS POSTED ON YOUR WEBSITE? YES. AND WHAT ABOUT MEETING MINUTES? ARE THOSE POSTED ON YOUR WEBSITE? NO, BUT WE CAN GIVE YOU A COPY OF THE MEETING MINUTES. WE, I, UM, MYSELF AND MY COLLEAGUES, UM, ATTEND THE TERMS MEETINGS PERSON, SO WE GET A COPY OF THE MEETING MINUTES WHEN WE ACTUALLY GO TO THE MEETINGS. ALRIGHT. AND ARE THEY, HOW, HOW LONG DOES IT TAKE 'EM TO GENERATE THE MINUTES FROM A GIVEN MEETING? BECAUSE I'M SURE THEY'RE NOT PREPARED SIMULTANEOUSLY. OBVIOUSLY THEY'RE, THEY'RE NOT. SO SOME TSS MEET MORE FREQUENTLY THE OTHER THAN OTHERS. LARGEST LARGE TS IS LIKE MIDTOWN, UPTOWN, DOWNTOWN. THEY MEET MONTHLY BECAUSE THEY HAVE A LOT OF LARGE PROJECTS THAT THEY DO. THE ONES THAT DON'T HAVE A LOT OF PROJECTS, FOR EXAMPLE, MEDICAL CENTER AREA TOURS, THEY JUST GOT BACK ON A RHYTHM OF MEETING EVERY COUPLE OF MONTHS BECAUSE THEY DON'T HAVE A LOT OF FUNDS AND THEY DON'T HAVE A LOT OF PROJECTS IN THEIR, THEIR, UM, THEY DON'T HAVE A LOT OF PROJECTS IN THEIR PROJECT IN, IN THEIR FIVE YEAR CIP TO TO IMPLEMENT RIGHT NOW. SO THEY DON'T MEET EVERY MONTH PER SE. SO THERE'S SOME MEET EVERY MONTH, MEMORIAL HEIGHTS, DOWNTOWN GULF GATE, BUT THEN THERE'S SOME, BECAUSE THEY'RE SMALLER, DON'T HAVE A LOT OF FUNDS, THEY MAY MEET EVERY COUPLE OF MONTHS. GOTCHA. SO THE MEDICAL CENTERS, UH, HAS MET HOW MANY TIMES TO YOUR KNOWLEDGE? FOUR. OKAY. WELL, THEY'VE MET FOUR TIMES, MAYBE FIVE. WE COULD ONLY FIND ONE PRIOR AGENDA. OH. BECAUSE WE, WE DO UPDATE THE AGENDAS AS THEY, WE DON'T SAVE THE HISTORICAL AGENDAS ON THE WEBSITE. WE JUST PUT THE MOST CURRENT ONE UP. BUT I CAN GIVE YOU, I, I CREATED THE AGENDAS FOR THE MEDICAL CENTER SO I CAN SEND THOSE TO YOU. OKAY. I'M, I'M GLAD TO HEAR THAT YOU'RE INVOLVED IN, IN THE CREATION OF THAT. I THINK IT WOULD BE NICE TO BE ABLE TO ACCESS THOSE SURE. HISTORIC, UH, AGENDAS AS WELL, BECAUSE LOTS OF TIMES PEOPLE HAVE QUESTIONS ABOUT SOMETHING THAT HAPPENED IN THE PAST AND IF THERE'S NO AGENDA OR MEETING MINUTES AVAILABLE ONLINE, IT MAKES IT KIND OF HARD TO, BUT TO FIND OUT WHAT HAPPENED. SURE. AND OBVIOUSLY LOTS OF MONEY IS SPENT THROUGH, THROUGH THE VARIOUS TS. UM, YEAH. SO THAT'S, THAT'S MY CONCERN AND MAYBE WE COULD GET TOGETHER OFFLINE, SO TO SPEAK AND SEE WHAT WE CAN DO TO INCREASE THE TRANSPARENCY ON THE NATUR IN GENERAL. THANK YOU FOR YOUR COMMENTS. ALRIGHT. THANK YOU MA'AM. MS. CURLEY, I, I DON'T KNOW IF IT WILL BE AS EASY AS ON THE ECONOMIC DEVELOPMENT, UM, PAGE ON THE CITY WEBSITE. I KNOW WE PUT THE MOST RECENT ONE ON THERE. IT'S JUST TO, UM, MAYBE HAVE A LINK WITH THE, THE PREVIOUS AGENDAS AND MINUTES, UM, SO THAT THEY WOULD BE EASILY ACCESSIBLE. BUT WE CAN, WE CAN TALK THROUGH THAT. I KNOW THE, THE PRACTICE HAS BEEN TO JUST PUT THE MOST RECENT ONE. YES. UM, BUT JUST SOMEWHERE A LANDING FOR THE PREVIOUS, UM, AGENDAS AND MINUTES. SO YOU'RE IN THE, YOU'RE ON THE ECONOMIC DEVELOPMENT WEBSITE NOW SELECT HERS BUDGETS, AGENDAS AND DOCUMENTS. MM-HMM . AND SO SCROLL DOWN A LITTLE. OKAY. SO FOR EXAMPLE, ST. GEORGE PLACE IS THERE, CLICK ON THAT, SELECT THAT OR YEAH, YOU GO, SO AGENDA WILL BE HERE. SO ON AGENDA, THE MOST RECENT AGENDA WILL BE THERE. RIGHT. AND THEN EVERY TIME WE HAVE A NEW MEETING, WE JUST REPLACE WHAT'S THERE WITH THE, THE NEXT AGENDA. RIGHT. SO WHAT WE'RE SAYING IS FOR HISTORICAL CONTEXT, [00:35:02] IF WE COULD HAVE SOME SOMEWHERE ON THE SITE WHERE WE, UM, EVEN IF WE CAN JUST KEEP 'EM FOR THE YEAR, THAT WOULD AT LEAST GIVE PEOPLE SOME CONTEXT ON WHAT HAS DEVELOPED OVER THE LAST 12 MONTHS, UM, AT THE S MEETINGS. SO IT'S NOT JUST THE MOST RECENT ONE. OKAY. OKAY. UH, AND THEN MY QUESTION WAS, ARE THERE ANY, UM, SPECIFIC TERMS THAT MAY BE COMING TO THE END OF THEIR LIFE CYCLE, UM, FOR THE ADMINISTRATION OR THAT WE WOULD GAIN ANY ADDITIONAL CAP SPACE? DO WE KNOW OF ANY TURS THAT WOULD BE NEARING THE END OF THEIR LIFE CYCLES? CAN YOU GO BACK TO THET PAGE OKAY. THAT YOU WERE ON JUST A MOMENT AGO. SURE. I BELIEVE EAST, UM, EAST SIDE TURS AND MEDICAL, UM, EAST SIDE TURS AND, UM, MEMORIAL CITY END IN 2029. SO IF YOU GO TO EAST SIDE, SELECT EAST SIDE SELECT DOCUMENTS, SCROLL UP, SELECT CREATION ORDINANCE, PLEASE SCROLL DOWN, KEEP SCROLLING. AND I'M DOING THIS. SO THE, SO LET'S SEE. SCROLL DOWN PLEASE. JUST GOING THROUGH THIS EXERCISE, 'CAUSE THIS DATA IS ONLINE. IF YOU CAN, WE CAN, WE CAN FIND IT. YOU CAN ALWAYS ASK US IN THIS DOCUMENT, IN THE CREATION DOCUMENT, AND WE HAVEN'T EXTENDED THE LIFE OF EAST SIDE OR, UM, MEMORIAL CITY. AND SO IT WOULD BE IN THIS DURATION. SO 2027, I'M SORRY, 2027 FOR, UM, EAST SIDE AND IT'S 2029 FOR MEMORIAL MEMORIAL CITY. CITY. AND SO IF THEY ARE NOT EXTENDED, THEN THAT WOULD GIVE US ADDITIONAL CAP SPACE. IT WILL, UM, IT'LL GIVE YOU ADDITIONAL CAP SPACE, BUT THEN YOU'LL HAVE CHALLENGES ON THE CITY'S CAP. OH, SAY IT AGAIN. THE CITY'S CAP. YOU SEE WHAT I'M SAYING? MM-HMM . THAT'LL GIVE YOU CAP SPACE, BUT I GOT IT. YEAH. UM, DO YOU ANTICIPATE THAT THEY ARE GOING TO EXTEND, DO THEY HAVE PROJECTS IN THE WORKS THAT WOULD REQUIRE THEM TO EXTEND TO TURF 17? MEMORIAL CITY DOES. THEY'RE LOOKING AT A UNDERGROUND DETENTION, UM, UM, DRAINAGE AND DETENTION FACILITY UNDER THE SCHOOL. AND SO WE'RE LOOKING, WE'RE IN THE DESIGN PROCESS RIGHT NOW. AND SO WE'RE AWAITING THE RESULTS OF THE DESIGN PROCESS TO, BEFORE WE MOVE TO THE NEXT STEP OF EXTENDING THEIR LIFE TO PAY FOR THE, THE, UM, CONSTRUCTION OF THE PROJECT. OKAY. UM, FOR RIGHT NOW, THE EAST SIDE TURS WAS CREATED TO PAY DEBT SERVICE ON CHAVEZ HIGH SCHOOL. AND SO THAT'S ABOUT TO END IN 2027. THAT WOULD BE INCREMENT AVAILABLE FOR OTHER PROJECTS OR COUNCIL MAY ASK US TO GO AHEAD AND CLOSE THAT DOWN. OKAY. OKAY. COUNCIL MEMBER MARTINEZ. THANK YOU, CHAIRWOMAN. AND TO THAT, UM, FOR CHAVEZ, IT'S ONLY THE, THE, THE SCHOOL PROPERTY, IT'S NOTHING OUTSIDE OF THAT, CORRECT? NO. IT'S THE WHOLE THING. NO, IT'S, IT'S A, IT THERE'S A LARGER BOUNDARY BECAUSE THE REVENUE WE'RE REGENERATING, TAX INCREMENT FOR EAST SIDE WE'RE, UM, HOW, HOW MUCH FURTHER OUTSIDE OF THE SCHOOL BOUNDARY? 'CAUSE TO YOUR POINT, I THINK IT WAS REALLY TO PAY FOR THE SCHOOL BEING BUILT. YES, SIR. UM, AND WE HAVEN'T ACTUALLY LOOKED AT ANY PROJECTS AND I THINK TO COUNCILLOR RAMIREZ'S, UH, QUESTIONS ABOUT, UH, MEETINGS. I DON'T THINK THEY EVER, THEY REALLY, THEY DON'T MEET AT ALL. 'CAUSE ALL THEY DO IS TAKE IT IN AND PAY IT OUT. RIGHT, RIGHT. THAT'S EXACTLY RIGHT. THEY DON'T HAVE A BOARD THAT MEETS EVER. THE ONLY THING, THAT PARTICULAR PROJECT PLAN ONLY HAS THE CHAVEZ HIGH SCHOOL DEBT SERVICE IN IT. SO THAT IS WHAT WE DO WHEN COUNCIL APPROVES THE APPROPRIATION, THEN WE SEND THAT CITY REVENUE TO HISD TO PAY THE DEBT SERVICE ON THAT SCHOOL. UNDERSTOOD. UM, AS THIS ONE COMES TO A CLOSE, I KNOW, UH, PART OF IT'S IN DISTRICT E, UH, IT'D BE BE GREAT TO SIT DOWN WITH COUNCILOR FLICKER AND JUST KINDA SEE WHAT HIS THOUGHTS ARE ABOUT, UH, WHAT PROJECTS MIGHT BE AVAILABLE IN THAT ALLENDALE AREA IF POSSIBLE BEFORE IT DOES COME TO [00:40:01] A CLOSE. GOOD. THANK YOU. IF THERE ARE NO OTHER QUESTIONS, DO WE HAVE ANY MEMBERS OF THE PUBLIC THAT WOULD LIKE TO SPEAK? WE DON'T HAVE ANYONE ONLINE. UH, BEFORE WE ADJOURN, I'D LIKE TO REMIND EVERYONE THE NEXT SCHEDULED ECONOMIC DEVELOPMENT COMMITTEE MEETING IS TUESDAY, JUNE THE 18TH AT 2:00 PM UH, THIS DATE IS OUT OF THE NORMAL SEEK QUINCE DUE TO THE JUNETEENTH HOLIDAY. SO IF YOU'RE INTERESTED IN RECEIVING ANY INFORMATION ON THE ECONOMIC DEVELOPMENT COMMITTEE MEETINGS, YOU CAN CONTACT THE DISTRICT A OFFICE AT DISTRICT A@HOUSTONTX.GOV, AND THE TIME IS 2 42 AND THIS MEETING IS ADJOURNED. THANK YOU ALL FOR BEING HERE. * 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.