Aug 19, 2024 Community Services Corp. (Type B)

[00:00:01]

AUGUST 19TH MEETING OF THE COMMUNITY SERVICE DEVELOPMENT CORPORATION TYPE B.

[1. CALL TO ORDER]

IF ANYONE IS HERE OR WOULD LIKE TO ADDRESS THE BOARD ON ANY ITEM NOT POSTED ON THE AGENDA, THIS WILL BE YOUR MOMENT TO DO THAT.

HAVE WE ANY SUCH REQUESTS?

[3.A.Consider approval of the minutes from the November 13, 2023 Community Services Corporation (Type B) Board meeting. (Staff Contact: Amanda Campos, City Secretary).]

MEMBERS, THE MINUTES ARE IN FRONT OF YOU IF YOU'LL TAKE A MOMENT TO LOOK AT THEM.

I'LL TAKE A MOTION.

SECOND. OKAY.

I HAVE A MOTION BY JOHNSON.

SECOND BY FLETCHER. ALL THOSE IN FAVOR? AND THAT MOTION PASSES BY A 4-0 VOTE.

NEXT ON OUR AGENDA IS OUR ON OUR AGENDA IS ITEM THREE B TO CONSIDER APPROVAL OF A RESOLUTION ADOPTING THE BURLESON 4B COMMUNITY SERVICE DEVELOPMENT CORPORATION FISCAL

[3.B.Consider approval of a resolution adopting the Burleson 4B Community Service Development Corporation FY 2024-2025 annual budget. (Staff Contact: Harlan Jefferson, Deputy City Manager) ]

THIS WILL BE PRESENTED BY THE ILLUSTRIOUS HARLAN JEFFERSON.

THIS IS MY LAST PRESENTATION.

I GUESS THERE ARE BENEFITS TO BEING BRIEF.

THANK YOU. OKAY 4B CORPORATION, THE HIGHLIGHTS ARE WE USE THE FUNDS TO SUPPORT PARKS ADMINISTRATION, SUBSIDIZE PARKS PERFORMANCE FUND THE GOLF COURSE, AS WELL AS CAPITAL PROJECTS AND I PROBABLY SHOULD HAVE HAD RUSSELL FARMS ON THE LIST AS WELL FOR SUPPORT.

THE MAJOR HIGHLIGHTS WILL BEGIN THE YEAR WITH FUND BALANCE.

A LITTLE OVER $5 MILLION.

REVENUE IS 7.8 MILLION.

EXPENSES AT 8.3 AND IN THE FUND BALANCE AT $4.4 MILLION.

WE HAVE ONE SUPPLEMENTAL PACKAGE THAT WAS INCLUDED.

IT'S FOR TREES AND IRRIGATION BUBBLERS AND SO FORTH.

SO IN TEXAS, WE'VE LEARNED THAT IF YOU'RE GOING TO INSTALL TREES, YOU NEED TO PROVIDE IRRIGATION AS WELL.

THE ORIGINAL REQUEST WAS I THINK IT WAS $20 MILLION.

SO THIS IS A PARTIAL FUNDING OF WHAT WE RECEIVED.

HARLAN DID WE? I HAVEN'T ASKED THIS, BUT IT'S BEEN ON THE TIP OF MY TONGUE.

HAVE WE LOOKED AT THE OFFSET? STAFF SPENDS A LOT OF TIME WATER HAND WATERING THESE TREES LAST SUMMER.

I'M SURE WE'VE HAD TO DO SOME MORE THIS SUMMER.

TAKING OUT THE DEAD TREES.

HAVE WE LOOKED AT HOW MUCH TIME WE'RE SPENDING TRYING TO REVIVE, MAINTAIN WHAT WE HAVE AND TAKE OUT WHAT'S DEAD VERSUS JUST FULLY FUNDING THE 20,000? I DON'T KNOW SPECIFICALLY WHERE THIS INSTALLATION OF IRRIGATION WILL BE AND WHERE THE TREES WILL BE, BUT I KNOW WE SPENT A LOT OF TIME, ESPECIALLY, FOR EXAMPLE, LAST SUMMER, ALL THE TREES AROUND THE MEMORIAL PARK AT 16 DIED AND SO WE'RE SPENDING A LOT OF ENERGY AND TIME.

IS IT? I DON'T KNOW WHERE SPECIFICALLY THIS IS GOING.

HAVE WE LOOKED AT THAT COMPARISON BEFORE? WE JUST ABSOLUTELY SAY CUTTING IT IN HALF IS.

SURE AND I THINK I'M GOING TO ASK JEN TO STEP UP IN A MOMENT AND ANSWER THAT A LITTLE BIT BETTER.

WHAT I WOULD SAY IS THAT ONE OF THE THINGS THAT WE'RE TRYING TO BE CONSCIOUSLY DOING MOVING FORWARD IS TO DO MID-YEAR AND END OF YEAR, IF THEY'RE NECESSARY, BUDGET ADJUSTMENTS. SO THE RECOMMENDATION FOR ME WAS WAS NOT NECESSARILY WOULDN'T ULTIMATELY FUND 20,000, BUT I JUST DIDN'T WANT TO FUND IT IF WE WEREN'T GOING TO USE ALL OF IT.

SO TRACK IT MID-YEAR.

SO IF THAT'S FOR ME, IF THAT'S ONE THAT WE SEE THAT WE'RE GOING TO EXPEND MORE, WE WOULD WANT TO GO AHEAD AND MOVE FORWARD AND THEN DO A MID-YEAR ADJUSTMENT.

BUT JEN, YOU CAN SPEAK TO IT BETTER THAN I CAN.

SURE. SO WE DON'T ACTUALLY ANTICIPATE A SPECIFIC NUMBER OF TREES THAT WE PLANT AND WATER ANNUALLY.

FOR THE PAST FOUR YEARS WE'VE HAD A ONE IN, ONE OUT CONCEPT.

SO IF WE LOSE A TREE, WE PLANT A TREE, NOT NECESSARILY SPECIFICALLY WHERE WE'VE LOST THAT TREE.

WE BUDGET FOR THE FULL BECAUSE WE'RE HOPING TO INCREASE OUR CANOPY EVERY SINGLE YEAR AND THE 20,020 THOUSAND TO DO THE FULL THING WAS TO REPLACE SOME OF THE EXISTING.

OUR BIG THING IS WE DON'T WANT A GATOR BAG AND HAND WATER ANY OF OUR TREES.

IT'S NO WAY. LIKE, FOR EXAMPLE, THE ONES AT FIRE STATION 16.

THOSE JUST DIDN'T MAKE IT.

IT WAS TOO HOT. THOSE WERE WATERED, THOUGH.

THEY WERE ON THE IRRIGATION SYSTEM AND SO SOMETIMES IT'S THE SPECIES OF TREE.

SOMETIMES IT'S THE TIME OF YEAR.

IF WE GET A HOT SPELL WAY LATER THAN WE ANTICIPATE, THEY JUST THEY GO AND SO THAT'S WHAT THE MONEY IS FOR IS TO JUST ONE IN, ONE OUT.

IT'S NOT NECESSARILY TARGETING A SPECIFIC AREA.

IT'S JUST SAYING AS NEEDED KIND OF BASIS AND THAT'S WHY IT'S NOT SETTING US BACK ANY TO ONLY DO HALF THE REQUESTED AMOUNT VERSUS THE FULL.

CORRECT. BECAUSE WE'VE NEVER FUNDED IT IN THE PAST.

WE'VE JUST PULLED IT OUT OF OPERATIONAL AND THAT'S BEEN THE CHALLENGE IS WE DIDN'T HAVE ANY POOL OF MONEY WHEN THOSE TREES WERE THEN TAKING AWAY FROM OPERATIONAL AND, YOU KNOW, NOT PLANNING FORWARD.

CORRECT. OKAY. APPRECIATE THAT.

THANK YOU. YES, MA'AM. YEAH.

[00:05:08]

THIS IS A LIST OF THE FIVE YEAR FORECASTS THAT WE PREPARE, AND YOU CAN SEE THAT THE FUND BALANCE CONTINUES TO BE ABOVE THE THRESHOLD RANGE THAT WE NORMALLY SET.

SO WE START AT THE 63 POINT ALMOST 3%.

BUT BY THE END OF THE FIVE YEAR PERIOD WE'D BE AT 42.9%.

I DIDN'T MENTION THIS DURING THE 4A, BUT I SHOULD HAVE.

WE DID DO THE REFUNDING EARLIER OF DEBT, AND PART OF THAT WE'VE REFUNDED SOME GOES FROM 2014 AND CLOSE FROM 2014, BUT IT BENEFIT 4A, 4B AS WELL AS THE TIF FUND.

SO THAT'S ONE OF THE REASONS THAT FUND BALANCE CONTINUES TO IMPROVE AS WE UPDATE THE NUMBERS.

SO WE DID GET A BETTER RATING THAN WE EXPECTED.

WE HAD BUDGETED INTEREST RATE AT 4.5%, AND IT CAME IN THE GO'S AT RIGHT AT 3.8% AND THE GOS, EXCUSE ME, CLOSE CAME IN RIGHT AT 3.8% AND THE GO'S CAME IN AT 3.44%.

SO THAT IMPROVED THINGS.

PLUS THE REFINANCING IMPROVED THINGS FOR US AS WELL.

SO WE WERE THE THRESHOLD IN YOUR FINANCIAL POLICY SAYS YOU LOOK AT REFUNDING WHEN YOU CAN GET A RETURN OF 3.5%.

SO WE'RE OVER 6% OF RETURN.

SO WE'LL SAVE OVER $1 MILLION WITH THE REFINANCING.

THIS IS THE FIVE YEAR CIP FOR THE 4A, 4B AND TIF 2 AND 4B IS IN THE MIDDLE SECTION.

SO YOU CAN SEE SOME OF THE MAJOR PROJECTS FOR NEXT YEAR IS THE CENTENNIAL.

WE HAVE THE TURF FIELDS AS WELL AS A SHANNON CREEK PARK AND THEN DOWN AT THE BOTTOM.

I THINK THE NEW PROJECT THAT'S COMING IN IS THE GREEN RIBBON FUNDING THAT YOU'LL SEE ON YOUR AGENDA SHORTLY AND YOU HAVE THE OPTIONS OF APPROVING THE RESOLUTION AS PRESENTED, NOT RECOMMENDING APPROVAL OR EITHER ONE OF THESE OPTIONS AND STAFF RECOMMENDS APPROVAL.

BE HAPPY TO RESPOND TO ANY QUESTIONS YOU MAY HAVE.

QUESTIONS, MEMBERS? [INAUDIBLE] WOULD YOU BACK THAT UP? THE SOFTBALL.

EXISTING SOFTBALL THAT I'M TRYING TO.

SORRY. YOU WENT TOO FAST.

OKAY. WHERE'D IT GO? ADULT SOFTBALL FIELDS.

OKAY. I SEE WHAT YOU'RE TALKING ABOUT.

27. YEAH.

OKAY. THANK YOU.

I JUST MISSED IT. YOU'RE WELCOME.

I'LL MAKE A MOTION TO APPROVE.

SECOND. ALL RIGHT. I HAVE A MOTION BY MAYOR FLETCHER.

A SECOND BY VICTORIA.

ALL THOSE IN FAVOR? MOTION PASSES BY UNANIMOUS VOTE.

NEXT ON OUR AGENDA IS ITEM 4.

BOARD REQUEST FOR FUTURE AGENDA ITEMS OR REPORTS.

HAVE WE ANY? I SEE NONE.

HAVE WE A NEED FOR EXECUTIVE SESSION THIS EVENING? WE DO NOT.

SO I WILL ADJOURN THE MEETING AT 4:40.

* This transcript was compiled from uncorrected Closed Captioning.