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>> MAYOR JONES: GOOD AFTERNOON. THE TIME IS NOW 2:00 P.M. ON WEDNESDAY, SEPTEMBER 3RD, 2025. AND THE CITY OF SAN ANTONIO BUDGET WORK SESSION IS CALLED TO ORDER.
MADAM CLERK, PLEASE CALL THE ROLL. >> CLERK:
MAYOR, WE HAVE QUORUM. >> MAYOR JONES: THIS MEETING IS TO HEAR ABOUT THE TAX INCREMENT REINVESTMENT ZONES. AS MENTIONED, WE ARE CONSTANTLY LOOKING TO STRENGTHEN THE GENERAL FUND AND UNDERSTANDING WHERE MONEY IS AND MAY BE ABLE TO HELP IN THAT REGARD IS IMPORTANT, SO I'M THANKFUL THAT THEY'VE PREPARED A PRESENTATION LARGELY ON THE CITY-INITIATED TIRZ TO HELP LAY FLAT WHAT WE MIGHT BE ABLE TO DO MAYBE IN THE IMMEDIATE BUT MAYBE LONGER TERM AS SOME OF THESE ARE MUCH CLOSER TO REALIZING THE GOALS AS NICHELY STATED WHEN THEY WERE ESTABLISHED.
SO ERIK, OVER TO YOU. >> WALSH: THANK YOU, MAYOR AND COWBOY SILL.
THIS WAS NISH SHOO U THAT THE MAYOR RAISED OT OUR JUNE BUDGET WORK SESSION. SO FROM THAT REQUEST, TODAY'S BRIEFING ON OUR TAX INCREMENT REFINANCE ZONES OR OTHERWISE KNOWN AS TIRZ, VERONICA GARCIA AND TROY ELLIOTT L WILL TAG TEAM THE PRESENTATION TODAY.
THE PRESENTATION IS AN OVERVIEW OF THE TIRZ, HOW THEY'RE STRUCTURED UNDER STATE LAW, HOW THEY'RE STRUCTURED UNDER OUR OWN ORDINANCE POLICY AND WILL PROVIDE SUMMARY INFORMATION FOR EACH OF THE TIRZ.
I THINK WHEN THE MAYOR BROUGHT THIS UP AT THE END OF JUNE, IT WAS BROADLY ABOUT TIRZ. THERE WERE SEVERAL COUNCILMEMBERS THAT ALSO MENTIONED THE OTHER TYPE OF TIRZ WE HAVE, WHICH IS DEVELOPER-FOCUSED TIRZ, VERY DIFFERENT. WE'LL WALK THROUGH BOTH OF THOSE.
THE INFORMATION THAT YOU'RE SEEING -- THAT YOU SAW ON THE SLIDES THAT WE DISTRIBUTED, AND YOU'LL SEE TODAY, IS FROM THE ACTUAL TIRZ PLANS.
AND SOME OF THOSE PLANS ARE STILL IN THE PROCESS OF BEING UPDATED, OR WILL NEED TO BE UPDATED BASED ON OTHER ACTIONS. AND I'LL GIVE YOU A COUPLE OF EXAMPLES. ONE, WHEN YOU SEE HOUSTON STREET TIRZ, WE HAVE THE APPROVED TERM SHEET WITH THE MISSIONS AND WESTERN URBAN, BUT BASED ON THAT TIMELINE OF THE AGREEMENT WE HAVE WITH THEM, THE WORK AROUND THAT TIRZ AND FUTURE FINANCING, THAT TITIRZ PLAN WILL NEED TO BE UPDATE AND BROUGHT TO COUNCIL. THAT WAS PART OF OUR ORIGINAL PLAN.
LIKEWISE THE HEMISFAIR TIRZ THAT THE COUNCIL RECENTLY TALKED IN TERMS OF ARENA, DEPENDING ON WHAT HAPPENS LATER THIS YEAR, THERE IS WORK THAT HAS TO GO ON. THEN THERE'S OTHER EXAMPLES, FOR THE INNER CITY TIRZ, THERE'S A REQUEST THEY I'M WORKING ON WITH COUNCILMAN CASTILLO-ANGUIANO AND COUNCILMAN MCKEE-RODRIGUEZ REGARDING THE BUDGET. THESE SLIDES MAKE NO ASSUMPTION AROUND THAT.
SO THAT'S INDIVIDUALIZED WORK THAT WE NEED TO DO. SO BASED ON THE COUNCIL'S CONVERSATION TODAY IF THERE'S FOLLOW-UP, WE'LL DO THE SPECIFIC ANALYSIS AND WORK AND REPORT BACK TO COUNCIL. SO I'M GOING TO KICK IT OFF TO TROY TO BEGIN WITH AND VERONICA WILL TAIL END REALLY TO FOCUS ON
THE DEVELOPMENT TIRZ. >> ELLIOTT: THANK YOU, ERIK.
GOOD AFTERNOON, MAYOR AND COUNCIL. THIS IS MY SECOND TIME BACK IN TWO WEEKS, AS WELL AS VERONICA. MY NAME IS TROY ELLIOTT.
I'M THE CHIEF FINANCIAL OFFICER. AS ERIK MENTIONED, I THINK HE STOLE MOST OF MY INTRODUCTION, BUT VERONICA AND I WILL BE TAG TEAMING, PROVIDING YOU AN OVERVIEW OF TIRZ, SPECIFICALLY HOW THEY FUNCTION. THEN I'LL HAND IT OFF TO VERONICA GARCIA, OUR DIRECTOR OF NEIGHBORHOOD HOUSING SERVICES TO TALK ABOUT THE PETITIONER-INITIATED OR THE DEVELOPER-INITIATED TIRZ.
FIRST OF ALL, JUMPING INTO WHAT IS A TIRZ, WHAT IS TAX INCREMENT FINANCING. SPECIFICALLY, IT'S GOVERNED BY THE TAX INCREMENT FINANCING ACT, CHAPTER 311, THE TEXAS TAX CODE.
THE TAX CODE PROVIDES KIND OF THE REGULATORY FRAMEWORK THAT PROVIDES US GUIDANCE IN HOW WE ESTABLISH A TIRZ, HOW WE USE A TIRZ.
AND THE TYPE OF TIRZ IS THAT WE CAN ACTUALLY PUT IN PLACE BEING CITY-INITIATED AND PETITION-INITIATED. TIRZ IS A PUBLIC FINANCING TOOL THAT IS USED TO PROMOTE ECONOMIC DEVELOPMENT IN A SPECIFIC AREA OR ZONE THAT NEEDS THAT DEDICATED INVESTMENT.
UNDER CHAPTER 311, THERE ARE ELIGIBLE EXPENSES THAT ARE BROADLY DEFINED TO INCLUDE CAP CAL COSTS, SUCH AS ACQUISITION, PUBLIC IMPROVEMENTS, PUBLIC WORKS, MEDIATION AND DEMOLITION. ALSO INCLUDES FINANCING, ADMINISTRATIVE COST, ALL OF OUR TIRZ HAVE SOME FORM OF ADMINISTRATIVE FEE THAT WE CORRECT TO FUND THE OPERATIONS, TO MANAGE THE BOARD
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RELATIONSHIPS AND THE PROBABILITY PLANS AND THE FINANCE PLANS.IN ADDITION TO THE ADMINISTRATIVE COSTS, WE CAN ALSO USE A TIRZ TO FUND PROFESSIONAL SERVICES AND STUDIES BENEFITING THE ZONE.
AS I MENTIONED, THE ACT SPECIFICALLY ALLOWS FOR TWO TYPES OF TAX INCREMENT REINVESTMENT ZONES. THE FIRST IS CITY-INITIATED, WHERE I WILL FOCUS. CITY-INITIATED SOUNDS EXACTLY LIKE IT IS. IT'S GOING TO BE A TIRZ THAT, THROUGH COUNCIL AUTHORIZATION, WE ESTABLISH AND WE AUTHORIZE AND DEVELOP A SPECIFIC ZONE. ONE OF THE THINGS YOU'LL SEE, AND I THINK ERIK TALKED A LITTLE BIT ABOUT IT, IS THE CITY-INITIATED TIRZ, THE TYPE OF PROJECTS THAT YOU'LL SEE, THEY'RE GOING TO BE A LITTLE MORE DIVERSE IN THE TYPE OF PROJECTS WHERE THE PETITION OR DEVELOPER-INITIATED TIRZ ARE GOING TO BE MORE FOCUSED ON A DEVELOPER COMING IN, HAS PETITION OR APPLICATION, THEY'RE GOING TO PUT IMPROVEMENTS ON THE GROUND TO INCLUDE HOUSING, MULTIFAMILY HOUSING, INDUSTRIAL AND COMMERCIAL, AND THERE WILL BE PUBLIC INFRASTRUCTURE THAT THEY'RE ALSO GOING TO PUT IN PLACE. AND THROUGH THAT TIRZ WE WILL REIMBURSE THEM FROM THAT PUBLIC INFRASTRUCTURE FROM THE INCREMENT THAT'S BEING GENERATED. HOW DOES A TIRZ WORK? AND WE TALKED A LITTLE BIT ABOUT THIS, BUT ESSENTIALLY, YOU COME TO COUNCIL WITH A PROPOSED TIRZ, CITY COUNCIL ESTABLISHES THAT TAX INCREMENTMENT REINVESTMENT ZONE. AT THE TIME THAT WE CREATE THE TIRZ AND WE ESTABLISH THE ZONE, THE ACTUAL BASE OR THE ASSESSED VALUE IS FROZEN. AND THE ASSESSED VALUE BECOMES THE BASE OR THE CEILING OR THE MAXIMUM, AND THAT BASE STAYS IN PLACE THROUGOUT THE DURATION OF THE TERM OF THE ACTUAL TIRZ. AS WE, EITHER THROUGH NATURAL GROWTH OR THROUGH THE INVESTMENTS THAT COUNCIL CHOOSES TO PUT IN PLACE IN THAT ZONE, IT PRODUCES AN INCREMENT, OR ADDITIONAL VALUE.
THAT ADDITIONAL VALUE IS CAPTURED, REINVESTED BACK INTO THE ZONE, IT BECOMES SOMEWHAT CYCLICAL. YOU INVEST IN THE ZONE, IT PRODUCES VALUE, AND THEN BACK IN THE ZONE AGAIN. AFTER THE TERM -- THE ZONE IS TERMINATED AND THEN THE BENEFIT OF ALL THAT VALUE BASICALLY GOES BACK TO OUR GENERAL FUND OPERATIONS AND TO OUR DEBT SERVICE FUND.
I THINK ERIK MENTIONED THIS, OR SOMEBODY MENTIONED THIS EARLIER WHEN I WAS TALKING DOWN THE HALLWAY, I THINK THE ORIGINAL TIF POLICY WAS PUT IN PLACE IN 2015 THROUGH THE EFFORTS OF VERONICA AND HER TEAM AND STAKEHOLDER INVOLVEMENT. THEY CAME BACK AND AMENDED AND PRESENTED A REVISED TIF POLICY IN DECEMBER OF 2022. THIS WORK WAS DONE WITH PCDC, OR THE PLANNING AND COMMUNITY DEVELOPMENT COMMITTEE, SPECIFICALLY THIS NEW TIF POLICY LOOKED AT THE POLICIES THAT HAD BEEN ADOPTED BY CITY COUNCIL AND PRYOR FIEZED THE FUNDING TO SUPPORT THOSE CITY OBJECTIVES, INCLUDING BUT NOT LIMITED TO THE ONES THAT ARE LISTED HERE, HOUSING AND AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, TRANSPORTATION AND CONNECTIVITY, JOB TRAINING AND EDUCATION, AS WELL AS ARTS AND CULTURE AND HISTORIC PRESERVATION AND PLACE MAKING. ALSO I THINK OVER THE LAST MONTH, OR A COUPLE OF WEEKS, THERE'S ALSO BEEN CONVERSATIONS ABOUT HOUSING WITHIN THE TIRZS, AND SPECIFICALLY PROJECT SHALL NOT CAUSE DIRECT OR RESIDENTIAL DISPLACEMENT. MARKET ANALYSIS IS REQUIRED TO SUPPORT MARKET RATE HOUSING AND INCLUDE CONTRIBUTIONS TOWARDS AFFORDABLE HOUSING. BEFORE MOVING INTO THE SPECIFIC CITY-INITIATED TIRZ AND THE DEVELOPER-INITIATED TIRZ, I THOUGHT THERE WAS VALUE TO KIND OF SHOWING THE COUNCIL ON AN ANNUAL BASIS, SPECIFICALLY FOR FY '25, A TOTAL CITY TIRZ CONTRIBUTION IS GOING TO BE IN THE NEIGHBORHOOD OF ABOUT $45 MILLION FOR FISCAL YEAR 2025. ROUGHLY WHEN YOU LOOK AT THAT $45 MILLION, THAT IS THE INCREMENT THAT'S BEING GENERATED.
THAT 45 MILLION, ROUGHLY, IF YOU WANTED TO SPLIT THAT UP BETWEEN 60% TO THE GENERAL FUND, 40% TO THE DEBT SERVICE FUND, THAT'S WHAT THAT CONTRIBUTION WOULD HAVE GONE AT THE TERMINATION OF THESE TIRZS.
WHEN YOU TAKE THAT $45 MILLION AND HOW IS THAT ALLOCATED BETWEEN THE CITY AND THE DEVELOPER TIRZS, ABOUT 37 MILLION IS BEING DEDICATED TO THE CITY-INITIATED TIRZS AND ABOUT $8 MILLION IS GOING TO THE DEVELOPER-INITIATED TIRZS.
TO PUT THAT $45 MILLION IN PERSPECTIVE, THAT'S ABOUT 5% OF OUR TOTAL LEVY OF ABOUT 819 MILLION THAT GOES TO OUR GENERAL FUND, TO OUR DEBT SERVICE, AND THEN THIS 45 MILLION IS GOING TO THE TAX INCREMENT REINVESTMENT ZONES FOR ADDITIONAL INVESTMENT. KIND OF CHANGING TO THE NEXT PART OF THE PRESENTATION, FOCUS ON THE CITY-INITIATED TISHZS, THE CITY-INITIATED TIRZ MAXIMIZES THE BENEFITS OF A PUBLIC/PRIVATE COLLABORATION TO SUPPORT REVITALIZATION.
AS I MENTIONED, IT'S GOING TO SUPPORT A VARIETY OF DIVERSE
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PROJECTS AND MULTIPLE CITY OBJECTIVES. EACH PROJECT IS CONSIDERED BY THE REPETITIVE TIRZ BOARD AND CITY COUNCIL.INSIDE AND OUTSIDE OF THE TIRZ ZONE, CHAPTER 311 DOES ALLOW FOR FUNDING TO BE USED OUTSIDE OF THE ZONE FOR AFFORDABLE HOUSING IN PLACES OF PUBLIC ASSEMBLY. LAST THING I'LL POINT OUT IS THE BOARD COMPOSITION POF FOR A CITY-INITIATED TIRZ BY STATUTE IS GOING TO DIFFER FROM A DEVELOPER-INITIATED TIRZ. VERONICA WILL TALK ABOUT THE DEVELOPER-INITIATED TIRZ. I KNOW MANY OF YOU IN HERE CHAIR A LOT OF THE BOARDS TODAY. AS WELL AS THE BOARD COMPOSITION FOR THE CITY, NO LESS THAN 11 AND NO MORE THAN 11 APPOINTED BY CITY COUNCIL, AS WELL AS THE COUNTY OFFICIALS AND THOSE AREAS THAT THEY'RE PARTICIPATING, ALSO CAN INCLUDE CITY, COUNTY STAFF OR PARTICIPATING TAXING ENTITIES. MOVING NOW TO -- WE CURRENTLY HAVE ABOUT NINE -- WE HAVE NINE CITY-INITIATED TIRZS. FOCUSING ON THE MAP TO THE RIGHT, AND I'LL START KIND OF ON THE OUTSIDE, I GUESS, OF THE LOOP, AT THE NORTH SIDE, YOU HAVE THE NORTHEAST CORRIDOR, THAT KIND OF FOCUSES ON THAT WURZBACH PARKWAY, IN THAT CASE COPERRIN, PERRIN BEITEL AREA.
YOU HAVE THE [INDISCERNIBLE] TIRZ, THEN MOVING TO THE SOUTH SIDE DIRECTLY INSIDE OF THE LOOP, YOU HAVE THE MISSION DRIVE-IN AND THE BROOKS CITY BASE, AND THEN REALLY FOCUS AROUND THE CENTRAL BUSINESS DISTRICT STARTING AT THE TOP, YOU'RE GOING TO HAVE MIDTOWN, HOUSTON STREET,
WEST SIDE, HEMISFAIR AND THE INNER CITY. >> IN THE ORIGINAL PRESENTATION, WE HAD A ONE-SHEET SUMMARY, IT DID NOT GO INTO THE DETAIL WE NEEDED TO. SO IN PRESENTING THIS, WE'RE GOING TO PRESENT A SEPARATE SLIDE FOR EACH ONE, THE DOWN SIDE IS YOU'RE GOING TO HAVE NINE ON THE CITY-INITIATED TIRZ AND 10 ON THE DEVELOPER.
I THINK IT PROVIDES A LITTLE MORE INSIGHT INTO EACH OF THE RESPECTIVE TIRZS. STARTING WITH THE HOUSTON STREET TIRZ, THERE'S REALLY -- BR MOVING INTO THE SLIDE ITSELF, THERE ARE TWO PIECES, OR TWO PLANS THAT MOVE THROUGH THE BOARD AND THROUGH THE CITY COUNCIL.
ONE IS A PROJECT PLAN. THE PROJECT PLAN IS GOING TO ENCOMPASS AND OUTLINE WHAT IS THE ZONE, WHAT TYPE OF PROJECTS ARE GOING TO BE APPROVED WITHIN THE ZONE, AND THE USES FOR THOSE FUNDS. SEPARATELY, YOU HAVE THE FINANCE PLAN. THE FINANCE PLAN IS REALLY GOING TO TAKE ALL THE BUILDING BLOCKS WITHIN THE PROJECT PLAN AND IT'S GOING TO PUT THOSE INTO A MATHEMATICAL MODEL OVER TIME USING THAT FRAMEWORK THAT WE TALKED AT ON, I THINK, THE SECOND SLIDE ON HOW THAT INCREMENT GROWS OVER TIME. THE FINANCIAL MODEL, IT'S GOING TO TAKE THAT BASE THAT'S BEEN FROZEN FOR EACH OF THE INDIVIDUAL TIRZ, IT'S GOING TO LOOK AT THE APPROVED PROJECTS THAT ARE BEING APPROVED FOR THAT PLAN.
IT'S GOING TO COMPARE THE COST OF THOSE APPROVED PROJECT TO THE INCREMENT OR THE VALUE THAT IT'S THROWING OFF, AND THEN THERE WILL BE AN ENDING BALANCE OR AN INCREMENT PRODUCED OUT OF THE FINANCE PLAN.
EACH ONE OF THESE SLIDES ARE GOING TO TAKE SOME OF THE HIGH-LEVEL PIECES OUT OF THE PROJECT PLAN AND THE PR PROJECT PLAN AND SUMMARIZE ON EACH OF THESE SLIDES FOR YOU AS CITY COUNCIL. SO MOVING BACK TO THE HOUSTON STREET TIRZ, WE HAD -- IT WAS ESTABLISHED IN 1999, IN WHICH THE BASE WAS FROZEN. AND IT WAS RECENTLY EXTENDED TO 2060.
THE HOUSTON STREET TIRZ WAS EXTENDED FOR -- REALLY TO REORGANIZE THE BOUNDARIES. THERE WERE ABOUT 17 PARCELS THAT WERE MOVED FROM THE WEST SIDE TIRZ OVER TO THE HOUSTON STREET TIRZ.
THE MAIN REASON FOR THAT WAS TO ALIGN WHERE THE DEVELOPMENT WAS GOING TO TAKE PLACE ASSOCIATED WITH THE MISSION BALLPARK AND THE SURROUNDING DEVELOPMENT. AND ALL THAT DEVELOPMENT OCCURRED WITHIN ONE SINGLE TIRZ, AND WE HAD ONE SINGLE TIRZ THAT WE COULD USE AS A PLEDGE FOR THE ACTUAL DEBT FOR THE MISSIONS BALLPARK. THE OTHER THING IT DOES IT SIMPLIFIES OUR FINANCING THAT WE'RE MOVING OUT TO OUR INVESTORS, ONE PLEDGE, EASIER TO EXPLAIN, AND ONE SOURCE OF REVENUE AS WE MOVE FORWARD WITH THOSE REVENUE CONTRACT BONDS.
WE HAVE THE CITY THAT'S PARTICIPATING AT 100%. AND WHEN I'M SAYING ONE PUN ERS, THAT'S GOING TO WITH -- 100%, THAT'S GOING TO BE BOTH OUR O & M RATE AND OUR DEBT SERVICE RATE. YOU ALSO HAVE BEXAR COUNTY PARTICIPATING IN THIS TIRZ, THEY'RE PARTICIPATING AT 100% OF THEIR O & M RATE. THIS TIRZ OPERATES A LITTLE DIFFERENTLY FROM SOME OF THE OTHER TIRZS IN TERMS OF HOW IT'S ORGANIZED. THE CITY INCREMENT IS HELD SEPARATELY FROM THE HOUSTON -- FROM THE BEXAR COUNTY INCREMENT. FOR BEXAR COUNTY PURPOSES, WE TREAT THEM SEPARATELY, BOTH AS PROJECTS ARE BEING PROPOSED, A BOARD COMPRISED OF BEXAR COUNTY MEMBERS AND THE CITY MEMBERS, THEY APPROVE THE PROJECTS, BUT THE BEXAR COUNTY INCREMENT IS
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USED SOLELY FOR THEIR PROJECTS, THE CITY INCREMENT IS USED SOLELY FOR THE CITY PROJECTS. COLLECTIVELY, BOTH ON THE TERM SHEET THAT WAS APPROVED FOR THE MISSIONS BALLPARK, BEXAR COUNTY HAS AGREED TO PLEDGE SOME OF THEIR REVENUE AS WELL TOWARDS THAT DEBT. AS ERIK AND I MENTIONED, THIS -- WHEN YOU'RE LOOKING AT THESE BALANCES HERE IN THE LOWER RIGHT-HAND CORNER THAT I'LL GET TO IN A SECOND, THIS IS AS A RESULT OF THE MOST RECENT APPROVED FINANCE PLAN. IT DOES NOT INCORPORATE -- WHICH THAT NONBINDING TERM SHEET WAS APPROVED. AND JUST TO HIGHLIGHT SOME OF THE PROJECTS THAT HAVE BEEN -- THAT HAVE BEEN IMPLEMENTED OR THAT HAVE BEEN INVESTED IN IN TERMS OF THE HOUSTON STREET TIRZ, THE HISTORIC CIVIC CENTER LINKAGE, FACADE PRESERVATION OF HISTORIC SITES, MAJESTIC COURTYARD, I THINK EVERYBODY'S FAMILIAR WITH THE ALAMEDA THEATER, WORKING DOWNTOWN MYSELF, YOU CAN SEE THE TRANSFORMATION HOUSTON STREET HAS GONE THROUGH. ALSO CORAZON CATTLEMAN SQUARE MASTER PLANNER AND ARTPLACE IMPROVEMENTS. MOVING TO THE LOWER RIGHT-HAND SIDE OF HOUSTON STREET AS FAR AS THE TIRZ BALANCE, AS I MENTIONED, THIS IS ONLY GOING TO BE THE CITY BALANCE. WE TAKE THE BEXAR COUNTY BALANCE SEPARATELY. SO FOR 2024, WE ENDED THE YEAR WITH A BALANCE OF $7.3 MILLION, WE'RE ESTIMATING AN ADDITIONAL INCREMENT OF 5.9, $6 MILLION. COMMITMENTS ARE ROLLING FORWARD FROM THE PRIOR YEARS AS WELL AS NEW EXPENSIVES, SO WE HAVE ABOUT 6.4, SINGS $.5 MILLION IN COMMITMENT AND EXPENSES. IT ASSUMES A PORTION OF THE BALANCE THAT ROLLED OVER FROM PRIOR YEAR AND ALSO ANY NEW INCREMENT THAT'S BEING GENERATED DURING THE CURRENT FISCAL YEAR.WE'RE DONE AT THE END OF THE YEAR, ANTICIPATING OF ABOUT $6.9 BILLION.
AS WE MOVE FORWARD AND WE LAYER IN THE FINANCE PLAN FOR THE BALLPARK, WE WILL BRING FORWARD AND BRING BACK TO THIS BODY A REVISED PROJECT PLAN AND FINANCE PLAN, AS WELL AS SOME OF THE DEFINITIVE AGREEMENTS WITH THE BALLPARK AND THE CORRESPONDING OR ASSOCIATED PROJECT PLAN INCORPORATING THAT FINANCING INTO IT. NEXT ONE'S INNER CITY TIRZ. THIS ONE WAS ESTABLISHED IN DECEMBER OF 2000, THROUGH SEPTEMBER -- CURRENTLY TERMINATES IN 2035.
WE COULD L LOOK AT A POTENTIAL EXTENSION OF THIS TIRZ TO ALIGN WITH THE OTHER TIRZ TO 2060. AS ERIK MENTIONED, THERE'S A NUMBER OF ADDITIONAL PROJECTS THAT ARE BEING SUGGESTED TO BE FUNDED OUT OF THIS TIRZ.
WE WOULD NEED THE ADDITIONAL EXTENSION TO FUND SOME OF THOSE IN THE EVENT WE WANTED TO FUND THOSE THROUGH DEBT. CITY COUNCIL DISTRICTS ARE PARTICIPATED 1, 2 AND 5. THE CITY'S AT 100% AT OUR O & M AND DEBT SERVICE RATE, SOME OF THE MAJOR PROJECTS, ELLA AUSTIN, LA VILLITA, MAVERICK PLAZA, SAGE STOREFRONT AND MIDCROWN LAND ACQUISITION. PRODUCES ABOUT $1.10 MILLION IN AN ANNUAL INCREMENT. LOOKING AT EXPENSES AND COMMITMENT, ABOUT $4.5 MILLION IN ENDING BALANCE IN 2025. THIS IS A SNAPSHOT -- I FAILED TO MENTION THIS ON THE PRIOR SLIDE, THIS IS A SNAPSHOT FOR ONE YEAR.
OF COURSE, THROUGH THE TERM OF 2035, YOU'LL HAVE THE ADDITIONAL GROWTH THAT MOVES THROUGH THE TIRZ AND THOSE BALANCES WILL LIKELY INCREASE YEAR OVER YEAR. BROOKS CITY BASE, BROOKS CITY BASE AND VER RA ANO ARE TWO OF THE CITY-INITIATED TIRZ THAT BOTH HAVE SINGLE DEVELOPERS INCLUDED IN THEM. BROOKS CITY BASE WAS ESTABLISHED IN 2004, SCHEDULED TO TERMINATE IN 2029, DISTRICT THREE.
THIS ONE THE CITY IS PARTICIPATING AT 85% OF OUR TAX RATE AND THIS WAS A RATE THAT WAS NEGOTIATED AT THE INCEPTION BASED AT THE PERFORMANCE AND FINANCE PLAN THAT WAS DEVELOPED AT THAT TIME.
BROOKS CITY BASE WAS ORIGINALLY PUT IN PLACE FOR STREET IMPROVEMENTS FOR NEW BRAUNFELS AND CHALLENGER DRIVE, THE FINANCING OF TWO BUILDINGS. NOT TOO LONG AGO, I THINK SEVERAL MONTHS AGO, COUNCIL APPROVED THE BROOKS DEVELOPMENT AUTHORITY DEFEEZ ANSWER OF DEBT USED FOR PUBLIC IMPROVEMENTS. SO FOR A PERIOD THROUGH 2031, THROUGH THE AGREEMENT WITH BROOKS DEVELOPMENT AUTHORITY AND APPROVED BY COUNCIL, THAT UNUSED BALANCE IS GOING TO BE SHIFTED OR SENT TO BROOKS DEVELOPMENT AUTHORITY TO BASICALLY DEFEASE AND RESTRUCTURE THEIR DEBT. AFTER 2031, THERE'S A BALANCE OF 17 MILLION THAT THEY REQUESTED THROUGH 2031 THAT EXPIRES AND THE INCREMENT STARTS
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TO ESCALATE AGAIN THROUGH 2032 AND 2039 INCREMENT STARTS TO BECOME AVAILABLE. FOR THE VERANO TIRZ, THIS ONE WAS ESTABLISHED IN 2007. UNFORTUNATELY, THIS ONE WAS ESTABLISHED RIGHT BEFORE WE HAD THE RECESSION, SO THERE WERE SOME COMPLICATIONS AS A RESULT AND I'LL TALK ABOUT THAT IN MORE DETAIL IN A SECOND.SCHEDULED TO EXPIRE OR TERMINATE IN 2039. TWO DISTRICTS, COUNCIL DISTRICTS 3 AND 4, THERE'S A NUMBER OF PARTICIPATING TAXING ENTITIES ON THIS ONE, THE CITY IS PARTICIPATING AT 100%, BEXAR COUNTY AT 70% OF O ABD M, ACCD AND SARA AT 50% AND 60% RESPECTIVELY.
THIS WAS ORIGINALLY CREATED TO SUPPORT THE TEXAS A&M AND SURROUNDING SOUTH SIDE PUBLIC IMPROVEMENTS TO SUPPORT DEVELOPMENT OF PALO ALTO AND TEXAS A&M-SAN ANTONIO, SOME OF THE PROJECTS AROUND THE DEVELOPMENT INCLUDE PUBLIC IMPROVEMENTS SUCH AS STREETS, DRAINAGE, WATER SEWAGE AND PUBLIC INFRASTRUCTURE FOR HOUSING.
IN THE VERY BEGINNING BECAUSE OF THE RECESSION AND OTHER ISSUES, THIS ONE FACED SOME FINANCIAL CHALLENGES AS A RESULT, THE DEVELOPER WAS REASSIGNED TO, I THINK, SOUTH STAR. AT THAT POINT IN TIME THE VERANO TIRZ WAS REBRANDED AND MARKETED AS VITA. WE'RE STARTING TO SEE THIS ONE TAKE OFF A LITTLE BIT MORE IN TERMS OF THE INCREMENT AND DEVELOPMENT. A LITTLE BIT SLOW TO THE START, THIS ONE HAD A BEGINNING BALANCE OF $882 LAST YEAR. IT IS NOW PRODUCING AN INCREMENT OF ABOUT 472,000, HAS COMMITMENTS ON SOME OF THAT IS ADMIN AND SOME GOING BACK TO REIMBURSE SOME OF THE PUBLIC INFRASTRUCTURE, ANY BALANCE IS GOING BACK TO THE DEVELOPER AND THE ADMIN FEES TO REIMBURSE THEM. MISSION DRIVE-IN, SET TO EXPIRE IN 2027, THIS ONE'S IN COUNCIL DISTRICT THREE. WE ARE PARTICIPATING AT 90% OF OUR M & O AND OUR DEBT SERVICE. HIGHLIGHTING SOME OF THE MAJOR PROJECTS WOULD BE THE WORLD HERITAGE CAMPUS, SAN JOSE DRIVE, RIVER TO MISSION CONNECTIVITY PROJECT, MISSION ROAD SIDEWALK CONNECTIVITY PROJECT AS WELL. LOOKLOOK AT THE 2025 BALANCE AT THE RIGHT, AN ANNUAL INCREMENT OF ABOUT $1.3 MILLION A YEAR, EXPENSES FOR THIS YEAR ARE 1.5 MILLION WITH AN ENDING BALANCE OF 1.9.
TURNING NOW TO THE MIDTOWN TIRZ, THIS ONE IS CURRENTLY SET TO EXPIRE IN 2041. THIS WAS WITH -- ENCOMPASSES DISTRICTS 1 AND 2. THE CITY IS CURRENTLY PARTICIPATING AT 100%, AS CITY MANAGER MENTIONED IN THE INTRO, THIS PROJECT PLAN IS CURRENTLY AS BEEN ADOPTED HAS NOT BEEN UPDATED FOR THE PURCHASE OF THE ITC PROPERTY FROM UTSA, SO THAT IS SOMETHING THAT WE'RE STILL LOOKING AT AND BRING FORWARD A FINANCE PLAN TO ACTUALLY SOLIDIFY THAT PURCHASE.
SOME OF THE OTHER HIGHLIGHTS AS FAR AS WHAT HAS BEEN SPENT OUT OF THIS MIDTOWN TIRZ HAS FOCUSED ON THE SA BOTANICAL GARDENS, THE ZOO, PUBLIC INFRASTRUCTURE RELATED TO THE PEARL, BRACKENRIDGE PARK NATURESCAPE AND WITTE MUSEUM IMPROVEMENTS.
WE LOOK AT THE 2025 BEGINNING BALANCE OF ABOUT $12 MILLION, IT PRODUCES ABOUT $11.3 MILLION ON AN ANNUAL BASIS IN TERMS OF AN INCREMENT. EXPENSES ROLLING FORWARD FROM THE PRIOR YEAR THAT HAD NOT BEEN SEPTEMBER AND EXPENSES OF $18 MILLION HAS AN ENDING BALANCE OF $4 MILLION. THIS HAS BEEN APPROVED AS OF TODAY, WE'LL CONTINUE TO LOOK AT THIS AND LAYER IN THE FINANCING FOR THE ITC AND BRING BACK TO YOU A REVISED PROJECT PLAN AND A FINANCE PLAN AT THAT POINT IN TIME.
THREE MORE TO GO. ALMOST THERE ON MIND. ON THE WEST SIDE TIRZ, THIS ONE'S TERMINATING IN 2060 AS I MENTIONED WHEN I OPENED WITH THE HOWTSZ STREET TIRZ. THIS WAS ALSO REALIGNED IN TERMS OF THE BOUNDARIES TO SHIFT THOSE 17 PARCELS TO THE HOUSTON STREET AND IT WAS ALSO EXEXTENDED TO DECEMBER OT 2060. SOME OF THE MAJOR PROJECTS WE SELECTED OR SAY C EXPANSION, AS WELL AS MARKET SQUARE AND GUADALUPE THEATER IMPROVEMENTS, YWCA WOMEN'S CENTER.
>> AFTER CONSIDERING THE BEGINNING BALANCE AND THE EXPENSES FOR '25 AND COMMITMENTS ABOUT $1.3 MILLION AN ENDING BALANCE THAT'S AVAILABLE. AS FAR AS THE NORTH SIDE CORRIDOR, THIS ONE IS EXPIRING IN 2034, COUNCIL DISTRICTS 2 AND 10. AGAIN, CITY'S PARTICIPATING AT 100% OF OUR O & M AND DEBT SERVICE, HIGHLIGHTING
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SOME OF THE MAJOR PROJECTS THAT HAVE BEEN FUNDED, MORGAN'S WONDERLAND PARKING LOT, SPORTS GYM AND ENTRY MONUMENTS, LONGHORN QUARRY RODE EXTENSION AS WELL AS VILLAGES AT PERRIN BEITEL AFFORDABLE HOUSING. IN TERMS OF THE ANNUAL INCREMENT, IT PRODUCES ABOUT $1.7 MILLION IN ANNUAL INCREMENT FOR 2025, HAS AN ENDING BALANCE AFTER CONSIDERATION OF THE BEGINNING BALANCE AND EXPENSES, $1.7 MILLION THAT'S AVAILABLE FOR ADDITIONAL PROJECTS.IN WRAPPING UP MY PORTION OF THE PRESENTATION, I'LL CLOSE WITH THE HEMISFAIR TIRZ. THIS ONE WAS ESTABLISHED IN 2017, SET TO EXPIRE CURRENTLY IN 2037. PARTICIPATING ENTITIES CITY AT 100%, THE MAJOR PROJECT RIGHT NOW AND THE REASON THIS WAS ORIGINALLY PUT IN PLACE WAS TO FUND THE HPARC OPERATIONS, SO WHEN YOU LOOK AT THE TABLE TO THE RIGHT, IT'S PRODUCING ABOUT AN ANNUAL INCREMENT ABOUT $660,000.
$660,000 IS GOING BACK TO THE HEMISFAIR PARK AREA REDEVELOPMENT CORPORATION TO ACTUALLY FUND THEIR OPERATIONS, AND SO EVERY YEAR, THAT IS BEING PUSHED OVER TO THEM TO FUND THEIR OPERATIONS, AND SO FROM A FINANCE PLAN, THERE IS AN ENDING BALANCE OF ZERO. OF COURSE, THE HEMISFAIR TIRZ BASED ON THE APPROVAL OF THE RECENT SPORTS ENTERTAINMENT DISTRICT TERM SHEET, THIS WILL BE A KEY TIRZ IN BASICALLY CAPTURING THAT GUARANTEED DEVELOPMENT AND CAPTURING THAT INCREMENT THAT WILL BE USED TO -- AS A PLEDGE AND BE USED TO FUND THE REVENUE CONTRACT BONDS FOR THE FUNDING OF THE ARENA. MAYOR, WITH THAT, I'LL TURN IT OVER TO VERONICA, AND SHE'LL TAKE OVER AND TALK ABOUT THE
PETITION-INITIATED TIRZS. >> GARCIA: THANK YOU, TROY. SO FOR THE PETITION-INITIATED TIRZ, IT ALLOWS THE CITY TO STIMULATE ECONOMIC DEVELOPMENT PARTICULARLY IN AREAS THAT OTHERWISE WOULD REMAIN UNDERUTILIZED.
TYPICALLY, WE RECEIVE A PROPOSAL FROM A PRIVATE ENTITY WHO SEES POTENTIAL IN ONE OF THESE UNDERDEVELOPED AREAS. THESE AREAS OFTEN LACK BASIC INFRASTRUCTURE SUCH AS UTILITIES, ROADS OR EVEN DRAINAGE AND THE COSTS OF DEVELOPMENT CAN BE PROHIBITIVELY HIGH. AND SO A TIRZ WILL HELP MAKE THE PROJECT FINANCIALLY FEASIBLE. THE PROCESS IS THE DEVELOPER SUBMITS A PLAN THAT OUTLINES THE BOUNDARIES OF THE PROPOSED ZONE, THE PUBLIC IMPROVEMENTS THAT ARE NEEDED TO SUPPORT THE PROJECT, AND A REIMBURSEMENT REQUEST OVER A SPECIFIED AMOUNT OF TIME. THE DEVELOPER IS THEN RESPONSIBLE FOR COVERING THE UP-FRONT COSTS OF ALL INFRASTRUCTURE AND PUBLIC IMPROVEMENTS, AND THEN OVER TIME, AS THE PROPERTIES WITHIN THE ZONE -- THE PROPERTY VALUES WITHIN THE ZONE INCREASE, THE CITY REIMBURSES THE DEVELOPER ACCORDING TO THE TERMS OF OUR AGREEMENT. AS PART OF OUR EVALUATION PROCESS, WE ALSO CONSIDER THE COST TO PROVIDING MUNICIPAL SERVICES TO LARGER ZONES WITH MORE COMPLEX PROJECTS. THIS WILL HELP ENSURE THAT THE TIRZ IS SUSTAINABLE IN THE LONG TERM AND THE CITY CAN CONTINUE TO DELIVER ESSENTIAL SERVICES TO THE AREA WITHOUT STRAIN ON THE GENERAL FUND. EACH TIRZ IS GOVERNED BY A BOARD OF DIRECTORS, WHICH OVERSEES IMPLEMENTATION OF THE PROJECT.
THE BOARD FOR DEVELOPER-INITIATED TIRZ INCLUDES ONE APPOINTEE FROM EACH OF THE PARTICIPATING TAXING JURISDICTIONS, THE DEVELOPER AND COMMUNITY MEMBERS, AS B WELL AS THE STATE REPRESENTATIVES IN WHICH THE ZONE IS LOCATED. I, TOO, WILL GO THROUGH 10 SLIDES COVERING ALL 10 OF THE DEVELOPER-INITIATED TIRZ. YOU CAN SEE WE HAVE THEM ALL THROUGHOUT THE CITY, PRIMARILY IN DISTRICTS 2, 3 AND 4, AND WE DO HAVE SLIDES, SO I'LL GO INTO DETAIL ON EACH ONE OF THESE. WE'LL START WITH THE MISSION DELLAGO TIRZ WHICH IS IN COUNCIL DISTRICT THREE.
THE PROPOSED PROBABILITY INCLUDES 2500 SINGLE FAMILY HOMES AND JUST OVER 500 MULTIFAMILY HOMES. THIS PROJECT IS LOCATED OFF 281 JUST SOUTH OF 410. THE ELIGIBLE COSTS THAT THE DEVELOPER'S COVERING INCLUDE THE STREETS, DRAINAGE, UTILITIES AS WELL AS SOME PARK IMPROVEMENTS. THE CITY IS PARTICIPATING AT 100% AS IS THE COUNTY AND UNIVERSITY HEALTH SYSTEM IS ALSO PARTICIPATING ENTITY AT 75%. THIS PROJECT IS FULLY COMPLETE AND THE REIMBURSEMENTS GO THROUGH 2032.
AS YOU CAN SEE IN THE CHARTS ON THE BOTTOM RIGHT-HAND CORNER, ALL OF THE ANNUAL INCREMENT THAT IS GENERATED BY THE PROJECT CAN BE REIMBURSED THROUGH THE DEVELOPER EACH YEAR, PROVIDED THEY HAVE ENOUGH ELIGIBLE EXPENSES TO CAPTURE THAT REIMBURSEMENT. FOR THE LACKLAND HILLS TIRZ, THIS IS IN DISTRICT FOUR, AND IT INCLUDES 171 SINGLE FAMILY HOMES, THIS IS JUST ADJACENT TO LACKLAND AIR FORCE BASE. AGAIN, ELIGIBLE PROJECTS COSTS INCLUDE THE DRAINAGE, STREETS, UTILITIES AND RELATED SOFT COSTS. THIS ONE ALSO IS FULLY BUILT OUT AND REIMBURSEMENT WILL BE COMPLETED AT THE END OF NEXT YEAR, AND THEN WE
[00:30:02]
WILL ACTUALLY TERMINATE THIS TIRZ. THE CITY AND COUNTY ARE BOTH PARTICIPATING AT 100%. FOR THE NORTHEAST CROSSING TIRZ, THIS IS IN DISTRICT TWO AND IT INCLUDES 300 SINGLE FAMILY UNITS AS WELL AS 250 MULTIFAMILY HOMES WITHIN THE ZONE.THIS PROJECT WAS LOCATED OFF OF I-35 AND EISENHOWER ROAD NEAR WINDCREST. IMPROVEMENTS, AGAIN, INCLUDE DRAINAGE, UTILITIES, STREETS, THIS ONE HAS NEIGHBORHOOD PARK AND OPEN SPACE IMPROVEMENTS AS WELL. THIS PROJECT IS ALSO FULLY COMPLETE, AND REIMBURSEMENTS WILL CONTINUE THROUGH SEPTEMBER 2028, WHICH THEN WE WILL TERMINATE THE TIRZ. THIS ONE HAS MULTIPLE TAXING ENTITIES PARTICIPATING, THE CITY AND COUNTY AND ALAMO COLLEGES ARE ALL AT 100% OF THEIR PROPERTY TAX INCREMENT.
FOR THE HUNTER I'S POND TIRZ, THIS INCLUDES 449 HOMES IN DISTRICT FOUR.
IT'S A MIX OF TRADITIONAL SINGLE FAMILY HOMES, GARDEN HOMES AND TOWNHOMES AND 24 ALSO ARE DUPLEX HOMES. THIS PROJECT IS LOCATED OFF 410 NEAR PALO ALTO ROAD, REALLY CLOSE TO THE VERANO TIRZ THAT TROY TALKED ABOUT. THE PROJECT COST FOR THIS ONE INCLUDES STREETS, DRAINAGE -- FULLY TO ZARZAMORA ROAD AS WELL AS SOME PARK THIS ONE'S NEARLY DONE, WE'RE AT 98% FULLY BUILT OUT AND REIMBURSEMENT WILL CONTINUE THROUGH 2031 TO FULLY CAPTURE THE COST OF ALL OF THOSE IMPROVEMENTS.
THE CITY AND COUNTY ARE BOTH PARTICIPATING TAXING ENTITIES, THE CITY IS AT 100% AND THE COUNTY IS AT 70%. THE NEXT IS THEO MEADOWS, THIS IS IN DISTRICT THREE AND IT INCLUDES APPROXIMATELY 400 HOMES, ABOUT HALF OF THESE HOMES ARE PRICED BELOW $200,000, SO THEY'RE MEANT TO BE AFFORDABLE TO FAMILIES AT 100% OF THE AREA MEDIAN INCOME OR BELOW. THIS HOUSING COMMUNITY IS LOCATED NEAR MILITARY DRIVE, JUST NORTH EAST OF BROOKS DEVELOPMENT. PROJECT COSTS THAT ARE ELIGIBLE, AGAIN STREETS, DRAINAGE, UTILITIES AS WELL AS A GREENWAY TRAIL. THIS PROJECT IS FULLY BUILT, COMPLETE AND REIMBURSEMENT CONTINUES THROUGH 2054. AND THE CITY IS THE ONLY PARTICIPATING ENTITY AT 85%. THE NEXT IS NAVORS TIRZ ALSO IN DISTRICT THREE, THIS PROJECT INCLUDES 637 SINGLE FAMILY HOMES, 340 MULTIFAMILY HOMES, AS WELL AS AN INDUSTRIAL TRACK THAT CAN BE USED FOR A DATA CENTER AS WELL AS NEIGHBORHOOD RETAIL. THIS PROJECT IS LOCATED ON THE SOUTHEAST SIDE NEAR THE INTERSECTION OF 281 AND 181, AND ALL OF THE COSTS WOULD INCLUDE STREETS, DRAINAGE AND UTILITIES.
THIS PROJECT IS AT 15% COMPLETE, STARTED ON THE DATA CENTER, HAS NOT STARTED THE SINGLE FAMILY HOMES YET, BUT THOSE ARE PROJECTED TO START THIS FALL. THE CITY IS THE ONLYND FOR ALL OF THE HOMES THAT ARE CREATED, ABOUT 62% WILL BE AFFORDABLE TO FAMILIES AT 120AMI OR BELOW. THAT PERTAINS TO THE SINGLE FAMILY UNITS.
SOMERSET GROVE TIRZ IS IN DISTRICT FOUR, IT INCLUDES 603 SINGLE FAMILY HOMES AND HALF OF THOSE ARE, AGAIN, AFFORDABLE TO 120% AREA MEDIAN INCOME OR BELOW. THE PROJECT COSTS ARE ELIGIBLE INCLUDES STREETS, DRAINAGE AND UTILITIES. CONSTRUCTION IS ABOUT 98% COMPLETE AND THE FULL PROJECT WILL BE DONE BY THE END OF THIS CALENDAR YEAR, AND REIMBURSEMENT GOES THROUGH 2046. THE CITY IS THE ONLY PARTICIPATING TAXING ENTITY AT 85%. AND THIS PROJECT IS LOCATED OFF OF I-35 AND SOMERSET, SO, AGAIN, THIS IS IN DISTRICT FOUR.
THE NEXT ONE IS VALLEY SOL TIRZ LOCATED IN DISTRICT FOUR.
THIS INCLUDES 650 HOMES, HALF OF THOSE ARE AFFORDABLE AT 120% AREA MEDIAN INCOME OR BELOW. THE ELIGIBLE REIMBURSEMENT COST FOR THE DEVELOPER INCLUDES THE STREETS, DRAINAGE AND UTILITIES FOR THE HOUSING COMMUNITY. CONSTRUCTION IS ABOUT 40% COMPLETE, AND THEY ARE ELIGIBLE FOR REIMBURSEMENT THROUGH 2046.
THE CITY, AGAIN, IS THE ONLY PARTICIPATING TAXING ENTITY AT 85%.
AND THIS PROJECT IS LOCATED ON THE FAR SOUTHWEST SIDE JUST NORTHEAST OF VON ORMY. NEXT IS THE LONE OAK TIRZ, ALSO IN DISTRICT THREE WHICH CONSISTS OF 975 SINGLE FAMILY HOMES. THE PROJECT COSTS, AGAIN, ARE COVERING THE STREETS, UTILITIES AND INFRASTRUCTURE.
CONSTRUCTION STARTED IN 2023 AND THE DEVELOPMENT IS ABOUT 10% COMPLETE.
[00:35:02]
THE DEVELOPER'S BEEN FOCUSING ON CLEARING LAND, INSTALLING STREETS, ALL OF THE INFRASTRUCTURE SO THE HOMES WILL START TO COME UP SOON AND STARTING MADE AVAILABLE IN 2026. THIS COMMUNITY IS LOCATED OFF 35 SOUTH AND 1604. AGAIN, THE CITY IS THE ONLY PARTICIPATING TAXING ENTITY AT 85%. THE FINAL DEVELOPER-INITIATED TIRZ IS ROSIO CREEK WHICH IS IN DISTRICT THREE, IT INCLUDES 5200 MARKET RATE SINGLE FAMILY HOMES. THERE'S 67 ACRES DEDICATED TO MARKET RATE MULTIFAMILY HOMES, AS WELL AS SIGNIFICANT ACREAGE DEDICATED TO COMMERCIAL DEVELOPMENT AND LIGHT INDUSTRIAL DEVELOPMENT.IN ALIGNMENT WITH OUR UPDATED TIRZ POLICY AND IN ALIGNMENT WITH OUR STRATEGIC HOUSING IMPLEMENTATION PLAN, THE DEVELOPER WILL DONATE 30 ACRES -- 50 ACRES TO THE SAN ANTONIO HOUSING TRUST IN THE CITY OF SAN ANTONIO FOR THE FUTURE CONSTRUCTION OF AN AFFORDABLE HOMES ON THE PROPERTY. THIS COMMUNITY IS LOCATED OFF 410 NEAR W. W. WHITE AND THE PROJECT ELIGIBLE COSTS INCLUDE STREETS, DRAINAGE AND UTILITIES.
THE PROJECT IS IN PREDEVELOPMENT AND CONSTRUCTION WILL NOT START UNTIL CLOSER TO 2028. THIS PROJECT WAS VERY COMPLEX, MULTIPLE COMPONENTS AND INCLUDED A CONCURRENT ANNEXATION, SO AS PART OF THE EVALUATION PROCESS FOR THIS ONE, THE FINANCE TEAM CONDUCTED AN ANALYSIS REGARDING THE DOCOST OF PROVIDING MUNICIPAL SERVICES TO THE AREA, LOOKED AT EVERYTHING FROM PROVIDING FIRE SERVICES, SOLID WASTE SERVICES, STREET MAINTENANCE, ET CETERA. SINCE THE CITY IS THE ONLY PARTICIPATING TAXING ENTITY AND WE FINALIZED OUR PETITION RATE AT 70% BASED ON THE COST TO PROVIDE CITY SERVICES TO THAT AREA.
SO IN CONCLUSION, THE TIRZ IS MORE THAN A FINANCING TOOL.
IT'S A COMMITMENT TO REVITALIZATION ACROSS THE CITY.
SINCE ADOPTING THE TAX INCREMENT FINANCING OVER 20 YEARS AGO, WE HAVE USED THIS TOOL TO REINVEST IN AREAS THAT HAVE BEEN OVERLOOKED.
AREAS WHICH WITHOUT SIGNIFICANT CITY INVESTMENT WOULD CONTINUE TO REMAIN UNDERUTILIZED. THROUGH PUBLIC, PRIVATE AND OFTENTIMES NONPROFIT PARTNERS, WE ARE IMPROVING INFRASTRUCTURE AND CREATING NEW HOUSING AND ECONOMIC DEVELOPMENT OPPORTUNITIES ACROSS THE COMMUNITY.
SO WE THANK YOU, AND LOOK FORWARD TO ANSWERING ANY QUESTIONS YOU MAY HAVE.
>> MAYOR JONES: THANK YOU. MR. ELLIOTT, FOR CONTEXT, CAN YOU GIVE US A SENSE OF HOW THESE TIRZ ARE USED IN OTHER CITIES AND
HOW WE MIGHT BE DIFFERENT IN OUR IMPLEMENTATION? >> ELLIOTT: I DON'T KNOW IF I HAVE THAT BACKGROUND. I THINK I'D HAVE TO -- DO Y'ALL HAVE BACKGROUND ON HOW THOSE TIRZ ARE USED IN OTHER CITIES? I THINK -- I MEAN, I THINK IT'S GOING TO BE VERY SIMILAR.
WE CAN GO BACK AND LOOK AT OTHER CITIES AND SEE HOW THEY COMPARE, BECAUSE WE'RE ALL OPERATING UNDER THE SAME TAX CODE AND UMBRELLA, I'M ASSUMING THEY'RE OPERATING VERY SIMILARLY, BUT WE CAN GO LOOK AT SOME OTHER CITIES
AND PULL THOSE COMPS FOR YOU. >> MAYOR JONES: AND I'D APPRECIATE UNDERSTANDING. IT SOUNDS LIKE UNDER CHAPTER 311 WE ARE ALLOWED TO USE SOME OF THE FUNDING OUTSIDE OF THE ZONE ITSELF FOR THINGS LIKE AFFORDABLE HOUSING.
CAN YOU SPEAK TO HOW WELL WE HAVE ACTUALLY DONE THAT HERE IN SAN ANTONIO?
>> GARCIA: YES. FOR AFFORDABLE HOUSING SPECIFICALLY AS WE OUTLINED, THE TIRZS CAN BE USED TO CREATE THOUSANDS OF HOMES THAT OTHERWISE WOULD HAVE BEEN COST PROHIBITIVE TO DEVELOP BECAUSE MANY OF THESE AREAS HAD LITTLE TO KNOW INFRASTRUCTURE. WE'RE DOING STREETS, DRAINAGE, ROADS, UTILITIES, SAWS, CPS ENERGY, ALL OF IT HAS
TO BE COMPLETELY BUILT OUT. >> MAYOR JONES: TO BE CLEAR, THE SPECIFIC QUESTION WAS MONEY TAKEN OUT OF A SPECIFIC ZONE TO BE USED FOR RAPHE FORDABLE HOUSING AND -- FOR AFFORDABLE HOUSING
AND OTHER PLACES. >> HOUSTON: MAYOR, THANK YOU FOR THAT QUESTION.
SEVERAL FISCAL YEARS WE TOOK AN ALLOCATION FROM EACH OF THE INNER CITY AREA TIRZ TO CREATE MORE OF A FUNDING SOURCE FOR GAP FINANCING FOR
PROJECTS. >> MAYOR JONES: OKAY. >> HOUSTON: SO WE TOOK SEVERAL MILLION FROM THE INNER CITY TIRZ, WE TOOK SOME FROM THE HOUSTON STREET TIRZ --
THESE AFFORDABLE HOUSING PROJECTS. >> MAYOR JONES: OKAY.
>> HOUSTON: AND THEN WE ALSO LOOK AT IT AS WE ARE RECEIVING REQUESTS FOR FUNDING FOR AFFORDABLE HOUSING PROJECTS, LET'S SAY OUR GAP FINANCING IS LIMITED TO SO MUCH IN FEDERAL FUND, WE MAY TALK TO THAT COUNCILMEMBER AND SAY THIS IS A GREAT PROJECT THAT'S RIGHT OUTSIDE YOUR TIRZ OR IN YOUR TIZ, WOULD YOU BE SUPPORTIVE IF WE MOVE FORWARD AND TOOK THIS TO THE TIRZ BOARD FOR ALLOCATION WHICH FREES UP MORE MONEY ON AFFORDABLE
[00:40:01]
HOUSING. >> MAYOR JONES: I APPRECIATE THAT.
FOR SOME MEMBERS THAT DON'T HAVE A TIRZ IN THEIR COUNCIL DISTRICT, I THINK FOLKS WOULD LIKE TO UNDERSTAND, YOU KNOW, THE WAYS IN WHICH TO A POINT WE ARE BEING STRATEGIC TO USE SOME OF THAT MONEY TO ADDRESS SOME OF HOUSING NEEDS AND OTHER NEEDS THAT ARE NOT IN THAT SPECIFIC ZONE.
I THINK, MRS. GARCIA, YOU WERE GOING TO SAY MAYBE THE NUMBER OF UNITS
PRODUCED. I WELCOME HEARING THAT. >> GARCIA: YES, MA'AM.
WE HAVE PRODUCED ABOUT 700 WITHIN THE CITY-INITIATED TIRZ, ABOUT 721 AFFORDABLE UNITS, AND AS LORI MENTIONED, WE HAD ADDITIONAL FUNDS SET ASIDE THROUGH COLLECTIVE EFFORTS TO HELP FUND SOME FINANCING AND THAT WAS AN ADDITIONAL FUNDING FOR 200 HOME REHAB, AND WE HAVE SEVERAL PROJECTS CONTRIBUTING TO THE AFFORDABLE HOUSING FUND ON THEIR OWN SO THAT WILL BE CREATING FUTURE AFFORDABLE HOUSING.
AND WHEN WE LOOK AT THE GOPER-INITIATED -- DEVELOPER-INITIATED TIRZ THAT DOESN'T INCLUDE THE RROSILLO, AND ABOUT 70% ARE AFFORDABLE.
>> MAYOR JONES: I THINK IT WOULD BE HELPFUL FOR US TO UNDERSTAND THOSE STATS IN PARTICULAR, WHAT PERCENTAGE OF ALL THE HOUSING THAT HAS BEEN CREATED IS, IN FACT, AFFORDABLE AND AT WHAT LEVELS.
OTHER THAN THE LACKLAND ZONE, THE LACKLAND TIRZ, IS THERE ANOTHER ONE THAT
HAS BEEN TERMINATED? >> GARCIA: YES. WE HAVE FOUR TIRZ THAT HAVE BEEN TERMINATED IN THE PAST THREE YEARS, AND I CAN TELL YOU WHICH ONES THOSE ARE. GIVE ME A SECOND. THAT INCLUDES STABLEWOOD FARMS WAS TERMINATED JUST THIS YEAR, AS WAS MISSION CREEK, COUNCIL DISTRICTS 4 AND 3 RESPECTIVELY, THEN WE HAD HALLY HEIGHTS WAS TERMINATED LAST YEAR IN DISTRICT FOUR AND HEATHER'S COVE IN DISTRICT FOUR WAS ALSO TERMINATED LAST YEAR. SO FOUR PROJECTS IN THE LAST TWO YEARS, AND THEN WE HAVE THREE, ONE TERMINATING EACH YEAR FROM NOW THROUGH 2028.
>> MAYOR JONES: OKAY. IT WOULD BE HELPFUL TO UNDERSTAND HOW MUCH MONEY CAME BACK INTO THE GENERAL FUND AS A RESULT OF THOSE BEING
TERMINATED. >> GARCIA: SURE. OF THOSE FOUR THAT WERE TERMINATED AND COLLECTIVELY, THIS IS ABOUT $1.2 MILLION.
FROM THE FOUR THAT WERE TERMINATED IN THE PAST TWO YEARS.
>> MAYOR JONES: OKAY. THANK YOU. >> GARCIA: I THINK I ADDED THAT UP RIGHT. MAYBE A MILLION, 1 MILLION.
>> MAYOR JONES: ACROSS THE FOUR. >> GARCIA: ACROSS ALL
FOUR OF THOSE. >> MAYOR JONES: THAT'S NOT A LOT.
OKAY. CHAIR MUNGIA? >> MUNGIA: SHE'S EQUALLY
AS ENERGIZED AS I AM, TOO. >> MAYOR JONES: BUT
YOU'RE NEXT, VIAGRAN. >> MUNGIA: SO THANK YOU FOR THE PRESENTATION AND FOR THE INTERESTS FOR MY COLLEAGUES AND THE MAYOR ON THIS TOPIC, AND, YOU KNOW, I KNOW A COUPLE YEARS AGO, PCDC DID SOME REVISIONS TO THE TIF POLICY BECAUSE THERE WERE SOME CONCERNS ABOUT IT AND I WOULD SAY QUITE A BIT OF ADDITIONS AND POLICY, WHICH HAS YIELDED THE ROSILLO CREEK TIRZ WHICH I THINK IS A PHENOMENAL PROJECT IN THE DEVELOPER-INITIATED TIRZ THAT'S GOING TO DONATE SIGNIFICANT LAND TO THE HOUSING TRUST, AND THAT'S PART OF THE REQUIREMENT THAT WAS ADDED TO THE POLICY THAT WAS ABOUT AFFORDABLE HOUSING. DISTRICT FOUR HAS BEEN HOME TO MOST DEVELOPER-INITIATED TIRZ AND IF YOU LOOK IN OUR DISTRICT WHERE THESE LOCATIONS ARE, THERE WAS NO LATERAL SUPPORT, THERE WAS NO SEWER, WATER, ELECTRICITY, GOING TO MUCH OF THIS AREA. AND LOOKING AT SOME OF THESE AREAS, 2001, 2006, SOME OF THESE DEVELOPMENTS WERE PROBABLY SOME OF THE FIRST LARGE DEVELOPMENTS SINCE RAY ELLISON IN THAT AREA OF MY DISTRICT. SO WE HAD SEEN FOR YEARS A LACK OF HOUSING, LACK OF INVESTMENT, THESE CAME IN, AND IF YOU GO TO THE HEATHER COVES, HALLY, LACKLAND HILLS, HUNTERS POND, THERE HAS BEEN OTHER MARKET RATE DEVELOPMENTS AS A RESULT OF THAT DEVELOPMENT FROM MANY YEARS AGO THAT DEVELOPED IN THAT DISTRICT. AND SO I THINK THERE'S A DIFFERENCE BETWEEN CITY-INITIATED AND DEVELOPER-INITIATED.
AS YOU CAN SEE, THE DEVELOPER-INITIATED TIRZ HAS VERY MINIMAL IMPACT, AND CORRECT ME IF I'M WRWRONG, 100% BASED ON REIMBURSEMENT FOR THE
DEVELOPER INITIATED? >> GARCIA: YES. IT'S ALL BASED ON THE REIMBURSEMENT AND ONLY THE ACTUAL INCREMENT THEY'RE GENERATING.
>> MUNGIA: AND CAN YOU TALK ABOUT WHAT SOME OF THOSE REIMBURSEMENTS
COULD BE FOR? >> GARCIA: SURE. THEY COULD BE FOR CREATING NEW ROADS, SIDEWALKS, STREET LIGHTING, CREATING UTILITIES SUCH AS POWER, WATER, SEWER, DRAINAGE IMPROVEMENTS ARE USUAL, CLEARING THE LAND AND ANY SOFT COST ENVIRONMENTAL REVIEWS.
>> MUNGIA: AND SO IF YOU CAN STAY THERE REAL QUICK, I I SEED THAT HERE IN THE AUDIENCE AND HE'S BEEN DOING A LOT OF GREAT WORK ON THE VERANO
[00:45:05]
TIRZ, THAT'S BUILT ONE OF THE NICER DEVELOPMENTS ON THE SOUTH SIDE OF SAN ANTONIO, I KNOW THAT'S A CITY-INITIATED ONE, BUT IT'S SIMILAR TO A DEVELOPER TIRZ. CAN YOU TALK A LITTLE BIT HOW IT'S DIFFERENT THAN THE INNER CITY TIRZ AND HOW IT OPERATES? GANS GA>> GARCIA: THE VERANO TIRZ HAS THAT ONE DEVELOPER, THE SOUTH STAR, AND THROUGH THEIR MASTER PLANNING EFFORT, THIS PROJECT IN PARTICULAR WILL BE CREATING 650 HOMES, 22 TOWNHOMES, THERE'S MULTIFAMILY, THERE'S A MEDINA GREENWAY TRAIL, SO A TOTAL OF FIVE PARKS, INCLUDES PUBLIC ART, SO IT'S A VERY SPECIFIC MASTER PLAN THE DEVELOPMENT AND THE TIRZ IS GOING TO COVER ALL OF THE IMPROVEMENTS THAT ARE RELATED TO THAT. AND SO IT'S ALSO IN COVERING THE IMPROVEMENTS THAT ARE AROUND PALO ALTO AS WELL AS TEXAS A&M, SO REALLY MAKING SURE THAT THIS AREA WHERE TEXAS A&M-SAN ANTONIO WAS STARTED, WHICH ALWAYS HAD HOPE TO HAVE HOUSING, RETAIL, COMMERCIAL DEVELOPMENT ALL AROUND IT, FOR YEARS THAT WASN'T HAPPENING. SO THROUGH THE DEVELOP -- THROUGH THE VERANO TIRZ, THE FUNDING WAS MADE AVAILABLE TO CREATE THE INFRASTRUCTURE SO ALL OF THE RETAIL AND RESIDENTIAL COULD BE
BUILT UP AROUND IT. >> MUNGIA: YEAH, AND I WOULD SAY THAT'S ONE OF THE FASTEST GROWING PARTS OF MY DISTRICT, AND PROBABLY DISTRICT THREE AS WELL. PRIMARILY BECAUSE OF THIS TIRZ, WHAT'S DONE IN THAT AREA. AS YOU SAID, A&M-SAN ANTONIO, PALO ALTO ARE WITHIN THIS TIRZ AND THOSE ARE TWO SOUTH SIDE HIGHER EDUCATION ENTITIES, SO VERY EXCITING DEVELOPMENT THAT'S HAPPENING OUT THERE. AND, AGAIN, THAT'S ALL, RIGHT, REIMBURSEMENT TO
THAT, TO WHAT HE HAS TO PUT UP FRONT COSTS. >> GARCIA: YES.
>> MUNGIA: AND THAT'S FOR EVERY DEVELOPER-INITIATED TIRZ, CORRECT?
>> GARCIA: YES, THEY PUT UP ALL THE MONEY UP FRONT. THEY REALLY DO BEAR THE RISK BECAUSE THEY'RE COVERING ALL THAT UP FRONT AND THEY ONLY GET UP TO WHAT THE INCREMENT GENERATES. AND IF THE ZONE TERMINATES BEFORE THEIR FULL REIMBURSEMENT, IT DOES REQUIRE ADDITIONAL
CITY COUNCIL APPROVAL TO EXTEND THAT. >> MUNGIA: SO, FOR EXAMPLE, LACKLAND HILLS, 2001, IT IS STILL ONGOING BECAUSE THE DEVELOPER HAS
NOT BEEN FULLY REIMBURSED FOR THOSE. >> GARCIA: EXACTLY.
SO THEY BUILT EVERYTHING OUT, 100% COMPLETED, BUT THEY STILL HAVE ADDITIONAL YEARS TO RECEIVE THEIR FULL REIMBURSEMENT.
>> MUNGIA: RIGHT. AND SO 2001, THEY SPENT, LET'S JUST SAY $25 MILLION, ARE YOU CONSIDERING INFLATION FOR REIMBURSEMENT, OR IS IT JUST A FLAT WHATEVER
IT WAS PAID BACK THEN. >> GARCIA: IT'S BASED ON WHAT WAS PAID BACK THEN.
THE PREVIOUS MAX REIMBURSEMENT AMOUNT AGREED UPON.
>> MUNGIA: SO THERE'S NO INFLATIONARY -- >> JUST TO CLARIFY, SOME OF THE NEWER TIRZ, SOME OF THEM DO ACCOUNT FOR INFLATION, BUT SOME OF
THEM DO NOT, SO IT VARIES BASED ON THE TIRZ. >> MUNGIA: THANK YOU FOR THAT. AND I'M NOT SURE WHOSE BEST TO ANSWER SOME OF THE UPDATED THINGS WE DID FOR TIRZ, SO ONE OF THEM WAS A DIA, A DISPLACEMENT IMPACT ASSESSMENT, WHICH WAS BROUGHT UP ON THE CONVERSATION ON THE HEMISFAIR TIRZ. CAN YOU TALK A LITTLE BIT ABOUT WHAT THAT
REQUIREMENT IS FOR EVERY PROJECT. >> GARCIA: SURE.
SO THE DEVELOPER GIVES US INFORMATION ON HOW MANY ADDITIONAL HOMES THEY'RE CREATING, HOW IT'S GOING TO CHANGE THE POPULATION OF THE AREA, WE LOOK AT VULNERABILITY FACTORS SURROUNDING THE PROPOSED DISPLACEMENT SUCH AS NUMBER OF HOMES THAT HAVE GONE TO FORECLOSURE, EVICTION RATES, THERE ARE OVER 20 DIFFERENT DATA POINTS THAT WE REVIEW, AND WE WILL NOT SAY -- PROJECTS WILL NOT BE DENIED BASED ON THAT ASSESSMENT, BUT IT HELPS INFORM BEFORE THOSE FUNDING RECOMMENDATIONS ARE MADE.
SO WE'LL IDENTIFY IF IT'S LOW RISK FOR SURROUNDING DISPLACEMENT ALL THE WAY UP TO HIGH RISK. AND WE'LL PROVIDE THAT TO THE BOARD OR AN EVALUATION COMMITTEE IN ADVANCE, AND IF A PROJECT IS MEDIUM OR HIGH RISK, THEN THE EVALUATION COMMITTEE OR THE BOARD MAY REQUEST THE DEVELOPER DO OUTREACH OR HELP FUND THINGS THAT WOULD HELP ADDRESS POTENTIAL INDIRECT DISPLACEMENT. FOR EXAMPLE, IF ONE OF THE REASONS IT'S MEDIUM RISK IS BECAUSE THE HOMES ARE IN FAIR TO POOR CONDITION, WE MAY ASK THEM TO HELP WITH HOME REHAB OR GETTING THE WORD OUT ABOUT IT.
>> MUNGIA: AND THAT'S FOR EVERY PROJECT WITHIN THAT TIRZ, OR WHAT'S THE --
>> GARCIA: SINCE THE POLICY WAS ADOPTED IN 2022, NEW COMMUNITIES GO
THROUGH A STAFF DISPLACEMENT ASSESSMENT. >> MUNGIA: I'LL ASK THIS BEFORE BUT I'LL ASK IT AGAIN, WILL THAT BE A REQUIREMENT OF THE HEMISFAIR TIRZ SINCE WE'RE USING THAT FOR THE STADIUM.
>> GARCIA: YES. >> MUNGIA: IT WILL BE. THANK YOU FOR THAT.
AND REAL QUICK, SOME OF THE OTHER TIRZ THAT ARE MORE IN THE INNER CITY, DISTRICTS 1, 2, 5, HOW ARE THOSE PROJECTS EVALUATED AND DETERMINED BY THE BOARD BEFORE IT GETS TO COUNCIL? HOW DO N THOSE PROJECTS
COME ABOUT TO BE FUNDED THROUGH. >> GARCIA: IN THE
CITY-INITIATED TIRZ. >> MUNGIA: YES. >> GARCIA: SOMETIMES IT IS DEPARTMENT RECOMMENDATIONS, MAYBE THE WORLD HERITAGE CENTER
[00:50:02]
IS AN EXAMPLE OF DEPARTMENT AND PARTNER RECOMMENDATIONS, OR SOMETIMES IT COMES FROM NONPROFIT OR PRIVATE ENTITIES, MAYBE SOMEONE WANTS TO CREATE AFFORDABLE HOUSING OR A NONPROFIT WANTS TO EXPAND THEIR CAMPUS, BUT ALL OF THOSE COME TO OUR DEPARTMENT FOR REVIEW, WE CONDUCT AN ANALYSIS IN PARTNERSHIP WITH THE FINANCE DEPARTMENT, AND WE RECOMMEND IF THE TIRZ HAS SUFFICIENT FUNDING AVAILABLE, SOMETIMES THEY NEED UP FRONT FUNDS, SOMETIMES IT'S OVER TIME.AND THEN WE MAKE THAT RECOMMENDATION TO THE BOARD OF WHETHER OR NOT IT'S FEASIBLE. AND THEN THE BOARD DECIDES IF THEY WANT TO FUND IT OR NOT, AND THEN WE WILL TAKE IT TO COUNCIL AFTER THAT FOR
FINAL APPROVAL. >> MUNGIA: SURE. AND HOW ACTIVE TO COUNCILMEMBERS GET FOR CITY-INITIATED TIRZ AS FAR AS RECOMMENDING PROJECTS OR ADVOCATING FOR PROJECTS IN THAT RESPECTIVE TIRZ THAT THEY
REPRESENT. >> GARCIA: YEAH, WELL, MANY COUNCILMEMBERS SIT ON THE BOARD, SOME OF THEM CHAIR BOARDS, SO WE GET LOTS OF RECOMMENDATIONS FROM COUNCILMEMBERS. YOU KNOW, YOU KNOW YOUR DISTRICTS VERY WELL, WHAT THE NEEDS ARE AND THE GAPS IN SERVICES, SO WE DEFINITELY RELY ON THOSE RECOMMENDATIONS TO LOOK AT WHAT THE TIRZ IS
POSSIBLE TO FUND. >> MUNGIA: AND FOR EVERY ALLOCATION OF TIRZ DOLLAR THAT'S APPROVED BY THE BOARD, IT ALSO HAS TO BE APPROVED BY CITY
COUNCIL. >> GARCIA: YES. >> MUNGIA: OKAY.
ALL RIGHT. THOSE ARE ALL MY QUESTIONS.
THANK YOU. >> MAYOR JONES: CHAIR VIAGRAN?
>> VIAGRAN: THANK YOU, MAYOR. THANK YOU FOR THE PRESENTATION, THANK YOU FOR WORKING SO HARD. I HAVE THE DISTINCT HONOR OF HAVING QUITE A FEW TIRZ IN MY DISTRICT, BOTH CITY-INITIATED AND DEVELOPER-INITIATED TIRZ. AND FOR DECADES THE SOUTH SIDE WAS PRIMARILY SEEN AS A DUMPING GROUND FOR UNWANTED AND UNDESIRABLE SEWAGE PROJECTS AND 'DOME DIRT AND ALL SORTS OF THINGS.
AND THIS WAS -- TIRZ PROVIDED AN OPPORTUNITY FOR US TO LEVERAGE, AND I STILL GIVE THE SPEECHES TODAY, AS MANY OF YOU KNOW, IS WHEN WE TALK ABOUT F STREETS, LET'S TALK ABOUT NO STREETS. BECAUSE OF T DEVELOPER-INITIATED TIRZ I HAVE SEEN WHOLE NEW COMMUNITIES COME UP.
SO I'M REALLY IN FAVOR OF THIS TOOL, AND I THINK AS VERONICA STATED IN TERMS OF FUNDS FOR GENERAL FUND, IT'S JUST NOT THERE, BECAUSE THEY'RE BUILDING STREETS THAT EITHER OTHERWISE WOULD NOT BE BUILT OR WE WOULD BE LOOKING AT BOND PROJECTS TO BUILD THESE STREETS OUT.
AND AS Y'ALL ALL HAVE SEEN THE SOUTHERN SECTOR OF SAN ANTONIO BETWEEN DISTRICT FOUR AND DISTRICT THREE HAS GROWN TREMENDOUSLY BECAUSE WE HAVE THE LAND AND WE HAVE THE SPACE, AND NOW WE HAVE THE AMENITIES.
AND THAT BRINGS ME TO, I GUESS, WHERE WE REALLY HAVE THE -- BECAUSE THE DEVELOPER-INITIATED TIRZ, AND CORRECT ME IF I'M WRONG, ANDY, WE GO INTO CONTRACT WITH THEM. SO THOSE FUNDS ARE PRETTY MUCH GUARANTEED TO PAY
THEM BACK FOR WHAT THEY'VE DONE, CORRECT? >> SEGOVIA: COUNCILWOMAN, YES. EACH PROJECT HAS AN ASSOCIATED AGREEMENT WITH
IT. >> VIAGRAN: SO AS WE SWITCH OVER TO THE CITY-INITIATED TIRZ, AND THESE TIRZ ARE THE ONES THAT I THINK WE'RE LOOKING AT WHERE WE HAVE THE OPPORTUNITY TO LOOK FOR GENERAL FUND DOLLARS AND, AGAIN, WITH THE PURCHASE OF THE ITC, WHICH I THINK WHATEVER'S GOING THERE, THE CITY NEEDS TO PURCHASE MORE PROPERTY DOWNTOWN, IS THAT IT SHOULD COME FROM THE TIRZ TO DO THAT PURCHASE OF THERE.
I THINK WHAT WE SEE IN THE CITY-INITIATED TIRZ IS HOW WE MOVE FORWARD, BUT THE DIFFICULTY OF RELATIONSHIPS WHEN YOU GET TO WHAT IS SAN ANTONIO, OLD SAN ANTONIO OR ORIGINAL SAN ANTONIO.
AND WHEN I LOOK AT MY THREE CITY-INITIATED TIRZ, WHICH IS BROOKS, VERANO AND MISSION DRIVE-IN, THE ONE THAT HAS BEEN MOST PROBLEMATIC HAS BEEN MISSION DRIVE-IN, AND THAT IS BECAUSE WE ARE TRYING TO COORDINATE WITH THE ARCHDIOCESE, WITH NATIONAL PARKS, WITH THE STATE, WITH THE COUNTY AND THEN WITH THE CITY AS WE MOVE FORWARD THERE.
SO EVEN THOUGH IT LOOKS LIKE WE HAVE A MILLION DOLLARS, THAT'S A MILLION DOLLARS THAT SHOULD HAVE BEEN SPENT ON TR STREET IMPROVEMENTS THAT GOT PLACED ON HOLD BECAUSE OF -- OF OUR RELATIONSHIP WITH THE STATE AND WHAT WE'RE GOING DO THERE. AND I THINK AT WHEN WE LOOK FURTHER DOWN ROOSEVELT AND WE LOOK AT -- FURTHER DOWN ROOSEVELT, WHICH IS, YOU KNOW, -- DEVELOPER-INITIATED TIRZ, OR PETITION-INITIATED TIRZ, WHEN WE LOOK AT LOMA MEZA, THEY'VE BEEN ABLE TO SUCCEED WITH VERY FEW AMENITIES.
IF YOU LOOK OVER ON THAT SPECIFIC PORTION OF MY CITY-INITIATED TIRZ, I DO NOT HAVE AN H-E-B, I DO NOT HAVE THE TREMENDOUS CHILDCARE CENTERS.
[00:55:04]
I STILL HAVE THE DESERTS. SO THIS IS -- THIS IS REALLY WHERE WHEN I LOOK AT THE CITY-INITIATED TIRZ IS WE'RE REALLY TRYING TO ADDRESS WHAT OTHER DESERTS WE HAVE IN THAT AREA OTHER THAN JUST THE HOUSING AND HOW DO WE BRING THAT IN WITH DEVELOPMENT.SO I WANT TO THANK Y'ALL FOR THE PRESENTATION. I KNOW IT'S A LOT OF INFORMATION AND I KNOW SOME OF Y'ALL ARE LIKE, I DON'T HAVE ONE IN MY DISTRICT, I WANT ONE IN MY DISTRICT. YOU MAYBE REALLY DON'T.
IT'S A LOT OF COORDINATION, IT'S ANOTHER BOARD YOU GET TO SERVE ON, AND IT JUST -- IT REALLY IS -- IT IS BRINGING A LOT OF STAKEHOLDERS TOGETHER. SO I'M APPRECIATIVE OF WHAT WE HAVE.
I ENJOY HOW WE USE THE TOOL, BUT, AGAIN, I LIKE PETITION-INITIATED TIRZ OR DEVELOPER-INITIATED TOOLS, BUT I THINK THE CITY-INITIATED TIRZ ARE A GOOD TOOL AND I'LL LOOK FORWARD TO HOW WE USE THEM IN THE FUTURE, BUT I'M NOT SURE WHEN WE TAKE INTO CONSIDERATION ALL THE STAKEHOLDERS, THAT WE NEED TO KIND OF LOOK FAR AND WIDE FOR HOW WE'RE GOING TO FIX OUR BUDGET PROBLEMS. THANK YOU, MAYOR.
>> MAYOR JONES: CHAIR KAUR? >> KAUR: THANK YOU, MAYOR. I WANT TO SAY THANK YOU TO THE FOLKS THAT WERE SITTING IN THOSE CHAIRS -- THINK THAT -- STAFF FOR YOUR LEADERSHIP ON THIS. I WANT TO START OFF BY THANKING -- ALSO THANKING SOME OF THE COMMUNITY FOLKS THAT WE HAVE IN THE ROOM, SO WE'VE GOT FOLKS FROM -- WE'VE GOT CEOS OF THE ZOO, IF Y'ALL WILL STAND. ZOO, BRACK, WITTE AND BOTANICAL GARDENS, THANK YOU. AND THESE FOLKS ARE THE ONES DOING REALLY GREAT WORK FOR OUR NONPROFITS THAT ARE IN CITY-OWNED FACILITIES THAT GET BENEFIT FROM ONE OF THE TIRZ THAT WE'RE GOING TO BE TALKING ABOUT, SO I WANT TO THANK YOU ALL FOR YOUR LEADERSHIP AND WORK.
I'LL TALK ABOUT SOME OF THE THINGS THAT I THINK ARE THE MOST EXCITING ABOUT THE TIRZ AND WHAT THEY'VE BEEN ABLE TO BE USED FOR.
LIKE I MENTIONED, SOME OF THESE TIRZ HAVE REALLY ALLOWED FOR SPUR-UP DEVELOPMENT IN AREAS THAT HAVE BEEN PREVIOUSLY VERY UNINVESTED IN.
FOR EXAMPLE, I'LL TALK ABOUT THE MIDTOWN TIRZ AT THE PEARL DEVELOPMENT, IT WAS ONE OF THE HIGHEST CRIME RATES IN OUR CITY, THAT AREA WAS BACK IN THE '90S, AND THAT DEVELOPMENT AND DEVELOPMENT THERE HAS REALLY CHANGED. THERE WAS SOME REALLY GREAT POLICIES THAT INCENTIVIZED HOUSING WITH THE C SHIP AND I STILL HAVE FOLKS COMING TO ME ASKING FOR IT, BUT THERE WAS ALSO SOME CHALLENGES, SO THE LEADERS THAT SAT IN OUR SEATS BEFORE US RECOGNIZED THAT THERE WAS CHALLENGES WITH THAT POLICY. AND BECAUSE OF THAT, A LOT OF HOUSING WAS CREATED, BUT A LOT OF IT WAS ALSO MARKET RATE HOUSING.
AND SO IN ORDER TO TRY TO SHIFT FROM ONLY MARKET RATE INCENTIVES TO MORE AFFORDABLE HOUSING, OUR TIRZ POLICIES HAVE SHIFTED AS WELL TO KEEP UP WITH THAT DIRECTION, SO WE DID A GREAT JOB OF INCENTIVIZING MARKET RATE AND TO ALL THE FOLKS, WE STILL NEED MARKET RATE HOUSING BUT WHAT WE REALLY NEED TO FOCUS ON INCENTIVIZING IS AFFORDABLE HOUSING, BECAUSE THAT'S WHERE WE SEE THE REAL GAP. PARTICULARLY WHAT WE'VE BEEN TALKING ABOUT FOUR OUROUR SHIP GOALS, TWO AND THREE BEDROOM UNITS BECAUSE THAT'S OUR BIGGEST GAP. WE'VE BEEN ABLE TO USE THE FUNDING THERE TO PIVOT TO SUPPORT SOME OF OUR NONPROFIT ORGANIZATIONS THAT I JUST RECOGNIZED THAT ARE DOING GREAT WORK FOR KIDS.
THE ZOO HASN'T HAD A GOR GORILLA EXHIBIT IN 30 YEARS AND ONE IS COMING. I'M EXCITED ABOUT OUR KIDS FROM OUR MOST LOW-INCOME AND VULNERABLE COMMUNITIES TO BE ABLE TO SEE THAT.
I'VE BEEN ABLE TO WORK WITH THE ZOO TO DO FIELD TRIPS FROM ALL OF OUR SCHOOLS AND WE HAVE A LIST OF ALL OF OUR ELEMENTARY SCHOOLS THAT GET TO GO OUT FOR FREE AND ENJOY THAT AMENITY, BECAUSE ACCESS, WE KNOW, IS REALLY IMPORTANT, RIGHT? HAVING A SHINY, AMAZING ZOO THAT WAS RANKED TOP TWO IN NEWS WEEK, BEST ZOO IN THE STATE IS GREAT. BUT IF ALL OF OUR KIDS DON'T GET TO ACCESS IT, IT FEELS KIND OF -- IT DOESN'T FEEL FAIR. AND THAT'S WHY WE HAVE TO CONTINUE TO DOUBLE DOWN ON EDUCATION AND ACCESS FOR ALL OF OUR COMMUNITIES. BUT THAT TO SAY, I WAS EXCITED -- I WASN'T ON COUNCIL WHEN THE MIDTOWN TIRZ DIRECTION WAS SHIFTED, BUT THE BOARD MAKEUP FOR THAT ONE SPECIFICALLY HAS FOLKS FROM ALL OF THESE ORGANIZATIONS AND ALSO HAS FOLKS FROM THE NEIGHBORHOODS AROUND, AND PARKS AND REC AS WELL. SO THERE IS A REALLY DIVERSE GROUP OF FOLKS THAT ARE OVERSEEING THAT BOARD. ONE OF MY BOARD MEMBERS WAS ACTUALLY FROM THE RIVER ROAD NEIGHBORHOOD HAS A REALLY GREAT IDEA FOR SMALL SCALE RENTAL REHAB TO BE USED FROM THE MIDTOWN TIRZ, AND THAT'S
[01:00:05]
A PROJECT THAT I THINK THAT WOULD BE A REALLY GREAT PILOT OUT OF THAT TIRZ. SO WHAT IT IS, IF YOU GO LOOK AT SOME OF OUR OLDER NEIGHBORHOODS, THERE'S A LOT OF TWO TO SIX UNIT OLD MULTIFAMILY UNIT TION UNITS THAT HAVEN'T BEEN RENOVATED. THEY STILL HAVE -- WHAT IS IT CALLED, WINDOW AC UNITS WHEN YOU'RE WALKING BY AND BLOCK WALKING, THOSE WE WOULD LOVE TO SEE UPGRADED BUT IF SOME INVESTOR COMES AND BUYS THEM, THEY'RE GOING TO MAKE THEM MARKET RATE. SHE HAS AN IDEA TO PILOT THIS PROGRAM OUT OF THE MIDTOWN TIRZ, AND THAT'S SOMETHING THAT HAVING A TIRZ ENABLES US TO DO. IT ENABLES US TO TRY POLICY THAT WE BELIEVE IS IMPORTANT FOR OUR DISTRICTS AND GET TO -- OUR BOARD MEMBERS GET TO SUPPORT. IF THE FUNDS GO BACK TO THE GENERAL FUND, WE DON'T HAVE THAT DIRECT ACCESS TO WHERE THE FUNDS GO.IT MIGHT GO TO 40 ADDITIONAL POLICE OFFICERS, AND SO WHAT WE REALLY WANT TO FIGURE OUT IS HOW CAN WE ENSURE THAT THE GOALS OF AFFORDABLE HOUSING CONTINUE TO GET MET WITH WHAT WE HAVE SET UP.
SO I THINK THERE'S SOME GREAT POINTS THAT COUNCILMEMBER MUNGIA BROUGHT UP IN TERMS OF OUR VOTE, THE TIRZ VOTES GETTING -- BOARD MEMBERS GETTING TO VOTE ON THE TIRZ AND THEN IT COMING TO COUNCIL.
AND I ALSO THINK THERE'S ROOM FOR US TO REALLY HONE IN ON WHAT ARE THE KPIS THAT WE'RE LOOKING AT FOR OUR TIRZ, CAN WE SET A LITTLE BIT STRONGER GOALS ON HOUSING FROM THEM, CAN WE SAY FROM ALL OF OUR CITY-INITIATED TIRZ, I KNOW YOU AMERICAN YOU MENTIONED IT WAS LIKE 700 UNITS, X R CAN WE SAY NEXT YEAR OUR GOAL IS TO GET TO 1,000, LET'S SET SOME REALLY STRONG GOALS AND MAKE SURE THE PROJECTS THAT ARE COMING ARE ALSO DONE IN AN EQUITABLE WAY. I KNOW THAT YOU MENTIONED PROJECTS JUST COME BECAUSE THEIR DIRECTOR HAS A GREAT IDEA FOR THE WORLD HERITAGE OFFICE WHICH WAS AN AMAZING USE OF FUNDS, BUT WE ALSO WANT TO MAKE SURE THAT FOLKS IN THE COMMUNITY THAT MIGHT NOT HAVE A ROCK STAR LOBBYIST BEHIND THEM ALSO GET ACCESS TO APPLY FOR THESE FUNDS IN AN EQUITABLE WAY. SO MAKING SURE THAT PROCESS IS VERY VISIBLE, THAT ALL MAYBE APPLICATIONS GET HEARD BY THE BOARDS THEMSELVES FOR THE ONES THAT ARE RECEIVED, AND THAT THERE'S AN OPEN CALL ON AN ANNUAL BASIS FOR APPLICATIONS THAT ARE DIRECTED TOWARD SPECIFIC GOALS, WHETHER THAT MEANS SMALL SCALE AFFORDABLE HOUSING OR DIFFERENT OTHER PRIORITIES THAT WE COULD SET AS A COUNCIL. SO THAT WOULD BE MY PITCH FOR HOW WE CAN TRY TO REORGANIZE AND MAKE SURE THAT THESE FUNDS ARE BEING USED IN THE BEST WAY POSSIBLE. I DO WANT TO SAY PUBLICALLY AGAIN THAT I KNOW THE MIDTOWN TIRZ WAS LISTED ON THERE FOR ITC, AND I WANT TO SHARE THAT NOT ONLY THE STAKEHOLDERS HERE, BUT A LOT OF THE COMMUNITY THERE WOULD LIKE TO SEE THAT FUNDING TO -- WE FIGURE OUT A DIFFERENT SOLUTION FOR THAT, SO I WANT TO MAKE SURE THAT THAT IS STATED. AND WE'VE GOT TO GET CREATIVE ON HOW TO DO THAT PIECE. ALSO, TROY, YOU SAID ST. MARY'S STREET WHEN YOU READ THE SLIDE, AND THAT GAVE ME A LITTLE BIT OF TRAUMA.
THE FUNDING THAT WAS USED FOR THIS WAS FOR THE BICYCLE LANES ON ST.
MARY'S AVENUE. IT WAS -- AVENUE B. IT WAS AVENUE B BICYCLE LANES AND NOT ST. MARY'S STREET. THAT FUNDING CAME FROM BOND FUNDING, JUST WANTED TO MAKE SURE WE CLEARED THAT UP.
AND THEN THE LAST THING I'LL SAY FOR HOUSTON STREET TIRZ BECAUSE THAT'S ANOTHER ONE THAT WE GET THE OPPORTUNITY TO SEE GROW, SOME OF MY FAVORITE THINGS THAT WE'VE SUPPORTED OUT OF THE HOUSTON STREET TIRZ IS THE SACAM, IS THE AFRICAN-AMERICAN MUSEUM THAT IS GOING TO BE THE LARGEST IN THE COUNTRY, AND WE WERE ABLE TO HELP THEM ACQUIRE THEIR LAND AND HOPEFULLY CAN CONTINUE TO SUPPORT THEM AS THEY GROW TO DEVELOP OUT THEIR AMAZING CONCEPT. WE WERE ALSO ABLE TO HELP LOCAL ART NONPROFIT, ART PACE, WITH SOME FACILITY SPACE THEY NEEDED, AND ADDITION HOLIDAYS ON HOUSTON STREET, ALL THE LIGHTING AND THINGS LIKE THAT THAT WE'VE BEEN CREATING. I KNOW COUNCILMAN MCKEE-RODRIGUEZ AND I'M SURE COUNCILMAN CASTILLO-ANGUIANO WILL -- DID I SAY THAT -- CASTILLO-ANGUIANO WILL TALK ABOUT IT, BUT HE'S BEEN ABLE TO USE THE INNER CITY TIRZ FOR SOME CREATIVE THINGS AS WELL, AS WELL AS D COUNCILWOMAN CASTILLO. I'M RANTING, BUT THOSE ARE SOME OF THE AMAZING PROJECTS WE'VE BBILITY ABLE TO DO OUT OF THIS
WORK. THANKS, MAYOR. >> MAYOR JONES: YEAH.
COUNCCOUNCILMAN WHYTE. >> WHYTE: THANKS, MAYOR, I DON'T HAVE A LOT ON THIS, BUT FIRST TO CLARIFY, WE HAVE BINDING AGREEMENTS ON THE CITY-INITIATED TIRZ AS WELL, RIGHT, THAT ARE
ASSOCIATED WITH THOSE TIRZ. >> WALSH: SURE, ONCE
APPROVED BY COUNCIL, YES. >> SEGOVIA: YES.
>> WHYTE: SO WE'VE GOT AGREEMENTS ON BOTH, OF COURSE, I WOULD HOPE THAT WE WOULD HONOR. LOOK, I'M THE FIRST ONE TO SIT UP HERE AND SAY WHEN I THINK WE'RE DOING THINGS WRONG, BUT I THINK OUR TIRZ POLICY AND HOW WE'VE ACTED FOR THE MOST PART RELATED TO THESE TIRZ IS PRETTY DARNED GOOD. AND I THINK COUNCILMAN MUNGIA REALLY LAID IT OUT
[01:05:06]
PRETTY WELL IN TERMS OF SOME OF THE HISTORY IN SOME OF THE TIRZS IN HIS DISTRICT. I JUST DON'T WANT US TO BE SHORT SIGHTED, RIGHT? IT'S EASY TO SAY RIGHT NOW WE'VE GOT BUDGET DEFICIT AND LET'S GO TRY TO FILL UP THE GENERAL FUND, BUT THESE ARE -- THESE ARE LONG-TERM INVESTMENTS THAT DO SO MUCH FOR OUR CITY. AND IT'S REALLY GROWTH -- GROWTH PAYING FOR GROWTH IN A LOT OF WAYS. SO -- SO I'M PLEASED WITH HOW -- WITH WHAT OUR POLICY IS AND HOW THESE TIRZ ARE, I THINK, POSITIVELY AFFECTING AREAS OF SAN ANTONIO THAT NEED -- THAT NEED INVESTMENT. AND SO I HOPE THAT WE -- THAT WE CONTINUE DOWN THIS PATH, WE'RE PATIENT, WE ALLOW THESE TIRZS TO RUN THEIR COURSE AND DO WHAT THEY'RE DOING, WHICH I THINK IS IMPROVING THE WAY THE CITY USES ITS LAND FOR THE BENEFIT OF OUR CITIZENS. THANKS.COUNCILWOMAN CASTILLO? >> CASTILLO: THANK YOU, MAYOR.
THANKS, Y'ALL, FOR THE PRESENTATIONS. ONE OF THE PRIMARY CONCERNS THAT I HEAR FROM RESIDENTS IN TERMS OF THE OVERALL TIRZ STRUCTURE IS THE WAYS IN WHICH OFTENTIMES INVESTMENTS AND ITEMS THAT ARE APPROVED BY COUNCIL DON'T NECESSARILY BENEFIT THE GREATER COMMUNITY.
I THINK SOME OF THE WORK THAT WE'VE DONE WITHIN THE WEST SIDE TIRZ AND THEN UNDER THE LEADERSHIP OF COUNCILMAN MCKEE-RODRIGUEZ AND THE HOUSTON STREET TIRZ WE'VE BEEN ABLE TO SHIFT TO ASSURE WE'RE MEETING THE NEEDS OF THE COMMUNITY, WHAT ARE THEY REQUESTING, SUPPORTING NONPROFIT, DEEPLY AFFORDABLE HOUSING AND LAND BANKING. HOWEVER, IN TERMS OF THE CITY-INITIATED TIRZ AS A WHOLE, TROY, CAN YOU REMIND ME WHICH OF THE CITY-INITIATED TIRZ DO NOT HAVE A COUNCILMEMBER SIT ON THAT BOARD?
>> ELLIOTT: SO HOUSTON STREET -- I'M GOING TO KIND OF GO THROUGH THEM.
HOUSTON STREET HAS DR. KAUR, INNER CITY. WE HAVE THREE COUNCILMEMBERS, BROOKS DOES NOT HAVE A COUNCILPERSON, AND MISSION DRIVE-IN. IT LOOKS LIKE THE REST OF THEM, WEST SIDE, MIDTOWN, LOOKS LIKE THE REST OF THEM ALL HAVE COUNCILPEOPLE THAT
ARE -- >> CASTILLO: MIDTOWN DOES NOT HAVE A
COUNCILMEMBER. >> ELLIOTT: NO, IT DOESN'T.
I'M SORRY. >> CASTILLO: AND HEMISFAIR.
I REQUESTED THESE NUMBERS FROM NHSD, I UNDERSTAND IT WAS A SHORT TURNAROUND BUT SOME OF THE ROUGH NUMBERS THAT WE PULLED, THE MAJORITY OF HOUSING THAT'S BEEN PRODUCED FROM BOTH OF THOSE TIRZ HAVE BEEN MARKET RATE.
AND I UNDERSTAND THE ARGUMENT, RIGHT, THAT WE NEED TO PRODUCE HOUSING AT ALL LEVELS, BUT WHEN WE LOOK AT ROUGHLY 30 PROJECTS AND ONLY FOUR OF WHICH LIKELY PRODUCED AFFORDABLE HOUSING, I HAVE CONCERN, ESPECIALLY GIVEN THAT WITHIN THE TIF POLICY, IT DOES MENTION AND PRIORITIZE, AS STATED IN THE PRESENTATION, TO ENSURE THAT WE ARE PRODUCING DEEPLY AFFORDABLE HOUSING, SO IN TERMS OF THE BREAKUP OF THE 721 UNITS THAT WERE PRODUCED, CAN WE GET A BREAKDOWN BASED OFF OF AMI OF WHAT THOSE 721
LOOK LIKE? >> GARCIA: YES, WE CAN PROVIDE THAT AND I'LL CLARIFY THAT THE FOUR THAT ARE THE NEWER ONES, MANY OF THE PREVIOUS ONES WERE DONE BEFORE THE 2022 POLICY, WHICH DIDN'T REQUIRE AFFORDABILITY.
>> CASTILLO: YEAH, AND THAT'S WHY I HIGHLIGHT, RIGHT, THE LEADERSHIP -- WITHIN THE WEST SIDE TIRZ, RIGHT, AND THE BOARD MAKEUP AS WELL AS THE BOARD THAT COUNCILMAN MCKEE-RODRIGUEZ SITS ON BECAUSE IT HAS BEEN A PRIORITY IN ENSURING THAT WE ARE PRODUCING THAT DEEPER AFFORDABILITY.
AND I RAISE THAT POINT, RIGHT, BECAUSE TWO PROJECTS THAT HAVE BEEN MOVED FROTHER BY COUNCIL THAT -- FORTH THAT TO A TIRZ, FOR EXAMPLE, PROJECT MARVEL AND MISSIONS BASEBALL STADIUM, THERE IS A HOUSING COMPONENT. AS MENTIONED THROUGH THE PROJECT MARVEL THAT HOUSING PROJECT THAT'S GOING TO BE FINANCED THROUGH THE TIRZ, IT IS GOING TO BE MARKET RATE, RIGHT? SO, YES, WE DO HAVE THE POLICY THAT WAS ADOPTED, BUT WE SEEM TO OVERRIDE THAT POLICY, RIGHT, WHEN -- WHEN IT'S CONVENIENT. SO I GUESS MY QUESTION IS, IN TERMS OF PROJECT MARVEL AND THE MISSION CONVERSATION, WILL THERE BE AN AFFORDABLE HOUSING COMPONENT AS -- BASED UPON THE TIF POLICY, OR IS THAT SOMETHING THAT BASED OFF THE COUNCIL WILL NOT INCLUDE
AFFORDABLE HOUSING? >> WALSH: SO, COUNCILWOMAN, THE -- THE WAY -- THE WAY WE'RE POSITIONED RIGHT NOW FOR THE DOWNTOWN SPORTS ENTERTAINMENT DISTRICT, IT DOES NOT HAVE AFFORDABLE HOUSING ASSUMPTIONS BEING MADE IN IT. THAT'S NOT TO SAY THAT THERE AREN'T SOME -- PART OF THAT COUNCIL CONVERSATION IS IN THAT AREA WITHIN -- WITHIN WHAT CAN WE DO. AND THE SAME IS TRUE OF THE
[01:10:08]
TERM SHEET THAT WAS APPROVED BY THE COUNCIL ON -- WITH THE MISSIONS AND WESTON URBAN.THAT IS NOT INCLUDED IN THERE AT THIS POINT. >> CASTILLO: THE TIF POLICY
IS A RECOMMENDATION? >> WALSH: IT IS. VERONICA TALKED ABOUT THAT WHEN SHE DID HER PART OF THE PRESENTATION. I DON'T THINK IT'S A SUBSTITUTE FOR IT. BASED ON WHAT I'M HEARING AROUND THE COUNCIL -- I KNOW EVERYBODY HAS NOT SPOKEN YET -- BUT THERE ARE A VARIETY OF PROJECTS IN INVESTMENTS AND CAPITAL INFRASTRUCTURE, PUBLIC INFRASTRUCTURE, CITY-OWNED PROPERTIES OR CITY-OWNED BUILDINGS. AND SO I THINK THE PRIORITIZATION WOULD BE HELPFUL
FROM THE COUNCIL. >> CASTILLO: TO THAT POINT, THE TREND SEEMS TO APPEAR, THE TIRZ THAT DO NOT HAVE COUNCIL REPRESENTATION ARE PRODUCING THE HIGHEST AMOUNT OF MARKET RATE AND ZERO AFFORDABLE HOUSING. SO I THINK IT WARRANTS A CONVERSATION. SHOULD WE HAVE COUNCIL REPRESENTATION ON THESE TIRZ THAT CURRENTLY DO NOT HAVE COUNCIL REPRESENTATION. BECAUSE THE PUBLIC WANTS SOMEONE TO HOLD ACCOUNTABLE AND I THINK HAVING AN ELECTED OFFICIAL REPRESENT THE MASSES, THE COMMUNITY'S VOICES, WOULD BE OF VALUE ON THE MIDTOWN TIRZ AS WELL AS THE HEMISFAIR TIRZ.
>> WALSH: DON'T DISAGREE. WE'LL GET THAT BREAKOUT. IN ADDITION TO THAT 721 BREAKOUT BY AMI, WE'RE GOING TO DO BEFORE '22 AND AFTER '22. I THINK YOU'LL SEE A CHANGE THERE. IF THERE'S A CHANGE IN MAKEUP OF BOARD, THAT'S SOMETHING THAT
WE CAN DO CERTAINLY WITH THE COUNCIL'S APPROVAL. >> CASTILLO: LASTLY, I WANTED TO HIGHLIGHT SOON WE'LL BE CELEBRATING THE OPENING OF [INDISCERNIBLE] WHICH WAS FUNDED THROUGH THE WESTSIDE TIRZ. THIS WAS SOMETHING IN THE QUEUE WHEN I GOT INTO OFFICE . HOWEVER, WHAT WE WORKED INTO THAT CONTRACT WAS COMMUNITY BENEFITS. WHAT WAS NOT INCLUDED WITHIN THAT MOU WITH THE WEST SIDE DEVELOPMENT CORPORATION, NOW PROSPER WEST. WE WORKED IN THERE AFFORDABLE RENTS FOR LOCAL SMALL BUSINESSES. WE WORKED IN THE CONTRACT PROVIDING FREE MEETING ROOM SPACE FOR COMMUNITY MEMBERS TO ACCESS.
AND A COUPLE OF OTHER PIECE. WE ARE GRATEFUL THAT THE LEADERSHIP AT THAT TIME WAS AMENABLE TO THOSE REQUESTS BUT IT WAS SOMETHING WE HAD TO WORK WITH IAN ON AND WE WENT BACK AND FORTH. SO GRATEFUL FOR IAN AND DAVID UNTIL THAT WAS SOMETHING THAT COMMUNITY FELT COMFORTABLE WITH. THAT THE MASSES, THE GENERAL COMMUNITY WOULD BE ABLE TO ACCESS THIS SPACE. GRATEFUL FOR PROSPER WEST'S LEADERSHIP AND OF COURSE TO IAN AND DAVID ON THE WESTSIDE TIRZ FOR WORKING WITH PROSPER WEST TO GET THAT DONE. THOSE ARE ALL MY COMMENTS. THANK YOU, MAYOR.
>> MAYOR JONES: THANK YOU, COUNCILWOMAN. ERIK, JUST TO CLARIFY, JUST SIMPLE ORDINANCE CHANGE TO UPDATE THE BOARD COMPOSITION. IS THAT ALL THAT'S REQUIRED?
>> WALSH: YES, MA'AM. IT'S JUST A CITY ORDINANCE. >> MAYOR JONES: GOVERNANCE COMMITTEE LOOKS FORWARD TO REVIEWING THAT. CHAIR GALVAN.
>> GALVAN: THANK YOU, MAYOR. THANK YOU FOR THE PRESENTATION TODAY AND THIS CONVERSATION AROUND THE TIF AND THE TIRZ POLICY THAT WE HAVE AND ALL THE DIFFERENT ONES WE HAVE IN OUR CITY. OF COURSE THEY'RE IN DISTRICT 6 AND I'M NOT NECESSARILY ASKING FOR ANY BUT I WANT TO BE CAUTIOUS ABOUT SOME OF MY QUESTIONS I HAVE BECAUSE I KNOW THERE ARE SOME BENEFITS THAT COME WITH TIRZ IN OUR CITY. I KNOW COUNCILWOMAN VIAGRAN AND I TALKED IN OUR FIRST CONVERSATION AFTER BEING ELECTED WAS DEVELOPMENT IN OUR PART OF THE CITY WAS WHILE DISTRICT 6 IS CAUSING HEADACHES, DISTRICT 3 HAS DIFFERENT CONCERNS WHERE THERE ISN'T DEVELOPMENT. THERE'S A PUSH FOR THAT.
THERE'S JUST DIFFERENT PRIORITIES FOR EVERYONE SO I WANT TO MAKE SURE THAT I'M RESPECTING THOSE PIECES AS I ASK MY QUESTIONS TODAY. I WANTED TO ASK FIRST AND FOREMOST ON SLIDE 5, THIS IS JUST FY25 TIRZ REVENUE, RIGHT, THAT WE'RE LOOKING AT HERE?
>> YES, SIR. THAT'S THE REST OF IT FOR FISCAL YEAR 2025.
>> GALVAN: THIS IS NOT A COMPILATION OF ALL THE INCREMENTAL REVENUE THAT HAS
BEEN PRODUCED? >> FOR FISCAL YEAR '25, WHAT THIS IS GOING TO REPRESENT --
WE WENT THROUGH ALL THOSE SLIDES FOR CITY INITIATED? >> GALVAN: RIGHT.
>> THE $37 MILLION IS SPLIT. THE $8 MILLION WOULD GO TO THE PETITION.
THIS IS A ONE-YEAR SNAPSHOT. >> GALVAN: GOT IT. DO WE HAVE THE NUMBER FOR THE TOTAL AMOUNT THAT HAS BEEN CAPTURED BY THE INCREMENTAL REVENUE FOR EACH CITY TIRZ
SINCE THEY WERE CREATED? >> WE DO. WE HAVE THE FINANCE PLAN IS GOING TO GO BACK SINCE THE INCEPTION OF THE TIRZ, AS WELL AS WE HAVE THE PROJECTION
[01:15:02]
MOVING FORWARD. WE HAVE THAT FOR EACH PLAN. >> WALSH: ARE YOU LOOKING FOR
THAT NUMBER SINCE THE BEGINNING OF EACH TIRZ? >> GALVAN: CORRECT.
>> WALSH: WE CAN PROVIDE THAT. >> GALVAN: THIS IS ALSO
SUBTRACTED THE AMOUNTS THAT HAVE BEEN UTILIZED. >> THAT RIGHT THERE IS THE PURE
INYES, MA'AM. >> GALVAN: NOT BALANCES? >> NOT BALANCES.
>> GALVAN: THAT'S WHAT I'M LOOKING FOR. FEWER INCREMENT VERSUS THE BALANCES. HOW OFTEN DOES OUR CITY DO REVENUE BONDS WITH OUR TIRZ? I KNOW THERE'S A LOT NOW BUT WERE THERE ONES WE DID BEFOREHAND, BEFORE THIS
DECADE? >> I HAVE TO GO BACK AND LOOK FOR SURE.
WE HAVE DONE REVENUE BONDS. I THINK WE LOOKED AT IT FOR BROOKS.
I'M NOT SURE IF WE DID REVENUE OR SOMETHING ELSE. BUT THERE HAS BEEN DEBT THAT HAS BEEN ISSUED FROM SEVERAL OF THE TIRZ. MAY NOT NECESSARILY BE REVENUE
BONDS. >> GALVAN: GOT IT. THANK YOU.
AND THEN I KNOW WE TALKED ABOUT WHAT WORK CAN BE DONE WITH THE TIRZ THAT'S DIFFERENT FROM WHAT CAN NORMALLY BE DONE BY THE CITY OR OTHER ENTITIES. HAVE WE DONE OR -- TRYING TO THINK HOW TO ASK MY QUESTION HERE. WHAT IS THAT DIFFERENCE IN WORK? IS IT THE TIME THEY'RE ABLE TO DELIVER IT? WHETHER IT'S FUNDING FOR DIFFERENT SPACES TO BE BUILT OR REHABBED? WHAT I'M THINKING ABOUT IS I'M SEEING STREETLIGHTING AND I GUESS I'M WONDERING WAS THERE NOT FUNDING IN THE GENERAL FUND TO DO THAT WORK? WAS THAT NOT PART OF THE PLAN TO DO THAT WORK WITH THE CITY-INITIATED TIRZ? WHAT'S THE DIFFERENCE BETWEEN
USING A TIRZ VERSUS GENERAL FUNDING OR BOND FUNDING? >> WALSH: COUNCILMAN, ARE YOU
TALKING ABOUT DEVELOPER-RELATED TIRZ? >> GALVAN: MORE SO ABOUT CITY-INITIATED. DEVELOPER -- COULD WE HAVE DONE THAT WORK OTHERWISE? MAYBE. THAT ONE SEEMS A BIT HARDER BECAUSE THERE'S NOTHING OUT
THERE. >> RAW LAND. >> GALVAN: RAW LAND VERSUS IN DOWNTOWN AREAS OR OTHER PARTS OF THE CITY THAT DO HAVE INFRASTRUCTURE ALREADY BUILT AND MAYBE THERE'S A LACK OF INFRASTRUCTURE. HAVE WE DONE A COST BENEFIT VIEW OF IT? COULD WE HAVE DONE THIS WORK WITHOUT A TIRZ OR NOT, I SUPPOSE, IN TERMS OF STREETLIGHTING, SIDEWALKS, OTHER PIECES LIKE THAT?
>> I THINK THE CONCEPT IS SURE YOU COULD HAVE PULLED FROM THE GENERAL FUND BUT COUNCIL HAS DESIGNATED THESE AS REINVESTMENT ZONES. YOU'RE USING THE INCREMENT FROM
THAT ZONE TO FUND IMPROVEMENTS THAT THE ZONE NEEDS. >> GALVAN: TOTALLY UNDERSTAND
THAT AND IF THEY'RE THERE, LET'S USE THEM. >> FIRST IS TAPPING INTO THE GENERAL FUND WHEN YOU ALREADY HAVE THIS SET ASIDE FOR IMPROVEMENTS.
>> GALVAN: THAT MAKES SENSE. I GUESS MY QUESTION IS MORE SO OF COULD THIS WORK BE DONE IF
THESE TIRZ DIDN'T EXIST AT ALL? >> IT WOULD BE LIKE EVERY AREA THAT DOESN'T HAVE ONE. IT'S COMPETING FOR RESOURCES. SO IS THERE ENOUGH IN YOUR ANNUAL CAPITAL BUDGET TO COVER THE SIDEWALK IMPROVEMENTS OR TO IMPROVE THAT CITY-OWNED
BUILDING TO THE EXTENT THAT IT NEEDS IT? >> GALVAN: JUST GENERAL PRIORITIZATION. GOT IT. THANK YOU.
ARE THERE -- I LIKE THE DEVELOPER-INITIATED TIRZ. IT SEEMS LIKE THERE IS ALMOST A PERFORMANCE MEASURE ABOUT THIS IS DONE, WE GOT ALL THESE PIECES DONE.
WE GOT THE SEWER LINES IN. CALL IT A DAY. I GUESS I'M WONDERING FOR THE CITY-INITIATED TIRZ, WHAT IS THAT THRESHOLD FOR REVITALIZATION? IS THAT WITHIN OUR POLICY AT ALL OR IS IT SUBJECT BY THE BOARD OR SUBJECT BY THE CITY
COUNCIL TO HAVING THESE TIRZ EXIST OR NOT? >> COUNCIL DESIGNATED THE TERM AND THEN ALL OF THE PROJECTS THAT ARE APPROVED ARE SUBJECT TO THE TIRZ BOARD AND THEN OF
COURSE CITY COUNCIL APPROVAL. >> GALVAN: GOT IT. OKAY.
THANK YOU. LET ME SEE IF I HAD ANY OTHER QUESTIONS.
HOW ARE TIRZ ALIGNED OR SUPPORTED OUR CITY'S GROWTH PLANS OR LAND USE PLANS OR MULTIMODAL TRANSPORTATION PLANS? THAT MAY BE A BIT MORE DIFFICULT. I'M WONDERING ARE THERE ISSUES -- MAYBE NOT ISSUES BUT ARE THERE EVER CONFLICTS WITH USING TIRZ DOLLARS TO THEN MAYBE SUBSIDIZE SPRAWL OR OTHER PIECES THAT MAY CONFLICT WITH OUR CITY'S PLAN IN TERMS OF GROWTH.
>> THROUGH OUR ADOPTED POLICY -- I THINK WE TALKED A LITTLE BIT ABOUT THE APPLICATION PROCESS. WE DEFINITELY HAD FINANCE DO THEIR REVIEW.
WE AS CITY STAFF COORDINATE WITH OTHER CITY DEPARTMENTS FOR REVIEW.
IF WE GET AN APPLICATION THAT COMES IN FOR AN ECONOMIC DEVELOPMENT PROJECT, WE'RE WORKING WITH THE ECONOMIC DEVELOPMENT PROGRAM TO SEE DOES THIS ALIGN WITH YOUR GOALS AND PRIORITIES. SAME THING WITH TRANSPORTATION.
[01:20:06]
THE CREEK INVOLVED AN ANNEXATION SO WE'RE WORKING WITH THE PLANNING DEPARTMENT TOMAKE SURE EVERYTHING WAS ALIGNED . >> GALVAN: THANK YOU.
I'M SUPPORTIVE OF HAVING COUNCIL MEMBERS ON EACH CITY TIRZ.
TO ME IT MAKES LOGICAL SENSE THAT WE ARE PUSHING IT TO A CERTAIN ZONE.
WE SHOULD START REPRESENTATION BY OUR CITY TO GOVERN IT AND MAKE SURE OUR CITY'S PRIORITIES ARE THERE. I THINK THIS CONVERSATION HAS BEEN EXTREMELY HELPFUL.
I KNOW IT WILL CONTINUE TO BE AS WE HAVE MORE COUNCIL MEMBERS CHIME IN.
MY CONTINUED THOUGHT WITH TIRZ IN GENERAL IS ALWAYS LOOKING AT -- I THINK THIS IS HOW I OPERATE OVERALL, RESEARCH ON PUBLIC POLICY TO ADDRESS ISSUES IN OUR CITY.
ONE OF THE BIGGEST THINGS I'M LOOKING AT IS HOW THESE CAN HAVE NEGATIVE IMPACTS ON OUR COMMUNITIES. I'M GRATEFUL TO SEE THAT AS LONG AS WE HAVE FOLKS IN PLACE, WE'VE GOT THE RIGHT POLICIES IN PLACE, THAT WE'RE STILL PUSHING FORWARD ON ADDRESSING THE GAPS IN OUR COMMUNITY AND NOT GOING A DIFFERENT DIRECTION. THAT'S ALWAYS GOING TO BE WHERE I WOULD LOOKDI AT THESE PIECES. THANK YOU. THANK YOU, MAYOR.
>> MAYOR JONES: COUNCILMEMBER CASTILLO-ANGUIANO. >> ANGUIANO: THANK YOU, MAYOR. THANK YOU FOR THE PRESENTATIONS.
I JUST WANT TO SAY THAT ALL MY COUNCIL MEMBERS THAT SPOKE MADE A REALLY GOOD POINT.
I WANT TO SECOND THE COUNCIL MEMBERS WHO MENTIONED HAVING AT LEAST ONE COUNCIL MEMBER SERVE ON EACH TIRZ. I THINK THAT MAKES A LOT OF SENSE.
BUT SO I THINK THAT WHEN IT COMES TO TIRZ AND WHETHER WE ACKNOWLEDGE IT OR NOT, I THINK THAT THE CITY OWES A HUGE DEBT TO THE EASTSIDE AND THE WAY TIRZ WAS A WAY TO REFOCUS OUR INVESTMENTS IN AN AREA THAT'S HISTORICALLY AND ARGUABLY STILL TO THIS DAY JUST LACKS A LOT OF ATTENTION FROM THE CITY BUDGET. AND ALTHOUGH MANY IN THE CITY ARE ATTEMPTING TO OVERCOME THE HISTORIC MARGINALIZATION OF PARTS OF EACH -- SORRY, TOWNS OF LIKE THE EASTSIDE, THE WESTSIDE, THE SOUTHSIDE, I THINK WE HAVE A LONG WAY TO GO BEFORE WE REACH PARITY AND WE HAVE INCORPORATED A BUDGET THAT'S SUPPOSED TO OVERCO COMEDY VESTMENT AND IF COUNCILMEMBER MCKEE-RODRIGUEZ HAD NOT PUSHED MAYBE WOULD NOT BE WORSE OTHER THAN STREETS THAT ARE NORTH OF HILDEBRAND.
IN 2020 THE CITY ALSO DECLARED RACISM AS A PUBLIC HEALTH CRISIS, WHICH RECOGNIZED THE HISTORICAL AND SYSTEMIC ROOTS OF RACIAL INEQUALITIES THAT LED TO ADVERSE HEALTH OUTCOMES FOR COMMUNITIES OF COLOR. AND THIS RESOLUTION CALLED ON US TO MAKE INVESTMENTS IN EDUCATION, HOUSING, AND HEALTHCARE ACCESS. MY POINT IS THAT IF WE WERE TO RELINQUISH THE INNER CITY TIRZ AND ANY OF THE TIRZ THAT WE USE TO BENEFIT OUR COMMUNITY, I DON'T THINK THAT WE WOULD HAVE SEE THE INVESTMENT THAT WE HAVE BEEN ABLE TO ACCOMPLISH RECENTLY. AND THESE INVESTMENTS NEED TO BE MADE TO OVERCOME THE INJUSTICE OF THE PAST AND THE INJUSTICES THAT ARE STILL HAPPENING TODAY.
IF IT WEREN'T FOR TOOLS LIKE THE INNER CITY TIRZ OR THE REST OF THE TIRZ THAT WE'VE TALKED ABOUT TODAY, WE WOULDN'T HAVE SUCH A SIGNIFICANT INVESTMENT AND WE PROBABLY WOULDN'T EVEN HAVE A LOT OF THE PROJECTS, YOU KNOW, EVEN BE ACTIVE. AND SO, LIKE, WITH THE INNER CITY TIRZ WE WERE ABLE TO DO -- LIKE FOR HEALTHCARE THE FRANK BRYANT HEALTH CLINIC, THE UIW HEALTH CLINIC. THE ST. PHILIPS COLLEGE, STUDENT HOUSING, AND THEN OUR CULTURAL ASSETS WOULD BE THE HAYS STREET BRIDGE AND FOR HOUSING WE HAVE THE TOWNE TWIN VILLAGE PERMIT SUPPORTIVE HOUSING. WE HELPED GET A LOT OF THESE PROJECTS SHOVEL READY IN SOME INSTANCES OR HELPED THE PROJECTS REACH A CRITICAL MILESTONE. IF WE DIDN'T HAVE THE TIRZ, LIKE I SAID, WE WOULD HAVE BEEN TOLD TO WAIT FOR NEXT BOND CYCLE WHICH I DON'T THINK IS A GOOD IDEA BECAUSE THERE'S A LOT OF PROJECTS THAT WE WANT TO GET DONE. MANY OF YOU HEARD THAT THE EASTSIDE RESIDENTS CRITICIZE THE LACK OF AN EASTSIDE HOSPITAL OR THE FACT THAT WE HAD TO CLOSE NINE SCHOOLS IN OUR AREA, WHICH WAS MANY MORE THAN OTHER PARTS OF THE TOWN AND WE ARE SEEING SOME PROGRESS HERE DUE TO THE TIRZ. AND SO I DON'T THINK THAT IT WOULD BE SMART FOR US TO UTILIZE OUR TIRZ MONEY AND PUT THAT INTO THE GENERAL FUND.
I THINK THAT WE COULD PROBABLY GET CREATIVE IN SOME OTHER ASPECT.
I THINK THAT IT'S AN OPTIMISTIC POINT OF VIEW TO DO THAT BUT I THINK IT'S, YOU KNOW, PURPOSEFUL TO SEE THESE FUNDS ABSORBED AND SPREAD THIN ACROSS THE CITY WITH NO INTENTION OF RESTORATIVE FUNDING FOR OUR MOST VULNERABLE RESIDENTS. BUT I THINK THAT'S PRETTY MUCH
[01:25:01]
ALL THAT I KIND OF HAD TO ADD TODAY. THANK YOU, MAYOR.>> MAYOR JONES: ANYONE ELSE THAT WANTED -- COUNCILMEMBER MEZA GONZALEZ.
>> GONZALEZ: I HAD A QUICK QUESTION, SUPPORTIVE OF COUNCILWOMAN CASTILLO'S POINT ON COUNCIL MEMBERS SERVING ON TIRZ BOARDS -- SORRY, PHYLLIS. YOU'RE GOING TO GET ANOTHER
ONE. BROOKS, RIGHT? >> VIAGRAN:
>> GONZALEZ: BUT GOOD POINT, COUNCILWOMAN. SO I KNOW WE TALK ABOUT AFFORDABLE HOUSING AND JUST WANT TO MAKE SURE THAT WE'RE ALSO FOCUSED ON AFFORDABLE HOME OWNERSHIP AND SO I THINK THOSE DEVELOPER-INITIATED TIRZ HELP IN THAT.
SO ARE THEY -- THE INFRASTRUCTURE COST, IS THAT PART OF -- I GUESS HOW IS THAT
MANAGED IN A TIRZ LIKE THE DEVELOPER-INITIATED ONES? >> YES.
SO THE DEVELOPER WILL IDENTIFY HOW MANY HOMES. BASICALLY THE SUBDIVISION THEY WANT TO BUILD. THE PROJECTED COST OF BUILDING OUT ALL OF THAT INFRASTRUCTURE. AND WE DON'T FUND THE ACTUAL CONSTRUCTION OF THE HOMES BUT WHAT THE TIRZ WILL COVER IS ALL OF THOSE PUBLIC IMPROVEMENTS AND INFRASTRUCTURE COSTS UP TO
A MAXIMUM AMOUNT. >> GONZALEZ: UP TO A? >> A MAXIMUM AMOUNT.
>> GONZALEZ: OKAY. JUST HAD THAT QUESTION. THANK YOU.
>> MAYOR JONES: CHAIR MUNGIA. >> MUNGIA: THANK YOU, MAYOR.
I ALSO SUPPORT COUNCILWOMAN CASTILLO'S ASK ABOUT EVERY CITY-INITIATED TIRZ HAVING A COUNCIL MEMBER ON THERE, ESPECIALLY IF IT'S IN THAT AREA OF THE COUNCIL DISTRICT.
I THINK THAT'S A VERY GOOD POINT ABOUT NOT HAVING PUBLIC OFFICIALS ON EVERY SINGLE ONE OF THOSE BOARDS. I THINK THAT'S IMPORTANT. THEN I WILL JUST GO BACK TO, YOU KNOW, A QUESTION THAT COUNCILWOMAN CASTILLO HAD ABOUT THIS.
WHEN WE TALKED ABOUT THE REVISIONS AND WE PUT IN HOUSING -- ADDITIONAL PROVISIONS IN HOUSING AND THE REQUIREMENT THAT IF YOU'RE NOT GOING TO DO AFFORDABLE HOUSING THAT YOU'LL CONTRIBUTE 25% OF THE TAX INCREMENT FOR THE AFFORDABLE HOUSING FUND.
I KNOW IT WAS A RECOMMENDATION. I THINK IT'S A POLICY THAT SHOULD BE FOLLOWED. AND SO, YOU KNOW, THE MAJOR DEVELOPER THAT'S DONE IT SINCE THE ROSEIO CREEK DIDN'T HAVE THE OPTION OF DOING AFFORDABLE HOUSING.
THEY HAD TO GIVE THE HOUSING TRUST ACRES OF LAND ON THEIR PROPERTY TO DO AFFORDABLE HOUSING. SO THERE WAS NO WORKAROUND ON THAT.
I THINK WHEN IT COMES TO THE HEMISFAIR TIRZ AND WHAT WE'RE GOING TO DO THERE, THERE SHOULD NOT BE A WORKAROUND ON THAT. WE HAVE TO DO SOMETHING THAT FOLLOWS THE POLICY THAT COUNCIL MEMBERS PUT IN PLACE. SO I THINK THAT MIXED WITH WHAT COUNCIL MEMBERS BEING ADDED TO IT WILL BE HELPFUL. I THINK WE HAVE TO REMEMBER THAT THIS PROGRAM HAS BEEN REFLECTIVE OF A PREVIOUS COUNCIL AND THE WORK THEY DID. THE DECADE OF DOWNTOWN ACTUALLY DID NOT HAVE AFFORDABILITY IN IT WHEN IT WAS FIRST CONCEIVED.
AND SO YOU'VE SEEN THESE PROJECTS GO FORWARD, MOSTLY MARKET RATE.
BUT NOW THERE'S BEEN SEVERAL COUNCILS SINCE THEY HAVE PRIORITIZED AFFORDABLE HOUSING AND OBVIOUSLY THERE'S A NEED WITH THE SHIP. SO I THINK WE DO HAVE TO FULFILL THAT COMMITMENT AS WE MOVE FORWARD. SO THAT'S ALL I'LL SAY ABOUT
THAT. THANK YOU. >> MAYOR JONES: CHAIR
VIAGRAN. >> VIAGRAN: YEAH, I JUST WANT TO CAUTION MY COUNCIL ABOUT -- I'M NOT SAYING COUNCIL SHOULDN'T SERVE ON TIRZ. I THINK YOU SHOULD THINK ABOUT WHEN YOU MANDATORILY MAKE SOMETHING HAPPEN. BECAUSE YOU HAVE A COUNCIL RIGHT NOW THAT YOU KNOW YOU CAN COME AND TALK TO COUNCILWOMAN VIAGRAN.
BUT IF YOU DON'T -- IF SOMEONE SITS IN DISTRICT 3 THAT DOESN'T WANT TO TALK TO YOU, THEY ARE NOW SITTING ON 11 TIRZ BOARDS, OKAY? THE OTHER ASPECT IS THAT WE NEED TO BE ABLE TO LOOK AT THIS AND READ OUR AGENDA AND KNOW WHAT'S COMING AND ASKING THE QUESTION. SO HEMISFAIR, INNER CITY, MIDTOWN TIRZ, THAT IS GREAT THAT WE WANT REPRESENTATION ON THAT -- AND I THINK WE NEED IT.
BUT THE OTHER THING IS WHEN THESE COME TO BOND ISSUES, WE TRY AND SELL IT AS A PROJECT. SO THE OTHER THING WOULD BE LIKE WHY DOES IT HAVE TO BE A REPRESENTATIVE FROM DISTRICT 3 OR 4 OR 5? WHY CAN'T IT BE DISTRICT 10? THEY VOTE MORE. DISTRICT 9 VOTES MORE. SO I THINK WE REALLY NEED TO HAVE THESE CONVERSATIONS. I APPRECIATE THIS TIRZ CONVERSATION BUT I FEEL LIKE IT'S TURNED INTO SOMETHING WHERE WE EITHER NEED TO GO INTO COMMITTEE OR POSSIBLY MEET IN SMALLER GROUPS OR HAVE A B SESSION AND LOOK ABOUT JUST HOW MUCH WE'RE GIVING TO ONE COUNCIL MEMBER. I'LL FIND THE TIME TO DO 11 TIRZ BUT I'M NOT GOING TO BE HERE FOREVER. AND SOME OF THE OTHERS AREN'T EITHER.
SO I JUST WANT TO CAUTION ON THAT. THE ONE THING ABOUT TIRZ IS IF
[01:30:07]
BILLS NEEDED PUBLIC INFRASTRUCTURE IN AREAS LACKING DEVELOPMENT TO ATTRACT BUSINESS, IT'S DONE THAT. IT ENCOURAGES DEVELOPMENT THEREBY INCREASING PROPERTY VALUES AND LONG-TERM PROPERTY TAX COLLECTIONS. AND IT REDUCES THE COST OF DEVELOPMENT BY PROVIDING REIMBURSEMENTS FOR ELIGIBLE PUBLIC IMPROVEMENTS.SO IT GIVES US THE OPPORTUNITY TO SAY, HEY, WE WANT THAT AFFORDABILITY ASPECT.
MY COUNCIL COLLEAGUE IS CORRECT IN THAT THE EASTSIDE WAS KIND OF AN INCUBATOR FOR THIS AND WE NEED TO GO BACK AND SAY WHAT DO WE NEED TO DO BETTER THERE. FORTUNATELY FOR US WE HAVE STRONG LEADERSHIP THAT IS SITTING HERE NOW AND STRONG LEADERSHIP THAT'S GOING TO COME BACK AND WE CAN WORK ON THAT. BUT IT IS GOING TO HAVE A CONVERSATION AND LOOK AT BIG PICTURES. WE ALL GET TO VOTE ON THE TIRZ.
WE ALL GET TO PULL IT AND SAY NO, I DON'T APPROVE IT IF IT IS SOMETHING THAT WE THINK IS NOT THERE. IT'S WHY IT GOES TO THE COMMITTEE BUT ULTIMATELY IT COMES TO US. SO I JUST -- WHILE I HEAR YOUR SENTIMENT THAT YOU WANT COUNCIL REPRESENTATION, JUST BE VERY WARY ABOUT DOING IT THROUGH ORDINANCES.
IS THERE ANY REASON, ERIK, WE CAN'T JUST PUT COUNCIL MEMBERS ON THE TIRZ RIGHT NOW? I KNOW I DON'T SIT ON MISSION DRIVE AND FOR A LOT OF REASONS .
BUT I TRUST THAT MY TIRZ BOARD MEMBERS THERE. IS THERE ANY REASON WE CAN'T MAKE ROOM FOR A COUNCIL MEMBER RIGHT NOW WITHOUT AN ORDINANCE?
>> WALSH: THOSE ARE PUBLIC MEETINGS. WE HAVE TO POST THEM.
NOTHING PRECLUDES A COUNCIL MEMBER OR ANYBODY ELSE FROM GOING.
AND I GUESS MAYBE LET ME ASK A CLARIFICATION. I THINK WHAT COUNCILWOMAN CASTILLO WAS TALKING ABOUT WAS NOT ALL THE DEVELOPER TIRZ, IT WAS THE CITY-INITIATED TIRZ
THAT SHE WAS TALKING ABOUT COUNCIL APPOINTMENT ON, RIGHT? >> VIAGRAN: DO WE NEED AN
ORDINANCE TO PUT COUNCIL MEMBERS ON THE TIRZ? >> SEGOVIA: WE DON'T NEED AN ORDINANCE CHANGE BUT THE COUNCIL WOULD HAVE TO APPROVE THE APPOINTMENT TO THE TIRZ
BOARD. >> VIAGRAN: SO WE CAN DO THAT WITHOUT CREATING AN ORDINANCE
AND MAKING IT MANDATORY? >> SEGOVIA: WITHOUT CHANGING THE ORDINANCE.
>> WALSH: BUT I'M GOING TO PARSE WORDS HERE. BUT YOU HAVE TO APPOINT THE COUNCIL MEMBER. SO IT'S STILL NOT A COUNCIL ACTION.
>> SEGOVIA: CORRECT. YOU STILL HAVE TO APPOINT. >> VIAGRAN: AND WE DO THE APPOINTMENT, DON'T WE? OKAY. OR, YEAH.
ALL RIGHT. I JUST THINK WE SHOULD APPOINT THE MEMBERS WHO WANT TO BE APPOINTED TO THE COMMITTEES THAT WERE MENTIONED THIS AFTERNOON.
>> MAYOR JONES: HAS EVERYONE SPOKEN ON THIS WHO WOULD LIKE TO SPEAK?
COUNCILWOMAN KAUR. >> KAUR: THANK YOU, MAYOR. I JUST WANTED TO SAY THAT I HAVE BEEN THINKING ABOUT HOW SO MUCH OF THE TRICKINESS ABOUT THE TIRZ IS THAT IT'S KIND OF A CATCH-ALL. IF YOU DON'T INCENTIVIZE DEVELOPMENT, THE TIRZ DOESN'T INCREASE. AND THEN YOU CAN'T TAKE MONEY OUT OF THERE TO BE ABLE TO DO OTHER THINGS. AND SO AS THIS CONVERSATION HAS PROGRESSED, IT'S MADE ME THINK ABOUT WHY SOME OF OUR TIRZ HAVE A LITTLE BIT MORE FUNDING IN THEM THAN OTHERS.
AND IT'S BECAUSE MORE DEVELOPMENT WAS INCENTIVIZED SO THAT DEVELOPMENT WAS CONTINUING TO CREATE THAT FUNDING TO BE ABLE TO USE. AND SO I WONDER IF, ONE, I MEAN, I WANT TO THANK THE MAYOR FOR BRINGING THIS CONVERSATION BECAUSE WE HAVEN'T HAD A WHOLE GROUP CONVERSATION ABOUT THIS. AND IT MIGHT BE A GOOD IDEA FOR US TO THINK ABOUT HOW WE DO BUDGET GOAL SETTING. WE COULD DO A TIRZ GOAL SETTING WHERE WE TALK ABOUT WHAT ARE THE PRIORITIES ACROSS THE TIRZ SO THAT WE CAN SAY MAYBE WE WANT TO USE FUNDING FROM ONE AREA TO HELP SUPPORT AFFORDABLE HOUSING MORE FROM ONE OF THE TIRZ BECAUSE THERE IS OPPORTUNITY THERE. FOR EXAMPLE, THE HEMISFAIR TIRZ THAT WAS MENTIONED, THERE'S REALLY NO FUNDING IN IT. HPARC HAS BEEN HAVING TO FUND RAISE THEIR OPERATION DOLLARS JUST TO KEEP GOING. THIS IS BECAUSE IT'S BEEN REALLY HARD TO GET THOSE DEALS DONE. MAYBE THERE'S A WAY THAT WE CAN SAY YES, I UNDERSTAND THE PUSH OF WE NEED AFFORDABLE HOUSING IN THIS BUT ALSO IF WE DON'T ALLOW FOR THIS MARKET-RATE HOUSING TO OCCUR, THIS DEVELOPMENT WILL NOT OCCUR. SO HOW DO WE DO BOTH? HOW DO WE SAY AS WE ARE PUTTING THIS TERM SHEET TOGETHER WE NEED TO, AT THE SAME TIME, FIND SOME FUNDING FROM SOMEWHERE ELSE TO INCENTIVIZE AFFORDABLE HOUSING RIGHT NEXT TO IT ON OUR SURFACE LOTS. THAT WAY WE CAN TRULY DEMONSTRATE THAT WE'RE LIVING INTO THE GOAL OF TRYING TO BUILD BOTH. RIGHT NOW I PUSHED ON THIS.
I WAS LIKE WHY ARE WE NOT INCLUDING AFFORDABLE HOUSING IN THIS? AND I PUSHED. HE'S LIKE IF WE DON'T HAVE AFFORDABLE HOUSING, HOW ARE WE GOING TO GET THE LEASE PAYMENT BACK -- OR IF WE DON'T HAVE MARKET RATE HOW ARE WE GOING TO
[01:35:05]
GET OUR LEASE PAYMENT BACK? IT'S A CATCH-22 ALMOST. I WANT TO GIVE A SHOUT OUT TO IAN. IAN IS -- HE HELPS RUN ALL OF OUR TIRZ.I WENT TO THE HOUSING CONFERENCE IN JULY AND EVERYONE WAS SAYING HOW LUCKY WE ARE BECAUSE HE'S SO SMART AND IS REALLY CREATIVE AND INNOVATIVE.
I KNOW COUNCILWOMAN CASTILLO SHOUTED HIM OUT BUT I WANTED TO RECOGNIZE HIM FOR HIS HARD
>> KAUR: THAT'S ALL I HAVE, MAYOR. THANK YOU SO MUCH.
>> MAYOR JONES: COUNCILWOMAN CASTILLO. >> CASTILLO: THANK YOU, MAYOR. OVERALL, I BELIEVE TIRZ POLICIES ARE VERY AUDIO] ARE IMPORTANT POLICIES THAT SHOULD BE FOLLOWED, AS THE COUNCIL MEMBER MENTIONED.
WHAT WE'RE SEEING IS THE CONSTRUCTION AND FACILITATION OF THE HAVES AND HAVE NOTS AND THE HOARDING OF WEALTH CONCENTRATED IN ONE AREA. I HIGHLIGHT THAT TO SAY WITH THE CONSTRUCTION OF THE MARKET-RATE HOUSING, WHERE ONE IN FIVE SAN ANTONIO FAMILIES LIVE IN POVERTY BASED OFF OUR STRATEGIC HOUSING IMPLEMENTATION PLAN GOALS AND THE NEED FOR DEEPLY AFFORDABLE HOUSING, WE ARE CONSTRUCTING AND FINANCING UNAFFORDABLE HOUSING THAT THE MAJORITY OF SAN ANTONIO RESIDENTS CANNOT AFFORD TO RENT AND/OR BUY.
AND WHEN WE HAVE THESE POLICIES AND GOALS AND FRAMEWORKS THAT WE ENGAGE COMMUNITY, DEVELOP, AND TAKE ACTION ON, WE HAVE A RESPONSIBILITY TO ENSURE THAT WE'RE FOLLOWING THOSE FRAMEWORKS AND FOLLOWING THAT POLICY. BECAUSE, IF NOT, AGAIN, WE'RE GOING TO FIND OURSELVES AS A CITY PLAYING FIREFIGHTERS AND ARSONISTS AT THE SAME TIME SAYING THAT WE'RE GOING TO MEET OUR SHIP GOALS WHILE FACILITATING DISPLACEMENT AND FACILITATING MARKET-RATE HOUSING THAT THE MAJORITY OF SAN ANTONIO RESIDENTS CANNOT AFFORD TO RENT. I THINK IT'S IMPORTANT. I UNDERSTAND THE OVERALL FINANCE STRUCTURE AND THE NEED TO INCREASE VALUES TO CAPTURE MORE REVENUE BUT, AGAIN, WE'RE CREATING THIS BEAUTIFUL COMMUNITY DOWNTOWN BUT ONE IN WHICH THE MAJORITY OF SAN ANTONIO RESIDENTS CAN'T AFFORD TO LIVE HERE IF THEY WANTED TO.
SO I THINK IT'S IMPORTANT TO HIGHLIGHT THOSE TWO PIECES AND THAT'S WHY WITH THOSE TIRZ BOARDS THAT DO NOT HAVE REPRESENTATION -- I JUST CHIMED IN TO CLARIFY THE POINT ERIK RAISED IN -- THE REPRESENTATION IN TERMS OF CITY-INITIATED TIRZ, NOT DEVELOPER-INITIATED
TIRZ. THANK YOU. >> MAYOR JONES: CHAIR
GALVAN. >> GALVAN: I WANT TO ECHO WHAT I HEARD THE SECOND ROUND.
DEFINITELY WE SHOULD TALK MORE ABOUT THE REPRESENTATION. DON'T WANT TO AMEND IT TO EVERYONE IS DOING TOO MUCH. I COMPLETELY HEAR THAT AND DEFINITELY THINK IT SHOULD BE FOCUSED ON CITY-INITIATED TIRZ AS WELL. I COMPLETELY HEAR THE POINTS FROM MY COUNCIL COLLEAGUES WHO MENTIONED ABOUT THESE TIRZ HAPPEN FOR GOOD REASONS TOO.
I DON'T DISPUTE THAT. GOOD THINGS HAVE COME OUT OF THESE PIECES.
THAT'S WHERE MY QUESTION CAME FROM WITH COULD THIS HAVE BEEN DONE OTHERWISE, RIGHT? IT COULD, IT'S ALWAYS DUE TO PRIORITIES. I GUESS IT WORRIES ME IN A PHILOSOPHICAL SENSE OR IN A LONGER SENSE OF THAT OUR CITY COUNCIL HAS TO RELY ON THESE TIRZ TO DO THIS WORK WHEN WE HAVE OTHER MECHANISMS TO DO THIS WORK AND WE'RE NOT USING THIS WAY. IT'S FRUSTRATING, NOT ONLY FOR -- I THINK IT'S JUST FRUSTRATING OVERALL TO MAYBE MYSELF WHO KIND OF VIEWS IT AS THESE ARE THINGS THE CITY SHOULD BE DOING GENERALLY. THANKFULLY THESE ITEMS DO COME TO CITY COUNCIL TO SAY MAYBE THAT'S THE WRONG WAY. WE SHOULDN'T DO IT THAT WAY. OR I SUPPORT THE GOING FORWARD WITH THIS PIECE. I GUESS IT JUST MAKES ME THINK ABOUT HOW I REALLY APPRECIATE THE BUDGET GOAL SETTING AND HOW WE CAN INCORPORATE SOME OF THESE PIECES TO DO THIS WORK.
SO IT FILLS IN THE GAPS THAT ARE DISCUSSED IN THE BUDGET CONVERSATION.
WE CAN ONLY DO SO MUCH WITH STREETLIGHTING. MAYBE IT CAN HELP WITH THIS BECAUSE IT'S THERE. IT MAKES YOU THINK I WISH WE HAD THAT MONEY IN THE CITY BUDGET OVERALL TO DO IT FOR THE STREETLIGHTING BUT IT'S A CATCH-22.
WHEN WE THINK OF THAT WITHOUT THE TIRZ THERE. WOULD WE THINK OF THE SAME THING? I WOULD HOPE THAT OUR COUNCIL DOES LOOK AT OUR BUDGET THAT WAY AS WE GO FORWARD IN GENERAL. I THINK IT ALWAYS COMES DOWN TO THE DECISIONS WE MAKE HERE AND THE WAY WE TALK WITH ONE ANOTHER.
I WANTED TO CLARIFY THOSE POINTS. >> MAYOR JONES: COUNCILMAN
WHYTE. >> WHYTE: I DON'T THINK I BUZZED BACK IN, MAYOR.
THANKS, THOUGH. COUNCILMAN CASTILLO-ANGUIANO. >> ANGUIANO: I THINK IT'S BROKEN. I BUZZED IN TWICE TODAY. EVERYTHING THAT RICK AND
COUNCILMEMBER CASTILLO SAID I ABSOLUTELY AGREE. >> MAYOR JONES: HAS EVERYONE
[01:40:02]
SPOKEN THAT WOULD LIKE TO SPEAK ON THIS? THANK YOU TO THE STAFF FOR HELPING LAY THIS OUT. I AGREE THIS HAS BEEN A VERY HELPFUL DISCUSSION AS WE LOOK AT HOW SOME OF THESE THINGS HAVE PROGRESSED, HOW THEY ORIGINATED AND HOW THEY HAVE MORPHED INTO OTHER THINGS AS THIS GOES ON. I DON'T THINK WE ARE -- WHEN WE LOOK AT OUR FISCAL ENVIRONMENT, AS WE'VE HAD BRIEFING AFTER BRIEFING IN TERMS OF WHERE WE'RE HAVING TO TAKE CUTS, WHAT THE GAP LOOKS LIKE IN '27, $150 MILLION.WHAT IT LOOKS LIKE IN 2030, $220 MILLION GAP IN OUR BUDGET IF WE DON'T HELP OURSELVES, I THINK WE ARE SMART AND STRATEGIC TO LOOK AT HOW WE MIGHT BE ABLE TO HELP OURSELVES. AND CERTAINLY, AS HAS BEEN ILLUSTRATED HERE, THIS IS A PLACE TO DO THAT. I THINK WHAT IT'S ALSO HIGHLIGHTED -- I APPRECIATE THE COMMENTS, IN PARTICULAR COUNCILWOMAN KAUR MENTIONED AND COUNCILWOMAN CASTILLO HAS MENTIONED. THERE'S AN OPPORTUNITY FOR US TO BE DELIBERATE SO WE'RE TO THE EXACERBATING SOME OF THE INEQUITIES. WHILE I CAN APPRECIATE GUERILLA HOUSING, IT'S A HARD STORY WHEN WE'RE TALKING ABOUT HOUSING FOR GORILLAS AND NOT AFFORDABLE HOUSING IN OUR COMMUNITY. I THINK THERE'S AN OPPORTUNITY FOR HOW A PERSON OF THE INCREMENTAL CAN COME IN SOONER SO WE CAN TALK ABOUT THE INVESTMENTS THAT MEET COMMUNITY NEEDS, NOT NECESSARILY ZIP CODE NEEDS . I WOULD APPRECIATE -- THE TIF POLICY, I WOULD APPRECIATE SOME DOCUMENTATION, MR. ELLIOTT OR MS. GARCIA ABOUT WHY THAT POLICY WASN'T ADHERED TO SO WE CAN KIND OF LEARN FROM THAT MISTAKE AND HOW WE CAN UNDERSTAND THAT POLICY WOULD BE ADHERED TO MOVING FORWARD. CERTAINLY APPRECIATE THAT SOME OF THESE TIRZ ARE DOING QUITE WELL. FOR EXAMPLE, THE MIDTOWN TIRZ THAT WE CERTAINLY ARE GOING TO MEET OUR FINANCIAL OBLIGATIONS.
ERIK, IT WOULD BE HELPFUL TO UNDERSTAND WHERE SOME OF THESE -- WHERE CAN WE TAKE IN SOME MONEY SOONER INTO THE GENERAL FUND. NOT, YOU KNOW, CHANGING ANY -- NOT GETTING OUT OF AGREEMENTS IN ANY WAY THAT WOULD CAUSE FINANCIAL DISTRESS.
BUT, YOU KNOW, HOW MIGHT WE BE ABLE TO LAY -- GET MORE MONEY FROM SOME OF THESE TIRZ THAT ARE DOING QUITE WELL, SOONER INTO THE GENERAL FUND. AND MAYBE IT'S NOT A '26 THING. MAYBE IT'S NOT A '27 THING BUT AS WE'RE LOOKING AT A $220 MILLION GAP IN 2030, HOW SOON CAN WE UNDERSTAND HOW WE HELP OURSELVES THROUGH SOME OF
THESE EFFORTS. >> WALSH: MAYOR, I THINK COUNCILWOMAN'S KAUR SUGGESTION ABOUT WHEN WE HAVE A LONGER-TERM STRATEGIC CONVERSATION IN THE FALL ABOUT THE BUDGET, I THINK -- AND I THINK ONE OF YOU MENTIONED IT. THIS IS THE FIRST TIME IN A LONG TIME THAT THE COUNCIL HAS SAT DOWN TO TALK ABOUT AND REVISIT THAT POLICY.
I THINK WE OUGHT TO INCORPORATE THAT INTO THAT PLANNING AND STRATEGIC THOUGHT HERE AT THE COUNCIL ACROSS THOSE CITY-INITIATED TIRZ. BECAUSE I THINK THAT'S MISSING RIGHT NOW. IRRESPECTIVE OF BASEBALL OR DOWNTOWN DISTRICT OR THE ZOO.
IT IS INCONSISTENT RIGHT NOW. SO I THINK THAT'S ONE OF THE BIGGEST TAKEAWAYS HERE AND I THINK THAT MIGHT HELP ANSWER PART OF YOUR QUESTION ABOUT WHERE IN THE FUTURE DOES IT LOOK. YOU KNOW, ONE OF THE REALITIES OF THE CITY-INITIATED TIRZ IS THAT FUNDING CAN GO TO THINGS LIKE AFFORDABLE HOUSING OUTSIDE THE BOUNDARIES.
>> MAYOR JONES: YEAH, YEAH. >> WALSH: YOU ALL HEARD VERONICA'S PRESENTATION THE OTHER DAY. WE HAVE $30 MILLION IN THE BUDGET.
THE UPCOMING PROPOSED BUDGET FOR HOUSING AND IT'S NEVER ENOUGH BUT HOW DO WE LEVERAGE THOSE THINGS TO BE ABLE TO MAKE AN IMPACT ON SHIP. I WOULD -- WE CAN DEFINITELY FOLD THAT INTO THAT LARGER CONVERSATION. I THINK -- BECAUSE ULTIMATELY ALL THOSE CITY-INITIATED TIRZ BOARDS MAKE RECOMMENDATIONS THAT ALL HAVE TO BE APPROVED BY YOU ALL. YOU'RE THE ULTIMATE CHECK ON THAT BALANCE.
AND I THINK THAT MIGHT HELP ANSWER SOME OF THAT QUESTION, MAYOR.
>> MAYOR JONES: IN PARTICULAR, THOUGH, UNDERSTANDING WE ARE BOUND BY SOME OF THE AGREEMENTS WITHIN THE TIRZ. UNDERSTANDING WHERE SOME OF THOSE EXPIRE SOONER RATHER THAN LATER I THINK HELPS US UNDERSTAND WHERE WE HAVE SOME WIGGLE ROOM IN TIME BETWEEN NOW AND '27. WE CAN THINK ABOUT THIS EVEN
NOW WITHIN THIS BUDGET. >> WALSH: OKAY. YEAH, LET ME THINK THROUGH THAT ONE IN TERMS OF THE BROADER BUDGET CONVERSATION. BECAUSE BUT FOR PROBABLY TWO OR THREE OF THE CITY-INITIATED TIRZ OFF THE TOP OF MY HEAD, THEY'VE ALL GOT PLANS.
THEY MAY NOT HAVE COME TO YOU ALL BUT I THINK WE NEED TO VET THOSE OUT A BIT MORE.
I THINK THE LAST TIME THE COUNCIL HAD A STRATEGIC CONVERSATION WAS DURING FALL OF
[01:45:01]
'21 IN ADVANCE OF THE '22 BOND PROGRAM. BECAUSE A NUMBER OF POTENTIAL BOND PROJECTS WERE REMOVED OFF THAT BOND LIST WITH THE UNDERSTANDING THEY WERE GOING TO BE FUNDED THROUGH TIRZ. AND I THINK IT'S WORTH GOING THROUGH THAT EFFORT.WE'LL DO SOME THINKING AND ANALYSIS, MAYOR. >> MAYOR JONES: APPRECIATE THAT. THANK YOU AGAIN TO THE TEAM FOR LAYING THIS OUT AND CERTAINLY THE VERY THOUGHTFUL COMMENTS OF MY COLLEAGUES. OKAY.
ALL RIGHT. THE TIME IS NOW 3:46 ON SEPTEMBER 3, 2025.
THIS MEETING IS ADJOURNED.
* This transcript was compiled from uncorrected Closed Captioning.