WEBVTT 00:00:00.000 --> 00:00:06.350 - Okay, it is 5 o'clock good afternoon everybody welcome to the redevelopment commission meeting of 00:00:06.350 --> 00:00:07.720 - June 2nd 2025 00:00:07.720 --> 00:00:10.280 - We will start the meeting with a roll call, please 00:00:10.280 --> 00:00:15.760 - Cease camera Larry here Randy Cassidy here John West here Debra Meyerson here 00:00:15.760 --> 00:00:18.560 - We have staff present, please 00:00:18.560 --> 00:00:21.500 - You know, Gillian Hansen director of housing and neighborhood development 00:00:21.500 --> 00:00:24.280 - Christina Binley and department 00:00:24.280 --> 00:00:31.040 - I'm a casual and partner Jane Coopersman economic and sustainable development just come forward 00:00:31.040 --> 00:00:41.080 - And we'll finish our roll call for the RDC 00:00:41.080 --> 00:00:43.720 - Lord McRobbie 00:00:43.720 --> 00:00:49.320 - Here. Thank you. Any other city staff that we didn't get to with the final RDC 00:00:49.920 --> 00:00:51.920 - copper engineer 00:00:51.920 --> 00:00:59.560 - Julie's Mitchell, sorry, who's our new staff member in office? 00:00:59.560 --> 00:01:08.600 - And then we have Jeff Jackson our transportation demand manager as well, okay, excellent. Thank you 00:01:08.600 --> 00:01:10.680 - everybody and welcome 00:01:10.680 --> 00:01:12.440 - so 00:01:12.440 --> 00:01:17.760 - On our agenda this evening. We have the minutes from May 5th, 2025 00:01:18.480 --> 00:01:23.240 - Do we have any questions or comments from commissioners? If not, I'll entertain a motion 00:01:23.240 --> 00:01:25.920 - so moved 00:01:25.920 --> 00:01:29.640 - First in a second all in favor say aye. Aye any opposed? 00:01:29.640 --> 00:01:32.520 - motion passes unanimously 00:01:32.520 --> 00:01:38.760 - Next on our agenda is the claim registers to claim it. Sorry claim register. Just one 00:01:38.760 --> 00:01:44.620 - We've got two payroll registers the claim register is May 23rd, 2025 any questions or comments from 00:01:44.620 --> 00:01:45.400 - commissioners? 00:01:46.960 --> 00:01:52.160 - Quick question or comment just for the general public in regards in 686 the Habitat for Humanity of 00:01:52.160 --> 00:01:53.480 - Monroe County 00:01:53.480 --> 00:01:56.140 - That's supplementary down payment of 20,000 00:01:56.140 --> 00:02:01.600 - Is that just to assist in the purchase of the homes for the medium income and that's a 00:02:01.600 --> 00:02:04.720 - Program that is monitored through Habitat 00:02:04.720 --> 00:02:11.240 - or through Habitat we administer several of those programs at the end of 00:02:11.240 --> 00:02:14.520 - 2024 00:02:15.080 --> 00:02:18.000 - There was some additional supplemental money that we allowed 00:02:18.000 --> 00:02:23.860 - gave in a grant to Habitat for these additional seven additional down payments because some of 00:02:23.860 --> 00:02:24.240 - their 00:02:24.240 --> 00:02:29.760 - Habitat funding had dried up. So I do believe that that was one of those particular instances 00:02:29.760 --> 00:02:33.560 - So there's still some money that's being allocated so we can get people 00:02:33.560 --> 00:02:37.000 - we have a significant number of 00:02:40.680 --> 00:02:45.770 - Allocations available for down payment and closing cost assistance not just for that particular 00:02:45.770 --> 00:02:46.540 - program 00:02:46.540 --> 00:02:49.800 - But I believe that there's at least three programs that have funding available 00:02:49.800 --> 00:02:53.840 - So we if you can buy house in Bloomington, we have money 00:02:53.840 --> 00:02:58.000 - You have money to assist those people that need it so we can try to get more people house 00:02:58.000 --> 00:03:02.920 - That's right. And then this year we are also this is a little bit outside of your purview 00:03:02.920 --> 00:03:08.360 - But we are piloting an interest rate by let buy down program as well to incentivize that locked 00:03:08.840 --> 00:03:11.300 - golden handcuffs element of the market 00:03:11.300 --> 00:03:14.120 - encourage some turnover and 00:03:14.120 --> 00:03:17.000 - some additional programs as well, so 00:03:17.000 --> 00:03:21.860 - Appreciate that just want people to know that these things are available. They are can't get people 00:03:21.860 --> 00:03:22.180 - housed 00:03:22.180 --> 00:03:25.000 - They are see Cody Toothman in my office 00:03:25.000 --> 00:03:38.200 - The next next quick question is 393 on Coney is that for our parking garage on 00:03:38.520 --> 00:03:43.560 - West eight or is that for a shower? Which page are you beyond page four of seven? 00:03:43.560 --> 00:03:49.240 - 393 and Christine I apologize for not emailing. That's okay ahead of time. Yeah, that's for showers 00:03:49.240 --> 00:03:51.540 - last shares west. Okay, so that'll be a 00:03:51.540 --> 00:03:56.350 - Continuation of service that occurs over a period of time as long as we still as long as the RDC 00:03:56.350 --> 00:03:57.800 - owns that building we do 00:03:57.800 --> 00:04:04.540 - Need to make sure that that elevator is operational Coney is who we contracted for for that work 00:04:04.960 --> 00:04:09.160 - It was underneath of the $5,000 maintenance threshold 00:04:09.160 --> 00:04:14.000 - So you guys did not need to approve it prior to their work 00:04:14.000 --> 00:04:18.880 - So yeah, unfortunately, that is our responsibility. Yeah, just an 00:04:18.880 --> 00:04:22.020 - Elevator wise says just ask question 00:04:22.020 --> 00:04:27.170 - There's other areas in the city or RDC islands that may fall into us from a maintenance standpoint. 00:04:27.170 --> 00:04:28.080 - That is correct 00:04:28.080 --> 00:04:30.080 - Okay 00:04:30.080 --> 00:04:35.940 - The other 00:04:35.940 --> 00:04:41.960 - Questions or comments from commissioners on the plans register for me 23rd 2025. If not, I want 00:04:41.960 --> 00:04:42.640 - motion, please 00:04:42.640 --> 00:04:53.520 - Second the first and the second on favor say aye. Aye. Aye any opposed motion passes unanimously 00:04:53.520 --> 00:04:57.240 - Thank you next on our agenda examination of payroll registers 00:04:57.240 --> 00:05:03.370 - We've got two of these May 2nd and May 16th of 2025. Any questions or comments from commissioners 00:05:03.370 --> 00:05:04.960 - on either of these documents? 00:05:04.960 --> 00:05:10.480 - Move for approval. We have a motion that we have a second second 00:05:10.480 --> 00:05:16.400 - What a motion is second all in favor say aye. Aye. Aye any opposed motion passes unanimously 00:05:16.400 --> 00:05:22.460 - Next our agenda is the report of officers and committees. I'd like to invite the hand director for 00:05:22.460 --> 00:05:24.740 - a report. I do have a short report 00:05:26.240 --> 00:05:32.370 - Last time we met I did tell you that we were expecting our allocations from HUD in mid-may. We did 00:05:32.370 --> 00:05:33.040 - receive them 00:05:33.040 --> 00:05:37.160 - They were not significantly cut which is wonderful 00:05:37.160 --> 00:05:40.600 - for a community development block grant we got 00:05:40.600 --> 00:05:47.020 - 778 thousand two hundred and ninety three dollars. The previous year was only seven hundred and 00:05:47.020 --> 00:05:48.480 - ninety five thousand. So 00:05:48.480 --> 00:05:54.940 - Seven hundred and seventy eight thousand two hundred and ninety three seven seven eight two nine 00:05:54.940 --> 00:05:55.480 - three 00:05:55.800 --> 00:06:02.600 - And in twenty four the allocation was seven nine five seven four three. So not a significant cut 00:06:02.600 --> 00:06:05.120 - for home partnership 00:06:05.120 --> 00:06:11.800 - It was five hundred and thirty nine nine hundred and in the previous year. It was five sixty five 00:06:11.800 --> 00:06:12.800 - eight of four 00:06:12.800 --> 00:06:19.400 - So fairly nominal in the world of the federal government right now. We were relieved 00:06:20.720 --> 00:06:25.960 - The other thing to note is that the consolidated plan draft is now out for public notice 00:06:25.960 --> 00:06:32.160 - That is available in hard copy both here at City Hall and at the library 00:06:32.160 --> 00:06:35.980 - And it will be online as well if anybody wants to take a look at it 00:06:35.980 --> 00:06:40.790 - It's a pretty lengthy document, but it outlines how HUD funding should be spent for the next five 00:06:40.790 --> 00:06:41.120 - years 00:06:41.120 --> 00:06:44.120 - Provided we receive any 00:06:44.120 --> 00:06:48.000 - So that's something to note that will be coming to you 00:06:48.640 --> 00:06:55.240 - Likely in a resolution on the 16th and then it will be going to City Council on July 17th 00:06:55.240 --> 00:06:57.920 - in addition 00:06:57.920 --> 00:07:03.710 - The hand department had our second neighborhood cleanup of 2025 in Sherwood Oaks this past weekend. 00:07:03.710 --> 00:07:04.200 - It was very busy 00:07:04.200 --> 00:07:09.080 - It was a great cleanup. We had I think three full metal trucks 00:07:09.080 --> 00:07:14.500 - Yeah, which is surprising and it was wonderful. So we did some good work there 00:07:15.020 --> 00:07:19.140 - We are planning on having an executive session on June 17th at 430 00:07:19.140 --> 00:07:23.440 - You should have received a calendar invite for that, but just to keep you 00:07:23.440 --> 00:07:31.400 - Notified and then I would like to discuss with you guys if you want to move the July 7th meeting to 00:07:31.400 --> 00:07:32.240 - June 30th 00:07:32.240 --> 00:07:36.400 - When I had sent out some information via email to see if that would date was available 00:07:36.400 --> 00:07:40.560 - We do have a quorum if you want to move it just because that's the 4th of July weekend 00:07:40.560 --> 00:07:42.680 - We don't have to we can leave it right where it is 00:07:42.680 --> 00:07:48.120 - But if you would prefer we can grab that on the June 30th as opposed to July 7th 00:07:48.120 --> 00:07:51.940 - And then also just to note 00:07:51.940 --> 00:07:57.480 - Hand department has now started processing all TIF claims 00:07:57.480 --> 00:08:02.480 - So independent individual departments will not be processing their own TIF claims 00:08:02.480 --> 00:08:06.880 - Even if they have a resolution that's approved. They will all be sort of funneled through our 00:08:06.880 --> 00:08:09.680 - team here 00:08:12.160 --> 00:08:14.160 - Two questions one 00:08:14.160 --> 00:08:20.230 - The online copy of the consolidated plan. Is that just if you go to the hand website, it's just 00:08:20.230 --> 00:08:20.440 - there 00:08:20.440 --> 00:08:21.320 - Yes, okay 00:08:21.320 --> 00:08:26.560 - And then the second is if we were to discuss moving that July 7th meaning to June 30th 00:08:26.560 --> 00:08:29.240 - Do you want to wait to do that at the end another other business? 00:08:29.240 --> 00:08:33.040 - I think so just to keep you give you a heads up. Okay. Thank you 00:08:33.040 --> 00:08:37.080 - Any other questions or comments from commissioners on the directors report? 00:08:37.240 --> 00:08:41.680 - The only question I got regards to it is and I know you can't don't have a crystal ball or an eight 00:08:41.680 --> 00:08:42.120 - ball 00:08:42.120 --> 00:08:47.400 - Right. What's what's our thought process that the government will or will not or is it just who 00:08:47.400 --> 00:08:48.120 - knows I? 00:08:48.120 --> 00:08:56.200 - mean, you know as much as I do based on the news, but what we have been notified is that in the 00:08:56.200 --> 00:09:01.520 - President would like to zero out CDBG and home in 2026 00:09:01.520 --> 00:09:06.750 - This is not the first time he said that thinks that it's better administered by the local and state 00:09:06.750 --> 00:09:07.520 - governments 00:09:07.520 --> 00:09:10.720 - We don't know what that looks like. It may or may not happen 00:09:10.720 --> 00:09:14.140 - Ultimately, Congress will have those purse strings. So 00:09:14.140 --> 00:09:18.800 - Yeah, right right now be grateful that we got what we have. That's right 00:09:18.800 --> 00:09:26.280 - If there's nothing else for the dressers report do we have a legal report 00:09:28.840 --> 00:09:33.840 - So any questions on your hands. Thank you a treasurer's report 00:09:33.840 --> 00:09:44.280 - The report that is in your packet begins on page 25 00:09:44.280 --> 00:09:46.880 - This is a report 00:09:46.880 --> 00:09:52.240 - Put together by reading financial group who assists us with financial analysis throughout the year 00:09:52.840 --> 00:09:58.380 - The basis information for this report is all of the general ledger detail from all of the claims 00:09:58.380 --> 00:09:59.960 - that have been processed 00:09:59.960 --> 00:10:03.540 - for the RDC through March 2025 00:10:03.540 --> 00:10:08.400 - Reedy took that information and sorted it and labeled it in 00:10:08.400 --> 00:10:13.730 - By project and sorted it into these tables that they have created to give you kind of a summary of 00:10:13.730 --> 00:10:14.360 - that information 00:10:14.360 --> 00:10:19.360 - So if you go to page, it's page 28 of the packet 00:10:20.160 --> 00:10:25.780 - It is a title just overview. It's town overview Bloomington Redevelopment Commission 00:10:25.780 --> 00:10:28.680 - 2025 claims 00:10:28.680 --> 00:10:30.840 - that is just a 00:10:30.840 --> 00:10:35.620 - total list of all the claims and the description that 00:10:35.620 --> 00:10:40.200 - Reedy added to each one of those claims describing the project 00:10:40.200 --> 00:10:48.400 - And then the next page of that report is titles page 29 titled financials and that puts those 00:10:49.400 --> 00:10:53.800 - Those claims into January February in March in that table 00:10:53.800 --> 00:10:59.880 - where it is against the cash balance of the tip fund and 00:10:59.880 --> 00:11:08.800 - The rest of those amounts in that table are based off of the budget that the that the RDC approved 00:11:08.800 --> 00:11:12.920 - that was required to be submitted to the DLGF and that we 00:11:13.600 --> 00:11:20.290 - That the RDC created as sort of a all possibilities all possibilities of spending was put into that 00:11:20.290 --> 00:11:20.880 - budget 00:11:20.880 --> 00:11:26.080 - It was a very high amount of spending and we didn't intend to ever spend that up that much 00:11:26.080 --> 00:11:29.880 - But that those amounts have been divided into the remaining months 00:11:29.880 --> 00:11:35.480 - And so again, we don't expect to spend that amount but actual spending will be filled into this 00:11:35.480 --> 00:11:36.660 - chart throughout the year 00:11:40.960 --> 00:11:45.920 - And there's also an estimate for what will be spent in twenty twenty six and it is on the high side 00:11:45.920 --> 00:11:47.040 - assuming that we have 00:11:47.040 --> 00:11:52.560 - Approved a budget for twenty twenty six that gives us all of the possibilities for maximum spending 00:11:52.560 --> 00:11:54.960 - should anything come up that you want to do 00:11:54.960 --> 00:12:00.480 - That gives you the flexibility to do it if it's in that budget that we submitted to DLGF 00:12:00.480 --> 00:12:04.560 - So I'm going to move on to the next page. It's page 30 00:12:04.560 --> 00:12:10.040 - It's it's page. Oh, there's not a page. No, it's a page six of nine 00:12:10.640 --> 00:12:17.760 - In the reading financial report page six of nine called 30 in page 30 of your packet, right? My bad 00:12:17.760 --> 00:12:23.250 - The next is the same table for the North Kinser Pike allocation area and we haven't had any 00:12:23.250 --> 00:12:25.840 - expenses out of that area and 00:12:25.840 --> 00:12:31.280 - Then page 31 of the packet page seven of nine of the report is 00:12:31.280 --> 00:12:34.520 - all those different categories 00:12:34.520 --> 00:12:36.800 - summarized in this table 00:12:36.800 --> 00:12:39.320 - And so it has revenues at the top 00:12:39.880 --> 00:12:46.320 - When we're going to see we're going to receive TIF later this month TIF revenue later this month 00:12:46.320 --> 00:12:50.360 - It's got our actual revenues in the second 00:12:50.360 --> 00:12:53.640 - in the fourth column 00:12:53.640 --> 00:13:02.320 - And it has our actual capital outlays below that divided by 1st Street 17th Street our largest one 00:13:02.320 --> 00:13:03.620 - being Hopewell at 00:13:03.620 --> 00:13:06.720 - 555,000 00:13:06.720 --> 00:13:09.600 - Park improvements 87,000 00:13:09.680 --> 00:13:10.880 - and 00:13:10.880 --> 00:13:12.880 - Then we have debt payments below that 00:13:12.880 --> 00:13:17.760 - And other services and charges means things like either 00:13:17.760 --> 00:13:25.260 - Services not capital outlays services to a building repairs that kind of thing 00:13:25.260 --> 00:13:32.500 - Then on the next page we have the same sort of report for the north Kinser Pike out Pike allocation 00:13:32.500 --> 00:13:33.000 - area 00:13:33.000 --> 00:13:37.680 - That allocation area expires next year in 2026 and we aren't doing any 00:13:38.000 --> 00:13:41.720 - Spending right now out of that and we are assuming no revenue in the future 00:13:41.720 --> 00:13:45.720 - But we will get revenue in there this year and we can't talk about possible projects 00:13:45.720 --> 00:13:51.920 - Go ahead. No, well, I'll go back and ask questions when we start. Okay, sounds good. And 00:13:51.920 --> 00:13:56.640 - then let's see and here page 9 of 9 is 00:13:56.640 --> 00:14:04.740 - Just the list of the outstanding debt obligations that the RDC has in the different names of those 00:14:04.740 --> 00:14:05.280 - debts 00:14:06.800 --> 00:14:10.240 - And the projects aren't that these debts funded are not included 00:14:10.240 --> 00:14:14.640 - I can just update you that we have the two garages the 00:14:14.640 --> 00:14:19.680 - Garage on Morton Street and the garage on at 7th and Walnut. Those are the first two garages 00:14:19.680 --> 00:14:22.920 - the solar project lease agreement 00:14:22.920 --> 00:14:30.450 - That is just our portion our outs the RDC's outstanding portion of a larger amount of debt that's 00:14:30.450 --> 00:14:31.240 - divided between 00:14:31.240 --> 00:14:34.400 - RDC CBU and parks 00:14:34.760 --> 00:14:36.760 - the next one the refunding of the 00:14:36.760 --> 00:14:43.680 - The TIF bonds refunded in 2017 that was for the certified tech park 00:14:43.680 --> 00:14:49.800 - And then the last three are the bonds for the trades district garage and the 4th Street garage 00:14:49.800 --> 00:14:56.200 - Yes, let's see here 00:14:56.200 --> 00:15:00.720 - A1 I'm pretty sure 00:15:02.600 --> 00:15:05.440 - The 12 12.8 million is a trades garage 00:15:05.440 --> 00:15:13.300 - The 10.5 is the trades garage and the 27.5 million is the 4th Street garage 00:15:13.300 --> 00:15:22.160 - Yeah, these trade three bonds but two garages the trades district garage had a taxable 00:15:22.160 --> 00:15:24.800 - bond and a tax-exempt bond 00:15:24.800 --> 00:15:28.560 - Because there is 00:15:29.760 --> 00:15:34.890 - Taxable property the least least property is not for public use and so it has to be bonded with a 00:15:34.890 --> 00:15:36.600 - taxable. Yeah 00:15:36.600 --> 00:15:42.960 - We plan to do this every quarter 00:15:42.960 --> 00:15:46.840 - This is part of the 00:15:46.840 --> 00:15:52.400 - Just kind of summarization services that really offered us and that you expressed interest in if 00:15:52.400 --> 00:15:53.080 - you just 00:15:53.080 --> 00:15:58.400 - We will just keep doing it until we are told not to you. It's great to know it's helpful. Okay. 00:15:58.400 --> 00:15:58.680 - Thank you 00:15:59.680 --> 00:16:01.680 - And I'm ready for any questions 00:16:01.680 --> 00:16:11.560 - Page three of nine in the report Dana is listed as working for care law PC 00:16:11.560 --> 00:16:26.000 - Thanks for catching that we will get that corrected good catch 00:16:26.200 --> 00:16:28.200 - We would miss you. Yeah 00:16:28.200 --> 00:16:38.200 - That's very got keep it right 00:16:38.200 --> 00:16:44.000 - Yeah, so on four of nine on readings where we go and just a quick question in regards to 00:16:44.000 --> 00:16:48.900 - When I look at the two point six million on the expenditures is that indicating on the twenty 00:16:48.900 --> 00:16:50.960 - twenty five claims so far to date? 00:16:50.960 --> 00:16:53.080 - We've spent 00:16:53.080 --> 00:16:57.580 - Approximately with the refunding the bond is just an interest payment and then the principal 00:16:57.580 --> 00:16:59.080 - payment the refund of the bond 00:16:59.080 --> 00:17:04.400 - Which our bond reef, oh I see what you're saying, yeah 00:17:04.400 --> 00:17:07.880 - Yeah, that is a 00:17:07.880 --> 00:17:15.380 - Yeah, that is the total payment divided into the principal and the interest for the twenty twenty 00:17:15.380 --> 00:17:16.440 - four refunding bonds 00:17:16.880 --> 00:17:23.080 - Those refunded the 2015 TIF bonds. Okay, those TIF bonds built switch yard park 00:17:23.080 --> 00:17:28.800 - And I think that TIF bond is missing from the final table on page nine nine 00:17:28.800 --> 00:17:33.240 - That's what I was curious because it showed showed we had only spent like six hundred thousand 00:17:33.240 --> 00:17:34.080 - dollars so far this year 00:17:34.080 --> 00:17:36.080 - I couldn't quite get to that number 00:17:36.080 --> 00:17:41.160 - So that that just needs to be added to the table. Yes, it does. Okay 00:17:41.160 --> 00:17:43.840 - Okay, that's the switch yard bond 00:17:43.840 --> 00:17:46.120 - Yes 00:17:47.120 --> 00:17:49.640 - So that'll add another one point six two five 00:17:49.640 --> 00:17:52.240 - Okay 00:17:52.240 --> 00:17:53.360 - Okay 00:17:53.360 --> 00:17:58.880 - Let's see next question in regards to our five of nine 00:17:58.880 --> 00:18:03.480 - Just curious where it says other charges other services of charge 00:18:03.480 --> 00:18:07.580 - Is that just where we allocate it accordingly based on what we think our budget will be just spread 00:18:07.580 --> 00:18:08.880 - it out over the months. Oh 00:18:08.880 --> 02:30:28.850 - Yeah, yeah, because we don't we don't know what they are, right? But we just put money in in case 02:30:28.850 --> 00:18:15.760 - there are other things 00:18:16.360 --> 00:18:20.120 - Exactly, okay. It's just don't fall into capital outlays or debt payments 00:18:20.120 --> 00:18:25.590 - Okay, that works and then as we start looking at the overall, you know beginning cash balance and 00:18:25.590 --> 00:18:27.680 - down where we're showing ourselves 00:18:27.680 --> 00:18:33.430 - Into a deficit in 2026. Is that just because of the standard outlay of allocations based on 00:18:33.430 --> 00:18:35.760 - spreading it throughout the year? 00:18:35.760 --> 00:18:40.240 - Yes, just based on that huge budget that we set to give yourselves maximum flexibility 00:18:40.240 --> 00:18:42.640 - Okay, we don't intend to spend okay 00:18:42.640 --> 00:18:45.960 - So that's one of those we need to look at that on a quarterly basis to say, okay 00:18:45.960 --> 00:18:48.360 - We don't want to spend ourselves into a deficit situation, right? 00:18:48.360 --> 00:18:53.230 - But we've got it allocated that with maximum accordingly. We've got it allocated to match that 00:18:53.230 --> 00:18:56.000 - budget budget. Okay, and that gives us the maximum 00:18:56.000 --> 00:18:57.800 - Okay 00:18:57.800 --> 00:19:03.720 - You answered the the Kinser Pike TIF since it looks as though there's going to be a little bit of 00:19:03.720 --> 00:19:05.480 - dollars left over in that 00:19:05.480 --> 00:19:10.680 - What do we do on that is set something where we start now trying to plan ahead to look at a project 00:19:10.680 --> 00:19:11.880 - that particular or would 00:19:11.880 --> 00:19:13.880 - That be like the certified 00:19:13.880 --> 00:19:16.640 - Yeah, forgive me 00:19:16.640 --> 00:19:21.480 - Certified tech no the way no the bonds that got moved the money that got moved 00:19:21.480 --> 00:19:27.420 - Okay, can that be moved into other budget area? Does that mean spit in that particular TIF area? So 00:19:27.420 --> 00:19:28.440 - we look at now 00:19:28.440 --> 00:19:31.120 - We've got something prior to May 00:19:31.120 --> 00:19:36.000 - Right. Okay. I'm gonna take a stab at it and then it's gonna quickly go into we need legal like 00:19:36.000 --> 00:19:37.640 - some legal opinion 00:19:37.640 --> 00:19:43.030 - I do know that while that allocation area exists, we can only spend that money in the allocation 00:19:43.030 --> 00:19:43.440 - area 00:19:43.440 --> 00:19:49.050 - What happens when that allocation area expires? That's does that that's where we yeah we need to 00:19:49.050 --> 00:19:50.400 - find out and then your second question 00:19:50.400 --> 00:19:52.760 - Should we start planning now for how to spend that money? 00:19:52.760 --> 00:19:56.840 - Yeah, that would probably be good sooner or later 00:19:56.840 --> 00:20:02.880 - This RDC like this RDC kind of should work with the 00:20:03.420 --> 00:20:08.040 - Liaison in legal and the hand department to kind of get an idea of like what kind of projects would 00:20:08.040 --> 00:20:09.040 - you like us to bring? 00:20:09.040 --> 00:20:10.760 - To you. What kind of projects do you have in mind? 00:20:10.760 --> 00:20:14.960 - And then if we know of anything that's kind of on the on the burner on the back burner 00:20:14.960 --> 00:20:20.000 - We could bring that to you just for discussion, you know and try to gauge your interest in 00:20:20.000 --> 00:20:21.600 - different projects a city might have 00:20:21.600 --> 00:20:26.140 - Those are just possible ways to go about. Is there an initial plan for when the allocation area was 00:20:26.140 --> 00:20:26.640 - established? 00:20:26.640 --> 00:20:30.660 - That would help with guidance in terms of what maybe was originally intended by having this tip 00:20:30.660 --> 00:20:32.320 - area. We can look into that 00:20:32.320 --> 00:20:37.450 - Okay, just because that would be helpful to at least you know, I realize that as years pass, you 00:20:37.450 --> 00:20:37.880 - know 00:20:37.880 --> 00:20:42.280 - Our priorities and goals can change but nonetheless would be a good place to start perhaps. Yeah 00:20:42.280 --> 00:20:45.880 - Yeah, just that's fair. Yeah, because you know, it's it's June 00:20:45.880 --> 00:20:50.880 - Yes, so to continue this first of all at that tip district was 00:20:50.880 --> 00:20:54.960 - Created because it was proposed some 00:20:54.960 --> 00:20:59.520 - Commercial business development that never occurred. So I suspect that 00:21:00.520 --> 00:21:03.400 - We may have not even had it otherwise, right? 00:21:03.400 --> 00:21:07.320 - So are you saying that we should plan and 00:21:07.320 --> 00:21:13.080 - Project how to use that money yet within that TIF district or elsewhere in the city? 00:21:13.080 --> 00:21:19.040 - I'm saying that we should plan to use it in this allocation area. Okay, I think that it would be 00:21:19.040 --> 00:21:24.400 - Well, I would agree with you. That's where the tax revenue came from 00:21:24.400 --> 00:21:28.960 - That area see what needs to be 00:21:29.920 --> 00:21:33.720 - I care if it's filling potholes. We just want to use it in that 00:21:33.720 --> 00:21:41.280 - In the general premise for establishing a TIF district, let's just say, you know again because it 00:21:41.280 --> 00:21:45.480 - is something that typically is over several decades 00:21:45.480 --> 00:21:52.220 - Is there an opportunity to revisit so that if the original objectives and goals shift as opposed to 00:21:52.220 --> 00:21:55.320 - kind of trying to scramble the last year? 00:21:55.320 --> 00:21:57.440 - of the allocation 00:21:57.440 --> 00:21:59.920 - To spend it. Is there any opportunity for a view? 00:21:59.920 --> 00:22:00.520 - I'm just you know 00:22:00.520 --> 00:22:01.760 - it's a little different now because 00:22:01.760 --> 00:22:03.760 - the majority of the TIF district we have is a 00:22:03.760 --> 00:22:08.800 - Consolidated TIF but nonetheless just trying to get a sense of the overall general best practices 00:22:08.800 --> 00:22:10.880 - of how a TIF district would work 00:22:10.880 --> 00:22:16.240 - And how to track the actual original attentions with you know, the ultimate goal 00:22:16.240 --> 00:22:21.400 - I think that the our best practice would be to return to statute and and it lays out a really nice 00:22:21.400 --> 00:22:22.560 - list of what all the 00:22:22.560 --> 00:22:26.900 - Different uses are and I think that we could take our first step by looking at that and then kind 00:22:26.900 --> 00:22:28.040 - of maybe deciding what? 00:22:28.040 --> 00:22:30.920 - Are there of this list? What are the RDCs priorities? 00:22:30.920 --> 00:22:34.760 - You know and we can start from there. Is that kind of what you're doing? 00:22:34.760 --> 00:22:38.240 - Well, it's a little different than my earlier question was about what do we do now? 00:22:38.240 --> 00:22:40.400 - My question now is you know 00:22:40.400 --> 00:22:45.280 - Let's just say as we kind of transition away from the consolidated TIF and look to have in one just 00:22:45.280 --> 00:22:45.960 - for let's say 00:22:45.960 --> 00:22:52.220 - The Hopewell district or you know just four TIF districts as traditionally outlaid 00:22:52.380 --> 00:22:59.380 - Are there opportunities during the course of the allocation period to revisit so that it's not just 00:22:59.380 --> 00:23:00.140 - like well 00:23:00.140 --> 00:23:00.980 - We set it up 00:23:00.980 --> 00:23:06.440 - So we're just gonna stick with it for the whole long run even if the actual goals have shifted in 00:23:06.440 --> 00:23:08.060 - terms of just how again? 00:23:08.060 --> 00:23:14.710 - Responsibility to public uses of the funds. I'm just trying to get a sense of for the lifespan of a 00:23:14.710 --> 00:23:15.700 - TIF district 00:23:16.220 --> 00:23:21.380 - What might be done? Let's say you know a third and a third two-thirds in and then before that 00:23:21.380 --> 00:23:23.300 - because we're at the last year now 00:23:23.300 --> 00:23:28.540 - I kind of have a sense of how that is taking shape. I'm just kind of looking reflecting back are 00:23:28.540 --> 00:23:29.260 - there any 00:23:29.260 --> 00:23:36.210 - Tools in place to say to look at it every five years and say does this match the original reason 00:23:36.210 --> 00:23:36.940 - that it was set up 00:23:36.940 --> 00:23:41.400 - For I'm gonna try to answer your question again. I'm gonna try to and I hope I'm getting to what 00:23:41.400 --> 00:23:42.700 - you're speaking to you 00:23:42.700 --> 00:23:48.540 - I I think in general that these TIF districts were always created without any specific named 00:23:48.540 --> 00:23:50.100 - purpose. It was just any 00:23:50.100 --> 00:23:56.180 - Any eligible use of TIF and with the to promote economic development? 00:23:56.180 --> 00:24:01.860 - And so I'm pretty sure that these don't have specific uses and so going and so like 00:24:01.860 --> 00:24:07.980 - Tying that thread out or like every five years revisiting. What are our priorities revisiting? 00:24:07.980 --> 00:24:12.360 - What a statute say we can spend it on I guess I'm just gonna say that again that I think that still 00:24:12.360 --> 00:24:14.160 - applies because there isn't a 00:24:14.160 --> 00:24:18.940 - specific purpose for each TIF other than economic economic development 00:24:18.940 --> 00:24:23.340 - Within the rules of the statute. Okay. Okay. Thank you 00:24:23.340 --> 00:24:30.130 - I appreciate your help, but you couldn't to that point. You could sunset it on your own if you 00:24:30.130 --> 00:24:31.100 - wanted to do it. I 00:24:31.100 --> 00:24:33.740 - Don't know 00:24:33.740 --> 00:24:39.480 - Yes, what whether it would be I'd have to check if it's actually a sunset but you can always 00:24:39.480 --> 00:24:44.540 - State that you can pass through those to the underlying authorities 00:24:44.540 --> 00:24:47.460 - You have that once a year where you do that with? 00:24:47.460 --> 00:24:52.460 - Each allocation area. Do you believe you need all of the funds? 00:24:52.460 --> 00:24:56.780 - Or can you pass them to the underlying authorities? 00:24:56.780 --> 00:24:59.820 - And yes as far as it being so broad 00:25:00.740 --> 00:25:07.900 - And there's 28 now listed uses of RDC funds to funds that RDC can use 00:25:07.900 --> 00:25:14.980 - And so I mean, I definitely like the idea of checking in every five years or so and saying, okay 00:25:14.980 --> 00:25:16.820 - Where we at now? What have we done? 00:25:16.820 --> 00:25:23.020 - Where do we see us going in the next five years? And do we need to continue the path we are? 00:25:23.020 --> 00:25:25.020 - Do we need to make a deviation? 00:25:25.380 --> 00:25:33.060 - those are great things to do because you get caught up in the taking care of you know, the regular 00:25:33.060 --> 00:25:33.900 - business and 00:25:33.900 --> 00:25:36.900 - sometimes and I think 00:25:36.900 --> 00:25:42.020 - With this financial report that's probably gonna help trigger like it did this time. It's gonna 00:25:42.020 --> 00:25:44.140 - help trigger some of those questions. Okay 00:25:44.140 --> 00:25:46.300 - for so 00:25:46.300 --> 00:25:52.820 - So yeah, there's all kinds of listed uses and it's extremely varied and when you set up the area 00:25:52.820 --> 00:25:58.260 - You're not sure what you're gonna need it for so you'd make it extremely broad and say any lawful 00:25:58.260 --> 00:25:59.220 - use basically 00:25:59.220 --> 00:26:05.150 - So you can follow up with that but but again, it's it's always good to revisit periodically where 00:26:05.150 --> 00:26:05.940 - you're at 00:26:05.940 --> 00:26:15.020 - What what you want to accomplish especially by the end of the time, you know that it's gonna expire 00:26:18.420 --> 00:26:23.180 - Okay, thanks, that's helpful. We should that clarification. There's been one last question or place 00:26:23.180 --> 00:26:25.820 - well, I'm just gonna this could come at any point but 00:26:25.820 --> 00:26:32.020 - Put a plug-in for thinking about the kinds of projects that we heard last meeting the the sort of 00:26:32.020 --> 00:26:34.060 - neighborhood beautification kinds of things 00:26:34.060 --> 00:26:40.580 - If I'm reading this right, it's $27,000. It's not a huge sum. Am I reading this thing? 00:26:40.580 --> 00:26:43.540 - That's at the expenditures on the capital 00:26:47.500 --> 00:26:52.300 - At any rate that and I'm not familiar enough with that area to know what kind of 00:26:52.300 --> 00:26:56.340 - What would lend itself to that kind of treatment but those? 00:26:56.340 --> 00:26:59.860 - Given that we don't have a lot of time to spend this 00:26:59.860 --> 00:27:06.660 - There's almost certainly got to be some area of that district that could use some planting some 00:27:06.660 --> 00:27:09.260 - Herb refurbishment the kinds of things we've done 00:27:09.260 --> 00:27:16.460 - In other other neighborhoods per the again the presentation that we had less last time last meeting 00:27:16.900 --> 00:27:18.900 - The only thing I distinguish 00:27:18.900 --> 00:27:24.380 - No, no, I just my understanding that the TIF money is traditionally used for economic development 00:27:24.380 --> 00:27:27.660 - which obviously can overlap with neighborhood improvement, but 00:27:27.660 --> 00:27:31.660 - Seems a little distinct to me, even though I understand neighborhood improvement is administered 00:27:31.660 --> 00:27:32.420 - through the hand 00:27:32.420 --> 00:27:42.820 - Okay, so this is this is TIF money and it's pretty specific 00:27:42.820 --> 00:27:45.780 - Without it without another project that that 00:27:46.660 --> 00:27:49.620 - So that sort of thing could be attached to okay 00:27:49.620 --> 00:27:53.580 - Which breaks me a little quite a lot my last question on that 00:27:53.580 --> 00:27:58.990 - How much do we expect to have we would have by the end of the year in that fund based on our guys 00:27:58.990 --> 00:27:59.500 - at? 00:27:59.500 --> 00:28:04.530 - 378,000 so that if we're talking to hand and they're looking at what can be done in that area that 00:28:04.530 --> 00:28:06.300 - falls within the 28 categories 00:28:06.300 --> 00:28:11.640 - Yeah, how much can they look at doing because there's certain projects you can look at with the 00:28:11.640 --> 00:28:14.420 - experience of the hand department in the city 00:28:14.540 --> 00:28:15.740 - Yeah 00:28:15.740 --> 00:28:18.940 - It's you know, you can look at it and say yes 00:28:18.940 --> 00:28:23.050 - We can know we can afford to do this or you can look at her. No, we can't so it's just trying your 00:28:23.050 --> 00:28:23.380 - bike 00:28:23.380 --> 00:28:28.790 - It's right. I don't we don't have any planned spending. So let's take the ending cash balance today 00:28:28.790 --> 00:28:29.060 - is 00:28:29.060 --> 00:28:31.260 - 655 00:28:31.260 --> 00:28:33.260 - 655,000 and add 00:28:33.260 --> 00:28:36.060 - 89,000 in tiff revenue 00:28:36.060 --> 00:28:40.300 - Yeah, like 00:28:40.300 --> 00:28:45.180 - 640 some hundred fifty thousand. Okay, so that would be able to look at the kids are part 00:28:45.180 --> 00:28:51.100 - Tiff with the areas the public improvements that need to be done there and gives you a baseline 00:28:51.100 --> 00:28:53.620 - budget to at least work around for a public 00:28:53.620 --> 00:28:58.780 - Improvement or as a group we would decide to release it to the rest of the taxable parties 00:28:58.780 --> 00:29:03.580 - Yeah, because we already have yeah, I mean not because just know we have 00:29:03.580 --> 00:29:07.100 - 655,000 and we're only gonna get 00:29:07.940 --> 00:29:10.940 - 9,000. Yeah this year maybe a little bit less next year 00:29:10.940 --> 00:29:17.500 - 730 740,000 is what you got to work with. Yeah, but that at least helps because you know 00:29:17.500 --> 00:29:21.420 - Yeah, but can't play it if you don't know how much money you can spend. Yeah 00:29:21.420 --> 00:29:29.140 - Unfortunately, it really always comes down to what can we afford in regards to what we want to do 00:29:29.140 --> 00:29:32.620 - So, okay. Thank you now last question 00:29:32.620 --> 00:29:34.620 - And then I'll try 00:29:34.620 --> 00:29:43.220 - Again page seven of nine 00:29:43.220 --> 00:29:45.300 - on 00:29:45.300 --> 00:29:48.420 - That was I looked through the cash balance and the revenues 00:29:48.420 --> 00:29:52.660 - Where are the revenues where we sold the trades district is that in the four four four account? 00:29:52.660 --> 00:29:56.410 - Or is that in there because I didn't see it on the plus the revenues and the federal grant tip 00:29:56.410 --> 00:29:56.840 - revenue 00:29:56.840 --> 00:30:03.820 - that is in the RDC account the four four four account, and we are working with bond council to just 00:30:03.820 --> 00:30:04.060 - to 00:30:04.060 --> 00:30:08.340 - Figure out where to put that because 00:30:08.340 --> 00:30:15.220 - We sold that prop we bought that property with CTP with the certified tech park bond funds 00:30:15.220 --> 00:30:21.100 - Bought that property and we just sold a portion of that property now. We have revenue 00:30:21.100 --> 00:30:26.640 - And I think that we need to revisit the bond documents to determine where that revenue go 00:30:26.820 --> 00:30:28.020 - Okay 00:30:28.020 --> 00:30:32.880 - The reason I said that that that would make a huge difference in regards to where our deficit basis 00:30:32.880 --> 00:30:33.620 - on our overall 00:30:33.620 --> 00:30:39.780 - Consolidate allocation would be so right now. It's in a four four four account earning interest 00:30:39.780 --> 00:30:42.020 - Sort of a whole yes, just a holding fund 00:30:42.020 --> 00:30:47.580 - It's in the bank earning interest. It is in this fund until we get being accounted for 00:30:47.580 --> 00:30:50.380 - We'll get it untangled from the bond 00:30:50.380 --> 00:30:55.530 - Then identify where it needs to go so we can do any public improvements that are necessary in our 00:30:55.530 --> 00:30:56.500 - consolidation 00:30:57.360 --> 00:30:59.120 - Right 00:30:59.120 --> 00:31:02.640 - We need to see if bond ordinance rules still apply to it 00:31:02.640 --> 00:31:06.400 - Right because it was purchased with bond money 00:31:06.400 --> 00:31:12.800 - Then part of that land purchase was pert was bought by the hotel developer 00:31:12.800 --> 00:31:16.840 - So now we have revenue is that revenue free and clear of all? 00:31:16.840 --> 00:31:20.880 - Yeah of all the rules that are in the ordinance 00:31:20.880 --> 00:31:25.120 - Has it sort of been washed clean of like of it of the bond? 00:31:25.640 --> 00:31:30.800 - Or is it still subject to the rules in the bond is essentially the question 00:31:30.800 --> 00:31:35.040 - Okay, so basically it's in legal's hand and bond Council's hands 00:31:35.040 --> 00:31:38.720 - I was identify what we're gonna do with and you guys will bring it back and tell us yeah 00:31:38.720 --> 00:31:44.560 - Hey, you've got 11 million dollars to put somewhere and how we can deal with it. Okay, and then 00:31:44.560 --> 00:31:49.380 - You'll add page 9. I mean, this is this is fantastic to be quite honest 00:31:49.380 --> 00:31:54.820 - This is this is how ready that you yeah. Well, it comes down to you directing them. So 00:31:55.780 --> 00:32:00.060 - And that but just for a quick just clarification on our solar project 00:32:00.060 --> 00:32:04.860 - We are 15% of the nine point five or nine point five nine seven. No 00:32:04.860 --> 00:32:12.690 - 9.597 is 15% of the total. I know that it's a lot more than that. Oh, yeah, it is a it's a very 00:32:12.690 --> 00:32:13.260 - large 00:32:13.260 --> 00:32:17.760 - I don't have that number up in front of me, but it is a very large bond and 00:32:17.760 --> 00:32:20.380 - and 00:32:20.380 --> 00:32:23.940 - That it's a law it has a its maturity date is 00:32:24.500 --> 00:32:28.160 - Is out there. I also don't have that number on the top of my head 00:32:28.160 --> 00:32:30.460 - But yeah 00:32:30.460 --> 00:32:32.020 - It's a large 00:32:32.020 --> 00:32:33.620 - debt obligation 00:32:33.620 --> 00:32:39.960 - Okay, so the totals of that because I was I was calculating 15% of nine nine. Yeah 00:32:39.960 --> 00:32:44.060 - Yeah, so 00:32:44.060 --> 00:32:51.180 - We're about 82 million dollars in okay total overall, okay. Thank you. Appreciate just 00:32:52.860 --> 00:32:54.140 - this 00:32:54.140 --> 00:32:55.380 - all 00:32:55.380 --> 00:32:57.380 - assumes that 00:32:57.380 --> 00:33:03.370 - There is no revenue change correct. So they just carry what we're where we are and it's carry 00:33:03.370 --> 00:33:04.260 - forward, correct 00:33:04.260 --> 00:33:08.220 - And revenue tiff revenue does increase a little bit just from inflation every year 00:33:08.220 --> 00:33:11.140 - if not AV growth 00:33:11.140 --> 00:33:13.140 - increases from that too and 00:33:13.140 --> 00:33:14.580 - these 00:33:14.580 --> 00:33:16.580 - Funds that they've analyzed 00:33:16.580 --> 00:33:19.980 - This is just the tiff funds 00:33:21.900 --> 00:33:24.440 - Does do we do any kind of reporting for our 00:33:24.440 --> 00:33:29.540 - Is it the 1500 account or what? What's the I call operations account? 00:33:29.540 --> 00:33:34.460 - That's just an internal city fund and we don't have this kind of reporting for it. There's all 00:33:34.460 --> 00:33:37.500 - We can I mean 00:33:37.500 --> 00:33:43.420 - We don't we we don't have to do any is my reporting for that fun to like the DLGF or anything 00:33:43.420 --> 00:33:48.780 - We don't have 00:33:50.100 --> 00:33:55.650 - I'm not really. Yeah sure how we would put create these for that bullshit. Well, should we do 00:33:55.650 --> 00:33:56.280 - something? 00:33:56.280 --> 00:34:01.300 - The expenses in that fund are pretty 00:34:01.300 --> 00:34:06.200 - What's the word, you know operational or their operations we can 00:34:06.200 --> 00:34:10.970 - Project what they're gonna be we can plan ahead. We can let you know ahead what they what we expect 00:34:10.970 --> 00:34:11.440 - them to be 00:34:11.440 --> 00:34:15.860 - Usually no surprises coming out of that fund 00:34:16.580 --> 00:34:22.660 - That's enough money that I suspect that we should at least formally be able to track it 00:34:22.660 --> 00:34:28.910 - To then to Randy's point. He wouldn't have had to ask that question if we'd seen it as a revenue 00:34:28.910 --> 00:34:30.020 - point, right? 00:34:30.020 --> 00:34:32.620 - or a line item in that 00:34:32.620 --> 00:34:39.390 - We can definitely include that fund and it's separate from this. I realized it's not a requirement, 00:34:39.390 --> 00:34:39.520 - but 00:34:39.520 --> 00:34:42.700 - Yeah, we might you know, there's millions of dollars 00:34:42.700 --> 00:34:48.580 - Yeah being dealt with so and we have the background data to send them that same data for just 00:34:48.580 --> 00:34:49.940 - another fund and they can add 00:34:49.940 --> 00:34:55.200 - This has a page at that fund as another page and this report well if they don't then maybe we can 00:34:55.200 --> 00:34:56.060 - do it through you 00:34:56.060 --> 00:34:59.620 - But I don't know if you want to pay them to do it or not, right? 00:34:59.620 --> 00:35:06.720 - That's your call how you generate it's up to you 00:35:11.820 --> 00:35:16.920 - Any other questions or comments from commissioners, I appreciate the detail 00:35:16.920 --> 00:35:22.620 - Thank you for your presentation 00:35:22.620 --> 00:35:30.220 - Moving on to a business development update. Yeah, I have a few items to share 00:35:30.220 --> 00:35:33.260 - maybe a little more fun than accounting, but 00:35:33.260 --> 00:35:35.260 - So I just wanted to remind 00:35:35.260 --> 00:35:37.260 - those cold commissioners 00:35:37.260 --> 00:35:39.260 - No, no 00:35:39.260 --> 00:35:44.630 - I think she gives an exciting accounting report. I'm just saying ESD. We're the placemaking team. 00:35:44.630 --> 00:35:45.600 - So this is about parties 00:35:45.600 --> 00:35:51.590 - I just wanted to remind commissioners that the Grand Saloon celebration is this weekend and to 00:35:51.590 --> 00:35:54.040 - encourage you to take a trip downtown and 00:35:54.040 --> 00:36:00.140 - See the festivities. It's free Mavis Staples is performing along with some other groups on Saturday 00:36:00.140 --> 00:36:00.500 - night 00:36:00.500 --> 00:36:06.060 - And then on Friday night, there's the fourth and Rogers block party at fourth and Rogers, which is 00:36:06.060 --> 00:36:06.900 - another great 00:36:06.900 --> 00:36:09.580 - component to that event a 00:36:09.580 --> 00:36:12.900 - Missed opportunity for a party. I neglected to 00:36:12.900 --> 00:36:19.460 - Pass an invite along in a timely manner for the ES net the trades district garage open house 00:36:19.460 --> 00:36:26.260 - But in Durmonger their director their national director was on site and wanted to send his regards 00:36:26.260 --> 00:36:27.820 - and thanks and the team 00:36:27.820 --> 00:36:31.080 - There would be really happy to welcome commissioners for a tour 00:36:31.080 --> 00:36:35.380 - Whenever we can schedule that so they're excited to share it 00:36:35.380 --> 00:36:42.180 - And then just wanted to note that there was a great meeting to kind of kick off planning process 00:36:42.180 --> 00:36:43.980 - for the trades district hotel 00:36:43.980 --> 00:36:48.940 - Which is still one of the parcels that the RDC holds in in the district 00:36:48.940 --> 00:36:52.340 - So after the alley vacation was approved on the council level that's now 00:36:52.340 --> 00:36:54.340 - moving through 00:36:54.340 --> 00:37:00.460 - The process or is at the beginning of the process and then the solar that's in Bunger 00:37:00.460 --> 00:37:02.460 - we don't have resolution yet, but we 00:37:02.460 --> 00:37:11.220 - We know that there are approximately 1300 panels there that we will be able to go through the asset 00:37:11.220 --> 00:37:17.060 - disposition process with so that and that allows us to retain the volume of panels that we need to 00:37:17.060 --> 00:37:19.300 - service our current installations and 00:37:19.300 --> 00:37:22.100 - the city staff 00:37:22.380 --> 00:37:24.380 - with public works and 00:37:24.380 --> 00:37:28.220 - Controllers office and USD is working to understand 00:37:28.220 --> 00:37:34.460 - With the allocation of that bond financing exactly who owns the specific panels that are there so 00:37:34.460 --> 00:37:35.360 - that when 00:37:35.360 --> 00:37:39.860 - Sale happens we can make sure that those proceeds are allocated in the correct way 00:37:39.860 --> 00:37:43.060 - So we're working on it and we'll report back. Oh 00:37:43.060 --> 00:37:45.580 - When parks parts was the other partner? 00:37:45.580 --> 00:37:48.420 - I think those are the main 00:37:48.420 --> 00:37:51.260 - Items and I'd be happy to do a hope well 00:37:52.260 --> 00:37:55.100 - The whole ball updated for when we get there 00:37:55.100 --> 00:38:00.020 - That was exciting 00:38:00.020 --> 00:38:02.860 - What's the party department? 00:38:02.860 --> 00:38:10.060 - No, no, no, no, no, I asked him a question gonna invite a transition to the whole ball update 00:38:10.060 --> 00:38:13.480 - unless there are questions or comments from 00:38:13.480 --> 00:38:21.140 - Okay prior to the whole book should we go on the book? Yeah, okay and just noting from Anna that 00:38:21.740 --> 00:38:27.030 - Dragovic that construction on the core continues and is moving along and that tomorrow is the first 00:38:27.030 --> 00:38:28.240 - day of the Tuesday 00:38:28.240 --> 00:38:32.620 - farmers market, which will be hosted at Hopewell Commons this summer, so 00:38:32.620 --> 00:38:36.260 - Looking forward to that activation 00:38:49.580 --> 00:38:54.780 - Who oversees the final grass and things on Hopewell? Is that a JD question? 00:38:54.780 --> 00:39:06.960 - Well, I guess what I'm looking at is as we start moving through the process on Hopewell and trying 00:39:06.960 --> 00:39:07.580 - to do what we can 00:39:07.580 --> 00:39:11.740 - You know, the presentation is always something that when you see, you know 00:39:11.740 --> 00:39:16.310 - And you know as we go through and it's a necessity for the for our community to try to make sure we 00:39:16.310 --> 00:39:17.500 - keep things looking good 00:39:17.500 --> 00:39:22.740 - accordingly, you know, we should always we as a community as a whole and RDC should always make 00:39:22.740 --> 00:39:24.720 - sure that what we own is up to 00:39:24.720 --> 00:39:27.960 - The standards that we expect our other community members to have 00:39:27.960 --> 00:39:33.940 - So with that as we look at the you know, I know Hopewell is a transition and we're in that thing 00:39:33.940 --> 00:39:38.140 - how do we look at it and say, okay, how do we get this, you know, like the 00:39:38.140 --> 00:39:44.740 - 714 building and the areas around I don't know who's responsible for it. So I'm trying to I know 00:39:44.740 --> 00:39:47.000 - ultimately it is the RDC responsible 00:39:47.120 --> 00:39:53.000 - We have been going through a process to get service contracts out for bed and know who's doing what? 00:39:53.000 --> 00:39:55.920 - I do believe that there is a mowing contractor. That's 00:39:55.920 --> 00:39:59.640 - Correct that it has been 00:39:59.640 --> 00:40:05.310 - Committed to for the mowing and you will be seeing some service contracts come up in a future 00:40:05.310 --> 00:40:05.960 - meeting 00:40:05.960 --> 00:40:10.160 - to make sure this is maintained but as far as like 00:40:10.160 --> 00:40:15.220 - Landscaping or trying to make it look more marketable. That's not something that we would value 00:40:15.220 --> 00:40:16.560 - that waited at this time 00:40:16.600 --> 00:40:18.600 - It certainly might be something 00:40:18.600 --> 00:40:22.560 - Future at the present moment that wouldn't be my expectation 00:40:22.560 --> 00:40:26.450 - My expectation would be just to maintain it the same way we would expect any other community member 00:40:26.450 --> 00:40:27.680 - to maintain their property 00:40:27.680 --> 00:40:32.720 - Yeah, and we are I and I'm actually surprised that it hasn't been 00:40:32.720 --> 00:40:35.960 - Last week, okay 00:40:35.960 --> 00:40:40.120 - Some of this has been mowed, but you know the area going down second street miss 00:40:40.120 --> 00:40:43.000 - I was looking at where the core building has asked for that 00:40:43.160 --> 00:40:47.600 - What's the area that looks there and then you know as we look into the Hopewell area 00:40:47.600 --> 00:40:50.880 - I know there's still the final portions of the construction contract 00:40:50.880 --> 00:40:53.880 - But you know we get up on first Street when we start looking at it 00:40:53.880 --> 00:40:57.640 - It may have been outside the confines of what our construction was 00:40:57.640 --> 00:41:02.760 - But what do we have to do to make it at least mobile presentable so that if you drive by it's like 00:41:02.760 --> 00:41:07.570 - I do believe that efforts have been taken to make sure that they are being maintained if they're 00:41:07.570 --> 00:41:07.720 - not 00:41:08.160 --> 00:41:12.920 - Thank you for letting us know so we can follow up with the contractor. No problem. Thank you 00:41:12.920 --> 00:41:21.540 - One last question on solar if there's a disposition will that mean it's gonna have to be dispute 00:41:21.540 --> 00:41:27.220 - To have a separate resolution on disposition between parks CBU and RDC. I think so 00:41:27.220 --> 00:41:30.840 - Just we haven't I haven't ironed that out 00:41:30.840 --> 00:41:31.120 - I mean 00:41:31.120 --> 00:41:34.640 - I guess the reason that would not happen that way is if we determine that there's 00:41:34.880 --> 00:41:41.020 - One holder for example CBU had a large installation that that they I believe funded that wasn't 00:41:41.020 --> 00:41:41.760 - able to be installed 00:41:41.760 --> 00:41:44.800 - And so I suspect a lot of those panels belong to CBU 00:41:44.800 --> 00:41:49.040 - But we need to document that and the way the contracts went for the solar 00:41:49.040 --> 00:41:53.220 - They talked about production of kilowatt hours rather than discrete 00:41:53.220 --> 00:41:59.280 - Panels and so we're just where's the pay that we're figuring it out. Okay. Yeah. Thank you 00:41:59.280 --> 00:42:04.060 - I just want to be prepared for you know, you're disposing of 622 00:42:04.240 --> 00:42:06.240 - You know 15% of 00:42:06.240 --> 00:42:09.640 - It'll come your way for sure. Okay. Thank you. I 00:42:09.640 --> 00:42:12.880 - Have to leave it 00:42:12.880 --> 00:42:14.880 - Thank you. Thank you, Jim 00:42:14.880 --> 00:42:22.080 - So we are now prepared to move on to new business and that's gonna start with resolution 25 - 58 00:42:22.080 --> 00:42:26.160 - Which is the approval to terminate leases at Showers West who would like to speak to that? 00:42:26.160 --> 00:42:29.560 - Margie is online if you want her to take it. I don't know 00:42:30.320 --> 00:42:35.680 - If Dana or Margie I can do it or Margie can do it. I'll leave it up to Margie 00:42:35.680 --> 00:42:41.640 - I'll start 00:42:41.640 --> 00:42:47.720 - Sorry, I was late I had another meeting but I just got up up so 00:42:47.720 --> 00:42:55.460 - We as you know when we when we the city took over the Showers West building there were existing 00:42:55.460 --> 00:42:56.040 - tenants there 00:42:56.640 --> 00:43:01.160 - Some have have already left. There are some that are still 00:43:01.160 --> 00:43:07.200 - Waiting to leave and I've talked to a couple of them and I'm going to go personally door-to-door 00:43:07.200 --> 00:43:08.240 - talking to 00:43:08.240 --> 00:43:14.470 - Those businesses, but I wanted to make sure that we had documented and Dana put together a great 00:43:14.470 --> 00:43:16.600 - resolution for your consideration 00:43:16.600 --> 00:43:21.400 - Documenting that you're okay with us moving forward to terminate the leases 00:43:21.640 --> 00:43:28.160 - There's a it's it's kind of a weird situation in that the city purchased a building for public use 00:43:28.160 --> 00:43:30.160 - But hasn't fully used it for public 00:43:30.160 --> 00:43:33.640 - Use yet. We intend to get a hundred percent 00:43:33.640 --> 00:43:39.830 - to the point where we are a hundred percent using it for public use and in order to do that we need 00:43:39.830 --> 00:43:40.020 - to 00:43:40.020 --> 00:43:45.680 - To get the tenants moved on to some other location. I've talked to a couple as I said 00:43:45.680 --> 00:43:48.320 - They're working on figuring out where they're going 00:43:48.760 --> 00:43:51.400 - It's kind of a chicken and an egg thing in that 00:43:51.400 --> 00:43:57.400 - We are we are required to assess their damages and pay them for damages 00:43:57.400 --> 00:44:02.040 - What those damages are though is a is it's not a set figure 00:44:02.040 --> 00:44:07.000 - We have to negotiate those and we have to know where they're moving to what it's going to cost them 00:44:07.000 --> 00:44:08.280 - where they move 00:44:08.280 --> 00:44:12.990 - Like what's the new rent going to be or a new mortgage payment? So what are their costs when they 00:44:12.990 --> 00:44:13.680 - move forward? 00:44:13.680 --> 00:44:15.880 - What are the moving expenses? 00:44:16.040 --> 00:44:19.640 - Etc indiana law does and it's in the resolution 00:44:19.640 --> 00:44:24.520 - There's a code citation the data put in there indiana code does say essentially if a public entity 00:44:24.520 --> 00:44:26.080 - takes over a building 00:44:26.080 --> 00:44:33.250 - But didn't use the eminent domain procedures that the person affected is entitled to have their 00:44:33.250 --> 00:44:34.080 - damages assessed 00:44:34.080 --> 00:44:40.640 - In much the same way that you would assess it if you had engaged in public in imminent domain 00:44:40.640 --> 00:44:44.800 - So we didn't take this building by eminent domain. We bought it using 00:44:45.720 --> 00:44:51.700 - Public funds and so we are going to be have to remove the tenants and we are required to assess 00:44:51.700 --> 00:44:52.280 - their damages 00:44:52.280 --> 00:44:55.840 - So that's gonna be an ongoing process that legal will work with these 00:44:55.840 --> 00:44:59.600 - Individuals, hopefully we will be able to reach an agreement with them 00:44:59.600 --> 00:45:05.270 - And if we can't then the way anybody handles the situation when they can't reach an agreement will 00:45:05.270 --> 00:45:07.320 - avail ourselves of court intervention 00:45:07.320 --> 00:45:11.520 - But I am very optimistic that we're gonna be able to reach an agreement with the tenants 00:45:11.520 --> 00:45:15.360 - So with that I'm happy to answer any questions Dana can answer questions 00:45:15.560 --> 00:45:19.360 - And we'd like you to approve the resolution so we can move forward 00:45:19.360 --> 00:45:25.040 - the question about whether this may have to be in the statute any kind of limit or 00:45:25.040 --> 00:45:28.960 - Definition of what reasonable 00:45:28.960 --> 00:45:31.440 - Costs might be for tenants to 00:45:31.440 --> 00:45:35.440 - To move, you know, yeah, that's a great question 00:45:35.440 --> 00:45:40.380 - I have I have shared with people, you know, we can't just pull a big number out of the air and you 00:45:40.380 --> 00:45:40.800 - know 00:45:41.400 --> 00:45:46.880 - This is kind of you hit the lottery because the city doing it has to maybe I'm gonna build myself a 00:45:46.880 --> 00:45:47.080 - building 00:45:47.080 --> 00:45:50.120 - Yeah, right. We have to tie it to actual 00:45:50.120 --> 00:45:57.340 - Damages that that reasonable damage that that they're entitled to I will go on the record of saying 00:45:57.340 --> 00:46:01.820 - I don't believe it's a reasonable for people to think whatever the value of their lease was that 00:46:01.820 --> 00:46:02.840 - they get that figure 00:46:02.840 --> 00:46:06.920 - I don't think that's reasonable. I think we've got to know where they're moving to and I've shared 00:46:06.920 --> 00:46:07.640 - this with the people 00:46:07.640 --> 00:46:13.800 - I've talked to I'm going to know where you're moving to what that rent is what your actual damages 00:46:13.800 --> 00:46:13.920 - are 00:46:13.920 --> 00:46:18.800 - These are public funds. And so I have to be accountable. Sure, and then I'm not trying to be stingy 00:46:18.800 --> 00:46:19.960 - or difficult at all 00:46:19.960 --> 00:46:25.120 - But we have to actually understand what it's costing them from to move here there 00:46:25.120 --> 00:46:32.190 - And so I know, you know one tenant is looking at perhaps buying their own building as opposed to 00:46:32.190 --> 00:46:32.700 - renting 00:46:32.700 --> 00:46:35.440 - Changes the equation a little bit 00:46:36.560 --> 00:46:38.560 - You know again 00:46:38.560 --> 00:46:41.480 - You always look at did they try to mitigate their damages? 00:46:41.480 --> 00:46:44.160 - And so we'll have those conversations 00:46:44.160 --> 00:46:49.960 - I have I have told the people that I've already talked to there are landlords out there who are 00:46:49.960 --> 00:46:50.960 - ready 00:46:50.960 --> 00:46:53.680 - willing and able to be 00:46:53.680 --> 00:46:58.560 - you know to take them in and we want that market to 00:46:58.560 --> 00:47:01.560 - you know to be filled as well and 00:47:02.080 --> 00:47:07.990 - That's good for our landlords to have the extra space and we need to use this building for public 00:47:07.990 --> 00:47:08.500 - space 00:47:08.500 --> 00:47:13.050 - So I'm hoping it's a win-win. I hope there's some landlords out there. That's a thank you city of 00:47:13.050 --> 00:47:14.400 - Bloomington for you know 00:47:14.400 --> 00:47:16.400 - finding us a tenant and 00:47:16.400 --> 00:47:19.520 - We certainly are going to be you know one idea. I've heard 00:47:19.520 --> 00:47:22.800 - that I think it's a really cool idea is 00:47:22.800 --> 00:47:25.720 - it was shared with me by the 00:47:25.720 --> 00:47:30.000 - person at the Bloomington board of realtors that I talked to there's some of the tenants are 00:47:30.000 --> 00:47:32.040 - thinking about maybe working with cook and 00:47:32.040 --> 00:47:35.750 - This is you know I don't think I'm just floating these secrets, but perhaps to move over to some 00:47:35.750 --> 00:47:36.000 - cook 00:47:36.000 --> 00:47:41.940 - Space in the chase building and have kind of a little bit more of a cooperative feel kind of like 00:47:41.940 --> 00:47:42.840 - what we do with the mail 00:47:42.840 --> 00:47:48.560 - For businesses, but something kind of a cooperative work sharing space for nonprofits, which would 00:47:48.560 --> 00:47:49.280 - be super cool 00:47:49.280 --> 00:47:51.280 - And if we could somehow help you know 00:47:51.280 --> 00:47:53.940 - You know instead of sort of making 00:47:53.940 --> 00:47:58.640 - Lemonade out of these lemons that would be great if you know part of the money 00:47:58.640 --> 00:48:01.840 - We're paying for him just goes towards getting them into that kind of space 00:48:02.200 --> 00:48:07.560 - We'd like to see that get off the ground, so you know it's it's gonna be a work in progress 00:48:07.560 --> 00:48:10.080 - I think Dana's gonna be helpful Chris Wheeler 00:48:10.080 --> 00:48:14.860 - I've got a lot of their attorneys in my office that are helpful Chris Cochran had been involved 00:48:14.860 --> 00:48:16.240 - early on and had secured 00:48:16.240 --> 00:48:22.070 - You know some of the tests in fact Dana was one of the tenants who you know the small world that it 00:48:22.070 --> 00:48:23.440 - is Dana was a tenant 00:48:23.440 --> 00:48:30.520 - Who who was removed from showers west and now he's gonna be working on serious shit, so no conflict 00:48:30.760 --> 00:48:32.760 - My way 00:48:32.760 --> 00:48:38.240 - Yeah, we just would like you to happy to answer any questions 00:48:38.240 --> 00:48:42.400 - And we can report back as we make progress on this my goal is that we would be able to get the 00:48:42.400 --> 00:48:44.000 - tenants moved out by October 00:48:44.000 --> 00:48:46.400 - So that's that's Michael 00:48:46.400 --> 00:48:52.680 - Okay, Margie. I've got a question. I'd ask for the 00:48:52.680 --> 00:48:56.040 - Exploration dates of the leases for each of the eight tenants 00:48:57.080 --> 00:49:01.120 - We we can I don't have those in front of me 00:49:01.120 --> 00:49:05.480 - We can definitely follow up with that information some of the tenants of some of the tenants had 00:49:05.480 --> 00:49:09.570 - Extensions and there were several that have sent sort of I think they were sort of all talking to 00:49:09.570 --> 00:49:09.760 - them 00:49:09.760 --> 00:49:13.740 - So hey, we better exercise that extension and so I'd want to look back and see who we got 00:49:13.740 --> 00:49:15.080 - extensions from but we can 00:49:15.080 --> 00:49:16.920 - Get you those 00:49:16.920 --> 00:49:22.360 - Again, I don't know that how relevant that's not going to be terribly relevant to me and my 00:49:24.280 --> 00:49:30.480 - In my negotiations because I don't I don't I just don't think that that's how you you do the math 00:49:30.480 --> 00:49:32.960 - But we can get you that 00:49:32.960 --> 00:49:39.400 - Little disagreement here. I think it is relevant and it's kind of important to know that before we 00:49:39.400 --> 00:49:39.600 - would 00:49:39.600 --> 00:49:42.120 - vote on this but 00:49:42.120 --> 00:49:44.120 - clearly 00:49:44.120 --> 00:49:46.320 - We have to use this only for public purpose 00:49:46.320 --> 00:49:53.050 - I mean, we're not we're not going to go through an eviction process and then work with these people 00:49:53.050 --> 00:49:53.680 - to make that happen 00:49:53.680 --> 00:49:56.980 - but we are required to use this building for a public purpose and 00:49:56.980 --> 00:50:04.400 - It's unfortunate that you know things rolled out the way they did at the end of 2023 2024 00:50:04.400 --> 00:50:09.660 - But now that that you know, we know we have to get people out of that building 00:50:09.660 --> 00:50:12.920 - It's gonna happen either by agreement or through 00:50:12.920 --> 00:50:16.160 - You know some other you know 00:50:17.000 --> 00:50:23.980 - Judicial intervention, but whether regardless of how long there are we have to start using this 00:50:23.980 --> 00:50:24.840 - building for a public purpose 00:50:24.840 --> 00:50:32.040 - And that's you know, that's a requirement that's not just something we want to have 00:50:32.040 --> 00:50:40.480 - Marge just just to clarify on that. We are using the building for a public purpose right now 00:50:40.480 --> 00:50:46.160 - We just have additional yeah partially so we've fulfilled part of our requirement on the bond 00:50:46.240 --> 00:50:47.160 - Yeah 00:50:47.160 --> 00:50:51.040 - Yeah, and I've talked to the bond council and Jessica has to on more than one occasion 00:50:51.040 --> 00:50:54.400 - They want us to have it used a hundred percent for public purpose 00:50:54.400 --> 00:50:58.600 - So it's not really an option that I have that I can can 00:50:58.600 --> 00:51:04.760 - you know allow this to continue to be used for not not to be compliant with the 00:51:04.760 --> 00:51:07.000 - agreements that we 00:51:07.000 --> 00:51:09.520 - Was entered into the bond 00:51:09.520 --> 00:51:13.080 - Yeah, and that was previous administration 00:51:13.320 --> 00:51:17.000 - Mm-hmm and and it was promised that it would be used for public 00:51:17.000 --> 00:51:23.240 - With that is that significant based on bond council for the October 31st or 13th? Excuse me October 00:51:23.240 --> 00:51:24.240 - 13th date 00:51:24.240 --> 00:51:28.980 - Or is that just a date we've identified to try to move things forward. We don't have 00:51:28.980 --> 00:51:33.420 - That's a date that I've identified to move it forward. That's a date the bond council is 00:51:33.420 --> 00:51:34.400 - comfortable with 00:51:34.400 --> 00:51:41.430 - And so I'm trying to make sure that we you know that we comply with all of our requirements. Thank 00:51:41.430 --> 00:51:41.800 - you 00:51:42.160 --> 00:51:44.160 - Mm-hmm 00:51:44.160 --> 00:51:50.560 - Any other questions or comments from commissioners on resolution 25 - 58 00:51:50.560 --> 00:51:55.320 - If not, I'll go ahead 00:51:55.320 --> 00:51:58.040 - I'm just gonna open it for public comment 00:51:58.040 --> 00:52:01.240 - Commissioners are done with their questions 00:52:01.240 --> 00:52:05.880 - Yes comment from public 00:52:07.000 --> 00:52:12.580 - Not a comment, but it's a question and I'll say should I usually say I understand there's no legal 00:52:12.580 --> 00:52:14.160 - obligation to answer the question 00:52:14.160 --> 00:52:19.700 - But as a journalist with a square bulletin, that's what I do. I ask a question if I can 00:52:19.700 --> 00:52:26.020 - I'm curious to know if there's any specific identified additional public purpose 00:52:26.020 --> 00:52:32.930 - That the city is going to put the space to I mean, it's clear as a bell that we can't use it for 00:52:32.930 --> 00:52:34.040 - this private purpose 00:52:34.040 --> 00:52:36.360 - so we're 00:52:36.840 --> 00:52:43.840 - Out so what's the specific public purpose that the city will be making of the space is that known? 00:52:43.840 --> 00:52:54.180 - Is that a question that you want me to answer I know Anna's in the room and Jessica's there other 00:52:54.180 --> 00:52:55.400 - than Dana 00:52:55.400 --> 00:53:00.240 - I'll take that question as a commission. I'll take up that question as a commissioner and invite 00:53:00.240 --> 00:53:01.400 - you to respond Margie 00:53:01.400 --> 00:53:04.480 - Okay, um, I I 00:53:05.400 --> 00:53:10.560 - To be honest don't know exactly what offices are going to move into showers west 00:53:10.560 --> 00:53:13.680 - but it's my understanding that we intend to use that for 00:53:13.680 --> 00:53:16.720 - additional office space to 00:53:16.720 --> 00:53:18.800 - fairly 00:53:18.800 --> 00:53:22.020 - Tight in tight quarters over here. It's my understanding that we're going to use that for 00:53:22.020 --> 00:53:23.560 - additional office space 00:53:23.560 --> 00:53:28.400 - But I haven't seen the specific plans yet, and I think some of that is 00:53:28.400 --> 00:53:34.160 - And I don't know if Jessica or Anna or somebody else has has additional fans 00:53:34.160 --> 00:53:37.340 - But I haven't seen but I believe it's just going to be additional 00:53:37.340 --> 00:53:42.980 - You know city office space I believe Margie is correct 00:53:42.980 --> 00:53:48.110 - I don't think that there's an official plan on who is moving where and when I think that the mayor's 00:53:48.110 --> 00:53:49.160 - office is working on 00:53:49.160 --> 00:53:51.160 - figuring that out now 00:53:51.160 --> 00:53:54.820 - But there is no official plan on who is going where? 00:53:58.440 --> 00:54:04.430 - We have I mean just further and we've modified some office space over here legal HR is currently 00:54:04.430 --> 00:54:05.560 - modifying their office space 00:54:05.560 --> 00:54:07.400 - I would expect that they would stay 00:54:07.400 --> 00:54:08.840 - put 00:54:08.840 --> 00:54:11.920 - But I don't know what what beyond that who? 00:54:11.920 --> 00:54:16.800 - You know what what they're going to use it for or how ostensibly it's going to be remodeled 00:54:16.800 --> 00:54:24.920 - Any other public comment, otherwise we might have one more commissioners 00:54:26.560 --> 00:54:28.560 - Thank you, yeah 00:54:28.560 --> 00:54:30.080 - Good evening. My name is Dave Harstad 00:54:30.080 --> 00:54:35.770 - I am a commercial real estate broker here in Bloomington and I would like to respectfully request 00:54:35.770 --> 00:54:37.140 - of the commission 00:54:37.140 --> 00:54:39.440 - that in addition to 00:54:39.440 --> 00:54:41.920 - As Margie said going door-to-door 00:54:41.920 --> 00:54:47.500 - to speak to the various tenants that some effort be made to 00:54:47.500 --> 00:54:50.400 - disclose to tenants and just 00:54:50.400 --> 00:54:54.160 - Hope the public understand the black-letter law of what? 00:54:55.520 --> 00:54:56.900 - damages 00:54:56.900 --> 00:54:58.720 - you know are 00:54:58.720 --> 00:55:01.800 - available to folks who are losing their lease 00:55:01.800 --> 00:55:06.760 - Through the city's legal right of eminent domain. So for example 00:55:06.760 --> 00:55:09.400 - There are company this in dot 00:55:09.400 --> 00:55:13.400 - Condemns 00:55:13.400 --> 00:55:17.680 - Property interests all the time. There's there should be some pretty clear black-letter law as to 00:55:17.680 --> 00:55:21.640 - What damages should be and I think that that would help de-escalate? 00:55:22.760 --> 00:55:26.760 - And make things more swift and amicable if we could for example to John's 00:55:26.760 --> 00:55:29.940 - Question back and forth with Murphy law 00:55:29.940 --> 00:55:33.280 - Is an exercisable option? 00:55:33.280 --> 00:55:39.310 - Compensable right there's got to be law on that and so I would respect the respectfully request 00:55:39.310 --> 00:55:39.680 - that 00:55:39.680 --> 00:55:42.200 - that the RDC 00:55:42.200 --> 00:55:49.960 - For example, you know, they're higher or redeveloped or a relocation consultant that does this for 00:55:50.560 --> 00:55:53.520 - Federal highway projects that sort of thing to say all right 00:55:53.520 --> 00:55:59.440 - Here is the list of things that a tenant that is losing their leasehold interest through a taking 00:55:59.440 --> 00:56:04.600 - You know, here's here's the way damages are assessed and calculated for that 00:56:04.600 --> 00:56:10.220 - So I don't think anyone's contesting your right to terminate leases by eminent domain 00:56:10.220 --> 00:56:17.040 - But I do think that we could really make this process a lot easier if we brought in an outside 00:56:17.040 --> 00:56:17.480 - expert 00:56:17.480 --> 00:56:20.520 - He said here's the here are the buckets of 00:56:20.520 --> 00:56:25.280 - Compensation. Here's the methodology for calculating damages. Thank you 00:56:25.280 --> 00:56:38.020 - Another public comment, please. Hi. My name is Tia Arthur. I'm with under open casa 00:56:38.020 --> 00:56:41.000 - the executive director I 00:56:41.000 --> 00:56:47.180 - Would just ask if you're considering agreeing to the resolution that 00:56:47.340 --> 00:56:52.900 - The date be a little bit more flexible than October. Um, this is the first official 00:56:52.900 --> 00:56:57.580 - Notice or discussion I've heard about this so 00:56:57.580 --> 00:57:00.180 - four months 00:57:00.180 --> 00:57:05.480 - It's not much time. It took us nine months to find this location. So if there's any 00:57:05.480 --> 00:57:10.620 - ability to be flexible with that date given that 00:57:12.500 --> 00:57:18.020 - We've been in this lease for two years or it's been known to the city for two years that were 00:57:18.020 --> 00:57:20.380 - Not allowed to be there according to the bond 00:57:20.380 --> 00:57:23.260 - that that four months be 00:57:23.260 --> 00:57:27.620 - Potentially extended to at least allow us 00:57:27.620 --> 00:57:30.620 - the ability to 00:57:30.620 --> 00:57:33.100 - Timely find a new space 00:57:33.100 --> 00:57:39.420 - So if there's that going to be any agreement tonight that I I would ask that the October date be 00:57:39.420 --> 00:57:40.340 - reconsidered 00:57:40.980 --> 00:57:42.980 - Thank you 00:57:42.980 --> 00:57:50.840 - If I may comment on that I just I do appreciate that October feels like it's coming up fairly 00:57:50.840 --> 00:57:51.660 - quickly 00:57:51.660 --> 00:57:57.580 - However, as I mentioned earlier my conversation the city of Bloomington had hired a professional 00:57:57.580 --> 00:58:03.800 - Chris Cochran who had met with all of the tenants. I believe including Casa to talk to them about 00:58:03.800 --> 00:58:04.220 - this 00:58:04.220 --> 00:58:07.220 - This requirement that they move out 00:58:08.540 --> 00:58:12.980 - It's not clear to me while why all of the tenants didn't 00:58:12.980 --> 00:58:20.180 - Get successfully moved out while the city was contracting with Chris Cochran by here 00:58:20.180 --> 00:58:25.860 - We are and so it's not I mean it's been in the news and it's been public knowledge for 00:58:25.860 --> 00:58:32.500 - You know many months as she explains that this was process going to happen. So I 00:58:32.500 --> 00:58:35.420 - Don't think that this is a surprise 00:58:35.980 --> 00:58:43.560 - that this is coming and we are again required to use this as as public space and 00:58:43.560 --> 00:58:47.340 - Believe me. I've tried to serve like well if we're using 00:58:47.340 --> 00:58:52.140 - Getting the rent and we're using the rent as a public purpose. Isn't that? 00:58:52.140 --> 00:58:58.500 - Okay, and the answer by non capital is no it needs to be used for a public purpose. And so 00:58:58.500 --> 00:59:02.520 - We I feel it's it's rather important that we comply 00:59:03.420 --> 00:59:06.840 - With the requirement when we bought that building what we said we were going to do 00:59:06.840 --> 00:59:09.060 - and 00:59:09.060 --> 00:59:15.100 - And I can understand that you know few months might not seem all that long, but we are definitely 00:59:15.100 --> 00:59:16.780 - willing to 00:59:16.780 --> 00:59:23.090 - Work with the property, you know all of the tenants to try to help relocate them and I'm told that 00:59:23.090 --> 00:59:23.580 - there is 00:59:23.580 --> 00:59:25.660 - There is 00:59:25.660 --> 00:59:26.660 - available 00:59:26.660 --> 00:59:28.340 - commercial space 00:59:28.340 --> 00:59:30.340 - nearby 00:59:32.860 --> 00:59:36.880 - I'm just confirming if there's any further public comment, and then I will turn it back to 00:59:36.880 --> 00:59:37.800 - commissioners because I 00:59:37.800 --> 00:59:42.340 - Understand that there's some further comment from commissioners, but if there's no other public 00:59:42.340 --> 00:59:44.260 - comment, it's Arthur 00:59:44.260 --> 00:59:53.500 - And Chris was in communication with Chris Amache the previous executive director 00:59:53.500 --> 00:59:57.980 - Once Mayor Thompson came in on to the administration 00:59:58.500 --> 01:00:03.420 - We were informed by Chris that we no longer needed to worry about this issue, and it wasn't 01:00:03.420 --> 01:00:04.100 - something that 01:00:04.100 --> 01:00:10.480 - We needed we were we were told that we don't need to relocate that Mayor Thompson was not 01:00:10.480 --> 01:00:11.180 - interested in 01:00:11.180 --> 01:00:17.220 - And having us leave any longer, so we didn't look into it any further. I mean that was for Chris Gaffer 01:00:17.220 --> 01:00:21.540 - That's also no one's talked to me 01:00:24.900 --> 01:00:30.820 - Also just add real briefly on the on the subject of time if there's any build-out required 01:00:30.820 --> 01:00:31.780 - whatsoever 01:00:31.780 --> 01:00:34.980 - You know, you've got permitting 01:00:34.980 --> 01:00:41.510 - Contract bidding mobilization anybody in this room you do this all the time. You can't possibly do 01:00:41.510 --> 01:00:43.300 - anything other than carbon and paint 01:00:43.300 --> 01:00:52.110 - Thank you, I'm going to turn it back to commissioners because I know that commissioners has some 01:00:52.110 --> 01:00:54.220 - additional comments mr. Westing you want to start 01:00:55.220 --> 01:00:57.220 - Yeah, I'm going to I don't want to 01:00:57.220 --> 01:01:07.740 - Our argue with mrs. Rice, but I think it's imperative that the city would have given written notice 01:01:07.740 --> 01:01:14.020 - That this was to occur and I don't believe that was done 01:01:14.020 --> 01:01:17.500 - Correct me if I'm wrong and 01:01:17.500 --> 01:01:23.420 - Based on the comments that that I've heard tonight from the public. I would like to see us 01:01:24.420 --> 01:01:26.420 - Modify this resolution 01:01:26.420 --> 01:01:32.300 - To and extend the October 13th to December 13th of 2025 01:01:32.300 --> 01:01:35.260 - so I'll throw that out as a 01:01:35.260 --> 01:01:48.980 - Process that does need to happen. I think we all recognize that that that one option seems to me to 01:01:48.980 --> 01:01:52.700 - Pass resolution that 01:01:52.900 --> 01:01:58.500 - allows the city to to give tenants notice and 01:01:58.500 --> 01:02:03.420 - Either either to extend the deadline or 01:02:03.420 --> 01:02:09.920 - Well, this isn't going to work in a resolution. I realize as I'm saying this but going back to John's 01:02:09.920 --> 01:02:12.220 - point about understanding when leases and 01:02:12.220 --> 01:02:17.220 - It strikes me that it's reasonable to 01:02:18.060 --> 01:02:24.380 - For us as a commission to look at at the specific impact on each of these eight each of these eight 01:02:24.380 --> 01:02:24.980 - entities 01:02:24.980 --> 01:02:27.340 - with respect to that date I 01:02:27.340 --> 01:02:34.500 - Might propose in fact that we table this get that information back revisit it at the next meeting 01:02:34.500 --> 01:02:34.740 - and 01:02:34.740 --> 01:02:40.180 - Then decide based on that information whether we think December 13th 01:02:40.180 --> 01:02:44.060 - Deadline is more reasonable if we want to give a time frame 01:02:44.700 --> 01:02:48.500 - In the resolution or we want to do something else 01:02:48.500 --> 01:02:55.940 - And I can tell you that I many of it seemed almost as if the tenants were talking to each other 01:02:55.940 --> 01:02:56.660 - because we have 01:02:56.660 --> 01:02:58.940 - At least two or three 01:02:58.940 --> 01:03:02.780 - Notices like hey, I want to I want to exercise my five-year extension 01:03:02.780 --> 01:03:08.380 - I want to exercise or I want to exercise this option certified mail by many of them again 01:03:08.700 --> 01:03:15.260 - We cannot let people exercise that extension for five or ten years. So if the information is that 01:03:15.260 --> 01:03:19.180 - They've sent a letter and said that they want another five years 01:03:19.180 --> 01:03:23.900 - That's just not going to happen and it's not whether it's October whether it's December 01:03:23.900 --> 01:03:28.740 - We need to the bottom line is we need to get them out of that building 01:03:28.740 --> 01:03:31.700 - using it for public purpose that we are compliant with 01:03:31.700 --> 01:03:35.340 - IRS code and our bond documents and so 01:03:36.740 --> 01:03:38.980 - No matter if it's you know 01:03:38.980 --> 01:03:44.740 - 2027 or you know five years after that because many of them have 01:03:44.740 --> 01:03:50.140 - We can we can get you the information that many of them have leases that run beyond 01:03:50.140 --> 01:03:54.020 - 25 into 26 27 and then if they've said hey 01:03:54.020 --> 01:03:57.190 - I want to exercise the extension and I don't know if that's because they thought they were getting 01:03:57.190 --> 01:03:59.500 - greater damages that they exercise the extension 01:03:59.500 --> 01:04:01.220 - I don't know 01:04:01.220 --> 01:04:06.620 - But all I'm saying is the process for me is going to be the same no matter what 01:04:06.620 --> 01:04:10.180 - That day is I have to try to negotiate them out of there as soon as possible 01:04:10.180 --> 01:04:13.100 - Help them be a good neighbor try to help them find 01:04:13.100 --> 01:04:18.290 - another landlord out there is looking for a good tenant and try to play matchmaker and get a 01:04:18.290 --> 01:04:19.540 - matched up and then 01:04:19.540 --> 01:04:24.060 - Say how much more are you gonna be paying in rent in that next place than you would be paying here? 01:04:24.060 --> 01:04:27.980 - And we know that cook I think gave people a pretty good deal in rent 01:04:27.980 --> 01:04:33.220 - Great for cooking great for the tenants, but then we got to figure out like what are the reasonable 01:04:33.220 --> 01:04:33.980 - damages? 01:04:33.980 --> 01:04:35.980 - What are the moving costs? Do you have to get new? 01:04:36.540 --> 01:04:38.540 - things printed out with your new address 01:04:38.540 --> 01:04:43.320 - Again, what are the actual damages and you know to mr. 01:04:43.320 --> 01:04:47.260 - Harseth's point, you know if we need to get a professional in here to help 01:04:47.260 --> 01:04:50.740 - Hey, that's in the RTC wants to pay for that. That's great 01:04:50.740 --> 01:04:54.940 - We did have a professional involved to help and here we are 01:04:54.940 --> 01:04:59.140 - So I'm I'm ready to roll up my sleeves and help people move 01:04:59.140 --> 01:05:02.460 - You know figure out a place to move and then figure out what's reasonable 01:05:02.460 --> 01:05:08.260 - But I'm telling you that I do not think paying somebody for a five-year extension is going to be 01:05:08.260 --> 01:05:09.580 - considered reasonable 01:05:09.580 --> 01:05:14.440 - And we've done some research the team of lawyers here in city. We've all done some research about 01:05:14.440 --> 01:05:15.060 - what is damages 01:05:15.060 --> 01:05:20.270 - It's not nearly the same. It's not as easy as hey, I'm taking two acres of land and let's get that 01:05:20.270 --> 01:05:20.860 - land appraised 01:05:20.860 --> 01:05:25.960 - Building the road we do that kind of right-of-way phrase. We just did it on my street, you know, I 01:05:25.960 --> 01:05:28.500 - signed offers for the 01:05:29.420 --> 01:05:34.640 - Transportation it's a little different than doing a road project. It's a little trickier, but 01:05:34.640 --> 01:05:37.780 - I'm happy to get all the help we need 01:05:37.780 --> 01:05:46.000 - But again, I do not think that whether they have a how long that their lease term is 01:05:46.000 --> 01:05:51.020 - It's going to make it a big difference on my end in terms of what I am required to do 01:05:51.020 --> 01:05:55.160 - So I'll concur with John's suggestion that we make it 01:05:55.700 --> 01:05:59.740 - December 13th or simply the end of the year end of the calendar year 01:05:59.740 --> 01:06:06.470 - What is the protocol under the Thompson administration for communication with tenants in terms of 01:06:06.470 --> 01:06:08.620 - the written notice that was mentioned 01:06:08.620 --> 01:06:11.740 - I'm just trying to get an understanding because I certainly understand that mr 01:06:11.740 --> 01:06:15.380 - Cockrum was available under the previous administration as a resource for tenants 01:06:15.380 --> 01:06:19.320 - But clearly there was some shift in how that communication happened with the change in 01:06:19.320 --> 01:06:19.880 - administration 01:06:19.880 --> 01:06:22.700 - And I'm just trying to get a clearer idea of what the expectations 01:06:23.180 --> 01:06:26.860 - Reasonably were of tenants since the Thompson administration began 01:06:26.860 --> 01:06:28.940 - Well, I can I can tell you that mr 01:06:28.940 --> 01:06:34.520 - Cockrum was it was still working on it when we came in and so I was not aware that people people 01:06:34.520 --> 01:06:35.220 - that they didn't 01:06:35.220 --> 01:06:41.140 - Have to worry about it. That is news to me. I will tell you that I talked with and met with Chris 01:06:41.140 --> 01:06:42.060 - Cockrum and 01:06:42.060 --> 01:06:47.140 - He shared with me progress he had made I do know that 01:06:47.980 --> 01:06:53.940 - And I think everybody here is aware of that when mayor Thompson took office. She decided to figure 01:06:53.940 --> 01:06:54.240 - out 01:06:54.240 --> 01:06:59.650 - What she wanted to do with showers West and what she got to continue with the plan that the 01:06:59.650 --> 01:07:02.100 - Hamilton administration had which was to use 01:07:02.100 --> 01:07:07.810 - This for police and fired headquarters or not. She put together a task team while that was going on. 01:07:07.810 --> 01:07:08.940 - It's very transparent 01:07:08.940 --> 01:07:10.420 - It was in the news 01:07:10.420 --> 01:07:13.900 - And everybody was sort of aware and that it was announced that no 01:07:13.900 --> 01:07:19.940 - She wasn't going to have the same vision for showers West that mayor Hamilton did so we have moved 01:07:19.940 --> 01:07:22.500 - fire administration in there 01:07:22.500 --> 01:07:26.500 - It has been decided that police admin or not will not move in there 01:07:26.500 --> 01:07:29.700 - That's something the police did not want to do and she concurred with that 01:07:29.700 --> 01:07:35.100 - And so it's going to be used for typical office space for the city of Bloomington 01:07:35.100 --> 01:07:37.500 - I 01:07:37.500 --> 01:07:42.800 - Have letters ready to go. I'm going to talk to everybody. I've already met 01:07:43.340 --> 01:07:46.020 - With one tenant talked to another on the phone 01:07:46.020 --> 01:07:52.380 - We've we you know ready to go to have these conversations, but in terms of 01:07:52.380 --> 01:07:59.980 - Chris's involvement it did carry over into 2024 and 01:07:59.980 --> 01:08:06.860 - But I mean I have a sense of urgency that I need to take get moving and 01:08:06.860 --> 01:08:08.980 - I 01:08:08.980 --> 01:08:14.780 - Am surprised that he said they they were going to be able to stay that's not you know, that is not 01:08:14.780 --> 01:08:15.780 - something that I thought 01:08:15.780 --> 01:08:18.500 - was done, but 01:08:18.500 --> 01:08:22.660 - I'm not saying that it's not true. I mean, I believe I believe the tenant said that 01:08:22.660 --> 01:08:28.400 - We just need to get a plan and go forward. So my plan is to 01:08:28.400 --> 01:08:36.020 - You know send walk these letters over to each tenant if you agree that we can move forward and then 01:08:36.020 --> 01:08:37.780 - start the conversations 01:08:38.300 --> 01:08:39.820 - I 01:08:39.820 --> 01:08:41.820 - Would like to add to that that 01:08:41.820 --> 01:08:47.340 - until now there's not been any written notice because you are 01:08:47.340 --> 01:08:50.220 - landlords of the property and 01:08:50.220 --> 01:08:55.580 - the reason I drafted the resolution is because only you can 01:08:55.580 --> 01:09:00.820 - Tell us to give them notification that we're terminating the lease they could enter into 01:09:00.820 --> 01:09:01.700 - discussions 01:09:01.700 --> 01:09:05.440 - And like they did with me when I was in there we came to an agreement 01:09:06.380 --> 01:09:08.380 - And so it was fine 01:09:08.380 --> 01:09:13.340 - But to to keep the process moving at this point 01:09:13.340 --> 01:09:19.940 - There doesn't need to be written notice and it does need to come from this group 01:09:19.940 --> 01:09:25.860 - And Dana is there anything aside from this resolution that would trigger that is needed to trigger 01:09:25.860 --> 01:09:26.180 - that 01:09:26.180 --> 01:09:33.140 - No, because this is saying that you approve for that process to start 01:09:34.780 --> 01:09:42.540 - Actually terminating the leases and so the city couldn't terminate them or give notice to terminate 01:09:42.540 --> 01:09:42.780 - them 01:09:42.780 --> 01:09:45.220 - Because the city did not have 01:09:45.220 --> 01:09:51.380 - So yeah, so it needs to come here and I do think that they 01:09:51.380 --> 01:09:54.460 - even honestly in my opinion once you 01:09:54.460 --> 01:09:58.860 - Work out an agreement if you're going to do a build-out or something like that 01:09:58.860 --> 01:10:05.820 - I don't think that barn council would worry too much about an extension pass that December 13th 01:10:05.820 --> 01:10:07.340 - date or whatever date you choose 01:10:07.340 --> 01:10:11.580 - because it's happening and it's going to happen and 01:10:11.580 --> 01:10:16.140 - so I I think that there is still 01:10:16.140 --> 01:10:24.940 - Flexibility there with the tenants so you can work with them as well, but we've got to start the 01:10:25.460 --> 01:10:31.580 - Official process and that's what this resolution does is that it starts officially. I'm sorry. I'm 01:10:31.580 --> 01:10:31.600 - sorry 01:10:31.600 --> 01:10:37.700 - Would an extension come back to us to approve if that was necessary or simply we would have to be 01:10:37.700 --> 01:10:38.420 - part of the 01:10:38.420 --> 01:10:40.820 - negotiations and to you and you would take care of all that? 01:10:40.820 --> 01:10:43.740 - corporation councils council for 01:10:43.740 --> 01:10:47.420 - All the city so they can 01:10:47.420 --> 01:10:50.380 - count so they can 01:10:50.380 --> 01:10:53.020 - Negotiate those terms and 01:10:53.540 --> 01:10:59.220 - Again, Margie can correct me if I'm wrong, but I do believe that as long as you're making progress 01:10:59.220 --> 01:11:00.760 - and you know 01:11:00.760 --> 01:11:06.740 - Where this is leading that a tenant needed to stay on an extra month or two for a build-out that 01:11:06.740 --> 01:11:07.860 - that could be done 01:11:07.860 --> 01:11:15.140 - Well, I'm still gonna make 01:11:15.140 --> 01:11:21.260 - My motion still stands, I don't want to go on a case-by-case basis 01:11:21.260 --> 01:11:23.420 - I want to give everybody the same amount of time 01:11:23.420 --> 01:11:29.820 - Just point of clarification Margie can't and now that we are in a public situation 01:11:29.820 --> 01:11:35.100 - Without any questions that the leases need to be terminated due to the bond 01:11:35.100 --> 01:11:41.980 - Otherwise, we as the RDC the city would be in extreme difficulty on an eight million dollar bond 01:11:46.220 --> 01:11:51.540 - We sold you the bonds with premise we're buying that building to be used for a public purpose 01:11:51.540 --> 01:11:54.860 - It can be used it doesn't have to be used for 01:11:54.860 --> 01:12:02.460 - The pride of the public or for them, please and fire you it can be used for any public sector 01:12:02.460 --> 01:12:07.700 - yeah, okay, so and but it does need to be used for a public purpose and 01:12:07.700 --> 01:12:14.860 - That does not include using its letting tent private tenants use it 01:12:15.540 --> 01:12:21.260 - Again, it's it's a weird situation. We don't have to use the eminent domain statute because 01:12:21.260 --> 01:12:24.980 - We're taking possession of a building. We are young, right? 01:12:24.980 --> 01:12:29.630 - So you use eminent domain when you're and certainly if you know when I come into this and thought 01:12:29.630 --> 01:12:30.580 - about like yes 01:12:30.580 --> 01:12:35.670 - The city of women has the legal authority to exercise eminent domain and take somebody's yard for a 01:12:35.670 --> 01:12:35.940 - road 01:12:35.940 --> 01:12:42.260 - Certainly the city can go back in and take its own building that it already owns for its own use 01:12:42.860 --> 01:12:47.140 - Of course that that's the conversation we had and did our research and the answer is yes 01:12:47.140 --> 01:12:51.780 - Yes, the city can take possession of its very own building for its very own use 01:12:51.780 --> 01:12:56.200 - Especially when you have a bond document and IRS regulations that say you're going to use it for 01:12:56.200 --> 01:12:57.020 - public purpose 01:12:57.020 --> 01:13:00.420 - so we need to make that happen and 01:13:00.420 --> 01:13:03.860 - We will absolutely 01:13:03.860 --> 01:13:07.300 - be fair to the tenants and flexible and 01:13:08.140 --> 01:13:14.740 - You know we we are their neighbors the mayor has zero interest in me being you know difficult with 01:13:14.740 --> 01:13:15.580 - these tenants 01:13:15.580 --> 01:13:20.860 - That's a not my style and be not my interest and so we will work with them 01:13:20.860 --> 01:13:24.860 - But we have as Dana said we've got to get this going it stalled 01:13:24.860 --> 01:13:27.660 - And we need to pick it up and go with it 01:13:27.660 --> 01:13:34.260 - And so I'm just looking for the ability the permission to move forward and as Dana said, you know 01:13:34.260 --> 01:13:35.020 - under 01:13:35.540 --> 01:13:40.510 - Indiana law the corporation council is the legal counsel for the city and I represent the legal 01:13:40.510 --> 01:13:42.420 - interest and I'm trying to represent 01:13:42.420 --> 01:13:46.020 - The legal interests of the city and make sure we do what we're supposed to do 01:13:46.020 --> 01:13:51.540 - And I appreciate that the question I have is who is going to be the point contact because we have 01:13:51.540 --> 01:13:52.380 - tenants here 01:13:52.380 --> 01:13:58.010 - So they're aware of who will be contacting will be you will be Dana so they know who they're going 01:13:58.010 --> 01:13:59.020 - to work with I 01:13:59.660 --> 01:14:05.900 - Put my personal cell phone in the letters and so I have and going to deliver them and meet with 01:14:05.900 --> 01:14:06.900 - everybody and give them 01:14:06.900 --> 01:14:09.700 - My personal cell phone and I will work now if I'm not available 01:14:09.700 --> 01:14:14.460 - They certainly reach out to Dana Dana will help Chris Wheeler is available to help 01:14:14.460 --> 01:14:17.060 - We have other attorneys who are aware of the situation 01:14:17.060 --> 01:14:22.540 - I like to never be the one with all of the information in case I win the lottery or 01:14:22.540 --> 01:14:24.540 - Hit my boss 01:14:24.540 --> 01:14:37.700 - Okay, I just want to make sure who it is so thank you appreciate it 01:14:37.700 --> 01:14:39.620 - Okay, so 01:14:39.620 --> 01:14:45.620 - Thank you for that further discussion. We do have a first and a second and just just remind me 01:14:45.620 --> 01:14:50.620 - I don't know if I caught because there was a proposal for an extension through December if that was 01:14:50.620 --> 01:14:52.020 - based on that if the 01:14:52.220 --> 01:14:54.220 - Motion need was would that have been it? 01:14:54.220 --> 01:14:55.660 - Yes 01:14:55.660 --> 01:14:57.660 - well with I 01:14:57.660 --> 01:15:02.220 - December 13th or I was suggesting we simply go to the end of the year 01:15:02.220 --> 01:15:06.340 - I don't know if there's a reason not to go to the end of the year. It feels a little arbitrary. 01:15:06.340 --> 01:15:06.780 - Well 01:15:06.780 --> 01:15:09.420 - So was October 13th arbitrary 01:15:09.420 --> 01:15:13.100 - So I picked true I just moved it because I thought 01:15:13.100 --> 01:15:18.650 - If we ran into some issues and we needed a couple days to clean it up, we'd be done by the end of 01:15:18.650 --> 01:15:19.140 - the year 01:15:20.460 --> 01:15:22.460 - That's that's really why 01:15:22.460 --> 01:15:30.410 - I don't know what day that falls on. That's why I was looking halfway through the end of December 01:15:30.410 --> 01:15:31.860 - guys. Good luck finding somebody 01:15:31.860 --> 01:15:36.940 - Because most of us are yeah, you want to get it done for the holidays. I just didn't want 01:15:36.940 --> 01:15:39.780 - I will 01:15:39.780 --> 01:15:41.700 - make my 01:15:41.700 --> 01:15:44.600 - Proposal contingent on a December 13th 01:15:45.300 --> 01:15:51.020 - So a change in the resolution to say December 13th, but then October 13th, that's a Saturday 01:15:51.020 --> 01:15:55.620 - Okay, so who made the initial motion and just clear it because I want to make sure that we're doing 01:15:55.620 --> 01:15:56.300 - this properly 01:15:56.300 --> 01:16:02.060 - Well, John you suggested I I I move that we amend 01:16:02.060 --> 01:16:05.500 - 25 - 58 01:16:05.500 --> 01:16:13.300 - To say rather than October 13 2025 to say December 13th. May I just quickly for logistics? 01:16:13.660 --> 01:16:19.020 - Our last meeting is December 15th, which is only two days after that 01:16:19.020 --> 01:16:24.140 - Which does not give us a lot of time if there needs to be business brought to the RDC 01:16:24.140 --> 01:16:28.340 - Just saying logistically if you needed to back that up 01:16:28.340 --> 01:16:35.140 - December 1st 01:16:35.140 --> 01:16:38.420 - Sorry, just in the conversation previously 01:16:38.420 --> 01:16:42.350 - It was my understanding that this resolution would get the ball rolling and that would give 01:16:42.350 --> 01:16:43.460 - permission to legal counsel 01:16:43.700 --> 01:16:49.370 - To do the negotiation so that I thought that question had been asked and answered that if there 01:16:49.370 --> 01:16:50.900 - were to be an extension 01:16:50.900 --> 01:16:54.500 - Let's say on a tenant-by-tenant basis that wouldn't necessarily need to come back to the RDC 01:16:54.500 --> 01:16:56.380 - because we're delegating that permission 01:16:56.380 --> 01:16:58.260 - Am I understanding that correctly or not? 01:16:58.260 --> 01:17:02.830 - I was responding to John's comments regarding just trying to make sure that business was wrapped up 01:17:02.830 --> 01:17:04.100 - before the end of the year 01:17:04.100 --> 01:17:07.180 - I'm just saying worst-case scenario something did have to come to you 01:17:07.180 --> 01:17:09.380 - I'm not saying that that's the goal or the effort right now 01:17:09.380 --> 01:17:14.620 - But if there was you guys are out of meetings to do it. Well, my assumption was it would not 01:17:14.620 --> 01:17:16.020 - require our 01:17:16.020 --> 01:17:23.100 - Input it would pretty much it was just staff being able to wrap it up and hopefully that's the case 01:17:23.100 --> 01:17:30.780 - Makes no difference what that date is it may have to come back to us again. So yeah, it's not 01:17:30.780 --> 01:17:35.140 - So we might want to clarify 01:17:35.140 --> 01:17:39.140 - What exactly what motions are on the table? Yes, that's what I'm seeking 01:17:39.140 --> 01:17:41.140 - Yeah 01:17:41.140 --> 01:17:44.380 - There's really only one really simple motion 01:17:44.380 --> 01:17:53.380 - Well, I think I I moved a proposal that would change the October 13th day to December 13th 01:17:53.380 --> 01:17:56.380 - I 01:17:56.380 --> 01:18:01.500 - I'll just leave that on the table if there's a counter proposal to 01:18:01.500 --> 01:18:03.500 - adopt 01:18:03.500 --> 01:18:10.380 - The proposal as it stands with the October 13th day. I think it's a motion a second 01:18:10.380 --> 01:18:14.780 - And then if there was not support for that date or for that amendment then that motion would fail 01:18:14.780 --> 01:18:19.580 - And then we could reintroduce another motion where the revised date if that was the what were the 01:18:19.580 --> 01:18:21.020 - interest was that's my understanding 01:18:21.020 --> 01:18:23.020 - Yes from a procedural standpoint 01:18:23.020 --> 01:18:28.300 - So if it's not just a motion to amend it's a motion to approve when an amendment, right? 01:18:28.300 --> 01:18:33.220 - Okay, so just if you're making that motion, could you just state it so that we have the clarity 01:18:33.220 --> 01:18:34.220 - that's needed. I 01:18:34.220 --> 01:18:36.900 - move that we 01:18:36.900 --> 01:18:39.260 - amend 01:18:39.260 --> 01:18:47.500 - Proposals or a 2558 to have the date of December 13th rather than October 13th and to approve 01:18:47.500 --> 01:18:50.100 - The proposal with the amended date 01:18:50.100 --> 01:18:52.980 - Okay, do we have a second? 01:18:52.980 --> 01:18:55.660 - Okay, we have a first and a second all in favor say aye 01:18:56.180 --> 01:18:59.980 - Hi, hi. Yeah. Okay, so we have 01:18:59.980 --> 01:19:04.760 - Four I and one day 01:19:04.760 --> 01:19:11.860 - One clarification we will be giving expiration of ten of leases as we ask 01:19:11.860 --> 01:19:18.300 - And that's an important clarification. Yeah, just to have that information available to the RDC 01:19:18.300 --> 01:19:21.860 - Yes, thank you 01:19:25.660 --> 01:19:27.500 - So 01:19:27.500 --> 01:19:32.540 - Passed it passes as amended as amended December 13th 01:19:32.540 --> 01:19:36.620 - One for 01:19:36.620 --> 01:19:44.180 - Situation we have to deal with we have the ability to call an additional meeting in December if we 01:19:44.180 --> 01:19:45.320 - need to do we know we can 01:19:45.320 --> 01:19:48.840 - Good I really think that we 01:19:48.840 --> 01:20:00.680 - Official notification letter by note, correct 01:20:00.680 --> 01:20:08.940 - Okay, we're gonna move on to our next item of new business which is resolution 25 - 59 01:20:09.280 --> 01:20:14.310 - The approval of a lease for 4th Street garage commercial office space with visit Bloomington who 01:20:14.310 --> 01:20:15.760 - would like to speak to that? 01:20:15.760 --> 01:20:29.540 - Their visitor center in the garage commercial they are interested in a long-term lease 01:20:29.540 --> 01:20:35.120 - They will self fund the build out the lease states that they will accept the space as is 01:20:35.800 --> 01:20:40.160 - Visit Bloomington receives funding through the County Convention and Visitors Bureau 01:20:40.160 --> 01:20:44.660 - And if the RDC approves this lease visit Bloomington will have to take it back to their board 01:20:44.660 --> 01:20:51.100 - They don't anticipate being ready for July 1 start date. Their board has approved estimated buildout 01:20:51.100 --> 01:20:51.480 - costs 01:20:51.480 --> 01:20:54.080 - This is going to be great for this part of downtown 01:20:54.080 --> 01:20:58.540 - It coincides deliberately with the opening of the convention center in January 01:20:58.540 --> 01:21:02.520 - 2027 and will serve as the front porch for so many of our visitors 01:21:02.960 --> 01:21:08.370 - Visit Bloomington is interested in growing there and seeks the right of every first refusal of the 01:21:08.370 --> 01:21:09.760 - other commercial space 01:21:09.760 --> 01:21:15.800 - We currently have artists using the space as studios with a right of entry from the RDC 01:21:15.800 --> 01:21:20.760 - We will give them notice and start preparing for transition if approved. So I do believe that 01:21:20.760 --> 01:21:26.120 - Mr. McAfee is also here ready to answer any questions as well 01:21:26.120 --> 01:21:30.960 - Come on talk to us 01:21:30.960 --> 01:21:32.960 - I 01:21:32.960 --> 01:21:35.200 - Thank you very much for having us on the agenda 01:21:35.200 --> 01:21:38.720 - We're super excited about it 01:21:38.720 --> 01:21:41.720 - It's been a long time coming. I guess first of all 01:21:41.720 --> 01:21:45.770 - The reason we're here is because of the you can't the convention center expansion groundbreaking is 01:21:45.770 --> 01:21:48.080 - tomorrow at 3 30 afternoon 3 30 in the afternoon 01:21:48.080 --> 01:21:51.800 - Anybody here in the room anybody watching you're invited to come to that 01:21:51.800 --> 01:21:57.080 - It's across the street on the on the east side of college where we'll be doing the expansion after 01:21:57.080 --> 01:21:59.120 - we're immediately afterwards as a reception back 01:21:59.120 --> 01:22:05.720 - in the convention center, so please come in and celebrate this monumental occasion with us, but 01:22:05.720 --> 01:22:12.190 - Yes, we're here. We're excited. Everything you said about why wouldn't we want to move down there 01:22:12.190 --> 01:22:12.280 - we 01:22:12.280 --> 01:22:16.560 - Visit Bloomington. We represent tourism for the entire Monroe County area 01:22:16.560 --> 01:22:21.440 - Obviously we were one of the for the the main marketing arm of the convention center 01:22:21.440 --> 01:22:25.560 - along with the convention center itself and hopefully with a 01:22:26.120 --> 01:22:31.540 - New host hotel that'll be developed in the coming months as well with their sales team and all 01:22:31.540 --> 01:22:32.080 - three of us 01:22:32.080 --> 01:22:37.800 - We'll be working together to fill that building with groups of five six hundred business travelers 01:22:37.800 --> 01:22:39.820 - coming into downtown Bloomington 01:22:39.820 --> 01:22:43.060 - Sunday through Thursday when we need that business the most 01:22:43.060 --> 01:22:46.440 - You know, we're genuinely excited about this 01:22:46.440 --> 01:22:50.080 - Like like like you said timing wise 01:22:50.080 --> 01:22:55.560 - I have a board meeting on June 18th of this month where I'll be presenting this to my board and 01:22:55.720 --> 01:23:01.440 - Then on June 26 the Monroe County Convention and Visitors Commission. I'll be presenting to them 01:23:01.440 --> 01:23:02.920 - there the 01:23:02.920 --> 01:23:10.280 - Got to understand that I have no money for this in my 2025 budget didn't even know about it 01:23:10.280 --> 01:23:17.330 - I'll be presenting my 26th budget to them as well here in June. We budgeted last year for 2025 in 01:23:17.330 --> 01:23:17.620 - June 01:23:17.620 --> 01:23:22.070 - That's how far in advance we have to do it before we go in front of the County Council in the fall 01:23:22.070 --> 01:23:23.000 - to get it approved 01:23:23.000 --> 01:23:27.920 - So the money is there in keepers tax the County or the Commission of Visitors Commission has it 01:23:27.920 --> 01:23:32.360 - Like I said, they have pre approved by pushing this forward and that's where we're out of it 01:23:32.360 --> 01:23:36.200 - So so we'll kind of have to figure out that timing but you know 01:23:36.200 --> 01:23:40.960 - It is everybody is on the same page about making this happen and wanting to be there 01:23:40.960 --> 01:23:48.500 - Pardon me, mr. McAfee, I know who you are, but could you just for some public purpose sure do an 01:23:48.500 --> 01:23:49.160 - introduction 01:23:49.160 --> 01:23:51.340 - So that that's on the record. My name is Mike McAfee 01:23:51.340 --> 01:23:55.390 - And I'm the executive director at visit Bloomington. We are the Convention and Visitors Bureau from 01:23:55.390 --> 01:23:56.800 - Monroe County. Thank you so much 01:23:56.800 --> 01:24:02.930 - We're an independent 501 c6 and I worked for my board and that Monroe County Convention and Visitors 01:24:02.930 --> 01:24:03.760 - Commission 01:24:03.760 --> 01:24:10.120 - Just want to make sure I 01:24:10.120 --> 01:24:16.170 - Guess you my question would be is there any estimate and we are very sincere about that additional 01:24:16.170 --> 01:24:18.180 - space very excited about the possibility of 01:24:18.560 --> 01:24:23.480 - Building a visitor center in the space that's open now and potentially in the in the additional 01:24:23.480 --> 01:24:25.840 - space having our professional offices there 01:24:25.840 --> 01:24:31.960 - We will probably have to have to we're looking at space in Fountain Square right now for our 01:24:31.960 --> 01:24:33.640 - offices because there's not enough room in 01:24:33.640 --> 01:24:38.530 - The one side so I would like to know if you have any clue as to when that space might become 01:24:38.530 --> 01:24:39.120 - available 01:24:39.120 --> 01:24:45.580 - We're believing when we do this and when we invest hundreds of thousands of dollars into this 01:24:45.580 --> 01:24:46.720 - visitor center 01:24:47.040 --> 01:24:53.040 - We don't plan on leaving. I do see it's a we've got what a one a one five-year lease with the 01:24:53.040 --> 01:24:53.880 - opportunity to 01:24:53.880 --> 01:24:59.320 - Read up at four times so we could lock it up for 25 years. That's that's what we're interested in 01:24:59.320 --> 01:24:59.600 - and 01:24:59.600 --> 01:25:01.680 - I 01:25:01.680 --> 01:25:06.690 - would like to get back in there as soon as possible with an architect and a contractor to start 01:25:06.690 --> 01:25:07.680 - getting some 01:25:07.680 --> 01:25:12.320 - estimations on the cost for build out and things like that and and then my other question is just 01:25:12.320 --> 01:25:14.040 - who's the best person for me to 01:25:14.040 --> 01:25:17.600 - work with on on getting in there and sharing information back and forth, but 01:25:17.600 --> 01:25:22.400 - Just so excited about this. It's it's been a long time coming and it's gonna be great 01:25:22.400 --> 01:25:25.080 - Happy to answer any of your questions 01:25:25.080 --> 01:25:31.260 - Yeah questions or comments from commissioners are welcome 01:25:31.260 --> 01:25:35.760 - I've got a couple of these questions 01:25:35.760 --> 01:25:42.580 - Mike I think there's a great opportunity also. So I really look forward to you being able to pull 01:25:42.580 --> 01:25:43.080 - this off 01:25:44.080 --> 01:25:46.480 - And I'd like for us to be able to 01:25:46.480 --> 01:25:49.960 - I don't know how exactly we would handle this but this 01:25:49.960 --> 01:25:56.920 - We are proving this lease it kind of ties the commencement to June 1, which isn't really viable 01:25:56.920 --> 01:26:04.610 - So how you how we do it so it's flexible, but I'd like to make it more open so that it works with 01:26:04.610 --> 01:26:05.080 - the 01:26:05.080 --> 01:26:09.920 - with the with the tenants timeline is the terms outlined in the 01:26:11.200 --> 01:26:16.260 - For the least are hereby approved and the authorizes the president to sign the final form of the 01:26:16.260 --> 01:26:17.360 - lease. So 01:26:17.360 --> 01:26:21.180 - The terms would be the same the start date could be 01:26:21.180 --> 01:26:25.280 - Easily modified 01:26:25.280 --> 01:26:30.920 - Because it's it's not great or signature today because right don't have that 01:26:30.920 --> 01:26:35.160 - I just didn't want this resolution of time that you want. No, no, okay, it's 01:26:35.160 --> 01:26:38.880 - It's what is a listed 01:26:39.720 --> 01:26:47.080 - In the five-year lease terms of her the general and it is just a draft and exhibit a so 01:26:47.080 --> 01:26:51.040 - So it can't be modified to fit the party's needs 01:26:51.040 --> 01:26:55.720 - This if I read this lease correctly, it's a grossly 01:26:55.720 --> 01:27:04.760 - That is correct, okay, and then one other an article seven 01:27:04.760 --> 01:27:06.760 - One 01:27:06.760 --> 01:27:13.600 - Section one 01:27:13.600 --> 01:27:23.780 - We're talking about the tenant getting liability insurance and naming the landlord as additional 01:27:23.780 --> 01:27:24.040 - insured 01:27:24.040 --> 01:27:31.200 - The then who they've called out in this section to be additionally insured does not tie in with 01:27:31.200 --> 01:27:33.240 - actual landlord's name in the lease 01:27:34.000 --> 01:27:35.680 - It is 01:27:35.680 --> 01:27:41.200 - Naming both the city of Bloomington and the landlord which is the Bloomington 01:27:41.200 --> 01:27:44.000 - redevelopment commission 01:27:44.000 --> 01:27:45.880 - so it's 01:27:45.880 --> 01:27:48.680 - Additional insured. Oh, yeah, I don't I don't see that 01:27:48.680 --> 01:27:51.160 - so 01:27:51.160 --> 01:27:54.360 - On page five of these 01:27:54.360 --> 01:27:56.960 - section one 01:27:57.480 --> 01:28:02.280 - Obtain and keep them forged during the initial term and all renewals or extensions there are the 01:28:02.280 --> 01:28:04.040 - policy of comprehensive general 01:28:04.040 --> 01:28:07.760 - liability insurance and sharing the city of Bloomington comma 01:28:07.760 --> 01:28:09.920 - landlord and 01:28:09.920 --> 01:28:15.860 - Tenant against liability arising out of the ownership use occupancy or maintenance of premises. 01:28:15.860 --> 01:28:18.080 - Okay, so that covers the RDC 01:28:18.080 --> 01:28:21.160 - So it's the landlord is you 01:28:21.160 --> 01:28:27.200 - The Bloomington redevelopment commission and what I did is I made sure that it also included 01:28:27.360 --> 01:28:29.360 - the city of Bloomington 01:28:29.360 --> 01:28:33.680 - As well, okay. Thank you 01:28:33.680 --> 01:28:49.490 - Okay, any other questions or comments from commissioners real quick my long term you're planning on 01:28:49.490 --> 01:28:53.720 - as the other leases expire 01:28:53.760 --> 01:28:57.620 - You would move this is your primary location for the CVP 01:28:57.620 --> 01:29:06.480 - Well, and let's just utilize who's your network or are you looking to expand further into this area 01:29:06.480 --> 01:29:09.040 - Or you as your primary are you still? 01:29:09.040 --> 01:29:14.620 - Primary Convention of Visitors Bureau or as a satellite office. No, we we 01:29:14.620 --> 01:29:18.800 - Our current facility on North Walnut Street 01:29:18.800 --> 01:29:23.280 - We retired the debt on that many many years ago paid for that with inkeepers tax 01:29:23.280 --> 01:29:27.500 - But that is a cat that is an asset of the county commissioners and when we leave that facility 01:29:27.500 --> 01:29:31.640 - They will they will own it and can sell it or use it for other purposes 01:29:31.640 --> 01:29:36.000 - It's too bad. We'd love to have the proceeds from that from that building to use for our build out 01:29:36.000 --> 01:29:38.000 - but that's the way it works and 01:29:38.000 --> 01:29:40.720 - again, I look at it as the 01:29:40.720 --> 01:29:47.320 - Tourism industry and once again is given back a million dollar asset to the community to use for 01:29:47.320 --> 01:29:48.440 - other purposes, but 01:29:48.440 --> 01:29:49.960 - we'll 01:29:49.960 --> 01:29:55.960 - Yeah, we'll we'll we'll again. I'm not quite sure of how the move will happen if if 01:29:55.960 --> 01:29:59.480 - If best-case scenario we need to be down there 01:29:59.480 --> 01:30:04.190 - I need to be down there with my team in that visitor center and our Salesforce and if we were to 01:30:04.190 --> 01:30:05.700 - move our professional offices into 01:30:05.700 --> 01:30:07.520 - Fountain Square Mall, for instance 01:30:07.520 --> 01:30:11.840 - We were just looking at a CSE property walk across that bridge or walk out the door and around the 01:30:11.840 --> 01:30:13.000 - block and we're right there 01:30:13.000 --> 01:30:16.600 - With my team of two to three people that's running run in the visitor center 01:30:16.600 --> 01:30:19.880 - So and eventually we'd rather be in that adjacent space 01:30:19.880 --> 01:30:24.740 - So we have both our offices next door to the visitor center. They're connected in that way 01:30:24.740 --> 01:30:30.560 - We just know we need to wait till the other group might vacate it. Okay, that answers question 01:30:30.560 --> 01:30:34.730 - I was not completely unaware that you did not the CVB did not own that building. Okay. Thank you 01:30:34.730 --> 01:30:36.300 - for clarification. So 01:30:36.300 --> 01:30:42.260 - Okay, any other questions or comments from commissioners if not open it for public comment either 01:30:42.260 --> 01:30:43.540 - online or in person 01:30:45.720 --> 01:30:51.560 - Seeing none. I will invite a motion for resolution 25 - 59 01:30:51.560 --> 01:31:00.320 - Second we've got a first and a second all in favor say aye aye any opposed motion passes 01:31:00.320 --> 01:31:01.160 - unanimously 01:31:01.160 --> 01:31:03.560 - For that, thank you very much 01:31:03.560 --> 01:31:27.600 - Next item of new business is resolution 25 - 60 ratification of emergency services provided and 01:31:27.920 --> 01:31:31.440 - For payment thereof to be an L sheet metal who would like to speak to that? 01:31:31.440 --> 01:31:40.240 - So in February five leaks were detected from the roof drain piping that were impacting the fire 01:31:40.240 --> 01:31:41.720 - administration officers and 01:31:41.720 --> 01:31:44.080 - offices and showers West 01:31:44.080 --> 01:31:49.600 - public works contacted B&L sheet metal for emergency services this 01:31:49.600 --> 01:31:55.040 - Claim crossed my desk and because it is over our $5,000 threshold 01:31:55.040 --> 01:31:59.620 - It has to come before you for approval before we are allowed to pay it. So 01:31:59.620 --> 01:32:03.220 - That's where we are 01:32:03.220 --> 01:32:08.220 - Thank you. Any questions or comments from Commissioners on Resolution 25 - 60 01:32:08.220 --> 01:32:20.100 - Is the fire administration paying rent that is a very good question, I don't believe so 01:32:20.100 --> 01:32:24.640 - So is there a lease 01:32:25.240 --> 01:32:27.240 - I don't believe 01:32:27.240 --> 01:32:33.280 - Should there be 01:32:33.280 --> 01:32:44.700 - Yeah, that would be helpful for just understanding what the plan is for that especially if there's 01:32:44.700 --> 01:32:48.480 - cost to the landlord involved so 01:32:48.480 --> 01:32:53.920 - Yeah, this is a capital improvement more or less. So we've been paying for it anyway, but right 01:32:53.920 --> 01:32:55.920 - But it looks like we're like to know 01:32:55.920 --> 01:32:59.200 - Maintenance is going to be handled 01:32:59.200 --> 01:33:04.760 - particularly as we're going forward if we're going to continue to in the building then 01:33:04.760 --> 01:33:07.440 - There'll be lots of other people in there, too 01:33:07.440 --> 01:33:14.920 - I don't think it's a money-making affair. It's just how stuff can be handled. Yeah 01:33:18.480 --> 01:33:24.660 - Thank you any other questions are coming from commissioners if not, I'll open it for public comment 01:33:24.660 --> 01:33:24.920 - on 01:33:24.920 --> 01:33:27.720 - resolution 25 - 60 01:33:27.720 --> 01:33:33.080 - Seeing none online or in person. I will invite a motion for this resolution 01:33:33.080 --> 01:33:35.560 - I'll make a motion to approve 25 - 60 01:33:35.560 --> 01:33:38.920 - So I got a first and a second all in favor say aye. Aye 01:33:38.920 --> 01:33:43.760 - Any opposed motion passes unanimously. Thank you 01:33:44.960 --> 01:33:50.940 - Next item on our agenda is resolution 25 - 61, which is the approval to terminate the Indian 01:33:50.940 --> 01:33:53.100 - illegal services lease at College Square 01:33:53.100 --> 01:33:56.600 - Who would like to speak to that? 01:33:56.600 --> 01:34:01.280 - The current lease that 01:34:01.280 --> 01:34:09.240 - Is with Indian illegal services has a six months termination clause and as that site 01:34:11.360 --> 01:34:16.640 - Very well considered as the hostess tell site that there is the 01:34:16.640 --> 01:34:22.000 - Need for flexibility to have that space available when it is available 01:34:22.000 --> 01:34:29.640 - The least we did with little brothers for their construction offices was 30 day time frame. So 01:34:29.640 --> 01:34:34.480 - we need to start that clock ticking I 01:34:34.480 --> 01:34:41.080 - Do believe if you get six months down the road and they haven't found a location and 01:34:42.040 --> 01:34:44.900 - going to do a month-to-month lease while they finish something out or 01:34:44.900 --> 01:34:53.200 - Go ahead with something like that too, but six months is a very long clock 01:34:53.200 --> 01:35:02.040 - Thank you 01:35:02.040 --> 01:35:05.680 - Any questions or comments from commissioners on resolution 2561? 01:35:06.080 --> 01:35:11.360 - This is just the public notice without any questions that guys you got six months 01:35:11.360 --> 01:35:23.860 - Perfect I'll make a motion to approve. I just want to open it for public comment, please 01:35:23.860 --> 01:35:28.890 - Just if there's any interest in public comment on this resolution now is that opportunity seeing 01:35:28.890 --> 01:35:30.880 - none online or in person? 01:35:30.880 --> 01:35:32.880 - I will invite a motion, please 01:35:32.880 --> 01:35:35.760 - I'll make a motion to approve 25 - 61 01:35:36.360 --> 01:35:37.580 - second 01:35:37.580 --> 01:35:44.040 - First in a second all in favor say aye. Aye any opposed motion passes unanimously. Thank you 01:35:44.040 --> 01:35:47.440 - Next item on our agenda is 2562 01:35:47.440 --> 01:35:52.180 - Which is the approval for preliminary architectural design of a host hotel for the Bloomington 01:35:52.180 --> 01:35:54.880 - Convention Center at the college square real estate 01:35:54.880 --> 01:35:56.960 - Who would like to speak to that? 01:35:56.960 --> 01:35:58.960 - Margie's up on that one 01:35:58.960 --> 01:36:04.520 - I told her I could do it if she 01:36:04.520 --> 01:36:11.560 - Basically, I am on. Oh, I'm sorry. I'm on. I'm sorry. It took me a minute to unmute so 01:36:11.560 --> 01:36:19.960 - This request is to ask the redevelopment Commission to authorize payment of 01:36:19.960 --> 01:36:22.880 - design fee for a 01:36:23.360 --> 01:36:28.360 - Hotel that will serve the Convention Center proposed hotel that will serve the Convention Center 01:36:28.360 --> 01:36:29.940 - and that would be placed on 01:36:29.940 --> 01:36:33.840 - redevelopment Commission land you remember that we talked to you earlier about 01:36:33.840 --> 01:36:37.600 - Using the possibility of exploring the use of this 01:36:37.600 --> 01:36:46.200 - This the old what we call the old Bunder and Robertson building are using that land for a hotel 01:36:46.200 --> 01:36:47.640 - that will serve the Convention Center 01:36:47.640 --> 01:36:51.580 - And we have continued the conversations with 01:36:52.420 --> 01:36:58.220 - With a hotel developer that was chosen by the CIB and 01:36:58.220 --> 01:37:02.580 - We are at the stage where 01:37:02.580 --> 01:37:09.860 - We in order to sort of move the negotiations further. We need to know how much money 01:37:09.860 --> 01:37:16.110 - That it's going to take to build this hotel. We have several options where we could you know hotels 01:37:16.110 --> 01:37:16.860 - these days 01:37:18.300 --> 01:37:22.940 - Don't generally get built, you know, just sort of something like a convention center without some 01:37:22.940 --> 01:37:24.620 - public incentives 01:37:24.620 --> 01:37:26.620 - And so we hired 01:37:26.620 --> 01:37:33.620 - Scott Chen who is our outside council working with us on our side to negotiate with a hotel 01:37:33.620 --> 01:37:34.420 - developer what? 01:37:34.420 --> 01:37:39.860 - Incentives are appropriate in what form they can take the form of things like tax evasions 01:37:39.860 --> 01:37:42.980 - Just cash 01:37:42.980 --> 01:37:47.020 - You know TIF funding other sorts of things bond 01:37:47.860 --> 01:37:54.740 - Financing and so we we haven't figured out, you know what the amount of incentive is yet 01:37:54.740 --> 01:38:00.120 - We're still trying to understand. Are we going to provide incentives and just sort of walk away and 01:38:00.120 --> 01:38:01.900 - say hey, you know developer 01:38:01.900 --> 01:38:05.340 - here you go, or if we're going to try to be a little more creative and 01:38:05.340 --> 01:38:13.620 - And do something like Carmel did where they became a partner in the hotel development 01:38:13.620 --> 01:38:16.220 - and so 01:38:16.220 --> 01:38:20.140 - the last conversation we had with the developer and with 01:38:20.140 --> 01:38:23.980 - Scott Chen in the room was 01:38:23.980 --> 01:38:31.880 - about getting a design done for the hotel and there was an architect that the hotel developer has 01:38:31.880 --> 01:38:33.180 - in mind and 01:38:33.180 --> 01:38:35.940 - as part of our 01:38:35.940 --> 01:38:37.820 - Contribution as an incentive 01:38:37.820 --> 01:38:43.330 - They asked if we would be willing to pay for the design for the hotel so that we can move the 01:38:43.330 --> 01:38:45.340 - conversation forward 01:38:45.340 --> 01:38:47.900 - obviously, whatever funds would be 01:38:47.900 --> 01:38:50.300 - spent 01:38:50.300 --> 01:38:53.860 - Towards the design would be counted on our side as a contribution 01:38:53.860 --> 01:38:55.900 - towards 01:38:55.900 --> 01:39:01.260 - incentives and so we said, you know Jane was in the in the room and 01:39:01.260 --> 01:39:08.780 - I was and Anna. I think were you in there? I was out of town that day. Yeah, so 01:39:08.780 --> 01:39:12.900 - And and I think Jessica was was there as well 01:39:12.900 --> 01:39:17.100 - And so we said sure we're going to have a conversation with the redevelopment Commission and let 01:39:17.100 --> 01:39:17.640 - them know 01:39:17.640 --> 01:39:22.900 - That you've made the request that you would like the redevelopment Commission to appropriate 01:39:22.900 --> 01:39:25.220 - $300,000 01:39:25.220 --> 01:39:32.940 - For a hotel design and it would be counted as a contribution or incentive for the city of Bloomington 01:39:32.940 --> 01:39:37.780 - We also know, you know, we have one appraisal for the land 01:39:38.500 --> 01:39:43.750 - It's not my expectation that the city of Bloomington at least at this point in negotiations that 01:39:43.750 --> 01:39:44.260 - the city 01:39:44.260 --> 01:39:49.740 - Redevelopment Commission would sell the land. I think the city would probably want to keep the land 01:39:49.740 --> 01:39:54.700 - there's some good reasons I think to keep it and have that also as a 01:39:54.700 --> 01:40:02.420 - As kind of does our contribution, but anyway, we are we are here tonight to sort of share that that 01:40:03.460 --> 01:40:08.160 - Information with you that we have this conversation that the hotel hotel developer would like 01:40:08.160 --> 01:40:14.330 - For the Refund Commission to front the design cost to be counted as a contribution and to get your 01:40:14.330 --> 01:40:15.100 - reaction to that 01:40:15.100 --> 01:40:21.540 - I'll add to that that it's preliminary design. This isn't designing the entire hotel project 01:40:21.540 --> 01:40:26.780 - This is to determine how much space do they need? How would that space be laid out? 01:40:26.780 --> 01:40:29.860 - You know, how many floors would it be? How many units would it be? 01:40:30.620 --> 01:40:33.740 - and do some renderings of what it might look like the 01:40:33.740 --> 01:40:39.340 - Discussion was that they there's three acres there and they made me too. So 01:40:39.340 --> 01:40:42.860 - What would that other paper look like? Where would it be? 01:40:42.860 --> 01:40:50.860 - And so to get they need to get that amount of information to get 01:40:50.860 --> 01:40:56.460 - Preliminary cost estimates or what this is actually going to be. So this is the stepping stone 01:40:57.060 --> 01:41:01.500 - the next stepping stone from the one that you've just taken here to get to 01:41:01.500 --> 01:41:07.540 - We're what kind of size of project is this is this something that you know 01:41:07.540 --> 01:41:11.460 - The RDC is interested in moving forward with or not or how in what manner? 01:41:11.460 --> 01:41:15.060 - But there's no way to 01:41:15.060 --> 01:41:19.060 - Structure a deal if you don't have some concept of 01:41:19.060 --> 01:41:25.510 - What the cost is is going to be so I just want to make sure that this you know, this is preliminary 01:41:25.510 --> 01:41:25.860 - design 01:41:26.580 --> 01:41:28.020 - and 01:41:28.020 --> 01:41:33.540 - In those kind of things that are necessary to to build good cost 01:41:33.540 --> 01:41:42.420 - Thank you open it to questions and comments from commissioners on resolution 2562 01:41:42.420 --> 01:41:56.560 - There there's nothing that's attached and this does not commit anything other than work 01:41:57.560 --> 01:42:02.960 - Committing to if you committed to this tonight, so there's no further commitment being made 01:42:02.960 --> 01:42:06.040 - But without 01:42:06.040 --> 01:42:10.020 - And having a project budget. We don't know what they're going to need 01:42:10.020 --> 01:42:15.960 - Or what might make it a tight score for them or what and what's going to make good for the for the 01:42:15.960 --> 01:42:16.720 - city? 01:42:16.720 --> 01:42:25.310 - Development here, you know the proven visit Bloomington coming down there and there's going to be a 01:42:25.310 --> 01:42:25.720 - lot 01:42:26.120 --> 01:42:28.120 - a lot of selling of Bloomington 01:42:28.120 --> 01:42:30.600 - to come here and 01:42:30.600 --> 01:42:32.800 - Enjoy all the things that we have 01:42:32.800 --> 01:42:35.800 - and but can't 01:42:35.800 --> 01:42:43.680 - Even get to negotiating that what that package might look like without getting a budget 01:42:43.680 --> 01:42:51.670 - So that's what this is for a budget and some rendering so you can kind of start getting a picture 01:42:51.670 --> 01:42:52.800 - in your head 01:42:53.400 --> 01:42:55.400 - What this could be like 01:42:55.400 --> 01:43:02.640 - Has there been any opportunity for mr. Chen to provide you know based on his expertise a bigger 01:43:02.640 --> 01:43:04.620 - picture of I realized that 01:43:04.620 --> 01:43:10.310 - Certainly these preliminary design would help with understanding again the total project cost and 01:43:10.310 --> 01:43:12.760 - what other incentives might be warranted 01:43:12.760 --> 01:43:16.840 - But nonetheless, I feel like I'd like to know a little bit more about you know 01:43:16.840 --> 01:43:21.840 - Again, we've talked a little bit about is the city donating the land or retaining the ownership 01:43:21.840 --> 01:43:26.360 - I mean, there's various things. I just feel like I need a little bit more of a menu going on 01:43:26.360 --> 01:43:27.380 - besides just this 01:43:27.380 --> 01:43:34.480 - initial step and I again I understand there are unknowns that this is intended to help resolve to 01:43:34.480 --> 01:43:36.200 - some extent but 01:43:36.200 --> 01:43:41.180 - At least for someone, you know again someone with his expertise who understands 01:43:41.180 --> 01:43:45.840 - Bringing again this kind of public-private element into a hotel 01:43:47.040 --> 01:43:52.570 - Construction love to hear a little bit more of the menu that he's has in mind where this fits into 01:43:52.570 --> 01:43:52.880 - that 01:43:52.880 --> 01:43:54.880 - That's at least my point of view 01:43:54.880 --> 01:44:01.840 - I can I can try to address that I'm certainly not such in but I can tell you that 01:44:01.840 --> 01:44:05.160 - You know 01:44:05.160 --> 01:44:09.850 - There's a kind of a fork in the road that the city will have to determine do we want to be a 01:44:09.850 --> 01:44:11.640 - partner with? 01:44:13.000 --> 01:44:19.200 - Developer and and I when I say the city I in my mind, that's the redevelopment commission 01:44:19.200 --> 01:44:21.440 - It's and we're not at that fork in the road yet 01:44:21.440 --> 01:44:26.700 - But at some point the city will have to determine the city redevelopment commission will have to 01:44:26.700 --> 01:44:27.000 - determine 01:44:27.000 --> 01:44:29.920 - Do they want to be a partner with the hotel of developers? 01:44:29.920 --> 01:44:36.690 - This is a good use of tiff dollars in order to incentivize the redevelopment of that three acre 01:44:36.690 --> 01:44:37.560 - parcel and 01:44:37.560 --> 01:44:41.880 - Do you want to be a partner with the developer or not? 01:44:42.840 --> 01:44:47.710 - Do you want to give incentive if you don't want to be a partner and again what that partnership 01:44:47.710 --> 01:44:49.640 - relationship looks like? 01:44:49.640 --> 01:44:54.440 - You know, what percentage does each own all of that? We are very far away 01:44:54.440 --> 01:44:56.440 - We don't have no idea what that is 01:44:56.440 --> 01:45:01.900 - We would work out a letter of intent with the hotel developer and that would come to the redevelopment 01:45:01.900 --> 01:45:03.200 - commission or Google 01:45:03.200 --> 01:45:07.520 - We are talking about about developing a letter of intent, but we're not there yet 01:45:07.520 --> 01:45:09.920 - and 01:45:09.920 --> 01:45:12.240 - But you know, we just talked about what would that even look like 01:45:12.240 --> 01:45:17.040 - Any if the redevelopment commission says hey, you know, we don't want to be a partner 01:45:17.040 --> 01:45:21.200 - And the hotel developer says okay, we'll do it. We'll develop it 01:45:21.200 --> 01:45:25.120 - But we're gonna need X amount of incentives and to the question that was previously asked 01:45:25.120 --> 01:45:28.120 - How much would that be? 01:45:28.120 --> 01:45:30.360 - We are hearing in the neighborhood of 01:45:30.360 --> 01:45:37.520 - Tens of billions of dollars is what like for example scutcheon is outside council working in Indianapolis 01:45:37.520 --> 01:45:40.720 - and obviously that's a bigger project than ours, but 01:45:40.720 --> 01:45:45.340 - You know, he's he's familiar with that. It doesn't think you know that 01:45:45.340 --> 01:45:52.800 - That much incentive is unrealistic now as Dana said 01:45:52.800 --> 01:45:58.120 - So so and I want to make sure I answer your question 01:45:58.120 --> 01:46:04.080 - Deborah, but as Dana said this is just the preliminary design and 01:46:04.920 --> 01:46:08.440 - We would it would get us a little bit closer to figuring out 01:46:08.440 --> 01:46:14.120 - How much money we're actually talking about 01:46:14.120 --> 01:46:22.560 - Because and also I think they're Dana correct me if I'm wrong or and Anna are we already doing the 01:46:22.560 --> 01:46:23.280 - soil borings? 01:46:23.280 --> 01:46:26.320 - Does that already happen? We're we're already working on it. Yes 01:46:26.320 --> 01:46:32.200 - We have phase ones and soil borings that are ongoing 01:46:34.040 --> 01:46:38.080 - So these are sort of the list of things that need to be done sort of orange the environmentals 01:46:38.080 --> 01:46:43.640 - Get a preliminary design and then we'll sort of get closer, but I think we can certainly ask Scott 01:46:43.640 --> 01:46:44.240 - to show up 01:46:44.240 --> 01:46:48.880 - At a subsequent RDC meeting and and will be welcome 01:46:48.880 --> 01:46:54.980 - Yeah, I think I'd be great. He does live in Wilmington by the way, so it's not a long drive for him. 01:46:54.980 --> 01:46:55.520 - Okay 01:46:55.520 --> 01:46:59.520 - Are there comments or questions from commissioners? Yeah 01:46:59.520 --> 01:47:02.200 - so Margie 01:47:02.920 --> 01:47:10.300 - At some point in my mind and I realized that I deal more in the private sector and not public 01:47:10.300 --> 01:47:11.080 - private so 01:47:11.080 --> 01:47:19.720 - Equation may be different, but at some point they need to see the buyer/tenant have some vested 01:47:19.720 --> 01:47:20.720 - interest 01:47:20.720 --> 01:47:23.480 - and 01:47:23.480 --> 01:47:25.480 - not just for 01:47:25.800 --> 01:47:32.490 - The RDC to continue to bankroll the investigation and then we don't at the end of the day. We have 01:47:32.490 --> 01:47:33.160 - no deal 01:47:33.160 --> 01:47:36.200 - I 01:47:36.200 --> 01:47:38.760 - Thought it was a very 01:47:38.760 --> 01:47:44.640 - Considering where we are in this process which up until just now. I didn't think I didn't you know 01:47:44.640 --> 01:47:46.160 - that we're had it you had any meetings 01:47:46.160 --> 01:47:49.400 - It I found it odd that 01:47:49.400 --> 01:47:53.400 - That they're asking us to spend 300,000 01:47:54.440 --> 01:47:58.240 - Typically that would come that that investigation would be 01:47:58.240 --> 01:48:01.760 - Would be at the expense of the 01:48:01.760 --> 01:48:03.800 - tenant or buyer 01:48:03.800 --> 01:48:06.880 - one of the things that we discussed with that is that 01:48:06.880 --> 01:48:16.320 - Though Dora has been selected as one to enter in negotiations with it could be down the road that 01:48:16.320 --> 01:48:16.920 - that's not 01:48:16.920 --> 01:48:22.560 - Who want to partner with and by the RDC paying for those? 01:48:23.240 --> 01:48:28.840 - Drawings and all that preliminary design that is property of the RDC 01:48:28.840 --> 01:48:33.800 - The buyer is not taking that with them. That's still something that would benefit the RDC 01:48:33.800 --> 01:48:38.600 - Even if the buyer or partner changed 01:48:38.600 --> 01:48:40.920 - and 01:48:40.920 --> 01:48:42.920 - so that that's 01:48:42.920 --> 01:48:49.640 - That that was some of the discussion that came out of that is that who should own these and 01:48:50.520 --> 01:48:54.560 - if there's going to be this time spent to get them done and 01:48:54.560 --> 01:49:01.140 - Keep putting this down the road when round birkins tomorrow on the convention center. It seemed 01:49:01.140 --> 01:49:08.800 - The consensus was and margin correctly tomorrow, but it would be best for the RDC 01:49:08.800 --> 01:49:15.000 - Now I understand and totally agree with the principle of that if 01:49:15.880 --> 01:49:21.100 - You know and I understand you say that this is not maybe a foregone conclusion that Dora is the 01:49:21.100 --> 01:49:21.640 - partner 01:49:21.640 --> 01:49:24.840 - but you know at this point there is a significant amount of 01:49:24.840 --> 01:49:28.160 - Negotiation and work that's taking place to get them to the table 01:49:28.160 --> 01:49:34.610 - But I would think that if the RDC were commissioning the preliminary drawings to scope the overall 01:49:34.610 --> 01:49:36.260 - total project cost and 01:49:36.260 --> 01:49:42.300 - Logistics that that would then be an opportunity to shop that out to perspective partners 01:49:42.300 --> 01:49:46.530 - So I'm a little confused in terms of to me it seems like a little bit put in the cart before the 01:49:46.530 --> 01:49:47.280 - horse to have 01:49:47.280 --> 01:49:53.220 - The partner and then the design as opposed to design as a way to shop out the project and I again 01:49:53.220 --> 01:49:56.640 - I'm not I'm talking just as someone that makes sense to me 01:49:56.640 --> 01:50:02.660 - I welcome the input from folks more experienced in commercial development because I'm more on the 01:50:02.660 --> 01:50:03.680 - residential side of things 01:50:03.680 --> 01:50:05.840 - but that just that would make sense to me to 01:50:05.840 --> 01:50:11.330 - Shop for a partner based on what we know that we own that we've commissioned for those preliminary 01:50:11.330 --> 01:50:12.040 - drawings 01:50:13.020 --> 01:50:16.420 - And if I could speak to that and the CID I don't know if you guys remember 01:50:16.420 --> 01:50:20.180 - If anybody is paying attention the CID did go through a process 01:50:20.180 --> 01:50:25.910 - Capital improvement board, which is it is a function of the agreement between the city and the 01:50:25.910 --> 01:50:27.260 - county to allow this 01:50:27.260 --> 01:50:33.110 - Press this project before because the county and the city were stalled the CID did vet partners and 01:50:33.110 --> 01:50:33.740 - did pick 01:50:33.740 --> 01:50:40.460 - Dora as the hotel partner now that was their recommendation to the city was hey that should be your 01:50:40.460 --> 01:50:41.820 - hotel partner now 01:50:41.820 --> 01:50:47.760 - As Dana points out there's just security and owning the plans those primary grunts 01:50:47.760 --> 01:50:51.200 - That's that's and again if you put in a hundred thousand 01:50:51.200 --> 01:50:54.680 - I think it's the due diligence and you put in another three hundred thousand. You're up to about 01:50:54.680 --> 01:50:55.480 - four hundred thousand 01:50:55.480 --> 01:50:59.600 - What we're told are, you know incentives that are requested for this 01:50:59.600 --> 01:51:04.680 - We're nowhere near the cap of that, but I do carry you a boat 01:51:04.680 --> 01:51:07.800 - I do think that we are 01:51:08.800 --> 01:51:13.320 - again, if you decide tonight, we told them that we would come to you and get your reaction and your 01:51:13.320 --> 01:51:14.560 - reaction is I don't 01:51:14.560 --> 01:51:19.080 - Want to do it and I want to hear Scott Chen and I want to hear from the hotel developer 01:51:19.080 --> 01:51:21.360 - You know that's we can take that information back 01:51:21.360 --> 01:51:28.320 - I do think that at some point, you know, somebody's got to make a move to move this ball forward 01:51:28.320 --> 01:51:32.740 - We are and if you guys also want to have a redevelopment Commission member one 01:51:32.740 --> 01:51:36.280 - I don't want to have a forum obviously so we have to post a meeting 01:51:36.280 --> 01:51:39.440 - But if you'd like to have a representative of the redeveloped Commission 01:51:39.440 --> 01:51:45.160 - You know that somebody can join in our conversations. That's totally fine, too 01:51:45.160 --> 01:51:51.730 - I just these are not the kind of negotiations though that you that you are negotiating, you know in 01:51:51.730 --> 01:51:52.400 - a public meeting 01:51:52.400 --> 01:51:57.760 - Margie that brings me to one question in regards to it 01:51:57.760 --> 01:52:02.190 - And when is our executive commission since we're talking about potential disposition or partnering 01:52:02.190 --> 01:52:02.920 - on real estate? 01:52:03.720 --> 01:52:09.040 - Our next executive session is scheduled for the 17th. So the 17th margin 01:52:09.040 --> 01:52:13.600 - Okay, does that put us in a position if we either held an executive session or? 01:52:13.600 --> 01:52:18.960 - Waited to the 17th to make a decision so we could because we're talking about disposition of 01:52:18.960 --> 01:52:20.240 - property the lease property 01:52:20.240 --> 01:52:24.200 - Hold on to it partner with it, and I don't know if that falls under those 01:52:24.200 --> 01:52:26.840 - Conditions in regards to have a discussion. Yeah 01:52:28.320 --> 01:52:34.530 - I mean again, I'm not suggesting that the redeveloped Commission divest themselves of this property, 01:52:34.530 --> 01:52:35.280 - right but 01:52:35.280 --> 01:52:41.840 - You know that is not something that I'm proposing tonight, but you could certainly talk about 01:52:41.840 --> 01:52:43.860 - selling property in an executive session 01:52:43.860 --> 01:52:47.300 - And and has that notice already been posted not yet 01:52:47.300 --> 01:52:51.240 - And do we have an RDC meeting that same? 01:52:51.240 --> 01:52:54.360 - We have an RDC meeting on the 16th 01:52:54.360 --> 01:52:59.880 - We could not facilitate the executive session prior to this the meeting on the 16th 01:52:59.880 --> 01:53:05.360 - So we have pivoted we do have the ability to reach form on the 17th at 430 01:53:05.360 --> 01:53:08.840 - Could we move our redevelopment to the 17th? 01:53:08.840 --> 01:53:17.360 - The reason I'm asking that question is trying to move this thing forward as you know chicken and 01:53:17.360 --> 01:53:19.560 - eggs Margie put it that we continue to 01:53:19.560 --> 01:53:24.480 - Do it, but we're not putting ourselves in a situation that we're right at this present moment. We 01:53:24.480 --> 01:53:26.320 - yeah, because I want I 01:53:26.320 --> 01:53:29.760 - Okay 01:53:29.760 --> 01:53:37.560 - That's right, we have a public hearing scheduled for the 16th, unfortunately, so we're 01:53:37.560 --> 01:53:41.840 - Okay from an RDC standpoint 01:53:41.840 --> 01:53:48.200 - You would if you moved the July 7th meeting up to the 30th that would give you only a couple weeks 01:53:48.840 --> 01:53:51.000 - I'm just trying to condense any time frame 01:53:51.000 --> 01:53:57.160 - At the present moment we put we put a hundred thousand dollars in so far to do the 01:53:57.160 --> 01:54:02.360 - Environmental and the absolute necessities to find out so we're a hundred in this is a 01:54:02.360 --> 01:54:09.720 - Right due diligence, but we also have legal fees legal fees 01:54:09.720 --> 01:54:14.680 - Which you know are required to do this but trying to move forward on this in the most expeditious 01:54:14.680 --> 01:54:15.620 - manner 01:54:16.040 --> 01:54:21.280 - But still have a little time to review and as the resolution put under you know 01:54:21.280 --> 01:54:23.920 - to putting in the 01:54:23.920 --> 01:54:29.560 - People that will be looking at it from that standpoint to try to establish an RDC member on 01:54:29.560 --> 01:54:34.400 - That committee and any other individual and we've got a good representation 01:54:34.400 --> 01:54:40.960 - Financially and capitalized from the city. I just think it would be imperative to have at least one 01:54:40.960 --> 01:54:44.120 - RDC member so that we're apprised accordingly 01:54:45.280 --> 01:54:48.880 - In another possibility you could have is to do a special 01:54:48.880 --> 01:54:53.440 - Session after the executive session, which should be fine 01:54:53.440 --> 01:54:57.960 - So just hang out for another 15 20 minutes and have a special man 01:54:57.960 --> 01:55:02.650 - I just think there's there's things we need to kind of oversee before we start bringing things 01:55:02.650 --> 01:55:03.720 - through and spending 01:55:03.720 --> 01:55:09.840 - another 300 without us having a good understanding of where it's going to go to because we all know 01:55:09.840 --> 01:55:10.520 - and 01:55:10.520 --> 01:55:14.960 - Hopefully most of us will be at the groundbreaking tomorrow. The Convention Center is happening 01:55:15.000 --> 01:55:21.450 - And a host hotel is needed in order to move it forward and we happen to have the property they 01:55:21.450 --> 01:55:22.520 - suggested so 01:55:22.520 --> 01:55:28.780 - But how does the rest of the board feel in regards to trying to move something forward? 01:55:28.780 --> 01:55:33.480 - What is the source again of dollars for this 300,000? 01:55:33.480 --> 01:55:38.040 - There you go 01:55:38.040 --> 01:55:41.040 - I'm satisfied 01:55:41.040 --> 01:55:45.480 - Particularly since we own the data that comes from this process 01:55:45.480 --> 01:55:54.580 - That that is an entirely appropriate use of TIF funding and it oh by the way, it's a pretty damn 01:55:54.580 --> 01:55:55.240 - smart one, too 01:55:55.240 --> 01:55:57.680 - so 01:55:57.680 --> 01:56:02.980 - I'm very satisfied with that. I understand the concerns. I understand that people have questions 01:56:02.980 --> 01:56:03.280 - about 01:56:03.280 --> 01:56:07.560 - Well, how much money are we going to need to put up here? I understand those questions 01:56:10.160 --> 01:56:15.390 - But having seen the due diligence done by the CIB and maybe Jeff McKim would even want to comment 01:56:15.390 --> 01:56:15.560 - on that 01:56:15.560 --> 01:56:21.020 - Having seen the process they went through to look at potential hotel partners 01:56:21.020 --> 01:56:25.780 - Given the very nature of TIF funds and what they're meant to do 01:56:25.780 --> 01:56:30.780 - I'm so I'd be satisfied with supporting this moving forward 01:56:30.780 --> 01:56:39.560 - So just to clarify I don't I think it's a good it's an appropriate use I have no question about 01:56:39.560 --> 01:56:39.920 - that 01:56:39.920 --> 01:56:42.160 - I think it's the cart before the horse 01:56:42.160 --> 01:56:44.120 - that's 01:56:44.120 --> 01:56:52.120 - That's my issue. Well the Randy's point we should know a little bit more about 01:56:52.120 --> 01:56:56.880 - Where we are in this project before we just write a check for another 01:56:56.880 --> 01:57:06.120 - $300,000 which and how in our in in our in in the argument can be made that the 01:57:06.520 --> 01:57:11.520 - Buyer slash tenant should participate. We'd like to see some vested interest on 01:57:11.520 --> 01:57:17.660 - On their part not all coming back to the TIF fund every time, you know, there's another due 01:57:17.660 --> 01:57:18.560 - diligence need 01:57:18.560 --> 01:57:26.960 - Letter intent would move things forward accordingly and because their presentation that door did 01:57:26.960 --> 01:57:27.480 - was 01:57:27.480 --> 01:57:33.600 - Absolutely the best of the ones the CIV went through due diligence in regards to identify 01:57:33.680 --> 01:57:38.500 - but as the property owner and the fact we've got six point eight million dollars in that property 01:57:38.500 --> 01:57:39.440 - and to be 01:57:39.440 --> 01:57:44.640 - Responsible on what we're doing tip funds is great to it's it's the appropriate use 01:57:44.640 --> 01:57:48.460 - but I'd like to at least have be able to have that discussion of 01:57:48.460 --> 01:57:54.020 - Land that land disposition land lease whatever the circumstances are so we have a good 01:57:54.020 --> 01:57:55.720 - understanding before we appropriate 01:57:55.720 --> 01:58:01.830 - And it may just be me but we put a hundred thousand in which was absolute necessity because if that 01:58:01.830 --> 01:58:02.880 - came back bad 01:58:03.280 --> 01:58:05.080 - We would have an issue anyway 01:58:05.080 --> 01:58:10.680 - It would be done. I think Margie touched on this a little bit, but without knowing 01:58:10.680 --> 01:58:16.240 - More about the cost. It's hard to know what the structure is. So it's a chicken and an egg 01:58:16.240 --> 01:58:21.920 - Situation which one comes first. I understand your your desire to have those conversations 01:58:21.920 --> 01:58:26.740 - But we're still going to need to have some sort of design work to understand what we're looking at 01:58:26.740 --> 01:58:28.520 - or what the structure needs to be 01:58:30.120 --> 01:58:36.900 - And let me and just point out something to one of the Senate built on hit us this year 01:58:36.900 --> 01:58:39.420 - and really 01:58:39.420 --> 01:58:44.520 - One of the reasons 01:58:44.520 --> 01:58:50.120 - That our interest was peaked and possibly having the redeveloped commission 01:58:50.120 --> 01:58:57.500 - Be a partner in this project the way that Carmel did it is because it may be a way to bring in 01:58:57.640 --> 01:59:03.960 - Continuing revenue in a TIF district and and we have expiration dates on our TIF district 01:59:03.960 --> 01:59:08.160 - so we're looking at if you're going to put in the kind of incentives that 01:59:08.160 --> 01:59:15.480 - For this kind of a brand you said we're going to have a convention center breaking ground tomorrow 01:59:15.480 --> 01:59:19.600 - We're going to have to have a host hotel. We know where we want the host hotel 01:59:19.600 --> 01:59:23.440 - We own the land that can be contributed on our side 01:59:23.440 --> 01:59:28.480 - And if we're going to come to the table to negotiate an LOI 01:59:28.480 --> 01:59:32.200 - And we said we have eight million dollars for the land and we put up four hundred thousand dollars 01:59:32.200 --> 01:59:33.160 - and we did a design 01:59:33.160 --> 01:59:36.880 - I think we're in a decent position to negotiate an LOI 01:59:36.880 --> 01:59:44.140 - So if I'm if I'd rather the City Redevelopment Commission be a partner and make money on this deal 01:59:44.140 --> 01:59:48.920 - Then to get tens of you know millions of dollars incentive and get nothing out of it for return and 01:59:48.920 --> 01:59:50.600 - investment and so 01:59:52.040 --> 01:59:57.650 - You have to spend money sometimes to make money and this is a little I have fully warned the other 01:59:57.650 --> 01:59:57.880 - side 01:59:57.880 --> 02:00:01.800 - They're giving people scratching their head and moving to be like what the city? 02:00:01.800 --> 02:00:07.720 - That's weird, but you know that is the way that things are going in terms of 02:00:07.720 --> 02:00:13.080 - These kinds of projects and I think Anna aren't we all going aren't we going to a Redevelopment 02:00:13.080 --> 02:00:13.160 - Association? 02:00:13.160 --> 02:00:16.640 - Meeting in Carmel to talk about how they did their project when is that? 02:00:18.960 --> 02:00:23.120 - And so, you know staff is if you don't work, you know 02:00:23.120 --> 02:00:27.200 - We're trying to work to try to get the information to you if there's I'm giving you 02:00:27.200 --> 02:00:33.280 - Pretty much all the information. I think I have on this and where we've what we've done so far and 02:00:33.280 --> 02:00:33.920 - where we're headed 02:00:33.920 --> 02:00:40.480 - I don't know. I mean again, we can invite Scott to a meeting to share that with you, but 02:00:40.480 --> 02:00:45.980 - At some point, you know, somebody's got to design this do the preliminary design 02:00:45.980 --> 02:00:51.020 - I personally like to have the Redevelopment Commission in that that work 02:00:51.020 --> 02:00:56.330 - And that's another reason why I think it's a smart move for you guys to appropriate the money for 02:00:56.330 --> 02:00:56.620 - it 02:00:56.620 --> 02:01:02.170 - And it and again, it makes it makes us look like you know, we're serious about this when we're 02:01:02.170 --> 02:01:03.880 - negotiating our LOI 02:01:03.880 --> 02:01:07.360 - And to add on to that 02:01:07.360 --> 02:01:10.120 - to me the ownership of 02:01:10.120 --> 02:01:12.760 - The documents is important 02:01:13.160 --> 02:01:18.240 - also, the the fact that there could be a continued revenue stream is 02:01:18.240 --> 02:01:22.100 - Could really going to be important to the RDC as time goes on 02:01:22.100 --> 02:01:27.320 - But the third thing that's really important is that if the RDC is a partner in this 02:01:27.320 --> 02:01:35.600 - The RDC can make sure that this stays as a premier hotel and it just didn't get turned over to 02:01:35.600 --> 02:01:36.280 - somebody 02:01:38.280 --> 02:01:43.360 - could be a partner you can make sure that monies are put back each year because 02:01:43.360 --> 02:01:45.840 - typically on a 02:01:45.840 --> 02:01:50.120 - Hotel every seven years they replace carpeting and all this stuff every 14 years 02:01:50.120 --> 02:01:56.400 - they replace almost all the cabinetry and everything else and other designs so the 02:01:56.400 --> 02:02:01.980 - Method that you do that is you put money back each year capital so that you pay cash for it when 02:02:01.980 --> 02:02:02.880 - that happens and 02:02:03.840 --> 02:02:08.840 - If you have somebody else controlling that they may or may not be putting the money back 02:02:08.840 --> 02:02:15.000 - They may or may not do the upgrades that need to be done to keep everything fresh and vital 02:02:15.000 --> 02:02:19.680 - Like you were talking about Hoco and we talked about the trades district, you know making it 02:02:19.680 --> 02:02:20.920 - keeping it vibrant 02:02:20.920 --> 02:02:27.480 - Hotel being a partner in the hotel is also a great way to be 02:02:29.560 --> 02:02:35.680 - Be in control of the destiny of how nice the facilities remains 02:02:35.680 --> 02:02:43.080 - And Margie to your point about it takes money to make money 02:02:43.080 --> 02:02:50.160 - That's true, but I've been a lot more impressed if Dora had come to the table and said hey, would 02:02:50.160 --> 02:02:51.120 - you split it with us? 02:02:51.120 --> 02:02:57.320 - because we need to have you know, it's information that we absolutely have to have and 02:02:58.000 --> 02:03:01.400 - Well, we'll invest with you I 02:03:01.400 --> 02:03:07.720 - Don't know what they've already spent. I mean they're they have spent 02:03:07.720 --> 02:03:13.850 - This obviously spent money in preparing for the CAB and I don't know what else they have spent on 02:03:13.850 --> 02:03:14.640 - their end 02:03:14.640 --> 02:03:19.560 - We certainly can find that out if you think that they're not I mean they seem committed. They seem 02:03:19.560 --> 02:03:20.920 - to want to do this project 02:03:20.920 --> 02:03:25.000 - I don't think they're gonna walk away from the table if that's the concern 02:03:25.560 --> 02:03:27.480 - I 02:03:27.480 --> 02:03:32.400 - We did hear very good things from sketch in about as being you know, one of the better they develop 02:03:32.400 --> 02:03:33.720 - hotels in Bloomington 02:03:33.720 --> 02:03:35.720 - You're one of the more solid developers 02:03:35.720 --> 02:03:41.890 - You know, so but again, I understand and I hear you out of there that you want them to bring 02:03:41.890 --> 02:03:43.600 - something to the table 02:03:43.600 --> 02:03:48.720 - And I think that's what an LOI does is it does you know, this is what we've done so far 02:03:48.720 --> 02:03:52.240 - You know, this is what you've done so far. Here's where we're gonna go forward with us 02:03:53.480 --> 02:03:55.040 - And 02:03:55.040 --> 02:04:00.960 - And again, we already have one example of a hotel that here in Bloomington built around the 02:04:00.960 --> 02:04:01.920 - convention center 02:04:01.920 --> 02:04:06.360 - but the owner has no incentive to put additional money into it and 02:04:06.360 --> 02:04:10.760 - They're making you know, they're making money on it. They haven't wanted to upgrade it 02:04:10.760 --> 02:04:14.320 - we we kind of like to make sure that this becomes the 02:04:14.320 --> 02:04:21.040 - You know premiere hotel or the convention center and that it's Dana said we have some continued 02:04:21.040 --> 02:04:22.440 - control over the project 02:04:23.280 --> 02:04:28.800 - And and possibly, you know, ideally the goal is to have a good return on the investment 02:04:28.800 --> 02:04:35.800 - A lot of goals and good thing good 02:04:35.800 --> 02:04:39.480 - Something's going to happen. It's just a matter of chicken and egg 02:04:39.480 --> 02:04:44.320 - and I'm just looking at how we make sure that we move it forward as quickly as possible without 02:04:44.320 --> 02:04:44.720 - just 02:04:44.720 --> 02:04:50.160 - Throwing things because we don't have our one report back yet on our borings 02:04:51.000 --> 02:04:55.120 - Put that money right and I mean that could blow everything up 02:04:55.120 --> 02:05:01.040 - It's it won't I I'm fully confident based on my history of Bloomington, Indiana that will be okay 02:05:01.040 --> 02:05:04.240 - But yeah 02:05:16.480 --> 02:05:20.740 - You know one of the things that we talked about was trying to make this the most sustainable 02:05:20.740 --> 02:05:21.660 - project possible 02:05:21.660 --> 02:05:28.560 - And an idea for example if you harvest the limestone out when you're when you're digging, you know 02:05:28.560 --> 02:05:33.200 - If let's say imagine there's underground parking. I'm just making that up imagine there's 02:05:33.200 --> 02:05:34.620 - underground parking under the hotel 02:05:34.620 --> 02:05:40.840 - And if you hit rock, can you turn around and reuse that rock and make it as part of the project 02:05:40.840 --> 02:05:42.680 - make limestone part of project? 02:05:42.680 --> 02:05:48.780 - To truly make it sustainable, you know, so I would welcome the opportunity for one of the redevelopment 02:05:48.780 --> 02:05:50.480 - Commission members to join us 02:05:50.480 --> 02:05:56.480 - So that when we come back to these meetings and give you reports you have a trusted member 02:05:56.480 --> 02:06:01.210 - The redevelopment Commission who's been part of it. I think that would be wonderful if you guys 02:06:01.210 --> 02:06:02.800 - would like to pick somebody to do that 02:06:02.800 --> 02:06:06.040 - That would help us out a lot. I 02:06:06.040 --> 02:06:10.760 - Would I would look forward to doing that and see if mr. 02:06:10.760 --> 02:06:13.040 - West or if anyone else here would like to do it 02:06:13.040 --> 02:06:25.800 - Well, that might be a separate item of business 02:06:25.800 --> 02:06:32.200 - But right now we have resolution 2562 on the table. We've had ample 02:06:32.200 --> 02:06:38.340 - Commissioner discussion. I'm gonna move to invite public comment either online or in person 02:06:38.800 --> 02:06:40.800 - We see mr. McAfee 02:06:40.800 --> 02:06:48.760 - I was I was asked by the capital board to sit on that committee that selected door. I just wanted 02:06:48.760 --> 02:06:49.280 - to say that 02:06:49.280 --> 02:06:54.680 - It's going to the road. Can we do things in our own unique way everything? 02:06:54.680 --> 02:06:56.440 - This certainly was a unique situation 02:06:56.440 --> 02:06:59.820 - the the three the three spots that we 02:06:59.820 --> 02:07:04.720 - They were looking at two of them were owned by the county that had been banked for this expansion 02:07:04.720 --> 02:07:05.520 - years ago 02:07:05.560 --> 02:07:11.110 - But then the north side that they obviously chose the best location the capital square building the 02:07:11.110 --> 02:07:12.160 - city and so that's why 02:07:12.160 --> 02:07:18.880 - You know, that was why it reverted back to your group to negotiate that so there's a chance 02:07:18.880 --> 02:07:23.360 - They could have shown the spot to the south or west of the convention center, but they didn't so 02:07:23.360 --> 02:07:24.920 - that I think that's why it happened this way 02:07:24.920 --> 02:07:30.160 - Any other public comment I 02:07:31.520 --> 02:07:38.600 - Will if there's no further Commissioner comment, I will invite a motion for this resolution 02:07:38.600 --> 02:07:44.800 - I'm gonna shock Margie and move for approval of 25 - 62 02:07:44.800 --> 02:07:58.200 - All in favor say aye 02:07:58.200 --> 02:08:01.160 - Any opposed 02:08:01.920 --> 02:08:03.920 - You are opposed, okay 02:08:03.920 --> 02:08:09.960 - And the only reason for opposition is simply before I'd like a little more information that's all 02:08:09.960 --> 02:08:11.440 - that's been made clear 02:08:11.440 --> 02:08:15.320 - So we have one opposed and four in favor and the motion passes 02:08:15.320 --> 02:08:23.240 - Okay, thank you for that discussion next item of new businesses resolution 25 63 02:08:23.240 --> 02:08:26.320 - approval of agreement for commercial cleaning services with 02:08:26.760 --> 02:08:32.720 - Gc enterprises doing businesses office pride commercial cleaning services for the trades district 02:08:32.720 --> 02:08:33.240 - garage 02:08:33.240 --> 02:08:37.100 - Who would like to speak to that? I am happy to discuss it 02:08:37.100 --> 02:08:40.480 - So as part of the lease agreement for the trades district garage 02:08:40.480 --> 02:08:47.430 - Rdc is to fund operating expenses including the utilities and janitorial services among other 02:08:47.430 --> 02:08:48.320 - expenses in 02:08:48.320 --> 02:08:50.680 - exchange they receive 02:08:50.680 --> 02:08:55.360 - So at the end of the year, it's all reconciled and you guys pay for it and they will pay us back 02:08:56.520 --> 02:09:03.280 - essentially, I approved two months temporarily the contract had expired just 02:09:03.280 --> 02:09:06.400 - So that they could continue services and not 02:09:06.400 --> 02:09:13.840 - Miss any and so this is a more solid long-term contract that will go through May of 2026 02:09:13.840 --> 02:09:18.660 - It's about twelve hundred and twenty five dollars a month for the cleaning services at the trades 02:09:18.660 --> 02:09:19.400 - district garage 02:09:19.400 --> 02:09:24.680 - Thank you any questions or comments from commissioners on this resolution 02:09:24.680 --> 02:09:26.680 - Thank you 02:09:26.680 --> 02:09:30.040 - Seeing none any public comment either in person or online 02:09:30.040 --> 02:09:35.920 - Seeing none. I will entertain a motion on to resolution 2563 02:09:35.920 --> 02:09:44.420 - Second we have a first and a second all in favor say aye aye any opposed motion passes unanimously. 02:09:44.420 --> 02:09:45.120 - Thank you 02:09:45.120 --> 02:09:48.760 - Next in our agenda is 02:09:48.760 --> 02:09:54.280 - 2564 which is an approval of a first amendment to the CDBG funding agreement for the replacement of 02:09:54.280 --> 02:09:58.920 - Siding at life designs. We have Matt Swinney with housing and neighborhood development. Thank you 02:09:58.920 --> 02:10:01.640 - Hello 02:10:01.640 --> 02:10:06.000 - So this is a 2024 project and it went out to bid 02:10:06.000 --> 02:10:12.480 - They only got one bid back and it was considerably higher than what they had originally 02:10:12.480 --> 02:10:15.560 - estimated for the project they 02:10:15.560 --> 02:10:19.020 - Looked into putting it back out for bid 02:10:19.020 --> 02:10:23.560 - They found that there was no interest from anyone else to bid on it again 02:10:23.560 --> 02:10:25.420 - so 02:10:25.420 --> 02:10:31.560 - We discussed the idea of adding funding to it to cover the additional cost to 02:10:31.560 --> 02:10:40.080 - actually use some funding from when they came in under budget on a previous project and 02:10:40.080 --> 02:10:45.480 - Additionally save time and let them continue to move on with the project. So 02:10:45.480 --> 02:10:49.360 - We wanted to increase the funding for the project to 02:10:51.680 --> 02:10:53.680 - Dollars 02:10:53.680 --> 02:11:12.000 - Thank you any questions or comments on commissioners on this 02:11:12.000 --> 02:11:18.220 - Approval of the First Amendment for CDBG funding then there's no way to put anything back out to 02:11:18.220 --> 02:11:19.600 - get another comparison 02:11:20.040 --> 02:11:26.200 - I I mean they they reached out to several people to try to see if there was interest in more 02:11:26.200 --> 02:11:26.760 - bidding 02:11:26.760 --> 02:11:28.760 - They got no response back. So 02:11:28.760 --> 02:11:34.950 - Wow, yeah, I was surprised. I am surprised. Yeah, I'm a little surprised because I mean it's 65% of 02:11:34.950 --> 02:11:36.480 - what our original approval was 02:11:36.480 --> 02:11:42.920 - Yeah. Yeah, so I mean that in itself just a matter of as we look at CDBG funding 02:11:42.920 --> 02:11:48.000 - I'm fortunate to get what we can how that money goes as far as it can in these processes 02:11:48.520 --> 02:11:53.560 - so, yeah, they've looked at scaling the project back to but I would hate to have 02:11:53.560 --> 02:11:57.680 - You know a portion of the building's redone and then the other one's not so 02:11:57.680 --> 02:12:06.660 - The other thing to keep in mind too is that all CDBG funding is timed so we can't stretch it on 02:12:06.660 --> 02:12:07.280 - forever 02:12:07.280 --> 02:12:16.000 - Yeah, and the additional dollars are are coming from a savings from a previous project, yeah 02:12:17.560 --> 02:12:19.560 - So saving one 02:12:19.560 --> 02:12:26.240 - Costing the other time frame and just so everybody or we're aware on the Kobe Lane there. These are 02:12:26.240 --> 02:12:28.080 - affordable units 02:12:28.080 --> 02:12:35.760 - So that in itself is we need to maintain now at this increased cost doubtful if they come back for 02:12:35.760 --> 02:12:36.160 - more. I 02:12:36.160 --> 02:12:42.130 - Wouldn't think so this this I think believe it also has a contingency built in for anything that 02:12:42.130 --> 02:12:43.240 - might come up as well 02:12:43.240 --> 02:12:45.240 - so this should be 02:12:45.720 --> 02:12:51.680 - All that would take to get all the buildings done for something is there is some savings 02:12:51.680 --> 02:12:53.680 - It would come back to the hand work 02:12:53.680 --> 02:12:55.920 - Okay, that works. Thank you 02:12:55.920 --> 02:12:58.320 - Okay 02:12:58.320 --> 02:13:02.320 - Thank you for the comments from commissioners any public comment 02:13:02.320 --> 02:13:07.280 - Seeing none. I will invite a motion for resolution 25 64 02:13:07.280 --> 02:13:12.080 - Move approval resolution 25 64 02:13:12.080 --> 02:13:15.320 - Second got a first and a second all in favor say aye 02:13:15.640 --> 02:13:17.120 - I 02:13:17.120 --> 02:13:20.440 - Motion passes unanimously. Thank you. Make sure you get on time now 02:13:20.440 --> 02:13:27.720 - Okay, next item a new business is resolution 25 65 which is 02:13:27.720 --> 02:13:33.340 - Sorry, my agenda did not jump down to it. It's not 02:13:33.340 --> 02:13:36.480 - Linked there. Okay. There we are 02:13:36.480 --> 02:13:41.580 - Approval of agreement for temporary use of city-owned property at Hopewell Development. Mr. Copper's 02:13:41.580 --> 02:13:42.480 - here to talk to us 02:13:44.080 --> 02:13:46.080 - so this is an agreement to 02:13:46.080 --> 02:13:51.510 - Coordinate between two adjacent construction projects. The first project being the core building in 02:13:51.510 --> 02:13:53.620 - the northwest corner of first and Rogers 02:13:53.620 --> 02:13:57.760 - There's a map on page 127 of the packet if you don't already have it in your head 02:13:57.760 --> 02:14:00.360 - and then the second project being 02:14:00.360 --> 02:14:03.580 - part of the Hopewell construction so 02:14:03.580 --> 02:14:08.260 - About half a block of Jackson Street to the west of the core building 02:14:08.840 --> 02:14:13.830 - Portion of an alley to the north of the core building and then improvements on Roger Street to the 02:14:13.830 --> 02:14:15.120 - east of the core building 02:14:15.120 --> 02:14:17.720 - So practically surrounding the core project 02:14:17.720 --> 02:14:21.690 - So we want to make sure that the two projects are talking to each other coordinating the core 02:14:21.690 --> 02:14:23.720 - project needs access to their site 02:14:23.720 --> 02:14:25.400 - Of course, they also 02:14:25.400 --> 02:14:28.440 - need space for storage and staging of materials 02:14:28.440 --> 02:14:33.440 - So this agreement just outlines how that coordination would happen 02:14:33.440 --> 02:14:37.780 - Kind of who gets precedence if there is conflict timelines for that communication 02:14:38.160 --> 02:14:42.910 - To try to make sure that both projects can be successful and come in without additional time or 02:14:42.910 --> 02:14:44.920 - expense on either one of them 02:14:44.920 --> 02:14:46.920 - I'd be happy to answer any questions 02:14:46.920 --> 02:14:56.600 - Just based upon where this map is the yellow that we're looking at 02:14:56.600 --> 02:15:00.560 - In regards to is that you mentioned that was a separate Hopewell project 02:15:00.560 --> 02:15:06.480 - So are you talking the Jackson Street extension or what's our Hopewell project that's going to be 02:15:06.480 --> 02:15:07.680 - involved in this? 02:15:07.680 --> 02:15:12.800 - Yeah, so the the yellow is showing on this map is actually showing public right of way 02:15:12.800 --> 02:15:17.160 - okay on the map the construction project if that is happening is 02:15:17.160 --> 02:15:19.880 - Yes, the southern 02:15:19.880 --> 02:15:22.320 - the southern block of Jackson Street, so 02:15:22.320 --> 02:15:29.160 - From 1st Street up north half of a block and then also the alley that that's the yellow 02:15:29.160 --> 02:15:31.440 - right of what you see along the north side of 02:15:31.440 --> 02:15:37.360 - the core building and then also the block of Rogers between 1st and 2nd would see improvements and 02:15:37.400 --> 02:15:39.400 - That is the construction 02:15:39.400 --> 02:15:41.120 - that's 02:15:41.120 --> 02:15:44.520 - Related to the Hopewell overall. It's kind of a piece that most 02:15:44.520 --> 02:15:48.840 - Most helps the core core project. It's going to help the core project 02:15:48.840 --> 02:15:52.440 - But it's part of a public work project that will be funded under the Hopewell 02:15:52.440 --> 02:15:58.690 - Yes, and eventually that you know that whole you know, Western Hopewell area will get built out and 02:15:58.690 --> 02:15:59.320 - gridded 02:15:59.320 --> 02:16:03.240 - This is just a piece of it. That's most relevant. Okay, this is just 02:16:03.880 --> 02:16:09.850 - Temporary and then the only other question I have in regards to it is based on us giving them the 02:16:09.850 --> 02:16:11.240 - ability to do that 02:16:11.240 --> 02:16:18.370 - The lease it says they'll put it back the way it was. Is that a correct statement? Yeah, so if they 02:16:18.370 --> 02:16:19.200 - if they damage 02:16:19.200 --> 02:16:24.840 - Change change property that's owned by the RTC. Yes, we require them to put it back. Okay 02:16:24.840 --> 02:16:29.180 - I just want to make sure that we've got a documentation for that accordingly because well, it wasn't 02:16:29.180 --> 02:16:29.400 - like that 02:16:30.120 --> 02:16:34.380 - Let me find out. We have to pay to fix it again. Yeah, thank you 02:16:34.380 --> 02:16:42.420 - The other questions or comments from commissioners if not on by public comment either in person or 02:16:42.420 --> 02:16:42.920 - online 02:16:42.920 --> 02:16:50.480 - Seeing none. I will invite a motion for resolution 2565. I'm sorry. Sorry 02:16:50.480 --> 02:16:55.540 - To to the point Randy made about condition 02:16:57.920 --> 02:17:01.820 - Is that in the agreement? So 02:17:01.820 --> 02:17:07.580 - I'm looking at it now and I'm covering for another staff that 02:17:07.580 --> 02:17:11.600 - Facilitate this so if anyone else here is more familiar with it 02:17:11.600 --> 02:17:16.070 - I didn't really carefully enough to know for sure but it's a good point. I'll be in writing. I don't 02:17:16.070 --> 02:17:17.160 - want to make it the assumption 02:17:23.680 --> 02:17:29.120 - I mean, yes, so there's like liability insurance and things if something terribly wrong went wrong 02:17:29.120 --> 02:17:29.920 - with property 02:17:29.920 --> 02:17:35.460 - There's there's lots of language about exercising due care and operating professional manner, which 02:17:35.460 --> 02:17:37.920 - I think could be argued to cover that as well 02:17:37.920 --> 02:17:44.440 - No, the reason I asked this Neil in regards to it is when we tore down the old hospital 02:17:44.440 --> 02:17:48.280 - We the core building had a perfectly good parking lot 02:17:48.280 --> 02:17:52.920 - And if you look at the parking lot in that core building, it has a large gash in it where a heavy 02:17:52.920 --> 02:17:54.040 - piece of equipment 02:17:54.040 --> 02:17:57.440 - Damaged it and nobody knew anything about it 02:17:57.440 --> 02:18:03.920 - So in order to make sure as we do this to help beautify and take care of our affordable housing and 02:18:03.920 --> 02:18:04.200 - such 02:18:04.200 --> 02:18:08.960 - I just want to make sure that as a responsible party for our community that 02:18:08.960 --> 02:18:15.700 - If someone uses it, they put it back and as good or better condition than it left then then it 02:18:15.700 --> 02:18:16.360 - started 02:18:16.360 --> 02:18:22.120 - So I think it's a great question. I will you know, the area they're using is is grass, right? 02:18:22.120 --> 02:18:28.980 - There's not as much to damage, but they could still I just want to make sure it's replanted 02:18:28.980 --> 02:18:31.600 - put back in as good or 02:18:31.600 --> 02:18:36.040 - Or good or better position and what they got it in and Dana 02:18:36.040 --> 02:18:39.560 - I don't know if you were the attorney working on this or was not okay. I 02:18:39.560 --> 02:18:44.880 - Asked Dana to look at this real quick to see 02:18:44.960 --> 02:18:48.640 - It does say that ECM and its employees and subcontractors 02:18:48.640 --> 02:18:54.160 - Contractors shall exercise due care and shall at all times act in a professional manner 02:18:54.160 --> 02:19:04.880 - And they do have professional liability insurance and it's their profession to do that job I 02:19:04.880 --> 02:19:13.560 - And they are having the city and redevelopment Commission as being additional insurers 02:19:14.320 --> 02:19:18.660 - it does not specifically state they will return the property to its 02:19:18.660 --> 02:19:22.760 - Previous condition 02:19:22.760 --> 02:19:28.920 - Yet at the same time they have to exercise due care. And so therefore they 02:19:28.920 --> 02:19:32.920 - If they didn't exercise due care, they would be in violation 02:19:32.920 --> 02:19:36.560 - Well, I guess you could argue whether 02:19:36.560 --> 02:19:39.920 - What do care is but that's would there be a problem? 02:19:40.960 --> 02:19:47.120 - amending this we approve the resolution we get this amended just to add the sensor to the 02:19:47.120 --> 02:19:50.560 - I think that solves the problem 02:19:50.560 --> 02:19:55.440 - To clarify that it would have to be returned in the same or better condition that it wasn't really 02:19:55.440 --> 02:19:56.280 - stick it in 02:19:56.280 --> 02:19:59.280 - appropriate 02:19:59.280 --> 02:20:02.760 - Okay, well, thank you 02:20:02.760 --> 02:20:09.720 - With that discussion in mind do we have a motion for resolution 2565? 02:20:10.480 --> 02:20:17.440 - I'll make a motion to approve 2565 as amended to put the condition back as good or as 02:20:17.440 --> 02:20:20.000 - current or better, okay 02:20:20.000 --> 02:20:27.320 - So we have a first and a second all in favor say aye aye any opposed motion passes unanimously 02:20:27.320 --> 02:20:34.120 - And our last item of new business on tonight's agenda is resolution 02:20:34.760 --> 02:20:40.610 - 2666 which is approval of payment of property insurance to Highland who would like to speak to that? 02:20:40.610 --> 02:20:40.680 - I 02:20:40.680 --> 02:20:45.960 - Would be glad to it'll be brief. This is the insurance premium for the forge 02:20:45.960 --> 02:21:02.430 - Okay, so insurance premium any questions or comments from commissioners on the insurance premium 02:21:02.430 --> 02:21:03.240 - for the forage 02:21:03.240 --> 02:21:05.240 - Will we have it again next year? Yeah 02:21:05.240 --> 02:21:09.380 - Okay, yes you will 02:21:09.380 --> 02:21:13.200 - We do need to pay it. It's been floating around didn't cross 02:21:13.200 --> 02:21:15.480 - our 02:21:15.480 --> 02:21:19.040 - Eyes until recently so we do need to get this out 02:21:19.040 --> 02:21:22.400 - It is for a year 02:21:22.400 --> 02:21:26.920 - It's not something we can go without 02:21:26.920 --> 02:21:30.040 - Okay 02:21:30.040 --> 02:21:34.320 - Any questions or comments from commissioners if not, I will invite public comment 02:21:34.320 --> 02:21:39.620 - Or is this part of a bigger policy and this is just the additional premium required for that 02:21:39.620 --> 02:21:40.140 - building 02:21:40.140 --> 02:21:45.480 - Risk in legal department handles all that coordination. I'm not aware 02:21:45.480 --> 02:21:51.140 - I assume that it is as they shop multiple policies for multiple properties 02:21:55.240 --> 02:22:00.960 - Are working on for Dana's suggestion on getting this policy in the Redevelopment Commission's name 02:22:00.960 --> 02:22:03.040 - instead of just the city of Bloomington 02:22:03.040 --> 02:22:05.880 - as well so that we can help make it clear to everyone 02:22:05.880 --> 02:22:14.600 - They always 02:22:14.600 --> 02:22:16.600 - Oh 02:22:16.600 --> 02:22:34.480 - Okay, I'm not seeing any indications of public comment or 02:22:34.480 --> 02:22:40.360 - Minor in person, so I will invite a motion for 2566 02:22:40.360 --> 02:22:44.560 - Move approval of resolution 25 - 66 02:22:44.560 --> 02:22:51.600 - First in a second all in favor say aye aye any opposed motion passes unanimously 02:22:51.600 --> 02:23:00.200 - Thank you. So now we are at the last part of our agenda, which is for other business or general 02:23:00.200 --> 02:23:00.840 - discussion 02:23:00.840 --> 02:23:04.080 - I know one item was whether we wanted to move our 02:23:05.400 --> 02:23:10.450 - July 7th meeting to June 30th, so I will just put that out there if there's anything further you 02:23:10.450 --> 02:23:10.880 - want to say 02:23:10.880 --> 02:23:17.640 - I think maybe we need to find out if we have quorum on July 7th first and then we can talk about 02:23:17.640 --> 02:23:18.760 - whether you guys want to move 02:23:18.760 --> 02:23:24.640 - Actually will be out of town. Okay on the 7th. Yeah, who else will be out? 02:23:24.640 --> 02:23:27.720 - Pull it up to the daughter the grandchildren 02:23:27.720 --> 02:23:31.060 - When you get to make a decision never 02:23:31.100 --> 02:23:33.100 - I 02:23:33.100 --> 02:23:38.990 - Plan to be I plan to be here. Okay, so we have quorum on the 7th. Would you like to keep it on the 02:23:38.990 --> 02:23:39.800 - 7th? 02:23:39.800 --> 02:23:47.040 - How does it handle how does that fit with our workflow and things we have to I think you'd and you 02:23:47.040 --> 02:23:48.460 - would save a week 02:23:48.460 --> 02:23:51.060 - if you did the 30th, but a week is 02:23:51.060 --> 02:23:58.920 - But we'd have we would then not meet again until the 21st 02:23:59.080 --> 02:24:01.080 - the July 02:24:01.080 --> 02:24:08.830 - That's I'm good either way I'm a little prefer the 30th if it's if it's all the same to everyone 02:24:08.830 --> 02:24:09.320 - else 02:24:09.320 --> 02:24:16.320 - Actually, I was just reflecting and reviewing that last part of 02:24:16.320 --> 02:24:22.000 - There's a few different things going on. I actually had it reversed where I'm out on the 30th 02:24:22.000 --> 02:24:26.560 - I'm in on the 7th and but I think we have a quorum either way, so I'm open to either option 02:24:27.200 --> 02:24:29.200 - It's up to you guys. I'm good either way 02:24:29.200 --> 02:24:33.600 - Okay, shall we just stick with the seventh then just kind of I'm just 02:24:33.600 --> 02:24:36.520 - feeling a little bit from having taken a 02:24:36.520 --> 02:24:41.720 - Meeting off in May just because we didn't have a quorum and I'd love to just kind of keep us on 02:24:41.720 --> 02:24:42.000 - peace 02:24:42.000 --> 02:24:47.840 - And not have the backup that's going on even though I realize it would be a one-for-one swap 02:24:47.840 --> 02:24:51.400 - It's still this feels like it's kind of there's a lot of stuff cooking. So 02:24:53.320 --> 02:24:57.500 - You're saying we might not just it's not gonna be a shortage in that 02:24:57.500 --> 02:25:03.760 - Okay, well it sounds like we're gonna keep it on the seven, okay 02:25:03.760 --> 02:25:10.190 - Keeping on the seventh. That's fine. Okay, then Dana for quorum. Could they have two people come to 02:25:10.190 --> 02:25:12.040 - the conversations about the 02:25:12.040 --> 02:25:14.880 - Convention Center 02:25:14.880 --> 02:25:18.160 - Can't do three because then 02:25:18.800 --> 02:25:24.120 - so if you guys could figure out who you would like to join us or is 02:25:24.120 --> 02:25:28.960 - If we have reoccurring meetings, I don't know if it would be 02:25:28.960 --> 02:25:31.560 - cause more harm to have 02:25:31.560 --> 02:25:33.560 - rotating members in 02:25:33.560 --> 02:25:44.040 - Two is a good idea because you can't always count. I'm both being available. So there'll always be 02:25:44.040 --> 02:25:44.960 - one person there 02:25:44.960 --> 02:25:46.960 - So I think there would be 02:25:46.960 --> 02:25:48.960 - You said you were already essentially 02:25:48.960 --> 02:25:53.920 - Is that a conflict of interest or is that right just 02:25:53.920 --> 02:26:10.520 - Well, I'd like to volunteer to be one of the members I like see yeah 02:26:10.520 --> 02:26:14.440 - And then I would think there wouldn't be a conflict 02:26:15.400 --> 02:26:17.700 - Because there's no conflicting goals 02:26:17.700 --> 02:26:28.560 - Because the CID wouldn't have anything to do with the hotel 02:26:28.560 --> 02:26:33.880 - At least 02:26:33.880 --> 02:26:40.520 - If there are questions, let's wave off. Yeah, I'll volunteer no one else wants to do 02:26:43.560 --> 02:26:47.800 - I don't know that's a question. I'm allowed to hear reports back down 02:26:47.800 --> 02:26:53.080 - I look forward to hearing from the people who can attend 02:26:53.080 --> 02:26:59.450 - Say based on what I saw from doors or reading doors presentation. I think it's a good choice to 02:26:59.450 --> 02:26:59.880 - work with 02:26:59.880 --> 02:27:06.000 - So you'll 02:27:07.640 --> 02:27:13.800 - John and John, okay, so you'll loop us in okay. Awesome. Thank you gentlemen for 02:27:13.800 --> 02:27:16.560 - offering your services to 02:27:16.560 --> 02:27:18.760 - participate with the CID 02:27:18.760 --> 02:27:21.520 - Anything else that would fall under? 02:27:21.520 --> 02:27:27.920 - Way back our earlier conversation about about Dora and 02:27:27.920 --> 02:27:30.880 - wanting more information wanting to 02:27:30.880 --> 02:27:33.320 - Deborah as you put at the menu 02:27:34.160 --> 02:27:40.210 - Did we conclude that we will add that to our agenda on the 17th that we will be able to or do we 02:27:40.210 --> 02:27:41.040 - need to? 02:27:41.040 --> 02:27:43.720 - convene in public session to do that 02:27:43.720 --> 02:27:45.880 - because I 02:27:45.880 --> 02:27:51.610 - Would be interested in having that conversation as well to really understand it that would be right. 02:27:51.610 --> 02:27:52.000 - Mr. Chen 02:27:52.000 --> 02:27:56.640 - I'd love to hear from him. It's just a matter of advice. So it's a public meeting or right 02:27:59.600 --> 02:28:04.480 - Okay, and do we have room in the agenda? I was forward towards 02:28:04.480 --> 02:28:09.280 - Could we do that on the 17th, right provided that mr. Chen is available? 02:28:09.280 --> 02:28:14.360 - Calendars and you may need to enlarge the span of time then because yes 02:28:14.360 --> 02:28:19.440 - That you can't allow 10 or 15 minutes and he's not available just looking ahead to one week 02:28:19.440 --> 02:28:24.720 - It's right under our session with right his availability and learn first order of business tomorrow 02:28:24.720 --> 02:28:31.080 - We'll try to get some dates and make sure that we can coordinate that we can plug it in on the 17th. 02:28:31.080 --> 02:28:31.700 - Let's do it 02:28:31.700 --> 02:28:40.840 - Okay, any other items of business that we should address before we adjourn one last thing 02:28:40.840 --> 02:28:44.480 - I've been attending the CIB here or meetings 02:28:44.480 --> 02:28:52.760 - As a last meeting, you know the CIB had a CIB indicated that he would like to have somebody there 02:28:53.160 --> 02:28:58.580 - He's going to put it on the agenda every month for a report on the host hotel or ask about it 02:28:58.580 --> 02:29:06.120 - So I just want to be you know, isn't Jane I think she is I just want I don't know if she saw it or 02:29:06.120 --> 02:29:06.520 - heard it 02:29:06.520 --> 02:29:12.360 - I just don't want her to be forewarned that it'll be on the CIB's agenda every month 02:29:12.360 --> 02:29:16.360 - So that way we at least say we're working on it 02:29:18.360 --> 02:29:24.280 - And what you're looping Randy and I just want to make clear we're not we're not interested in the 02:29:24.280 --> 02:29:25.800 - CIB meetings 02:29:25.800 --> 02:29:32.820 - It's the Dora meetings and the Scott Chen and just trying to understand the structure of the 02:29:32.820 --> 02:29:33.200 - possible 02:29:33.200 --> 02:29:38.320 - Just FYI the building corporation is going to start running its meetings parallel to the CIB 02:29:38.320 --> 02:29:43.000 - So we will because very often the CIB meetings produce 02:29:43.800 --> 02:29:48.200 - Stuff that we have to do so you can do it. I just say you do it after right? 02:29:48.200 --> 02:29:50.800 - Okay, will you be doing it? 02:29:50.800 --> 02:29:53.480 - Here and see how it will be probably convinced them 02:29:53.480 --> 02:29:57.320 - Okay getting everybody together 02:29:57.320 --> 02:30:02.280 - Any other items for general discussion before we adjourn 02:30:02.280 --> 02:30:07.640 - No, but I will say that I think that it would be a really good idea of whatever gets reported back 02:30:07.640 --> 02:30:08.920 - to the CIB is also 02:30:08.920 --> 02:30:12.280 - Shared with the Redevelopment Commission because I do think there's some communication 02:30:12.840 --> 02:30:14.640 - breakdowns so 02:30:14.640 --> 02:30:16.640 - Thank you. That's an excellent recommendation 02:30:16.640 --> 02:30:21.920 - Okay, I will take a motion to adjourn 02:30:21.920 --> 02:30:28.200 - Thank you all for your time this evening broke a record for the longest meeting I know 02:30:58.200 --> 02:31:01.120 - (orchestral music) 02:31:01.120 --> 02:31:04.040 - (orchestral music) 02:31:04.040 --> 02:31:06.960 - (orchestral music) 02:31:06.960 --> 02:31:09.880 - (orchestral music) 02:31:09.880 --> 02:31:12.800 - (orchestral music) 02:31:12.800 --> 02:31:15.720 - (orchestral music) 02:31:15.720 --> 02:31:18.640 - (orchestral music) 02:31:18.640 --> 02:31:21.560 - (orchestral music) 02:31:21.560 --> 02:31:24.480 - (orchestral music) 02:31:24.480 --> 02:31:27.400 - (orchestral music) 02:31:27.400 --> 02:31:30.320 - (orchestral music)