[CALL TO ORDER]
[00:00:10]
>> I CALL THIS MEETING OF THE ABILENE CITY COUNCIL TO ORDER.
MAYOR WILLIAMS COULD NOT BE HERE TODAY AND I'M GOING TO INTRODUCE SOME VERY SPECIAL GUESTS IN A MOMENT BUT IF YOU WOULD JOIN ME FOR PRAYER. WE COME TO YOU TODAY GIVING YOU ALL GRACE AND GLORY, LORD. WE ARE THANKFUL FOR EVERYTHING THAT YOU DO FOR US, FOR THIS COMMUNITY.
WE ASK YOU TO WATCH OVER ALWAYS OUR FIRST RESPONDERS AND HELP THEM BE SAFE AND THE JOBS WERE THEY PROTECT US AND MILITARY WHETHER THEY ARE HERE DID HE HAVE A HEALING HAND TO THEM.
LORD, WE ASK YOU TO WATCH OVER EVERYONE WHO WORKS IN OUR COMMUNITY FOR THIS CITY OR ANYONE WHO TRIES TO MAKE OUR CITY A BETTER PLACE. LORD HELP US BE CONSCIOUS OF OUR DECISIONS TODAY AND SHOW US LOVE AND COMPASSION.
IN JESUS NAME, AMEN. TODAY I HAD WITH ME.
THESE ARE ALL FROM DYESS ELEMENTARY, AIDEN MUMFORD THEY'RE GOING TO HELP US IN THE PLEDGE TODAY.
I 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. I PLEDGE ALLEGIANCE TO THE TEXAS ONE STATE UNDER GOD, ONE INDIVISIBLE.
>> I KNOW THEY BROUGHT A BIG FAN CREW HERE.
>> DO YOU WANT TO GET A PICTURE?
[CONSENT AGENDA AND PUBLIC COMMENTS]
>> WE WILL NOW MOVE TO THE CONSENT AGENDA.
THEY CONSIST OF AGENDA ITEMS TWO THROUGH 11 AND THESE ITEMS WE CONSIDER WITH ONE MOTION AND THERE WILL BE NO SEPARATE DISCUSSION UNLESS A COUNCILMEMBER REQUESTS SEPARATE DISCUSSION. DOES ANYONE IN COUNCIL WISH TO CONSIDER ANY ITEM INDIVIDUALLY. WE WILL NOW MOVE TO THE PUBLIC COMMENT PERIOD AND THERE WILL BE NO VOTES OR ANY FORMAL ACTIONS TAKEN ON SUBJECTS PRESENTED DURING PUBLIC COMMENT. THE PUBLIC COMMENT PERIOD WILL MALE MEMBERS OF THE PUBLIC TO PRESENT IDEAS AND INFORMATION TO CITY OFFICIALS AND STAFF AND PLEASE COME FORWARD AND STATE YOUR NAME AND THE CITY RESIDE IN FOR THE RECORD.
>> FIRST TO HAVE DAVID SCHWARTZ.
>> GOOD MORNING, COUNSEL. ORIGINAL OLDTOWN WEST IN ABILENE. THE ONLY THING US ON THE CONSENT AGENDA SAYS WE WILL DO SOME WORK ON THE RIGHT-OF-WAY OF 83 BUT IT DOES NOT SAY BUSINESS 83.
SEVERAL OF THE PEOPLE THAT MAY WATCH THIS RIGHT NOW OR MAY WATCH IT THREE MONTHS FROM NOW THEY'RE GOING TO SAY WIRE THE TAXPAYERS OF THE CITY PAYING FOR ROAD THAT'S MAINTAINED BY THE STATE? THAT'S THE ONLY QUESTION I REALLY SON. AND, OF COURSE, WE HAVE HAD
[00:05:02]
SOME ELECTION RETURNS SINCE WE LAST MET HERE.ON THE NATIONAL LEVEL IT LOOKS LIKE POSSIBLY THERE WILL BE SOME CHANGES IN OUR CONGRESS AND MAYBE EVEN IN THE SENATE.
THE LOCAL ELECTIONS, NEVER TO GET THE COMPLETE DEAL BUT I KNOW MONDAY HE WILL BE CANVASSING IT, SO IF YOU WANT TO TUNE IN MONDAY OR, TO THE COUNCIL MEETING THEY WILL HAVE IT IN KHAMIS MONDAY THE 21ST FOR OUR LOCAL ELECTIONS.
AND ON A HAPPY NOTE, SINCE WE MET, WE DID ACHIEVE ANOTHER WORLD VICTORY AT THE HOUSTON ASTROS. WAS A LITTLE WORRIED ABOUT THE METRO FIRST FOR A WHILE BUT WE DID PULL THROUGH.
THERE'S NOT REALLY MUCH ON HERE.
I DID NOT DOWNLOAD THE PACKET BECAUSE WHEN YOU ARE DOING IT ON MOBILE DEVICES, YOUR MOBILE DEVICE DOES NOT LIKE DOWNLOADING SEVERAL HUNDRED PAGES PDF FILES AND THAT'S REALLY THE ONLY QUESTION I HAD. IT JUST IS WORKING ON THE RIGHT-OF-WAY. IF IT WOULD'VE SAID ON BUSINESS 83 IN THE DOCUMENTATION THAT WOULD BE TREADAWAY BOULEVARD AND I WOULD UNDERSTAND POSSIBLY WHY WE WOULD BE DOING SOMETHING FOR THAT.THER THAN THAT THERE'S NOT REALLY MUCH ON THE CONSENT AGENDA THAT I NEED TO COMPLAIN ABOUT OR NOT COMPLAIN ABOUT, BUT I DO APPRECIATE YOU HAVING THE COUNCIL WEEK BEFORE TURKEY DAY. I KNOW NEXT WEEK WE WILL ALL GATHER WITH FRIENDS AND FAMILY AND I KNOW NEWER GENERATION CALL IT FRIENDS GIVING, WHICH I GUESS IS A FANCY WORD FOR SAYING WE ARE GOING TO MEET WITH FRIENDS AND HAVE A CELEBRATION. BUT OTHER THAN THAT, IF YOU DON'T HAVE FAMILY, MAYBE YOU CAN GET WITH SOME FRIENDS OR SOMETHING OR IF NOTHING ELSE, MAYBE YOU CAN GO OUT TO EAT AND GO SOMEWHERE PARTAKE IN OUR LOCAL CUISINE.
THAT'S REALLY ALL I HAVE AND I DON'T EVEN HAVE ENOUGH TIME TO END ON A POSITIVE NOTE OTHER THAN IN STAR TREK WHEN MCCOY TOLD SPOCK, DON'T YOU WISH YOU HAD STAYED IN BED THIS MORNING? IT WAS AWFUL NICE AND WARM TO GET UP TO COME DOWN HERE.
BUT IT'S ALL WELL WORTH IT. THANK YOU VERY MUCH, COUNSEL.
>> (NAME). DO I HAVE THAT FOR YOU CUT
NUMBER EIGHT LISTED. >> THIS IS CONSENT AGENDA SO NUMBER EIGHT WOULD BE THE TIME TO SPEAK ON THIS.
IT WILL BE PULLED INDIVIDUALLY AT THIS TIME BUT YOU CAN SPEAK
ON IT. >> I AM CORY FROM TEXAS AND I'M HERE TO SPEAK ON BEHALF OF THE WEST TEXAS FOR THEIR PLANNED DEVELOPMENT REQUEST HERE ON THE NORTH SIDE OF THE CITY AND I'M HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE ABOUT THIS AND IF YOU LOOKED AT THE PACKET, WE ARE PLANNING TO PUT DOWN APPROXIMATELY 724 RESIDENTIAL LOTS AND OF THOSE WITHOUT A SIGNIFICANT NUMBER OF TOWNHOME LOTS ON THE NORTH SIDE AND THAT'S REALLY THE REASON FOR THE PLAN DEVELOPMENT.
JUST A TYPICAL SINGLE-FAMILY RESIDENTIAL.
I'M HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE AND I BELIEVE YOU WERE PROVIDED WITH A VIDEO FROM THE DEVELOPERS SHOWING KIND OF THE PRODUCT WE'VE DONE IN THE PAST.
FOR THOSE THAT ARE FAMILIAR WITH THE TOWNHOME, A TOWNHOME IS A NARROWER LOT BUT IT'S A ZERO SETBACK SO YOU CAN BUILD SEVERAL IN A ROW UNDER THE SAME ROOF.
IT'S VERY POPULAR FOR INVESTORS AND IT CAN ALSO BE OWNED INDIVIDUALLY BY INDIVIDUALS SO IT'S STILL A SINGLE-FAMILY TYPE ZONE. IT JUST HAS A DIFFERENT SETBACK. SIMILAR TO A DUPLEX BUT A LITTLE BIT WIDER USUALLY. WITH THAT I'M HAPPY TO ANSWER ANY QUESTIONS YOU MIGHT HAVE BUT I JUST WANTED TO INTRODUCE MYSELF AND THIS PROJECT. THANK YOU.
>> I HAVE ONE MORE CARD AND IT'S FOR NUMBER 12 AND THAT
WILL BE CONSIDERED. >> WE ARE STILL IN THE PUBLIC COMMENT PERIOD. WOULD ANYONE ELSE LIKE TO SPEAK
AT THIS TIME? >> I'M A RESIDENT OF ABILENE
[00:10:11]
AND ATTENDED MY FIRST CITY COUNCIL MEETING IN DECEMBER OF LAST YEAR AND I KNEW I NEEDED TO OBSERVE AND WATCH BEFORE I STARTED JUMPING IN AND SPEAKING ABOUT THINGS THAT MATTER TO ME SO I SHOWED UP. I TRIED TO UNDERSTAND HOW THE SYSTEM WORKS. I TRY TO UNDERSTAND HOW THIS METHOD COULD BE A PART OF SOLVING PROBLEMS RATHER THAN SITTING BACK AND COMPLAINING ABOUT WHAT WASN'T WORKING.I FOUND THERE WASN'T A LOT OF INFORMATION OUT THERE TO HELPED ME. I DIDN'T HAVE ANY PERSONAL RELATIONSHIP WITH ANY OF YOU BUT I DIDN'T GIVE UP CHAIRS AND WELL READ SO I'M APPARENTLY NOT YOUR TYPICAL PUBLIC COMMENTER WHO WAS 100 MILES WIDE AND ONLY IF THAT DATE. IMAGINE THOSE WHO WANT TO BE BETTER INFORMED NOW FEELING LIKE THEY'VE BEEN SHAMED IF THEY DO IT WRONG. I'VE BEEN BAFFLED BY THE LACK OF COMMUNITY INVOLVEMENT IN THE LAST YEAR THAN OBSERVING.
BUT I'M UNDERSTANDING MORE AND MORE WHY.
IT'S SO DISHEARTENING AS A PERSON LIKE ME HAS BEEN ACTIVELY TRYING TO FIGURE OUT HOW TO BECOME A BETTER PARTICIPANT IN THE CITY TO HEAR COUNCILMAN TALKING ABOUT FAITH AND POLITICS ON A TOPIC OF TREATING PEOPLE WITH KINDNESS ALL THE WHILE MISCHARACTERIZING AND BELITTLING SOME OF THE MOST EVOLVED CITIZENS IN OUR COMMUNITY.
THOSE COMMENTS WHETHER INTENTIONAL OR NOT FURTHER INTIMIDATE THE PUBLIC FOR DOING OUR PART AND PROCESS.
IF YOU THINK PUBLIC COMMENTER'S ARE UNINFORMED WHAT CAN YOU TAKE THAT AS AN OPPORTUNITY TO BRING EDUCATION AND AWARENESS TO YOUR CONSTITUENTS. I IMAGINE THIS IS A DANGEROUS ASPECT OF GENERALIZING PEOPLE. CITIZENS SHOULD BE HONORED FOR TRYING INSTEAD OF ADDRESSING THOSE -- INSTEAD OF CONDEMNING THEM OR CRITICIZING THEM. THOSE WHO YOU ARE ADDRESSING WHEN YOU GENERALIZE DON'T THINK OF THEMSELVES AS A PERSON YOU ARE TALKING ABOUT INSTEAD, THOSE WHO ARE TRYING FEEL DISCOURAGED AND WONDER WHAT DIFFERENCE REALLY CAN BE MADE.
JUST BECAUSE THE ASSUMPTION IS MADE THAT SOME OF US COME UP TO PUBLIC COMMENT SECTIONS ARE IGNORANT AND UNINFORMED DOESN'T MEAN THAT'S TRUE. AND INSULTING I'VE BEEN DOING MY BEST TO FIGURE OUT WHAT TO DO FOR YEARS.
IT WAS JUST LAST MONTH I WAS ABLE TO UNDERSTAND WITH MEETING PACKAGES AND WISE AND IMPORTANT TO READ YET NOT ONE OF YOU THOUGHT OF A REMINDER TO LET US KNOW THE MEETINGS CHANGE THE NOVEMBER AND DECEMBER DUE TO THE HOLIDAYS.
WE ARE NOT NOT TRYING.T SEEMS YOU DON'T WANT US TO SUCCEED.'M BAFFLED AS TO HOW WE ARE SUPPOSED TO MAKE THINGS BETTER WHEN IT'S CLEAR IT SEEMS PREFERABLE FOR YOU TO DO YOUR JOB PRESENT OR INVOLVED AND MAY NOT CHANGE WITH YOUR THOSE WHO RECOGNIZE THE VALUE OF CITIZEN INVOLVEMENT.
THANK YOU. >> WHAT ANYONE ELSE LIKE TO
PARTICIPATE AT THIS TIME? >> GOOD MORNING.
JUST UNIONS A COUPLE OF HER QUESTIONS.
THE REASON A LOT OF INDIVIDUALS IN THIS TOWN DON'T COME APPEARING ADVOCATE ON BEHALF OF THINGS THERE'S MULTIPLE REASONS SOMEONE IN PARTICULAR IS BECAUSE THEY ARE RETALIATED AGAINST AN INDIVIDUAL'S HAVE BEEN RETALIATED AGAINST BY COUNCILMEMBERS. SO JUST TO KIND OF ANSWER HER QUESTIONS AND IF YOU HAVE A BUSINESS OR NONPROFIT OR DOING ANYTHING IN TOWN IF YOU GO UP AGAINST THE WRONG PEOPLE YOU WILL MAKE IT. THEY WILL MAKE IT DIFFICULT AND THERE'S INDIVIDUALS SITTING ON THIS COUNCIL THAT HAVE DONE ANIMAL CONTINUE TO DO THAT AS LONG AS THEY REMAIN ON COUNSEL.
BACK TO WHY I CAME UP HERE TO SPEAK IS REGARDING WHAT'S ON THE REGULAR AGENDA THE TERS AND I WOULD LIKE TO REQUEST THAT YOU CHANGE THE MEETING AGENDA IS SET UP SO WE CAN COME BACK UP HERE AND TALK LIKE IT WAS SET UP BEFORE WITH THE CONSENT AGENDA BACK TO THE TERS. SOMETHING YOU SHOULD CONSIDER IS IT'S NOT THE COMMENTATORS YOU'RE ON THE IGNORANT AND WHAT HAPPENS WITH THE CITY. WE ARE HAVING ANOTHER THAT'S COMING UP THAT'S 100 PERCENT OWNED BY ABILENE CHRISTIAN UNIVERSITY AND FOR THOSE PEOPLE WHO ARE LISTENING AND ARE NOT AWARE SHAMED PRICE'S LIFE IS IN PLACE TO HELP MCALLISTER AND ANTHONY MANN STATING ANTHONY WILLIAMS IS AN INDIVIDUAL WHO ARE DIRECTLY TIED FINANCIALLY TO ABILENE CHRISTIAN UNIVERSITY. WE LOOK AT WHAT THEIR NET WORTH IS ON THE WEBSITE, THEIR ENDOWMENT HOLDS ABOUT $500 MILLION.ND THEIR NET WORTH HAS RISEN TO ALMOST $630 MILLION. SO WHEN YOU LOOK AT THE THAT'S GOING TO EAT A $13 MILLION TO INFRASTRUCTURES THAT PEOPLE WHO WERE SITTING ON THE COUNCIL NOW HAVE STRATEGICALLY FINANCIALLY STARVED OUT AND FORGOT ABOUT THAT'S MONEY THAT CAN GO BACK TOWARD STAFF. SO THAT'S SOMETHING THAT IF YOU ARE NOT AWARE ONLY COUNSEL I WOULD LIKE TO MAKE YOU AWARE OF AND IF THE PUBLIC IS AWARE OF, THAT'S SOMETHING I WOULD LIKE THE PUBLIC TO KNOW. IF ACU IS GOING TO IMPLEMENT A HERS BECAUSE THEY HAVE PEOPLE THAT WILL MAKE THAT HAPPEN ON THE COUNCIL YOU NEED TO IMPROVE INCLUDE THE PUBLIC.
THERE IS A NEIGHBORHOOD THAT'S EXPERIENCING AN EXCESSIVE AMOUNT OF LIGHT AND NEIGHBORS IN THAT NEIGHBORHOOD HAVE APPROACHED ACU FOR HELP AND NOT ONLY WERE THEY TURNED DOWN, BUT THEY WERE KIND OF BACKDOOR. IT WAS MESSED UP THE WAY THEY
[00:15:01]
DID INDIVIDUALS. IF ACU WANTS THE PUBLIC TAX DOLLARS TO BACK THEIR FINANCIAL ENDEAVORS KIND OF LIKE ALAN RIDGE, THEY NEED TO INCLUDE THE CITIZENS BECAUSE IT'S NOT YOUR MONEY. IT'S NOT ACU'S MONEY.THEY RUN THIS TOWN BUT WE ARE NOT SLAVES FOR ACU.
WHEN YOU MAKE A DECISION REGARDING THE TERS THAT SOMETHING YOU NEED TO CONSIDER. WE ALL WANT CONCLUSION.
BEYOND OUR SEAT AT THE TABLE. THANK YOU FOR YOUR TIME.
>> IS THERE ANYONE ELSE? >> I'M NOT GOING TO TALK ON THAT STUFF. WHAT I WANTED TO TALK ABOUT WAS THERE 10 ACTIVITIES I AM FLYING GOODMAN.
ABILENE. THERE'S BEEN A LOT OF BOARDS THAT I HAVEN'T LOVED AND I TO TALK ABOUT THE WORDS THAT YOU HAVE FOR THE LIBRARY ADVISORY. FOR YOU TO KIND OF KEEP IN TOUCH WITH OTHER THINGS GOING ON I THINK EVERYONE IN THE NATION IS WATCHING LIBRARIES WITH ALL THE CRAZY THINGS HAPPEN OFFICIALLY THE WAY THE LAST ADVISORY BOARD MEETING WENT.E CAME TOGETHER AND MET HERE AND BASICALLY WHAT KIND OF HAVE READ A FEW OF THE BOOKS THAT TURNED OUT WHEN I TALKED TO THE PEOPLE IN ADVISORY BOARD HAVEN'T REALLY UNDERSTOOD WHAT WAS IN THE BOOK THAT EVERYBODY'S LIKE YOU'RE GOING AFTER THESE BOOKS THAT HAVE BEEN HERE FOREVER MORE LIKE NO.
A LOT OF THESE THAT HAVE COME DOWN FROM THE PIPELINE IN THE LAST COUPLE OF YEARS -- AND STAN LAMBERT READ ONE OF THEM YESTERDAY AND SAW HIS FACE AND I WAS LIKE THEY ARE PRETTY BAD.
SO THESE ARE KIND OF WHAT WE ARE TALKING ABOUT WHEN WE ARE SAYING WHAT YOU TO BE INCLUDED IN THE CONVERSATION AND SEE IF IT'S IN THE LIBRARY AND GOING FORWARD.
I KNOW WE SEEM CRAZY AT TIMES, BUT IT'S HARD TO SHARE A MESSAGE THAT YOU CAN'T EVEN SEND THROUGH AN EMAIL, KENT, NEWSPAPER OR ON A WEBSITE SO WHAT WE WANT TO DO IS HAVE PEOPLE READ THE BOOK SINCE EVEN SEND THEM FOR THEMSELVES.
ONE OF THE RESOURCES THAT YOU ALL CAN USE TO UNDERSTAND WHAT'S IN THAT AND TO AVOID A LOT OF THAT AND I SENT IT IN SOME OF THE BOOKS. YOU CAN PULL UP A BOOK THAT'S IN THE LIBRARY BE ABLE TO SEE ALL OF THE CONFLICT, ALL OF THE THINGS THAT ARE INAPPROPRIATE. I APPRECIATE THE ADVISORY BOARD WILLING TO STALL THIS MEETING A LITTLE BIT SO THEY CAN BECOME MORE INFORMED AND SO THAT'S KIND OF WHERE WE ARE IS A PROCESS AND WE NEED TO UNDERSTAND BETTER WHAT'S GOING ON IN HERE, SIMPLY KIND OF HELD BACK ANOTHER MEETING LATER TO BECOME MORE INFORMED AND NOT SO MUCH AS I APPRECIATE THE WAY THEY DID THINGS AND I WANT TO THANK THEM FOR THE WAY THEY
HANDLED THEMSELVES. >> STILL IN THE PUBLIC COMMENT PERIOD. ANYONE ELSE WHO WOULD LIKE TO SPEAK THIS TIME? SEEING NO ONE I WILL CLOSE THE PUBLIC COMMENT PERIOD. I WILL NOW ASK PERMISSION ON THE CONSENT AGENDA CONSISTING OF ITEMS TWO THROUGH 11.
>> I HAVE A MOTION AND A SECOND IS THERE ANY FURTHER DISCUSSION IF NOT, WE ARE READY TO VOTE.
[12. Ordinance (Final Reading) Receive a Report, Hold a Discussion and Public Hearing, and Take Action on Approving Tax Increment Reinvestment Zone (TIRZ) #3 (Robert Hanna)]
>> MOTION CARRIES. WE WILL NOW MOVE TO THE REGULAR AGENDA. ITEM NUMBER 12 AND I WILL ASK THE CITY MANAGER TO PRESENT THIS ITEM.
>> THANK YOU AND IN JUST A MOMENT I'M GOING TO INVITE OUR CONSULTANTS TO COME UP TO HELP PREPARE THE FINANCIAL CONCEPT PLAN AND THE -- FOR THE REINVESTMENT ZONE.
I JUST BRIEFLY WENT TO GO OVER SOME OF THE LARGER NUMBERS OF THIS. WE HAVE DISCUSSED THIS WITH COUNSEL IN EXECUTIVE SESSION A NUMBER OF TIMES.
JUST WOULD GENERATE -- SINGLE-FAMILY RESIDENTIAL NEIGHBORHOOD ON THE NORTH SIDE OF TOWN AND WILL BE 9-1-1 SINGLE-FAMILY HOMES. AS A FOREIGNER $36 MILLION AND GOVERNMENTAL TAX VALUE TO THE COMMUNITY.
WHAT IS ON THE TABLE IS 25 PERCENT OF THE CITY OF ABILENE'S INCREMENTS AND THE REASON WHY WILLING TO START OR ESTABLISH IT THAT SHE WAS A WANT TO SET THAT BASELINE TAX VALUE IN THIS YEAR.ITH THE CONSULTANT WILL WALK THROUGH IS THE PROCESS GOING FORWARD WITH THE POINT OF A TERS BOARD DEVELOPING A PROJECT PLAN AND ALL OF THIS CAN COME AT A LATER DAY AND THEY DON'T NEED TO BE DONE BEFORE WE CREATE IT.
[00:20:01]
WITHOUT FURTHER DUE, I WOULD INVITE NATALIE TO COME TALK ABOUT THE TAX INCREMENT REINVESTMENT ZONE AND MR. DAVIDPETTIT. >> MY NAME IS NATALIE MOORE I HAVE DAVID WITH ME AND WE ARE BASED OUT OF FORT WORTH.
WE ARE HAPPY TO BE HERE TODAY TO TALK TO YOU ABOUT TAX INCREMENT REINVESTMENT NUMBER THREE.
OUR PRESENTATION WILL COVER A TERS OVERVIEW DISCOVERING THE CONCEPT OF WHAT IT IS AND I WILL HAND IT OFF TO DAVID TO TALK TO THE SPECIFICS. TAX INCREMENT REINVESTMENT ZONE'S ARE CALLED SOMETIMES THEY MIGHT REFER TO THEM AS A TIF. THE TAX INCREMENT FINANCING WITH ANY TAX INCREMENT REINVESTMENT ZONE.
EIGHT TIF IS A MECHANISM IN TERS IS THE ZONE ITSELF.
HUNDREDS OF TERS HAVE BEEN CREATED IN THE STATE OF TEXAS THIS IS THE THIRD TIRS HERE. A COMMONLY USED TOOL THROUGHOUT THE STATE CITIES ALONE OR IN PARTNERSHIP WITH OTHER TAXING ENTITIES CAN USE THIS TOLD TO PAY FOR IMPROVEMENTS IN THE ZONE SO THAT IT WILL ATTRACT NEW DEVELOPMENT, FACILITATE INVESTMENT AND BRING EXCITEMENT AND ENERGY TO A DESIGNATED AREA. IT'S IMPORTANT TO REMEMBER THAT ANYTIME YOU'RE USING AN INCENTIVE TOOL WE ARE USING IT TO FACILITATE INVESTMENT THAT BUT FOR THE SUPPORT OF THIS PUBLIC-PRIVATE PARTNERSHIP WOULD NOT MOVE FORWARD.
AS MR. HANNAH MENTIONED MERELY TALKING ABOUT INCREMENTAL TAXES AND THIS IS NEW INVESTMENT THAT IS ABOVE AND BEYOND WHAT IS CURRENTLY IN PLACE. TAXING ENTITIES CONTRIBUTE AD VALOREM TAXES RECEIVED FROM INCREMENTAL VALUE INCREASES ON PROPERTY. THE BASE YEAR IS ESTABLISHED AS IN THE YEAR IN WHICH THE IS CREATED BECAUSE WE ARE GOING TO BE CREATING THIS THIS YEAR THE BASE VALUE WOULD BE OF THE PROPERTY AS OF JANUARY 1, 2022. BECAUSE OF THE OWNERSHIP OF THE PROPERTY WITHIN THE ZONE THE TAXABLE VALUE BASE OF THE PROPERTY IS ZERO. THERE ARE NO TAXES BEING COLLECTED IN THE PROPERTY BECAUSE IT IS OWNED BY A TAX EXEMPT ENTITY. WHEN THE PROPERTY CHANGES OWNERSHIP IN THIS NEW INVESTMENT COMES INTO PLAY IT WILL BE IMMEDIATELY A BENEFIT TO THE COMPANY BECAUSE THAT PROPERTY IS GOING FROM OFF TO ON.
IT CAN PAY FOR INFRASTRUCTURE, PUBLIC IMPROVEMENTS, ECONOMIC DEVELOPMENT PROGRAMS WERE OTHER PROJECTS BENEFITING THE ZONE.
THIS IS A REALLY NICE GRAPHIC THAT SHOWS THE MECHANISM OF HOW THE WORKS. THE CREATION OF THE ON THE BOTTOM LEFT THAT WOULD BE THIS YEAR, 2022.
WE ARE PROPOSING A 20 YEAR TERM FOR THE SO THE END WOULD BE IN 20 YEARS'S TIME. THE YELLOW HORIZONTAL COLUMN THAT YOU SEE, THE BASE PROPERTY TAX.
RIGHT NOW, THIS GRAPHIC IS SHOWING IT AS IF THERE IS SOMETHING THERE BUT RIGHT NOW THERE'S NO TAXES BEING GENERATED FROM THE SITE BECAUSE IT'S EXEMPT.
AS TIME MOVES FORWARD INCREMENTAL PROPERTY TAX VALUE WE ARE PROPOSING 25 PERCENT OF THAT TO GO TO PROJECTS AND THEN 75 PERCENT OF THE INCREMENTAL TAX REVENUE WOULD BE RETAINED.
THIS IS ONLY FOR THE CITY OF ABILENE'S PROPERTY TAX REVENUE AND ALL OF THE OTHER TAXING ENTITIES WOULD RECEIVE AN IMMEDIATE BENEFIT OF 100 PERCENT OF ANY INCREMENTAL TAXES GENERATED WOULD BE GOING TO THE GENERAL FUND FOR THE CITY OF ABILENE WILL PUT IN 25 PERCENT OF THAT INTO THE FUND TO BE USED FOR PROJECTS THAT WOULD MAKE THIS PROJECT POSSIBLE AND IS 75 PERCENT OF THAT REVENUE WOULD GO -- 75 PERCENT OF THE TAX REVENUE WOULD GO TO THE GENERAL FUND IMMEDIATELY BENEFITING THE COMMUNITY.
CREATION PROCESS AS I MENTIONED IS COVERED BY CHAPTER 311 AND OUTLINES THE WAY TO CREATE OR AMEND THE THERE'S TWO MAIN DOCUMENTS. THE CREATION ORDINANCE BEING PRESENTED TODAY FOR YOUR CONSIDERATION AND THEN THERE IS A PROJECT AND FINANCING PLAN. CREATION ORDINANCE ESTABLISHES FIVE KEY ELEMENTS, THE BOUNDARY, THE TERM WHICH I MENTIONED IS 20 YEARS, THE BOARD MAKEUP, CITY PARTICIPATION WHICH WE ARE PROPOSING 25 PERCENT AND THEN THE PRELIMINARY PROJECT AND FINANCING PLAN IS AS AN EXHIBIT TO THAT ORDINANCE ONCE IT'S CREATED THE FINAL PROJECT AND PLAN WOULD NEED TO BE APPROVED BY THE BOARD AND CITY COUNCIL APPROVED BY A SEPARATE ORDINANCE.
WITH THAT, I WILL HAND IT OVER TO DAVID.
>> NATALIE IS DOING A GREAT JOB SO I THOUGHT SHE I WOULD LET HER FINISH WHAT YOU HEAR FROM THE OLD GUY.
WE ARE TAKING PROPERTY THAT'S TAX-EXEMPT AND MAKING IT
[00:25:01]
TAXABLE. THIS IS APPROXIMATELY 420 ACRES GENERALLY LOCATED WEST OF JAKE ROBERTS RELATE BOUND BY NORTH 10TH ST. TO THE NORTH AND EAST HIGHWAY 82 THE SOUTH.THE PURPOSE IS TO ENCOURAGE PRIVATE DEVELOPMENT THAT WILL YIELD ADDITIONAL TAX REVENUE TO ALL JURISDICTIONS.
THIS IS A BIG DEVELOPMENT. 9-1-1 SINGLE-FAMILY RESIDENTIAL UNITS THIS IS 136 MILLION TAX VALUE AND WE WILL BE FUNDING PUBLIC IMPROVEMENTS TO SUPPORT THIS DEVELOPMENT MADE TO THE IF YOU LOOK AT THOSE CURRENTLY, THE PROPERTY IS GENERATING NO TAXES. ONE SET CHANGES HANDS WILL BECOME TAXABLE SO FOR EVERY ONE DOLLAR THAT COMES INTO THE CITY, $0.25 WILL COME TO A SPECIAL FUND TO PAY FOR THE ROADS AND WATER AND SEWER BASIC INFRASTRUCTURE WITH THE RETENTION OF 75 PERCENT TO THE GENERAL FUND.
WE ARE RECOMMENDING 25 PERCENT AND A 20 YEAR TERM IF YOU LOOK AT THE TOTAL TAXES GENERATED YOU CAN IMAGINE THIS PROPERTY NOW IS NOT GENERATING ANY TAX INCREMENT AND IT WILL COME ON BOARD AND YOU CAN SEE THE MAJOR BENEFIT IS GOING TO BRING FROM THE TOTAL TAXES GENERATED NOT ONLY FROM THE AD VALOREM BUT THERE WILL BE MANY OTHER TAXES WE DID NOT TAKE INTO CONSIDERATION BUT YOU NUMBER PEOPLE LIVING HERE AND SPENDING MORE MONEY HERE. SO WITH $54 MILLION BEING GENERATED, PUTTING 13.5 TOWARDS THE WITH A NET BENEFIT OF 40 MILLION GOES INTO A PROJECT COST AND WHAT NOT ONLY TALKED ABOUT WHAT I CALL THE TEXAS TWO-STEP THIS IS THE FIRST STEP. THE SECOND STEP IS THAT WE CREATE THE PLAN. THAT 13 MILLION GOES INTO A MYRIAD OF PUBLIC INFRASTRUCTURE IMPROVEMENTS THAT CAN HELP FUND THE PROJECT AND THIS WILL BE EVALUATED ON A CASE-BY-CASE BASIS BY THE BOARD AND CONSISTENT WITH THE CATEGORIES ABOVE AND THEN FORWARDED TO THE CITY COUNCIL FOR CONSIDERATION.
OUR NEXT STEPS, YOU HAD A FIRST READING OF THIS ON NOVEMBER 3.
THIS IS THE SECOND READING IN THE PUBLIC HEARING.
IF WE MOVE FORWARD TODAY, WE ANTICIPATE APPOINTING THE BOARD AT YOUR NOVEMBER 9 MEETING CONSISTENT WITH HOW YOU CREATED YOUR OTHER BOARDS AND THEN WE WOULD HAVE A MEETING FOLLOWING THAT. WE DON'T HAVE A DATE JUST YET RECOMMENDING APPROVAL OF THE FINAL PROJECT AND FINANCING PLAN AND THEN DOING TWO READINGS OF THAT.
THE FINAL PROJECT AND FINANCING PLAN DOES NOT REQUIRE A PUBLIC HEARING. WITH THAT, AND HAPPY TO ANSWER
ANY QUESTIONS. >> THANK YOU BOTH.
I JUST WANT TO CLARIFY THAT THE PROJECT PLAN THAT'S INCLUDED IN THE PRESENTATION ENCOMPASSES ALL OF THE AVAILABLE CATEGORIES YOU CAN USE A FOR AN COUNSEL WILL RECALL THAT WE FOCUS OUR DISCUSSION ON STORMWATER IMPROVEMENTS.
THOSE CATEGORIES AND THERE CAN BE SET 13 FIVE $2013.5 MILLION NUMBER AND THE BOARD WILL HAVE THE FREEDOM TO BE ABLE TO -- DIVVY UP THAT HOWEVER THEY WANT TO AND SO WHAT WE TALKED TO THE COUNCIL AND DEVELOPMENT AROUND IS A $10.5 MILLION WATER, OFF-SITE SAILOR AND THEN ON-SITE STORMWATER IMPROVEMENTS WE WILL HAVE AN ON-SITE IMPACT DOWNSTREAM.
THAT'S ABOUT 10.5, TOTAL. JUST FOR CLARITY OF THAT.
>> AND I DO WANT TO CLARIFY, THIS IS JUST A CATEGORY.
THIS IS A PRELIMINARY SO BASICALLY WE LIST ALL THE ELIGIBLE ITEMS AND AS YOU GET FURTHER AND WITH THE DEVELOPER,
YOU HAVE TO COME TO THE BOARD. >> THANK YOU, DAVID.
>> DOES ANYONE HAVE ANY QUESTIONS?T THIS TIME I WILL OPEN UP THE PUBLIC HEARING. IS THERE ANYONE WHO WOULD LIKE TO SPEAK FOR OR AGAINST THIS ITEM, COME FORWARD AND GIVE YOUR NAME TO THE RECORD AND WHEN, I THINK YOU HAD A CARD.
>> ONE CARD AND I BELIEVE ROBIN WALLS.
>> GOOD MORNING. A PARTICULAR AREA IS ON 57 LOTS ON THE SOUTHWEST SIDE OF THE BOUNDARY.
AND IT'S CALLED PASADENA HEIGHTS.
BACK IN THE 50S THAT'S WHERE THEY MADE THE BLACK SLIP WHO CAN AFFORD THE AREA. IT'S BEEN FLOODING FOR 50 OR 60 SOME YEARS. WHAT SHE JUST READ ABOUT IMPROVING, THAT NEEDS IMPROVEMENT AND I FELT LIKE IF IT IS APPROVED THE TAXES ARE GOING TO GO UP.
IF IT'S NOT APPROVED, THE TAXES ARE STILL GOING TO GO UP.
I WOULD LIKE TO BE EXTENDED THE BOUNDARY TO PASADENA HEIGHTS TO BE INCLUDED ON THIS ZONE BECAUSE IT'S GOING TO BENEFIT EVERYONE, NOT JUST ME AND NOT JUST THE 9-1-1 HOMES.
[00:30:02]
THE HOMES IN THAT AREA RIGHT NOW 30, 40,000 APPOMATOX.IN THE HOMES ARE GOING TO BE PUT ON THE OTHER SIDE ON THE EAST SIDE OF THEIR THREE OR FOUR OR 500,000.
SO SOMEWHERE IT'S GOT TO BE A WALL PETITION SOMETHING TO DIVIDE SO I WOULD LIKE TO HAVE THIS EXTENDED OUT MAY BE LOOKED AT AGAIN BECAUSE I DON'T FEEL LIKE I'M GETTING A FAIR SHAKE BECAUSE IF I COME BACK AND PUT HOMES ON MY PROPERTY, I DON'T THINK I'M GOING TO GET THE SAME MONEY, HELP.
IF I DO, I WILL LOVE IT BUT I DON'T SEE IT.
>> WAS THERE ANYBODY ELSE WHO WANTED TO SPEAK AT THIS TIME ON
THIS ITEM? >> I AM RYAN GOODWIN, ABILENE CITIZEN. THE ONLY THING I WANTED TO ASK WITHOUT AT THIS CONVERSATION GET STARTED? I AGREE WITH HOMES BEING BUILT BEHIND ON HOMES AND WE NEED TO BUILD MORE HOMES AS WE ARE A GROWING CITY AND THERE NEEDS TO BE NEW THINGS. I THINK THIS IS A WIN-WIN SITUATION FINANCIALLY. I DON'T CARE THAT ACU OWNS ALL OF THOSE THINGS. WAS THIS THE CITY OR THE ACU WHO STARTED THIS? AND GET GOING ON THIS.
FOR PEOPLE THAT MAYBE ARE WATCHING US THAT YOU LOOK LIKE THEY'RE GOING TO DROP WE HAD ONE GUY WANT TO DO 700 UNITS JUST TODAY. IS THIS SOMETHING YOU'D BE WILLING TO HAVE CONVERSATIONS WITH IN THE FUTURE WITH OTHER INVESTORS ABOUT THESE KIND OF INVESTMENT ZONES? AND SO HOW WOULD AN INVESTOR THAT WANTS TO DO WITH ACU IS DOING ABLE TO START THAT CONVERSATION WITH YOU ALL? IS THAT AN OPEN DOOR? DO THEY NEED TO REACH OUT TO ROBERT? IF THIS IS A WIN-WIN SITUATION WHY COULDN'T WE DO IT IN OTHER PLACES?OW COULD WE START
THAT CONVERSATION? >> THIS PARTICULAR CONVERSATION STARTED BECAUSE THE INVESTMENT ARM OF ACU WHICH IS AFFILIATED WITH ACU BUT SEPARATE FROM THEM AS WELL APPROACHED THE CITY OF ABILENE ABOUT PARTNERING FROM AN INCENTIVE STANDPOINT TO HELP THE DEVELOPMENT COSTS.
THE ORIGINAL REQUEST WAS LARGER THAN WHAT IS BEFORE COUNSEL TODAY. THE CITY OF ABILENE UNDER MY TENURE HAS BEEN PRETTY AGGRESSIVE AND PARTNERING WITH THE PRIVATE SECTOR TO HELP ENCOURAGE AND PROMOTE ECONOMIC DEVELOPMENT IN OUR COMMUNITY. WE IDENTIFIED OPPORTUNITIES THROUGHOUT THESE REALLY PAST SEVEN OR EIGHT YEARS CONSISTENT WITH COUNSEL'S DIRECTION THAT THE CITY OF ABILENE WILL BE INTERESTED OR OPEN TO DISCUSSING PARTICIPATION IN PROJECTS FOR OFF-SITE UTILITY COSTS.
IF YOU LOOK HISTORICALLY AT THE INVESTMENTS, THE CITY OF ABILENE HAS MADE AN ECONOMIC DEVELOPMENT WE HAVE ASSISTED GETTING WATER AND SEWER LINES TO THE EDGE OF THE PROPERTY TO SERVICE THE PROPERTY. BECAUSE OF THE SIZE AND STORMWATER CONCERNS OF THIS PROPERTY THERE SEEM TO BE LEGITIMATE PURPOSE TO PARTNER WITH THE ACU ON THEIR STORMWATER COMPONENTS BECAUSE OF OFF-SITE IMPACTS.
AND SO THE CONVERSATION WAS HAD WITH COUNSEL.
THE LEVEL OF PRIVATE INVESTMENT WILL BE UNIQUE TO ABILENE.
WE DON'T HAVE A SUBDIVISION THAT'S GOING TO HAVE AS MUCH INTEGRATED GREEN SPACE AS THIS ONE WELL.
IT WOULD BE A NEAT OPPORTUNITY FOR THE CITY OF ABILENE AS WELL AND A $10.5 MILLION AND STORMWATER IMPROVEMENTS AND UTILITIES IT WILL BE IN THE PROJECT PLAN WITH ITS IMPROVEMENT ONTO THE WHOLE PROCESS IF COUNSEL CREATES THE TIRS AND COUNSEL IS AGREEABLE TO EVERYTHING WILL ALLOW THE DEVELOPMENT TO TAKE PLACE. BUT WITHOUT ASSISTANCE I DON'T HAVE AC WILL MAKE THIS INVESTMENT.
JUST LIKE EVERY OTHER INVESTORS IN AMERICA, THEY'RE LOOKING FOR A CERTAIN RATE OF RETURN IN EXISTENCE IS NECESSARY TO BE ABLE TO ALLOW THEM TO GET DEVELOPMENT THROUGH THE PROCESS
[00:35:14]
BUT IT'S NOT ANY MORE THAN NECESSARY.IT'S LESS THAN WHAT THEY WANTED.
I THINK WE CAN BE PRETTY CLEAR ON THAT.
WE ARE TRYING TO BE RESPONSIBLE WITH TAXPAYERS MONEY.
IT'S NOT A GRAB BAG OF PUBLIC MONEY.
IT'S AN OPPORTUNITY TO FACILITATE DEVELOPMENT AND THE BEAUTY OF THE IS YOU CAN DO IT IN A MANNER THAT COSTS THE CITY NOTHING. DEVELOPMENT DOESN'T TAKE PLACE WE WON'T GET ANY MONEY. IT'S TAX-EXEMPT RIGHT NOW.
BECAUSE OF THE CREATION OF THE AND THE PARTNERSHIP ON THIS PARTICULAR PORTION OF IT, WE ARE GOING TO GENERATE OVER THE LIFE OF THE TOURS IN THIS COMMUNITY THAT'S GOING TO BE TAXABLE THE SCHOOLS WILL BE ABLE TO TAKE ADVANTAGE THE COUNTY WILL BE ABLE TO TAKE ADVANTAGE THE ONLY THING WE ARE OFFERED ON THE TABLE IS 25 PERCENT INCREMENT.
IF THE TAX RAISED -- >> WHICH WE HAVE HISTORICALLY DONE AND SOME OF THEM ARE REINVESTMENT ZONES COUNSEL IS AUTHORIZING PUBLIC IMPROVEMENT AND THEY ARE A DIFFERENT ANIMAL AND CAN BE EFFECTIVE BUT ONLY IN CERTAIN CIRCUMSTANCES.
>> IS ANYONE ELSE LIKE TO COMMENT AT THIS TIME ON THIS ITEM? X TAXPAYERS SPECIFICALLY -- HAVE NEVER BENEFITED FROM THE TAX INCREMENT REINVESTMENT ZONE INITIATED BY THE CITY. THE COMPANY IS CALLED ABILENE CHRISTMAS -- MANAGEMENT CORPORATION THAT'S GOING TO TAKE THIS OVER. AT THE END OF THE DAY THE TAXPAYER WILL GET SCREWED. THE LAST TO LET HAPPEN WERE IN LOWER SOCIOECONOMIC NEIGHBORHOODS AND YOU HAD AN OPPORTUNITY TO FIX DANIELS BECAUSE IT WAS INCORPORATED IN THEIR NEED AND DO IT FOR YOU AN OPPORTUNITY TO DO SO MANY THINGS TO HELP INDIVIDUALS IN THIS PARTICULAR AREAS AND YOU REFUSE TO DO THAT UNLESS WHAT'S GOING TO HAPPEN WITH THIS ONE.
ACU AND PEOPLE NEED TO BE CONCERNED THAT IT'S OUTGOING CHRISTIAN UNIVERSITY. ONE BECAUSE IT'S A CHRISTIAN UNIVERSITY AND THEY ARE GETTING ALL OF THE MONEY AND THEY ARE STARTING OUT AND LOWER SOCIOECONOMIC NEIGHBORHOODS.
YOU DON'T OF THE INDIVIDUALS THAT LIVE IN POVERTY HELL ARE SINGLE MOMS WITH CHILDREN.SO IT'S NOT TEARS OF THE GENTLEMAN WHO SAID THEY DON'T CARE YOU NEED TO CARE.
THEY HAVE AN ATOMIC WORTH $500 MILLION.
$630 MILLION NET WORTH. THIS IS GOING TO HAPPEN REGARDLESS OF WHETHER YOU MAKE IT A OR NOT.
IT'S GIVING ACL -- ACU $13 MILLION AND IF YOU APPROVE THIS TODAY WITHOUT CONSIDERING THE NEIGHBORHOODS THAT ARE IN THAT AREA, I'M GOING TO TAKE IT THAT YOU ARE BOUGHT OUT.
WE HAVE INDIVIDUALS ON THIS COUNSEL RUNNING FOR POSITIONS IS GOING TO AFFECT YOUR ABILITY.
SO THIS IS GOING TO HAPPEN REGARDLESS.
AGAIN, IF YOU'RE LISTENING TO THIS YOU NEED TO RESEARCH THE WE HAVE HAD THREE. THE FIRST ONE, GOD ONLY KNOWS ALL THAT MONEY WENT BECAUSE THE REQUESTED PUBLIC INFORMATION.
ERY GENERAL VERY AMBIGUOUS. YOU DON'T KNOW WHERE THE MONIES WENT. IN THIS SECOND ONE, ACU AMENDED THE THAT WHILE KENTON RIDGE, I BELIEVE OR MAYBE KELLY YOUNG WAS SITTING ON THE BOARD. THAT'S ANOTHER PROBLEM BECAUSE WE DON'T KNOW WHO THE BOARD MEMBERS ARE GOING TO BE.
YOU WILL TELL US THAT UNTIL AFTER YOU APPROVE IT AND THE BOARD MEMBERS WILL SETTLEMENT ENABLE DELEGATE WHATEVER PROJECT THEY WANT AND WE KNOW IT'S GOING TO BENEFIT ABILENE CHRISTIAN UNIVERSITY. WHEN YOU HAVE AN INDIVIDUAL WHO
[00:40:02]
SPOKE UP AND SAYS YES 70 SOME ODD LOTS RIGHT THERE.IF THEY REALLY WANT PEOPLE TO SIT AT THE TABLE AND WANTS TO INCLUDE PEOPLE AND REALLY WANTS TO DO WHAT'S RIGHT BY THE LORD, YOU NEED TO TABLE THIS AND YOU NEED TO ALLOW THE CITIZENS TO SPEAK BECAUSE THE LAST MEETING YOU DIDN'T.
THERE WERE PEOPLE THAT WERE MISSING.
THERE IS AN INDIVIDUAL THAT'S MISSING NOW.HE ONLY PERSON THAT'S HERE ASSOCIATED WITH ACU IS PRICE AND A QUESTION YOU NEED TO ASK YOURSELF IS HOW MUCH DO YOUR SPOUSES MAKE.
YOU DON'T WANT TO ANSWER THOSE QUESTIONS.
DO NOT WANT TO TELL ME HOW MUCH YOUR WIFE MAKES AND HE DOESN'T WANT TO TELL ME HOW MUCH IS LIKE NIXON ANTHONY WILLIAMS DOESN'T WANT TO TELL ME HOW MUCH HE GETS PAID SO THOSE ARE THINGS THAT NEED TO BE CONSIDERED.
THANK YOU FOR YOUR TIME. >> WHEN THE PRESENTER SHOWED HIS MAP UP THERE BRIEFLY CAN YOU BRING THAT BACK UP?E USED TURNS THAT THE AVERAGE PERSON IS NOT FAMILIAR WITH.
HE USED THE WORD JAKE ROBERTS FREEWAY.
HE LIVED HERE AS LONG AS I HAVE AND MOST EVERYBODY ELSE RECALL THAT LUKE 322. A LOT OF PEOPLE RECALL HIS BUSINESS 80 OR TECHNICALLY BUSINESS 28 THE STATE HAS PUT THE SIGNAGE TO BUSINESS 20. WHAT WE'RE SAYING IS THE MAIN CONCERN IS STORM DRAINAGE. IF YOU HAVE EVER SEEN ANY VIDEO OF THAT NEIGHBORHOOD OVER THERE, THEY HAD KIDS OUT THERE WITH NOT CATCHING FISH DURING FLOODING SITUATIONS.
SO I CAN SEE WHAT YOU ARE SAYING ABOUT THEIR CONCERN IS ABOUT HAVING STORM DRAINAGE AND STORMWATER SITUATION BUT AGAIN.
LIKE THE OTHER GENTLEMAN SAID ABOUT DIVISION.
WE HAVE SOME HOMES THAT ARE PRICED IN THREE AND FOUR TIMES THE VALUE OF THE HOMES THAT ARE GOING TO BE SETTING NEAR OR NEXT YEAR. AND AGAIN, IT SOUNDS LIKE IT'S A GREAT DEAL IF THE AVERAGE PERSON WAS LOOKING AT THOSE THEY WOULD SAY IT'S A GREAT DEAL.
YOU HAVE TO REMEMBER THIS WAS GETTING ZERO TAX DOLLARS AND NOW THEY SAY THEY WILL GIVE US SOME TAX DOLLARS IF THEY CHANGE THIS. BUT IT'S LIKE THEY ALWAYS SAY THE DEVIL IS IN THE DETAILS. THEY SAY THEY WANTED TO GO BIGGER WITH THIS PROJECT BUT THEY DOWNSIZED IT.
I DID NOT CHECK FOR OCTOBER WITH THE INFLATION RATE IS BUT IT'S REALLY STRANGE TO ME TO THINK WITH THE INFLATION RATE RUNNING SO HIGH THAT INVESTORS WOULD WANT TO BORROW MONEY OR TALK ABOUT MONEY WITH INFLATION OUT OF CONTROL.
IT WAS 8.14 SEPTEMBER. DON'T KNOW WHAT IT WAS FOR OCTOBER.
T DIDN'T DAWN ON ME UNTIL -- IT'S ALL WELL AND GOOD WHEN THE FED HAD THE RATE SLOW BUT NOW THE FED KEEPS RAISING THE RATES SO YOUR CREDIT CARDS GO OUT, YOUR INVESTMENT GOES OUT.
IF YOU WANT TO DO SOMETHING LIKE THIS IF WE HAD DONE THIS TWO YEARS AGO WE WOULD'VE HAD THIS RATE ON OUR LOAN.
NOW WE'VE GOT THIS RUNAWAY INFLATION AND OUR OUR LOANS ARE HIGHER. AS ALWAYS, LIKE THEY SAY, THE DEVIL IS IN THE DETAILS. THANK YOU VERY MUCH, COUNSEL.
>> WITH ANYBODY ELSE LIKE TO SPEAK AT THIS TIME? SEEING NO ONE I WILL CLOSE THE PUBLIC COMMENT PERIOD.
ANY COMMENTS FROM COUNSEL? I WOULD JUST LIKE TO SAY THAT ACU OWNS THIS LAND AT THIS TIME BUT IT'S A DEVELOPMENT DDA CORPORATION THAT'S WANTING TO DEVELOP THIS.
AND IN THE LONG RUN, THE PEOPLE TO BUY THAT PROPERTY AND BUILD HOUSES ON IT ARE THE ONES THAT OWN IT.
THE CITY IS NOT OUT ANY MONEY UP FRONT.
THE DEVELOPERS OUT THE MONEY AND WHEN THEY SELL A LOT AND THE TAXES GO UP THE MAYOR REIMBURSE THIS 25 PERCENT OF THE MONEY. AND IT DOES HAVE A 20 YEAR LIFE. IT DOESN'T EXTEND FOREVER LIKE SOME OF OUR OTHER PERPETUAL. WE ARE BASICALLY REIMBURSING THEM OUT OF TAXES THAT ARE NOT BEING GENERATED AT ALL RIGHT NOW FOR SOME INFRASTRUCTURE TO HELP THEM DO THIS PROJECT.
IT'S NOT ACU. IT'S THE PEOPLE WHO ARE GOING TO LIVE THERE AND ON THAT LOTS WHO WILL BENEFIT FROM THIS AND THEY ARE HELPING PAY THAT DEBT FROM INFRASTRUCTURE.
>> I THINK IT'S IMPORTANT FOR EVERYBODY TO UNDERSTAND THAT THE 25 PERCENT INCREMENT ONLY COMES OUT OF THE CITY AND THERE'S THREE TAXING ENTITIES IN THE COUNTY.
25 PERCENT COMES OUT OF THE CITIES TAX ON REPRESENTATIVES
[00:45:01]
OF THE SCHOOL DISTRICT AND 100 PERCENT GOES TO THE COUNTY.HIS IS A FUNDING MECHANISM WE ONLY GIVE -- CORRECT ME FROM WRONG FOR CLARIFICATION, WE ONLY GIVE THE 25 PERCENT INCREMENTALLY AS THE PROPERTY VALUES INCREASE.
THERE IS NOT A BLANKET 25 PERCENT OF THE TOTAL CHECK WRITTEN. IT'S AS THEY DO THE WORK IN THE PROPERTY VALUES INCREASE THE CITY KICKS 25 PERCENT TO HELP WITH DEVELOPMENT WHILE THE SCHOOL DISTRICT TO HUNDRED
PERCENT OF THE BENEFIT. >> IT WILL BE A PART OF MONEY ESTABLISHED IN THE FUND AND 25 PERCENT OF THE TAX VALUE, THE INCREMENT THAT TAX LIABILITY OF ALL OF THIS PROPERTY IN THE ZONE AND 25 PERCENT OF THAT WILL GO IN THIS DOCKET.
ANNUALLY WILL MAKE A -- REIMBURSED INTO THE COST UP TO THESE COSTS. SO UP TO THE PROPOSED 10.5 MILLION. THAT'S IT COST THEM 15 MILLION TO DO THE IMPROVEMENTS. THEY ARE LIMITED TO 10.5.
THEY ONLY GET 8 1/2. IT COMES OUT OF THAT -- USE A GOOD CHURCH TERM IS SEPARATE AND APART.T'S ITS OWN FUND.
> OVER TIME AS THE TAXABLE VALUE OF THE PROPERTY INCREASES AS DEVELOPMENT OCCURS, HUNDRED PERCENT GOES TO THE SCHOOL DISTRICT UNDER PERCENT GOES TO THE COUNTY.
>> THEIR INCREMENTS UNAFFECTED BY THE THEY GET ALL THEIR
THIS CHART SHOWS THE CITY OF ABILINE'S TOTAL TAX GENERATED OVER THE LIES OF THE 20 YEARS IS $54 MILLION.
THE NET BENEFIT IS 40 MILLION. TELLER COUNTY IS GIVEN 20 MILLION SCHOOL DISTRICTS FROM 86 OTHERS $167 MILLION IN NET BENEFIT IN TOTAL TAX GENERATED IS 100 20 MILLION.
>> AGAINST 13.5 INVESTMENT. >> YES, SIR.
I WILL ACCEPT EMOTION. >> SO MOVED.
>> A MOTION BY COUNCILMAN BEARD AND A SECOND BY COUNCILMAN (NAME). READY TO VOTE?
(VOTE CALLED). >> MOTION CARRIES.
>> DO NOT HAVE ANYTHING FOR EXECUTIVE SESSION.
>> WE DO NOT HAVE ANYTHIN
* This transcript was compiled from uncorrected Closed Captioning.