[00:00:03] >> WE HAVE ONE MORE. >> YEAH, ONE MORE. IT IS 4:43, CALMING THIS MEETING [1. Call to order] TO ORDER. THERE IS QUORUM PRESENT AND APPROVE MINUTES FROM JANUARY 6 2026. THESE MEETINGS PROVIDED IN YOUR PACKET, ARE THERE ANY QUESTIONS OR CHANGES THAT NEED TO BE MADE? IF NOT, I WILL ENTERTAIN A MOTION TO APPROVE MINUTES. >> SO MR. CHAIRMAN I WILL RECOMMEND THAT WE MAYBE MOVE TO ITEM THREE JUST BRIEFLY TABLE THAT ITEM, WE HAD A MEMBER STEP OUT, IT MIGHT BE GOOD TO GO TO NEXT ITEM BEFORE GIVE HIM A CHANCE TO GET BACK IN THE ROOM. >> OKAY. SO WE'LL HAVE A MOTION OR PRESENTATION AND DISCUSSION REGARDING TIRZ 4. >> HE IS NOT COMING BACK. >> I KNOW HE'S COMING BACK FOR MEETING AT 6. >> OKAY, I CAN DO THE -- SORRY. [2. Approve minutes from the following meeting(s): January 6, 2026. ] >> I WILL GO BACK TO MINUTES AND ENTERTAIN A MOTION? TO APPROVE MINUTES. DID WE DO THAT? >> WE HAVE NOT DONE THAT FOR THIS ONE. >> NOT FOR MINUTES. SORRY, DEBBY, I THREW YOU FOR A LOOP. >> IT IS CARTER'S FAULT. >> YEAH. OKAY. IF YOU WOULD MAKE A MOTION THROUGH YOUR MICROPHONE AND WE'LL GO FROM THERE. >> I MAKE A MOTION TO APPROVE MINUTES FROM JANUARY 6 2026 MEETING. >> THANK YOU, A SECOND? >> I SECOND. >> THANK YOU. IF YOU INDICATE BY RAISED HAND YOUR APPROVAL. THAT CARRIES 6-0. [3. Presentation and discussion regarding TIRZ #4 adopted financial plan. ] >> ALL RIGHT. SO NOW WE'LL HAVE A PRESENTATION AND DISCUSSION REGARDING TIRZ 4 ADOPTED FINANCIAL PLAN. >> GOOD AFTERNOON TIRZ BOARD NUMBER 4 HERE TO DISCUSS PROPOSED EXISTING PFP, AND SEE IN ANOTHER ITEM TIRZ 4 PROPOSED BUDGET. JUST OVERVIEW, SLIDE ABOVE HAS AREA BOUNDARY FOR NUMBER 4, IN THE PROJECT FINANCING PLAN WE'LL TALK ABOUT IN A MOMENT IT DESCRIBE LAND AND IMPROVEMENT WITHIN THE AREA DEFINED HERE. SO TIRZ 4 CREATED IN 2022 AND UNLIKE THE OTHER TWO RUNS 30 YEARS, COMPRISES TWO DIFFERENT SETS OF PROJECTS AND HAS TWO DIFFERENT ACCOUNTS WE'LL SEE WHEN WE TALK IN THE BUDGET SECTION. THE FIRST TIER 1 PROJECT ARE PROJECTS REIMBURSING DEVELOPER FOR WORK THEY HAVE PUT IN. THEY HAVE SUBMITTED ALL PROJECTS FOR REIMBURSEMENT AND ARE BEING REIMBURSED FOR PROJECTS, I BELIEVE $50,000 OF COST THEY CAN SUBMIT TO RECEIVE FULL AMOUNT UP TO 15.1153. REIMBUSHESMENT FOR MERIT ROAD AND MERIT ROAD WATER LINE AND DRAINAGE AND ECONOMIC DEVELOPMENT GRANT IN ALL 15.153 MILLION. SECOND LIST OF PROJECT IS FOR A SECONDARY ACCOUNT THAT THE CITY HAS WITH IT. SO WITH THE TIRZ NUMBER 4, THERE IS AN ALLOCATION OF GROWTH IN THE AREA BETWEEN THE BASICALLY THE DEVELOPER ACCOUNT AND CITY-FUNDED ACCOUNT. AND SO BASED ON THE PROPERTY AND THE PROPERTY OWNER, I BELIEVE PERCENTAGE OF IT IS ALLOCATED TOWARD CITY ACCOUNT TO PUT IT SIMPLY. TIER NUMBER TWO, TIER 2 PROJECT FUNDED OUT OF CITY FUND $127 MILLION MERRITT ROAD INTERCONNECTOR, NORTH SHORE BACKAGE ROAD, TRAFFIC SIGNAL, WATER LINE, PUMP STATION, PUBLIC SAFETY FACILITIES AND ECONOMIC DEVELOPMENT GRANTS. [00:05:02] >> SIMILAR TO OUR DISCUSSION PREVIOUSLY, THOSE ARE OPTIONS? NOT OBLIGATIONS. SO DOESN'T MEAN WE'RE GOING TO SPEND $126 MILLION OUT OF THIS, IT MEAN WE HAVE THE OPPORTUNITY TO SPEND ON THOSE PROJECTS IDENTIFIED BACK IN 2022. DO WE HAVE ANOTHER ONE THAT SHOWS DIFFERENCE BETWEEN TIER 1 AN TIER 2, DO WE HAVE A SLIDE ON THAT? >> WE DO NOT. >> GO BACK TO JUST THE MAP, TIER 1 PROJECT WOULD BE TO USING MAP IN FRONT OF US TO THE RIGHT OF THE PGBT PROPERTY, IS THAT CORRECT? >> I THINK SO JACKSON SAW PROPERTY. >> SO THAT PROPERTY ON THAT SIDE 80% OF REVENUE GOES T DEVELOPER AGREEMENT AND 50% OF REST GOES TO THAT DEVELOPMENT AREA. THAT IS THE 15 MILLION WHICH IS ALREADY OBLIGATED AND THAT DEBT HAS TO BE PAID OFF BEFORE WE GET MORE RESOURCES OUT OF TOTAL TO SPEND ON OTHER PROJECTS, THE CITY IS RECEIVING 20% ON ONE AREA AND 50% ON THE OTHER AREA. IF YOU WANT TO MOVE ON TO THE PROJECTS, SIGNIFICANT AMOUNT OF CURRENT RESOURCE BEING DEVELOPED ARE BEING USED TO FEES, CURRENT OBLIGATION FOR CURRENT DEVELOPER. THE ODD THING ABOUT THIS, YOU HAVE TAKEN THAT VERY LARGE AREA OF NORTH SHORE AND DEVELOPMENT ON THAT SIDE IS ALSO SUPPORTING THE AGREEMENT FOR JACKSON SHAW, AS WELL. WE ONLY HAVE 50% OF GROWTH ON THAT SIDE OF PGBT TO USE SATISFY OBLIGATION OF THE TIRZ. OTHER THAN THE TIER 1 AGREEMENT WITH THE DEVELOPER. THAT MAKE SENSE? >> YEAH. OKAY. OTHER QUESTIONS REGARDING THE CURRENT FINANCING PLAN? >> YEAH, THE LAST SLIDE WE JUST SAW, IS THAT WHAT YOU ARE REFERRING TO? >> THIS ONE HERE. >> THIS ONE HERE. SO FOR CLARITY, THINGS I DON'T KNOW, I CAN'T REMEMBER FROM THE TIME WE DID THE TIMELINE. THAT 3.8 BEING RAN THROUGH TODAY, IS THAT CORRECT, THAT IS BEING USED, THAT IS FOR THEIR PORTION OF THE MERRITT ROAD EXTENSION, CORRECT? >> CORRECT. >> THEN THE ECONOMIC DEVELOPMENT GRANT ARE WE ABLE TO HELP ME UNDERSTAND WHAT THEY ARE USING GRANT FOR EXACTLY? DO WE KNOW WHAT IT IS USED FOR EXACTLY? >> I DO NOT KNOW WHAT THAT GRANT WAS SPECIFICALLY ASKED FOR, HAVE TO PULL THAT AGREEMENT TO GIVE ANSWER TO THAT QUESTION. IS THAT PERCENTAGE OF MONEY WE JUST TITLE IT THAT? >> I DO NOT KNOW THE BASIS HOW THAT NUMBER WAS CALCULATED, HAVE TO GO DO RESEARCH AND GET BACK TO YOU. I CAN CERTAINLY DO THAT. >> AND ON THE TIER 2 SIDE, HYPOTHETICAL IS WHAT WE CAN DO OR MAY NOT DO. >> CORRECT. >> THE FUNDS CURRENTLY INVOLVED IN ENVIRONMENT COMPONENT IN ADDITION, I DON'T REMEMBER NUMBERS AS FAR AS MERRITT CONNECTOR ALL THE WAY THROUGH. >> WHAT WE'VE DONE, GIVEN OURSELVES A POTENTIAL UTILIZATION OF $25 MILLION FROM HERE TO SUPPORT INTERCONNECTOR AND DO NOT HAVE FUNDS I'M AWARE FROM THE TIRZ BUILT INTO CURRENT BUDGET FOR MERRITT ROAD EXTENSION. CURIOUS ABOUT ENVIRONMENTAL COMPONENT BEING ADDED IN LATER, IS THAT AGAIN, TIRZ INTERPRETATION BEING USED POTENTIALLY $25 MILLION FOR IF WE WERE TO DECIDE THAT WE HAVE THAT AND WENT THAT ROUTE, THIS WOULD NOT BE INCLUSIVE OF ENVIRONMENTAL MONEYS DISCUSSED; CORRECT? THAT IS SOMETHING, I DON'T WANT TO GET OFF TRACK WHAT TIRZ COULD BE JUST TRYING TO UNDERSTAND DOLLARS IF WE DECIDE THAT IS A LOT OF MONEY -- >> NOT SURE WHAT ENVIRONMENTAL COST YOU ARE REFERRING TO, I APOLOGIZE. >> HAD TO GO THROUGH ENVIRONMENTAL PROCEDURE TO GET FUNDING WHICH IS I CAN'T REMEMBER SOMETHING LIKE OVER 10 MILLION IF I'M NOT MISTAKEN, THAT IS SOMETHING ALL TOGETHER SEPARATE, THAT IS NOT PART OF INTERPRETATION OF TIRZ, IN ADDITION, CORRECT? >> COMMENT SEPARATE -- >> THAT IS CORRECT. >> ALL FUNDING FOR CAPITAL IMPROVEMENT FOR TIRZ, FOR MERRITT ROAD EXTENSION DOES NOT RELY ON FUNDING FROM TIRZ. [00:10:01] >> OUR DIRECTOR FINANCE IS LOOKING IT UP, I BELIEVE PROPOSED BUDGET FOR THIS YEAR DOES INCLUDE WITHIN CITY FUND ABOUT -- SO THE CITY TIRZ FUND IS CONTEMPLATED TO FUND HALF MILLION FOR MERRITT ROAD INTERCONNECTOR. >> WE WILL CLARIFY, SIR. >> INTERESTED TO KNOW DEFINITION OF GRANT WE GAVE, WHAT DID IT GO FOR? >> 380 AGREEMENT, WHAT BASIS OF THAT NUMBER IS. >> TRYING TO GET MY HAND AROUND THAT PART. >> WE'LL RESEARCH AND GET BACK TO YOU AND SHARE WITH THE WHOLE COUNCIL. >> AND OTHER COMMENTS OR QUESTIONS? [4. Discussion and consideration to approve recommendation of TIRZ #4 Budget to City Council. ] IF NOT, WE'LL MOVE TO DISCUSSION AND CONSIDERATION TO APPROVE THE TIRZ 4 BUDGET CITY COUNCIL. >> MIKE, I DO HAVE A QUESTION ON THE PRIOR LIST. AT WHAT POINT DO WE IDENTIFY TIER 2 PROJECTS? >> THIS WOULD HAVE ALL BEEN ESTABLISHED WHEN IT IS THE TIRZ PROJECT FINANCING PLAN WAS DEVELOPED AND PRESENTED AND APPROVED IN THE EARLY 2020S. >> I'M LOOKING AT BECAUSE I REMEMBER THIS BEING ESTABLISHED, I WAS ON THE COUNCIL AND IT WAS ESTABLISHED IN 2022. AND I'M LOOKING AT THE AGENDA ITEM IT WAS ESTABLISHED BY CITY COUNCIL AND IT LISTS IN THE ASHGS ATTACHMENT TO RESOLUTION THAT ESTABLISH THIS, IT LISTS TIER 1 PROJECT AND DEPICTION OF PHASE ONE, THE MAP AND SAME FOR EXHIBIT D DEPICTION OF PHASE TWO, NO TIER 2 PROJECT LIST IN THAT ORIGINAL ESTABLISHING RESOLUTION, WHEN WERE THOSE ESTABLISHED? NOT ASKING FOR MALICIOUS REASONS, HAD ORIGINALLY THOUGHT PART OF TIRZ WAS TO SUPPORT LIBERTY GROVE AND PGBT AND MERRITT AND PGBT, I SEE TRAFFIC SIGNAL FURTHER UP MERRITT AND THOSE WILL BE NEEDED IN FUTURE. THESE OTHER TWO SIGNALS WOULD INVOLVE PARTICIPATION BY TXDOT AND NTTA ARE MORE URGENT THAN LISTED IN PHASE TWO AND IF FUNDED BY THE CITY, I WOULD LOVE THEM TO BE FUNDED BY TIRZ BECAUSE THE GROWTH IN TRAFFIC IN TAT AREA AND VICINITY IS DRIVEN BY THE FACT WE HAVE DEVELOPMENT IN THAT AREA AND VICINITY. SO I REMEMBER HAVING THAT DISCUSSION BUT FOR SOME REASON THEY ARE NOT IN TIER 2 PROJECT LIST WHEN DID WE IDENTIFY THESE PROJECTS AND HOW THAT BECAME, HOW THESE ROSE TO THE TOP? CERTAINLY GOOD ONES HERE M MERRITT ROAD, TWO WATER SYSTEM, WATER LINE VITAL. A LOT OF THAT IS GREAT, THOSE TWO TRAFFIC SIGNALS ARE MORE EM EMERGENT. >> I BELIEVE I CREATE THIRD DEGREE TABLE LAST YEAR FOR BUDGET PROPOSAL, I BELIEVE I SOURCED IT FROM THE FINAL VERSION OF THE FINANCING PLAN WAS, WE COULD GO BACK AND LOOK AND WATCH MEETINGS TO SEE IF THERE IS INSIGHT FROM PRIOR COUNCIL WHY AND WHICH PROJECTS WERE CHOSEN. SOMETHING STAFF CAN ALSO DO IS LOOK AT AGREEMENT AND LOOK AND WORK WITH THE ADMINISTRATOR FOR TIRZ AND IF WE HAVE FLEXIBILITY TO AMEND THE TIER 2 PROJECTAD AS IN ADDITIONAL TRAFFIC SIGNAL IF WE HAVE THAT FLEXIBILITY. WE'D HAVE TO READ THE TIRZ AGREEMENT TO MAKE SURE. >> I WOULD APPRECIATE THAT. I THINK IT IS PROBABLY COMPLICATED BY THE FACT TX DOT IS INVOLVED AND MAY HAVE TO BE DRIVER BEHIND BEING SIGNAL ADDED AT THE TWO INTERSECTIONS AND THAT MAY BE WHY IT IS NOT INCLUDED. WHEN WE TALKED ABOUT REALIGNMENT OF MERRITT ROAD AND HAD THE PUBLIC HEARING AT THE COMMUNITY CENTER, I SPOKE TO TX DOT THERE IN ATTENDANT THEY MENTIONED IT IS FAR MORE COMPLEX OF LET'S DROP IN A TRAFFIC SIGNAL BECAUSE OF NATURE OF THAT INTERACTION, THAT RELATIONSHIP. SO I'D APPRECIATE US LOOKING AT THAT, IF THE ANSWER IS SIMPLY BECAUSE IT IS TX DOT, IT IS DIFFERENT FUNDING MECHANISM THAN JUST CITY INSTALLING IN TIRZ PLAN THEN THAT IS GOOD ENOUGH FOR ME, I'M FINE WITH THAT ANSWER. AGAIN JUST CURIOUS BECAUSE THIS LIST WAS NOT IN THE ORIGINAL PLAN. >> QUESTION FOR THAT IS MARTIN IN '66, NOT TX DOT AND FUNDED WITH TIRZ? >> I THINK IT SAID IT WAS FROM WHAT I READ. [00:15:08] TRYING TO PUT A WRENCH IN, THAT IS WHAT I THOUGHT I READ. >> CROSSWALK WEINSTALLED ON 66 WAS DART FUNDS, BUT I DON'T KNOW HOW THAT SIGNAL WAS INITIALLY FUNDED. >> IT WOULD HAVE HAD TO BE TX-DOT, 66. THAT SIGNAL WOULD BE FUNDED BY TX DOT, ON 66. >> I'M NOT SURE, I THOUGHT WHEN WE WERE DOING TIRZ FOR DOWNTOWN I THOUGHT I SAW MARTIN AND 66 SIGNAL LIGHT ON THAT. >> I DON'T RECALL IN THE TIRZ. >> I THINK ONCE A CITY REACHES CERTAIN POPULATION, I WANT TO SAY 50,000, CITY BECOMES RESPONSIBLE FOR TRAFFIC SIGNALS ALONG STATE HIGHWAYS. I THINK 190 MAY BE DIFFERENT. BUT I'M NOT SURE. >> I THINK WHEN SENT MESSAGE TO CONFIRM THAT OUR SHE INVESTIGATED WHAT IS IN BUDGET FOR THIS YEAR WITHIN THE TIER 2 ACCOUNT. BUT WE CAN -- OKAY. ANY OTHER -- >> GO AHEAD, I'M SORRY. >> I HAVE ANOTHER QUESTION BACK TO THE ONCE WE CAN BREAK OUT THE ECONOMIC DEVELOPMENT GRANT WHAT THAT LOOKS LIKE, ARE THERE PARAMETERS AROUND THAT, IF YOU HAVE TIER 2 PROJECT CONVERSATION LATER FOR IS THERE SOME SPECIFIC PARAMETERS AROUND WHAT WE CAN INCLUDE OR CAN'T INCLUDE OR SHOULD INCLUDE IN HOW THAT MONEY CAN BE USED FOR FUTURE STUFF WE CAN COME BACK TO? WE HAVE IMPORTANT THINGS BUT A GRANT MEANS SOMETHING SPECIFIC BEHIND IT AND WHAT ARE PARAMETERS BEHIND IT? IS IT DIVERSE? IS IT ONLY FOR SOMETHING THAT GENERATES REVENUE OR I DON'T KNOW, THAT IS A QUESTION I HAVE HOW WE WOULD SPEND THAT OR APPROVE IT. >> ARE YOU GOING BACK TO QUESTION ABOUT ECONOMIC DEVELOPMENT GRANT? >> FIRST ONE, FIRST QUESTION DEALT WITH EXISTING 5.2, HOW THAT IS BEING SPENT. I ASSUME THERE ARE PARAMETERS AROUND THAT AS OPPOSED HERE IS 5.2 MILLION, GO SPEND HOW YOU WANT TO. >> CERTAINLY IN THE 380 AGREEMENT. >> HOW DOES THAT LOOK FOR POTENTIAL OF $20 MILLION CONVERSATION, WILL THAT COME WITH PARAMETERS, AS WELL, WILL 380 BE SOMETHING OF NATURE HERE AND DESIGNED FOR ECONOMIC DEVELOPMENT FOR GENERATION OF REVENUE? JUST QUESTIONS BECAUSE I DON'T KNOW, POP NUMBERS IN THERE OUT OF NOWHERE, JUST CURIOUS DOES IT APPLY TO THE SAME ECONOMIC DEVELOPMENT GRANT WE HAVE GOING TODAY, SAME PARAMETERS? >> MY UNDERSTANDING OF $20 MILLION ON TIER 2 PROJECT NOT THE SAME ONE OF COURSE EACH 380 AGREEMENT SEPARATELY NEGOTIATED AND THOSE ARE ESTABLISHED BY 380 AGREEMENT AND BASIS IS UP TO COUNCIL AND WHAT YOU DECIDE IS APPROPRIATE GRANT DEPENDING WHAT IS BEING ASKED FOR, THAT IS A POLICY DISCUSSION ON CASE BY CASE BASIS. IT IS OBLIGATION INCLUDED IN A 380 AGREEMENT. >> OKAY. >> 20 MILLION IS NOT COMMITTED YET. >> I GET ALL THAT. JUST THERE IS SOME KIND OF PARAMETER AROUND THAT OR AGAIN 380 AGREEMENT APPROVED BY COUNCIL LATER. I GET IT, JUST TRYING TO UNDERSTAND THAT PARAMETER. THANKS. >> MICHAEL, ANYTHING TO ADD TO DISCUSSION OF BUDGET? >> I THINK -- >> NORTH SHORE. >> I DON'T THINK WE GOT TO THE SLIDE YET, WE HAVE HERE IN TEXT ON RIGHT DESCRIBE FUNDING MECHANISM WE TALKED ABOUT HOW LAKE VIEW PARCELS ARE 80% INTO DEV DEVELOPER FUND AND REMAINDER 20% IN CITY FUND AND OF NONLAKE VIEW ACCOUNTS IT WOULD BE 50/50. YOU'LL SEE ON HERE SO THERE WAS A BALANCE BUILDING UNTIL FISCAL YEAR 2025 AT THE TAIL END OF '25 SUBMITTED FOR REIMBURSEMENT FOR THE 15.2 MILLION OF PROJECTS SHOWN HERE. SO WE ARE NOW ACTIVELY REPAYING THEM EVERY FEBRUARY AND AUGUST WITH PROPERTY TAX RECEIPT AND DO TRUE-UP AT YEAR END. YOU WILL SEE PROPOSED BUDGET START ZERO AND END AT ZERO, PAYMENT MADE IN FEBRUARY AND THERE IS TRUE UP ANTICIPATED FOR THIS MONTH. [00:20:05] IT IS ANTICIPATED 1.2 MILLION WILL GO INTO THE DEVELOPER FUND FOR THIS YEAR AND THAT COMPRISE MAJORITY OF EXPENSES IN THE FUND FOR THIS YEAR. IT IS ABOUT 15.2 MILLION OF TOTAL REIMBURSABLE COST, YOU ARE LOOKING AT ABOUT 12 YEARS REPAYMENT, A LITTLE SHORTER BECAUSE THERE HAS BEEN REPAYMENT ALREADY MADE. AND ON THIS SLIDE HERE WE HAVE THE CITY FUND, SO AS PREEVIOUSL DESCRIBED 20% GO IN WITH 50% OF OTHER INCREMENT AND CAN BE USED ON PROJECT WITHIN THE TIRZ AUTHORIZED BY THE CITY COUNCIL AND RECOMMENDED BY THE TIRZ BOARD. SO FOR TIRZ BOARD CONTEMPLATION THERE IS 150,000 OF REVENUE COMING IN, BALANCE BUILDING, NO PROJECT YET BUDGET CONTEMPLATE MONEY GOING OUT IDENTIFY IN CAPITAL OUTLAY ITEM FOR MERIT ROAD INTERCONNECTOR, CAN YOU CONFIRM? >> YEAH, THAT 515 CAPITAL OUTLAY FOR MERRITT ROAD INTERCONNECTOR. WE ARE PROPOSING TO FUND OUT OF CITY PORTION OF THE TIRZ. TO THAT EXTENT. >> AND SO WITH FUNDING OF THAT CAPITAL LINE ITEM PROPOSED ENDING BALANCE WOULD BE ZERO. >> THAT CAPITAL OUTLAY ANTICIPATED FOR MERRITT ROAD FOR SOMETHING SPECIFIC OR GENERALIZED TO COVER WHATEVER COST? >> ACTUALLY A RESERVE AT THIS POINT, WE HAVE NOT GOT TO THE POINT, STILL IN DESIGN. WE HAVE NOT GOTTEN TO CONSTRUCTION YET. >> I WONDER FOR SPECIFIC PIECE OF THAT, THAT IS PRETTY BIG. >> NOT IDENTIFIED FOR A SPECIFIC PEESZ PIECE, NO. >> THANKS. >> WITH THAT, ALL RIGHT. FURTHER COMMENT OR DISCUSSION REGARDING THE BUDGET? >> I'M GOING TO SECOND CHRIS'S REQUEST FOR IF THERE IS A SEPARATE STAND ALONE 380 AGREEMENT WITH FUNDING >>IN IT TO UNDERSTAND WHAT THAT REPRESENT, I'M LOOKING THROUGH ORIGINAL PACKET, I DID FIND TIER 2 PROJECT LIST, YOU ARE ON POINT WITH THAT, I JUST MISREMEMBERED. I CAN'T REALLY FIGURE OUT WHAT THAT 5 MILLION IS FOR AND THAT MAKES ME WONDER IF IT IS REALLY FOR FUTURE NEED POTENTIAL FUTURE NEED OR PART OF AGREEMENT WE HAVE WITH JACKSON SHAW TO REIMBURSE THEM FOR FLOOD PLANE AREA OR RETAINING WALL REQUIRED FOR FEMA FLOOD PLANE PROTECTION PLAN, A LOT HAPPEN SAID IN NORTHEASTERN PART OF THAT DEVELOPMENT THAT REQUIRED A LOT OF EARTH TO BE MOVED AND I'M WONDERING IF PART IS THAT AMOUNT? >> WRITE IT DOWN, SIR. >> HELPFUL TO UNDERSTAND. IF THERE IS, REASON I'M ASKING, I SHOULD GIVE YOU THE WHY. IF THERE ARE DOLLARS THAT ARE AVAILABLE THROUGH ECONOMIC DEVELOPMENT IN NORTH SHORE AREA, THOSE COULD GO TOWARD ECONOMIC DEVELOPMENT ACTIVITIES WE'VE ALREADY PURSUED AND APPROVED UP THERE POTENTIALLY. I KNOW THAT WE IT WOULD BE FURTHER DOWN LINE JACKSON SHAW HAS TO GET THEIR PIECE FIRST WE APPROVED AGREEMENT WITH SA OF HOLLAND, EMPLOYMENT AGREEMENT, IT WOULD BE GOOD TO SEE IF WE COULD RECOUP FUND VIA TIRZ SOME POINT IN THE FUTURE. >> WITH REGARD TO 5.2, THEY ARE ELIGIBLE TO DRAW ON THAT, THEY PREVIOUSLY SUBMITTED COSTS FOR TIRZ AGREEMENT AND PFP AND DETERMINED ELIGIBLE COST. I BELIEVE PREVIOUS ECONOMIC DEVELOPMENT STAFF WENT THROUGH THAT PROCESS AND GREEN LIGHTED IT, THEY ARE ELIGIBLE TO DRAW ON THE FULL 15 MILLION WHICH INCLUDE 5.2 CERTAINLY IN THE FUTURE THERE IS THE OTHER 20 MILLION IDENTIFIED AS ECONOMIC DEVELOPMENT GRANTS THAT COULD BE TAPPED ONCE -- >> EVERYTHING IN TIER 1 INCUMBERED. JUST TO BE CLEAR. >> YEAH. >> THAT IS HELPFUL, THANK YOU. TIER 2 LAST LINE OF 20 MILLION THAT IS WHERE IT GETS MORE [00:25:02] OPPORTUNISTIC? >> TECHNICALLY THERE IS ABOUT 50,000 UNINCUMBERED JACKSON SHAW COULD GET ACCESS TO IT, OTHER THAN THAT, IT IS INCUMBERED. >> MY LENSEDOING RESEARCH, PRELIMINARY ON JACKSON SHAW 5 MILLION GRANT 50% MATCH FOR ITEMS LIKE RETAINING WALL, UNDERGROUND ELECTRIC UTILITY AND OTHER COSTS, WE'LL GET MORE SPECIFIC INFORMATION, BASICALLY 50% SHARE OF OTHER SPECIFIC COSTS ASSOCIATED WITH CONSTRUCTION OF THE PROJECT. >> IF I COULD GIVE COLOR WHY THE CITY COUNCIL MY PERSPECTIVE ANDECK ARE ELECTION WHY CITY COUNCIL AGREED TO DO A LARGER NORTH SHORE DISTRICT FOR THE TIRZ BECAUSE WHEN WE HAD NEGOTIATION WITH JACKSON AISHAW AND TALKED ABOUT WHAT WAS AVAILABLE, THERE WOULD NOT BE ENOUGH PAYBACK FROM THEIR TRACT, IF YOU WILL, TO FUND AND REIMBURSE COST THEY WERE TALKING ABOUT WITHIN TIMEFRAME THEY WERE EXPECTING, CERTAINLY IF 50-YEAR LONG TIRZ IT WOULD HAVE PAID ITSELF BACK FOR COST THEY WERE CONSIDERING BUT THAT IS WHY IT GOT EXPANDING TO LARGER AREA WITH INTENT LARGER DISTRICT LIKE DOWNTOWN INCENTIVIZING OR PROVIDING OPPORTUNITY THROUGHOUT NORTH SHORE AS ALONG AS IN ALIGNMENT WITH WHAT THE COUNCIL WANTS. >> ANY OTHER COMMENTS OR QUESTIONS? IF NOT, I WILL ENTERTAIN MOMENT TO APPROVE TIRZ 4 BUDGET. >> I SEE MOTION BY MAYOR WINGET. >> APPROVE BUDGET AS PRESENTED. SECOND BY COUNCILMAN BOWERS. >> IS I SECOND. >> CALL THE VOTE. HOPEFULLY. >> THAT PASSES 6 WITH 1 * This transcript was compiled from uncorrected Closed Captioning.