[00:00:03]
          GOOD EVENING FLOWER MOUND. THE TIME IS NOW 6:01 AND WE ARE. 
          [*This meeting is missing content*]
          [A. CALL TO ORDER]
I'M CALLING THIS MEETING TO ORDER THIS EVENING AND TONIGHT WE WILL START WITH OUR
INVOCATION. 
          CHAPLAIN JERRY SPEIGHT WILL SAY THE INVOCATION. 
          SO IF YOU WILL JUST RISE AND STAY STANDING FOR THE PLEDGE OF ALLEGIANCE. 
          THANK YOU. PRAY WITH US, PLEASE. OUR FATHER,
WE COME TO YOU THIS EVENING WITH THANKFUL HEARTS FOR WHO YOU ARE AND FOR WHAT YOU DO FOR US AS A NATION. WE THANK YOU FOR OUR NATION AND THE PRIVILEGE WE HAVE OF LIVING IN A FREE
COUNTRY, AND WE PRAY FOR THE LEADERSHIP IN OUR NATION. 
          WE THANK YOU FOR FLOWER MOUND, AND WE THANK YOU FOR THE PRIVILEGE OF BEING HERE AND FOR
LIVING HERE. 
          THANK YOU FOR THE LEADERSHIP THAT YOU'VE GIVEN US HERE. 
          AND THIS EVENING WE THANK YOU ESPECIALLY FOR THOSE WORKERS WHO ARE WORKING OUTSIDE IN THE
HEAT AND FOR THE DILIGENT WORK THAT THEY THEY PERFORM. 
          AND I PRAY FOR WISDOM THAT THEY NEED AND PROTECTION TODAY AS THEY TRY TO RESTORE THE WATER
TO THE BUILDING. 
          AND SO WE COMMIT OUR EVENING TO YOU ASK FOR YOUR WISDOM,
FOR THE DECISIONS TO BE MADE, AND FOR YOUR WATCH CARE OVER US. 
          AND WE GIVE YOU THANKS IN CHRIST'S NAME. AMEN. 
          AMEN. PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC
FOR WHICH IT STANDS. ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. 
          HONOR THE TEXAS FLAG. I PLEDGE ALLEGIANCE TO THEE;
TEXAS. 
          ONE STATE UNDER GOD, ONE AND INDIVISIBLE. 
          THANK YOU FOR THAT. GOOD. THAT GREAT INVOCATION THIS EVENING. 
          AS CHAPLAIN SPEIGHT SAID, WE ARE IN THOUGHTS WITH OUR SERVICES THAT ARE PROVIDING OUR
WATER FOR US. 
          WE DO HAVE A WATER OUTAGE RIGHT NOW, SO WE HAVE PUBLIC FACILITIES IN THE BACK OF THE
BUILDING IF YOU NEED THAT THIS EVENING, AND IT SHOULD BE FIXED WITHIN THE NEXT DAY OR TWO,
I BELIEVE. 
          ALL RIGHT. WE WILL MOVE ON TO SORRY PRESENTATIONS WE WILL NOT HAVE THIS EVENING. 
          WE WILL PUT THAT ON ANOTHER AGENDA EVENING AND WE WILL MOVE ON TO PUBLIC COMMENT. 
          [E. PUBLIC COMMENT]
PUBLIC COMMENT SERVES TO PROVIDE INPUT TO THE TOWN COUNCIL ON ANY ITEM THAT IS NOT A
PUBLIC HEARING. 
          FOR ANY PUBLIC HEARING. YOU WILL WAIT TO MAKE PUBLIC COMMENT AT THAT TIME. 
          SO TONIGHT WE HAVE A FEW PEOPLE WHO WISH TO MAKE PUBLIC COMMENT. 
          YOU HAVE THREE MINUTES TO SPEAK AND PLEASE STATE YOUR NAME AND THE MUNICIPALITY THAT YOU
ARE FROM. 
          FIRST PERSON TO SPEAK IS PATSY MAZUR. GOOD EVENING. PATSY MAZUR, 1821 CASTLE COURT. I'M HERE TONIGHT TO ADDRESS THE KIND THREATS THAT
ARE CIRCULATING ON SOCIAL MEDIA AND REPEATED BY THE TEXAS SUN ONLINE NEWSPAPER, WARNING THAT UNLESS FLOWER MOUND TAXPAYERS VOTE TO
INCREASE THEIR TAX RATE, FLOWER MOUND MIGHT NOT HAVE ADEQUATE FIRE OR POLICE STAFFING EQUIPMENT OR EMERGENCY
CAPABILITY WHEN WE NEED IT, OR OUR TOWN MANAGER STATING THAT HE'S NOT ADVOCATING FOR A VOTER APPROVED TAX RATE
ELECTION. 
          BUT IT LOOKS INEVITABLE. THIS MESSAGING IS QUITE TROUBLING. 
          I PAY MY TAXES AND SO DO THE VAST MAJORITY OF FLOWER MOUND RESIDENTS. 
          WE DO NOT WASTE OUR MONEY. YOU WASTE OUR MONEY. 
          OUR FIRST RESPONDERS OPERATE WITHIN STRICT BUDGETS. 
          I'M SURE SOMEBODY PUT THEM UP TO WRITING THAT. 
          AND I'M TRULY SURE THAT THEY DON'T WANT ANYONE TO BE OUT OF THE SAFETY NEEDS WHEN IT COMES
TO AN EMERGENCY. 
          THE TOWN MANAGER SERVES AT THE PLEASURE OF THIS COUNCIL,
AND HE IS THE ONE DELIVERING THE MESSAGE. 
          I'M SURE THAT YOU DIRECTED HIM TO DELIVER, BECAUSE YOU DON'T HAVE THE SPINES TO OWN UP TO
YOUR OWN FISCAL SHORTCOMINGS. 
          LET'S BE VERY CLEAR. THIS BUDGET CRISIS THAT THE TOWN OF FLOWER MOUND IS EXPERIENCING IS
NOT THE TAXPAYER'S FAULT. 
          IT'S THE RESULT OF YOUR BLATANT, IRRESPONSIBLE FISCAL DECISIONS. 
          YOU CAMPAIGNED ON LOWERING THE TAX RATE. YOU MADE THOSE PROMISES,
YOU PURSUED POPULARITY INSTEAD OF RESPONSIBILITY. 
          AND NOW THE CONSEQUENCES ARE HERE. RESIDENTS DID NOT VOTE AGAINST THE MASTER PLAN IN
FLOWER MOUND. 
          [00:05:03]
YOU DID. YOU REJECTED WAREHOUSE DEVELOPMENT THAT WOULD HAVE GENERATED ROUGHLY $2 MILLION
ANNUALLY IN TAX REVENUE. 
          INSTEAD, WE GOT A $40 MILLION LAWSUIT. RESIDENTS DID NOT TURN DOWN A MARRIOTT HOTEL THAT
WOULD HAVE. 
          ABSOLUTELY NO TRANSPARENCY ABOUT OUR BUDGET SHORTFALLS,
WERE THERE? THERE WERE NOT. NONE OF YOU SAT UP THERE AND TOLD THE PEOPLE THAT WERE AGAINST THAT NEW
MARRIOTT LIKE, HEY, GUYS, WE UNDERSTAND THAT YOU HAVE A RIGHT TO COME UP AND SAY THIS,
BUT DO YOU UNDERSTAND THAT WE'RE IN A SERIOUS BUDGET CRUNCH? I DON'T THINK I HEARD THOSE WORDS COME OUT OF ANY OF YOUR MOUTHS. 
          I DID NOTICE, HOWEVER, THAT COUNCIL MEMBER DREW REPLIED TO SOME OF THE EMAILS FROM THE
RESIDENTS IN OPPOSITION FROM THE MARRIOTT STATING THAT HE WOULD NEVER VOTE FOR MARRIOTT EXTENDED STAY. THE THING THAT WAS MOST TROUBLING ABOUT THAT,
THOUGH. 
          MR. DREW, WAS YOU SAID THAT BEFORE THE COUNCIL MEETING THAT KIND OF PREJUDGMENT SENDS A
TROUBLING MESSAGE TO DEVELOPERS ABOUT THE NARROW MINDEDNESS OF YOUR LEADERSHIP. 
          WHY DON'T YOU WAIT UNTIL YOU HEAR THE PROPOSAL BEFORE YOU TELL RESIDENTS WHAT YOU WILL OR
WILL NOT DO? FLOWER MOUND RESIDENTS DESERVE HONESTY, FISCAL RESPONSIBILITY AND LEADERSHIP THAT DOES NOT
REJECT REVENUE GENERATING OPPORTUNITIES AND THEN BLAMES THE TAXPAYERS FOR THE RESULTING SHORTFALL. THIS CRISIS WAS. 
          THAT'S NOT THE WORK BEING DONE OUTSIDE. THAT'S WHAT I THOUGHT AT FIRST. 
          HEY, THERE WE GO. HELLO? HELLO? HELLO? CAN YOU HEAR ME? IS THAT COMING THROUGH? IS IT. CAN YOU HEAR ME? IS IT COMING THROUGH? I CAN'T TELL. WELL, WAIT A SECOND. HOLD ON. 
          CAN YOU. CAN YOU ALL OKAY, NOW. AND NOW IT'S COMING THROUGH. 
          NOW. IT'S. SO WE. SHE HAS ABOUT 15 OR 20 SECONDS. 
          OKAY. EXTRA. MAYOR, I TOLD HER A MINUTE, OKAY. 
          IT WOULD BE VERY QUICK. MR. DREW, WAS IT FUNNY WHAT I SAID ABOUT YOUR POOR JUDGMENT? BECAUSE YOU KIND OF LOOKED LIKE YOU WERE SMIRKING AT ME. 
          BECAUSE THAT SOUNDS REALLY THAT SENDS A REALLY BAD MESSAGE TO DEVELOPERS THAT WANT TO COME
TO FLOWER MOUND. 
          [00:10:01]
YOU KNOW, YOU'RE GOING TO HAVE A YOU'RE GOING TO HAVE A COUNCIL MEMBER UP THERE THAT'S
ALREADY MADE UP THEIR MIND BEFORE THE COUNCIL MEETING. 
          IN CLOSING, THIS CRISIS WAS NOT CREATED BY US. 
          IT WAS CREATED BY YOU. GET YOUR JOBS DONE FAST,
TRACK THE HEB, CALL THEM AND TELL THEM THAT YOU WANT THOSE PLANS IN TWO WEEKS, AND THEY WILL HAVE THEM HERE IN TWO WEEKS. THAT HEB WILL BRING IN HALF $1 MILLION OF TAX
REVENUE, ALL THAT REVENUE THAT YOU LET GO IN THE PAST YEARS,
AND NOW YOU'RE TRYING TO BLAME US. 
          YOU WANT US TO VOTE FOR A TAX RATE INCREASE THAT'S PRETTY FUNNY. 
          HAVE A LOVELY EVENING. GO, USA. HEY, CAN YOU PULL. 
          I CAN'T PULL THIS BACK OUT. HOLD ON JUST A MINUTE. 
          I'M HAVING TECHNICAL DIFFICULTIES. WHERE IS THAT? OKAY, THERE WE GO. THANK YOU. I DON'T KNOW WHAT I PUSHED. 
          OKAY. WE HAVE MERTHY MONTHA. 
          GOOD AFTERNOON EVERYONE. MAYOR MOORE, TOWN OFFICIALS AND CITIZENS OF FLOWER MOUND. 
          MY NAME IS MERTHY MONTHA. I'M AT 4528 CASSANDRA DRIVE. 
          FLOWER MOUND, TEXAS, 75022. MY COMMENTS WILL BE BRIEF REGARDING THE PLANNED ART CENTER. I'M ALL FOR IT. THAT'S NUMBER ONE. 
          NUMBER TWO, I JUST WANT TO MAKE SURE THAT AS WE GO AHEAD AND START MAKING SOME PLANNED
STRATEGIC DECISIONS I WANT TO GIVE EQUAL IMPORTANCE TO BOTH PERFORMING ARTS AND VISUAL ARTS. 
          THERE ARE TWO DIFFERENT ASPECTS OF ARTS. EVERYBODY KNOWS THAT ARTS ENRICH OUR LIVES. 
          I WAS JUST READING A REPORT ON PUBLIC ARTS. IT CAN BRING TOURISM AND INFRASTRUCTURE
BENEFITS AND SO MANY OTHER WAYS WE CAN ATTRACT RESIDENTS OF THE FLOWER MOUND TO COME AS A COMMUNITY,
JOIN AS A COMMUNITY. 
          SO I WANT TO MAKE SURE THAT AS WE ARE DOING THIS,
THE VISUAL ARTS COMPONENT, WHICH INCLUDES GALLERY SPACE, CLASSROOMS AND SO ON AND SO FORTH. PUBLIC ART IS NOT AS A SECOND AFTERTHOUGHT,
BUT IT IS RIGHT UP FRONT AND CENTER, ALONG WITH THE GLAMOROUS AND PROCEDURE TYPE OF ORCHESTRA AND PERFORMANCE THEATER. 
          THAT'S ALL I HAVE TO SAY. THANK YOU. THANK YOU. 
          JEAN LEVENICK. HI. HI, JANVIER. HOW ARE YOU? GOOD EVENING, MAYOR AND COUNCIL. MY NAME IS JEAN LEVENICK AND MY ADDRESS IS 5724 BELLARIA
COURT. 
          RESIDENTS IN TOWN ARE BEING TOLD THAT WE NEED TO CUT SERVICES,
RAISE TAXES OR BOTH. 
          BEFORE THAT HAPPENS WE DESERVE A CLEAR EXPLANATION,
A STRONGER PLAN AND DIRECT ACCOUNTABILITY FROM COUNCILMEMBERS. 
          YOU MUST ADDRESS PRIORITIES, SPENDING AND LONG TERM REVENUE. 
          IF SERVICE CUTS ARE ON THE TABLE, RESIDENTS DESERVE SPECIFICS. 
          WHAT WILL BE LOST AND WHAT WOULD IT COST TO PRESERVE THOSE SERVICES? COUNCIL NEEDS TO EXPLAIN MAJOR SPENDING CHOICES AND ANSWER DIRECTLY TO STAFF WHEN THEY
MAKE BUDGET RECOMMENDATIONS. 
          WHAT DO YOU SUPPORT AND WHAT DO YOU REJECT AND WHY? LARGE SPENDING DECISIONS NEED PUBLIC EXPLANATION. 
          EXAMPLES I'M GOING TO GIVE YOU. THERE'S A $500,000 PHONE SYSTEM,
A VEHICLE COSTING MORE THAN $300,000, AND BOTH OF THESE WERE JUST APPROVED ON THE CONSENT AGENDA. 
          JUST FLEW THROUGH. NO DISCUSSION WHATSOEVER ABOUT ANY OF THOSE. 
          DELAYING THOSE PURCHASES COULD HAVE FREED UP MORE THAN $800,000 FOR HIGHER PRIORITY NEEDS. 
          LARGE LEGAL SETTLEMENT COSTS ALSO DESERVE PUBLIC DISCUSSION SINCE RESIDENTS ULTIMATELY PAY
FOR THEM. 
          I THINK WE ALL KNOW WHAT WE'RE TALKING ABOUT. 
          THESE ARE JUST A FEW EXAMPLES THAT SHOW THE DECISIONS THAT YOU MAKE CAN HAVE FINANCIAL
CONSEQUENCES, AND SPENDING MUST BE MORE DISCIPLINED. YOU'RE OBLIGATED TO MANAGE FUNDS WITH THE HIGHEST
DEGREE OF TRANSPARENCY AND INTEGRITY USING SOUND FINANCIAL MANAGEMENT. 
          BALANCE THE BUDGET, DETER ONE TIME REQUESTS,
AND REDUCE DISCRETIONARY SPENDING. 
          THE ARTS CENTER HERE IS A CLEAR EXAMPLE. YOU SHOULD NOT EVEN BE CONSIDERING IT AND TALKING
ABOUT IT. 
          WHEN, ON THE OTHER HAND, YOU'RE TALKING ABOUT CUTTING SERVICES,
TAX INCREASES AND POSSIBLE STAFF REDUCTIONS. 
          [00:15:08]
THE OPTICS OF IT ARE TERRIBLE. THE TOWN CANNOT SOLVE THIS PROBLEM WITH REDUCTIONS ALONE. 
          WE NEED A STRONGER COMMERCIAL BASE. THE ISSUE HAS BEEN DEBATED FOR OVER 25 YEARS,
AND PROJECTS LIKE HEB AND COSTCO HAVE BEEN DISCUSSED LONG ENOUGH. 
          THE TOWN NEEDS ACTION ON SUITABLE COMMERCIAL PRODUCTS PROJECTS THAT CAN GENERATE MILLIONS
IN TAX REVENUE. 
          WE'VE DONE THIS. 
          [G. TOWN MANAGER'S REPORT]
          [J.10. Zoom Phones - Consider approval of the one-time purchase of employee phones and headsets from Presidio Networked Solutions Group, LLC, in the total amount of $69,368.55; and authorization for the Mayor to execute same on behalf of the Town.]
          [00:29:00]
TO DO THAT INSTEAD OF HAVING SOMEBODY ON STAFF. 
          [00:29:03]
SO THIS IMPLEMENTATION TEAM WAS VERY IMPORTANT FOR US,
ESPECIALLY FOR THIS CUTOVER. 
          WHAT WE REALIZED WITH TEAMS IS THERE'S LACK OF QUALIFIED IMPLEMENTATION TEAMS. SO AS YOU MIGHT SO MICROSOFT RELIES ON THIRD PARTY COMPANIES FOR IMPLEMENTATION. 
          EVEN OUR DEALS WITH MICROSOFT, WE GO THROUGH A SOFTWARE PROVIDER CALLED SOFTWARE,
EXCUSE ME, SOFTWARE ONE. SO WE LOOKED ACROSS THE LANDSCAPE AND WE FOUND PRESIDIO,
WHICH IS A GREAT IMPLEMENTATION TEAM. 
          THEY'VE DONE A LOT OF THESE IMPLEMENTATIONS ACROSS TEXAS TO INCLUDE. 
          THEY IMPLEMENTED THE ZOOM PHONES FOR BOTH THE CITY OF LEWISVILLE AND HIGHLAND VILLAGE. 
          I WILL TELL YOU, WE'RE NOT LAST TO MOVE OVER,
BUT WE'RE ONE OF THE LAST TO MOVE OVER TO A CLOUD BASED PHONE SYSTEM. 
          SO PRESIDIO HAS THAT PROVEN EXPERIENCE. THEY ALSO HAVE EXPERIENCE WITH DENCO 911. 
          AND THIS IS WHERE SOME OF OUR ADVANCED FUNCTIONS COME IN. 
          WE HAVE ADVANCED CALL FLOW AND DISPATCH CAPABILITIES,
AND WE HAVE A LOT OF FAITH AND CONFIDENCE IN THAT TEAM TO ASSIST US. 
          [00:30:04]
ADDITIONALLY, THEY ALSO HAVE EX MITEL STAFF MEMBERS ON THEIR STAFF. 
          SO THAT IS THE PHONE SYSTEM THAT WE'RE MOVING FROM. 
          SO THEY HAVE COMPLEX KIND OF THEY KNOW HOW IT WORKS. 
          THEY'VE SEEN OUR SYSTEM. THEY KNOW HOW TO MOVE IT OVER TO A NEW SYSTEM. 
          ON COSTS, TEAMS, ZOOM, AND RINGCENTRAL WERE ALL VERY SIMILAR IN COST AT FULL
IMPLEMENTATION. 
          SOMETHING THAT WE ALSO TALKED ABOUT IS OUR PHYSICAL PHONES ARE MY TELL SPECIFIC PHONES. 
          SO NO MATTER WHICH OF THESE WE WERE GOING TO CHOOSE,
WE STILL WOULD HAVE TO ORDER OR HAVE DIFFERENT PHONES. 
          I WOULD ALSO SAY THAT I'LL PUT IT ON HERE. THE TOWN DOES RELY ON THAT QUALIFIED
IMPLEMENTATION PARTNER. 
          WE FOUND THAT WITH ZOOM AND RINGCENTRAL, BUT EVEN OUR IMPLEMENTATION PARTNER KIND OF
PUSHED US TOWARDS ZOOM. 
          FOR REDUNDANCY AND INTEGRATIONS. I THINK THIS WAS PROBABLY THE BIGGEST FOR MY IT STAFF IS
THAT GOING WITH ZOOM AVOIDS SINGLE VENDOR DEPENDENCY. 
          SO IF YOU CAN THINK ABOUT THIS, MICROSOFT HAS MOST OF OUR COMMUNICATION TOOLS BETWEEN
OUTLOOK TEAMS, ETC. THOSE ARE LARGE AVENUES THAT WE CAN COMMUNICATE WITH THE PUBLIC. 
          IF WE ALSO THREW PHONES ON THERE. IF SOMETHING WERE TO HAPPEN WITH MICROSOFT,
WE WOULD BE DOWN WITH ALL COMMUNICATION TOOLS ACROSS THE BOARD. 
          WHAT THIS ALLOWS US TO DO IS IF SOMETHING IS HAPPENING WITH MICROSOFT,
WHICH DOES NOT HAPPEN OFTEN, THEY ARE A GREAT PARTNER WITH US. WE WOULD STILL HAVE THE ABILITY TO COMMUNICATE OVER THE
PHONES, VICE VERSA. 
          TEAMS AND RINGCENTRAL KIND OF FELL BEHIND ZOOM IN THAT AREA. 
          SO I KIND OF GAVE A WIDE VIEW OF IT. YOU ALL MAY HAVE SPECIFIC QUESTIONS AND I'M HERE TO
ANSWER ANY OF THOSE. 
          THE REASON WE DELAYED WAS WE WERE TRYING TO UTILIZE OUR EQUIPMENT AND THEN TRANSITION OVER
IS THAT, YES. COUNCIL MEMBER, THAT WAS ONE OF THE MAIN REASONS. 
          I KNOW YOU ALL KNOW WE'RE ALWAYS TRYING TO GET AS MUCH LIFE AS POSSIBLE. 
          WHEN THIS FIRST CAME UP, IT WAS MORE ABOUT THE FUNCTIONALITY OF REMOTE WORK. 
          AS WE DOVE INTO IT, WE REALIZED THERE'S A LOT OF COMPLEXITIES WITH OUR DISPATCH AND OUR
CALL FLOW. 
          AND AS WE REALLY HOPPED INTO IT, WE ALSO REALIZED THAT THERE WEREN'T VERY MANY
IMPLEMENTATION TEAMS OUT THERE SPECIFICALLY FOR TEAMS. AND THAT'S WHEN WE SAID, HEY, WE CAN GET MORE LIFE OUT OF THIS PBX SYSTEM. 
          THE FUNCTIONALITY NEEDS AREN'T OUTWEIGHING OUR NEEDS TO ENSURE THAT WE HAVE A SYSTEM THAT
WE CAN DEPEND ON. 
          AND THIS WAS ON THE BUDGET THIS PAST YEAR, RIGHT? SO THIS IS THE SECOND TIME WE'VE SEEN THIS. YES,
SIR. YES, SIR. THIS IS THE SECOND TIME A DECISION PACKAGE WAS PUT INTO THE BUDGET. 
          AND THIS ONE WAS APPROVED FOR THIS YEAR. AND EXCUSE ME,
IT WAS NOT APPROVED, BUT IT WAS APPROVED DURING A MID-YEAR BUDGET AMENDMENT. 
          YEAH. MOST OF THESE ITEMS THAT COME UP WE'VE SEEN MULTIPLE TIMES. 
          YES, SIR. EXACTLY. AND SOMETHING ELSE THAT I THINK THIS ITEM SHOWS IS EVEN ONCE APPROVED. 
          RIGHT. YOU APPROVED THE SPENDING OF THAT MONEY. 
          AS WE OPT IN, WE REALIZED THAT THAT WAS NOT A VERY EFFICIENT USE OF THOSE FUNDS AT THOSE
TIMES. 
          SO WE DID NOT SPEND IT. SO I DON'T DISPUTE THE RATIONALE. 
          I MEAN, UNIFIED MOVING TO UNIFIED COMMUNICATION FROM A LEGACY PBX IS SOMETHING EVERYBODY'S
PROBABLY MOSTLY DONE BY NOW. 
          HONESTLY, YOU DON'T SEE A LOT OF LEGACY PHONES ON DESKS ANYMORE. 
          WHAT I'M SYMPATHETIC TO FROM THE EMAILER IS THE CONCERN THAT WE'RE INVESTING IN MULTIPLE
REDUNDANT PRODUCTIVITY TOOLS. 
          AND WE'VE SEEN, I'VE SEEN THIS IN A LOT OF OTHER PLACES WHERE YOU,
YOU GET OFFICE 365 AND THEN YOU GET SOME OTHER, YOU KNOW, MESSAGING TOOL AND THEN YOU GET A DIFFERENT TELECONFERENCING TOOL AND YOU WIND
UP BUYING THE SAME THING 3 OR 4 TIMES. AND IT DOES LOOK LIKE THAT'S A POSSIBILITY. 
          BUT YOU'RE SAYING THAT THE LICENSE WE HAVE FOR THE MAJORITY OF OUR USERS DOES NOT INCLUDE
A PHONE? THAT'S CORRECT. THAT IS CORRECT. AND SO THAT WOULD BE THE G3 LICENSE. 
          AND ANOTHER THING WAS REFERENCE ON THE EMAIL WAS G5. 
          AND IF IT'S OKAY, JUST TO GIVE SOME MORE CLARIFICATION FOR Y'ALL,
EVEN WITH G3, WE STRATIFY THE G3 BETWEEN A STANDARD AND THEN A STANDARD WITH ADD ONS. 
          WHAT WE'RE TRYING TO DO IS WE DON'T WANT TO GIVE PEOPLE ALL THESE TOOLS THAT THEY DON'T
NEED OR THEY DON'T USE, AND THEN WE'RE GOING TO PAY FOR. SO WE ACTUALLY DO A REALLY GOOD JOB EVERY YEAR OF
AUDITING THESE AND ENSURING THAT WE HAVE THE CORRECT COUNTS. 
          WE'RE NOT OVERPAYING FOR THINGS THAT WE DON'T NEED. 
          AND YOU ARE CORRECT COUNCIL MEMBER SCHIESTEL THAT IN THE EMAIL IS REFERENCED THE
LICENSING. 
          [00:35:05]
I WILL SAY IF YOU MOVE EVERYBODY FROM A G3 TO A G5,
IT'S ACTUALLY GOING TO COST WAY MORE THAN GOING THIS ROUTE. 
          HAVING SAID THAT, AT SOME TIME IN THE FUTURE,
WITH THESE OTHER TOOLS COMING ON WITH, LET'S SAY COPILOT, THERE COULD BE AN OPPORTUNITY IN THE FUTURE WHERE ENOUGH PEOPLE ARE USING THOSE TOOLS THAT
IT MAKES SENSE. 
          BUT RIGHT NOW, WHAT YOU WOULD BE DOING IS YOU WOULD BE KIND OF PAYING FOR FUTURE. 
          YOU WOULD BE PAYING NOW FOR WHAT YOU WOULD HOPEFULLY BE ABLE TO USE IN THE FUTURE. 
          AND IT'S NOT SOMETHING, AS YOU ALL KNOW, THAT WE NORMALLY DO. SO THE ONE THING I'M GOING
TO CHALLENGE YOU ON IS THE REDUNDANCY COMPONENT. 
          I BELIEVE THAT OFFICE 365 IS HIGH REDUNDANCY ALREADY BAKED INTO THE PLATFORM. 
          I DON'T KNOW THAT WE NEED TO BE SPENDING EXTRA MONEY. 
          AND OUTSIDE OF 911 IN EMERGENCY SERVICES, BECAUSE THEY'VE ALREADY DONE THAT WORK FOR US. 
          AND FRANKLY, WHEN THERE'S A BIG INTERNET OUTAGE,
A LOT OF TIMES A LOT OF THESE DIFFERENT COMPANIES ARE ALL RUNNING ON THE SAME DATA CENTERS, THE SAME CLOUD PROVIDERS. SO YOU END UP ALL TAKING THE HIT ANYWAY. 
          SO THERE ISN'T NECESSARILY VALUE IN THAT UNLESS YOU'RE GUARANTEEING THAT,
YOU KNOW, WE HAVE MULTI-REGION MULTI-PROVIDER REDUNDANCY. 
          AND I DON'T KNOW THAT WE NEED TO SPEND THAT MONEY,
NOT OUTSIDE OF EMERGENCY SERVICES GIVEN OUR CURRENT DISCUSSIONS AROUND A VATRE, BUT OTHERWISE GOOD JOB. THANK YOU. SO WE CURRENTLY LET ME UNDERSTAND. 
          SO WE CURRENTLY HAVE THIS. 685 MICROSOFT THREE SORRY MICROSOFT 365 AND G3. 
          RIGHT. YES, MA'AM. AND WE HAVE G5 ALREADY. SO WE HAVE. 
          HOW WOULD THAT HOW WOULD THAT CHANGE. WHAT WOULD BE THE DIFFERENCE. 
          WE WOULD WORK WITH OUR. AND I APOLOGIZE IF I CUT YOU OFF MAYOR PHONES WITHOUT HAVING TO UPGRADE EVERYBODY TO A G5. 
          THERE IS A MIDDLE STEP THAT WE COULD TAKE, WHICH WOULD MAKE TEAMS SIMILAR TO ZOOM AND
RINGCENTRAL KIND OF ALL ON THE SAME PLAYING FIELD AS IT PERTAINS TO PRICING. IN THE EMAIL, THERE WAS A SUGGESTION,
AND THEY WERE 100% CORRECT THAT THE G5 LICENSE COMES WITH TEAMS CALLING. 
          I'M JUST SAYING THAT THERE IS A MIDDLE PORRIDGE AREA WHERE WE COULD POTENTIALLY ADD TEAMS
CALLING TO G3 LICENSES WITHOUT HAVING TO UPGRADE THEM TO G5. 
          I WILL SAY THOUGH, IN THE FUTURE, RIGHT NOW WE HAVE SIX G5 LICENSES,
AND THAT'S MAINLY FOR PEOPLE WHO ARE PRETTY ADVANCED IN POWER AUTOMATE, TRYING TO AUTOMATE WORKFLOWS, AND THEN ALSO USING POWER BI,
BUT THERE'S NOT A LOT WITH IT. 
          I WILL ADD ONE MORE THING TOO IS THROUGH OUR SOFTWARE PROVIDER SOFTWARE ONE,
WE ACTUALLY WERE ACCEPTED BY MICROSOFT TO GET A GRANT FOR COPILOT TRAINING. SO THAT IS SOMETHING WE'VE DONE THIS YEAR TOO IS TO ADD COPILOT
LICENSING. 
          BUT PROBABLY MOST IMPORTANTLY, WE ALSO GOT A GRANT WHERE WE'LL RECEIVE FREE TRAINING FROM
THEM. 
          SO THESE ARE SOME OF THE OTHER TOOLS THAT WOULD COME WITH THAT G5 LICENSE THAT POTENTIALLY
IN THE FUTURE, THOSE ECONOMIES OF SCALE WOULD MAKE SENSE. IT'S OUR OPINION RIGHT NOW AT THIS TIME FOR
COST REASONS THAT WE'RE NOT REALLY THERE YET. 
          OKAY. THANK YOU SO MUCH. DOES ANYONE HAVE ANY OTHER COMMENTS? YES. MY BIG TAKEAWAY. THANKS FOR THE GREAT, DETAILED EMAIL. 
          THANKS FOR THE PRESENTATION. FROM MY PERSPECTIVE,
THIS LOOKS LIKE WE'RE DOING THINGS THE RIGHT WAY, RIGHT? WE EXTENDED THE LIFE OF THE PBX SYSTEM AN EXTRA COUPLE TO 2 OR 3 YEARS AND GOT AS
FAR AS WE COULD WITH THAT. 
          IT LOOKS LIKE HE DID A GREAT JOB EVALUATING THE DIFFERENT OPTIONS AND WHAT MAKES SENSE. 
          AND, YOU KNOW, I UNDERSTAND THERE'S SOME OF THESE FACTORS MIGHT HAVE HIGHER OR LOWER
PRIORITY, BUT I THINK OVERALL, YOU LOOKED AT IT AND DETERMINED THAT THE BEST,
MOST COST EFFECTIVE, MOST ECONOMICAL OPTION FOR US WHILE PROVIDING THE FUNCTIONALITY AND RELIABILITY THAT WE NEED. SO I THINK I'M COMFORTABLE THAT THE TOWN'S RUN THROUGH THE
TRAPS, YOU KNOW AND DONE A GOOD JOB. THANKS. YEAH. DOES ANYONE ELSE HAVE ANY COMMENTS? OKAY, GOOD. SO WITH THAT CONSENT ITEM, DOES ANYONE WISH TO MAKE A MOTION TO APPROVE THAT
CONSENT ITEM AT THIS POINT SINCE GETTING CLARIFICATION. YEAH. I MOVE TO APPROVE ITEM J 10 AS PRESENTED. 
          SECOND. OKAY. WE HAVE A MOTION AND A SECOND. TAKE THE ROLL. 
          COUNCIL MEMBER DREW. AYE. MAYOR PRO TEM SCHIESTEL. 
          AYE. COUNCIL MEMBER HARRIS. AYE. MAYOR PRO TEM TAYLOR. 
          AYE. COUNCIL MEMBER. WARNER. AYE. OKAY. THE CONSENT ITEM 10. 
          THE APPROVAL OF A ONE TIME PURCHASE OF THE EMPLOYEE PHONES AND HEADSETS PASSES BY
UNANIMOUS VOTE. 
          OKAY, WE WILL MOVE ON TO OUR REGULAR ITEM. RAY WATSON IS GOING TO PRESENT THE FLOWER MOUND
CHAMBER OF COMMERCE ANNUAL FUNDING AND PROGRAM REVIEW. 
          [K.1. Flower Mound Chamber of Commerce Annual Funding and Program Review - Presentation and discussion regarding the Town’s Memorandum of Understanding (MOU) with the Flower Mound Chamber of Commerce and request for Council feedback and direction for the FY 2026-2027 budget.]
          [00:40:07]
MAYOR COUNCIL, THANK YOU FOR THE OPPORTUNITY TO BE HERE IN FRONT OF YOU TONIGHT. I WANTED
TO PRESENT THIS AS PART OF OUR BUDGET PLANNING PROCESS AND SHOWING TRANSPARENCY IN HOW WE BUDGET FOR OUR EXPENSES. AND SO WE HAVE THE FLOWER MOUND CHAMBER PROJECT HERE THAT WE DO
WITH THEM ANNUALLY. 
          AND I JUST WANT TO GO THROUGH THAT WITH YOU SO YOU UNDERSTAND IT. AND THEN WE ALSO HAVE
THE CHAMBER PRESIDENT, LORI WALKER, WILL BE DOING A PRESENTATION AS WELL. SO AS YOU ARE PROBABLY AWARE, WE'VE BEEN INVOLVED WITH THE FLOWER MOUND CHAMBER SINCE 2005. 
          IN 2008 THE PRIMARY FOCUS WAS, WERE MEMBERSHIPS AND EVENTS,
SPONSORSHIPS. 
          AND IN 2016, WE MOVED THAT TO AN MOU PROCESS. 
          AND THEN WE STARTED ADDING OTHER THINGS THAT WE WORKED WITH THEM ON. 
          AS WE MOVED FORWARD THROUGH THAT SOME OF THE STUFF THAT WE DO COLLABORATION WITH THEM ON
ARE THINGS LIKE BRE MEETINGS. 
          WE WORK WITH THEM IN CONJUNCTION TO GO MEET WITH DIFFERENT COMPANIES TO MAKE SURE THAT
THEY'RE DOING OKAY IN THE COMMUNITY. 
          WE ALSO WORK WITH THEM TO IDENTIFY PROJECTS FOR THE MOU THAT ARE PRIORITIES FOR THE
COMMUNITY. 
          AND THEN SOME OF THE OTHER THINGS THAT WE DO IS COMMUNICATIONS PARTNERSHIPS. 
          WE USE THE CHAMBER TO GET OUR MESSAGE OUT, AS WELL AS THEY USE THE TOWN TO GET THEIR
MESSAGE OUT AS WELL. 
          AND THAT HELPS THE BUSINESSES, BUT IT ALSO HELPS THE CITIZENRY OF THE TOWN. 
          THE OTHER THING IS THE CHAMBER SERVES AS THE PRIMARY VOICE FOR THE INDIVIDUAL BUSINESSES,
ALTHOUGH WE MEET WITH THEM ON A REGULAR BASIS AND WE'RE WORKING WITH THEM TO GET THEM IN AND WORK WITH THE DEVELOPERS, THE CHAMBER ACTUALLY HOSTS THEM ON DIFFERENT EVENTS AS,
THE YEAR GOES THROUGH. 
          AND THEN WE ALSO WORK WITH THEM TO SUPPORT DIRECT LEGISLATIVE AGENDAS THAT WE WORK ON. 
          THE BIG ONE LAST THIS LAST LEGISLATIVE SESSION WAS THE TEXAS TECH UNIVERSITY HEALTH
SCIENCE CENTER PROJECT. 
          THE CHAMBER WAS INSTRUMENTAL IN THAT PROJECT. 
          THEY ACTUALLY GOT ALL THE LETTERS OF SUPPORT FOR US AS WE WENT FORWARD ON THAT PROJECT. 
          THIS IS THE LAST TEN YEARS OF OUR SUPPORT FOR THE CHAMBER. 
          AS YOU CAN SEE, IT STAYS PRETTY CONSISTENT. YOU'LL NOTICE IN,
IN THE REQUEST THE OVERALL MEMBERSHIP DUES, IT'S $10,000 AS THE MEMBERSHIP DUES. AND THEN WE DO OUR SPONSORSHIPS WHICH ADD UP TO ABOUT
$13,500. 
          AND THEN THE MOU IS ANOTHER $15,000 ON TOP OF THAT. 
          SO OUR BASE INVOLVEMENT WITH THE CHAMBER IS $38,500. 
          AND THEN YOU'LL NOTICE GOING BACK TO THAT PREVIOUS SLIDE WE STAY AROUND 40 AND THAT'S DUE
BECAUSE OF SOMETIMES WE HAVE EXTRA SPONSORSHIPS THAT WE DO FOR THE TOWN IF CERTAIN EVENTS COME UP THAT WE'RE WORKING WITH THEM ON,
SO. 
          THE MOU BASICALLY DEALS WITH THESE THREE ISSUES. 
          WE DO THE SHOP LOCAL CAMPAIGN, THE 12 AT 12 EVENTS THAT ALL OF YOU ARE PART OF. 
          AND THEN WE ALSO DO THE FOUR BUSINESS WORKSHOPS DURING THE YEAR,
AND WE WORK DIRECTLY WITH THEM TO ACTUALLY DESIGN WHAT THOSE WORKSHOPS ARE. 
          AND AS I STATED THAT THAT'S DONE $15,000 FOR THAT MOU. 
          IT'S PAID OUT IN THREE DIFFERENT TRANCHES. AND THIS IS WHAT THE CURRENT MAINTAIN THE
REQUEST IS TO MAINTAIN THE CURRENT FUNDING AT $38,500 AND SO THAT'S, THAT'S WHERE WE ARE. I'LL ANSWER ANY QUESTIONS FOR YOU AT THIS TIME,
BUT LIKE I SAID, LORI WALKER WILL BE UP HERE TO DO A PRESENTATION AS WELL. 
          SO DO YOU WANT TO HEAR HERS AND THEN ASK QUESTIONS? WELL, I JUST WANTED TO ASK, WITH ALL THE INFLATIONARY COSTS,
HOW IS THAT HELPING THEM COMPARED TO MAYBE FIVE YEARS AGO? IS IT? I WOULD EXPECT THEY WILL SAY THE SAME THING THAT EVERYBODY ELSE IS SAYING THAT,
YOU KNOW, THEIR EXPENSES HAVE GONE UP. YEAH. AS WELL AS EVERYBODY ELSE'S. 
          ANY OTHER QUESTIONS I CAN ANSWER? OKAY. LET ME,
LET LORI COME UP AND DO HER PRESENTATION. 
          THERE YOU GO. WHERE DO I CLICK IT? THANK YOU,
RAY, VERY MUCH. 
          GOOD EVENING, MAYOR AND COUNCIL. ON BEHALF OF THE FLOWER MOUND CHAMBER AND OUR BOARD OF
DIRECTORS. 
          AND I HAVE MANY OF OUR OUR BOARD SITTING IN IN THE OFFICE TONIGHT THAT REPRESENT OUR
BUSINESS COMMUNITY, BOTH LARGE AND SMALL. I WANT TO THANK YOU FOR YOUR ONGOING COMMITMENT TO THE FLOWER MOUND
CHAMBER AND OUR BUSINESS COMMUNITY. 
          TONIGHT, WE WOULD LIKE TO HIGHLIGHT THE ESSENTIAL IMPACT OF LOCAL BUSINESSES ON OUR
COMMUNITY AND SHARE HOW THE CHAMBER'S INITIATIVES DEVELOPED THROUGH STRONG COLLABORATION WITH THE TOWN, ARE MAKING A TRUE DIFFERENCE. 
          WE ARE HERE TO DEMONSTRATE THE VALUE OF THESE EFFORTS TO BRING OUR ECONOMY,
OUR RESTAURANT, OUR RESIDENTS AND OUR FUTURE GROWTH TO FLOWER MOUND. 
          [00:45:05]
THE FLOWER MOUND CHAMBER OF COMMERCE MISSION IS TO SUPPORT THE BUSINESS COMMUNITY FOR THE
ECONOMIC PROSPERITY OF FLOWER MOUND. 
          YOUR CHAMBER IS DEDICATED TO EMPOWERING LOCAL BUSINESSES BY PROVIDING A PLATFORM FOR
NETWORKING, ADVOCACY, AND RESOURCE SHARING. WE STRIVE TO ENHANCE THE ECONOMIC VITALITY AND QUALITY OF
LIFE IN FLOWER MOUND AND SURROUNDING AREAS, FOSTERING AN ENVIRONMENT WHERE BUSINESSES CAN THRIVE AND CONTRIBUTE TO OUR
COMMUNITY'S GROWTH. 
          IT'S NOT BRAGGING IF IT'S TRUE. BUT YOUR CHAMBER IS A FIVE STAR ACCREDITED IS FIVE STAR
ACCREDITATION FROM THE US CHAMBER OF COMMERCE. THIS IS THE HIGHEST HONOR THAT A CHAMBER OF COMMERCE CAN ACHIEVE,
AND IT IS HELD BY LESS THAN 3% OF 7000 CHAMBERS NATIONWIDE. THIS PRESTIGIOUS DESIGNATION RECOGNIZES OUR CHAMBER'S EXCELLENCE IN
GOVERNANCE, OPERATIONS, PROGRAMING, HUMAN RESOURCES, COMMUNICATIONS FACILITIES,
AND COMMUNITY SERVICE. 
          ACHIEVING A FIVE STAR STATUS MEANS THAT YOUR FLOWER MOUND CHAMBER HAS MET RIGOROUS
STANDARDS AND IS ONE OF THE TOP CHAMBERS IN THE COUNTRY. 
          WE ARE VERY, VERY PROUD OF THAT. LOCAL BUSINESSES ARE THE HEARTBEAT OF FLOWER MOUND
ECONOMY, DRIVING JOB CREATION, EXPANDING THE TOWN'S TAX BASE AND CATALYZING LASTING COMMUNITY
DEVELOPMENT. 
          BY REINVESTING THEIR REVENUE THROUGH LOCAL PURCHASES AND PARTNERSHIPS THESE BUSINESSES
CREATE POSITIVE RIPPLE EFFECTS. 
          EACH DOLLAR THAT IS SPENT LOCALLY CIRCULATES AND MULTIPLIES WITHIN THE COMMUNITY,
SUPPORTING OUR SCHOOLS, OUR PUBLIC SAFETY AND VITAL INFRASTRUCTURE. THAT IS VERY IMPORTANT TONIGHT. 
          THE INFRASTRUCTURE. YOUR INVESTMENT WITH YOUR FLOWER MOUND CHAMBER ALLOWS US TO BE YOUR
CHAMBER CUSTOMER SERVICE DEPARTMENT. 
          THE CHAMBER'S INITIATIVES THROUGH YOUR MEMBERSHIP,
COMMUNITY INVESTMENT AND MOU WITH THE TOWN, REPRESENTS A UNIFIED COMMITMENT TO SUPPORTING FLOWER MOUND'S LOCAL BUSINESSES AND DRIVING
ECONOMIC GROWTH. 
          THIS PARTNERSHIP ENABLES THE CHAMBER AND THE TOWN TO DEVELOP IMPACTFUL PROGRAMS AND
COLLABORATIVE EFFORTS, ALL DESIGNED TO ADDRESS THE EVOLVING NEEDS AND INTERESTS OF OUR BUSINESS COMMUNITY. 
          THROUGH THE MEMBERSHIP, THE COMMUNITY INVESTMENT AND THE MOU BOTH ORGANIZATIONS WORK
TOGETHER TO PROVIDE RESOURCES, LEARNING OPPORTUNITIES AND STRATEGIC SUPPORT FOR LOCAL ENTREPRENEURS AND MAJOR EMPLOYERS
STRENGTHENING FLOWER MOUND ECONOMIC FUTURE. 
          THIS SLIDE REALLY CAPTURES THE HEART OF OUR RELATIONSHIP WITH THE TOWN. 
          THE CHAMBER IS PROUD TO SERVE AS A TRUSTED PARTNER,
NOT ONLY SUPPORTING LOCAL BUSINESSES, BUT ALSO HELPING STRENGTHEN LEADERSHIP, ENCOURAGE ECONOMIC GROWTH,
AND ADVOCATING FOR OUR COMMUNITY. 
          TOGETHER, WE ARE BUILDING LONG TERM VALUE FOR FLOWER MOUND BUSINESSES,
RESIDENTS, AND FUTURE. 
          THIS SLIDE HIGHLIGHTS SOME OF THE MANY WAYS THE CHAMBER SUPPORTS AND CELEBRATES OUR
BUSINESS COMMUNITY. 
          RIBBON CUTTINGS ALLOW US TO RECOGNIZE AND CELEBRATE BUSINESSES AS HEY OPEN,
EXPAND OR REACH IMPORTANT MILESTONES. 
          OUR LEADS MEETINGS HELP MEMBERS BUILD RELATIONSHIPS AND GROW THEIR BUSINESSES THROUGH
REFERRALS AND CONNECTIONS. 
          OUR LEADERSHIP FLOWER MOUND PROGRAM GIVES EACH PARTICIPANT A DEEPER UNDERSTANDING OF OUR
COMMUNITY WHILE ENCOURAGING PERSONAL AND PROFESSIONAL GROWTH. AND OUR MONTHLY LUNCHEONS PROVIDE VALUABLE OPPORTUNITIES TO HEAR FROM
EXPERTS, LEARN ABOUT IMPORTANT TOPICS, AND STAY CONNECTED WITH WHAT'S HAPPENING IN FLOWER MOUND. 
          THE CHAMBER CREATES OPPORTUNITIES FOR CONNECTION,
COLLABORATION, AND BUSINESS GROWTH. 
          OUR INDUSTRY GROUPS, WHICH WE JUST STARTED THIS YEAR,
BRING TOGETHER BUSINESSES IN AREAS LIKE HOSPITALITY, REAL ESTATE, HOME SERVICES, HEALTH CARE AND PERSONAL SERVICES SO THAT THEY CAN COLLABORATE
WITH OTHERS IN THEIR FIELD. 
          AND IT'S REALLY EXCITING. OUR HOSPITALITY GROUP MET THIS MORNING,
AND FROM YOUR WORKSHOP LOOKING AT THE SIGN ORDINANCES, WE ARE PUTTING TOGETHER A GREAT SURVEY THAT'S GOING TO GO OUT WHERE WE CAN REALLY,
REALLY LISTEN AND HEAR WHAT THE BUSINESSES ARE NEEDING TO HELP THE 
          [00:50:03]
BOTTOM LINE AND FOR THEM TO GROW THEIR REVENUE. 
          OUR SCORE COUNSELING OUR MEMBERS ARE ABLE TO MEET WITH EXPERIENCED BUSINESS EXPERTS FOR
GUIDANCE ON BUSINESS PLANS, DEVELOPMENT AND GROWTH STRATEGIES. AND THIS IS OPEN FOR ANY BUSINESS THAT IS MAYBE JUST
HAS AN IDEA AND THINKS, YOU KNOW, THEY WANT TO START A PROGRAM. IT'S AN INCREDIBLE PROGRAM. 
          IT'S A NATIONWIDE SCORE STANDS FOR SENIOR CORPS OF RETIRED EXECUTIVES AND YOUR OUR FLOWER
MOUND CHAMBER WE SEE A LOT OF BUSINESS PLANS THAT GET KICKED OFF RIGHT IN OUR OFFICE,
WHICH IS EXCITING. 
          WE ALSO VALUE OUR REGIONAL PARTNERSHIPS THROUGH JOINT LUNCHEONS WITH THE LEWISVILLE
CHAMBER AND THE HIGHLAND VILLAGE BUSINESS ASSOCIATION, INCLUDING OUR EVENTS LIKE THE STATE OF THE CITIES,
WHERE ALL OF OUR MAYORS GET TO GIVE UPDATE ON WHAT IS HAPPENING IN OUR COMMUNITIES, OUR UNITY AND COMMUNITIES, WHERE WE WILL HAVE CLOSE TO 50 OF OUR LOCAL NONPROFITS THAT
WILL BE ABLE TO SET UP BOOTHS AND ENGAGE WITH OUR BUSINESS LEADERS, AND WE WILL HIGHLIGHT OUR BUSINESS OF THE YEAR FOR
THAT. 
          OUR STATE OF EDUCATION. WE WORK INCREDIBLY CLOSE WITH OUR SCHOOL DISTRICT AND ARE SO PROUD
OF ALL OF THE THINGS THAT ARE HAPPENING THERE. 
          AND DOCTOR WRAP WILL GIVE AN UPDATE ON WHAT IS HAPPENING IN SEPTEMBER AND THEN OUR ANNUAL
HOLIDAY LUNCHEON. 
          WE SHARE THAT JOINTLY. THE HOLIDAY SEASON GETS BUSY,
AND SO WE PROVIDE AN OPPORTUNITY FOR ALL OF OUR BUSINESSES TO CELEBRATE AT OUR HOLIDAY LUNCHEON. OUR MIXERS GIVE BUSINESSES A CHANCE TO NETWORK IN A MORE RELAXED ATMOSPHERE AND
AFTER HOURS SETTING AND OUR NEW MEMBER ORIENTATIONS, THEY HELP OUR NEW BUSINESSES BETTER UNDERSTAND THE CHAMBER,
THE TOWN, THE COUNTY, THE STATE, AND THE NATURAL RESOURCES, THE NATIONAL RESOURCES THAT ARE AVAILABLE TO SUPPORT
THEM. 
          AND OUR EVENTS. I WANT TO TAKE THIS OPPORTUNITY TO RECOGNIZE HOW IMPORTANT THE TOWN'S
PARTNERSHIP IS IN HELPING THE CHAMBER BRING OUR THREE LARGEST EVENTS TO LIFE. OUR ANNUAL AWARDS LUNCHEON ALLOWS US TO CELEBRATE THE BUSINESSES AND THE
BUSINESS LEADERS WHO ARE DOING BIG THINGS TO MAKE FLOWER MOUND SUCH A STRONG AND VIBRANT COMMUNITY,
OUR GOLF TOURNAMENT CREATES A MEANINGFUL SETTING FOR OUR BUSINESS COMMUNITY TO BUILD RELATIONSHIPS, MAKE CONNECTIONS, AND TRULY GET TO KNOW OUR TOWN LEADERS. 
          AND OF COURSE, FIESTA FLOWER MOUND. IT HAS BECOME ONE OF THE LARGEST EVENTS IN NORTH
TEXAS, GIVING OUR BUSINESSES THE OPPORTUNITY TO SHOWCASE WHO THEY ARE,
NETWORK WITH COMMUNITY LEADERS, AND TO CELEBRATE EVERYTHING THAT MAKES FLOWER MOUND SO SPECIAL. 
          AND A LITTLE BIT OF A DRUM ROLL. WE JUST LAST WEEK UNVEILED THE THEME FOR THE 2026 FIESTA, AND IT WILL BE THE LIBERTY BALL CELEBRATING 250 YEARS OF OUR GREAT COUNTRY. 
          I AM SO EXCITED AND YOU ALL STAY TUNED. SO THROUGH OUR MOU,
OUR GOVERNMENT 12 AT 12 IS ONE OF OUR MOST IMPORTANT PROGRAMS THAT WE HAVE HAD WITH THE TOWN OVER THE PAST FOUR DECADES. 
          WE HOLD SEVEN GOVERNMENT, 12 AT 12 LUNCHEONS TO FACILITATE DIALOG BETWEEN OUR MEMBERS AND
YOU, OUR LOCAL GOVERNMENT OFFICIALS. THESE LUNCHEONS PROVIDE AN OPPORTUNITY FOR LOCAL
BUSINESSES TO DIRECTLY ENGAGE WITH MEMBERS OF OUR TOWN COUNCIL OR OUR MAYOR OR OUR TOWN MANAGER, AND DISCUSS ISSUES THAT AFFECT THE LOCAL
BUSINESS ECONOMY. 
          THE OBJECTIVE IS SIMPLE IT IS TO FOSTER COLLABORATION AND UNDERSTANDING BETWEEN GOVERNMENT
AND BUSINESSES, ULTIMATELY PROMOTING THE ECONOMIC GROWTH AND DEVELOPMENT IN OUR COMMUNITY. 
          JUST AS IMPORTANT, THESE LUNCHEONS ARE HOSTED AT OUR MEMBER BUSINESS RESTAURANTS,
ALLOWING US TO SUPPORT AND TO SHOWCASE OUR LOCAL HOSPITALITY INDUSTRY WHILE STRENGTHENING THE CONNECTION BETWEEN BUSINESS AND TOWN LEADERS. 
          AND YOU CAN SEE ALL OF YOUR FACES THERE. YOU ALL HAVE DONE A GREAT JOB AND OUR WONDERFUL
RESTAURANTS THAT ARE PART OF THAT AS WELL. 
          THE QUARTERLY BUSINESS WORKSHOPS ARE A CORNERSTONE OF OUR CHAMBER'S ONGOING COMMITMENT TO
EMPOWERING FLOWER MOUND LOCAL BUSINESSES THROUGH FOCUSED PROFESSIONAL DEVELOPMENT. EACH WORKSHOP IS TAILORED TO ADDRESS THE REAL INTERESTS AND NEEDS OF OUR
BUSINESS COMMUNITY, COVERING CRITICAL TOPICS LIKE ECONOMIC OUTLOOKS,
LOCAL AND STATE DEVELOPMENT UPDATES, TECHNOLOGY TRENDS, 
          [00:55:05]
AND VITAL PUBLIC SERVICES. AND YOU CAN SEE THOSE WERE OUR FOUR FROM THE LAST YEAR. 
          WE CONSISTENTLY HAVE 70 TO 100 LOCAL BUSINESS OWNERS THAT ARE ATTENDING THOSE. 
          A FEW OF THOSE ON THE AI, I THINK THEY COULD HAVE,
THEY WOULD HAVE STAYED UNTIL YOU LOCKED THE BUILDING. 
          BECAUSE THAT TOPIC IS SO, SO IMPORTANT. THESE EVENTS PROVIDE BUSINESS OWNERS AND
PROFESSIONALS WITH ACCESS TO VALUABLE RESOURCES, EXPERT SPEAKERS, AND NETWORKING OPPORTUNITIES DESIGNED TO HELP THEM THRIVE IN A DYNAMIC
MARKETPLACE. 
          BY FACILITATING INDUSTRY LEADING LEARNING EXPERIENCES,
THE CHAMBER ENSURES PARTICIPANTS STAY INFORMED, CONNECTED, AND EQUIPPED FOR LASTING SUCCESS IN FLOWER MOUND. 
          AND OUR SHOP LOCAL INITIATIVE. IT REFLECTS A YEAR ROUND COMMITMENT TO BOLSTERING LOCAL
BUSINESSES AND SUSTAINING FLOWER MOUND VIBRANT ECONOMY, NOT JUST DURING A DEDICATED WEEK,
BUT THROUGHOUT THE YEAR. 
          IT OFFERS LOCAL ENTREPRENEURS INCREASED VISIBILITY,
NEW CONNECTIONS WHILE RESIDENTS DISCOVER NEW DINING, SHOPPING AND ENTERTAINMENT OPTIONS. THE SHARED GOAL IS TO BUILD LASTING RELATIONSHIPS,
STRENGTHEN LOCAL PRIDE AND ENSURE THE FUTURE PROSPERITY OF FLOWER MOUND THROUGH ACTIVE COMMUNITY WIDE PARTICIPATION. 
          A REALLY NOTE TO FACT OR AN EXCITING THING. WE SEND OUT AN E NEWS EACH WEEK AND OUR SHOP
LOCAL LINK IS LIVE AND IT IS ONE OF IT GETS MORE CLICKS AND LOOKS THAN EVERYTHING PUT TOGETHER. 
          SO THE SHOP LOCAL IS WORKING. OUR SHOP LOCAL FLOWER MOUND IT'S AN INITIATIVE FORMED TO
COLLABORATE EFFORTS OF THE TOWN'S FLOWER MOUND ECONOMIC DEVELOPMENT TEAM AND OUR CHAMBER OF COMMERCE. OUR MISSION. 
          IT IS SO SIMPLE. THROUGH OUR SHOP LOCAL IS TO BOOST THE VITALITY OF OUR LOCAL ECONOMY,
WHILE FOSTERING A STRONG SENSE OF COMMUNITY. 
          BY ENCOURAGING ALL OF OUR RESIDENTS TO SUPPORT LOCAL BUSINESSES WE AIM TO CREATE LASTING
ECONOMIC BENEFITS, PROMOTE UNIQUE SHOPPING EXPERIENCES, AND BUILD STRONGER CONNECTIONS IN OUR TOWN. 
          WE PROMOTE THIS THROUGH OUR SOCIAL MEDIA SHOP LOCAL BOTH THROUGH FACEBOOK AND INSTAGRAM. 
          WE THROUGH OUR LOCAL NEWSPAPER, WE PUT ADS IN OUR MAGAZINE AND WHEN Y'ALL MAYOR,
WHEN YOU WERE TALKING ABOUT HAVE THE COST OF THINGS RISE, JUST THE COST OF AN AD IN A MAGAZINE,
YOU KNOW, IS SIGNIFICANT FOR US. 
          AND THEN HERE IS THE SHOP, LOCAL WEBSITE, WWW.SHOPLOCALFM.COM. 
          AND WHAT THAT WHEN YOU GET INTO THAT WEBSITE,
THERE ARE FIVE CATEGORIES SHOP, DINE, PLAY, HOME AND HEALTH. SO EVERY NEW BUSINESS WE PARTNER WITH ECONOMIC
DEVELOPMENT WHEN NEW BUSINESSES GET THEIR CEO AND THEN NEW BUSINESSES JOIN THE CHAMBER,
WE AUTOMATICALLY SEND TO THEM FOR THEM TO PUT ALL OF THEIR INFORMATION IN ONE OF THESE CATEGORIES. AND THEN WE DON'T REALLY END THE PROGRAM. 
          BUT THE HIGHLIGHT OF THE PROGRAM IS THE WEEK AFTER THANKSGIVING,
WE'RE MOVING IT BECAUSE THAT'S WHEN PEOPLE ARE REALLY, REALLY FOCUSING ON DOING THEIR CHRISTMAS SHOPPING. 
          AND SO EACH DAY WE WILL HIGHLIGHT A DIFFERENT INDUSTRY OR AREA IN OUR COMMUNITY. 
          WE GIVE OUT PRIZES FOR PEOPLE THAT ARE SHARING AND LIKING AND DOING ALL OF THOSE THINGS. 
          SO THE SHOP LOCAL PROGRAM IS REALLY INCREDIBLE. 
          SO THERE'S A LOT OF TALK ABOUT ROI. BUT AT THE CHAMBER,
WE LIKE TO THINK IT'S A RETURN ON IMPACT. 
          IT MEANS THAT YOUR ROI IS YOUR RETURN ON IMPACT. 
          THESE PHOTOS THAT YOU SEE HERE REPRESENT MORE THAN EVENTS,
MORE THAN MEETINGS. 
          THEY REPRESENT RELATIONSHIPS, COLLABORATION,
AND THE SHARED WORK OF BUILDING A STRONGER FLOWER MOUND. 
          THE TOWN'S MISSION IS TO PRESERVE OUR UNIQUE COUNTRY ATMOSPHERE,
HERITAGE, AND QUALITY OF LIFE WHILE CULTIVATING A DYNAMIC ECONOMIC ENVIRONMENT. THE CHAMBER'S MISSION,
AGAIN, IS TO SUPPORT THE BUSINESS COMMUNITY FOR THE ECONOMIC PROSPERITY OF FLOWER MOUND. THOSE TWO MISSIONS WORK HAND IN HAND WHEN THE TOWN 
          [01:00:09]
AND THE CHAMBER PARTNERED TOGETHER WE ARE NOT JUST SUPPORTING BUSINESSES. 
          WE ARE STRENGTHENING OUR COMMUNITY. WE ARE PROTECTING WHAT MAKES FLOWER MOUND SPECIAL AND
CREATING LASTING IMPACT FOR RESIDENTS, BUSINESSES AND FUTURE GENERATIONS. THIS FINAL SLIDE BRINGS EVERYTHING TOGETHER IN SUCH A VERY POWERFUL WAY. IT SHOWS WHAT HAPPENED WHEN RELATIONSHIPS,
COMMUNITY, ECONOMIC DEVELOPMENT AND PARTNERSHIP ALL COME TOGETHER WITH A SHARED PURPOSE. PRINCESS HOUSE,
ONE OF OUR VALUED LARGE BUSINESSES IN THE LAKESIDE BUSINESS DISTRICT AND A MAJOR INVESTOR WITH OUR FLOWER MOUND CHAMBER, HAS DEMONSTRATED AN EXTRAORDINARY COMMITMENT TO THIS
COMMUNITY. 
          THROUGH THEIR INCREDIBLE PARTNERSHIP WITH OUR CHAMBER AND OUR ECONOMIC DEVELOPMENT TEAM
THEY WERE OUTFITTED. 
          THEY OUTFITTED EVERY ONE OF OUR FLOWER MOUND FIRE STATIONS WITH BRAND NEW KITCHEN SUPPLIES
AND I AM TALKING. 
          THESE ARE POTS THAT ARE THIS BIG AND OUR FIRE STATIONS ALL GOT TO BE PART OF THAT. 
          IT WAS A MEANINGFUL GIFT TO THE MEN AND WOMEN WHO SERVE AND PROTECT OUR TOWN EVERY DAY. 
          AND NOW PRINCESS HOUSE IS PREPARING TO EXTEND THAT SAME GENEROSITY TO ALL OF OUR LOCAL
NONPROFITS, WHICH WILL BE INCREDIBLE. AND SO WE ARE GOING TO PARTNER. 
          WE'RE GOING TO HAVE KITS PUT TOGETHER FOR OUR NONPROFITS TO COME BY AND BE BLESSED WITH
THIS INCREDIBLE BUSINESS LEADER IN THEIR TOWN. AND THIS IS JUST ONE EXAMPLE OF HOW INCREDIBLE OUR BUSINESS COMMUNITY IS. 
          THIS IS THE TRUE IMPACT OF PARTNERSHIP. IT IS BUSINESSES STEPPING FORWARD,
RELATIONSHIPS TURNING INTO ACTION AND COMMUNITY INVESTMENT BECOMING SOMETHING PEOPLE CAN SEE, FEEL AND BENEFIT FROM. 
          THIS IS WHAT MAKES FLOWER MOUND SO INCREDIBLY SPECIAL. 
          WHEN THE TOWN, THE CHAMBER AND OUR BUSINESS COMMUNITY WORK TOGETHER,
WE CREATE AN IMPACT THAT REACHES FAR BEYOND BUSINESSES. 
          WE STRENGTHEN THE HEART OF OUR COMMUNITY. ON BEHALF OF OUR FLOWER MOUND CHAMBER TEAM,
OUR BOARD OF DIRECTORS, WE WANT TO EXTEND OUR DEEPEST GRATITUDE TO THE TOWN OF FLOWER MOUND FOR YOUR UNWAVERING
PARTNERSHIP AND YOUR SUPPORT. 
          YOUR COLLABORATION HAS BEEN INSTRUMENTAL IN FOSTERING THE GROWTH,
INNOVATION AND A THRIVING COMMUNITY. 
          TOGETHER, WE ARE MAKING FLOWER MOUND A PLACE WHERE BUSINESSES FLOURISH AND RESIDENTS ENJOY
AN EXCEPTIONAL QUALITY OF LIFE. 
          THANK YOU FOR YOUR CONTINUED SUPPORT AND OUR CONTINUED SHARED VISION. 
          WOW. [APPLAUSE] IT WAS REALLY AMAZING. THAT WAS HANDS DOWN BEST. 
          LORI, I MEAN, I CAN'T SPEAK HIGHLY ENOUGH ABOUT THE CHAMBER AND THE WORK THAT YOU AND THE
STAFF PUT TOGETHER FOR OUR COMMUNITY. 
          IT'S JUST AMAZING AND HOW COLLABORATIVE YOU ARE WITH THE TOWN. 
          SO IT'S JUST A PLEASURE THAT, YOU KNOW, WE CAN WORK TOGETHER. 
          AND, AND I ASKED ABOUT THE FINANCIAL PART BECAUSE I WAS WONDERING IF THAT AMOUNT IS
ACTUALLY HELPING CONTINUING TO HELP YOU. 
          AND OF COURSE IT DOES. BUT IS IT HAVING LESS OF AN IMPACT BECAUSE OF THE COST OF
EVERYTHING? WELL, YES. AND, YOU KNOW, I KNOW THAT FOR THE NEXT,
YOU KNOW, FEW MEETINGS THAT ALL YOU ARE GOING TO HEAR IS THAT AND WE WERE IN A, WE RUN A TIGHT SHIP. YOU'RE A FIVE STAR ACCREDITED CHAMBER. 
          BUT WE WORK VERY, VERY HARD FOR THAT. THERE ARE SO MANY OTHER WAYS THAT WE COULD PARTNER
AND OUR ECONOMIC DEVELOPMENT TEAM RAY PROBABLY IS TIRED BECAUSE I LITERALLY,
IF HE DOESN'T ANSWER HIS WORK PHONE, I CALL HIS CELL PHONE BECAUSE I'LL SAY, HEY, I HAVE A GREAT IDEA. I HAVE A GREAT IDEA. 
          SOMETIMES HE WANTS TO SLOW US DOWN, BUT SO YEAH,
I'M GOING TO COME IN AND ASK FOR THE MOON. 
          BUT WE'RE JUST SO APPRECIATIVE OF THE COLLABORATION THAT WE AND THE PARTNERSHIP THAT WE
HAVE WITH YOU ALL. 
          YEAH. WELL, I REALLY DO LOVE IT. I, YOU KNOW,
WHEN I ATTEND TO SOME OF THOSE EVENTS THAT YOU HAVE, IT'S JUST WONDERFUL TO LISTEN TO THE BUSINESS OWNERS AND PEOPLE WHO AREN'T INVOLVED IN IT. 
          I ENCOURAGE THEM TO TRY TO GET INVOLVED WITH THE CHAMBER BECAUSE IT IS SUCH A GREAT
NETWORKING OPPORTUNITY. 
          IT'S SUCH A BUSINESS DRIVER FOR EVERYONE AND IT'S AN ECONOMIC DRIVER AS WELL FOR THE
COMMUNITY AND FOR EACH BUSINESS. 
          [01:05:01]
SO ABSOLUTELY, THERE'S NO BAD ASPECT OF BEING IN THE CHAMBER. 
          IT'S ALL GOOD. IT'S ALL PLUSES. ONE OF THE THINGS THAT I WANT TO ASK YOU,
I HAVE A COUPLE COMMENTS. 
          WELL, ONE OF THE THINGS IS, YOU KNOW, WE HAVE HEALTHCARE WE'RE KIND OF KNOWN AS A REGIONAL
HEALTHCARE DESTINATION NOW. 
          AND I WOULD LOVE TO SEE US AS SOMETHING TO KIND OF BRING TO YOUR STAFF,
POSSIBLY AS HOW WE CAN COLLABORATE TO MAKE SOME EFFORT TO IMPROVE THIS AS EVEN A BETTER DESTINATION FOR
HEALTHCARE. 
          MAYBE POSSIBLY LOOKING AT A COLLABORATION WITH THE TOWN WHERE WE CAN DO SOME SORT OF
HEALTH AND WELLNESS EXPO TO BRING OUTSIDE RESOURCES HERE TO USE OUR FACILITIES AND RECOGNIZE US EVEN MORE AS THAT DESTINATION BECAUSE WE JUST HAVE AN INCREDIBLE SOURCE OF HEALTH SERVICES HERE. 
          WELL, AND YOU'RE ABSOLUTELY RIGHT, MAYOR. AND YOU KNOW THAT OLD SAYING,
IF YOU BUILD IT, THEY WILL COME. 
          AND WHEN WE WERE SO FORTUNATE TO BE ABLE TO HAVE TEXAS HEALTH PRESBYTERIAN HOSPITAL,
WHAT CAME WITH THAT IS AN INCREDIBLE MEDICAL CORRIDOR WHERE OUR RESIDENTS, THEY DON'T HAVE TO DRIVE TO DALLAS TO MEET THAT DOCTOR THAT THEY NEED
BECAUSE WE HAVE THIS INCREDIBLE PARTNERSHIP. 
          THE CEO SITS ON THE CHAMBER BOARD, AS DOES CEO OF MEDICAL CITY LEWISVILLE. 
          AND WE ARE TALKING ONE OF THOSE INDUSTRY FOCUSED GROUPS IS ON HEALTHCARE. 
          YOU KNOW, ONE OF THE THINGS IS YOUR MEDICAL COMMUNITY. 
          THEY'RE NOT NETWORKING. THEY ARE SEEING PATIENTS ALL DAY. 
          SO WHERE ARE WE GOING TO MEET THEM WHERE THEY NEED TO BE TO BE THIS INCREDIBLE RESOURCE. 
          SO WE'VE BEEN TALKING ABOUT THOSE THINGS YOU AND I HAVE SPOKEN ABOUT IT OF,
YOU KNOW, HEALTH FAIRS AND THINGS. 
          SO WE'RE LET'S BRING THAT ON. WE'RE EXCITED. I WOULD LOVE,
I WOULD LOVE TO SEE THAT COUNCIL FOR US TO DO THAT. 
          AND THEN LOOKING AHEAD, IS THERE ANYTHING THAT WE CAN DO THAT HELPS YOU EVEN MORE? WELL, I JUST, YOU KNOW, ENCOURAGE YOU ALL TO,
AS WE TALKED ABOUT, YOU KNOW, WE GAVE A LOT OF STATISTICS OF HOW MANY PEOPLE ARE AT ALL OF THOSE DIFFERENT THINGS THAT WE DO. I ENCOURAGE YOU ALL TO BE THERE AND BE A PART OF THOSE, YOU KNOW, PART OF YOUR MEMBERSHIP WITH US, YOU HAVE A TABLE FOR OUR LUNCHEONS AND ALL OF
OUR MAJOR EVENTS. 
          ALL OF YOU COME AND SEE WHAT AN INCREDIBLE THING THAT THIS CHAMBER IS DOING. 
          SO THAT'S MY ASK OF YOU. CALL. CALL. CHECK IN. 
          YOU KNOW I ALWAYS HAVE AN IDEA OF THINGS THAT WE CAN DO. 
          AND I JUST, I THANK ALL OF Y'ALL. I KNOW Y'ALL HAVE GOT SOME HARD DECISIONS TO MAKE. 
          BUT I JUST WANT TO ENCOURAGE YOU, YOU KNOW, TO SEE THE GLASS HALF FULL. 
          AND BECAUSE WE LIVE IN AN INCREDIBLE COMMUNITY,
BUT I THANK YOU ALL. 
          THANK YOU. COUNCIL, DO YOU HAVE ANY QUESTIONS? YEAH. SO LORI, I'VE BEEN ON COUNCIL FOR FIVE YEARS NOW AND I DON'T THINK I'VE EVER SEEN
THIS PRESENTATION. I LEARNED A LOT AND I LEARNED A LOT FROM READING THE MOU ON THE DIFFERENT ACTIVITIES THAT WE SUPPORT THE CHAMBER ON AND WHAT WE GET FOR OUR CONTRIBUTIONS. 
          SO I APPRECIATE THAT. I THINK YOU SHOULD COME AND. YOUR RETURN ON IMPACT. YES,
I THINK YOU SHOULD DO THIS MORE OFTEN. SO THANK YOU. 
          I FIRMLY BELIEVE THAT IN FLOWER MOUND WE CAN HAVE IT ALL. 
          I DO TOO. AND WHAT THAT MEANS TONIGHT IS THAT I THINK WE CAN HAVE WORLD CLASS SERVICES AND
ROCK BOTTOM, ULTRA LOW PROPERTY TAXES, I REALLY DO. BUT THE WAY WE ACCOMPLISH THAT HAS TO BE BY GROWING
OUR SALES TAX. 
          THAT'S THE PATH FORWARD. ABSOLUTELY. IT'S NOT BY BUILDING LOTS OF UGLY WAREHOUSES THAT
NOBODY WANTS, BY GETTING PEOPLE TO CHANGE THEIR BEHAVIOR, TO SPEND THEIR MONEY HERE IN TOWN INSTEAD OF
ONLINE OR SOMEWHERE ELSE AND DOING THAT HALF OF THAT SALES TAX GOES RIGHT TO THE THINGS THAT PEOPLE WANT AND ARE WILLING TO PAY FOR,
WHICH IS POLICE, FIRE, PARKS AND STREETS. SO WHENEVER SOMEONE SAYS,
I WANT LOWER PROPERTY TAXES, THEY'RE NOT SUGGESTING WE CUT ANY OF THOSE THINGS. 
          THEY JUST WANT SOMEONE ELSE TO PAY FOR IT. AND YOU CAN DO IT BY SPENDING YOUR DOLLARS HERE
IN TOWN. 
          SO WE'RE THE WHERE I THINK THE CHAMBER IS. THE SHOP LOCAL PROGRAM IS GREAT. 
          I THINK IF YOU EMPHASIZE EVEN MORE THAT THAT LOCAL SALES TAX GOES INTO THOSE FOUR PILLARS
THAT EVERYONE WANTS AND THAT. 
          YES. DIRECTLY SUPPORTING FIRST RESPONDERS BY SIMPLY BUYING YOUR TV AT BEST BUY INSTEAD OF
AMAZON OR WHATEVER THAT, THAT, YOU KNOW, IF WE CAN CHANGE BEHAVIOR, THAT WE CAN HAVE MUCH LOWER PROPERTY TAXES AND
SUPPORT ALL THE THINGS WE ALL REALLY LIKE. 
          SO I APPRECIATE EVERYTHING YOU DO. THANK YOU. 
          [01:10:02]
I THINK IT'S A GOOD PARTNERSHIP AND LET'S TAKE IT EVEN HIGHER. 
          AND YES. THANK YOU. SO A COUPLE COMMENTS. SO PHENOMENAL JOB. 
          LIKE ADAM SAID, I THINK IT WAS A GREAT PRESENTATION AND WOULD WELCOME THE OPPORTUNITY TO
SEE SOME MORE OF THIS. 
          ONE OF THE THINGS I REALLY TOOK AWAY FROM THIS AND THAT I REALLY DO APPRECIATE AND LIKE IS
YOU HAVE YOUR LEGACY EVENTS, YOU KNOW, YOUR LUNCHEONS, THE FIESTA BUT THERE'S SOME NEW INITIATIVES AS WELL. 
          THE INDUSTRY GROUPS. I THINK THAT'S PHENOMENAL. 
          AND I LIKE THAT YOU ARE CONTINUING TO INNOVATE,
CONTINUING TO FIND WAYS TO HELP THE, YOU MENTIONED THE SIGN MEETING THAT HAPPENED THIS MORNING WITH THE HOSPITALITY GROUP. I THINK THIS SHOWS A GREAT COLLABORATION BETWEEN THE
TOWN, THE CHAMBER AND THE SMALL BUSINESS COMMUNITY. 
          AND I THINK THAT'S VERY IMPORTANT TO HAVE THAT. 
          AND AS WE TALKED A COUPLE OF MEETINGS AGO WITH SOME OF THE LARGER DEVELOPERS THAT,
YOU KNOW, DO A LOT OF BUSINESS IN TOWN. THEY KNOW HOW OUR PROCESSES,
THEY KNOW HOW OUR SYSTEMS WORK. 
          YES. FOR A BRAND NEW SMALL BUSINESS COMING TO TOWN,
THEY HAVE NOT DEALT WITH THIS BEFORE. 
          THEY DON'T KNOW ANY OF THAT. AND IF THERE'S A WAY THAT THE CHAMBER CAN FILL THAT GAP I
THINK THAT COULD BE VERY, VERY VALUABLE BECAUSE WHAT THE STRONG BUSINESS COMMUNITY,
AS I HAD MENTIONED, THAT JUST ELEVATES THE ENTIRE TOWN. 
          YES. ALL THE RESIDENTS THE PEOPLE THAT LIVE HERE,
THE PEOPLE THAT WORK HERE, THE BUSINESS OWNERS AS WELL. 
          SO I THINK THAT THE ABILITY FOR THE CHAMBER AND YOUR BUSINESS COMMUNITY TO FILL THAT OR TO
FILL THE GAP THAT THE CHAMBER CAN FILL THAT GAP. AND I THINK YOU'RE DOING A GREAT JOB WITH IT. 
          AND I WOULD ENCOURAGE YOU TO KEEP INNOVATING,
KEEP FINDING NEW WAYS TO DO THAT. 
          AND I KNOW IT'S A RETURN ON IMPACT, BUT I ALSO THINK THIS IS A GOOD INVESTMENT FROM THE
TOWN PERSPECTIVE, BECAUSE I THINK IT'S GOING TO REAP A LOT MORE THAN WHAT WE'RE PAYING. 
          SO GOOD JOB AND THANK YOU. WELL, I APPRECIATE THAT VERY MUCH. 
          THANK YOU. YOU KNOW, WE HAVE AN INCREDIBLE BOARD OF DIRECTORS THAT ARE MADE UP OF OUR
LOCAL BUSINESSES. 
          AND THAT WAS ONE OF THE THINGS THAT WE TALKED ABOUT WERE THESE INDUSTRY DRIVEN. 
          AND I JUST THANK YOU ALL FOR HAVING THAT WORK SESSION THE OTHER NIGHT. 
          YOU KNOW, WE WERE JUST TALKING ABOUT A FEW OF THE SIGNS AND THE IMPACT THAT THEIR DAILY
CASH REGISTER SALES ARE RELATED BACK TO A SIGN. SO I APPLAUD YOU ALL AND THANK YOU ALL FOR HOLDING THAT
WORKSHOP. 
          AND I APPRECIATE TOMMY DALTON AND HIS TEAM AND EVERYONE,
WE HAD A GREAT MEETING WITH THEM AND THINGS ARE GOING TO BE EXCITING. 
          SO WE'RE EXCITED. THANK YOU. BRIAN. YEAH. LORI. 
          I THINK MY COMMENTS ARE SIMILAR TO BRIAN'S. IT'S KEEP INNOVATING BECAUSE THOSE INDUSTRY
GROUPS, THOSE ARE MAKING AN IMPACT. I'VE SEEN THE ADVERTISEMENTS FOR THE HOSPITALITY ONE,
AND I KNOW THAT'S DOING A LOT OF GOOD WORK. 
          AND YES, TRY AND FILL THAT GAP FOR THOSE NEW BUSINESSES OR EVEN EXISTING BUSINESSES THAT
ARE LOOKING TO MOVE, MAYBE BUY THEIR OWN SPACE THAT DON'T REALLY KNOW HOW TO GO ABOUT THAT BECAUSE THEY DON'T
HAVE THE STAFF THAT CAN WORK WITH OUR STAFF ON THE DEVELOPMENT SIDE, AND THEY'RE MAYBE A SINGLE OWNER OR PARTNERSHIP. 
          SO TRY AND FILL THAT GAP AND BE INNOVATIVE IN THAT AREA. 
          WELL, AND THANK YOU FOR COUNCILWOMAN HARRIS FOR SAYING THAT. 
          AND I HAVE TO GIVE A HUGE PLUG FOR THIS TOWN STAFF AND TEAM. 
          THEY ARE ALL INCREDIBLE, INCREDIBLE. BUT YOU MENTIONED,
YOU KNOW, IF YOU'RE A DEVELOPER IN TOWN, YOU KNOW, THE PROCESSES, BUT OUR SMALL BUSINESSES WHEN THEY CALL THIS TEAM IS SO
INCREDIBLY RESPONSIVE. 
          AND SO WE'RE APPRECIATIVE OF EVERYONE ON STAFF. 
          SO SHOP LOCAL. I'M ALL IN. I, WHEN SOMEONE ASKS TO MEET ME,
I'M ALWAYS IT'S GOT TO BE IN TOWN. 
          SHOP IN TOWN. WE DINE IN TOWN. ONE THING THAT YOU MENTIONED WAS RETAINING EXISTING
BUSINESSES. 
          THAT'S HUGE. RIGHT. IS RETENTION. RECENTLY A BUSINESS WHO,
A RESTAURANT REACHED OUT TO ME AND THEY'VE BEEN IN TOWN FOR SEVERAL YEARS AND SHE, THEY JUST MENTIONED THAT THEY'RE STRUGGLING. 
          AND SHE SAID, WHAT CAN WE DO? AND I IMMEDIATELY SAID,
REACH OUT TO THE CHAMBER. 
          I HOPE THAT THEY DID. SHE PUSHED BACK JUST A LITTLE BIT,
SAYING, THE MEMBERSHIP FEE, CAN I HANDLE THE MEMBERSHIP FEE? AND SO I GUESS I'M ASKING, IS THERE A IS THERE A SCHOLARSHIP OPPORTUNITY FOR SOME OF THESE
STRUGGLING BUSINESSES? THEY'RE EXISTING, BUT THEY MAY BE STRUGGLING AND FINANCIALLY. 
          SO GREAT QUESTION. AND YES, I WANT TO FIND OUT WHO THAT WAS BECAUSE WE CERTAINLY WANT TO
HELP THEM. 
          WE WORK WITH THEM ALL OF OUR BUSINESSES. THERE ARE SOME HARDSHIPS THAT BUSINESSES GO
THROUGH AT THE TIME, AND SO OUR TEAM WORKS WITH THEM SOMETIMES ON SOME PLANS. 
          AND THE THE SMALL INVESTMENT, ONE OF THE THINGS THAT WHEN WE,
YOU KNOW, DO EVENTS 
          [01:15:06]
AND THINGS IS SO THAT WE CAN KEEP THOSE DUES AS LOW AS POSSIBLE FOR OUR,
YOU KNOW, SMALLER, SMALLER BUSINESSES OUR LARGER BUSINESSES,
YOU KNOW, THEY CAN, THEY CAN WRITE THOSE CHECKS, BUT THAT'S REALLY IMPORTANT. AND SO, YOU KNOW,
WHEN PEOPLE SAY, WHY DO YOU HAVE FUNDRAISERS? WHY DO YOU DO THOSE THINGS? IT IS DIRECTLY BACK TO THAT LOW COST OF THE MEMBERSHIP FOR
THEM TO COME IN. 
          SO PERFECT. I JUST WANT TO RELAY WHAT EVERYBODY ELSE SAID. 
          BUT EVERY TIME I WORK WITH THE CHAMBER AND ATTEND CHAMBER EVENTS,
IT'S A POSITIVE EXPERIENCE. 
          ALWAYS LEARN SOMETHING NEW. ENJOY EDUCATING THE BUSINESSES ON WHAT'S GOING ON WITH THE
TOWN. 
          BUT I ALSO REALLY LIKE THE POSITIVE FEEDBACK BACK TO US OF WHAT WE CAN DO BETTER,
WHAT THE TOWN CAN DO BETTER. 
          SO I'M GOING TO MAKE IT A PERSONAL GOAL TO TRY AND ATTEND MORE EVENTS. 
          I LOVE THAT. YEAH, I THINK WE WANT YOU IN OUR LEADERSHIP CLASS THIS YEAR. 
          I'M GOING TO DO MY BEST. HE'S GOING TO DO HIS BEST. 
          WELL I JUST APPRECIATE ALL OF YOUR SUPPORT. WE HAVE AN INCREDIBLE TEAM,
AN INCREDIBLE BOARD. 
          AND WE'RE JUST SO APPRECIATIVE TO ALL OF YOU ALL. 
          THANK YOU. THANK YOU. OKAY. 
          ALL RIGHT. WE'RE GOING TO MOVE FORWARD. THERE'S NO ACTION TO BE TAKEN ON ON THAT LAST
ITEM. 
          SO LEXIN IS GOING TO PRESENT ON REGULAR ITEM TWO ON THE TIME BASED SHARED PARKING. 
          [K.2. LDR26-0001 - Time-Based Shared Parking - Public Hearing to consider an ordinance amending the Land Development Regulations (LDR26-0001 – Time-Based Shared Parking) by amending Chapter 82, "Development Standards," related to off-street parking. (PZ recommended approval by a vote of 5 to 0 at its June 22, 2026, meeting.)]
THIS IS A PUBLIC HEARING, SO IF YOU WANT TO MAKE PUBLIC COMMENT,
YOU CAN STILL FILL OUT PUBLIC COMMENT CARDS WHEN WE GET TO THAT POINT. 
          THANK YOU MAYOR. THIS IS A PROPOSED AMENDMENT TO THE TOWN'S LAND DEVELOPMENT REGULATIONS. 
          IT WOULD BE AN AMENDMENT TO OUR OFF STREET PARKING STANDARDS IN CHAPTER 82,
ARTICLE 3 INCORPORATING TIME BASED SHARED PARKING STANDARDS. 
          SO JUST TO GIVE A LITTLE BIT OF INFORMATION ON WHAT IS SHARED PARKING,
IT'S THE USE OF A PARKING SPACE TO SERVE TWO OR MORE LAND USES, WHICH ARE COMPATIBLE WITH THEIR PEAK DEMANDS BASED ON THE TIME OF DAY AND DAY OF THE WEEK. 
          IT PROVIDES A BALANCE OF ADEQUATE PARKING AND REDUCES OVERSUPPLY. 
          A COMBINED PARKING DEMAND IS OFTEN SUBSTANTIALLY LOWER THAN THE SUM OF INDIVIDUAL MINIMUM
PARKING REQUIREMENTS, BECAUSE PEAK DEMAND OCCURS AT DIFFERENT TIMES. 
          IT BASICALLY ALLOWS ONE PARKING SPACE TO SERVE MORE THAN ONE USE. 
          YOU KNOW, FOR EXAMPLE, IF YOU HAVE A RESTAURANT THAT'S NEXT TO AN OFFICE BUILDING,
YOU KNOW, THE RESTAURANT WOULD BE HITTING THEIR PEAK DEMAND IN THE EVENINGS AND ON THE WEEKENDS WHEN
THE OFFICE SPACE IS CLOSED. 
          SO IT PREVENTS POURING THE PARKING SPACES AND THE PARKING LOT TO FULLY MEET BOTH OF THOSE
NEEDS INDIVIDUALLY AND ALLOWS THEM TO SHARE. 
          OUR CURRENT CODE WHAT IT SAYS TODAY, THE ONLY METHOD TO REDUCE PARKING FOR DEVELOPERS IS
AN ALLOWANCE TO GO UP OR DOWN BY A MAXIMUM OF 20%. 
          THAT'S WHAT YOU CAN DO JUST WITHIN THE CODE WITHOUT ASKING FOR ANY SPECIAL PERMISSION. 
          INCREASING OR DECREASING PARKING SPACES BY MORE THAN 20% OF THE REQUIRED MINIMUM. 
          PARKING REQUIRES AN INDEPENDENT SHARED PARKING STUDY AND APPROVAL OF A DEVIATION BY TOWN
COUNCIL UPON RECOMMENDATION FROM THE PLANNING AND ZONING COMMISSION. 
          CURRENT PARKING SUPPLY NUMBERS THAT WE'RE USING ARE MOSTLY BASED OFF OF NATIONAL PARKING
REQUIREMENTS THAT WERE DEVELOPED YOU KNOW, 20 YEARS AGO OR SO. MINIMUM PARKING REQUIREMENTS ASSUME 100% CAPACITY AT ALL TIMES OF DAY. 
          GENERALLY, TIME BASED SHARED PARKING IS ONLY FOUND IN MIXED USE AND PLANNED DEVELOPMENTS. 
          SO IF A DEVELOPER IS GOING THROUGH THAT PROCESS TO ACTUALLY DO A LARGE ORDINANCE THAT IS
SPECIFIC TO THAT PROJECT, THEN WE DO HAVE SITUATIONS WHERE THEY'VE PUT IN THE EFFORT TO DO THIS. 
          WE WANTED TO MAKE IT MORE AVAILABLE TO OTHER SMALLER BUSINESSES AND EXISTING BUSINESSES IN
TOWN. 
          AS I MENTIONED, WE DO HAVE SOME CURRENT EXAMPLES IN FIRST RANCH,
LAKESIDE AND THE RIVERWALK. 
          THEY ALL USED THIS DAYTIME 6 A.M. TO 6 P.M. NUMBER. 
          YOU'LL SEE WHEN WE GET TO OUR CHART THAT OURS IS A LITTLE BIT MORE NARROWED. 
          WE DID A 6 TO 12 AND A 12 TO 6. SO I THINK IT'LL BE A LITTLE BIT MORE ACCURATE THERE. 
          SO WHY ADOPT SHARED PARKING. THIS WAS WITHIN THE FISCAL YEAR 24-25 STRATEGIC PLAN ADOPTED
BY TOWN COUNCIL, WHICH IDENTIFIES COMMERCIAL PARKING CODE REVISIONS AS AN INITIATIVE TO INCENTIVIZE REDUCED
PARKING DEMAND AND INCREASE OPPORTUNITIES FOR OPEN SPACE PRESERVATION. 
          IT REMOVES BARRIERS IN OUR CODE TO ALLOW FOR PARKING DECREASES BELOW 20% OF THE REQUIRED
AMOUNT, WITHOUT NEED TO CREATE A MIXED USE OR PLANNED DEVELOPMENT,
OR PAY FOR AN ADDITIONAL PARKING STUDY. 
          REDUCES THE COST OF BUILDING PARKING SPACES. REDUCES THE HEAT ISLAND EFFECT BY REDUCING
THE AMOUNT OF IMPERVIOUS PAVEMENT. 
          [01:20:06]
REDUCES EFFECTS OF STORM WATER RUNOFF FROM THE INCREASED PAVEMENT,
AND IT HAS THE POTENTIAL TO CONTAIN MORE OPEN SPACE AND LANDSCAPE OPPORTUNITIES. 
          WE DID REVIEW A SHARED PARKING MANUAL TO GET RECOMMENDATIONS. 
          THE MANUAL PROVIDES SHARED PARKING ANALYSIS OF USES BASED ON TIME OF DAY AND MONTH AT A
NATIONAL LEVEL, SO THAT IS USED AS A BENCHMARK WITHIN THE STUDY. 
          BUT THEY DID RECOMMEND TO CONDUCT YOUR OWN STUDIES. 
          AND SO THAT'S WHAT TOWN STAFF DID TO FIND THE PEAK TIME OF DAYS FOR USES AT A LOCAL LEVEL. 
          YOU KNOW, IT COULD BE THAT SOME OF THE DATA COMING OUT OF THERE IS SPECIFIC TO,
YOU KNOW, ANOTHER MUNICIPALITY KIND OF SOME SITUATION THEY HAVE,
THEY HAVE DIFFERENT PEAKS, DIFFERENT TIMES. 
          AND SO BY ACTUALLY DOING OUR OWN STUDY, WE MAKE SURE THAT IT WAS VERY SPECIFIC TO FLOWER
MOUND. 
          ALSO DESIGN DAY DESIGN HOUR SHARED PARKING USES THE 85TH PERCENTILE OF PEAK HOUR
OBSERVATION FOR RECOMMENDED PARKING RATIOS. 
          SO THAT'S THE SAME THING THAT WE DID. JUST TO GIVE YOU A LITTLE BIT OF INFORMATION ABOUT
ALL THE DATA THAT WAS OBSERVED. 
          THIS ACTUALLY COVERED FIVE DIFFERENT YEARS. WE TOOK COUNTS IN SINCE 2022 USED HAND COUNT,
DRONE FOOTAGE, NEAR MAP AERIALS, AND STREET VIEW. WE DID IT ALL MONTHS OF THE YEAR,
108 DIFFERENT DAYS ON WEEKENDS, WEEKENDS, AND DAYTIME EVENINGS. MORE THAN 450 OBSERVATIONS AT 120 DIFFERENT SITES IN
FLOWER MOUND, MORE THAN 280 TOTAL VISITS, 36,000 CARS COUNTED AND 17 DIFFERENT LAND USES THAT WERE
LOOKED AT. 
          AND I JUST WANTED TO CALL OUT THE PLANNING SERVICES TEAM FOR THE GREAT WORK THEY DID ON
THIS. 
          AND IT'S NOT ME. I'M NOT TRYING TO CALL MYSELF OUT. 
          IT WAS ALL OF OUR STAFF MEMBERS AND PLANNING SERVICES PEOPLE GOING OUT SOMETIMES IN THE
EVENING, ON THE WEEKENDS AND DOING THIS TO MAKE SURE THAT WE HAD GOOD DATA AND THAT WE REALLY
PRESENTED A GREAT PRODUCT TO THE COUNCIL. 
          AND I APPRECIATE ALL THEIR EFFORTS AND THEIR DEDICATION TO MAKING SURE THIS TURNED OUT
WELL. 
          SO JUST LOOKING AT HOW WE GROUPED THE LAND USE CATEGORIES,
THERE ARE BROADER CATEGORIES THAT INCLUDED SOME VARIETY OF USES. 
          HOTELS, BUSINESS AND LEISURE HOTELS IS PRETTY STANDARD OFFICE INCLUDED PROFESSIONAL
OFFICE, MEDICAL OFFICE AND BANKS. THAT WAS KIND OF ONE OF THE RECOMMENDATIONS THAT BANKS USUALLY
FOLLOWED THOSE SAME HOURS AND PEAKS. 
          RESTAURANT INCLUDED BOTH FINDING CASUAL AND FAST FOOD RESTAURANTS AND RETAIL. 
          WE GROUPED SHOPPING CENTERS, PERSONAL SERVICES,
PHARMACY AND HOME IMPROVEMENT AND ENTERTAINMENT AND RECREATIONAL. 
          WE GROUPED THEATERS, INDOOR OUTDOOR AMUSEMENT AND ASSEMBLY HALLS. 
          HEALTH OR ATHLETIC CLUB ALSO INCLUDED HEALTH,
FITNESS AND RECREATIONAL COMMUNITY CENTERS. 
          SO JUST LOOKING AT THE SITE COUNTS, WE GOT 41 UNDER THE HOTEL CATEGORY,
72 UNDER OFFICE, ONE, 17 UNDER RESTAURANT, 151 UNDER RETAIL, 45 UNDER ENTERTAINMENT RECREATIONAL,
AND THEN 29 UNDER HEALTH CLUB OR ATHLETIC CLUB. 
          SO FINDING THE DEMAND, FIRST THING WE HAD TO DO WAS OBSERVE THE OCCUPANCY RATE. 
          WHAT ARE THE ACTUAL NUMBER OF CARS THAT ARE OUT THERE AND THE PARKING SPACES PROVIDED. 
          NEXT THING YOU HAVE TO LOOK AT IS, WELL, WHAT ABOUT PARKING DEVIATION? LIKE WHAT IF THEY INITIALLY BUILT MORE SPACES THAN WERE REQUIRED FOR THAT USE? THEN IT WOULD MAKE IT LOOK LIKE THEY'RE NOT VERY FULL AND YOU KNOW,
OH, THERE'S NOT A HIGH UTILIZATION RATIO. 
          SO WE HAD TO LOOK AT THAT FOR ALL OF THESE PARKING LOTS AND DETERMINE WHICH ONES HAD
DEVIATED FROM WHAT THE TYPICALLY REQUIRED PARKING WOULD BE. 
          ALSO LOOKED AT VACANCY RATES. SO WE HAVE A PRETTY STANDARD 5% VACANCY RATE ASSUMED FOR
MOST OF OUR RETAIL. 
          WE DID GET SOME MORE SPECIFIC INFORMATION FOR HOTELS AND WORKING WITH ECONOMIC
DEVELOPMENT. 
          SO WE APPLIED THAT AS WELL. BECAUSE IF WE KNOW THAT THEY'RE NOT THEY'RE NOT FULL,
THEN THAT'S NOT REFLECTING ACCURATELY WHAT THAT DATA SHOULD BE ALSO. 
          AND THEN NORMALIZING THE DEMAND. LOOKING AT THE RATE THAT WAS OBSERVED AGAINST THE PEAK
RATE AND FILTERING AND FINDING THE 85TH PERCENTILE. SO WE HAVE TO FILTER BY THE DAY,
OBSERVED THE TIME OF DAY, AND THEN FILTER THE LAND USES INTO THE BROADER CATEGORIES TO COME OVER WITH,
COME UP WITH OUR OVERALL CATEGORIES AND CHART. 
          AND THIS IS JUST TALKING ABOUT SOME OF THE EFFECTS ON PARKING AND PARKING THAT'S REQUIRED
THAT HAVE COME ABOUT RECENTLY, JUST THINGS THAT HAVE TO BE TAKEN INTO CONSIDERATION,
YOU KNOW, WORK FROM HOME. 
          [01:25:02]
THERE'S AN INCREASED WORK FROM HOME AND HYBRID WORK ACTUALLY HIGHER IN FLOWER MOUND THAN
IN DFW, WHICH I THOUGHT WAS INTERESTING. MARKET SHIFTS,
YOU KNOW, E-COMMERCE, 45% OF SALES TAX REVENUE IS COMING FROM E-COMMERCE. 
          ALSO INCREASE IN CURBSIDE PICKUP AND FOOD DELIVERY THAT HAPPENED DURING COVID. 
          THAT REALLY HAS STAYED A DEMAND SOCIAL SHIFTS,
CHANGES IN SHOPPING FREQUENCY AND PEAK VISITATION TIMES CAPTIVE PARKING. 
          JUST LOOKING AT OR THINKING ABOUT HOW IF YOU HAVE MULTIPLE USES THAT PEOPLE ARE WANTING TO
VISIT THAT ARE CLOSE TO EACH OTHER, THEN YOU MIGHT STAY IN THAT ONE PARKING SPOT,
BUT BE ABLE TO HIT MULTIPLE OF THOSE LOCATIONS. 
          REGIONAL ECONOMICS, COMPETITION, STRENGTH OF TENANTS,
AND THEN JUST CARPOOLING, RIDE SHARING, TRANSPORTATION ISSUES. SO HERE IS OUR PROPOSED TABLE. 
          YOU CAN SEE SOME OF THE HIGHER NUMBERS ARE IN DARKER BOLD THERE. 
          WE DID NOT ACTUALLY DO ANY NIGHT TIME BETWEEN MIDNIGHT AND MIDNIGHT AND 6 A.M. 
          OBSERVATIONS. SO THOSE ARE USING NATIONAL ASSUMPTIONS. 
          AND THIS JUST SHOWS YOU THE DISTRIBUTION OVER TIME FOR THOSE DIFFERENT CATEGORIES HOW MUCH
THEY REALLY CAN VARY. 
          AND SO HERE IS AN EXAMPLE. SO BASICALLY WHAT YOU DO IS CALCULATE THE NUMBER OF REQUIRED
SPACES USING MINIMUM PARKING REQUIREMENTS IN THE CODE FOR EACH USE. 
          SO THIS WOULD BE THE TYPICALLY REQUIRED AMOUNT FOR THIS PARTICULAR DEVELOPMENT. 
          AS PROPOSED IS 1,328 SPACES COULD GO UP TO ALMOST 1600 WITH OVER PARKING COULD BE REDUCED
TO 1,062 WITH OUR STANDARD 20% ALLOWED REDUCTION. SUM THE TOTAL PARKING BY USES PRESCRIBED IN THE SHARED
PARKING TABLE. 
          THEN YOU MULTIPLY THE PERCENTAGE IN EACH COLUMN BY THE TOTAL REQUIRED PARKING FOR EACH
LAND USE, AND THEN TOTAL THE RESULTING NUMBERS IN EACH COLUMN. 
          THE COLUMN THAT GENERATES THE HIGHEST NUMBER IS THE SHARED PARKING REQUIREMENT. 
          SO THAT WOULD BE THE MOST PARKING YOU WOULD NEED AT ANY TIME OF THE DAY. 
          SO AGAIN, WITH OUR BASE PARKING, IT WAS 1,328. 
          YOU CAN SEE THAT THE HIGHEST NUMBER IN THESE CATEGORIES WHEN WE FOLLOW THOSE DIRECTIONS IS
918. 
          SO THAT WOULD BE A SIGNIFICANT REDUCTION IN THE AMOUNT OF UNNECESSARY PAVEMENT THAT THE
TOWN WOULD HAVE BEEN REQUIRING THEM TO INSTALL, EVEN WITH GOING TO THE 1,000 NUMBER, WITH THE 20% REDUCTION,
THIS WOULD BE AN ADDITIONAL REDUCTION FROM THAT. 
          SO WHAT WE HAVE SEEN IS THERE IS TYPICALLY ABOUT A 31% REDUCTION BASED ON SOME OF THE
MODELS WE'VE RUN. 
          SO IT IS A LITTLE BIT MORE THAN THAT 20% THAT WOULD BE ALLOWED JUST WITH THE TOWN'S BASE
CODE AS IT IS TODAY. 
          AND THIS JUST SHOWS YOU, AGAIN, KIND OF A BAR CHART FORM HOW THAT WORKS ITSELF OUT OVER
THE VARIOUS TIME PERIODS. 
          YOU CAN SEE OFFICE IS THE ORANGE. IT'S VERY HEAVY DURING THE WEEKDAY MORNING AND
AFTERNOON, AND THEN RESTAURANTS OR THE GREEN. THOSE ARE DEFINITELY HEAVIER IN THE EVENINGS AND ON THE
WEEKENDS. 
          SO THE ACTUAL PROPOSED AMENDMENTS TO OUR LANGUAGE TO SECTION 82-73 AND EFFORTS TO REDUCE
PARKING REQUIREMENTS, STORMWATER RUNOFF HEAT ISLAND EFFECT OFF STREET PARKING MAY BE SHARED BETWEEN DIFFERENT
USES AND PROPERTIES, WITH DIFFERENT OPERATING HOURS OR DIFFERENT PEAK TIME PERIODS BASED ON THE PROVISIONS OF
THIS SECTION, PROPOSED AMENDMENTS TO 82-84 SHARED PARKING IS NOT REQUIRED,
BUT IF IT IS USED, IT MUST MEET THE FOLLOWING. 
          IT HAS TO BE TWO OR MORE DIFFERENT LAND USES ON THE SITE,
BECAUSE IF IT'S ALL THE SAME LAND USE, IT DOESN'T WORK, DOESN'T REALLY MATTER. YOU'RE GOING TO HAVE THE SAME PEAKS,
MUST BE LOCATED IN THE SAME DEVELOPMENT OR SUBDIVISION UNLESS OTHERWISE SPECIFIED IN APPROVED TOWN DOCUMENT. AGAIN, IT DOESN'T WORK. 
          YOU KNOW, SOMEBODY ACROSS THE STREET AND YOU'RE DOING YOUR DEVELOPMENT HERE. 
          I MEAN, UNLESS IT'S A VERY SMALL LOCAL STREET THAT YOU ACTUALLY ARE SPREADING ACROSS,
BUT TYPICALLY YOU WOULD BE WITHIN A SINGLE SUBDIVISION. 
          SHARED PARKING AGREEMENT BETWEEN ALL PARTIES MUST BE PROVIDED TO THE TOWN. 
          THE TOWN WILL BE MADE A PARTY TO ALL AGREEMENTS AND WILL BE HELD HARMLESS. 
          SO THIS IS IN SITUATIONS WHERE IT DOES NEED TO BE DOCUMENTED SEPARATELY,
BECAUSE IT'S NOT ALREADY CALLED OUT WITHIN A PD OR AN MU ZONING. 
          THEN WE HAVE TO GET EVERYBODY TO AGREE THAT THEY'RE GOING TO ABIDE BY THOSE RULES,
AND WE MAKE THE TOWN A PARTY TO IT TO ENSURE THAT THEY CAN'T CHANGE IT AFTER THE FACT WITHOUT US KNOWING. CHANGE IN USES MUST BE REASSESSED AND OBTAIN APPROVAL. 
          THIS IS STANDARD PROTOCOL IN OUR CURRENT CODE FOR ANY PARKING ADJUSTMENTS. 
          AND SO IT WOULD BE HANDLED AT ADMINISTRATIVE LEVEL THE SAME WAY WE DO TODAY UNLESS
OTHERWISE REQUIRED. 
          IT MAY REDUCE THE PARKING BY MORE THAN 20%, AS WE ALREADY SAW. 
          [01:30:02]
FOR PROJECTS WHICH CONTAIN LAND USES NOT LISTED IN THE TABLE OR OTHER HOURS WHICH DO NOT
OVERLAP, A SHARED PARKING STUDY WOULD BE REQUIRED FOLLOWING OUR CURRENT PROCESSES. 
          SO AGAIN HERE IS THAT PROPOSED TABLE. ALSO WHEN WE PRESENTED THIS TO THE PLANNING AND
ZONING COMMISSION, THEY RECOMMENDED APPROVAL. BUT THEY DID ASK FOR STAFF TO LOOK INTO FINDING APPROACHES,
WHICH WOULD REDUCE THE DISTANCE OF PARKING AREAS AND PARKING SPACES TO BUILDING ENTRANCES IN ORDER TO LESSEN PEDESTRIAN WALKING DISTANCE AND TIME. 
          SO STAFF HAS MODIFIED THE ORDINANCE TO INCLUDE A COUPLE OF ADDITIONAL AMENDMENTS. 
          UNDER PARKING AREA DESIGN, WE INCLUDED LANGUAGE THAT SAY IT'S ALL PARKING AREAS SHALL BE
ARRANGED TO MINIMIZE PEDESTRIAN TRAVEL DISTANCES, AND SHALL PROVIDE SAFE AND CONVENIENT PEDESTRIAN ACCESS BETWEEN PARKING SPACES AND
BUILDINGS. 
          USES OR FACILITY ENTRANCES SHALL BE CONNECTED TO PRINCIPAL BUILDING THROUGH SIDEWALKS,
WALKWAYS, CROSSWALKS OR OTHER PEDESTRIAN FACILITIES, AND THEN UNDER 82-84 SHARED PARKING FACILITIES
SHALL COMPLY WITH ALL APPLICABLE OFF STREET PARKING REGULATIONS OF THIS ARTICLE. 
          SO THAT'S THE END OF MY PRESENTATION. I WOULD BE HAPPY TO ANSWER ANY QUESTIONS. 
          IT'S JUST A QUICK ONE ON SLIDE 21. AND I THINK IF I HEARD RIGHT,
YOU WERE TALKING ABOUT, YOU'RE ASSUMING THAT RESTAURANTS ARE MOSTLY HEAVY IN THE EVENING. 
          IF A RESTAURANT IS A BREAKFAST, WE'VE GOT QUITE A FEW OF THOSE AROUND. 
          ARE YOU MODIFYING TO ACCOUNT FOR THOSE. WE'RE NOT. 
          AND AGAIN, THEY COULD DO A PD AND CREATE THEIR OWN PARKING RATIOS. 
          BUT WE'RE NOT REALLY A LOT. THIS IS THIS IS JUST THE,
THE BASE MODEL. 
          IF YOU WANT TO JUST USE WHAT THE TOWN HAS PROVIDED,
YOU CAN USE THIS. 
          IF YOU WANT TO SPECIFY OR TAILOR IT TO YOUR PROJECT,
THEN YOU WOULD NEED TO DO A PD AND, YOU KNOW, EXPLAIN, DO THE STUDY TO SHOW HOW YOU'RE DIFFERENT. 
          AND THEN WITH THAT PD, WE COULD ALSO HOLD THEM TO THE REQUIREMENT THAT THEY STAY THAT YOU
KNOW, BREAKFAST RESTAURANT THAT CLOSES AT A CERTAIN TIME BECAUSE OTHERWISE WE DON'T REALLY HAVE
ANY WAY OF ENFORCING WHEN SOMEONE'S OPERATING HOURS ARE. 
          SURE. OKAY. PERFECT. THANK YOU. SO THANKS, LEXIN. 
          I THINK THIS WAS GREAT. AND YOU ANSWERED ONE OF MY QUESTIONS,
WHICH WAS WHAT HAPPENS IF A BUSINESS CHANGES AFTER IT'S ALREADY BEEN GRANTED? I'M GLAD TO SEE THAT'S ALREADY WRITTEN IN. YOU MENTIONED EARLIER THAT WE HAVE THREE
LOCATIONS THAT ALREADY UTILIZE SHARED PARKING RIVERS, RIVERWALK AND LAKESIDE ARE TWO, AND THEY ARE USING SHARED PARKING AT THIS POINT. 
          IS THAT CORRECT? NOT EXACTLY LIKE THIS, BUT THEY ARE USING A SHARED PARKING MODEL. 
          I DON'T KNOW THAT THEY HAVE THAT EITHER OF THEM HAVE USED IT YET AT THIS POINT. 
          LAKESIDE IS GOING TO BE USING IT ON AN UPCOMING PROJECT,
I BELIEVE WHEN THEY START BUILDING OUT MORE OF LAKESIDE VILLAGE WITH THE HOTEL AND THAT SORT OF THING THAT THEY'RE PLANNING TO UTILIZE MORE SHARED PARKING,
I DON'T KNOW THAT THEY HAVE HAD TO AT THIS POINT OUTSIDE OF THEY HAVE THEY ARE SHARING PARKING SPACES THROUGHOUT THE DEVELOPMENT,
BUT THEY HAVEN'T HAD A NEED TO GO THROUGH THE CALCULATION PROCESS TO SHOW THAT, YOU KNOW, THIS, THEY'LL ONLY NEED THESE PEAK HOURS VERSUS THESE PEAK HOURS AND THAT SORT
OF THING. 
          THE PROJECT THAT HAS ACTUALLY ACTIVELY USED IT IS ACTUALLY LAKESIDE CROSSING. 
          NOW THEY DID AGAIN, THEY DIDN'T KIND OF DO A STANDARD MODEL LIKE SOME OF THESE THEY'RE
LOOKING AT BECAUSE THEY HAD MORE SPECIFIC USES, THE COFFEE SHOP AND THE HAIR SALON THAT WERE GOING TO HAVE KIND OF DIFFERENT THAN AVERAGE
ASSUMED. 
          SO THEY DID THEIR OWN PARKING STUDY AND THEY ARE USING THE TIME BASED SHARED PARKING. 
          THE OTHER DEVELOPMENTS WROTE IN THOSE STANDARDS. 
          BUT I DON'T BELIEVE THAT ANY OF THEM ARE ACTIVELY USING IT AT THIS TIME. 
          OF COURSE, FURST RANCH HASN'T OPENED ANYTHING YET. SURE. BUT SO THEY DO HAVE THAT
CAPABILITY TO DO IT. 
          YES THEY DO. AND WHAT WE DO HERE WILL NOT IMPACT OR CHANGE THOSE EXISTING AGREEMENTS. 
          IS THAT CORRECT? THAT'S CORRECT. THEY WOULD STILL BE ABLE TO USE THEIRS. 
          I DID I GOT A QUESTION FROM ANOTHER COUNCIL MEMBER,
AND I HAD SHARED THAT WE HAVE TYPICALLY ALLOWED PEOPLE TO STILL USE OUR BASE CODE AS WELL. 
          SO IF THEY FOUND THAT THIS WAS ADVANTAGEOUS TO THEM AGAIN,
BECAUSE LIKE I SAID, WE DO SPLIT UP THAT TIME PERIOD RATHER THAN DOING 6 TO 6, WE DO 6 TO 12 AND THEN 12 TO 6 DURING THE DAY. 
          IT'S POSSIBLE THAT THAT COULD BENEFIT ONE OF THOSE DEVELOPMENTS. 
          AND SO I THINK WE WOULD ALLOW THEM TO UTILIZE OUR DATA. 
          IF IT SHOWED THAT IT WAS OF HELP TO THEM AND WOULD REDUCE ANY UNNECESSARY PARKING. 
          MAKES SENSE. THANK YOU. SO. LEXIN. THE SO JUST TO PIGGYBACK ON BRIAN'S POINT,
SO THERE WAS A FORMER COUNCILMEMBER THAT ASSERTED WE WERE DOING THIS FOR THE RIVERWALK, BUT THE RIVERWALK DIDN'T HAVE ANYTHING TO DO WITH THIS,
DID IT? IS THAT YOUR UNDERSTANDING? NO. THE RIVERWALK DIDN'T HAVE ANYTHING TO DO WITH IT. 
          AS WE DISCUSSED, THEY ALREADY HAVE SHARED PARKING IN THERE. THIS COULD POTENTIALLY HELP
THEM. 
          RIGHT. BUT NO, THERE WAS NOTHING ABOUT THE RIVERWALK THAT INITIATED THIS DISCUSSION. 
          [01:35:04]
I THOUGHT WE INITIATED THIS BECAUSE WE LOOKED AT THESE FLAT LOTS AT PLACES LIKE THE LOWE'S
AND TARGET, AND THERE'S ALL THIS UNUSED PARKING THAT JUST NEVER GETS USED EVEN DURING THE BUSIEST TIME
OF YEAR, AND IT JUST DOESN'T MAKE ANY SENSE. IS THAT YOUR UNDERSTANDING CORRECT? YES. YEAH. AND ALSO JUST THAT WE WOULD HEAR THIS FROM LIKE SOMETIMES SMALLER BUSINESSES OR
WHATEVER THAT ARE LOOKING TO GO INTO EXISTING DEVELOPMENTS. 
          AND IT SHOWS THAT THEY CAN'T, YOU KNOW, AND THEY'RE LIKE,
OH, WELL, BUT WE, YOU KNOW, WE'RE GOING TO BE NEXT AT, FOR INSTANCE, WE'RE GOING TO BE NEXT TO AN OFFICE. AND SO THEY'RE GOING TO HAVE TOTALLY
DIFFERENT HOURS THAN US. IT'S REALLY NOT GOING TO BE A PROBLEM. AND WE'RE LIKE, WELL, WE DON'T HAVE THE ABILITY TO ADDRESS THAT THROUGH OUR BASE CODE. 
          YOU WOULD HAVE TO DO A PD AND DO A PARKING STUDY AND KIND OF DEFINE THIS ALL OUT. 
          AND THAT CAN BE A BURDEN TO SOME OF THESE SMALLER BUSINESSES,
ESPECIALLY IF THEY'RE NOT THE DEVELOPER, THEY'RE JUST TRYING TO GO INTO A SHOPPING CENTER. 
          YEAH. AND SO JUST TO CLOSE OUT THAT OTHER POINT,
SO THE, WE HAD OUR FALL FESTIVAL, THE RIVERWALK LAST YEAR, AND I THINK WE HAD 5 OR 6000 PEOPLE FOR BACK IN BLACK AND WE HAD ENOUGH PARKING BECAUSE
THERE'S PARKING EVERYWHERE. 
          THERE'S GARAGES AND STREET SIDE PARKING. SO ANY CONCERN WE HAVE ABOUT THE RIVERWALK WITH
THE ART CENTER IS JUST A RED HERRING. 
          THIS IS REALLY TO TRY TO REDUCE THE AMOUNT OF GIANT FLAT LOTS THAT WE HAVE ALL OVER TOWN
THAT ARE JUST BAKING IN THE SUN WITH NO CARS ON THEM. 
          THAT'S CORRECT. I SUPPORT THIS VERY MUCH. THANK YOU. ANY OTHER COMMENTS FROM COUNCIL? SO LEXIN, YOU MENTIONED SOMEBODY GOING INTO AN EXISTING DEVELOPMENT. 
          SO WHERE WOULD THEY START? IF THIS IS APPROVED? HOW WOULD AN EXISTING BUSINESS, WHERE WOULD THEY START WITH THIS PROCESS? IT SOME OF IT DEPENDS ON HOW THAT EXISTING DEVELOPMENT IS SET UP. 
          BECAUSE IF IT IS AGAIN, IF IT WAS PART OF A PD PREVIOUSLY,
THEN TYPICALLY THE TOWN HAS LANGUAGE THAT WE REQUIRE IN ALL PDS FOR OVERALL DEVELOPMENTS THAT SAYS THERE WILL BE
SHARED PARKING ACROSS SHARED ACCESS AND SHARED PARKING THROUGHOUT THE DEVELOPMENT. 
          AND SO IF THAT'S THE CASE, THEN THERE IS ALREADY THE ALLOWANCE FOR SHARED PARKING. 
          AND SO THEY JUST NEED TO TALK TO THE, WHOEVER IS THE THE SHOPPING CENTER OPERATOR AND TALK
TO THEM ABOUT, HEY, I WANT TO PURSUE THIS. I THINK IT WILL OPEN UP MORE,
YOU KNOW, MORE SPACES FOR OTHER BUSINESSES HERE AS WELL. 
          I THINK IT MAKES SENSE. THEY WOULD NEED TO TALK TO THEM. 
          BASICALLY, IT'S WHOEVER ACTUALLY OWNS THE LOT IS WHO WOULD NEED TO TALK TO THE TOWN. 
          SO YOU DO NEED TO HAVE THE BUY IN OF WHETHER IT'S A PROPERTY MANAGEMENT COMPANY OR IF YOU
ARE THE OWNER OF THE PROPERTY, THEN YOU CAN TALK TO THE TOWN ABOUT IT. AND WE WOULD JUST HAVE TO LOOK AT SOME OF THOSE
SPECIFICS, YOU KNOW, IS IT SOMETHING THAT'S IN A PD? IF SO, DID THEY HAVE THE LANGUAGE THAT ALREADY REQUIRED SHARED PARKING? IF NOT, IF IT'S ADJACENT PROPERTIES, WE WOULD NEED TO HAVE BOTH PROPERTY OWNERS. 
          IF THERE'S DIFFERENT PROPERTY OWNERS, THEY WOULD BOTH NEED TO BE INVOLVED IN THE PROCESS.
AND THAT'S WHEN WE WOULD GO THROUGH THAT ACTUAL WRITTEN AGREEMENT. BECAUSE WHENEVER SOMETHING CROSSES PROPERTY LINES, WE WANT TO MAKE SURE THAT EVERYONE IS AGREEING AS TO
WHAT CAN HAPPEN. 
          SO WITHOUT A PD, THEY WOULD ALL HAVE TO COME TO AN AGREEMENT. 
          YES, WITHOUT A PD THEY WOULD. LIKE I SAID, THAT'S WHAT WE TALKED ABOUT THE THE SHARED
PARKING AGREEMENT. 
          WE CURRENTLY HAVE A SHARED PARKING AGREEMENT THAT WE WORKED WITH TOAST TO PUT TOGETHER. 
          WE CALL IT OUR IRREVOCABLE PARKING CONSENT AGREEMENT,
SOMETHING LIKE THAT. 
          BUT IT'S DOING IT A LITTLE BIT DIFFERENTLY. IT'S IF IT BASICALLY IT'S NOT REALLY WE CALL
IT SHARING PARKING, BUT IT'S KIND OF WHEN, WHEN ONE OWNER SAYS, HEY,
I'M NOT USING THESE TEN SPACES ON MY LOT, SO I WILL GIVE THEM TO YOU. YOU CAN COUNT THEM TOWARD YOUR COUNT FOR YOUR NEEDED PARKING
SPACES, YOU KNOW, NEXT DOOR IN THIS ADJACENT LOT. BUT AGAIN,
BECAUSE IT'S CROSSING LOTS, WE HAVE TO GO THROUGH THE FORM. 
          SO NOW WE'LL HAVE A NEW FORM THAT JUST TALKS ABOUT,
HEY, THERE ARE ALL OF THESE SPACES THAT ARE ACROSS THESE TWO LOTS. 
          WE ARE AGREEING TO SHARE THEM BETWEEN THE USES IN THIS BUILDING. 
          AND BOTH PROPERTY OWNERS WOULD HAVE TO SIGN OFF ON IT. 
          AND SO THEN WE WOULD JUST LOOK AT THAT BREAKDOWN FOR THE DIFFERENT USES THAT ARE IN THERE. 
          AND THEN WHENEVER IF SOMEBODY LEFT AND A NEW USE CAME IN,
WE WOULD JUST HAVE TO CHECK IT AND SEE DOES IT STILL WORK? SO IT'S NOT NECESSARILY THAT EVERY TIME THERE'S A NEW TENANT,
YOU HAVE TO TOTALLY REDO THE FORM. 
          IT WOULD BE THE ACTUAL PROPERTY OWNER THAT WOULD AGREE TO IT. 
          BUT AND IF IT'S ALL ON ONE LOT, THEN YOU MIGHT NOT EVEN NEED A FORM. 
          BUT IT REALLY JUST HAS TO DO WITH THE SPECIFIC SITUATION AND THE OWNERSHIP AND WHETHER
THERE'S ANY EXISTING ZONING REGULATIONS THAT ADDRESS IT. 
          THANK YOU. YEAH. I LOVE THE PRESENTATION. IT MAKES SENSE. 
          YOU KNOW, JUST IT REDUCES THE CONSTRAINTS ON THESE BUSINESSES AND ALSO HELPS
ENVIRONMENTALLY. 
          IT JUST MAKES SENSE OVERALL. NOW THIS IS A PUBLIC HEARING. 
          DO YOU ALL HAVE ANY OTHER COMMENTS BEFORE WE OPEN IT? OKAY. ALL RIGHT. THANK YOU SO MUCH, LEXIN. THAT WAS GREAT. 
          THIS IS A PUBLIC HEARING. SO AT THIS TIME, IF ANYBODY WISHES TO SPEAK DURING THIS PUBLIC
HEARING, THEY MAY COME FORWARD AND DO SO. ANYONE. WE DON'T HAVE ANY COMMENT CARDS,
DO WE? 
          [01:40:07]
ALL RIGHT. THERE'S NO ADDITIONAL COMMENTS. SO I'M GOING TO CLOSE THIS. IF THERE'S NO
DELIBERATION THAT THEN WE CAN GO AHEAD AND MAKE A MOTION. 
          LEXIN A MOTION TO APPROVE WOULD INCLUDE THE REVISED LANGUAGE FOR PROXIMITY? THAT LANGUAGE HAS ALREADY BEEN IN THE ORDINANCE. SO YOU CAN JUST APPROVE AS PRESENTED.
OKAY. THANK YOU. I'LL MOVE APPROVAL AS PRESENTED. SECOND. OKAY. 
          WE HAVE A MOTION AND A SECOND. COUNCIL MEMBER WARNER. 
          AYE. DEPUTY MAYOR PRO TEM TAYLOR. AYE. COUNCIL MEMBER HARRIS. 
          AYE. MAYOR PRO TEM SCHIESTEL. AYE. COUNCIL MEMBER DREW. 
          AYE. OKAY. THE TIME BASED SHARED PARKING AMENDMENTS PASSED BY UNANIMOUS VOTE. 
          THANK YOU AGAIN. OKAY, NOW THE FUN BEGINS. WE HAVE OUR WORK SESSION STARTING. 
          [L. WORK SESSION ITEM]
THIS IS ON THE FLOWER MOUND ARTS CENTER. AND JAMES,
DO YOU WANT TO MAKE SOME COMMENTS ABOUT THIS BEFORE WE GET STARTED? YES, MA'AM, I DO. I WANT TO SET IT UP. SO THIS EVENING'S WORK SESSION IS GOING TO CONSIST
OF THREE PRESENTATIONS. 
          STARTING US OFF WILL BE MICHAEL TINGLEY WITH BORA. 
          HE'S GOING TO PROVIDE A PRESENTATION ON WHERE WE ARE WITH OUR CURRENT PROGRAMMATIC DESIGN
AS REFLECTIVE OF THE FEEDBACK THAT YOU ALL GAVE US AT PREVIOUS WORK SESSIONS, AS WELL AS THINGS THAT WE DISCUSSED WITHIN THE STEERING COMMITTEE. 
          THEN AFTER MICHAEL, WE'RE GOING TO HAVE DUNCAN WEBB WITH WEBB MANAGEMENT COME UP AND HE'S
GOING TO PROVIDE A OVERVIEW OF THE OPERATIONS REPORT TO SEE WHAT THE OPERATIONS OF A PROPOSED FACILITY WOULD LOOK LIKE AND, WHAT TYPE OF REVENUE THAT WE CAN BRING IN AND WHAT
THE OPERATING SUBSIDY WOULD POTENTIALLY LOOK LIKE. 
          AFTER HE FINISHES HIS PRESENTATION, I'LL COME UP AND PROVIDE A BRIEF PRESENTATION TO TALK
ABOUT NEXT STEPS. 
          AND THEN FROM THERE, WE CAN TAKE ANY FEEDBACK THAT YOU HAVE. 
          SO WITH THAT, MICHAEL, IF YOU'RE READY, I CAN TURN IT OVER TO YOU. 
          ALL RIGHT, MAYOR AND COUNCIL MEMBERS, NICE TO SEE ALL OF YOU AGAIN AND A NEW FACE IN THE
COUNCIL. 
          WELCOME BACK. THIS WILL BE OUR THIRD PRESENTATION RELATED TO THIS PROJECT. 
          WE SAW YOU LAST IN MID APRIL, WHEN WE SHARED SOME THOUGHTS ABOUT THE POTENTIAL SCOPE AND
PROGRAM AND BUILDING ELEMENTS ASSOCIATED WITH THE ART CENTER. WE GOT FEEDBACK FROM YOUR GROUP AT THAT MEETING. 
          WE GOT A SERIES OF REALLY SMART QUESTIONS. WE'VE TAKEN TIME SINCE THEN TO RESPOND TO
THOSE. 
          AND TONIGHT WE'RE HERE TO SHARE ALL OF THAT WITH YOU,
TO BETTER INFORM YOU IN TERMS OF MAKING A DECISION. 
          I'M GOING TO START OUT FIRST BY TALKING ABOUT THE ADJUSTMENTS TO THE BUILDING PROGRAM,
THE FINAL BUILDING PROGRAM THAT WE HAVE RECOMMENDED FOR THIS PROJECT. 
          AND THIS WAS THE FIRST STEP THAT WE TOOK AFTER GETTING FEEDBACK FROM YOUR GROUP AND FROM
THE CULTURAL ARTS COMMISSION. 
          AND THIS BECAME THE BASIS FOR THE BUSINESS AND OPERATIONS PLAN THAT DUNCAN WILL PRESENT
NEXT. 
          SO HE HAD THIS AS THE RECOMMENDED PROGRAM THAT HE USED TO BASE ALL OF HIS ANALYSIS ON. 
          ESSENTIALLY, WHAT WE DID WAS HEARD FROM YOU THAT AND THE COMMUNITY AND THE CULTURAL ARTS
COMMISSION THAT THE MOST IMPORTANT THING WAS TO HAVE A REALLY GREAT MAIN THEATER SPACE AND TO PRIORITIZE THAT AS A KIND OF KEY COMPONENT IN THE PROGRAM,
THE BUILDING. 
          WE ALSO HEARD THAT THERE WAS A LOT OF EMPHASIS AND DESIRE FOR VISUAL ARTS TO HAVE A
STRONGER PRESENCE IN THE BUILDING. 
          AND AS A RESULT, WE MADE SOME ADJUSTMENTS TO THE PROGRAM TO INCREASE THE SIZE OF THE ARTS
GALLERY, NEARLY DOUBLING FROM WHAT WE HAD SHARED WITH YOU PREVIOUSLY. 
          IT'S NOW 1500FT² IN AREA, AND WE ACCOMPLISHED THAT THROUGH SOME REDUCTIONS IN OTHER
PROGRAM AREAS. 
          MOST SPECIFICALLY, WE REDUCED THE LOBBY SLIGHTLY. 
          WE MADE SOME OFFICE ADJUSTMENTS, NOTHING THAT IMPACTED ANY MAJOR ELEMENTS IN THE PROJECT. 
          AND THEN THE THIRD BIG ADJUSTMENT WAS TO MAKE THE SECOND PERFORMANCE SPACE AS MULTI-USE AS
POSSIBLE, SO IT WILL BE A FLAT FLOOR SPACE. IT WILL BE A SIMPLIFIED VERSION OF A SECOND FLEXIBLE
THEATER SPACE, BUT IT WILL ALSO BE THE KIND OF SPACE THAT IS OPEN AND CAN BE USED BY SOCIAL GROUPS,
BY BUSINESS GROUPS FOR MEETINGS, AND IT'S SUBDIVIDABLE SO THAT IT CAN BE USED FOR CLASSROOM USES,
MULTIPLE CLASSES OCCURRING AT THE SAME TIME TO TRY AND MAXIMIZE THE KIND OF USAGE THAT YOU CAN GET OUT OF THAT SPACE. 
          SOME OF WHAT I'M SHARING WITH YOU IS GOING TO BE A REPEAT OF WHAT YOU SAW LAST TIME. 
          ESSENTIALLY, THE FOCUS OF THE MAIN THEATER IS TO BE 650 SEAT,
WITH A FULL TECHNICAL CAPABILITIES OF HOSTING A BROAD ARRAY OF USES THEATER, DANCE, MUSIC, ORCHESTRA,
MUSICAL THEATER, ETC. 
          BUT ALSO ONE OF THE THINGS THAT WE REALLY WANTED TO FOCUS ON WAS STRATEGIES TO TRY AND
INCREASE THE FLEXIBILITY OF THIS SPACE SO THAT IT CAN BE USED IN A VARIETY OF 
          [01:45:06]
WAYS. AND ONE OF THE STRATEGIES YOU SEE IN THIS DRAWING HERE,
WHICH ARE THE SERIES OF ELEMENTS THAT SORT OF STEP TOWARDS THE MIDDLE OF THE THEATER, RIGHT IN FRONT OF THE STAGE. THOSE ARE SERIES OF PLATFORMS THAT CAN BE RAISED AND LOWERED
TO GIVE YOU MORE FLEXIBILITY ABOUT HOW YOU MIGHT USE THAT AREA OF THE ROOM. 
          SO IT OPENS UP POSSIBILITIES THAT YOU CAN DO DINNER THEATER IN THERE,
OR A KIND OF SHOWCASE WHERE PEOPLE CAN BE SITTING IN A MORE CASUAL ENVIRONMENT AROUND MAYBE A CONTEMPORARY MUSIC SHOWCASE OR SOMETHING OF THAT NATURE OR COMEDY SHOW,
SOMETHING OF THAT NATURE. 
          WE CAN ALSO DO IT IN A WAY THAT IT BECOMES A FLAT FLOOR SPACE,
AND YOU CAN USE IT FOR A SEATED EVENT GALA DINNER WHERE YOU'VE GOT A PRESENTATION ON STAGE OR YOU'RE RECOGNIZING SOMEONE. 
          SO IT'S IN A MORE SORT OF FORMAL SETTING. AND EVEN TO THE EXTENT THAT YOU CAN RAISE THAT
FLOOR AND MAKE IT LEVEL WITH THE ENTIRE STAGE. 
          SO TO INCREASE THE AMOUNT OF SEATING THAT YOU CAN GET ON THAT STAGE. 
          AND ALL OF THIS, OF COURSE, IS FROM THE STANDPOINT OF TRYING TO FIGURE OUT STRATEGIES THAT
WILL ALLOW YOU TO GET THE MOST FLEXIBILITY, GET THE MOST RENTAL INCOME THAT YOU CAN OUT OF THIS USE,
AND REALLY MAKE IT SOMETHING THAT IS DISTINCTIVE FROM ANY OTHER PERFORMING SPACE IN THE REGION. THIS IMAGE SHOULD BE FAMILIAR. WE SHOWED IT TO YOU LAST TIME. 
          THE IDEA IS THAT THIS IS A SPACE WITH A HIGH QUALITY LEVEL OF FINISHES. 
          IT'S GOT VERY ROBUST TECHNICAL CAPABILITIES,
ALL THE LIGHTING, ALL THE SOUND SYSTEMS, PROJECTION SYSTEMS, RIGGING CURTAINS, EVERYTHING YOU WOULD EXPECT TO SEE IN A FULLY FUNCTIONAL THEATER,
BUT A REALLY BEAUTIFUL ROOM. 
          SO IT'S A REALLY ELEGANT SPACE FOR PERFORMANCE AND COMMUNITY USE. 
          THIS SHOWS YOU HOW THE SMALL, FLEXIBLE THEATER SPACE HAS EVOLVED FROM WHAT WE HAD LAST
TIME WE REDUCED THE FOOTPRINT OF THIS. 
          WE REDUCED THE SEATING COUNT FROM 150 PEOPLE TO 120 PEOPLE. 
          WE HAVE CREATED THIS FLEXIBLE DIVIDER THAT ALLOWS THIS SPACE TO BE SUBDIVIDED INTO TWO
SMALLER ROOMS. AND WE'RE ALSO THINKING ABOUT THIS AS A SPACE THAT IS ON AN OUTSIDE WALL. 
          SO IT HAS NATURAL LIGHT COMING INTO IT, A SERIES OF DOORS AND WINDOWS THAT MAY POTENTIALLY
SPILL OUT ONTO A TERRACE OR AN OUTDOOR SPACE. 
          OF COURSE, WE'LL HAVE BLACKOUT CURTAINS AND THINGS THAT CAN ALLOW THOSE TO BE DARKENED.
BUT FOR A VARIETY OF USES, BE THAT SOCIAL USES, MEETINGS, CLASS USES, ETC.,
THAT ACCESS TO NATURAL LIGHT, AND HOPEFULLY THAT DIRECT ACCESS TO THE OUTDOORS IS GOING TO MAKE THAT AN EVEN MORE DESIRABLE AND VALUABLE SPACE FOR PEOPLE TO USE. 
          SO HERE ARE A COUPLE OF EXAMPLES OF AND SPACES THAT REPRESENT KIND OF THE CHARACTER WE'RE
IMAGINING FOR THIS, SOMEPLACE THAT'S STILL GOT THE ABILITY TO HOST PERFORMANCES,
BUT REALLY SIMPLIFY TECHNICAL SYSTEMS DRESS THE NICE QUALITY OF FINISHES, BUT NOT TOO HIGH END IN THIS SPACE BECAUSE IT'S A WORKHORSE THAT'S GOING TO BE USED FOR A
LOT OF DIFFERENT THINGS. 
          BEYOND THAT, WE'VE GOT THE GALLERY SPACE. WE'RE THINKING ABOUT THIS REALLY SET UP AS A
TRULY HIGH LEVEL GALLERY ENVIRONMENT WITH ALL THE CONTROLLED LIGHTING, ALL OF THE SORT OF CONTROLS ON NATURAL LIGHT,
GREAT SETUPS FOR ADJUSTABLE LIGHT, MOVABLE WALLS AND DISPLAY CASES AND THOSE SORTS OF ELEMENTS. SO IT REALLY WORKS AS A HIGH END GALLERY ENVIRONMENT,
TALL CEILINGS, SOMETHING OF THE LEVEL AT OR ABOVE WHAT EXISTS AT THE LEWISVILLE ART CENTER. WE'VE GOT THE OFFICE SPACES FOR THE STAFF THAT RUN THE
FACILITY. 
          WE DON'T HAVE THE EXACT SAME NAMES ON OUR OFFICES AS THE NAMES THAT DUNCAN HAS GENERATED
AS HE DEVELOPED HIS BUSINESS AND OPERATIONS PLAN. 
          BUT WE DO HAVE OFFICE SPACES FOR ALL THE POSITIONS THAT HE'S IDENTIFIED. 
          THE LOBBY IS GOING TO ALSO BE SEEN AS A NICE ENVIRONMENT THAT'S GOING TO CONNECT TO THE
BEAUTIFUL SITE AND THE OUTDOOR EXPERIENCE, AND HOPEFULLY IT WILL ALSO DOUBLE AS A SPACE THAT CAN BE USED FOR EVENTS ON ITS OWN RIGHT. 
          SO YOU COULD HAVE A PRE-PERFORMANCE RECEPTION,
OR YOU COULD HAVE A PRE GALLERY OPENING RECEPTION OR SOMETHING LIKE THAT THAT WOULD INVOLVE THE LOBBY. THE PROGRAM INCLUDES A CATERING KITCHEN TO SUPPORT YOU KNOW,
FOOD SERVICE IN THE BUILDING AND ALLOW THE BUILDING TO KIND OF HOST THIS VARIETY OF USES. AND THIS JUST SHOWS THE IDEA THAT THAT LOBBY ENVIRONMENT WOULD BE SET UP TO HOST A WHOLE VARIETY OF USES IN AND OF ITSELF. 
          HOPEFULLY IT'S GOING TO BE A REALLY BEAUTIFUL SPACE THAT IS UNIQUE AS A PLACE TO DO SOME
CELEBRATORY CELEBRATIONS AND OTHER EVENTS. 
          AND THEN, OF COURSE, ALL THE BACK OF HOUSE STAGE AND PERFORMER SUPPORT THAT'S NEEDED TO
RUN A THEATER. IN THAT FIRST IMAGE, YOU SAW HOW MUCH SQUARE FOOTAGE IS ALLOCATED TO THAT. 
          [01:50:02]
IT'S REALLY, YOU KNOW, EQUAL TO OR MORE THAN THE SQUARE FOOTAGE IN THE THEATER ITSELF. 
          SO THIS IS REALLY A VERY SIGNIFICANT PART OF THE PROGRAM. 
          AND WE DO HAVE DEDICATED DRESSING ROOMS SPECIFICALLY FOR THE SMALLER PERFORMANCE SPACE. 
          SO IT WILL BE SET UP SO THAT YOU'VE GOT ALL THE SUPPORT SPACES TO ALLOW YOU TO HOST
SIMULTANEOUS PERFORMANCES IN BOTH OF THE THEATERS. 
          IF THAT'S IF THERE'S A TIME, WHENEVER THAT WOULD OCCUR. 
          THIS IS A SUMMARY OF THAT PROGRAM. WE'VE ANALYZED IT RELATIVE TO THE BUDGET. 
          AND WE DID A COST ESTIMATE EARLY IN THIS PROCESS. 
          IN OUR COST ESTIMATE, WE ALLOCATED MONEY FOR EACH OF THE DIFFERENT SPACES AT DIFFERENT
LEVELS DEPENDING ON THE LEVEL OF FINISH AND COMPLEXITY AND TECHNICAL, ETC. IT TOTALS A $79.4 MILLION BUDGET. WE, I THINK I PRESENTED LAST TIME. 
          WE FEEL CONFIDENT THAT WE CAN TIGHTEN THIS UP AND REDUCE IT BY 5% TO GET US DOWN TO THE
$75 MILLION BUDGET THAT IS THE TARGET FOR THIS PROJECT, FOR FLOWER MOUND. AND THAT INCLUDES JUST UNDER $6 MILLION FOR SITE DEVELOPMENT,
WHICH WE WORK WITH OUR LANDSCAPE TEAM TO COME UP WITH A PLAN AND ASSIGN COSTS TO THAT, WORK WITH OUR CIVIL TEAM ALSO TO ASSESS WHAT IT'S
GOING TO TAKE IN TERMS OF UNDERGROUND DEVELOPMENT AND UTILITIES AND THOSE SORTS OF THINGS, GRADING AND ALL OF THAT. THIS MAY NOT REPRESENT THE FULLY DEVELOPED SITE THAT YOU
WOULD IDEALLY HAVE. 
          IT'S NOT GOING TO BE LIKE WALKING INTO A GARDEN ON DAY ONE,
BUT EVERY SQUARE FOOT OF THIS SITE WILL BE DEVELOPED AND PLANTED AND WILL HAVE THE ABILITY TO GROW INTO A REALLY BEAUTIFUL ENVIRONMENT. WE'LL CONTINUE THE RIVERWALK WILL CREATE
SPACES FOR OUTDOOR GATHERING. 
          WILL CREATE A SIMPLE PLATFORM FOR OUTDOOR PERFORMANCES. 
          WE'LL HAVE A TERRACE. WE'LL HAVE SPACES FOR OUTDOOR ART TO BE DISPLAYED. 
          WE'LL HAVE SPACES FOR EVENTS TO OCCUR ON SITE,
OUTDOORS AS WELL. 
          AND THAT'S MY SUMMARY OF THE PROGRAM. I'M READY FOR ANY QUESTIONS THAT YOU HAVE. 
          ONE QUICK QUESTION FROM OUR LAST MEETING. ONE OF THE COMMENTS OR FEEDBACK THAT WE RECEIVED
FROM A COUPLE OF FOLKS IN THE AUDIENCE WERE CAUTION AGAINST MAKING THINGS TOO FLEXIBLE BECAUSE THEN YOU SACRIFICE THE QUALITY OR THE ABILITY TO DO SOMETHING IN THAT
SPACE AND DO IT EFFECTIVELY. 
          I NOTICED WE HAVE MORE FLEXIBILITY. I BELIEVE IN THE THEATER. 
          I JUST WANTED TO MAKE SURE THAT BY ADDING THE REMOVABLE SEATS AND GIVING THAT FLEXIBILITY, WE'RE NOT, THAT'S NOT COMING AT THE EXPENSE OR THE SACRIFICE OF THE OVERALL EXPERIENCE FOR
THAT AREA. 
          NO, IT IS NOT COMING AT SACRIFICE TO THE ABILITY OF THAT THEATER TO APPROPRIATELY HOST ALL
THE KINDS OF HIGH LEVEL ARTS AND PERFORMANCES AND MUSIC PERFORMANCES,
ETC. 
          THAT ARE ENVISIONED IN THAT SPACE. I THINK OUR THOUGHT IS TO CREATE AN ENVIRONMENT THAT IS
GOING TO BE REALLY FLEXIBLE FOR ALL THE USERS. 
          WE HAVE NEVER DONE A PERFORMANCE SPACE THAT COMMUNITIES HAVE NOT COME UP WITH SOMETHING
THAT WE NEVER IMAGINED THEM DOING, THAT THEY DO IN THE SPACE, INCLUDING HAVING BIG GALA DINNERS ON THE STAGE AND PUTTING THE
AUDIENCE IN THE YOU KNOW, SEATING ON THE STAGE AND HAVING THE PERFORMANCE IN THE THEATER CHAMBER. 
          SO, YOU KNOW ARTISTS WILL COME UP AND ARTS ORGANIZATIONS WILL COME UP WITH INNOVATIVE WAYS
TO USE ANY SPACE THAT YOU, YOU GIVE THEM. AND I THINK WE'RE JUST TRYING TO GIVE THEM A TOOLKIT TO REALLY ALLOW THEM
TO DO THAT IN THIS ROOM IN ANY WAY THEY MIGHT IMAGINE. 
          GREAT. THANK YOU. ANY OTHER COMMENTS? WELL, I DO LIKE EVEN THOUGH THIS HASN'T BEEN DECIDED
YET, BUT I DO LIKE THE FACT THAT YOU ADDED SOME ELEMENTS IN THAT PRICE,
LIKE THE FLY SPACES. 
          I KNOW I TALKED TO THE COPPELL MAYOR OVER THERE AND I DID A TOUR OVER AT THE COPPELL ARTS
CENTER, AND SOME OF THE THINGS THAT THEY WERE MISSING WAS THAT THE FLY SPACE,
SO IT LIMITED WITHOUT THE FLY SPACE, IT LIMITS YOUR PERFORMERS THAT WILL COME. THEY JUST WON'T COME. 
          RIGHT, RIGHT. THEY DON'T HAVE THAT. THEY NEED TECHNICAL SYSTEMS AND SEATING CAPACITY. 
          THEY DO. AND YOU'RE GOING TO HAVE WELL ABOVE WHAT COPPELL HAS. 
          YEAH. AND THEN THE ORCHESTRA PIT, I LIKE THAT HOW YOU KEPT THAT IN AND THE STAFF OFFICES. 
          I DO KNOW THAT THEY SAID THAT THEY UNDERESTIMATED HOW MANY OFFICE SPACES THEY ACTUALLY
NEEDED. 
          SO YOU MADE SURE THAT YOU MADE THAT AN IMPORTANT FACTOR,
BECAUSE WE DON'T THINK YOU NEED AS MUCH STAFF, BUT YOU ACTUALLY DO TO ALLOW THAT TO HAPPEN. AND THEN THE DRESSING ROOMS TOO. 
          I DO LIKE THAT. AND THE LOADING DOCK, I THINK YOU INCLUDED THE LOADING DOCK AS WELL. 
          SO IT'S GOOD. I DON'T HAVE ANY QUESTIONS REALLY. 
          I LIKE IT. ALL RIGHT. ANYONE ELSE? THANK YOU SO MUCH. 
          [01:55:05]
I KNOW, REALLY, I'M JUST A PRECURSOR TO THE BIGGER QUESTIONS THAT YOU HAD. 
          AND TO ADDRESS THOSE DUNCAN WEBB IS GOING TO COME UP AND TALK TO YOU ABOUT THE OPERATIONS
AND BUSINESS PLAN. 
          I GOT IT. OKAY. HOW DO I RIGHT THERE. MAYOR, MEMBERS OF COUNCIL, THANK YOU FOR INVITING ME TO COME AND PRESENT MY
WORK THIS EVENING. 
          THIS IS MY SECOND TIME WORKING IN FLOWER MOUND. 
          I DID THE ORIGINAL FEASIBILITY STUDY FOR THIS PROJECT SOME SIX YEARS AGO. 
          SO I WAS THRILLED LAST YEAR TO BE INVITED TO JOIN THIS TEAM,
TO UPDATE THAT WORK AND TO HELP YOU MOVE FORWARD WITH THIS PROJECT. 
          THE FIRST PART OF MY UPDATE LOOKED AT THE WHAT'S THE RIGHT THING TO DO? WHO IS THE AUDIENCE? WHO ARE THE USERS? WHAT ARE THE EXISTING FACILITIES THAT ARE HERE? AND HOW DO YOU COMPETE WITH THOSE FACILITIES FOR AUDIENCES AND PROGRAMS? AND THEN WHY IN A BROADER SENSE, IS THIS THE RIGHT PROJECT FOR YOUR COMMUNITY? WHAT DO YOU WANT IT TO DO FOR FLOWER MOUND AROUND THE BROADER GOALS AND VISION THAT YOU
HAVE FOR THE FUTURE? SO WE ASKED AND ANSWERED THOSE QUESTIONS, AND THOSE CONCLUSIONS AND RECOMMENDATIONS BECAME
THE WORK THAT MICHAEL HAS JUST PRESENTED. 
          THOSE ARE THE PIECES THAT CAME OUT OF OUR ANALYSIS. 
          TONIGHT I'M GOING TO BE PRESENTING THE SECOND PART OF THAT,
WHICH IS THE BUSINESS PLAN. 
          HOW DO YOU PROGRAM IT? HOW DO YOU OPERATE IT? AND MOST IMPORTANTLY, HOW DO YOU FINANCIALLY SUSTAIN THESE FACILITIES? BEFORE I DO THAT, I JUST WANT TO CALL OUT THE STAFF TEAM THAT WORKED ON THIS PROJECT WITH
US. 
          JAMES AND BRIAN, JP, TISH, CHUCK TRAVIS, A REALLY AMAZING GROUP THAT WAS SO ENGAGED EVERY
STEP OF THE WAY THROUGH THIS PROCESS WITH US. THEY WERE REALLY CURIOUS. 
          THEY WANTED TO KNOW EVERYTHING THEY COULD KNOW ABOUT HOW THESE BUILDINGS ARE DEVELOPED AND
WHAT THEY'RE GETTING INTO PHYSICALLY, OPERATIONALLY, AND FINANCIALLY. AND I THINK THAT YOU WILL BENEFIT FROM THEIR CURIOSITY AND
THE WORK THAT WE'VE DONE SO FAR. 
          SO WE ALSO ENGAGED A LOT WITH THE THE ARTS COMMUNITY AND OTHER KEY STAKEHOLDERS ALONG THE
WAY. 
          AND TO GET STARTED WITH THE BUSINESS PLANNING,
WE INVITED A BUNCH OF USERS TO COME TOGETHER AND ADVISE US ON HOW THE BUILDING SHOULD BE PROGRAMED AND OPERATING TO SERVE THEM. SO THIS IS JUST AN EXAMPLE OF A GOOD SET OF SOME OF
THE PERFORMING ARTS GROUPS THAT CAME TOGETHER THAT TALKED ABOUT WHAT THEY NEED. 
          THEY NEED TO BOOK DATES 12 TO 18 MONTHS IN ADVANCE. 
          THEY'RE CONCERNED ABOUT COST OF ACCESS AND RENTAL RATES. 
          THEY NEED TO MAKE SURE THAT WE CAN CAN SERVE THEM IN CURRENT YEARS AND LOOKING OUT INTO
THE FUTURE. 
          THEY REALLY WANT TO SEE A MANAGER WHO UNDERSTANDS THE ARTS AND ARTISTS AND CAN WORK WITH
THEM. 
          THEY LIKE THE IDEA OF HAVING A FACILITY BASED TICKETING SYSTEM FOR BUYING EVENTS TO
TICKETS AND EXHIBITIONS. 
          AND IT'S ALSO IMPORTANT TO HAVE GOOD FOOD AND BEVERAGE OPPORTUNITIES AND OPTIONS WITHIN
THE BUILDING. 
          WE WOULD ENDORSE THE PLAN TO HAVE THIS VENUE OPERATED BY YOUR PARKS AND REC DEPARTMENT. 
          IT'S SOMETHING THAT WE'VE SEEN WORK WITH A NUMBER OF OTHER CLIENTS OVER THE YEARS. 
          AND HERE IT MAKES PARTICULAR SENSE BECAUSE YOU CAN EXPAND EXISTING PARKS AND REC PROGRAM
INTO THE VENUE. 
          THEY CAN BRING THEIR EDUCATIONAL PROGRAMS INTO THIS VENUE TO INCREASE THE UTILIZATION OF
SPACES. 
          YOU HAVE THE ABILITY TO DO COMMUNITY WIDE EVENTS LIKE THE ARTS FESTIVAL IN THIS VENUE. 
          YOU CAN PROMOTE EVENTS AND PROGRAMS USING ALL THE VARIOUS MARKETING CHANNELS THAT YOU HAVE
THROUGH PARKS AND REC. 
          AND THEN THERE'S THE ABILITY TO SHARE SERVICES,
HUMAN RESOURCES, AND OTHERS ACROSS VENUES, WHETHER IT'S ABOUT SITE MAINTENANCE, EVENT CLEANING,
SECURITY, AND FINANCE. 
          I WAS ALSO THRILLED TO SPEND TIME WITH REPRESENTATIVES OF THE FLOWER MOUND ARTS LEAGUE AS
A PART OF THIS PROCESS, AND I'M REALLY PLEASED THAT THIS SORT OF PRIVATE SECTOR PARTNER HAS EMERGED AND IS
PREPARING TO PLAY A ROLE IN SUPPORTING THE DEVELOPMENT AND OPERATION OF THIS ART CENTER. IT'S A REALLY CRITICAL STEP FOR A PROJECT LIKE THIS TO HAVE A PRIVATE SECTOR
PARTNER, AND WE SEE THEM PLAYING A REALLY IMPORTANT ROLE IN HELPING TO SEEK OUT PRIVATE SECTOR
PHILANTHROPY, BOTH FOR THE CAPITAL AND FOR THE ONGOING SUSTAINABILITY OF THE BUILDING. 
          THEY CAN FUND SPECIFIC PROGRAMS AND EVENTS. THEY CAN REALLY WORK ON THIS IDEA OF THE ART
CENTER BEING A HUB FOR ARTISTS AND ARTS ORGANIZATIONS, AND THEY CAN RUN A VOLUNTEER PROGRAM THAT SUPPORTS ART CENTER OPERATIONS. 
          [02:00:02]
SO ON THE BASIS OF ALL OF THAT INPUT, WE'VE SET SOME OPERATING GOALS. 
          IMPORTANTLY, PROVIDE AFFORDABLE ACCESS TO GOOD SPACES FOR LOCAL ARTISTS AND ARTS
ORGANIZATIONS, ATTRACT GREAT TOURING PROGRAMS THAT WILL COME TO THIS VENUE TO ENHANCE THE QUALITY OF LIFE
AND TO ATTRACT PEOPLE TO WHERE THE VENUE IS LOCATED. 
          THREE TO CONTRIBUTE TO THE VIBRANCY AND VITALITY OF THE RIVERWALK DISTRICT. 
          AND THAT REALLY IS A MAJOR PART OF THIS PROJECT,
IS THIS ECONOMIC DEVELOPMENT OPPORTUNITY AROUND THIS PROJECT. 
          AND THEN FINALLY, TO REALLY THE WAY THAT THE ARTS LEAGUE IS TRYING TO APPROACH THIS,
TO REALLY STRENGTHEN THE ARTS COMMUNITY, TO MAKE A MORE UNIFIED COMMUNITY OF ARTISTS AND ARTS ORGANIZATIONS AND CREATORS IN FLOWER
MOUND. 
          PROGRAMING IS THE MOST IMPORTANT PART OF THESE BUILDINGS. 
          IT'S HOW DO THEY COME TO LIFE ON A DAY TO DAY BASIS? AND IT'S ALSO THE RISKIEST PART OF THIS THAT THAT YOU REALLY NEED TO BE CAREFUL AND
INCREMENTAL AND INTENTIONAL ABOUT THE CHOICES THAT YOU MAKE AND HOW YOU BRING THE BUILDING TO LIFE. SO WE ARE ENCOURAGING YOU TO THINK ABOUT STARTING SLOWLY AND
CAREFULLY AND SUPPORTING LOCAL ARTISTS AND ARTS ORGANIZATIONS GIVING THEM QUALITY, AFFORDABLE SPACE FOR PERFORMANCE REHEARSAL AND TEACHING. 
          THEN YOU NEED TO RECRUIT PRESENTING PARTNERS. 
          PRESENTING IS PROBABLY THE RISKIEST PART OF RUNNING ONE OF THESE BUILDINGS. 
          THAT'S WHEN YOU BOOK A TOURING ARTISTS, YOU PAY THEIR FEE TO COME,
YOU PAY TO PROMOTE THE EVENT, AND YOU HOPE THAT THE BOX OFFICE MONEY THAT YOU COLLECT EXCEEDS THE MONEY THAT YOU PUT
OUT. 
          LOTS OF PEOPLE HAVE LOST LOTS OF MONEY DOING THIS. 
          SO AGAIN, IT'S SOMETHING TO BE APPROACHED VERY CAREFULLY. 
          AND WE'RE ENCOURAGING YOU TO THINK OF THE IDEA OF STARTING WITH PARTNERSHIPS. 
          THERE ARE EXISTING PROMOTERS AND PRESENTERS IN THE REGION WHO YOU MIGHT GAIN GET TO HELP
YOU GET STARTED IN THIS BUILDING AND DEVELOP YOUR PRESENTING STRATEGY. 
          SAME THING WITH EDUCATION. THERE ARE VERY STRONG ARTS EDUCATION PROGRAMS IN THE COMMUNITY
NOW, LIKE THE ROJAS SCHOOL OF MUSIC AND BRING THEM IN TO DEVELOP EDUCATION PROGRAMS,
PARTNERING WITH THEM. 
          AND THEN FINALLY SUPPORT COMMERCIAL RENTALS,
THAT'S THE MARKET RATE RENTALS THAT WILL HELP IMPROVE THE SUSTAINABILITY OF THE BUILDING. 
          A FEW THINGS ABOUT THE GENERAL OPERATION OF THE BUILDING PRESENTING,
AS I SAID, IS RISKY, BUT YOU ALSO YOU NEED TO GIVE A MANAGER THE FINANCIAL AUTHORITY TO MAKE THE TRANSACTIONS
NECESSARY TO BOOK THOSE ARTISTS AND PAY TO PROMOTE SCHEDULING AND ACCESS IS COMPLICATED. YOU HAVE AN ACTIVE NET AS A TOWN WIDE SOFTWARE
PLATFORM. 
          NOW, THAT MIGHT THEORETICALLY BE A GOOD OPTION TO HELP SCHEDULE THIS BUILDING. 
          RENTAL RATES AND USER FEES, WHICH ARE THE OTHER CHARGES TO RENTERS NEED TO BE SCALED TO
FAVOR LOCAL ORGANIZATIONS AND NONPROFITS. 
          EVENT TICKETING. WE WOULD ENCOURAGE YOU TO CONSIDER AN RFP PROCESS TO FIND A TICKETING
PLATFORM THAT SUITS YOUR COMMUNITY, THAT ALSO HAS A VERY ROBUST DATA GATHERING MODULE SO THAT YOU CAN USE ALL OF THAT GOOD
INFORMATION TO SUPPORT THE MARKETING OF EVENTS THAT ARE PRESENTED, BUT ALSO THE MARKETING OF EVENTS THAT ARE RENTALS. 
          FOR FOOD AND BEVERAGE OPERATIONS SAME THING. YOU'VE GOT LOTS OF GOOD FOOD AND BEVERAGE
PROVIDERS IN FLOWER MOUND, SO USE AN RFP PROCESS TO SEE IF YOU CAN RECRUIT COMPANIES TO HELP YOU WITH CONCESSIONS,
CATERING, AND MAYBE EVEN A DAYTIME CAFÉ IN THE BUILDING. 
          WITH VOLUNTEERS, YOU'VE REALLY GOT TWO OPTIONS. 
          YOU'VE GOT VOLUNTEER CORPS WITHIN PARKS AND REC,
AND THE ARTS LEAGUE IS TALKING ABOUT A VOLUNTEER CORPS. 
          YOU COULD DO EITHER OR YOU COULD END UP DOING BOTH OF THOSE. 
          BUT IT'S REALLY IMPORTANT TO BUILD THAT THAT TEAM OF VOLUNTEERS,
IT'S NOT SO MUCH BECAUSE THEY REDUCE LABOR COSTS. 
          YOU REALLY DO IT BECAUSE THOSE VOLUNTEERS ARE REALLY EFFECTIVE MARKETERS OF THE BUILDING. 
          THEY ARE OUT THERE TALKING ABOUT THE GREAT SHOW THAT THEY SAW THE OTHER NIGHT AND TALKING
TO THEIR NEIGHBORS, AND REALLY SORT OF TALKING UP THE ARTS CENTER IS A GREAT THING IN FLOWER MOUND. 
          AND THEN FINALLY, IT'LL BE VERY IMPORTANT TO INVEST IN SAFETY AND SECURITY SYSTEMS AND
TRAINING BOTH FOR STAFF AND FOR ALL VOLUNTEERS. 
          ALSO VERY IMPORTANT TO TALK ABOUT THE UNIQUE ELEMENTS OF OPERATION OF A GALLERY AND THE
GALLERY HERE IS GOING TO HAVE A NUMBER OF IMPORTANT FUNCTIONS. 
          ONE WE WANT IT TO SUPPORT THE WORK OF LOCAL ARTISTS,
THAT THEY GET A PLACE THEY CAN ASPIRE TO HAVE THEIR WORK SHOWN IN THIS GALLERY. 
          SECONDLY, YOU WANT IT TO BE CONNECTED TO EDUCATION PROGRAMS IN THE BUILDING. 
          SO KIDS THAT ARE LEARNING, TAKING A CLASS MIGHT ULTIMATELY SEE THEIR WORK UP IN THE WALLS
OF THE GALLERY. 
          THE GALLERY CAN ALSO CURATE TOURING EXHIBITIONS. 
          SO IN THE SAME WAY, ON THE THEATER SIDE, YOU'RE BOOKING TOURING ARTISTS. 
          IN THE GALLERY. YOU CAN BOOK TOURING EXHIBITIONS,
BUT YOU NEED SOMEBODY WHO KNOWS HOW TO FIND THEM AND WHAT TO PAY AND HOW TO MARKET THOSE 
          [02:05:08]
EVENTS. GALLERIES ARE OFTEN IMPORTANT FOR THE MEETING AND EVENT PART OF THE BUSINESS. 
          THEY ARE SORT OF, WELL, SORT OF PRIZED VENUES FOR A RANGE OF DIFFERENT TYPES OF EVENTS. 
          AND REALLY THE THING THAT MATTERS A LOT TO VISUAL ARTISTS,
AND THEIR WORK IS TO MAKE SURE THAT IN A SPACE LIKE THIS, YOU HAVE GOOD SECURITY FOR THE WORK AND STRONG ENVIRONMENTAL CONTROLS,
THAT THE WORK IS PROTECTED AND SAFE IN THE SPACE. 
          SO WE'VE BUILT AN ORG CHART FOR THE BUILDING. 
          THERE ARE FOUR DIFFERENT COLORS BECAUSE THERE'S FOUR DIFFERENT TYPES OF STAFF. 
          THERE ARE SIX PURPLE FULL TIME STAFF. THERE ARE A COUPLE OF ORANGE PART TIME STAFF THAT
MEANS 20 HOURS A WEEK PEOPLE. 
          THE BLUE BOXES MEAN THOSE ARE EVENT BASED, SO THEY ARE EACH TIME THERE'S A PERFORMANCE,
THERE IS A FOUR HOUR CALL FOR PRODUCTION STAFF, AND THEN THE GREEN ONES ARE A COUPLE OF SHARED STAFF THAT CAN MOVE ACROSS MULTIPLE PARKS
AND REC FACILITIES. 
          FINANCE AND THE CURATOR WE THINK COULD BE AS A SHARED POSITION BECAUSE ESSENTIALLY THAT
FUNCTION COULD BE WORKING IN OTHER FLOWER MOUND VENUES AS WELL AS THE ART CENTER. THE BIG PART OF OUR WORK IS THIS PRO FORMA OPERATING BUDGET,
WHICH THE THEORY IS IF YOU IF WE CAN REALLY HAVE A GOOD SENSE OF PROGRAMING AND ACTIVITY THAT WILL LEAD US TO STRONG EARNED
REVENUE PROJECTIONS THAT LEAD US INTO OPERATING EXPENSES. AND THEN WE COME BACK TO THE QUESTION OF CONTRIBUTED INCOME,
BECAUSE AS YOU REMEMBER, THESE BUILDINGS ARE ALWAYS SUSTAINED BY A BALANCE OF EARNED INCOME AND CONTRIBUTED INCOME, EARNED RENTAL TICKET FEES, FOOD AND BEVERAGE CONTRIBUTED GRANTS,
DONATIONS, SPECIAL EVENTS, ENDOWMENT, AND SO ON. SO WE START WITH ACTIVITY,
MOVE TO EARN REVENUE, THEN TO OPERATING EXPENSES, AND THEN LOOK AT THAT GAP AND THINK ABOUT CONTRIBUTED INCOME. 
          SO WE'VE BENCHMARKED ALL OF THESE RENTAL RATES AND COSTS AND STAFFING AGAINST OTHER
REGIONAL FACILITIES. 
          SO WE FEEL THAT THESE ARE FAIR RENTAL RATES AND COSTS. 
          AND WHAT I'M HOPING IS THAT BY THE TIME WE FINISH,
I WILL HAVE TAUGHT THE THE TOWN TEAM HOW TO MANIPULATE THIS EXCEL BASED PRO FORMA SO THAT THEY CAN CONTINUE TO MAKE ADJUSTMENTS TO IT AS THE PROJECT ADVANCES. 
          SO IF, FOR EXAMPLE, YOU DECIDE THAT YOU WANT TO INCREASE THE SEATING CAPACITY BY 100
SEATS, WE CAN PLUG THAT INTO THE MODEL AND SEE WHAT IT DOES. 
          SO THIS IS A SUMMARY OF ACTIVITY ACROSS OUR FOUR SPACES,
THE MAIN STAGE, THE FLEXIBLE STUDIO OUTDOORS. 
          AND I'M ALSO SORT OF SHOWING DIFFERENT TYPES OF ACTIVITY IN THE GALLERY. 
          I'M TRYING TO BE FAIRLY CONSERVATIVE IN THESE ACTIVITY ESTIMATES. 
          YOU KNOW, THERE ARE GROUPS THAT SAID, OH, WE'LL BE THERE 30 DAYS A YEAR,
BUT WE'VE HAD TO LOOK AT, YOU KNOW, WHERE ARE YOU NOW AND HOW MUCH RENT ARE YOU LIKELY TO BE ABLE TO PAY AND TO
REALLY TRY AND HAVE DEFENDABLE LEVELS OF ACTIVITY PROJECTED IN ALL THESE SPACES? YOU'LL ALSO SEE HOW THAT ACTIVITY GROWS FROM YEAR ONE THROUGH YEAR FIVE IN ALL OF THOSE
SPACES. 
          JUST TO GIVE YOU A STRONGER SENSE IN IN YEAR ONE SO THIS LOOKS AT THE DIFFERENT TYPES OF
ACTIVITY. 
          SO THE PRESENTED EVENTS, WHICH IS ALSO THE TOURING EXHIBITION DAYS AND THE GALLERY,
NONPROFIT RENTALS, COMMERCIAL RENTALS, EDUCATION PROGRAMS DEVELOPED WITH PARTNERS. 
          AND THEN I'VE ALSO PUT IN A CATEGORY CALLED TOWN PROGRAMS AND EVENTS. 
          WHEN YOU'RE DOING THINGS THERE AND YOU'RE NOT BEING CHARGED RENT TO USE YOUR OWN BUILDING. 
          SO IN THE MAIN STAGE, THE FLEXIBLE STUDIO, THE OUTDOORS,
IN THE GALLERY, ALL OF THOSE SPACES HAVE A SORT OF HEALTHY MIX OF THOSE DIFFERENT TYPES OF ACTIVITY, SOME GENERATING MORE EARNED REVENUE THAN OTHERS. 
          SO HERE IS THE SUMMARY OF THE BUDGET ITSELF. SO IN YEAR ONE,
THE ANNUAL COST TO OPERATE THIS VENUE IS A LITTLE UNDER 2.5 MILLION BUCKS. THESE ARE EXPENSIVE BUILDINGS TO OPERATE. 
          AND YOU CAN SEE A LOT OF THAT IS STAFF THAT ABOUT 1.5 MILLION OF THAT IS THE COST OF
PERSONNEL ASSOCIATED WITH RUNNING THE BUILDING, THEN TICKETING, THEN THE COSTS OF OF MARKETING,
ADMINISTRATION, AND THE CORE OCCUPANCY COSTS. 
          SO HOW DO YOU THEN SUSTAIN THAT? WE'RE SAYING THAT IN YEAR ONE,
YOU SHOULD BE ABLE TO GENERATE ABOUT 1.3 MILLION IN EARNED REVENUE, TICKET SALES, RENTAL INCOME AND SO ON. AND THAT THEN THEN WE HAVE THAT GAP TO DEAL WITH. 
          SO THE FIRST THING WE'VE DONE IS SO FOR A BUILDING LIKE THIS IN TEXAS,
IN A COMMUNITY LIKE THIS, WHAT IS THE REASONABLE CONTRIBUTED INCOME GOAL? AND HERE WE'VE PROJECTED SOME GOVERNMENT GRANTS IN THIS CASE NOT YOU KNOW,
THIS IS REALLY STATE TEXAS STATE TYPE SUPPORT EVENT SPONSORSHIPS. 
          [02:10:04]
THERE ARE OFTEN GRANTS THAT ARE SPECIFIC TO EDUCATION PROGRAMS AND THEN GENERAL PRIVATE
SECTOR GRANTS AND DONATIONS. 
          SO WE FEEL THAT IN YEAR ONE THAT ABOUT 520 GRAND IS A REASONABLE TARGET. 
          NOW IT'S TOO EARLY TO COMMIT AN OUTSIDE FUNDRAISING PARTNER TO THAT. 
          BUT THE IDEA IS THAT YOU CONTINUE YOUR DISCUSSIONS WITH THE FLOWER MOUND ART LEAGUE AS THE
PRIVATE SECTOR PARTNER THAT PURSUES THOSE FUNDS ON YOUR BEHALF. 
          THAT'S A BIG PART OF THEIR MISSION AND MANDATE AS AN ORGANIZATION TO DO THAT. 
          AGAIN THEY'VE ONLY THEY'VE JUST GOT THEIR ARTICLES OF INCORPORATION. 
          IT WOULD BE UNFAIR TO KIND OF FORCE THEM TO COMMIT TO A NUMBER TODAY. 
          BUT I THINK THIS IS A BEGINNING OF A DISCUSSION THAT YOU WILL HAVE WITH THEM IN THE COMING
MONTHS ABOUT REASONABLY, HOW MUCH CAN THEY OR ANOTHER PRIVATE SECTOR PARTNER HOPE TO EARN ON YOUR BEHALF? AND THAT THEN LEAVES THE BOTTOM LINE, THAT RESULT OF OPERATIONS,
WHICH IN YEAR ONE IS A LITTLE OVER 600 GRAND AND DROPS TO 500 GRAND BY YEAR FIVE, THAT'S THE AMOUNT THAT YOU AS THE TOWN THAT'S WHAT YOU'RE ON THE HOOK FOR. 
          THAT'S YOUR PIECE OF THE ANNUAL FUNDING REQUIREMENT. 
          SO YOU SEE, IT STARTS AT ABOUT 54% EARNED IN YEAR ONE,
AND IT GETS TO ABOUT 59% BY YEAR FIVE, WHICH I THINK IS A REASONABLE TARGET. SO LET ME SAY A BIT MORE ABOUT CONTRIBUTED INCOME. 
          WE DID ANOTHER PIECE OF WORK IN BETWEEN THE NEEDS ASSESSMENT AND THE BUSINESS PLAN,
WHICH WAS SOME RESEARCH ON ANNUAL FUNDING SOURCES FOR A PROJECT LIKE THIS. 
          AND WE DELIVERED A REPORT TO THE TEAM ON THAT. 
          THERE ARE SOME STATE FUNDING PROGRAMS, FUNDING SOURCES FOR SPECIFIC PROGRAMS. THERE IS SOME NATIONAL FUNDING BUT NOT MUCH. AND WE'VE BEEN PRETTY CONSERVATIVE ABOUT
THAT. 
          THERE ARE REGIONAL FOUNDATIONS THAT SUPPORT CULTURAL DEVELOPMENT AND THERE ARE NAMING
RIGHTS OPPORTUNITIES. 
          SO A GENERATION AGO, NAMING RIGHTS WAS ONE CHECK FOR IN PERPETUITY OR FOR MANY YEARS. 
          THESE DAYS, NAMING RIGHTS ARE TYPICALLY 5 TO 10 YEAR DEALS WITH AN ANNUAL PAYMENT. 
          SO BACK IN THE DAY, NAMING RIGHTS USED TO PAY FOR CAPITAL. 
          THESE DAYS, NAMING RIGHTS GENERALLY SUPPORT THE OPERATING BUDGET. 
          SO WE THINK THAT'S PART OF WHAT YOU CAN PLUG INTO THAT ANNUAL CONTRIBUTED INCOME
REQUIREMENT. 
          JUST SO YOU KNOW WE BELIEVE THAT THESE PRO FORMA PROJECTIONS ARE INFORMED BY THE
EXPERIENCE OF OTHER BUILDINGS TODAY. 
          THIS IS JUST A SET OF SEVEN OTHER BUILDINGS THAT WE WERE LOOKING CLOSELY AT TO THINK ABOUT
HOW THEY'RE PROGRAMED AND OPERATED. 
          AND IF YOU JUST GO TO THE VERY BOTTOM LINE GOING ACROSS THE BOTTOM,
YOU SEE THAT EARNED REVENUE TO OPERATING EXPENSE NUMBER GOES FROM 36% IN LIVERMORE IN THE RESEARCH CENTER IN BEAVERTON,
UP TO 63% IN PARKER 57% IN FEDERAL WAY. 
          SO IT KIND OF RANGES IN THERE. WE THINK THAT THAT YOU'RE MUCH MORE LIKELY TO BE ABLE TO
SHOOT FOR THOSE HIGHER LEVELS THAN THE LOWER ONES, GIVEN THE NATURE OF THIS BUILDING, YOU KNOW,
THE RESOURCE CENTER, FOR EXAMPLE THEIR, 80% OF THEIR PROGRAMING IS SUPPORTING LOCAL PORTLAND BASED NONPROFIT ARTS ORGANIZATIONS WITH MINIMAL SORT OF FINANCIAL CAPACITY TO PAY
RENT. 
          SO THEY'RE MUCH MORE AT THE LOWER END OF THAT. 
          AND I THINK YOU CAN SHOOT TOWARDS THE HIGHER END OF THAT RANGE. 
          SO THE NEXT STEP WAS PROJECTING THE ECONOMIC IMPACT OF THIS. 
          SO WE DID THIS VERY TRADITIONAL QUANTITATIVE ANALYSIS THAT SAID THAT PROJECTED THE IMPACT
OF CONSTRUCTION, BUT THEN PROJECTED THE IMPACT OF THIS NEW OPERATION,
SPENDING MONEY EVERY YEAR AND THE IMPACT OF AUDIENCES COMING AND SPENDING MONEY. 
          SO AND THESE TRADITIONAL ECONOMIC IMPACT STUDIES ARE VERY STRICT ABOUT WHOSE MONEY YOU CAN
COUNT. 
          REALLY, YOU CAN'T COUNT ANYBODY COMING FROM WITHIN DENTON COUNTY TO THIS,
BECAUSE THAT'S JUST A SUBSTITUTION EFFECT IN DENTON COUNTY. 
          SO THIS IS JUST PEOPLE COMING FROM OUTSIDE THE COUNTY TO THIS LOCATION,
SPENDING MONEY THAT WOULDN'T OTHERWISE HAVE BEEN SPENT IN AND AROUND FLOWER MOUND. 
          BUT ON AN OPERATING BASIS, IT'S BASICALLY SAYING ABOUT $3.6 MILLION IN NEW ECONOMIC
ACTIVITY, $830,000 IN NEW EARNINGS AND 15 NEW JOBS CREATED IN ADDITION TO THE PEOPLE WORKING IN THE
BUILDING ITSELF. 
          I THINK MORE IMPORTANT ARE THE STORIES THAT HAVE COME FROM OTHER COMMUNITIES THAT HAVE HAD
SIMILAR GOALS THAT YOU'VE HAD. 
          SO JUST COLLECTED A FEW STORIES HERE. THESE ARE ALL PROJECTS THAT I WORKED ON AT VARIOUS
TIMES. 
          WHY THEY WERE ABLE TO ACHIEVE ECONOMIC DEVELOPMENT GOALS WITH A PROJECT LIKE THIS. 
          SO THE SANDLER CENTER IN VIRGINIA BEACH 20 YEARS AGO HAD NO DOWNTOWN,
IT HAD A BEACH AND THAT WAS IT. 
          [02:15:07]
AND THEY EMBARKED ON A SIX PHASE DEVELOPMENT PROJECT THAT ADDED 5,000,000FT² OF COMMERCIAL
RESIDENTIAL RETAIL SPACE. 
          THE PERFORMING ARTS CENTER WAS IN THE THIRD OF SIX OF THOSE PHASES. 
          A 200 MILLION FROM THE CITY LEVERAGED ABOUT 500 MILLION FROM PRIVATE DEVELOPERS TO DRIVE
THAT PROJECT, WHICH HAS ATTRACTED NEW BUSINESSES, NEW TAX REVENUE,
ENHANCED QUALITY OF LIFE AND CREATED NEW PEDESTRIAN FRIENDLY LIVING. 
          THE PARKER ARTS CULTURE AND EVENTS CENTER, WHICH IS JUST SOUTH OF DENVER,
50,000 SQUARE FOOT BUILDING WITH A 534 SEAT HALL THAT OPENED IN 2011. THEY SAID THEY'RE GETTING ABOUT 160,000 VISITORS TO THAT BUILDING. 
          4 MILLION BEING SPENT IN LOCAL BUSINESSES. AND THEY PROJECT THEIR ANNUAL ECONOMIC IMPACT
AT 17 MILLION ON THE LOCAL ECONOMY. 
          I DON'T THINK THEY'RE QUITE AS RIGOROUS AS WE ARE ABOUT WHOSE MONEY GETS COUNTED THERE. 
          BUT AND THEN FEDERAL WAY, WHICH IS THE NEWEST OF THE THREE THAT THE BUILDING OPENED IN
2017, 44,000FT² WITH A 711 SEAT HALL. THIS IS PHASE ONE IN THEIR TOWN CENTER DEVELOPMENT,
AND IT HAS ALREADY LEVERAGED ABOUT 150 MILLION IN NEW CONSTRUCTION, NEW HOTEL, HOUSING,
RETAIL, RESTAURANT AND COMMERCIAL. 
          AND IT IS PART OF A LARGER EFFORT TO BECOME A REGIONAL DESTINATION. 
          FEDERAL WAY IS JUST SOUTH OF SEATTLE. SO SIMILAR SORT OF EDGE CITY PROJECT,
TRY AND CREATE KIND OF AN URBAN CORE WITH ART CENTER AS AN ANCHOR. SO MY FINAL SLIDE IS TO SAY I WOULD URGE YOU TO CONTINUE WORKING
ON PARTNERSHIPS, REALLY THE STRENGTH OF THIS PARTNERSHIP,
THIS PROJECT, IT'S ALL ABOUT PARTNERSHIPS. 
          IT'S WORKING WITH LOCAL ARTISTS AND LOCAL ARTS ORGANIZATIONS,
TICKETING PROVIDERS, FOOD AND BEVERAGE PROVIDERS, EVENT PROMOTERS COMMERCIAL COMPANIES, ALL OF WHOM CAN HELP YOU MITIGATE RISK AND SORT OF MAXIMIZE THE RETURN ON YOUR INVESTMENT IN THE BUILDING. 
          THERE'S A LOT OF WORK TO BE DONE AS THE ART LEAGUE GETS ON ITS FEET AND STARTS MOVING
FORWARD AND WORKING WITH THEM TO ESTABLISH WHAT ROLE THEY CAN AND SHOULD PLAY IN SUPPORTING THE PRIVATE SECTOR OF PHILANTHROPY PART OF SUSTAINING THE BUILDING. 
          AND THEN I WOULD ALSO ENCOURAGE YOU TO MAINTAIN THIS SORT OF HIGH LEVEL OF ENGAGEMENT WITH
THE ARTS COMMUNITY. 
          THEY'VE BEEN VERY HELPFUL AND VOCAL WITH US AND HAVE HELPED US COME UP WITH A STRONG
CONCEPT THAT I BELIEVE SERVES YOUR GOALS. 
          THANK YOU. WITH THAT, I'LL TAKE YOUR COMMENTS AND QUESTIONS. OKAY. 
          DOES ANYONE WANT TO START? SURE. CAN YOU GO BACK TO THE BENCHMARKS,
THE MATRIX WITH THE DIFFERENT CITIES ON IT? YEP. SO I'M A LITTLE WORRIED THAT THIS IS TOO OPTIMISTIC. 
          WHY DIDN'T WE INCLUDE ANY OF OUR LOCAL ART CENTERS IN NEARBY COMMUNITIES LIKE COPPELL,
LEWISVILLE, FOR EXAMPLE? YEAH, THEY'RE COPPELL IS SMALLER. 
          IT'S SIGNIFICANTLY SMALLER. AND I THINK YOU'VE ALREADY TALKED TO THEM AND KNOWN THEM. 
          I WANTED TO BRING PROJECTS THAT I FELT WERE NEW INFORMATION FROM A WAY. 
          SO I DON'T THINK EITHER LEWISVILLE OR IRVING ARE PARTICULARLY RELEVANT. 
          DO WE KNOW WHAT THE SURPLUS OR DEFICIT IS, AND DO WE KNOW WHAT KIND OF REVENUE THOSE
COMPARABLE THOSE NEARBY ONES ARE GENERATING? IT'S HARD FOR ME TO IMAGINE THAT WE'RE GOING TO BE TOTALLY DIFFERENT THAN WHAT IRVING IS
DOING, COPPELL IS DOING. BUT HOW MUCH DEFICIT ARE THOSE CITIES RUNNING? SO I DON'T. WELL, I CAN'T GIVE YOU THE NUMBER OFF THE TOP OF MY HEAD. 
          I'M MORE THAN HAPPY TO PROVIDE THAT. BUT AGAIN,
IT'S NOT DEFICIT VERSUS SURPLUS. 
          IT'S WHAT'S THE BALANCE OF EARNED AND CONTRIBUTED INCOME THAT BALANCES THE BUDGET. 
          WELL, I LOOK AT THIS IN LIVERMORE SEEMS LIKE A VERY COMPARABLE CITY TO ME TO FLOWER MOUND
JUST IN TERMS OF SIZE AND POPULATION AND YOU KNOW, SORT OF ECONOMIC SITUATION. AND I'M WORRIED THAT,
YOU KNOW, WE MIGHT BE NOT ESTIMATING ENOUGH OF A DEFICIT. 
          BUT ANOTHER QUESTION I HAVE IS HOW ARE THESE OTHER NEARBY THE ONES IN TEXAS,
HOW ARE THEY? ARE THEY USING HOT TAX TO MAKE UP THIS SHORTFALL? IS THAT AN OPTION FOR US? YES. SOME. 
          YEAH. YEAH. SO I DON'T KNOW IF THEY ARE. DO YOU KNOW JAMES WHAT THEY'RE USING. 
          I KNOW THEY'RE USING THEIR HOT TAXES FOR THAT. SO FOR COPPELL I'M NOT I'M NOT AS FAMILIAR
WITH COPPELL, BUT OBVIOUSLY I'M FAMILIAR WITH IRVING FROM MY TIME THERE. 
          AND OBVIOUSLY IRVING'S NOT COMPARABLE TO THE TOWN AS FAR AS THEY HAVE A ROBUST HOTEL
OCCUPANCY TAX, 
          [02:20:01]
AND IT DOES FUND THE ARTS DEPARTMENT IN IRVING TO A CONSIDERABLE AMOUNT. 
          I MEAN, AT THIS POINT WE ONLY HAVE TWO OPERATING HOTELS AT THE MOMENT. 
          SO WE DON'T HAVE A ROBUST HIGH TAX COMING IN,
AS WE TALKED ABOUT BEFORE. 
          ONE OF THE THINGS THAT WE ARE EXPLORING IS WE PROCEED WITH THIS PROJECT IS SOME
OPPORTUNITIES WHERE WE CAN LEVERAGE HOT TAX. 
          WE CAN'T PAY DOLLAR FOR DOLLAR FOR THE OPERATING COSTS ASSOCIATED WITH IT BECAUSE WE HAVE
TO DEMONSTRATE THE HEADS AND BEDS COMPONENT IN ORDER TO USE THOSE FUNDS. 
          AND SO JOHN IS LOOKING AT SOME OF THOSE CONCEPTS,
BUT IT'S NOT SOMETHING WHERE WE GENERATE ROUGHLY AROUND $1 MILLION IN HOT TAX RIGHT NOW. 
          WE CAN'T ATTRIBUTE 100, EXCUSE ME, $1 MILLION OF HOT TAX REVENUE TOWARDS THIS OPERATION,
BUT WE MIGHT BE ABLE TO PROVIDE SEVERAL THOUSAND, YOU KNOW, BASED UPON THAT THAT SETUP. SO I THINK THE CHALLENGE WITH SOME OF THOSE OTHER
LOCATIONS, THEY JUST HAVE A MORE ROBUST HOTEL SETUP AND GENERATE A FAR MORE HOT TAXES THAN WE DO HERE
IN THE TOWN. 
          SO I THINK, JAMES, MY CONCERN IS JUST THE UNCERTAINTY,
BECAUSE I KNOW THAT THERE ARE MORE HOTELS PLANNED. 
          SO HOT TAX WILL GROW. IF WE KNEW THAT WE HAD A $600,000 TO $1 MILLION DEFICIT,
AND WE KNEW WE COULD PLUG IT IN FULL WITH HOT TAX AND NOT WITH GENERAL FUND AD VALOREM, THAT WOULD MIGHT INFORM SOME DECISIONS IN TERMS OF APPROVALS OR DENIALS,
AND IT MIGHT GIVE US A PATH FORWARD WHERE WE FEEL LIKE WE CAN DO THIS MORE RESPONSIBLY AND NOT JUST FUND THIS SHORTFALL WITH AD VALOREM. 
          WHEN WE KNOW THAT WE'RE KIND OF IN A BIND WITH THE LEGISLATURE AND WHAT THEY'VE DONE. 
          SO IF WE KNEW THAT WE COULD PLUG THAT HOLE ENTIRELY WITH HOT TAX,
IF WE HAD AN UNLIMITED AMOUNT OF HOT TAX, LET'S JUST SAY, OR IF WE KNEW THAT WE COULD PLUG A PERCENTAGE OF IT WITH A PERCENTAGE OF
OUR HOT TAX, THAT COULD HELP WITH, YOU KNOW, PLANNING THIS OUT FOR THE NEXT FIVE YEARS AND THE THINKING
ABOUT THE DIFFERENT HOTELS THAT ARE GOING TO COME ONLINE IN THAT AMOUNT OF TIME. 
          I MEAN, THAT'S SOMETHING WE CAN LOOK AT. BUT THE UNIQUE CHALLENGE OF IT IS THAT WE DON'T
HAVE A 2500 SEAT THEATER. 
          WE HAVE 650 SEAT THEATER. AND SO OBVIOUSLY, WE'RE GOING TO HAVE TO BE ABLE TO DEMONSTRATE
THAT THE FOLKS USING THIS FACILITY ARE ALSO CHECKING INTO THE HOTELS. 
          AND SO I HEAR WHAT YOU'RE SAYING. I THINK THE CHALLENGE IS GOING TO BE US NOT GETTING TOO
CUTE AND BEING ABLE TO ARTICULATE HOW IT'S GOING TO RESULT IN HEADS AND BEDS. 
          AND SO THAT'S SOMETHING THAT WE'VE TAKEN A LOOK AT. 
          AND JOHN, I'M LOOKING DOWN AT YOU TO SEE IF AT ANY POINT WHERE WE CAN START BRINGING
ESTIMATES FORWARD ABOUT WHAT WE THINK WE CAN GENERATE FROM HOT AND CONTRIBUTE TO THE OPERATING COST OF THE FACILITY. SO YOU'VE SAID IT RIGHT. 
          IT HAS TO BE TIED TO HEADS AND BEDS. AND SO WE HAVE TO BASICALLY PROVE OUT AND SHOW
REASONABLY THAT IT WE'RE DOING THINGS THAT BRING IN PEOPLE FROM THE OUTSIDE WHO ARE GOING TO STAY IN THOSE HOTELS. AND THEREFORE, THAT'S HOW MUCH REVENUE WE CAN REALLY DEDICATE TO
IT. 
          SO THE BEST ONE RIGHT NOW, YOU CAN LOOK AT CITY OF GRAPEVINE,
THEY DO LARGE SCALE EVENTS. 
          AND THEY'RE MULTI-DAY EVENTS. AND SO THERE IS ANTICIPATION THAT PEOPLE ARE GOING TO STAY
AT THOSE HOTELS DURING THOSE MULTI-DAY EVENTS. 
          SO YOU'RE SAYING THERE'S LIKE A COMPLIANCE COMPONENT WHERE WE HAVE TO DO A DOCUMENTATION
AND GIVE IT TO THE SECRETARY OF STATE OR WHOEVER? NO, ABSOLUTELY. THERE IS A HIGH LEVEL OF SCRUTINY UPON THOSE DOLLARS. 
          SO MAYBE IF WE HAD SOME EXAMPLES OF THAT, IT MIGHT GIVE US A SENSE OF WHAT WE CAN DO AND
CAN'T DO. 
          I DON'T WANT TO. I WANT TO MAKE SURE WE'RE FOLLOWING THE LAW. BUT HAVE YOU READ? LIKE, I READ SOMETHING TODAY THAT SAID, LEWISVILLE'S SPENDING HOT TAX ON ALL KINDS OF
THINGS. YEAH. AND I DON'T KNOW WHAT'S LEGAL AND WHAT'S NOT. 
          AND SO I THINK FOR US IS THAT THAT'S CERTAINLY SOMETHING THAT WE CAN TAKE A LOOK AT. AND
IT'S SOMETHING THAT'S GOING TO BEAR IN THE PRESENTATION I'M ABOUT TO DO AS FAR AS NEXT STEPS, IF THAT'S SOMETHING YOU WANT US TO TAKE A LOOK AT,
WE CAN DO THAT. TO GIVE YOU A SENSE OF SOME OF THE THINGS THAT WE HAVE LOOKED AT IS THE IDEA OF PARTNERING WITH HOTELS TO HAVE A SET BLOCK OF BOOKINGS THAT ARE SPECIFICALLY
ASSOCIATED WITH A SHOW THAT'S COMING TO THE FACILITY. 
          SO WE KNOW WHAT IS ACTUALLY BEING BOOKED AND GENERATED REVENUE LIKE THAT. 
          AND SO AGAIN, THIS IS OUR CHALLENGE IS THAT,
YOU KNOW, OUR FIRST HOTEL OPENED UP, YOU KNOW, EIGHT YEARS AGO. SO WE JUST DO NOT HAVE A ROBUST HOTEL SETUP AND WE'RE GOING TO HAVE MORE
THAT COME ONLINE. 
          AND THEN AT THAT POINT, YOU MIGHT BE ABLE TO SPREAD YOUR HORIZONS A LITTLE BIT. BUT THAT'S
THE THING WE WANT TO BE VERY CAREFUL ABOUT THE THERE ARE SPECIFIC MECHANISMS AND THINGS THAT HAVE TO BE DONE IN ORDER TO LEVERAGE HOT TAX. THERE'S THINGS YOU HAVE TO REPORT BACK
TO THE STATE. AND WE JUST, AGAIN, WANT TO BE VERY CAREFUL ABOUT HOW WE APPROACH IT AND NOT MAKE A PROMISE THAT WE CAN'T KEEP OR CAN'T MAINTAIN. 
          YEAH. I MEAN, WE'RE ALREADY LOOKING AT HOTELS,
SO THAT'S A PLUS. 
          BUT ALSO IF YOU'RE LOOKING AT COPPELL, WHEN YOU MENTIONED COPPELL,
THAT COPPELL DOESN'T HAVE A DISTRICT OF BUSINESSES WHERE YOU CAN GO TO, I MEAN, IT'S KIND OF ISOLATED OVER THERE WHERE THEY HAVE THEIR COPPELL ARTS CENTER,
WHERE WE HAVE ALL THE BUSINESSES SURROUNDING THE RIVERWALK THAT MAKES A HUGE DIFFERENCE. 
          PLUS, THE PERFORMANCES THAT WE WOULD HAVE AT THIS CULTURAL ARTS CENTER ARE DRAMATICALLY
DIFFERENT. 
          WHEN YOU MENTIONED COPPELL ARTS CENTER, IT'S DRAMATICALLY DIFFERENT. 
          IT'LL BRING IN MORE PERFORMANCES BECAUSE YOU HAVE THE FLY SPACE THAT ACTUALLY CHANGES WHO
YOU CAN BRING IN, BECAUSE A LOT OF PERFORMERS SAY, NO, IF YOU DON'T HAVE THAT,
THE ORCHESTRA PIT THAT BRINGS IN MORE PERFORMERS. 
          [02:25:03]
I MEAN, IT JUST IT'S A DIFFERENT DYNAMIC ALTOGETHER. 
          IT'S LIKE APPLES TO ORANGES. YOU REALLY CAN'T COMPARE IT. BUT I MEAN,
I THINK WE ARE WE ARE LOOKING AT THESE HOTELS AND LOOKING AT THAT TO USE AS HOT TAXES. 
          I DO THINK THAT'LL HELP. I LOVE THE FACT THAT WE NEED TO GET THE NUMBERS,
THOUGH, TO KIND OF GET A LITTLE BIT MORE ON A STEADY GROUND OF WHERE WE'RE COMING FROM, BUT IT'S NOT A PLACE, IT'S NOT A REVENUE GENERATING SPACE. 
          BUT WHAT IT DOES IS IT DOES DRIVE ECONOMIC DEVELOPMENT. 
          AND I LOVE THAT BECAUSE WE'VE NEEDED THAT FOR THAT AREA WE HAVE. 
          AND ALONG THOSE LINES, CAN YOU GO TO YOUR NEXT SLIDE,
SLIDE NUMBER 16. 
          YOU TALK ABOUT THE ECONOMIC IMPACT THAT. AND THIS IS YOUR PROJECTION OF THE IMPACT ON THE
FLOWER MOUND WITH THIS FACILITY THAT WE'VE BEEN DISCUSSING TONIGHT. 
          IS THAT IS THAT CORRECT? OKAY. SO WALK US THROUGH IF YOU DON'T MIND,
DIG INTO THIS JUST A LITTLE BIT MORE. 
          AND THE NEW ANNUAL EARNINGS AT THE BOTTOM, THE $830,000,
WHAT DOES THAT REPRESENT AND WHAT ASSUMPTIONS WENT INTO THAT FIGURE, IF YOU DON'T MIND? RIGHT. SO TO BUILD THIS, WE'D BUY MULTIPLIERS FROM THE BUREAU OF
ECONOMIC ANALYSIS. 
          AND THEY SAY THAT FOR DENTON COUNTY, A DOLLAR SPENT ON IT'S ABOUT 500 DIFFERENT INDUSTRIES
GENERATES THIS MULTIPLIER EFFECT. 
          A DOLLAR SPENT, FOR EXAMPLE, ON TRANSPORTATION GENERATES $1.25 IN SALES $0.75 IN NEW
EARNINGS AND X NEW JOBS. SO WE TAKE EVERY LINE ITEM IN OUR PRO FORMA OPERATING BUDGET AND ASSIGN IT TO A LINE
ITEM IN THE MULTIPLIERS AND CALCULATE DOLLARS IN WHAT'S THE MULTIPLIER EFFECT THAT GIVES US DOLLARS OUT PLUS EARNINGS PLUS JOB
CREATION. 
          SO THERE'S PART OF IT. THE OPERATIONS PART IS WHAT IS THE OPERATING BUDGET OF THE BUILDING
ITSELF. 
          AND THEN THE AUDIENCE PART IS WE KNOW HOW MUCH PEOPLE SPEND WHEN THEY COME TO A TICKETED
EVENT, WHETHER IT'S TO A TICKETED EXHIBIT OR TO THE THEATER. 
          WE KNOW HOW MUCH PEOPLE SPEND IN COMMUNITIES OF PARTICULAR SIZES ON FOOD AND BEVERAGE
ACCOMMODATIONS, BABYSITTERS, RETAIL, TRANSPORTATION. SO WE THOUGH WE USE THOSE PER CAPITA NUMBERS FOR
EVERY NON COUNTY AUDIENCE MEMBER, THE SLIGHT VARIATION ON THAT IS THAT I ALSO 10%. 
          I'M SAYING 10% OF THE AUDIENCE ARE PEOPLE WHO WOULD HAVE LEFT DENTON COUNTY,
BUT FOR THE PRESENCE OF THIS NEW FACILITY. 
          SO WE GET TO COUNT THEM. SO WE COUNT THE RECOVERED AUDIENCE AND THEN THE NON-COUNTY
AUDIENCE, HOW MUCH THEY SPEND ON ALL THESE DIFFERENT THINGS. 
          AND THAT GIVES US THOSE AUDIENCE SPENDING NUMBERS. 
          SO WE ADD UP THOSE TWO, THE OPERATIONS AND THE AUDIENCE SPENDING TO GET THE BOTTOM ONES OF
THE 3.6 $830,015. 
          SO THE $830,000 ANNUAL EARNINGS, IS THAT BASED ON A PROFIT FOR THESE BUSINESSES. 
          SO THAT IS EARNINGS. SORRY. THAT IS EARNINGS OF PEOPLE. 
          PEOPLE WHO LIVE IN DENTON COUNTY. THAT IS NEW EARNINGS THAT THEY TAKE HOME. 
          THAT IS NOT EARNINGS OF THE BUILDING. THAT IS EARNINGS OF THE JOB FORCE IN DENTON COUNTY. 
          I DON'T UNDERSTAND THAT EITHER. SO NEW ANNUAL EARNINGS. 
          IT MEANS THAT THE EARNINGS THAT ARE GAINED BY DENTON COUNTY EMPLOYEES BECAUSE OF THE
PRESENCE OF THIS BUILDING. 
          SO PEOPLE EARN THE TOTAL EARNINGS FOR DENTON COUNTY POPULATION INCREASES BY THAT AMOUNT OF
MONEY BECAUSE OF THIS PROJECT. 
          SO 3.6 MILLION IS THE AMOUNT SPENT AND THE $830,000. 
          SO THREE. YEAH, 3.6 IS THE TOTAL AMOUNT OF NEW SPENDING ASSOCIATED WITH THE OPERATION AND
AUDIENCES. 
          THE $800,000 IS THE TOTAL OF NEW EARNINGS, MEANING THE MONEY THAT'S IN THE PEOPLE'S
POCKETS IN DENTON COUNTY AS A RESULT OF THIS PROJECT. 
          AND 15 IS THE NUMBER OF NEW JOBS CREATED BY THE BUILDING,
IN ADDITION TO THE PEOPLE WORKING INSIDE THE BUILDING ITSELF. 
          OKAY. I DON'T QUITE FOLLOW, BUT THAT'S OKAY. WE DON'T NEED TO SPEND TOO MUCH TIME ON THAT.
BUT IS THERE A WAY THAT WE CAN LOOK AT WHAT THE PROJECTED SPENDING OF PEOPLE COMING INTO FLOWER MOUND IS GOING TO EAT AT A RESTAURANT BEFORE A SHOW,
STAYING IN A HOTEL, WHATEVER. 
          WHAT PROJECTED, YOU KNOW, MAYBE SALES TAX REVENUE COULD BE BROUGHT INTO THE TOWN. 
          SO I HAVE NOT DONE FISCAL IMPACTS. WE CAN ADD THAT AS AN ADDITIONAL. 
          I WOULD LIKE TO SEE THAT, IF THAT'S POSSIBLE. YEAH. SO I CAN SAY FOR THOSE PEOPLE WHO
WOULD, FOR THE PEOPLE WHO WOULD NOT HAVE OTHERWISE SPENT THEIR MONEY IN DENTON COUNTY,
WE CAN PROJECT THE INCREMENTAL FISCAL IMPACT OF THIS PROJECT. 
          I THINK SO THAT'D BE GOOD. GOOD. AND THE CAPITAL AT THE TOP IS THAT DEVELOPMENT
INVESTMENT. 
          IS THAT WHAT THAT IS? THAT IS THE IMPACT OF THAT CONSTRUCTION INVESTMENT. 
          [02:30:03]
SO I SAID, FOR EXAMPLE, IF ON CONSTRUCTION YOU SPENT 65 MILLION,
I KNOW YOU HAVEN'T SETTLED ON A NUMBER, BUT IF IT WAS 65 MILLION, THE ECONOMIC IMPACT OF SPENDING THAT 65 MILLION ON DENTON COUNTY
IS 88 MILLION. 
          SO THAT IS THE NEW ECONOMIC ACTIVITY THAT THE PROJECT GENERATES AS A RESULT OF THAT
EXPENDITURE. 
          SO PEOPLE IN DENTON COUNTY WILL HAVE 20 MILLION BUCKS MORE IN THEIR POCKETS AS A RESULT OF
THAT PROJECT. 
          AND THERE WILL BE 287 PERSON YEARS OF EMPLOYMENT CREATED BY THAT CONSTRUCTION PROJECT. 
          SO IT'S NOT IT'S NOT ADDITIONAL DEVELOPMENT THAT'S OCCURRING BECAUSE OF THE BUILDING OF
THE ARTS CENTER. 
          CORRECT. IT'S LIKE ADDITIONAL RESTAURANTS BEING PUT INTO THE. 
          NO DOESN'T ACCOUNT THAT. IS THERE ANY WAY TO PREDICT HOW IT MIGHT SPUR. 
          I THINK THE I THINK IT'S MUCH EASIER TO DO THAT WITH STORIES RATHER THAN DATA. 
          I THINK I WOULD THE BEST THING IS TO ENCOURAGE YOU TO VISIT SOME OF THESE PLACES THAT HAVE
ADDED FACILITIES LIKE THIS FOR REASONS LIKE YOURS AND ASK THEM SPECIFICALLY ABOUT HOW MANY RESTAURANTS OPEN AND HOW MANY MORE SQUARE FEET OF
COMMERCIAL SPACE, AND WHAT IMPACT DID IT HAVE ON LEASE RATES AND VISITOR SPENDING AND ALL THOSE THINGS. 
          SO IT'S HARD TO MOVE THOSE NUMBERS ACROSS FROM COMMUNITY TO COMMUNITY. 
          YEAH. YOU LOOK AT IRVING ARTS CENTER AND YOU LOOK AT COPPELL ARTS CENTER,
THEY'RE ISOLATED. 
          THERE'S NOT MUCH AROUND THERE. SO YOU HAVE TO KIND OF DRIVE AROUND. WHEREAS IN THE
RIVERWALK WE WOULD HAVE ALL THE BUSINESSES AROUND THERE, HOPEFULLY MORE SO AS THIS DEVELOPS SO THAT PEOPLE WILL WANT TO STAY AROUND THERE. 
          THE COPPELL ART CENTER IS A SMALL MIXED USE. IT'S GOT TOWNHOMES AROUND IT AND. 
          YEAH, BUT EITHER. 
          NOT LIKE WHAT WE HAVE AT THE RIVERWALK. AND THEY DON'T HAVE THE OUTDOOR SPACE EITHER FOR
IT. 
          RIGHT. ANYWAY. ALL RIGHT. OKAY. IS THERE ANY OTHER COMMENTS? OKAY. I WANT TO THANK YOU ALL. THANK YOU FOR COMING GIVING A GREAT PRESENTATION. 
          JAMES, I KNOW YOU WANT TO PRESENT SOME MORE INFORMATION ON THE NEXT STEPS. 
          I THINK SOMEBODY CLOSED MY PRESENTATION. HEY,
YOU KNOW WHAT? I'M GOING TO JUST TAKE, LIKE, A FIVE MINUTE BREAK. 
          IT'S 8:34. I JUST WANT TO TAKE BEFORE YOU GET STARTED. 
          ABSOLUTELY. YEAH. WE'LL COME BACK AT 8:40. OKAY. 
          AND MAYOR THE RESTROOMS ARE UP AND RUNNING OUTSIDE LIKE AIR CONDITIONED THE WHOLE,
THE WHOLE BIT. 
          SO TAKE ADVANTAGE OF THOSE OUTSIDE. THE TIME IS NOW 8:41. 
          WE'RE RESUMING OUR MEETING FROM OUR BREAK. AND JAMES CHILDERS,
OUR TOWN MANAGER, IS GOING TO PRESENT THE NEXT STEPS. 
          ALL RIGHT. THANK YOU MAYOR. APPRECIATE IT. SO YOU GOT PRESENTATIONS FROM OUR DESIGN TEAM
AS WELL AS OUR BUSINESS PLAN CONSULTANT. 
          AND SO WHAT I WANT TO DO IS WRAP UP OUR CONVERSATION AND TALK A LITTLE BIT ABOUT NEXT
STEPS. 
          AND SO THE ONE THING THAT I WANT TO POINT OUT IS,
IS THAT THE PRESENTATIONS THAT YOU HEARD THIS EVENING REPRESENTS US WRAPPING UP PHASE TWO. 
          ONE OF THE THINGS THAT I DID NOTE AS YOU ASK YOUR QUESTIONS,
THERE WERE SOME ADDITIONAL COMPONENTS AND SOME POTENTIALLY SOME DELIVERABLES THAT YOU ASK. 
          AND RIGHT NOW WE'RE AT THE END OF OUR FEE AND SCOPE RIGHT NOW. 
          SO IF WE WANT TO TAKE A DEEPER DIVE IN SOME OF THOSE ELEMENTS,
WE HAVE TO NEGOTIATE AND INCREASE THE FEE AND SCOPE TO EXPLORE SOME OF THOSE THINGS AS I GO THROUGH THIS PRESENTATION, IF THAT'S THE DIRECTION THAT YOU GIVE US,
IS CERTAINLY SOMETHING WE CAN DO. BUT I WANT TO EMPHASIZE THAT THIS REACHES THE END OF PHASE NUMBER TWO, WHICH IS THAT PRE-DESIGN AND PROGRAMING. 
          AND YOU CAN SEE IN THE MIDDLE BULLET THERE THE TASKS THAT WERE COMPLETED DURING THIS
PHASE. 
          AND SO NEXT UP IN THE PROCESS IS PHASE THREE,
WHICH IS THE SCHEMATIC DESIGN OF THE FACILITY. 
          THIS IS IMPORTANT. THE MAIN REASON IS, IS THAT ONCE YOU GO TO SCHEMATIC DESIGNS,
WE'RE NEGOTIATING THE DESIGN CONTRACT, AND THAT CONTRACT IS PROBABLY GOING TO BE IN EXCESS OF $5 MILLION. 
          SO YOU SENSE THAT THAT'S A CONSIDERABLE FINANCIAL COMMITMENT,
AND THAT'S AN INDICATION THAT YOU INTEND TO BUILD A FACILITY. 
          SO WITH THAT BEING SAID, THIS TRANSITION BETWEEN PHASES TWO AND THREE REPRESENTS A GREAT
TIME TO HAVE A CONVERSATION ABOUT HOW WE WANT TO PROCEED. 
          THE INTERESTING THING ABOUT HOW WE'RE FUNDING THIS,
AND THIS IS, AGAIN, THROUGH A PARTNERSHIP WITH DENTON COUNTY WHERE THEY'RE BRINGING A THIRD OF THE DOLLARS. WE'RE BRINGING TWO THIRDS OF THE DOLLARS TO DO THIS PROJECT THROUGH
TIRZ NUMBER ONE. 
          IT CREATES AN INTERESTING SCENARIO WHERE WE HAVE A LOT OF BRANCHING APPROACHES THAT WE
COULD POTENTIALLY TAKE WITH THIS, 
          [02:35:04]
AND IT CREATES DOZENS OF OPTIONS. BUT ONE OF THE THINGS I WANTED TO DO IS TRY TO DISTILL
IT TO A FEW, A HANDFUL OF OPTIONS TO GET THE DIRECTION TO SEE IF THERE'S A PARTICULAR AREA THAT YOU
WANT TO GO. 
          THE THING I WANT TO STRESS BEFORE I GO THROUGH THESE OPTIONS IS,
IS THAT YOU CAN CERTAINLY SAY, I WANT A FIFTH OPTION, OR YOU CAN GIVE US ANY DIRECTION THAT YOU WANT TO GET. WE'RE IN NO
WAY TRYING TO STEER YOU TOWARDS A DIRECTION, BUT AT THE SAME TIME, WE DON'T WANT TO CREATE A FORK IN THE ROAD THAT HAS ABOUT A DOZEN
DIFFERENT DIRECTIONS THAT COULD POTENTIALLY GO. AND SO WHAT WE'RE TRYING TO DO IS HONE IN ON THE APPROACH THAT YOU WANT US TO TAKE. THERE'S NO DECISION TONIGHT. 
          I'M NOT LOOKING FOR CONSENSUS DIRECTION. I'M NOT LOOKING FOR ANYTHING IN PARTICULAR,
BUT I'M TRYING TO SET UP SOME POTENTIAL PATHS THAT WE COULD GO DOWN. 
          YOU GIVE US DIRECTION ON WHAT YOU LIKE TO SEE BECAUSE DEPENDING ON WHERE YOU WANT TO GO,
TIME IS GOING TO BE THE ESSENCE. 
          AND I'LL EXPLAIN THOSE WHEN I GO THROUGH SOME OF THESE OPTIONS THAT ARE OUT THERE. 
          AND SO I'LL GO THROUGH THE PRESENTATION AS WE WRAP UP. 
          IF THERE IS A DESIRE TO EXPLORE, TAKING A DEEPER DIVE ON SOME OF THOSE COMPONENTS THAT YOU
ASKED ABOUT, INCLUDING REVENUES AND THINGS OF THAT NATURE,
WE CAN CERTAINLY TALK ABOUT WHAT THAT LOOKS LIKE IN A TIME FRAME, TURNING IT AROUND. SO WITH THAT, AS I MENTIONED BEFORE, RATHER THAN GIVE YOU A DOZEN OPTIONS OR SO,
WE WANT TO DISTILL IT DOWN TO FOUR. 
          AND WE WORKED AS A STAFF TO FIGURE OUT WHAT IS A SIMPLE WAY TO FIGURE OUT ESSENTIALLY WHAT
FOUR DOORS COULD WE POTENTIALLY GO DOWN IF WE WANT TO MOVE ON THIS PROJECT? SO HERE WE'RE TRYING TO KEEP IT AS SIMPLE AS POSSIBLE. 
          YOU KNOW, YOU HAVE FOUR DOORS POTENTIALLY IS THAT YOU COULD PAUSE THE PROJECT,
WAIT AND REASSESS AT A LATER DATE TO SEE IF WE WANT TO PROCEED. 
          YOU CAN SEND IT TO THE BALLOT, WHICH GOES TO THE VOTERS. AND THE VOTERS DECIDE IF THIS IS
A PROJECT THEY WANT TO MOVE FORWARD WITH. 
          WE CAN STOP THE PROJECT. THAT'S PART OF THE CONVERSATION WE'VE HAD DURING THE BUDGET
CONVERSATIONS ABOUT COULD THE TIRZ REVENUES BE LEVERAGED TO ADDRESS SOME OF THE REVENUE COMPONENTS THAT WE'RE DEALING WITH ON THE OPERATIONS SIDE,
AND THEN WE CAN MOVE FORWARD AS CONTEMPLATED. SO I'M GOING TO GO A LITTLE BIT MORE IN DEPTH INTO EACH OF THESE CATEGORIES. YOU CAN CERTAINLY ASK ANY QUESTIONS YOU HAVE AS WE
MOVE FORWARD. 
          SO PAUSING AND THIS WOULD BE AN INTENTIONAL PAUSE THAT'S ESSENTIALLY CALLING A TIME OUT. 
          LETTING SOME TIME ELAPSED AND MAKING A DETERMINATION. 
          IF THIS IS SOMETHING WE WANT TO REVISIT. I JUST HAVE THERE AS A SUB BULLET THERE,
MAYBE A YEAR IS A POINT. 
          YOU CAN COME BACK AND TAKE A LOOK AT THAT. THERE'S IMPORTANT THINGS TO REMEMBER. IF YOU DO
TRY TO TAKE A PAUSE ON THIS PROJECT, AND IT'S TWOFOLD. 
          ONE IS, IS THAT THE VEHICLE THAT WE INTEND TO FINANCE THE PROJECT AND WHAT WE ARE,
THE WAY WE CONTEMPLATED FINANCING THAT IS THE USE OF A DEBT INSTRUMENT CALLED A TAX ANTICIPATION NOTE. AND SO ONE OF THE THINGS THAT IN THE LAST LEGISLATIVE SESSION,
THE LEGISLATURE TALK SERIOUSLY ABOUT TAKING THAT DEBT OPTION OFF THE TABLE FOR MUNICIPALITIES. SO IF YOU WAIT A YEAR, YOU HAVE THE POTENTIAL THAT IN THE NEXT SESSION,
THE LEGISLATURE TAKES THAT OPPORTUNITY AWAY FROM YOU. 
          AND THEN AT THAT POINT, THE ONLY DEBT INSTRUMENT YOU COULD USE IS A G.O. 
          THAT HAS TO GO TO VOTERS, OR YOU HAVE TO PAY CASH. 
          AND THERE'S SOME SOME COMPONENTS IN THERE THAT THAT IMPACT THAT. 
          AND I'LL TALK ABOUT THAT IN A SECOND. THE OTHER THING TO KEEP IN MIND IS,
IS THAT CONSTRUCTION PRICES AREN'T GOING DOWN. 
          SO WHEN YOU WAIT, YOU HAVE THE POTENTIAL OF THE PRICE OF THE PROJECT ESCALATING. 
          IF YOU WAITED A YEAR OR SO TO SPEAK. WE'VE DONE SOME HIGH LEVEL ANALYSIS,
JUST TAKING A LOOK AT WHAT THE PRICE ESCALATION IS GOING TO LOOK LIKE A YEAR FROM NOW. 
          THE PRICE COULD POTENTIALLY START PUSHING UP TOWARDS $80 MILLION. 
          SO OBVIOUSLY IF YOU TAKE A PAUSE IT GIVES YOU AN OPPORTUNITY TO ASSESS THINGS AND SEE IF
THERE'S A DIFFERENT APPROACH THAT YOU WANT TO TAKE. 
          BUT THE NEGATIVE BYPRODUCT OF THAT IS THAT THE PRICE OF THE FACILITY IS JUST GOING TO
CONTINUE TO ESCALATE OVER TIME. 
          AND OBVIOUSLY, THE VEHICLE THAT WE INTENDED TO FINANCE IT MAY BE OFF THE TABLE. 
          SO JUST WANTED TO SHARE THE PROS AND CONS OF TAKING APPROACH TO PAUSING THE PROJECT. 
          NEXT UP IS PUTTING IT ON A BALLOT. PUTTING IT BEFORE THE VOTERS. 
          THIS OPTION LETS THE RESIDENTS OF FLOWER MOUND DECIDE IF THIS IS A PROJECT THAT THEY WANT
TO MOVE FORWARD WITH. 
          AND THIS DOESN'T SAY PROS AND CONS, BUT A PRO OF THIS IS THAT IF THE VOTERS APPROVED THIS
PROJECT, WE WOULD HAVE THE ABILITY TO USE GO'S. IT GIVES US A LOT OF FINANCIAL FLEXIBILITY OF HOW
WE CAN FINANCE THE PROJECT. 
          IT ALLOWS US TO BE ABLE TO FUND THE PROJECT AND KEEP A HEALTHY BALANCE AND BE ABLE TO FUND
OTHER PROJECTS, THINGS OF THAT NATURE. SO YOU GET FLEXIBILITY WITH THAT. 
          BUT THE DENIAL BY STATUTE IS THAT I BELIEVE YOU HAVE TO WAIT FIVE YEARS BEFORE YOU COULD
REVISIT AND GO BEFORE THE VOTERS AND SEE IF THEY WANT TO APPROVE A PROJECT. 
          BUT ON A DEEPER LEVEL, THE ONE THING THAT WE HAVE TO ACKNOWLEDGE,
IF THE VOTERS SAY NO, IS THAT AN INDICATION THAT THEY DON'T HAVE A DESIRE FOR US TO PURSUE THIS PROJECT IN THE FUTURE? SO THAT'S SOMETHING WE HAVE TO TAKE INTO ACCOUNT. IF YOU DO
PUT IT BEFORE THE VOTERS AND THEY SAY, NO, THANK YOU. ON THIS PARTICULAR APPROACH. BUT WHAT IT DOES IS,
IS THAT IT PUTS IT IN THE HANDS OF THE VOTERS TO DECIDE IF THIS IS SOMETHING THEY ULTIMATELY WANT TO MOVE FORWARD WITH. NEXT UP IS STOPPING THE PROJECT. 
          AND THIS WAS BORN IN SOME CONVERSATIONS THAT WE'VE HAD DURING OUR BUDGET DISCUSSION. 
          AND JUST TALKING ABOUT, OBVIOUSLY, THE FUNDS ARE TO DO THIS PROJECT ARE IN TIRZ NUMBER
ONE. 
          AND JUST AS A REMINDER FOR EVERYBODY IS, IS THAT IN ESSENCE,
WHAT WE'RE LOOKING TO DO IS LEVERAGE THE REVENUE FROM TIRZ NUMBER ONE THROUGH A TAX ANTICIPATION NOTE TO BE ABLE TO FUND THE DEBT SERVICE FOR THE FACILITY. 
          SO IN ESSENCE, IT WOULD NOT HIT OUR I&S OR OUR DEBT SERVICE RATE ON THE PROPERTY TAX SIDE
OF THINGS. 
          BUT THE CONVERSE OF THAT, AND AS YOU KNOW, WE'VE HAD CONVERSATIONS,
PEOPLE CALL AND WE HAD CONVERSATIONS AMONGST STAFF, 
          [02:40:05]
AND THE COUNCIL IS THAT THAT THE REVENUE FROM THE TIRZ COULD CONCEIVABLY COME OVER TO THE
GENERAL FUND TO BE ABLE TO OFFSET SOME OF THE CHALLENGES WE HAVE FROM A REVENUE PERSPECTIVE BECAUSE OF SB 2. IT'S IMPORTANT TO NOTE THAT WE'RE PARTNERED WITH THE COUNTY
IN THIS CONCEPT. 
          YOU KNOW, SINCE WE MOVED FORWARD, THE GENERAL IDEA IS THAT THE SIMPLEST WAY TO DESCRIBE IT
IS THAT A THIRD OF THE MONEY, AND THAT INCLUDES THE CASH AND THE REVENUE GENERATED ON AN ANNUAL BASIS MOVING FORWARD
BELONGS TO DENTON COUNTY, AND THE OTHER TWO THIRDS BELONGS TO THE TOWN OF FLOWER MOUND. SO IF THERE'S A DECISION TO
SAY, WE DON'T WANT TO MOVE FORWARD WITH THAT, THE COUNTY WOULD TAKE THEIR PORTION OF THE CASH
AND THEY WOULD TAKE THEIR ONGOING REVENUE BACK TO THEIR COFFERS, AND WE WOULD DO THE SAME WITH OURS. THE ONE THING THAT I WILL MENTION ON THIS IS,
IS THAT IT'S IMPORTANT TO NOTE THAT WE'VE HAD CONVERSATIONS ABOUT WHAT YOU COULD DO THAT ROUGHLY $5.5 MILLION IN ONGOING TAXABLE VALUE THAT COULD COME OVER TO THE GENERAL FUND
SIDE. 
          YOU KNOW, ONE OF THE THINGS THAT JOHN REALLY NEEDS A DEEP ANALYSIS ON IS HOW WE CAN
APPROACH THAT. 
          IF WE DO GO IN THIS DIRECTION, IT'S NOT JUST NECESSARILY AS SIMPLISTIC TO JUST GO AHEAD
AND SAY, WE'LL COVER THAT EXPENSE BY THAT ROUGHLY $2 BILLION OF VALUE COMING OVER TO THE GENERAL
FUND SIDE OF THINGS. 
          YOU KNOW, JOHN WILL TAKE A LOOK AT IT AND FIGURE OUT HOW DO WE MAXIMIZE THOSE REVENUES IF
WE GO IN THIS DIRECTION TO ENSURE THAT WE CAN PUSH OFF CERTAIN DECISION POINTS, THAT COULD BE PUNCTUATED BY DOING A VOTER APPROVAL TAX RATE,
ELECTION OR THINGS OF THAT NATURE. 
          SO IT'S NOT JUST AS SIMPLE AS GOING FORWARD. THERE'S A LOT OF DIFFERENT PATHS THAT WE
COULD MOVE. 
          IF THIS IS A DECISION THAT WE MADE, WE WOULD TAKE A DEEPER ANALYSIS TO FIGURE OUT HOW DO
YOU MAXIMIZE THOSE DOLLARS COMING OVER TO THE GENERAL FUND, BUT STOPPING THE PROJECT WHEN IN ESSENCE, YOU KNOW,
US GOING TO THE COUNTY AND SAY, WE DON'T WE NO LONGER INTEND TO MOVE FORWARD. 
          AND THOSE DOLLARS COME OVER, YOU KNOW, WE'LL HAVE AN AMOUNT OF CASH COMING OVER TO THE
GENERAL FUND AND THEN ONGOING REVENUE THAT'S GOING TO HIT ROUGHLY AROUND $5.5 MILLION. 
          LASTLY, WE CAN MOVE FORWARD WITH THE PROJECT AS CONTEMPLATED. AND AS I MENTIONED BEFORE,
THE VEHICLE WOULD BE A TAX ANTICIPATION NOTE, WHICH IS A SEVEN YEAR NOTE THAT WE COULD PAY OFF IN SEVEN YEARS THAT WILL PUT US IN A
POSITION TO START DESIGN NEXT YEAR, AND IT'LL PUT US ON A POSITION TO OPEN A FACILITY IN 2029. 
          THE THING THAT I WANT TO BE VERY CLEAR AND TRANSPARENT ABOUT IS,
IS THAT, YOU KNOW, OBVIOUSLY, AS YOU SAW IN DUNCAN'S PRESENTATION, THERE IS A OPERATING SUBSIDY ASSOCIATED WITH THAT,
AND I PUT IT IN BOLD AND UNDERLINE. 
          THERE IS IS THAT IF WE MOVE FORWARD RIGHT NOW WITHOUT FINDING A WAY TO BRIDGE THAT ROUGHLY
$600,000 TO A HALF MILLION DOLLAR GAP THERE, THAT IS OPERATING EXPENSE THAT WOULD HAVE TO BE ABSORBED BY THE GENERAL FUND. SO IT'S
GOING TO EXACERBATE SOME OF THE CHALLENGES THAT WE'VE BEEN TALKING ABOUT FOR THE LAST FEW WEEKS. AGAIN, WITH TIME, YOU MIGHT BE ABLE TO FIND OTHER SOLUTIONS AND APPROACHES,
BUT I JUST WANT TO BE CLEAR AND TRANSPARENT ABOUT IT IS THAT WHAT WILL BE CONTEMPLATED RIGHT OFF THE BAT IS THAT BEING ABSORBED BY THE GENERAL FUND. SO AGAIN,
MOVING FORWARD, AS WE ORIGINALLY CONTEMPLATED TO WITH THE TAX ANTICIPATION THAT MOVES FORWARD. BUT THERE IS A DOWNSIDE TO IT. AND THE THING I JUST WANT TO STRESS,
THERE'S PROS AND CONS TO ANY APPROACH THAT WE TAKE WITH THIS. 
          AND SO REALLY WHAT WE'RE TRYING TO DO HERE TODAY,
AND WE'RE WHAT WE'RE LOOKING FOR HERE TODAY, I DON'T NEED FIVE HEAD NODS IN ANY SPECIFIC DIRECTION,
BUT WHAT I AM LOOKING FOR IS JUST SOME DIRECTION OF THINGS THAT YOU'RE CURIOUS ABOUT, THINGS THAT YOU ULTIMATELY WANT TO SEE. BECAUSE THE THINGS I WANT TO STRESS IS,
IS THAT FOR CERTAIN DIRECTIONS THAT YOU MAY WANT TO GO WITH THIS THERE'S A TIME COMPONENT ASSOCIATED WITH IT. BE IT YOU WANT TO PUT IT ON A BALLOT,
THERE'S A TIME CONSIDERATION. 
          IF YOU'RE LOOKING AT NOVEMBER OR WHAT ARE YOU GOING TO DO NEXT MAY OR WHENEVER YOU WANT TO
GO AND DO IT. 
          OTHER THINGS WITH THE, IF YOU, IF THE IDEA WAS,
WE DON'T WANT TO MOVE FORWARD WITH THE PROJECT AND TAKE TIRZ NUMBER ONE AND DISSOLVE IT. 
          WELL, THE TIRZ OPERATES ON AN ANNUAL YEAR BASIS. 
          WE OPERATE ON A FISCAL YEAR BASIS. SO THERE'S GOING TO HAVE TO BE SOME TIME ELEMENTS TO
MAKE SURE THAT THOSE FUNDS CAN COME OVER AT THIS PARTICULAR TIME FRAME. 
          SO REALLY, I'M JUST TRYING TO SIMPLIFY IT TO MAYBE FOUR DOORS THAT WE CAN GO THROUGH. 
          YOU CAN CERTAINLY COME TO A DECISION. HEY, HERE'S A FIFTH DOOR THAT Y'ALL MAYBE NOT HAVE
CONTEMPLATED, BUT WHAT WE'RE REALLY LOOKING FOR TODAY IS WHAT ADDITIONAL INFORMATION THAT YOU NEED
MOVING FORWARD TO MAKE A DECISION. 
          WHAT WE CAN DO IS IF THERE'S A GENERAL IDEA,
IF YOU HAVE SOME ELEMENTS THAT YOU WANT US TO GO LOOK AT AND BRING BACK BEFORE YOU, WE CAN BRING IT POTENTIALLY AT THE JULY 20TH MEETING. 
          BUT, YOU KNOW, AT THIS POINT, WE'RE TRULY AT A DECISION POINT. 
          AND AS WE MENTIONED BEFORE, YOU MENTIONED A COUPLE OF THINGS IN DUNCAN'S PRESENTATION YOU
WANT TO TAKE A LOOK AT. 
          AND THAT'S SOMETHING THAT WE'RE GOING TO HAVE TO GO BACK AND NEGOTIATE AND CREATE A,
YOU KNOW, A FEE STRUCTURE FOR THAT, BECAUSE RIGHT NOW THEY'VE REACHED THE END OF THE LINE OF THEIR
DELIVERABLES. 
          SO IF WE WANT TO TAKE A LOOK AT OTHER REVENUE MODELS AND THINGS OF THAT NATURE,
THAT'S SOMETHING WE'RE GOING TO HAVE TO NEGOTIATE. SO JUST GOING BACK UP HERE, JUST TRYING TO HELP THE DECISION MAKING JUST A LITTLE BIT MORE. 
          HERE'S FOUR POTENTIAL DOORS THAT WE COULD GO THROUGH. SO WITH THAT,
I'D BE HAPPY TO ANSWER ANY QUESTIONS YOU HAVE. 
          MORE IMPORTANTLY, JUST LOOKING TO SEE YOUR THOUGHTS AND ANY POTENTIAL DIRECTION YOU HAVE
FOR STAFF OF WHAT YOU NEED TO MAKE A DECISION. 
          WELL, I JUST WANT TO ASK THE BALLOT THAT WOULD BE THAT WOULDN'T BE PRESENTED UNTIL 2027
THEN. 
          CORRECT. IT'S ANY APPROACH THAT YOU CAN TAKE WITH IT. 
          [02:45:02]
SO THE TIME ELEMENT IS IMPORTANT. LET'S JUST SAY THAT YOU ALL SAID,
HEY, WE WANT TO PUT THIS BEFORE THE VOTERS IN NOVEMBER OF THIS YEAR. 
          WELL, WE HAVE TO CALL THAT ELECTION IN THE FIRST WEEK OF AUGUST. 
          AND IF THAT'S THE DIRECTION WE HAVE TO GO, WE NEED TO DO IT WITH BOND COUNCIL AND START
PUTTING ALL THAT INFORMATION TOGETHER. WE'RE ALREADY AT A BIT OF A CRUNCH THERE. YOU COULD CONCEIVABLY SAY WE CAN BRING IT BEFORE THE VOTERS IN MAY OF 2027 OR NOVEMBER OF 2027. 
          THE THING TO NOTE IS WE CONTINUE TO TALK ABOUT THOSE BIG ROCKS AND THOSE THINGS THAT WE
NOTICE ON THE HORIZON. 
          ONE OF THOSE THINGS IS A NEW POLICE HEADQUARTERS. BUT IT'S GOOD TO KNOW. 
          OH. OF THAT MOVING FORWARD IN MAY. AND YOU CAN HAVE A BALLOT WITH A POLICE HEADQUARTERS
ALONG WITH AN ARTS FACILITY ON THE SAME BALLOT. 
          AND THEN YOU KNOW, WHAT I WOULD LIKE INFORMATION ON IS JUST THE COST RECOVERY. 
          IF WE CAN GET MORE INFORMATION ON THAT AND HOW MUCH OF THAT,
LIKE IT WAS MENTIONED THAT THE HOT TAXES HOW MUCH THAT WILL COVER AND HOW MANY HOTELS WE DO NEED TO COVER THAT. 
          NOT THAT WE WANT TO KEEP, YOU KNOW, JUST INUNDATE THE TOWN WITH HOTELS. 
          IT'S JUST. SO WHAT IS THAT GOING TO LOOK LIKE? SO, MAYOR, IF I COULD MAYBE ASK A CLARIFYING QUESTION ASSOCIATED WITH IT,
IT'S SUFFICE TO SAY THAT THE IDEA IS THAT WE DO NOT WANT THE GENERAL FUND SUBSIDIZING THE OPERATING COST OF THE FACILITY. HOT IS DEFINITELY AN OPTION. 
          IT'S THE MOST READILY AVAILABLE ONE. IF Y'ALL ARE COMFORTABLE WITH THIS,
JOHN AND I CAN WORK ON OTHER ALTERNATIVES THAT ARE OUT THERE TOO, THAT MAYBE OFFSET A GENERAL FUND OPERATING SUBSIDY. 
          WE HAD SOME CONVERSATIONS ABOUT SOME OTHER THINGS THAT WE COULD POTENTIALLY LEVERAGE.
MAYBE THAT'S SOMETHING WE CAN FLESH OUT AND BRING AT THE NEXT MEETING. BECAUSE I THINK WITH HOT, IT'S JUST, IT'S VERY LIMITED RIGHT NOW,
WHAT WE CAN DO WITH IT AND WHAT I, THE LAST THING I WANT TO DO IS MAKE A PROMISE THAT WE CAN'T FOLLOW THROUGH ON. AND SO I'M VERY RELUCTANT TO SAY,
SURELY WE CAN WE CAN PLUG THE GAP WITH ALL OF HOT. 
          IT MIGHT BE A LOWER AMOUNT. SO WE CAN TAKE A LOOK AT THAT A LITTLE BIT CLOSER. 
          BUT ALSO WE COULD PRESENT SOME OTHER OPTIONS THAT CAN MOVE FORWARD TO NOT NECESSARILY MAKE
IT HIT THE GENERAL FUND IF Y'ALL ARE COMFORTABLE WITH IT. YEAH, I THINK I JUST WANT TO SEE IF WHAT WE CAN LOOK AT TO MAKE SURE THIS IS MORE SELF-SUSTAINING. 
          WE GET THAT COST RECOVERY. AND SO IT'S NOT PLACING A STRAIN. 
          AND I MENTIONED TO IT BEFORE, AND IT'S CERTAINLY SOMETHING WE CAN TALK WITH THE TEAM
ABOUT. BUT YOU KNOW, OBVIOUSLY, YOU KNOW, WITH THE SIZE AND SCOPE AND WHAT'S OFFERED AT THAT FACILITY, IT'S GOING TO BE A CHALLENGE. WE'RE NOT BUILDING A BASS HALL OR ANYTHING
LIKE THAT THAT HAS THE ABILITY TO BRING IN SHOWS THAT BRING IN NECESSARILY HIGH REVENUES. 
          I THINK WE'VE DONE A GOOD JOB OF ANALYSIS TO FIGURE OUT WHAT OUR PLACE IN THE WORLD IS. 
          AND I THINK THAT IS REFLECTIVE OF WHAT'S IN DUNCAN'S PRESENTATION. 
          BUT WITH THAT BEING SAID, I HEAR THE DIRECTIVE IS TO FIGURE OUT HOW WE CAN BRIDGE THAT GAP
AND WE CAN TAKE A CLOSER LOOK AT HOT. 
          BUT ALSO, AS I MENTIONED BEFORE, THERE MAY BE SOME OTHER APPROACHES THAT WE CAN TAKE TO
AVOID THE GENERAL FUND HIT ON THE OPERATION COST OF THE FACILITY. 
          WOULD STAFF BE ABLE TO PUT IN ADDITIONAL SALES TAX REVENUES,
AS WE WERE TALKING ABOUT EARLIER TO RUN THAT PROJECTION. 
          AND I WANT TO MAKE SURE I UNDERSTAND YOUR QUESTION DEPUTY MAYOR PRO TEM,
ARE YOU JUST TALKING ABOUT WHAT WE SEE AS FUTURE SALES TAX REVENUES COMING IN TO OFFSET THAT DEFICIT? SO WHAT IF WE HAVE THE PROGRAMING,
AS WE DISCUSSED TONIGHT AT THE FACILITY, PEOPLE COMING IN FOR A SHOW, EATING DINNER DOING A LITTLE SHOPPING,
WHATEVER. 
          DO WE HAVE A WAY TO ESTIMATE THE ECONOMIC IMPACT TO THE TOWN BASED ON PEOPLE COMING IN TO
SEE THOSE SHOWS. 
          SPECIFIC TO THE FACILITY AND OUR LOCATION? YES,
SIR. 
          I THINK THAT'S JUST SOMETHING THAT WE'RE GOING TO HAVE TO HAVE A CONVERSATION ABOUT THAT
MIGHT BE IN THAT ADDITIONAL SCOPE THAT WE'VE TALKED ABOUT THAT WE NEED TO PURSUE. WELL, IT'S OUR SALES TAX OF 3.6 MILLION IN SALES. I'M SORRY,
CAN YOU REPEAT THAT. 
          3.6 MILLION IN SALES IS WHAT WE'RE PROJECTING AS INCREASED SALES IN THE AREA. 
          SO IT'S OUR SALES TAX PERCENTAGE OF THAT. OKAY. 
          THAT'S 72 K OKAY. SO I'M NOT AS CONCERNED RIGHT NOW ABOUT THE OPERATIONAL DEFICIT. 
          I MEAN, OBVIOUSLY, WE WANT TO AVOID EXACERBATING ANY AD VALOREM CHALLENGES THAT WE HAVE. 
          SO IF THERE'S OTHER SOLUTIONS LIKE HOT TAX THAT COULD BE USED TO PLUG THAT. 
          BUT I THINK IN THE SHORT TERM, WE HAVE TO CONSIDER WHETHER OR NOT WE WANT TO MAKE THE
INITIAL INVESTMENT. 
          AND SO THE ONLY PATHWAY THAT I REALLY CAN'T SUPPORT IS MAKING,
YOU KNOW, ISSUING THE TANS, THE TAX ANTICIPATION NOTES FROM THE TIRZ FOR THE ART CENTER AND THEN TURNING AROUND AND
SENDING A VATRE TO THE VOTERS. 
          BECAUSE THAT TO ME, THOSE ARE THEY'RE JUST INCOMPATIBLE. 
          IF WE'RE IN A FINANCIAL SITUATION THAT REQUIRES A VATRE,
WELL, WE HAVE THE SOLUTION SITTING RIGHT IN FRONT OF US. 
          IT'S PUSHING THE STOP BUTTON, AND THAT SOLVES THE PROBLEM. 
          BUT I HAVEN'T SEEN ENOUGH FROM JOHN'S PRESENTATIONS TO BELIEVE THAT WE CAN'T PUNT ON THE
VATRE, AND WE CAN WAIT FOR THE SALES TAX TO COME ONLINE FOR MONARCH. 
          AND MAYBE, YOU KNOW, SOME OF THE OTHER NEW PROJECTS THAT ARE CLOSE AROUND 407 AND 2499
THAT MIGHT SOLVE A LOT OF THESE PROBLEMS. 
          [02:50:07]
SO I WOULD BE A GO IF I FELT LIKE WE WERE ALL IN AGREEMENT THAT WE COULD PUSH THE VATRE
OUT AT LEAST A COUPLE THREE YEARS, WAIT FOR THE SALES TAX TO COME ONLINE AND HAVE THAT CONFIDENCE THAT WE CAN,
YOU KNOW, DO WHAT IT TAKES AND TAKE OUR MEDICINE HONESTLY, BECAUSE WE'RE MAKING A DECISION. WE'RE DECIDING TO MAKE THE INVESTMENT HERE AND SUFFER
EVERYWHERE ELSE. 
          AND I JUST I DON'T KNOW THAT I HAVE QUITE ENOUGH CLARITY ON THAT,
BUT I THINK THAT FROM WHAT I'VE SEEN SO FAR, I COULD SUPPORT THAT PATHWAY. I'M JUST NOT TOTALLY CONFIDENT THAT EVERYONE ELSE ON COUNCIL
SUPPORTS ME. 
          AND I KNOW THAT THAT GIVES YOU SOME CONCERNS,
BUT I THINK THAT'S THE ONLY REAL OPTION THAT WE HAVE OR STOP. 
          WELL, IT'S THE INTERESTING THING ABOUT THIS CONVERSATION. 
          IT'S KIND OF COMPLEX AND SIMPLE AT THE SAME TIME. 
          AND THEN IT JUST ULTIMATELY IT COMES DOWN TO A CHOICE. 
          AND PART OF WHAT WE TALKED ABOUT IS, IS THAT,
YOU KNOW, FROM THE VERY BEGINNING OF THIS FINANCIAL DISCUSSION THAT WE'VE HAD IS THAT IF WE WANT TO MAINTAIN THE SALES TAX, THAT'S WHEN A VATRE IS INEVITABLE BECAUSE IN ESSENCE,
YOU WANT TO MAINTAIN THAT SERVICE LEVELS. 
          ULTIMATELY, WE CAN MAKE CUTS. THAT'S ALWAYS AN OPPORTUNITY. 
          THAT'S ALWAYS AN OPTION. WE DON'T HAVE TO DO A VATRE. 
          AND SO IF WE MOVE FORWARD WITH THIS PROJECT AND WE SAY WE'RE NOT GOING TO EXPLORE VATRE,
THEN THE CONVERSATIONS AND AGAIN, I WANT TO STRESS, NOT FOR FISCAL YEAR 27, NOT THIS UPCOMING BUDGET. 
          WE'RE GOING TO BASICALLY ROLL THE WAY THAT WE HAVE THIS PAST CURRENT YEAR GOING INTO NEXT
FISCAL YEAR. 
          WHAT WE'RE DOING IS PREVIEWING A CONVERSATION THAT WE'LL HAVE A YEAR FROM NOW. 
          AND THEN AT THAT POINT, THAT'S WHEN THE DECISION IS MADE. AND THEN ULTIMATELY,
AND THE THING PEOPLE HAVE TO REMEMBER A VATRE HAS TO BE APPROVED BY THE VOTERS, WE STILL HAVE TO PUT TOGETHER THAT BUDGET THAT ACHIEVES KIND OF WHAT YOU'RE TALKING ABOUT, WHERE WE'RE CUTTING SERVICE LEVELS BACK AND WE'RE TRYING TO FIT UNDERNEATH THAT 3.5% CAP. 
          WE'RE STILL GOING TO PUT THAT [INAUDIBLE] TOGETHER. WE DON'T HAVE TO DO A VATRE. AND SO IN
ESSENCE, WHAT I WANT TO BE VERY CLEAR ABOUT IS, IS THAT IF WE MOVE FORWARD WITH THE PROJECT AND A
DECISION THAT WE DON'T WANT TO ENTERTAIN A VATRE THAT'S A POLICY DECISION Y'ALL HAVE THE FULL RIGHT TO MAKE. AND AS A STAFF, WHAT WE WOULD HAVE TO DO IS SHOW YOU WHAT DOES THAT
LOOK LIKE? WHAT DO WE HAVE TO DO WITHOUT? WHAT ARE WE GOING TO HAVE TO PULL BACK? AND WHAT WE'RE TRYING TO DEMONSTRATE IS, IS THAT OVER THE LAST FEW YEARS,
WE'VE KIND OF REACHED THAT LIMIT ON THE THINGS THAT WE CAN CUT, THE EFFICIENCIES THAT WE CAN GAIN. NOW, IT'S GOING TO HAVE TO BE CONSCIOUS DECISIONS ON
WHAT WE PULL BACK ON, AND THAT'S FINE. THAT'S A THAT'S A DECISION THAT'S WELL WITHIN OUR RIGHTS AND IT'S
DECISIONS THAT A LOT OF MUNICIPALITIES MAKE. 
          AND SO AS WE MOVE FORWARD WITH THIS PROCESS,
WE CAN CERTAINLY DO THAT MOVING FORWARD. 
          BUT, YOU KNOW, AGAIN, I THINK THAT THAT IS POLICY DIRECTION THAT YOU GUYS WOULD MAKE AND
GIVE TO US. 
          AND YOU SAID THAT WE DON'T WANT TO ENTERTAIN A VATRE BECAUSE WE'RE MOVING FORWARD WITH THE
PROJECT. THAT'S THE DIRECTIVE THAT WE HAVE AND THAT'S HOW WE WILL PROCEED. YEAH, I JUST WANT TO SEE THAT MODEL IF IT'S POSSIBLE, AND MAYBE WE CAN FACTOR IN SOME TIMELINES FOR
WHEN WE THINK SALES TAX INCREASES WILL COME ONLINE OUT WEST AND GET A SENSE OF THAT. AND THAT WOULD GIVE ME ALL THE INFORMATION I NEED. 
          OKAY. AND THE ONE THING THAT I CAN STRESS IS,
IS THAT, YOU KNOW, A LOT OF PEOPLE HAVE STRONG REACTIONS TO THIS CONVERSATION, BUT WE'RE A YEAR IN ADVANCE. WE HAVE A WHOLE OTHER YEAR. 
          SO, YOU KNOW, AS WE PUT TOGETHER THE FY 27 BUDGET,
WHEN WE GO INTO OCTOBER, GUESS WHAT? THESE ARE WHERE WE START HAVING THESE CONVERSATIONS AND TALKING ABOUT WHAT DOES THAT LOOK
LIKE? WHAT'S THE IMPACTS? WHAT, CAN PEOPLE ASSUME IS GOING TO HAPPEN IF WE PULL BACK CERTAIN SERVICE LEVELS? SO THAT IS A, THAT'S A CONVERSATION WE'RE GOING TO HAVE OVER THE
NEXT 12 MONTHS. OKAY. 
          YEAH. I AGREE WITH WHAT THEY'RE SAYING. I WANT TO UNDERSTAND HOT TAX,
LONG TERM IMPACTS OF THE TIRZ AND HOW THAT IMPACTS OUR BUDGET AS WELL AS LONG TERM PROJECTIONS FOR OUR TOWN'S BUDGET. AND IF THERE ARE CUT OPTIONS,
UNDERSTAND WHAT THAT LEVEL IS. 
          ONE OF THE FIRST ITEMS THAT WE WOULD PROPOSE TO BE CUT. 
          AND WHAT I'LL, WHAT I WILL SHARE WITH YOU ALL,
AND THIS IS WHERE IT GETS RELATIVELY SIMPLE BECAUSE AGAIN, WE HAVE TO BUILD TWO BUDGETS. IF WE'RE EVEN IF WE'RE CONTEMPLATING A VATRE NEXT YEAR FOR
FY 28, YOU'RE GOING TO BUILD A BUDGET TO THAT 3.5% OR WHEREVER WE LAND ULTIMATELY. 
          AND THEN THAT VATRE'S, THAT PIECE, YOU'LL GET A SENSE OF WHAT'S ABOVE THAT FUNDING LINE
AND WHAT'S BELOW IT. SO IT'S PRETTY CLEAR GOING INTO IT AND UNDERSTANDING WHAT IT LOOKS LIKE. AND SO YOU WILL GET THAT JUST BY VIRTUE OF HOW THE PROCESS WORKS. 
          OKAY, GOOD. SO MY THOUGHT HERE IS THIS PROJECT AND A POTENTIAL VATRE DOWN THE ROAD ARE NOT
REALLY TIED TOGETHER. 
          THE STATE LEGISLATURE HAS THIS IS THE WAY TOWN GOVERNMENTS AND FINANCING IS DESIGNED TO
WORK BY THE STATE. 
          AND WHEN YOU'RE IN A TIME OF INFLATION, LIKE WE HAVE BEEN WITH DEPRESSED HOME PRICES THAT
HURTS OUR AD VALOREM TAXES. 
          SO, YOU KNOW, WHEN THESE PERFECT STORMS HAPPEN,
LIKE WE'RE SEEING NOW, YOU KNOW, WE MIGHT NEED A VATRE WHETHER OR NOT WE DO THE ART CENTER OR NOT. I DON'T, I'M NOT A FAN OF ENDING THE TIRZ. 
          I THINK THAT'S A VERY LONG TERM SOLUTION TO A SHORT TERM PROBLEM. 
          BECAUSE I THINK, AS WE ALL HAVE DISCUSSED, HERE IN A COUPLE OF YEARS. 
          ONCE WE HAVE MORE COMMERCIAL COMING ONLINE, MORE SALES TAX REVENUE,
HOME PRICES START TO GO BACK UP, 
          [02:55:01]
MORE HOMES ON THE ROLLS. YOU KNOW, I THINK THIS PROBLEM SELF-CORRECTS HERE IN A FEW YEARS. 
          AND SO I DON'T WANT TO HAVE A PROBLEM OR SOLVE A PROBLEM WITH A SOLUTION THAT'S GOING TO
HAVE A LONGER TERM IMPACT. 
          WHEN THIS ART CENTER HAS BEEN A PRIORITY FOR OUR RESIDENTS FOR A NUMBER OF YEARS,
AND WE'VE COME A LONG WAY AND I DON'T WANT TO SEE THAT MOMENTUM STOPPED. 
          YOU KNOW, I UNDERSTAND THERE'S SOME OTHER DATA POINTS WE WANT TO LOOK AT AND I'M GOOD WITH
THAT. 
          BUT I THINK I'M IN FAVOR OF OR I, LET ME REPHRASE THAT. 
          I AM IN FAVOR OF MOVING FORWARD. I THINK WE NEED TO ANSWER A FEW MORE QUESTIONS,
AS MENTIONED EARLIER BY OTHER COUNCIL MEMBERS, BUT ONCE WE CAN ANSWER THOSE QUESTIONS, I THINK WE OUGHT TO MOVE FORWARD WITH THIS. 
          BRIAN, DID YOU SAY THAT YOU WOULD GO FORWARD? YOU'D MOVE FORWARD, BUT YOU STILL WANT TO KEEP THE VATRE AS AN OPTION FOR THE FOLLOWING
YEAR THAT YOU WOULD STILL WANT TO HAVE THAT CARD TO PLAY. 
          IF YOU, YOU WOULD SUPPORT THIS NOW AND THEN NEXT YEAR,
A VATRE ALSO, IF YOU FELT LIKE THAT THE SITUATION REQUIRED THAT. 
          I DON'T WANT TO TAKE ANY OPTIONS OFF THE TABLE. I DON'T WANT TO HANDCUFF US. 
          AND THAT'S, I THINK WE, YOU AND I SEE IT A LITTLE DIFFERENTLY. 
          I DON'T SEE HIM TIED TOGETHER. YEAH. BECAUSE I SEE IF WE HIT PAUSE ON THIS AND SAY,
HEY, LET'S WAIT 2 OR 3 YEARS UNTIL THAT SALES TAX REVENUE COMES IN, AND THEN WE REENTER THIS DISCUSSION AND START TO MOVE FORWARD WITH THE ART CENTER. 
          YOU KNOW, IN THAT IN THE INTERIM, IN THAT PERIOD,
WE STILL MIGHT HAVE HAD TO ENTER INTO A VATRE IF WE AS A COUNCIL DECIDE WE THE LEVEL OF CUTS THAT WOULD BE REQUIRED TO MAINTAIN THE TAX RATE AREN'T ACCEPTABLE TO US. 
          YEAH, NO, I DEFINITELY UNDERSTAND THAT. I JUST I GUESS WHAT I'M SAYING IS THAT I IT'S,
YOU KNOW, WE GOT TO TAKE THE FLOATIES OFF AND EITHER JUMP IN THE POOL OR NOT. 
          AND I GUESS WHAT I'M IF WE'RE GOING TO SUPPORT IT FOR ME,
THE VATRE HAS TO BE OFF THE TABLE. 
          LIKE WE CAN'T DO TURN AROUND AND DO A VATRE BECAUSE THAT IS A BETRAYAL TO ME FROM MY
PERSPECTIVE. 
          AND THEN I THINK WE'RE GOING TO HAVE A REALLY GET A REALLY POOR RESPONSE FROM THE
LEGISLATURE FOR DOING THAT AND THAT I DON'T REALLY WANT TO HAVE TO DEAL WITH THAT. 
          SO I AM LOOKING FOR A COMMITMENT FROM COUNCIL THAT WE WON'T DO A VATRE FOR A COUPLE OF
YEARS, AT LEAST IF WE MOVE FORWARD WITH THIS. SO JUST FOR WHAT THAT'S WORTH,
I JUST WANT TO MAKE SURE THAT YOU'RE CLEAR ON THAT BECAUSE THAT MAKES ME A STOP. 
          IF THE REST OF COUNCIL IS LIKE, OH, WE'LL DO IT,
BUT WE STILL WANT TO DO THE VATRE THE FOLLOWING YEAR, MAYBE THEN I'M GOING TO HAVE TO NOT. 
          I'M GOING TO HAVE TO BE A NO, BECAUSE I DON'T WANT TO TURN AROUND AND DO THAT. 
          IT HAS TO BE ONE OR THE OTHER. SO I'M JUST LETTING YOU KNOW THAT BECAUSE I JUST WANT TO
MAKE SURE WE'RE ALL ON THE SAME PAGE. 
          I'M NOT READY TO SAY YES OR NO TO A VATRE. THAT'S FINE. 
          AND AS YOU MENTIONED EARLIER, WE DON'T HAVE ENOUGH DATA YET. AND AS JAMES MENTIONED,
THAT'S A YEAR DOWN THE ROAD. SO I DON'T WANT TO HANDCUFF US WITHOUT ALL THE INFORMATION. 
          RIGHT. WELL, I THINK WHAT YOU'RE SAYING IS YOU'RE CONCERNED ABOUT HAVING TO HAVE A VATRE,
REGARDLESS OF WHETHER WE HAVE THE CULTURAL ARTS CENTER OR NOT, YOU'RE JUST CONCERNED ABOUT SOME OF THE LEGISLATIVE RESTRICTIONS THAT WE HAVE. 
          IT SOUNDS LIKE I MEAN, THAT'S NOT YOU'RE NOT TYING THOSE TWO TOGETHER AT ALL. 
          BUT I THINK THAT'S WHAT STAFF IS GOING TO DO IS THEY'RE JUST YOU'RE PRESENTING THOSE TWO
BUDGETS BASED ON NOT HAVING THE CULTURAL ARTS CENTER AND HAVING IT. 
          CORRECT. SAY IT ONE MORE TIME. YOU'RE GOING TO ESTABLISH TWO BUDGETS FOR US TO LOOK AT. 
          CORRECT. THAT'S JUST PART THAT'S THAT IS LITERALLY HOW THE PROCESS WORKS. 
          YOU BUILD A BUDGET UP TO THE VOTER APPROVAL RATE,
AND THEN THE VATRE IS EVERYTHING THAT EXCEEDS THAT AMOUNT. 
          SO WE'RE GOING TO BUILD A BASE BUDGET REGARDLESS. 
          AND SO IN ESSENCE, WHAT I'M SAYING IS, IS THAT THAT BASE BUDGET WOULD REFLECT THE SERVICE
LEVEL CUTS. 
          IN ESSENCE, THAT'S GOING TO COME WITH IT. YEAH,
THAT MAKES SENSE. 
          YEAH. WELL, AND THAT'S KIND OF THE POINT, RIGHT,
IS WE HAVE TO LOOK AT TWO OPTIONS DOWN THE ROAD, WHETHER THEY SENT IT TO THE VOTERS OR NOT. IF WE SEND IT TO THE VOTERS,
THEY PICK WHICH BUDGET THEY WANT US TO USE. 
          IF WE DON'T SEND IT TO THE VOTERS, DON'T HAVE A VATRE,
THEN WE PICK ONE OF THE TWO BUDGETS THAT THE TOWN PRESENTS. 
          AND I'M SORRY, SIR. GO AHEAD. NO, I WAS JUST GOING TO SAY. 
          BUT IF WE GO BACK TO THE TIRZ, WE EXTENDED THE TIRZ A COUPLE OF YEARS AGO. 
          THE COUNTY AGREED WITH US TO DO THAT. WE REDUCED THE CONTRIBUTION WITH THE EXPLICIT GOAL
OF HAVING AN ART CENTER. 
          AND SO IT'S NOT LIKE WE'RE ROBBING MONEY FROM THE GENERAL FUND TO FUND THIS. 
          AND I HATE TO PUT YOU OR JOHN ON THE SPOT, BUT BASED ON THE FUNDS THAT WE HAVE IN THE
TIRZ, THE PROJECTIONS, I THINK WE CAN AFFORD IT. AND IT'S A RESPONSIBLE SPENDING BASED ON THAT
CRITERIA. 
          NOT ASSOCIATING THAT WITH THE OTHER GENERAL FUND ITEMS IS THAT I DON'T WANT TO PUT WORDS
IN YOUR MOUTH. 
          SO I MEAN, SO YES, THE BIG QUESTION IS, IS THAT YOU'RE ASKING ME,
COULD CAN WE AFFORD THIS FACILITY TO CONSTRUCT IT? AND THE ANSWER IS YES. AND THAT'S BECAUSE WE HAVE A FUNDING SOURCE IDENTIFIED AND FUNDS
AVAILABLE TO DO IT. 
          NOW, SHOULD WE DO IT? THAT'S A COUNCIL QUESTION. 
          BUT AS FAR AS JUST ARE THE FUNDS BEING IDENTIFIED TO BUILD THE CONTEMPLATED FACILITY? YES. IT HAS. AND THAT'S IN THE TIRZ, AS WE TALKED ABOUT WITH A TAX ANTICIPATION NOTE THAT
ALLOWS YOU TO START BUILDING THE FACILITY. 
          [03:00:06]
AND DURING THE COURSE OF THE SEVEN MONTHS, YOU CAN PAY OFF THE DEBT SERVICE ASSOCIATED
WITH THAT AND BE FREE AND CLEAR OF IT AT THAT POINT. BUT AGAIN, I WANT TO BE FAIR TO THE OTHER SIDE IS, IS THAT THE REVENUES FROM THE TIRZ CAN COME OVER
TO THE GENERAL FUND AND PROVIDE ADDITIONAL REVENUE. 
          WELL, OKAY, IT SOUNDS LIKE YOU HAVE THE INFORMATION THAT YOU NEED,
UNLESS. CLARE AND JANVIER HAVE ANYTHING ADDITIONAL THEY WANT TO ADD JUST TO BE REASSURED THAT. SO YEAH, THE INFORMATION I WANT TO KNOW AS WELL IS HOW DO WE COVER THAT DEFICIT
WITHOUT IT BEING COVERED FROM THE GENERAL FUND? OKAY. BECAUSE WE CAN [INAUDIBLE] TO BUILD IT,
BUT CAN WE AFFORD TO OPERATE IT WITHOUT GOING INTO THE GENERAL FUND? OKAY. 
          THAT'S HELPFUL. THE ONE THING THAT I WILL WE'LL JUST SHARE ABOUT THIS BECAUSE AGAIN,
A LOT OF FOLKS ARE PAYING ATTENTION TO THIS CONVERSATION. 
          AND THAT'S INHERENTLY NOT A BAD THING. BUT THE THING I WANT TO STRESS ABOUT WHAT WE'RE
DEALING WITH, AND I'M NOT GOING TO WHINE AND COMPLAIN ABOUT IT. THE PROCESS IS THE PROCESS. 
          AND WHAT I WANT TO SHARE WITH EVERYBODY. THIS IS THE INTENT GOAL OF SB 2. 
          THEY WANT TO PUSH THINGS TO THE VOTERS, AND THAT'S WHAT THAT'S WHERE WE'RE AT RIGHT NOW. 
          AND THE WAY YOU DON'T PUSH THINGS TO THE VOTERS IS YOU CUT THE SERVICE LEVELS,
THE STANDARD AT 3.5%. 
          AND SO, I MEAN, IN ESSENCE, IF YOU GO TO ANY LEGISLATOR TO PASS THIS BILL,
THIS IS THE CONVERSATIONS THEY WANT US TO HAVE. 
          SO AGAIN, IT'S NOT A BYPRODUCT OF, YOU KNOW,
ANYTHING WRONG. 
          IT'S JUST THE PROCESS AND THE WAY IT'S BEEN DESIGNED. 
          AND SO, YOU KNOW, AS WE MOVE FORWARD, WE'LL HAVE NUMEROUS CONVERSATIONS ABOUT THAT
PARTICULAR PIECE OF IT GOING TO FY 28. 
          BUT FOR NOW, I THINK I HAVE THE DIRECTIVES, AND OBVIOUSLY I HAVE THE VIDEO. 
          I CAN GO BACK AND TAKE A LOOK AT IT TOMORROW AND MAKE SURE I DON'T MISS ANYTHING. SO WHAT
WE'LL DO IS, IS THAT WE'LL GO BACK AND HUDDLE AS A STAFF. AND WHEN WE COME BACK ON THE 20TH,
WE'LL PUT AN ITEM TOGETHER TO GIVE ANY UPDATES THAT WE HAVE OR IF THERE'S ANY ACTION THAT WE NEED TO TAKE TO INCREASE THE SCOPE TO LOOK AT SOME OF THOSE COMPONENTS,
WE'LL TAKE A LOOK AT AT THAT TIME TOO IF THAT WORKS FOR YOU ALL. 
          ALL RIGHT. THANK YOU, I APPRECIATE IT. THANK YOU SO MUCH,
JAMES. THANK YOU. OKAY. 
          THE TIME IS NOW 9:10. THE TOWN COUNCIL WILL CONVENE INTO A CLOSED MEETING PURSUANT TO
TEXAS GOVERNMENT CODE, 
          [N. CLOSED MEETING]
CHAPTER 551, SECTIONS 071, 072, 074 AND 087. 
          WE'LL RETURN AFTER THE CLOSED SESSION. GOOD EVENING FLOWER MOUND. 
          [O. RECONVENE]
THE TIME IS NOW 11:28 AND WE ARE RECONVENING INTO AN OPEN SESSION. 
          THERE IS ONE MOTION TO BE TAKEN AS A RESULT OF THE CLOSED SESSION. 
          IF ANYONE WANTS TO MAKE A MOTION. YEAH, I MOTION TO AUTHORIZE STAFF TO PURCHASE RIGHT OF
WAY PROPERTY IN ASSOCIATION WITH THE SCENIC ROAD PROJECT, AND NEGOTIATE FOR THE PURCHASE OF THE RIGHT OF WAY PROPERTY UP TO THE SETTLEMENT AMOUNTS
AND AUTHORIZATION OF TOWN MANAGER OR HIS DESIGNEE TO CLOSE. 
          SECOND. THE RIGHT OF WAY PROPERTY SO THE SETTLEMENT BE REACHED TO PAY ALL COSTS ASSOCIATED
WITH SAID CLOSING IN ADDITION TO THE PURCHASE PRICE OF THE RIGHT OF WAY PROPERTY AND EXECUTE ALL NECESSARY DOCUMENTS AT CLOSING ON BEHALF OF THE TOWN. 
          OKAY. SECOND. OKAY. WE HAVE A MOTION AND A SECOND. 
          COUNCIL MEMBER DREW. AYE. MAYOR PRO TEM SCHIESTEL. 
          AYE. COUNCIL MEMBER HARRIS. AYE. DEPUTY MAYOR PRO TEM TAYLOR. 
          AYE. COUNCIL MEMBER WARNER. AYE. OKAY. ITEM FOUR RIGHT OF WAY. 
          PASSES BY UNANIMOUS VOTE. WELL, FLOWER MOUND,
IT'S 11:29. THIS MEETING IS ADJOURNED. GOOD NIGHT FLOWER MOUND.
* This transcript was compiled from uncorrected Closed Captioning.