[00:00:10] GENTLEMEN THIS IS THE REGULAR MONTHLY MEETING OF THE CARMEL REDEVELOPMENT COMMISSION. I'LL CALL THE MEETING TO ORDER AND IF YOU WOULD STAND AND JOIN ME IN THE PLPLEDGE OF AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL." [2. APPROVAL OF MINUTES] >> THANK YOU, VERY MUCH. WE WILL NOW MOVE ONTO OUR NEXT ORDER OF BUSINESS. WHICH IS THE APPROVAL OF MINUTES OF OUR SEPTEMBER 21ST REGULAR MEETING AND OUR OCTOBER 12TH, SPECIAL MEETING. ARE THERE ANY CORRECTIONS OR ADDITIONS TO EITHER SETS OF MINUTES? >> MOVE TO APPROVE. >> IT'S MOVED AND SECONDED. >> ALL IN FAVOR, PLEASE SAY AYE. (CHORUS OF AYES) >> ANY OPPOSED? THE MINUTES [3a. Cash Flow Report] FOR SEPTEMBER 21ST, AND OCTOBER 12TH ARE ARE APPROVED. AND WE'LL NOW MOVE ONTO OUR FINANCIAL MATTERS AND BEGIN WITH THE CASH FLOW REPORT, MR. LEE. >> THANK YOU, THE COMMISSION'S END OF MONTH BALANCE FOR SEPTEMBER WAS $6,000,649. THE RESTRICTED FUNDS IS $15,045,098. >> THANK YOU, MR. LEE. ANY [3b. Approval of Claims] QUESTIONS FOR MR. LEE? >> SEEING NONE, WE'LL MOVE ON TO THE APPROVAL OF CLAIMS. >> YOU HAVE BEFORE YOU THREE SETS OF CLAIMS TO APPROVE, THE FIRST IN $277,980.14. THE SECOND ONE IN THE AMOUNT OF $22,129.16 CREPTS. AND FINALLY, THE 2021 TIF BONDS IN THE AMOUNT OF $148,608.75. PLEASE LET ME KNOW IF YOU HAVE AQUESTIONS? >> ANY QUESTIONS? >> SEEING NONE, IF IT'S YOUR PLEASURE, THE CHAIR WILL ENTERTAIN A MOTION OF APPROVAL. >> MOVE TO APPROVE. >> THANK YOU. >> SECONDED. >> IT'S BEEN MOVED AND SECONDED. ALL IN FAVOR PLEASE [3c. Action Item #1 – Change Orders] SAY AYE. >> (CHORUS OF AYES) >> AND IT IS APPROVED. NOW ACTION ITEM ONE WHICH IS CHANGE ORDERS AND ONCE AGAIN, MR. LEE? >> EXCUSE ME, MS. FAIRMAN? >> YES. >> THIS IS A CHANGE ORDER FOR THE TARKINGTON GARAGE REPAIR. THERE'S STEEL THAT HAD SHEERED AND NEEDS TO BE REPLACED. WE REQUEST THESE FUNDS TO COVER THOSE REPAIRS. >> AND I ASSUME THESE ARE PART OF THE REPAIRS UNDERWAY AT THE MOMENT? >> COMMISSIONERS, ANY QUESTIONS REGARDING THE CHANGE ORDER FOR MS. FAIRMAN. SEEING NONE, IF IT'S YOUR PLEASURE, THE CHAIR WILL ENTERTAIN A MOTION OF APPROVAL. >> I MOVE TO APPROVE THE CHAIR ORDER. >> THANK YOU. >> SECOND. >> IT'S MOVED AND SECONDED, ALL IN FAVOR, PLEASE SAY AYE. >> [4. EXECUTIVE DIRECTOR REPORT] (CHORUS OF AYES) >> ANY OPPOSED? IT IS APPROVED. THANK YOU VERY MUCH. >> WE WILL NOW MOVE ONTO THE EXECUTIVE DIRECTOR'S REPORT, BUT, UNFORTUNATELY, THE EXECUTIVE DIRECTOR IS AT A CONFERENCE, I BELIEVE. SO, MADAM DEPUTY DIRECTOR, IF YOU WOULD PROVIDE THE REPORT FOR US. >> >> THANK YOU, MR. PRESIDENT. GIVE YOU AN UPDATE ON OUR CURRENT PROJECTS. PLAY FOR HOLLAND IS OPEN, INDUSTRIUS HAS OCCUPIED THE FIRST FLOOR. THE WREN CONTINUES PROGRESS, I TALKED WITH SIGNATURE YESTERDAY AND THEY'RE MOVING ON TO THE NEXT PHASE OF THEIR CONSTRUCTION, THE STEEL WILL BE GOING UP IN THE NEXT COUPLE OF WEEKS. THE WINDSOR IS STILL UNDER CONSTRUCTION, THEY HAVE [00:05:03] THE SHORING INSTALLED FOR THE BASEMENT CONSTRUCTION, THEY INCLUDED BANK STREET, SO THEY COULD GET THE EXTERIOR WALLS POURED FOR THE BASEMENT THERE. >> THE PRISINIUM NO MAJOR UP DATES BUT THEY WERE A RECIPIENT OF THE MONUMENTAL AWARDS. >> THE MONAN, IF YOU STAND ON THE CIVIC SQUARE GARAGE AND LOOK WEST, THAT WILL GIVE YOU A FULL VIEW OF THE DEVELOPMENT TO THE MONAN. FIRST ON MAIN PROGRESSES. I BELIEVE STEEL HAS STARTED TO GO UP. MAGNOLIA HAVE COMPLETED A BIT MORE OF THE FACADE ON THE FIRST BUILDING UNDER CONSTRUCTION, IT LOOKS TO ME THAT THEY'RE STARTING TO WORK ON THE INTERIORS AT THIS POINT, LOOKING FORWARD TO SEE PROGRESS FROM THEM AND HOPEFULLY, INTERIOR PHOTOS. THE CORNER DEVELOPMENT IS STILL PROGRESSING, I'VE NOT DRIVEN PAST THIS ONE IN THE LAST COUPLE OF WEEKS, BUT, I WANTED TO SEE WHAT WAS HAPPENING FURTHER ON RANGE LINE. SIGNATURE, ALSO HAS MADE QUITE A BIT OF PROGRESS. THE PHOTO AT THE UPPER RIGHT THAT SHOWS THE TWO STEEL TOWERS ALMOST DISAPPEAR RIGHT NOW WITH ALL OF THE FRAMES THAT'S BEEN INSTALLED AROUND THEM. THEY HAVE PLYWOOD PANELS UP FOR THE EXTERIOR OF THE BUILDING, AND YOU COULD SEE THE BUILDING SHAPE, IT'S REALLY PRETTY EXCITING. CIVIC SQSQUARE PARKI GARAGE IS OPEN. THE MOSAIC PANEL THAT YOU SEE ON THE UPPER RIGHT IS IN PROCESS RIGHT NOW, I SPOKE WITH NANCY KEATING LAST WEEK AND SHE'S STARTING TO PUT TOGETHER THE MOSAICS. HAMILTON CROSSING IS PROGRESSING AND THEY'VE MADE MOST OF THE PROGRESS ON THE SOUTHWEST BUILDING WITHIN THEIR DEVELOPMENT WHICH IS THAT TRAINING FACILITY THAT YOU COULD SEE ALONG MERIDIAN STREET, AND THAT IS ALL I HAVE FOR YOU TODAY. ANY QUESTIONS? >> THANK YOU, MS. FAIRMAN, ARE THERE ANY QUESTIONS FOR MISS FAIRMAN REGARDING THE STATUS OF PROJECTS. THANK YOU VERY MUCH. WE NOW MOVE TO OUR COMMITTEE REPORTS, AND THE ARCHITECTURAL COMMITTEE. >> WE DID NOT MEET THIS PAST MONTH AND WE'RE MEETING THIS COMING FRIDAY AND WE'LL HAVE A REPORT FOR YOU NEXT MONTH. >> THANK YOU, COMMISSIONER BROOKS. ANY QUESTIONS FOR COMMISSIONER BROOKS AT THIS POINT? SEEING NONE, IS THERE [7a. Action Item #2 – Approval of construction fencing purchase] ANY OLD BUSINESS TO COME BEFORE US THIS EVENING? SEEING NONE, WE MOVE ONTO NEW BUSINESS, AND WE HAVE SEVERAL ACTION ITEMS. THE FIRST ACTION ITEM IS ACTION ITEM NUMBER 2 WHICH IS THE APPROVAL OF CONSTRUCTION FENCING FOR THE CIVIC SQUARE GARAGE. >> THANK YOU, MR. PRESIDENT, THIS ACTION ITEM IS REQUESTING APPROVAL FOR THE PURCHASE OF FENCING AT THE CIVIC SQUARE GARAGE WE HAVE BEEN LEASING FENCING TO ENCLOSE THE AREA ALONG THE NORTH AND WEST SIDE OF THAT CONSTRUCTION SITE WHERE THE CONDOMINIUMS WILL BE PLACED IN THE FUTURE, ADJACENT TO THE PARKING GARAGE. AND WE'VE MADE THE DECISION TO PURCHASE THE FENCING RATHER THAN TO CONTINUE LEASING, JUST SO THAT WE'LL HAVE AN OPPORTUNITY TO UTILIZE IT ON FUTURE PROJECTS, WITH AS MUCH WORK THAT WE'RE DOING AROUND THE CITY, WE KNOW THAT WE WILL HAVE OPPORTUNITY TO USE IT MANY TIMES. WE ASK FOR THE APPROVAL OF THAT. >> I THINK IT'S WORTH NOTING THERE'S A LOT GOING ON IN THAT AREA BETWEEN THE CONDOMINIUMS AND THE NEW POLICE AND JUSTICE CENTER, THE ROAD WORK, THE CIVIC SQUARE GARAGE AND ALL THAT'S GOING ON. IT'S A BUSY PLACE. ANY QUESTIONS? >> POTENTIALLY, FOR THE LISTENING PUBLIC, AS I UNDERSTOOD EARLIER, THIS FENCING IS OF A SIGNIFICANT GAUGE FOR LACK OF A BETTER WORD, IT'S A MUCH DURABLE, LASTING FENCING, IS THAT CORRECT? [00:10:01] >> SURE, YEAH. SO WE'RE CURRENTLY LEASING FENCING WHICH IS A VERY THIN GAUGE, HIGH GAUGE SEAL, WE'RE GOING TO A SMALLER GAUGE AND THICKER WIRES, IT WILL BE MORE DURABLE. AS MUCH CONSTRUCTION THAT WE HAVE, ANYTIME THAT A TRUCK BUMPS INTO AN EXISTING FENCE, IT GETS WORSE AND WORSE. THIS IS A MORE DURABLE FENCE THAT WE WILL BE ABLE TO RESTORE AND REUSE. AND WE'RE USING BASES WHICH ARE MORE STURDY SO THAT THE FENCING IS NOT MOVING AROUND QUITE AS OFTEN. >> THANK YOU. >> THANK YOU MISSMISS FAIRMAN. >> MOTION TO APPROVE THE CONSTRUCTION FENCE PURCHASE IN THE AMOUNT OF $60,586.70. PAPAL 2021 WITH GO BONDS FUNDS. >> THANK YOU. >> SECOND. >> IT'S BEEN MOVED AND SECONDED. ALL IN FAVOR, PLEASE [7b. Action Item #3 – Approval of agreement for roundabout artwork] SAY AYE. >> (CHORUS OF AYES) >> ANY OPPOSED? >> IT IS APPROVED, THANK YOU VERY MUCH. >> WE'LL NOW MOVE TO ACTION ITEM 3 WHICH IS THE APPROVAL OF THE ZOTEC ROUNDABOUT ART FUNDING. >> AS YOU MENTIOND, THIS IS FOR THE ZOTEC ROUNDABOUT ART. THE CITY WILL OWN THIS ARTWORK AND THIS IS PAY WITH THE 2021 TIF BONDS, AS YOU MAY RECALL THERE ARE BUCKETS IN THE TIF AND THIS IS ONE SPECIFIED IN THE AMOUNT OF $250,000. WHICH IS WHAT THIS CONTRACT IS FOR, WE HAVE TO MAKE THE FIRST PAYMENT FOR THE HALF OF IT IN THE NEXT 30 DAYS AND THE SECOND PAYMENT ONCE IT IS INSTALLED. >> THANK YOU, MR. LEE, QUESTIONS OF MR. LEE REGARDING THIS ACTION ITEM? >> SEEING NONE, IF IT'S YOUR PLEASURE, CHAIR WILL ENTERTAIN A MOTION OF APPROVAL. >> I WOULD LIKE TO MAKE A MOTION TO APPROVE THE ZOTEC ART FUNDING IN THE AMOUNT OF $250,000, PAPAL FROM THE 2021 TIF BONDS. [7c. Action Item #4 – Resolution 2022-25 re: Flora project agreement] >> IT'S MOVED AND SECONDED. ALL IN FAVOR SAY AYE. >> (CHORUS OF AYES) >> ANY OPPOSED? IT IS APPROVED, THANK YOU VERY MUCH. WE NOW MOVE TO ACTION ITEM 4 WHICH IS RESOLUTION 2022-25 OF THE CARMEL REDEVELOPMENT COMMISSION TO APPROVE THE TERMS OF THE FLORA PROJECT AND GRANT AGREEMENT. TO THE CMCDC. MS. FAIRMAN IF YOU WOULD LIKE TO GIVE US A BRIEF DESCRIPTION? >> THIS IS A REQUEST TO APPROVE THE RESOLUTION WITH THE APPROVAL OF THE TERMS FOR THE FLORA PROJECT AND GRANT PROJECT IMPROVEMENT FUNDS TO THE CMCDC IN THE AMOUNT OF $150,000. THIS WILL BE PAYABLE FROM THE 902 FUND AND WOULD SUPPORT INFRASTRUCTURE ON THE PROJECT, THE CRC WOULD RECEIVE 100 FIRST OF THE TIF OP THE PROJECT IN RETURN FOR THIS INVESTMENT. >> VERY GOOD, ARE THERE ANY QUESTIONS REGARDING THIS ACTION ITEM, COMMISSIONERS? >> I WOULD ASK THAT WE SHARE WITH THE PUBLIC THE LOCATION OF THIS PROJECT? >> SO, THIS LOCATION IS AT IT'S BETWEEN SPSPRING MILL AND ILLINS AT 106TH. >> IT'S REALLY CLOSE TO 96TH STREET. >> 96TH, YEAH, THANK YOU. >> THANK YOU, VERY MUCH. ANY OTHER QUESTIONS AT THIS POINT? >> IF NOT, THE CHAIR WILL ENTERTAIN A MOTION OF APPROVAL IF THAT'S YOUR PLEASURE. >> MOTION TO APPROVE RESOLUTION 2021-25 APPROVAL OF THE TERMS OF THE FLORA PROJECT AND GRANT PROJECT IMPROVEMENT FUNDS TO THE CMCDC IN THE AMOUNT OF $150,000. >> THANK YOU, IS THERE A SECOND? >> SECOND THE MOTION. >> IT'S BEEN MOVED AND SECONDED. ALL IN FAVOR, PLEASE SAY AYE. >> (CHORUS OF AYES) [7d. Action Item #5 – Resolution 2022-26 re: Aloft/Element Hotel project agreement] >> ANY OPPOSED? IT IS APPROVED. THANK YOU, VERY MUCH, COMMISSIONERS. >> WE'LL NOW MOVE ONTO OUR ACTION ITEM NUMBER 5 WHICH IS A RESOLUTION 2022-26 OF THE CARMEL REDEVELOPMENT COMMISSION TO APPROVE THE TERMS OF TTHE ALOFT/ELEMENT HOTEL PROJECT AND GRANT PROJECT IMPROVEMENT FUNDS [00:15:04] TO THE CMCDC. MS. FAIRMAN, ONCE AGAIN? >> YES, THANK YOU, MR. PRESIDENT. AGAIN, WE ARE REQUESTING A MOTION TO APPROVE A SIMILAR AGREEMENT TO WHAT WE JUST DISCUSSED FOR FLORA, THIS IS FOR THE ALOFT ELEMENT PROJECT WHICH IS A HOTEL THIS IS LOCATED JUST NORTH OF NORTH 65 ON THE EAST SIDE OF MERIDIAN AT PENNSYLVANIA AND WE'RE REQUESTING A FRONT OF $50,000 TO THE CMCDC TO PAY FOR INFRASTRUCTURE FOR THE PROJECT AND THE CRC WOULD KEEP 1 HEN% OF THE TIF. >> ANY QUESTIONS REGARDING ACTION ITEM FIVE, COMMISSIONERS? >> WELL, SEEING NONE, IF IT'S YOUR PLEASURE, THE CHAIR WILL ENTERTAIN AN MOTION FOR APPROVAL. >> MOTION TO APPROVAL RESOLUTION 2022-26, FOR THE ALOFT ELEMENT PROJECT, AND FRONT THE FUNDS TO THE CMCDC IN THE AMOUNT OF $50,000 PAPYABLE TO TE 902 FUND. >> SECOND. >> WITH THAT, ALL IN FAVOR, PLEASE SAY AYE. >> (CHORUS OF AYES) >> ANY OPPOSED? >> IT IS APPROVED. THANK YOU [7e. Action Item #6 – Purchase of property located at 311 W. Main Street] VERY MUCH, COMMISSIONERS. WITH THAT WE MOVE TO ACTION ITEM 6 WHICH IS PURCHASE OF PROPERTY LOCATED AT 311 WEST MAIN STREET. MR. LEE, IF YOU WOULD LIKE TO PROVIDE US A DESCRIPTION? >> THANK YOU, THIS PROPERTY RESIDENTIAL PROPERTY LOCATED JUST WEST OF THE BLOCK WHERE ANTHONY'S CHOP HOUSE IS LOCATED. AND WE OFFERED THE OWNER OF THE AVERAGE OF THE TWO APPRAISALS, AND THEY ACCEPTED FOR THE AMOUNT OF $346,000, SO, WE'RE LOOKING AT THIS TIME TO LOOK AT PURCHASES THIS PROPERTY, AND THEN, THIS IS GOING TO BE A REQUEST COMING ON THE 2021 TIF FUND SO THAT WILL HAVE TO GO BEFORE CITY COUNCIL AS WELL. >> VERY GOOD, MR. LEE. QUESTIONS OF MR. LEE, COMMISSIONERS? >> SEEING NONE, IF IT'S YOUR PLEASURE, CHAIR WILL ENTERTAIN A MOTION OF APPROVAL FOR ACTION ITEM NUMBER SIX. >> APPROVE THE PURCHASE OF THE PROPERTY LOCATED AT 311 WEST MAIN STREET IN THE AMOUNT OF $34 $346,000 PAYABLE FOR FEDERAL RESERVE THE 2021 TIF BONDS. >> IS THERE A SECOND TO THE MOTION? >> SECOND THE MOTION. >> THANK YOU. WITH THAT, THE CHAIR WILL ENTERTAIN A -- ALL IN FAVOR, COMMISSIONERS, PLEASE SAY AYE. >> (CHORUS OF AYES) >> ANY OPPOSED? >> NO. SO, WE, UM, IT IS [7f. Action Item #7 – Approval of server room construction contract] APPROVED. VERY GOOD. AND SO, THANK YOU, COMMISSIONERS. WE WILL NOW MOVE ONTO ACTION ITEM NUMBER 7 MS. FAIRMAN HAS YOUR NAME ON IT, APPROVAL OF A CONTRACT WITH BW CONSTRUCTION FOR THE CARTER GREEN PROJECTION MAPPING SERVER ROOM BUILDOUT. MS. FAIRMAN IF YOU WOULD LIKE TO TALK ABOUT THIS PROJECT. >> THANK YOU, MR. PRESIDENT. A WEEK AGO WE HELD A PUBLIC MEETING TO OPEN BIDS FOR THE BUILD OUTOF A SERVER ROOM. FOR THOSE WHO MIGHT BE LISTENING BUT DIDN'T ATTEND THE SPECIAL MEETING LAST WEEK, YOU MIGHT BE WATCHING ONLINE. WE'RE BUILDING THIS SERVER ROOM WITHIN AN EXISTING ENCLOSURE ON THE ROOF OF THE JAMES BUILDING AND IT WILL HOUSE THE EQUIPMENT THAT SERVES THE PROJECTORS TO BE INSTALLED FOR THE PROJECTION PROJECT THAT WE'LL DISPLAY ON THE PLAYEDIUM. WE'RE LOCATING IT ON THE ROOF BECAUSE IT BRINGS ALL THE IT CONSTRUCTION CLOSER TO THE PROJECTION THEMSELVES, RATHER THAN RUNNING THEM FROM THE FIRST FLOOR IDF ROOM IN THE JAMES BUILDING. WE DID OPEN BIDS AND BECAME AWARE IN RVIEWING THE BIDS THAT THERE WAS A MISSING PIECE OF INFORMATION ON THE DESIGN DOCUMENTS AND WE DID ASK FOR CLARIFICATIONS FROM ALL THREE OF THE INTERESTED CONTRACTORS. WITH A SPECIFICATION ON THAT PIECE OF MISSING EQUIPMENT. AFTER GETTING REVISED DOLLAR AMOUNT FROM EACH OF THE INTERESTED CONTRACTORS, THE LOW BIDDER REMAINED THE SAME, BW CONSTRUCTION AND THEY ARE FINAL CONTRACT AMOUNT IS $61,905, PAYABLE FROM THE 902 FUND. I DO HAVE MIKE JURY, FROM JURY SIMMS AND WARNER HERE IF YOU HAVE ANY [00:20:04] QUESTIONS ABOUT THE BID PROCESS WITH THE CLARIFICATIONS OF THE QUOTES? >> THANK YOU, VERY MUCH. COUNCIL MEMBER WOULD YOU LIKE TO MAKE ANY COMMENTS? (INAUDIBLE) >> ANY QUESTIONS COMMISSIONERS EITHER OF MS. FAIRMAN OR MR. DURY? SEEING NONE, IF IT'S YOUR PLEASURE, THE CHAIR WILL ENTERTAIN A MOTION OF APPROVAL. >> I WOULD LIKE TO MAKE A MOTION TO APPROVAL PROPOSAL FROM BW CONSTRUCTION FOR THE CARTER GREEN PROJECTION MAPPING SERVER ROOM BUILD OUTCONTRACT IN THE AMOUNT OF $61,902 PAYABLE FROM THE FUND. >> IT'S BEEN MOVED AND SECONDED. >> ALL IN FAVOR, PLEASE SAY AYE. >> (CHORUS OF AYES) [Additional Item ] >> ANY OPPOSED IN >> IT IS APPROVED. THANK YOU VERY MUCH, COMMISSIONERS. >> AND NOW WE'LL MOVE ONTO ACTION ITEM NUMBER EIGHT. WHICH, LOOKS LIKE RESOLUTION 2022-27, OF THE CARMEL REDEVELOPMENT COMMISSION, REGARDING AN AMENDMENT AND RESTATEMENT OF RESOLUTION 2020-17 PLEDGING CERTAIN REVENUES TO THE PAYMENT OF THE CITY OF CARMEL, INDIANA, REVENUE BONDS LOT ONE PROJECT MR. LEE? >> YES, THE ORIGINAL RESOLUTION PLEDGED 100 PERCENT OF THE TIF TO THE PROJECT, AND THIS IS WHAT WE PLAN TO STILL DO, THE ONLY THING IS THERE'S TIMING DIFFERENCE ON WHEN THERE'S ENCLOSING ON THE CONDO PORTION VERSUS WHEN WE CLOSE ON THE BONDS, THERE'S A TIMING CHANGE AND DO THAT TO ENSURE THAT THOSE CONDOS ARE BUILT AND ARE PART OF THE PROJECT AND TO PROTECT OURSELVES WE'RE AMENDING THIS TO PLEDGE 80% UP UNTIL THE POINT OF ONE OF TWO CONDITIONS ARE MET, EITHER THEY CLOSE ON LOAN FINANCING FOR THE CONDOS OR WHEN THEY HAVE SUBSTANTIAL COMPLETION FOR THE CONDOS, AT THAT POINT, IT WILL GO BACK TO 100%, THIS IS JUST TO COVER OTHER SELVES JUST IN CASE THAT DOESN'T HAPPEN. >> THANK YOU, MR. LEE, ANY QUESTIONS OF MR. LEE REGARDING THIS REVISION OF IT TIF AGREEMENT? >> THE CHAIR WILL ENTERTAIN A MOTION TO APPROVAL. >> MOTION TO APPROVE RESOLUTION 2021-27, AMENDMENT TO AND RESTATEMENT OF RESOLUTION 2022-17. >> THANK YOU. >> VERY GOOD. IS THERE A SECOND TO THE MOTION? >> I'LL SECOND. >> THANK YOU, COMMISSIONER BROOKS, IT'S MOVED AND SECONDED. ALL IN FAVOR, PLEASE SAY AYE. >> (CHORUS OF AYES) >> ANY OPPOSED? >> IT IS APPROVED. THANK YOU VERY MUCH. IS THERE ANY OTHER BUSINESS TO COME BEFORE US THIS EVENING? >> THERE IS NOT. >> VERY GOOD. WELL, THEN, LET'S SEE. WITHOUT OBJECTIONS, I WILL DECLARE US TO BE ADJOURNED PENDING THE EXECUTION OF DOCUMENTS. OUR NEXT MEETING MR. LEE, DO WE HAVE A PROPOSED DATE YET FOR THIS? >> I THINK WE'RE STILL TRYING TO FIGURE THAT OUT, BUT, WE'LL FIGURE THAT OUT BEFORE NOVEMBER. >> OKAY. YEAH, THE OUR NORMAL THIRD WEDNESDAY DATE IS ALSO THE DATE OF THE OPENING UP OF THE MARKET AND SO, WE'RE TRYING TO FIGURE OUT HOW TO WORK THAT. IF WE'RE NOT ABLE TO MEET ON THE 16TH, WE'LL DO WITHIN A FEW DAYS OF THAT, COMMISSIONERS, SO, WE WILL, MR. LEE WE'LL KEEP YOUR POSTED. SO, WITH THAT, AS I SAID, WITHOUT * This transcript was compiled from uncorrected Closed Captioning.