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 Welcome to the bond. What is this called?

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 Special Citizens Bond Advisory Committee. My name is Kepp Roach. I'm a great

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 unfortunate student chair. But thank you all for serving on this.

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 This is one that leaves because it's a real public open meeting. So we're going

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 to call it being to order and we're going to get started with

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 agenda item cvac23-001. Welcome from city staff and

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 introduction of committee members consultant transcend for strategies LLC

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 and support staff.

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 So thank you all. Some of you know me. I'm Sarah Hensley. I'm the city manager

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 and I just want to if I have a talk to personally want to thank you.

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 I understand what a commitment this is for you to spend nights with us

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 actually from about six o'clock until eight.

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 But it's one of the most important things I think you can do because this

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 is your voice. This is your time to decide what if any moves forward

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 for a bond program. I do want to address one thing and that

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 is why did we hire a consultant? We hired a consultant for two reasons.

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 One is in 2019 which is a little ways ago

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 we were a lot smaller but we we did it ourselves from a staff perspective.

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 I will tell you that it tasked the staff out and a lot of our staff was

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 from finance and we're missing some positions in finance right now that

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 haven't been filled. The second reason is for me it's all

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 about openness and transparency and with a consultant who leads this the

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 staff is only going to give you factual information.

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 But if staff were leading this process then and it was programs like parks and

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 recreation like a library there's a lot more invested into that.

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 So it's important to me that we have a very open and transparent process

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 and that you as committee members make the recommendation based on

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 your votes and it moves forward whatever moves forward.

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 And so that is the reason. And then Cassie there was one other reason and I

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 want to say that.

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 So with that our staff are here because they're some of the

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 staff that will give you factual information history of something can't

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 answer questions but they won't be leading discussions

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 they will not be leading information they will only be here to answer

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 questions. And I do want to thank all our staff and

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 particularly our staff who spent hours putting the notebooks books

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 together. But other than that this is yours. This is the community's process.

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 This is the community's meaning and ultimately it will be the community's

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 recommendations that go forward if any. Thank you.

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 All right well good evening or good early evening I guess when you

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 gather this time of the day. My name is Lizzie Johnson

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 and I am your facilitator for this process.

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 The first thing I want to do I'm going to introduce myself shortly

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 is I want to go through our agenda because

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 which is missing one thing on there but I'm going to get to that in just a

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 minute. We have some presentations tonight.

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 So we're here we're going to get started we're going to get to know each other a

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 little bit at our tables. Please feel free to be happy at where

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 you're sitting because that's where you're sitting for this whole process.

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 Okay you have some new friends now and some new best friends I guess as we

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 go through this. That is purposeful. I don't want you

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 switching tables because I want you to get to know each other

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 because I need you to be open and transparent in this room.

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 And if you switch around every night it's a little bit more difficult to get

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 to know someone and be able to be honest with your friends at the table.

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 So you do have a lot of presentations that you are going to get through in this

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 process. Tonight is a little light it's not heavy we

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 just have a couple and we're going to learn more about

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 city finance 101. Cassie Ogden is going to go through that one of your assistant

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 city managers and then we are also going to have a

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 presentation by another one of your assistant city

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 managers Frank Dixon and he's going to update you on projects

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 from the prior bond. So the city's been busy as you know

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 living in this area there's a lot of growth and there's a lot of change

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 and so we're going to go through a couple of those items tonight. Like I

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 said it's a little light tonight. As we get through this process though

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 we get a lot more presentations and it gets a little heavier each time

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 because there's a lot to go through in the amount of meetings that we have.

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 And so I'm really pleased that you were able to come tonight and that you've

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 decided to dedicate yourself to this. We are going to be fast and furious as we

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 are meeting pretty much every week until July. We have one week that we are

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 not gathering and so I hope all you have all those

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 dates on your calendar and that you're prepared to be here.

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 So let me tell you a little bit about myself as we start going through

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 all of this. I actually live in the area. I moved to Denton in 1996

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 and I was a teacher and I spent 25 years in public education.

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 So that's why I don't have a problem standing in front of a bunch of people

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 and talking. And so I started as a teacher. I moved

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 into campus administration and then into central office

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 administration. So as a citizen, a former citizen of

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 Denton, I lived here and moved here in 1996

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 and I went to North Texas and earned a master's degree and I went to North

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 Texas again. I'm a glutton for punishment and I earned a

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 doctorate okay. So I left for about a year and a half

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 and moved to West Texas and I quickly moved back. Let me tell you.

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 And so in 2014 I moved to Corinth. So that is where I live now. I have a

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 daughter who's finishing her junior year in high school

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 this week and she's going to become a senior very soon. We're all very excited

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 for her. And so my career led me into rooms

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 where people needed facilitation, where people needed a process.

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 And so throughout my career I found myself in rooms where decisions were

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 being made that were very detrimental for students.

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 And so as I've started working through that, I created a company five years ago,

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 Transcend 4. And what we do now is go around the state helping organizations

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 with processes such as this and other special projects.

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 We do a lot of work in school districts but we do work in other

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 types of organizations as well. And so I wanted you to know a little bit about me

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 and the fact that I know this community very well. I'm very entrenched.

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 My daughter is in the Denton ISD School District. So

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 it's an honor and a privilege to be able to give back this way

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 to the community in which you have been a part of for so very long.

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 So tonight I would like for you to introduce yourself to the people at your

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 table since you're going to get to know them very well.

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 If you'll look around your table you have someone with a lovely

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 blue shirt on and that is your table facilitator, okay?

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 And this person is there as a resource and a support. They are not an expert in

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 everything about the city and I've told them don't feel like you

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 have to be. They're there to guide the table, keep the

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 conversation going, to make sure that if you need something at the table

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 they will get it handled for you. And so some of these people will

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 flow in and out and change during some meetings and some may stay the entire

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 time while we're going through this process.

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 So tonight at your table I would like for you to introduce yourself with your name,

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 your occupation, and something that you love

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 about Denton. I'd like for you to share that. Everybody gets a couple of minutes

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 to do so and your table facilitator is going to

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 start off. They're going to be the first person to start and then they're going

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 to send it either to the left or to the

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 right so that the next person can introduce themselves. Everybody gets a

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 couple of minutes and once we get through this we'll move on into our next part of

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 the meeting. Go ahead and get started.

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 [inaudible]

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 [inaudible]

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 Okay, I'm going to bring us back to the large room.

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 One of my favorite things during this process is to hear you introduce

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 yourself because everyone says of something a little different

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 and it says a lot about people because what you're sharing is personal

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 and you're sharing it for a reason and so I love that and I'm glad that you're

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 all here and you were able to meet your friends that you're going to get very

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 used to and I heard some good campus names. I heard Strickland

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 Middle School and Denton High School. I was a teacher at

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 Strickland and an assistant principal there and I was also a teacher and a

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 coach at DHS. Once a bronco, always a bronco. That's right.

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 That's right and so it's great to hear those things

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 and those names being dropped in this room. I love that. So

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 I give you my information you have in your book.

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 You have all the slides in your book too. It's I believe under tab

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 three I think. This is my cell phone and my email address and I give this to

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 you purposely because my job is to serve as your

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 advocate for this committee and so I need to know a if you have

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 concerns about something happening in this room

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 and b if you have questions because we don't want to have our questions in a

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 silo we need them where everybody hears them

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 and so one of the things I like to do is when committee members contact me

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 during the process and they have questions I go find the

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 answer and then I send that email out to

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 everyone in this room the question and the answer so we are all

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 educated through this process so in between this meeting and next week

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 quick turnaround right but if questions come up

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 concerns come up I want you to call me it's not

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 that any of those people in the back can't help you because I know they can

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 but if you had one question and you called five of them

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 you might get a different flavor of an answer within that one question

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 but if you call me or you email me I'm going to get the best

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 answer for you and that way everyone in the room shares that answer and is

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 educated through that so you have my info now and I also do

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 text messages if that's something you like

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 okay so in your binder you also have your charter

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 that the city council approved I would take time

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 uh throughout this process and maybe when you go home tonight to read through

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 that it has all of the ordinances in there

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 that were passed by the city it's very much your instructions okay

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 now that's a lot of high level language in that right

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 now I'm going to tell you what your real job is your real job in this room is to

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 make good decisions for the citizens of Denton

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 that's why you're here and so as you work through this process and you learn

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 more and more about these facilities and these projects

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 your job is to build the best package that you can

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 that is a good package for the citizens that will then be presented to the city

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 council so as we go through this there's a lot

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 of information that you're going to be given it's like getting

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 information through a fire hose I say sometimes but

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 hang in there with me because you're going to have time to go home and digest

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 that you'll always get to take this binder

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 home with you it is your playbook so I want you writing in it I want you to

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 bring it back every time it's where all of your information will

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 go okay housekeeping one thing I want to

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 tell you before we get any further as you know these meetings are streamed

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 so anyone can watch them but they're also

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 audio means the audio is alive in this room

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 and I have my friends in the back explain to me that the audio is very

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 sensitive so even a whisper can be heard now we

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 have a lot of smart people in this room a lot of decorum

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 I just want to make you aware of that as we move through this process

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 that if things you say are going to be heard by anyone watching

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 or anyone who will go back and watch a recording of this

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 so so here's a few housekeeping rules that I like to attend to

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 first as we go through all of this everything you need will be at your

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 place setting every time you come into this room

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 so you'll take your uh your binder home but when you come back next week the

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 slides will be printed and they will be sitting there for you to put into your

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 binder this way all of the materials are just

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 collected and you have this to use purposely

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 I know it's a lot of paper trust me I get it I live with the millennial

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 okay and I hear about paper and q-tips all the time

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 okay and so what we have to do is we print it because it's a good note

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 taking system for you and it helps you as the

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 presenters present to write notes to write questions to

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 write thoughts and then as we go through the process

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 you'll understand why that's so important

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 we will not have breaks we have a lot to get through now

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 does that mean you can't take a break absolutely not there are some lovely

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 restrooms out here in the hallway there's plenty of food and there's uh

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 water and tea and all of the refreshments

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 if you need to take a break get up and take a break no one is going to

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 be upset with you for doing that if you need to go outside and take a call

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 do it if I give you a five minute break you're going to take a 25 minute break

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 okay I've been through this before and we don't have the time to do that and so

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 your breaks are on your own right uh the city of Denton leadership team

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 and a lot of content area experts are here in the room that are going to be

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 helping us throughout this process you will see presentations from some of

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 them and then they will also circulate during our

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 table talk time to answer any sidebar questions

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 your meet attendance here is the most important thing you being here is very

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 important because if you miss too many meetings

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 you miss the information and at the end of this there's going to be some big

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 decisions being made and so if you do miss and you you just

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 can't be here and I get it you got kids kids that are sick

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 work that calls or family that needs you I get it

236
00:23:27,920 --> 00:23:32,080
 I will always be here at five o'clock before every meeting

237
00:23:32,080 --> 00:23:36,400
 you can come in and we can sit down and go over any slides that you missed the

238
00:23:36,400 --> 00:23:39,520
 prior meeting I am happy to do that with you

239
00:23:39,520 --> 00:23:45,280
 we will also have a place online uh Ryan where what's that website

240
00:23:45,280 --> 00:23:51,680
 discussdenton.com discussdenton.com and that's where other people can ask

241
00:23:51,680 --> 00:23:54,800
 questions and where materials will be housed from

242
00:23:54,800 --> 00:23:59,040
 this committee now as you know Kevin read the formal

243
00:23:59,040 --> 00:24:01,120
 statement at the beginning that's because

244
00:24:01,120 --> 00:24:04,560
 it's likely that we may have some city council members attend some of these

245
00:24:04,560 --> 00:24:08,000
 meetings and we may have a quorum at one point so we have to have

246
00:24:08,000 --> 00:24:14,320
 that protocol if we have any public citizens attend they will have a seat

247
00:24:14,320 --> 00:24:18,080
 in the back and they are they can ask questions

248
00:24:18,080 --> 00:24:22,320
 through that portal through that website but they will not be asking questions

249
00:24:22,320 --> 00:24:27,520
 when you all have the opportunity to to do so so this committee the questions

250
00:24:27,520 --> 00:24:30,960
 the table talk the process all happens in this room and then if we

251
00:24:30,960 --> 00:24:35,040
 have any public citizens they'll be in the back and they can do that online

252
00:24:35,040 --> 00:24:40,000
 okay so y'all I was a middle school teacher and I know you can't have more

253
00:24:40,000 --> 00:24:43,360
 than four rules right because after four forget it okay

254
00:24:43,360 --> 00:24:48,080
 so in my in my meetings we have one speaker at a time and that's just out of

255
00:24:48,080 --> 00:24:52,400
 respect for the person who's speaking and that was the rule number two see

256
00:24:52,400 --> 00:24:56,880
 they go together and then the third is I'd love for you to listen with the

257
00:24:56,880 --> 00:25:00,880
 desire not just to contribute but also to learn

258
00:25:00,880 --> 00:25:04,400
 I think it's very important even if you've been through this process before

259
00:25:04,400 --> 00:25:07,600
 if you've been in meetings like this where this kind of information has been

260
00:25:07,600 --> 00:25:10,320
 discussed please come in here with a beginner's

261
00:25:10,320 --> 00:25:14,880
 mindset because you are going to learn some new things it's all very updated

262
00:25:14,880 --> 00:25:19,440
 information and engage in this entire meeting now

263
00:25:19,440 --> 00:25:22,560
 these phones that we have they're awesome okay

264
00:25:22,560 --> 00:25:27,120
 and I'm sure my child has already texted me she knows I'm here working but I'm

265
00:25:27,120 --> 00:25:30,400
 sure she's already texting me about some frivolous thing that she wants me to

266
00:25:30,400 --> 00:25:34,160
 attend to we have families we have work we have

267
00:25:34,160 --> 00:25:37,840
 lives outside of this room if you can be here with me as much as

268
00:25:37,840 --> 00:25:41,280
 possible be here but if you need to be on your phone to take a call

269
00:25:41,280 --> 00:25:44,560
 or shoot a text or you know check an email that's fine

270
00:25:44,560 --> 00:25:47,760
 I will never tell you to turn your phones off because that is an important

271
00:25:47,760 --> 00:25:52,560
 part of life that you have to attend to just be here as much as possible as much

272
00:25:52,560 --> 00:25:55,920
 as you can because I don't want you to miss anything that's super important that

273
00:25:55,920 --> 00:26:00,560
 will be presented and one of the last norms that we use in

274
00:26:00,560 --> 00:26:04,320
 this room as you noted we started right on time and we will

275
00:26:04,320 --> 00:26:08,080
 start on time every time we're in this room 6 p.m

276
00:26:08,080 --> 00:26:12,480
 and I'm going to make a commitment to you that we will end on time every night

277
00:26:12,480 --> 00:26:16,000
 and there's some people in this room who've been in meetings with me before

278
00:26:16,000 --> 00:26:19,280
 who know that happens so when eight o'clock rolls around we

279
00:26:19,280 --> 00:26:23,040
 may be finished before then but at eight o'clock we will be walking to

280
00:26:23,040 --> 00:26:28,000
 our cars I can promise you that but the way we do that is

281
00:26:28,000 --> 00:26:32,000
 we don't have open forum questions because

282
00:26:32,000 --> 00:26:36,000
 that would keep us here sometimes till 10 or 11 o'clock at night and y'all know

283
00:26:36,000 --> 00:26:38,880
 what I'm talking about because you sat in meetings like that

284
00:26:38,880 --> 00:26:44,880
 so the way we do table talk and Q&A is this a presenter will present

285
00:26:44,880 --> 00:26:47,920
 just like tonight Cassie Ogden will present first

286
00:26:47,920 --> 00:26:52,640
 when she finishes she will never say are there any questions

287
00:26:52,640 --> 00:26:56,240
 she's going to walk away and I'm going to walk back up and we're going to have

288
00:26:56,240 --> 00:27:01,440
 about 10 minutes to talk at our table about what the presentation included and

289
00:27:01,440 --> 00:27:05,440
 that's an important thing because what I hear Kevin may have

290
00:27:05,440 --> 00:27:09,360
 heard something a little different and so we want to be able to help each other

291
00:27:09,360 --> 00:27:12,960
 go through the presentation and talk about the important facts

292
00:27:12,960 --> 00:27:17,440
 each table will come up with one important question

293
00:27:17,440 --> 00:27:21,360
 per presentation so we got six tables we're going to have six questions

294
00:27:21,360 --> 00:27:26,640
 at the end of the night if your question that you posed or a question you had

295
00:27:26,640 --> 00:27:30,240
 never got attended to you will write it on a sheet of paper

296
00:27:30,240 --> 00:27:33,760
 there's some paper we've got post-it notes whatever works for you

297
00:27:33,760 --> 00:27:37,120
 hand it to your table facilitator tomorrow

298
00:27:37,120 --> 00:27:40,720
 you will be getting a summary email you'll get a summary email from me after

299
00:27:40,720 --> 00:27:43,600
 every meeting so if you don't get it something's wrong I don't have your

300
00:27:43,600 --> 00:27:48,080
 email correct or something is arise so make sure you check with me

301
00:27:48,080 --> 00:27:51,600
 you'll get an email tomorrow that has you know just a

302
00:27:51,600 --> 00:27:54,800
 brief little note in it but it's going to have an attachment that's called the

303
00:27:54,800 --> 00:27:58,560
 parking lot that's what we call it the parking lot is where we put all the

304
00:27:58,560 --> 00:28:00,720
 questions that didn't get answered in this room

305
00:28:00,720 --> 00:28:05,600
 and they will have answers to them and so after every meeting we will have that

306
00:28:05,600 --> 00:28:10,240
 and you'll be given that information and I'm telling you this because during

307
00:28:10,240 --> 00:28:13,040
 a presenter while a presenter is up giving their

308
00:28:13,040 --> 00:28:16,240
 presentation we don't stop them we let them get through their

309
00:28:16,240 --> 00:28:21,920
 presentation one just out of respect two I've presented enough to know if I

310
00:28:21,920 --> 00:28:25,360
 get interrupted it throws me off and I lose my train of

311
00:28:25,360 --> 00:28:29,280
 thought and I can't get back to where I was so when we have our two

312
00:28:29,280 --> 00:28:33,280
 presentations tonight we will let them go through the presentation

313
00:28:33,280 --> 00:28:35,520
 that's what you're going to use your book for you're going to write your

314
00:28:35,520 --> 00:28:38,640
 notes you're going to write your questions write your thoughts down

315
00:28:38,640 --> 00:28:41,840
 and then when we have our table talk we'll come up with our question

316
00:28:41,840 --> 00:28:45,120
 and anything lingering will be given to me at the end of the meeting

317
00:28:45,120 --> 00:28:50,560
 okay awesome so in your book you also have your agenda for all of the

318
00:28:50,560 --> 00:28:53,200
 meetings we we got a lot to do in a short amount

319
00:28:53,200 --> 00:28:55,360
 of time but we're going to get through all of this

320
00:28:55,360 --> 00:29:00,480
 tonight like I said is city finance 101 and a review of projects since the prior

321
00:29:00,480 --> 00:29:04,400
 bond the next few meetings are a lot about

322
00:29:04,400 --> 00:29:08,000
 facility assessments so the next one we're going to get a brief demographic

323
00:29:08,000 --> 00:29:11,120
 report of the city and what the growth looks like and the

324
00:29:11,120 --> 00:29:15,040
 citizens and all of those numbers and then we'll start in our facility

325
00:29:15,040 --> 00:29:18,000
 assessments we'll do that also at meeting three

326
00:29:18,000 --> 00:29:20,960
 and then we are going to go on a saturday morning

327
00:29:20,960 --> 00:29:25,360
 and take a tour of the facilities that we are going to talk about in this room

328
00:29:25,360 --> 00:29:28,800
 now many of you have probably been in these facilities

329
00:29:28,800 --> 00:29:33,040
 at some point in your life but I really encourage you to be here on that

330
00:29:33,040 --> 00:29:37,440
 saturday it is very eye opening to see

331
00:29:37,440 --> 00:29:41,120
 certain things in these buildings that you may not see as a citizen who just

332
00:29:41,120 --> 00:29:44,480
 walks in to use a facility so please make sure

333
00:29:44,480 --> 00:29:48,960
 you have that on your calendar cassie remind me june 10th june 10th

334
00:29:48,960 --> 00:29:53,520
 and we're going to have a quick morning uh talk and we're going to get on a bus

335
00:29:53,520 --> 00:29:58,320
 and go do all of this and go um see all these facilities and meeting four

336
00:29:58,320 --> 00:30:01,680
 is more of continued facility assessments we're going to have a

337
00:30:01,680 --> 00:30:05,280
 worksheet that night that's going to have all the projects on it

338
00:30:05,280 --> 00:30:09,040
 and the cost okay now this is where I give my lizzie

339
00:30:09,040 --> 00:30:13,920
 speech across our nation construction costs are high

340
00:30:13,920 --> 00:30:17,680
 that is just the bottom line it's everywhere you go

341
00:30:17,680 --> 00:30:22,160
 it's not just unique to our area not just unique to texas

342
00:30:22,160 --> 00:30:26,720
 but we are in a time where construction is different than it used to be

343
00:30:26,720 --> 00:30:30,480
 labor shortages supply chains just you name it

344
00:30:30,480 --> 00:30:34,320
 and i see this in my work all over the state when i work with the groups that

345
00:30:34,320 --> 00:30:38,320
 are putting bonds together and so you will get those costs that

346
00:30:38,320 --> 00:30:41,520
 night but i need you to put yourself in a frame of mind

347
00:30:41,520 --> 00:30:45,440
 that these buildings are buildings where a door may be opened

348
00:30:45,440 --> 00:30:51,840
 400 times a day or a toilet may be flushed 100 to 200 times a day

349
00:30:51,840 --> 00:30:55,200
 and so it's very different from your home where

350
00:30:55,200 --> 00:30:58,480
 maybe five to eight people live and are using

351
00:30:58,480 --> 00:31:02,720
 that that place it's just different so i need you to start thinking in those

352
00:31:02,720 --> 00:31:06,400
 terms as we start moving on to these projects

353
00:31:06,400 --> 00:31:09,920
 so at meeting four you will be given a worksheet

354
00:31:09,920 --> 00:31:12,880
 and that night i'm going to send you home with that worksheet and you're going to

355
00:31:12,880 --> 00:31:17,440
 put your first bond together by yourself at home and you're

356
00:31:17,440 --> 00:31:21,040
 going to think about all of the presentations you've heard

357
00:31:21,040 --> 00:31:24,480
 all of the things about finance and growth and about the facility

358
00:31:24,480 --> 00:31:28,000
 assessments and you're going to bring that worksheet back to meeting five it's

359
00:31:28,000 --> 00:31:31,920
 kind of like your homework okay and meeting five our financial

360
00:31:31,920 --> 00:31:36,320
 advisor is going to present the tax implications for the citizens

361
00:31:36,320 --> 00:31:40,160
 of a certain amount of bonds so they're going to show different levels what that

362
00:31:40,160 --> 00:31:44,480
 means to the tax rate things of that nature because as you know

363
00:31:44,480 --> 00:31:47,440
 all of you are going to put this together but you're not the only ones

364
00:31:47,440 --> 00:31:51,200
 who are going to go vote right and so we have to think about what

365
00:31:51,200 --> 00:31:54,800
 the people outside of this room and what they will accept and what they will go

366
00:31:54,800 --> 00:32:00,560
 and support and so that night we'll do a vote at our table so you'll pull your

367
00:32:00,560 --> 00:32:03,600
 worksheet out we're going to talk to our friends and we're going to put a bond

368
00:32:03,600 --> 00:32:06,640
 together at our table that's the second time you've put a bond

369
00:32:06,640 --> 00:32:10,240
 together you see where i'm going with this and the third night or the sixth

370
00:32:10,240 --> 00:32:14,640
 night you will come back meeting six and we will put a bond package together in

371
00:32:14,640 --> 00:32:19,600
 this room as a whole unit and so not just one time not just twice

372
00:32:19,600 --> 00:32:24,080
 but three times you get to think about what you would put in this package

373
00:32:24,080 --> 00:32:27,680
 that will be presented to city council and then ultimately presented to the

374
00:32:27,680 --> 00:32:32,320
 voters of denton it's a system it's a process it works really well

375
00:32:32,320 --> 00:32:37,200
 and i just tell you to trust the process okay that's the best advice i can give

376
00:32:37,200 --> 00:32:39,200
 you and if you want to sidebar and talk

377
00:32:39,200 --> 00:32:42,720
 about our successes in the state of texas i'd be more than happy to share

378
00:32:42,720 --> 00:32:46,800
 that with you because it does work and it gets to the heart of the matter

379
00:32:46,800 --> 00:32:51,520
 and we all get a place at the table when we start putting this package together

380
00:32:51,520 --> 00:32:54,960
 and so a lot of us in our daily lives we work in

381
00:32:54,960 --> 00:33:00,480
 silos um that's just that's just normal that's the way work is sometimes

382
00:33:00,480 --> 00:33:04,800
 but in this room we have to work together and we have to come together

383
00:33:04,800 --> 00:33:09,520
 and find gradients of agreement and so you'll look at this chart you have this

384
00:33:09,520 --> 00:33:14,000
 in your slides too i use this when explaining to people that

385
00:33:14,000 --> 00:33:17,440
 just because they don't like something doesn't mean they have to block it

386
00:33:17,440 --> 00:33:21,200
 immediately right it's a give and take situation

387
00:33:21,200 --> 00:33:24,240
 there is going to be collaboration in this room

388
00:33:24,240 --> 00:33:27,840
 and i will say this once and i will say it over and over again

389
00:33:27,840 --> 00:33:31,920
 not everybody in this room is going to get everything they want

390
00:33:31,920 --> 00:33:35,520
 but everybody in this room is going to get something they want

391
00:33:35,520 --> 00:33:38,960
 and that has got to be our philosophy as we move forward

392
00:33:38,960 --> 00:33:43,280
 understanding that we are working together and not in silos

393
00:33:43,280 --> 00:33:48,240
 now when you do group decision making anytime a new topic is introduced we all

394
00:33:48,240 --> 00:33:51,280
 pick a side that's human nature right i'm going to

395
00:33:51,280 --> 00:33:54,400
 tell you what side i'm on you're going to tell me what side you're on

396
00:33:54,400 --> 00:33:57,840
 and we diverge and we decide where we land

397
00:33:57,840 --> 00:34:02,880
 in that that thing that we're talking about and then we go to the groan zone

398
00:34:02,880 --> 00:34:06,400
 and that's why i leave you at the same table because i need you to get

399
00:34:06,400 --> 00:34:09,760
 comfortable with each other and open and honest there's some people

400
00:34:09,760 --> 00:34:12,000
 in this room i don't think you'll have that problem okay

401
00:34:12,000 --> 00:34:16,000
 and that's good i like that right i that's what i want

402
00:34:16,000 --> 00:34:20,000
 i never want to leave the committee and have anybody tell me

403
00:34:20,000 --> 00:34:23,920
 oh this was decided before i walked in that's not what we're doing in here

404
00:34:23,920 --> 00:34:27,440
 so there's going to be discussions there's going to be contentious times

405
00:34:27,440 --> 00:34:30,640
 there's going to be times when you look across the table and basically tell your

406
00:34:30,640 --> 00:34:34,320
 friend i don't agree with you and that's okay i wouldn't want it any

407
00:34:34,320 --> 00:34:37,440
 other way but eventually we have to converge to a

408
00:34:37,440 --> 00:34:40,240
 decision and that's when we will leave this room

409
00:34:40,240 --> 00:34:43,040
 that last night and have a decision made for

410
00:34:43,040 --> 00:34:47,520
 a presentation to the city council notice the one thing

411
00:34:47,520 --> 00:34:52,080
 on this slide that does not wait for us it does not wait for our decisions and

412
00:34:52,080 --> 00:34:55,440
 that's time and that's why every time you come in this

413
00:34:55,440 --> 00:34:58,640
 room we are going to have a very prescriptive agenda

414
00:34:58,640 --> 00:35:02,880
 that's timed and we have a purpose and we move forward

415
00:35:02,880 --> 00:35:06,320
 that's because we have a lot to get through

416
00:35:06,320 --> 00:35:10,560
 all right and then as you walked into this room tonight you walked in alone

417
00:35:10,560 --> 00:35:14,400
 maybe you found an elbow partner someone you know someone you met

418
00:35:14,400 --> 00:35:18,080
 then you sat down at that table and you met all of your new friends and that is

419
00:35:18,080 --> 00:35:21,120
 how we are going to flow into the consensus model

420
00:35:21,120 --> 00:35:28,080
 as we move forward in this work okay so at this time i am going to

421
00:35:28,080 --> 00:35:34,320
 invite cassie up and i believe ryan is going to come up and change out our

422
00:35:34,320 --> 00:35:39,120
 slides i want to remind you that in your book

423
00:35:39,120 --> 00:35:43,360
 in your book is the slides for the presentation we are moving into city

424
00:35:43,360 --> 00:35:48,320
 finance 101 so if you want to find that in your slides finance 101 is

425
00:35:48,320 --> 00:35:52,160
 the title of it and as a reminder we are not going to

426
00:35:52,160 --> 00:35:55,200
 stop our presenter we are going to let her get through the

427
00:35:55,200 --> 00:35:58,880
 entire presentation and we are going to write our questions

428
00:35:58,880 --> 00:36:01,920
 and our comments down and then we're going to have that time to have that

429
00:36:01,920 --> 00:36:05,760
 discussion at our table so at this time i'd like to turn it over

430
00:36:05,760 --> 00:36:09,360
 to one of your assistant city managers

431
00:36:09,360 --> 00:36:13,920
 good evening and hello i'm cassie ogden i'm an assistant city manager for the

432
00:36:13,920 --> 00:36:18,400
 city of denton also cfo for the city

433
00:36:18,400 --> 00:36:22,880
 oh i'm sorry kevin you have to call the item okay

434
00:36:22,880 --> 00:36:27,920
 next we're moving on to agenda item b cbac 23.003

435
00:36:27,920 --> 00:36:30,880
 receiver report and hold a discussion regarding the scope insurance is the

436
00:36:30,880 --> 00:36:34,080
 right one scope in charge of the special citizens bond

437
00:36:34,080 --> 00:36:38,800
 advisory committee as prescribed by the city of denton ordinance 23-71

438
00:36:38,800 --> 00:36:43,760
 including processes and goals of the committee

439
00:36:43,760 --> 00:36:48,400
 and we're going to also call cbac 23-004

440
00:36:48,400 --> 00:36:52,960
 receiver report and hold a discussion regarding an overview of city finances

441
00:36:52,960 --> 00:36:57,840
 related to the tax rate assessed values and on ratings

442
00:36:57,840 --> 00:37:04,320
 got it thank you all right so we are going to go over finance 101 for the

443
00:37:04,320 --> 00:37:09,760
 city of denton so ryan a few are you going next slide

444
00:37:09,760 --> 00:37:16,240
 i do but i can't do two things at once so the city's tax rate is made up of two

445
00:37:16,240 --> 00:37:20,400
 different components so one is that we call it the mno rate

446
00:37:20,400 --> 00:37:25,280
 it's the maintenance and operations rate this is the part of the tax rate that

447
00:37:25,280 --> 00:37:31,200
 funds our general fund operations so that is the fire

448
00:37:31,200 --> 00:37:38,080
 police parks library staff that you see this is mostly made up of personnel

449
00:37:38,080 --> 00:37:42,080
 costs so for fy23 budget

450
00:37:42,080 --> 00:37:45,760
 personnel is 62 percent of our general fund budget so

451
00:37:45,760 --> 00:37:48,640
 it's people that you are you're paying for for

452
00:37:48,640 --> 00:37:54,720
 that mno rate on your tax rate it also includes all of the operating

453
00:37:54,720 --> 00:38:00,240
 costs within the general fund so insurance some of our contracted

454
00:38:00,240 --> 00:38:06,160
 services training utilities supplies maintenance materials those

455
00:38:06,160 --> 00:38:10,160
 types of things as well as internal service costs

456
00:38:10,160 --> 00:38:17,040
 so this is general fund pays a portion of our internal funds so

457
00:38:17,040 --> 00:38:21,120
 fleet we have a fleet fund technology services fund

458
00:38:21,120 --> 00:38:25,760
 facilities fund procurement and then customer service as well

459
00:38:25,760 --> 00:38:31,440
 so those those costs are part of the mno rates

460
00:38:31,440 --> 00:38:35,280
 the second component of the tax rate is the interest in sinking rate

461
00:38:35,280 --> 00:38:39,520
 so the only thing that is paid from the ins rate

462
00:38:39,520 --> 00:38:44,720
 is the payment and interest on bonds sold for general government bonds

463
00:38:44,720 --> 00:38:48,320
 so this is general government meaning parks

464
00:38:48,320 --> 00:38:52,240
 facilities libraries things like that utilities

465
00:38:52,240 --> 00:38:58,320
 is separate they pay for their own bonds so they make their own bond payments

466
00:38:58,320 --> 00:39:03,680
 but those are the two components of the city's tax rate

467
00:39:03,680 --> 00:39:09,520
 so the the current tax rate is shown on the right hand of the slide

468
00:39:09,520 --> 00:39:14,000
 so 2023 we're currently a little over 56 cents for our

469
00:39:14,000 --> 00:39:17,680
 total tax rate so you can see the black is the

470
00:39:17,680 --> 00:39:25,040
 ins rate so what we are paying for debt and then the blue is the

471
00:39:25,040 --> 00:39:31,120
 operation so mno rate that's what pays or what goes to the general fund

472
00:39:31,120 --> 00:39:37,920
 operating expenses and so over the period from 2017 to now

473
00:39:37,920 --> 00:39:41,600
 we have the city's tax rate has decreased

474
00:39:41,600 --> 00:39:47,920
 a little over 12 cents so we have been overall total tax rate

475
00:39:47,920 --> 00:39:52,960
 decreasing most of that's come from the mno rate so the general fund operating

476
00:39:52,960 --> 00:39:57,040
 side because you can see the the ins rate has stayed

477
00:39:57,040 --> 00:40:00,560
 relatively flat over that that same time period

478
00:40:00,560 --> 00:40:05,600
 and this does include some of the increases for the 2019 bond program so

479
00:40:05,600 --> 00:40:09,920
 we did issue well we the voters authorized 220

480
00:40:09,920 --> 00:40:13,600
 million dollars in 2019 we still have two years left to

481
00:40:13,600 --> 00:40:17,440
 issue like that we have been able to keep that

482
00:40:17,440 --> 00:40:21,520
 tax rate relatively flat since 2019

483
00:40:21,520 --> 00:40:25,120
 including the the bonds

484
00:40:25,120 --> 00:40:31,360
 so the reason we've been able to do that is because the assessed values have

485
00:40:31,360 --> 00:40:35,920
 increased substantially over this time i'm sure everyone got their property

486
00:40:35,920 --> 00:40:42,560
 tax notice in the mail so the city's

487
00:40:42,560 --> 00:40:46,640
 obviously we've seen a huge increase last year 19 percent

488
00:40:46,640 --> 00:40:54,320
 increase in assessed values so 17.3 billion dollars

489
00:40:54,320 --> 00:40:58,720
 assessed values not what you pay but the value

490
00:40:58,720 --> 00:41:02,320
 but we have continued to see increases i think we will continue to see increases

491
00:41:02,320 --> 00:41:05,840
 in the future but you can see we have obviously

492
00:41:05,840 --> 00:41:10,080
 you can look around you see the growth see the property tax bill

493
00:41:10,080 --> 00:41:13,920
 things things are increasing

494
00:41:13,920 --> 00:41:20,400
 so i wanted to show you a comparison of just some surrounding cities we

495
00:41:20,400 --> 00:41:24,320
 we showed city council this during our budget discussions last year

496
00:41:24,320 --> 00:41:30,240
 i believe so our 2022 average taxable home value a little

497
00:41:30,240 --> 00:41:35,200
 over 300 000 so 307 673 000

498
00:41:35,200 --> 00:41:38,640
 and so you can see how our tax rate compares

499
00:41:38,640 --> 00:41:44,000
 to some other surrounding cities so we're kind of right in the middle

500
00:41:44,000 --> 00:41:47,840
 the table is sorted on the total tax rate

501
00:41:47,840 --> 00:41:51,760
 column so it goes from smallest to largest

502
00:41:51,760 --> 00:41:56,720
 dallas being the highest but the taxes due to the city are calculated

503
00:41:56,720 --> 00:42:02,000
 based on that average taxable home value so you can see the portion that goes to

504
00:42:02,000 --> 00:42:06,480
 the mno rate again the general fund operating budget and then the ins

505
00:42:06,480 --> 00:42:10,640
 rate which is the debt debt payments

506
00:42:10,640 --> 00:42:17,280
 and so i'm going to show you a quick video

507
00:42:17,280 --> 00:42:21,360
 and then we're going to talk about what the value that you receive for the taxes

508
00:42:21,360 --> 00:42:35,920
 that you pay

509
00:42:51,360 --> 00:43:07,920
 so

510
00:43:21,680 --> 00:43:23,920
 so

511
00:43:23,920 --> 00:43:39,040
 so thanks ryan um so again just to reiterate where your

512
00:43:39,040 --> 00:43:44,240
 tax money goes so mno rate that's the general fund operating budget

513
00:43:44,240 --> 00:43:47,680
 again just like the video discussed police

514
00:43:47,680 --> 00:43:52,800
 public safety dispatch fire and ems services parks and rec

515
00:43:52,800 --> 00:43:56,400
 staff library services and their programming

516
00:43:56,400 --> 00:44:00,320
 community improvement services animal services municipal court traffic

517
00:44:00,320 --> 00:44:06,000
 operations all of these departments and staff are paid out of

518
00:44:06,000 --> 00:44:11,040
 the general fund so out of that mno rate the

519
00:44:11,040 --> 00:44:17,600
 35 cents ins rate is just the payment on the principal and interest on our bonds

520
00:44:17,600 --> 00:44:20,560
 so our debt payment

521
00:44:20,560 --> 00:44:25,840
 and so because we do issue bonds just like

522
00:44:25,840 --> 00:44:29,600
 you receive you have a probably a personal credit rating the city has a

523
00:44:29,600 --> 00:44:32,400
 credit rating so i wanted to show you our credit

524
00:44:32,400 --> 00:44:35,760
 rating the city's current bond rating is

525
00:44:35,760 --> 00:44:42,240
 double a plus from both s&p and fitch you can see on the right hand side the

526
00:44:42,240 --> 00:44:46,800
 the scale so we are not prime grade but we are high grade

527
00:44:46,800 --> 00:44:51,840
 which is which is very good this is one of the reasons this helps us is it

528
00:44:51,840 --> 00:44:54,720
 it reduces our interest rate that we receive on our bonds

529
00:44:54,720 --> 00:44:59,040
 so the higher the grade the lower your interest rate so

530
00:44:59,040 --> 00:45:04,960
 we have done you can see one of the rating agencies this has came out of our

531
00:45:04,960 --> 00:45:09,200
 last credit report ratings report that they sent us

532
00:45:09,200 --> 00:45:15,120
 so we have tried to maintain strong financial reserves we we budget very

533
00:45:15,120 --> 00:45:20,400
 conservatively and we have tend to come in under budget

534
00:45:20,400 --> 00:45:24,320
 reserves are higher than what we usually anticipate so

535
00:45:24,320 --> 00:45:28,640
 that is we're trying to get to that prime grade but we haven't made it yet so

536
00:45:28,640 --> 00:45:32,480
 that's one of my goals but with that i think that's

537
00:45:32,480 --> 00:45:38,480
 the last slide i have all right and then do you want to go to the next slide

538
00:45:38,480 --> 00:45:42,400
 yeah so i'm going to give y'all about 10 minutes at your tables

539
00:45:42,400 --> 00:45:47,360
 to talk we are going to roam the room if you have sidebar questions you want to

540
00:45:47,360 --> 00:45:50,560
 talk about and ask but come up with those important

541
00:45:50,560 --> 00:45:53,920
 questions that you have and make sure your table selects the best one that you

542
00:45:53,920 --> 00:45:58,240
 want to ask as a group so go ahead and get started

543
00:46:12,400 --> 00:46:24,240
 is

544
00:46:24,240 --> 00:46:38,240
 how do you how do you make that how do we make that jump in

545
00:46:42,480 --> 00:46:46,240
 okay

546
00:47:12,640 --> 00:47:16,240
 you

547
00:47:42,400 --> 00:47:46,240
 my question

548
00:48:12,400 --> 00:48:16,240
 so

549
00:48:42,400 --> 00:48:46,240
 yeah

550
00:49:12,400 --> 00:49:16,240
 like

551
00:49:42,400 --> 00:49:46,240
 yeah

552
00:50:12,400 --> 00:50:16,240
 same

553
00:50:42,400 --> 00:50:46,240
 yeah

554
00:51:12,400 --> 00:51:16,240
 my

555
00:51:42,400 --> 00:51:46,240
 right

556
00:52:12,400 --> 00:52:16,240
 so

557
00:52:42,400 --> 00:52:46,240
 the first

558
00:53:12,400 --> 00:53:16,240
 one

559
00:53:42,400 --> 00:53:46,240
 yeah

560
00:54:12,400 --> 00:54:22,240
 so

561
00:54:22,240 --> 00:54:36,240
 so make sure you get your question decided thank you

562
00:54:42,400 --> 00:54:46,240
 i think you can then you can right now

563
00:55:12,800 --> 00:55:16,240
 right

564
00:55:43,280 --> 00:55:46,240
 is

565
00:56:12,400 --> 00:56:16,240
 so

566
00:56:42,400 --> 00:56:53,200
 i'm gonna bring us back to the large room

567
00:56:53,200 --> 00:56:57,440
 we've had about 11 minutes so good amount of time

568
00:56:57,440 --> 00:57:00,640
 we're gonna start here in the back and start with table five

569
00:57:00,640 --> 00:57:04,960
 and then i'm gonna hand the table facilitator the mic so everyone can hear

570
00:57:04,960 --> 00:57:07,840
 the question and cassie is going to stand in the front

571
00:57:07,840 --> 00:57:11,440
 with the other mic so she can answer so we're going to start back here

572
00:57:11,440 --> 00:57:14,640
 with table five

573
00:57:14,640 --> 00:57:18,800
 uh right now what is the current debt for the city of denton and how does it

574
00:57:18,800 --> 00:57:22,640
 relate to other cities in the area

575
00:57:22,640 --> 00:57:26,800
 i do not have the total number off the top of my head i'm looking at randy back

576
00:57:26,800 --> 00:57:30,240
 there maybe she can maybe she has a current debt is

577
00:57:30,240 --> 00:57:37,280
 approximately 1.3 billion dollars 1.3 billion dollars

578
00:57:37,280 --> 00:57:45,280
 um another 200 million in july yeah well that's actually

579
00:57:45,280 --> 00:57:49,520
 bond proceeds so we will we will receive another

580
00:57:49,520 --> 00:57:53,520
 200 million but most of that is utilities

581
00:57:53,520 --> 00:57:59,840
 right randy yes yes okay good question all right table six

582
00:57:59,840 --> 00:58:03,600
 okay our question is um what kind of flexibility do we have

583
00:58:03,600 --> 00:58:09,280
 um moving forward looking at fixed assets

584
00:58:09,280 --> 00:58:13,440
 looking at fixed assets flexibility as in

585
00:58:13,440 --> 00:58:17,200
 uh an asset 10 years from now uh say a building

586
00:58:17,200 --> 00:58:23,920
 10 years from now um will that be a remodeled building a repurposed

587
00:58:23,920 --> 00:58:29,200
 building um things of that nature

588
00:58:30,480 --> 00:58:34,960
 i'm gonna let christine taylor one of our other assistant city managers answer

589
00:58:34,960 --> 00:58:37,360
 that one

590
00:58:37,360 --> 00:58:43,040
 hello uh so your next week presentation we're gonna run through the condition

591
00:58:43,040 --> 00:58:45,920
 assessment that we do on all of our buildings so

592
00:58:45,920 --> 00:58:49,200
 what does that look like structurally but we definitely have that flexibility

593
00:58:49,200 --> 00:58:51,360
 so we've got scores assessed a building with

594
00:58:51,360 --> 00:58:54,640
 buildings which help us with the planning so we're always option

595
00:58:54,640 --> 00:58:57,760
 looking at you know how could we repurpose a building how could we use the

596
00:58:57,760 --> 00:59:00,480
 space better could it be used for another purpose or do

597
00:59:00,480 --> 00:59:04,000
 we need the asset anymore could we sell it and potentially purchase

598
00:59:04,000 --> 00:59:07,280
 something else so we will bring that back next week on all of

599
00:59:07,280 --> 00:59:10,160
 our building assets that you'll be discussing in the bond program

600
00:59:10,160 --> 00:59:13,920
 and that'll be multiple presentations throughout the the next few weeks and

601
00:59:13,920 --> 00:59:18,560
 and so this table gets the first gt award because they are ready to move

602
00:59:18,560 --> 00:59:20,800
 forward and that's good i like that that's

603
00:59:20,800 --> 00:59:24,400
 good thinking okay there's nothing wrong with that okay i'm gonna throw it over

604
00:59:24,400 --> 00:59:28,320
 here to table three um our table thought there might be

605
00:59:28,320 --> 00:59:32,720
 different types of bonds that we can sell so they're asking what's the

606
00:59:32,720 --> 00:59:38,880
 difference between geo and co bonds are yes geo bonds are

607
00:59:38,880 --> 00:59:42,720
 voter approved so those are approved by the voters

608
00:59:42,720 --> 00:59:46,480
 co's certificates of obligation are not approved by

609
00:59:46,480 --> 00:59:51,440
 voters so those are issued for very specific purposes

610
00:59:51,440 --> 00:59:55,600
 there is there are some statutes that dictate

611
00:59:55,600 --> 01:00:02,560
 what those can be issued for primarily we issue co's for the utility funds

612
01:00:02,560 --> 01:00:06,880
 okay um how does the city get from a high grade rating

613
01:00:06,880 --> 01:00:10,960
 to a premium grade rating and what are your personal steps or goals that are

614
01:00:10,960 --> 01:00:14,800
 getting get there but the concern is the group's

615
01:00:14,800 --> 01:00:19,040
 concern is is them making a decision that will have a negative impact

616
01:00:19,040 --> 01:00:22,800
 on that through this process a really good

617
01:00:22,800 --> 01:00:27,520
 question um now i feel like i'm in a job interview

618
01:00:27,520 --> 01:00:33,360
 um so how to get to premium grade that is that is one of our goals

619
01:00:33,360 --> 01:00:39,440
 uh several both of the rating agencies that we use so s&p and fitch have said

620
01:00:39,440 --> 01:00:44,640
 main thing to do is issue less debt um which i did i know does not bode well

621
01:00:44,640 --> 01:00:48,480
 for our 2023 bond program but trying to be honest with you that's

622
01:00:48,480 --> 01:00:52,080
 what they say um one of the things though that they do

623
01:00:52,080 --> 01:00:55,040
 look at is our our growth projections we have

624
01:00:55,040 --> 01:00:58,320
 always come in higher than what we've projected growth at

625
01:00:58,320 --> 01:01:01,760
 which means our revenues have come in higher as well

626
01:01:01,760 --> 01:01:07,520
 and so also one of the larger focuses is the financial management financial

627
01:01:07,520 --> 01:01:10,320
 policies that we have so as long as we continue

628
01:01:10,320 --> 01:01:17,440
 to conservatively budget manage our financial situation well

629
01:01:17,440 --> 01:01:22,800
 that can lead to a higher bond rating what was the second part of the

630
01:01:22,800 --> 01:01:28,320
 question did i miss it it was the concern was the decision they

631
01:01:28,320 --> 01:01:30,960
 make could it have a negative impact on this

632
01:01:30,960 --> 01:01:34,240
 process right so that's where the the growth

633
01:01:34,240 --> 01:01:38,320
 forecast would come in so how we are projecting we're going to

634
01:01:38,320 --> 01:01:42,080
 talk about that at the next meeting what kind of growth we're projected to

635
01:01:42,080 --> 01:01:45,920
 have in denton and you saw the assessed values we've already seen

636
01:01:45,920 --> 01:01:51,360
 growth in our assessed values and with some of our new developments coming in

637
01:01:51,360 --> 01:01:58,240
 we're continuing to see that growth okay um our question is why is

638
01:01:58,240 --> 01:02:01,760
 the ins rate higher than comparable cities

639
01:02:01,760 --> 01:02:06,560
 and does that tie into historical issues such as road repair

640
01:02:06,560 --> 01:02:11,360
 really good question um so one of the interesting challenges we

641
01:02:11,360 --> 01:02:14,720
 in denton face that some of our surrounding communities do not

642
01:02:14,720 --> 01:02:19,360
 is that we are an older city so we are constantly replacing older

643
01:02:19,360 --> 01:02:22,560
 infrastructure while at the same time growing

644
01:02:22,560 --> 01:02:26,320
 so we have obviously everyone probably has been to the square

645
01:02:26,320 --> 01:02:29,520
 that's some of our oldest infrastructure around the square

646
01:02:29,520 --> 01:02:32,960
 has to be replaced regularly but at the same time

647
01:02:32,960 --> 01:02:38,160
 the city is growing you saw assessed values 19 percent increased last year

648
01:02:38,160 --> 01:02:42,080
 we have continued to see growth in our

649
01:02:42,080 --> 01:02:45,760
 building permits developments coming online

650
01:02:45,760 --> 01:02:49,600
 rooftops being added so it is an interesting challenge

651
01:02:49,600 --> 01:02:53,120
 so i think i heard flower mound as an example

652
01:02:53,120 --> 01:02:56,720
 they're one kind of landlocked they don't have a lot of room to grow but

653
01:02:56,720 --> 01:03:00,480
 they're also a newer city right so they don't have

654
01:03:00,480 --> 01:03:02,880
 some of the challenges that we have like our roads

655
01:03:02,880 --> 01:03:09,920
 being older and our utility infrastructure being older

656
01:03:09,920 --> 01:03:13,920
 so that group stole our question so we'll roll to our second one

657
01:03:13,920 --> 01:03:18,080
 uh there is a question about whether or not there is any correlation between the

658
01:03:18,080 --> 01:03:24,480
 ins rate and average home values or is yeah is there any correlation there

659
01:03:24,480 --> 01:03:29,680
 so the ins rate is completely separate from the average home value

660
01:03:29,680 --> 01:03:32,800
 the average home value is calculated from

661
01:03:32,800 --> 01:03:36,960
 the denton county or i'm sorry denton central appraisal district

662
01:03:36,960 --> 01:03:41,920
 we receive that information from them we use that to calculate the ins

663
01:03:41,920 --> 01:03:47,200
 rate but we actually don't calculate the rate by ourselves we have denton county

664
01:03:47,200 --> 01:03:50,800
 help us calculate that rate so we don't make a mistake

665
01:03:50,800 --> 01:03:55,040
 but they're the ins rate is really reflective of our debt

666
01:03:55,040 --> 01:03:59,280
 level and so as the property values increase

667
01:03:59,280 --> 01:04:04,960
 that average taxable value increases which means you pay more

668
01:04:04,960 --> 01:04:09,600
 property taxes which means we can afford more

669
01:04:09,600 --> 01:04:13,520
 hey great good questions now if for some reason

670
01:04:13,520 --> 01:04:18,000
 a question at your table was not put forward or asked that you had make sure

671
01:04:18,000 --> 01:04:22,560
 it gets on a sticky note or a piece of paper and handed to your facilitator

672
01:04:22,560 --> 01:04:26,480
 i'm going to ask kevin he's going to have to read our next agenda item but

673
01:04:26,480 --> 01:04:29,520
 before he does that i want to say something as you watch that

674
01:04:29,520 --> 01:04:33,040
 wouldn't that video great you're going to see a lot of videos in this room and

675
01:04:33,040 --> 01:04:36,800
 those are things you can go back and look at and also share with others

676
01:04:36,800 --> 01:04:40,480
 and so that is a good example of some of the content you're going to be getting

677
01:04:40,480 --> 01:04:44,000
 as you go forward here and on a side note i love that video

678
01:04:44,000 --> 01:04:47,440
 because it has the civic center pool in it and in 1996

679
01:04:47,440 --> 01:04:51,760
 i was the manager of the civic center i'm going to tell you right now it was

680
01:04:51,760 --> 01:04:57,120
 one of the greatest gigs of my life okay all right kevin take it away

681
01:05:00,240 --> 01:05:06,240
 we're calling agenda item d cbac 23-002 receive a report and hold a

682
01:05:06,240 --> 01:05:11,120
 discussion regarding an update on the 2014 and 2019 bond programs

683
01:05:11,120 --> 01:05:18,640
 thank you sir okay frank take it away all right good evening and welcome

684
01:05:18,640 --> 01:05:21,840
 we're going to go through the previous bonds that we've

685
01:05:21,840 --> 01:05:25,360
 run through bond programs and give you kind of an update on the status of where

686
01:05:25,360 --> 01:05:28,560
 they're at so you guys get kind of a picture of the

687
01:05:28,560 --> 01:05:32,480
 the position we're in for this bond program

688
01:05:32,480 --> 01:05:35,680
 so as you look back in 2014 our bond program

689
01:05:35,680 --> 01:05:39,600
 had a lot of street improvements water wastewater stuff and then some park

690
01:05:39,600 --> 01:05:43,120
 system improvements which you can see is over time total

691
01:05:43,120 --> 01:05:48,560
 spent up to date is about 84 which is a good thing about seven percent

692
01:05:48,560 --> 01:05:52,000
 encumbered and about eight percent remaining in that

693
01:05:52,000 --> 01:05:56,000
 so just over 12 million dollars remaining for that program

694
01:05:56,000 --> 01:06:00,720
 the bulk of that surprise and street improvements

695
01:06:00,720 --> 01:06:04,960
 so as you can tell as you drive around town there's a lot of

696
01:06:04,960 --> 01:06:09,680
 street projects that are going on right now which is great

697
01:06:09,680 --> 01:06:13,040
 yes yeah so there's a lot of really good work going on

698
01:06:13,040 --> 01:06:16,320
 that's really a testament to becky and her team

699
01:06:16,320 --> 01:06:20,880
 in the streets department getting that stuff going out

700
01:06:20,880 --> 01:06:24,000
 another project that uh have been completed

701
01:06:24,000 --> 01:06:27,920
 fire station number four if you look we have taken a good investment in

702
01:06:27,920 --> 01:06:30,240
 replacing some of the older infrastructure

703
01:06:30,240 --> 01:06:34,880
 one of those being some of our fire stations the waterworks wave pool

704
01:06:34,880 --> 01:06:38,320
 we added a burn tower and training facility which is one of the best

705
01:06:38,320 --> 01:06:42,800
 training facilities in north texas for fire departments other fire

706
01:06:42,800 --> 01:06:46,480
 departments around north texas is coming over to use that facility

707
01:06:46,480 --> 01:06:50,640
 so that's great to see and then you see some drainage

708
01:06:50,640 --> 01:06:53,840
 one of the things that we talked about earlier is the pack three and four you

709
01:06:53,840 --> 01:06:58,560
 see that there's a pack two on this one and then the villa soccer complex which

710
01:06:58,560 --> 01:07:01,760
 has had a lot of business very active

711
01:07:01,760 --> 01:07:05,440
 area over there again the various public art projects

712
01:07:05,440 --> 01:07:10,320
 the two over 290 roadway projects going on

713
01:07:10,320 --> 01:07:15,280
 and then gary pack and his team have acquired over 79 acres

714
01:07:15,280 --> 01:07:21,280
 of parkland as we said we still have about 113 segments

715
01:07:21,280 --> 01:07:24,960
 roadway segments left to do and then we have a great

716
01:07:24,960 --> 01:07:28,080
 new tennis center that should be coming online here

717
01:07:28,080 --> 01:07:31,360
 about august of this year

718
01:07:31,360 --> 01:07:37,120
 the 2019 bond program again had a lot of street improvements in it

719
01:07:37,120 --> 01:07:42,160
 had three police facilities had a new firing range a new substation

720
01:07:42,160 --> 01:07:45,840
 and then a complete renovation of the downtown headquarters

721
01:07:45,840 --> 01:07:50,160
 out of that project there is only nine thousand dollars left

722
01:07:50,160 --> 01:07:54,960
 in that yeah so there's a lot of work that's been going on with that the

723
01:07:54,960 --> 01:07:59,280
 substation and range are open for business and the renovation downtown

724
01:07:59,280 --> 01:08:03,920
 will hopefully be done by quarter three of this year and then again more land

725
01:08:03,920 --> 01:08:06,080
 for parks because we're not going to make more land

726
01:08:06,080 --> 01:08:08,960
 and as we go through our master plan for the city

727
01:08:08,960 --> 01:08:12,160
 and then our parts master plan and how all those things tie together

728
01:08:12,160 --> 01:08:15,360
 with the downtown master plan really forward thinking

729
01:08:15,360 --> 01:08:18,960
 and getting the land now so we can as those plans come together

730
01:08:18,960 --> 01:08:22,640
 we can go out and start building and bring those online

731
01:08:22,640 --> 01:08:26,960
 so there's about 40 percent of that bond packet still remaining

732
01:08:26,960 --> 01:08:31,280
 and again the bulk of it in streets because those are the most

733
01:08:31,280 --> 01:08:35,120
 expensive and they're probably the slowest to roll out because

734
01:08:35,120 --> 01:08:38,000
 as you're doing those you can only do them in segments you can't really take

735
01:08:38,000 --> 01:08:43,280
 up too much at one time right and then as i talked about the

736
01:08:43,280 --> 01:08:47,920
 completed projects the substation or firing range 14 roadway projects

737
01:08:47,920 --> 01:08:53,200
 and then 77 acres of parkland then outstanding as i said the downtown

738
01:08:53,200 --> 01:08:57,760
 police headquarters should be coming on uh bonnie bray

739
01:08:57,760 --> 01:09:02,800
 phase six there's been a lot of work on bonnie bray as you guys can probably tell

740
01:09:02,800 --> 01:09:06,160
 driving around just a fantastic project as that gets out

741
01:09:06,160 --> 01:09:11,760
 towards phase seven coming up next then hickory creek road

742
01:09:11,760 --> 01:09:15,600
 has been a huge project hopefully that'll be a completion of

743
01:09:15,600 --> 01:09:20,960
 quarter four in 2024 and then ryan road will

744
01:09:20,960 --> 01:09:26,640
 begin soon after that hickory creek is finished

745
01:09:26,640 --> 01:09:30,960
 and that's it pretty short and sweet so take some time at your table

746
01:09:30,960 --> 01:09:34,320
 eight to ten minutes have some thoughtful conversations and come up with

747
01:09:34,320 --> 01:09:38,160
 your questions go ahead and get started

748
01:10:04,320 --> 01:10:07,160
 [inaudible]

749
01:10:34,560 --> 01:10:38,160
 there are some segments

750
01:11:05,160 --> 01:11:08,160
 [inaudible]

751
01:11:34,320 --> 01:11:37,320
 [inaudible]

752
01:12:04,320 --> 01:12:07,320
 let's go pick up the family desk

753
01:12:07,320 --> 01:12:10,320
 [inaudible]

754
01:12:34,320 --> 01:12:37,320
 [inaudible]

755
01:13:05,320 --> 01:13:08,320
 [inaudible]

756
01:13:08,320 --> 01:13:11,320
 [inaudible]

757
01:13:11,320 --> 01:13:14,320
 [inaudible]

758
01:13:14,320 --> 01:13:17,320
 [inaudible]

759
01:13:17,320 --> 01:13:20,320
 [inaudible]

760
01:13:20,320 --> 01:13:23,320
 [inaudible]

761
01:13:23,320 --> 01:13:47,320
 [inaudible]

762
01:13:47,320 --> 01:13:50,320
 [inaudible]

763
01:13:50,320 --> 01:13:53,320
 [inaudible]

764
01:13:53,320 --> 01:13:56,320
 [inaudible]

765
01:13:56,320 --> 01:13:59,320
 [inaudible]

766
01:13:59,320 --> 01:14:02,320
 [inaudible]

767
01:14:02,320 --> 01:14:05,320
 [inaudible]

768
01:14:05,320 --> 01:14:08,320
 [inaudible]

769
01:14:08,320 --> 01:14:22,320
 [inaudible]

770
01:14:22,320 --> 01:14:25,320
 [inaudible]

771
01:14:25,320 --> 01:14:28,320
 [inaudible]

772
01:14:28,320 --> 01:14:31,320
 [inaudible]

773
01:14:31,320 --> 01:14:34,320
 [inaudible]

774
01:14:34,320 --> 01:14:37,320
 [inaudible]

775
01:14:37,320 --> 01:15:04,320
 [inaudible]

776
01:15:04,320 --> 01:15:07,320
 [inaudible]

777
01:15:07,320 --> 01:15:10,320
 [inaudible]

778
01:15:10,320 --> 01:15:38,320
 [inaudible]

779
01:15:38,320 --> 01:15:53,320
 [inaudible]

780
01:15:53,320 --> 01:15:56,320
 [inaudible]

781
01:15:56,320 --> 01:15:59,320
 [inaudible]

782
01:15:59,320 --> 01:16:02,320
 [inaudible]

783
01:16:02,320 --> 01:16:05,320
 [inaudible]

784
01:16:05,320 --> 01:16:08,320
 [inaudible]

785
01:16:08,320 --> 01:16:35,320
 [inaudible]

786
01:16:35,320 --> 01:16:45,320
 [inaudible]

787
01:16:45,320 --> 01:17:13,320
 [inaudible]

788
01:17:13,320 --> 01:17:16,320
 [inaudible]

789
01:17:16,320 --> 01:17:19,320
 [inaudible]

790
01:17:19,320 --> 01:17:22,320
 [inaudible]

791
01:17:22,320 --> 01:17:25,320
 [inaudible]

792
01:17:25,320 --> 01:17:28,320
 [inaudible]

793
01:17:28,320 --> 01:17:33,320
 [inaudible]

794
01:17:33,320 --> 01:17:47,320
 [inaudible]

795
01:17:47,320 --> 01:17:50,320
 [inaudible]

796
01:17:50,320 --> 01:17:53,320
 [inaudible]

797
01:17:53,320 --> 01:17:56,320
 [inaudible]

798
01:17:56,320 --> 01:17:59,320
 [inaudible]

799
01:17:59,320 --> 01:18:02,320
 [inaudible]

800
01:18:02,320 --> 01:18:19,320
 [inaudible]

801
01:18:19,320 --> 01:18:33,320
 [inaudible]

802
01:18:33,320 --> 01:18:36,320
 [inaudible]

803
01:18:36,320 --> 01:18:39,320
 [inaudible]

804
01:18:39,320 --> 01:18:42,320
 [inaudible]

805
01:18:42,320 --> 01:18:45,320
 [inaudible]

806
01:18:45,320 --> 01:18:48,320
 [inaudible]

807
01:18:48,320 --> 01:18:51,320
 [inaudible]

808
01:18:51,320 --> 01:18:54,320
 [inaudible]

809
01:18:54,320 --> 01:19:21,320
 [inaudible]

810
01:19:21,320 --> 01:19:24,320
 [inaudible]

811
01:19:24,320 --> 01:19:27,320
 [inaudible]

812
01:19:27,320 --> 01:19:30,320
 [inaudible]

813
01:19:30,320 --> 01:19:57,320
 [inaudible]

814
01:19:57,320 --> 01:20:15,320
 [inaudible]

815
01:20:15,320 --> 01:20:18,320
 [inaudible]

816
01:20:18,320 --> 01:20:21,320
 [inaudible]

817
01:20:21,320 --> 01:20:24,320
 [inaudible]

818
01:20:24,320 --> 01:20:41,320
 [inaudible]

819
01:20:41,320 --> 01:20:54,320
 [inaudible]

820
01:20:54,320 --> 01:20:57,320
 [inaudible]

821
01:20:57,320 --> 01:21:00,320
 [inaudible]

822
01:21:00,320 --> 01:21:03,320
 [inaudible]

823
01:21:03,320 --> 01:21:06,320
 [inaudible]

824
01:21:06,320 --> 01:21:09,320
 [inaudible]

825
01:21:09,320 --> 01:21:12,320
 [inaudible]

826
01:21:12,320 --> 01:21:15,320
 [inaudible]

827
01:21:15,320 --> 01:21:18,320
 [inaudible]

828
01:21:18,320 --> 01:21:21,320
 [inaudible]

829
01:21:21,320 --> 01:21:24,320
 [inaudible]

830
01:21:24,320 --> 01:21:27,320
 [inaudible]

831
01:21:27,320 --> 01:21:40,320
 [inaudible]

832
01:21:40,320 --> 01:21:43,320
 [inaudible]

833
01:21:43,320 --> 01:21:46,320
 [inaudible]

834
01:21:46,320 --> 01:21:49,320
 [inaudible]

835
01:21:49,320 --> 01:21:52,320
 [inaudible]

836
01:21:52,320 --> 01:21:55,320
 [inaudible]

837
01:21:55,320 --> 01:22:01,240
 and putting that on a website, but it's not just like information. It's a strategic dashboard so

838
01:22:01,240 --> 01:22:08,520
 you can go in there you can see actual real-time progress of what the key focus areas are for the

839
01:22:08,520 --> 01:22:14,360
 city. So I imagine that as we roll out this bond package we can talk about how we can leverage

840
01:22:14,360 --> 01:22:19,720
 that and leverage other technology to have those real-time updates on there. So if you know any

841
01:22:19,720 --> 01:22:24,520
 citizen can go on there and see what that looks like. At the end of our process, the final night,

842
01:22:24,520 --> 01:22:29,720
 we will do a SWOT analysis where we talk about the strengths, the weaknesses, the opportunities,

843
01:22:29,720 --> 01:22:35,240
 and the threats of this potential package. And that will give you an opportunity to give feedback

844
01:22:35,240 --> 01:22:43,160
 about messaging and things of that nature to how we reach all of the citizens. Okay, what would the

845
01:22:43,160 --> 01:22:50,280
 2014 bond package cost today if it were passed by the voters today? It would be over 200 million.

846
01:22:50,280 --> 01:22:54,840
 Yeah we looked at that and that would be over 200 million dollars now.

847
01:22:54,840 --> 01:23:03,720
 So our table had seen that there was a lot of remaining on the 2014 bond program and the

848
01:23:03,720 --> 01:23:11,160
 question is related to timing for these projects and is there a specific time limit on those that

849
01:23:11,160 --> 01:23:17,000
 are still outstanding and then how do we anticipate timing and future construction costs for this bond

850
01:23:17,000 --> 01:23:25,640
 program? I felt like that was more than one question. One long question. Okay okay. So the

851
01:23:25,640 --> 01:23:32,840
 2014 bond program, I know you probably saw the voter approval amount of 98.1 million, but the

852
01:23:32,840 --> 01:23:41,240
 total bond program was 144 million. We had to issue additional COs to complete the projects

853
01:23:41,240 --> 01:23:47,560
 because some of the projects came in higher than what we anticipated. And so that is one of the

854
01:23:47,560 --> 01:23:53,000
 reasons that you're seeing a lot of the total remaining is because we were actually just talking

855
01:23:53,000 --> 01:23:59,000
 about the parks projects. The remaining dollar amount are COs. We've already spent all of the

856
01:23:59,000 --> 01:24:06,680
 GO funded portion of the bonds but we still have some COs remaining. I think the other thing to

857
01:24:06,680 --> 01:24:16,040
 keep in mind for 2014, we did not do a great job of getting our crews rolling on the street projects

858
01:24:16,040 --> 01:24:24,600
 in a timely manner. And so with the 2019 bond program, we've taken a completely different

859
01:24:24,600 --> 01:24:31,160
 approach. We have looked at complete neighborhoods so that we are coming in one time, we're mobilizing

860
01:24:31,160 --> 01:24:39,000
 our crews, we are contracting out as much as we possibly can, and we're doing the water,

861
01:24:39,000 --> 01:24:45,480
 wastewater, drainage, roadway, all at one time. We did not do that in the 2014 bond program,

862
01:24:45,480 --> 01:24:50,200
 and so that's why you're still seeing some of the remaining amounts in the street improvements

863
01:24:50,200 --> 01:24:57,960
 proposition. Okay thanks. The question is, is it important for us to know what was cut from the

864
01:24:57,960 --> 01:25:03,240
 previous bond packages and are some of those items on future agendas or do they have to be

865
01:25:03,240 --> 01:25:05,400
 voted back on in a setting like this?

866
01:25:05,400 --> 01:25:16,520
 The only thing that I know from 2019 that didn't get approved, and some of you may know because

867
01:25:16,520 --> 01:25:23,080
 you were on the committee then, was the public art. I believe that was proposed in 2019 but not

868
01:25:23,080 --> 01:25:31,000
 approved when it went to voters. But as far as I know, the 2014 bond program did include some

869
01:25:31,000 --> 01:25:37,480
 quiet zones. We were not able to do those because of the lack of funding and so the bond oversight

870
01:25:37,480 --> 01:25:43,560
 committee requested that we include the quiet zone projects in this bond program that you're reviewing

871
01:25:43,560 --> 01:25:52,840
 now. What are the different bond packages and the categories of them and how will we

872
01:25:52,840 --> 01:25:59,560
 prioritize those? How will they be prioritized? You mean propositions or packets? The propositions.

873
01:25:59,560 --> 01:26:15,880
 So this room, your job is to put a package together. Now in the state of Texas there are different laws

874
01:26:15,880 --> 01:26:21,880
 that exist for cities and for school districts of how they have to put projects on a ballot.

875
01:26:21,880 --> 01:26:28,760
 They have to be in certain propositions. Now that is not our focus because we wouldn't know

876
01:26:28,760 --> 01:26:34,520
 what the propositions are at this point since you haven't put a package together yet. Once the package

877
01:26:34,520 --> 01:26:41,000
 is decided and presented to city council and they decide to call a bond, they will meet with their

878
01:26:41,000 --> 01:26:46,280
 bond council or bond attorneys, however you want to term it, and city council will work with these

879
01:26:46,280 --> 01:26:53,560
 experts who do that all over the state to decide what has to be propositioned out and how it has

880
01:26:53,560 --> 01:26:59,160
 to look on the ballot. So at this time we can't answer that because we don't know what you're going

881
01:26:59,160 --> 01:27:05,960
 to put in the package yet but as time increases and we get closer to that things will probably

882
01:27:05,960 --> 01:27:11,480
 come to light more and we'll probably have a better understanding but it will not be official

883
01:27:11,480 --> 01:27:16,520
 until bond council and the city council work on that together. But that's a great question and we

884
01:27:16,520 --> 01:27:21,240
 anticipated it. Once again the GT table is coming out and y'all over there. That's good. I like it.

885
01:27:21,240 --> 01:27:30,920
 Okay great. Make sure that your table facilitator has your unanswered questions and those will be

886
01:27:30,920 --> 01:27:37,080
 passed to me before the end of the night so we can ensure that they get on your summary email. So

887
01:27:37,640 --> 01:27:42,520
 this is a gift because I'm going to tell you you're not going to leave this room early again okay.

888
01:27:42,520 --> 01:27:49,560
 The good thing is the first meeting we try to keep it light and not very heavy because this is a new

889
01:27:49,560 --> 01:27:54,040
 environment. We want you to get used to it and understand the process and how we do things in

890
01:27:54,040 --> 01:28:00,200
 here but before we close I have a couple of things that we want to get through. One is we've put

891
01:28:00,200 --> 01:28:05,560
 together this montage of pictures up here of different areas of the city. We've got some young

892
01:28:05,560 --> 01:28:13,000
 citizens, some four-legged citizens, some people enjoying our parks and libraries and our trails

893
01:28:13,000 --> 01:28:19,480
 and the point of this slide is this. This building or this room we're in has four walls right.

894
01:28:19,480 --> 01:28:26,920
 Outside of this room there's a lot of people that live in the city of Denton and they may not know

895
01:28:26,920 --> 01:28:32,600
 what's happening in this room right and sometimes when people don't know what's happening in a room

896
01:28:32,600 --> 01:28:38,440
 they make up a false narrative of what they think is happening in that room. This is everywhere. I

897
01:28:38,440 --> 01:28:44,440
 find this in everywhere I go. So how do we combat that? We have to go outside of this room and tell

898
01:28:44,440 --> 01:28:50,360
 people what we're doing in here and that is definitely a charge I'm giving to you because

899
01:28:50,360 --> 01:28:56,920
 the first thing they're going to say is well they're in there raising my taxes right because

900
01:28:56,920 --> 01:29:02,200
 that's where people always go when you start talking about bonds and money and city finance.

901
01:29:02,200 --> 01:29:08,840
 So I encourage you to leave this room and go tell a few people that you know in your circles maybe

902
01:29:08,840 --> 01:29:16,040
 it's your neighbors maybe it's where you go to church maybe it's in your rotary club or wherever

903
01:29:16,040 --> 01:29:20,600
 it is go and tell some people what you learned tonight and some things that you didn't know

904
01:29:20,600 --> 01:29:25,560
 before you walked in this room and I tell you to do that because I think that's a good way to get

905
01:29:25,560 --> 01:29:32,440
 feedback from people that aren't in this room. You are representing a cross-section of the city

906
01:29:32,440 --> 01:29:37,640
 of Denton as a member of this committee. You were asked to be a member of this committee specifically

907
01:29:37,640 --> 01:29:43,720
 for a variety of reasons so I need you to go out and talk to other people and get their feedback

908
01:29:43,720 --> 01:29:48,280
 because when you sit at these tables and discuss it's going to be very powerful for you to bring

909
01:29:48,280 --> 01:29:53,800
 those voices into the room with you. So at the end of each meeting I'd just like to know what

910
01:29:53,800 --> 01:29:59,880
 you liked about tonight. Just popcorn it out. Anything you liked about tonight's meeting that

911
01:29:59,880 --> 01:30:08,040
 we did well? The dinner. The dinner. Diabruzzo, right? Oh so good. I love it. Anything else?

912
01:30:08,040 --> 01:30:13,720
 Yes ma'am. I like the format. I like that you take each section and then we discuss it and then

913
01:30:13,720 --> 01:30:20,680
 share what I just I like all of that. Great. Thank you so much. Yes ma'am. What's the knowledge we

914
01:30:20,680 --> 01:30:27,720
 all bring in? Yes. From all different perspectives. Different perspectives. So true. Anything else?

915
01:30:27,720 --> 01:30:32,280
 A lot of good people in this room. Yeah I got you Kevin. You're right. That's so true. There's a lot

916
01:30:32,280 --> 01:30:36,840
 of people that have been in Denton for quite a while and then there's some new faces in the room

917
01:30:36,840 --> 01:30:42,600
 and I think that's very important because it shows that we are a growing community and we have a good

918
01:30:42,600 --> 01:30:48,360
 bedrock foundation here but we also have new people that have come in that are pushing the

919
01:30:48,360 --> 01:30:54,280
 change that we're all experiencing in this city. Absolutely. Is there anything that we can do better

920
01:30:54,280 --> 01:31:01,960
 next time that you did not experience? Notice I did not say what didn't you like. Okay? Wishes. Yes ma'am.

921
01:31:01,960 --> 01:31:09,640
 Is it possible on the timing that rather than just one question per table have two? Quite possibly. Yes

922
01:31:09,640 --> 01:31:14,680
 ma'am. Depending on how many presentations we have in the next meeting. Absolutely. We will work on

923
01:31:14,680 --> 01:31:20,360
 that. Yes ma'am. I would like maybe during the dinner portion to have an opportunity to have an

924
01:31:20,360 --> 01:31:24,600
 introduction with the other groups as well. I would like to know the people that are engaging

925
01:31:24,600 --> 01:31:29,720
 with the other groups. Okay. Good feedback. Thank you. And just so you know when we get to meeting

926
01:31:29,720 --> 01:31:35,480
 five and you build your package at your table you're actually going to get to go and interact

927
01:31:35,480 --> 01:31:42,120
 with other tables after your table is finished. So you'll get to share your table's work that night.

928
01:31:42,120 --> 01:31:47,480
 Yes. I'd like to have like an undirected question time because asking questions on the material is

929
01:31:47,480 --> 01:31:54,280
 great but if there's material that we'd like to see. Yes and so email me if those questions come

930
01:31:54,280 --> 01:31:59,240
 up and then we also have the website that you can put questions on. Tell us what it is again Ryan.

931
01:31:59,240 --> 01:32:05,000
 Discussdenton.com. Discussdenton.com and you can put anything there as well and then we can make

932
01:32:05,000 --> 01:32:12,280
 sure everybody gets it. Okay. Awesome. And notice the snacks. I'm noticing y'all didn't eat a lot of

933
01:32:12,280 --> 01:32:17,960
 snacks tonight but the snacks will be there every time. Okay. Yes. Get your chocolate. It's important.

934
01:32:17,960 --> 01:32:24,920
 All right. So as we close out tonight we do we are going to gather again next week. Next Thursday

935
01:32:24,920 --> 01:32:31,080
 night. Not it will not be on Tuesday. It will be on Thursday. Same time. Five thirty dinner. Six to

936
01:32:31,080 --> 01:32:37,880
 eight meeting. This room. Make sure you take your binder home and that you bring it back. Make sure

937
01:32:37,880 --> 01:32:43,880
 that if you have questions or concerns outside of here you contact me email phone and you can also

938
01:32:43,880 --> 01:32:49,720
 use that website for questions. Leave your name plate. We don't need to take those and other than

939
01:32:49,720 --> 01:32:53,960
 that I hope you have a wonderful and safe trip home tonight. Thank you again so much and we'll

940
01:32:53,960 --> 01:32:56,460
 and we'll see you next week.

941
01:32:56,460 --> 01:32:57,960
 - Thank you all, have a good night.