City Council - Regular Meeting

Reinvestment zone number two meeting Wednesday, August 26th. It can start at 4.09 p.m. We're called to order. B1 is consider approval of the minutes of the August 2024 and August 2025. Chair is number two meetings. Any questions on the minutes? Not from two and three years ago. I'm good. You're good?

All right. So motion to approve. I'll make a motion to approve. Okay. Councilman Wiley second. approved unanimously. B2, receive the Keller Tax Increment Reinvestment Zone number 2, September 30, 2025, annual report, fiscal year 26-27, budget update, and tax year 2026, estimated in-person. Who's leading that, Brian? Yes, sir. All right. All right.

My first comment would be, is there anything else you can call it?

it and you had 20 million extra you just reduce it by 20 million you'd move it to other things yeah basically what they did is they um to the mayor pro temp's point you know uh there was some discussion about that and this is just a laundry list of things that theoretically could be spent it's like it's at the council at the

I think it comes, I believe it comes back to this. Should just come back here. So, yeah, I mean, if you wanted to change it up a little bit or whatever, then we just come back here next meeting and change it up. Okay. Any questions?

I don't think it was, was it? The Union Pacific issue that we... It technically is... Go back to the back. Did we pay for both sides of that road? So you joined at the right time. Yes, we just started. You want to briefly introduce yourself for folks in the room that

from Appleworm? Is that the number? That's the number that sticks in my head. I can't remember which project we're in. It was 60 houses and 45... That was roughly $200,000.

So it's just interesting. I mean, big picture, it's... That's what we've renamed the TIRS, by the way. Economic Development Homes. It's still the TIRS number two. Good? Yeah. About 1.3 in there?

What's on the vision list for this funding bucket? We have the allowable expenditures, right? We have the big picture. Has staff thought about any sort of... Splash patch. Is it like, well, yeah, could be. Or it could be the OTK East side streets.

On that water issue down there, I'm assuming that

There's a for sale sign on that property there between Ridge Point and that northern entrance into Marshall Ridge. That low spot has not affected the value of that property. It's still around 13 million. And four acres of it is not usable.

Interesting. Well, it's getting healthy enough where it's starting to be interesting. So, probably time to start thinking about how much is it accruing? What are the projections for the next three to five? That's probably my last question. So, are there In terms of this, so 27, 28, 28, 29, so we're adding, what, half a million a year?

There's no action to be taken. We just have to receive the report, right? So we're going to adjourn the tax increment reinvestment zone number two. You know, I said 30. Some of us didn't believe it was around five. Maybe we could spend like 15, 20 minutes on this and leave enough time for council questions.

And I think it was always about 160,000.

We have that information. Grapevine could literally remove $150 million from their budget and be on par with the City of Keller. And that's interesting to me because they're roughly the same size population, which literally means the town city, it's the will of the residents, right? But they could send $3,000 on that, I'm like, that's wild. And honestly, a good testament to what we're doing. So yeah, you got the lovies up there. I think that's the right slide.

Okay, and then we're at 40? So the black line up there is R? Yes. Okay. Yeah, we're above our own self.

Yes. So with that security that y'all have done over the years, is that going to make it easier for the magic 50,000 threshold?

at the second meeting September on kind of he's done some research on I don't want to spoil it because I was spoiling it's honest anyway so we'll have an update on it so we understand a better understanding on the 50,000 issue it will and you'll see here in a little bit we have time we've already started addressing some of those concerns with some of the FTE changes we've made Is that accurate? I've been saying it a lot, so I want to make sure it's accurate.

So you're $150, this year is the same as $150, and that $115 monthly next year, no matter what the rates and the accounting stuff is.

Yeah, but I think that's, honestly, it's a good point, but to me, the most relevant thing is the levy, and so the bigger issue is the assumptions. So you're anticipating, what, two to about a quarter million dollars in additional property tax revenue every year. Maybe it's $300,000. It's going to be a little closer to that. Closer to $300,000 in property tax revenue that we're building our assumptions on and an additional about $200,000 in sales tax. Is that right? For the general fund, yes, sir. Yeah. And so as a council, when we're making decisions, I mean, I'm using really wrong numbers, bu

Yeah, really wrong numbers. Like that's kind of where I'm like, okay, you know, we have a couple projects that are in the queue. I can't remember them all right now. I've written them down somewhere. There's like What are they? You probably remember them, Aaron.

I would just say, on I think that's great.

Hey, Marsha, what did the deductibles go from to?

Are you going to show it? If you're covering it, don't skip to it.

So by... Increasing 3%, we save $19,000. Correct. Yes.

we have to pass that on because it's $19,000. But like that $200 a month that Councilman Armstrong is paying, that means a lot more to the individual employee than maybe it does in the context of the city budget.

And I agree. No, it was a good argument.

So the part-time receptionist, is that for the front desk area?

Marsha, what are the titles on the town hall operations personnel?

But yes. They're not sanitation and janitorial.

Would you cover that, or is it going to be covered somewhere?

So you can see... Speaking specifically on AltaVista.

Alonzo's, how much more do we have to go?

We've seen most of this like two or three times.

Do you guys have any, just for the sake of time, do you guys have any big budget questions that you want to ask? No, I'm still, I'm only like halfway through my book anyway.

I think that's why we... There'll be a variety of opinions from residents on that. I'll leave it there. And then on the water tower, probably won't give any opinions. I'm joking.

I'm hoping they're all positive. Is the idea just to... I mean, when I was talking about the water tower, I was just talking about cleaning it up. I think it's cleaning it up in this... what I'm asking is I don't want them running down a lot of different concepts and designs and putting... I would not want to change it, but also I don't think that would go over very well with our... Just so you guys know, from a design perspective, their feedback, is that kind of where you're at?