[1. Open Meeting.] [00:00:11] 2026 AT THE. AND THE TIME IS 8:30 A.M. AND THIS IS THE REGULAR MEETING OF THE TAX INCREMENT REINVESTMENT ZONE. NUMBER ONE BOARD. CITY SECRETARY CRABTREE, WILL YOU PLEASE CALL ROLL. COMMISSIONER CYNTHIA LONG HERE. COMMISSIONER BOB BYLES HERE. COMMISSIONER. I'M HERE. COMMISSIONER KELSEY STONE. CHAIR MICHAEL HERRERA HERE. QUORUM IS PRESENT AND THE [ CONSENT AGENDA: ACTION] TOURIST BOARD IS ELIGIBLE TO DO BUSINESS. THE BOARD WILL CONSIDER. CONSIDER. CONSENT. AGENDA. AGENDA. ITEM NUMBER THREE. THIS IS AN ACTION ITEM. WE NEED A MOTION. MOVE. APPROVAL. SECOND. SECOND. ALL THOSE IN FAVOR, RAISE YOUR HAND. ALL RIGHT. ALL THOSE NOT IN FAVOR, RAISE YOUR HAND. OKAY. REGULAR AGENDA ITEM FOR REVIEW AND DISCUSS. TAX INCREMENT [4. Review and discuss Tax Increment Reinvestment Zone No.1 (TIRZ) property tax revenue history, multi-year revenue projections, and the Leander TIRZ Project Plan.] REINVESTMENT ZONE NUMBER ONE PROPERTY TAX REVENUE HISTORY, MULTI YEAR REVENUE PROJECTIONS AND THE LEANDER TOWERS PROJECT PLAN. CITY MANAGER TODD PARTON THANK YOU SIR. GOOD MORNING. SO IN THE EXECUTIVE SUMMARY FOR THIS ITEM THERE'S A BIT OF DATA WE HAVE PROVIDED BACKGROUND. I THINK SOME OF IT WAS SOME PRIOR QUESTIONS WITH REGARD TO THE GROWTH OF AV WITHIN THE TOURIST ZONE, KIND OF WHERE IT CAME FROM WITH THAT HISTORY, LOOKS LIKE MR. MALIK WAS ABLE TO GO BACK FOR FIVE YEARS AND REALLY BEGIN TO PULL THAT INFORMATION TOGETHER. AND I THINK A LION'S SHARE OF THE AV HAS BEEN ADDED WITHIN THIS WINDOW, EVEN THOUGH IT WAS CREATED IN OH SIX. WE'RE REALLY, IN THE LAST FIVE YEARS OR SO, HAVE REALLY SEEN THAT ACCELERATION OF AV COMING ONTO THE SYSTEM. AND SO ATTACHED IS THAT 2022 TO 2026 ASSESSED VALUE REPORT THAT WE HAVE. AND YOU CAN SEE WHERE THE GROWTH AND VALUE HAS OCCURRED. ONE OF THE THINGS WE DID WANT TO HIGHLIGHT TOO, IS THAT THE SINGLE FAMILY VALUATION, WHICH REALLY IS IN LARGE PART THE BRYSON FARMS PROJECT, BUT YOU CAN SEE OVERALL THAT SINGLE FAMILY HOMES HAVE ACTUALLY SLIGHTLY DECLINED IN TERMS OF AV ON AVERAGE, YOU KNOW, THROUGH THAT TIME PERIOD. BUT AGAIN, THAT JUST KIND OF GIVES YOU A WINDOW IN TERMS OF WHAT TYPES OF ACTIVITY AND GROWTH HAVE HAPPENED. SO FROM THERE, THE NEXT QUESTION WAS WITH REGARD TO WHAT, WHERE WE ARE WITH OUR CURRENT AV VERSUS WHAT WAS ORIGINALLY CONTEMPLATED AND PROGRAMED IN 2006 WHEN WE BEGAN, AND WE PUT TOGETHER THE CAPITAL INVESTMENT PLAN FOR THE TOURS, AND THAT PROFORMA AT THAT TIME HAD ABOUT $1.77 BILLION OF VALUATION THAT WAS PROJECTED, WHICH WAS REALLY KIND OF IT HIT THAT RIGHT AROUND 2026 OR SO AND THEN FLATTENED OUT. WHAT WE'VE ACTUALLY SEEN IS AV HAS ACTUALLY GROWN TO ABOUT THE 2.3 BILLION RANGE. SO THERE'S ABOUT A $400 MILLION VALUATION ABOVE AND BEYOND WHAT HAD BEEN CONTEMPLATED IN THAT CAPITAL PROJECTS PRO FORMA. SO THAT ORIGINAL PROFORMA AT THAT 1.77 BILLION WAS USED TO CALCULATE WHAT THE AVAILABLE FUNDS WOULD BE FOR PROJECT FUNDS. SO THAT WAS ORIGINALLY CALCULATED AT 67 MILLION OF OF PROJECT FUNDING CAPACITY AT SOME POINT UNDER THE THE ILAS AND THE MOU AND THE AGREEMENTS THAT WE HAVE BETWEEN THE CITY AND THE COUNTY, THERE WAS A DISCUSSION ABOUT IF WE HAD SOME ADDITIONAL VALUATION THAT CAME ON BOARD, THERE WAS THE ABILITY BY THE TOURIST BOARD ADMINISTRATIVELY TO AUTHORIZE ADDITIONAL AMOUNT, WHICH WAS THAT EXTRA ROUGHLY $5 MILLION. SO THAT TAKES THE TOTAL AVAILABLE PROGRAM THAT THE TOURIST BOARD ADMINISTRATIVE LOOKS AT TO FROM 67 TO 72 MILLION. SO WE RERAN NUMBERS, RERAN THAT PROFORMA, AND WE BEGAN TO LOOK AT BUILD OUT THROUGH 2031. WHAT DOES THAT LOOK LIKE? IF YOU LOOK AT THE KNOWN PROJECTS THAT ARE OUT THERE, THERE'S AN ESTIMATE AND A TIMELINE ANTICIPATED FOR THOSE PROJECTS. I WILL SAY, TOO, THAT THE PROJECT, I THINK ALSO INCLUDED THE HOTEL. I'M NOT THE HOTEL. THE. SAINT DAVID'S MEDICAL CENTER BEING CONSTRUCTED BY 2031. SO IT DOES ANTICIPATE THAT AND THAT PROFORMA. BUT WHEN YOU LOOK AT THOSE NUMBERS, WE REALLY BEGIN TO GET A FEEL FOR WHAT ADDITIONAL PROPERTY TAX REVENUES THE TOURS COULD GENERATE DURING THAT TIME PERIOD. AND IF YOU LOOK AT THOSE NUMBERS BASED ON THOSE ASSESSMENTS, THAT'S ABOUT $54.6 MILLION OF PROJECT FUNDS THAT WOULD BE AVAILABLE UNDER OUR BUILD OUT ASSUMPTION THROUGH 2031. THAT'S THAT COULD BE AVAILABLE FOR ADDITIONAL PROGRAMING AND THAT ADDITIONAL [00:05:04] PROGRAM, ANY DISCUSSION OR CONSIDERATION OF THAT WOULD REALLY BE DEPENDENT UPON, I THINK, THIS BOARD'S DISCUSSION AND THEN RECOMMENDATIONS BACK, AND THEN INDIVIDUAL CONSIDERATION BY BOTH THE CITY COUNCIL AND THE THE COUNTY COMMISSIONERS COURT TO LOOK AT WHETHER WE WANTED TO TALK ABOUT ADDITIONAL ADJUSTMENTS OR ADDITIONS TO THE PROJECT PLAN. THE. OTHER THING THAT WE LOOKED AT SO IS A PROPERTY TAX LEVY DIFFERENTIAL TABLE. WE REALLY RAN THAT TO TRY TO GET A FEEL FOR HOW A MORE MODERATE REVENUE GENERATION NUMBER COULD LOOK IF COMPARED TO THE PROFORMA BUILD OUT. SO THE BOTTOM THAT $28.2 MILLION FORECAST TO 2031 IS BASED ON THE PROFORMA. THE LOOKING AT A MORE MODEST 2.5% RATE THAT THAT DROPS TO ABOUT 13.6. SO IF YOU KIND OF SAY IF YOU JUST LET MARKET CONDITIONS HAPPEN AND YOU DON'T HAVE, YOU HAVE SLOW GROWTH AND YOU JUST KIND OF ANTICIPATE A MORE KIND OF AVERAGE INCREASE IN PROPERTY TAX VALUE, THAT'S KIND OF WHAT THAT WOULD LOOK LIKE. SO IT GIVES YOU A RANGE OF ABOUT $14 MILLION OF DIFFERENTIAL THAT COULD POTENTIALLY HAPPEN. I WILL SAY THAT THESE ESTIMATES DON'T FACTOR IN OTHER PROJECTS WHICH ARE NOW BEGINNING TO COME ON BOARD. THERE'S OTHER PROJECTS THAT ARE HAPPENING. SOME ARE PENDING, AND WE ANTICIPATE THAT THEY'RE GOING TO KICK OFF AND HAPPEN RELATIVELY SOON. SO THERE'S ADDITIONAL THINGS THAT ARE GOING TO DROP IN. WE HAVE A PRESENTATION THAT MR. MALIK IS GOING TO WALK US THROUGH TO, TO KIND OF WALK YOU THROUGH THE OVERALL DEVELOPMENT ACTIVITY AND THEN DRILLS INTO WHAT'S HAPPENING JUST PARTICULARLY IN NORTHLINE. AND THIS IS REALLY KIND OF AN EXTRACTION OF THE STATE OF THE COUNTY PRESENTATION THAT WE MADE A COUPLE OF WEEKS AGO THERE FOR THE PART OF THE CHAMBER EVENT. SO UNLESS THERE'S ANY QUESTIONS RIGHT NOW. MR. I'D LIKE TO TURN IT OVER TO RANDALL. LET'S KIND OF GO OVER SOME OF THE INFORMATION THAT YOU JUST KIND OF LAID OUT HERE. SO ONE OF THE. SO I HAVE A FEW QUESTIONS, AND I'LL GO DOWN THE LINE HERE. SO WHEN WE'RE LOOKING AT THE REAL INVENTORY HERE IN 2022, ITS APPRAISED VALUE IS 94, WENT TO 146, 135 DROPS TO 26 AND THEN WENT TO 17. CAN YOU EXPLAIN A LITTLE BIT ABOUT, YOU KNOW, WHAT'S THAT, WHAT'S THAT TREND THERE? WHAT, WHAT IS THAT YOU REPEAT? SO ON THE REAL INVENTORY, IT BASICALLY IT DROPPED AND SO DID DID THOSE PROPERTY. WHAT IS THAT. UNITS, UNITS THE THE APPRAISED VALUE. THE APPRAISED VALUE WENT FROM 94,000,000 IN 2022. PEAKED AT 146 IN 2023 AND THEN STARTED DROPPING IS NOW 717 MILLION. AND SO IT SHOWS THAT 81.9% DROP. AND SO I'M JUST BEFORE I EDUCATION. SO IS THAT A BUSINESS LEAVING? IS THAT THINGS BEING CONVERTED INTO OTHER THINGS. WHAT WHAT IS THAT. IT WOULD LIKELY BE A BUSINESS. I DON'T HAVE THE THE FACTS ON ON THAT. IT WENT FROM 758 TO 1024 UNITS TO 562 TO 100 AND 9 TO 66. SO THAT'S YEAH, I BELIEVE THAT'S CONVERSION OF LAND. SO LAND IS BEING DEVELOPED. YOU'VE GOT LOTS THAT ARE THERE. AND THEN AS IT'S CONVERTED TO DEVELOPED PROPERTIES, THEN IT COMES OFF REAL AND IT CONVERTS OVER TO ANOTHER USE COMMERCIAL AND OTHER OTHER ITEMS. CORRECT. OKAY. AND THEN LOOKING AT THIS, THE PEOPLE IN THIS AREA MIGHT NOT BE HAPPY WITH IT, BUT THE AVERAGE SINGLE FAMILY AVERAGE VALUATION. SO IT'S HARD TO SAY IF THIS IS ACTUALLY DRIVEN BY MARKET CONDITIONS, THE SIZE OF THE HOUSES BUILT, YOU KNOW, WHAT IS THE MIX AND EVERYTHING. BUT BASICALLY WE WERE AT 526 AND 2022, AND NOW WE'RE DOWN TO 455. AND WE CAN SEE THAT WHILE THE SINGLE FAMILY AND MULTIFAMILY HAVE HAVE RISEN, THEY'VE KIND OF THEY'VE KIND OF LOOKS LIKE THEY'VE KIND OF PEAKED OUT AS FAR AS NEW UNITS COMING IN, EVERYTHING WITHIN THE AREA. THAT'S RIGHT. SO IN THAT TIME PERIOD, THAT WAS KIND OF THE PEAK MARKET. SO WE WERE JUST POST COVID. WE HAD A LOT OF ACTIVITY, A LOT OF HOMES WERE BEING BOUGHT AND PRICES WERE ESCALATING. ONCE THINGS BEGIN TO COOL DOWN. AND PARTICULARLY OVER THE LAST COUPLE OF YEARS, WE'VE ACTUALLY SEEN A DECREASE IN AV ON AVERAGE PER SINGLE FAMILY HOME. OKAY. AND MY LAST THING BEFORE I KIND OF GO HERE WOULD BE SO ON THE PROJECT TAX LEVY DIFFERENTIAL. SO THIS IS ON TOP OF WHAT WE'RE ALREADY ESTIMATING, RIGHT. BUT WHAT WE'RE ALREADY DOING. SO SEE ON THE LEFT HAND SIDE YOU HAVE ACTUAL PROJECTED AND ACTUAL. THERE'S THE DIFFERENCE. AND THEN YOU CALCULATE OUT OF TAX. AND THAT TELLS YOU THE TAX ON TOP OF WHAT WE'RE ALREADY COLLECTING. IS THAT RIGHT. IT IS. AND SO THAT THAT LOOKS AT THE DELTA BETWEEN WHAT WAS ORIGINALLY PROJECTED AT THE 1.77 BILLION RANGE VERSUS WHERE WE ARE TODAY, WHICH IS THAT 2.8, 2.3 BILLION. AND THEN OUR 2.1, [00:10:08] 2.2 BILLION. AND THEN AND THEN ASSUME THERE'S ADDITIONAL DEVELOPMENT OR ADDITIONAL GROWTH IN THE AV THAT WILL HAPPEN, YOU KNOW, PAST THAT POINT. SO IN YOUR PROFESSIONAL PRO FORMA. SO WITH THE NEW CITY HALL, THAT BUILDING IS THAT IN THE PRO FORMA PERFORM, IT'S NOT TAXABLE. SO IT IT IS TAXABLE. SO THE PHASE ONE SAINT JOHN'S PIECE IS TAXABLE. OKAY. BECAUSE THAT'S A THAT'S THE CITY'S IN A LEASE IN THAT RIGHT NOW. IS THAT IN THE PRO FORMA. YES IT IS. WE WE TRIED TO ESTIMATE ALL OF ENDEAVORS EFFORTS THERE AS PART OF THE PRO FORMA AT THIS POINT. THAT'S CORRECT. AND WE TRIED TO PHASE THEM INTO WHAT'S KNOWN AT THIS TIME ON WHEN THOSE WOULD HIT ANYTHING WHERE LIKE, SO LIKE THE SENIOR ACTIVITIES THAT SENIOR, THE SENIOR LIVING PLACE IS NOT IN THE PRO FORMA THAT THE POT THAT ANYTHING WHERE THERE'S A MEMORANDUM OF UNDERSTANDING STUFF LIKE THAT. THEY'RE NOT PART OF. WE WE ESTIMATED A MODEST AMOUNT OF GROWTH IN, IN, IN NORTH LINE. SO THERE IS ANTICIPATED GROWTH THERE. WE DIDN'T TRY TO SPECIFY THOSE SPECIFIC PROJECTS THAT ARE NOT UNDER CONSTRUCTION OR ARE NOT KNOWN ON THE TIMELINES AT THIS STAGE. SO YEAH. OKAY. SO WITH THAT, THERE SHOULD BE LEASES IN PLACE, RIGHT? WHICH WOULD GIVE YOU LIKE YOUR RENT SCHEDULE. AND THEN IS SAINT JOHN'S SUBJECT TO THE CAM TAX AND INSURANCE FOR THE PROPERTY, LIKE YOUR COMMON HEARING MAINTENANCE CHARGES, THE TAXES, OBVIOUSLY THAT IT IS TAXED PROPERTY AS WELL AS THE INSURANCE PROPERTY AND LIABILITY AND. YEAH, SO ALL THOSE THINGS ARE AFFECTED IN. SO THERE'S A JOINT VENTURE THAT WILL THAT IS BEEN CREATED FOR THE BUILDING THAT THAT SAINT JOHN'S BLOCK. SO THAT'S BLOCK B OF THE NORTH LINE PIECE. AND SO IT'S SUCH JV OWNS THE LAND UNDERNEATH SAINT JOHN'S ACTUALLY OWNS THE BUILDING. AND THEN WE'RE THEY'RE THE LANDLORD. SO WE'RE LEASING FROM THEM. OKAY. SO THAT BUILDING IN TOTAL HAS ABOUT 9500 ZERO SQUARE FEET OF FLOOR AREA. THE CITY'S LEASE IS 4000. SO THE OTHER 5500 ZERO SQUARE FEET IS BEING LEASED BY OTHER COMMERCIAL OPERATIONS. SO THERE'S ONE MAJOR LEASE, ABOUT 22,000FT■!S IS A CORPORATE LEASE THAT'S COMING IN. SO SO YES, ALL THAT IS FACTORED INTO THE. SO IT'S NOT BEING IT'S NOT JUST BASE RENT. THAT'S CORRECT. THANK YOU. COMMISSIONER LONG DO YOU HAVE ANY QUESTIONS ABOUT PRESENTATION SO FAR? NOT YET. OKAY. COMMISSIONER. YES, I HAVE TWO QUESTIONS. ONE IS ON THE FIRST TABLE, THE CERTIFIED ASSESSED PROPERTY VALUES. I NOTICED THAT IT SAYS ITS APPRAISED VALUES IN THE COLUMN. IS THERE A REASON THAT WE'RE SHOWING APPRAISE INSTEAD OF ASSESSED IN THIS SCHEDULE? IS THIS ASSESSED AT THE TOP. I'LL I'LL VERIFY THE WHETHER IT'S THE APPRAISE OR THE THE ASSESSED. MY GUESS IF WE WENT WITH APPRAISE, IT WAS JUST HAVING THAT INFORMATION SOONER AVAILABLE. BUT I DO WANT TO VERIFY THAT POINT. YEAH, I JUST NOTICED IT DIDN'T TIE TO THE OTHER INFORMATION. AND MY SECOND QUESTION. THAT'S A GOOD POINT BECAUSE THIS IS WHAT IS GOING TO BE TAXED ON APPRAISED. CORRECT. AND THEN THE SECOND TABLE I JUST HAD A QUESTION. I KNOW WE'VE GOT THE NO GROWTH IN THE 2.5% GROWTH. AND THEN THE PRO FORMA IS THE PRO FORMA 2.5% PLUS ADDITIONAL PROPERTIES COMING ON BOARD. OR IS THAT A SEPARATE CALCULATION? IS THAT BASED OFF THE NO GROWTH TO THE PRO FORMA? NO. IF THOSE ARE INTERMEDIATE STEPS OR NOT, THEY'RE NOT. SO THEY'RE SEPARATE CALCULATIONS. SO ONE IS A BUILD OUT OF THE KNOWN PROJECTS WITH SOME ASSUMPTION DEVELOPMENT. AND THE OTHER WOULD BE SAY JUST JUST YOU GOT THAT. IF YOU JUST LOOK AT A MORE MODEST, MORE MODERATE ANTICIPATED ADDITION OF A B, WHAT WOULD THAT LOOK LIKE? SO AT 2.5% ADDED TO YOUR A, B YOU, THAT'S WHERE YOU LOOK AT THAT, THAT 2.5%. SO 2.5%, THE ESTIMATED INCREASE IN ASSESSED VALUE OF WHAT'S HERE NOW. YES. OKAY. SO THEN THE OTHER IS THE ADDITIONAL PROPERTIES. THAT'S CORRECT. IT SEEMS TO ME YOU'D WANT TO HAVE AN OPTION THAT HAS THE 2.5% PLUS THE GROWTH TO. WELL, I THINK THAT I HEAR YOU AND AGAIN, THAT WOULD BE AN INTERESTING EVALUATION BECAUSE WE'LL WE'LL SEE AN ESCALATION. YOU'RE RIGHT. IN TERMS OF AND IF WE'RE TALKING ABOUT WHAT WE MAY WANT TO DO, WHAT'S GOING TO BE AVAILABLE, SEEMS TO ME WE NEED TO HAVE THE RANGE. YEAH. [00:15:05] THAT'S THE ONLY QUESTIONS I HAVE. WELL, ON THAT 2.5%, THE ANTICIPATION OF THAT WOULD BE KIND OF A WORST CASE SCENARIO. SO IF YOU HAD LITTLE TO NO ADDITIONAL DEVELOPMENT THAT HAPPENED WITHIN THE PROJECT, NORTHLAND OR TOURIST NUMBER ONE, THEN, THEN THAT WOULD KIND OF BE A WORST CASE SCENARIO. THE CRYSTAL BALLS, FUZZY CRYSTAL BALLS, FUZZY. AND, YOU KNOW, HERE AS WE LOOK AT OUR FISCAL EVALUATIONS, WE ALWAYS TRY TO MAKE SURE WE LOOK AT KIND OF WORST CASE KIND OF SCENARIOS. SO YOU CAN THE WORST CASE, I BELIEVE IT WAS LAST WEEK WHEN LIBOR WAS AT 7%. IS THAT BEEN REALIZED IN THIS. I MEAN THAT'S GOING TO TAKE DOWN PURCHASING POWER OF OF HOMES AND VALUES. I'M SURE A LOT OF PRICE CUTS AS WELL, WHICH I'M ASSUMING I MEAN, WE'RE AT 455, WHICH IS THE LOWEST OVER THESE FEW YEARS. IS THAT INDICATIVE IN THAT NUMBER? MOST OF THESE ARE THE, THE PROFORMA THAT WAS CREATED WAS DONE A FEW MONTHS BACK. SO IT DIDN'T REFLECT THOSE NUMBERS. OKAY. WE KNOW HOW MUCH OF A HIT THAT WOULD TAKE ON A PERCENTAGE BASIS. COULD YOU TURN ON YOUR MICROPHONE? OH, YES. SORRY, I'M NOT USED TO THIS. I'LL GIVE YOU MY SIGN. SO DO WE KNOW WHAT THAT COULD BE? I MEAN, GIVE OR TAKE, WE WE KNOW THAT THE SINGLE FAMILY VALUATIONS ARE ARE DECREASING. INTEREST RATES CONTINUING TO RISE WILL PROBABLY RESULT IN IN THAT CONTINUING, I THINK IF YOU IF WE LOOK BACK AT THE CHART, THE TERRORIST HISTORICAL DATA, WE'VE SEEN SINGLE FAMILY UNITS CONTINUE TO TO INCREASE, WHEREAS THE VALUATIONS HAVE HAVE DECREASED. AND I DON'T KNOW WHAT THAT THAT FOR LOOKS LIKE IN TERMS OF THOSE VALUATIONS. BUT WE DO HAVE WE'LL HAVE A FEW MORE UNITS COMING COMING ONLINE AS WELL. BUT I THINK TO TO ANSWER THE QUESTION IT WILL HAVE A IMPACT. IT'S IT'S TOUGH TO TO SAY WHAT THOSE NUMBERS LOOK LIKE. DO YOU THINK IT WOULD BE BY WAY OF PROTESTING PROPERTY TAXES? DO YOU THINK WE'LL SEE AN INCREASE IN THAT OVERALL FOR COMMERCIAL AND SINGLE FAMILY? IT'S IT'S HARD TO KNOW THE. I DID ASK A DEVELOPER. THEY DO HIGHER END, YOU KNOW, SINGLE FAMILY RESIDENTIAL DEVELOPMENT. ASK THEM THE QUESTION ABOUT, YOU KNOW, WHAT'S HAPPENING WITH REGARD TO INTEREST RATES AND WHETHER THEY ANTICIPATED THERE WAS AN IMPLICATION TO THEIR MARKET AND BUILD OUT ASSUMPTIONS. THEY SAID, NO, THAT THAT THEY'RE STILL MOVING FORWARD. I DON'T KNOW SPECIFICALLY WHERE THEY ARE IN THEIR FINANCING, IF THEY'VE ALREADY GOT THAT LOCKED IN AND INTEREST RATES LOCKED IN. RIGHT. BUT IN TERMS OF THE RETAIL COMPONENT TO IT, YOU KNOW, THEY, THEY THAT DID NOT DISSUADE THEM FROM MOVING FORWARD. OKAY. SO I WILL SAY THAT, YOU KNOW, WE'VE SEEN A DECREASE OVER THE LAST COUPLE OF YEARS IN THE A B FOR SINGLE FAMILY RESIDENTIAL SPECIFICALLY. AND SO PART OF THAT MARKET CORRECTION AS IT'S KIND OF COME BACK DOWN. SO I DON'T KNOW, WE'LL JUST KIND OF KEEP TRACK OF THAT. YOU WOULD ANTICIPATE THERE COULD BE SOME POTENTIAL INCREASES. SOMEBODY ARE ARGUING THAT THERE'S MARKET CONDITIONS AND RIGHT RIGHT VALUE BUT OKAY. ALL RIGHT. THANK YOU. NO QUESTION. I'M GOOD. THANK YOU. I HAVE A FOLLOW UP FROM KELSEY'S. SO AND JUST A COMMENT. THE CHIEF APPRAISER BUILDS INTO HIS ESTIMATES AND EVERYTHING, PROTESTS AND ALL THAT. SO THAT'S SORT OF BAKED INTO THE TO THE PROJECTED NUMBERS. BUT THE, THE, YOU KNOW, KIND OF GETTING BACK TO THE FUNDAMENTALS, RESIDENTIAL WAS NEVER THE GOAL OF THIS. AND SO, YOU KNOW, THOSE NUMBERS TO ME, YOU KNOW, I MEAN, THEY'RE RELEVANT. BUT WHAT WE OUGHT TO BE LOOKING AT IN TERMS OF ANY POTENTIAL FUTURE IS COMMERCIAL DEVELOPMENT, NOT MORE RESIDENTIAL. BECAUSE LIKE I SAID, THAT THAT WAS NEVER THE GOAL OF THE TOURS WAS RIGHT. SO I JUST FEAR UNINTENDED CONSEQUENCES. YEAH. I HEAR WHAT YOU'RE SAYING. I JUST, YOU KNOW, THE, THE, TO ME, THE PRO FORMA OUGHT TO HAVE A DIMINISHED DEPENDANCE ON THE RESIDENTIAL. GOT IT. PIECE OF IT. AND, AND MORE HEAVILY ON WHAT DO WE THINK ON RESIDENT. I MEAN A COMMERCIAL AND RETAIL WITH YOU KNOW, VERY LITTLE, YOU KNOW, FLAT ALMOST ON ON THE RESIDENTIAL PIECE. RIGHT. COOL. SO I THINK THAT'S THAT IS A [00:20:07] VALID ITEM IS TO BASICALLY KIND OF KIND OF TAMP DOWN THE 2.5% ON THE ONE IN, IN THE, I KNOW WE DON'T HAVE THE, IN THE PRO FORMA, WE DON'T HAVE THAT, BUT BASICALLY JUST GO FLAT ON THAT. WE KNOW WE'RE GOING TO ADD MORE HOUSES IN THE AREA. BUT AS THIS CHANGES. AND THAT'S ONE OF THE THINGS THAT, YOU KNOW, REASON THIS WAS BUILT FOR THE COMMERCIAL DEVELOPMENT. AND WE REALLY SEE THAT COMING. AND SO WHAT WE'RE SEEING HERE IS A SIGNIFICANT GROWTH IN THE COMMERCIAL. AND WE'RE GOING TO SEE EVEN MORE OF THAT. AND SO IT ACTUALLY IS GOING TO START. IT'S THE FORMULAS HERE ARE GOING TO FLIP BECAUSE BASICALLY SINGLE FAMILY MULTIFAMILY WAS 90% OF WHAT THIS WAS IN 2022. AND TODAY IT'S, IT'S, IT'S SHRINKING. I MEAN, IT'S STILL UP THERE. IT'S STILL LIKE 65%, BUT WE'RE GOING TO SEE THIS GET TO 25, 30%, ESPECIALLY IF WE MOVE AHEAD WITH WITH THE THINGS MOVE AHEAD. I THINK ONE OF THE THINGS THAT CONSIDER IS THAT, YOU KNOW, THE 2.5% REALLY IS KIND OF AN INFLATION NUMBER. AND WHAT WE'RE SEEING IS THAT THERE'S INFLATION, WHETHER THERE'S DEMAND OR NOT, PROPERTY VALUES WILL GO UP, THE VALUE OF THINGS WILL GO UP. IN GENERAL, EVEN IF THE INTEREST RATES STAY UP. BUT ONCE WE HAVE A DISCONNECT BETWEEN DEMAND SUPPLY AND ALL THAT, THAT'S WHEN WE'LL SEE PRICES COME DOWN. AND SO SO I THINK TRYING TO PROJECT WHAT'S GOING TO HAPPEN IS VERY HARD. BUT WHAT WE WHAT WE DO KNOW IS THAT THAT, THAT THAT THEY'RE ALL LOOKING AT LEANDER. THEY'RE LOOKING TO INVEST IN LEANDER. THE QUESTION IS, WILL THEY PULL THE TRIGGER ON IT? AND CAN WE PULL THIS STUFF FORWARD INTO THIS WINDOW? OR ARE WE GOING TO WAIT TO THE NEXT WINDOW? BECAUSE RIGHT NOW THERE IS DEFINITELY A DEVELOPMENT WINDOW GOING ON IN THE CITY OF LEANDER. YOU DRIVE AROUND AND YOU CAN SEE IT, AND PEOPLE ARE DOING PROJECTS HERE AND THEY'RE NOT PIE IN THE SKY PROJECTS. THEY'RE ACTUALLY BREAKING GROUND. SO I THINK, I THINK I THINK WE'RE ON THE RIGHT TRACK. I THINK FINANCIALLY, WHEN WE LOOK AT IT, WHETHER WHETHER IT'S JUST, YOU KNOW, WHETHER WE DO NONE OF THIS, THE DIFFERENTIAL HAPPENS, WE STILL HAVE A SURPLUS. OKAY? WE STILL HAVE A SURPLUS OF, WHAT IS IT, $32 MILLION OR SOMETHING LIKE THAT OVER THE NEXT FIVE YEARS WITH JUST FLAT GROWTH. AND THIS IS ALL ON TOP OF THAT. SO THIS REALLY GETS TO LIKE, OKAY, HOW CAN I AND THIS IS WHERE THE DISCUSSION WE'RE GOING TO GO TO IS HOW DO WE DO WE LOOK AT USING THAT MONEY TO DO SOMETHING TO CREATE MORE VALUE? OR DO WE SIT THERE AND BANK IT AND GET, GET THE INTEREST ON IT, ON IT AND EVERYTHING. SO IF WE'D MOVE TO THE NEXT PART, THAT'D BE GREAT. TODD. CITY MANAGER PARDON. THANK YOU, MR. HERRERA. AND NOW I'D LIKE TO INTRODUCE MR. MALIK. ALL RIGHT. GOOD. GOOD MORNING. RANDALL. ECONOMIC DEVELOPMENT DIRECTOR IN TODAY. JUST WANTED TO GO OVER SOME OF THE PROBLEMS THAT ARE OCCURRING WITHIN THE WITHIN THE TERSE BOUNDARIES. WE'LL JUST TO NOTE IN IN GENERAL, IF YOU EVER HAVE ANY INTEREST OR WANT TO SEE WHAT'S OCCURRING IN THE COMMUNITY, WE DO HAVE A ECONOMIC DEVELOPMENT STORY MAP OF PROJECTS THAT WE DO TRY TO HIGHLIGHT AND KEEP UPDATED WITH. WITH INFORMATION. THIS PROJECTS ARE BREAKING GROUND AND IN LEANDER. IN TERMS OF PROJECTS UNDER CONSTRUCTION RIGHT NOW, HERE'S A HERE'S A LIST OF PROJECTS THAT ARE OVER 10,000FT■!S THAT ARE ACTIVELY IN THE CONSTRUCTION PHASES INSIDE THE TOURS ITSELF, WE HAVE. SIX OF THESE PROJECTS ARE WITHIN THE. THE TOURS. THE ECO SUITES .183 HERO PLAZA, HERO AND MAIN ENDEAVOR NORTHLINE AND THE 183 COMMERCIAL CONDOMINIUMS. SO THIS REPRESENTS OVER 200 ZERO ZERO ZERO SQUARE FEET OF DEVELOPMENT THAT'S ACTIVELY UNDER CONSTRUCTION CURRENTLY WITHIN WITHIN THE TOURIST AREA. JUST TO HIGHLIGHT A FEW OF THOSE, THOSE PROJECTS. AND WE TALKED BRIEFLY ABOUT THIS PROJECT A LITTLE BIT EARLIER, BUT THIS IS THE NORTH LINE OFFICES BY. SAINT JOHN'S DEVELOPMENT AT 95,000FT■!S. HER. THE THE IMAGE ENDEAVORS IS ALSO UNDER CONSTRUCTION WITH THEIR FIRST 60,000FT■!S OF OF DEVELOPMENT. AND SOME OF THOSE ANNOUNCED USERS. YOU CAN SEE AT THE, THE BOTTOM OF THE OF THE SCREEN, BUT THAT 6000 DOESN'T INCLUDE THE, THE PAD SITES THAT THEY'RE WORKING ON. SO THEY WILL HAVE ADDITIONAL DEVELOPMENT THAT THEY'LL ALSO LIKELY BREAK GROUND ON WITHIN THE NEXT YEAR. SO WE'LL CONTINUE TO SEE VALUATIONS [00:25:02] INCREASE IN IN NORTH LINE. HERE'S AN OVERVIEW OF A MAP OF WHAT IT LOOKS LIKE TO TO DATE, THE. PORTION OF THE THE SCREEN THAT'S IDENTIFIED IN IN RED IS YOUR RETAIL. THAT ENDEAVOR IS IS WORKING ON AS WELL AS THE FUTURE PAD SITES. YOU ALSO HAVE FURTHER DOWN ON SAN GABRIEL, AN ANNOUNCEMENT LAST WEEK ON A GROUP CALLED PARTNERS REAL ESTATE BREAKING GROUND ON THE NORTH LINE MARKETPLACE HERE IN IN THE SPRING, IT'S A 300 ZERO SQUARE FOOT DEVELOPMENT. SAINT JOHN'S IS OUTLINED IN THE THE BLUE CATEGORY. YOU DO HAVE THE SENIOR LIVING PROJECT. THAT'S A PENDING CONSTRUCTION. WE'RE ANTICIPATING THEM TO BREAK GROUND SOON, AS WELL AS SOME ADDITIONAL MIXED USE OPPORTUNITIES THERE. HIGHLIGHTED IN THE THE PINK KELLER. SO WHILE NORTH LINE IS ACTIVELY UNDER CONSTRUCTION, THERE IS IS MORE TO TO COME HERE HERE SHORTLY. HERE'S AN OVERVIEW OF THE PARTNERS PROJECT. AGAIN, THIS IS ON THE THIS IS ALONG SAN GABRIEL PORTION OF OF NORTH LINE THERE AT THE NORTHWEST QUADRANT. HERE AWAY PLAZA. THIS WAS ALSO A PROJECT IDENTIFIED VERY MUCH UNDER CONSTRUCTION. I THINK THEY'RE GETTING CLOSE TO TO WRAPPING UP AND WORKING ON THE TENANT IMPROVEMENTS HERE. BUT 77,000 SQUARE FOOT TOTAL. YOU'VE GOT USES SUCH AS CRUNCH FITNESS, PANERA BREAD, FIVE GUYS, CHICKEN SALAD, CHICK, ALL MOVING INTO THIS DEVELOPMENT. ALSO INCLUDED WITHIN THE CHURCH BOUNDARY IS YOU CAN SEE THE LIFESTYLE COMMUNITIES IS BUILDING OUT A 430 UNIT APARTMENT COMPLEX AS WELL. SO THEY'RE GETTING CLOSER TO TO COMPLETION AS WELL. IN FOR, FOR TODAY, I REALLY JUST WANTED TO HIGHLIGHT THOSE, THOSE GROUPS THAT WERE ACTIVELY UNDER CONSTRUCTION WITHIN THE, WITHIN THE TOURS PERIOD. AGAIN, THAT'S ABOUT OVER 200 ZERO ZERO ZERO SQUARE FEET JUST ON THE GROUND RIGHT NOW. AND WE'RE EXPECTING MORE SHORTLY WITH PARTNERS IN THE IN THE ENDEAVOR PAD SITES AS AS WELL. WITH THAT, I'D BE HAPPY TO ANSWER ANY ANY QUESTIONS, ANY QUESTIONS. OKAY, COMMISSIONER. SO, YOU KNOW, KIND OF GETTING BACK TO AT LEAST THE COUNTY'S PERSPECTIVE AS A TOURS BEING AN ECONOMIC DEVELOPMENT TOOL AND KIND OF. SO IN THAT SPIRIT, ARE ANY OF THE THINGS THAT YOU LISTED THAT THEY'RE JUST PROJECTS THAT CAME WITHOUT ANY INCENTIVES FROM THE CITY, RIGHT? THIS THE HERO PLAZA, CORRECT. NORTH NORTH LINE WOULD CERTAINLY BE. I MEAN, THAT'S OBVIOUS. YOU KNOW, THAT'S SOMETHING THAT'S THIS BOARD AND BASICALLY INCENTIVIZED. BUT OF THE OTHER ONES THAT YOU LISTED ON THE FIRST SPREADSHEET, THE 200 ARE ANY OF THOSE THINGS THAT THAT THE CITY DID ECONOMIC DEVELOPMENT DEALS WITH? I THINK OF THE SIX LISTED, IT WOULD ONLY BE THE ENDEAVOR NORTH LINE OF THE A SEPARATE FROM THE TOURS. WE WOULDN'T HAVE INCENTIVIZED THOSE. WHERE IS WHERE ARE ALL OF THESE? I'M ON THIS PAGE WITH THESE FIVE HERE. THIS IS COMMITTED. ARE THERE PLANS BEING REVIEWED? LIKE WHERE ARE THEY AT IN THE PROCESS, THE DEVELOPMENT PROCESS? IS THERE ENGINEERING DONE OR BEING REVIEWED OR HAVE CONSTRUCTION PLANS BEEN ISSUED TO CLARIFY THOSE FIVE? OR IS IT THE THE NEXT SLIDE, THE LIST? OKAY, SORRY, LET ME FIGURE OUT WHERE I AM. OKAY, HERE WE GO. SO THESE PROJECTS ARE UNDER CONSTRUCTION CURRENTLY. SO THEY'RE ALREADY IN IN CONSTRUCTION. SO SO WE FACTORED IN WATER ELECTRIC AND PUBLIC INFRASTRUCTURE AS. SO THIS PROJECT JUST HIGHLIGHTS CONSTRUCTION AND HOW MUCH SPACE THEY'RE THEY'RE DELIVERING. SO WE'RE NOT LOOKING AT THE, THE VALUE ON THIS, THIS SLIDE. THE QUESTION IS, IS SO ON THESE PRETTY MUCH THEY'RE ALL IN CONSTRUCTION. THEY ALL HAVE SERVICES TO THEM AND THEY'RE ALL THEY'RE ALL PRETTY FAR ALONG. YES. NONE OF THE ITEMS UP HERE ARE LISTED ARE UNDER MEMORANDUMS OF UNDERSTANDING OR AGREEMENTS OR ANYTHING LIKE [00:30:04] THAT. THESE ARE THINGS THAT ARE THEY'RE THEY'RE DONE DEALS. THEY JUST HAVE TO FINISH THEM OUT. YES. YEAH. THESE, THESE ARE ACTUALLY ACTIVELY BEING DEVELOPED. WHAT ABOUT THE FUTURE SQUARE FOOTAGE THAT ISN'T ONLINE YET? THERE AREN'T CONSTRUCTION PLANS ISSUED WHERE THEY CAN GO AHEAD AND START MOVING DIRT. YEAH. BECAUSE I THINK THERE'S CURRENTLY ANOTHER ACROSS THE CITY. WHAT, 4 OR 500,000 MORE SQUARE FEET, WHICH IS UNDER A REVIEW AT THIS POINT OR CONCEPTUAL, YOU KNOW, PART OF THAT, AND THERE'S A NUMBER OF PROJECTS WHICH WE HAVEN'T INCLUDED, BUT LIKE THAT, LEANDER TECH PARK PARK, I THINK, HAS A PHASE TWO THAT IS BEING CONTEMPLATED. YOU GOT THE TITAN PROJECT OFF OF 2043, GOT SOME ADDITIONAL PROJECTS LIKE THAT? YES, JUST OUTSIDE THE TOURS ON THAT ONE. YEAH IT IS. YEAH. BUT BUT THERE'S A GROWING MARKET AND THERE'S GROWING INTEREST ACROSS THE SPECTRUM. .183 IS ABOUT HALF BUILT OUT. SO THERE'S ANOTHER HALF OF THAT PROJECT STILL LEFT TO EXTEND NORTH, WHICH IS IN THE TOURS AS IT HEADS UP NORTH TOWARDS HERITAGE GROVE. SO I GUESS MY INTENT IN ASKING IS, ARE WE ARE WE CONSIDERING THE IMPACT ON PUBLIC INFRASTRUCTURE IN EXCHANGE FOR THIS ECONOMIC DEVELOPMENT? YES. OKAY. SO TO YOUR POINT, KIND OF FOLLOWING UP ON THAT, THAT'S ONE OF THE CONCERNS WE HAVE, AND THAT'S WHY WE WANT TO REALLY LOOK AT THE PROJECT PLAN AND COME UP WITH THINGS, BECAUSE THE INFRASTRUCTURE THAT WE HAVE IN PLACE, WHILE SUFFICIENT, THERE ARE SOME THINGS THAT COULD BASICALLY MOVE MORE DENSITY INTO SPECIFICALLY THE NORTH LINE AREA NEAR THE HOTEL CONVENTION CENTER, NEAR WHERE THE CITY HALL IS. FUTURE CITY HALL IS GOING IN IN THAT AREA. SO ONE OF THE THINGS TO, TO CONSIDER IS, IS THAT, YOU KNOW, WHEN YOU DRIVE AROUND THE CITY OF LEANDER, YOU GO TO YOU NEED PARKING. NOW YOU CAN DO WHAT THEY DID AT SCHEELS. YOU CAN DO WHAT THEY'RE DOING AT THE MARRIOTT OVER THERE. AND YOU CAN JUST CREATE A GIGANTIC FIELD OF STUFF. BUT THEY ALSO HAVE A PARKING GARAGE THERE. BUT OR WHAT WE CAN DO IS LOOK AT PUTTING SOMETHING LIKE A PARKING GARAGE. ONE OF THE THINGS THAT THE TOURS CAN BE USED FOR IS FOR INFRASTRUCTURE, THE WATER, AND EVERYTHING'S THERE. SO THE QUESTION IS, IS IN THIS AREA SPECIFICALLY FOR THIS AREA, IS THERE SOMETHING THERE AND THE REST OF THE TOURISM, ARE THERE OTHER THINGS THAT NEEDS TO BE DONE INFRASTRUCTURE WISE IN ORDER TO ATTRACT THOSE BUSINESSES IN ORDER TO GET THAT DEVELOPMENT GOING? SO THAT AND THAT'S THAT IS THE PURPOSE, THE ECONOMIC INCENTIVES THAT THE COMMISSIONER WAS TALKING ABOUT. WELL, MY UNDERSTANDING IS YOU CAN'T DO 380 AGREEMENTS. YOU CAN'T DO THINGS LIKE THAT. BUT WHAT YOU CAN DO IS DO REIMBURSEMENT AGREEMENTS RELATED TO INFRASTRUCTURE AND THINGS LIKE THAT. AND SO THOSE ARE THE KIND OF ECONOMIC INCENTIVES WE'RE TALKING ABOUT. BUT AT THE SAME TIME, THERE ARE THINGS THAT MIGHT NEED TO BE DONE TO IMPROVE IT, ROADS AND ALL THAT. ONE OF THE THINGS I'VE ASKED THE THE CITY TO COME BACK WITH IS, ARE SOME DIFFERENT PROPOSED PROJECT PLANS SO THAT WE CAN LOOK AT THEM AND SEE, OKAY, HOW DOES THAT FIT INTO THIS? AND HOW IS THIS GOING TO TAKE SOMETHING FROM $1 BILLION TO $1.5 BILLION IN PROPERTY VALUE TO 2 BILLION? AND CAN WE WILL IT MOVE SOMETHING FORWARD AND PULL THAT FORWARD? BECAUSE AS A CITY, I MEAN, IT'S I DON'T LIKE TALKING ABOUT TAXES AS IF IT'S OUR MONEY, BUT BECAUSE PEOPLE PAY TAXES, CUSTOMERS PAY TAXES AND ALL THAT. BUT PART OF THE REASON FOR THIS IS TO CREATE THAT ECONOMIC DEVELOPMENT, BECAUSE WE KNOW WHERE PROPERTY TAXES ARE GOING UP, THERE IS ECONOMIC DEVELOPMENT GOING ON AND PEOPLE ARE MAKING MONEY. IT'S ESPECIALLY, YOU KNOW, WITH ON THAT. SO I THINK THAT'S KIND OF WHY I ASKED FOR THIS PRESENTATION. AND, AND I THINK IT'S WORTH DISCUSSING, LIKE YOU'RE SAYING, LIKE, WHAT'S GOING ON? AND WHAT DO WE ACTUALLY NEED TO DO TO ACTIVATE AN AREA OR TO TAKE IT TO THE NEXT LEVEL? AND WHAT I FEAR IS I DON'T THERE, THERE ARE DEVELOPERS THAT ARE GOING TO COME ASK FOR THAT MONEY TO BE FRONTED AND THE WORKING CONDITIONS DO MATTER. LIBOR DOES MATTER. THE COST OF THIS MONEY IS GOING TO BE EXPENSIVE, WHICH IS AN EXCHANGE GOING TO BE EXPENSIVE FOR US. AND WHO BEARS THAT? ANOTHER, YOU KNOW, TAX ON TOP OF THE EXISTING YOU KNOW THAT WE ALREADY DO PAY. AND I'M TALKING IN TERMS OF PUDS AND THINGS LIKE THAT, WHERE WE'RE INCENTIVIZING ECONOMIC DEVELOPMENT AND WHO DOES IT BENEFIT IF WE'RE GOING IF UNEMPLOYMENT RATES ARE GOING TO INCREASE AND THE COST OF MONEY WILL TOO. YEAH. SO SO I THINK THE QUESTION IS, IS SO. THIS TERM IS GOING TO THROW OFF A CERTAIN AMOUNT OF INCOME. AND THE QUESTION IS, IS DO YOU SPEND THAT INCOME OR NOT? AND BECAUSE WE HAVE WE'RE LITERALLY 80% OF THE WAY THROUGH THE 25 YEAR TOURS, WE HAVE FIVE YEARS [00:35:04] LEFT. SO WE HAVE AND AND WHAT WE'RE SAYING IS, IS THAT WE DON'T HAVE ANY PLANS. WE'RE NOT GOING TO SPEND ANY MONEY AND WE'RE GOING TO WE'RE GOING TO SIT HERE. OKAY. AND I THINK THE QUESTION. GO AHEAD. I THINK YOU HAD. DID YOU HAVE. AND THEN I'LL GO AFTER YOU. YES, I, I KNOW WE LOOK AT SQUARE FOOTAGE AND THINGS LIKE THAT. DO YOU HAVE ANY ESTIMATES AS FAR AS EMPLOYMENT THAT WOULD BE ANTICIPATED WITH THESE IMPROVEMENTS? BECAUSE I THINK THAT'S ONE OF YOUR QUESTIONS, KELSEY, IS. YES. SO DO WE HAVE THE PEOPLE TO TO DO THIS, THE SKILLED WORKERS AND MANAGERS AND THAT COMMITMENT AND BUY IN IN GENERAL, OTHER THAN THE ACTUAL LEASE SIGNED AND A VERTICAL PRODUCT? YEAH. SO MY QUESTION IS REALLY ABOUT HOW DOES THAT AFFECT UNEMPLOYMENT? ONE OF THE CONCERNS AND IF WE'RE CREATING JOBS, THAT'S DEFINITELY A POSITIVE. IN ADDITION TO THE SPACE AND WOULD EVENTUALLY HAVE AN IMPACT ON CITY SERVICES TO. SO THE DISCUSSION HAS HELPED ME REALIZE I NEED TO FRAME MY QUESTION BETTER ON THE ECONOMIC ECONOMIC DEVELOPMENT INCENTIVES, BECAUSE, YOU KNOW, IF YOU GO BACK TO THE ORIGINAL CONCEPT OF THE TOURS, THIS WAS GOING TO BE DEVELOPMENT THAT WAS DIFFERENT. IT WAS GOING TO BE DEVELOPMENT THAT WAS MORE DENSE AND VERY DIFFERENT THAN WHAT'S ON THE GROUND TODAY. AND VERY LITTLE OF THAT HAS HAPPENED. I MEAN, NORTH LINE IS THAT WAS SORT OF THE EXCEPTION. BUT WHAT'S HAPPENING WITH ENDEAVOR THAT'S NOT DIFFERENT. THAT'S JUST PAD SITES AND MORE RETAIL STUFF. AND SO IF WE HAVEN'T GOTTEN TO THAT REALLY SPECIAL THING THAT THIS WAS CREATED FOR BUILDING MORE INFRASTRUCTURE TO DO MORE OF THE SAME, I DON'T THINK THAT'S THE CITY'S GOALS. IT'S CERTAINLY NOT THE COUNTY'S GOALS. AND THE REASON I ASKED, YOU KNOW, ARE THERE ANY OF THE FUTURE THINGS THAT IF THE TOURS WEREN'T THERE, ARE THERE ANY FUTURE PROJECTS THAT THE CITY WOULD SAY, HEY, THIS IS SOMETHING THAT WE WANT TO DO A 380 AGREEMENT ON OR SOMETHING LIKE THAT IF THE TOURS WASN'T A TOOL, BECAUSE THAT'S THE THING THAT WOULD INTEREST ME. NOT SO MUCH MORE OF I MEAN, WHILE THE, YOU KNOW, THE PROJECTS ARE EXCITING AND I DON'T WANT TO, YOU KNOW, DOWNPLAY THAT AT ALL. YOU KNOW, I'VE BEEN CLEANING OUT FILES AND I WENT BACK AND I FOUND MY ORIGINAL TOURS FILES. AND IT'S LIKE THIS OF THE RENDERINGS AND ALL THE THINGS THAT WERE BASICALLY PRESENTED THAT THE COUNCIL LONG BEFORE MIKE, YOU WERE ON IT. AND, AND EVEN BEFORE I WAS ON IT, THAT THE CITY AND THE COUNTY BOUGHT INTO. AND, AND THAT'S WHAT I WHAT NEEDS TO BE SPECIAL. SO THAT, I THINK IS WHAT WE NEED TO BE TALKING ABOUT, NOT JUST CAN WE SPEND MORE TAX MONEY FOR MORE INFRASTRUCTURE, BECAUSE GUESS WHAT? WE CAN GIVE THAT BACK TO THE TAXPAYERS. WE DON'T HAVE TO KEEP COLLECTING IT. IF THERE'S NOT SOMETHING THAT IS TRULY SPECIAL IN THE SPIRIT OF THE ORIGINAL TOURS, THEN MAYBE WE NEED TO RELOOK AND, YOU KNOW, LOOK AT THAT DIFFERENTLY BECAUSE IT'S NOT OUR MONEY, IT'S THE TAXPAYERS MONEY. RIGHT. AND I AGREE 100%. AND SO I THINK ONE OF THE THINGS IN TALKING TO THE CITY MANAGER AND RANDALL, IS THAT THERE ARE SOME SPECIAL THINGS WE CAN DO. WE WANT TO BRING THOSE BACK TO THIS GROUP AND LOOK AT THEM BECAUSE WE WE BELIEVE THERE ARE SOME THINGS THAT WILL HELP US IN THIS AREA. BUT BUT THEY CAN BE TIED TO OTHER THINGS HAPPENING BECAUSE WE WITH THIS THIS UNDERSTANDING, THIS LOI FOR THE HOTEL CONVENTION CENTER, THAT'S A VERY UNIQUE AREA. THERE'S SOME VERY GOOD POSSIBILITIES THERE, BUT WE NEED TO DO SOMETHING IN THAT AREA AND RELATED TO PARKING. AND THAT IS SOMETHING THAT THAT WOULD BE SOMETHING THAT WOULD FALL UNDER THE TOURS. IT'S SOMETHING THAT THAT THAT WOULD HELP THAT AREA. IT WOULD DRIVE, DRIVE, IT WOULD DRIVE THE DEVELOPMENT OF THAT AREA AND CREATE MORE UTILITY FOR IT. THERE'D BE VALUE FOR THE ENTIRE CITY AND ALL THAT. AND I THINK, AND I THINK YOU'RE 100% RIGHT, THAT IT NEEDS TO BE SOMETHING SPECIAL. WE DON'T NEED MORE PAD SITES. WE DON'T NEED MORE GAS STATIONS ON CORNERS THAT ARE GOING TO GO THERE REGARDLESS. WE NEED THINGS THAT AREN'T GOING TO COME. AND I THINK THAT I THINK WE ARE PREPARED FOR THAT. I THINK STAFF'S PREPARED TO PRESENT SOME THINGS LIKE THAT, AND I THINK THAT THAT WOULD BE SOMETHING THAT IF WE COULD HAVE SOME MAYBE A MORE DETAILED ITEM, KIND OF LAYING OUT THAT SPECIAL PART FOR OUR NEXT MEETING, WE COULD GO THROUGH IT AND REALLY TALK ABOUT IT, BECAUSE I DO, I VALUE YOUR PERSPECTIVE, COMMISSIONER LONG AND, AND I ENJOY, I LIKE BEING EDUCATED AND, AND THINGS. AND I WOULD LIKE US NOT TO MAKE THE SAME MISTAKES. NOW THERE [00:40:04] WERE THERE THERE WERE MISTAKES MADE BECAUSE PEOPLE GET EXCITED AND THINGS LIKE THAT. AND THEN THERE ARE MISTAKES MADE BECAUSE IT'S EVENTS TURN AGAINST YOU. RIGHT. AND SO WE CAN'T STOP EVENTS, BUT WE CAN GO AND MAKE GOOD DECISIONS, WELL INFORMED DECISIONS. AND I THINK THAT'S SOMETHING WE NEED TO LOOK AT. AND I, AND I THINK THERE ARE SOME VERY SPECIFIC ITEMS THAT WE COULD DO THAT CREATE THAT CREATE THAT VALUE IN THE TOURS AND ALL THAT. SO, AND I SEE THE RECOMMENDATIONS TO ASK STAFF TO GO OUT AND DO SOME ADDITIONAL WORK AND PROVIDE US WITH A PROJECT PLAN OR POTENTIAL PROJECT PLAN IN THE NEXT 90 DAYS. IS THAT THE WHAT WHAT DO WE DO TO DO THAT? I THINK IT'S 30 DAYS. I MEAN, WE'VE BEEN TALKING ABOUT THIS FOR MONTHS. I THINK IT'S NEXT MEETING I DON'T YES, I, SO I WOULD LIKE TO MAKE A MOTION THAT THERE'S NO MOTION. IT'S A DISCUSSION. OKAY. I WE REQUEST NOT THE ROYAL. WE WE REQUEST THAT STAFF COME BACK WITH A DETAILED PROJECT PLAN, STAYING WITHIN THE LIMITS OF WHAT THE CURRENT PROJECTED IS VALUE TO BE PUT TO USE IN THE AREA, I THINK, AND THEN COME UP WITH IT. AND THEN WE WILL EVALUATE THAT. I MEAN, PART OF WHAT WE'RE DISCUSSING HERE IS IF THERE IS A WILLINGNESS TO TO MOVE FORWARD WITH THIS, AND THEN IF WE CAN DO IT WITHIN THAT, WE CAN ALWAYS LOOK AT EXPANDING IT. IF THERE ARE OTHER PROJECTS OR THINGS LIKE THAT THAT GET PULLED INTO IT, I THINK I THINK LET'S START OUT WITH A MODEST PROJECT PLAN, SOMETHING SPECIFIC. AND I THINK THAT I THINK IT'D BE GOOD TO COME WITH THREE DIFFERENT PROJECTS WITHIN IT, AND THEN WE CAN NARROW IT DOWN TO 1 OR 2 OR DO ALL THREE SO. WELL. AND, AND, AND I WOULD SAY THAT THE PROPOSED INFRASTRUCTURE, WHATEVER THAT MIGHT BE, I MEAN, I'VE HEARD YOU MENTIONED PARKING GARAGE. IT NEEDS TO SUPPORT THAT ORIGINAL SPECIAL VISION, NOT MORE PAD SITES. AND, YOU KNOW, IT'S, IT'S GOT TO BE SOMETHING DIFFERENT. AND SO LET'S WORK A LITTLE BIT ON DEFINING, YOU KNOW, SOMETHING DIFFERENT. GO BACK AND LOOK AT THE ORIGINAL PLANS. THAT'S, THAT'S WHAT IS THAT? AND THAT'S DIFFERENT FROM WHAT'S BEEN HAPPENING. IT'S NOT DIFFERENT FROM WHAT WAS PROJECTED. SO IT'S RETAIL WITH RETAIL ON THE FLOOR, GROUND FLOOR WITH ONE FLOOR OF COMMERCIAL ON TOP OF THAT. IS THAT SPECIAL. SO I, I, I'M NOT GOING TO GET INTO GO. I'M JUST SAYING GO BACK AND LOOK AT THE ORIGINAL, YOU KNOW, AND I DON'T KNOW WHETHER YOU ALL HAVE HAD THAT, YOU KNOW, GET STAFF, SEND IT OUT TO, TO THE WHOLE THE DOMAIN. BUT, YOU KNOW, LOOK AT WHAT THE ORIGINAL INTENT WAS. AND THEN PROJECT PROJECTS THAT SUPPORT THAT IF THE COUNTY IS GOING TO BE INTERESTED IN DOING SOMETHING BECAUSE AGAIN, THIS IS THE, THE TAX DOLLARS, THE PROJECTED ONES THAT ARE GOING TO GO INTO THIS TOURS ARE MORE THAN ANY INCENTIVE. THE COUNTY'S DONE ANYWHERE. AND SO IT'S GOT TO BE SPECIAL FOR THE COUNTY TO WANT TO TAKE THAT NEXT STEP. OKAY. YES. I WAS JUST GOING TO SAY, IF THERE'S I'M ASSUMING THE HOTEL THAT'S GOING, THERE'S GOING TO BE MORE OF A BOUTIQUE TYPE HOTEL, RIGHT? NOT A FULL SERVICE OR. YEAH, FULL SERVICE OR SELECT. DO WE KNOW WE KNOW WE'RE NOT AT LIBERTY TO GO INTO A LOT OF DETAILS ABOUT THAT IN OPEN SESSION. IS IT BETTER THAN LIKE A MOTEL EIGHT. OH YEAH. THIS IT'S HOTEL. THE CONCEPT IS HOTEL CONFERENCE CENTER, SO IT'S ELEVATED HIGHER END. OKAY, SO LIKE THE DOMAIN WOULD WITH THE ARCHER OR WESTIN, SOMETHING LIKE THAT. PROBABLY HIGHER THAN THAT. OKAY, SO EVEN BETTER. YEAH. SO TO COMMISSIONER LONG'S POINT, WHAT IS GOING TO DRIVE THAT PER ROOM PRICE AND PEOPLE ACTUALLY FILLING IT UP? I'M NOT SURE WHAT WOULD DRIVE ME TO LEANDER WITH WHAT'S ON THE GROUND NOW TO STAY FOR A WEEKEND OR. AND I THINK THAT'S THE SPECIAL RESPONSE. WELL, SO SO SO THAT GETS IN. THAT'S, THAT'S THE CONVENTION CENTER PART THAT'S TIED TO THE HOTEL IS REALLY IMPORTANT TO DRIVING ACTIVITY DOWN TO THE CITY, DOWN, DOWN, DOWN INTO, DOWN INTO THAT AREA, INTO THE NORTHLAND AREA. THERE WILL BE OTHER THINGS THAT ARE GOING IN THERE THAT DO THAT. BUT, YOU KNOW, TRYING TO FIGURE OUT LIKE, WHAT IS THE STORE THAT'S GOING TO BRING PEOPLE? ARE WE GOING TO GET AN APPLE STORE OR SOMETHING LIKE THAT? THAT'S NOT REALLY, REALLY FEASIBLE AT THIS POINT, BUT I DON'T THINK AN APPLE STORE WOULD GET SOMEBODY FROM, SAY, DALLAS TO COME TRAVEL HERE. YEAH, I THINK THE CONVENTION CENTER PART BECAUSE PART OF WHERE THERE'S EVENTS AND CONCERTS OR LIKE BIG NAMES AND HEADLINERS. CORRECT? WELL, THAT WOULD BE SOMETHING THAT THAT [00:45:05] WOULD BE THE HOPE. I MEAN, WAS THAT IN THE ORIGINAL WHERE WE TALKING ABOUT BRINGING LIKE ATTRACTIONS, EVENTS AND THINGS LIKE, SAY THE HEB CENTER BRINGS RIGHT UP THE ROAD THERE. IT WAS LESS SPECIFIC. IT WAS KIND OF FOCUSED ON COMMERCIAL RETAIL AND BUILDING STANDARDS AROUND THOSE KINDS OF DEVELOPMENTS. OKAY. IT WASN'T, YOU KNOW, REALLY SPECIFIC. OKAY. I THINK, YOU KNOW, CREATING VENUES IN LEANDER IS SOMETHING THAT WE WANT TO DO. AND I KNOW RANDALL'S BEEN TALKING TO A LOT OF DIFFERENT COMPANIES ABOUT THAT, WHETHER THEY WOULD BE GOING INTO THE NORTHLAND AREA OR SOMEBODY ELSE IN THE CITY THAT WOULD. THERE'S A LOT OF DIFFERENT PLACES THEY CAN GO. THERE ARE PLACES IN THE CHURCH WHERE THEY CAN GO, AND THESE ARE THINGS THAT THAT THEY'RE ACTIVELY WORKING ON AND ALL THE TIME. AND. BUT WITHOUT, YOU KNOW, SPECIFIC PROJECTS, YOU KNOW, AND THAT WOULD BE SOMETHING THAT I, I'M NOT SURE EXACTLY. COULD YOU EXPLAIN A LITTLE BIT CITY MANAGER, ABOUT HOW THAT WOULD COME BACK TO US IN THE CONTEXT OF THIS, OR WOULD IT? WELL, SO I THINK WHAT I'M HEARING, AND THIS IS WHY IT MAY BE MORE THAN A 30 DAY EFFORT HERE, IS BECAUSE WHAT I'M HEARING IS A REQUEST FOR A LOT OF VERY SPECIFIC DATA, LIKE WHAT ARE THE JOBS IMPLICATIONS? WHAT ARE THE KIND OF THE ROI COMPONENTS OF THE ROI COMPONENTS OF THE INVESTMENT OF THESE DOLLARS? SO WHAT TYPE OF PROSPECTS ARE WE TALKING ABOUT? HOW REALISTIC ARE THEY? YOU KNOW, WHAT'S THE DIRECT AND INDIRECT IMPACT TO THESE IS WHAT I THINK I'M HEARING. YES. FROM MY OPINION THAT THAT FEELS LIKE MY OBLIGATION ON THE BOARD. AND THAT'S WHY I LOOK AT IT THAT WAY. IF WE'RE GOING TO MAKE DECISIONS WITH TAXPAYER DOLLARS, I'M A TAXPAYER. I LIVE IN BRYSON AND A TOURS, AND I THINK THAT IF THERE ARE GOING TO BE ANY SPECIAL EVENTS AND ATTRACTIONS, THEN I WOULD FOCUS ON THE TOURS LAND, NOT OUTSIDE OF TOURS. THAT'S JUST MY OPINION. AND WE ARE AND THAT'S WHAT THIS FOCUS IS. IT WILL BE INTO THAT DIRECTION SPECIFICALLY. AND SO WE'VE GOT A NUMBER OF PROGRAM CAPITAL PIECES, WHICH WE WOULD KIND OF PRESENT TO ROLL OUT IN TERMS OF THE SPECIAL NATURE OF SOME OF THESE. IT'S LIKE BLOCK B, FOR EXAMPLE, FOR SAINT JOHN, THAT'S A THAT'S FOR OFFICE TOWERS CONSTRUCTED ON THAT BLOCK. WE'RE TALKING 400 TO 500,000FT■S OF CLASS A BUSINESS PARK. THAT'S SPECIAL. THAT'S NOT HAPPENING REALLY ANYWHERE ELSE. THE HOTEL CONFERENCE CENTER IS ONE, AND THESE PROJECTS ARE GOING TO TAKE MORE CITY INCENTIVES. THE TOURS ITSELF HAS BEEN PRODUCTIVE IN TERMS OF BUILDING THE CORE INFRASTRUCTURE. BUT EVEN WITH NORTHLINE, THERE'S ADDITIONAL CITY AGREEMENTS. BEYOND THAT. THERE'S THREE 80S. THERE'S OTHER THINGS. THERE'S. SO WHAT THE TOURIST ISN'T GOING TO COVER THE CITY IS STILL GOING TO BE COVERING THROUGH IMPACT FEE REIMBURSEMENTS. WE'RE COLLECTING FEES AND OTHER PROJECTS WHICH GO BACK TO HELP REIMBURSE FOR PHASE ONE CAPITAL PROJECT IMPROVEMENTS. SO THERE ARE ADDITIONAL CITY INCENTIVES WHICH ARE LAYERED INTO THOSE PROJECTS TO BRING THOSE INTO FRUITION. AND SO I THINK TO THE COMMISSIONER'S POINT, THE CITY HAS TO HAVE THESE ELEVATED PROJECTS. YOU KNOW, YOU KNOW, WE DON'T WANT MORE KIND OF STANDARD STRIP RETAIL CENTERS. YOU KNOW, THAT'S THAT'S NOT GOING TO HELP. THE NORTHLAND PROJECT IS AN INTEGRATED PROJECT THAT HAS RESIDENTIAL, VERTICAL AND A CONCENTRATION THAT'S HELPED THE RETAIL GO, YOU KNOW, HAVE TO CREATE THE RETAIL MARKET FOR THOSE RETAIL COMPONENTS. THE THE PROJECT THAT MR. MALEK HAD PRESENTED, WHICH IS UP ON THE CORNER THAT PARTNERS PROJECT, YOU KNOW, THAT'S A PHASE ONE PROJECT WHICH COMES INTO REALLY MORE THE EXPERIENTIAL RETAIL. SO THAT'S ELEVATING THE RETAIL COMPONENT A LITTLE BIT HIGHER. AND THEN THAT'S A FIRST PHASE INTO PHASE TWO, WHICH IS ANOTHER MEDICAL OFFICE KIND OF CORPORATE CLASS, A OFFICE STRUCTURE THAT'S GOING TO GO VERTICAL. SO WE'RE, WE'RE STARTING TO SEE, I THINK, SOME OPPORTUNITIES TO DO THAT AS WE LOOK AT THOSE ADDITIONAL INCENTIVES, ONE OF THE THINGS THAT WE ARE INCLUDING ARE CONDITIONS THAT DO MEET CERTAIN LEVELS OF PROJECT. SO WE'RE NOT JUST SAYING, HERE'S, HERE'S THE MONEY, COME AND DO WHAT YOU WANT WITH THE MARKET'S GOING TO BEAR. WE'RE SAYING WE'RE WILLING TO MAKE THESE INVESTMENTS IN EXCHANGE FOR SOME ADDED VALUE. OTHERWISE JUST MARKET CONDITIONS BE MARKET CONDITIONS. AND LET'S MOVE ON. SO I THINK, YOU KNOW, WHAT WE NEED TO PRESENT TO YOU GUYS IS HOW ALL THIS IS COMING TOGETHER. AND WHAT IS THE OVERALL ECONOMIC BALANCE OF WHAT WE'RE PROPOSING TO YOU. AND I THINK WE CAN SHOW WHAT WOULD HAPPEN WITHOUT IT, AND MAYBE WHAT WE CAN DO WITH THAT INVESTMENT, KIND OF WHAT THAT TARGET, WHAT THOSE OBJECTIVES WOULD BE. AND WE'LL TRY TO PUT THOSE THOSE GRANULAR PIECES BEHIND IT SO WE CAN KIND OF WALK THROUGH AND SEE, DOES THIS HAVE THE KIND OF IMPACT THAT WE ARE LOOKING FOR IF WE INVEST THESE DOLLARS? WHEN THE TOUR STARTED, I THINK THAT WOULD BE TO TAKE IT TO THAT YOU LIST, [00:50:05] LIKE TO YOUR POINT AT THE END THERE, LIKE WE NEED TO, I WOULD LIKE TO SEE HOW DOES THAT ALIGN AS CLOSE AS POSSIBLE TO OUR INITIAL GOALS AND WHY WE DID THIS TO BEGIN WITH. YOU BETCHA. YEAH. YOU BET. SO THERE'S, YOU KNOW, IT'S FUNNY. IT SOUNDS LIKE ANYBODY REMEMBERS WHAT WE DID THIS. IT'S IN WRITING. I DIDN'T LAUGH AT YOU WHEN YOU MADE POINTS. IT JUST MEANS. YEAH, IT'S A LITTLE. I JUST. I'M SORRY. OKAY. THANK YOU. SO I THINK BECAUSE, YOU KNOW, WE. TODD, WE'VE. MIKE WE'VE MET THERE. Y'ALL HAVE A LIST OF INFRASTRUCTURE KIND OF THINGS YOU'RE ALREADY THINKING ABOUT SO THAT THOSE, YOU KNOW, THAT I THINK IS A STARTING POINT. BUT YOU KNOW, WITH THE OVERALL LOOK BACK OF DOES IT GET TO THAT HIGHER ELEVATED ORIGINAL GOAL OF AND, YOU KNOW, I MEAN, A LOT OF STUFF IN NORTH LINE DOES FOR SURE. AND THAT'S SO THAT THAT WOULD BE WHAT I AT LEAST I'M LOOKING FOR IS. AND, AND A LOT OF IT TOO. AND IT WON'T JUST BE NORTHLAND EITHER. SO, YOU KNOW, THERE'S ADDITIONAL THINGS TO THINK ABOUT. SO, YOU KNOW, ACC'S GOT A LOT OF EXTRA PROPERTY. FOR EXAMPLE, THERE'S 25 ACRE ROUGHLY PIECE OF RAW LAND THAT THEY HAVE, WHICH IS, QUOTE, EXCESS TO THEIR ORIGINAL CONCEPT BACK SEVERAL YEARS AGO WHEN THEY'RE TALKING ABOUT MAKING ACC LIKE A FOUR YEAR KIND OF CAMPUS. AND SO THERE'S BEEN A LOT OF COMMERCIAL INTEREST OF DIFFERENT DEVELOPMENT GROUPS THAT WOULD LOVE TO BE ABLE TO GET AN OPTION ONTO THAT PIECE OF PROPERTY. I'LL BE HONEST, THE THE TYPES OF OPTIONS THAT PEOPLE LOOK AT HAVE BEEN KIND OF MORE RETAIL STRIP CENTER STUFF. IT'S LIKE, SO WE WOULD, IF THOSE EVER GOT TO A LEVEL OF MATURITY OF CONVERSATION, WE'D PROBABLY ASK ACC, PLEASE, PLEASE HOLD ON TO IT. WE, WE WOULD LIKE TO WORK WITH THEM TO COME UP WITH BETTER SOLUTIONS. YOU KNOW, THE TOURS MAY PROVIDE OPTIONS IF IF IT'S EXPANDING INFRASTRUCTURE. ACC HAS BEEN A GREAT PARTNER TO DEVELOPMENT AROUND. THEY'VE MADE LAND AVAILABLE FOR ACCESS EASEMENTS. THEY THEY DID A LOT OF ADDITIONAL DONATIONS OF RIGHT OF WAY FOR HOME DEPOT, YOU KNOW, THINGS LIKE THAT. AND SO, SO THEY HAVE BEEN GOOD PARTNERS AND, AND THERE'S CONVERSATIONS THAT WE'LL HAVE WITH THEM ON WHAT THAT VISION CAN BE, WHERE WE KIND OF GO. I ACTUALLY SEEN ACC PRESIDENT, I DON'T KNOW, A COUPLE WEEKS AGO. THEY'RE WORKING THROUGH SOME, SOME ISSUES IN PFLUGERVILLE AND RIGHT NOW THAT ARE PRIORITY PROJECTS. BUT WE TALKED ABOUT GETTING TOGETHER IN NOVEMBER OR DECEMBER TO KIND OF FOLLOW UP AND BEGIN TO TALK ABOUT THE LEANDER PROJECT. SO WE'LL BE LOOKING AT THINGS NOT JUST NORTHLINE, BUT WE'LL BE LOOKING AT SOME OPTIONS AND SOME IDEAS FOR CONCEPTS BEYOND THAT POINT. THAT MAY NOT BE A PHASE ONE, BUT I'M KIND OF CONTEMPLATING, WE MAY NEED TO LOOK AT A COUPLE DIFFERENT PHASES OF TYPES OF THINGS AND TIMINGS AND THINGS. AND THEN THERE'S DIFFERENT WAYS TO TO FUND THOSE. IS IT CASH? THERE CAN BE TOURIST BONDS IF WE WANT TO CONSIDER THAT FOR PORTIONS OF SOME OF THIS. SO THOSE ARE ALL THE THINGS THAT I THINK WE WANT TO TALK ABOUT. AND KIND OF WHAT MAKES SENSE WHEN WHAT ARE THE RIGHT KIND OF TIMING COMPONENTS AND KIND OF WHAT ARE THE LIMITATIONS THAT WE WANT TO LOOK AT WITH THAT? YEAH, I THINK IT'D BE COOL TO USE ACC AS ADDITIONAL EDUCATION WHERE THERE'S A STRONG, YOU KNOW, I'M A PARENT. LEANDER ISD IS A IS A VERY STRONG EDUCATIONAL, LIKE ACADEMIC FOR PUBLIC SCHOOL. AND IT DRAWS A LOT OF FAMILIES HERE. BUT THERE'S CHARTER SCHOOLS, THERE'S THE FOUNDER OF THIS NEW AI SCHOOL, AND IT'S FOR GRADE SCHOOL UP THROUGH 12TH GRADE IS, YOU KNOW, THEY'VE GOT A GROUND UP, YOU KNOW, SPACE LIKE VALOR. I'M TALKING, YOU KNOW, THINGS LIKE THAT. THAT WOULD BE COOL TO PUT ON THEIR SITE. JUST EXTEND EDUCATION. YEAH. JUST AN IDEA. THE STAFF FEEL THEY HAVE ENOUGH DIRECTION. I THINK. SO. SO WITHIN 30 DAYS WE'RE GOING TO COME BACK WITH A PRELIMINARY CONCEPTUAL PIECE. WE'LL KIND OF PUT SOME OF THIS TOGETHER. I THINK IT'S PROBABLY GOING TO GENERATE SOME ADDITIONAL CONVERSATION, I THINK, WHICH IS FANTASTIC. BUT WE'RE GOING TO DO OUR BEST TO KIND OF PULL TOGETHER, I THINK, SOME OF THOSE DETAILS. SO WE CAN KIND OF GET AS MUCH OF A PICTURE AS WE CAN. SO I APPRECIATE THAT. ALL RIGHT. AND SO WITH THAT, WE'LL GO BACK THROUGH AND WE'LL WE'LL REAFFIRM KIND OF WHAT THESE AVE GROWTH SCENARIOS LOOK LIKE AS WELL. SO WE'LL, WE'LL CLARIFY THOSE QUESTIONS. AND SO THAT'LL BE PART OF THE, THE PRESENTATION THAT WE BRING BACK TO YOU GUYS AT YOUR NEXT MEETING. THAT SOUNDS GOOD. SO I BELIEVE WE'RE DONE WITH THIS PORTION OF OUR MEETING. SO AT * This transcript was compiled from uncorrected Closed Captioning.