[00:01:26]
TO THE GOOD AFTERNOON.WELCOME TO THE CITY COUNCIL B SESSION OF AUGUST, THE 21ST, 2019.
MEMBER SULLIVAN, COUNCIL MEMBER ANDREW SULLIVAN.
WELCOME EVERYONE TO OUR CITY COUNCIL B SESSION.
UH, OUR BUDGET SESSIONS CONTINUE TODAY.
THE TIME IS 2:13 PM WE'RE GONNA CONTINUE OUR DISCUSSION FROM YESTERDAY, PICKING UP WITH THE DEPARTMENT THAT WE DIDN'T GET TO, UH, AND THAT IS THE DEBT PLAN, UH, WITH BEN GOEL.
AND THEN WE HAVE A, A SERIES OF DEPARTMENTS, SUSTAINABILITY, ECONOMIC DEVELOPMENT IN CENTER CITY OPERATIONS THAT WE'LL GO THROUGH.
SO WE'LL HAVE QUESTIONS AFTER THE DEBT PLAN, AND THEN QUESTIONS AGAIN AFTER THE THREE DEPARTMENTS DO THEIR BRIEFING.
SO I'LL TURN IT OVER NOW TO OUR CITY MANAGER, ERIC WALSH.
UH, YOU SAID IT, UH, VERY WELL.
UH, YOU SAID IT, UH, VERY WELL, MAYOR.
SO
UH, HE'LL GO OVER OUR DEBT MANAGEMENT PLAN.
UH, GOOD AFTERNOON, MAYOR AND COUNCIL.
UH, GOOD AFTERNOON, MAYOR AND COUNCIL MEMBERS.
AS THE CITY MANAGER STATED, I'LL BE COVERING THE DEBT PLAN TODAY.
FIRST OFF, I WISH I COULD TELL YOU THAT THIS IS GONNA BE A REALLY EXCITING PRESENTATION.
I DON'T, UNFORTUNATELY, IT'S DEBT, SO IT'S A LITTLE BIT OF A, A DRIER CONVERSATION, BUT WE'LL TRY TO GET THROUGH AS QUICK AS WE CAN.
I'M GONNA START WITH JUST SOME BACKGROUND, A LITTLE.
I'M GONNA START WITH JUST SOME BACKGROUND, A LITTLE BIT ON THE DIFFERENT TYPES OF DEBT THAT WE ISSUE.
WE ISSUE GENERAL OBLIGATION BONDS, WHICH YOU'RE PROBABLY MOST FAMILIAR WITH, MOST CITIZENS ARE MOST FAMILIAR WITH.
THESE ARE VOTER AUTHORIZED BONDS.
THEY'RE SUPPORTED BY PROPERTY TAXES, AND WE USE PROPERTY TAXES TO PAY FOR THAT DEBT.
WE ALSO ISSUE CERTIFICATES OF OBLIGATION, WHICH ARE ALSO PAYABLE FROM PROPERTY TAXES.
THEY ARE JUST LIKE A GENERAL OBLIGATION BOND.
THE ONLY DIFFERENCE IS THEY'RE NOT VOTER AUTHORIZED.
WE DO HAVE A STATUTORY PROCESS THAT WE GO THROUGH.
WE HAVE TO GIVE NOTICE TO THE PUBLIC, UM, BE VERY CLEAR ABOUT WHAT WE INTEND TO ISSUE THOSE CERTIFICATES OF OBLIGATION FOR.
AND THEN THERE'S A PERIOD OF TIME, ONCE WE'VE ADVERTISED THAT BEFORE YOU ALL AS A GOVERNING BODY CAN TAKE ACTION, AND, AND WE CAN MOVE FORWARD WITH A, UH, AUTHORIZATION TO ISSUE, UH, CERTIFICATES OF OBLIGATION CATEGORY.
THE THIRD CATEGORY ARE TAX NOTES.
THEY'RE ALSO PAYABLE FROM PROPERTY TAXES, ALSO NOT VOTER AUTHORIZED, BUT THEY'RE SHORTER IN LENGTH.
THEY CAN'T EXCEED, UH, SEVEN YEARS.
SO THE BONDS HAVE TO BE, OR THE TAX NOTES HAVE TO BE REPAID WITHIN SEVEN YEARS.
AND THEN THE LAST CATEGORY IS REVENUE DEBT.
UM, ALSO NON VOTER AUTHORIZED, BUT THIS ISN'T, IN THIS CASE, WE'RE NOT USING PROPERTY TAXES TO PAY FOR THE DEBT.
WE'RE USING SOME SPECIFIC REVENUE SOURCE.
UH, BEST EXAMPLE OF THIS WOULD BE LIKE THE AIRPORT.
THE ONLY THING THAT GOES TOWARDS THE, THAT IS PLEDGED TOWARDS THE REPAYMENT OF THE DEBT, AND THAT IS USED FOR THE REPAYMENT OF THE DEBT IS AIRPORT REVENUES.
UH, IN TERMS OF BOND RATINGS, UH, IN TERMS OF BOND RATINGS, THESE ARE THE SCALES THAT THE THREE MAJOR RATING AGENCIES USE.
FITCH, MOODY'S, AND STANDARD AND POS.
THE HIGHEST RATING YOU CAN HAVE AS THE AAA UP, THEY'RE ON TOP.
AND THEN YOU CAN SEE THE DIFFERENT RATING CATEGORIES FOR HIGH GRADE, UPPER MEDIUM GRADE, AND LOWER MEDIUM GRADE, UH, ENDING THERE WITH A TRIPLE B.
ANYTHING BELOW THAT WOULD BE NOT CONSIDERED INVESTMENT GRADE.
ON THIS SLIDE, WE HAVE OUR CURRENT, ON THIS SLIDE, WE HAVE OUR CURRENT BOND RATINGS FOR ANY OF THE DEBT THAT WE HAVE OUTSTANDING.
WE HAVE OUR, UH, GENERAL OBLIGATION CERTIFICATE OF OBLIGATION TO TAX NOTES.
BASICALLY ALL THE DEBT THAT WE HAVE, UH, THAT IS SUPPORTED WITH.
AND, UH, WE, WE USE PROPERTY TAXES TO REPAY THAT DEBT.
WE HAVE, OF COURSE, EXCELLENT RATINGS THERE.
[00:05:01]
AAA, UH, RATINGS BY MOODY'S AND S AND P, WHICH WE, WHICH WERE REAFFIRMED THIS PAST SUMMER, UH, AS WELL AS OUR DOUBLE A PLUS WITH FITCH.UH, WITH RESPECT, UH, WITH RESPECT TO THOSE RATINGS, THE TWO BIGGEST CHALLENGES I THINK WE STILL HAVE, UH, FACING US WITH RESPECT TO THOSE RATINGS ARE, UH, ARE MAINTAINING OUR FINANCIAL POSITION, GIVEN THE CHANGE FINANCIAL PARAMETERS THAT WE OPERATE IN, WHILE STILL BEING ABLE TO, TO MEET THE MANY DEMANDS OF THE COMMUNITY.
AND THEN, OF COURSE, UH, PROPOSITION C AND, AND THE UNCERTAINTY THAT, UH, THAT BINDING ARBITRATION PROCESS WITH THE FIRE UNION BRINGS INTO, INTO THE PROCESS.
I WON'T GO THROUGH ALL THE OTHER RATINGS THERE.
I'M HAPPY TO FOLLOW UP WITH YOU ALL INDIVIDUALLY IF THERE ARE QUESTIONS ABOUT ANY OF THOSE OTHER RATINGS THAT WE HAVE LISTED THERE FOR OTHER TYPES OF DEBT THAT'S OUTSTANDING.
UM, THIS PAST, UH, AUGUST 13TH, WE DID ISSUE BONDS THAT YOU ALL AUTHORIZED US TO MOVE FORWARD WITH BACK IN JUNE.
UH, HAD A GREAT, GREAT RESULT ON THIS TRANSACTION.
WE HAD AN OVERALL INTEREST COST OF 2.27%.
SO ANYTIME YOU CAN TALK ABOUT ISSUING LONG-TERM DEBT, LONG-TERM BONDS, AND YOU END UP WITH AN INTEREST RATE OF 2.27%, THAT'S REALLY GOOD.
UM, IT MEANS THAT OUR, OUR INTEREST COSTS ARE, ARE REALLY LOW ON THIS BOND ISSUE.
UM, IT INCLUDED THREE DIFFERENT COMPONENTS.
WE HAD OUR GENERAL OBLIGATION BONDS, WHICH WERE, WERE TRULY THE NET, WERE THE, UH, THIRD INSTALLMENT OF THE 2017 BOND AUTHORIZATION THAT WAS APPROVED AT A BOND ELECTION IN 2017.
WE ALSO INCLUDED A REFINANCING OF DEBT.
SO MUCH LIKE PEOPLE CAN REFINANCE A MORTGAGE FOR SAVINGS, WE CAN REFINANCE SOME OF OUR DEBT AT TIMES FOR SAVINGS.
WE REFINANCED ABOUT $187 MILLION IN BONDS.
WE GOT PRESENT VALUE, INTEREST COST SAVINGS OF $26.1 MILLION.
THE PRESENT VALUE PIECE REALLY JUST MEANS IF YOU TAKE THE LOWER INTEREST COST OVER THE REMAINING LIFE OF THAT DEBT, AND YOU PUT IT IN TODAY'S DOLLARS, IT'S, IT'S A VALUE OF $26.1 MILLION.
ANYTIME WE LOOK AT A REFINANCING, WE ALWAYS LOOK AT IT IN TERMS OF TODAY'S DOLLARS.
'CAUSE WE WANT TO ADJUST FOR THE TIME VALUE OF MONEY SO THAT WE'RE LOOKING AT IT AND MAKING SURE THAT IT'S AN EFFECTIVE TRANSACTION FOR US.
BUT A REALLY GREAT, UM, UH, RESULT FROM THAT PRICING.
UH, THE OTHER TWO COMPONENTS THAT WERE INCLUDED IN THERE WERE SOME CATE CERTIFICATES OF OBLIGATION AT ABOUT, UH, $36 MILLION AND $34.5 MILLION IN TAX NOTES.
ALL OF THAT TO FUND PROJECTS WITHIN THE APPROVED CAPITAL BUDGET.
UH, TOTAL OUTSTANDING DEBT, UH, TOTAL OUTSTANDING DEBT IS $3.1 BILLION.
THIS INCLUDES OUR RESTRICTED, UH, DEBT AND REVENUE DEBT AS WELL.
YOU, YOU SEE THAT BROKEN DOWN.
YOU SEE THAT BROKEN DOWN HERE ON THAT, THIS SLIDE, UH, TOP ROW IS, AGAIN, ALL OF OUR PROPERTY TAX SUPPORTED DEBT AT JUST OVER $2 BILLION WITH AN EFFECTIVE INTEREST RATE ON ALL OF THOSE BONDS OF 2.51%.
THE AVERAGE LIFE THAT YOU SEE SITTING OFF TO THE FAR RIGHT, THAT IS A MEASURE OF, IT'S SOMETHING THE RATING AGENCIES LOOK AT A LOT.
IT'S SOMETHING THAT WE FOCUS ON A LOT.
IT REALLY IS A MEASURE OF HOW FAST YOU'RE PAYING OFF YOUR PRINCIPAL.
SO AN EASY WAY TO LOOK AT THAT IS IF I ISSUE 20 YEAR BONDS, AND IF WE'RE PAYING THE SAME AMOUNT OF PRINCIPAL IN THE FIRST 10 YEARS AS WE ARE IN THE LAST 10 YEARS, YOU'RE GONNA HAVE AN AVERAGE LIFE OF 10 ON THAT 20 YEAR DEBT.
UH, IN THIS CASE, WE'RE AT 8.7 YEARS, WHICH IS STRONG.
THIS IS ONE OF THE THINGS WE USE TO HELP US MANAGE OUR DEBT AS WE GO THROUGH DIFFERENT ECONOMIC CYCLES.
UM, NEXT LISTED THERE ARE ALL THE AIRPORT OUTSTANDING BOND ISSUES.
OUR GENERAL AVIATION REVENUE BONDS, OUR PASSENGER FACILITY CHARGE BONDS IN OUR CUSTOMER FACILITY CHARGE BONDS, WHICH THE LAST COURT CATEGORY WAS REALLY USED TO BUILD THE RACK FACILITY.
UM, WE ARE LOOKING AT, YOU'LL SEE THERE ON THE AIRPORT, UM, GENERAL AVIATION REVENUE BONDS.
AND ON THE PASSENGER FACILITY CHARGE BONDS, YOU CAN SEE THE INTEREST RATES ARE A LITTLE BIT HIGHER, 4.6%, 4.8%.
THAT'S, UM, AS A RESULT OF THE TYPE OF BOND THAT WE'RE ISSUING THERE AND THE RATING TIED TO THAT.
BUT ALSO AS WE HAVE OPPORTUNITIES TO REFINANCE DEBT, WE'LL LOOK AT THOSE.
AND IN THIS CASE, WE DO HAVE SOME BONDS THAT ARE CURRENTLY CALLABLE, MEANING THEY'RE, THEY'RE ELIGIBLE TO BE REFINANCED.
SO WE'RE GONNA BE COMING TO YOU ALL IN THE FALL AND ASKING FOR YOUR AUTHORIZATION TO MOVE FORWARD FOR WITH A REFINANCING FOR SAVINGS.
AND THAT WILL CERTAINLY HELP THE AIRPORT.
AS WE PUT THAT TRANSACTION TOGETHER.
WE'RE GONNA BE LOOKING AT A COUPLE OF THINGS.
WE WANNA MAKE SURE THAT WE, UM, ACHIEVE INTEREST COST SAVINGS, BUT THAT WE ALSO MAINTAIN FLEXIBILITY WITHIN THE DEBT STRUCTURE.
AS YOU ALL KNOW, THE AIRPORT'S MOVING FORWARD WITH THEIR MASTER PLAN.
AS THAT GETS DONE, WE NEED TO MAKE SURE WE'RE BUILDING CAPACITY FOR THE FUTURE AS WELL, SO THAT WE HAVE CAPACITY TO HOPEFULLY WORK ON IMPLEMENTING THE, THE RESULTS OF THAT MASTER PLAN.
UM, UM, SOME OF THE OTHER ONES LISTED THERE, I'LL JUST NOTE, ARE THE, UM, PA THE, UH, PUBLIC FACILITIES CORPORATION LEASE REVENUE BONDS AT 544.7 MILLION.
THOSE ARE REALLY THE BONDS THAT ARE TIED TO THE CONVENTION CENTER, UH, AND INCLUDES THE THREE $5 MILLION THAT WE ISSUED TO DO THE MOST RECENT EXPANSION IN 2012, PLUS THE DEBT THAT WAS OUTSTANDING PRIOR TO THAT.
WE REFINANCED ALL OF THAT INTO THIS PUBLIC FACILITIES, UH, CORPORATION LEASE REVENUE BOND STRUCTURE.
THOSE BONDS ARE BEING PAID FOR WITH HOTEL OCCUPANCY TAX
[00:10:01]
REVENUES.THAT IS THE ONLY SOURCE OF REVENUE THAT'S BEING USED TO RETIRE THAT DEBT.
UH, AND AGAIN, AS WE HAVE OUR OPPORTUNITIES, UM, WITHIN THE MARKET, AND AS OUR BONDS BECOME CALLABLE, WE'LL ALWAYS LOOK FOR OPPORTUNITIES TO REFINANCE DEBT SO THAT WE CAN LOWER OUR OVERALL COST OF BORROWING AND MAKE SURE WE'RE, UH, ACHIEVING INTEREST COST SAVINGS WHERE WE CAN, MOVING OVER TO OUR PROPERTY.
MOVING OVER TO OUR PROPERTY TAX DEBT OUTSTANDING.
IT IS AT JUST ABOUT $2 BILLION.
AND AGAIN, THAT INCLUDES OUR GENERAL OBLIGATION BONDS, OUR CERTIFICATES OF OBLIGATION AND TAX NOTES.
WHEN YOU LOOK AT OUR LEGAL LIMITS FOR OUR PROPERTY TAX SUPPORTED DEBT, UM, THERE ARE REALLY TWO THINGS THAT WE LOOK AT.
WE LOOK AT STATE LAW AND WE LOOK AT THE, UM, CITY CHARTER.
THE CHARTER SAYS THAT OUR OUTSTANDING PROPERTY TAX SUPPORTED DEBT ONLY, THE PROPERTY TAX SUPPORTED PIECE CANNOT EXCEED 10% OF OUR TOTAL ASSESSED VALUATION BASED ON OUR TOTAL ASSESSED VALUATION.
OUR TAX, UH, OUR PROPERTY TAX DEBT CEILING IS $13.3 BILLION.
UM, AND YOU'LL SEE ON THE NEXT SLIDE THAT WE'RE NOWHERE NEAR THAT.
AND AS I MENTIONED, WE ONLY HAVE $2 BILLION OUTSTANDING.
UH, THE OTHER THING WE LOOK AT FROM A STATE LAW PERSPECTIVE IS, UM, PROPERTY TAX.
THE PROPERTY TAXES THAT WE LEVY, THE TAX RATE THAT WE LEVERAGE TO ACTUALLY PAY FOR OUR PROPERTY TAX SUPPORTED DEBT CANNOT EXCEED A DOLLAR 50, $1 50 CENTS PER $100 OF VALUATION.
UH, OUR CURRENT TAX RATE FOR THE DEBT PORTION IS 21 CENTS, AND IT'S BEEN 21 SINCE SINCE 2004.
SO WHEN YOU LOOK AT IT IN TERMS OF OUR LEGAL, OUR ACTUAL DEBT VERSUS OUR LEGAL CAPACITY, UM, IN 2006, WE WERE AT ABOUT 15% OF OUR DEBT CEILING, WHICH IS A FUNCTION, AGAIN, OF OUR ASSESSED VALUATION, UH, WHICH IS GENERATING THE PROPERTY TAX REVENUES THAT WE'RE USING TO PAY FOR THE DEBT.
IF YOU LOOK AT IT IN 2019, WE'RE AT ABOUT 14% OF OUR, UM, DEBT CEILING.
UH, ON A SUBSEQUENT SLIDE COMING UP HERE A LITTLE BIT, I'LL SHOW YOU HOW DIFFERENT OUR BOND PROGRAMS LOOKED PRIOR TO 2006.
THEY WERE MUCH SMALLER VERSUS WHAT WE'VE BEEN ABLE TO DO SINCE 2007.
BUT AGAIN, I THINK WE'VE DONE IT IN A VERY FISCALLY RESPONSIBLE WAY.
YOU CAN SEE THAT AS A FUNCTION OF OUR ASSESS VALUATION.
WE'RE AT ABOUT THE SAME PLACE WE WERE IN 2006.
UH, IN TERMS OF, UH, IN TERMS OF OUR DEBT PER CAPITA, THE STATE COMPTROLLER, UH, PUTS OUT ON THEIR WEBSITE A COMPARISON OF OUR AVALOR DEBT PER CAPITA, UH, UH, BY CITY.
YOU CAN SEE IN TERMS OF THE LARGEST CITIES, WE ARE THE, UH, WE RANKED SEVENTH OUT OF 10TH LOIS, UH, IN THE STATE AT $1,131, UH, PER CAPITA IN TERMS OF OUR PROPERTY TAX SUPPORTED DEBT, PROPERTY TAX RATES, THE PROPERTY TAX RATES.
UH, WE ACTUALLY, UH, WE ACTUALLY, UH, ASK YOU ALL TO APPROVE THAT AND ARE ACTUALLY REQUIRED TO APPROVE THAT IN TWO DIFFERENT COMPONENTS.
THE FIRST IS CALLED THE MAINTENANCE AND OPERATIONS COMPONENT, WHICH FUNDS THE GENERAL FUND.
THAT'S OUR PROPOSED 0.35 CENTS PER $100 EVALUATION.
AND THEN WE'LL ASK YOU SEPARATELY TO ADOPT A I N S INTEREST AND SINKING FUND, UH, TAX RATE, THE DEBT SERVICE FUND TAX RATE.
IN THIS CASE IT'S 0.21 CENTS PER $100 A VALUATION.
BUT THAT 21 CENTS WE'VE HAD IN PLACE SINCE 2004.
AND SO WE HAVE BEEN MANAGING TO CAPACITY, UH, WITH THAT TAX RATE.
SO EVERY BOND PROGRAM WE'VE DONE, WE TRY TO BUILD PROJECTIONS AND ASSUMPTIONS THAT ALLOW US TO HOLD THAT TAX RATE AT 21 CENTS AND NOT BE ACCOUNTING ON AN INCREASE IN THE TAX RATE IN ORDER TO ACHIEVE OUR BOND PROGRAMS. SO AGAIN, THE TOTAL TAX RATE PROPOSED FOR NEXT YEAR IS 0.56 CENTS PER $100 OF VALUATION.
MOVING OVER TO THE PROPERTY TAX.
MOVING OVER TO THE PROPERTY TAX, UH, DEBT PLAN AND SOME OF THE ASSUMPTIONS WE LOOK AT, THE BIGGEST ONE, UM, THE BIGGEST ONE THAT'S GONNA INFLUENCE HOW, WHAT CAPACITY LOOKS LIKE IN THAT BOND PROGRAM OR IN THE DEBT PLAN, IS GONNA BE OUR NET TAXABLE ASSESSED VALUATION GROWTH.
SO WHAT, WHAT ASSESSED VALUATION DOES IN THE FUTURE, UH, HEAVILY INFLUENCES WHAT'S GONNA HAPPEN WITH OUR DEBT CAPACITY, DEBT SERVICE TAX RATE.
I'VE MENTIONED, YOU KNOW, FROM A COUNCIL POLICY PERSPECTIVE, UM, SINCE 2004, WE HAVE BEEN MANAGING THE DEBT PLAN TO THAT 21 SINCE, UH, TAX RATE.
UH, WE DO LOOK AT THE LENGTH OF OUR DEBT.
I MENTIONED HOW WE MANAGE THE AVERAGE LIFE.
WHERE THAT COMES INTO PLAY, AS I MENTIONED, UH, IT'S A FUNCTION OF HOW FAST YOU PAY PRINCIPLE.
SO WHEN WE'RE IN A STRONGER ECONOMIC CYCLE, WE WILL TRY TO ACCELERATE PRINCIPLE A LITTLE BIT, AND THAT'S WHY YOU SEE THAT 8.7, UH, YEARS ON, ON A PREVIOUS SLIDE.
AS THE ECONOMY STARTS TO SLOW AND WE GO THROUGH THOSE SLOWER CYCLES OR POTENTIALLY INTO A RECESSION, THEN WE WILL, WE WILL START TO EXTEND IT A LITTLE BIT.
BUT WE NEVER GO ABOVE THE 10 YEARS.
BUT THAT GIVES US A LITTLE BIT OF FLEXIBILITY TO ADJUST TO THE ECONOMIC CONDITIONS WITHOUT HOPEFULLY HAVING TO COME TO YOU AND SAY, WE REALLY NEED TO DELAY PROJECTS OR SLOW THE BOND PROGRAM DOWN BECAUSE WE'RE IN A RECESSION, WE CAN'T AFFORD TO ISSUE THE DEBT.
IT'S ONE OF THE LEVERS THAT WE CAN PULL TO TRY TO MANAGE THROUGH THOSE KINDS OF RECESSIONS.
[00:15:01]
THAT WITH THE LAST MAJOR RECESSION WITHOUT HAVING TO REALLY, UM, STOP OR DEFER PROJECTS.UH, IN THE BOND PROGRAM, WE WERE ABLE TO KEEP ALL OF THOSE PROJECTS MOVING.
AND OF COURSE, THE WIN-WIN THERE WAS THAT MANY CONTRACTORS, BECAUSE OF THE RECESSION, WERE ALSO TRYING TO KEEP, UH, EMPLOYEES EMPLOYED.
THEY WERE TRYING TO KEEP WORK, UH, COMING.
SO WE GOT REALLY STRONG BIDS, UM, HELP STIMULATE THE ECONOMY FROM OUR STANDPOINT.
SO WE THINK THAT THAT'S A, A GOOD PROGRAM, UH, ALL THE WAY AROUND.
FROM THAT STANDPOINT, WE TRY TO DO OUR BEST.
WE TRY TO DO OUR BEST TO TRY TO, UH, PROJECT WHAT INTEREST RATES ARE GOING TO DO OVER THE LONG TERM.
VERY HARD TO DO, BUT WE'VE KIND OF BUILT A MODEL THAT WE THINK GIVES US SOME FLEXIBILITY TO ADJUST.
I MENTIONED THE AVERAGE LIFE THAT WE MANAGE, UM, AND AS WE HAVE FUNDS IN PLACE, WE HAVE AN INVESTMENT RATE THAT WE'RE ASSUMING, AND THEN WE HAVE A LITTLE BIT OF A FUND BALANCE IN THIS PROGRAM THAT ALLOWS US, AGAIN, TO ADJUST TO THE ECONOMY AS IT'S GROWING OR SLOWING.
WE'RE ABLE TO USE THAT TO HELP US A LITTLE BIT MANAGE.
AND, AND AGAIN, THE GOAL HERE IS TO MAKE SURE THAT WE CAN TRY AND MOVE FORWARD WITH THE CAPITAL PROGRAM, WITH THE BOND, WITH THE BOND PROGRAMS WITHOUT HAVING TO SLOW DOWN OR STOP PROJECTS.
UM, REGARDLESS OF WHAT THE ECONOMY'S DOING, THAT'S OUR GOAL.
AND OBVIOUSLY, IT DEPENDS ON HOW DEEP A RECESSION YOU HAVE AND HOW MUCH PROPERTY TAX VALUES FALL, BUT WE WERE ABLE TO DO THAT DURING THIS LAST MAJOR RECESSION.
UM, IN TERMS OF THE LATEST UPDATE TO THE, UH, PROPERTY TAX, UH, DEBT PLAN, THIS KIND OF SUMMARIZED THE LAST SEVERAL PROGRAMS. SO YOU CAN SEE PRIOR TO 2007, WE HAD VERY SMALL, THE, THE BOTTOM BAR IS OUR GENERAL OBLIGATION PROGRAM, AND THEN YOU HAVE CERTIFICATES OF OBLIGATION STACKED ON TOP OF THAT.
YOU CAN SEE THAT THEY WERE, UH, MUCH SMALLER PROGRAMS, UH, IN PLACE.
IN 2007, WE STARTED TO, TO MOVE TOWARDS LARGER BOND PROGRAMS, SAME TAX RATES, SO HOLDING IT AT 21 CENTS, BUT REALLY FOCUSING ON LARGER GENERAL OBLIGATION BOND PROGRAMS. UM, YOU SEE CERTIFICATES OF OBLIGATION IN THERE AS WELL THAT ALLOW US TO ADD, UM, CAPACITY IN BETWEEN BOND ELECTIONS.
WE'VE GOT THEM PROGRAMMED EVERY FIVE YEARS FOR YOU ALL TO HAVE THE OPTION TO GO OUT, UH, TO THE COMMUNITY WITH A BOND PROGRAM OR A BOND ELECTION.
BUT IN BETWEEN THERE, THE CERTIFICATES OF OBLIGATION PLAY AN IMPORTANT ROLE BECAUSE AS YOU KNOW, PROJECTS COME UP, THINGS CHANGE.
THIS ALLOWS YOU TO MEET THE DEMANDS OF THE COMMUNITY AND STILL STAY WITHIN OUR FINANCIAL PARAMETERS.
UH, TAX NOTES I MENTIONED ARE VERY SHORT, UH, TERM.
THEY HAVE A VERY SHORT TERM AMORTIZATION.
WE AMORTIZE THEM IN LESS THAN SEVEN YEARS, MOST OF THE TIME IN LESS THAN FIVE YEARS.
WE USE THOSE FOR TECHNOLOGY PROJECTS.
TECHNOLOGY PROJECTS TEND TO NOT HAVE AS LONG A LIFE IN TERMS OF A USEFUL LIFE.
SO WE'RE ABLE TO MATCH THAT UP WITH, UH, WITH THE TAX NOTES AND HAS BEEN, THAT HAS REALLY HELPED US MANAGE OUR AVERAGE LIFE AS WELL.
UM, THE LAST BOX YOU SEE UP THERE ON TOP, I WANTED TO NOTE, WAS IT'S WHAT WE CALL SELF-SUPPORTING DEBT.
WHAT THIS BASICALLY MEANS IS IT IS A, A, A DEBT INSTRUMENT THAT WE'RE ISSUING.
IT CAN BE A CERTIFICATE OF OBLIGATION THAT WE'RE ISSUING TO THE BOND HOLDER.
WE'RE PLEDGING THAT WE'RE GONNA USE PROPERTY TAXES TO PAY FOR IT.
SO WE'RE TAKING ADVANTAGE OF OUR VERY STRONG AAA BOND RATING PLUS OUR AA PLUS FROM FITCH.
WE'RE USING THOSE EXCELLENT BOND RATINGS TO GET A LOWER COST OF BORROWING, BUT THEN WE'RE NOT USING PROPERTY TAX REVENUES INTERNALLY TO PAY FOR, WE'RE USING OTHER REVENUES TO PAY FOR.
FOR EXAMPLE, IF WE WERE TO DO SOMETHING AND, UH, IN THE PAST WE BUILT A PARKING GARAGE TO, WELL, IF WE WERE TO ISSUE PARKING DEBT JUST OFF OF THE PARKING SYSTEM, THE INTEREST COST WOULD BE MUCH, MUCH HIGHER BECAUSE THE BOND HOLDER'S SAYING, I ONLY HAVE THIS REVENUE STREAM OF PARKING, UH, AS A WAY TO GET REPAID, SO I'M GONNA CHARGE YOU A HIGHER INTEREST COST FOR THAT.
IF WE PUT THE PROPERTY TAX PLEDGE BEHIND IT, THEY SEE THE FULL FAITH AND CREDIT OF THE CITY, THE AAA BOND RATING THERE, WE GET A LOWER COST OF BORROWING, BUT THEN I STILL USE THE PARKING REVENUES TO PAY FOR THE DEBT.
SO IT'S CALLED SELF-SUPPORTING.
SO THAT'S ONE OF THE WAYS WE'RE ABLE TO TAKE ADVANTAGE OF OUR VERY STRONG BOND RATING AND LOWER THE COST OF BORROWING, NOT ONLY IN OUR GEO AND T AND TAX NOTE PROGRAM, BUT AS WELL AS SOME OF OUR OTHER ISSUANCE AS WELL AS WELL, IN TERMS OF FY 2020, SOME OF THE THINGS WE'LL BE COMING FORWARD AND ASKING YOUR APPROVAL FOR, UM, TO MOVE FORWARD WITH, UH, THIS SEPTEMBER, WE'RE GONNA BE MOVING FORWARD WITH A $6 MILLION, WE'LL CALL IT PRIVATE PLACEMENT.
WE'LL, WE'LL BASICALLY BID THIS TO A FEW BANKS AND WE'RE GONNA PLACE $6 MILLION.
THIS IS TIED TO BUILDING RENOVATIONS THAT HA HAVE HAPPENED OUT AT BROOKS CITY BASE IN ORDER TO RE UH, REIMBURSE, UM, UH, BROOKS, THE BROOKS DEVELOPMENT AUTHORITY FOR THE WORK THAT'S ALREADY BEEN DONE THERE.
UH, I MENTIONED THE AIRPORT REFUNDING TRANSACTION.
WE'RE LOOKING AT FOR THIS FALL.
THE MARKET CONTINUES TO BE IN A VERY STRONG POSITION FROM AN INTEREST RATE PERSPECTIVE IN TERMS OF ISSUING DEBT.
SO WE WANT TO GO FORWARD AND CAPTURE SOME INTEREST COST SAVINGS, AND WORK ON A TRANSACTION THAT MAINTAINS OUR FLEXIBILITY FOR THE AIRPORT GOING FORWARD.
UH, THE CONVENTION CENTER IN ALAMO DO, THERE'S A NUMBER OF IMPROVEMENTS AT BOTH OF THOSE FACILITIES THAT WE'RE LOOKING AT.
UM, I I, I DON'T THINK THAT WE'LL HAVE A FINANCING DONE BY SPRING OF 2020, BUT WE'LL PROBABLY COME BACK TO YOU BY SPRING OF 2020 WITH A
[00:20:01]
PROPOSED PLAN IN TERMS OF WHAT WE WOULD BE LOOKING TO MAKE IMPROVEMENTS IN THOSE BUILDINGS AND HOW WE WOULD BE FUNDING THOSE IMPROVEMENTS.UM, THAT'S SOMETHING WE'LL BE WORKING WITH, UH, THE CONVENTION CENTER, ALAMO DOME AND OUR STAKEHOLDERS ON OVER THE NEXT, UH, SIX OR SEVEN MONTHS.
UH, FROST TOWER RENOVATIONS SPRING OF 2020 IS WHAT WE'RE TARGETING.
UM, AS YOU RECALL, WE HAVE ALREADY ISSUED DEBT TO, UH, ACQUIRE THE BUILDING.
WE HAVE, UH, WE OWN THE, THE OLD FROST TOWER I'LL CALL CITY TOWER.
UH, WE ARE MOVING FORWARD WITH RENOVATIONS TO THAT BUILDING, AND WE NEED TO, UH, FUND THOSE RENOVATIONS.
SO WE'LL BE ISSUING SOME DEBT TO COVER THAT.
UM, IN THAT PARTICULAR CASE, THE DEBT IS BEING PAID FOR FROM, UH, THE PROFORMA THAT WE DEVELOPED AND HAS SHARED WITH YOU WHERE WE'VE TOLD YOU THAT PROJECT IS GONNA BE, UH, COST NEUTRAL TO THE CITY.
UM, THAT CONTINUES TO BE THE CASE.
AND, AND THIS, THESE BONDS WILL BE PAID FOR OUT OF THAT FUND.
UH, AND THEN WE, OF COURSE HAVE OUR NEXT INSTALLMENT, OUR GENERAL OBLIGATION BOND CERTIFICATES OF OBLIGATION AND TAX NOTE SCHEDULE FOR NEXT SUMMER.
UM, I DON'T HAVE THE EXACT DOLLAR AMOUNTS.
WE'LL SIZE THOSE AS WE GET CLOSER.
AND AGAIN, THAT IS TO FUND THE NEXT INSTALLMENT OF THE 2017 BOND PROGRAM, PLUS THE IMPROVEMENTS THAT ARE INCLUDED WITHIN THE, UH, ADOPTED 2020, UH, CAPITAL BUDGET.
SO, SO WITH THAT, MAYOR, THAT CONCLUDES MY PRESENTATION, AND I WOULD BE HAPPY TO ANSWER ANY QUESTIONS.
THANK YOU VERY MUCH FOR THE PRESENTATION.
THANK YOU VERY MUCH FOR THE PRESENTATION.
BEN, I CHALLENGE YOU, UH, FOR NEXT YEAR TO PRODUCE A SAN ANTONIO FIRE DEPARTMENT STYLE VIDEO TO START YOUR PRESENTATION.
I'M GONNA NEED A LOT OF HELP WITH THAT, MAYOR.
UM, AND NOT, NOT IN TOTAL JES, BECAUSE I THINK THAT THE PRESENTATION THAT YOU DELIVER EVERY YEAR IS VERY IMPORTANT FOR US, IS A PICTURE OF, UM, HOW WE HAVE MAINTAINED, UH, OUR STRENGTH FISCALLY THROUGH A LOT OF DIFFICULT TIMES.
AND YOU MENTIONED THE RECESSIONS, UM, BUT THIS, UH, PRESENTATION, IF IT COULD BE BOILED DOWN FOR THE PUBLIC, IS REALLY, UH, A PICTURE OF FISCAL STEWARDSHIP, WHICH I THINK WE'RE VERY PROUD OF.
AND SO, UH, KEEP UP THE GREAT WORK TO YOU AND YOUR TEAM.
BUT YOU, YOU DID MENTION SOME OF THE THINGS THAT YOU HAVE TO DO KIND OF BEHIND THE SCENES, UH, TO MAKE SURE THAT WE'RE PREPARED FOR, UH, THE CYCLICAL, UM, DOWNTURN AND, AND OTHER ISSUES THAT HAPPEN IN THE ECONOMY, UH, INCLUDING POLITICAL.
SO WHAT, WHAT, GIVE US A PICTURE OF WHAT YOU GUYS ARE DEALING WITH, UM, RIGHT NOW AND WHAT YOU'RE EXPECTING AND SOME OF THE THINGS THAT WE NEED TO BE CONCERNED ABOUT AS WE MAKE DECISIONS UP HERE ABOUT THAT ISSU DEBT ISSUANCES AND, AND THE LIKE, GO TO SLIDE.
SO, CAN I GO TO SLIDE, UM, 15? I'LL START.
I GUESS I'LL START JUST FROM THE STANDPOINT OF SOME OF THE CHALLENGES WE'RE DEALING WITH, OF COURSE, ARE OUR CHANGE FISCAL REALITIES.
WE'VE TALKED A LOT ABOUT THAT COMING OFF THIS LAST LEGISLATIVE SESSION WITH SB TWO COMING INTO PLAY.
IT DOES NOT AFFECT A DEBT SERVICE TAX RATE, BUT IT CLEARLY AFFECTS THE OPERATING SIDE OF THE BUDGET.
UM, SO THAT CREATES CHALLENGES FOR US BECAUSE I THINK MANY TIMES WHEN I HAVE CONVERSATIONS ABOUT OUR BOND RATING, UM, IT TENDS TO FOCUS ON, WELL, YOU HAVE A DEBT SERVICE TAX RATE AND YOU HAVE A BOND PROGRAM, AND WHAT YOU DO ON THE OPERATING SIDE DOESN'T MAN MATTER.
AND IF YOU LOOK AT THE RATING METHODOLOGIES AND HOW THEY ASSESS US, THEY ASSESS EVERYTHING.
THEY'RE REALLY LOOKING AT HOW WE AS AN ORGANIZATION ARE HELPING OUR COMMUNITY THRIVE.
AND WHILE WE DON'T VIEW OURSELVES AS PRIVATE SECTOR EMPLOYERS WHERE YOU'RE IN COMPETITION, BUT IN FACT YOU ARE IN COMPETITION WITH OTHER CITIES, AND YOU WANT TO HAVE A LONG-TERM THRIVING CITY THAT SUPPORTS GROWTH, THAT, THAT YOU CAN SUPPORT A STRONG QUALITY OF LIFE.
SO THOSE THINGS THAT WE DEALT WITH COMING OFF THE LEGISLATURE THAT IMPACT THE OPERATING SIDE, PUT PRESSURE ON THE RATING AS WELL.
UM, THEY CLEARLY PUT PRESSURE ON THE RATING.
UM, IN TERMS OF THE FUTURE AND WHAT IT LOOKS LIKE, WE GAVE YOU AN IDEA OF WHAT 2022 AND 2027 WILL LOOK LIKE.
WE BUILD BOND PROGRAMS EVERY FIVE YEARS.
UM, I WILL TELL YOU WE WILL GET TO 2021 AND WE'LL GIVE YOU A BETTER PICTURE OF WHAT THAT LOOKS LIKE.
THE, THE ONE THING THAT WE'RE CONCERNED ABOUT THAT WE CONTINUE TO LOOK AT, AND WE'RE TRYING TO MAKE SURE WE MANAGE FLEXIBILITY, UH, WITHIN THIS PROGRAM IS, YOU PROBABLY SAW LAST WEEK A LOT OF TALK ABOUT RECESSION, GLOBAL RECESSION.
YOU HAD AN IN, WE, WE PRICED ON TUESDAY OF LAST WEEK.
ON WEDNESDAY, THE YIELD CURVE WAS ACTUALLY INVERTED, WHICH, UH, MEANS THAT, UM, INTEREST COSTS FURTHER OUT ON THE CURVE WERE LOWER THAN THEY WERE ON THE FRONT END OF THE CURVE, WHICH USUALLY IS A SIGNAL THAT WE'RE APPROACHING A POTENTIAL RECESSION.
SO GIVEN OUR ALREADY FISCAL CHALLENGES THAT WERE COMING OFF OF THE LEGISLATIVE, THIS LAST LEGISLATIVE SESSION, UM, WITH A POTENTIAL FOR RECESSION, THAT'S CERTAINLY SOMETHING WE WANNA WATCH CLOSELY, BUT WE CONTINUE TO TRY TO BUILD THE PROGRAM HERE THAT GIVES US SOME FLEXIBILITY TO ADJUST.
[00:25:01]
KEO H THANK YOU, MAYOR.THANK YOU FOR THE PRESENTATION.
BEN, MY QUESTION MAY BE SOMEWHAT DUPLICATIVE OF THE MAYOR'S QUESTION, BUT MAYBE THERE'S SOME NEW INFORMATION YOU CAN OFFER.
UH, WILL YOU EXPLAIN THE LONG, LONG-TERM IMPACTS OUR CURRENT BUDGET CHALLENGES WILL HAVE ON OUR DEBT SERVICE PLAN, OR MAY HAVE? UM, NO, I THINK THEY WILL DEFINITELY HAVE AN IMPACT.
AS I MENTIONED, COMING OFF OF THE LEGISLATIVE SESSION, MOST OF THAT IS GONNA IMPACT THE OPERATING SIDE OF THE EQUATION AND THE GENERAL FUND.
BUT WHEN WE LOOK, WHEN WE LOOK AT OUR BOND PROGRAMS, MANY OF THE BOND PROGRAMS ALSO HAVE OPERATIONAL COMPONENTS TO THEM.
SO WHEN WE OPEN NEW SENIOR CENTERS, WHEN WE OPEN NEW PARKS, WE HAVE TO ADD STAFFING OR SUPPORT SERVICES AROUND THAT.
THE MORE CONSTRAINED THE OPERATING SIDE IS, THE MORE CHALLENGING THAT BECOMES ON THE BOND FUND SIDE AS WELL FOR US TO CONTINUE TO ADD PROJECTS THAT WE KNOW ARE GONNA ADD PRESSURE ON THE OPERATING SIDE AS WELL.
SO THAT'S GONNA BE ONE OF OUR CHALLENGES GOING FORWARD, IS MAKING SURE WE STRIKE A BALANCE, UM, AND THAT WE'RE, WE'RE BEING VERY DELIBERATE ABOUT HOW WE FORECAST THOSE, MAKING SURE WE HAVE THE APPROPRIATE INFORMATION FOR YOU ALL SO THAT WE CAN MAKE THOSE, THOSE DECISIONS GOING FORWARD.
COUNCIL MEMBER KEO, HARVARD TO COUNCIL MEMBER SANDOVAL.
THANK YOU, BEN, FOR THE PRESENTATION.
UM, AND I, I APPRECIATE, UH, GOING THROUGH ALL THAT, UH, BACKGROUND ON THIS.
MY QUESTION HAS TO DO WITH THE, UM, HOW WE PAY BACK THE GENERAL OBLIGATIONS, YOU KNOW, UM, WHEN THE DRAFT BUDGET WAS PRE, UH, WAS PRESENTED, AND WE TALKED ABOUT HOUSING, THERE WAS SOME TALK ABOUT USING SOME MONEY FROM TSS TO PAY FOR, UH, FOR HOUSING.
SO I'M, I'M JUST WONDERING WHERE THE TS PAYMENTS FIT INTO ALL OF THIS.
ARE THEY PART OF THE, UM, LEGAL CAPACITY OR, SO IN THIS CASE, YOU'RE, YOU'RE REFERRING TO THE TS UH, FUNDING THAT'S BEEN INCLUDED IN THE PROPOSED BUDGET? NO, IN GENERAL.
SO, UH, TODAY WE DON'T HAVE ANY DEBT.
WE DO HAVE A LITTLE BIT OF DEBT, UM, OUTSTANDING WHERE WE'RE USING TOURS TO REPAY IT, BUT GENERALLY THE TOURS ARE PAY AS YOU GO PROJECTS.
SO, UM, WE ENTER INTO AGREEMENTS WITH DEVELOPERS AS MONEY COMES INTO THE TOURS.
WE, WE FUND PUBLIC IN INFRASTRUCTURE THAT WAY.
THE ONLY ONE THAT I CAN THINK OF THAT WE'VE GOT SOME DEBT OUTSTANDING ON IS, UM, RELATED TO BROOKS, WHERE WE HAVE WORKED WITH BROOKS AND WE HAVE ISSUED SOME CERTIFICATES OF OBLIGATION, UH, TO FUND, UH, ROAD IMPROVEMENT PROJECTS ON THE BASE OR ON BROOKS.
AND THEN WE HAVE USED THE TOURS REVENUES FROM THE BROOKS TO ACTUALLY PAY FOR THAT DEBT.
IT WOULD ACTUALLY SHOW UP IN THAT SELF-SUPPORTING CATEGORY, UM, ON SLIDE 15, THAT VERY TOP BLOCK, UH, LIGHT 10, IT WOULD BE INCLUDED THERE.
BUT THAT IS THE ONLY ONE THAT FROM A TOURS PERSPECTIVE, WHERE WE'RE ACTUALLY HAVE DEBT ASSIGNED OR THAT WE'RE ACTUALLY USING TOUR REVENUES TO PAY FOR DEBT.
COUNCILS MEMBER SANDOVAL, COUNCIL MEMBER COURAGE.
I'D LIKE, I'D LIKE TO ASK, HOW MUCH DOES OUR 21 CENTS ON A HUNDRED DOLLARS BRING IN FOR OUR BOND CAPACITY A YEAR? HOW MUCH MONEY WILL THAT BRING IN FOR US IN THIS COMING YEAR? GIVE JUST A SECOND.
YOU DIDN'T HAVE THAT ONE OFF THE TOP.
YOU DIDN'T HAVE THAT ONE OFF THE TOP.
I WAS GONNA BALL PACK, BALLPARK IT, BUT I BETTER NOT BALLPARK IT.
I'LL MAKE SURE IT'S 2 32 POINT.
NOW HOW WILL THAT ALLOCATED, HOW WILL THAT BE ALLOCATED RIGHT NOW? NOT SURE.
UM, UH, IN TERMS OF WHEN YOU SAY ALLOCATED, WHAT DO YOU MEAN BY, WELL, FOR EXAMPLE, HOW MUCH OF THAT DO WE KNOW IS GONNA GO TO PAY BOND DEBTEDNESS THIS YEAR? SO OUR BOND, UH, PAYMENT THIS YEAR IS ABOUT $250 MILLION.
SO ACTUALLY WE'LL OUT BE PAYING MORE IN BOND INDEBTEDNESS THAN WE'RE BRINGING IN THIS YEAR.
WHICH I GUESS MEANS WE HAVE A RESERVE LEFT OVER FROM SOME PRIOR YEARS.
WE HAVE A LITTLE BIT OF FUND BALANCE, BUT THAT PRIMARILY IS, WE HAVE THOSE OTHER SELF-SUPPORTING SOURCES COMING IN AS WELL.
SO I MENTIONED LIKE PARKING REVENUES.
UM, WE HAVE REVENUES COMING IN FROM, UH, FOR EXAMPLE, DEVELOPMENT SERVICES WHERE WE'RE ISSUING, UH, SOME BONDS FOR THAT, UH, SYSTEM THAT THEY'RE PUTTING IN PLACE.
BUT THE D S D REVENUES WILL PAY FOR IT.
SO ALL OF THOSE REVENUES TOGETHER PLUS THE PROPERTY TAX, UM, PAYMENT, ALLOW US THEN TO PAY FOR OUR DEBT SERVICE.
UH, YOU SAID WE HAVE A LITTLE BIT OF A RESERVE.
WE TARGET ABOUT A 30, $35 MILLION, UH, FUND BALANCE WITHIN THIS PROGRAM.
AND THAT IS ONE OF THE THINGS WE USE TO HELP US MANAGE, UH, SOME OF THE UP AND UPS AND DOWNS AS IT RELATES TO THE ECONOMY.
HOW COULD THAT MONEY BE USED? CAN ONLY BE USED SINCE IT'S ASSESSED, UH,
[00:30:01]
AS PART OF THE INTEREST IN, UH, SINKING FUND TAX RATE.IT HAS TO BE USED TO SUPPORT DEBT SERVICE.
MENTIONED, UH, WE MENTIONED, UH, A MINUTE OR TWO AGO ABOUT, UM, FUNDING, SOME FUNDING THAT WE ARE GONNA BE, UH, REIMBURSING TO BROOKS.
UH, LEMME SEE IF I CAN FIND IT AGAIN HERE IN MY NOTES.
UH, IT WAS ON, UH, IT WAS ON THE LAST PAGE.
IT SAID THAT, UM, WE WERE GOING TO BE, UH, REIMBURSING BROOKS $6 MILLION FOR BUILDING RENOVATIONS.
WHAT BUILDINGS WERE THOSE THAT WERE RENOVATED? DO YOU UH, I DON'T RECALL THE SPECIFIC BUILDINGS, BUT IT WAS RELATED TO AN ECONOMIC DEVELOPMENT, UH, DEAL THAT WE DID THAT I WAS ALEX HERE, MAYBE SHE COULD HELP ME.
I, I GUESS IF WE HAD MADE ARRANGEMENTS WITH BROOKS AS PART OF AN ECONOMIC DEVELOPMENT DEAL TO PAY FOR CONSTRUCTION OR SOMETHING, I UNDERSTAND THAT.
I WAS JUST WONDERING, UH, WHY, YOU KNOW, BROOKS ISN'T USING THEIR OWN MONEY, BUT IF IT WAS PART OF A SPECIAL ECONOMIC DEVELOPMENT ARRANGEMENT WE HAD MADE, IT WAS PART OF AN ECONOMIC DEVELOPMENT AGREEMENT AND WE'RE USING THE TURS, WE'RE USING THE BROOKS TURS TO ACTUALLY REPAY FOR THE DEBT.
SO IT'S NOT, UH, OUT OF OUR NORMAL, UM, DEBT.
OUR, IT'S NOT OUR PROPERTY TAX DEBT CAPACITY.
IT'S ONE OF THOSE SITUATIONS WHERE WE'RE USING OUR, UM, ABILITY TO LOWER, TO ISSUE AT A LOWER COST, AND THEN WE'RE GONNA USE THE TOUR'S REVENUES TO PAY FOR THAT 6 MILLION.
IF THEY COULD HAVE, IF YOU COULD HAVE PUT THAT IN THERE, YOU KNOW, A LITTLE ANNOTATION.
UM, WE, WE TALKED ABOUT CONVENTION CENTER AND ALAMO DOME IMPROVEMENTS, UH, JUST COMING UP THIS NEXT YEAR.
WHAT ARE THE LONG TERM EXPECTATIONS FOR IMPROVEMENTS THAT WE'RE GONNA BE LOOKING AT AT THE CONVENTION CENTER AND THE ALAMO DOME? I THINK I'VE HEARD SOME FIGURES.
WHAT DO YOU THINK WE'RE LOOKING AT? WELL, I THINK COUNCILMAN, THAT'S PART OF WHAT THE WORK WE NEED TO DO, IS TO WORK THROUGH THAT.
UM, YOU SAW IN THE PROPOSED BUDGET, UM, ACTUALLY I THINK IT WAS IN THE T C I PRESENTATION YESTERDAY, UH, WE'RE WORKING ON THE ROOF REPLACEMENT AT THE CONVENTION CENTER.
UH, A BIG PORTION OF THAT WILL BE COVERED BY INSURANCE PROCEEDS.
UM, RETRACTABLE SEEDING OUT AT THE ALAMO DOME, UH, WAS ANOTHER LARGE, UH, C I P UM, MILLION, SO 21 AND A HALF MILLION DOLLARS IN, IN NEXT YEAR'S BUDGET.
BUT IN ADDITION TO THAT, WE ASKED THEM TO, UM, LOOK AT ALL OF THE, UH, MAJOR EQUIPMENT WITHIN THOSE BUILDINGS AND LOOK AT, UH, WHEN THOSE NEED TO BE REPLACED, WHEN WE NEED TO DO UPGRADES, ESCALATORS, ELEVATORS.
THAT'S THE PROGRAM THAT WE'RE BUILDING.
WE ALSO MADE SOME COMMITMENTS TO THE, UH, N C A A IN TERMS OF SOME IMPROVEMENTS THAT WE WOULD MAKE AT THE DOME.
SO THAT'S THE WHOLE PROGRAM THAT WE'RE GONNA PUT TOGETHER.
AND WHEN I SAY SPRING OF 2020, I DON'T THINK WE'RE GONNA ISSUE BY SPRING OF 2020.
I THINK WE'LL HAVE, UM, MANY MORE CONVERSATIONS WITH YOU ALL BETWEEN NOW AND THEN.
BUT, UM, CERTAINLY IN THE, IN THE SPRING WOULD GIVE YOU AN UPDATE IN TERMS OF WHAT THAT LOOKS LIKE.
SO WE WON'T BE DOING TOO MUCH OF THAT BONDED INDEBTEDNESS RIGHT NOW FOR THAT, THOSE LONGER TERM PROJECTS.
RIGHT? I DON'T THINK SO, BASED ON WHAT I'VE SEEN SO FAR.
BUT AGAIN, WE'RE GONNA, WE'RE GONNA WORK OUR WAY THROUGH AN UPDATED PROFORMA.
UM, SO WE'RE LOOKING AT THE WHOLE HOT PROFORMA.
I MENTIONED THAT WE'VE GOT ABOUT $544 MILLION IN BONDS OUTSTANDING CURRENTLY, UH, WE, WE RUN A HOT PROFORMA, UM, THAT GOES OUT 25 OR 30 YEARS.
WE'RE GONNA LOOK AT THE, THE NEEDS OF BOTH BUILDINGS, PRIORITIZE THE NEEDS OF BOTH BUILDINGS, UPDATE THAT PROFORMA, AND THEN WE'LL CERTAINLY COME BACK AND VISIT WITH YOU MORE ABOUT THAT.
I GUESS YOU SAID WE HAVE MAYBE 30, 35 MILLION IN RESERVES THAT WE CAN USE FOR EXTRA INDEBTEDNESS THAT MIGHT COME UP OR SOMETHING LIKE THAT.
BASED, BASED ON WHAT WE, WHAT WE PLAN ON BRINGING IN 232 MILLION AND MAYBE ANOTHER 30 TO 35 MILLION THAT WE MAY BE HOLDING IN RESERVE FROM PRIOR YEARS.
WHAT DOES THAT GIVE US IN TOTAL BOND CAPACITY, UH, FOR NEXT YEAR? SHOULD WE NEED TO SPEND THAT MUCH? UH, COULD WE BORROW A BILLION ON THAT OR 500 MILLION ON THAT? UH, YOU KNOW, KNOWING THAT WE HAVE TO PAY DEBT SERVICE AND THINGS LIKE THAT.
I'M JUST WONDERING WHAT'S OUR TOTAL BONDED DEBT CAPACITY WITH WHAT WE'VE GOT AVAILABLE? SO THIS PICTURE IS THE UPDATED PROPERTY TAX DEBT PLAN.
SO THE CONVENTION CENTER ALAMO DO, WILL BE DONE SEPARATELY OUT OF THE HOT PRO FORMA.
SO WE'RE USING ONLY HOT REVENUES TO PAY FOR THAT.
BUT WHEN YOU TALK ABOUT OUR PROPERTY TAX DEBT CAPACITY, THIS IS WHAT OUR CAPACITY LOOKS LIKE RIGHT NOW.
THE, UM, CAPACITY WITHIN THE BOND PROGRAM FOR 2020 HAS BEEN ALLOCATED AS PART OF THE CAPITAL IMPROVEMENT PROGRAM.
SO WHEN WE GO THROUGH THIS AGAIN NEXT YEAR, WE WILL UPDATE IT AND THEN WE WILL SEE IF THAT, UH, FREES UP ADDITIONAL CAPACITY, UM, THAT YOU COULD THEN USE FOR ADDITIONAL PROJECTS.
[00:35:01]
SEE THOSE BIG BOND PROGRAMS IN 22 AND 27.WE'RE BUILDING IN BOND AUTHORIZATIONS EVERY FIVE YEARS SO THAT YOU ALL, AS A COUNCIL OR GOVERNING BODY, HAVE THE OPTION TO GO OUT TO VOTERS AND ASK FOR A A A BOND PROGRAM.
UM, THAT'LL GET SIZED MORE PRECISELY AS WE GET CLOSE TO IT, BUT OUR GOAL HAS BEEN, TRY TO, TRY TO INCREASE THAT A LITTLE BIT.
UM, RIGHT NOW IT'S SITTING AT 950 MILLION FOR 2022, BUT THIS CAPACITY, BUT THIS CAPACITY NUMBER CHANGES AT LEAST ONCE A YEAR, SOMETIMES MORE THAN ONCE A YEAR, DEPENDING UPON IF WE'RE DOING FINANCINGS OR NOT.
I KNOW YOU MENTIONED THAT, UM, FOR FROST TOWER RENOVATIONS, A LOT OF THAT IS GONNA BE BREAKEVEN TO THE CITY.
WHAT IS THE LATEST ESTIMATE ON THAT COST? NOW, REMEMBER THE, THE FROST TOWER RENOVATIONS? COUNCILMAN, WE, WHEN WE DO THE ADMINISTRATION OF THE CITY, THAT, UM, BUDGET WORK SESSION, WE ARE GONNA GO OVER THAT PARTICULAR PROJECT.
I DON'T HAVE THE NUMBER WITH ME TO ANSWER YOUR QUESTION, BUT WE, WE HAVE A SESSION DEDICATED TO BE ABLE TO GO OVER THE CITY TOWER PROJECT, THE, THE COST ASSOCIATED WITH RUNNING THE OPERATING COST, AND ALSO THE DEBT SERVICE AS WELL.
SO I'LL HAVE TO WAIT TILL THAT MEETING TO FIND OUT.
I, I DON'T HAVE THE NUMBERS WITH ME EITHER.
IN TERMS OF A BREAKDOWN, UH, ON DETAIL, I'LL TELL YOU THAT WE HAVE 40, $47 MILLION THAT'S IN THAT SELF-SUPPORTING CATEGORY.
THE 47 MILLION WAS WHAT WE ISSUED TO, UM, TO ACTUALLY ACQUIRE THE BUILDING FROM FROSTS.
UM, THAT IS COMING DUE IN FEBRUARY.
WE'RE GONNA BE TALKING TO THE BANK ABOUT PROBABLY LIKE A SIX MONTH EXTENSION.
WE'D LIKE TO DO ONE FINANCING WHERE WE REFINANCED THE $47 MILLION THAT WE, UH, ISSUED TO BUY THE BUILDING PLUS FUND OUR RENOVATIONS FOR THE BUILDING.
I'M JUST TRYING TO SEE IF WE'RE RUNNING HIGHER THAN A FIGURE.
I THINK I RECALL OF LIKE $71 MILLION FOR RENOVATING.
I, I NEED TO GO BACK AND LOOK.
COUNCILMAN, I, I DON'T RECALL OFF THE TOP OF MY HEAD.
BUT I CAN CERTAINLY GET THAT INFORMATION FOR YOU.
WELL, IF I GET THAT INFORMATION, I APPRECIATE IT.
MAYOR, THAT ENDS THE QUESTIONS I HAVE.
DO HAVE A COUPLE OF QUESTIONS FOR YOU HERE.
UM, YOU HAVE, UH, ON SLIDE NUMBER SIX, OUR TOTAL OUTSTANDING DEBT IS 3.1 BILLION.
AND, UH, THE, BUT ON SLIDE NUMBER 10, YOU SHOW 1.88 OUTSTANDING DEBT.
WHAT, WHERE'S THE, EXPLAIN THAT DIFFERENCE? SURE.
SO THE, ON SLIDE NUMBER SIX, THAT IS OUR TOTAL OUTSTANDING DEBT, WHICH IS SUMMARIZED ON SLIDE SEVEN.
SO THAT'S ALL OF OUR OUTSTANDING DEBT, WHICH INCLUDES PROPERTY TAX REPORTED DEBT, THAT FIRST LINE OF ABOUT 2 BILLION.
AND THEN YOU HAVE ALL OF OUR OTHER ISSUANCES AIRPORT, UM, ALL OF THEM LISTED THERE FOR A TOTAL OF 3.1.
WHEN WE LOOK AT OUR LEGAL LIMIT, THAT ONLY APPLIES TO THE PROPERTY TAX SUPPORTED DEBT OF $2 BILLION.
IT'S 1.8 BILLION ON SLIDE 10 BECAUSE WE ADJUST FOR ANY SELF-SUPPORTING DEBT THAT WE HAVE.
SO IF WE'RE ISSUING BONDS, UH, THAT HAVE A PROPERTY TAX PLEDGE ON IT, BUT WE'RE USING OTHER REVENUES TO PAY FOR IT, PARKING REVENUES OR, OR WHATEVER THAT MIGHT LOOK LIKE, THEN WE BACK IT OUT OF THAT TOTAL.
AND WE COMPARE THAT FOR OUR LEGAL LIMIT PER PURPOSE.
SO I, I, NOW I UNDERSTAND THAT IT'S JUST THAT THE, UM, YOU KNOW, PERCEPTION BETWEEN THOSE TWO, TWO SLIDES ARE, YOU KNOW, WE'RE REALLY, WE HAVE MORE THAN $1.8 BILLION WORTH OF DEBT.
THAT'S TOTALED UP ON SIX AND SEVEN, BUT YOU'RE THE, WHAT YOU ACTUALLY COMPARED TO THE LEGAL DEBT LIMIT IS A DIFFERENT NUMBER RIGHT.
UM, AND I REALLY LIKE THE SLIDE SHOWING, UH, THE COMPARISONS TO OTHER CITIES.
IN FACT, THAT WAS A NOTE I PUT DOWN RIGHT NOW IT'S BENCHMARKING AGAINST OTHER CITIES AND, AND WE'RE, WE'RE DOWN ON THE LOWER END, WHICH IS GREAT, BUT WHAT, UM, HAVE WE EVER CALLED ARLINGTON OR FORT WORTH AND FOUND OUT HOW ARE THEY GETTING, HOW ARE THEY DOING IT BETTER THAN US? I MEAN, THAT'S WHAT BENCHMARKING IS ALL ABOUT, IS TRYING TO LEARN BEST PRACTICES, THAT KIND OF THING.
YOU KNOW, I WILL TELL YOU THAT I THINK, UM, NO, TO ANSWER YOUR QUESTION, NO, I HAVE NOT.
I THINK ONE OF THE CHALLENGES WHEN YOU START TO DO THESE COMPARISONS IS I THINK EVERY COMMUNITY IN SOME RESPECTS IS A LITTLE BIT UNIQUE, RIGHT? SURE.
OUR, OUR, OUR TAXABLE ASSESSED VALUATIONS LOOK DIFFERENT.
OUR TAX RATES LOOK DIFFERENT AND OUR NEEDS LOOK DIFFERENT.
SO AT THE END OF THE DAY, WHAT WE TRY TO DO IS JUST MAKE SURE WE'RE, UH, DEVELOPING A PROGRAM THAT IS FISCALLY DISCIPLINED, THAT'S PRUDENT AND MAKES SENSE FOR US.
UM, I THINK BY VIRTUE OF OUR VERY STRONG BOND RATINGS, UM, I THINK WE'VE DONE A GOOD JOB OF THAT ON THE PROPERTY TAX SIDE.
BUT I WOULD SAY THAT THE, THE, THE COMPARISON WHEN YOU START
[00:40:01]
LOOKING AT DEBT GETS KIND OF TOUGH.UM, A FEW YEARS AGO, THE COMPTROLLER, PREVIOUS COMPTROLLER TRIED TO DO THAT WITH TOTAL DEBT, NOT JUST PROPERTY TAX REPORTED DEBT.
AND, AND IT WAS REALLY CONFUSING.
AND I'LL GIVE YOU EXAMPLES OF THAT.
YOU REALLY CAN'T COMPARE OUR AIRPORT DEBT OR OUR FUNCTION OF OUR TOTAL DEBT.
OUR AIRPORT VERSUS D F W D F W HAS A LOT MORE DEBT OUTSTANDING THAN WE WOULD.
THAT DOESN'T MEAN THEY'RE WORSE THAN WE ARE.
DOESN'T MEAN WE'RE BETTER THAN THEY ARE.
IT JUST MEANS THEY'RE DIFFERENT.
THEY'RE A HUB, THEY'VE GOT MANY, THEY'VE GOT A HUGE CAPITAL PROGRAM.
SOME OF THE OTHER CITIES DON'T.
SO ANYTIME YOU GET INTO THE COMPARISONS, IT GETS A LITTLE BIT MORE CHALLENGING.
AND I TOTALLY UNDERSTAND THAT.
BUT I, YOU KNOW, I WOULD STILL THINK THAT SOMEONE MIGHT GIVE THEM CALLS, SEE IF THEY HAVE ANY UNIQUE, UH, WAYS OF ACCOUNTING OR, OR, UH, HOW YOU, HOW YOU PUT THESE NUMBERS TOGETHER OR, YOU KNOW, THE TAXING THE, YOU KNOW, WHAT, WHAT ARE THEY DOING THAT PUTS 'EM AHEAD OF US IN THAT.
SO JUST A RECOMMENDATION ON THAT.
UM, ON, UH, PAGE 15, YOU'RE, UH, I'M CURIOUS AGAIN, WHY DO YOU HAVE THAT IN 2022 AND 2027? SO ONE OF THE THINGS THAT WE DO WHEN WE'RE DEVELOPING THE BOND PROGRAM IS WE ARE MANAGING TO THE TAX RATE OF 21 CENTS, BUT WE'RE ALSO MAKING SURE THAT, UM, WE CAN HAVE A SUSTAINED CAPITAL INVESTMENT.
SO WE'RE NOT PUTTING OURSELVES IN A POSITION WHERE WE ALL OF A SUDDEN HAVE A VERY LARGE BOND PROGRAM, BUT THEN YOU CAN'T DO ANYTHING FOR 10, 15, 20 YEARS BECAUSE I'VE LEVERAGED ALL OF THE CAPACITY, WHICH IS PROBABLY NOT A FISCALLY PRUDENT THING TO DO EITHER.
THIS REALLY PUTS YOU IN A POSITION WHERE WE'VE SAID FROM A POLICY PERSPECTIVE, WE'RE GONNA TRY TO, UH, BUILD IN BOND PROGRAMS EVERY FIVE YEARS SO WE CAN MAINTAIN THAT SUSTAINED CAPITAL INVESTMENT IN THE COMMUNITY, PARTICULARLY AS NEEDS CHANGE.
UM, IT CERTAINLY DOESN'T OBLIGATE YOU TO DO ANYTHING IN 2022, BUT IT'S YOUR OPTION AS A GOVERNING BODY THAT, UM, YOU WOULD HAVE THE ABILITY TO CALL ELECTION IN MAY OF 2022.
AND AGAIN, WE'LL BE SIZING THAT AS WE GET CLOSER, IF THAT'S SOMETHING YOU ALL WANT TO PURSUE.
WELL, AND AND THAT GOES TO MY POINT ON, UH, SLIDE NUMBER 10 WHERE YOU'RE SHOWING 1.8 BILLION COMPARED TO THE LEGAL LIMIT OF 13.8 BILLION.
JUST BECAUSE WE HAVE, WE CAN GO UP HIGHER, DOESN'T MEAN THAT WE SHOULD.
AND, UM, EVEN THOSE OUT YEAR BOND PROGRAMS YEP.
BUT THAT DOESN'T NECESSARILY MEAN WE HAVE TO DO THAT.
UH, WE NEED TO KEEP THAT IN MIND WHEN WE'RE LOOKING AT, UH, THOSE PROPERTY TAX RATES.
YOU KNOW, THE, HOW MUCH WE'RE ACTUALLY CHARGING FOLKS TO LIVE HERE IN SAN ANTONIO MM-HMM.
HECK, YOU KNOW, AFFORDABLE HOUSING, EVERYTHING ASSOCIATED WITH THAT.
SO JUST BECAUSE IT'S UP THERE, LET'S NOT, LET'S KEEP IT DOWN LOW HERE FOR OUR RESIDENTS IN SAN ANTONIO.
SO I APPRECIATE WHAT YOU'RE SHOWING THERE.
BUT, YOU KNOW, UM, I DON'T WANT TO PUT ANYTHING OUT THERE THAT SAYS, YEAH, WE'RE, WE'RE ALREADY PLANNING OVER A BILLION DOLLARS IN 2022.
I, TO ME, THAT'S, THAT'S PUTTING SOMETHING OUT THERE THAT WE, NOTHING IS COALESCED AT THIS POINT IN TIME, EVEN THOUGH IT'S WHAT OUR CAPACITY IS.
BUT THIS COULD, THIS COULD START WORRYING FOLKS, HEY, WE'RE, HEY, WE'RE TAKING ON MORE DEBT.
YOU KNOW, THIS IS MORE THAN WHAT WE CAN AFFORD YOU.
YOU UNDERSTAND WHAT I'M SAYING? YEAH.
LEMME LET ME CLARIFY A COUPLE OF THINGS JUST TO MAKE SURE THEY'RE CLEAR.
SO WHEN WE TALK ABOUT, UM, SLIDE 10, I SHOWED YOU THE LEGAL LIMITS.
'CAUSE THOSE OFTEN COME UP, YOU KNOW, WHAT CAN YOU LEGALLY DO AS AN ENTITY? WE'RE NOWHERE NEAR THOSE.
WE'RE AT 15% OF OUR, UM, LEGAL CAPACITY FROM AN ASSESSED VALUATION PERSPECTIVE.
WE'RE AT 21 CENTS ON A TAX RATE.
WE'RE NOWHERE NEAR EITHER OF THOSE.
SO REALLY OUR CONSTRAINTS ARE A FISCAL ONE.
AND WHAT IS OUR FISCAL CAPACITY? AND WHAT I'VE SHOWN YOU ON SLIDE 15 IS A PROGRAM THAT'S BUILT AROUND THAT 21 CENT TAX RATE.
SO I'M NOT MAKING ANY ASSUMPTION ABOUT THAT GOING UP.
IT'S A STRONG PROGRAM THAT I BELIEVE HAS THE SAME FUNDAMENTAL ASSUMPTIONS THAT ALLOWED US TO ACHIEVE AAA RATING AND HAVE ALLOWED US TO MAINTAIN AAA RATING.
SO WE'RE NOT DOING ANYTHING OUT HERE THAT, WHAT'S THE RIGHT WORD, IN MY OPINION, OVER LEVERAGES THE CITY OR PUTS THE CITY IN A BAD POSITION.
BUT TO YOUR POINT THAT THIS AFTER 2017, WHAT YOU SEE IN 22 AND 27 IS CLEARLY A POLICY ISSUE FOR YOU ALL.
I'M JUST SHOWING YOU CAPACITY THAT
[00:45:01]
COULD POTENTIALLY BE THERE.AND, AND I WOULD CAUTION ON YOU ALSO ON 22 IS THAT AS WE GET TO THE SUMMER OF 2021, THAT IS WHEN WE WILL START SHARING WITH, UH, UH, THE COUNCIL WHAT WE THINK THE SIZING FOR 2022 COULD LOOK LIKE.
AND THEN AT THAT POINT, IT'S A POLICY ISSUE FOR YOU ALL IN TERMS OF DO YOU WANT TO MOVE FORWARD WITH THAT CAPACITY? DO YOU WANNA DO SOMETHING DIFFERENT, SOMETHING LESS? UM, YOU KNOW, THOSE ARE CERTAINLY ALL OF THE OPTIONS THAT YOU HAVE AVAILABLE TO YOU.
AND, AND, AND MAYBE JUST FOR, YOU KNOW, ANYBODY FLIPPING THROUGH THESE SLIDES OUT THERE IN THE COMMUNITY, JUST AN ASTERISK ON THOSE SAYING POTENTIAL, YOU KNOW, THAT THIS IS, UH, POTENTIAL FUNDING FOR BONDS IF NEEDED.
ON SLIDE 16, I ALSO HAD SOME QUESTIONS ABOUT THAT.
UM, YOU KNOW, WE JUST, HOW MUCH DID WE JUST STICK INTO THE DOME? DIDN'T WE JUST COMPLETE A PROJECT OVER THERE, 60 MILLION OR SOMETHING LIKE THAT? IT WAS AROUND 45 MILLION, SOMETHING LIKE THAT.
IT WAS AROUND, THAT WAS AROUND 45.
BUT IT WAS, UH, TO EXPAND THE CONCOURSE, RIGHT? YES.
AND THAT WAS SELF-SUPPORTING AS WELL.
WE USED, UM, PARKING, PARKING REVENUES, AND ONE OTHER SOURCE FROM THE DOME IN ORDER TO RETIRE THAT DEBT.
SO WE'RE NOT USING PROPERTY ACCESS TO DO THAT.
WE RAISED THE PARKING FEE OVER THERE AGAIN, AND TICKET PRICES.
BUT, UH, I, I GUESS I WOULD REALLY LIKE TO SEE, OKAY, WHAT ARE THESE FUTURE OPPORTUNITIES? AND THEY'RE NOT THAT FUTURE.
YOU'RE TALKING ABOUT THIS NEXT, UH, SPRING THAT'S NOT THAT FAR AWAY.
I'D LIKE TO SEE WHAT WE'RE PLANNING ON THE CONVENTION CENTER, WHICH IS RELATIVELY NEW, THE ALAMO DOME.
WE JUST FINISHED THAT BIG PROJECT OVER THERE.
AND THEN, UM, YEAH, SOMEBODY COME IN AND EXPLAIN TO ME WHAT THESE PROJECTS ARE THAT WE'RE LOOKING AT IN THE SPRING.
YOU MADE A COMMENT THAT THIS IS GONNA BE A COST NEUTRAL PROJECT.
WELL, HERE, A FEW YEARS AGO WHEN THIS FIRST FIRST WAS, UH, PITCHED, WE WERE GONNA BE SAVING A LITTLE OVER A MILLION DOLLARS OUT OF THAT, AND WE'RE $1.2 MILLION TO THE CITY BUDGET OVER 30 YEARS.
WHERE DID THAT 1.2 MILLION GO? UM, COUNCILMAN COUNCILMAN THAT, THAT PROFORMA, WE CONTINUE TO UPDATE.
IT'S PROBABLY FLUCTUATED ANY, ANYWHERE FROM 1.2 MILLION POSITIVE TO AROUND $3 MILLION POSITIVE.
BUT WHEN WE'RE RUNNING THE 30 YEAR PRO FORMA, EVERY TIME WE CHANGE A LITTLE ASSUMPTION THAT KIND OF COMPOUNDS OVER THAT 30 YEAR PERIOD.
UM, WE'LL GIVE YOU AN UPDATE AS PART OF THAT, UH, BUDGET WORK SESSION.
UH, WHEN I SAID COST NEUTRAL, OUR COMMITMENT HAS BEEN TO MAKE SURE THAT IT'S, IT IS A MINIMUM LEASE COST NEUTRAL.
UM, IT COULD ACTUALLY BE A LITTLE BIT BETTER THAN THAT.
BUT, UM, WE'RE RUNNING THOSE UPDATES NOW, AND OUR INTENT IS TO ENSURE THAT, UM, THAT PROJECT PAYS FOR ITSELF.
WELL, I, YOU KNOW, AGAIN, THIS WAS SOLD TO THE COUNCIL AS A MONEY SAVING PROJECT, AND, UM, I WOULD HOPE THAT WE STAY TRUE TO THAT ON THIS PROJECT, THAT IT IS GONNA SAVE THE CITY MONEY AND, UH, BETTER THAN COST NEUTRAL, BECAUSE THAT'S, THAT'S HOW IT WAS SOLD AT THE VERY BEGINNING.
SO I'D SURE LIKE TO SEE THAT UPDATE.
WE COULD SHOW YOU THAT UPDATE.
AND I GUESS FROM A COST NEUTRAL PERSPECTIVE AND MAKE SURE, SURE.
ON THAT 1.2 MILLION, THAT WAS 1.2 MILLION CUMULATIVE OVER 30 YEARS.
SO WE'RE TALKING ABOUT A VERY SMALL I, I, I UNDERSTAND THAT.
UH, AND THEN THE LAST NOTE ON THAT ONE, CERTIFICATES OF OBLIGATION.
I'VE BEEN VERY CRITICAL OF THAT BECAUSE ONE OF THE THINGS THAT, UM, I'M CONCERNED ABOUT IS, YOU KNOW, HEY, VOTERS DON'T HAVE TO APPROVE THAT.
AND WE HAVE SPENT SOME LARGE AMOUNTS OF MONEY ON CERTIFICATES OF OBLIGATION.
AND, AND I WOULD, I'M GONNA CONTINUE TO BE VERY CRITICAL ON THOSE VERY LARGE PROJECTS THAT WE'RE AUTHORIZING OUTSIDE OF BONDS.
IT DOES NOT GIVE THE, UH, OUR VOTERS AN OPPORTUNITY TO LOOK AT THAT AND VOTE ON IT.
AND, YOU KNOW, ONE OF 'EM WAS THE, THE BIG CITY HALL RENOVATION AND THE FROST TOWER AND ALL THAT STUFF COMBINED TOGETHER ON, ON, UH, OVER, OVER $40 MILLION FOR THAT.
SO, UM, I JUST HOPE THAT WE CONTINUE TO USE CAUTION ON USING CERTIFICATES OF OBLIGATION IN THE FUTURE.
AND IF I COULD JUST SUMMARIZE FOR YOU, IN 2017, UM, IN TERMS OF HOW WE TYPICALLY FUND CFOS, I THINK IF YOU LOOK AT THE 2017 BLOCK, THERE'S $313 MILLION LISTED THERE.
UM, THAT INCLUDES OUR INFRASTRUCTURE MANAGEMENT PLAN, HELPING US ACHIEVE THE $110 MILLION, UM, UM, UH, PROGRAM THAT WE'VE PUT IN PLACE.
BUT OTHER STREET PROJECTS THAT HAVE COME UP, UH, DURING THE BUDGET PROCESSES, THE LAST SEVERAL YEARS
[00:50:01]
WE'VE ADDED FUNDING THERE.ANOTHER, UM, ROUGHLY 18% IS OUR PUBLIC SAFETY RADIO SYSTEM.
AND SOME OF THAT FUNDING HAPPENED AS PART OF THE 20, WHAT'S LISTED IN THE 2012 PROGRAM, BUT ALSO FOR OUR PUBLIC SAFETY PROGRAM.
AND THEN YOU MENTIONED THE OTHER LARGE ONE IN THERE IS THAT 38 MILLION, AND THAT'S ABOUT 12% IS CITY HALL.
BUT WHEN YOU LOOK AT STREETS AND JUST THE RADIO SYSTEM, PUBLIC SAFETY RADIO SYSTEM, WE'RE TALKING ABOUT, OH, PROBABLY 12, 6 70 2% OF THAT NUMBER.
SO WE'RE DOING PRETTY BASIC INFRASTRUCTURE TYPE PROJECTS WITH THOSE, AND IT DOES GIVE YOU SOME FLEXIBILITY IN BETWEEN THE BOND PROGRAMS SURE.
TO, UH, TO ACHIEVE THOSE PROJECTS.
COUNCIL MEMBER PERRY, UH, THANK YOU BEN, FOR THE PRESENTATION.
UM, FOR THE BENEFIT OF THE FOLKS IN THE AUDIENCE AND FOR MY COLLEAGUES AS WELL.
WE HAVE THREE DEPARTMENTS TO GET THROUGH TODAY, AS WELL AS COUNCIL QUESTIONS.
ARE WE GOING TO, WE ARE GOING TO ADJOURN THIS MEETING AT 4 45.
THAT'S AN HOUR AND 45 MINUTES FROM NOW, BECAUSE WE HAVE SOME IMPORTANT ITEMS IN EXEC TO GET THROUGH.
SO, UM, FOR OUR DEPARTMENTS, WE'RE GONNA GO THROUGH EACH OF THE PRESENTATIONS, BE MINDFUL OF THE PACING, AND FOR MY COLLEAGUES, MAKE SURE, UH, TO GET TO THE POINT OF YOUR QUESTIONS, UM, ASK THE MOST RELEVANT ONES.
ANYTHING ELSE CAN BE, UH, IN AN INDIVIDUAL BRIEFING.
BUT BE MINDFUL OF THE FACT THAT WE HAVE 10 COLLEAGUES HERE THAT WANT TO ASK QUESTIONS, AND WE WANT TO GET THROUGH IT ALL BEFORE 4 45 WHEN WE BREAK FOR EXEC.
UH, WE'LL START OFF WITH DOUG.
HE'LL COVER THE OFFICE SUSTAINABILITY.
SECOND UP WILL BE ALEX AND THE ECONOMIC DEVELOPMENT DEPARTMENT.
AND THEN, UH, JOHN JACKS WILL BE REP WILL BE PRESENTING THE, UH, CENTER CITY DEVELOPMENT OFFICE.
UH, GOOD AFTERNOON, MAYOR COUNCIL.
THANK YOU FOR THIS OPPORTUNITY TO PRESENT THE F Y 2020 OFFICE OF SUSTAINABILITY, UM, BUDGET.
THE OFFICE OF SUSTAINABILITY'S MISSION IS ENHANCING THE ENVIRONMENT, QUALITY OF LIFE, ECONOMIC VITALITY OF OUR COMMUNITY THROUGH INNOVATIVE PROGRAMS AND POLICIES FOR ALL RESIDENTS, AS WELL AS FUTURE GENERATIONS.
UM, IT'S A VERY ASPIRATIONAL, UM, BUT IT'S A MISSION THAT WE DON'T TAKE LIGHTLY.
UH, AND IT REQUIRES US TO BE INNOVATIVE AND COLLABORATIVE.
AND WE AS A DEPARTMENT ARE DRIVEN BY A PASSION TO MAKE SAN ANTONIO AND THIS WORLD A BETTER PLACE.
OUR PROPOSED F Y 2020 BUDGET IS $2.7 MILLION.
AS YOU CAN SEE, 1.4 MILLION COMES FROM THE ENERGY EFFICIENCY FUND AND 1.3 MILLION FROM THE SOLID WASTE FUND.
WE HAVE A TOTAL, UH, STAFF OF NINE INDIVIDUALS.
THE OFFICE OF SUSTAINABILITY ACCOMPLISHES OUR MISSION THROUGH FOUR FOCUS AREAS.
ENERGY MANAGEMENT FOCUSES ON REDUCING ENERGY CONSUMPTION IN CITY OWNED FACILITIES.
MUNICIPAL SUSTAINABILITY FOCUSES ON OVERALL CITY OF SAN ANTONIO INTERNAL SUSTAINABILITY IN AREAS SUCH AS GREEN PURCHASING, WASTE REDUCTION, AND FLEET EFFICIENCY.
SUSTAINABLE TRANSPORTATION WORKS ON IMPROVING EFFICIENCIES IN OUR TRANSPORTATION SECTOR.
AND COMMUNITY SUSTAINABILITY FOCUSES ON IMPROVING OUR COMMUNITY'S OVERALL SUSTAINABILITY AND RESILIENCE.
AND YOU CAN SEE THAT SOME OF OUR CURRENT POLICY PRIORITIES ARE IN THE AREAS OF IMPLEMENTING THE SA TOMORROW SUSTAINABILITY PLAN, DEVELOPING THE CLIMATE ACTION AND ADAPTATION PLAN, ELECTRICAL VEHICLE PLANNING, AND OVERSEEING OUR ENERGY EFFICIENCY FUND.
OUR BIG FOCUS THIS PAST YEAR HAS BEEN THE SA, CLIMATE READY CLIMATE ACTION AND ADAPTATION PLAN.
UH, AS I WILL BE BRIEFING YOU ALL TOMORROW MORNING AT 9:00 AM I WON'T GO INTO, UH, A LOT OF DETAIL, UM, ON THIS SLIDE.
UH, I THINK THE, THE BIG THING JUST TO POINT OUT IS WE WILL BE, UM, PROPOSING, UH, RECOMMENDED COUNCIL CONSIDERATION OF THE THE UPDATED DRAFT PLAN IN OCTOBER, UM, OCTOBER 17TH OF THIS YEAR.
AS MENTIONED EARLIER, ONE OF OUR KEY SERVICE AREAS IS IN, UM, IN ENERGY MANAGEMENT.
THE ENERGY EFFICIENCY FUND WAS ESTABLISHED IN 2011, UH, TO FOCUS ON PROJECTS TO REDUCE ENERGY CONSUMPTION IN CITY FACILITIES TO DATE, WE HAVE ACCOMPLISHED, UM, AND COMPLETED 409 ENERGY PROJECTS IN 187 MUNICIPAL FACILITIES, REDUCING ELECTRIC CONSUMPTION IN THOSE FACILITIES BY A TOTAL OF 16% AND PROVIDING $1.5 MILLION IN TOTAL AVOIDED COSTS.
AND THOSE ARE COSTS THAT WE WOULD'VE, UM, EXPERIENCED IF THE PROJECTS HAD NOT BEEN COMPLETED.
PROJECT TYPES, UM, ARE VARIOUS, AND THEY INCLUDE INTERIOR AND EXTERIOR, EXTERIOR LIGHTING RETROFITS, AS WELL AS HVAC EQUIPMENTS AND CONTROL REPLACEMENTS AND UPGRADES.
THE OTHER MAJOR PROJECT, THE OTHER MAJOR PROJECT THAT WE'VE BEEN WORKING ON IS THE AMERICAN CITY'S CLIMATE CHALLENGE, WHICH CITY COUNCIL AUTHORIZED THIS PAST JUNE.
[00:55:01]
PHILANTHROPIES INITIATIVE THAT AIMS TO ACCELERATE AND DEEPEN EFFORTS IN 25 CITIES ACROSS THE UNITED STATES, UM, TO CREATE THE GREATEST CLIMATE AND HEALTH IMPACTS THROUGH 2020 AND SHOW PACE THESE BENEFITS.AND AT THE END OF THE DAY, THIS IS REALLY ABOUT HIGHLIGHTING NOT JUST HEALTH, BUT GOOD JOBS, UM, AND COST SAVINGS.
OUR AREAS OF FOCUS ARE IN REDUCING EMISSIONS IN OUR BUILDING AND TRANSPORTATION SECTORS, WHICH TOGETHER COMBINE TO, UH, COVER 85% OF OUR OVERALL COMMUNITY'S EMISSIONS IN LOOKING AT VARIOUS PO POTENTIAL POLICIES SUCH AS PACE PROPERTY, ASSESS, CLEAN ENERGY BUILDING, ENERGY BENCHMARKING PROGRAMS, AS WELL AS IMPROVING PUBLIC TRANSIT.
ANOTHER PRIORITY THIS YEAR, ANOTHER PRIORITY THIS YEAR HAS BEEN A FOCUS ON TRANSPORTATION ELECTRIFICATION AND F Y 19.
WE WERE ALLOCATED $150,000 TO DEVELOP AN ELECTRIC VEHICLE AND CITYWIDE CHARGING STATION ANALYSIS WITH THE GOAL OF DEVELOPING A ROADMAP TO ADVANCE ZERO EMISSION VEHICLES, IMPROVE AIR QUALITY AND REDUCE CARBON EMISSIONS.
THIS ANALYSIS INCLUDES, THIS ANALYSIS INCLUDES AN ASSESSMENT OF THE CITY'S OWN MUNICIPAL PASSENGER AND LIGHT DUTY FLEET TO IDENTIFY VEHICLES THAT WOULD BE POTENTIALLY, UM, APPROPRIATE FOR REPLACEMENT WITH ELECTRIC VEHICLES, AND INCLUDES AN ECONOMIC ASSESSMENT OF WHAT THOSE REPLACEMENTS WOULD ENTAIL, CITYWIDE, UH, A CITYWIDE ELECTRIC VEHICLE CHARGING STATION ANALYSIS.
UH, LOOKING AT WHERE ARE THE BEST PLACES THAT WE SHOULD REALLY BE LOOKING AT, UH, IN INSTALLING ADDITIONAL CHARGING STATIONS.
AND THAT IS A, A PROCESS THAT WE ARE WORKING WITH C P S ENERGY ON AND AN ASSESSMENT OF COMMUNITY BARRIERS TO ELECTRIC VEHICLE, UH, ADOPTION.
AND THAT REALLY AT THE END OF THE DAY LOOKS AT, UM, AFFORDABILITY, AFFORDABILITY, EQUITY ISSUES.
THIS, UH, WE, WE DEFINITELY KNOW THAT THERE'S BARRIERS IN TERMS OF, UH, THE COST OF VEHICLES.
WE WANNA REALLY UNDERSTAND, UM, HOW DO WE OVERCOME THOSE? AND WE ALSO WANNA HAVE CONVERSATIONS WITH, UM, BASICALLY INDUSTRY EXPERTS, UH, AUTO DEALERS.
UM, WHAT ARE THE BARRIERS TO GETTING MORE VEHICLES ON, ON THE ROADWAY? THE STUDY IS PROJECTED TO BE COMPLETED THIS FALL, AND WE WILL PRESENT THE RESULTS TO THE COMMUNITY HEALTH AND EQUITY COMMITTEE, UM, TO FIND OUT WHAT OUR NEXT STEPS, UM, SHOULD BE.
EQUITY HAS BEEN A, EQUITY HAS BEEN A BIG FOCUS AND PRIORITY FOR THE OFFICE OF SUSTAINABILITY FOR MANY YEARS, AND IT, IT REALLY STARTED WITH THE, UH, DEVELOPMENT AND ADOPTION OF THE SA TOMORROW SUSTAINABILITY PLAN, WHERE, UM, WE HIGHLIGHTED EQUITY AS A KEY CROSS-CUTTING THEME.
AND, AND BASICALLY THAT MEANT THAT ALL THE STRATEGIES IN THERE WERE, UM, IDENTIFIED AT TO SEE IF THERE WERE THOSE THAT HAD SPECIFICALLY EQUITY IMPLICATIONS.
AND F Y 19, WE ENSURED THAT EQUITY WAS A FOUNDATION OF THE SA CLIMATE READY PLAN.
UH, WE ESTABLISHED A CLIMATE EQUITY WORKING GROUP, UM, UH, CONSISTING OF, OF SOCIAL JUSTICE AND ENVIRONMENTAL EQUITY PROFESSIONALS WHO HELP ADVISE US IN THE DEVELOPMENT OF THE PLAN AND HELP US DEVELOP EQUITY DEFINITION, CLIMATE EQUITY DEFINITION, AS WELL AS TOOLS THAT WE CAN USE AS WE IMPLEMENT THE PLAN TO MAKE SURE THAT WE ARE ASKING THE RIGHT QUESTIONS, AND, UM, MAKING SURE THAT WE ARE AVERTING ANY UNFORESEEABLE, UM, UH, NEGATIVE IMPACTS.
UM, THROUGH PLAN IMPLEMENTATION, WE ALSO WERE ABLE TO HAVE A, UH, A CLIMATE EQUITY FELLOW WHO WORKED WITH US FOR A FEW MONTHS WHO TARGETED, UH, SPECIFIC ENGAGEMENT IN OUR MOST, UM, VULNERABLE AND MAR MARGINAL MARGINALIZED COMMUNITIES IN F Y 2020.
WE'RE GOING TO CONTINUE THIS WORK, UM, BY WORKING WITH THE OFFICE OF EQUITY TO IDENTIFY KEY EQUITY INDICATORS AND SUPPORTING DESEGREGATED DATA, UM, AND ESTABLISH A CLIMATE CLIMATE EQUITY COMMITTEE TO ASSIST WITH IMPLEMENTATION OF THE SA CLIMATE.
READY AND SA TOMORROW PLANS KEY TO SUCCESS.
KEY TO SUCCESS FOR OUR COMMUNITY FACING SUSTAINABILITY PROGRAMS IS TO ENSURE THAT AS WE, THAT WE AS AN ORGANIZATION ARE LEADING BY EXAMPLES.
UM, EXAMPLE, I'VE HEARD THIS TIME AND TIME AGAIN AS WE'VE MET WITH STAKEHOLDERS, AND THEY'RE ABSOLUTELY RIGHT UNTIL THE CITY SHOWS THAT WE CAN DO THIS.
UH, THE EXPECTATION SHOULD BE THAT OTHERS MIGHT BE A LITTLE SUSPICIOUS.
SO AS A RESULT, WE'LL BE FOCUSING ON FOUR KEY AREAS.
UH, THIS COMING YEAR, UH, WE'LL BE WORKING WITH, UM, ALL OF OUR CITY DEPARTMENTS TO DEVELOP INDIVIDUAL SUSTAINABILITY PLANS THAT ARE ONE DATA DRIVEN AND ARE IN LINE WITH THE OBJECTIVES OF THE SA TOMORROW'S SUSTAINABILITY AND SA CLIMATE READY PLANS.
AND THE KEY IS WE WANNA WORK WITH THEM TO FIND OUT WHAT'S GONNA WORK FOR THEM, WHAT'S GONNA SUPPORT THEIR EFFORTS, BUT AT THE, AT THE SAME TIME, FURTHER OUR SUSTAINABILITY GOALS.
AND THE KEY TO THAT IS DATA-DRIVEN.
WE WANNA MAKE SURE THAT WE ARE IDENTIFYING THOSE INITIATIVES THAT WE CAN ACTUALLY TRACK PROGRESS.
WE'LL BE, UH, WE WILL BE, UH, UPDATING THE, UH, WORKING WITH BUILDING AND EQUIPMENT SERVICES AND OTHER KEY CITY DEPARTMENTS TO UPDATE THE CITY OF SAN ANTONIO GREEN FLEET PROCUREMENT POLICY.
UH, THAT POLICY WAS ORIGINALLY ADOPTED IN APRIL OF 20 20 10, BUT A LOT HAS CHANGED SINCE THEN.
SO WE WANT TO TAKE INTO CONSIDERATION OUR UPDATED SUSTAINABILITY AND CLIMATE OBJECTIVES.
WE WANT TO TAKE INTO CONSIDERATION CHANGING TECHNO TECHNOLOGY AND ECONOMICS, UM, AND INCORPORATE, ALSO INCORPORATE THE RESULTS OF OUR ELECTRIC VEHICLE, UM, ANALYSIS THAT'S
[01:00:01]
CURRENTLY GOING ON, AND MAKE SURE THAT THIS CAN HOPEFULLY GUIDE US TO MORE EFFICIENT, UH, VEHICLE PURCHASES GOING FORWARD.WE WILL, WE WILL ALSO BE WORKING TO DEVELOP AN ENERGY POLICY, UM, FOR THE CITY OF SAN ANTONIO'S FACILITIES TO SET STANDARDS AND EXPECTATIONS RELATED TO ENERGY USE FOR ALL OF OUR FACILITIES, UM, AND BUILDINGS.
AND FINALLY, ONE OF THE THINGS WE'VE BEEN TALKING WITH DIFFERENT SUSTAINABILITY LIAISONS ACROSS, UM, UH, THE CITY ORGANIZATION, AND THERE'S A LOT OF INTEREST, UH, JUST IN BASIC SUSTAINABILITY SUBJECT MATTER.
SO WE WILL BE CONVENING QUARTERLY CLASSES THAT WE'RE OFFERING TO OUR STAFF, UH, ALSO WORKING WITH OTHER KEY DEPARTMENTS SUCH AS SOLID WASTE, UM, TO JUST COVER BASIC TOPICS, HOW DO YOU RECYCLE? AND THIS COULD BE SCHOOL, UH, AT, AT WORK OR HOME.
UH, THERE'S BEEN A LOT OF INTERESTS AROUND RENEWABLE ENERGY AND ENERGY EFFICIENCY.
WHAT DOES C P S OFFER? SO WE WANTED TO START HAVING THESE QUARTERLY MEETINGS TO JUST EDUCATE OUR, OUR, OUR WORKFORCE, AND HOPEFULLY IT'LL HELP OUR TRANSITION HERE, UM, MAKE THAT A LITTLE EASIER AS WELL AS THEY CAN START TAKING SOME OF THOSE BEHAVIORS HOME WITH THEM.
WE ARE REQUESTING, WE ARE REQUESTING TWO IMPROVEMENTS FOR, UM, FY UH, 2020.
WE KNOW THAT THE KEY TO SUCCESS FOR ANY PLAN OR PROGRAM IS CONTINUED COMMUNITY EDUCATION, AWARENESS AND CONVERSATION IN ORDER TO ENSURE CROSS-SECTOR INVOLVEMENT AND BUYIN BUY-IN FOR IMPLEMENTATION ACTIVITIES.
IT'S NOT ENOUGH JUST TO PASS THE PLAN.
UM, WE NEED TO CONTINUE THE CONVERSATION SO PEOPLE UNDERSTAND THE WHYS, AND SO WE CAN ALSO REFLECT AND HEAR WHAT THEIR THOUGHTS, CONCERNS, AND IDEAS ARE.
WE ARE PROPOSING $235,000 FOR A SUSTAINABILITY ENGAGEMENT AND COMMUNICATIONS INITIATIVE TO ASSIST WITH THE IMPLEMENTATION OF THE SA CLIMATE READY PLAN.
THIS INITIATIVE WILL FOCUS ON DIRECT MESSAGING AND ENGAGEMENT WITH THE GENERAL PUBLIC, WITH US FOCUSED ON VERY SPECIFIC TARGET AUDIENCES SUCH AS BUSINESS AND INDUSTRY, NEIGHBORHOOD AND HOMEOWNER ASSOCIATIONS, CHAMBERS OF CONVERT COMMERCE, AS WELL AS VULNERABLE POPULATIONS.
AND THE GOAL IS TO UTILIZE MEDIA VENUES, INCLUDING SOCIAL MEDIA, RADIO, PRINT, AS WELL AS PUBLIC MEETINGS, COMMUNITY EVENTS, AND IN-PERSON PRESENTATIONS.
FUNDING WILL BE UTILIZED, FUNDING WILL BE UTILIZED FOR COMMUNICATIONS AND MARKETING, GRAPHIC DESIGN, SPANISH TRANSLATION AND INTERPRETATION, AND OUTREACH MATERIALS PERFORMANCE.
OUR PERFORMANCE MEASURES FOR THIS FUNDING INCLUDE THE NUMBER OF STAKEHOLDER MEETINGS, NUMBER OF PEOPLE ENGAGED, SOCIAL MEDIA IMPRESSIONS, AND NUMBER OF MEDIA ARTICLES AND READERS.
UM, UM, THIS INITIATIVE IS ALSO, IT'S NOT JUST ABOUT THE CLIMATE PLAN.
IT ALSO SUPPORTS OTHER COSA PRIORITIES, UH, SUCH AS OZONE ATTAINMENT, PUBLIC HEALTH, AND MOBILITY.
UM, AND WE'LL TALK A LITTLE BIT MORE TOMORROW ABOUT THE CLIMATE PLAN AND HOW THOSE DIFFERENT INITIATIVES FIT UNDER THAT UMBRELLA.
IN ADDITION, IN ADDITION, AS THE COST OF PLAN IMPLEMENTATION IS A PRIORITY, WE ARE ALSO REQUESTING $50,000 FOR CONSULTANT SERVICES TO UNDERTAKE ECONOMIC ANALYSIS OF POTENTIAL SUSTAINABILITY AND SA CLIMATE READY POLICIES AND PROGRAMS. PRIOR TO MAKING ANY RECOMMENDATIONS TO CITY COUNCIL, OFFICE OF SUSTAINABILITY, HAD ALSO RECEIVED THE OFFICE OF SUSTAINABILITY, HAD ALSO RECEIVED CONGESTION MITIGATION AND AIR QUALITY FUNDS FOR TWO PROGRAMS THAT WILL, UH, IMPROVE AIR QUALITY AND REDUCE GREENHOUSE GAS EMISSIONS.
UH, WE'VE ESTABLISHED A COSA EV SA BRAND, UH, IN PARTNERSHIP WITH C P S ENERGY AND OTHER KEY STAKEHOLDERS, AND ARE, WE'LL BE LAUNCHING A THREE YEAR CAMPAIGN, WHICH WILL INCLUDE CREATING COMMUNITY AWARENESS AND ENGAGING STAKEHOLDERS AROUND THE AIR QUALITY, CLIMATE ACTION, AND ECONOMIC BENEFITS OF ELECTRIC VEHICLES EV CHARGING INFRASTRUCTURE AND INCENTIVES.
AND WE CAN LOOK AT OTHER CITIES ACROSS THE COUNTRY THAT HAVE SIMILAR INITIATIVES, UM, ABOUT BASICALLY THE MARKETING PROMOTION, EDUCATION, AWARENESS ABOUT THE IMPORTANCE OF THIS SHIFT.
UH, WE WILL ALSO BE EXPANDING OUR ANTI-IDLING AT SCHOOLS PROGRAM, UM, THAT STARTED AS A PILOT.
UM, IT PROVIDES SIGNAGE AND EDUCATIONAL MATERIALS FOR LOCAL K THROUGH 12 SCHOOLS, UM, TO EDUCATE AND ENCOURAGE PARENTS, UM, TEACHERS, UH, VISITORS OF THE IMPORTANCE OF NOT IDLING THEIR VEHICLES.
UM, IT'S BEEN REALLY VERY SUCCESSFUL.
WE HAVE 24 SCHOOLS THAT HAVE ALREADY SIGNED ON IN THIS NEXT PHASE.
WE'RE LOOKING TO EXPAND IT OVER THREE YEARS, AS WELL AS, UH, WE'LL BE WORKING WITH U T S A RESEARCHERS TO LOOK INTO THE FEASIBILITY OF ACTUALLY PLACING AIR QUALITY SENSORS AND START PUTTING SOME DATA TO THIS INITIATIVE.
SO IN SUMMARY, OUR 2020 PRIORITIES ARE, UM, THE CLIMATE SA CLIMATE READY PLAN.
UH, OUR F Y 2020 PROJECTS INCLUDE, UH, EXTERNAL AND INTERNAL LIGHTING RETROFITS AT M L A M L A M L K PARK, ROSEDALE PARK IN VARIOUS LIBRARIES.
AND I CHECKED BEFORE I GOT HERE WHERE THERE'S AT LEAST ONE LIBRARY IN EVERY DISTRICT.
UM, UH, BUT WE ARE LOOKING AT NUMEROUS LIBRARIES.
WE'LL BE FOCUSING ON THE AMERICAN CITIES CLIMATE CHALLENGE THROUGH DECEMBER OF 2020, OUR EV CHARGING INFRASTRUCTURE AND FLEET EVALUATION, OUR MUNICIPAL SUSTAINABILITY PROGRAMS, AND OUR CMEC PROGRAMS. SO WITH THAT, UH, THANK YOU VERY MUCH.
I LOOK FORWARD TO YOUR QUESTIONS AFTER, AND I'LL LOOK FORWARD TO YOUR QUESTIONS AFTER NOW OR THE NEXT PRESENTATION.
[01:05:20]
GOOD AFTERNOON.I'M EXCITED TO SHARE WITH YOU.
I'M EXCITED TO SHARE WITH YOU A BIT ABOUT OF OUR ACCOMPLISHMENTS FOR THIS YEAR, ALONG WITH OUR PLANS FOR NEXT YEAR.
AND I'LL START OFF BY DESCRIBING THE PURPOSE OF OUR DEPARTMENT, WHICH IS TO FOSTER ECONOMIC GROWTH THROUGH COLLABORATION AND INNOVATION UNIQUELY POSITIONED.
IN ADDITION, WE'RE UNIQUELY POSITIONED TO PROMOTE EQUITY THROUGH ECONOMIC OPPORTUNITY, WHICH YOU'LL HEAR MORE ABOUT DURING MY PRESENTATION.
OUR DEPARTMENT IS ORGANIZED INTO FOUR.
OUR DEPARTMENT IS ORGANIZED INTO FOUR DIFFERENT YET INTERCONNECTED AREAS OF WORK.
AND I, I'LL INTRODUCE OUR STAFF AS I DESCRIBE EACH AREA.
THE INDUSTRY DEVELOPMENT DIVISION IS FOCUSED ON GROWING THE NUMBER OF HIGH QUALITY JOBS AND INCREASING INVESTMENT IN TARGETED INDUSTRIES.
WE ACHIEVE THESE OUTCOMES THROUGH THE STRATEGIC USE OF SEVERAL ECONOMIC DEVELOPMENT TOOLS, SUCH AS TAX ABATEMENTS AND GRANTS, AND A DYNAMIC INTERNATIONAL BUSINESS DEVELOPMENT PROGRAM.
JESSICA HARRIS LED THIS DIVISION FOR ALMOST A FULL YEAR, PROVIDING FOR CONTINUITY OF OPERATIONS AS STAFF TRANSITIONS BETWEEN DIFFERENT ASSIGNMENTS.
THE INTERNATIONAL RELATIONS OFFICE LED BY SHERRY DOLA SHAHI CULTIVATES GLOBAL RELATIONSHIPS THAT FOSTER OPPORTUNITIES FOR INCREASED TOURISM, TRADE, DIRECT INVESTMENT, AND CULTURAL ENGAGEMENT DEVELOPMENT EFFORTS.
OUR WORKFORCE DEVELOPMENT EFFORTS ARE LED BY ADRIAN PEREZ, WHO WITH HIS TEAM FOCUS ON UNDERSTANDING PRIVATE SECTOR DEMAND FOR TALENT, DEVELOPING TRAINING PATHWAYS TO MIDDLE SKILLS JOBS, AND SUPPORTING LIFELONG LEARNING IS OUR SMALL BUSINESS.
MICHAEL SENDEN IS OUR SMALL BUSINESS, UM, ASSISTANT DIRECTOR.
HE AND HIS TEAM IMPLEMENT PROGRAMS AND INITIATIVES THAT PROMOTE BUSINESS FORMATION AND GROWTH BY INCREASING ACCESS TO CAPITAL BUSINESS COUNSELING, EDUCATION, MENTORING, AND EQUAL OPPORTUNITY FOR CITY CONTRACTS.
LASTLY, ED DAVIS COULDN'T JOIN US TODAY, BUT HE SERVES AS THE EXECUTIVE DIRECTOR OF OUR ECONOMIC DEVELOPMENT CORPORATION, A NONPROFIT ENTITY DESIGNED TO INVEST FUNDS AND ACQUIRE EQUITY AND ECONOMIC DEVELOPMENT PROJECTS.
OUR PROPOSED BUDGET FOR FISCAL YEAR, OUR PROPOSED BUDGET FOR FISCAL YEAR 20 IS $15.8 MILLION AND IS ALLOCATED INTO FIVE CATEGORIES.
OPERATIONS REPRESENT ALMOST A THIRD OF OUR BUDGET, INCLUDING ALL PERSONNEL EXPENSES.
3.6 MILLION IS APPROXIMATELY 3.6 MILLION IS ALLOCATED FOR EXPENSES ASSOCIATED WITH PREVIOUSLY AUTHORIZED ECONOMIC DEVELOPMENT AGREEMENTS.
FUNDING FOR DELEGATE AGENCIES REPRESENTS 23% OF OUR BUDGET.
THE ECONOMIC DEVELOPMENT INCENTIVE FUND SUPPORTS PROJECTS THAT ADVANCE KEY PRO KEY POLICY PRIORITIES SUCH AS HIGH WAGE JOB CREATION.
AND LASTLY, 1.6 MILLION OF OUR BUDGET SUPPORTS VARIOUS ECONOMIC DEVELOPMENT PARTNERS LIKE THE ECONOMIC DEVELOPMENT FOUNDATION AND BIO.
OUR PROPOSED FISCAL YEAR 20 BUDGET INCLUDES A $700,000 INCREASE FROM LAST YEAR.
$200,000 ARE ASSOCIATED WITH AN ADDITIONAL POSITION AND EXPENSES ASSOCIATED WITH THE IMPLEMENTATION OF THE OPPORTUNITY ZONES, WHICH IS A NEW FEDERAL TAX INCENTIVE.
AN ADDITIONAL $200,000 IS FROM INTEREST EARNED ON OUR INCENTIVE FUND AND WILL BE AVAILABLE FOR ADDITIONAL ECONOMIC DEVELOPMENT PROJECTS.
AND AS WE MENTIONED LAST WEEK, A ONE-TIME INCREASE IN FUNDING TO PROJECT QUEST IS ALSO INCLUDED IN OUR PROPOSED BUDGET.
SAN ANTONIO'S LONG-TERM ECONOMIC SAN ANTONIO'S LONG-TERM ECONOMIC COMPETITIVENESS DEPENDS HEAVILY ON ENSURING THAT WE CONTINUE TO GROW HIGH WAGE TARGETED INDUSTRY JOBS WHILE CREATING PATHWAYS FOR RESIDENTS TO ACCESS THESE JOBS.
OUR INCLUSIVE GROWTH STRATEGY FOCUSES ATTENTION IN CONNECTING TARGETED POPULATIONS AND GEOGRAPHIES TO ADDITIONAL OPPORTUNITIES AND INVESTMENT.
THE TAX ABATEMENT GUIDELINES APPROVED BY COUNCIL IN DECEMBER OF 2018 REDEFINED OUR PRIORITY GEOGRAPHIES AND PROVIDED A NEW APPROACH TO BUILD PARTNERSHIPS WITH KEY EMPLOYERS THAT SHARE OUR PRIORITY FOR INCREASING THE SKILL LEVEL AMONG OUR WORKFORCE DEVELOPMENT INCENTIVES, OUR ECONOMIC DEVELOPMENT INCENTIVE FUND INVESTMENT, OUR, OUR E D I F INVESTMENTS HAVE ALSO SHIFTED TO SUPPORT EMPLOYERS COMMITMENT TO WORKFORCE DEVELOPMENT TOOLS.
THESE REDESIGN TOOLS LEVERAGE PRIVATE INVESTMENT TO PROMOTE INCLUSIVE GROWTH IN OUR COMMUNITY.
WE CONSISTENTLY TWO PERFORMANCE MEASURES.
WE CONSISTENTLY TRACK OUR JOBS AND INVESTMENT LEVERAGED THROUGH OUR ECONOMIC DEVELOPMENT PROJECTS.
WHILE OUR RESULTS CAN VARY BASED ON THE RECRUITMENT AND LOCAL EXPANSION OPPORTUNITIES WITHIN A PARTICULAR YEAR, WE ARE ON
[01:10:01]
COURSE TO EXCEED OUR GOALS FOR FISCAL YEAR 19, AS WE DID IN 18 SUCCESS CONTRIBUTING TOWARDS THIS SUCCESS ARE SUBSTANTIAL RECRUITMENT PROJECTS, INCLUDING CUISINE SOLUTIONS AND VICTORY CAPITAL, ALONG WITH LOCAL RETENTION AND EXPANSION EFFORTS SUCH AS PENTAGON, FEDERAL CREDIT UNION, L G S INNOVATIONS, ACCENTURE AND BOOZ ALLEN HAMILTON.CUMULATIVELY THE PROJECTS SECURED YEAR TO DATE ARE ANTICIPATED TO GENERATE $4.6 BILLION IN ECONOMIC IMPACT TO OUR COMMUNITY.
SWITCHING GEARS A BIT OVER TO, UM, OVER THE PAST TWO YEARS, OUR DEPARTMENT HAS FACILITATED AN ONGOING WORKING GROUP OF LOCAL MILITARY, ACADEMIC, AND LIFE SCIENCE INDUSTRY LEADERS TO STUDY AND DEVELOP AN ACTION PLAN FOR GREATER COMMERCIALIZATION OF MEDICAL, OF MILITARY MEDICAL RESEARCH IN SAN ANTONIO.
IN FISCAL YEAR 20, WE WILL OPERATIONALIZE KEY COMPONENTS OF THIS ACTION PLAN WITH THE CREATION OF THE SAN ANTONIO MILITARY MEDICAL INNOVATIONS DIRECTOR POSITION WITHIN THE ECONOMIC DEVELOPMENT CORPORATION.
THIS POSITION WILL SUPPORT THE GROWING LIFE SCIENCE ECOSYSTEM IN SAN ANTONIO BY FACILITATING PARTNERSHIPS AND INNOVATION THAT HELP THE MILITARY MEET THEIR MEDICAL MISSION REQUIREMENTS, AND AT THE SAME TIME CREATE COMMERCIALIZATION OPPORTUNITIES.
MILITARY EVENTS, SUCH AS OUR MILITARY MEDICAL INDUSTRY DAYS FACILITATE VALUABLE CONNECTIONS BETWEEN THE MILITARY, MILITARY MEDI, BETWEEN THE MILITARY MEDICAL COMMUNITY, AND OUR LOCAL LIFE SCIENCE INDUSTRY.
WE SUCCESSFULLY PILOTED THIS TYPE OF EVENT IN COLLABORATION WITH THE ARMY'S INSTITUTE FOR SURGICAL RESEARCH.
OVER 200 MEMBERS OF OUR LIFE SCIENCE INDUSTRY ATTENDED THIS EVENT.
TO LEARN MORE ABOUT THE OPPORTUNITIES TO PARTNER WITH THE I S R MILITARY, OUR NEXT MILITARY MEDICAL INDUSTRY DAY WILL TAKE PLACE IN OCTOBER, AND WE'LL INCLUDE PARTICIPATION FROM THE AIR FORCE AND NAVY MEDICAL MEDICAL RESEARCH INSTALLATIONS.
ANOTHER TOOL WE'RE LEVERAGING, ANOTHER TOOL WE'RE LEVERAGING TO PROMOTE EQUITABLE GROWTH IS THE OPPORTUNITY ZONE PROGRAM.
OPPORTUNITY ZONES WERE CREATED AS PART OF THE 2017 TAX CREDITS AND JOBS ACT, AND PROVIDED A DEFERRAL OF CAPITAL GAINS TAXES FOR QUALIFYING INVESTMENTS WITHIN DESIGNATED GEOGRAPHIES, WHICH INCLUDE 24 CENSUS TRACKS CLUSTERED INTO NINE ZONES.
THE POSITION ADDED IN OUR FISCAL YEAR 20 BUDGET WILL LEAD OUR CITY'S OPPORTUNITY ZONE STRATEGY.
GIVEN THE CONSIDERABLE INTERESTS GENERATED LOCALLY AND NATIONALLY, ENGAGEMENT, STAKEHOLDER ENGAGEMENT AND COMMUNITY EDUCATION ARE TOP PRIORITIES FOR THIS STRATEGY.
IN APRIL, WE FORMED THE EXTERNAL ADVISORY GROUP, WHICH INCLUDES REPRESENTATIVES FROM COMMUNITY DEVELOPMENT ORGANIZATIONS, RESIDENTS, LOCAL DEVELOPERS, AND REAL ESTATE PROFESSIONALS TO ACT AS A SOUNDING BOARD AND PROVIDE INPUT.
THE FISCAL YEAR 19, THE FISCAL YEAR 19 BUDGET ALSO INCLUDED PILOT PILOT PROGRAM FUNDING FOR DEVELOPMENT OF A WEST SIDE OPPORTUNITY ZONE STRATEGIC PLAN IN PARTNERSHIP WITH THE WEST SIDE DEVELOPMENT CORPORATION.
THE CONSULTANT DEVELOPING THIS PLAN IS CURRENTLY IN THE INPUT GATHERING PHASE OF THE COMMUNITY ASSESSMENT.
THE RESULTING STRATEGIC PLAN WILL BE COMPLETED IN EARLY OCTOBER AND WILL IDENTIFY BUSINESS CORRIDORS IN NEED OF INVESTMENT ALONG WITH THE COMMUNITY'S INVESTMENT PRIORITIES.
WE ALSO WORKED, WE ALSO WORKED WITH THE EXTERNAL ADVISORY GROUP AND SEVERAL COUNCIL DISTRICT OFFICES TO DEVELOP MARKETING MATERIALS THAT HIGHLIGHT EACH OF THE AREAS AND SUMMARIZE THE TAX INCENTIVE.
IN ADDITION, WE'RE IN THE PROCESS OF PURCHASING A WEB APPLICATION TO MARKET OPPORTUNITY ZONES.
OVER THE NEXT YEAR, OUR PLAN IS TO EVALUATE THE TOOL'S EFFECTIVENESS IN PROVIDING REALTIME ACCESS TO ELIGIBLE PROJECT SEEKING INVESTMENT.
PERHAPS ONE OF THE MOST DIRECT PATHS, PERHAPS ONE OF THE MOST DIRECT PATHS TO INCREASING EQUITABLE ECONOMIC OPPORTUNITY IS THROUGH WORKFORCE DEVELOPMENT FOR FISCAL YEAR 20.
WE PLAN TO CONTINUE OUR SUPPORT FOR SA WORKS, AN INDUSTRY LED STRATEGIC WORKFORCE DEVELOPMENT ORGANIZATION THAT PROMOTES ECONOMIC MOBILITY BY ALIGNING EDUCATION PROVIDERS WITH PRIVATE SECTOR, PRIVATE SECTOR EMPLOYMENT DEMANDS, RECOMMENDING WHILE WE'RE RECOMMENDING A DECREASE IN FUNDING FROM 250,000 TO 200,000, SA WORKS HAS INDICATED THEY'RE IN A POSITION TO ABSORB THIS REDUCTION WITHOUT AN IMPACT TO THEIR SCOPE OF WAR, DUE TO THEIR INCREASED FUNDING FROM OTHER SOURCES.
SPECIFICALLY, ESSAY WORKS WILL DEVELOP TWO JOB REPORTS, ARTICULATING HIRING TRENDS, SKILL NEEDS, AND HELPING TO HIGHLIGHT OUR DEMAND.
IN DEMAND SKILLS BASED ON REGIONAL JOB POSTINGS, WILL ALSO LEAD AN EFFORT.
ESSAY WORKS WILL ALSO LEAD AN EFFORT TO ENGAGE OUR BIOSCIENCE INDUSTRY TO BETTER UNDERSTAND AND INFORM LOCAL TRAINING PROVIDERS AND EDUCATION PARTNERS REGARDING THIS SPECIFIC INDUSTRY'S WORKFORCE NEEDS.
ESSAY WORKS IS ALSO COORDINATING BETWEEN 5,000 AND 6,000
[01:15:01]
EXPERIENTIAL LEARNING OPPORTUNITIES, WHICH INCLUDE TEACHER EXTERNSHIPS, JOB SHADOWS, AND INTERNSHIPS, WORKING WITH PARTNERS LIKE D H S AND FAMILY SERVICES ASSOCIATION.FINALLY, WE'RE PARTNERING, AND FINALLY, WE'RE PARTNERING WITH SA WORKS TO EXPLORE THE DEVELOPMENT OF COMMUNITY LEVEL METRICS TO BETTER UNDERSTAND THE CONNECTION OUR EDUCATION AND WORKFORCE DEVELOPMENT SYSTEMS. ESSAY WORKS IS ONE OF OUR STRATEGIC ECONOMIC DEVELOPMENT PARTNERS, WHICH IS HOUSED WITHIN THE ECONOMIC DEVELOPMENT FOUNDATION THROUGH OUR PUBLIC PRIVATE PARTNERSHIP.
OVER THE PAST 10 YEARS, E D F HAS SUCCESSFULLY EVOLVED OUR ECONOMIC DEVELOPMENT, ECONOMIC DEVELOPMENT DELIVERY SYSTEM, FOCUSING ON TARGETED INDUSTRIES AND ADDING KEY ELEMENTS SUCH AS BUSINESS RETENTION AND EXPANSION, INTERNATIONAL TRADE.
AND AS I JUST DESCRIBED, WORKFORCE DEVELOPMENT PROGRAMS. D F CURRENTLY DEVELOP.
E D F IS CURRENTLY DEVELOPING A NEW STRATEGIC PLAN, EVALUATING THE REGION'S COMPETITIVENESS, AND DEFINING ACTIVE INVESTMENT PROACTIVE INVESTMENTS TO SUPPORT REGIONAL ECONOMIC DEVELOPMENT.
THE STRATEGIC PLANNING PROCESS INCLUDES STAKEHOLDER ENGAGEMENT, DATA ASSESSMENT, AND BENCHMARKING OF KEY INDICATORS.
ALONG WITH ASSESSMENT OF OUR TARGETED INDUSTRIES.
THE DATA WILL INFORM STRATEGIES AND ULTIMATELY AN IMPLEMENTATION PLAN TO BE COMPLETED BY JANUARY, 2020.
WHILE THESE, WHILE THIS STRATEGIC PLANNING PROCESS IS PRIVATE SECTOR DRIVEN, CITY STAFF REMAINED ENGAGED AT ALL LEVELS AND STAGES OF THIS EFFORT TO PROVIDE FEEDBACK AND ARTICULATE OUR POLICY PRIORITIES.
ANOTHER LONGSTANDING ECONOMIC DEVELOPMENT PARTNER IS BIO SAY.
I'D LIKE TO ACKNOWLEDGE AND THANK ANN STEVENS FOR HER LEADERSHIP AND FOR JOINING US TODAY IN COLLABORATION WITH E D F.
BIOMED, SAY, SERVES AS OUR INDUSTRY LIAISON AND SUPPORTS BUSINESS RECRUITMENT, RETENTION, AND EXPANSION FUNCTIONS.
AND FISCAL YEAR 20 BIOMED SAY, WILL ALSO CONTINUE ITS IMPLEMENTATION OF THE LIFE SCIENCES ECONOMIC DEVELOPMENT ACTION PLAN DEVELOPED IN 2018 WITH SPECIFIC FOCUS ON NEW MARKETING STRATEGIES, CYBERSECURITY, SAN ANTONIO CYBERSECURITY.
SAN ANTONIO IS ALSO A KEY ECONOMIC DEVELOPMENT PARTNER, AND I'D LIKE TO THANK AMANDA KEER FOR JOINING US TODAY.
THIS YEAR, CYBERSECURITY SAN ANTONIO HELPED FACILITATE A WORKING GROUP THAT IDENTIFIED KEY CYBER INITIATIVES FOR OUR COMMUNITY.
THESE INITIATIVES INCLUDE UTSA'S, NATIONAL SECURITY COLLABORATION CENTER GRID RESILIENCY DEVELOPMENT OF THE CYBER INNOVATION CENTER AT PORT SAN ANTONIO, AND A REGIONAL CYBERSECURITY OPERATIONS CENTER.
AND FINALLY, COLLABORATION WITH OUR MILITARY PARTNERS.
CYBERSECURITY, SAN ANTONIO WILL CONTINUE TO FACILITATE PROGRESS TOWARDS THESE IDENTIFIED INITIATIVES.
INTERNATIONAL BUSINESS DEVELOPMENT, INTERNATIONAL BUSINESS DEVELOPMENT IS A CRITICAL COMPONENT OF OUR ECONOMIC DEVELOPMENT STRATEGY LAUNCHED, WE LAUNCHED THE SAN ANTONIO TRADE AND INVESTMENT STRATEGY IN 2015.
AS A RESULT OF A TWO YEAR PARTNERSHIP WITH THE BROOKINGS INSTITUTION AND ITS GLOBAL CITIES INITIATIVE, THE STRATEGY PRIORITIZED FOREIGN DIRECT INVESTMENT AND EXPORT GROWTH ENGAGEMENT.
OUR MOST RECENT ENGAGEMENT WITH BROOKINGS GLOBAL CITIES INITIATIVE HELPED DEVELOP A DATA-DRIVEN METHODOLOGY BY WHICH TO BETTER TARGET GLOBAL METROS FOR COLLABORATION, TRADE, AND INVESTMENT.
THIS METHODOLOGY EVALUATED A NUMBER OF ELEMENTS, INCLUDING ECONOMIC LINKAGES WITHIN OUR TARGETED INDUSTRIES, WHILE ALSO TAKING INTO ACCOUNT MACROECONOMIC FACTORS, POLITICAL FACTORS, CUL AND CULTURAL FACTORS.
THE DATA WAS GATHERED, THE DATA WAS GATHERED AND CALCULATED FOR EACH SPECIFIC TARGETED INDUSTRY, THEN VALIDATED WITH LOCAL STAKEHOLDERS IN THAT PARTICULAR INDUSTRY.
WE THEN COMBINED ALL THE LISTS AND, UM, PRIORITIZED BASED ON THOSE COMMUNITIES THAT THE LISTS HAD IN COMMON.
THE FIVE PRIORITY MARKETS ARE METROS IDENTIFIED, INCLUDE TOKYO, SEOUL, FRANKFURT, TORONTO, AND MEXICO CITY.
HAVING COMPLETED THIS DATA-DRIVEN PRIORITIZATION EXERCISE, OUR PLAN FOR FISCAL YEAR 20 IS TO IDENTIFY OUTCOMES TO SEEK, WE SEEK TO ACCOMPLISH THROUGH STRATEGIES CUSTOMIZED TO THE STAGE THE OF THE RELATIONSHIP FOR THAT PARTICULAR METRO.
FOR EXAMPLE, WE HAVE SUBSTANTIALLY LONGER AND STRONGER RELATIONSHIPS WITH MEXICO CITY AND TOKYO.
THEREFORE, OUR STRATEGIES WILL BE MORE COMPLEX AND OUTCOMES SUCH AS FOREIGN DIRECT INVESTMENT WOULD BE APPROPRIATE.
HOWEVER, FOR COMMUNITIES SUCH AS TORONTO, MORE RELATIONSHIP BUILDING MAY BE IN ORDER, WHICH IS WHERE OUR INTERNATIONAL, WHICH IS WHERE OUR INTERNATIONAL BUSINESS STRATEGY AND INTERNATIONAL RELATIONS STRATEGIES INTEGRATE.
OUR INTERNATIONAL RELATIONS OFFICE SERVES AS A CITY'S FOREIGN AFFAIRS LIAISON.
AND IN DOING SO, THE OFFICE PLAYS A KEY ROLE IN DEVELOPING AND MAINTAINING OUR GLOBAL RELATIONSHIPS.
SAN ANTONIO HAS 21, SAN ANTONIO HAS 21 SISTER CITIES AND TWO FRIENDSHIP CITIES.
AND JUST LAST MONTH RECEIVED THE BEST OVERALL PROGRAM AWARD FROM SISTER CITIES INTERNATIONAL
[01:20:01]
BASED ON THE INCREDIBLE WORK THAT SHERRY AND HER TEAM ACCOMPLISHED LAST YEAR.THIS YEAR'S HIGHLIGHTS, THIS YEAR'S HIGHLIGHTS INCLUDE A 26 MEMBER DELEGATION FROM DARMSTADT, GERMANY THAT CAME TO SAN ANTONIO IN FEBRUARY.
THE DELEGATION WAS LED BY THEIR LORD MAYOR, PARTICIPATED IN 46 EVENTS OVER A WEEK LONG PERIOD, AND INVOLVED 75 DIFFERENT LOCAL ORGANIZATIONS.
THE GERMAN DELEGATES, THE GERMAN DELEGATES REPRESENTED CIVIC SCIENTIFIC BUSINESS, CULTURAL EDUCATION, AND THE EDUCATION FIELD.
AND INCLUDED TWO PRESIDENTS OF UNIVERSITIES, THE HEAD OF THEIR ENERGY COMPANY, A RETIRED ASTRONAUT, CYBERSECURITY EXPERTS, AND A NUMBER OF PEOPLE ENGAGED IN ARTS AND CULTURE.
ANOTHER IMPORTANT INITIATIVE, ANOTHER IMPORTANT INITIATIVE THIS YEAR WAS THE JAPAN TEXAS LEADERSHIP SYMPOSIUM.
IN MARCH, APPROXIMATELY TWO, APPROXIMATELY 250, LOCAL, NATIONAL AND INTERNATIONAL DELEGATES ATTENDED THE EVENT HOSTED AT OUR CONVENTION CENTER, AND IT FOCUSED ON ECONOMIC DEVELOPMENT, WOMEN'S LEADERSHIP, AND THE IMPORTANCE OF CULTURE AND FORGING BILATERAL RELATIONSHIPS.
THE TEAM ALSO ORGANIZED, THE TEAM, ALSO ORGANIZED AN INTERNATIONAL STARTUP DAY FOR COMPANIES ATTENDING SOUTH BY SOUTHWEST 50 DELEGATES FROM BRAZIL, CHILE, SPAIN, DENMARK, AND GERMANY, VISITED SAN ANTONIO AND MET WITH LOCAL TECH ECOSYSTEM MEMBERS.
IN OCTOBER OF 2018, COUNCIL MEMBER COURAGE LED TRADE AND CULTURAL MISSION TO CHINA.
AND A MONTH LATER, MAYOR NUREMBERG, ALONG WITH COUNCIL MEMBER GERRAN, LED A TRADE MISSION TO JAPAN AND MET WITH INDUSTRY LEADERS, INCLUDING TOYOTA EXECUTIVES FOR FISCAL YEAR 20.
WE PLAN TO CONTINUE OUR SISTER CITY RELATED ACTIVITIES, BOTH INBOUND HOSTING AND OUTBOUND TRADE AND CULTURAL MISSIONS TO OUR SISTER CITIES IN SOUTH KOREA, THE JAPAN, AND GERMANY.
AMONG OTHER CITIES, OUR STAFF IS SERVING.
OUR STAFF IS SERVING ON THE COORDINATING COMMITTEE FOR BOTH THE US MEXICO SISTER CITIES SUMMIT, AND THE US JAPAN SISTER CITY SUMMIT, WHICH WILL INCLUDE BOTH CIVIC AND BUSINESS LEADERS IN DISCUSSING ECONOMIC, CULTURAL, AND EDUCATIONAL COLLABORATIONS.
NOW I'M GOING TO SHIFT GEARS A BIT AND SHARE OUR ACCOMPLISHMENTS AND PLANS FOR NEXT YEAR IN RELATION TO SMALL BUSINESS.
OUR SMALL BUSINESS DIVISION, PERHAPS MORE THAN ANY OTHER DIVISION, POSITIVELY IMPACTS WOMEN, WOMEN AND PEOPLE OF COLOR THROUGH STRATEGIC PROGRAMS AND INITIATIVES SUCH AS OUR C BETA PROGRAM.
C BETA LEVERAGES THE CITY'S PURCHASING POWER TO ELIMINATE HISTORIC DISPARITIES AND PROVIDE OPPORTUNITIES FOR LOCAL MINORITY WOMEN-OWNED BUSINESSES TO PARTICIPATE IN CITY CONTRACTS.
OUR UTILIZATION OF MINORITY AND WOMEN-OWNED BUSINESSES CONTINUES TO GROW, AND WE PROJECT TO BE ON PACE TO EXCEED LAST YEAR'S RECORD SETTING PERCENTAGES.
THE SMALL BUSINESS, THE SMALL BUSINESS OFFICE ALSO MANAGES VARIOUS PARTNERSHIPS THAT HELP ENTREPRENEURS, WHETHER THEY'RE IN THE IDEATION, STARTUP OR GROWTH PHASE OF THEIR BUSINESS TRAJECTORY.
ONE OF THOSE PARTNERS IS LIFT FUND.
AND I'D ALSO LIKE TO ACKNOWLEDGE JANIE BARRA AND SELENA PENA THAT ARE JOINING US HERE TODAY.
WE CURRENTLY PARTNER WITH THEM ON TWO SUCCESSFUL PROGRAMS. THE FIRST IS LAUNCH SA, WHICH PRIMARILY WHOSE PRIMARY GOAL GOALS ARE TO ENCOURAGE ENTREPRENEURIAL ACTIVITY AND CONNECT SMALL BUSINESSES TO LOCAL RESOURCES AND TECHNICAL ASSISTANCE WITH AN EMPHASIS ON SERVING WOMEN AND PEOPLE OF COLOR.
WE ENTERED OUR SECOND FIVE YEAR PARTNERSHIP WITH LAUNCHER IN FISCAL YEAR 19.
OUR ANNUAL ALLOCATION FOR THIS PROGRAM IS $160,000, WHICH LIFT FUND MATCHES.
LATER THIS YEAR, LAUNCH SA WILL RELEASE ITS ANNUAL REPORT, BUT IN 2018, THEY SERVED OVER 4,300 CLIENTS.
64% OF THE CLIENTS SURVEYED REPORTED AN INCREASE IN SALES.
AND CUMULATIVELY 175 JOBS WERE CREATED.
THE SECOND PROGRAM, THE SECOND PROGRAM MANAGED BY LIFT FUND IS A LOAN INTEREST BUY DOWN PROGRAM, WHICH PROVIDES ZERO INTEREST LOANS BETWEEN $500 AND $250,000 TO LOCAL SMALL MINORITY AND WOMEN OWNED BUSINESSES.
THIS YEAR, THE PROGRAM PROVIDED 29 LOANS, TOTALING NEARLY $700,000 WITH 45% OF THE LOANS GOING TO WOMEN OWNED BUSINESSES, AND 21% GOING TO AFRICAN AMERICAN OWNED BUSINESSES.
THIS CAPITAL, WHICH AVERAGE, WHICH AVERAGED APPROXIMATELY $24,000 PER LOAN, WAS USED TO RENOVATE FACILITIES AND BUY EQUIPMENT.
AND LAST AND LAST, THE SMALL BUSINESS DEVELOPMENT FEE WAIVER PROGRAM IS THE NEWEST TOOL IN OUR PORTFOLIO.
BUSINESSES IN OPERATION FOR AT LEAST TWO YEARS MAY BE ELIGIBLE FOR CITY AND SAWS DEVELOPMENT, FEE WAIVERS.
MINORITY AND WOMEN OWNED BUSINESSES ARE ELIGIBLE FOR A GREATER AMOUNT OF FEE WAIVERS.
HOWEVER, THOSE BUSINESSES LOCATED IN OUR INCLUSIVE GROWTH AREA ARE ELIGIBLE FOR THE GREATEST ASSISTANCE, WHICH IS $25,000 IN ORDER TO PURSUE OR IN ORDER TO SPUR BUSINESS REINVESTMENT IN THESE GEOGRAPHIES.
THIS YEAR, THIS YEAR, WE SERVED NINE SMALL BUSINESSES AND WAIVED A TOTAL OF $88,000 IN FEES, WHICH HELPED FACILITATE $14 MILLION IN INVESTMENT BY THESE
[01:25:01]
BUSINESSES, CREATING OVER A HUNDRED JOBS THROUGHOUT PRESENTATION.THROUGHOUT MY PRESENTATION, I REFERENCED SPECIFIC AREAS OF WORK INTENTIONALLY DESIGNED TO BUILD ON THE FOUNDATION OF ECONOMIC INCLUSION AND EQUITY.
WE RE-ENVISIONED OUR TRADITIONAL PROGRAMS LIKE OUR TAX ABATEMENT GUIDELINES AND THE DEVELOPMENT FEE WAIVER PROGRAMS TO FOCUS ON INCLUSIVE GROWTH.
WE CONTINUE OUR INVESTMENT IN PROVEN SUCCESSFUL MODELS LIKE THE S BETA PROGRAM AND OUR LOAN INTEREST BUYDOWN PROGRAM.
AND, AND IN 2020, WE'VE IDENTIFIED ADDITIONAL OPPORTUNITIES TO EMBED EQUITY IN OUR WORK.
YOU MAY RECALL ONE OF THE EXAMPLES FROM OUR EQUITY TRAINING REFERENCING THE CURB CUT EFFECT.
IN ESSENCE, SOLUTIONS DESIGNED TO ELIMINATE BARRIERS EXPERIENCED BY A PARTICULAR POPULATION END UP BENEFITING ADDITIONAL POPULATIONS.
CURB CUTS INTENDED TO MAKE SIDEWALKS ACCESSIBLE FOR WHEELCHAIRS ALSO BENEFIT INDIVIDUALS WITH STROLLERS AND CARTS.
SO DIVERSITY, SO OUR DIVERSITY ACTION PLAN IS A, IT DEMONSTRATES THIS TYPE OF EFFECT.
WE HELP OUR, WE HELP OUR, IT WAS DESIGNED TO HELP OUR MINORITY AND WOMEN-OWNED BUSINESSES TO EFFECTIVELY PREPARE FOR POTENTIAL CITY CONTRACTING OPPORTUNITIES.
THE DIVERSITY ACTION PLAN CALLED FOR THE DEVELOPMENT AND DISTRIBUTION OF AN ANNUAL PROCUREMENT GUIDE.
WHILE THE STRATEGY, WHILE THE STRATEGY WAS INTENTIONALLY DESIGNED TO MAKE CONTRACTING MORE ACCESSIBLE FOR ONE PARTICULAR POPULATION, THE PROCUREMENT GUIDE WILL BENEFIT ALL BUSINESSES INTERESTED IN CONTRACTING WITH THE CITY OPPORTUNITY.
ANOTHER OPPORTUNITY EXISTS WITH THE ECONOMIC DEVELOPMENT FOUNDATION, REGIONAL STRATEGIC PLAN, PARTICIP, THROUGH OUR PARTICIPATION IN THIS PROCESS, WE STRIVE TO PROMOTE THE ALIGNMENT OF THE RESULTING IMPLEMENTATION PLAN WITH OUR POLICY PRIORITY OF ECONOMIC EQUITY AND INCLUSION.
BUT WE KNOW THERE'S MORE OPPORTUNITIES, WHICH IS WHY WE'RE EXCITED TO BE COMPLETING OUR DEPARTMENT EQUITY ASSESSMENT THIS YEAR AND USE IT TO DEVELOP AN ACTION PLAN FOR OUR DEPARTMENT.
THAT, THAT CONCLUDES MY PRESENTATION.
GOOD AFTERNOON, MAYOR CITY COUNCIL, JOHN JACKSON.
UH, JOHN JACKS WITH THE CENTER CITY DEVELOPMENT AND OPERATIONS DEPARTMENT.
I'M HAPPY TO BE BACK HERE AGAIN, UH, THIS YEAR TO PRESENT OUR BUDGET TO YOU.
SIM CITY DEVELOPMENT CENTER CITY DEVELOPMENT OPERATIONS STRIVES TO MAKE DOWNTOWN A PLACE EVERYONE WANTS TO BE.
AND WE DO THAT BY, UH, FACILITATING A VIBRANT DOWNTOWN, UM, WHILE ALSO, UM, REFLECTING OUR DIVERSE COMMUNITY.
AND WE REALLY DO THAT IN TWO AREAS, AND THAT'S IN OUR OPERATIONS DIVISION, AS WELL AS OUR DEVELOPMENT DIVISION FOR FY 2020.
OUR PROPOSED BUDGET, UH, IS $48.9 MILLION.
THAT INCLUDES MULTIPLE FUNDS, THAT INCLUDES THE PARKING FUND, UH, THE GENERAL FUND, A CAPITAL FUND, A SMALLER MARKET MARKET SQUARE FUND.
AND THEN THIS YEAR, WE'RE ADDING THE CITY TOWER AND GARAGE FUND, UH, TO OUR DEPARTMENT.
UH, WE ARE ADDING FIVE POSITIONS THIS YEAR.
THAT'LL BE IN OUR PARKING OPERATIONS, AND THAT WILL BE TO OPERATE, UH, THE CITY TOWER GARAGE, WHICH WE STARTED OPERATING ACTUALLY ON AUGUST 1ST.
THE GENERAL FUND, THE GENERAL FUND BUDGET FOR F Y 2020 IS $19 MILLION.
THAT'S PRIMARILY OUR RIVER OPERATIONS, UH, AND OUR DEVELOPMENT FUNDS, OR OUR DEVELOPMENT, UH, DIVISIONS.
WE ALSO SUPPORT DOWNTOWN EVENTS, UH, FACILITY OPERATIONS AND PROGRAMMING, SUCH AS AT MARKET SQUARE OR AT LAVATA.
UM, A LITTLE BIT, THE TOWER OF AMERICAS.
AND THEN WE ALSO OVERSEE FACILITY LEASING AND CONTRACTS FOR THE CITY.
OUR DEPARTMENT IS, OUR DEPARTMENT IS PRIMARILY MADE UP OF SIX DIFFERENT SECTIONS THAT OVERSEE OR OPERATE, UM, VARIOUS COMPONENTS, UH, OF OUR PROGRAMS. THE TOP FOUR ARE FROM THE GENERAL FUND.
THAT'S RIVERWALK, OPERATIONS DEVELOPMENT, REAL ESTATE, LEASING AND CONTRACTS, AND SPECIAL EVENTS, PARKING OPERATIONS AND ENFORCEMENT IS AN ENTERPRISE FUND.
AND I'LL, I'LL, UH, EXPAND ON THAT A LITTLE BIT LATER.
UM, AND THEN FINALLY, WITH MARKET SQUARE IN LAVATA OPERATIONS, RIVERWALK OPERATIONS, RIVERWALK OPERATIONS, REALLY THREE PRIMARY FUNCTIONS.
UH, THEY ARE DOWN THERE DAILY, 365 DAYS A YEAR, MAINTAINING AND CLEANING THE RIVERWALK TO MAKE IT, UH, A WORLD CLASS ATTRACTION.
UM, ARGUABLY THE NUMBER ONE ATTRACTION IN THE, IN THE STATE OF TEXAS, UM, THROUGH THE VARIOUS DIFFERENT WAYS.
UH, THE, THE PICTURE THERE IS OF OUR LADY ECHO, THAT'S A, UH, SPECIFIC, UM, PIECE OF EQUIPMENT THAT CLEANS THE RIVER OF DEBRIS.
UM, WE, UM, WE PLANT OVER 400 PLANTS YEARLY, UM, TO BEAUTIFY THE RIVERWALK.
UM, SO THAT INCLUDES BEAUTIFICATION, UM, AS WELL AS, UM, SOME MAINTENANCE LIKE WATERING AND, AND WEEDING AND MAKING SURE THAT THOSE GARDENS LOOK GREAT.
UM, AND THEN FINALLY, THEY ALSO OVERSEE, UH, CAPITAL IMPROVEMENTS FOR THE RIVERWALK.
UM, THAT WOULD BE IDENTIFYING, WORKING WITH OUR DESIGNERS TO MAKE ENHANCEMENTS
[01:30:01]
AND IMPROVEMENTS TO THE RIVERWALK, PRIMARILY IN AREAS OF A D A ACCESSIBILITY.OUR DEVELOPMENT, OUR DEVELOPMENT TEAM, UH, FOCUSES ON PROJECT FACILITATION.
SO THIS IS ASSISTING AND HELPING WITH, UH, PROJECTS THAT ARE OCCURRING WITHIN OUR CENTER CITY, WORKING WITH, UH, WORKING WITH OTHER VARIOUS DEPARTMENTS LIKE DEVELOPMENT SERVICES AND T C I TO HELP FACILITATE PROJECTS.
UM, THROUGH THAT PROCESS, WE ALSO DEVELOPED STRATEGIC, UM, DEVELOPMENT PARTNERSHIPS, UM, WITH OTHER, UH, AGENCIES OR DEVELOPERS ON VARIOUS PROJECTS SUCH AS THE ALAMEDA, WORKING WITH TEXAS PUBLIC RADIO.
UM, THEY OVERSEE OUR INNER CITY INCENTIVES AND OUR BROWNFIELD PROGRAM, AND ALSO MANAGEMENT OF THE CCHI AND FEE WAIVER PROGRAMS. OUR REAL ESTATE LEASINGS AND CONTRACT TEAM MANAGES DOWNTOWN CULTURAL FACILITIES SUCH AS LAVATA AND MARKET SQUARE.
WE ALSO, WE ALSO LEVERAGE CITY ASSETS, SO THAT'S LOOKING AT WHAT ASSETS DO THE CITY OWN, UM, PARTICULARLY IN THE CENTER CITY THAT WE CAN LEVERAGE AND USE, UM, TO HELP PROMOTE DEVELOPMENT, UM, SUCH AS RED BERRY MANSION WOULD BE AN EXAMPLE.
WE ALSO MANAGE OVER 300 CONTRACTS, UM, AS WELL AS 240 LEASES.
OUR SPECIAL EVENTS TEAM HELPS COORDINATE LARGE DOWNTOWN EVENTS, UM, SUCH AS ROCK AND ROLL MARATHON, THAT'S PARTNERING, UM, WITH AN OUTSIDE GROUP TO, TO PUT ON THAT EVENT.
UM, ALSO FIESTA, SO WORKING CLOSELY WITH THE FIESTA COMMISSION, UM, TO HELP THEM WITH THEIR EVENTS.
BUT WE ALSO PRODUCE SOME OF OUR OWN EVENTS, UM, SUCH AS MOVIE NIGHTS, UM, LIKE AT TRAVIS PARK OR, UH, RECENTLY THIS YEAR AT PLAZA GUADALUPE, UH, WE OVERSEE 10 PUBLIC SPACES IN THE DOWNTOWN AREA.
UH, THIS PAST YEAR, WE ACTIVATED, UH, OR HELPED WITH OVER 750 TOTAL EVENTS.
UM, AND THEN ALSO LAST YEAR WE STARTED, UM, UM, OVERSEEING THE FIRST AMENDMENT PROCESSIONS PROCESS.
WE HAD A BUSY YEAR, UH, LAST YEAR IN FISCAL 19.
AS YOU ALL KNOW, WE WERE VERY BUSY, UM, WITH DOCKLESS VEHICLES THIS PAST YEAR SUCCESSFULLY.
UM, WE SUCCESSFULLY IMPLEMENTED DOCKLESS VEHICLE REG REGULATIONS, UM, AS PART OF A PILOT PROGRAM.
UM, AND WE'LL BE COMING TO YOU LATER THIS FALL, UM, TO AWARD, UH, THREE CONTRACTS TO, UH, PEOPLE WHO HAVE APPLIED FOR THE, UH, THROUGH THE R F P PROCESS.
WE ALSO, THIS PAST YEAR, WE ALSO OVERHAULED OUR CITY FEE WAIVER PROGRAM, UM, BY REPLACING ICRP, UM, AND CREATING A NEW FEE WAIVER PROGRAM, UM, THAT IS CITYWIDE AND FOCUSES ON AFFORDABLE HOUSING.
AS PART OF THAT, WE ALSO REVISED THE C CHIP PROGRAM, UM, TO FOCUS ON AFFORDABLE HOUSING AS WELL, FINALLY.
AND THEN FINALLY, WE SUCCESSFULLY NEGOTIATED AND EXECUTED A NEW 10 YEAR CONTRACT WITH THE FIESTA COMMISSION.
WE WORKED, WE WORKED HARD AND, AND, AND, UH, THIS PAST YEAR TO EMBED EQUITY IN C C D O.
AND WE DID THAT IN A COUPLE DIFFERENT WAYS.
UM, AND I JUST MENTIONED, UM, THAT WE DID, UM, START PROVIDING INCENTIVES TO DEVELOPERS TO PROVIDE MORE AFFORDABLE HOUSING OPPORTUNITIES FOR FAMILIES.
UM, AND THEN WE ALSO WORKED CLOSELY ON OUR EVENTS.
UM, THESE ARE FREE EVENTS, UM, THAT WE WORKED AND PARTNERED WITH THE COMMUNITY, UM, DIFFERENT ORGANIZATIONS TO PROVIDE FREE EVENTS FOR ALL OF OUR CITIZENS.
WE PLAN TO CONTINUE TO OUTREACH TO COMMUNITY OF COLOR AND LOWER INCOME TO INCREASE AWARENESS OF THOSE FREE EVENTS.
UH, WE WILL ALSO, UM, START A TRAINING PROGRAM FOR OUR STAFF, UM, PARTICULARLY THOSE THAT ARE OUT IN THE FIELD WORKING, UM, DOWNTOWN, UM, TO TRAIN THEM TO, TO BE COMPASSIONATE, UM, WITH DOWNTOWN HOMELESS POPULATION.
AND THEN FINALLY, WE'LL FURTHER COLLABORATE WITH, UH, NEIGHBORHOOD HOUSING SERVICES DEPARTMENT ON PRIORITIZING AFFORDABLE HOUSING DEVELOPERS VIA MULTI-PRONGED APPROACH, UM, TO ELIMINATE AND REDUCE POSSIBLE BARRIERS TO PRODUCTION.
WE DO HAVE SOME, WE DO HAVE SOME ENHANCEMENTS, UH, AS FAR AS REVENUE IS CONCERNED.
UM, IN THIS YEAR'S BUDGET, UH, WE WILL BE, AS PER THE CONTRACT, UH, WITH THE OPERATOR, UH, WE WILL BE, UH, PROPOSING AN INCREASE TO TICKET, UH, PRICES FOR RIVER BARGE, UM, TICKETS, THOSE THAT'LL BE A DOLLAR, UM, ON AVERAGE, A DOLLAR PER TICKET, UH, THAT ALSO INCLUDES AN ADDITIONAL 50 CENTS, UM, THAT WILL GO TO HAVEN FOR HOPE, UM, WHICH YOU, WHICH PRESENTED, UH, IN VETO'S BUDGET, UM, OR IN MELODY'S BUDGET, SORRY.
UM, THAT ALSO INCLUDES A 50 CENT, UM, TICKET INCREASE OR A 50 CENT PER TICKET, UH, FOR THE TOWER, UH, THAT WILL ALSO GO, UM, TO HELP WITH HOMELESSNESS.
UM, WE ARE ADDING, UM, WE ARE ADDING A CCHI AGREEMENT ASSIGNMENT FEE.
THIS IS A FEE THAT, UM, CURRENTLY THERE IS NO FEE.
UM, SO WHENEVER SOMEONE COMES IN AND WOULD LIKE TO REQUEST A C CHIP AGREEMENT
[01:35:01]
TO BE ASSIGNED TO A, UM, A DIFFERENT OWNER OR A DIFFERENT DEVELOPER, UM, THERE IS QUITE A BIT OF ADMINISTRATIVE WORK THAT GOES INTO THAT.UM, SO WE'RE ADDING A FEE, UM, THAT WILL COVER THOSE, THOSE COSTS.
AND FINALLY, UH, AND THEN FINALLY, A SMALL, UM, INCREASE IN THE BOLIVAR HALL RENTAL FEE.
BOLIVAR HALL IS A, A FACILITY AT LAVATA.
UM, AND THIS IS JUST MAKING IT COMPARABLE WITH OTHER, UM, FACILITIES WITHIN LAVATA, UH, PARKING, PARKING OPERATIONS, OUR PARKING OPERATIONS DIVISION, UM, OVERSEAS, UH, A LITTLE OVER, UH, 1000 OR 1,699 SPACES.
THESE ARE IN SURFACE LOTS, 2100, UH, ON STREET SPACES.
SO THIS WOULD BE, UM, LIKE METER SPACES.
UM, A LITTLE OVER 3000 SPACES IN PARKING GARAGE.
THAT INCLUDES THE NEW, UH, CITY TOWER GARAGE FOR A TOTAL OF 7,125 PUBLIC PARKING SPACES THAT WE MANAGE AND OPERATE.
PARKING ALSO INCLUDES PARKING ENFORCEMENT.
UM, SOME OF THOSE ARE DOWNTOWN, ABOUT FOUR OR FIVE, UH, OPERATING DOWNTOWN IN THE REMAINDER ARE, ARE, I'M SORRY, FOUR TO FIVE CITYWIDE.
AND THE REMAINDER ARE OPERATING DOWNTOWN, PRIMARILY, UM, PRIMARILY DOWNTOWN.
THEY'RE ENFORCING METER PARKING AND THEN CITYWIDE.
UM, THEY FOCUS MORE ON, UM, SOME SAFETY ISSUES, UM, EXCESSIVE, UH, HANDICAPPED PARKING, UM, MAKING SURE THAT THE, THE STREETS ARE NOT CONGESTED.
UH, THEN THIS YEAR WE ALSO STARTED BY, UM, ENFORCING DOCKLESS VEHICLES.
THE PARKING, THE PROPOSED F Y 2020 PARKING FUND IS $20.7 MILLION.
UM, THIS INCLUDES REVENUES THAT ARE GENERATED FROM PARKING RATES AND LEASES.
UM, AND IT IS A RESTRICTED FUND, UM, USED FOR OPERATING AND MAINTENANCE OF CITY STAR CITY, UM, PARKING STRUCTURES, UH, AND AREAS.
UM, YOU CAN SEE THERE'S VARIOUS REVENUE COMING IN, UM, FROM METERS, UM, GARAGES AND LOTS, EXCUSE ME.
UM, THERE IS A, UH, A LARGE FUND BALANCE THAT I'LL GET INTO HERE IN A MINUTE.
UM, AND, AND REALLY WE USE THAT PRIMARILY TO OPERATE THOSE FACILITIES.
UM, WE'RE HAVE A LARGE CAPITAL PROJECT COMPONENT THIS, UH, FISCAL YEAR.
UM, AND THAT DOES PAY FOR PARKING ENFORCEMENT AS WELL.
PARKING ENFORCEMENT REVENUES GO INTO THE GENERAL FUND.
THEY DO NOT GO INTO THE PARKING FUND.
UM, AND THEN YOU CAN SEE A SMALL PIECE THERE FOR TRANSPORTATION DEMAND MANAGEMENT, UM, THAT INCLUDES SOME, UM, ALTERNATIVE TRANSPORTATION FUNDING, UM, THAT T C I IS MANAGING AS WELL AS A POSITION THAT WAS IN LAST YEAR'S BUDGET.
A LOT OF, UH, A LOT OF YOU HAVE, UH, ARE AWARE OF, UH, A RATHER LARGE FUND BALANCE THAT WE HAVE ACCRUED, ACCRUED OVER THE YEARS.
UM, THIS YEAR WE ARE PROPOSING, UM, AS PART OF OUR CAPITAL IMPROVEMENTS, UM, PROJECT, OUR CAPITAL PROJECTS TO SPIN THAT FUND BALANCE DOWN.
UH, THAT WILL INCLUDE CAPITAL IMPROVEMENTS TO OUR EXISTING FACILITIES.
UH, THAT WILL ALSO INCLUDE MAINTAINING AN OPERATING RESERVE, UM, AND THEN SETTING ASIDE, UM, FUNDS FOR ADDITIONAL, UM, PARKING SUPPLY, UM, IN THE FUTURE.
FINALLY, THE MARKET SQUARE FUND AS A $2.6 MILLION FUND.
UM, THIS IS PRIMARILY FUNDS THAT ARE COMING IN FROM LEASES AT MARKET SQUARE AND ALSO THE PARKING LOT, UM, ON TOP OF FARMER'S MARKET.
UM, THOSE REVENUES GO INTO THIS FUND.
UM, AND THEN THE, UH, FUND IS PRIMARILY OPERATIONS AND MAINTENANCE, AND THEN THERE IS SOME PAID OUT TO PARKING OPERATIONS TO OPERATE THAT PARKING FACILITY.
WE ARE ADDING, WE ARE ADDING A, UH, A NEW FEE.
WE HAVE A, UH, PROPOSING A MARKET SQUARE PLAZA RENTAL FEE.
CURRENTLY WE HAVE PLAZA RENTAL FEES FOR MARKET SQUARE, BUT IT'S FOR EACH INDIVIDUAL PLAZA WITHIN MARKET SQUARE.
WE DO NOT HAVE A, UH, A FEE FOR RENTING THE ENTIRE, UM, MARKET SQUARE.
UM, WHEN WE HAVE LARGE EVENTS SUCH AS THAT, IT DOES PUT A STRAIN ON OUR OPERATIONS.
UM, AND SO THIS WILL BE A NEW, UM, $6,800 PER DAY FEE TO RENT THE ENTIRETY OF MARKET SQUARE.
AND THAT WILL GO TO COVER COSTS SUCH AS JANITORIAL SERVICES AND STAFFING.
SO FOR, SO FOR F Y 2020, OUR GOALS FOR RIVER OPERATIONS WILL BE TO CONTINUE TO MAINTAIN A WORLD CLASS, UH, ATTRACTION, UH, FOR PARKING OPERATIONS.
WE ARE GOING TO, UM, WORK ON, UM, ENHANCING OUR CUSTOMER SERVICE EXPERIENCE BY IMPROVING FACILITIES AND ALSO THROUGH CAPITAL IMPROVEMENTS IN TECHNOLOGY.
UM, SPECIFICALLY, WE'RE LOOKING TO EXPAND OUR PAY BY PHONE APP INTO OUR PARKING GARAGES.
UM, THAT IS CURRENTLY AVAILABLE FOR ON-STREET PARKING, BUT WE'D LIKE TO MOVE IT INTO OUR GARAGE AS WELL, TO MAKE THAT EXPERIENCE MUCH MORE CONVENIENT, UM, AND EASIER FOR OUR CUSTOMERS.
CONTINUE, UH, WE'LL CONTINUE TO EXPAND ACTIVATION AND EVENTS THROUGHOUT
[01:40:01]
DOWNTOWN.UH, AND THEN FINALLY, WE'LL ALSO WORK TO CONTINUE TO STIMULATE ECONOMIC DEVELOPMENT WITHIN DOWNTOWN AREA AND FOCUS ON HOUSING DEMAND AND PLACEMAKING.
AND THAT CONCLUDES MY PRESENTATION.
AND THANK YOU TO, UH, DOUG AND TO ALEX FOR YOUR PRESENTATIONS AS WELL.
UM, I DON'T REALLY HAVE ANY QUESTIONS FOR YOU, DOUG.
I, I KNOW WE'LL BE TALKING TOMORROW.
UH, OTHER THAN TO SAY THAT, UH, THE CAP IS JUST A, ANOTHER REMINDER OF THE, UM, HOW MUCH, UH, INTERSECTION THERE IS BETWEEN DEPARTMENTS AND A LOT OF THESE TOPICS WHEN WE'RE TALKING ABOUT EQUITY, ESPECIALLY, UM, AND THE IMPACTS THAT WE'RE MITIGATING FOR, UH, WITH REGARD TO OUR MOST VULNERABLE COMMUNITIES, UH, WHETHER IT'S, UH, CREATION OF ECONOMIC OPPORTUNITY OR HOUSING OPPORTUNITY OR, UM, YOU KNOW, EVEN THE OPPORTUNITY TO PARK, TO GO TO YOUR JOB, UH, EQUITY, UH, IS, IS EMBEDDED IN ALL THESE, AND THERE'S SOME INTERSECTIONS THAT ARE CREATED.
I WANT US TO BE COGNIZANT OF THOSE.
AND AS MUCH AS POSSIBLE AS WE TRANSITION BETWEEN THESE DEPARTMENTS, KIND OF HIGHLIGHT THOSE AND SEE WHERE WE CAN BE EFFICIENT, UH, WITH, WITH OUR OPERATIONS.
I THINK YOU'VE DONE A GOOD JOB OF THAT ALREADY, BUT IT'S, IT'S IMPLICIT.
IF WE CAN START BRINGING THOSE OUT, I THINK IT WOULD HELP US UP HERE QUITE A BIT.
UM, ALEX, I HAVE A FEW QUESTIONS FOR YOU.
ACTUALLY, JUST ONE MAIN QUESTION, ACTUALLY, JUST ONE MAIN QUESTION.
UM, IF WE CAN GO TO THE SLIDE, I DON'T KNOW WHICH ONE IT WAS, BUT YOU SHOWED THE, THE NUMBER OF JOBS THAT ARE DIRECTLY IMPACTED, CREATED BY THE OPERATIONS OF YOUR DEPARTMENT.
UM, AS WE GET INTO A MORE INCLUSIVE GROWTH STRATEGY, AND WE'RE FOCUSING ON OUR EMERGING INDUSTRIES, OUR FOCUS INDUSTRIES, ADVANCED MANUFACTURING, CYBER, UH, BIOSCIENCES, ET CETERA, WHAT IS THE PROFILE OF THOSE JOBS? UH, THE 4,500 OR SO THAT WE'RE LOOKING AT, BECAUSE WE KNOW THAT JOB GROWTH IN SAN ANTONIO IS ORGANIC AS WELL.
THERE'S A LOT MORE JOBS THAT ARE GROWING IN OUR COMMUNITY THAN JUST THOSE THAT ARE ON THAT PAGE.
BUT WHEN WE'RE USING TARGETED INCENTIVES OR OTHER, UH, OPPORTUNITIES WORKING WITH THE COMPANY, UH, TO GROW HERE, TO, TO MOVE HERE, WHAT'S THE PROFILE OF THOSE JOBS THAT WE'RE SEEKING, AND HOW IS THAT CHANGING, ADDRESSING THE ISSUE OF EQUITY IN TARGETED INDUSTRIES? THE CHANGES THAT WE, THAT COUNCIL APPROVED TO OUR TAX ABATEMENT GUIDELINES REALLY ALLOW US TO PILOT A DIFFERENT TYPE OF APPROACH.
WE HAVE TRADITIONALLY BEEN FOCUSED ON HIGH WAGE TARGET INDUSTRY JOBS, BUT WE ALSO NOW HAVE AN OPPORTUNITY TO LEVERAGE OUR TOOLS TO CREATE, UM, JOBS THAT WILL, WILL FACILITATE AN ENTRY INTO EMPLOYMENT.
BUT THAT FOCUS WHERE EMPLOYERS HAVE A STRONG FOCUS ON WORKFORCE DEVELOPMENT, SO THE MIX OF THE JOBS THAT WE MAY SEE MOVING FORWARD AS FAR AS THOSE THAT WE, WE INCENTIVIZE MAY CHANGE A BIT.
WE'RE STILL PILOTING THAT TYPE OF APPROACH.
WE'RE NOT SURE IF WE'RE HOW MUCH, UM, WE'RE GONNA CONTINUE THAT, BUT IT WILL, UM, ADD SOME DIMENSION AND SOME VARIETY TO THE TYPES OF JOBS THAT WE WANT TO WANT TO BE ATTRACTING.
YEAH, WELL, I APPRECIATE THAT.
AND, AND I THINK THAT JOB COUNT IS IMPORTANT, ESPECIALLY WHEN IT, WHEN IT'S, YOU KNOW, THOSE QUALITY JOBS THAT, THAT ARE PART OF THOSE NEW INDUSTRIES.
UH, BUT WE CAN'T DISCOUNT THE IMPACT THAT A LOT OF THOSE EMPLOYERS ARE CREATING THROUGH THEIR WORK AND, AND WORKFORCE DEVELOPMENT.
UH, I KNOW WE ARE ENGAGING ALAMO PROMISE, THAT'S A HUGE, UM, UH, OPPORTUNITY FOR THIS ENTIRE COMMUNITY.
BUT AS MUCH AS WE CAN, UM, TARGET AREAS AND ALSO COMPANIES THAT ARE GOING TO CREATE A RESIDUAL GENERATIONAL IMPACT FOR OUR COMMUNITY, THE BETTER.
AND I APPRECIATE, UH, THE FOCUS ON THAT.
UM, THAT'S REALLY THE ONLY QUESTION I HAVE FOR YOU, ALEX.
AND, AND I APPRECIATE THE WORK OF YOUR ENTIRE DEPARTMENT.
UM, OF COURSE, WE, WE GET A LOT OF IMPACT, UH, FROM ALL OF THE AREAS.
I DO WANT TO SAY THANK YOU TO OUR PARTNERS AT THE LIFT FUND.
UM, THE, THE SMALL AMOUNT OF MONEY THAT WE CAN, UH, SUPPORT THE WORK OF ORGANIZATIONS LIKE THE LIFT FUND, THOSE ARE EXPONENTIAL RETURNS ON INVESTMENT WHEN WE CAN INFUSE OUR, A LOCAL SMALL BUSINESS WITH THE OPPORTUNITY TO GET NEW EQUIPMENT TO EXPAND THEIR MARKET AND SO FORTH.
AND, YOU KNOW, THAT, THAT THE RESIDUAL AFTER THAT IS, IS ALMOST INCALCULABLE.
UH, SO THANK YOU TO OUR, OUR FRIENDS AT LIFTFUND, UM, INTER AND THEN OF COURSE THE INTERNATIONAL DEPARTMENT.
I KNOW THAT ECONOMIC DEVELOPMENT AS PART OF THE INTERNATIONAL DISCUSSION, UH, BUT THESE ARE LONG TERM INVESTMENTS.
WHEN WE, WHEN WE CREATE FRIENDSHIPS WITH ANOTHER COMMUNITY, I MEAN, WE'RE STILL REAPING THE BENEFITS OF THE PHONE CALLS THAT HENRY CISNEROS MADE TO JAPAN.
UH, AND THAT IS NOT, WAS NOT INTENDED, ORIGINALLY INTENDED, UH, AS AN ECONOMIC DEVELOPMENT PHONE CALL IS A PHONE CALL FOR FRIENDSHIP.
BUT WE'RE NOW, UH, AGAIN, REAPING THE BENEFITS OF THOSE CULTURAL PARTNERSHIPS THAT WE'VE CREATED, UH, THAT ARE NOW LEADING INTO OTHER THINGS.
SO, UH, APPRECIATE, UH, THE UNDERSTANDING
[01:45:01]
OF ALL OF OUR CITY ORGANIZATION ON THE IMPORTANCE OF INTERNATIONAL.UM, JUST ONE QUESTION FOR YOU, JOHN.
IF YOU CAN JUST ASSIGNMENT ON THE CCHI ASSIGNMENT FEE.
WHEN WE'RE TRANSFERRING AN ASI, A CCHI AGREEMENT FROM ONE OWNER TO THE NEXT, THAT'S WHAT THE FEE IS BASED ON, RIGHT? SO WE, UH, WHEN A INDIVIDUAL COMES IN OR DEVELOPER COMES IN AND THEY, WE, UH, DRAFT AN AGREEMENT, WE EXECUTE AN AGREEMENT WITH THEM, UM, SOMETIMES THEY MAY SELL THAT PROJECT IN THE FUTURE.
AND SO WHEN THEY SELL THAT PROJECT, UM, IT REQUIRES US TO ASSIGN THAT AGREEMENT TO THE NEW OWNER.
AND SO THAT IS WHERE, UM, THAT FEE WILL COME INTO PLAY.
SO HERE'S WHERE ANOTHER INTERSECTION COMES IN.
UM, SO THE, THERE'S A FLAT FEE, $2,500 PER AGREEMENT, AND THEN THERE'S ALSO A DOLLAR FIGURE PER UNIT.
IS THAT RIGHT? SO I'M LOOKING, SO I'M LOOKING, THAT'S FOR THE INCENTIVE.
SO THERE'S A 25, $500 ASSIGNMENT FEE, RIGHT, FOR EACH AGREEMENT.
AND THEN THERE'S A HUNDRED DOLLARS PER HOUSING UNIT, UH, FEE THAT'S MEASURED, MEASURED BASED ON THE NUMBER OF UNITS THAT ARE BEING TRANSFERRED.
ARE ALL THOSE, ARE ALL THOSE THE SAME OR ARE WE DISCOUNTING OR EXEMPTING AFFORDABLE UNITS? WE WE'RE NOT, UM, WE DIDN'T LOOK AT DOING THAT.
IT'S JUST GONNA BE BASED ON THE, UM, THE ACTUAL NUMBER OF UNITS, NOT WHETHER THEY'RE AFFORDABLE OR NOT, AS FAR AS THE FEE ASSESSMENT.
I'D, I'D LIKE TO CONSIDER THAT AND LOOK AT WHAT THE IMPACT WOULD BE.
'CAUSE ONE OF THE, UM, CONSEQUENCES THAT WE DON'T WANT TO PRODUCE IS THAT WE ARE SOMEHOW ADDING TO THE COST OF AFFORDABLE HOUSING.
UM, SO IF, IF THAT'S SOMETHING THAT WE CAN, UH, EXAMINE AND SEE IF THERE IS MAYBE A DOWNSTREAM IMPACT THAT WE DON'T WANT TO INTEND AND KEEP FROM THAT, KEEP THAT FROM HAPPENING.
UM, OTHER THAN THAT, GREAT JOB, UH, CONTINUE ON.
AND, AND THANK YOU ALL VERY MUCH FOR THE PRESENTATIONS.
THANK YOU ALL FOR YOUR PRESENTATIONS.
ALEX, I'M GONNA HAVE YOU COME UP FIRST.
UM, THANK YOU FOR THE PRESENTATION AND GOOD JOB ON YOUR FIRST ONE HERE FOR US.
UM, THANK YOU FOR ALL YOUR TEAM.
UH, IT'S INCREDIBLE EVERYONE WHO LEADS IN THE DIFFERENT, UH, AREAS, UM, UNDER THE, THOSE AGENCIES.
AND SLIDE NUMBER FOUR, YOU TALKED ABOUT THE DELEGATE AGENCIES.
AND REMIND ME, THE DELEGATE AGENCIES ARE THOSE THAT ARE, UM, SPECIFICALLY WORKING WITH THE WORKFORCE DEVELOPMENT, CORRECT? CORRECT.
AND HOW MANY DO WE HAVE THERE? I BELIEVE WE HAVE SEVEN, EIGHT, SORRY.
SO I, I KNOW IT'S A, IT'S, IT'S A FEW.
NOT AS MANY AS THE OTHER SIDE, SO.
AND I'M GLAD WE'RE SEEING AN INCREASE AND ALSO SEEING THAT INTEREST THAT WE'RE GETTING FOR OUR, UM, E D I F OUR INCENTIVE FUND TOO.
AND I'M VERY EXCITED ABOUT THE INCLUSIVE, UH, GROWTH STRATEGY.
AND ALL THE WORK AND ALL THE WORK THAT WE'VE DONE FOR THIS, UH, TO MOVE FORWARD.
BECAUSE, YOU KNOW, GOING BACK TO THE OTHER THOUGHT, UH, THAT WE HAD EVEN BEFORE THAT WAS WHEN YOU TALKED ABOUT EQUITY AND EQUITY BEING A PART OF THE WHOLE, UM, OPPORTUNITY FOR THE ENTIRE CITY.
I THINK THAT'S WAS THE GREAT, UM, YOU KNOW, PACE SET FOR THIS AREA BECAUSE WE WANNA ACT, ACTIVATE THE PARTS OF THE COMMUNITY THAT WERE LEFT BEHIND SO LONG AGO.
AND WE ARE REALIZING, AND THOSE PARTS OF THE COMMUNITY ARE REALIZING THE OPPORTUNITIES THAT OUT THERE, IT'S JUST, WE'RE JUST ACTING AS MATCHING AGENTS RIGHT NOW.
I SEE US AS AS THAT, AND TO THE MAYOR'S POINT ON SLIDE NUMBER SIX, FOR THE JOBS 4,500, THAT WAS OUR GOAL.
WHAT I'M I LIKE ABOUT THIS NEW INCENTIVE AND THIS INCLUSIVE GROWTH STRATEGY AND WHAT WE'RE INCENTIVIZING IS THAT YES, IT'S HIGH WAGE JOBS, BUT IT'S OTHER JOBS AS WELL THAT ARE LIVING WAGE STILL.
BUT NOW WITH ALL OF THESE INCENTIVES THAT WE'RE GETTING WE'RE, WE KNOW THAT WE'RE GOING TO ACTIVATE THE RESIDENTS IN AND AROUND THE AREA AND NOT HAVE THESE BIG CORPORATIONS BRINGING, UM, EMPLOYEES FROM OTHER PARTS OF, OF OTHER STATES, OTHER PLACES.
AND THEN HAVING THEM COME TO SAN ANTONIO, WE'RE ACTUALLY ACTIVATING OUR RESIDENTS, WHICH I THINK IS VERY IMPORTANT.
IT'S THAT MIX THAT YOU MENTIONED IS EXTREMELY IMPORTANT.
I KNOW FOR THE OPPORTUNITY ZONES.
AND HERE, ONE OF THE THINGS THAT WE'RE, I KNOW NATIONAL LEAGUE OF CITIES AND OUR OFFICE WANTS TO MAKE SURE THAT THERE'S A LOCAL COMPONENT, THAT THE LOCAL COMMUNITY IS STILL GONNA BE ENGAGED SOMEHOW WITH WHAT ARE WE GOING TO BE INVESTING IN OR WHAT'S THE INVESTMENT GOING TO BE WITH THESE OPPORTUNITY ZONES.
SO JUST THAT WE HAVE THAT AT TOP OF MIND AS YOU'RE DOING THE WORK AND I KNOW YOU, YOU ARE AND
[01:50:02]
APPRECIATE THAT.UM, I AM LOOKING FORWARD TO THAT STRATEGIC PLANNING PROCESS THAT S A E D F IS GOING THROUGH.
SO CARMEN, PLEASE THANK JENNA FOR ALL OF THE TEAM THAT SHE'S GETTING TOGETHER FOR THE STRATEGIC PLAN.
I THINK IT'S GONNA BE IMPORTANT FOR US MOVING FORWARD.
UM, AND THEN THE SMALL, FOR THE SMALL BUSINESS, WE HAVE MADE GREAT STRIDES THERE AND I KNOW THAT MENTORING PROGRAM HAS BEEN HELPING AND Y'ALL HAVE BEEN VERY, VERY, MICHAEL, Y'ALL HAVE BEEN VERY, VERY FOCUSED ON EVERYTHING THAT'S HAPPENING THERE.
AND, AND CONTINUE TO LOOK AT OPPORTUNITIES WHERE IF THERE ARE, UM, PROCUREMENT, PROCUREMENT OPPORTUNITIES THAT THE CITY HAS WHERE THERE AREAS THAT WE CAN UNBUNDLE AND GIVE THE OPPORTUNITIES TO OUR SMALL BUSINESSES TO BE A PART OF THAT CONVERSATION.
UM, I THINK THAT'S IMPORTANT BECAUSE WE CAN HAVE THE SMALL BUSINESSES PARTICIPATE IN A LARGE, UM, BIDDING OPPORTUNITIES.
UM, AGAIN, I'M VERY PROUD OF THE SMALL BUSINESS DEVELOPMENT FEE WAIVERS.
I THINK THAT'S GOING TO, THAT'S SOMETHING THAT'S GONNA BE SO FAR 'CAUSE GO SO FAR.
'CAUSE SO MANY TIMES OUR SMALL BUSINESSES SAID, WHAT ABOUT US? YOU'RE GIVING MONEY AWAY TO THESE BIG COMPANIES, BUT WHAT ABOUT US THAT ARE CREATING THESE A HUNDRED JOBS THAT YOU MENTIONED? UM, AND YOUR INTENTIONALITY IS SIGNIFICANT AND JUST CONTINUE AND KEEP THAT UP.
UM, I, I DO HAVE ABOUT 60 QUESTIONS FOR DOUG.
JUST, JUST COME UP, UM, REALLY JUST, UH, VERY QUICKLY ON THE, UM, ON THE EMBEDDING EQUITY AND SUSTAINABILITY.
I WOULD LIKE A FOLLOW UP FROM YOU ON, SEE WHAT YOU MENTIONED THIS, UH, SAYING, SEE WHERE THERE ARE KEY EQUITY INDICATORS.
I'D LIKE TO SEE WHAT THOSE KEY EQUITY INDICATORS ARE AS YOU CONTINUE TO COMPILE THEM.
IF YOU COULD FOLLOW UP AND SHARE THEM WITH US.
AND I'LL SAVE ALL MY, UH, COMMENTS FOR THURSDAY.
AND OH, AND SORRY DOUG, ONE MORE THING FOR THE 235,000, JUST VERY QUICKLY AS WE'RE DOING THIS COMMUNICATIONS PROGRAM, UM, WHAT I KNOW WE HAVE TO DO DURING THIS OUTREACH CAMPAIGN IS SHARE WITH OUR COMMUNITY WHAT SUSTAINABILITY, WHAT THIS SA CLIMATE READY PLAN IS AND WHAT IT IS NOT.
UM, SO I THINK JUST MAKING SURE THAT THAT MESSAGING IS A PART OF IT AND THAT'S ALL.
AND THEN, UH, FINALLY FOR, UH, C C D O, JOHN JACKS, NICE TO SEE YOU HERE AGAIN.
A COUPLE OF QUESTIONS WITH THE RIVER BARGE.
THE RIVER BARGE TICKET INCREASE PRICE INCREASE, UM, ERIC AND MARIA, THE 50 CENT INCREASE.
SO THOSE INCREASE IS GOING TO OUR HOMELESS, HALFS GOING TO HAVEN AND THE OTHER HALF IS FOR THE FUTURE.
IS THAT CORRECT? IS THAT CORRECT, ERIC? YES.
THERE IS ALSO AN ADDITIONAL INCREASE IN THE BARGE, UH, AND TOWER.
WELL, NO, SO WE'VE GOT 50 CENTS ON THE BARGE.
TICKETS 50 CENTS ON THE TOWER AGREEMENT.
IN ADDITION, THE CONCESSION AGREEMENT WITH THE CITY HAS A SCHEDULED $1 INCREASE.
AND THAT, SO, SO JOHN, JOHN TALKED ABOUT BOTH OF THEM THERE.
THAT $1 INCREASE IS REVENUE TO THE GENERAL FUND.
AND ARE WE GOING, AND I KNOW SOMEBODY MENTIONED IT, UH, WHILE BACK ABOUT GETTING JUST AN UPDATE FROM C C D O, FROM YOU ALL ON THE STATUS AND HOW IT'S WORKING OUT WITH THIS NEW PLAN OF HOW NOW WE'RE BARGE OWNERS AND HOW IT'S WORKING OUT.
I CAN, I CAN GIVE YOU A MUCH MORE DETAILED UPDATE, BUT I CAN TELL YOU THAT THAT REVENUE IS DOING REALLY GOOD.
UM, IN FACT, IT'S INCREASED 54% SINCE 2017.
AND THIS PAST JULY WAS A RECORD YEAR FOR THE, FOR EVER, UM, SOLD MORE TICKETS THAN WE HAVE EVER BEFORE.
DO MORE THAN DURING FINAL FOUR.
FOR THE RIVER BARGE TICKET PRICE INCREASE.
ARE, IS THERE STILL A DIFFERENCE OF LOCAL VERSUS UM, OUT OF TOWN? THERE IS.
WE HAVE A, WE ARE ARE HAVING THAT TICKET INCREASE.
SO, UM, BASICALLY EVERY TICKET WILL INCREASE.
EVERY TICKET TYPE WILL INCREASE A DOLLAR.
AND FOR PARKING OPERATIONS, I THINK YOU MENTIONED THIS, THIS IS GOING, THIS IS ALSO GOING TO INCLUDE MAINTENANCE, A MAINTENANCE OF OUR PARKING GARAGES.
IS THAT CORRECT? 'CAUSE I KNOW SOME OF OUR PARKING GARAGES NEED HELP.
YEAH, SO WE ARE LOOKING AT, UM, SO OUR, ONE OF OUR BIG OPERATING
[01:55:01]
EXPENSES IS MAINTENANCE, UM, OF OUR FACILITIES.UM, IT IS A 24 HOUR FACILITY OPEN, 365 DAYS A YEAR.
SO, UM, THEY DO SEE A LOT OF USE.
UM, AND UH, WE ARE PROPOSING, UM, SOME CAPITAL IMPROVEMENTS, UM, THIS YEAR TO THOSE GARAGES THAT'LL BE IN AREAS, UM, EITHER REPAIRING, UM, AND REPLACING, UPGRADING ELEVATORS, UM, LIGHTING, UH, SECURITY CAMERAS, UM, PAINTING AND STRIPING, THINGS LIKE THAT.
AND REMIND ME, THE HEMISPHERE PARKING LOT, UH, SURFACE PARKING LOTS, ARE THOSE GOING INTO THIS PARKING OPERATE PARKING FUND OR DO THEY GO TO HEMISPHERE? THEY GO TO HEMISPHERE.
THE MARTINEZ LOTS AND THE ALAMO LOTS.
THOSE SMALL SURFACE PARKING LOTS THO THAT REVENUE GOES TO.
UM, AND HOW MUCH ARE THEY GETTING? UH, I, I'D HAVE TO FOLLOW UP ON IF YOU COULD FOLLOW UP WITH US AND GIVE ME THAT INFORMATION.
THEY DO GIVE US SOME AND THAT'S FOR OPERATING EXPENSES.
BUT I, BUT I'LL GET THAT FOR YOU.
AND FOR THE PARKING ENFORCEMENT, THESE 26 OFFICERS, UM, YOU SAID THAT THEY'RE ALSO DOING DOCKLESS VEHICLE ENFORCEMENT.
ARE THEY ALSO STOPPING THE PEOPLE AS THEY'RE RIDING THESE VEHICLES? ON THE SIDEWALKS? WE'RE NOT AUTHORIZED.
SO THIS IS SPECIFICALLY TO CORRECT PARKING VIOLATIONS.
UM, AND THERE'S ACTUALLY THESE 26 OFFICERS ARE NOT SPECIFICALLY FOR SCOOTERS.
WE DO HAVE FOUR, UM, TEMPORARY EMPLOYEES RIGHT NOW THAT ACTUALLY DO SCOOTER CORRECTIONS.
UM, IF ENFORCEMENT IS REQUIRED, THEN THEY WILL CALL AN ENFORCEMENT OFFICER, UM, TO COME OVER.
AND I SEE OUR BIKE, OUR BICYCLE OFFICERS OVER HERE THAT GET TO STUFF, ALL THOSE PEOPLE ON THE SIDEWALK.
AND THEN FINALLY, FOR THE MARKET SQUARE REVENUE AND THIS, UM, 6,800 PER DAY PLAZA RENTAL FEE, UM, YOU KNOW, Y'ALL WERE TALKING ABOUT EMBEDDING EQUITY, AND BECAUSE THIS IS NEW, I HAVE CONCERNS ABOUT WHAT KIND OF IMPACT THIS IS GOING TO HAVE ON THE PROGRAMMING AT THE MARKET SQUARE AND OUR AUTHENTIC NATURE OF THE, THE MARKET SQUARE.
DID YOU GO THROUGH THIS OR DID YOU TALK TO THE TENANTS THROUGH THIS PROCESS ABOUT THIS PLAZA RENTAL FEE? AND, UM, WE DID, AND, AND THIS, THIS FEE WILL PRIMARILY APPLY TO OUTSIDE, UM, EVENT PRODUCTIONS, UM, THAT ARE COMING INTO, UM, MARKET SQUARE, LIKE THE TEJANO MUSIC AWARDS FESTIVAL.
SO THESE ARE REALLY, REALLY FOR REALLY LARGE EVENTS, UM, THAT ARE USING THE ENTIRE FOOTPRINT OF MARKET SQUARE.
WE DON'T, WE HAVE A FEE FOR EACH INDIVIDUAL KIND OF AREA WITHIN MARKET SQUARE, BUT WE DON'T HAVE A FEE FOR THE, FOR USING THE ENTIRE, UM, SO I'M JUST GONNA SAY THIS, THIS IS MY CONCERN.
THIS IS MY CONCERN THAT I SAID THAT I WAS CONCERNED ABOUT SOCIAL RE-ENGINEERING OF THE MARKET SQUARE, AND THAT IF WE HAVE A NEW CHARGE OF 6,800 ON THIS, ON THIS, THE HANO FESTIVAL OF PEOPLE GATHERING AND USED TO LISTENING TO THE HANO HERE AT THE MARKET SQUARE, AND NOW WE HAVE $6,800 ON THIS, UM, I'M CONCERNED THAT WE ARE NOW SETTING A PRECEDENT OF THIS SOCIAL RE-ENGINEERING THAT'S HAPPENING.
SO, UH, I JUST, UM, I NEEDED TO MAKE THAT AND WHY, I ALSO WANT TO KNOW WHAT DID THE, THOSE TENANTS WHO WOULD NOW BE CHARGED WITH THIS, I MEAN, OBVIOUSLY YOU DON'T WANNA BE HIT UP WITH A FEE, I GET IT, RIGHT? WELL, THIS, THIS FEE WOULD BE CHARGED TO THE TENANTS.
THIS WOULD ACTUALLY BE CHARGED TO THE WHOEVER'S PRODUCING THE EVENT.
AND IT WOULD GO INTO THE, UM, TO THAT ENTERPRISE FUND.
SO THEN IT WOULD, TENANTS WOULD BENEFIT IN THAT THESE FUNDS, RIGHT NOW, WE HAVE TO SUBSIDIZE THOSE EVENTS BY USING MARKET SQUARE FOR FUNDS INSTEAD OF DOING THINGS, UM, THAT WE COULD DO AS FAR AS MAINTENANCE AND RIGHT.
AND SO, I JUST WANNA TAKE NOTE THAT I AM NOT COMFORTABLE WITH THIS FEE RIGHT HERE FOR THOSE, FOR THE, UM, SOCIAL RE REENGINEERING THAT MAY HAPPEN, OR WHAT THIS IS SETTING UP THAT WE COULD PUSH GROUPS OUT.
SO THAT'S WHAT I WANTED TO MAKE CLEAR.
UH, JUST A REMINDER TO MY COUNCIL COLLEAGUES, WE HAVE ABOUT 35 MINUTES.
I'LL MAKE IT REALLY, REALLY QUICK.
UM, THIS IS FOR ECONOMIC DEVELOPMENT.
UM, SO MY QUESTION IS IN REFERENCE TO, UH, SECOND CHANCE INITIATIVES WITHIN THE ECONOMIC DEVELOPMENT WHEN IT COMES TO CONTRACTING, CONTRACTING, UM, LICENSES, UM, EQUITY ACROSS THE BOARD AS IT RELATES TO THOSE SMALLER BUSINESSES COMING INTO, UM, GETTING CONTRACTS FOR THE CITY, UM, IF THAT HAS BEEN LOOKED AT.
AND THEN WHAT OTHER OPPORTUNITIES, WHAT OTHER PROGRAMS, UM, HAVE BEEN GENERATED TO HELP OUT WITH THOSE ECONOMICALLY DISADVANTAGED AREAS AND HOW THAT IS COMING INTO PLAY UNDER THIS
[02:00:01]
DEVELOPMENT? SO, UM, WHAT WE TRY TO SUPPORT IS THAT, OR WE TRY TO ENCOURAGE BUSINESSES TO GET CERTIFIED AS SMALL, MINORITY AND WOMEN OWNED BUS, WHATEVER THEY'RE ELIGIBLE FOR, BECAUSE THAT REALLY OPENS THEM UP TO THE OPPORTUNITY, UH, TO USE THE DIFFERENT TOOLS AVAILABLE.UM, WE DON'T HAVE ANY KIND OF SPECIFIC CERTIFICATION FOR, FROM A REENTRY PERSPECTIVE, BUT WE DO HAVE A DELEGATE AGENCY CHRYSALIS THAT SPECIFICALLY FOCUSES ON PROVIDING SERVICES, UM, ASSOCIATED WITH REENTRY, UM, INITIATIVES.
AND THEN AS FAR AS WHEN IT COMES TO THE LOCAL SMALLER BUSINESSES, AND THE INCENTIVE PROGRAM, AS THEY RELATE TO HIRING THOSE SECOND CHANCE CITIZENS AS, AS SUCH AS MA HARPER'S, UM, WOULD THEY BE ELIGIBLE FOR ANY OF THIS INCENTIVE PROGRAM? SO THE WAY THAT OUR, OUR TAX ABATEMENT PROGRAM IS SET UP NOW, UM, THERE ARE, THERE'S SPECIFIC FOCUS, UM, TO, TO HIRE WITHIN CERTAIN POPULATIONS OR CERTAIN GEOGRAPHIES.
SO YES, THERE, THERE IS EMPHASIS PLACED THERE.
ANDREW SULLIVAN AND COUNCILWOMAN SHIRLEY GONZALEZ.
AND, UH, LET ME JUST START WITH DOUG.
UM, YOU DIDN'T MENTION THESE, UH, BLOOMBERG GRANT IN YOUR PRESENTATION THAT WAS MENTIONED ON SLIDE.
SO BASICALLY, UM, THOSE ARE, WE ARE FOCUSING ON EIGHT STRATEGIES RIGHT NOW, UH, WITH THE BLOOMBERG, UM, AMERICAN CITIES CLIMATE CHALLENGE.
SO THE AMERICAN CITIES CLIMATE CHALLENGE IS A BLOOMBERG GRANT.
I GUESS THAT'S WHERE I MISSED IT.
'CAUSE I KEPT LOOKING FOR THAT.
I THOUGHT THAT WAS REALLY SIGNIFICANT AND SURPRISED YOU HADN'T MENTIONED IT.
WELL, THANK YOU FOR CLARIFYING THAT.
THAT'S REALLY ALL THE QUESTION I HAD FOR YOU.
UM, ANOTHER QUESTION JUST THAT, UH, I HAVE, UH, FOR, UH, JACKS, UH, REGARDING THE PARKING, UH, I KNOW IN MY TRANSPORTATION COMMITTEE I'VE ASKED FOR, UM, A OVERVIEW, OVERVIEW OF THE PARKING.
UM, AND, UH, I KNOW THAT, OR I'M SORRY, IT ACTUALLY CAME FROM COUNCILMAN SANDOVAL ASKING FOR THAT TO COME THROUGH THE COMMITTEE, AND I REQUESTED IT.
UH, BUT I HAVE A LOT OF QUESTIONS AND CONCERNS ABOUT THE PARKING.
UM, IN FACT, ERIC, I MENTIONED THIS AT THE RETREAT THAT I WANTED TO UNDERSTAND BETTER THE PARKING FUND AND WHY THAT BECAME AN ENTERPRISE FUND.
UM, I'M NOT SURE WHERE WE'RE GONNA GET THAT PRESENTATION IF THAT COMES IN THE TRANSPORTATION COMMITTEE BECAUSE, UH, I, I, I SUSPECT THOSE FUNDS COULD BE USED DIFFERENTLY.
UH, AND, YOU KNOW, I THINK I ASKED FOR WHAT WAS THE PURPOSE OF THAT TO BECOME AN ENTERPRISE FUND.
I ASKED THIS A COUPLE OF YEARS AGO, AND WHAT IS, UH, IF IN FACT, THE FUNDS HAVE TO BE USED TO MAINTAIN PARKING? SO THE PARKING FUND WAS, UM, ESTABLISHED AS AN ENTERPRISE FUND IN 1980.
SO IT'S BEEN, UH, THAT FUND FOR QUITE A WHILE.
UM, AND IT WAS ESTABLISHED TO, UM, SO THAT THOSE EXPENDITURES ASSOCIATED WITH OPERATING AND MAINTAINING THE GARAGES WOULD COME FROM THAT REVENUE.
UM, SO IT IS SET UP AS AN ENTERPRISE FUND, BUT IT WAS ALSO ONE OF THOSE THINGS THAT WAS NOT, UH, THAT WAS BY ORDINANCE.
RIGHT? OR IT WAS A RECOMMENDATION BY THE COUNCIL.
THAT'S SOMETHING THAT WE COULD UNDO IF WE FELT THAT THE MONEY COULD BE BETTER SPENT, FOR EXAMPLE, UH, ON CONNECT SA OR, UH, THAT PERHAPS WE COULD, UH, USE THAT FOR TRANSPORTATION OR SOMETHING ELSE.
IT COULD BE PART OF THE GENERAL FUND.
IT DOESN'T HAVE TO GO TO THAT, IF I REMEMBER CORRECTLY, AND LAST YEAR, YOU ALL DID, UM, ALLOCATE SOME OF THOSE FUNDS TO PAY FOR THE ADVANCED TRANSPORTATION DEMAND POSITION.
SO THAT WOULD BE AN EXAMPLE WHERE YOU HAVE DONE THAT BEFORE.
SO I WOULD LIKE TO GET ALL THE POTENTIAL AND SCOPE OF HOW WE ADDRESS PARKING, UH, IN THAT COMMITTEE MEETING, UH, BEFORE WE MAKE ANY DECISIONS ABOUT HOW TO UTILIZE THIS FUND.
AND YOU MENTIONED THAT THERE WAS MONEY LEFT OVER, BUT YOU DIDN'T SAY WHAT IT WAS.
WHAT WAS YOUR, YOU SAID THERE WAS A, UM, RESERVE, BUT YOU DIDN'T SAY WHAT THE RESERVE WAS.
SO THE, THERE'S AN OPERATING RESERVE THAT WILL BE ESTABLISHED.
UM, AND SO THAT WILL, UM, BECAUSE IT IS, IT IS AN ENTERPRISE FUND AND IS A REVENUE BASED FUND.
SO THERE WOULD BE, UM, THERE MAY BE TIMES WHEN REVENUE IS NOT SO GOOD.
UM, AND WE NEED TO, UM, BUT WE STILL HAVE TO PAY FOR MAINTENANCE OF THOSE FACILITIES, PAY FOR THE AMBASSADORS TO, BUT WHERE IS THE, HOW MUCH IS THERE NOW? SO, SO WE'RE, THERE'S, THERE'S NOT A SPECIFIC REVENUE, UM, I'M SORRY, RESERV, UM, RESERVE FUND NOW.
UM, SO WE ARE PROPOSING, UM, A RESERVE FUND.
HOW MUCH IS IN THE PARKING FUND? 13.
[02:05:01]
A FUND BALANCE OF $13.3 MILLION.THAT'S WHAT I WAS LOOKING FOR.
SO THE FUND BALANCE IS AT 1.8 MILLION.
SO WE DO HAVE A RESERVE OF THREE MONTHS OF OPERATING EXPENSES, AND THAT RESERVE IS ABOUT 2.1 MILLION.
SO, UM, YEAH, I MEAN, I RECOGNIZE THERE'S A CAPITAL EXPENSE THAT HAS TO GO WITH MAINTAINING FACILITIES.
THIS IS WHY I'VE BEEN ASKING A NUMBER OF TIMES ABOUT THE FACILITIES THAT WE MAINTAIN.
UM, THAT'S OBVIOUSLY A FACILITY THAT WE HAVE TO MAINTAIN THROUGH THIS ENTERPRISE FUND, BUT I JUST WONDER IF THAT CAN BE DONE ALL DIFFERENTLY.
UH, I KNOW THAT MANY OF US WOULD LIKE TO SEE A, WELL, I SHOULD SPEAK FOR MYSELF.
I WOULD LIKE TO SEE US SPEND LESS ON PARKING AND MORE ON TRANSPORTATION OPTIONS.
UH, AND, UH, I THINK THIS IS A WAY THAT WE COULD DO THAT, UM, WITHOUT NECESSARILY CREATING ANOTHER FEE, UM, THAT WOULD BE THEN, UH, FORCED ON ALL OF OUR CONSTITUENTS.
SO, UM, IT WOULD GIVE, SO, WE'LL, I HOPE THAT WE HAVE THAT DISCUSSION, UH, IN OUR COMMITTEE MEETING, UH, AND THAT WE CAN HAVE THAT, ERIC, BEFORE WE MAKE ANY COMMITMENTS ON HOW WE DEAL WITH THIS, THE PARKING FUND, UH, I, I THINK THERE'S A, PERHAPS A DIFFERENCE OF, UH, OF OPINIONS ON THE COUNCIL OR A DIFFERENT, UM, MOTIVATION.
MOTIVATION THAT THERE WAS IN 1980 WHEN WE ESTABLISHED THIS FUND.
AND PERHAPS IT COULD BE SPENT BETTER.
SO COULD WE, ERIC, CAN YOU GIVE US AN IDEA WHEN, HOW WE COULD HAVE THAT DISCUSSION? IN WHAT FORMAT? UM, DO WE DO IT THROUGH COMMITTEE, BUT THEN STILL HAVE THE OPPORTUNITY TO ADDRESS IT BEFORE WE ADOPT THE BUDGET? I, I THINK WHAT WE DO, SOME OF THAT IS, UH, BECAUSE WE HAVE A FOLLOW UP, WE'VE GOTTA PROVIDE BACK TO THE COUNCIL AS A RESULT OF THE WORK SESSIONS THIS WEEK.
SO I THINK WE INITIALLY STARTED THERE AND GET THAT INFORMATION BACK TO YOU BY END OF WEEK.
UH, SO THAT YOU'VE GOT SOME OF THE HISTORY AND BACKGROUND.
YOU KNOW, UM, THERE ARE, THERE ARE A NUMBER OF ITEMS IN THE PROPOSED BUDGET WHERE WE, UM, LOOKED TO, UM, HAVE EXPENSES FUNDED THROUGH THE PARKING FUND RATHER THAN, UH, THE GENERAL FUND.
UH, THE, UH, CONGEST, THE CONGESTION MITIGATION, UH, AIR QUALITY GRANT, UH, WHERE WE NEEDED TO COME UP WITH A LITTLE OVER $5 MILLION FOR OUR MATCH IS BEING FUNDED BY, A PART OF IT IS BEING FUNDED THROUGH THE PARKING FUND.
UM, THE, THE BALANCE AND THE, THE TRICK IS, IS, IS THAT THE, THE REVENUE COLLECTED, UM, FROM THE REV, FROM THE PARKING FUND IS FROM, UH, PARKING RATES ON THE STREET OR IN THE GARAGES.
AND, AND WE HAVE TO UTILIZE THAT MONEY TO SUPPORT.
WE CAN'T USE THAT MONEY TO, UM, UH, GO PAY FOR POLICE OFFICERS OR FIREFIGHTERS OR STUFF LIKE THAT.
BUT THAT'S, UM, BUT THAT'S BECAUSE THE COUNCIL DECIDED THAT WE COULD ALSO, I JUST SAY THE PART OF THAT IS, IS TRYING TO FIGURE OUT BACK WHAT ARE THE LEGAL REQUIREMENTS.
UM, ONCE WE'VE COLLECTED THAT MONEY, WE'VE GOTTA, WE'VE GOTTA STILL HERE GOING FORWARD.
BUT I THINK YOU, YOU'RE RAISING, UH, A LARGER ISSUE OF, OF, UH, WHAT, WHAT POTENTIAL CHANGES COULD THE COUNCIL MAKE DOWN THE ROAD AS LONG AS WE'RE RESOLVING, UM, WE HAVE SOME SELF-SUPPORTING DEBT THAT IS FUNDED THROUGH THE PARKING FUND.
UM, SO, WE'LL, I, I THINK WE OUGHT TO INITIATE SOME OF THAT INFORMATION BACK TO YOU THIS WEEK AND THEN FIGURE OUT HOW TO GET IT TO YOU AS SOON AS POSSIBLE THROUGH EITHER THE TRANSPORTATION COMMITTEE OR, UM, OR THE FULL COUNCIL.
WELL, I WOULD ANTICIPATE THAT WE COULD HAVE THAT BEFORE WE MAKE ANY DECISIONS ON THE BUDGET.
SO NOT SURE WHEN THE TRANSPORTATION NEXT TRANSPORTATION COMMITTEE MEETING IS, IF IT'S BEFORE OR AFTER WE ADOPT THE BUDGET.
UM, SO WE CAN WORK WITH IT IS RAS JUST SAYING IT IS AFTER WE CAN WORK WITH YOU IF YOU WANTED TO HAVE A SPECIAL MEETING.
WELL, THANK, YEAH, THANK YOU VERY MUCH FOR THAT.
AND, UM, UH, AND THANK YOU VERY MUCH, JOHN.
AND I JUST ALSO WITH, UH, ALEX, I KNOW THAT WE, I KNOW THAT WE HAVE SOME TARGETED, TARGETED INDUSTRIES, UH, AND THAT WAS ALSO BY COUNCIL, COUNCIL RECOMMENDATION.
WHEN, WHEN DID WE MAKE THOSE RECOMMENDATIONS THAT WE WOULD HAVE TARGETED INDUSTRIES? IT ACTUALLY STEMS FROM OUR PARTNERSHIP WITH THE ECONOMIC, THE ECONOMIC DEVELOPMENT FOUNDATION.
AND THAT'S PART OF WHAT THE CURRENT STRATEGIC PLANNING PROCESS IS VALIDATING TO MAKE SURE THAT THOSE ARE STILL, IN FACT, THE INDUSTRIES THAT WE SHOULD BE TARGETING BASED ON OUR ASSETS.
UH, AND WHEN THAT, THAT'S ONGOING, THAT'S TAKING PLACE RIGHT NOW BECAUSE WE'RE, WE'RE UPDATING OUR STR THE, THE STRATEGIC PLAN.
UM, I WOULD LIKE TO SEE HOSPITALITY INCLUDED IN THERE SOMEWHERE.
IT'S NEVER MADE SENSE TO ME THAT HOSPITALITY IS OUR, THE THIRD INDUS NUMBER ONE JOBS INDUSTRY IN THE CITY, AND YET IT'S NOT A TARGETED INDUSTRY.
[02:10:01]
THAT IT HAS TO DO WITH JOBS.BUT IF WE'RE HAVING AN ALTERNATIVE STRATEGY TO GIVE, UH, UM, WORKFORCE DEVELOPMENT INCENTIVES, THE HOSPITALITY INDUSTRY WOULD BE A PERFECT EXAMPLE OF THAT.
SO IF WE COULD FIND A WAY TO INCLUDE THAT IN ONE OF OUR TARGETED INDUSTRIES, UH, IT COULD BE REALLY HUGE FOR US HERE IN SAN ANTONIO.
GIVEN THE NUMBER OF PEOPLE WHO WORK IN THE INDUSTRY, I WILL DEFINITELY HAVE A CONVERSATION WITH THE CONSULTANTS WORKING ON THE PLAN, UM, TO SEE WHAT THEIR FEEDBACK IS AND HOW THEY COULD, THEY COULD DO SOMETHING LIKE THIS, HOW THEY WOULD RECOMMEND IT.
I THINK THE REST ARE, ARE MORE GENERAL QUESTIONS ABOUT THE OPPORTUNITY ZONES THAT I KNOW WE'LL HAVE SEPARATE BRIEFING ON THOSE PERHAPS IN OUR ECONOMIC DEVELOPMENT COMMITTEE.
UM, I'M GONNA START WITH, UH, DOUG, THANK YOU VERY MUCH FOR, UH, YOUR PRESENTATION AND THE WORK THAT ALL OF YOUR, UH, STAFF HAS DONE, UH, INCLUDING ROD AND, AND G P A IN PREPARING THE SUSTAINABILITY, UH, I'M SORRY, THE CLIMATE ACTION, UH, CLIMATE READY ESSAY.
UM, AND WE'LL HEAR MORE ABOUT THAT, UH, TOMORROW.
UM, I'M GLAD YOU HIGHLIGHTED, UH, CMAC FUNDS.
SO TELL US HOW MUCH ARE WE RECEIVING IN GRANTS TOTAL THAT WE'RE ABLE TO INFUSE INTO THE SUSTAINABILITY BUDGET? SO, FOR CMAC FUNDING, FIND MY BACK UP.
WHERE IS THIS? SO WE ARE, UH, RECEIVING A TOTAL OF, UM, FOR BOTH PROGRAMS COMBINED, UH, $300,000, BUT THAT INCLUDES, UM, ABOUT $60,000 IN LOCAL MATCH.
THANK YOU FOR, FOR DOING THAT.
IN THE UPCOMING POLICIES THAT YOU'RE GOING TO WORK ON, WHERE ALL THOSE, THE SLIDE WITH ALL THE SQUARES ARE, THERE'S A, A SQUARE THAT SAYS UPDATE TO THE COSA GREEN FLEET PROCUREMENT POLICY.
IT'D BE GREAT TO GET AN UPDATE ON THAT RECOMMENDED.
UM, AND MY NEXT QUESTION IS, UH, FOR CC, UH, DO DO, UM, YES, MA'AM.
UH, SO, UM, I AGREE WITH THE, THE COUNCILWOMAN THAT I WOULD, UH, REALLY LIKE THE, HER COMMITTEE TO HAVE, WHICH OF COURSE I'M ON, SO I'M ADVOCATING FOR IT, UH, FULL DISCLOSURE FOR HER COMMITTEE TO HAVE AN OPPORTUNITY TO WEIGH IN ON HOW THE EXPENDITURES WILL OCCUR FOR THE PARKING INITIATIVES.
UM, SO AGAIN, JUST TO CLARIFY, THAT WILL TAKE PLACE BEFORE THE, UH, BUDGET GETS ADOPTED.
I'M SORRY, COUNCIL, I SAY THAT AGAIN,
SO IF WE, UM, SO PART OF JOHN'S PRESENTATION TALKS ABOUT PARKING INITIATIVES THAT WOULD OCCUR IN THIS FISCAL YEAR.
WILL THOSE BE, UH, DETERMINED WHEN WE ADOPT THE BUDGET, OR IS THERE OPPORTUNITY FOR THE COMMITTEE TO WEIGH IN FOR THE TRANSPORTATION COMMITTEE TO DIRECT HOW THAT WILL BE SPENT? SO MY, MY RECOMMENDATION IS THAT THAT BE DONE AT THE FULL COUNCIL LEVEL AND, AND WE WERE JUST TALKING OVER HERE TRYING TO, UH, FIGURE OUT ON THE BUDGET WORK SESSION WHERE WE CAN BRING THIS ITEM BACK OH, OKAY.
AND, AND SO, UH, WE'RE GONNA WORK TO DO THAT.
UM, SO, SO THAT'S, THAT WOULD BE MY RECOMMENDATION.
SO YOU'RE SAYING, SO YOU DO NOT RECOMMEND FIRST HAVING A DISCUSSION AT TRANSPORTATION COMMITTEE FIRST HAVING A DISCUSSION AT TRANSPORTATION? YES, THAT'S TRUE.
I, I WOULD RATHER HAVE, MY, MY PREFERENCE I THINK WOULD BE TO HAVE IT HERE WITH THE FULL COUNCIL AND, AND HAVE A SPECIAL WORK SESSION JUST TO DIG DEEPER TO COUNCILWOMAN GONZALEZ'S QUESTIONS ON THE PARKING FUND.
AND WE FOLD THAT INTO OUR WORK SESSION AND HAVE IT HERE.
OTHERWISE, UM, THINGS CAN CHANGE.
THERE MAY BE, DEPENDING ON THAT, WHAT THAT FULL COUNCIL DISCUSSION IS.
THERE MAY BE SOME POLICY RELATED ISSUES THAT YOU WILL WANT TO DECIDE TO SEND TO THE TRANSPORTATION COMMITTEE AND LET THEM WORK THROUGH THOSE POLICY ITEMS AND BRING THEM BACK TO COUNCIL DURING THE YEAR.
UM, BUT, BUT I THINK WE OUGHT TO INITIATE THAT HERE WITH THE FULL COUNCIL.
DO YOU HAVE A CONCERN ABOUT, UM, UH, UH, I DO.
I MEAN, UM, I KNOW WE, WE HAVE A TIMELINE IN TERMS OF ADOPTING THE, THE BUDGET AND, UH, BRINGING IT BACK TO FULL COUNSEL GIVES US THE OPPORTUNITY TO PERHAPS AMEND THE, THE ORDINANCE RIGHT? THAT DEFINES THE, THE, WHAT DO YOU CALL IT, FUND THE ENTERPRISE
[02:15:01]
FUND? IS THAT THE IDEA THAT WHAT YOU CALL SURE.SO MODIFICATION OF THE ENTERPRISE FUND HAS TO TAKE PLACE AT AT FULL COUNCIL.
I, I WAS JUST CONCERNED ABOUT ACTUALLY THE DIRECTION OF WHERE WE WANNA GO WITH PARKING IN THE CITY OR DOWNTOWN.
I FEEL THAT SOUNDS APPROPRIATE TO DISCUSS THAT AT COMMITTEE BEFORE AND HAVE THE COMMITTEE COME FORWARD WITH THE RECOMMENDATION BEFORE THE WHOLE COUNCIL WEIGHS IN IF, IF IT'S A POLICY DECISION.
AND I THINK THE POLICY DECISION IS PROBABLY LARGER THAN JUST THE 2020 BUDGET.
UM, THAT'S, THAT'S, UM, A, A MUCH LARGER LONG-TERM ISSUE AND CERTAINLY IS INTO THE PURVIEW OF THE COMMITTEE AND THE FULL COUNCIL.
UM, WHAT WE HAVE BEFORE US OVER THE NEXT COUPLE OF WEEKS OR A MONTH, IS THE ATTRIBUTES THAT ARE INCLUDED IN THE PROPOSED BUDGET.
THAT CONVERSATION ABOUT THE, THE BUDGET.
I, THAT'S WHAT I'M RECOMMENDING.
WE COME BACK WITH A WORK SESSION, THE LARGER POLICY ISSUES.
THAT'S PROBABLY MULTIPLE CONVERSATIONS AT ALL KINDS OF LEVELS.
WELL, UH, IN ADVANCE OF OUR FOLLOW UP TO THIS, WOULD IT BE POSSIBLE TO GET DETAILS ON WHAT THESE CAPITAL IMPROVEMENTS AND THE ADDITIONAL PARKING SUPPLY IS? SURE.
THAT WAY WE CAN BE, I CAN BE PREPARED.
UM, SO AS, AS YOU'VE PROBABLY HEARD ME SAY, I DON'T REALLY SUPPORT SUBSIDIZING PARKING AT, AT RATES BELOW MARKET RATE, HOWEVER, EXCEPT IN ONE CASE.
AND THAT'S WHEN WE HAVE CITIZENS WHO COME TO PARTICIPATE IN OUR PUBLIC MEETINGS, WHO ARE AT A DISADVANTAGE WHEN WE HAVE, YOU KNOW, PAID LOBBYISTS OR, OR, YOU KNOW, HIGHER DEVELOPERS COMING HERE.
SO, UH, I PREVIOUSLY REQUESTED THAT, UH, STAFF EVALUATE THE OP, THE, UH, A PROGRAM TO PROVIDE VALIDATED PARKING FOR THAT.
WE WERE TOLD WE HAD TO WAIT UNTIL THE PARKING FEES WERE SET SOMEHOW.
I, I WOULD LIKE TO SEE THAT INTEGRATED INTO THIS BUDGET, SOME, SOME PROGRAM FOR THAT, IF THIS IS THE, THE TIME TO DO IT.
AND WE, UM, WE DID WORK EARLY ON, BUT OBVIOUSLY WE HAD AN OPPORTUNITY WHEN WE TOOK OVER THE FROST TOWER, UM, BECAUSE OF THE, THE PROXIMITY OF THAT PARKING GARAGE.
UM, AND SO WE HAVE BEEN WORKING WITH OUR G P A OFFICE TO TALK ABOUT HOW CAN WE ACCOMMODATE, UM, CITIZENS WHO ARE ATTENDING, UM, VARIOUS, UM, COMMISSION OR, OR COUNCIL MEETINGS.
UM, AND SO WE WERE WORKING THROUGH A PLAN ON HOW TO ACCOMMODATE ON THAT.
SOME, SOME OF IT IS, UM, EASY, UM, BECAUSE IF IT'S IN THE EVENING, THERE'S NOT A LOT OF, THERE'S PLENTY OF PARKING AVAILABILITY.
IT'S DAYTIME, UM, MEETINGS THAT, THAT ARE THE CHALLENGE.
BUT, BUT WE'RE WORKING THROUGH THAT.
SO WE'RE WORKING, WILL THAT REQUIRE A CHANGE TO THE PARKING RATES, OR CAN YOU DO IT WITHOUT A CHANGE TO THE PARKING RATES? WE CAN DO? UM, YOU, YOU, THE REASON I ASK IS BECAUSE WE'RE GONNA ADOPT THE PARKING RATES WHEN WE ADOPT THE BUDGET.
SO THAT NEEDS TO BE FIGURED OUT IF IT'S, IF IT DEPENDS ON THAT, UH, US CITY COUNCIL HAVE AUTHORIZED, UM, ERIC AND, AND THROUGH ME THE ABILITY TO DISCOUNT PARKING FOR VARIOUS REASONS, AND THAT WOULD BE ONE OF THEM.
WELL, I, SO E T A ON A PROGRAM LIKE THAT, UH, WE WILL, I THINK I'LL FOLLOW UP WITH YOU QUICKLY.
I'LL GET WITH BACK WITH G P A, UM, TO TALK, TO CONTINUE THAT CONVERSATION ABOUT, UM, WE TALKED ABOUT CITIZENS TO BE HEARD, FOR EXAMPLE.
UM, AND SO I THINK WE HAVE A, I THINK WE HAVE A DRAFT, UM, THAT WE CAN, UM, IRON OUT AND GET, GET BACK WITH YOU QUICKLY ON.
COUNCIL MEMBER SANDOVAL, COUNCIL MEMBER ROHA GARCIA.
JOHN, IF YOU WANNA STAY UP THERE, I JUST HAVE TWO QUICK QUESTIONS.
UH, SIMILAR TO, UH, COUNCILWOMAN VI'S QUESTION ON THE MARKET SQUARE FEE, THE $6,800 PER DAY, UH, I JUST WANTED TO DOUBLE CHECK THAT IT WASN'T GONNA BE AFFECTING ANY NONPROFITS OR ANY ORGANIZATIONS THAT WERE RAISING SCHOLARSHIP FUNDS.
AND I KNOW THAT WE'RE TECHNICALLY ONLY BUDGETED FOR ABOUT FOUR DAYS OF USE IN THE REVENUE AMOUNT THAT WE'VE CALCULATED ON PAGE 1 21, BUT IF IT DOES AFFECT NONPROFITS, IS THERE ANY WAY WE COULD CONSIDER A NONPROFIT RATE? SO, UM, WE COULD, LET ME QUICK, DO WE HAVE A NON-PROFIT RATE? I CAN'T REMEMBER BECAUSE I DIDN'T SEE THAT ON HERE, BUT IF YOU DO, THAT'S GREAT.
BUT SINCE IT'S A NEW FEE CURRENTLY, WE ALREADY DO PROVIDE A WAIVER FOR NON-PROFITS.
WE CAN BE SPECIFIC IN THIS LANGUAGE.
THIS FEE IS REALLY CREATED TO COVER OUR COSTS.
SO I'LL USE AN EXAMPLE OF FINAL FOUR.
SO FINAL FOUR TO COME IN, THEY COULD LEASE THE ENTIRE PLAZA, BUT RIGHT NOW WE'RE ONLY AUTHORIZED TO CHARGE 'EM $3,400.
WE'D LIKE TO BE ABLE TO CHARGE 'EM THE FULL RATE TO RECOVER OUR COSTS, BUT WE STILL HAVE THE ABILITY TO PROVIDE WAIVERS OF FEES, AND WE DO THAT ALREADY.
AND SO WE COULD BE SPECIFIC IN THAT LANGUAGE TO ALLOW FOR WAIVERS FOR NONPROFIT AND TENANT INITIATED EVENTS.
MY NEXT QUESTION IS ON PAGE ONE 17, AND, UM, IT LOOKS LIKE, SO THERE WAS A 50 CENT CHANGES FOR, UM, THE TICKETS TO THE TOWER RIVER BARGE, ET CETERA.
MY CONCERN, AND I KNOW THAT THERE'S A DEMAND FOR MARIACHI, BUT IT WAS A, AN INCREASE OF $11 AND 50 CENTS.
AND, UH, WHILE I WHOLEHEARTEDLY, WHOLEHEARTEDLY BELIEVE THAT THERE'S A DEMAND FOR MARIACHI'S
[02:20:01]
WHEN TOURISTS COME TO SAN ANTONIO, I JUST WANNA MAKE SURE, OR I WANNA ASK, HOW DO THE ARTISTS OR HOW DO THE MARIACHIS EVENTUALLY ALSO BENEFIT FROM THE $11 AND 50 CENTS? YEAH, SO THIS, THIS IS SPECIFICALLY, YOU'RE SPEAKING TO THE MARIACHI BARGE.UM, THERE IS A, A SPECIFIC TICKET THAT AN INDIVIDUAL CAN PURCHASE TO RIDE, UM, ON A MARIACHI BARGE.
UM, AND SO THAT THIS IS A REQUEST THAT THE OPERATOR HAS BROUGHT TO US, INDICATING THAT IT'S BECAUSE OF THE COST, UM, OF THE MARIACHI TO HIRE THE MARIACHI BAND.
UM, SO THIS WILL AND IN FACT HELP PAY FOR THE MARIACHI BAND.
AND THEN THE NEXT QUESTION IS FOR ALEX ON ECONOMIC DEVELOPMENT.
AND WHILE ALEX COMES UP, I'D ALSO WANTED TO TAKE THE OPPORTUNITY TO THANK EXECUTIVE OR OR PRESIDENT C E O OF PROJECT QUEST.
DAVID EMILO, WHO'S HERE AS WELL, REPRESENTING, UM, ALEX, I JUST HAVE, I'M SURE YOU HAVE THIS ALREADY, I JUST HAVEN'T SEEN IT SINCE I'M A NEW COUNCIL MEMBER, BUT I'D LIKE TO SEE SOME OF THE R O I ON THE LAST FEW PROJECTS THAT WE'VE INCENTIVIZED THROUGH THE DIFFERENT PROGRAMS. AND THAT'LL JUST BE KIND OF, FROM MY KNOWLEDGE, IF MAYBE YOU COULD GIMME THE PAST FIVE YEARS WORTH OF INCENTIVES, I WOULD GREATLY APPRECIATE IT.
UM, THEN ALSO, I HAVE A QUESTION ON PAGE 3 57 OF THE BUDGET, AND THIS IS JUST A REQUEST FOR FURTHER BRIEFING LATER, SO WE DON'T GET INTO THIS HERE, BUT I'D LIKE TO KNOW, UM, THE EXTENT OF WHAT BIOMED SA, UH, WILL DO FOR US IN WITH THE $100,000 CONTRIBUTION IN CYBERSECURITY SAN ANTONIO FOR THE $50,000 CONTRIBUTION.
UM, BUT JUST SOME BRIEFINGS LATER BECAUSE I DON'T WANNA TAKE UP TOO MUCH TIME ANYMORE.
AND THAT'S IT FOR ECONOMIC DEVELOPMENT.
DOUG, I HAVE ABOUT FOUR QUESTIONS FOR YOU ALSO, AND, AND THEY CAN BE FOLLOW UP.
YOU DON'T HAVE TO ANSWER HERE, BUT ON PAGE 3 34 OF THE BUDGET, WE HAVE DEDICATED AN INCREASE OF ABOUT THREE HUNDRED AND THREE, THREE HUNDRED, THREE HUNDRED, $3,576.
I UNDERSTAND 235,000 IS GOING TO THE COMMUNICATIONS INITIATIVES AND 50,000 IS GOING TO THE ECONOMIC ANALYSIS, THE $18,000 THAT ARE LEFT OVER.
DO YOU HAVE A SPECIFICALLY ALLOCATED, UM, PROGRAM FOR THAT? I'LL HAVE TO DOUBLE CHECK ON THAT AND GET BACK TO YOU.
I ALSO WOULD LOVE TO SEE A LIST OF WHO'S ON THE CLIMATE EQUITY COMMITTEE.
AGAIN, I'M NEW, SO I'M NOT ENTIRELY SURE WHO'S REPRESENTED.
UM, BUT I HAVE BEEN TRYING TO KEEP UP WITH MY COUNCIL COLLEAGUES AND, UM, I'VE BEEN READING A LOT OF THE THINGS THAT THE INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE HAS PUT OUT.
THEIR MOST RECENT REPORT CAME OUT ON AUGUST THE NINTH YEAR, I'M SURE YOU'RE AWARE OF IT.
AND THEY ARE TALKING ABOUT, UH, STAKEHOLDER AND THE STAKEHOLDERS BEING AT THE TABLE.
EVERY TYPE OF STAKEHOLDERS SPECIFICALLY, THEY'RE LOOKING ALSO.
AND I WANT TO SEE WHAT KIND OF WORK WE ARE DOING TO REDUCE THE GAPS, UH, IN, IN SOME OF THESE, UH, INEQUITIES THAT HAVE ABSOLUTELY HAPPENED.
AND SO, AGAIN, ANYTHING THAT YOU CAN GIVE ME WITH THAT LATER, I'D GREATLY APPRECIATE IT.
UM, ALSO HOW WE'RE ENABLING MAYBE SOME ADDITIONAL FINANCIAL MECHANISMS SO THAT WE DON'T KEEP LEAVING PEOPLE BEHIND.
UM, AS FAR AS, UH, IN, IN, IN THE REGARD OF SUSTAINABILITY IS IMPORTANT TO ME.
UM, AND THEN ALSO, DO YOU WORK WITH ECONOMIC DEVELOPMENT TO INCENTIVIZE BUSINESSES THAT HAVE OKAY.
SO WE'RE USUALLY BROUGHT INTO THE LOOP, UM, JUST TO, UM, MAKE SURE THAT WE'RE, WE'RE COORDINATING AND I THINK WE'RE CONTINUING TO F TO INNOVATE TO DETERMINE IF THERE'S OTHER OPPORTUNITIES AND RESOURCES THAT WE CAN BRING TO THE TABLE TO, TO GET THOSE TYPES OF PROJECTS THAT I THINK REALLY INCREASE OUR OVERALL COMMUNITY SUSTAINABILITY.
ONE OF THE THINGS THAT I THINK WE HAVE LACKED, UH, IS THE FOCUS ON FOOD INSECURITIES.
AND SO THAT'S A BIG COMPONENT.
I'D LOVE TO BE A PART OF THAT BECAUSE DISTRICT FOUR, UH, IS ONE OF YOUR MOST, MOST ONE OF OUR MOST VULNERABLE POPULATIONS.
AND SO WE HAVE A COUPLE OF ZIP CODES, UM, ELECTRIC VEHICLES.
CAN YOU TELL ME HOW MANY ELECTRIC VEHICLES OR WHAT PERCENTAGE OF OUR VEHICLES ARE IN SAN ANTONIO ARE ELECTRIC? SO IN TERMS OF SAN ANTONIO, AND I ACTUALLY HAVE THAT WE HAVE JUST CONFIRMED, I BELIEVE WE HAVE ABOUT SEVEN.
WE HAVE, I SHOULD KNOW THIS OFF THE TOP OF MY HEAD.
WE HAVE, UM, THERE'S ONLY 3000 IN SAN ANTONIO.
SO FOR COMPARISON, UM, AUSTIN IS PUSHING UPWARDS OF 7 7500.
AND SO I'LL RESERVE MY OTHER QUESTIONS FOR THAT FOR LATER.
COUNCIL MEMBER ROSO GARCIA, COUNCIL MEMBER COURAGE.
JUSTINA, DID YOU WANNA MAKE SOMETHING? UM, TO YOUR QUESTION, COUNCILMAN ROCHA GARCIA, THE, THE ADDITIONAL INCREASE IS DUE TO EMPLOYEE COMPENSATION.
DOUG, WHY DON'T YOU STAY UP THERE A SECOND.
I MEAN, I'LL ASK YOU, UH, YOU'VE BEEN TALKING ABOUT, UH, EVS AND, UH, HAS YOUR DEPARTMENT BEEN WORKING WITH D S D
[02:25:01]
ON THE, UH, ELECTRICAL VEHICLE AND SOLAR READY CODES? YES, SIR.THAT ARE BEING CONSIDERED? YES, SIR.
WE'RE AT ALL THOSE MEETINGS AND WE'VE ACTUALLY, UM, THE LAST MEETING OF THE WORKING GROUP, UM, ARE, UM, BUILDING CLIMATE CHALLENGE, UM, UH, CONTRACT EMPLOYEE PRESENTED BEST PRACTICES, UM, RELATED TO, UM, EV AND SOLAR READY.
DO YOU THINK THAT IT'S GOING IN THE RIGHT DIRECTION? WE SHOULD BE HEARING SOME GOOD INFORMATION PRETTY SOON.
I THINK WE'RE STILL WORKING TO FIND THAT COMMON GROUND AND TO DETERMINE WHAT'S THE RIGHT NEXT STEP.
UM, BUT I THINK DSD HAS BEEN DOING A GREAT JOB.
UH, AND I THINK WE'RE, WE'RE HOPEFUL WE CAN COME, COME TO SOME POSITIVE RECOMMENDATION.
WELL, WE SAY WE HAVE 3000 EVS NOW.
HOW MANY CHARGING STATIONS ARE THERE IN THE CITY? WE HAVE ABOUT 140 THAT C P S, UH, MANAGES.
AND THEN, UM, WE'VE BEEN HAVING TROUBLE TO FIND THE PRIVATE, UH, STATIONS.
UM, C P S IS CURRENTLY EVALUATING THEIR ENTIRE SYSTEM AS, AS ARE WE.
SO, UM, I THINK ONE OF THE THINGS WE'RE SEEING WHEN WE LOOK AT SOME OF THE TRENDS, IT SEEMS LIKE THE MAJORITY OF CHARGING THAT'S GONNA OCCUR IN THE FUTURE IS GONNA BE AT THE HOME.
UM, BUT I THINK AT THE SAME TIME, WE NEED TO DETERMINE WHERE THOSE HIGH PEAK, UM, OPPORTUNITIES ARE FOR CHARGING INFRASTRUCTURE, WHETHER IT'S AT WORKPLACES, ENTERTAINMENT CENTERS, UM, WE JUST WANNA MAKE SURE WE'RE KEEPING UP WITH DEMAND AS WE LOOK AT MARKET PROJECTIONS.
I THINK ONE OF THE POINTS OF THE, UH, THE NEW, UM, BUILDING CODES IS TRY AND INCORPORATE INTO NEW HOME DEVELOPMENT, THE POSSIBILITY OF BEING ABLE TO ADD THOSE CHARGING STATIONS AT HOME WITHOUT A LOT OF ADDITIONAL COSTS TO THE HOMEOWNER, RIGHT? CORRECT.
UM, ASSESSMENT HAS SHOWN THAT IT'S, IT IS SUBSTANTIALLY MORE TO GO BACK AND RETROFIT.
UH, I THINK THE KEY DISCUSSION RIGHT NOW IS WHAT IS, WHAT IS THE APPROPRIATE FIRST STEP TO, UM, HAVE A NEW HOMEOWNER TAKE ON, UM, IF THEY MAY OR MAY NOT USE IT.
SO I THINK WE'RE TRYING TO, TO FIGURE OUT WHAT'S THAT RIGHT SIZE FIRST STEP.
HAS ANYBODY INTRODUCED ANY INFORMATION, UH, AS TO WHAT THEY THINK THE PROJECTION IS FOR EV, UM, BECOMING, UH, A MUCH GREATER, UH, MIX IN THE AUTOMOBILE SALES, UH, AROUND THE COUNTRY OR HERE IN TEXAS OR HERE IN SANNIA? I CAN GET YOU THAT INFORMATION.
WE HAVE SOME PRELIMINARY, UM, UH, DOCUMENTS FROM THE CONSULTANT THAT'S BEEN BEEN HELPING US.
THAT DOES PROVIDE SOME PROJECTIONS FOR SAN ANTONIO, ACTUALLY.
IS THAT THE KIND OF YEARS THEY'RE THINKING THAT THOSE NUMBERS MAY REALLY BE LARGE, 2030 AND 2047? YES.
AND I, I THINK A LOT OF IT DEPENDS UPON TECHNOLOGY, RIGHT.
UM, MARKETS AND CONSUMER DEMAND.
UH, JOHN, I HAD A COUPLE OF QUESTIONS.
UM, DO YOU, DO YOU KNOW WHAT YOU HAVE IN MIND WITH THE, UM, CAPITAL IMPROVEMENTS THAT YOU'RE GONNA BE USING THE RESERVES FOR OUT OF THE PARKING FUND? SURE.
SO FOR SPECIFICALLY FOR, UM, THE PARKING, UM, FACILITIES, UM, WE ARE LOOKING AT UPGRADING OUR SECURITY SYSTEM.
SO A LOT OF THAT HAS TO DO WITH CAMERAS, UM, IN OUR FACILITIES.
UM, WE HAVE SOME, UM, ELEVATORS THAT NEED QUITE A BIT OF, UM, MAINTENANCE, UM, THAT WE'LL BE SPENDING THAT ON.
UM, LIGHTING, UM, IS AN AREA THAT WE, WE FOCUS A LOT ON AS FAR AS SECURITY.
UM, SO THOSE ARE, UM, A, A LARGE NUMBER OF THAT WILL BE SPENT ON THOSE TYPES OF IMPROVEMENTS IN OUR FACILITIES.
WHAT'S THE OPPORTUNITY OF ACQUIRING ADDITIONAL PARKING? HAVE YOU LOOKED AT ANY OF THOSE OPPORTUNITIES ANYWHERE? I THINK REALLY WHAT WE'RE LOOKING AT IS, IS UM, SOMEWHAT REAL ESTATE IS, IS SOMEWHAT SCARCE, SO IT'S HARD TO GO OUT AND BUY PROPERTY AND JUST BUILD A NEW GARAGE.
BUT I THINK WE'RE LOOKING AT LEVERAGING SOME OF THOSE DOLLARS TO, IN PARTNERSHIPS WHENEVER THERE'S NEW FACILITIES COMING IN, UM, THE ABILITY TO BE ABLE TO ADD PARKING TO THOSE FACILITIES.
I'D LIKE TO ADD, WE DO HAVE FUNDING BUDGETED ABOUT SEVEN AND A HALF MILLION DOLLARS IN THE CAPITAL BUDGET TO HELP WITH THOSE OPPORTUNITIES.
SO ONE EXAMPLE IS A CONTINENTAL HOTEL PROJECT THAT WE'RE LOOKING TO DO AN AFFORDABLE HOUSING, UM, PROJECT.
WE COULD PROVIDE FUNDING TO HELP OVERSIZE OR LEVERAGE THEIR PARKING OPPORTUNITIES.
SO WE ARE, SO WE ARE BASICALLY HELPING FUND THEIR PARKING STRUCTURES AND THEN WE'RE USING IT AS DAYTIME PARKING OPPORTUNITIES AND THEY'RE USING IT AS NIGHT.
SO THOSE ARE EXAMPLES OF HOW WE COULD LEVERAGE THOSE REAL ESTATE OPPORTUNITIES AND INCREASE PARKING.
UM, HOW ABOUT WORKING MORE WITH TDOT TO MAKE MORE OF THEIR UNDER HIGHWAY PARKING AVAILABLE? FOR EXAMPLE, WE HEARD, UH, AT CITIZENS TO BE HEARD A WEEK OR SO AGO ABOUT SOME PARKING UNDER THE HIGHWAY DOWN NEAR U T SS A, BUT NOT THAT CLOSE TO U U T S A NEXT TO A BUSINESS THAT'S BEEN IN BUSINESS FOR MANY, MANY YEARS.
THAT PARKING LOT'S BEEN CLOSED FOR LIKE THREE OR FOUR YEARS.
IT'S PAVED, IT USED TO LET CARS PARK THERE.
NOW TXDOT ISN'T LETTING EM PARK THERE FOR ANY REASON.
UH, OUR, UH, OUR CENTER FOR THE CLERK'S OFFICE FOR UH, UH,
[02:30:02]
THE, UH, TRAVELING DOCUMENTS, THINGS LIKE THAT.ANYWAY, THAT WAS AN EXAMPLE OF SOMETHING I SAW THAT'S UNDERUTILIZED.
I'M WONDERING, ARE THERE OTHER SPACES THAT WE COULD HELP WITH TXDOT TO DEVELOP ADDITIONAL PARKING? YES, AND SO WE, WE CAN LOOK AT THAT SPECIFIC SPACE.
I'M NOT AWARE OF WHO'S CONTRACTING FOR IT, BUT TXDOT WILL CHARGE THE CITY OF SAN ANTONIO OR ANY, ANY ENTITY TO USE THAT PARKING UNDERNEATH THE INTERSTATE.
AND UM, SO, BUT WE NEED TO SEE, WE HAVE SEVERAL OF THE MULTI-USE AGREEMENTS ALREADY IN PLACE, BUT OTHER PRIVATE ENTITIES HAVE THEM AS WELL.
WE CAN LOOK AT TEXTILES PLAN TO RELEASE THOSE.
I'D REALLY LIKE TO SEE MORE PUBLIC PARKING RATHER THAN PRIVATE PARKING.
UH, AND I THINK PEOPLE WOULD APPRECIATE IT.
UH, WE WANT TO CONTINUE TO ATTRACT PEOPLE TO COME DOWNTOWN.
CERTAINLY RIDING OTHER WAYS ARE, ARE IMPORTANT, BUT ANYWAY, I JUST WANTED TO SEE IF THAT MONEY CAN GO IN THAT DIRECTION OR IF WE HAVE OTHER PLANS TO GO IN THAT DIRECTION.
UH, JOHN, LET ME ASK YOU THIS.
WHAT'S THE STATUS OF THE NEW DEVELOPMENTS GOING INTO LATA, THE RESTAURANTS AND THINGS LIKE THAT? HOW FAR ALONG ARE THEY AND UH, WHAT ARE THE COSTS TO COSA AS OUR PART OF THAT DEVELOPMENT? SURE.
SO WE'VE, WE HAVE BROKEN GROUND, UM, OVER AT, UM, AT MAVERICK PLAZA.
UM, AND RIGHT NOW WHAT WE'RE, UM, A LOT OF THE PRELIMINARY WORK HAS BEEN COMPLETED.
THAT WAS SOME, UM, DESIGN WORK, SOME ARCHEOLOGICAL WORK.
UM, THEY'RE CURRENTLY OVER THERE NOW, UM, TRENCHING, UM, FOR UTILITIES.
AND SO THAT WORK IS, UM, IN PROGRESS.
UM, IT'S BEING FUNDED FROM THE INNER CITY TURS.
UM, AND SO LEMME SEE IF I CAN GET YOU THE, IF I HAVE THAT IN MY NOTES.
SO NO GENERAL FUND, NO GENERAL FUND DOLLARS? NO SIR.
THAT'S, UM, THOSE WAS ALL FUNDED OUT OF THE TURS.
THAT'S, THAT'S GONNA, LAST QUESTION I HAVE IS, I UNDERSTAND C P SS ENERGY IS CONSIDERING SELLING LATA ASSEMBLY HALL, YOU KNOW, THEY'RE RELOCATING AND EVERYTHING.
UH, ARE WE CONSIDERING ACQUIRING THAT AS A CITY FACILITY? HAVE WE LOOKED INTO THAT? UH, WE DID LOOK INTO THAT.
UM, AND WE HAVE MADE A DECISION THAT, UM, NOT TO PROCEED WITH THAT OR NOT TO PURSUE THAT.
UM, WHY IS THAT? WE LOOKED AT IT AND DETERMINED.
UM, I, I THINK WE LOOKED AT IT AND DETERMINED THAT IT WAS A FACILITY THAT, UM, DIDN'T FIT WITHIN OUR, UM, OUR PROGRAMMING, UM, OF THAT AREA.
UM, I THINK IT WAS, UM, MAYBE LORI CAN ANSWER.
I I DON'T RECALL WHEN WE LOOKED IN THAT.
I, I DON'T RECALL WHEN WE LOOKED IN THAT BUTS.
REALLY LO UH, C P SS IS PUTTING THAT FACILITY ON THE MARKET.
THEY'RE GONNA BE LOOKING FOR UM, FAIR MARKET VALUE FOR THAT AND THEY'LL BE LOOKING FOR A PARTNER TO EITHER TO, TO KEEP IT IN A EITHER ACTUALLY THEY'RE GONNA BE LOOKING FOR SOMEONE TO SELL IT.
THEY'RE GONNA SELL IT AND IT HAS TO STAY WITHIN THAT, UM, FOOTPRINT.
IT'S A HISTORIC FACILITY AND SO THEY'RE PUTTING ON THE MARKET.
THE CITY OF SAN ANTONIO, WE'RE NOT REALLY IN THE BUSINESS OF HANDLING OR UM, DOING AN EVENT VENUE.
AND THAT'S WHAT IT'S BEEN USED.
UM, WE DON'T HAVE, UM, A NEED FOR IT AND WE DON'T HAVE THE FUNDING FOR IT.
YOU DON'T THINK THAT WOULD BE AN ASSET ALONG WITH, UH, THE CONVENTION CENTER PRACTICALLY ACROSS THE STREET AND EVERYTHING.
AND THAT LATA ITSELF IS SUCH A POPULAR PLACE FOR TOURISM, WE JUST DON'T SEE A VALUE THAT WE COULD GET OUTTA THAT.
WE CAN LOOK AT IT AGAIN, BUT UM, IT'S NOT SOMETHING THAT WOULD BE, UM, LOOKED AT MANAGING.
HEY, THANK YOU COUNCIL MEMBER COURAGE.
ALL RIGHT, WE ARE GOING TO RECESS, UH, OUR MEETING.
UH, AND I THINK COUNCIL MEMBER PERRY HAS A FEW QUESTIONS THAT HE WOULD DEFER TO HELP TOMORROW, UH, FOR SUSTAINABILITY.
AND WE CAN FIGURE OUT ERIC, WHEN WE WANT TO BRING BACK ECONOMIC DEVELOPMENT AND C C D O.
UM, BUT AT THIS TIME WE ARE GONNA MOVE INTO EXECUTIVE SESSION.
THE TIME IS 4:45 PM ON WEDNESDAY, AUGUST 21ST, 2019.
THE CITY COUNCIL, THE CITY OF SAN ANTONIO.
I'LL NOW MEET IN EXECUTIVE SESSION TO CONSULT WITH THE CITY ATTORNEY'S OFFICE PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 5 1 0.071 CONSULTATION WITH ATTORNEY AND DELIBERATE TO DISCUSS THE FOLLOWING ITEMS, ECONOMIC DEVELOPMENT NEGOTIATIONS PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 5 1 0.087 ECONOMIC DEVELOPMENT, THE PURCHASE EXCHANGE LEASE OR VALUE OF REAL PROPERTY PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 5 1 0.072 REAL PROPERTY LEGAL ISSUES RELATED TO COLLECTIVE BARGAINING PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 5 1 0.071.
CONSULTATION WITH ATTORNEY AND DELIBERATE THE DEPLOYMENT OF SECURITY PERSONNEL, CRITICAL INFRASTRUCTURE OR SECURITY DEVICES AND RELATED LEGAL ISSUES RELATED TO TEXAS GOVERNMENT CODE SECTION 5 5 1 0.076 SECURITY DEVICES SECTION 5 5 1 0 8 9, SECURITY DEVICES AND AUDITS AND SECTION 5 5 1 0 7 1 CONSULTATION WITH ATTORNEY.