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IT'S NOW 5:26 P.M., THIS IS TUESDAY, OCTOBER 12TH, AND THIS IS THE REGULARLY SCHEDULED

[00:00:07]

MEETING OF THE GARLAND INDEPENDENT SCHOOL DISTRICT FINANCE COMMITTEE.

THERE IS A QUORUM PRESENT WILL GO TO ITEM TWO MS. HOGAN. ANYBODY FOR PUBLIC FORUM? NO, SIR. OK, WE'LL GO TO ITEM THREE.

DR. LOPEZ. I'LL GO AHEAD AND PASS THE TIME BACK TO YOU.

THANK YOU, SIR. WE'LL GO TO ITEM FOUR.

[IV.A. Information Items]

AGAIN TRUSTEES WE ARE GOING TO PASS ON ITEMS A4, FIVE AND SIX AS WE'VE ALREADY DISCUSSED THEM EARLIER THIS EVENING.

WE'LL GO TO ITEM 4A1 RECEIVE BOARD OF TRUSTEES CONTRACT RENEWAL REPORT FOR OCTOBER 21.

MR. BOOKER. TO MR. GLICK, MEMBERS OF THE BOARD OF TRUSTEES, TO DR.

LOPEZ, WE DO HAVE BEFORE YOU FOR YOUR CONSIDERATION A LIST OF CONTRACTS FOR OCTOBER FOR RENEWAL. NONE OF THEM WOULD ACTUALLY REQUIRE ACTION FROM THE BOARD OF TRUSTEES AS THEY ARE ALL WITHIN THE PARAMETERS OF REGULATION.

I CAN ENTERTAIN ANY QUESTIONS THAT YOU MIGHT HAVE ABOUT THE REPORT.

ANY QUESTIONS FOR MR. BOOKER? THANK YOU, SIR.

THERE BEING NONE WILL GO TO ITEM 4A2 REVIEW THE AUGUST 2021 MONTHLY FINANCIALS.

MS. DAVENPORT. THANK YOU.

GOOD AFTERNOON. MR. GLICK BOARD OF TRUSTEES DR.

LOPEZ, BEFORE YOU ARE THE AUGUST 2021 FINANCIAL STATEMENTS, THIS INCLUDES THE GENERAL FUND AND ESSER TWO AND THREE THAT'S CURRENTLY BEING UTILIZED AND I WOULD BE HAPPY TO ADDRESS ANY QUESTIONS YOU HAVE.

ARE THERE ANY QUESTIONS OF MS. DAVENPORT? THERE BEING NONE, THANK YOU, MA'AM.

LET'S GO TO ITEM THREE REVIEW AUGUST 2021 TAX REPORT MS. COOPER PAGES SEVENTEEN THROUGH 19.

GOOD AFTERNOON, MR. GLICK BOARD A TRUSTEES, DR.

LOPEZ. THE ITEM BEFORE YOU IS THE AUGUST 2021 TAX REPORT, REFLECTING NINETY EIGHT POINT NINE FOUR PERCENT COLLECTED FOR THE 2020 TAX ROLL.

THERE WERE NO REFUNDS THAT EXCEEDED FIVE HUNDRED DOLLARS LAST MONTH.

2020 TAX ROLL ENDED AT NINETY NINE POINT SIX PERCENT COLLECTED AS OF THE END OF SEPTEMBER, AND OUR 2021 TAX STATEMENTS WENT OUT FRIDAY, OCTOBER 1ST.

WE BEGAN RECEIVING PAYMENTS LAST WEEK.

THE TAX OFFICE WAS OPEN ALL LAST WEEK SO WE COULD ACCOMMODATE TAXPAYERS THAT WERE RECEIVING THEIR BILLS WITH QUESTIONS AND STUFF THAT THEY MAY HAVE.

AND THERE WERE A LOT.

WE GOT A LOT OF CALLS LAST WEEK AND WE'VE ALREADY COLLECTED ONE PERCENT OF 2021.

DO YOU HAVE ANY QUESTIONS? ANYBODY HAVE ANY QUESTIONS? WE THANK YOU VERY MUCH. ALL RIGHT.

THANK YOU. OK.

AGAIN, WE SKIPPED FOUR OR FIVE AND SIX.

LET'S GO TO ITEM NUMBER SEVEN.

RECEIVED DEMOGRAPHICS UPDATE FOR FALL.

2021 DR.

RINGO. MR. GLICK BOARD OF TRUSTEES, DR.

LOPEZ. GOOD EVENING.

THIS EVENING, WE DO HAVE OUR UPDATE FROM OUR DEMOGRAPHER BRENT ALEXANDER, WITH SCHOOL DISTRICT STRATEGIES, AND I WILL TURN IT OVER TO HIM.

THANK YOU, DR. RINGO. MR. GLICK BOARD MEMBERS.

DR. LOPEZ, GOOD EVENING.

THANK YOU FOR HAVING ME HERE.

I HAVE OUR FALL 2021.

DEMOGRAPHICS UPDATE TO SHARE WITH YOU TONIGHT AS WE BEGIN EACH OF OUR REPORTS WITH THE THE OVERALL BIG PICTURE DEMOGRAPHIC DATA THAT WE GET FROM FROM [INAUDIBLE].

THIS IS INTERESTING ONE HERE BECAUSE WE'RE WE HAVEN'T RECEIVED THE 2020 CENSUS DATA YET.

SO WHAT YOU SEE IN YOUR REPORT IS ACTUALLY [INAUDIBLE] 2021 NUMBERS.

SO NOTE THAT SOME OF THESE ARE GOING TO GET REVISED, BUT GENERALLY WHAT YOU'RE SEEING ARE NUMBERS SIMILAR TO A YEAR AGO.

A LITTLE MORE THAN THREE HUNDRED AND EIGHT THOUSAND PEOPLE LIVING IN THE DISTRICT WITH OVER 100000 TOTAL HOUSEHOLDS.

SO AGAIN, THE KEY TAKEAWAY HERE IS TO NOTE THAT THE OFFICIAL CENSUS DATA IS EXPECTED TO BE RELEASED IN DECEMBER WITH THE FOLLOW UP IN MARCH.

SO WE'LL HAVE THAT MUCH ANTICIPATED DETAIL DOWN TO THE BLOCK LEVEL DATA THAT WE'RE REALLY LOOKING FORWARD TO SEEING, AND WE'LL HOPEFULLY SHARE THAT WITH YOU.

SOME OF THAT WITH YOU IN THE WINTER REPORT THAT WE HAVE, BUT WE CAN COME BACK TO THIS LATER IF YOU HAVE ANY SPECIFIC QUESTIONS, BUT MOVE ON TO THE ENROLLMENT HISTORY.

SO AS OF SEPTEMBER 20TH, THE DISTRICT'S TOTAL ENROLLMENT WAS FIFTY THREE THOUSAND SIX FORTY EIGHT. SO THIS NUMBER IS TRACKING, AS WE EXPECTED, BOTH IN THE IN THE FALL AND THE WINTER REPORTS BACK IN THE BACK.

IN OUR WINTER REPORT, WE WERE EXPECTING THE DISTRICT TO SEE A RANGE SOMEWHERE BETWEEN

[00:05:02]

FIFTY THREE FOUR POINT TWENTY THREE UPWARDS OF FIFTY THREE EIGHT SIXTY FIVE.

SO COMING IN RIGHT AT FIFTY THREE SIX FORTY EIGHT MATCHES, REALLY CLOSE TO OUR MODERATE SCENARIO. NOTE THAT THIS IS TOTAL ENROLLMENT.

IT'S NOT AVERAGE DAILY ATTENDANCE.

DR. RINGO SHARED WITH ME THAT YOU ARE STILL SEEING 89 90 PERCENT OR SO, BUT NOTE THAT MANY DISTRICTS ARE EXPERIENCING MIXED RESULTS WITH THE COVID ENVIRONMENT LINGERING.

SO WHAT YOU HAVE HERE ARE THE ANNUAL GROWTH TRENDS.

YOU HAVE YOUR PERCENTAGE GROWTH ON THE TOP, YOUR NUMERIC CHANGE THERE ON THE BOTTOM LEFT CHART. SO OFFICIALLY YEAR OVER YEAR FROM SEPTEMBER TO SEPTEMBER, WE'RE ABOUT 0.5 PERCENT DOWN FROM WHERE WE WERE A YEAR AGO.

THAT'S TWO HUNDRED AND SEVENTY THREE NET DECLINE.

BUT LOOK AT WHERE WE WERE FROM 19 TO 20 WITH ALMOST 1800 STUDENT DECLINE.

SO YOU ALL HAVE.

IT DOES APPEAR THAT MOST OF THE KIDS HAVE COME BACK.

YOU KNOW, WHEN I SAID MIXED RESULTS, I'VE SEEN, YOU KNOW, FAST GROWTH DISTRICTS LIKE PROSPER HAVE GOT, YOU KNOW, THEY DIDN'T LOSE ANY KIDS REALLY LAST YEAR AND THEY WERE GROWING ON TOP OF THAT.

DISTRICTS LIKE MIDLOTHIAN DOWN ON THE SOUTH SIDE I WORK WITH, THEY LOST 2300 KIDS DURING COVID, BUT THEY ALL COME BACK AND AND THEY'VE GROWN ON TOP OF THAT.

BUT THEN THERE ARE OTHERS THAT ARE SEEING NOT ALL OF THE KIDS THAT COME BACK, MAYBE HALF OR JUST A LITTLE BIT BELOW HALF SO MANY OF THE DISTRICTS THAT IN THE MID URBAN AREAS ARE EXPERIENCING THAT.

SO I HEAR ANECDOTALLY FROM DIFFERENT SUPERINTENDENTS AND ADMINISTRATORS THAT, YOU KNOW, WHEN THEY GO TO MEETINGS, PEOPLE ARE TALKING GENERALLY ABOUT NOT ALL THE KIDS HAVE COME BACK. SO YOU ALL DID MAKE PRETTY GOOD PROGRESS, THOUGH, FROM WHERE WE WERE THIS TIME OF YEAR AGO. NOW THE THE TREND CONTINUES MAINLY FOR THE DECLINE HERE IN GARLAND ISD HAS BEEN FEWER ELEMENTARY STUDENTS IN.

A LOT OF THAT HAS OCCURRED OVER THESE LAST FIVE YEARS, ABOUT 77 PERCENT OF THE NET LOSS.

YOU KNOW, REALLY SINCE 2011 HAS BEEN OVER THESE LAST FIVE YEARS, AND WE'VE TALKED ABOUT THAT IN THE LAST COUPLE OF YEARS WITH, YOU KNOW, THE CHANGES THAT HAVE OCCURRED LOCALLY, YOU KNOW, THE EXPANSION OF CHARTER SCHOOLS, THE AGING OUT OF MANY AREAS OF THE DISTRICT AND THEN COVID ENVIRONMENT ON TOP OF THAT.

SO THIS SLIDE HERE JUST GIVES YOU THAT TREND.

YOU CAN SEE HOW THE HIGH SCHOOL NUMBERS HAVE GENERALLY BEEN FLAT FOR MOST OF THE THE LAST DECADE. MIDDLE SCHOOL HAS BEEN FLAT AS WELL UNTIL THIS PAST YEAR.

BUT REALLY, THEY'RE SEEING THAT THOSE ELEMENTARY NUMBERS IS WHERE THE MAJORITY HAS.

THE DECLINE HAS COME FROM.

NOW THIS GRADE LEVEL SLIDE HERE SHOWS YOU WHERE THOSE RECORD CLASS SIZES WERE SO BACK AT THE PEAK OF THE DISTRICT'S ENROLLMENT BACK IN 2011-12.

AND YOU CAN SEE HOW BEHIND THAT WAVE OF STUDENTS, THE THE NUMBER, THE NUMBERS HAVE FALLEN BACK. BUT LOOK AT THE NUMBERS THERE IN PRE-K AND KINDERGARTEN.

NOTE THAT SOME POSITIVE FIGURES.

THE GOOD NEWS IS KINDERGARTEN HAS COME BACK HIGHER THAN IT WAS CLOSE TO 3500, THE BIRTH RATE DATA HAS TRENDED DOWN FOR MOST OF THE LAST DECADE, AND WE WERE ACTUALLY THINKING THAT THAT DATA SHOWED IN THE LOW THREE THOUSAND FOUR HUNDRED.

SO YOU HAVE ACTUALLY EXCEEDED THAT.

SO THAT'S THAT'S A PRETTY GOOD NUMBER, EVEN THOUGH IT IS BELOW WHERE THE DISTRICT WAS PRE-COVID. BUT LOOK AT THE PRE-K NUMBER JUMPING BACK UP OVER 2300.

THAT'S THAT'S THE BIGGEST NUMBER THAT WE'VE SEEN IN THE PRE-K GRADE LEVEL SINCE 2013.

SO THAT'S A NICE COMEBACK THERE.

ALSO NOTE THAT NINTH AND 11TH GRADE ARE AT RECORD LEVELS, SO IT KIND OF GOT TO ENDS WITH THAT GROWTH FROM 2012 ISH AGING UP.

YOU HAVE RECORD GRADE LEVELS NOW HERE AT THE HIGH SCHOOL LEVEL.

ONE OF THE KEY THINGS, THOUGH, TO FOCUS ON FOR THE ENROLLMENT PROJECTIONS GOING FORWARD CONTINUES TO BE THE NUMBER OF OUTGOING STUDENTS VERSUS STUDENTS THAT ARE MOVING IN.

THE DISTRICT HAD MORE INCOMING KINDERGARTEN FIRST GRADE STUDENTS THAN GRADUATING SENIORS THE PREVIOUS YEAR, ALL THE WAY UP THROUGH 2015.

BUT OVER THE PAST FIVE YEARS, THAT NUMBER HAS CHANGED AND WE'VE SEEN THAT THAT HIGH SCHOOL NUMBER REMAIN IN THE 4000 TO FOUR THOUSAND TO FORTY ONE HUNDRED STUDENTS THAT EACH YEAR THAT ARE THAT ARE LEAVING AT COMPARED TO ABOUT TWENTY, EXCUSE ME, THRITY FIVE HUNDRED THAT ARE MOVING IN.

THAT TREND IS EXPECTED TO CONTINUE.

AS YOU CAN SEE MY LAST BULLET POINT THERE, THE AVERAGE SIZE OF THE EIGHTH THROUGH 12TH GRADE IS 700 STUDENTS LARGER THAN WHAT WE'RE SEEING AT THE AVERAGE SIZE FROM K THROUGH

[00:10:05]

FIVE. SO AT THE END OF THE REPORT, NOTE THAT THAT'S THE PRIMARY REASON FOR THE DECLINE.

BUT WE'LL TALK MORE ABOUT THAT IN A MINUTE.

THERE'S SOME ADDITIONAL SLIDES IN HERE FOR YOUR REFERENCE COMPARING PRE-COVID TO WHERE WE ARE THIS YEAR.

I'LL GO AHEAD AND MOVE OVER TO THE GEOCODING.

WE MAPPED, OR JUST UNDER FIFTY FOUR THOUSAND STUDENTS, YOU CAN SEE THE GENERAL DISPERSION OF THE STUDENTS THAT REPRESENTED BY THE YELLOW DOTS.

REALLY, THE THE ONLY CHANGE THIS YEAR.

JUST A FEW MORE.

IT'S FOUR HUNDRED AND TWENTY FIVE FEWER STUDENTS LIVING WITHIN THE DISTRICT BOUNDARY COMPARED TO WHAT WE SAW A YEAR AGO, A LITTLE BIT HIGHER.

ALSO ON THE TRANSFER IN NUMBER AS WELL, THERE ARE SOME THEME MAPS THAT GIVE YOU A GENERAL IDEA OF HOW THE STUDENT ENROLLMENT IS DISPERSED GEOGRAPHICALLY.

I'LL MOVE AHEAD HERE TO THESE ONE AND TWO YEAR CHARTS OR MAPS.

REALLY, WHAT WE CONTINUE TO SEE AS YOU LOOK AT THIS COMPARISON OF TWENTY TWENTY TO 2021 THE WEST SIDE OF THE DISTRICT, SPECIFICALLY IN THE NORTH GARLAND HIGH SCHOOL, GARLAND HIGH SCHOOL AND SOUTH GARLAND HIGH SCHOOL FEEDER AREAS IN PARTICULAR AREAS SURROUNDING BULLOCK AND BRADFIELD ELEMENTARY.

THOSE ARE WHERE WE'VE SEEN THE LARGEST DECLINES OVERALL IN STUDENT ENROLLMENT OVER IN THE UPPER RIGHT CORNER.

YOU SEE THAT AREA, THAT'S LOSS.

THAT'S THE WATERVIEW AREA AND SPRING TREE AREA THAT THAT AREA'S AGED UP INTO WHERE IT'S SEEING SOME ENROLLMENT DECLINES.

NOW THIS IS THE TWO YEAR COMPARISON PRE-COVID, AND TODAY YOU CAN SEE REPRESENTED BY THE AREAS SHADED IN RED, THE AREAS THAT HAVE DECLINED.

AS WE'VE TALKED PREVIOUSLY, THE CHARTER SCHOOLS ARE LOCATED ON THE WESTERN SIDE OF THE DISTRICT AS WELL.

BUT THE GOOD NEWS IS IS LOOK AT LOOK AT THE GREEN AREAS OF GROWTH THAT'S COMING FROM YOUR NEW CONSTRUCTION.

CONSTRUCTION IS BRINGING IN NEW STUDENTS, AND THE DEMAND FOR NEW HOMES IN THE DISTRICT IS NOW AT A 15 YEAR HIGH.

I'M GOING TO GO OVER SOME OF THOSE HOUSING NUMBERS, BUT JUST GENERALLY, I'LL SHOW YOU THE OVERALL MARKET CONDITIONS.

THE RATE OF NEW CONSTRUCTION IN DALLAS-FORT WORTH CLIMBED TO RECORD LEVELS OVER THE LAST SIX MONTHS. THIS DATA IS SHOWN HERE IS THROUGH THE END OF JUNE, FIFTY SEVEN THOUSAND HOMES WERE STARTED.

WE'RE JUST GETTING IN OUR INITIAL NUMBER.

FOR THE THIRD QUARTER, IT DID GO OVER FIFTY EIGHT THOUSAND.

SO TREMENDOUS DEMAND FOR NEW HOUSING IN DFW.

THE MAIN COMPONENT OF THAT DEMAND HAS BEEN THE LARGE DEMOGRAPHICS.

YOU KNOW, THE LARGEST EVER AMOUNT OF 30 YEAR OLDS IN DFW HISTORY.

SO THOSE MILLENNIAL BUYERS ARE BUYING, MANY OF THEM BUYING THEIR FIRST HOUSE.

THE BIG DRIVER FOR THEM HAS BEEN THE INTEREST RATE REMAINING UNDER THREE PERCENT, TWO POINT SIXTY FIVE BACK IN JANUARY, ON A 30 YEAR IN, IT'S CURRENTLY ABOUT TWO POINT NINETY NINE. SO. FANTASTIC TIME TO BUY.

SEEING MORE RELOCATION BUYERS COMING IN.

MANY BUILDERS HAVE REPORTED THIS SUMMER 40 TO 50 PERCENT OF THEIR SALES ARE FROM PEOPLE THAT ARE FROM OUT OF STATE.

SO A LOT OF CALIFORNIA LICENSE PLATES AROUND AND A LOT OF SUBDIVISIONS OUT THERE TODAY.

SO THINGS ARE GETTING MORE EXPENSIVE.

THINGS ARE TAKING LONGER, BUT GENERALLY THE DEMAND HAS REMAINED REALLY STRONG.

HERE'S YOUR INTEREST RATE SLIDE.

THE RESALE AMOUNT OF INVENTORY AT ONE MONTH CONTINUES TO BE NEAR A 30 YEAR LOW THAT CONTINUES TO PUSH PEOPLE TOWARDS NEW HOMES.

HERE'S A NOTE THE OFFICIAL NUMBER FOR DFW WAS RELEASED AT SEVEN POINT SIXTY FOUR MILLION.

THAT KEEPS THE METROPLEX THE FOURTH LARGEST, MOST POPULATED AREA IN THE UNITED STATES BEHIND NEW YORK, L.A.

AND CHICAGO. SO AGAIN, MORE TO COME ON THOSE CENSUS DATA HERE IN THE NEXT COUPLE OF QUARTERS. THIS SECTION HERE HAS THE JOB GROWTH NUMBERS.

ONE OF THE REMARKABLE THINGS ABOUT THE HOUSING MARKET PRODUCING SO MUCH GROWTH IS IT'S DONE SO WITH, YOU KNOW, THE HEAVY HIT THE THE ECONOMY AND AND THE JOB MARKET TOOK OVER THE LAST 18 MONTHS.

YOU CAN SEE HERE WE'VE KIND OF TAKEN A DIFFERENT APPROACH TO SHOWING YOU THE DATA HERE.

WE'RE LOOKING AT HOW FAR ARE WE FROM THE FEBRUARY 2020 PEAK PRE-COVID BEFORE THE HUGE LOSSES THAT WE SAW IN APRIL.

SO TEXAS, YOU KNOW, HERE THROUGH JUNE, WE WERE JUST UNDER TWO HUNDRED FIFTY TWO THOUSAND

[00:15:02]

JOBS FROM BEING BACK TO WHERE WE WERE WHEN THE PANDEMIC STARTED DFW AT FIFTY THREE.

THE AUGUST DATA RELEASED BY THE TEXAS WORKFORCE COMMISSION SHOWS WE'RE BACK UP TO TWENTY FOUR SO THAT THAT GAP IS CLOSING.

HERE'S THE CHART THAT JUST SHOWS YEAR OVER YEAR NUMBER.

IT'S SOMEWHAT MEANINGLESS BECAUSE OF THE HUGE WHIPSAW EFFECT YOU SEE THERE FROM LOSING OVER FOUR HUNDRED AND SIX THOUSAND AND GROWING BACK OVER TWO HUNDRED THOUSAND.

THE GROWTH HAS OCCURRED IN MOST OF THE SECTORS, BUT YOU KNOW, SOME OF THE HARDEST HIT THE LEISURE AND HOSPITALITY TRADE, TRANSPORTATION UTILITIES HAVE SEEN REALLY STRONG NUMBERS THESE LAST 12 MONTHS, AND THEN THAT TAKES THE UNEMPLOYMENT RATE FOR THE DFW AREA DOWN TO SIX PERCENT. NOW, I BELIEVE IT'S MR. SELDERS ASKED ME LAST TIME, COULD WE GET SOME DATA FOR, YOU KNOW, HERE LOCALLY? SO THE GOOD NEWS IS THAT THE TEXAS WORKFORCE COMMISSION REPORTED SOME OF THE CITY DATA, BOTH SO GARLAND, ROWLETT AND SACHSE ALL LOST.

THEY HAD THEIR PEAK ENROLLMENT IN FEBRUARY OF 2020 AS WELL.

BY APRIL, GARLAND HAD LOST JUST UNDER 16000 JOBS.

ROWLETT WAS JUST OVER 4700 LOST AND SACHSE WAS AT NEGATIVE NINETEEN HUNDRED.

AND SO THE UNEMPLOYMENT RATES FOR EACH CITY SOARED TO 11 TO 13 PERCENT BACK IN THE SPRING OF 2020. BUT I'M HAPPY TO REPORT TO YOU BY AUGUST 2021, ALL OF THE NUMBERS HAVE RETURNED TO FEBRUARY 2020 LEVELS OR HIGHER.

SO THE CURRENT UNEMPLOYMENT RATE FOR GARLAND IS 4.6, ROWLETT AT FOUR POINT ONE AND SACHSE AT THREE POINT THREE. SO AGAIN, ALL ENCOURAGING NUMBERS GOING FORWARD.

THIS CHART HERE SHOWS YOU THE EXISTING RESALE NUMBERS.

WE CONTINUE TO SEE CONSISTENT NUMBERS.

ANOTHER JUST UNDER THIRTY TWO HUNDRED HOMES TURNED OVER, BUT IT'S BEEN A VERY CONSISTENT PATTERN, GOING BACK AROUND 2014.

SO YOU CAN SEE ABOUT THIRTY TWO HUNDRED HOMES A YEAR TURNING OVER.

WHAT IS CHANGING IS THE VALUES CONTINUE TO INCREASE A HOME THAT'S SOLD IN THE DISTRICT OVER THE LAST 12 MONTHS.

THE MEDIAN WAS A RECORD TWO HUNDRED AND SIXTY THOUSAND.

AND YOU CAN SEE THAT DFW MEDIAN PRICES CLIMBED AT THREE HUNDRED AND FIFTY FIVE THOUSAND DOLLARS. LOOKING AT THE SALES GEOGRAPHICALLY, PRETTY MUCH WHAT WE'VE BEEN SEEING THESE LAST COUPLE OF YEARS.

ONE CHANGE HERE RECENTLY, A FEW MORE SALES THERE ON THE SOUTHERN SIDE OF THE DISTRICT DID SEE THOSE NUMBERS THERE INCREASE FROM ABOUT TWO HUNDRED AND FORTY SEVEN TO FOUR HUNDRED AND TEN OVER THE LAST 12 MONTHS.

BUT THIS IS PROBABLY WHAT YOU'RE WAITING FOR.

SEE THE NEW HOME NUMBERS.

THE BUILDERS STARTED TWO HUNDRED AND SEVENTY FOUR IN THE SECOND QUARTER.

THAT'S THE SECOND MOST STARTS IN A SINGLE QUARTER IN MORE THAN A DECADE IN THE DISTRICT.

THERE WERE ONE HUNDRED AND NINETY FOUR HOMES MOVED INTO.

THAT'S THE SECOND MOST THAT WE COUNTED IN A THREE MONTH PERIOD SINCE 2011.

SO THESE STRONG NUMBERS THE LAST TWO QUARTERS.

HAVE PUSHED THE ANNUAL RATE STARTS UP TO NINE HUNDRED AND EIGHTY TWO IN CLOSINGS, UP TO SEVEN HUNDRED AND FIFTY FOUR.

SO THESE ARE THE HIGHEST RATES THAT WE'VE SEEN IN THE DISTRICT IN 15 16 YEARS.

SO LOTS OF DEMAND FOR THE HOMES HERE IN THE DISTRICT AND THE DEVELOPERS PUT ANOTHER SEVEN HUNDRED AND FOURTEEN NEW SINGLE FAMILY LOTS ON THE GROUND OVER THE LAST 12 MONTHS.

THIS CHART HERE THIS CHART AND MAP HEAT MAP SHOWS YOU THE THE DALLAS FORT WORTH NEW HOME CONSTRUCTION MARKET BROKEN OUT BY PUBLIC SCHOOL DISTRICT, AND YOU CAN SEE GARLAND'S TOTAL. THE RANKED BY CLOSING IS THE 22ND LARGEST AMONG ALL THE DFW DISTRICTS, BUT YOU CAN SEE HOW POPULAR THE NORTH WEST FORT WORTH AND 380 CORRIDOR IS TODAY.

JUST SO YOU KNOW THE GROWTH OVER THE LAST YEAR, 77 PERCENT OF THE GROWTH THIS LAST YEAR HAS OCCURRED PRETTY MUCH OUTSIDE DALLAS AND TARRANT COUNTY AND SOUTHERN DENTON AND SOUTHERN COLLIN. AND IT'S MOVED, YOU KNOW, OUT INTO ELLIS COUNTY AND THE JOHNSON COUNTY, PARKER AND JUST MOVED OUT TO THOSE OUTER RING DISTRICTS.

SO YOU'RE GOING TO SEE SOME OF THOSE SMALL DISTRICTS, ESPECIALLY ONES UP IN SEVENTY FIVE CORRIDOR LIKE ANNA, AS WELL AS MELISSA CLIMBING UP THE LIST.

AND THEN HERE OUT EAST FORNEY AND CRANDALL ARE SEEING QUITE A BIT OF ACTIVITY AS WELL.

HERE LOCALLY, THOUGH, THE MAJORITY OF THE CONSTRUCTION CONTINUES TO BE IN THE CITY OF ROWLETT IN THE CITY OF GARLAND.

[00:20:04]

YOU CAN SEE IN ROWLETT, OVER 400 NEW HOMES STARTED.

GARLAND OVER THREE HUNDRED.

THE SACHSE STARTS, THOUGH, ARE ACTUALLY THE MOST THAT WE'VE SEEN IN THE CITY IN THE LAST SIX YEARS. AND HERE'S A LIST OF THE TOP PRODUCING NEIGHBORHOODS RIVERSET REMAINS THE MOST ACTIVE, BUT YOU CAN SEE NORTH HAVEN HAS CLIMBED OVER 100 HOMES A YEAR AND THEN DOWN AT I-530 PARKS AT ROSE HILL THEY'VE STARTED OVER 105 HOUSES IN THAT DISTRICT AND THEN ARE IN THAT SUBDIVISION, EXCUSE ME.

AND THEN HUDSON HILLS.

FORTY NINE HOMES STARTED THERE AS WELL, AND WE HAVE SOME PICTURES OF THESE SUBDIVISIONS COMING UP. THE HOME PRICE TODAY IS A RECORD THREE HUNDRED AND EIGHTY SEVEN THOUSAND FOR A NEW HOME. THE MAJORITY OF THE HOUSES BEING BUILT IN THE DISTRICT ARE IN THAT THREE HUNDRED TO 400000 PRICE RANGE.

NOTE THAT THE THE DFW MEDIAN NEW HOME PRICE AS OF THE SECOND QUARTER IS THREE SIXTY SEVEN. SO IT FALLS RIGHT IN THAT INTO THAT PRICE BAND AT THREE FIFTY TO FOUR HUNDRED, WHICH IS THE MOST POPULAR HERE IN THE DISTRICT.

THESE NEXT COUPLE OF SLIDES GIVE YOU A LIST OF OF THE SUBDIVISIONS THAT HAVE BEEN DELIVERED LOT, SO YOU CAN SEE THESE SEVEN HUNDRED AND FOURTEEN LOTS THAT WERE DELIVERED.

HOW MANY OF THEM HAVE THAT MANY OF THEM HAVE SMALLER LOTS THAT WE'VE TALKED ABOUT THAT ARE COMING, YOU KNOW, WITH 40 FOOT WIDE AND TOWNHOMES.

MOST OF THESE HAVE BEEN DELIVERED IN THE CITY OF ROWLETT RECENTLY.

SO AT THE END OF JUNE, THERE WERE TWELVE HUNDRED AND SEVENTY NINE TOTAL FINISHED LOTS AVAILABLE FOR HOUSES TO BE STARTED.

AND THEN COMING BEHIND THAT ARE ELEVEN HUNDRED AND THIRTY NINE LOTS UNDER CONSTRUCTION.

SOME OF THE SOME INTERESTING ONES THAT WE'VE BEEN WAITING FOR AT FIRESIDE BY THE LAKE DEER HORTON HAS FINALLY STARTED THAT WITH THE FIRST THREE HUNDRED AND FIFTEEN LOTS AND WE'VE BEEN WAITING FOR THAT SUBDIVISION TO GET GOING FOR THE LAST COUPLE OF YEARS.

SO BEHIND THAT, JUST UNDER 4000 FUTURE LOTS ARE PLANNED.

THESE ARE THE LOTS THAT ARE THAT ARE BASICALLY ON PAPER, BUT WE SHOULD SEE OVER THE NEXT 10 YEARS. I'LL GO THROUGH SOME PICTURES HERE AND YOU CAN SEE WILL BO HAS MORE THAN 200 LOTS COMING FOR ADDITIONAL PHASES OF RIVERSET.

IF YOU MOVE DOWN PULTE, THIS ONE IS SOUTH OF FIREWHEEL MALL.

SOUTH OF NAAMAN SCHOOL ROAD AND YOU CAN SEE PULTE'S HIDDEN OAKS SUBDIVISION HERE.

LENNAR THIS IS ON THE EAST SIDE OF BEN DAVIS, NORTH OF ARMSTRONG ELEMENTARY.

LANNAR IS IN AT RIVERPLACE.

AND THEN I MENTIONED HUDSON HILLS.

THIS RIGHT HERE NEXT TO SACHSE HIGH CHOOL.

THEY'RE OFF THE GEORGE BUSH TOLLWAY.

WE HAVE THE STATION MOVING FORWARD AND APARTMENTS ALSO UNDER DEVELOPMENT THERE.

THEN [INAUDIBLE] HAS STARTED MOVING DIRT ON ARIA THERE AT THE TOLLWAY AND MERRITT ROAD.

AND THEN AS YOU MOVE OVER OUT TO THE ROWLETT AREA, YOU CAN SEE MOVING FORWARD AT HOMESTEAD AT LIBERTY GROVE.

AND THEN AS YOU MOVE BACK TO THE SOUTH HERE, YOU CAN SEE NEXT TO PEARSON ELEMENTARY WOODSIDE ESTATES CONTINUING TO MOVE IN THE LOTS DOWN AT CANTERBURY COVE ARE NEARLY FINISHED AND READY.

AND THEN QUITE A BIT OF ACTIVITY DOWN AT BAYSIDE FOR BOTH THE NARROW PRODUCT AND TOWNHOMES. AND THEN THE SAPPHIRE BAY DEVELOPMENT CONTINUES TO MOVE FORWARD.

NOTE THAT THERE WILL BE RESIDENTIAL IN THE GARLAND SIDE, [INAUDIBLE] HAS IS GOING TO BE BUILDING SINGLE FAMILY TOWNHOMES, STARTING FROM ABOUT 500000 AND UP.

SO THE KIND OF BE OVER IN THE AREA THAT'S IN THE RIGHT HAND SIDE OF THE PICTURE, BUT A LOT OF THIS WILL BE MIXED USE IN.

BUT SOME OF THAT RESIDENTIAL THAT WE'VE TALKED ABOUT POTENTIALLY COMING WILL BE HERE IN THE DISTRICT. AND THEN AS YOU MOVE BACK TO THE NORTH, YOU CAN SEE MERRITT VILLAS.

YOU'RE BACK UP TO THE NORTH, BUT STILL WEST OF THE GEORGE BUSH TOLLWAY, AND YOU CAN SEE NEAR BACK ELEMENTARY NORTH HAVEN AND THEN NEAR THERE MAGNOLIA LANDING AND MERRITT VILLAGE AND THEN OVER OFF OF COUNTRY CLUB AND SIXTY SIX, YOU CAN SEE A COUNTRY CLUB ESTATES IS NEARING BEING BUILT OUT.

IF YOU THINK BACK TO THE REPORTED A COUPLE OF YEARS AGO, ALL OF THESE WERE EMPTY LOTS.

LOOK HOW QUICKLY THEY'VE GONE THROUGH THAT.

I MEAN, NOW WE'RE STARTING TO SEE INFILL PIECES ALONG CENTERVILLE ROAD.

SO HERE'S EDGEWOOD ESTATES, ANOTHER INFILL CREEK VALLEY CONTINUES.

[00:25:06]

AND THEN HERONS BAY AND YOU SEE NEXT TO GEORGE WASHINGTON CARVER ELEMENTARY AND THEN PARKS AT ROSE HILL, DOWN AT I-30 AND ROSE HILL.

THIS IS THE ONE THAT IS OVER 100 HOMES STARTED THE LAST 12 MONTHS.

ALSO NOTE SOUTH OF I-30, LYONS CREST HAS A PHASE UNDER DEVELOPMENT FOR PAUL TAYLOR HOMES.

AND THEN HERE'S THE THREE HUNDRED AND FIFTEEN LOTS THAT DEER HORTON HAS HERE IN THE DISTRICT. YOU KNOW, THIS IS ONE THAT THESE THESE WILL BE 60 FOOT WIDE LOTS.

SO WE SHOULD WE SHOULD SEE A GOOD FAMILY BUYER ON THESE LOTS HERE.

NOW COMING BEHIND OR IN ADDITION TO THAT ARE THE APARTMENTS WE'VE BEEN TRACKING ABOUT 6000 APARTMENTS OVER THE LAST 18 MONTHS OR SO.

THESE LAST 12 MONTHS, ABOUT ELEVEN HUNDRED AND NINETY HAVE BEEN OCCUPIED, LEAVING ABOUT JUST UNDER FOUR THOUSAND SEVEN HUNDRED TOTAL APARTMENTS IN THE PIPELINE.

BUT WE HAVE SEVERAL OF THEM HAVE CHANGED NAMES OR THERE'S A COUPLE ADDITIONS THERE ON THE LIST. IF YOU WANT ANY SPECIFIC DATA ON ANY OF THESE PLEASE LET ME KNOW.

SO GOING FORWARD, WE'RE LOOKING AT ABOUT 4000 NEW HOMES TO BE BUILT OVER THE NEXT FIVE YEARS, AVERAGING JUST OVER 800 CLOSINGS OVER THE NEXT 10 YEARS.

WE'RE EXPECTING ABOUT 6000 NEW HOMES TO BE BUILT IN THE DISTRICT.

ALL OF THE APARTMENTS ARE EXPECTED TO BE BUILT OVER THE NEXT 10 YEARS AS WELL.

THE YIELDS FROM THIS YEAR OVERALL, OUR SINGLE FAMILY SAMPLE CONTINUES TO SHOW IT'S A ZERO POINT FIVE FOUR THE SAME SIMILAR NUMBER THAT WE SAW A YEAR AGO.

APARTMENTS DID COME BACK UP.

WE HAD DIPPED DOWN TO ZERO POINT THREE NINE A YEAR AGO.

IT'S UP TO ZERO POINT THREE FOR THREE.

I THINK THAT'S A REFLECTION OF GETTING MANY OF YOUR STUDENTS THAT LEFT FOR COVID LAST YEAR BACK, AS MANY OF THEM WERE IN MULTIFAMILY DEVELOPMENTS.

BUT NOTE THAT THE ACTIVE NEW HOME SUBDIVISIONS ARE YIELDING ABOUT ZERO POINT SIXTY NINE ON AVERAGE. THAT'S A THAT'S VERY STRONG.

YOU GO THROUGH SOME OF THE INDIVIDUAL ONES AND THEY'RE IN THE 0.8 TO ONE RANGE, SO YOU ARE GETTING A FAMILY BUYER IN THE NEW SUBDIVISIONS.

EVEN THE TOWNHOMES ARE, THERE ARE SOME THAT ARE A TYPICAL TOWNHOME GIVES YOU A ZERO POINT THREE YIELD, BUT YOU ARE SEEING SOME AREAS THAT ARE DOUBLE AND TRIPLE THAT INITIALLY.

SO WE'LL HAVE TO SEE IF THOSE HOLD AS THOSE AS MORE TOWNHOMES ARE DEVELOPED.

BUT THE GOOD NEWS IS WHERE THE BUILDERS ARE PUTTING HOUSES, THE PEOPLE ARE MOVING INTO THE DISTRICT, AND I THINK THAT'S REALLY HELPING THIS PICTURE LOOK MUCH BETTER THAN IT POSSIBLY COULD BECAUSE OF WHAT WE TALKED ABOUT AT THE BEGINNING, WHERE THE GAP BETWEEN WHAT'S GRADUATING AND WHAT'S COMING IN IS SO LARGE EACH YEAR THAT YOU HAVE A BUILT IN DROP. SO THE AMOUNT OF STUDENTS THAT ARE COMING IN IS HELPING THIS ENROLLMENT PROJECTION REMAIN FLAT AND POSSIBLY COULD TURN POSITIVE HERE OVER THE NEXT COUPLE OF YEARS AND HEAD BACK TOWARDS FIFTY FIVE FIFTY SIX THOUSAND.

BUT MOST LIKELY, WE'RE WE'RE GOING TO SEE ENROLLMENT STAY WITHIN THE FIFTY THREE THOUSAND TO FIFTY FOUR THOUSAND RANGE GOING FORWARD.

YOU KNOW, IT'S PRE-COVID, WE WERE LOOKING AT FIFTY FIVE THOUSAND.

SO RIGHT NOW LOOKING OR KNOWING THAT NOT ALL THE KIDS HAVE COME BACK.

WHEN YOU LOOK AT THE TRANSFER DATA FROM THE TO, THE CHARTER SCHOOLS DO CONTINUE TO INCREMENTALLY GROW JUST A LITTLE BIT LARGER EACH YEAR.

DALLAS ISD CONTINUES TO TAKE A LITTLE BIT MORE EACH YEAR, BUT THE GOOD NEWS IS YOU HAVE A SOLID EIGHT TO 10 YEARS OF NEW HOME CONSTRUCTION OUT THERE TO BRING NEW STUDENTS INTO THE DISTRICT. ONE OF THE THINGS THAT I'LL BE LOOKING AT WITH THE CENSUS DATA IS TO STUDY THE OLDER AREAS OF THE DISTRICT TO TO SEE WHAT THE AGE OF HOUSEHOLD DATA SHOWS US.

TYPICALLY, WE HAVE TO SEE THOSE AREAS GET TO WHERE MAJORITY OF THE HOMES HAVE A HOMEOWNERS OVER 65.

BEFORE WE WILL START TO SEE THEM TURN OVER.

BUT SO THERE'S A LOT OF WORK TO COME TO STUDY THE THE WEST SIDE OF THE DISTRICT.

BUT JUST KNOW RIGHT AT THIS POINT.

MANY OF THE THE BUILDERS ARE EXCITED AND WE CONTINUE TO SEE NEW SUBDIVISIONS.

I GOT 12 NEW PLATS JUST IN THE LAST SIX MONTHS FOR GARLAND, ROWLETT AND SACHSE IN THE

[00:30:09]

DISTRICT. SO WHERE THE BUILDERS CAN BUILD HOUSES, THEY'RE GOING TO DO IT.

SO DO YOU ALL HAVE ANY QUESTIONS ABOUT WHERE WE ARE AS OF THIS SEPTEMBER? ANYBODY HAVE ANY QUESTIONS FIR MR. ALEXANDER? MR. MILLER. YEAH, I JUST WANT TO SPEND A LITTLE MORE TIME ON THE PROJECTIONS THAT KIND OF THAT LAST SLIDE.

YOU KNOW, ONE THING I KNOW IT'S HARD TO PROJECT OR DO WHATEVER ANTICIPATE IS THE COVID EFFECT. AND I KNOW THAT YOU SAID THERE ARE SOME DATA COMING OUT WITH THE NEW CENSUS THAT MAYBE HELP US ZERO IN A LITTLE BIT MORE ON ON WHY, AS OTHER DISTRICTS ARE BREAKING EVEN OR MAYBE SLIGHTLY GROWING EVERY YEAR, WE CONTINUE TO DECREASE.

THE BIGGEST CONTRIBUTOR I'VE ALWAYS THOUGHT I'VE HEARD YOU SAY, WAS PRIMARILY THE AGING POPULATION OF OUR DISTRICT.

AND THEN YOU JUST MENTIONED A NUMBER THAT SAID WHEN THAT BLOCK GETS TO BE SIXTY FIVE AND OLDER, THAT'S WHEN THERE IS SOME TURNOVER THAT HAPPENS.

SO WHEN WHEN YOU DO COME BACK WITH THAT DATA AND THAT UPDATE, WILL WE BE ABLE TO LOOK ON THE MAP TO SEE WHERE THOSE ZONES ARE AND HOW THEY MIGHT IMPACT LIKE THE COLORS THAT ARE RED? SO WE HAVE SEVERE DECLINES.

YES, THAT'S THE GOAL.

MR. MILLER IS TO ISOLATE WHERE THOSE AREAS ARE.

IT'S NOT GUARANTEED THAT THEY, THOSE PEOPLE WOULD SELL THEIR HOUSES, YOU KNOW, THEY COULD CERTAINLY STAY IN THEM.

BUT YOU KNOW, WE HAVE THAT'S TYPICALLY WHEN YOU DO SEE THOSE AREAS REGENERATE.

AND ARE YOU SURPRISED AT ALL BY THE AVERAGE STUDENT PER HOUSEHOLD AND PER APARTMENT NUMBERS FOR GARLAND COMPARED TO OTHER PLACES? ACTUALLY, THEY'RE PRETTY NORMAL FROM WHAT WE SEE.

YOU KNOW, WHEN YOU HAVE MORE ON THE SINGLE FAMILY SIDE, AS YOU START TO ADD MORE SMALLER LOTS MORE TOWNHOMES, THE YIELD GOES DOWN.

THERE ARE SUBDIVISIONS LIKE A GRAMERCY PARK IS PERFECTLY RIGHT AT ZERO POINT TWO FOUR ON THE YIELD. THAT'S THAT'S WHAT I WOULD EXPECT.

BUT THEN. AND THAT'S A ZERO LOT LINE DEVELOPMENT.

CORRECT. SO THEN YOU GET ONE.

IT'S LIKE THE BUNKER HILL TOWNHOMES IN THE FIRST SIX HOUSES, YOU GOT OVER ONE.

SO IT'S NOT. THE SAMPLE SIZE IS SMALL, BUT THERE ARE INDICATIONS THAT YOU COULD END UP SEEING A STRONGER THAN NORMAL YIELD FOR YOUR SMALLER LOTS, WHICH WILL HELP YOU GROW FASTER. NORMALLY, THAT'S, FOR EXAMPLE, LIKE IN ALLEN, AS THEY'VE LOST THEIR 50, 60, 70 FOOT WIDE LOTS AND GONE TO SMALL THERE.

THE RATE OF GROWTH HAS SHRUNK DRAMATICALLY.

IT'S TYPICALLY JUST BECAUSE YOU CAN'T HAVE THE FAMILY'S BUYER JUST HAS TOO MANY OTHER CHOICES. SURE.

SO ESPECIALLY WITHIN OUR APARTMENT COMMUNITY IS, DOES MOBILITY HAVE IS THERE A FACTOR FOR MOBILITY IN THE STUDENT PER HOUSEHOLD OR PER APARTMENT? WELL, THE APARTMENTS ARE DEPENDING.

THE APARTMENT YIELD DEPENDS ON THE TYPE OF ARCHITECTURE.

A LOT OF THE NEW APARTMENTS THAT ARE BEING BUILT TODAY ARE THE THE MID RISE STYLE THAT ARE FOUR AND FIVE STOREY ENCLOSED GARAGE.

THEY TYPICALLY WILL HAVE 70 PERCENT OR ONE BEDROOM.

THEY JUST DON'T YIELD MANY KIDS.

THEIR TARGET ARE THOSE WORKING PROFESSIONALS, TYPICALLY IN THEIR LATE 20S.

SO AS YOU HAVE MORE OF THOSE APARTMENTS, THEY'RE JUST THEY'RE NOT GOING TO PRODUCE A LOT OF STUDENTS. NOW, IF YOU GET MORE TRADITIONAL GARDEN STYLE, THOSE WILL GIVE YOU MORE, YOU KNOW, YOUR INCOME ASSISTANT WILL GIVE YOU MORE.

THE CHALLENGE RIGHT NOW IS IT SEEMS LIKE IT'S ONE OR THE OTHER.

THE APARTMENT DEVELOPERS THEY WANT TO DO THE LUXURY OR THEY WANT TO HAVE THE INCOME ASSISTANCE. AND SO YOU DON'T GET A LOT OF THAT TWO TO THREE STOREY TRADITIONAL APARTMENT THAT WOULD GIVE YOU MORE KIDS PER UNIT.

RIGHT. AND MY LAST QUESTION IS BACK OVER ON THE CHARTS WHERE IT SHOWS THE ONE IN TWO YEAR CHANGE. LET'S JUST LOOK AT THE TWO YEAR CHANGE IN MY I DON'T EVEN KNOW WHAT PAGE IT IS IN MY BOOK. FIFTY SIX, MAYBE, NO.

I DON'T KNOW WHAT. FORTY FIVE PAGE FORTY FIVE IN OUR BOOK WHEN WE SEE THOSE DARK RED AREAS, IS THERE A WAY TO CORRELATE THAT TO THE AVERAGE AGE OF THE HOUSING STOCK IN THAT NEIGHBORHOOD? WE CAN.

[00:35:03]

WE'D HAVE TO LOOK AND USE THE APPRAISAL DISTRICT DATA AND LOOK TO SEE WHEN THOSE ARE BUILT. I BET THE MAJORITY OF THOSE THERE IN RED, YOU KNOW YOU'RE TALKING, WHAT WOULD YOU SAY? MANY IN THE, I'M GOING TO GUESS, 50S TO 70S.

MM HMM. WHICH I MEAN, THAT'S WHAT I SUSPECT, BUT IT'D BE NICE TO KNOW, OK, IF WE CAN EXCUSE ME ANY OTHER QUESTIONS, I HAVE A COUPLE.

SO I THINK WHAT'S INTERESTING IS ON PAGE FORTY TWO, WHERE OUR DECISION TO ACCEPT OUTSIDE TRANSFERS, CERTAINLY.

SEEMS TO HAVE HELPED A LITTLE BIT.

AND I ASSUME THOSE NUMBERS WILL GO HIGHER, SO I THINK THAT'S A FACTOR THAT IS NEW TO YOUR PROJECTIONS, THE OUTSIDE TRANSFERS THAT WE OPENED UP OUR DISTRICT.

THE OTHER THING THAT COMES TO MY MIND IS AT SOME POINT WE'RE GOING TO WE'RE GOING TO HAVE TO START DISCUSSIONS ABOUT ANOTHER BOND.

MOST DISTRICTS DON'T.

THIS WILL NOW BE THIS NOVEMBER WILL BE SEVEN YEARS SINCE WE DID OUR LAST BOND.

MOST DISTRICTS TODAY ARE ON FIVE YEAR SCHEDULES, PROJECTED FIVE YEAR SCHEDULES AND THEY'RE STICKING WITH THEM. SOME DISTRICTS ARE EVEN FASTER THAN THAT.

OBVIOUSLY, NOTHING'S GOING TO HAPPEN THIS YEAR.

WE'RE ALMOST AT A POINT NOW WHERE I DON'T THINK WE CAN DO ANYTHING IN MAY OF TWENTY TWENTY TWO, SO THE NEXT VIABLE DATE FOR A BOND ELECTION WOULD BE NOVEMBER OF 2022.

WE'VE HAD A STUDY DONE BY PBK THAT WAS PRETTY EXTENSIVE.

WE SHELVED IT AS WE LOOK MORE TOWARD THE TRE, BUT AT SOME POINT WE'RE GOING TO HAVE TO COME BACK AND USE THESE NUMBERS, THESE PROJECTIONS AS TO WHAT WE WANT TO DO WITH OUR DISTRICT. THE BUILDINGS ARE STILL AGING.

THEY'RE NOT GETTING ANY NEWER.

YOU KNOW, I REFERENCED EARLIER IN DISCUSSIONS TODAY ABOUT WHAT WE'RE DOING IN THIS BUILDING AND PUTTING ABOUT $12 MILLION INTO THIS BUILDING FOR HVAC TO TO MODERNIZE THIS BUILDING. BUT WE HAVE AN AWFUL LOT OF CAMPUSES THAT DO NEED A LOT OF WORK, AND THOSE HVAC UNITS DON'T GET ANY NEWER.

THE ROOFS DON'T GET ANY NEWER, THE PAINT DOESN'T GET ANY NEWER.

THE MODERN DESIGN THAT PBK TALKED ABOUT IN THEIR PRESENTATIONS IS STILL THERE.

SO AT SOME POINT, WE'RE GOING TO NEED TO TAKE THESE NUMBERS AND LOOK AT IT AND DR.

RINGO. I WOULD SUGGEST AT SOME POINT YOU AND I GET TOGETHER AND TALK ABOUT A ANOTHER PRESENTATION. DR.

RINGO AND MS. MAYO MADE AN INCREDIBLE PRESENTATION TO US SEVERAL MONTHS AGO ABOUT WHAT A NEW BOND WOULD BE, WHAT THE COST WOULD BE, AND I THINK IT'S TIME TO MAYBE RELOOK AT THAT AS WE GET WITHIN A YEAR OF A NOVEMBER 22 POTENTIAL BOND.

SO ANY OTHER QUESTIONS? SIR, WE THANK YOU VERY MUCH.

THANK YOU, MR. GLICK. THANK YOU, EVERYONE.

OK, LET'S GO TO ITEM B ACTION ITEMS B1.

[IV.B. Action Items (Non Consent)]

CONSIDER APPROVAL OF RESOLUTION AUTHORIZING CONTRIBUTION TO THE SACHSE ECONOMIC DEVELOPMENT CORPORATION DR.

RINGO. THAT'S ON PAGES NINETY FOUR TO NINETY NINE.

MR. GLICK BOARD OF TRUSTEES, DR.

LOPEZ. GOOD EVENING AGAIN.

PRESENTED BEFORE YOU IS THIS COMES BACK EVERY YEAR.

THIS IS LATER THAN NORMAL THIS YEAR WITH THE ECONOMIC CORPORATION.

AND IT IS THAT PARTNERSHIP BETWEEN GARLAND ISD AND THE ENTITY OF THE CITY OF SACHSE.

THE SACHSE ECONOMIC CORPORATION AND THAT SUPPORT THERE.

THEY DO PROVIDE DOCUMENTATION TO THE DISTRICT [INAUDIBLE] THAT DOES COME TO MS. HOGAN AND ITS RESOLUTION BETWEEN OUR BOARD OF TRUSTEES AND THE SACHSE ECONOMIC DEVELOPMENT CORPORATION. ANY QUESTIONS FOR DR.

RINGO AND THIS WILL BE AT OUR MEETING IN TWO WEEKS.

THANK YOU, SIR. LET'S GO TO ITEM THREE.

CONSIDER APPROVAL OF THE CITY OF GARLAND ISD, HBJ HEALTH EMERGENCY INTERLOCAL AGREEMENT.

DR. GARRETT.

GOOD EVENING, HOW'S EVERYBODY DOING? HANGING IN THERE? VERY GOOD.

ALL WE'VE DONE HERE IS WE'VE TAKEN THE ONE THAT WE HAD THAT EXPIRES JANUARY 2022 AND I DIDN'T WANT TO WAIT TILL THE LAST MINUTE, SO I GOT HERE AHEAD OF TIME.

THE ONLY CHANGE TO ANY IN THE PAST THAT WE'VE HAD IS LISA RAY ADDED UNDER TERMS, THERE

[00:40:01]

WAS NO, NO ENDING DATE IN SIGHT AND SHE SAID WE'RE NOT DOING THAT ANYMORE.

WE ARE GOING TO ADD YOU'LL SEE A FIVE TERM NUMBER 2.

THIS AGREEMENT MAY BE TERMINATED.

SECOND LINE AND MAY BE RENEWED FOR A PERIOD OF FIVE YEARS BY WRITTEN AMENDMENT BY BOTH PARTIES. SO THAT'S WHAT'S BEEN CHANGED AND THIS MOU WE HAVE SEVERAL.

THIS ONE SPECIFICALLY IS ABOUT THE THE WEST GATE AT HBJ STADIUM.

IT SAYS THIS INTERLOCAL AGREEMENT IS REQUIRED.

SO WHEN SENATE BILL ELEVEN CAME OUT, SOME BEST PRACTICES ARE FOR US TO HAVE MOU'S USE FOR ANY CONCEIVABLE THING OR THINGS USUALLY THAT COME UP.

YOU'LL REMEMBER, I BELIEVE IT WAS EARLY COVID.

WE SUDDENLY ALL URGENTLY SIGNED AN MOU SO THAT THE POLICE OFFICERS COULD USE THE RESTROOMS IN OUR FACILITIES.

I MEAN, IT SOUNDS SILLY, BUT IT'S NOT.

WE NEED TO HAVE THESE THINGS TO FACILITATE RAPID MOBILIZATION.

IN THIS CASE, IT'S GOING TO BE NEEDED RESOURCES, AND WE WANTED TO FORMALIZE IT WITH A COMMITMENT THAT SAYS, Y'ALL ARE RESPONSIBLE FOR THIS.

WE'RE RESPONSIBLE FOR THAT.

WE'RE GOING TO MAKE SURE IT'S LOCKED ALL THE TIME.

ANY QUESTIONS, ANY QUESTIONS? WE THANK YOU VERY MUCH. THANK YOU.

WELL, LET'S GO TO ITEM FOUR.

MR. BOOKER. WE HAVE ONE NEW BID.

CONSIDER PURCHASE OF POINT OF SALE, COMPUTERIZED SYSTEM ACCESSORY SUPPLIES AND MAINTENANCE AGREEMENT FOR A STUDENT NUTRITION SERVICES.

YES, SIR. TO MR. GLICK MEMBERS OF THE BOARD OF TRUSTEES, DR.

LOPEZ. THE CONTRACT WE HAVE BEFORE YOU IS FOR POINT OF SALE EQUIPMENT THAT'S UTILIZED BY OUR FOOD SERVICE DEPARTMENT.

THE RECOMMENDED CONTRACTOR RECOMMENDED AWARD IS TO CYBER SOFT TECHNOLOGIES FOR NOT TO EXCEED AMOUNT OF $250000.

ANY QUESTIONS? THEY'RE BEING NONE, MR. BOOKER, WOULD YOU PLEASE PROCEED TO ITEM FIVE INCREASE TO AWARDED BIDS A, B AND C.

YES, SIR. THE FIRST CONTRACT BEFORE YOU FOR INCREASES FOR FENCING, SUPPLIES AND SERVICES.

THE ORIGINAL AMOUNT OF SEVENTY FOUR THOUSAND NINE HUNDRED NINETY NINE WAS APPROVED APRIL THE 30TH. THE MAINTENANCE DEPARTMENT IS REQUESTING AN ADDITIONAL $100000 TO FACILITATE ADDITIONAL FENCING REPAIRS, WHICH WOULD MAKE THE NEW NOT TO EXCEED AMOUNT ONE HUNDRED AND SEVENTY FOUR THOUSAND NINE HUNDRED AND NINETY NINE DOLLARS.

THE NEXT CONTRACT IS BEFORE YOU FOR AN INCREASE.

THIS IS FOR GLENN PARTNERS.

THIS IS THE ARCHITECTURAL AND RELATED SERVICES THAT WAS ADDRESSED EARLIER IN THE FACILITY'S DISCUSSION.

THE ORIGINAL AMOUNT WAS FIVE HUNDRED AND TWENTY FOUR THOUSAND TWO HUNDRED AND EIGHTY DOLLARS. THE RECOMMENDED INCREASES TWO HUNDRED AND SEVENTY FIVE THOUSAND SEVEN HUNDRED AND TWENTY TO MAKE THE NEW NOT TO EXCEED AMOUNT $800000.

AND THE FINAL INCREASE BEFORE YOU IS FOR WEB BASED SPECIAL EDUCATION MANAGEMENT SYSTEMS. THE SPECIAL EDUCATION SYSTEM HAS ADDED A MODULE TO THEIR EXISTING SYSTEM THAT INCREASE AMOUNT OF SIXTY SEVEN THOUSAND NINE HUNDRED AND FIFTY DOLLARS WILL COVER THE INSTALLATION COST AND SERVICES TO GET THE NEW PROGRAM UP AND RUNNING.

THOSE ARE THE THREE NOT TO EXCEED THAT ARE BEFORE YOU FOR YOUR CONSIDERATION INCREASES.

QUESTIONS FOR MR. BOOKER ON INCREASES A, B OR C? SEEING NO QUESTIONS. DR.

LOPEZ, ANY NEED FOR AN EXECUTIVE SESSION? NO NEED. IS THERE A MOTION FOR ADJOURNMENT.

WE ARE ADJOURNED AT 6:09 P.M..

* This transcript was compiled from uncorrected Closed Captioning.