Nov 19, 2024 BAYTOWN CAPITAL IMPROVEMENT PLAN (CIP) COMMITTEE

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GO AHEAD AND CALL, UH, BAYTOWN

[ CITY OF BAYTOWN NOTICE OF MEETING BAYTOWN CAPITAL IMPROVEMENT PLAN (CIP) COMMITTEE TUESDAY, NOVEMBER 19, 2024 5:00 P.M. HULLUM CONFERENCE ROOM, BAYTOWN CITY HALL 2401 MARKET STREET, BAYTOWN, TEXAS 77520 AGENDA CALL TO ORDER AND ANNOUNCEMENT OF QUORUM ]

[a. Discussion of FY26 Capital Improvement Plan and bond program.]

IS THAT RIGHT? YES.

UH, SO BRENDA'S OUT TODAY, I'LL, UH, START US OFF.

UM, AT THE END OF LAST FISCAL YEAR, UH, STAFF RECEIVED DIRECTION THAT WE COULD, UH, EVALUATE AND PLAN ON HAVING A, UH, UH, GENERAL OBLIGATION BOND FOR THE DEBT THAT WE NEED TO ISSUE ON, UH, GENERAL FUNDS.

SO, UM, WE'RE, WE'VE HIRED, UH, HALF ASSOCIATES TO AID US IN THAT PROCESS.

AND, UH, TODAY WE JUST WANTED TO GIVE YOU KIND OF AN OVERVIEW OF THE PROCESS, WHAT IT LOOKS LIKE.

AND, UM, TELL YOU WHAT WE'RE GONNA DO OVER THE NEXT YEAR IS WE PREPARE TO GO TO, UM, AN ELECTION FOR, UH, GENERAL OBLIGATION.

I'LL TURN IT OVER TO, UH, LONG WIND, WHO IS WITH, UH, HALF ASSOCIATES TO GO TO THE PRESENTATION.

OKAY.

WELL, THANK YOU FOR YOUR TIME TODAY.

UM, WE HAVE A SHORT PRESENTATION, SO IF YOU HAVE ANY QUESTIONS, FEEL FREE TO JUST JUMP IN.

UM, WE'RE GONNA GO OVER A QUICK INTRODUCTION OF THE GENERAL, UH, OBLIGATION BOND, GO INTO THE PROCESS.

UM, YOU ANTICIPATE SCHEDULE TO HIT THE NOVEMBER, 2025 ELECTION, UM, DATE, UM, COMPONENTS OF THE BOND.

WE'RE GONNA TALK A LITTLE BIT ABOUT PUBLIC OUTREACH, UM, BOND CAPACITY, UH, THE ACTUAL BOND REFERENCE BALLOT, AND THEN, UH, CLOSE UP WITH NEXT STEPS.

UM, SO WITH THAT QUICK INTRODUCTION, UH, GENERAL OBLIGATION BOND IS, UH, MUNICIPAL BOND BACKED BY THE FULL FAITH AND CREDIT OF THE, UH, ISSUING MUNICIPALITY.

SO YOU'RE USING YOUR TAX REVENUE TO PAY BACK YOUR BONDHOLDERS.

UM, THESE BONDS ARE USUALLY USED FOR PUBLIC INFRASTRUCTURE.

UM, THE PURPOSE AND IMPACTS OF THE BOND IS, IS YOU'RE ABLE TO FUND LARGE SCALE PROJECTS, LONG TERM CAPITAL PROJECTS THAT BENEFIT THE COMMUNITY.

UH, THE PROJECT COSTS ARE SPREAD OVER MANY YEARS, MAKING IT MORE MANAGEABLE FOR THE CITY'S, UH, BUDGET ENSURES THAT FUTURE RESIDENTS BENEFIT FROM THE IMPROVEMENTS WILL ALSO CONTRIBUTE TO THEIR COSTS.

UM, UM, THROUGH THIS PROCESS, IT DOES HAVE TO GO THROUGH VOTER APPROVAL.

SO THE MAJORITY OF QUALIFIED VOTERS, UH, NEED TO APPROVE IT IN AN ELECTION HELD, UH, EITHER IN MAY OR NOVEMBER.

UM, IF THE BOND IS NOT APPROVED, THERE ARE A FEW THINGS THAT, THAT ARE TIED WITH IT.

UH, THE PROJECT IDENTIFIED WITHIN THE BOND, IF IT IS NOT APPROVED, UM, THOSE PROJECTS CANNOT BE FUNDED BY LIKE A CO OR OTHER DEBT FOR A PERIOD OF 30 YEARS.

UM, SO THE PROJECTS THAT YOU IDENTIFIED, UM, THOSE ARE, THAT'S KIND OF IMPORTANT THING THERE.

UH, MAKING SURE THAT THOSE PROJECTS ARE, ARE, UM, SOMETHING THAT THE COMMUNITY SUPPORTS.

UM, OF COURSE WITH THAT, YOU'LL HAVE PROJECT DELAYS OR EVEN CANCELLATIONS IF, IF THAT DOESN'T, UH, APPROVED.

AND WITH PROJECT DELAYS, YOU ALWAYS HAVE THAT, WHETHER THAT'S DRAINAGE OR MOBILITY, ANYTHING LIKE THAT.

SO, GOING OVER THE PROCESS.

UM, THE FIRST THING IS IDENTIFYING THE PROJECTS.

UH, WE HAVE A TON OF DATA.

THE CITY BAYTOWN HAS A TON OF DATA, WHETHER THAT'S MASTER DRAINAGE PLANS, A MOBILITY PLAN, THERE'S A FACILITY ASSESSMENT, UM, FOR PARKS MASTER PLAN.

UM, SO THERE'S A LOT OF DATA THAT, THAT HAS EXISTING PROJECTS.

WE JUST NEED TO COMB THROUGH THAT DATA, PULL OUT THE PROJECTS, ADD COST ESTIMATES TO 'EM, SO WE, WE HAVE AN IDEA OF WHAT WE'RE LOOKING AT.

UM, THAT'S THE FIRST STEP.

THE SECOND STEP IS REALLY THE CITY COUNCIL, UM, CITY'S FINANCIAL ADVISOR STAFF, DETERMINING THE DEBT APPETITE OF THIS BOND.

UM, I THINK THAT ONCE WE HAVE THAT PROJECT LIST, WE'LL HAVE A REALLY LARGE NUMBER, SORRY, LARGE NEED, BUT THE DEBT APPETITE WILL KIND OF TELL YOU HOW MUCH YOU HAVE TO SPEND.

AND THEN WE'RE PRIORITIZING PROJECTS FOLLOWING THAT LIST OF PROJECTS THAT WILL MOVE FORWARD.

UM, ONCE THAT'S DONE, THE PUBLIC OUTREACH, UH, PROCESS IS, UH, GOING ON.

THAT INVOLVES FOR A MINUTE.

UM, UH, SO I THINK AT THAT POINT WE'LL COME BACK TO THE COMMITTEE AND PRESENT WHAT, WHAT IS THE ANTICIPATED CAPACITY, UH, WHAT ARE THE PROJECTS WE'VE IDENTIFIED AND LOOK AT AND DISCUSS THE PRIORITIES.

I, I THINK IN BETWEEN AFTER, YOU KNOW, THE

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SO PUBLIC OUTREACH IS ALWAYS A IMPORTANT COMPONENT OF THESE THINGS 'CAUSE YOU'RE GOING OUT TO THE VOTER, UH, PUBLIC EDUCATION, HAVING A STAKEHOLDERS INVOLVED, UM, TO ADVOCATE FOR THE BOND.

UM, AND THEN THE PUBLIC OUTREACH IS LONGEST PERIOD, SO YOU HAVE A LOT OF TIME TO REACH OUT TO YOUR CITIZENS.

AND THEN AROUND SEPTEMBER TIME NEXT YEAR, YOU'LL BE CALLING THE ELECTION.

UM, SO THIS IS THE BOND BOND COUNCIL WORKING WITH THE CITY TO DRAFT THE ELECTION PROPOSITIONS.

UM, THE BOND WILL GO TO, UH, TO VOTE, AND THEN AFTER THAT, IF IT'S APPROVED.

SO, CURRENTLY WITH THE TIMELINE, I WAS TRYING TO HIT THAT NOVEMBER, 2025, UM, ELECTION DATE.

UM, WE'RE LOOKING AT IDENTIFYING PROJECTS FROM NOW UNTIL JANUARY, AND THAT'S, THAT'S REALLY A COMP COMP, UH, COMPILING A LARGE LIST OF PROJECTS FROM THESE, UH, THIS DATA THAT THE CITY ALREADY HAS.

UM, JANUARY 20 TO 25 TO MARCH, 2025, UH, DETERMINING THAT BOND CAPACITY.

UM, AND THAT'S WHERE IN BETWEEN FRANK REACHING BACK OUT.

UM, WE HAVE TILL FROM MARCH, UH, 2025 TO NOVEMBER TO DO THE PUBLIC OUTREACH.

UM, WE'RE CALLING THE ELECTION OF SEPTEMBER, UM, NOVEMBER, 2025.

THE, THE BOND WILL GO ON TO THE BALLOT.

AND THEN AFTER THAT, DEPENDING ON IF YOU GO MULTI-YEAR OR OR SINGLE YEAR, UM, BOND, UM, TYPICALLY THE BOND SALE AND CLOSING TAKES THREE TO SIX MONTHS.

SO THE, THE FUNDS THEMSELVES WON BE AVAILABILITY.

SO THE EARLIEST ON ANY OF THESE PROJECTS AT THIS POINT IS JUNE OF 26TH, OR LOOKS TO, UM, SO THE COMPONENTS OF BOND, UH, TALKING TO FRANK AND AND STAFF, THE FOUR COMPONENTS THAT WERE IDENTIFIED WERE DRAINAGE, UM, FACILITIES, MOBILITY AND PARKS.

UH, DRAINAGE IS REALLY PROJECTS THAT ARE AIMED TO MITIGATE FLOOD RISK, UM, STORM SEWER UPGRADES, DETENTION CHANNEL PROJECTS, ANYTHING IN THAT LIKE, UH, FACILITIES INVOLVES ASSESSING, UH, UPGRADING PUBLIC BUILDINGS TO MEET, UH, FUTURE GROWTH NEEDS.

UH, THIS COULD INCLUDE NEW CONSTRUCTION RENOVATIONS AND EXPANSIONS.

UM, MOBILITY ARE GEARED TOWARDS TRANSPORTATION PROJECTS, UM, TO IMPROVE MOBILITY, SAFETY AND TRAFFIC CONDITIONS AND PARKS.

UM, THESE PROJECTS ARE THERE TO ENHANCE RECREATIONAL AREAS BY DEVELOPING NEW PARKS, IMPROVING EXISTING PARKS, UH, ENSURING THAT THEY ARE MEETING THE GOALS OF THE COMMUNITY.

SO THE PUBLIC OUTREACH PROCESS, UM, YOU KNOW, THERE'S, THERE'S A LOT OF THINGS THAT WE'VE SEEN CITIES DO.

UH, THESE ARE THE THREE THAT, THAT WE'VE SEEN ARE PRETTY CONSISTENT AMONG CITIES.

UM, THE FIRST IS A WEBSITE.

UM, THIS IS KIND OF A, A LANDING PAGE WHERE YOU HAVE ALL YOUR PROJECTS, AN EXHIBIT WHERE, WHERE YOU CAN JUST GIVE THE LINK OUT TO YOUR CITIZENS.

THEY CAN GO THROUGH AND SEE WHAT PROJECTS ARE ACTUALLY BEING FUNDED BY THIS.

UM, THIS IS SOMETHING THAT, UH, I THINK THE CITY OF SUGARLAND HAS UP FOR THEIR NOVEMBER BOND NOW.

IT'S, IT'S A, IT'S A QUICK, EASY WAY TO GET PEOPLE INFORMATION, UM, UH, ADVOCATING FOR THE BOND.

UH, I THINK THERE MIGHT HAVE BEEN SOME DISCUSSION ON CREATING A BOND COMMITTEE BECAUSE STAFF CAN'T REALLY PROMOTE OR ADVOCATE FOR THE BOND.

IT'S NICE TO HAVE A COMMITTEE OF STAKEHOLDERS WHO CAN DO THAT FOR YOU.

UM, WE'VE ALSO SEEN COUNTIES, CITIES USE THAT COMMITTEE TO ALSO TAKE IN CONTRIBUTIONS TO ADVERTISE FOR THE BOND.

SO THAT'S SOMETHING THAT CAN BE DONE THROUGH THAT MECHANISM AND, AND REALLY SUPPORTS THE CITY ALONG THE WAY.

CAN I ASK A QUESTION? YES.

SO IF THE BOND, IF I GO BACK TO THE TIMELINE, THE BOND COMMITTEE IS NOT HELPING CHOOSE ANY OF THE PROJECTS.

THEY'RE JUST GONNA BE USED TO DO WHAT WE TELL THEM TO DO.

I THINK THAT'S, THAT'S REALLY UP TO THE CITY IF YOU WANT BRING THEM IN IN THE PROCESS EARLIER.

UM, I DON'T THINK SO BECAUSE YOU DON'T WANT, IF YOU WANT THEM TO SELL IT, THEY NEED TO BE INVOLVED IN IT.

THEY NEED TO HAVE A, A, A CHAIR OF IT, KIND OF A, A HAND IN IT, RIGHT? BECAUSE I, I'VE BEEN ON BOND COMMITTEES BEFORE AND YOU KIND OF FEEL LIKE, OKAY, I'M JUST HERE TO PROMOTE YOUR BOND.

I'M GONNA DO, YOU'VE ALREADY TOLD ME WHAT YOU WANT.

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IF YOU HAVE SOMEONE THAT'S REALLY INVESTED IN IT AND LIKE THEY FEEL LIKE THEY'RE PART OF IT, WHICH THEY ARE, THE CITIZENS ARE GONNA BE A PART OF IT, YOU KNOW, THAT, THAT WE HAVE THE OUTREACH AND HAVE THEM INVOLVED THAT.

SO I THINK THAT'S SOMETHING WE NEED TO KIND OF REPORT QUICKLY TOGETHER WITH US AND THEN TAKE THAT TO THE BOND COMMITTEE TO FINALIZE AND THEN MOVE FORWARD FROM THERE.

BUT AGAIN, OUR POSITION WITH AD HOC COMMITTEES LIKE THAT, WE CAN START RIGHT NOW TO GET THEM UP TO SPEED WITH EVERYTHING THAT'S ONGOING, ALREADY FUNDED, NOT FUNDED, AND THEN LOOK AT NEW.

BUT WE'D HAVE TO START YESTERDAY TO GET THEM UP TO SPEED TO START INITIAL DECISIONS.

YEAH, IT'S THE REASON FOR MY QUESTION THOUGH, MIKE, IF Y'ALL GO BACK ONE SLIDE.

YEAH.

WE'RE ALREADY BEHIND THE EIGHT BALL.

YEAH.

I MEAN, TIMEWISE, YEAH, I MEAN EVEN EVEN TALKING ABOUT LIKE, YOU KNOW, YOUR COMMUNITY OUTREACH, YOUR TOWN HALL MEETINGS THAT WE DO MONTHLY, IF WE'RE DOING ONE EVERY MONTH THAT'S SIX MONTHS, YOU PRETTY MUCH HAVE TO START IN JANUARY ALREADY TALKING ABOUT GETTING YOUR OUT COMMUNITY OUTREACH GOING ABOUT THE BOND THAT'S COMING UP IN NOVEMBER.

YOU'RE GONNA BE, BECAUSE THEN YOU'RE NOT SKIP, YOU'RE KIND OF MISSING THE BALL A LITTLE BIT.

YEAH, SOME, SOME, YOU KNOW, I THINK SOMETIME, I'M SORRY, SOMETIME IN THE JANUARY, FEBRUARY TIMEFRAME IS WHEN WE NEED TO HAVE THE BOND COMMITTEE START MEETING AGAIN.

WE DO A PRELIMINARY VETTING AND THEY BRING 'EM ON BOARD FOR THE, YOU KNOW, THEY BE PART OF THE COME OF THE BOND CAPACITY.

'CAUSE AGAIN, IF THEY'RE STAKEHOLDERS, THEY'RE GONNA HAVE A FEEL FOR, UH, THE PUBLIC THAT'S NOT GONNA GO FOR THAT OR THEY, THEY MAY.

SO I THINK THAT'S IMPORTANT TO GET THAT INPUT.

BUT I THINK THE INITIAL BETTING THE PROJECT SHOULD BE HANDLED PRETTY MUCH IN HOUSE.

AND THAT'S JUST MY OPINION.

I WE DON'T HAVE PROJECTS, FRANK.

I MEAN THIS SHOWS JANUARY, JANUARY, I MEAN WE, WE COULD HAVE CERTAIN PROJECTS RELEVANT, CERTAIN PROGRAMS. I THINK PARKS HAS A MASTER PLAN THAT'S PRETTY SOLID.

SO, UH, I DON'T THINK IT WILL TAKE US UNTIL JANUARY.

EVERYTHING PROBABLY, YOU KNOW, FACILITIES WILL REQUIRE THE MOST DISCUSSION BECAUSE I DON'T HAVE A GOOD FEEL FOR, YOU KNOW, WHAT WE WANNA PUT INTO THAT.

UM, TRANSPORTATION MIGHT BE A LITTLE MORE EVALUATION, BUT I THINK STORM DRAINAGE AND PARTS ARE PRETTY, PRETTY GOOD LIST WE HAVE ALREADY, YOU COULD DO LIKE ONE A MONTH.

YOU COULD START WITH THE STORM OF DRAINAGE THAT YOU ALREADY HAVE AN IDEA ON.

IT GIVES YOU AN EXTRA MONTH TO GET READY FOR THE NEXT MEETING OR THAT, THAT JUST MEANS WE NEED TO BOND COMMITTEE SELECTION NEXT MONTH.

WELL NEXT MONTH WE'RE, WE'RE MEETING ONE.

WE HAVE ANOTHER ONCE NEXT MONTH AND ONCE IN JANUARY.

BUT OUR MEETING IN JANUARY'S NOT UNTIL JANUARY 23RD.

SO JUST THE WHOLE NOTES YOU NOW FOR MOST OF DECEMBER THIS, WHICH IS NOT A BIG DEAL FOR ME.

UM, IT'S JUST WE BE PRUDENT THIS, WE PUT ON THIS COMMITTEE AND, AND WE GET RUSHED.

UH, WHAT WILL HAPPEN IS WE'LL GO BACK TO THE SAME FOLKS THAT WE ALWAYS GO BACK TO AND WE GET POUNDED ON THAT EVERY TIME.

YEAH.

SO, AND IF IT'S SOMEBODY THAT'S NEW INTO THE SYSTEM, SORRY TO TAKE UP SO MUCH TIMEFRAME, SOMEBODY'S NEW INTO THE SYSTEM, THEN THERE'S SUCH A CATCH UP.

THERE NEEDS TO BE A DISTRICT FOR EACH DISTRICT, NOT OUTSIDE OF YOUR DISTRICT.

YEAH.

WE KNOW YOU HAVE A HARD TIME FINDING .

I'VE GOT TWO PEOPLE NOW THAT I CAN REACH OUT TO.

THEY, ONE DOES, DOES THE COUNCIL NEED TO GET THE FINAL RECOMMENDATION TO YOU GET THE, IS THAT THE SEPTEMBER 25? UM, IT'S THE ELECTION WHEN, SO IF THE PUBLIC OUTREACH IS ALL THE WAY TILL NOVEMBER 25 IN AN EFFORT TO NOT MAKE IT SOUND LIKE THE SKY IS FALLING AND WE HAVE THE BOND COMMITTEE GOING RIGHT AWAY, WHEN IS THE DEADLINE TO GET THE STUFF READY TO CALL THE ELECTION? THIS IS SEPTEMBER 25.

YES.

BECAUSE THAT'S WHEN YOUR BOND COUNCIL AND CITY WILL ACTUALLY BE DRAFTING THE PROPOSITION WITH PROJECTS ASSOCIATED WITH.

SO THAT'S, THAT'S SIX MEETINGS, FIVE MEETINGS REALLY.

YOU'D HAVE FIVE BOND CAPACITY BOND MEETING.

IF YOU STARTED MARCH, YOU'D HAVE FINE, YOU'D HAVE FIVE.

SORRY, YOU NEED 2, 3, 1, 2 AND THEN A FINAL TO GO OVER IT.

SO THAT'S FOUR SIX FINAL OPENING.

JUNE, JULY, AUGUST, SEPTEMBER BE SIXTH.

OR DID YOU WANT DISRUPT IT? DO

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UH, I THINK WE, WE DO NEED SOME KIND OF DIRECTION AS TO WHETHER WE WANT TO COME TO THE COMMITTEE WITH ALL THE PROJECTS FIRST, OR, YOU KNOW, DEVELOP THE, THE BOND COMMITTEE AND UH, GIVE THEM THE ADDITIONAL LIKE IN ALL THE PROJECTS, CAN WE, CAN THE, CAN THE CIP AND BOND COMMITTEE BE JOINT COMMITTEES? ARE WE JOINT MEETINGS? YOU SAID YOU WANTED TO, YOU WANTED TO, YOU WANTED TO PREVIEW EVERYTHING BEFORE WE WENT TO THE BOND COMMITTEE.

I THINK THAT WOULD SHORTEN THE PROCESS TO ME IN FEBRUARY.

IF WE BRING BRING THE BOND COMMITTEE, YOU HAVE 'EM SELECTED AND START, YOU KNOW, MY THOUGHT WAS BRING THEM ON WHEN WE START TO DETERMINE THE BOND CAPACITY, YOU KNOW, WE'VE LOOKED AT THE HARD YEAH, THE HARD PROJECTS AND WE GET A LIST.

OKAY, HERE'S $500 MILLION WORTH OF POTENTIALS AND THEN TAKE THAT TO THE COMMITTEE WITH THE CIP AND SAY, OKAY, OUR REALLY, OUR CAPACITY IS X AND THEN THE COMMITTEE, THE CIP COMMITTEE AND THE BOND COMMITTEE BRING IT DOWN TO 200 MILLION.

WE TAKE NUMBER AND AND THEN MOVE FORWARD FROM THERE.

BUT TO, TO, TO GET FOLKS FRESH THAT AREN'T ANY FAMILIAR WITH FRANKER OR ANY OF THE PROJECTS TO GET THEM UP TO SPEED.

BUT TAKE, THAT'S BE VERY MINIMAL MEETING.

WELL, AND THERE'S NO WAY WE COULD GET 'EM UP TO SPEED IN ONE MEETING.

I MEAN, THERE'S JUST TOO MUCH INFORMATION AND WE NEED TO LOOK AT EVERYTHING IN FEBRUARY.

SO WE PROBABLY HAVE TO HAVE TWO CIP MEETINGS IN FEBRUARY BEFORE WE CAME INTO THEM IN MARCH.

MAYBE ONE MORE IN MARCH.

AND THEY GIVE IT TO HAVE A BOND COMMITTEE THE LAST WEEK OF MARCH.

AND THERE'S, THERE'S NO RULE THAT SAYS THEY CAN'T MEET MORE THAN ONCE.

NO, BUT, BUT THE PROBLEM IS, ARE THEY GONNA MEET MORE THAN ONCE? THEY MIGHT UPFRONT AND THEN THEY'RE GONNA OFF.

I JUST THINK WE NEED, WE NEED TO HAVE A PRE-VET OF THE, AT LEAST OF THE, OF THE SIGNIFICANT PROJECTS.

'CAUSE AND I'M JUST SPEAKING ON, ON MY BEHALF AND IN MY, MY, WHAT I HEAR IS FACILITIES IS GONNA BE A HARD SELL.

NO OFFENSIVE PARTS, PARTS IS GONNA BE A HARD SELL.

AND UNLESS WE'RE TALKING ABOUT A NEW BLUE TYPE OF THING, WHICH I CAN SUPPORT THAT.

UM, THE TWO THINGS THAT, THAT AREN'T GONNA BE AS HARD TO SELL ARE GONNA BE THE, THE STORM SEWER DRAINAGE, FLOODING ISSUES AND THEN MOBILITY TRADE DOWN THE STREETS.

BUT CITIZENS ARE, GO BACK ON THAT ONE.

MY HOUSE IS 40 YEARS OLD.

ONE UNION MENTALITY OUT THERE.

AND AGAIN, WE HAVE BUILDINGS THAT ARE 60 YEARS OLD THAN ME, STUFF AS WELL.

SO THOSE WILL BE HARDER TO SELL, RIGHT? SO WE NEED TO MAKE SURE THAT THEY'RE HIGH PROFILE AND THERE'S A DEMEANOR, BUT THOSE ARE GONNA BE HARDER TO SELL.

NOT PICK, PARK, I THINK'S GONNA BE THE HARDEST SELL OF ALL OF THEM IS GONNA BE THE PARTS.

AGAIN, UNLESS WE BRING FORWARD LIKE ALREADY THE BIG PARK OUT NORTH INTO THE FULL WORLD LITTLE LEAGUE COMPETITIVE TYPE THING.

I THINK THAT HE'D BE A STRONG PUSH FOR THAT.

ANYTHING SHORT OF THAT, BUT HARD.

I'M NOT.

YEAH.

SO AGAIN, YOU KNOW, I AGREE WITH WE NEED TO MOVE FORWARD WITH THE, WITH THE BOND COMMITTEE.

I THINK THAT'S A GOOD WAY TO DO THAT.

JUST TIMING WISE, AS FAR AS HOW WE GET ON THE BOARD, HOW WE GET THEM UP TO SPEED IS GONNA BE THE DIFFICULT THING.

SO THAT COMMITTEE NEED TO BE APPOINTED BY COUNCIL.

Y'ALL PUSH UNTIL MARCH.

WE HAVE TIME.

SO WE, BUT I THINK THE MEETING IN JANUARY GIVE US SOME TIME TO VET SOME PEOPLE.

AND I, I AGREE WITH MY COLLEAGUE THAT IT NEEDS DISTRICT SPECIFIC SEVEN PEOPLE ON IT WITH THE MAYOR.

AND WELL, ONE THING TO CONSIDER HERE IS, UM, Y'ALL ARE BRINGING ON THE DOCUMENT, THE FINALIZING THE LIST OF PROJECTS WITH INPUT.

UM, WE, THE, THE WEBSITE ITSELF, THE PROJECTS THAT GO ON THE WEBSITE, YOU WANT TO MAKE SURE THAT THOSE ALL SUPPORTED PROJECTS.

SO THAT'S A TIMELINE THAT JUST NEED TO BE COGNIZANT OF THAT.

UM, WHATEVER YOU PUT ON THAT WEBSITE, YOU REALLY DON'T WANNA CHANGE OR PULL OFF.

'CAUSE THINGS LIKE THAT KIND OF CONFUSE THE PUBLIC.

UM, YOU DON'T WANNA PUT MORE THAN WHAT YOU'RE GONNA DO AND YOU DON'T WANNA REALLY ELIMINATE THINGS.

SO A TIMELINE WHERE BETWEEN,

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I THINK YOU GUYS ALREADY COVERED THAT.

UM, SOUNDS LIKE Y'ALL HAVE A A MONTHLY MEETING ALREADY, SO THAT'S GREAT WAY TO, TO GET IN FRONT OF YOUR ISSUANCE.

LOT OF CAPACITY.

UM, THIS IS, I'M AN ENGINEERS, THIS IS REALLY A FINANCIAL ADVISOR LICENSE, SO I'M GONNA DO MY BEST HERE.

UM, THE, THE MAXIMUM ALLOW RATE FOR DEBT FOR A HOME RULE CITY OF TEXAS IS A DOLLAR 50 PER A HUNDRED DOLLARS IN PROPERTY.

UM, THERE'S A LOT OF THINGS THAT FACTOR INTO THE DEBT CAPACITY ITSELF.

UM, FIRST THING IS THE PROJECT NEEDS, UH, YOU'LL PROBABLY LIKELY COME OUT OF THIS WITH A REALLY LARGE PROJECT NEEDLESS AND, AND THAT MAY DETERMINE HOW, HOW MUCH YOU WANT TO GO ON THE DEBT APPETITE OF THE CITY.

SO, UM, YOUR FINANCIAL ADVISOR SHOULD RUN YOUR NUMBERS, UH, COME BACK AND TELL YOU, HEY, THIS IS WHAT WE CAN AFFORD WITH NO TAX INCREASE, WITH A 5 CENT INCREASE WITH A TENANT, YOU SHOULD GET THOSE OPTIONS.

AND AS WE'RE GOING THROUGH THOSE SCENARIOS, UM, THE CITY'S DETERMINING WHAT, UM, THE APPETITE THAT THE CITY'S COMFORTABLE WITH, UM, LEGAL AND FINANCIAL PLANNING.

UM, THINK Y'ALL HAVE BOND COUNCIL AND, AND A FINANCIAL ADVISOR ABOARD CREDIT RATING IS, IS ALSO IMPORTANT.

UH, THE LOWER THE INTEREST RATE, THE, THE BETTER YOUR CREDIT RATING IS, UH, YOU PAY LESS MONEY IN INTEREST.

SO YOU CAN GO OUT FOR, UH, A LARGER BOND THAT SPENDS MONEY ON THE PROJECTS.

UM, TAX BASE AND EXISTING DEBT ARE TWO OTHER THINGS.

UM, ANY EXISTING DEBT IN THE CITY WILL FALL INTO THAT DOLLAR 50 PER HUNDRED.

UM, SO I HAVE TO CONSIDER THAT.

UH, JUST WANT TO LET YOU KNOW, WE MADE A CORRECTION ON THIS SLIDE FROM WHAT I EMAILED TO YOU.

YEAH.

THE FIRST SLIDE HAD A, ANOTHER LINE OF SAYS, I THINK IT WAS, UM, 5% OF THE, THE THREE, THREE YEAR, UH, AVERAGE OF TAX REVENUE.

UH, THAT, THAT'S NOT TEXAS STATE LAW.

WE, WE, THAT'S ACTUALLY SOMETHING THAT PROBABLY WAS SPECIFIC TO THE CITY.

SO WE THAT, UM, UM, THE BOND WILL BE VALID ITSELF.

UM, SO, BUT YOU SEE THESE DAYS ON BONDS IS THINGS ARE ALWAYS SEPARATED BY, UM, THE COMPONENTS OF IT.

UH, I'LL JUST GIVE YOU TWO EXAMPLES OF TWO BONDS THAT THAT LOCAL CITIES THAT PASSED IN NOVEMBER HERE, UM, SEPARATED THESE BONDS INTO THESE, UH, COMPONENTS, UH, INCREASES TRANSPARENCY.

IT ALSO, UM, HELPS THE VOTERS CHOOSE WHAT THEY WANT.

UM, AND I THINK IT, IT IS A STATE LAW REQUIREMENT NOW.

UH, AND THIS IS SOMETHING THAT UM, AND BOTH CITIES HAVE GONE TO AND, AND HONESTLY, UH, THE, THE VOTER TURNOUT AND AND APPROVAL RATE, UH, HAS APPROVED, UH, JUST 'CAUSE OF THE, THE, UH, TRANSPARENCY THERE.

UM, IF THE BOND RESULTS IN A TAX INCREASE, SO SAY YOUR FINANCIAL COMES BACK AND SAYS TO TO, TO SERVICE THIS DEBT, YOU INCREASE THE TAX BY THIS, IT HAS TO BE THAT LANDLORD HAS TO BE ON THE BOND.

UM, SO, UM, IT'S JUST, YOU KNOW, BE OPEN AND TRANSPARENT THERE.

SUGAR LANDS PAST ELECTION, IT'S KIND OF IN LINE OF WHAT YOU SAID, UH, LESTER DRAINAGE AND MOBILITY WERE 75% APPROVAL.

SO YOU CAN KIND OF SEE THOSE ARE THE TWO THINGS WE, YEAH, I MEAN THIS WHAT FACILITIES WAS 51% IT BEAR PASSED.

UM, SO NEXT STEPS, UH, RIGHT NOW WE'RE COMPILING THE LIST OF PROJECTS, LOOKING THROUGH ALL THE DATA THAT THE, THE CITY'S PROVIDED US.

UM, WE STAFF HERE SHORTLY, UM, TO PROVIDE THAT LIST TO UH, THIS COMMITTEE AND AND COUNCIL.

UM, AND THEN THE NEXT THING WILL BE GOING TO THE CITY STAFF FINANCIAL ADVISOR TO DETERMINE THAT THAT BOND CAPACITY WITH THAT.

UM, LIKE ANY QUESTIONS Y'ALL HAVE, DON'T PUT THERE ON THE SPOT.

DO WE HAVE AN IDEA OF WHAT OUR CAPACITY IS? 500 MILLION , WHAT WOULD YOU SAY? 500 MILLION? HALF A BILLION, HALF FULL.

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DO WE HAVE A CLUE AS TO WHERE WE ARE RIGHT NOW WITH THAT OR, 'CAUSE WE HAVE SOME ONGOING STUFF.

I DON'T WANNA SAY OFF THE TOP , I DUNNO WHY THE DIRECTOR OF FINANCE WOULD'VE NUMBERS IN HER HEAD.

I'M GLAD SHE HAS NUMBERS IN HER HEAD.

, YOU WORRIED IF SHE DIDN'T? I DON'T REALLY HAVE ANY QUESTIONS.

I LIKE THE TIMELINE.

I THINK IT THE, THIS IS ON US TO VISIT ABOUT THE BOND COMMITTEE GOT GET COUNSEL UP TO SPEED ON THAT AND THE QUICKER WE CAN BRING HIM ON, THE BETTER.

BUT I PERSONALLY FEEL, AND I THINK THERE SOME OTHER THINGS THAT THE INITIAL VETTING NEEDS TO GO THROUGH US AS A COMMITTEE AND THEN COUNCIL AS A WHOLE AND THEN AS QUICKLY AS WE CAN BRING THE COMMITTEE IN PROBABLY AT THE, AT THE DISCUSSIONS, OKAY, HERE'S, HERE'S THE LIST OF, AGAIN HERE'S HUNDRED MILLION AND THEN TO TRIM THIS DOWN 'CAUSE WE NORMALLY SPEND 55 BUCKS SO Y'ALL HELP US DO THAT AND THEN WE'LL GO FORWARD UH, AND THEN HAVE THEM PART OF THAT 'CAUSE STRONG STAKEHOLDERS WILL, WILL HELP US.

SO WITH ALL THAT SAID, DO YOU, WE'RE STILL GONNA MEET WITH THE FINANCE COMMITTEE TO GO OVER THE SAME THING, RIGHT? WE CAN.

WE HADN'T TALKED ABOUT IT YET.

SO, UH, FOR, BECAUSE THE FINANCE COMMITTEE'S GONNA HAVE TO LOOK AT THE, THE AMOUNT, THE APPETITE AT THIS, THIS POINT STILL GONNA BE BASED OFF OF WHAT Y'ALL RECOMMEND ON LIKE WE RECOMMEND THIS MUCH.

RIGHT? UM, WELL THAT'S KIND OF WHEN WE RAN INTO SOME OTHER CIP STUFF, IT'S KIND OF LIKE FINANCE COMMITTEE'S GONNA MAKE THE CHOICES, NOT CHOICES.

FINANCE COMMITTEE'S NOT MAKING CHOICES ON PROJECTS AT ALL.

YEAH, THEY DON'T LOOK AT PROJECTS WHATSOEVER.

WE ALMOST NEED THEIR INFORMATION FIRST.

IT'S LIKE, TELL ME WHAT MY LIMIT IS AND THEN I'LL GO PICK THE PROJECTS.

'CAUSE THE PROJECTS COULD ALTER IN PRIORITY.

IF FRANK'S GOT 150 MILLION AND PARTS HAS GOT 50 MILLION AND WE SAY OKAY WE WE LACK ALL THOSE AND WE LIKE THIS AND WE'LL GO 200 MILLION AND FINANCE COMMITTEE COMES BACK AND SAYS WELL YOU ONLY HAVE A HUNDRED.

WELL THEN WE HAVE TO GO BACK AND SAY OKAY YOU CAN'T HAVE THAT, YOU CAN'T HAVE THIS AND WE CAN PARCEL IT TOGETHER.

IT, IT'LL SAVE A MEETING IN BETWEEN THERE.

YEP.

SO FOR ME, I'M JUST TRYING TO MAKE SURE THAT Y'ALL ARE COMFORTABLE WHERE YOU'RE AT BECAUSE I'M TO PRESENT THIS AS AN UPDATE TO COUNCIL FROM BOTH COMMITTEES IN DECEMBER IS SAY, AND IN JANUARY WE'RE GONNA PICK UP ON COMMITTEE, COMMITTEE MEMBER GET READY FOR THAT AND THE OTHER MEMBERS OF COUNCIL MAY SAY THEY DON'T WANT A BOND COMMITTEE.

RIGHT.

I I THINK I HEAR MY COLLEAGUE THAT SO WE'LL, WE'LL MAKE THOSE RECOMMENDATIONS.

THE COUNCIL COUNSEL COULD CHOOSE TO MOVE FORWARD WITH THE COMMITTEE AND WITH THE PRELIMINARY UH, LIMIT THAT WE'RE SHOOTING FOR FROM THE FINANCE COMMITTEE.

THAT WAY Y'ALL KNOW FROM THAT DECEMBER MEETING HOW Y'ALL START PRIORITIZING YOUR PROJECTS AT THAT POINT.

WHEN'S THE LAST TIME WE HAD A DEAL? A LONG TIME.

IT'S FROM A GENERAL PERSPECTIVE, THE CITIZENS.

THAT'S WHY I THINK A BOND COMMITTEE SO IMPORTANT JUST USING COS IT'LL SAVE A LOT OF MONEY AND A LOT OF TIME AND I AGREE WITH THE GEOS 'CAUSE AS WAS EXPLAINED, YOU KNOW IF THE CITIZENS PASS IT THEN THEY'RE WILLING TO ABSORB THE TAX INCREASE TO PAY FOR.

IT DOESN'T MEAN THAT WE WILL RAISE THE TAXES, IT JUST MEANS THAT WE CAN RAISE IT UP TO THAT POINT.

RIGHT OR THINGS DON'T GO WELL.

OUR CITIZENS HAVE BEEN SOMEWHAT SPOILED WITH THE COS.

BUT THAT'S THE PUSHBACK IS WELL THAT SHOULD HAVE BEEN VOTED ON.

IF VOTED DOWN THEN IT'S THREE YEARS BEFORE WE CAN FIX YOUR STREETS THREE YEARS BEFORE WE CAN FIX THAT FLOODING.

THAT NEEDS TO BE REAL CLEAR.

YOU DECIDED TO BE TRANSPARENT BOTH SIDES.

400,000,005 YEARS.

OVER FIVE YEARS WE GET HAD A FEW EXTRA ZEROS.

WE GOT $4 MILLION.

IT'S IT .

OKAY.

ARE WE INCREASING, IS THAT IT? THAT'S IT FOR THAT.

OKAY.

IMPORTANT IN THE DISCUSSION

[b. Discussion of future CIP Committee meetings.]

OBVIOUSLY AS WE MOVE FOR THIS THING FORWARD, WE MAY NEED TO HAVE UM,

[00:30:01]

I'M GONNA BE OUT.

DO YOUR PROJECTS.

I'M GONNA BE GONE FROM THE THIRD TO THE, I COULD HAVE SOMETHING Y'ALL WOULD Y'ALL JUST APPRECIATE MAYBE UPDATED FRANK ON UPDATED THIS DISCUSSION IS GONNA TELL US WHERE WE'RE OKAY.

BETTER SUITED DECEMBER, END OF NOVEMBER.

DECEMBER GETS REAL BUSY FOR EVERYBODY SO THAT'S FINE.

OKAY.

STAFF WORKING REALLY HARD THIS YEAR SO HAVE TO COME WORK, DEAL WITH US AT NIGHT, HELP OUT BOTHER FOR THEM.

BUT LOT OF TIME YOU'LL PUT IN AND, AND AS WE ACCELERATED JANUARY, I THINK LIKE MIKE SAID, YOU REALLY NEED TO KNOW DO YOU WANNA WORK STUFF IN DECEMBER BUT YOU KINDA NEED TO KNOW WHAT YOU'RE WORKING WITH, HOW MUCH MONEY YOU HAVE TO WORK WITH, WHAT'S RIGHT.

SO YOU DON'T OVER WORK ON SOMETHING YOU DON'T NEED TO BE WORKING ON.

YEAH, I I, IF I KNOW I NEED MAYBE FIVE PROJECTS, I DON'T GIVE YOU 20 PROJECTS.

YOU KNOW, , YOU MAY, YOU I WOULD WANT TO GIVE YOU MORE THAN WHAT WE CAN AFFORD SO YOU CAN PRIORITIZE.

WE'LL TRY TO HELP.

WE APPRECIATE YOU NEED PROOF OF THAT, AN ADVOCACY, THE ADVOCATE AND JUST GO.

OKAY.

ANYTHING ELSE? ALRIGHT, I THINK WE'VE COVERED ALL THE EN LISTED ITEMS SO WILL ADJOURN THIS MEETING.

I APPRECIATE EVERYBODY SHOWING UP.