[5B. Update from the City Council and Management: Financial Position, Major Projects, Operational Issues, Upcoming Dates of Interest and Items of Community Interest.]

THANK YOU FOR RECOGNIZING THEM WE APPRECIATE THEM IMMENSELY.

WE WILL MOVE TO THE NEXT ITEM WHICH IS ITEM 5B. UPDATE FROM THE CITY COUNCIL AND MANAGEMENT: FINANCIAL POSITION, MAJOR PROJECTS, OPERATIONAL ISSUES, UPCOMING DATES OF INTEREST AND ITEMS OF COMMUNITY INTEREST.

>> MAYOR: WOULD ANYONE LIKE TO SPEAK?

MR. COUNCIL MEMBER SHERRILL? >> COUNCIL MEMBER: THIS SATURDAY WE WILL HAVE A COMMUNITY TAKE BACK A.

THAT'S VIA THE RCC FROM 10:00 TO 2:00.

COME ON BY AND GET RID OF ALL THOSE EXTRA PRESCRIPTIONS THAT YOU DON'T NEED OR THE SHARPS THAT YOU DON'T WANT TO GET RID OF, WE CAN TAKE THOSE, TOO. IT'S SPONSORED BY THE ROWLETT POLICE DEPARTMENT AND I JUST TAG ALONG.

>> MAYOR: THANK YOU. COUNCIL WOMAN BROWN?

>> COUNCIL WOMAN BROWN: KEEP ROWLETT BEAUTIFUL WILL BE THIS SATURDAY MORNING FROM NINE AM TO ONE P.M. THE STILL PLENTY OF TIME TO VOLUNTEER . WE WILL FOLLOW ALL THE SAFETY PROTOCOLS SHOULD WE HAVE SEVERAL DIFFERENT LOCATIONS TO BE CLEANED UP IN OUR CITY. AND SO, YOU CAN VOLUNTEER BY GOING TO KEEP ROLL IT BEAUTIFUL .ORG THIS COMING SATURDAY.

I ALSO WANT TO REMIND EVERYONE THAT OUR ELECTRONICS RECYCLING

[00:10:05]

AND DOCUMENT SHREDDING EVENT WELCOME UP ON MAY 8.

THE FIRST THREE BOXES OF SHREDDING ARE FREE.

EVERY BOX THEREAFTER IS $5 EACH.

THIS IS A GREAT EVENT THAT WE HAVE A LOT OF DISSIPATION IN SO SAVE ALL OF THOSE ELECTRONICS AND YOUR DOCUMENTS FOR MAY 8 AT THE ROWLETT HIGH SCHOOL FROM PARKING LOT.

IT IS A DRIVE-THROUGH EVENT WILL HAVE PEOPLE THERE TO UNLOAD YOUR ELECTRONICS AND DOCUMENTS FOR YOU.

>> MAYOR: THANK YOU VERY MUCH. ANYONE ELSE? ONE THING I WANTED TO MENTION IS APRIL IS VOLUNTEER APPRECIATION MONTH AND THIS IS THE MONTH WHERE WE USUALLY HOLD OUR VOLUNTEER APPRECIATION BANK IT.

UNFORTUNATELY THIS WILL BE THE SECOND YEAR IN A ROW THAT WE WON'T BE ABLE TO HOLD THAT BANK.

I HAVE HIGH HOPES WE WILL BE ABLE TO HOLD IT AGAIN NEXT YEAR. I WANT TO MAKE SURE THAT WE PUBLICLY RECOGNIZE ALL OF OUR WONDERFUL VOLUNTEERS THAT WE HAVE FOR OUR CITY BOARDS AND COMMISSIONS, INDIVIDUALS THAT HELP DAY IN AND DAY OUT FOR THE CITY, ORGANIZATIONS THAT HELP SO MUCH AND ALSO WANT TO MENTION THAT WE DID RECOGNIZE, EVEN THOUGH WE WE'RE ABLE TO DO THIS IN A BANQUET FORM THIS YEAR, WE WE'RE ABLE TO RECOGNIZE INDIVIDUALS INDIVIDUALLY THROUGH A LETTER OF APPRECIATION AND LAURA HAD THIS MAGNET DESIGNED OR SHE DID IT HERSELF A REFRIGERATOR MAGNET. I LOVE ROWLETT, I HEART ROWLETT AND IS A PICTURE OF THE WATER TOWER IT'S A BEAUTIFUL MAGNET.

WE WERE ALSO ABLE TO PROVIDE THEM WITH A GIFT CARD OF THEIR CHOICE OF OUR FAVORITE IN TOWN RESTAURANTS TO PERSONALIZE THAT A LITTLE BIT. WE WE'RE ABLE TO RECOGNIZE THOSE INDIVIDUALS THIS YEAR AND I HAVE HIGH EXPECTATIONS WE WILL HOLD THE VOLUNTEER APPRECIATION BANQUET AGAIN NEXT YEAR. ANY OTHER ANNOUNCEMENTS?

COUNCIL WOMAN BELL? >> COUNCIL WOMAN BELL: DON'T FORGET IT IS KIP FITCH THIS WEEK IN THE MORNING TIME AND I THINK IT GOES OVER TO THE EVENINGS AND AFTERNONS.

ALSO VOTE REGATTA IS THIS SATURDAY ALSO.

>> MAYOR: KID FISH STARTS AT 9:00 AND THE CARDBOARD VOTE REGATTA STARTS AT 1:00. THANK YOU.

ALL RIGHT. THOSE ARE ALL THE ANNOUNCEMENTS? VERY GOOD.

[6. CITIZENS’ INPUT]

WE WILL MOVE TO OUR 6. CITIZENSB TO PROVIDE COMMENT FOR THE MEETING, PLEASE SEND AN EMAIL TO CITIZENINPUT@ROWLETT.COM BY 3:30 P.M. THE DAY OF THE MEETING. PLEASE STATE WHETHER YOUR COMMENT IS REGARDING A SPECIFIC AGENDA ITEM OR A GENERAL COMMENT TO THE COUNCIL.

YOUR COMMENT WILL BE READ INTO THE RECORD DURING THE MEETING (MUST BE WITHIN THE 3-MINUTE TIME LIMIT). THERE WILL BE NO COMMENTS TAKEN DURING THE MEETING. I HAVE SEVERAL CITIZENS COMMENTS ON THE WORK SESSION ITEM WHICH YOU CAN VIEW ONLINE.

WE HAVE ONE CITIZEN INPUT FOR THIS SECTION.

THIS IS FROM CHELSEA MCGUIRE. " IF YOU BUILD IF THEY WELCOME" IT WILL NEVER STOP. I AM OPPOSED TO THE PROPOSED EXPANSION OF DALROCK ROAD AND 66 FOR 3 REASONS.

FIRST, BEING PEDESTRIAN SAFETY. THE CURRENT PROPOSAL WILL TRANSFORM DALROCK ROAD AND 66 TO FUNCTION LIKE DALROCK ROAD AND 66 AND IF YOU'VE EVER SAT AT THAT INTERSECTION AND WATCH THE TRAFFIC FLOW BECOMES APPARENT THAT WALK ABILITY AND PEDESTRIAN SAFETY HAVE BEEN SET ASIDE FOR THE SAKE OF NUCLEAR TRAFFIC . THE PROPOSAL FOR TIA AND 66 WILL INEVITABLY HAVE THE SAME RESULT. I LIVE AT DALROCK ROAD AND 66 AND KNOW THAT THAT INTERSECTION HAS FAR MORE TRAFFIC THAN 66.

PEOPLE WALK ACROSS THE CENTER SECTION TO THE LEAF EDGE GROCERIES AND MANY OFTEN WALK TO WORK.

CHILDREN VISIT GROCERY STORES, DOLLAR STORES AND VARIOUS FAST FOOD RESTAURANTS. I CANNOT EXPRESS HOW DESTRUCTIVE THIS PLAN WILL BE FOR PEOPLE WHO LIVE IN THE AREA WHICH BRINGS ME THE SECOND POINT TO THE AREA OF CONSIDERATION IS ON THE EDGE OF TOWN PRACTICALLY.

I DO NOT BELIEVE THAT THERE TO BE ANY URGENCY IN EXPANDING AN INTERSECTION FOR THE SAKE OF COMMUTERS DRIVING THROUGH OUR CITY PRIMARILY ON THEIR WAY TO AREAS EAST.

RUSH-HOUR WILL ALWAYS BE RUSH-HOUR NO MATTER HOW BIG WE BUILD THE ROADS. INTERSTATE 30 WILL SOON HAVE A MAJOR OVERHAUL AND IS IMPORTANT THAT WE ASK FOR STALLS IF IT'S IMPORTANT TO BUILD OUT THE COMMUTERS TO BYPASS I 30.

EVENTUALLY WE WILL HAVE MORE TRAFFIC ON 66 THAT WILL NEVER CEASE. WHAT DO WE GET OUT OF IT? IT IS NOT IN THE CITY OF ROWLETT OR THE RESIDENTS BEST INTEREST AND I THINK THE MONEY CAN BE UTILIZED IN OTHER

[00:15:02]

PLACES. SPEAKING OF WAYS TO DO THAT, MY THIRD POINT IN 2011 WE LOCALS VOTED ON THE REALIZED ROWLETT PLAN AND IT WAS THE INTERSECTION DIRECTLY EAST OF SCENIC AND 66 NOTICED AS HEALTHY LIVING AREA WAS TO EMPHASIZE ON TRAILS, EXERCISING AND LIKE YARD VISITS AND WATER TAXIS. THE GOAL OF GETTING OUT WITH THE FAMILY AND SPENDING TIME IN NATURE SAFELY.

IN FACT THE BARGAINING CHIP THAT THE CITY'S SAID US VOTERS IS THAT WE WOULD HAVE A SAFE PLACE TO LIVE WITHIN WALKING DISTANCE. NOW YOU WANT TO PUMP MORE TRAFFIC IN THE AREA WITHOUT CONSIDERING THE RESIDENCE DESIRES IN EUROPE PREVIOUS COMMITMENT.

IT'S IMPOSSIBLE TO PACK THOSE THROUGH COMMUTERS, PROVIDE PUBLIC SAFETY AND REALIZE ROWLETT SIMULTANEOUSLY.

IT IS NOT TOO LATE, PLEASE RECONSIDER.

THAT IS OUR ONLY CITIZEN INPUT ITEM.AND, WE ACTUALLY HAVE AN ITEM ON THE AGENDA REGARDING THE INTERSECTION.

[7. CONSENT AGENDA]

SO, AT THIS TIME WE WILL BE MOVING TO OUR CONSENT AGENDA A SERIES OF ITEMS THAT WILL BE CONSIDERED IN ONE-VOTE.

AND, ITEM 7C HAS BEEN REMOVED AT THE REQUEST OF COUNCIL MEMBER MARGOLIS IF YOU CAN READ THE REMAINING ITEMS INTO THE

RECORD? >> SPEAKER: 7A. CONSIDER APPROVING THE MINUTES. CONSIDER?ACTION TO?APPROVE?MINUTES FROM THE?FOLLOWING CITY COUNCIL MEETING(S):? APRIL 6, 2021 REGULAR MEETING. 7B. CONSIDER A RESOLUTION APPROVING A CONTRACT FOR WASTEWATER SERVICES.

CONSIDER ACTION TO APPROVE A RESOLUTION ADOPTING A NEW WASTEWATER TREATMENT CONSIDERATION.

CONTRACT WITH THE CITY OF GARLAND FOR WASTEWATER SERVICES. 7D. CONSIDER A RESOLUTION AUTHORIZING AN AMENDED ESCROW AGREEMENT. CONSIDER ACTION TO APPROVE A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE AN AMENDED ESCROW AGREEMENT BETWEEN THE CITY OF ROWLETT, TEXAS, AND BEAZER HOMES TEXAS LP AS FINANCIAL GUARANTY TO SECURE THE INSTALLATION OF PUBLIC

IMPROVEMENTS TO SERVE BAYSIDE. >> MAYOR: THANK YOU VERY MUCH TO HAVE A MOTION? TOWNHOMES.E. CONSIDER A RESOLUTION AUTHORIZING AN ESCROW AGREEMENT.

CONSIDER ACTION TO APPROVE A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE AN ESCROW AGREEMENT BETWEEN THE CITY OF ROWLETT, TEXAS, AND BROOKSIDE LOT VENTURE, LTD., IN THE AMOUNT OF $95,022 AS FINANCIAL GUARANTY TO SECURE THE INSTALLATION OF PUBLIC

[7C. Consider a resolution approving an Advance Funding Agreement with the Texas Department of Transportation.]

IMPROVEMENTS TO SERVE THE VILLAS AT LONG BRANCH SINGLE-FAMILY DEVELOPMENT.

7F. CONSIDER A RESOLUTION AUTHORIZING THE ROWLETT BUSINESS STIMULUS GRANT PROGRAM FOURTH ROUND EXPENDITURE. CONSIDER ACTION TO APPROVE A RESOLUTION AUTHORIZING THE EXPENDITURE OF $93,581.33 FOR A FOURTH ROUND.

>> MAYOR: DO HAVE A SECOND? THOSE PASSED UNANIMOUSLY, 720.

WE WILL NEXT MOVE TO, 7C. CONSIDER A RESOLUTION APPROVING AN ADVANCE FUNDING AGREEMENT WITH THE TEXAS DEPARTMENT OF TRANSPORTATION. CONSIDER ACTION TO APPROVE A RESOLUTION APPROVING THE TERMS AND CONDITIONS OF AN ADVANCE FUNDING AGREEMENT BY AND BETWEEN THE TEXAS DEPARTMENT OF TRANSPORTATION (TXDOT) AND THE CITY OF ROWLETT, TEXAS IN THE AMOUNT OF $541,941 FOR THE RECONSTRUCTION AND IMPROVEMENT OF THE INTERSECTION OF STATE HIGH7CWAY 66 AND DALROCK ROAD, AND AUTHORIZING THE MAYOR TO FOR SAID SERVICES. COUNCIL MEMBER MARGOLIS YOU ASKED FOR THIS TO BE PULLED, WHAT WOULD YOU LIKE?

>> COUNCIL MEMBER MARGOLIS: TO VIEW THE PRESENTATION HAVE A

BETTER UNDERSTANDING. >> MAYOR: GARY, ARE YOU PREPARED TO DO THAT OR IS SOMEONE ELSE?

GOOD EVENING. >> SPEAKER: GOOD EVENING.

THANK YOU THIS IS AN ITEM THAT HAS BEEN AROUND FOR A WHILE AND IS TO IMPROVE THE RESOLUTION FOR THE ADVANCE FUNDING AGREEMENT BEFORE THE CITY AND TXDOT TO FUND ENOUGH MONEY TO FINISH THE CONSTRUCTION O FUND ENOUGH MONEY TO FINISH THE CONSTRUCTION ONCE THE PROJECT IS FINISHED WITH DESIGN.

NEXT SLIDE LAURA? SEPTEMBER 2012 THE COUNTY HAD THEIR CONSORTIUM CLEAN UP THIS PROJECT FOR IN INTERSECTION IMPROVEMENTS. DALLAS COUNTY ALSO IMPROVED AT THAT TIME THE COST ESTIMATED WAS 10.3 MILLION.

THE COST HAS GONE UP, AS YOU CAN SEE AS WE GET TO THE END OF IT. BY THE ROWLETT COUNCIL AWARDED LEE ENGINEERING THE CONTRACT FOR DESIGNING IMPROVEMENTS IN 2014 AND THEN IN 2016 THEY GIVE THEM A PASS AUTHORIZATION AND FUNDING TO DO THE DESIGN. MOST RECENTLY LAST MARCH 2020 THEY APPROVED A SUPPLEMENTAL AGREEMENT FOR ADDITIONAL THINGS DUE TO THE TXDOT REVIEW WITH ADDITIONAL ITEMS THAT THEY WANTED ADDED IN. THE COUNCIL APPROVED THE ADVANCE FUNDING AN AGREEMENT LAST SUMMER AND APPROVE THE ADVANCE FUNDING AGREEMENT FOR THE IMPROVED DESIGN WORK HERE LAST SUMMER THEY APPROVED ANOTHER AGREEMENT TO FUND THE

[00:20:01]

UTILITY OR THE RIGHT-OF-WAY ACQUISITION.

THERE WERE SEVEN PARCELS THAT THEY NEEDED TO GET RIGHT AWAY FROM WHICH REQUIRED FOUR OF THEM.

THREE REFUSED TO GIVE THE RIGHT-OF-WAY.

SO, THE STATE IS DOING ALL OF THAT.

NEXT SLIDE. THE PROJECT IT IS GOING TO ENCOMPASS FOUR JURISDICTIONS. DALLAS COUNTY, ROCKWELL COUNTY, TRENTON AND THE CITY OF ROWLETT.

BECAUSE OF THAT THERE'S NOT BEEN A LOT OF GOOD FUNDING AND WE'VE BEEN ABLE TO ACQUIRE CONSTRUCTION FOR ALL CITY MONEY. THEN FIGURE ONE WHICH WE WILL SHOW IN A FEW MINUTES ILLUSTRATES THE IMPROVEMENTS THAT ARE PROPOSED. THE NORTHBOUND WILL HAVE THREE THREE LANES AND TWO DEDICATED LEFT TURN LANES AND A RIGHT TURN LANE. SOUTHBOUND WILL HAVE THREE THROUGH LANES, TWO DEDICATED LEFT TURN LANES AND ONE RIGHT TURN. THE EASTBOUND WILL HAVE THREE FULL LANES WHICH REALLY BACKS UP IF ANYONE'S EVER GONE THAT WAY. WE WILL HAVE TWO DEDICATED LEFT TURN LANES AND ONE RIGHT TURN LANE.

THE WESTBOUND BECAUSE THEY ARE UTILITY POLES ON THAT SIDE THAT WE COULD NOT MOVE, TRANSMISSION LINES FOR ENCORE, WHAT WE ARE DOING THERE IS LEAVING THE THREE LANES BUT ADDING A LEFT TURN LANE. WE HAVE TWO LEFT TURN LANES WHICH WILL HELP MOVEMENT OF TRAFFIC OUT OF THAT INTERSECTION. NEXT SLIDE PLEASE.

FUNDING SOURCES, ANTICIPATION 100 PERCENT OF THE ESTIMATED LOCAL CONSTRUCTION COST IS THE CITY OF ROWLETT COST.

THE FEDERAL PARTICIPATION IS 80 PERCENT OF THE FEDERAL AND STATE COST AND TXDOT IS FUNDING 20 PERCENT.

THE TXDOT ADVANCED FUNDING AGREEMENT NEEDS TO BE EXECUTED IN ORDER TO MOVE FORWARD AND THE PROJECT ITSELF IS ESTIMATED AT 3.674 MILLION CITY'S PORTION IS 541,900 WHICH IS BEING REQUESTED FOR THE ADVANCED FUNDING AGREEMENT.

TXDOT IS THE LEAD AGENCY ON THIS PROJECT AND THEY ARE THE ONES THAT ACQUIRED THE RIGHT-OF-WAY AND THEY ALSO OVERSEE THE CONSTRUCTION OF IT. NEXT SLIDE.

THIS IS THE INTERSECTION AS YOU CAN SEE THE ORANGE ARE THE LANES THAT ARE BEING ADDED AND THE SAME DRIVEWAYS WILL BE THERE AND THAT WON'T CHANGE. WHEN THE TRAFFIC GOES EASTBOUND ESPECIALLY DURING THE EVENING HOURS A BACKS UP BECAUSE YOU'VE GOT CARS TRYING TO TURN INTO THE DRIVEWAYS AND THEN YOU GET BACK TO THE INTERSECTION BECAUSE YOU HAVE CARS TRYING TO TURN RIGHT CAN'T TURN RIGHT. NEXT SLIDE.

THIS IS THE FUNDING TABLE AND AS YOU CAN SEE THE TOTAL AMOUNT IS 3,674,000 FOR THE CITY'S PORTION IS 541 941,000 GOOD THAT WILL GO OUT OF THE CITY FUNDS.

WE WILL HAVE MONEY LEFT OVER IN SOME OF THESE SUBDIVISIONS THAT WE DID STREETS IN SO WE ARE TAKING THE ADDITIONAL FUNDING OF 262,000 TWO EQUALLY 541, 941 WHICH WAS LEFT OVER FROM THE STATE RECONSTRUCTION PROJECTS.

NEXT SLIDE. THE STAFF WOULD LIKE APPROVAL

OF THIS AGREEMENT. >> MAYOR: THANK YOU VERY MUCH MR. ARRIS, WE APPRECIATE IT. COUNSEL ANY QUESTIONS OR

COMMENTS OR EMOTION? >> COUNCIL MEMBER MARGOLIS: I

HAVE A COUPLE OF QUESTIONS. >> MAYOR: COUNCIL MEMBER

MARGOLIS. >> COUNCIL MEMBER MARGOLIS: SO, I ASSUME THAT THE PROJECT WILL REMOVE SOME OF THE EXISTING ANDSCAPING IN THE MEDIANS OF DALROCK ROAD AND 66?

>> SPEAKER: IT NARROWS THE MEDIANS DOWN.

INSTEAD OF HAVING A WIDE MEDIAN IT WILL BE ONEANDAHALF TO 2 FEET WIDE. AT THAT INTERSECTION.

[00:25:03]

>> COUNCIL MEMBER MARGOLIS: LAST QUESTION.

THE TRAFFIC SIGNALS, IF I MISSED THAT, I'M SORRY.

THOSE WILL BE REDONE, THERE WILL BE NEW TRAFFIC SIGNALS BECAUSE YOU ARE ADDING A LOT OF LANES IN ALL DIRECTIONS IS THAT

RIGHT? >> SPEAKER: CORRECT.

>> COUNCIL MEMBER MARGOLIS: THANK YOU.

I THINK THIS IS A REALLY EXCITING PROJECT AND IT IS GOING TO IMPROVE TRAFFIC IN THE AREA . VERY EXCITING FOR THE

CITY IN THAT AREA. >> SPEAKER: THANK YOU.>

MAYOR: >> COUNCIL MEMBER SHERRILL: I

MOVED TO APPROVE ITEM 7C. >> MAYOR: I HAVE A QUESTION STILL. I DID NOT SAY HE WAS OUT OF ORDER. I HAVE A MOTION ON THE TABLE .

[LAUGHTER] DO I HAVE A SECOND? I HAVE A SECOND. WE HAVE A MOTION FROM COUNCIL MEMBER SHERRILL TO APPROVE AND WE HAVE A SECOND BY COUNCIL WOMAN BELL. DO WE HAVE ANY COMMENTS OR QUESTIONS? I HAVE ONE.

[LAUGHTER] TIMING? THIS HAS BEEN ON THE TABLE SINCE I HAVE BEEN ON COUNSEL.

[LAUGHTER] TIMING?

TIMING? >> SPEAKER: WELL, TO GIVE YOU THE SCHEDULE THAT RTC HAS PUT OUT, THE PLANS WILL BE COMPLETED BY THIS AUGUST AND THEN THE UTILITY RELOCATIONS THAT NEED TO BE DONE, THAT WILL BE TAKING CARE OF BY SEPTEMBER 2022. THE ACTUAL, I'M SORRY, I TOLD YOU WRONG. AUGUST OF 2021, ALL THE RIGHT-OF-WAY WILL BE COMPLETELY ACQUIRED TO THE PLANS WILL BE COMPLETED IN MARCH 2022. THE LEFT DATE WILL BE A BIT OPEN WHICH IS SEPTEMBER 2022. USUALLY IT TAKES TXDOT A COUPLE OF MONTHS TO GET EVERYTHING READY TO GO FOR CONSTRUCTION.

>> MAYOR: OKAY. YOU HAVE A COMMENT OR QUESTION?

>> COUNCIL MEMBER: WHAT IS GOING TO BE DONE FIRST? 30 OR THIS INTERSECTION? [LAUGHTER]

>> MAYOR: GOOD POINT. >> SPEAKER: THAT'S A GOOD QUESTION FOR GARY WHO IS DEALING WITH 30.

>> SPEAKER: THE INTERSECTION. >> MAYOR: OKAY.

I WILL BE OUT OF MY MAYOR POSITION BY THEN.

ANY OTHER QUESTIONS? I FULLY SUPPORT THIS.

THIS INTERSECTION IS IN DIRE NEED OF THIS CONSTRUCTION AND THIS IMPROVEMENT. I UNDERSTAND THE RESIDENT CONCERNS. WE'VE GOT TO MAKE IT SAFE FOR PEDESTRIAN TRAFFIC CROSSING THERE, TOO BUT THIS IS AN INTERSECTION THAT HAS BEEN A PROBLEM FOR MANY YEARS.

GO GOODNESS WE HAVE FUNDING ON THIS FROM MULTIPLE SOURCES.

WE HAVE ANY OTHER QUESTIONS OR COMMENTS? ALL THOSE IN FAVOR RAISE YOUR HAND.

THAT PASSES SEVENDUST ZERO. WE WILL MOVE TO OUR INDIVIDUAL

[8A. Consider the adoption of a resolution accepting and approving a preliminary Service and Assessment Plan and preliminary assessment rolls for the Trails at Cottonwood Creek Public Improvement District, calling a public hearing on the levy of special assessments against property in the District and approving all other matters related hereto. The subject site is located at the northeast corner of Vinson Road and Stonewall Road.]

CONSIDERATION ITEM WHICH IS 8A. CONSIDER THE ADOPTION OF A RESOLUTION ACCEPTING AND APPROVING A PRELIMINARY SERVICE AND ASSESSMENT PLAN AND PRELIMINARY ASSESSMENT ROLLS FOR THE TRAILS AT COTTONWOOD CREEK PUBLIC IMPROVEMENT DISTRICT, CALLING A PUBLIC HEARING ON THE LEVY OF SPECIAL ASSESSMENTS AGAINST ROPERTY IN THE DISTRICT AND APPROVING ALL OTHER MATTERS RELATED HERETO. THE SUBJECT SITE IS LOCATED AT THE NORTHEAST CORNER OF VINSROAD AND STONEWALL ROAD. TAKE MISS MULLAH DAD?

>> SPEAKER: GOOD EVENING COUNSEL.

COUNSEL, I JUST WANTED TO LET YOU KNOW AS I MAKE MY PRESENTATION WE ALSO HAVE OUR FINANCIAL ADVISOR PRESENT SHOULD THERE BE SOMETHING SPECIFIC THAT I AM UNABLE TO ANSWER AND THE EXPERT WHEN IT COMES TO MODELING AND NUMBERS.

THE APPLICANT IS ALSO PRESENT. I WANT TO PROVIDE BACKGROUND AS IT RELATES TO THIS PROPERTY. AS WE COME BEFORE YOU COUNSEL, A FEW TIMES STARTING IN OCTOBER 2019 AND ALL THE WAY TO JULY 2020 AND THROUGH THAT WE HAVE APPROVED AN AMENDMENT TO THE EXISTING ED ON THE PROPERTY AND ALSO APPROVE THE FACILITIES AGREEMENT FOR APPROXIMATELY A LITTLE OVER $1 MILLION.

IN MARCH OF LAST YEAR THE CITY COUNCIL ALSO APPROVED A PID WITH THE DISSOLUTION AGREEMENT ON IT TO ENSURE A DEVELOPMENT AGREEMENT ASSOCIATED WITH IT AND THAT OCCURRED OF JULY 2020 AND THE DEVELOPMENT AGREEMENT THAT WAS ADOPTED IDENTIFIED THE MAXIMUM FUNDING AMOUNT AGREED BY THE MAXIMUM TAX RATE AND IMPROVEMENT ENHANCEMENTS THAT WILL BE ALLOWED TO BE CONSTRUCTED AND FINANCED BY THE PID AND THE SPECIAL BENEFITS IN

[00:30:02]

THE PROJECT WHICH WILL BE AN INCREASED VALUE.

NEXT SLIDE PLEASE. THE TEXAS LOCAL GOVERNMENT CODE HAS A TWO-STEP PROCESS THAT NEEDS TO BE COMPLETED BY YOURSELF, COUNSEL IN ORDER TO FORMALIZE THE PID PROCESS.

THE FIRST IS THAT THE COUNCIL ADOPTS A RESOLUTION CALLING FOR A PUBLIC HEARING OF THE ASSESSMENT PLAN THAT IS ACTION YOU WILL BE CONSIDERING TONIGHT.

POST THAT COUNCIL WILL CONDUCT A PUBLIC HEARING REGARDING THE PLAN, IMPROVE AREA NUMBER ONE AS WELL AS THE MAJOR IMPROVEMENT AREA, MASTER INFRASTRUCTURE AREA AND AN ORDINANCE IMPROVING THE SPECIAL ASSESSMENT REVENUE BOND AS WELL AS THE EVENTS AUTHORIZING THE REVENUE THE ELITE REVENUE FORMS FOR THE MASTER IMPROVEMENT AREA.

THIS IS SCHEDULED FOR MAY 18 IF I'M NOT MISTAKEN.

NEXT SLIDE, PLEASE LAURA. LOCAL GOVERNMENT CODE DOES AUTHORIZE MUNICIPALITIES TO SIGN THE IDS WHICH ARE AUTHORIZED AND FUNDED THROUGH BONDS FOR HOMEOWNERS AND INVESTMENTS. THE COMPANY ASSESSMENT PLAN AND ALSO DETAIL ALL THE PUBLIC IMPROVEMENTS THAT ARE PERTINENT AND NECESSARY FUNDING SOURCES AND THE AMOUNT AND ALLOCATION OF THE ASSESSMENT LEVY. IT IS ANTICIPATED THAT THIS DEVELOPMENT WILL TAKE APPROXIMATELY 14 MONTHS TO CONSTRUCT THE MAJOR IMPROVEMENTS AS WE PULL IT OUT AS IN THE IA AND THE OTHER PHASES.