1 00:00:00,000 --> 00:00:08,360 unmuted. Unmute. We've determined that a quorum has been met. The downtown Denton tax increment 2 00:00:08,360 --> 00:00:13,120 financing reinvestment zone number one board of the city of Denton, Texas will now convene 3 00:00:13,120 --> 00:00:20,880 in a regular meeting at 1207 PM this Wednesday, the 22nd day of July 2020. Our first order 4 00:00:20,880 --> 00:00:26,320 of business is one a consider approval and or corrections of the meeting minutes from 5 00:00:26,320 --> 00:00:32,440 January 22nd 2020 downtown Denton tax increment financing reinvestment zone number one board 6 00:00:32,440 --> 00:00:43,240 of the city of Denton, Texas. Are there any corrections to the minutes as distributed? 7 00:00:43,240 --> 00:00:53,600 No corrections. Do we have a motion? Motion to accept. We have a motion to accept from 8 00:00:53,600 --> 00:00:59,800 John Rins. Do we have a second? All second from Ben Easley. We have a second from Ben 9 00:00:59,800 --> 00:01:08,960 Easley. It is moved and seconded that we accept the approved the minutes as distributed. All 10 00:01:08,960 --> 00:01:13,800 those in favor of adopting the motion say well, so I go around the horn. I'm sorry. 11 00:01:13,800 --> 00:01:20,040 So yes, and you can go in the order that you see everyone if that helps. Okay. So then 12 00:01:20,040 --> 00:01:35,720 easily. Is that a yes or no? Yes. Paul, is it a yes or no? Aye. Aye. Alex? Aye. Can you 13 00:01:35,720 --> 00:01:51,280 handle good enough? Aye. Gerard? Aye. I believe. Is that it? It's all I see on my screen. John, 14 00:01:51,280 --> 00:01:56,360 did you vote? Aye. Oh, John, I missed you up there. Sorry. Aye. Okay. So it's unanimous. 15 00:01:56,360 --> 00:02:05,880 Can we go to the next order of business now? Yes. Okay. Next order of business. We're going 16 00:02:05,880 --> 00:02:12,360 to skip to 1C receive report and hold discussion and give staff direction regarding a downtown 17 00:02:12,360 --> 00:02:17,440 reinvestment grant for signage for 213 East Hickory Street. The downtown economic development 18 00:02:17,440 --> 00:02:24,320 committee recommends a grant in the amount of $7,313. The chair recognizes Jessica Rogers. 19 00:02:24,320 --> 00:02:30,760 Right. Well, thank you. We're excited to bring forward a grant and we appreciate the patience 20 00:02:30,760 --> 00:02:37,560 of our applicant as his application was interrupted due to COVID and committee is not meeting. 21 00:02:37,560 --> 00:02:42,840 So we appreciate his ongoing patience as we've gone through this, but I'm going to actually 22 00:02:42,840 --> 00:02:47,920 turn it over to Christina Davis from our team to do the presentation and then we'll open 23 00:02:47,920 --> 00:02:53,320 it up for questions. And as you can see, Eric is here with us to answer any questions about 24 00:02:53,320 --> 00:02:58,720 the project as well. Excuse me. Are we skipping the previous item? We're just going to go 25 00:02:58,720 --> 00:03:26,760 out of order. Oh, okay. So that Eric, for Eric's convenience. I see. 26 00:03:26,760 --> 00:03:56,740 Hi, my name is Christina Davis. I'm the economic development specialist. Today I'll give you 27 00:03:56,740 --> 00:04:01,560 a presentation regarding the downtown reinvestment grant application for signage at two one three 28 00:04:01,560 --> 00:04:06,040 East Hickory Street. The business at this location is Hickory to Oak, also known as 29 00:04:06,040 --> 00:04:11,200 H2O. The downtown economic development committee has reviewed the application and recommends 30 00:04:11,200 --> 00:04:18,000 a grant in the amount of $7,313. The next step in the approval process for this application 31 00:04:18,000 --> 00:04:34,600 is a review on a recommendation by this board. Projects will be reviewed with the following 32 00:04:34,600 --> 00:04:40,200 considerations in mind, increase in property valuation or increase in sales tax, historical 33 00:04:40,200 --> 00:04:47,000 accuracy or design quality. It improves capacity of water, wastewater or electric service improvements 34 00:04:47,000 --> 00:04:52,880 to health and safety results in significant increase in downtown population. Other impacts 35 00:04:52,880 --> 00:04:58,200 could include but are not limited to not limited to partners with other businesses such as 36 00:04:58,200 --> 00:05:03,360 shared parking is a target business for like groceries or pharmacy, promotes development 37 00:05:03,360 --> 00:05:10,560 of arts and entertainments downtown. Additional considerations include removal of slip covers 38 00:05:10,560 --> 00:05:15,920 or non-historical added facades, repointing brick or replacing mortar joints, replacing 39 00:05:15,920 --> 00:05:20,760 and restoring cornices, removing paint from brick, replacing windows, restoring trance 40 00:05:20,760 --> 00:05:30,640 and windows, roof and foundation work. Replacing and adding or repairing awnings and signs. 41 00:05:30,640 --> 00:05:35,440 Signs may include sign boards, projecting signs and pedestrian signage, which includes 42 00:05:35,440 --> 00:05:44,620 window signs, hanging signs and awning or canopy signs. Also reimbursement for city 43 00:05:44,620 --> 00:05:50,800 of Denton water and wastewater impact fees, upgrades to water, wastewater, electric service, 44 00:05:50,800 --> 00:05:56,920 including interior upgrades as well as exterior service upgrades, as best as mold evapement, 45 00:05:56,920 --> 00:06:05,240 fire suppression systems and ADA compliance. Hickory Oak also known as H2O is a multi-building 46 00:06:05,240 --> 00:06:17,840 project with access from both East Hickory and East Oak streets in downtown. This grant 47 00:06:17,840 --> 00:06:23,560 application for the coffin race mural in metal and neon blade sign is specific for the 213 48 00:06:23,560 --> 00:06:27,200 East Hickory Street address of the project directly across the street from the city's 49 00:06:27,200 --> 00:06:33,380 Hickory Street public parking lot. The mural featuring a day of the dead themed skeleton 50 00:06:33,380 --> 00:06:37,720 driving a coffin is a celebration of one of the most noteworthy annual events in the Hickory 51 00:06:37,720 --> 00:06:45,860 Street area downtown on Denton's day of the dead festival. The 68 by 72 inch double sided 52 00:06:45,860 --> 00:06:50,520 metal blade sign which features exposed neon will help revitalize the building to be another 53 00:06:50,520 --> 00:06:58,640 addition of rebirth in the area. Total improvements for this project include signage. In 2013 54 00:06:58,640 --> 00:07:05,120 the property at 211 East Hickory was awarded a $10,000 grant for facade awning and paint 55 00:07:05,120 --> 00:07:12,820 improvements. Current grant guidelines allow for up to $25,000 per property. Because addresses 56 00:07:12,820 --> 00:07:19,080 of 211, 213 and 215 East Hickory are now one real property plan, this property is eligible 57 00:07:19,080 --> 00:07:24,920 to receive up to $15,000 in grant awards through the program. On July 7th the downtown economic 58 00:07:24,920 --> 00:07:29,200 development committee reviewed and scored the grant program application. The application 59 00:07:29,200 --> 00:07:35,320 received a score of 22 which allows for a recommendation of up to $10,000. Estimated 60 00:07:35,320 --> 00:07:43,160 expenses submitted for the new signs and the allowable project cost is $14,625. Under the 61 00:07:43,160 --> 00:07:49,060 grant guidelines applicants can request 50% of the allowable project costs up to $50,000. 62 00:07:49,060 --> 00:07:59,160 This grant request is for $7,313. The downtown economic development committee has recommended 63 00:07:59,160 --> 00:08:05,160 approval to the tourist number one board for a grant request of $7,313 with a unanimous 64 00:08:05,160 --> 00:08:10,800 vote of 8 to 0. To assist you in your discussion we provided three options for recommendations 65 00:08:10,800 --> 00:08:15,800 from this board to the city council. Option one is make a recommendation to the Denton 66 00:08:15,800 --> 00:08:21,880 City Council to approve the grant requested from Hickory to Oak in the amount of $7,313 67 00:08:21,880 --> 00:08:26,400 and as recommended by the downtown economic development committee. Option two would be 68 00:08:26,400 --> 00:08:30,800 make a recommendation to the Denton City Council to approve the grant request but in another 69 00:08:30,800 --> 00:08:37,600 amount and option three would be to make no recommendation to the Denton City Council. 70 00:08:37,600 --> 00:08:41,460 This ends my presentation but the grant applicant Eric Polito is in attendance to answer any 71 00:08:41,460 --> 00:08:55,800 questions you may have. I recognize John. Eric what is the target date at this point? 72 00:08:55,800 --> 00:09:02,120 Hey John we're loosely trying to look at fall obviously you know like everyone we're kind 73 00:09:02,120 --> 00:09:08,280 of just seeing what what changes it's we haven't got our CO yet either and we kind of it's 74 00:09:08,280 --> 00:09:14,640 on a slow you know track right now but we are close to finishing it's just trying to 75 00:09:14,640 --> 00:09:19,620 figure out when is the best time you know to launch it just because as you know so much 76 00:09:19,620 --> 00:09:25,320 is put in up front we're trying to figure out when that best timing would be. Okay are 77 00:09:25,320 --> 00:09:30,040 there any external issues that could prevent you guys from opening up given all the COVID 78 00:09:30,040 --> 00:09:35,080 stuff or is it really just internal decision making as it relates to COVID and the market 79 00:09:35,080 --> 00:09:40,500 and so forth. Yeah I think it's it's more that of course you know we we want to be able 80 00:09:40,500 --> 00:09:45,880 to offer what we're going to offer long term and with everything going on and as many restaurants 81 00:09:45,880 --> 00:09:51,600 have done things are kind of sized down and so I guess the question would be do we open 82 00:09:51,600 --> 00:09:58,840 but with a size down offering and operation and footprint really because we don't have 83 00:09:58,840 --> 00:10:04,280 the need for more. So those are some of the things that we're considering or do you just 84 00:10:04,280 --> 00:10:09,320 wait until it's good and safe to do the full thing that you know was imagined from the 85 00:10:09,320 --> 00:10:13,480 beginning so. So it's really just the internal things you talked about you don't see any 86 00:10:13,480 --> 00:10:25,000 external things that could come in the way. Okay. No. That's all I've got. Thank you. 87 00:10:25,000 --> 00:10:35,240 I recognize Ben. Is it I feel like in the past we've we've heard the overall costs 88 00:10:35,240 --> 00:10:41,080 of some projects. Eric do you feel comfortable telling us the overall cost that you all have 89 00:10:41,080 --> 00:10:46,560 incurred on this so far. I don't know that exact number Ben I could I could get more 90 00:10:46,560 --> 00:10:53,720 information but I could tell you it's it's a lot more than this piece and I wish that 91 00:10:53,720 --> 00:10:58,920 we would have done a better job of getting some of the other facade renovations that 92 00:10:58,920 --> 00:11:04,760 we were needing to do and did do into this program as well with like awnings and such 93 00:11:04,760 --> 00:11:08,720 and obviously some of those buildings are new structures as well like where the bathrooms 94 00:11:08,720 --> 00:11:14,640 are where that that day of the dead mural is. But thanks to Christina we were able at 95 00:11:14,640 --> 00:11:18,280 least you know get a couple of these things in there especially because it applied more 96 00:11:18,280 --> 00:11:26,000 to to signage you know. Yeah. Yeah. And I think when when I had walked in there oh man 97 00:11:26,000 --> 00:11:32,280 this was it seems like it was yesterday but it's COVID world right now. Y'all had really 98 00:11:32,280 --> 00:11:38,440 done some work on that entire property. Yeah. There's 1700 to drop in the bucket here. There's 99 00:11:38,440 --> 00:11:43,120 a lot of work that's been done and we've really tried to preserve a lot of the the history 100 00:11:43,120 --> 00:11:48,120 that's in the building. We repurposed a lot of the lights to get them to work and be hung 101 00:11:48,120 --> 00:11:54,240 again. We exposed a mural that's inside that was all kind of blocked by just you know stucco 102 00:11:54,240 --> 00:12:00,160 like type you know coverage of brick like they used to do. And yeah the family still 103 00:12:00,160 --> 00:12:06,680 owns the property as well. So that's a cool aspect that we wanted to touch upon. I know 104 00:12:06,680 --> 00:12:10,520 that's a tangent but but yeah there is a lot of cool reinvestment that we feel like we've 105 00:12:10,520 --> 00:12:17,640 done in the building and can't wait to have folks in there. Right on. That's all I've 106 00:12:17,640 --> 00:12:31,880 got. Recognize Paul. Yeah. Hey Paul. Am I on mute. I don't even know how I heard this. 107 00:12:31,880 --> 00:12:37,920 Some kind of rumor but is it is it true that you've actually got a for real preserve Quaker 108 00:12:37,920 --> 00:12:44,400 Town house on the property. Well we have the property that was across the street at the 109 00:12:44,400 --> 00:12:48,800 law firm. They were going to demolish it and they basically offered it up to us for free 110 00:12:48,800 --> 00:12:57,360 to use if we paid to have it moved. So that is from from you know the HLC at the time 111 00:12:57,360 --> 00:13:03,280 that was what was presumed that that house that was at the law firm that wasn't its original 112 00:13:03,280 --> 00:13:07,600 spot either and that it would maybe structure that was brought there and then we brought 113 00:13:07,600 --> 00:13:12,160 it over. We're not using it right now. It's just kind of sitting on the concrete plat 114 00:13:12,160 --> 00:13:19,080 that's next to the main concept that we have. But we had hoped to use it and repurpose it 115 00:13:19,080 --> 00:13:23,400 for an outside structure. But yeah you're correct. There's there's some history there 116 00:13:23,400 --> 00:13:27,480 and we didn't want it to get demolished. So it was cool to get to use it. Just cost a 117 00:13:27,480 --> 00:13:35,960 little bit of money to move it. Yeah. Well I appreciate that. Thanks. Anyone else have 118 00:13:35,960 --> 00:13:50,760 questions. Am I accepting a motion or. So but there can be discussion after the motion 119 00:13:50,760 --> 00:13:55,480 as well. I thought we were just we're just talking to the applicant but we could have 120 00:13:55,480 --> 00:14:11,980 deliberation even after a motion. Yes. So are we taking a motion to approve or to vote 121 00:14:11,980 --> 00:14:20,200 or Paul do you still want a discussion. Well do you want to pull up the three possible. 122 00:14:20,200 --> 00:14:27,400 Yeah I'm happy to hear you know I have things I want to ask and talk about. But I'm happy 123 00:14:27,400 --> 00:14:33,200 to hear other folks deliberation first. I'm not ready to go straight to the vote. I have 124 00:14:33,200 --> 00:14:42,960 a question that if I missed it I apologize. I'm sorry. Yeah. Could the downtown economic 125 00:14:42,960 --> 00:14:50,100 development group that I serve on but was not present for the last meeting I assume 126 00:14:50,100 --> 00:14:57,080 made a recommendation of the amount stated. Maybe someone could clarify as to what what 127 00:14:57,080 --> 00:15:03,800 their position was and why the amount. If I missed that part I apologize. Can you review 128 00:15:03,800 --> 00:15:10,600 that for. Yes. So the downtown economic development committee as you're aware scores the applications 129 00:15:10,600 --> 00:15:17,120 and so the average score that this application received was twenty two based on that scoring 130 00:15:17,120 --> 00:15:21,920 criteria and of course you know as a member of that committee that each individual member 131 00:15:21,920 --> 00:15:27,000 has a scoring sheet but has the ability to score based on how they feel it meets the 132 00:15:27,000 --> 00:15:33,040 criteria. So the consensus again was an average of twenty two which makes the project eligible 133 00:15:33,040 --> 00:15:38,120 of up to ten thousand dollars. This project is was requesting less than that amount. So 134 00:15:38,120 --> 00:15:44,360 it's equal to 50 percent of their expenses. So in this case they were eligible for 14. 135 00:15:44,360 --> 00:15:48,000 The project expenses that were eligible were fourteen thousand. I don't have the number 136 00:15:48,000 --> 00:15:54,360 in front of me but the amount they were recommending from the DEDC was seven thousand three hundred 137 00:15:54,360 --> 00:16:03,680 and thirteen which is 50 percent of their project expenses. Okay. I'm going back and 138 00:16:03,680 --> 00:16:11,960 reading there. Okay this is for signs. So they might they didn't apply for other other 139 00:16:11,960 --> 00:16:20,560 eligible expenses on this building. They didn't feel the need to. If I could answer that Alex 140 00:16:20,560 --> 00:16:28,120 so we were because of the cadence and process that that you need to go through to qualify 141 00:16:28,120 --> 00:16:34,840 for any type of assistance we weren't able to apply for those things because they were 142 00:16:34,840 --> 00:16:42,280 already done and we had to submit before we commenced work on these things which in the 143 00:16:42,280 --> 00:16:47,560 case of the mural and the signage we did submit before we commenced work and the other things 144 00:16:47,560 --> 00:16:52,160 we did not. I got you. Okay. Otherwise we would have been yeah I would have qualified 145 00:16:52,160 --> 00:17:06,500 for a lot more certainly. Okay that's all I have. Other questions for Eric or staff. 146 00:17:06,500 --> 00:17:19,200 The next part looking at the three potential deliberations. Christina is going to share 147 00:17:19,200 --> 00:17:45,840 that slide. Just takes one second to get it pulled up. So those are the three options 148 00:17:45,840 --> 00:17:50,640 that you're seeing on your screen right now is option one. Make a recommendation to the 149 00:17:50,640 --> 00:17:57,500 city council that concurs with the downtown economic development committee. Make a recommendation 150 00:17:57,500 --> 00:18:04,400 of a separate amount or make don't make a recommendation to approve the grant. Are you 151 00:18:04,400 --> 00:18:12,420 ready for a motion. I believe we're ready for a recommendation. I'll make a motion to 152 00:18:12,420 --> 00:18:20,980 for option one to approve the amount requested of seventy three thirteen. I'll second the 153 00:18:20,980 --> 00:18:45,680 motion. First from Alex a second from Ben. Paul do you have a question. Yes I do. Wait 154 00:18:45,680 --> 00:18:53,480 are we allowed a question at this point. Yes. Yes. Okay go ahead. Yeah I guess you know 155 00:18:53,480 --> 00:19:03,400 a question potentially some comment. So my question is under what what considerations 156 00:19:03,400 --> 00:19:12,960 can apply to to make the recommendation different than the requested amount if all the expenses 157 00:19:12,960 --> 00:19:23,460 is qualified. And here and let me give you some context. You know I weigh very heavily 158 00:19:23,460 --> 00:19:27,160 and seriously it's not a huge amount of money here we're talking about but I still weigh 159 00:19:27,160 --> 00:19:33,680 very seriously public benefit benefit versus private benefit. We can only spend taxpayer 160 00:19:33,680 --> 00:19:41,080 money for public benefit and the whole purpose of the downtown TIF and the reinvestment grants 161 00:19:41,080 --> 00:19:47,720 is that it's a public benefit to revitalize the downtown area and to invest in it. And 162 00:19:47,720 --> 00:19:53,960 boy if there was ever a project that fits the bill perfectly you know this sure does 163 00:19:53,960 --> 00:19:59,520 on the whole and I you know just as a citizen like I really appreciate what they're doing 164 00:19:59,520 --> 00:20:10,640 with the property where where I you know have some concern is you've got two different components 165 00:20:10,640 --> 00:20:13,640 that went into the cost and I acknowledge what Alex said it could have been a whole 166 00:20:13,640 --> 00:20:17,360 lot of other things that they submitted for the timing had been different but such you 167 00:20:17,360 --> 00:20:25,880 know but be that as it may the mural supporting you know kind of a debt in public event and 168 00:20:25,880 --> 00:20:31,000 decorative you know kind of on the street and all seems to be seems to very clearly 169 00:20:31,000 --> 00:20:39,120 square with the public purpose intended. Now the sign for the individual business itself 170 00:20:39,120 --> 00:20:47,680 clearly qualifies by the way it's laid out in the presentation it's signage and that's 171 00:20:47,680 --> 00:20:56,000 a sign but that's why I'm asking like what are the criteria that we're sort of allowed 172 00:20:56,000 --> 00:21:01,840 to judge on because if I if I weigh is that really I'm very happy to you know be instructed 173 00:21:01,840 --> 00:21:09,640 by my colleagues but but the question I ask myself is that really public benefit or primarily 174 00:21:09,640 --> 00:21:15,960 or private benefit and we weigh those things that that that scale for like every parks 175 00:21:15,960 --> 00:21:22,880 program yeah that's an official framework that we use to evaluate things how much of 176 00:21:22,880 --> 00:21:28,040 it to what degrees of public to what degrees of private it just feels much more you know 177 00:21:28,040 --> 00:21:34,520 the sign advertising your business you know strikes me as much more private benefit so 178 00:21:34,520 --> 00:21:42,840 so despite the fact that I think the total project is so bang on right you know I would 179 00:21:42,840 --> 00:21:49,920 be more inclined to you know give the grant essentially for the to cover 50% of the mural 180 00:21:49,920 --> 00:21:57,760 cost that that but I don't know really how we're meant to apply the criteria so that's 181 00:21:57,760 --> 00:22:06,760 all one with Alex leading the TIF or the Dead Sea board he might be able to speak to that 182 00:22:06,760 --> 00:22:15,840 really well and then I think it might be appropriate also to sort of revisit why it starts at the 183 00:22:15,840 --> 00:22:27,400 Dead Sea level to bring to hers that be appropriate sure so I so Melissa's reference the former 184 00:22:27,400 --> 00:22:32,160 downtown task force is the downtown economic development committee is the committee she's 185 00:22:32,160 --> 00:22:38,280 referencing and that scores the application the criteria that they score on are the criteria 186 00:22:38,280 --> 00:22:45,360 that are adopted by City Council by ordinance included in that is awnings and signs as a 187 00:22:45,360 --> 00:22:50,120 specific criteria of which they consider eligible funding so that's a they were provided that 188 00:22:50,120 --> 00:22:57,080 guidance by the ordinance adopted by City Council but I'll let Alex maybe talk to the 189 00:22:57,080 --> 00:23:02,040 staff doesn't score the application we just make sure that it complies with the ordinance 190 00:23:02,040 --> 00:23:06,920 as adopted in the criteria that were given and so maybe Alex or Melissa can speak to 191 00:23:06,920 --> 00:23:12,800 what process they go through or what evaluation they take into perspective as they score an 192 00:23:12,800 --> 00:23:20,160 application yeah I'm glad to weigh in and raise my hand it's just I don't I don't want 193 00:23:20,160 --> 00:23:25,600 to get into a theoretical debate if we can avoid it but the whole nature of this program 194 00:23:25,600 --> 00:23:32,320 and this application and the eligible expenses if you if you if they were to have applied 195 00:23:32,320 --> 00:23:36,320 for this on the basis of all the work they've done if that had if that had happened in the 196 00:23:36,320 --> 00:23:44,600 right timing it's hard to make an argument that much of these cause much of the cost 197 00:23:44,600 --> 00:23:54,440 that we typically award on our public benefit you know impact fees you know utility upgrades 198 00:23:54,440 --> 00:23:58,520 which oftentimes that we're not talking about in the street they might be but most times 199 00:23:58,520 --> 00:24:03,280 we're talking about utility upgrades to the building itself interior code improvements 200 00:24:03,280 --> 00:24:07,880 to the building itself those are the things that they've done in this case and would would 201 00:24:07,880 --> 00:24:14,320 have scored you know a $25,000 grant easily and so but if you try to make the argument 202 00:24:14,320 --> 00:24:19,600 how much this is public benefit I mean I don't know it's more that that's where we're getting 203 00:24:19,600 --> 00:24:26,280 the philosophical argument so to break this one down on that basis would be to me open 204 00:24:26,280 --> 00:24:34,480 it up you could have that argument and and do this every single time so and again it 205 00:24:34,480 --> 00:24:40,760 is economic development let's hope that this is a a you know successful project that we're 206 00:24:40,760 --> 00:24:45,280 back to normal business and there's lots of people down there patronizing this business 207 00:24:45,280 --> 00:24:51,240 and and enjoying themselves and then spending tax dollars that spending dollars that equate 208 00:24:51,240 --> 00:24:56,400 to sales tax dollars for the city and can be used for the public benefit so and like 209 00:24:56,400 --> 00:25:02,440 I said in that so in the sense that you know you're just going to pick out and do that 210 00:25:02,440 --> 00:25:09,960 with signage is I think unfair I don't know if I accomplished what I was asked to but 211 00:25:09,960 --> 00:25:16,040 that's what I wanted to state John I see that your hand is raised Christina I'd like to 212 00:25:16,040 --> 00:25:23,440 ask you before I moved to have John take the floor could you bring up the Dead Sea scoring 213 00:25:23,440 --> 00:25:34,120 criteria that was that in the deck she did have a slide on the project considerations 214 00:25:34,120 --> 00:25:38,360 at the very beginning of what are the items that could be taken into consideration but 215 00:25:38,360 --> 00:25:45,360 I don't think we have the sample score sheet with this item we have it with the next item 216 00:25:45,360 --> 00:25:51,560 we may be able to bring it up historic accuracy any of the y'all just have that just sort 217 00:25:51,560 --> 00:26:00,700 of as a yes so in your backup with their full application it has the table that has it broken 218 00:26:00,700 --> 00:26:05,560 down and the items that are taken into account on the scoring system or economic impact historic 219 00:26:05,560 --> 00:26:11,720 accuracy and design upgrades to utilities or impact fees increases in population interior 220 00:26:11,720 --> 00:26:16,400 code improvements and then there is an other category that includes partnerships with other 221 00:26:16,400 --> 00:26:21,440 businesses such as shared parking the project is a targeted business such as a grocery store 222 00:26:21,440 --> 00:26:27,200 pharmacy or a locally owned business that it promotes didn't development excuse me promotes 223 00:26:27,200 --> 00:26:31,160 development of Denton Arts and Entertainment and then the longevity of the business so 224 00:26:31,160 --> 00:26:36,480 that's the scoring sheet and then Christina included in her presentation a slide that outlined 225 00:26:36,480 --> 00:26:42,680 the guidance that is provided in the ordinance adopting the program and it states that projects 226 00:26:42,680 --> 00:26:47,440 will be reviewed and ranked with the following consideration so increase in a property value 227 00:26:47,440 --> 00:26:53,080 or generation of sales tax project rehabilitation that reflects historic accuracy improves the 228 00:26:53,080 --> 00:26:59,080 capacity of water wastewater or electric utility services provides improvements to health and 229 00:26:59,080 --> 00:27:04,480 safety water wastewater impact fees are assessed and the project will result in a significant 230 00:27:04,480 --> 00:27:09,200 increase in downtown population either day or night or other appropriate impacts may 231 00:27:09,200 --> 00:27:13,360 be considered on a case-by-case basis including but not limited to partnerships with other 232 00:27:13,360 --> 00:27:20,200 businesses targeted businesses and promotion of arts and entertainment so those are yes 233 00:27:20,200 --> 00:27:28,120 those are the criteria that are reviewed thank you John so a bit of a question bit of a statement 234 00:27:28,120 --> 00:27:35,760 um this to me isn't part of the broad scope of TURS in its budget but a segment of it 235 00:27:35,760 --> 00:27:40,960 is the grant program so i'm just bringing that up paul that if this was in the broader 236 00:27:40,960 --> 00:27:46,800 scope maybe some of those questions come into play but this is the separate grant program 237 00:27:46,800 --> 00:27:51,400 and we probably should we should be that probably we should be looking at it from that perspective 238 00:27:51,400 --> 00:28:06,520 in those criteria because that is am i correct yeah i agree i agree okay any further discussion 239 00:28:06,520 --> 00:28:17,520 or questions we had a motion and a second on the table do we now just go around the 240 00:28:17,520 --> 00:28:26,480 horn for yeah um yes if there's no more discussion i don't see any hand raised so we'll go around 241 00:28:26,480 --> 00:28:40,080 the horn too with a yay or nay john yay then yay alex yay paul yeah on balance it's compelling 242 00:28:40,080 --> 00:28:51,960 so i'm a i'm an aye aye aye gerard all right melissa's an aye as well the recommendation 243 00:28:51,960 --> 00:28:58,320 carries unanimously we unanimously vote yes so we'll be moving this forward as fast as 244 00:28:58,320 --> 00:29:02,880 we can to the city council and we'll coordinate with eric to make sure he gets to join us 245 00:29:02,880 --> 00:29:11,160 for one more meeting thank you eric thanks for coming eric of course good luck with everything 246 00:29:11,160 --> 00:29:20,080 thank you eric appreciate everything now we'll um come back to 1b which is receive a report 247 00:29:20,080 --> 00:29:24,360 hold a session and give staff direction regarding amendments to the downtown reinvestment grant 248 00:29:24,360 --> 00:29:33,640 program policy like uh jessica and christina too yes so we have a very quick presentation 249 00:29:33,640 --> 00:29:38,120 christina is going to pull it up for me and drive for me so that i don't have to keep 250 00:29:38,120 --> 00:30:04,920 moving around i apologize for the delay here we're switching presentations all right so 251 00:30:04,920 --> 00:30:10,760 i'll just do a quick overview of a couple conversations that we've had since january 252 00:30:10,760 --> 00:30:18,440 so next slide so today we'll just have the discussion and receive direction regarding 253 00:30:18,440 --> 00:30:25,800 updates to the downtown reinvestment grant policy next slide so to remind everyone we 254 00:30:25,800 --> 00:30:32,640 have been working on this for a while uh back in january we received or we held a discussion 255 00:30:32,640 --> 00:30:39,840 about making an amendment to the downtown reinvestment grant policy to include ada improvements 256 00:30:39,840 --> 00:30:45,240 as interior code improvements as eligible expenses in that category of the policy and 257 00:30:45,240 --> 00:30:50,720 also amend the scoring sheet to specifically list ada improvements under the interior code 258 00:30:50,720 --> 00:30:56,600 improvement section as an eligible scoring item the terse board provided staff direction 259 00:30:56,600 --> 00:31:01,280 that you wanted direction from the downtown economic development committee prior to your 260 00:31:01,280 --> 00:31:06,320 consideration of changes so on february 6th which does seem like a very long time ago 261 00:31:06,320 --> 00:31:12,640 now we actually took this item to the downtown committee and they concurred with the terse 262 00:31:12,640 --> 00:31:17,160 board's recommendations following that up we were scheduled to go to the committee on 263 00:31:17,160 --> 00:31:22,200 persons with disabilities in march that was one of the committees that was cancelled as 264 00:31:22,200 --> 00:31:27,160 the start of the covid pandemic started so we weren't able to get with them until their 265 00:31:27,160 --> 00:31:32,640 next meeting which was july 16th i presented the item to them and they also concurred with 266 00:31:32,640 --> 00:31:39,400 the terse board recommendations and they appreciated being part of the process and so next slide 267 00:31:39,400 --> 00:31:45,080 so the proposed amendments and i've included both a red line and a clean version of the 268 00:31:45,080 --> 00:31:50,880 policy for your consideration would be to amend the interior code improvement section 269 00:31:50,880 --> 00:31:57,120 and the on both the project descriptions and the scoring sheet and i have another slide 270 00:31:57,120 --> 00:32:02,040 on that in just one second as well as we went through the policy to make administrative 271 00:32:02,040 --> 00:32:06,560 updates which included changing the references to the downtown task force to its new name 272 00:32:06,560 --> 00:32:11,200 the downtown economic development committee we also updated the contact information and 273 00:32:11,200 --> 00:32:15,640 staff references and some of the checklist items that applicants have to go through to 274 00:32:15,640 --> 00:32:21,000 make sure that that information stays up to date we also provided little bits of clarification 275 00:32:21,000 --> 00:32:25,840 where needed nothing major just making sure that the process was clearly outlined where 276 00:32:25,840 --> 00:32:30,040 we had been getting questions and then we just corrected some formatting and grammar 277 00:32:30,040 --> 00:32:36,040 issues that came up in the process and if you go to the next slide this is the amendment 278 00:32:36,040 --> 00:32:41,600 that this committee specifically recommended back in january which was to add the statements 279 00:32:41,600 --> 00:32:46,920 under the interior code improvement section that states and improvements made as required 280 00:32:46,920 --> 00:32:52,740 by or in accordance with the americans with disabilities act as amended so it's specifically 281 00:32:52,740 --> 00:32:59,160 now listed in the definition as an eligible project type and that is i believe all i have 282 00:32:59,160 --> 00:33:19,320 and so we can open it up for discussion like to open up for a discussion or question doesn't 283 00:33:19,320 --> 00:33:27,160 look like there's any discussions or questions yeah i think we kind of we made that call 284 00:33:27,160 --> 00:33:32,840 at that meeting so it's great seats in there yeah yeah i think for what it's worth i'm 285 00:33:32,840 --> 00:33:39,720 good with it and it doesn't seem that this is something 286 00:33:39,720 --> 00:33:44,400 that needs to be voted on we do need a motion a recommendation because the policy is adopted 287 00:33:44,400 --> 00:33:48,720 by ordinance so we'll be drafting a ordinance to amend the policy and taking that to city 288 00:33:48,720 --> 00:33:54,360 council so we would like this board's recommendation to go with that okay would anybody like to 289 00:33:54,360 --> 00:34:02,680 make a motion i'll make a motion to approve i'll second 290 00:34:02,680 --> 00:34:09,880 so we have a motion and a second i don't see everybody is john still there yeah i'm here 291 00:34:09,880 --> 00:34:19,800 oh there you are yeah john i seconded uh second sorry vote yay or nay 292 00:34:19,800 --> 00:34:39,800 i vote yay then yay yeah alex yay paul yay yes and i thank you gerard yay elissa yay 293 00:34:39,800 --> 00:34:47,160 the right board passes the unanimous vote yes and we will be bringing that forward to city 294 00:34:47,160 --> 00:34:51,720 council and we'll make sure to update the board once that gets adopted by city council 295 00:34:51,720 --> 00:35:02,120 great thank you that takes us to 1d correct receive a report hold a discussion and give 296 00:35:02,120 --> 00:35:08,600 staff direction regarding the fiscal year 2020 2021 downtown denton tax increment refinancing 297 00:35:08,600 --> 00:35:15,160 zone number one budget yes it's that time of year again that we are going to be discussing 298 00:35:15,160 --> 00:35:22,120 budgets and so prior to the city manager's start of budget excuse me prior to the start 299 00:35:22,120 --> 00:35:25,880 of the presentations and the city manager's presentation in the next few weeks to city 300 00:35:25,880 --> 00:35:31,640 council we wanted to bring the terz board um budget item forward so i'm going to turn 301 00:35:31,640 --> 00:35:35,800 it over to nick vincent nick is our assistant director of finance who is going to present 302 00:35:35,800 --> 00:35:48,760 this item thank you jessica can everybody see the presentation no okay 303 00:35:48,760 --> 00:36:05,320 okay can you see that yes perfect so as jessica said i'm nick vincent 304 00:36:05,320 --> 00:36:11,000 assistant director of finance i have a brief presentation to review the 2021 proposed downtown 305 00:36:11,000 --> 00:36:16,920 terz budget with you um chair if it's okay there's only two two or three slides if we 306 00:36:16,920 --> 00:36:20,120 could get through the presentation ask questions if that's okay with you 307 00:36:20,120 --> 00:36:30,760 so this slide summarizes the adopted 1920 budget you can see it here in this column so the terz 308 00:36:30,760 --> 00:36:38,280 fund currently has 739 000 in revenue we currently have 150 000 in expenses in the current budget 309 00:36:38,280 --> 00:36:42,520 and we are forecasting both of those to be at budget ending this fiscal year 310 00:36:42,520 --> 00:36:49,240 and you can see the preliminary 2021 budget we are forecasting 801 000 in revenue for the 311 00:36:49,240 --> 00:36:56,040 downtown terz fund and then we have 100 000 in expenses forecasted a couple things i want to 312 00:36:56,040 --> 00:37:01,960 review with you so the 2021 revenue assumptions you can see the base value for the terz fund 313 00:37:01,960 --> 00:37:08,360 and i'll review with you on the next slide of 79.3 million we are currently forecasting the 2020 314 00:37:08,360 --> 00:37:14,760 value for the terz fund to come in at 227.3 million and this currently assumes an eight percent growth 315 00:37:14,760 --> 00:37:21,240 in assessed values in the city of denton we will receive certified estimates this coming friday 316 00:37:21,880 --> 00:37:25,960 and this year is a little bit different than previous years we will not actually get a certified 317 00:37:25,960 --> 00:37:31,640 total the 24th of july this year we'll actually get certified estimates so we'll continue to keep 318 00:37:31,640 --> 00:37:37,080 the downtown terz board updated as we progress through the budgeting cycle circle back with you 319 00:37:37,080 --> 00:37:41,320 in august or september with the updated values but for the time being we currently have an eight 320 00:37:41,320 --> 00:37:47,320 percent increase in assessed values plugged in as you can see the estimated revenues as i've 321 00:37:47,320 --> 00:37:53,320 reviewed up in the table is 801 000 uh we do use 95 percent of the incremental value above the base 322 00:37:53,320 --> 00:38:01,080 value um so basically the difference between the 227 and the 79.3 million represents 148 million 323 00:38:01,080 --> 00:38:09,800 dollars of growth um 95 percent of that value is 140.6 million and then the 2021 expenses we do have 324 00:38:09,800 --> 00:38:18,360 a hundred thousand dollars in grant reimbursement plugged into the budget this is the table we show 325 00:38:18,360 --> 00:38:23,160 each year when we're presenting the downtown terz budget and you can see in 2010 when that initial 326 00:38:23,160 --> 00:38:29,880 value was established at 79.4 million and you can see that value here and you can see the forecasted 327 00:38:29,880 --> 00:38:36,680 value that's revert reviewed with you on the previous slide of 227.37 million so you can see 328 00:38:36,680 --> 00:38:43,000 over this 10 year period the terz district has increased in value and of course you can see the 329 00:38:43,000 --> 00:38:53,800 forecasted revenue down here at the bottom of 801 000 so next steps we are looking for direction 330 00:38:53,800 --> 00:39:00,520 today from the terz board the denton cad will release certified estimates this friday the 24th 331 00:39:00,520 --> 00:39:05,960 we get estimates for the entire city so assessed values the downtown area in the city of denton so 332 00:39:05,960 --> 00:39:10,680 for the terz district and then the proposed budget the city manager's budget as jessica 333 00:39:10,680 --> 00:39:14,440 had mentioned is going to be presented to the city council on august the sixth 334 00:39:14,440 --> 00:39:23,160 and that concludes the presentation and i will pull it down really quick to allow for questions 335 00:39:31,880 --> 00:39:40,120 okay i have a question yes sir do the certified estimates consider um property 336 00:39:40,120 --> 00:39:48,280 owners um contesting their tax bills is this considered after that or could it be adjusted 337 00:39:48,280 --> 00:39:54,200 after people are contesting uh that's a great question uh so the certified estimate can be 338 00:39:54,200 --> 00:40:01,160 adjusted after this coming friday and there could possible possibility be a property still in protest 339 00:40:01,160 --> 00:40:06,760 so uh there is some uncertainty with it until we get those certified totals which this year we won't 340 00:40:06,760 --> 00:40:11,400 actually receive certified totals in september um so we'll get those in september and circle back 341 00:40:11,400 --> 00:40:16,680 with the terz board and city council once we get them but we will be working off certified estimates 342 00:40:16,680 --> 00:40:22,120 coming this friday and as we have those budget discussions the city council in august one other 343 00:40:22,120 --> 00:40:29,960 question um thank you one other question where are we at um the consulting firm and bringing 344 00:40:29,960 --> 00:40:36,280 together a proposal for what we've been talking about as far as a larger game plan i don't know 345 00:40:36,280 --> 00:40:42,600 if we want to dive into this here but it certainly seems to fit the budget talk um we had a presentation 346 00:40:42,600 --> 00:40:49,240 from a gentleman you know six months ago what is the status right now sure so like many things it 347 00:40:49,240 --> 00:40:56,040 got delayed due to the covid pandemic as staff staff had to shift um on some other high priority 348 00:40:56,040 --> 00:41:02,520 items but we have resumed the study and we intend to bring it back as soon as it gets completed 349 00:41:02,520 --> 00:41:07,080 we're missing i would say maybe five to ten percent of the data we need to finish it up 350 00:41:07,080 --> 00:41:10,840 and then bring it back so our intention is it will be back to the board very quickly 351 00:41:10,840 --> 00:41:19,640 and is the payment for that consultant coming from the general fund yes this was not paid out 352 00:41:19,640 --> 00:41:27,240 of terse funds that's correct that's all i've got any other questions or discussion 353 00:41:27,240 --> 00:41:36,200 okay 354 00:41:45,560 --> 00:41:52,520 jessica yes you had some input no no no i was just telling you you were muted okay thank you 355 00:41:52,520 --> 00:42:01,000 so we'll look for a motion about the budget as presented 356 00:42:06,040 --> 00:42:15,720 i guess motion to accept it do we have a second i'll second it okay moved and seconded that we 357 00:42:15,720 --> 00:42:23,240 accept the budget as presented by nick all those in favor well not all those in favor so go around 358 00:42:23,240 --> 00:42:35,080 a horn to get a yay or nay or yes or no john yes then yes alex yes paul i 359 00:42:36,360 --> 00:42:40,280 jeward yes alissa yes 360 00:42:40,280 --> 00:42:52,520 so the it is uh the motion passes by unanimous vote yes so nick will build that into the 361 00:42:52,520 --> 00:42:56,680 recommended budget that will be taken to city council and we'll keep you updated on that 362 00:42:56,680 --> 00:43:02,200 process as you know the budget must be adopted by city council so we will come back to you if we 363 00:43:02,200 --> 00:43:06,120 have any changes thank you thank you 364 00:43:06,120 --> 00:43:15,800 next order of businesses to receive staff activity report where we will also discuss the next meeting 365 00:43:15,800 --> 00:43:22,600 date and we'll invite christina back for that one 366 00:43:25,720 --> 00:43:33,160 for staff reports openings we have a dentin sports crowd practic they're located in the 367 00:43:33,160 --> 00:43:38,920 in a shared building that will also have a call center which will be really interesting for us 368 00:43:38,920 --> 00:43:47,560 at 235 west hickory red's yard is open at 410 north bell they advertise that they specialize 369 00:43:47,560 --> 00:43:52,840 in eating drinking and chilling out with yard games and picnic tables out on their open spaced 370 00:43:52,840 --> 00:43:59,640 area cookie crave is down south locust and they will bring you warm cookies and ice cream or milk 371 00:43:59,640 --> 00:44:05,960 until 3 a.m so if you get a craving you can give them a call salon indigo and vinyl lounge have 372 00:44:05,960 --> 00:44:13,160 both opened down in the former dentin record chronicle building and so they have some 373 00:44:13,160 --> 00:44:19,400 really great services there vinyl lounge is serving up some groovy tunes and cool cocktails 374 00:44:19,400 --> 00:44:24,120 so if you get thirsty and want to listen to some records you're you're all set and three wishes 375 00:44:24,120 --> 00:44:30,280 also opened in the former market on oak space on 108 west oak and they have home decor and 376 00:44:30,280 --> 00:44:35,880 collectibles on our closings we have we do have a good list of closings we have the market on oak 377 00:44:35,880 --> 00:44:43,400 which is at 108 west oak nift which was a secondhand clothing it was at north austin street 378 00:44:44,200 --> 00:44:51,480 scrap is now closed freaks and geeks source gaming lounge cryptozoology escape in the square 379 00:44:51,480 --> 00:44:59,240 mad world records denton trading wine squared and juice lab so the last two are are closing 380 00:44:59,240 --> 00:45:05,880 up at the end of the month but they are they're on the way moving we look forward to seeing h2o 381 00:45:05,880 --> 00:45:13,240 open soon caskies which is on 311 north elm and then more fun toys is planning to move into the 382 00:45:13,240 --> 00:45:21,240 former mad records location so that'll be nice to have a toy store on the out on the square 383 00:45:21,240 --> 00:45:27,320 since you do review grants i do have a couple updates for you on the grants the 109 west 384 00:45:27,320 --> 00:45:34,360 walnut for the movement lab he opened right as soon as covet allowed so he's opened there and 385 00:45:34,360 --> 00:45:41,240 processed and then went by 104 west mckinney this morning which is chai dow's location it looks to be 386 00:45:41,240 --> 00:45:45,960 completed in there but i haven't heard anything from him but i'll be checking up on him to see 387 00:45:45,960 --> 00:45:53,240 how how far along he is or if he's ready to to close out his grant as well the next meeting date 388 00:45:53,240 --> 00:46:01,880 i have listed for us is september 23rd so any questions i think on the meeting date we were 389 00:46:01,880 --> 00:46:11,880 trying to capture the uh consultant report yes so our discussion with the consultant has been that 390 00:46:11,880 --> 00:46:18,520 that's our goal um but if we finish early we may ask the terse board if you would like to call a 391 00:46:18,520 --> 00:46:25,080 special called meeting um prior to that september date since that's pretty far away but we'll get 392 00:46:25,080 --> 00:46:29,240 back with you on that we'll just keep that date since that one's set and then if we need to get 393 00:46:29,240 --> 00:46:36,120 back together early i'll send out a note to everyone and get your availability great okay 394 00:46:36,120 --> 00:46:39,560 christine is that all 395 00:46:39,560 --> 00:46:43,640 yes okay that's all 396 00:46:43,640 --> 00:46:51,240 the final order of business is concluding items is there any other business to discuss 397 00:46:56,200 --> 00:47:07,400 wow if there's no other business the regular meeting is adjourned at 12 53 pm thank you