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AGAIN, IS IT? WE DIDN'T, WE USED TO HAVE[ 4B Street Improvement/Economic Development Corporation Meeting on February 4, 2025.]
IT AND IT WAS, IT WAS GOOD.SO, ALRIGHT, SO TIME IS NOW SIX O'CLOCK.
WE'LL AHEAD AND CALL THIS, UH, MEETING TOWARD OF THE STREET IMPROVEMENT ECONOMIC DEVELOPMENT CORPORATION.
UH, IT IS TUESDAY, FEBRUARY 4TH, 2025.
I'D LIKE TO WELCOME EVERYONE, THOSE IN THE AUDIENCE AND, UH, THOSE WHO MAY BE TUNING IN LATER.
UH, AND ALSO WANNA WELCOME OUR NEW, UH, DIRECTORS TO THE BOARD HERE.
UH, TO MY, UH, RIGHT OVER HERE WE HAVE DIRECTOR MASAKI NAKAMOTO.
I'M GONNA WELCOME HIM, UH, AS WELL AS, UM, TO MY LEFT, MR. STEVE OTTO OVER THERE.
UM, SO ABOUT FURTHER ADO, LET'S GET THINGS GOING.
SO, FIRST THING UP IS THE APPROVAL OF THE MINUTES, UH, APPROVAL OF THE AUGUST 20TH, 2024 REGULAR MEETING MINUTES.
DOES ANYONE HAVE ANY QUESTIONS OVER THOSE? I'LL ENTERTAIN A MOTION.
MOTION TO APPROVE THE MINUTES.
SECOND BY, UH, COUNCIL MEMBER SABLE.
ALL IN FAVOR FOR THE VERBAL VOTE OF AYE.
ALL RIGHT, LET'S MOVE ON TO NEW BUSINESS.
SO, FIRST UP, WE HAVE A STAFF REPORT ON THE STATUS OF FISCAL YEAR 20 24, 20 25 STREET IMPROVEMENT ECONOMIC DEVELOPMENT CORPORATION PROJECTS.
I GIVE YOU CITY ENGINEER AND ACTING PUBLIC WORKS DIRECTOR, UH, DI UH, JOE SCHWEITZER.
SO, SIX MONTHS AGO WE TALKED ABOUT, UH, HOW WE SCORE PAVEMENTS AND HOW WE PLAN DIFFERENT PROJECTS AND, UH, AND, AND LAID OUT THE, THE PLAN FOR THE COMING YEAR AND A LITTLE BIT INTO THE FUTURE.
UH, TONIGHT IS SCHEDULED MORE OF A, WHAT WE ARE ACTIVELY DOING, WHAT WE'VE, UH, JUST, UH, RECENTLY COMPLETED THAT, UH, THAT AFFECTS SOME OF THESE, UH, PROJECTS WE'LL TALK ABOUT AREN'T STRICTLY, UM, FUNDED BY THE FOUR B, FUNDED BY THE S-I-E-D-C FUNDS.
UH, BUT THEY WILL AFFECT, UH, THEY'RE BASICALLY UTILITY PROJECTS UNDERNEATH THE STREET.
SO WE'LL COME BACK AND FIX THE TREE STREET SOON.
SO WE WILL TALK A LITTLE BIT THROUGH, UH, DIFFERENT, UH, DIFFERENT PARTS OF OUR, UH, OVERALL, UM, CAPITAL IMPROVEMENT AND STREET MAINTENANCE PROJECTS, UH, THOROUGHFARES, LOCAL STREETS, STREET PRESERVATION, UM, SIDEWALKS, TRAFFIC SIGNALS, AND STREET SIGNAGE, AND HOPPING RIGHT INTO, UM, IF ANY, ANY TIME YOU HAVE QUESTIONS ABOUT ACTIVE PROJECTS.
NOW THIS IS DEVELOPMENT AND CIP PRIVATE DEVELOPMENT AND CIP FUNDED, UH, CITY PROJECTS.
UH, THEY ARE ON AVAILABLE ON THE WEBSITE.
UM, WE TRY AND KEEP THIS UPDATED AS MUCH AS WE CAN.
UM, BUT ON THE PUBLIC WORKS PAGE IS THE, THE, THE, THE BACK PAGE.
YOU SEE ON THE TOP LEFT, THERE'S CONSTRUCTION PROJECTS LINKED AND IT BRINGS US TO A GIS UH, UM, EXPERIENCE IS THEIR TERM FOR IT.
AND YOU CAN GO TO THE CIP PROJECTS PAGE, WHICH BRINGS YOU TO THIS MAP.
CAN I MAKE A REQUEST THAT YOU NOT USE TOO MANY? YES.
SINCE, BECAUSE SOME, SOME OF US DON'T.
WE HAVE SOME NEW, WE HAVE SOME NEW FACES HERE, SO LET'S, LET'S AVOID ABBREVIATIONS AND TALK, TALK THROUGH IT.
AND, UM, CIP CAPITAL IMPROVEMENT PROJECTS.
UM, YOU MAY HAVE TO YELL AT ME ONCE OR TWICE ABOUT THAT.
UM, SO WE'RE GONNA TALK THROUGH A NUMBER OF THE PROJECTS OVER ON THE LEFT HAND SIDE HERE.
UM, WE DID JUST RECENTLY GO AND MAKE SURE EVERYTHING WAS UP TO DATE, UM, AS BEST IT COULD.
UM, WE'RE GONNA SKIP THE FIRST PROJECT HERE 'CAUSE THE CUMMINGS WATER TANK, UH, WHILE IT WAS DONE IN THE LAST FISCAL YEAR, HAS NO IMPACT ON STREETS DIRECTLY.
UH, FIRST OFF WAS THE UTILITY PROJECT WE DID UNDER WEST PIPELINE ROAD.
UM, IT WAS COMPLETED LAST FALL.
UH, THE TOTAL FUNDS, UH, WAS JUST OVER $5 MILLION.
UM, THE CURRENT ROAD CONSTRUCTION IS BEING DONE BY THE CITY OF ELI.
THE CITY ITSELF, OR THE STREET ITSELF IS IN THE CITY OF ULI.
IT'S NOT IN THE CITY OF BEDFORD.
UM, I WILL TELL YOU THAT EVEN MORE UPDATED THAN THIS.
WE HAD, UH, A ROUND OF FINAL INSPECTIONS TODAY ON, UH, VARIOUS THINGS.
AND THE TRAFFIC IS SCHEDULED AS OF THIS MOMENT TO SWITCH TO TOMORROW, UM, TO THE, THE NORTH, TO THE NEW, THE, THE NEWLY BOUND PAVED LANES WESTBOUND.
UH, WHAT WILL BE WESTBOUND? ONE, IT'S ALL OPEN, UH, BUT BOTH LANES, BOTH DIRECTIONS WILL BE UP THERE, BUT THAT'LL MEAN THAT ALL OF THE CONNECTIONS TO OUR RESIDENTIAL STREETS WILL BE OPEN.
I KNOW OUR RESIDENTS WILL THAT ARE WAITING FOR THAT.
AND THEN THAT IS VERY GOOD NEWS FOR OUR, FOR OUR SIDE OF THE PROJECT.
UM, JOE, THAT WE WERE JUST DOING OUR UTILITY PORTION OF IT, WATER LINES AND SUCH, CORRECT? CORRECT.
THERE, THERE ARE SOME, UM, PEDESTRIAN IMPROVEMENTS BEING DONE ON OUR SIDE AND THOSE KIND OF SMALL THINGS, BUT, UH, BUT AS FAR AS THE OVERALL PROJECT TOGETHER, THE PORTION WE HAVE PAID FOR SO FAR IS JUST UTILITIES.
UM, THIS WAS PAID FROM EITHER THE, I'M NOT, THIS WAS EITHER, UM, THE, THE, THE PAST, UH, BOND FUNDS, OR IT WAS THROUGH
[00:05:01]
THE, UH, THE UTILITY MAINTENANCE FUNDS.THE NEXT ONE IS THE DEUCE DRIVE, UH, PROJECT THAT I HAD.
SO THIS WAS, UH, UH, DEE DRIVE WAS A PROJECT.
WE COMPLETED SOME OF THIS, UH, THE PAVING WAS PART OF THIS PROJECT.
THIS IS NOT JUST THE UTILITIES ALONE.
UH, THE PAVING WAS THE, THE S-I-E-D-C PORTION, THE 621,000.
UM, OVER THE, THE TOTAL, THE, THE, THE REASON THAT'S SO MUCH IS, UH, WE DID, WE WENT FROM ASPHALT TO CONCRETE.
UH, SO THIS IS A, A NEWLY CONCRETED ROAD WITH ALL THE UTILITIES AND EVERYTHING ELSE BELOW IT.
WE SHOULD BE GOOD FOR A NICE LONG TIME THERE.
UH, THIS IS, SO, SO ON THE SCREEN YOU SEE THE, THE HIGHLIGHT OF THE STREETS IN WHITE IS THIS PROJECT.
WHEN YOU GO TO THE, UH, UM, WHEN YOU GO TO THE WEBSITE, I'M GONNA BACKTRACK HERE.
THE, ON THE LEFT IS THE, THE TOP LEFT IS THE LEGEND OF WHAT EACH COLOR'S MEAN.
UM, THE, THE YELLOW BEING PENDING CONSTRUCTION, AND WE'RE NOT QUITE THERE YET.
RED IS DESIGNED, UH, AND, AND WHITE IS COMPLETE.
UM, IT ALSO HIGHLIGHTS, UH, WHEN YOU CLICK ON A PROJECT, IT'LL HIGHLIGHT TO THAT AREA AND ZOOM INTO THE AREA.
SO FOR THE JOINT ACRES, BELL MANOR, FOREST RIDGE NUMBER TWO, WATER AND WASTEWATER PROJECT, THAT WAS ALSO COMPLETED LAST FALL.
UM, WE, UH, WE HAVE DONE THE, THE STREETS THAT ARE HIGHLIGHTED IN WHITE HERE.
UM, A NUMBER OF THEM AND, UH, AND WILL IN THE SHORT FUTURE.
UM, SO WHEN WE DO LARGE UTILITY PROJECTS WITH, UH, A NUMBER OF UNDERGROUND TRENCHES AND OTHER THINGS, UM, WE LIKE TO LEAVE A LITTLE BIT OF TIME FOR THE TRENCHES TO SETTLE BEFORE WE COME BACK AND DO A FULL PAYMENT SECTION JUST TO BUY US A LITTLE BIT OF EXTRA INSURANCE THAT WE WON'T HAVE TO COME BACK AND FIX THE PAVEMENT.
SO LET IT, IF IT'S GOING TO SETTLE, LET IT SETTLE FOR ABOUT A YEAR, AND THEN WE'LL COME BACK AND DO, UH, STREET IMPROVEMENTS.
UM, SO THAT WOULD, UH, MOST LIKELY BE SOMETHING YOU SEE WHEN WE COME BACK IN, IN JUNE OR JULY TO TALK ABOUT NEXT YEAR'S PROJECTS, NEXT FISCAL YEAR'S PROJECTS.
SO WOULD'VE BEEN WAITED ABOUT A YEAR AT THAT POINT.
AND THEN, SO OUR NEXT MEETING IN, YOU KNOW, MIDSUMMER, UM, WE'LL BE TALKING ABOUT.
ALL RIGHT, NOW LET'S GO TO THE NEXT STEP IN PAVING THIS, THIS PORTION.
UM, SO I, I SAID MILL AND OVERLAY A LARGE, LARGE PORTION OF THE STREETS MAY BE MILLON OVERLAYED.
IT MAY BE, UH, A MORE SUBSTANTIAL, UM, TACTIC WE, WE USE DEPENDING ON, UM, THE CONDITIONS AND FUNDING AND ALL THOSE NICE THINGS.
UM, THE AIRPORT FREEWAY PROJECT, THIS IS THE PROJECT THAT IS TEARING UP BROWN TRAIL RIGHT NOW.
UM, IT ALSO, AS YOU CAN SEE, DID A, A FEW LITTLE, UH, RANDOMIZED SECTIONS.
UM, WE ARE JUST A FEW WEEKS AWAY, I'LL SAY A FEW WEEKS AWAY TO BUY ME A LITTLE BIT OF GIVE, UM, ALMOST DONE WITH BROWN TRAIL, UM, WHERE WE'VE GOT SOME, SOME LAST, UH, SOME LAST PAVEMENT REPAIRS TO DO TEMPORARY PAVEMENT REPAIRS.
UM, AND THEN THIS, UH, THE PROJECT WILL TURN THE CORNER AND WE'LL BEDFORD ROAD FOR A LITTLE BIT, UM, ON BROWN TRAIL.
LIKE I SAID, WE'RE JUST ABOUT DONE.
UM, IF YOU RECALL LAST FALL, COUNCIL APPROVED A, UH, PROFESSIONAL SERVICES AGREEMENT AND THE INTER-LOCAL AGREEMENT WITH THE COUNTY TO COME IN AND DO THE, UH, STREET IMPROVEMENTS AS THE COUNTY BOND FUND PROJECT.
HAS THE COUNTY, UM, APPROVED THAT YET? UH, THE ILA, I'M NOT SURE.
UM, BECAUSE I KNOW THAT WAS NEXT ON THE LIST, BUT WE, WE DO STILL HAVE, UM, ABOUT A YEAR LEFT OF DESIGN, UH, AND, UH, AND ENGINEERING TO DO BEFORE WE CAN, UH, TURN IT OVER TO A CONTRACTOR.
SO THERE'LL BE SOME REPRIEVE, UM, FOR ABOUT A YEAR FOR RESIDENT.
SO WE GO BACK IN AND REDO THE ENTIRE ROAD, CORRECT? YES.
MOVING ON TO PARKWOOD, UH, DRIVE.
YES, I DO HAVE AN ANSWER ON THE WEST PIPELINE FUNDING.
TOOK ME A MINUTE, BUT I FINALLY FOUND IT.
UM, SO THE WEST PIPELINE WAS FUNDED THROUGH, UM, WE CLEANED UP A LOT OF OLD BOND ISSUANCE THAT HAD BALANCES ON THERE.
IT WAS THE 2010 CO FOR SANITARY SEWER 2011 CO.
2012 CO 2012, A CO 2015, AND A LITTLE BIT OUTTA THE UTILITY REPAIR FUND.
SO A LITTLE BIT OF THIS AND A LITTLE BIT OF THAT
WE'RE CLEANING UP SOME OLD BALANCES.
YEAH, WE HAD 26,000, 50,000 HERE.
[00:10:01]
THOSE ALL INTO ONE PROJECT AND, AND CLEANED UP, CLEANED UP A LOT AT THE CHER, JUST PENNIES, PENNIES TO SOME, A LOT MORE THAN OTHERS.UM, I WAS PARKWOOD PARKWOOD, UH, SO THE, THE STREET AND UTILITIES PROJECT ON PARKWOOD DRIVE, UM, THIS IS, UH, ONGOING.
WE'RE, UM, PROBABLY, I WOULD SAY UPWARDS OF 80% OF THE PAVING IS DONE AND ALL THE UTILITIES BELOW IT.
UM, WE ARE HAVING A FEW ENGINEERING CHALLENGES AT THE NORTH END, UM, TYING IN THE STREET THERE.
WE, UH, UM, ARE LOOKING FOR, UM, AT THIS POINT A BREAK IN THE WEATHER BETWEEN FREEZE AND THEN RAIN AND EVERYTHING ELSE TO BE ABLE TO CLOSE OUT THE, UH, DO A MORE SUBSTANTIAL PATCH ON, UH, BEDFORD WHERE WE JUST TIED IN THE, THE WATER LINE THAT'LL GO THERE AND, UH, AND RECONNECT ALL THOSE, UH, UM, THE, UM, RESIDENCES.
STILL ON TRACK FOR THAT TO BE COMPLETELY FINISHED IN THE NEXT, UH, COUPLE MONTHS.
THIS WITH THE, LIKE I SAID, ENGINEERING CHALLENGES.
WE'VE GOTTA RELOCATE A COUPLE UTILITIES.
UM, BEFORE WE CAN, UH, IF YOU WERE TO WALK DOWN THE STREET RIGHT NOW, THERE'S, UH, SEVERAL BLOCKOUTS WHERE POWER POLES ARE.
WELL, POWER POLES HAD TO WAIT FOR OUR WATER LINE TO MOVE BECAUSE THE POWER POLES ARE GOING WHERE THE WATER LINE USED TO BE.
AND THEN WHEN THEY MOVE THE POWER POLES, WE CAN THEN PUT THE SIDEWALK WHERE IT'S GOING TO BE GOTCHA.
SO A LITTLE BIT OF DOEY DOUGH KIND OF YEAH.
WITH THE, WITH THE UTILITY COMPANIES.
FIRST AND THEN Y AND THEN Z, CORRECT.
CAN'T, UH, CAN'T PUT A POWER POLE AND A WATER LINE AT THE SAME PLACE.
UM, PHYLLIS STREET, CDBG, UM, THIS WAS, UH, UM, THIS IS A PROJECT BEING, UH, MANAGED ON A DAY-TO-DAY BASIS BY TARRANT COUNTY DUE TO THE, UH, COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS.
UM, IT'S WHERE WE GET, UH, A PORTION OF MONEY EVERY OTHER YEAR FROM THE, UM, I GUESS ULTIMATELY FROM THE FEDERAL GOVERNMENT, BUT THROUGH THE, UH, THROUGH THE COUNTY, THEY RUN THE PROJECT BECAUSE OF, UH, DIFFERENT LEGALITIES AND, AND SUCH.
UM, EVEN THOUGH SOME OF IT IS, UH, IS BEING, UH, PAID FOR BY THE, THE FEDS, A A GOOD PORTION OF IT IS, UH, IS THE STREET IMPROVEMENTS THAT WE'RE DOING.
THIS IS VERY SIMILAR TO THE DEUCE DRIVE WHERE WE'RE DOING THE UTILITIES AND STREET ALL AT ONCE.
UM, MOVING INTO THE FUTURE PORTIONS, UM, THIS IS, I THINK, UH, WHERE WE SAID CONSTRUCTION PENDING, UH, GREGORY AND BEDFORD COURT ADDITIONS, UH, THERE'S, UH, UTILITIES AND STREETS INVOLVED HERE.
WE'RE WAITING ON, UM, ATMOS TO COME IN AND THEY'RE ACTIVELY RELOCATING GAS LINE, THEIR, THEIR INFRASTRUCTURE IN THE AREA, THE GAS LINE INFRASTRUCTURE.
UM, SO AGAIN, WE'LL CAN'T HAVE TWO THINGS IN ONE PLACE.
UM, THEY'LL MOVE THEIR GAS LINES OUT OF THE WAY AND THEN WE'LL DO OUR UTILITY PROJECT, UM, HOPING TO, TO START THIS BASED ON THEIR CURRENT SCHEDULE, UM, TOWARDS THE LATER SPRING, EARLY SUMMER PORTION THIS YEAR, I GUESS.
AND THEN HOW LONG? UM, IT'S, IT'S SIMILAR TO THE PROJECTS WE JUST, UH, DID AT THIS JOINER ACRES, IF YOU SEE ACROSS THE, THE WAY FROM IT.
UM, SO I THINK IT'S 12 TO 18 MONTHS, BUT, BUT THAT IS, A LOT OF THOSE UTILITIES ARE ACTUALLY BACKYARDS AND SUCH.
SO WE'RE USING SOME, UM, ALTERNATE CONSTRUCTION METHODS THAT TAKE A LITTLE BIT MORE TIME, BUT ARE A LITTLE BIT LESS INVASIVE, UPSET NEIGHBORS.
UM, UH, BUT THE AGING INFRASTRUCTURE IS SOMETHING WE CAN'T ALL PUSH OFF FOREVER.
UM, NEXT UP WAS THE MARTIN AND HARWOOD WATERLINE REPLACEMENT.
UM, THIS WILL REPLACE A PORTION OF THE WATERLINE IN FRONT OF MANY OF THE BUSINESSES ON HARWOOD ROAD.
UM, UH, A PLACE THAT IS A HOTSPOT FOR, UH, FOR US HAVING PROBLEMS, UM, EMERGENCY, UH, BRAKE PROBLEMS. UM, THIS IS BE GENTLE.
WHAT BUSINESSES?
SO HARWOOD BETWEEN THE FREEWAY AND MARTIN.
UM, SO LIKE FITNESS CONNECTION, UM, YES.
THE MCDONALD'S SEVEN 11, IT'S MCDONALD'S, IT'S KFC.
IT'S ACROSS THE STREET FROM ALL THOSE.
ALL OF THOSE, UM, IT'LL REPLACE, UH, BADLY.
WHAT'S SOMETHING TO DO WITH THE, SORRY ABOUT THAT.
UH, IS THAT IT'S NOT GONNA AFFECT THE SCHOOL.
IT'S JUST RIGHT BEFORE THE SCHOOL.
THANK AND, AND THE REASON THIS IS A BIG, THE BIG ONE THAT THAT'S ON OUR LIST IS BECAUSE WE
[00:15:01]
HAVE A LOT OF WATER LINE BREAKS AND WATER MAIN BREAKS THERE, CORRECT? YEAH.THIS IS, UH, THE, THAT SECTION OF HARDWOOD ITSELF IS ONE OF OUR HOTSPOTS.
AND SO DO YOU DO ONE SIDE OF THE ROAD AND THEN THE OTHER? UM, SO ON HARWOOD, I BELIEVE ALL OF THE WATER LINE IS ON THE SOUTH SIDE.
UH, THE, THE CURRENT, I SHOULD SAY THE CURRENT WATER LINE IS ON THE SOUTH SIDE OF THE ROAD.
IT'S ACTUALLY, UM, BETWEEN THE SIDEWALK AND THE, THE PARKING LOTS.
SO THERE WON'T, THERE WILL BE MINOR INCONVENIENCES AND DELAYS, BUT WE'RE NOT TEARING UP ALL OF HARWOOD.
UM, WE'RE NOT TEARING UP ALL OF THE FAIRLY NEW CONCRETE STREET.
UM, THERE WILL BE CROSSINGS AND OF COURSE SERVICES ARE GOING ACROSS THAT WE'LL HAVE TO DEAL WITH THAT.
AND THE SAME, I BELIEVE GOING DOWN MARTIN, WE'RE GENERALLY ON THE EAST SIDE.
UM, AND OF COURSE FOR SERVICES WE HAVE TO GO ACROSS.
UM, BUT THERE'S ONLY, THERE'S ACTUALLY ONLY A LIMITED NUMBER OF THOSE BECAUSE THERE AREN'T ANY HOUSES FACING.
UM, SO WE WOULD GO AT A, A SUBDIVISION ENTRANCE OR A STREET, HAVE A CROSSING, BUT WE DON'T HAVE TO GO LIKE WE DID ON BROWN TRAIL TO EVERY INDIVIDUAL HOUSE.
UM, AND THEN THIS, UH, AND THEN AFTER THAT WE WILL HAVE, UH, A PAVING PROJECT GOING DOWN.
DO WE HAVE A LOT OF GROUND MOVEMENT THERE? IS THAT WHY WE'RE HAVING CONSTANT BREAKAGES? ARE WE LOOKING AT ANY OTHER ALTERNATIVES? MAYBE USING SOME TYPE OF, UH, UH, UH, OFFSET TO MAKE SURE IT DOESN'T HAPPEN IN THE FUTURE.
SOMETHING THAT ALLOW MOVEMENT A LITTLE BIT MORE, OR THE, THE BRAKES THAT WE HAVE HAD THERE ARE, ARE MOSTLY DUE TO AGING INFRASTRUCTURE, AGING.
IT'S NOT, AND NOT, IT'S NOT LIKE CLEAN SHEER CUTS OR ANYTHING.
THEY'RE A POP OUT IN THE SIDE OF THE PIPE.
AND I THINK THOSE, THOSE ORIGINAL, UH, FROM WHAT I WAS TOLD WAS, UH, THOSE WERE LATE IN SEVENTIES OR EARLIER.
AND SO THIS IS WHY WE'RE GETTING A LOT OF THOSE BREAKS.
AND, UM, CORRECT ME IF I'M WRONG, WE'RE GONNA PUT DIFFERENT VALVES IN THERE AS WELL TO ISOLATE A DIFFERENT PORTION MORE.
SO WHEN WE HAVE A PROBLEM IN THE FUTURE, OR WHEN WE HAVE TO GO AND SAY, UH, ONE OF THE LARGER LOTS REDEVELOPS AND WE HAVE TO DO A NEW TIE IN, OUR DISTANCE BETWEEN VALVES WOULD BE, THAT'S MUCH SHORTER.
SO THAT MANY PEOPLE, LESS PEOPLE WILL BE AFFECTED.
WE DON'T HAVE TO TELL BUSINESSES THEY DON'T HAVE WATER FOR EXTENDED PERIODS.
BECAUSE BETWEEN THE HIGHWAY AND MARTIN, I THINK WE MAY HAVE TWO VALVES, UH, DIRECTOR OTTO, UH, ON A DEVELOPMENT AT, UH, MARTIN AND HARWOOD.
THAT NEW DEVELOPMENT, HOW'S THAT GONNA AFFECT THE NEW PIPELINE GOING THROUGH THERE? UH, SO THIS, SO THE, UM, THE PRIVATE BUSINESS TO THE SOUTHWEST, IF I CAN GET MY DIRECTIONS CORRECTLY, UM, HAS ALREADY DONE THEIR LINE ACROSS, UM, FROM THE EXISTING INFRASTRUCTURE.
SO WHEN WE GO AND PLACE THIS, UH, REPLACEMENT LINE, IT'LL BE IN ROUGHLY THE SAME LOCATION AS THE EXISTING.
UM, SO WE WON'T HAVE TO GO ACROSS TO THEM.
UM, WE WOULD JUST GO, THEY WILL HAVE, THEY WILL STILL HAVE WATER FROM THE, THEY'RE, THEY ARE TIED IN, IN BOTH, UM, MARTIN AND HARWOOD, BUT HARWOOD TO THE WEST OF MARTIN.
UM, SO THEY WILL HAVE WATER BACK FED FROM THAT DIRECTION SO THEY WOULDN'T BE AFFECTED BY THE OUTAGES ON MARTIN.
UM, SO THIS WILL GO AND REPLACE THEIR CONNECTION, UM, THAT WE, THAT WE MADE SOME CHANGES IN LAST MINUTE TO ANTICIPATE THIS PROJECT, TO MAKE THIS PROJECT A LITTLE BIT EASIER AND NOT TO BE A WASTE AS WE GO BY.
UM, BUT, BUT BECAUSE THEY'RE ALREADY ACROSS AND THEY WILL SHORTLY BE DOING PERMANENT PAYMENT REPAIRS, THAT'LL BE ONE LESS CROSSING WE HAVE TO DO.
SO THEY'RE WELL AWARE OF IT AND CORRECT PLANNING FOR OKAY.
ON LARGER BUSINESS DEVELOPMENTS AND, AND SUCH, WE, UH, THE FIRE MARSHAL REQUIRES THEM TO LOOP THE WATER LINE.
SO THAT MEANS HAVE MULTIPLE CONNECTIONS, UM, EITHER TYPICALLY WE'D LIKE TO GET DIFFERENT WATER LINES WHEN WE CAN.
UM, BUT OTHERWISE, UH, IN THIS CASE, THEY DO HAVE TWO DIFFERENT SECTIONS THAT THEY'RE ATTACHED TO.
WELL, THAT, THAT PROPERTY'S BEEN VACANT SINCE I'VE BEEN HERE, SO I JUST DON'T WANNA SLOW DOWN THEIR PROGRESS 'CAUSE THEY'RE ALL WORKING ON THAT.
NO, THEY, THEY'RE WELL AWARE OF IT.
UH, MY, MY STAFF THAT, UH, WILL OVERSEE THIS PROJECT AND IS CURRENTLY, UM, REVIEWING THE PLANS FOR THIS PROJECT ARE THE SAME ONES THAT ARE INSPECTING THE PUBLIC IMPROVEMENTS, THE FIRE LINE IMPROVEMENTS, FIRE LINE AND FIRE LANE IMPROVEMENTS FOR THE PUBLIC PRIVATE DEVELOPMENT.
UH, SO WE TALKED A MINUTE AGO ABOUT THE BROWN TRAIL, UM, BOND PROJECT THAT'S CURRENTLY IN DESIGN.
UM, AND ANTICIPATED CONSTRUCTION START WOULD BE, UM, JUST OVER A YEAR FROM NOW.
UM, AFTER, IN ADDITION TO THE ENGINEERING, UM, UH, AND BIDDING AND WHATNOT, THERE'S, UH, THERE'S, I BELIEVE THE ILA IS JUST A ONE-OFF AND GO FOR BOTH DESIGN AND CONSTRUCTION.
SO NOW IS THIS A SHARED PROJECT WITH
[00:20:01]
HEARST, OR IS THIS JUST BEDFORD? THIS IS JUST BEDFORD.UM, DURING THE BOND, UH, APPLICATION PROCESS, WE HAD DONE, UH, TWO DIFFERENT VERSIONS OF THIS.
UM, AND, AND HEARST SEPARATELY APPLIED FOR A PORTION OF THE, UH, THEIR PORTION SEPARATELY.
UM, THE OVERALL TOGETHER PORTION PROJECT WAS NOT APPROVED.
HEARST GOT FUNDS FOR THEIR, SOME PORTION OF THEIR PORTION.
I DON'T KNOW IF IT'S ALL OR NOT.
UM, AND WE GOT PORTION FUNDS TO FUND A PORTION OF OUR SECTION.
AND SO ONCE CONSTRUCTION BEGINS IN ABOUT A YEAR, WHAT'S THE ANTICIPATION FOR COMPLETION? OBVIOUSLY THERE COULD BE, UM, AS WE'RE STILL DEVELOPING PLANS AND, AND LOOKING AND FIGURING OUT EXACTLY WHAT THOSE DETAILS ARE, UM, STAGING AND THOSE KIND OF THINGS, I WOULD, I WOULD ANTICIPATE THIS BEING ANOTHER YEAR TO 18 MONTHS.
THAT'S, THAT'S WHAT I FIGURED.
SO THE RESIDENTS DO DO A, YOUR CONSTRUCTION, GIVE THEM A YEAR OFF, AND THEN ANOTHER YEAR OF ANOTHER YEAR CONSTRUCTION, AND THEN WE'RE DONE AND THEN WE'RE DONE WITH IT, AND THEN WE'RE DONE.
AND THAT PORTION WILL BE COMPLETELY, IT'LL BE COMPLETELY NEW ROAD.
AND, UM, AND THAT'LL BE, UH, WE'RE DOING ASPHALT ON THAT ONE THEN YOU SAID, OR CONCRETE? UH, ONCE WE DO, I WANT TO, I, I, I THINK WE DID CONCRETE.
EITHER WAY THIS ROAD'S GONNA BE YEAH, YEAH.
SO THAT, WELL, THAT'S EVEN BETTER BECAUSE THAT MEANS THAT THIS ROAD'S GONNA BE GOOD FOR ANOTHER 30 YEARS.
NEW WATER LINE, NEW WATER SERVICES TO EACH HOUSE, NEW SEWER SERVICES TO MOST IF NOT ALL HOUSES, UM, HAVE, AND SEWER LINES HAVE ALL BEEN ADDRESSED.
UM, SO WE WILL BE GOOD TO GO AND HOPEFULLY YEAH.
UM, WE'RE NOT ALL SITTING HERE THE NEXT TIME.
IT HAS TO COME UP IN 25, 30 YEARS.
SO, AND JUST TO JUMP IN, MAYOR YES, PLEASE.
UM, AS WE WERE LOOKING AT POTENTIAL DESIGN ON THIS, UM, JOE WAS INSTRUMENTAL IN REALLY LOOKING AT THE IMPACT, THE KIND OF A PRELIMINARY DESIGN HAD A LOT OF THOSE SINGLE FAMILY HOMES THAT FACE ON BROWN TRAILS.
SO, UM, WE COULD HAVE MADE SOME MISTAKES, UM, BY PUTTING THE MEDIAN, UH, THROUGH THERE.
BUT LOOKING AT THAT ALTERNATIVE DESIGN IS REALLY GONNA PRESERVE SOME OF THAT FOR THOSE FOLKS WHILE STILL MAKING IT A LITTLE BIT SAFER AND CLEARLY DELINEATING A LITTLE BIT BETTER ABOUT, YOU KNOW, WHERE THE, WHERE THE MEDIAN SHOULD BE.
BUT, WE'LL, WE'RE GONNA GET A LITTLE CREATIVE WITH SOME OF THAT AS FAR AS PAVING AND THINGS LIKE THAT.
UM, BUT WE, WE AVOIDED SOME MISTAKES THAT COULD HAVE HAPPENED AS FAR AS MAKING SURE THAT THOSE, THOSE HOMES STILL HAVE ACCESS TO GO, YOU KNOW, NORTHBOUND OR SOUTHBOUND.
'CAUSE I REMEMBER THOSE CONVERSATIONS WE WERE TALKING ABOUT PUTTING A MEDIAN IN THERE MM-HMM
AND SO VERY GLAD WE FORWARDED SOME OF THOSE.
AND THEN RANK AND DRIVE WAS ONE THAT WE TALKED ABOUT THAT HOPEFULLY, UH, WE TALKED ABOUT SIX MONTHS AGO, UM, THAT HOPEFULLY WE WOULD HAVE, UH, MORE OF A, A SCOPING.
UM, PART OF THAT'S HOLDING THIS UP IS THE MASTER DRAINAGE PLAN THAT WE HOPE TO HAVE COMPLETED IN THE NEXT, UH, FOUR OR FIVE MONTHS.
UM, THAT, UH, THAT'LL WEIGH IN ON IF WE HAVE TO DO, UM, UPDATES TO THE, THE CULVERT SECTION THERE AT RANKIN.
UM, WE KNOW THE, THE UTILITIES THEMSELVES.
THIS WILL PROBABLY BE LIKE MANY OF THE PROJECTS WE'VE TALKED ABOUT, UH, FULL, UM, UM, WATER, SEWER, STORM DRAIN, AND THEN UPDATE IT ALL AND THEN DO A NEW ROAD SECTION, SO THEN REPAVE IT ALL AND DO ALL THAT.
UM, THEN YOU SAID FOR THE MASTER DRAINAGE PLAN, WE GOT ANOTHER FOUR MONTHS ON THAT, CORRECT? I BELIEVE THE ANTICIPATED FINAL PRODUCT IS MAY END OF MAY.
THE RANKIN PROJECT WON'T AFFECT THOSE, UM, GABBY AND BASKETS AND EVERYTHING THAT YOU'VE PUT IN DOWN THERE.
NO, NO, WE WOULDN'T BE PASSING ANY OF THAT.
THIS, THIS, THIS IS NOT LOOKING NECESSARILY AT THE CHANNEL GOING UP AND DOWN IT, BUT JUST AT THE CROSSING OF THE STREET, ENSURING AS WE MOVE, UH, NORTHBOUND, UH, ACROSS THOSE CREEKS, UM, WHERE THEY, WHERE THEY GO TO, UM, SOME OF THE, UH, THE NEIGHBORHOODS TO THE NORTH OF THERE, MAKING SURE THAT WE DON'T OPEN UP A CULVERT THAT'S CAUSING FLOODING UP NORTH AND HAVE IT COME DOWNSTREAM AND CAUSE MORE FLOODING DOWN HERE, DOWN TOWARDS RANK CONTEMPT TO THE SOUTH.
UM, AND THEN, UH, SO GOING NOW INTO MORE OF OUR MAINTENANCE MODE PROJECTS FROM CAPITAL IMPROVEMENT, WHERE WE HIRE A BIG CONTRACTOR AND, AND DO UTILITIES AND, AND EVERYTHING ELSE.
THIS IS MORE OF OUR, UH, MAINTENANCE, UH, TENNIS AND RACKET CLUB AND, AND SOME OF THE OTHERS ARE STILL DONE BY CONTRACTORS, BUT IT'S A DIFFERENT METHOD AND, UH, PROCESS, UH, TENNIS DRIVE AND RACKET CLUB.
THIS IS THE, UH, PROJECT THAT WE ARE DOING, UH, THE OVERLAY PROJECT WE ARE DOING THIS YEAR WITH THE COUNTY, UM, WHICH IS A GREAT, UH, COST SAVINGS TO US.
UM, THE CITY PROVIDES, UM, THE CITY DOES THE MILLING, UH, OR, OR HAS
[00:25:01]
A CONTRACTOR DO THE MILLING.WE PROVIDE TRAFFIC CONTROL, UM, BUT THE COUNTY PROVIDES THE LABOR AND A, A PORTION OF THE FUEL FOR THEIR TRUCKS TO COME AND DO THE PAVING.
AND THEN WE JUST PAY FOR MATERIALS.
SO WE, UM, WE SAVE SUBSTANTIALLY ON THE LABOR OF THE, OF THE LABOR OF THE PAVING ITSELF.
UM, AND THIS INTERLOCAL WILL ACTUALLY, UM, INTERLOCAL AGREEMENT WILL ACTUALLY BE COMING TO COUNCIL IN ABOUT A MONTH AFTER VERY GOOD.
UM, ONTO THE OTHER MILL AND OVERLY STREETS WHERE IT'S A SIMILAR PROCESS, BUT NOW WE, UH, WE HAVE A, UM, A CONTRACTOR THAT'LL COME AND DO EVERYTHING FOR US.
UM, SO IT'S A LITTLE BIT MORE HIGHER PRODUCTION.
IT'S A LITTLE BIT EASIER ON CITY STAFF, UM, AS WE DON'T HAVE TO DO THE TRAFFIC CONTROL AND KEEP UP WITH THEM ON A DAILY BASIS.
UM, WE CAN HAVE THE CONTRACTOR GO DO THIS, INSPECTORS DO GO AND LOOK AND MAKE SURE THAT EVERYTHING'S UP TO THEM PROPERLY, BUT OUR STREET CREW ISN'T OUT THERE SETTING HUNDREDS OF CONES AND, AND EVERYTHING ELSE EVERY DAY.
WE CAN BE WORKING ON OTHER PROJECTS AS THEY COME UP AND WE'RE MONITORING THEM AS THIS, AS THE PRO PROJECT IS GOING ON.
UM, WE'VE, UH, BUT UH, BUT THEY'RE NOT GONNA LEAVE ON US CORRECT.
AND, UH, AND PART OF THIS PROJECT IS, WE TALKED ABOUT SIX MONTHS AGO.
THIS, UH, THIS YEAR WAS, UH, WHEN WE CAME TO, TO DO WHAT HAD BEEN CALLED RURAL ROADS SIX MONTHS AGO.
BUT THESE ARE OUR UNIMPROVED, NO STORM DRAIN OR, UM, STORM DRAIN OR NOT, BUT NO CURB AND GUTTER IS THE PRIMARY, NO CURB AND GUTTER, NO SIDEWALK STREETS KIND OF WHAT, LET ME USE THE TERM, A COUNTY ROAD WOULD KIND OF LOOK LIKE, UM, OUT FURTHER WEST OF US OUTSIDE THE, THE MAIN METROPLEX AREA.
THESE ARE JUST THREE KIND OF STRAGGLER ROADS THAT ARE STILL IN THAT CONDITION, BUT BECAUSE THEY DON'T HAVE THE CURB AND GUTTER AND THEY HAVEN'T BEEN UPGRADED IN THAT STYLE, UM, KIND OF SOMETIMES GET LEFT BEHIND.
AND ARE THESE THE ONLY RURAL ROADS WE HAVE, TO MY KNOWLEDGE, OTHER THAN A SHORT SECTION OR TWO? YES.
UM, AND THEN WE, UH, UH, WE CHOSE ALSO THE, THE CANTERBURY ADDITION TO, TO GO IN AND, AND DO, UM, THEIR PCI SCORES FIT, UH, A MILL AND OVERLAY AS OPPOSED TO A HJ FIVE OR A, UH, A FULL RECONSTRUCTION.
AND THEN PAVE PRESENTOR HAVE A QUESTION QUESTION.
WHEN IS THAT GONNA BE, WHEN ARE YOU DOING THAT? UM, HOPING PROBABLY WITHIN THE NEXT COUPLE OF MONTHS TO GET STARTED, AT LEAST ON, ON WOODSON, UM, UH, WOODSON WOOD PARK COURTESY, UM, THOSE, UM, WHERE WE'VE GOT A LITTLE BIT OF CONCRETE WORK TO DO ON THE, ON THE OTHER STREETS ON THE CANTERBURY EDITION.
UM, UH, WE'RE, THIS IS SOMETHING IN THE LAST COUPLE OF YEARS, WE HAVE BEEN ABLE TO PUSH A LITTLE BIT FASTER AND WE'VE GOTTEN, UH, MORE STARTED IN THE FALL.
UM, NOW WE'RE, WE'RE JUST A LITTLE SLUGGISH GETTING STARTED, BUT, UH, WE STILL HAVE PLENTY OF TIME TO DO IT WITHIN THE FISCAL YEAR AS ALLOWED IT, UH, MOVING ON PAVEMENT PRESERVATION, THIS IS OUR, OUR STREETS THAT, UH, THE PCI SCORES AND WHATNOT, UH, FA FIT INTO THE, UH, AND PCI STANDS FOR
THE, UH, THE OVERALL ENGINEERING, UH, CRITERIA AND SCORING.
IT'S HOW WE SCORE OUR STREETS.
AND THEN, UM, 'CAUSE THAT WAS, THAT WAS A BIG THING.
SO FOR THOSE OF YOU WHO, WHO WERE NEW, UM, AND TO, TO THE BOARD HERE, UH, IN YEARS PAST OUR PCI WAS, WAS IN THE SIXTIES, UM, AND JUST AVERAGE FROM ALL OF OUR ROADS.
UM, WE WERE ABLE TO DO A LOT OVER THE LAST COUPLE YEARS AND GET THAT UP TO, I THINK IT WAS EVEN LAST YEAR, WE HAD AN AVERAGE WHERE 80% OF ALL OF OUR STREETS WERE EITHER IN GOOD, EXCELLENT, UM, OR VERY GOOD CONDITION.
AND SO WE, WE'VE DONE, WE'VE MADE A LOT OF HEADWAY IN THAT, IN THAT REGARD.
AND SO THIS, IN THIS PAVEMENT PRESERVATION, UH, DO YOU WANNA TALK A LITTLE BIT MORE ABOUT WHAT'S INVOLVED WITH THAT AND WHAT STRATEGY WE'RE USING FOR THAT? YEAH.
SO THIS IS, UH, WHERE WE COME IN AND DO, UH, UM, IT'S A HIGH DENSITY MINERAL BOND, UM, CALLED H HA FIVE.
IT KIND OF LOOKS, IF YOU'RE NOT REALLY UP CLOSE TO IT AND TOUCH IT, LIKE PAINT, IT'S NOT JUST PAINT.
UM, IT ACTUALLY, UM, UM, GIVES A LITTLE BIT OF OIL BACK TO THE PAVEMENT.
UM, BUT MORE IMPORTANTLY, IT SEALS.
UM, SIX MONTHS AGO WE TALKED ABOUT THE DETERIORATION OF PAVEMENT, AND A LOT OF THAT IS TO DO WITH, UH, NOT ONLY THE TEMPERATURE CYCLES, UM, BUT JUST THE UV ACTION FROM THE SUN THAT MOST OF OUR STREETS ARE, ARE, ARE FULLY, UH, UH, FULLY SUNLIT MANY HOURS OF THE DAY IN, IN TEXAS SUMMERS, UH, THAT THE, THE UV BREAKS DOWN THE, THE OILS, AND THEN THE, THE HEAT JUST EVAPORATES THEM OFF THAT MUCH QUICKER.
UM, THE HA FIVE, THE, THE, THE MINERAL BOND, UH, REPLACES SOME OF THE YIELD, THE, THE SURFACE TO PREVENT AND TO, WELL, TO SLOW THAT DETERIORATION
[00:30:01]
EXTENDS THE LIFE OF, OF THE ROAD.UM, AND, AND THEN ALL THUS SAVING US MORE MONEY IN THE LONG RUN BECAUSE WE'RE PRESERVING THEM FOR LONGER.
AND, UH, FROM THE IMAGES YOU SHOWED AT OUR LAST MEETING, UH, IT SEEMS LIKE THOSE WERE HOLDING UP FAIRLY WELL, EVEN COMPARED TO A NEWLY CONCRETED ROAD, CORRECT? YES.
THEY, UH, UM, THE, THE MINERAL BOND IS, UH, IS MANUFACTURED AND DESIGNED IN SUCH A WAY THAT IT'LL, IT'LL HOLD OUT LONGER THAN, UH, LIKE THE NEW ROAD THAT I, UM, THAT I SHOWED WAS FROM THE SAME YEAR THAT IT'S MUCH GRAYER AND LIGHTER COLOR BECAUSE OF THAT, UM, THE, THE EVAPORATIVE ACTIONS.
UM, SO THIS AGAIN, IS KIND OF A SLIDE THAT WE HAD SIX MONTHS AGO.
IT'S SHOWING YOU THAT, UM, IN ONE WAY OR ANOTHER, WE ARE TOUCHING QUITE A BIT.
THESE WERE THE CIP PROJECTS, UM, UM, FROM THAT WERE ACTIVE SIX MONTHS AGO AND, AND CURRENTLY, UM, UH, OR THE, THE PROPOSED PROJECTS FOR THIS CURRENT YEAR IS WHAT THEY WERE, UM, THAT, UH, THAT WE ARE WORKING ON.
SO WE'RE KIND OF WIDESPREAD ALL OVER.
UM, NOT FOCUSED ON ONE AREA CAUSING TOO MUCH STRESS, NOT FOCUSING ON ONE AREA, NOT ABANDONING ONE AREA.
WE'RE, UH, WE'RE WORKING IT AS A, UH, WITH A ENGINEERING PROCESS, IF YOU WILL, UM, FROM THE, THE SCORES AND EVERYTHING ELSE.
AND I THINK, OH, I'M STILL GOING.
YOU GOT A, I THOUGHT I WAS GETTING CLOSE THERE.
UM, SO SIDEWALK REPAIRS, UM, THESE ARE JUST POINTS AND ADDRESSES THAT HAVE BEEN RECORDED IN OUR WORK ORDER SYSTEM FOR SIDEWALK REPAIRS DONE SO FAR IN THIS FISCAL YEAR ALONE.
UM, WE DO HAVE, UH, AN ONGOING LIST OF WORK ORDERS, UM, THAT'S, UH, A CONTIN, CONSTANTLY EVOLVING LIST OF, UH, OF AREAS OF SIDEWALK THAT WE NEED TO, TO WORK ON.
AND WE'RE SLOWLY CHIPPING AWAY AT THAT.
SOME DAYS IT SEEMS LIKE WE'RE GETTING, WELL, SOME MONTHS WE'RE, IT SEEMS LIKE WE'RE GETTING CLOSER.
SOME, UH, SOME WE HAVE, UH, UH, WE, WE NOTICE MORE DAMAGE OR GETTING MORE, UH, CALLS ABOUT CERTAIN AREAS, SO THE LIST GETS A LITTLE BIT LONGER.
UM, THIS IS SOMETHING THAT WE SPEND, UH, QUITE A BIT OF MONEY ON, UM, WITH, UH, WITH A CONTRACTOR HELPING US OUT, UM, YEARLY.
SO IT'S AN ONGOING, ONGOING BATTLE.
UM, DID WANT TO, UH, TO TALK JUST FOR A SECOND ABOUT COUNCIL MAYOR KINS IS THE QUESTION.
SO, UH, RAMIR, SO, UM, GOING BACK TO THE SIDEWALK, SO THIS IS JUST EXISTING SIDEWALKS, LIKE WE'RE NOT DOING WORK ORDERS FOR NEW REQUESTS, RIGHT? UH, CORRECT.
WELL, WE WOULD DO A WORK ORDER AFTER IT'S BEEN APPROVED THROUGH COUNSEL.
UM, THAT'S, THAT'S HOW IT GETS INTO OUR SYSTEM AND GETS SCHEDULED.
UM, BUT WE DON'T JUST, UH, OUT OF THE BLUE GO AND GO AND ADD 'EM WHERE WE NEED TO.
WELL, NO, I KNOW THAT, UM, THAT WAS AN OPPORTUNITY PRESENTED TO THE PUBLIC WHERE THEY COULD REQUEST AND WE CONSISTENTLY HAVEN'T HAD THE FUNDS.
AND I KNOW AS PART OF OUR MASTER PLAN, WE WERE GONNA LOOK AT PRIORITIZING, UM, WHERE SIDEWALK COULD BE.
AND SO MEETING WITH SOME RESIDENTS IN CHARLESTON, THEY HAD COMPLAINTS BECAUSE, OH, WE'RE SEEING SIDEWALKS GET FIXED, BUT WE'VE BEEN ASKING FOR ONE.
AND SO I JUST WANTED TO, YOU KNOW, BRING THAT POINT UP JUST SO WE WERE CLEAR OF WHAT'S HAPPENING, WHAT'S HAPPENING.
DEPENDING ON THE SIZE OF A LOT AND EVERYTHING, YOU CAN IMAGINE THE, THE, EXCUSE ME, THE SIDEWALK FOR JUST A LOT CAN BE 15 TO $25,000.
SO EXTEND THAT 10 OR 12 OR 15 LOTS GOING DOWN A STREET.
UM, A NEW STREET SECTION WOULD BE QUITE, UH, QUITE EXPENSIVE.
AND WE CAN MUCH MORE EASILY GO AND GO DEAL WITH A HALF A DOZEN SMALL AREAS, UH, POINT REPAIRS.
UM, THEY ALL TAKE TIME AND THEY ALL TAKE MONEY, BUT IT'S, UH, IT'S A LOT EASIER TO, UM, TO GO AND MAKE SMALL POINT REPAIRS AS OPPOSED TO NEW SECTIONS.
AND IT'S, IT'S A SHAME THAT, YOU KNOW, ESPECIALLY YOU SEE A LOT ON THE SOUTH SIDE WHERE THERE'S NOT THAT MUCH SIDEWALKS.
UM, IF I HAD AN ENDLESS BUDGET, YOU KNOW, THAT THAT'S ONE OF THE THINGS I WOULD PUT IN THERE, UH, TO MAKE EVERYTHING AS INTERCONNECTED.
UM, IT'S A SHAME BECAUSE, I MEAN, THERE'S THE OLDER PART OF OUR CITY AND THE CODES THAT WERE THERE AT THE TIME DID NOT FORCE THE BUILDERS TO PUT A SIDEWALK, WHICH IS WHY YOU'RE NOT SEEING THEM THERE.
UM, AND SO NOW WE HAVE TO, YOU KNOW, TRY AND MAKE THOSE CORRECTIONS.
UM, AND, AND, AND MAN, THE COST OF SIDEWALK'S EXPENSIVE TO GET THERE, BUT THAT DOESN'T MEAN THAT WE CAN LOOK FOR OTHER WAYS TO DO IT AND CHIP AWAY AT, AT GETTING THIS DONE.
AND ALSO FIND CREATIVE WAYS IN NEIGHBORHOODS, ESPECIALLY FOR THOSE WHO WANT IT, UH, FIND CREATIVE WAYS TO, TO FUND IT.
AND, UH, AND WE'VE ONLY BEEN TALKING ABOUT, UH, FINANCING ISSUES.
OF COURSE, SOME OF THE OLDER NEIGHBORHOODS, THEIR PROPERTY LINES COME RIGHT UP TO THE ROAD.
UM, SO THERE IS NOT AN EXISTING RIGHT OF WAY
[00:35:01]
THERE.SO WE LITERALLY HAVE TO GO AND GET EVERY PROPERTY OWNER EITHER TO GIVE US THE RIGHT OF WAY OR TO GIVE US AN EASEMENT.
UM, AND GETTING 10 PEOPLE TO AGREE ON SOMETHING, UM, IS, UH, IS DIFFICULT IN ANY YEAH.
CAN BE SITUATION A MONUMENTAL TASK.
UM, JOE, HAVE YOU EVER, UM, YOU'VE WORKED IN OTHER CITIES, I ASSUME.
HAVE YOU SEEN OTHER WAYS OF HANDLING SIDEWALKS BEING PUT IN AND OUT? YOU KNOW, LIKE, I THINK MY SISTER UP IN ILLINOIS, THEY HAVE TO PAY FOR HALF.
HAVE YOU SEEN OTHER, UM, SO THE, THE CITIES THAT I'M FAMILIAR WITH, UM, THEY DID NEW DEVELOPMENT OR REDEVELOPMENT PARCELS, UM, UM, THAT THEY HONESTLY HAD MORE OF THAN WE DO, UM, WOULD REQUIRE THOSE PARCELS TO COME AND, UH, PUT SIDEWALK OUT IN FRONT.
SO YOU HAVE ONE HOUSE OF SIDEWALK, THEN THE NEXT ONE HASN'T BEEN REDEVELOPED YET, AND THE NEXT ONE HAS, SO YOU GET SIDEWALKS TO NOWHERE.
UM, AND THE, YOU, YOU HAVE A MIX MATCH AND A CHECKERBOARD OF SIDEWALKS EXIST.
UM, THE, THERE WERE SOME PROJECTS IN THAT CITY WAS LOOKING AT TO, UM, AS I LEFT, UM, WAS LOOKING TO SPEND SUBSTANTIAL FUNDS ON A SIDEWALKS TO NOWHERE PROJECT, WHICH WOULD FIX THE PIECEMEAL, THE PATCHWORK.
UM, BUT AGAIN, IF YOU'RE TALKING ABOUT THREE, FOUR HOUSES AT A TIME, YOU'RE, YOU'RE STILL TALKING CONSIDERABLE ISSUES.
AND, AND THAT'S WITHOUT TREES IN THE WAY THAT MAY OR MAY NOT GET, HAVE TO GET TAKEN DOWN.
DRAINAGE ISSUES, UM, CURB AND GUTTER STREETS ARE A LOT EASIER TO DO SIDEWALK ON, BUT STILL MANY OF OUR AREAS ARE FAIRLY WELL SLOPED RIGHT AFTER THE CURB.
SO THERE ARE, UM, LIMITATIONS LEGALLY ON HOW, UM, TILTED A SIDEWALK CAN BE.
UM, SO DOES THAT MEAN, BECAUSE THAT LOT IS GOING AT A, AT A THREE TO ONE SLOPE, UM, DOES THAT MEAN THAT WE THEN HAVE TO PUT A RETAINING WALL IN AND THAT MORE MONEY GOTCHA.
SO IT'S NOT, SO THAT'S WHAT, THAT'S WHERE YOU GO FROM THE 10 AND $15,000 PER LOT TO 30 OR 40 OR 50 PER LOT.
SO, SO WHAT I'M HEARING IS IT'S NOT AS SIMPLE.
IT'S NOT AS SIMPLE AS QUITE JUST, HEY, LET'S PUT IN SIDEWALKS.
TEAR UP MY GRASS AND PUT DOWN SOME CONCRETE AND WE'RE GOOD.
UM, ALSO EACH, YOU GOTTA REMEMBER EACH ONE OF THOSE DRIVEWAYS IS ALSO A CHALLENGE.
UH, 'CAUSE THEY HAVE TO MEET THE SAME CRITERIA.
AND IF THEY WERE BUILT AT THE, AT AN ANGLE 30 YEARS AGO OR IN CONDITION THAT, UH, THAT DOESN'T MEET REQUIREMENTS, THOSE ALL HAVE TO BE REBUILT ALSO.
UM, SO AS WE WERE TALKING, UH, UPFRONT, WE MENTIONED SIGNALS.
UH, THE CITY CURRENTLY HAS 27 SIGNALS WE MAINTAIN, I KNOW A HOT TOPIC RECENTLY HAS BEEN, UM, UP IN OUR SECTION OF CHEEKS BARK, WHERE WE HAVE A LARGE GROCERY RETAILER COMING IN SHORTLY.
WHAT WE'RE, WE'RE GETTING AN HEB.
UM, THE, UM, THE CITY IS NOT DIRECTLY FUNDING THE, UM, DESIGN OR CONSTRUCTION OF A SIGNAL, BUT WE WILL BE MAINTAINING A NEW SIGNAL AT THEIR MAIN ENTRANCE RIGHT IN FRONT OF THE STORE OR RIGHT.
OR JUST TO THE SIDE OF THE STORE ON CHEEKS BARK.
UM, THE, THE CITY IS WORKING WITH, UH, ELI AND TU TO, TO MAKE THIS AS SMOOTH OF A JOURNEY AS POSSIBLE.
I KNOW, UM, I'VE BEEN TOLD THAT, UH, UM, FOR TWO TO THREE MONTHS AFTER THE STORE OPENS, THERE'S NOT MUCH YOU CAN DO.
UM, I LIVE NEAR ONE OF THEIR NEWLY, UH, UH, NEWLY OPEN STORES OR, OR NEWER OPEN STORES, UH, IN THE ALLIANCE AREA OF FORT WORTH.
AND IT WAS A MESS FOR SEVERAL MONTHS.
AND THOSE, UH, THOSE STREETS ARE THREE AND FOUR LANES WIDE IN EACH DIRECTION.
UM, SO OUR LITTLE SECTION OF CHEEKS, BARGER IS GOING TO BE, UM, A CHALLENGE FOR A LITTLE BIT, BUT IT SHOULD, UM, IT SHOULD WORK OUT.
I MEAN, I HEARD THE SAME THING WHEN WE PUT IN CHICK-FIL-A.
OF COURSE, UH, CHICK-FIL-A GOT IN THERE, EVERYONE'S LIKE, IT'S GONNA BE A MESS, IT'S GONNA BE A MAN.
BUT THEN, UH, AND IT WAS FOR OBVIOUSLY THE FIRST FIRST COUPLE WEEKS, MONTHS, AND THEN, UM, THINGS, THINGS IMPROVED, CORRECT.
UH, TRAFFIC PATTERNS IMPROVED, UH, BEHAVIORS IMPROVED, AND, AND, AND IT WORKED ITSELF OUT.
UH, BUT TO THE PUBLIC TO LET EVERYONE KNOW THAT WE ARE DOING, WE'RE, WE'RE WELL AWARE OF THE CHALLENGES, AND THIS IS WE'RE, THIS IS A LOT BIGGER IN CHICK-FIL-A.
THIS IS NO, AND, AND, AND, AND OF COURSE, BUT WHAT MY POINT TO THAT WAS, WAS THAT IN ANYTHING THAT COMES NEW, THERE'S GOING TO BE EXCITEMENT.
THERE'S GOING TO BE THINGS THAT COME AROUND.
UM, THAT BEING SAID, WE KNOW THAT THERE'S GONNA BE CHALLENGES AND EVERYONE'S GOTTA DO THEIR PART.
UM, AND WE'RE IN DISCUSSIONS WITH TX.YOU LIST TO TIME, THOSE, TIME, THOSE LIGHTS.
UM, WHAT I WOULD SAY IS THAT OF ALL THE ENTITIES AND CITIES, OUR STREET IS THE MOST, UH, CAPABLE OF HANDLING IT.
WE HAVE TWO LANES GOING, UH, BOTH DIRECTIONS PLUS A MIDDLE TURN LANE.
UH, YOU HAVE ELI WHO DOES, WHO DOES NOT HAVE THAT.
[00:40:01]
ALI BILL'S PORTION OF CHEEKS, BARGER.SO, UM, OF ALL THE ENTITIES, I'D SAY WE ARE IN BETTER SHAPE THAN THE REST.
THIS WILL BE THE, FOR OUR JURISDICTION.
SO JOE, THIS, THIS LIGHT IS NOT GOING INTO THE BACK EXIT OF WALMART, IT'S GONNA BE IN THE MIDDLE OF THE STREET.
THIS, UH, UH, THIS WILL BE THE CENTER OF THREE INTERSECTIONS.
UH, THE CITY OF BEDFORD MAINTAINS, UM, AT, AT RIO GRANDE AND AT HERITAGE ARE THE OTHER TWO.
THE, THE INTENTION WOULD BE THAT AS THAT LOT THERE, UM, ON THE SOUTH SIDE OF THE CIRCLE, WHEN THAT DEVELOPS, THEN THEY WOULD OBVIOUSLY HAVE TO COME, THEIR DRIVEWAY WOULD NEED TO ALIGN WITH THIS SIGNAL.
SO, UM, I THINK WE'VE HAD A COUPLE DEVELOPMENT PLANS COME AND GO.
I DON'T KNOW IF ANYTHING'S ACTIVE RIGHT NOW.
IT HAS BEEN SOME TIME SINCE I'VE HEARD IT.
IT'S BEEN SEVERAL WEEKS OR A MONTH.
UM, BUT THAT OBVIOUSLY THE TRAFFIC OUT OF THAT LOT WOULD COME, COME THROUGH HERE AS WELL.
THERE WOULD NOT BE ANOTHER CURB CUT THAT WOULD OCCUR, UM, ON CHEEKS BAR IN THAT AREA? CORRECT.
IT WOULD BE FUNNELED THROUGH HERE.
AND IS IT GONNA AFFECT THAT LITTLE SHOPPING CENTER WE HAVE THERE WITH TRAFFIC? I MEAN, THERE'S NOBODY, THE LEFT TURN TO COME BACK INTO THAT SHOPPING CENTER HEADING, HEADING WEST IS NOT GONNA BE FUN AT ALL.
WE'RE ON THE OTHER SIDE OF THAT ENTRYWAY INTO WALMART IF I'M, IF I'M IN THE RIGHT SPOT.
UM, SO YEAH, YOU'RE BETWEEN THE, IT'S FURTHER TO THE WEST, SO THIS WOULD NOT YEAH, THIS WOULD NOT IMPACT THAT.
IT IMPACT IT, BUT IT'S GONNA IMPACT IT.
YEAH, RIGHT THERE OVER, UH, OVER WHERE THAT BUBBLE IS TO THE, THE LEFT.
THAT'S, UH, ABOUT WHERE THE, THE ENTRANCES ARE TO THAT OTHER DEVELOPMENT THAT, UH, UM, SO IT WOULD BE PAST THAT.
SO TRAFFIC IN THE AREA, UH, IS GONNA BE AFFECTED OBVIOUSLY, BUT THEIR ENTRANCE IS A LITTLE BIT OFF TO THE SIDE.
UH, STREET SIGNAGE WAS THE, THE LAST TOPIC OF DISCUSSION.
UM, WE, WE SPENT ABOUT AN $8,500, UH, ANNUAL BUDGET TO REPLACE THEM.
UH, SO FAR, JUST SINCE OCTOBER THROUGH THE END OF LAST MONTH, WE HAVE COMPLETED 121 VARIOUS WORK ORDERS.
UM, UM, EITHER STUFF WE HAVE NOTICED OR, OR CITIZEN, UH, CALLS ABOUT, UH, EITHER SIGNS BEING DAMAGED, UM, OR, OR BEING TOO FADED OR WHATNOT.
UM, IN, IN OVERALL IN OUR INVENTORY, UH, WE DO HAVE 126 TYPES OF TRAFFIC SIGNS, 6,700 TOTAL SIGNS, UM, 984 SI, UM, STOP SIGNS ALONE.
UM, EACH ONE OF THOSE, UM, THE, DEPENDING ON THE COMPLEXITY OF THE SIGN AND THE SIZE IS BETWEEN ABOUT 35 TO $65 TO REPLACE.
UM, SO AGAIN, YOU CAN START TO IMAGINE HOW THAT STARTS TO ADD UP.
AND THAT'S JUST A SIGN ALONE, THE POST AND THE, UM, THE FOUNDATION ARE ACTUALLY ABOUT TWICE THAT.
SO JOE, WHO'S, UH, FOR OUR CITY IN THE FREEWAYS, IT'S TXDOT FOR ALL THE SIGNAGES, CORRECT.
NOT ONLY ON THE TDOT, UH, UM, IT'S TDOT AND THE NORTH TARRANT EXPRESS, UM, THAT DO ALL OF THE INTERSECTIONS AND ALL OF THE, UM, LIKE THE EXIT SIGNS AND ALL THAT.
UM, IT'S 'CAUSE UH, MY LAST, UH, MEETING ON SATURDAY, UM, WITH PUBLIC KIND OF TOWN HALL, UH, SOMEBODY MENTIONED THE FACT THAT, AND THEY'RE NOT WRONG, UH, ON OUR HIGHWAYS.
UM, SOME OF THOSE ARE FADED FROM BEDFORD, CORRECT? YEAH.
AND ALL OF THOSE INTERSECTIONS AND ALL OF THE RAMPS COMING IN AND OUT ARE, UM, WELL, 180 3 THROUGH THE CITY IS ALL THE NORTH TARRANT EXPRESS AND ONLY THE PORTION OF, UH, LEAVING JUST THE PORTION OF 1 21 NORTH OF BEDFORD ROAD, UM, ROUGHLY IS IS TEXT O.
SO, SO DO WE CON WE CONTACT THEM FOR REPLACEMENTS? FOR THOSE, FOR THOSE SIGNS? OKAY.
IF, IF WE ARE MADE AWARE OF IT, WE, WE CONTACT THEIR MAINTENANCE CREWS.
I WOULD SAY ONE OF 'EM FOR SURE IS THE, UM, EXIT WHEN YOU'RE GOING NORTHBOUND TO, UH, HARWOOD, THAT THAT BIG GREEN SIGN THERE, IT'S FADED, IT LOOKS, IT LOOKS BAD.
WELL, THEY'RE ALL, AND THEY'RE ALL, THEY'RE ALL, AND THAT WHOLE CORRIDOR ARE BAD FOR, FOR OUR EXITS, SO, UM, YEAH.
MAKE, MAKE A, UH, A DAILY PHONE CALL TO THEM.
CAN BARELY MAKE OUT WHAT IT IS.
AND NTE IS A SEPARATE PRIVATE ENTITY.
UM, BUT I KNOW TEXDOT DISTRICT WIDE HAS BEEN HAVING CHALLENGES, UM, WITH, UH, WITH THE CONDITION OF THEIR SIGNAGE AND GETTING REPLACEMENT PROGRAMS THAT ARE FAST ENOUGH AND THOROUGH ENOUGH TO DO IT.
I HAVE ONE MORE QUESTION FOR YOU.
UM, I WANNA SAY BACK IN 20 15, 20 16, WE PAINTED THE STREET NAMES ON THE
[00:45:02]
SIDEWALKS JUST DUE TO THE FACT THAT, UH, THEY HAD THE BIG MOORE TORNADO AND NOBODY COULD IDENTIFY THAT.IS THAT PART OF OUR, OUR BUDGET TO GO BACK AND RE UM, PAINT THOSE? NOT THAT I'M AWARE OF.
UM, I, I WOULD THINK IN THE LAST DECADE WE'RE PROBABLY MORE DEPENDENT ON GPS AND THINGS THAT WOULDN'T, WOULDN'T DIRECTLY BE AFFECTED BY A STREET SIGN BEING DOWN.
UM, BUT THAT'S NOT SOMETHING I'VE, I'VE HEARD.
WELL, IT'S NOT JUST THE STREET SIGN BEING DOWN.
IT'S LIKE WHEN THE TORNADO CAME THROUGH, EVERYTHING WAS GONE, THEY COULDN'T HAVE ANYTHING TO IDENTIFY IT WITH.
SO THAT'S WHY THAT WE WENT THROUGH AND WE PAINTED ALL THOSE.
I DON'T KNOW IF THAT'S SOMETHING THAT WE NEED TO LOOK INTO FOR UPGRADE ON THAT TO MAKE SURE THAT WE'VE GOT THAT JUST IN CASE OF A, A MAJOR, MAJOR, UH, EVENT THAT COMES THROUGH.
WE HAVE RECEIVED THE FOUR B FINANCIAL STATUS REPORT AS OF DECEMBER 31ST, 2024 IN FUTURE DEBT CAPACITY DISCUSSION.
GIVE YOU ASSISTANT CITY MANAGER, KAREN RIGGS.
I ALMOST SAID GOOD EVENING MAYOR AND COUNCIL, BUT THAT'S THE WRONG MEETING.
UM, BUT TO ANSWER YOUR QUESTION, UH, ALSO WE CAN LOOK AT THAT WHEN WE DO OUR BUDGET TALKS THIS SUMMER ABOUT LOOKING TO SEE WHAT THAT MIGHT COST AND ADD THAT TO THE BUDGET.
I THINK THAT WAS A FEDERAL GRANT TOO, TO DO THAT.
SO, UM, I DON'T HAVE A FORMAL PRESENTATION FOR YOU TONIGHT.
EVERYTHING WAS IN YOUR PACKET.
UM, BUT THIS IS JUST KIND OF A STATUS UPDATE, UM, ON THE FINANCIALS OF WHERE WE ARE AS OF DECEMBER 31ST.
SO SALES TAX IS, UM, OBVIOUSLY TWO MONTHS BEHIND.
SO WHAT YOU HAVE BEFORE YOU IS REALLY ONLY ONE MONTH'S WORTH OF SALES TAX.
UM, I DID GO AHEAD AND PULL WHAT WE GOT IN JANUARY, WHICH WOULD BE REFLECTIVE OF NOVEMBER SALES, UM, JUST TO KINDA GIVE YOU AN IDEA, BUT FOR SALES TAX ON YOUR REPORT IS 331,278.
THAT IS, UM, 7.86% HIGHER THAN THIS TIME LAST YEAR.
NOW FOR JANUARY, HOWEVER, UM, THAT WAS ACTUALLY DOWN 4.1%.
SO SALES TAX OVER THE LAST COUPLE OF YEARS HAS BEEN, UM, VERY VOLATILE.
WE'VE BEEN, IT'S BEEN VERY CHALLENGING TO PREDICT.
UM, SO THAT'S WHY IN THE BUDGET THIS YEAR WE PRETTY MUCH KEPT IT FLAT.
UM, THE GOOD THING IS, IS THAT INTEREST EARNINGS IS DOING VERY WELL.
UM, WE HAVE A PHENOMENAL FINANCE TEAM WHO IS JUST DOING A REALLY GOOD JOB OF REALLY MAKING SURE OUR DOLLARS ARE INVESTED, UH, AND LADDERED AND THINGS LIKE THAT.
AND SO FOR FOUR B OR FOR THIS FUND THROUGH THE END OF DECEMBER, WE'VE UH, COLLECTED A LITTLE OVER 68,000 IN INTEREST EARNINGS.
JUST TO KIND OF GIVE YOU AN IDEA, LAST FISCAL YEAR, UNAUDITED WE WERE ABOUT 246,000 IN INTEREST EARNINGS IN THIS FUND.
SO THAT REALLY HELPS, UM, FOR FUTURE PROJECTS AND IT HELPS WITH THE VOLATILITY OF SALES TAX.
SO, UM, YEAR TO DATE EXPENSES, AGAIN, WE'RE ONLY THREE MONTHS IN, SO WE'RE SITTING AT ABOUT 251,000.
UM, BUT WE'RE PROJECTING PRETTY MUCH ON TRACK OF WHERE WE WANNA BE.
SO, UM, ANY QUESTIONS ON THE FINANCIALS BEFORE I MOVE FORWARD WITH THE DEBT ANALYSIS? NOPE, ABSOLUTELY.
SO ONE OF THE CONVERSATIONS THAT CAME UP DURING OUR BUDGET PRESENTATION OVER THE SUMMER WAS KIND OF TO LOOK AND SEE WHAT FUTURE DEBT WE HAVE.
YOU KNOW, WE DID DEBT BACK IN 2021, A LITTLE OVER 6.2 MILLION.
UM, AND WE'RE ABOUT, WE ARE LEFT WITH ABOUT 1.4, UM, INCLUDING SOME INTEREST EARNINGS IN THAT BOND LEFT FOR, FOR DEBT PROJECTS OR FOR STREET PROJECTS.
SO WE'RE, WE'RE AT THE POINT WHERE WE NEED TO LOOK AND SEE WHAT WE CAN DO.
SO I REACHED OUT TO HILLTOP, WHO'S OUR FINANCIAL ADVISOR, TO KIND OF SEE WHAT WE MIGHT BE ABLE TO ISSUE AS PART OF FOUR B GOING FORWARD.
UM, SO IF YOU'LL NOTICE WHAT WE GAVE YOU IS, I HAVE TWO DIFFERENT SCENARIOS, UM, IN THAT WE PRETTY MUCH KEPT REVENUES FLAT WITH KIND OF WHAT WE HAVE BUDGETED 'CAUSE WE JUST DON'T KNOW WHAT THE FUTURE HOLDS.
UM, AND THEN WE DID ALSO ANTICIPATE SOME PAY AS YOU GO PROJECTS.
SO THAT'S WHY YOU'LL SEE PROJECTED EXPENSES AT 3 MILLION JUST SO WE CAN KIND OF SEE CAN WE ISSUE SOME DEBT BUT ALSO STILL DO SOME PAY AS YOU GO PROJECTS AND KIND OF WORK WITH THAT.
UM, ONE IS A 20 YEAR PAYBACK PERIOD AND ONE IS A 10 YEAR PAYBACK PERIOD.
YOU NOTICE WITH THE 20 YEAR PAYBACK PERIOD, WE DO, UM, ACTUALLY HAVE SOME FLEXIBILITY AND GET ALMOST DOUBLE WHAT WE WOULD BE ABLE TO DO IF WE DID A 10 YEAR PAYBACK PERIOD.
UM, AND THAT'S ALSO WITH A, UM, JUST KIND OF HOW THE MARKET IS WITH INTEREST RATES AND THINGS LIKE THAT.
SO WE COULD DO, UM, PROBABLY 4.7 MILLION, UM, FOR A 20 YEAR PAYBACK PERIOD, OR WE COULD DO ABOUT 2.9 MILLION FOR A 10 YEAR PAYBACK PERIOD.
UM, ONE OF THE THINGS THAT WE HAVE TO BE CAREFUL WITH WITH FOUR B IS ONE OF OUR FUND BALANCE REQUIREMENTS IS TO MAKE SURE WE'VE GOT FUND BALANCE.
IT'S, UM, ONE TIMES OUR ANNUAL DEBT SERVICE PAYMENT.
SO THAT'S WHY, IF YOU'LL NOTICE, UM, IT DOESN'T AFFECT FUND BALANCE BECAUSE HE'S PROJECTING HIS, OUR REVENUES
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AND OUR EXPENSES TO COVER AND NOT DIP INTO THAT FUND BALANCE.UM, SO THAT'S SOMETHING THAT WE CAN LOOK AT WHEN WE START BUILDING OUR CIP AND COME FORWARD TO YOU THIS SUMMER AS A FUNDING OPPORTUNITY AND TAKE ADVANTAGE OF WHAT THAT MARKET MIGHT LOOK LIKE AT THAT TIME.
I'M, I'M GLAD YOU, YOU GAVE THIS, THIS, UH, INFORMATION TO US.
I THINK, UM, ALL OF US HERE, WE, WE'VE MADE SO MUCH PROGRESS OVER THE LAST FEW YEARS THAT WE DON'T WANT TO KICK THE CAN DOWN THE ROAD AS, AS THINGS WERE DONE IN THE PAST.
WE WANNA MAKE SURE THAT WE'RE ON TOP OF IT AND WE'RE MAINTAINING, UM, OUR ROADS AND, AND, AND CHIPPING AWAY AT THAT LIST.
UH, AND ONE OTHER THING THAT, UM, ALSO HAPPENED, UH, FOR BETTER OR FOR WORSE THAT IS CORRECT ME IF I'M WRONG, COULD BE PART OF THIS CONVERSATION.
YOU MAY BE KNOW WHERE I'M GOING WITH THIS IS WITH CAMPUS WEST AND HOW WE HAD TO, UH, TAKE SOME OF THE PROCEEDS OF THE SALE FOR THAT INFRASTRUCTURE LEAVING MORE CO UM, FUNDS, WHAT, 4.6 MILLION? YOU'RE CHALLENGING MY MEMORY.
I THINK SO, BUT WE'LL ROLL WITH THAT
SO FOR ABOUT 4.6 MILLION THERE THAT WE CAN NOW SHIFT TO, TO THESE PROJECTS.
SO THAT'S PART OF THE CONVERSATION AS WELL.
UM, THAT I'D LIKE TO, YOU KNOW, THAT WE CAN DO SO, SO IN ESSENCE WE WE HAVE A CAPACITY FOR QUITE A BIT.
UM, MY CONCERN THOUGH IS ALSO THAT WE KNOW THAT, UM, INTEREST RATES, IF YOU LOOK AT IT, INTEREST RATES ARE GONNA GO DOWN.
SO THE TIMING OF THIS NEEDS TO BE, NEEDS TO ALMOST PERFECT, ALMOST PERFECT.
YOU HAVE TO PLAN IT JUST RIGHT.
BUT, BUT THE QUESTION IS, UM, IS IT GONNA MATTER MY QUESTION TO YOU SINCE, I MEAN YOU'RE, YOU'RE THE FINANCE GURU, YOU KNOW HOW ALL THESE NUMBERS ARE.
SO LET'S SAY, UM, THEY'RE ANTICIPATING IT TO GO, YOU KNOW, OBVIOUSLY A COUPLE MORE CUTS TO THE INTEREST RATE.
IS THAT REALLY GONNA SAVE US TOO MUCH? I MEAN OBVIOUSLY SAVE, I MEAN WE'RE SEEING INTEREST RATES ON DEBT ISSUANCES ABOUT WHERE IT IS RIGHT NOW OVER THE LAST COUPLE OF YEARS.
I MEAN, IT DOESN'T REALLY AFFECT THE MUNICIPAL BOND MARKET THAT MUCH THAT MUCH.
UM, SO I DON'T REALLY ANTICIPATING IT A WHOLE LOT.
YEAH, BECAUSE THEN, THEN THAT, THAT CASE WE CAN THEN PLAN ACCORDINGLY ON HOW WE WANNA MOVE FORWARD.
UM, BECAUSE I WAS ABOUT TO SAY IF IF, IF THERE WAS GONNA BE SOME KIND OF, IF IT'S GONNA BE LESS THEN LET'S WAIT, WAIT OFF.
BUT IF NOT, THEN, AND YOU KNOW, IT, I I, I LAUGH WHEN BRADY TALK TALKS ABOUT IT 'CAUSE HE'LL GO, IF I HAD A CRYSTAL BALL, I, YOU KNOW, AND, AND IT'S SO TRUE.
YOU KNOW, YOU JUST DON'T KNOW WHAT THE INTEREST RATE MARKET'S GONNA DO.
UM, AND SO I COULD BE TELLING YOU THIS TODAY AND EVERYTHING MAY CHANGE TOMORROW.
YOU KNOW, IT'S JUST, IT'S THE VOLATILITY OF THE INTEREST RATE MARKET.
SO, BUT WHAT JOE AND I HAVE BEEN TALKING ABOUT SINCE HE WALKED IN THE DOOR IS THAT REALLY BUILDING A ROBUST CIP.
AND SO I THINK, UM, MY GOAL, AND IT'S BEEN MY GOAL SINCE I WALKED IN THE DOOR THREE YEARS AGO, IS TO BUILD THAT CIP AND TRULY COME UP WITH A PLAN OF NOT ONLY THE PROJECTS BUT ALSO POTENTIAL FUNDING SOURCES.
AND SO I THINK THIS WAS A REALLY GOOD, UH, OPPORTUNITY TO KIND OF SEE WHAT CAPACITY WE DO HAVE IN ADDITION TO USING YOUR POINT OF ADDITIONAL BOND FUNDS THAT ARE SITTING OUT THERE AS WELL AND COME UP WITH A ROBUST CIP UM, THAT WE LOOK AT EVERY YEAR.
BUT WE STILL HAVE A FIVE YEAR PLAN AND WE KNOW THAT THAT FIVE YEAR PLAN CAN CHANGE, BUT WE LOOK AT IT AND WE LOOK AT IT REALLY WELL EVERY YEAR.
UM, ARE WE TAKING OUR MASTER PLAN INTO CONSIDERATION WITH THIS AS WELL? SO WE JUST COUNSEL JUST RECENTLY, UM, OBVIOUSLY APPROVED THAT AND SO WHEN WE'RE BUILDING THAT CIP LIST, WE'RE TAKING THAT INTO CONSIDERATION.
UM, QUESTIONS FROM THE BOARD HERE AS FAR AS DEBT CAPACITY REFERENCES? OKAY.
UM, I THINK, YEAH, WE'LL KNOW MORE ONCE WE KNOW ALL THE PROJECTS AND HOW WE GO FORWARD, BUT I GUESS MY QUESTION TO YOU IS EITHER ONE OF THESE SCENARIOS, DO YOU FEEL MORE COMFORTABLE? DO YOU FEEL COMFORTABLE WITH THE, UM, SOLVENCY OF THE FUND OF EV YOU KNOW, EVERYTHING GOING FORWARD.
IS THERE ANY RISKS FOR GOING FOR THE 20 YEAR? UM, NOTE THEN 10? I DON'T THINK SO, HONESTLY, BECAUSE ALSO IF YOU LOOK, I MEAN THE DEBT ISSUANCE THAT WE DID IN 21 FALLS OFF IN 2020 IN 2031.
SO IT GIVES US FLEXIBILITY AT THAT POINT TO LOOK AT ADDITIONAL FUNDING AT THAT POINT.
I THINK, I THINK THAT, THAT IT'S ALMOST LIKE A LEAPFROG APPROACH YES.
FOR HOW WE'RE GONNA BE TACKLING THESE, UM, THE CIP LIST.
ISSUE THE DEBT UP FRONT FALLS OFF.
SO IS THAT, IS THAT TRACKING WITH WHAT YOU'RE THINKING AS WELL? YES.
ALRIGHT, WELL DON'T SEE ANY QUESTIONS.
ALRIGHT, WELL WE HAVE REACHED THE END OF EVERYTHING.
THERE'S NO VOTING, NO NOTHING.
I WILL HEAR A MOTION FOR ADJOURNMENT.
MOTION BY COUNCIL MEMBER MS. S AND A SECOND.