[CALL TO ORDER]
          [00:02:07]
          CITY COUNCIL ON JANUARY 20TH, 2026 TO ORDER AT 3:02 P.M. WELCOME TO THE WORK SESSION OF THE WACO CITY COUNCIL, AND WELCOME TO ALL THE PEOPLE GATHERED IN THE BOSQUE THEATER GALLERY IN BEAUTIFUL DOWNTOWN WACO. GOT A GOOD CROWD HERE TODAY. WELCOME TO ALL THE VIEWERS AT HOME WATCHING ON THE WACO CITY CABLE CHANNEL. AND THANK YOU, EVERYBODY FOR JOINING US HERE TODAY AT THE AT THE WORK SESSION OF THE COUNCIL, I'M MAYOR JIM HOLMES, AND I'M JOINED ON THE DAIS HERE TODAY BY OUR COUNCIL MEMBERS, ISABEL LOZANO FROM DISTRICT TWO, JOSH BORDEN FROM DISTRICT THREE, DARIUS EWING FROM DISTRICT FOUR, GEORGE CHASE FROM DISTRICT FIVE, AND OUR MAYOR PRO TEM ANDREA BIERFIELD, ALSO JOINED ON THE DAIS OVER THERE BY OUR SENIOR CITY STAFF, OUR CITY MANAGER, BRADLEY FORD, OUR CITY ATTORNEY, KRISTEN HAMILTON. AND LAST BUT CERTAINLY NOT LEAST, OUR CITY SECRETARY, MICHELLE HICKS IS RIGHT THERE ON THE END. WE'RE GOING TO START THE MEETING TODAY WITH A MOMENT OF SILENCE. THE FIRST ITEM OF BUSINESS ON THE AGENDA TODAY IS THE RECOGNITION OF WORK SESSION SPEAKERS. IS ANYONE PRESENT WHO WOULD LIKE TO SPEAK ON A WORK SESSION AGENDA ITEM? MICHELLE, DO WE HAVE ANY CARDS? WE DO NOT HAVE ANY REGISTERED SPEAKERS. NO CARDS. DOES ANYBODY OUT THERE WHO'D LIKE TO SPEAK ON A 
          [WORK SESSION]
WORK SESSION AGENDA TODAY? THERE BEING NONE AND SEEING NONE, WE WILL NOW RECESS THE REGULAR SESSION AND CONVENE INTO WORK SESSION WITH A REPORT FROM OUR CITY MANAGER, BRADLEY FORD. THANKS, MAYOR. AND GOOD AFTERNOON, EVERYBODY. WATCHING HERE AND ONLINE. IT'S GOING TO BE A GOOD MEETING. WE DON'T HAVE ANY CHANGES TO THE AGENDA TODAY, BUT I DO HAVE A COUPLE OF EMPLOYEE RECOGNITIONS. FIRST, I WANT TO START OFF BY RECOGNIZING A NEW TEAM MEMBER. 
          WE JUST RECENTLY HIRED DONNA HOLBROOK IN OUR DESTINATION WACO OFFICE, AND THAT'S A NAME THAT PROBABLY SOME OF YOU ARE FAMILIAR WITH. SHE HAS SPENT A COUPLE OF DECADES REALLY IN HOTEL SALES AND OPERATIONS, WITH MUCH OF THAT TIME BEING SPENT IN OUR MARKET HERE AROUND WACO AREA DIRECTOR OF SALES AS WELL AS A REGIONAL DIRECTOR OF OPERATIONS, OVERSEEING HOTEL PROPERTIES IN WACO, AS WELL AS IN DALLAS FORT WORTH. SUPER EXCITED TO BRING HER ONTO THE TEAM AND ALL OF HER INDUSTRY KNOWLEDGE, I THINK WILL BE VERY HELPFUL AS WE ATTEMPT TO GROW WACO'S CONVENTION AND TOURISM MARKET. SO, DONNA, IF YOU DON'T MIND STANDING UP AND SAYING HI TO EVERYBODY. YEAH. WELCOME, DONNA. AND I THINK, YOU KNOW, WON'T SURPRISE ANYBODY THAT I'D LOVE TO SAY SOME THANK YOUS. AFTER LAST FRIDAY'S EVENT AT THE STEAM CENTER. WHAT A DAY. I MEAN, YEAH, THE PICTURES ARE AMAZING. THEY DON'T QUITE DO IT JUSTICE, THOUGH. WE'RE SUPER PROUD OF WHAT IS THE LAUNCH OF A TRANSFORMATIONAL PROJECT HERE IN WACO. AND THE FUTURE IMPACT 
          [00:05:03]
IS GOING TO BE AMAZING. SO I WANTED TO SAY SOME SPECIAL THANKS TO THE CITY TEAM THAT MADE THAT POSSIBLE FOR THE EVENT. CERTAINLY STARTING FROM THE TOP. YOU KNOW, DEIDRE, DEPUTY CITY MANAGER EMERSON JUST WELL EXECUTED THE VISION FROM MAYOR PRO TEM. AND THE COUNCIL SHOWED A TREMENDOUS LEADERSHIP ON THE PROJECT. ROBERTO ZAPATA AND OUR LIBRARY AND CULTURE ENRICHMENT DEPARTMENT AND THE REST OF THE TEAM THERE FOR TAKING ON OVERSIGHT OF THE FACILITY, MONICA'S TEAM AND COMMS, I MEAN, THE THE BRANDING THROUGHOUT THIS FACILITY AND THE PREPARATIONS AND ALL THE WAY DOWN TO THE SWAG WE GAVE OUT. 
          AND THE MASCOT IS JUST REALLY WELL DONE. OF COURSE, THE LASTING IMAGE OF THE PYROTECHNICS OFF THE OFF THE BUILDING ISN'T BAD EITHER. YES. DERRICK ALTMAN, FACILITIES TEAM, YOU KNOW, ON TIME, ON BUDGET. WE GOT THAT DONE ON THIS PROJECT, BUT IT'S KIND OF BECOMING THE CALLING CARD IN HIS OTHER WORK AS WELL. SO SUPER PROUD OF THE FACILITIES TEAM. MIKE SEAWRIGHT AND THE IT TEAM DID A REALLY FINE JOB OF WORKING HAND IN HAND WITH CISCO. 
          IF YOU WALKED THROUGH AND DID THE TOURS, YOU SEE A BUILDING THAT IS NEXT LEVEL ON TECHNOLOGY AND THAT DIDN'T HAPPEN WITHOUT THE WORK OF OF MIKE'S TEAM. AND LAST BUT NOT LEAST, BUT PARKS SPECIAL EVENTS STAFF WORKED REALLY HARD TO MAKE THAT A SPECIAL DAY. MAKE SURE THAT EVERYTHING IN THE PARK ADJACENT, AS WELL AS THE GROUNDS, WERE IN IMMACULATE CONDITION. SO JUST WANT TO SAY HOW PROUD OUR CITY MANAGER'S OFFICE TEAM WAS TO SUPPORT THAT EVENT, AND LOOKING FORWARD TO SEEING THAT STEAM CENTER COME TO LIFE IN EARLY FEBRUARY. SO IF YOU DON'T MIND SAYING A THANKS TO THE TEAM THAT MADE THAT HAPPEN. I THINK THERE'S GOING TO BE SOME FOLLOW UP COMMENTS HERE, BECAUSE MOST, MOST OF US, VIRTUALLY ALL OF US WERE THERE THAT DAY. AND I'LL IF ANYBODY WANTS TO COMMENT, WE'LL EXCUSE GEORGE FOR THIS ONE. GEORGE. GEORGE IS GOING TO LOOK AT THE PICTURE TO BRING THE CUT OUT. BUT THEY DIDN'T. 
          SO I DID GET A SPECIAL TOUR. ABSOLUTELY. YOU DID. YOU DID. SO I DON'T KNOW HOW MANY MORE TIMES IN WAYS I CAN SAY THANK YOU, BUT I AM PEACOCK PROUD. IF YOU DIDN'T KNOW, THIS HAS BEEN A PROJECT THAT WE'VE BEEN WORKING ON FOR A VERY, VERY LONG TIME, AND IT CAME TO FRUITION IN A WAY THAT IF I HAD WRITTEN THE SCRIPT MYSELF, IT WOULDN'T BE ANY BETTER. THANK YOU TO THE COMMS TEAM FOR EVERYTHING THAT YOU DID. I KNOW Y'ALL WERE IN THERE BLOWING UP BALLOONS AND STUFF THE DAY BEFORE. BLESS YOUR HEARTS. CERTAINLY. PARKS AND REC, CERTAINLY THE LIBRARY AND CULTURAL ENRICHMENT. CERTAINLY OUR CITY MANAGEMENT STAFF, CERTAINLY MAKING SURE THAT WE HAD ALL THE RULES AND REGS WITH THE DOORS OPEN. SO WE DIDN'T BREAK FIRE. GHOST. THANKS, ROBBY. WE APPRECIATE. BUT IT WAS IT WAS MORE PEOPLE I COULDN'T HAVE I JUST JUST COULDN'T EVEN IMAGINE IT. SO I'M GRATEFUL TO MY COUNCIL FOR STANDING WITH ME IN THIS PROCESS AND AND BELIEVING IN THIS VISION AND HELPING US TO SEE IT THROUGH AND MAKE IT A REALITY. WE ALL KNOW THE ACCOLADES AND CERTAIN CERTAIN PRAISE THAT IS DESERVED TO DEIDRE EMERSON, OUR DEPUTY CITY MANAGER, WHO WALKED THIS THIS PROGRAM WITH ME FROM START TO FINISH AND OVERSAW THE EXECUTION OF ALL OF THIS. AND SHOUT OUT TO THOMAS AND THEM FOR LIKE, NASCAR STYLE PYROTECHNICS, BECAUSE THEY SAID THE WORD PYROTECHNIC. I WAS LIKE, IT'S DAYTIME NOW. CUZ SEE, WHEN WE TALKED ABOUT THIS WAS A LONG TIME AGO, WE TALKED A LOT ABOUT DRONES. WE DID THE 19, THE 1975 ANNIVERSARY, I MEAN, 175 YEARS ANNIVERSARY. AND THEY WERE LIKE, NO, THOSE ARE THOSE ARE TOO EXPENSIVE. AND SO I SAID, OKAY. AND I LEFT IT ALONE. AND THEN I GOT NASCAR PYROTECHNICS. ABSOLUTELY PERFECT. SO I'M THANKFUL. SHUSH. I'LL JUST SECOND SHOUT OUT TO THE BAY DOORS BEING OPEN TO ALLOW FOR FIRE CODE, BECAUSE WE CERTAINLY WOULD HAVE BEEN EXCEEDING MAX CAPACITY FOR THAT ROOM, WHICH IS WAS SO SPECIAL TO BE THERE AND SEE, I THINK WHEN THESE THINGS ARE BEING IDEATED AND WORKED ON AND WE'RE GETTING UPDATES, WE GET REALLY EXCITED FOR THEM. AND WE KNOW AND WE CAN SEE THE VISION AND YOU DON'T ALWAYS KNOW WHAT IT'S GOING TO BE LIKE WHEN THE COMMUNITY GETS, BECAUSE ONCE YOU PUT IT OUT THERE, IT DOESN'T BELONG TO YOU ANYMORE. 
          THAT'S RIGHT. SO YOU NEVER KNOW WHAT THE COMMUNITY'S RESPONSE IS GOING TO BE. SO JUST TO BE THERE ON FRIDAY AND SEE THAT MANY PEOPLE BE THAT EXCITED AND BRING THEIR KIDS AND THEIR FAMILIES, AND THEN YOU'RE DOING A TOUR AT THE END AND THEY'RE JUST RUNNING AROUND. HAVE YOU DRIVEN BY THE PLAYGROUND? IT'S BEEN IT'S BEEN CRAZY PACKED EVERY DAY. I HAVEN'T BEEN YET BECAUSE IT'S BEEN SO PACKED AND IT'S STILL HIGH FLU SEASON. SO WE'RE WAITING THAT ONE OUT. BUT IT WAS YEAH, BUT IT WAS INCREDIBLE. AND THANKS BEYOND THANKS TO TO ALL WHO PUT IN SO 
          [00:10:06]
MUCH TIME AND EFFORT. AND IF YOU'VE BEEN BY YOU, YOU CAN SEE THAT THERE'S NOT A SINGLE DETAIL IN THAT BUILDING THAT WAS NOT METICULOUSLY THOUGHT THROUGH AND SOURCED AND DONE IN A WAY TO HONOR THE PAST WHILE SEEKING TO ENRICH OUR FUTURE. AND SO I'M SO GRATEFUL AGAIN TO DEIDRE FOR THE EFFORT AND SORT OF SHEPHERDING THIS THROUGH FROM AN ADMINISTRATIVE AND STAFF PERSPECTIVE FROM, YOU KNOW, WHEN COUNCILMEMBER BAREFIELD HAD THE IDEA TO TO FRIDAY, WHEN WE HAD THE PYROTECHNICS AND CUT THE RIBBON AND MAYOR PRO TEM BAREFIELD, THANK YOU FOR WHEN COUNCIL MEMBERS HAVE THESE BRIGHT IDEAS, IT'S REALLY EASY FOR STAFF TO SAY, THAT'S SO GREAT. THANK YOU. THANK YOU FOR YOUR SUGGESTION, BECAUSE THAT IS SOMETHING THAT WE'RE NOT GOING TO BE ABLE TO AFFORD, AND YOU CAN KEEP DREAMING ABOUT IT. AND I'M SURE IT WILL LOOK REALLY PRETTY ON PAPER. BUT FOR YOU TO HAVE THIS IN YOUR MIND AND IN YOUR HEART AND PUSH FOR IT AND BE PROACTIVE IN MAKING SURE THAT, HEY, YOU KNOW, IF WE'RE GETTING WE HAVE AN OPPORTUNITY TO GET MONEY FOR THIS. IT DOESN'T COME OUT OF OUR OWN POCKETS. LET'S SPEND IT. LET'S BE CREATIVE, LET'S BE STRATEGIC, AND LET'S GET THIS THING DONE. AND TO KEEP BANGING THE DRUM FOR THAT UNTIL WE GET TO WHAT WE HAD ON FRIDAY, IT'S IT'S SO SPECIAL. I CANNOT WAIT TO TO GO BACK AND EXPERIENCE IT AGAIN AND AGAIN AND AGAIN. SO THANKS TO EVERYONE. AND IF YOU HAVE NOT BEEN, STOP BY SOMETIME AFTER THEY OPEN OFFICIALLY FEBRUARY 2ND BECAUSE IT'S A SIGHT WORTH SEEING. I'LL ADD MY VOICE TO THE CHORUS AND AND MAYBE CONTRIBUTE A NEW VERSE, BUT I WILL SAY THANK YOU SO MUCH TO OUR MAYOR PRO TEM FOR THIS WONDERFUL IDEA, WELL EXECUTED BY OUR DEPUTY CITY MANAGER, DEIDRA EMERSON. THIS IS JUST IT WAS SUCH A TRIUMPHAL, JOYOUS DAY AND A NEW A NEW DAWN FOR OUR CITY. IN TERMS OF THIS TYPE OF PROGRAMING. I'M SO EXCITED. OUR COMMS TEAM PUT ON A WONDERFUL EVENT. AS THEY SAID, OUR LIBRARY PROGRAMING THIS OUT HAND IN HAND WITH TRANSFORMATION WEEK. I THINK THE POSSIBILITIES HERE ARE ENDLESS. WHAT THIS SAYS ABOUT OUR COMMUNITY, THE TRANSFORMATION AND THE INVESTMENT THAT WE'VE SEEN EAST OF THE RIVER. IF YOU LOOK AT BRIDGE STREET PLAZA, IF YOU LOOK AT OUR SUSPENSION BRIDGE, IF YOU LOOK AT THIS NEW BLEDSOE, BLEDSOE, MILLER STEAM CENTER AND THE DORIS MILLER COMMUNITY CENTER WITH OUR DORIS MILLER POOL, THE RECONSTRUCTED ELM, YOU COULD SEE THE LEVEL OF INVESTMENT THAT THIS CITY UNDER OUR CITY MANAGER, BRADLEY FORD, AND THIS GREAT CITY MANAGEMENT TEAM, UNDER THE DIRECTION AND POLICY GUIDANCE OF OUR MAYORS AND OUR AND OUR MAYOR PRO TEM FAIRFIELD, HAVE JUST DONE AND IT HAS JUST BEEN A GENERATIONAL LIFT AND A GENERATIONAL TRANSFORMING OF THIS PUBLIC SPACE. AND I AM SO GRATEFUL TO HAVE BEEN AN INFINITESIMAL PART OF IT. AND IT IS JUST A GREAT DAY FOR WACO. SO THANKS TO ALL THE STAFF. Y'ALL MADE US SO PROUD IN EXECUTING THIS VISION. 
          THANK YOU ALL. APPRECIATE IT. I CAN'T REALLY ADD MUCH MORE. I'LL TRY TO PUT ONE MORE VERSE INTO IT THOUGH, BECAUSE YOU GUYS HAVE ALL EXPLAINED THE IF YOU IF YOU WEREN'T THERE FRIDAY, I MEAN, YOU MISSED ONE OF THE COOLEST EVENTS THAT WE'VE HAD IN, IN IN THE HISTORY OF THE CITY STANDING ROOM ONLY CROWD AND IT WAS SO MANY DIFFERENT PARTS OF IT THE BALLOONS, THE FIREWORKS, THE PLAYGROUND, THE THE RIBBON CUTTING, THE AGENDA JUST WELL EXECUTED. AS CITY MANAGER FORD MENTIONED, AND THE ENERGY BEHIND THIS AND THE ORGANIZATION AGAIN, AS EVERYBODY SAID, THE MAYOR PRO TEM, FAIRFIELD AND DEPUTY CITY MANAGER DEIDRA EMERSON. IT REALLY JUST BROUGHT OUR IDEAS TO LIFE IN A IN A BIG, BIG WAY, A COOL AGENDA AND SOME OF THE MAYBE THE PARTS YOU DIDN'T SEE THAT THAT TOUCHED ME IS THAT AS AS MAYOR PRO TEM, FAIRFIELD WAS READING PARTS OF HER SPEECH SHE WAS READING FROM HER MOM'S NOTEBOOK, WHICH WAS SO COOL. 
          OUR OUR FORMER MAYOR, MAE JACKSON, WHICH JUST PUT A COOL TOUCH ON YOUR PRESENTATION. AND IT STARTED OUT THAT MORNING. OR THAT. YEAH, THAT MORNING WITH JOSH GOING DOWN THE PLAYGROUND SLIDE, HE CLIMBED TO THE TOP OF THAT THING AND WENT AND WENT DOWN THE SLIDE. AND IT JUST IT WAS A FUN, FUN MORNING FOR FOR EVERYBODY. I'M SUPER EXCITED ABOUT THE ACTIVATION OF THIS BECAUSE IT'S IT LOOKS GREAT. WE HAD A GREAT GRAND OPENING AND WE'VE GOT SO MANY JUST THE ACTIVATION OF IT IN THE DAY TO DAY ALREADY. PEOPLE HANGING OUT THERE AND JUST YOU ALL NEED TO GO THROUGH IT BECAUSE THE THE ARTWORK ON THE WALLS IS FANTASTIC. WHAT'S GOING ON IN ALL THESE DIFFERENT CLASSROOMS IS JUST INCREDIBLE. AND I JUST LOOK FORWARD TO THIS BEING A VERY IMPORTANT PART OF THE WACO COMMUNITY. FROM K TO GRAY. AS DEPUTY CITY MANAGER, EMERSON ALWAYS SAYS FOR FOR EVERYBODY IN THE COMMUNITY. SO LOOKING FORWARD FOR THIS STEAM CENTER TO TAKE OFF, COOL. IS THERE ANYTHING ELSE TO TALK ABOUT TODAY WE GOT YES. IT'S HARD TO 
          [00:15:12]
FOLLOW THAT UP, BUT I'M GOING TO TRY WITH TWO INFORMAL REPORTS. OKAY. IT'S A PRETTY BIG LETDOWN. OH BEFORE CITY MANAGER BEFORE BEFORE YOU. I NOTICE UP HERE ON THE DAIS YOU COULD TELL THAT WE HAD SOME VERY IMPORTANT PEOPLE WALK INTO THE MEETING OR SITTING IN THE FRONT TWO ROWS. THESE ARE THE MIDWAY HIGH JUNIOR ROTC GROUP, THE OFFICER TRAINING GROUP. AND THEY'RE HERE TO TO STUDY OUR LEGAL GOVERNANCE, OUR LOCAL LOCAL GOVERNANCE. IS THAT RIGHT, GUYS? VERY COOL. WELL, I APPRECIATE YOU BEING HERE. KEEP IT TIGHT TODAY, MAYOR. RIGHT. 
          NO FREESTYLE SO FAR. YOU SEE ALL THE GREAT THINGS THAT ARE HAPPENING IN THE CITY. EVEN EVEN MORE STUFF IS GOING TO BE TALKED ABOUT TODAY. SO, MAYOR, I THINK THEY'RE GOING TO SEE SOME GOOD GOVERNANCE MODELED UP HERE, BUT THEY'RE ALSO GOING TO SEE SOME THINGS NOT TO DO. I THINK THAT'LL BE A PART OF IT TODAY IS THERE'LL BE A MIXED BAG UP HERE TODAY. IT'S ALL PART OF THE LEARNING PROCESS. ALL RIGHT. CITY MANAGER FORD, SORRY TO INTERRUPT. YEAH. WE DO HAVE TWO INFORMAL REPORTS ON THE AGENDA. COUNCIL IR 2026 002 OUTLINES THREE HOUSING DEVELOPMENT SEEKING RESOLUTIONS OF SUPPORT FOR THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS HOUSING TAX CREDIT PROGRAM. THIS IS A PROCESS THAT YOU UNDERTAKE EACH YEAR. AND WE HAVE A POLICY AND IR ATTEMPTS TO PROVIDE YOU INFORMATION YOU NEED TO HELP IN A FUTURE DISCUSSION ON THOSE RESOLUTIONS OF SUPPORT. BE HAPPY TO TAKE ANY QUESTIONS AT WHICH TIME YOU HAVE. WE ALSO HAVE INFORMAL REPORT 003, WHICH OUTLINES A $3.3 MILLION FEDERAL FUNDING AWARD FOR OUR NEIGHBORHOOD SAFE ROUTES TO SCHOOL PROJECT. VERY EXCITING, AS WELL AS A $1.2 MILLION AWARD FOR HIGHWAY SAFETY IMPROVEMENT PROGRAM PROJECT ALL ALONG SANGER AVENUE. SO EXCITED ABOUT BOTH OF THOSE. WE DO HAVE THREE PUBLIC HEARINGS ON THE JUST. 
          I'LL JUST HAVE ONE COMMENT ON THAT SECOND INFORMAL REPORT IN PARTICULAR. BOTH OF THEM ARE WELL WRITTEN, AND ON THE FIRST ONE, THE HOUSING TAX CREDIT PROGRAMS. WE'LL HEAR MORE FROM THAT DIRECTOR PRICE ON THAT IN THE NEXT MEETING. RIGHT. AND AGAIN, I ALWAYS SAY THAT DIRECTOR PRICE, I DON'T KNOW IF YOU'RE HERE TODAY, BUT I LIKE HOW YOU THERE YOU ARE. YOU'VE MADE THIS VERY EASY FOR COUNCIL TO NAVIGATE. IT DIDN'T USED TO BE THAT WAY. SO I APPRECIATE THAT. THE SECOND INFORMAL REPORT WE ALWAYS WE TALK ABOUT STREETS AND WATER LINES AND WASTEWATER LINES AND ALL THE INFRASTRUCTURE THAT WE NEED TO BUILD THESE. THIS INFORMAL REPORT IS PRIMARILY ABOUT SIDEWALKS AND THE FUNDING THAT WE GET. AND WE LOOK FOR TWO, TWO GOOD STORIES. ONE OF THEM IS JUST HOW THE CITY IS SPENDING MONEY AND COMMITTING TO BETTER SIDEWALKS. AND WE ARE ACCESSING TEX-DOT PROGRAMS WHERE WE CAN GET SOME STATE FUNDING TO MATCH OUR OWN FUNDING IN THE CITY, AND TRYING TO BE AS EFFICIENT AS POSSIBLE AND MAKE OUR MONEY KIND OF MULTIPLY THERE A LITTLE BIT. BUT ANYWAY, BOTH GREAT REPORTS. 
          ALL RIGHT. WE'VE GOT THREE PUBLIC HEARINGS LATER ON FOR CLINT PETERS. OUR DIRECTOR OF DEVELOPMENT SERVICES WILL COVER THOSE. I BELIEVE WE'LL HAVE TIME IN THE WORK SESSION FOR HIM TO COVER THOSE. AND THEN YOUR CONSENT AGENDA HAS 37 ITEMS. I WANTED TO HIGHLIGHT JUST A COUPLE. FIRST RESOLUTION OH 36, WHICH AWARDS A $10.7 MILLION CONTRACT FOR CONSTRUCTION SERVICES TO TEAGUE UTILITIES FOR THE LONG ANTICIPATED QUIET ZONE PROJECT DOWNTOWN. YOU MAY REMEMBER WE STARTED WORK A FEW YEARS AGO ON THIS AND HAD TO RESCOPE A COUPLE TIMES, REDESIGN A COUPLE TIMES. WE'RE VERY EXCITED THAT IN 2025. IN FEBRUARY, COUNCIL APPROVED CONSTRUCTION AND MAINTENANCE AGREEMENTS WITH THE U.P. RAILROAD, WHICH WAS A BIG, A BIG MOMENT. AND THEN IN SEPTEMBER, WE ISSUED THE REQUEST FOR BIDS. WE ANTICIPATE CONSTRUCTION ON THIS PROJECT WILL BE COMPLETED BY THE END OF 2027, WHICH IS AROUND THE SAME TIME THAT YOU'LL SEE THE RIVERWALK COMPLETED AND A COUPLE OTHER KEY PROJECTS DONE IN THE DOWNTOWN AREA. WITH THE QUIET ZONE TAKING EFFECT A FEW MONTHS LATER. AT SOME POINT IN 2028. WANT TO SAY A SPECIAL THANKS TO CHARLES LEAST AND INFRASTRUCTURE SERVICES, AS WELL AS PAUL KANE AND THE MANAGER'S OFFICE FOR KEEPING THIS PROJECT ON TRACK. COME ON, JOSH, YOU DIDN'T LIKE THAT ONE. OKAY, OKAY. ALL RIGHT. I THOUGHT IT WAS PRETTY GOOD. I ALSO WANTED TO HIGHLIGHT RESOLUTION OH 41 AND OH 46, WHICH COVER THE BULL HIDE WASTEWATER TREATMENT PLANT EXPANSION PROJECT THAT IS INVOLVES A CONSTRUCTION CONTRACT OVER TO GREG CONN. FOR JUST UNDER $60 MILLION. IT'S ONE OF THE LARGEST CONTRACTS AWARDED ALL YEAR LONG. AND OF COURSE, THAT CONTRACT WILL COME WITH A CONSTRUCTION PHASE ENGINEERING MONITORING PROJECT WITH CDM SMITH FOR AN ADDITIONAL $2.3 MILLION. BUT THE MAIN HEADLINE HERE PROJECTS CAN EXPAND BULL HIDE WASTEWATER TREATMENT CAPACITY FROM ABOUT 4 
          [00:20:01]
MILLION GALLONS A DAY, UP TO AN ULTIMATE CAPACITY OF 16 MILLION GALLONS A DAY, ALLOWING FOR ADDITIONAL GROWTH IN THAT KEY SECTOR OF WACO AND A COUPLE OTHER JURISDICTIONS. WE ANTICIPATE THIS PROJECT TO LAST UNTIL ABOUT SPRING OF 2029. WE DO HAVE TWO ORDINANCES ON YOUR AGENDA. BOTH WILL BE COVERED IN THE WORK SESSION PRESENTATIONS THIS AFTERNOON. AND MAYOR AND COUNCIL, THAT CONCLUDES MY REPORT. I'LL PAUSE FOR ANY QUESTIONS YOU MIGHT HAVE. ANY QUESTIONS FOR BRADLEY ON THE WORKS, THE THE AGENDA TODAY. JUST YOU PICKED OUT THE SAME ONES THAT I DID ON THE ON THE RESOLUTIONS. THE ONE THAT I ALSO WANT TO HIGHLIGHT IS NUMBER 1920, 26, 19, WHICH IS ANOTHER KIND OF A MATCHING FUNDING FOR CHILD CARE FUNDING WORKED THROUGH THE WORKFORCE COMMISSION, WHICH WHEN YOU START TALKING ABOUT WORKFORCE AND TRAINING AND UPSKILLING, THERE'S ALL THESE ANCILLARY SORT OF ISSUES THAT COME UP AROUND IT. TRANSPORTATION IS ANOTHER ONE, AND THEN CHILD CARE IS RIGHT UP THERE, TOO. 
          THEY ALL HAVE TO KIND OF FIT TOGETHER. AND SO HAPPY TO SEE THIS MILLION DOLLAR ALL IN FUNDING FOR CHILD CARE SERVICES THROUGH OUR WORKFORCE COMMISSION. AND YEAH, YOU HIT ON THE THE QUIET ZONE IS GOING TO BE GREAT. AND AS MORE PEOPLE ARE DOWNTOWN, I GET MAYBE TEN YEARS AGO, PEOPLE DIDN'T REALLY THINK THAT MUCH ABOUT THE QUIET ZONE AND HEARING THE THE ENGINE BLAST OR THE RAILROAD BLASTS EVERY I DON'T KNOW HOW OFTEN IT IS, BUT AS MORE PEOPLE COME DOWNTOWN AND WE GET THE REVITALIZATION AND MORE PEOPLE ARE SHOPPING AND EATING AND DRINKING AND HAVING A GOOD TIME, THAT THAT'S PRETTY LOUD, YOU KNOW? AND I'VE BEEN DOWN FOR MEETINGS DOWNTOWN FOR MEETINGS IN THE IN CITY HALL AND ALL OVER THE PLACE. SO I THINK IT IS WORTHWHILE AND IT'LL MAKE DOWNTOWN EVEN MORE FUN TO, TO PARTICIPATE IN. AND THEN YOU HIT THE THE WATER THAT THE BULL HIDE WASTEWATER. THAT'S A $60 MILLION PRICE TAG ON THAT. AND IT'S PRECEDED BY ANOTHER WATER REPAIR JOB THAT WE HAVE IS ABOUT A HALF A MILLION ON ON THE DAFF PLANT. AND I THINK MOST PEOPLE KNOW HOW IMPORTANT THAT DAFF PLANT IS TO OUR WATER SYSTEM HERE IN WACO. IT BASICALLY IS THE LAST CLEANING PROCESS THAT WE GO THROUGH BEFORE IT HITS THE THE DRINKING WATER LINES, AND THAT HOW LONG AGO DID WE PUT THAT IN 2015? 20 YEARS AGO. YOU WEREN'T HERE. I WASN'T EITHER, BUT IT WAS. IT'S BEEN MORE THAN BEFORE WE ALL GOT ON. BUT AS THAT WHO WAS HERE WHEN THE PLANT WENT IN 2007. SO COMING UP ON ITS 20TH BIRTHDAY. YEAH. SO IT'S YOU KNOW, IT'S SOLID AND IT'S, BUT IT'S SHOWING SOME AGE. SO WE'RE REPLACING PARTS OF IT KIND OF AS WE GO. THERE'S NOTHING INEXPENSIVE ABOUT IT. SO THIS IS JUST ONE OF THE PUMPS OR A COUPLE OF PUMPS THAT WE'RE REPLACING HALF $1 MILLION. SO WATER WATER TREATMENT AND THEN WASTEWATER LINES IS NUMBER 42. SO WE'RE HITTING ALL THE DIFFERENT PARTS OF OUR INFRASTRUCTURE IN TODAY'S DISCUSSION. BUT THAT WAS THAT WAS ALL I HAD. IT'S A LOT OF GOOD STUFF IN IN TODAY'S AGENDA. SO WITH THE COMPLETION OF THAT CITY MANAGER FORD, WE WILL TALK ABOUT THE CONSENT AGENDA. THE CONSENT AGENDA INCLUDES 2020 6-011 RESOLUTION 2026, DASH ONE ZERO, AND RESOLUTION 2020 6-012 THROUGH RESOLUTION 2026, DASH 046. WE ARE ALSO GOING TO PULL BECAUSE WE NEED SOME SPECIFIC LANGUAGE ABOUT 2020 6-013. SO ARE THERE ANY OTHER ITEMS THAT COUNCIL WOULD LIKE TO REMOVE FROM THE CONSENT AGENDA TO VOTE ON SEPARATELY? THERE ARE NONE. SO THE CONSENT AGENDA INCLUDES 20, 2611 AND 2026 TEN AND 2026 OH 13 AND THEN 20 2612 THROUGH 46, EXCEPT FOR 13, 2613, AND SO 2026 TEN AND 20 2613 WILL BE PULLED FROM THE AGENDA AND VOTED ON SEPARATELY. THE NEXT ITEM ON THE AGENDA IS WORK SESSION ITEMS 20, 2604 THROUGH 2020 607. CITY MANAGER FORD, WOULD YOU PLEASE INTRODUCE THE FIRST WORK SESSION? SURE. WE'VE GOT WORK SESSION 004. WE'RE GOING TO START OFF WITH A DISCUSSION OF 2025 AND PRIOR YEARS. FIRE DEPARTMENT SERVICES ACCOMPLISHMENTS, STATISTICS AND UPCOMING 2026 PRIORITIES WERE INVITE CHIEF ROBBIE BERGESON UP TO THE TABLE. HE'S ACTUALLY GOING TO DO TWO IN A ROW. AND SO THAT'S THAT'S A RARITY IN THESE PARTS. SO ROBBIE, THANKS FOR BEING HERE WITH US TODAY. GOOD AFTERNOON, MAYOR AND COUNCIL, IT'S MY PLEASURE TO SPEAK TO YOU TODAY AND GIVE YOU OUR YEARLY UPDATE FOR THE WACO FIRE DEPARTMENT. 2025 WAS MARKED WITH SIGNIFICANT IMPROVEMENTS IN SEVERAL KEY AREAS, INCLUDING ORGANIZATIONAL 
          [00:25:05]
STABILITY, SERVICE CAPACITY IMPROVEMENTS, AND ENHANCED FIREFIGHTER SAFETY AND COMMUNITY ENGAGEMENT. DURING 2025, WE EXPERIENCED PERHAPS OUR MOST SIGNIFICANT LEADERSHIP CHANGES IN OUR 152 YEAR HISTORY OF THE DEPARTMENT, A NEW FIRE CHIEF, TWO NEW DEPUTY FIRE CHIEFS AND A NEW TRAINING OFFICER, ALL WITHIN A VERY SHORT PERIOD. THIS WAS ABOUT GETTING THE RIGHT PEOPLE ON THE TRUCK AND ALSO IN THE RIGHT SEATS ON THE TRUCK. WE STABILIZED THE LEADERSHIP, FOCUSING ON COMMUNICATIONS, ADJUSTED THE ORGANIZATIONAL STRUCTURE TO ALIGN WITH CURRENT WORKLOADS AND IMPROVED EFFICIENCY, ACCOUNTABILITY, TRANSPARENCY AND ULTIMATELY MORALE FOR THE DEPARTMENT. IN MARCH, WE PLACED OUR 13TH ENGINE COMPANY IN SERVICE WHEN WE OPENED FIRE STATION 15 IN FAR WEST WACO, A STATION THAT JUST WON A NATIONAL AWARD FOR DESIGN. WE BROKE GROUND ON FIRE STATION FOUR ON LA SALLE AVENUE AND TOOK DELIVERY, TOOK DELIVERY AND PLACED IN SERVICE A $646,000 THOMAS GRANT FUNDED TACTICAL TENDER, WHICH IS A WATER TANKER APPARATUS. ADDITIONALLY, WE PLACED IN SERVICE THREE TYPE SIX ENGINES OR BRUSH TRUCKS. WE HIRED 14 FIREFIGHTERS IN 2025 AND DUE TO THIS COUNCIL'S CONTINUED SUPPORT, THREE OF THOSE POSITIONS WERE NEW POSITIONS. 
          WHEN WE LOOK AT OUR RESPONSE TRENDS, YOU CAN SEE THAT POST COVID, WE HAVE SOMEWHAT STABILIZED. THIS WAS OUR BUSIEST YEAR ON RECORD FOR THE WACO FIRE DEPARTMENT, WITH 23,289 CALLS FOR SERVICE. I'M HAPPY TO REPORT AN AVERAGE RESPONSE TIME OF FIVE MINUTES AND 16 SECONDS. THAT'S WITHIN OUR GOAL OF SIX MINUTES AND 20S OF ARRIVING AFTER A 911 CALL IS RECEIVED. IF THERE'S ANYTHING I TELL YOU TODAY, THERE'S NOTHING MORE IMPORTANT TO ME THAN WHAT YOU SEE ON THE RIGHT OF THE SCREEN. THAT WE HAD ZERO FIRE FATALITIES IN 2025. AND IN FACT, IF WE MAKE IT TILL FEBRUARY 23RD, IT WILL BE THREE YEARS SINCE WE'VE SUFFERED A LOSS FROM FIRE, ALMOST UNHEARD OF FOR A CITY THIS SIZE AND OF THIS AGE. AND THAT'S A TESTAMENT NOT ONLY TO FIRE PREVENTION, BUT THE HARD WORK AND THE TRAINING OF THE FIREFIGHTERS WHEN THEY ARRIVE AT THE SCENE OF THESE FIRES. VERY AGGRESSIVE IN NATURE. NOT ONLY WERE FIREFIGHTERS BUSY ON THE HOME FRONT, WE ALSO ANSWERED NINE DIFFERENT REQUESTS FOR STATE-WIDE DEPLOYMENTS TO DIFFERENT EMERGENCIES. WACO FIREFIGHTERS WERE AMONG THE FIRST STATE RESOURCES TO ARRIVE AT THE TRAGIC JULY 4TH HILL COUNTRY FLOODS. SOME OF OUR MEMBERS WORKING WITH TEXAS TASK FORCE ONE HAVE BEEN ON ROTATION, PERFORMING THE GRIM TASK OF STILL SEARCHING FOR PEOPLE UP UNTIL JUST BEFORE CHRISTMAS. 
          JUST A MONTH AGO. WHEN WE LOOK AT OUR OVERALL RESPONSES, EMERGENCY MEDICAL INCIDENTS REMAIN THE LION'S SHARE OF WHAT WE DO. GOOD INTENT CALLS, AS YOU CAN SEE, IS THE SECOND HIGHEST PERCENTAGE AT 15%. AND THOSE INCLUDE CANCELED AND ROUTE. NO EMERGENCY FOUND UPON ARRIVAL, UNFOUNDED ALARM CONDITIONS, INVESTIGATIONS THAT DETERMINE NO HAZARD EXISTS. 
          SMOKE AND ODOR INVESTIGATIONS WERE, NO FIRE WAS LOCATED, AND PUBLIC ASSIST THAT DID NOT INVOLVE ANY TYPE OF HAZARD. A DEEPER DIVE IN LOOKING AT INCIDENT RESPONSE SO SHOWS SOME CLEAR TRENDS SUCH AS CALL VOLUME INCREASES DURING THE DAYTIME HOURS REALLY BETWEEN 7 A.M. AND 6 P.M. WHAT WE WOULD CALL OUR PEAK HOURS. AND THAT'S IN DIRECT CORRELATION OF WHEN THE CITY'S POPULATION SWELLS TO OVER 200,000 DURING THE WEEK. ADDITIONALLY, IT'S INTERESTING. 
          THAT THE INCIDENTS INCREASE IN THE LATER PART OF THE WEEK WEDNESDAY THROUGH SATURDAY, WITH THURSDAY BEING OUR BUSIEST DAY OF THE WEEK. THESE TRENDS ALLOW US SOME LEVEL OF PREDICTABILITY FOR KNOWING WHEN OUR RESOURCES MAY BE STRAINED. THAT PEOPLE ARE STARTING TO GET 
          [00:30:08]
A LITTLE MORE SOCIAL AS THE WEEK GETS ON. IS THAT A FRIDAY JUNIOR PHENOMENON WITH THURSDAY FOR THE WEEKEND? IT'S JUST WHAT HAPPENS. YEAH. OKAY. YEAH. AND THOSE TRENDS HAVE CONTINUED YEAR AFTER YEAR. VERY SOLID WITH THOSE DAYTIME HOUR CALLS. SO IN TERMS OF HEALTH AND SAFETY, I'M HAPPY TO REPORT THAT THIS YEAR WE WERE ABLE TO INCREASE OUR CANCER SCREENING, WORKING WITHIN OUR YEARLY ANNUAL PHYSICALS. THIS YEAR WE WERE ABLE TO ADD THE GALLERY TEST, WHICH TESTS FOR 50 DIFFERENT TYPES OF CANCER FOR OUR MEMBERS, AS WELL AS ESOGUARD, WHICH IS EARLY ESOPHAGEAL CANCER SCREENING, WHICH IS VERY IMPORTANT FOR OUR MEMBERS. WE ALSO INSTALLED OVER $254,000 OF ASSISTANCE TO FIREFIGHTERS, GRANT FUNDED SPECIALIZED EXHAUST FILTERS ON OUR LARGE APPARATUS, VIRTUALLY ELIMINATING HARMFUL EMISSIONS. 
          AND I'D LIKE TO PAUSE MY PRESENTATION JUST FOR A MOMENT. AND CITY MANAGER FORD, I WANT TO PERSONALLY RECOGNIZE THE CONTRIBUTIONS THAT YOU'VE MADE IN CANCER PREVENTION OVER THE YEARS, WHETHER IT WAS REQUESTING EXTRACTORS IN THE FIRE STATIONS SO WE COULD WANDER OUR BUNKER GEAR EFFECTIVELY, OR PURCHASING SECOND SETS OF BUNKER GEAR, OR THE REMOVAL OF A TRIPLE F FOAM FROM OUR DEPARTMENT, AND ADDITIONAL CANCER SCREENING LIKE THIS. EVERY TIME WE'VE ASKED FOR YOUR HELP, YOU'VE NEVER TOLD US NO. AND IN FACT, THIS LAST BUDGET YEAR, YOU ASKED ME WHAT WOULD IT TAKE FOR WACO TO BECOME THE GOLD STANDARD IN CANCER PREVENTION FOR FIREFIGHTERS? AND I GAVE YOU THE INFORMATION, AND WE'RE DOING THAT. WE ARE BECOMING THE GOLD STANDARD OF ANY FIRE DEPARTMENT ACROSS THE COUNTRY IN CANCER PREVENTION. SO, AGAIN, ON BEHALF OF THE MEN AND WOMEN OF THE DEPARTMENT, I JUST WANTED TO PUBLICLY ACKNOWLEDGE THAT. AND THERE'S NOT MANY FIRE CHIEFS THAT COULD SIT HERE ACROSS THE COUNTRY AND SAY THAT THEIR BOSS NEVER SAID, NO, THANKS, CHIEF MEANS A LOT THIS COUNCIL SUPPORT TO OF SUPPORTING HIS DECISIONS. IT'S INCREDIBLE. WE ALSO EXPANDED ENGAGEMENT, COMMUNITY ENGAGEMENT WITH NEIGHBORHOOD ASSOCIATIONS ACROSS WACO WITH STRONG FOCUS ON COMMUNITY DRIVEN RISK REDUCTION. IN 2025, WE PARTNERED CLOSELY WITH THE CAMERON PARK NEIGHBORHOOD ASSOCIATION TO ADDRESS WILDLAND URBAN INTERFACE RISKS IN AND AROUND CAMERON PARK. WE COORDINATED A MULTI-AGENCY EFFORT INVOLVING THE WACO FIRE DEPARTMENT, THE TEXAS A&M FOREST SERVICE, PUBLIC WORKS, COMMUNITY ENGAGEMENT, PARKS AND RECREATION, ONCOR ENERGY, AND OTHER STAKEHOLDERS. WHAT DOES THIS LOOK LIKE? IT LOOKED LIKE CONDUCTING. EARLY MORNING HIKES ON SUNDAY MORNINGS AND DOING FIELD ASSESSMENTS TO IDENTIFY FIRE RISK, FUEL LOADING AND ACCESS CONCERNS. WE ORGANIZED COMMUNITY CLEANUP DAYS TO REMOVE DOWNED BRUSH AND REDUCE HAZARDOUS FUELS. WE FACILITATED TREE TRIMMING AND VEGETATION MANAGEMENT AROUND POWER LINES AND CRITICAL INFRASTRUCTURE. WE HOSTED A FIRST OF ITS KIND TRAINING CLASS IN TEXAS WITHIN THE NEIGHBORHOOD, DEMONSTRATING TRUST AND PARTNERSHIP, WHERE GOVERNOR GREG ABBOTT ATTENDED THE TRAINING SITE AND HELD A PRESS CONFERENCE ANNOUNCING HUNDREDS OF THOUSANDS OF DOLLARS IN STATEWIDE FUNDING FOR FIREFIGHTERS, HIGHLIGHTING HOW LOCAL PARTNERSHIPS MAKE MEANINGFUL RISK REDUCTION POSSIBLE. ANOTHER AREA WHERE WE'VE MADE GREAT STRIDES THIS PAST YEAR WAS GETTING THE WORD OUT ABOUT OUR FREE SMOKE ALARMS. MY GOAL AS FIRE CHIEF, AND IT MAY SEEM LOFTY, IS THAT EVERY OCCUPIED BUILDING IN THE CITY OF WACO, WHETHER A HOME OR A BUSINESS, HAS WORKING SMOKE ALARMS. ADDITIONALLY, IN OCTOBER, THE CITY ADOPTED THE 2024 INTERNATIONAL BUILDING CODES, WHICH INCLUDES FIRE CODES. NOW WORKING WITH DEVELOPMENTAL SERVICES AND THE LEGAL DEPARTMENT, WE WERE ABLE TO ALSO INCLUDE ENHANCED CODES ABOVE WHAT THE BASE CODES REQUIRE TO ADDRESS THE EMERGING ISSUE OF ELECTRICAL VEHICLE CHARGING IN PARKING GARAGES, AS WELL AS MICROMOBILITY DEVICE CHARGING IN COMMERCIAL BUILDINGS. WACO IS LEADING THE WAY IN TAKING PROACTIVE SAFETY 
          [00:35:07]
MEASURES. OUR FUTURE IS BRIGHT. IN 2026, WE WILL OPEN THE NEW STATION FOR ALMOST ALL AVENUE. 
          WE WILL TAKE DELIVERY OF FIVE LARGE FIRE APPARATUS, AND WE WILL REPLACE OUR ENTIRE INVENTORY OF SELF-CONTAINED BREATHING APPARATUS, WHICH IS THE AIR TANK THAT YOU SEE ON OUR BACKS. WE WILL CONDUCT A PILOT PROGRAM OF LIGHTWEIGHT PARAMEDIC SQUADS TO REDUCE STRAIN DURING PEAK HOURS, TO IMPROVE PATIENT CARE AND REDUCE STRAIN DURING THOSE PEAK HOURS THAT I MENTIONED A COUPLE OF SLIDES AGO, WE WILL CONTINUE COMMUNITY ENGAGEMENT AND RISK REDUCTION EFFORTS THROUGH PUBLIC EDUCATION PARTNERSHIPS AND SEEKING OUT OPPORTUNITIES TO MAKE A DIFFERENCE. WE ARE ALSO EXCITED TO WORK WITH THE WACO POLICE DEPARTMENT TO ONBOARD THE PUBLIC SAFETY PSYCHOLOGIST FOR BOTH AGENCIES THAT WAS APPROVED IN THE BUDGET. 
          AND YOU'VE HEARD ME SAY IT BEFORE, THAT THE FIRE DEPARTMENT IS 100% ABOUT HELPING PEOPLE 100% OF THE TIME. WE LIVE THAT PHILOSOPHY EVERY DAY. AND BECAUSE OF THIS COUNCIL AND THE CITY MANAGEMENT SUPPORT, WE HAVE A LOT OF MOMENTUM MOVING FORWARD TO CONTINUE KEEPING EACH RESIDENT AND VISITORS SAFE. THANK YOU, THANK YOU, THANK YOU. CHIEF FERGUSON. ANY QUESTIONS FOR CHIEF OR COMMENTS? JUST WANT TO CALL OUT. YOU LEFT OFF ONE ACCOMPLISHMENT AND LIKELY, YOU KNOW, TO DO SO WOULD MEAN MAYBE OFFENDING OTHER CITY DEPARTMENT. 
          BUT YOU ARE THE REIGNING GUNS AND HOSES CHAMPION, RIGHT? THAT'S THAT'S MULTIPLE YEARS RUNNING NOW. THAT'S CORRECT. YEAH. HE'S TRYING NOT TO SPIKE THE FOOTBALL. BASKETBALL IS IT? MAYBE I WAS JUST REMINDED BY THE PHOTO OF CHIEF VICTORIAN AND THE FIRE REGALIA THERE. 
          THAT WAS ME. YEAH. TROLLING MY PUBLIC SAFETY. THAT WAS EXPERT LEVEL TROLLING. YEP. BUT REALLY THE I AGREE WHOLEHEARTEDLY. YOU KNOW, THE MOST IMPORTANT THING THAT YOU COMMUNICATED TODAY WAS THE ZERO FIRE DEATHS THIS YEAR. AND THE TREND THAT WE'RE ON RIGHT NOW TO TO BE RECORD SETTING. AND, YOU KNOW, OUR RESPONSE TIMES, OUR CREWS EXPERTISE AND THE CONTINUED SUPPORT OF THIS COUNCIL AND CITY MANAGEMENT TO MAKE SURE THAT YOU GUYS ARE OUTFITTED WITH ALL THAT YOU NEED TO PROVIDE THE NECESSARY SERVICES FOR, FOR SAFETY AND RESPONSE FOR OUR COMMUNITY. WE'RE REALLY, REALLY FORTUNATE TO HAVE A FIRE DEPARTMENT THAT WE CAN SO OFTEN AND EASILY BRAG ON. AND THAT MAKES US LOOK GOOD, RIGHT? YOUR PERFORMANCE MAKES IT EASY FOR US WHENEVER IT COMES TIME TO TO HAVE TO MAKE A DECISION ON, HEY, DO WE FUND THIS FOR FIRE? BECAUSE WE HAVE THE PROOF IN THE PUDDING HERE. SO REALLY APPRECIATE THE WORK YOU GUYS ARE DOING. I JUST HAVE A WONDERING QUESTION. I DON'T KNOW WHERE WE FALL. KENDRICK ELEMENTARY ACCIDENTALLY DOING THE FIRE DRILL THERE. DID SOMEONE FALL UNDER GOOD INTENT CALL OR SERVICE CALL? NO. WITH OUR NEW BUILDING, IT'S GONE OFF A COUPLE OF TIMES AND THEY'RE JUST WONDERFUL. THEY'RE THEY'RE WITHIN A FEW MINUTES. THAT WAS. I'M SO EMBARRASSED. I'M LIKE, I'M SO SORRY. THAT WOULD BE A GOOD INTENT CALL. GOOD INTENT, GOOD INTENT. CHIEF, THANK YOU FOR YOUR YOUR PRESENTATION. I AND EVEN IN ALL THE THINGS THAT WE'VE DONE AND BEING PROACTIVE IN THE HEALTH AND WELLNESS OF OUR OUR MEMBERS OF THE FIRE DEPARTMENT, ARE THERE ANY THINGS THAT ARE CUTTING EDGE THAT WE'RE LOOKING FORWARD TO, THAT WE SHOULD BE PREPARING FOR? OTHER BEST PRACTICES OF OTHER CITIES, ANYTHING LIKE THAT, BECAUSE I KNOW WE TRY TO STAY ON TOP OF MAKING SURE THAT YOU ALL HAVE EVERYTHING YOU NEED. AND, YOU KNOW, WITH THE CITY MANAGEMENT TEAM AND WITH THIS COUNCIL, YOU KNOW, WE'VE KIND OF BEEN REALLY INTENTIONAL ABOUT THAT, AT LEAST SINCE I'VE SERVED. BUT, YOU KNOW, JUST JUST LOOKING FORWARD. IS THERE ANYTHING THAT'S NEXT? THERE'S I'M SURE QUITE A FEW THINGS AS WE STAY ON TOP OF OF ALMOST ALL OF THE TRENDS NATIONWIDE, TECHNOLOGY IS EVOLVING AT SUCH A FAST PACE THAT, YEAH, WE'LL BRING THOSE FORWARD AS THEY COME. WE HAVE THEM. YES, MA'AM. THANK YOU. I JUST WANTED TO MAKE SURE THAT, YOU KNOW, I MEAN, I KNOW THAT THAT'S WHAT WE DO AND WE WE PUNCH ABOVE OUR WEIGHT IN MOST THINGS. AND I SAY THAT WITH ALL THE BIAS IN MY HEART, BUT, YOU KNOW, JUST WANTING TO MAKE SURE THAT THERE WASN'T ANY ANYTHING LEFT. I MEAN, I CONTINUE TO APPLAUD THE DIVERSIFICATION OF OUR, OUR, OUR RANKS AND HOW WE'RE ADVANCING. MORE YOUNG PEOPLE, 
          [00:40:04]
MORE WOMEN, MORE PEOPLE OF COLOR IN, IN, IN THESE PUBLIC SAFETY ROLES, YOU KNOW, SO JUST IF THERE'S SOME LOOKOUT, SOMETHING THAT SOMEBODY'S DOING, YOU KNOW, AND WE'LL KEEP OUR EYES OPEN AS WE, YOU KNOW, ENGAGE WITH OTHER COMMUNITIES AND STUFF. BUT WE WANT TO STAY ON TOP OF THAT. MAYOR PRO TEM, IF I, YOU KNOW, KIND OF COMING TO THE END OF MY JOURNEY HERE AT THE CITY. AND SO THINKING ABOUT A LOT OF PROGRESS BEING MADE UNDER CHIEF'S LEADERSHIP AND THE TEAM'S LEADERSHIP AND FIRE. BUT WHEN I GOT TO WACO, YOU'LL RECALL SOME OF THIS. AND MAYOR AS WELL, OUR APPARATUS CONDITION WAS IN HORRIBLE SHAPE AND WE'VE MADE SO MUCH PROGRESS. 
          THE REALITY, THOUGH, IS IT'S BEEN A FEW YEARS SINCE WE STARTED THAT WORK. IT'S GOING TO HAVE TO GET CONTINUED. IN THE COMING YEARS. AND SO THE BILL IS GOING TO COME DUE ON THOSE PRIMARY UNITS THAT MOVE INTO SECONDARY, HAVE TO KEEP THAT PRESSURE ON THE APPARATUS REPLACEMENT PLAN, AND THAT WILL BE A SIGNIFICANT BUDGET IMPACT DOWN THE ROAD. BUT CHIEF FERGUSON, KIND OF THE ORIGINAL AUTHOR OF THE APPARATUS REPLACEMENT STRATEGY. AND SO I KNOW HE'LL KEEP IT FRONT AND CENTER, BUT THAT'S SOMETHING TO KEEP ON YOUR MINDS AS A COUNCIL THAT WILL NOT BE INEXPENSIVE. LIFE EXPECTANCY. 15 YEARS. OF THE APPARATUS. LET ME BE CLEAR. 
          YEAH. ANYTHING ELSE? OKAY, I WAS OKAY. YEAH, JUST I WAS THINKING THAT BRADLEY'S. YOU WERE SAYING THAT WE'VE GOTTEN PRETTY CREATIVE IN THESE LAST 18 YEARS SINCE, I GUESS ANDRE AND I'VE BEEN AROUND THE LONGEST HERE. BUT BECAUSE YOU'RE LEASING SOME, YOU'RE YOU'RE YOU'RE LOOKING FOR GOOD FINANCING TERMS AND YOU'RE LOOKING FOR JUST A WAY TO UPGRADE OUR, OUR APPARATUS AND OUR FIRE TRUCKS, FOR LACK OF BETTER TERM, IN THE MOST ECONOMIC WAY POSSIBLE. SO I APPRECIATE THE CREATIVITY. NEW FIRE STATIONS IN 15 AND FOUR. 
          THAT'S IN FOUR. WHEN IS IT GOING TO BE READY? BY THE END OF THE YEAR OR WHEN IS FOUR GOING TO BE FINISHED? IT SHOULD BE IN FALL. OKAY, COOL. FIVE NEW FIRE TRUCKS COMING ON THEIR WAY THIS YEAR, 14 NEW FIREFIGHTERS, NO FIRE FATALITIES IN THREE YEARS. 
          THAT'S GREAT REPORT. ONE THING THAT YOU BROUGHT UP IS THE KERRVILLE. YOU KIND OF DIDN'T MAKE A BIG DEAL OUT OF IT. JUST TYPICAL. YOU GUYS DON'T LIKE TO BRAG ON STUFF, AND I, I JUST WANT TO BRAG A LITTLE BIT ON YOU BECAUSE WHEN THAT HAPPENED ON JULY 4TH, THE NEXT DAY, I WAS TALKING TO THE KERRVILLE MAYOR, AND RIGHT AFTER I TALKED TO HIM, I CALLED. IT WAS EITHER YOU OR RYAN OR ASSISTANT CITY MANAGER HOLT, AND YOU GUYS WERE ALREADY ON IT. I MEAN, YOU ALREADY PLUGGED INTO THE STATEWIDE EMERGENCY SYSTEM YOU HAD. I THINK YOU HAD A COUPLE GUYS DOWN THERE AND YOU HAD APPARATUS READY TO GO. SO THAT JUST SPEAKS WELL, NOT ONLY FOR WHAT YOU DO IN WACO, BUT WHAT YOU DO STATEWIDE IS PRETTY AMAZING. ONE THING THAT, AGAIN, WHEN I TALK ABOUT FIRE, OUR WACO FIRE DEPARTMENT, I ALWAYS TALK ABOUT THE ISO ONE RATING. 
          SO IT'S ANOTHER THING YOU DIDN'T TALK ABOUT TODAY, WHICH IS REALLY ONE OF THE TOP 2 OR 3 THINGS, I THINK GOING ON WHICH WHICH YOU DIDN'T BRING UP. AND AT SOME POINT I'D LIKE BECAUSE WHAT THE RATING IS, FOR THOSE OF YOU THAT ARE TUNING IN, IT'S IF YOU HAVE THAT HIGH RATING, WHICH IS BASED ON WHERE YOU'RE WHERE YOUR FIRE STATIONS ARE, HOW QUICKLY YOU RESPOND, AND JUST REALLY THE QUALITY OF YOUR FIRE DEPARTMENT. AND WE HAVE THE HIGHEST RATING IN THE UNITED STATES OF, IN THE ISO, IT'S AN ISO ONE RATING. AND WHAT IS IF THAT DOES YOU HAVE AN ISO ONE RATING, EVERY, EVERY I THINK IT'S EVERY CITIZEN OR EVERY HOMEOWNER GETS A BREAK ON THEIR INSURANCE RATES. AND SO IT WOULD BE INTERESTING TO ME, AND I DON'T KNOW IF WE CAN DO THIS OR NOT, FIGURE OUT WHAT THE RATE WOULD WHAT WOULD INSURANCE BE WITH THE ISO ONE AND WITHOUT THE ISO ONE, HOW MUCH GROSS DOLLARS ARE WE SAVING THE CITIZENS OF WACO IN THAT EQUATION? GEORGE, DO YOU HAVE THAT CALCULATED? THAT'S MILLIONS OF DOLLARS ANYWAY. 
          ALRIGHT ANYWAY. WELL, I'LL, I'LL FOLLOW UP WITH YOU ON THAT. BUT JUST THAT, THAT RATING AMONGST ALL THE OTHER THINGS YOU'RE DOING HERE. PLUS I WILL SAY CHIEF VICTORIA LOOKS GOOD IN BLUE BUT SHE LOOKS GOOD IN RED THERE TOO. I JUST IT'S PRETTY AMAZING. SHE'S GETTING USED TO IT APPARENTLY. YEAH. ALL RIGHT, THAT'S ALL I'VE GOT. ANY OTHER QUESTIONS ON THIS ONE? THAT THAT CONCLUDES THE WORK SESSION FOR CITY MANAGER FORD. INTRODUCE THE NEXT SPEAKER ON WORK SESSION FIVE. YEAH. WELL ROBBIE'S GOING TO STAY WITH US FOR A MINUTE ON 005. IT'S A DISCUSSION OF ADOPTION OF THIRD PARTY FIRE AND LIFE SAFETY INSPECTION, TESTING AND MAINTENANCE REPORTING THROUGH A NEW SOFTWARE CALLED INSPECTION REPORTS ONLINE. THIS IS A THIRD PARTY TOOL THAT CHIEF WOULD LIKE TO PURSUE. IT'S ACTUALLY ON YOUR AGENDA TONIGHT, AS WELL 
          [00:45:03]
AS A RESOLUTION. OH FIVE ONE AS AN IMPROVEMENT PROGRAM THAT WILL HELP ON THIRD PARTY INSPECTIONS. SO WANT CHIEF TO WORK THROUGH THAT AND EXPLAIN IT TO YOU AND SEE IF YOU HAD ANY QUESTIONS. CHIEF. AND WE'RE BACK. YEP. ALL RIGHT. GOOD AFTERNOON. I'LL BE PRESENTING A PROPOSAL TO AMEND THE ORDINANCE TO ALLOW THE WACO FIRE DEPARTMENT TO ADOPT THIRD PARTY INSPECTION, TESTING AND MAINTENANCE REPORTING THROUGH INSPECTION REPORTS ONLINE. WITH OVER 6900 COMMERCIAL OCCUPANCIES AND AROUND 1300 WITH FIRE PROTECTION SYSTEMS, IT IS DIFFICULT TO ENSURE THAT THESE SYSTEMS ARE OPERATIONAL AND IN COMPLIANCE. BECAUSE OF THIS, SYSTEMS CAN GO UNCHECKED, SOMETIMES FOR YEARS AT A TIME, FALLING BETWEEN THE CRACKS. AND AS OTHER COMMUNITIES HAVE SEEN, THIS CAN LEAD TO SIGNIFICANT PROPERTY LOSS AND POTENTIALLY JEOPARDIZE LIVES IN THE EVENT OF A FIRE. ADDITIONALLY, WE USE A PAPER BASED SYSTEM FOR REPORTING COMPLIANCE FROM THE COMPANIES THAT DO THESE INSPECTIONS, WHICH IS SLOW AND INEFFICIENT. IF APPROVED, USING A THIRD PARTY ONLINE PORTAL FOR REPORTING WILL DO THREE THINGS. 
          IT WILL ONE. MAKE THE COMMUNITY SAFER TWO MAKE MAINTAINING COMPLIANCE FOR FIRE PROTECTION SYSTEMS EASIER FOR BUSINESSES, AND THREE IMPROVE EFFICIENCIES WITHIN THE FIRE DEPARTMENT. 
          WE'RE REQUESTING AUTHORIZATION FOR THE FIRE MARSHAL TO REQUIRE ALL INSPECTION, TESTING AND MAINTENANCE REPORTS FOR FIRE AND LIFE SAFETY SYSTEMS TO BE SUBMITTED THROUGH A THIRD PARTY ONLINE PORTAL. THIS SHIFT WILL IMPROVE THE INITIAL COMPLIANCE AND MAKE IT EASIER FOR BUSINESSES TO CORRECT DEFICIENCIES, DOCUMENT REPAIRS AND MODERNIZE RECORD KEEPING. 
          ULTIMATELY, WE WILL SEE MORE FUNCTIONING SYSTEMS, FEWER FALSE ALARMS, AND BETTER COMMUNITY SAFETY, ALL AT NO COST TO THE CITY. EACH YEAR. BY USING THIS MODEL, COMPLIANCE INEVITABLY IMPROVES AND ON AVERAGE, AFTER JUST A FEW YEARS, MOST CITIES IMPROVE TO NEARLY 90% COMPLIANCE. CURRENTLY, OUR PAPER AND EMAIL REPORTS SLOW ENFORCEMENT AND DELAY FIXES. 
          MUCH REPORTING IS ON THE HONOR SYSTEM, AND WE CAN ONLY IDENTIFY PROBLEMS BY ACTUAL SITE VISITS, THIRD PARTY PORTALS, STANDARDIZED DATA, AUTOMATE NOTICES, AND PROVIDE DASHBOARDS SO THAT WE CAN TARGET THE HIGHEST RISK OCCUPANCIES. MANY TEXAS CITIES USE THIRD PARTY INSPECTION INSPECTION PORTALS TO RAISE COMPLIANCE AND REDUCE WORKLOAD. 
          SOME OF THOSE CITIES INCLUDE AUSTIN, FORT WORTH, DENTON, SAN MARCUS, VICTORIA, SHERMAN, MURPHY, MCKINNEY, AND STAFFORD, JUST TO NAME A FEW. SIMILAR TO WHAT OUR OWN INSPECTION SERVICES IS ALREADY DOING WITH THEIR VIRTUAL INSPECTIONS, WHICH CAN BE USED ON ANY DEVICE ANYWHERE, SAVING TIME AND STREAMLINING THE INSPECTION PROCESS. OUR PROPOSAL STREAMLINES THE REPORT SUBMISSION PROCESS WITHOUT ANY DOWNLOADS. OUR STAFF IS CHALLENGED TO KEEP UP WITH THE WORKLOAD, AND THIS THIRD PARTY APPROACH HAS BEEN DESCRIBED AS A GAME CHANGER BY MORE THAN ONE CITY THAT WE'VE TALKED WITH. THERE ARE LIKELY FIRE PROTECTION SYSTEMS THAT HAVE NEVER BEEN REPORTED. THIS APPROACH WILL GIVE US BETTER VISUALIZATION OF THE PROBLEM SO WE CAN ADDRESS IT. THE INFORMATION FROM INSPECTIONS AND REPORTING, BECAUSE IT'S ONLINE, IS AVAILABLE ALSO IN REAL TIME TO RESPONDING FIREFIGHTERS, ALLOWING THEM TO MAKE BETTER DECISIONS. AND WHAT YOU'RE LOOKING AT THE PICTURE THERE IS A SPRINKLER HEAD, SEVERAL SPRINKLER HEADS THAT WE RECENTLY FOUND DURING AN INSPECTION. IT WAS 75 YEARS OLD, AND IT'S COMPLETELY CAKED IN DIRT AND GRIME, WHICH WON'T LIKELY OPERATE CORRECTLY. WHAT? ARE A COUPLE OF OTHER EXAMPLES? IN THE PAST, WE'VE DISCOVERED A LARGE, SIX STORY OCCUPIED OFFICE BUILDING WITH AN INOPERABLE SPRINKLER SYSTEM FOR OVER TWO YEARS. WE'VE ALSO RECENTLY ENCOUNTERED A FIRE DEPARTMENT CONNECTION, OR FDC, WITH A LATER INSTALLED GAS METER BLOCKING ACCESS TO WHERE WE WOULD HOOK UP OUR HOSES TO SUPPLY THE SYSTEM. THESE ARE THE TYPES OF PROBLEMS THAT WE'RE TRYING TO ADDRESS. AS THE FIRE CHIEF, WHOSE RESPONSIBILITY IS COMMUNITY SAFETY. KNOWING THAT SYSTEMS ARE OUT THERE THAT MAY NOT OPERATE AS THEY SHOULD, ARE THE KINDS OF THINGS THAT KEEP ME UP AT NIGHT. IS THAT BURGERMEISTER? MEISTERBURGER? IT IS, YES. AND THIS WAS SUPPOSED TO BE JUST 
          [00:50:01]
BEFORE CHRISTMAS, IF YOU RECALL. OKAY, HERE WE GO. IT DOES. SO IN TERMS OF WORKFLOW, A LICENSE PROVIDER WOULD COMPLETE THE INSPECTION, TESTING OR MAINTENANCE AND SUBMIT THE REPORTS THROUGH INSPECTION. INSPECTION REPORTS, ONLINE PORTAL. THE INSPECTION REPORTS ONLINE PORTAL THEN VALIDATE INSPECTION REPORTS ONLINE, THEN VALIDATES THE REQUIRED FIELDS AND ROUTES. THE INFORMATION TO THE FIRE DEPARTMENT'S DASHBOARD DEFICIENCIES ARE CATEGORIZED AND TRACKED. OWNERS RECEIVE AUTOMATIC NOTICES, AND THE OWNERS CAN UPLOAD PROOF OF THE CORRECTION THEMSELVES. WE VERIFY THE CORRECTION AND THE LOOP IS CLOSED. NOW THERE'S A $36 SUBMITTAL FEE PER REPORT, WITH $10 OF THAT BEING AN ADMINISTRATIVE FEE TO THE CITY OF WACO. THAT $10 IS SIGNIFICANTLY LOWER THAN MANY TEXAS CITIES, WITH 17 ON THE LOW END OF THE ONES THAT WE CONTACTED IN 30. BEING ON THE HIGH END. MOVING FORWARD, WE'LL BE BRINGING AN ORDINANCE FOR INDIVIDUAL CONSIDERATION THIS EVENING DUE TO THE PRESENTATION BEING PUSHED BACK FROM DECEMBER, WE ARE ALREADY COLLABORATING WITH COMMUNICATIONS AND MARKETING ON A MESSAGING STRATEGY. WE ALSO PLAN TO MEET WITH FIRE PROTECTION SERVICE COMPANIES TO ENSURE THAT THEY FULLY UNDERSTAND THE NEW REQUIREMENTS AND PROCESS, AND TO UPDATE INFORMATION ON OUR WEBSITE ACCORDINGLY. WE AIM FOR FULL IMPLEMENTATION ON JUNE 1ST OF THIS YEAR. WHAT YOU ARE LOOKING AT IN THE PICTURE IS SOMETHING THAT MCKINNEY HAS DONE, WHICH IS PLACING EDUCATIONAL DECALS ON FIRE PROTECTION SYSTEMS SO THAT THE FIRE ALARM COMPANIES ARE REMINDED OF THE NEW METHOD TO SUBMIT THE REPORT, AND OFFERS A QR CODE SO THAT THEY CAN EASILY DO SO. IN SHORT, THIS CHANGE IS ABOUT REQUIRING THE ONLINE SUBMISSION OF REPORTS, MAKING THE PROCESS EASIER, INCREASING SAFETY, AND ENHANCING EFFICIENCIES. THANK YOU. THANK YOU, CHIEF FERGUSON. ANY COMMENTS OR QUESTIONS ON THIS REPORT? I HAVE A QUICK QUESTION. THANK YOU VERY MUCH. SO THE INITIAL INSPECTION TEST THAT'S JUST DONE BY THE THE FIRE ALARM COMPANY, SAME AS THEY WOULD ALWAYS DO. THAT'S CORRECT. AND ARE THOSE ANNUAL OR MANY OF THEM ARE ANNUAL. THERE'S AN INITIAL AN ANNUAL. THANKS. ANY OTHER COMMENTS? REALLY APPRECIATE THIS CHIEF FERGUSON. AND IT REFLECTS WHAT WE'RE ALL TRYING TO DO HERE IN THE CITY IS CONTINUOUS IMPROVEMENT AND SYSTEMS AND PROCESSES. AND I LOVE THE INTENTIONAL REFLECTION ON HOW YOU GUYS LOOKED AT THE WORKFLOW PROCESS AND ASK YOURSELF, HOW CAN WE MAKE THIS BETTER? AND GOING FROM PAPER BASED TO A SOFTWARE SYSTEM, JUST IT'S BEST ALL THE WAY AROUND AS FAR AS EFFICIENCY, IMPROVED RECORD KEEPING, AND ULTIMATELY SAFER, AS YOU POINTED OUT. SO I APPRECIATE THE WORK YOU GUYS HAVE DONE ON THIS. SO IN THIS ENDEAVOR, I JUST YOU PRONOUNCE IT, I ROLL RIGHT, WHICH I SO I WAS TOLD TO WHEN I THINK YOU GUYS WE HAD THE PRELIMINARY YOU GUYS STARTED TALKING ABOUT I ROLL AND I JUST OH MAN WE'RE TALKING ROLL ABOUT THE EYE WHICH IS NOT. IT WAS RECOMMENDED THAT I NOT USE I YOU DID GOOD IN THE PRESENTATION. YOU DID GOOD THERE. I BROUGHT IT UP. SO NO, I APPRECIATE THE REPORT. THANKS. ANY OTHER QUESTIONS? ANYTHING ELSE WE NEED TO COVER? CITY MANAGER FORD. THANKS, CHIEF. THE NEXT WORK SESSION ITEM IS 2020 6-006. WE'RE GOING TO TALK ABOUT THE 2026 CEOS. THAT'S CORRECT. WE'VE ACTUALLY ON WORK SESSION OH SIX. WE'VE GOT SEVERAL FOLKS COMING UP TO THE TABLE. WE'VE GOT OUR ACM SLASH CHIEF FINANCIAL OFFICER AS WELL COLIN BOOTH, OUR MANAGING DIRECTOR OF FINANCE, BOTH THE STAFF MEMBERS. AND THEN FROM A CONSULTING TEAM STANDPOINT, WE'VE GOT BLAKE ROBERTS COMING UP, MANAGING DIRECTOR OF PFM FINANCIAL ADVISORS, AND ESTHER YOUNG, MANAGING DIRECTOR OF FINANCIAL CONSULTING. AND IF ANY OF THEM MESS UP, WE HAVE GLEN OPEL IN THE AUDIENCE IF NEEDED. SO HE'S HE'S BACK THERE, HIS BACKUP. WE'VE GOT A GREAT TEAM HERE WORKING ON YOUR 2026 CIP. AND I LOOK FORWARD TO BLUE KICKING US OFF. THANK YOU MAYOR FORD MAYOR COUNCIL, GOOD TO BE WITH YOU TODAY. DISCUSS THE LAST STEP IN OUR ANNUAL DEBT ISSUANCE PROCESS. SO IF YOU RECALL, YOU KNOW, THE ENTIRE 
          [00:55:01]
PROCESS WE DO IS WHEN WE'RE PUTTING THE BUDGET TOGETHER, WE'LL COME TO YOU IN THE BUDGET RETREAT, START TALKING ABOUT THE CIP PROJECTS THAT WE WANT TO GET DONE AND HOW THOSE ARE GOING TO BE FINANCED OR CASH FUNDED. COME BACK TO YOU IN AUGUST AND SEPTEMBER AS WE AS WE SOLIDIFY THAT PLAN, PRESENT THAT BUDGET TO YOU. ONCE THAT BUDGET IS ADOPTED, WE START MOVING FORWARD WITH THOSE CIP PROJECTS AND MAYOR COUNCIL. THIS IS THIS IS THE LAST STEP IN THE ACTUAL DEBT ISSUANCE PROCESS, LIKE I SAID. SO AS WE LOOK FORWARD TO THIS, WE GO THROUGH THIS PRESENTATION AND THEN THERE WILL BE AN ORDINANCE LATER ON CALLED THE PARAMETERS ORDINANCE THAT WILL AUTHORIZE US TO ACTUALLY MAKE THE TRANSITION AND SELL THIS DEBT ON BEHALF OF THE CITY OF WACO. SO FOR NOW, WHAT WE'RE GOING TO GO THROUGH, I'M GOING TO TURN IT OVER TO COLLIN TO GO THROUGH SOME OF THE CIP. WHAT WHAT WE ACTUALLY ADOPTED IN THE BUDGET TO BE DEBT FINANCED. WE ALWAYS WANT TO LOOK AT THE DEBT ANALYSIS AND THE UTILITY RATE STRUCTURE, SEE HOW THIS IMPACTS US. AND THEN WE'RE GOING TO HAVE BLAKE ROBERTS GO THROUGH THE PLAN OF FINANCE. GREAT. THANK YOU BLUE. GOOD AFTERNOON MAYOR AND COUNCIL. SO THIS IS THE 2026 CIP. SOURCES OF SOURCES AND USES. EXCUSE ME. THAT'S WORKING HERE OKAY THERE WE GO. THANK YOU. SORRY ABOUT THAT. SO THESE ARE OUR SOURCES AND USES FOR OUR CIP. THIS IS BASICALLY THE BREAKDOWN OF THE DIFFERENT PROJECTS THAT ARE GOING TO MAKE UP THIS 2026 DEBT ISSUANCE. AND I'M JUST GOING TO GIVE A HIGH LEVEL OVERVIEW HERE. SO THE FIRST PROJECT ON THE LIST IS FIRE STATION NUMBER EIGHT DESIGN. THAT'S ABOUT $1.1 MILLION WE'VE GOT UNDER THE BRIDGE AND STREET PROGRAM. WE'VE GOT BRIDGE RECONSTRUCTION AT ABOUT $6.5 MILLION. AND THE BETTER STREETS WACO PROGRAM, WHICH IS RECONSTRUCTION AND REHABILITATION, 34.2 MILLION, FOR A TOTAL OF 40.7 MILLION. WHEN WE LOOK AT THE COTTONWOOD CREEK GOLF COURSE PROJECTS, THERE ARE ACTUALLY TWO DRAINAGE PROJECTS OUT THERE AT THE GOLF COURSE. THOSE TOTAL 2.912 MILLION. AND THEN FINALLY, WHEN WE LOOK AT OUR ENTERPRISE UTILITY SYSTEM DEBT, WHICH IS OUR WASTEWATER WATER AND W MARS DEBT, THAT'S TOTALING $55,675,000, THAT IS 10.4 MILLION FOR WASTEWATER, 36,275,000 FOR WATER, AND WANTED TO HIGHLIGHT THE WEST SIDE OF THE LAKE WATER PROJECT THERE. THAT'S ONE THAT YOU ALL HAVE HEARD ABOUT IN THE PAST. 
          AND THEN THE WACO METRO AREA SEWER SYSTEM PROJECTS 9 MILLION TOTAL THERE, FOR A TOTAL OF 55,675,000. SO THE TOTAL DEPOSIT TO THE CONSTRUCTION FUND IS $100,365,403. AND AS BLUE WAS MENTIONING EARLIER, THESE PROJECTS WERE PRESENTED TO THE CITY COUNCIL BACK DURING OUR BUDGET PRESENTATION IN AUGUST, AND THEN THEY WERE ADOPTED AS A PART OF OUR OPERATING AND CIP BUDGET BACK IN SEPTEMBER. AND THEN WHEN I PRESENTED THE NOTICE OF ISSUANCE PRESENTATION BACK ON NOVEMBER 4TH, THESE ARE BASICALLY THE SAME PROJECTS THAT WERE DISCUSSED BACK THEN, AND THERE WERE NO CHANGES TO THESE PROJECTS AS THEY WERE PRESENTED TO THE CITY COUNCIL. WELL, WE HAVE A LITTLE PAUSE THERE. THE W IS THE SOURCE OF REPAYMENT IS THROUGH THE W MARS KIND OF PARTNERSHIP WITH ALL THE OTHER CITIES. RIGHT. IT'S NOT COMING STRAIGHT FROM THE CITY. SO THERE IS OKAY, GOOD. WHERE THE FIRST CATEGORY OF WASTEWATER IS ALL CITY OF WACO. THE W MARS IS THE. THAT'S CORRECT. THE PARTNERSHIP OKAY THROUGH THOSE SPECIFIC REVENUE SOURCES IS THE IS THE WAY WE WILL PAY THESE BACK. THAT GETS INTO THE THE OVERALL DEBT PROFILE. YOU KNOW YOU LEAD INTO THAT. AND I APPRECIATE THIS. 
          ANYTIME WE'RE ABOUT TO ISSUE DEBT WHERE WE ARE HAVING DEBT UP AS A AN ITEM FOR YOUR CONSIDERATION, WE WANT TO BE THOUGHTFUL THROUGH THIS PROCESS. WE WANT TO MAKE SURE THAT WE ARE USING OUR DOLLARS EFFICIENTLY AND EFFECTIVELY FOR THE RESIDENTS. SO ANYTIME WE'RE LOOKING AT THIS, WE'RE GOING TO LOOK AT OUR OVERALL DEBT PROFILE AND HOW THAT FITS INTO WHAT WE ARE DOING. SO AS OF TODAY, DEBT PROFILE ON THE CITY. THIS IS A TOTAL PRINCIPAL OUTSTANDING OVER THERE ON THE LEFT 2026. YOU HAVE JUST OVER $1 BILLION OF DEBT OUTSTANDING. 
          THAT'S BROKEN UP BY GENERAL DEBT, WHICH THE GENERAL DEBT IS THE ONE THAT IS PROPERTY TAX BACKED. THEN EVERYTHING ELSE ABOVE THAT ON THOSE STACKS IS ALL A SPECIFIC REVENUE SOURCE FROM THE USE OF THOSE SPECIFIC SYSTEMS. SO YOUR WATER, YOUR WASTEWATER, SOLID WASTE 
          [01:00:01]
DRAINAGE, AND THEN THE REVENUES DERIVED FROM GROWTH IN THE THE TAX INCREMENT FUNDS. SO RIGHT THERE, SITTING THERE AT $1 BILLION, YOU SEE THE GOOD CASCADE. THAT'S YOUR AMORTIZATION AS THAT ROLLS OFF. THIS IS WHAT WE HAVE IN AS OF TODAY WITH THE ISSUANCE. YOU KNOW THAT RIGHT AROUND THAT $100 MILLION MARK, YOU WILL GO UP TO 1.1 BILLION, AND YOU'LL SEE THAT THE TWO THAT HAVE INCREASED ARE ARE THE GENERAL DEBT AND THE WATER AND WASTEWATER. SO AGAIN, THE GENERAL DEBT THAT IS BUILT INTO THE TAX RATES. SO THAT IS PART OF THE THE TAX RATE THAT OUR HOMEOWNERS AND OUR BUSINESSES WILL PAY. AND THEN THE WATER AND WASTEWATER WILL COME THROUGH THE THE USE OF THOSE SYSTEMS. WE ALWAYS WANT TO BE MINDFUL. I MEAN, LOOKING AT THIS IN A VACUUM, ON ONE ISSUANCE WITHIN THE CITY OF WACO, JUST AT ONE GIVEN MOMENT, IT DOESN'T TELL US EXACTLY EVERYTHING THAT WE NEED TO KNOW. 
          SO WHAT WE ALWAYS WANT TO DO IS LOOK AT IT ON TWO DIFFERENT METRICS. AND THESE ARE THE METRICS THAT WE'VE STARTED USING HERE, THE DEBT PER CAPITA AND SEEING A PEER COMPARISON TO MAKE SURE THAT WE'RE ON TRACK WITH SIMILAR CITIES AS FAR AS THAT IS CONCERNED. YOU KNOW, WHAT WE'RE PROJECTING IN FOR 2025 AND 2026 ON OUR NUMBERS. THESE ARE UNAUDITED NUMBERS. 
          THIS IS WHAT WE'RE ESTIMATING THOSE TO BE. AND THAT 2026 AFTER THIS ISSUANCE, WE WON'T HAVE ANY OF OUR PEER CITY INFORMATION UNTIL WE'LL HAVE 2025 PROBABLY IN ABOUT APRIL. 
          ONCE EVERYBODY, EVERY OTHER CITY POSTS THEIR ACFR, WE'LL BE ABLE TO GO THROUGH AND DO THE 2025 ANALYSIS, BUT WE WILL NOT HAVE 2026 UNTIL 2027 WHEN THOSE FACTORS ARE PRODUCED. SO WHAT WE'VE DONE HERE IS WE'VE TAKEN OUR NUMBERS, WHAT WE EXPECT THEM TO BE. AND JUST COMPARED TO THE 2024, THE LAST KNOWN AVERAGES THAT WE HAVE, AND YOU CAN SEE WACO ON THE LEFT CHART, WACO DEBT PER CAPITA SITTING RIGHT AT THAT $2,000 PER CAP. IT'S GOING TO BE CONSISTENT THROUGH 2025 AND THEN GOING UP TO 2207, STILL BELOW THE PEER AVERAGE OF $2,363. AND YOU CAN SEE ON THE RIGHT HOW ALL OF THOSE CITIES BREAK OUT. AND WHERE WE STAND COMPARED TO, TO OUR COMPARABLE CITIES. BLUE. IS THAT JUST OR IS THAT OVERALL DEBT, INCLUDING UTILITIES, OR IS THAT JUST THE THE CITY OF THE THE CATEGORY. THESE ARE JUST THE PROPERTY TAX BACK DEBT OKAY. GOT IT. SO THESE BECAUSE EVERY EVERY CITY HAS DIFFERENT SYSTEMS AND DIFFERENT SOURCES OF REVENUES AND APPLES AND ORANGES AT THAT POINT. BUT THIS IS ALL CORE CITY SERVICES. 
          THAT'S CORRECT. THIS IS CORE CITY SERVICES. THAT'S THE THAT'S THE CLEANEST WAY WE CAN COMPARE CITY TO CITY. GREAT. GREAT. SLIDE RIGHT THERE. AND THEN ON THE DEBT FOR TAXABLE VALUE. SO YOU THINK ABOUT THE TAXABLE VALUE OF THE CITY AS A WHOLE. THAT'S ALL OF YOUR ASSETS. AND SO WE'RE SAYING YOU KNOW HOW MUCH DEBT IS IT TAKING US TO TAKE CARE OF ALL OF OUR ASSETS THAT WE HAVE COMPARED TO OUR PEER CITIES. AND AGAIN, YOU KNOW, IF YOU SEE AND CARRY THAT PEER CITY AVERAGE OF 2.02% THROUGH THE CITY OF WACO IN 2024, 25 AND 26, STAYING ABOUT THAT 1.6 DOWN TO 1.4, 1.54 AND 1.55%. SO STILL, EVEN WITH THIS ISSUANCE IN 2026 AND WHAT WE ISSUED IN 2025, STILL STAYING BELOW OUR PEER AVERAGES. SO AS FAR AS METRICS ARE CONCERNED, WE ARE RIGHT WHERE WE NEED TO BE. WE'RE KEEPING UP WITH SOME OF THE MAINTENANCE THAT THAT REALLY NEEDS TO BE DONE ON THE SYSTEMS IN ORDER TO PROVIDE THAT QUALITY SERVICE THAT OUR RESIDENTS NEED. AS FAR AS UTILITY RATE IMPACTS, YOU KNOW, THESE ARE THE ONES THAT ARE SPECIFIC TO WATER AND WASTEWATER. WE WE GO THROUGH THIS PROCESS EVERY SINGLE YEAR. 
          SO THE FY 26 RATES THAT WE HAVE IN PLACE TODAY WITH THIS ISSUANCE WILL NOT CHANGE IN IN FISCAL YEAR 27 THROUGH FISCAL YEAR 2032. WHAT WE HAVE IN THOSE RATE STUDIES, THOSE THOSE MODELS THAT WE HAVE, YOU KNOW, WE PLUG IN THIS PLUS ALL THE FUTURE DEBT ISSUANCES THAT WE WE HAVE PLANNED OUT ALL THE CIP THROUGHOUT THOSE PLANNING YEARS. AND THAT HELPS US DETERMINE WHAT RATES ARE GOING TO BE NEEDED FOR OUR WATER, WASTEWATER, SOLID WASTE, DRAINAGE AND OUR STREET MAINTENANCE FEE. THIS IS A PLAN THAT WE HAVE IN PLACE TODAY. SO FISCAL YEAR 26 AGAIN, THESE RATES ARE GOING TO BE ABLE TO PAY FOR THE DEBT THAT WE'RE ISSUING TODAY. ONCE APPROVED. AND IN FISCAL YEAR 27, 28, 29 CONTINUES TO BRING ON THE ADDITIONAL CIP THROUGHOUT. YOU CAN SEE WHAT WE'VE DONE IS TRIED TO MAKE THIS A GRADUAL INCREASE FOR OUR USERS. SO YOU'RE LOOKING AT FISCAL YEAR 27 THROUGH 2032, AVERAGING JUST OVER $5 PER MONTH INCREASES FOR ALL OF THE MAINTENANCE THAT IS NEEDED TO BE DONE WITHIN THOSE 
          [01:05:02]
THOSE UTILITY SYSTEMS. THAT'S AN AVERAGE OF ABOUT 3% GROWTH PER YEAR IN THE THE AVERAGE CUSTOMER'S BILL, WHICH WE'VE ALWAYS TRIED TO KEEP RIGHT ALONGSIDE THE RATE OF INFLATION. 
          SO WITH THIS RATE OF INCREASE, WE'RE KEEPING THAT ABOUT THAT 3%. AND THEN BLUE ON THIS SLIDE, ARE WE ASSUMING MAYBE YOU SAID THIS. ARE WE ASSUMING FUTURE CEO ACTIVITY WITHIN THE UTILITIES IN THIS MODEL. OR IS THIS JUST SAYING THIS IS THIS IS WITH ADDITIONAL CEOS IN THE FUTURE. SO YOU'RE LOOKING AT IN FISCAL YEAR 2728, SOMEWHERE AROUND THAT 40, 40 TO $50 MILLION OF CIP 29 AND 30 COMES DOWN A LITTLE BIT TO ABOUT 30, 35 MILLION. 2031 IS WHERE YOU SEE A LITTLE BIT OF A BUMP UP TO ABOUT 60 TO 70 MILLION, BASED UPON SOME PROJECTS THAT THAT WE HAVE COMING ON IN THE CIP AND FISCAL YEAR 2031. SO IT CONTINUES TO AVERAGE IN THAT 50 ISH MILLION A YEAR ACROSS. IT DOES ABOUT THAT, THAT AMOUNT. BUT AGAIN, WE ONLY WE ONLY ADOPT ONE YEAR AT A TIME. YEAH. YEAH. SO THE FUTURE YEARS ARE STILL PROJECTIONS. AND THOSE CAN ALWAYS CHANGE IN EVERY SINGLE BUDGET CYCLE. BUT I LIKE SHOWING IT THIS WAY INSTEAD OF JUST ASSUMING THAT WE DON'T EVER DO ANYTHING AGAIN. AND, YOU KNOW, THEORETICALLY. YOU HAVE AN ENTIRE WE CONTINUE TO HAVE TO SPEND AND WE'LL TALK ABOUT THAT AT THE END OF THE DEAL. AND WE'VE GOT, WHAT, $3 BILLION WORTH OF PROJECTS. AND WE GOT TO KIND OF MEET OUR MEN 50, 50, 100 MILLION AT A TIME. BUT YEAH, THIS IS A GREAT SLIDE BLUE. GREAT. ALL RIGHT. MAYOR COUNCIL I'M GOING TO PAUSE HERE. I'M GOING TO TURN IT OVER TO BLAKE TO GO THROUGH THE PLAN OF FINANCE FOR THIS SPECIFIC ISSUANCE. GOOD AFTERNOON. MAYOR AND CITY COUNCIL BLAKE ROBERTS WITH PFM FINANCIAL ADVISOR ADVISORS FOR A FINANCIAL ADVISOR TO THE CITY. WITH ME AS ESTHER WITH ARENA FINANCIAL, ESTHER GAVE A SUBSTANTIALLY SIMILAR VERSION OF THIS PRESENTATION A COUPLE OF MONTHS AGO WITH A NOTICE OF INTENT. SO I'LL DO MY BEST TO TO TO KEEP UP WITH HER. WE'LL BE EFFICIENT HERE. SO HERE'S AN OVERVIEW OF OF WHAT WE'RE UP TO TO EXECUTE ON THIS BOND PLAN OF FINANCE. SO AUTHORIZING YOU OR ASKING YOU TO AUTHORIZE UP TO 110 MILLION OF CERTIFICATES OF OBLIGATION, THAT'S JUST AN EXTRA 10 MILLION OF CUSHION AT THE TIME OF PLANNING, IN CASE THERE WERE ADDITIONAL PROJECTS THAT WERE ADDED OR CHANGED BETWEEN NOW AND PRICING TO FUND CITYWIDE CAPITAL IMPROVEMENTS. TAX EXEMPT BONDS. THIS IS ALL TAX EXEMPT DEBT ISSUANCE, OF COURSE, WILL TAKE PLACE PRETTY QUICKLY THIS YEAR. TOWARDS THE END OF FEBRUARY, WE ARE SCHEDULED TO MEET WITH MOODY'S AND S&P. NEXT WEEK. YOU HAVE RATINGS OF AA ONE AND DOUBLE A PLUS. THOSE ARE THE SECOND HIGHEST BOND RATINGS POSSIBLE. 
          SO CONTINUES TO BE A TESTAMENT TO THE MANAGEMENT OF CITY FROM BOTH PERSONNEL STANDPOINT AND THE EMBEDDED FINANCIAL POLICIES AND PROCEDURES THAT CITY COUNCIL AND STAFF OPERATE UNDER. 
          THEY REALLY EVALUATE CLOSELY HOW CITIES ARE MANAGED. AND SO KUDOS TO THE CITY FOR FOR THESE STRONG BOND RATINGS. OTHER FACTORS ARE RESERVES, ECONOMIC RESOURCE BASE AND DEBT LEVELS. 
          SO KEY DATES NOVEMBER 4TH IS ALREADY PASSED. THAT WAS A NOTICE OF INTENT TO ISSUE. CEOS THAT STARTED THE 45 DAY PETITION PERIOD FOR THIS ISSUANCE. WE'RE NOW HERE TODAY WITH THE APPROVAL OF THE BOND SALE VIA WHAT'S CALLED THE PARAMETERS ORDER. THAT GIVES US THE CORNERS TO GO OUT AND ISSUE DEBT. AND THEN FEBRUARY 25TH IS THE APPROXIMATE PRICING DATE AT WHICH WE WILL LOCK IN INTEREST RATES. AND THEN WE'LL CLOSE ON OR ABOUT MARCH THE 19TH. YOUR CODE MUNICIPAL ADVISORS PFM AND T ARENA BOND COUNSEL GLENN IS HERE WITH BRACEWELL. AND THEN AFTER TALKING WITH BLUE AND COLLIN WILL SELL THESE BONDS VIA NEGOTIATED BOND SALE. AND EARLIER THIS YEAR WE WORKED WITH THE CITY TO PUT TOGETHER A PREAPPROVED UNDERWRITER LIST. 
          AND SO THE GROUP OF BANKS THAT WE PICKED FOR THIS, FOR THIS SYNDICATE OR GROUP OF INVESTMENT BANKS THAT WILL SELL YOUR DEBT, WE'RE REALLY HAPPY WITH IT'S TO SORT OF VERY PROMINENT WALL STREET BANKS, WELLS FARGO AND BANK OF AMERICA AND TWO VERY PROMINENT SORT OF MINORITY OWNED BANKS, CABRERA AND SIEBERT WILLIAMS SHANK. SO EXCITED ABOUT THE GROUP WE'VE PICKED TO GO OUT INTO MARKET AT THE END OF FEBRUARY WITH THESE BONDS. OVERVIEW OF ON THAT ON THAT SLIDE, JUST REAL QUICK. THE WHEN YOU TALKED ABOUT THE BOND RATES, YOU GO INTO MOODY'S AND STANDARD AND POOR'S OVER THE NEXT COUPLE OF WEEKS. WHEN WE WHEN WILL WE KNOW IF OUR RATINGS HAVE BEEN AFFIRMED. SECOND WEEK OF FEBRUARY, IF NOT SOONER THAN THAT. SO THAT'S AVAILABLE AT THE NEXT COUNCIL MEETING. CAN YOU LET US KNOW? BECAUSE THAT'S SUPER IMPORTANT. 
          AND THEN ON THOSE I'M SORRY, I DON'T WANT TO DIGRESS TOO FAR, BUT ON THE PEER CITY REPORT, CAN YOU JUST PENCIL IN WHAT THOSE WHAT THOSE CITY'S CREDIT RATINGS ARE TO. AS LONG AS WE'RE DOING THAT PEER COMPARISON, I WANT TO BE AWARE OF THAT. I'M SORRY. BLAKE. GO 
          [01:10:04]
AHEAD. NO GOOD QUESTIONS. OVERVIEW OF TAX EXEMPT RATES. AGAIN THIS IS A TEN YEAR LOOK BACK PERIOD I WON'T PROGNOSTICATE ON WHERE RATES ARE GOING. I THINK WE HAVE SEEN AN INCREASE IN YIELDS OVER THE LAST CERTAINLY 3 OR 4 YEARS SINCE THE FED FIRST RAISED RATES HAS SINCE BEGUN TO CUT DIFFERENT INTERPRETATIONS OF WHAT WHAT THE MARKET WILL DO THIS YEAR. I THINK WE'RE PROBABLY FACED WITH A STEEPENING YIELD CURVE. SHORT TERM RATES MAY OR MAY NOT BUDGE DOWN, DEPENDING ON WHAT THE FED DOES. LONG TERM, TEN, 20, 30 YEAR SPOT RATES MAY STAY WHERE THEY ARE OR MOVE UP JUST A TICK. WE'LL GET TO WHERE WE ESTIMATE YOUR RATES ARE TODAY. LATER ON IN THIS PRESENTATION. ANOTHER ANOTHER SORT OF VIEW ON INTEREST RATES. THIS IS WHAT'S CALLED THE YIELD CURVE. SO WE'RE SELLING BONDS IN YEARS ONE THROUGH 20. SO IT IS IN A SINGLE RATE. BUT IT'S BASED ON WHERE WE AMORTIZE PRINCIPAL. 
          AND SO THE BLUE LINE IS WHERE THE YIELD CURVE IS. TODAY. YOU CAN SEE SHORT TERM RATES HAVE COME DOWN FROM A YEAR AGO. THE LONG TERM RATES ARE ACTUALLY UP A LITTLE BIT DURING THAT SAME PERIOD. A RECAP OF WHAT COLIN ALREADY DISCUSSED, WHICH IS A BIG PICTURE VIEW OF THE PROJECTS THAT ARE BEING AUTHORIZED FOR THE CEO. AGAIN, THE PROJECT FUND DEPOSIT WILL BE 100.3 MILLION. THE 110 WAS JUST IN THE EVENT THAT THERE WERE PROJECTS ADDED BY CITY COUNCIL. HERE IS AN OVERVIEW OF PRO FORMA DEBT BALANCES AFTER THIS ISSUANCE. SO WE WE DO BREAK THE DEBT BALANCES OUT BY REPAYMENT SOURCE. SO A FOCUS HAS BEEN ON TAX SUPPORTED FOR EXAMPLE THAT THAT BALANCE IS $302.5 MILLION AS OF TODAY. PROPOSED IN THIS 2026 CEO IS 44.7 MILLION OF ADDITIONAL TAX SUPPORTED CEOS, BRINGING THAT BALANCE TO 347 MILLION. AND SO YOU CAN SEE WHAT THAT WILL LOOK LIKE BY REPAYMENT SOURCE PRE ISSUANCE. AND THEN WITH THE CEO ADDED ON WHAT THAT DOES TO THE DIFFERENT ENTERPRISE SYSTEM DEBT AND TAX SUPPORTED DEBT. ON THIS SLIDE BLAKE WHEN DO OUR WHEN DO OUR PAYMENTS NORMALLY COME IN. HOW MUCH PRINCIPAL PAY DOWN DO WE HAVE IN 2026 OFF THAT 1056. OR DOES THAT IS THAT REFLECTED IN THAT NUMBER. WELL WE WE DO SHOW THE PRINCIPAL PAY DOWN IN A FEW SLIDES OKAY. BY EACH FUND. GOOD. THANKS. YEAH. 
          SO HERE'S ILLUSTRATIVE FINANCING RESULTS. IF WE WERE TO TO PRICE BONDS TODAY THESE ARE ACTUALLY RATES AS OF EARLY IN JANUARY, JANUARY 6TH OR SO. WE'VE SEEN A COUPLE OF WEEKS OF IMPROVEMENT IN RATES. AND THEN TODAY THE MARKET WENT WENT AGAINST US. THERE'S LOTS OF GLOBAL ECONOMIC FACTORS AND NEWS COMING OUT OF WASHINGTON DC THAT IS INFLUENCING THE MOVEMENT IN RATES. THESE ARE ALL 20 YEAR AMORTIZING BONDS, AVERAGE LIFE OF ABOUT 12.2 YEARS. AGAIN ASSUMING A DOUBLE A ONE DOUBLE A PLUS. ALL IN TRUE INTEREST COSTS IS THAT 3.99%? THAT WASN'T ON PURPOSE. THIS ISN'T $1.99 SORT OF SALES PITCH HERE. I RAN THOSE NUMBERS SEVERAL TIMES, AND THAT WAS THE ACTUAL RATE THAT WE CAME UP WITH. SO IT COULD BE PLUS OR -25 TO 50 BASIS POINTS JUST DEPENDING UPON PRICING. BUT WE WILL STILL BE UNDER 5%, KIND OF BASED ON CURRENT RATES TODAY AND PROBABLY CLOSER TO FOUR. WE'LL PRICE THIS WITH A TEN YEAR OPTIONAL PAR CALL. ALL THAT MEANS IS THAT FOR TEN YEARS WE'RE LOCKED INTO THIS DEBT. AND THEN AT YEAR TEN, YOU HAVE THE RIGHT TO REDEEM OR REFINANCE THOSE BONDS AT LOWER RATES. AND THAT'S KIND OF MARKET RIGHT. THAT IS VERY MUCH MARKET MUNICIPAL. WE MAY GET TO THE PRICING DAY AND THERE'S A NINE YEAR CALL THAT THAT DOESN'T COST THE CITY MUCH TO TO TO BAKE IN. AND WE'LL CONSIDER THAT. BUT WE'LL BE 9 OR 10 YEAR PAR CALL I THINK ABOUT THAT EVERY ONCE IN A WHILE. I GUESS YOU COULD BUY YOU COULD PAY IT OFF IF YOU BOUGHT A HEDGE THAT MATCHED THE INTEREST RATE FOR THE TEN YEARS OR, I DON'T KNOW, I'M ALWAYS INTO REFINING THE DEBT, BUT I GUESS YOU CAN'T EVEN CONSIDER IT FOR. YEAH, THERE ARE CERTAINLY VARIABLE RATE INSTRUMENTS THAT ARE OUT THERE THAT SORT OF GET AT WHAT YOU'RE TRYING TO DO, WHICH IS SORT OF A PENULTIMATE FLEXIBILITY. WE, WE THERE ARE SWAPS, ETC. BUT THOSE ARE SORT OF BAD WORDS IN WACO AND I DON'T WANT TO. OKAY, SORRY ABOUT THAT THERE. SO HERE'S AN OVERVIEW OF YOUR EXISTING BOND PRINCIPAL PAYMENTS BY REPAYMENT TYPE. SO MAYOR TO YOUR QUESTION, YOU CAN SEE EACH YEAR BY PRINCIPAL HOW MUCH IS BEING PAID DOWN EVERY YEAR. SO IN 2026 FOR EXAMPLE, THERE'S 276.8 MILLION IN DEBT ON THE WATER SYSTEM. YOU'LL PAY OFF 14 MILLION OF THAT THIS YEAR. SO ALL IN WE PAY THAT PRINCIPAL DOWN BY 4343, 385. 
          THAT'S RIGHT. ON THE BOTH THE ENTERPRISE SUPPORTED AND THE TAX SUPPORTED REQUIREMENTS. 
          REMIND ME IS THAT THIRD QUARTER WHERE WE PAID ALL THOSE BONDS DOWN OR THAT SECOND QUARTER, THE FIRST QUARTER FEBRUARY, IT'S FEBRUARY 1ST AND AUGUST 1ST. OKAY. THANKS. SO WE'LL DO WE'LL DO A PRINCIPAL AND INTEREST ON FEBRUARY 1ST. INTEREST ONLY AUGUST 1ST. RIGHT. 
          [01:15:06]
SO HERE'S AN OVERVIEW OF THE BOND. AND GOING OUT INTO THE MARKET IN A COUPLE OF WEEKS. 
          AGAIN IT'S WATER SEWER AND TAX SUPPORTED PRINCIPAL REQUIREMENTS. AND FOR THIS PURPOSE WE DID INCLUDE SOME OF THE GOLF COURSE PROJECTS IN THE TAX SUPPORTED PIECE. ALTHOUGH THOSE WILL BE SELF SUPPORTED BY GOLF COURSE REVENUE. THAT BEING SAID, YOU CAN SEE KIND OF THE CONTEMPLATED PRINCIPAL REPAYMENT STRUCTURE ON THE BONDS. THE PRINCIPAL PAYMENTS INCREASE EACH YEAR. YOU'LL NOTICE THAT. BUT THIS IS LIKE A MORTGAGE PAYMENT. SO YOU'RE DEBT DEBT SERVICE PAYMENTS IF YOU THINK ABOUT ADDING ON INTEREST WILL BE LEVEL. BUT THAT'S WHY YOU SEE INCREASING PRINCIPAL IN THE SAME WAY YOU HAVE A MORTGAGE WHERE YOU'RE PAYING OFF MORE PRINCIPAL THE LONGER YOU GO ON THE LOAN. AND THEN ALL THIS COMBINED EXISTING BOND PAYMENTS, PLUS THE NEW BOND PAYMENTS. AFTER WE CLOSE ON THESE BONDS IN MARCH, YOU CAN SEE KIND OF THE THE PRO FORMA OR THE FUTURE PRINCIPAL PAY DOWN ON EACH EACH REPAYMENT SOURCE. THIS IS ALL IN GRAPHICAL FORM. SO HERE'S A GRAPHIC OF THE DEBT SERVICE PAID BACK BY DEBT SERVICE TAXES SPECIFICALLY. AND THE BROWN BARS ARE EXISTING. THE GREEN IS THE NEW TAX SUPPORTED BOND PAYMENTS. LAYERED ON TOP OF THAT. AGAIN THIS IS ALL FOCUSED ON PRINCIPAL. HERE'S TOTAL PRINCIPAL. BOTH TAX SUPPORTED PAYMENTS AND ENTERPRISE FUND SUPPORTED PAYMENTS. SO HERE'S THE TIMELINE. WE WENT OVER THIS A LITTLE BIT. BUT JANUARY 20TH IS TODAY. WE'RE ASKING YOU FOR PARAMETERS APPROVAL OF THE BOND SALE. WE WILL ANTICIPATE PRICING IN THE END OF FEBRUARY AND CLOSING MARCH 19TH. THE PARAMETERS ORDER DOES GIVES US DOES GIVE US FLEXIBILITY IN THE EVENT THERE IS A SIGNIFICANT MARKET DISRUPTION OR WE GET WORD THAT THERE'S A LOT OF OTHER BOND SUPPLY THAT WEEK, AND IT MAY BE BETTER TO TO SIT AND WAIT. WE CAN COME BACK AND DO THAT. THIS IS THE BEST GUESS OF THE GAME PLAN TODAY. AND BARRING, YOU KNOW, BIG CHANGES IN THE MARKET, WHAT WE'LL TRY TO STICK TO. AND THEN AGAIN OVER YOUR AN OVERVIEW OF YOUR BOND RATINGS. AGAIN JUST TREMENDOUS JOB BY THE CITY TO MAINTAIN THESE STRONG BOND RATINGS. CREDIT POSITIVES ARE STRONG AND GROWING ECONOMY WELL-MANAGED FINANCIAL OPERATIONS AND STRONG RESERVES. AND THEN THERE ARE SORT OF QUICK TWO CONSIDERATIONS. ONE IS JUST THE ABSOLUTE DEBT LEVELS. AND THEN TWO IS SORT OF WEAKER SOCIO ECONOMIC INDICES GIVEN JUST SORT OF THE THE DEMOGRAPHIC PICTURE OF WACO WITH THE BIG UNIVERSITY AND BIG STUDENT BASE HERE. AND SO THOSE ARE THE THE CREDIT RATING FACTORS HERE. WE DO BELIEVE THOSE WILL BE STABLE THIS GO AROUND. AND ONE THING WE HAVE BEEN ABLE TO DO IS TAKE CARE TO PROACTIVELY COMMUNICATE THE CITY'S CAPITAL PLAN. SO THIS AMOUNT OF BOND DEBT THAT WE'RE THAT WE'RE SEEKING TO BE APPROVED TODAY WILL NOT BE A SURPRISE TO MOODY'S AND S&P. THEY ASKED FOR A FIVE YEAR CIP EVERY TIME WE MEET WITH THEM. 
          AND LOU AND COLIN HAVE DONE A REALLY GOOD JOB OF SORT OF LAYING OUT WHAT'S COMING DOWN THE PIKE. SO WE DO BELIEVE THAT WE'LL HAVE STABLE RATING OUTCOMES WITH THESE MEETINGS. 
          HAPPY TO ANSWER QUESTIONS. THAT IS OUR PRESENTATION OF KIND OF THE GAME PLAN FOR THE BOND FINANCING EFFORTS OVER THE NEXT MONTH AND A HALF. ANY COMMENTS OR QUESTIONS FOR THE FINANCE TEAM? QUICK QUESTION. DO WE KNOW WHAT WHAT THEY'RE USING FOR PEER CITIES? WE'RE SHOWING OUR PEER CITIES TO BE THAT WE'RE BELOW THEM ON AVERAGE, AND THEY'RE SHOWING THAT WE HAVE ELEVATED DEBT COMPARED TO OUR PEER CITIES. YEAH, THAT'S A GREAT QUESTION. SO THEY USE A DATABASE OF EVERY CITY IN THE COUNTRY THAT THEY ASSIGN BOND RATINGS TO. AND WE HAD THIS CONVERSATION QUITE A BIT BECAUSE TEXAS BOND ISSUERS TEND TO HAVE HIGHER LEVELS OF DEBT THAN OTHER OTHER TYPES OF CITIES. THERE'S A LOT THAT GOES INTO THAT. DEMOGRAPHICS, HOW WE'RE FUNDED OR NOT FUNDED AT THE STATE LEVEL, AND SORT OF PROPERTY TAXES AND HOW THAT ALL WORKS. SO WHEN WHEN THEY SAY WACO HAS HIGHER DEBT, THAT IS A COMMON THREAD AMONG MANY DOUBLE A+ AND EVEN TRIPLE A CLIENTS THAT WE HAVE. WE WORK WITH CITIES OF AUSTIN AND FORT WORTH THAT ARE VERY, VERY HIGH BOND RATINGS, A COMMON THING FOR THEM AS WELL. SO IT'S JUST SORT OF HOW TEXAS ISSUERS ARE GRADED COMPARED TO SOMEBODY, SAY, IN ILLINOIS, WHERE THEY MAY HAVE A MUCH DIFFERENT CHALLENGE, WHICH IS A PENSION ISSUE, FOR EXAMPLE, THAT WE DON'T HEAR. SO THERE'S DIFFERENT FACTORS THAT GO INTO KIND OF A NATIONAL DATABASE OF RATINGS. BUT GREAT, GREAT, GREAT PICK UP ON THAT. BUT IT IS SORT OF NATIONAL PEERS. ANY OTHER QUESTIONS? YES. GREAT. 
          GREAT PRESENTATION AND THANK YOU FOR ANSWERING MY QUESTIONS THERE. AND IF WE TALKED ABOUT THIS AND EVERY TIME WE ISSUE DEBT, WE TALK ABOUT ALL OF THE BACKED UP PROJECTS THAT WE HAVE. 
          [01:20:01]
AND WE HAVE TO BE SUPER SELECTIVE ABOUT WHAT WE CAN AFFORD IN ANY GIVEN YEAR AND HOW IT HOW IT MATCHES UP AN OLD BANKER'S TERM MATCH USEFUL LIFE TO THE TO THE TO THE DEAD OF WHAT YOU CAN SPREAD. SO IF YOU HAVE A 20 YEAR ASSET OR 25 YEAR ASSET, IT MAKES SENSE, PARTICULARLY WHEN RATES ARE RELATIVELY LOWER THAN THEY HAVE BEEN IN THE LAST, YOU KNOW, 20 YEARS TO GO AHEAD AND FIGURE OUT THAT MATCH OF THE USEFUL LIFE. AND I SEE MOST OF THIS IS, AGAIN, IT'S LONG TERM WATER. A BIG PORTION OF IT IS WATER. AND ANOTHER BIG PORTION IS STREETS. 
          AND THAT'S WHAT OUR CITIZENS AND RESIDENTS ARE WANTING TO MAKE SURE WE KEEP THE STREETS IN GOOD SHAPE. AND I KNOW EVEN THOUGH WE'RE WE'RE DOING THIS AND, AND CAN'T TAKE CARE OF THE WHOLE 3 BILLION, WE GOT TO BE MINDFUL OF WHAT THAT THAT DEBT LOAD AND CAPACITY LOOKS LIKE IN FUTURE YEARS. SO I THINK THIS IS A NICE BALANCE THAT WE'VE STRUCK HERE. AND WE'LL SEE RESULTS IN BETTER STREETS AND BETTER WATER AND BETTER WASTEWATER AND INFRASTRUCTURE ACROSS THE BOARD, AND DRAINAGE, AND GOT $1 MILLION IN THERE FOR A FIRE STATION, TOO. SO THAT'S THAT'S GOOD. BUT GREAT WORK. AND I'M I'M HOPE THE INTEREST RATES WILL COME DOWN OVER THE NEXT 30 DAYS. AND WE, WE WE SOMEHOW SNAG INTO THAT 3% WOULD BE WOULD BE GREAT TO GET A THREE HANDLE ON THIS AND AND ALSO MAKE SURE HOPEFULLY THAT THE RATING STAYS WHERE IT'S AT BECAUSE THAT'S SUPER IMPORTANT ON EXECUTION. BUT THANKS. GOOD PRESENTATION. I THINK OUR LAST WORK SESSION IS 2020 607. AND THAT'S PUBLIC OR PLANNING PUBLIC HEARING ITEMS. WE'VE GOT CLINT PETERS COMING UP, DIRECTOR OF DEVELOPMENT SERVICES. AND HOPEFULLY FOR A A SHORT BRIEFING THIS AFTERNOON. THANK YOU. BRADLEY MAYOR CITY COUNCIL, WE JUST HAVE THE THREE PUBLIC HEARINGS THIS EVENING. WE HAVE TWO ZONING CASES AND ONE ABANDONMENT. THE FIRST ONE CASE 47. THIS IS A ABANDONMENT OF AN ALLEY PORTION OF AN ALLEY BETWEEN FIFTH AND SIXTH STREET. 
          IT'S ACTUALLY A NAMED ALLEY CALLED BARRENS ALLEY. THIS IS ADJACENT TO THE OLD UPTOWN MOTEL THAT HAS BEEN RECENTLY RAISED AND PURCHASED BY WACO METHODIST HOME. THAT'S GOING TO BE REDEVELOPED FOR A HOUSING PROJECT FOR ALUMNI, STUDENTS AND YOUNG ADULTS THROUGH THEIR PROGRAM. AND SO THEY'RE WANTING TO INCORPORATE THAT PORTION OF THE ALLEY INTO THE PROPERTY TO DEVELOP. YOU CAN SEE HERE THE PORTION OF THE ALLEY OFF FIFTH STREET THAT WOULD BE ABANDONED. 
          THEY OWN EITHER SIDE OF THE ALLEY. THERE'LL BE A PORTION ALLEY THAT REMAINS AND THAT PROVIDES ACCESS TO THIS SMALL OFFICE BUILDING. AND THAT PROPERTY OWNER IS IN SUPPORT OF THE ABANDONMENT. AND THEN YOU CAN SEE HERE THIS IS THEIR PROPOSED SITE PLAN. AGAIN, THIS THIS UPPER PORTION WOULD BE THE ABANDONED PART. THIS THIS PORTION WOULD REMAIN FOR ACCESS TO THIS PROPERTY. AND YOU CAN SEE SOME OF THE CONCEPT FOR THE REDEVELOPMENT OF THE SITE. AND THEN HERE'S JUST A PICTURE OF THAT PORTION OF THE ALLEY. THIS IS THE OLD UPTOWN MOTEL SITE HERE. PLANNING COMMISSION DID RECOMMEND APPROVAL 11 TO 0 TO ABANDON IT. IT DOES PROVIDE OPPORTUNITY TO DEVELOP THAT PROPERTY. THERE ARE A COUPLE CONDITIONS DEALING WITH UTILITY EASEMENTS OR RELOCATION OF UTILITIES. AND THEN ONCE THE PROPERTY IS ALL PLATTED, THEY'LL HAVE TO ABIDE BY ALL THE FIRE ACCESS REQUIREMENTS FOR THE NEW DEVELOPMENT. THE NEXT PUBLIC HEARING IS A AMENDMENT TO THE CALLAN VILLAGE PUD TO MAKE SOME MINOR CHANGES TO THEIR PLAN TO ALLOW A AN AREA ABOUT FOUR AND A HALF ACRES THAT'S CURRENTLY DESIGNATED AS COMMERCIAL TO ALLOW IT TO BE EITHER COMMERCIAL OR MULTIFAMILY FLEX, AND THEN TO AMEND THE NARRATIVE UPDATING MULTIFAMILY DEFINITION TO INCLUDE OPTIONS FOR A TOWNHOUSE STYLE DEVELOPMENT. THIS IS THE THE CALLAN VILLAGE DEVELOPMENT OFF RITCHIE ROAD. 
          IT'S MAINLY SINGLE FAMILY DEVELOPING, BUT IT DOES HAVE A SMALL COMPONENT OF COMMERCIAL AND MULTIFAMILY. ALONG RITCHIE ROAD. YOU CAN SEE HERE THE AREAS WE'RE TALKING ABOUT IS THIS FOUR AND A HALF ACRE HERE THAT IS CURRENTLY DESIGNATED FOR COMMERCIAL, AND IT WOULD BE AGAIN A FLEX COMMERCIAL OR MULTIFAMILY. THE AREAS ADJACENT TO THE SINGLE FAMILY WOULD REMAIN MULTIFAMILY, AND THEN THE SITE REQUIREMENTS FOR THAT MULTIFAMILY WOULD NOT CHANGE. 
          SO YOUR DENSITIES OR SETBACKS, HEIGHTS AND ALL THAT WOULD STAY THE SAME THAT THERE CURRENTLY ARE. AND THEN HERE YOU CAN SEE THE SO THE DENSITIES WOULD STAY THE SAME. IT ALREADY ALLOWS 15 
          [01:25:01]
UNITS AN ACRE THAT WOULD STAY THE SAME. AND THEN THE HEIGHT IS A 1 OR 2 STORIES AT 35FT. 
          AND THEN SETBACKS, IMPERVIOUS COVERS ALL THAT WOULD STAY THE SAME. WE DID MAIL OUT OVER 230 NOTICES ON THAT, AND JUST HAD TWO RETURNED AND HAD A COUPLE OF SPEAKERS AT THE PLANNING COMMISSION. AND THAT WAS OUR MAIN CONCERN, IS WHAT WOULD THE DEVELOPMENT STANDARDS ON THE MULTIFAMILY BE, THAT ADJACENT TO THE SINGLE FAMILY? AND AGAIN, NONE OF THE NONE OF THAT IS CHANGING WITH THIS CHANGE. SO PLANNING COMMISSION DID RECOMMEND APPROVAL 10 TO 0. AND AGAIN, JUST OUR STANDARD FINDINGS FOR APPROVAL. AND THEN WE DO HAVE CONDITIONS THAT THEY'LL HAVE TO FOLLOW WITH THEIR FINAL PLAN AND SUBDIVIDING BEFORE BUILDING PERMITS. SEEMS LIKE CLINT HOLMES HERE. THE IT SEEMED LIKE THIS ONE HAD A LOT OF COMMUNITY DIALOG GOING ON, BECAUSE THIS ONE WAS IN PLANNING COMMISSION FOR QUITE A WHILE, AND THERE WAS DIVERGING OPINIONS ON WHAT THEY SHOULD DO. AND SO I APPRECIATE IT. LOOKS LIKE THEY CAME UP WITH A GOOD SOLUTION WAS KIND OF A QUASI BUFFER ZONE THERE WHERE THEY HAVE THE MULTIFAMILY AND PUSHING THAT COMMERCIAL OVER. SO IT IT LOOKS LIKE WHERE THERE WAS A LOT OF OPPOSITION OR VERY EARLY ON THAT WE CAME UP WITH SOME POINTS OF AGREEMENT THERE. YEAH. 
          AND THEN OUR LAST ZONING CHANGE IS A PROPERTY ON WASHINGTON AVENUE, 2120 WASHINGTON AVENUE. 
          THIS IS A ZONE CHANGE FROM C2 COMMUNITY COMMERCIAL TO O3, WHICH IS A LIMITED MIXED USE DISTRICT. THIS IS A EXISTING SINGLE FAMILY RESIDENCE ON WASHINGTON IN THAT AREA THAT'S TRANSITIONED FROM DOWNTOWN OVER TO THE AUSTIN AVENUE NEIGHBORHOOD. THAT'S A MIX OF OFFICES AND RESIDENTIAL USES. THE CURRENT ZONING, C2, YOU CAN SEE THERE IS SOME PROPERTIES THAT HAVE BEEN TRANSITIONING MORE TO OFFICE. THIS WOULD ACTUALLY BRING THE EXISTING HOME INTO CONFORMANCE WITH THE ZONING ORDINANCE. THE THE SINGLE FAMILY HOME IS ACTUALLY LEGAL, NON-CONFORMING AND THE EXISTING C2. SO THIS BRINGS IT INTO CONFORMANCE WITH OUR ZONING ORDINANCE. THAT WHOLE STRIP OF WASHINGTON THERE FROM 18TH TO, I DON'T KNOW, 2627. 
          YEAH, THERE'S LIKE LOTS OF LEGAL NON-CONFORMING. THAT'S RIGHT. MIXED USE STUFF IN THERE. 
          RIGHT. AND IT SEEMS LIKE OVER AT ONE BY ONE, WE'VE KIND OF BROUGHT THEM INTO CONFORMANCE, BUT THEY WERE JUST, YOU KNOW, THEY WERE THEY WERE THAT WAY WHEN WE ZONED THEM, WHEN THEY OVERLAID THE ZONING THAT DIDN'T FIT. THAT'S CORRECT. WE HAD BACK IN THE 80S, WE HAD CUMULATIVE ZONING WHERE YOU IF YOU HAD C2, YOU COULD HAVE EVERYTHING BELOW IT WAS ALLOWED. 
          AND THEN IN 86, WE SWITCHED OVER TO A MORE OF A USE BASED ZONING. AND SO YOU HAVE A LOT YOU HAD A LOT OF LEGAL, NON-CONFORMING ZONING IN THESE OLDER AREAS OF TOWN. YOU CAN SEE IT'S TRANSITION. ALL THIS PURPLE AREA I'VE BEEN ZONING CHANGES OVER THE LAST TEN, 15 YEARS. MORE TO THAT MIXED USE ZONING. AND THIS IS A SIMILAR CASE. AND HERE'S THE EXISTING HOME HERE. NO OPPOSITION TO THIS ONE. AND PLANNING COMMISSION RECOMMENDED APPROVAL 11 ZERO. AND THAT'S ALL WE HAVE. GREAT THANKS. ANY QUESTIONS FOR CLINTON ON THOSE? YES. WE CHIMED IN AS THEY WENT ALONG. THANKS. THANK YOU. THE NEXT ITEM ON THE AGENDA. ANYTHING ELSE? CITY MANAGER FORD IN THE WORK SESSION, SIR. ALL RIGHT. NEXT ITEM IS WORK SESSION 2020 608 COUNCIL COMMENTS ON ITEMS OF COMMUNITY INTEREST AND REQUESTS FOR FUTURE AGENDA ITEMS. ARE THERE ANY REQUESTS FOR FUTURE AGENDA ITEMS? YEAH, MAYOR AND STAFF, I'D LOVE IF IF SOMETIME IN ONE OF THE FEBRUARY MEETINGS BY CHANCE, WE COULD GET A PRESENTATION ON OUR COLA FOR OUR RETIREES. AND I KNOW WE HAVE THE DATA ON WHAT IT WOULD TAKE FINANCIALLY TO GET TO THE NEXT STEP UP FOR COLA BEING THAT 50% REPEATING COLA. BUT I WOULD LOVE IF WE COULD HAVE A PRESENTATION AND SORT OF AN ONGOING DISCUSSION ON OVER THE NEXT X AMOUNT OF YEARS WHAT IT WOULD TAKE AND WHAT IT WOULD TAKE AWAY FROM TO, TO GIVE US SORT OF A REAL TIME DECISION TO BE ABLE TO MAKE ON IF IF THAT'S SOMETHING THAT WE WANT TO PRIORITIZE AND FUND. WE'LL MAKE THAT HAPPEN. APPRECIATE IT. SO NOTED. ANY OTHER FUTURE AGENDA ITEMS THERE BEING NONE THERE, 
          [EXECUTIVE SESSION]
WE WILL NOW RECESS THE WORK SESSION AND RECONVENE THE REGULAR SESSION FOR EXECUTIVE SESSION, AS READ INTO THE RECORD BY THE CITY SECRETARY AT 4:30 P.M. NOTICE IS HEREBY GIVEN THAT THE CITY COUNCIL WILL GO INTO EXECUTIVE SESSION IN ACCORDANCE WITH THE FOLLOWING PROVISIONS REAL PROPERTY TEXAS OPEN MEETINGS ACT SECTION TEXAS GOVERNMENT CODE, SECTION 551.072, AND ATTORNEY BRIEFING TEXAS OPEN MEETINGS ACT, TEXAS GOVERNMENT 
          [01:30:01]
CODE, SECTION 551.071. DOWNTOWN DEVELOPMENT PROJECT BEING THE MIXED USE DEVELOPMENT ON CITY OWNED AND ADJACENT PROPERTIES NEAR CITY HALL. ATTORNEY BRIEFING, TEXAS GOVERNMENT CODE SECTION 551.071. DISCUSSION OF THE MASTER DEVELOPMENT AGREEMENT AND TAX INCREMENT FINANCING AGREEMENT APPROVED ON SEPTEMBER 20TH, 2022 VIA RESOLUTION NUMBER 2022. DASH 702,022 701, RESPECTIVELY, BETWEEN THE CITY AND FLOYD CASEY ONE, LLC AND PERSONNEL, TEXAS OPEN MEETINGS, TEXAS GOVERNMENT CODE SECTION 551.074 AND POTENTIAL ATTORNEY BRIEFING, TEXAS GOVERNMENT CODE, SECTION 551.071. DISCUSSION REGARDING THE APPOINTMENT OF THIS OF A CITY MANAGER AND A CONTRACT OF EMPLOYMENT AUTHORITY IN ACCORDANCE WITH THE CITY CHARTER. ART
* This transcript was compiled from uncorrected Closed Captioning.