[1. PLEDGE OF ALLEGIANCE]
[00:00:09]
>>> GOOD EVENING, LADIES AND GENTLEMEN. THIS IS THE REGULAR MONTHLY MEETING OF THE CARMEL REDEVELOPMENT COMMISSION. WE ARE HERE IN CITY COUNCIL CHAMBERS AND WE DO HAVE A QUORUM OF OUR MEMBERS PRESENT, AND SO I WOULD -- IN FACT, WE HAVE ALL OF OUR MEMBERS PRESENT, WHICH IS -- IN PERSON, TOO, SO THAT'S VERY NICE. SO IF YOU WOULD STAND AND JOIN ME IN THE PLEDGE OF ALLEGIANCE. 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.
[2. APPROVAL OF MINUTES]
>> I THANK YOU VERY MUCH. WE WILL NOW MOVE ON TO OUR NEXT ORDER OF BUSINESS, APPROVAL OF THE MINUTES OF OUR JUNE 18TH MEETING.
ARE THERE ANY CORRECTIONS TO THE DRAFT MINUTES PROVIDED IN YOUR PACKAGE, GENTLEMEN?
>> THANK YOU. IS THERE A SECOND? IT'S BEEN MOVED AND SECONDED. ALL IN FAVOR PLEASE SAY AYE.
[3.a. Cash Flow Report]
ANY OPPOSED? THE MINUTES ARE APPROVED.THANK YOU VERY MUCH. WE WILL NOW MOVE ON TO OUR FINANCIAL MATTERS. AND MR. LEE, I WOULD ASK YOU PROVIDE US A CASH FLOW REPORT, PLEASE.
>> THANK YOU. THE COMMISSION'S END OF MONTH BALANCE FOR JUNE WAS $8,741,435 AND INCLUDING RESTRICTER FUNDS IT WAS $20,824,016.
>> THANK YOU, MR. LEE. ANY QUESTIONS OF MR.
[3.b. Approval of Claims]
LEE REGARDING THE CASH FLOW? SEEING NONE, WE WILL MOVE ON TO APPROVAL OF CLAIMS. ONCE AGAIN, MR. LEE.>> YOU HAVE TWO SETS OF CLAIMS BEFORE YOU TONIGHT.
ONE FOR NONOPERATING EXPENSES IN THE AMOUNT OF 8,870. 33 AND THE SECOND ONE IS FROM THE 2021 TIF FUNDS IN THE AMOUNT OF 18,464.50. PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS.
>> THANK YOU, MR. LEE. ARE THERE ANY QUESTIONS OF MR. LEE REGARDING THE CLAIMS THAT ARE BEFORE US THIS EVENING?
>> IF NOT, THE CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL.
>> IT'S BEEN MOVED AND SECONDED.
>> OPPOSED, SAME SIGN. IT IS APPROVED.
[4. EXECUTIVE DIRECTOR REPORT]
THANK YOU VERY MUCH. WE WILL NOW MOVE ON TO THE EXECUTIVE DIRECTOR'S REPORT.>> THANK YOU, MR. PRESIDENT. IT'S BEEN A BUSY MONTH HERE AT THE REDEVELOPMENT COMMISSION.
WE'LL GO THROUGH SOME PROJECTS, CONSTRUCTION CONTINUES NOW THAT WE KNOW THAT PART OF THE INTERIOR WILL BE A HOTEL EXPANSION WE DISCUSSED AT OUR LAST MEETING. THE WINDSOR IS FINISHING UP.
IT'S APPROPRIATE THAT WE START OUR CONVERSATION WITH CITY CENTER BECAUSE EARLIER THIS MONTH THE MAYOR AWARDED THE CARMEL ARCHITECTURE AWARD TO STEVEN STURTZE WHO HEADS UP THE DESIGN GROUP AND HAS BEEN THE HEAD ARCHITECT FROM DAY ONE. HIS IMPACT ON THE CITY EVERYTHING WAS A PROJECT IN THAT IMAGE SO WHAT YOU SEE IS WHAT THE CITY USED TO LOOK LIKE 20 YEARS AGO AND EARLY, EARLY RENDERING THAT STEVE STURTZE DID AND NOW OUR CITY LOOKS EXACTLY LIKE THAT RENDERING THAT WAS DONE 20 YEARS AGO.
SO THAT IS A TESTAMENT TO A LOT OF GREAT PEOPLE. STEVE STURTZE DREW IT.
MAYOR FINKAM HAD A CELEBRATION OF HIM AND SAID SOME VERY NICE THINGS IN THAT IMAGE TO THE VERY RIGHT IS THE CEO OF P.ETCORP.
THE ARCHITECTURE AWARD HAS ONLY BEEN GIVEN TWICE IN THE PAST TO DAVID OLIVER WHO IS A DECEASED BRITISH ARCHITECT THAT HAD SOME INITIAL NOTIONS FOR CITY CENTER THAT HE SHARED WITH MAYOR BRAINERD AND MANY THAT WERE THE ONLY TWO FORMER RECIPIENTS.
NORTH CONSTRUCTION CONTINUES, THE FIRST PICTURE THAT I'LL SHOW WITH÷÷WITH IN THE AIR.
WE CELEBRATE THOSE MOMENTS. MAGNOLIA USES ARE MOVING FORWARD. CONTINUES TO LEASE OUT FOR RETAIL, LOOKING FORWARD TO THAT SUSHI SPOT OPENING. OUR PICTURE IS NOW DATED BECAUSE
[00:05:01]
THERE'S NOW WALLS OUT OF STICKS ERECTED AROUND THE GARAGE PROPERTY NOW. THAT CONSTRUCTION IS IN FULL SWING. WHICH IS COOL TO SEE, FOLLOWING UP WITH HAMILTON CROSSING.WE HAD THE FACADE APPROVED AT OUR ARCHITECTURAL MEETING.
PROSCENIUM WE CONTINUE TO WORK ON THAT.
I WANT TO SHOW APPRECIATION TO TONY WHO HAS DEMOLISHED SOME OF THE HOUSES IN FRONT OF CITY HALL THAT WERE MAYBE NOT THE BEST ENTRANCE BUT LOOKS BETTER NOW. THE PLAZA IS COMING NEXT YEAR.
LOTS OF WORK BEING DONE ON THE AT&T SITE.
ANOTHER CRANE UP IN THE AIR AT THE PLAZA. LOTS OF PROGRESS ON THAT.
FINALLY THE REDEVELOPMENT COMMISSION IN 2023 COMMISSIONED THIS ART CALLED TAKING FLIGHT THAT YOU CAN SEE ON THE LEFT.
IT WAS INSTALLED THIS WEEK. MAYOR FINKAM MET WITH A WORLD CLASS, A WORLD RENOWNED -- HE'S THE GUY THAT'S DRESSED LIKE AN ARTIST IN THAT IMAGE.
THAT GUY HAS NO ARTISTIC TALENT. THIS IS MY FAVORITE PIECE OF ART IN THE CITY. WE'VE BEEN WORKING WITH OUR ENGINEERING FRIENDS AND STREET FRIENDS ON THIS.
RIGHT NOW IF YOU DRIVE BY THERE, THEY'RE PUTTING UP SOME SIDE WALLS SO THAT THE FOUNDATION ISN'T GOING TO BE VISIBLE. IT'S GOING TO BE HIDDEN BY SOME WALLS THAT WILL PROTECT THIS ROUND- ABOUT FROM VEHICLES, BUT THE ARTIST, JASON, IS A WORLD RENOWNED ARTIST, AND SO IT WAS PRETTY GREAT TO HAVE AN EVENT AT THE LIBRARY FEATURING THE MAYOR AND THE ARTIST FLYING IN SPECIFICALLY FOR THIS.
AND I HOPE YOU'VE HAD A CHANCE TO CHECK OUT THIS ART AT NIGHTTIME. AND, WITH THAT, THAT CONCLUDES MY REPORT, AND I'M HAPPY TO ANSWER ANY QUESTIONS THIS COMMISSION MAY HAVE.
OR I CAN GO BACK TO THIS PICTURE.
>> SO ON THE FOR SALE CONDOS WE HAVE, MAGNOLIA AND THE CIVIC CENTER, RIGHT?
>> YES. WELL, THERE ARE SEVERAL FOR SALE CONDOS. IF YOU MEAN THE CIVIC SQUARE PARKING GARAGE, IT'S NOT PART OF THE PROJECT. THERE IS THE MAGNOLIA PROJECT THAT ARE FOR SALE CONDOS AND THAT'S THESE.
>> SO BETWEEN THE THREE, DO YOU HAVE ANY UPDATE ON HOW THEY'RE SELLING? I KNOW SOME OF THEM ARE STILL UNDER CONSTRUCTION.
WE ALSO -- I KNOW WE HAD A PROFIT SHARE ABOVE A CERTAIN PRICE. WHAT ARE WE ANTICIPATING?
>> SO ON THIS ONE I HEARD FROM THE DEVELOPER LAST NIGHT THAT FIVE UNITS OUT OF THE 25 HAVE ALREADY BEEN PRESOLD, WHICH IS GREAT, BECAUSE THEY LITERALLY JUST STARTED.
I WILL GENERALLY SAY THIS, WHEN A BANK IS FINANCING CONDOS, THE BANK USUALLY HAS AN AGREEMENT WHEREAS THE DEVELOPER SELLS DOWN THE CONDOS, THE DEVELOPER DOESN'T GET TO KEEP ALL THAT MONEY. IT PAYS OFF THE LOAN AS THE CONDOS GET SOLD.
SO IF WE'RE IN A PROFIT SHARE SITUATION, THOSE NUMBERS REALLY GET CHEWED UP AT THE END OF ALL THE SALES, AND THAT'S HOW IT'S WORKED PREVIOUSLY, BECAUSE, REALLY, THE DEVELOPER ISN'T SEEING MONEY AT ALL UNTIL THEY SELL ABOUT 90% OF THE CONDOS, GOING BACK TO THE BANK. IT ALL GOES BACK -- THE MONEY GOES BACK TO THE BANKS AS THE CONDOS GET SOLD.
THE DEVELOPER REALLY STARTS MAKING THEIR PROFIT AT THE END OF THE TERM.
SO THE WAY THAT WE HAVE THESE PROFIT SHARES, WE WAIT UNTIL EVERYTHING IS SOLD AND THEN THERE'S AN ACCOUNTING, AND THAT COMES BACK TO US. SO ON THIS I'LL PROBABLY HAVE A BETTER ANSWER FOR YOU IN ABOUT A YEAR.
>> SO TO SAY WHETHER THEY GO ABOVE THE LISTING PRICE, THE FIRST FEW UNITS WILL BE CLOSE TO LISTING PRICE?
>> OTHER QUESTIONS, GENTLEMEN, WITH REGARD TO THE EXECUTIVE DIRECTOR'S REPORT? SEEING NONE, THANK YOU, MR.
[5.a. Architectural Review Committee]
DIRECTOR. WE WILL NOW MOVE ON TO COMMITTEE REPORTS AND THE ARCHITECTURAL REVIEW COMMITTEE. MR. BROOKS?>> WE DID MEET THIS MONTH. WE HAVE A COUPLE OF AGENDA ITEMS. THE FIRST ONE ON THE BUCKINGHAM REDEVELOPMENT AT THE AT&T SITE. WE WERE GOING TO LOOK AT SOME ARCHITECTURAL CHANGES, BUT THEY ARE NOT COMPLETE YET, SO
[00:10:02]
WE TABLED THAT AND MOVED ON TO THE SECOND AGENDA ITEM, WHICH WAS THE PROSCENIUM STRUCTUCE ON THE GREEN WHICH WAS FORMERLY CALLED THE TAVERN AND THAT WAS PREVIOUSLY THE PLANS WERE REVIEWED FOR THAT BACK IN MAY OF 2023 BY THE ARCHITECTURAL REVIEW COMMITTEE, AND THERE WERE SOME CHANGES TO THAT AND WILL BE REPURPOSED SOMEWHAT. WE HAD A LOOK AT THOSE CHANGES, AND WE APPROVED THOSE CHANGES PENDING REVIEW OF SOME ITEMS FOR THE ADLS.AND THOSE ITEMS WERE THE SIGNED PACKAGE, LANDSCAPE PLAN, SIDING BRICK MATERIAL AND ANY ADDITIONAL SHADE PROTECTION, UMBRELLAS, PLANTERS SEPARATING THE PATIO FROM THE LAWN AREA. AND THEN ALL ROOF- MOUNTED MECHANICAL EQUIPMENT MUST BE SCREENED. IT WILL GO TO THE ADLS.
THEY'LL MAKE SURE THESE ITEMS HAVE BEEN ADDRESSED AND SUBSEQUENTLY WE APPROVED THOSE CHANGES.
THOSE ARCHITECTURAL CHANGES. AND THAT'S MY REPORT, MR. PRESIDENT.
>> THANK YOU, COMMISSIONER BROOKS.
ANY QUESTIONS? SEEING NONE, WE WILL MOVE ON THEN TO OLD BUSINESS. IS THERE ANY OLD BUSINESS TO COME BEFORE US THIS EVENING?
[7.a) Public Hearing for Gramercy East Phases 1-3 confirmatory resolution ]
>> THANK YOU, MR. LEE. WE'LL NOW MOVE ON TO NEW BUSINESS, AND OUR FIRST ORDER OF BUSINESS IS A PUBLIC HEARING ON THE GRAMERCY EAST PHASES ONE THROUGH THREE.
THIS HAS BEEN THROUGH THE PROCESS OF THE DECLARATORY AND WENT ON TO THE PLANNING COMMISSION, THE CITY COUNCIL AND IS NOW BACK HERE FOR A PUBLIC HEARING.
AND SO I HAVE IT AT 6:42 AND I WILL DECLARE THE PUBLIC HEARING TO NOW BE OPEN. IS THERE ANYONE THAT WISHES TO SPEAK IN FAVOR OF GRAMERCY EAST PHASE 3 PROPOSAL?
>> EXCUSE ME, PHASES 1 TO 3. SEEING NO ONE, I WOULD ASK THEN THAT IF THERE'S ANYONE THAT WISHES TO SPEAK IN OPPOSITION TO THE PROJECT FOR PHASES 1 TO 33 PLEASE MAKE YOURSELF KNOWN. THE CHAIR SEES NO ONE THAT WISHES TO SPEAK IN OPPOSITION, SO I NOW HAVE 7:43 P.M. -- 6:43 -- AND I WILL DECLARE THE PUBLIC HEARING TO BE CLOSED. THANK YOU VERY MUCH.
[7.b) Action Item #1 – Resolution 2025-14 re: Gramercy East Phases 1-3 Confirmatory Synopsis: This is the last step in creating the Gramercy East Phases1-3 allocation areas.]
WE WILL NOW MOVE ON TO OUR FIRST ACTION ITEM.AGAIN, MR. LEE, THIS IS RESOLUTION 2025- 14 OF THE CARMEL REDEVELOPMENT COMMISSION, WHICH IS CONFIRMING THE AMENDMENTS TO THE DECLARATORY RESOLUTION AND AND PLAN FOR THE GRAMERCY ECONOMIC DEVELOPMENT AREA EAST PHASES 1 TO 3 ALLOCATION AREA. MR. LEE, WOULD YOU CARE TO DESCRIBE THIS FOR US?
>> SURE. AS YOU MENTIONED, THIS IS THE LAST STEP IN CREATING THE ALLOCATION AREA FOR PHASES ONE, TWO AND THREE OF GRAMERCY EAST.
ALL THREE OF THESE, THIS IS THE MOST ADVANTAGEOUS TIME TO SET THE BASE FOR ALL OF THESE.
THAT'S WHAT WE'RE DOING THIS YEAR.
AS YOU'LL SEE ON THE AGENDA, THE NEXT ITEM JUST REVOLVES AROUND PHASE ONE, THAT'S THE ONLY ONE WE HAVE TO DEAL WITH BONDS AT THIS TIME, BUT WE'RE DOING ALL THREE OF THESE RIGHT NOW BECAUSE IT'S THE BEST TIME TO SET ALLOCATION AREA.
AGAIN, THESE ARE GOING TO BE TOWN HOMES, MULTIFAMILY, AND THEN PHASES TWO AND THREE ARE JUST TOWN HOMES. ANY QUESTIONS?
>> ANY QUESTIONS, GENTLEMEN, FOR MR. LEE? SEEING NONE, IF IT'S YOUR PLEASURE, THE CHAIR WILL ENTERTAIN A MOTION TO APPROVE THIS ACTION ITEM.
>> THANK YOU. IS THERE A SECOND?
>> IT HAS BEEN MOVED AND SECONDED. ALL IN FAVOR, PLEASE SAY AYE.
[7.c) Action Item #2 – Resolution 2025-15 re: Gramercy East TIF Pledge Synopsis: This will pledge a portion of the TIF generated from the Gramercy East Phase 1 allocation area towards the bonds that will support the Gramercy East Phase 1 project.]
IT IS APPROVED, THANK YOU VERY MUCH, GENTLEMEN.WE WILL NOW MOVE ON TO OUR ACTION ITEM NUMBER TWO, WHICH IS RESOLUTION 2025- 15 OF THE CARMEL REDEVELOPMENT COMMISSION CERTAIN TAX REVENUE TO THE PAYMENT OF THE CITY OF CARMEL, INDIANA ECONOMIC BONDS, GRAMERCY EAST PHASE 1 PROJECT. ONCE AGAIN, MR. LEE.
>> THANK YOU. THE DEVELOPER IS NOW READY TO MOVE FORWARD WITH PHASE 1, THIS PORTION ALONG KINZER AVENUE. THEY WILL DO TOWN HOMES AND THEN
[00:15:03]
MULTIFAMILY THROUGHOUT THE REST OF IT.SO WE ARE PLEDGING THE TIF TOWARDS BONDS THEY'RE GOING TO CLOSE ON HOPEFULLY WITHIN THE NEXT TWO MONTHS.
IT'S GOING TO BE PLEDGING 98% OF THE TIF AS WAS NEGOTIATED EARLIER ON THISTHIS DEAL.
THAT PRETTY MUCH SUMS IT UP. IF YOU HAVE ANY QUESTIONS, PLEASE LET ME KNOW.
>> THANK YOU, MR. LEE. ANY QUESTIONS OF MR. LEE? YES, MR. AASEN?
>> WHAT'S THE INFRASTRUCTURE THE BONDS WILL BE USED FOR?
>> A LOT OF IT IS UTILITY AND THEN ROAD WORK AS WELL, LIKE SOME INTERNAL ROADS WITHIN THAT AS WELL. BUT A LOT OF IT IS GOING TO BE UTILITY INFRASTRUCTURE.
>> OKAY. AND THEN WHAT'S THE TIME LINE FOR -- WE TALKED ABOUT 1, 2 AND 3, GETTING INTO THE MARKETPLACE, SHOPPING CENTER AREA, THEN WE CAN CREATE THAT KINZER
CONNECTION. >> AS I UNDERSTAND IT, THE LAST TIME WE SPOKE WITH THE DEVELOPER, THIS ONE WILL START THIS YEAR. PHASES 2 AND 3 WILL PROBABLY BE AROUND LATE '26, '27 AND '28 IS WHEN THEY'RE HOPING TO DO SECTION D IS WHAT WE REFERRED TO IT IN HERE, THE ONE THAT HAS THE CONDOS AND THE PUBLIC PLAZA AND SOME RETAIL SPACE AND THEN THE PORTION THAT'S SOUTH OF HERE THAT GOES WHERE THE 50 2 EVENT CENTER, AFTER THESE PHASES ARE DONE THEY'LL START ON THAT. IT MIGHT BE '28 OR LATER.
THEY WANT THESE PHASES TO BE COMPLETE AND CONSTRUCTED BEFORE THEY BUILD THAT NEXT PART?
>> THAT IS MOST LIKELY THE CASE. THEY MAY START ON IT EARLIER IF THEY FIND IT FINANCIALLY FEASIBLE, BUT I BELIEVE THAT'S WHAT WILL HAPPEN.
>> SO THERE ARE PROS AND CONS. OBVIOUSLY IT MEANS ALL THOSE BUSINESSES GET MORE TIME TO STAY THERE. BUT WE ALSO DON'T GET THE CONNECTION WHICH WAS A BIG PUSH FOR THIS PRO JEBLGT.
>> THE CONNECTION, IS THAT SOMETHING THAT COULD BE -- DO YOU HAVE TO DEMOLISH THE WHOLE SHOPPING CENTER AND START CONSTRUCTION TO GET THAT CONNECTION GOING OR HOW DOES THAT WORK?
>> THE ROAD WORK PORTION OF THAT, ESPECIALLY WHAT YOU'RE TALKING ABOUT, IS BEING LED BY THE ENGINEERING DEPARTMENT. YOU DON'T HAVE TO DEMOLISH 502, BUT I DO THINK THERE'S CERTAINLY SOME LAND NEGOTIATION TO TAKE PLACE THERE THAT ENGINEERING IS HEADING UP. WE CAN PROVIDE YOU MORE DETAILS ON THAT LATER. I THINK ON THE PHASING IT IS POSSIBLE TO BE DOING STUFF ON THE NORTHERN SIDE OF THIS AND THE SOUTHERN PART. IT DEPENDS ON THEIR SPECIFIC NEGOTIATIONS WITH THOSE TENANTS THAT ARE THEIR OTHER TENANTS.
>> THANK YOU, COMMISSIONER. ONE QUICK QUESTION, THE TORNADO THAT OCCURRED A MONTH OR SO AGO THAT WENT ACROSS THIS AREA, DID WE SUSTAIN -- OR DID GRAMERCY SUSTAIN ANY GARAGE FROM THAT, OR WAS IT FAIRLY MINIMAL?
>> I -- AGAIN, THERE ARE OTHER PEOPLE THAT LED THAT KIND OF RESPONSE, THAT EFFORT. NICK WEBBER, THE CHIEF OF STAFF WAS A PART OF THAT, OUR FIRE CHIEF WAS A BIG PART OF THAT. I BELIEVE THE MAJORITY OF THE MAJOR DAMAGE WAS REALLY KIND OF ALONG CARMEL DRIVE AND 3RD STREET WHERE YOU COULD SEE VISIBLE DAMAGE. AND DAMAGE TO BUILDINGS.
I'M NOT SURE THERE IS MUCH AT GRAMERCY BEYOND SOME LANDSCAPING BEING AFFECTED. AT LEAST I DIDN'T HEAR OF ANYTHING MAJOR.
>> YEAH, I SAW ON THE EAST SIDE OF KEYSTONE DRIVE SUSTAINED SOME DAMAGE, BUT HADN'T REALLY, JUST FROM DRIVING BY, HADN'T SEEN
>> ALONG THAT LINE WITH THE TREES, IS THERE AN OPPORTUNITY WHILE THEY'RE DEVELOPING THIS TO GET SOME REPLANTING OF WHAT WE MAY HAVE LOST? I KNOW WE DID LOSE TREES.
AND JUST BECAUSE OF -- I HAD A MEETING WITH PEOPLE EAST OF KEYSTONE, WE ALWAYS GET QUESTIONS ABOUT NOISE COMING OFF KEYSTONE AND TREES DON'T COMPLETELY SOLVE IT HELP A LITTLE BIT TO MUFFLE THE NOISE FROM KEYSTONE FOR THOSE RESIDENTS.
>> I THINK THAT'S A VALID QUESTION.
I MEAN, CERTAINLY THIS PART OF GRAMERCY, THE ONE THE REDEVELOPMENT COMMISSION IS INTERESTED IN, IS NOT CLOSE TO THE HIGHWAY. TREES ON CURRENT LAND THAT'S NOT SUBJECT TO EMINENT REDEVELOPMENT, THAT'S PROBABLY MORE OF A PLANNING/ZONING CODE QUESTION, BUT I'M HAPPY TO FOLLOW UP WITH MY COLLEAGUES TO SEE WHAT CAN BE DONE THERE.
>> BECAUSE IF WE CAN PLANT THEM SOONER NOW, I KNOW THEY TAKE A WHILE TO GROW, WE CAN -- MAYBE THEY CAN ACTUALLY BE SOMETHING BY THE TIME THE BUILDINGS ARE UP.
>> YOU'RE RIGHT ALTHOUGH, AGAIN, I DON'T HAVE THE PLANS FOR A FUTURE GRAMERCY, THE ONE CLOSER TO KEYSTONE.
[00:20:02]
YOU MAKE A GOOD POINT ABOUT PLANTING TREES, AND THE NEXT TIME WE TALK TO THE DEVELOPER, WE WILL INQUIRE AS TO THAT.>> QUICK QUESTION. HOW MANY UNITS IN GRAMERCY EAST PHASE 1? DO YOU HAVE ANY IDEA?
>> IT'S SUBURBAN GARDEN- STYLE DEVELOPMENT.
>> AND THEN THE EXISTING UNITS, THEY WILL REMAIN THERE?
>> SOME GET DEMOLISHED. SOME REMAIN.
>> A GOOD IMAGE OF THAT IS ON CHOOSECARMELIN.COM WHERE WE HAVE THAT OVERALL LAYOUT OF WHAT THAT WILL LOOK LIKE IF ANYONE IS LISTENING OR WATCHING.
>> OUTSTANDING. GOOD ADVERTISEMENT.
VERY GOOD. ANY OTHER QUESTIONS, COMMISSIONERS? IF NOT, IF IT'S YOUR PLEASURE, THE CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL OF RESOLUTION
>> IT'S BEEN MOVED AND SECONDED.
>> ANY OPPOSED? IT IS APPROVED.
[8. OTHER BUSINESS]
THANK YOU VERY MUCH, COMMISSIONERS.LET'S SEE NOW. THAT IS -- IS THERE ANY OTHER BUSINESS TO COME BEFORE US THIS
EVENING? >> THERE'S NOT, MR. PRESIDENT.
[9. EXECUTION OF DOCUMENTS NEXT REGULAR MEETING: Wednesday, August 20th, 2025, 6:30 p.m]
>> MR. DIRECTOR? WELL, OUR NEXT MEETING WILL BE WEDNESDAY, AUGUST 20TH. I PRESUME THAT WILL BE HERE IN THE CITY COUNCIL CHAMBERS AT 6:30 P.M.
SO PENDING THE EXECUTION OF DOCUMENTS, WITHOUT OBJECTION WE ARE NOW ADJOURNED. THANK YOU VERY MUCH.
* This transcript was compiled from uncorrected Closed Captioning.