1 00:00:02,450 --> 00:00:08,010 Good morning. It is 9.02. We recall the meeting in the order, first order of business, to ensure that we've met the requirements of the Open Meetings Act. 2 00:00:08,230 --> 00:00:08,590 Yes, ma'am. 3 00:00:08,710 --> 00:00:09,370 Would you call roll, please? 4 00:00:09,710 --> 00:00:09,910 Committee. 5 00:00:10,470 --> 00:00:10,690 Present. 6 00:00:11,190 --> 00:00:11,450 President. 7 00:00:11,910 --> 00:00:12,310 President. 8 00:00:12,890 --> 00:00:13,290 President. 9 00:00:14,870 --> 00:00:15,530 Scammer to appeal. 10 00:00:15,850 --> 00:00:16,150 Present. 11 00:00:16,930 --> 00:00:17,610 Drama can be delivered. 12 00:00:17,950 --> 00:00:18,190 Present. 13 00:00:19,790 --> 00:00:20,330 Very good. 14 00:00:21,210 --> 00:00:23,130 All right. All right. Able, please stand for the pledges. 15 00:00:27,050 --> 00:00:33,390 I pledge allegiance to the flag of the United States of America and to the republic which 16 00:00:33,390 --> 00:00:39,910 which stands one nation under God, indivisible, with liberty and justice for all. 17 00:00:41,430 --> 00:00:50,210 On all my texts in July, I pledge allegiance to the Texas one state under God, one and indivisible. 18 00:01:02,190 --> 00:01:05,190 Next is public comment. Citizens may present public comment at this time, 19 00:01:05,290 --> 00:01:09,610 limited to a total time of three minutes per speaker unless the speaker addresses the board 20 00:01:09,610 --> 00:01:13,310 through a translator, in which case the limit is a total time of six minutes, 21 00:01:13,310 --> 00:01:17,110 Each proposed speaker must have completed and submitted a speaker card prior to the 22 00:01:17,110 --> 00:01:21,350 commencement of the meeting, identifying any agenda, item, numbers, and topics the speaker 23 00:01:21,350 --> 00:01:22,650 wishes to address with the board. 24 00:01:23,230 --> 00:01:27,410 By law, the board may not deliberate, debate, or take action on public comment, but may 25 00:01:27,410 --> 00:01:29,130 place the item on a future agenda. 26 00:01:29,430 --> 00:01:30,590 We have no public comment. 27 00:01:30,990 --> 00:01:36,190 Next up, consider approval of the minutes for the meeting held on December 16, 2025. 28 00:01:40,030 --> 00:01:40,790 I'm at present. 29 00:01:40,950 --> 00:01:42,730 I've reviewed the minutes and moved to approve. 30 00:01:45,270 --> 00:01:45,650 Thank you. 31 00:01:45,830 --> 00:01:46,690 We have a motion and second. 32 00:01:46,690 --> 00:01:49,490 Any further discussion? All those in favor? 33 00:01:50,070 --> 00:01:50,370 Aye. 34 00:01:50,810 --> 00:01:52,390 Any opposed? Motion carries. 35 00:01:52,850 --> 00:01:55,970 Next up, consider approval of contract with the Street Plans Collaborative 36 00:01:55,970 --> 00:01:58,870 for activation planning and execution on Panther Island. 37 00:01:59,590 --> 00:02:00,090 Morning, Susan. 38 00:02:08,520 --> 00:02:13,480 So this morning for your consideration is a contract for an activation consultant partner 39 00:02:13,480 --> 00:02:18,760 that we've been talking about for some time that we know that activity on the island 40 00:02:18,760 --> 00:02:23,520 is going to be really important to generate support and attention for the initial projects 41 00:02:23,520 --> 00:02:30,940 projects that are planned to commence. And so we went through an RFP process. We had a 42 00:02:30,940 --> 00:02:36,360 really good response. Eight proposals were received. We interviewed four, some really 43 00:02:36,360 --> 00:02:41,300 qualified teams, and we ultimately decided on street plans. One of the things that 44 00:02:41,300 --> 00:02:45,600 they will be doing as a deliverable for us is that they'll be working with us to 45 00:02:45,600 --> 00:02:50,340 identify areas on the island that make sense, including our phase one area, helping 46 00:02:50,340 --> 00:02:57,900 us identify partners and projects. They may be temporary installations. They may be events, 47 00:02:58,080 --> 00:03:04,040 those kinds of things that will take place. And they'll be helping us have a deliverable 48 00:03:04,040 --> 00:03:11,340 plan for three potential activities for the first year. Eventually this will be turned 49 00:03:11,340 --> 00:03:14,500 over as a PID activity. You know, we've got the Public Improvement District that 50 00:03:14,500 --> 00:03:19,020 we anticipate the City Council will be considering on February the 10th and this will align 51 00:03:19,020 --> 00:03:24,120 with the work that they're to do going forward in the near term 52 00:03:24,120 --> 00:03:26,980 because we will be the management partner for the PID. 53 00:03:27,600 --> 00:03:30,030 We'll get this stood up and then eventually it'll be overseen 54 00:03:30,620 --> 00:03:32,740 by that organization once it's formed. 55 00:03:33,580 --> 00:03:35,040 But I'd be happy to answer any questions. 56 00:03:42,220 --> 00:03:45,180 Susan, this is just a one-year engagement, correct? 57 00:03:45,360 --> 00:03:48,620 Yes, and in fact the term, we're likely to be finished 58 00:03:48,620 --> 00:03:50,120 with the project in about six months. 59 00:03:51,820 --> 00:03:53,220 But it is a one-time engagement. 60 00:03:54,740 --> 00:04:02,040 Susan, I can recall from our committee meeting, you said that Street Plains has done several 61 00:04:02,040 --> 00:04:04,900 other similar type of projects in Texas. 62 00:04:05,340 --> 00:04:05,760 They have. 63 00:04:06,320 --> 00:04:12,360 The lead is out of San Antonio and actually they have a local partner with Better Blocks 64 00:04:12,360 --> 00:04:15,760 which is out of Dallas and so they've done a lot of interesting projects all over the 65 00:04:15,760 --> 00:04:16,060 country. 66 00:04:16,700 --> 00:04:20,420 And what we found most interesting about them is the examples that they had ranging 67 00:04:20,420 --> 00:04:25,100 from very immature locations like we are right now 68 00:04:25,100 --> 00:04:26,240 to very mature locations. 69 00:04:26,620 --> 00:04:28,100 And so over time, they could prove 70 00:04:28,100 --> 00:04:30,140 to be a really beneficial partner to us. 71 00:04:30,840 --> 00:04:31,160 Excellent. 72 00:04:33,500 --> 00:04:35,820 I'd move approval of agenda item number four. 73 00:04:37,570 --> 00:04:37,850 Second. 74 00:04:38,370 --> 00:04:39,350 We have a motion and a second. 75 00:04:39,470 --> 00:04:40,170 Any further discussion? 76 00:04:41,530 --> 00:04:42,230 All those in favor? 77 00:04:42,730 --> 00:04:42,930 Aye. 78 00:04:43,530 --> 00:04:43,870 You oppose? 79 00:04:44,230 --> 00:04:44,950 Motion carries. 80 00:04:45,230 --> 00:04:45,550 Thank you. 81 00:04:45,930 --> 00:04:47,970 Next up, consider adoption of resolution 82 00:04:47,970 --> 00:04:50,290 for Panther Island Canal connection fee. 83 00:04:51,110 --> 00:04:56,870 So, as you may recall, we've been under development for a canal connection fee for some time. 84 00:04:57,250 --> 00:05:02,790 Our strategy for implementation of the canal system is to use revenues that are contributed 85 00:05:02,790 --> 00:05:07,430 by developers as they come on board and along with land sales to fund future phases 86 00:05:07,430 --> 00:05:09,210 of the canal system beyond phase one. 87 00:05:09,950 --> 00:05:15,170 So one of the things that we did is spent some time thinking about what our purpose 88 00:05:15,170 --> 00:05:15,870 was for it. 89 00:05:15,870 --> 00:05:18,610 And so, of course, we need to recover a reasonable share 90 00:05:18,610 --> 00:05:20,870 from those private landowners and developers, 91 00:05:21,470 --> 00:05:24,130 but we also need to have sufficient resources 92 00:05:24,130 --> 00:05:25,870 to plan for the system over time. 93 00:05:26,450 --> 00:05:30,350 So we worked with Kimmelhorn to develop a cost estimate 94 00:05:30,350 --> 00:05:34,350 in $20.25, and of what could be recovered 95 00:05:34,350 --> 00:05:35,630 through a canal connection fee, 96 00:05:35,730 --> 00:05:37,050 it has to have an access to drainage 97 00:05:37,050 --> 00:05:38,430 to assess a fee like that. 98 00:05:39,050 --> 00:05:42,250 We anticipate the cost is about $180 million. 99 00:05:42,950 --> 00:05:45,390 That's less than the total canal system 100 00:05:45,390 --> 00:05:48,670 because you've probably heard the number about 210. 101 00:05:49,650 --> 00:05:53,470 And part of it is because we're only using the attributes that are specifically for the drainage 102 00:05:53,470 --> 00:05:57,210 and operations of the canal system rather than some of the aesthetic attributes that 103 00:05:57,210 --> 00:06:01,430 can't be recoverable through a fee. So this is our baseline in terms of how we've established 104 00:06:01,430 --> 00:06:05,490 the fee. The other thing that we did is we spent some time 105 00:06:05,490 --> 00:06:09,750 thinking about what the implications would be of a fee. And we know that we needed to 106 00:06:09,750 --> 00:06:13,590 think about what I'll call the tipping point of developer cost. 107 00:06:13,590 --> 00:06:17,710 we know that it's going to be more expensive in some ways to develop on the island, but 108 00:06:17,710 --> 00:06:22,630 we also need to be cognizant of not negatively impacting the pace and quality of development 109 00:06:22,630 --> 00:06:27,230 because we know we need the revenue stream for the canals, but more importantly, the 110 00:06:27,230 --> 00:06:30,750 TIF performance is really critical as well because we've got a lot of investment there 111 00:06:30,750 --> 00:06:34,570 and benefit from the revenue that will be generated in a timely way. 112 00:06:34,970 --> 00:06:38,990 We also know that any additional costs that we put on a project are going to have 113 00:06:38,990 --> 00:06:43,950 of pressure on city incentives because many of the projects, including the first one that 114 00:06:43,950 --> 00:06:47,990 we're working with, has a gap that they've projected in terms of their ability to develop. 115 00:06:49,210 --> 00:06:53,070 So this is, and I've got a handout for you, and you don't need to study this, but what 116 00:06:53,070 --> 00:06:57,530 we wanted to do is make sure that you had an understanding of the effort that we 117 00:06:57,530 --> 00:06:59,850 had gone through just to understand comparative development costs. 118 00:07:00,330 --> 00:07:04,890 This is a really difficult exercise to get to apples and apples, quite frankly, because 119 00:07:04,890 --> 00:07:05,910 every site is different. 120 00:07:05,910 --> 00:07:11,530 Initially, we even started out thinking about what's the average cost on Panther Island of the impact of these different things, 121 00:07:11,590 --> 00:07:17,930 but it varies so widely depending on the existing infrastructure of streets and things like that that it becomes a kind of a challenge. 122 00:07:18,290 --> 00:07:25,890 So what we spent some time doing is looking at various settings and things that may be an additional pressure. 123 00:07:26,170 --> 00:07:30,910 And so where you see red are things that could be additional costs that are not incurred elsewhere. 124 00:07:30,910 --> 00:07:38,570 So for example, a canal connection fee, that'll be an additional cost that doesn't exist in other places, including downtown. 125 00:07:39,490 --> 00:07:46,810 The stormwater laterals will be an expense. Those are the connections to the canal system that, again, that's completely missing infrastructure right now. 126 00:07:47,370 --> 00:07:54,790 There is a transportation impact fee that the city assesses on Panther Island that doesn't apply to downtown and many other areas within the central city 127 00:07:54,790 --> 00:08:00,730 because the existing street capacity is already there through the arterial network. 128 00:08:01,050 --> 00:08:04,250 And so that's an additional cost that could happen on the island. 129 00:08:04,410 --> 00:08:10,050 There's other areas across the Frisco, for example, has a transportation impact fee as well, 130 00:08:10,110 --> 00:08:12,390 so there are other communities that assess that. 131 00:08:13,010 --> 00:08:15,070 We've got water and wastewater impact fees. 132 00:08:15,290 --> 00:08:18,470 We also know the electrical system. 133 00:08:18,990 --> 00:08:23,650 There's triple redundancy downtown, so that's kind of an unknown site-by-site cost 134 00:08:23,650 --> 00:08:27,230 that happens downtown that could be a negative thing to them, but we also know that on the 135 00:08:27,230 --> 00:08:31,350 island we're talking about undergrounding utilities and also expanding the capacity there. 136 00:08:31,470 --> 00:08:34,610 So we think that's an area that could be a challenge. 137 00:08:35,310 --> 00:08:39,570 The roadway improvements, we know that they are likely because even in places where the 138 00:08:39,570 --> 00:08:45,030 capacity in the streets exist, the condition of the streets don't match what the form 139 00:08:45,030 --> 00:08:46,430 based code would imply over time. 140 00:08:47,110 --> 00:08:52,830 And then finally that we do have a public improvement district that will be similar 141 00:08:52,830 --> 00:08:56,990 to downtown. So the next thing we did is we spent some time just comparing to 142 00:08:56,990 --> 00:09:02,130 downtown because that's the most adjacent and similar place and you can see 143 00:09:02,130 --> 00:09:08,470 that and we tried to look at a typical project of a two-and-a-half acre site and 144 00:09:09,550 --> 00:09:13,850 looking at what they might develop there and the canal connection fee that 145 00:09:13,850 --> 00:09:17,170 we were recommending and I'll get to that in just a minute is $11.80 per 146 00:09:17,170 --> 00:09:22,110 land square foot that's 40% of the total cost and I'll explain that a 147 00:09:22,110 --> 00:09:26,250 a little bit further in a minute, but you can also see that the transportation impact 148 00:09:26,250 --> 00:09:32,570 fee could have, it's a $411,000 average cost if you look across the island about what it 149 00:09:32,570 --> 00:09:38,490 might look like to apply the entire infrastructure need across the island by per square foot, 150 00:09:38,790 --> 00:09:44,410 but because that fee is driven by land use, if you look at a typical project with a commercial 151 00:09:44,410 --> 00:09:50,910 component as well as a residential component, the sample case has a $1.7 million additional 152 00:09:50,910 --> 00:09:59,390 cost by the city. And so, again, the development on the island could be between 1.7 and 3.4 153 00:09:59,390 --> 00:10:03,910 million dollars more than a typical site downtown. There's offsets to that. The land values, 154 00:10:04,090 --> 00:10:08,050 which I know are fluctuating now on the island with anticipation of what's about to develop, 155 00:10:08,490 --> 00:10:13,910 but also you would expect that they're more expensive downtown. They've also got some 156 00:10:13,910 --> 00:10:17,930 rights, including unlimited heights that are not enjoyed by some of the other restrictions 157 00:10:17,930 --> 00:10:24,890 and other areas that we look at, and, again, that may translate into lower land prices 158 00:10:24,890 --> 00:10:28,270 on the island, but, again, that will continue to shake out. 159 00:10:28,430 --> 00:10:35,710 So I guess the moral of the story is that it's going to vary a lot site by site, and 160 00:10:35,710 --> 00:10:39,450 as we get development off the ground, we, in partnership with the city, are going 161 00:10:39,450 --> 00:10:42,830 to be looking at each one of these projects to figure out the impacts are for them, 162 00:10:43,210 --> 00:10:45,910 what makes sense to incentivize, and so on. 163 00:10:45,910 --> 00:10:54,250 But meanwhile, going and establishing our canal connection fee allows us to convey to the city the investment that this organization is making and an appropriate 164 00:10:54,910 --> 00:10:56,390 Split in cost 165 00:10:56,950 --> 00:11:02,370 I'll get to that here. So we are recommending right now a collection rate of 40% 166 00:11:03,630 --> 00:11:09,710 In to compare that to the transportation impact fees there between 40 and 50% is what the city 167 00:11:10,870 --> 00:11:15,950 typically charges in areas that do have a transportation impact fee on the island right 168 00:11:15,950 --> 00:11:16,190 now. 169 00:11:16,310 --> 00:11:19,710 They are actually at 100 percent, and we'll be having discussions with them over time 170 00:11:19,710 --> 00:11:20,730 about what that looks like. 171 00:11:21,670 --> 00:11:27,230 How we landed there is that we own about 40 percent of the developable land area 172 00:11:27,230 --> 00:11:31,810 on the island right now, and so it seems sort of reasonable for us to start there 173 00:11:31,810 --> 00:11:37,990 and see how that correlates with land prices and developer selling their, developing 174 00:11:37,990 --> 00:11:38,570 their land. 175 00:11:38,570 --> 00:11:40,530 And that could change over time. 176 00:11:40,670 --> 00:11:45,250 We could increase that as we decide that there's a need for us to have additional funding for 177 00:11:45,910 --> 00:11:48,250 successful implementation of the remainder of the canal system. 178 00:11:49,430 --> 00:11:54,130 There could be instances, as I noted here, that we've left open the opportunity for discounts 179 00:11:54,130 --> 00:11:58,990 and incentives as we choose to accelerate projects that would benefit TIF revenues. 180 00:11:59,330 --> 00:12:02,530 So, you know, again, it's sort of a lot of different ways that we benefit from 181 00:12:02,530 --> 00:12:03,250 development occurring. 182 00:12:03,410 --> 00:12:05,830 So we'll just have to weigh each of those as the projects come forward. 183 00:12:05,830 --> 00:12:10,750 The other thing I'll note is that this fee applies to every property on the island because 184 00:12:10,750 --> 00:12:14,310 they all benefit from the drainage attributes, whether they're adjacent to the canal or not. 185 00:12:15,910 --> 00:12:20,590 However, developers who are canal adjacent in future phases, we would anticipate them 186 00:12:20,590 --> 00:12:22,630 making the investments in the Paseo improvements. 187 00:12:23,230 --> 00:12:27,030 And so there are some credits that they would receive for costs actually incurred 188 00:12:27,030 --> 00:12:31,710 against fees otherwise due that we will put together a structure for. 189 00:12:31,710 --> 00:12:39,630 The other thing that we've committed in the resolution is that no more than five years 190 00:12:39,630 --> 00:12:46,030 will elapse without a review of the estimated construction costs. We'll update that. We'll 191 00:12:46,030 --> 00:12:50,470 also have a discussion as appropriate about the collection rate periodically over time. 192 00:12:50,910 --> 00:12:55,330 We sort of captured it in $20, $25 right now, not knowing when different segments 193 00:12:55,330 --> 00:12:59,070 of it will come on board. And so it's a little bit frozen in time, but that five-year 194 00:12:59,070 --> 00:13:03,210 horizon will probably more than capture what our issues are for this first phase as we're 195 00:13:03,210 --> 00:13:08,450 moving forward and getting development going. But with that, I'd be happy to answer any questions 196 00:13:08,450 --> 00:13:09,190 that you may have. 197 00:13:12,540 --> 00:13:19,060 And Susan, the canal system will serve as the primary stormwater conveyance for the 198 00:13:19,060 --> 00:13:23,000 island, correct, in lieu of traditional underground, although you'll have underground 199 00:13:23,000 --> 00:13:24,200 to connect to the system. 200 00:13:24,520 --> 00:13:25,240 That is correct. 201 00:13:26,340 --> 00:13:31,140 And if they connect directly to the canals, there won't be any detention required? 202 00:13:31,140 --> 00:13:32,560 are usually on the sites? 203 00:13:33,180 --> 00:13:37,200 So actually, we are, right now the form-based code 204 00:13:37,200 --> 00:13:39,400 actually prohibits on site detention, 205 00:13:39,540 --> 00:13:41,280 although theoretically they could do some 206 00:13:41,280 --> 00:13:43,880 underground storage, shouldn't be required. 207 00:13:44,500 --> 00:13:46,840 Now, our delivery of the canal system 208 00:13:46,840 --> 00:13:50,940 is going to dictate what is ready for development 209 00:13:50,940 --> 00:13:53,840 and we've included in the canal system manual 210 00:13:53,840 --> 00:13:57,620 the ability for them to either build additional segments 211 00:13:57,620 --> 00:13:59,700 of the canal at their expense, no less than a block 212 00:13:59,700 --> 00:14:03,060 or in very rare instances do on-site detention 213 00:14:03,060 --> 00:14:04,980 for some temporary period that we have an agreement 214 00:14:04,980 --> 00:14:06,740 for how that would be removed over time 215 00:14:06,740 --> 00:14:07,860 if they're getting on the periphery 216 00:14:07,860 --> 00:14:09,860 of what we're ready for from an infrastructure standpoint. 217 00:14:10,320 --> 00:14:14,320 But generally speaking, wherever we're ready to serve, 218 00:14:14,440 --> 00:14:16,200 there should be no on-site detention required. 219 00:14:16,740 --> 00:14:17,140 Excellent. 220 00:14:17,840 --> 00:14:19,100 That's definitely a huge factor 221 00:14:19,100 --> 00:14:20,400 in comparing all these costs. 222 00:14:20,540 --> 00:14:20,840 That's right. 223 00:14:21,720 --> 00:14:23,600 There should be cost savings associated with that. 224 00:14:24,380 --> 00:14:26,980 And so that you said you mentioned temporary detention, 225 00:14:26,980 --> 00:14:32,480 So that's if a private landowner somewhere outside of our kind of core development zone 226 00:14:32,480 --> 00:14:35,560 would be allowed to go and develop their property now if they wanted to. 227 00:14:35,660 --> 00:14:36,080 That's right. 228 00:14:36,120 --> 00:14:37,020 To accommodate that. 229 00:14:37,100 --> 00:14:37,380 That's right. 230 00:14:37,780 --> 00:14:41,300 Yeah, we didn't want to preclude anybody from advancing if they chose to, but we also need 231 00:14:41,300 --> 00:14:45,980 them to participate in how that would be managed effectively in correlation with 232 00:14:45,980 --> 00:14:46,720 what we're ready to build. 233 00:14:47,420 --> 00:14:48,040 That's great. 234 00:14:48,820 --> 00:14:51,380 And one other thing was the five-year timeline. 235 00:14:51,660 --> 00:14:55,700 I didn't, I can't find it now, but you said five years. 236 00:14:55,700 --> 00:14:57,800 Is that a not to exceed five years? 237 00:14:57,980 --> 00:14:58,380 Not to exceed five years. 238 00:14:58,380 --> 00:14:59,820 If potentially review the... 239 00:14:59,820 --> 00:14:59,980 If potentially review the... 240 00:15:01,800 --> 00:15:08,420 That's correct. It's not to exceed five years. So if there's a point in time earlier than that that we wanted to discuss that we're certainly able to do that. 241 00:15:08,800 --> 00:15:21,940 I definitely want to encourage people to develop sooner rather than later. And I want that to be sure that everybody knows, you know, these fees can and probably will go up at some point. So come on. 242 00:15:22,580 --> 00:15:22,860 That's right. 243 00:15:24,400 --> 00:15:27,800 Here we go. Any additional questions? 244 00:15:31,270 --> 00:15:32,770 It needs to take action on the resolution. 245 00:15:33,770 --> 00:15:35,790 I move to approve agenda item number five. 246 00:15:36,410 --> 00:15:36,670 Second. 247 00:15:36,990 --> 00:15:38,610 We have a motion in second. Any further discussion? 248 00:15:39,630 --> 00:15:40,630 All those in favor? 249 00:15:41,070 --> 00:15:41,470 Aye. 250 00:15:41,850 --> 00:15:43,230 Opposed? Motion carries. 251 00:15:43,670 --> 00:15:44,070 Thank you. 252 00:15:45,270 --> 00:15:51,210 Next up, consider approval of contract with Southern Tanical Landscaping for Airfield Falls Landscape Maintenance. 253 00:15:51,590 --> 00:15:52,230 Good morning, Darryl. 254 00:15:52,930 --> 00:15:53,490 Good morning. 255 00:15:53,490 --> 00:15:54,350 So, 256 00:15:56,610 --> 00:16:00,850 Airfield Falls Conservation Park's a little gem in our system over on the west side. 257 00:16:01,410 --> 00:16:09,530 It celebrates the impact that air defense has had on Fort Worth and blends that with a demonstration 258 00:16:09,530 --> 00:16:13,050 garden for water conserving plants, native and adaptives. 259 00:16:13,870 --> 00:16:19,330 The maintenance of that, or you can just go to see the county's largest natural water 260 00:16:19,330 --> 00:16:19,650 fall. 261 00:16:20,450 --> 00:16:24,710 So, the native and adaptive plants require some specialty care, so this contract before 262 00:16:24,710 --> 00:16:29,590 for you is to view the slide. 263 00:16:29,870 --> 00:16:34,050 The contract before you is for the maintenance of the walk 264 00:16:34,050 --> 00:16:37,050 of 1,000 plants, as the ops affectionately calls it, 265 00:16:37,070 --> 00:16:39,590 because there are so many plants down that walkway. 266 00:16:40,730 --> 00:16:41,710 We put this out for bid. 267 00:16:42,170 --> 00:16:44,490 Southern Botanical is the low bid and also the best bid. 268 00:16:45,090 --> 00:16:48,090 The reason it's coming to use, it's a one-year term 269 00:16:48,090 --> 00:16:50,110 with four options to renew, which 270 00:16:50,110 --> 00:16:52,430 brings the total to the level that 271 00:16:52,430 --> 00:16:54,330 requires board threshold board approval. 272 00:16:54,950 --> 00:16:57,570 So we're asking for you to approve the contract 273 00:16:57,570 --> 00:17:00,850 with Southern Botanical for $38 274 00:17:04,050 --> 00:17:04,570 ,000, 275 00:17:04,730 --> 00:17:07,190 sorry, $34,980 to our 28 cents 276 00:17:07,190 --> 00:17:11,110 for a potential spend of $174,911.40. 277 00:17:13,190 --> 00:17:15,670 Darryl, is this for all of the landscaping there 278 00:17:15,670 --> 00:17:17,310 or just related to some of the flower beds 279 00:17:17,310 --> 00:17:18,550 and things along the walkway? 280 00:17:18,750 --> 00:17:19,690 It's all of the landscaping. 281 00:17:19,710 --> 00:17:20,030 It's all of it. 282 00:17:20,090 --> 00:17:20,310 It's all of it. 283 00:17:20,370 --> 00:17:20,430 It's all of it. 284 00:17:20,430 --> 00:17:20,690 It's all of it. 285 00:17:20,690 --> 00:17:20,850 It's all of it. 286 00:17:20,850 --> 00:17:25,610 It's all of it. 287 00:17:25,610 --> 00:17:33,630 The special landscaping requirements that they are requiring is basically identifying the natural plants versus the non-natural plants. 288 00:17:33,790 --> 00:17:39,950 And as Darrell said, sometimes other landscapers will take natural landscaping as weeds and start pulling them. 289 00:17:41,870 --> 00:17:45,970 So it's not a matter of needing special irrigation or anything like that. 290 00:17:46,030 --> 00:17:51,410 It's just making sure that they understand what is not native and what is not and how to take care of it. 291 00:17:54,600 --> 00:17:59,520 And now you said they had experience with natural landscaping as well. 292 00:17:59,560 --> 00:18:02,820 Yes, their southern pretentive has the contract and they do the conservation garden down here 293 00:18:02,820 --> 00:18:05,300 and the one at the end of the North Annex 294 00:18:08,600 --> 00:18:10,120 for agenda item six. 295 00:18:10,380 --> 00:18:12,140 We have a motion to second any further discussion. 296 00:18:13,260 --> 00:18:14,140 All those in favor? 297 00:18:14,800 --> 00:18:15,160 Aye. 298 00:18:15,380 --> 00:18:15,700 Any opposed? 299 00:18:15,780 --> 00:18:16,020 Thank you. 300 00:18:16,180 --> 00:18:16,800 Thanks, Darryl. 301 00:18:16,980 --> 00:18:18,460 It's a beautiful place out there if you haven't been. 302 00:18:19,920 --> 00:18:20,460 All right. 303 00:18:20,580 --> 00:18:24,200 Next up, presentation of the district's annual Comprehensive Financial Report for 304 00:18:24,200 --> 00:18:25,840 the year ended September 30th. 305 00:18:30,940 --> 00:18:31,820 Good morning, ladies. 306 00:18:31,820 --> 00:18:32,840 Hi, good morning. 307 00:18:34,020 --> 00:18:38,020 We have our annual comprehensive financial report ready for you. 308 00:18:39,000 --> 00:18:44,080 As part of our year in process, we put together, our team puts together this financial report 309 00:18:44,080 --> 00:18:47,700 and we do a lot, they do a lot of great work to put this together. 310 00:18:48,220 --> 00:18:53,480 It's a huge effort across the team and not only for this report but to also ensure 311 00:18:53,480 --> 00:18:55,340 a clean, smooth audit. 312 00:18:59,540 --> 00:19:04,580 We couldn't wait. I can't believe you made us put wait till 7. We should have done this first. 313 00:19:08,520 --> 00:19:17,460 I know the report in front of you is large, so I'll familiarize it with you or try to get some basis for you. 314 00:19:17,460 --> 00:19:26,960 So it has three components that we have our introductory section, which includes our trans 315 00:19:26,960 --> 00:19:27,520 and middle letter. 316 00:19:27,760 --> 00:19:32,040 This is the introduction to not only our financial report, but to the district. 317 00:19:32,260 --> 00:19:36,180 It says who we are, what we do, why we do it. 318 00:19:36,520 --> 00:19:42,440 It goes through a high analysis or review of what we accomplished this year for large 319 00:19:42,440 --> 00:19:45,620 projects such as our IPL and Central City project. 320 00:19:45,620 --> 00:19:50,760 It talks about some community engagement, and it gives an overview of our financial planning. 321 00:19:52,280 --> 00:19:57,460 Then we have our financial section, so this is where we're going to focus on for today, 322 00:19:57,620 --> 00:19:58,260 the bulk of that. 323 00:19:58,420 --> 00:20:02,760 That's going to include our MD&A, which is our Management Discussion and Analysis. 324 00:20:03,340 --> 00:20:04,480 That's going to give you... 325 00:20:04,480 --> 00:20:05,000 Oh, sorry. 326 00:20:06,140 --> 00:20:07,460 No, I'm not ready yet. 327 00:20:07,760 --> 00:20:07,980 Sorry. 328 00:20:08,680 --> 00:20:12,280 I mean, we can go there, but I was just trying to orient for the financial, so it's 329 00:20:12,280 --> 00:20:12,780 so large. 330 00:20:13,520 --> 00:20:17,020 The MD&A will give you some analysis year over year. 331 00:20:17,540 --> 00:20:23,180 It will also do that in words and charts, so it will show the change in a high-level explanation 332 00:20:23,180 --> 00:20:27,620 of those variances, and then you'll have your financial statements, so these are the 333 00:20:27,620 --> 00:20:33,620 numbers and the accompanying notes, and then our last section is our statistical section, 334 00:20:34,140 --> 00:20:39,860 which will give a 10-year trend for various financial schedules, as well as some fun 335 00:20:39,860 --> 00:20:46,000 demographic, and miscellaneous facts. So I can start. On your report in front of you, 336 00:20:46,340 --> 00:20:54,340 there's tabs. So the first tab will correlate to our slide. This is our very exciting award 337 00:20:54,340 --> 00:20:59,880 for the GFOA. This is our 10th year to receive it, and this is a third-party review that 338 00:20:59,880 --> 00:21:05,420 we submit our annual financial report, and they review it, and they have given us this 339 00:21:05,420 --> 00:21:09,560 award for 10 years. So we are very proud of this. Just to be clear, it's for last years. 340 00:21:10,180 --> 00:21:15,020 So it takes a while for them to review so you put your last year one in there and then you 341 00:21:15,020 --> 00:21:15,940 submit the next one. 342 00:21:18,250 --> 00:21:21,650 I'm glad you anticipated because I was like, wait, 2024. I'm sorry. 343 00:21:21,910 --> 00:21:29,670 Yes, this is for last year's award. Okay, our next tab. This is our audit opinion. 344 00:21:29,930 --> 00:21:35,190 This is found in that financial section. We received a clean audit opinion this year 345 00:21:35,190 --> 00:21:39,810 that this is what we want. Our auditors are here today for any questions that you 346 00:21:39,810 --> 00:21:45,570 may have. They reviewed the audit and the financials with the audit committee last 347 00:21:45,570 --> 00:21:45,890 week. 348 00:21:51,120 --> 00:21:58,400 On this next tab this is our MD&A so this is our high-level analysis year 349 00:21:58,400 --> 00:22:05,740 over year trends and information. On here I wanted to point out our net 350 00:22:05,740 --> 00:22:14,000 position is $1.7 billion. And think of that as equity, so assets less liabilities. That 351 00:22:14,000 --> 00:22:18,760 is about an $800 million growth from last year, or increase from last year. And so an 352 00:22:18,760 --> 00:22:23,260 increase in net position is a good sign of a strong financial organization. 353 00:22:26,260 --> 00:22:26,640 And that 354 00:22:26,640 --> 00:22:28,360 begins on page 23 of your report. 355 00:22:32,250 --> 00:22:36,470 Next page, or next tab is page 34. This is our government 356 00:22:37,050 --> 00:22:41,890 statement of net position. So think of this as a balance sheet, or this is a 357 00:22:41,890 --> 00:22:44,910 balance sheet. We call it statement of net position in governmental accounting. 358 00:22:45,170 --> 00:22:50,650 It's a balance sheet. On here I wanted to point out our something new for this year 359 00:22:50,650 --> 00:22:55,830 is our encore receivable. You can see it in that second column. It's 19.3 360 00:22:55,830 --> 00:23:02,270 million. This is related to the encore contract to provide power to the LP1 361 00:23:02,270 --> 00:23:08,830 pump station. There's about a $21 million contract of which a portion is refundable 362 00:23:08,830 --> 00:23:16,030 once the power load is met. So from that we've determined 19.3 of that is actually refundable 363 00:23:16,030 --> 00:23:18,250 once those conditions are met. 364 00:23:20,350 --> 00:23:24,430 The next item on here is our new debt for FY25. We had 365 00:23:24,430 --> 00:23:31,110 two debt issues this year, or this past year. The first being a $50 million issue 366 00:23:31,110 --> 00:23:34,950 for the governmental obligation or GEO bond related to the central city work 367 00:23:34,950 --> 00:23:40,450 and that is in your first column reflected and then that second column is 368 00:23:40,450 --> 00:23:45,450 our 400 million bond issue on behalf of the city of Dallas for IPL phase 3 work. 369 00:23:58,780 --> 00:24:04,480 Our next page or your next tab is page 35 and on here I wanted to point out 370 00:24:04,480 --> 00:24:10,980 the $29.5 million dollar program revenue which this is related to the 371 00:24:10,980 --> 00:24:15,220 Central City project. This is for the City of Fort Worth utility relocation. 372 00:24:19,070 --> 00:24:27,390 On our next page, one thing I wanted to point out on here is this is our balance 373 00:24:27,390 --> 00:24:33,950 sheet for governmental funds. This squared number up on top, the 33.8 374 00:24:33,950 --> 00:24:38,330 million these are remaining funds from that central city issue so we issued 375 00:24:38,330 --> 00:24:44,570 that 50 million late last year and we spent 41 million to the city of Fort 376 00:24:44,570 --> 00:24:46,170 Worth when we have 33 remaining. 377 00:24:51,170 --> 00:24:53,890 The next page I wanted to point out is page 42 378 00:24:53,890 --> 00:25:02,950 or that next tab in your book. This is up on here. This is our enterprise fund 379 00:25:02,950 --> 00:25:06,850 Statement of Revenues, Expenses, and Income Statement. 380 00:25:07,630 --> 00:25:11,310 We have our city of Dallas related payments in green. 381 00:25:11,470 --> 00:25:14,150 So you'll see the Sale Assistant Capacity in the top section 382 00:25:14,550 --> 00:25:16,790 as well as Sale Assistant Capacity for Debt Service 383 00:25:16,790 --> 00:25:17,890 in the bottom section. 384 00:25:18,070 --> 00:25:21,110 So you have 9 million and 47 million. 385 00:25:21,310 --> 00:25:23,410 That is related to our Dallas payments. 386 00:25:25,030 --> 00:25:29,350 And also on here under Utilities of our 13.2, 387 00:25:29,610 --> 00:25:31,510 the majority of this is pumping power. 388 00:25:31,510 --> 00:25:37,930 So this is our largest stand-alone expenditure after personnel and debt service and our enterprise fund 389 00:25:40,230 --> 00:25:42,690 It's been about 12.5 of our 19 390 00:25:57,560 --> 00:26:03,500 Our last tab is page 46. This is related to our OPEB and 391 00:26:03,500 --> 00:26:11,820 And on here, you can see that we made a contribution of 3.1 million at FY25 and this is our final 392 00:26:11,820 --> 00:26:17,600 contribution for the foreseeable future because with this contribution, our trust is 94% funded. 393 00:26:20,780 --> 00:26:25,360 So after this section, then you'll have your statistical section within your book 394 00:26:25,360 --> 00:26:29,000 and in between those are some notes and some supplementary information. 395 00:26:29,560 --> 00:26:29,840 That's 396 00:26:33,110 --> 00:26:37,230 what I had for you today. Do you have any questions for us or for the auditors? 397 00:26:37,230 --> 00:26:38,530 Not 398 00:26:43,010 --> 00:26:46,690 here. Nice, predictable, boring year. 399 00:26:48,190 --> 00:26:48,770 It's exciting. 400 00:26:50,070 --> 00:26:53,070 Boring is exciting. You want that. 401 00:26:53,650 --> 00:26:56,150 We did that for 2026. It's exciting. 402 00:26:56,770 --> 00:26:59,850 We successfully completed our audit and our financials with Workday. 403 00:27:00,730 --> 00:27:01,710 That's a big milestone. 404 00:27:03,050 --> 00:27:05,990 There is a call with the new computer financial system 405 00:27:05,990 --> 00:27:08,890 and of course our auditors did audit the old system 406 00:27:08,890 --> 00:27:14,010 transition to the new system, so that was exciting to get that done, and now we just 407 00:27:14,010 --> 00:27:15,670 got to get really good at our new system. 408 00:27:15,890 --> 00:27:16,670 Yeah, yeah. 409 00:27:16,870 --> 00:27:21,370 Trying to learn all of its functionality and how we can best use it. 410 00:27:22,830 --> 00:27:24,970 Now, major milestone, and so congratulations. 411 00:27:25,450 --> 00:27:36,850 It's a really stellar year all the way around, and particularly the benefits piece 412 00:27:36,850 --> 00:27:43,610 to have that funded at that rate is remarkable so it's good great work. 413 00:27:45,690 --> 00:27:46,030 Any 414 00:27:46,030 --> 00:27:52,850 questions? I move to approve agenda item number seven. We have a motion in a 415 00:27:52,850 --> 00:27:58,890 second. Any further discussion? All those in favor? Hi. Motion carries. 416 00:27:59,330 --> 00:28:03,930 Perfect. Thank you. Next up consider approval to accept grant from Texas 417 00:28:03,930 --> 00:28:07,910 Texas Parks and Wildlife Foundation for Eagle Mountain Park expenditures. 418 00:28:08,790 --> 00:28:11,470 So I know you think this is Groundhog Day, but it's not. 419 00:28:12,850 --> 00:28:18,290 This is exactly like the funding that we got last year, not that many months ago. 420 00:28:18,670 --> 00:28:24,890 It's another $20,000 grant that we're getting from the Texas Community Foundation, and 421 00:28:24,890 --> 00:28:27,190 they want us to use it on Eagle Mountain State Park. 422 00:28:27,730 --> 00:28:31,930 And we are happy to do that, but we need our board to accept any revenues. 423 00:28:32,890 --> 00:28:34,490 Is this going to be a standing agenda? 424 00:28:34,870 --> 00:28:35,670 We asked them that. 425 00:28:36,130 --> 00:28:36,850 What did they say? 426 00:28:37,150 --> 00:28:40,290 The Texas Personal Life Foundation did not have any additional information. 427 00:28:40,330 --> 00:28:43,590 We didn't know if this was going to be met potentially a yearly grant, so we were going 428 00:28:43,590 --> 00:28:48,510 to ask them that, but they didn't know, and so we would love it, of course. 429 00:28:48,970 --> 00:28:49,170 Absolutely. 430 00:28:50,070 --> 00:28:50,950 It's very nice. 431 00:28:51,550 --> 00:28:52,070 Very nice. 432 00:28:52,270 --> 00:28:53,130 I think it's exciting. 433 00:28:53,330 --> 00:28:57,430 They're really taking a big effort here in Tarr County and Fort Worth, so they're 434 00:28:57,430 --> 00:28:58,770 great partners. 435 00:28:59,930 --> 00:29:00,930 I'd move to approve. 436 00:29:01,130 --> 00:29:01,910 Agenda item number nine. 437 00:29:03,770 --> 00:29:04,170 Eight. 438 00:29:04,530 --> 00:29:04,770 Eight. 439 00:29:05,190 --> 00:29:06,010 Did I move one ahead? 440 00:29:06,410 --> 00:29:06,650 Yeah. 441 00:29:07,470 --> 00:29:08,030 Jumping ahead. 442 00:29:08,210 --> 00:29:08,550 I'm sorry. 443 00:29:08,650 --> 00:29:09,210 I moved to approve. 444 00:29:09,330 --> 00:29:10,250 Agenda item number eight. 445 00:29:11,430 --> 00:29:12,630 We have a motion and second. 446 00:29:12,750 --> 00:29:13,510 Any further discussion? 447 00:29:15,290 --> 00:29:16,210 All those in favor? 448 00:29:16,930 --> 00:29:17,090 Aye. 449 00:29:18,010 --> 00:29:19,030 Thank you, ladies. 450 00:29:20,530 --> 00:29:21,330 On to number nine. 451 00:29:21,510 --> 00:29:23,670 Usually that's me jumping ahead and being on the board. 452 00:29:23,670 --> 00:29:29,790 I consider approval of contract amendment with Guide House Inc. for workday post-production 453 00:29:29,790 --> 00:29:33,350 support to continue enhancing the workday platform. 454 00:29:34,050 --> 00:29:34,250 Hey, Mick. 455 00:29:40,900 --> 00:29:41,480 Good morning. 456 00:29:41,960 --> 00:29:42,240 Good morning. 457 00:29:43,780 --> 00:29:48,000 What I have for you here today, if you remember about a year ago, we had a contract with 458 00:29:48,000 --> 00:29:53,240 the same group to provide post-implementation support for our workday implementation. 459 00:29:54,000 --> 00:29:55,200 That's been going well. 460 00:29:55,200 --> 00:29:59,400 we continue to take advantage of the features and more modern system. 461 00:30:00,000 --> 00:30:04,520 They're, and are currently working through the process of implementing a new budget tool, 462 00:30:04,660 --> 00:30:11,460 which is tons of fun. Through that process, we've learned that there's a lot of stuff we 463 00:30:11,460 --> 00:30:17,800 don't know, and Guidehouse has provided us what is in effect, a staff augmentation that 464 00:30:17,800 --> 00:30:22,780 allows us on a time and materials type basis to bring them in to provide a degree of expertise 465 00:30:22,780 --> 00:30:26,860 that we just haven't had the opportunity to develop yet in-house. And so what we 466 00:30:26,860 --> 00:30:33,240 We have in front of you here today is a $250,000 amendment to the contract from last year to 467 00:30:33,240 --> 00:30:38,900 continue to use the same firm that we've had a good experience with to this point, to provide 468 00:30:38,900 --> 00:30:44,040 services where we have gaps as we continue our journey of implementing Workday. 469 00:30:44,880 --> 00:30:46,600 What questions can I answer for you? 470 00:30:48,320 --> 00:30:51,120 This is the – are we two years now into Workday? 471 00:30:52,540 --> 00:30:55,780 One year since implementation and not quite. 472 00:30:55,780 --> 00:30:59,300 but April would be a year. April-ish. 473 00:31:00,320 --> 00:31:03,200 There's a lot to learn. I've never used the Workday program, but 474 00:31:04,160 --> 00:31:07,460 I struggle with my own, so my own program is 475 00:31:07,460 --> 00:31:11,900 a lot less complicated than this. It's a lot harder than my QuickBooks at home. 476 00:31:13,340 --> 00:31:15,300 Any efforts on just 477 00:31:15,300 --> 00:31:18,720 training trainers? Is that something that Guidehouse is providing for us? 478 00:31:19,020 --> 00:31:22,140 We sit with them often when they're in-house working with us on things. 479 00:31:23,240 --> 00:31:26,260 It's a combination of things, not just the ongoing support, 480 00:31:26,400 --> 00:31:28,040 but also implementation kind of support, 481 00:31:28,160 --> 00:31:32,220 so that includes training and Q&A kind of stuff, 482 00:31:32,680 --> 00:31:35,620 phone a friend type arrangement with them, but yes. 483 00:31:39,410 --> 00:31:39,850 Any other questions? 484 00:31:44,750 --> 00:31:46,530 I've moved to approve agenda item number nine. 485 00:31:47,870 --> 00:31:48,170 Second. 486 00:31:48,710 --> 00:31:50,310 We have a motion to second any further discussion. 487 00:31:51,410 --> 00:31:52,370 All those in favor? 488 00:31:53,050 --> 00:31:53,250 Aye. 489 00:31:53,890 --> 00:31:54,070 Those? 490 00:31:54,630 --> 00:31:55,190 Motion carries. 491 00:31:55,450 --> 00:31:55,830 Thank you. 492 00:31:56,610 --> 00:31:58,710 We're going to skip agenda item number 10 493 00:31:58,710 --> 00:32:04,230 because we refuse to do it and go on to number 11. I'm just kidding. All right. 494 00:32:04,710 --> 00:32:12,030 Agenda item number 10, consider adoption of resolution honoring Carol Hathall on 495 00:32:12,030 --> 00:32:15,550 her retirement from the district. All right, May. 496 00:32:17,600 --> 00:32:19,100 So I'm not really sure how I 497 00:32:19,100 --> 00:32:24,680 got this honor. There are probably a dozen people in this room that would 498 00:32:24,680 --> 00:32:26,440 I would like the opportunity to do this. 499 00:32:28,140 --> 00:32:28,900 Are you sure? 500 00:32:29,340 --> 00:32:34,860 I mean, we could pretend like this never happened. 501 00:32:34,920 --> 00:32:35,880 I could just walk out the door. 502 00:32:36,480 --> 00:32:37,160 We all be okay. 503 00:32:37,880 --> 00:32:38,100 You sure? 504 00:32:38,840 --> 00:32:39,340 All right. 505 00:32:39,840 --> 00:32:40,380 Here we go. 506 00:32:43,320 --> 00:32:47,960 Whereas Carol Tackle has faithfully served the Tarrant Regional Water District since 2007, 507 00:32:48,520 --> 00:32:53,660 contributing exceptional professionalism, consistency, and leadership across the finance, purchasing, 508 00:32:53,660 --> 00:32:55,720 risk, and internal audit departments. 509 00:32:56,660 --> 00:32:59,760 Whereas Carol has demonstrated steadfast integrity 510 00:32:59,760 --> 00:33:01,880 and reliability throughout her career, 511 00:33:02,580 --> 00:33:05,120 quickly becoming a trusted resource across the district, 512 00:33:05,700 --> 00:33:08,720 her deep understanding of financial and operational processes, 513 00:33:09,020 --> 00:33:11,140 combined with her commitment to excellence, 514 00:33:11,560 --> 00:33:14,320 earned her increasing responsibility 515 00:33:14,320 --> 00:33:17,840 and ultimately leading to her position as chief internal auditor. 516 00:33:19,020 --> 00:33:20,960 Whereas in her role as chief auditor, 517 00:33:20,960 --> 00:33:26,040 Carol has been responsible for mitigating risks, creating efficiencies, and providing 518 00:33:26,040 --> 00:33:28,260 critical guidance to the Board of Directors. 519 00:33:28,960 --> 00:33:33,320 Her work has strengthened the district's commitment to transparency, accountability, and sound 520 00:33:33,320 --> 00:33:36,820 governance, making her a highly respected voice within the organization. 521 00:33:37,820 --> 00:33:42,400 Whereas Carol's colleagues describe her as trusted, respected, and grounded in 522 00:33:42,400 --> 00:33:46,000 integrity, qualities that allow her to connect with people across all levels 523 00:33:46,000 --> 00:33:50,700 of the organization, her ability to make others feel valued and heard has created 524 00:33:50,700 --> 00:33:55,680 an atmosphere of genuine trust where team members feel comfortable sharing openly and 525 00:33:55,680 --> 00:34:01,460 honestly. Whereas Carol has played a key role in establishing the district's first safety 526 00:34:01,460 --> 00:34:05,900 steering committee, dedicating significant time and effort to strengthening workplace 527 00:34:05,900 --> 00:34:11,280 safety culture. She has also led the purchasing team to receive the first achievement of Excellence 528 00:34:11,280 --> 00:34:17,180 in Procurement Award in 2015, an honor that continued in the years that followed. Additionally, 529 00:34:17,180 --> 00:34:20,140 Additionally, she contributed to the district earning its first certificate of achievement 530 00:34:20,440 --> 00:34:25,840 for excellence in financial reporting for fiscal year 2015, awarded by the Government 531 00:34:25,840 --> 00:34:27,860 Finance Officers Association. 532 00:34:28,860 --> 00:34:34,200 Whereas beyond her technical expertise, Carol is recognized for her thoughtfulness, mentorship, 533 00:34:34,840 --> 00:34:36,680 and dedication to the growth of her team. 534 00:34:37,320 --> 00:34:41,960 Her leadership has helped shape a supportive, collaborative work culture, and her influence 535 00:34:41,960 --> 00:34:45,380 will continue to resonate through the employees she has guided and developed. 536 00:34:45,380 --> 00:34:48,280 Now, therefore, be it resolved. 537 00:34:49,400 --> 00:34:54,400 The Board of Directors at Tarrant Regional Water District expresses its sincere appreciation 538 00:34:54,400 --> 00:35:01,040 to Carol Tackle for her distinguished service, unwavering integrity, and positive influence 539 00:35:01,040 --> 00:35:03,600 she has had on the district and its people. 540 00:35:04,380 --> 00:35:09,720 The district extends its deepest gratitude and warmest wishes to Carol as she enters 541 00:35:09,720 --> 00:35:10,680 this next chapter. 542 00:35:10,680 --> 00:35:15,860 with enduring respect for the impact she has made and the example she leaves behind. 543 00:35:16,620 --> 00:35:21,180 This resolution is adopted the 20th day of January 2026. 544 00:35:54,310 --> 00:36:03,470 I actually knew what TRWD was, but I took that challenge and I've never regretted it. 545 00:36:04,010 --> 00:36:05,150 This has been the most wonderful. 546 00:36:05,150 --> 00:36:12,030 And the only regret I have is that I didn't get here earlier, because I've enjoyed every 547 00:36:12,030 --> 00:36:13,910 moment of my time here. 548 00:36:14,550 --> 00:36:17,330 He asked me once, how long did I think I would stay? 549 00:36:17,490 --> 00:36:22,070 And I said, oh, probably five years or so, because I just retired from education 30 years 550 00:36:22,070 --> 00:36:22,430 there. 551 00:36:24,170 --> 00:36:26,990 Well, 18 and a half years later, here we are. 552 00:36:28,310 --> 00:36:33,690 Like I said, I would probably stay till the very end, but there are a lot of things 553 00:36:33,690 --> 00:36:38,630 things I haven't done yet. I need to get on the road. Thank you all so much. 554 00:37:23,110 --> 00:37:23,530 It's quite 555 00:37:26,270 --> 00:37:27,710 Thank you so much. 556 00:37:32,310 --> 00:37:33,570 We're so excited. 557 00:37:34,170 --> 00:37:35,170 I'm really excited. 558 00:37:35,670 --> 00:37:36,070 Enjoy. 559 00:37:36,410 --> 00:37:36,730 I will. 560 00:37:37,910 --> 00:37:38,650 Thank you. 561 00:37:39,210 --> 00:37:40,830 Thank you. 562 00:37:42,730 --> 00:37:43,690 Hold on. 563 00:37:43,870 --> 00:37:43,930 Hold on. 564 00:37:43,930 --> 00:37:45,070 Hold on. 565 00:37:45,070 --> 00:37:45,810 Hold on. 566 00:37:46,150 --> 00:37:47,050 Hold on. 567 00:37:47,170 --> 00:37:49,530 Hold on. 568 00:37:58,930 --> 00:38:05,850 So we tried to skip that one. We tried to skip the one last month. I don't know. You're 569 00:38:05,850 --> 00:38:10,110 not putting anything else on for the next month or because we'll boycott the meeting. 570 00:38:11,050 --> 00:38:18,250 We're kind of done with these. We're excited for the future for Carol just as we are. 571 00:38:18,250 --> 00:38:21,030 although it's nice to see Alan's sneak in here this morning, too. 572 00:38:21,550 --> 00:38:22,070 Very moving. 573 00:38:24,150 --> 00:38:25,790 Do we need a motion for that? 574 00:38:26,150 --> 00:38:27,610 I don't know. 575 00:38:27,610 --> 00:38:27,790 Oh. 576 00:38:28,150 --> 00:38:28,970 I would gladly make a motion. 577 00:38:28,970 --> 00:38:29,330 We didn't? 578 00:38:29,570 --> 00:38:30,050 I don't know. 579 00:38:30,250 --> 00:38:31,010 I guess I got ahead of myself. 580 00:38:31,010 --> 00:38:31,450 I'll make a second. 581 00:38:31,790 --> 00:38:33,850 We have a motion to second any further discussion. 582 00:38:35,150 --> 00:38:36,190 All those in favor? 583 00:38:36,630 --> 00:38:36,890 Aye. 584 00:38:37,670 --> 00:38:38,110 Can you pose? 585 00:38:38,710 --> 00:38:39,490 I know, right? 586 00:38:40,030 --> 00:38:41,230 I'm trying not to make it happen. 587 00:38:41,830 --> 00:38:42,590 Motion carries. 588 00:38:42,810 --> 00:38:43,290 Thank you. 589 00:38:43,670 --> 00:38:44,130 Thank you. 590 00:38:44,210 --> 00:38:45,070 And thanks for that reminder. 591 00:38:46,010 --> 00:38:46,310 All right. 592 00:38:46,310 --> 00:38:51,890 Next up, presentations, water resources, Rachel, 593 00:38:57,520 --> 00:38:57,880 morning. 594 00:38:58,620 --> 00:38:59,660 It's a tough act to follow. 595 00:39:00,600 --> 00:39:03,640 I have to say Carol made internal audit pleasant. 596 00:39:04,920 --> 00:39:07,480 As pleasant as anyone could. 597 00:39:08,700 --> 00:39:10,060 That's right, right. 598 00:39:10,840 --> 00:39:11,700 We won't miss her. 599 00:39:12,720 --> 00:39:17,500 All right, so if we look back over the year of 2025, 600 00:39:18,400 --> 00:39:24,760 The rainfall that fell across our system was average to above average, so we had a really 601 00:39:24,760 --> 00:39:30,740 good year as far as what Mother Nature provided to us, and the timely rainfall, as was mentioned 602 00:39:30,740 --> 00:39:34,740 in the financial report, you know, cut down on our power usage for the year. 603 00:39:35,420 --> 00:39:41,860 However the last two months have been very dry, and DFW airport has not seen more 604 00:39:41,860 --> 00:39:47,660 than a tenth of an inch of rain since November 24th when there was about an 605 00:39:47,660 --> 00:39:52,280 inch of rainfall then. So it's been almost two months where it's been really 606 00:39:52,280 --> 00:39:56,060 dry. However, we're seeing a pattern shift and I think if any of you are 607 00:39:56,060 --> 00:39:59,600 paying attention to the news and the weather, you know that there could be 608 00:39:59,600 --> 00:40:03,280 some rain coming at the end of this week and some snow, some significant 609 00:40:03,280 --> 00:40:08,320 snow. So that will be different. And then in the the days following that, 610 00:40:08,320 --> 00:40:14,120 the long-term forecasts are calling for above average precipitation, at least for a few days. 611 00:40:14,760 --> 00:40:17,460 And then as we move into the spring, we may have a transition. 612 00:40:17,680 --> 00:40:22,000 Right now we're in the La Nina condition, and we should transition into a neutral, 613 00:40:22,260 --> 00:40:27,720 which will give us kind of equal chances of precipitation above or below average. 614 00:40:29,700 --> 00:40:31,200 Make sure I covered everything there. 615 00:40:33,340 --> 00:40:36,140 If you look at the drought map for the state of Texas, 616 00:40:36,140 --> 00:40:41,480 This is the one that the TCEQ puts together that shows the different river basins. 617 00:40:41,800 --> 00:40:46,820 So the Trinity Basin, of course, is where all of our water supplies are currently. 618 00:40:48,160 --> 00:40:50,280 Abnormally dry is the yellow color. 619 00:40:50,820 --> 00:40:52,620 All of our reservoirs are in that color. 620 00:40:52,940 --> 00:40:56,100 So considering how dry it's been, we're still in pretty good condition. 621 00:40:56,420 --> 00:41:01,000 And part of our system along the Clear Fork is in no drought. 622 00:41:01,360 --> 00:41:03,480 So not looking too bad. 623 00:41:03,480 --> 00:41:09,700 And then in terms of our storage, we're really still in pretty good shape for this time of year at 87 and a half percent 624 00:41:09,700 --> 00:41:18,000 That's actually exactly where we were last year for total storage. However, we have more water in the West Fork now than we did a year ago 625 00:41:19,120 --> 00:41:23,380 11% more in the West Fork so while the total is the same 626 00:41:23,380 --> 00:41:24,140 It's much more 627 00:41:24,140 --> 00:41:29,800 Distributed and so there's more water up in this area and in Bridgeport Eagle Mountain, you know 628 00:41:29,800 --> 00:41:31,340 where we really needed to meet the demands. 629 00:41:31,640 --> 00:41:36,920 So we do continue to pump from our East Texas reservoirs. 630 00:41:36,920 --> 00:41:38,700 Right now we're in the winter maintenance season, 631 00:41:38,820 --> 00:41:40,080 so part of the system is down, 632 00:41:40,420 --> 00:41:42,080 but part of it continues to pump. 633 00:41:42,860 --> 00:41:44,360 So all of that's being coordinated, 634 00:41:44,580 --> 00:41:46,700 and as far as I know, all of that's going pretty well. 635 00:41:47,720 --> 00:41:49,500 I guess the bright side of having some dry weather 636 00:41:49,500 --> 00:41:50,940 means all of the construction 637 00:41:50,940 --> 00:41:53,160 and all the maintenance that we have going on 638 00:41:53,160 --> 00:41:54,500 has been able to take place. 639 00:41:58,280 --> 00:41:59,920 So looking at our storage graph, 640 00:41:59,920 --> 00:42:05,280 looking back to this time last year to now the black line shows how we were 641 00:42:05,280 --> 00:42:09,040 about the same last year and then we had an increase in the spring and summer. 642 00:42:09,500 --> 00:42:12,940 I feel recall everything filled up to a hundred percent and we had some flood 643 00:42:12,940 --> 00:42:17,400 operations going on and then we've had just a gradual decline since then in 644 00:42:17,400 --> 00:42:23,480 the total storage. The forecast going forward if we if it stays dry we 645 00:42:23,480 --> 00:42:27,720 should stay pretty steady for the next few months. If we get average rainfall 646 00:42:27,720 --> 00:42:31,600 we should see some recovery, and above average rainfall might fill us all the way back up. 647 00:42:32,300 --> 00:42:36,780 So really sitting pretty good for this time of year and hoping for some rain over the 648 00:42:36,780 --> 00:42:37,580 next few months. 649 00:42:39,000 --> 00:42:47,480 So the short-term forecast, this is a map of, it shows, we call it the QPF, it's 650 00:42:47,480 --> 00:42:52,800 a forecast, and the different colors represent how much rain is expected or how much precipitation 651 00:42:52,800 --> 00:42:56,140 I guess is expected over the next seven days. 652 00:42:56,140 --> 00:42:59,440 This has actually changed significantly since I pulled it yesterday. 653 00:42:59,800 --> 00:43:03,280 I looked at it this morning and those darker colors have moved more over our area 654 00:43:03,280 --> 00:43:05,320 and the blue colors have moved further west. 655 00:43:05,580 --> 00:43:08,060 So that means we're, every time I look at the forecast, 656 00:43:08,420 --> 00:43:12,280 they're expecting more and more precipitation over these next few days. 657 00:43:12,600 --> 00:43:14,400 So we'll continue to keep an eye on that. 658 00:43:15,900 --> 00:43:20,960 And it should be good for the system as far as water storage, 659 00:43:21,740 --> 00:43:23,620 as far as how it might impact operations. 660 00:43:23,620 --> 00:43:27,920 I know there will be coordination calls and discussions as far as all of that goes. 661 00:43:29,620 --> 00:43:34,420 Don't expect any major issues, but we will be keeping our eyes on it 662 00:43:34,420 --> 00:43:36,900 and be happy to answer any questions that you have. 663 00:43:41,160 --> 00:43:45,240 Here, other than the kids are not happy because it's happening over the weekend. 664 00:43:47,020 --> 00:43:47,520 Right. 665 00:43:47,680 --> 00:43:48,540 You timed that wrong. 666 00:43:49,960 --> 00:43:50,960 Very good. 667 00:43:51,280 --> 00:43:52,340 Great. Thank you, Rachel. 668 00:43:52,580 --> 00:43:52,680 Thanks. 669 00:43:54,240 --> 00:43:56,100 Next up is executive session. 670 00:43:57,400 --> 00:44:03,100 Section 551.071 of the Texas Government Code for a private consultation with its attorney, 671 00:44:03,520 --> 00:44:09,020 pardon me, about pending or contemplated litigation or on a matter in which the duty of the attorney 672 00:44:09,020 --> 00:44:13,720 to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State 673 00:44:13,720 --> 00:44:19,500 Bar of Texas clearly conflicts with the chapter and Section 551.072 of the Texas 674 00:44:19,500 --> 00:44:24,620 Government Code to deliberate the purchase, exchange, lease, or value of real property 675 00:44:24,620 --> 00:44:29,660 We'll be discussing pending litigation and real property issues. 676 00:44:29,920 --> 00:44:31,460 We're now in executive session. 677 00:44:39,780 --> 00:44:40,780 All right, 1030. 678 00:44:40,940 --> 00:44:41,800 We'll call the meeting back to order. 679 00:44:42,380 --> 00:44:44,720 We are on agenda item 13. 680 00:44:44,940 --> 00:44:49,020 Consider approval of settlement of claims in the state of Texas, 681 00:44:49,500 --> 00:44:52,540 the TRWD, Tarrant Regional Water District, 682 00:44:52,700 --> 00:44:54,900 at our condemnation proceeding. 683 00:44:55,800 --> 00:44:56,200 Thank you. 684 00:44:56,800 --> 00:44:59,840 Yes, staff request approval to enter into. 685 00:45:00,530 --> 00:45:05,510 And the condemnation proceeding between the state of Texas on behalf of Texas Department 686 00:45:05,510 --> 00:45:14,210 of Transportation and TRWD for TRWD's conveyance to text dot of a 3.8162-acre easement situated 687 00:45:14,210 --> 00:45:20,290 in the John Little Survey, Abstract 958, City of Fort Worth, Tarrant County, Texas, for the 688 00:45:20,290 --> 00:45:23,930 negotiated settlement of $182,164. 689 00:45:28,520 --> 00:45:33,140 This easement was discussed in detail at the real estate committee and the executive session. 690 00:45:33,300 --> 00:45:33,740 I'd move approval. 691 00:45:35,860 --> 00:45:36,300 Second. 692 00:45:36,840 --> 00:45:38,300 We have a motion to second any further discussion. 693 00:45:39,500 --> 00:45:40,460 All those in favor? 694 00:45:41,020 --> 00:45:41,300 Aye. 695 00:45:41,660 --> 00:45:41,980 Any opposed? 696 00:45:42,460 --> 00:45:43,020 Motion carries. 697 00:45:43,400 --> 00:45:43,740 Thank you. 698 00:45:44,740 --> 00:45:45,820 Future agenda items? 699 00:45:49,380 --> 00:45:49,960 Hearing none. 700 00:45:50,220 --> 00:45:50,400 All right. 701 00:45:51,040 --> 00:45:55,160 Next, board meeting is scheduled for February 17, 2026, 9 a.m. 702 00:45:55,360 --> 00:45:55,880 We are adjourned.