Good afternoon.

The time is now 2 p.m.

on Wednesday, September 3rd, 2025 in the City of San Antonio budget work session is called to order.

Madam Clerk, please call the roll.

Council member for Councilmember Castillo Angiano.

Councilmember Via Gran.

Councilmember Mungia.

Councilmember Castillo.

Councilmember Galvan.

Councilmember Alaretta Gavito.

Here.

Councilmember Mesa Gonzalez.

Councilmember Spears.

Councilmember White.

Mayor Jones.

Here.

Mayor, we have quorum.

Great, thank you, Madam Clerk.

So this meeting is to hear about the tax increment reinvestment zones.

You know, as mentioned, uh we are constantly looking to strengthen the general fund and understanding where money is and uh may be able to help in that regard is important.

So I'm thankful that they've prepared a presentation largely on the city initiated tours to help lay flat what we might be able to do in the immediate but maybe longer term, um, as some of these are much closer to realizing the goals as initially stated when they were established.

Um so Eric, over to you.

Thank you, Mayor.

Good afternoon, Mayor and Council.

So, yes, the this was an issue that the mayor raised at our June uh budget work session.

So uh from that request uh today's briefing on our uh tax increment refinance zones or otherwise known as TURS of Veronica Garcia and Troy Elliott will walk through uh will tag team the presentation today.

So the presentation is an overview of the TURS, how they're structured under state law, um, how they're structured under our own ordinance uh policy, and we'll provide summary information for each of the tours.

I think when the mayor brought this up at the end of June, it was um broadly about tours.

There were several council members that also uh mentioned um the other type of tours we have, which is developer uh focused tours, very different.

We'll walk through both of those.

Um the um the information that you're seeing that you saw on the slides that we distributed and you'll see today is from the actual tours plans.

Um and some of those plans um are still in the process of being updated or will need to be updated based on uh other actions.

And I'll give you a couple of examples.

One um when you see Houston Street tours, um we have the approved term sheet with the missions and Western Urban.

Um, but based on that timeline of the um of the agreement we have with them the the um uh work around that tours and future financing, that tours plan will need to be updated and brought to council, and that was part of our original plan.

Likewise, the hemisphere tours that um the council recently talked about in terms of arena, there is dependent on what happens later on this year, there's work that has to go on.

Then there's other examples.

Um the uh for the initial inner city tours, there's a request that I'm working on with um uh councilman uh Castillo Aguillano and um and Councilman McKee Rodriguez uh regarding the budget.

These slides make no assumption around that.

So that's individualized work that we need to do.

Um so based on the council's conversation today.

If there's follow-up, we'll do the um the specific analysis and work and report back to council.

So I'm gonna kick it off to uh Troy to begin with, and then Veronica will tail in really to focus on the development tours.

Thank you, Eric.

Good afternoon, Mayor and Council.

Um, this is my second time back in two weeks, as well as Veronica.

Uh my name is Troy Elliott, I'm the chief financial officer.

As Eric mentioned, I think he stole most of my introduction.

But um, Veronica and I will be tag teaming.

I plan on providing you with an overview of TURS, kind of how they function.

Dive into specifically to the city initiated tours, then hand it off to Veronica Garcia, our director of neighborhood housing services to talk about the petition initiated or the developer initiated tours.

First of all, jumping into you know what is a what is a TURS?

What is tax increment financing?

Um specifically governed by the tax increment financing act, chapter 311 of the Texas Tax Texas uh tax code.

Uh the tax code provides kind of the regulatory framework that provides us guidance on how we establish the tours, how we use the tours, and the type of tours is that we can actually put in place being city initiated, city initiated and petition initiated.

No tours is a public financing tool that is used to promote economic development in a specific area or zone that needs that um dedicated investment under chapter 311.

There are eligible expenses that are broadly defined to include capital costs, such as acquisition, public improvements, public parks, remediation, and demolition.

Also includes financing and administrative costs.

All of our tours have some form of administrative fee that we collect to fund the supporting operations through a TIFF unit to manage the board relationships and the um project plans and also the finance plans.

We can also use a tours for to fund professional services and studies benefiting the zone.

As I mentioned, the act specifically allows for two types of tax increment reinvestment zones.

The first is city initiated, where I will focus.

City initiated sounds exactly like it like it is.

It's going to be a tours that through council authorization.

We establish and we authorize and develop a specific zone.

One of the things you'll see, and I think Eric talked a little bit about it, is the city initiated tours, the type of projects that you see, they're going to be a little more diverse in the type of projects where the petition or the developer initiated tours can be more focused on a developer coming in, has a petition or an application.

They're going to put improvements on the ground to include housing, multifamily housing, industrial and commercial, and there will be public infrastructure that they're also going to put in place.

And through that tours, we will reimburse them for that public infrastructure from the increment that's being generated.

How does the TURS work?

And we talked a little bit about this, but essentially, we come to council with a proposed proposed tours.

At the time that we create the tours and we establish the zone, the actual base or the assessed value is frozen.

And the assessed value becomes the base or the ceiling or the maximum, and that base stays in place throughout the duration of the term of the actual tours.

As we through either through natural growth or through the investments that council chooses to put in place in that zone, it produces an increment or additional value.

That additional value is captured, it's reinvested back into the zone and becomes somewhat cyclical.

You invest in the zone, it produces value, and then back into the zone again.

After the term of that zone, the term, the zone is terminated, and then the benefit of all that value basically goes back to our general fund operations and to our debt service fund.

I think Eric mentioned this, or somebody mentioned this a little earlier when I was talking down the hallway, but I think the original TIFF policy was actually put in place in 2015 through the efforts of Veronica and her team and through a lot of stakeholder involvement.

They came back and amended and presented a revised TIFF policy to council in December of 2022.

This work was done with the with PCDC or the planning and community development committee.

Specifically, this new TIFF policy looked at the policies that have been adopted by city council and prioritize the funding to support those city objectives, including but not limited to the ones that are listed here, housing and affordable housing, economic development, transportation and connectivity, job training and education, as well as arts and culture and historic preservation and placemaking.

Also, I think over the last month or a couple of weeks, there's also been conversations about housing within the TURS, and specifically, projects shall not cause direct or residential displacement.

Market analysis is required to support market rate housing and include contributions toward affordable housing.

Before moving into the specific city initiated tours and the and the developer initiated tours, I thought there was value to kind of showing the council on an annual basis, specifically for FY25.

The total city tours contribution is going to be in the neighborhood about 45 million dollars for fiscal year 2025.

Roughly when you look at that 45 million dollars, that is the increment that's being generated.

That 45 million, roughly, if you wanted to split that up between 60% to the general fund, 40% to the debt service fund, that's what that contribution would have gone at the term termination of these tours.

When you take that 45 million dollars and house that allocated between the city and the developer tours, about 37 million is being dedicated to the city initiated tours, and about $8 million is going to developer initiated tours.

To put that $45 million in perspective, that's about 5% of our total levy of about $819 million that goes to our general fund to our debt service, and then this $45 million is going to the tax increment reinvestment zones for additional investment.

Kind of changing to the next part of the presentation, focusing on the city initiated tours.

City initiated tours that maximizes the benefits of a public-private collaboration to support revitalization.

As I mentioned, it's going to support a variety of diverse projects and multi and multiple city objectives.

Each project is considered by the respective tours board and city council.

Inside and outside of the of the tour zone, chapter 311 does allow for funding to be used outside of the zone for affordable housing and places of public assembly.

Last thing I point out is the board composition for a city initiated tours by statute is going to differ from a petition initiated tours, and Branca is going to talk a little bit about the board composition for the developer or the city petition initiated tours.

I know many of you in here chair a lot of the boards today.

As far as the board composition for the city, no less than seven and no more than 11 members, and they're appointed by city council.

May include the elected officials both from the city where they're participating, where we are participating, as well as the county officials in those areas that they're participating.

Also can include city county staff of participating taxing entities.

Moving now to we currently have about nine, we have nine city initiated tours, focusing on the map to the right, and I'll start kind of on the outside, I guess, of the loop.

At the north side, you have the Northeast Corridor that kind of focuses on that Wurzbach Parkway, NACOPER, and Par and Bidal area.

Moving to the outside of the loop on the southern side of the city, you have the Rano Tours.

Then moving to the south side, directly inside of the loop, you have two additional tours.

You have the Mission Drive In and the Brook City Base.

And then really focus around the central business district.

Starting at the top, you're going to have Midtown, Houston Street, West Side, Hemisphere, and the inner city.

And putting together this presentation, originally we kind of had it all on one sheet summary.

It really did not go into the detail that we needed to.

So in presenting this, we're going to present a separate slide for each one.

The downside is you're going to have nine slides you need to sit through on the city initiative tours and ten on the developer.

I think it provides a little more insight into each of the respective tours.

Starting with the Houston Street Tours, there's really before moving into the slide itself, there are two pieces, are two plans that move through the board and through the city council.

One is a project plan.

The project plan is going to encompass and outline what is the zone, what type of projects are going to be approved within the zone, and the uses for those those funds.

Separately, you have the finance plan.

The finance plan is really going to take all the building blocks within the project plan and it's going to put those into a mathematical model over time using that framework that we talked about on, I think the second slide on how that increment grows over time.

It's going to look at the approved projects that are being approved for that plan.

It's going to compare the cost of those approved projects to the increment or the value that it's throwing off, and then there will be an ending balance or an increment that's produced out of the finance plan.

Each one of these slides are really going to take some of the high-level pieces out of the project plan and the project plan and summarize that on each of these slides for for you as city council.

So moving back to the Houston Street Tours, we had it was established in 1999, in which the base was frozen, and it was recently extended to 2060.

The Houston Street Tours was extended for really to reorganize the boundaries.

There are about 17 parcels that were moved from the West Side Tours over into the Houston Street Tours.

The main reason for that was to align where the development was going to take place associated with the mission ballpark and the surrounding development.

That all that development occurred within one single tours, and we had one single tours that we could use as a pledge for the actual debt for the missions ballpark.

The other thing it does, it also simplifies our financing that we're moving out to our investors.

That we have one pledge easier to explain and one source of revenue as we move forward with those revenue contract bonds.

In City Council District 1, as far as the participating entities, we have two.

We have the city that's participating at 100%.

When I'm saying 100%, that's gonna be both of our OM rate and our debt service rate.

So 54 cents per 100 dollars of valuation.

You also have Bear County participating in this tours.

They are participating at 100% of their O and M rate.

This tours operates a little bit differently from some of the other tours in terms of how it's organized.

The city increment is held separately from the Houston for them from the Bear County increment.

For my accounting purposes, we treat them separately.

Both as projects are being proposed.

The board comprised of Bear County members and the city members, they approve the projects, but the Houston increment, I mean the Bear County increment is used solely for their projects.

They approve the projects, but the Houston increment, I mean the Bear County increment, is used solely for their projects.

The city increment is used solely for the city projects.

Collectively, both on the term sheet that was approved for the missions ballpark, the Bear County has agreed to pledge some of their revenue as well towards that debt.

As Eric mentioned, as I mentioned, this when you're looking at these balances here in the lower right hand corner that I'll get to in a second.

This is as a result of the most recent approved finance plan.

It does not incorporate the finance plan for the missions ballpark project for which that non-binding term sheet was approved.

And just to highlight some of the projects that have been that have been implemented or that have been invested in in terms of the Houston Street tours.

I think everyone's familiar with Alameda Theater.

Also Coruscome, Cattleman Square Master Planning, and Art Paced Improvements.

Moving to the lower right hand side of this of Houston Street, as far as the tours balance, as I mentioned, this is only going to be the city balance, and we take the Bear County balance separately.

So for 2024, we ended the year with a balance of 7.3 million dollars.

We're estimating an additional increment of 5.96 million dollars.

Commitments are rolling forward from the prior years as well as new expenses.

So we have about 6.4, 6.5 million dollars in commitments and expenses.

It consumes a portion of that balance that rolled over from the prior year, and also any new increment that's being generated during the current fiscal year.

When you're done at the end of the year, we're anticipating an ending balance of about $6.9 million.

As we move forward and we layer in the finance plan for the ballpark, we will bring forward and bring back to this body a revised project plan and finance plan, as well as some of the definitive agreements with the ballpark and the corresponding or associated project plan incorporating that financing into it.

Next one's inner city tours.

This one was established in December of 2000 through September, currently terminates in September of 2035.

We could look at a potential expansion extension of this tours to align with the other tours about 2060.

As Eric mentioned, there's a number of additional projects that are being suggested to be funded out of this tours.

We would need probably the additional extension to fund some of those in the event that we actually wanted to fund those through debt.

The city is at 100% of our OM and our debt service rate.

Some of the major projects, Ella Austin Community Center, La Vietta, Maz Maverick Plaza, Sage Storefront, and Midtown Land Acquisition.

Again, looking at just kind of hit some of the highlights about produces about 10.1 million dollars in an annual increment.

Looking at current expenses and commitments, is about 4.5 million dollars in ending balance in 2025.

And this is a snapshot of Phil to mention this on the prior slide, but this is a snapshot for one year.

Of course, through the term of 2035, you'll have the additional growth that moves through the tourism's balances will likely increase year over year.

Brook City Base, Brooke City Base and Bron are two of the city initiated tours that both have single developers included in them.

Brook City Base was established in 2004, scheduled to terminate in 2039, District 3.

This one, the city is participating at 85%, 85% of our tax rate.

And this was a rate that was negotiated at the inception based on the perform and the finance plan that was developed at that time.

Brook City Base was originally put in place for street improvements, New Bronfels and Challenger Drive, also for the financing of two buildings, and then not too long ago, I think several months ago, council approved the Brooks Development Authority defeasance of debt used for public improvements.

And so you go to the right, you'll see the ending balance is zero.

So for a period through 2031, through the agreement with Brooks Development Authority and approved by council, that unused balance is going to be shifted or sent to Brooks Development Authority to basically the fees and restructure their debt.

So after 2031, there's a balance of 17 million that they've requested through 2031 that expires and the increment starts to escalate again in 2032 through 2039.

Increment starts to become available.

For the Rano Tours, this one was established in 2007.

Unfortunately, this one was established right before we had the recession.

So there were some complications as a result, and I'll talk about that in more detail in a second.

Scheduled to expire or terminate in 2039.

Two districts, council districts three and four.

There's a number of participating taxing entities on this one.

The city is participating at 100%, Bear County at 70% of OM, ACCD and SARA at 50% and 60% respectively.

This was originally created to support the Texas AM and surrounding South Side, public improvements to support development of Palo Alto and Texas AM San Antonio.

Some of the projects around the development include public improvements such as streets, drainage, water sewage, and public infrastructure public infrastructure for housing.

In the very beginning, because of the recession and other issues, this one faced some financial challenges.

As a result, the developer was reassigned to I think South Star.

And at point in time, the Rano Tours was actually rebranded and marketed as Vita.

We're starting to see this one start to take off a little bit more in terms of the increment in terms of the development, a little bit slow to the start.

But this one had a beginning balance of $882 last year.

Is now producing an increment of about $472,000.

Has commitments, some of that is our admin, and some of it's going back to reimburse some of the public infrastructure, and an ending balance of zero because any balance that's generated is going back to the developer and the admin fees to reimburse them.

Mission drive in set to expire in 2027.

This one's in Council District 3.

We are participating at 90% of our M and O and our debt service.

Highlighting some of the major projects would be the World Heritage Campus, San Jose Drive, River to Mission Connectivity Project, Mission Road Sidewalk Connectivity Project as well.

Looking over at the 2025 balance on the right, there is a produces an annual increment of about 1.3 million dollars a year.

Expenses for this year are 1.5 million with an ending balance of 1.9.

Turning now to the midtown tours.

This one is currently set to expire in 2041.

This was with uh compasses and compasses districts one and two.

City is currently participating at 100%.

As city manager mentioned in the intro, this project plan is currently as been adopted, has not been updated for the purchase of the ITC property from UTSA.

So that is something that we're still looking at and bring forward a finance plan to actually solidify that purchase.

Some of the other highlights as far as what has been spent out of this midtown tours has focused on the SA Botanical Gardens, Zoo, public infrastructure related to the Pearl, Brackenridge Park Nature Scape, and Whitty Museum Improvements is where St.

Mary's Avenue.

When you look at the 2025 balance, the beginning balance about 12 million dollars.

It produces about 11.3 million dollars on an annual basis in terms of an increment.

Expenses and commitments rolling forward from the prior year that had not been spent, and also additional expenses about 18.8 million dollars, has an ending balance of 4.5 million dollars.

As I mentioned, this has been approved as of today.

We'll continue to look at this and we'll layer in the financing for the ITC and bring back to you a revised project plan and a finance plan at that point in time.

Three more to go, almost there on mine.

So on the West Side Tours, uh, this one's terminating in 2060, as I mentioned when I opened it with the Houston Street Tours.

This one was also realigned in terms of the boundaries to shift those 17 parcels over to the Houston Street, and it was also extended to September of 2060.

We are participating at 100% of our OM and our debt service.

Some of the major projects are highlight projects that we selected or say see expansion, the YWCA Women's Live and Learn Center, as well as Market Square and Guadalupe Theater improvements.

Terms of an increment for 2025 produced about 3.3 million dollars.

After considering the beginning balance and the expenses for 25 and commitments, about 1.3 million dollars in an ending balance that's available.

This one is expiring in 2034, Council Districts 2 and 10.

Again, cities participating at 100% of our ONM and debt service.

Highlighting some of the major projects have been funded on Morgan's Wonderland parking lot, sports gym, and entry monuments, Longhorn Quarry Road extension, as well as villages at Paranbital Affordable Housing.

In terms of the annual increment, produces about 1.7 million dollars in annual increment for 2025, has an ending balance after consideration of the beginning balance and expenses about 1.7 million dollars that's available for additional projects.

And wrapping up my portion of the presentation, I'll close with the hemisphere tours.

Um this one was established in 2017, set to expire currently in 2037.

Um participating in the city at 100 percent.

The major project right now, and the reason this was originally put in place was to fund the H park operations.

So when you look at the table to the right, it's producing about an annual increment of about $660,000.

$660,000 is going back to the hemisphere park area redevelopment corporation to actually fund their operations.

And so every year that is being pushed over to them to fund their operations, and so for my finance plan, there is an ending balance of zero.

Of course, the hemisphere tours based on the um the approval of the recent sports and entertainment district term sheet.

This will be a key tours in basically capturing that guaranteed development and capturing that increment that'll be used to as a pledge and be used to fund the revenue contract bonds for the um the funding of the arena.

Mayor, with that, I'll turn it over to Ronka and she'll take over and talk about the petition initiated tours.

Thank you, Troy.

So for the petition initiated tours, it allows the city to stimulate economic development, particularly in areas that otherwise would remain underutilized.

Typically, we receive a proposal from a private entity who sees potential in one of these underdeveloped areas.

These areas often lack basic infrastructure such as utilities, roads, or even drainage, and the costs of development can be prohibitively high.

And so a TURS will help make the project financially feasible.

The process is that the developer submits a plan that outlines the boundaries of the proposed zone, the public improvements that are needed to support the project, and a reimbursement request over a specified amount of time.

The developer is then responsible for covering the upfront costs of all infrastructure and public improvements.

And then over time, as the properties within the zone, the property values within the zone increase, the city reimburses the developer according to the terms of our agreement.

As part of our evaluation process, we also consider the cost of providing municipal services to larger zones with more complex projects.

This will help ensure that the tours is sustainable in the long term, and the city can continue to deliver essential services to the area without strain on the general fund.

Each TURS is governed by a board of directors, which oversees implementation of the project.

The board for developer initiated tours includes one appointee from each of the participating taxing jurisdictions, the developer and community members, as well as the state representatives in which the zone is located.

You can see we have them all throughout the city, primarily in districts two, three, and four, and we do have slides, so I'll go into detail on each one of these.

We'll start with the Mission Del Lago Tours, which is in Council District 3.

The proposed project includes $2,500 single-family homes and just over 500 multifamily homes.

This project is located off 281 just south of 410.

The eligible costs that the developer is covering include the streets, drainage, utilities, as well as some park improvements.

The city is participating at 100%, as is the county, and university health system is also participating at entity at 75%.

This project is fully fully complete, and the reimbursements go through 2032.

On the bottom right-hand corner, all of the annual increment that is developed that is generated by the project can be reimbursed to the developer each year, provided they have enough eligible expenses to capture that reimbursement.

For the Lackland Hills tours, this is in District 4, and it includes 171 single-family homes.

This is just adjacent to Lackland Air Force Base.

Again, eligible projects, costs include the drainage, streets, utilities, and related soft costs.

This one also is fully built out, and reimbursement will be completed at the end of next year, and then we will actually terminate this tours.

The city and county are both participating at 100%.

For the Northeast Crossing Tours, this is in uh district two, and it includes 1,300 single family units as well as 250 multifamily homes within the zone.

This project is located off of I-35 and Eisenhower Road near Wincrest.

Improvements again include drainage, utilities, streets.

This one has neighborhood park and open space improvements as well.

This project is also fully complete, and reimbursements will continue through September 2028, which then we will terminate the tours.

This one has multiple taxing entities participating.

The city and county and Alamo Colleges are all at 100% of their property tax increment.

For the Hunters Pond Tours, this is located in District 4 and includes 449 homes.

So it's a mix of single traditional single family homes, garden homes, and townhomes, and 24 also are duplex homes.

This project is located off 410 near Palo Alto Road, really close to the Verano tours that Troy talked about.

The project costs for this one includes streets, drainage, alleys, utilities, extending the street fully to Zarzmore Road, as well as some park improvements.

This one's nearly done.

We're at 98%, fully built out, and reimbursement will continue through 2031 to fully capture the cost of all of those improvements.

The city and county are both participating taxing entities.

City is at 100%, and the county is at 70%.

The next is Theo Meadows.

This is in District 3, and it includes approximately 400 homes.

About half of these homes are priced below 200,000, so they're meant to be affordable to families at 100% of the area median income or below.

This housing community is located near Military Drive, just northeast of the Brooks development.

Project costs that are eligible again, streets, drainage, utilities, as well as a greenway trail.

This project is fully built, complete, and reimbursement continues through 2054.

And the city is the only participating entity at 85%.

The next is neighbors tours in district, also in district three.

This project includes 637 single-family homes, 340 multifamily homes, as well as an industrial track that can be used for a data center as well as neighborhood retail.

This project is located on the southeast side near the intersection of 281 and 181.

And all of the costs would include streets, drainage, and utilities.

This project is at 15% complete, started on the data center, has not started the single-family homes yet, but those are projected to start this fall.

The city is the only participating entity, and for all of the homes that are created, about 62% will be affordable to families at 120% AMI or below.

So that pertains to the single family units.

Somerset Grove tours is in District 4 and includes 603 single-family homes, and half of those are again affordable to 120% area median income or below.

The project costs that are eligible include streets drainage and utilities.

Construction is about 98% complete, and the full project will be done by the end of this calendar year.

And reimbursement goes through 2046.

The city is the only participating taxing entity at 85%.

This project is located off of I-35 and Somerset.

So again, this is in District 4.

The next one is Valley Sole Tours, located in District 4.

This includes 650 homes.

Half of those are affordable at 120% area median income or below.

The eligible reimbursement costs for the developer include the streets drainage and utilities for the housing community.

Construction is about 40% complete, and they are eligible for reimbursement through 2046.

The city again is the only participating taxing entity at 85%.

And this project is located on the far southwest side, just northeast of Vaughan Army.

Next is the Lone Oak Tours, also in District 3, which consists of 975 single-family homes.

The project costs again are covering the streets, utilities, and infrastructure.

Construction started in 2023, and the development is about 10% complete.

The developers have been focusing on clearing land, installing streets, all of the infrastructure, so the homes will start to come up soon and starting made available in 2026.

This community is located off 35 South and 1604.

Again, the city is the only participating taxing entity at 85%.

The final developer initiated tours is Rosio Creek, which is in district three.

Um, this is definitely the largest one yet.

It includes 5200 market rate single family homes.

Um there's 67 acres dedicated to market rate multifamily homes, as well as significant acriage dedicated to commercial development and light industrial development.

In alignment with our updated tours policy and in alignment with our strategic housing implementation plan, the developer will donate 30 acres to oh 50 acres to the San Antonio Housing Trust in the city of San Antonio for the future construction of an affordable homes on the property.

This community is located off 410 near WW White, and the project eligible costs include streets, drainage, and utilities.

Construction, the project is in pre-development, and construction will not start until closer to 2028.

This project was a very complex, multiple components, and included a concurrent annexation.

So as part of the evaluation process for this one, um the finance team conducted an analysis regarding the cost of providing municipal services to the area.

They looked at everything from providing fire services, solid waste services, street maintenance, etc.

Since the city is the only participating taxing entity, and the they we finalized our participation rate at 70% based on the cost to provide city services to that area.

So in conclusion, the tours is more than a financing tool.

It's a commitment to revitalization across the city.

Since adopting the tax increment financing over 20 years ago, we have used this tool to revive reinvest in areas that have been overlooked.

Areas which without significant city investment would continue to remain underutilized.

Through public, private, and oftentimes nonprofit partners, we are improving infrastructure and creating new housing and economic development opportunities across the community.

So we thank you and look forward to answering any questions you may have.

Great, thank you.

Um Mr.

Elliott, just to for context, um, can you give us a sense of how these tours are used in in other cities and how we might be different in our implementation?

I don't know if I have that background.

I think I'd have to all have background on how those tours are used in other cities.

I think I mean I think it's gonna be very similar.

I mean, we can go back and look at other cities and see how they compare because we're all operating under the same tax code and umbrella.

I'm assuming they're gonna operate very similarly, but we can go look at some other cities and pull those comps for you.

Um, and I don't I'd appreciate understanding um it sounds like under Chapter 311 we are allowed to use some of the funding outside of the zone itself for things like affordable housing.

Um can you speak to how well we have actually done that here in San Antonio?

Yes, for affordable housing specifically, as we outlined the tours can be used to create thousands of homes that otherwise would have been cost prohibitive to develop because many of these areas had little to no infrastructure.

We're doing streets, drainage, roads, utilities, only time saws, CPS energy, like all of it has to be completely built out.

In total.

So to be clear, so my the specific question was money taken out of a specific zone to be used for affordable housing in other places.

I'm looking at slide six.

Um Mayor, thank you for that question.

Um, several fiscal year budgets ago, I don't know if I said that right.

Um, we we took an allocation from each of the inner city area tours to create more of a funding source for gap financing for projects.

Okay.

So we took several million from the inner city tours, we took some from the Houston Street Tours, the Midtown Tours, to create a pool to fund some of these affordable housing projects.

And then we also look at it as we are receiving requests for funding for affordable housing projects.

Let's say our gap financing is limited to so much in federal funding.

We may talk to that council member and say this is a great project that's right outside your tours or in your tours.

Would you be supportive if we move forward and took this to the tours board for an allocation which frees up more money for us to use on more affordable housing projects?

So we've been very strategic in how we use that tours funding to support affordable housing.

I appreciate that.

Thank you.

For some members that don't have a tours in their council district, I think folks would like to understand you know the ways in which to your point we are being strategic to use some of that money to address some of the housing needs and other needs that are not in that specific in that specific zone.

I think Miss Garcia, you were gonna say maybe the number of units that were produced.

Welcome hearing that.

Yes, yes, ma'am.

We have um produced about 700 within the city initiated tours, about 721 affordable units.

And then again, as Lori mentioned, we had additional funds set aside through collective efforts to help fund some home rehab projects and some additional gap financing.

So that was an additional 200 units for home rehab.

And then uh we have several projects that are contributing to the affordable housing fund on their own, so that will be creating future affordable housing.

And when we look at the developer initiated tours, we have about 2300 units in total.

That doesn't include the Rosillo Creek because that was just adopted and hasn't been built out.

And of those 2300, about 54 percent of them are affordable housing.

Okay.

I appreciate those stats that they're not in the in the presentation, but I think it'd be helpful for us to understand those those stats.

Um in particular, what percentage of all the housing that has been created is in fact affordable and at and at what levels?

Other than the Lackland zone, uh the Lackland Tours, is there another one that has been terminated?

Yes.

We have uh four tours that have been terminated in the past uh three years.

And I can tell you which ones those are.

One second.

That includes Stablewood Farms was terminated just this year, as was Mission Creek, though it's um city council districts four and three respectively.

Then we had Halley Heights was terminated last year in district four, and then Heather's Cove in District Four was also terminated last year.

So four projects in the last um thirty two years, and then we have three, one terminating each year from now through 2028.

Okay.

Um it'd be helpful to understand how much money then came back into the general fund as a as a results of those being terminated.

So of those four that were terminated and collectively, this is about 1.2 million dollars from the four that were terminated in the past two years.

Okay, thank you.

If I added that up right, well, maybe one million, one million across the four.

Across all four of those.

So on okay.

Okay.

Chair Mungia.

Thank you.

Um Gia.

Oh, sorry.

Sorry.

She's equally as uh energized about this as well.

But you're next, but you're next.

Um so thank you for the presentation and and for the interest for my colleagues and the mayor on this topic.

And um, you know, I know a couple years ago PCDC did some revisions to the TIFF policy uh because there were some concerns about it.

And um, I would say quite a bit of additions were and edits were made to this policy, uh, which has yielded the Rocioal Creek Tours, which I think is a phenomenal project and the developer-initiated tours uh that's gonna donate significant land to the housing trust, uh, and that's part of the requirement that was added to the policy was about affordable housing.

So, you know, district four has been home to the most number of developer initiated tours.

Uh and if you look in our district where these locations are, there was no lateral support, there was no sewer, no water, no electricity going to much of this area.

And looking at some of these areas, 2001-2006, some of these developments uh were probably some of the first large developments since Ray Ellison in that area of my district.

So we had seen for years a lack of housing, a lack of investment.

These came in, and as you can see, if you go to the Heather's Cove now, Haley Heights, Stablewood, uh, Lackland Hills, Hunter's Pond, there has been uh other market redevelopments as a result of that development from from many years ago that have developed in that district.

And so I think there's a difference between city initiated and developer initiated, as you can see, the developer initiated tours has very minimal um impact, and it is if you correct me if wrong, it's a hundred percent based on reimbursement, correct?

For the developer initiated.

Yes, it's all based on the reimbursement and only the actual increment they're generating.

And can you talk about what some of those reimbursements could be?

Sure.

It could be for creating new roads, sidewalks, street lighting, um, connect creating utilities such as power, water, sewer, drainage improvements are usual, clearing the land and any soft cost environmental reviews.

And so if you can say that real quick, I see Thad here in the audience.

Uh and Thad is is helpful and has been doing a lot of great work on the Verano Tours, which I know is a city initiated.

Thad has built one of the nicer developments on the south side of San Antonio.

And can you tell me a little bit?

Because I know that's a city initiated one, but it's similar to a developer tours.

Can you talk a little bit how it's different than the inner city tours and how it operates?

Yeah, so the Verano Tours is specifically has that one developer, the South Star, and through the efforts of the of their master planning efforts, this project in particular will be creating 650 homes, 22 townhomes, there's multifamily, there's a Medina uh Greenway Trail, so a total of five parks includes public art.

So it's a very specific master plan the development, and the TURS is going to cover all of the improvements that are related to that.

And so it's also in covering the improvements that are around Palo Alto as well as Texas AM.

Um so really making sure that this area where Texas AM San Antonio was started, which was always had hope to have housing, retail, commercial development all around it.

Um for years that wasn't happening.

So through the development through the Verano Tours, the funding was made available to create the infrastructure so all of the retail and residential could be built up around it.

Yeah, and I would say that's one of the the fastest growing uh parts of my district and probably district three as well, primarily because of this tours, what it's done in that area.

As you said, AM San Antonio uh Palo Alto are within this tours, and those are our two Southside higher education entities.

So very exciting uh development that's happening out there.

Uh and again, that's all right reimbursement to to that to what he has to put up front.

Yes.

And that's for every developer initiate cur uh tours, correct?

Yes, they put up all the money up front, they take uh they really do bear the the risk because they're covering all that up front, and they only get um up to what the increment generates.

And if the zone terminates before their full reimbursement, um it does require additional city council approval to extend that.

So for example, Lackland Hills 2001, it is still ongoing because the developer has not been fully reimbursed for those.

So they've built everything out, 100% completed, um, but they still have additional years to receive their full reimbursement.

Right.

And so 2001, they spent you know, let's just say 25 million dollars.

Are you considering inflation for reimbursement or is it just a flat, whatever it was paid back then?

It's based on what was paid back then.

Yes, so the previous max reimbursement amount agreed upon.

Okay, so there's no inflationary consideration when you do reimbursement.

No, it's what you paid, that's what you get.

It's over 25 years is quite a bit.

Yes.

Okay.

Sorry.

Just uh just to clarify, sorry, some of the newer tours, some of them do uh account for inflation, but some of them do not.

So it varies based on the tours.

Yeah, okay.

Thank you for that.

Um and I'm not sure who's best to answer some of the the updated things we did for the tours.

So one of them was a DIA, a displacement impact assessment, which was brought up on the conversation on the hemisphere tours.

Can you talk a little bit about what that requirement is for every project?

Sure.

Um so the developer gives us information on how many additional homes they're creating, how it's going to change the population of the area.

We look at vulnerability factors surrounding the proposed displacement, such as number of homes that have gone to foreclosure, eviction rates, there's a about over 20 um different data points that we review.

And uh we will not say we it projects will not be denied based on that assessment, but it helps inform before those funding recommendations are made.

So we'll identify if it's low risk for surrounding displacement all the way up to high risk.

And we'll provide that to the board or an evaluation committee in advance, and if a project is medium or high risk, then the evaluation committee or the board may request the developer do um outreach or help fund things that would help address potential indirect displacement.

For example, if one of the reasons it's medium risk is because the homes are in fair to poor condition, we may ask them to help with home rehab or getting the word out about it.

And that's for every project within the tours?

Or what's the difference?

The policy was adopted in 2022, um, new new communities go through a staff displacement in that state.

So I and I asked this before Basket again.

Is that will that be a requirement of the hemisphere tours since we're using that for the stadium?

Yes.

It will be.

Okay.

Thank you for that.

Uh and real quick, so you know, some of the other tours that are more uh in the inner city districts one to five, how are those projects evaluated and determined by the board before it gets to council?

Uh how do those projects come about to be funded through?

In the city initiated tours?

Yes.

Yes.

Um the World Heritage Center is an example of department and partner recommendations, um, or sometimes it comes from nonprofit or private entities, maybe someone wants to create affordable housing or a nonprofit wants to expand their campus, but all of those come to our department for review.

We conduct an analysis in partnership with the finance department, and we recommend if the tours has sufficient funding available, uh, sometimes they need upfront funds, sometimes it's over time, and then we make that recommendation to the board of whether or not it's feasible, and then the board decides if they want to fund it or not, and then we will take it to council after that for final approval.

True.

And how active do council members get for city initiative tours as far as recommending projects or advocating for projects in that respective tours that they represent.

Yeah, well, many many council members sit on the board, some of them chair boards, so we get lots of recommendations from council members.

You know, you know your districts very well, you know what the needs are and the gaps in services, so we definitely rely on those recommendations to look at what the tours is possible to find.

And for every allocation of tours dollars that's approved by the board, it also has to be approved by city council.

Yes.

Okay, good.

All right, those are all my questions for now.

Thank you.

Chair View.

Thank you, Mayor.

Um, thank you for the presentation.

Thank you for working so hard.

I have the distinct honor of having quite a few tours uh in my district, both city initiated and uh developer initiated tours.

And for decades, the South Side was primarily seen as a dumping ground for unwanted and desirable sewage projects and um dome dirt and all sorts of things.

And this was tours provided an opportunity for us to leverage, and I still give the speeches today, as many of you know, is when we talk about F streets, let's talk about no streets.

And because of the developer initiated tours, I have seen um whole new communities come up.

So I'm really in favor of this tool.

And I think as Veronica stated, in terms of funds for general fund, it's just not there because they're building streets that either otherwise would not be built or we would be looking at bond projects to build these streets out.

Um and as y'all all have seen, the southern uh sector of San Antonio between district four and and district three uh has grown tremendously because we have the land and we have the space, and uh now we have the amenities, and uh that brings me to I guess where we really have the because the developer initiate initiated tours, and correct me if I'm wrong, Andy, we go into contract with them because so those funds are pretty much guaranteed to pay them back for what they've done, correct?

Uh councilman, yes, each project has an associated agreement with it.

So as we switch over to the city initiated tours, and and these tours are the ones that I think we're looking at where we have the opportunity to look for general fund dollars and uh again with the purchase of the ITC, which I think whatever's going there, the city needs to purchase more property downtown uh is that it should come from the the tours to do that uh purchase of there.

I think what we see in the city initiated tours is how we move forward, but the difficulty of relationships when you get to what is San Antonio, old San Antonio or original San Antonio, and when I look at my three um city initiated tours, which is Brooks, Verano, and Mission Drive In, the one that has been most problematic has been mission drive in, and that is because we are trying to coordinate with the archdiocese, with national parks, with the state, uh with the county, and then with the city as we move forward there.

So even though it looks like we have a million dollars, that's a million dollars that should have been spent on street improvements that got placed on hold because of um of um of our relationship with the state and what we're gonna do there, and I think when we look at further down Roosevelt and we look at uh further down Roosevelt, which is um you know, Mission De Lago, which is a uh uh private uh developer initiated tours or petition petition initiated tours, when we look at Loma Mesa, when we look at the for former ones, is that they've been able to succeed and succeed with very few amenities because if you look over on that specific portion of my city initiated tours, I do not have an HEB.

I do not have the tremendous child care centers.

I still have the deserts.

So this is this is really where when I look at the city initiated tours is we're really trying to address what other deserts we have in that area other than just the housing and how do we bring that in with development.

So I want to thank y'all for the presentation.

I know it's a lot of information, and I know some of y'all are like, I don't have one in my district, I want one in my district.

You maybe really don't because it's a lot of coordination, it's another board you get to serve on, and it it just it really is it is bringing a lot of stakeholders together.

So I'm I'm appreciative of what we have.

I enjoy how we use the tool, but again, I like petition petition initiated developer initiated tours.

Uh those seem to work the best for me, but I think uh the city initiated tours are a good tool, and I um I'll look forward to see how we use them in the future.

But I I'm not sure that um when we take into consideration all the stakeholders that we need to kind of look far and wide for how we're gonna fix our budget problems.

Thank you, Mayor.

Chaircore.

Thank you, Mayor.

Um, I want to say thank you to the folks that were sitting in our chairs before us because I do think that the tourist policy as that has been created has allowed for some really amazing developments in our communities, and I want to thank city staff for your leadership on this.

Um I want to start off by thanking also thanking some of the community folks that we have in the room.

So we've got folks from we've got CEOs of the zoo.

If you all will stand, Zoo, BRAC, um WITY and Botanical Gardens, thank you.

Um and these folks are the ones doing really great work for our nonprofits that are in city owned facilities that get benefit from the one of the tours that we're gonna be talking about.

So I want to thank you all for your leadership and work.

So uh I'll talk about some of the things that I think are the most exciting about the tours that have been created and what they've been able to be used for.

Like I mentioned, some of these tours have really allowed for spur of development in areas that have been previously very um uninvested in.

Um, for example, and I'll talk about the midtown tours at the Pearl Development, it was one of the highest crime rates in our city.

Um that area was back in the 90s, and that development and development there has really changed.

There were some really great policies that incentivize housing with the C ship, and I still have folks coming to me asking for it.

But there was also some challenges.

So the leaders that sat in our seats before us recognized that there was challenges with that policy.

And because of that, a lot of uh housing was created, but a lot of it was also market rate housing.

And so, in order to try to shift from only market rate incentives to more affordable housing, our tours policies have shifted as well to keep up with that direction.

So we did a great job of uh incentivizing market rate and and to all the folks, we still need market rate housing, but what we really need to focus on incentivizing is affordable housing because that's what we see the real gaps in, particularly like we've been talking about for our ship goals, 30% AMI units, um, two and three bedroom units, because that's the biggest gap.

But all of that to say, at least specifically for the midtown tours, um, we have been able to use the funding there to pivot to support some of our nonprofit organizations that I just recognized.

We're doing really great work for kids.

The zoo hasn't had a gorilla exhibit in 30 years, and Congo Falls is coming back, and it um I'm super excited to be able to be uh a part of some of the events that are going to be there this fall.

And what I'm more excited about is our kids from our most low-income and underserved communities to be able to see that because I've been able to, and I'm sure all of my colleagues have been able to work with the zoo to do field trips from all of our schools, and we have a list of all of our elementary schools that get to go out for free and enjoy that amenity because access we know is really important, right?

Having a uh a shiny amazing zoo that was ranked top two in the newsweek best zoo in the state is great, but if all of our kids don't get to access it feels kind of it doesn't feel fair, and that's why we have to continue to double down on education and access for all of our communities.

But that to say I um was excited, I wasn't on council when the midtown tours direction was shifted, but the board makeup for that one specifically has um folks from all of these organizations and also has folks from the neighborhoods around and parks and rec as well.

So uh there is a really diverse group of folks that are overseeing that board.

One of my board members who's actually from the River Road neighborhood has a really great idea for small scale rental rehab to be used from the midtown tours.

And that's a project that I think that would be a really great pilot out of that tours.

So what it is is if you go look at some of our older neighborhoods, there's a lot of two to six unit old old multifamily units that haven't been renovated.

They still have in built a uh what is it called?

Window um AC units when you're walking by and block walking, and those we would love to see upgraded, but if some investor comes and buys them, they're gonna make them market rate.

So she has an idea, and she also happens to work with housing trust, but has an idea to pilot this program out of the midtown tours.

And that's something that having a tours enables us to do.

It enables us to try policy that we believe is important for our districts and get to sub our board members get to support.

If the funds go back to the general fund, we don't have that direct access to where the funds go.

Um it might go to 40 additional police officers.

And so what we really want to figure out is how can we ensure that the goals of affordable housing continue to get met with what we have set up?

So I think there's some great points that Councilmember Mungia brought up in terms of uh our vote, the tours votes getting uh board members getting to vote on the tours and then it coming to council.

And I also think there is room for us to really hone in on what are the um KPIs that we're looking at for our tours.

Can we set a little bit stronger goals on housing from them?

So can we say um from all of our city initiated tours?

I know you mentioned it was like 700 units.

Could we say our next year our goal is to try to get to a thousand?

Let's set some really strong goals and look at the process to make sure that uh what the projects that are coming are also done in an equitable way.

I know that you mentioned sometimes projects just come based because uh their director has a great idea for the World Heritage Office, which was an amazing um use of funds, but we also want to make sure that folks in the community that might not have a rock star lobbyist behind them also get access to apply for these funds in an equitable way.

So making sure that process is very visible, that all maybe applications get heard by the boards themselves for the ones that are received, um, and that there's an open call on an annual basis for applications and that are directed towards specific goals, whether that means small-scale affordable housing or um uh different other priorities that we could set as a council.

So that that would be my pitch for how we can try to reorganize and make sure that these funds are being used in the the best way possible.

I do want to say publicly again that I know the midtown tours was listed on there for ITC, and I want to share that um that not only the stakeholders here but a lot of the community there would like to see for that funding to we figure out a different solution for that.

So I want to make sure that that is uh stated, and we've got to get creative on how to do that piece.

Also, Troy, you said St.

Mary Street when you read the slide, and that gave me um a little bit of trauma.

The funding that was used for this was for the bicycle lanes on St.

Mary's Avenue.

It was Avenue B, sorry, it was Avenue B bicycle lanes and not St.

Mary Street.

Uh that funding came from bond funding.

Just wanted to make sure we cleared that up.

Um, and then the last thing I'll say for uh Houston Street Tours, because that's another one that we get the opportunity to see grow.

Some of my favorite things that we've supported out of the Houston Street Tours is the SACAM, is the African American museum that's going to be the largest in the country, and we were able to help them acquire their land and hopefully can continue to support them as they grow to develop out their amazing concept.

Um we were also able to help a local art nonprofit, Art Pace, with some facility space that they needed, um, and addition holidays on Houston Street, all the lighting and things like that that we've been creating.

So I think there's ways that you can use it.

And I know Councilmember Mickey Rodrigus, and I'm sure councilman council member uh um Castellano Ayano will say that Castillo Ayano will talk about it, but he's been able to use the inner city tours for some creative things as well, as well as councilman because councilman Castillo.

Anyways, I'm ranting, but um those are just some of the amazing projects that we've been able to do out of this work.

So I wanted to share that.

Thanks, Mayor.

Yep.

Councilman White.

Thanks, Mayor.

Uh I don't have a lot on this, but uh I will say um first just to clarify there's we've got binding agreements on the city-initiated tours as well, right?

That are associated with those tours.

Sure.

Once approved by council.

Yes, yes.

Okay.

Uh so we've got agreements on both that of course I would hope that we would honor.

Um look, I'm the I'm the first one to sit up here and say when I think we're doing things wrong, but I think uh our tours policy and how we've acted for the most part um related to these tours is is pretty darn good.

Uh and I think uh Councilman Mujia really uh laid it out pretty well um in terms of sort of history and some of the TURS is in his district.

Uh I just don't want us to be short-sighted, right?

It's easy to say right now we've got budget deficit and and uh and let's go try to try to fill up the the general fund, but these are these are long-term investments that that do so much for our city, and and it's really growth um growth paying for growth in in a lot of ways.

So I I'm pleased with with how with what our policy is and and how these TURs are I think positively affecting uh areas of San Antonio that need um that need investment.

And so I hope that we uh uh that we continue down this path.

We're we're patient, we we allow these TURS to run their course and do what they're doing, which I think is um improving uh the way the city uses its land uh for the benefit of our citizens.

Thanks.

Councilwoman Castillo.

Uh thank you, Mayor.

Thanks, y'all for the presentations.

One of the primary concerns that I hear from residents in terms of the overall tours structure is the ways in which oftentimes the investments and items that are approved by council don't necessarily benefit the greater community.

Um I think some of the work that we've done within the West Side Tours and then under the leadership of Councilman McKee Rodriguez and the Houston Street Tours, we've been able to shift to ensure that we're meeting the needs of community in terms of what are they requesting, whether it's supporting nonprofits, deeply affordable housing, and land banking.

Um in terms of the city initiated tours as a whole, Troy, can you remind me which of the TURS city initiated tours do not have a council member sit on that board?

So Houston Street, I'm just gonna kind of go through the music street has Dr.

Core inner city, we have three council members.

Brooks does not have a council person.

Mission driving.

Looks like the rest of them, West Side, midtown, it's like the rest of them all have council people that are sitting on those midtown tours does not have a no, it does, I'm sorry.

And hemisphere, correct?

Yeah, and when we look at the overall housing production in terms of midtown and hemisphere, um there's and I requested these numbers from NHSD, and I understand it was a short turnaround, uh, but some of the rough numbers that we pulled, the majority of housing that's been produced from both of those TURs uh have been market rate.

Uh and I understand the argument, right, that we need to produce housing at all levels, but when we look at roughly 30 projects and only four of which likely produce affordable housing, uh I have concern, especially given that within the TIFF policy, it does mention and prioritize as stated in the presentation to ensure that we are producing uh deeply affordable housing.

So, in terms of the breakup of the uh 721 units that were produced, can we get a breakdown based off of AMI of what those 721 look like?

Yes, we can we can provide that and uh clarify that the four that are the newer ones, um many of the previous ones were done before the 2022 policy, which didn't require affordability.

Okay, yeah, and and that's why I highlight right um the leadership of um within the West Side TERS and right the board makeup as well as the the board that Councilman McKee Rodriguez sits on uh because it has been a priority in ensuring that we are producing that deeper affordability.

And I raise that point, right?

Because two projects that have been moved forth by council that do have a TURS uh layer to it, right?

For example, Project Marvel, uh example mission baseball stadium, uh, within that overall financing structure, there is a housing component.

And as mentioned during the Project Marvel conversation, that housing component that's going to be financed through the TURS uh necessarily is going to well, not necessarily it is going to be market rate, right?

Um so yes, we do have the policy that was adopted, uh, but we seem to um override that policy right when when it's convenient.

So I guess my question is uh in terms of Project Marvel and the mission uh conversation, uh will there be an affordable housing component uh as based upon the TIFF policy, or is that something that that based off the council vote will not include affordable housing so councilwoman the um the the way the way we're positioned right now for for the downtown sports and entertainment district, it does not have affordable housing assumptions being made in it.

That's not to say that there that there aren't some part of that converse council conversation is in that area within within that area, what can we do?

policy or is that something that that based off the council vote will not include affordable housing so councilwoman the um um the the way the way we're positioned right now for for the downtown sports and entertainment district it does not have affordable housing assumptions being made in it that's not to say that there that there aren't some in part of that converse council conversation is in that area within within that area what can we do um and and the same is is true of of the term sheet that was approved by the council on on uh with the missions in western urban um so that that is that is not included in there at this point so the the TIFF uh policy is a recommendation it is and and Veronica talked about that uh when she did her part of the presentation uh you know I don't think that's I don't think it's a substitute for it um I think based on what I'm hearing so far around the council and I don't know everybody's not talked uh spoken yet but there are a variety of projects um in investments in uh capital infrastructure or public infrastructure city owned properties or city owned buildings um and so I think the prioritization would be helpful from the council yeah and and to that point right the trends seems to appear the tours that do not have council representation are producing the highest amount of market rate and zero affordable housing um so I think it warrants the conversation right should we have council representation on these tours that currently do not have council representation because the public want someone to hold accountable uh and I think having an elected official uh represent the masses the community's voices would be of value on um the midtown tours as well as the hemisphere tours yeah don't disagree and we'll give that breakout but I think there's as Veronica said in addition to that 721 breakout by AMI we're gonna do before 22 before 22 and after 22 because I think you'll see a change there um but certainly if there's a change in makeup of board then that's something that we can that we can do certainly with the council's approval.

Okay and then lastly right I wanted to highlight um uh soon we'll be celebrating the the opening of Basillafrox which was uh funded through the West side tours and this is something that was already within the queue when I got into office uh however what we worked into that contract was community benefits right what was not included within uh that um with uh I forget West Side Development Corporation now Prosper West uh we worked in their um affordable rents for local small businesses we worked within the contract um providing uh free uh meeting room space for community members to access uh and a couple of other pieces so we are grateful that the leadership at that time was amendable to those requests um but it was something that we had to work with uh Ian on and we went back and forth so grateful for uh Ian and David uh until that was something that community felt comfortable with and ensuring that since these are diverted funds uh from the general fund that the masses the general community would be able to access this space so grateful for Prosper West's leadership and of course uh to Ian and David uh on the West Side Tours for um working with Prosper West to get that done those are all my comments thank you mayor thank you councilwoman um eric just to to clarify just simple um um ordinance change to update the board composition is that all that's required yeah yes ma'am that that um it's just a city ordinance great okay governance committee looks forward to reviewing that chair galvan thank you mayor um think up for the presentation today and this conversation around uh the TIFs and the TURS policy that we have and all the different ones that we have in our city of course they're in a district six and I'm not necessarily asking for any uh so I also want to be cautious about some of the my questions I'll have uh just because I know there are some benefits that come with TURS um for uh areas in our city that are underdeveloped right I think I know Councilman Vigar and I talked in our first conversation after being elected about we know differences in terms of development in our parts of the city is that uh while district six on the edges uh has a lot going on that's causing traffic headaches all the kinds of different concerns uh district three has different concerns where there isn't development or there is there and to become that right and there's a push for that so there's this different priorities uh for everyone so I want to make sure that I'm respecting those pieces as asked my questions today.

Um I wanted to ask first and foremost um on slide five let me make sure I'm looking the right one right on slide five um this is just FY2025 uh revenue right that we're looking at here yes sir that's our estimate for fiscal year 2025 okay so is this this is not a compilation of all the incremental value or incremental revenue that has been produced for for fiscal year 25 so what this is going to represent we went through all those individual slides for city initiative right initiated so that 37 million dollars is going to be split between all those city initiated right and this eight million would go to the petition so this is one year snapshot got it okay so then do we have the number for the total amount that has been uh captured by the certain amount of incremental uh revenue for each uh city initiative tours um since they were created we do we have uh the finance plan is gonna go back from the inception of the of the um the tours as well as we have the projection moving forward we have that for each plan so when are you looking for that number since the beginning of each TURS correct okay we can we can provide that because this is also like uh uh subtracted right the amounts that have been utilized as well as that right there is the pure increment that is what okay not balances not balances okay because that's all I'm looking for as well just the pure increment versus the balances thank you um let me see what else questions I had how often does our city do uh revenue bonds with our tours I know of course we're talking about those a lot now but where there

So are you looking for that number since the beginning of each tours?

Correct.

Okay.

We can we can provide that.

Because this is also like uh uh subtracted, right?

The amounts that have been utilized as well as that right there is the pure increment.

That is what we're gonna do.

Well, okay, not balances.

Not balanced.

Okay, good.

That's what I'm looking for as well, just those pure increment versus the balances.

Thank you.

Um had how often does our city do uh revenue bonds with our tours?

I know of course we're talking about those a lot now, but were there ones that we did beforehand before this decade?

I have to go back and look for sure.

I mean, we have done revenue bonds.

I think we looked at it for Brooks.

I'm not sure if we did a revenue or um or something else, but there has been debt that has been issued from several of the tours.

Okay.

May not necessarily be revenue bonds.

Got it.

Thank you.

Um then I guess I know we talked a bit about what work can be done with the TURS that's different than maybe what could normally be done uh by the city um or bar or by our other entities.

And I guess I wanted to ask, have we done or trying to kind of ask my question here?

What is that difference in work?

Is it the time that we're able to deliver it?

Is it just complete ability for our city to deliver different pieces, whether it's funding for uh different spaces to be built or to be rehabbed or public lighting to be because what I'm thinking about when I'm seeing some of these ones is I'm seeing some about street lighting, things like that.

And I guess I'm wondering, was there not funding in the general fund to do that work?

Was that not part of the plan to do those that kind of work with the city initiated tours?

Um what's the difference between using a TURS versus general funding that we have or bond funding?

Is it just the timing of it all?

Well, councilman, are you talking about um you're talking about developer related tours?

Uh talking more so about city initiated.

Developer initi developer initiative, what I understand because there is no upgrades out there, although I still kind of think about you know, could we have done that work in the past or otherwise?

Maybe.

But that one seems a bit harder because there is no nothing out there, right?

Right, raw land.

Uh versus I think you know, uh in downtown areas or other parts of the city that do have uh infrastructure already built, and maybe there's a lacking of infrastructure.

Is have we done like maybe a like a cost benefit kind of view of it of could we have done this work without a TURS or not, I suppose, with terms of street lighting or sidewalks or other pieces like that?

I mean, I think the the concept is I mean, sure, you could have pulled from the general fund, but um council has designated these as reinvestment zones.

So you're using the increment from that zone to fund improvements that the zone needs.

Right.

Totally understand that.

And of course, if they're there, let's use them all.

We got them, right?

Why leave that money to sit in?

First is tapping into the general fund when you you already have this set aside for improvements in the area.

Yeah, no, that makes sense.

And I guess my question is more so of could this work have been done if these tours didn't exist at all.

I mean it would be like every area that doesn't have one, it's competing for resources.

So is there enough in your annual capital budget to cover the sidewalk improvements or to improve that city-owned building to the extent that it needs it?

So it will be.

Yeah, just general prioritization, right?

Okay, got it.

Thank you.

Um there I I I like the uh at least within development uh initiative or develop sorry, developer initiated tours.

It seems like there is that kind of um almost a performance measure in a way about you know, this is done, we got all these pieces done, we got the sewer lines in, call it a day.

Um I guess I'm wondering for the other for the city initiative tours, are what are the performance measures?

What is that threshold for revitalization?

Um is that within our policies at all, or is it subject by the board, subject by the city council in terms of of having these tours exist or not?

Yeah, so council designated the term and then all of the projects that are approved are subject to the the tours board and then of course city council approval.

Got it.

Okay, thank you.

Um let me see if I have any other questions.

Uh how have our tours um aligned or supported our city's growth plans or land use plans or even like multimodal transportation plans.

Do we I maybe a bit more difficult if it's not necessarily we're plugging in each time where we do something that it fits a plan, but I just I'm wondering are there are there ever issues with uh maybe not issues, but are there ever uh I guess conflicts um with using tours dollars to then maybe subsidize sprawl or other pieces that may conflict with some of our city plans in terms of growth?

Yeah, through our adopted policy, um I think we talked a little bit about the application process.

Um we definitely have finance do their review.

We as city staff coordinate with other city departments for review.

So if we get an application that comes in for an economic development project, we're working with the economic development program um to see does this align with your goals and priorities.

Same thing for transportation.

Um Rosillo Creek was actually a really good example that involved an annexation.

So we were working at the planning the planning department on their indexation policy to make sure everything was aligned.

Got it.

Thank you.

I'm definitely supportive of having council members on each city tours.

I think it's just to me, it makes some logical sense about uh if it's a property tax increment that we are pushing into a certain zone, we should still have representation by our city to kind of oversee it and govern it and make sure that uh our city's priorities are there if it's it would be our tax laws otherwise.

Um I think this conversation has been extremely helpful.

Um we'll continue to be as we have more council members time in.

Um my continued thought with tours in general is always looking at and I think this is how I operate overall, looking at research on public policy and the way that government use public policy to of course uh address issues in our city.

Well, one of the biggest ones I'm always concerned about looking at uh research done by Rice or by UT Austin about how these can have uh negative impacts on our communities, and so I'm grateful to see that as long as you know we have right folks in place, we're doing the right we got the right policies in place that we're still pushing forward on addressing the actual gaps in our communities and not uh going a different direction.

Um that's always gonna be uh where I would look at these pieces.

So thank you.

Thank you, Mayor.

Councilmember Castillo Angiano.

Thank you, Mayor.

Uh thank you all for the presentations.

Um just wanna say that all the all my council members that spoke really made a really really good point, and I want to second um the council members who mentioned having um at least one council member serve on each tours.

I think that honestly makes a lot of sense.

Um but so I think that when it comes to tours and whether we acknowledge it or not, I think that the city owes a huge debt to the east side.

Um and the way tours was a way to refocus our investment uh in an area that's historically and arguably still to this day just lacks a lot of attention from the city budget.

And although many in the city are kind of attempting to overcome the historic marginalization of parts of each uh sorry, towns of like the east side, the west side, the south side, I think that we kind of still have a long way to go before we reach parity.

Um and we've also kind of incorporated an equity budget tool that's supposed to overcome past divestments, but I think that we often have to push city staff to use it to its fullest extent.

And if Councilman McGee Rodriguez had not pushed for a modified street funding formula, then we might probably still be wishing and hoping that one day our streets maybe would not work uh be worse other than streets that are north of Hildebrand.

And in 2020, the city also declared racism as a public health crisis, which recognized the historical and systemic roots of racial inequalities that led to adverse health outcomes, free communities of color, and this residuance basically just called on us to make investments in education, housing, and healthcare access.

And uh my point is is that if we were to relinquish the inner city tours and any of the tours that we use to you know benefit our community, um I don't think that we would ever see the investment that we have been able to accomplish recently.

Um and these investments need to be made to overcome the injustice of the past and the injustices that are still happening today.

And if it weren't for tools like the inner city tool uh tours or the the rest of the tours that we've talked about today, we wouldn't have such a significant investment, and we probably wouldn't even have um a lot of the projects, you know, even be active.

Um and so like with the inner city tours, we were able to do um like for healthcare, the Frank Bryant Health Clinic, the UIWI Clinic, for education, we did the Healing Murphy Child Development Center, the St.

Philip's College, student housing, and then our cultural assets would be the Hay Street Bridge, the Williams East Side Historical Museum, and then for housing, we have the Townswin Village, permanent supportive housing.

And although we certainly really did not provide the only funding for these projects, we helped get a lot of these projects shovel ready uh in some instances or help the projects reach a critical milestone.

And if we didn't have the tours, like I said, we would have been told to wait for next bond cycle, which I don't think is a good idea because there's a lot of projects that we want to get done, and you know, many of you heard that the east side residents really often criticize the lack of an east side hospital or the fact that we had to close uh nine schools in our area, which was many more than other parts of the town, and we are just seeing some progress here due to the tours.

Um, and so I I don't think that it would be smart for us to utilize our tours money and put that into the into the general fund.

I think that we can probably get creative in uh some other aspects.

Um I I think that it's an optimistic point of view to do that.

Um, but I think it's you know purposeful to see these funds absorbed and um spread thin across the city with no intention of real restorative funding for you know our our our most vulnerable residents.

Um but I think that's pretty much all that I kind of had to add today.

Thank you, Mayor.

Uh Chair anyone else that wanted to be okay.

Um Councilmember Messi Gonzalez.

I just had a quick question.

Um, supportive of of council uh woman Castillo's point on uh council member serving on tours boards, sorry Phyllis, you're gonna get another one.

Um Brooks, right?

I think is that's 11.

Yeah.

Okay, sorry.

But good point, uh councilman.

So um on I know we talk about affordable housing and just want to make sure that we're also focused on home ownership, affordable homeownership, and so I think those developer initiated tours um help in that.

So are they uh the infrastructure costs?

Is that part of I I guess how does that how is that managed in a in a TURS like uh the uh develop the developer initiated ones?

Yes, so the developer will identify how many homes, basically the subdivision that they want to build, the projected cost of building out all of that infrastructure, and we don't uh fund the actual construction of the homes, but what the tours will cover is all of those public improvements in infrastructure costs.

So that's to a maximum amount.

Up to a maximum amount.

Okay.

Okay, just had that question, thank you.

Chairman Gia.

Thank you, Mayor.

I also support councilwoman Castillo's ask about every council member about every tour, city initiative tours having a council member on there, especially if it's in that area of the council district.

Um I think that's a very good point about not having public officials on every single one of those boards.

So I think that's important.

Um I'll just go back to you know, a question Councilman Castillo had about this.

So, you know, when we talked about the revisions and we put in housing, um, additional provisions on housing and the requirement, right?

That if if you're not gonna do affordable housing, that you'll contribute 25% of the tax increment to the city's affordable housing fund.

So I know that it's um uh it was said it was a recommendation.

I think it's it's a policy that should be followed.

Um and so you know, the the major developer that's done it since this one is the Rocio Creek one, right?

They didn't have the option of not doing affordable housing.

They had to give the city or the housing trust acres of land on their property to do affordable housing.

Um so there was no work around on that.

So I think when it comes to the hemisphere tours and what we're gonna do there, there should not be a workaround on that.

We we have to do something that follows the policy that council members put in place.

Um so I think that mixed with what uh council members being added to it will be helpful.

Um I think we have to remember that this is ref this program has been reflective of a previous councils and the work they did.

The decade of downtown um actually did not have affordability in it when it was first conceived.

And so you've seen these projects go forward, um, mostly market rate.

Uh but now there's a uh there's been several councils since that have prioritized affordable housing, uh, and obviously there's a need with the ship.

So I think we we do have to fulfill that commitment as we move forward.

So that's all I'll say about that.

Thank you.

Uh Chair Viegran.

Yeah, I I just want to caution my council uh about I'm not saying council shouldn't serve on tours.

I I think you should think about when you mandatorily make something happen, because you have a council right now that you know you can come and talk to councilwoman Via Gran.

But if you don't have if someone sits in district three that doesn't want to talk to you, they are now sitting on 11 tours boards.

Okay.

The other aspect is that we need to be able to look at this and read our agenda and know what's coming in asking the question.

So uh hemisphere, inner city, mid-town tours, that is great that that we want representation on that, and I think we need it.

The but the other thing is when these come to bond issues, we try and sell it as a citywide project.

So the other thing would be like, why does it have to be a representative from district four or five?

Why can't it be district 10?

They vote more.

District 9 votes more.

So I think we really need to have these conversations.

I appreciate this tours conversation, but I feel like it's turned into something where we need to either go into committee or possibly uh meet in in smaller groups or have a B session and look about just how much we're giving to one council member.

I've I'll find the time to do 11 tours, but I'm not gonna be here forever.

And some of the others aren't either.

So I just want to caution on that.

Um the one thing about tours is it builds needed public infrastructure in areas lacking adequate development to attract business.

It's done that.

It encourages development, thereby increasing property values and long-term property tax collections, and it reduces the cost of private uh development by providing reimbursements for eligible public improvements.

So it it gives us the opportunity to say, hey, we want that affordability aspect.

My council colleague is correct in that the east side was kind of a um an incubator for this, and we need to go back and say what do we need to do better there?

And fortunately for us, we have strong leadership that is sitting here now and strong leadership that's going to come back and we can work on that, but it is going to have a conversation and look at big big pictures.

We all get to vote on the tours.

We all get to pull it and say, no, I don't approve it if it is something that we think is not is not there.

It's why it goes to the committee, but ultimately it comes to us.

So I I just while I I hear your sentiment that you want council representation, just be very wary about doing it through ordinances.

Is there any reason, Eric, we can't just put council members on the tours right now?

I mean, I know I don't sit on on mission, I don't sit on mission driving for a lot of reasons, but um uh I trust that that my tours board members there.

Is there any reason we can't make room for a council member right now without an ordinance?

Those are those are public meetings.

We have to post them, so nothing precludes a council member or anybody else from going.

And and I guess maybe uh let me ask a clarification.

I think what the councilwoman was councilwoman Castillo was talking about was not all the developer tours, it was the city initiated tours that that she was talking about council appointment on, right?

And and can we put do we need an ordinance to put council members on the let me try that one?

We don't need an ordinance change, but the council would have to approve the appointment of the tours board.

Okay, so we can do that without creating an ordinance and make it mandatory.

Without changing the ordinance, correct.

You just need to but I'm gonna parse words here, but but you have to appoint the council member.

So that's it's still a council action.

Correct, right?

You still have to appoint, right?

That's and we do the appointment, don't we?

Okay.

Or yeah.

All right.

I I just think we should appoint the members who want to be appointed to the committees that were mentioned this afternoon.

Has everyone spoken on this I would like to speak?

Councilman Corps?

Thank you, Mayor.

Um I just wanted to say that I've been thinking about how so much of the trickiness about the tours is that it's a kind of a catch-all.

If you don't incentivize development, the develop the tours doesn't increase, and then you can't take money out of there to be able to do other things.

And so as this conversation has progressed, it's made me think about why some of our tours are um have a little bit more funding in them than others, and it's because more development was incentivized, so that development is continuing to create that funding to be able to use.

And so I wonder if one, I mean, I want to thank the mayor for bringing this conversation because we actually haven't had a whole group conversation about this, and it might be a good idea for us to think about how we do budget um goal setting, we could do a tours goal setting where we talk about what are the priorities across the tours so that we can say maybe maybe we want to use funding from one area to help support affordable housing more in from one of the tours because there is the opportunity there.

Um, for example, the hemisphere uh the hemisphere tours that was mentioned, there's really no funding in it.

And HPARC has been like having to fundraise their own operations dollars too just to keep going.

And it's because it's been really hard to get those deals done.

So maybe there's a way that we can say, like, yes, I understand the push of we need affordable housing in this, but also if we don't uh allow for this market rate housing to occur, this development will not occur.

So, how do we do both?

Like, how do we say, as we are putting this term sheet together, we need to at the same time find some funding from somewhere else to incentivize affordable housing right next to it on our um surface lots.

That way we can truly demonstrate that we're living into the goal of trying to build both.

But like right now, I pushed on this.

I was like, why are we not including affordable housing in this?

And I pushed, and he's like, if we don't have affordable housing, how are we gonna get the lease payment back?

Or if we don't have market rate, how are we gonna get our lease payment back to pay the deal?

So I just wanted to reiterate that it's like a catch 22 almost.

And um, I also wanted to give a shout out to um Ian.

And Ian is uh what an amaz like he helps run all of our tours, and I went into the housing conference in July, and everyone was saying how lucky we are because he's so smart and um is really creative and innovative.

And I know councilman Castillo shouted him out, but I just wanted to recognize him for his hard work.

And that's all I said, yeah.

Uh that's all I have, Mayor.

Thank you so much.

Um Councilwoman Castillo Thank you, Mayor.

Overall, I believe tourist policies are very flawed, and that's why I believe with the TIFF policy, right, and the amendments that were made during PCDC are important policies that should be followed, as the council member mentioned.

Um but what we're seeing is the construction facilitation of the haves and haves not, and the the the essentially the hoarding of wealth concentrated in one area.

And I highlight that to say, right, with the construction of the market rate housing, when we know one in five San Antonio families live in poverty, based off of our strategic housing implementation plan goes and the need for deeply affordable housing.

We are constructing and financing unaffordable housing that the majority of San Antonio residents cannot afford to rent and or buy, right?

And when we have these policies and goals and frameworks that we uh engage community develop and take action on, we have a responsibility to ensure that we're following those frameworks and following that policy.

Uh, because if not, again, we're going to find ourselves as a city playing firefighters and arsenis at the same time, saying that we're going to meet our ship goals why while facilitating displacement and facilitating market rate housing again, that the majority of San Antonio residents cannot afford to rent.

Um, so I I think it's important.

I I understand the overall finance structure and the need to increase values to get to capture more uh revenue.

Um but again, right, we're creating this beautiful community downtown, but one in which the majority of San Antonio residents can't afford to live here if they wanted to.

Um so I think it's important to highlight those two pieces, and that's why with those tours boards that do not have representation.

I I had just chimed in to clarify the point Eric raised in terms of right the representation in terms of city initiated tours, not developer initiators.

Thank you, Mayor.

Uh Chair Golvan.

Thank you, Mayor.

Yeah, I think I want to echo a lot what I heard uh the second round, right?

I really want to definitely think we should talk more about the representation because I don't want to mend it anybody's doing too too much.

Uh overwhelming work that they can't do other pieces of their work as well.

It's just I completely hear that.

Um and definitely think it should be focused on the city initiative tours as well.

Um I also want to I completely hear the points uh from my council members or a council colleagues who mentioned about uh you know, these tours have been used for for good reasons too, right?

And I don't dispute that by any means.

There are good things that have come out of these pieces.

Uh that's where my question came from.

Uh, with a could this have been done otherwise, right?

Um and essentially, right?

It could, it's always just to do at our priorities.

Um I guess it it's it worries me in a philosophical sense or in a longer sense of that uh our city council has to rely on these tours to do this work when we have other mechanisms to do this work, and we're just not used in this way.

And that's what I think is frustrating, not only for uh I think I think it's just frustrating overall.

I won't say not only but I think it's just frustrating overall to maybe myself who just kind of use it as like these are things that city should be doing generally, right?

These are things that our city council should be right direction on.

And thankfully they still these items do come to city council to say, hey, maybe that's the wrong one, we shouldn't do it that way, or maybe we should or I support the going forward with this piece.

Um but I guess it just makes me think about I I really appreciate uh Council Record's point on our budget goal setting and maybe how we can incorporate some of these pieces to do that work, right?

Uh maybe it fills in those gaps that uh are discussed in the in the budget conversation, right?

We can all do so much of street lighting this way.

Maybe the tours can help with this part in this place because it's there, right?

Um, but it is that thing that makes you think, well, I wish we just had that money in the city budget overall to then just do it for the street lighting, but then it always goes back and forth of the same catch 22, right?

Well, we'll we think of that without the tours there, right?

Um, we think of the same thing.

I guess that's what my my comments are pointed out is that I I would hope that our council does look at our our budget that way uh as we go forward and in general.

Uh but I think it always comes down to our decisions we make here and our leadership here too, and the way we talk with one another.

So thank you.

Just wanted to clarify those points.

Councilman White.

Yeah, I don't think I buzz back in, Mayor.

Thanks so.

Councilwoman, um, oh sorry, councilman, council Castillo Angiano.

I I I think it's just broken because I I I buzzed in twice today, but yeah, everything that Rick um uh sug and and and council member uh Castillo said I absolutely agree.

Has everyone spoken uh that would like to speak on this?

Okay.

Um thank you to the staff for helping to lay this out.

Um I agree this has been a very helpful discussion as we look at um how some of these things have progressed, how they originated, and certainly how they have morphed into other things as this goes on.

Um I I would um I I don't think we are when we look at our fiscal environment, as we've had briefing after briefing in terms of uh where we're having to take cuts, what the gap looks like in 27, 150 million, what it looks like in 2030, 220 million uh gap in our in our budget.

If we don't help ourselves, I think we are smart and strategic to look at uh how we might be able to help ourselves, and certainly as has been illustrated here, this this is a place to do that.

I think what it's also highlighted, and I appreciate the comments um in particular um uh councilman core mentioned and and certainly um councilman um castillo has mentioned there's an opportunity for us to be deliberate uh so that we're not exacerbating some of the um some of the inequities.

Um while I can certainly appreciate guerrilla housing, um it's a hard story when we're talking to our own folks about housing for gorillas and not affordable housing in our community, right?

So I think there is an opportunity for us to be thoughtful about how um a portion of the TURS incremental can come into the general fund sooner so we can um talk about the investments that meet community needs, not necessarily zip code needs, right?

I would appreciate um the the TIFF policy, I think just to get everybody up to speed.

I would appreciate um some documentation, either Mr.

Elliott or or Miss Garcia about why that that policy wasn't adhered to, so we can kind of learn from that mistake and and how we'll under we can understand that policy would be adhered to moving forward um certainly appreciate that some of these tours uh that are doing quite well, uh, for example, like the midtown tours, that we certainly are going to meet our our financial obligations.

Um Eric would be helpful though to understand where some of these um where can we take in some money um sooner into the general fund, not you know, changing any uh not getting out of agreements um in any way that would cause financial distress, but you know, how might we be able to lay some of these get more money in from some of these tours that are doing quite well sooner into the general fund.

And maybe it's not a maybe it's not a 26 thing, maybe it's not a 27 thing, but again, as we're looking at a 220 million dollar gap in 2030, um, how soon can we understand how we help ourselves through some of these efforts?

You know, Mayor, the I think the councilwoman, councilwoman course suggestion about um when we have a of our a longer-term strategic conversation in the fall about the budget.

I I think and I think one of you mentioned it, this is the first time in a long time that the council sat down to talk about and revisit that policy.

I think we ought to incorporate that into that planning and strategic thought here at the council across those city initiated tours because I think that's missing right now, irrespective of baseball or downtown district or the zoo, it is inconsistent right now.

So I think that's one of the biggest takeaways here, and I think that might help answer part of your question about where in the future does it look.

You know, one of the realities of of the city initiated tours is that funding can go to things like affordable house housing outside the boundaries.

And and uh you all heard Veronica's presentation the other day, we have 30 million dollars in the budget um in the upcoming proposed budget for housing, and it's it's never enough, but how do we leverage those things to be able to make an impact on ship?

I would have we we can definitely fold that into that larger conversation.

I think that will because ultimately all those city initiated tours boards make recommendations that all have to be approved by you all.

You're the ultimate check on that balance.

Um and I think that might help answer some of that question, Mayor.

Okay.

Um in particular though, um, understanding we are bound by some of the agreements at within the TURS, understanding where some of those expire sooner rather than later, I think helps us understand where we have some wiggle room in time, right?

Between now and 27 and and 2020.

As we can we can think about this even now within this within this budget.

Okay.

Yeah, let me let me think through that one on in terms of the the broader budget conversation.

Um because um, but for probably um two or three of the city initiated tours off the top of my head, they've all got like plans.

They may have not come to you all, but I think we need to vet those out a bit more.

I think I think the last time the council had a uh a strategic conversation was during the during uh fall of 21 in advance of the 22 bond program because a number of potential bond projects were removed off that bond list with the with the understanding they were gonna be funded through TURS.

Um and um I think it's worth going through that effort and we'll we'll do some thinking and analysis, Mayor.

Appreciate that.

Thank you again uh uh to the team for for laying this out and um certainly the very thoughtful comments of my colleagues.

Um okay.

All right, let's see.

The time is now three forty six on September third, two thousand twenty five.

This meeting is adjourned.