Master Plannning - Regular Meeting

Okay. Good morning everyone. I think we have quorum now. And I will now call this meeting to order. Miss Rebecca, would you take role?

Chairwoman Kaylin Paxson.

Present.

Board members Roland Barrera.

Here.

K. Sylvia Campos will be participating by Webex. Just don't know if she's online yet. Miss Campos? Okay. Not yet. Eric Antu is absent. Brent Chesney?

Here.

Paulette Guajardo is absent. Gil Hernandez? Here. John Matas is absent. Mike Pesley? Here. Everett Roy?

Here.

Connie Scott is absent. Mark Scott? Here. Carolyn Vaughn?

Here.

Okay. We do have a quorum present to conduct the meeting.

Okay. Thank you. So that leads us on to our next item which is public comment. Do I have anyone here for public comment this morning? And none. Miss Rebecca, do we have any virtual?

No ma'am.

Okay. Excellent. Then that takes us to item number d which is our minutes, the approval of the meeting minutes for October 14. Does anyone have any comments, additions, or revisions?

Ma'am, actually, it's several sets of minutes. So it's October 14, December 9, and January 27.

Thank you for that. They were

And I would like to withdraw the October 14 minutes for 2025. There's an error in the minutes, we're gonna need to go back and correct that. So I'd like to pull that set from consideration today.

Okay. Thank you for that update. Okay. So then we would be approving December 9 and January 27?

Yes, ma'am.

I'll entertain a motion.

So moved.

And a second. Okay motion and second. All in favor aye. Aye. Any opposed nay? Okay those pass. So that brings us to our financial report. Good morning.

A brief presentation here. Oops, sorry. Oh, it's not on. Do I need to state everything again? Okay. Good morning, everyone. Okay. Included in your agenda packet are unaudited financial statements for 03/31/2026. The financial statements include a balance sheet as well as an income statement. I do have a brief presentation on financials here for the tax increment reinvestment zone number two.

Just a quick reminder here on the participants in reinvestment the tax reinvestment zone number two. The city of Corpus Christi does participate in the zone and is currently at 100% with a step down fiscal year 2028 down to 75 and we also have the participation of Noises County in this tax zone at 75% and then we'll eventually start dropping incrementally 5% starting in tax year 2028. Just to recap here of the contributions that have gone to the zone by the multiple taxing entities, I just want to jump to the total column here and highlight the total of 82,000,000 has been invested into tax increment reinvestment zone by multiple entities for development. Next slide is our statement of revenues, expenditures and changes in fund balance as well as a comparison to budget. Going down to your total revenues row, the amended budget is set at $8,200,000 A total of $8,000,000 has been collected for the fiscal year.

So right now actuals are under budget by 121,000 Down to your total expenditure row, total of $11,400,000 has been budgeted for fiscal year 2026. A total of 8,300,000 has been spent as of 03/31/2026. This leaves about $3,100,000 of expenditures pending to be spent. Majority of that is a transfer out to the tax increment reinvestment zone CIP project fund. Overall, we anticipate the fund balance on a budget basis to end the fiscal year with a balance of $472,820 As of March, the fund balance was $3,400,000 This next slide is a schedule of a forecast of funds available for commitments.

And if we start with the first row, your beginning fund balance of 3.4 for fiscal year 2026 is the number we carry over as of March. We forecast out estimated revenues, and we keep those at a 1% growth on taxable values. I just want to highlight and there's a slight discrepancy in our footnote, and I'll talk about that here briefly. But if we look at 2027 to 2028 on your estimated annual revenues, there's a slight drop and that is related to the city's contribution drops from 100% to 75%. And then from 2028 to 2029, there's another decrease in revenues and that is the city and the county's contributions decrease from 75% to 70%.

Therefore, contributions to the zone will drop 5% until they hit a floor of 50%. Next column over are your development commitments. These are for existing contracts, and so we have a projection out of when payments to these contracts would be due. We also have a column for capital commitments, so commitments done to these capital improvement projects, which include the C Wall. And then your last column is admin and other expenditures.

Those are based on the current budget and we forecast those out flat. Overall, if we look at your total estimated balance available for commitments column, we can see the fund balance remains flat as any revenue coming in is being transferred out to replenish the funds used in the CIP projects for the Tax Recommended Reinvestment Zone number two. But in the latter years, you can see there is fund balance available for commitments. This line here is just a recap of your project specific development. A total 21,000,000 has been committed to this program.

These commitments become due only if property tax revenue increment growth is there to meet those obligations. The next slide here is our commitments to the Lake Padre and Whitecap development. Here all our commitments have been met for fiscal year twenty twenty six. A total 13,000,000 has been committed to these developments and we anticipate payments to begin again in fiscal year twenty seven and forward. Next is the capital commitments program here that are funded through the tax increment reinvestment zone revenues a total 36,000,000 has been committed to capital improvements in fiscal year twenty twenty six we see a pending amount of 2,100,000 for the North Padre Island Seawall improvements and if you go back and you line that line right back up to the pending transfer out from the operating fund into the capital improvement fund.

Next slide is a summary of our administration and other expenditures. And on average, the administration for this fund is about 186,000. Here, we also include the other expenditures of the PAC regional maintenance on an average about $2.50 to $2.70, 270,000. And that money just will roll into the TURS number two fund balance. It's an amount that if it's not used, is built up as a savings.

And then there's a nominal amount for management professional services of 5,000. And lastly, we have this slide as a snapshot of your CIP as of 03/31/2026. Total of 38,900,000 has been committed to capital projects from the TURS number two. A total of 18,200,000 has been spent as of 03/31/2026. We do have encumbrances of about 1,400,000. This leaves about 19,200,000 available for these projects. Concludes my presentation and I'll stand by for any questions.

Thank you so much sir do I see any questions from the board?

Can we pull back the CIP projects page again? Thank you.

Okay.

I'll stand by for any questions.

I'm gonna wait and see if our vice chair has any questions real

quick. Okay.

Alright. Seeing no questions from the board, I appreciate your presentation. Thank you, sir. We will move on to item g, which is our presentation section. And our first item is a Dawn and Sandy Billish skate park update. We've been looking forward into this one.

Morning. Good morning, everybody. Cedric Gonzalez, assistant director of parks and recreation. This is a good news item, of course. We have a lot of this this design was community based, so they had a lot of stakeholder meetings and to go over what that design would look like for Village Skate Park. Right now, we just submit we just finished our 6% design review this past Friday. Everything went pretty well. The project is within budget. It's an all wheel design. The approved budget that was 850,000, that was TURS approved board, include shade structure, seating area, lighting, a lot of and really neat design for the skate park.

The location is in that square right there at the Billish Skate Park. We we decided to put it there, one, with the PIPOA putting in their well system and irrigation. It was just the best spot for it. Plus, we leave green space for the organization that use that for soccer and baseball and other sports that play that they play there. So, the next steps, can you say we just finished the 6% design this past Friday.

Everything went well. We met with AEP, the design team, engineering, parks, everything. We looked at the budget of the OPCC. We are within budget. I put in here 90% submittal by July, but that is has been updated to June 8 when the 90% will be submitted.

So that's an update that I didn't have that until we finished with our meeting on Thursday. But that is the 90% due by is due by between June 8 and June 12 that week. Again, what we're looking at here also is the 90% the 100% due, it looks like by August, beginning of August, that'll be assigned and sealed. And what we're looking at for construction wise is more likely going to FMAC, so we can get that started, like I was telling the group, hopefully, by January is what we're shooting for of '27. Get all our ducks in a row, be sure everything we're we're good to go with the design and construction, the bids and all that with FMAC.

The construction we're looking at is 633,000. That's what we're projecting right now. And, again, we are within budget. There is a $70,000 in there for contingency. So, we'll have some monies there as well if they don't find anything within that first thirty days of the project being constructed.

Any questions?

Thank you, Sergio. I appreciate the presentation. What what is the timeline looking like on construction?

January '27. That is

For to begin?

Right.

And an estimated duration of project construction?

I would I would give it at least six months.

January. Okay. And I see our Stoke brokers are in the audience. I know that they've worked hard on this. So thank you for that collaboration. I was hoping that we would get a little bit of a rendering in here of the actual project.

Was it not in there?

There's a there's a type of a picture on your slide. I think that's page two.

Okay. We we put the rendering on the skate park. I guess it didn't make it in there, but I can email it to y'all. It was it was on the design. Yes. It's really, really neat design. Very different than your West Guth and your Coal Park. It's it's really neat. It fits the island and it's it's it's a great and the the team came up with that concept.

Okay. I have a couple questions, but I'm gonna take a few from the board and I'll come back to it. Thank you. Let's see. Board member Puzzley, if I've got you on there right.

Yeah. Thank you. Could we go back to since it's not in our book, can we go back to the slide where you show the location? Okay. And and tell me again why you decided to put it there.

So on the North end, where the PIPOA office is, they just put in some wells in there for the irrigation system, and there's a lot of infrastructure there. We wanna leave some green space as well for the community, for soccer playing, baseball, whatever they might use it for. So that location was gonna be the best spot for the skate park. Plus, I think right there in the middle, I don't have a pointer, but right there close to Gypsy, there is some sort of infrastructure there. I think it's storm water as well. So this was gonna be the best location without disturbing those major infrastructure for the city?

Well, I don't live there, but, you know, if I did, I might have some concern about the noise levels created by the park. Well, you know, you're jammed up against the homes on two two sides of where you've got that located.

Yes, sir. And what I'll do is I'll email the the group where that location exactly is because this doesn't really do a lot of justification on where it's at, but it is pushing a little bit further into the park than right there close to the sidewalk. But I can send that. It's Yeah. I don't have it. It's on the design.

Okay. Well, I I would just look at that very carefully and and be sensitive to the fact that, you know, the noise level created I've I've been around large great parks where they're, you know and rightfully so, they they make a little noise, but you are jammed up close to

Yes, sir.

Residential. Okay. Alright. That's all I had.

Thank you, board member. Sergio, in in

the designs, is is there any consideration to kind of that sound barrier wall that some of these parks may have?

Not at this time, but we can look into that to see if we can

Okay. So at this point with that location, it would just be that there's like a natural fencing right there between the

Right. Yeah. And and it is pushed further into the park than right there by the street and the sidewalk.

Okay.

I I don't have those dimension. I can get those to you. I know it's in the design, but I don't exactly have those right now.

I do know that the that the families there utilize kind of that larger space to that far end a lot for things like baseball, soccer. And has that been discussed with our Stoke brokers, with all the committee and everything, and this location doesn't impede on all that?

Right. It doesn't. And that's one the reason why we left it wanted to leave it there, leave that green space.

Perfect. Thank you. Board member Hernandez.

Okay. In your presentation, you didn't include any pricing as what you expect the cost to be. I'm assuming from the budget from the financial report in the CIP project page, you've spent 83,000. I mean, yeah, for design and you have 766,000 construction.

So, total design, what I took yesterday from the CIP including actually I have it here. The design engineering admin cost, we're looking at a 147 total. K. 633 for construction and then around 70 for contingency. Is that that's what that's what I I have on the CIP and what I came up with yesterday.

You used the term FMAC. Right. Right? So I know what that means, but can you explain that for those who don't know what FMAC is?

Jeff, you wanna take that one? I'll let I'll let the master take that one.

I really care about them.

That's actually a city acronym that we came up with. It stands for Facilities Multi Award Contract. We have four contractors that are under contract, and we any assignment we've got is submitted to them with request for proposals. We get competitive seal proposals, and whoever submits the the lowest cost proposal gets the job. And, this is a program that's under the JOC, job order contracting enabling legislation of 02/02/1969, and staff has the ability on these contracts to administratively award up to $500,000.

Okay. So if it goes above 500,000

It has

to council. Okay. Thank you. Okay.

Board member Roy. There we go.

Thank you for the presentation. I just have a question. I'm thinking about this. As far as access goes, will they technically the parks close after dark?

At 10:00. Yes.

At 10:00. So

because like right now, West Guth, Coal Park, pretty much they can skate up until that period of time, but is it they can access it after dark? There's no fence around it.

There's no fence around there. What we noticed with this one is a lot different than our Coal Park in West Guth because this is within a neighborhood park, So, it's gonna be a little different. Now, the lighting at first on the design was for nightly use, but we did change that in design just for AEP lines, one for maintenance, but two to treat it as a neighborhood park where it used to have a security line that's there now. So, we will be monitoring that as well, the 10:00 use. Of course, if anything comes up after that, we'll let our park compliance if they're still on and PD notify them as well.

So, it will be lit at night for safety reasons?

It will be lit at night for safety reasons.

That's the only question I had. Thank you.

That's a good question. Board member Chesney.

Thank you. The only question I had was the admin cost and engineering cost of think we said $147,000 on an $850,000 project is about 17%. Is that what you all have been seeing, that things have been running? That seems a bit high to me on the admin and administration costs. But maybe that's just what it is. Mean, that's not what we've been seeing, the things have been running. So I just want to make sure that we have enough money in this project to do what we need to do and we're not getting over admin engineering costed on this thing. And I guess what's the breakdown of that one forty seven? If you don't mind, I don't have that right here with me.

So what he's doing there is adding the actual engineering design cost and our internal admin cost. So on our internal admin, admin, we budget at 11% typically, and it is based on actuals. So we have two time sheets in in my department. And it's not just my department. It also covers capital budget office and the contracts and procurement folks that are working on the capital project bid process. And all of these folks have turn in time sheets and it's it's based on actuals. Anything that's left over remains in the project.

So 11% of your of that project 11% of the 17 is internal city cost?

That's correct.

Wow. We've been Well, that's ourselves part at the county.

I mean, we haven't been doing any of that on

on our projects. I guess we need to go back and do that. I didn't know that was going on. Is that going on? Is so is that a a cost that the city's reimbursing itself on every single one of these projects?

So every single capital project. So in engineering services, our we are like a program management office that manages delivery of the projects. So we're typically budget at 6%. We've really been running down as low as 3% on that. The contracts and procurement office that handles the the bids and the capital budget offices are all associated with delivering capital program, and they're legitimately charged to the project as project costs.

So we're not funded out of the general fund. We're not directly funded out of taxes or or rates. Our costs are are covered in with the same other project soft costs like the architectural or engineering costs.

And do you do that on regular city projects?

Yeah. Every single project, we that's how we do it.

So you bill yourself for your own projects at the city too? That comes out of

Absolutely. Yes, sir.

Mhmm. That's interesting.

And that handles That

double taxation? You're paying I'm trying to figure how you do that. You're already getting paid for what you do versus tax dollars and then you're billing against the tax dollar projects?

Let me see if I can explain it. It's part of the

I understand it. I I just don't.

No. It's it's just part of the cost of of delivering the project. So the internal folks that are charged with delivering capital projects are charged against those projects. And the auditors, they they say that we have to do time sheets to do that. So everybody in my department is doing time sheets, and though our costs are are charged against projects proportional to the amount of time they take.

So anything it's not an allocation. It's not immediately taken off. We're usually in arrears and and recovering this based on the the actual time charges. So anything and and we're typically over budgeting for that. That 11% is just budget guidance, and anything leftover falls to the fund balance.

K.

Could you do us a favor, mister Edmunds? And I don't mean to interrupt commissioner Chazni I'm sorry, board member. When we get that missing sheet on the location added to the packet today emailed, could you send us a breakdown of each of these categories of costs in a single sheet? Sure. Pointed at you because you're the most knowledgeable, but to whomever needs to include that, if we could have those both of those documents sent to the board.

Sure.

But the location and then a breakdown of all the costs. Appreciate that. I have a question on the lighting similar to board member Roy's points. You mentioned AEP lighting.

Correct.

In our discussions over another pretty large scale project, there's been a lot of talk about lighting. So if we have a project like this skate park going as close to a residential line as as this is being proposed, Are those 25 foot lights and are they on timers?

They should be on timers. I have to get that more clarified with AEP, but their typical AEP security lights you would see, they won't impede or have any pollution into the back neighbors over there. Because the skate park's gonna be really away from that. The neighborhood right there on, I think it's I know I wrote it down here, on Hawk's Nest. Uh-huh. So it's gonna be further out, you know, away from there. But, these are just security lights once you I don't know if they'd be 25 foot lights. I have to get that design on there because I know we just changed that on the 6%.

Okay.

Instead of having them stadium lights where West Guth and those have, we changed those for sure, so we wouldn't have that light pollution over there.

Okay. But I

can get those specifications for you. We didn't discuss on the specs, we just said, hey, security lights out there so you know, can report any misuse or anything happening.

Yeah. That's gonna be something really important in this dense of residential so they're not going over the fences and things. Right. Okay. Board member Puzzley, were you no. Okay.

I covered my subject.

Okay. Then if if I may, since we have our stoke broker group here, if I may ask them to if they have any insight and they could kind of report this has all been working alongside the vision.

Well, first of all, Cheryl Segrest, Padre Island resident and I guess self proclaimed chairman of the Stoke Brokers. If you want to put up that slide of the location of the skate park one more time, if you don't mind, where it's located. Mister Pesley, like Sergio said, it looks like it's real compacted in there with those residential homes, but truly it's not. And also if you see that little white piece that jets out by the side by the water, that's the dugout for the baseball fields. So we really considered the space needed for the baseball fields there, and that's why it's not pushed up more towards the middle.

In addition, we contacted several of the neighborhood or community soccer coaches, black football coaches and whatnot, to make sure that we were leaving enough room for the soccer goals. Those soccer goals can be moved, but we wanted to make sure because our boys play soccer too, our boys and girls, they do it all. Right? So we were very, very conscious of the fact that we did not want it to interfere with any of the current sports practices that go on there. But I assure you, the community does not use the space.

If you're looking at it the way it is towards the left of that box, you know, there's just so many sticker bursts. You know, it's very hard to maintain, the PIPOA is doing a wonderful job with those wells trying to keep things irrigated and whatnot. I also wanted to say that one other thing that I will be doing and requesting from Councilwoman Paxson is that she and I go together to the PIPOA and give them an update on this project to make sure we're all on the same page. Cause that's been huge for us, the Stoke Brokers. We want to make sure that every community member, advocate is aware of what's going on when and is good with this.

I think we've had a change in the PIPO leadership too. So I've yet to be able to meet with those people, but I did meet with the former leadership and they were very supportive of this. So all of these things y'all are talking about are is considerable. And then one last thing, the lights. That was a big thing that we talked about too as a group.

We don't want we personally whatever the city has to put there is fine, but we personally security lights, yes, but we don't personally want to encourage late night skating at this park by keeping it lit. This is a residential neighborhood. If you're on any of the Padre Island social media pages, I mean, I look at them enough to know what to avoid conflict and confront confrontation on, and that is definitely something. You know? We wanna respect those, neighbors and those people that live in that area, and we don't wanna encourage everybody from all over the city coming in and skating from ten to midnight on this park.

This is for all skill levels. This is for our youth, and we wanna keep it to a neighborhood park like Sergio discussed. So any questions for me on anything or how we got here and as far as meeting about the design? That design that was on that page that they showed, that little snippet next to some of Sergio's talking points, you saw an aerial view of it. The one thing we discussed, which I believe Shane Yee brought to y'all's attention, is the only major change that we're gonna do to that, hopefully, is add in and I know mister Roy understands the skate park lingo, but we are gonna add some connections with some snake runs and which is kind of a little transition piece, you will, pump track, if you will, skate run, pump track additions through the middle and around the edges.

And I know enough to be dangerous to speak the lingo. I really just kinda run the meetings, traffic control, keep people on point, But our other guys were really into that. So those are not costly changes. It's just a matter of how the concrete's formed on there. So we're excited about that. And another reason, and then I'll stop, mister Pusley, is having it close ish to the sidewalks is a good thing. That's gonna cut down on our cost for additional sidewalks needed for people to get to the park. And also the, you know, the mamas that come and park and get their kids to the skate park, it's it's desirable for that too. So I'm done.

Cheryl, I really appreciate all your hard work and the whole committee.

We appreciate y'all. Thank you so much for allowing this to move forward and approving the funding for it. And we really wanna pay attention to the budget as well. We've been very we wanna be good stewards of this money we were rewarded.

Thank you very much, Cheryl. Board member Puzzley.

Okay. So like I said, I don't live here and and but and I've always been this way. We have to be very sensitive to people who live there, who have homes there, who people who go to bed early, and we're gonna have a skate park that's lighted, open till 10:00 at night. I, you know, I think you're you have to be really careful about all that. We we the county has a skate park.

Ours is not jammed up next to a neighborhood, but I've gone out during the day and watched the kids, and they're noisy. And we don't have lights on ours, and we, you know, we close our park early. But I just think those are things we have to be sensitive to. And I realize you're trying to squeeze this into a very small area. But anyway, like I said, the county's not gonna get these phone calls. The city will. And I just wanna

sure What I can say regarding the time of it of it being open, we didn't really speak to that. We didn't give an opinion on that. That's something that that we are very flexible with. I mean, sundown.

Yeah. I I think you're really

I these are As the main advocacy group, I think that we are very flexible on the curfew limit on that park because, again, we want it to be a place primarily for the youth.

So two things then real quick. I am curious what time the county shuts theirs down, but that was really valuable insight. If we can set up kind of a stakeholders update meeting, Sergio, so we can engage the POA because my question mark is, I understand that we close all the city parks at the same time, but perhaps, especially since we have a relationship with the PIPOA there, that may be something potentially that we can look at doing a slight variance on time that maybe matches the county.

Right. No. We we can definitely look at that and we can figure out if it's sun sundown, something we can enforce as well.

Appreciate that. Great insight. Board member Roy.

So it brings me to another thought. This space, and you may know the question of this chairwoman, is that what phase are we it sounds like you're saying that there's sticker bushes and things over in this side. So it's not that space isn't fully developed. Are there other plans in terms of doing anything to improve that area outside of the the the skate park? It's got a baseball.

Right. At this time, no. What we did when we updated our lease with the PIPOA was we had additional we'll do a year mulch remulch to the playground. We added some we added to our route, the sanitation, picking up the trash, adding some trash cans as well. As far as the skate park and that, that's the only upgrades and and upkeep that we have at this point right now.

But on this particular park, will you allow BMX? Or not BMX, but, you know, bikes? You know what

I mean?

All wheels.

Yeah. It's all all wheels.

All levels. Yes, sir. Okay. And the way it's designed, again, adding that snake run-in the pump tracks and whatnot, that is that is the all wheels, all levels. And the design is actually a progression progressive design. So it has pieces and parts for beginner, intermediate, advanced, and and that's how we kind of

No. I think okay. Alright.

Was just something

I I didn't I wasn't aware of, but

I I I kind of understand it. Just comparing it

with West Guth and and Coal Park and the other areas. Okay. Thank you.

Being very conscious of the safety, when we're designing this. That that was one of our main things is how do we keep the little safe from the more advanced, and that was a lot of thought into the design that that we looked at.

Thank you. Thank you, Cheryl. Thank you, guys, everyone who's worked on this so much. This is a huge milestone for the island and I'm I can't be more excited that rather than fifteen years out, we're you know maybe twelve or eighteen. So thank you to everyone who made this possible and to this board who supported the project. That I wraps up that project. We'll move on to our next presentation which is a presentation and discussion on the proposed fiscal year twenty twenty six twenty twenty seven TERS budget.

Thank you so much. Amy Rodriguez, director of management and budget. Today, we're looking at our TERS two proposed f y twenty seven budget. This is our first view of the proposed budget. The second view we'll bring to you on June 23, at which point we'll be requesting your approval prior to proposing the citywide budget.

This first slide is our budget overview. A summary of our financial statement. And just walking from left to right on the columns, the f y twenty five actuals are final audited numbers for f y twenty five. So those numbers give us a solid starting point for how we began the f y twenty six fiscal year, which is our current fiscal year. The f y twenty six adopted budget is the next column.

That's the budget that was adopted when we went through the budget development process for f y twenty six a year ago. The next column is the f y twenty six amended budget. And then the next is f y twenty six estimated actuals. So you'll notice the ending fund balance from f y twenty five is the beginning fund balance in our f y twenty six estimated actuals column. And then we are estimating based on what we know halfway through this current fiscal year where we'll end this year.

So the estimated ending fund balance is just over 1,000,000. That is our beginning fund balance for f y twenty seven's proposed budget and our starting point for the next year in our our planning. You can see for the proposed revenues for f y twenty seven that we are proposing a total of 6,100,000 in revenues. That's a 100% city contribution, 75% for the county on property taxes. And then our proposed expenses is a total of 4,600,000.

This includes the funding for white cap development, administration, and PACRE channel maintenance, as well as the transfer to general fund. The detail for our white cap development is shown on this slide. We have 3,500,000 for the Commodores Drive Bridge and then 650,000 for Encantada Avenue Mobility Bridge. And then we have the administration as well as the Packery Channel maintenance. That concludes my presentation, and I'll stand by for any questions.

Thank you so much, miss Cowley. Do I have any questions of the board for the presentation?

Look at that. You did a financial presentation and no questions yet.

Oh, I spoke too soon. Count. Board member Hernandez.

Okay. So I'm looking at Whitecap. All their projects are infrastructure that's coming to the city at some point for Commodores Bridge Drive Bridge, Kitada Mobility Bridge, and Public Mobility Bridge at Park Road 22. Right? Do we see any issues with their project going forward

or projects? This might be a better question for Jeff Edmonds Or Michael Dice.

Issues construction wise or issues development wise? Development wise. At this point, the development's rocking and rolling. They are wrapping up some of the amenities. I think, actually, all three of their amenities are finished at this point. But Whitecap is still rolling. They've they've got, again, a good product. Obviously, sales are a little slow these days, but that is the market. Hopefully, the interest rates come down and that helps. But at this point, everything's green light.

Okay. Just wanna make sure that if there's any concerns in the future or slowdowns or you know we have to take that into consideration. Right?

Absolutely. Okay. Thank you. Any other questions?

Okay, thank you everybody. Seeing none, this meeting is adjourned.