[00:00:07]
>> GOOD EVENING, WELCOME TO THE MARCH 15TH MEETING, CARMEL
[1. PLEDGE OF ALLEGIANCE]
REDEVELOPMENT MEETING. WE WILL CALL THE MEETING TO ORDER AND WE'LL BEGIN TODAY WITH THE PLEDGE OF ALLEGIANCE.[2. APPROVAL OF MINUTES]
>> THANK YOU. FIRST ITEM ON THE AGENDA IS THE APPROVAL OF THE MINUTES FROM FEBRUARY 15TH.
IS THERE ANY QUESTIONS, COMMENTS?
>> SECOND. >> IT'S BEEN MOVED AND SECONDED.
ALL IN FAVOR SAY AYE. WE HAVE TO DO A ROLL CALL VOTE.
>> MIKE? >> VICE PRESIDENT BOWERS?
>> AYE. >> COMMISSIONER SISSINNA?
[3a. Cash Flow Report]
>> NEXT ITEM, FINANCIAL MATTERS. CASHEW REPORT.
>> COMMISSIONS AND MONTH BALANCE FOR FEBRUARY $6,899,325 AND INCLUDING THE RESTRICTED FUNDS, IT WAS $11,723,287.
[3b. Approval of Claims]
>> ANY CLAIMS. >> IN THE AMOUNT OF $324,215.
AND SECOND ONE FOR THE 2020 TIP BOND CLAIMS IN THE AMOUNT OF
$1120. >> WE NEED ONE MOTION TO
APPROVE. >> MOTION TO APPROVE?
>> COULD I SECOND THAT. >> SECOND.
>> BEEN MOVED AND APPROVED. >> VICE PRESIDENT BOWERS?
>> AYE. >> COMMISSIONER SISSENNA?
[4. EXECUTIVE DIRECTOR REPORT]
>> AND NEXT UP, WE'VE GOT THE EXECUTIVE DIRECTOR REPORT?
>> HENRY? >> GOOD EVENING, COMMISSIONERS.
THERE'S CONSTRUCTION ALL AROUND OUR GREAT CITY.
>> AND THE REN CONSTRUCTION CONDITIONS.
THEY ARE NOW DOING A FRAMING OF THE THIRD FLOOR.
WHICH IS EXCITING STUFF. WE WILL CONTINUE TO SEE THAT ONE GOING UP THROUGHOUT THE REST OF THE YEAR.
WE'RE SEEING UNDER GROUND PARKING BEING BUILT.
HOPEFULLY, IT WILL INCLUDE THE RESTAURANT, FACIING THE MONNON.
AND MILAN CONTINUES THE RAPID CONSTRUCTION WITH SOME OF THE LAST UNITS BEING BUILT. LOTS OF PROGRESS ON FIRST AND MAIN. MAGNOLIA CONTINUES ITS CONSTRUCTION. IT'S NICE TO BE IN THE ROUND
[00:05:04]
ABOUT. THE SIGNATURE IS MOVING TO THE F FASADE PHASE.WE SHOULD SEE SOME PRETTY BRICK. THE GARAGE IS NOW OPEN.
AND LATER THIS MONTH, WE WILL SEE THE ART PANELS GOING UP IN THE ARCOVES IN THE EAST AND SOUTH SIDE OF THE GARAGE.
THE CITY PUT OUT A PRESS RELEASE ON THAT TODAY.
THOSE ARE REALLY BEAUTIFUL. JANLE, DEPUTY DIRECTOR, WERE CHECKING ON THOSE EARLIER THIS, EARLIER THIS MONTH.
IT'S A BEAUTIFUL MOSAIC PIECE. I THINK THE CITY WILL BE, OUR RESIDENTS WILL BE EXCITED TO SEE IT GO UP.
IT'S A UNIQUE PIECE OF ART DONE BY A HOMETOWN ARTIST.
HAMILTON CROSSING CONSTRUCTION CONTINUES.
THE TRAINING FACILITY WAS COMPLETED, COMPLETE WITH LOTS OF PICTURES. AND PROCEEDING 2, IN THE WALLGREEN'S SITE IS FULL SPEED AHEAD.
THERE'S LOTS OF ACTIVITY GOING ON IN THE SITE.
IT'S EXCITING TO SEE THAT. THE ONLY OTHER PART OF MY REPORT IS THAT, THE ALLOCATION AREA, RELATED TO THE 111 SOUTH RAGE PROJECT IS IN COUNCIL TODAY. AND PROJECT MANAGER, LARRISA, WILL BE TALKING ABOUT THE PROJECT.
THIS IS THE PROJECT WE'RE DISCUSSING.
THIS IS AN ACROSS THE STREET FROM THE DESIGN CENTER.
THAT CONCLUDES MY REPORT AND I'M HAPPY TO ANSWER ANY QUESTIONS.
ANY QUESTIONS COMMISSIONERS. NO?
[5. COMMITTEE REPORTS]
THANK YOU. >> NEXT REPORT, THE ARCHITECTURAL REVIEW COMMITTEE. BILL, ARE YOU GOING TO HANDLE
WE DID NOT MEET THIS PAST MONTH. >> IT MAKES IT THAT EASY.
[7b. Action Item #1 – Resolution 2023-05 re: Crossing 1 and 2 Confirmatory Resolution]
NO? SO NEW BUSINESS? SO WE HAVE -- ACTION ITEM NUMBER ONE, RESOLUTION 2023-05, THE CITY OF CARMEL DEVELOPMENT, FOR THE 126TH STREET CORRIDOR FOR THE ECONOMIC DEVELOPMENT AREA. MIKE THIS HAS YOUR NAME.>> THIS IS THE FINAL STEP FOR CROSSING ONE, CROSSING TWO THIS IS WHERE THE REPUBLIC TRAINING FACILITIES ARE LOCATED.
THIS IS THE FINAL STEP IN MAKING SURE WE CAN COLLECT IT FOR THE
PROJECT, TOWARDS THE BONDS. >> THANK YOU.
. >> AND THIS IS A PUBLIC MEETING, CORRECT? SO WE WILL, WE'LL OPEN THIS UP FOR PUBLIC INPUT, WHICH I SEE NO ONE IN THE ROOM.
TECHNICALLY, WE'LL OPEN IT UP, HEARING IN THE 6:43.
ANYONE FOR OR AGAINST THE ACTION I
ITEM? >> SEEING NONE, WE WILL CLOSE THIS AT 6:43 AND 15 SECONDS. ANY QUESTIONS OR COMMENTS FROM THE COMMISSION? ALL RIGHT.
DO I HAVE A MOTION? >> MOTION TO APPROVE RESOLUTION 2023. .
>> SECOND MOTION. >> WE'LL DO ROLL CALL AGAIN.
>> VICE PRESIDENT BOWERS? >> AYE.
>> COMMISSIONER SASENA? >> AYE.
[7d. Action Item #2 – Resolution 2023-06 re: 3 rd Avenue ATT Confirmatory Resolution]
>> MOTION PASSES. >> WE'LL MOVE ON TO ITEM NUMBER 2, RESOLUTION 23-06, COMMENDING AMENDMENTS TO THE RESOLUTION AND THE DEVELOPMENT PLAN FOR THE OLD TOWN ECONOMIC AREA WHICH IS THE 3RD AVENUE AT&T ALLOCATION AREA. MIKE THIS HAS YOUR NAME AS WELL.
>> THIS IS THE FINAL STEPPING IN THEAREA, THIS TIME FOR THE THIRD AVENUE AT&T AREA. THIS IS ACROSS THE THIRD AVENUE, ACROSS MIDTOWN WEST DEVELOPMENT. IT WILL INCLUDE ADVANCEMENT OF
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BANG AND PARKING GARAGE AND WRAPPED WITH MULTI-FAMILY UNITS.>> THIS WILL BE OPEN TO THE PUBLIC HEARING.
WE WILL OPEN THE PUBLIC HEARING AT 6:44.
IS THERE ANYONE HERE FOR OR AGAINST THE ACTION ITEM NUMBER 2? SEEING NONE, WE WILL CLOSE THIS AT 6:45. AND ANY QUESTIONS OR COMMENTS FROM THE COMMISSION? ALL RIGHT.
DO I HAVE A MOTION. >> MOTION TO APPROVE RESOLUTION
2023-06. >> SECOND THE MOTION.
>> ALL RIGHT. IT'S BEEN MOVED AND SECONDED.
WE'LL DO A ROLL CALL VOTE. MIKE?
>> VICE PRESIDENT BOWERS? >> AYE.
>> COMMISSIONER SASENA? >> AYE.
>> MOTION CARRIES. >> THANK YOU.
[7f. Action Item #3 – Resolution 2023-07 re: Franciscan North Confirmatory Resolution]
WE'LL MOVE ON TO ACTION ITEM NUMBER 3.RESOLUTION 2023-07. THE REDEVELOPMENT COMMISSION, CONFIRMING THE DECLARATION RESOLUTION AND DEVELOPMENT PLAN FOR THE NORTH ECONOMIC AREA, WHICH IS THE FRANCISCAN NORTH ALLOCATION AREA. MIKE, YOU'RE UP.
>> ANOTHER CONFIRM TORRY RESOLUTION, THE FINAL STEP IN CREATING THE FRANCIS CAN AREA. THIS IS NORTH OF THE ORTHOPEDIC HOSPITAL AND THAT'S WHERE I WILL BE COULD BE INSTRUCTING THEIR
NEW HEADQUARTERS. >> THANK YOU.
ONCE AGAIN, WE WILL OPEN UP THE PUBLIC HEARING.
IT'S 6:46. ANYONE FOR OR AGAINST ACTION ITEM NUMBER 3? SEEING NONE, WE WILL CLOSE THE PUBLIC HEARING AT 6:46 AND 30 SECONDS.
AND DO WE HAVE ANY QUESTIONS OR COMMENTS FROM THE COMMISSION? ALL RIGHT. WE'LL MOVE FOR A VOTE.
ROLL CALL. >> VICE PRESIDENT BOWERS?
>> DO I HAVE A MOTION? THANK YOU.
>> MOTION TO APPROVE RESOLUTION 2023-07.
>> SECOND THE MOTION. >> IT'S BEEN MOVED AND SECONDED.
>> VICE PRESIDENT BOWERS? >> AYE.
>> COMMISSIONER SASENA? >> AYE.
[7h. Action Item #4 – Resolution 2023-08 re: Bridges II Confirmatory Resolution]
>> MOTION CARRIES. >> I WAS ON A ROLL.
I DIDN'T THINK I NEEDED A MOTION.
WE'LL MOVE ON TO ACTION ITEM NUMBER 4, RESOLUTION 2023-08, DETERMINING THE AMENDMENTS TO THE RESOLUTION AND DEPARTMENT FOR THE NORTH ILLINOIS DEVELOPMENT, THE BRIDGES, TO ALLOCATION AREA. MIKE?
>> THIS IS THE FINAL STEP TO CREATING THE BRIDGE TO ALLOCATION AREA, SOUTH OF THE DISTRICT AND WEST OF CARS.
THIS WILL INCLUDE MULTI-FAMILY AND OFFICE AND RETAIL UNITS IN THE EAST SIDE. THE PROJECT WILL INCLUDE A ROUND
ABOUT, OFF 111 LTH STREET. >> ANY QUESTIONS FOR THE
COMMISSION? >> DO I HAVE A MOTION.
>> MOTION TO APPROVE, RESOLUTION 2023-08.
>> WE DO THE HEARING. OH, WE WILL OPEN THE PUBLIC HEARING FOR ACTION ITEM. ANYONE FOR OR AGAINST THIS --
>> SEEING NONE,ING WITH AN NOW WE'LL HAVE A MOTION
>> MOTION TO APPROVE RESOLUTION 2023-08.
>> I'LL APPROVE THAT MOTION. >> SECOND IT.
>> THANK YOU. MOVED AND SECONDED.
WE'LL NEED A ROLL CALL. >> VICE PRESIDENT BOWERS?
>> AYE. >> COMMISSIONER SASENA?
[7j. Action Item #5 – Resolution 2023-09 re: 111 Penn Confirmatory Resolution]
>> THANK YOU. WE'LL MOVE ON TO ACTION ITEM NUMBER 5. RESOLUTION 2023-09, THE CITY OF REDEVELOPMENT COMMISSION, DECLARING THE DESIGNATION AND DEDICATION OF THE REDEVELOPMENT, TO BE KNOWN AS THE 111 PENN
REDEVELOPMENT AREA. >> THIS IS THE FINAL STEP IN CREATING THE 111, PEN REDEVELOPMENT AREA, NONALLOCATION, BUT REDEVELOPMENT, IN THE CORNER OF
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111TH AND PENNSYLVANIA. THIS IS WHERE THEY ARE TAKE, WILL TAKE PLACE AND IN THE FUTURE, WE WILL CREATEALLOCATIONS FOR THE PROJEK. >> ALL RIGHT, THANK YOU.
WE'LL NEED A PUBLIC HEARING ON THIS.
WE'LL OPEN IT UP AT 6:50. ANYBODY FOR OR AGAINST THE ACTION ITEM NUMBER 5? SEEING NONE, WE WILL CLOSE THE PUBLIC HEARING AT 6:50 AND 15 SECONDS.
S I'LL NEED A MOTION. >> MOTION TO APPROVE RESOLUTION
2023-09. >> SECOND THAT MOTION.
>> VICE PRESIDENT BOWERS? >> AYE.
>> COMMISSIONER SASSENNA? >> AYE.
>> MOTION CARRIES. WE'RE DONE WITH THE PUBLIC
[7k. Action Item #6 – Resolution 2023-10 re: Amendments to Hotel Carmichael agreements]
HEARING PORTION. ITEM NUMBER 6, AMENDMENTS TO HOTEL CARMICHAEL AGREEMENTS. THERE THAT OUR HOTEL PARTNER HAB. RELATED TO THE THOUGH CAR MEEKAL. THOM WE'VE NEVER BEEN INVOLVED IN SOMETHING LIKE THIS BEFORE, SINCE THE APPROVAL OF THE ENTIRETY OF THE HOTEL PROJECT. THE APPROVESALS, THE MAIN TOPICS ARE TWO IN NATURE. THE FIRST IS THAT THE HOTEL PARTNER, THE HOTEL OPERATING ENTITY IS, AS YOU NKNOW, THE COMMISSION ESSENTIALLY BACK STOPS THE LOANS THAT ARE REPAID BY HOTEL REVENUE THAT, THAT THE HOTEL TOOK ON.THOSE LOANS, AS EVERY LOAN WAS DONE IN 2017, 2018, 2019.
USES A LIE BOARD RATE AS ESSENTIALLY AN INDEXING RATE RELATING TO FLOATING INTEREST RATE.
LIVE BOARD WENT AWAY. AND SO WHAT YOU'VE SEEN IN, WELL, ON EVERY SINGLE REAL ESTATE LOAN THROUGHOUT THE NATION, IS MOST BANKS ARE MOVING TO A LIGHT BOARD REPLACEMENT IN ESSENTIALLY COMING TO SOFER, THE REPLACEMENT RATE, AS INDEXING FUND. BEFORE WE HAD A LIGHT BOARD BASE RATE. WE HAVE A LIGHT BOARD RATE.
IN ORDER FOR BOTH OF THE LOBES TO MAKE THE CHANGE, IT REQUIRES.
THE OTHER TOPIC, IN THE MANAGEMENT AGREE AM, THE HOTEL MANAGERS PRO. FRANKLY I THINK I TELL IS DOING BETTER THAN WHAT THE MANAGER PREDICTED.
AND FEE FOR THE MANAGERS, THEY HAVE THE HURDLES, ONCE YOU DO BETTER THAN PROJECTED PERFORMANCE.
THE HOTEL MANAGE GETS 10 PERCENT OF THAT.
ONCE IT GOES ABOVE A CERTAIN NUMBER, THE HOTEL MANAGER GETS 15 PERCENT OF THAT. ONCE IT GOES ABOVE FURTHER NUMBER, THE HOTEL MANAGER GETS 25 PERCENT OF THAT.
ONCE IT GOES, EVEN A LARGER NUMBER IN TERMS OF HOTEL PERFORMANCE BECAUSE THE HOTEL IS DOING BETTER THAN.
AND TO ESSENTIALLY, ONCE IT GETS TO 15 PERCENT OF A CERTAIN HURDLE TO JUST STICK AT 15 PERCENT WITHOUT GOING TO 20 PERCENT, WITHOUT GOING TO 35 PERCENT.
SO THIS IS A NET POSITIVE NEGOTIATION THAT HELPS THE HOTELS PERFORMANCES AT THE DETRIMENT OF THE HOTEL MANAGER ESSENTIALLY. THESE ARE THE KIND OF TWO MINOR
[00:20:02]
ITEMS THAT ONE HAS NO CHANGE FRANKLY BECAUSE THEIR LIGHT BOARD RATE IS REPLACED WITH THE SOFA RATE AND THE OTHER ONE BENEFITS THE HOTEL AT THE DETRIMENT OF THE HOTEL MANAGER.WE VIEW THESE AS MINOR AND ADMINISTRATIVE.
WE REQUEST THE COMMISSIONS APPROVAL OF THE HOTEL ENTERING INTO THE MINOR AGREEMENT MODIFICATIONS.
I'M HAPPY TO ANSWER ANY QUESTIONS.
>> QUESTIONS. I CAN, A COUPLE OF COMMENTS MUCH THIS IS VERY COMMON COMING FROM THE BANKING SIDE OF THINGS.
AL OF THE BANKS HAVE HAD TO DEAL WITH THIS CONVERSION FROM LIGHT BOARD. IT'S TAKEN A WHILE.
JANUARY OR THE FIRST PART OF 22, IS WHEN THEY QUIT USING LIGHT BOARD ON NEW LOANS. THIS IS A LOAN, THAT WAS TAKEN OUT PRIOR TO THE TIME FRAME. AND IT'S TAKEN AWHILE FOR THE BANKS TO COME INTO CONSENSUS TO WHAT IS TO USE.
THE ONE THAT HAS BEEN PICKED. THE ONE THING THAT, AND I DON'T KNOW IF IT'S IN THE DOCUMENT. I HAVE NOT READ EVERY WORD.
THERE'S A SPREAD OVER -- THERE'S A SPREAD OVER.
AND THAT COULD BE ADJUSTED SLIGHTLY TO MATCH THE RATE SO THE RATE TO THE BORROWER, IS NOT GOING TO CHANGE.
>> THAT'S CORRECT. IT'S THE INDICES AND THE SPREAD, WHICH IS VERY, VERY COMMON. THE SECOND PART, I GUESS I COMMEND THE GROUP, FOR LOOKING AT THE HOTEL MANAGEMENT AGREEMENT AND LOOKING AT IT AND SAYING, HERE'S WHAT THE CASH FLOW IS AND HERE'S WHAT THE OVERALL EXPENSES IS.
I THINK -- AND I THINK THIS IS REALLY A BENEFIT TO US.
SO I DON'T KNOW IF ANYBODY ELSE HAS A COMMENT, BUT I THINK BOTH THINGS ARE BENEFICIAL TO US. NOT ONE IS A MUTE POINT OR DOESN'T CHANGE ANYTHING. THIS OTHER ONE DOES.
ANY COMMENT, BILL? WITH THAT SAID, ON ACTION ITEM
NUMBER 6, DO I HAVE A MOTION >> MOTION TO APPROVE RESOLUTION
2023-10. >> AND I'LL SECOND THAT MOTION.
>> IT'S BEEN MOVED AND SECONDED. WE'LL DO A ROLL CALL VOTE.
>> VICE PRESIDENT BOWERS? >> AYE.
>> COMMISSIONER SASANA? >> AYE.
>> HOW ARE YOU, SIR? >> I SURVIVED THE NOR'EASTER.
[7l. Action Item #7 – Approval of 111 S. Rangeline Rd. demo contract]
IF YOU CARE TO TAKE OVER, WE'RE JUST ABOUT TO BEGIN ACTION ITEMNUMBER 7. >> ACTION ITEM NUMBER 7, OKAY.
ALL RIGHT. YOU WANT TO TURN YOUR MICROPHONE
ON, MR. PRESIDENT. >> I FIND NUMBER 7.
>> THANK YOU. OKAY, THIS IS APPROVAL OF THE 111, SOUTH RANGELINE ROAD DEMOLITION CONTRACT.
MELISSA, THIS HAS YOUR NAME SO IF YOU COULD GIVE THE
DESCRIPTION. >> WE RECEIVED THREE QUOTES FOR THE DEMOLITION OF RANGELINE ROAD AND THE SURROUNDING PROPERTIES, WHICH IS 31, 130 FIRST STREET SOUTHEAST, AND 140 FIRST STREET, SOUTHEAST. WHICH MAKES THE ENTIRE BLOCK THERE. DUE TO THE AGE OF THE BUILDINGS IN THE CONTRACT, WE'RE INCLUDING THE ALL ASBESTOS ABATEMENT, THAT IS REQUIRED. AND CSC, IS APPROVAL, THE CONTRACT BEFORE YOU, ON RAISED DEMOLITION ON TERMS, WITH SIERRA STAFF IN THE AMOUNT OF 269,300, WHICH IS PAYABLE TO THE 902 FUND. THE QUOTE RECEIVED WAS THE LOWEST RESPONSIVE QUOTE RECEIVED FOR THE PROJECT.
>> AND FOR THE DESCRIPTION. COMMISSIONERS, QUESTIONS
REGARDING THE PROPOSED CONTRACT? >> SEEING NONE, IF IT'S YOUR
PLEASURE, MOTION OF APPROVAL. >> IT'S BEEN A WORKHORSE.
[00:25:02]
>> MOTION TO APPROVE 111 SOUTH RANGELINE ROAD
>> VERY GOOD. IS THERE A SECOND TO THE MOTION?
>> MOTION. >> IT'S BEEN MOVED AND SECONDED.
MIKE, WOULD YOU PLEASE CALL THE ROLL.
>> VICE PRESIDENT BOWERS? >> AYE.
>> COMMISSIONER SASANA? >> AYE.
[7m. Action Item #8 – Resolution 2023-11 re: Grant of 581 S. Rangeline Rd. to CMCDC]
WE WILL MOVE TO ACTION ITEM NUMBER 8, WHICH IS A RESOLUTION 2023-11, GRANT AGREEMENT WITH THE CARMEL MIDTOWN COMMUNITY DEVELOPMENT CORPORATION FOR GRANT, TO THE CARMEL MIDTOWN DEVELOPMENT CORP. AND MR. DIRECTOR, IT HAS YOUR NAME ON IT. IF YOU WOULD LIKE TO GIVE US A
QUICK EXPLANATION? >> THIS IS A MULTI-MEDIA PRESENTATION HERE. WHAT YOU'RE LOOKING AT IS MONA SQUARE. MONOT SQUARE.
ALMOST ALL OF IT, EXCEPT FOR THE TINY PARCEL RIGHT HERE.
THIS TINY PARCEL IS KNOWN AS, WE CALL IT THE THRIFTY PARCEL.
AND THIS HAS BEEN OWNED BY THE COMMISSION FOR QUITE A LONG TIME. AT SOME POINT, THIS ENTIRE PROJECT IS PART OF A REVLMENT, THAT THE CITY COUNCIL APPROVED LAST YEAR, WHICH I HOPE TO BRING TO THE COMMISSION FOR FINAL APPROVAL SOON. IT WOULD MAKE SENSE THAT ALL THE PARCELS SUBJECT TO WHAT THE PROJECT IS SUBJECT TO WOULD BE OWNED BY ALL OF THE SAME ENTITY. AND THIS IS A REQUEST TO GRANT THE FINAL SLITHER OF LAND OWNED BY THE REDEVELOPMENT COMMISSION TO THE MIDTOWN CDC THAT OWNS THE REST OF THE LAND SO IT COULD BE REDEVELOPED INTO A LARGER PROJECT.
AND I'M HAPPY TO ANSWER ANY QUESTIONS, THAT THE COMMISSIONER
MAY HAVE? >> THANK YOU, MR. DIRECTOR.
COMMISSIONER, IS THERE ANY QUESTIONS FOR THE DIRECTOR REGARDING THIS PROPOSED TRANSFER?
>> I DO HAVE ONE. WHEN DO WE ANTICIPATE THE
TRANSFER TO TAKE PLACE. >> WE'RE HOPING IT WILL TAKE
PLACE WITHIN THE NEXT 30 DAYS. >> VERY GOOD.
THANK YOU. >> ANY OTHER QUESTIONS? SEEING NONE, IF IT'S YOUR, MOVE TO ENTERTAIN A MOTION TO
APPROVE. >> MOVE TO APPROVE, 2023-11.
>> SECOND. >> IT'S BEEN MOVED AND SECONDED.
MIKE, WILL YOU PLEASE CALL THE ROLL.
>> VICE PRESIDENT BOWERS? >> AYE.
>> COMMISSIONER BROOKS? >> AYE.
>> COMMISSIONER SASENA? >> AYE.
>> IT'S APPROVED. >> MR. DIRECTOR ANY OTHER
[9. EXECUTION OF DOCUMENTS]
BUSINESS? >> NO FURTHER BUSINESS.
>> WELL, LET'S SEE, THE NEXT REGULAR MEETING IS SCHEDULED HERE IN THE CITY COUNCIL CHAMBERS ON WEDNESDAY, APRIL 19TH AT 6:30 P.M. AND UNLESS THERE'S AN OBJECTION, I'M GOING TO DECLARE US TO BE IN ADJOURNMENT, PENDING THE EXECUTION OF DOCUMENTS. SO WITHOUT OBJECTION, WE'RE IN ADJOURNMENT. THANK YOU VERY MUCH.
* This transcript was compiled from uncorrected Closed Captioning.