Nov 21, 2024 Redevelopment Agency

NEXT ITEM IS THE FINANCE REPORT FOR, UM, UH, FOR THIS MONTH, UH, WE HAVE SEVERAL JUST SMALLER ITEMS, UH, IN THE RIVER COMMONS FUND.

ANY OPPOSED? SAY NAY I.

MOTION PASSES.

THE

[3. ACTION ITEM: Approval of Expenditures and Finance Report ]

$50 TO BECKY THOMPSON, UH, FOR HER SERVICES IN MEETING MINUTES, $195 TO BRAD KRAMER FOR HIS ASSISTANCE, UM, IN RIVER COMMONS AND IN FIGURE OUT CLOSE CLOSING PROCEDURES FOR THAT $844, EVEN FOR LEGAL SERVICES.

AND $1,250 TO THE CITY OF IDAHO FALLS FOR THEIR ADMINISTRATIVE SUPPORT IN OUR EFFORTS.

AND EAGLE RIDGE, A HUNDRED DOLLARS TO THE CITY OF IDAHO FALLS FOR THEIR ADMINISTRATIVE EFFORTS.

AND A HUNDRED DOLLARS IN JACKSON HOLE JUNCTION REVENUE, ONE FOR THE CITY OF IDAHO FALLS FOR THEIR ADMINISTRATIVE STAFF.

IS THERE ANY QUESTIONS ABOUT THE FINANCE REPORT? AND WELCOME BACK TO CASSIE.

I THINK THIS IS THE FIRST MONTH AFTER VERY EXCITING NEWS AND CONGRATULATIONS FOR, UM, FOR THAT.

UM, ANY QUESTIONS FOR ON THE FINANCE REPORT? ALRIGHT, IS THERE MOTION TO APPROVE THE FINANCE REPORT FOR NOVEMBER, 2024? SO MOVED.

IS THERE A SECOND? SECOND, YES.

ALL IN FAVOR SAY AYE.

ON THE AGENDA IS THE APPROVAL OF THE ENGAGEMENT LETTER WITH RUD AND COMPANY FOR THE FISCAL YEAR 2024 AUDIT, UH, USING RUD AND COMPANY, UH, AGAIN THIS YEAR.

THE OPPOSED SAY NAY.

A MOTION PASSES UNANIMOUSLY.

THE NEXT ITEM

[4. ACTION ITEM: Approval of the Engagement Letter with Rudd & Company, PLLC for FY24 Audit ]

UH, AND AS I UNDERSTAND IT, THE CITY USES USING RUD AND COMPANY AS WELL.

UM, WE'RE USING LOS ADAMS. OKAY.

SO WE'RE GOING WITH WHO WE'VE GOTTEN WITH IN THE PAST AND THE CITY'S WE HAVE.

THE CITY HAS USED RUDD IN THE PAST, BUT THIS YEAR, UM, WE'RE GONNA USE MOSS ADAMS. OKAY.

UM, ANYTHING ABOUT THE AUDIT, UM, ENGAGEMENT LETTER? ANYTHING NEW ABOUT THE ENGAGEMENT LETTER THIS YEAR? NO, I HAVE NO COMMENT.

TERRY, WE ALWAYS LOOK TO YOU.

YEAH, I LOOKED THROUGH IT.

I, I THINK .

ALRIGHT.

UM, WE ARE AN AGENCY THAT GETS, WE HAVE OUR AUDITS CONDUCTED EVERY YEAR SO THAT WE STAY, UH, OPEN AND TRANSPARENT TO THE PUBLIC.

SO WE REPORT STEP TO GET THAT DONE.

IS THERE A MOTION TO, UM, APPROVED? I, WHAT DO WE NEED? UM, MEGAN, WE JUST NEED A MOTION TO APPROVE THE MENT LETTER.

YES, THAT'S CORRECT.

THAT'S A MOTION, YEAH.

A MOTION TO APPROVE THE ENGAGEMENT LETTER WITH FROM COMPANY PER OUR FISCAL 22 AUDIT.

IS THERE A SECOND? SECOND.

ANY DISCUSSION? ALL IN FAVOR SAY AYE.

ANY OPPOSED? SAY NAY.

ALRIGHT, THE MOTION PASSES UNANIMOUSLY.

GOING TO TURN, UM, THE CHAIR OVER TO, UH, BRETT THOMPSON.

ALRIGHT, WITH THAT I'M

[Items 5 & 6]

UH, WE HAVE SIX OF OUR SEVEN MEMBERS HERE TODAY, AND I BELIEVE, UH, LISA HAW AND I HAVE DECLARED A CONFLICT ON THIS BECAUSE THERE'S ONE PARCEL THAT WE, UM, HAVE A RELATION TO, UH, WITH THE OWNER.

UM, SO WE'LL TURN THIS OVER TO BRETT THOMPSON TO CONDUCT THIS, UH, THIS ACTION ITEM AND, UH, DISCUSSION ITEM SIX AS WELL.

SO I GUESS AT THIS POINT, UM, WE HAVE A, A RATHER LENGTHY, UH, RESOLUTION IN FRONT OF US TO APPROVE THE, UH, PLAN FOR THE SNAKE RIVER WEST, UH, DISTRICT.

AND I WAS WONDERING IF WE COULD HAVE, UH, BRAD, IF YOU COULD, UM, COULD WE BRING UP THE, UH, THE MAP ON OF THE RESOLUTION? AND BRAD, BRAD, COULD YOU JUST REVIEW THE, THE DIFFERENT AREAS THAT ARE INVOLVED IN IT REAL QUICKLY? AND YOU HAVE AN OVERALL MAP AS WELL, DON'T YOU, BRAD? I HAVE ONE A COUPLE SLIDES IN.

[00:05:01]

THERE'S AN OVERALL MAP.

WILL THAT SUFFICE CHAIR.

AND AS PART OF THIS PRESENTATION, HE HAS ACTUALLY A MAP OF THE AREA, IF YOU'D LIKE, UNLESS YOU'D LIKE US TO PULL UP THE GOOGLE MAPS OR, WELL, I WAS THINKING ABOUT THE, THE COLORED MAP.

I'M SORRY, I DON'T HAVE THE PAGE.

UH, IT SHOWS THAT THE DE ANNEXATION AREA, UH, FROM EAGLE RIDGE.

LET'S SEE.

IT'S, UH, NOT, UH, FIND THE PAGE HERE.

I'VE GOT IT ON.

UH, IT IS, IT IS ON ATTACHMENT FIVE, PAGE TWO TO, AND IF YOU COULD JUST, YOU KNOW, RE-HIGHLIGHT WHAT, WHAT'S GOING ON HERE WITH THIS, WITH EAGLE RIDGE AND THIS DISTRICT.

SURE.

UH, AND, AND THAT IS IN CONJUNCTION WITH THE TASK BY THE ECONOMIC FEASIBILITY STUDY.

WE'LL GET IT PULLED UP FOR YOU IN JUST A SECOND.

UH, IN THE MEANTIME, MEGAN, WOULD YOU BE ABLE TO JUST KIND OF SUMMARIZE THIS, UH, THIS, UH, LENGTHY, UH, PLAN FOR US? JUST GIVE US THE HIGHLIGHTS ON IT? UH, CERTAINLY.

UH, THANK YOU.

UM, COMMISSIONERS, APPRECIATE THE OPPORTUNITY TO PRESENT TO YOU TODAY.

UH, BEFORE YOU IN YOUR PACKET IS THE PROPOSED URBAN RENEWAL PLAN FOR THE SNAKE RIVER WEST URBAN RENEWAL PROJECT.

UM, THIS HAS BEEN UNDER DISCUSSION BY THIS BOARD FROM QUITE, FOR QUITE SOME TIME.

UM, AS, UH, STEPPING BACK A LITTLE BIT, YOU MAY RECALL THAT TWO DEVELOPERS CAME TO THIS BODY WITH DIFFERENT PROPOSALS, WHICH, UM, ULTIMATELY RESULTED IN A DE ANNEXATION OF, YOU SEE THE, THE MAP THAT IS UP ON YOUR SCREEN RIGHT NOW.

THERE'S A LITTLE TRIANGLE PORTION IN THE BOTTOM LEFT, AND THEN THERE'S A PORTION OF PIONEER ROAD THAT WAS DE ANNEX FROM THE EXISTING EAGLE RIDGE PROJECT AREA.

THAT DE ANNEXATION SUCCESSFULLY, UH, MOVED ITS WAY THROUGH THE PROCESS.

UM, AND THEN ABOUT SIMULTANEOUS WITH THAT DE ANNEXATION PROCESS, THERE WAS AN ELIGIBILITY STUDY THAT WAS CONDUCTED, UH, FOCUSED ON THE ACREAGE THAT WAS NOT INCLUDED IN THE ORIGINAL EAGLE RIDGE PROJECT AREA, IN ADDITION TO THE TRIANGLE PIECE AND PIONEER ROAD THAT IS ADJACENT.

SO YOU'LL SEE ON YOUR SCREEN WHAT IS, UH, ALL ENCOMPASSED IN YELLOW THERE.

THE TRIANGLE PORTION, UH, WITH THE STEM IS WHAT WAS, UH, D ANNEX.

AND THEN THE ELIGIBILITY STUDY ADDRESSED THE TRIANGLE PIECE PLUS THE ADJACENT PARCEL ON THE RIGHT OF WAY AS PART OF A NEW PROJECT AREA, WHICH HAS BEEN REFERRED TO AS SNAKE RIVER WEST.

SO, UH, THERE HAS BEEN QUITE A BIT OF TIME, UH, SPENT BETWEEN CITY STAFF AND DEVELOPER IN IDENTIFYING, UH, ELE PROJECTS THAT ARE POTENTIALLY ELIGIBLE.

UM, AND, UH, MAKING SURE THAT WE IDENTIFY THOSE WITH A CERTAIN LEVEL OF SPECIFICITY TO INCLUDE IN THE PLAN, JUST TO PROVIDE TRANSPARENCY AS TO HOW, UH, THOSE DOLLARS ARE ANTICIPATED TO BE SPENT DURING THE LIFE OF THE PLAN.

SO, JUMPING SPECIFICALLY INTO THE HIGHLIGHTS OF THE PLAN, WHAT YOU HAVE IN YOUR PACKETS ARE THE AGENCY RESOLUTION WITH THE ATTACHMENT BEING THE URBAN RENEWAL PLAN.

THE URBAN RENEWAL PLAN ITSELF HAS IDENTIFIED SIX ATTACHMENTS.

THE FIRST TWO FIRST TWO ATTACHMENTS ADDRESS THE, UH, SURVEY MAP AND LEGAL DESCRIPTION.

UM, ATTACHMENT NUMBER THREE ADDRESSES THE ACQUISITION OF PROPERTY WITHIN THE PROJECT AREA.

UH, ATTACHMENT FOUR ADDRESSES THE ZONING AND, UH, COMP PLAN, UH, FUTURE LAND USE OF THE AREA.

AND THEN ATTACHMENT FIVE IS THE ECONOMIC FEASIBILITY STUDY, WHICH THE THIRD PARTY CONSULTANT BRAD KRAMER HAS PREPARED, UM, AND WILL PROVIDE A MORE, UH, SPECIFIC OVERVIEW AS TO THE CONTENTS OF THAT ECONOMIC FEASIBILITY STUDY HERE IN A MOMENT.

THE URBAN RENO PLAN ELEMENTS ARE GOVERNED BY 50 DASH 29 0 5.

IT DOES INDICATE THAT THOSE ELEMENTS SHOULD BE IDENTIFIED WITH SPECIFICITY.

UM, THOSE ELEMENTS ARE MET THROUGH THE PLAN NARRATIVE AS WELL AS THE ATTACHMENTS TO THE PLAN.

AND MORE SPECIFICALLY, SECTIONS 3 0 9, 3 0 1 AND SECTIONS 500 OF THE PLAN REALLY FOCUS ON THE ECONOMIC FEASIBILITY STUDY AS WELL AS THE PROJECTS TO BE UNDERTAKEN.

[00:10:01]

ONE OF THIS, UH, TESTS THAT WE HAVE TO MEET IS THAT THE COMBINED BASED ASSESSMENT ROLES OF THE EXISTING REVENUE ALLOCATION AREAS THAT YOU HAVE IN PLACE CANNOT EXCEED 10% OF THE TOTAL TAXABLE VALUE OF THE CITY.

THAT ANALYSIS HAS BEEN DONE AND WE'RE WELL WITHIN THE 10%.

SO THAT IS NOT AN ISSUE.

YOU, THE ONE REMAINING PIECE THAT IS OUTSTANDING IS, UH, WE'RE TAKING A LOOK AND MAKING SURE THAT WHETHER OR NOT THE PARCELS, UH, WOULD REQUIRE OBTAINING AN AGRICULTURAL OPERATION CONSENT FROM THE PROPERTY OWNERS.

UM, UH, THE AD CONSENT FORMS HAVE BEEN PREPARED AND THEY ARE BEING MIS CIRCULATED.

WE ARE NOT ANTICIPATING ANY PROBLEMS WITH OBTAINING THOSE DOCUMENTS.

UM, REALLY CROSSING T'S AND DOTTING I'S THERE.

UM, WE HAD HOPED TO BE ABLE TO GET THIS PLAN THROUGH THE PROCESS BY YEAR END, BUT JUST WITH TIMING, IT LOOKS LIKE, UM, TO THE EXTENT THIS BODY MOVES IT FORWARD, WE WOULD NOT GET THROUGH THE PROCESS FOR CITY COUNCIL CONSIDERATION UNTIL Q1, UH, CALENDAR 2025.

UH, WITH THAT, I'M HAPPY TO STAND FOR ANY QUESTIONS ABOUT THE PLAN, BUT I KNOW THAT, UH, BRAD KRAMER DOES HAVE A PRESENTATION ON THE ELEMENTS SET FORTH IN THE ECONOMIC FEASIBILITY STUDY.

MEGAN, CAN I ASK A QUESTION? UM, I, UM, I HAVE RECUSED MYSELF, SO I'M NOT ASKING A QUESTION SPECIFIC TO THE PLAN, BUT ON THE TIMING OF IT, THE COUNCIL HAS, UM, UPDATED OUR CALENDAR AND WE ARE MEETING NOW THE THIRD WEEK OF DECEMBER, UM, INSTEAD OF THE FIRST AND THE THIRD WEEK.

I DON'T KNOW IF THAT MAKES A DIFFERENCE ON WHETHER OR NOT IT COULD END UP IN THIS FISCAL YEAR OR NOT.

JUST HAVING THAT EXTRA WEEK, UM, JUST BECAUSE OF THE, IT'S A RECENT, UH, CITY COUNCIL CHANGE TO THE CALENDAR.

YES, THANK YOU SO MUCH, COMMISSIONER.

AND I DID TAKE A LOOK AT THAT.

UNFORTUNATELY, WE HAVE A 30 DAY, UH, PUBLICATION AND TRANSMITTAL REQUIREMENT TO THE OVERLAPPING TAXING DISTRICTS.

AND SO WHILE THE WEEK IS HELPFUL, IT JUST DOESN'T QUITE GET US THERE, UNFORTUNATELY.

DO WE, UH, BRAD, DID YOU WANT TO GIVE US A, A LITTLE, UH, PRESENTATION ON THIS LIGHTS ON THIS WORK? OKAY.

OH, YOU LEAVE FOR A COUPLE YEARS CHANGE.

UM, THANK YOU.

MEMBERS OF THE BOARD.

UM, I'M ALSO ADVANCING SLIDES, UM, BRAD CRANE WITH PROSPECTIVE PLANNING AND CONSULTING.

UM, I DID WRITE THE FINANCIAL FEASIBILITY REPORT AND THOUGHT IT WOULD JUST, UM, BE HELPFUL TO RUN THROUGH SOME OF THE HIGHLIGHTS OF THAT REPORT.

HAPPY TO ANSWER ANY QUESTIONS AS WELL.

UM, WHAT WE DID FOR THIS PARTICULAR STUDY IS LOOKED AT TWO DIFFERENT SCENARIOS.

UH, THE FIRST ONE BEING THE APARTMENT COMPLEX THAT WAS PROPOSED BY THE DEVELOPER, UM, LITTLE OVER 240 UNITS.

UM, IN SOME OF THEIR EARLIER DOCUMENTS, THEY ALSO TALKED ABOUT THE POTENTIAL OF A HOTEL.

AS FAR AS I KNOW, THAT'S STILL NOT CONFIRMED, BUT I WANTED TO EVALUATE, UM, THAT POTENTIAL AS WELL.

SO THERE'S A SECOND SCENARIO, THESE, THE ANTICIPATED COSTS AND VALUES PROVIDED BY THE DEVELOPER.

AND ON THE, ON THE MAP, I'LL, I'LL SHOW WHAT THIS LAST BULLET'S REFERRING TO WITH THE TAX DATA ISSUE, UM, THAT WE RAN INTO.

IT'S NOT A BIG DEAL, BUT I JUST WANNA MAKE SURE YOU'RE AWARE OF IT.

UM, HERE ON THE MAP IS THE, UH, THIS IS THE BOUNDARY OF THE SNAKE RIVER WEST SITE AND MEGAN'S ALREADY COVERED WHERE IT'S LOCATED.

UM, BUT WHAT I'D HIGHLIGHT IS WHEN THIS SOUTHWEST PARCEL WAS ANNEXED, UM, APPARENTLY WHAT HAD HAPPENED, THIS IS BASED ON SOME CONVERSATIONS WITH THE COUNTY ASSESSOR'S OFFICE AND THE MAPPING DEPARTMENT.

THERE WAS A LOT LINE ADJUSTMENT SOMEWHERE.

AND, AND SO THE, THERE WAS NO 20 20 24 VALUE REFLECTED ON THE NEW PARCEL LINES BECAUSE THE ASSESSORS HAVEN'T BEEN ABLE TO GO OUT AND DO A NEW APPRAISAL FOR THE NEW BOUNDARIES.

SO WE USED THE ORIGINAL 2023 VALUES AS CLOSE AS WE COULD GET.

UM, AND THEN THE OTHER PARCEL WE UPDATED TO 2024 VALUES.

UM, ALSO AT THE TIME OF RIDING THE, UH, 2024 LEVIES WERE NOT AVAILABLE.

AND SO THIS DOES LOOK AT 2023 LEVIES.

UM, THIS SLIDE IS JUST AGAIN, UH, TALKING ABOUT WHICH PROPOSED PROJECTS WE CAN CONSIDERED AS WE LOOKED THROUGH THIS.

AND THEN, UM, A LIST OF THE

[00:15:01]

REQUESTED REIMBURSEMENT COSTS FROM THE DEVELOPER.

YOU SEE, IT'S MOSTLY, UM, RIGHT OF WAY ROAD AND UTILITY IMPROVEMENTS.

THERE'S ALSO SOME ISSUES WITH BATTLE CREEK, UH, THAT NEED TO BE ADDRESSED.

UH, AND THEN A PORTION OF THE WHITEWATER BRIDGE AND THE ACCOMPANYING STREET IMPROVEMENT.

SO A TOTAL JUST A LITTLE OVER $5.5 MILLION OVER THE COURSE OF THE DISTRICT.

I'M NOT SURE WHAT HAPPENED, SO I'M NOT GOING TO READ ALL OF THESE ASSUMPTIONS.

NOW MOST OF THESE ARE PRETTY STANDARD IN TERMS OF, UM, YOU KNOW, LOOKING AT THE TAXABLE VALUE GOING UP A COUPLE PERCENT PER YEAR, THE TAX THAT WE TO DECREASE 1% PER YEAR.

THE TWO THAT I'D PROBABLY HIGHLIGHT HERE ARE, ARE THE FINAL TWO BULLET POINTS.

UM, IS THAT ONE OF THE, A COUPLE OF THE ASSUMPTIONS I MADE IS THAT, UM, THAT THE PROJECT WOULD BE BUILT IN PHASES, UH, ASSUMING SOME COS RECEIVED AS BUILDINGS COME ONLINE AND ARE AVAILABLE FOR OCCUPANCY.

SO I, I ASSUMED THAT THE FIRST PHASE WOULD BE COMPLETED WITHIN THE FIRST CALENDAR YEAR AND THEN HITTING THE TAX ROLL A COUPLE OF YEARS AFTER THAT, AND THEN THE NEXT PHASE HITTING THE PROCEEDING YEAR.

SO YOU'LL SEE THAT REFLECTED IN THE NUMBERS ON THE NEXT PAGE.

UM, I ALSO, YOU'LL SAY THAT FINAL BULLET POINT, UM, THE, THE FOCUS WAS TO MAKE SURE THE OPA COULD BE PAID OFF IN, WITHIN THE TIMEFRAME OF THE DISTRICT.

THERE IS ONE MORE YEAR OF REVENUE THAT THE AGENCY WOULD RECEIVE THAT IT'S NOT REFLECTED IN THE TABLE.

UM, BUT IF YOU LOOK AT SCENARIO ONE, CASH FLOW, AGAIN, THIS IS JUST THE APARTMENT COMPLEX.

UM, YOU CAN SEE IN YEARS 28, 29, UH, 30 AND 31, EXCUSE ME, JUST THOSE THREE.

UM, YOU SEE THE DIFFERENT PHASES OF THE APARTMENT COMPLEX COMING ONLINE AND WITH SUFFICIENT FUNDS TO HAVE PAID OFF THE OPA AT A 75%.

UM, LEMME BACK UP.

THIS ASSUMES THE AGENCY WILL PAY 75% OF REVENUES COLLECTED, UM, MAINTAIN SOME FOR FUTURE PROJECTS, AND ANOTHER PORTION OF FOR AGENCY EXPENSES WITH THAT 75% PAYOUT.

UM, THE OPA IS EXPECTED TO BE PAID OFF BY 2044, WHICH IS, UM, TOWARDS THE END OF THE DISTRICT, BUT DOES LEAVE SUFFICIENT FUNDS, UM, TO NOT ONLY PAY THE OPA, BUT YOU'LL SEE THAT COLUMN UNDER PUBLIC IMPROVEMENTS.

BUT TOWARDS THE LAST FEW YEARS OF THE, OF THE DISTRICT, THERE WOULD BE SUFFICIENT FUNDS FOR THE AGENCY TO PURSUE OTHER PROJECTS THAT, UH, IT SEES ARE NEEDED.

SO SCENARIO TWO, ALL OF THE ASSUMPTIONS WERE THE SAME EXCEPT FOR THE ADDITION OF THE HOTEL.

I BASED THE NUMBERS OFF THE RECENTLY COMPLETED, MY GOES TO THE NORTH OF THIS SITE.

UM, THE BUILDING PERMIT VALUED THAT PARTICULAR PROJECT AT $7 MILLION.

I ADDED SOME ESCALATION COSTS AND THEREFORE FOR INFLATION SINCE THAT WAS COMPLETED, AND ASSUME 10 MILLION, $10 MILLION, MAYBE HIGHER THAN THAT.

UM, BUT JUST AS A DATA POINT THAT'S, THAT SEEMED APPROPRIATE TO START WITH.

I ALSO ASSUMED IT WOULD BE COMPLETED IN 2030 WITH, UH, THE TAXES HITTING THE REVENUES, UH, THE REVENUE STREAM IN 2032.

SO YOU CAN SEE THAT REFLECTED HERE ON THIS SLIDE, 2032.

YOU CAN SEE THE HOTEL COMING ONLINE, UM, 2042.

SO A COUPLE OF YEARS EARLIER, THE OPA IS PAID OFF AND THERE'S ALSO ADDITIONAL FUNDING AVAILABLE FOR ADDITIONAL PUBLIC PROJECTS THAT THE AGENCY WOULD LIKE TO PURSUE.

SO THE CONCLUSION IS THAT THE REVENUE IS EXPECTED, UM, TO BE SUFFICIENT TO PAY OFF THE OPA AS REQUESTED BY THE DEVELOPER.

UM, IT IS A LITTLE BIT LATER IN THE LIFE OF THE DISTRICT AND WOULD REQUIRE LIKELY THE FULL 20 YEARS ALLOWED BY THE STATUTE, BUT IS ECONOMICALLY FEASIBLE.

UM, SO I'D BE HAPPY TO ANSWER ANY QUESTIONS THAT YOU MIGHT HAVE.

BRAD, YOU DON'T CONSIDER THAT, UH, 2023 ASSESSMENT TO BE A SIGNIFICANT ISSUE IN THAT IT'S LIKELY NOT GONNA CHANGE THAT MUCH GOING TO 2024? I, I DON'T BELIEVE SO.

AND I WOULD, I GUESS I WOULD ADD THAT, AND MEGAN, STOP ME IF THIS IS NOT CORRECT, THAT, UM, THOSE, THAT THOSE LIVING RATES SHOULD BE AVAILABLE TODAY OR NEXT WEEK.

AND SO IF IT'S NOT A PROBLEM, THE, THE, THOSE TABLES COULD BE UPDATED BEFORE IT PROCEEDS TO CANCEL, UNLESS MEGAN TELLS ME OTHERWISE.

BUT IT'S LIKELY NOT GONNA BE SIGNIFICANT.

I DON'T ANTICIPATE IT'LL BE SIGNIFICANT.

NO, THANK YOU.

ARE THERE ANY OTHER QUESTIONS FOR EITHER BRAD OR REAGAN AT THIS POINT? UM, I JUST FOR CLARIFICATION, I'M ASSUMING THE DATES IN HERE WOULD BE UPDATED ONCE IT'S APPROVED BY COUNCIL.

'CAUSE IT'S SHOWING THAT WE CLOSE DECEMBER 31ST, 45, BUT THAT WOULD BE CHANGED AND OPEN DATE WOULD BE CHANGED BASED ON COUNCIL'S CALENDAR PASSING DATE.

I ASSUME.

MAYBE THAT'S MEGAN QUESTION.

UM, THANK YOU , UH, COMMISSIONERS.

SO THAT CONTEMPLATES APPROVAL, UM, BY DECEMBER 31ST, 2025.

SO THE 20 YEAR PERIOD

[00:20:01]

WOULD BE DECEMBER 31ST, 2045, WITH THE LAST YEAR OF REVENUE IN 2046.

UH, SO MEGAN, AT THIS TIME ARE WE, EXCUSE ME, ARE WE READY TO TAKE A, UH, A VOTE TO UH, UH, ONE MOMENT? WE HAVE A QUESTION FROM THE YEAH.

WE GOT HEAR MOUNT LATE.

ANN STEIN, US DEVELOPMENT, I'M THE DEVELOPER OF, UH, PETITIONER IN THIS APPLICATION.

WE REALLY DO APPRECIATE, UH, THE BOARD AND THE, UH, CITY ADMINISTRATORS THAT HAVE WORKED WITH US CLOSELY TO KIND OF SHEPHERD ALONG THIS PROCESS'S NEW TO US HERE.

AND WE'RE VERY EXCITED ABOUT THE MARKET HERE AND THE OPPORTUNITIES.

HOWEVER, THERE'S SUCH A HUGE BURDEN OF INFRASTRUCTURE ALONG THE PIONEER ROAD AND THE, AND THE, UH, THE BRIDGE AND SO ON THAT NEEDS TO BE BUILT THERE, PIONEER IN WHITEWATER THAT, UH, THAT WAS THE REASON FOR OUR INITIAL PETITION.

BUT THE GOOD NEWS IS, UH, WE'RE, WE'RE QUITE CLOSE ON NOT ONLY WHAT BRAD MENTIONED, THE POTENTIAL OF A HOTEL ON THAT CORNER SITE.

AND, AND THE NUMBERS HE SAID WAS A CONSERVATIVE NUMBER OF 10 MILLION.

IT'LL BE ALMOST DOUBLE THAT.

AND WE HAVE AN ADDITION TO THAT ROOM FOR A DOUBLE DRIVE THROUGH, UH, CONCEPT WITH TWO RETAIL SPACES.

SO ESSENTIALLY FOUR SMALL RESTAURANTS NEXT TO THE, UM, HOTEL, WHICH WOULD BE SANDWICHED BETWEEN THERE AND THE EVENT CENTER.

SO KIND OF A NICE LITTLE VENUE RIGHT THERE.

SO THAT WOULD BE ADDITIONAL TAX BASED.

UH, SO I'M, I'M CONFIDENT WITH WHAT I CONTROL THE 272 UNIT, UH, APARTMENTS THAT WE DO HAVE ON THE RADAR, ASSUMING WE'RE SUCCESSFUL.

UH, AND THEN THIS HOTEL AND RETAIL CENTER, I'M CERTAINLY, YOU PAY BACK WITH TAX INCOME WOULD BE ACCELERATED.

NOW, THE MAIN REASON FOR STEPPING UP HERE IS, UH, WE, WE DRUG OUR FEET.

WE WERE A LITTLE SLOW GETTING BRAD, OUR COST ESTIMATES, UH, AND, UH, IN ALL HINDSIGHT'S ALWAYS 2020, ISN'T IT? WE SHOULD HAVE BEEN A LITTLE QUICKER.

BUT IF WE REALLY WOULD LIKE TO BE ABLE TO GET IN THE, THE GROUND AFTER, AFTER APPROVAL HERE AND GET THE BRIDGE STARTED TO CONNECT WHITEWATER TO PIONEER ROAD.

AND I THINK IT'S A HUGE ADVANTAGE FOR THE EVENT CENTER.

THE RESTAURANTS ARE ALL OVER THAT BRIDGE AND THE, THE ABILITY TO LOOSEN UP TRAFFIC FROM THE FALLS APARTMENTS AND, AND JUST THE RETAIL CONNECTION TO THE EVENT CENTER.

BUT YOU'RE LOCKED IN MARCH ONE, WATER GOES IN THAT CANAL AND, UH, AND UH, YOUR WINTERS UP HERE AREN'T THAT FRIENDLY TO WORK THROUGH THE WINTER, BUT WE ESSENTIALLY WILL HAVE TO, AND WE'RE QUEUED UP TO BE ABLE TO GET THAT BRIDGE, UH, THE STRUCTURAL COMPONENTS BUILT PRIOR AND, AND THEN WE CAN GET IN THE GROUND, UH, AND, AND DO PUT IN THE FOUNDATIONS.

BUT WE PRETTY MUCH HAVE TO PULL THE TRIGGER IN JANUARY IN ORDER TO BE ABLE TO GET IT THIS YEAR.

SO , I HATE TO BE THE GUY ASKING FOR A FAVOR HERE.

UH, IF THERE WAS ANY WAY, AND, AND MEGAN YOU'VE MENTIONED YOU GOTTA HAVE THAT 30 DAY ADVERTISING PERIOD, I GUESS, BUT, AND MAYBE MY QUESTION IS TO THE CITY COUNCIL ABOUT A SPECIAL MEETING AS SOON AS WE'RE ON THE WINGS OF THAT ADVERTISING PERIOD TO ENABLE US TO DO THAT.

OTHERWISE IT ISN'T THE END OF THE WORLD.

WE PUT OFF THE BRIDGE CONSTRUCTION AND UNTIL, UH, THE FOLLOWING YEAR.

BUT, UH, THAT PUTS US INTO 2026 SEASON AS OPPOSED TO 2025 SEASON.

SO, UH, AND THEN LONG STANDING HERE, IF YOU HAD ANY OTHER QUESTIONS FOR WHAT WE'RE OR OBJECTING ARE I, UM, UNDERSTAND THE URGENCY.

I DUNNO.

UM, YEAH, MEGAN, WHAT, UH, WHAT'S YOUR, UH, UNDER UNDERSTANDING OF WHAT THE CITY COULD DO ON THAT? YES, THANK YOU, UH, COMMISSIONER.

SO WE'RE REALLY, UH, HAMSTRUNG AT THIS POINT OF THE YEAR FOR THE, TO MEET THE STATUTORY REQUIREMENTS.

AND WHAT WE HAVE TO DO IS NOTICE UP A PUBLIC HEARING IN THE PAPER AND HAVE THAT NOTICE PUBLISHED AT LEAST 30 DAYS IN ADVANCE OF THE PUBLIC HEARING.

AND THEN WE ALSO HAVE TO TRANSMIT THE PLAN, THE RESOLUTION, AND THE, UH, MAP AND LEGAL AND A COPY OF THE NOTICE TO ALL OF THE OVERLAPPING, TAXING DISTRICTS SO THAT IT'S RECEIVED WITHIN, UH, SO

[00:25:01]

THAT IT IS RECEIVED AT LEAST 30 DAYS IN ADVANCE OF THE PUBLIC HEARING.

SO IS WHERE WE'RE AT IN THE YEAR AND JUST MEETING PUBLICATION REQUIREMENTS AND GETTING THOSE TRANSMITTALS OUT, GETTING IT DONE BY YEAR END IS GOING TO BE, I'M, I JUST DON'T KNOW THAT THAT'S POSSIBLE UNLESS THERE'S A CITY COUNCIL MEETING, UH, YOU KNOW, THE LAST DAY OF DECEMBER, WHICH WOULD NOT GIVE US THE TIME TO DO OUR POST-ADOPTION TRANSMITTALS.

UM, THAT BEING SAID, YOU KNOW, THIS, THIS IS MOVING FORWARD, THESE COSTS ARE ANTICIPATED AS A PART OF THE PLAN.

I THINK IT JUST BECOMES A LITTLE BIT MORE DEVELOPER AT RISK IF FOR SOME REASON THE CITY COUNCIL DOES NOT APPROVE THE PLAN.

WELL, AND, YOU KNOW, IN, IN REALITY, UH, MEGAN, THAT'S A GOOD THOUGHT.

THE AT RISK PART IS REALLY 75% FOR THOSE OF YOU THAT KNOW THAT BRIAN KNOWS THAT, THAT THE BALL VENTURE GROUP HAS AN OBLIGATION FOR 75% OF THE COST OF THE BRIDGE WITH OR WITHOUT THE AFRA BOARD APPROVAL OF OUR PROJECT.

SO I WOULD REALLY BE AT RISK FOR 25% OF THE BRIDGE.

AND ALL I REALLY NEED TO DO THIS WINTER IS GET THE BRIDGE STRUCTURE BUILT.

YOU KNOW, THE, THE STRUCTURAL CONCRETE BEAMS THAT, THAT ARE ARCHES THAT SIT ON A FOOTING AND BACKFILL IT WITH ROAD BASE.

WE DON'T HAVE TO PAVE IT, WE DON'T HAVE TO PUT CURB AND GUTTER UNTIL WE WERE ABLE TO, TO GET THE BALANCE.

SO WE WOULD BE AT RISK FOR 25% OF, OF, UH, 60 OR 70% OF THE BRIDGE COSTS.

UH, SO, YOU KNOW, WE'LL HAVE TO LOOK INTERNALLY, BUT I GUESS THAT'S NOT A DEAL KILLER FOR US TO TAKE THAT HAPPEN.

SO, UM, WOULD YOU BE CONTEMPLATING STARTING PRIOR TO THE, WITH, WITH WHAT YOU JUST SAID, WOULD YOU BE CONTEMPLATING CONSTRUCTION OF THOSE STRUCTURAL ELEMENTS BEFORE APPROVAL OF THE PLAN? YEAH, THAT'S WHERE WE WOULD BE AT RISK IS THAT WE WOULD SAY, WELL, WE'VE GOTTA GO IN THERE AND CUT THE GROUND FOOT FOOTING THEM, AND THEN TELL THE FABRICATOR TO START CONSTRUCTING THE ARCHES.

SO BASICALLY YOU'VE GOTTA PAY FOR THE ARCHES, YOU KNOW, WHICH IS, BUT NOT BEFORE THEIR APPROVAL, BEFORE THE CITY COUNCIL.

OH, YEAH.

RIGHT.

SO WE DON'T, THEY GIVE, OH, GOOD POINT.

MATT, THANK YOU.

THIS IS MATT STEIN, I'M THE HELPER.

NO, HE'S THE ONE RUNNING THE SHOW NOW.

I'M JUST HERE FOR .

UH, YEAH.

SO TO MATT'S POINT, UH, WE, WE DON'T NEED TO PULL THE TRIGGER ON ANYTHING UNTIL THE BOARD APPROVAL, EVEN WITH THIS 30 DAY PERIOD, IT'S JUST THAT WE MIGHT BE TAKING A LEAP OF FAITH BEFORE THE FINAL RATIFICATION FROM CITY COUNCIL.

RIGHT? SO ONE QUESTION TO ADD TOO IS STATISTICALLY SPEAKING, IF WE WERE TO MAKE THAT GAMBLE, IF APPROVAL OF, IF R HOW MANY DENIALS HAS THE CITY COUNCIL GIVEN ZERO? SO MAYBE IT'S A, WE CAN ANALYZE THAT IN HOUSE, BUT MAYBE IT'S NOT A GAMBLE WE'RE CONCERNED ABOUT IF, UH, MEGAN, IS THERE ANY PROBLEM WITH LIKE TAKING AN OTHERWISE ELIGIBLE COST, NAMELY THE, THE BRIDGE, THE INITIAL COSTS AND THOSE COSTS BEING INCURRED BEFORE APPROVAL OF THE PLAN, BUT THEN YET ONCE THE PLAN'S, UH, APPROVED BY THE CITY, THOSE COSTS THEN BECOMING, BEING KIND OF ROPED INTO THE PLAN.

IS THERE, IS THERE ANY PROBLEM WITH THAT? NOT SPECIFICALLY, UH, AN ISSUE.

WE HAVE WORKED WITH THE BRIDE SIGNS THROUGH THE MOU THAT WAS ADOPTED A LONG TIME AGO IN CONTEMPLATION OF THE PLAN APPROVAL PROCESS.

IT'S JUST TAKEN US A LONG TIME TO GET THROUGH.

AND I, I THINK WHERE THAT WOULD COME IN IS IF THE PLAN IS ADOPTED BY THE CITY COUNCIL, YOU KNOW, THE NEXT STEP IS ADDRESSING, UH, THE AGREEMENT WITH THE DEVELOPER THROUGH AN OWNER PARTICIPATION AGREEMENT.

AND FRANKLY, DEVELOPER IS GOING TO HAVE TO ADVANCE COST OF THIS EFFORT, UM, EVEN UNDER AN OWNER PARTICIPATION AGREEMENT BECAUSE THAT JUST CONTEMPLATES A REIMBURSEMENT.

RIGHT? SO I THINK ALL PARTIES HAVE BEEN MOVING AHEAD, YOU KNOW, INCLUDING OUR CONVERSATIONS WITH THE AGENCY BOARD THAT THIS BRIDGE IS A CRITICAL COMPONENT OF THE PROJECT AND IS REALLY JUST PRESENTING MORE OF A TIMING ISSUE, WHICH I EXPECT WE WOULD OUTLINE IN THE OWNER PARTICIPATION AGREEMENT.

DAY PAYMENT TO OUR CONTRACTORS, SO WE, NOBODY'S GONNA GET ANY, I'M NOT EVEN CUTTING CHECKS UNTIL IT WAS APPROVED.

YEAH, THAT'S A GOOD, STILL, STILL CONTINGENT ON THE OPA.

IN FACT, THE TIME IS SO CLOSE.

IN REALITY, WE, WE WAIT UNTIL THE END OF THE, OF, UH, DECEMBER TO GET THE, THE FINAL APPROVAL WITH AFTER THE ADVERTISING.

UH, UH, BUT WE GO DO OUR WORK, WE HAVE A 30 OR 60

[00:30:01]

SO AS FAR AS, THAT'S KIND OF A TECHNICAL THING, BUT, ALRIGHT, GREAT.

NONETHELESS, UH, THAT, THAT, THAT'S OUR FEELINGS.

BUT, YOU KNOW, IT IS, AGAIN, IT'S NOT THE END OF OUR WORLD IF THINGS DID NOT ROLL OUT, UH, THE SEASON WILL SIMPLY HAVE TO PUT IT ON HOTEL CALL.

IF WE GET OUR 30 DAY NOTICE, IF WE GET APPROVED TODAY, CAN WE GET A TIMEFRAME ON WHEN THE 30 DAY NOTICE WOULD GO OUT AND THEN WHEN WE WOULD BE ELIGIBLE FOR CITY COUNCIL APPROVAL, JUST AS A, WHAT THAT DATE WOULD BE, IF IT'S NOT THIS YEAR, I MEAN SCALE OF JANUARY, OR WOULD THAT MIGHT DEPEND ON, UH, SEEING THAT THE CITY COUNCIL COULD DO IT.

WHEN IT COMES TO THE NOTICE, WE, WE CAN SEND THAT TO YOU WHEN THAT DATE WOULD BE FOR CITY COUNCIL.

UM, EXACTLY.

OUR CALENDAR HASN'T COME OUT YET, BUT I, I'M GONNA TEXT THE EVEN AN ESTIMATE.

I MEAN, WOULD WE STILL BE, WOULD BE IN JANUARY, EARLY, EARLY JANUARY? PROBABLY EARLY JANUARY.

AND THAT'S NOT, IT'S NOT SO BAD MID TO LATE, BUT IT DEPENDS.

THE MAYOR IS SETTING SCHEDULE RIGHT NOW IN, ACTUALLY, I THINK IT'S NEXT WEEK IS WHEN WE'RE SITTING LATE.

WELL, WE, WE DON'T NEED, WE WON'T, IT'S WE'LL OFFLINE WITH STAFF AND SEE WHAT WE CAN DO TO HIT THE RIGHT SCHEDULE.

AND MEGAN, THANK YOU MEGAN.

UH, BUT, UH, WE DO APPRECIATE VERY MUCH, UH, WORKING HERE.

WE'VE STARTED A, OUR OTHER MULTI-FAMILY PROJECT AT THE CORNER OF, UH, UTAH AVENUE AND PARK RIVER OR ST.

RIVER DRIVE, UH, 92 UNITS.

ESSENTIALLY IT'LL BE A TWIN SISTER BUILDING FIVE STORY CLASS A BUILDING COMPARED TO THE 272 UNITS THAT ARE PART OF THIS APPLICATION.

AND OUR MARKET RESEARCH, IN SPITE OF ALL OF THE OTHER MULTIFAMILY WE'RE SEEING SHOW THE STRONG GROWTH POTENTIAL, ESPECIALLY FOR THE UPPER THAT WE'RE GONNA BE DOING.

UH, AND THEN WE ARE EXCITED TO CONTINUE OUR EFFORTS ON HOTEL AND OTHER THINGS IN THE COMMUNITY.

WE WON'T TAKE YOUR TIME IN THAT REGARD, .

SO THANK YOU.

YES, THANK YOU.

OKAY, THANK YOU.

SO AT THIS POINT, MEGAN, DO WE WANT TO PROCEED AHEAD AND, AND, UH, CALL FOR A VOTE ON THE, UH, ON THE RESOLUTION TO ADOPT THE PLAN? UH, YES.

UH, COMMISSIONERS, IF THERE'S NO ADDITIONAL FURTHER CONVERSATION AND YOU'RE READY TO PROCEED WITH THE RESOLUTION, THAT'S APPROPRIATE.

ARE THERE ANY OTHER QUESTIONS FROM THE BOARD OR FROM THE PUBLIC? OKAY, WITH THAT, WOULD YOU CARE TO, UH, READ THE RESOLUTION BY TITLE AND WE WILL THEN TAKE A ROLL CALL VOTE, CERTAINLY.

RESOLUTION NUMBER 2024 DASH 11 BY THE BOARD OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY OF IDAHO FALLS, IDAHO, A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY OF IDAHO FALLS, IDAHO, ALSO KNOWN AS IDAHO FALLS REDEVELOPMENT AGENCY, RECOMMENDING AND ADOPTING THE URBAN RENEWAL PLAN FOR THE SNAKE RIVER WEST URBAN RENEWAL PROJECT.

WHICH PLAN INCLUDES REVENUE ALLOCATION, FINANCING PROVISIONS, SUBJECT TO CERTAIN CONDITIONS, AUTHORIZING AND DIRECTING THE CHAIR, VICE CHAIR OR ADMINISTRATOR AND THE SECRETARY OF THE AGENCY TO MAKE CERTAIN TECHNICAL CHANGES AUTHORIZING AND DIRECTING THE CHAIR, VICE CHAIR OR ADMINISTRATOR TO TAKE APPROPRIATE ACTION, PROVIDING FOR THIS RESOLUTION TO BE EFFECTIVE UPON ITS PASSAGE AND APPROVAL AND PROVIDING AN EFFECTIVE DATE.

AND JUST A QUICK REMINDER, WHAT YOU HAVE IN YOUR PACKET DOES NOT HAVE ATTACHMENT SIX IN IT.

UM, AND SO TO THE EXTENT A MOTION IS MADE, JUST RECOGNIZING THAT, UM, FINALIZATION OF THE ATTACHMENTS, UH, PIECE WOULD BE HELPFUL AS WELL.

DID YOU HAVE A QUESTION, CHRIS? OH, YOU LOOK LIKE YOU'RE GONNA ASK.

SO, UM, OKAY.

WITH THAT, UH, LET'S TAKE A ROLL CALL VOTE.

AND IT'S, IT'S THE RESOLUTION SUBJECT TO THE ADDITION OF THE ATTACHMENT SIX.

AND I THINK WE NEED A MOTION AND A SECOND.

IF I DIDN'T, I I MAY HAVE MISSED IT.

ANTICIPATION.

SO DO I HEAR A MOTION TO ACCEPT THE RESOLUTION AS READ BY TITLE? I MOVE TO ACCEPT THE RESOLUTION AS READ BY TITLE AND RECOGNIZING THE FINAL BE UPDATED WITH THE ATTACHMENTS.

IS THERE A SECOND? SECOND.

THERE'S BEEN A MOTION MADE AND SECONDED.

UM, BECKY, WOULD YOU LIKE TO CALL THE ROLL? UH, CHRISTOPHER LEE.

THANK YOU ALL FOR THAT.

NOW WE WANT TO MOVE ON TO ITEM SEVEN AND A REVIEW OF OH SIX, UH, SIX SIX.

UM,

[00:35:02]

AND I CAN BE VERY QUICK ON THAT HERE, JUST 'CAUSE OF TIME AND LET THE WALKERS, UH, PRESENT, UM, FOR AN UPDATE ON THE URBAN RENEWAL PLAN FOR YELLOWSTONE SQUARE.

UM, JUST, UH, WE HAD A LITTLE BIT OF HICCUP WITH THAT, WITH THE, UM, SURVEY, BUT WE, WE GOT THAT ISSUE RESOLVED.

SO NOW WE HAVE THEM SCHEDULED ON DECEMBER 3RD TO GO TO THE, THE PLANNING COMMISSION AND DECEMBER 12TH AND SCHEDULED FOR THE CITY COUNCIL.

SO THAT ONE IS, IS NOW MOVING FORWARD.

UM,

[7. DISCUSSION ITEM: Presentation by McNeil Development, LLC for a Proposed New Urban Renewal District on Riverwalk Drive ]

ITEM SEVEN.

UH, MR. GERALD, I'LL TURN IT BACK OVER TO YOU.

UM, THANK YOU BRANDON.

UM, MOVING ON.

ITEM SEVEN, PRESENTATION BY MC, FIELD DEVELOPMENT FOR PROPOSED NEW URBAN RENEWAL DISTRICT FOR RIVER ROCK DRIVE.

WE HAVE LAUREN WALKER HERE TO PRESENT, UM, SOME PLANS HE'S BEEN THINKING ABOUT AND WE WANTED TO HEAR FROM HIM SO WE CAN, UH, GET THAT FROM YOU.

SO LAUREN, PLEASE.

UH, COUNSEL, I'M LAUREN WALKER WITH DEVELOPMENT AND TAYLOR CROSSING.

CAN YOU HEAR ME? WE CAN HEAR YOU.

WE JUST WANNA MAKE SURE THAT THE AUDIENCE AND THE RECORDING CAN HEAR YOU TOO.

YES.

UH, WE, WE PUT TOGETHER A, AN EXECUTIVE SUMMARY THAT WOULD, UH, MAYBE CUT DOWN THE AMOUNT OF TIME THAT WE WOULD TAKE, UH, WITH YOU.

AND I DON'T KNOW IF YOU HAVE HAD A CHANCE TO READ THAT.

UH, COUNCIL MEMBERS ARE NOT, WE HAVE SEE THAT IN OUR PACKET NOW.

UH, LET ME, MAYBE I COULD JUST SUMMARIZE IT RATHER THAN REREAD IT FOR YOU.

BUT, UH, IN ESSENCE, UH, BACK, UH, WHEN, WHEN, UH, TAYLOR CROSSING ORIGINALLY WAS, UH, A DISTRICT, UM, THIS WAS, UH, STARTED I THINK AROUND 2002 OR THREE, SOMEWHERE IN THAT TIMEFRAME.

AND, UM, HALFWAY THROUGH THAT TIMEFRAME, ROUGHLY, UH, WE, WE FACED THE, THE BIG RECESSION OF 2008.

AND WE, ALONG WITH MOST OF THE COUNTRY, HAD TO TAKE A, UH, A MOMENT TO STALL TO GET WEATHER THE STORM.

AND, UH, AND SO WE WEREN'T ABLE TO TAKE ADVANTAGE OF THE OPPORTUNITIES.

WE GOT HALFWAY DONE.

UH, BUT THE OTHER HALF DIDN'T OF THE PROJECT, THE FOUR ACRE PROJECT LEAVING ACTUALLY MAY, MAYBE WE DID MORE THAN HALF.

BUT, UH, WHAT WE'RE ASKING AND PROPOSING IS THAT WE OPEN A SMALL DISTRICT IN THAT USED TO BE, UH, THE TAYLOR CROSSING, UH, IF TO, UM, TO, TO HAVE YOU CONSIDER 10 ACRES THAT REMAIN, THAT ARE HEAVILY, UH, BURDENED BY LABA, UH, SO THAT WE, WE CAN ECONOMICALLY MOVE FORWARD AND, AND DO SOME THINGS.

SO IN THIS PRESENTATION, UM, IF YOU WANT TO GO, AM I, I DO THE SLIDES HERE? YES.

OR YEAH, WITH THE MIDDLE ONE? YEP.

OH, YOU GO .

SO THIS IS, THE RED OUTLINE IS, UH, INDICATES WHERE WE WOULD PROPOSE THAT, UH, WE CREATE A DISTRICT AND IF, UH, IS IT THE BOTTOM, THE TOP ONE THAT MAKES THE, OH, SORRY.

AND THEN HOLD THIS ONE.

ALONG HERE, ALL THE WAY AROUND HERE.

AH, THIS IS SO NICE, .

LET'S SEE.

SO, UH, YOU, YOU CAN SEE HERE, THIS IS THE PORTER CANAL OR THE NEW SUITE CANAL AND THE RIVER HERE, OF COURSE.

AND THEN THESE ARE, THIS IS A, A ONE ACRE PARCEL HERE.

I WON'T GET INTO TOO MUCH DETAIL ON THOSE 'CAUSE IT SPEAKS FOR ITSELF MOSTLY, BUT, BUT THIS IS WHERE THE NEXT PROJECT WILL HAPPEN WITH A MARRIOTT HOTEL RIGHT IN THIS AREA OR INSIDE THAT BUBBLE THERE.

AND THEN THERE'S A RETAIL, UH, PAD JUST BELOW THAT.

AND THEN ALONG THE RIVER HERE, WE ARE CONTEMPLATING CONDOMINIUMS HERE AND MAKE A LITTLE MIXED USE, UH, SMALL RETAIL WITH IT, BUT MOSTLY CONDOMINIUMS

[00:40:01]

SO, UM, THOSE AREAS ARE, UM, HAVE, HAVE A PARTICULAR NEED FOR LABA ACTUALLY, MOST OF THE PROJECT HAS BEEN DISPLAYED, BUT THIS TOO HAS THAT ISSUE.

SORRY, THERE WE GO.

THIS IS A PLAT OF THAT, OF THAT UPPER, UH, RIVER WALK DRIVE AREA NORTH OF THE SMALL ROUNDABOUT, UH, THAT, THAT IT'S ALL PLATTED OUT.

AND THEN YOU SEE I BRING ATTENTION TO A LITTLE GREENVALE PATH EASEMENT RIGHT THERE.

AND THAT EASEMENT KIND OF GOES FROM RIVERWALK DRIVE BETWEEN THESE TWO, UH, PLANTED LOTS OVER TO AN ANTICIPATED GREEN BELT HERE.

THE CITY ASKS OR REQUIRE US ACTUALLY TO DO THAT CONNECTION, ANTICIPATING THAT THERE WOULD BE SOMETHING ALONG THERE.

THIS, THIS QUICKLY JUST IS A, UH, TO NOTE THE ACREAGE, THE OVERALL ACREAGE OF THE DEVELOPABLE TAX PRODUCING PARCELS IS ABOUT 10 ACRES, UH, THREE AND A HALF OF THE ACRES, 13 FIVE.

SO THERE'S THREE AND A HALF ACRES ROUGHLY THAT ARE HERE, UM, A HALF ACRE ALONG THE, WE WE'RE, WE'RE, WE'RE INCLUDING THE LAST LITTLE SECTION OF THE RIVER GREEN BELT THAT WAS NOT DEVELOPED LIKE THE REST OF ALL OF THIS GREEN BELT HERE ALONG THERE.

THIS, THIS PIECE WAS NOT COMPLETED, SO WE'RE PROPOSING THAT BE INCLUDED AND FINISHED SO THAT THE TRAIL, THE LOWER TRAIL CONNECTS ALL THE WAY THROUGH.

AND THEN, UM, SO THAT'S A HALF ACRE HERE.

UH, THERE'S, THERE'S ABOUT ANOTHER, UH, UH, THREE ACRES IN TOTAL, I THINK THREE ACRES ALONG THIS CANAL THAT WOULD, THAT ALONG WHERE ABOUT WHERE MY CURSOR IS THAT, THAT, THAT IS A GREEN BELT THAT WOULD JUST CONNECT ALL THE WAY DOWN TO WHAT, AND DOWN HERE IS THE GREEN BELT TOO, ON THE, UH, LOWER, UH, DEVELOPERS PROPERLY CROSS PANC, SO WE'LL JUST KEEP COMING ACROSS ON THE CANAL AS WELL AS ON THE RIVER.

SO THERE WOULD BE A BIG LOOP HERE.

AND WHAT WE WOULD CONTEMPLATE IS WITH THIS PASSAGE THAT WE TALKED ABOUT EARLIER, WHERE THE, THERE'S A PUBLIC EASEMENT TO PUT THE GREEN BELT HERE.

THERE WOULD JUST BE A LOOPING THAT CAN GO ON, UH, ALONG ALL THE WATERWAYS.

THIS IS A, UH, IT IS A QUICK INDICATION OF WHAT IT HAS BEEN IN THE PAST AND WHAT WE'RE CONTEMPLATING OVER THIS IN, WITHIN THIS DISTRICT.

UH, YOU SEE A, UH, A NEW HOTEL SITE INSIDE THERE, THE CONDOS ALONG THE RIVER RESTAURANT, FURTHER UP THE RIVER AND SOME OFFICE HERE.

THIS IS, UH, UH, WE PLAN ON, UH, COMMENCING CONSTRUCTION IN THE SPRING ON THE, THE, UH, TOWN PLACE SUITES HOTEL.

AND THIS IS A, UH, A, A LAYOUT OF THE HOTEL, HOW IT, HOW IT SETS IN THAT DISTRICT, AND THEN THE LAYOUTS OF THE CONDOS.

NOW THESE ARE, THE HOTEL IS PRETTY SOLID.

THE CONDO IS A LITTLE MORE CONCEPTUAL, BUT, BUT, BUT PROBABLY QUITE CLOSE TO WHAT IT WOULD BE LIKE.

WITH THE RIVER ALONG HERE, THIS IS JUST ANOTHER ANGLE.

IF YOU ARE STANDING ON THE CANAL AND LOOKING TO THE EAST, YOU HAVE THE HOTEL HERE.

THE SPRING HILL THAT EXISTS IS HERE.

AND THEN IN THIS KIND OF FAT AREA HERE, UH, ONE OF THE CONDO'S TOWERS AND, AND THE SECOND CONDO TOWER IN THIS AREA CLOSER TO THE OTHER .

THESE ARE JUST PICTURES TO, TO SHOW YOU, UH, THE BEFORES AND AFTERS, UH, THAT YOU CAN SEE ON YOUR OWN.

BUT THOSE WERE PICTURES WE TOOK TO, TO KIND OF SHOW WHY WE, UH, THINK IT IS A, IN NOT JUST THE DEVELOPER'S INTEREST, BUT THE PUBLIC'S INTEREST TO HAVE A, A NICE, SAFE CLEAN WALKWAY

[00:45:01]

ALONG THAT WATER, UH, OF THE CANAL.

THESE ARE BEFORE AND AFTER SPEAKING TO THE HALF ACRE THAT'S REMAINING ON THE RIVER GREENBELT THAT WE, UH, THESE ARE BEFORES AND AFTERS AND, AND I THINK WE ALL PROBABLY RECOGNIZE THAT THE VALUE OF, OF THAT FOR THE PUBLIC.

SO I'M SUPPORTIVE, INCLUDING THAT PIECE OF THE CANAL IN THE DISTRICT TO OR OF THE RIVER, THE DISTRICT.

THIS SLIDE INDICATES A TOPO THAT WE DID OR A, A GEO TESTING THAT WE DID TO, TO IDENTIFY WHERE THE HEAVY LAB IS AND HOW DEEP IT IS AND WHAT THE SOIL PROFILE IS.

AND IT, AND IN THIS PARTICULAR DRAWING, THIS AREA RIGHT HERE, LAVO IS, IS WHERE I'M JUST CIRCLING RIGHT THERE IS TWO FEET BELOW THE SURFACE, UH, WHICH MEANS WE NEED TO BLAST, UH, TO GET FOUNDATIONS DOWN.

BUT, BUT INTERESTINGLY OVER HERE ON THIS PART OF THE, OF THAT PROJECT AREA OF THE, OF THE HOTEL, THIS LABA IS UP TO 12 FEET DEEP.

UH, BEFORE YOU REACH LABA I SHOULD SAY IT'S DOWN 12 FEET.

SO, SO WE ESTIMATE THAT ABOUT 25% OF THE HOTEL PROPERTY WILL NEED TO HAVE SOME LASTING ACTIVITY, WHICH IS, UH, FOR US, WE'RE HAPPY THAT THAT'S THE CASE, UH, THAT THAT IS NOT A HUNDRED PERCENT .

UH, AND THAT'S JUST, WE, WE, WE WANT TO SEE THE GREEN BELT CONTINUE TO WIN THE AWARDS THAT IT'S ALREADY RECEIVED THAT YOU'RE PROBABLY FAMILIAR WITH AND IN FINISHING AND COMPLETING THAT PART OF THE PROJECT.

UM, WE'LL OPEN UP FOR QUESTIONS HERE.

A COUPLE, I THINK BROAD QUESTIONS.

UH, FIRST JUST TO SET THE STAGE WHY, UM, YOU'RE, YOU'RE PUTTING THE ONE WHERE YOU WANT TO DO THE HOTEL LAND AS THE NO RENEWAL AREA AND THE CONDO LAND AT THE SAME TIME.

IS, I MEAN, IS THAT IF YOU DECIDE THAT'S THE BEST APPROACH, AGAIN, YOU KNOW, IF IT'S, IF IT'S CONCEPTUAL AND IT'S, IT'S NOT CERTAIN YOU MAY WANT TO PUT OFF, UH, MOVING NOW, UH, ON THOSE, IF THOSE AREN'T GOING TO HAPPEN, IT GETS INTO THE PROJECTION OF THE ECONOMY AND WHERE YOU THINK THINGS ARE GOING.

HAVE YOU MADE A DECISION THAT YOU REALLY DO WANT TO INCLUDE THE CONDOS IN THIS? YEAH, WE THINK, UH, THAT'S A REALLY GOOD QUESTION.

UH, FRANKLY, 'CAUSE WE CAN'T REALLY FORESEE TOO MUCH WHAT HAPPENS IN THE ECONOMY, LIKE THE LAST ROUND WE SAW IN THE 2008.

BUT WE BELIEVE THAT THE, UM, UH, WHAT'S REMAINING IN THIS PROJECT AREA THAT SHOULD BE COMPLETED, UH, WITHIN THAT 20 YEAR TIMEFRAME OF, OF AN DIFFERENT DISTRICT, UH, I WANT TO BE AROUND WHEN IT'S COMPLETED AND, UH, AND, AND SO WE'RE GOING TO BE HIGHLY MOTIVATED, PARTICULARLY IF IT'S IN A DISTRICT AND THE TIME CLOCK IS, IS, IS TICKING THAT WE'RE ABLE TO COMPLETE ALL OF THESE PIECES IN RED, UH, WITHIN THAT TIMEFRAME OR BEFORE THAT TIMEFRAME.

SO WE HAVE THOUGHT ABOUT IT, I THINK IT'S A, UH, UH, WE'RE TAKING INTO CONSIDERATION, UH, WHAT WE THINK WE NEED TO GET IT ALL DONE AND START NOW.

SO I DON'T THINK WE, I DON'T THINK, WE'LL, YOU'LL SEE ONE COMPLETED BEFORE ANOTHER.

I LIKE A STRUCTURE OR A HOTEL.

I THINK WE'RE GONNA HAVE TO OVERLAP THESE THINGS SO MULTIPLE PROJECTS AT THE SAME TIME WILL HAPPEN.

OKAY, VERY GOOD.

ALRIGHT, LET'S, LET'S OPEN IT FOR QUESTIONS.

UM, THESE QUESTIONS THE AGENCY ABOUT, ABOUT THIS PROPOSED PROGRAM OR NEW URBAN RENEWAL, RIGHT? WELL, YEAH.

UM, ISN'T ISN'T THIS A PART, PART OF THE OLD DISTRICT? IT SOME, SOME, I DON'T KNOW EXACTLY THAT ALL OF IT IS, BUT THERE'S PARTS OF IT THAT, AND PROBABLY MOST OF IT THAT WAS IN AN EARLIER, UH, DISTRICT.

SO HOW CAN WE RECREATE THOSE IN A CURRENT DISTRICT? HOW CAN WE REINCORPORATE THOSE INTO A DISTRICT? I THINK THAT'S A QUESTION FROM MEGAN.

MEGAN, WHY DON'T YOU RUN THROUGH THAT WITH US? THAT'S AN IMPORTANT QUESTION.

ON THAT MAP, YOU'LL SEE THAT MEAN WE DID BUILD THE STREET AND A SIDEWALK AND SEWER AND GUTTER AND LIGHTS, WATER AND LIGHTS, EVERYTHING ALONG THAT, UH, THAT DRIVE.

UM, AND WE DID SUBSTANTIALLY IMPROVE THE PROPERTY, WHICH, UM, THE WALKERS KNOWLEDGE AND APPRECIATE, BUT THEY ARE STILL GOT THE SITUATION RUN INTO

[00:50:01]

THE, THE LAB.

HOW DOES THAT WORK WITH THE LAW OF ESTABLISHING A NEW AREA, I THINK IS BRENT'S QUESTION.

YES, THANK YOU.

COMMISSIONERS HAVING HAD A PARCEL IN A DISTRICT THAT TERMINATED DOES NOT PRECLUDE IT FROM BEING INCLUDED IN A FUTURE DISTRICT.

WHAT THE, UM, THE TEST IS THOUGH IS THAT IT STILL HAS TO MEET THE ELIGIBILITY STUDY REQUIREMENTS AND THERE'S GOT TO BE FINDINGS OF CONDITIONS THAT WOULD MAKE THE AREA ELIGIBLE FOR INCLUSION IN A NEW PROJECT AREA.

SO, UM, CERTAINLY IF IT, IF IT ULTIMATELY COMES INTO AND THEN A REVENUE ALLOCATION AREA IS ESTABLISHED THAT COMES IN AT THE, THE CURRENT TAXABLE VALUE, UM, IT DOESN'T RE REVERT BACK TO THE VALUE IT WAS AT THE TIME OF THE FORMER DISTRICT.

IT'S, IT'S A COMPLETELY NEW DISTRICT.

UM, SO AGAIN, IT IT, IT DOES HAVE TO MEET THE ELIGIBILITY, UH, REQUIREMENTS AND, AND SO WE NEED A CONSULTANT TO LOOK AT IT.

AND OF COURSE THE OTHER ELEMENT OF THAT, WE'RE NOT GONNA PAY TO BUILD A NEW STREET AGAIN.

I MEAN WE ALREADY, WE ALREADY BUILT THE STREET WE ALREADY BUILT.

WE'RE NOT GONNA PAY TO DO THE SAME THING THAT WE'VE ALREADY DONE.

CORRECT.

ANY OTHER QUESTIONS, TERRY? WELL, SO I'M GLAD YOU BROUGHT THAT UP.

SO UNDER THE ORIGINAL PLAN, OBVIOUSLY THERE WERE OTHER CONSIDERATIONS FOR THE, UH, PIECES ALONG THE RIVER AND AT THAT TIME THE STREET THAT WAS PUT IN WAS NOT NECESSARILY, UH, MEANT TO HOLD HEAVY TRAFFIC FLOW.

AND WITH THE CHANGE IN CONSIDERATION OF PUTTING HIGH DENSITY HOUSING ALONG THE RIVER ALONG WITH, UM, OTHER HIGH DENSITY HOUSING THAT'S ALREADY GONE IN, UM, AND HOTEL, IS THERE A NEED TO EXPAND THE EXISTING ROAD TO ACCOMMODATE THAT TRAFFIC? AND IS THAT PART OF WHAT WOULD, WHAT YOU WOULD BE ENVISIONING IN PUTTING THIS INTO THE DISTRICT THAT YOU WOULD BE EXPANDING THAT? UH, I, I THINK THAT'S A, A, A GOOD QUESTION AND IT, IT WOULD TAKE SOMEONE, UH, PROBABLY, UH, AN ENGINEER TO LOOK AT THE TRAFFIC, UH, ADDITIONS THAT WE WOULD CREATE FROM THAT.

UH, WE, WE DID CONTEMPLATE IN THE EARLIER DISTRICT THAT THERE WOULD BE HIGH DENSITY, UH, HOUSING THERE.

WE DIDN'T SAY HOW, WE DIDN'T KNOW HOW MUCH TIME.

UH, AND, AND I, IN FACT, I HAVE MET WITH THE PUBLIC WORKS, UH, UH, ON THIS, THIS PARTICULAR ISSUE AND THE MANAGEMENT OF SEWER OR THE ADDED DENSITY AND HOW, YOU KNOW, PUBLIC SERVICES WOULD WORK AND, AND, UH, WE, WE BELIEVE, UH, TOGETHER THAT WHAT'S THERE IS WILL MANAGE WHAT WE HAVE TO DO.

UH, FOR EXAMPLE THOUGH, WE ARE GOING TO HAVE TO DO UNDERGROUND PARKING ON THESE CONDOS AND BECAUSE YOU STILL NEED PARKING FOR PEOPLE WHO WANT TO USE THE GREEN BELT 'CAUSE THEY ALL THE TIME ARE PARKING ON THIS RIVER WALK, DRIVE, STRETCH.

SO, UM, SO WE, WE WILL HAVE TO BUILD INTO THE ARCHITECTURE A WAY TO MANAGE IT IN THE PARKING PART OF IT.

UH, BUT THE O OTHERWISE THE OVERALL TRAFFIC FLOW, UM, WE, WE HOPE THAT WHAT WE HAVE THERE IS THAT, BUT WE, WE'LL TEST THAT OURSELVES, UM, AS WE GO FORWARD.

I THINK YOU'RE PROBABLY AWARE THAT THERE'S ALREADY TRAFFIC FLOW GOING THROUGH SPRING HILL AND THE MARRIOTT, WHICH IS NOT A ROAD, BUT RIGHT.

IT'S BEING USED AS A ROAD.

YEAH, I I DO , BUT THAT'S, THAT'S A PARKING LOT OF COURSE.

ALRIGHT.

I I, YEAH, CHRIS? YEAH, MY OTHER QUESTION, MY QUESTION WAS RELATED AND IT HAD TO DO WITH, UM, THE'S A ROAD OR EGRESS TO THAT GOES UP THROUGH THAT AGAIN, PARKING LOT EGRESS KIND OF TO THE, UM, GREEN BELT IN THAT DEVELOPMENT THAT SEEMS LIKE IT'S EXCLUDED FROM THIS PLAN AND I'M WONDERING WHY THAT WAS EXCLUDED AS OPPOSED TO CONSIDERING IMPROVING IT OR REROUTING EGRESS TO THAT AREA.

I DON'T KNOW IF THE CITY WANTS THAT EGRESS IS AN CARRY TO BE EXPANDED.

YEAH, THAT'S AN IMPORTANT QUESTION.

WHEN WE DID THE DISTRICT BEFORE THAT WAS LEFT REMAINING AS A PRIVATE DRIVE, PRIVATE, UH, PARKING LOT ESSENTIALLY AND HAS NOT BEEN COMPLETED.

AND SO THAT'S AN IMPORTANT ENGINEERING QUESTION.

LAUREN, WHAT WOULD'VE YOUR, WHAT ARE YOUR THOUGHTS ON THAT? UM, ONE, ONE OF THE CHALLENGES WITH THAT PARTICULAR ROAD IS ONCE YOU HIT PEN CARRY, UH, HOW TO TAKE A LEFT TURN ON IT, RIGHT? TURNS AREN'T A PROBLEM, BUT LEFT TURNS, UH, ARE CHALLENGE AND, UH, AND, AND, AND SO I I'M NOT SURE THAT THAT IT WILL, UH,

[00:55:01]

EVER BECOME A PUBLIC PIECE, UH, BECAUSE OF THAT CONNECTIVITY OF THE PAN CARRY.

UNLESS, UNLESS THE CITY WANTED WANTED TO HAVE THAT.

BUT WHY WOULD YOU DEVELOP AND DO A PLAN FOR THIS AREA AND NOT CONSIDER THAT PIECE? UM, THE ROAD ITSELF, WE CAN STILL DEFINE, I MEAN THIS IS JUST AN INITIAL PRESENTATION.

I THINK THAT'S KIND OF SOME INPUT THAT THEY NEED AND FUNCTION WITHIN THE AREA WOULD BE, AND HOW WE GO ABOUT THIS.

UM, MOST OF THE ACTIVITY WITHIN THIS DISTRICT WILL HAPPENS, UH, BETWEEN WHERE THE SPRING HILL IS AND THE SMALL ROUNDABOUT, RIGHT? THAT'S, THAT'S REALLY THE, THE AREA.

AND, AND THEN YOU HAVE THE, THE THE, UH, UH, THE ROAD THAT CONNECTS TO, TO THE BIG ROUNDABOUT.

SO YOUR MAIN CIRCULATION IS RIGHT THERE IN THIS AREA.

UH, AND, AND I'M NOT OPPOSED TO ADDING, IF, IF THE DISTRICT OR YAL FELT LIKE THERE WAS A A, A GOOD REASON TO DO IT OR A NEED FOR IT, THEN BY, BY ALL MEANS, WE, WE WOULDN'T, WE WOULDN'T DISCOUNT THAT.

BUT, BUT, BUT MOST OF THIS TRAFFIC FLOW WE SEE KIND OF GOING LIKE THIS WITHIN THAT DISTRICT AREA.

UM, THIS WILL JUST HAVE, YOU KNOW, ONE BUILDING HERE AND AT A RESTAURANT NEXT TO IT.

IF, IF, IF WE, IF THAT REMAINS, UH, WHICH MOST OF THOSE PEOPLE ARE GOING TO COME THIS WAY AND OUT BECAUSE OF THE RIGHT, RIGHT.

ONLY PRACTICALLY THE RIGHT ONLY ISSUE THERE.

I THINK THAT IS AN IMPORTANT CONSIDERATION.

THAT'S SOMETHING WOULD'VE TO HAVE STAFF WORK WITH.

DEFINE THIS.

THERE'S OTHER ISSUES LIKE CON CONTINUITY.

THAT WAS MY QUESTION.

CAN YOU BRING THE MAP UP AGAIN ONE MORE TIME THAT SHOWS THE RED OH ME AREAS? OH YEAH, SORRY.

YEAH, YOU'RE THE, SO IT, AND IT WAS ONE OF THE VERY BEGINNING MAPS TO DEFINE THE DISTRICT.

SURE.

THAT ONE, THAT ONE, YEAH.

THAT LITTLE PIECE DOWN AT THE END.

IT LOOKS LIKE IT'S CANAL.

YES.

IT IS NOT CONTIGUOUS.

OH, GOOD.

GOOD QUESTION.

BECAUSE THIS ONE, THIS PART, WELL ANYWAY, BETWEEN THE TWO THAT'S YES.

BREAKS IT APART.

IT'S ALREADY COMPLETED.

SO IT WOULD JUST, IT WOULD BE KIND OF LIKE THE RIVER PART.

WE'RE JUST WANT TO FINISH IT.

AND THERE ISN'T A PROBLEM WITH THAT NOT BEING CONTIGUOUS TO A DISTRICT.

YEAH, THERE IS.

WE JUST, WE'RE JUST GONNA TO WORK THROUGH THAT.

AND MEGAN WILL, MEGAN WILL, MEGAN WILL HAMMER ON 'EM UNTIL GETS THE RIGHT SIDES AND RIGHT DIMENSIONS, RIGHT MEGAN? OKAY.

UM, YES, BECAUSE IT, IT DOES TAKE THIS ONE, LAWRENCE PUT A LOT OF THOUGHT INTO HOW FAR WE GO.

IF WE'RE JUST GOING TO THE HOTEL, THIS WOULD BE PRETTY EASY TO DEFINE AS WE INCLUDE THE CONDOS IN THIS OTHER AREA, THEN THESE QUESTIONS BECOME MORE IMPORTANT.

UM, SO HE'S NOW SAYING THAT HE'S DONE ANALYSIS AND HE DOES WANT TO PUSH IT FURTHER, WHICH MEANS WE'VE GOTTA WORK ON THE MAP A LITTLE BIT MORE AND THE ANATOMY, THAT'LL BE PART OF WHAT'S BEING IN THE CITY WORKS WITH.

HEY LAUREN, THIS IS KIND OF AHEAD OF THINGS A LITTLE BIT I SUPPOSE, BUT THE AREA THAT YOU TALKED ABOUT WITH THE CONDOS IS THAT THAT GRAY AREA ABOVE THE GREEN AREA WHERE YOUR SPRINKLERS ARE, YOUR SPRINKLER PIPES ARE RIGHT THERE.

YEP.

THAT'S ONE CONDO, THAT'S ONE TOWER HERE AND THEN ANOTHER ONE WHERE IT GETS BIGGER HERE.

SO IT'S ONE, TWO.

WHAT'S THE DEPTH OF DEPTH OF THE LAVA THERE? UH, IT'S ACTUALLY, THAT GOES DOWN, IT'S BELOW THE ROAD, UH, ABOUT SIX FEET BELOW THE ROAD WHEN YOU GET DOWN INTO THE, WHERE MY CURSOR IS.

WELL, YOU TALKED ABOUT UNDERGROUND PARKING IS I JUST KIND OF WONDERED HOW IT'S A NICE PLACE FOR UNDERGROUND BECAUSE IT ALREADY ATROPHIES THERE, BUT, UH, BUT WE, WE DON'T HAVE A A, A GEO ON THAT PIECE YET.

WE, I CAN TELL YOU THIS THOUGH, UP HERE, IT'S AT THE SURFACE.

HAD SOME GOOD EXPRESSIONS OF SOME OF THE POINTS, UH, TRAFFIC AND ROAD AND, AND CONTINUITY.

LOTS OF IT.

OKAY, THANK YOU.

ANY OTHER QUESTIONS? ALL RIGHT.

IT SEEMS LIKE, UH, WHAT WE NEED, MEGAN, IF, IF I'M RIGHT HERE, IS THAT, UH, WE NEED THE EXPRESSION OF THE BOARD AND THEN HAVE, HAVE YOU AND STAFF WORK WITH THE WALKERS TO SEE IF WE CAN GET, MOVE TOWARDS A MEMORANDUM OF UNDERSTANDING AND, UH, DEFINITION OF THE AREA SO THAT WE CAN START MOVING FORWARD WITH THE INITIAL STEPS.

UM, UH, I DON'T KNOW THAT WE NEED, DO WE WHAT? WE DON'T NEED ANY MOTION OR RESOLUTION.

DO WE JUST, JUST SAY FOR ME TO SAY GO AHEAD AND KEEP WORKING ON THAT WITH THE WALKERS.

UM, IS THERE ANY OTHER, I MEAN WE'VE

[01:00:01]

ANY OTHER THINGS, ANY COMMENTS THAT THE CITY NEEDS TO KNOW AS THEY TALK TO THE WALKERS ABOUT THIS? OKAY.

HEARING THAT, THAT SOUNDS GOOD.

WE APPRECIATE YOUR, YOUR EFFORTS ON THIS AND THAT.

IT WOULD BE, IT WOULD BE A GREAT DEVELOPMENT.

SO WE APPRECIATE YOU, UM, AND, AND ALL YOU'VE DONE IN THE PAST.

IT'S A, IT'S A BEAUTIFUL AREA AND WE APPRECIATE, UM, THE COMMUNITY DOES LOVE THIS AREA AND SO YOU LIKE MADE IT SO LONG THAT THERE'S ALWAYS GONNA BE A LOT OF ATTENTION AND CARE GIVEN TO IT.

SO WE GOTTA STEP CAREFULLY.

AND IT TAKES US THROUGH OUR AGENDA.

UM,

[8. DISCUSSION ITEM: RAI and Legislative Update ]

THE LAST, UH, DISCUSSION ITEM IS RAI IS ANYTHING GOING ON WITH THE LEGISLATURE? UM, MEGAN, THANK YOU MR. CHAIR.

COMMISSIONERS, NOW THAT WE'RE POST-ELECTION, WE'RE STILL DIGESTING ELECTION RESULTS AND IMPACT ON THE OVERALL MAKEUP OF THE LEGISLATURE.

UH, WE ARE CLOSELY MONITORING THE LEADERSHIP, UH, RACES THE FIRST WEEK OF DECEMBER AND THEN AFTER THAT SHOULD HAVE A PRETTY GOOD IDEA AS TO WHAT THE OVERALL STRATEGY WILL BE FOR THE SESSION.

UM, I HAVE HAD SOME CONVERSATIONS WITH IMPORTANT GROUPS SUCH AS I AKI AND HAVE EVEN MET WITH A REPRESENTATIVE OF THE FIRE CHIEFS, UM, AND TRYING TO JUST GET A LAY OF THE LAND OF POTENTIAL LEGISLATION THIS SESSION.

I THINK EVERYBODY'S SAYING THAT THERE WILL BE SOMETHING, BUT IT'S VERY UNCLEAR FROM WHAT DIRECTION, SO.

[9. Next Meeting: December 19, 2024 ]

NEXT MEETING IS SCHEDULED FOR DECEMBER 19TH.

WE HAVE, WE DO WANT TO HOLD THAT MEETING IF YOU CAN BE, UM, I THINK WE HAVE THE PRESENTATION FROM INVOLVED VENTURES ABOUT SOME OF THE THINGS THEY'RE DOING, UH, FURTHER SOUTH ON THE RIVER, UH, WHICH I THINK IS EXCITING.

WE ARE, OUR, OUR CORE AREA IS REALLY MAKING SOME SIGNIFICANT STEPS FORWARD.

SO, UM, THAT WOULD BE A GOOD TO HEAR FROM THEM.

LIKE WE'VE HEARD FROM LAUREN ON THIS SEGMENT TODAY.

SO, UH, WE'LL HAVE THAT ON DECEMBER 19TH.

IS THERE A MOTION TO ADJOURN? ALL MOVED.

SECOND.

IS THERE A SECOND? SECOND.

ALL IN FAVOR SAY AYE.

A AYE, AYE.

ANY OPPOSING NAY I A MOTION PASSES WILL ADJOURN.