[1. PLEDGE OF ALLEGIANCE] [00:00:08] >>> GOOD AFTERNOON LADIES AND GENTLEMEN. THIS IS REGULAR MONTHLY MEETING OF THE CARMEL REDEVELOPMENT COMMISSION. WE ARE HERE IN CITY COUNCIL CHAMBERS. AND WE DO HAVE A QUO RUM OF OUR MEMBERS PRESENT. SO I WOULD LIKE TO CALL THE MEETING TO ORDER. OUR FIRST ORDER OF BUSINESS IS THE PLEDGE OF ALLEGIANCE. IF YOU WOULD STAND AND JOIN. [2. APPROVAL OF MINUTES] I WILL NOW MOVE ONTO OUR NEXT ORDER OF BUSINESS WHICH IS APPROVAL OF THE MINUTES OF OUR MEETING OF SEPTEMBER 16TH. ARE THERE ANY CORRECTIONS OR ADDITIONS TO THE DRAFT MINUTES THAT WERE PROVIDED TO YOU COMMISSIONERS? SEEING NONE, IF IT'S YOUR PLEASURE, CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL. >> I MOVE TO APPROVE. >> THANK YOU COMMISSIONER. >> SECOND. >> BEEN MOVED AND SECOND. ALL IN FAVOR SAY AYE. ANY POSED SAME SIGN. IT IS APPROVEED. [3.a. Cash Flow Report] THANK YOU VERY MUCH. WE WILL NOW MOVE ONTO OUR FINANCIAL MATTERS. AND MR. LEE THE CASH FLOW REPORT IF YOU WOULD. >> THANK YOU. COMMISSIONS AND THE MONTH BALANCE FOR SEPTEMBER WAS ESTRICTED FUNDS IT WAS $24,409,949. >> THANK YOU MR. LEE. ANY QUESTIONS OF MR. REGARDING THE CASH FLOW REPORT COMMISSIONERS? [3.b. Approval of Claims] SEEING NONE, WE WILL MOVE ONTO THE APPROVAL OF CLAIMS. ONCE AGAIN MR. LEE? >> WE HAVE TWO SETS OF CLAIMS BEFORE YOU TONIGHT. ONE FOR NON-OPERATING EXPENSES IN THE AMOUNT OF $55,308.69 AND THE SECOND ONE FOR THE 2021 LIT GO-- BONDS IN THE AMOUNT OF $18,828.97. >> THANK YOU MR. LEE. ANY QUESTIONS OF MR. LEE REGARDING THE CLAIMS THAT ARE BEFORE US THIS AFTERNOON? SEEING NONE, IF IT'S YOUR PLEASURE CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL. >> SO MOVE ZBLPD THANK YOU COMMISSIONER. >> SECOND. >> IT'S BEEN MOVED AND SECONDED. ALL IN FAVOR PLEASE SAY AYE. OPPOSED SAME SIGN. [4. EXECUTIVE DIRECTOR REPORT ] IT IS AAPPROVE. THANK YOU VERY MUCH LADIES AND GENTLEMEN. ALL RIGHT WE WILL NOW MOVE ONT OUR REPORT FROM THE EXECUTIVE DIRECTOR. MR. DIRECTOR? >> THANK YOU MR. PRESIDENT. IT'S BEEN A GOOD MONTH OF CONSTRUCTION IN THE CITY OF CARMEL WITH RESPECT TO REDEVELOPMENT PROJECTS. SO I'LL JUST QUICKLY FLY THROUGH OUR ACTIVITIES. -- SQUARE NORTH CONTINUES TO BE BUILT OUT. THE BUILDINGS NOW YOU CAN SEE THEIR FULL SHAPE. ESPECIALLY WITH THAT TOWER TURRE TMENT CORNER ELEMENT THERE THAT YOU CAN SEE ON THE BOTTOM RIGHT. SO IT LOOKS REALLY NICE. I LOOK FORWARD TO THAT WORK CONTINUING AND RETAIL ANNOUNCEMENTS COMING. MAGNOLIA, I JUST HEARD TODAY THEY ARE DOWN TO THEIR FINAL FIVE UNITS ON THIS ENTIRE PROJECT. WHICH IS REALLY GREAT. HAMILTON CROSSING. REPUBLIC HEADQUARTERS CONTINUES BUILDING OUT THEIR GARAGE WRAP WITH THE KIND OF HOTEL INSIDE THERE. . SO THAT'S MOVING FORWARD. I'LL PULL THIS SLIDE BACK UP WHEN WE'RE DISCUSSING THE PROJECT DURING ACTION ITEMS BUT IF YOU'VE BEEN BY THERE, THEY HAVE DEMOED THE BUILDING AT THE VERY SOUTH END OF THAT PROJECT. SO FULL STEAM AHEAD THERE. LOTS OF GREAT WORK GOING ON ON ICON AT OLD-- AND MAIN STREET. WE ARE EXPECTING THAT PLAZA TO BE COMPLETED NOT Q3 OF 2026. I'M GOING TO ADJUST THAT. NEXT YEAR. >> WELL THAT'S SOME GOOD WORKING HAPPENING ON THE AT&T SITE WITH CONDOS GOING UP THERE. A COUPLE MONTHS AGO WE HAD THE CHANCE TO HAVE A NUMBER OF COMMISSIONERS GO TLUR ARTA-- PLAZA DURING THAT CONSTRUCTION PROJECT. LOTS OF GREAT WORK HAPPENING THERE. THEY JUST FINISHED THE SIDEWALK AROUND THERE. WORK CONTINUES ON THE HEARING CLUB AND NORTH END PHASE TWO. THEY ARE GOING VERTICAL AS WELL. AND FINALLY, ABOUT THREE YEARS AGO, THIS COMMISSION ENTERED INTO A CONTRACT WITH CASTO SOLANO A SPANISH-BASED ARTS STUDIO FOR CHANNELS OF CONNECTION. WHICH WAS INSTALLED THIS WEEK AND CELEBRATED YESTERDAY. YOU CAN SEE ACTUALLY A COMMISSIONER CRISWELL HERE RIGHT THERE ON THE LEFT. SORRY COUNCILLOR BERNARD IS THERE AS WELL. -- MINNAAR. [00:05:02] THE OTHER THING WORTH POINTING OUT IN THIS PICTURE IS YOU CAN SEE THIS GREYHOUND RIGHT THERE IN THE HAIR WHICH IS REALLY COOL. YEAH. THESE ARE WONDERFUL CELEBRATION. THE KIDS, THE HIGH SCHOOL KIDS CAME OUT. SO FOR THOSE THAT HAVEN'T FOLLOWED ALONG, THIS WAS AN ARTIST THAT THE SHAPES IN THE HAIR WERE INSPIRED BY THE ART FROM THE STUDENTS. SOME OF THESE STUDENTS HAVE GRADUATED AND MOVED ON BECAUSE IT'S BEEN A COUPLE YEARS. SOME OF THEM CAME BACK. IT WAS A WONDERFUL EVENT. IT'S A GREAT OPPORTUNITY FOR THE MAYOR TO HIGHLIGHT THE INTERACTION OF OUR CITY AND OUR SCHOOLS. EVERYONE WAS VERY HAPPY. UNFORTUNATELY WE ONLY HAVE THE DAYTIME SHOTS. THIS IS ALSO LIT UP AT NIGHT SO PLEASE SAFELY DRIVE AROUND THAT ROUND ABOUT AND CHECK OUT WHAT THAT ART LOOKS LIKE IN THE EVENING WHEN IT GETS DARK. BUT WHAT A GREAT ARTISTIC CONTRIBUTION TO OUR MAIN STREET. AND THAT WAS JUST YESTERDAY. AND THAT CONCLUDES MY REPORT. AND I'M HAPPY TO ANSWER ANY QUESTIONS. >> THANK YOU MR. DIRECTOR. QUESTIONS FOR THE DIRECTOR ABOUT ANY OF THE PROJECTS? SEEING NONE, WE WILL THEN MOVE ONTO OUR COMMITTEE REPORTS. ARCHITECTURAL REVIEW COMMITTEE. ANYTHING TO REPORT SF. >> WE DO NOT MEET THIS MONTH. >> OKAY VERY GOOD. THANK YOU. WELL THEN WE SHALL MOVE ON. IS THERE ANY OLD BUSINESS TO COME BEFORE US THIS AFTERNOON? [7. NEW BUSINESS ] SEEING NONE, WE WILL MOVE TO NEW BUSINESS, AND WE HAVE SEVERAL ACTION ITEMS TO GO THROUGH. OUR FIRST ACTION ITEM IS NUMBER 1 RESOLUTION 2026-07 OF THE REDEVELOPMENT DISTRICT AMENDING THE OLD NORTH END RESIDENTIAL HOUSING ALLOCATION AREA. MR. LEE? >> THANK YOU. BEFORE I GO ONTO THAT SPECIFIC ACTION ITEM I WANT TO GO TO THE FIRST FOUR OR FIVE ALLOCATION AREAS ON YOUR AGENDA. BEFORE THE START OF THIS HEARING WE HELD A PUBLIC HEARING THAT WAS REQUIRED BY STATE STATUTE AND THE LETERS AND NOTIFICATIONS WERE SENT OUT LAST MONTH TO ALL THE TAXING DISTRICTS AND NEIGHBOURS. AND JUST A NOTE, NO ONE SHOWED UP TO THE PUBLIC HEARING TO SPEAK IN FAVOUR OR AGAINST. >> SORRY ALTHOUGH SOME DID REACH OUT AHEAD OF TIME WITH QUESTIONS THAT I HAD A CHANCE TO ANSWER. >> AND THE FIRST THREE ALLOCATIONS HERE ARE ONES THAT WE HAD BEFORE YOU BEFORE. LAST YEAR. AND WE ARE TAKING THEM BACK TO YOU AS AMENDMENTS. NOTHING HAS CHANGED WITH THE PROJECTS. BUT THERE HAS BEEN A CHANGE IN STATE STATUTE SINCE LAST YEAR. BEFORE IT USED TO BE ONLY 20 YEARS THAT YOU COULD CAPTURE IN THESE RESIDENTIAL ALO CASE AREAS. AND NOW YOU CAN CAPTURE FOR 25 YEARS. SO RISK BRINGING THESE FIRST THREE BACK TO YOU THIS YEAR TO CAPTURE THOSE 25 YEARS IN ORDER TO HELP THE CITY BETTER RECOUP ITS INVESTMENT INTO THESE PROJECTS. SO I'M GOING TO JUST BRIEFLY GO OVER THESE FIRST THREE AREAS AND THEN HEAD ONTO THE FOURTH AND FIFTH ONE. THE FIRST ONE, RESOLUTION 2026-07 IS FOR THE NORTH END. RESIDENTIAL ALLOCATION AREA. AS YOU SEE HERE ON THE MAP, IT'S JUST EAST OF SMOKY ROW AND NORTH END DRIVE. THESE CONTAIN 31 RESIDENTIAL HOMES IN THIS DEVELOPMENT. IF YOU DON'T MIND I'M GOING TO GO ONTO THE OTHER TWO AND THEN WE CAN COME BACK FOR THE ACTUAL APPROVALS. >> YEAH GO AHEAD AND DESCRIBE THE OTHER TWO. >> YEP. ALL RIGHT SO THE SECOND. >> THE SECOND ONE IS 2026-08 AGAIN-- SAME PART. WHOOPS. YEAH. PART OF THE SAME GENERAL AREA. BUT THIS IS TO APPROVE THAT AMENDMENT TO THE DEVELOPMENT AREA AND PLAN. MR. LEE ONCE AGAIN. >> YES, JUST FOR REMINDER, THIS IS 47 RESIDENTIAL HOMES AT THE SOUTHEAST CORNER OF TOWNE AND 146TH. THE LAST OF THESE FIRST THREE. >> THIS WOULD BE PERTAINING TO RESOLUTION 2026-09 ONCE AGAIN THE SAME GENERAL AREA. THIS IS I BELIEVE THE FLORA RESIDENTIAL HOUSING ALLOCATION AREA? >> CORRECT. AND THIS ONE IS AT THE JUST NORTH OF 465 AND JUST WEST OF SPRING MILL ROAD. AND IT CONTAINS ROUGHLY 91 RESIDENTIAL MOEMS THE AMOUNT OF HOLMES COULD CHANGE OVERTIME BAIT BEYSED ON IF THEY WANT TO CHANGE THE SIZE OF THESE LOTS OR NOT. >> THANK YOU MR. LEE. ANY QUESTIONS OF MR. LEE REGARDING ANY OF THESE THREE [00:10:03] ALLOCATIONARIES? COMMISSIONERS? COMMISSIONER? >> I THINK THE ONLY QUESTION I WAS GOING TO ASK. YEARS 21 THROUGH 25 NOW WITH ALL OF THESE, ARE THE DEVELOPER BONDS-- THE TERMS GOING TO BE ADJUSTED FOR THOSE ADDITIONAL FIVE? OR ARE THEY STILL GOING TO EXPIRE AND THE CITY WILL CAPTURE--. >> SO RIGHT NOW THERE ARE NO ANTICIPATED BONDS FOR THESE. THESE ARE THE ONES WE WOULD CONTRIBUTE FUNDS TO IT. AND THAT IS STILL UNDER NEGOTIATION. >> PERFECT. OKAY. THANK YOU. >> OTHER QUESTIONS? WELL WHAT WE'LL DO IS IF IT'S YOUR PLEASURE, WE'LL VOTE ON EACH OF THESE ITEMS SEPARATELY. AND IF I COULD HAVE A MOTION FOR APPROVAL OF RESOLUTION 2026-07 WHICH IS ACTION ITEM NUMBER ONE. >> SO MOVED. >> SECOND. >> IT'S BEEN MOVED AND SECONDED. ALL IN FAVOR PLEASE SAY AYE? ANY OPPOSED SAME SIGN? ACTION ITEM NUMBER ONE IS APPROVED. WE WILL NOW MOVE ONTO ACTION ITEM NUMBER TWO. WHICH IS RESOLUTION 2026-08 AND IF I CAN, MAY I HAVE A MOTION OF APPROVAL? >> MOVE TO APPROVE. >> THANK YOU COMMISSIONER. IS THERE A SECOND? >> SECOND. >> BEEN MOVED AND SECONDED. ALL IN FAVOR, PLEASE SAY AYE. ANY OPPOSED? SAME SIGN? UH ACTION ITEM NUMBER TWO IS APPROVED. NOW WE'LL MOVE TO ACTION ITEM NUMBER 3 WHICH IS RESOLUTION 2026-09 AND IF IT'S YOUR PLEASURE COMMISSIONERS, I'D LIKE A RESOLUTION OF APPROVAL. >> SO MOVED. >> THANK YOU. IS THERE A SECOND? >> SECOND. >> BEEN MOVED AND SECOND. NAUL FAVOR OF ACTION ITEM NUMBER THREE PLEASE SAY AYE. ANY POSED SAME SIGN. ACTION ITEM NUMBER THREE IS APPROVEED. THANK YOU VERY MUCH COMMISSIONERS. WE'LL NOW MOVE ONTO ACTION ITEM NUMBER FOUR WHICH IS RESOLUTION 2026-10. AND THIS IS AN AMENDMENT OF THE NORTH ILLINOIS STREET ECONOMIC DEVELOPMENT AREA AND DEVELOPMENT PLAN. MR. LEE? >> THANK YOU. NOW THIS IS THE FIRST TIME WE'RE BRINGING THIS ALLOCATION AREA BEFORE YOU BUT THIS IS ANOTHER RESIDENTIAL ALLOCATION AREA. AS YOU CAN SEE, AT THE NORTHEAST CORNER OF 106TH AND ILLINOIS JUST SOUTH OF THE FORTE FRAN-- ORTHOPEDICS CENTRE. AND THIS IS GOING TO CONTAIN 27 RESIDENTIAL HOMES AND AGAIN LIKE THE OTHER ONES, WE'RE STILL IN NEGOTIATIONS FOR EXACTLY WHAT THE CONTRIBUTION WILL BE FOR IN THE AMOUNT. 27. >> ANY QUESTIONS, COMMISSIONERS? DID YOU HAVE A QUESTION COMMISSIONER A SECOND AGO? DID YOU GET THAT ANSWERED? >> GOT IT ANSWERED. >> THANK YOU. OKAY. WELL IF THERE ARE NO FURTHER QUESTIONS, THE CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL FOR ACTION ITEM NUMBER 4 RESOLUTION 2026-10. >> MOVE TO APPROVE. >> SO MOVED. OKAY VERY GOOD. >> SECOND. >> MOVED AND SECONDED. THANK YOU VERY MUCH. ALL IN FAVOR PLEASE SAY AYE. ANY OPPOSED SAME SIGN. VERY GOOD. ACTION ITEM NUMBER 4 IS APPROVED. MOVING ONTO ACTION ITEM NUMBER 5. WHICH IS RESOLUTION 2026-11. WHICH IS AMENDMENT OF THE NORTH ILLINOIS STREET ECONOMIC DEVELOPMENT AND DEVELOPMENT AREA. THE CATALYST HEALTH ALLOCATION AREA. AND ONCE AGAIN MR. LEE? >> THANK YOU. THIS IS A MORE TRADITIONAL ALLOCATION AREA. NOT RESIDENTIAL. THIS IS A PROPOSED PHYSICAL THERAPY AND REHABILITATION FACILITY ALONG ILLINOIS STREET JUST WEST OF THE HIGH POINT ON BERDINE APARTMENTS. ROUGHLY 55,000 SQUARE FEET AND WILL CONTAIN ABOUT 54 BEDS FOR THE FACILITY. THERE'S GOING TO BE NO EMERGENCY CARE AT THIS SITE. AGAIN JUST LIKE THE OTHERS, THIS WILL BE A CONTRIBUTION INSTEAD OF A BOND. AND SO WE ARE STILL IN NEGOTIATIONS WITH THE DEVELOPER ON THE AMOUNT AND WHAT EXACTLY IT WILL BE FOR. >> HOW FAR NORTH ON ILLINOIS IS IT? >> SO THIS IS KIND OF WHERE LIKE YOU SEE 31 THERE WHERE IT'S TURNING. TOWARDS THE EAST. LIKE WHERE 136TH IS SO IT'S JUST A LITTLE BIT NORTH OF THAT AREA. NORTH OF MAIN STREET. >> OKAY. >> ANY OTHER QUESTIONS, COMMISSIONERS? >> AS THIS PROJECT MOVED THROUGH ANY OF THE OTHER COUNCILS OR COMMISSIONS? OKAY. JUST CURIOUS AS THE TIMING. >> YEAH, IT GOT VOTED OUT OF PLAN COMMISSION AND I BELIEVE IT WAS APPROVED WITH COUNCIL AS WELL. >> ANY FURTHER QUESTIONS? SEEING NONE, IF IT'S YOUR PLEASURE, THE CHAIR WOULD [00:15:01] ENTERTAIN A MOTION OF APPROVAL FOR ACTION ITEM NUMBER 5 RESOLUTION 2026-11. >> SO MOVED. >> THANK YOU COMMISSIONER. IS THERE A SECOND? >> SECOND. >> BEEN MOVED AND SECONDED. ALL IN FAVOR PLEASE SAY AYE. ANY POSED SAME SIGN. IT IS APPROVED. THANK YOU VERY MUCH COMMISSIONERS. WE WILL NOW MOVE ONTO OUR ACTION ITEM NUMBER 6 WHICH IS APPROVAL OF A LICENSE AGREEMENT FOR OUR PARKING AREA ON A PRIVATE LOT. ONCE AGAIN, MR. DIRECTOR AT THIS TIME? >> THANK YOU MR. PRESIDENT. IN THIS IMAGE, THIS BUILDING RIGHT HERE, THIS IS A HISTORICAL PHOTOGRAPH. IT DOESN'T EXIST ANYMORE. IT'S BEEN DEMOLISHED. THIS BUILDING RIGHT HERE IS 41 1ST STREET. THE OWNER IS G.F. GREENWALLET WHO HAS BEEN VERY GRACIOUS WITH US. HE HAS DEMOLISHED THIS BUILDING. BUT BECAUSE HE'S NOT SURE WHAT THE PLANS ARE FOR THE PROPERTY YET, HE'S ALLOWING US TO TEMPORARILY PUT UP A PARKING LOT THERE. A PARKING LOT THAT WILL BE QUITE USEFUL TO OUR FIRE DEPARTMENT HEADQUARTERS JUST IMMEDIATELY SOUTH OF THE PARCEL. SO IN ORDER FOR US TO PUT A TEMPORARY PARKING LOT LIKE WE'VE DONE MANY TIMES BEFORE IN FRONT OF THIS COMMISSION, THE COMMISSION LEASES OR HAS A LICENSE AGREEMENT OVER THE LOT TO ALLOW OUR INSURANCE TO ATTACH. WE ARE WORKING WITH OUR FRIENDS IN THE STREET DEPARTMENT TO HAVE OUR CRC WILL FUND THE COST. STREET DEPARTMENT WILL PROVIDE THE LABOUR AND WE WILL ADD-- WE WILL FILL THAT SITE TO ALLOW IT TO BE A TEMPORARY PARKING LOT FOR THE NEXT TWO YEARS. IN FRONT OF YOU TODAY IS THE REQUEST TO HAVE THE LICENSE AGREEMENT OVER THE SITE. WE'LL COME BACK TO YOU WITH THE COST OF THE PARKING. BUT IT SHOULD BE LESS THAN 20 GRAND. IT'S GOING TO BE SIMILAR TO OUR OTHER TEMPORARY PARKING LOTS WHERE IT'S MOSTLY REALLY NICE, BUT-- CLEARLY A TEMPORARY ARRANGEMENT. WE'RE GOING TO COME BACK AND ADD FILL AND STRIPE IT AND MAKE IT LOOK NICE. JUST IN MYERS AND OUR TEAM AND ARCHITECT DID A LAYOUT. SO IT WILL BE GOOD. THE ACTUAL COST WILL BE AROUND $20,000. AND SO THIS IS A LICENSE AGREEMENT THAT ALLOWS US TO ACTUALLY PUT A PARKING LOT HERE. PUT UP A PARKING LOT HERE. I WILL JUST NOTE FOR FUN IN PARAGRAPH TWO, THERE IS A TERM THAT SAYS THAT FOR EVERY MONTH THAT THE OWNER OF THE LAND ASKS TO REDUCE THE 24 MONTH TERM OF THIS LICENSE AGREEMENT. HE HAS TO PAY US BACK $1,600 PER MONTH. TO RECOUP OUR COSTS FOR BUILDING THE LOT. SO THAT IS PROBABLY AS GOOD AS IT GETS AND WE ARE VERY APPRECIATIVE OF MR. GREENWALT FOR ALLOWING THIS AND THAT IS AN ESSENCE THE LICENSING AGREEMENT. >> ANY QUESTIONS? YES. >> THIS IS A 20,000. NOT LIKE KIT GO OVER. >> THIS IS NOT A CONVERSATION ABOUT THE COST OF THE PARKING LOT. THIS IS ABOUT LEASING THE LAND. EARLY IS THE STREET DEPARTMENT 20 GRAND SO TO COME BACK TO YOU IN THAT WITH A CLAIM. IF IT RISES ABOVE THAT IT WILL PROBABLY BE AN ACTIONITE NM FRONT OF YOU BUT I DON'T EXPECT THAT. >> ANY OTHER QUESTIONS COMMISSIONERS? SEEING NONE IF IT'S YOUR PLEASURE, THE CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL OF ACTION ITEM NUMBER SIX. AND AN APPROVAL OF THE LICENSE AGREEMENT FOR THE PUBLIC PARKING ON PRIVATE LAW. >> MOVE TO APPROVE. >> THANK YOU. COMMISSIONER. IS THERE A SECOND? >> I WILL SECOND. >> IT'S BEEN MOVED AND SECONDED. ALL IN FAVOR PLEASE SAY AYE. ANY OPPOSED, SAME SIGN. THANK YOU VERY MUCH. COMMISSIONERS AS IT IS APPROVED. LIT MOVE ONTO OUR NEXT ACTION ITEM WHICH IS ACTION ITEM NUMBER SEVEN. AND THIS IS RESOLUTION 2026-12 AND THIS IS OF THE CARMEL REDEVELOPMENT COMMISSION TO APPROVE THE TERMS, OF A LEASE WHERE-- EXCUSE ME, OF THE-- PROCEEDING THREE PROJECTS OF I PRESUME REDEVELOPMENT. >> YES THIS IS THE PERSIDIEM THREE PROJECT THAT'S BEEN WIDELY COVERED IN THE MEDIA. CITY COUNCIL VOTED ON THE LATEST VERSION OF THIS MRO PRO JEKT JUST EARLIER THIS YEAR WITH THE LATEST RENDERINGS THAT YOU SEE NOW. SO THE RESOLUTION IN FRONT OF YOU ESSENTIALLY MEMORIALIZES THE TERMS DISCUSSED IN FRONT OF CITY COUNCIL. THAT WOULD THEN LATER FORM PART [00:20:02] OF A PROJECT AGREEMENT. I DO WANT TO NOTE THAT THERE IS A TYPO IN WHAT IS IN FRONT OF YOU. BECAUSE ON THE SECOND PAGE-- UNLESS FIRST WHEREAS PARAGRAPH WHERE YOU CAN SEE THE PRAZ. ON THE SECOND PAGE, IT DOES SAY THAT THERE IS A NOTE THAT MATURES 60 MONTHS AFTER SUCH SALE. THAT NUMBER IS SUPPOSED TO BE 36 MONTHS. SO WITH THAT ADJUSTMENT, OTHERWISE THIS ESSENTIALLY MEMORIALIZES THE TERMS OF THE PROJECT AGREEMENT THAT WE WOULD DO RELATED TO THIS AS BEEN WIDELY COVERED. THE FACTS ON THE SCREEN IN FRONT OF YOU ARE STILL REMAIN AND OBVIOUSLY THE DEVELOPERS ON SITE DOING DEMO ALREADY. SO THIS JUST ALLOWS THE PROJECT TO MOVE FORWARD. WE WILL BE COMING BACK TO YOU-- SORRY WE WILL BE COMING BACK TO THIS COMMISSION TO APPROVE A FO FORMAL ALLOCATION AREA. AND RELATED THE TIFF PLEDGE RELATED TO THE ALLOCATION AREA. WE WILL FORM THAT A BIT LATER. BUT THIS VOTE TODAY MOVES THE PROJECT AGREEMENT FORWARD. I'M HAPPY TO ANSWER ANY QUESTIONS ABOUT THE PROJECT OR ABOUT THE RESOLUTION IN FRONT OF YOU WITH THE ADJUSTMENT AS NOTED. >> VERY GOOD, THANK YOU MR. DIRECTOR. ANY QUESTIONS OF THE DIRECTOR? REGARDING THE PROJECT? >> I HAVE A QUESTION. SO IF I'M LOOKING AT THIS IN THE RIGHT SPOT, ISN'T THERE A CHILDREN'S PARK ON THE SOUTHWEST CORNER OF THAT P PARCEL? >> NO, THE-- THIS IS JUST ADJACENT TO THE JAPANESE GARDEN. AND THIS IS WHERE THE DEMO JUST TOOK PLACE. >> YEAH, HI THE WRONG ONE. THANK YOU. >> VERY GOOD. ANY OTHER QUESTIONS AT THIS POINT? >> WELL IF I COULD COMMISSIONERS, IF IT'S YOUR PLEASURE, WHAT I WOULD PREFER TO DO IS IF-- I WOULD PREFER A RESOLUTION-- A MOTION TO AMEND THE PROPOSAL THAT'S BEFORE US 2026-12 TO CHANGE THE NUMBER OF MONTHS FROM 60 MONTHS. ON THE FIRST WHEREAS CLAUSE IN THE SECOND PAGE OF THE RESOLUTION TO 36 MONTHS. SO IF I COULD HAVE SOMEONE. >> SO MOVEED. >> THANK YOU. A SECOND? >> SECOND. >> IT'S BEEN MOVED AND SPENDING ALL IN FAVOR PLEASE SAY AYE. >> AYE. >> ANY OPPOSEED? IT IS APPROVED. THANK YOU VERY MUCH. SO NOW, I-- IF IT'S YOUR PLEASURE, THE CHAIR WOULD LIKE A MOTION TO APPROVE RESOLUTION 2026-12 AS AMENDED. >> MOVE TO APPROVE. >> THANK YOU. IS THERE A SECOND? >> SECOND. >> THANK YOU COMMISSIONER. IT'S BEEN MOVED AND SECONDED. ALL IN FAVOR OF APPROVING THE MOTION AS AMENDED SAY AYE. >> ALL: AYE. >> OPPOSED SAME SIGN. IT IS APPROVED AS AMENDED. THANK YOU VERY MUCH. SO WITH THAT, MR. DIRECTOR, IS THERE ANY OTHER BUSINESS TO COME BEFORE US? >> THERE'S NOT MR. PRESIDENT. >> THANK YOU VERY MUCH. WELL, I'D LIKE TO THANK EVERYBODY FOR COMING IN ON A BEAUTIFUL DAY. GO OUT AND ENJOY THE OUTSIDE. IT'S LOVELY, I DON'T KNOW HOW MUCH LONGER IT WILL LAST, BUT THE WINNER WILL CATCH UP WITH [9. EXECUTION OF DOCUMENTS] US EVENTUALLY, WINTER. SO WITH THAT OBJECTION I WILL DECLARE US TO BE IN ADJOURNMENT PENDING THE EXECUTION OF DOCUMENTS. * This transcript was compiled from uncorrected Closed Captioning.