City Property Sale Process (26-381A)
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Real Estate: Process for the Sale of City Property [John Johnson, Director, Facilities and Real Estate]
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Verify legal notice type for North Stemmons housing lease
Context: The agenda titles this item 'City Property Sale Process' but the filed transaction is a 75-year lease between the Dallas PFC and Good Homes Communities, LLC, and it has moved through two briefings (Jan 26, Feb 3) without the notice question being addressed.
Recommended: Pull the public notice filed for this item and confirm it cites Public Facility Corporation lease procedures (Local Government Code Chapter 303), not property sale/disposal procedures — if it doesn't, the affordability covenants are exposed to a third-party challenge that could void them before any tenant moves in.
Request draft lease for North Stemmons mixed-income project
Context: This is the only Dallas PFC lease with any disclosed deal terms after two Finance Committee briefings (Jan 26, Feb 3) — the $16,837,803 foregone-revenue figure is the sole hard number in the record, and the covenant structure isn't public yet.
Recommended: Request the draft lease for 6950 North Stemmons Freeway from city staff now — the income-targeting thresholds and affordability covenant structure in this 75-year Dallas PFC deal will set the template staff expects on future PFC mixed-income projects, and your ability to negotiate different terms closes once this lease is executed.
Investigate North Stemmons lease ownership and title mismatch
Context: After two Finance Committee briefings (Jan 26 and Feb 3), the only public figure is $16,837,803 in foregone tax revenue and the LLC receiving the 75-year lease has no disclosed principals.
Recommended: File a public information request for Good Homes Communities LLC's ownership structure and the full draft lease for 6950 North Stemmons Freeway, and press city staff on why the agenda calls this a 'City Property Sale Process' when the filed transaction is a 75-year lease — a statute mismatch that could mean the item wasn't noticed correctly.
Lobby Finance Committee before North Stemmons lease vote
Context: The item has appeared twice as a briefing/memorandum in Draft status without moving to a vote, signaling the deal terms are still being shaped.
Recommended: Meet with Committee on Finance members now — after two straight briefing-only appearances (Jan 26 and Feb 3) with no vote scheduled, the affordability covenants and income-targeting thresholds for this 75-year lease are still open, and that negotiating window closes the moment a vote is scheduled.
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Real Estate: Process for the Sale of City Property [John Johnson, Director, Facilities and Real Estate]
Real Estate: Process for the Sale of City Property [John Johnson, Director, Facilities and Real Estate]