May 14, 2025 Special Town Council Archive

[A. CALL TO ORDER]

[00:00:07]

GOOD EVENING. FLOWER MOUND. THE TIME IS 6PM AND WE ARE CONVENING IN OUR TOWN COUNCIL SPECIAL MEETING THIS DATE ON MAY 14TH, 2025 AND WE WILL CALL JERRY SPIIT UP HERE TO OUR CHAPLAIN TO COME AND SAY THE INVOCATION, AND WE WILL STAND FOR THAT AND THEN REMAIN STANDING FOR THE PLEDGE OF ALLEGIANCE.

THANK YOU. WOULD YOU BOW WITH ME AS WE PRAY? FATHER, WE GIVE YOU THANKS FOR THIS DAY THAT YOU HAVE GIVEN US, AND WE THANK YOU FOR ALLOWING US TO LIVE IN A BEAUTIFUL PLACE AND WE THANK YOU FOR THOSE WHO SERVE DAILY IN THE TOWN AND WE THANK YOU FOR THOSE ON THE TOWN COUNCIL THAT YOU HAVE CHOSEN TO SERVE DURING THIS TIME, AND FOR THEIR WILLINGNESS TO GIVE OF THEIR TIME AND THEIR EFFORTS AND THEIR EXPERTISE, AND WE JUST PRAY FOR THIS COUNCIL THAT YOU WOULD GIVE THEM WISDOM.

WE BELIEVE THAT YOU ARE A GOD WHO ENJOYS GIVING WISDOM TO ALL OF US THAT WE DESPERATELY NEED AND SO WE COMMIT THEM TO YOU AND ASK FOR THE DECISIONS THAT ARE TO BE MADE IN THE FUTURE, THAT YOU WOULD GUIDE THEM AND ASK THAT THEY WOULD HAVE THE WISDOM THAT WOULD COME FROM YOU AS THEY SERVE THE PEOPLE HERE AND WE THANK YOU FOR THAT. IN YOUR NAME, AMEN.

TEXAS PLEDGE] .

[D. PUBLIC COMMENT]

IS THAT THE ONLY ONE WE HAVE. THAT'S THE ONLY ONE.

ALL RIGHT SCOTT. COME ON. COME ON UP. SO PUBLIC COMMENT WILL BE STARTED WITH SCOTT IF YOU'LL JUST SAY YOUR NAME AND ADDRESS.

SCOTT LANGLEY, 800 CARTER COURT. I JUST WANT TO SAY CONGRATULATIONS TO COUNCIL MEMBER ADAM SCHIESTEL, BRIAN TAYLOR ON RUNNING UNOPPOSED. AND JUST GIVE YOURSELVES A PAT ON THE BACK AND I DO WANT TO THANK YOU FOR YOUR PAST WORK AND YOUR WORK IN ADVANCE THE NEXT FEW YEARS. I ALSO WANT TO THANK IMMENSELY COUNCIL MEMBERS ADAM SCHIESTEL AND COUNCILMEMBER ANNE MARTIN AND MAYOR CHERYL MOORE FOR GOING DOWN TO AUSTIN TO GIVE OUR TOWN SOME REPRESENTATION ON SOME MATTERS THAT YOU'VE SPENT A LOT OF YOUR TIME ON. I REALLY APPRECIATE THAT. I THINK A LOT OF PEOPLE DO AND I THINK YOU SHOULD HEAR IT.

THANK YOU SO MUCH. THANK YOU. ALL RIGHT. NO MORE PUBLIC COMMENT. IS THERE ANYONE IN THE CROWD THAT WANTS TO COME UP AND MAKE A PUBLIC COMMENT BEFORE WE MOVE ON? OKAY. NO MORE. ALL RIGHT. WE'RE GOING TO MOVE ON TO CONSENT ITEMS.

[E. CONSENT ITEM(S)]

THESE ARE THE ONLY TWO. DOES ANYONE WANT TO ENTERTAIN A MOTION? I MOVE TO APPROVE CONSENT ITEMS AS WRITTEN. SECOND.

OKAY, THERESA. IF YOU'LL SAY THE ROLL.

CONSENT ITEMS PASSED BY UNANIMOUS VOTE AND MOVING ON.

[F. ADMINISTER OATH OF OFFICE FOR REELECTED OFFICIALS; ISSUE CERTIFICATES OF ELECTION]

THIS IS FUN. WE GET TO ADMINISTER THE OATH OF OFFICE FOR ADAM SCHIESTEL AND BRIAN TAYLOR.

SO, THERESA. I GUESS YOU GUYS CAN COME ON DOWN . [INAUDIBLE]. TESS AND COUNCIL MEMBER SCHIESTEL FAMILY. IF YOU WOULD JOIN HIM.

[INAUDIBLE].

WE HAVE A NOISE WE'RE TRYING TO FIGURE OUT THE SOURCE OF.

[00:05:13]

I, ADAM SCHIESTEL, DO SOLEMNLY SWEAR. DO SOLEMNLY SWEAR THAT I WILL FAITHFULLY EXECUTE THE DUTIES THAT I WILL FAITHFULLY EXECUTE THE DUTIES OF THE OFFICE OF COUNCILMEMBER PLACE ONE OF THE OFFICE OF COUNCILMEMBER PLACE ONE OF THE TOWN OF FLOWER MOUND, TEXAS, OF THE TOWN OF FLOWER MOUND, TEXAS. AND WILL TO THE BEST OF MY ABILITY AND WILL TO THE BEST OF MY ABILITY, PRESERVE, PROTECT AND DEFEND, PRESERVE, PROTECT AND DEFEND THE CONSTITUTION AND LAWS OF THE UNITED STATES, THE CONSTITUTION AND LAWS OF THE UNITED STATES, AND OF THIS STATE, AND OF THIS STATE, AND OF THE CHARTER AND ORDINANCES, AND OF THE CHARTER AND ORDINANCES OF THIS TOWN.

SO HELP ME GOD. OF THIS TOWN. SO HELP ME GOD.

CONGRATULATIONS. THANK YOU VERY MUCH.

AND AT THIS TIME, MAYOR MOORE IS ISSUING THE CERTIFICATE OF ELECTION TO PER STATE LAW.

[INAUDIBLE].

TEST.

I SHOULD HAVE ASKED IF YOU WANT A CHANCE TO INTRODUCE YOUR FAMILY. SORRY, I DIDN'T THINK TO DO THAT. ADAM, IF YOU WANT TO INTRODUCE YOUR FAMILY, I WILL ABSOLUTELY TAKE THAT OPPORTUNITY. THIS IS MY LOVELY AND MUCH BETTER HALF MY LOVELY WIFE AND MUCH BETTER HALF CHRISTINE.

MY WONDERFUL DAUGHTER, CLAIRE. MY FANTASTIC SON, PATRICK.

SO THANK YOU ALL FOR BEING HERE. OKAY. AND JUST RAISE YOUR RIGHT HAND AND REPEAT AFTER ME.

I STATE YOUR NAME. I, BRIAN TAYLOR, DO SOLEMNLY SWEAR.

DO SOLEMNLY SWEAR THAT I WILL FAITHFULLY EXECUTE THE DUTIES THAT I WILL FAITHFULLY EXECUTE THE DUTIES OF THE OFFICE OF COUNCILMEMBER PLACE 3 OF THE OFFICE OF FLOWER OF COUNCILMEMBER PLACE THREE OF THE TOWN OF FLOWER MOUND, TEXAS, OF THE TOWN OF FLOWER MOUND, TEXAS AND WILL TO THE BEST OF MY ABILITY AND WILL TO THE BEST OF MY ABILITY, PRESERVE, PROTECT AND DEFEND, PRESERVE, PROTECT AND DEFEND THE CONSTITUTION AND LAWS OF THE UNITED STATES, THE CONSTITUTION AND LAWS OF THE UNITED STATES, AND OF THIS STATE, AND OF THIS STATE, AND OF THE CHARTER AND ORDINANCES, AND OF THE CHARTER AND ORDINANCES OF THIS TOWN.

SO HELP ME GOD. OF THIS TOWN, SO HELP ME GOD.

CONGRATULATIONS.

[INAUDIBLE]. ALL RIGHT. SO

[G. REMARKS FROM COUNCILMEMBERS ADAM SCHIESTEL AND BRIAN TAYLOR]

FIRST. I JUST WANT TO SAY TO CONGRATULATIONS TO BOTH OF YOU.

I AM SUPER EXCITED THAT I GOT TO WORK WITH YOU ALONGSIDE YOU FOR THE LAST YEAR AND HOPEFULLY MANY MORE YEARS TO COME.

BUT IT'S BEEN GREAT. YOU KNOW, I'VE GOTTEN TO KNOW YOU A LOT BETTER, BRIAN.

THIS LAST YEAR AND IT'S INCREDIBLE WHAT YOU DO FOR THE RESIDENTS.

I LOVE HOW YOU FIGHT FOR THE RESIDENTS, WHAT THEY NEED.

[00:10:02]

AND THEN ADAM, YOU'VE BEEN MY RIGHT RUDDER. YOU'VE ALWAYS JUST VERY INFORMATIVE.

YOU KNOW, YOU KEEP ME UP TO DATE ON STUFF THAT'S GOING ON, YOU'VE TAUGHT ME SO MUCH AND I'VE ENJOYED THIS LAST YEAR.

YEAH, IT REALLY HAS BEEN FUN. BUT I LOOK FORWARD TO THESE NEXT YEARS.

SO ANNE, IF YOU WANT TO GO NEXT. WELL, IT'S HARD TO THINK OF ENOUGH GOOD THINGS TO SAY.

I DON'T HAVE ANY BAD THINGS TO SAY, OF COURSE, ABOUT EITHER ONE OF YOU. NOT WHILE WE'RE HERE.

WELL, NO, NOT EVEN ONE. BECAUSE, ADAM, I KNOW WE JOKE AROUND ABOUT DISAGREEING, AND WE DO SOMETIMES DISAGREE, BUT I ACTUALLY VERY, VERY MUCH APPRECIATE THAT BECAUSE YOU ALWAYS COME PREPARED AND BECAUSE I KNOW YOU'RE GOING TO BE SO PREPARED THAT UPS MY GAME A LITTLE BIT, TOO. AND I THINK WE'VE COME TO OUR VERY BEST DECISIONS FOR OUR TOWN, TAKING OPPOSING VIEWPOINTS AND FINDING OUR WAY TO THE MIDDLE IN A COMPROMISE.

SO THANK YOU SO MUCH FOR DOING THAT. I REALLY, REALLY APPRECIATE IT.

AND BRIAN, YOU'VE ALWAYS BEEN THERE, JUST STALWART AND COMMITTED AND CALM.

I LOVE YOUR DEMEANOR AND EVERYTHING YOU DO FOR THE TOWN.

I KNOW YOU ALWAYS HAVE THE TOWN'S BEST INTEREST AT HEART. I LOVED WORKING WITH YOU THESE PAST THREE YEARS.

LOOKING FORWARD TO OUR NEXT YEAR TOGETHER AND SEEING WHAT YOU ALL DO BEYOND THAT, BECAUSE I KNOW THE TOWN IS IN EXCELLENT HANDS WITH BOTH OF YOU HERE.

THANK YOU SO MUCH. AND TO YOUR FAMILIES TOO, BECAUSE YOU CAN'T BE FORGOTTEN.

YOU ALL PUT UP WITH A LOT THE LATE NIGHTS AND THE TRIPS AND THE COMMITMENTS AND NO, THAT DOES GO VERY MUCH APPRECIATED BY US AND ALSO OUR TOWN. SO THANK YOU. I'LL GO NEXT.

I AM EXTREMELY THANKFUL THAT YOU BOTH AGREED TO CONTINUE IN YOUR ROLES AS COUNCIL MEMBERS.

AND I'M EVEN MORE THANKFUL THAT THE COMMUNITY HAD SO MUCH CONFIDENCE IN YOU THAT YOU DIDN'T HAVE OPPONENTS.

SO THAT SPEAKS VOLUMES ABOUT YOU, TOO. ADAM, I'VE KNOWN YOU FOR MANY YEARS, BUT I STILL VIVIDLY REMEMBER HOW I WAS IMMEDIATELY IMPRESSED BY YOUR INTEREST IN DEEP DIVING INTO DATA AND WHILE WE WERE SERVING TOGETHER ON P&Z, I NOTICED HOW AMAZING YOU WERE ABOUT THINKING ON YOUR FEET AND TO DETERMINE ALTERNATIVES THAT WORK FOR EVERYBODY AND ON THE FLY AND THAT REALLY IMPRESSES ME AND WHAT YOU WERE AND WHAT AND ARE SUCH A NATURAL NEGOTIATOR THAT BOTH SIDES FEEL LIKE THEY'VE WON AND YOU USE THOSE SKILLS TO SUCCESSFULLY CONVINCE LEGISLATORS IN AUSTIN TO SEE OUR POSITION IN FLOWER MOUND AND ON LAND USE BILLS AND I'M JUST SO THANKFUL THAT WE'RE ON THE SAME SIDE. AND, BRIAN, I HAVE THOROUGHLY ENJOYED GETTING TO KNOW YOU BETTER AND CONTINUE TO BE IMPRESSED BY YOUR UNDERSTANDING OF ISSUES AND HOW YOU LISTEN CAREFULLY, AND THEN BOIL DOWN THE ISSUE TO JUST A FEW WELL COMPOSED WORDS. I'M THOROUGHLY IMPRESSED BY THAT. AND IT'S RARE THAT WE DISAGREE ON ANYTHING, BUT I KNOW YOU HAVE THE ABSOLUTE BEST INTERESTS OF OUR TOWN, AND I APPRECIATE THAT ABOUT YOU.

THANK YOU. WELL, CONGRATULATIONS FOR ANOTHER THREE YEARS.

IT'S BEEN FUN WORKING WITH BOTH OF YOU. ALL FOR TWO YEARS.

I'VE LEARNED A LOT FROM BOTH OF YOU. ADAM, I FEEL LIKE YOU ALWAYS COME INTO THE MEETINGS, AND YOU'RE USUALLY THE MOST KNOWLEDGEABLE AND HAVE THE MOST BACKGROUND KNOWLEDGE ON EVERYTHING AND THEN I HAVE A DIRECTION OF WHAT I THINK WE SHOULD APPROACH IT, AND WE COME OUT OF IT A COMPLETELY DIFFERENT DIRECTION.

BECAUSE YOUR NEGOTIATION SKILLS, YOU'RE REALLY GOOD AT NEGOTIATING AND PROPOSING DIFFERENT APPROACHES TO A SOLUTION OR TO A PROBLEM THAT WE HAVE AND I THINK THAT'S BEEN A HUGE ASSET TO FLOWER MOUND.

SO I REALLY APPRECIATE YOU. I LOOK FORWARD TO HOPEFULLY THE NEXT THREE YEARS, ASSUMING I GET ELECTED NEXT YEAR.

BUT REALLY ENJOY WORKING WITH YOU, BRIAN. I FEEL LIKE YOU AND I KIND OF GREW UP TOGETHER IN COUNCIL BECAUSE WE BOTH KIND OF STARTED OUT AS WEST SIDE RESIDENTS, GETTING INVOLVED WITH THE TOWN, WITH THE DEVELOPMENTS OUT THERE AND THEN HELPING ON YOUR CAMPAIGN.

I'M REALLY IT'S BEEN A BLESSING TO WORK WITH YOU IN TOWN COUNCIL.

I THINK YOU PROVIDE A DIFFERENT PERSPECTIVE ON THE WEST SIDE THAN I DO SOMETIMES, AND I THINK WE PROVIDE A GOOD MIX OF PERSPECTIVES.

[00:15:02]

SO CONGRATULATIONS AND LOOK FORWARD TO ANOTHER THREE YEARS.

THANKS, CHRIS. YEAH. OKAY. ALL RIGHT. SO THE TIME IS NOW IF I CAN SEE THE CLOCK.

06:07. WHAT? OH, YOU GUYS WANT TO TALK? THAT'S RIGHT.

YOU GUYS WANT TO TALK? OH! DARN IT. I WENT I JUMPED AHEAD AGAIN.

WELL, BRIAN, I'M GOING TO LET YOU TALK FIRST.

WELL THANK YOU. I'M GOING TO KEEP THIS FAIRLY SHORT AND TO ALL THE KIND WORDS YOU GUYS SAID.

THANK YOU SO MUCH. I IT'S TRULY AN HONOR TO SERVE WITH EACH AND EVERY ONE OF YOU.

AND, YOU KNOW, WE DON'T ALWAYS AGREE ON EVERYTHING.

AS WE'VE MENTIONED. BUT I THINK ONE OF THE THINGS THAT IS VERY POSITIVE IS WE END UP WITH A BETTER RESULT, AS MENTIONED, BUT WE ALSO DISAGREE IN A RESPECTFUL MANNER.

IT'S ALWAYS COMING FROM DIFFERENT PERSPECTIVES, BUT WE ALL WANT TO PUT THE INTEREST OF OUR RESIDENTS FIRST AND WE HAVE DIFFERENT POINTS OF VIEW, DIFFERENT PERSPECTIVES, BUT WE'RE ALL WORKING TOWARDS THE SAME GOAL. SO I'M VERY HONORED TO SHARE THIS STAGE WITH YOU.

EACH AND EVERYONE OF YOU, AND LOOK FORWARD TO ANOTHER ONE, TWO, THREE YEARS, DEPENDING ON WHO YOU ARE, THAT WILL SERVE TOGETHER TO THE RESIDENTS. YOU KNOW, I IT'S NOT LOST ON ME, THE CONFIDENCE THAT IS PUT ON ME AND ON EACH OF US AND THE FAITH THAT WE WILL DO THE RIGHT THING FOR OUR RESIDENTS.

AND THAT'S ONE THING I WILL ALWAYS DO, IS WHAT I BELIEVE IS THE BEST THING FOR ALL OF OUR RESIDENTS.

AND THAT'S THE WEST SIDE, FOLKS. THAT'S THE EAST SIDE, THAT'S LAKESIDE, THAT'S NORTH FLOWER MOUND.

THAT'S THE ENTIRE COMMUNITY EACH PART OF OUR COMMUNITY IS DIFFERENT FROM THE CROSS TIMBERS TO EVERY OTHER PART AND THEY ALL HAVE UNIQUE NEEDS, UNIQUE WANTS, UNIQUE CHALLENGES AND, YOU KNOW, I'M GOING TO REMAIN COMMITTED TO ADDRESSING EACH OF THOSE AND DOING THAT IN THE BEST MANNER POSSIBLE. I ALSO WANT TO THANK THE TOWN STAFF.

STARTS WITH JAMES ALL THE WAY DOWN. THEY MAKE THIS JOB SO MUCH EASIER.

THEIR PROFESSIONALISM, THEIR INTELLIGENCE, THEIR CAPABILITY IS SECOND TO NONE.

I CAN HONESTLY SAY I'VE BEEN BLOWN AWAY BY THE CALIBER OF STAFF THAT WE HAVE HERE IN FLOWER MOUND.

AND AS RESIDENTS, WE SHOULD ALL BE VERY, VERY GRATEFUL AND VERY THANKFUL.

THEY DO A PHENOMENAL JOB. SO THANK YOU. THANK YOU TO EVERYONE THAT'S HERE TONIGHT THAT COMES OUT TO SUPPORT ADAM AND I FOR THIS CEREMONY.

IT MEANS A LOT. AS MENTIONED, IT'S SOMETIMES A THANKLESS JOB, AND THERE ARE GOOD TIMES AND THERE'S BAD TIMES.

AND ON NIGHTS LIKE TONIGHT WHEN EVERYONE IS HERE, THIS IS A GOOD THING.

SO THANK YOU ALL. I USED UP ALL MY ADJECTIVES WHEN I WAS DESCRIBING MY FAMILY EARLIER, SO I WON'T BELABOR THAT.

BUT AGAIN, TO MY WIFE AND CHILDREN, THANK YOU ALL SO MUCH FOR YOUR SUPPORT, YOUR LOVE, AND THANK YOU FOR BEING HERE TONIGHT AND FOR ALL THE SACRIFICES YOU PUT UP WITH. SO I LOOK FORWARD TO SERVING ANOTHER THREE YEARS AND THANK YOU ALL.

ALL RIGHT. ADAM. ALL RIGHT, ALL RIGHT. THANK YOU.

MAYOR. I'M THRILLED TO BE ABLE TO REPRESENT THE RESIDENTS OF FLOWER MOUND FOR THREE MORE YEARS.

LET ME START BY THANKING MY FAMILY. IT'S IMPOSSIBLE TO SERVE EFFECTIVELY IN THIS ROLE WITHOUT SUPPORT AT HOME.

I'M VERY FORTUNATE TO HAVE TREMENDOUS SUPPORT. REAGAN WATCHES THE MEETINGS, SHE GIVES ME FEEDBACK, AND SHE AND I ARE ON THE SAME PAGE ON EVERYTHING.

SHE THINKS WHAT I'M DOING IS IMPORTANT, AND IT MAKES IT POSSIBLE FOR ME TO BE HERE.

THE KIDS ARE IN MIDDLE AND HIGH SCHOOL NOW. THEY'RE DOING GREAT. MY MOM IS HERE. SHE HAS RECENTLY RELOCATED TO DENTON COUNTY.

SO HAPPY MOTHER'S DAY. THANK YOU ALL FOR BEING HERE AND I LOVE YOU VERY MUCH.

I DIDN'T DRAW AN OPPONENT THIS YEAR, AND WHILE THAT IS VERY FLATTERING, I KNOW THE TRUTH.

ALL THE CREDIT BELONGS TO THE INCREDIBLE RESIDENTS WHO'VE SUPPORTED ME AND EVERYONE UP HERE.

MANY OF YOU ARE HERE TONIGHT. YOU ARE THE STRONGEST FORCE IN FLOWER MOUND AND NO ONE WAS FOOLISH ENOUGH TO TAKE YOU ON BECAUSE THEY WOULD LOSE BADLY.

THIS VICTORY IS YOURS AND YOURS ALONE. I'M INCREDIBLY GRATEFUL TO HAVE YOUR SUPPORT.

WE'VE ACCOMPLISHED A LOT AND WE'RE GOING TO ACCOMPLISH SO MUCH MORE OVER THE NEXT THREE YEARS.

THERE IS A MESSAGE FROM THE VOTERS IN THE BOND ELECTION.

UNLIKE PREVIOUS BONDS, WHICH WERE REFERENDUMS ON SPECIFIC PROJECTS, THIS BOND WAS A REFERENDUM ON US, THE TOWN GOVERNMENT. THE MESSAGE FROM THE VOTERS IS THAT THE BLUE RIBBON COMMITTEE DID AN EXCELLENT JOB BUILDING A BOND PACKAGE THAT WAS APPROPRIATE BUT NOT INDULGENT.

THAT THEY TRUST STAFF TO EXECUTE THESE PROJECTS SUCCESSFULLY, AND THEY TRUST THE FINANCIAL STRATEGY OF THE CFO.

IT WAS A DIRECT VOTE OF CONFIDENCE IN THE COUNCIL, A STATEMENT THAT THEY TRUST US TO SPEND THIS MONEY WISELY IN A MANNER THAT BEFITS THE

[00:20:02]

IN POLITICS, TRUST IS HARD TO EARN AND EASY TO LOSE, SO IT'S AN HONOR TO BE HERE ALONGSIDE ALL OF YOU.

I'M THRILLED THAT THE COUNCIL IS INTACT FOR ANOTHER YEAR.

YOU SHOULD TAKE A LOT OF PRIDE IN THE PASSAGE OF THOSE TWO BOND ITEMS. I WOULD LIKE TO SHARE MY PRIORITIES FOR THE SECOND TERM.

NUMBER ONE, WE HAVE A PROBLEM IN TEXAS WITH HOUSING AFFORDABILITY.

I KNOW THAT HOMEOWNERS NEED A BREAK. THE FIRST AND BEST THING WE CAN DO IS NOT CONTRIBUTE TO HOUSING COSTS THROUGH HIGH TAXES.

SO I'M COMMITTED TO INCREASING THE HOMESTEAD EXEMPTION ALL THE WAY TO THE LEGAL MAXIMUM OF 20% IN THE NEXT TWO YEARS.

AFFORDABLE HOUSING SUPPLY IS A PROBLEM. A RECENT ARTICLE IN THE STAR-TELEGRAM REVEALED THAT A PAIR OF OUT OF STATE AND OVERSEAS INVESTMENT FIRMS ARE BUYING UP AFFORDABLE HOUSES ALL OVER DFW AND CONVERTING THEM TO RENTALS, INCLUDING HUNDREDS OF HOMES IN DENTON COUNTY AND SOME RIGHT HERE IN FLOWER MOUND.

THE CONVERSION OF AFFORDABLE HOMES TO INVESTOR OWNED RENTALS IS DRIVING UP PRICES AND MAKING STARTER HOMES UNAVAILABLE FOR FIRST TIME BUYERS.

SOME OF OUR MOST AFFORDABLE NEIGHBORHOODS ARE NOW 50% RENTALS.

UNFORTUNATELY, THE SOLUTIONS BEING PROPOSED BY THE LEGISLATURE ONLY MAKE THE PROBLEM WORSE.

WE WON'T SOLVE THE HOUSING CRISIS BY ELIMINATING SINGLE FAMILY ZONING, BUILDING APARTMENTS EVERYWHERE, OR TURNING AND TURNING EVERYONE INTO A PERPETUAL RENTER WHILE OUT OF STATE.

INVESTORS GET RICH. I AM COMMITTED TO SUPPORTING DEVELOPMENT WHEN IT PROVIDES OWNERSHIP OPPORTUNITIES FOR RESIDENTS.

NUMBER TWO. FLOWER MOUND WAS RECENTLY RANKED THE NUMBER ONE PLACE TO LIVE IN AMERICA AND WE ALL KNOW THAT'S TRUE.

BUT TO STAY ON TOP, WE NEED A STRATEGY. ANY TOWN CAN HAVE WORLD CLASS AMENITIES, ALONG WITH EXORBITANTLY HIGH TAXES OR VERY LOW PROPERTY TAXES AND MINIMAL SERVICES.

TO HAVE WORLD CLASS AMENITIES AND LOW TAXES, WHICH WE HAVE, THAT'S A REAL CHALLENGE.

SALES TAX IS THE VEHICLE FROM WHICH WE CAN CONTINUE TO HAVE INCREDIBLE QUALITY OF LIFE AND LOWER COST OF LIVING.

RIGHT NOW, WE COLLECT ABOUT $0.60 IN SALES TAX FOR EVERY DOLLAR IN PROPERTY TAX.

WE NEED TO GET THAT CLOSER TO 1 TO 1. WE HAVE A VERY SMALL WINDOW OF OPPORTUNITY TO ACCOMPLISH THAT ON THE WEST SIDE OF TOWN, THERE ARE SOME LARGE RETAILERS THAT WILL SERVE ALL THE NEW COMMUNITIES UP AND DOWN I-35W, AND IF THEY SET UP SHOP IN FLOWER MOUND, WE WILL SET THE TOWN UP FOR FINANCIAL SUCCESS FOR DECADES TO COME.

THAT'S OUR CHALLENGE, AND I HAVE COMPLETE CONFIDENCE IN OUR ECONOMIC DEVELOPMENT TEAM, AND I WILL GIVE THEM EVERY TOOL I CAN TO BE SUCCESSFUL.

NUMBER THREE. IT'S NO SECRET THAT THE RIVERWALK HAS BEEN A DISAPPOINTMENT.

WE'VE WAITED PATIENTLY FOR THE PROJECT TO GET ITS ACT TOGETHER, BUT THAT HASN'T HAPPENED, SO WE'RE GOING TO FIX IT. THE TOWN HAS ACQUIRED THE LAND THAT WAS PLANNED TO BE AN AMPHITHEATER, AND WE WILL BE USING THE REMAINING TOURIST FUNDS TO BUILD A CULTURAL ARTS CENTER IN THE HEART OF THE RIVERWALK.

THIS INCREDIBLE FACILITY WILL HOST ALL OUR TOWN EVENTS AND MORE, AND WILL GIVE PEOPLE A REASON TO GO TO THE RIVERWALK AGAIN AND AGAIN.

I'D LIKE TO SEE THAT FACILITY OPEN BEFORE THE END OF MY TERM IN 2028.

I'LL SAY THAT AGAIN. I'D LIKE TO SEE THAT FACILITY OPEN BEFORE THE END OF MY TERM IN 2028.

FINALLY, SINCE 2018, THE WINNER OF EVERY SINGLE COUNCIL ELECTION HAS BEEN THE CANDIDATE WHO REPRESENTED SLOW GROWTH OPTION FOR VOTERS.

THE RESIDENTS OF FLOWER MOUND HAVE MADE THEIR DESIRES CLEAR AGAIN AND AGAIN. THEY DEMAND THAT WE UPHOLD THE MASTER PLAN, PROTECT NEIGHBORHOODS FROM ENCROACHING HIGH DENSITY AND INTENSE COMMERCIAL AND INDUSTRIAL DEVELOPMENT, AND DEMAND THAT WE SAVE TREES, REDUCE THE TAX BURDEN ON HOMEOWNERS, AND MOST OF ALL, FIGHT FOR OUR RURAL CHARACTER.

TO THOSE RESIDENTS, I SAY, I HEAR YOU LOUD AND CLEAR.

FLOWER MOUND HAS COME A LONG WAY IN THE PAST 64 YEARS, MOSTLY FOR THE BETTER, IN SOME CASES FOR THE WORSE.

BUT I BELIEVE THERE IS STILL A GREAT DEAL WORTH FIGHTING FOR AND I'M COMMITTED TO FIGHTING FOR IT.

THANK YOU VERY MUCH.

ARE YOU SURE YOU'RE DONE? I'M DONE. ALL RIGHT.

[H. CLOSED MEETING]

[I. RECONVENE TO SPECIAL MEETING]

WE ARE RECONVENING INTO AN OPEN SESSION. AS A RESULT OF OUR CLOSED SESSION, WOULD ANYONE LIKE TO ENTERTAIN A MOTION? I WOULD, I MOVE THAT WE ELECT FOR THE POSITION OF MAYOR PRO TEM AND MARTIN.

AND FOR DEPUTY MAYOR PRO TEM ADAM SCHIESTEL SECOND.

OKAY. THERESA. CAN YOU SAY THE ROLL?

[00:25:10]

[INAUDIBLE]. YEAH, I DO. I'M USED TO YOU GUYS.

ALL RIGHT WE'RE GOING TO GO AHEAD AND MOVE ON TO OUR REGULAR ITEM, THE 1171 COMMERCIAL.

CHAPTER 380 AGREEMENT. SO LET'S SEE. RAY'S COMING UP TO SPEAK.

RAY WATSON, YOU'RE GOING TO. SO, MAYOR, BEFORE WE PRESENT THAT ITEM, WE WE NEED TO GO INTO A CLOSED SESSION.

[CLOSED SESSION]

WE WILL. THE TIME IS NOW 6:30, AND THE TOWN COUNCIL WILL CONVENE INTO CLOSED SESSION PURSUANT TO THE TEXAS GOVERNMENT CODE 551 SECTION. WHAT SECTION IS THIS? SECTION JUST 071. OKAY. [INAUDIBLE] WELCOME BACK. FLOWER MOUND. THE TIME IS NOW 7:22 AND WE ARE RECONVENING INTO OUR OPEN SESSION.

THERE'S NO ACTION TO BE TAKEN AS A RESULT OF THE CLOSED SESSION.

[J. REGULAR ITEM]

THE J1 1171 COMMERCIAL CHAPTER 380 AGREEMENT.

THIS IS A PUBLIC HEARING TO CONSIDER THE APPROVAL OF THE CHAPTER 380 AGREEMENT WITH 1171 COMMERCIAL, LLC FOR THE ECONOMIC DEVELOPMENT OF FLOWER MOUND AND AUTHORIZATION TO FOR ME TO EXECUTE THIS ON BEHALF OF THE TOWN.

SO AT THIS TIME, RAY, I THINK RAY WAS GOING TO COME UP RAY WATSON AND KIND OF GO OVER THIS PLAN FOR US.

YES, MAYOR. MAYOR. COUNCIL, THANK YOU FOR THE OPPORTUNITY TO BE UP HERE IN FRONT OF YOU. GOING TO GO THROUGH THE POINTS HERE AND IF YOU HAVE ANY QUESTIONS OR WANT TO TALK TO THE APPLICANT, HE IS HERE AS WELL. THE PURPOSE OF THIS ITEM IS TO CONSIDER APPROVAL OF A CHAPTER THREE AGREEMENT WITH 1171 COMMERCIAL, LLC. FIRST RANCH. JACK. FIRST THE TOWN COUNCIL AMENDED TAX INCREMENT REINVESTMENT ZONE NUMBER TWO AT THE DECEMBER 16TH, 2024 MEETING TO INCREASE THE TOWN'S PARTICIPATION IN THE ZONE TO 80% FROM THE 50% THAT IT WAS THE ZONE WAS INITIALLY CREATED BY ORDINANCE 4723 ON NOVEMBER 6TH, 2023, AND THE FINAL PROJECT AND FINANCIAL PLAN FOR THE ZONE WAS CREATED BY ORDINANCE 1124 ON MARCH 18TH, 2024. AS PART OF THAT AMENDMENT TO THE ZONE, THE TOWN PARTNERED WITH DENTON COUNTY AND THE COUNTY'S OFFICE OF ECONOMIC DEVELOPMENT TO IDENTIFY ECONOMIC DEVELOPMENT PROGRAMS TO ATTRACT DEVELOPMENT FOR THE PURPOSE OF PROVIDING LONG TERM ECONOMIC BENEFITS, INCLUDING, BUT NOT LIMITED TO INCREASED REAL PROPERTY TAX AS WELL AS SALES TAX FOR ALL THE UNITS IN THE ZONE.

THE TOWN COLLABORATED WITH THE COUNTY TO CREATE AN ECONOMIC DEVELOPMENT FUND AND PROGRAM FOR A DEFINED AREA WITHIN THE ZONE, DESIGNED TO AID THE FINANCIAL SUCCESS OF THE ZONE.

COUNTY AND COUNTY. IN THAT IN THIS PARTNERSHIP WITH THE COUNTY, THE TOWN DEDICATED 30% OF ITS 80% TO THIS ECONOMIC DEVELOPMENT PROGRAM, HAVING THE REMAINING 50% GOING TO DEDICATED TO THE PREVIOUS IDENTIFIED INFRASTRUCTURE PROJECTS IN THE CIP PROGRAM AND THE FINAL PLAN CREATED BY THE ORDINANCE.

1124 THE PROPOSED AGREEMENT IS THE LEGAL MECHANISM THAT EXECUTES THE ECONOMIC DEVELOPMENT PROGRAM OUTLINED IN THE ZONE THAT WE ARE TALKING ABOUT. THE ZONE GRANTS THE TERS. NUMBER TWO, BOARD ALL THE POWERS OF THE TOWN UNDER CHAPTER 380 OF TEXAS LOCAL GOVERNMENT CODE.

THE AGREEMENT IS CONSISTENT WITH THE ECONOMIC DEVELOPMENT PROGRAM AND RUNS WITH THE TERM OF THE ZONE, WHICH IS 30 YEARS AS OUTLINED IN THE ZONE'S ECONOMIC DEVELOPMENT PROGRAM, THE FOLLOWING MUST OCCUR PRIOR TO GRANTS BEING ISSUED FROM THE ECONOMIC DEVELOPMENT PROGRAM. THE HORIZONTAL INFRASTRUCTURE NECESSARY TO SERVE THE PROPERTY TO BE INCENTIVIZED MUST BE CONSTRUCTED, AND THE VERTICAL AND PRIVATE INFRASTRUCTURE MUST BE CONSTRUCTED, AS WELL AS A CERTIFICATE OF OCCUPANCY FOR AN END USER THAT MEETS THE ELIGIBILITY REQUIREMENTS OF THE ECONOMIC DEVELOPMENT PROGRAM THAT WAS REVIEWED AND PASSED BY THIS COUNCIL EARLIER.

THE AGREEMENT ALSO OUTLINES HOW THE COUNTY TERZ INCREMENT IS USED IN ACCORDANCE WITH THE ZONE AND THE COUNTY'S PARTICIPATION AGREEMENT.

WITH THAT THE TERZ TWO BOARD WILL BE MEETING RIGHT AFTER THIS MEETING.

THAT BOARD IS MADE UP OF TWO COUNCIL MEMBERS AS WELL AS I MEAN, I'M SORRY, TWO COUNTY MEMBERS AS WELL AS THIS COUNCIL.

[00:30:02]

COUNCIL, DO YOU HAVE ANY QUESTIONS? YEAH, WE CAN HAVE I THINK WE'RE GOING TO SINCE THIS IS A PUBLIC HEARING, WE CAN GO AHEAD AND JACK IS HERE.

JACK, FIRST, DO YOU GUYS HAVE ANY QUESTIONS? DO YOU ALL WANT TO ASK HIM? WHY DON'T WE HAVE JACK COME ON UP, AND Y'ALL CAN ASK ANY QUESTIONS. SO, JACK, FIRST OF ALL, WE HAD AN ITEM ON OUR LAST AGENDA FOR A PARKING LOT.

THAT WAS VERY EXCITING AND I KNOW THAT IT'S NOT DOESN'T MEAN THAT IT'S A DONE DEAL, BUT HAVING HEB REPRESENTATIVES HERE KIND OF GIVES ME A GOOD FEELING ABOUT IT. SO CONGRATULATIONS ON THAT. CAN YOU GIVE US ANY SORT OF AN UPDATE? WELL, THANK YOU GUYS FOR A 5-0 VOTE. IT'S THE FIRST TIME I'VE GOTTEN A 5-0 VOTE, SO I THANK YOU ALL VERY MUCH.

IT'S A LITTLE BUMPY IN P&Z, SO THANK YOU. NO, I THINK WE ARE SCHEDULED.

WE HAVE BEEN IN THE TITLE COMPANY FOR ABOUT A YEAR AND SO WE ARE SCHEDULED TO CLOSE ON THAT PROPERTY, WHICH IS A FEE SIMPLE SALE TO HEB NEXT WEEK. SO NOW IT'S BEEN POSTPONED A COUPLE OF TIMES, AND SO. RIGHT. MY BEST GUESS. BUT WE HAD A GREAT MEETING WITH THE TOWN YESTERDAY AND SO I FEEL REAL GOOD ABOUT HEB AND I'M NOT. I GUESS WE CAN'T TALK ABOUT IT, BUT IT LOOKS LIKE EVERYBODY KNOWS ANYWAY, SO. WELL, THEY WERE HERE, SO THERE YOU GO. SO WE'RE REAL EXCITED ABOUT THAT AND THEN WE'RE REALLY EXCITED ABOUT THE OPPORTUNITY TO GO TO VEGAS.

YOUR TEAM RAY AND TOMMY ALONG WITH THE ANDY EADS WILL BE IN VEGAS ON MONDAY AND TUESDAY AND WE'LL BE WORKING WITH ROBERT DOZIER AND THE SHOP COMPANIES, AND WE'RE GOING TO BE TALKING TO A TON OF TENANTS.

SO WE'RE EXCITED ABOUT HOW WE THINK WE CAN POPULATE AROUND THE HEB.

THE DREAM AT FIRST RANCH IS, YOU KNOW, 1,000,000FT² OF RETAIL OR MORE.

AND WITH THE GROCER AND WHAT WE HAVE PLANNED, I THINK WE'RE REALLY EXCITED ABOUT WHAT COULD TRANSPIRE IN 26 FROM A PLANNING STANDPOINT AND THEN IN THE REMAINDER OF 25 AND THEN IN 26, BEING VERY BUSY WITH THE TOWN TO CREATE BUILDING PLANS, AND DRAW BUILDING PERMITS TO BEGIN CONSTRUCTION.

THE INITIAL PLAN RIGHT NOW IS TO, YOU KNOW, BE READY WITH A BIG SLUG OF RETAIL TAIL END OF 27.

BUT REALLY THAT KIND OF FIRST QUARTER OR SECOND QUARTER OF 28 AND THE NEGATING THE CHALLENGE WE HAVE IS, TXDOT AND WHEN THEY'RE GOING TO GET STARTED CLEARLY THESE TENANTS THAT WE'LL BE TALKING TO WILL BE VERY INTERESTED IN THE TIMING OF THAT AND OUR BEST TIMING IS SOON AND TO BE DONE IN THAT KIND OF 28, 29 TIME FRAME, WHICH KIND OF WORKS FOR PLANNING.

SO WE'RE EXCITED. THERE'S A LOT GOOD GOING ON THERE.

THERE'S A LOT GOING ON THE WEST SIDE. I WANT TO THANK THE COUNCIL MEMBERS THAT WERE DOWN IN AUSTIN AS WE WERE DOWN THERE WORKING.

WHATEVER INITIATIVES YOU WERE WORKING ALONG WITH THE THE TEXAS TECH INITIATIVE AND SO WE'RE STILL ALIVE AND WELL THERE.

WE'LL SEE WHAT HAPPENS. BUT THAT'S EXCITING. AND THEN THE THE HOSPITALS THAT MAY JOIN IT ARE EQUALLY EXCITING AT THIS TIME.

IT'S MORE HAND PUPPETS, BUT REALLY GOOD DISCUSSIONS.

BUT THE PLANNING CYCLE FOR THESE FOLKS IS 3 TO 5 YEARS.

AND SO IF WE CAN GET STARTED THE PLACE COULD LOOK VERY DIFFERENT IN 2030.

LASTLY ARGYLE INDEPENDENT SCHOOL DISTRICT WAS SUCCESSFUL WITH THEIR BOND.

WE'VE BEEN IN CONTACT WITH THEM AND SO I THINK THEY'LL BE INTO THE CITY SHORTLY.

AS WE THINK ABOUT ERECTING A MIDDLE SCHOOL AND AN ELEMENTARY SCHOOL, BOTH OF THOSE TO COME ONLINE IN 28 AND 29.

SO I'M PRETTY HAPPY WITH THIS 380 AGREEMENT. I THINK IT'S GOING TO BE A BIG STEP FORWARD AND REALLY, YOU KNOW, ACCELERATE THE PROJECT, I HOPE. BUT THERE'S JUST A COUPLE OF DETAILS. I WANTED TO GO OVER WITH YOU AND SO I HAD TWO PRIORITIES IN THIS.

THE FIRST WAS TO MAKE SURE THAT YOU WERE EMPOWERED TO GO OUT AND WIN BUSINESS AND NOT HAVE TO WORRY ABOUT DISCRETIONARY APPROVALS BECAUSE, YOU KNOW, NONE OF US ARE GOING TO BE HERE FOREVER.

SO I THINK WE'VE GOTTEN THAT TAKEN CARE OF. HOPEFULLY. YOU AGREE? YES. WE HAVE A LIST THAT WORKS THAT DOES NOT REQUIRE THE APPLICANT TO COME BACK.

AND THEN TO THE EXTENT THAT THE APPLICANT WANTS TO COME BACK WITH ONE THAT'S NOT ON THE LIST, WE CAN RUN THAT. WE CAN MAKE THAT PITCH AND SO THAT WORKS VERY WELL.

[00:35:04]

AND I THINK THAT THE WAY THE IT WAS STRUCTURED WITH THE PARTICULAR USERS AND THE CATEGORIES.

RIGHT. DEFINITELY GIVES CLARITY THAT WHAT'S GOING TO HAPPEN. AND THAT'S GREAT. THE ONLY OUTSTANDING ITEM FROM FOR ME IS THAT THERE YOU KNOW, WE CONCERN WE'RE ALWAYS CONCERNED THAT WHAT THE REALITY ISN'T GOING TO MATCH THE VISION AND THE WHOLE SINCE THE 380 AGREEMENT ENCOMPASSES THE WHOLE PROPERTY.

WE'D LIKE TO SEE THOSE BUILDING MATERIALS STANDARDS THAT ARE APPLIED TO THE SPECIFIC PROPERTIES ALSO APPLY TO THE REST OF THE PROJECT, TOO, SINCE IT'S ALL PART OF THE SAME CONTRIBUTING FUND.

SO ARE YOU WILLING TO CONSIDER EXTENDING THE BUILDING MATERIAL STANDARD TO THE ENTIRE PROJECT, SO THAT WE KNOW THAT YOUR VISION IS ALWAYS GOING TO BE WHAT IS REALIZED, EVEN WHEN ALL OF US ARE? YEAH. SO THE WAY THE APPLICANT LOOKS AT IT IS THAT THAT'LL BE THE BUILDING STANDARDS AND SO ON WILL BE IN THE DEVELOPMENT AGREEMENT AND THAT IS WHERE THEY RESIDE. AND THE OTHER PIECE OF IT IS EVERY TIME THAT WE COME FORWARD IN THE 380, YOU WILL HAVE I MEAN, IT'S GOING TO BE YOU'RE GOING TO KNOW IT.

ONE, TWO IS THAT TOWN STAFF IS GOING TO HAVE TO APPROVE THE BUILDING AND SO WE THINK WE'RE COVERED THERE.

AND SO WE THINK WHAT WE WANTED IN THIS AGREEMENT WHEN I SPOKE WITH ANDY IS REAL SIMPLICITY AND BASICALLY RELY ON THE DEVELOPMENT AGREEMENT AS WE DEVELOP OUT. THAT MAKES SENSE. I THINK THE CONCERN THAT I HAVE ABOUT THAT IS THAT THE STATE PREEMPTED US ON BUILDING MATERIALS.

AND THIS IS AN ARCHITECTURALLY SIGNIFICANT AREA.

IT'S THE ENTRANCE TO THE TOWN. BRYN, IS THAT WOOD? PUTTING THE BUILDING MATERIAL STANDARDS IN A DEVELOPMENT AGREEMENT BE SOMETHING THAT COULD BE ENFORCEABLE IN THE FUTURE? IN MY OPINION, NO. THE DEVELOPMENT AGREEMENT MEMORIALIZES THE PERFORMANCE OBLIGATIONS OF OUR ORDINANCES.

AND SO IF WE CAN'T REQUIRE IT AS AN ORDINANCE, WE CAN'T CONTRACTUALLY REQUIRE ADHERENCE.

IN MY OPINION, I AND I DID SHARE THIS WITH MISS D AND SHE ACKNOWLEDGED SHE RESPONDED WITH UNDERSTOOD.

I DON'T KNOW THAT WE HAVE CONSENSUS OR MEETING OF THE MINDS ON IT, BUT SO NO, IN MY OPINION, I WOULD ADVISE THAT ADDING SOMETHING LIKE THAT TO A STANDARD TRUE DEVELOPMENT AGREEMENT, THAT WOULD BE AN UNENFORCEABLE, UNLAWFUL EXACTION TO MAKE THAT A CONDITION PRECEDENT TO RECEIVING BUILDING PERMITS, FOR INSTANCE, BY CONTRACT. YOU CAN'T DO IT BY ORDINANCE AND SO TO DO IT BY CONTRACT, IT MEMORIALIZES THE ORDINANCE.

IT WOULD BE EQUALLY UNENFORCEABLE IN MY OPINION.

SO, I MEAN, I DON'T REALLY HAVE A PROBLEM WITH WHAT YOU'RE SUGGESTING, JACQUES, EXCEPT THAT IT LEGALLY, IT JUST DOESN'T SOLVE THE PROBLEM AND I HAVE A TON OF CONFIDENCE IN YOU. I JUST KNOW THAT THIS PROJECT IS GOING TO TAKE 30 YEARS, AND I'M HERE FOR THREE YEARS, SO I WANT TO MAKE SURE THAT IT ALWAYS MEETS YOUR VISION.

SO, YOU KNOW, WHETHER I, YOU KNOW, I GUESS MISTY AND BRYN HAVE A DIFFERENT OPINION ON THIS.

WE FEEL LIKE THE DEVELOPMENT AGREEMENT BASICALLY COVERS US ONE AND TWO IS THAT ANYTHING THAT'S GOING TO GET BUILT HAS GOT TO BE APPROVED BY THE TOWN.

I'VE GOT TO GO. I MEAN, I CAN'T RELEASE OR THE APPLICANT CAN'T RELEASE 380 FUNDS UNLESS IT'S THE TYPE OF TENANT THAT WE ALL WANT AND IT'S THE TYPE OF BUILDING THAT CAN THAT BASICALLY GETS A BUILDING PERMIT FROM THE TOWN.

SO I THINK THE CHECKS ARE THERE. YEAH, BUT ON THE RESIDENTIAL PORTION, THAT'S MORE WHAT I'M TRYING TO EXTEND THIS TO THE RESIDENTIAL PORTION OF THE PROJECT AND WE DON'T I CAN'T EXTEND IT TO THE RESIDENTIAL PORTION OF THE PROJECT, WITHOUT THE APPROVAL OF LONE STAR STARWOOD LAND AND I THINK IT'S I DON'T KNOW HOW IT WOULD WORK BECAUSE THE BUILDING STANDARDS YOU ALREADY YOU GUYS HAVE SEEN THE BUILDING STANDARDS OF WHAT WE'RE GOING TO DO ON THE CROSS TIMBERS, AND IT'LL JUST ROLL OVER TO THE PRAIRIE VISTA.

IF IT'S A PROBLEM. I'M HAPPY TO BASICALLY SHOW YOU WHAT WE'RE GOING TO DO IN THE PRAIRIE VISTA, AND THE CROSS TIMBERS. I DON'T THINK WE OUGHT TO MIX THE AGREEMENTS CANDIDLY.

SO I GUESS I'LL LOOK OVER AT TOMMY. IF WE. TOMMY, THERE ARE WHAT? BUILDING MATERIAL STANDARDS FOR THE RESIDENTIAL PORTIONS.

IF STARWOOD, FOR EXAMPLE, ARE THEY GOING TO BUILD THE APARTMENTS. IS THAT PART OF THEIR. NO THEY'RE NOT. THEY'RE JUST DOING THE CROSS TIMBERS AND THE PRAIRIE VISTA.

THEY'LL BE SINGLE FAMILY. THESE WILL BE THE CROSS TIMBERS IS TWO ACRE LOTS.

ARE THEY DOING ANY OF THE MORE THE HIGHER DENSITY RESIDENTIAL AS WELL?

[00:40:01]

PRAIRIE VISTA. ONE TO THE ACRE IN CROSS TIMBERS, TWO TO THE ACRE.

THERE IS A POSSIBILITY THAT WE WILL CLUSTER IN THE PRAIRIE VISTA, WHICH WILL CREATE MORE OPEN SPACE.

AND, YOU KNOW, WE'LL COME FORTH AND MAKE THAT PLAN. BUT NO, THESE WILL BE NICE SINGLE FAMILY OWNED HOMES.

YEAH. AND IF THEY. BUT IF THEY WERE TO SAY TO SAY LIKE WE DO STUCCO AND SPANISH TILES AND THAT DOESN'T REALLY MEET THE VISION OF A, YOU KNOW, HILL COUNTRY TYPE OF DEVELOPMENT, JUST FOR EXAMPLE.

TOMMY, IS THAT SOMETHING THAT WOULD BE ENFORCEABLE? COULD THE TOWN SAY, WELL, I'M SORRY, BUT THESE DESIGNS DON'T MATCH THE FIRST RANCH VISION AND THE ORDINANCES THAT WE HAVE ON THE BOOKS. SO I'LL TRY THIS MIC.

SO THE FIRST RANCH ORDINANCE MENTIONED MENTIONS IT'S GOT VARIOUS ARCHITECTURAL STANDARDS AND MATERIAL STANDARDS THROUGHOUT.

SO BUT AS COUNCIL KNOWS THE STATE PREEMPTION ON BUILDING SPECIFIC BUILDING MATERIALS.

SO, YOU KNOW, WE WOULD REVIEW ANY APPLICATION IN ACCORDANCE WITH THE ZONING.

AT THE END OF THE DAY, IF THEY BROUGHT FORWARD A SINGLE FAMILY DEVELOPMENT AND THAT BUILDING PERMIT, THEY DECIDED THAT THEY WANTED TO DO A COMPLETELY DIFFERENT BUILDING MATERIAL AT THAT PERMIT LEVEL.

THERE'S NOTHING THAT WE COULD DO TO PREVENT TO STOP IT, WE'D HAVE TO ISSUE THE PERMIT.

OKAY. SO IF THIS AGREEMENT SAID THAT THE RESIDENTIAL PORTIONS HAD TO CONFORM TO THAT.

WHAT IS THAT ARTIFACT THAT HAS THOSE BUILDING MATERIALS DEFINED? SO THERE ARE BUILDING MATERIALS DEFINED IN THE MU ZONING ORDINANCE.

THE ZONING ORDINANCE. RIGHT. SO IF THE STARWOOD BROUGHT SOME HOUSES FORWARD THAT THEY FELT LIKE THEY DIDN'T WANT TO FOLLOW THE ZONING ORDINANCE, THEY WANTED TO DO SOMETHING DIFFERENT AND THAT BUILDING MATERIAL CONFORMANCE WAS IN THIS DOCUMENT.

THEN THOSE PROPERTIES WOULD THEN NO LONGER BE SUBJECT TO THIS DOCUMENT.

THEY BASICALLY THAT 30% WOULD NO LONGER GO INTO THAT ACCOUNT.

IS THAT WHAT WOULD HAPPEN IN THAT CASE? WELL, WE HAVEN'T REALLY DISCUSSED WHAT THE REMEDY WOULD BE.

OKAY I SEE. IT WOULD ALL BE DEPENDENT ON HOW WE STYLED WHAT THAT REMEDY WOULD BE.

RIGHT. OKAY. IT DOESN'T NECESSARILY. IT DOESN'T HAVE TO BE THAT AS A REMEDY.

IT DOESN'T HAVE TO BE THAT THE ENTIRE OR WE JUST DON'T ISSUE THE PERMIT, WHICH WOULD BE MUCH BETTER. OR WE JUST. YES. WE JUST DON'T ISSUE THE PERMIT SO THAT WE COULD WRITE IT. SO THAT'S THE PROBLEM WE'RE IN.

WE HAVE TO ISSUE THE PERMIT, EVEN IF THEY DON'T CONFORM TO THE MU ZONING ORDINANCE THAT YOU PROVIDED AND THAT'S SORT OF THE ISSUE THAT I'M TRYING TO RESOLVE HERE AND THIS IS BASICALLY OUR OPPORTUNITY TO DO IT RIGHT. I DON'T KNOW HOW TO DO IT BECAUSE I'M TAKING AWAY FROM THE INCENTIVE.

I MEAN, HEB, COSTCO, TRADER JOE'S, WHOEVER COMES, THEY'RE GOING TO WANT TO KNOW THEY GOT THE INCENTIVE, AND THEY'RE NOT GOING TO WANT TO BASICALLY BE CROSSED WITH SOMETHING ELSE THAT'S GOING ON WITH THE PROJECT THAT THEY HAVE NO CONTROL OVER.

SO IF THIS IS A CONCERN, I THINK WE OUGHT TO PUT OUR HEADS TOGETHER AND FIGURE OUT HOW TO SOLVE IT.

BUT I DON'T THINK IT SHOULD BE DONE IN THE 380 AGREEMENT.

WELL, IT IS A CONCERN, AND I THINK THE RESULT WOULD BE THAT THEY WOULD JUST FOLLOW THE VISION.

THE MU ORDINANCE WOULD THEN BE ENFORCEABLE AND WE COULD ISSUE PERMITS BASED ON WE COULD HAVE A NEGOTIATION WITH THOSE BUILDERS AS THEY COME FORWARD.

IT'S THE BUILDER HAVING A DIFFERENT VISION THAN YOU THAT I'M CONCERNED ABOUT. I'M NOT WORRIED ABOUT THAT BECAUSE ALL THAT HAS TO GO THROUGH ME.

SO I THINK WE'RE COVERED. I WANT SIMPLICITY, WE ARE DOING A GREAT JOB OF GETTING PEOPLE INTERESTED, COMING AND BUILDING FLOWER MOUND WORLD CLASS DEVELOPERS, AND I WANT TO MAKE THAT PATH FOR THEM AS EASY AS POSSIBLE ON THIS PARTICULAR ISSUE.

MAYBE WE CAN BRING IN MISTY, CAN SIT DOWN, AND WE CAN WORK OUT A WAY TO GET THE COMFORT THAT YOU NEED, THAT WE'RE NOT GOING TO DO SOMETHING CRAZY. BUT I REALLY WANT TO MAKE THIS A STANDARD LOOK ALIKE.

YOU SHOULD BE JAZZED TO COME HERE AS A COMMERCIAL VENDOR.

OKAY, I WOULD LIKE THAT CONVERSATION. FIRST OF ALL, I JUST WANT YOU TO HAVE ASSURANCE THAT I'M ON BOARD WITH THIS 380.

I JUST WANT TO RESOLVE THIS ONE. I CONSIDER IT KIND OF A MINOR ITEM, BUT I WOULD LIKE TO RESOLVE IT AS PART OF THIS AGREEMENT.

BUT I'M NOT TRYING TO HOLD UP THIS AGREEMENT OR IN ANY WAY MAKE IT HARD FOR YOU TO MOVE FORWARD.

I FEEL VERY COMFORTABLE THAT YOU KNOW THE VISION IN TERMS OF WHAT THE ARCHITECTURE IS GOING TO LOOK LIKE, WHAT THE LANDSCAPE IS GOING TO LOOK LIKE, WHAT THE VISION IS GOING TO LOOK LIKE IS GOING TO BE HANDLED IN THE DA.

IF THERE'S SOME CONCERN AS WE GET THROUGH THE DA THAT THERE'S NOT ENOUGH THERE.

THEN WHY DON'T BRYN AND MISTY CAN SIT DOWN AND FIGURE OUT HOW TO CREATE SOMETHING THAT WORKS FOR YOU AND WORKS FOR ME? BUT I STRONGLY ENCOURAGE THE COUNCIL TO. LET'S MAKE THIS A STANDARD 380 AGREEMENT THAT EVERY VENDOR IS USED TO SEEING, WITHOUT ANY TRICKS OR BELLS AND WHISTLES. I THINK WE WOULD LIKE THAT TOO.

YEAH. THANK YOU. I HAVE A QUESTION THAT DOVETAILS INTO THE RESIDENTIAL CONSTRUCTION, AND I DON'T EXPECT YOU TO REALLY ACTUALLY KNOW THE ANSWER,

[00:45:03]

SO I THINK IT WOULD MAKE ME FEEL BETTER IF I KNEW IN YOUR CONTRACT WITH STARWOOD THAT THERE WAS SPECIFICITY WITH THEM, THE AGREEMENT BETWEEN THE TWO OF YOU ON THE BUILDING MATERIALS THAT THEY WOULD USE.

YES, THERE IS. THERE IS. SO COULD WE BE PRIVY TO THAT PART OF THE AGREEMENT, JUST SO THAT WE CAN SEE IN WRITING THAT THOSE THINGS WERE AGREED TO, AND THAT'S A CONTRACTUAL OBLIGATION THEY HAVE TO YOU.

I'LL HAVE TO ASK STARWOOD AS TO WHETHER, YOU KNOW, I DON'T KNOW WHAT THE CONFIDENTIALITY AROUND IT IS, BUT, YOU KNOW, WHAT WE AGREED IS THERE IS A LAND TAKE DOWN SCHEDULE, AND I'VE GOT ARCHITECTURAL APPROVAL AND THERE'S RULES AND REGULATIONS HERE, SO I CAN CERTAINLY ASK STARWOOD FOR PERMISSION.

WOULD THAT HELP YOU FEEL BETTER, ADAM? OKAY. THAT WAY WE KNOW IT'S IN THE AGREEMENT.

I DON'T FEEL COMFORTABLE WITH THAT. WITH IT NOT BEING IN THIS AGREEMENT, I THINK THAT HAVING THOSE ARCHITECTURAL STANDARDS AND IT HELPS PROTECT YOUR VISION AND MAKES SURE THAT WE HAVE THE LONG TERM SURETY THAT IT'S GOING TO HAVE THE DESIGN STANDARDS THAT I JUST DON'T YOU KNOW, I'VE BEEN ADVISED THAT WE DON'T NEED TO DO IT AND WHAT I'M INTERESTED IN IS GETTING THE BIGGEST BANG AND GETTING SALES TAX AND THE ARRANGEMENT I HAD, WITH ANDY EADS AND THE COUNTY IS WE WANTED SOMETHING VERY SIMPLE.

AND I THINK WHAT'S TRANSPIRING IS THIS IS GETTING MORE COMPLICATED THAN IT NEEDS TO BE.

WHEN I CAME HERE, I SAID WE SHOULD BE DONE. WE'VE BEEN WORKING ON THIS THING FOR A LONG, LONG TIME.

I THINK IT'S A LITTLE LATE IN THE DAY, BUT I GUESS IN THE PAST YOU'VE PROMISED A CERTAIN QUALITY OF DEVELOPMENT.

THIS IS THE IT'S GOING TO BE IN THE DEVELOPMENT AGREEMENT, AND WE CAN'T ENFORCE, THAT IT'S NOT ENFORCEABLE BY THE TOWN.

THIS IS THE ONLY MECHANISM THAT I SEE THAT WE CAN ENFORCE IT.

I DO NOT WANT I DON'T THINK IT'S WISE FOR US TO CLUTTER THE 380 AGREEMENT WITH WHAT YOU'RE TRYING TO GET DONE.

I THINK WE OUGHT TO GET BRYN AND MISTY TO FIGURE OUT WHAT DOCUMENT WE COULD DO.

SO I DON'T WANT ANYBODY TO LOOK AT THIS 380 AGREEMENT AND GO, I DON'T UNDERSTAND THIS.

THAT'S FINE. BUT I DON'T FEEL COMFORTABLE VOTING FOR THIS UNTIL WE FIGURE THIS OUT.

OKAY. THAT'S FINE. WHAT I WOULD LIKE THEN IS A REQUEST THAT WE PUT ALL OF COUNCIL MEMBERS, LAWYERS, MARY PETTY, ANDY EADS, MYSELF AND ALL STAFF TO SIT IN A ROOM AND WORK ON THIS AGREEMENT.

I HAVE BEEN PATIENTLY WAITING FOR THIS AGREEMENT SINCE DECEMBER.

I GOT IT FIVE DAYS BEFORE MAY 5TH. SO THAT'S MY REQUEST.

LET'S TABLE IT AND LET'S GET EVERYBODY IN ONE ROOM AND LET'S WALK THROUGH WHAT THE ISSUES ARE.

SO IN ORDER TO SATISFY THAT REQUEST, SINCE WE WOULD ALL BE THERE, IT WOULD BE A QUORUM.

WOULD WE HAVE TO HAVE IT IN OPEN CHAMBERS AS AN OPEN MEETING AND NOTICED PROPERLY WE WOULD.

OKAY. IS THAT OKAY WITH YOU? BECAUSE WE CAN'T WE HAVE TO DO SOMETHING FOLKS, TO.

MAYBE IT'S THE WAY WE DID THE ZONING. WE'VE GOT TO GET EVERYBODY IN THE ROOM, THE PRINCIPALS IN THE ROOM AND THE LAWYERS IN THE ROOM AND THE STAFF IN THE ROOM, AND KIND OF HAMMER OUT TO TRY TO GET TO THE FINISH LINE.

IT'S VERY IMPORTANT FOR THE PROJECT. I DON'T PARTICULARLY LIKE IT IN A WE COULD DO IT TWOS AND FOURS.

WE CAN COME UP WITH A WAY, BUT A COMMITMENT TO BASICALLY BRING EVERYBODY TOGETHER IN A WAY THAT'S APPROPRIATE SO THAT EVERYBODY CAN GET THEIR QUESTIONS ANSWERED AND IN A WAY THAT MAKES SENSE TO DEAL WITH CHRIS'S POTENTIAL ISSUE OR OTHER PEOPLE'S ISSUE TO SEE WHETHER WE CAN SOLVE IT OR NOT.

BUT IT'S IMPORTANT THAT IF THIS PROJECT IS GOING TO GO FORWARD, WE'VE GOT TO FIGURE OUT A WAY TO SOLVE THIS ISSUE AND I BELIEVE WE COULD, BUT I DON'T WANT TO DO IT THE WAY WE'VE DONE IT THE LAST SIX MONTHS.

I WANT EVERYBODY IN A ROOM WITHOUT BREAKING RULES TO MAKE SOMETHING HAPPEN.

I MEAN, I GUESS WE NEED TO GET A CONSENSUS ON.

WELL, I HAVE A QUESTION. SO YOU YOU COMMITTED TO HAVE YOUR ATTORNEY, TOWN ATTORNEY WORK TOGETHER TO MEMORIALIZE THE STANDARDS THAT I THINK WE ALL ARE IN AGREEMENT WILL APPLY.

WE'VE GOT WE HAVE THEM IN THE DEVELOPMENT AGREEMENT. YEAH, BUT IT SEEMS TO BE A DESIRE TO KIND OF GO BEYOND A DEVELOPMENT AGREEMENT TO KIND OF CREATE SOME TYPE OF CONTRACTUAL ARRANGEMENT BETWEEN THE TOWN AND THE APPLICANT AS TO THE LOOK OF FIRST RANCH AND YOU'RE OPEN TO THAT [INAUDIBLE].

I AM WILLING TO SIT DOWN AND LOOK AND SEE WHAT THAT DOCUMENT CAN LOOK LIKE, BECAUSE I'M GOING TO BUILD IT.

BUT I'VE BEEN ADVISED THAT THE DEVELOPMENT AGREEMENT IS ALL YOU NEED, AND YOU'VE BEEN ADVISED THAT THAT'S NOT GOOD ENOUGH.

SO WE NEED TO GET ALL THE PRINCIPALS TOGETHER TO SEE WHETHER WE CAN COME UP WITH A SOLUTION THAT WORKS FOR YOU AND WORKS FOR US.

SO IS THAT THE CASE, BRYN? I MEAN, OR TOMMY, THAT'S THE CASE, THAT HE WOULD HAVE TO HAVE SOMETHING SEPARATE. TO RESTATE THAT, BECAUSE I WAS TALKING WITH BRYN DURING THAT PORTION OF THE CONVERSATION,

[00:50:04]

I THINK THE TOWN WOULD LIKE SOME TYPE OF AGREEMENT BETWEEN ME AND THE TOWN OR THE APPLICANT AND THE TOWN IN TERMS OF, YOU KNOW, LOOKS, YOU KNOW, WHATEVER THE HOT BUTTONS ARE THAT SEPARATE THIS, THAT GIVE YOU GUYS COMFORT.

AND WE HAVE A CLAUSE, WE HAVE LANGUAGE THAT IS NOT IN THE CURRENT AGREEMENT THAT WOULD MEMORIALIZE THE BUILDING STANDARDS.

WE HAVE THAT LANGUAGE, RIGHT? THAT'S RIGHT AND AGAIN, I'VE BEEN BACK AND FORTH JUST NEGOTIATING WITH THEM AND I PUT IT IN THERE AND I AND SHE TOOK IT OUT AND SO THIS THAT'S WHY IT'S NOT CURRENTLY IN HERE.

RIGHT. SO JACK, IF THAT WERE IN THIS DOCUMENT I WOULD VOTE FOR IT AND IF YOU WOULD AGREE TO PUT IT IN THE DOCUMENT, I WOULD VOTE FOR IT WITH THAT CLAUSE IN THE MOTION.

SO I DON'T WANT YOU TO FEEL LIKE WE'RE GOING TO GO BACK AND FORTH, BACK AND FORTH ON THIS. FOR ME, IT'S DOWN TO THIS ONE SIMPLE ITEM. THERE'S A DISAGREEMENT.

WE JUST HAVE TO AGREE ON WHAT TO DO. AND IS THAT IT? AND THAT'S YOUR SAME ISSUE AS WELL OKAY. AND SO I GUESS MY QUESTION JUST TO PULL THIS A LITTLE BIT MORE, YOU'RE COMMITTED TO FINDING THAT SOLUTION TO SO WE CAN MEMORIALIZE THAT IN A DOCUMENT AND AN AGREEMENT BETWEEN THE TOWN AND THE APPLICANT, JUST NOT THE 380 AGREEMENT. IS THAT VEHICLE? YEAH.

WHAT I'M HOPING. LOOK, I DON'T HAVE A LAWYER TODAY, BUT WHAT I WOULD LIKE TO SEE IS, IS THAT I WOULD LIKE A CLEAN 380 AGREEMENT SO THAT WHEN WE'RE TALKING TO TENANTS THAT THEY SEE A CLEAN 380 AGREEMENT.

THERE SEEMS TO BE A DESIRE TO TAKE WHAT'S IN THE DEVELOPMENT AGREEMENT AS IT RELATES TO STANDARDS AND TIE THEM UP IN SOME CONTRACTUAL WAY WITH THE TOWN. AND SO WHAT I WANT TO DO IS I WANT TO GET ADVICE AS TO WHAT THAT AGREEMENT COULD LOOK LIKE, TO SEE WHETHER IT WOULD BE SATISFACTORY TO MY LAWYER AND MY TEAM.

OKAY. SO MY DREAM IS, THAT THE 380 AGREEMENT IS NOT CLUTTERED WITH THAT PARTICULAR ISSUE.

IT'S JUST A STANDARD 380 AGREEMENT WITH A POTENTIAL TENANT.

OKAY AND THIS OTHER ISSUE, I'D LIKE TO SEE WHETHER BRYN AND AND MISTY CAN SORT AWAY TO GET THE COMFORT THAT YOU NEED AWAY FROM THE 380 AGREEMENT. OKAY. THANKS. AND SO, BRYN, GIVEN THAT WHAT IS WHAT ARE YOUR THOUGHTS ON A SEPARATE STANDALONE AGREEMENT THAT MEMORIALIZES THIS THAT IS ENFORCEABLE? THAT WOULD SATISFY THE REQUESTS.

WE COULD DO IT IN A SUBSEQUENT ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT.

THAT'S WHAT I WOULD RECOMMEND AND THAT WOULD BE ENCOMPASSING THE ENTIRE PROPERTY.

YES. SO IF WE ARE PREPARED TO SUPPORT ADDITIONAL ECONOMIC DEVELOPMENT INCENTIVES FOR THE DEVELOPMENT, THAT REQUIREMENT CAN GO IN THAT SUBSEQUENT AGREEMENT, FOR INSTANCE, SALES TAX OR HOT TAX OR ANYTHING LIKE THAT, BUT JUST PUTTING SOMETHING IN A DEVELOPMENT AGREEMENT THAT SAYS, YOU KNOW, YOU'LL PAY IMPACT FEES AT THIS POINT AND THEN, YOU KNOW, DEVELOPMENT PERMITS WILL BE ISSUED BY THIS POINT. THAT'S JUST MEMORIALIZING WHAT THE ORDINANCE IS, SAY AND THERE REALLY ISN'T A WHOLE LOT OF CONSIDERATION.

CONTRACTS. IN ORDER TO BE ENFORCEABLE, THEY HAVE TO BE SUPPORTED BY MUTUAL CONSIDERATION, AND THE BEST MUTUAL CONSIDERATION IS FOR PERFORMANCE IS MONEY.

AND SO THAT'S WHAT THIS AGREEMENT DOES. AND THAT'S WHAT A SUBSEQUENT ECONOMIC DEVELOPMENT AGREEMENT WOULD DO.

OKAY. THANK YOU. AND SO JACK, GIVEN THAT, WOULD YOU BE OPEN TO HAVING THAT INCLUDED IN A SUBSEQUENT 380 AGREEMENT IF ONE CAME UP? I NEED ADVICE OF COUNSEL. BUT, YOU KNOW, AGAIN, CONCEPTUALLY, I'M NOT I BELIEVE WE OUGHT TO BE ABLE TO FIGURE OUT A WAY TO GET YOU ALL COMFORTABLE WITH WHAT WE'RE DESIGNING AND BUILDING AND THE REASON I SAY THAT IS BECAUSE I'M GOING TO HAVE TO DO THAT ANYWAY, BECAUSE I'VE GONE TO I'VE GOT TO GO TO TOWN STAFF TO GET THAT DONE.

I MEAN, THEY WON'T ISSUE THE BUILDING PERMIT IF THEY DON'T LIKE IT, THEY WON'T ISSUE IT. SO I YOU KNOW, COMING INTO THIS MEETING, I FELT LIKE THIS. WE ALREADY HAD THIS COVERED.

THIS FEELS LIKE A BELT AND SUSPENDER AND WITH ALL DUE RESPECT AND SO I'LL SIT DOWN AND TRY TO FIGURE OUT WITH MY TEAM HOW TO GET YOU WHAT YOU WANT. BUT I WANT TO LEAVE THE MESSAGE THAT I THINK IT'S IMPORTANT IN TERMS OF GETTING THE TENANTS THAT WE WANT, THAT WE HAVE A SIMPLE STANDARD 380 AGREEMENT THAT DOES AND I'M JUST TRYING TO FIND OUT IF THERE'S A WAY THAT WE CAN EXPLORE WHAT A MECHANISM MIGHT BE TO DO THAT IN THE FUTURE. OBVIOUSLY, THE ATTORNEYS WILL NEED TO SORT OUT THE DETAILS AND THE LEGAL ASPECTS OF THAT.

UNDERSTAND IF YOU HAVE A COMMITMENT TO MEMORIALIZING THAT AS MUTUALLY AGREEABLE TO THE ATTORNEYS, IF THAT WOULD BE ENOUGH TO GET US TO THE POINT WHERE WE ARE COMFORTABLE WITH THIS AGREEMENT.

AS IT STANDS, THE CLEAN ONE, YOU KNOW, AS WAS BROUGHT TO US TONIGHT SO WE CAN GET THIS MOVING FORWARD, KNOWING THAT YOU DO HAVE THOSE DEVELOPMENT REQUIREMENTS OR THE MATERIAL REQUIREMENTS IN YOUR CONTRACTS THAT YOU ALREADY HAVING THE COMMITMENT TO,

[00:55:09]

WOULD THAT BE ENOUGH FOR THE COUNCIL TO TO MOVE FORWARD? NO,, BECAUSE THEN WE'RE TALKING ABOUT ADDITIONAL INCENTIVES TO GET THE DESIGN REQUIREMENTS IN ANOTHER.

DEVELOPMENT OR ANOTHER INCENTIVE AGREEMENT? YEAH, I EXPECT THAT A FUTURE 380 AGREEMENT WOULD HAVE THE SAME.

WE'D BE HAVING THE SAME CONVERSATION ABOUT THAT AGREEMENT. SO I DON'T THIS IS A 380 AGREEMENT.

LET'S JUST FIX IT NOW. YEAH, YEAH. I GOT IT FROM MY PERSPECTIVE, I'M.

LOOK, THIS IS A LONG DATED PROJECT. I THOUGHT WE WERE MUCH FURTHER ALONG FOR THIS MEETING.

I GUESS WE'RE NOT. THE GOOD NEWS IS THAT THERE'S.

IF THERE'S A WILL, THERE'S A WAY. WHAT I'M HEARING FROM COUNCIL, IS THAT YOU HAVE NO PROBLEM WITH THE 380 AGREEMENT WHEN IT'S CONFIGURED, EXCEPT YOU WANT TO TIE IN ARCHITECTURAL STANDARDS NOT ONLY IN THE MIXED USE, BUT IN THE PRAIRIE VISTA AND THE AND THE CROSS TIMBERS.

OR IS IT JUST THE MIXED USE? WELL, THAT WAS JUST THE MIXED USE, ISN'T IT? YEAH. NO, I THOUGHT ADAM WAS REFERRING TO ARCHITECTURAL STANDARDS WITHIN THE ENTIRETY OF THE PROJECT BECAUSE THE CONCERN WAS THAT ON THE RESIDENTIAL SIDE.

PLEASE CORRECT ME IF I GOT IT WRONG. THE RESIDENTIAL SIDE.

THEY MIGHT NOT ADHERE TO THE STANDARDS THAT WE JOINTLY WOULD BE LOOKING FOR.

IS THE PRAIRIE VISTA IN THE CROSS TIMBERS PART OF THE 380? NO, BUT THEN I WOULDN'T BE. THEN I WOULDN'T INCLUDE IT.

BUT OKAY, SO THAT'S EXCLUDED THE 380. I MEAN, THE 380 IS JUST RELATED TO US.

IT'S THE CROSS TIMBERS IS NOT IN THE TOWERS. THAT'S THE QUESTION.

ANYTHING THAT'S NOT IN THE TOWERS, I WOULD NOT CROSS TIMBERS IS NOT IN THE TOWERS. THE ONLY RESIDENTIAL COMMUNITY THAT'S IN THE TOWERS.

AND I COULD BE CORRECTED BY BRANT IF I'M WRONG, BUT OR ANYBODY IS THAT IT'S THE PRAIRIE VISTA AND THE MIXED USE.

WELL, ANYTHING THAT'S IN THE TOWERS IS THE ONLY THING. I'M OKAY. SO ANYTHING IN THE TOWERS? YEAH AND SO I JUST NEED ADVICE OF COUNSEL AS TO KIND OF HOW TO SORT THROUGH THAT.

YEAH. BUT WHAT I DON'T WANT TO DO IS I DON'T WANT TO HAVE.

IF SOMETHING GOES WRONG IN THE PRAIRIE VISTA, AND I DON'T KNOW WHAT THE REMEDY WOULD BE.

SOMEBODY DIDN'T DO SOMETHING RIGHT. YOU KNOW, H-E-B OR WHOMEVER STILL DESERVES TO GET THEIR ECONOMIC.

I THINK WHAT IT WAS. SO, YOU KNOW, SO THAT'S WHY I'M.

THAT MAKES SENSE TO ME. YOU KNOW, BECAUSE WE THESE GUYS ARE COMING AND SAY, I'M GOING TO GET THEM IF SOMEBODY ELSE DOES SOMETHING WRONG IN THE TERRITORY, THEY CAN'T BE HELD RESPONSIBLE FOR THAT AND I THINK THE EASY WAY TO SOLVE THAT IS WHEN THEY COME IN TO ASK FOR A BUILDING PERMIT, THE PLANNERS LOOK AT IT AND SAY IT CONFORMS TO THE STANDARDS. HERE'S YOUR PERMIT. AND THEN FROM THAT POINT FORWARD, THAT'S DONE.

IT'S DONE. SO THERE WOULDN'T BE A POINT WHERE WE'D SAY, YOU KNOW, WHERE YOU BUILT A HOUSE THAT WAS CONFORMING TO OUR STANDARDS AND NOW WE DON'T LIKE IT ANYMORE. AND NOW YOU'VE LOST THAT. THAT WAS DEFINITELY NOT THE REMEDY THAT I'M PROPOSING.

SO LOOK, I APPRECIATE THE ENERGY THAT'S GONE FORTH WITH COUNCIL IN TERMS OF WANTING TO BASICALLY BE COMPETITIVE IN THE MARKET TO GET THE TENANTS THAT WE WANT.

I THOUGHT WE WERE KIND OF COVERED WITH WHAT'S IN THE DEVELOPMENT AGREEMENT. I GUESS THE APPLICANT AND THE TOWN HAVE A DISAGREEMENT AS TO KIND OF HOW THAT WORKS.

SO I GET THAT. SO THE QUESTION IS CAN I GET YOU GUYS THE TEAM COMFORTABLE WITH, YOU KNOW, WHAT OUR DEVELOPMENT AND ARCHITECTURAL STANDARDS ARE AND WHAT WE THINK IT'S GOING TO LOOK LIKE.

AND SO WE OUGHT TO BE ABLE TO DO THAT AND, AND WE'LL FIGURE OUT HOW TO DO THAT IN A WAY THAT GETS PEOPLE COMFORTABLE.

IF WE DON'T GET COMFORTABLE, WE WON'T GET THE 380 AGREEMENT AND WE'LL FIGURE IT OUT.

WELL, I THINK WE'LL GET THIS DONE. BUT THE I MEAN, THE LAST REVISION CAME OUT LIKE THREE HOURS AGO OR SOMETHING.

SO IT'S BEEN COMING UP TO THE LAST MINUTE. I TOTALLY AGREE AND YOUR FRUSTRATION IS THE SAME AS MINE.

I'LL JUST OFFER YOU THIS POSSIBLE PATH FORWARD.

WE COULD APPROVE IT WITH A LANGUAGE THAT SAYS WHAT WOULD BE THE LANGUAGE? IT'S CONTINGENT ON THE ADDITION OF THE BUILDING MATERIALS CLAUSE, AND THAT WOULD HAVE TO BE AGREED BY YOUR ATTORNEY AND BRYN IF YOU AGREE IT'S APPROVED AND IT'S DONE AND WE DON'T HAVE TO COME BACK. AND IF YOU DON'T AGREE, THEN I SUPPOSE WE'LL COME BACK AND DO THE OTHER REMEDY.

YEAH. SO, I MEAN, IF WE CAN BECAUSE YOU IF YOU ALL ARE, YOU WANT YOUR TEAM TO BE THERE BEFORE YOU MAKE ANY ACTION ON THIS.

WELL, YOU'RE NOT COMMITTING YOURSELF. I'M NOT. WHAT I'M HEARING ADAM SAY IS THAT THERE'S A POSSIBILITY THAT MAYBE WE COULD VOTE THIS 380 AGREEMENT TONIGHT, BUT IT WOULD HAVE THE LANGUAGE THAT YOU SUGGESTED AND THEN WHAT I WOULD WANT IS I WOULD WANT BRYN AND MISTY TO HAVE A CONVERSATION AND ALLOW ME TO HAVE THE OPPORTUNITY TO TALK TO MISTY TO SEE WHETHER THAT WORKS. IF IT WORKS GREAT, IF IT DOESN'T WORK, THEN WE CAN COME BACK TO THE OTHER REMEDY AND I JUST WANT YOU TO UNDERSTAND THAT IT'S REALLY JUST THIS ONE THING.

[01:00:01]

UNDERSTAND? AND I JUST WANT TO MAKE SURE THAT I'M BEING PROPERLY ADVISED.

BRYN. COUNCILMEMBER. SCHIESTEL. SO UNDERSTANDING MISTY'S OBJECTION TO THE BUILDING MATERIALS MADE SENSE IN TERMS OF HOW IT WAS ORIGINALLY PROPOSED.

SHE DIDN'T WANT A CROSS-COLLATERALIZATION OF OBLIGATIONS.

IN OTHER WORDS, SHE DIDN'T WANT THE APARTMENT COMPLEXES TO BE BAD ACTORS AND THAT SOMEHOW AFFECTS THE GRANTS TO ALL THE OTHER RETAIL USERS.

SO I'M QUITE HAPPY TO DISPENSE WITH THAT AND I CAN APPRECIATE THAT THIS IS A LARGE PROPERTY.

WHAT I WOULD SUGGEST IS THERE IS A WAY TO ADD THAT CONDITION IN HERE WITHOUT IT HAVING ANY CONSEQUENCE WHATSOEVER TO ANY END USER AND THAT IS WE JUST SIMPLY INCLUDE LANGUAGE. AND AGAIN, JACK DOESN'T HAVE HIS ATTORNEY HERE, SO I'M CERTAINLY NOT EXPECTING AN ANSWER.

BUT WE COULD HAVE LANGUAGE THAT BASICALLY IS A CONTRACTUAL COMMITMENT THAT IT RUNS WITH THE LAND.

IT ESSENTIALLY SAYS THEY AGREE THAT WE DON'T ISSUE A BUILDING PERMIT FOR ANY STRUCTURE THAT DOES NOT COMPLY WITH THE NEW ORDINANCE STANDARDS, NOT THE TOWN'S CODE STANDARDS, JUST THAT SPECIAL MU ORDINANCE FOR THE PROPERTY ITSELF.

I IRONICALLY [INAUDIBLE]. I'VE ACTUALLY BEEN TEXTING BACK AND FORTH DURING THIS CONVERSATION.

THANK YOU. MISTY. YEAH, SHE'S ON IT. SHE IS ON IT.

HER CONCERN AND WE'RE CATCHING HER COLD ON THIS.

HER CONCERN IS THAT IF WE PUT ANYTHING WITH RESPECT TO BUILDING MATERIALS, APPLYING PROPERTY WIDE IS.

SHE SAID RETAIL WILL NOT UNDERSTAND THAT LANGUAGE AND MAY BE CONCERNED BY THE CONFUSION THAT IT MAY CAUSE.

I DON'T KNOW IF THAT'S TRUE OR NOT, BUT THAT'S HER FEEDBACK.

BUT THERE IS A WAY TO DO THIS WHERE THERE IS NO THERE'S ZERO CONSEQUENCE OR PENALTY.

THE AGREEMENT DOESN'T GET CANCELED. IT'S NOT A BREACH.

THERE IS NO PENALTY TO THE END USERS. THEY CONTINUE TO RECEIVE THEIR MONEY.

OKAY, SO BRYN APPROVED CONTINGENT ON THE ADDITION OF A CLAUSE THAT NO BUILDING PERMIT WILL BE ISSUED FOR ANY STRUCTURE THAT FAILS TO CONFORM TO THE MU ORDINANCE STANDARDS. RIGHT. AND THEN WE CAN. THAT WAY.

NO, I'M JUST IT'S I'M JUST CONSIDERING WHAT EMOTION MIGHT LOOK LIKE IF WE MADE IT, I UNDERSTAND I'M NOT MAKING A MOTION, BUT THANKS FOR POINTING THAT OUT. I ALSO WANTED TO OFFER A LITTLE PERSPECTIVE FROM OTHER RESIDENTS, BECAUSE I HAVE BEEN HEARING SOME RUMBLINGS ABOUT THIS IS NOT WHAT HE SAID HE WOULD DO, AND HE WAS GOING TO KEEP IT FOREVER.

I WAS LIKE, NO, THAT WASN'T MY UNDERSTANDING.

PEOPLE ARE UPSET ABOUT THE STARWOOD DEAL, AND I TRIED TO EXPLAIN, AND MAYBE YOU CAN HELP ME WITH A BETTER EXPLANATION OF THAT.

BUT I SAID, NO, I DON'T THINK THAT WAS EVER WHAT THE INTENTION WAS TO KEEP IT FOREVER.

AS JACQUES FIRST PROPERTY IN PERPETUITY, 100% THAT YOU WOULD SELL THINGS OFF? YEAH. NO. SO TO BUILD. YOU KNOW, OBVIOUSLY WE'RE GOING TO SELL RESIDENTIAL HOMES.

I NEED A RESIDENTIAL DEVELOPER. HINES WAS OUR CHOICE.

THEY ARE SPECTACULAR. HINES GOT APPROACHED BY STARWOOD AND SAYS, YOU HAVE 11 GREAT PROJECTS IN TEXAS, AND THAT WE WOULD LIKE TO BUY THOSE PROJECTS FROM YOU.

HINES. AND SO THERE WAS A TRANSACTION BETWEEN STARWOOD LAND AND HINES.

STARWOOD LAND PICKED UP THESE 11 PROJECTS. FIRST RANCH BEING ONE OF THOSE.

I WAS NOT A PARTY TO THAT TRANSACTION, BUT MY CONSENT TO THE TRANSACTION WAS REQUIRED.

AND I MET WITH THE PRESIDENT OF STARWOOD LAND FOR SEVERAL HOURS.

I'VE HAD SEVERAL CONVERSATIONS SINCE. I'M VERY EXCITED BECAUSE STARWOOD LAND TAKES A SLIGHTLY DIFFERENT APPROACH THAN HINES.

HINES IS LIKE ALL AMERICAN, ALL STAR. VERY GOOD.

STARWOOD LAND IS LIKE HALL OF FAME. AND SO I FEEL THAT WE AT FLOWER MOUND AND AT FIRST RANCH HAVE BENEFITED FROM STARWOOD LAND COMING INTO THE EQUATION. THEY TEND TO AMENITIZED AND THEN BEYOND.

SO I'M VERY EXCITED ABOUT THEIR AMENITY PACKAGE.

THE HINES AMENITY PACKAGE WAS SPECTACULAR. I THINK THE STARWOOD LAND ONE WILL BE BETTER.

AND THEY'RE VERY EXCITED ABOUT THE OVERALL VISION OF WHAT WE'RE TRYING TO DO AT FIRST RANCH.

SO I CAN TELL YOU, I'M STILL INVOLVED. I HAVE ARCHITECTURAL APPROVAL, AND WE ARE WORKING HAND IN HAND WITH STARWOOD LAND, JUST LIKE WE WORKED WITH HINES. SO JACK FIRST HAS GONE NOWHERE IN THIS PROJECT, AND IT WAS ALWAYS MY UNDERSTANDING THAT AS PROJECTS CAME FORWARD, YOU WOULD BE WORKING WITH BUSINESS PARTNERS AND PROPERTY WOULD CHANGE HANDS.

[01:05:01]

I MEAN, I HEARD I MEAN, I DON'T THINK THEY WANT TO RENT FROM JACK FIRST.

I THINK THEY WOULD WANT TO OWN THEIR HOME AND SO ONE OF THE THINGS THAT WE'RE GOING TO OFFER AT FIRST RANCH IS FOR YOU, THE OPPORTUNITY TO BUY A HOME. A FEE SIMPLE TRANSACTION WITH A HOME ON IT AND AS YOU MOVE INTO THE MIXED USE, THERE WILL BE OPPORTUNITIES WHERE WE WILL DO FEE SIMPLE TRANSACTIONS LIKE WE DID WITH THE GROCER, AND THEN THERE'LL BE OTHERS WHERE WE WILL DO BUILD TO SUITS AND SO OVER TIME THE RANCH WILL BE OWNED FEE SIMPLE BY SOME FOLKS AND WE'LL STILL RETAIN OWNERSHIP WITHIN FIRST ENTITIES ON SOME.

IT'S A LONG DATED PROJECT, AND WE'LL JUST HAVE TO WAIT AND SEE.

BUT CLEARLY H THE GROCER IS BUYING LAND AND OUR RESIDENTS WILL BE BUYING LAND.

THANK YOU. GOOD. THANK YOU. ALL RIGHT. DO YOU ALL HAVE ANY MORE QUESTIONS FOR JACK? I APPRECIATE YOU COMING UP. OH, THANK YOU VERY MUCH.

I DON'T KNOW WHERE WE'RE GOING, BUT IF WE'RE GOING TO DO SOMETHING THAT'S SUBJECT TO SOMETHING.

YEAH. WE ARE. I CAN THEN WORK WITH MISTY TO SEE WHAT I WOULD VERY MUCH APPRECIATE IT.

YEAH. SO AFTER THE PUBLIC HEARING, MAYBE WE'LL GO OVER SOME POTENTIAL. YEAH. WE.

YEAH, WE STILL HAVE TO OPEN IT FOR PUBLIC HEARING, WHICH. THANK YOU ALL VERY MUCH.

YEAH. SO, YEAH. NOW WE'LL CLOSE THIS THIS SESSION AND OPEN IT FOR THE PUBLIC HEARING.

IS THERE ANYONE PRESENT THAT WOULD LIKE TO MAKE PUBLIC COMMENT? DO WE HAVE. ALL RIGHT. ANYONE? OKAY. SO WE WILL CLOSE THIS PUBLIC HEARING AND DISCUSS ANY QUESTIONS THAT YOU GUYS HAVE. SO BASED ON THE LAST CONVERSATION FROM BRYN, DID I INTERRUPT YOU AN OKAY, SO THE POTENTIALLY WE COULD APPROVE THIS CONTINGENT ON THE ADDITION OF A CLAUSE THAT NO BUILDING PERMIT WILL BE ISSUED FOR ANY STRUCTURE THAT FAILS TO CONFORM TO THE NEW ORDINANCE STANDARDS. IS THAT MORE OR LESS? YES.

AND SO THEN THE OTHER PART IS DOES THIS RUN IN PERPETUITY OR DOES IT RUN FOR THE 30 YEAR LIFE OF THE AGREEMENT? OKAY. SO IT WOULD BE ONLY. OKAY. SO HANG ON. SO YOU'RE SAYING THAT IF THE BUILDING WERE TO CHANGE AT SOME POINT IN THE FUTURE, WHAT WOULD THAT THE IMPACT OF THAT BE? HOW LONG DOES THAT OBLIGATION FOR THE USE OF NEW BUILDING MATERIALS? HOW LONG DOES THAT LAST? WELL, ONCE SOMEBODY BUYS THE HOUSE, I MEAN, IT'S KIND OF THEIR HOUSE NOW AND THEY'LL HAVE TO DEAL WITH, YOU KNOW, THE PERMITTING OFFICE FOR ANYTHING THEY'RE TRYING TO DO. I WOULD THINK IT WOULD BE A ONE TIME THE INITIAL BUILDING PERMIT IS ISSUED AND THEN THAT'S ISSUED.

AND NOW IT'S THAT DECISION IS HOW WOULD WE ARTICULATE THAT THERE ACTUALLY COULD BE AND I THINK IT WOULD BE THE LIKELIHOOD WOULD BE REMOTE.

BUT GOD FORBID IF THERE WERE A LIGHTNING STRIKE AND A HOUSE WERE TOTALED, IT WOULD HAVE TO BE REBUILT.

SO I WOULD THINK IT WOULD BE APPROPRIATE NOT TO SAY IN PERPETUITY, BUT ONLY FOR THE TERM OF THE TIRZ, BECAUSE AFTER THAT TIME, THE TRANSFER OF FUNDS THAT WOULD BE TIED TO THE TIRZ WOULD BE OVER, PRESUMABLY. SURE. YES. THAT WOULD BE CORRECT.

OKAY. SO GIVEN THAT JACK, IS THIS AGREEABLE TO YOU, THIS DOESN'T OBLIGATE YOU TO ANYTHING.

IT JUST GETS IT APPROVED AND THEN IF MISTY AND BRYN ARE ON THE SAME PAGE AND YOU'RE IN AGREEMENT WITH WHAT THEY AGREE ON, THEN THIS IS A DONE DEAL. YOU DON'T HAVE TO COME BACK AGAIN.

BUT IT LOOKS LIKE THE ONLY WAY. TO GET A VOTE TONIGHT.

THE ONLY WAY THAT WE WOULD BE FORTUNATE ENOUGH TO GET IT IS THAT YOU WANT TO HAVE THIS RIDER, THIS CONTINGENCY. AND SO I'M COMFORTABLE I'M COMFORTABLE HAVING THE RIDER CONTINGENCY.

YOU GUYS WILL GET COMFORTABLE WITH IT. MY TEAM WILL EITHER GET COMFORTABLE WITH IT OR WE WON'T.

IF WE WON'T, THEN WE'LL COME BACK AND TRY TO FIGURE SOMETHING ELSE OUT.

BUT CLEARLY, HERE, YOU WANT TO WORK WITH YOU.

I JUST I NEED TO MAKE SURE THAT MY TEAM IS COMFORTABLE WITH WHAT WE'RE AGREEING TO.

WELL, I THINK IT'S IMPORTANT THAT WE APPROVE IT IN THIS MANNER, BECAUSE AT LEAST IT SAYS THAT WE AGREE WITH EVERYTHING ELSE IN THE 380, AND THAT IS KIND OF. LOOK, I VERY MUCH APPRECIATE THE ENERGY AND THE CREATIVITY OF WHERE WE ARE.

I DO, AND I APPRECIATE WHERE CHRIS IS AND I APPRECIATE WHERE YOU ARE AND I'D LIKE TO FIND A SOLUTION.

I DON'T KNOW WHETHER IT'S WITHIN THIS AGREEMENT OR ANOTHER AGREEMENT.

BUT IF WHAT I'VE, WHAT CAN BE APPROVED TONIGHT WOULD BE GREAT.

AND THEN I'LL JUST SEE WHETHER WE CAN LIVE WITH IT.

ON WHETHER BRYN AND MISTY CAN COME UP WITH SOMETHING WE CAN LIVE WITH ON OUR SIDE, OR WE'LL COUNTER BACK AND SAY, IT'S NOT GOING TO WORK, BUT LET'S TRY ANOTHER AND JUST WORK OUR WAY THROUGH IT. AND THEN I'M GOING TO BE HERE FOR A LONG TIME.

[01:10:05]

THAT PERSON WOULD HAVE TO BE A PART OF THE AGREEMENT, WHICH ISN'T FEASIBLE. SO IT WOULD JUST BE LAND CURRENTLY UNDER THE OWNERSHIP OF THE DEVELOPER AND YOU'RE GOOD WITH THE 30 YEAR APPLICABILITY? ABILITY. YEAH, I WOULD IMAGINE VERSUS IN PERPETUITY.

PERPETUITY PROBABLY DOESN'T WORK. 30 YEARS IS FINE.

SUBJECT TO GETTING ADVICE FROM MY TEAM. BUT I GET THAT.

WHAT I'M MAINLY INTERESTED TODAY IS WAS EXCITED ABOUT WHERE WE'RE GETTING READY TO GO TO VEGAS.

WE WANT TO GO WIN THERE. I THINK THIS ENERGY IS GOOD.

I'M HEARING WHERE ADAM AND CHRIS ARE AND THE REST OF THE COUNCIL IS THIS.

SO LET'S SEE WHETHER WE CAN COME UP WITH SOMETHING THAT EITHER WORKS THE WAY WITHIN A 380 AGREEMENT OR A SIDE AGREEMENT, A SEPARATE AGREEMENT THAT WOULD GET YOU TO THE SAME PLACE AND I'D LIKE MY TEAM TO CREATIVELY WORK WITH YOUR TEAM TO FIGURE THAT OUT.

THANK YOU. JACK, I JUST WANTED TO MAKE SURE YOU WERE COMFORTABLE WITH THIS BEFORE I MADE A MOTION ON IT. YES.

I'M AND THANK YOU. AND MAYOR AND COUNCIL. OFTENTIMES WE DON'T AS LAWYERS, WE DON'T INCLUDE LANGUAGE THAT'S LEGALLY REDUNDANT.

HOWEVER, IF IT'S HELPFUL FOR RETAIL END USERS TO SEE ADDITIONAL LANGUAGE THAT STATES MEANING SUCH AS THIS PROVISION SHALL NOT ALLOW THE TOWN TO DECLARE THE AGREEMENT IN BREACH, AND SHALL NOT AFFECT OR NOT BE PERMITTED TO AFFECT THE PAYMENT OF MONIES TO FULLY COMPLIANT END USERS.

PERHAPS THAT SORT OF REASSURING LANGUAGE MIGHT MIGHT BE HELPFUL.

HAPPY TO PAT IT IN ANY WAY THAT WE THINK MIGHT BE WELCOMED AND WELL RECEIVED BY END USERS.

DOES THAT NEED TO BE IN THE MOTION? IS THAT WHAT YOU'RE SUGGESTING? NO, BECAUSE THOSE AREN'T SUBSTANTIVE.

THAT'S NOT SUBSTANTIVE LANGUAGE. THAT DOESN'T CHANGE THE PERFORMANCE OBLIGATIONS. THAT'S JUST STATING THE SILENT PART OUT LOUD.

OKAY. AND THAT'S YEAH, I HAVE NO OBJECTION TO THAT AT ALL.

YEAH. ALL RIGHT. SO I'LL TAKE A STAB AT THIS MOTION.

IF ANYONE DISAGREES WITH THE WAY I PHRASED THIS, PLEASE JUMP IN AND WE CAN TRY AGAIN.

ALL RIGHT. SO I WILL MOVE APPROVAL OF 1171 COMMERCIAL CHAPTER 380.

CONTINGENT ON THE ADDITION OF A CLAUSE THAT NO BUILDING PERMIT WILL BE ISSUED FOR ANY STRUCTURE THAT FAILS TO CONFORM TO THE MU ORDINANCE STANDARDS FOR THE TERM OF THE TIRZ.

I'LL SECOND IT. IT SOUNDS GOOD. OKAY, WE'LL TAKE THE ROLL.

ALL RIGHT. GOOD. THIS ITEM PASSES BY UNANIMOUS VOTE, WITH THE CONTINGENCY BEING ADDED LATER.

OKAY. ALL RIGHT, SO THE TIME IS NOW 8:10. AND THIS MEETING IS ADJOURNED.

AT THIS TIME, WE WILL THEN RESUME THE TAX INCREMENT REINVESTMENT ZONE MEETING FOLLOWING THIS.

* This transcript was compiled from uncorrected Closed Captioning.