WEBVTT 00:00:00.000 --> 00:00:08.360 unmuted. Unmute. We've determined that a quorum has been met. The downtown Denton tax increment 00:00:08.360 --> 00:00:13.120 financing reinvestment zone number one board of the city of Denton, Texas will now convene 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 00:00:20.880 --> 00:00:26.320 of business is one a consider approval and or corrections of the meeting minutes from 00:00:26.320 --> 00:00:32.440 January 22nd 2020 downtown Denton tax increment financing reinvestment zone number one board 00:00:32.440 --> 00:00:43.240 of the city of Denton, Texas. Are there any corrections to the minutes as distributed? 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 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 00:00:59.800 --> 00:01:08.960 Easley. It is moved and seconded that we accept the approved the minutes as distributed. All 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. 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 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 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, 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. 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 00:02:05.880 --> 00:02:12.360 to skip to 1C receive report and hold discussion and give staff direction regarding a downtown 00:02:12.360 --> 00:02:17.440 reinvestment grant for signage for 213 East Hickory Street. The downtown economic development 00:02:17.440 --> 00:02:24.320 committee recommends a grant in the amount of $7,313. The chair recognizes Jessica Rogers. 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 00:02:30.760 --> 00:02:37.560 of our applicant as his application was interrupted due to COVID and committee is not meeting. 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 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 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 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 00:02:58.720 --> 00:03:26.760 out of order. Oh, okay. So that Eric, for Eric's convenience. I see. 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 00:03:56.740 --> 00:04:01.560 a presentation regarding the downtown reinvestment grant application for signage at two one three 00:04:01.560 --> 00:04:06.040 East Hickory Street. The business at this location is Hickory to Oak, also known as 00:04:06.040 --> 00:04:11.200 H2O. The downtown economic development committee has reviewed the application and recommends 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 00:04:18.000 --> 00:04:34.600 is a review on a recommendation by this board. Projects will be reviewed with the following 00:04:34.600 --> 00:04:40.200 considerations in mind, increase in property valuation or increase in sales tax, historical 00:04:40.200 --> 00:04:47.000 accuracy or design quality. It improves capacity of water, wastewater or electric service improvements 00:04:47.000 --> 00:04:52.880 to health and safety results in significant increase in downtown population. Other impacts 00:04:52.880 --> 00:04:58.200 could include but are not limited to not limited to partners with other businesses such as 00:04:58.200 --> 00:05:03.360 shared parking is a target business for like groceries or pharmacy, promotes development 00:05:03.360 --> 00:05:10.560 of arts and entertainments downtown. Additional considerations include removal of slip covers 00:05:10.560 --> 00:05:15.920 or non-historical added facades, repointing brick or replacing mortar joints, replacing 00:05:15.920 --> 00:05:20.760 and restoring cornices, removing paint from brick, replacing windows, restoring trance 00:05:20.760 --> 00:05:30.640 and windows, roof and foundation work. Replacing and adding or repairing awnings and signs. 00:05:30.640 --> 00:05:35.440 Signs may include sign boards, projecting signs and pedestrian signage, which includes 00:05:35.440 --> 00:05:44.620 window signs, hanging signs and awning or canopy signs. Also reimbursement for city 00:05:44.620 --> 00:05:50.800 of Denton water and wastewater impact fees, upgrades to water, wastewater, electric service, 00:05:50.800 --> 00:05:56.920 including interior upgrades as well as exterior service upgrades, as best as mold evapement, 00:05:56.920 --> 00:06:05.240 fire suppression systems and ADA compliance. Hickory Oak also known as H2O is a multi-building 00:06:05.240 --> 00:06:17.840 project with access from both East Hickory and East Oak streets in downtown. This grant 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 00:06:23.560 --> 00:06:27.200 East Hickory Street address of the project directly across the street from the city's 00:06:27.200 --> 00:06:33.380 Hickory Street public parking lot. The mural featuring a day of the dead themed skeleton 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 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 00:06:45.860 --> 00:06:50.520 metal blade sign which features exposed neon will help revitalize the building to be another 00:06:50.520 --> 00:06:58.640 addition of rebirth in the area. Total improvements for this project include signage. In 2013 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 00:07:05.120 --> 00:07:12.820 improvements. Current grant guidelines allow for up to $25,000 per property. Because addresses 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 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 00:07:24.920 --> 00:07:29.200 development committee reviewed and scored the grant program application. The application 00:07:29.200 --> 00:07:35.320 received a score of 22 which allows for a recommendation of up to $10,000. Estimated 00:07:35.320 --> 00:07:43.160 expenses submitted for the new signs and the allowable project cost is $14,625. Under the 00:07:43.160 --> 00:07:49.060 grant guidelines applicants can request 50% of the allowable project costs up to $50,000. 00:07:49.060 --> 00:07:59.160 This grant request is for $7,313. The downtown economic development committee has recommended 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 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 00:08:10.800 --> 00:08:15.800 from this board to the city council. Option one is make a recommendation to the Denton 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 00:08:21.880 --> 00:08:26.400 and as recommended by the downtown economic development committee. Option two would be 00:08:26.400 --> 00:08:30.800 make a recommendation to the Denton City Council to approve the grant request but in another 00:08:30.800 --> 00:08:37.600 amount and option three would be to make no recommendation to the Denton City Council. 00:08:37.600 --> 00:08:41.460 This ends my presentation but the grant applicant Eric Polito is in attendance to answer any 00:08:41.460 --> 00:08:55.800 questions you may have. I recognize John. Eric what is the target date at this point? 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 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 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 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 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 00:09:25.320 --> 00:09:30.040 there any external issues that could prevent you guys from opening up given all the COVID 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 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 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 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 00:09:51.600 --> 00:09:58.840 but with a size down offering and operation and footprint really because we don't have 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 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 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 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. 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 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 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 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 00:10:53.720 --> 00:10:58.920 we would have done a better job of getting some of the other facade renovations that 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 00:11:04.760 --> 00:11:08.720 and obviously some of those buildings are new structures as well like where the bathrooms 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 00:11:14.640 --> 00:11:18.280 least you know get a couple of these things in there especially because it applied more 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 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 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 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 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 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 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 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 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 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 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. 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 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 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 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 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 00:13:03.280 --> 00:13:07.600 spot either and that it would maybe structure that was brought there and then we brought 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 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 00:13:19.080 --> 00:13:23.400 for an outside structure. But yeah you're correct. There's there's some history there 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 00:13:27.480 --> 00:13:35.960 little bit of money to move it. Yeah. Well I appreciate that. Thanks. Anyone else have 00:13:35.960 --> 00:13:50.760 questions. Am I accepting a motion or. So but there can be discussion after the motion 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 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 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. 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 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 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 00:14:42.960 --> 00:14:50.100 development group that I serve on but was not present for the last meeting I assume 00:14:50.100 --> 00:14:57.080 made a recommendation of the amount stated. Maybe someone could clarify as to what what 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 00:15:03.800 --> 00:15:10.600 that for. Yes. So the downtown economic development committee as you're aware scores the applications 00:15:10.600 --> 00:15:17.120 and so the average score that this application received was twenty two based on that scoring 00:15:17.120 --> 00:15:21.920 criteria and of course you know as a member of that committee that each individual member 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 00:15:27.000 --> 00:15:33.040 criteria. So the consensus again was an average of twenty two which makes the project eligible 00:15:33.040 --> 00:15:38.120 of up to ten thousand dollars. This project is was requesting less than that amount. So 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. 00:15:44.360 --> 00:15:48.000 The project expenses that were eligible were fourteen thousand. I don't have the number 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 00:15:54.360 --> 00:16:03.680 and thirteen which is 50 percent of their project expenses. Okay. I'm going back and 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 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 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 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 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 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 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 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. 00:17:06.500 --> 00:17:19.200 The next part looking at the three potential deliberations. Christina is going to share 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 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 00:17:50.640 --> 00:17:57.500 city council that concurs with the downtown economic development committee. Make a recommendation 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 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 00:18:12.420 --> 00:18:20.980 for option one to approve the amount requested of seventy three thirteen. I'll second the 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 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 00:18:53.480 --> 00:19:03.400 a question potentially some comment. So my question is under what what considerations 00:19:03.400 --> 00:19:12.960 can apply to to make the recommendation different than the requested amount if all the expenses 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 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 00:19:27.160 --> 00:19:33.680 very seriously public benefit benefit versus private benefit. We can only spend taxpayer 00:19:33.680 --> 00:19:41.080 money for public benefit and the whole purpose of the downtown TIF and the reinvestment grants 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 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 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 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 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 00:20:13.640 --> 00:20:17.360 lot of other things that they submitted for the timing had been different but such you 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 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 00:20:31.000 --> 00:20:39.120 square with the public purpose intended. Now the sign for the individual business itself 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 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 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 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 00:21:09.640 --> 00:21:15.960 or private benefit and we weigh those things that that that scale for like every parks 00:21:15.960 --> 00:21:22.880 program yeah that's an official framework that we use to evaluate things how much of 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 00:21:28.040 --> 00:21:34.520 the sign advertising your business you know strikes me as much more private benefit so 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 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 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 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 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 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 00:22:27.400 --> 00:22:32.160 downtown task force is the downtown economic development committee is the committee she's 00:22:32.160 --> 00:22:38.280 referencing and that scores the application the criteria that they score on are the criteria 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 00:22:45.360 --> 00:22:50.120 specific criteria of which they consider eligible funding so that's a they were provided that 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 00:22:57.080 --> 00:23:02.040 staff doesn't score the application we just make sure that it complies with the ordinance 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 00:23:06.920 --> 00:23:12.800 what process they go through or what evaluation they take into perspective as they score an 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 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 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 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 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 00:23:44.600 --> 00:23:54.440 that we typically award on our public benefit you know impact fees you know utility upgrades 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 00:23:58.520 --> 00:24:03.280 we're talking about utility upgrades to the building itself interior code improvements 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 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 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 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 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 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 00:24:40.760 --> 00:24:45.280 back to normal business and there's lots of people down there patronizing this business 00:24:45.280 --> 00:24:51.240 and and enjoying themselves and then spending tax dollars that spending dollars that equate 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 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 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 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 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 00:25:23.440 --> 00:25:34.120 criteria that was that in the deck she did have a slide on the project considerations 00:25:34.120 --> 00:25:38.360 at the very beginning of what are the items that could be taken into consideration but 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 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 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 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 00:26:05.560 --> 00:26:11.720 accuracy and design upgrades to utilities or impact fees increases in population interior 00:26:11.720 --> 00:26:16.400 code improvements and then there is an other category that includes partnerships with other 00:26:16.400 --> 00:26:21.440 businesses such as shared parking the project is a targeted business such as a grocery store 00:26:21.440 --> 00:26:27.200 pharmacy or a locally owned business that it promotes didn't development excuse me promotes 00:26:27.200 --> 00:26:31.160 development of Denton Arts and Entertainment and then the longevity of the business so 00:26:31.160 --> 00:26:36.480 that's the scoring sheet and then Christina included in her presentation a slide that outlined 00:26:36.480 --> 00:26:42.680 the guidance that is provided in the ordinance adopting the program and it states that projects 00:26:42.680 --> 00:26:47.440 will be reviewed and ranked with the following consideration so increase in a property value 00:26:47.440 --> 00:26:53.080 or generation of sales tax project rehabilitation that reflects historic accuracy improves the 00:26:53.080 --> 00:26:59.080 capacity of water wastewater or electric utility services provides improvements to health and 00:26:59.080 --> 00:27:04.480 safety water wastewater impact fees are assessed and the project will result in a significant 00:27:04.480 --> 00:27:09.200 increase in downtown population either day or night or other appropriate impacts may 00:27:09.200 --> 00:27:13.360 be considered on a case-by-case basis including but not limited to partnerships with other 00:27:13.360 --> 00:27:20.200 businesses targeted businesses and promotion of arts and entertainment so those are yes 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 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 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 00:27:40.960 --> 00:27:46.800 scope maybe some of those questions come into play but this is the separate grant program 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 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 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 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 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 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 00:28:51.960 --> 00:28:58.320 carries unanimously we unanimously vote yes so we'll be moving this forward as fast as 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 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 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 00:29:20.080 --> 00:29:24.360 hold a session and give staff direction regarding amendments to the downtown reinvestment grant 00:29:24.360 --> 00:29:33.640 program policy like uh jessica and christina too yes so we have a very quick presentation 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 00:29:38.120 --> 00:30:04.920 moving around i apologize for the delay here we're switching presentations all right so 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 00:30:10.760 --> 00:30:18.440 so next slide so today we'll just have the discussion and receive direction regarding 00:30:18.440 --> 00:30:25.800 updates to the downtown reinvestment grant policy next slide so to remind everyone we 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 00:30:32.640 --> 00:30:39.840 about making an amendment to the downtown reinvestment grant policy to include ada improvements 00:30:39.840 --> 00:30:45.240 as interior code improvements as eligible expenses in that category of the policy and 00:30:45.240 --> 00:30:50.720 also amend the scoring sheet to specifically list ada improvements under the interior code 00:30:50.720 --> 00:30:56.600 improvement section as an eligible scoring item the terse board provided staff direction 00:30:56.600 --> 00:31:01.280 that you wanted direction from the downtown economic development committee prior to your 00:31:01.280 --> 00:31:06.320 consideration of changes so on february 6th which does seem like a very long time ago 00:31:06.320 --> 00:31:12.640 now we actually took this item to the downtown committee and they concurred with the terse 00:31:12.640 --> 00:31:17.160 board's recommendations following that up we were scheduled to go to the committee on 00:31:17.160 --> 00:31:22.200 persons with disabilities in march that was one of the committees that was cancelled as 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 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 00:31:32.640 --> 00:31:39.400 the terse board recommendations and they appreciated being part of the process and so next slide 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 00:31:45.080 --> 00:31:50.880 policy for your consideration would be to amend the interior code improvement section 00:31:50.880 --> 00:31:57.120 and the on both the project descriptions and the scoring sheet and i have another slide 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 00:32:02.040 --> 00:32:06.560 updates which included changing the references to the downtown task force to its new name 00:32:06.560 --> 00:32:11.200 the downtown economic development committee we also updated the contact information and 00:32:11.200 --> 00:32:15.640 staff references and some of the checklist items that applicants have to go through to 00:32:15.640 --> 00:32:21.000 make sure that that information stays up to date we also provided little bits of clarification 00:32:21.000 --> 00:32:25.840 where needed nothing major just making sure that the process was clearly outlined where 00:32:25.840 --> 00:32:30.040 we had been getting questions and then we just corrected some formatting and grammar 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 00:32:36.040 --> 00:32:41.600 that this committee specifically recommended back in january which was to add the statements 00:32:41.600 --> 00:32:46.920 under the interior code improvement section that states and improvements made as required 00:32:46.920 --> 00:32:52.740 by or in accordance with the americans with disabilities act as amended so it's specifically 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 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 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 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 00:33:32.840 --> 00:33:39.720 good with it and it doesn't seem that this is something 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 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 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 00:33:54.360 --> 00:34:02.680 make a motion i'll make a motion to approve i'll second 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 00:34:09.880 --> 00:34:19.800 oh there you are yeah john i seconded uh second sorry vote yay or nay 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 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 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 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 00:35:02.120 --> 00:35:08.600 staff direction regarding the fiscal year 2020 2021 downtown denton tax increment refinancing 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 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 00:35:22.120 --> 00:35:25.880 of the presentations and the city manager's presentation in the next few weeks to city 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 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 00:35:35.800 --> 00:35:48.760 this item thank you jessica can everybody see the presentation no okay 00:35:48.760 --> 00:36:05.320 okay can you see that yes perfect so as jessica said i'm nick vincent 00:36:05.320 --> 00:36:11.000 assistant director of finance i have a brief presentation to review the 2021 proposed downtown 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 00:36:16.920 --> 00:36:20.120 could get through the presentation ask questions if that's okay with you 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 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 00:36:38.280 --> 00:36:42.520 and we are forecasting both of those to be at budget ending this fiscal year 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 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 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 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 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 00:37:14.760 --> 00:37:21.240 in assessed values in the city of denton we will receive certified estimates this coming friday 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 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 00:37:31.640 --> 00:37:37.080 the downtown terz board updated as we progress through the budgeting cycle circle back with you 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 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 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 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 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 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 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 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 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 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 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 00:38:53.800 --> 00:39:00.520 today from the terz board the denton cad will release certified estimates this friday the 24th 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 00:39:05.960 --> 00:39:10.680 for the terz district and then the proposed budget the city manager's budget as jessica 00:39:10.680 --> 00:39:14.440 had mentioned is going to be presented to the city council on august the sixth 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 00:39:31.880 --> 00:39:40.120 okay i have a question yes sir do the certified estimates consider um property 00:39:40.120 --> 00:39:48.280 owners um contesting their tax bills is this considered after that or could it be adjusted 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 00:39:54.200 --> 00:40:01.160 adjusted after this coming friday and there could possible possibility be a property still in protest 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 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 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 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 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 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 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 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 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 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 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 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 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 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 00:41:27.240 --> 00:41:36.200 okay 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 00:41:52.520 --> 00:42:01.000 so we'll look for a motion about the budget as presented 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 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 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 00:42:36.360 --> 00:42:40.280 jeward yes alissa yes 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 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 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 00:43:02.200 --> 00:43:06.120 have any changes thank you thank you 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 00:43:15.800 --> 00:43:22.600 date and we'll invite christina back for that one 00:43:25.720 --> 00:43:33.160 for staff reports openings we have a dentin sports crowd practic they're located in the 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 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 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 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 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 00:44:05.960 --> 00:44:13.160 both opened down in the former dentin record chronicle building and so they have some 00:44:13.160 --> 00:44:19.400 really great services there vinyl lounge is serving up some groovy tunes and cool cocktails 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 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 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 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 00:44:44.200 --> 00:44:51.480 scrap is now closed freaks and geeks source gaming lounge cryptozoology escape in the square 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 00:46:36.120 --> 00:46:39.560 christine is that all 00:46:39.560 --> 00:46:43.640 yes okay that's all 00:46:43.640 --> 00:46:51.240 the final order of business is concluding items is there any other business to discuss 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