WEBVTT 00:00:00.000 --> 00:00:03.860 - Okay, all right, let's go ahead and start 00:00:03.860 --> 00:00:08.760 - Okay 00:00:08.760 --> 00:00:13.220 - Okay, so are we ready to roll yeah, you want me to take a roll call. Yeah, let's go do a roll call 00:00:13.220 --> 00:00:15.740 - All right, Commissioner Martin 00:00:15.740 --> 00:00:18.760 - President 00:00:18.760 --> 00:00:25.160 - Mr. Cassidy present Commissioner Kiesling here. Commissioner McCarty here Commissioner Jones 00:00:26.800 --> 00:00:30.640 - We and Commissioner Tucker indicated to me he was not going to be able to make it tonight 00:00:30.640 --> 00:00:34.800 - So we have all five voting members of the Redevelopment Commission present at this meeting 00:00:34.800 --> 00:00:36.080 - outstanding 00:00:36.080 --> 00:00:43.120 - Okay, please note who else is here like City Council and BDC. Oh, yes 00:00:43.120 --> 00:00:48.760 - County County Council County Council Councilman Fido was here 00:00:49.720 --> 00:00:56.040 - Jen pro from the BDC is here and Ashley from the auditor's office as well as Lisa Ridge and myself 00:00:56.040 --> 00:00:57.720 - Jeff Cockrell. Yeah 00:00:57.720 --> 00:01:04.800 - I just find it easier if we put put people's names down for who is here so we can go back and talk 00:01:04.800 --> 00:01:05.280 - to them later 00:01:05.280 --> 00:01:08.820 - If we need to or want to all right 00:01:08.820 --> 00:01:12.520 - That's okay. We have the professor and Marianne 00:01:12.520 --> 00:01:17.760 - Okay, all right, so we ready to 00:01:18.720 --> 00:01:20.720 - Move forward then 00:01:20.720 --> 00:01:26.600 - Should have received four different resolutions one for each of our 00:01:26.600 --> 00:01:29.360 - tax increment finance districts 00:01:29.360 --> 00:01:34.120 - And they're also in the packet. I did prepare a kind of a quick presentation 00:01:34.120 --> 00:01:37.840 - To kind of just go through I did the 00:01:37.840 --> 00:01:44.880 - The question is whether there is any excess assessed value in any of these TIF districts 00:01:45.240 --> 00:01:50.310 - That pretty much means do we think we have too much funding coming in to cover what we're what's 00:01:50.310 --> 00:01:50.960 - necessary 00:01:50.960 --> 00:01:54.540 - These are state required findings 00:01:54.540 --> 00:01:57.440 - so we do this annually I 00:01:57.440 --> 00:02:00.480 - guess in 00:02:00.480 --> 00:02:05.680 - The history of this we've never found that there was excess assessed value 00:02:05.680 --> 00:02:10.870 - But I'm going to kind of go through a lot of this information is directly from our last meeting and 00:02:10.870 --> 00:02:11.880 - our annual report 00:02:11.880 --> 00:02:15.320 - so I don't think any of this will be earth-shattering, but I thought it would be great to have a 00:02:15.320 --> 00:02:21.400 - Kind of a little presentation. Okay, Jeff, would you walk us through briefly the that definition of 00:02:21.400 --> 00:02:22.600 - excess value? 00:02:22.600 --> 00:02:29.430 - Excess assessed value, so excess assessed assessed value assessed value as you right. I think 00:02:29.430 --> 00:02:30.460 - everybody knows is 00:02:30.460 --> 00:02:34.840 - What we base tax bills on and your homes assessed value 00:02:34.840 --> 00:02:38.640 - And there is a tax rate associated with that and then that tax rate 00:02:39.000 --> 00:02:43.620 - multiplied the assessed value and I'm simplifying it because there's homestead credits and there's 00:02:43.620 --> 00:02:45.760 - all kinds of there's tax payments and they're all kind of 00:02:45.760 --> 00:02:52.130 - Things that can affect that but primarily that assessed value multiplied by your tax rate is your 00:02:52.130 --> 00:02:52.640 - tax bill 00:02:52.640 --> 00:02:59.080 - And so the TIF districts as a whole have an assessed value where you add up all the assessed 00:02:59.080 --> 00:03:04.480 - Values of each individual parcel and that would be the TIF districts assessed value 00:03:04.480 --> 00:03:09.720 - mm-hmm, and then that gets calculated into a tax rate and then that is the 00:03:09.720 --> 00:03:15.130 - Gets on the tax bills and when they're paid collected the TIF district gets the portion of it that 00:03:15.130 --> 00:03:16.340 - belongs to the TIF district 00:03:16.340 --> 00:03:22.620 - So then the excess yeah an excess assessed value would be if you find that hey that 00:03:22.620 --> 00:03:27.020 - Revenue is more than we need to do our operations in our business 00:03:27.020 --> 00:03:32.000 - so we're collecting more than we want and so instead of collecting it and having the 00:03:32.680 --> 00:03:35.080 - Redevelopment Commission and the TIF district kind of hold money 00:03:35.080 --> 00:03:40.340 - They don't need the state has a mechanism where the the redevelopment Commission say hey, we don't 00:03:40.340 --> 00:03:40.920 - need this 00:03:40.920 --> 00:03:43.800 - extra assessed value 00:03:43.800 --> 00:03:46.800 - please put it back and I think they they term it that way so that 00:03:46.800 --> 00:03:52.390 - You know, you can't say we don't need the excess value and it just goes to the county or to a township 00:03:52.390 --> 00:03:52.960 - or anything 00:03:52.960 --> 00:03:57.960 - It would get distributed as as a property tax for for that area would be 00:03:57.960 --> 00:04:00.480 - Westside TIF district for instance is 00:04:01.240 --> 00:04:05.400 - Mostly in Richland Township. So Richland so it would have all those different 00:04:05.400 --> 00:04:10.440 - tax rates associated with a piece of property in Richland Township and 00:04:10.440 --> 00:04:13.000 - So it would get distributed that way 00:04:13.000 --> 00:04:18.520 - Okay. Thank you. Thank you. I just wanted to yeah good background 00:04:18.520 --> 00:04:23.000 - But the excess is something that hard for me to get my head around even after a couple years 00:04:23.000 --> 00:04:25.080 - But thank you to be sure. Yes 00:04:26.880 --> 00:04:32.360 - Want me to get on a soapbox. I will tell you that in the next couple years after Senate bill one 00:04:32.360 --> 00:04:38.180 - I think there's going to be a lot of places in Indiana that are going to have to look at redeveloped 00:04:38.180 --> 00:04:39.320 - commissions and this 00:04:39.320 --> 00:04:42.520 - Excess excess value question. Yes 00:04:42.520 --> 00:04:47.680 - I think that I think I think this whole process is going to gain an importance in the next five 00:04:47.680 --> 00:04:49.800 - years that I don't think a 00:04:49.800 --> 00:04:55.340 - Lot of us ever thought it would I have never read a fiscal note on a bill so many times 00:04:55.960 --> 00:04:57.960 - until this 00:04:57.960 --> 00:05:00.720 - Thank you 00:05:00.720 --> 00:05:03.440 - So I'm gonna go through the resolution 00:05:03.440 --> 00:05:06.560 - 2025 1 and it's can you go to the next page on? 00:05:06.560 --> 00:05:10.000 - 20 is for the Westside TIF district 00:05:10.000 --> 00:05:15.530 - At the beginning of the year, we had a cash balance of three hundred and forty seven thousand three 00:05:15.530 --> 00:05:16.800 - hundred and sixteen dollars 00:05:16.800 --> 00:05:21.480 - as you probably are where we've we've spent some of that in 00:05:22.520 --> 00:05:26.720 - the stem steam payment to the RVB schools and 00:05:26.720 --> 00:05:32.860 - I think I actually I think that one may be the one that the auditor picked up and we're going to 00:05:32.860 --> 00:05:33.640 - have to correct 00:05:33.640 --> 00:05:39.960 - After July 1 we have made a payment on one of the firetruck for Ellisville out of there 00:05:39.960 --> 00:05:42.600 - So that that number is reduced from that amount 00:05:42.600 --> 00:05:45.240 - as of today 00:05:45.240 --> 00:05:50.640 - The recommended minimum cash balance in that fund is a million dollars. I think I think 00:05:51.480 --> 00:05:57.680 - everybody on the RDC except for maybe mr. Jones understands what we went through last year with the 00:05:57.680 --> 00:06:00.320 - vernal bike connector 00:06:00.320 --> 00:06:06.650 - Road and the the the grant funding and the need to pay the upfront amount for that grant funding 00:06:06.650 --> 00:06:07.920 - that occurred last year 00:06:07.920 --> 00:06:13.440 - So this was kind of an anticipated low point for the for the Redevelopment Commission 00:06:13.440 --> 00:06:19.620 - And we believe by the end of this year. We should be back close to that million dollar figure for 00:06:19.620 --> 00:06:20.840 - our minimum cash balance 00:06:21.080 --> 00:06:23.080 - so 00:06:23.080 --> 00:06:28.600 - When we talk to the financial solutions group they get they're the ones the financial advisors who 00:06:28.600 --> 00:06:31.040 - do our presentation of our annual reports 00:06:31.040 --> 00:06:36.820 - They advised a recommended and recommended a finding of no excess SS value 00:06:36.820 --> 00:06:40.880 - Misspelled assessed on this I 00:06:40.880 --> 00:06:44.120 - Apologize 00:06:44.120 --> 00:06:48.920 - So let's go on to the next page and you'll see that error throughout this presentation 00:06:49.560 --> 00:06:55.800 - And and this is just kind of the budget that we approved with the west side TIF district 00:06:55.800 --> 00:07:01.440 - This one's a little bit more complicated than than the rest of the the TIF district 00:07:01.440 --> 00:07:05.680 - So I just wanted to show you kind of what we expect our expenditures over the next five years 00:07:05.680 --> 00:07:10.100 - You'll see we have kind of reoccurring payments to 00:07:10.100 --> 00:07:16.640 - Richland being blossom school for the stem project of two hundred and seventy thousand a year 00:07:17.240 --> 00:07:22.000 - The else of a fire truck of just under five hundred thousand a year and then we've got some 00:07:22.000 --> 00:07:28.100 - Curry Pike reconstruction and some other projects thrown in there, but kind of those are the two 00:07:28.100 --> 00:07:32.960 - Kind of reoccurring one. The rest of them are a project by project and they will come and go 00:07:32.960 --> 00:07:35.880 - on an annual basis 00:07:35.880 --> 00:07:42.290 - Well, I guess you want to take questions by district or you want me to just go through them all and 00:07:42.290 --> 00:07:43.560 - then ask questions at the end 00:07:45.320 --> 00:07:50.200 - Some well, let's go through it by district instead of going all the way back 00:07:50.200 --> 00:07:55.720 - After we're done. So let's so if anybody has any questions regarding this one 00:07:55.720 --> 00:07:59.720 - When we're looking at our overall fiscal amount for the Westside TIF 00:07:59.720 --> 00:08:04.200 - We want to get up to a million dollars based upon where we are as far as our fiscal 00:08:04.200 --> 00:08:09.280 - Plan through 2029. Will we be able to hit that based on what we see from? 00:08:09.280 --> 00:08:13.360 - Excess value 00:08:13.840 --> 00:08:17.120 - To maintain that I think we'll be in good shape until 00:08:17.120 --> 00:08:24.030 - 2028 and in 2028 we get about three and a half million dollars in projects that TIF district 00:08:24.030 --> 00:08:24.800 - generally 00:08:24.800 --> 00:08:30.680 - Collects about two million a year. So for this year, you know, we're low but we only have about a 00:08:30.680 --> 00:08:31.760 - million in expenditure 00:08:31.760 --> 00:08:35.200 - So we expect to be up to a million at the at the end of this year 00:08:35.200 --> 00:08:40.800 - The next two years it looks like we'll probably grow that fund by about five hundred thousand a 00:08:40.800 --> 00:08:41.040 - year 00:08:42.240 --> 00:08:47.640 - So but then in 28 we have three and a half million dollars projects not doing the math off the top 00:08:47.640 --> 00:08:48.280 - of my head 00:08:48.280 --> 00:08:51.760 - I think that comes to real close to getting us back down to that million dollar figure 00:08:51.760 --> 00:08:54.400 - but 00:08:54.400 --> 00:08:56.400 - Should be able to maintain that 00:08:56.400 --> 00:09:02.010 - That a situation as we look from project to project that we have to look based on SB 1 and where we 00:09:02.010 --> 00:09:03.080 - look fiscally in 00:09:03.080 --> 00:09:05.080 - The next few years that we have to potentially 00:09:05.080 --> 00:09:10.620 - Trim the projects that we have on big or will that be something will be be able to be determined 00:09:10.620 --> 00:09:11.820 - based on what our fiscal 00:09:11.940 --> 00:09:17.240 - Well, I think there's two things as a factor in here and when we get to the Curry Pike 00:09:17.240 --> 00:09:23.060 - District one of the things where we've discussed and discussed at the last meeting is maybe adding 00:09:23.060 --> 00:09:24.460 - some of the Curry Pike 00:09:24.460 --> 00:09:28.020 - Reconstruction project to that TIF district 00:09:28.020 --> 00:09:34.300 - That isn't generating a lot of revenue at this point. Maybe in a couple years it might be 00:09:34.300 --> 00:09:41.140 - But that would be one option and I think the other option is that you know for the 00:09:41.500 --> 00:09:44.220 - Kind of other than number three and number four on this list 00:09:44.220 --> 00:09:50.820 - I mean that those projects aren't set in stone as there's no federal grant funding that that is 00:09:50.820 --> 00:09:54.700 - Dictating that schedule that schedules more dictated by what? 00:09:54.700 --> 00:09:57.700 - revenues to do and I think 00:09:57.700 --> 00:10:03.390 - Lisa always is good at finding one extra revenue and two she's got a couple other funds that if we 00:10:03.390 --> 00:10:04.020 - get close 00:10:04.020 --> 00:10:06.620 - could help support these projects and 00:10:07.340 --> 00:10:12.100 - Based on where we're setting out on this fund of the prairie prairie reconstruction on a three-year 00:10:12.100 --> 00:10:12.980 - basis that 00:10:12.980 --> 00:10:19.060 - Fulfills the needs of the community and the schedule for the highway to be complete in the time 00:10:19.060 --> 00:10:19.540 - frames 00:10:19.540 --> 00:10:24.540 - That'll get us on a cycle where we're not basically the roads degrading to a point 00:10:24.540 --> 00:10:32.380 - Now then making it happen over the next three years keeps it in the shape that it's 00:10:32.380 --> 00:10:35.460 - Doesn't get to a point that it's devastated 00:10:36.220 --> 00:10:38.220 - And that's what we're trying to stay ahead of it 00:10:38.220 --> 00:10:43.360 - Kind of stay ahead of the game one. We'll probably start doing a little bit of engineering 00:10:43.360 --> 00:10:47.180 - I had budgeted I believe two hundred thousand in the budget already in 2025 00:10:47.180 --> 00:10:51.860 - Start to do just a little bit to make sure that we reconstruct it correctly 00:10:51.860 --> 00:10:56.260 - We got a lot of stormwater infrastructure there in that first section 00:10:56.260 --> 00:11:02.420 - We should have the plans and everything when we built curry pike, I think it was we did I was 00:11:02.420 --> 00:11:03.300 - looking at old files 00:11:03.300 --> 00:11:06.500 - I think we did the groundbreaking 90 or 92 00:11:06.500 --> 00:11:09.540 - first phase of curry pike 00:11:09.540 --> 00:11:15.280 - so it's it it's at the end of its lifecycle for the amount of traffic that it takes and 00:11:15.280 --> 00:11:20.020 - You know, there's inflation out there that's hit a lot of the project 00:11:20.020 --> 00:11:25.580 - So we did this as current as we could on the cost of what our projects are costing right now 00:11:25.580 --> 00:11:31.020 - So and if we have to break it down into another segment to help make the need we can do that 00:11:31.020 --> 00:11:35.180 - We're just trying to cautiously move forward so we can get the TIF back into 00:11:35.180 --> 00:11:38.020 - Where it needs to be with the million-dollar balance 00:11:38.020 --> 00:11:43.060 - Leading up to this year this past year. We knew we were going to be close 00:11:43.060 --> 00:11:49.060 - I think we kind of almost took the gamble of not bonding because we really didn't want to 00:11:49.060 --> 00:11:54.100 - And then we had my local road and street budget to kind of back it up and it has a little bit 00:11:54.100 --> 00:11:59.260 - I think there's some that'll come back to it after we get distribution and make the corrections. I 00:11:59.260 --> 00:12:00.060 - think there was 00:12:00.700 --> 00:12:07.020 - a bond payment or something that was supposed to be paid out of the bonds and they were paid out of 00:12:07.020 --> 00:12:08.300 - the West type TIF and 00:12:08.300 --> 00:12:10.860 - So those adjustments will come this year 00:12:10.860 --> 00:12:13.140 - but I 00:12:13.140 --> 00:12:15.060 - Think you'll get back to your 00:12:15.060 --> 00:12:16.860 - Your million to where you need to be 00:12:16.860 --> 00:12:21.700 - Back to me where we are and still have the funding and the time frame in in order to get our public 00:12:21.700 --> 00:12:22.300 - infrastructure 00:12:22.300 --> 00:12:26.250 - All right, and we're not sure what will happen with Depmer, you know the trail we would love to 00:12:26.250 --> 00:12:26.860 - finish that 00:12:27.780 --> 00:12:33.140 - In 2016 that little piece was estimated at five hundred thousand as you can see it's now at a 00:12:33.140 --> 00:12:34.700 - construction of 1.8 00:12:34.700 --> 00:12:37.820 - so that's just 00:12:37.820 --> 00:12:40.980 - We just don't have the funding at this time to really 00:12:40.980 --> 00:12:46.500 - Set aside for that. So thank you. Appreciate it. Richard. Did you have anything? 00:12:46.500 --> 00:12:55.540 - Yes, are we going to have any more expenses this year for the the bridge project over the railroad 00:12:55.820 --> 00:12:59.060 - Whereas all that been now paid prepaid, etc 00:12:59.060 --> 00:13:07.320 - So as of right now the deck was poured this week. So we are still looking at mid-august completion. 00:13:07.320 --> 00:13:07.380 - I 00:13:07.380 --> 00:13:10.380 - Do not have any outstanding change orders 00:13:10.380 --> 00:13:14.800 - We paid our construction match when it started 00:13:14.800 --> 00:13:17.940 - We have paid anything that's not 00:13:17.940 --> 00:13:23.890 - Provided by the grant. We've paid that either out of what was appropriated already in the West Side 00:13:23.890 --> 00:13:24.540 - Tiff or 00:13:25.500 --> 00:13:28.460 - Again, we've used a little bit of local road and street money 00:13:28.460 --> 00:13:32.820 - So at this time I do not have any 00:13:32.820 --> 00:13:37.260 - Extra expense on that product. What about inspection? 00:13:37.260 --> 00:13:40.380 - construction inspection we're still 00:13:40.380 --> 00:13:44.860 - Under we're still within our budget on that within the contract 00:13:44.860 --> 00:13:49.060 - Let me think that one got 00:13:51.220 --> 00:13:55.380 - That one the construction inspection on that is not 00:13:55.380 --> 00:14:00.060 - reimbursed, I don't think that was covered by a grant, but we appropriated but 00:14:00.060 --> 00:14:03.660 - We said 00:14:03.660 --> 00:14:08.890 - Indicated we were going to have to pay that okay. That's what I'm thinking because I have Fullerton 00:14:08.890 --> 00:14:10.240 - Pike going on at the same time 00:14:10.240 --> 00:14:12.140 - but we 00:14:12.140 --> 00:14:14.140 - appropriated enough for 00:14:14.140 --> 00:14:19.180 - That line to be paying for construction inspection services out of the West Side Tiff that was 00:14:19.180 --> 00:14:20.520 - already appropriated 00:14:20.800 --> 00:14:22.800 - Okay 00:14:22.800 --> 00:14:27.120 - Okay, thank you a 00:14:27.120 --> 00:14:31.600 - Quick question on 00:14:31.600 --> 00:14:37.720 - The trail and curry pike are those included in the let's say the transportation improvement plan? 00:14:37.720 --> 00:14:43.040 - Or is that when you look ahead is that something that's already on the future project? 00:14:43.040 --> 00:14:48.560 - So curry is that part of they are not in they're not in the tip. Is that what you're asking? Yeah 00:14:48.560 --> 00:14:52.880 - Yeah, no the the projects that we put in the tip 00:14:52.880 --> 00:15:00.560 - run through the MPO and then they get later put into the step when it's federally funded so then 00:15:00.560 --> 00:15:01.760 - that so you're at the 00:15:01.760 --> 00:15:05.940 - Lower level of the say the local transportation improvement program 00:15:05.940 --> 00:15:11.380 - Any of those run through our MPO? Okay, anything outside of that would run 00:15:11.380 --> 00:15:17.840 - If it's not within the NPO just go straight into the step if it's federally funded 00:15:18.840 --> 00:15:23.560 - And that but that's true of all tiff district 00:15:23.560 --> 00:15:30.230 - Road improvement or street only if you're dealing with federal funds is it going to go into a tip? 00:15:30.230 --> 00:15:31.840 - Okay, or the step? 00:15:31.840 --> 00:15:34.840 - anything that's 00:15:34.840 --> 00:15:39.930 - Locally funded we have a couple bridge projects that we don't have federal funds for it does not go 00:15:39.930 --> 00:15:40.520 - into any 00:15:40.520 --> 00:15:43.760 - tip or any step, okay 00:15:44.560 --> 00:15:49.140 - Thank you. That helps. Okay. Any other questions on the West Side? 00:15:49.140 --> 00:15:54.040 - We're gonna deal with these one at a time you want a motion for each one then 00:15:54.040 --> 00:15:56.320 - Jeff I 00:15:56.320 --> 00:16:00.350 - Think you could do a motion after each one if that's how we're going to do the discussion that 00:16:00.350 --> 00:16:01.240 - would make the most sense 00:16:01.240 --> 00:16:06.800 - So like to entertain a motion then for approval the West Side tips 00:16:06.800 --> 00:16:10.680 - Make a motion that we prove resolution number 00:16:10.680 --> 00:16:13.600 - 20 to 25 - oh one 00:16:14.160 --> 00:16:15.880 - I 00:16:15.880 --> 00:16:17.880 - Second and most has been cited 00:16:17.880 --> 00:16:21.800 - This cock will call rule. Mr. Martin 00:16:21.800 --> 00:16:24.480 - Yes 00:16:24.480 --> 00:16:26.480 - Commissioner Cassidy. Yes 00:16:26.480 --> 00:16:30.920 - Commissioner Kiesling. Yes, Mr. McCarty. Yes, Commissioner Jones 00:16:30.920 --> 00:16:35.760 - Motion is approved five to zero. All right State Road 46 00:16:35.760 --> 00:16:41.920 - State Road 46 00:16:41.920 --> 00:16:47.920 - This is the one where we are currently have a bond outstanding was issued in 2021 00:16:47.920 --> 00:16:56.140 - For the connection from State Road six or 46 to Arlington Drive based over the Hunter Valley. I 00:16:56.140 --> 00:17:02.120 - Guess the gravel honey Hunter Valley Road was going to be there's going to be a bridge there and 00:17:02.120 --> 00:17:02.460 - then that 00:17:02.460 --> 00:17:04.600 - gravel part was going to be converted into 00:17:04.600 --> 00:17:10.320 - basically the same style of road that goes up to that to Stout's Creek and so 00:17:10.960 --> 00:17:14.820 - That bond has not been really utilized yet 00:17:14.820 --> 00:17:20.170 - Although I will tell you today in my staff comment that I just got something this afternoon where 00:17:20.170 --> 00:17:21.880 - they're starting to ask for 00:17:21.880 --> 00:17:27.640 - reimbursements for funding that we'll look at at the next meeting but it's anticipated that that 00:17:27.640 --> 00:17:30.120 - roadway will hopefully be either complete 00:17:30.120 --> 00:17:33.320 - hopefully be completed this year depending on the 00:17:33.320 --> 00:17:37.320 - Nomar 00:17:37.800 --> 00:17:41.680 - Lomar, excuse me Lomar. They that sometimes the acronym is get too much 00:17:41.680 --> 00:17:47.040 - But that is an estimated to be a four and a half million dollar road project 00:17:47.040 --> 00:17:53.290 - The cash flow based upon the current assessed values in that TIF district will not cover a hundred 00:17:53.290 --> 00:17:55.280 - percent of that at this point 00:17:55.280 --> 00:17:58.600 - It's anticipated or it's hoped that something 00:17:58.600 --> 00:18:03.600 - Some of a business or two will move into that area and then that will give us adequate revenue to 00:18:03.600 --> 00:18:06.040 - cover those debt payments 00:18:06.440 --> 00:18:10.980 - With the with the caveat that if they're not covered, then they're the developers responsibility to 00:18:10.980 --> 00:18:13.520 - pay back. It doesn't go to any kind of 00:18:13.520 --> 00:18:16.720 - property act back backed 00:18:16.720 --> 00:18:18.840 - financing 00:18:18.840 --> 00:18:25.800 - And again the financial solutions group advised that there was no excess assessed value at the last 00:18:25.800 --> 00:18:26.400 - meeting 00:18:31.440 --> 00:18:37.340 - Any any questions on just a bit just to verify from the general public in regards to it 00:18:37.340 --> 00:18:41.270 - It's a four and a half million dollar project. There's been four and a half million dollars worth 00:18:41.270 --> 00:18:43.660 - of bonds that have been drawn on it and it's 00:18:43.660 --> 00:18:48.120 - Yeah, it's four and a half million dollars of bonding funder available to them 00:18:48.120 --> 00:18:53.520 - They do not draw on those bonds until they've done some work and paid some bills 00:18:53.520 --> 00:18:56.640 - As soon as that starts getting drawn down 00:18:57.320 --> 00:19:02.400 - That's projected that there won't be enough revenue to cover that construction cost 00:19:02.400 --> 00:19:09.140 - There won't be enough revenue to cover the repayment of those bonds without additional 00:19:09.140 --> 00:19:16.530 - Assessed value being added to that which this road project is expected to to add that to add the 00:19:16.530 --> 00:19:17.320 - additional 00:19:17.320 --> 00:19:20.000 - development that will create excess 00:19:20.480 --> 00:19:27.320 - Revenue into the bond but the county as a whole and the taxpayers don't have any liability for 00:19:27.320 --> 00:19:28.420 - additional repayment 00:19:28.420 --> 00:19:33.100 - Correct. The the only thing that's pledged to that is the revenues from this district 00:19:33.100 --> 00:19:38.500 - That's this district develops. It will get more but a significant portion of the district has been 00:19:38.500 --> 00:19:40.820 - taken out and will now be into non-taxable 00:19:40.820 --> 00:19:44.160 - Area, okay 00:19:44.160 --> 00:19:47.740 - Jeff this resolution is what number I don't have it 00:19:48.760 --> 00:19:52.000 - 502 oh - okay should be in the packet behind 00:19:52.000 --> 00:19:54.640 - I know I see it but it is 00:19:54.640 --> 00:19:58.080 - Mixed up already. I 00:19:58.080 --> 00:20:02.160 - Got it run front of me now and in looking at 00:20:02.160 --> 00:20:05.840 - At those revenues future revenues 00:20:05.840 --> 00:20:09.280 - This is where the 00:20:09.280 --> 00:20:11.480 - the complexity comes in 00:20:11.480 --> 00:20:14.480 - Because there's going to be a county government center 00:20:14.480 --> 00:20:17.240 - located within that district 00:20:18.240 --> 00:20:22.360 - And I think to you know kind of latch on to Randy's point 00:20:22.360 --> 00:20:26.160 - Then how 00:20:26.160 --> 00:20:33.620 - It's probably a crystal ball, but but how do we have a sense of how this is going to impact that 00:20:33.620 --> 00:20:41.620 - That payment of that bond if a considerable amount of assessed value which 00:20:41.620 --> 00:20:46.640 - You know, the value is grown exponentially once the deal is closed 00:20:47.640 --> 00:20:49.320 - You 00:20:49.320 --> 00:20:54.680 - Know, how do we cover that? I guess that's the or is it something we need to worry about 00:20:54.680 --> 00:20:59.120 - Why I guess I guess I don't want to tell you not to worry 00:20:59.120 --> 00:21:04.760 - I mean, it's good to talk about worry is kind of 00:21:04.760 --> 00:21:08.960 - in my mind a little misplaced of a word because 00:21:08.960 --> 00:21:12.200 - It doesn't it's not going to cost 00:21:12.200 --> 00:21:16.280 - The Redevelopment Commission any more than they receive in revenue 00:21:16.680 --> 00:21:21.040 - It's not going to cost taxpayers outside that district any more than 00:21:21.040 --> 00:21:25.440 - Other than what the Redevelopment Commission collects in the increment 00:21:25.440 --> 00:21:31.280 - The developer is also the property owner who who is selling the property 00:21:31.280 --> 00:21:35.120 - and then and finally, I think 00:21:35.120 --> 00:21:38.240 - Right now there is no 00:21:38.240 --> 00:21:42.920 - Improvements on the property and there haven't been any improvements on the property since this 00:21:42.920 --> 00:21:44.200 - district was founded in 00:21:45.480 --> 00:21:51.720 - 2006 ish, so it's it's been out a while and it hadn't grown naturally so 00:21:51.720 --> 00:21:59.460 - This district if my memory is correct ends around 2030. Mm-hmm. And so it's you know 00:21:59.460 --> 00:22:02.040 - It's really time to get something 00:22:02.040 --> 00:22:06.840 - Going there now. Now there is you mean it's not 00:22:06.840 --> 00:22:13.400 - Incorrect to say that the the county's use of that property for a tax-exempt purpose 00:22:15.240 --> 00:22:20.750 - Takes that property out of the pool of properties that would be available to have developed and 00:22:20.750 --> 00:22:22.200 - increased the increment 00:22:22.200 --> 00:22:28.820 - That's not an incorrect thing to say either. Yeah. Yeah, and I think that's the concern. Yeah 00:22:28.820 --> 00:22:37.170 - Or me the last question I doubt if we have that particular is based upon the total acreage that we 00:22:37.170 --> 00:22:38.920 - have and we're looking at increased 00:22:39.440 --> 00:22:44.870 - Assessed value by bringing businesses in or anything that has a taxable base that can be paid after 00:22:44.870 --> 00:22:47.200 - we take out the government 00:22:47.200 --> 00:22:52.940 - Center and the correctional facility how many acres is actually left over that will have you know 00:22:52.940 --> 00:22:58.080 - Approximately four years before this to district sunsets that could potentially 00:22:58.080 --> 00:23:00.120 - increase 00:23:00.120 --> 00:23:02.120 - tax base I 00:23:02.120 --> 00:23:05.560 - Do not know that answer off the top of my head I 00:23:06.520 --> 00:23:13.270 - would guess that if you're including the area the county bought for the quarry park, which in my 00:23:13.270 --> 00:23:14.080 - mind is 00:23:14.080 --> 00:23:20.400 - Not really developable. Maybe you could argue 2020 25 acres of it is though 00:23:20.400 --> 00:23:23.400 - because it doesn't 00:23:23.400 --> 00:23:25.640 - It's got to do with 00:23:25.640 --> 00:23:33.240 - environmental constraints and things so we're taking approximately 53 acres out for the 00:23:34.680 --> 00:23:36.680 - justice complex 00:23:36.680 --> 00:23:40.760 - My guess is that there's that that total 00:23:40.760 --> 00:23:43.280 - area was 00:23:43.280 --> 00:23:48.960 - Probably close to 200 acres. I again. I don't know this off the top. I off top my head 00:23:48.960 --> 00:23:52.560 - I it looks to me what that 53 is is probably 00:23:52.560 --> 00:23:56.900 - At most a quarter of what would be remaining after that 00:23:56.900 --> 00:24:03.040 - Now what I said about the quarry park and how some of it's not developed because of environmental 00:24:03.040 --> 00:24:08.150 - There's other areas of that TIF district that aren't really developed because of how the land is, 00:24:08.150 --> 00:24:08.720 - you know 00:24:08.720 --> 00:24:11.040 - There's there's some of that. I mean, so it's not like 00:24:11.040 --> 00:24:17.280 - That 25 percent is 25 percent of all the developmental land, but that would be of the area and 00:24:17.280 --> 00:24:22.380 - That that kind of math as to what's develop or will not is one of the reasons 00:24:22.380 --> 00:24:24.380 - I'm not working with the Plan Commission 00:24:24.380 --> 00:24:28.920 - Because they have those kind of answers and they're just that I just don't know it 00:24:29.080 --> 00:24:33.800 - That's fine. My main objective in regards to asking the question is the total overall acreage 00:24:33.800 --> 00:24:39.880 - We approximately based on this being 2026. We sunset in 2030 over here is literally if we're 00:24:39.880 --> 00:24:41.400 - looking for anything in an increased value 00:24:41.400 --> 00:24:48.000 - That would go towards this TIF that then also helps pay for anything that difference a 00:24:48.000 --> 00:24:52.320 - Infrastructure standpoint. We only have four years to get it done 00:24:52.320 --> 00:24:58.680 - Otherwise we lose our increment and then if we bond it it will sunset in 2030 00:24:58.800 --> 00:25:00.800 - is that a correct statement I 00:25:00.800 --> 00:25:08.160 - And I can't remember. It's 2030 or 2031 or 2032. It's somewhere in that area and I think 00:25:08.160 --> 00:25:16.060 - the other interesting is this is also the area we looked at for residential TIF and so, you know 00:25:16.060 --> 00:25:20.760 - The non development of that area 00:25:20.760 --> 00:25:23.440 - Because when you when you tip something 00:25:23.880 --> 00:25:29.200 - You take the assessed value as it is the second you you put that in a TIF district 00:25:29.200 --> 00:25:35.780 - so if you were going to do a residential TIF it not having any buildings on it is 00:25:35.780 --> 00:25:38.120 - kind of 00:25:38.120 --> 00:25:42.120 - You either want it not to have anything on it or what's on it to be really? 00:25:42.120 --> 00:25:51.180 - Needing of redevelopment, right? So, you know, so that option is still open. I don't know. I'm not 00:25:51.180 --> 00:25:52.080 - bond council 00:25:52.080 --> 00:25:56.600 - I'm not financial advisor. I don't know how that would interplay with the the current debt and 00:25:56.600 --> 00:25:58.500 - whether there was something you could do 00:25:58.500 --> 00:26:04.620 - To kind of help with that or not. I just I just I'm guessing there is but I'm not sure what it 00:26:04.620 --> 00:26:05.160 - would be 00:26:05.160 --> 00:26:07.360 - That's fine. I just looking at the time frame 00:26:07.360 --> 00:26:11.800 - We actually have to deal with if we're looking to capture any increment to take care of any public 00:26:11.800 --> 00:26:12.560 - facilities 00:26:12.560 --> 00:26:17.720 - And that window is shrinking in such a time frame that where we had talked previously about a 00:26:17.720 --> 00:26:20.200 - residential TIF may not be the ability 00:26:20.200 --> 00:26:26.670 - To actually do it do anything on that if we may sunset our TIF and then you know, we have what we 00:26:26.670 --> 00:26:26.920 - have 00:26:26.920 --> 00:26:32.880 - Go back to the other taxing entities when something gets built 00:26:32.880 --> 00:26:36.000 - Okay 00:26:36.000 --> 00:26:40.360 - Didn't I appreciate that. I hope my answer was clear. You did. Thank you 00:26:40.360 --> 00:26:47.960 - Yes, any any other questions comments on that in the state road 46 00:26:48.640 --> 00:26:52.480 - Did we get a motion on that one? We do not have a motion. I'll entertain a motion 00:26:52.480 --> 00:26:55.480 - second 00:26:55.480 --> 00:26:57.480 - Go ahead here 00:26:57.480 --> 00:27:03.120 - Okay, okay, I thought Richard was saying something else 00:27:03.120 --> 00:27:09.740 - Did Richard say yes, yeah Richard did you make the motion 00:27:09.740 --> 00:27:16.070 - Yes, okay. I thought you had and then I seconded I seconded and then I thought I said something 00:27:16.070 --> 00:27:17.400 - else. Okay, so 00:27:17.720 --> 00:27:19.200 - Mr. Cockrell 00:27:19.200 --> 00:27:21.200 - Commissioner Martin 00:27:21.200 --> 00:27:22.560 - Yes 00:27:22.560 --> 00:27:29.320 - Commissioner Cassidy. Yes, Commissioner Keesley. Yes, Commissioner McCarty. Yes, Commissioner Jones. 00:27:29.320 --> 00:27:31.400 - Yes motion is approved five to zero 00:27:31.400 --> 00:27:35.600 - Resolution on the Fullerton Pike tiff 00:27:35.600 --> 00:27:41.120 - Fullerton Pike tiff 00:27:41.120 --> 00:27:43.720 - This is we we 00:27:44.200 --> 00:27:49.740 - We engaged in a bonding for this tiff district this that bonding included two different funding 00:27:49.740 --> 00:27:50.160 - sources 00:27:50.160 --> 00:27:56.460 - One is this tiff district. The other is the major bridge fund as part of the redevelopment's 00:27:56.460 --> 00:27:57.340 - commitment. They 00:27:57.340 --> 00:28:03.720 - Indicated that they were whole going to hold at least 50% of the revenues to pay towards that 00:28:03.720 --> 00:28:06.800 - bonding I think it was 00:28:06.800 --> 00:28:11.590 - Anticipated that the majority of the major bridge was going to have to deal with the majority of 00:28:11.590 --> 00:28:12.320 - that anyway 00:28:13.080 --> 00:28:18.800 - Just because of the revenues in this again, the Fullerton Pike tiff has one primary 00:28:18.800 --> 00:28:24.640 - Taxpayer and that's the hospital and ever since its inception 00:28:24.640 --> 00:28:30.400 - The concern has always be has been whether that hospital would go to a tax-exempt entity and if 00:28:30.400 --> 00:28:32.160 - that did that would really 00:28:32.160 --> 00:28:36.540 - Negatively affect the revenues in that tiff district 00:28:36.540 --> 00:28:39.640 - so given that 00:28:42.360 --> 00:28:47.880 - You have the recommendation from the financial advisor that there is no excess SS value, I guess 00:28:47.880 --> 00:28:49.700 - you have questions 00:28:49.700 --> 00:28:54.360 - Richard 00:28:54.360 --> 00:29:02.280 - Does Richard have a question on Fullerton? Yes, we have committed 50% to the 00:29:02.280 --> 00:29:06.640 - Fullerton Pike project 00:29:06.640 --> 00:29:12.240 - We have not committed anything else at this time for the other 50 percent. Is that correct? 00:29:13.240 --> 00:29:15.240 - That's correct 00:29:15.240 --> 00:29:17.880 - Okay, and 00:29:17.880 --> 00:29:25.880 - So I guess Lisa have you got anything in the works in that area in the next few years 00:29:25.880 --> 00:29:30.000 - No, I do not 00:29:30.000 --> 00:29:39.040 - Okay, so our options are to use the other 50% we can pick it into the bridge project as well 00:29:39.040 --> 00:29:41.040 - the full and Pike project if we need to 00:29:41.960 --> 00:29:43.960 - But it's we are at the point where 00:29:43.960 --> 00:29:47.000 - the the accumulating excess 00:29:47.000 --> 00:29:53.440 - That would not be used on that bridge project may in fact be excess funds. I 00:29:53.440 --> 00:29:58.880 - Can spend because we don't have a product and find a way to spend it. That's not a problem 00:30:07.960 --> 00:30:12.960 - Yeah, I I have projects that definitely could be done you could do 00:30:12.960 --> 00:30:17.080 - Reconstruction on quite a bit of roadways that are within these TIF districts 00:30:17.080 --> 00:30:23.760 - You know, there's other bridge projects and such and in that area. So I 00:30:23.760 --> 00:30:28.000 - Would just add to what Lisa's saying that 00:30:28.000 --> 00:30:30.840 - Patient 00:30:30.840 --> 00:30:36.730 - Has kind of affected bridges and I can't I don't remember if they went so far with the major bridge 00:30:36.730 --> 00:30:37.320 - fund as 00:30:37.440 --> 00:30:44.100 - What we were hoping for so there was conversation this year about opening up the major bridge fund 00:30:44.100 --> 00:30:45.160 - to be able to fund 00:30:45.160 --> 00:30:49.000 - some of the more traditional kuhn bridge projects and 00:30:49.000 --> 00:30:53.280 - So I think you know long term if they do that 00:30:53.280 --> 00:30:56.480 - You know while we've only pledged fifty percent 00:30:56.480 --> 00:31:01.560 - there's nothing that says you can't pay a higher dollar amount than fifty percent for that and if 00:31:01.560 --> 00:31:02.160 - we could 00:31:02.480 --> 00:31:08.160 - If that would free up a little even a little bit of funding for other bridge projects. I think that 00:31:08.160 --> 00:31:09.020 - would be something that 00:31:09.020 --> 00:31:13.920 - We probably make that request if that were to occur 00:31:13.920 --> 00:31:16.880 - Yeah, absolutely 00:31:16.880 --> 00:31:19.320 - You'd have to have somebody to support the bill 00:31:19.320 --> 00:31:25.840 - I do know Allen County is the only county that has been successful and opening up their major 00:31:25.840 --> 00:31:26.520 - bridge fund 00:31:26.520 --> 00:31:28.240 - To be able to do fun 00:31:28.240 --> 00:31:33.800 - So if you have a major bridge fund, you can only use the funds for a bridge over 200 feet in length 00:31:33.800 --> 00:31:40.300 - After Fullerton Pikes built we should probably have nine bridges that fit to that. We have some 00:31:40.300 --> 00:31:42.160 - under design that will probably fit that 00:31:42.160 --> 00:31:48.520 - But Allen County was able to go through legislative and put in the Indiana code under the major 00:31:48.520 --> 00:31:50.360 - bridge fund that they can use it for any 00:31:50.360 --> 00:31:52.040 - size bridge 00:31:52.040 --> 00:31:58.680 - But the but the cost of inflation of what these bridges are costing now the maintenance of them 00:31:58.680 --> 00:32:03.160 - It would be a tremendous help to Monroe County if we could 00:32:03.160 --> 00:32:06.980 - Try and figure out I'm not a political 00:32:06.980 --> 00:32:12.000 - Legislative person. I don't know how to get a bill started. I don't know how you word it 00:32:12.000 --> 00:32:14.320 - I don't know how you create it. I don't even know where you begin 00:32:14.320 --> 00:32:19.800 - But it would be a huge benefit to Monroe County if we could get that 00:32:20.560 --> 00:32:26.760 - in our direction, I think they're still unknown because in Senate bill one our 00:32:26.760 --> 00:32:31.720 - Cune bridge and major bridge fund is part of that 00:32:31.720 --> 00:32:34.880 - property tax levy 00:32:34.880 --> 00:32:39.500 - So I don't know how the funding is what is going to move forward for Cune bridge or major bridge 00:32:39.500 --> 00:32:40.040 - fund either 00:32:40.040 --> 00:32:42.640 - I don't know how they're going to be affected 00:32:42.640 --> 00:32:47.040 - So you say we ought to wait to see what the General Assembly does to us 00:32:48.600 --> 00:32:51.440 - I think the Senate bill one is already done 00:32:51.440 --> 00:32:56.240 - That's but I don't know how that works at your local level how it's distributed 00:32:56.240 --> 00:33:00.640 - I know they have different rates on the Cune bridge and the major bridge 00:33:00.640 --> 00:33:07.410 - Oh, yeah, I was in the frozen levy one's not that's really out of my normal day-to-day work. So I 00:33:07.410 --> 00:33:08.140 - don't know 00:33:08.140 --> 00:33:11.160 - How that funding is going to be affected? 00:33:11.160 --> 00:33:14.820 - I think we all know that the Senate bill is going to affect up 00:33:14.820 --> 00:33:17.440 - We all know that the Senate bill is going to affect our funding 00:33:17.440 --> 00:33:23.140 - Yeah, and we all know that and so I think I think in my mind 00:33:23.140 --> 00:33:28.180 - Along with that there was language that 00:33:28.180 --> 00:33:35.940 - requires counties to do all the bridges in the county except for a very limited number of 00:33:35.940 --> 00:33:42.020 - Items mostly if the county wasn't involved in design and hadn't accepted it 00:33:42.020 --> 00:33:46.440 - Which we had always done because we have a Cune bridge fund 00:33:46.840 --> 00:33:48.240 - but 00:33:48.240 --> 00:33:51.640 - they've clarified a lot of things in there and so I'm 00:33:51.640 --> 00:34:00.360 - So if you wanted to read a house bill 1461 that so 00:34:00.360 --> 00:34:06.000 - It's always been understanding that a county no matter if it's in within the city 00:34:06.000 --> 00:34:08.880 - If you have a Cune bridge that you maintain the bridges 00:34:08.880 --> 00:34:13.520 - It was always known that the bridge definition included that it was over a 20-foot span 00:34:13.520 --> 00:34:16.920 - Okay, so over the last year or two, there's been some 00:34:16.920 --> 00:34:26.280 - Cities or towns to challenge that Indiana code because in that specific area it did not say 00:34:26.280 --> 00:34:28.520 - 20-foot span so 00:34:28.520 --> 00:34:35.590 - Some of the entities were coming back saying to the counties you are responsible for everything and 00:34:35.590 --> 00:34:36.580 - within our 00:34:36.580 --> 00:34:42.120 - Municipality including small culverts. Well, that's a huge impact on county. That's right 00:34:42.760 --> 00:34:44.760 - So they did get house bill 00:34:44.760 --> 00:34:50.670 - 1461 with that new language that Jeff's talking about that now it does specifically say that it has 00:34:50.670 --> 00:34:52.060 - to be over a 20-foot span 00:34:52.060 --> 00:34:55.160 - for it to be 00:34:55.160 --> 00:35:00.800 - Maintained by the county. We did go to the state house and speak about 00:35:00.800 --> 00:35:09.140 - Including that a county has to be involved in the in the design of that bridge for them to maintain 00:35:09.140 --> 00:35:09.320 - it 00:35:09.760 --> 00:35:14.670 - They did put that language in force. Otherwise, you know, you don't know what you're accepting out 00:35:14.670 --> 00:35:15.080 - there 00:35:15.080 --> 00:35:17.000 - so we 00:35:17.000 --> 00:35:19.000 - We did work hard on 00:35:19.000 --> 00:35:21.760 - House bill 1461 00:35:21.760 --> 00:35:27.980 - For more clarification just not sure how the funding will move forward in that 00:35:27.980 --> 00:35:32.300 - Do we have somebody in the county who's following that aside from you? 00:35:32.300 --> 00:35:35.740 - Well, we we have been we 00:35:37.800 --> 00:35:42.940 - We kind of got into the major bridge discussion probably more later than we could have we were very 00:35:42.940 --> 00:35:44.220 - involved with I aches 00:35:44.220 --> 00:35:46.440 - our 00:35:46.440 --> 00:35:50.950 - County highway engineers and supervisor group. We had legislative meetings probably every other 00:35:50.950 --> 00:35:52.560 - week. We were 00:35:52.560 --> 00:35:56.440 - We had our representative from a IC Brian Hoff 00:35:56.440 --> 00:35:59.400 - going there 00:35:59.400 --> 00:36:04.360 - House bill 1461 could have you know come out a lot worse, but I think we 00:36:04.920 --> 00:36:11.210 - Got some got some clarification in there that really helped counties not have to take over all the 00:36:11.210 --> 00:36:12.420 - infrastructure 00:36:12.420 --> 00:36:18.540 - Because it was leading also to I think it was Johnson County eliminated their kuhn bridge fund, 00:36:18.540 --> 00:36:19.200 - right? 00:36:19.200 --> 00:36:23.360 - So there's other counties that was starting to head that direction 00:36:23.360 --> 00:36:28.220 - So that kind of puts fear into taking care of infrastructure in your bridges if everyone was going 00:36:28.220 --> 00:36:30.280 - to start eliminating kuhn bridge funds 00:36:30.280 --> 00:36:32.320 - so that's why they 00:36:32.320 --> 00:36:38.080 - Really kind of put that more the clarification for the definition of a bridge in the house bill. So 00:36:38.080 --> 00:36:43.400 - Local entities couldn't come back and tell the county and basically that they were in charge of 00:36:43.400 --> 00:36:51.580 - Clarification good clarification. Yes whose responsibilities from a 00:36:51.580 --> 00:36:56.760 - Loophole that was there and they closed and they were they were closing that loophole. So 00:37:00.160 --> 00:37:05.200 - For clarification on regards to it if we were to help to enact some 00:37:05.200 --> 00:37:09.510 - Legislation similar to Allen County in order to move things through. So Monroe County while we are 00:37:09.510 --> 00:37:10.080 - number one 00:37:10.080 --> 00:37:12.520 - Who and getting this? 00:37:12.520 --> 00:37:15.840 - What would that do for the county in? 00:37:15.840 --> 00:37:20.560 - Maintaining and repairing or replacing it would be huge 00:37:20.560 --> 00:37:27.160 - Okay, it brings in twice the money that kuhn bridge at this point in time kuhn bridge brings in 00:37:27.280 --> 00:37:29.280 - I 00:37:29.280 --> 00:37:32.800 - Mean 00:37:32.800 --> 00:37:35.960 - Major bridge fund brings in probably three million 00:37:35.960 --> 00:37:40.040 - My staff that is 00:37:40.040 --> 00:37:45.290 - Bridge crew, they're all paid their benefits are all paid out of kuhn bridge, which is probably 00:37:45.290 --> 00:37:46.440 - over half the budget 00:37:46.440 --> 00:37:51.880 - But I can't use major bridge fund for any any of that 00:37:53.080 --> 00:37:58.080 - Opening that up you you could fund more bridges you could you know 00:37:58.080 --> 00:38:00.720 - for an example 00:38:00.720 --> 00:38:06.810 - That road bridge it's been under design. We were going to do it all locally for construction design 00:38:06.810 --> 00:38:07.920 - right of way 00:38:07.920 --> 00:38:12.690 - When we started out it was going to be at a cost of approximately seven hundred thousand dollars 00:38:12.690 --> 00:38:14.120 - for construction. We felt like 00:38:14.120 --> 00:38:19.440 - Given the time we could do that all locally now. We're at the time for construction. It's 1.8 00:38:19.440 --> 00:38:21.560 - million. We can't afford to do that 00:38:21.560 --> 00:38:28.480 - So actually I put it into a NOFA call with NDOT and it was actually awarded for construction in 2029 00:38:28.480 --> 00:38:34.000 - But we will be shovel ready because we paid for design and right away locally at a hundred percent 00:38:34.000 --> 00:38:39.640 - So if we can move it up we will because we contributed that much locally 00:38:39.640 --> 00:38:44.080 - But it's just those kind of instances if we had major bridge fund to use 00:38:44.080 --> 00:38:47.080 - Then maybe we we could have probably done it all locally 00:38:47.080 --> 00:38:51.920 - Is this a situation where when we're looking at like Fullerton Pike and are having like 50% of 00:38:51.920 --> 00:38:53.100 - assessed value 00:38:53.100 --> 00:38:57.520 - Would that be something that we get actually as a redevelopment Commission utilize in? 00:38:57.520 --> 00:39:04.920 - hiring someone to help go through that legislative process in order to because I know from a staff 00:39:04.920 --> 00:39:05.680 - standpoint with 00:39:05.680 --> 00:39:12.400 - County and such time and other items it can fall to the wayside because you guys are over 00:39:12.600 --> 00:39:17.920 - Overworked and I did I did a lot of I did a lot of digging on how Allen County 00:39:17.920 --> 00:39:22.640 - Succeeded in that they sent me a lot of the 00:39:22.640 --> 00:39:27.920 - Descriptions on how they succeeded that I don't know if we fit any of those 00:39:27.920 --> 00:39:32.260 - I think you could probably come up with some of those matching ideas 00:39:32.260 --> 00:39:35.320 - but again, I did I I 00:39:35.320 --> 00:39:41.040 - Was given all the steps on what how they used the factors to be able to do that 00:39:41.560 --> 00:39:45.160 - so from from a fiscal standpoint, this is something we'd want to ask fs 00:39:45.160 --> 00:39:51.480 - Fsg if that money could be utilized in that to try to move forward that so it opened up like that 00:39:51.480 --> 00:39:53.740 - consulting consulting a consulting service 00:39:53.740 --> 00:39:55.740 - In order to try to help 00:39:55.740 --> 00:40:01.120 - Open that up so that we can take care of our existing bridges need replaced our maintenance 00:40:01.120 --> 00:40:07.000 - And then I know at some point with everything that went through 69 there'll be items that will fall 00:40:07.000 --> 00:40:08.880 - into the county's 00:40:09.440 --> 00:40:11.840 - Responsibility. Yeah, that's the problem with that 00:40:11.840 --> 00:40:16.580 - You know having the funding to maintain the things even after they're built 00:40:16.580 --> 00:40:21.800 - So is that are you asking if you guys can get a lobbyist is that a? 00:40:21.800 --> 00:40:30.070 - Consultant I well the county has a lobbyist and I they would work with Lisa in kind of helping 00:40:30.070 --> 00:40:30.760 - present 00:40:30.760 --> 00:40:38.320 - Kind of the issues with House Bill 1461 and this was part of that. I guess the 00:40:38.880 --> 00:40:44.880 - the value I think that could be added is if they when they do something next year, maybe have a 00:40:44.880 --> 00:40:52.680 - Redevelopment Commission member come in and talk to the legislature and produce testimony about hey 00:40:52.680 --> 00:40:58.540 - These are the struggles we're seeing with our funding and we want to help these things 00:40:58.540 --> 00:41:02.520 - You know, I think that's kind of the level of support. I think that we're 00:41:03.240 --> 00:41:08.190 - we have we have it through Lisa and we have it through a few others, but the the louder or the 00:41:08.190 --> 00:41:09.680 - bigger the voice may be 00:41:09.680 --> 00:41:14.720 - More helpful as opposed to hiring another lobbyist to do work. That's already been done 00:41:14.720 --> 00:41:18.520 - Yeah, I was unaware that we had a lobbyist for the county specifically 00:41:18.520 --> 00:41:25.400 - So Lisa has a IC and their other affiliates been helpful at all. Yeah, they're they're great 00:41:25.400 --> 00:41:28.100 - We we worked hard on 1461 00:41:29.040 --> 00:41:34.450 - Major bridge was kind of not every county has made a bridge fund. So it wasn't really a hot topic 00:41:34.450 --> 00:41:35.240 - for a lot and 00:41:35.240 --> 00:41:37.640 - There's so much thrown into 00:41:37.640 --> 00:41:44.320 - House bill and a lot of this is so over my head. I don't get involved in it, but 00:41:44.320 --> 00:41:48.560 - House bill 1461 has a lot built into it. Actually 00:41:48.560 --> 00:41:53.640 - they've even thrown in about township roads and township budgets and 00:41:53.640 --> 00:41:57.520 - Using part of their funds to 00:41:58.120 --> 00:42:00.840 - Maintain roads within their township. I 00:42:00.840 --> 00:42:06.080 - I find that interesting. I don't even know what a township brings in 00:42:06.080 --> 00:42:12.180 - But I actually I think it's Benton Township trustee, maybe Benton Michelle bright 00:42:12.180 --> 00:42:15.920 - Touch base with me last week because she's aware that it's out there now 00:42:15.920 --> 00:42:18.920 - It's quite a bit of road to worry to worry about 00:42:18.920 --> 00:42:25.160 - But I told her it's a hundred thousand at a hundred and ten thousand dollars 00:42:26.200 --> 00:42:31.840 - Average estimate to pave one mile of road. I don't think they bring in those kind of funds. No 00:42:31.840 --> 00:42:35.680 - So there's just a lot in that House bill so that 00:42:35.680 --> 00:42:42.760 - AIC and our group focused more on things that were in there and major bridge wasn't in there 00:42:42.760 --> 00:42:46.120 - Because it dealt with community crossings and how that's changing 00:42:46.120 --> 00:42:50.300 - So in Cune Bridge, there's just a lot of different 00:42:51.240 --> 00:42:55.770 - Items in that House bill. So we really focused on that one. I was probably more of the one that 00:42:55.770 --> 00:42:57.000 - wanted the major bridge 00:42:57.000 --> 00:43:01.040 - Because I have a major bridge, so it's okay. It's probably just a different Avenue 00:43:01.040 --> 00:43:04.080 - I'll have to go out, you know, they would support it in a heartbeat 00:43:04.080 --> 00:43:08.520 - But it's just probably something if I really want to push it 00:43:08.520 --> 00:43:11.720 - I'm gonna have to find a sponsor of the bill like that 00:43:11.720 --> 00:43:15.670 - So I think you will get it pretty quickly because other counties are going to be needing it 00:43:15.670 --> 00:43:16.160 - themselves 00:43:16.240 --> 00:43:21.720 - I think the way inflation is yeah, and if you can have the major bridge, I think that the 00:43:21.720 --> 00:43:27.810 - Fluctuation to use those funds should be available to us because they do nothing but stress that 00:43:27.810 --> 00:43:29.880 - they want you to use all resources 00:43:29.880 --> 00:43:34.020 - Locally before you know reaching out to other 00:43:34.020 --> 00:43:40.570 - Assistants that's something that's sitting there that could be very utilized if you if we have 00:43:40.570 --> 00:43:41.360 - access to it 00:43:41.360 --> 00:43:46.310 - Well, I remember when I was on a county commissioner, there were some counties that had access to 00:43:46.310 --> 00:43:47.080 - bridge funds 00:43:47.080 --> 00:43:49.600 - But they weren't using it and they were told, you know 00:43:49.600 --> 00:43:55.900 - Either you use it or you lose it because that's a good place to make good improvements on your 00:43:55.900 --> 00:43:56.440 - roads 00:43:56.440 --> 00:43:58.440 - Because if you don't have a good bridge 00:43:58.440 --> 00:44:04.430 - Facility, you can't let the trucks through and a few other things that come to play at that point. 00:44:04.430 --> 00:44:04.560 - So 00:44:04.560 --> 00:44:08.520 - Good work. Thank you. I think we need to 00:44:09.200 --> 00:44:11.560 - Personally, I think we need to continue this discussion and 00:44:11.560 --> 00:44:14.720 - maybe lean in toward 00:44:14.720 --> 00:44:20.100 - Getting that advice whether it's the Association of Indiana counties or whoever we should and in 00:44:20.100 --> 00:44:21.800 - identify what needs to be done 00:44:21.800 --> 00:44:23.800 - You know zero in on that 00:44:23.800 --> 00:44:29.560 - And I'll tell you what from a broadband perspective as we see more and more 00:44:29.560 --> 00:44:35.960 - People use it out in the country, you know, cuz I want them that you're gonna get some heavy-duty 00:44:35.960 --> 00:44:38.100 - trucks FedEx 00:44:38.880 --> 00:44:44.120 - Prime, you know ups even the US mail. Some of the bigger vans have been out in the country 00:44:44.120 --> 00:44:48.640 - That's where a terror, you know, and they need bridges to cross 00:44:48.640 --> 00:44:54.300 - Some of these places. So I think if we could zero in on that that would be great and find a use for 00:44:54.300 --> 00:44:55.040 - that 50% 00:44:55.040 --> 00:45:04.160 - Anyway, any anything else regarding resolution 25 20 25 - 0 3 it's just three and we have to do 00:45:04.160 --> 00:45:07.080 - I moved up a proof 00:45:07.920 --> 00:45:12.440 - Resolution 20 25 0 3. I'll second. I think that's 00:45:12.440 --> 00:45:18.800 - Okay, please call the roll mr. Koppel mr. Martin 00:45:18.800 --> 00:45:21.320 - Yes 00:45:21.320 --> 00:45:26.680 - Commissioner Cassidy. Yes, Commissioner Keasley. Yes, Commissioner McCarty. Yes, Commissioner Jones 00:45:26.680 --> 00:45:34.360 - Motion is approved 5 to 0 moving on to resolution 20 25 - 0 4. This is the curry profile 00:45:35.680 --> 00:45:39.280 - and hopefully this will be the most straightforward. Yeah 00:45:39.280 --> 00:45:45.760 - Much like the 46 quarter. We had issued a bond that hasn't been drawn down upon 00:45:45.760 --> 00:45:48.280 - however, in this case, it's 00:45:48.280 --> 00:45:54.240 - Intentional and that it won't be and the the person who has the bond is not intending to draw down 00:45:54.240 --> 00:45:55.340 - on it because of issues 00:45:55.340 --> 00:45:58.040 - That arose during the kovat pandemic 00:45:58.040 --> 00:46:02.960 - They would appreciate it if we just paid off what was already 00:46:04.920 --> 00:46:09.680 - Drawn down which was about $100,000 and we've been working towards that for the last year or so 00:46:09.680 --> 00:46:15.000 - I think it'll be another couple years before it's all paid off. And then once that gets paid off 00:46:15.000 --> 00:46:20.000 - we had a discussion last month about maybe you know, if if 00:46:20.000 --> 00:46:25.480 - Clearly there's not a significant amount of funding going in there now if that changes and maybe 00:46:25.480 --> 00:46:27.680 - that could do used to help offset some of 00:46:27.680 --> 00:46:29.600 - the curry 00:46:29.600 --> 00:46:31.000 - reconstruction costs 00:46:31.000 --> 00:46:35.760 - But I think for right now, I think the goal is to get that bond paid off 00:46:35.760 --> 00:46:39.320 - Get it extinguished and then reevaluate where we are 00:46:39.320 --> 00:46:45.280 - Revenue standpoint after we've paid it off see where it's gonna be. Okay 00:46:45.280 --> 00:46:49.040 - Any questions on on this resolution? 00:46:49.040 --> 00:46:54.120 - I'll make a motion to approve resolution 25 - for 00:46:54.120 --> 00:47:00.260 - Call the roll mr. Cockrell, mr. Martin 00:47:01.260 --> 00:47:03.260 - Yeah 00:47:03.260 --> 00:47:10.780 - Mr. Cassidy, yes, Commissioner Kiesling. Yes, Commissioner McCarty. Yes, Commissioner Jones 00:47:10.780 --> 00:47:13.540 - Motion is approved five to zero 00:47:13.540 --> 00:47:15.380 - Okay 00:47:15.380 --> 00:47:20.580 - Minutes we did not have a meeting last month. Correct. And so we got the March 00:47:20.580 --> 00:47:26.100 - It's that meeting but I did read the minutes. Thank you 00:47:26.100 --> 00:47:28.100 - I 00:47:28.100 --> 00:47:32.940 - This time will entertain any 00:47:32.940 --> 00:47:35.180 - questions any 00:47:35.180 --> 00:47:39.300 - Corrections anybody sees or even a motion the German 00:47:39.300 --> 00:47:42.900 - Curry profile tiff 00:47:42.900 --> 00:47:47.780 - You state the amount is that supposed to have a dollar sign in front of the six? 00:47:47.780 --> 00:47:52.980 - It's a it's an editorial issue but 00:47:52.980 --> 00:47:54.980 - Yeah 00:47:54.980 --> 00:47:57.140 - Yes 00:47:57.140 --> 00:47:59.140 - It looks that way. I 00:47:59.140 --> 00:48:00.980 - just 00:48:00.980 --> 00:48:05.980 - Reading people will not identify a system. No dollar dollars to be signed it 00:48:05.980 --> 00:48:11.940 - So I'd like to have an editorial. Okay on that. That's the only thing I saw when I was reading I 00:48:11.940 --> 00:48:14.580 - Think yeah 00:48:14.580 --> 00:48:19.300 - It does look like six million slips of 00:48:19.300 --> 00:48:21.300 - Bonds 00:48:21.300 --> 00:48:30.420 - Trying to move approval of the minutes of the 00:48:30.420 --> 00:48:37.520 - County Redevelopment Commission for March 26 2025 with the 00:48:37.520 --> 00:48:46.320 - Addition of a dollar sign in front of the six under the Prairie profile kiff district. I second 00:48:48.620 --> 00:48:51.380 - This cockle and call the roll Commissioner Martin 00:48:51.380 --> 00:48:54.800 - Yes 00:48:54.800 --> 00:48:57.520 - Mr. Cassidy. Yes, Commissioner Keasley 00:48:57.520 --> 00:49:01.020 - Commissioner McCarty. Yes, Commissioner Jones 00:49:01.020 --> 00:49:05.460 - Motion is approved five to zero. All right moving on to claims 00:49:05.460 --> 00:49:11.620 - Yes, we have 00:49:11.620 --> 00:49:15.980 - Kind of two sets of claims one for Butler Fairman and 00:49:16.540 --> 00:49:23.910 - Sofit ink for sixteen thousand six hundred and ninety nine dollars and two cents and these are for 00:49:23.910 --> 00:49:24.340 - the 00:49:24.340 --> 00:49:27.260 - karst green greenway 00:49:27.260 --> 00:49:29.900 - connector trail inspections 00:49:29.900 --> 00:49:36.340 - and then we have a second set of claims for financial solutions groups and that was for the 00:49:36.340 --> 00:49:41.020 - Preparation and presentation of the annual reports less at the last meeting 00:49:41.660 --> 00:49:46.750 - for a total and that's for seventeen thousand four hundred dollars for a total of thirty four 00:49:46.750 --> 00:49:49.060 - thousand ninety nine dollars and two cents 00:49:49.060 --> 00:49:53.660 - Of approvals 00:49:53.660 --> 00:49:59.840 - Second most has been approved and seconded. Mr. Cockrell, please call the roll. Commissioner Martin 00:50:07.820 --> 00:50:13.740 - Commissioner Cassidy. Yes. Commissioner Kiesling. Yes. Commissioner McCarty. Yes. Commissioner 00:50:13.740 --> 00:50:14.780 - Jones. Yes 00:50:14.780 --> 00:50:19.400 - Motion is approved five to zero. Okay. Thank you 00:50:19.400 --> 00:50:21.980 - right moving on to 00:50:21.980 --> 00:50:25.520 - Let's get we have members of the public here when we 00:50:25.520 --> 00:50:29.680 - if anybody like to make a comment before we move to staff 00:50:29.680 --> 00:50:35.340 - On up 00:50:36.340 --> 00:50:38.340 - I 00:50:38.340 --> 00:50:40.140 - Just see everyone 00:50:40.140 --> 00:50:44.400 - My name is Jen Pearl and I'm the president of the Bloomington Economic Development Corporation for 00:50:44.400 --> 00:50:45.720 - those that aren't familiar 00:50:45.720 --> 00:50:51.110 - We are a nonprofit that serves all of Monroe County in attracting and growing quality jobs to the 00:50:51.110 --> 00:50:51.820 - community 00:50:51.820 --> 00:50:58.340 - Talk Ben to your mic, please. I'm sorry fix your mics talking to the mic. Thank you 00:50:58.340 --> 00:51:03.780 - Actually, this comment is just a follow-up on the discussion around SB one 00:51:04.500 --> 00:51:10.540 - We published an article in The Herald Times a few weeks ago about tools that communities have to 00:51:10.540 --> 00:51:12.220 - respond to revenue 00:51:12.220 --> 00:51:15.500 - Deficits following the passage of SB one 00:51:15.500 --> 00:51:21.660 - In terms of the economic development toolkit, there's really three things. It's attracting new 00:51:21.660 --> 00:51:28.460 - Real property which is you know land and building growth in the community 00:51:28.460 --> 00:51:32.460 - The second is business personal property above two million dollars 00:51:33.140 --> 00:51:34.900 - based on the new 00:51:34.900 --> 00:51:40.380 - Minimum de minimis, I guess you would say for personal property taxes. That's equipment for 00:51:40.380 --> 00:51:41.540 - businesses 00:51:41.540 --> 00:51:43.540 - and then finally is 00:51:43.540 --> 00:51:51.350 - landing new residents that live inside of Monroe County, which is very critical given the possible 00:51:51.350 --> 00:51:52.980 - shift from 00:51:52.980 --> 00:51:55.540 - property taxes to 00:51:55.540 --> 00:51:57.860 - local income taxes 00:51:57.860 --> 00:51:59.860 - for making up revenue 00:52:00.140 --> 00:52:06.240 - So the BDC stands ready to work alongside the county in trying to continue to attract and grow 00:52:06.240 --> 00:52:08.220 - these opportunities here 00:52:08.220 --> 00:52:13.740 - We published details on this in the Herald Times, but we're always happy to answer more questions 00:52:13.740 --> 00:52:15.300 - and share information as needed 00:52:15.300 --> 00:52:23.240 - All right, thank you Jen right running our signatures 00:52:23.240 --> 00:52:25.580 - losing track 00:52:25.580 --> 00:52:30.740 - Well, I appreciate everything you do at the BDC. I know they've been you've been very busy lately. 00:52:30.740 --> 00:52:31.540 - So, thank you 00:52:31.540 --> 00:52:34.380 - anyone else from the public 00:52:34.380 --> 00:52:36.860 - We do have 00:52:36.860 --> 00:52:38.860 - counselor was vital you have any 00:52:38.860 --> 00:52:44.820 - Think so. I think I'm good. I haven't found anything that I didn't understand and that's a pretty 00:52:44.820 --> 00:52:45.820 - good when I can go to a meeting 00:52:45.820 --> 00:52:47.820 - like that 00:52:47.820 --> 00:52:55.100 - So I'm going with that excellent, thank you and thank you for coming, okay 00:52:55.580 --> 00:52:57.580 - staff comments 00:52:57.580 --> 00:53:04.140 - Please if you want any project updates, I think the big one out there is Fullerton Pike 00:53:04.140 --> 00:53:10.140 - We will be closing a section of that it went out today the news released for the last phase 00:53:10.140 --> 00:53:15.580 - And then that is scheduled to open by August 4th for completion 00:53:15.580 --> 00:53:20.940 - Probably be out there just finishing up things, but it'll be open for from 00:53:22.900 --> 00:53:25.040 - High 69 to the 00:53:25.040 --> 00:53:32.300 - New roundabout and phase two that was completed vernal pike again. The deck pour was done for that 00:53:32.300 --> 00:53:34.820 - That's scheduled for mid-august 00:53:34.820 --> 00:53:37.100 - completion and 00:53:37.100 --> 00:53:43.180 - The karst trail that we had been working on they just are finishing up the punchless items there 00:53:43.180 --> 00:53:45.020 - that extension and 00:53:45.020 --> 00:53:50.140 - That's that's it of any other projects you need an update on 00:53:52.340 --> 00:53:54.340 - First say that there will be 00:53:54.340 --> 00:53:57.380 - Time when it opens for school bus traffic to start 00:53:57.380 --> 00:54:04.100 - Traveling across that is that that's the target. Okay, because I think school starts like the fifth 00:54:04.100 --> 00:54:04.620 - or sixth 00:54:04.620 --> 00:54:06.700 - I think the six. Yeah something like yeah 00:54:06.700 --> 00:54:09.960 - Close that those we're gonna make it 00:54:09.960 --> 00:54:12.700 - We're going to make it. Yes 00:54:12.700 --> 00:54:20.100 - Yeah, oh yeah, yeah your staff and the contractor out there at Fullerton Pike 00:54:20.100 --> 00:54:23.980 - they seem to be doing an extremely good job of keeping things moving and 00:54:23.980 --> 00:54:26.980 - When you start looking at it now 00:54:26.980 --> 00:54:32.660 - Everybody is starting in that area to get excited because it will change the traffic patterns and 00:54:32.660 --> 00:54:34.340 - give that east-west connector 00:54:34.340 --> 00:54:39.020 - Which will be absolutely vital to the community. Yeah, they've done a really good job 00:54:39.020 --> 00:54:43.640 - We have progress meetings every other week. We reach out to the public continuously 00:54:43.640 --> 00:54:46.660 - We do door hangers out there 00:54:48.220 --> 00:54:51.780 - We kept them we had an email listserv for the residents in the area 00:54:51.780 --> 00:54:57.850 - So we really wanted to keep this one with a lot of communication. It's one of those projects love 00:54:57.850 --> 00:54:58.740 - or hate it 00:54:58.740 --> 00:55:01.900 - but I think it's 00:55:01.900 --> 00:55:05.260 - Turned out well, I think people like it 00:55:05.260 --> 00:55:09.930 - And I think a lot of the subdivisions will realize that it will eliminate that cut through traffic 00:55:09.930 --> 00:55:11.060 - that they don't want 00:55:11.060 --> 00:55:13.740 - Once it's opened 00:55:13.740 --> 00:55:15.740 - So you have a lot going through? 00:55:16.300 --> 00:55:18.300 - the 00:55:18.300 --> 00:55:23.740 - Highlands to go to Rockport. I think they'll see that a lot of that will decrease 00:55:23.740 --> 00:55:30.820 - Once once it's open so a good job. Appreciate it very much. Thank you. Great 00:55:30.820 --> 00:55:36.420 - Okay, Jeff Cockrell anything I was just going to say that I 00:55:36.420 --> 00:55:43.180 - This very afternoon. I got a reimbursement request for 162 thousand nine hundred and twenty dollars 00:55:43.980 --> 00:55:49.660 - from Logan land development for the for the Hunter Valley extension 00:55:49.660 --> 00:55:53.900 - clearly hadn't had time to go through it haven't had time to get to give it to the 00:55:53.900 --> 00:55:59.480 - Highway Department to go through it. So it's not ready for your guys's to consume to look at 00:55:59.480 --> 00:56:00.060 - tonight 00:56:00.060 --> 00:56:04.460 - But just I think it's a sign that things are starting to move on that project, right? 00:56:04.460 --> 00:56:12.180 - Wonderful that will be a great connector another great connector. So good. That's good news 00:56:13.380 --> 00:56:14.960 - Okay 00:56:14.960 --> 00:56:18.140 - Commissioner comments. So Richard, do you have any comments? Oh 00:56:18.140 --> 00:56:22.220 - Good, thank you 00:56:22.220 --> 00:56:28.000 - Thank you, thank you good work Lisa with all the 00:56:28.000 --> 00:56:32.540 - Legislation and everything else. I know it's mind-boggling 00:56:32.540 --> 00:56:39.570 - I've never spoke. I've never testified before so that was that was a new experience for me, but I'm 00:56:39.570 --> 00:56:39.920 - sure 00:56:41.500 --> 00:56:47.240 - Thank you, and we do have a new redevelopment commissioner Michael Jones, so welcome you have any 00:56:47.240 --> 00:56:51.820 - Listening mode for a while. It's 00:56:51.820 --> 00:56:55.500 - Say 00:56:55.500 --> 00:56:58.420 - Due to the area but 10 years. I'm some of the 00:56:58.420 --> 00:57:03.170 - Some of the projects as you talk about them. It still takes a second for it to click as to where 00:57:03.170 --> 00:57:04.260 - exactly that's at but 00:57:04.260 --> 00:57:07.620 - That's fine 00:57:08.180 --> 00:57:13.880 - Learning curve steep at this point. So welcome board. Yes. Welcome. Glad to have you and we're glad 00:57:13.880 --> 00:57:14.740 - to have a full convention 00:57:14.740 --> 00:57:16.940 - so, thank you and 00:57:16.940 --> 00:57:19.540 - Yeah, I think this is 00:57:19.540 --> 00:57:21.540 - Been a very good meeting. I think that 00:57:21.540 --> 00:57:28.280 - These resolutions come at a good time with you know, we have a lot of questions, but those are in 00:57:28.280 --> 00:57:29.980 - the not-too-far future 00:57:29.980 --> 00:57:34.660 - Not to fit. Thank so thank you very much. If there is nothing else 00:57:34.660 --> 00:57:37.340 - Hope every adjourned 00:58:07.340 --> 00:58:10.840 - ("Pomp and Circumstance") 00:58:10.840 --> 00:58:14.340 - ("Pomp and Circumstance") 00:58:14.340 --> 00:58:17.840 - ("Pomp and Circumstance") 00:58:17.840 --> 00:58:21.340 - ("Pomp and Circumstance") 00:58:21.340 --> 00:58:24.840 - ("Pomp and Circumstance") 00:58:24.840 --> 00:58:28.340 - ("Pomp and Circumstance") 00:58:28.340 --> 00:58:31.840 - ("Pomp and Circumstance") 00:58:31.840 --> 00:58:35.340 - ("Pomp and Circumstance") 00:58:35.340 --> 00:58:38.840 - ("Pomp and Circumstance")