[4. ACTION ITEM: Consider Perspective Planning & Consulting’s request for an hourly rate increase under the existing Professional Services Agreement, effective February 1, 2025.]

REQUEST FOR PROSPECTIVE PLANNING FOR AN HOURLY RATE INCREASE. MR. KRAMER, DO YOU WANT TO SPEAK TO THAT? NO, NO, NO. YEAH. IT'S AWKWARD TO SPEAK ABOUT IT, BUT AS THIS NEW PROSPECTIVE PLAN IS BECOMING A FULL TIME VENTURE, I'VE TRIED TO DO A LITTLE BIT MORE MARKET RESEARCH ON WHAT A TYPICAL RATE WOULD BE FOR THIS TYPE OF PLANNING SERVICE, AND I. THE SHORT ANSWER IS IT RANGES.

THERE ARE CERTAIN THINGS THAT I DO THAT SOME FIRMS WOULD CHARGE, YOU KNOW, WELL OVER $200 AN HOUR FOR IT OR SOME THINGS THEY DO, THEY CHARGE CLOSE TO $200 AN HOUR FOR. BUT THE CLOSEST I'VE BEEN ABLE TO FIND IS ROUGHLY IN THAT 175 FOR, YOU KNOW, PROJECT MANAGEMENT, REPORT WRITING, ANALYSIS, THAT KIND OF THING. SO I STAY BELOW THAT AND RECOGNITION THAT THERE ARE THINGS THAT I DO THAT ARE NOT THAT ARE NOT THERE AT A HIGHER RATE. SO I'M TRYING TO FIND THAT BALANCE. BUT THAT'S THE SHORT EXPLANATION. I'D BE HAPPY TO ANSWER ANY QUESTIONS. I THINK IT'S AN AWKWARD REQUEST, BUT THERE IT IS. VERY GOOD. THANK YOU. BRAD, WHY DON'T YOU TELL US JUST A LITTLE BIT ABOUT WHAT YOU'RE DOING? I MEAN, I KNOW YOU WERE WITH THE INL, AND NOW YOU'RE YOU YOU'RE MOVING FROM THAT AND DOING OTHER THINGS. TELL US WHAT PROSPECTIVE PLANNING IS DOING AND JUST WHAT YOUR MARKET IS AND HOW WHAT YOUR WHAT YOUR PLANS ARE. SURE, I'D BE HAPPY TO. AND I'M STILL TRANSITIONING OUT OF BY NOW. I'M STILL THERE PART TIME FOR A FEW MORE WEEKS, BUT AS THAT TRANSITIONS OUT, THERE ARE THREE AREAS OF FOCUS THAT I THAT I'M LOOKING FOR. NUMBER ONE IS I DO A FAIR AMOUNT OF URBAN RENEWAL WORK, OBVIOUSLY FOR YOUR AGENCY.

ALSO SOME OTHERS IN THE AREA ALSO ASSISTING CITIES, IN PARTICULAR FOCUSING ON SMALL COMMUNITIES THAT MAY NOT HAVE A PLANNING STAFF THAT NEED A PROFESSIONAL PLANNING SERVICES, WHETHER THAT'S PLAN WRITING, CODE UPDATES, PLAN REVIEW, WHATEVER I CAN DO TO SUPPORT THAT EFFORT. AND THEN THIRD IS IN DISCUSSIONS WITH ENGINEERING FIRMS AND DEVELOPERS REGARDING ENTITLEMENT WORK AND REALIZING THAT THAT'S A INTERESTING LINE TO WATCH OR TO WALK SO THAT I'M NOT CONFLICTING MYSELF OUT OF THE CITY SIDE. WHICH IS WHY ONE OF THE REASONS I FOCUS ON

[00:05:01]

SMALLER JURISDICTIONS. OKAY. VERY GOOD, VERY GOOD. ANY OTHER QUESTIONS FOR BRAD? OKAY. THANK YOU. BRAD. SO ANY ANY THOUGHTS ON THAT? THE NEW ARRANGEMENT. WITH THAT RATE OF $165 AN HOUR.

WELL, FROM MY PERSPECTIVE, FROM HAVING DONE SIMILAR WORK, IT'S ENTIRELY REASONABLE IN MY OPINION. AND IT'S SIMILAR WORK. YEAH. AS IN YOUR APPRAISAL WORK. AND TELL US ABOUT THAT. WELL, WHENEVER WE HAD HOURLY WORK, YOU KNOW, YEARS AGO, PROBABLY TEN YEARS AGO, WE WERE WE SET OURS AT $150 AN HOUR. SO THAT WAS QUITE A WHILE AGO, QUITE OBVIOUSLY QUITE SOME TIME BEFORE BRAD'S ISSUES COME UP. SO AGAIN, IN MY OPINION, WITH INFLATION AND SO FORTH, I THINK WHAT HIS REQUEST IS, IS ENTIRELY REASONABLE. OKAY. YEAH, I WOULD SAY MANY OF US ARE IN PROFESSIONAL SERVICE INDUSTRIES, AND I THINK THAT THAT RAISES VERY, VERY REASONABLE. I WOULDN'T BE OPPOSED TO IT AT ALL. OKAY. YEAH, I THINK THAT'S CERTAINLY I CERTAINLY DON'T WANT TO SEE MY RATES. SO YEAH, I THINK THAT'S REASONABLE AS WELL. ANY ANY OTHER COMMENT. ALL RIGHT. IS THERE A MOTION TO APPROVE. A MOTION TO APPROVE THE RATE THAT'S BEEN PRESENTED BY.

VERY GOOD. IS THERE A SECOND? I SECOND THAT. ALL IN FAVOR SAY AYE. AYE. ANY OPPOSED? SAY NAY.

ALL RIGHT. THAT MOTION PASSES UNANIMOUSLY. ALL RIGHT. THE NEXT ITEM ON THE AGENDA IS A

[5. DISCUSSION ITEM: Discussion with Ball Ventures Requesting Funding for a Project in the River Commons Urban Renewal District]

DISCUSSION WITH BALL VENTURES REQUESTING FUNDING FOR A PROJECT IN THE RIVER COMMONS URBAN RENEWAL DISTRICT. IS THAT TERRY CHRISTIAN? WHO? WE HAVE ALL OF YOU HERE. IT'S GREAT TO HAVE ALL OF YOU. WHO WANTS TO SPEAK TO IT? I THINK THAT'S ME. I THINK EVERYONE IS FAMILIAR WITH YOUR STAFF TO, BUT YOU MIGHT WANT TO INTRODUCE IT AGAIN FOR THE RECORD. GREAT. TERRY BALL VENTURES 2194 SNAKE RIVER PARKWAY, IDAHO FALLS. WITH ME IS CHRISTIAN TAYLOR AND TANA BARNEY. DEVELOPMENT AND CONSTRUCTION MANAGEMENT. WE'RE HERE TO FOLLOW UP. WE WERE HERE.

MOST RECENTLY IN FRONT OF YOU IN IN THE DECEMBER MEETING. AND WE WANTED TO FOLLOW UP MOSTLY GIVE AN UPDATE AS TO THE PROGRESS WE'VE MADE OR HAVEN'T MADE ON THE PROPOSAL TO DE-ANNEX A PORTION OF THE CURRENT RIVER COMMONS URBAN RENEWAL PLAN. I THINK, IF I'M NOT MISTAKEN, I THINK THERE IS A SLIDE DECK. NO, I THINK WE HAVE IN OUR PACKET. OKAY. IS THIS WHAT WE'RE SUPPOSED TO HAVE? IS PERFECT. OKAY. ALL RIGHT. THANK YOU. SO THIS THIS FIRST SLIDE DEPICTS THE AGAIN WHAT WE WHAT WE COLLOQUIALLY CALL THE BONEYARD. IT'S THAT AREA OF NOT I WON'T CATEGORIZE IT AS CONTAMINATED, BUT IT'S THAT AREA OF, OF SOILS THAT THAT NEEDS TO BE REMEDIATED. IT'S THE IT'S THE SITE OF THE OLD ROCK PLANT. AND THERE'S A LOT OF CRUSHED DEBRIS, CONCRETE AND MISCELLANEOUS ITEMS THAT NEED TO BE REMOVED. THE WORK THAT THE SCOPE OF WORK THAT WE ORIGINALLY REQUESTED IS, IS THIS ENTIRE AREA. BUT WHAT WE'RE FOCUSED ON IS KIND OF THE NORTHERN HALF. YOU SEE WHITEWATER TO THE LEFT. AND IF YOU WERE TO IMAGINE IT RUNNING THROUGH AND BISECTING THE NORTH AND SOUTHERN HALF OF THIS, WE'RE REALLY FOCUSED ON REMEDIATING THAT, THAT NORTHERN HALF. AND SO THAT NORTHERN HALF WOULD STAY IN THE CURRENT DISTRICT AND THE SOUTHERN HALF WOULD BE REMEDIATED. AND TO BE CLEAR, THE WORK THAT WOULD COMMENCE THAT WE'RE PROPOSING WOULD BE SPECIFIC TO THAT NORTHERN HALF. THE REALITY IS, IS THAT OUR CURRENT ESTIMATE WILL HAVE TO CORRECT ME IF I'M WRONG. BUT THE NEXT SLIDE, PLEASE. ONE MORE, ONE MORE. IT IS APPROXIMATELY, WELL, ABOUT $2.6 MILLION. AND AGAIN, THAT'S THAT'S JUST THE WORK REQUIRED TO PULL OUT AND RELOCATE A LOT OF THAT MATERIAL THAT THAT IS OBSTRUCTING DEVELOPMENT. SO WE VIEW THIS AS THE ONLY WAY THAT THE EXTENSION OF MILLIKIN TO THE SOUTH IS,

[00:10:04]

CAN, CAN BE ACCOMPLISHED, AT LEAST FROM A PRIVATE SECTOR SID, IS TO, TO USE THESE FUNDS THAT ARE AVAILABLE OR MAY BE MADE AVAILABLE FROM THE AGENCY TO HELP US REMOVE ALL OF THAT.

DELIGHTED THAT ALL OF THAT BLIGHT THAT'S THAT'S UNDER THE SOIL. SO FROM OUR FROM OUR VIEWPOINT, IT'S ABSOLUTELY CRITICAL IF, IF WE'RE GOING TO EVER MAKE THE WHITEWATER MILLIGAN EXTENSION THAT THIS WORK COMMENCE. BUT FROM AN ECONOMIC STANDPOINT, IT'S SIMPLY NOT FEASIBLE WITHOUT SOME PARTICIPATION OF THESE FUNDS. SO WE APPRECIATE THE CONSIDERATION AND HAPPY TO ANSWER ANY QUESTIONS THAT THERE MIGHT BE. ANOTHER COUPLE SLIDES. YES. SO FOR THE RECORD, THIS IS A CONCEPTUAL PLAN. IT THE ORIENTATION OF IT IS ACTUALLY THE NORTH IS FACING TO THE RIGHT. SO AS IT'S DEPICTED THERE YOU CAN SEE THE SNAKE RIVER TO THE WHICH IS SHOWN ON THE SOUTH, BUT IT ACTUALLY RUNS NORTH AND SOUTH HERE. SO, SO THAT WHITEWATER EXTENSION IS WHAT WE'RE SHOWING COMING THROUGH FROM THE TOP OF THE PAGE DOWN.

AND THEN IT'S BISECTION WITH MILLIGAN IS HOW WE ARE CURRENTLY PLANNING THAT. AND AGAIN, HIGHLIGHTING THE POINT THAT WE DON'T BELIEVE ANY OF THAT IS FEASIBLE WITHOUT SOME PARTICIPATION FROM THE AGENCY. THE SCOPE OF THAT ADDITIONAL WORK THAT IS OUTSIDE THE EXISTING DISTRICT WOULD HAPPEN AT A LATER DATE. BUT UNLOCKING BEING ABLE TO REMEDIATE THIS SITE IS WHAT WILL ALLOW US TO MAKE THOSE CONNECTIONS FOR FUTURE DEVELOPMENT PURPOSES. I THINK THERE'S MAYBE ONE MORE OR NO. IS THAT IT? OKAY. I DON'T I DON'T KNOW IF YOU IF THIS MEETING SHOULD DISCUSS THE FUTURE DISTRICT OR NOT, BUT LET'S SEE. WE'VE GOT IT AS NUMBER FIVE IS THE DISCUSSION OF THE REQUESTING FUNDING FOR THE PROJECT. SIX IS THE SUPPLEMENTAL ECONOMIC FEASIBILITY STUDY REGARDING THE ANNEXATION OF THE AREA. AND THEN NUMBER SEVEN IS THE RIVERWALK DISCUSSION, WHICH IS YEAH, IT'S A WALKER. SO WE STILL GOT THE ANNEXATION. HOW WAS THAT? HOW ARE WE DIVIDING THAT? MEGAN, ARE YOU THERE? I AND I AND I DO THINK WE HAVE A MAP FOR THAT ANNEXATION. I THINK THAT WAS THE SECOND SLIDE THAT I APOLOGIZE. I SHOULD HAVE REHEARSED. MEGAN, I THINK I CAN JUST COMBINE ITEMS FIVE AND SIX, CAN'T I? OH. OH, SORRY. YOU'RE.

WE CAN'T HEAR YOU. MEGAN. MEGAN. MEGAN. YEAH. YOU'RE ON MUTE. MEGAN. WE CAN'T HEAR YOUR AUDIO.

OKAY. LET'S. MEGAN. WE'RE WAITING TO GET YOUR AUDIO GOING. OKAY, LET'S GO ON ON THAT. LET'S GO. JUST FINISH QUESTIONS ON THIS QUESTION. YOU'VE GIVEN US SOME DATA HERE ABOUT THIS PROJECT AND ABOUT CLEANING UP THIS AREA. YOU'VE GOT THIS NEW. H BID. MR. RADFORD, IF I IF I MAY TRY ONE MORE POINT ON, ON THAT ON THAT SECOND SLIDE, JUST TO SHOW THE PROPERTY BOUNDARY THAT WE'RE PROPOSING FOR ANNEXATION. YEAH. THAT WOULD THAT WOULD HELP. I DON'T KNOW THAT IT'S. YES. ON PAGE SIX OF THE NEXT. EVEN IN THIS DRAFT. PAGE SIX THAT SHOWS THE MAP OF THE NEW. PAGE AND THEN IT'LL SHOW ALL THE DIVISIONS THAT THAT'S THE PRIMARY SLIDE. NO, NO, PLEASE. SORRY. GO GO GO. I THINK THERE'S I THINK DO YOU MIND IF I LOOK OVER HERE UNDER THE NEXT. PLEASE. SORRY. THIS IS IN OUR NEXT SET OF PAPERS. OH, OKAY. YES. IT LOOKS A LITTLE DIFFERENT THAN MINE, BUT. AND DO YOU HAVE THAT ATTACHMENT BY THE UNIT WAS IN OUR PACKET? YEAH.

I'M TRYING TO GET THAT ONE. OKAY. ALL RIGHT, WELL, LISTEN WHAT WE'RE TRYING TO GET MEGAN ON. THIS ONE, I APPRECIATE. THERE'S MEGAN, THIS THIS IS THE SLIDE YOU HAVE. APOLOGIES. ALL

[00:15:09]

RIGHT. MEGAN, CAN WE HEAR YOU NOW? HOLD ON. LET'S JUST SEE IF I. WE STILL CAN'T HEAR YOUR AUDIO. GOING BACK TO THE ORIGINAL PART OF YOUR DISCUSSION. SO THE CLEAN UP AREA I'M LOOKING AT THIS THIS EXHIBIT HERE. SO IT'S NOT EXACTLY DOWN TO WHERE WHITEWATER WOULD COME ACROSS, BUT IT IS THIS SOLID RED AREA. CORRECT. IT IS THE SOLID RED AREA. AND IT'S OUR BEST DEPICTION AS OF TODAY. OKAY. TO BE ALIGNED AND ADJACENT WITH WHITEWATER. SO I THINK THAT THERE'S SOME ADDITIONAL. SO, YOU KNOW, SURVEYING WORK THAT NEEDS TO HAPPEN TO, TO GET THE MOST ACCURATE LINE. BUT, BUT IT'S, IT'S OUR INTENT FOR IT TO BE ADJACENT TO THE EXTENSION OF WHITEWATER. OKAY. SO THAT ROUGH TRAIL DOWN TO THE RIVER ISN'T NECESSARILY GOING TO BE WHERE WHITEWATER IS GOING TO BE. ISN'T. THERE'S A SITUATION. SO SORRY. SO WE'RE NOT NECESSARILY TALKING ABOUT THIS BEING WOULD YOU SAY THAT'S CORRECT. THAT'S CORRECT. OKAY. YEAH THAT. THE SHOWN ON THAT ONE AERIAL MAP IS THIS DIRT TRAIL. AND THAT'S NOT INTENDED TO BE AN OFFICIAL GUIDANCE FOR WHITEWATER PATH. THAT'S JUST A WORK TRAIL THAT OUR VEHICLES HAVE CREATED OVER THE YEARS. OKAY. ALL RIGHT. LET'S GO. QUESTION HERE. WE'VE GOT THIS BID FROM HC AND WE'LL GET TO THE HEART OF THE THING. 2.575 MILLION. AND THIS IS THIS BASED ON A PARTICULAR AREA THAT'S GOING TO BE REDUCED TO A CERTAIN HEIGHT AND ELEVATION. IT'S THE RED AREA. IT'S THE RED AREA HERE ON THIS. IT'S THE RED AREA. THAT'S ALL. SHADED IN RED. IT'S COMPLETELY RED. CORRECT.

OKAY. CAN YOU HEAR ME, ANNE? YEAH. THERE. WE GOT YOU. MEGAN. YOU OKAY? OKAY. AND. OKAY.

MEGAN. HOLD ON JUST A SECOND. ONE OTHER QUESTION. SO THAT RED AREA AGAIN. SO THIS GETS INTO, YOU KNOW, WE'RE SPENDING MONEY. WE WANT TO CREATE AN AREA THAT WE CAN DEVELOP BETTER. AND THE MONEY YOU KNOW, WE'VE GOT A CERTAIN AMOUNT OF MONEY IN THIS IN OUR THAT WE'VE SAVED UP. IS THAT ENOUGH AREA TO ACTUALLY BUILD ANYTHING. WHAT I MEAN, I KNOW WE'RE ALSO DOING THE TWO STAGE THING WITH THE NEW AREA, WITH THIS OLD AREA. THEN WE ACTUALLY START BUILDING SOMETHING, OR IS IT JUST GOING TO BE AVAILABLE FOR BUILDING? IT WILL BE AVAILABLE FOR BUILDING, BUT WE DO HAVE A FRANCHISE AGREEMENT WITH A HOTEL THAT WE HAVE UNDER CONTRACT, OR THAT WE HAVE AN OPTION ON THAT. IT WOULD BE PROBABLY THE FIRST THING THAT WE WOULD LOOK TO DO IN THIS IN THIS AREA. BUT MORE THAN BUT BUT IT'S PRIMARILY THAT WITHOUT THE REMEDIATION OF THIS SITE, THERE'S NOTHING THAT WE CAN EVEN BEGIN TO LOOK AT PROSPECTIVELY DUE TO THE COST OF, OF GETTING GOOD SOIL. RIGHT. OKAY. HERE'S ANOTHER QUESTION. I HAVEN'T THOUGHT THROUGH THIS COMPLETELY.

I MEAN, WE'RE KIND OF CREATING A DISINCENTIVE. IF WE IF WE PAY THIS AND WE CLEAR THIS LAND, BUT THEN LIKE A HOTEL LIKE THAT, YOU'D PROBABLY WANT IT IN THE NEW. THERE'D BE AN INCENTIVE TO PUT IN THE NEW AREA WHERE THE FUNDS WOULD COME BACK TO YOU. IF YOU PUT IT IN THIS OLD AREA, THE FUNDS WON'T COME BACK TO YOU BECAUSE IT WILL BE IN THE OLD AREA. BUT YOU THOUGHT THROUGH HOW WE'RE GOING TO DEAL WITH THAT. WE HAVE TWO HOTELS PLANNED, AND SO WE DO HAVE ONE PLANNED IN THE TO THE SOUTH ALONG SUNNYSIDE. AND WE HAVE ONE HERE. WHAT WE LIKE ABOUT DOING ANOTHER HOTEL HERE IS ITS PROXIMITY TO THE EXISTING HOME TOO. AND SO IT'S ABOUT POINT YOU'RE MAKING, MR. RADFORD. BUT OUR LONG TERM GOAL IS TO DO TWO ADDITIONAL HOTELS IN SNAKE RIVER LANDING. OKAY. AND USE IN THAT WHITEWATER BECOMES A REALLY STRONG DRIVE ACCESS POINT FROM FOR CIRCULATION IS BECAUSE WE'RE MAKING A WHITEWATER EXTENSION OVER THE CANAL THAT WILL CONNECT TO THE MOUNTAIN AMERICA CENTER. AND SO GIVEN THE PERFORMANCE OF OUR EXISTING HOTEL, THAT IS IMMEDIATELY TO THE WEST OF THE SUBJECT PROPERTY, SPECIFICALLY THAT SHADED RED AREA, WE HAVE A HOME TWO THERE, GIVEN ITS PERFORMANCE AND THE EXTENSION OF WHITEWATER AND ULTIMATELY CONNECTING TO MILLIGAN, WE THINK IT'S A VERY STRONG LOCATION FOR HOSPITALITY. BUT BUT WE ALSO DON'T THINK IT'S A IT'S AN OPTION IF UNDER THE CURRENT CONDITIONS OF THE SITE. OKAY.

[00:20:06]

ALL RIGHT. THAT'S GOOD. AND THEN ANOTHER JUST OTHER BACKGROUND QUESTIONS ON THIS. THIS HK BID.

THIS IS HAULING IT OFF TO WHAT LOCATION NOW. SO THERE'S TWO LOCATIONS I'VE BEEN WORKING WITH PJ IS HE NEEDS SOME FILL DOWN BY RYDER PARK. AND IF YOU WANT TO PICK HIM UP. JUST SO THANK YOU.

SO THEN WE'RE GOING TO PJ AND PARKS TAKING SOME OF THE FILL. AND YOU CAN SEE THAT QUANTIFIED HOW MUCH HE NEEDS DOWN BY RYDER PARK. OFF THE LOSS TO PROJECT TO FILL UP THAT AREA. AND THEN THE REST WOULD GO TO THE HATCH PIN OKAY. SO THAT'S WHY IT'S BROKEN OUT INTO OKAY. SO WE HAVE SAVED SOME MONEY BY GETTING IT FAIRLY CLOSE. YES. SOME OF IT OKAY. SOUNDS GOOD. OKAY. NOW MEGAN. SO WE'VE WE'VE ASKED SOME QUESTIONS ABOUT THIS AND PROBABLY I NEED TO OPEN IT UP FOR EVERYONE ELSE TO ASK QUESTIONS ABOUT THIS ITEM NUMBER FIVE, WHICH IS THE FUNDING FOR THE PROJECT IN RIVER COMMONS. WHY DON'T YOU GIVE US YOUR INTRODUCTION NOW? I CAN YOU HEAR ME? OKAY. NOW. YES. THANK YOU. OKAY. THANK YOU, MR. CHAIR. COMMISSIONERS. SO I THINK IT'S OKAY TO TALK ABOUT THE OVERLAY OF THE DEANNEXATION FOR PURPOSES OF TALKING ABOUT THE SCOPE OF WORK THAT IS BEING REQUESTED HERE WITH THE REMOVAL OF IMPEDIMENTS TO THE SITE, BECAUSE I DON'T HAVE ON MY SCREEN THE OVERLAY OF THE DEANNEXATION AREA, BUT A PORTION OF THE ANNEXATION IS GOING TO CONSIDER, I BELIEVE, THAT AREA THAT'S SOUTH OF WHITEWATER, IS THAT CORRECT? SO A PORTION OF THE AREA WITH THE IMPEDIMENTS THAT REMAIN WILL BE INCLUDED IN THE NEW DISTRICT. SO WE'RE ONLY TALKING ABOUT HALF REMEDIATING HALF OF THE AREA WITH THE REQUESTED FUNDS IN THE PRESENTATION TODAY. I JUST WANT TO MAKE SURE THAT THAT'S WHAT I'M UNDERSTANDING. YES. THAT'S CORRECT. OKAY. PERFECT. YEAH. SO THE DISCUSSION ON THE ANNEXATION FURTHER DOWN IS A LITTLE BIT OF A DIFFERENT TOPIC THAN THE PROPOSAL THAT'S BEFORE US TODAY. SO I THINK IT'S APPROPRIATE TO KEEP THOSE TWO SEPARATE. OKAY. ALL RIGHT. THAT SOUNDS GOOD. ALL RIGHT. LET'S OPEN IT UP FOR QUESTIONS PROBABLY ABOUT THIS ITEM NUMBER FIVE WHICH IS THE FUNDING FOR REMOVAL OF THE ROCK IN THIS AREA. IN THE EXISTING RIVER COMMONS AREA. ANY QUESTIONS ABOUT THAT? I THINK I KNOW THE AREA YOU'RE TALKING ABOUT. AND I GUESS MY QUESTION WOULD BE THERE WHERE YOUR LAST BUILDING IS SITTING ALONG THAT ROAD, THERE'S QUITE AN INCLINE, SO THERE'S A HUGE GRADE UP ALONG WHERE YOU'RE TALKING ABOUT. SO IS THIS JUST REMOVING THE DEBRIS OR IS THIS ACTUALLY IMPROVING THE GRADING TO A CERTAIN LEVEL OF THAT AREA? IT'S A GREAT QUESTION. AND TANF I GET ANY OF THIS TECHNICALLY WRONG. PLEASE, PLEASE CORRECT ME. I THINK I THINK THE PRIMARY THAT LOOKS LIKE IT'S A NATURAL GRADE OF ADDITIONAL DIRT, BUT IT'S REALLY ALL OF THIS, YOU KNOW, ALL OF THIS JUNK THAT THAT IS, HAS JUST BEEN BUILT UPON THAT NATURAL SOIL. SO THERE PROBABLY WILL BE SOME GRADING INVOLVED, BUT MOST OF IT WILL BE JUST REMOVING THE EXISTING CONDITIONS. THERE.

THERE. IS THAT SOUND ACCURATE? THANKS. YES. IT LOOKS TO ME LIKE IT'S JUST THE NATURAL HILLS, BUT YEAH. NO IT'S STUFF GROWING ON IT. SO YEAH IT THERE'S DEFINITELY THINGS GROWING ON IT.

BUT NO, IF WE'RE ABLE TO ZOOM IN AS CLOSE AS POSSIBLE, WE APPRECIATE WHAT YOU'RE SEEING.

LOOKS LIKE NATURAL SOIL AND SOME OUTCROPPINGS. BUT THAT'S REALLY AN ACCUMULATION OF MISCELLANEOUS DEBRIS FROM THE FROM THE ORIGINAL PLAN. AND THEN THE SETTLING OF IT WHERE IT LOOKS LIKE DIRT. THAT'S THAT'S REALLY JUST OVER THE YEARS OF IT BEING FILLED IN AND OVER THE TOP. SO THERE'S CERTAINLY THAT'S NOT TO SAY 100% OF WHAT WILL BE EXCAVATED IS, IS NOT REUSABLE.

CERTAINLY WE ANTICIPATE SOME OF THAT BEING REUSABLE. BUT BUT THAT'S WHAT THAT WAS. THE PURPOSE OF THESE TESTING PITS WAS, WAS TO MEASURE HOW DEEP AND HOW AND WHAT THE POTENTIAL SCOPE OF ALL THAT STUFF IS AND OUR OUR WHAT THE FEEDBACK WE GOT IS THAT PROBABLY MOST OF THAT NEEDS TO JUST BE REMOVED. AND SO WE WOULD EXPECT SOME THE TOPOGRAPHY OF IT TO, TO COME DOWN AND MORE IN

[00:25:04]

LINE WITH WHAT IS EXISTING TO THE NORTH. HOW MUCH OF THAT. WE'RE JUST NOT SURE. IT'S, IT'S, IT'S A LITTLE BIT UNKNOWN UNTIL WE START DIGGING INTO IT. I NOTICE YOU DON'T HAVE ANY IMPORTED FILL IN THERE, AND I NOTICE THAT THE DEPTH WAS LIKE 15FT ON THOSE TEST PITS. SO ARE YOU KIND OF THINKING THAT YOU MIGHT GET DOWN TO A USABLE GRADE JUST BY HAULING OFF THE DEBRIS, AND THEN MAYBE FINISHING IT AND BUILDING YOUR PADS THERE? YOU MIGHT BE ABOUT ABOUT. RIGHT? CORRECT. THAT'S OUR HOPE. YEAH. ALL RIGHT. VERY GOOD. WADE. OR SOMEONE CAN TELL US WHERE WE SIT. I MEAN, THIS IS SO THIS IS A DISCUSSION OF THIS AMOUNT OF MONEY. WE'VE SAVED SOME UP IN RIVER COMMONS. WHERE ARE WE AT? AND THE RIVER COMMONS FUND, CASSIE OR WADE OR MEGAN. YEAH, THAT WOULD BE A CASSIE QUESTION. SORRY. CAN YOU SAY THE QUESTION AGAIN? WHAT ARE WE HOW MUCH MONEY HAVE WE ACCUMULATED IN THE RIVER COMMONS FUND? LET ME. SEE IN OUR BUDGET ACTUAL REPORT, IT SAYS WE 2.5 MILLION. YEAH, I WOULD PROBABLY GO OFF OF THAT NUMBER UNTIL I CAN RESEARCH A LITTLE BIT MORE. BUT I WOULD SAY WE CAN GO OFF OF THAT NUMBER. OKAY. ALL RIGHT. ARE WE ARE YOU LOOKING AT THE 2.428 OR THE 2.695 ON THE BUDGET ACTUAL REPORT? OKAY. YEAH I WAS LOOKING AT THE BUDGET TO ACTUAL REPORT UNDER CONSTRUCTION PROJECTS 2,000,046. THAT'S. YEAH, THAT'S.

THAT'S THROUGH THIS. THAT'S THROUGH THE TAX REVENUES RECEIVED TO DATE. I GUESS THAT'S THE BUDGET FROM LAST YEAR. I'M NOT QUITE SURE WHICH ONE OF THOSE 2024 OR 2025 NUMBERS THAT WILL KEEP GROWING. YEAH. SO THROUGH THE END OF THE PERIOD, WHICH IS SOMEONE REMIND ME OF RIVER COMMONS, WHAT'S THE YEAR IT WAS. I JUST READ IT 2028 WITH 29 COMING BACK ON IT. YEAH, I JUST READ I READ THAT OKAY. DECEMBER. THE PROJECT AREA WILL EXPIRE DECEMBER 31ST, 2028. WITH REVENUE ALLOCATION PROCEEDS RECEIVED BY THE AGENCY IN 2029. OKAY, SO THIS REQUEST IS PRETTY MUCH ALL THE MONEY THAT'S IN THERE NOW. IT WOULD TAKE A BUNCH, TAKE UP MOST OF THAT OKAY. ALL RIGHT. ANY OTHER QUESTIONS ON THAT ONE. IS IT AN ACTION ITEM. WE JUST TRYING TO GET THIS INFORMATION OUT THERE TO KEEP US THINKING ABOUT IT. RIGHT OKAY. ALL RIGHT. NEXT ITEM ON THE AGENDA THEN. CHAIRMAN, CAN I ASK A QUESTION. AND I DON'T WANT TO PUT YOU ON THE SPOT, BUT IS THERE A I MEAN, I HAVE A I'M CONCERNED ABOUT DRAINING THE WHOLE FUND FOR THIS ONE PIECE. AND I KIND OF TRIED TO LOOK AT THE MAP AND SAY, OH YEAH, I CAN SEE THAT. THERE'S A HOTEL. IT LOOKS LIKE THERE'S A POTENTIAL RESTAURANT. AND I KNOW THAT THIS IS JUST A LIKE, NOT FIRM, RIGHT? I MEAN, I KIND OF I TOTALLY UNDERSTAND THAT PART. BUT BUT THIS IS, THIS IS CRITICAL TO THIS WHOLE WORK MOVING FORWARD THAT PIECE. SO I MEAN, JUST I AM CONCERNED ABOUT DRAINING THE WHOLE FUND. SO I JUST THINKING THROUGH THAT. SO ANYWAY, JUST FOR THE THERE'S A CONVERSATION ABOUT THAT AND, AND WE'RE NOT COMING UP WITH AN ANSWER YET. BUT I DON'T KNOW IF ANYBODY ELSE. WELL, TO THAT POINT, WHAT OTHER POTENTIAL PROJECTS MIGHT BE COMING TO US FROM THIS ORIGINAL DISTRICT IN THE IN THE NEXT THREE PLUS YEARS? WE IT'S A GREAT QUESTION AND I AND I APPRECIATE THE CONCERN. WE DON'T HAVE ONE. AS WE LOOK AT IT TODAY. WE DON'T HAVE ANY ADDITIONAL PROJECTS THAT ARE IN THE NEAR HORIZON WITHIN THIS DISTRICT THAT WE'RE CONTEMPLATING. WE MADE AGREEMENT WITH THE CITY AND AGENCY YEARS AGO TO MAKE THAT EXTENSION OF WHITEWATER BRIDGE ACROSS THE CANAL, AND WE'RE PURSUING THAT RIGHT NOW. BUT THAT THAT'S REALLY THE ONLY OTHER IMPROVEMENT THAT THAT'S BEING CONTEMPLATED RIGHT NOW. YOU WOULD TAKE ON WHITEWATER YOURSELF. WE'VE AGREED TO DO THAT. YES. AND IF I'M NOT MISTAKEN, TANA, THE TOTAL COST OF THAT IS 900,000 AND SOME CHANGE. AND THERE'S A COST

[00:30:02]

SHARING AGREEMENT WITH US DEVELOPMENT, WHO'S ALSO ADJACENT TO THE SITE. SO WE'RE WE'RE SHARING THE COSTS OF THAT IMPROVEMENT. I MEAN, THERE IS ONE BUILDING WITHIN THIS THAT IS MAYBE NOT QUITE OCCUPIED YET ALONG. IN THE CURRENT DISTRICT, THE CURRENT DISTRICT THAT MIGHT NOT BE ON THE ROLLS YET. WE ARE JUST FINISHING ONE ITEM, PEOPLE. OH YEAH. IN THE NEAR SYNTEK, NEAR THE TECH BUILDING. THERE'S A BUILDING UNDER CONSTRUCTION THAT WILL. IT APPEARS WE'RE NOT REFORMING IT. WE ONLY SOLD A LOT, BUT BASED ON THE STATUS OF THE IMPROVEMENTS, IT PROBABLY ACHIEVES ITS CFO THIS YEAR AND WOULD HIT THE ROLLS NEXT YEAR. BUT IF WE HAD TO GUESS, SPECULATE WHAT THE COST OF THAT IS ON A GROSS VALUE, LIKE A MAYBE 2 TO 2.5 MILLION THREE, 3,000,003, PROBABLY CLOSE TO $3 MILLION. IT COULD BE SOME OTHER REVENUE, MAYBE FOR A FEW YEARS COMING STILL FROM THAT. C C L. SO OKAY. THANK YOU. I THINK ONE THING TO CONSIDER, I MEAN, IN THE EXISTING DISTRICT, THERE'S A FEW LOTS LEFT, ESPECIALLY THE ONE ACROSS FROM LIKE THE STATE RESTAURANT, YOU KNOW, THE ONE ON PORTER CANAL. YEAH. THAT'S A PRIME LOCATION THAT YOU'VE BEEN TRYING TO MARKET. WE ABSOLUTELY HAVE. AND THE IN ADDITION TO EVEN WITH THE PARTICIPATION BY THE AGENCY IN THOSE IMPROVEMENTS, THE REALITIES ARE THE COST BASIS THAT WE ENDED UP WITH IN THAT PARTICULAR SUBDIVISION ARE ARE STILL FAIRLY HIGH, MEANING THE, THE ON THE PRIVATE SIDE, WE PUT IN QUITE A BIT OF ADDITIONAL CAPITAL FOR IMPROVEMENTS RELATED TO SNAKE RIVER LANDING. AND SO WE'VE HELD IT OUT AS A PRIME SPOT, ASKING ASKING A HIGH NUMBER. AND SO WE'VE HAD SOME OPPORTUNITIES, BUT NONE OF THEM THAT WE'VE BEEN ABLE TO ACTUALLY ACT UPON. AND SO HOLDING OUT FOR THE RIGHT FOR THE RIGHT GROUP IN OUR IN OUR HOPE WOULD BE THAT IT'S A FULL SERVICE RESTAURANT. IT'S ALSO BEEN A PRIMARY PARKING AND STAGING AREA FOR THE 4TH OF JULY, AND THAT'S MAKE THINGS CHALLENGING TO AT LEAST OVER THE LAST SIX YEARS. OKAY. VERY GOOD.

ANY OTHER QUESTIONS ABOUT THAT? OKAY. LET'S MOVE ON TO THE NEXT ITEM, THE ITEM SIX. THE

[6. DISCUSSION ITEM: Supplemental Economic Feasibility Study Regarding Proposed Deannexation of Area from the River Commons District]

SUPPLEMENTAL ECONOMIC FEASIBILITY STUDY REGARDING PROPOSED ANNEXATION OF THE AREA FROM RIVER. THE RIVER COMMONS DISTRICT. MEGAN. WHO'S COVERING THAT? BRAD. ARE YOU COVERING THAT? THAT'S BRAD. YEP. SORRY ABOUT IT. I'M SORRY. OKAY. THANK YOU. I THINK WHAT YOU'LL HEAR IS ACTUALLY PROBABLY A FEW OF THE NUMBERS THAT WILL RELATE TO THE DISCUSSION YOU JUST HAD. SO I'VE BEEN WORKING ON AN ECONOMIC FEASIBILITY REPORT TO LOOK AT WHAT THE CASH FLOW FOR RIVER COMMONS LOOKS LIKE. IF THE PROPOSED ANNEXATION WERE TO OCCUR. SO JUST TO BRIEFLY TALK ABOUT HOW I APPROACHED THE STUDY, THERE HAVE BEEN SEVERAL AMENDMENTS TO THE ORIGINAL OPA SINCE 2008 AND 2009. SO I'LL KIND OF GO OVER THE DETAILS OF THOSE. BUT THOSE WERE CONSIDERED, ESPECIALLY IN TERMS OF ABANDONED RIVER AND SNAKE RIVER LANDING DIVISION NUMBER EIGHT, WHICH HAVE THEIR OWN SEPARATE OPAS THAT, FOR THE WAY I'M READING THEM, DON'T RELY UPON THE REST OF RIVER COMMONS. THEY ONLY DRAW FUNDS FROM THOSE SPECIFIC PARCELS, AND I'LL SHOW A MAP OF WHERE THOSE ARE. I'VE EXCLUDED THOSE FROM THE TOTAL BASE AND INCREMENT VALUES FOR THE RIVER COMMONS AREA. THERE'S ALSO SOME ASSUMPTIONS THAT HAD TO BE MADE FOR THE ANNEXATION PARCEL, BECAUSE THERE WERE WE DON'T KNOW EXACTLY WHAT HAPPENED AS I TALKED WITH THE COUNTY, BUT SOME ADJUSTMENTS MUST HAVE BEEN MADE TO SOME LOT LINES THAT CAUSED AN ADJUSTMENT WITHIN THE ASSESSOR'S SYSTEM. AND SO THE ACTUAL VALUE OF THE ANNEXATION PARCEL HAS BEEN DROPPED FROM WHAT THEY CALL THEIR IRD 55 REPORT. AND SO WE WORKED TO COME UP WITH A REASONABLE ESTIMATE OF WHAT THOSE PROPERTIES ARE VALUED. BUT I'LL AGAIN, I'LL EXPLAIN A LITTLE BIT MORE IN DETAIL. SO WHAT I'LL COVER TODAY IS WHAT THE REVENUES, THE EXPENSES AND THE OVERALL CASH FLOW LOOK LIKE FOR THE REMAINDER OF THE DISTRICT, BOTH WITH AND WITHOUT THE ANNEXATION. SO FIRST, YOU'VE ALREADY SEEN THIS IN THE PREVIOUS DISCUSSION, BUT THIS IS THE ORIGINAL RIVER COMMONS BOUNDARY. YOU KNOW, A LITTLE OVER 211 ACRES COVERING WHAT YOU SEE TODAY IS. THANK YOU. NEXT SLIDE IS JUST TO SHOW YOU THE FULL ANNEXATION AREA. SO THIS IS AGAIN STARTING JUST SOUTH OF THE PROPERTY THAT WAS BEING DISCUSSED FOR CONSIDERATION FOR MEDIATION. AND

[00:35:05]

THEN MOVING SOUTH ALONG THE RIVER THERE BY THE WATERFRONT PROPERTY. THE FINAL MAP THAT I'D SHOW, JUST TO GIVE YOU A SENSE OF EVERYTHING HAPPENING IN THIS AREA. YOU HAVE THE ORIGINAL RIVER COMMONS IN THAT RED BOUNDARY, THE ANNEXATION AND THE PURPLE AND THE PROPOSED NEW DISTRICT THAT YOU'LL DISCUSS NEXT MONTH IS IN THAT SORT OF PINK COLOR THAT GOES DOWN ALL THE WAY TO SUNNYSIDE, AND THEN THE TWO OPA'S THAT ARE SPECIFIC TO THEIR DEVELOPMENTS ARE THEY'RE SORT OF ON THE NORTHWEST PORTION OF RIVER COMMONS. AND THE GREEN YOU HAVE SNAKE RIVER ENDING DIVISION NUMBER EIGHT. AND IN THAT TEAL COLOR YOU HAVE BANDON RIVER APARTMENTS AGAIN, EACH WITH THEIR OWN SEPARATE DAYS. SO JUST AS A SUMMARY OF WHAT'S WHAT'S HAPPENING FINANCIALLY WITHIN THIS DISTRICT, THE ORIGINAL PLAN TALKED ABOUT A LITTLE OVER $10.5 MILLION IN ASSISTANCE. THERE WERE A COUPLE OF OPA'S EARLY ON, 1 IN 2008, AND THEN IT WAS AMENDED IN 2009. ONCE THE IMPROVEMENTS WERE COMPLETED FOR $8.8 MILLION, WITH A61 QUARTER PERCENT INTEREST RATE. THE AGREEMENT WAS THAT THE DEVELOPER WOULD RECEIVE 75% OF THE REVENUES. YOU CAN SEE THE CURRENT BALANCE OF THE ACTUAL PRINCIPAL HAS NOT COME DOWN MUCH. ONE OF THE PIECES OF INFORMATION THAT IS NOT IN THIS REPORT, THAT I'M STILL WORKING WITH CASSIE TO GATHER, IS HOW MUCH HAS BEEN PAID TOWARDS THAT OPA, BECAUSE THE BALANCE LOOKS LIKE IT'S BEEN REDUCED SO LITTLE. I DON'T THINK IT AFFECTS THE RESULTS OF THE STUDY, BUT IT'S HELPFUL INFORMATION TO KNOW. SO WE WILL HAVE THAT IN THE FINAL DRAFT OF THE OF THE REPORT. AGAIN THERE IN 2015, THERE WAS A NEW OPA THAT TOOK THE LAND AND RIVER PARCEL OUT OF THAT ORIGINAL AND ESTABLISHED ITS OWN 365,000 AND IN 2016, SIMILARLY FOR SNAKE, A SNAKE RIVER LANDING DIVISION NUMBER EIGHT OF THAT WAS ALSO PULLED OUT, AND THERE WERE SOME CASH CONSIDERATIONS AS WELL THAT WENT INTO ALL THAT. I HAVEN'T DETAILED THAT HERE. A LOT OF THAT'S ACTUALLY IN YOUR ANNUAL REPORT ALREADY. SO SOME OF THE ASSUMPTIONS IS WE BUILT THE MODEL AS I BUILT THE MODELS TO SHOW WHAT THE CASH FLOW WOULD LOOK LIKE. AGAIN, THE VALUES DID NOT INCLUDE MAN AND RIVER. SNAKE RIVER LANDING EIGHT I ASSUMED THAT THE BASE VALUE WOULD REMAIN UNCHANGED, SO I'M NOT ASSUMING THAT IT RESETS BECAUSE WE'RE NOT STATUTORILY DOING ANYTHING THAT SHOULD CAUSE THAT. I'M ALSO NOT TRYING TO ESTIMATE HOW MUCH IT WILL CHANGE, BECAUSE IT'S ONLY A FEW SHORT YEARS. ASSUMING TOTAL VALUE INCREASES 2% PER YEAR, AND THAT THE LEVY DECREASES 1% PER YEAR. AS YOU REFERENCED IN THE LAST DISCUSSION, THERE ARE TWO PROJECTS THAT I DID INCLUDE IN ADDITIONAL VALUATION. I WAS A LITTLE BIT MORE CONSERVATIVE ON THE KIDNEY INSTITUTE. I ASSUMED THAT IT WOULD NOT HIT THE TAX ROLLS UNTIL 27, AGAIN, JUST TO BE CONSERVATIVE. AND FOR 20 AND 26, I DID ADD THE ITEM COMPANY BUILDING, WHICH HAS RECEIVED CO ALREADY. NOW THE VALUES AGAIN ARE LOW BECAUSE THE ONLY INFORMATION I HAD TO REALLY GO OFF OF WAS FROM THE BUILDING PERMIT VALUATION DATA. SO IT'S A VERY CONSERVATIVE ESTIMATE OF THE VALUE OF THOSE PROJECTS. THE OTHER THING I DID NOT DO, AND I WILL DO IF THE BOARD WISHES, IS I DID NOT PUT THE ANTICIPATED REVENUES FOR 29 IN THE ANALYSIS. THE REASON IS THAT MY PRIMARY QUESTION WAS WHETHER OR NOT THE WITH THE ANNEXATION, THE AGENCY WOULD STILL HAVE THE ABILITY TO MAKE PAYMENTS ON THE OPA. AS OF 28, THE DISTRICT CLOSES AND THERE ARE NO MORE OPAQUE PAYMENTS TO BE MADE. SO ANY OF THAT REVENUE THAT YOU RECEIVE IN 2029 WOULD JUST BE FOR PROJECTS THAT THE AGENCY WISHES TO DO. SO AGAIN, I CAN ADD THAT IN THERE, BUT THAT'S WHY IT'S NOT CURRENTLY IN THIS DRAFT. SO JUST QUICKLY, I WON'T I'M NOT GOING TO READ YOU ALL THE NUMBERS, BUT JUST TO GIVE YOU AN IDEA OF THE DIFFERENCE BETWEEN WHAT HAPPENS WITH OR WITHOUT THE ANNEXATION, BECAUSE THE BASE VALUES ARE SO LOW, THE ANNEXATION IN TERMS OF REVENUE HAS A MINIMAL EFFECT ON THE OVERALL REVENUES FOR THE REMAINDER OF THE DISTRICT. YOU CAN SEE IN THE LOWER RIGHT HAND CORNER WE'RE TALKING, YOU KNOW, A FAIRLY SMALL AMOUNT AT 20 ISH THOUSAND DOLLARS. THAT ALSO HOLDS TRUE WITH THE EXPENSES.

WHEN YOU CONSIDER THE 75% DEBT SERVICE, THE 10% OF HELD BACK BY AIRPORT ADMINISTRATION, AND THEN ANY CARRYOVER FOR POTENTIAL PUBLIC PROJECTS, THE DIFFERENCE IN THOSE TOTALS ARE QUITE MINIMAL OVER THE LIFE OF THE DISTRICT. YEAH. AND SO THEN IN TERMS OF TOTAL CASH FLOW, AND THEN I DIDN'T PUT THE NUMBERS IN THE SLIDE AND I SHOULD HAVE IT IN YOUR REPORTS. IT TALKS ABOUT THE DIFFERENCE IN WHAT WILL BE AVAILABLE OVERALL FOR PUBLIC PROJECTS. AND AGAIN, IT'S A FAIRLY SMALL AMOUNT THAT THE ANNEXATION AREA IS ONLY ANTICIPATED TO FOR, FOR EXAMPLE,

[00:40:02]

THIS YEAR TO GENERATE ABOUT $5,000 IN TAX REVENUE. SO THE ANNEXATION IS NOT NEGATIVELY, SIGNIFICANTLY NEGATIVELY IMPACT THE ABILITY TO PAY THE OPA, THE ABILITY TO DO PUBLIC PROJECTS.

AND SO IF THE AGENCY CHOOSES TO PROCEED THEIR THEIR OBLIGATION, THEY'RE STILL EASILY MET WITH THE ANNEXATION OF 45 ACRES. THAT'S A VERY QUICK, HIGH LEVEL OVERVIEW OF WHAT THE ANALYSIS SHOWED. I'D BE HAPPY TO ANSWER ANY QUESTIONS THAT YOU MAY HAVE. VERY GOOD. ANY QUESTIONS? PUT UP. THE BOTTOM LINE HERE IS THERE'S NO SIGNIFICANT OVERALL CASH FLOW AND ABILITY TO PAY THE 2009 OPA. IF THE PROPOSED LANDS ARE ANNEXED, IT ONLY INCREASES IT BY SOME THOUSANDS OF DOLLARS.

YEAH. OKAY. THERE'S ANOTHER QUESTION. ANY OTHER QUESTIONS? ALL RIGHT. VERY GOOD. ALL RIGHT.

I THINK THAT'S ALL WE HAVE FOR FALL VENTURES. IS THAT RIGHT? HAVE WE COVERED EVERYTHING WE NEED TO MEGAN? ANYTHING ELSE WE NEED TO COVER WITH FALL VENTURES? YES. THANK YOU. JUST IN TERMS OF MR. CHAIR, COMMISSIONERS, NEXT STEPS, WE ANTICIPATE BRINGING BACK THE FULL ANNEXATION PACKAGE TO YOU, HOPEFULLY FOR CONSIDERATION AT YOUR MEETING NEXT MONTH. AND I HAVE BEEN WORKING WITH BALL VENTURES ON THE SURVEY MAP AND LEGAL FOR THE ANNEXATION AREA.

SO WE ARE MOVING FORWARD ON THAT, RECOGNIZING WE REALLY DO WANT TO GET THAT DONE AND THROUGH THE ORDINANCE BY THE FOURTH MONDAY OF JULY. SO THAT'S OUR OVERALL TARGET. SO MOVING FORWARD. ALL RIGHT. VERY GOOD. THANK YOU TARA, WE APPRECIATE YOUR PRESENTATION AND ALL THE HARD WORK THAT YOUR TEAM IS DOING. AND WE APPRECIATE THE CONTRIBUTIONS OF BALL VENTURES TO THIS ENTIRE AREA AND RECOGNIZE HOW MUCH YOU PUT A LOT OF MONEY INTO IT. AND BASICALLY WE'VE PAID YOU SOME INTEREST PAYMENTS BACK. AND WE UNDERSTAND THAT. SO THANK YOU. THANK YOU.

ALL RIGHT. VERY GOOD. THE NEXT ITEM ON THE AGENDA IS A DISCUSSION OF THE RIVER WALK.

[7. DISCUSSION ITEM: River Walk Discussion]

WE'VE GOT LAUREN WALKER HERE. AND LAUREN DO YOU WANT TO MAKE THE PRESENTATION. AND JUST TO PREFACE TO THIS CHAIR, WHILE LAUREN'S COMING UP, IF YOU REMEMBER, MCNEIL DEVELOPMENT CAME BEFORE US BACK IN NOVEMBER OF 2024 TO PROPOSE THE A NEW REDEVELOPMENT DISTRICT, THE ONE THAT GOT IN YOUR PACKET, THE ONE THAT'S READ JUST READ, WAS THE ONE THAT I SAT DOWN WITH THE WALKERS AND DREW THAT UP. AND THEN WE, MISTER WALKER SENT US AN UPDATED ONE. AND THAT'S THE ONE WITH IF YOU LOOK, IT'S READ, BUT WITH THE BLACK THEY FILLED IN THAT DISTRICT ISLAND, SO YOU CAN DISREGARD THE FIRST ONE THAT WE HAD IN YOUR PACKET. JUST PREVENT CONFUSION THERE. SO THAT MAKES SENSE. OKAY LAUREN. SO WE THIS STAGE WE'RE TRYING TO DEFINE WHAT AREA THAT WOULD BE PUT INTO A NEW RIVER WALK AREA. SO WHY DON'T YOU WALK US THROUGH THAT OKAY. LET'S SEE. THIS DOESN'T SHOW UP ON THE SCREEN BUT. OKAY. SO LET'S SEE. MAYBE THIS ONE DOES. YEAH. IS IT THIS TOP BUTTON. YEAH YEAH. KEEP PUSHING THAT. YES. SO JUST TO TRY. TRY THIS ONE. ITS AIM IS A LITTLE BETTER ON THE SCREEN. IS THAT THIS TOP BUTTON. YOU JUST HAVE TO HOLD IT DOWN UNTIL IT ENGAGES OKAY. IS IT WORKING. IT'S NOT VERY LINED UP. OKAY. WELL IF YOU CAN SEE THE LITTLE ARROW AS I IS IT BEST TO USE? PROBABLY THIS ONE. YEAH. RIGHT. FOR YOU ALL. YOU JUST HAVE TO HOLD IT A LITTLE LONGER EVENTUALLY AND THEN PULL IT ONTO THE SCREEN. IT'S THERE NOW. IT'S THERE NOW. YES. ALL RIGHT. I THINK WE SEE IT. YOU'RE REFERRING TO THE PART THAT'S CALLED DISTRICT ISLAND. YEAH. WANT TO EXPLAIN THAT TO US? IT'S. YEAH. LET'S SCROLL. NO, THAT'S OKAY. I'LL JUST DESCRIBE IT AS BEST I CAN. WE'RE THE DISTRICT. ISLAND BLACK IS WAS KIND OF AN ISLAND. A LITTLE BIT OF AN ISLAND IN OUR ORIGINAL OUTLINE THAT WE WORKED ON WITH,

[00:45:04]

WITH THE CITY AND OUR. WAIT, WAIT. YEAH, YEAH. THAT'S OKAY, THAT'S OKAY. NO PROBLEM WITH WADE. BUT THE BLACK WE'RE WE'RE SUGGESTING THAT THAT BE PULLED AS PART OF THE DISTRICT BECAUSE OF THE GREENBELT THAT GOES BEHIND THE BUILDING, THERE WOULDN'T ONLY THAT PIECE. SO PULL THAT BLACK PART OUT OR ERASE THE RED AND THE BLACK AND LET THAT BE A PART OF THE DISTRICT PRIMARILY FOR THAT PURPOSE. THERE'S ALSO ALONG THE CROSS WALK, YOU KIND OF SEE HOW IT CROSSES OVER. THE UTAH AVENUE ON BRIDGEPORT, AS WELL AS UTAH AVENUE, SO THAT THE ISLANDS AND THE THINGS THAT ARE ASSOCIATED WITH THE ROUNDABOUT WOULD BE INCLUDED. THE ROUNDABOUT HAS AN APRON THAT'S THAT'S WEARING HAS LOTS OF TRAFFIC AND TRAFFIC TRUCK TRAFFIC AS WELL. SO, LAURA, LET'S STEP BACK ONE, ONE STEP. I THINK JUST TO GIVE SOME CONTEXT, YOU'RE PROPOSING SOME NEW DEVELOPMENTS AT HOTEL AND SOME OTHER THINGS ON THIS PROPERTY. THERE WAS A CONCERN ABOUT TRAFFIC PATTERNS LAST TIME, AND ESPECIALLY GETTING IN AND OUT OF THIS. AND THEN YOU'VE REFLECTED, YOU'VE YOU'VE RESPONDED TO THOSE CONCERNS I THINK BOTH WAYS, BY GETTING IT DOWN TO RIVERWALK DRIVE ALL THE WAY TO PANCARI, AND ALSO GETTING OUT TO THAT, TO THAT ROUNDABOUT SO THAT YOU COULD EXPAND TRAFFIC CARRYING CAPACITY AT BOTH THOSE LOCATIONS. THAT'S WHAT WE'RE TALKING ABOUT. ISN'T IT? BETTER SAID YES. THAT'S CORRECT. YEAH. AND THEN YOU'VE ADDED YOU'VE ALSO ADDED THE ONE LOT NEXT TO CULVER'S. IT'S UNDEVELOPED. YES. AND IT LOOKS LIKE A LOT NEXT TO THE MEDICAL BUILDING. AND BETWEEN THE MEDICAL BUILDING AND THE MOTORCYCLE DEALERSHIP.

CORRECT. OKAY. SO THIS IS THE AREA THAT YOU'RE PROPOSING NOW THAT WE WOULD MOVE FORWARD AND START WORKING ON AN AREA, A NEW URBAN RENEWAL AREA. YEAH. SO THE THINGS THAT WE ADDED THAT YOU JUST MENTIONED HAVE PUBLIC A NEED FOR SOME PUBLIC IMPROVEMENTS, MAINTENANCE AND IMPROVEMENTS ALONG THE GREENBELT PRIMARILY. BUT WE HAVE HAD DISCUSSIONS ABOUT RIVERWALK DRIVE, THE PRIVATE PART OF RIVERWALK DRIVE, AND HOW IT MAY OR MAY NOT BECOME PUBLIC. SOME STUDIES NEED TO BE DONE ON THAT. AND ON THAT PARTICULAR PIECE OF THE ROAD. BUT IN ANY EVENT, IF WE INCLUDE IT THEN, THEN IT COULD BE USEFUL TO BE IN THE DISTRICT TO DO THAT. OKAY. ANY OTHER UPDATES ON JUST HOW YOU'RE COMING ALONG, ON YOUR DEVELOPMENT PLANS AND YOUR VISION FOR THIS AREA? THANKS. YES, WE'RE CONTINUING DAILY WORKING ON THE HOTEL SECTOR, WHICH IS UP BY THE SPRINGHILL SUITE. WE STILL ANTICIPATE MOVING FORWARD ON THAT IN THE SPRING. THE PART THAT ALL THE GREEN OR WHERE THE GRASS IS UP INTO A LITTLE HIGHER NORTH IN THAT AREA OF WHERE THE CURSOR IS. WE ANTICIPATE THIS BEING MOSTLY RESIDENTIAL OR MAYBE SOME SOME, SOME MINOR RETAIL IN THE BOTTOM OF THE RESIDENTIAL, BUT FOR THE MOST PART, THAT WILL BE HIGH DENSITY CONDOS IN THAT AREA. THE OTHER AREAS WE WE'VE BEEN TALKING TO DIFFERENT PEOPLE ABOUT PROFESSIONAL OFFICES AND OFFICE SLASH RETAIL ON THE WEST SIDE OF THE CANAL. SO THERE THERE WILL BE WE ANTICIPATE THERE WILL BE MULTIPLE. BUILDINGS GOING UP OVERLAP IN THIS AREA. AND THAT'S WHY WE THINK THAT PUTTING THIS INTO ONE DISTRICT, ONE PHASE FOR THE MOST PART, ONE THAT WILL ALL FALL WITHIN THE DISTRICT, IS THAT THIS WILL ALL POPULATE WITHIN THE TIME FRAME. OKAY. THE DISTRICT LINE. YEAH. ALL RIGHT. IS THERE ANYTHING ELSE YOU WANT TO EXPLAIN TO US ABOUT THIS? I THINK THAT'S YOUR WE HAVE PRIMARILY A LOT OF LAVA TO DEAL WITH IN THIS AREA. AND THAT'S OUR PRIMARY CONCERN BECAUSE A LOT OF THE PUBLIC INFRASTRUCTURE IS ALREADY IN PLACE. SO THIS IS REALLY TO FINISH UP WHAT WE WERE DOING TO BEGIN WITH, BRINGING THE GREENBELT UP AS THERE'S ALREADY IT'S ALREADY BEEN PLANTED AND APPROVED AND ALONG

[00:50:02]

THE WATERWAYS WHEREVER THEY ARE. SO THIS THIS WILL BE VERY HELPFUL IN COMPLETING WHAT'S ALREADY BEEN STARTED. ALL RIGHT. INCLUDING THE GREENBELT ALONG THE RIVER. ALL RIGHT. QUESTIONS FROM THE AGENCY, TERRY. SO YOU'RE INCLUDING WHAT YOU OUTLINED IN BLACK OR YOU'RE NOT INCLUDING. THAT WOULD BE PART OF THE DISTRICT. WHAT WHAT'S WHAT WHAT IS OUTLINED IN BLACK. AND THAT'S CURRENTLY A BUILDING RIGHT THERE. RIGHT. AND IT'S FOR THE REASON OF THE GREENBELT THAT SITS BEHIND THAT BUILDING. SO THAT IF WE IF WE INCLUDE IT AND IT COULD BE PARTIAL TO JUST ONLY INCLUDE THE GREENBELT, BUT WE JUST PUT THE BUILDING IN AS PART OF TO, TO KEEP IT ALL TO FLOW A LITTLE WITHOUT A LOT OF. LINES IN THERE. IT'S REALLY JUST GOING TO DO WHERE THAT CURSOR IS RIGHT NOW, THE GREENBELT. SO IT'S CONNECTING ALL THE WAY UP, ALL THE WAY ALONG CONTINUOUSLY WITHOUT WITHOUT INTERRUPTION. I THINK ONE THING TOO IS THERE'S A RECOGNITION THAT THE ROUNDABOUT ITSELF MAY BE NEED TO BE EXPANDED TO CARRY MORE TRAFFIC AND BIGGER TRAFFIC, POSSIBLY.

YOU KNOW, IT'S HARD TO TELL UNTIL THE NEED COMES FOR SURE, BUT IT WOULD INCLUDE THAT. YEAH, IT DOESN'T INCLUDE, YOU KNOW, THE CENTER CIRCLE OR THE, THE ART FEATURE. IT'S EVERYTHING THAT HAS TO DO WITH PUBLIC TRAFFIC. I THINK THERE'S SOME CONCERN THAT BIG TRUCKS, IT IS THE ROUNDABOUTS GETTING HAMMERED PRETTY HARD WITH BIG TRUCKS AND CURBS AND THAT KIND OF THING.

YEAH, INFRASTRUCTURE IS GETTING HURT BY MIGHT NOT BE BIG ENOUGH. OKAY, SO ALL RIGHT SO THIS IS THE AREA MEGAN. ANY OTHER QUESTIONS FROM THE BOARD FIRST? OKAY. MEGAN DO YOU HAVE WHAT'S DO YOU HAVE ANYTHING TO ADD ON THIS. AND WHAT WOULD BE THE NEXT STEPS. THIS IS A DISCUSSION ITEM TO GET THIS AREA GOING. WHAT ARE THE NEXT STEPS. THE NEXT STEPS WOULD BE TO IF WE FOR THE BOARD TO CONSIDER AN MOU AT THE NEXT MEETING FOR DEVELOPER PAYMENT FOR THE STARTUP FUNDING COSTS FOR A NEW DISTRICT. OKAY, SO NEXT MONTH WE MIGHT HAVE AN MOU TO LOOK AT. YES. YEP. OKAY. AND THEN FOLLOWING THERE WOULD BE A STUDY OF THE AREA AND THAT KIND OF THING AFTER THAT. ALL RIGHT.

YEAH. DOES THAT TAKE EVERYTHING CARE OF EVERYTHING FOR YOU LAUREN. YEAH OKAY. WE'RE WE'RE WE'RE READY TO DO NEXT STEPS. WHATEVER THOSE ARE. OKAY. VERY GOOD. KEEP WORKING WITH MEGAN

[8. DISCUSSION ITEM: Tentatively Approve the Draft of the 2024 Annual Report, Schedule Meeting to Take Public Comment and Authorize Publication of the Meeting Notice]

AND LET'S KEEP IT MOVING ALONG. ALL RIGHT. THE NEXT ITEM ON THE AGENDA IS THE APPROVAL OF TENTATIVELY APPROVED THE DRAFT OF THE 2024 ANNUAL REPORT. WE NEED TO SCHEDULE A MEETING TO TAKE PUBLIC COMMENT OR REMIND US OF THE CALENDAR ON THAT. MEGAN. SORRY. YEAH. SO THE ANNUAL REPORT IS A TWO STEP PROCESS. TODAY FOR CONSIDERATION IS TENTATIVE APPROVAL OF THE ANNUAL REPORT, WHERE THE BOARD CAN PROVIDE ANY COMMENT OR CLEAN UP, OR IF THERE'S MISSING ITEMS, WE CAN DIRECT STAFF TO COMPLETE AND THEN SCHEDULE THE MEETING TO TAKE PUBLIC COMMENT AT THE TIME OF YOUR MARCH BOARD MEETING. AND THEN THERE IS A PUBLICATION PIECE TO ADVISE THE PUBLIC THAT THERE WILL BE THIS OPPORTUNITY FOR PUBLIC COMMENT AT THE TIME OF THE MARCH MEETING. SO THIS IS THE STEP WE'RE AT TODAY. IN MARCH, YOU'LL HOLD THE OPPORTUNITY TO TAKE PUBLIC COMMENT, AND THEN THERE WILL BE A RESOLUTION FOR FORMAL CONSIDERATION OF THE ANNUAL REPORT. AND THEN THE IF APPROVED, THE ANNUAL REPORT MOVES FORWARD IN TERMS OF FILING WITH BOTH THE CITY AND THE STATE COMPTROLLER'S OFFICE. ALL RIGHT. VERY GOOD. ARE THERE ANY COMMENTS ON THE DRAFT OF THE 2024 ANNUAL REPORT? LOOKS GOOD. ARE WE GOING TO BE USING THE SAME PROFESSIONAL PUBLISHING? YEAH. SO THIS IS OF COURSE VERY ROUGH. AND THEN THIS IS WHAT LAST YEAR'S WILL LOOK LIKE. SO WE GO THROUGH EVEN UPDATING SOME OF THE PICTURES AND THINGS LIKE THAT. BUT THIS FOR TERMS OF THE NUMBERS AND THE VERBIAGE, IF YOU FIND ANY TYPOS OR ANYTHING LIKE THAT. YEAH, I'M OPEN TO ANY CHANGES ON THOSE OR ANY EDITS YOU SEE. BUT ALL RIGHT. VERY GOOD. YEAH, WE'LL HAVE IT PROFESSIONALLY PUBLISHED, JUST LIKE WE DID LAST YEAR. OKAY.

THANK YOU FOR PUTTING THAT TOGETHER. WE APPRECIATE IT. ANY OTHER COMMENTS ON THE ANNUAL REPORT? WHAT'S THE DEADLINE FOR GETTING BACK TO YOU ON THAT? REALLY I PUBLISH IT. IT'S

[00:55:01]

USUALLY BEFORE THE MEETING, THE NEXT MEETING AND THEY USUALLY ARE. LET'S SEE, I'M TRYING TO REMEMBER LAST YEAR IT TOOK US ABOUT A WEEK BEFORE WE COULD GET IT PUBLISHED. SO I WOULD SAY TWO WEEKS. THREE WEEKS. OKAY. PERFECT. THANKS. YEAH. ALL RIGHT. AND OUR MEETING TO TAKE PUBLIC COMMENT WILL BE OUR NEXT MEETING. I ASSUME IT'S IN MARCH. YEAH. OKAY. PERFECT. ALL RIGHT, SO I DON'T THINK WE NEED TO TAKE ANY ACTION ON THAT. THAT WILL BE WE'LL PUT THAT ON THE AGENDA FOR NEXT MONTH TO TAKE PUBLIC COMMENT ON THIS. AND LET'S GET OUR COMMENTS TO WADE OVER THE

[9. DISCUSSION ITEM: RAI and Legislative Update]

NEXT COUPLE OF WEEKS. MEGAN, I KNOW THERE'S SOME DEVELOPMENTS IN THE LEGISLATURE. CAN YOU GIVE US THAT VERY BRIEFLY? YES. THANK YOU. ON MONDAY, THERE WAS AN URBAN RENEWAL BILL THAT WAS PRINTED IN HOUSE TAX. THAT BILL ESSENTIALLY COVERED THREE TOPICS. ONE WAS AGENCY DISSOLUTION, THE NEXT WAS EXEMPTING AMBULANCE AND FIRE DISTRICT LEVIES FROM GENERATING REVENUE FOR AN URBAN RENEWAL DISTRICT. AND ASSOCIATED WITH THAT WERE CHANGES TO THE NEW CONSTRUCTION RULE AND ALLOWING THOSE TAXING DISTRICTS TO INCREASE BUDGET CAPACITY. USING THE NEW CONSTRUCTION WITHIN THE DISTRICT, WHICH IS A PRETTY BIG CHANGE SINCE THAT WAS ORIGINALLY CHANGED IN 2007, AND THEN ALLOWING THOSE DISTRICTS TO TAKE THOSE DOLLARS ABOVE THE CAP. AND THEN THE THIRD CHANGE WAS TRYING TO REFRAME AND FORM SOME LANGUAGE AROUND PROJECT AREA OR DISTRICT TERMINATION. SO THAT IS CURRENTLY BEING REVIEWED IN DETAIL. SPECIFIC COMMENTS WILL BE FORTHCOMING, BUT IT DOES COVER A LOT WITH THAT NOT HEARING TOO MUCH MORE. AND WE'LL JUST KIND OF CONTINUE TO KEEP YOU ADVISED AS WE MOVE FORWARD. ALL RIGHT. VERY GOOD. THANK YOU.

MEGAN. ALL RIGHT. WITH THAT THAT GETS THROUGH OUR AGENDA. THANK YOU FOR EVERYONE PARTICIPATION.

[10. Next Meeting: March 20, 2025]

OUR NEXT MEETING WILL BE ON MARCH 20TH. AND IS THERE A MOTION TO ADJOURN. SO IS THERE A SECOND? SECOND. ALL IN FAVOR SAY AYE. ANY OPPOSED? SAY

* This transcript was compiled from uncorrected Closed Captioning.

Feb 20, 2025 Redevelopment Agency

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