WEBVTT 00:00:00.354 --> 00:00:10.353 - being here for our meeting today on this hot and muggy day in June. So we will start with our roll call. 00:00:10.353 --> 00:00:20.258 - Kate, do you want to start, please? Kate Rosenbarger, BUEA. Keterita Ka, BUEA. Jane Cooper-Smith, BUEA. 00:00:20.258 --> 00:00:28.638 - Heather Robinson, BUEA. Brad Whistler, BUEA. Michael Hover, BUEA. Elisa Spinelli, BUEA. 00:00:29.410 --> 00:00:38.702 - detail the rest of the staff. All right. Sorry, Dee. Oh, bye bye, Lawson. You got this. You got it. 00:00:38.702 --> 00:00:48.459 - That's right. So welcome. All right. Roll call has been completed. We have our minutes from last month's 00:00:48.459 --> 00:00:57.566 - meeting. Did anyone have any comments or corrections to the minutes as presented from last month? 00:01:01.602 --> 00:01:12.861 - All right, we have a motion. Do we have a second? Second and then we'll need to do a roll call. In favor 00:01:12.861 --> 00:01:24.228 - police, if you want to start on the minutes approval, please. Police is finale, yes. Kate. Yes. Katarina, 00:01:24.228 --> 00:01:31.198 - yes. Jane, yes. Heather Robinson, yes. Brad. Brad Whistler, yes. 00:01:31.746 --> 00:01:42.703 - Michael Hover, yes. Virginia Guthrie, yes. Welcome, Virginia, to the meeting. All right. So Dee, I think 00:01:42.703 --> 00:01:53.242 - you're up with director's report. OK. Yep. Yeah, we'll do the director's report and then launch into 00:01:53.242 --> 00:01:54.494 - financials. 00:01:55.170 --> 00:02:03.432 - So first, after reviewing grant disbursements, we found that there's an overpayment to secretly group, 00:02:03.432 --> 00:02:11.453 - unfortunately. This happened from a processing error on my part. In their application, they had not 00:02:11.453 --> 00:02:19.474 - factored in the matching. Within the meeting, we discussed the matching part and that we would only 00:02:19.474 --> 00:02:24.126 - grant against a matching amount. And then when I went in, 00:02:24.514 --> 00:02:32.866 - I accidentally made it for the full amount. So I have asked secretly for the difference with a due date 00:02:32.866 --> 00:02:41.299 - of one month from now. I'm very sorry for this mistake. I apologize, and I will do everything to rectify 00:02:41.299 --> 00:02:49.651 - it as soon as possible. We have signed the contract with Stone Municipal Group, who has been evaluating 00:02:49.651 --> 00:02:52.382 - our eases for the past few years. 00:02:52.930 --> 00:03:00.644 - I'll start music again with them later this month and something I forgot to add to this director's report, 00:03:00.644 --> 00:03:08.214 - which I will amend later. The Office of Financial Analysis, Financial Management and Analysis, something 00:03:08.214 --> 00:03:14.558 - to that effect. They're doing a review of all of the enterprise zones within the state. 00:03:14.658 --> 00:03:21.972 - So what they're asking for for me is either a shapefile or every single address within the zone, which 00:03:21.972 --> 00:03:29.074 - actually isn't that hard because GIS is wonderful here. And then an analysis of our EZ from 2019 to 00:03:29.074 --> 00:03:36.175 - the present. Thankfully, the records that we've had with Stone have been really great. So that part 00:03:36.175 --> 00:03:43.134 - is awesome. There's some just archival diving that I have to do for things that are here prior to 00:03:43.234 --> 00:03:50.380 - my employment. So I'm not super concerned about that. We've performed pretty well. Yeah, excited to 00:03:50.380 --> 00:03:57.811 - speak with them and see what they have to say about that. So moving on to the financial report, we have 00:03:57.811 --> 00:04:05.029 - no first quarter financial report and I gave a little summary and I'll just go ahead and read it for 00:04:05.029 --> 00:04:05.886 - the record. 00:04:06.018 --> 00:04:11.358 - We're experiencing difficulties obtaining statements from German American Bank, which is making 00:04:11.358 --> 00:04:17.255 - it challenging to reconcile our first quarter statements. These ongoing issues with timely bank statement 00:04:17.255 --> 00:04:23.152 - reconciliation are hindering our ability to make informed decisions regarding project funding. To address 00:04:23.152 --> 00:04:28.715 - this, we're evaluating our collection approval payment and reconciliation processes and considering 00:04:28.715 --> 00:04:29.438 - implementing 00:04:29.666 --> 00:04:35.494 - view only access to accounts for the executive director. This change would alleviate the administrative 00:04:35.494 --> 00:04:41.098 - burden to our financial agents who are the director of ESD and the deputy controller by simplifying 00:04:41.098 --> 00:04:47.094 - the process of obtaining documents required for quarterly reporting and monthly maintenance. Additionally, 00:04:47.094 --> 00:04:52.754 - staff is exploring online banking tools that could enhance our control over transactions and improve 00:04:52.754 --> 00:04:58.526 - visibility. The current banking tools we have lack the necessary flexibility for efficient management. 00:04:59.010 --> 00:05:06.129 - So our three goals are to enhance access for designated financial agents and visibility, improve end-to-end 00:05:06.129 --> 00:05:12.918 - process in four key areas, collection, approval, payment, and reconciliation, and increase the overall 00:05:12.918 --> 00:05:19.509 - efficiency and promptness of the reporting. If you've been on this board for a while, you know that 00:05:19.509 --> 00:05:26.430 - this is a struggle that we've had on a pretty regular basis. Some of it is just the processes that we've 00:05:26.530 --> 00:05:34.261 - had forever that need updating, some of it is actually obtaining the information in a timely manner. 00:05:34.261 --> 00:05:42.375 - So here's one example. Because our meeting is on the second week of the month, sometimes a bank statement 00:05:42.375 --> 00:05:50.106 - isn't ready until the third week of the month. So that tends to be a hiccup, something that we can't 00:05:50.106 --> 00:05:54.622 - always work on. So one of the things to solve that is that 00:05:55.202 --> 00:06:02.596 - and some of you were here for this when we decided to have the financial report from Cheryl a month 00:06:02.596 --> 00:06:10.063 - behind. So then we wouldn't have that lapse. But we're still having some issues getting, like asking 00:06:10.063 --> 00:06:17.678 - for paper statements and not getting them or getting the paper statements on a regular basis or having 00:06:17.678 --> 00:06:22.558 - the appropriate access to get a statement just because it's very, 00:06:22.658 --> 00:06:29.714 - kind of convoluted who has access and who does not. As the executive director, I have zero access to 00:06:29.714 --> 00:06:36.770 - any bank account, hence trying to get some of you only things so that when, because it's a matter of 00:06:36.770 --> 00:06:43.827 - urgency for me, because I am your executive director, I can get to that sooner rather than later. So 00:06:43.827 --> 00:06:50.883 - those are the things that we're working on at this point in time. D, just to punch in there a little 00:06:50.883 --> 00:06:52.350 - bit, I fully support 00:06:52.482 --> 00:06:59.563 - you having view-only access to these accounts and maybe was kind of unaware that you didn't at least 00:06:59.563 --> 00:07:06.574 - have some of that. I get why you wouldn't be able to initiate any transactions. There's an internal 00:07:06.574 --> 00:07:13.586 - control for all of these processes. But just to be able to view activity and print statements to me 00:07:13.586 --> 00:07:21.438 - is an absolute no-brainer. And as executive director, I'm quite sorry that you haven't had that access already. 00:07:21.634 --> 00:07:28.638 - because it would allow you just to see activity flowing through the account or, you know, what grants 00:07:28.638 --> 00:07:35.574 - are being dispersed. I mean, you know, there's all different kinds of things that would benefit your 00:07:35.574 --> 00:07:42.510 - role by having that access. So just for the record, I would say I fully support you having view-only 00:07:42.510 --> 00:07:49.515 - access to all of the accounts associated with BUEA. Are other departments having the same issues with 00:07:49.515 --> 00:07:50.270 - this bank? 00:07:50.914 --> 00:07:58.638 - You know, specifically or can I chime in? Sure. Um, so the BVA is, it's the only commission that's like 00:07:58.638 --> 00:08:06.064 - this, that has its own funding. Everything else is housed within the city's controller's office and 00:08:06.064 --> 00:08:13.565 - the city's accounts. But, um, I, anyway, I nevermind. I just wanted to follow up with you afterwards 00:08:13.565 --> 00:08:17.278 - because I found that March statement has been on. 00:08:17.794 --> 00:08:22.962 - been posted since March, so I don't know why. Oh, really? Yeah, but we'll find it. But when I talked 00:08:22.962 --> 00:08:28.335 - to German American, when we talked internally, someone else said, yes, we've been having trouble getting 00:08:28.335 --> 00:08:33.606 - our statement. And then when I talked to German American, they said, no, we haven't really heard about 00:08:33.606 --> 00:08:38.928 - this. But they're happy to facilitate that online access. And then, yeah, so I think we're on the verge 00:08:38.928 --> 00:08:44.045 - of a breakthrough, which will be really good. Yeah, this is pretty much top priority for me at this 00:08:44.045 --> 00:08:47.166 - point in time, because it really is hindering what I can do. 00:08:47.330 --> 00:08:54.207 - and be able to, you know, when I talk to someone about getting a grant and they're like, well, do you 00:08:54.207 --> 00:09:01.151 - have money for it? Well, in theory, yes, I do. But to not be able to solidly be like, oh, yes, we have 00:09:01.151 --> 00:09:07.961 - this amount of money for the rest of the year for this particular, you know, grant or whatever would 00:09:07.961 --> 00:09:14.366 - be incredibly helpful when I'm working with people. So, so yeah. Yeah, for sure. I am going to 00:09:15.810 --> 00:09:23.834 - pull up our spreadsheet if I can, if I know what's happening here. I set this up and walked away for 00:09:23.834 --> 00:09:30.110 - like a half an hour, so I've kind of forgotten where everything is. Let's see. 00:09:54.946 --> 00:10:11.188 - is problematic. Great. Sorry, this mouse is giving me a really hard time. Here we go. Yay. I think that 00:10:11.188 --> 00:10:23.838 - that might be as large as I can make it at this point in time. Sorry about that. 00:10:24.930 --> 00:10:33.543 - The equations from last time have been corrected, so they're actually subtracting and not adding. I'm 00:10:33.543 --> 00:10:42.663 - so sorry for that. Sometimes I just throw in a number and then think everything's fine. Very quick rundown. 00:10:42.663 --> 00:10:51.107 - Education budget, we have 77.5 thousand in commitments and disbursements with a $15,000 balance. In 00:10:51.107 --> 00:10:54.654 - the entrepreneurship area, we have 48,000 00:10:55.202 --> 00:11:03.440 - in commitments and disbursements with 7,800 as a balance. Arts and culture, 25,000 in commitments and 00:11:03.440 --> 00:11:11.759 - disbursements. That's the operations grant constellations, which is formerly when it's been presented, 00:11:11.759 --> 00:11:19.998 - it's kind of been housed within all of the operations grants that the BAC provides via the BUEA. This 00:11:19.998 --> 00:11:23.390 - has been broken out separately this year. 00:11:24.450 --> 00:11:34.508 - and we have $185,000 balance in arts and culture. Zone improvement. Katie, can I have just one question 00:11:34.508 --> 00:11:44.178 - on the arts incubator? Any update on that for us? Paige and I have had some really good discussions 00:11:44.178 --> 00:11:50.174 - about it. It has still been part of the funding that supports 00:11:50.338 --> 00:11:57.282 - The ready grant? Oh, that would be fantastic. Yeah. I've been working on this. Awesome. Yeah. So we 00:11:57.282 --> 00:12:03.601 - had significant staff turnover earlier this year. And prior to that, they had been working 00:12:03.601 --> 00:12:10.615 - on the accessibility piece, which was what this funding was intended to support. And the preliminary 00:12:10.615 --> 00:12:17.629 - work to figure out what it would take to put a ramp on this building revealed that it was really not 00:12:17.629 --> 00:12:18.462 - going to be 00:12:18.626 --> 00:12:25.202 - super feasible, which is problematic, because that's now a public facility. So this has to do with two 00:12:25.202 --> 00:12:31.779 - things. Well, and Brad, you know this building well, the OG Scrap Box building. So the ramp would have 00:12:31.779 --> 00:12:38.164 - to go along the east side of the building, which would make it super long, the entrance over there. 00:12:38.164 --> 00:12:44.740 - Or there was some idea that it might connect over to the trail, which was also sort of weird. And then 00:12:44.740 --> 00:12:47.422 - for it to connect alongside the building, 00:12:47.554 --> 00:12:54.123 - which would make the most sense because that's where parking is, there would be required major parking 00:12:54.123 --> 00:13:00.756 - lot improvements, which were not feasible for the property owner. The property owner, however, has made 00:13:00.756 --> 00:13:07.261 - significant improvements based on feedback from the tenants. So they added lighting. They've, I can't 00:13:07.261 --> 00:13:13.702 - remember off the cuff. Sorry, I wasn't prepared for this. But they made some other changes that were 00:13:13.702 --> 00:13:15.998 - requested. And then simultaneously, 00:13:16.130 --> 00:13:23.965 - The REDI 2.0, I'm not sure if you're familiar with the REDI program, which is IEDC's, the Indiana Economic 00:13:23.965 --> 00:13:31.434 - Development Corps' main vehicle for supporting economic development across the state. We're in a REDI 00:13:31.434 --> 00:13:39.122 - region for the uplands. And then the Lilly Foundation partnered with REDI to do a round of grant funding 00:13:39.122 --> 00:13:46.078 - across the state that is specifically arts and culture focused. And so the city partnered with 00:13:46.562 --> 00:13:54.252 - local, it's like a consortium led by IU for a kind of four point project that would really 00:13:54.252 --> 00:14:02.873 - drive Bloomington's arts economy forward and make it support not just Bloomington but the region with 00:14:02.873 --> 00:14:11.408 - a kind of umbrella goal of entrepreneurship for artists, right? Like helping artists be able to make 00:14:11.408 --> 00:14:14.366 - a living at the work that they do. 00:14:14.754 --> 00:14:21.721 - So with that as the umbrella, then the incubator was a really critical part of that. But the grant proposes, 00:14:21.721 --> 00:14:28.305 - primarily because of this accessibility challenge, relocating the incubator to a different site inside 00:14:28.305 --> 00:14:34.697 - the Enterprise Zone. So it's been, this information will be released in early July. And so from the 00:14:34.697 --> 00:14:41.217 - staff perspective, not my Enterprise Zone hat, we were planning to come talk to you all about that in 00:14:41.217 --> 00:14:43.518 - July. So hopefully we'll have some, 00:14:43.746 --> 00:14:50.054 - some kind of news and some kind of recommendation for how to go forward, but would hopefully like to 00:14:50.054 --> 00:14:56.611 - hold onto that funding in order to drive this arts facility need. Okay, is that? Yeah, that's fantastic, 00:14:56.611 --> 00:15:02.856 - awesome. Thank you for the detail. Thank you for the update on that. Basically all of a sudden it's 00:15:02.856 --> 00:15:09.726 - like, Paige and I talked about it, we're gonna try and keep the funding there, details to come, so thank you. 00:15:15.650 --> 00:15:25.611 - Super important. Awesome. Wonderful. Thank you. Sorry, Dee, go ahead. Oh no, you're absolutely fine. 00:15:25.611 --> 00:15:36.066 - Love to hear it. Zone improvement grants. We have 51,000 committed or dispersed and 159,000 as a balance. 00:15:36.066 --> 00:15:45.534 - The highlighted section is that's the rub and this is another error on my part. I'm very sorry. 00:15:46.274 --> 00:15:53.753 - When you see my spreadsheet of grants, you can click down and say, ready to go, ready to go, not ready 00:15:53.753 --> 00:15:58.110 - to go. And somehow I clicked that's the rub as ready to go. 00:15:58.434 --> 00:16:05.682 - got it halfway through the process, realized that there was nothing in our minutes that officially approved 00:16:05.682 --> 00:16:12.527 - it. So that is why we are reviewing that grant today. So nothing has been dispersed, nothing has gone 00:16:12.527 --> 00:16:19.507 - out, so we still can amend that. But I'm glad that we caught it before anything else happened, and very 00:16:19.507 --> 00:16:23.198 - sorry about that. What category are you talking about? 00:16:23.746 --> 00:16:30.304 - Oh, you've got it highlighted in yellow. Yes. So there's no harm, no foul, right? Yeah, no harm. I don't 00:16:30.304 --> 00:16:36.738 - think you need to apologize. We can be excited that we're going to hopefully have a name for it. Yeah, 00:16:36.738 --> 00:16:42.984 - you're going to give some money to some people today. Yeah, no apology needed. And that pretty much 00:16:42.984 --> 00:16:49.792 - is it for financials at this juncture. Once again, when I can give you something more detailed and concrete, 00:16:49.792 --> 00:16:52.478 - I will have it to you as soon as possible. 00:16:53.154 --> 00:16:58.435 - Yeah, so let me stop sharing this. In light of just the challenges that we've had with getting 00:16:58.435 --> 00:17:04.106 - the financials, having this spreadsheet and allowing the board to sort of track and like what's going 00:17:04.106 --> 00:17:09.665 - out and what's committed and all of that, I think this is extremely helpful. So thank you very much 00:17:09.665 --> 00:17:15.280 - for putting this together and keeping it, you know, updated and so forth. It's incredibly helpful to 00:17:15.280 --> 00:17:21.173 - me too because I mean, you know, the wheels are going to be turned slowly and sometimes it takes a little 00:17:21.173 --> 00:17:22.174 - bit longer to get 00:17:22.722 --> 00:17:33.516 - things through the grinder than it should. So it's nice to know what I do have committed before I try 00:17:33.516 --> 00:17:44.098 - and commit to anything else. Yeah. So those are my two reports thus far. Yeah. I think we have that 00:17:44.098 --> 00:17:51.294 - grant. Yeah, we can launch right into the grant language. Yeah. OK. 00:17:52.194 --> 00:18:01.025 - So in the packet, which was incredibly long, the reason it was long was because I put in all of the 00:18:01.025 --> 00:18:10.474 - current grant guidelines and language so everyone could have a very clear picture of what grant applicants 00:18:10.474 --> 00:18:18.334 - are seeing when they're applying for a grant. There is a highlighted section within that 00:18:18.594 --> 00:18:28.037 - which this is also part of a solo page in here that has the capital improvement grants eligibility. 00:18:28.037 --> 00:18:37.573 - With these eligibility criteria, this is nothing new from what's already kind of been in the grants. 00:18:37.573 --> 00:18:45.694 - It's just incredibly clear what we're going for. We haven't really had a whole lot of 00:18:46.242 --> 00:18:54.415 - issues necessarily as far as people asking for things outside of this criteria that don't fit outside 00:18:54.415 --> 00:19:02.427 - of this criteria. Also with applicants, as we saw with the Wonder Lab and the maintenance ask, that 00:19:02.427 --> 00:19:10.519 - is something that I think that when we were creating the grant and we put it out there, it's assumed 00:19:10.519 --> 00:19:15.006 - that you're not going to ask for perpetual maintenance. 00:19:15.842 --> 00:19:22.733 - but now we came to a point where someone has asked for perpetual maintenance, so now we need to just 00:19:22.733 --> 00:19:29.829 - clarify that that's not something that we're willing to cover. So that's what this eligibility criteria 00:19:29.829 --> 00:19:36.719 - is. It's very clear in our minor improvement grant, but it was very much, it very much felt inferred 00:19:36.719 --> 00:19:41.086 - with the other capital improvement grants. So this is, this is, 00:19:42.146 --> 00:19:49.322 - feel that the board should approve this particular language because this is what I will be putting forward. 00:19:49.322 --> 00:19:56.432 - This will be public facing on the site and for any packet material for any applicants or people interested 00:19:56.432 --> 00:20:03.143 - in this. So there's that part. Does anyone have any questions about the eligibility criteria or feel 00:20:03.143 --> 00:20:09.987 - that anything else should be added to the eligibility criteria? Is only the highlighted section in the 00:20:09.987 --> 00:20:10.718 - first part 00:20:11.106 --> 00:20:18.288 - the change or is it changed throughout? We're just highlighting that is pretty much applicable on each 00:20:18.288 --> 00:20:25.331 - grant. Yeah. So the way it's structured and this is an accessible packet, so it'll look different on 00:20:25.331 --> 00:20:32.583 - the website. But the headline is basically capital improvement grants and then the eligibility criteria 00:20:32.583 --> 00:20:39.486 - will be right underneath it before you go into any of the other grant guidelines. So off the cuff, 00:20:39.810 --> 00:20:50.789 - this is the eligibility criteria for all capital improvement grants, if that makes sense, yeah? 00:20:50.789 --> 00:21:02.225 - All right, and then moving forward, if there are no other questions, and of course we can come back 00:21:02.225 --> 00:21:07.486 - to it if you would like. Oh, go for it. Sure. 00:21:08.002 --> 00:21:15.358 - clearly must be located within the Bloomington Urban Enterprise Zone. So we're saying for businesses, 00:21:15.358 --> 00:21:22.713 - they must be in the zone. For nonprofits, they must be in the zone or serve residents of the zone. So 00:21:22.713 --> 00:21:30.141 - thank you for catching that. There should be some clarification as we've like we discussed our grants. 00:21:30.141 --> 00:21:35.838 - So I will update that to the language that we had clarified in prior meetings. 00:21:36.290 --> 00:21:48.809 - Yes, thank you. I have a question just for clarification that I didn't see previously. The language 00:21:48.809 --> 00:22:01.954 - of ineligible major renovations or structural overhauls, is that further explained somewhere or is there 00:22:01.954 --> 00:22:03.582 - some type of 00:22:04.130 --> 00:22:10.455 - dollar amount, what's the, how would you know what that means? No, that's actually another really good 00:22:10.455 --> 00:22:16.781 - catch because that falls under the, wait a minute. Are you looking in the highlighted section? Oh, no, 00:22:16.781 --> 00:22:23.168 - maybe I'm not. I think I'm going too far. There's a minor improvement grant that specifically says that 00:22:23.168 --> 00:22:29.370 - the minor improvement grant is not for major renovations or construction. Okay. Okay. So that one is 00:22:29.370 --> 00:22:30.046 - a, that's, 00:22:30.370 --> 00:22:37.659 - very much a micro-grant. You're fixing a window, you're putting in a new lock or something. So it can't 00:22:37.659 --> 00:22:44.738 - go towards some type of major, if somebody needed to fill in a gap, they were doing something and it 00:22:44.738 --> 00:22:51.956 - was maybe $10,000 and they had $9,000. No, this one is, we want to keep this one specifically for that 00:22:51.956 --> 00:22:59.035 - section. Because there is a considerable amount of money for the other larger programs. Okay, great. 00:22:59.035 --> 00:22:59.806 - Thank you. 00:22:59.938 --> 00:23:07.546 - And just for clarity on that D, that is that sort of flexible up to $1,000 grants that you and team 00:23:07.546 --> 00:23:15.155 - internally can approve that doesn't have to come to the board. It's reported to the board, but that 00:23:15.155 --> 00:23:23.144 - way it allows quick flexibility. So if someone has a broken window or something and they need that fixed 00:23:23.144 --> 00:23:28.926 - quickly, you can have that flexibility to approve it and get the money out. 00:23:31.298 --> 00:23:38.357 - Is it equipment? I have a question, sorry. Sure. In the capital, purchases of new equipment not related 00:23:38.357 --> 00:23:45.619 - to repairs is not eligible. I guess I viewed capital as like, what if they need a major piece of equipment 00:23:45.619 --> 00:23:52.406 - to do their business? I don't know, like a printing press. What? I don't know. Is that capital? Are 00:23:52.406 --> 00:23:59.736 - we just looking at building repairs? We're looking at building repairs. That's more acquisition of personal 00:23:59.736 --> 00:24:00.958 - property. Oh, OK. 00:24:01.890 --> 00:24:08.049 - My interpretation when we talk about capital improvement is the physical space in which the building 00:24:08.049 --> 00:24:14.513 - resides. I think that if we want to venture into something about personal property, like a major personal 00:24:14.513 --> 00:24:20.916 - property investment, that's something that we should discuss. But I think that that's very much separate 00:24:20.916 --> 00:24:25.246 - from the real property that we're talking about. Great. OK. Thank you. 00:24:34.466 --> 00:24:52.849 - Okay, so all of these are under this header. This header is applying to the minor improvement, the business 00:24:52.849 --> 00:25:04.254 - and safety, everything. Okay. The language on in-kind staff labor, 00:25:04.418 --> 00:25:13.547 - At the bottom? Yeah. Oh, so moving forward. Cool. Oh, well, I guess I was under the ineligible expenses. 00:25:13.547 --> 00:25:22.241 - Oh, yes. OK, I just. So this will change, barring our next conversation. I was going to say, it's a 00:25:22.241 --> 00:25:31.109 - little bit confusing. Yes. OK. So the first part is how the grants stand on the public facing without 00:25:31.109 --> 00:25:33.022 - the highlighted text. 00:25:34.050 --> 00:25:43.271 - Our next step is to look at the in-kind labor match option that we had discussed at the last staff meeting. 00:25:43.271 --> 00:25:51.895 - Teagan was wonderful to get this together before she left for Ireland. We'll see her in July, maybe. 00:25:51.895 --> 00:26:00.946 - The purpose of the in-kind labor match is to reduce a certain amount of financial burden for the matching 00:26:00.946 --> 00:26:03.422 - requirement that we have for 00:26:03.522 --> 00:26:13.433 - our grants. Actually, I'm going to talk about the additional match waiver that is in the packet after 00:26:13.433 --> 00:26:23.248 - the in-kind labor match. I think that both of these programs could be options. I think that it would 00:26:23.248 --> 00:26:29.758 - be better to choose one. But we've discussed having in-kind labor, 00:26:30.018 --> 00:26:39.949 - to assuage some of the burden of having the matching. Then last meeting, we also discussed getting rid 00:26:39.949 --> 00:26:49.687 - of the match entirely. We inserted a match waiver option as well. I think that it satisfies both the 00:26:49.687 --> 00:26:58.654 - idea of larger businesses having some skin in the game and not just getting some free money, 00:26:58.946 --> 00:27:05.789 - because some people just know how to write a grant. Some people know who to ask and how to ask and when 00:27:05.789 --> 00:27:12.369 - to ask. And some people are gun shy about asking for grants because A, they don't have the money to 00:27:12.369 --> 00:27:19.212 - match, B, they've never done it before, C, they don't know about the program or find out about it late. 00:27:19.212 --> 00:27:25.726 - So with the match waiver, which I think is a great option, it's fewer than 50 full-time part-time, 00:27:26.018 --> 00:27:35.281 - full-time and part-time employees and less than a million dollars in annual gross revenue. We're really 00:27:35.281 --> 00:27:44.455 - targeting smaller businesses. It's very succinct as to who can ask to not have to match. It's a pretty 00:27:44.455 --> 00:27:53.718 - simple process. I think that this satisfies a lot of the conversations that board members have had time 00:27:53.718 --> 00:27:55.678 - and time and again of 00:27:56.002 --> 00:28:04.800 - Why are we doing a match? Do we do a match? When is the best time? And the match waiver is really just 00:28:04.800 --> 00:28:13.342 - that simple. How many employees? Are you less than a million? And are you within the zone? This one 00:28:13.342 --> 00:28:22.055 - is particularly, are you physically located within the zone? The in-kind match I think is also a very 00:28:22.055 --> 00:28:23.934 - good option, however, 00:28:24.546 --> 00:28:35.778 - It can get more complicated for a small business who may not have the staff ability to do that. Some 00:28:35.778 --> 00:28:47.009 - small businesses are really only a couple people. In kind is kind of a vague term. It can be hard to 00:28:47.009 --> 00:28:51.902 - kind of put those things on there. However, 00:28:52.770 --> 00:29:01.649 - The worksheet that's put together is a simple worksheet that I personally think does actually satisfy 00:29:01.649 --> 00:29:10.790 - all of the requirements of what you would want to see in an in-kind labor match when someone is applying 00:29:10.790 --> 00:29:19.582 - for the grant. So I would love to hear your opinions on either of these as you've read through them. 00:29:20.450 --> 00:29:31.304 - happy to take any questions on any of them. I'm a fan of the word G. I think it is succinct and gets 00:29:31.304 --> 00:29:42.373 - straight to the point. Easy to fill out. Put that together and calculate what we're looking at. So are 00:29:42.373 --> 00:29:50.110 - we also saying that someone could use the in-kind labor match and well, 00:29:50.338 --> 00:29:57.979 - I guess it wouldn't matter then if they use the waiver because it's one or, now that I'm thinking all 00:29:57.979 --> 00:30:05.470 - of that through, it would be one or the other. Yeah. Or neither. I mean, they may not, but it's one 00:30:05.470 --> 00:30:13.635 - or the other then when we're talking about the labor match, or they might just submit a waiver to completely 00:30:13.635 --> 00:30:18.654 - waive the match. Yes. Okay. I guess I have a question. Sure. Okay. 00:30:19.490 --> 00:30:27.962 - The umbrella goal of the BUBA is to foster economic vitality within the enterprise zone. We've unpacked 00:30:27.962 --> 00:30:36.189 - that a little more to understand that grants can go to zone impacting organizations. It doesn't just 00:30:36.189 --> 00:30:44.743 - have to be physically located in the zone. It can be zone impacting. So I guess I'm curious why we would 00:30:44.743 --> 00:30:47.838 - require the waiver to have a physical 00:30:48.034 --> 00:30:55.006 - within the zone. What's the economic, what's the benefit to that? How does that balance? None, but I 00:30:55.006 --> 00:31:01.979 - wanted to make sure that there were some pretty clear-cut restrictions on the match waiver, and this 00:31:01.979 --> 00:31:09.020 - can be changed. I mean, there is nothing set in stone here. If that is something that the board wants 00:31:09.020 --> 00:31:16.062 - to get rid of, I'm happy to get rid of it. I mean, my personal opinion is just that this is an add-on 00:31:17.186 --> 00:31:25.520 - the grant will already go through all the criteria, eligibility criteria, through the evaluation process. 00:31:25.520 --> 00:31:33.775 - And so this is just for the match waiver, right? So I don't think that really, for me, it doesn't belong 00:31:33.775 --> 00:31:41.952 - there. It's just one more filter. So that was one question. And then fewer than 50 full time, less than 00:31:41.952 --> 00:31:45.726 - a million in annual gross revenue, I think that 00:31:47.010 --> 00:31:55.770 - The intent is for it to be truly a small business. So that makes sense. And I just wonder if that, 00:31:55.770 --> 00:32:04.707 - are those, are those correct for a match waiver? Are you trying to, who are we trying to support? If 00:32:04.707 --> 00:32:13.733 - we're trying to support really vulnerable businesses for the match waiver, then is this the right way 00:32:13.733 --> 00:32:15.326 - to identify them? 00:32:17.218 --> 00:32:26.242 - Isn't that the Small Business Administration's definition for 500,000? Five million is the minimum, 00:32:26.242 --> 00:32:36.168 - but 50 employees. We kept it at 50 employees because of restaurants who may have a large roster of employees. 00:32:36.168 --> 00:32:43.838 - Absolutely. That's not FTE, that's just employees. It's not full-time. 50 employees. 00:32:45.186 --> 00:32:54.293 - Yeah, so the SBA definition, just non-manufacturing businesses under 7.5 million, they must have increased 00:32:54.293 --> 00:33:02.889 - that. And then what I thought it was 500 employees. So that's really something different altogether. 00:33:02.889 --> 00:33:11.740 - And it makes sense to me that the BBA has a different standard. Yeah, I love this idea. I guess I don't 00:33:11.740 --> 00:33:14.974 - know what some of the small business, 00:33:15.682 --> 00:33:23.451 - Is that an average growth? So, you know, I don't know. Some of those bars that have 40 employees, I'm 00:33:23.451 --> 00:33:30.763 - sure they're killing it. Like Kilroy's, I don't know how much they're bringing in with it. But, 00:33:30.763 --> 00:33:38.380 - you know, so I kind of have that question too. I fully, fully support this waiver, but just want to 00:33:38.380 --> 00:33:44.702 - make sure we're dialed in right. I think the 50 employees sounds solid because you 00:33:44.802 --> 00:33:51.965 - definitely want to be able to capture some restaurants that might have like 30 or 40 fluctuating part-time 00:33:51.965 --> 00:33:58.995 - employees or things like that. You don't want to exclude because of that number. But I'm wondering about 00:33:58.995 --> 00:34:05.757 - the gross receipts. And that's just me simply not knowing. I mean, Brad, you're a business owner. Do 00:34:05.757 --> 00:34:13.054 - you have thoughts on that? And of course, Virginia as well. And Felicia's on. Business owners have thoughts. 00:34:14.530 --> 00:34:24.666 - I'm fine with these, with these definitions. I mean, I think a million in gross revenue would be a lot 00:34:24.666 --> 00:34:34.802 - for a, you know, for a small, particularly for any kind of, for a retail business, that would be, that 00:34:34.802 --> 00:34:44.446 - would be a lot. I don't, yeah, I don't think we, but certainly Kilroy's is doing more than. Yeah. 00:34:44.674 --> 00:34:52.515 - They're probably good. I think that's a pretty good number. Can we do some other kind of examples? What 00:34:52.515 --> 00:35:00.205 - about the owlery? Because I don't know gross revenue at all, either. Would they have fallen into this 00:35:00.205 --> 00:35:08.197 - category? I think $1 million. No, I think $1 million is not much for a restaurant. Food prices are really 00:35:08.197 --> 00:35:13.022 - high, and anyone who's turning a fair amount of tables, I don't 00:35:13.378 --> 00:35:19.782 - want to share information I'm not empowered to share, but like, I think, um, pre pandemic, certain coffee 00:35:19.782 --> 00:35:25.884 - shops may have been in that neighborhood. So I think when you add food to it, the dollar goes really 00:35:25.884 --> 00:35:32.167 - high. And I guess that's why I want to get at that question of like, who are we trying to help? Because 00:35:32.167 --> 00:35:38.208 - with this, with these filters, there's not a demonstration of need. So, but it's a demonstration of 00:35:38.208 --> 00:35:43.102 - size and that's fine. If that's what the board wants you to do, like we want to, 00:35:43.458 --> 00:35:49.629 - offer the waiver to small operations, and this is how we're gonna define small operations. I always 00:35:49.629 --> 00:35:55.985 - am thinking more about like, who are the struggling operations? How can we define that? Like, did they 00:35:55.985 --> 00:36:02.341 - declare a loss on their income, on their K-1s or whatever? Is that a way? I think I would- I mean, you 00:36:02.341 --> 00:36:08.574 - could use an earnings test, a profit test instead of a gross revenue test, if you wanted to. I would 00:36:08.574 --> 00:36:12.894 - probably struggle with, if there were a battle between need and size, 00:36:13.282 --> 00:36:20.370 - I would probably have an objection to need, especially if they would extend the size, because you could 00:36:20.370 --> 00:36:27.390 - easily, you know, have 2 million and claim a loss of 1.5. That would be a little crazy, but, you know, 00:36:27.390 --> 00:36:34.205 - you could, but it's conceptual, right? So, and if it were, okay, if you're in the zone and the loss 00:36:34.205 --> 00:36:41.566 - doesn't matter and you could, I mean, I guess what I'm trying to say is I think both would have to be true. 00:36:41.858 --> 00:36:48.953 - to make it make sense. I don't think it would be reasonable to also allow just claiming a loss because 00:36:48.953 --> 00:36:56.116 - you could potentially have 200 employees and I mean, who didn't claim a loss, right? Who hasn't claimed 00:36:56.116 --> 00:37:03.211 - a loss depending on how long you've been established and if you were in COVID and you know, so I would 00:37:03.211 --> 00:37:10.099 - argue that both would have to be true or it would just have to be at the size irrespective of need. 00:37:10.099 --> 00:37:11.614 - But that's just my... 00:37:13.090 --> 00:37:22.523 - And excuse me, can I say something, please? Yeah, of course. And this is what I meant. And maybe my 00:37:22.523 --> 00:37:32.050 - passion overweighs sometimes what I'm trying to reach. And I didn't mean to disregard Brad or Regina 00:37:32.050 --> 00:37:42.238 - being business owners when I spoke last month. I just meant the smaller businesses in the zone because it's 00:37:42.754 --> 00:37:54.086 - in this time right now is different for smaller businesses. And just like Virginia said, even as a larger 00:37:54.086 --> 00:38:05.310 - business, you could have the need. And I don't want our level of criteria to outweigh the need of people 00:38:05.310 --> 00:38:10.014 - in the zone, no matter what size you are or 00:38:10.818 --> 00:38:21.101 - how many employees you have, because in this time right now, there's need to help businesses. And that's 00:38:21.101 --> 00:38:30.895 - how we stand aside from banks. So I think that is a beautiful compromise to what you guys are doing 00:38:30.895 --> 00:38:38.142 - by putting the waiver out. But then again, on another hand, it still sets 00:38:39.970 --> 00:38:51.634 - people would leave aside because you're biased on how big or how large the business was before these 00:38:51.634 --> 00:39:03.644 - triumph times. And that can happen to any size business, especially in the zone. Yeah, I do fully agree 00:39:03.644 --> 00:39:09.534 - with your point, or I fully understand your point. 00:39:09.858 --> 00:39:21.746 - I would say though when it comes to, I think that part of the idea of keeping it for smaller businesses 00:39:21.746 --> 00:39:33.519 - with smaller revenues is money attracts money. And so larger companies, larger businesses tend to have 00:39:33.519 --> 00:39:38.206 - an easier avenue to obtain more funding. 00:39:38.658 --> 00:39:47.193 - they can usually get more traditional funding and have those different tools to use. Whereas when smaller 00:39:47.193 --> 00:39:55.970 - businesses go into and have an issue, it's harder for them to get traditional lenders and to get traditional 00:39:55.970 --> 00:40:04.425 - funding, which is why I think that we were focusing on smaller revenues and smaller numbers. But I fully 00:40:04.425 --> 00:40:07.646 - understand what you're saying for sure. 00:40:09.186 --> 00:40:16.382 - And because our budget is limited for these particular categories, I mean, there is some consideration 00:40:16.382 --> 00:40:23.648 - around that, to your point, D, that we've essentially sort of, the waiver exists because we don't have, 00:40:23.648 --> 00:40:30.914 - you know, hundreds of thousands of dollars in budgets for these grants, so that the waiver really tries 00:40:30.914 --> 00:40:38.110 - to reach some of the most vulnerable small businesses, whereas to your point, larger business can have 00:40:38.274 --> 00:40:46.796 - greater access to other funding resources. So, I mean, I think that also might be a point of decision 00:40:46.796 --> 00:40:55.234 - or discussion with us as well, you know, that we could still base it with around some need, but with 00:40:55.234 --> 00:41:03.589 - some of these other criteria because we've set as an organization, we want to, because we have just 00:41:03.589 --> 00:41:04.926 - a finite amount 00:41:05.026 --> 00:41:13.131 - of money from our budget that we want to make sure that those that are receiving waivers are some of 00:41:13.131 --> 00:41:21.477 - our vulnerable small you know might you know what might be some of the micro businesses I you know just 00:41:21.477 --> 00:41:29.342 - kind of throwing that out there for thought and discussion. I'd like to say so this waiver is for 00:41:29.698 --> 00:41:38.163 - funding for capital improvement, buildings, safety and security and accessibility. It's not for operations. 00:41:38.163 --> 00:41:46.784 - It's not for paying staff to do business as usual. I'm thinking about Lotus. We would fit under 50 employees, 00:41:46.784 --> 00:41:54.622 - under a million dollars, but I wouldn't have any money for capital improvement at all in my budget. 00:41:55.074 --> 00:42:01.979 - If I need to do a capital improvement, safety and security accessibility, I have to get outside money, 00:42:01.979 --> 00:42:08.683 - because that's not part of, like, we operate under this money, and there's nothing, there's nothing 00:42:08.683 --> 00:42:15.386 - extra, you know? And the building is, I mean, for us specifically, it's a historic building, right? 00:42:15.386 --> 00:42:21.822 - It's like something that needs to be maintained. But like, the waiver, it's like why, why even, 00:42:22.786 --> 00:42:33.539 - Why have the barrier of the in kind when most businesses are not going to have the money for these kinds 00:42:33.539 --> 00:42:43.575 - of expenses anyways? I mean, I don't know how many businesses in the zone have money for building 00:42:43.575 --> 00:42:51.358 - improvements, unless they own the building, but how many own the buildings? 00:42:51.522 --> 00:42:58.009 - I have a personal example of that actually, because depending on, well, now that the economy's a little 00:42:58.009 --> 00:43:04.683 - different, so a lot of, if you're leasing, a lot of places will do certain leasehold improvements, whereas 00:43:04.683 --> 00:43:11.046 - 10 years ago, it was all on the person renting, right? So in commercial, a lot of times they're doing 00:43:11.046 --> 00:43:17.470 - it because they want you in the space, and it's just harder, it's more of a buyer's market, right? But 00:43:17.470 --> 00:43:18.718 - you find the money. 00:43:18.850 --> 00:43:24.685 - I mean, I'm just saying, like, if you have to improve the space to fit it to what you need, you figure 00:43:24.685 --> 00:43:30.633 - out how to get the money. So, I mean, I just, I would agree that sometimes- You're applying for a grant, 00:43:30.633 --> 00:43:36.580 - right? Yeah, yeah. Or asking for investors or something like that. So you're saying that it's a barrier? 00:43:36.580 --> 00:43:42.528 - Yeah, it's not outside of your regular operations. We're not paying for anyone's salaries. We're asking, 00:43:42.528 --> 00:43:47.230 - like, people are coming to us to ask for something that's outside of their budget. 00:43:47.394 --> 00:43:55.850 - So whatever size you are, whatever kind of business you are, if you are in the zone, shouldn't you just 00:43:55.850 --> 00:44:04.225 - have access to capital improvement? Because that is what is actually making the zone better, is having 00:44:04.225 --> 00:44:12.437 - a better looking, better structured community in this area. I think there's two competing principles 00:44:12.437 --> 00:44:16.990 - here. One is we want to make it as easy as possible for 00:44:17.570 --> 00:44:24.374 - struggling organizations and businesses to access capital. On the other hand, we want to make this money 00:44:24.374 --> 00:44:31.113 - go as far as we can make it go and support as many organizations as we can. So we don't want businesses 00:44:31.113 --> 00:44:37.593 - that are thriving who don't really need this money to come in and scoop it all up. So we don't have 00:44:37.593 --> 00:44:44.268 - money to support the ones that are in the most need. So I think what we're trying to do here is create 00:44:44.268 --> 00:44:45.758 - some test for the need 00:44:46.050 --> 00:44:54.617 - that we could that we can apply so that so we're making sure the money goes you know to the to the people 00:44:54.617 --> 00:45:02.941 - who really need it so I was just gonna say it references here applicants seeking the match waiver must 00:45:02.941 --> 00:45:11.023 - complete the match waiver request form we don't have an actual we don't have that form I would just 00:45:11.023 --> 00:45:15.710 - suggest that on that form there's some portion where they 00:45:15.938 --> 00:45:24.754 - describe the need or the hardship that should justify the waiver of the match. It doesn't have to be 00:45:24.754 --> 00:45:33.832 - a strict quantifiable guideline, but I think we can judge relative to the other applications that we're 00:45:33.832 --> 00:45:42.735 - seeing at the time where the need falls. That's really helpful. I was just pulling up the bylaws just 00:45:42.735 --> 00:45:43.870 - to orient us 00:45:43.970 --> 00:45:49.690 - And so briefly without the big preamble, the corporation may coordinate zone development activities, 00:45:49.690 --> 00:45:55.354 - serve as a catalyst for zone development, promote zone to outside groups and individuals, establish 00:45:55.354 --> 00:46:01.245 - a formal line of communication with residents and businesses in the zone, act as a liaison, blah, blah, 00:46:01.245 --> 00:46:06.965 - blah, blah, blah, blah, initiate and coordinate any community development activities that aid in the 00:46:06.965 --> 00:46:10.590 - employment of zone residents, improve the physical environment, 00:46:11.202 --> 00:46:19.686 - or encourage the turnover or retention of capital in the zone. So I don't have an argument. I'm just 00:46:19.686 --> 00:46:28.338 - offering that as centering. Yeah. I think all the comments here are really good. And I think that your 00:46:28.338 --> 00:46:36.906 - point's good, Brad, in that being able to just simply make the case. If Lotus came to your point, you 00:46:36.906 --> 00:46:38.334 - don't have money 00:46:38.466 --> 00:46:48.294 - for capital, but you have found that suddenly there's a $7,500. I think in the waiver application, then 00:46:48.294 --> 00:46:57.933 - make the point of the need. It's not in the regular budget for the organization. I don't know another 00:46:57.933 --> 00:47:06.910 - example. Someone who'd be outside of that $1 million in under 15 points. Someone who operates. 00:47:07.010 --> 00:47:14.583 - a business in the zone who's above that, but would still have, not necessarily have funding for these 00:47:14.583 --> 00:47:22.602 - specific kinds of things. And the only things that I can think of are like the Buskirk Chumley or something 00:47:22.602 --> 00:47:30.176 - or like, but again, these are historic buildings, so maybe it's a little different or. And they could 00:47:30.176 --> 00:47:36.190 - go through the historic facade potentially if it's like facade. I'm just, we're, 00:47:36.322 --> 00:47:44.653 - kind of nitpicking a little about who should be getting this money. But it feels like the zone, if you're 00:47:44.653 --> 00:47:52.513 - in the zone, you have a need, don't you? Isn't that the whole point of the zone? The whole point is 00:47:52.513 --> 00:48:00.765 - the distrust of low-cum-census. Yeah. So whether you make over a million dollars or not, you might still 00:48:00.765 --> 00:48:06.110 - have a need. And let's just say you are trying to really invigorate 00:48:06.690 --> 00:48:13.858 - the building that you're in that, yeah, I don't know. I'm just trying to understand a little more like 00:48:13.858 --> 00:48:21.095 - why do we need to be so specific and limiting of those that apply when this whole, like everybody, like 00:48:21.095 --> 00:48:28.541 - we need to be supporting businesses so they can actually do stuff, right? And it feels like we're actually 00:48:28.541 --> 00:48:31.742 - hindering. And these are only for the waiver. 00:48:31.906 --> 00:48:38.442 - All of the other businesses can't apply. They just have to bring the match. They have to bring the match, 00:48:38.442 --> 00:48:44.608 - right? Yeah, so OK. So if you have over a million dollars, does that necessarily mean that you have 00:48:44.608 --> 00:48:50.959 - money outside of your regular business to be putting into building improvements or safety and security 00:48:50.959 --> 00:48:57.125 - and accessibility? I appreciate what you're pushing on. And so I might summarize kind of what I see 00:48:57.125 --> 00:48:59.838 - as the types of things we're talking about. 00:48:59.938 --> 00:49:06.904 - On one hand, we have this proposal for a match waiver that is focused on business size. We have one 00:49:06.904 --> 00:49:13.939 - discussion that I think we backed away from about need, because I think we think there's a need. And 00:49:13.939 --> 00:49:20.974 - then I don't know what the third category is kind of questioning. Do we need a match at all? Is that 00:49:20.974 --> 00:49:29.054 - kind of where you're pointing to? Or do we need a criteria for a waiver? But either way, the third option, I think, 00:49:29.186 --> 00:49:37.258 - more expansive, less of a barrier. Is that how you guys are understanding where we are? Yeah, I would 00:49:37.258 --> 00:49:45.329 - say that the options that are on the table right now are match waiver, no match at all. Those are the 00:49:45.329 --> 00:49:52.926 - two clear ones that I am getting from the board in general. I personally favor no match at all. 00:49:53.282 --> 00:50:01.947 - From an administrative point of view, it's very helpful. I think it maximizes the amount of people who 00:50:01.947 --> 00:50:10.612 - are willing to apply for something. I think it's a major barrier when they see that they have to match 00:50:10.612 --> 00:50:20.286 - up to 50 percent of their ask. Because when people are asking for money, it's usually because they don't have any. 00:50:20.674 --> 00:50:28.214 - I am partial to that. I have given options, and it is up to you to decide. I'm sorry. I just want to 00:50:28.214 --> 00:50:36.053 - add one more thing. So we're talking about building safety and accessibility in the zone, but then we're 00:50:36.053 --> 00:50:43.519 - also talking about businesses applying for these grants who are serving the zone and outside of it. 00:50:43.519 --> 00:50:50.014 - The fact that it's funding for physical improvement, does it make sense to apply that? 00:50:51.266 --> 00:50:57.822 - that same accessibility to people who are outside the zone. Is that, am I? So like the benefit of having 00:50:57.822 --> 00:51:04.128 - the address requirement is that these investments are going to the physical improvement of the zone, 00:51:04.128 --> 00:51:10.621 - which is cited in the bylaws. And so therefore you would want that barrier because you're ensuring that 00:51:10.621 --> 00:51:16.990 - the dollars are going to the improvement of the zone itself. I'm fine with that, like I do think that 00:51:18.082 --> 00:51:25.197 - The bar for businesses that are physically outside the zone should be a little bit higher. I'm not saying 00:51:25.197 --> 00:51:31.910 - we should eliminate it completely, but I'm totally fine with saying if you're outside the zone, you 00:51:31.910 --> 00:51:38.958 - gotta pay the match. We're reserving match-free grants for businesses and organizations inside the zone. 00:51:38.958 --> 00:51:41.374 - I don't have any objection to that. 00:51:41.890 --> 00:51:48.109 - I'm sorry I don't mean to interrupt you Kate. I do want to note our time and we have not reviewed the 00:51:48.109 --> 00:51:54.206 - one grant request we have for today. I think this is an awesome discussion and I wonder if we could 00:51:54.206 --> 00:52:00.487 - D if you could maybe refine this a little bit on basic and if we could pick this up Kate I didn't want 00:52:00.487 --> 00:52:06.462 - to take your comments there off the table but I wonder if everyone is is good with that so we can 00:52:06.722 --> 00:52:14.737 - actually do the business of approving one of our rights today. Thank you for the discussion. I will 00:52:14.737 --> 00:52:22.911 - come back with some more fine-tuned things for this. Yeah, let's move on. If that's okay that this is 00:52:22.911 --> 00:52:31.006 - cutting into another meeting, I can do a little off, but I do have two more thoughts actually. Okay. 00:52:31.106 --> 00:52:40.265 - All right, so that's the rub. AD is located in the grant building. They are doing physical improvements. 00:52:40.265 --> 00:52:49.075 - This is a business building improvement grant. There is painting, patching, and priming of walls and 00:52:49.075 --> 00:52:58.146 - treatment in the hallways. This is a CFC building. CFC is a fantastic support of small businesses. They 00:52:58.146 --> 00:53:00.414 - are incredible landlords. 00:53:00.578 --> 00:53:08.132 - They are putting up part of the match as per usual with most of their projects. They're also helping 00:53:08.132 --> 00:53:15.835 - with tenant improvements. This is pretty straight forward, I feel. So do you have questions if there's 00:53:15.835 --> 00:53:23.314 - anything specific? Sorry, because the time is limited. I don't really. I just can't. I think I need 00:53:23.314 --> 00:53:30.270 - to log in to Civvy Forms if you. Oh, to see the. Yeah. Hold on. I can't see a picture. Yeah. 00:53:30.530 --> 00:53:38.553 - I can, I got pictures. I think you have to make them really small. If you're doing that, it sounds good 00:53:38.553 --> 00:53:46.344 - to me. I'm not, I pulled it down and say that to my desktop center. I think too, they're in a really 00:53:46.344 --> 00:53:54.521 - difficult location, that huge one way street and stuff. So yeah, so hard to get foot traffic. Is anything 00:53:54.521 --> 00:53:56.990 - so I look through the pictures, 00:53:57.090 --> 00:54:04.315 - from a contractor perspective, it looks like there's maybe some humidity issues. Do we know if that's 00:54:04.315 --> 00:54:11.610 - being addressed? That is being addressed by CFC. OK. So there are other improvements that CFC is doing 00:54:11.610 --> 00:54:18.764 - to this so that these don't come back in a year. Yeah, so it doesn't come back in a year. So they're 00:54:18.764 --> 00:54:24.926 - not painting for painting sake. OK. All right. But yeah, some moisture, some cracking. 00:54:31.842 --> 00:54:43.596 - about this one? Okay, do we feel good about approving this grant? I'll move that we approve this grant. 00:54:43.596 --> 00:54:55.123 - Second. Okay, we'll deed a roll call for it. I think it's still up there. Sorry, if you want to start 00:54:55.123 --> 00:54:59.870 - the roll call for approval of that. Okay. 00:55:01.314 --> 00:55:07.943 - So that's a yes from you. Yes. OK. At least for now. Michael Hoover, yes. Fred Whistler, yes. Virginia 00:55:07.943 --> 00:55:14.571 - Guthrie, yes. Heather Robinson, yes. Jane Coopersmith, yes. Katerina Carl, yes. Kate Rosenberger, yes. 00:55:14.571 --> 00:55:21.135 - All right. Kate, so sorry to cut you off. Please finish with your comments. We have like two or three 00:55:21.135 --> 00:55:28.021 - minutes here. I don't remember. I had two things I don't remember. I think one was because we are becoming 00:55:28.021 --> 00:55:29.630 - more flexible with them, 00:55:30.210 --> 00:55:37.509 - zones that impact or businesses and nonprofits that impact the zone that are outside of the zone that 00:55:37.509 --> 00:55:44.807 - do want to be careful with like how much we give to one organization for sometimes the match might be 00:55:44.807 --> 00:55:51.963 - useful in order to leverage dollars that we can then use to help other organizations I guess like I 00:55:51.963 --> 00:55:56.542 - think if organizations or businesses have dollars to leverage I 00:55:56.706 --> 00:56:02.539 - I am interested in keeping that part still. And if they aren't, I think it makes sense to not have that 00:56:02.539 --> 00:56:08.372 - match. I don't know. It's just something I think about, I guess. But I definitely get to like improving 00:56:08.372 --> 00:56:14.037 - anything in the zone is useful. I mean, I think about some like facade grants that whether or not we 00:56:14.037 --> 00:56:19.645 - did the grant, they would be doing the facade renovation, right? So that was like nice to have, but 00:56:19.645 --> 00:56:25.310 - didn't need to have, which is okay, because definitely facade grants make the zone look much better. 00:56:25.538 --> 00:56:33.258 - I think about that sometimes too, I guess. Well, this grant in particular, they're leveraging CFC money, 00:56:33.258 --> 00:56:40.830 - which obviously CFC is, if they're the ones who are owning the properties, the match, well, it extends 00:56:40.830 --> 00:56:48.623 - our ability to, we don't have to give as much, it extends our ability to give more money to other people, 00:56:48.623 --> 00:56:49.726 - but then also, 00:56:50.754 --> 00:56:58.196 - Like maybe CFC is more willing to do these projects for the leaseholders because they're getting a little 00:56:58.196 --> 00:57:05.498 - bit coming to them. That makes sense too. So yeah, I don't know. I'll dissect this for all of you guys. 00:57:05.498 --> 00:57:12.519 - Good discussion. We'll continue that next month. And Dee, I think you were going to check July is a 00:57:12.519 --> 00:57:20.382 - tough one. Yes. So July, because we missed meetings earlier in the year, I would like to keep the July meeting. 00:57:20.610 --> 00:57:27.965 - Probably not the second week of July as it's right after the holiday. I know that usually we take this 00:57:27.965 --> 00:57:35.249 - month off or July off. I will send out a doodle poll to see if either of the remaining Wednesdays are 00:57:35.249 --> 00:57:42.390 - good around the same time. But there's just obviously we didn't get through all the business today. 00:57:42.390 --> 00:57:50.174 - I'd like to get through that business on Wednesday or on July. I'll be remote in July. That's not a problem. 00:57:50.754 --> 00:57:56.190 - All right, thank you all so much for your time.