[00:00:09] YOU HEAR US? >> I CANNOT HEAR. NO. THERE WE GO. I CAN HEAR NOW. >> GREAT. >> VERY GOOD. >> WELL, THIS IS A REGULAR [1. PLEDGE OF ALLEGIANCE] MONTHLY MEETING OF THE CARMEL REDEVELOPMENT COMMISSION. WE ARE HERE, IN COUNCIL CHAMBERS, AND OUR FIRST ORDER OF BUSINESS IS THE PLEDGE OF ALLEGIANCE. IF YOU WOULD STAND AND JOIN ME, I WOULD APPRECIATE IT. >> I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL. AGENDA ITEM, I'D LIKE TO INTRODUCE OUR NEW COMMISSION [2. APPROVAL OF MINUTES] NUMBER , SCHALLIOL. WELCOME. GLAD TO HAVE YOU ON BOARD. OUR NEXT AGENDA ITEM IS APPROVAL OF THE MINUTES FROM OUR FEBRUARY 21ST MEETING. ARE THERE ANY CORRECTIONS OR ADDITIONS TO THE DRAFT MINUTES WE HAVE IN YOUR PACKET, COMMISSIONERS? >> SECOND. >> IT HAS BEEN MOVED AND SECONDED. MARIANA, WANT TO CALL THE ROLL, PLEASE? >> PRESIDENT HAMMER? >> AYE. >> VICE PRESIDENT BOWERS? >> AYE. >> SECRETARY BROOKS? >> AYE. [3.a. Cash Flow Report] >> COMMISSIONER SCHALLIOL? >> AYE. >> COMMISSIONER AASEN? >> AYE. >> VERY GOOD. IT IS APPROVED. WE'LL NOW MOVE ON TO FINANCIAL MATTERS , AND MR. LEE, IF YOU WOULD GIVE US THE CASH FLOW REPORT. >> CERTAINLY. THE COMMISSION'S ENTER MONTH BALANCE FOR FEBRUARY WAS $6,811,433 , INCLUDING RESTRICTED FUNDS, $14,544,560. [3.b. Approval of Claims] >> THANK YOU, MR. LEE. ANY QUESTIONS OF MR. LEE REGARDING THE CASH FLOW REPORT? SEEING NONE, WE WILL MOVE ON TO THE APPROVAL OF CLAIMS. ONCE AGAIN, MR. LEE? >> WE HAVE TWO SETS OF CLAIMS BEFORE YOU TONIGHT. FIRST, THE NORMAL OPERATING EXPENSES, THE AMOUNT OF $WANT TO $65,666.78. SECOND FROM THE 2021 BOND IN THE AMOUNT OF 336 -- $336,311.20. PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS. QUESTIONS OF MR. LEE REGARDING THE CLAIMS BEFORE US THIS EVENING, GENTLEMEN? SEEING NONE, IF IT'S YOUR PLEASURE, THE CHAIR WOULD ENTERTAIN A MOTION TO MOVE FORWARD. >> MOVED TO APPROVE. >> THANK YOU. IS THERE A SECOND? >> SECOND. >> AND HAS BEEN MOVED AND SECONDED WOULD YOU PLEASE CALL THE ROLL? >> PRESIDENT HAMMER? >> AYE. >> LAST PRESIDENT BOWERS? >> AYE. >> SECRETARY BROOKS? >> AYE. >> COMMISSIONER SCHALLIOL? >> AYE. >> COMMISSIONER AASEN? [4. EXECUTIVE DIRECTOR REPORT] >> AYE. >> THANK YOU. >> THANK YOU. IT IS APPROVED. THANK YOU, GENTLEMEN. LET'S SEE. THE EXECUTIVE DIRECTOR'S REPORT IS UP NEXT . MR. DIRECTOR? >> THANK YOU, MR. PRESIDENT. I WELCOME OUR NEWLY REPAINTED COUNCIL CHAMBERS . GOING TO TALK ABOUT THREE THINGS, STATUS OF PROJECTS, NEW PROJECT, CITY COUNCIL MONDAY, AND A MUCH SHORTER, CONDENSED VERSION OF A PRESENTATION I GAVE TO COUNCIL EARLIER THIS MORNING. SO, FIRST, AS ALWAYS, CONSTRUCTION WITH WHAT IS GOING ON ALL OVER THE PLACE, LOOK FORWARD TO FIRST ON MAIN, THE WORK ON THE PLAZA NOW AT SOME FOUR WITH MARIE CLOCK COMING BACK , AND NOT GOING TO SAY, NEW SEARCH OPTIONS THAT YOU, BECAUSE I DON'T WANT TO ACTIVATE ANYBODY. SIR JOHNSON SAT YOU THAT WE HAVE HAD IN STORAGE FOR A REALLY LONG TIME -- WE HAVE ALREADY PAID FOR IN A LONG TIME AGO -- IS GOING TO BE INSTALLED IN THAT PLAZA AREA OF THIS PROJECT. GENERALLY, CONSTRUCTION THROUGHOUT THE CENTRAL COURT CONTINUES . THIS IS A CITY SQUARE OF CONDOS THAT WE HOPE TO HAVE START WHAT IS THE LATER PART OF THIS YEAR. THE CROSSING CONTINUES TO MOVE FORWARD . I HAVE, NOW, A PRETTY DATED PITCHER OF ALL OF THE SOUTH RANGE LINE, IN 1930 THREE-POINTER, BECAUSE STEEL IS UP WITH THE AMERICAN FLAG FLYING. WE NOW HAVE RENDERINGS OF WHAT THAT PLAZA IS GOING TO LOOK LIKE, WHICH IS GOING TO BE ABOUT 80% THE SIZE OF MIDTOWN, BUT A VERY COOL PUBLIC SPACE WITH A SCREEN. THIS PROGRAM WILL BE FROM THE CITY. BRING [00:05:06] ANOTHER CLOSER PLAZA TO OUR WESTSIDE RESIDENCE. AT&T PROJECT IS MOVING FORWARD . THEY HAVE GONE AND DONE DEMOLITION. WE SHOULD SEE THE GARAGE GOING UP SOMETIME NEXT FEW MONTHS. CULTURE PROJECT, THE CRC, FIDGETY MONEY TO, AND WE CONTINUE BEING INVOLVED IN IS UNDER CONTROL SOON AS WELL. IT WILL BE NICE TO SEE THE FACADE GO UP ON THAT, AND A BUNCH OF STUFF , AND EARLIER THIS -- OH -- I WANT TO NOTE, THE REDEVELOPMENT STAFF HAS NOW SIGNED THE CONTRACT WITH THIS SPECIFIC PIECE OF ART FOR CASTO. I HAVE BEEN IN COMMUNICATION WITH THE SCHOOL AND THE HEAD ART TEACHER AT THE SCHOOL, AND CASTO, THE ARTIST FROM SPAIN -- HAS ALREADY SPENT ONE SCHOOL CLASS PRESENTING TO THE STUDENTS . THE TEACHERS AND THE STUDENTS ARE GATHERING MATERIALS FROM THE STUDENTS , WHETHER IT BE DRAWINGS, OR OTHER ARTISTIC THINGS THAT COULD BE INTERPRETED, AND THOSE ARE GOING TO BE -- WE'RE GOING TO WORK ON HAVING THOSE GO TO THE ARTISTS SO THAT IS WHAT YOU HAVE HERE -- IS A HEAD . OKAY? THEN, THE HERE -- I DON'T HAVE THE DETAILS, BUT IN THE HERE, IT IS ALL THESE VARIOUS SHAPES, DETAILS, AND THE NOTIONS THAT RELATE TO CARMEL AND THE SCHOOL. THAT'S THE INSPIRATION FOR WHICH THE STUDENTS ARE PROVIDING , WHETHER IT'S DRAWINGS OR WHAT OTHER ARTISTIC MEDIA MIGHT RELAY THEIR IDEAS, AN ARTIST IS GOING TO INCORPORATE ALL OF THAT. THAT IS MOVING FORWARD. YOU SHOULD EXPECT TO SEE SOME STORIES ABOUT THAT IN THE PAPER COMING SOON. ABOUT AN 18-MONTH TIMELINE. SO, THAT WAS TO BE INSTALLED NEXT YEAR. SO, THAT'S MOVING FORWARD. WE HAD A CHANCE TO PRESENT TO CITY COUNCIL ON MONDAY , THE GRAMERCY PROJECT. IT IS -- IT'S A DIFFERENT THAN THE VERSION OF THE GRAMERCY PROJECT PRESENTED A FEW MONTHS AGO, AND THE DIFFERENCE IS THAT THIS HAS 215 LESS MULTIFAMILY UNITS, IT'S GOT 10FOR NEW AGE-RESTRICTED UNITS AND 40 NEW TOWNHOMES. THE NORTHERN PHASE IS SUBURBAN WITH BOTH A MULTI-FAMILY AND FOR SALE , KIND OF MIDDLE-PHASES, ALL FOR SALE, AND THEN THE AREA D IS A CONDO ON TOP OF PARKING WITH A NEIGHBORHOOD RETAIL PROJECT THAT IS VERY NEAT. AREA H IS WHAT OUR URBAN PLAZA IS, AND PARKING GARAGE THAT YOU WILL BE ABLE TO SEE THE PLAZA THROUGH THE PASEO -- YOU CAN TELL FROM THIS PICTURE, AT THE ROUNDABOUT, YOU CAN SEE THROUGH THE CENTER OF THE BUILDING INTO THE PLAZA. I IMAGINE YOU WILL SEE KIDS ENJOYING THEIR LIFE, AND PARENTS OF THE KIDS SIPPING COFFEE AND WATCHING PROPERTY VALUES INCREASE -- I'M GUESSING -- SO THAT WILL BE PRETTY COOL . THE PLAZA -- THIS IS JUST A NOTION -- PARKS DIRECTOR OF CLAIMS IN AND I WILL BE SPENDING MUCH MORE TIME ON DESIGN OF THIS IF COUNCIL CHOOSES TO APPROVE IT , BUT YOU CAN SEE, WE'RE CREATING A NEW URBAN NODE. WE KNOW WALK ABILITY LEADS TO INCREASED PROPERTY VALUES, INCREASED DESIRABILITY AND VIBRANCY. THAT'S WHAT WE'RE DOING HERE. TO OUR NEIGHBORS, TO THE LEFT, - WHICH ARE SOME NEIGHBORS -- AND STEPPING DOWN , STEPPIN DOWN A STORY AS THEY GET CLOSER TO THE NEIGHBORS , AS WE LOVE EVERYONE. SPEAKING OF THAT, WE HAD -- LAST WEEK -- I THINK , A VERY SICK A SMALL NEIGHBORHOOD MEETING ON THIS. A LOT OF PEOPLE SHOWED UP.COUNCILMEMBER AASEN AND A LOT OF OTHER COUNSELORS WERE THERE. I THINK IT WAS WELL RECEIVED. THERE'S A LOT OF GOING ON FOR THE RNC PROJECT. RIGHT NOW, THERE. THAT'S OKAY. MS. IS THE COUNCIL FINANCE -- LADIES COMMITTEE -- NOW IT PROBABLY A COUPLE OTHER LAND-USE MEETINGS I WILL GO TO COUNCIL FINANCE COMMITTEE THAT WILL BE BROUGHT BACK . THIS IS ONE WHERE WE'LL PROBABLY GREAT ALLOCATION AREAS NEXT YEAR WHEN SOME OF THESE VALUES MAKE SENSE AND SOME OF THE DEMOLITIONS HAPPEN. SO, I WANT TO SPEND FIVE MORE MINUTES, IF I COULD , TALKING ABOUT SOMETHING WE DISCUSSED AT CITY COUNCIL. JUST TRY TO GO QUICK . ESSENTIALLY, THIS IS THE MAP OF OUR LOVELY CITY. AND IT'S BASED ON ASSESSED [00:10:06] VALUE PER ACRE. LET'S SEE. HOW DO I CONTROL THIS? ALL RIGHT. CITY OF CARMEL -- A COUPLE OF THINGS I WANT TO POINT OUT -- FIRST IS WHAT DENSITY -- WHAT YOU ARE LOOKING AT IS ASSESSED VALUE PER ACRE WITH, OBVIOUSLY, THE SMALLEST THING BEING -- I DO HAVE A LEGEND HERE -- WHAT IT'S WORTH, BUT DOES IT MATTER? OBVIOUSLY, IF THE BOXES AREN'T BIG, YOU HAVE A LOW-ASSESSED VALUE PER ACRE, WHICH MAKES SENSE, BECAUSE IT IS OUR WESTSIDE THAT IS STILL VERY SUBURBAN, ALTHOUGH STILL HAS SOME EXCELLENCE OF HOUSES, ESPECIALLY ON THE WEST GREAT AREA, SO YOU CAN SEE SOME ASSESSED VALUE BEING BUILT UP HERE, BUT, REALLY, THIS GIANT BUNCH UP OF ASSESSED VALUE, HERE, IS HAPPENING FOR TWO REASONS. ONE, THERE'S NEIGHBORHOOD RETAIL AS PART OF THIS, SO THAT GETS ASSESSED FOR SORRY -- SAME ASSESSED VALUE, TAX IT MORE, SAME ASSESSED, BUT BECAUSE IT'S COMMERCIAL, IT HAS GOT MORE ASSESSED VALUE, AND THIS IS ALSO WHERE YOU HAVE A BUNCH OF APARTMENTS AND FOR SALE UNITS WILL KIND OF ON TOP OF EACH OTHER, SO YOU HAVE THIS NODE OF A LOT OF ASSESSED VALUE THANKS TO THE WEST GLADE AND WHAT IS OTHERWISE A FAIRLY SUBURBAN AREA. IF WE FLY OVER TO OUR EASTSIDE -- OR THAT STUFF IN THE MIDDLE THAT WE CAN TALK ABOUT LATER -- THE EASTSIDE IS A LOT OLDER COMPARED TO THE WESTSIDE. SO, IT CONTINUES TO BE VERY SUBURBAN , COMPARATIVELY LOW-ASSESSED VALUE, BUT UP LEGACY, THERE'S ALSO SOME RETAIL AND WALK ABILITY, ALSO SOME CONDO , AND YOU CAN TELL THESE ARE THE CONDOS BY THE KIND OF ASSESSED VALUE WE OWN. THEN, THERE'S TWO MORE THINGS TO CONSIDER HERE. THE FIRST IS THIS IS OUR U.S. 31 CORRIDOR , WHERE THE CITY PARK WOULD LIKE? WE CAN ALL TELL THIS IS PARKWOOD. HERE WE ARE, GOING UP US 31 . THE MAIN TAKE AWAY FROM ALL OF THIS IS THIS IS WHERE WE HAVE OUR GIANT, YOU KNOW, 10-STORY BUILDINGS ASSESSED VALUE PER ACRE BECAUSE OF THE PARKING LOTS. IT IS NO DIFFERENT THAN VILLAGE LAST PLAY ON ASSESSED VALUE PER ACRE BASIS. IN FACT, THE ONLY THING THAT STANDS OUT ON ALL US 31 ARE THESE 2 PARCELS .SO, TACK AND CAR. THAT'S WHY THERE'S SO MUCH HIGHER ON A PER ACRE BASIS, BECAUSE THE TEAM WITH GARAGES AS A PART OF THE DEVELOPMENT PROJECT, SO WE CAN CHANGE PLANNING, AND OBVIOUSLY, THE BIG TAKE AWAY IS , YOU KNOW, THIS IS WHAT POWERS THE CITY FOR THE LAST 30 YEARS IN TERMS OF ATTACKS SPACE AND ALL THESE COMMERCIAL PROPERTIES. LOOK, WE BUILT . LOOK AT WILL BE BUILT IN THE CENTRAL COURT .IT'S SO COOL TO JUST -- THIS IS OUR LIFE HERE, SO WE GET THE NERD OUT ON THAT STUFF. THIS IS GRAMERCY THAT I HAVE STUCK IN WITH THE FUTURE ASSESSED VALUE OF GRAMERCY. YES, FUTURE, BUT, LIKE , HEY, THERE'S OF THE MUSIC. LIKE , THIS IS OBVIOUSLY -- RIGHT HERE -- THE PRESIDIO WITH THIS BIG, BLUE -- WHAT DO I CALL THIS? NOT A LINE, BECAUSE WE ARE ON A BAR. YEAH. 3-D. THIS IS THE OREGON OFFICE BUILDING ON THE PRESIDIO. YOU CAN SEE IT AT THE CORNER. THIS IS THE CONDO BUILDING. THAT'S A LOT OF ASSESSED VALUE. LOOK AT HOW MUCH ASSESSED VALUE IS FOR THE PRESIDIO SPINNING OFF. THIS, RIGHT HERE, THE PRESIDIO TWO UNDER CONSTRUCTION NOW, ASSESSED VALUE. THIS IS CITY CENTER. THERE IS OUR HOTEL . LITERALLY, ONE OF THE HIGHEST ASSESSED THINGS IN CITY CENTER. THIS IS PROBABLY THOSE CONDOS THAT ARE LIKE THE $7 MILLION CONDOS SITTING AT THE TOP OF CITY CENTER. THIS IS CRAZY ASSESSED VALUE THAT WE BUILT. LOOK AT MIDTOWN. THIS IS MIDTOWN ASSESSED VALUE , AND ARE MAIN STREET, A TOWN, RIGHT HERE, MAIN STREET, RIGHT HERE. SO, OUR FINANCIAL FUTURE BECOMES MORE AND MORE SECURE EVERY TIME WE DO A TIF PROJECT. IMAGINING HOW THE CITY WAS POWERED BY A LOT OF LOW KIND OF SUBURBAN DEVELOPMENT IN THIS COMMERCIAL TAX BASE AROUND US 31. IMAGINE WHAT OUR CITY FINANCES LOOK LIKE WHEN THESE AREAS BEGIN TO ROLL OFF FROM THE TIF. WE ARE SECURE IN OUR FISCAL FUTURE FOR A LONG TIME BECAUSE OF CRC PROJECTS , AND THE MORE WE DO, THE BETTER FINANCES WE ARE IN. WITH THAT, I WILL STOP AND ANSWER ANY QUESTIONS. >> COULD YOU SHOW US 4-21. >> 4-21 IS A WEIRD THING, BECAUSE A LOT OF THOSE TIF AREAS ARE -- SPUN AROUND -- A [00:15:06] LOT OF THE TIF AREAS ARE IN THE COUNTY, SO THEY'RE NOT EVEN OUR TO AREAS, BUT IT'S SUBURBAN THIS 4-21 IS AS SUBURBAN AS IT GETS, SO WE'RE JUST NOT GETTING THESE LARGE ASSESSED VALUES . MY GUESS IS THIS YELLOW THING IS PROBABLY WHAT IS >> THE TARGETS? >> THIS IS PROBABLY THE STORAGE, IF I HAD TO GUESS. >> YEAH. >> CAN'T HELP. >> AND THE RETAILERS? >> IN LARGE PART OF IT IS >> YES. >> I KNOW THE 10 -- THE LIGHTEST COLOR -- THAT'S NOT ZERO, BECAUSE I KNOW THERE ARE HOMES AND STUFF THERE. SO, WHAT IS THE MINIMUM TO REACH ORANGE? THIS FOR THE LEGEND. SO, THE 10 IS BELOW HOW MUCH? >> I CAN SEE THAT. >> MY SCREENS ARE MIRRORED. >> THEY'RE NOT MIRRORED. SO, THE BLUE IS STARTING AT 18 MILLION AN ACRE . THAT 10 IS UP TO $670,000 AN ACRE . >> OKAY. >> THAT IS STILL AND FLAT, AND THEN IT GOES UP WITH THE AUDIT BETWEEN 700,000 AND WANTED MILLION, 5, THE RED IS 1 MILLION, 5, 3.2 3 MILLION, AND THE BLUES ARE LIKE 10 MILLION OR 18 MILLION AS THE STARTING POINT. >> TO EMPHASIZE, WANT TO NOT LOOK AT THE 10 AND THINK, IT IS ZERO, BUT IT IS NOTHING THAT WE ARE SEEING WITH MILLIONS OF DOLLARS FOR THE BLUE AND THE GREEN. >> RIGHT. WE'RE TALKING ABOUT $600,000 FOR THE VALUE BREAKER OVER HERE , BUT THAT'S PROBABLY CENTRAL PARK, SO THAT IS ASSUMED AS ZERO. BUT, OVER HERE, AND THEN, YOU KNOW, THE HOTEL IS SITTING AT 20 MILLION AN ACRE OR 30 MILLION AN ACRE. >> CAN I USE AN EXAMPLE -- A YEAR OR SO AGO -- I THINK IT WAS MAYBE THE IKEA STORE RACE HOW MANY ACRES THAT TOOK, THE COST VS. MAYBE JUST AS A REFERENCE POINT. >> YEAH. WE DO THIS ANALYSIS WILL BE COMPARE THE FISSURES IN THE TOPGOLF WITH IKEA , AND THAT'S ABOUT 50 ACRES OF THIS $50 MILLION OF VALUE AND ABOUT 50 ACRES OF LAND, AT LEAST WHEN WE DID THIS A FEW YEARS AGO, THAT'S WHAT WAS, THEN A FEW SQUARE CENTRAL QUARTERS, $50 MILLION ASSESSED VALUE ON 2 ACRES OF LAND. IT'S A WALK ABILITY THAT BUILD VIBRANCY, BUILD ASSESSED VALUE. THEY ALL WORK TOGETHER. YOU KNOW, I GIVE THESE PRESENTATIONS FROM OUR CITY COUNCIL OF THIS WHEN I SAY, THESE ARE OUR ASSESSED VALUES FROM SOMETHING TO SOMETHING ELSE -- IT IS VERY ESOTERIC. THANKS TO THIS MAP THAT SHANE BURNHAM FROM OUR ENGINEER DEPARTMENT PUT TOGETHER, THIS IS AN ONE THAT ISN'T ESOTERIC AT ALL. THIS IS A, HOLY MOLY KIND OF MOMENT, WHERE YOU ARE LIKE, OH, WOW, HEY, THE CRC DOES GOOD THINGS . REMEMBER THAT, EVERYONE. >> IT IS ALSO SAFE TO SAY THAT MOST OF THE GREEN AND BLUE IT ALSO TAXED AT A DIFFERENT PERCENTAGE THAN HOMES . >> THAT'S RIGHT. ANOTHER THING I MENTIONED, CITY COUNCIL, THIS IS A PROPERTY TAX MAP . I WOULD VENTURE TO SAY THAT IF WE DID AN INCOME TAX PER DENSITY MAP, IT WOULD LOOK EXACTLY LIKE THIS , BECAUSE THIS IS WHERE OUR URBAN APARTMENTS ARE, WHERE WE HAVE 150,000 A YEAR KIND OF SALARY TENANTS, 200 UNITS PER -- WE'LL TAKE IT ALL. BUT -- BUT -- YEAH. YES. BUT, I WOULD ASSUME, IF WE DID A BREAKDOWN OF INCOME TAXES, IT WOULD LOOK VERY SIMILAR THEN -- WHEN YOU ARE LOADING OF 200 UNITS ON 3 ACRES, THE INCOME TAX GENERATION FROM THAT, HAPPENING, IT IS INCREDIBLE. SO, I DON'T-- THE CITY PUT MY KIND OF VISION TATIAN OUT . I HOPE MORE PEOPLE SEE IT, BECAUSE THIS IS REALLY EYE-OPENING STUFF . THAT CONCLUDES MY DIRECTORS REPORT. I'M HAPPY TO TALK ABOUT ANYTHING. THIS IS WHERE MY LONGER DIRECTORS REPORTS. I WON'T DO IT AGAIN. SORRY. CF1 O HAPPY TO ANSWER ANY OTHER QUESTIONS OR COMMENTS THAT THE COMMISSIONERS MAY HAVE ABOUT THIS OR ANYTHING ELSE. >> COMMISSIONER? >> YEAH. IS THIS GRANT MADE AVAILABLE TO THE PUBLIC ON THE WEBSITE ANYWHERE? >> IT IS NOT YET. WE'RE WORKING THROUGH THAT, BUT I KNOW THE CITY PUT OUT MY PRESENTATION TO CITY COUNCIL, AND PUBLICIZED IT , AND I HOPE THAT'S THE LENGTH THAT CAN BE SHARED. WITH COUNCIL, THERE'S A LOT OF BACK-AND-FORTH WITH [00:20:02] THE NUMBER OF COUNCILS, INCLUDING COUNSELOR AUSTIN. I THINK THAT CONVERSATION IS ALSO HELPFUL FOR CONTEXT THERE AS WELL. SO, I WOULD HOPE THAT YOU COULD AT LEAST SHARE MY PRESENTATION. >> THANK YOU. >> OTHER QUESTIONS, COMMISSIONERS? SEEING NONE , [5. COMMITTEE REPORTS] AT THE MOMENT, WE WILL THEN -- >> THANK YOU. >> THANK YOU, MR. DIRECTOR, FOR YOUR REPORT. WITH THE NUMBER WANT TO COMMITTEE REPORTS, ARCHITECTURAL REVIEW COMMITTEE. MR. PRESIDENT ? >> WE DID NOT MEET LAST MONTH. ICE PICK WE WILL IN THE NEAR [7.a. Action Item #1 – Declaratory Resolution 2024-01 re: Midtown Gateway allocation area] FUTURE. >> THANK YOU, COMMISSIONER BROOKS. IS THERE ANY OLD BUSINESS TO COME BEFORE US THIS EVENING? >> THERE IS NOT. >> THEN WE WILL MOVE ON TO NEW BUSINESS . IN OUR FIRST ACTION ITEM, A DECLARATORY RESOLUTION, 2024 DASH 01, THE MIDTOWN GATEWAY ALLOCATION AREA. JUST TO REVIEW, BRIEFLY, THE FOUR STEPS THAT WE GO THROUGH -- IT BEGINS WITH THE DECLARATORY RESOLUTION, AND THEN IT GOES TO THE PLANNING COMMISSION FOR THEIR ACTION , AND THEN GOES TO CITY COUNCIL , AND THEN THE COMES BACK HERE FOR BOTH A PUBLIC HEARING AND A FINAL CONFIRMATORY RESOLUTION. SO, THIS IS THE FIRST STEP.WITH THAT, MR. LEE ? >> I DO WANT TO ADD ONE QUICK COMMENT. AS PRESIDENT HAMMER SAYS, TO TRULY ALLOCATE AN AREA IS A FOUR-STEP AREA, AND THE ALLOCATION AREA IS NOT DONE DO WE GO THROUGH COUNCIL, BACK TO CRC, AND OUT OF RESPECT FOR COUNCIL, IF THERE'S ANY FUTURE DEAL COMING THAT COMES WITH A BOND REQUEST, TO THE EXTENT WE CAN, WE TRIED TO BRING AN ALLOCATION AREA OR PROJECT AT THE SAME TIME AS WE BRING A BOND REQUEST FOR A PROJECT.SO, IT IS QUITE OFTEN THAT, WHAT HAPPENED AT THE CRC, THAT WE SEE AN ALLOCATION BEING AN AREA FORMED BEFORE THE PROJECT ACTUALLY GOES TO COUNCIL FOR APPROVAL. BECAUSE WE ARE TRYING TO GO THROUGH CRC PLANNING COMMISSION TO BRING THE BOND AND ALLOCATION AREA TO COUNCIL AT THE SAME TIME SO THAT THEY CAN HEAR BOTH AT THE SAME TIME. SO, THERE ARE TIMES WHERE NO ONE HAS SEEN A PROJECT, BUT WE ARE GEARING UP AN ALLOCATION AREA. IF THE COUNCIL DOESN'T HAVE THE PROJECT, EVERYTHING IS KIND OF GOES AWAY, BUT WE ARE TRYING TO BE EFFICIENT AS WE DEE ANY OF THESE THINGS UP FOR CITY COUNCIL. >> THANK YOU, MR. DIRECTOR. COMMISSIONER LEE, ACTION ITEM NUMBER ONE. >> THANK YOU. WE PRETTY MUCH ALREADY DID HALF OF WHAT I WAS GOING TO SAY HERE. SO, THAT IS AWESOME. MIDTOWN GATEWAY, HERE, LOCATED BETWEEN VETERANS WAY AND SOUTH RANGELINE ROAD, JUST SOUTH OF ELM STREET , THERE, FORMERLY 4TH, WHERE THE MALO AUTO CARE PROPERTY WAS, AND THIS NEXT PHASE OF MIDTOWN WILL HAVE SOME COMMERCIAL AND MULTIFAMILY COMPONENTS TO IT. WE ARE WORKING WITH THE DEVELOPER ON THE EXACT TAKEDOWN OF WHAT THOSE DIFFERENT COMPONENTS WILL BE ON THIS SITE . WE'LL HAVE A MORE FORMAL PRESENTATION ON THIS AT A LATER DATE, PROBABLY THE SAME MONTH THAT WE PRESENT THIS TO COUNCIL. HAVING SAID THAT, THIS IS TO GIVE FOLKS ABILITY TO THE COUNCIL FOR WHEN THEY WANT TO ACTUALLY APPROVE THIS AT THE SAME TIME AS THE BONDS , SO WE'RE JUST GETTING THIS SET UP NOW, AT THIS TIME, WITH THE CRC, AND WE'RE ASKING FOR THIS APPROVAL AT THIS MEETING, BECAUSE THIS YEAR IS WHEN IT WOULD BE MOST ADVANTAGEOUS FROM AN EV PERSPECTIVE, AND ALSO ADDS FLEXIBILITY FOR THE CITY COUNCIL THE NEXT FEW MONTHS. >> THANK YOU, MR. LEE. QUESTIONS WITH MR. LEE, COMMISSIONERS? DID YOU -- >> COMMISSIONERS? >> THE CITY COUNCIL ALREADY PROVED THE PROPERTY ACQUISITION RELATED TO THIS PROJECT. RIGHT? THIS WAS THE PREVIOUS CITY COUNCIL. >> YEAH., THEY GOT A LITTLE IT IS NOT A FULL PRESENTATION, BUT A LITTLE? >> WE DID NOT TALK ABOUT ANY OTHER PROGRAMMING FOR THE PROJECT. WE DISCUSSED THAT WILL BLOCK 45, A PART OF THE MIDTOWN PUD, AND THAT SOME FOUR, IT GETS REDEVELOPED AND WE NEEDED TO HELP MOVE THAT FORWARD WITH THE PROPERTY ACQUISITION, KNOWING THE ACTUAL PROJECT WAS GOING TO COME TO COUNCIL AND SOME POINT. >> OKAY. AT THIS. >>>, THIS IS THE -- IT WAS THE PREVIOUS COUNCIL,, THE COUNCIL HAS ALREADY PUBLICLY HEARD A LITTLE BIT ABOUT THIS ALREADY, AND TAKEN ACTION TO DO THE PROPERTY ACQUISITION IN SUPPORT OF MOVING THIS FORWARD? >> OKAY. >> OTHER QUESTIONS, COMMISSIONERS? SEEING ON, IF IT'S YOUR PLEASURE, THE CHAIR WOULD ENTERTAIN A MOTION. >> SO MOVED. >> SECOND. >> IT'S BEEN MOVED AND SECONDED. WOULD YOU CALL THE ROLL, PLEASE? >> PRESIDENT HAMMER? >> AYE. >> VICE PRESIDENT BOWERS? >> AYE. >> SECRETARY BROOKS? >> AYE. [7.b. Action Item #2 – Declaratory Resolution 2024-02 re: 106th and Illinois allocation area] >> COMMISSIONER SCHALLIOL? >> AYE. >> COMMISSIONER AASEN? >> AYE. [00:25:01] >> IT IS APPROVED. THANK YOU VERY MUCH. WE WILL MOVE ON TO OUR SECTION -- SECOND ACTION ITEM, WHICH IS DECLARATORY RESOLUTION 2024 DASH 02 , WHICH IS DESIGNATING THE 106 AND ELEANOR ECONOMIC DEVELOPMENT AREA . ONCE AGAIN , WAS TRULY . >> THANK YOU. AS YOU SEE, THIS IS LOCATED AT THE SOUTHWEST INTERSECTION OF 106 AND ILLINOIS AND , AT THIS ALLOCATION AREA, WE WILL HAVE AN AGE RESTRICTED, MULTIFAMILY DEPARTMENT ON IT. THIS WILL MOST LIKELY BE A DEAL WHERE THE CRC CONTRIBUTE MONEY TOWARDS O INFRASTRUCTURE RATHER THAN AN ACTUAL ECONOMIC DEPARTMENT BOND. THIS PROJECT IS STILL IN DESIGN STAGES, SO WE WILL HAVE MORE DETAILS FOR RENDERINGS WITH REVIEW AT A LATER DATE AS WELL . >> THANK YOU, MR. LEE. QUESTIONS OF MR. LEE REGARDING THIS PROJECT? SEEING ON, IF IT'S YOUR PLEASURE, COMMISSIONERS, CHAIRMAN, ENTERTAIN A MOTION OF APPROVAL. >> MOVED TO APPROVE THE RESOLUTION 2024 DASH 02. >> SECOND. >> AND HAS BEEN MOVED AND SECONDED. CALL THE ROLL, PLEASE. >> PRESIDENT HAMMER? >> AYE. >> VICE PRESIDENT BOWERS? >> AYE. >> SECRETARY BROOKS? >> AYE. [7.c. Action Item #3 – Declaratory Resolution 2024-03 re: Legacy II allocation area] >> COMMISSIONER SCHALLIOL? >> AYE. >> COMMISSIONER AASEN? >> AYE. >> THANK YOU. >> THANK YOU VERY MUCH, COMMISSIONERS. WE'LL NOW MOVE ON TO OUR THIRD ACTION ITEM, WHICH IS RESOLUTION 2024 DASH 03. AMENDING THE LEGACY ECONOMIC THE ELEMENT AREA AND DEVELOPMENT PLAN . MR. LEE? >> THANK YOU FOR THIS IS CURRENTLY LOCATED IN THE LEGACY ALLOCATION AREA OFF 146TH TO DESIGNATE THIS AS A NEW AREA. THE PROJECT ON THIS SITE WILL INCLUDE THE COTTAGES AND MULTIFAMILY AND OTHER COMMERCIAL USES. THE INFRASTRUCTURE FOR THIS AREA WAS PUT IN PLACE WITH THE 2017 B-1 BONDS, AND THE PAYING OF THIS WILL BE TOWARDS THE DEBTS OF THE BOND SERVICE. ANY QUESTIONS? LET ME KNOW. >> THANK YOU, MR. LEE. QUESTIONS OF MR. LEE REGARDING THE PROJECT? YES, COMMISSIONER AASEN. >> I WANTED TO POINT OUT FOR ANYONE WANTING OR ANY COMMISSIONERS, THE PROJECT ON THIS WAS APPROVED A NUMBER OF YEARS AGO BY THE CITY COUNCIL, SO THERE'S NO FORTHCOMING PROJECT FOR THIS ONE. >> WE ARE TRYING TO BE AS EFFICIENT AS POSSIBLE WITH THE TIF HERE, AND THIS INITIAL STAGE OF THE PROJECT HAS TAKEN ABOUT 10 YEARS LONGER THAN ANTICIPATED TO GET STARTED, SO WE ARE TRYING TO CAPTURE THE TIF WE INTENDED TO CAPTURE ESSENTIALLY. >> COMMISSIONER DIRECTOR, ANY OTHER QUESTIONS? EXCUSE ME, COMMISSIONER BOWERS . >> COULD YOU REFRESH IT? THIS HAS BEEN THROUGH SEVERAL ITERATIONS OF THE TIF, WHICH I THINK IS NOW GONE BACK TO THE REDEVELOPMENT COMMISSION. CORRECT? >> CORRECT. >> SO, HOW DOES THIS CHANGE ? WHAT IS THAT SORT OF GLOBAL PICTURE? >> IT DOESN'T. JUST, THE TIMING IS DIFFERENT, BUT BEFORE IT, THIS WAS ANTICIPATED TO BE EARLIER, AS YOU SAID. AND SO, THIS NEXT IS JUST THE TIMELINE FOR IT. >> WE WERE GOING TO LOSE, LIKE, A DECADE OF THIS PROPERTY COMING ONLINE. >> MISSING THAT PIECE -- >> OTHER QUESTIONS AT THIS POINT? SEEING NONE, THE CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL. >> SO MOVED. >> THANK YOU, COMMISSIONER. >> SECOND. >> SECONDED AND MOVED BY BOTH COMMISSIONER AASEN AND COMMISSIONER BROOKS. WITH THAT, MARIANA, WOULD YOU PLEASE CALL THE RURAL? >> PRESIDENT HAMMER? >> AYE. >> VICE PRESIDENT BOWERS? >> AYE. >> SECRETARY BROOKS? >> AYE. >> COMMISSIONER SCHALLIOL? >> AYE. >> COMMISSIONER AASEN? >> AYE. >> THANK YOU. >> IT HAS BEEN APPROVED. THANK YOU VERY MUCH, COMMISSIONERS. IS THERE ANY OTHER BUSINESS TO COME BEFORE US THIS EVENING? >> THERE IS NOT. >> WELL, THEN, BEFORE WE ADJOURN, I WOULD JUST LIKE TO REMIND EVERYBODY WE HAVE A CELESTIAL EVENT COMING UP HERE IN A COUPLE OF DAYS , ON APRIL 8TH, I BELIEVE IT IS, RIGHT AT 3:00 IN THE AFTERNOON IF YOU ARE GOING TO LOOK JUST AS QUITE A BIT GOING ON AROUND TOWN -- AND IN THE COUNTY -- YOU CAN SEE A LOT OF THINGS HAPPENING IN THE CURRENT -- SOME ARE PUTTING TOGETHER PUBLIC DRAFTS, BUT MAKE SURE YOU HAVE SAFETY EYEWEAR, [00:30:05] BECAUSE YOU CAN DAMAGE YOUR EYES LOOKING AT THE SUN, AND SUNGLASSES ARE NICE, BUT THEY'RE NOT DESIGNED TO -- >> THAT'S AWESOME AT THE AGE WAY WAS GIVING OUT GLASSES, AND THERE WAS A RECALL ON THEM, AND THE RECALL WAS THAT IT BLOCKED ALL SUNLIGHT, SO YOU WOULDN'T HAVE BEEN ABLE TO SEE THE ECLIPSE, SO THEY WERE EXTRA PROTECTIVE, THESE GLASSES. [9. EXECUTION OF DOCUMENTS] >> A LITTLE TOO PROTECTIVE. ANYWAY, BE CAREFUL. ENJOY THE ECLIPSE, AND ENJOY ALL THE GOINGS-ON AROUND IT. IF THERE'S NO OBJECTION, I WILL DECLARE US TO BE ADJOURNED PENDING THE EXECUTION OF * This transcript was compiled from uncorrected Closed Captioning.