Dec 19, 2024 Redevelopment Agency

THERE SHE IS.

ARE THERE ANY CHANGES OR IS THERE ANY MOTION CONCERNING THE MINUTES? I'D MAKE A MOTION TO ADOPT THE MINUTES.

IS THERE A SECOND? SECOND.

ALL IN FAVOR SAY AYE.

THE NEXT ITEM ON THE AGENDA IS THE FINANCE REPORT.

ANY OPPOSED? SAY NAY.

I HAVE A MOTION PASSES.

UNANIM SLATE FOUR.

UM, PLEASE NOTE THAT WE DON'T HAVE BECKY WITH US TODAY.

UM, SO WE NEED TO MAKE SURE WE'RE SPEAKING INTO OUR MICROPHONES AND THEY'RE TURNED ON SO SHE CAN HEAR.

IT MAKES IT MUCH EASIER FOR HER TO TRANSCRIBE LATER.

WE DO HAVE THE AUDIO RECORDING, SO WE WILL HAVE, UH, SHE WILL BE ABLE TO PREPARE THE MINUTES, BUT IT HELPS HER IF WE HAVE OUR MICROPHONES ON AND WE HAVE A SPEAKER SPEAK AT THE MICROPHONE.

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

UM, THE FINANCE REPORT.

WE HAVE SOME EXPENDITURES, UH, FROM THE RIVER COMMONS, A HUNDRED DOLLARS FOR REBECCA THOMPSON, UH, $2,972 TO PETERSON LAND SURVEYING.

UM, WHAT WAS THAT? THAT IS FOR THE DEVELOPMENT OF THE, UH, NO, THIS IS FOR IN RIVER COMMONS.

UM, MEGAN, DO YOU KNOW WADE? DO YOU KNOW WHICH, WHICH ONE THAT IS? THAT'S THE, WE'RE DOING A SURVEY INSIDE SNAKE RIVER, LANDING THE WHITE WATER BRIDGE.

THIS WAS THROUGH DECEMBER FOUR.

THAT, THAT WAS FOR CORRECT.

THANK YOU FOR JOGGING MY MEMORY.

THAT WAS FOR THE SURVEYOR FOR YELLOWSTONE SQUARE, FRANK PETERSON, UH, JUST SO THAT HE CAN BE PAID FOR HIS SERVICES.

AND THAT'S GONNA COME UP HERE.

THAT'S OUR ITEM NUMBER SIX ON OUR AGENDA.

SO WE'LL GET TO THAT LATER.

UH, AND THEN $422 50 CENTS FOR BRAD KRAMER, WHICH I BELIEVE WAS WORKED ON RIVER COMMONS.

IS THAT RIGHT? ON STAKER LANDING, UH, THE CLOSEOUT PLANS, $4,959 AND 85 CENTS TO RU COMPANY FOR LEGAL, I MEAN TO EDELMAN BURKE FOR LEGAL SERVICES.

AND THEN PAYMENTS FOR ADMINISTRATIVE SERVICES TO THE CITY OF AUTO FALLS.

1000 956 75 IN RIVER COMMONS, $200 IN EAGLE RIDGE AND $200 IN JACKSON HOLE.

ARE THERE ANY QUESTIONS ABOUT THE FINANCE REPORT OR THE BUDGET? IS THERE A MOTION TO APPROVE THE FINANCE REPORT? SO MOVED.

IS THERE A SECOND? SECOND.

ALL IN FAVOR SAY AYE.

CAN OPPOSED SAY NAY? THAT MOTION PASSES UNANIMOUSLY.

UM, THE NEXT DISCUSSION ITEM WE HAVE IS, UM, WE'RE, UH, GLAD TO WELCOME, UH, THE STAFF FROM BALL VENTURES.

[4. DISCUSSION ITEM: Presentation by Ball Ventures for a Possible New Urban Renewal District]

UH, WITH US TODAY, WE HAVE TARI MALUA, WHO'S THE CHIEF EXECUTIVE OFFICER NOW AT BALL VENTURES.

IS THAT SOMETHING THAT, THAT STAYS ON THE PUBLIC RECORD? ? I CERTAINLY APPRECIATE IT.

PRESIDENT OF REAL ESTATE.

UH, WE HAVE TANA BARNEY, UH, AND CHRISTIAN TAYLOR.

WE APPRECIATE, UM, THEM COMING TO PRESENT TO US, UM, SOME OF THE THINGS THAT HAVE BEEN UNDER DISCUSSION.

SO, TANA, DO YOU WANT TO TAKE THE FOUR? CEO? OKAY.

SO WE'LL, UM, HAVE TARA PRESENT, UH, WHAT THEY HAVE IN MIND, AND WE HAVE A PRESENTATION, UM, THAT THEY PROVIDED AS WELL.

SO, AND MAKE SURE, MAKE SURE THE, YEAH, PERFECT.

DISTRICT AND HOPEFULLY TALK ABOUT AND, AND WORK TOGETHER WITH THE AGENCY ON A SUBSEQUENT, UM, IN SEPARATE URBAN RENEWAL, UM, DISTRICTS RELATED SNICKER LANDING.

UH, CHAIRMAN RADFORD AND THE, UH, URBAN RENEWAL AGENCY OF CITY OF, UH, I FALLS, THANK YOU FOR THE OPPORTUNITY TO PRESENT TO EACH OF YOU, UH, THIS AFTERNOON.

UH, WE'RE, WE'RE EXCITED.

UM, AND, AND I, AND IT SOUNDS BASED ON SOME OF THE DISCUSSION AMONG THE AGENCY MEMBERS THAT, UH, THEY'RE EXCITED TO SEE THE, UM, THE CONCLUSION OF ONE OF THE, I THINK PROBABLY ONE OF THE FIRST, IF CERTAINLY OF, OF ACTIVE, UM, RENEWAL, UH, DISTRICTS COME, COME TO A CONCLUSION.

AND SO WE'RE HERE FOR, FOR, UH, TO TALK ABOUT SNAKE LANDING.

UH, WE'RE HERE TO TALK ABOUT SOME OF THE PLANS THAT WE HAVE, BOTH TO WIND DOWN THE EXISTING URBAN RENEWAL

[00:05:01]

UH, OUR PRESENTATION IS REALLY SET UP TO KIND OF GIVE, GIVE AN OVERVIEW IF, IF IT'S OKAY, I DON'T THINK, YEAH, THAT FIRST PAGE PLEASE.

UM, SO WHAT, WHAT YOU SEE HERE IS A MAP AND, AND THE DELINEATION WITH THE HARD RED BORDER IS THE, IS A ROUGH ESTIMATE.

IT'S, IT'S NOT PERFECT, AS YOU CAN SEE, THIS WAS DONE BY HAND, BUT IT WAS, UH, IT'S A DEPICTION OF THE EXISTING BOUNDARY FOR THE RIVER COMMONS URBAN RENEWAL DISTRICT.

AND, AND AS YOU CAN SEE HERE, UM, THE, THE AREA THAT IS HATCHED, UM, INCLUDES ALL THE DISTRICT, AND THEN THERE'S AN AREA THAT IS HIGHLIGHTED AS SORT OF A DARKER RED, UM, THAT WE, THAT WE WANT TO FOCUS ON.

IT'S THAT, THAT, LEMME SEE.

IF YOU HOLD THE TOP THERE.

PERFECT.

THIS, THIS AREA, UH, IN QUESTION IS, IS A, IS A, IS A FOCAL POINT.

UH, AS A REMINDER, THIS, THIS AREA IS CURRENTLY IN THE DISTRICT, UM, BUT THERE'S QUITE A BIT OF WORK RELATED TO REMEDIATION, UH, THAT IS NECESSARY FOR US TO DEVELOP ALONG THE RIVERFRONT.

UH, IT'S, IT'S ER LANDING AND IT'S ADJACENCY TO THE, TO SNAKE RIVER.

AND SO, UM, IS THAT THE AREA WHERE THEY HAVE THE, THERE'RE BEEN A GRAPH FAIR, IT'S KIND OF JUST OPEN THAT IMPROVED? NO.

UH, THE, THE COST ASSOCIATED WITH THIS AREA IN RED IS APPROXIMATELY 2.65 MILLION.

THERE, THERE DEFINITELY WOULD NOT HAVE BEEN A CRAFT FAIR.

IF YOU'RE FAMILIAR WITH OUR PROJECT, UH, JUST SOUTH ALONG MILLIGAN, SO MILLIGAN'S, THE, THE PUBLIC ROAD THAT RUNS ADJACENT TO THE RIVER AND, AND IT, AND IT ALSO IS, UH, THE, THE STREET THAT BUFFALO WILD WINGS MCKENZIE RIVER IS ON.

IT GOES SOUTH JUST PAST PIONEER, UH, PURVIEW DRIVE ABOUT MAYBE LESS, LESS THAN AN EIGHTH OF A MILE, AND THEN IT TURNS INTO A DIRT ROAD, AN UNIMPROVED ROAD.

AND, UH, SO THE AREA IN QUESTION, THE SUBJECT PROPERTY THAT WE'RE TALKING ABOUT IS JUST SOUTH OF WHERE ALL OF THE IMPROVEMENTS, UH, HAVE BEEN MADE TO DATE.

UH, THIS IS AN AREA I I, I, I DEBATED WHETHER OR NOT TO SAY THIS IN ON THE RECORD, BUT THIS IS AN AREA THAT WE REFER TO COLLOQUIALLY IN OUR, UM, IN OUR, IS THE, THE BONEYARD.

UM, AND WE CAN GET A BETTER DESCRIPTION OF WHAT'S THERE.

BUT IN EFFECT, THIS IS WHERE A LOT OF THE, UM, HARD CAREFUL OF MY WORDS HERE, HARD, UM, WASTE, UH, WAS ACCUMULATED AND, AND AGGREGATED BY MONRO IN ITS ORIGINAL DEVELOPMENT.

SO WE DON'T, THERE, THERE'S NOT NECESSARILY AN ENVIRONMENTAL ISSUE HERE, BUT IT IS, IT, IT LITERALLY IS, IS ABOUT 15 TO 20 FEET HIGHER THAN THE NORMAL TOPOGRAPHY OF, OF THE LAND, WHICH, AND, AND SO IT'S ALL FILLED.

THAT WAS, UH, KIND OF EXCESS FROM THE ACTIVITIES.

SO IN THERE INCLUDE THINGS LIKE, AND TAN, I COULD USE A LITTLE BIT OF HELP HERE, BUT IN, IN THERE INCLUDE THINGS, UM, UH, LIKE OLD AIRPORT RUNWAY, OLD AIRPORT RUNWAY, UM, YOU KNOW, AS THEY SORTED, AS, AS THEY SORTED MATERIALS FOR WHAT COULD BE CRUSHED AND, AND REPURPOSED, THE EXCESS CAME HERE.

AND SO IT'S A, UH, THE SOIL CONDITIONS ARE NOT SUITABLE, UH, AS THEY ARE FOR DEVELOPMENT.

AND SO WHAT WE ARE PROPOSING, UM, IS, UH, IS TO USE REMAINING, UH, FUNDS, UH, TO, TO THE EXTENT THEY'RE AVAILABLE FOR THE PURPOSES OF REMEDIATING, UH, THE FILL THAT WAS HERE.

WE HAVE A PLAN TO DO THAT.

WE CAN SPEAK TO THAT, UH, MORE CLEARLY, BUT, BUT THAT'S CERTAINLY ONE, UH, TOPIC THAT WE WOULD LIKE TO THE AGENCY TO EVALUATE IS PARTICIPATING IN THE REMEDIATION AND CLEANUP OF THIS, OF THIS AREA.

UM, TO BE CLEAR THAT THERE'S A LARGER AREA TO THE SOUTH.

IT'S NOT DEPICTED HERE, BUT IMMEDIATELY TO THE SOUTH, UM, THE, IN THE, IN THE AREA THAT'S NOT HIGHLIGHTED RED, THERE'S, THERE'S MORE OF IT.

AND THAT'S, THIS IS ONE OF THE REASONS FOR, UM, LOOKING AT A FUTURE DISTRICT THAT, UH, THAT, THAT DOESN'T OVERLAP, BUT, BUT IS ADJACENT TO THE EXISTING DISTRICT.

UM, YOU KNOW, WE WE'RE PROPOSING DOING IT IN TWO PHASES.

THIS FIRST PHASE, AS YOU CAN SEE IN OUR NUMBERS, THERE'S, UM, IS APPROXIMATELY $5.2 MILLION IN TOTAL.

THAT, THAT JUST, THAT THE PRIMARY COST THERE IS, IS TRUCKING EXPENSE, UH, LOADING IT INTO TRUCKS AND HAULING IT OFF SITE TO A, TO A SITE THAT COULD RECEIVE THIS, UH, TYPE OF, THESE TYPE OF SOIL CONDITIONS.

UM, SO THAT THE TOTAL IS ABOUT 5.2 MILLION BASED ON OUR CURRENT ESTIMATES.

[00:10:01]

SO, SAID ANOTHER WAY THIS, THIS WOULD RESOLVE, UM, THAT BEST, BASED ON OUR BEST ESTIMATES TODAY, THIS WOULD REMEDIATE ABOUT HALF OF THE ISSUE THAT EXISTS IN THIS GENERAL AREA.

MAYBE I'LL STOP THERE AND ASK IF THERE'S ANY QUESTIONS ABOUT THAT.

UM, TANA, DID I MISS ANYTHING THAT THAT'S WORTH HIGHLIGHTING? OKAY.

SO THAT'S, THAT'S ONE PART OF IT.

ON THE NEXT SLIDE, PLEASE, COULD YOU SOME HELP? UH, WE WANTED TO START TALKING ABOUT WHAT A, WHAT A FUTURE DISTRICT LOOKS LIKE.

AND BEFORE WE GOT THERE, WE WANTED TO, UH, EXPRESS OUR GRATITUDE APPRECIATION FOR THE AGENCY AND THE WORK THAT THEY, UH, PARTICIPATED IN TO ALLOW US TO DEVELOP.

BUT WHAT'S TODAY'S SNAKE RIVER LANDING? SO JUST A LITTLE BIT OF A, UH, HISTORY, UH, REVIEW.

IF WE GO BACK TO 2004, THIS IS WHAT THE PROPERTY LOOKED LIKE.

YOU CAN SEE THERE IN THE IMAGERY, JUST UP TO THE RIGHT, UM, YOU CAN SEE WHERE BUFFALO WILD WINGS IS TODAY.

YOU CAN SEE, UH, THE, UH, CORPORATE OFFICE THAT WAS UNDER CONSTRUCTION FOR, UH, THAT, THAT IS NOW OCCUPIED BY THE IDAHOAN.

UM, AND THEN TO THE SOUTH OF THAT IS ALSO WHERE, OR JUST TO THE NORTH OF THAT IS ALSO WHERE OUR, OUR BUILDING, UH, WALL VENTURES HEADQUARTERS USED TO BE.

UH, IT'S MAYBE THE NEXT SLIDE.

UM, IN 2011, UH, YOU WOULD'VE SEEN THE COMPLETION OF BUFFALO WILD WINGS, UH, AN AREA BUILDING THAT WE CALL THE QUADS, WHICH IS, UH, RETAIL STANDALONE BUILDINGS, UH, MILLIGAN ROAD IMPROVEMENTS, THE MILLIGAN PARK, INCLUDING THE, THE PIER THAT'S THERE, THERE WAS ALSO THE LEGACY CREEK RESIDENTIAL COMMUNITY THAT WAS, THAT WAS COMMENCED AT THAT TIME.

UH, STOCKMAN'S, UH, IS A, IS WAS OPENED AND OPERATING.

UH, WE HAD THE IMPROVEMENTS OF THE SNEAKER RIVER PARKWAY, WHICH CONNECTED, UH, PAN CARRY TO SUNNYSIDE.

UH, AND THEN WE MADE OTHER IMPROVEMENTS THAT ARE PRIVATE, BUT ARE OPEN FOR PUBLIC USE, INCLUDING OUR TRAIL SYSTEM AND, UM, AND BEAUTIFICATION THAT, THAT WE DID RELATED TO, TO SNAKE RIVER LANDING.

A LOT OF THE, A LOT OF THE INFRASTRUCTURE TO SUPPORT CRITICAL UTILITIES SUCH AS STORMWATER, UM, AND OTHER PUBLIC IMPROVEMENTS WERE ALSO MADE.

UM, WE'RE WE'RE INSTALLED BY, BY THIS TIME.

MAYBE THE NEXT SLIDE, PLEASE.

UH, IF WE GO TO 2018, UH, BY THEN WE HAD THINGS LIKE CURTIS WRIGHT STECH BUILDING WAS COMPLETED.

WE, UH, HOME TWO HOTEL DANON RIVER APARTMENTS, WHICH IS AN ADULT, AN AFFORDABLE HOUSING, UH, ADULT, UH, SENIOR HOUSING FACILITY, THE WATERFRONT, WHICH SERVES AS A, A, A VENUE FOR, UH, PROVIDING VARIOUS ENTERTAINMENT IN SNAKE LANDING IN THE FALLS APARTMENT, WHICH WAS DONE BY NER UH, HOMES, UH, AS A FOR RENT PRODUCT.

AND THEN ALSO WE, WE HAD COMPLETED A PART OF EVENT CENTER DRIVE, UH, OF NODE IS IS THE WHITEWATER STREET, UH, THAT WAS EXTENDED ALL THE WAY TO, TO THE CANAL.

AND WE ARE GOING TO, IN 2025, BUILD A BRIDGE PURSUANT TO OUR DEVELOPMENT AGREEMENT THAT WILL CONNECT, UH, WHITE WATER OVER THE CANAL AND, AND IMMEDIATELY TO THE, TO THE FRONT DOORSTEP OF THE MOUNTAIN AMERICA CENTER.

UM, MAYBE ONE MORE SLIDE.

UM, AS WE ARE TODAY, UM, WE, WE HAVE CONTINUED TO DEVELOP OUT, UH, THERE'S, UH, IN, IN ADDITION THIS YEAR AND COMING ONTO THE TAX ROLL, UH, WITHIN THE LA EITHER NEXT YEAR OR, OR OVER THE LAST COUPLE YEARS, IS GARY VOY, UH, NEW OFFICE BUILDING RUNNING.

THE COMPANY IS RELOCATED OVER HERE.

UM, IDAHO KIDNEY IS UNDER CONSTRUCTION.

UH, THE EVENT CENTER, UH, WAS, WAS THE EXTENSION OF THAT WAS COMPLETED, THAT, THAT GOES OUT IN FRONT OF MOUNTAIN AMERICA CENTER AND CONNECTS TO PIONEER ON THE BACKSIDE.

UM, AND THEN WE'VE, UH, ALSO BUILT OUR, UH, NEW HEAD HEADQUARTERS, UH, UH, 50,000 SQUARE FOOT, UH, MULTI-STORY OFFICE BUILDING.

AND, AND SINCE THEN WE'VE BEEN ENTERTAINING QUITE A BIT OF INTEREST FROM OTHER GROUPS IN THE COMMUNITY WHO ARE LOOKING TO GROW THEIR, UH, EMPLOYEE BASE AND, AND CENTRALIZE, UH, FOR OFFICE, UH, FULL-TIME OFFICE, UH, DURING, DURING THE DAY.

UH, SO I, I, MAYBE THE NEXT ONE PLEASE.

UM, SO I, WHAT WHAT WE'RE, WHAT WE'RE TRYING TO PROJECT AND SHOW HERE IS THAT, UH, OVER THE COURSE OF, UH, THE DURATION OF, OF THE EXISTING RENEWAL DISTRICT, UH, I THINK WE'VE HAD A LOT OF SUCCESS, UH, DELIVERING ON WHAT, WHAT WE SAID WE WOULD DO.

OBVIOUSLY DURING THAT SAME TIME SPAN.

UH, THERE WERE THINGS LIKE THE GREAT FINANCIAL CRISIS AND COVID THAT CERTAINLY DIDN'T HELP, UH, CREATE DEVELOPMENT.

UH, BUT WE'VE BEEN CAPITALIZING ON EVERY OPPORTUNITY THAT MAKES SENSE.

AND, UH, THERE'S JUST NO WAY TO DO THAT WITHOUT THE PARTICIPATION OF, OF THE, UH, OF THE AGENCY.

SO WE, WE APPRECIATE,

[00:15:01]

UH, THE, THE TRUST AND, AND, AND THE PARTICIPATION THAT WE GOT, AND WE FEEL LIKE WE'VE DONE A, A PRETTY GOOD JOB OF DELIVERING ON THE VISION THAT, THAT WE SET OUT TO DO, UH, NEARLY 20 YEARS AGO.

UH, THIS MAP ALSO SHOWS REALLY THE SECOND POINT, SOME OF THE THINGS THAT WE WANTED TO DISCUSS, WHICH WAS THE FORMATION IN, UM, UH, OF A NEW, UH, URBAN RENEWAL DISTRICT.

UH, YOU CAN SEE THE AREA HIGHLIGHTED HERE IN RED.

IT'S THE HATCHED AREA.

IT GOES ALL THE WAY DOWN TO SUNNYSIDE, UM, AND KIND OF CONTINUES ALONG THE RIVERFRONT, UH, FOR ALL THE PRIVATE, UH, OR AT LEAST MOST OF THE PRIVATELY HELD LAND, UH, BETWEEN, WE'LL CALL IT PAN CARRY AND SUNNYSIDE, THAT, THAT FRONTS THE RIVER.

NOT, NOT ALL OF THAT IS OWNED BY BALL VENTURES OR, OR ITS AFFILIATES, BUT, BUT MOST OF IT IS.

AND SO WHAT WE'RE PROPOSING IN AN EFFORT TO, UM, PRIMARILY HELP US DELIVER, EXCUSE ME.

I THINK THE BATTERY ON THAT ONE.

IS THIS ONE WORKING? YEP.

PERFECT.

WE'LL COME BACK IF WE NEED.

NOT VERY GOOD FOR, YOU CAN'T REALLY BE USED FOR WALKING.

APPRECIATE IT.

UM, EXCUSE ME.

MAIN PURPOSE OF THIS, UH, ADDITIONAL RENEWAL DISTRICT IS PRIMARILY FOR, TANA GAVE ME COPIOUS NOTES, SO I'M GONNA MAKE SURE I TRY AND GET 'EM ALL IN HERE.

UM, THE REMEDIATION OF THE SOIL, UH, RELATED TO THE SUBJECT PROPERTY THAT I REFERRED TO AS THE BONEYARD PREVIOUSLY, THIS IS NOW THAT HATCHED AREA NOW INCLUDES THAT SOUTHERN HALF.

UM, IT'S, UH, IT'S FOR THE EXTENSION OF MILLIGAN, RIGHT OF WAY FOR GREEN BELT, UH, PATHWAYS FOR THE CONNECTION OF THE EVENT CENTER DRIVE EXTENSION, UH, THAT, THAT WOULD GO FROM PIONEER ALL THE WAY, CONNECT TO MILLIGAN IN, IN THE FUTURE, DOWN KIND OF ALONG WHERE OUR LAKE FEATURE THERE, UH, IS THERE.

WE JUST POINT TO THAT SO THAT EVERYBODY'S CLEAR.

UM, THE EXTENSION OF THE VENT CENTER DRIVE TO THE RIVER AND, AND CONNECTIVITY WITH MILLIGAN, UH, IT'S FOR STORM WATER, UM, EXTENSIONS AND, AND THE NECESSARY UTILITIES TO SERVE THIS AREA.

SO IT, IT WOULD BE OUR HOPE THAT THE AGENCY WOULD ENTERTAIN, UH, A MOTION TO APPROVE, UH, AN MOU THAT WOULD LEAD TO THE INVESTIGATION AND FEASIBILITY OF THIS ADDITIONAL DISTRICT THAT WOULD FURTHER ENHANCE THE, PRIMARILY THE RIVER FRONTAGE, UH, ALONG SNAKE RIVER, UH, INCLUDED IN THIS, IT'S NOT AT, IT'S NOT DESIGNED, UM, A HUNDRED PERCENT YET YOU CAN SEE SOME OF THE FACILITIES, BUT INCLUDED IN THIS HATCHED AREA, UH, AS, AS WE SEE IT WOULD BE ABOUT 650,000 PLUS SQUARE FEET OF RETAIL, PROBABLY ANOTHER 500 PLUS UNITS OF FOUR RENT OR FOUR SALE RESIDENTIAL HOMES.

AND THEN, UH, PROBABLY MORE THAN 300, UH, ROOMS, UH, KEYS OF HOSPITALITY AND APPROXIMATELY 150,000 SQUARE FEET OF OFFICE.

AND SO IT'S, UH, OUR HOPE THAT, UH, TOGETHER WITH THE AGENCY, WE CAN START ON ANOTHER SUCCESSFUL, UH, JOINT VENTURE IN, UM, IN, IN HELPING US BRING A, A, A GREAT RIVERFRONT AMENITY TO, UH, TO, TO THE COMMUNITY.

VERY GOOD.

THANK YOU, TARA.

UM, LET ME, LET ME WALK THROUGH A FEW QUESTIONS THAT I THINK MIGHT, UM, MIGHT ADD SOME INFORMATION.

UM, SO, UH, ONE THING I THINK EVERYONE KNOWS IS THE, THE PATHWAY IS A, UH, THE CITY'S PATHWAY IS ON THE, UH, EAST BANK OF THE RIVER.

THE PATHWAY GOES ALL THE WAY FROM, UH, CANDLEWOOD SUITES DOWN TO, UM, SUNNYSIDE.

AND THAT SECTION OF THE PATHWAY HAS BEEN COMPLETED AND HAS BEEN IN OPERATION, BUT WE DON'T HAVE, UH, THE PATHWAY ALONG THE, UH, WEST SIDE OF THE RIVER.

UH, WE'VE GOT A ROAD THAT THE CITY HAS A RIGHT OF WAY FOR, BUT IT'S NOT A, IT'S

[00:20:01]

IT'S NOT A, A COMPLETED PATHWAY.

UH, WE DO HAVE THE PATHWAY IN HERITAGE PARK AND HERITAGE PARK HAS BEEN DEVELOPED ON THE SOUTH END THERE.

SO, UM, WHAT WE'RE, I THINK ONE THING THAT I THINK WHAT TAR IS SAYING ABOUT VENTURES IS SAYING IS, YOU KNOW, WITH THESE, WITH THIS URBAN RENEWAL DISTRICT, THE PLAN, PART OF THE PLAN WOULD BE TO, TO COMPLETE THAT LOOP AROUND THE PAN CARRIED SUNNYSIDE RIVER LOOP SO THAT WE HAVE A COMPLETE LOOP AROUND THE ENTIRE RIVER.

UM, AND IT WOULD ALSO, UM, SO THAT WOULD, THAT WOULD HELP A LOT ON THE RIVER PATHWAY, WHICH THE COMMUNITY, UM, VERY MUCH VALUES AND, AND DELIVERS A LOT OF VALUE TO SURROUNDING BUSINESSES AND, AND THE ECONOMIC DEVELOPMENT.

UM, SO THAT'S, I THINK KIND OF WHAT WE WOULD, WE WOULD BE GETTING, UM, AND HOW WE WOULD BE CONTRIBUTING TO THIS AREA.

UM, ON THE OTHER HAND, UM, TARA, EXPLAIN A LITTLE BIT, YOU'VE GOT A, YOU DOWN ON, UH, WHAT, WHAT YOU HAVE GOING IS THAT YOU HAVE, UM, UH, YOU HAVE THE, UH, YOU HAVE THE, THE RETAIL CENTER DOWN THE SOUTH ON SUNNYSIDE, THAT IT, AS I UNDERSTAND IT, THAT'S, THAT WOULD BE MOVING FORWARD RELATIVELY QUICKLY, THAT WOULD GENERATE SOME FUNDS, SOME PROPERTY TAXES TO HELP, UH, HELP US DEVELOP ALONG THAT AREA.

IS THAT, IS THAT WHAT WE'RE SAYING? YES.

UH, WITH, WITHOUT PROMISING TOO MUCH, WE ARE ACTIVELY, UM, WE ARE ACTIVELY, UH, GOING THROUGH THE PROCESS OF STARTING, UH, THE, THE DEVELOPMENT PLANS FOR THAT AREA THAT'S DIRECTLY ALONG SUNNYSIDE.

SO THE SOUTHERN MOST AREA OF THIS MAP, LEMME SEE IF I POINT THAT OUT.

SO THIS, THIS AREA, UM, AND, AND I THINK THAT WE'RE TRYING TO CAPITALIZE ON THOSE IMPROVEMENTS THAT COULD COME FROM THERE AND, AND USE IT AS A WAY TO SUBSIDIZE THE FUTURE IMPROVEMENT COSTS ALONG THE RIVER, BUT ALSO, BUT ALSO MAKING SURE THAT THERE'S AN END POINT TO THESE TRAILS WHERE, UM, AS, AS THE PATHWAYS MEANDER THROUGH OUR PROPERTY, THAT THERE IS ALSO APPROPRIATE COMMUNITY INTEREST FROM A, FROM A DINING AND SHOPPING AND RETAILING EXPERIENCE, UH, INCLUDING HOSPITALITY.

WE THINK ALSO THAT IT'S VERY COMPLIMENTARY TO, UH, THE MOUNTAIN AMERICA CENTER AND A LOT OF THE TRAFFIC THAT IT DRIVES FROM, UH, FROM ITS VARIOUS ACTIVITIES AS, AS WELL.

AND LET'S BRING, I I THINK EVERYBODY SHOULD BE UP TO SPEED TOO ON THIS DRAWING.

YOU SHOW, UM, NORTH OF THAT RETAILER AREA ON, ON SUNNYSIDE, YOU SHOW LIKE THE SET OF HOMES THERE THAT'S NOT WITHIN THE REQUESTED AREA.

THERE'S SEVERAL SETS OF HOMES THERE.

ONE I BELIEVE IS ALREADY UNDER CONSTRUCTION, WHICH IS KARNER.

I DON'T KNOW, CAN WE STILL, WE POINT THAT OUT? I DON'T KNOW YOUR POINT OR WORK THAT'S CURRENTLY UNDER CONSTRUCTION AS I UNDERSTAND IT, WHICH IS, IS IT NER DEALER? THAT'S CORRECT.

YEP.

FOUR RENT BEFORE RENT.

UM, DO, DO WE REMEMBER HOW MANY UNITS THE, THE, THE CITY WOULD HAVE THIS INFORMATION, BUT, UM, YEAH.

BUT, BUT YEAH, FOR RENT PRODUCT THAT'S CURRENTLY UNDER CONSTRUCTION, UH, IT LOOKS TO ME THAT THEY'RE UPRIGHT, THAT THERE'S STANDING WALLS ON PROBABLY THREE OF THEIR FIRST, UH, UNITS THAT'LL BE DELIVERED.

RIGHT.

AND I THINK THEY'VE DONE A LOT OF INFRASTRUCTURE WORK TO MAKE THAT AREA WORK, AND THEY SPENT A LOT OF THE LAST YEAR DOING THAT.

WHAT, AND THEN, AND THEN JUST TO THE WEST OF THAT, THERE'S A COUPLE, UH, OF DEVELOPMENTS THAT ARE SHOWN THAT ARE NOT YOURS I KNOW, BUT I BELIEVE THOSE ARE ALREADY PERMITTED DEVELOPMENTS AS WELL.

IS THAT RIGHT BY, IS IT CALLED J DEVELOPMENT? YES.

IS THAT THE RESERVE? YES.

AND SO I, I JUST WANT EVERYONE TO HAVE A FULL PICTURE OF WHAT'S KIND OF IN DEVELOPMENT HERE.

SO WE'VE GOT, WE'VE GOT SOME RESIDENTIAL AREAS THAT ARE COMING THAT ARE MOVING FORWARD, UM, IN THIS, IN THIS AREA.

UM, I THINK IT'S JUST IMPORTANT TO SEE THE PROGRESS THAT'S BEEN MADE.

THE CATALYST OF BALL VENTURES INITIAL EFFORTS, STAYING BACK FROM 2004.

THIS, THIS AREA GOES FROM 2004 TO 2028.

UH, SO YOU KNOW, THIS STARTED IN 2004.

IT'S BEEN FROM 20 YEARS INTO THIS VENTURE.

UM, AND IT'S REMARKABLE TO SEE WHAT'S BEEN ACCOMPLISHED, BUT JUST TO SEE WHAT ELSE IS IN LINE.

THIS DRAWING ALSO SHOWS, UM, THE WORK THAT'S BEEN DONE WITH US DEVELOPMENT, THE BRIGHTEN STEIN PROPERTIES NORTH OF THE EVENT CENTER SHOWS, THOSE U THOSE

[00:25:01]

APARTMENT BUILDINGS ARE JUST, THAT ARE, THAT ARE PLANNED THAT WE'VE HAD UNDER DISCUSSION HERE, AS WELL AS THE EAGLE RIDGE AREA THAT WE'VE BEEN, UM, BEEN WORKING WITH THAT DEVELOPER, UM, ON THE NORTH END.

SO I THINK JUST TO HAVE THAT WHOLE PICTURE OF WHAT'S, WHAT'S COMING IN, WHAT'S SO WHAT'S NOT RIGHT NOW COMING IN.

I THINK WHAT TARA'S SAYING IS, IS THE AREAS THAT ARE MARKED HERE FOR THE PROPOSED NEW URBAN RENEWAL DISTRICT ARE AREAS THAT ARE SOME OF THE VERY GOOD AREAS BECAUSE THEY'RE RIGHT NEXT TO THE RIVER, BUT THEY ALSO PRESENT SIGNIFICANT DEVELOPMENT OBSTACLES.

ONE, BECAUSE OF THE BONEYARD, THERE'S OTHER THINGS GOING ON ALONG THERE.

THERE'S DIVIDED PROPERTY OWNERSHIP.

IT'S BEEN, IT'S BEEN DIFFICULT.

UM, LET'S, LET'S TALK A LITTLE BIT MORE ABOUT THOSE OBSTACLES TO DEVELOPMENT.

IF, IF YOU CAN.

I'M NOT TRYING TO PUT YOU ON THE SPOT TAR.

I KNOW.

NO, THAT, THAT'S GREAT.

I THINK, I THINK, UM, WE, WE OBVIOUSLY, IF IN THE CURRENT ENVIRONMENT, UM, CAPITAL MARKETS ENVIRONMENT, UM, THE, THE REASON, AND, AND EXCEPT FOR HOUSING, WE, I, YOU KNOW, NOT JUST HERE, BUT IN EVERY COMMUNITY THAT WE DO BUSINESS, WE'VE SEEN A LOT OF HOUSING CONTINUE TO, TO MOVE FORWARD.

SOME, SOME OF THAT WAS BECAUSE OF THE ENTITLEMENTS THAT IT, THAT WERE APPROVED IN, IN THE YEARS PRIOR.

UM, BUT IN TERMS OF LIKE NEW STARTS AND NEW APPLICATIONS TO DEVELOP, IT'S GOTTEN A LOT HARDER JUST BECAUSE OF INFLATIONARY COSTS ON, ON HARD COST CONSTRUCTION.

UH, AND THAT INCLUDES BOTH HORIZONTAL AND VERTICAL IMPROVEMENTS.

AND SO, UM, A LOT OF, A LOT OF, UH, A LOT OF ASSET TYPES LIKE RETAIL HAVE BEEN SOMEWHAT RESILIENT WITH THAT IN TERMS OF, UM, YOU KNOW, BEING ABLE TO AFFORD THE NEW RENTAL RATES.

BUT THAT TYPICALLY IS IN YOUR MORE TRADITIONAL SHOPPING CENTERS, LIKE A ACROSS TOWN.

IN AMMOND, WE HAVE SAND CREEK COMMONS THAT'S ANCHORED BY S AND CABELAS.

AND SO THAT'S WHERE WE'RE SEEING A LOT OF, UM, IF THERE IS PRESSURE ON RENTAL RATES, WE'VE SEEN, UH, USERS, TENANTS, OCCUPANTS BE ABLE TO ABSORB THAT ADDITIONAL COST.

HOWEVER, AS WE THINK ABOUT THE RIVER, UH, FRONT AND, AND THE LACK OF BEING ABLE TO HAVE THAT SAME TYPE OF ANCHOR THAT WOULD NORMALLY ATTRACT, UM, ADDITIONAL BUSINESSES TO THE AREA, UH, THIS, THIS HAS BECOME, WE, THE WAY WE'RE PROJECTING IT IS THAT THE HARD COSTS OF CONSTRUCTION, UM, IT'S GOING TO REALLY BE, UH, AN OBSTACLE TO, UH, MAKING ANYTHING TO, TO JUSTIFYING FEAS, UH, RETURN AND FEASIBILITY ON ANYTHING VERTICAL.

AND SO THE IDEA OF HAVING TO REMEDIATE LAND, UM, AND, AND, AND DEVELOP THE RIVERFRONT PURSUANT TO THE CITY'S AMBITION, UH, WOULD JUST ADD ADDITIONAL COSTS TO WHAT'S OTHERWISE GOING TO BE MORE OF A COLLECTION OF MOM AND POP TYPE BUSINESSES.

UH, IT'LL, YOU KNOW, IF YOU WERE TO LOOK AT PEER VIEW, UH, DRIVE IN THE BUSINESSES THAT ARE THERE, UM, YES, WE DO HAVE THE IDAHO AND, UM, BUT WE'VE GOT, YOU KNOW, SMALL COFFEE SHOPS AND WE'VE GOT, UM, SMALL NOODLE, UH, SHOP, WE'VE GOT MOM AND POP BUSINESS IN STOCKMAN'S.

UM, WE HAVE SOME PROFESSIONAL SERVICES, BUT, BUT TYPICALLY THESE ARE SMALL BUSINESSES WHO ARE, WHO ARE LOOKING FOR CLASS A SPACE.

AND SO I THINK THAT THE MAIN OBSTACLES TO ACHIEVING, UH, ANY TYPE OF FINANCIAL FEASIBILITY AND, AND GOING VERTICAL ON, ON CLASS A IMPROVEMENTS, UM, IT'S, IT'S REALLY GOING TO BE THE INFRASTRUCTURE RELATED TO UTILITIES AND ANTENNA.

YOU'RE WELCOME TO, TO ROUND OUT ANY OF MY COMMENTS HERE, BUT IT'S, BUT IT'S THE EXTENSION OF POWER, WATER, SEWER.

IT'S THE IMPROVEMENTS AND ENHANCEMENTS OF THE RIVERFRONT, UH, THAT WILL BE, UH, A LOT OF ADDITIONAL COSTS AND THE CONNECTIVITY OF, OF THE GREEN BELT AND PATHWAYS.

UM, AND, AND, AND, AND THOSE ARE, THOSE ARE THE MAIN ONES, MR. RAFFORD.

MILLIGAN, UH, OUR VISION AND, AND, AND WE DO HAVE SOME IMAGERY AND, AND IF WE'RE, UM, IN HINDSIGHT WE SHOULD HAVE CROSSED, BUT WE WE'RE IMAGINING, UH, MORE HOSPITALITY.

UM, RIGHT.

BASICALLY WE HAVE A ROAD ALONG, THERE'S GONNA BE, HAVE TO BE A ROAD ALONG THE RIVER.

IT HAS TO BE THE REMOVAL OF ALL THIS, THIS BONE YARD.

UM, SO THERE IS, THOSE ARE THE COSTS THAT WE'RE LOOKING AT TO TRY TO GET THE RIVER FRONT TO, TO MOVE FORWARD.

AND I THINK, EXPLAIN A LITTLE MORE YOUR VISION.

I THINK IT BEARS EMPHASIS LIKE ALONG THIS GREEN, ALONG THE TRAIL, YOU WANT, UM, KIND OF WHAT KIND OF BUSINESSES ARE YOU LOOKING FOR FOR THAT KIND OF CORRIDOR? YEAH, SO GREAT QUESTION.

ALONG THE RIVER, WE IMAGINE THAT THE CONNECTION BETWEEN WHAT'S WHITE WATER, SO AS IT EXPANDS AND CONNECTS WITH

[00:30:01]

SO SELECT SERVICES, UH, WE THINK THAT THE DIRECT CONNECTION TO MOUNTAIN AMERICA CENTER ONCE THE BRIDGE IS BUILT, WILL BE A GREAT LOCATION FOR RIVER ACCESS AND ENTERTAINMENT.

ALONG WHITEWATER, UH, WE ARE PLANNING MORE, UM, AGE RESTRICTED, UH, FOR SALE HOUSING.

UH, SO THAT'S, THAT'S BUILDING SMALLER PROTOTYPES OF, OF HOUSING, UH, FOR, UM, FOR, FOR THOSE THAT ARE 55 PLUS, UH, WE ARE IMAGINING, UM, WE ARE IMAGINING MORE STANDALONE RETAIL, UH, RESTAURANTS, UH, THAT LOOK MORE LIKE BUFFALO WILD WINGS.

UH, WE ARE, WE ARE, OH, WE HAVE GREAT, THANK YOU.

THIS, THIS IS, THIS IS OUR CURRENT CONCEPT.

UM, AND YOU CAN SEE IT, IT'S THE ORIENTATION IS EAST TO WEST, BUT IT, IS THERE A CHANCE WE CAN ROTATE NORTH AND SOUTH? JUST COUNTERCLOCKWISE 90 DEGREES, I JUST THINK TWICE MORE.

PERFECT.

UM, SO YOU CAN SEE IN HERE HOSPITALITY, YOU CAN SEE IN HERE A GATHERING AREA FOR THE PUBLIC THAT IS ADJACENT TO THE RIVER.

UH, YOU CAN SEE IN HERE STOREFRONTS THAT LOOK VERY SIMILAR TO WHAT YOU'LL FIND ALONG PEER VIEW DRIVE AT THE MOMENT.

UH, AS YOU GET A LITTLE FURTHER SOUTH, YOU CAN SEE SOME OF THE HOUSING THAT WE REFERRED TO.

UM, BUT IT'S, BUT IT'S GOING TO BE, IT IS GOING TO BE LOCAL BUSINESSES OPERATING THESE WE'RE, WE'RE NOT GOING TO BE ABLE TO ACHIEVE, I, I KEEP REFERENCING BUFFALO WILD LEAGUES, BUT WE'RE NOT GONNA BE ABLE TO ACHIEVE A NATIONAL, UM, USER LIKE THAT OFF OF A, WHEN THEY DON'T HAVE THE VISIBILITY OF THE MAIN ROAD.

SO WE'RE REALLY LOOKING AT, UM, UH, SMALLER BUSINESSES OWNED LOCALLY, BUT IT'S, BUT IT'S FOOD AND BEVERAGE, IT'S ACCESS TO THE GREEN BELT OR CONNECTIVITY TO THE GREEN BELT AND ITS HOSPITALITY IS, IS THE MAIN, UH, DRIVERS OF, OF THIS AREA.

THOSE ARE SOME BACKGROUND QUESTIONS, UM, FROM THE AGENCY.

WHAT QUESTIONS DO YOU HAVE FOR, FOR TARA? SO THE BONEYARD, TELL ME ABOUT WHAT'S IN THERE AND IS IT, IT'S BEEN THERE A LONG TIME AND IS IT REUSABLE IN ANY, ANY FASHION? CAN IT BE REPURPOSED? CAN IT BE SOLD OR FILLED? CAN IT BE USED TO BUILD ANOTHER SKI OR SNOW HILL OR CAN ANYTHING BE DONE WITH IT RATHER THAN JUST FILLING UP ANOTHER SPACE TO CAUSE A PROBLEM IN THE FUTURE? TANA, DO YOU WANT, SO I'VE BEEN IN CONTACT WITH PJ AND PJ NAMED THE TUNNEL HILL.

UM, OH, TANA, COULD YOU COME UP AND SPEAK IN THIS MIC? TRYING TO HIDE? SO I'VE BEEN IN CONTACT WITH PJ AT HOME, AT U AT THE PARKS DEPARTMENT AND WHERE HE'S TRYING TO BUILD A PARKING LOT OR FILL UP OVER ON RIDER PARK, JUST WEST OR EAST OF THE NEW MASTA AREA.

THERE'S A HUGE GULLY VALLEY THAT THEY'RE TRYING TO FILL, AND WE WOULD HAUL IT THERE.

WE WOULD PAINT FOR THE HALL AND GIVE IT TO THE CITY TO FILL THAT.

SO WE DO HAVE A PLACE FOR THE STUFF THAT WE WANT TO DO IMMEDIATELY AS PART THIS, THE OLD ERB AND FOR ALL OF IT, YEAH, THEY, THEY'LL TAKE ALL OF THE STUFF THAT WE CAN HAUL IN THE NEAR FUTURE.

TANANA, CAN YOU SPEAK TO WHAT'S IN THERE? KIND OF? SO THIS IS WHERE MONRO WOULD TAKE THE STUFF THAT THEY COULDN'T REPURPOSE.

UM, HISTORICALLY, I'VE TALKED TO A BUNCH OF PEOPLE THAT HAVE WORKED THERE AND WHEN THE AIRPORT HAD THEIR RUNWAY REDONE BE EIGHTIES, NINETIES, THAT WAS ALL LIFTED OFF OF CRANES AND PLACED THERE.

THERE'S A LOT OF CONCRETE DEBRIS BECAUSE IT WAS A CONCRETE, UH, MANUFACTURING PLANT.

THERE'S A LOT OF LABA 'CAUSE THIS IN IDAHO FALLS, I DON'T KNOW IF YOU KNOW, BUT THERE'S A LOT OF LABA EVERYWHERE.

SO MON ROCK WOULD LET PEOPLE DUMP THAT THERE TOO.

SO IT'S MOSTLY BIG, UH, CUMBERSOME, SOME STUFF.

THERE'S A GREAT PICTURE OF SOME LAVA ROCK RIGHT THERE SITTING AND TALKING.

SO ANSWER YOUR QUESTION.

YEAH, IT, IT'S HARD TO, IT'S, IT'S ACTUALLY KIND OF A POSSIBLE TO SEE HERE, BUT, UM, IF YOU SEE THE WATER FEATURE THAT LOOKS LIKE A HORSESHOE IN THERE, UH, IN TERMS OF GRADE, AND YOU CAN ALL SEE WHERE WHITE WATER, UH, THE IMPROVEMENTS ACTUALLY STOP.

UM,

[00:35:01]

AND SO YEAH, THANK YOU.

UH, IF YOU WERE TO GO UP, IT'S HARD TO SEE HERE, BUT THERE'S PROBABLY ABOUT 15 TO 20 FEET OF ELEVATION CHANGE AS YOU GO FROM THAT IMPROVED ROAD INTO THE BONEYARD.

SO HIGHLIGHTING THE FACT THAT A LOT OF THIS IS NOT, YOU KNOW, THIS IS, THIS IS FILLED THAT WAS PLACED ON TOP OF NATURAL SOILS.

UM, AND SO, UH, ANY RATE, WE, ONE WAY OR ANOTHER IN ORDER TO DEVELOP HERE, WE'VE GOT A, NOT NOT JUST FOR SOUND STRUCTURAL SOIL CONDITIONS OR BUILDING CONDITIONS, BUT JUST TO, WE'VE GOT MOVE ON ALL THE JUNK AND, AND SO THERE'S QUITE A BIT OF IT.

I HAVE A QUESTION ABOUT, UM, THE INDUSTRIAL PROPERTY THAT'S ADJACENT NORTH OF HERITAGE PARK AND UH, THEY, UH, LIKE RIGHT NOW YOU CAN WALK THROUGH HERITAGE PARK UP THE NORTH END AND THEN EVERYTHING JUST STOPS THERE, IT'S BLOCKED OFF.

AND THEN, SO WHAT IS THE SITUATION WITH ROAD RIGHT OF WAY AND MAYBE, UH, PEDESTRIAN WALKING PATH RIGHT OF WAY EASEMENT? IT, IT, IT'S A GREAT QUESTION AND WE DON'T HAVE GOOD ANSWERS TODAY.

UM, I, THE IT IS, WE, WE WOULD OBVIOUSLY NEED THE PRIVATE PARTY'S PARTICIPATION TO, TO MAKE THAT CONNECTION.

UM, I HAVEN'T PERSONALLY MADE THAT EFFORT TO REACH OUT AND FIGURE IT OUT.

AND PART OF THAT IS BECAUSE, UH, IT FEELS LIKE OVER THE YEARS, AS OUR TEAM HAS ATTEMPTED TO DO THAT, WE HAVEN'T BEEN ABLE TO, TO GARNER ANY TRACTION WITH THEM ON, ON, ON A RESOLUTION.

SO THE WAY WE'VE BEEN CONTEMPLATING IT IS THAT THERE WOULD BE, UH, SOME FORM OF RIGHT AWAY FOR BOTH, UM, TRAFFIC AND PEDESTRIAN THAT WOULD, THAT WOULD GO ON THE NORTH SIDE.

SO, UH, WITHOUT THE PARTICIPATION, I DON'T KNOW THAT WE CAN PROMISE, UH, CONNECTIVITY ALONG THE RIVERFRONT, BUT WE HAVE A PLAN WHERE IT WOULD BASICALLY GO ON AROUND THEIRS.

AND SO YOU WOULD COME OFF OF THE, OFF OF THE RIVER FOR A MOMENT AS YOU WALK THE PERIMETER OF THEIR SITE AND THEN RECONNECT WITH HERITAGE PARK, UM, DOWN BELOW.

BUT, BUT THAT, THAT, THAT'S OUR BEST PLAN AS, AS OF RIGHT NOW.

SO THEY HAVEN'T SAID ANYTHING ONE WAY OR ANOTHER, OR ABSOLUTELY NOT, OR WE HAVE NOT GONE TO THAT MADE THAT EFFORT IN THE LAST 12 MONTHS AND THEY OWNED THE MEANDER LINE.

YES.

AND THIS IS THE PENN FAMILY, ISN'T IT? THAT'S MY UNDERSTANDING.

NOW, CAN YOU ALSO JUST WALK BACK, MAYBE GO BACK TO THE OTHER CHART.

I THINK THIS IS IMPORTANT.

THIS IS LAND OWNERSHIP.

THIS BRINGS UP AN IMPORTANT ONE THAT CAN YOU SHOW US ON THAT, ON YOUR PRESENTATION AND CAN YOU GO BACK TO THE OTHER ONE? SHOW US WHAT PARCELS YOU NOW CONTROL, UM, OR OWN AND WHICH ONES STILL REMAIN OUTSIDE YOUR CONTROL ALONG THE RIVER? OH, ALONG THE RIVER.

THIS IS ONE.

THIS IS THE ONE, YEAH.

SIGNIFICANT ONE.

YEAH, THERE WE GO.

YEAH, SO THE AREAS, UM, THE AREA DOESN'T, THE BARB AREA SHOW IT THE PROPOSED URBAN RENEWAL DISTRICT, WHICH, WHICH PARTS DON'T YOU? SO THERE'S, AND THEN IT IS NOT DEPICTED HERE, BUT IN THIS AREA THERE'S A, THERE'S A HOME PROBABLY CONSISTING OF ONE TO ONE AND A HALF ACRES OR LESS OR LESS OF, OF PROPERTY THAT'S ALONG THE RIVER THAT, THAT IS NOT OWNED.

UM, AND THEN THE, UH, DOG FOOD FACTORY DOWN HERE IS NOT OWNED BY US, BUT THE REST OF IT IS, IS IS OWNED BY FALL VENTURES AFFILIATE.

WAS THAT? YEAH, 15 FEET IS THE STANDARD.

SO THERE'S REALLY TWO PIECES, PROBABLY ONE TO ONE AND A HALF ACRES, UM, ON THE NORTHERN SIDE.

AND THEN THE DOG PLANT IS PROBABLY A FOUR TO FIVE ACRES SOMETHING.

OKAY, GOOD.

LISA AND I AM GONNA SHOW A LITTLE BIT OF IGNORANCE HERE BECAUSE I'M SAYING SOMETHING THAT, I DON'T KNOW WHETHER, HOW IT PLAYS INTO THIS, BUT THERE, THERE'S GOTTA BE SOME KIND OF EASEMENT ALONG THAT LINE BECAUSE WE HAVE POWER POLES, SO THERE'S A UTILITY EASEMENT OR SOMETHING THAT'S MAYBE 15 FEET THAT'S ALL ALONG THE RIVERSIDE OF MILLIGAN.

IT'S NOT, IT'S NOT ON THE LAND ROAD SIDE, IT'S ON THE RIVERSIDE.

AND WE'VE GOT, I FALLS POWER POLES THAT RUN ALL THE WAY DOWN.

SO THERE'S SOME KIND OF EVEN IN FRONT OF OX UH, PLANT, BUT THERE'S GOTTA BE SOME KIND OF A, AT LEAST A UTILITY, RIGHT? IT'S A MAINTAINED ROAD.

I MEAN, IT'S NOT, IT'S NOT ASPHALT, BUT IT'S BEING MAINTAINED AND USUALLY, AND I THINK THOSE UTILITIES NEEDS ARE USUALLY 15 FEET.

SO ANYWAY, THAT'S JUST, IT'S, WHAT

[00:40:01]

RIGHT.

IS THERE A REASON TO EXCLUDE THAT PROPERTY FROM THE DISTRICT AS DIVERSITY OF OWNERSHIP IS ONE OF THE ITEMS THAT'S ON OUR LIST? LIKE WHY WOULD, WHY WOULD YOU NOT INCLUDE THEM? JUST 'CAUSE YOU DON'T OWN IT? THAT'S A, THAT'S A GOOD QUESTION.

UM, THEY COULD, THEY CAN BE INCLUDED.

UM, MEGAN, YOU MIGHT WANT TO, UH, MR. ER, I THINK FROM OUR STANDPOINT, UM, IT, IT WAS THAT THE LIKELIHOOD OF IT BEING REDEVELOPED TO ADD IMPROVEMENT VALUE TO, TO THE TAX ROLL WAS THE MAIN REASON WE EXCLUDED IT, WAS IT, IT, FROM OUR PERSPECTIVE TODAY, IT DIDN'T FEEL LIKE IT WAS GOING TO BE, UM, IMPROVED BEYOND ITS CURRENT BASE O OVER THE LIFE OF THE, THE PROPOSED, EXCEPT WHERE YOU'RE ASKING FOR THE RIGHT OF WAY IMPROVEMENTS AND THE PUBLIC INFRASTRUCTURE TO CONTINUE THE GREEN BELT ALONG THE RIVER.

THAT OBVIOUSLY WOULD YEAH.

AND IT'S ALREADY MAINTAINED ROAD BY THE CITY.

AGAIN, THE CITY DOES HAVE SOME RIGHTS ALONG THERE, SO, UH, WE HAVE TO WORK THROUGH THAT.

'CAUSE THERE IS, THERE IS POWER AND A MAINTAINED ROAD IN FRONT OF THEM.

SO THE CITY DOES OWN RIGHT AWAY RIGHT IN FRONT OF THAT.

I GUESS EAGLE RATE IS BOTH DIFFERENT, BUT IT WOULD HAVE BEEN, UM, YEAH, THAT'S, THAT'S GOOD.

SO YOU, YOU CAN SEE ON THE SCREEN NOW, IF YOU SWITCH JUST BELOW ON, WELL, RIGHT BELOW THAT LINE OR ALONG THE RIVER, YOU CAN SEE THAT IT'S SO, BUT STILL, UM, CHRIS, YOU BRING UP A GOOD QUESTION.

YOU CAN, WE, WE CAN INCLUDE THEM EVEN IF THEY DON'T WANT, YOU KNOW, DON'T CONSENT TO PARTICIPATE STILL, THEY CAN STILL BE PART OF IT.

UM, BUT WHETHER WE WANT TO OR NOT OR GIVE THEM AN OPPORTUNITY TO DO THEIR OWN THING IN THE FUTURE WOULD BE, I THINK SUBJECT TO DISCUSSIONS WITH THEM ABOUT HOW THEY WANT TO BE INCLUDED.

AND YEAH, WE DON'T KNOW THE FULL STATUS OF THAT.

SO IT'S ONE THAT WE'D PROBABLY HAVE TO APPROACH SEPARATELY WORK WITH THEM, BUT WE WOULD HAVE SOME PUBLIC RIGHT OF WAY TO DO SOMETHING WITH JUST WHAT WOULD BE THE DOWNSIDE OF JUST INCLUDING IT WOULD LIMIT THE AMOUNT.

IF SOMEBODY DID WANT TO DEVELOP, THEY WOULDN'T HAVE THE FULL 20 YEARS.

UM, IT WOULD LIMIT THEIR TIME.

IF YEARS WENT PAST WHILE THEY WERE IN OUR, THE AREA, THEY WOULDN'T GET FULL 20 YEARS TAX INCOME AND REIMBURSEMENT, BUT ANY DEVELOPMENT, LIKE THE INFRASTRUCTURE WOULD ALREADY BE THERE.

SO THEIR COST, YEAH, YEAH.

BUT IT WOULD GIVE THEM THE IMPETUS TO START THINKING ABOUT IT, RIGHT? RIGHT.

IT WOULD TO, IT WOULD ADD TO BE ORIGINAL BASE.

SO THEY MIGHT LIKE, I DON'T KNOW HOW MUCH THAT'S WORTH THAT THEY'RE BUILDING AND I DON'T KNOW, YOU KNOW, WHETHER, WHETHER IT'S GONNA MAKE A DIFFERENCE IN THE BASE, BUT IT WOULD ADD, I MEAN, SO IN MY MIND THAT'S A NEGATIVE, RIGHT? BUT THEN AS IT, WHETHER IT KEEPS UP WITH THE MARKET VALUE, THEN IT MIGHT BE A WASH.

SO WOULD YOU'RE SAYING IT WOULD SKEW THE FEASIBILITY? WELL, THAT'S WOULD BE MY CONCERN IS THAT ALL OF A SUDDEN YOU HAVE SOMETHING THAT'S KIND OF FUNCTIONING AND, UM, AS AN ASSET MORE THAN THE BONE YARD, FOR EXAMPLE, THAT ADDS TO THE BASE.

BUT I DON'T KNOW WHETHER THAT WOULD BE A WASH IN THE, IS THE EXCLUDED PARCEL JUST WHERE THE FACTORY IS, OR IS IT ALSO THE VACANT LINE BEHIND THAT? BECAUSE THAT'S THE SAME OWNER RIGHT? ON THAT RIGHT.

IT'D BE THE VACANT LINE BEHIND IT AS WELL.

BRIAN, DO, CAN YOU TELL MIKE? I JUST WAS GONNA ADD, SEE I CAN WORK.

SO THERE ARE TWO SECTIONS ON THIS MAP THAT ARE STILL IN THE COUNTY.

SO THIS ONE WILL ENTAIL I WORKING WITH THE COUNTY, RIGHT? SO THIS, THIS DISTRICT WOULD REQUIRE THAT ADDITIONAL.

AND THEN IF WE LOOK AT WHAT WE DID WITH EAGLE RIDGE, WE HAD TO DE ANNEX A SECTION, BUT THEN WITH SNAKE RIVER WEST, WE HAD TO ADD THAT.

AND THAT WAS BECAUSE THEY DECIDED THEY DIDN'T WANT TO BE A PART OF THE DISTRICT, WHICH HAS ADDED TWO YEARS TO US GETTING APARTMENTS AND A BRIDGE AT THAT LOCATION.

HAD THAT BEEN IN THE DISTRICT, THAT WOULD BE BILLED, RIGHT? LIKE THE BRIDE SIGNS WOULD'VE BROKE GROUND SUBSTANTIALLY EARLIER THAN THEY HAVE.

SO THOSE ARE THINGS TO WEIGH, RIGHT? AND THAT'S, I JUST WANTED TO SHARE THAT INFORMATION.

YEAH, IT'S A, THERE'S ALL, THERE'S FACTORS GOING BOTH WAYS.

OF COURSE, THE WOULD ONLY HAVE UNTIL 2028 THEN FOR REIMBURSEMENT IF THEY WOULD.

[00:45:01]

GOOD QUESTION.

YEAH, EXCUSE ME.

T TANA MAKES THE POINT THAT, UM, YOU KNOW, TYPICALLY THOSE RIGHT OF WAY IMPROVEMENTS, EVEN IF THEY'RE OWNED BY THE CITY, UH, THROUGH DEVELOPMENT AGREEMENT WOULD BE THE RESPONSIBILITY OF THE, OF THE PRIVATE OWNER.

AND SO THAT'S WHY IT WAS PROBABLY EXCLUDED FROM OURS IS, IS WHEN WE SAY, HEY, YOU KNOW, WE WOULDN'T BE RESPONSIBLE FOR MAKING THOSE IMPROVEMENTS, THAT WOULD FAVOR ANOTHER PRIVATE LANDOWNER.

BUT IN THEORY, BASED ON WHAT BRIAN'S SAYING, UH, IF THERE WERE FUNDS AVAILABLE THROUGH THE DISTRICT THAT THE AGENCY HAD STEWARDSHIP OVER IT, IT COULD PROBABLY MAKE SOME OF THOSE DECISIONS FOR ITSELF.

UM, YOU KNOW, THAT'S A NOT QUESTION FOR ME, BUT, BUT MAYBE ONE FOR MEGAN OR OTHERS, BUT IF IT WERE INCLUDED, YOU, YOU KNOW, RIGHT.

THAT, THAT ONE EXCEPTION IS AN IMPORTANT EXCEPTION OBVIOUSLY WE NEED TO KEEP IN MIND.

UM, BECAUSE THAT DOES MAKE IT, AGAIN, COMPLETELY CLOSE THE LOOP.

WE GOTTA KEEP THAT IN MIND.

THAT'S GOOD.

UM, WHAT OTHER QUESTIONS ABOUT THIS, ABOUT THIS PROPOSAL? THOSE ARE ALL GOOD QUESTIONS.

UH, VERY GOOD.

UH, THANK YOU TARA.

THANK YOU TANA, LET'S MOVE ON.

SO THAT WAS A DISCUSSION OF, UH, ITEM NUMBER FOUR, THE PRESENTATION BY FALL VENTURES.

WE ALSO HAVE AN ACTION ITEM OF RESOLUTION IMPROVING A MEMORANDUM OF UNDERSTANDING WITH FALL VENTURES.

AND I THINK ON THIS ONE, IT'D BE GOOD FOR MEGAN TO REVIEW WHAT SHE'S PREPARED.

MEGAN'S A STEP AHEAD AND HAS US, UH, MEMORANDUM OF UNDERSTANDING THAT WOULD, UM, OUTLINE A PLAN THAT BALL VENTURES COULD START DEVELOPING THIS, THIS PROPOSAL FURTHER, UH, FOR THE NEXT STEPS OF CONSIDERATION OF ELIGIBILITY.

MEGAN, CAN YOU COVER THAT FOR US? SIR? CAN YOU HEAR ME OKAY? YES.

UM, I THINK THE NEXT STEP THEN, UM, IS, UM, MEGAN, COULD YOU READ THE RESOLUTION BY TITLE? CERTAINLY, BUT YOU HAVE BEFORE YOU RESOLUTION NUMBER 24 DASH 13 BY THE BOARD OF COMMISSIONERS OF THE URBAN AGENCY OF IDAHO FALLS, IDAHO, A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE URBAN RENAL AGENCY OF IDAHO FALLS, IDAHO, AKA IDAHO FALLS REDEVELOPMENT AGENCY APPROVING THAT CERTAIN MEMORANDUM OF UNDERSTANDING BETWEEN THE IDAHO FALLS REDEVELOPMENT AGENCY AND SRL DEVELOPMENT LLC FOR THE FUNDING OF AN URBAN RENAL PLAN AMENDMENT TO DNX PARCELS AND TO ESTABLISH A PROPOSED NEW URBAN RENAL DISTRICT DIRECTING THE TERA VICE CHAIR AND SECRETARY TO EXECUTE AND ATTEST THAT AGREEMENT AUTHORIZING THE TERA VICE CHAIR TO EXECUTE ALL NECESSARY DOCUMENTS REQUIRED TO IMPLEMENT THE AGREEMENT AUTHORIZING ANY TECHNICAL CHANGES SUBJECT TO CERTAIN CONDITIONS, AND PROVIDING AN EFFECTIVE DATE.

UH, SO WHAT YOU HAVE IN YOUR PACKET IS A MEMORANDUM OF UNDERSTANDING THAT CONTEMPLATES DEVELOPER FUNDING OF THE ACTIONS THAT ARE BEING REQUESTED TODAY, WHICH SPECIFICALLY IS A DE ANNEXATION OF SPECIFIC PARCELS FROM THE EXISTING RIVER COMMONS DISTRICT AND INCLUDING THEM WITH ADDITIONAL PARCELS FORMING A NEW URBAN RENEWAL DISTRICT.

UM, WHAT THIS MOU DOES NOT COVER, AND I WANNA BE SPECIFIC ABOUT IS IN THE SLIDE PRESENTATION THERE WAS DISCUSSION ABOUT THE USE OF EXISTING DOLLARS WITHIN THE RIVER COMMONS DISTRICT.

THOSE DECISIONS WILL CONTINUE TO COME BEFORE THE BOARD.

IT'S, UH, IT'S NOT COVERED IN THIS MOU.

THIS MOU IS SPECIFICALLY LIMITED TO AMENDING THOSE PARCELS OUT OF THE EXISTING DISTRICT AND PUTTING IT IN A NEW DISTRICT.

SO AS YOU'LL SEE IN SECTION OF THE MLU, THIS IS THE, THE FIRST AMENDMENT TO THE RIVER COMMONS AREA OR RIVER COMMONS PLAN.

THAT, THAT IS THE DE ANNEXATION.

UM, AND THEN, UM, SIMULTANEOUS WITH THE DISCUSSION OF THE DE ANNEXATION, WHICH HAS THE HARD DEADLINE OF THE AGENCY, UH, RESOLUTION, UH, ON THE PLAN THROUGH CITY COUNCIL ORDINANCE, THAT HAS TO BE DONE BY THE FIRST OR THE FOURTH MONDAY OF JULY.

SO WORKING, UH, TOGETHER THROUGH THAT PROCESS, THERE WILL BE THE ELIGIBILITY PHASE ON THE PROPOSED NEW DISTRICTS KIND OF WORKING SIMULTANEOUS WITH THAT DE ANNEXATION PROCESS.

AND THEN, UM, FINALLY TO THE EXTENT ELIGIBILITY IS DETERMINED TO EXIST AND THERE'S DIRECTION TO MOVE FORWARD, THEN SECTION EIGHT COVERS THE ANTICIPATED URBAN RENEWAL PLANNING EFFORT THAT WOULD FOLLOW, WHICH IS THE, THE PLAN NARRATIVE, THE SPECIFIC BOUNDARIES OF THE NEW DISTRICT, AS WELL AS THE ECONOMIC FEASIBILITY STUDY.

UM, FOR PURPOSES OF THE MOU, YOU KNOW, EXHIBIT B DOES SHOW THE PROPOSED NEW BOUNDARY, THE DE ANNEXATION AREA.

THOSE ARE CONTINUED TO BE SUBJECT TO REVIEW CONSIDERATION, UM, BY AND BETWEEN THE, THE AGENCY AND THE FALL VENTURES AFFILIATE ENTITY.

UM, SO WE CAN CONTINUE TO HAVE THOSE DISCUSSIONS AS TO WHETHER OR NOT INCLUDE THAT AREA THAT'S OUT THAT'S CURRENTLY IN THE COUNTY OR EVEN JUST INCLUDING, UH, THE RIGHT OF WAY EXTENSION THROUGH THAT AREA.

SO WE CAN CONTINUE TO WORK ON THAT AS WE MOVE FORWARD.

THIS IS JUST VERY MUCH A FIRST STEP IN THE PROCESS, SO HAPPY TO STAND FOR ANY QUESTIONS.

ALL RIGHT, VERY GOOD.

SO THREE COMPONENTS OF, OF, UH, VALUE THAT WOULD BE, THAT ARE BEING

[00:50:01]

AGREED TO HERE.

ONE IS THE DE ANNEXATION.

IT'S GOT AN ESTIMATE OF 20,000.

THE DEVELOPER WOULD HAVE TO PAY TO DO THAT AND THE ELIGIBILITY REPORT WOULD BE AN ESTIMATE OF $8,000 THE DEVELOPER WOULD PAY AND, AND GET PAST THAT POINT.

THE THIRD PART IS THE ANTICIPATED URBAN RENEWAL PLAN, WHICH IS AN ESTIMATED AMOUNT OF 27,000 THE DEVELOPER WOULD PAY.

UM, SO THOSE ARE THE THREE BIG COMPONENTS THAT WE'RE LOOKING AT FROM MOVING FORWARD.

ANY QUESTIONS ABOUT THE MOU? HAVE WE GOT ESTIMATES FROM THE PEOPLE WHO DO THE ELIGIBILITY STUDY ON THE COST OF IT? I DON'T BELIEVE SO.

MEGAN, CAN YOU ANSWER THAT QUESTION? THAT'S JUST BASED ON PAST AND NOT, NOT NECESSARILY A DIRECT ESTIMATE FROM ANY OF THE PROVIDERS.

YES, THAT THAT'S CORRECT.

MR. CHAIR COMMISSIONERS THERE ARE DIRECT ESTIMATES FOR THE SCOPE OF WORK, BUT IT'S VERY IN LINE WITH WHAT WE HAVE SEEN FROM PRIOR PROJECTS.

UM, ON THIS ONE I WOULD ANTICIPATE, UH, DIRECTION BEING, UH, PROVIDED.

SO WE WOULD COME BACK AT THE JANUARY MEETING WITH FORMAL TASK ORDERS TO BE CONSIDERED BY THE BOARD.

UM, BUT IN THE INTERIM, THE MOU PROVIDE SOME FLEXIBILITY ON THE ADVANCED FUNDING OF THOSE EFFORTS WITH THE OPPORTUNITY TO TRUE UP WITH, UH, BALDERS.

MEGAN, EXPLAIN TO US JUST A LITTLE BIT ABOUT THE SCHEDULE TWO, UM, WHAT THIS, UH, DOING THIS THIS MONTH, HOW DOES THAT, HOW DOES THAT GET US GOING ON THE SCHEDULE AND CALENDAR STEPS TOWARDS, UH, DETERMINATION OF ELIGIBILITY AND APPROVAL OR PLAN? YES, THANK YOU MR. CHAIR.

COMMISSIONER AS, AS BRIEFLY MENTIONED, THAT THE DE ANNEXATION TIMELINE, THE FIRST AMENDMENT TO TAKE THOSE PARCELS OUT AT THE EXISTING DISTRICT IN ORDER TO GET THOSE OUT AND BACK ON THE TAX RULES AND IN ORDER TO INCLUDE THEM IN A NEW DISTRICT IN THE SAME CALENDAR YEAR, THAT DE ANNEXATION HAS TO BE FULLY THROUGH THE PROCESS, WHICH MEANS THE FIRST AMENDMENT HAS TO COME BEFORE THE AGENCY BOARD AND THEN ULTIMATELY HAS TO GO THROUGH THE CITY COUNCIL ORDINANCE APPROVAL APPROVAL PROCESS, WHICH INCLUDES ALL OF THE NOTIFICATION REQUIREMENTS TO THE OVERLAPPING TAXING DISTRICTS AND THE PUBLICATION REQUIREMENTS FOR THE PUBLIC HEARING.

ALL OF THAT WORK HAS TO BE, UH, COMPLETED BY THE FOURTH MONDAY OF JULY.

AND SO THIS, UH, HAVING THIS BE CONSIDERED BY THE BOARD NOW, UH, JUST PROVIDES EARLIER DIRECTION TO ALLOW, UH, A KICKSTART OF THAT DENOTATION PROCESS TO ALLOW SOME FURTHER TIME TO GET US ALL THE WAY THROUGH THE, THE PROCESS.

ALRIGHT, VERY GOOD.

ANY OTHER QUESTIONS ABOUT THE MOU?

[5. ACTION ITEM: Resolution Approving the Memorandum of Understanding with Ball Ventures for a Proposed Urban Renewal District]

VERY GOOD.

IS THERE A MOTION TO APPROVE RESOLUTION 2024 TO 13? I WOULD MOVE THAT THIS BOARD FOR THIS COMMISSION.

UM, APPROVED RESOLUTION 2024 DASH 13 SECOND.

IS THERE ANY FURTHER DISCUSSION? ALL IN FAVOR SAY AYE.

ANY OPPOSED? SAY NAY.

ALL A MOTION PASSES.

ALRIGHT, VERY GOOD.

WE APPRECIATE YOUR PRESENTATION.

UM, PAUL VENTURE, WE APPRECIATE ALL YOU'VE DONE FOR OUR COMMUNITY AND YOUR EFFORTS.

CONTINUE TO, TO MAKE THIS AREA GREAT.

SO WE KNOW IT'S BEEN A LOT OF HARD WORK AND WE APPRECIATE, APPRECIATE ALL YOU DO.

ITEM ON THE AGENDA IS THE UPDATE ON THE YELLOWSTONE SQUARE PLAN.

UM, NEXT

[6. DISCUSSION ITEM: Update on Yellowstone Square Plan]

UH, BRETT, CAN YOU TAKE OVER ON THAT ONE? I'LL LET WADE TAKE THAT.

SURE.

YEAH, THERE'S JUST A LITTLE BIT TO REPORT THAT, UH, THE YELLOWSTONE SQUARE PLAN WENT TO THE CITY COUNCIL ON DECEMBER 12TH.

IT WAS APPROVED UNANIMOUSLY BY THE CITY COUNCIL.

UH, THE ORDINANCE, UH, TO ADOPT THE PLAN ALSO WAS SIGNED BY THE MAYOR THAT SAME EVENING.

[00:55:01]

SO IT'S JUST CONTINUING TO MOVE FORWARD AND WE WERE TRYING TO GET AND MAKE IT MAKE CORRECT, UH, CORRECT ME.

WE'RE TRYING TO GET THAT ALL WRAPPED UP BY THE END OF THE YEAR, IF I REMEMBER RIGHT.

BUT, UM, YEAH, SO IT JUST CONTINUES TO MOVE ON.

SO DO WE HAVE ANYTHING, UH, IN THE WORKS AS FAR AS, UH, UH, ON PARTICIPATION PROJECTS? THE, YEAH, THE OPA, UM, SORRY, LEMME PULL UP MY, UH, EMAIL.

WE HAVE THE OPA DRAFTED CORRECT MEGAN, BUT IT, IT IS NOT BEEN SENT.

UM, THANK YOU MR. CHAIR.

UH, MR. SANDER COMMISSIONERS.

SO THE STATUS IS WE WANTED TO MAKE SURE THAT THE DISTRICT IS FULLY THROUGH THE PROCESS AND ESTABLISHED, AND ONCE THAT'S, UH, DONE, UM, AND, AND JUST SO YOU'RE AWARE THAT THE ORDINANCE SUMMARY WAS PUBLISHED, THE ORDINANCE WAS RECORDED AND TRANSMITTALS HAVE BEEN MADE.

SO WE ARE NEARING THE END OF THAT.

WE, UH, WILL THEN PROBABLY JANUARY, FEBRUARY START WORKING WITH DEVELOPER ON THE OWNER PARTICIPATION AGREEMENT TO BRING BACK TO THE BOARD.

UH, WHAT SPECIFICALLY HAVE THEY BEEN TALKING ABOUT IN THAT AREA? UH, THEY'VE MENTIONED A GAS STATION.

THERE'S SOME RETAIL ESTABLISHMENTS AND THEN THERE'S A WAREHOUSE, UM, BACK BEHIND THE, UM, THE EXISTING, THE OLD FRED MEYER BUILDING.

SO IT'D BE UP ON THAT LAB AT HOME? YEAH.

AND THEN THE, AND THEN THE CAR WASHES WILL BE UP ALONG YELLOWSTONE.

IT'S RIGHT UP AGAINST THE PROPERTY LINE UP THERE.

AND THEN THE OTHER ONES ARE FORTHCOMING AS TO THE, WHERE THE OTHER RETAIL ESTABLISHMENTS WILL BE ON THE SIDE.

MR. STANDARD COMMISSIONERS.

SO WOULD THESE, WOULD THESE ALL BE SEPARATE LPAS, THESE INDIVIDUAL CONSTRUCTION? I WOULD DEFER TO, I DON'T BELIEVE THEY ARE, BUT I WOULD DEFER TO MEGAN OR THEY GET GROUPED TOGETHER.

UH, I THANK YOU MR. CHAIR.

SO THE OPA WOULD COVER THE ANTICIPATED ELIGIBLE PROJECTS AND BECAUSE THOSE ARE, WILL BE MADE THROUGHOUT THE SITE AND PERHAPS EVEN ALONG THE RIGHT OF WAY THERE IS JUST ANTICIPATED TO BE ONE OPA WITH THE OVERALL DEVELOPMENT GROUP.

ANYBODY ELSE HAVE ANY QUESTIONS ON Y'ALL'S PHONE? OKAY.

THANK YOU MEGAN.

MR. CHAIR, I'LL TURN BACK OVER TO YOU.

MEGAN, ANY UPDATE ON RAII KNOW WE'RE ENTERING INTO LEGISLATIVE SESSION SEASON NOW, AND I KNOW THERE'S BEEN COMMITTEE, UH, VOTES AND WHAT DO WE, WHAT DO WE FORESEE FOR NEXT MONTH? UH, YES, THANK YOU, MR. CHAIR.

UM, THANK YOU BRENT.

UM,

[8. DISCUSSION ITEM: RAI and Legislative Update]

COMMISSIONERS, UH, QUITE A BIT OF ACTIVITY.

AT THE BEGINNING OF MONTH, THE ASSOCIATION OF IDAHO CITIES HAD THEIR WINTER SESSION AS WELL AS THE ASSOCIATED TAXPAYER OF IDAHO.

UM, THEY HAD THEIR BIG, UH, ALL DAY MEETING.

UM, AND JUST FOLLOWING THAT THERE WERE THE LEADERSHIP DECISIONS AND COMMITTEE ASSIGNMENTS.

SO WE DO HAVE A GOOD UNDERSTANDING, UH, FOR OUR GERMAINE COMMITTEES ON THE SENATE SIDE OF LOCAL GOVERNMENT IN TAX.

THE CHAIR WILL, UH, REMAIN DOUG RICKS, UH, SENATOR RICKS IS, UH, AT, FROM THE REXBURG AREA.

AND THEN ON THE, ON THE HOUSE SIDE, THE HOUSE REP AND TAX COMMITTEE IS CHAIRED BY, UH, UH, MR. CANNON.

UH, AND I BELIEVE HE IS FROM THE BLACKFOOT AREA.

I DON'T WANT TO SPEAK THERE.

UM, SO I'LL NEED TO DOUBLE CHECK THAT.

BUT AT THIS POINT, WE DO HAVE A GOOD UNDERSTANDING OF THE LEADERSHIP AND THE MAKEUP OF THE COMMITTEES, UM, STILL WORKING TO TRY AND FIGURE OUT WHAT WILL BE THE SESSION PRIORITIES.

UM, WHAT I'M HEARING IS, IS URBAN RENEWAL LEGISLATION MAY ALWAYS BE ON THE TABLE, BUT IT MAY NOT BE THE HIGHEST PRIORITY FOR THIS SESSION.

SO WE'LL CONTINUE TO TO MONITOR.

[9. Next Meeting: January 16, 2025]

OUR NEXT MEETING IS SCHEDULED FOR JANUARY 16TH, 2025.

IS THERE A MOTION TO ADJOURN? SO WHO THERE? SECOND.

SECOND.

ALL IN FAVOR SAY AYE.

ANY OPPOSED? SAY NAY.

ALL RIGHT.

OUR MOTION MEETING IS ADJOURNED.