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[00:00:01]

YOU ALL EXCITED ABOUT.

YEAH, THE TIME IS 5:30 AND A QUORUM IS PRESENT.

[A. CALL TO ORDER]

DR. SIMPSON, WILL YOU CONFIRM THAT THE MEETING WAS DULY CALLED AND A NOTICE OF THE MEETING WAS POSTED IN ACCORDANCE WITH THE TEXAS OPEN MEETINGS ACT? YES, SIR. MR. DILKS, WE DID POST AND ADVERTISE THIS MEETING IN ACCORDANCE WITH THE LAW.

WE WILL NOW CONVENE INTO CLOSED SESSION AS AUTHORIZED BY THE TEXAS GOVERNMENT CODE 551, SPECIFICALLY .074 PERSONNEL

[C. CLOSED SESSION]

.072. REAL PROPERTY .071 CONSULTATION WITH THE BOARD'S ATTORNEY AND .076 SECURITY.

THE TIME IS 5:30.

THE TIME IS 7:00 AND WE WILL NOW RECONVENE INTO OPEN SESSION.

[D. RECONVENE INTO OPEN SESSION]

NOW MOVING ALONG TO THE OPEN FORUM TO ADDRESS THE BOARD CONCERNING CURRENT AGENDA TOPICS.

NO ONE HAS SIGNED UP TO SPEAK AT THIS PORTION OF THE MEETING, SO WE WILL PROCEED TO THE NEXT ITEM ON OUR AGENDA.

[F. INFORMATION AND DISCUSSION ITEMS]

KATIE BOWMAN PLAZA FINANCIAL UPDATE.

GOOD EVENING. WE HAVE WILL HAINES HERE FROM COLLIERS, OUR MANAGEMENT COMPANY.

HE'S GOT A LITTLE PRESENTATION TO DO ON SOME QUESTIONS THE BOARD HAD REQUESTED INFORMATION ON ABOUT OUR PLAZA, SO I'LL TURN IT OVER TO WILL.

THANK YOU, KATIE.

I AM WILL HAINES.

I'M THE MANAGING DIRECTOR FOR COLLIERS HERE IN DALLAS.

I OVERSEE OUR EDUCATIONAL PRACTICE GROUP.

BEEN WITH COLLIERS FOR THE LAST TEN YEARS AND BEEN WORKING IN THE EDUCATIONAL SIDE FOR FOR THAT AMOUNT OF TIME TO AS WELL.

WE ACTUALLY COLLIERS PROVIDE TWO TYPES, TWO SERVICES FOR BISD CURRENTLY, WHICH IS ONE THE PROPERTY MANAGEMENT SIDE.

AND THEN I DO THE BROKERAGE SIDE, WHICH IS LEASING THE FACILITY AT BISD PLAZA.

AND SO WHAT I WANTED TO DO IS WHAT I DID WAS PUT TOGETHER A PACKAGE TO FOR YOU TO UNDERSTAND WHAT THE OPPORTUNITIES ARE THAT LIES WITH THE REMAINING SPACE AT BISD PLAZA, WHAT WHAT WE COULD DO WITH IT, AND ALSO ANOTHER ALTERNATIVE TO TO GENERATE SOME REVENUE FROM THE SPACES THAT YOU'RE NOT CURRENTLY USING OR HAVE ANY USE FOR AT THIS SPECIFIC TIME. SO WE CAN.

YOU GOT IT. OH, I GOT TO CLICK.

I DIDN'T KNOW I HAD TO.

OKAY, THIS IS JUST A LIST OF OUR TABLE OF CONTENTS, AND I'LL MOVE FORWARD AS MRS. OOPS. AGAIN, IT'S I LEAD OUR PRACTICE GROUP.

WE ARE COMPRISED OF FOUR OTHER INDIVIDUALS, RANDY GURTIS, WHO IS OUR PROJECT AND CONSTRUCTION MANAGER.

HE GOES THROUGH THE SITE AND ASSESS WHAT NEEDS TO BE DONE AND THE COST ASSOCIATED WITH IT AND THE TIMELINES.

CALVIN MOONEY, WHO IS MY ASSOCIATE.

HE'S THE ONE THAT IS FIELDING CALLS FOR LEASING.

SO IF SOMEBODY WANTED TO CHECK OUT THE SPACE, UNDERSTAND WHAT WE'RE TRYING TO LEASE IT FOR.

HE'S THE ONE THAT ACTUALLY DOES THAT ACTIVITY.

VADA IS OUR COORDINATOR AND JENNIFER IS CURRENTLY THE PROPERTY MANAGER FOR FOR THE SITE CURRENTLY.

WHAT WE DID WAS, IS WE PUT TOGETHER A COMPS MAPPED TO UNDERSTAND WHAT LEASING RENTS WOULD ACTUALLY GO FOR AT BISD PLAZA.

WE WANT TO MAKE SURE THAT WE ARE GETTING MARKET RENTS FOR THE ACTUAL SPACE.

EVERY DOLLAR THAT IS ACTUALLY GENERATED CAN GO TOWARDS WHATEVER INITIATIVES FOR BISD.

WE WANT TO MAKE SURE WE MAINTAIN THAT STANDARD ACROSS THE BOARD WITH OUR COMPETITORS WITHIN A I THINK THIS IS A THREE MILE RADIUS.

SO THESE ARE THE PROPERTIES WHERE WE ACTUALLY PULLED THE COMPS FROM TO UNDERSTAND WHAT WE COULD LEASE THE ACTUAL SITE FOR.

AND THESE ARE JUST SOME OF THE PROPERTIES THEMSELVES, JUST GIVING YOU KIND OF THE CLASS OF THE BUILDING, THE SPACE THAT IS REMAINING, HOW MUCH ARE THEY OCCUPIED AND WHETHER THEY'RE ACTUALLY ASKING FOR AND THE DISTANCE BETWEEN THE ACTUAL SITE AND`` THE OFFICE BUILDING.

WELL. YEAH.

OFFICES WITH FLEXIBLE WORKSPACES TAKING A LITTLE HIT RIGHT NOW.

WHAT WE WANTED TO DO NOW IS JUST PUT TOGETHER A KIND OF A RENT ROLL OF WHAT WE HAVE AS FAR AS LEASING TO OTHER COMPANIES, WHAT SPACE IS AVAILABLE FOR VACANT TO BE LEASED, AND THEN OBVIOUSLY A POTENTIAL SCENARIO FOR OPTION OF A GROUND LEASE OF SPACE THAT IS ACTUALLY AT THE SITE.

AND SO CURRENTLY I'VE DONE TWO OF THE ACTUAL RENEWALS AT THE ACTUAL SITE, WHICH IS NORTH TEXAS, KENNY AND PRA WINFRIED ACADEMY, WHICH WILL BE DUE FOR RENEWAL UP I THINK NEXT YEAR.

AND THEN RINA WILL BE IN, I THINK IT'S 2030.

SO WE DO HAVE A BIG CHUNK OF SPACE TO BE NEGOTIATED WITH WINFREY ACADEMY AND HOPEFULLY THAT IS SOMETHING THAT YOU ALL WANT TO DO AND AND

[00:05:04]

OBVIOUSLY BRING THAT UP TO MORE OF A MARKET STANDARD AND CONTINUE TO CONTINUE TO GET THE REVENUE FROM THAT FROM THAT SPACE THAT'S BEING UTILIZED.

WE HAVE THE VACANT SPACE, WHICH IS WHICH IS REALLY KIND OF THE FRONT DOOR TO THE ACTUAL SITE ITSELF, WHICH IS THE RESTAURANT SPACE.

AND WE HAVE TWO OTHER SMALLER SPACES THAT WERE USED FOR PROFESSIONAL SERVICES.

AND WHAT WE WANT TO DO IS WE WANT TO KIND OF REVITALIZE THAT, BRING IT BACK, BRING IT UP TO STANDARD BECAUSE IT IS SORT OF AN EYESORE TO TO THE ACTUAL SPACE, BRING IT UP TO STANDARDS AND ACTUALLY AT LEAST SET OUT TO SOME BUSINESSES THAT REALLY WANT TO HAVE SYNERGY WITH THE ACTUAL SCHOOL DISTRICT AND OTHER BUSINESSES THAT ARE IN THE THE ACTUAL COMPLEX. AND SO WE WENT THROUGH THE SPACE OF WHAT WE COULD GO THROUGH AND REALLY KIND OF MADE THE DETERMINATION OF WHAT WE COULD ACTUALLY GET FOR IT, WHAT NEEDS TO BE DONE, WHAT WE CAN ACTUALLY GET FOR THEM, AND HOW LONG WOULD IT TAKE TO GET IT UP TO SPEED? AND ALSO AND WE'LL GO TO THE NEXT SLIDE WITH THAT AND THEN ALSO A POTENTIAL GROUND LEASE.

AND I'LL SHOW YOU THE AREA THAT WE'RE ACTUALLY PROPOSING FOR THAT, TOO, AS WELL.

WE'VE SEEN A LOT OF ACTIVITY AS FAR AS RESTAURANTS, BANKS AND THINGS LIKE THAT TO BE ABLE TO COME IN AND DEVELOP A SITE AND OBVIOUSLY YOU GROUND LEASE IT AND CREATE THAT REVENUE FOR THE ACTUAL SCHOOL DISTRICT.

SO OUTLINED IN RED OR HIGHLIGHTED IN RED IS THE ACTUAL RESTAURANT SPACE AND THE TWO OTHER SPACES THAT WERE PROFESSIONAL SERVICES.

THAT'S THE ACTUAL SPACE THAT WE'RE LOOKING TO BRING BACK UP TO STANDARD, WHICH IS REALLY BRING IT TO WHAT WE CONSIDER A WHITE BOX TYPE SCENARIO.

AND WE WOULD OPEN IT COMPLETELY UP.

AND THEN AS WE GET POTENTIAL TENANTS THAT ARE LOOKING TO LEASE THE SPACE, MAYBE SUBDIVIDED OR WE HAVE A TENANT THAT COULD TAKE ALL OF THIS SPACE AND LEASE IT OUT.

AND THEN THE THE AREA OUTLINED IN BLUE IS WHAT WE WOULD CONSIDER FOR A GROUND LEASE.

THERE IS NOT A LOT OF YOU KNOW, WE WERE WE KIND OF THINKING ABOUT THIS WHO WOULD NATURALLY BE A FIT FOR THIS, YOU KNOW, SOME SORT OF QUICK SERVICE RESTAURANT LIKE A DUMB BROTHERS COFFEE OR RIFLE, BLACK RIFLE COFFEE OR SOME OTHER TYPE OF FRANCHISE THAT WOULD BE LOOKING TO TO HOUSE THE SPACE LIKE THAT. BECAUSE THERE IS A THERE IS A KIND OF A GAP BETWEEN ON THERE'S A THERE'S KIND OF A GAP WITHIN A ONE MILE RADIUS OF THOSE TYPE OF BUSINESSES.

AND SO WE WERE LOOKING AT THAT MAY BE AN OPTION TO PUT A SIGN OUT AND SAY, HEY, THIS COULD BE A GOOD GROUND LEASE, POTENTIAL GROUND LEASE FOR FOR YOU ALL.

AND OBVIOUSLY, IT WOULD HAVE TO BE A BUSINESS WITH WITH THE APPROVAL OF YOU ALL TO ACTUALLY GO THERE.

BUT IT'S JUST A BIG SPACE THAT IS JUST NOT BEING UTILIZED RIGHT NOW THAT THAT COULD HAVE POTENTIALLY SOME SOME REVENUE OPTIONS THERE.

AND IT'S ABOUT A IT'S ALMOST ABOUT 45,000FT².

SO ABOUT AN ACRE, ALMOST AN ACRE SITE.

SO IT'S A GOOD DEVELOPMENT SITE.

THIS IS JUST SOME INTERIOR PHOTOS OF WHAT THE ACTUAL VACANT SPACES LOOK LIKE RIGHT NOW BETWEEN SUITE 225 TO 30 AND 240.

AS YOU CAN SEE, IT'S, YOU KNOW, JUST PRETTY DATED SPACE.

IT'S ACTUALLY SPACE THAT YOU REALLY DON'T WANT TO REALLY WALK INTO BECAUSE IT'S NOT ESTHETICALLY PLEASING.

SO WE'RE LOOKING TO WHITE BOX THIS SPACE, COMPLETELY OPEN IT UP AND YOU KNOW, AND OBVIOUSLY LEASE IT TO A GOOD QUALITY TENANT.

AND WHAT WE HAVE HERE ON THE ON THE RIGHT HAND SIDE WHERE IT SAYS OPTION A AND OPTION B, WHEN WE FIRST INITIALLY LOOKED AT THE OPTION A IS, IS REALLY WHAT YOU KNOW, WHAT TO REALLY BRING THIS UP, YOU KNOW, DROP CEILINGS, WHITE BOX, EVERYTHING TOGETHER.

OPTION B WAS KIND OF DOING LIKE THE BARE MINIMUM.

SO THERE'S A RANGE AND I DID ARRANGE TO JUST BASED ON COST.

WE OBVIOUSLY KNOW THAT MATERIALS COSTS ARE CONSIDERABLY GOING UP.

SO WHAT WE'VE DONE SIX MONTHS AGO IS PROBABLY DIFFERENT FROM NOW.

BUT JUST WANTED TO GIVE YOU A RANGE OF WHAT IT WOULD COST TO ACTUALLY IMPROVE THE SITE AND THEN OBVIOUSLY BE ABLE TO TO LEASE IT.

AND THAT CONSIDERS THE DEMO TRASH OUT DENOTE REMOVE SIGNS, REPLACE THE STOREFRONT AND JUST PUT IT INTO WHITE BOX CONDITION.

AND THIS IS THAT'S REALLY IT JUST POTENTIAL ASKING RENT ANYWHERE BETWEEN $11 AND $15, $15 A SQUARE FOOT.

WE'RE TALKING ABOUT 11,000FT², 11 TO 12,000FT².

AND THEN CONSIDERING THE ADDITIONAL INCOME OF A GROUND LEASE, WHICH I THINK WOULD BE A NICE IDEA, WOULD ADD A LITTLE BIT MORE AMENITIES TO THE SITE AND THEN A TIME FRAME THAT WE THINK THAT WE CAN GET THIS DONE IS WITHIN A YEAR FROM THE TIME THAT THE ACTUAL SPACE IS PUT INTO A CONDITION THAT WE CAN WALK THROUGH IT IN WHITE BOX AND I'M REFERRING TO THE OFFICE SPACE OR THE FLEX SPACE.

ALL RIGHT. QUESTIONS.

DID YOU EVEN ADDRESS THE OLD THEATER, THE STAND ALONE? WHAT'S THE DEAL WITH THAT? WE HAVE NOT WE'VE NOT I THINK WHEN WE WERE WELL, ACTUALLY, I THINK HAD SOMEBODY THAT WAS INTERESTED IN THAT, I GUESS ABOUT A YEAR AGO MAYBE.

[00:10:05]

AND AT THE TIME WE WERE IN BOND PLANNING AND WE THOUGHT THAT MIGHT BE THE LOCATION WHERE WE TRY TO BUILD AROUND IT FOR THE NEW SHANNON.

SO WE HAVE NOT ACTUALLY ADDRESSED THAT BUILDING.

AND SO, I MEAN, I THINK BECAUSE OUR MASTER PLAN IS KIND OF STILL SITTING OUT THERE, WE WERE WAITING TO KIND OF MAKE THAT DETERMINATION RIGHT NOW THAT WE WANTED BECAUSE THE SPACES HE'S LOOKING AT ARE ADJACENT TO OUR OTHER TENANTS.

AND IF YOU REMEMBER THE MASTER PLAN THAT WE DID, IT GOES RIGHT UP TO THOSE SPACES.

SO THE THE THEATER WAS STILL ONE OF THOSE THINGS.

AS WE CONTINUE DOWN, WE'VE OUTGROWN SPECIAL ED, WE'VE GOT SOME DEPARTMENTS WE WANTED TO WAIT AND KIND OF SEE WHAT THE BOARD'S PLAN WAS IN THE FUTURE FOR THE REST OF THE PLAZA BEFORE WE ADDRESS, BECAUSE IT'S STILL KIND OF A MAZE IN THERE, RIGHT? IT IS. IT WAS CLASSROOMS FOR THE COSMETOLOGY SCHOOL.

SO IT'S IT'S WE'RE SAVING IT FOR FUTURE OFFICE SPACE.

POSSIBLY. POSSIBLY.

BUT YOU MENTIONED THE BLACKOUT RIGHT OUT WHERE YOU CALL IT TRASH OUT.

GET IT ALL CLEANED UP.

LOOKING AT $300,000 IN THE MIDDLE.

RIGHT. I MEAN, WOULDN'T WE HAVE TO BID THOSE SERVICES OUT AS A SCHOOL DISTRICT TO GET THAT DONE? THAT'S WHY WE'RE BRINGING THAT TO YOU.

IF YOU ALLOW US TO GO FORWARD, THEN WE WILL WE'LL DO AN RFP FOR THOSE SERVICES.

THEN WE'LL BRING THAT BACK TO YOU FOR APPROVAL.

AND WE WILL.

AND I'VE GOT ANOTHER PIECE OF THIS PRESENTATION IS JUST SHOWING YOU WHERE WE ARE ON OUR FINANCIAL SIDE IN THE MONEY THAT WE HAVE AVAILABLE.

WE'VE GOT A COUPLE OF OTHER PROJECTS THAT WE'RE GOING TO PRESENT TO YOU TONIGHT, AS WELL AS POSSIBILITIES DOWN AT THE PLAZA.

SO WHAT YOUR EXPERTISE IS TELLING US, IF WE DO THAT CLEAN UP, YOU'VE GOT A MORE MARKETABLE PIECE OF PROPERTY TO RENT OUT FOR POTENTIALLY, YOU KNOW, FIVE, TEN YEARS, WHATEVER PEOPLE WANT TO DO.

CAN YOU TELL US, YOU KNOW, HOW ARE YOU MARKETING THIS? YOU KNOW, YOU SAID YOU'VE GOT SOME SIGNAGE THAT'S GOOD.

I MEAN, BUT HOW ARE YOU MARKETING THIS PROPERTY TO PEOPLE? SO THE THERE'S SEVERAL WAYS.

OBVIOUSLY, THERE'S SIGNAGE, THERE'S BLASTS THAT WE SEND OUT TO THE MARKET.

BUT ONCE YOU DO THAT, YOU NOW ACTIVATE THE MARKET TO NOW SAY THAT THIS IS AVAILABLE.

AND SO WHAT WE'VE DONE IS, IS WE REALLY KIND OF PUT THAT ON PAUSE UNTIL WE ACTUALLY FIGURE OUT WHAT WE WANT TO DO WITH THE SPACE, BECAUSE WE DO JUST RIGHT NOW, WE DO GET A LOT OF INQUIRIES. WE THE LAST ONE WAS THE APPRAISAL, THE TARRANT APPRAISAL DISTRICT THAT WANTED THE SPACE WITHIN THERE.

SO BUT WE CAN'T DO ANYTHING UNLESS THE SPACE IS, YOU KNOW, OBVIOUSLY IN A CONDITION WHERE YOU CAN WALK IT AND THEN OBVIOUSLY BE ABLE TO KIND OF MEET THE CLIENT'S NEEDS OF BEING ABLE TO SUBDIVIDE IT. BECAUSE RIGHT NOW WE JUST HAVE LIKE THREE DIFFERENT SPACES THAT ARE CHOPPED UP IN IN DIFFERENT I MEAN, THAT'S A RESTAURANT SPACE.

I MEAN, THAT IS THAT THAT'S GOING TO BE A COMPLETE OVERHAUL OF A SPACE TO BRING IT BACK TO THE CONDITION THAT IT WAS BEFORE.

AND IT'S REALLY DANGEROUS TO WALK IN THERE.

THEY CAN'T BRING ANYONE THROUGH THAT SPACE RIGHT NOW.

SO BECAUSE BECAUSE OF THE CONDITION OF IT, IT'S IN SUCH BAD CONDITION.

THE OLD PONCHO'S SO WHAT WE'D LIKE TO DO IS GET THE GO AHEAD TO GO AHEAD AND START MOVING TO GET THE WHITE BOXING TAKEN CARE OF.

WE'LL BRING A BID BACK FOR YOU TO APPROVE.

AND I'LL SHOW YOU THE FINANCIAL STUFF HERE IN JUST A FEW MINUTES.

BUT WE'RE REALLY TRYING TO GIVE YOU KNOW, THIS IS A UNIQUE SPACE BECAUSE MOST PEOPLE WHO OWN COMMERCIAL PROPERTY WANT TENANTS IN ALL THE TIME.

AND I'VE HAD TO HOLD WELL BACK BECAUSE HE'LL HAVE SOMETHING.

I'M LIKE, HANG ON, I'M NOT SURE WHAT WE'RE DOING YET.

SO WE WE ACTUALLY HAVE IDENTIFIED WE KNOW THAT THAT SPACE WE'RE NOT GOING TO USE.

SO WE'D LIKE TO GO AHEAD AND CONTINUE THAT INCOME COMING IN FOR THAT PORTION OF THE SPACE UNTIL THE DISTRICT DECIDES WHAT THE BOARD DECIDES, WHAT WE'RE GOING TO DO WITH THE REST OF THE PROPERTY, BECAUSE THIS PIECE WAS SPECIFICALLY NOT IN THE MASTER PLAN THAT WE COMPLETED A COUPLE OF YEARS AGO.

AND IS THE OLD THEATER IN OUR MASTER PLAN NOW? NO, IT'S NOT.

WHY NOT TURN HIM LOOSE TO DO THE SAME THING THERE? WE CAN. WE CAN.

BUT I THINK, AS MISTER KUNKEL WAS MENTIONING, I THINK WHEN WE FINALLY KIND OF START LOOKING AT WHAT THE NEEDS ARE, OUR SPECIAL ED PROGRAM, AND I THINK AS WE'VE MENTIONED, EVEN IN PART OF THE BUDGET DISCUSSION, THAT PROGRAM IS GROWING GREATLY AND WE'RE HAVING TROUBLE FINDING WE DON'T HAVE ENOUGH SPACE IN THE BUILDING CURRENTLY TO HOUSE ALL OF THE STAFF AND ALL OF THEIR STUFF.

AND SO WE'VE BEEN BRAINSTORMING ABOUT OTHER OPTIONS TO MAKE SURE THAT WE HAVE A PLACE TO PUT ALL OF THOSE STAFF.

IT'S JUST IT'S JUST A BIG PROGRAM.

SO THAT'S WHY WE HAD HELD OFF.

BUT YOU KNOW, AT ONCE WE KIND OF KNOW WHAT'S HAPPENING.

IF WE NEED TO PUT THAT ONE OUT FOR RENT, WE CERTAINLY CAN.

I THINK BECAUSE IT'S ON EITHER SIDE OF THE PLC AND WITH THE PARKING, WE DO HAVE A PROJECT THAT WE BRING IN TO TALK TO YOU BECAUSE WE BROUGHT IT A YEAR AGO ABOUT REDOING THE PARKING LOT, BUT WE'VE STRUGGLED TO FIND THE BEST SOLUTION.

SO WE'VE GOT A COUPLE OF THINGS TO TALK TO YOU ABOUT THIS EVENING.

BUT WE YOU KNOW, EVEN THE PARKING LOT AND EVERYTHING AROUND OVER BY THE THEATER IS NOT IN GREAT SHAPE.

[00:15:03]

AND THE THEATER WILL REQUIRE QUITE A BIT OF WORK AS WELL.

AND THERE'S SOME CLEANUP THAT WILL WOULD LIKE TO DO IN THE THEATER AREA BEFORE IT'S EVEN RENTABLE.

BUT WE DIDN'T BRING THAT TONIGHT.

WE WERE KIND OF FOCUSED ON THESE OTHER PIECES THAT ARE RIGHT UP AGAINST THE CURRENT TENANTS.

SINCE WE'RE TAKING IT OUT THERE, COULD THAT NOT BE LIKE AN ALTERNATE TO ADD THE THEATER TO IT? AND WHO'S DRAWN THESE SPECS UP OF WHAT WE'RE GOING TO DO? WELL, I THINK THE ARCHITECT GOING TO DO THAT OR WHO WE DO THAT THROUGH, WE HAVE PART OF OUR CONTRACT WITH COLLIERS IS TO TO HELP WITH ALL THAT OVERSEE THOSE PROJECTS.

SO THEY'LL WORK WITH OUR TEAM A LITTLE BIT.

BUT YES, THEY'LL BE DOING ALL OF THAT AND DOING ALL THE OVERSIGHT.

NOW WE HAVE TO USE OUR VENDORS, SO IT'S A LITTLE DIFFERENT.

WE HAVE TO DO OUR KIND OF PROCUREMENT BECAUSE WE'RE STILL THE SCHOOL DISTRICT, BUT THEN THEY WILL BE OVERSEEING THE PROJECT.

THEY HAVE PROJECT MANAGERS TO TAKE CARE OF ALL THAT.

AND THEN IF AND WHEN WE GET TENANTS, WHATEVER WORK THE TENANTS DO, THEN THEY WILL OVERSEE THE WORK THAT THE TENANTS DO IN THE SPACES AS WELL.

THE TENANT FINISH OUT? YES, SIR. AT THEIR EXPENSE.

THAT'S RIGHT. I NOTICED ON THE WAY OVER HERE IN THAT PARKING LOT, THERE'S 15, 20 WORK TRUCKS.

WHAT ARE ALL THEY PARKED THERE? WE'RE ALLOWING THEM TO USE IT FOR SOME UTILITY WORK WITH TRIMMING TREES AND POWER LINES AND PARKING OVERNIGHT AND THINGS.

THAT'S RIGHT. WE'RE ALLOWING THEM TO USE THAT.

SO JUST TEMPORARILY ONCOR.

I REALLY WOULD LIKE TO THROW THE THEATER IN THERE AS AN ALTERNATE.

SOME PEOPLE WOULD WANT A STAND ALONE, YOU KNOW? AND THAT'S AN ASSET THAT'S BEING UNUSED.

AND, YOU KNOW, WE'RE GOING TO DO THE OTHER THREE SPACES.

YOU KNOW HOW MANY SQUARE FEET THAT IS? 11,680. HOW MANY SQUARE FEET IS THE THEATER? I THINK IT'S LIKE 12,000FT² MAYBE.

YEAH, ABOUT 12,000FT².

I THINK I JUST WANT TO PREFERENCE IT THAT THAT'S A COMMITMENT BECAUSE NOBODY'S GOING TO COME IN THAT SPACE AND REALLY WANT IT FOR A SHORT PERIOD OF TIME.

SO IF YOU'RE GOING TO PUT THAT OUT THERE, IT'S GOING TO BE A PRETTY I'M SAYING, A FIVE, SEVEN YEAR COMMITMENT MAYBE WITH SOME OPTIONS.

BUT YEAH, THERE'S GOING TO BE A COMMITMENT FOR IT JUST JUST IN CASE.

IF YOU DON'T NEED IT, IT'S GOING TO BE PRETTY MUCH THE TENANT.

BUT YEAH, I MEAN, I'M WILLING TO LEASE ANY SPACE THAT IS THAT YOU, YOU KNOW, YOU WOULD ALLOW AND THAT'S BEEN PART OF THE PROBLEM AS WELL.

YOU KNOW, IF WE ESPECIALLY THE SPACES THAT ARE IN THE MASTER PLAN, EVEN THOUGH WE HAVEN'T HAD THE FUNDING TO DO THE RENOVATIONS IN ORDER FOR A TENANT TO COME IN, THEY'RE GOING TO WANT AT LEAST A TEN YEAR LEASE.

AND SO WE'VE BEEN HESITANT TO DO ANYTHING THAT GETS THAT BUILDING COMMITTED WHEN THERE MIGHT BE SOMETHING THE BOARD WANTED TO DO.

SO THAT'S WHY WE IDENTIFIED THIS SPACE.

WE CERTAINLY WANT TO CONTINUE ON WITH THE CURRENT TENANT SPACES WE HAVE.

I WILL SAY THAT WILL WAS WORKING ON A DEAL TO RENEW THE CHARTER SCHOOL.

AND I THINK WITH THE LEGISLATIVE SESSION RIGHT NOW, THEY'VE DECIDED TO PUT THAT ON HOLD.

SO NOT SURE EXACTLY THEY MAY BE WAITING TO SEE WHAT FUNDING LOOKS LIKE FOR THEM AS WELL.

I DON'T WANT TO LET TEN YEARS GO BY AND THE THEATERS STAY EMPTY THE WHOLE TIME.

THAT'S NOT USING OUR ASSETS LIKE WE SHOULD.

WE'LL DO IT AS AN ALTERNATE, MR. DAVIS, AND THAT'LL GIVE US A LITTLE TIME TO EVALUATE JUST A LITTLE BIT MORE ABOUT IF THERE'S GOING TO BE ANY NEED.

OBVIOUSLY, ANYTHING YOU DO IN THAT SPACE, THERE'S GOING TO BE REQUIRED A LOT OF STUFF GETTING UP TO CODE BECAUSE IT'S BEEN A WHILE SINCE ANYONE'S OCCUPIED THAT SPACE.

SO WE'RE TALKING ABOUT JUST THE CLEANING IT UP, GETTING IT READY TO BE RENTED.

YEAH. NO, JUST YEAH.

AGAIN, THEY GO AND DO SOME THINGS, YOU KNOW, IT'LL BE A CODE COMPLIANT BUILDING, BUT IF THEY DO THEIR OWN FINISH OUT, WHATEVER ELSE THEY DO THAT'S ON THE TENANT.

YEAH. I MEAN EVERY EVERYTHING IS, IT'S A NEGOTIABLE, THAT'S A NEGOTIABLE ITEM FOR SURE.

BUT TO GET IT TO WHERE IT'S A SPACE WHERE YOU CAN ACTUALLY WALK SOMEBODY THROUGH IT, YOU KNOW, THAT'S, THAT'S WHAT WE DISCUSSED AND THAT'S WHAT WE LOOKED AT, TOO, AS WELL.

ALL RIGHT. ANYBODY DOWN HERE? WELL, THAT SOUNDS VERY POSITIVE.

TAKING SOME SPACE THAT'S NOT BEING UTILIZED, CLEANING IT UP AND AND MAKING IT INTO AN ASSET.

SO. SO ARE YOU GUYS GOOD WITH US MOVING FORWARD WITH MORE OF THE THE NICER NOT THE JUST BARE MINIMUM, BUT MAYBE DOING THE THE OTHER PIECES OF THIS, THE LARGER WHATEVER THAT WAS? I DON'T KNOW. LET'S GO BACK OPTION.

YEAH. I THOUGHT YOU WERE GOING TO GIVE US THE FINANCIAL A AND B, I THOUGHT YOU WERE GOING TO.

YES, SIR. WELL, THEN I'LL WAIT AND GET THAT.

WHY DON'T YOU DO THAT? LET'S DO THAT FIRST.

OKAY, PERFECT. YEAH, IF WE CAN.

WILL HAS A BASKETBALL FINAL GAME TONIGHT, AND HE'S THE RINGER ON THE TEAM.

AND IF WE COULD LET HIM MAYBE GO TO THAT GAME, AND THEN I CAN LET HIM KNOW WHAT WE DECIDE LATER.

IS HE GOING TO WEAR THOSE SHOES? OH, YEAH, DEFINITELY.

DEFINITELY. THOSE.

THOSE ARE WINNERS.

THANK YOU. I'M SURE HIS TEAM IS SUFFERING RIGHT NOW BECAUSE HE'S NOT THERE.

IF THAT WOULD BE OKAY. AND THEN I'LL FILL HIM IN, IF THAT'S OKAY.

ON THE ON THE REST OF.

HE DID NOT ASK THAT, BY THE WAY.

I VOLUNTEERED THAT.

SO THERE'S NO WAY.

[00:20:02]

ALL RIGHT. YEAH, I KNOW. WELL, I THINK WE'RE DONE WITH WILL, BUT I WANT I WANT TO SAY THIS IN HOMAGE TO RALPH.

WHEN WE GET THIS SPACE CLEANED UP, WAIT TILL WE GET OUR HANDS ON YOU.

OH, THAT'S BAD.

I THINK THAT'S A SLAM DUNK.

YEAH. THANK YOU, WILL.

I'LL LET YOU. I'LL EMAIL YOU TOMORROW, OKAY? OKAY. HE'S TALL, ISN'T HE? FIRST TIME I EVER SAW HIM, HE CLIMBED OUT OF A TINY LITTLE CAR AND HE JUST KEPT CLIMBING AND KEPT CLIMBING.

I THOUGHT, WOW.

WHAT? WHAT? WELL, WAIT A MINUTE.

WHAT IS YOUR HEIGHT? IS IT SIX, NINE? I'M SIX, EIGHT, SIX, EIGHT.

OKAY. SORRY. I WAS AN INCH OFF, THAT'S ALL.

PLAYED BASKETBALL. OH, THANK YOU.

THANK YOU. ALL RIGHT, SO JUST A LITTLE MORE INFORMATION.

SO CURRENTLY OUR CASH BALANCE IS AROUND TWO AND ONE HALF MILLION DOLLARS.

OUR ESTIMATED MONTHLY EXPENSES.

AND THIS IS A LITTLE LOW.

I THINK HE WAS SHOWING YOU THAT OUR RENTS AROUND 80,000.

AND OF COURSE, WE HAVE TO PAY FOR A GOOD PORTION OF THE EXPENSES AROUND THAT PLAZA.

THERE ARE THINGS THAT HAPPEN WITH THE I WANT TO SAY GARDENING.

WHAT DO YOU CALL IT? THE LANDSCAPE LANDSCAPE.

I'M TIRED TONIGHT.

LANDSCAPING. THERE IS TRASH, THERE'S SOME UTILITIES, JUST SOME DIFFERENT THINGS LIKE THAT.

SO AND THEN EACH YEAR IN THE BUDGET, WE HAVE SOME SMALL PROJECT, WHETHER IT'S TRIMMING TREES.

SO I'VE JUST KIND OF GIVEN YOU AN ESTIMATE.

WE DON'T PAY TAXES.

I'LL SAY THAT THE TAXES ARE ASSESSED TO THE TENANTS, THE PROPERTY TAXES, AND THEY'RE SPECIFICALLY ALLOCATED JUST TO THEIR SPACES.

SO TARRANT APPRAISAL DISTRICT, WE HAVE THE PROPERTY DIVIDED BETWEEN OUR OUR LAND.

WE KEEP THE LAND AND WE HAVE OUR SQUARE FOOTAGE AND THE VACANT SPACES AND THEN THE TENANTS HAVE HAVE THEIR OWN.

SO, SO RIGHT NOW, I MEAN, WE'RE IN GOOD SHAPE.

WE HAVEN'T HAD TO HAVE A WHOLE LOT OF EXPENSES.

NOW, I WILL SAY ABOUT A YEAR AGO WE DID BRING TO YOU SOME PARKING LOT AS YOU HAVE PROBABLY BEEN SEEING.

THE TARRANT COUNTY GUYS HAVE BEEN OUT THERE FILLING POTHOLES.

THEY'VE DONE A GOOD JOB. THERE'S BEEN CHUNKS OF THE PARKING LOT.

THEY'VE HAD TO PULL UP AND REFILL.

WE'VE BEEN LOOKING FOR JUST THE RIGHT SEALCOATING TO PUT ON THAT PARKING LOT.

NOW FOR A YEAR WE'VE BEEN OUT VISITING STREETS AND ROADS AND JUST TWO DAYS AGO, JOHN ACTUALLY DISCOVERED ANOTHER OPTION.

SO WHILE I HAD PREPARED TO BRING YOU REALLY AN OPTION TONIGHT THAT WE WANTED TO BRING BACK AT A LATER BOARD MEETING, EITHER THIS MONTH OR NEXT MONTH, WE STILL HAVEN'T.

I'VE GOT SOME PICTURES HERE.

WE NOW HAVE SOMETHING CALLED A SLUR.

WHAT'S IT CALLED? SLURRY SEAL.

SLURRY SEAL.

AND IT ACTUALLY LOOKS PRETTY GOOD.

WE'RE INVESTIGATING NOW BECAUSE THE COUNTY'S TOLD US THEY REALLY DIDN'T HAVE A SOLUTION FOR US OTHER THAN REALLY PUTTING A ROAD SURFACE IN.

AND WITH WOMEN'S HIGH HEELS, I WALKED ON IT.

IT WAS NOT GOING TO BE A GOOD THING BECAUSE WE HAVE A LOT OF WOMEN THAT WALK ACROSS THAT PARKING LOT.

SO WE ACTUALLY MAY BE ABLE TO LOOK AT THIS OTHER OPTION ON THE SLURRY SEAL.

BUT JUST TO LET YOU SEE WHAT THIS OTHER PIECE LOOKS LIKE, WE WOULD WE WOULD ACTUALLY BREAK IT UP INTO PIECES BECAUSE WE WOULD HAVE TO WORK AROUND, YOU KNOW, OUR TENANTS AND THE DIFFERENT AREAS.

BUT THIS IS WHAT THE SEAL COATING WOULD LOOK LIKE NOW.

SOME OF THE CRACKS WOULD STILL SHOW, BUT THIS WAS KIND OF WHAT WE'RE LOOKING AT.

AND WE STILL MAY COME BACK WITH THIS, BUT WE WANTED TO LOOK AT THE SLURRY SEAL AS WELL AND JUST SEE AND THEN WE'LL RESTRIPE.

BUT THAT'S WHAT WE'VE BEEN WAITING ON.

WE HAD TO GET ALL THE POTHOLES AND CRACKS TAKEN CARE OF.

SO I THINK IT'S GOING TO, IF WE GET THAT THOSE IMPROVEMENTS IN THOSE KIND OF FRONT SPACES AND EVEN IF WE GET THOSE TENANTS IN, I THINK WE'RE GOING TO SEE WITH THE PARKING LOT, IT'S REALLY GOING TO IMPROVE THE APPEARANCE.

OF THE BUILDING DOWN THERE BECAUSE WE DO HAVE QUITE A FEW PARKING ISSUES.

SO DO YOU WANT TO TELL YOU WANT TO TELL US A LITTLE BIT ABOUT SLURRY SEAL? SURE. I WILL TELL YOU A LITTLE BIT ABOUT IT.

OKAY. I'M JUST FINDING OUT ABOUT IT MYSELF.

SO, YOU KNOW, WHEN WE GOT STARTED ON THIS PROJECT, WE WERE OUR OBJECTIVES WERE LET'S HAVE IT LOOK GOOD WHEN WE FINISH AND LET'S PROTECT AS MUCH AS WE CAN.

SO WE'VE ALL SEEN WE'VE ALL SEEN PARKING LOTS WHO DO THIS.

AND ONE OF THE THINGS THAT THAT WE WERE LOOKING AT IS BEING ABLE TO SEAL ALL THE CRACKS, YOU KNOW, LIKE GRAPEVINE HIGHWAY.

NOW YOU GO DOWN IT AND IT JUST LOOKS LIKE A BUNCH OF SNAKES ON THE ON THE ROAD.

BUT THE PROBLEM IS YOU CAN DO THAT.

BUT THEN IF YOU COME BACK WITH SEAL COATING VERY SOON AFTER THOSE START REAPPEARING AND IT JUST WOULD BE UNSIGHTLY.

SO IT WAS LIKE, WELL, YOU KNOW, THAT'S THAT'S PROBABLY NOT GOING TO NO ONE'S GOING TO REALLY LIKE THE APPEARANCE OF THAT VERY WELL.

SO AND THEN RECENTLY, TOM RUTLEDGE WITH TNP, I'M SORRY, INTRODUCED US TO THE SLURRY SEAL THAT THEY HAD

[00:25:09]

USED OUT IN BARTONVILLE.

SO WE WENT OUT TO SEE WHAT THAT IS.

WELL, THEY INSTEAD OF COATS, THIS GOES DOWN IN COURSES.

SO IT'S, YOU KNOW, I'M GOING TO GUESS A COURT IS A COURSE IS ABOUT THE THICKNESS OF PEA GRAVEL SOMETHING LIKE THAT.

SO IT YOU KNOW IT HAS SOME BODY TO IT AND YOU CAN DO ONE COAT OR ONE COURSE TWO COURSE.

AND SO THAT'S WE JUST HAVE A LOT OF THINGS TO, TO LOOK AT AND CONSIDER.

TOM EMPHASIZED SO IMPORTANT TO GET THE CRACKS SEALED BECAUSE UNLESS YOU DO THAT, YOU'RE REALLY MAKING YOUR EARTHEN SUBGRADE VULNERABLE AND THAT'S HOW YOU GET POTHOLES AND EVERYTHING DEVELOPED.

SO PERSONALLY, I'M KIND OF LEANING TOWARDS THE SLURRY SEAL.

IT SOUNDS LIKE IT'S GOING TO HAVE A IT'S GOING TO BE A MORE DURABLE SURFACE, LONGER LASTING.

BUT IS IT EVERY FIVE YEARS, EVERY TEN YEARS, EVERY 15 YEARS? WHAT'S THE REPLACEMENT ON THE SLURRY SEAL? IT MAY BE IN THE MAYBE IN THE TEN RANGE, MAYBE SO.

SOMETHING LIKE THAT.

THE DILLON BARTONVILLE, WAS IT A PARKING LOT OR WAS IT A STREET? IT WAS STREETS LIKE GREEN OAKS AND POST OAK IS THE AREA WHERE, IF YOU'RE FAMILIAR WITH THOSE STREETS, IT'S A MORE SOLID THAN WE WENT OUT TO A HIGHWAY TO SEE WHAT THE COUNTY COULD LAY FOR US ON A COUNTY HIGHWAY.

AND IT WAS MORE LIKE BIGGER ROCKS.

AND SO IT HAD LITTLE EVEN THOUGH IT WAS SOLID.

IT JUST I WAS JUST LOOKING AT THINKING ABOUT PEOPLE WALKING BACK AND FORTH TO THEIR CARS.

AND I WAS CONCERNED ABOUT THAT.

YEAH, THAT'S THE CHIP SEAL, YOU KNOW, THAT WE'VE ALL SEEN GOING DOWN THE HIGHWAYS, YOU KNOW, AND THE COMING BACK.

OH, IT'S AWFUL. BICYCLE.

AWFUL. AWFUL. YEAH, RIGHT.

I ENCOURAGE YOU TO TALK TO THE CITY OF NORTH RICHLAND HILLS.

THEY RESEALED MY CUL DE SAC LAST YEAR.

OKAY. IT IS AS SMOOTH OF A SURFACE AS I'VE EVER SEEN.

WE'LL DO THAT.

AND THE CITY, THEY DO IT EVERY YEAR.

THEY. THEY TELL YOU WHAT STREETS THEY'RE GOING TO BE REDOING AND WHAT METHODOLOGY THEY USED.

OKAY. THAT'S IN NORTH RICHLAND HILLS AND I'LL GIVE YOU THE STREET ADDRESS.

BUT IT WAS AN AMAZING SMOOTH SURFACE THAT THEY DID.

AND IT WAS QUICK, YOU KNOW.

YOU KNOW, WE THOUGHT OUR GO TO WAS GOING TO BE THE COUNTY ON THIS.

AND WE WERE WE WERE SURPRISED AND DISAPPOINTED THAT THEY DIDN'T REALLY DO THAT BECAUSE THEY HADN'T FOUND.

AND OF COURSE, AGAIN, YOU KNOW, THEY'RE TALKING ABOUT ROADS AND, YOU KNOW, THEY GET A LOT OF WEAR.

AND SO THEY JUST COULDN'T GET EXCITED ABOUT ANY OF THE OF THE OVERLAYS.

YEAH. YEAH. SO I'LL, I'LL DO THAT.

MR.. DAVIS THANK YOU.

BUT WE'LL BE BACK WITH A RECOMMENDATION OF SOME SORT SOMETIME IN THE NEXT FEW MONTHS HOPEFULLY TO GO AHEAD AND START A PLAN FOR GETTING THE PARKING LOT REDONE.

AND THEN LET'S SEE, I THINK I SKIPPED OVER SOMETHING.

SO THE SPACES WHICH WE JUST TALKED ABOUT, WHICH WILL HAVE A RANGE OF 250 TO 3 60 DO YOU ALL HAVE ANY OPINIONS ABOUT THAT NOW THAT WE'VE KIND OF LOOKED AT THE FINANCING? BECAUSE WE WE DO STILL HAVE MONEY COMING IN AND THAT COULD HELP US GENERATE ADDITIONAL REVENUE IF WE GET THOSE SPACES UPDATED.

OR DO YOU ALL HAVE ANY PREFERENCE OVER DOING JUST THE VERY BASIC BARE MINIMUM OR GOING IN AND ACTUALLY MAKING THE SPACE LOOK MORE DECENT WITH CEILINGS AND ALL? ANY THOUGHTS ON THAT? GO AHEAD, JOE. IT SEEMS A LITTLE BARE BONE, KATIE.

I MEAN, WE JUST WE'VE JUST GOT CASH BALANCE AND ESTIMATED INCOME.

DO YOU DO YOU HAVE PROJECTS FOR THAT? 2.5 MILLION? I MEAN.

NO, SIR. ONLY THE PARKING LOT RIGHT NOW.

SO WE WE HAVE A PROJECT GOING ON RIGHT NOW WHERE WE'RE DOING SOME ROOF WORK, I KNOW, ON THE TECH BECAUSE ALL WE WITH THIS MONEY WE'RE RESPONSIBLE FOR REALLY THE ENVELOPE.

THE BUILDING AND THE LAND.

AND SO WE HAVEN'T HAD ANY MAJOR PROJECTS.

NOW, IF WE HAD SOME KIND OF RENOVATION THE BOARD WANTED TO DO, WE CAN ALWAYS TAKE SOME OF THAT MONEY AND USE FOR ANYTHING EXTERIOR IN THE BUILDING.

AND HAVE WE ALREADY STARTED THE TECHNOLOGY BUILDING ROOF WORK? DID WE DO SOME REPAIRS OR SOMETHING ON THE TECHNOLOGY ROOF? BUT WE'VE ALREADY DONE THAT, RIGHT? YEAH. SO THERE WAS A SMALL AMOUNT THAT WE USED TO GET THAT ROOF UP TO DATE, BUT NOTHING LARGE.

NO. CAME OUT OF THIS THOUGH, SIR.

YES, SIR. YES, SIR. ANYTHING THAT'S ON THE ENVELOPE OF THE BUILDINGS.

WE'RE USING THE THE PLAZA MONEY.

DO YOU HAVE LIKE A TARGET AMOUNT THAT YOU WANT TO KEEP? ALWAYS FOR, YOU KNOW, WE PROBABLY NEED TO KEEP AT LEAST $1 MILLION.

YOU KNOW, THE THE TENANTS ARE RESPONSIBLE FOR ANYTHING INSIDE THEIR BUILDING.

RIGHT? RIGHT. BUT WE'RE RESPONSIBLE FOR ROOFS, YOU KNOW, DOORS, YOU KNOW, WINDOWS, THOSE KIND OF THINGS.

SO WE JUST I JUST WANT TO MAKE SURE I MEAN, I LOVE, YOU KNOW, ME, I LIKE THE BIGGER THE BETTER.

I LIKE THESE THESE LARGE NUMBERS.

BUT I THINK IF THERE'S SOME PROJECTS THE BOARD WANTS TO DO, I DON'T HAVE A PROBLEM.

BECAUSE IF WE DO THE PARKING LOT, WHICH IS PROBABLY GOING TO RUN US A MINIMUM OF HALF A MILLION, MAYBE A LITTLE BIT MORE AT LEAST IF WE DO THE SEAL COATING.

[00:30:07]

AND THEN WITH THAT OTHER I MEAN, WE'RE GOING TO SPEND ABOUT PROBABLY $1 MILLION OF THAT MONEY, BUT WE'VE GOT CONTINUOUS MONEY COMING IN.

SO I DON'T HAVE AN ISSUE WITH THAT.

I MEAN, I THINK BETWEEN 1 AND 1 AND ONE HALF MILLION IS A GOOD NUMBER BECAUSE I CAN'T SEE US HAVING ANY MAJOR THINGS HAPPEN DOWN THERE FROM THAT REGARD.

BUT IT'S JUST REALLY WHAT THE WHAT THE BOARD WOULD PREFER.

SO, OKAY, I WOULD THINK THAT WE SHOULD GO AHEAD AND AND DO THE HIGHER NUMBER BECAUSE THIS IS MONEY.

I MEAN, WE HAVE TO USE THIS MONEY IN THE BUILDING.

IT'S NOT TAXPAYERS MONEY.

IT'S MONEY GENERATED BY THE PROPERTY.

AND THAT'S ALL WE CAN USE IT FOR.

SO I WOULD THINK IT WOULD BE BETTER TO GO AHEAD AND MAKE IT LOOK AS GOOD AS POSSIBLE SO WE CAN GET RENT.

AND EVERY TIME WE GET A RENTER IN THERE, THEN OUR PERCENTAGE OF THE MAINTENANCE GOES DOWN BECAUSE THERE'S ANOTHER PERSON IN THERE TO PAY PART OF THE LANDSCAPING AND UTILITIES, ETCETERA.

THAT'S CORRECT. WITH WITH ONE ONE ISSUE THAT RICHARD HAD BROUGHT UP THE AND I'M NOT OPPOSED TO IT, BUT AS AS AN ALTERNATIVE HAVING THE COST ALSO FOR THE THEATER AND I GUESS YOU WERE CONSIDERING THAT THAT WOULD COME BACK TO US AGAIN TO POTENTIALS MAY RENT IT OUT.

NO NO I MEAN I MEAN ARE WE IF IF SHE TAKES KIND OF A STRAW POLL AND WE SAY, YEAH, WE'RE FINE WITH THE BIGGER NUMBER, ARE WE JUST TALKING ABOUT WHAT WAS PRESENTED BY COLLIER TONIGHT OR.

YES. YES, SIR.

AND THEN THE IF WE WANT TO DO A FEW UPDATES AND THE UPDATES THAT THE THEATER WERE SMALL, THE BIGGEST PART OF THIS IS THAT PONCHOS, BECAUSE IT'S IN SUCH BAD CONDITION, THEY CAN'T EVEN TAKE PEOPLE THROUGH IT.

NO, LET'S.

OKAY, SO YOU INTERPRET IF YOUR STRAW POLL WAS.

YES, WE'RE ENCOURAGING YOU TO GO FORWARD.

YOU'RE INTERPRETING THAT TO MEAN JUST THE ONES CALL YOU'RE PRESENTED TONIGHT.

CORRECT. AND THEN AN ALTERNATE FOR THE THEATER.

IF WE WANT TO LEASE OUT THE THEATER.

AND YOU WOULD BRING THAT BACK TO US, CORRECT? OKAY. THEY'LL COME BACK BECAUSE THEY'RE LARGE ENOUGH.

WE'LL DO A BID FOR THOSE PROJECTS AND COME BACK FOR APPROVAL.

AND I DON'T WANT TO GO DOWN THIS BECAUSE THAT'S NOT WHAT THIS IS FOR.

TO NOT REALLY. BUT JUST QUICKLY, ARE YOU SAYING THAT YOU MAY NEED TO NEED THAT THEATER FOR SPEED PROGRAM EVEN WITH THE NEW KUNKEL PLACE GOING IN? YES, SIR. YES, SIR.

THE KUNKEL PLACE IS MAINLY FOR STUDENTS.

IT'S FOR THE STUDENTS THAT WE HAVE UP AT THE SHANNON BUILDING AND FOR SOME OF OUR EMOTIONALLY DISTURBED CLASSES THAT WE HAVE OUT ON THE CAMPUS.

HAVING A MORE CENTRAL LOCATION FOR THOSE KIDS.

THE THE THINGS THAT WE'RE TALKING ABOUT IS REALLY JUST, YOU KNOW, PLACES FOR THOSE STAFF BECAUSE WE REALLY WE BUILT IN A FEW OFFICES THERE, BUT IT REALLY WASN'T BUILT FOR STAFF. IT WAS MORE BUILT FOR STUDENTS.

OKAY. SO. OKAY.

AND THERE'S A POSSIBILITY, MR. TOLBERT, WHEN THE BOARD GETS READY TO MAYBE DO MORE RENOVATIONS DOWN AT THE BUILDING, WHAT WE COULD POSSIBLY DO IS IN SOME OF THE SPACE WE ALREADY HAVE LAID OUT FOR ANOTHER DEPARTMENT, MOVE THAT DEPARTMENT INTO THE SPED SPACE AND THEN RENOVATE A DIFFERENT SECTION OF THE MASTER PLAN FOR SPED.

SO THAT MAY BE OUR BETTER OPTION BECAUSE SPED MAY WANT TO BE IN ONE SPACE BY THEMSELVES AND WE'VE GOT PLENTY OF SPACE, SO THAT MAY BE OUR ALTERNATE.

IT'S JUST I THINK THEIR PROGRAM IS JUST SO LARGE AND AS YOU SAW FROM THE LAST MEETING, IT'S GETTING LARGER.

KATIE I THINK JUST FOR FOR EVERYONE'S CLARIFICATION, WHEN YOU COME BACK TO THE BOARD, YOU'LL ASK FOR APPROVAL FOR THE BIDS FOR THE PRESENTATION BY COLLIER'S TONIGHT, PLUS THE WHAT WE'RE CALLING THE OLD THEATER AS AS AN ALTERNATE OR AS AN ADDITION DURING THE SAME PRESENTATION.

SO HOPEFULLY THAT ANSWERS ECONOMY OF SCALE THERE FROM A CONTRACTOR.

I CAN DO THAT AND THAT.

THEN WE MAKE THE DECISION, THE ITEMS HE PUT TOGETHER FOR THE THEATER, BECAUSE WE HAD IT IN A DIFFERENT DISCUSSION WITH WILL.

THEY WEREN'T LARGE, IT WAS SMALL.

SO IT'S NOT GOING TO BE A LOT.

I THINK THEY'RE GOING TO REMOVE THE COUNTER IN THE FRONT.

YOU KNOW, THE THINGS THAT MADE IT LOOK LIKE A THEATER, SOME OF THAT FRONT AREA.

SO IT WASN'T A LOT OF THINGS.

AND I'M SORRY TO KEEP, BUT I JUST I JUST WANT CLARIFICATION.

I THINK YOU BROUGHT UP A GOOD POINT WHEN HE SAID THAT ONCE YOU LET THE MARKETPLACE KNOW HE DOESN'T WANT TO DO THAT UNLESS WE'RE COMMITTED.

EXACTLY. AND SO SO IF IF WE DECIDE TO DO IT, THEN THEN I THINK THAT'S THAT'S SIGNALING TO HIM WE'RE NOT GOING TO SAVE THIS FOR SPEED OR ANYTHING ELSE. I THINK THERE'S OTHER PLACES DOWN THERE NEAR THE BED THAT'S ALREADY THERE.

OKAY. I JUST WANTED TO MAKE SURE THAT WAS OUT ON THE TABLE.

YEAH, WE GIVES US OPTIONS, RIGHT? AND THAT WAS ONE REASON WE HELD OFF ON THE THEATER REALLY JUST AS A RENTABLE SPACE BECAUSE WE JUST DIDN'T KNOW EXACTLY WHAT WHAT PLANS WE HAD WHEN WE WERE DOING BOND PLANNING LAST YEAR. YEAH, I THINK IT'S VERY REASONABLE.

AGAIN, JUST TO REITERATE, WE WERE HOLDING OFF ON THAT CONVERSATION UNTIL THE BOND COMMITTEE WAS FINISHED WITH ITS WORK, AND THIS IS THE FIRST OPPORTUNITY WE'VE HAD TO COME

[00:35:06]

BACK AND HAVE THAT DISCUSSION. BUT I THINK WHEN SHE COMES BACK, THEN WE'LL COME BACK WITH BIDS FOR THE PROJECT IN TOTAL.

YES, WE WILL.

OKAY. THE LAST THING I HAD ON THIS TOPIC, I WAS ASKED TO PUT TOGETHER AN AN ESTIMATE FOR FINISHING OUT THE PLC BUILDING.

NOW, THIS IS JUST THE BUILDING WHERE WE CURRENTLY HAVE OUR PLC BUILDING 100.

THERE'S 22,000FT² OF UNFINISHED SPACE.

WE HAD AN ESTIMATE THAT IRENE PUT TOGETHER THAT WAS BASED ON THE WISDOM CENTER BID.

AND THEN WE ACTUALLY HAD LEE LEWIS GO DOWN AND TOUR THE BUILDING, AND THEY CAME UP WITH JUST A TINY BIT HIGHER, NOT A WHOLE LOT.

IRENE WAS PRETTY MUCH ON WHAT LEE LEWIS FEELS LIKE THE COST WOULD BE.

SO THE CONSTRUCTION COST AND THEN ALL THE OTHER THINGS THAT GO ALONG WITH IT.

SO ABOUT 9.7 MILLION TO FINISH OUT THE PLC BUILDING.

AND WHAT WOULD THAT BUILDING BE USED FOR? WELL, THE WAY WE HAD IT LAID OUT INITIALLY, IT WAS GOING TO HOUSE WE WERE GOING TO HAVE ANOTHER LARGE MEETING SPACE SIMILAR TO WHAT WE HAVE.

AND WE USE THAT SO MUCH BE FOR ROOMS. THEY COULD BE USED FOR BOARD MEETINGS IF YOU WOULD LIKE, BUT THEY ALSO COULD BE DIVIDED UP INTO MEETING SPACES.

IT HAD THE CABINET MEMBERS, IT HAD COMMUNICATIONS, IT HAD ACCOUNTABILITY.

WE HAD OUR TESTING WAREHOUSE.

THAT'S WHAT THE MASTER PLAN HAD.

WHAT WOULD WHAT WOULD TAKE TO MOVE FORWARD WOULD BE THE BOARD ASSIGNING AN ARCHITECT TO COME BACK AND START PICK THE DRAWINGS BACK UP, BECAUSE ALL WE HAD WAS REALLY A MASTER PLAN.

AND THERE IS SOME NOW THAT WE'VE COMBINED SOME OF THE CURRICULUM DEPARTMENTS, THERE'S PROBABLY TOO MUCH SPACE AND SOME OF THE HALLWAYS THAT WE COULD ENCLOSE AND ACTUALLY GATHER, GAIN MORE SPACE IN THAT AREA AND MAYBE EVEN PUT SOME MORE DEPARTMENTS IN THAT SPACE.

SO THAT'S WHAT WAS IN THE MASTER PLAN FOR THE PLAZA FOR THAT, FOR THE PLC BUILDING.

AND REMIND US OF THE FUNDING SOURCE.

WELL, THAT'S A GOOD QUESTION.

WE DO HAVE AROUND $9 MILLION LEFT IN THE 2018 BOND THAT WE'RE HOLDING RIGHT NOW IN CASE WE NEED IT FOR ANY OVERAGE ON THE ELEMENTARY SCHOOLS OR ANY OF THE BIG PROJECTS. ONCE THOSE ARE COMPLETED, THAT WOULD BE AN OPTION.

CERTAINLY IF THERE ARE SOME ANY EXTERIOR THINGS THAT NEEDED TO BE DONE, WE COULD TAP IN A LITTLE BIT IF WE HAD ANY TO THE PLAZA MONEY AND THEN, YOU KNOW, FUND BALANCE IS AN OPTION.

AND WHAT OTHER SOURCES OF REVENUE THAT WE HAVE IN OTHER FUNDS IN THE DISTRICT.

SO IN MY MIND WE'VE HAD A PRESENTATION ABOUT THIS BEFORE.

I FORGOT COMPLETELY ABOUT IT UNTIL WE GOT THE PACKET.

BUT YOU'VE REMEMBERED AND YES, SIR, CONSTRUCTION COSTS ARE NOT GOING TO GO DOWN.

THAT'S CORRECT. NO, OUR DEMAND AND USE OF THAT FACILITY IS GOING TO CONTINUE TO RISE.

WE'RE DON'T FORGET, WE'RE TRANSFERRING A SUBSTANTIAL AMOUNT OF MONEY.

WE DON'T HAVE A NAME FOR IT YET.

BUT TO A SPECIAL PROJECTS FUND, THOSE FUNDS COULD BE USED ONCE WE GET THE GOOD HARD NUMBERS ON THE TWO ELEMENTARY ELEMENTARY SCHOOLS.

THAT WILL BE OUR BIGGEST OUTLAY.

ONCE WE KNOW THOSE NUMBERS, WE'LL SEE IF THERE'S HYPOTHETICALLY THERE'S STILL 5 MILLION LEFT.

WE'RE HALFWAY THERE.

AND THEN MAYBE USE SOME OF THAT SPECIAL PROJECTS OVER THERE.

WE COULD FINISH IT OFF.

SURE. AND BUT WE'RE STILL LOOKING.

IF WE TELL THEM, FINE, GO HIRE IRENE AND GET THE PROJECT GOING, LOOKING AT TWO YEARS BEFORE IT WOULD HAPPEN.

SO I'M IN FAVOR OF GOING FORWARD NOW BECAUSE CONSTRUCTION COSTS ARE NOT GOING TO GET CHEAPER FOR US AND OUR DEMAND AND WHAT'S GOING ON IS ONLY INCREASING.

YOU MENTIONED JUST THE ONE ISSUE OF THE SPECIAL ED, WE'VE GOT THAT SPACE.

WE'RE BLESSED TO HAVE THAT MUCH SPACE TO WORK WITHIN, SO LET'S TAKE ADVANTAGE OF IT AND GOING DOWN THE ROAD.

I THINK IT'S TIME. YES, IT WILL TAKE US TWO YEARS BEFORE WE HAVE A WE OPEN IT BACK UP.

SO WOULD YOU LIKE US TO COME BACK WITH AN ACTION ITEM FOR ASSIGNING AN ARCHITECT TO THAT PROJECT? I'M IN FAVOR OF THAT.

I MEAN, MY FIRST THOUGHT IS, IRENE, DID THE MASTER PLAN WORK, RIGHT? YES. IF Y'ALL CAN WORK SOMETHING OUT THERE, MEAN TALK TO DR.

STINSON, TOO.

WE GOT SCOTT NIVEN'S EXPERTISE NOW TO HELP US OUT HERE.

AND I AGREE. IRENE KNOWS THE BUILDING AND SHE AND SHE KNOWS THE HISTORY OF IT AND MOVING FORWARD WITH AT LEAST DISCUSSIONS AND FIRST PHASES OF THAT PROJECT COULD HELP US OUT WITH THE WITH THE SPACE THAT WE NEED FOR THE SPECIAL ED EMPLOYEES AS WELL, BECAUSE WE COULD WE COULD TRADE SOME SPACES WITHIN WITHIN BUILDINGS.

WELL, ONE THING TO THE CMA PROCESS HAS BEEN SO SUCCESSFUL AND LEE LEWIS ACTUALLY CAME UP WITH THIS ESTIMATE.

[00:40:06]

SO WE MIGHT FIND A WAY TO I DON'T KNOW IF WE CAN TAP THAT INTO THAT BECAUSE THE GMR PIECE, YOU KNOW, WAS JUST FOR THE BOND.

BUT WE IF WE COULD DO THAT, IT WOULD BE TO OUR ADVANTAGE TO HAVE GO AHEAD AND PULL LEE LEWIS INTO THAT AS WELL, IF THAT'S POSSIBLE.

SO THEY'VE GOT TWO CONTRACTS NOW, RIGHT? THEY DO. WELL, THEY MIGHT GET A THIRD ONE.

YEAH. I JUST DON'T KNOW WHAT THE CAPACITY FOR THEM OR IRENE.

ALL WE CAN DO IS ASK, RIGHT? ARE Y'ALL THINKING AS SOON AS THE MAY MEETING OR SHOULD WE WAIT TILL JUNE? I DON'T SEE ANY REASON NOT TO TURN.

IT'LL TAKE A WHILE TO GET THE DESIGN DONE.

THIS IS MAY.

WE'D BE LUCKY IF WE HAD DESIGN ON THE STREET FOR BIDS IN OCTOBER.

JOHN, YOU'VE BEEN IN AN ARCHITECT'S OFFICE BEFORE.

THAT'S A REASONABLE ASSESSMENT.

FIVE, SIX MONTHS FOR THAT TYPE OF WORK.

PROBABLY. PROBABLY DOES COME BACK TO CAPACITY, THOUGH.

YEAH, BUT IF YOU'VE GOT A CMRR WORKING WITH THEM AT THE BEGINNING, IT MIGHT.

WELL, WE'LL CERTAINLY HAVE SOME CONVERSATION.

SO WE'LL EITHER COME TO THE MAY MEETING OR THE JUNE MEETING SINCE WE'VE PRETTY WELL EARLY JUNE MEETING ALSO.

PARDON ME, WE HAVE AN EARLY JUNE MEETING.

THAT'S CORRECT. OKAY.

THE JUNE 5TH MEETING.

OKAY. AND I THINK WE'RE AHEAD OF THE GAME, TOO, BECAUSE, AGAIN, IRENE IS VERY FAMILIAR WITH THE PROJECT AS SHE AS SHE DID PHASE ONE.

OKAY. THANK YOU.

ALL RIGHT. MOVING ON ALONG TO THE BUDGET WORKSHOP, DR.

STINSON. YES.

THANK YOU VERY MUCH.

IF MISS BOWMAN IS READY, WE WILL MOVE FORWARD WITH PRESENTING SOME INFORMATION THAT YOU HAVE PREVIOUSLY SEEN.

BUT WE WOULD LIKE TO REITERATE THAT ONE MORE TIME, AS WE KNOW THAT THIS BUDGET PROCESS IS REALLY A YEAR LONG PROCESS.

AND SO AS WE ARE NEARING THE END OF THIS YEAR AND MOVING INTO NEXT, WE WANTED TO TO FINALIZE SOME CONVERSATIONS AND AND JUST REITERATE SOME INFORMATION ONE MORE TIME. SO I'M GOING TO TURN IT OVER TO KATIE BOWMAN.

ALL RIGHT. SO TONIGHT, ON YOUR AGENDA FOR CONSIDERATION, AS WE DISCUSSED AT THE LAST WORKSHOP, WE HAVE THE EMPLOYEE RETENTION PAYMENT OPTION FOR THE BOARD.

WE HAVE OUR ESSER THREE FUNDING THAT WILL EXPIRE IN SEPTEMBER OF 24.

WE DO HAVE ADDITIONAL FUNDS AVAILABLE DUE TO OUR EXPANDED SUMMER SCHOOL FOR THE THREE SUMMERS WE'VE NOT HAD AS MANY STUDENTS PARTICIPATE AS I MENTIONED LAST TIME THAT WE HAD ANTICIPATED.

AND WE'VE ALSO, THROUGH THE SUPPLANTED AND NEW POSITIONS, HAVE HAD VACANT POSITIONS SIMILAR TO WHAT WE'VE HAD IN THE GENERAL FUND.

STAFF RECOMMENDS PROVIDING AN EMPLOYEE RETENTION PAYMENT IN OCTOBER FOR EMPLOYEES EMPLOYED BY AUGUST 31ST.

AND SO WHAT WE DID IS WE EXPANDED THAT TIMELINE THROUGH THE END OF AUGUST BECAUSE WE WANTED TO CAPTURE EMPLOYEES WHO WERE COMING TO WORK FOR US THIS SUMMER. AND IF THEY STAY WITH US THROUGH OCTOBER THE 13TH, THEN IN THE LAST PAYROLL IN OCTOBER, THEY WILL GET A $750 PAYMENT.

WE WANTED TO BE ABLE TO USE.

THAT REALLY IS AN OPPORTUNITY TO LET OUR CURRENT STAFF KNOW HOW MUCH WE APPRECIATE THE WORK WE'RE DOING, BUT THEN HAS AN INCENTIVE REALLY FOR A NEW STAFF COMING IN.

AND WE HAVE THAT TONIGHT FOR CONSIDERATION.

ALSO AS A FOLLOW UP, THIS IS INFORMATION.

SO IN THE 2324 PROJECTIONS, THE INITIAL PROJECTIONS DID NOT INCLUDE OUR BUDGET REQUESTS.

WE ARE PROJECTING NO CHANGE IN ENROLLMENT.

WE'RE USING THE CURRENT YEAR AVERAGE DAILY ATTENDANCE, WHICH IS A LITTLE LOWER THAN WHAT WE PROJECTED THIS YEAR.

KATIE, MAY I MAKE ONE COMMENT? YES, MA'AM. WE ARE PROJECTING NO CHANGE IN ENROLLMENT.

HOWEVER, I DO WANT TO SAY THAT CURRENTLY AS OF TODAY, WE ARE 115 STUDENT KINDERGARTEN ENROLLEES, MORE THAN WE WERE ON THIS DAY LAST YEAR.

AND WE ARE 72 MORE PRE K ENROLLEES THAN WE WERE ON THIS DAY LAST YEAR.

SO THE BRIGHT TREND THAT'S YES, WE WE DEFINITELY ARE HAPPY WHEN WE HEAR THOSE SEE THOSE NUMBERS.

WE'RE PROJECTING A PROPERTY VALUE GROWTH OF 7% BUDGET REDUCTIONS.

WE DID HAVE STAFFING RETENTION REDUCTIONS THROUGH ATTRITION WITHIN DEPARTMENTS OF 2.8 MILLION.

AND THEN JUST A REMINDER ABOUT ESSER THREE FUNDING THAT WILL BE GONE AFTER THIS NEXT FISCAL YEAR, WHICH WILL RESULT IN AN ADJUSTMENT TO THE GENERAL FUND OF $14 MILLION. EXCUSE ME.

YES, SIR. DID YOU SAY 115? WAIT A MINUTE. YES, SIR. FOR KINDERGARTEN.

115. 115 MORE THAN THIS ON THIS DAY LAST YEAR OF NEW ENROLLEES AND 72 FOR PRE K.

[00:45:07]

OKAY. ALL RIGHT. THANKS. THAT'S GOOD NEWS.

YES. THANK YOU. THANK YOU FOR THE REPEAT.

UNDER OLD LAW, OUR PROPOSED M AND O RATE WILL BE 83.1 $0.05, WHICH IS ABOUT $0.03 LESS, A LITTLE OVER $0.03 THAN WHAT WE HAVE RIGHT NOW.

OF COURSE, OUT AT THE LEGISLATIVE LEVEL, THEY KEEP TALKING ABOUT ANOTHER 15 CENT DROP.

SO IT'S A GOOD YEAR FOR OUR TAXPAYERS.

WE'LL PROBABLY SEE A PRETTY LARGE REDUCTION.

OF COURSE, OUR PROPOSED RATE IS NO CHANGE.

AS I TOLD YOU BEFORE, THE GOLD AND COPPER PENNIES, THE CURRENT RATE INCLUDES FIVE.

THERE IS AN ALLOWANCE OF EIGHT.

THE REMAINING THREE MUST HAVE VOTER APPROVAL.

HOWEVER, IN HOUSE BILL 100, THERE IS AN OPTION TO ADD FOR DISTRICTS THAT ONLY HAVE FIVE TO ADD ONE GOLDEN PENNY WITHOUT A TAX RATE ELECTION, WHICH IS PART OF THE PROJECTIONS WE'VE BEEN LOOKING AT.

AND THEN THERE'S NON COPPER PENNIES AVAILABLE, BUT YOU HAVE TO HAVE VOTER APPROVAL.

THE BILL IMPACT FOR HOUSE BILL 100, THAT REALLY HASN'T CHANGED FROM OUR LAST MEETING.

SO A $90 INCREASE IN BASIC ALLOTMENT, WHICH IS ABOUT TWO AND ONE HALF MILLION, AN INCREASE ON THE GOLD AND PENNIES FROM 9856 TO $126, 3.9 MILLION ADDITIONAL GOLDEN PENNY THAT'S ALLOWABLE TO GET US TO SIX PENNIES OF 3.6 MILLION.

SO A TOTAL ESTIMATED REVENUE FROM HOUSE BILL 100 OF 10 MILLION IN THE CURRENT STATE HOUSE BILL 100 IS IN.

WE DO EXPECT TO HAVE A LITTLE MORE REVENUE OUT OF THAT.

WE JUST DON'T KNOW EXACTLY WHAT THAT'S GOING TO LOOK LIKE.

AND THEN FOR THE SECOND YEAR OF THE BIENNIUM.

WE'RE PROJECTING AROUND 4 MILLION FROM THE TASBO UPDATE.

WOULD THAT 4 MILLION REALLY BE 14 OR IS IT FOUR MORE MILLION? WHAT WE ALREADY HAD. OKAY.

SAY THAT AGAIN NOW. IS IT CUMULATIVE? TEN PLUS THE FOUR.

TEN PLUS FOUR MORE.

YES, PLUS FOUR MORE. IT'S ADDITIONAL.

SO IT WOULD BE ADDITIONAL REVENUE ON TOP OF THE TEN.

OKAY. YES, SIR.

BECAUSE SOMETIMES AUSTIN GOES THE OTHER DIRECTION.

OH, I KNOW. BUT I ALWAYS I WOULD HAVE BACKED THAT ONE OUT SO MY NUMBERS DON'T WORK VERY WELL.

WHEN I IF YOU'LL NOTICE, WHEN I GIVE YOU EARLIER PROJECTIONS IN THE YEAR, I DO YEAR BY YEAR SO THAT I CAN DO THOSE CALCULATIONS, IN FACT.

AND ONE OF THE TASBO TRAININGS, THEY KEPT REITERATING THAT BECAUSE PEOPLE WERE NOT DOING THAT, THEY WERE THEY WERE ADDING THAT NUMBER IN AND NOT SUBTRACTING OFF WHAT THE WHAT THE FIRST YEAR NUMBER IS.

SO, YES, SIR, IT'S A TOTAL OF 14.

YOU'RE RIGHT. GOOD, GOOD QUESTION.

SO OUR PROJECTED YEAR END CHANGE WITH CURRENT LAW FUND BALANCE CHANGE, 2.6 MILLION.

THESE ARE THE ITEMS THAT THE BOARD APPROVED OR WELL, WE COVERED AT THE LAST MEETING ABOUT 4.1 MILLION OF RECURRING ITEMS. AND THEN THAT GIVES US A NET PROJECTED CHANGE IN FUND BALANCE PRIOR TO LEGISLATIVE CHANGES OF ABOUT ONE AND ONE HALF MILLION OF REDUCTION OF FUND BALANCE WITH THE 10 MILLION THAT WE JUST LOOKED AT FROM HOUSE BILL 100, WE END UP WITH POTENTIAL AVAILABLE REVENUE FOR COMPENSATION OF EIGHT AND ONE HALF MILLION.

AND AS WE YOU ALWAYS ASK US, 1% RAISE COST AROUND 1.95 MILLION.

THAT IS ALL I HAVE THIS EVENING.

SO YOU HAVE. YES, SIR.

KATIE. THE 750.

THAT'S FOR EVERY EMPLOYEE.

CORRECT? YES, SIR.

SO FULL TIME EMPLOYEE.

AND IF WE HAVE A FEW HALF TIME EMPLOYEES AND THEY'LL RECEIVE 375.

SO LIKE YOUR ALL YOUR JANITORIAL STAFF, YOUR AS LONG AS THEY'RE IN A POSITION THAT'S ELIGIBLE, THEY WILL REGARDLESS OF THE NUMBER OF SCHEDULED HOURS A DAY THAT THEY WILL RECEIVE, THEY'LL GET THE FULL 750.

SO OUR BUS DRIVERS, OUR CAFETERIA WORKERS, THOSE ARE USUALLY THE ONES THAT HAVE LESS THAN EIGHT HOURS A DAY.

BUT YES, SIR, THEY WILL RECEIVE THE FULL 750.

AND ONE OTHER QUESTION.

REMIND ME HOW MUCH MORE A COPPER PENNY IS WORTH VERSUS JUST A REGULAR PENNY THAT WE GET? OKAY. THEY'RE ABOUT EVEN.

WE DON'T GAIN A LOT OFF OF COPPER PENNIES.

COPPER PENNIES RIGHT NOW.

AND I DON'T HAVE THAT RIGHT IN MY HEAD.

I WAS LOOKING AT JOSH MCLAUGHLIN'S PRESENTATION TODAY.

I BELIEVE THEY'RE AT $45.49, AND WE'RE RIGHT AT THAT.

I MEAN, WE MAY JUST BE RIGHT BELOW OR RIGHT ABOVE.

SO THE GOLDEN PENNIES ARE THE ONES THAT WE GET SO MUCH MORE.

SO WE GET ABOUT ONE AND ONE HALF MILLION OFF OF A PENNY.

OUR GOLDEN PENNIES ARE WORTH THREE AND ONE HALF MILLION, SO ABOUT 2 MILLION EXTRA DOLLARS ON A GOLDEN PENNY.

THAT'S WHY THEY'RE SO VALUABLE TO US.

EVERY GOLDEN PENNIES WORTH FOR US, THEY'RE WORTH ABOUT THREE AND ONE HALF MILLION.

[00:50:01]

PART OF THAT'S TAX COLLECTIONS AND PART OF IT'S STATE REVENUE.

OKAY. IT INCENTIVIZES US TO TAKE THE GOLDEN KEY BECAUSE WE GET MORE STATE MONEY.

WELL, AND SOMETHING I ALWAYS LIKE TO REMIND YOU GUYS, WHEN PEOPLE ASK YOU IF ANYBODY EVER SAYS, WELL, WHY DON'T YOU JUST LOWER YOUR TAX RATE? THE GOLDEN PENNIES COME OFF THE TOP.

SO THERE IS IT'S BACK TO THAT SAME THING.

THERE IS NO INCENTIVE TO DROP YOUR TAX RATE.

SO IF YOU WHEN YOU START LOWERING YOUR TAX RATE, IT CUTS YOUR STATE FUNDING.

SO IT'S NOT TO YOUR ADVANTAGE.

IF THE GOLDEN PENNIES WERE ON THE BOTTOM, I COULD SEE MAYBE PEOPLE LOOKING AT THINGS DIFFERENTLY.

BUT THERE IS NO INCENTIVE TO LOWER YOUR TAX RATE.

THEY DO. BUT THE GOLDEN PENNIES ARE YOUR CHOICE.

AND. AND WE'RE ALREADY.

AM I CORRECT ON THIS THAT BIRDVILLE IS ALREADY IN THE BOTTOM THIRD OF THE FUNDED SCHOOLS IN THE STATE OF TEXAS? NOW, I DON'T KNOW THE ANSWER TO THAT.

I DON'T KNOW THAT I'VE SEEN THAT INFORMATION.

BUT AS FAR AS PRIOR LET'S SEE WITH HOUSE BILL THREE, SEE THAT HOUSE BILL THREE KIND OF LEVELED OUT A LOT OF THINGS BECAUSE WE USED TO GET SOME INFLATIONARY DOLLARS FOR 30 YEARS.

AND WITH HOUSE BILL THREE, IF YOU REMEMBER FROM THE LAST PRESENTATION, THE BASIC ALLOTMENT WENT UP $1,000, BUT OUR BASIC ALLOTMENT WENT DOWN 500 AND THEN IT WENT UP A THOUSAND.

SO OUR NET CHANGE WAS AROUND $470 WHEN OTHER DISTRICTS WERE GETTING A FULL $1,000.

SO WE WERE HURT WITH HOUSE BILL THREE, THE AVERAGE STATE INCREASE ON THE BASIC ALLOTMENT IN THE STATE WAS AROUND $670 AND WE REGION 11 WAS HURT THE WORST.

MOST OF THE DISTRICTS IN REGION 11 DID NOT GET THE SAME INCREASES.

AND IF YOU REMEMBER THE FIRST YEAR, AND I'M TRYING TO REMEMBER IF IT HAPPENED THE SECOND YEAR AS WELL, THAT TRANSITION MONEY.

SO THE WAY THE WAY THEY LAID IT OUT IS YOU HAD TO GET AT LEAST 103% OF OLD LAW REVENUE OUT OF HOUSE BILL THREE IN THE FIRST FOUR YEARS. AND SO WE WERE ABOUT $4.5 MILLION OF TRANSITION FUNDING BECAUSE HOUSE BILL THREE WAS HURTING US.

NOW, THE WAY OUR POPULATION GREW, BECAUSE OUR SPECIAL POPULATIONS GREW THE WAY THEY DID, BECAUSE OUR FREE AND REDUCED LUNCH HAS GONE UP OUR BILINGUAL, THAT GOT US OUT OF THE TRANSITION FUNDING.

BUT THERE ARE STILL DISTRICTS THAT HAVE ONE MORE YEAR OF TRANSITION AND THEIR MONEY'S GONE AND THEY'RE GOING TO FALL.

THEY'RE GOING TO HAVE A CLIFF THAT THEY FALL OFF.

KATIE BUT WE'VE ALWAYS BEEN SOME OF THE LOWER YES.

CAN YOU DESCRIBE WHAT REGION 11 IS FOR THOSE THAT DON'T? I'M SORRY. REGION 11 IS BASICALLY TARRANT COUNTY.

IT'S THE TARRANT COUNTY SCHOOL DISTRICT.

BUT WE ALL HAD SOME INFLATIONARY MONEY THAT WAS ADDED BACK IN THE 80S, TOO, BECAUSE IT WAS THE COST OF LIVING HERE IS SO MUCH MORE.

AND SO HOUSE BILL THREE KIND OF KIND OF CHANGED SOME OF THOSE THINGS.

NOW THERE'S STILL SOME INEQUITIES THAT HAPPEN BECAUSE A LOT YOU KNOW, SCHOOL FINANCE IS SO COMPLICATED.

AND WHEN YOU START TRYING TO GET IN AND REALLY EVALUATE ALL THE DIFFERENT NUMBERS, YOUR TAX VALUES HAVE AN IMPACT, YOU KNOW, ON YOUR REVENUE.

SO I DON'T KNOW THAT I CAN GIVE YOU REALLY AS FAR AS A RANKING, I DON'T KNOW, DR.

SIMPSON, IF YOU'VE SEEN ANY RANKINGS LATELY.

I HAVE NOT. THAT WAS MENTIONED TO ME EARLIER AND I HAD NOT SEEN THAT.

SO BUT WE CAN CERTAINLY WE CAN CERTAINLY TRY TO FIND OUT THAT INFORMATION.

YEAH, I THINK AT ONE TIME THAT WAS TRUE.

BUT I THINK BECAUSE OF HOUSE BILL THREE, I THINK EVERYBODY I THINK THINGS HAVE BEEN LEVELED OUT JUST A LITTLE BIT NOW.

DISTRICTS THAT HAVE A MUCH HIGHER VALUE OF PROPERTY VALUE PER STUDENT, THAT GOLDEN PENNY, WHICH IS $126, THEY CAN GENERATE AS HIGH AS THEY CAN IN MANY, MANY DISTRICTS GENERATE A LOT MORE THAN $126.

SO THAT IS AN INEQUITY THAT WE HAVE.

WE'RE JUST GRATEFUL TO GET THE 126 BECAUSE THE GOLDEN PENNIES HAVE BEEN STAGNANT FOR FOUR YEARS, JUST LIKE OUR BASIC ALLOTMENT HAS BEEN.

AND DISTRICTS LIKE BIRDVILLE DON'T HAVE ANY WAY OF GENERATING ADDITIONAL REVENUE.

YEAH, I WAS JUST GOING TO MENTION TO KATIE, I THINK YOU'RE GOING TO COME BACK IN A DIFFERENT PRESENTATION AND TALK TO US A LITTLE BIT ABOUT TAX COMPRESSION AND WHAT THAT'S GOING TO LOOK LIKE VERSUS, YOU KNOW, NOT VERSUS BUT ALONG WITH GOLDEN PENNIES AND WHAT WHAT THOSE OPPORTUNITIES WOULD BE.

YES, MA'AM. OKAY, RICHARD.

NOW, THERE'S ONE PIECE OF LEGISLATION THAT THEY'RE THROWING OUT THERE RAISES FOR TEACHERS, TEACHERS, COUNSELORS AND NURSES.

$2,000 IN THE SENATE.

YES, SIR. YES, IT'S OUT THERE.

BUT SAY THAT THAT HAPPENS.

WHAT WOULD THAT HOW MUCH REVENUE WOULD THAT GENERATE FOR US IF THAT TRULY DOES HAPPEN? WELL, I MEAN, THE WAY THAT I HAVE NOT SEEN HOW THE SENATE HAS THEIRS LAID OUT, IF YOU REMEMBER AND I KNOW IT'S A LOT, BUT IN THE LAST PRESENTATION, I WISH I HAD ALL OF IT UP HERE JUST TO KIND OF GO OVER WITH YOU.

THERE'S $5 BILLION SET ASIDE FOR FUNDING.

[00:55:01]

THE HOUSE HAS 5 BILLION AND THE SENATE HAS 5 BILLION, BUT THEY WANT TO SPEND IT TWO DIFFERENT WAYS.

HOUSE BILL 100 IS THE BILL THAT EVERYBODY THAT IS NOW OVER IN THE SENATE.

IT'S I THINK IT'S DR.

STINSON LIKES TO SAY IT'S BEING HELD HOSTAGE BY SENATE BILL EIGHT.

AND SO RIGHT NOW, THE PIECE THAT EVERYBODY'S LOOKING AT IS HOUSE BILL 100, WHICH IS WHAT I SHOWED YOU TONIGHT.

SO IT'S IT'S RAISING THE BASIC ALLOTMENT, THE SENATE VERSION, I BELIEVE.

AND I HAVEN'T LOOKED THAT DEEPLY IN IT BECAUSE THERE JUST HASN'T BEEN A LOT OF TRACTION FOR IT.

THE SENATE VERSION, I THINK, IS MORE THEY'RE NOT RAISING THE BASIC ALLOTMENT FOR DISTRICTS OVER 20,000.

THEY'RE PROVIDING $2,000.

THAT HAS TO GO TO THE TEACHERS, NURSES, LIBRARIANS AND COUNSELORS.

BUT MY UNDERSTANDING IS THAT'S ONLY FUNDED FOR ONE YEAR AND I HAVEN'T SEEN THE INTRICACIES OF IT BECAUSE ALL THE MODELS WE'VE BEEN WORKING OFF OF HAVE BEEN HOUSE BILL 100. GOT IT. OKAY.

AND I THINK CURRENTLY THE THE MOVEMENT IS WITH HOUSE BILL 100.

OF COURSE, IT'S SITTING THERE CURRENTLY ANY.

AND IT'S BEING IT'S BEING HELD HOSTAGE WITH THE SENATE BILL EIGHT AND THE VOUCHER CONVERSATION.

BUT THE CONVERSATION, THE INFORMATION THROUGH HOUSE BILL 100 IS, LIKE KATIE SAID, AN INCREASE IN THE BASIC ALLOTMENT.

AND THE NUMBER THAT IS BEING SPOKEN OF IS $90.

SO AGAIN, THAT'S THAT'S NOT SIGNIFICANT.

IT IS AN INCREASE.

BUT ALL OF THAT IS BEING THERE'S A LINE DRAWN IN THE SAND RIGHT NOW, RIGHT NOW FOR REGARDING VOUCHERS.

AND SO I DON'T THINK WE'LL KNOW FOR ANOTHER TWO WEEKS, IN PART, IF YOU REMEMBER TO IN HOUSE BILL 100, THEY'RE SHIFTING THE STATE MINIMUM SCALE. AND IF YOU REMEMBER, I TOLD YOU THAT THE STATE MINIMUM SCALE UP TO THAT THAT TEACHER PAY OF THAT YEAR OF EXPERIENCE, THE STATE PAYS THE TEACHERS AND ANYTHING WE PAY OVER THAT, WHICH WE DO PAY SIGNIFICANTLY OVER, THAT WE PAY THE TEACHERS STATUTORY MINIMUM PORTION.

WELL, THEY'RE RAISING THEY'RE PROPOSING TO RAISE THAT THAT STATUTORY MINIMUM SCALE.

AND SO THERE'S SAVINGS THAT WILL DISTRICT WILL HAVE IN THERE BECAUSE AS THAT GOES UP, THEN THAT SALARY THAT WE DON'T HAVE TO PAY TEACHERS ON AND A PORTION OF THAT HAS GOT TO BE PUT INTO TEACHER RAISES.

SO THERE'S A LOT OF AMBIGUITY RIGHT NOW AS TO HOW WE WOULD EVEN CALCULATE SOME OF THAT.

AND THERE'LL BE A REPORT WHICH THERE WAS WITH HOUSE BILL THREE, BECAUSE WE HAD TO USE HALF OF THE INCREASE OF HOUSE BILL THREE ON TEACHERS, NURSES, LIBRARIANS AND COUNSELORS HAVE 25%.

AND THEN WE HAD TO ACTUALLY REPORT TO TO HOW WE DID THAT.

AND SO WE'LL HAVE THAT HAPPEN AGAIN WITH THIS ONE.

YEAH. AND I THINK SHE'S RIGHT.

THERE CURRENTLY IS A LOT OF AMBIGUITY OUT THERE.

AND AGAIN, HOUSE BILL 100 VERSUS SENATE BILL EIGHT, YOU KNOW, IS THE CONVERSATION AND IT IS DIFFICULT TO MAKE THESE TYPES OF DECISIONS WITHOUT AN ENDING TO THE LEGISLATIVE SESSION OR AT LEAST KNOWING THAT WE WOULD BE GOING INTO A SPECIAL SESSION.

SO THAT'S ANOTHER TWO WEEKS.

FAIR ENOUGH, KATIE.

YES, SIR. JUST FOR OUR KNOWLEDGE, DO WE HAVE ANY WAY TO SEE HOW WE COMPARE WITH THE DISTRICTS AROUND US? YES, SIR. I ACTUALLY PUT THAT DATA TOGETHER THAT YOU GUYS LIKE TO SEE IF IT'S OKAY.

I CAN GO TO THAT AND SHOW YOU.

AND I'VE DONE TWO TWO SCALES WITH OUR TASBIH UPDATE.

THEY DID A MARKET THAT WAS THE DISTRICTS THAT WE COMPARE WITH THIS FIRST COLUMN IS THE DISTRICTS WE COMPARE WITH.

AND WE ADDED FORT WORTH BECAUSE IT'S BECOMING MORE OF A OF A OF A COMPETITOR TO US THAT THEY'RE RIGHT NEXT DOOR AND THEN THE ONE ON THE OTHER SIDE HAS THOSE DISTRICTS IN IT. BUT IT'S ADDED IN SOME DISTRICTS THAT HAVE MORE OF A SOCIOECONOMIC LEVEL LIKE US, BUT THEY'RE DRIVABLE.

IRVING, ARLINGTON, GRAND PRAIRIE, A FEW OF THOSE DISTRICTS.

BUT YOU CAN SEE SO SO JUST SO YOU UNDERSTAND.

AND SO THERE'S BIRDVILLE SALARY FOR THE CURRENT YEAR AT ZERO FIVE, TEN, 15 AND 20, AND THEN THE PERCENTAGE AND I'VE GOT IT IN A DIFFERENT I DIDN'T PUT IT ON HERE FOR YOU. I JUST DID THE PERCENTAGES.

BUT I HAVE A FORMULA THAT DIVIDES THAT BY THE MARKET MEDIAN OF THESE DISTRICTS.

AND THEN OF COURSE THE OTHER ONE IS THE MARKET MEETING OF THE LITTLE EXPANDED MARKET.

SO FOR CURRENT YEAR OF THE MARKET MEDIAN OF THESE DISTRICTS, INCLUDING OUR OWN, WE ARE AT ZERO YEARS.

WE'RE JUST BELOW 100%.

AT 99, 66, YOU CAN SEE FIVE, WE'RE AT 99 AND THEN WE START DROPPING DOWN TO 98 AND 97 AT 20 YEARS.

SO THAT'S WHERE WE LAND.

THAT'S WHERE WE LANDED THIS YEAR.

BECAUSE IF YOU REMEMBER, WHEN WE DO RAISES MANY TIMES WE'RE EARLY AND WE DON'T KNOW WHAT OTHER DISTRICTS ARE DOING.

SO WE DO A COMPARISON WITH CURRENT MARKET.

AND THEN WE KIND OF BECAUSE WHEN YOU SEE WHEN YOU SEE, LET'S SAY, FOR INSTANCE, THAT THERE WAS A RAISE BUILT INTO BIRDVILLE SALARY AND WE'RE COMPARING WITH CURRENT YEAR, THEN

[01:00:06]

IF IT WAS OVER 100, THEN YOU WOULD KIND OF BE ABLE TO SAY, WELL, OKAY, LIKE IF ONE OF THEM WAS 102%, YOU COULD SAY, WELL THEN IF OTHER DISTRICTS GAVE A 2% RAISE, WE WOULD BE BACK AT 100 AT THE MARKET MEDIAN.

BUT WE NEVER KNOW BECAUSE WHEN WE GIVE OUR RAISES, MANY TIMES THOSE DISTRICTS ARE DOING THEIRS LATER.

BUT THIS IS WHERE WE ENDED UP THIS YEAR.

THANK YOU FOR THAT.

YOU'RE WELCOME. ALL RIGHT.

ARE THERE ANY OTHER CHARTS YOU'VE PREPARED THAT YOU WANTED TO SHOW US IF WE SAID CERTAIN KEYWORDS? NO. NO.

IS THAT IT? OKAY.

NO, SIR. I THINK I'LL.

I'LL END IT WITH THAT AND I'LL CLOSE IT.

THERE WE GO. OKAY.

I ALWAYS HAVE CHARTS.

WHETHER I NEED TO SHOW THEM OR NOT IS ANOTHER BALL GAME, SO.

OKAY. MOVING ON.

TO SEPARATE SEPARATE ACTION ITEMS, LET'S CONSIDER PERSONNEL ITEMS, INCLUDING SUPERINTENDENTS CONTRACT.

[H. SEPARATE ACTION ITEMS]

AS DISCUSSED IN CLOSED SESSION.

WE ARE GOING BEFORE WE CONSIDER PERSONNEL ITEMS. I DO WANT TO ANNOUNCE THAT DR.

STINSON HAS ACCEPTED 38 RESIGNATIONS AND TWO RETIREMENTS.

DO I HEAR A MOTION FOR PERSONNEL ITEMS? I MOVE THAT THE BOARD APPROVE AND ADOPT ALL PERSONNEL ITEMS, INCLUDING THE SUPERINTENDENTS CONTRACT AS DISCUSSED IN CLOSED SESSION.

HAVE A MOTION BY MR. TOLBERT. DO I HAVE A SECOND? SECOND BY MR. KUNKEL? ANY DISCUSSION? ALL RIGHT. CALL FOR THE VOTE AND IT IS UNANIMOUS.

CONSIDER THE RESOLUTION FOR ONE TIME EMPLOYEE RETENTION PAYMENT.

DO I HAVE A MOTION? YEAH. MR. PRESIDENT.

I MOVE THAT THE BOARD ADOPT THE RESOLUTION TO PROVIDE AN ADDITIONAL ONE TIME EMPLOYEE RETENTION PAYMENT AS PRESENTED.

I HAVE A MOTION BY MR. DREES. DO I HAVE A SECOND? SECOND BY MR. DAVIS? ANY DISCUSSION? I THINK THIS I THINK IT'S GOING TO BE A WONDERFUL THING TO HELP GET US SOME PEOPLE IN THIS DISTRICT, AND I'M REALLY GLAD THAT WE'RE ABLE TO DO THIS FOR OUR EMPLOYEES.

AND I WOULD LIKE TO SECOND THAT.

FIRST OF ALL, SHOULD THIS VOTE BE FINALIZED IN ADVANCE, LET ME THANK YOU FOR THE CONSIDERATION.

AND LIKE LIKE PRESIDENT DILKS SAID, NOT ONLY HELP US RETAIN OUR EMPLOYEES, BUT OBTAIN ANY NEW EMPLOYEES THAT WE NEED.

I THINK THIS GOES A LONG WAY TO SHOW OUR EMPLOYEES THE SUPPORT THEY HAVE WITHIN THIS DISTRICT AND FROM THIS BOARD OF TRUSTEES, AND HOW IMPORTANT IT IS TO YOU TO MAKE OUR EMPLOYEES FEEL VALUED AND WANTED.

AND THIS WILL CERTAINLY GO A LONG WAY IN HELPING US DO THAT.

SO THANK YOU VERY MUCH.

OKAY, LET'S CALL FOR THE VOTE.

AND IT IS UNANIMOUS.

NO ACTION WILL BE TAKEN ON NUMBER THREE DUE TO THE LEGISLATIVE SESSION NOT BEING COMPLETE.

IT'S HARD TO MOVE ON SOMETHING WHEN WE DON'T KNOW WHAT TARGET TO SHOOT AT.

SO THEREFORE, WE'RE GOING TO TABLE NUMBER THREE.

MR. DILKS, COULD I HAVE ONE? GO AHEAD. GO AHEAD. NO, I WAS JUST GOING TO SAY WE'LL COME BACK TO YOU ONCE THE LEGISLATIVE SESSION, THE REGULAR SESSION ENDS AND WE KNOW IF WE'RE GOING TO A SPECIAL SESSION OR NOT.

AND THEN WE WILL HAVE THE EXACT INFORMATION FROM FROM HOUSE BILL 100 TO GIVE YOU SO THAT YOU CAN MAKE BETTER DECISIONS.

I WOULD ASSUME THAT THE ONE TIME RETENTION BONUS WILL BE SOME COMMUNICATION GO OUT ON THAT VERY SOON.

RIGHT? I WOULD SUSPECT WITH IMMEDIACY, I WOULD HOPE THAT THAT COMMUNICATION, WE CERTAINLY WANT OUR EMPLOYEES TO FEEL APPRECIATED WITH THAT ONE TIME BONUS THAT WILL COME IN OCTOBER, ONE TIME ONE TIME RETENTION PAYMENT.

BUT THAT IS AN ADDITION TO ANY INCREASE IN PAY THAT WE WILL SOON ANNOUNCE WHEN WE GET MORE INFORMATION.

IT'S NOT A REPLACEMENT FOR ANY TYPE OF AN INCREASE IN PAY THAT WE'VE HAD TO DO IN SOME PRIOR YEARS, AND I WOULD HOPE THE COMMUNICATION WOULD KIND OF ADD SOME WORDS LIKE THAT. I DON'T KNOW.

THAT'S A GREAT POINT. I SUSPECT THAT MR. THOMAS IS WORKING ON THAT AS WE SPEAK.

OKAY. I DON'T WANT OUR EMPLOYEES TO BE DISAPPOINTED BY HEARING, WELL, IF YOU TELL THEM THAT WE'RE WAITING ON THE LEGISLATIVE SESSION FOR ANY POTENTIAL FUTURE INCREASE, YEAH,

[01:05:01]

THERE YOU GO. ALL RIGHT.

THERE WILL BE ONE.

ALL RIGHT. MOVING ALONG, OUR REGULAR MONTHLY BOARD MEETING WILL BE HELD ON THURSDAY, MAY 25TH HERE IN THE BOARD ROOM WITH OPEN SESSION BEGINNING AT 7 P.M..

[I. FUTURE BOARD MEETINGS]

AS WE HAVE NO FURTHER BUSINESS.

DO I HEAR A MOTION TO ADJOURN THIS MEETING? I HAVE MISS SANDERS WISE.

I'LL SECOND AND MR. DREES SECONDS ALL CALL FOR.

THE VOTE. IT IS UNANIMOUS.

MEETING ADJOURNED AT 805.

I GET IT. ALL RIGHT.

* This transcript was compiled from uncorrected Closed Captioning.