WEBVTT

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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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 [inaudible]

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 [inaudible]

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 [inaudible]

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 [inaudible]

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 [inaudible]

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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

00:22:04.880 --> 00:22:08.320
 taking system for you and it helps you as the

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 presenters present to write notes to write questions to

00:22:11.520 --> 00:22:14.320
 write thoughts and then as we go through the process

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 you'll understand why that's so important

00:22:16.880 --> 00:22:20.080
 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

00:22:54.160 --> 00:22:58.480
 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

00:23:05.360 --> 00:23:09.280
 your meet attendance here is the most important thing you being here is very

00:23:09.280 --> 00:23:12.800
 important because if you miss too many meetings

00:23:12.800 --> 00:23:16.480
 you miss the information and at the end of this there's going to be some big

00:23:16.480 --> 00:23:21.440
 decisions being made and so if you do miss and you you just

00:23:21.440 --> 00:23:24.640
 can't be here and I get it you got kids kids that are sick

00:23:24.640 --> 00:23:27.920
 work that calls or family that needs you I get it

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 I will always be here at five o'clock before every meeting

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

00:23:36.400 --> 00:23:39.520
 prior meeting I am happy to do that with you

00:23:39.520 --> 00:23:45.280
 we will also have a place online uh Ryan where what's that website

00:23:45.280 --> 00:23:51.680
 discussdenton.com discussdenton.com and that's where other people can ask

00:23:51.680 --> 00:23:54.800
 questions and where materials will be housed from

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 this committee now as you know Kevin read the formal

00:23:59.040 --> 00:24:01.120
 statement at the beginning that's because

00:24:01.120 --> 00:24:04.560
 it's likely that we may have some city council members attend some of these

00:24:04.560 --> 00:24:08.000
 meetings and we may have a quorum at one point so we have to have

00:24:08.000 --> 00:24:14.320
 that protocol if we have any public citizens attend they will have a seat

00:24:14.320 --> 00:24:18.080
 in the back and they are they can ask questions

00:24:18.080 --> 00:24:22.320
 through that portal through that website but they will not be asking questions

00:24:22.320 --> 00:24:27.520
 when you all have the opportunity to to do so so this committee the questions

00:24:27.520 --> 00:24:30.960
 the table talk the process all happens in this room and then if we

00:24:30.960 --> 00:24:35.040
 have any public citizens they'll be in the back and they can do that online

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

00:24:40.000 --> 00:24:43.360
 than four rules right because after four forget it okay

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

00:24:48.080 --> 00:24:52.400
 respect for the person who's speaking and that was the rule number two see

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

00:24:56.880 --> 00:25:00.880
 desire not just to contribute but also to learn

00:25:00.880 --> 00:25:04.400
 I think it's very important even if you've been through this process before

00:25:04.400 --> 00:25:07.600
 if you've been in meetings like this where this kind of information has been

00:25:07.600 --> 00:25:10.320
 discussed please come in here with a beginner's

00:25:10.320 --> 00:25:14.880
 mindset because you are going to learn some new things it's all very updated

00:25:14.880 --> 00:25:19.440
 information and engage in this entire meeting now

00:25:19.440 --> 00:25:22.560
 these phones that we have they're awesome okay

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

00:25:27.120 --> 00:25:30.400
 sure she's already texting me about some frivolous thing that she wants me to

00:25:30.400 --> 00:25:34.160
 attend to we have families we have work we have

00:25:34.160 --> 00:25:37.840
 lives outside of this room if you can be here with me as much as

00:25:37.840 --> 00:25:41.280
 possible be here but if you need to be on your phone to take a call

00:25:41.280 --> 00:25:44.560
 or shoot a text or you know check an email that's fine

00:25:44.560 --> 00:25:47.760
 I will never tell you to turn your phones off because that is an important

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

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

00:25:55.920 --> 00:26:00.560
 will be presented and one of the last norms that we use in

00:26:00.560 --> 00:26:04.320
 this room as you noted we started right on time and we will

00:26:04.320 --> 00:26:08.080
 start on time every time we're in this room 6 p.m

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

00:26:12.480 --> 00:26:16.000
 and there's some people in this room who've been in meetings with me before

00:26:16.000 --> 00:26:19.280
 who know that happens so when eight o'clock rolls around we

00:26:19.280 --> 00:26:23.040
 may be finished before then but at eight o'clock we will be walking to

00:26:23.040 --> 00:26:28.000
 our cars I can promise you that but the way we do that is

00:26:28.000 --> 00:26:32.000
 we don't have open forum questions because

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

00:26:36.000 --> 00:26:38.880
 what I'm talking about because you sat in meetings like that

00:26:38.880 --> 00:26:44.880
 so the way we do table talk and Q&A is this a presenter will present

00:26:44.880 --> 00:26:47.920
 just like tonight Cassie Ogden will present first

00:26:47.920 --> 00:26:52.640
 when she finishes she will never say are there any questions

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

00:26:56.240 --> 00:27:01.440
 about 10 minutes to talk at our table about what the presentation included and

00:27:01.440 --> 00:27:05.440
 that's an important thing because what I hear Kevin may have

00:27:05.440 --> 00:27:09.360
 heard something a little different and so we want to be able to help each other

00:27:09.360 --> 00:27:12.960
 go through the presentation and talk about the important facts

00:27:12.960 --> 00:27:17.440
 each table will come up with one important question

00:27:17.440 --> 00:27:21.360
 per presentation so we got six tables we're going to have six questions

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

00:27:26.640 --> 00:27:30.240
 never got attended to you will write it on a sheet of paper

00:27:30.240 --> 00:27:33.760
 there's some paper we've got post-it notes whatever works for you

00:27:33.760 --> 00:27:37.120
 hand it to your table facilitator tomorrow

00:27:37.120 --> 00:27:40.720
 you will be getting a summary email you'll get a summary email from me after

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

00:27:43.600 --> 00:27:48.080
 email correct or something is arise so make sure you check with me

00:27:48.080 --> 00:27:51.600
 you'll get an email tomorrow that has you know just a

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

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

00:27:58.560 --> 00:28:00.720
 questions that didn't get answered in this room

00:28:00.720 --> 00:28:05.600
 and they will have answers to them and so after every meeting we will have that

00:28:05.600 --> 00:28:10.240
 and you'll be given that information and I'm telling you this because during

00:28:10.240 --> 00:28:13.040
 a presenter while a presenter is up giving their

00:28:13.040 --> 00:28:16.240
 presentation we don't stop them we let them get through their

00:28:16.240 --> 00:28:21.920
 presentation one just out of respect two I've presented enough to know if I

00:28:21.920 --> 00:28:25.360
 get interrupted it throws me off and I lose my train of

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

00:28:29.280 --> 00:28:33.280
 presentations tonight we will let them go through the presentation

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

00:28:35.520 --> 00:28:38.640
 notes you're going to write your questions write your thoughts down

00:28:38.640 --> 00:28:41.840
 and then when we have our table talk we'll come up with our question

00:28:41.840 --> 00:28:45.120
 and anything lingering will be given to me at the end of the meeting

00:28:45.120 --> 00:28:50.560
 okay awesome so in your book you also have your agenda for all of the

00:28:50.560 --> 00:28:53.200
 meetings we we got a lot to do in a short amount

00:28:53.200 --> 00:28:55.360
 of time but we're going to get through all of this

00:28:55.360 --> 00:29:00.480
 tonight like I said is city finance 101 and a review of projects since the prior

00:29:00.480 --> 00:29:04.400
 bond the next few meetings are a lot about

00:29:04.400 --> 00:29:08.000
 facility assessments so the next one we're going to get a brief demographic

00:29:08.000 --> 00:29:11.120
 report of the city and what the growth looks like and the

00:29:11.120 --> 00:29:15.040
 citizens and all of those numbers and then we'll start in our facility

00:29:15.040 --> 00:29:18.000
 assessments we'll do that also at meeting three

00:29:18.000 --> 00:29:20.960
 and then we are going to go on a saturday morning

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

00:29:25.360 --> 00:29:28.800
 now many of you have probably been in these facilities

00:29:28.800 --> 00:29:33.040
 at some point in your life but I really encourage you to be here on that

00:29:33.040 --> 00:29:37.440
 saturday it is very eye opening to see

00:29:37.440 --> 00:29:41.120
 certain things in these buildings that you may not see as a citizen who just

00:29:41.120 --> 00:29:44.480
 walks in to use a facility so please make sure

00:29:44.480 --> 00:29:48.960
 you have that on your calendar cassie remind me june 10th june 10th

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

00:29:53.520 --> 00:29:58.320
 and go do all of this and go um see all these facilities and meeting four

00:29:58.320 --> 00:30:01.680
 is more of continued facility assessments we're going to have a

00:30:01.680 --> 00:30:05.280
 worksheet that night that's going to have all the projects on it

00:30:05.280 --> 00:30:09.040
 and the cost okay now this is where I give my lizzie

00:30:09.040 --> 00:30:13.920
 speech across our nation construction costs are high

00:30:13.920 --> 00:30:17.680
 that is just the bottom line it's everywhere you go

00:30:17.680 --> 00:30:22.160
 it's not just unique to our area not just unique to texas

00:30:22.160 --> 00:30:26.720
 but we are in a time where construction is different than it used to be

00:30:26.720 --> 00:30:30.480
 labor shortages supply chains just you name it

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

00:30:34.320 --> 00:30:38.320
 are putting bonds together and so you will get those costs that

00:30:38.320 --> 00:30:41.520
 night but i need you to put yourself in a frame of mind

00:30:41.520 --> 00:30:45.440
 that these buildings are buildings where a door may be opened

00:30:45.440 --> 00:30:51.840
 400 times a day or a toilet may be flushed 100 to 200 times a day

00:30:51.840 --> 00:30:55.200
 and so it's very different from your home where

00:30:55.200 --> 00:30:58.480
 maybe five to eight people live and are using

00:30:58.480 --> 00:31:02.720
 that that place it's just different so i need you to start thinking in those

00:31:02.720 --> 00:31:06.400
 terms as we start moving on to these projects

00:31:06.400 --> 00:31:09.920
 so at meeting four you will be given a worksheet

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

00:31:12.880 --> 00:31:17.440
 put your first bond together by yourself at home and you're

00:31:17.440 --> 00:31:21.040
 going to think about all of the presentations you've heard

00:31:21.040 --> 00:31:24.480
 all of the things about finance and growth and about the facility

00:31:24.480 --> 00:31:28.000
 assessments and you're going to bring that worksheet back to meeting five it's

00:31:28.000 --> 00:31:31.920
 kind of like your homework okay and meeting five our financial

00:31:31.920 --> 00:31:36.320
 advisor is going to present the tax implications for the citizens

00:31:36.320 --> 00:31:40.160
 of a certain amount of bonds so they're going to show different levels what that

00:31:40.160 --> 00:31:44.480
 means to the tax rate things of that nature because as you know

00:31:44.480 --> 00:31:47.440
 all of you are going to put this together but you're not the only ones

00:31:47.440 --> 00:31:51.200
 who are going to go vote right and so we have to think about what

00:31:51.200 --> 00:31:54.800
 the people outside of this room and what they will accept and what they will go

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

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

00:32:03.600 --> 00:32:06.640
 together at our table that's the second time you've put a bond

00:32:06.640 --> 00:32:10.240
 together you see where i'm going with this and the third night or the sixth

00:32:10.240 --> 00:32:14.640
 night you will come back meeting six and we will put a bond package together in

00:32:14.640 --> 00:32:19.600
 this room as a whole unit and so not just one time not just twice

00:32:19.600 --> 00:32:24.080
 but three times you get to think about what you would put in this package

00:32:24.080 --> 00:32:27.680
 that will be presented to city council and then ultimately presented to the

00:32:27.680 --> 00:32:32.320
 voters of denton it's a system it's a process it works really well

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

00:32:37.200 --> 00:32:39.200
 you and if you want to sidebar and talk

00:32:39.200 --> 00:32:42.720
 about our successes in the state of texas i'd be more than happy to share

00:32:42.720 --> 00:32:46.800
 that with you because it does work and it gets to the heart of the matter

00:32:46.800 --> 00:32:51.520
 and we all get a place at the table when we start putting this package together

00:32:51.520 --> 00:32:54.960
 and so a lot of us in our daily lives we work in

00:32:54.960 --> 00:33:00.480
 silos um that's just that's just normal that's the way work is sometimes

00:33:00.480 --> 00:33:04.800
 but in this room we have to work together and we have to come together

00:33:04.800 --> 00:33:09.520
 and find gradients of agreement and so you'll look at this chart you have this

00:33:09.520 --> 00:33:14.000
 in your slides too i use this when explaining to people that

00:33:14.000 --> 00:33:17.440
 just because they don't like something doesn't mean they have to block it

00:33:17.440 --> 00:33:21.200
 immediately right it's a give and take situation

00:33:21.200 --> 00:33:24.240
 there is going to be collaboration in this room

00:33:24.240 --> 00:33:27.840
 and i will say this once and i will say it over and over again

00:33:27.840 --> 00:33:31.920
 not everybody in this room is going to get everything they want

00:33:31.920 --> 00:33:35.520
 but everybody in this room is going to get something they want

00:33:35.520 --> 00:33:38.960
 and that has got to be our philosophy as we move forward

00:33:38.960 --> 00:33:43.280
 understanding that we are working together and not in silos

00:33:43.280 --> 00:33:48.240
 now when you do group decision making anytime a new topic is introduced we all

00:33:48.240 --> 00:33:51.280
 pick a side that's human nature right i'm going to

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

00:33:54.400 --> 00:33:57.840
 and we diverge and we decide where we land

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

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

00:34:06.400 --> 00:34:09.760
 comfortable with each other and open and honest there's some people

00:34:09.760 --> 00:34:12.000
 in this room i don't think you'll have that problem okay

00:34:12.000 --> 00:34:16.000
 and that's good i like that right i that's what i want

00:34:16.000 --> 00:34:20.000
 i never want to leave the committee and have anybody tell me

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

00:34:23.920 --> 00:34:27.440
 so there's going to be discussions there's going to be contentious times

00:34:27.440 --> 00:34:30.640
 there's going to be times when you look across the table and basically tell your

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

00:34:34.320 --> 00:34:37.440
 other way but eventually we have to converge to a

00:34:37.440 --> 00:34:40.240
 decision and that's when we will leave this room

00:34:40.240 --> 00:34:43.040
 that last night and have a decision made for

00:34:43.040 --> 00:34:47.520
 a presentation to the city council notice the one thing

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

00:34:52.080 --> 00:34:55.440
 that's time and that's why every time you come in this

00:34:55.440 --> 00:34:58.640
 room we are going to have a very prescriptive agenda

00:34:58.640 --> 00:35:02.880
 that's timed and we have a purpose and we move forward

00:35:02.880 --> 00:35:06.320
 that's because we have a lot to get through

00:35:06.320 --> 00:35:10.560
 all right and then as you walked into this room tonight you walked in alone

00:35:10.560 --> 00:35:14.400
 maybe you found an elbow partner someone you know someone you met

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

00:35:18.080 --> 00:35:21.120
 how we are going to flow into the consensus model

00:35:21.120 --> 00:35:28.080
 as we move forward in this work okay so at this time i am going to

00:35:28.080 --> 00:35:34.320
 invite cassie up and i believe ryan is going to come up and change out our

00:35:34.320 --> 00:35:39.120
 slides i want to remind you that in your book

00:35:39.120 --> 00:35:43.360
 in your book is the slides for the presentation we are moving into city

00:35:43.360 --> 00:35:48.320
 finance 101 so if you want to find that in your slides finance 101 is

00:35:48.320 --> 00:35:52.160
 the title of it and as a reminder we are not going to

00:35:52.160 --> 00:35:55.200
 stop our presenter we are going to let her get through the

00:35:55.200 --> 00:35:58.880
 entire presentation and we are going to write our questions

00:35:58.880 --> 00:36:01.920
 and our comments down and then we're going to have that time to have that

00:36:01.920 --> 00:36:05.760
 discussion at our table so at this time i'd like to turn it over

00:36:05.760 --> 00:36:09.360
 to one of your assistant city managers

00:36:09.360 --> 00:36:13.920
 good evening and hello i'm cassie ogden i'm an assistant city manager for the

00:36:13.920 --> 00:36:18.400
 city of denton also cfo for the city

00:36:18.400 --> 00:36:22.880
 oh i'm sorry kevin you have to call the item okay

00:36:22.880 --> 00:36:27.920
 next we're moving on to agenda item b cbac 23.003

00:36:27.920 --> 00:36:30.880
 receiver report and hold a discussion regarding the scope insurance is the

00:36:30.880 --> 00:36:34.080
 right one scope in charge of the special citizens bond

00:36:34.080 --> 00:36:38.800
 advisory committee as prescribed by the city of denton ordinance 23-71

00:36:38.800 --> 00:36:43.760
 including processes and goals of the committee

00:36:43.760 --> 00:36:48.400
 and we're going to also call cbac 23-004

00:36:48.400 --> 00:36:52.960
 receiver report and hold a discussion regarding an overview of city finances

00:36:52.960 --> 00:36:57.840
 related to the tax rate assessed values and on ratings

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

00:37:04.320 --> 00:37:09.760
 city of denton so ryan a few are you going next slide

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

00:37:16.240 --> 00:37:20.400
 different components so one is that we call it the mno rate

00:37:20.400 --> 00:37:25.280
 it's the maintenance and operations rate this is the part of the tax rate that

00:37:25.280 --> 00:37:31.200
 funds our general fund operations so that is the fire

00:37:31.200 --> 00:37:38.080
 police parks library staff that you see this is mostly made up of personnel

00:37:38.080 --> 00:37:42.080
 costs so for fy23 budget

00:37:42.080 --> 00:37:45.760
 personnel is 62 percent of our general fund budget so

00:37:45.760 --> 00:37:48.640
 it's people that you are you're paying for for

00:37:48.640 --> 00:37:54.720
 that mno rate on your tax rate it also includes all of the operating

00:37:54.720 --> 00:38:00.240
 costs within the general fund so insurance some of our contracted

00:38:00.240 --> 00:38:06.160
 services training utilities supplies maintenance materials those

00:38:06.160 --> 00:38:10.160
 types of things as well as internal service costs

00:38:10.160 --> 00:38:17.040
 so this is general fund pays a portion of our internal funds so

00:38:17.040 --> 00:38:21.120
 fleet we have a fleet fund technology services fund

00:38:21.120 --> 00:38:25.760
 facilities fund procurement and then customer service as well

00:38:25.760 --> 00:38:31.440
 so those those costs are part of the mno rates

00:38:31.440 --> 00:38:35.280
 the second component of the tax rate is the interest in sinking rate

00:38:35.280 --> 00:38:39.520
 so the only thing that is paid from the ins rate

00:38:39.520 --> 00:38:44.720
 is the payment and interest on bonds sold for general government bonds

00:38:44.720 --> 00:38:48.320
 so this is general government meaning parks

00:38:48.320 --> 00:38:52.240
 facilities libraries things like that utilities

00:38:52.240 --> 00:38:58.320
 is separate they pay for their own bonds so they make their own bond payments

00:38:58.320 --> 00:39:03.680
 but those are the two components of the city's tax rate

00:39:03.680 --> 00:39:09.520
 so the the current tax rate is shown on the right hand of the slide

00:39:09.520 --> 00:39:14.000
 so 2023 we're currently a little over 56 cents for our

00:39:14.000 --> 00:39:17.680
 total tax rate so you can see the black is the

00:39:17.680 --> 00:39:25.040
 ins rate so what we are paying for debt and then the blue is the

00:39:25.040 --> 00:39:31.120
 operation so mno rate that's what pays or what goes to the general fund

00:39:31.120 --> 00:39:37.920
 operating expenses and so over the period from 2017 to now

00:39:37.920 --> 00:39:41.600
 we have the city's tax rate has decreased

00:39:41.600 --> 00:39:47.920
 a little over 12 cents so we have been overall total tax rate

00:39:47.920 --> 00:39:52.960
 decreasing most of that's come from the mno rate so the general fund operating

00:39:52.960 --> 00:39:57.040
 side because you can see the the ins rate has stayed

00:39:57.040 --> 00:40:00.560
 relatively flat over that that same time period

00:40:00.560 --> 00:40:05.600
 and this does include some of the increases for the 2019 bond program so

00:40:05.600 --> 00:40:09.920
 we did issue well we the voters authorized 220

00:40:09.920 --> 00:40:13.600
 million dollars in 2019 we still have two years left to

00:40:13.600 --> 00:40:17.440
 issue like that we have been able to keep that

00:40:17.440 --> 00:40:21.520
 tax rate relatively flat since 2019

00:40:21.520 --> 00:40:25.120
 including the the bonds

00:40:25.120 --> 00:40:31.360
 so the reason we've been able to do that is because the assessed values have

00:40:31.360 --> 00:40:35.920
 increased substantially over this time i'm sure everyone got their property

00:40:35.920 --> 00:40:42.560
 tax notice in the mail so the city's

00:40:42.560 --> 00:40:46.640
 obviously we've seen a huge increase last year 19 percent

00:40:46.640 --> 00:40:54.320
 increase in assessed values so 17.3 billion dollars

00:40:54.320 --> 00:40:58.720
 assessed values not what you pay but the value

00:40:58.720 --> 00:41:02.320
 but we have continued to see increases i think we will continue to see increases

00:41:02.320 --> 00:41:05.840
 in the future but you can see we have obviously

00:41:05.840 --> 00:41:10.080
 you can look around you see the growth see the property tax bill

00:41:10.080 --> 00:41:13.920
 things things are increasing

00:41:13.920 --> 00:41:20.400
 so i wanted to show you a comparison of just some surrounding cities we

00:41:20.400 --> 00:41:24.320
 we showed city council this during our budget discussions last year

00:41:24.320 --> 00:41:30.240
 i believe so our 2022 average taxable home value a little

00:41:30.240 --> 00:41:35.200
 over 300 000 so 307 673 000

00:41:35.200 --> 00:41:38.640
 and so you can see how our tax rate compares

00:41:38.640 --> 00:41:44.000
 to some other surrounding cities so we're kind of right in the middle

00:41:44.000 --> 00:41:47.840
 the table is sorted on the total tax rate

00:41:47.840 --> 00:41:51.760
 column so it goes from smallest to largest

00:41:51.760 --> 00:41:56.720
 dallas being the highest but the taxes due to the city are calculated

00:41:56.720 --> 00:42:02.000
 based on that average taxable home value so you can see the portion that goes to

00:42:02.000 --> 00:42:06.480
 the mno rate again the general fund operating budget and then the ins

00:42:06.480 --> 00:42:10.640
 rate which is the debt debt payments

00:42:10.640 --> 00:42:17.280
 and so i'm going to show you a quick video

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

00:42:21.360 --> 00:42:35.920
 that you pay

00:42:51.360 --> 00:43:07.920
 so

00:43:21.680 --> 00:43:23.920
 so

00:43:23.920 --> 00:43:39.040
 so thanks ryan um so again just to reiterate where your

00:43:39.040 --> 00:43:44.240
 tax money goes so mno rate that's the general fund operating budget

00:43:44.240 --> 00:43:47.680
 again just like the video discussed police

00:43:47.680 --> 00:43:52.800
 public safety dispatch fire and ems services parks and rec

00:43:52.800 --> 00:43:56.400
 staff library services and their programming

00:43:56.400 --> 00:44:00.320
 community improvement services animal services municipal court traffic

00:44:00.320 --> 00:44:06.000
 operations all of these departments and staff are paid out of

00:44:06.000 --> 00:44:11.040
 the general fund so out of that mno rate the

00:44:11.040 --> 00:44:17.600
 35 cents ins rate is just the payment on the principal and interest on our bonds

00:44:17.600 --> 00:44:20.560
 so our debt payment

00:44:20.560 --> 00:44:25.840
 and so because we do issue bonds just like

00:44:25.840 --> 00:44:29.600
 you receive you have a probably a personal credit rating the city has a

00:44:29.600 --> 00:44:32.400
 credit rating so i wanted to show you our credit

00:44:32.400 --> 00:44:35.760
 rating the city's current bond rating is

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

00:44:42.240 --> 00:44:46.800
 the scale so we are not prime grade but we are high grade

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

00:44:51.840 --> 00:44:54.720
 it reduces our interest rate that we receive on our bonds

00:44:54.720 --> 00:44:59.040
 so the higher the grade the lower your interest rate so

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

00:45:04.960 --> 00:45:09.200
 last credit report ratings report that they sent us

00:45:09.200 --> 00:45:15.120
 so we have tried to maintain strong financial reserves we we budget very

00:45:15.120 --> 00:45:20.400
 conservatively and we have tend to come in under budget

00:45:20.400 --> 00:45:24.320
 reserves are higher than what we usually anticipate so

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

00:45:28.640 --> 00:45:32.480
 that's one of my goals but with that i think that's

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

00:45:38.480 --> 00:45:42.400
 yeah so i'm going to give y'all about 10 minutes at your tables

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

00:45:47.360 --> 00:45:50.560
 talk about and ask but come up with those important

00:45:50.560 --> 00:45:53.920
 questions that you have and make sure your table selects the best one that you

00:45:53.920 --> 00:45:58.240
 want to ask as a group so go ahead and get started

00:46:12.400 --> 00:46:24.240
 is

00:46:24.240 --> 00:46:38.240
 how do you how do you make that how do we make that jump in

00:46:42.480 --> 00:46:46.240
 okay

00:47:12.640 --> 00:47:16.240
 you

00:47:42.400 --> 00:47:46.240
 my question

00:48:12.400 --> 00:48:16.240
 so

00:48:42.400 --> 00:48:46.240
 yeah

00:49:12.400 --> 00:49:16.240
 like

00:49:42.400 --> 00:49:46.240
 yeah

00:50:12.400 --> 00:50:16.240
 same

00:50:42.400 --> 00:50:46.240
 yeah

00:51:12.400 --> 00:51:16.240
 my

00:51:42.400 --> 00:51:46.240
 right

00:52:12.400 --> 00:52:16.240
 so

00:52:42.400 --> 00:52:46.240
 the first

00:53:12.400 --> 00:53:16.240
 one

00:53:42.400 --> 00:53:46.240
 yeah

00:54:12.400 --> 00:54:22.240
 so

00:54:22.240 --> 00:54:36.240
 so make sure you get your question decided thank you

00:54:42.400 --> 00:54:46.240
 i think you can then you can right now

00:55:12.800 --> 00:55:16.240
 right

00:55:43.280 --> 00:55:46.240
 is

00:56:12.400 --> 00:56:16.240
 so

00:56:42.400 --> 00:56:53.200
 i'm gonna bring us back to the large room

00:56:53.200 --> 00:56:57.440
 we've had about 11 minutes so good amount of time

00:56:57.440 --> 00:57:00.640
 we're gonna start here in the back and start with table five

00:57:00.640 --> 00:57:04.960
 and then i'm gonna hand the table facilitator the mic so everyone can hear

00:57:04.960 --> 00:57:07.840
 the question and cassie is going to stand in the front

00:57:07.840 --> 00:57:11.440
 with the other mic so she can answer so we're going to start back here

00:57:11.440 --> 00:57:14.640
 with table five

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

00:57:18.800 --> 00:57:22.640
 relate to other cities in the area

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

00:57:26.800 --> 00:57:30.240
 there maybe she can maybe she has a current debt is

00:57:30.240 --> 00:57:37.280
 approximately 1.3 billion dollars 1.3 billion dollars

00:57:37.280 --> 00:57:45.280
 um another 200 million in july yeah well that's actually

00:57:45.280 --> 00:57:49.520
 bond proceeds so we will we will receive another

00:57:49.520 --> 00:57:53.520
 200 million but most of that is utilities

00:57:53.520 --> 00:57:59.840
 right randy yes yes okay good question all right table six

00:57:59.840 --> 00:58:03.600
 okay our question is um what kind of flexibility do we have

00:58:03.600 --> 00:58:09.280
 um moving forward looking at fixed assets

00:58:09.280 --> 00:58:13.440
 looking at fixed assets flexibility as in

00:58:13.440 --> 00:58:17.200
 uh an asset 10 years from now uh say a building

00:58:17.200 --> 00:58:23.920
 10 years from now um will that be a remodeled building a repurposed

00:58:23.920 --> 00:58:29.200
 building um things of that nature

00:58:30.480 --> 00:58:34.960
 i'm gonna let christine taylor one of our other assistant city managers answer

00:58:34.960 --> 00:58:37.360
 that one

00:58:37.360 --> 00:58:43.040
 hello uh so your next week presentation we're gonna run through the condition

00:58:43.040 --> 00:58:45.920
 assessment that we do on all of our buildings so

00:58:45.920 --> 00:58:49.200
 what does that look like structurally but we definitely have that flexibility

00:58:49.200 --> 00:58:51.360
 so we've got scores assessed a building with

00:58:51.360 --> 00:58:54.640
 buildings which help us with the planning so we're always option

00:58:54.640 --> 00:58:57.760
 looking at you know how could we repurpose a building how could we use the

00:58:57.760 --> 00:59:00.480
 space better could it be used for another purpose or do

00:59:00.480 --> 00:59:04.000
 we need the asset anymore could we sell it and potentially purchase

00:59:04.000 --> 00:59:07.280
 something else so we will bring that back next week on all of

00:59:07.280 --> 00:59:10.160
 our building assets that you'll be discussing in the bond program

00:59:10.160 --> 00:59:13.920
 and that'll be multiple presentations throughout the the next few weeks and

00:59:13.920 --> 00:59:18.560
 and so this table gets the first gt award because they are ready to move

00:59:18.560 --> 00:59:20.800
 forward and that's good i like that that's

00:59:20.800 --> 00:59:24.400
 good thinking okay there's nothing wrong with that okay i'm gonna throw it over

00:59:24.400 --> 00:59:28.320
 here to table three um our table thought there might be

00:59:28.320 --> 00:59:32.720
 different types of bonds that we can sell so they're asking what's the

00:59:32.720 --> 00:59:38.880
 difference between geo and co bonds are yes geo bonds are

00:59:38.880 --> 00:59:42.720
 voter approved so those are approved by the voters

00:59:42.720 --> 00:59:46.480
 co's certificates of obligation are not approved by

00:59:46.480 --> 00:59:51.440
 voters so those are issued for very specific purposes

00:59:51.440 --> 00:59:55.600
 there is there are some statutes that dictate

00:59:55.600 --> 01:00:02.560
 what those can be issued for primarily we issue co's for the utility funds

01:00:02.560 --> 01:00:06.880
 okay um how does the city get from a high grade rating

01:00:06.880 --> 01:00:10.960
 to a premium grade rating and what are your personal steps or goals that are

01:00:10.960 --> 01:00:14.800
 getting get there but the concern is the group's

01:00:14.800 --> 01:00:19.040
 concern is is them making a decision that will have a negative impact

01:00:19.040 --> 01:00:22.800
 on that through this process a really good

01:00:22.800 --> 01:00:27.520
 question um now i feel like i'm in a job interview

01:00:27.520 --> 01:00:33.360
 um so how to get to premium grade that is that is one of our goals

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

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

01:00:44.640 --> 01:00:48.480
 for our 2023 bond program but trying to be honest with you that's

01:00:48.480 --> 01:00:52.080
 what they say um one of the things though that they do

01:00:52.080 --> 01:00:55.040
 look at is our our growth projections we have

01:00:55.040 --> 01:00:58.320
 always come in higher than what we've projected growth at

01:00:58.320 --> 01:01:01.760
 which means our revenues have come in higher as well

01:01:01.760 --> 01:01:07.520
 and so also one of the larger focuses is the financial management financial

01:01:07.520 --> 01:01:10.320
 policies that we have so as long as we continue

01:01:10.320 --> 01:01:17.440
 to conservatively budget manage our financial situation well

01:01:17.440 --> 01:01:22.800
 that can lead to a higher bond rating what was the second part of the

01:01:22.800 --> 01:01:28.320
 question did i miss it it was the concern was the decision they

01:01:28.320 --> 01:01:30.960
 make could it have a negative impact on this

01:01:30.960 --> 01:01:34.240
 process right so that's where the the growth

01:01:34.240 --> 01:01:38.320
 forecast would come in so how we are projecting we're going to

01:01:38.320 --> 01:01:42.080
 talk about that at the next meeting what kind of growth we're projected to

01:01:42.080 --> 01:01:45.920
 have in denton and you saw the assessed values we've already seen

01:01:45.920 --> 01:01:51.360
 growth in our assessed values and with some of our new developments coming in

01:01:51.360 --> 01:01:58.240
 we're continuing to see that growth okay um our question is why is

01:01:58.240 --> 01:02:01.760
 the ins rate higher than comparable cities

01:02:01.760 --> 01:02:06.560
 and does that tie into historical issues such as road repair

01:02:06.560 --> 01:02:11.360
 really good question um so one of the interesting challenges we

01:02:11.360 --> 01:02:14.720
 in denton face that some of our surrounding communities do not

01:02:14.720 --> 01:02:19.360
 is that we are an older city so we are constantly replacing older

01:02:19.360 --> 01:02:22.560
 infrastructure while at the same time growing

01:02:22.560 --> 01:02:26.320
 so we have obviously everyone probably has been to the square

01:02:26.320 --> 01:02:29.520
 that's some of our oldest infrastructure around the square

01:02:29.520 --> 01:02:32.960
 has to be replaced regularly but at the same time

01:02:32.960 --> 01:02:38.160
 the city is growing you saw assessed values 19 percent increased last year

01:02:38.160 --> 01:02:42.080
 we have continued to see growth in our

01:02:42.080 --> 01:02:45.760
 building permits developments coming online

01:02:45.760 --> 01:02:49.600
 rooftops being added so it is an interesting challenge

01:02:49.600 --> 01:02:53.120
 so i think i heard flower mound as an example

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

01:02:56.720 --> 01:03:00.480
 they're also a newer city right so they don't have

01:03:00.480 --> 01:03:02.880
 some of the challenges that we have like our roads

01:03:02.880 --> 01:03:09.920
 being older and our utility infrastructure being older

01:03:09.920 --> 01:03:13.920
 so that group stole our question so we'll roll to our second one

01:03:13.920 --> 01:03:18.080
 uh there is a question about whether or not there is any correlation between the

01:03:18.080 --> 01:03:24.480
 ins rate and average home values or is yeah is there any correlation there

01:03:24.480 --> 01:03:29.680
 so the ins rate is completely separate from the average home value

01:03:29.680 --> 01:03:32.800
 the average home value is calculated from

01:03:32.800 --> 01:03:36.960
 the denton county or i'm sorry denton central appraisal district

01:03:36.960 --> 01:03:41.920
 we receive that information from them we use that to calculate the ins

01:03:41.920 --> 01:03:47.200
 rate but we actually don't calculate the rate by ourselves we have denton county

01:03:47.200 --> 01:03:50.800
 help us calculate that rate so we don't make a mistake

01:03:50.800 --> 01:03:55.040
 but they're the ins rate is really reflective of our debt

01:03:55.040 --> 01:03:59.280
 level and so as the property values increase

01:03:59.280 --> 01:04:04.960
 that average taxable value increases which means you pay more

01:04:04.960 --> 01:04:09.600
 property taxes which means we can afford more

01:04:09.600 --> 01:04:13.520
 hey great good questions now if for some reason

01:04:13.520 --> 01:04:18.000
 a question at your table was not put forward or asked that you had make sure

01:04:18.000 --> 01:04:22.560
 it gets on a sticky note or a piece of paper and handed to your facilitator

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

01:04:26.480 --> 01:04:29.520
 before he does that i want to say something as you watch that

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

01:04:33.040 --> 01:04:36.800
 those are things you can go back and look at and also share with others

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

01:04:40.480 --> 01:04:44.000
 as you go forward here and on a side note i love that video

01:04:44.000 --> 01:04:47.440
 because it has the civic center pool in it and in 1996

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

01:04:51.760 --> 01:04:57.120
 one of the greatest gigs of my life okay all right kevin take it away

01:05:00.240 --> 01:05:06.240
 we're calling agenda item d cbac 23-002 receive a report and hold a

01:05:06.240 --> 01:05:11.120
 discussion regarding an update on the 2014 and 2019 bond programs

01:05:11.120 --> 01:05:18.640
 thank you sir okay frank take it away all right good evening and welcome

01:05:18.640 --> 01:05:21.840
 we're going to go through the previous bonds that we've

01:05:21.840 --> 01:05:25.360
 run through bond programs and give you kind of an update on the status of where

01:05:25.360 --> 01:05:28.560
 they're at so you guys get kind of a picture of the

01:05:28.560 --> 01:05:32.480
 the position we're in for this bond program

01:05:32.480 --> 01:05:35.680
 so as you look back in 2014 our bond program

01:05:35.680 --> 01:05:39.600
 had a lot of street improvements water wastewater stuff and then some park

01:05:39.600 --> 01:05:43.120
 system improvements which you can see is over time total

01:05:43.120 --> 01:05:48.560
 spent up to date is about 84 which is a good thing about seven percent

01:05:48.560 --> 01:05:52.000
 encumbered and about eight percent remaining in that

01:05:52.000 --> 01:05:56.000
 so just over 12 million dollars remaining for that program

01:05:56.000 --> 01:06:00.720
 the bulk of that surprise and street improvements

01:06:00.720 --> 01:06:04.960
 so as you can tell as you drive around town there's a lot of

01:06:04.960 --> 01:06:09.680
 street projects that are going on right now which is great

01:06:09.680 --> 01:06:13.040
 yes yeah so there's a lot of really good work going on

01:06:13.040 --> 01:06:16.320
 that's really a testament to becky and her team

01:06:16.320 --> 01:06:20.880
 in the streets department getting that stuff going out

01:06:20.880 --> 01:06:24.000
 another project that uh have been completed

01:06:24.000 --> 01:06:27.920
 fire station number four if you look we have taken a good investment in

01:06:27.920 --> 01:06:30.240
 replacing some of the older infrastructure

01:06:30.240 --> 01:06:34.880
 one of those being some of our fire stations the waterworks wave pool

01:06:34.880 --> 01:06:38.320
 we added a burn tower and training facility which is one of the best

01:06:38.320 --> 01:06:42.800
 training facilities in north texas for fire departments other fire

01:06:42.800 --> 01:06:46.480
 departments around north texas is coming over to use that facility

01:06:46.480 --> 01:06:50.640
 so that's great to see and then you see some drainage

01:06:50.640 --> 01:06:53.840
 one of the things that we talked about earlier is the pack three and four you

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

01:06:58.560 --> 01:07:01.760
 has had a lot of business very active

01:07:01.760 --> 01:07:05.440
 area over there again the various public art projects

01:07:05.440 --> 01:07:10.320
 the two over 290 roadway projects going on

01:07:10.320 --> 01:07:15.280
 and then gary pack and his team have acquired over 79 acres

01:07:15.280 --> 01:07:21.280
 of parkland as we said we still have about 113 segments

01:07:21.280 --> 01:07:24.960
 roadway segments left to do and then we have a great

01:07:24.960 --> 01:07:28.080
 new tennis center that should be coming online here

01:07:28.080 --> 01:07:31.360
 about august of this year

01:07:31.360 --> 01:07:37.120
 the 2019 bond program again had a lot of street improvements in it

01:07:37.120 --> 01:07:42.160
 had three police facilities had a new firing range a new substation

01:07:42.160 --> 01:07:45.840
 and then a complete renovation of the downtown headquarters

01:07:45.840 --> 01:07:50.160
 out of that project there is only nine thousand dollars left

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

01:07:54.960 --> 01:07:59.280
 substation and range are open for business and the renovation downtown

01:07:59.280 --> 01:08:03.920
 will hopefully be done by quarter three of this year and then again more land

01:08:03.920 --> 01:08:06.080
 for parks because we're not going to make more land

01:08:06.080 --> 01:08:08.960
 and as we go through our master plan for the city

01:08:08.960 --> 01:08:12.160
 and then our parts master plan and how all those things tie together

01:08:12.160 --> 01:08:15.360
 with the downtown master plan really forward thinking

01:08:15.360 --> 01:08:18.960
 and getting the land now so we can as those plans come together

01:08:18.960 --> 01:08:22.640
 we can go out and start building and bring those online

01:08:22.640 --> 01:08:26.960
 so there's about 40 percent of that bond packet still remaining

01:08:26.960 --> 01:08:31.280
 and again the bulk of it in streets because those are the most

01:08:31.280 --> 01:08:35.120
 expensive and they're probably the slowest to roll out because

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

01:08:38.000 --> 01:08:43.280
 up too much at one time right and then as i talked about the

01:08:43.280 --> 01:08:47.920
 completed projects the substation or firing range 14 roadway projects

01:08:47.920 --> 01:08:53.200
 and then 77 acres of parkland then outstanding as i said the downtown

01:08:53.200 --> 01:08:57.760
 police headquarters should be coming on uh bonnie bray

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

01:09:02.800 --> 01:09:06.160
 driving around just a fantastic project as that gets out

01:09:06.160 --> 01:09:11.760
 towards phase seven coming up next then hickory creek road

01:09:11.760 --> 01:09:15.600
 has been a huge project hopefully that'll be a completion of

01:09:15.600 --> 01:09:20.960
 quarter four in 2024 and then ryan road will

01:09:20.960 --> 01:09:26.640
 begin soon after that hickory creek is finished

01:09:26.640 --> 01:09:30.960
 and that's it pretty short and sweet so take some time at your table

01:09:30.960 --> 01:09:34.320
 eight to ten minutes have some thoughtful conversations and come up with

01:09:34.320 --> 01:09:38.160
 your questions go ahead and get started

01:10:04.320 --> 01:10:07.160
 [inaudible]

01:10:34.560 --> 01:10:38.160
 there are some segments

01:11:05.160 --> 01:11:08.160
 [inaudible]

01:11:34.320 --> 01:11:37.320
 [inaudible]

01:12:04.320 --> 01:12:07.320
 let's go pick up the family desk

01:12:07.320 --> 01:12:10.320
 [inaudible]

01:12:34.320 --> 01:12:37.320
 [inaudible]

01:13:05.320 --> 01:13:08.320
 [inaudible]

01:13:08.320 --> 01:13:11.320
 [inaudible]

01:13:11.320 --> 01:13:14.320
 [inaudible]

01:13:14.320 --> 01:13:17.320
 [inaudible]

01:13:17.320 --> 01:13:20.320
 [inaudible]

01:13:20.320 --> 01:13:23.320
 [inaudible]

01:13:23.320 --> 01:13:47.320
 [inaudible]

01:13:47.320 --> 01:13:50.320
 [inaudible]

01:13:50.320 --> 01:13:53.320
 [inaudible]

01:13:53.320 --> 01:13:56.320
 [inaudible]

01:13:56.320 --> 01:13:59.320
 [inaudible]

01:13:59.320 --> 01:14:02.320
 [inaudible]

01:14:02.320 --> 01:14:05.320
 [inaudible]

01:14:05.320 --> 01:14:08.320
 [inaudible]

01:14:08.320 --> 01:14:22.320
 [inaudible]

01:14:22.320 --> 01:14:25.320
 [inaudible]

01:14:25.320 --> 01:14:28.320
 [inaudible]

01:14:28.320 --> 01:14:31.320
 [inaudible]

01:14:31.320 --> 01:14:34.320
 [inaudible]

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 [inaudible]

01:14:37.320 --> 01:15:04.320
 [inaudible]

01:15:04.320 --> 01:15:07.320
 [inaudible]

01:15:07.320 --> 01:15:10.320
 [inaudible]

01:15:10.320 --> 01:15:38.320
 [inaudible]

01:15:38.320 --> 01:15:53.320
 [inaudible]

01:15:53.320 --> 01:15:56.320
 [inaudible]

01:15:56.320 --> 01:15:59.320
 [inaudible]

01:15:59.320 --> 01:16:02.320
 [inaudible]

01:16:02.320 --> 01:16:05.320
 [inaudible]

01:16:05.320 --> 01:16:08.320
 [inaudible]

01:16:08.320 --> 01:16:35.320
 [inaudible]

01:16:35.320 --> 01:16:45.320
 [inaudible]

01:16:45.320 --> 01:17:13.320
 [inaudible]

01:17:13.320 --> 01:17:16.320
 [inaudible]

01:17:16.320 --> 01:17:19.320
 [inaudible]

01:17:19.320 --> 01:17:22.320
 [inaudible]

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 and putting that on a website, but it's not just like information. It's a strategic dashboard so

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

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

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

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,

01:22:24.520 --> 01:22:29.720
 we will do a SWOT analysis where we talk about the strengths, the weaknesses, the opportunities,

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

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

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.

01:22:50.280 --> 01:22:54.840
 Yeah we looked at that and that would be over 200 million dollars now.

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

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

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

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

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

01:23:32.840 --> 01:23:41.240
 total bond program was 144 million. We had to issue additional COs to complete the projects

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

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

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

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

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

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

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

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,

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,

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

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

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

01:25:03.240 --> 01:25:05.400
 voted back on in a setting like this?

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

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

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

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

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

01:25:43.560 --> 01:25:52.840
 now. What are the different bond packages and the categories of them and how will we

01:25:52.840 --> 01:25:59.560
 prioritize those? How will they be prioritized? You mean propositions or packets? The propositions.

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

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.

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

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

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

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

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

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

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

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

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

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.

01:27:21.240 --> 01:27:30.920
 Okay great. Make sure that your table facilitator has your unanswered questions and those will be

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

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.

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

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

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

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

01:28:05.560 --> 01:28:13.000
 citizens, some four-legged citizens, some people enjoying our parks and libraries and our trails

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.

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

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

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

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

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

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

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.

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

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

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

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

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

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

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

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

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

01:29:53.800 --> 01:29:59.880
 you liked about tonight. Just popcorn it out. Anything you liked about tonight's meeting that

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?

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

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

01:30:20.680 --> 01:30:27.720
 all bring in? Yes. From all different perspectives. Different perspectives. So true. Anything else?

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

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

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

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

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

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.

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

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

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

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

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

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

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.

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

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

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.

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

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

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.

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

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

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

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

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

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

01:32:53.960 --> 01:32:56.460
 and we'll see you next week.

01:32:56.460 --> 01:32:57.960
 - Thank you all, have a good night.