Convention Center Venue Project Financing (26-923A)
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An ordinance amending (1) that certain Second Supplemental Indenture authorizing the City of Dallas Senior Lien Special Tax Revenue Notes, Series A (Kay Bailey Hutchison Convention Center Dallas Venue Project); (2) the Taxable Note Purchase Agreement with JP Morgan Chase Bank, N.A. and Tax-Exempt Note Purchase Agreement with DNT Asset Trust, a wholly owned affiliate of JPMorgan Chase Bank, N.A., relating to such Notes; and (3) resolving other matters related thereto - Not to exceed $1,928,500 - Financing: 2025 Senior Lien Special Tax Revenue Notes Fund ($628,500, upfront closing costs plus annual fees of $1,300,000 for a total cost of $1,928,500; with additional interest costs as accrued) (subject to annual appropriations) *In alignment with Kay Bailey Hutchison Convention Center Plan.
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Actions
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Verify Texas Public Facility Corporation notice requirements for Good Homes Dallas ground lease
Applies if: Represents a taxpayer, competing developer, or adjacent property owner with standing to challenge the transaction
Context: Council authorized the Dallas Public Facility Corporation to acquire and develop Good Homes Dallas under a 75-year ground lease on April 8, 2026, with $16.8M in General Fund revenue foregone — a transaction scale that carries heightened state-law procedural obligations.
Recommended: Review whether the Dallas Public Facility Corporation followed Texas Local Government Code Chapter 303 public notice and approval procedures before the April 8 Council authorization for the 75-year ground lease at 6950 North Stemmons Freeway — any procedural defect triggers a challenge window that began on that date and is already running.
Contact Elm Fork water treatment prime contractor for subcontract packages
Context: Dallas City Council executed the $90M Elm Fork water treatment construction contract on April 8, 2026, one of two construction awards totaling $175M approved that day, making this the largest active municipal water infrastructure contract in the region.
Recommended: Identify the prime contractor awarded the $90M Elm Fork water treatment construction contract and reach out directly about specialty subcontract scopes — mechanical, electrical, and civil packages are typically filled within 30–60 days of contract execution, often before the prime issues any public solicitation.
Pull ground lease terms for Good Homes Dallas at North Stemmons Freeway
Context: Dallas City Council authorized the Dallas Public Facility Corporation to acquire 6950 North Stemmons Freeway on April 8, 2026 under a 75-year ground lease, with the city estimating $16.8M in General Fund revenue foregone — the implied property tax exemption sets a subsidized pricing floor for competing projects.
Recommended: Request the executed ground lease and any payment-in-lieu-of-taxes agreement for Good Homes Dallas at 6950 North Stemmons Freeway — the 75-year Public Facility Corporation structure carries a tax-exempt competitive advantage that directly affects the debt-service math on any mixed-income project you are underwriting in the same corridor.
Request sole-source justification for $28.2M 9-1-1 support contract
Context: The $28.2M 9-1-1 support contract was pulled from the April 8, 2026 consent agenda and approved as a sole-source award in Case File 26-923A, with no vendor name disclosed in the public-facing record.
Recommended: File a public records request for the sole-source justification memo, the vendor name, and prior contract history for the 9-1-1 support contract — it was pulled from the consent agenda for individual discussion, signaling council scrutiny, yet was awarded without competitive bidding. If the same vendor has held this contract across multiple renewal cycles, that pattern is the story.
Key Entities
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Trust Proof
What we said then vs what happened next
We said (Apr 7, 2026):
Pull April 8 agenda to identify this site budget item
What happened (Apr 8, 2026):
Approved As An Individual Item
Timeline
An ordinance amending (1) that certain Second Supplemental Indenture authorizing the City of Dallas Senior Lien Special Tax Revenue Notes, Series A (Kay Bailey Hutchison Convention Center Dallas Venue Project); (2) the Taxable Note Purchase Agreement with JP Morgan Chase Bank, N.A. and Tax-Exempt Note Purchase Agreement with DNT Asset Trust, a wholly owned affiliate of JPMorgan Chase Bank, N.A., relating to such Notes; and (3) resolving other matters related thereto - Not to exceed $1,928,500 - Financing: 2025 Senior Lien Special Tax Revenue Notes Fund ($628,500, upfront closing costs plus annual fees of $1,300,000 for a total cost of $1,928,500; with additional interest costs as accrued) (subject to annual appropriations) *In alignment with Kay Bailey Hutchison Convention Center Plan.