[3. Citizen Comments - According to Lubbock City Council Rules, any citizen wishing to appear in-person before a regular meeting of the City Council, regarding any matter posted on the City Council Agenda below, shall complete the sign-up form provided at the meeting, no later than 2:00 p.m. on January 13, 2026. Citizen Comments provide an opportunity for citizens to make comments and express a position on agenda items. ]

>> WE'LL NOW TAKE UP CITIZEN COMMENTS.

ACCORDING TO OUR COUNCIL RULES, ANY CITIZEN WISHING TO APPEAR IN PERSON BEFORE A REGULAR MEETING OF OUR CITY COUNCIL REGARDING ANY MATTER THAT IS POSTED ON OUR AGENDA FOR THAT DAY, SHALL APPEAR IN PERSON BEFORE A REGULAR MEETING OF THE CITY.

COUNCIL REGARDING ANY MATTER POSTED AND COMPLETE A SIGN UP FORM PROVIDED AT THE MEETING NO LATER THAN 2:00.

WE HAVE A FEW PEOPLE TODAY WHO HAVE SIGNED UP TO SPEAK TO US.

I HAVE THREE PEOPLE IF YOU COME FORWARD.

IF YOU WOULD STATE YOUR NAME FOR THE RECORD AND YOUR ADDRESS YOU'LL HAVE 3 MINUTES TO SPEAK.

YOU'LL HAVE A BELL THAT WILL RING WHEN YOU HAVE 30 SECONDS LEFT AND A SECOND BELL THAT WILL RING WHEN YOU NEED TO WRAP UP YOUR COMMENTS.

I INVITE MR. CHRIS BORN TO COME FORWARD FIRST, MR. BURN. I'M JUST RIGHT HERE AT THE MICROPHONE.

>> MY NAME IS CHRIS BORN.

I'M REPRESENTING THE LUBBOCK SENIOR CITIZENS SOFTBALL ASSOCIATION.

WE ARE AS A GROUP, I'M THE PRESIDENT.

I'M COMING TO ASK IF THERE'S ANY MEANS TO MAYBE GRANDFATHER AS TO THE PREVIOUS FEE STRUCTURE THAT WE WERE INVOLVED IN.

A LITTLE BACKGROUND ABOUT OUR ORGANIZATION.

WE ARE A MEMBER OF [NOISE] PREVIOUSLY WE WERE ALL MEMBERS OF THE COMMUNITY, 50 AND ABOVE IN THE PAST THREE YEARS, WE'VE CHANGED OUR CRITERIA.

SENIOR CITIZENS, 40 AND ABOVE AND CITY AND SURROUNDING AREAS OF LUBBOCK.

[00:05:04]

WE'VE BEEN INVOLVED WITH THE CITY ATHLETICS FOR 28 YEARS.

IN THE CURRENT STRUCTURE THAT WE HAVE, WE PAID EVERYTHING HAS GONE UP, THE INCREASE HAS BEEN SIGNIFICANT.

OUR BUDGET OPERATES IN ABOUT $12,000.

IN THE CURRENT CONDITIONS OF WHAT WE WOULD HAVE PREVIOUSLY BEEN RECEIVING, IT WOULD GO UP ABOUT $5,500.

WE ARE, IN FACT, A TRUE NONPROFIT ORGANIZATION.

THERE'S NOBODY THAT GETS PAID FROM US.

IT IS ALL JUST MEMBER SELECTED AND DRIVEN THROUGH THAT.

A FEW DONATIONS FOR THE PEOPLE IN THE SOFTBALL COMMUNITY.

FOR JERSEYS SUCH, AND WE'RE JUST GOING TO SEE IF THERE WAS ANY WAY THAT THE COUNCIL WOULD DO ALLOW THAT AT LEAST THIS YEAR.

WE FOUND THIS OUT IN DECEMBER, WE'D ALREADY HAD OUR LAST MEETING FOR THE YEAR AS FAR AS VOTING, WHAT WE WOULD TAKE IN ORDER TO FOR THE NEXT YEAR.

THIS CAME OUT OF THE BLUE FOR US.

BRIAN HALL IS WITH US. HE SIGNED UP AS WELL. HE'S THE TREASURER.

HE HAS ACTUAL NUMBERS, AND I JUST BE INTERESTED THAT THAT WAS SOMETHING THAT CITY COUNCIL WOULD TAKE INTO CONSIDERATION.

>> THANK YOU. GET READY.

NEXT IS MR. HALL, AND I BELIEVE WE HAVE SOMETHING TO PASS OUT TO THE COUNCIL MEMBERS AS WELL.

THANK YOU, MISS BARS. MISS HALL.

>> GOOD AFTERNOON, MAYOR. COUNCIL. MY NAME IS BRIAN HALL.

I LIVE IN SHALLOWATER, ACTUALLY, USED TO BE LIVING IN LUBBOCK, BUT I LIVE IN SHALLOWATER NOW, BUT I AM THE SECRETARY AND THE TREASURER OF LUBBOCK SENIOR SOFTBALL CLUB HERE IN LUBBOCK.

AS CHRIS WAS MENTIONING, WE'VE BEEN AROUND 28 YEARS IN ASSOCIATION WITH THE CITY OF LUBBOCK ATHLETICS PROGRAM.

RECENTLY, WE STARTED A 40 AND OVER.

WE SOLELY WAS A 50 AND OVER LEAGUE, AGE 50 AND OVER.

WE SINCE STARTED A 40.

WE'RE REGULATED BY NATIONAL ASSOCIATION THAT ALLOWS SENIOR SOFTBALL TO BE DEFINED AS 40 AND OVER.

WE STARTED THAT LEAGUE HERE IN LUBBOCK TOO.

WE ARE A TRUE NONPROFIT AS CHRIS MENTIONED.

WE HAVE ZERO PEOPLE THAT ARE PAID IN OUR ORGANIZATION.

WE DON'T HAVE A DIRECTOR THAT HAS A SALARY AREA OF THAT STUFF.

WE'RE SOLELY BASED ON MEMBERSHIP AND OUR MEMBERSHIP FEES THAT ARE ALLOWED FOR US.

WE WERE NOTIFIED LATE NOVEMBER EARLY DECEMBER THAT OUR FEE STRUCTURE WAS GOING TO GO UP.

THE PAST 28 YEARS, WE'VE ONLY BEEN CHARGED USER FEES.

SO EACH ONE OF OUR PLAYERS ARE REQUIRED TO PAY A FEE TO THE CITY FOR THE USE OF THE FACILITIES.

WE'VE NEVER BEEN CHARGED IN 28 YEARS, LIGHT FEES AND OR MAINTENANCE FEES FOR THE WHETHER IT'S MCKENZIE PARK OR WE NOW PLAY AT BERL HUFFMAN COMPLEX.

THOSE FEES WERE SUBMITTED TO US AFTER OUR BUDGET WAS ALREADY SET FOR THE CURRENT FISCAL YEAR, AND THAT INCREASE IS GOING TO APPROXIMATELY COST US ABOUT 5,500.

WE RUN ON A VERY TIGHT BUDGET.

WE'RE USUALLY IN THE RED UNLESS WE GET DONATIONS SO THIS IS GOING TO BE DETRIMENTAL TO OUR ORGANIZATION.

WE JUST ASKED THAT AS PART OF THE BERL HUFFMAN COMPLEX, AND I KNOW SOCCER IS A LITTLE DIFFERENT WITH THE TURF FIELD, BUT WE JUST ASKED THAT GET CONSIDERED AS A NONPROFIT NOT FOR PROFIT ORGANIZATION THAT WE HAVE A YEAR TO SUBTAIN AND TAKE IN WHAT WAS SUBMITTED TO US FOR THE 26TH SEASON, AND EVEN THAT, I'VE HAD CONVERSATIONS WITH SOME OF THE PEOPLE THAT ARE IN CHARGE OF PARKS AND REC AROUND COLLABORATING AND MAYBE THEM TAKING ON OUR LEAGUE.

WE'VE BEEN SOLELY OPERATED AND SOLELY DRIVEN WE PAY FOR EVERYTHING FROM SOUP TO NUTS.

THAT'S INSURANCE, EQUIPMENT, SCORE KEGERS, UMPIRES.

NONE OF THAT FALLS ON THE CITY.

THE ONLY THING THAT FALLS ON THE CITY IS THE THINGS THAT NOW ARE BEING SUBMITTED TO US FOR THE 26 SEASONS.

WE WOULD JUST ASK THAT THE COUNCIL, TAKE INTO CONSIDERATION AND MAYBE GIVE US A YEAR SO THAT WE CAN COLLABORATE WITH THE CITY ON FURTHER DIRECTION, TO KEEP OUR LEAD RUNNING. THANK YOU VERY MUCH.

>> THANK YOU, MR. HALL.

ROXY CARDENAS.

>> SORRY, I'M A LITTLE SHORTER. BUT I AM WITH TRIP SA SOFTBALL FOR SLOW PITCH.

[00:10:03]

I'M ALSO SPEAKING ON BEHALF OF ULTROP FAST PITCH WITH JULIE RODRIGUEZ THAT RUNS MULTIPLE EVENTS OUT HERE.

OUR FEES HAVE ALSO GONE UP AND IT WASN'T SOMETHING THAT WE WERE QUITE NOTIFIED ON, WE WERE JUST TOLD BACK IN DECEMBER I THINK NOVEMBER AND DECEMBER THAT HEY, THERE'S CHANGES.

WE WERE PAYING AT APPROXIMATELY 175 PER FIELD PER DAY, NOW WE'RE AT 500 PER FIELD PER DAY.

ALONG WITH THE MAINTENANCE FEES, ALONG WITH THE CLEANUP PREP, THAT DOESN'T INCLUDE ANY OF THAT.

AND WITH OUR NUMBERS WISE, I MEAN, WE HAVE CONTINUOUSLY GROWN, IN ESPECIALLY SLOW PITCH.

LAST JUST DECEMBER, WE BROUGHT IN 95 TEAMS INTO LUBBOCK.

LUBBOCK HASN'T HAD THOSE KIND OF NUMBERS IN PROBABLY 10 YEARS AND THAT WAS WITH 65 OF THOSE TEAMS BEING FROM OUT OF LUBBOCK.

WE'D LIKE TO CONTINUE THAT IF WE CAN.

I JUST WITH THOSE FEES, IT JUST HURTS A LITTLE MORE.

THEN WE WERE ALSO NOTIFIED JUST LAST WEEK THAT WE CAN NO LONGER RUN 24 HOUR EVENTS.

ANYONE WITH SLOW PITCH JUST KNOWS THAT'S PART OF THE GAME.

YOU PLAY ALL HOURS OF THE NIGHT WHICH IS FINE.

IF WE HAVE TO CUT OFF AT MIDNIGHT WITH PARK HOURS, IT JUST HURTS AS FAR AS NOW WE HAVE TO LIMIT THE AMOUNT OF TEAMS WERE BROUGHT IN BECAUSE WE CAN NO LONGER PLAY OVERNIGHT.

THERE HASN'T BEEN ANY REPORTS OF INCIDENTS THAT HAVE HAPPENED, ANYTHING WITH INJURIES, THINGS THAT HAVE AFFECTED THAT COULD HAVE POSSIBLY SAID, NO, WE NEED TO ELIMINATE.

I WOULD JUST LIKE TO HAVE THAT CONSIDERED TO THE FEES.

>> ROXY, WHAT IS THE NAME OF YOUR ORGANIZATION IS A SLOW PITCH?

>> [INAUDIBLE]

>> THANK YOU VERY MUCH.

>> THANK YOU.

>> I BELIEVE THAT COMPLETES ALL OUR CITIZEN COMMENTS FOR PEOPLE WHO'VE SIGNED UP TODAY.

WE'LL MOVE ON HERE AND WE'LL TAKE UP OUR AGENDA ITEM 4.1,

[4. Minutes]

THE MINUTES FROM DECEMBER 2ND, 2025, BOY. THAT WAS A LONG TIME AGO.

REGULAR CITY COUNCIL MEETING, AND THOSE ARE IN OUR PACKETS.

IS THERE A MOTION TO APPROVE ITEM 4.1? I HAVE A SECOND.

>> SECOND.

>> I HAVE A MOTION AND A SECOND.

ANY CHANGES TO THOSE MINUTES? I SEE NONE. ALL IN FAVOR.

LET ME NO SAY AYE.

>> AYE.

>> ANY OPPOSE SAY NAY? I HEAR NONE.

MOTION APPROVES UNANIMOUSLY. NEXT,

[5. Consent Agenda - Items considered to be routine are enacted by one motion without separate discussion. If the City Council desires to discuss an item, the item is removed from the Consent Agenda and considered separately.]

WE'LL TAKE UP OUR CONSENT AGENDA.

ITEM 5.

THERE'S NOT BEEN ANY REQUESTS FROM ANY COUNCIL PERSON TO PULL ANY ITEMS FROM THE CONSENT AGENDA SO I WILL ENTERTAIN A MOTION TO APPROVE THE CONSENT AGENDA AS PRESENTED.

IS THERE SUCH A MOTION?

>> I MOVE.

>> IS THERE A SECOND?

>> SECOND.

>> HAVE A MOTION AND A SECOND. ANY DISCUSSION ON THAT? ALL IN FAVOR. LET IT BE KNOW BY SAYING AYE.

>> AYE.

>> ANY OPPOSE SAY NAY? I HEAR NONE, THE MOTION IS APPROVED UNANIMOUSLY.

MOVING ON NOW TO OUR REGULAR AGENDA.

[1. Resolution - Finance: Consider a resolution authorizing publication and posting of notices of intention to issue City of Lubbock, Texas Certificates of Obligation, General Obligation Bonds, and Water and Wastewater System Revenue Bonds. ]

I WILL START WITH AGENDA ITEM 6.1 TO CONSIDER A RESOLUTION AUTHORIZING PUBLICATION AND POSTING OF NOTICES OF THE INTENTION TO ISSUE CITY OF LUBBOCK, TEXAS CERTIFICATES OF OBLIGATION, GENERAL OBLIGATION BONDS, WATER AND WASTEWATER SYSTEM REVENUE BONDS.

I WANT TO CALL ON MR. AMENEZ, OUR CHIEF FINANCIAL OFFICER TO PROVIDE A BRIEFING ON THIS MATTER. MR. AMENEZ?

>> [BACKGROUND] GOOD AFTERNOON, MARY AND COUNSEL.

THIS AGENDA ITEM 6.1 IS A RESOLUTION TO AUTHORIZE THE PUBLICATION AND POSTING OF CERTIFICATES OBLIGATIONS, GENERAL OBLIGATION BONDS, AND WATER AND RACE WATER REVENUE BONDS.

ALONG WITH THIS IS A REFUNDING OF COLLABLE BONDS, THAT WOULD PROVIDE US, INTEREST SAVINGS FOR THE DURATION OF THOSE LOANS.

WHAT WE'RE DOING IS REFINANCING SOME BONDS THAT ARE CALLABLE WITH LOWER INTEREST RATES, SO WE'LL SEE SOME SAVINGS THAT DOESN'T CHANGE THE TERM OF THE BONDS.

THEY'RE CALLABLE AT 10 YEARS, BUT WE'LL HAVE SOME INTEREST SAVINGS ON THE LAST 10 YEARS OF THOSE BONDS.

AGAIN, THE PROJECTS THAT ARE IN THE DEBT SERVICE LISTING ARE ALL APPROVED IN THE FISCAL YEAR 2025-26 ADOPTED CAPITAL PROGRAM.

AS YOU CAN SEE HERE, WE HAVE SOME GENERAL OBLIGATION BONDS THAT TOTAL ABOUT 16.6 MILLION.

THESE WERE THE BONDS THAT WERE APPROVED IN THE NOVEMBER 2022 GO AUTHORIZATION.

[00:15:01]

WE HAVE SOME BONDS TOTALING 25.7.

THOSE BONDS WERE APPROVED IN 2024 GO OBLIGATION BONDS.

WE ALSO HAVE A PROJECT OF WATER AND WASTEWATER.

OUR WEST LUBBOCK WATER SYSTEM EXPANSION, WHICH TOTALS 36.4 MILLION.

WE DO HAVE ONE ISSUANCE OF COS, WHICH IS OUR UPLAND AVENUE 82ND STREET IN 98 STREET PROJECT.

THAT'S COST ESTIMATE AT $12.5 MILLION.

TODAY, I HAVE WITH ME, MR. MATT BOS FROM RBC CAPITAL.

HE'S GOING TO GET INTO THE WEEDS AND GIVE US A MARKET UPDATE AND WHAT WE CAN EXPECT THOSE INTEREST RATES COULD POSSIBLY BE BY TIME WE GET TO THE SEE OF THE BONDS.

WE INTEND TO GO TO MARKET WITH THESE BONDS IN MID TO LATE MARCH.

BUT AGAIN, THIS IS JUST SETTING THE PUBLICATION OF NOTICE FOR THE ISSUANCE OF THESE BONDS.

THESE HAVE TO BE, IN THE NEWSPAPER ONCE EVERY WEEK FOR FIVE WEEKS.

THAT'S WHAT THE AUTHORIZATION OF THIS RESOLUTION IS DOING FOR US TODAY.

IF YOU ALL HAVE ANY FURTHER QUESTIONS, I'LL TURN IT OVER TO MR. BOWLES.

THANK YOU, MR. JIMENEZ.

MR. MAYOR, COUNSEL. GOOD AFTERNOON.

HAPPY NEW YEAR. IT'S GOOD TO SEE YOU ALL.

I HAVE A PRESENTATION I WANT TO GO THROUGH AND THAT WE'LL PICK UP PRECISELY WHERE MR. JIMENEZ LEFT OFF.

THERE IS A LOT GOING ON HERE AND I'VE TRIED TO LAY THIS OUT IN THIS PRESENTATION IN A WAY THAT'S HOPEFULLY EASILY UNDERSTANDABLE, BUT I'M HAPPY TO ANSWER QUESTIONS IF WE GET TOO FAR OFF INTO THE WEEDS.

HERE WE GO. I ALWAYS LIKE TO START OFF WITH JUST A LITTLE BIT ON CATCHING YOU UP WITH OUR MARKETING, THE US MUNICIPAL BOND MARKET, TO GIVE YOU A SENSE OF WHERE THINGS STAND TODAY.

IT OFTENTIMES CAN GET MUDDLED UP WITH OTHER MARKETS THAT YOU MAY BE TRACKING IN YOUR NEW SOURCE SO I'D LIKE TO ISOLATE THIS ONE.

ALL THAT TO SAY THAT I'LL START OFF WITH A LITTLE BIT ABOUT JUST THE GENERAL ECONOMY, AND YOU PROBABLY ARE AWARE OF THIS, BUT THE FED HAS MADE WHAT WE THINK WILL BE THEIR LAST MOVE FOR A WHILE.

THEY'VE TAKEN A WAIT AND SEE APPROACH, WHICH MEANS THAT CHAIRMAN POWELL IS GOING TO CONTINUE TO ANALYZE THE DATA, PROBABLY ARGUE WITH THE PRESIDENT A LITTLE BIT ABOUT OVER WHAT THE DATA IS REALLY TELLING US, AND WHETHER OR NOT RATE SHOULD BE CHANGED.

WE'LL WATCH THAT CLOSELY.

THE POINT IS THAT WE DON'T EXPECT THERE TO BE ANYTHING THAT'S GOING TO HAPPEN IN THE NEXT SEVERAL MONTHS.

THE FED WILL MEET AGAIN IN JANUARY THIS MONTH.

WE EXPECT TO SEE THEM SIT TIGHT.

THE UNEMPLOYMENT RATE HAS COME DOWN, GROWTH CONTINUES TO BE FAIRLY ROBUST.

I THINK GDP MEASURES ACROSS ALL OF 2025 FOR EACH QUARTER WERE STRONGER THAN EXPECTED EVER SO SLIGHTLY, BUT NONETHELESS STRONGER THAN EXPECTED.

WE VIEW THIS ECONOMY AS A FAIRLY BALANCED ECONOMY RIGHT NOW.

INFLATION IS MORE IN CHECK THAN IT WAS, CERTAINLY FIVE YEARS AGO.

GROWTH IS BACK TO BEING AT A ROBUST LEVEL, AND I THINK WE'RE GENERALLY HAPPY WITH WHERE THEY STAND AND HOW THAT AFFECTS THE RATE MARKET.

WE REALLY THINK THE RATE MARKET FOR 2026 WILL BE VERY STABLE.

THERE'S AN INCREDIBLE AMOUNT OF RESILIENCY THAT WE'VE SEEN IN THE US BOND MARKET, INCLUDING ALL TYPES OF LEVERED FINANCE, INCLUDING MUNIS.

REALLY, IF YOU LOOK AT THE EQUITY MARKETS, IT'S JUST INCREDIBLE WHAT THEY'VE DONE IN THE FACE OF SOME OF THESE HEADWINDS.

WE'RE PRETTY ENERGIZED ABOUT WHERE THINGS STAND ECONOMICALLY TODAY.

ALL THAT TO SAY THAT WE'LL CONTINUE TO WATCH THE MARKET THAT YOU OPERATE IN.

I ALWAYS REFER TO THIS GRAPH, AND I THINK IT'S IMPORTANT FOR US TO TAKE A LOOK AT IT TODAY IN THE LOWER LEFT HAND CORNER OF PAGE 2.

MUNICIPAL MARKET DATA IS THE INDEX THAT WE PRICE OFF OF.

IT IS MY DOW JONES, AND IT'S TAKEN ONCE A DAY.

IT'S A READ THAT'S GIVEN TO US AND SERVES AS THE BASIS FOR FUNCTIONALLY EVERY AMORTIZATION THAT YOU SEE IN OUR MARKETPLACE.

THE LOWER LEFT HAND CORNER SHOWS YOU A BAND OF OVER 20 YEARS WHERE THAT HISTORICAL RANGE HAS BEEN, AND IT'S PRETTY WIDE UNDERSTANDING THAT COVID WAS CAUGHT UP IN THIS AND SOME OTHER THINGS ON THE DOWNSIDE.

IT ALSO SHOWS YOU WHERE THINGS ARE ON AN AVERAGE BASIS OVER 20 YEARS.

THEN IN THE DARK PURPLE LINE, WHERE WE STAND TODAY.

WE'RE RIGHT IN THE MIDDLE OF THE 20 YEAR AVERAGE, OR JUST ABOVE IT SLIGHTLY.

YOU ALL WOULD PRICE JUST ABOVE EACH ONE OF THOSE ANNUAL MARKS ON THAT LOWER AXIS THERE WITH A CREDIT SPREAD OF 10 TO 20 TO 30 BASIS POINTS.

YOU'RE LOOKING AT BORROWING MONEY, IN THE 4% RANGE WHEN IT'S ALL FULLY AMORTIZED, AND I'M GOING TO GO THROUGH SOME NUMBERS IN A LITTLE BIT.

THIS IS ALL MY WAY OF SAYING, I FEEL LIKE WE HAVE A REALLY STABLE ENVIRONMENT IN WHICH TO DO THE PROJECTS THAT WE'RE ABOUT TO TALK ABOUT.

I'M HAPPY TO TALK TO YOU ABOUT SOME OF THE TACTICS WE USE TO MOVE AROUND TIMES OF VOLATILITY, BUT I FEEL LIKE THE WAY YOU'RE SET UP AND WHAT WE'VE DONE IN THE PAST SERVES YOU WELL.

I'LL BE BACK IN A COUPLE OF MONTHS TO GO THROUGH THE PARAMETERS ORDER.

WE'LL GET TO SEE THIS AGAIN, AND I'LL GIVE YOU A FRESH SET OF EYES ON WHERE THINGS STAND AT THAT POINT.

[00:20:02]

I'M GOING TO FLASH FORWARD NOW AND JUST GET RIGHT INTO THE PLAN OF FINANCE.

AS MR. H JIMENEZ SAID, YOU'VE REALLY GOT THREE CATEGORIES OF NEW MONEY OBLIGATIONS THAT YOU'RE LOOKING AT ISSUING CERTIFICATES OF OBLIGATION, GO BONDS FROM BOTH YOUR 22 AND 24 ELECTIONS, AND THEN SOME WATER WASTEWATER BONDS.

THOSE ARE ALL NEW MONEY PROJECTS.

THEY'RE HIGHLIGHTED FOR YOU.

THIS IS THE SAME TABLE THAT HE WENT THROUGH WHEN HE WAS UP HERE AT THE LECTER. NO CHANGES.

THE ADDITIONS TO THESE WOULD COME IN THE FORM OF REFINANCING SOME OUTSTANDING BONDS.

IF YOU LOOK ON THE LOWER LEFT HAND SIDE, THE LAST BULLET POINT, WE WORKED REAL HARD TO GET A LOT ON THIS PAGE, I GUESS, DIDN'T WE? THE LAST BULLET POINT SHOWS YOU THAT WE ARE LOOKING TO REFINANCE PORTIONS OF THOSE THREE SERIES OF OBLIGATIONS.

I SAY PORTIONS OF BECAUSE A, NOT ALL OF THEM ARE CALLABLE AND B, WE ANALYZE EVERYTHING ON A MATURITY BY MATURITY BASIS SO THAT WE MAKE SURE THAT EACH ONE HITS CERTAIN METRICS BEFORE WE JUST GO REFINANCE IT.

THAT SAVES COSTS.

THAT'S MORE FINANCIALLY PRUDENT.

THERE ARE A NUMBER OF REASONS THAT WE DO THAT.

WE WILL UNDERTAKE THE SALE OF ALL THREE OF THESE CATEGORIES ALONG WITH THE REFINANCING OF THESE BONDS, AND THIS IS HOW THAT LOOKS.

THE FIRST IS THE CERTIFICATES OF OBLIGATION SERIES 2026.

THIS IS ALL FOR JUST NEW MONEY.

YOU CAN SEE THE PROJECT FUND THERE ON THE LEFT HAND SIDE WILL BE FUNDED AT 12.5 MILLION AND THAT MATCHES THE PROJECT THAT MR. H JIMENEZ WENT THROUGH IN HIS OPENING REMARKS.

THE ALL END TRUE INTEREST COST IN THE MIDDLE OF THE PAGE IS HIGHLIGHTED.

THIS IS PRELIMINARY, SUBJECT TO CHANGE, 4.22%.

THIS IS AMORTIZED OVER A 20 YEAR PERIOD, AND YOU CAN SEE HOW THAT'S AMORTIZED ON THE RIGHT HAND SIDE.

THE NEXT SERIES OF OBLIGATIONS ARE YOUR GO BONDS, AND THERE'S TWO THINGS GOING ON HERE.

ONE IS YOU'LL DO YOUR NEW MONEY SALE AND YOU CAN SEE THE PROJECT FUND DEPOSIT OF 42.3 MILLION, AND AGAIN, THAT MATCHES THE FIRST SUMMARY PAGE.

BUT WE'RE GOING TO LOOK TO REFINANCE SOME OBLIGATIONS THAT WILL FALL WITHIN YOUR GENERAL OBLIGATION BOND LINE FOR A TRUE INTEREST COST OF 3.81%.

THIS TOO IS AMORTIZED OVER A 20 YEAR PERIOD, AND YOU CAN SEE THAT ON THE RIGHT HAND SIDE.

TO SHOW YOU WHAT THE REFUNDING LOOKS LIKE, I'M GOING TO THIS NEXT PAGE, AND I'LL POINT TO THE UPPER RIGHT HAND PORTION OF THE PAGE.

THIS IS THE REFUNDING SAVINGS PROJECTED BY YEAR, PROJECTED, SUBJECT TO CHANGE BASED ON MARKET CONDITIONS AT THE TIME OF THE SALE.

ON A GROSS BASIS, THE CITY WILL SAVE RIGHT AT $1.8 MILLION INTEREST SAVINGS OVER THE LIFE OF THESE OBLIGATIONS, SHOULD THE MARKET HOLD WHERE THEY ARE TODAY.

ON A PRESENT VALUE BASIS, THAT'S JUST OVER 1.5 MILLION.

THIS HITS ALL OF THE APPROPRIATE METRICS THAT WE LIKE TO SEE WHEN WE RECOMMEND THESE FINANCING.

SO AT THIS TIME, WE'RE GOING TO STICK WITH THIS STRUCTURE, BUT WE'LL RESERVE THE RIGHT TO CHANGE THAT UP UNTIL THE DATE THAT WE PRICE IF THINGS SHOULD CHANGE.

I'LL POINT OUT AT THE BOTTOM OF THE PAGE, THE THREE SETS OF OBLIGATIONS THAT WILL BE REFUNDED UNDER THIS LIEN.

THE APPROXIMATELY 48 MILLION, THEY COME FROM YOUR SERIES 2016, BONDS ISSUED IN CO, GO, AND GO REFUNDING, AND YOU CAN SEE THAT AT THE BOTTOM OF THE PAGE.

THAT'S GO. NOW WE GO OVER TO YOUR WATER WASTEWATER LIEN AND YOU'VE GOT TWO THINGS GOING ON HERE AS WELL.

THE NEW MONEY PORTION, THE PROJECT FUND IS FUNDED AT 36.4 MILLION.

I KEEP REPEATING MYSELF, BUT AGAIN, THAT MATCHES THE SUMMARY TABLE THAT MR. H JIMENEZ WENT THROUGH.

WE ARE GOING TO REFINANCE A PORTION OF YOUR BONDS OF APPROXIMATELY 14 MILLION FOR A TRUE INTEREST COST OF 4.04%.

THE NUMBERS ARE AMORTIZED OVER A 20 YEAR PERIOD, AND I APOLOGIZE FOR THE FUNNY LOOKING FONT THERE.

I DON'T KNOW HOW THAT'S STACKED UP THAT WAY, BUT I CAN GET A CLEANER AMORTIZATION IF YOU'D LIKE TO SEE IT.

THE REFUNDING IS HIGHLIGHTED ON THE NEXT PAGE.

AGAIN, THIS IS SUBJECT TO CHANGE UPPER RIGHT HAND CORNER.

IT SAVES JUST OVER $600,000 OVER THE LIFE, THE REMAINING LIFE UNEXTENDED AUTHOR, UNEXTENDED AMORTIZATION ON THIS SERIES OF BONDS.

I WILL NOTE, AND I DO LIKE TO REMIND YOU THAT YEARS AGO WHEN MR. ATKINSON JOINED THE CITY, THE COUNCIL AT THAT TIME MADE THE DECISION TO REOPEN A WATER WASTEWATER LIEN AND TO START ISSUING BONDS IN THERE PRIOR TO THAT, THE CITY HAD GOTTEN INTO A PRACTICE OF ISSUING BONDS AS CERTIFICATES OF OBLIGATION THAT WERE SELF SUPPORTED BY THE WATER WASTEWATER, BUT THIS IS A CLEANER, MUCH EASIER WAY TO DO THIS.

IT'S VIEWED VERY FAVORABLY FROM THE RATING AGENCIES.

[00:25:01]

THEY LIKE TO SEE THAT CORDONED OFF.

WHAT YOU'LL NOTICE AT THE BOTTOM OF THIS PAGE IS THAT WE HAVE SOME COS AND GOS AND TO SOMEONE IN THE PUBLIC, THEY MIGHT SAY, WHY ARE YOU REFINANCING THOSE BONDS INTO THIS LIEN? THE ANSWER IS THAT THEY WERE ISSUED AT THAT TIME BACK IN 2016 TO FUND WATER, WASTEWATER PROJECTS.

WE'RE JUST PUTTING THEM BACK IN THEIR PROPER PLACE NOW.

WE'VE BEEN DOING THAT OVER TIME AND WE'RE GETTING REAL CLOSE TO BEING DONE.

ANY NEW MONEY YOU ISSUE OBVIOUSLY GOES OUT OF THAT LIEN, EVERYTHING'S NICE AND TIDY IN THEIR SPOT.

I JUST WANTED TO POINT THAT OUT.

THEN FINALLY, MR. H JIMENEZ SPOKE TO THIS IN TERMS OF TIMING.

OBVIOUSLY HERE TODAY TO HELP YOU WITH QUESTIONS YOU MIGHT HAVE AROUND PASSING THE NOTICE OF INTENT.

JERRY KYLE IS WITH ME TODAY FROM OGD, YOUR BOND COUNSEL.

HE CAN TALK ABOUT SOME OF THESE OTHER STEPS IN HERE IF NEEDED.

BUT THE NEXT TIME WE'LL BE BACK IS ON MARCH THE 10TH, WHEN YOU WILL ATTEMPT TO APPROVE A PARAMETERS RESOLUTION AUTHORIZING THE ISSUANCE OF THE BONDS, WHICH WILL OCCUR ON OR ABOUT A WEEK LATER, DEPENDING ON MARKET CONDITIONS.

AGAIN, ONE OF THE BEAUTIES OF DOING THIS THIS WAY IS THAT YOU HAVE THE FLEXIBILITY TO MOVE THINGS AROUND.

WITH THAT, I CAN ANSWER QUESTIONS, JERRY CAN CERTAINLY ANSWER QUESTIONS IF YOU HAVE THOSE FOR HIM.

I'LL TURN IT BACK TO YOU, MR. MAYOR.

ALL RIGHT. ONE QUESTION, THOSE FIGURES YOU GAVE US FOR THE SAVINGS ON THE TWO FOR REFUNDING OR REFUNDING IS THE WORD WE USE WHEN YOU REFINANCE.

MOST PEOPLE CALL IT REFINANCING, WE CALL IT REFUNDING.

IF PEOPLE ARE LISTENING, THEY WONDER WHAT IN THE WORLD WE'RE TALKING ABOUT HERE.

THIS IS A SAVINGS BY GETTING A LOWER INTEREST RATE OVER TIME OR LOWER RATE ON OUR BOND ISSUANCES.

IS THIS THE SAVINGS NET OF ANY COSTS OF DOING THE REFUNDING? GREAT QUESTION. THESE ARE NET OF ALL COSTS.

ALL ESTIMATED ON THE HIGHER SIDE, SO WE EXPECT THESE RESULTS TO GET BETTER JUST ON THE COSTS ALONE.

ALL RIGHT. ANY OTHER QUESTIONS? I SEE NONE. ALL RIGHT. THANK YOU.

THANK YOU ALL. WE'LL SEE YOU IN MARCH.

ALL RIGHT. IS THERE A MOTION TO APPROVE ITEM 6.1? SUMMARY.

IS THERE A SECOND? HAVE A MOTION SECOND, ANY FURTHER DISCUSSION ON THIS MATTER.

ALL RIGHT. I SEE NONE.

ALL IN FAVOR, LET ME BY SAY AYE.

[OVERLAPPING].

ANY OPPOSED SAY NAY? HEAR NONE.

SO THAT MOTION PASSES UNANIMOUSLY. ALL RIGHT.

I DON'T WANT A SECOND HERE. HERE WE GO.

COUNSEL, NOW TAKE UP ITEM 6.2 TO CONSIDER APPOINTMENTS TO THE AMERICAN WINDMILL MUSEUM.

[2. Board Appointments - City Secretary: Consider appointments to the American Windmill Museum, Inc. Board of Directors, Animal Services Advisory Board, Board of Health, Capital Improvments Advisory Committee, Central Business District Tax Increment Financing Reinvestment Zone Board of Directors, Civic Lubbock, Inc. Board of Directors, Community Development & Services Board/Urban Renewal Agency Board of Commissioners, Cultural Arts Grants Review Standing Sub-Committee, Lubbock Housing Finance Corporation Board of Directors, Libraries Board, Lubbock Business Park Tax Increment Financing Reinvestment Zone Board of Directors, North Overton Tax Increment Financing Reinvestment Zone Board of Directors, North Park Tax Increment Financing Reinvestment Zone Board of Directors, Public Transit Advisory Board, Urban Design & Historic Preservation Commission, Veterans Advisory Committee, and the Zoning Board of Adjustment. ]

BOARD OF DIRECTORS, OR ANIMAL SERVICES ADVISORY BOARD OF BOARD, OUR BOARD OF HEALTH CAPITAL IMPROVEMENTS ADVISORY COMMITTEE, CENTRAL BUSINESS, DISTRICT TAX INCREMENT REFINANCING FINANCING REINVESTMENT ZONE BOARD OF DIRECTORS, CIVIC LUBBOCK INCORPORATED, BOARD OF DIRECTORS, COMMUNITY DEVELOPMENT AND SERVICES BOARD, URBAN RENEWAL AGENCY BOARD OF COMMISSIONERS, CULTURAL ART GRANTS, REVIEW, STANDING SUBCOMMITTEE, LUBBOCK HOUSING FINANCE CORPORATION BOARD OF DIRECTORS, THE LIBRARIES BOARD, LUBBOCK BUSINESS PARK TAX INCREMENT FINANCING REINVESTMENT ZONE BOARD OF DIRECTORS, THE NORTH OVERTON TAX INCREMENT FINANCING REINVESTMENT ZONE BOARD OF DIRECTORS, THE NORTH PARK TAX INCREMENT FINANCING REINVESTMENT ZONING BOARD OF DIRECTORS, THE PUBLIC TRANSIT ADVISORY BOARD.

URBAN DESIGN AND HISTORIC PRESERVATION COMMISSION, VETERANS ADVISORY COMMITTEE, AND THE ZONING BOARD OF ADJUSTMENTS.

ALL RIGHT. ARE WE OKAY? MR. MAYOR, I THINK POSSIBLY [OVERLAPPING].

THAT I READ THAT.

I OUGHT [OVERLAPPING] SO ASK COUNSEL TO CONSIDER ALL EXCEPT NORTH PARK TAX INCREMENT FINANCE WHEN I THINK WE'RE TAKING THAT ONE OUT.

THIS IS GOING TO BE ALL EXCEPT FOR THE NORTH PARK TAX INCREMENT FINANCING REINVESTMENT ZONE BOARD OF DIRECTORS BECAUSE MR. GLUSHIEN WILL RECUSE HIMSELF FOR THAT ONE.

IT'S EVERYTHING BUT WHAT I JUST READ OFF IN THAT LONG LIST.

ALL RIGHT. I'M GOING TO CALL ON MISS PAZ TO GIVE US A BRIEFING ON THIS.

THANK YOU, MAYOR. I WILL RUN THROUGH THESE BOARDS, AND THEN I WILL BE OPEN FOR ANY QUESTIONS.

FOR THE AMERICAN WOMEN MUSEUM BOARD OF DIRECTORS, THE RECOMMENDATION IS TILLMAN HURT TO REPLACE RACHEL GONZALEZ.

ON THE ANIMAL SERVICES ADVISORY BOARD AND A CITIZEN POSITION, HENRY TORINGO, TO REPLACE ARIN CAVIAR, ON THE BOARD OF HEALTH, TO REPLACE BRANDON FOKIN, DOCTOR DUKE APIA, ON THE CAPITAL IMPROVEMENTS ADVISORY COMMITTEE TO REPLACE THOMAS PAYNE IN A DEVELOPER REAL ESTATE BUILDER POSITION, CLARK LAMBERT, ON THE CENTRAL BUSINESS DISTRICT TAX INCREMENT FINANCING REINVESTMENT ZONE BOARD OF DIRECTORS, THE REAPPOINTMENT OF ROBERT TAYLOR,

[00:30:02]

BRETT MCDOWELL, AND GAY TELA, FOR CIVIC LUBBOCK INC BOARD OF DIRECTORS, DARRYL HOLLAND, TO REPLACE EMILY WILKINSON.

FOR THE COMMUNITY DEVELOPMENT AND SERVICES BOARD, URBAN RENEWAL AGENCY BOARD OF COMMISSIONERS, THE REAPPOINTMENT OF JAY WARNICK AND AMY GEORGE, TO REPLACE LEO FLORES IN A CITIZEN AND REAL PROPERTY OWNER POSITION, MARIA GOMEZ, FOR THE CULTURAL ARTS GRANTS REVIEW STANDING SUBCOMMITTEE, THE REAPPOINTMENT OF PAULA JANUARY, THE LUBBOCK HOUSING FINANCE CORPORATION BOARD OF DIRECTORS, THE APPOINTMENT OF TIM GREEN, TO REPLACE CARL RUSSELL IN A BUILDER POSITION, AND BRIAN ALBIAR TO REPLACE TOM COER IN A MORTGAGE BANKING POSITION, FOR THE LIBRARY'S BOARD, THE REAPPOINTMENT OF PATRICIA MALONEY, JAN RAMIREZ, AND DERECK RABON.

FOR THE LUBBOCK BUSINESS PARK TAX INCREMENT FINANCING REINVESTMENT ZONE BOARD OF DIRECTORS, THE REAPPOINTMENT OF CHRISTOPHER HOOK, TONY WHITEHEAD, AND DOCTOR KATHY ROLO, FOR THE NORTH OVERTON TAX INCREMENT FINANCING REINVESTMENT ZONE BOARD OF DIRECTORS, THE REAPPOINTMENT OF TIMOTHY PRIDMORE, FOR THE PUBLIC TRANSIT ADVISORY BOARD, RONALD A TOR, TO REPLACE PAR SOSA, FOR THE URBAN DESIGN AND HISTORIC PRESERVATION COMMISSION, THE REAPPOINTMENT OF BAYNETTA JORDAN AND RANDY HENSON, FOR THE ARCHAEOLOGY PALEONTOLOGIST POSITION, SALLY SHELTON TO REPLACE TAMARA WALTER, IN A CITIZEN POSITION TO REPLACE DAVID CHAPA, PATSY JACKSON, FOR THE VETERANS ADVISORY COMMITTEE, FABIAN MARTINEZ, TO REPLACE NORMAN BEARDEN, AND FOR THE ZONING BOARD OF ADJUSTMENTS TO REAPPOINT SHANNON SPENCER AND DEANA MCPHERSON, AND TO PROMOTE TRACY THOMASON FROM AN ALTERNATE POSITION TO A FULL MEMBER POSITION TO REPLACE JOE F JUNIOR.

THEN TO REPLACE RAPHAEL GUTIERREZ, DANIEL CRAIG, TRACY THOMASON, ALL THREE IN ALTERNATE POSITIONS, MIKE KERR, BRETTON VALERIO, AND IAN COLE WATTS.

I'D BE PLEASED TO TAKE ANY QUESTIONS.

ARE THERE ANY QUESTIONS FOR MISS PAZ?

>> I SEE NONE. DO I HAVE A MOTION TO ACCEPT THESE NOMINATIONS OR APPOINTMENTS TO THESE VARIOUS BOARDS AND COMMISSIONS.

>> SO MOVED.

>> YOU HAVE A SECOND.

>> SECOND.

>> ANY FURTHER DISCUSSION? I SEE NONE. ALL FAVOR LET SAY AYE. AYE.

>> AYE.

>> ANY OPPOSING NAY? I HEAR NONE, SO THAT MOTION PASSES UNANIMOUSLY.

WE WILL NOW TAKE UP THE NORTH PARK TAX INCREMENT FINANCING REINVESTMENT ZONE BOARD OF DIRECTORS, MR. GLASHEEN, WILL NOTE FOR THE RECORD IS RECUSING HIMSELF ON THIS VOTE.

>> THANK YOU, MAYOR. WITH THAT, WE HAVE THREE INDIVIDUALS UP FOR REAPPOINTMENT, KEVIN GLASHEEN, DAVID WILKERSON, AND RANDY ALLEN.

ALL THREE ARE BEING RECOMMENDED FOR REAPPOINTMENT, AND I'D BE PLEASED TO ANSWER ANY QUESTIONS.

>> ARE THERE ANY QUESTIONS FROM MISS ROSE? I SEE NONE. THANK YOU.

DO I HAVE A MOTION TO APPROVE THE APPOINTMENT OF THE NORTH PARK TAX INCREMENT FINANCING REINVESTMENT ZONE BOARD OF DIRECTORS OF THESE NAMED PERSONS.

>> SO MOVE.

>> I HAVE A SECOND.

>> SECOND.

>> ANY DISCUSSION? ALL RIGHT.

I SEE NONE. ALL IN FAVOR. LET ME KNOW WITH SAY AYE.

>> AYE.

>> ANY OPPOSED NO? NAY. I HEAR NONE.

IT PASSES UNANIMOUSLY. WE'LL TAKE UP ITEM 6.3.

[3. Public Hearing - Finance: Conduct a public hearing in accordance with Section 394.9025 of the Texas Local Government Code, regarding a proposal by the Lubbock Housing Finance Corporation to issue one or more series of tax-exempt multifamily housing revenue bonds in an amount of not more than $22,000,000, for the benefit of 1102 58th Street Lubbock Apartments, LP, in connection with the acquisition, rehabilitation, and equipping of approximately 152 multifamily rental housing units located at 1102 58th Street, Lubbock, Texas 79412, known as The Ella Apartments.]

MR. GLASHEEN, CAN REJOIN US.

THIS IS TO CONDUCT A PUBLIC HEARING REGARDING THE PROPOSAL BY THE LUBBOCK HOUSING FINANCE CORPORATION TO ISSUE ONE OR MORE SERIES OF TAX EXEMPT MULTIFAMILY HOUSING REVENUE BONDS AND THE AMOUNT NOT TO EXCEED $22 MILLION FOR THE BENEFIT OF 1102 58TH STREET, LUBBOCK APARTMENTS LP IN CONNECTION WITH THE ACQUISITION REHABILITATION AND EQUIPPING OF APPROXIMATELY 152 MULTIFAMILY RENTAL HOUSING UNITS LOCATED AT 1102-58 STREET AND LUBBOCK KNOWN AS THE ELLA APARTMENTS.

I'M GOING TO NOW CALL ON MR. JIMENEZ TO COME FORWARD AND GIVE US A BRIEF SUMMARY ON THIS ITEM.

>> THANK YOU, MAYOR. AS YOU MENTIONED, THIS IS JUST A PUBLIC AREA FOR THE LUBBOCK HOUSE FINANCE CORPORATION TO ISSUE TAX EXEMPT BONDS IN THE AMOUNT OF NOT TO EXCEED 22 MILLION FOR THE ELLA APARTMENTS LOCATED AT 1102 58TH STREET.

I JUST WANT TO MAKE SURE THAT YOU UNDERSTAND THAT THESE BONDS WILL STAND ALONE.

THE CITY HAS NO OBLIGATION ON THIS DEBT, NOR IS IT IN OUR DEBT PORTFOLIO.

THIS IS JUST AUTHORIZATION FOR LUBBOCK HOUSING FINANCE CORPORATION TO ISSUE THESE TAX EXEMPT BONDS.

>> THAT'S ALWAYS NICE TO HEAR THAT WHEN YOU HEAR A NUMBER 22 MILLION AND ALL WE HAVE TO DO IS WE HAVE TO APPROVE IT, THOUGH.

>> CORRECT, SIR.

>> THE GRANT RELIES ON OUR APPROVAL FOR IT TO GO THROUGH, BUT THE MONEY COMES FROM THE FEDERAL GOVERNMENT.

>> THAT IS CORRECT, SIR.

[00:35:01]

>> I BELIEVE THIS GROUP OF HOUSING HAS BEEN UP AS BEFORE, BUT THAT PROPOSAL DID NOT GO FORWARD.

THIS IS A TOTALLY DIFFERENT ONE THAN WE'VE HEARD BEFORE, IS THAT CORRECT?

>> CORRECT. WE DID HAVE ONE IN THE JULY TIME FRAME, AND THAT ONE DID GET APPROVED, BUT THAT WAS A WHOLE SEPARATE HOUSING AREA.

>> OKAY. FOR SOME REASON, I SEEM TO THINK IT WAS THE ELLA APARTMENTS AS WELL.

>> NO.

>> WAS NOT. OKAY. WELL, I THINK WE'D ALL LOVE TO SEE SOMETHING HAPPEN THERE.

ARE THERE ANY QUESTIONS FROM MR. JIMENEZ?

>> HOW MANY REPRESENTATIVES PROBABLY?

>> I BELIEVE YES. WE HAVE SHARI FLYNN REPRESENTING THE LUBBOCK HOUSING FINANCE CORPORATION. ALL RIGHT.

>> SORRY, I SHOULD HAVE MENTIONED THAT SHE WAS HERE IN CASE OR ANY QUESTIONS.

>> DO YOU HAVE SOME QUESTIONS?

>> NO, NO QUESTIONS.

>> WE JUST WANT TO MAKE SURE SOMEONE IS HERE.

>> NO.

>> THANK YOU. ANY OTHER QUESTIONS FOR MR. JIMENEZ? I'LL NOW OPEN THE PUBLIC HEARING FOR AGENDA ITEM 6.3.

IS THERE ANYONE HERE WISHING TO SPEAK IN FAVOR OF THIS AGENDA ITEM.

ANYONE HERE WISHING TO SPEAK IN OPPOSITION TO IT.

I SEE NONE, SO I WILL CLOSE THE PUBLIC HEARING AT 2:45.

[4. Resolution - Finance: Consider a resolution approving the request by the Lubbock Housing Finance Corporation to issue one or more series of tax-exempt multifamily housing revenue bonds, in an amount of not more than $22,000,000, for the benefit of 1102 58th Street Lubbock Apartments, LP, in connection with the acquisition, rehabilitation, and equipping of approximately 152 multifamily rental housing units located at 1102 58th Street, Lubbock, Texas 79412 known as The Ella Apartments.]

WE'LL NOW TAKE UP THIS AGENDA ITEM 6.4 TO CONSIDER A RESOLUTION APPROVING THE ISSUANCE OF BONDS THAT WERE THE SUBJECT OF THIS PUBLIC HEARING.

I DON'T THINK WE NEED ANOTHER STAFF BRIEFING ON THIS.

WE'LL FOREGO THAT UNLESS ANYONE HAS ANY FURTHER QUESTIONS.

I SEE NONE. IS THERE A MOTION TO APPROVE ITEM 6.4?

>> SO MOVE.

>> IS THERE A SECOND?

>> SECOND.

>> WE HAVE A MOTION AND A SECOND.

ANY DISCUSSION. I SEE NONE.

ALL IN FAVOR, LET IT BE KNOWN BY SAYING AYE. AYE.

>> AYE.

>> ANY OPPOSING SAY, NAY.

I HEAR NONE. THE MOTION TO APPROVE PASSES UNANIMOUSLY.

WE'LL NOW TAKE UP ITEM 6.5 AND CONDUCT A PUBLIC HEARING FOR ZONE CASE 788-B.

[5. Public Hearing - Planning (District 2): Consider a request for Zone Case 788-B, a request of R2M Engineering, LLC, for Lubbock Turf, LLC, for a zone change from Low Density Single-Family District (SF-2) to Residential Estate District (RE), at 421 and 501 North Ivory Avenue and 702 and 802 East Erskine Street, located west of North Ivory Avenue and south of East Itasca Street, on 168.072 acres of unplatted land out of Block A, Sections 1 and 77, and consider an ordinance.]

THIS IS A REQUEST BY R2M ENGINEERING LLC FOR LUBBOCK TURF LLC FOR A ZONE CHANGE FROM LOW DENSITY SINGLE FAMILY DISTRICT, SF2 TO RESIDENTIAL ESTATES DISTRICT AT 421 AND 501 NORTH IVORY AVENUE AND 702 AND 802 EAST ERSKINE STREET.

REMINDER THE PURPOSE OF PUBLIC HEARING IS TO HEAR FROM THE APPLICANT AND MEMBERS OF THE PUBLIC.

THE COUNCIL MAY ASK QUESTIONS.

THE APPLICANT OR STAFF DURING THIS PUBLIC HEARING, BUT NO DISCUSSION ON THE MERITS WILL BE HELD IN DURING THE PUBLIC HEARING.

MISS SAGER, I BELIEVE YOU HAVE A BRIEFING FOR US ON THIS ZONING CASE.

>> GOOD AFTERNOON, MAYOR AND COUNCIL.

ZONE CASE 788-B IS LOCATED IN DISTRICT 2.

THE APPLICANT IS R2M ENGINEERING FOR LUBBOCK TURF LLC.

REQUESTS FOR ZONE CHANGE FROM LOW DENSITY SINGLE FAMILY RESIDENTIAL SF2 TO RESIDENTIAL ESTATES, RE.

WE SENT OUT 166 NOTIFICATIONS, RECEIVING ONE IN FAVOR AND ONE IN OPPOSITION FROM OUTSIDE THE 400 FOOT NOTIFICATION BOUNDARY.

THIS PROPERTY IS LOCATED SOUTH OF ERSKINE STREET WEST OF MARTIN LUTHER KING JUNIOR BOULEVARD.

HERE'S THE RESPONSE MAP.

THE ONE IN FAVOR WITHIN THE NOTIFICATION BOUNDARY IS NEAR THE SOUTHERN PORTION OF THE PROPERTY.

IT'S A LITTLE DIFFICULT TO SEE THERE.

HERE'S AN AERIAL VIEW OF THE SUBJECT PROPERTY.

THE PROPERTY IS CURRENTLY BEING USED AS A TURF FARM.

THERE ARE TWO SCHOOLS TO THE EAST OF THE PROPERTY, ESTACADO HIGH SCHOOL AND TALKINGTON, AND THERE'S OTHER RESIDENTIAL PROPERTY WITH A GOLF COURSE TO THE WEST.

CURRENT ZONING IS LOW DENSITY SINGLE FAMILY SF2.

THERE IS ADDITIONAL SF2 ZONING ALONG WITH HIGH DENSITY RESIDENTIAL ZONING BORDERING THE PROPERTY.

FUTURE LAND USE PLAN DESIGNATES THE PROPERTY FOR RESIDENTIAL LOW DENSITY LAND USES.

HERE ARE SOME PHOTOS OF THE SUBJECT PROPERTY AND SURROUNDING AREA.

THE FUTURE LAND USE DESIGNATION FOR LOW DENSITY RESIDENTIAL IS CONSISTENT WITH THE REQUEST FOR THE RESIDENTIAL ESTATE ZONING.

IT IS COMPATIBLE WITH THE ZONING ORDINANCE AND SUITABLE FOR THE USES ALLOWED WITHIN THIS DISTRICT.

THE PROPERTIES LOCATED ON NORTH IVORY AVENUE AND EAST ERSKINE, BOTH OF WHICH ARE LOCAL STREETS.

STAFF HAS NO OBJECTION TO THE REQUEST, AND THE PLANNING AND ZONING COMMISSION RECOMMENDED APPROVAL WITH THE UNANIMOUS VOTE, AND I'D BE PLEASED TO ANSWER ANY QUESTIONS.

>> MR. HARRIS.

>> YES. WHAT ARE THE INTENTIONS FOR THIS PROPERTY?

>> YEAH. THEY INTEND TO CONTINUE USING IT AS A TURF FARM.

THE WHOLE REASON THIS CAME ABOUT IS BECAUSE THEY CAME INTO OUR OFFICE TO GET A PERMIT TO BUILD A BARN, AND A BARN WOULD BE AN ACCESSORY USE IN THE SF2 ZONING, AND WITHOUT A PRIMARY DWELLING, THEY WOULD NOT BE ABLE TO BUILD IT.

THE ZONING WILL NOT ONLY BRING THEIR CURRENT USE INTO COMPLIANCE,

[00:40:02]

THEY'LL BE ABLE TO BUILD THE NECESSARY BARN STRUCTURE THAT THEY NEED FOR THEIR EQUIPMENT.

>> ALL RIGHT. THANK YOU.

>> BUT IT ALSO ALLOW THE PROPERTY TO BE DIVIDED INTO ESTATE PROPERTIES FOR RESIDENTIAL USE AT SOME FUTURE POINT AS WELL IF THERE IS [OVERLAPPING].

>> YES, IT'S STILL ALLOWS RESIDENTIAL USE?

>> YES. OKAY. ANY OTHER QUESTIONS? I SEE NO. THANK YOU VERY MUCH.

>> THANKS.

>> I'LL NOW OPEN A PUBLIC HEARING ON ITEM 6.5.

IS THERE ANYONE HERE WISHING TO SPEAK IN FAVOR OF THIS ZONING CASE? IS THERE ANYONE HERE WISHING TO SPEAK IN OPPOSITION TO THIS ZONING CASE? ALL I SEE NONE, SO I'LL CLOSE THIS PUBLIC HEARING AT 2:50.

IS THERE A MOTION TO APPROVE AGENDA ITEM 6.5?

>> SO MOVE.

>> IS THERE A SECOND?

>> SECOND.

>> MOTION AND A SECOND. ANY DISCUSSION? I SEE NONE. ALL IN FAVOR.

LET ME NO, SAY AYE. AYE.

>> AYE.

>> ANY OPPOSED, SAY, NAY? MOTION PASSES UNANIMOUSLY.

NOW WE'LL TAKE UP ITEM 6.6,

[6. Ordinance - City Council: Consider an ordinance authorizing the Mayor to amend Ordinance No. 2025-O0112, to eliminate the increase in fees charged for the use of the Berl Huffman Turf Fields and adopting as the appropriate fee, the same fees charged in FY2024-25.]

AN ORDINANCE AMENDING ORDINANCE NUMBER 2025.00112 TO ELIMINATE THE INCREASE IN FEES CHARGED FOR THE USE OF THE BERL HUFFMAN TURF FIELDS AND ADOPTING AS THE APPROPRIATE FEE, THE SAME FEES CHARGED IN FISCAL YEAR 2024 TO 2025.

I'LL PROVIDE THE BRIEFING ON THIS MATTER AND I THINK THERE WAS SOME BACKUP IN YOUR MATERIAL AS WELL.

I THINK WE ALL RECALL AND THE CITIZENS PROBABLY WILL RECALL THAT WE DID A STUDY AND MR. ROSE AND MR. COLLINS DID A REALLY GOOD JOB OF LOOKING AT OUR FACILITY USE AND WHAT WAS CHARGED AROUND OUR STATE FOR SIMILAR FACILITIES AND TRYING TO BRING OUR FEE STRUCTURE IN LINE WITH THAT AND TO PROVIDE WITHIN THAT FEE STRUCTURE THE OPPORTUNITY TO BEGIN TO BUILD UP A FUND THAT WE COULD USE IN TOM MARTIN AND BERL HUFFMAN AREAS TO PROVIDE NEW TURF AND NEW FACILITIES AND MAINTENANCE TO MAINTAIN THOSE PROPERTIES IN BETTER CONDITION.

I THINK THE CITY COUNCIL VOTED UNANIMOUSLY FOR THAT.

I THOUGHT IT WAS A GREAT IDEA.

ALONG WITH THAT, THERE WAS A NEW FEE STRUCTURE IMPOSED AT THAT TIME THAT WENT IN AS PART OF OUR BUDGET, AS SOME OF THE PEOPLE MENTIONED TODAY, BUT ALSO OTHER PEOPLE WHO HAVE CONTACTED, I THINK SEVERAL MEMBERS OF THE COUNCIL AND ME AS WELL.

THEY HAD ALREADY SET THEIR FEE STRUCTURE FOR THE YEAR FOR THEIR GROUP BASED ON THE FEE STRUCTURE WE HAD IN PLACE.

WHEN YOU HAVE, IT'S JUST ONE PERSON, MAYBE YOU CAN WORK THAT INTO YOUR BUDGET, BUT WHEN YOU'RE IN AN ORGANIZATION AND YOU'VE SET YOUR FEE STRUCTURE FOR HUNDREDS OF PARTICIPANTS, THAT CAN ADD UP PRETTY QUICKLY WHEN YOU HAVEN'T CALCULATED IN A, I THINK, IN THIS CASE, IT WAS FOR THE SOCCER FIELDS, WHICH WERE TALKING ABOUT TODAY A 75% INCREASE IN THAT FEE YEAR OVER YEAR, WHICH IS A PRETTY STEEP INCREASE IN A FEE STRUCTURE WITHOUT GIVING THE CITIZENS TIME TO ADJUST TO THAT, PARTICULARLY GROUPS THAT USE THESE FIELDS.

I DON'T THINK THAT TAKES AWAY ANYTHING FROM THE FACT THAT WE'VE RECOGNIZED WE NEED TO INCREASE THAT STRUCTURE.

WE NEED TO IMPROVE THAT STRUCTURE BECAUSE THE LONG TERM MAINTENANCE OF THESE FIELDS IS VERY IMPORTANT TO US HERE IN THE CITY.

BUT HAVING HEARD THOSE CONCERNS, AS WELL AS SOME OF THE CONCERNS TODAY, IT SEEMED TO ME THAT THIS IS ANOTHER ONE OF THOSE INSTANCES WHERE MAYBE WE HAVE ADOPTED A GOOD IDEA WITHOUT NECESSARILY CONSIDERING HOW IT MIGHT IMPACT SOME PEOPLE IN A PARTICULAR WAY, AND ONCE WE HEAR FROM THOSE PEOPLE, HOW IT'S IMPACTED THEM, IT'S CERTAINLY APPROPRIATE FOR US TO RECONSIDER THAT.

I THOUGHT IT WAS APPROPRIATE AT THIS TIME TO RECONSIDER IT.