WEBVTT 00:00:00.642 --> 00:00:10.336 - 5 o'clock. Welcome, everyone. Let's go ahead and get started. We have a quorum here in person. And we 00:00:10.336 --> 00:00:20.316 - have one individual on Zoom. So why don't we start with a roll call vote, please, or a roll call. Laurie 00:00:20.316 --> 00:00:29.630 - McRobbie, present. Randy Cassidy, present. John? John, you're muted. Sorry about that, John West. 00:00:31.714 --> 00:00:39.924 - So you scambler here. And staff present? Costina Finley, Hand Department. Tammy Caswell, Hand Department. 00:00:39.924 --> 00:00:47.746 - Jane Coopersmith, Economic and Sustainable Development. Margie Rice, City Legal. Kenoki Engineering. 00:00:47.746 --> 00:00:55.878 - Great. Good to have you all here on this sparsely populated week. But we have approval of minutes before 00:00:55.878 --> 00:01:00.990 - us, including an executive session summary for February 23, 2026. 00:01:01.122 --> 00:01:08.978 - minutes for February 23rd, 2026, and March 2nd, 2026. Are there any corrections or changes that anyone 00:01:08.978 --> 00:01:16.835 - wants to note? If not, may I have a motion to approve? I'll make a motion to approve as noted. Second. 00:01:16.835 --> 00:01:24.768 - It's been moved and seconded. Oh, sorry. We'll actually take a roll call vote on approving that. Laurie 00:01:24.768 --> 00:01:28.734 - McRobbie, yes. Brandi Cassidy, yes. John West, yes. 00:01:28.994 --> 00:01:36.660 - Sue Scambaleri, yes. Thank you. That passage unanimously. Moving to the claims register for February 00:01:36.660 --> 00:01:44.401 - 27th, 2026. Are there any questions? I have one question. I know Christine directed us accordingly to 00:01:44.401 --> 00:01:52.067 - call or email, of which I did call. I did call. I got your voice. You did? I did. So consequently, I 00:01:52.067 --> 00:01:58.974 - don't have any major questions. But some of these reoccurring ones that occur, the habitat 00:01:59.298 --> 00:02:07.146 - for Humanity, the Osage one. Yeah, it's the Osage, the Summit Hill development. These ones that are 00:02:07.146 --> 00:02:15.073 - continuing long-term that we have, trying to figure out from as we look through an approval process, 00:02:15.073 --> 00:02:22.999 - these are agreements that were made that have long-term effect in regards to the finances. Just kind 00:02:22.999 --> 00:02:29.278 - of curious as we look through those ones that have with the Summit Hill, Osage, 00:02:29.730 --> 00:02:35.546 - the, forgive me, the name is evading me at the present moment. Yeah, the other stage is the infrastructure, 00:02:35.546 --> 00:02:40.932 - so. Right, I understand what it is. I'm just looking at, as we have these continuations, if there's 00:02:40.932 --> 00:02:46.317 - a tabulation, I know previously Jessica had done something for Hopewell, so these ones, so we have, 00:02:46.317 --> 00:02:51.864 - we know what that long-term overall effect would be. Yeah, I think Stephanie's the one that takes care 00:02:51.864 --> 00:02:55.742 - of those, so I can get with her and get some sort of timeframe for you. 00:02:55.906 --> 00:03:02.749 - Cause it's kind of like, we know the tip, you know, I know some of these are CBDG and are outside of 00:03:02.749 --> 00:03:09.999 - the tip itself, but just so everybody has an idea what the overall financial commitment is. Not a problem. 00:03:09.999 --> 00:03:16.910 - All right, thank you. Any other questions? Okay. Seeing none, may I have a motion for approval of the 00:03:16.910 --> 00:03:23.550 - claims register for 22726? So moved. And is there a second? Second. It's been moved and seconded. 00:03:23.842 --> 00:03:31.753 - We'll do a roll call vote. Lori McGrady, yes. Randy Cassidy, yes. John West, yes. Steve Scambaleri, 00:03:31.753 --> 00:03:39.823 - yes. That passes unanimously. Thank you. That takes us to our payroll register for March 6, 2026. Are 00:03:39.823 --> 00:03:47.814 - there any questions or comments on the payroll register? No. I'll make a motion to approve as noted. 00:03:47.814 --> 00:03:52.798 - Second. It's been moved and seconded. We'll vote by roll call. 00:03:53.026 --> 00:03:59.504 - Lori McRobbie, yes. Randy Cassidy, yes. John West, yes. C. Scambaleri, yes. That passes unanimously. 00:03:59.504 --> 00:04:06.303 - Payroll register is approved. Takes us to reports. I know Director Kellyanne Hanson is not with us today, 00:04:06.303 --> 00:04:12.973 - but is there any report on her behalf? No report today. Okay. Legal? None for me. I know Kendall's here 00:04:12.973 --> 00:04:19.515 - to give a staff report though at some point. I don't know if you want the controller to go first. May 00:04:19.515 --> 00:04:20.798 - I just mention that 00:04:21.410 --> 00:04:27.581 - My report was going to be re-presenting the annual report, which is mandatory and extremely important, 00:04:27.581 --> 00:04:33.812 - but they're not here yet. So I may have to ask you to postpone that report till after your agenda item. 00:04:33.812 --> 00:04:39.863 - So let me defer, and I'm going to go out in the hall and see if they're wandering around waiting for 00:04:39.863 --> 00:04:46.034 - us. Thank you. And is there a business development report? I don't have a business development report, 00:04:46.034 --> 00:04:48.670 - but I did want to say to the commissioners, 00:04:49.314 --> 00:04:56.584 - It's because all of the business development activities are bundled up and meshed in all the 00:04:56.584 --> 00:05:04.401 - other development activities. So I think they tend to fall under the other work that the commission 00:05:04.401 --> 00:05:12.375 - is doing. So I just wanted to share that because I never have that day for you. Thank you. But she is 00:05:12.375 --> 00:05:18.238 - definitely very busy. Yeah. Sometimes. OK. Any questions for any of those? 00:05:19.202 --> 00:05:26.107 - hit the controller when he comes back. Okay. All right, we'll actually postpone, per Jeff's request, 00:05:26.107 --> 00:05:33.080 - we'll postpone the Treasurer's Report and the TIF Report from Reedy, and we'll move ahead and take up 00:05:33.080 --> 00:05:40.327 - new business. Oh, I'm sorry, I didn't see Hopewell on here. No, he's just gonna give it in staff updates, 00:05:40.327 --> 00:05:41.694 - if that's okay. PG. 00:05:42.114 --> 00:05:48.727 - Yeah, so just as requested with the contract for the Hopewell South engineering and subdivision, just 00:05:48.727 --> 00:05:55.210 - want to keep continuing to give you all updates. So kind of the biggest update is based on the last 00:05:55.210 --> 00:06:02.212 - City Council meeting. We are charging forward with design. We did not see any real red flags that indicated 00:06:02.212 --> 00:06:09.214 - to us that City Council is going to change substantially what's being proposed. They may make some changes. 00:06:09.378 --> 00:06:14.722 - But we felt like the risk was low enough to continue to charge forward. So I wanted to bring that in 00:06:14.722 --> 00:06:20.013 - front of you and make sure that you're all in agreement with that. But based on what we saw at City 00:06:20.013 --> 00:06:25.410 - Council, we feel confident to continue moving forward. And we have to move forward if we want to stay 00:06:25.410 --> 00:06:30.913 - on the schedule that we have. So I guess that's the other side of this thing. But I just wanted to kind 00:06:30.913 --> 00:06:36.628 - of bring that in front of you and hear any discussion you may have on should we continue to charge forward, 00:06:36.628 --> 00:06:39.326 - which means we're spending money in that contract. 00:06:39.906 --> 00:06:46.434 - or should we hold off, we believe as staff that we should continue charging forward. And I can tell 00:06:46.434 --> 00:06:52.961 - you legally, at a PUD, the council can approve it or not approve it. They can, you know, reasonable 00:06:52.961 --> 00:06:59.620 - conditions can be put in place, but legislatively, council doesn't have the authority to amend a PUD. 00:06:59.620 --> 00:07:06.213 - They could just put in place reasonable conditions. So we think it's a good idea to continue to move 00:07:06.213 --> 00:07:09.150 - forward. And that appears to be what they've 00:07:09.282 --> 00:07:16.060 - raised in their first session for several reasonable possible amendments. When is their next council 00:07:16.060 --> 00:07:22.905 - meeting? It is March 25th. Right, so it's not that long off. And is that the final here? It could be. 00:07:22.905 --> 00:07:29.818 - It's the second reading. So they could take a vote and approve it. They might not. They could postpone 00:07:29.818 --> 00:07:36.126 - it. OK. And then the other question I have is, what's our burn rate so far as far as dollars? 00:07:36.610 --> 00:07:42.871 - We haven't even gotten our first invoice yet. That's good. The consultant is definitely charging along. 00:07:42.871 --> 00:07:48.952 - We're moving. We're spending money. Just checking to see what that metric was on a consistent basis. 00:07:48.952 --> 00:07:55.032 - I can't tell you exactly how much we've spent. And what will you require of this body going forward? 00:07:55.032 --> 00:08:01.113 - Well, so the next approval that I'll bring in before you is essentially permission to file and go to 00:08:01.113 --> 00:08:06.110 - plan commission for the primary plat, which is scheduled for May 11th, apparently. 00:08:06.370 --> 00:08:12.017 - So prior to that May 11th date, I'll just request permission to submit that primary plat and have it 00:08:12.017 --> 00:08:17.775 - heard by plain commission on your behalf. So that's kind of the next step. And then after that, if the 00:08:17.775 --> 00:08:23.422 - plat's approved, we'll submit for our permits for our secondary plat. And eventually, I'll come back 00:08:23.422 --> 00:08:29.349 - and ask for construction funding for the build out of all the infrastructure. So on the current schedule, 00:08:29.349 --> 00:08:33.374 - we can start construction mid-August. And we're still on that schedule. 00:08:34.242 --> 00:08:41.346 - Given the current contract that is let, not for this particular Hopewell, but the one we approved previously 00:08:41.346 --> 00:08:48.059 - for Second Street? Second Street is... The sewer and such that's occurring. Oh, yeah. That sewer work, 00:08:48.059 --> 00:08:54.837 - that's already completed. Okay. So all of that is complete accordingly. And what I'm curious in regards 00:08:54.837 --> 00:09:01.680 - to is where we had done the park and they had put the grass and such, where they put a temporary walkway 00:09:01.680 --> 00:09:04.222 - around it. If you take a look at that, 00:09:04.450 --> 00:09:11.899 - while the sidewalk was out, we now have a nice little rainbow arc in the grass. It's minor stuff, but 00:09:11.899 --> 00:09:19.494 - if you drive by Roger Street, take a look. It's trying to make sure that as the spring comes that we're 00:09:19.494 --> 00:09:26.943 - able to have vegetation cover. Oh, you're saying there's exposed soil. Well, what occurred while they 00:09:26.943 --> 00:09:30.814 - were working in that particular area on Roger Street 00:09:31.266 --> 00:09:37.081 - There was a sidewalk that was out, and they put a temporary sidewalk around in an arc. Oh, right, yes. 00:09:37.081 --> 00:09:42.897 - And they've done the sidewalk, but the restoration has not occurred. So it's just this nice little arc 00:09:42.897 --> 00:09:48.656 - that's in there. With spring coming up, making sure we get some vegetative cover. I know exactly what 00:09:48.656 --> 00:09:54.301 - you're talking about. Appreciate that. So our consultant, we have filing for the development review 00:09:54.301 --> 00:10:00.343 - committee at the end of the month this Friday. So they're going to be submitting grading plan, preliminary 00:10:00.343 --> 00:10:01.246 - utility layout, 00:10:02.114 --> 00:10:08.560 - you know, site plan, first draft of the plat, that's all going to get submitted to our planning department 00:10:08.560 --> 00:10:14.644 - this Friday. And then all of the city departments will have the opportunity to review and discuss, I 00:10:14.644 --> 00:10:20.729 - think it's the 30th of this month, is the DRC, not RDC, DRC meeting where we'll discuss all of that. 00:10:20.729 --> 00:10:26.813 - So just moving through that process, that's for the May 11th Planning Commission meeting. And that's 00:10:26.813 --> 00:10:31.934 - DRC stands for Design Review Committee? Yeah, it's the Development Review Committee. 00:10:33.186 --> 00:10:39.069 - All the departments are part of that fire, you know, police, engineering, everybody. So a few other 00:10:39.069 --> 00:10:45.128 - updates. Based on the grading, we are likely going to impact one of the adjacent centerstone lots. And 00:10:45.128 --> 00:10:51.247 - so we have a meeting set up to kind of talk to them about that. We don't have to impact their property, 00:10:51.247 --> 00:10:57.365 - but we think it's going to be beneficial to both projects. We get to lower the road a little bit, which 00:10:57.365 --> 00:10:58.718 - helps our grading out. 00:10:59.010 --> 00:11:04.864 - And then they basically get a new parking lot out of it because we'll have to reconstruct their parking 00:11:04.864 --> 00:11:10.548 - lot in order to do that. So I think it's going to be beneficial to both parties. We're going to talk 00:11:10.548 --> 00:11:16.289 - to them. We don't know if we're moving forward with that, but just wanted to make you aware. And then 00:11:16.289 --> 00:11:21.918 - I did want to, I'm going to see if I can share my screen on the zoom. So John can see this as well. 00:11:32.994 --> 00:11:39.867 - is. So we have some contract amendment coming up as well that we'll be bringing to you and this is to 00:11:39.867 --> 00:11:46.739 - address some additional off-site improvements that have come up in the design. So the first one is on 00:11:46.739 --> 00:11:53.679 - the south side of this exhibit, this blue line that I've drawn here. This is a new or it's an existing 00:11:53.679 --> 00:12:00.552 - water main that needs to be replaced. So this water main down here where I've drawn this blue line is 00:12:00.552 --> 00:12:01.630 - 1937 right now. 00:12:02.274 --> 00:12:08.956 - And CBO has requested it be replaced as part of this project in order to serve the new development. 00:12:08.956 --> 00:12:15.839 - So we are going to have to include the design and construction of a new water main in Wiley. So that's 00:12:15.839 --> 00:12:23.122 - what's shown on the south end. And then another request from CBU is we did not have room to do any detention 00:12:23.122 --> 00:12:30.272 - or water quality on the west portion of the site. So the east portion all drains down to the 714 building, 00:12:30.272 --> 00:12:31.742 - but the west portion, 00:12:32.066 --> 00:12:37.825 - drains to the west and we had initially proposed over detaining in this area to accommodate that. But 00:12:37.825 --> 00:12:43.584 - CBU has come back and said, you know, in the mobile home community down here, there's flooding issues 00:12:43.584 --> 00:12:49.229 - and they'd really like to see this project do some kind of detention water quality treatment. So we 00:12:49.229 --> 00:12:54.875 - do have some room along Wiley in the right of way. So they've requested that we take a look at that 00:12:54.875 --> 00:13:00.126 - and evaluate if we can do some detention in there to serve this project. So because of that, 00:13:00.418 --> 00:13:06.714 - We'll have to include some additional survey of this area to do the design. And then we need to get 00:13:06.714 --> 00:13:13.198 - utilities out of this area. And that's proven to be a bit difficult with our stormwater. So we'll have 00:13:13.198 --> 00:13:19.494 - to come up either through down first or through this existing platted alley with some utilities. So 00:13:19.494 --> 00:13:26.041 - we'll need to survey those locations. And then there's also been talk about potentially doing some kind 00:13:26.041 --> 00:13:29.630 - of a sidewalk or alley connection in the existing alley. 00:13:29.922 --> 00:13:35.886 - Because right now our development is building an east-west kind of thoroughfare that dead ends right 00:13:35.886 --> 00:13:42.027 - here at this existing alley. And so especially if we have to do a utility in there, it might make sense 00:13:42.027 --> 00:13:47.932 - to do some kind of a sidewalk or an alley build out. That's still something we have to evaluate. So 00:13:47.932 --> 00:13:53.896 - right now I'll probably be coming to you with a request for additional survey in an upcoming meeting 00:13:53.896 --> 00:13:58.974 - and then potentially an additional design depending on what we determine is feasible. 00:14:00.034 --> 00:14:06.610 - When we look at this existing water line that's got to be replaced, what kind of dollars are we talking 00:14:06.610 --> 00:14:12.996 - at? Because as we move forward on Hopewell, trying to get into an affordable housing situation, each 00:14:12.996 --> 00:14:19.572 - one of these things, while it's necessary for public infrastructure, also goes into the overall density 00:14:19.572 --> 00:14:26.085 - and the amount of cost per unit. I don't have a cost for you yet. I will try to get something together 00:14:26.085 --> 00:14:29.310 - so I can let you know approximate. I will say that 00:14:29.410 --> 00:14:35.238 - You know, these kinds of infrastructure improvements are pretty typical on a development. But yeah, 00:14:35.238 --> 00:14:41.300 - I'd like to get a price for both of them before I come and ask about it. But we still need to evaluate. 00:14:41.300 --> 00:14:46.954 - So the first step will be additional surveying. As we look through the infrastructure's critical 00:14:46.954 --> 00:14:52.840 - redevelopment of this thing, but as we've got other things in the community where we require all the 00:14:52.840 --> 00:14:56.862 - private people to also be cognizant of what those overall costs are, 00:14:57.282 --> 00:15:03.982 - since we are the most expensive place in the state. So appreciate that. And what about timing? Is that 00:15:03.982 --> 00:15:10.552 - something that will do the survey and presumably if everything looks like it's on track, you'll just 00:15:10.552 --> 00:15:17.058 - proceed to do that replacement and it'll be done? It'll just be done as part of the project. But at 00:15:17.058 --> 00:15:22.782 - what point? I mean, obviously early on. So before ground was broken for the housing or? 00:15:23.234 --> 00:15:28.536 - Yes, so the infrastructure will be done before ground is broken for the housing, with the exception 00:15:28.536 --> 00:15:33.837 - of those two or three lots that we're trying to do early. But all the infrastructure is going to be 00:15:33.837 --> 00:15:39.404 - done at once, and utilities will be first. So they'll be getting into the site. They'll be masquerading. 00:15:39.404 --> 00:15:44.865 - They'll be installing storm sewer water, sanitary. And then they'll get into the adjoining streets and 00:15:44.865 --> 00:15:50.272 - do the utility work. I mean, there's going to be all kinds of connections and things going in. Right. 00:15:50.272 --> 00:15:52.446 - So it'll all just be done at once. Yeah. 00:15:53.154 --> 00:15:59.016 - on that vein as we go through this in order to try to move things forward, providing the council approves 00:15:59.016 --> 00:16:04.602 - everything. Where, as you're having these discussions on utilities, where any of the other utilities 00:16:04.602 --> 00:16:10.132 - that can tend to hold up some projects might be, we're already having coordination discussions with 00:16:10.132 --> 00:16:15.717 - those. Yeah, so CBU, you know, does the Big Three water, storm, and sanitary, and these are the only 00:16:15.717 --> 00:16:18.206 - things that came out of those conversations. 00:16:18.370 --> 00:16:24.005 - We're not going to be installing any new gas mains on this project based on the PUD not allowing gas 00:16:24.005 --> 00:16:29.864 - service in these developments. So it's really just, we still have to meet with Duke Energy to talk about 00:16:29.864 --> 00:16:35.611 - how to serve it from an electric standpoint. But otherwise, all the communications will be able to fit 00:16:35.611 --> 00:16:41.302 - in. OK. From your preliminary basis, you're not going to have massive relocations that could actually 00:16:41.302 --> 00:16:47.105 - hold up this project? No. No, we're not going to be waiting on anybody to relocate their utilities that 00:16:47.105 --> 00:16:47.998 - we're aware of. 00:16:52.642 --> 00:16:59.385 - Any other questions for Ken? Seeing none. Okay. Thank you so much. Thank you so much. Let's circle back 00:16:59.385 --> 00:17:05.933 - to the Treasurer's Report and the TIF Report from Reedy Financial. Jeff, do you want to take us into 00:17:05.933 --> 00:17:12.546 - that? Fantastic. Thank you very much. I would like to introduce Justin Chang from Reedy Financial. He 00:17:12.546 --> 00:17:17.214 - is going to present the Annual Report for the Redevelopment Commission. 00:17:17.634 --> 00:17:25.156 - very important and mandatory step that this will fulfill. Yes, so to start off, my apologies. I thought 00:17:25.156 --> 00:17:32.605 - the meeting started at 5.30. I was actually in the parking lot about 5.05 waiting for the clock to run 00:17:32.605 --> 00:17:39.982 - down. So I do apologize. But yesterday, we're going to go over the April reporting requirement. A lot 00:17:39.982 --> 00:17:43.454 - of you may have done this in the past, but just 00:17:43.874 --> 00:17:50.419 - Just as a quick overview, this is to show a lot of the RDC's information from the prior year. Most of 00:17:50.419 --> 00:17:56.900 - it is around financials, but also RDC members, underlying units, parcel list, information like that. 00:17:56.900 --> 00:18:03.317 - The way that we format the Airport Reform Department is going to look very similar to the financial 00:18:03.317 --> 00:18:06.590 - plan that we presented and we provided in previous 00:18:06.690 --> 00:18:14.026 - previously with the core of the update. So a lot of this will look very familiar, but today we're going 00:18:14.026 --> 00:18:21.221 - to focus mainly solely on 2025. Last time I was here, I think I presented for nearly an hour, so I'll 00:18:21.221 --> 00:18:28.558 - try not to do that this time. Are we going to share, or is there anything to share? And just to clarify 00:18:28.558 --> 00:18:36.670 - this, what is being presented here was also part of your packet and has also been available to the public as well. 00:18:37.346 --> 00:18:44.032 - So table of contents, again, it'll look very similar to the TIF financial plan. The only addition that 00:18:44.032 --> 00:18:50.784 - we've added here that isn't on the normal TIF financial plan is that one will go through all the annual 00:18:50.784 --> 00:18:57.470 - reporting requirements required for the RDC, as well as, and you'll see a list of all the parcel lists 00:18:58.018 --> 00:19:05.222 - for all tip allocation areas in the RDC. So that's one of the reporting requirements that's required 00:19:05.222 --> 00:19:12.640 - for this reporting, but that won't be included in future financial plan packets. Next page, page three, 00:19:12.640 --> 00:19:18.846 - is the annual requirements. This will look similar if you guys remember last year from 00:19:19.298 --> 00:19:26.930 - The annual TIF impact reporting, we've put together a list of all the reporting that the RDC has to 00:19:26.930 --> 00:19:34.868 - do. This is essentially that list, but we break it out into more detail for the RDC. Today, we're doing 00:19:34.868 --> 00:19:38.302 - that very first one under that green column. 00:19:38.626 --> 00:19:44.358 - That says prior to April 1st, clerk treasures any report to the RDC that will be this report. And then 00:19:44.358 --> 00:19:50.034 - no later than April 15th, we'll have to provide this to the mayor and the city council either through 00:19:50.034 --> 00:19:55.766 - an email or in their meeting packets, as well as we'll work on the gateway uploads and we'll work with 00:19:55.766 --> 00:20:01.554 - Jeff to submit it once we've uploaded it. The rest are just all the other report requirements. You guys 00:20:01.554 --> 00:20:07.230 - should know these for the most part, but if there are any questions, please feel free to let me know. 00:20:08.450 --> 00:20:16.267 - But if not, we could go to the next page. I've got one silly question. Yeah. We show no employee information, 00:20:16.267 --> 00:20:23.373 - yet we approve a payroll register every time. There is a employee information? No. I'm just asking. 00:20:23.373 --> 00:20:30.622 - It shows none. And I understand it's probably just under general. And what's your question? No. Well, 00:20:30.622 --> 00:20:35.454 - just where we go employee information. It shows none in our report. 00:20:35.554 --> 00:20:41.844 - And while we don't have any employees, we pay employees. Do you approve payroll and claims? And you 00:20:41.844 --> 00:20:48.386 - approve payroll for employees that aren't employees of the RDC? Exactly. Yes. OK. Yeah. So this is very 00:20:48.386 --> 00:20:54.864 - clear. If the RDC pays employees. If the RDC had a separate employee. Yes. That would be listed there. 00:20:54.864 --> 00:21:01.280 - Yes. Thank you. Most of the time we see maybe economic directors that are solely for the RDC would be 00:21:01.280 --> 00:21:03.230 - listed here. OK. So these are. 00:21:03.554 --> 00:21:11.097 - Again, a lot of this information is what's required of this reporting, but you guys all may know this 00:21:11.097 --> 00:21:18.713 - already. One last question. Yeah. When we go to local council, and on all your report, it's got Kerlaw 00:21:18.713 --> 00:21:26.551 - PC. So I'm just trying to make sure. We could update that is. Should that just be city and local council? 00:21:26.551 --> 00:21:31.358 - Yeah. OK. He's not in private practice. And John has a question. 00:21:32.002 --> 00:21:38.573 - And John? This answer, thank you. Okay, yes, we will fix that for future. Yes, we can definitely fix 00:21:38.573 --> 00:21:45.274 - that. Normally we see a lot of local council being private practice, so that's why we looked it up on, 00:21:45.274 --> 00:21:51.975 - looked it up sort of thing. But yes, we'll make sure that gets updated. Excellent, thank you. But that 00:21:51.975 --> 00:21:58.546 - isn't actually brother. What about the commissioner terms? Is that the wrong year? This is for 2025. 00:21:58.546 --> 00:22:01.278 - Are these not the commissioners for 2025? 00:22:01.858 --> 00:22:07.939 - Yes. These are, right? This is last year's report. I'm pretty sure I've heard about Jeff or someone. 00:22:07.939 --> 00:22:14.140 - So this is for last year's offer. This year's will update one for 2026. Yes, again, everything in this 00:22:14.140 --> 00:22:20.402 - report is in a year, so we're looking at all of 2025. Any changes made in 2026 won't be shown just yet, 00:22:20.402 --> 00:22:26.423 - but they will be in, I guess, next month's financial plan. And can I just, I know this came up last 00:22:26.423 --> 00:22:30.878 - year as well, but Sam Fleener, who is a sort of ex-official member of the 00:22:31.234 --> 00:22:37.706 - RDC, is that, how do we, just remind me how we understand Sam Cleaner's role. So Sam is the school member 00:22:37.706 --> 00:22:43.873 - from MCCSE. So he's- Appointed by them. Yes, yes. So he's, we still have to include him on here even 00:22:43.873 --> 00:22:49.979 - though he's not a non-loan member and we'll still include him in the gateway reporting, but that's- 00:22:49.979 --> 00:22:56.085 - Doesn't count towards quorum, obviously. Yeah. Okay. Yes. We just have to, since he's technically a 00:22:56.085 --> 00:23:00.542 - member of the RDC, we have to include him on here. Count towards quorum. 00:23:00.642 --> 00:23:07.516 - And just if you read the statute that refers to this annual report, Justin's pretty much ticking through 00:23:07.516 --> 00:23:14.194 - all the things that the statute says need to be included. Yes, yes. Perfect. But yeah, we try to make 00:23:14.194 --> 00:23:20.871 - the financial plan that's similar to this, so to cut down on initiated costs. But yeah, a lot of this 00:23:20.871 --> 00:23:24.734 - is ticking through the boxes of the report on the statute. 00:23:26.370 --> 00:23:32.468 - So to the next page, that's the monthly balance for the Wilmington consolidated TIF allocation area. 00:23:32.468 --> 00:23:38.505 - Big picture, what we're seeing is that the RDC's cash grew by $15 million. I think I mentioned this 00:23:38.505 --> 00:23:44.543 - when I came last time, but really this page is more useful for units that might be a little tighter 00:23:44.543 --> 00:23:50.580 - in cash, where yes, it looks like they'll end the year in the positive, but there may be a month or 00:23:50.580 --> 00:23:54.686 - two where they go negative, and this is where we can show that kind 00:23:54.946 --> 00:24:02.953 - kind of cash flow, but the RDC has pretty healthy cash flow, so this page is very much for informational 00:24:02.953 --> 00:24:10.808 - purposes, not even needed for the April report requirement. If we go to the next page. Just to verify, 00:24:10.808 --> 00:24:18.892 - as of October 31, we've got outstanding obligations, but we're still looking at $32,511,325. And leftover 00:24:18.892 --> 00:24:20.798 - cash. And leftover cash. 00:24:20.994 --> 00:24:27.759 - can be allocated for future projects. Yes, and we'll go over that in a couple of pages. There's a fun 00:24:27.759 --> 00:24:34.458 - tab that we'll look at that as well. OK. North Kinser Pike, this is one of the allocation areas that 00:24:34.458 --> 00:24:41.090 - is in public consolidated TIF. Like Jeff mentioned, each TIF needs to have their own fun tab parcel 00:24:41.090 --> 00:24:47.722 - list. So this is separating that out between North Kinser Pike and the consolidated area. Just as a 00:24:47.722 --> 00:24:50.110 - reminder, this TIF is set to expire 00:24:50.530 --> 00:24:58.164 - after this year. So we currently have 767. I believe that should be close, maybe 850, $900,000 by the 00:24:58.164 --> 00:25:05.874 - end of 2026. So that's money that we can look into spending as this TIF expires. So from an allocation 00:25:05.874 --> 00:25:13.658 - standpoint, dollars, 800 and some thousand, we just need to identify the projects that need to be done. 00:25:13.658 --> 00:25:19.870 - Because will they have to be closed out in order to work this, Jeff, by next year? 00:25:20.226 --> 00:25:25.229 - By the end of this year, will the allocations have to be allocated prior to? No, they can stay in there. 00:25:25.229 --> 00:25:30.137 - Even though it expires, you just don't start, you don't continue to collect money. Okay. But you don't 00:25:30.137 --> 00:25:34.949 - have to spend it all. But we don't have to have it? No. How about everything all completely spent on 00:25:34.949 --> 00:25:40.095 - it? That's, well, to verify so then it wouldn't be distributed back to the different taxing units. Correct. 00:25:40.095 --> 00:25:44.907 - All right, thank you. Yes, and it's that process of letting the county know that its tip expires, we 00:25:44.907 --> 00:25:48.862 - will do that with the functionalization. We'll let them know this tip is expiring. 00:25:49.058 --> 00:25:55.245 - And we won't neutralize it for the upcoming year. The next page, again, this follows a lot of what is 00:25:55.245 --> 00:26:01.371 - on the TIP financial plan, which is why this fund is on here. But 2519 technically doesn't go on the 00:26:01.371 --> 00:26:07.497 - April 4. So we don't need to spend a whole lot of time here. But when we do the gateway submissions, 00:26:07.497 --> 00:26:13.623 - we won't include the financial information from this fund. And I think it is useful for everybody to 00:26:13.623 --> 00:26:18.718 - see the cash balance. Because you all ask about the cash balance from time to time. 00:26:21.890 --> 00:26:29.538 - And this is included in all our tip and action plans. So when we provide the Q1 in April, this one will 00:26:29.538 --> 00:26:36.966 - be on there. Any questions on the monthly cash balance before we go into the? On the 25-19, I'm just 00:26:36.966 --> 00:26:44.393 - looking at the February portion of it, where we received 4.6 and we cash outlayed 4,593,000. Is that 00:26:44.393 --> 00:26:46.526 - a specific instance on that? 00:26:46.914 --> 00:26:54.586 - So that is tied to that revenue of 4.6. I believe that funds sold the property. That was first deposited 00:26:54.586 --> 00:27:02.257 - here and then deposited into the, yeah. So that's our trades district basis. Then that fund that receded 00:27:02.257 --> 00:27:08.979 - in and then got transferred. And then it's been transferred back out into a different fund. 00:27:08.979 --> 00:27:15.774 - It was transferred into the consolidated tip fund. So you'll see in February for this green, 00:27:15.938 --> 00:27:25.827 - green page. There is 4.5, almost like exactly. There's interest in there. The next three pages is similar 00:27:25.827 --> 00:27:35.156 - to what the monthly cash balance is showing, but instead of a monthly cash balance, we show this as 00:27:35.156 --> 00:27:41.406 - individual projects, and the reason we do this is when we go on to 00:27:41.570 --> 00:27:47.236 - gateway to do the submissions. Let's say we spent $294,000 on First Street. We have to show that. So 00:27:47.236 --> 00:27:53.014 - we have to do capital outlays, First Street, and then the dollar amount. Same thing with debt payments 00:27:53.014 --> 00:27:58.624 - and other services and charges. We have to separate that out. The one difference is that under debt 00:27:58.624 --> 00:28:04.402 - payments, we have that as a total debt. But when we do go in and do the gateway submissions, that will 00:28:04.402 --> 00:28:10.910 - be broken out into each individual debt. And we have to break that out into principal portion and interest portion. 00:28:11.202 --> 00:28:19.679 - Overall, the largest expenditures for the RDC last year, number one, were all the debt payments. Number 00:28:19.679 --> 00:28:27.830 - two was the hope well, which that's expected for 2026 as well with conversations. For informational 00:28:27.830 --> 00:28:36.062 - purposes into 2026, where if you guys look, there's $20.2 million in TIF revenues collected in 2025. 00:28:36.322 --> 00:28:42.477 - Still finalizing the abstract. We're still waiting on that from the state, but we're looking at closer 00:28:42.477 --> 00:28:48.274 - to maybe $24 million. Don't quote me on that if it comes out different, but as of numbers today. 00:28:48.274 --> 00:28:54.728 - But yes, we will try to get that in the next financial plan. Hopefully, we'll have those finalized numbers. 00:28:54.728 --> 00:29:00.883 - Any questions on this page for me? And I'll pause here for a second, just because this is an important 00:29:00.883 --> 00:29:05.246 - page. I just want to give everybody a chance to formulate any questions. 00:29:06.146 --> 00:29:13.566 - So what you're telling me is as of 12-31, we have $32 million in cash, so. Yes, yes, 32 and a half. 00:29:13.566 --> 00:29:20.986 - Now, we've got expenditures planned that is not just cash to be utilized. It's already got payments 00:29:20.986 --> 00:29:28.852 - and such that'll be happening. You certainly, you have obligations, yes. You have obligations that you're 00:29:28.852 --> 00:29:34.046 - committed to. OK. And this obviously does not include the Kinser Pike 00:29:34.754 --> 00:29:41.867 - That is completely separate. That's not in this number. Correct. That's actually in the next page. Right. 00:29:41.867 --> 00:29:48.645 - Yeah, sorry. I know it doesn't show from the top, but that's consolidated allocation area. Yeah. And 00:29:48.645 --> 00:29:55.557 - then the 2519 fund. That's also separate. It's also separate. Yes. That would be the page after Kinser 00:29:55.557 --> 00:30:02.268 - Pike. Based on those two broke up where we got the Kinser Pike and then we got our consolidated TIP 00:30:02.268 --> 00:30:03.006 - area then. 00:30:03.138 --> 00:30:09.107 - Of the consolidated TIF, there's other TIF areas. It's everything that is not North Kins or Pike or 00:30:09.107 --> 00:30:15.255 - Meridian. Is all consolidated, and we don't have allocation based upon what those other TIF areas are. 00:30:15.255 --> 00:30:21.404 - Allocation as in? The old individual TIFs before they were consolidated. What the revenue is that each 00:30:21.404 --> 00:30:27.492 - one of those is collecting accordingly, like the Adams Crossing TIF. We have that, yes we do. So that 00:30:27.492 --> 00:30:30.238 - could be an appendage that could be added to. 00:30:30.370 --> 00:30:36.373 - Yes for informational purposes only not not because of what needs to go into gateway gateway has specific 00:30:36.373 --> 00:30:42.150 - Items that have to be put in yes. Yes, and we can do that if you think about look at this as an Excel 00:30:42.150 --> 00:30:47.814 - It would be like all the way up here is where all those rubies would be calculated I'm just looking 00:30:47.814 --> 00:30:54.270 - at as we put these particular areas and those tip allocation areas where dollars that have been utilized in those 00:30:54.370 --> 00:31:00.723 - TIF areas are. Consolidated TIF was put together years ago for specific reasons to font bond things. 00:31:00.723 --> 00:31:07.076 - So we could get that as an appendage somewhere or? Yes, yeah, of course. We couldn't include that in 00:31:07.076 --> 00:31:13.366 - a separate file just because there's so many. This will make this a much larger document. You could 00:31:13.366 --> 00:31:19.404 - just provide that in some fashion, not in this particular one. Yeah, we can definitely do that. 00:31:19.404 --> 00:31:23.870 - Thank you, Justin. Any other questions? One thing I want to point out. 00:31:24.002 --> 00:31:32.296 - You see that 5.3 million in interest slash miscellaneous revenues, that does include the 4.5 that the 00:31:32.296 --> 00:31:40.833 - trades district plans for. So that won't be 4.5 in 2026 and going forward. That's a one time hit. Unless 00:31:40.833 --> 00:31:49.452 - you sell anything else. Yes. We have some to sell. Any other questions on this page before we keep going? 00:31:49.452 --> 00:31:50.590 - No. No? Okay. 00:31:51.330 --> 00:31:59.683 - Next page is that North Kinser Pike allocation area. We received $91,000 in TEF revenue collections 00:31:59.683 --> 00:32:08.454 - that's expected to stay the same in 2026, and that will be gone after 2026. So you'll see at the bottom, 00:32:08.454 --> 00:32:16.806 - we're looking at 767 by the end of last year. If we add another roughly 90,000 to it, we're at just 00:32:16.806 --> 00:32:21.150 - over $850,000 to spend out of this allocation area. 00:32:26.210 --> 00:32:33.433 - Next one is the Meridian allocation area. We don't have a monthly cash balance page for it because there 00:32:33.433 --> 00:32:40.381 - has been nothing coming into this fund as of 2025 and it doesn't look like there are assessed values 00:32:40.381 --> 00:32:47.328 - in 2026. It is a personal property so we don't get to see that until they show it to us really so if 00:32:47.328 --> 00:32:50.974 - there is anything we will let you all know but as of 00:32:52.322 --> 00:32:58.032 - January or February, there weren't anything, and there were no assessed values in the meridian tip. 00:32:58.032 --> 00:33:03.913 - That says it comes in from the county assessor. Yes, but that is self-reported by the taxpayer. Right. 00:33:03.913 --> 00:33:09.680 - But I mean, it's not something with the information that we generate. We receive it from the county. 00:33:09.680 --> 00:33:15.561 - Correct. So what we do to functionalization is we explicitly remove personal property because we can't 00:33:15.561 --> 00:33:21.214 - neutralize that. That's just what it is. Yes. So when we get into the personal property reporting, 00:33:21.570 --> 00:33:27.862 - basis and Jeff to the fact that the city doesn't have anything in regards to doing that. How do we identify 00:33:27.862 --> 00:33:33.687 - when that personal property will be reported? You mean when we start seeing AV? Yeah, when we start 00:33:33.687 --> 00:33:39.571 - seeing AV and I understand based upon how this spider tiff was put out, you know, the allocations of 00:33:39.571 --> 00:33:45.630 - the dollars will go right back out. But just trying to identify because it's been, what, two years now? 00:33:46.434 --> 00:33:51.351 - You know, I don't know the answer, but I can talk to the assessor tomorrow and try to get an answer. 00:33:51.351 --> 00:33:56.365 - Just trying to identify, because we know that they've got facilities put in, and I think there's still 00:33:56.365 --> 00:34:01.525 - some outstanding issues that we have with Meridian as a community. So try to resolve that. And if there's 00:34:01.525 --> 00:34:06.540 - nothing being paid in, there's, yeah. Right, nothing that goes out. Exactly. But yeah, I will find out 00:34:06.540 --> 00:34:11.651 - from the assessor when we anticipate seeing some. Yeah, personal property, because of the self-reporting 00:34:11.651 --> 00:34:15.838 - situation. I mean, if they don't report it, we don't see it, it doesn't come back in. 00:34:16.642 --> 00:34:23.652 - All right, thank you. Appreciate it. Yeah, so yeah. Once there is any revenues to expand, revenues come 00:34:23.652 --> 00:34:30.865 - in, we'll make sure that that gets updated. 2519, again, not required for the Gateway impulse submissions, 00:34:30.865 --> 00:34:37.133 - but this is the information that we currently have for it. If there's any questions on here, 00:34:37.133 --> 00:34:44.076 - let us know. But this isn't a TIF fund, so it's really different. It's controlled by the REC, but it's 00:34:44.076 --> 00:34:45.694 - not a TIF revenue fund. 00:34:46.114 --> 00:34:53.748 - fairly different from the three other TIF funds that we track for the RDC. When we look at this from 00:34:53.748 --> 00:35:01.307 - a revenue standpoint, the realities of the lease rental revenue is only $491,000 on what we have at 00:35:01.307 --> 00:35:09.470 - the present moment. And then our $5 million is actually the trade's sale. Is that correct in regards to it? 00:35:09.602 --> 00:35:16.078 - Yeah, so we take out the 4.5 in trade sale. We're looking at 500 in interest slash miscellaneous revenues. 00:35:16.078 --> 00:35:22.433 - Now, what are the breakouts, breakdowns of the interest slash miscellaneous? I have to look on the Excel 00:35:22.433 --> 00:35:28.606 - version, but if we take out the sale, we're looking at a million dollars. Okay, so we're in a million 00:35:28.606 --> 00:35:34.780 - without the sale. That's what I was trying to see neutralized, because that's an inter-fund transfer, 00:35:34.780 --> 00:35:39.198 - but that 4.5 went into the consolidated. And that's a one-time infusion. 00:35:39.778 --> 00:35:46.852 - reality where we are, we started at 2.1 and we're at 4 points. So we've got 490,000, so we're a couple 00:35:46.852 --> 00:35:53.927 - hundred thousand in a deficit spend. Yeah, if we look at this as a whole, we could really take, you'll 00:35:53.927 --> 00:36:00.795 - see that inter-fund transfer of $4.5 million. If we remove both of those top and bottom revenue and 00:36:00.795 --> 00:36:08.350 - expenditures, we're still looking at a deficit of about $700,000. So you can just look at that bottom number. 00:36:08.514 --> 00:36:17.780 - because that nets out from the top line and bottom line. Any questions? Next page, debt overview. One 00:36:17.780 --> 00:36:27.047 - of those check boxes that we have to have as part of the report requirement, but again, we track this 00:36:27.047 --> 00:36:36.222 - throughout the year as well, because when we look at the city's reports, we match debt payments with 00:36:36.418 --> 00:36:43.257 - amortization schedule to make sure the city is paying the correct amounts. But the DLGF does require 00:36:43.257 --> 00:36:50.299 - us to input this information on Gateway, all the debts that the RDC are paying, what is the outstanding 00:36:50.299 --> 00:36:57.273 - amount of those debts as of 1-125. So this, we're looking really a year and a half backwards. And then 00:36:57.273 --> 00:37:00.862 - the actual amount that the RDC paid for those bonds. 00:37:04.738 --> 00:37:11.166 - So what I mean by we're looking at a year and a half backwards is, as of 1-1-2025, so the last payment 00:37:11.166 --> 00:37:17.718 - would have been 7-15-2024. So really it's looking at after the July 2024 payment, how much that is still 00:37:17.718 --> 00:37:23.959 - outstanding. So it's significantly less than what is shown here right now. But again, we're looking 00:37:23.959 --> 00:37:30.199 - back. Can we take the refunding amount at the bottom on that? Basically, it's the 27-4-50 minus the 00:37:30.199 --> 00:37:32.446 - 32-40. Three million, 2-40 is 8-75. 00:37:32.930 --> 00:37:40.091 - Yes. Well, not exactly, because a big portion of that is interest. The interest aspect, so. Yes. So 00:37:40.091 --> 00:37:47.396 - for like the 2024, interest might take up more than half of that. The scopes are so early on in that. 00:37:47.396 --> 00:37:54.772 - It goes early on in the bottom. But essentially, we've got 16 years is when everything's going to hit. 00:37:54.772 --> 00:38:01.790 - Yes, and that actually ties up with the exploration of most of the consolidated outpatient areas. 00:38:08.034 --> 00:38:13.867 - No questions here. The rest of the pages are all the parcels in the allocation area. I printed them 00:38:13.867 --> 00:38:19.700 - out. That's why this thing is so thick. But there's nearly 60 pages of parcels. Again, feel free to 00:38:19.700 --> 00:38:25.592 - take a look. Ask us if there are any questions. But we will upload all those parcels onto Gateway as 00:38:25.592 --> 00:38:31.541 - well. There's an upload section for that specifically. So let me ask one question. Just as we look at 00:38:31.541 --> 00:38:33.758 - these from a debt standpoint and then 00:38:34.242 --> 00:38:41.182 - Is there any of them based on what interest and time frame is that you could try to pay ahead or just 00:38:41.182 --> 00:38:47.986 - like the refunding bond we did in order to reduce our interest rate? What's the calculation or time 00:38:47.986 --> 00:38:55.267 - frame we look at what that? So there really isn't a calculation. It's more what is on the bond transcript. 00:38:55.267 --> 00:39:00.574 - So it'll say this bond becomes callable where you could buy back the bonds in 00:39:01.698 --> 00:39:07.307 - let's say 2030, 2036, we'll have to look at the bond transcript for each individual bond to determine 00:39:07.307 --> 00:39:12.807 - that, yeah. From a municipal standpoint, as we retire bonds and we look at the other infrastructure 00:39:12.807 --> 00:39:18.471 - projects that we have to do, how do we calculate? Yeah, we can. Our interest rate environment is super 00:39:18.471 --> 00:39:24.136 - low right now, so that might not be a good idea, just because let's say we do it. What I'm looking for 00:39:24.136 --> 00:39:29.745 - right now, I'm just saying as we move forward with 16 years on those loans. Yeah, we should always be 00:39:29.745 --> 00:39:31.230 - looking for opportunities. 00:39:31.426 --> 00:39:39.641 - to refund when it makes sense. Yeah, when it's beneficial. Well, we'll bring it up to Jeff as well when 00:39:39.641 --> 00:39:44.222 - we see opportunities for interest savings. OK, thank you. 00:39:57.250 --> 00:40:05.461 - a little bit of a lag. This is just basically a list of parcels. As you go through the parcels, when 00:40:05.461 --> 00:40:13.673 - we look at these and you're looking back a year and then we have other properties that are coming on 00:40:13.673 --> 00:40:21.965 - in these consolidated TIF districts, what's our time frame when it starts to hit where you're looking 00:40:21.965 --> 00:40:27.006 - at it from the allocation standpoint just whenever the county 00:40:27.266 --> 00:40:34.781 - distributes accordingly or gives you your report? You understand what I'm trying to say? Because we've 00:40:34.781 --> 00:40:42.078 - got larger projects that we're in arrears always in the state of Indiana on our collection. Are you 00:40:42.078 --> 00:40:49.739 - saying where we'll see the parcels on the parcel list? Yeah, we'll see the parcels that then also create 00:40:49.739 --> 00:40:57.182 - the allocation that goes to the TIF. I'll just use an example of where somebody tears down a existing 00:40:57.570 --> 00:41:03.906 - multifamily and then rebuilds up and it has we increase our increment of course. Is that a one year, 00:41:03.906 --> 00:41:10.681 - two year lag situation before it hits you in a reporting standpoint where we actually are able to calculate 00:41:10.681 --> 00:41:16.766 - that into our financial plan? It's about a year and a half to two years lag so how it works it's 00:41:17.154 --> 00:41:23.553 - it's built, assessed, pay. So if something is built in 2026, it doesn't get assessed till 2027, and 00:41:23.553 --> 00:41:29.952 - then we're paying it in 2028. So if you look at sort of like a developer purchase deal with a bond, 00:41:29.952 --> 00:41:36.991 - we always have like two periods of capitalized interest to make up, to account for the built year assessment, 00:41:36.991 --> 00:41:43.390 - and then we pay. It'd be a two year capitalization time in order to get the revenues there. One and 00:41:43.390 --> 00:41:46.206 - a half to two years, yeah. Okay, thank you. 00:41:53.250 --> 00:42:01.110 - So I guess there really wasn't anything else in the long list of parcels. Anybody have any other questions 00:42:01.110 --> 00:42:08.677 - for me or for Justin? Two quick questions. When we look at this from our standpoint with this, we have 00:42:08.677 --> 00:42:16.023 - to do this in an approval rating. And then after we do this, then we'll start looking at what we're 00:42:16.023 --> 00:42:18.814 - looking to do future-wise, bond-wise. 00:42:19.362 --> 00:42:26.688 - Well, yeah, I mean, we have several bonds, I think, that you've already considered issuing. And so we'll 00:42:26.688 --> 00:42:34.083 - be working with Justin and the team on doing the modeling for that. On how the modeling of the financials 00:42:34.083 --> 00:42:41.129 - will be in regards to that. So is that something in the next three, six months, either? I don't know 00:42:41.129 --> 00:42:48.734 - that the projects are yet to that point of maturity. I think the police station is probably the most urgent. 00:42:48.866 --> 00:42:57.990 - But even that, we don't have a lot of the project details yet. Perfect. Do we need to accept? One other 00:42:57.990 --> 00:43:06.762 - question. So how again should we handle their responsibility for presenting to the city council and 00:43:06.762 --> 00:43:15.974 - to the mayor's office? Did you say just email it or do they actually have to do something on the record? 00:43:15.974 --> 00:43:18.430 - So there's two ways really. 00:43:18.722 --> 00:43:25.291 - If the time allows included in the city council's meeting packets by April 15th or certain units, 00:43:25.291 --> 00:43:32.194 - you know, the timeline doesn't match up, the city council doesn't meet till the end of the month, then 00:43:32.194 --> 00:43:39.098 - we'll just, we just tell our clients, they just email this to the city council and to the mayor. Would 00:43:39.098 --> 00:43:44.862 - you typically send it to the city clerk as the sort of the secretary for the council? 00:43:45.186 --> 00:43:52.190 - Yeah, or really, Jeff could send it out as well. It's really on Jeff's responsibility, technically. 00:43:52.190 --> 00:43:59.403 - All right. Well, as long as they get it, it's OK. Yes, as long as they get it. We're in a little weird 00:43:59.403 --> 00:44:05.846 - position where the city council actually doesn't have any staff right now. Yeah, I remember 00:44:05.846 --> 00:44:12.990 - this conversation. The question I would ask as far as email and coordination, is that something where 00:44:13.122 --> 00:44:19.090 - once we approve and if we approve it moves forward and then would it be something that we would need 00:44:19.090 --> 00:44:25.176 - to present to the council just to there's no legal requirement well i understand yeah i wasn't looking 00:44:25.176 --> 00:44:31.144 - for a legal requirement i was looking for if that's the situation and it would be i don't think i've 00:44:31.144 --> 00:44:37.172 - really presented to the council of city council before no but again not a legal requirement we can if 00:44:37.172 --> 00:44:39.358 - needed but we've never been asked to 00:44:39.458 --> 00:44:47.089 - You would be willing to if it's needed based upon staffing concerns. Or Jeff could do it. I would be 00:44:47.089 --> 00:44:54.719 - happy to. Thank you. But it's good to know what the legal requirements are. Thanks. Yeah. Thank you. 00:44:54.719 --> 00:45:02.350 - Appreciate it, Jesse, very much. And to Laurie's question, do we need a vote to accept this order? I 00:45:02.350 --> 00:45:06.430 - would put it, yeah, I would like that in the minutes. 00:45:06.722 --> 00:45:14.131 - Okay. Just on the record, too. So I will move to accept the Livingston Redevelopment Commission, 00:45:14.131 --> 00:45:21.846 - the report, as presented by a reading financial. I'll second it. Moved and seconded. We'll do a roll 00:45:21.846 --> 00:45:29.636 - call vote. Warren McGrady, approved. Miranda Gaste, yes. Down to West, yes. Sue Scambler, yes. That's 00:45:29.636 --> 00:45:33.150 - four to zero. Thank you. Thank you very much. 00:45:33.378 --> 00:45:40.044 - Quick question, since we're still in the financials. Where does the Housing Development Fund fall into 00:45:40.044 --> 00:45:46.516 - redevelopment? Does it have anything at all in there or not? I'm just curious. It has nothing to do 00:45:46.516 --> 00:45:53.052 - with the redevelopment. OK. It just comes in. It's a city fund. OK. I was just reading through where 00:45:53.052 --> 00:45:59.589 - it previously thinks it was there, and that's been a while. It's not moved. It's moved a little bit, 00:45:59.589 --> 00:46:01.854 - I think. Thank you. Appreciate it. 00:46:04.514 --> 00:46:12.452 - That takes us to new business resolution 2621, or the everyone's really busy resolution. That's exactly 00:46:12.452 --> 00:46:20.618 - right. So who would like to speak to this? I can speak to this. Thanks so much. So staff put this together 00:46:20.618 --> 00:46:28.327 - because we're not sure who's going to be available for the closing on the property that the hotel is 00:46:28.327 --> 00:46:33.822 - going on in the trades district. And so this resolution is short-lived. 00:46:34.114 --> 00:46:42.730 - If you pass it, it will expire March 31st, but it provides the legal authority for the president, vice 00:46:42.730 --> 00:46:51.764 - president, secretary, or as a last resort, the executive director, Anna Kellyanne Hansen, to sign documents 00:46:51.764 --> 00:46:59.710 - for the closing. And so again, it's something in writing that the title company can rely upon. 00:47:00.066 --> 00:47:08.512 - But it's a very simple resolution and very short-lived. So if you have any questions about it, I will 00:47:08.512 --> 00:47:16.875 - be happy to answer. Questions from commissioners? My understanding was that pure development was not 00:47:16.875 --> 00:47:24.990 - part of it at this point. That was a statement and a question. A question, I guess, is a quality. 00:47:25.282 --> 00:47:31.365 - whatever you call it. But originally they were. Yeah, originally they were. I think it's just a whereas. 00:47:31.365 --> 00:47:37.217 - He's just kind of going through the history. He's going the historic. But yeah, my understanding, it 00:47:37.217 --> 00:47:43.301 - came back to us when we did the agreement and that it did not have pure development in that. And I think 00:47:43.301 --> 00:47:49.268 - he's just giving, again, I don't think this whereas has changed anything in the resolutions. He's just 00:47:49.268 --> 00:47:53.150 - factually. Yeah, I'm good with it. I know there was a dispute with 00:47:53.250 --> 00:47:59.627 - development and I didn't want us to get tangled up. Oh I don't think we will be. I mean what are you 00:47:59.627 --> 00:48:05.941 - what is your fear of entanglement? Is there something you're proposing? Well I'm just looking at it 00:48:05.941 --> 00:48:12.381 - from resolution if I mean I guess, I don't know. It just states that we approved it. Yeah we approved 00:48:12.381 --> 00:48:18.884 - it I just yeah we approved it but it's got and there was resolution from two years ago. Right it's the 00:48:18.884 --> 00:48:21.662 - resolution two years ago. Which I think was 00:48:21.890 --> 00:48:29.501 - Are you saying it wasn't passed that way? I think that one was passed that way, but it was also brought 00:48:29.501 --> 00:48:37.551 - up by that AUN was no longer doing it with pure development, and pure development had some issues internally. 00:48:37.551 --> 00:48:45.015 - So when it says resolution 2478, the RDC entered a real estate conveyance and project agreement, that 00:48:45.015 --> 00:48:49.406 - I think is factually correct with AUN and pure development. 00:48:49.602 --> 00:48:57.322 - And then later, you're saying they got it. Well, that one, one of the resolutions that we had to sell 00:48:57.322 --> 00:49:05.042 - the property at that particular time fell off. It aged out. I don't have to ask Mr. Fernandez. So are 00:49:05.042 --> 00:49:12.838 - you saying that you think that whereas is incorrect? I'm just, it's got pure development in there with 00:49:12.838 --> 00:49:18.590 - whereas we approved the letter of intent. Can you pull off resolution 2478? 00:49:19.106 --> 00:49:27.882 - I'm sure that one has it. It's just the following one. So I'm not disputing what resolution 24. Yeah. 00:49:27.882 --> 00:49:36.571 - So he's just kind of going through the history. Yeah. I don't think there's even. So it's OK if they 00:49:36.571 --> 00:49:45.175 - fell off. For resolution 2478, I think they were on it. Almost there. Yeah. They probably were. I'm 00:49:45.175 --> 00:49:47.326 - sure they probably were. 00:49:47.522 --> 00:49:53.140 - Afterwards, the people we were actually selling it to was not including Pure Development because... 00:49:53.140 --> 00:49:58.758 - Right, it says the closing did not take place and then there was a new agreement. Right. Yeah, so I 00:49:58.758 --> 00:50:04.601 - think he's just actually going through the history. So, yeah, we're just approving who's going to sign. 00:50:04.601 --> 00:50:10.387 - Yeah, yeah, this is not... The whereas's are also not binding, they're just providing the history. No, 00:50:10.387 --> 00:50:16.286 - we're looking at the therefore be it resolved. Yeah, you're looking at paragraphs one, two, three, four. 00:50:16.706 --> 00:50:23.496 - Okay. Because those were razors are factually correct, I believe. Right. I just want to bring it up. 00:50:23.496 --> 00:50:30.219 - If you saw peer development in 1, 2, 3, and 4, you should raise a red flag, but I think we're good. 00:50:30.219 --> 00:50:37.546 - Because all 1, 2, 3, and 4 says that, you know, the RDC reaffirms its commitment to do the project agreement 00:50:37.546 --> 00:50:38.622 - with ALUN only. 00:50:38.786 --> 00:50:45.313 - And then has the whereas is have no bearing in regards to the lead anything that would come back from 00:50:45.313 --> 00:50:52.096 - a legal standpoint. No, they're not. They're not. I mean, and they are accurate. Yeah. So I think they're 00:50:52.096 --> 00:50:58.495 - fine. OK, so yeah. All right. Thank you. Additional questions. Yeah. Have you given yourself enough 00:50:58.495 --> 00:51:04.958 - time, as far as 31st, the deadline that you think we're going to be able to live with? Yeah. Because 00:51:04.958 --> 00:51:07.838 - if you don't have to come and do this again, 00:51:08.322 --> 00:51:15.813 - You know, I certainly would not be opposed to if you wanted to give it another two weeks in case there's 00:51:15.813 --> 00:51:23.018 - a hiccup. I don't expect any hiccups. But you've probably gone around this block a lot of times. And 00:51:23.018 --> 00:51:30.223 - you realize that the best laid plans might. So if you guys want to, if you want to, what's your next 00:51:30.223 --> 00:51:38.142 - meeting after this one? We don't have another one in March. It would be like April. The first Monday in April. 00:51:38.306 --> 00:51:56.177 - April 6th. Yeah, so if you want to change 4 to say, you know, a couple days after that, let's say April 00:51:56.177 --> 00:52:07.518 - 10th. That'd be fine with me. I'll make it one day is April 10th. 00:52:10.050 --> 00:52:21.950 - Yeah, okay. I'll make a motion to amend the resolution to April 10th. I'll second. So it would read 00:52:21.950 --> 00:52:34.326 - how? So it would that April 31st date would say the authorization and appointment shall expire on April 00:52:34.326 --> 00:52:37.182 - 30th. April 10th, 2026. 00:52:37.986 --> 00:52:44.601 - So there are some extra words in there anyway. Okay, is there a second for the John seconded, I believe? 00:52:44.601 --> 00:52:51.404 - Yeah, I did. All right, we'll take a roll call vote. Laurie McRobbie, yes. Randy Cass. Yeah, Randy Cassidy, 00:52:51.404 --> 00:52:57.767 - yes, is amended. We're just voting on the amendment. Oh, sorry. We're voting on the amendment, yeah. 00:52:57.767 --> 00:53:04.382 - Randy Cassidy, yes. Laurie McRobbie, yes. Yes, for the amendment. Cease Gambler, yes, for the amendment. 00:53:06.882 --> 00:53:14.638 - Okay, so that passes. So we now have an amended resolution 2621 before us. And line four now reads, 00:53:14.638 --> 00:53:22.626 - this authorization and appointment shall expire on April 10, 2026. Okay. Are there any other questions 00:53:22.626 --> 00:53:30.614 - from commissioners before we go to public comment? Okay. Is there any seeing none? Is there any public 00:53:30.614 --> 00:53:33.406 - comment either in person or online? 00:53:35.970 --> 00:53:44.232 - Seeing none, let's come back to commissioners. Is there a motion to approve? Move approval of resolution 00:53:44.232 --> 00:53:52.652 - 2621 as amended. Second. Second. It's been moved and seconded. We'll take a roll call vote. Lori McRobbie, 00:53:52.652 --> 00:54:01.150 - yes. Brandi Cassidy, yes. John West, yes. Sue Scambaleri, yes. That's four to zero. Thank you. That passes. 00:54:04.194 --> 00:54:12.006 - Is there any additional business we need to think about? Okay. Is there a motion to adjourn? So moved. 00:54:12.006 --> 00:54:16.254 - Thank you and thank you. We're off. Thank you everyone.