Employee Benefits Trust - Regular Meeting

It is 10.01 p.m. on June 16, 2026, and I call the Killeen Public Facility Corporation meeting to order. All directors are present. Indicating where all council members are present itself council member Nash King also present from the city staff of mr. Cagle miss Clemens and Miss tank tangling I Need a motion to approve the agenda Acknowledge the motion. I need a motion to approve the agenda.

I

Oh, we did. All right, we're approving the agenda. We will be switching items three and four. That's the only change to it. We're going to flip three and four. Everybody understanding of that?

Yeah.

All right, so now I need a motion to approve the agenda.

Your board. Oh, yeah, right here. Council Member Brown.

Council Member Brown.

I move to approve the agenda with the amendment of switching the order of PFC 2603 and PFC 2604. I second your motion.

All right, the motion was Melissa Brown, I mean, Council Member Brown, and it was seconded by Council Member Kimball. Discussion. Discussion? All in favor? All in favor, vote yes. All opposed, have the same right. Motion carries 60-0. Citizen comments. Do we have anybody for citizen comment?

No one has signed up for citizen comments for the PFC meeting.

All righty. Approval of the minutes. Madam Secretary.

PFC 2601, consider minutes of the Public Facility Corporation meeting of June 17, 2025.

I need a motion to approve the minutes from the Public Facility Corporation meeting on July 17, 2025. Council Member Brown.

Move to approve PFC 2601.

Council Member Kimball. I second it, sir. All right, the motion was made by Council Member Brown and seconded by Council Member Kimball. I need all in favor, yes, all opposed have the same right. The motion passes six to zero. Madam Secretary, agenda item.

PFC-26-02, elect officers.

Good evening. I have, per your bylaws, officers serve two-year terms. And so just to give you a little bit of background, currently Councilmember Kendrick is the vice president of the PFC, and he is in the middle of a two-year term. The other officers, all of the other officers will need to be elected tonight. And so you have the president, you'll need to elect a president tonight, as well as an assistant secretary, treasurer, and secretary. And the assistant secretary has been Mr. Cagle, and the treasurer has been Judith Tangelin, and also interim city secretary Michelle Lawler is available to be the secretary for the PFC at this time. And so for those positions with staff, they are available for those positions to continue. You can take nominations for the president, or there can be a motion made, however you would like to do it.

Anybody want to make a motion? Mayor Solomon.

Thank you, sir. I'd like to make a motion that Councilmember Kendricks be president.

so he is the vice president vice president right now are you you're wanting to to change that up he's got another year of his vice president term but you can make a motion that he'd be president and then we'll need to fill the vice president i do mayor pro temp gonzalez

Second that. All right, there was a motion. Any discussion? No discussion? All right, there was a motion made by Mayor Solomon and seconded by Mayor Pro Temp-Gonzalez. All in favor? Discussion? Seeing that there's no discussion, all in favor? Vote yes. All opposed have the same right. The motion carries five to one. Now we have a motion for the other.

So now you have the vice president position that's open that you can entertain a motion on, as well as the positions that have been held by staff members. And that could be a motion all at once if you wanted to approve Mr. Cagle as assistant secretary, Judith Tinklin as treasurer, and Michelle Lawler as secretary.

Can I get a motion?

Yes, thank you, Sarah, for recognizing. I would like to make a motion for Vice President. I nominate Melissa Brown for Vice President. I nominate Mr. Cagle as Secretary, Ms. Lawler as Assistant Secretary, and Keeping Judith Tanglin as Treasurer. That's my motion. I move to approve.

We had a motion by Mayor Pro Temp-Gonzalez. Council Member Brown.

Second for discussion.

We have a motion that was seconded by Council Member Brown. Discussion.

My question is for the attorney because two of these elected positions are currently filled with interim officers. Would that mean we have to come back once a permanent person is hired to those positions or can we phrase the motion that the individual seated in So can we, no, we cannot, okay.

No, you need to name them, and we can bring it back when those positions become, when there's a changeover, we can bring it back. Okay, thank you. I will, did I hear that the motion was for Michelle Lawler to be Assistant Secretary and Mr. Cagle to be Secretary? That's the opposite of what we've had and some of the documents.

That is – thank you. I need to correct because it was Assistant Secretary for Kegel, correct? And then Secretary would be Lawler. Thank you. I apologize if I misspoke there. Sorry. Thank you.

And I will validate the second on that change.

All right. There was a – A change to the motion made by Mayor Pro Temp Gonzalez and seconded by Councilwoman Brown. All in favor vote yes. All opposed have the same right to vote no. The motion carries six to zero. Madam Secretary.

PFC, excuse me, PFC 2503.

Madam Secretary, we should be on 2504.

Nope, I'm sorry, 2504. Receive an update regarding Avante Legacy Parkview project.

Good afternoon, Ms. Clemmons. We're going to bring him up.

Yes, Mr. Henry Flores Sr. is here with Med House Development for a presentation for you and to answer any questions.

Well, it's not quite good morning yet. But good evening and thank you for this opportunity. I was actually offered the opportunity to be here by phone, but I wanted to be here personally because this is an important presentation. I wanted to thank you personally for the support that we receive from this community in developing this community. LEGACY PARK VIEW, AND SOME OF YOU HAVE ACTUALLY VISITED IT, I INVITE ANYONE TO COME BY, IS 108 UNITS THAT'S EDUCATED TO SENIORS. WE DEFINE SENIOR UNDER THE IRS CODE AS 55 AND OLDER, ONE OF THE LEASEHOLDERS BEING 55 YEARS AND OLDER. It is 108 units, 100 of those units are affordable, and I'll get into the affordability of those units, and eight are market rate. We always have a small component, or usually have a small component of market rate, because sometimes someone's sister wants to live there and isn't income qualified, and so we want the opportunity to help people who have an interest in our properties. If you haven't seen it, again, I encourage you to go buy. It is basically a market rate property that has lower rents. And those lower rents are accomplished through the sale of federal tax credits that we obtained by applying to the Texas Department of Housing and Community Affairs, an agency that acts on behalf of the Internal Revenue Service to provide those credits. So that property, again, 108 units, was about $25 million total cost. Of that $25 million, about $18 million of that came from equity that was provided to us from the sale of the tax credits. So we have less debt. And because we have less debt, we can afford to have lower rents. This is not a Section 8 property. It's not a HUD property. The families themselves are not subsidized. The transaction, what they call the capital stack, is subsidized. But we are able to have significantly lower rents than the market. And for example, and just to give you an idea of who we target, in order to maximize our score with the state housing agency, because this is an exceptional program, the primary shortcoming of this program is it's very, very competitive. This community is located in what's called Region 8 under the Texas criteria. And Region 8 gets one deal, possibly in some years two deals. You have usually as many as 12 to 14 applications from this area. So again, they're funding one out of 10, for example. So it is very, very competitive. We were blessed a few years ago to receive this allocation. Typically, we don't work with the public facility corporation. We've just closed our 58th transaction. We've been in business for over 30 years. My son and daughters have joined me in business. We're family owned. We're based in Austin, but we develop everywhere but Austin. We just love living in Austin. I actually moved there in 1992. I spent my first 15 years working for my hometown, Corpus Christi, in public service as the director of housing for the city of Corpus Christi. I moved to Austin in 1992 when Ann Richards was elected governor. She created the Texas Department of Housing and Community Affairs and appointed me as the first director. So I ran the agency for Governor Richards, was the only person reappointed by Governor Bush, so I had the honor of running the agency for both governors. I left for Governor Bush to work for President Clinton. I served in both terms, and then when Governor Bush became President Bush, I got to work for him as well. So I worked at the state and federal level for Democrats and Republicans. It officially makes me a dinosaur because I don't think you can do that anymore. But I've been in business for 30 years, again, 58 transactions in over 30 different communities. Very proud of this one for a number of reasons, but let me explain again the affordability of that transaction. 108 units, 100 affordable. In order to maximize your score and against very competitive, you have to have units targeting 30% consumers, 30% of the area median income, 50% of the area median income, and 60% of the area median income. What does that mean in income terms? Now I'll give you the thresholds for a family of two, because this is a senior property, so we have very few units that have more than two people. It's either one or two, possibly three, but usually one or two. So for 30%, a family of two can make $19,740, or roughly $1,645 a month. Truly a low-income family. 50 percent of the area of median income is $32,900, or roughly $2,741, about the amount of Social Security that most families receive. And at the very most, 60 percent, and that's considered affordable by national criteria, the 60 percent threshold is $39,480. A family can't make more than that to qualify. Again, a family of two. That equates to $3,290 a month. So these are families who have retired or are living on fixed incomes, Social Security, military benefits. We have a lot of people who work for the city, work for the county, who are retired, who are living in our community. How affordable are the rents? If you're a 30% consumer living in a one-bedroom apartment, your rent is only $410. If you're living in a two-bedroom, your rent, again, at 30%, your rent's $491. We have eight market rate units. What do we charge for a one-bedroom market rate unit? $1,080. That is less than the actual market rent. The market rent in clean, as you probably know, for a one-bedroom is about $1,200. So we're charging less in the market for our market rate units, but significantly less than what we're charging our 30% consumers. Again, $410 versus $1,000. 50% units. On 50% units, the rents are $719 for a one-bedroom. and 861 for a two bedroom. And then the 60% consumers, which again are considered affordable, are considered low income, the affordable rents for them are $873, and $1,046. Again, for a two-bedroom market rate unit in our property, we're charging $1,292. So we're saving families anywhere from $1,000 to about $400 a month in rent for people who are struggling to make ends meet. So we're very proud of that. This property is unique in one other fashion, and I'm extraordinarily proud of this aspect of it. I wish it was my idea. It was actually generated by staff and by a comment a staff person made who is now retired. We are dealing with the challenge of food insecurity in this community. We have properties across Texas, and whether you're in Amarillo or in Brownsville or in Houston or El Paso, Food insecurity is one of the major challenges facing people. We have seniors having to choose between food and medication. That shouldn't be something in the United States that should happen. So one of the things we did on the first floor of our facility is we carved out a commercial kitchen. And if you walk through it, it's a commercial kitchen. It has commercial equipment. It's like a restaurant kitchen. And we leased that kitchen to the Hill Country Community Action Agency for a dollar a year. Can't be free. I got to charge something, but $1 a year. Because of that, Hill Country has been able to start a Meals on Wheels program here in Killeen. As you probably know, the program used to originate in Waco and then go through Belton before it got here. Shipping costs increased extraordinarily, and the fruit wasn't as fresh as it could be, starting off in Waco, going to Belton before it comes here. Now, from this facility, they'll be able to generate 100,000 meals a year for your constituents, including our residents. But more importantly, for every family in Killeen who needs help. Let's see, I clicked through. Again, those are the information I just talked about. You know, beyond that, again, if you haven't visited, I'd be happy to coordinate a visit or just come unannounced because we're always ready for visitors. They all have energy efficient guidelines, whether it's the windows, whether it's the appliances, everything's energy efficient. We have a swimming pool. We have workout facilities. Again, it's a market rate property that has lower rents. And the federal tax credit program, you know, my bachelor's was economics. My master's was public administration. I didn't wander into public service. It was my chosen field. But I will say by the end of my 30-year tenure, I had stopped believing most programs worked. This one works. And the reason I think it works is because it builds this kind of quality with lower rents and helps people who work their whole lives. to do the right thing for their families, to live their faith, and we help them to retire. Or we target working families. So the same thing. For example, a family of four, if this was a working family project, could make up to $49,000, $50,000. A lot of families in Killeen, Texas, would make $50,000 who are living paycheck to paycheck. If they can save $800 a month in rent, it changes their lives. Maybe the kids go to private school or the Catholic school. Maybe the mom goes back to college. Maybe they go to Vegas. But they have an opportunity they wouldn't have otherwise because of this program. This program is extremely... It's one of the few programs that has bipartisan support. During the last, the big, beautiful bill that passed, most programs, as you know, were cut dramatically. This program got a 12.5% increase. Texas gets another $100 million a year to distribute because it has that kind of support at the national level. These pictures are actually the property itself. We have full perimeter fencing, controlled access gate, everything. We have full security on site. Again, we have a swim pool. There is a swim pool. But again, we want people to walk into our community and not ever think it's affordable housing. We want them to think it's their home. That is actually the unit inside. Again, the... We have anywhere from tile kitchen backsplashes to self-cleaning ovens. All the appliances are Energy Star rated. We have nine-foot ceilings because it makes the room feel more spacious rather than having eight-foot ceilings. We try to build a quality that we would be proud to have our families live in. And in fact, I've got four cousins and an aunt who live in my properties because most of my family qualifies. That's the grand opening. You know, we had tremendous support during this process from State Representative Brad Buckley. He deserves a lot of the credit. I won't point him out, but my son and my daughters are in this picture as well. You know, it's my greatest blessing, as is the Mayor Pro Tem as well as others. And we're proud of what we do, but I want to emphasize again, this property would not have been feasible if the city hadn't stepped in as a public facility corporation, because we received the tax credits immediately after the pandemic. Construction costs were about 50% higher than they were before. Interest rates had jumped through the roof. Pricing for tax credits had become depressed. This deal was not going to work. It was only because of staff support and because of this PFC willingness to participate that made this project a reality. One of the things that was discussed when we were trying to accomplish this was we had another deal in the pipeline. We were going to come back and ask for help on that one. That one's called Avanti Legacy Westwood. It's on Illinois. It's now 63% complete. We anticipated being ready for occupancy in November, and we never came back and asked for help for that one because we only asked for help when we needed. And in fact, of the 58 deals we've done, 30 of them have been with public housing, public city corporations, but mostly housing authorities. We try to work with housing authorities because we don't want to work necessarily with the poorest of the poor, but housing authorities do. And we understand there's a need for housing in that situation as well. So we try to balance our activities between building our own portfolio and building others. We've developed over 5,800 apartments, of which we still own 1,900. The rest of them either belong to public housing authorities, public facility corporations, or early in my career when I transitioned from public service to being a developer, I did work for major developers across the country. So often they kept the properties, I just made some money. So, again, the Avanti Legacy Westwood, which, again, is in Illinois, will be 102 units, also senior. When we insert the word legacy into our name brand, because all of our products are named Avanti, the reason we chose Avanti as our brand is because it means advance in Latin. And we're trying to help our families advance to prosperity, not just provide a living environment, especially when we have working families. Our programs are targeted to ensure that those working families progress in their careers. My oldest daughter, Alyssa, who is right next to Mayor Rakos, is actually one of our resident services. The girl with the red skirt in the middle there is my youngest daughter, Alyssa. She's our general consul and senior development manager. And you can barely see my son over my head there. He's Henry IV. There's Henry V now. He's only five, but he's working on Excel already. So again, Westwood's underway. It's on track. We're hoping to work again in the future here in Killeen. We believe in this community. We want to work in communities that have strong veteran presence, retirement presence. We actually have been in conversations with the Housing Authority, with Bruce Whiteside, the current chairman of the Housing Authority, and are trying to acquire Moss Rose Housing Project, which is currently sitting there vacant and starting to have a multitude of issues, so we're hoping to acquire that. We've offered him, I think, north of a million dollars for the property. That's what we're still having those conversations, but we'd like to redevelop that site into family housing.

I'm sorry. I just need to... We just have the Avanti Legacy Parkview project on the agenda.

We don't have the other... Okay. Well, then I will conclude my comments by just saying, again, thank you so much for the help that you provided us. We're proud to be your constituents. If there's any questions that you have, I'm happy to answer it, but... We're here for the long term.

All right. Thank you, sir. Yes, sir. Thank you. And that was a great presentation. I was there at the grand opening, and it is a great facility, and it's a win-win for the citizens and the city of Killeen. So once again, thank you.

Thank you. And again, you know, I've been to a lot of council meetings in my life. I admire your perseverance and your commitment to your community. It's hard work. I really do admire you guys.

Mayor Pro Temp-Gonzalez.

Thank you. Thank you again, Mr. Henry, for that presentation. It was my honor and pleasure to be able to champion the ARPA funds for Meals on Wheels. And then, of course, Ms. Hinkle made the recommendation to go into that facility. But having it in that space, I'm sure it's going to be a huge return on investment if it's not already for the constituents in there, will that project, will the Meals on Wheels facility be able to support the other senior expansion on Illinois, or will we need something separate for that?

You know, we're proud to have been able to provide the space, but Hill Country is actually making all those decisions. I know they're talking to, oh, he was here earlier today, the gentleman from Park and Recreation, I know that they're talking about, because they're going to take their meals to rec centers to be able to provide them. So they're having a congregate program. So it won't be necessary to our new property, because they'll be doing it through the city facilities, but then our residents can go to those facilities.

That's outstanding. Thank you. And then these apartments are what we call truly affordable. And if you have not been into the community, I say just check it out. It's beautiful. So thank you again for your work.

Thank you. Councilwoman Brown? Yes, ma'am.

Mr. Flores, are utilities included?

The amount that I'm quoting as a rent is after the utility allowance has been deducted. So for example, a one bedroom, the rent that we're allowed to charge under the rules is $462. But there's a $52 utility allowance, so the rent that we actually charge the consumer is only $410. So it's net of the utility allowance. But most of the utilities are being paid by the property, just the electrical is being paid by the resident.

Okay, so it's utilities minus electricity.

Yes, ma'am.

What's their current occupancy rate?

Oh, I should have said that already. My apologies. You know, it's 108 units. We have 73 units already occupied. That's about 63%, I think. But there's 22 that have already been approved, and they're moving in. At that point, we'll be at 95 units, which would be 89%. We anticipate being 100% occupied in about 60 days.

Maybe my math is incorrect, but when I add up the number of units for the 30, 50, 60, I only come up with 90 total units. And you said only eight of them are market rates. So where are the other 10?

I'm not following your math, but I'll give you some specificity. There's, again, 108. Under the 30% AMI, there's 12 1s and 8 2s, so that's 20 units at 30%. For the 50% consumers, there's 13 1s and 7 2s, so there's 20 units at 50%. And then at 60%, it's 35 ones and 25 twos. So that's 60. So there's 20 at 30, 20 at 50, 60 at 60, and then the 8 market rate.

Our presentation says 25 and 25 at 60. Okay. That is where my numbers are a little off from this.

Yeah, it's 20, 20, 60, and 8. Okay.

Okay, and then the 874 and the 1,003, did you say that? Was it the 50% or the 60% rent? The 874.

Oh, the 60% rent for a one-bedroom is 873, and the two-bedroom room for a 60% is 1,046. And again, what we're charging is $1,080 for the one-bedrooms and $1,292 for the two-bedrooms for the market rate. And we think those are actually discounted as well because the rents for a two-bedroom, as you probably know, are about $1,500.

Yeah, that is a positive because, again, we have it showing at the 60%. A one-bedroom is $925 and a two-bedroom is $1,100. I'm sorry? Can we pull up the presentation and go back to you?

Oh, yeah, no, it's an error. I apologize for that. And the 925, and I prepared this, so I did it incorrectly. The 925 and the 1100 are the, it's actually 1110, are the rents before the utility allowance. So if you take the 925 and subtract $52 utility allowance, then you get the 873, which we are effectively charging. And then the 1110 minus $64, which is the utility allowance for a two-bedroom, is where you get the $1,048.

Okay, perfect. Is the commercial kitchen finished already?

Is the one, sir?

The commercial kitchen, is that finished?

Oh, yes, ma'am. They've taken possession of it.

Do you know when they plan to start operation from then?

They were hiring staff to be able to start the process. I tried to reach Ashley Johnson today and unfortunately I couldn't contact her, so I'm not exactly sure. But they've got their own keys, they have their own entrance, they have their own dedicated parking. It is part of our facility, but it's theirs, not ours.

Okay. And then is Madhouse also the property management company?

No, ma'am. We don't build or manage our own properties. We're using Asset Living, which is a big national apartment management company, to manage the portfolio. They manage all our properties.

Okay. Thank you.

Yes, ma'am. Of course.

Councilwoman Williams.

It's tired, too. Thank you.

I went to visit the units as well, and I love them, too. And I noticed, too, that they're not far from the local Lions Park or they're not far from HEB. So those grocery stores in those areas are located not far from this. So it's very centrally located there.

Mm-hmm.

It has the Walmart and all those around. So the seniors will still have an opportunity, not far away, but they will have it right within the area to where they can go to those specific places.

That's always part of our matrix to acquire sites is to be sure that we're close to the amenities. There's also a senior center right down the street too. Right, that's right.

That's right. Thank you.

Yeah, we actually bought that land, as most of you may know, from World Destiny Church. It was just sitting there not being used. And Pastor Chad was very helpful. He had been very patient because it took us a long time to close this deal. We owe a debt of gratitude to Pastor Chad as well.

Yeah, and I think that was awesome. Well, that's some good land, too, that you guys have. Go ahead. It's well over there. That's some great land. I remember that. And the one, I guess, so I can't, I shouldn't talk about the other one?

No. Because that's a good site, too. If I didn't have a house, I would have gotten one.

Thank you. There are no Councilwoman Brown.

I just want to make sure I'm thinking of the right one. The one that the PFC kind of oversees, that one is not over there near all those amenities. It's over by Destiny, correct?

Correct.

And then it'll be close to the Colleen Bob Gilmore Senior Center once that reopens.

Correct.

Okay, I just wanted to make sure I was, it's late, we've been here for a while.

Yeah, the one in Illinois does not, again, we did not need to help, so we didn't come to the PFC. We're proud to be here in your community.

All right, with no further council members' questions, I would like to say thank you again, Mr. Flores, for your presentation.

Thank you, and I guess I'll say good night. Yeah, good night. Thank you for your time.

Madam Secretary.

PFC-25-03, receive an update regarding NRP North Killeen Apartments Project.

Good afternoon, Ms. Clemmons. Oh, my bad. Good afternoon, Ms. Tender.

Good afternoon. Mr. Parker is supposed to be on soon, but he had to go about 9.30 p.m., so I'm going to present his slides. I'm going to try to do my best, okay? We have a PFC overview. So the purpose of the PFC structure was to facilitate the development of quality multifamily housing while providing an affordability component for clean residents. Under the agreement, 50% of the units are reserved for households earning 80% of the area median income or less than that. And so he put that in here. Actually the benefits for the PFC in the city was the origination fee pay, a closing that was $350,000. And also the $82,000 payment, a closing for City Parks Department and Cunder Park. Those two items are already paid. What we're still waiting for is the sales commission at initial sale that it will be 250,000 and the cash flow rate after the initial sale. This is going to happen in the future. Another benefit was the 3.5 acres of commercial land not to be encumbered by the lease. What that means is the city or the PFC has control of that land. The listing update, the current occupancy is 91.85%. The PFC unit occupancy is 90%. And the market rate occupancy is 92.8%. And the in place rent per unit, the PFC rent per unit is 1,283. And the market rate rent per unit is 1,680. That's all we have for this presentation. I can take any questions and if I'm able to answer the question, I will. If not, I can relate the question to the NRP group.

Councilwoman Brough.

I'm going to apologize to you now. When was it decided that cash flow would start after the initial sale? Because in the original agreement that we made, and I can't say we, I was here when the original agreement was made, cash flow was supposed to start to the city upon leasing.

Yes, cash flow, according to the agreement, I remember the cash flow supposed to start once they start getting a net income, and then a percentage supposed to come to the city. Unfortunately, he's not here to explain why he changed the presentation to that, so I wanted to ask him when that happened, because I'm not aware of that.

What kind of cash flow have we received from him?

We have not received no cash flow, ma'am, since... The only cash we got was the original fee, the $250,000 and the counterpart.

It makes it very difficult for me to ask you the rest of my questions because it puts you in a very unfair situation. But if the city didn't approve it, then I guess maybe I need to be looking to my right. It's Ms. Clements. If the city didn't approve a change in the agreement to say that we would get cash flow after initial sale instead of when they started leasing and they started getting that cash flow like we had originally agreed upon, how are they able to change that without this body approving that change?

I'll need to go back and look at what actions were taken and what has been taken to be able to really answer that question because we're asking a hypothetical without the actual information. So we need to go back and get that. I need to go back and look at that.

I can 100% tell you that we did not say it was after initial sale. Okay. And I'm really bothered by that, especially with a 92% lease out and occupancy rate. There's clearly revenue coming into them. And so as soon as we can get that information, I would greatly appreciate it. Because by my calculation, we're about two fiscal years behind on collecting annual revenue from them. And then I guess I can direct this back to you. So from the money that we did receive from NRP group, I know 85,000 of that was specifically restricted for improvements at Condor Park. How much do we have left in our PFC balance from what we have received?

We use all this funding to fund business and local businesses. We have to go back and send a list of how we spend it, but we have spent $250,000.

So we received $350,000 and we used?

We used it for local businesses. Okay.

Okay, yeah, if you could please send us the information, that would be appreciated also. Yes, ma'am. So essentially then the PFC has a zero balance.

We currently receive a renting of the billboard. We receive at least, they pay us about, I believe, $1,600 a year. So we have a couple of thousand dollars in the PFC fund.

And that's what NRP pays us?

No, ma'am. The landmark company has a billboard in the land, and they're the ones who pay to us.

Okay. I will withhold any other questions until we get that information. I want to make sure that anything ‑‑ I'm not making any allegations that I can't prove. Yes, ma'am. Thank you.

There are no further questions. Thank you. I would like to entertain a motion to adjourn.

Mr. Speaker, I'll make a motion that we adjourn.

Second.

The motion to adjourn was made by Mayor Solomon and seconded by Councilwoman Brown. All in favor with a show of hands? We are adjourned.