Aug 27, 2026 Dallas Housing Acquisition and Development Corporation

ACTION ITEM SEVEN, RE RECOGNIZE YOU RECOGNIZ.

I PROB IN REGARDS TO THE ITEM THAT IS, UH, BEFORE US, THE ACTION THAT REQUIRED CONSIDERATION, APPROVAL OF THE SUBSTITUTION OF TWO, PREVIOUSLY AWARDED LAND BANK LOTS WITH TWO LAND BANK LOTS, LOCATED AT 42 11 CARPENTER AVENUE AND 42 26 C AVENUE.

PURSUANT TO THE JUNE 25TH, 2026, APPROVED LARGE HOUSE INVESTMENT GROUP, LLC, PROPER DEVELOPMENT OF FOUR, AFFORDABLE HOUSING.

HOUSING LOCKED.

AND SECOND.

MOVE A SECOND.

ANY DISCUSSION HEARING IC NONE.

ALL IN FAVOR? AYE.

AYE.

ANY NAYS? ANY FOLKS? AY, I HAD IT.

MOTION CARRIED.

[VII. Action Item: Consideration and Approval of the sale of six (6) Land Bank Program lots to Builders of Hope for the development of seven (7) affordable housing units located at 4302 Colonial Avenue, 2721 Carpenter Avenue, 4019 Colonial Avenue, 5218 Colonial Avenue, 2609 Carpenter Avenue, and 2345 Garden Drive - Tyrone Wilson, Manager- Real Property]

I WOULD ASK THE BOARD TO CALL JUST CONSIDERATION TO THE NEXT BOARD MEETING, UH, FOR THIS PARTICULAR, UM, ACTION ITEM.

YOU WANT TO DEFER THIS ITEM? YES.

ARE, ARE THERE ANY, IS THERE ANY OPPOSITION TO COMMISSIONER PRICE RECOMME RELATIONSHIP? DEFER TO THE NEXT MEETING? ANY DISCUSSION? ORLANDO, YOU'RE RECOGNIZING? YEAH, WELL, UH, I JUST, I JUST WANNA MAKE SURE THAT THE CITY AND UNDERSTOOD THE COUNTY THAT EVERYBODY'S IN GOOD STANDING.

WE JUST SAID THAT.

YES.

SO ORLANDO, DOES THAT GONNA SATISFY YOUR CONCERN? OKAY.

UH, JENNIFER, DO WE RELEASE THE VOTE MOTION? SECOND.

I'LL SECOND.

OKAY, SO WE GOT A MOTION TO DEFER.

WE GOT A SECOND DOOR.

UH, ALL IN FAVOR OF THE MOTION TO DEFER A AYE.

ANY OPPOSED NA, MOTION TO DEFER CARRIES.

[VIII. Action Item: Consideration and Approval of a reduction in the previously approved sales price for the Land Bank Program lot located at 1512 Morris Street, awarded to AE Equity Group LLC pursuant to DHADC Resolution No. 26-0005, due to delinquent property taxes incurred during ownership by a prior Land Bank Program developer – Tyrone Wilson, Manager – Real Property]

MOVING TO ACTION ITEM NUMBER EIGHT, CONSIDERATION AND APPROVAL OF A REDUCTION AND A PREVIOUSLY APPROVED SALES PRICE FOR THE LAND BANK PROGRAM LOT LOCATED AT 1512 BORIS STREET, AWARDED TO A E EQUITY GROUP LLC PURSUANT TO D-H-A-D-C, RESOLUTION NUMBER 26 DASH 0 0 0 5 DUE TO THE PROPERTY TAXES OWNERSHIP BY PRIOR LAND BANK PROGRAM.

OKAY, SO THIS IS A PROJECT THAT THE BOARD PREVIOUSLY, UM, AWARD THIS LOT IN THE TWO LOT AWARD TO THE DEVELOPER.

AND IT WAS PROPERTY THAT WE HAD REVERTED FROM A DEVELOPER WHO DID NOT PERFORM.

SO WHEN WE'RE PREPARING THE CLOSING DOCUMENTS, THE DEVELOPER WHO DID NOT PERFORM HAD APPROXIMATELY $30,000 IN UNPAID BACK TAXES AND LIEN THAT, UM, YOU KNOW, MOST OF OUR PROPERTIES, MOST OF THOSE TAXES AND LOANS WOULD BE EXTINGUISHED WITH THE FORECLOSURE.

BUT THIS WAS ONE THAT WE HAD SOLD.

SO THESE WERE SUBSEQUENT TO OUR SALE TO THAT DEVELOPMENT COUNTY STILL WANTED US TO PAY THOSE TAXES.

I WANT SOMEBODY TO PAY THOSE TAXES BEFORE WE TRANSFER THE PROPERTY.

SO OUR, OUR POLICY'S ALWAYS BEEN, THAT'S THE DEVELOPER'S RESPONSIBILITY.

SO THE DEVELOPER PAID UP A LOT, BUT HE WOULD'VE BEEN, IN ORDER TO CLOSE ON IT, HE WOULD'VE HAD TO PAY THE 30,000, ROUGHLY THOUSAND DOLLARS IN THAT TAXES.

AND SO WE PROPOSED WITH THE DEVELOPER WHO STILL WANTS TO DEVELOP A RUN, AND IT WAS, HE WAS PREPARING A PRODUCT THAT WAS A 60% AND BELOW PRODUCT, I BELIEVE.

AND WHAT HE PROPOSED WAS HE WOULD BE WILLING TO PAY A REDUCED PRICE FOR THE LOT IF WE ALLOW TO MOVE UP TO DAILY ONE TO ONE 15 I BAND AND BUILD A DIFFERENT PRODUCT THERE BECAUSE HE, UM, IT, IT ALLOWS HIM TO, TO JUST MAKE A PROFIT.

HE WOULD TAKE CARE OF THE $30,000 BACK TAX AND LIENS.

SO THE COUNTY WOULD BE MADE WHOLE, UM, CHRIST'S OFFICE WOULD GET THAT WITH THEIR, THEIR LIENS AND UM, AND WE GET AN AFFORDABLE, UM, SO WHAT HE HAS PROPOSED AND WHAT'S LAB IS RECOMMENDING IS THAT WE REDUCE THAT SALES PRICE FROM 11,500

[00:05:01]

TO, UH, 5,000 BUCKS.

AND THE DEVELOPERS AGREED THAT IF WE SELL THEM THIS LIVE TO $5,000 AND LOT SWAP THAT A I 81 50%, UM, HE WOULD BUILD AN 81 TO ONE 50% LOT ON THAT PROPERTY.

UH, WE WON'T CLOSE THIS UNTIL AFTER THE FISCAL YEAR SERVED, BUT ACCOUNT HE UNDERSTANDS IT'LL ACCOUNT TOWARD HIS ALLOTMENTS NEXT FISCAL YEAR AND HE'S WILLING TO ASSUME AND, AND TAKE CARE OF THOSE $30,000 IN BY TAXES AND LIENS PROVIDED THAT WE SELL IT TO HIM FOR $5,000 AND THAT WE ALLOW HIM TO SWITCH THE A I CAMPAIGN.

I DID REVIEW THE STATUTE AND THE STATUTE DOES NOT OBJECT PRICE.

IT JUST SAID THAT YOU , WHICH I REVIEWED IT AND REVIEWED IT TO SEE IF IT ADDRESS IT, DID NOT ADDRESS THE PROBLEM.

UM, WE'VE ENCOUNTERED THIS PROBLEM BEFORE WHERE WHEN WE REVERT OUR PROPERTIES, THEY HAVE A EXISTING RIGHT.

SO WE'RE HAVING TO DEAL WITH THIS ISSUE AND, AND MAYBE THIS IS ONE WAY OF DEALING WITH AN ISSUE WITH THIS ISSUE, UM, AND IT SEEMS TO BE WITHIN THE SET.

UM, IF THE DEVELOPER WILLINGNESS TO TAKE IT ON AT A REDUCED PRICE, IT SEEMS LIKE A WIN-WIN FOR BOTH PARTIES.

ORLANDO, YOU'RE RECOGNIZED.

TO HAPPEN, WE WOULD HAVE TO SUE THE DEVELOPERS.

UM, I GUESS MY QUESTION IS, I I HAVE NO, NO ISSUE WITH WHAT'S BEING PROPOSED, BUT OUR ATTORNEY JUST MENTIONED THAT THIS IS AN ONGOING CONCERN.

SO WE SELL THE LAND BACK LOT, DOESN'T GET THE FILE, WE END UP REGARDING AND WHILE I WAS IN POSSESSION OF THAT INTERIM OWNER WILL CALL HIM TAXES AND WE JUST GET ADDED ONTO, NOW THEY BECOME OUR RESPONSIBILITY AGAIN.

HOW IS, WE NEED TO FIGURE OUT A WAY OF ADDRESSING THAT.

SO THAT DOESN'T OCCUR.

IT DOESN'T MAKE, I MEAN, SELLING A OUT TO SOMEBODY, THEY DECIDE THEY DON'T DO ANYTHING WITH IT AND THEN INCUR ALL THESE EXTRA CROSS ON, ON, ON THE BACK END.

WEVER BACK TO US.

HOW, HOW DOES THAT WORK, ORLANDO? I THINK I WANT TO JUST, I JUST WANNA RESPOND QUICKLY AND THEN I'LL, I'LL OPEN IT UP.

I THINK SOME OF THIS IS HOLD OVER FROM PREVIOUS BOARD LEADERSHIP OKAY.

BY THERE FOR FOUR YEAR TIME.

I THINK CURRENTLY WE HAVE TIGHTENED THE TIMEFRAMES ON THE DEVELOPER AGREEMENTS.

SO SOME, A PRODUCT HAS TO BE DEVELOPED WITHIN A COUPLE YEARS NOW, RIGHT? IT DEPENDS ON THE PROJECT, BUT YEAH.

AND, AND OUR MONITORING IS BETTER NOW VERSUS FOUR.

THERE WAS LITTLE, LITTLE QUA EFFORTS IN PLACE PRIOR THAT ARE NOW IN PLACE.

AND I THINK WE WILL HAVE SOME OF THESE UNTIL WE KIND OF GET BEYOND SOME OF THE SALES THAT ARE TAKING PLACE IN THE YEARS PAST.

WERE NOT MONITORED CORRECTLY THAT WERE NOT UNDER THE NEW PERFORMANCE METRICS THAT WE HAVE IN PLACE.

I THINK WE'VE DONE SOME THINGS THAT IMPROVE THAT, SPEAK TO THAT AND JUST YEAH, SOME OF THE IMPROVEMENTS WE'VE MADE.

AND PART OF IT IS THE SLICK SYSTEM THAT YOU GUYS APPROVED ON THAT THAT HELPS US MONITOR THE PROPERTY PROPERTIES.

WE SHOULD NEVER BE A DEVELOPER THAT'S $30,000 IN BACK TAXES GOING GOING FORWARD.

UM, BUT THIS WAS AN OLDER PROPERTY.

UM, WE REVERTED, I THINK THIS WAS ONE OF THE BOARD OF APPROVED MORE THAN 10 YEARS AGO.

SO IT JUST, YOU KNOW, IT, THIS SHOULD NOT NOT HAPPEN GOING FORWARD.

AND I WILL ADD THAT WE HAVE REVISED THE DEVELOPMENT AGREEMENT TO MAKE THE DEVELOPERS RESPONSIBLE FOR .

BUT AGAIN, THE OTHER MECHANISM THAT WE PUT IN PLACE, INSTEAD OF THE FOUR YEARS, MOST OF THE DEVELOPERS ARE, UH, RESPONSIBLE TO BUILD THESE PROJECT.

THE LONGEST I'VE SEEN IS 24 MONTHS.

WE'RE ASKING THE DEVELOPERS TO TURN THESE CHECKS AROUND 12 MONTHS, 18 MONTHS, 24 MONTHS.

THAT'S WE, INSTEAD OF THAT WE'RE SHORTENED THE TIME FRAME.

WE'VE INCREASED THE, DEVELOP THE RESPONSIBILITIES IN THE DEVELOPMENT AGREEMENT TO BETTER AVOID THESE ISSUES.

IS THERE ANYTHING IN THE DEVELOPMENT AGREEMENT TODAY THAT SURE.

THAT DEVELOPER HAS 1844 BUCKS THAT'S PAYING ? I I GUESS THAT'S WHAT I'M GIVING YOU.

SO WHAT'S IN THE DEVELOPMENT ROOM TODAY? YES.

SOMETHING IN THERE.

YES.

AND, AND IF THEY DON'T KNOW WHAT'S, WHAT'S ALREADY, WELL THE RE WHAT WE HAVE IN THE DEVELOPMENT AGREEMENT RIGHT NOW IS IF THE PROPERTY IS , THE DEVELOPER IS RESPONSIBLE FOR ANYTHING, THE TAXES THAT EXIST ON, FOR THAT

[00:10:01]

UH, DO YOU RECOGNIZED, THANK YOU QUESTION, UM, IN OUR POLICIES AND PROCEDURES FOR THIS, ARE WE REQUIRED TO SELL THE LOT AT THE APPRAISED ? NO.

NO.

IT'S JUST OUR PRACTICE.

WELL THE STATUTE, THE STATUTE REQUIRES US TO OFFER IT FOR SALE INITIALLY AT, AT, UM, FAIR MARKET VALUE.

BUT, BUT OTHER THAN THAT, THE STATUTE, BUT OUR, OUR POLICIES AND PROGRAMS, THE WAY WE ADMINISTER THE LAND BASED STAFF OF, WE HAVE SOLD AND SOLD THE LOTS OF THE LAND VALUE.

NO, NO.

WE, WE HAVE A, WE HAVE A THREE TIER PRICING SYSTEM THAT BASICALLY THEY'RE BASED ON THE A MI OF THE BAR.

AND SO THE $5,000 PRICE POINT WOULD BE CONSISTENT WITH OUR POLICY MI SALES, RIGHT? NO, IT'S, IT IS WAY LOW.

THE A A MI FOR 81% OF SALES PRICE IS 20 20,500 WOULD EFFECTIVELY COST 35,000.

I UNDERSTAND.

I JUST WANNA MAKE SURE, LIKE WHILE WE'RE IN COMPLIANCE WITH THE STATUTE WOULD BE IN VIOLATION OF OUR PRACTICE PROCEDURE.

THAT'S WHAT I, THAT'S THE REASON I ASKED JUST AS A CORRECTION, THE STATUTE DOES NOT DICTATE PRICE.

IT JUST SAYS THAT IT SHOULD, WE SHOULD SELL TO A DEVELOPER.

IT DOESN'T ADDRESS PRICE.

AND I DON'T THINK WE HAVE AN INTERNAL POLICY OR PROCEDURE OR A BY LAW THAT ADDRESSES PRICE EITHER.

WELL, WE, WE HAVE THREE.

WE, IN OUR APPLICATION, WE HAVE THREE STANDARD PRICING MATRIXES BASED ON THE MAI, THERE'S THREE SET PRICES THAT WE OFFER PROPERTIES.

UM, THERE'S ONE OF THOSE PRICES, 11,504 TO 60% BELOW 13,580 AND ON 20,000 504 81.

AND MR. RESIDENT CALCULATING SAID ON THE ADJUSTMENT SALE, YOU UP 30,000 DISAPPEARED WITHIN THAT.

AND SO THAT'S MY CONCERN.

SAY WE SAY WE DON'T LOWER THE PRICE AND WE DON'T SELL THE LOT, THEN WE SIT ON IT FOREVER AND I MAINTAIN IT FOREVER AND THE COUNTY GETS NO TAX EVER BECAUSE NOBODY'S GONNA COME IN AND PAY 30,000 IN TAXES AND LIENS AND THEN MARKET VALUE FOR THE JOB EVER.

AND SO IT BECOMES OUR PERMANENT RESPONSIBILITY.

AND I DON'T THINK THAT'S JUST THE RESPONSIBLE EITHER.

I, I, I AGREE.

UM, AND UH, PIGGY BACK ON ORLANDO POINT, RIGHT? WE, WE KNOW THERE'S ISSUES LIKE THIS THAT MIGHT THIS ONE'S TENURE.

YEP.

SO I WOULD RECOMMEND THAT WE HAVE A POLICY THAT WE CAN FOLLOW FOR CONSISTENCY MOVING FORWARD TO HOW INITIATE TERMS TO CORRECT THESE ISSUES SO THAT COMPLIANCE OF THE STATUTE.

BUT WE ALSO HAVE ROOM WITHIN OUR APPLICATION TO NEGOTIATE THE, THE SALES FOR THE REVERTER BONDS.

SPECIFICALLY AROUND REVERTER BONDS NOT OPENED UP INITIAL APPLICATION, BUT TO .

SURE.

SO BEFORE WE DO, I THINK THOR IS MORE REFERRING TO DRAFTING SOMETHING NOW TO PUT A POLICY IN PLACE FOR THOSE THAT COME BACK FROM THE PAD AND HOW WE ADDRESS 'EM GOING FORWARD.

WELL, GOING ON, YOU KNOW, I I I SUSPECT THAT THEY'RE ALL GONNA HAVE THEIR OWN STAFF KIND OF GOING AGAINST THE POLICY BECAUSE WE CAME UP WITH SITUATION.

SO I IT'S PRESENTED.

THE, THE STAFF NEGOTIATED PRESENTED TO US.

WE ALL TEND TO AGREE WITH WHAT WAS NEGOTIATED UP PRICE AND WE MOVE FORWARD ON THIS ONE AND HOPEFULLY THESE DON'T COME AROUND THAT OFTEN.

SOMETIMES THERE ARE EFFECTIVE.

ONE OF THINGS, WE HAD TWO REVERTERS THAT YOU JUST ADDRESSED WITH TWO ON CARPENTER.

THOSE HAD NO BACKPACK.

THOSE WERE REVERTED AND THEY HAD NO BACKPACK.

SO SOMETIMES WE REVERT AND THERE'S NO TESTS.

SO, UH, SO I, I APPRECIATE THE, THE COMMENTS AND THE DISCUSSION.

ONE OF THE THINGS I WOULD CAUTION AGAINST HAVING SAID IN THIS CHAIR FOR YEARS, THAT, UM, WON'T COVER EVERY CIRCUMSTANCE.

THERE'S SO MOVING PARTS IN THIS PROGRAM AND SO MANY UNEXPECTED THINGS THAT COME BACK THAT SOMETIMES THE BOARD JUST HAS TO MAKE A DECISION THAT THAT MIGHT NOT BE COVERED IN THE POLICY.

YES.

AND I THINK THAT'S WHAT LIKE, UH, WAS SAYING, YOU KNOW, TAKE JUST RED FLOOR, UH, POSITION TAKE BLOOD TWO YEARS.

[00:15:02]

I THINK THE COUNCIL HAS MADE US AWARE OF A NEW POLICY AND PROCEDURE TO PROTECT US GOING FORWARD.

I I'M FINE WITH THE BOARD'S RECOMMENDATION TO ADDRESS THIS ONE OFF AS THEY, AS THEY COMFORTABLE FROM THE PAST.

AND SO CHOOSE, ADD AN ITEM TO THE AGENDA IN THE FUTURE TO THE STEPS A POLICY DEVELOP OR SOMETHING LIKE THAT.

HAPPY BEGIN TO TAKE OVER.

QUESTION MR. BARO.

IS THIS THE ONLY NOT WE SHOW TO THIS? NO, THERE WERE TWO ON THAT.

THERE WERE TWO ON THAT RESOLUTION.

DEVELOP THE OTHER ONE YEAH.

IS FINE.

SO, AND THE REASON THAT JUST THIS, WELL, THIS IS THE ONLY ONE THAT HAD THE 30,000, I MEAN, I WAS TALKING ABOUT THE DEVELOPERS.

SO WE HAD, WE PURCHASED ONE, ONE BLOCK FROM THE ONE THAT GOT THE DELINQUENT TEXT GIVEN RIGHT YEAR AGO.

I'M NOT EVEN, I DON'T REMEMBER OFFHAND WHICH DEVELOPER WE TOOK THE LOT BACK FROM, BUT I KNOW HE'S NO LONGER IN THE PROGRAM.

I CAN'T REMEMBER THE NAME OF THE COMPANY.

BUT IT, IT'S NOT A DEVELOPER THAT I'VE EVER MET FOR ONE THAT'S, WE NO LONGER SELL.

IT'S NOBODY THAT I'VE ENCOUNTERED IN LAST, YOU KNOW WHY THEY, I DON'T, THIS LOT CAME TO OUR ATTENTION BECAUSE, OH, I ACTUALLY, I, THIS LOT CAME TO OUR ATTENTION BECAUSE THE DEVELOPER WAS TRYING TO SELL IT, UM, AT THE MARKET RATE A LOT FOR $90,000.

AND THE TITLE COMPANY COST RESTRICTIONS AND ASKED US ABOUT OUR THAT'S CAME, JENNIFER I THINK FIRST CAME ON, IT CAME DOWN TO SALES SCHEDULE FOR THIS AND I THINK 48 HOURS OR 24 HOURS AFTER LEARNING, AFTER LEARNING ABOUT IT.

BUT DO YOU KNOW WHY THE TWO LOTS ONE WAS BUILT? WHEN WAS, DO WE KNOW, WAS THERE CHALLENGES ON THIS LOT? THE NEW DEVELOPER HAD THE SAME .

NO, HE WAS TRYING TO, HE WAS TRYING TO SELL BOTH OF THE LOTS.

BUT ONE OF THE LOTS WAS HE HAD PLEDGED THIS FOR SOME LOAN OR SOMETHING.

AND I WANNA SAY THERE WAS ANOTHER GOVERNMENT ENTITY THAT HAD ALREADY MADE A CLAIM TO THAT LOT THAT MADE IT MORE DIFFICULT THAN IT WAS WORTH FOR US TO GO AFTER REVERTING THAT LOT.

ALSO IT, SO THE OTHER ONE WAS NOT, IT WASN'T DEVELOPING THAT DOOR BARELY HELPS.

WE HAVE A LIST HELP.

WE DON'T, BUT WE, WE SHOULD AND WE PROBABLY SHOULD.

THAT'S NOT WE DO.

WE DEVELOP THE DEFAULT.

TO ACTION ITEM NINE CONSIDERATION AND APPROVAL OF SERVICES PROVIDED BY LOGAN ASSOCIATES PC FOR D-H-A-B-C AUDIT BECAUSE WE'RE HERE 25 .

AND SO I'LL ENTERTAIN A MOTION.

I THINK WE APPROVE NOTICE ITEMS ACCORDING TO THE ATTORNEY.

REGARDS TO ITEM EIGHT, FROM THE PREVIOUSLY APPROVED SALE PRIOR TO THE LAND BANK LOCATED 1512 MORRIS STREET, ONE TWO, AE EQUITY GROUP LLC PURSUANT TO DALLAS HOUSING ACQUISITION DEVELOPMENT CORPORATION, REVOLUTION NUMBER 26 DASH ZERO ZERO DUE TO DELINQUENT PROPERTY TAXES INCURRED DURING OWNERSHIP BY AN EMPLOYER LAND BANK PROGRAM DEVELOPMENT.

SAME.

ANY ANY BOARD DISCUSSION? HEARING ALL IN FAVOR? I.

[IX. Action Item: Consideration and Approval of Services Provided by Logan Associates, P.C. for DHADC Audit FY 2025-2026– Tyrone Wilson, Manager- Real Property]

UM, SO THIS IS THE AUDIT THAT WE'RE REQUIRED TO DO ANNUALLY.

UM, BUDDY LOGAN FROM LOGAN ASSOCIATES HAS PERFORMED THE LO THE AUDIT, UM, EVER SINCE I'VE BEEN, AND WE'VE ALWAYS HAD CLEAN AUDITS, UM, NEVER HAD ANY ISSUES.

UM, BUDDY WORKS WITH US.

HE KNOWS OUR SYSTEMS. HE ACTUALLY, I SEE HE'S ONLINE, SO I DON'T KNOW HOW, IF YOU HAVE ANY QUESTIONS FOR HIM, HOW IT'S GONNA WORK WITH WITH THE AUDIO.

REQUIRING A LOT MORE TIME THAN OUR PREVIOUS AUDITS, BUT HE'S ALSO GATHERING A LOT MORE, UM, I GUESS WHAT YOU CALL FOUNDATIONAL ORGANIZATIONAL DOCUMENTS.

BUT THIS IS A SLIGHT INCREASE FROM WHAT WE PAID LAST YEAR.

37.

$3,750 MORE THAN WE PAID LAST YEAR.

I WILL TELL YOU THAT HE'S IMPLEMENTING A NEW SYSTEM THAT, UH, HE'S USING AND THIS AUDIT IS

[00:20:01]

SO AUDITS GOING FORWARD SHOULD BE EASIER TO PREPARE, BUT WE'RE SPENDING A LOT OF TIME, CAROLINE AND I THIS YEAR, UM, PREPARING FOR THE AUDIT AND HIS ENGAGEMENT LETTER IS IN, UH, IN YOUR PACKET.

HE IS AVAILABLE VIRTUALLY IF YOU HAVE ANY QUESTIONS THAT YOU'D LIKE TO ASK HIM.

BUT STAFF IS RECOMMENDING THAT WE APPROVE THE ENGAGEMENT OF MR. LOGAN.

UH, WE, WE'VE NEVER HAD ANY ISSUES WITH THE AUDITS IN THE PAST.

UH, WE'VE ALWAYS HAD CLEAN AUDITS AND LIKE I SAID, HE'S, UM, THIS NEW SYSTEM THAT HE'S USING.

IT'S KINDA LIKE WHEN WE ONBOARDED SLATES, THERE'S JUST A LOT OF STUFF GOING INTO GETTING IT SET UP, BUT IT SHOULD MAKE FUTURE AUDITS.

MUCH, MUCH YOU DO.

SO IF YOU HAVE ANY QUESTIONS FOR MR. LOGAN, HE IS AVAILABLE.

RACHEL, YOU CAN SAY ME.

STAFF RECOMMENDS.

STAFF DOES RECOMMEND YOUR APPRO.

HAVE CONCERN MR. PRESIDENT.

I'D ASK TO RECOGNIZE FOR THE APPROVAL PROVIDED BY LOGAN ASSOCIATE C ACQUISITION DEVELOPMENT CORPORATION AUDIT FFY 2025.

DAY 2026.

SO RULE SECOND, ANY DISCUSSION NOR YOU'RE RECOGNIZ.

WE'VE GOT A BRIEFING ITEM.

UH, WAS THERE SOLICITATION THAT WENT OUT? ? I KNEW YOU WERE UNDER SWITCH.

NO, NO.

WE, WE'VE USED MR. LOGAN.

UM, IT WAS USED BEFORE I GOT HERE AND WE CONTINUED TO USE HIM EVER SINCE.

WE HAVE NOT, WE HAVE NOT, UM, DONE ANY KIND OF SOLICITATION OR PRO TO FIND ANYONE ELSE'S MIND.

DOES THE, DOES HAVE A PROCUREMENT POLICY ON HOW WE SOLICIT ? WE DON'T.

UM, MY NAME COMMENT WOULD BE WE SHOULD HAVE SOME FORMAL PROCEDURE ON HOW WE WANT TO PROCURE FOR VENDORS.

AND FROM MY EXPERIENCE MANAGING MULTIPLE, THE NONPROFIT BOARD LOOK REMOVED TO ENSURE WE HAVE THAT PRACTICES AND MANAGEMENT TRACE ENSURE AUDITING WORK IS CONSISTENT AND WE DON'T HAVE MAYBE THE FAMILIARITY ONE AUDITOR IS TO ENSURE JUST FROM A NONPROFIT STANDPOINT.

THAT WOULD BE MY CONCERN TODAY.

THAT YEAH, WE MAKE THOSE COMMENTS.

YEAH, WE USED TO FOLLOW THE CITY PROCUREMENT PROCESS, BUT THEN, UH, THIS ATTORNEY'S OFFICE GAVE US AN OBJECT.

THE D-H-J-D-C WAS NOT REQUIRED TO FOLLOW THE C PROCUREMENT PROCESS.

AND WE HAVE, WE HAVE NEVER SET , BUT THAT PROBABLY IS SOMETHING THAT THE BOARD STATUTE CONSIDERING THE INCREASE THE SERVICE YEAR, UM, I THINK PROBABLY THE NEXT FULL LINE NEEDS TO, UH, SOLICITATION.

UM, WHAT I'VE LEARNED THAT BEING SET ASIDE IS ONE INDIVIDUAL FOR LONG PERIOD OF TIME, EVERYBODY HAS TO GET REAL COMFORTABLE AND THEN WE FEEL LIKE, YOU KNOW, THEY'RE DEALING , THEY'VE DOING IT SO LONG, UNDERSTAND OUR SYSTEM, THEN ALL OF A SUDDEN WE THE PRICE WHEN WE LOOK DOWN THE ROAD, WOW, WE'RE PAYING WAY MORE THAN WE PAY IF OUT.

SO WE PROVIDED A GREAT SERVICE FOR US, BUT I THINK WE OWE TO OURSELVES AS A BOARD TO PUT THE GO AROUND, WE'RE GETTING THE BEST OUT.

AND MR. , I HAVE NO PROBLEM WITH THAT AND NO TO MR. LAWS, BUT, UM, TO MY MORGAN SAYING THING HAPPENED SAME AND YOU PUT AN OUT AND , I APPRECIATE ALL OF THOSE COMMENTS.

I THINK IT'S OUR JUDICIARY RESPONSIBILITY TO, TO JUST HANDLE THIS.

SO APPRECIATE THOSE COMMENTS DULY NOTED STAFF.

I KNOW YOU'VE TAKEN NOTE OF THAT AND, UH, GOT A MOTION.

SECOND.

UH, ALL IN FAVOR? AYE.

ANY OPPOSED? NA AYES HAVE MOTION PIERCE.

[X. Briefing Item: Discussion of the five Land Bank Program lots approved for sale to KW New Vision Properties & Land, Inc. on June 27, 2024, and Board guidance regarding Correction Deed – Tyrone Wilson, Manager – Real Property]

BRIEFING ITEM 10, DISCUSSION

[00:25:01]

OF FIVE LAND BANK PROGRAM LOCK APPROVED FOR SALE TO PAY W NEW VISION PROPERTY AT LAND INC ON JUNE 27TH, 2024.

AND BOARD GUIDANCE REGARDING THE CORRECTION.

OKAY, SO THIS ONE IS A PROPERTY THAT WE, THE BOARD AWARDED TO KW DIVISION BACK IN JUNE, 2024.

UM, OUR PROCESS BACK THEN, PROCESS HAS CHANGED NOW AS FAR AS GETTING DEVELOPERS DEFINED DEVELOPMENT AGREEMENTS.

BACK THEN, THE CITY ATTORNEY'S OFFICE WAS REPRESENTING THE DHBC AND BECAUSE OF THE SEQUENCE THAT WE NEEDED TO GET SIGNATURES, THE CITY ATTORNEY'S OFFICE AND THE CITY MANAGER'S OFFICE HAD TO SIGN OFF AND THEY WERE ALWAYS THE LAST ONES TO SIGN.

SO WE HAD DEVELOPERS COME IN AND SIGN THE DEVELOPMENT AGREEMENTS FIRST, THEN WE ROUTED FOR SIGNATURES AND EVENTUALLY THE CITY, THE CITY ATTORNEY AND THE CITY MANAGER'S OFFICE WOULD SIGN OFF ON IT.

THEN WE'D HAVE THE DEVELOPERS COME BACK IN, DO THE DEVELOPMENT AGREEMENTS AND AGAIN, THEY'D SIGN ON FIRST AND THEN THE PRESIDENT WOULD SIGN THAT.

UM, THAT WAS STILL THE PROCESS WHEN WE DID THIS, THIS PARTICULAR, UM, THIS PARTICULAR AGREEMENT AND THIS, IT'S TIME DUE TO SOME OF IT DUE TO STAFF AND TITLE COMPANY ISSUES WITH CLEAR LIENS.

UM, BUT SOME OF IT, SOME OF THE TIME THAT WE TOOK FROM THE TIME THAT THE DEVELOPER INITIALLY SIGNED THE DEVELOPMENT OF, I MEAN NOT THE DEVELOP INITIALLY SIGNED THE, UH, DEEDS WHICH TRANSFERRED THE PROPERTY, WHICH IS THE DATE THAT THE PROPERTY OFFICIALLY TRANSFERS FOR TAX CREDIT AND THE TIME THAT HE ACTUALLY FUNDED AND CLOSED AT THE TITLE THAT WENT FROM, I WANNA SAY APRIL.

NOVEMBER.

AND WE'VE DONE A LOT OF RESEARCH ON COMMUNICATIONS.

I REMEMBER VAGUELY, I DON'T REMEMBER THIS, THIS, THIS VIVID, BUT I DO REMEMBER THAT THERE WAS A PERIOD OF TIME WHERE WE WERE WONDERING, STAFF WAS WONDERING WHY THIS PROPERTY WASN'T CLOSING.

WE WERE FOLLOWING UP WITH THE DEVELOPER FOLLOWING UP WITH THE TITLE COMPANY AND WE NEVER REALLY, WE NEVER REALLY GOT AN ANSWER.

WE HAD ENOUGH OTHER STUFF GOING ON AT THE TIME THAT WE DIDN'T, IT WASN'T, UM, AT THE TOP OF OUR PRIOR LIST.

SO IT EVENTUALLY CLOSED IN NOVEMBER, LIKE IT FUNDED AND CLOSED AT THE TITLE COMPANY IN NOVEMBER.

WELL, THE TAXES ACCUMULATED FROM THE TIME THAT THE DEVELOPER SIGNED, INITIALLY SIGNED THE DEVELOPMENT GRID AND THE BOARD PRESIDENT SIGNED, SO THE DEVELOPER GOT HIT WITH THE TAX BILL FOR THAT PERIOD.

HE'S ASKING US TO DO A CORRECTION, BE, UM, BACK WHEN IT ACTUALLY FUNDED IN NOVEMBER.

THERE'S A COUPLE OF ISSUES.

ONE BEING THAT I THINK THAT A GOOD PORTION OF THIS BASED ON OUR TIMELINE WAS PROBABLY BECAUSE OF THE DEVELOPER WAS NOT LIKE WE WERE READY TO CLOSE THE DEVELOPER WORKS.

SO THERE'S BETTER ISSUE.

I DON'T, I DON'T KNOW WHAT HIS PARTICULAR CIRCUMSTANCES WERE, BUT I KNOW THERE WAS A TIME WHEN WE WERE FOLLOWING UP LIKE DECEMBER CLOSE, THE TITLE COMPANY TOLD THERE WERE, WE FOLLOWED UP A COUPLE OF MORE TIMES.

THE TIMELINE IS IN THE PACKET.

UM, BUT NOW THE DEVELOPER HAS OF THE TRANSFER.

UM, I'VE GOT QUESTIONS ABOUT THE TIMELINE, BUT I'LL, I'LL .

OKAY, SO, OKAY, SO MY, MY INITIAL TIMELINE HERE, WHEN DID WE SELL THE PROPERTIES TO THE DELTA? JANUARY 14TH.

SO JAN.

JANUARY 14TH.

SO HERE ON THE FEBRUARY 11TH, 11TH 2025 UPDATE, IT SAYS THE PUBLIC TITLE REPORTED THAT IT HAD NOT RECEIVED AS THE LEASES REQUIRED FOR THE FIVE PROPERTIES.

WHO DO THOSE RELEASES COME FROM? THAT COMES FROM, THAT COMES FROM THE CITY.

SO THAT, THAT'S ON US.

ON MARCH 20TH, 2025, REPUBLIC TITLE REPORTED THAT TAXES HAD BEEN CLEARED AND IT WAS AWAITING UPDATED PAYOFF OR LIEN INFORMATION.

WHO DOES THAT COME FROM? THAT COMES FROM THE CITY.

OKAY, SO THAT'S ON APRIL 16TH REPUBLIC PILOT UPDATED STATUS OF .

IS THAT THAT THAT'S THE, OKAY, SO IT WAS IN APRIL, TOLD IN JANUARY WE'RE THE CAUSE OF THE DELAY UP UNTIL APRIL.

AT THIS POINT, JULY 10TH, THE, THE DEVELOPER ADVISED STAFF THAT HE DID NOT BELIEVE TITLE WAS WRITTEN, STAFF FOLLOWED OTHER WITH, WITH REPUBLIC TITLE REGARDING STATUS.

WHAT IS REPUBLIC TRIALS ON THAT CALL? WERE THEY STILL AWAITING SOMETHING FROM DALLAS OR HAD ALL DALLAS ISSUES BEEN SAID? YES, I WAS NOT ABLE TO DETERMINE THAT FROM LOOKING AT THE MATERIAL THAT I WAS DONE.

SO AUGUST 11TH REPUBLIC TITLE ADVISED THAT THE DEVELOPER WAS MOVING FORWARD AND THAT IT WOULD PREPARE THE SETTLEMENT STATEMENT.

SO I'M ASSUMING

[00:30:01]

BY AUGUST WE WERE GOOD.

I'M SURE THAT BY AUGUST, BY AUGUST WE WERE READY TO CLOSE.

THE TITLE COMPANY IS REACHING OUT FOR DEVELOPERS SAYING WE'RE READY TO CLOSE.

SITUATION BASED ON THE TIMELINE.

AND SO FROM JANUARY TO AUGUST, THAT'S SEVEN MONTHS.

AUGUST TO NOVEMBER, THAT'S THREE MONTHS.

SO THE CITY HAD THE LION SHARE OF THE RESPONSIBILITY AND THE DELAY FROM WHAT I CAN SEE FROM THE TIMELINE HE PROVIDED.

AND SO I JUST, I PROVIDE THAT FOR CONTENT WHAT THE REST OF YOU ARE THINKING.

BUT YEAH, NO, I GUESS MY QUESTION IS, WHEN THE CITY AND THE DEVELOPER SIGNED THE AGREEMENT, OBVIOUSLY HADN'T MADE, AGAIN, ANYTHING THAT FILED TAX THAT INCURRED UNTIL THE PROPERTY HAS SHOULD GO PROPOSED.

TECHNICALLY WHAT HAPPENED IN THIS CASE, IT, THE DEVELOPER SIGNED THE DEVELOPMENT AGREEMENT, THEN THE DEEDS WERE DRAFTED, THEN THE DEVELOPER AND THE PRESIDENT OF D-H-A-B-C EXECUTED THE DEEDS THAT WAS DONE IN JANUARY, ACCORDING TO THE LAW, THAT'S WHEN TITLE TRANSFERRED.

WHEN BOTH PARTIES SIGNED THE DEED.

NORMALLY THAT HAPPENS AT CLOSING, BUT IN THIS CASE THINGS ARE DIFFERENT.

SO, AND THAT DOESN'T HAPPEN IN THAT WAY ANYMORE.

IT DOESN'T HAPPEN THAT WAY ANYMORE.

THIS WAS UNDER THE PREVIOUS ADMINISTRATION.

THIS IS DONE UNDER THE COUNTY.

WE'VE CHANGED THAT PROCEDURE.

THE PRESIDENT SIGNS IT GOES TO CLOSING, THE DEVELOPER DOES NOT SIGN, BUILT ALL THE LIENS OF RELEASE, EVERYTHING IS CLEARED AND IT'S READY TO GO.

WE CHANGED THAT.

SO THIS PROBLEM HAS BEEN CORRECTED, BUT THIS IS A HOLDOVER, THIS IS WHAT WAS DONE IN THE PAST.

CAN'T CHANGE THAT.

SO WE JUST HAVE TO FIGURE OUT IF YOU WANT TO CORRECT.

THANK YOU JENNIFER.

YOU'RE RECOGNIZ THAT, UM, THE OUTSTANDING TAXES AT CLOSING, UM, WE WE MAY BE $10,000 AND IF WE, IF WE DO CORRECTIONS FEES, JENNIFER, WOULD WE BE RESPONSIBLE FOR THOSE TAXES AND WE WOULD HAVE TO PAY WE DON'T PAY TAXES.

WE DON'T PAY.

WELL, THAT'S WHAT I WAS GOING TO TELL YOU.

LIKE CHANGING, EVEN IF THE BOARD DOESN'T CORRECTION BE, IT DOESN'T NECESSARILY CHANGE WHAT THE COUNTY'S POSITION WILL BE WITH REGARDS TO THE TAX THAT VOTE AND THERE MAY BE SOME THIRD PARTY THAT WE ARE NOT AWARE OF.

I DON'T KNOW.

THAT'S WHAT I'M SAYING.

WE, I I CAN'T CONTROL WHAT THE TAX, WE CAN CORRECTION FEE, BUT THAT DOESN'T GUARANTEE WE DO A CORRECTION DEED AND WE SAY, ALL RIGHT, YOU'RE NOT RESPONSIBLE FOR A TAX.

YOU BUILD A HOUSE AND THEN YOU TRY TO SELL IT AND THEN THE TAXES COME BACK.

AND SO YOU STILL OWE THESE TAXES.

IT DOESN'T GO AWAY.

SO WHAT ARE WE TALKING ABOUT? WHAT DOES A CORRECTION, THE CONCRETE? WELL, WELL, PI BASICALLY SAID, AND I AGREE WITH YOU IN TERMS OF YOUR, UM, CALCULATIONS, HOWEVER, WHATEVER JUST CORRECTION, HOWEVER, STILL RESPONSIBLE TAXES, COMMISSIONER PRICE OF YOU IN A POSITION WHERE YOU'D BE WILLING TO TO, TO EXEMPT US FROM THAT DELINQUENT BALANCE FORM.

I CAN EXEMPT, LIKE YOU SAID, SITTING FAIL ANYWAYS, IT, IT'S, THE DEVELOPER IS GOING ISSUE AND, AND PROPERTY, UH, GOD'S WHAT HE OR SHE NEVER GIVE MATTERS NOW IS GOING TO FOLLOW PROBLEM.

SO, BUT I ALL THESE ASK HE OR SHE'S ASKING FOR AS A , YOU NEED, I, YOU KNOW, NEED TO WORK , WE SHOULD TELL THEM JACKSON, YOU AND, AND LET ME THE THREE OPTIONS THAT I GAVE THE BOARD, UM, AND THE BOARD CAN DO IT OBVIOUSLY WHATEVER IT LIKE TO NUMBER ONE IS TO DIRECT LEGAL.

WE'RE JUST LOOKING AT THIS FURTHER AND COME BACK WITH THE RECOMMENDATION BECAUSE I'M NOT EVEN SURE THAT WE, BASED ON WHAT THE CIRCUMSTANCES OF WHICH YOU CAN DO A CORRECTION BE THAT WE CAN DO A CORRECTION, BE UNDER THIS, WANT LEGAL TO, TO OFFER AN OPINION ON THAT.

UM, YOU CAN CERTAINLY DECLINE THE REQUEST OR YOU CAN JUST REQUEST ADDITIONAL INFORMATION.

BUT I DON'T THINK, UM, AT, AT THIS POINT JUST AN OPINION.

I DON'T THINK IT'S TO TO DIRECT LEGAL TO DO A CORRECTION MEETING BECAUSE I'M NOT SURE THAT A CORRECTION IS APPROPRIATE IN THIS

[00:35:01]

I MEAN IT LOOKS LIKE WE HAVE ALL, WE HAVE SOME I DON'T DISAGREE WITH YOU.

I JUST DON'T KNOW IF THAT, I DON'T KNOW IF THAT'S, IF THAT TIMELINE COVERS THE CIRCUMSTANCES BY WHICH A CORRECTION D CAN BE I GOT CAN LEGALLY BE I GOT YOU CAN CAN LEGALLY BE DONE THEN THE ISSUE IS WHAT'S THE DATE OF THE ION? IS IT WHEN THE TITLE COMPANY WAS READY TO CLOSE? IF HE WAS IT RIGHT OR WAS IS IT WHICH HE ACTUALLY CLOSE? I WAS GONNA SAY UP TO THE LATEST POINT OF OUR DELAYS THAT WE HAVE WITH SELECTING , BUT IF TAXES DON'T GO AWAY, WHAT EFFECTIVELY ARE WE ACCOMPLISHED? AND I CAN'T ANSWER THAT RIGHT NOW 'CAUSE I DON'T KNOW.

HAS, HAS DEVELOPER STARTED VERTICAL ? HAS HE STARTED KAREN? HAS KEL STARTED? WELL, I DON'T KNOW.

IT IS.

ONCE IT GETS PASSED FOR APPROVAL, I DON'T FOLLOW IT.

SO A COUPLE QUESTIONS.

UM, YOU HAVE, BY THE LEGALITY OF THE LAW, WHEN THE DOCUMENTS ARE SIGNED, THE DEVELOPER, IT TAKES OWNERSHIP AND WHILE THERE WAS SOME DELAYS WITH THE CITY PROCESS, IT DOESN'T, DOES NOT APPEAR IN THIS TIMELINE.

THE DOCUMENT, THE DEVELOPER WAS READY, EVEN IF WE HAD THE PREPARED AND READY FOR CLOSING, IT SOUNDS LIKE THEY DID INTEND TO HAVE SOME DELAYS EVEN AFTER THINGS WERE COMPLETED AND IT TOOK THEM IN UNTIL SEPTEMBER.

AND SO I HAVE TO QUESTION, WAS THE DEVELOPER EVEN READY AT THE TIME WHEN THEY SIGNED IT? UM, AND THEN, UH, IT'S ABOUT $2,000 A LOT.

THERE'S FIVE LOTS.

SO TO 10,000 TOTAL, 2000.

SO WHAT PRICE POINTS ARE YOU THAT AND IS THE DEVELOPER EXPRESSING, UH, BECAUSE THESE ARE 20, 24 PRICING, DID THAT GET UPDATED, UH, WITH THE NEW SALES PRICE AGREEMENTS? AND IS THAT 2000 GONNA BREAK THAT DEAL? OR HOW MUCH PROFIT IS LOST IN COVERING THAT COSTCO? I WANT SO THAT, THAT'S WHAT I WOULD NEED TO KNOW IS LIKE, LIKE OUR LAST ONE, YOU KNOW, WE'RE NEGOTIATING A, A SALES PRICE LOCKED DOWN AND INCREASING THE SALES PRICE TO ACCOMMODATE ABILITY.

WE DON'T HAVE THAT ON THIS TO UNDERSTAND, UM, WHAT THIS WOULD ACTUALLY DO.

WHAT, WHAT IF THEY'RE ALREADY IN THEIR CONSTRUCTION? I HAVE TO PRESUME THAT THE DEVELOPER IS PROCEEDING WITH THE SALES PRICE AGREEMENT AND THEY BELIEVE THEY'RE GONNA COVER A COST MAKE PROFIT, OTHERWISE THEY'D BE COMPLAINING ABOUT NOT GOING.

SO THAT'S MY CURRENT ACCOUNT.

DOES THAT ANSWER YOUR QUESTION? I'M PRETTY SURE THAT THE SALES PRICES WERE ONE 60% BELOW AT 11,000 503 61 TO EIGHTIES AT 61 TO 80 AND 180 1, 1 15 AT, UM, AT 20,500.

I'M PRETTY SURE THAT THAT, THAT AT THE BOTTOM, THAT'S GENERALLY WHAT WE DID.

BUT, UM, AND TO YOUR POINT, WE AS STAFF THAT THE DEVELOPER MAY HAVE BEEN HAVING TROUBLE COMING UP WITH THE MONEY TO CLOSE THESE.

THAT'S WHY WE THOUGHT CLOSING BEING DELAYED, I DON'T KNOW THAT.

'CAUSE WE WERE FOLLOWING UP WITH THE DEVELOPER LIKE, WHEN ARE YOU GONNA CLOSE THIS? WHEN ARE YOU GONNA CLOSE THIS? AND HIS RESPONSE TO US WAS ALWAYS LIKE, OH, WE'RE WE'LL CLOSE IT, WE'RE WORKING ON, SO WE ALWAYS THOUGHT THERE WAS SOMETHING WITH FUNDING EVEN THOUGH THAT WAS NEVER SAID TO US.

IANS DEVELOPERS WORK WITH THE PROGRAM A LOT.

WE, THERE WAS SOME LEEWAY, UM, GIVEN AS FAR AS, YOU KNOW, WE FOLLOWING UP BUT WE NEVER, AND I SAID WE HAD A, WE HAD A, SOME OTHER THINGS THAT WERE HIGHER ON PRIORITY SCALE.

SO WE DIDN'T INSIST THAT WE DIDN'T PUSH THIS QUOTE.

SO MR. PRESIDENT ASKED BASICALLY GUIDE RATHER TO DIRECT FURTHER LEGAL REVIEW AND TITLE REVIEW THE CLIENT HAS OR THIS REQUEST ADDITIONAL INFORMING LEGAL REVIEW, ESTABLISHMENT AND .

OKAY, , I'D LIKE TO MAKE A POINT THAT WE'RE READY TO CLOSE.

HITTING CLOSE.

SO I THINK BURDEN, WELL, SO I'D GO BACK TO HIM.

TELL HIM THAT CLOSE.

IT'S HIS PROBLEM.

WELL IT LOOKS LIKE WE SIGNED AND SOLD AND WE DIDN'T ACTUALLY COMPLETE OUR PROCESSES OF RELEASING EVERYTHING UNTIL AUGUST.

JUST THE MATTER

[00:40:01]

HE DIDN'T CLOSE.

NO, THAT'S THE, OKAY.

UM, DEFINITELY DEVELOP .

I CAN AGREE ON BOTH SIDES BECAUSE RESPONSIBILITY.

RESPONSIBILITY.

I DON'T KNOW WHY THEY'RE NOT WILLING ON SOMETHING.

THEY'LL GET TRANSFERRED.

UM, I WOULD LIKE TO HAVE A LITTLE BIT MONEY.

I DON'T THINK LIKE THAT.

SO LIKE THE DEVELOPMENT UNDER THE ASSUMPTION THAT TAXES WOULD NOT BE INCURRED PROPOSED.

SO BECAUSE WE ARE GOVERNMENT AGENCY PAY.

SO IS THAT A WAITING FOR HIM TO DELAY'S POSSIBLE SO HE DOESN'T HAVE TO PAY? IF THAT IS THE CASE, DEFINITELY .

YEAH, THE KIND OF THING HE THOUGHT THAT HE DIDN'T CLOSE UNTIL NOVEMBER.

HE WOULD ONLY BE RESPONSIBLE FOR NOVEMBER, DECEMBER.

DECEMBER.

AND AFTER THAT NOT LIKE, I MEAN I CAN'T ASSUME THAT, BUT MOST PEOPLE THINK TITLE DOESN'T TRANSFER INTO CLOTHING.

MOST PEOPLE DON'T REALIZE TRANSFERS WHEN BOTH PART SOMETHING WHICH WAS DONE IN JANUARY.

AND I THINK THAT'S WHEN HE REALIZED THAT THAT'S WHEN HE BECAME UPSET WHEN I TOLD HIM THAT TITLE TRANSFERRED TO JANUARY VERSUS NOVEMBER.

OH, HE HE'S CALLED ME.

YEAH, HE EMAILED ME.

HE CALLED ME, HE EMAILED ME THIS WEEK.

UM, I'M, I'M WHETHER SOMETHING TOTALLY DIFFERENT, BUT LEGAL AND LEGAL'S ALREADY BEEN DOWN, BRO.

I WASN'T AWARE OF IT.

IT'S NOT MY DECISION AND I EXPLAINED IT TO HIM.

IT'S NOT MY DECISION.

I JUST TOLD HIM THE LAW AND HE ASKED ME TO DO THE CORRECTION DATA AND I TOLD HIM THAT'S NOT ONE SINCE IT'S JUST A BRIEFING ITEM, NOT DECIDE AND WE DON'T HAVE A VOTE.

I MEAN IF I KNOW, I, I THINK IF BRING IT BACK AS AN ACTION ITEM, WE CAN VOTE ON THE, UH, ON THE RECOMMENDATION THAT WE WANT TO GIVE.

SO TODAY INFORMATIONAL TO US AND YOU KNOW, I THINK THE BOARD INITIALLY WAS MAKING CONSIDER AN ADDITIONAL LEGAL REVIEW AND FOR YOU TO BRING BACK RECOMMENDATIONS.

NOW IT SEEMS LIKE THE POLICE HAVE COMMISSIONER PRICE MOVING IN DIRECTION, FIND A REQUEST.

I KNOW RANDY, I FEEL LIKE IS THERE AS WELL, POTENTIALLY EVEN EMILY.

I AGREE.

I I WOULD JUST LIKE TO SAY GIVEN GIVEN THE MONTH, I'D LIKE TO SAY COME BACK, BUT IN THAT MONTH WE HAD SOME QUESTIONS THAT THEY COULD BE CONFIRMED AND DOCUMENTED IN THE, IN THE BRIEFING ITEM, DON, FOR NEXT FUND TO SOME OF THE POINTS.

WAIT, SALES PRICE AND WHAT ELSE? UH, CURRENT, CURRENT STATUS.

YOU SAID SOME WERE ARTICLE, MAYBE SOME WERE NOT CURRENT STATUS OF MOVING.

THAT'S CORRECT.

UM, AND THEN , I THINK THAT WOULD FAIR.

SO GUY, DO YOU HAVE A CORRECTION? CORRECTION THAT CAME FROM HIM? YES.

SO IF IT CAME FROM HIM, WE'RE ASSUMING THAT HE UNDERSTAND, YOU KNOW, THE LEGAL RAMIFICATIONS OF, OF GETTING THE CORRECTION BECAUSE WE WE'RE NOT PROVIDED LEGAL ADVICE WE DISCUSS HERE THAT DOESN'T NECESSARILY FIT THE PROBLEM.

DO YOU UNDERSTAND THAT? I DON'T KNOW.

I DON'T, MAYBE WE NEED TO TELL HIM, WE NEED TO, YOU KNOW, FIGURE OUT WHETHER TO CORRECT MEETING YOU.

THAT'S EXACTLY, THAT'S NOT RESPONSE.

YEAH, LET'S MOVE ON.

ALRIGHT, LET'S MOVE ON.

ALRIGHT, YOU GOOD? JENNIFER, YOU GOT TRYING TO MARCH AN ORDER SO TO SPEAK? YES.

WE'LL COME BACK WITH, UM, REVIEW OF THE SALES PRICE, FOR INSTANCE OF BUILDING ON LOSS.

ANYTHING ELSE? ANYTHING ELSE, JUAN, FOR THAT REVIEW FOR US TO MAKE OUR DETERMINATION NEXT TIME? EVERYBODY.

IT OKAY Y'ALL, I WANNA ALLOW, UH, TYRONE, UH, FIVE MINUTES OF PERSONAL PRIVILEGE, UH, TO, TO ADDRESS THE BOARD COMPLETE TO THE MINUTES AND THEN WE'LL, WE'LL ADJOURN.

WE NEED TO READ THE MINUTES, MINUTES BETTER.

LEGAL IS SAYING WE GOTTA TAKE THE VOTE ON THE MINUTES AGAIN BECAUSE IT WASN'T, I MEAN, WE, IT WAS RECORDED BUT, UH, THERE WAS NO MINUTES.

WE DON'T, WE DON'T APPROVE WHAT, OKAY.

CONSIDERATION AS A MINUTE AS AN ACTION ITEM.

SO YOU'RE SAYING WE NEED TO DO THAT AGAIN? YES.

THIS ONE? MM-HMM .

SECOND FOR COMMISSIONER PRICE.

I I NEED, I'M SORRY.

[00:45:02]

YEAH, NOT THE RECORDED.

IT WAS, IT WAS RECORDED, BUT YEAH, THE AUDIO MM-HMM .

I THINK SECOND.

MOVE APPROVAL OF THE MINUTES.

RANDY SECONDED.

APPROVAL OF DEFENDANTS.

OKAY, NOW I WANNA RECOGNIZE TYRONE FOR FIVE MINUTES OF PERSONAL SINCE FIVE MINUTES.

ALL THE RAPPERS OF OKAY.

THANK, THANK YOU CHRIS.

UM, I JUST WANTED TO LET YOU KNOW THIS IS GONNA BE MY LAST LAND BANK BOARD MEETING.

UM, MY POSITION IS BEING ELIMINATED WITH THE CITY, WITH THE CITY LAYOFFS AND MY LAST DAY WITH THE CITY WILL BE SEPTEMBER THE 13TH AND I'M SCHEDULED NEXT MONTH, SO I WILL NOT BE ABLE TO GET NEXT MONTH.

MY UNDERSTANDING IS THE LAND BANK IS, WILL TRANSFER TO THE HOUSING DEPARTMENTS AND THE REST OF THE LAND BANK TEAM TO BE TRANSFERRED TO THE HOUSING DEPARTMENT, BUT THIS POSITION WILL BE ELECTED.

SO I JUST WANTED TO SAY SINCE THIS, THAT IT'S REALLY BEEN A PRIVILEGE TO WORK WITH THIS.

THANK YOU GUYS FOR THE SUPPORT THAT YOU'VE GIVEN ME IN THE THREE YEARS THAT I'VE BEEN HERE.

AND EMPHASIZE THAT I'M REALLY PROUD OF THE THINGS THAT WE, WHEN I CAME HERE TO 14 FOR 24 MONTHS TO GET A DEVELOPER THROUGH ONE PROJECT, WE CUT THAT DOWN FROM TO THREE TO SIX MONTHS.

AND ONE OF THE BIGGEST REASONS WAS THE DECISION THAT YOU MADE TO ALLOW US TO BRING IN THE DEPART OF WEALTH, UM, THE SPEARHEAD OF THAT.

BUT THAT WAS A BOARD DECISION AND HAVING THEM MADE ALL THE DIFFERENCE IN THE WORLD AND, AND HOW BAD YOU ARE AND, AND GET PROJECTS DONE.

WE'VE HAD DEVELOPERS THAT HAVE COME IN TWICE IN, IN 14 MONTHS NOW.

AND, AND THAT'S SOMETHING THAT WE NORMALLY DONE BEFORE.

UH, THE, THE DATA MANAGEMENT AND THE WEBSITE WITH THE BOARD DECISION .

OUR DATA IS JUST NIGHT AND DAY FROM WHERE, UM, WE HAVE A STANDALONE WEBSITE NOW, DALLAS LAND BANK.COM THAT WE DIDN'T HAVE BEFORE.

AND I'M, I'M REALLY PROUD OF THAT.

AND DEVELOPERS CAN DO ONLINE APPLICATIONS.

THEY CAN GET INFORMATION ABOUT PROPERTY ONLINE.

WHEN WE GOT THREE YEARS HERE, THREE YEARS AGO, WE HAD MONEY BANK.

I WENT TO THE LAND BANK CONFERENCE AND WHEN THEY WERE PUTTING UP THE DIFFERENT WEBSITES FROM LAND AROUND THE COUNTRY, I WAS EMBARRASSED AFTER THAT, THAT THAT WON'T HAPPEN WITH THE WEBSITE THAT WE HAVE NOW.

UM, A LOCAL AGREEMENT.

I KNOW ORLANDO'S PROBABLY HAPPY HE DIDN'T HAVE TO GO BACK TO HIS BOARD THIS YEAR TO GET ANOTHER IN THE LOCAL AGREEMENT SIGNED.

UH, WE HADN'T HAD ONE SIGNED BY EVERYBODY SINCE 2019 AND NOW WE HAVE ONE NEXT BID BEFORE FOR FOUR MORE YEARS.

SO THAT'S SOMETHING THAT WE'VE AC ACCOMPLISHED.

THE THING THAT THAT, THAT I'M MOST PROUD OF IS THAT SINCE WE'VE BEEN HERE, 31 FAMILIES HAVE MOVED DOWN AFFORDABLE HOMES AND VALUES BOTH YEAR PERIOD.

AND THIS BOARD HAS APPROVED 50 MORE, APPROXIMATELY 50 MORE LINES TO BE BUILT.

SO THAT'S 80 FAMILIES IN THIS THREE YEAR PERIOD WHOSE LIVES WE'VE IMPACTED.

AND I THINK THAT'S, THAT'S WHAT THIS BOARD IS ABOUT.

UH, I GENUINELY ENJOYED THIS WORK AND I HOPE YOU THAT I'LL MAKE A REFERENCE TO ONE OF MY FAVORITE SINGLES.

ANITA BAKER.

I I GAVE YOU THE BEST THAT I HAVE.

I STILL HAVE WORK TO DO BEFORE THE END OF THE YEAR.

I'M WORKING ON GETTING THE AUDIT DONE, GETTING IT COMPLETED WITH CAROLINA AND, BUT LOGAN, UM, AND MY GOAL IS TO HAVE ANOTHER CLEAN AUDIT.

THE WON'T HAVE ANY ISSUES THERE AND MAKE SURE THE TRANSITION IS AS SMOOTH AS POSSIBLE.

UM, UH, I WISH SUCCESS, THE WORK THAT YOU DO HERE IN THIS RUN IS IMPORTANT.

IT, IT, IT IMPACTS AND AFFORDABLE HOUSING IS IMPORTANT, BUT DALLAS, AND LIKE I SAID, I HAVE NO DOUBT THAT THIS POSITION, THAT THIS BOARD AND THIS PROGRAM IS IN A STRONGER POSITION, UM, THAN IT WAS WHEN I SECOND.

AND FOR THAT, I THANK YOU GUYS.

I THINK WE WOULD SUPPORT AND I WISH YOU NOTHING BUT THE BEST.

, UM, OLD BLACK CHURCH SAID US OUT DOG AND BOUGHT US AND TOOK THE, AND THAT'S THAT'S TRUE ABOUT WE WAS UP THE, MY POINT IS THAT THANK YOU.

, THE LAND DAY SEEN, BUT IT'S, UH, OFFERED BY SOMETIMES TYRONE.

I WANT SAY THANK, UH, I, OTHER THAN ME AND , WE, WE WE'RE THE ONLY PEOPLE KIND OF EXCEPT AND WE'VE SEEN A GREAT

[00:50:02]

THANK YOU FOR YOUR SERVICE AND THANK YOU FOR YOUR GUIDANCE CUT YOU PAST THIS ONE.

I AGREE BROTHER.