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[00:00:02]

WILL SEE ABOUT GETTING STARTED. GOOD AFTERNOON, LADIES AND GENTLEMEN.

[1. PLEDGE OF ALLEGIANCE]

THIS IS THE REGULAR MONTHLY MEETING OF THE CARMEL REDEVELOPMENT COMMISSION.

WE ARE HERE IN COUNCIL CHAMBERS. AND THERE'S A QUORUM OF OUR MEMBERS PRESENT TODAY.

SO, WE WILL GO AHEAD, 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. >> PRESIDENT HAMMER: THANK YOU VERY MUCH.

THE NEXT ITEM ON OUR AGENDA IS RECOGNITION OF OUR FORMER MEMBER ADAM AASEN..

ADAM IS RUNNING A LITTLE BIT LATE. HE HAD TO PICK UP HIS DAUGHTER FROM SCHOOL. SO WITHOUT OBJECTION, I WOULD LIKE TO DEFER THAT TO A LITTLE LATER IN THE AGENDA WHEN ADAM IS HERE. NO OBJECTIONS? SEEING NONE. THANK YOU. WE WILL GO AHEAD.

[3. APPROVAL OF MINUTES]

OUR NEXT ITEM IS THE APPROVAL OF THE MINUTES OF OUR JANUARY 21ST MEETING.

ARE THERE ANY CORRECTIONS OR ADDITIONS TO THE MINUTES THAT WERE PRESENTED TO YOU IN YOUR

PACKETS? ANYBODY? >> MOVE TO APPROVE.

>> PRESIDENT HAMMER: MOVE TO APPROVE. THANK YOU.

SECOND. IT'S BEEN MOVED AND SECONDED. ALL IN FAVOR, PLEASE SAY "AYE".

ANY OPPOSED? THANK VERY MUCH. THE MINUTES ARE APPROVED.

[4.a. Cash Flow Report]

WE WILL NOW MOVE ON TO OUR CASH FLOW MATTERS. WE WILL BEGIN WITH MR. LEE WITH

THE CASH FLOW REPORT. >> THANK YOU. THE COMMISSION'S END OF MONTH BALANCE FOR JANUARY WAS $4,903,508. INCLUDING THE RESTRICTED,

$18,818,462.. >> PRESIDENT HAMMER: THANK YOU. ANY QUESTIONS OF MR. LEE OF THE

[4.b. Approval of Claims]

CASH FLOW REPORT? IF NOT, WE WILL MOVE ON TO AT PROVAL OF CLAIMS.

ONCE AGAIN, MR. LEE? >> ONE SET OF CLAIMS FOR NON OPERATING EXPENSES IN THE AMOUNT OF $8,881.91. PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS.

>> PRESIDENT HAMMER: THANK YOU, MR. LEE. QUESTIONS OF MR. LEE REGARDING CLAIMS BEFORE US THIS EVENING, OR AFTERNOON. SEEING NONE, IF IT'S YOUR

PLEASURE, CHAIR WOULD ENTERTAIN A MOTION. >> SO MOVED.

>> SECOND. >> PRESIDENT HAMMER: IT'S BEEN MOVED AND SECONDED.

ALL IN FAVOR, PLEASE SAY "AYE". ANY OPPOSED? THERE ARE NONE.

[5. EXECUTIVE DIRECTOR REPORT]

THE CLAIMS ARE HEREBY APPROVED. LET'S SEE, OUR NEXT ITEM IS THE EXECUTIVE DIRECTOR'S REPORT.

>> THANK YOU, COMMISSIONERS. CARMEL'S REDEVELOPMENT DIRECTOR. LET'S GO THROUGH ACTIVITIES FOR LAST MONTH. DESPITE TODAY'S WEATHER IT'S BEEN KIND OF COLD WHEN CONSTRUCTION DOESN'T HAPPEN. BUT TODAY THERE SHOULD BE PLENTY OF CONSTRUCTION, IT'S LIKE 65° OUTSIDE. CONTINUE BUILDING OUT. THEY ARE LEASING UP, WHICH IS GREAT. LOTS OF PROGRESS GOING ON SQUARE NORTH GOING ON.

EACH OF THOSE BUILDINGS ARE UNDER CONSTRUCTION, INCLUDING THE FOR SALE UNITS.

SO THIS WILL BE AN EXCITING WATCH OVER THE NEXT YEAR AND A HALF.

MAGNOLIA CONTINUES BUILDING OUT ITS CONDOS. ALL THE FIRST FLOOR RETAIL AT THE MUSE IS NOW FILLED UP. IF YOU HAVE HAD A CHANCE TO EAT SOME SUSHI OR SOME THAI OR EAT SOME ICE CREAM, OR GET YOUR NAILS DONE, YOU CAN DO ALL OF THAT, AT THE MUSE.

>> PRESIDENT HAMMER: HOW ARE THE CONDO SALES DOING? >> MUSE HAS NO CONDOS BUT I THINK YOU WERE GOING TO ASK PROBABLY ABOUT THIS PROJECT I WAS GOING TO TALK ABOUT NEXT.

>> OH. >> CIVIC SQUARE, I THINK ALL THE UNITS ARE UNDER CONTRACT.

OVER THE NEXT FEW MONTHS THE SALES WILL BE FINAL AND WE WILL REPORT BACK MORE INFORMATION THEN. BUT IT'S EITHER ALL OF THEM ARE UNDER CONTRACT OR ALL BUT ONE.

IT'S BEEN GOING REALLY WELL. >> PRESIDENT HAMMER: OKAY. >> HAMILTON CROSSING IS NOW FULL ON CONSTRUCTION OF THE WRAPAROUND THE GARAGE WITH KIND OF THE HOTEL USE.

THAT'S KIND OF EXCITING STUFF. PRESIDIAN II. MAIN, A NICE DRONE SHOP.

[00:05:04]

STUFF HAPPENING AT AT&T. AND WE DISCUSSED THE RESIDENTS THERE THAT ARE GOING TO GO UP.

ARLAN PLAZA. AND WORK BETWEEN CRC AND DEVELOPER AND FOLKS AT PARKS TO WORK ON THIS PROJECT. AND THAT WILL CONCLUDE MY DIRECTOR'S REPORT.

I'M HAPPY TO ANSWER ANY QUESTIONS THAT THE COMMISSION MAY HAVE.

>> PRESIDENT HAMMER: THANK YOU, MR. DIRECTOR. ARE THERE ANY QUESTIONS FOR THE

DIRECTOR REGARDING ITEMS ON THE REPORT? >> NO.

>> NO. >> PRESIDENT HAMMER: SEEING NONE, WE WILL MOVE ON TO

COMMITTEE REPORTS. ARCHITECTURAL COMMITTEE. >> MR. PRESIDENT, DO YOU WANT

TO GO BACK TO PART II? >> PRESIDENT HAMMER: I WAS GOING TO DO THAT NEXT.

I WAS GOING TO DO THE COMMITTEE REPORTS AND IT SEEMED LIKE A GOOD BREAKPOINT.

ARCHITECTURAL COMMITTEE. >> WE DID NOT MEET THIS PAST MONTH.

[2. RECOGNITION OF ADAM AASEN]

NO REPORT. >> PRESIDENT HAMMER: OKAY. SO WITHOUT OBJECTION I WOULD LIKE TO MOVE BACK TO ITEM 2 AND RECOGNIZE ADAM AASEN, WHO WAS THE CITY COUNCIL REPRESENTATIVE

HERE. WE MISS YOUR TIME AND E■XPERTIS, >> TURN ON THE MICROPHONE.

[8. NEW BUSINESS]

[00:10:14]

>> THE MICROPHONE IS ON. ALL RIGHT. >> NICE TO MEET YOU GUYS.

DON WETTRICK. I WILL GO A LITTLE ON SCRIPT AND A LITTLE OFF SCRIPT BECAUSE HE WON'T HUMBLE BRAG, AND I WILL FOR HIM. BUT I WILL STILL GIVE HIM A CHANCE TO SPEAK. I STARTED A BIZARRE CLASS AND THE CRUX WAS IF THE SCHOOL DIDN'T GET IN YOUR WAY WHAT WOULD YOU DO WITH IT AND HOW COULD I HOLD YOU ACCOUNTABLE? IT WAS AN INTERESTING JOURNEY AND CAUGHT THE EYES AND EARS OF A LOT, INCLUDING OUR GOVERNOR, GOVERNOR HOLCOMB. IT WAS STUDENTS THAT GOT THEM TO SEE PROBLEMS AS OPPORTUNITIES. I DIDN'T SAY ENTREPRENEURSHIP AT FIRST.

JUST FIND A PROBLEM, WHAT DO YOU WANT TO DO ABOUT IT? THE RESULTS STARTED TO GET CRAZY. THEY GOT CRAZY BECAUSE I STARTED FINDING TEACHERS LIKE CRAIG, WE WILL GET TO THAT IN A SECOND. WE TURNED THIS, IN YEAR ONE, 100 KIDS TO THIS YEAR AROUND 25,000 STUDENTS STATEWIDE. AS IT PROGRESSED, I STARTED NOTICING THE SCHOOLS THAT WERE GREAT AT THIS, IF I'M HONEST WITH YOU, IT WASN'T NECESSARILY SPEEDWAY HIGH SCHOOL, IT WAS SARA ACKERMANN. IT WASN'T NECESSARILY HOBART HIGH SCHOOL, IT WAS DAN SCHULTZ. THUS BEING WE STARTED FINDING THE RIGHT TEACHERS.

THAT WAS WHEN WE STARTED TO FIND CRAIG, SO WE STARTED TO WORK WITH THE GOVERNOR BUT ALSO SECRETARY JENNER. AND SAID LET'S ROUND UP THE BEST TEACHERS IN INDIANA AND GET THEM TO REALLY GET STUDENTS TO DO THIS. AND I GUESS, REALLY WE DO THREE THINGS. NUMBER ONE, TEACHERS LIKE CRAIG, NUMBER ONE, THEY GET STUDENTS TO SEE PROBLEMS AS OPPORTUNITIES. ONCE THEY DO THAT WE WILL NEVER RUN OUT OF OPPORTUNITIES. WE ARE GOOD AT COMPLAINING AND GOOD AT POINTING OUT WHAT'S NOT GOOD. GETTING A STUDENT TO SAY, OKAY, I'VE SEEN SOMETHING, NOW LET'S BREAK IT DOWN. TEACHERS LIKE CRAIG DO #2, THEY GIVE THEM THE GIFT OF TIME.

CRAIG WILL CARVE OUT 15-20 MINUTES EXTRA A WEEK, WHAT DID YOU FIND? WHAT ARE YOU BREAKING DOWN? AND THEN THIRD WE OPEN UP OUR NETWORK.

WHEN PEOPLE ROLL OUR EYES, AND SAY IT'S NOT WHAT YOU KNOW, IT'S WHO YOU KNOW.

THAT'S GOOD, BECAUSE NO ONE KNOWS MORE PEOPLE THAN TEACHERS, LEGITIMATELY.

WE COULD HAVE OUR STUDENTS BE DEPLOYED AND SAY I'VE BEEN TAUGHT.

THIS IS WHERE CRAIG EXCELS. HE LEADS THE WAY IN BIO MED. AS THEY GO OUT AND START WORKING WITH THE COMMUNITY. WORKING WITH LOCAL PROVIDERS THEY ARE ASKING QUESTIONS.

WHAT ARE YOU STRUGGLING WITH, HOW COULD WE HELP? THAT'S WHY WE HAVE SO MANY STUDENTS IN THE PIPELINE. UTILIZING THE TWO MOST PRECIOUS COMMODITIES WE HAVE, OUR TIME AND OUR NETWORK. WANTED TO MAKE SURE HE IS RUNNING HIS OWN INNOVATION HUB.

I HOPE THAT HE WILL, YOU DON'T WANT TO PUT HIM ON SPOT AND I LOVE DOING THIS BUT CRAIG SHOULD HAVE BEEN -- I SHOULDN'T SAY THAT, I'M SURE HE WAS DESERVING, HE WAS TOP FIVE FOR TEACHER OF THE YEAR. OUR STARTED UP TEACHER OF THE YEAR.

THIS MAN ISN'T JUST THE UP UNTIL 3:30, IT'S THE LONG-TERM SUCCESS OF STUDENTS.

THAT'S WHY I'M ASKING FOR CONTINUED SUPPORT. NOW CRAIG IS CREATING HIS OWN COACHING TREE UNDERNEATH HIM. CRAIG AND TEACHERS LIKE CRAIG ARE LEADING THE WAY.

I WILL LET CRAIG ALSO TELL YOU ABOUT SOME OF THE THINGS HE IS WORKING WITH AND WITH THE STUDENTS.

>> GOOD AFTERNOON, THANK YOU FOR ALLOW ME TO SPEAK. I WANT TO MAKE SURE THEY WALK AWAY WITH THE BIG PICTURE OF TOPICS. I TEACH FOUR COURSES CURRENTLY OF ALL TEAMS HEADED INTO HEALTHCARE OR MEDICAL WORLD IN SOME CAPACITY.

MY STUDENTS' PROJECTS WHEN WE FIRST STARTED THIS 7 YEARS AGO WERE REALLY STRONG BUT WE HAD NO WAY TO GET THEM OUT IN THE WORLD. GETTING EYES ON THEM.

[00:15:11]

WORKED AS AN INNOVATION AMBASSADOR. -- STARTED TALKING TO THE NURSES, THEY BUILD A PROTOTYPE, TESTED IT, BASIC PROOF OF CONCEPT.

THEY ARE BOTH AT PURDUE, ONE IS A BIOMEDICAL ENGINEER. THEY ARE WORKING ON THIS AMONG THEIR VERY BUSY STUDIES. EVERY YEAR SINCE THAT TIME THERE'S BEEN STORIES LIKE THAT, THAT HAVE HAD SUCCESS. REAL WORLD SOLUTIONS TO PROBLEMS AND TAKING THEM TO THEIR HIGHER LEVEL IN STATE AND BEING ABLE TO WORK ON THIS. TWO MY STUDENTS FROM LAST YEAR WHO WERE STATE FINALISTS, THIS FALL WON THE MOONSHOT CHALLENGE AT PURDUE GOING UP AGAINST

SOPHOMORES, JUNIORS. >> PRESIDENT HAMMER: QUESTIONS FOR THESE GENTLEMEN?

SEEING NONE. >> JUST A COMMENT. >> PRESIDENT HAMMER: GO AHEAD.

>> JUST A COMMENT. I CAN'T BELIEVE WE HAVE THIS AT A HIGH SCHOOL LEVEL, THIS IS

AMAZING. THIS IS ALL SENIORS? >> NO, THE EARLIER WE CAN START THE BETTER. WE KEEP TRENDING YOUNGER. FRESHMEN AND SOPHOMORE A LOT OF TIMES GET THEIR REALITY CHECK. BUT IT'S ALSO A GREAT FEEDER SYSTEM THEN AS THEY RISE, THEY KEEP KIND OF TRYING AND OBVIOUSLY TEACHERS THAT HAVE ELECTIVES, IT'S BEEN GREAT.

BUT I HAVE TO SAY, YES, IT IS HIGH SCHOOL. BUT CRAIG, YOU ALSO POINTED SOMETHING ELSE OUT. THIS IS THE SECOND YEAR IN A ROW THAT THE PERDUE PITCH COMPETITION HAS BEEN WON BY FRESHMEN AND THEY BOTH HAVE SOMETHING IN COMMON, THEY WON THROUGH OUR PROGRAM. BECAUSE THEY GOT A HEAD START WITH TEACHERS LIKE CRAIG.

IT'S EXTRAORDINARY, THAT'S ALSO WHY WE HAD TO CHANGE, NO LONGER CALLED INNOVATE FROM WITHIN.

BECAUSE OTHER STATES WANTED TO, IT'S NOW THE STARTED UP CHALLENGE.

>> HOW MANY STUDENTS AT THIS POINT? >> AT THIS POINT 120.

[00:20:04]

THAT'S SET TO GROW NEXT YEAR. STATEWIDE. WHAT'S GOING TO BE HAPPENING, THERE WILL BE AN INTEGRATED TASK FORCE, WE GET STUDENTS FROM BIOMEDICAL ENGINEERING, SCIENCE AND COMPUTER SCIENCE ALL IN THE SAME ROOM PROBLEM SOLVING.

EMPLOYER PROVIDED INNOVATIVE CHALLENGES. EMPLOYERS BRING FORWARD THESE CHALLENGES THEY DON'T REALLY HAVE TIME TO THINK ABOUT. THEY WOULD LIKE TO GET MORE CONSULTANTS WORKING ON IT. THAT'S THE MODEL WE HAVE GOING FORWARD STARTING NEXT YEAR IN

HIGH SCHOOL AND BEYOND. >> WONDERFUL PROGRAM. THANK YOU.

>> THANK YOU, SIR. >> PRESIDENT HAMMER: OTHER QUESTIONS, GENTLEMEN?

DID YOU HAVE SOMETHING? >> JUST A QUICK QUESTION. CARMEL HIGH SCHOOL HAS BEEN WORKING ON WORK-BASED LEARNING. IS THIS TIED IN, OR ANY INTEGRATION THERE?

>> YES. THERE'S GOING TO BE SEVERAL DIFFERENT OFFERINGS OF WORK-BASED LEARNING. WHAT WE WERE ASKED TO DO IS A LOT OF OUR PRINCIPLES, TALKING TO SECRETARY JENNER, HONESTLY, MAYOR WAS ONE WHO POINTED THIS OUT.

WE WANT TO BE A PRIMER FOR PEOPLE WHO WANT TO TAKE LONGER INTERNSHIPS.

QUICK ANECDOTAL STORIES THEY COULDN'T BELIEVE WHAT THEY SAW. THEY SAID NO OFFENSE, DON, I HOPE THEY WANT TO BE ENTREPRENEURS WHEN THEY ARE 30. I PREFER THEY WORK FOR ME.

I WILL BE APPROACHING SOME OF THESE YOUNG PEOPLE. HE WORKED IN A SPECIFIC AREA IN TECH, HE SAID I HAVE TIME TO TRAIN PEOPLE IN THE SPECIFIC SKILLS TO WORK FOR ME.

I DON'T HAVE TIME TO ADJUST AN ATTITUDE. HE SAID, OUR THEME IS, I WANT YOU TO SEE A PROBLEM AS AN OPPORTUNITY. CRAIG AND TEACHERS LIKE THAT, THEY DON'T TEACH FOR THE SAKE OF TEACHING. THEY SAID WHY ARE YOU GOING TO DESIGN THIS? WHAT IS YOUR PROBLEM IN MIND? AND SO, A LOT OUR EMPLOYERS THAT SEE US AND EVEN A LOT OF MAYORS NOW SEE IT. THEY HAVE SOME PEOPLE THAT ARE ON THE FENCE ABOUT DOING INTERNSHIPS. THAT SOMETIMES THE KIDS MAY HAVE A REPUTATION FOR STAYING ON THEIR PHONE OR WAITING AROUND FOR INSTRUCTION.

WE WANT THAT FIRST BASE LAYER OF STUDENTS WHO GO IN, LOOKING FOR OPPORTUNITIES AND NOT WAITING AROUND FOR INSTRUCTION. SO BY ALL MEANS THERE WILL BE OTHER WBL EXPERIENCES, THERE WILL BE A LOT OF VERTICAL INTERNSHIPS WITHIN THE TRADES. OURS IS MORE ON THE ENTREPRENEURIAL END, IT'S 25 HOURS. IF THAT TURNS INTO SOMETHING GREATER, WE ARE HAPPY TO BE THAT FEEDER SYSTEM AND HOPEFULLY WE WILL BE.

>> THANK YOU. >> PRESIDENT HAMMER: ANY OTHER QUESTIONS? SEEING NONE, IF IT'S YOUR PLEASURE, GENTLEMEN, THE CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL. OKAY, LET ME MAKE A MOTION TO APPROVE THE STARTED UP FOUNDATION CONTRIBUTION, APPROVING $10,000 CONTRIBUTION TO THE STARTED UP FOUNDATION

REGARDING JOB TRAINING FOR CARMEL HIGH SCHOOL STUDENTS. >> THANK YOU, COMMISSIONER.

>> SECOND. >> PRESIDENT HAMMER: VERY GOOD. MOVED AND SECONDED.

ALL IN FAVOR, PLEASE SAY "AYE". NONE OPPOSED, HAVING HEARD THREE AYE'S.

IT'S APPROVED. THANK YOU, GENTLEMEN. AND KEEP UP THE GOOD WORK.

EXCELLENT, APPRECIATE IT. WE WILL NOW MOVE ON TO ACTION ITEM #2.

>> MR. DIRECTOR, IT HAS YOUR NAME ON IT. RESOLUTION #26-01, HOTEL

CARMICHAEL LOAN EXTENSION. >> THANK YOU. JUST AS A QUICK BACKGROUND, AS WE ALL HERE KNOW, THE REDEVELOPMENT COMMISSION IS INVOLVED IN THE HOTEL CARMICHAEL. IT WAS HOTEL CARMICHAEL WAS INITIALLY BUILT AS A PARTNERSHIP BETWEEN -- AND THE REDEVELOPMENT COMMISSION. THE COMMISSION INITIALLY PROVIDED A BACKSTOP, IF YOU WILL, TO THE PRIVATE LOANS THAT HELP BUILD THE HOTEL CARMICHAEL.

MEANING, THE HOTEL LOANS ARE PAID BACK BY THE OPERATIONS OF THE HOTEL AND THAT'S BEEN GOING GREAT. BUT THE CRC WAS ESSENTIALLY A BACKSTOP, SO WE ARE ON THE LOANS, ONE WAY OR THE OTHER. SO WE ARE, YOU KNOW, PREVIOUSLY LAST YEAR, OR EARLIER -- LAST YEAR WE WENT AND WE PRESENTED A CONCEPT OF AN EXPANSION FOR THE HOTEL CARMICHAEL.

IT WAS DISCUSSED AT REDEVELOPMENT COMMISSION, IT WAS DISCUSSED AT CITY COUNCIL.

IT WAS HEAVILY WRITTEN ABOUT IN THE PRESS. AND SO THOSE CONVERSATIONS ARE ONGOING. THAT EXPANSION CONTINUES TO BE EXPLORED.

IT'S BEING EXPLORED WITH THE SAME LENDER, THAT IS THE CURRENT LENDER ON THE HOTEL.

[00:25:06]

AND IN THE MEANTIME, THE CURRENT LOANS, THEY NEED TO BE EXTENDED AS THIS DUE DILIGENCE CONTINUES. SO THIS IS A SIMPLE THREE-MONTH EXTENSION OF THE CURRENT LOANS THAT ARE ALL IN PLACE. SAME TERMS, SAME EVERYTHIG, JUST A THREE-MONTH EXTENSION.

THIS IS FAIRLY SIMPLE. AND THIS IS KIND OF LIKE AN INTERMEDIATE STEP AS WE CONTINUE EXPLORING THE LARGER CONCEPT THAT WE'VE PUBLICLY DISCUSSED MANY TIMES.

THAT'S KIND OF A INTRO. I'M HAPPY TO ANSWER ANY QUESTIONS.

>> PRESIDENT HAMMER: ANY QUESTIONS FOR MR. DIRECTOR? YES?

>> I JUST WANT TO MAKE A STATEMENT, I GUESS. THIS IS COMMON TO DO SHORT-TERM EXTENSIONS BECAUSE OTHER THINGS ARE GOING ON. IT HAS NOTHING TO DO WITH BEING IN DEFAULT OR OTHER ISSUES THAT ARE OUT THERE. I WANT TO MAKE THAT CLEAR.

THIS IS MORE STRATEGIC ON OUR PART AND HEADQUARTERS PART TO MOVE THIS THING FORWARD.

SO WITH THAT, I WOULD LIKE TO MOVE TO APPROVE THE RESOLUTION FOR THE SHORT-TERM EXTENSION

FOR THE HOTEL CARMICHAEL. >> PRESIDENT HAMMER: THANK YOU. IS THERE A SECOND?

>> SECOND. >> PRESIDENT HAMMER: IT'S BEEN MOVED AND SECONDED.

ALL IN FAVOR, PLEASE SAY "AYE". ANY OPPOSED? THERE ARE NONE.

VERY GOOD. >> THIS IS APPROVED AND WE CAN MOVE FORWARD WITH THE EXTENSION.

IS THERE ANY OTHER BUSINESS TO COME BEFORE US THIS EVENING? >> THERE IS NOT, OTHER THAN

SIGNATURES. >> PRESIDENT HAMMER: VERY GOOD. SO, GENTLEMEN, I WILL GO AHEAD

[10. EXECUTION OF DOCUMENTS]

AND WITHOUT OBJECTION DECLARE US ADJOURNED PENDING THE SIGNING OF DOCUMENTS.

NEXT MEETING WILL BE MARCH 18TH AT THE CITY COUNCIL CHAMBERS AT 4:00 P.M.

SO WE ARE ADJOURNED PENDING EXECUTION OF DOCUMENTS. THANK YO

* This transcript was compiled from uncorrected Closed Captioning.