[Call to Order]
          [00:00:08]
          WELCOME TO THE MEETING AT IDAHO FALLS REDEVELOPMENT AGENCY. MARCH 20TH, 2025. THANK YOU FOR 
          [1. ACTION ITEM: Modifications, Additions, Changes to the Agenda]
BEING HERE. ARE THERE ANY MODIFICATIONS OR CHANGES TO THE AGENDA? ALL RIGHT. WITH THAT, 
          [2. ACTION ITEM: Approval of Minutes: February 20, 2025]
WE'LL GO ON TO THE APPROVAL OF THE MINUTES. WE HAVE THE MINUTES OF THE FEBRUARY 20TH, 2025 MEETING PREPARED FOR US. ARE THERE ANY CHANGES TO THE MINUTES? IS THERE A MOTION TO APPROVE THE MINUTES? SO MOVED. IS THERE A SECOND? SECOND. I'LL SECOND THAT. ALL IN FAVOR, SAY AYE. AYE. ANY OPPOSED? I ALL IN FAVOR, SAY AYE. AYE. AYE. ANY OPPOSED? THE MOTION PASSES 
          [3. ACTION ITEM: Approval of Expenditures and Finance Report]
UNANIMOUSLY. THE NEXT ITEM ON THE AGENDA IS THE FINANCE REPORT. WE HAVE A FEW EXPENDITURES. NO OPA PAYMENTS THIS THIS MONTH, BUT WE HAVE PAYMENTS OF $100 TO BECKY FROM THE RIVER COMMONS FUND, $5,280 TO BRAD KRAMER FOR HIS WORK WITH RESPECT TO PLANNING. EVELYN BURKE $3,691. RUDD AND COMPANY. $1,250. AND CITY OF IDAHO FALLS, $1,993. 20 FOR THEIR ADMINISTRATIVE SUPPORT. ALSO IN THE EAGLE RIDGE FUND, $150 FOR EDELMAN BURKE AND $200 TO THE CITY OF IDAHO FALLS FOR THE ADMINISTRATIVE SUPPORT, AND JACKSON HALL, $150 TO AND $200 TO CITY OF FALLS FOR ADMINISTRATIVE SUPPORT. I THINK THAT'S ABOUT IT. ON THE FINANCE REPORT THIS MONTH. IS THERE A MOTION TO APPROVE THE FINANCE REPORT? SECOND, ALL IN FAVOR, SAY AYE. AYE. HI. THAT MOTION. ANY OPPOSED? SAY NAY. MOTION PASSES UNANIMOUSLY. THE NEXT 
          [4. PUBLIC COMMENT/ACTION ITEM: 2024 IFRA Annual Report]
ITEM ON THE AGENDA IS. THAT IS THE TIME AND PLACE FOR PUBLIC COMMENT ON THE 2024 IDAHO FALLS REDEVELOPMENT AGENCY ANNUAL REPORT, WHICH HAS BEEN PREPARED AND PUBLISHED AND MADE AVAILABLE. OUR NOTICE HAS BEEN PUBLISHED IN THE ANNUAL REPORT HAS BEEN MADE AVAILABLE. HAVE WE RECEIVED ANY COMMENTS WRITTEN COMMENTS ON THE ANNUAL REPORT? THANK YOU. CHAIR. NO, WE HAVE NOT RECEIVED ANY WRITTEN COMMENTS. WE DID HAVE SOME WRITTEN EDITS TO THE TO THE DOCUMENT, WHICH WE CHANGED. AND IF THERE'S ANYTHING ELSE THAT YOU WOULD LIKE CHANGE, WE COULD CHANGE BEFORE PRINTING. BUT WE ALSO NEED DIRECTION. IF YOU WOULD LIKE US TO PRINT THIS OUT FROM THIS POINT FORWARD. SO NO OTHER COMMENTS HAVE BEEN RECEIVED. SO I MADE A COUPLE OF EDITS THAT DIDN'T GET PUT INTO THIS, LIKE THE PICTURES. SORRY. YEAH. SO THE MAP DIDN'T CHANGE. 
          IT'S NOT JACKSONVILLE JUNCTION THAT IT'S THE RIVER COMMONS. IT'S JUST THE IT'S JUST IT'S LABELED. DIDN'T GET. IT SHOULD GO. I THINK WE'RE CUTTING THROUGH ALL THAT WAS ONE. THAT THAT JUST THE LABEL IN THE LETTERS. AND THEN I'M JUST LOOKING FOR THE OTHER ONE COMMENT THAT I HAD MADE TO SEE WHETHER IT HAS BEEN INCORPORATED. THERE WAS THE EAGLE RIDGE BRIDGE. YEAH. NO. THAT'S GREAT. THANK YOU FOR SHOWING US THAT. WE'LL MAKE SURE TO GATHER MAP ON EAGLE RIDGE. DID WE CUT OFF FROM THE ANNEXATION? OH, YES. SO WE SHOWED THAT ON THERE. BUT THANK YOU FOR POINTING THIS OUT. I WILL MAKE SURE THIS GETS CORRECTED. OKAY. THAT'S NO PROBLEM. THANK YOU. THANK YOU. THAT'S. THOSE WERE MY TWO. ANY OTHER COMMENTS ON THE ANNUAL REPORT FROM THE BOARD? THANK YOU. ALL RIGHT, THEN, WE'LL OPEN IT UP FOR PUBLIC COMMENT ON OUR 2024 ANNUAL REPORT, WHICH IS PART OF THE PROCESS THAT WE OPEN THIS UP FOR PUBLIC HEARING TO HEAR ANY OTHER COMMENTS OR REVIEWS OR INPUT ON OUR ANNUAL REPORT. ANYBODY WANTED TO MAKE IT? YOU'D BE THE FIRST TIME IN MANY YEARS ANYBODY MADE A COMMENT ON AN ANNUAL REPORT. YOU'D BE A HERO. BUT BUT APPARENTLY NOT. OKAY. ALL RIGHT. 
          WE HAVE NOT RECEIVED ANY WRITTEN OR VERBAL COMMENT ON THE ANNUAL REPORT, SO I THINK WE CAN MOVE ON TO THE RESOLUTION. MEGAN, COULD YOU READ THE RESOLUTION BY TITLE FOR US? YES. THANK YOU, MR. CHAIR. SO I THINK WE JUST NEED TO FORMALLY CLOSE THE PUBLIC COMMENT PERIOD AS WELL. 
          THAT'S RIGHT. SO WE'RE CLOSING THE PUBLIC COMMENT PERIOD ON THE 2024 ANNUAL REPORT. THANKS, 
          [5. ACTION ITEM: Consider Resolution 25-02 Approving the 2024 Annual Report, Authorize Filing the Annual Report with the City Clerk and the Idaho State Controller’s Office as required by Idaho Law, and Authorize Publication of the Legal Notice Filing]
MEGAN. RESOLUTION NUMBER 25, DASH ZERO TWO BY THE BOARD OF COMMISSIONERS OF THE URBAN 
          [00:05:05]
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 THE IDAHO FALLS REDEVELOPMENT AGENCY, TO BE TERMED THE ANNUAL REPORT. RESOLUTION APPROVING THE ANNUAL REPORT OF THE URBAN RENEWAL AGENCY FOR CALENDAR YEAR 2024. APPROVING THE NOTICE OF FILING THE ANNUAL REPORT WITH THE CITY AND IDAHO STATE CONTROLLER. AUTHORIZING ANY TECHNICAL CORRECTIONS TO THE ANNUAL REPORT. AUTHORIZING THE CHAIR. VICE CHAIR, AGENCY ADMINISTRATOR TO FILE SAID REPORT AND PROVIDING AN EFFECTIVE DATE. ALL RIGHT. VERY GOOD. THANK YOU. MEGAN, IS THERE ANY FURTHER COMMENTS ON THAT RESOLUTION? IS THERE A MOTION TO APPROVE RESOLUTION 2502? ROLL CALL? YES, I THINK SO. YES. DO WE NEED A MOTION? SO. SO MOTION. I'LL MAKE THE MOTION. IS THERE A SECOND? SECOND. OKAY, LET'S HAVE A ROLL CALL. VOTE. MR. CHAIR, WITH THAT, APOLOGIES. SO THE RESOLUTION IS ADOPTED, RECOGNIZING THE CHANGES THAT WILL BE MADE TO THE ANNUAL REPORT, JUST FOR PURPOSES OF THE RECORD. RIGHT. THANK YOU. VERY GOOD. THANK YOU. AND COULD YOU DO A ROLL CALL? VOTE FOR US, TERRY GADSDEN. YES. LISA BURTENSHAW. YES. CHRISTOPHER HARDY. YES. CHRIS PALKO. YES. LEE RADFORD. YES. BRANT THOMPSON. YES. VERY GOOD. THANK 
          [6. ACTION ITEM: Accept the FY2024 Audit and Authorize Filing with the State Controller’s Office, Legislative Services Office and Other Locations as May be Required by Statute]
YOU. AND NEXT ITEM ON OUR AGENDA IS THE ACTION ITEM. THE NEXT ITEM ON THE AGENDA IS THE FISCAL YEAR 2024 AUDIT, WHICH WE HAVE IN OUR PACKETS. AND WE HAVE OUR REPRESENTATIVE FROM RUTLAND COMPANY TO COME AND TELL US HOW WE'VE DONE THIS YEAR. SO WOULD YOU PLEASE GIVE US A REPORT ON THE AUDIT? ALL RIGHT. WELL, I'M STACY LEMMON FROM RUTLAND COMPANY. I'VE BEEN HERE MANY TIMES BEFORE. RECOGNIZE CLOSE TO YOU. SO LET'S GET RIGHT INTO IT. WE HAVE ENJOYED THE OPPORTUNITY AGAIN THIS YEAR TO FORM THE AUDIT. AND AS ALWAYS, YOUR STAFF HAS BEEN VERY HELPFUL. AND NO ISSUES THERE. SO I WANT TO TURN TO PAGE ONE OF YOUR. REPORT. THE BALANCE REPORT IS OUR OUR INDEPENDENT AUDITOR'S REPORT. AND WE HAVE ISSUED AN UNMODIFIED REPORT WHICH BASICALLY STATES THAT WE BELIEVE THAT THE FINANCIAL STATEMENTS ARE NOT MATERIALLY MISSTATED IN ANY WAY. 
          SO THAT'S WHAT YOU WANT TO HEAR. IF YOU WANT TO TURN TO PAGE 11, WHICH STATE, START WITH SOME ITEMS THAT MIGHT BE OF INTEREST. THIS IS THE STATEMENT OF NET POSITION FOR THE REDEVELOPMENT AGENCY, WHICH SHOWS ALL OF THE ASSETS AND LIABILITIES ON IN THE BOOKS, CASH AND INVESTMENTS. 
          THIS YEAR WAS ABOUT $2.9 MILLION AND YOU STILL HAVE PROPERTY TAXES RECEIVABLE OF A MINIMAL AMOUNT AND ITEMS FROM RECEIVABLE FROM THE DEVELOPERS TO THE MEMORANDUM OF UNDERSTANDING AGREEMENTS. WITH THAT, THOSE AMOUNTS HAVE NOT BEEN RECEIVED AS OF SEPTEMBER 30TH, I'M SURE AS OF THE END. SINCE THEN, SOME OF THOSE HAVE COME IN, BUT THAT $35,000 OF DEVELOPER RECEIVABLE CONSISTS OF $20,000 FROM THIS DEVELOPMENT AND $15,000 FROM WILLOW CREEK FOR. FOR AMOUNTS THAT WERE DUE AFTER APPROVAL OF THE ABILITY REPORT OR OTHER ITEMS. SO AND THEN IN YOUR LIABILITIES, THE SIGNIFICANT AMOUNTS THIS YEAR THERE IS A PARTICIPATION PARTICIPATION AMOUNT PAYABLE AT THE END OF THE YEAR. BECAUSE THOSE THE AMOUNTS THAT ARE UNDER THE PARTICIPATION DO UNDER THE DISTRIBUTION AGREEMENTS THAT ARE SUPPOSED TO BE PAID TWICE A YEAR OR JUST PAID A LITTLE LATE IN OCTOBER THIS YEAR. SO THEY WERE ACCRUED AND PAYABLE STILL AT THE END OF THE YEAR, BUT THEN PAID THE NEXT MONTH. SO THAT'S SOMETHING THAT USUALLY DOESN'T USUALLY SHOW UP ON THE STATEMENT OF ACQUISITION. BUT IS THERE THIS YEAR. THERE'S ALSO LONG TERM LIABILITIES. AND THOSE ARE ALL OF THE PROMISSORY NOTES AND OPA AGREEMENT AMOUNTS DUE. AND IF YOU WANT TO SEE THE DETAIL OF WHAT IS IN THAT 13 MILLION, YOU CAN GO BACK TO PAGE. 23 WITH THEIR REAL QUICK. 
          IT SHOWS ALL THE PAYMENTS THAT WERE MADE DURING THE YEAR. THE ONLY THING THAT'S NEW IN SECOND 
          [00:10:03]
LIFE IS THEIR. THE ONLY THING THAT'S NEW THIS YEAR IS THE OPA OBLIGATION FOR HIM. CARRY EAST WAS ACCRUED FOR $445,000. AS THOSE YOU ARE STARTING TO RECEIVE TAX AMOUNTS ON. ON THOSE PARCELS. AND SO THOSE AMOUNTS WILL THEN BE PAYABLE TO. THE DEVELOPER AS THEY'RE RECEIVED. 
          UNTIL THAT $445,000 IS PAID, OR UNTIL THE URBAN RENEWAL OR THE URBAN RENEWAL DISTRICT IS, IS GONE IN 2020, 2042. SO, ALL RIGHT, I'LL LET YOU GO BACK TO PAGE 13. THIS IS THE BALANCE SHEET AND INCOME STATEMENT BY FUND. DID ANYBODY HAVE ANY QUESTIONS ABOUT THE LIABILITIES OKAY. SO PAGE 13 IS THE STATEMENT OF THE BALANCE SHEET BY FUND FOR ALL OF THE FUNDS THE RIVER COMMONS FUND HAS BEEN KIND OF USED AS A CATCHALL FOR ALL OF THE FUNDS THAT ARE STILL IN PROCESS AND WAITING TO BE CREATED. SO WE SHOW RIVER COMMONS, ACREAGE, JACKSONVILLE AND PANTERA EAST, AND THEN ALL OF THE EXPENSES AND EVERYTHING FOR THE NEW URBAN RENEWAL DISTRICTS, OR ONES THAT ARE IN PROCESS OR JUST HAVING ELIGIBILITY REPORTS DONE, THINGS LIKE THAT. EVERYTHING IN THERE SHOWS UP IN THE RIVER COMMONS FUND. SO THOSE PARTICIPATION PAYABLE AMOUNTS ARE THE ONLY THING REALLY DIFFERENT THIS YEAR THAT WEREN'T THERE LAST YEAR. 
          EVERYTHING ELSE IS PRETTY SIMILAR. SO THE INCOME STATEMENT IS ON PAGE 15. AND THE PROPERTY TAXES RECEIVED IN THE CURRENT YEAR WERE ABOUT $1.4 MILLION. LAST YEAR THEY WERE VERY SIMILAR AT $1,430,000. SO EVERYTHING'S KIND OF ON PAR WITH WHERE WE'VE BEEN IN THE PAST. THE OTHER INCOME AMOUNT OF $80,000 IS MADE UP OF AMOUNTS RECEIVED FROM THE DEVELOPERS. UNDER THOSE MOU AGREEMENTS. SO. AND THEN THE OTHER COSTS ARE VERY SIMILAR TO WHAT THEY'VE BEEN IN THE PAST. 
          THE DEBT SERVICE IS MADE UP OF WHATEVER PERCENTAGE IS DUE UNDER THE OPA AGREEMENTS OF THE TAX REVENUE AMOUNTS. SO AND THE EAGLE RIDGE ALLOCATION IN JACKSONVILLE ALLOCATION AND INCREASED ALLOCATION AMOUNTS DO NOT BEAR ANY INTEREST, WHICH IS WHY THERE'S NO INTEREST ON THOSE. IT'S THEIR ONLY PRINCIPAL. RIGHT. SO. IF YOU TURN TO PAGE 24, I'M JUST GOING OVER MOSTLY THE NEW THINGS THAT WERE ADDED THIS YEAR. PAGE 24 LISTS ALL IS THE NOTE FOR ALL THE LONG TERM LIABILITIES. THE ONLY THING THAT'S BEEN ADDED THIS YEAR IS THAT THAT OPA AGREEMENT FOR THE PANTHER EAST OF $145,000 WITH SEMINOLE PROPERTY. SO THAT IS UP IN A PARAGRAPH AT THE VERY BOTTOM OF THE PAGE. THOSE AMOUNTS WILL BE PAID OUT OF THE PROPERTY TAXES RECEIVED AS THEY COME IN. ON THE OTHER SECTION THAT IS USUALLY OF INTEREST IS ON PAGE 28. WE'VE LISTED ALL OF THE MEMORANDUM OF UNDERSTANDING AGREEMENTS THAT YOU HAVE WITH DEVELOPERS CURRENTLY, AND THE AMOUNTS THAT ARE DUE FROM DEVELOPERS AS YOU MEET CERTAIN AS REQUIREMENTS FOR THE ELIGIBILITY REPORT BEING APPROVED AND OTHER APPROVALS BY THE CITY COUNCIL. SO THOSE AMOUNTS. THE ONLY MEMORANDUM OF UNDERSTANDINGS THAT YOU HAVE AT THE END OF THE YEAR OR AS OF SEPTEMBER 30TH, OR WITH THE YELLOWSTONE SQUARE DEVELOPMENT, US DEVELOPMENT AND WILLOW CREEK PARK, I KNOW THAT THERE WERE A COUPLE SIGNED AFTER THE END OF THE YEAR, BUT AS OF THAT TIME, THOSE ARE THE ONLY ONES TO. AND THEN THE LAST THING I WANTED TO GO THROUGH REAL QUICK WAS THE BUDGET COMPARISON TO WHAT ACTUALLY HAPPENED. AND THOSE ARE ON PAGE 34. LEGALLY, YOU'RE REQUIRED TO PRESENT A BUDGET FOR EACH MAJOR FUND. SO THERE IS A BUDGET FOR EACH OF THE FUNDS 
          [00:15:02]
THAT WE'VE SHOWN ON THE BALANCE SHEET. PAGE 34 SHOWS THE BALANCE, THE BUDGET TO ACTUAL FOR THE RIVER COMMONS ALLOCATION FUND, THE PROPERTY TAXES WERE ACTUALLY LESS THAN WHAT HAD BEEN BUDGETED, AND I'M NOT SURE WHAT THE REASON IS FOR THAT, BUT I THINK THERE'S EXPECTED TO RECEIVE MORE DURING THE YEAR. THE PRINCIPAL AMOUNTS OR THE OPA AGREEMENT AMOUNTS PAID THAT WERE BUDGETED WERE A LITTLE HIGHER THAN WHAT ENDED UP ACTUALLY BEING PAID. AND THOSE WERE BECAUSE THOSE AMOUNTS ARE BASED ON THE PROPERTY TAX REVENUES RECEIVED. SO IF THE REVENUES RECEIVED ARE LESS THAN THOSE, OP OPA PAYMENTS ARE ALSO GOING TO BE LESS. AND THE CAPITAL OUTLAY THAT WAS BUDGETED DID NOT WAS NOT SPENT IN THE CURRENT YEAR. THE NEXT PAGE IS THE EAGLE RIDGE ALLOCATION. YES. QUICK QUESTION. I SEEM TO RECALL WE HAD THIS DISCUSSION A YEAR AGO TOO. WAS IT THE SAME THING A YEAR AGO? DO YOU REMEMBER THAT OUR ACTUAL REVENUES CAME IN UNDER WHAT WAS BUDGETED PROPERTY TAX? I DON'T REMEMBER OFF THE TOP OF MY HEAD. OKAY. I SEEM LIKE IT SEEMS LIKE WE DISCUSSED WHY IT WAS LESS PROPERTY TAX REDUCTION AT A STATE LEVEL AND WHETHER THAT IMPACTED, OH YES. AND IT MIGHT HAVE. RIGHT, RIGHT. THERE WAS A PROPERTY TAX REDUCTION. I DIDN'T KNOW IF IT CARRIED OVER TO THIS. RIGHT. AND I'M NOT SURE THAT WOULD BE BASED ON HOW THE BUDGET WAS CREATED. THE PROPERTY TAX REVENUES THAT WERE RECEIVED FROM YEAR TO YEAR WERE REALLY SIMILAR. SO I DON'T THINK THAT THERE WAS A CHANGE IN BETWEEN, BUT THE BUDGET PROCESS MIGHT NOT HAVE CAUGHT UP. COTTON CAUGHT UP TO THAT, TO THAT CHANGE SO I COULD. IF YOU'RE I MEAN, I DON'T WANT TO STEP TOO FAR OUT OF MY LANE HERE ON THIS, BUT IN 20 FOR THE LAST CYCLE, WE DID NOTICE THAT THE CITY THERE WAS A BIG SHIFT, EVEN THOUGH THE LEVY RATE DROPPED. COMMERCIAL ALSO DROPPED AND HOME VALUES WENT UP. SO THE OVERALL ASSESSED VALUE IN THE COUNTY WENT UP. BUT THERE WAS A SHIFT FROM COMMERCIAL TO RESIDENTIAL. AND SO JUST GENERALLY COMMERCIAL BROUGHT IN LESS ACROSS THE ENTIRE COUNTY. NOT JUST IT WOULDN'T BE JUST IN THIS AREA, BUT BUT YOU KNOW, EVEN THOUGH THE IT WAS A TAX SHIFT, THE VALUES HAVEN'T DROPPED. YOU'RE JUST SAYING IF THE LEVY RATIO. NO. YEAH. VALUES. IF VALUES STAYED CLOSE TO THE SAME. BUT THE LEVY RATE DID DROP IN THE CITY. YEAH. AND THEN AND SO THERE WAS A SHIFT TO RESIDENTIAL. AND SO THE COMMERCIAL WOULD HAVE BROUGHT IN LESS BECAUSE THE, BECAUSE THE LEVY RATE DROPPED. IF THE, IF THE COMMERCIAL APPRAISED VALUE STAYED THE SAME BECAUSE THE, BUT THE RESIDENTIAL ONES WENT UP AND THE LEVY TOTAL TAXES WOULDN'T HAVE DROPPED. BUT THE ALLOCATION BETWEEN THE TWO CHANGED. SO THAT DOES MAKE SENSE. OKAY. SO THAT'S PROBABLY SOMETHING TO KEEP IN MIND. YOU PROBABLY ALREADY YOU HAVE ISSUED OR YOUR BUDGET IS ALREADY FOR. AND THAT'S PROBABLY WHAT HAPPENED LAST YEAR, IS BY THE TIME WE CAME AND DID THE REPORT AND YOU HAD ALREADY ISSUED YOUR BUDGET FOR THIS FISCAL YEAR. AND SO WE HAVE THAT DISCUSSION. BUT IT DIDN'T MAKE IT INTO THE BUDGET. SO OKAY. ALL RIGHT. THANK YOU. SO ON PAGE 35 IS EAGLE RIDGE SIMILAR ISSUE. PROPERTY TAX REVENUES WERE NOT AS MUCH AS BUDGETED AND THERE WASN'T REALLY ANY CAPITAL OUTLAY FOR THE YEAR EITHER. JUST AMOUNTS IN PROFESSIONAL SERVICES. AND THE OPA AGREEMENT PAYMENTS WERE THE ONLY EXPENSES. 
          THE NEXT PAGE IS JACKSON HOLE. AND THOSE PROPERTY TAX AMOUNTS WENT UP AND THERE HAVE BEEN YOU GUYS TOLD ME MORE DEVELOPMENT IN THAT AREA. AND SO THOSE THOSE AMOUNTS ARE UP FROM THE PREVIOUS YEAR. AND AS A RESULT, THE PARTICIPATION AGREEMENT AMOUNTS DUE ARE ALSO HIGHER THAN WHAT WAS BUDGETED. SO AND THEN THE LAST PAGE, PAGE 37 SHOWS THE BUDGET FOR INCREASED. AND THERE WASN'T REALLY MUCH SPENT IN ANKARA EAST THIS YEAR. I THINK. BUT WE DID HAVE THAT PARTICIPATION AMOUNT AGREEMENT THAT WE ACCRUED AND SHOWS IT AS AN EXPENSE HERE, EVEN THOUGH IT WASN'T CASH PAID, IT WAS AN AMOUNT THAT WAS ACCRUED. SO. THAT IS ALL I HAVE FOR YOU GUYS. 
          [00:20:01]
UNLESS PEOPLE HAVE QUESTIONS, WHICH I'M HAPPY TO ANSWER. ONE QUESTION I HAD IS LAST YEAR WE HAD A BIT OF A DISCUSSION ABOUT WHERE WE'RE WHERE WE'RE SAVING OUR MONEY, WHAT FUNDS WE'RE PUTTING IT IN. DID YOU TAKE A LOOK AT THAT THIS YEAR? LIKE HOW WE'RE OUR OUR RESERVES, WHERE WE'RE HOLDING THEM ALL OF ANYTHING EXTRA THAT YOU'RE RECEIVING FOR FROM THE DEVELOPERS AND UNDER THE MOU IS BEING REPORTED IN THE RIVER COMMONS FUND. SO IF YOU WANT IN THE FUTURE, WE CAN SEPARATE THAT OUT AND CREATE AN ADDITIONAL FUND FOR SNAKE RIVER WEST OR, OR. BUT IN THE PAST, WHAT WE HAVE DECIDED IS THAT UNTIL THAT OR THAT URBAN RURAL DISTRICT HAS BEEN CREATED AND IS RECEIVING REVENUES, THAT WE WEREN'T CREATING AN ADDITIONAL FUND FOR IT. RIGHT. I THINK MY QUESTION IS, WHERE ARE WE INVESTING THOSE THOSE FUNDS THAT WE'RE HOLDING ON TO? OH, IT'S ALL IN THE STATE TREASURER'S. YEAH. THE LGA OKAY. ALL RIGHT. VERY GOOD. ANY OTHER QUESTIONS? I DO I HAVE ONE. SO THIS ON PAGE 11 THE DEVELOPER RECEIVED A GOAL OF THE 35,000 THAT RELATES TO THE INCOME THAT'S SHOWN ON 37 FROM THE EAST. ALLOCATION. IS THAT WHERE YOU WERE SAYING THAT. SO THE $35,000 IS SPLIT BETWEEN TWO. SO IT'S NOT FROM INCREASED THE. 30. 
          OH IT'S THE US DEVELOPMENT. YEAH. IT'S US DEVELOPMENT. AND WILLOW CREEK. BETWEEN THE TWO OF THEM THERE WERE AMOUNTS TO THAT. THEY HADN'T PAID YET OKAY. SO AND BOTH OF THEM WERE LET'S SEE. 
          YEAH 20,000 WAS DUE FROM FROM US DEVELOPMENT AFTER THE APPROVAL OF THE FIRST AMENDMENT TO THE EAGLE RIDGE PLAN AND THEN THE 15,000 AFTER THAT WAS DUE AFTER THE CITY COUNCIL APPROVED ELIGIBILITY FOR ON WILLOW CREEK PARK. OH, OKAY. OKAY, OKAY. THANK YOU. YOU'RE WELCOME. ALL RIGHT. ANY OTHER QUESTIONS ABOUT THE AUDIT? THANK YOU. STACY, WE REALLY APPRECIATE YOUR HELP. AND WE APPRECIATE THE GOOD WORK THE COMPANY DOES ON THIS. SO THANK YOU. WE WILL. SO NEXT I THINK WE NEED TO HAVE A MOTION TO ACCEPT THE FISCAL YEAR 2024 AUDIT AND AUTHORIZED FILING AUDIT WITH THE STATE COMPTROLLER'S OFFICE, LEGISLATIVE SERVICES OFFICE AND OTHER LOCATIONS AS MAY BE REQUIRED BY STATUTE. IS THERE A MOTION FOR THAT? I'LL MOTION TO ACCEPT THE AUDIT REPORT THAT WAS ISSUED BY COMPANY. SECOND, ARE THERE ANY OTHER COMMENTS OR QUESTIONS? VERY GOOD. ALL IN FAVOR, SAY AYE. AYE AYE. ANY OPPOSED? SAY NAY. THAT MOTION PASSES UNANIMOUSLY. ALL RIGHT. 
          VERY GOOD. IS THAT ALL WE NEED ON THAT, MEGAN? I THINK THAT'S ALL WE NEED. YES, THAT'S THAT'S 
          [7. ACTION ITEM: Consider Resolution 25-03 Approving the Memorandum of Understanding with McNeil Development for a Proposed Urban Renewal District]
GOOD. ALL RIGHT. THE NEXT THING IS WE'VE GOT A DRAFT MEMORANDUM OF UNDERSTANDING WITH MCNEILL DEVELOPMENT. SO, LAUREN, BEFORE. YES, BEFORE. I'D JUST LIKE TO MAKE A STATEMENT. I'LL HAVE TO RECUSE MYSELF. JUST SO YOU KNOW, WITH INTERACTIONS WITH MCNEILL BECAUSE OF MY OTHER ROLE AS THE CDS DIRECTOR WITH THE CITY. THIS WOULD ALSO INCLUDE INTERACTIONS OF MYSELF WITH THE WALKERS. SO JUST SO THE BOARD IS AWARE THEY WILL HAVE TO DIRECT INTERACTION, ESPECIALLY IN MY ADMINISTRATIVE ROLE FOR DIRECTION, FOR STAFF MOVING FORWARD. AND JUST FULL DISCLOSURE, I, I DRAFTED THE MAP THAT YOU HAVE BEFORE YOU THAT WAS UNDER DIRECTION BY THE WALKERS. I REALIZED THAT MAP IS NOT LEGALLY BINDING, AND THAT A LEGALLY BINDING MAP WOULD COME FORWARD AS PART OF THE ELIGIBILITY REPORT. BUT JUST SO YOU KNOW, I WAS THE ONE THAT DRAFTED THAT DOCUMENT. SO JUST WANTED TO MAKE THAT DISCLOSURE AND THEN I'LL RECUSE MYSELF. OKAY. AND THEN I THINK WE ALSO HAVE TO DEAL WITH ANOTHER RECUSAL TOO, AS I UNDERSTAND, SINCE WE'VE SINCE BASED ON THE CURRENT MAP, IT WOULD INCLUDE PROPERTY BASED ON THE CURRENT MAP. I AM A PROPERTY OWNER IN THE PROPOSED. DISTRICT, SO I WOULD REFUSE MYSELF FROM TAKING ACTION ON THIS ITEM. OKAY, WE STILL HAVE ONE, TWO, THREE, FOUR OF US, WHICH I BELIEVE IS A QUORUM, RIGHT, MEGAN. BUT YES, THAT YOU'RE FINE TO MOVE FORWARD. YEP. VERY GOOD. SO, LAUREN, DO YOU WANT TO PRESENT 
          [00:25:04]
ON THIS? DO YOU WANT TO TALK ABOUT THIS? OH, JUST ONE THING. YEAH. LET'S LET'S TALK ABOUT I MEAN, I'VE GOT A COUPLE PROBLEMS. ONE IS NOW I DON'T HAVE AN EXECUTIVE TO HELP US WITH THIS, SO I'VE GOT TO FIND SOMEBODY TO DEAL WITH THAT. BUT LET'S LET'S HEAR WHERE YOU'RE AT AND LET'S KIND OF TALK ABOUT IT A LITTLE BIT HERE SO THAT WE CAN KEEP IT MOVING. OKAY. OKAY. 
          LAUREN WALKER MCNEIL DEVELOPMENT. WE HAVE RECEIVED A DRAFT FROM MEGAN ON THE MOU. AND WE'VE READ THROUGH IT AND WE FIND THE TERMS AND CONDITIONS ACCEPTABLE TO US AND WOULD LIKE TO CONTINUE TO MOVE FORWARD, TO GO THROUGH THE PROCESSES THAT YOU ARE NOW. OKAY. JUST WANTED TO STATE THAT ONE QUESTION I HAVE IS, YOU KNOW, THERE'S THIS QUESTION AND I THINK WE'LL GET INTO THIS AND WE'LL GET SOME QUESTIONS FROM THE OTHER MEMBERS OF THE BOARD. BUT MY QUESTION IS JUST THE SIZE OF THIS, OF THIS AREA, REALLY BASICALLY. I MEAN, I KNOW YOU'RE YOU'RE WORKING ON THE ONE HOTEL ON THE, ON THE LOTS, WHICH IS A TOWN PLACE SUITES. AND THAT SEEMS LIKE YOU'RE MAKING GOOD PROGRESS ON THAT, BUT YOU NEED TO BLAST THEM TO SALT. IS THAT RIGHT? THAT'S CORRECT. OKAY. AND THEN THERE'S KIND OF THE BIGGER PICTURE OF THE PROPERTIES YOU HAVE ON THE RIVER. AND I THINK I'M THE ONE QUESTION I HAVE IS YOU'VE GOT PLANS FOR THOSE. I THINK WE'VE TALKED ABOUT THIS FROM THE BEGINNING. ARE WE REALLY READY TO MOVE FORWARD WITH THOSE PLANS? I'D RATHER DO AN AREA THAT'S SUCCESSFUL AND THEN DO ANOTHER AREA THAT'S SUCCESSFUL. 
          THEN DO THEN START ON ONE THAT WE CAN'T COMPLETELY FINISH. SO I GUESS THE QUESTION I'D RATHER, YOU KNOW, I THINK TAKING THINGS IN CHUNKS SO WE CAN ALWAYS DO ANOTHER ONE, BUT ONCE WE START IT, THEN IT'S GOING TO BE HARD FOR US TO STOP THE OTHER ONE. SO MY QUESTION IS LIKE, REALLY IN THE ECONOMIC CLIMATE WE'RE AT AND YOU KNOW, WHAT FINANCING IS AND WHERE FUNDS ARE WE WHAT IS REALLY THE FEASIBILITY OF THE BIGGER PROJECT OTHER THAN THE HOTEL, THE TERM FOR THE LENGTH OF TIME THAT THIS DISTRICT WOULD BE OPEN IS, IS 20 YEARS. IS IT 20 YEARS, 20 YEARS. WE'VE LOOKED AT THAT AND WE'VE HAD SOME PRIOR DISCUSSIONS ABOUT THE LIKELIHOOD THAT YOU COULD COMPLETE THIS WITHIN THAT TIME FRAME. AND WE BELIEVE WE CAN. I UNDERSTAND, YOU KNOW, PUTTING THIS IN PHASES OR NOT PHASES, BUT MAYBE A DISTRICT NOW AND ONE WINNER IS A REASONABLE THING TO TALK ABOUT. 
          BUT BECAUSE IT WILL PROBABLY TAKE MOST OF THAT TIME TO DO THIS, IN OUR OPINION, WE HAVE, YOU KNOW, SOME PERSONAL MOTIVATIONS TO MOVE IT ALONG MORE QUICKLY THAN WE HAVE IN THE PAST. WE'VE UNFORTUNATELY BEEN IN A WINDOW THAT FOR US, IT'S BEEN A LITTLE CHALLENGING WITH RECESSION AND THEN COVID, YOU JUST HAD MOSTLY BUILDING COSTS, ISSUES THAT RESULTED AND A LACK OF TENANTS BECAUSE EVERYBODY WENT HOME FOR THE MOST PART TO WORK. NOT EVERYBODY, BUT BUT A GREAT DEAL OF PEOPLE. AND WE CAN'T PREDICT THE FUTURE. BUT THIS MAY HAPPEN AGAIN. THERE COULD BE ALL KINDS OF. MEETING SITUATIONS, BUT WE BUT WE HAVE A WHAT WE COULD DO IS WE COULD STUDY THIS MAP OUT WITH YOU AND SAY, THIS, LET'S TURN THIS INTO TWO PIECES AND DO A DISTRICT NOW AND THIS LATER. WE COULD DO THAT. WHAT I FEAR IS THAT THE ECONOMY IN FRONT OF US ISN'T CLEAR WHETHER COMMERCIAL IS GOING TO BE A VIABLE. INDUSTRY IN THE FUTURE FOR US TO BUILD TO OR COMMERCIAL. AND SO WE'RE INCLINED TO PUT IT TOGETHER SO THAT THERE'S A FLEXIBILITY IN OURSELVES TO SAY, WELL, WE'RE GOING TO GO UP WITH SOME COMMERCIAL BUILDINGS HERE BECAUSE THERE'S NO DEMAND FOR RESIDENTIAL DEVELOPMENT. BUT ON THE OTHER HAND, IT MIGHT BE JUST THE OPPOSITE, DEPENDING ON WHAT HAPPENS IN THE WORLD. AND SO THIS WAS TO US, IT WAS AN APPROACH THAT THAT GIVES US THE FLEXIBILITY TO MOVE ONE WAY OR THE OTHER WITHIN, WITHIN THAT OPTIMAL OR WITHIN THAT BOUNDARY. AND SO THAT'S WHY AT THIS POINT, WE'VE CHOSEN TO INCLUDE IT ON. 
          [00:30:07]
YEAH, I SEE THAT I UNDERSTAND THAT. SO WHICH, WHICH LOTS THE, THE LOTS THAT THE HOTEL WOULD B. 
          WHICH ONES ARE. THERE'S CERTAIN NUMBERS OF THOSE. RIGHT. THE FIRST THREE IS IT CORRECT. 
          CORRECT. THE MOST NORTHERN THREE. RIGHT. I MEAN, ONE THING I'M JUST THINKING IS, YOU KNOW, MAXIMIZING HOW MUCH BENEFIT YOU CAN GET FROM THE AGENCY IS, YOU KNOW, IF YOU HAD A PROJECT THAT'S READY, YOU KNOW, THAT SOMEBODY'S READY TO COMMIT. AND REALLY MOVING ON A CERTAIN WHATEVER IT IS. YEAH. I MEAN, I THINK WE CAN GET YOU IF YOU COME TO US RIGHT WHEN THEY WHEN THEY'RE READY TO GO, WE CAN GET YOU MOVING AND STILL GET THAT LINED UP. BUT THAT WAY WE GET YOU THE FULL 20 YEARS FROM THAT PROJECT INSTEAD OF 19 OR 18 OR 17 OR 10. YEAH. AND I JUST THINK WE WE'RE PRETTY WE'VE MADE PROGRESS ON MOVING THESE FAST AS LONG AS YOU, YOU KNOW, AS LONG AS THEY'RE NOT ALREADY BEING BUILT. WHEN YOU COME TO US FOR SURE THAT YOU'RE STILL IN THAT PROCESS, I THINK WE CAN WE CAN GET IT GOING. SO THAT'S PART OF WHY I JUST WOULD LIKE TO TAKE IT ONE BITE AT A TIME. BUT THAT'S JUST SOME COMMENTS FROM ME. I NEED TO HEAR FROM EVERYBODY ELSE HERE. LET'S LET'S GET QUESTIONS FROM FROM EVERYBODY ELSE WHO'S NOT RECUSED. WELL, I JUST KIND OF IN IN GENERAL IS THERE ANY ADDITIONAL INFORMATION THAT YOU WOULD BE COMFORTABLE WITH LETTING US KNOW ABOUT AS FAR AS POTENTIAL PROJECTS THAT MIGHT BE COMING DOWN THE PIKE, KIND OF FOLLOWING UP ON WHAT LEE'S SAYING ABOUT, YOU KNOW, THE PACE OF DEVELOPMENT AND SO FORTH. IS THERE ANYTHING ELSE THAT YOU CAN KIND OF DISCUSS AT THIS POINT ABOUT WHAT MIGHT BE FORTHCOMING? WELL, I CAN I CAN SHARE THAT WE'RE CONTINUING IN DISCUSSIONS WITH A RESTAURANT, FOR EXAMPLE, THAT'S ALONG THE RIVER, THE SOUTH PART OF THIS THAT YOU SEE ON THE SCREEN IS THAT MORE SO WE'RE ALSO WORKING WITH PEOPLE ON A RESIDENTIAL COMPONENT, THE FIRST PHASE OF OUR RESIDENTIAL COMPONENT THAT IS ACROSS FROM THE HOTEL, AND WE HAVE HAD INTERESTED PARTIES TO THE WEST SIDE OF THE CANAL. THEY HAVEN'T BEEN IN THE KIND OF FIT THAT WE FEEL IS THAT CASTS WELL INSIDE THE DEVELOPMENT. SO WE'VE TURNED DOWN A COUPLE ACTUALLY, MAYBE THREE, I THINK THREE THAT JUST WEREN'T QUITE THE FIT. BUT BUT THERE HAS BEEN INTEREST. IT'S JUST JUST GETTING THE RIGHT PEOPLE AND WE'LL CONTINUE THAT PROCESS AS WE GO ALONG. I IF I WERE TO I APPRECIATE WHAT YOU'RE SAYING ABOUT TIMING SO THAT YOU HAVE THE FULL BENEFIT OF A DISTRICT'S LIFE. I WISH I COULD FORECAST BETTER WHERE WHERE WE MIGHT GO. BUT IF IT BECAME YOUR INTEREST TO AND YOU FELT IT WAS THE BEST INTEREST FOR THE DISTRICT AS WELL TO CREATE TWO PARTS, WE WOULD DO OUR VERY BEST, OUR PART. AND I THINK YOU ADDRESSED THIS A LITTLE BIT, LEE. AND THAT IS IN OUR CONCERN AND WHY WE WANTED TO PUT IT ALL TOGETHER IS FOR THAT FLEXIBILITY IN WHERE WE GO. BUT IF WE COULD MOVE QUICKLY, LIKE I THINK YOU'RE DOING NOW IN SETTING UP A DISTRICT TWO YEARS FROM NOW ON A PROJECT, AND I DON'T KNOW WHAT THE TIME FRAME WOULD, WHAT THE TIME FRAME WILL BE EVEN FOR THIS ONE FOR SURE. BUT FROM FROM NOW. WELL, WE MET WITH YOU LIKE A MONTH AGO OR SOMETHING LIKE THAT. HOW LONG IT WILL TAKE TO ACTUALLY HAVE IT IN PLACE? BUT IS THAT LIKE A FOUR MONTH? YEAH, IT'S GOING TO TAKE USUALLY IT TAKES US 10 TO 11 MONTHS TO DO IT. BUT ON THE OTHER HAND, LIKE THE BENEFIT YOU'RE GETTING FROM IT, IT'S NOT GOING TO COME UNTIL THE PROPERTY TAX YEARS COME, PROPERTY COMES IN ANYWAY. AND THAT'S NOT GOING TO HAPPEN UNTIL, YOU KNOW, THE BUILDING GETS BUILT AND THE CERTIFICATE OF OCCUPATION OCCUPANCY GETS ISSUED. SO YOU'RE ALWAYS, YOU KNOW, IF YOU'VE GOT SOMEBODY WHO WANTS TO BUILD A RESTAURANT TODAY. THAT RESTAURANT'S IN THE IDEAL CIRCUMSTANCES IS NOT GOING TO BE OPEN UNTIL JANUARY 28TH, AND IT'S GOING TO START PAYING PROPERTY TAXES, MAYBE IN, YOU KNOW, MAYBE IN 28, AND THEN YOU'LL RECEIVE THEM IN 29. SO WE HAVE TIME. YOU KNOW, EVEN IF YOU HAD SOMEBODY TOMORROW WANTED TO BUILD A RESTAURANT, WE GOT TIME. 
          [00:35:06]
AS LONG AS YOU COME TO US AND SAY, I WANT TO GET THIS RESTAURANT HERE, BUT I NEED HELP TO GET THEM HERE, THEN WE CAN PUT IN A SMALLER ONE. AND JUST THE TREND HAS BEEN, I THINK ONE THING THAT'S GOING ON HERE IS LIKE WHEN WE DID THE ORIGINAL SNAKE RIVER PLAN THAT THAT WE WORKED WITH YOU GUYS ON BEFORE, WE DID THE WHOLE THING FROM PANCARI TO THE HIGHWAY AND, YOU KNOW, RIVER TO THE FREEWAY, THE WHOLE BIG AREA. AND THAT WAS WHEN WE HAD THE 28 YEAR TIME FRAME. BUT OVER SINCE THAT TIME, WE'VE GOT LEGISLATURE REDUCED THIS TO 20 YEARS. AND OUR RESPONSE TO THAT, I THINK YOU'LL EVEN SEE, LIKE, NOT IF NOW WE HAVE THIS AREA AND THIS AREA AND THIS AREA, YOU KNOW, LIKE, YOU KNOW, WE'RE DOING A. SNAKE EAGLE RIDGE, THE WEST ONE THAT'S, YOU KNOW, ONLY A FEW BLOCKS LIKE THIS HOTEL. WE'RE DOING THEM PIECEMEAL SO THAT WE CAN GET THE FULL 20 YEARS BECAUSE WE DON'T HAVE THAT BENEFIT OF THAT 28 YEARS ANYMORE. SO WE'VE JUST GONE TO SMALLER PARCELS, AND THAT'S BEEN MORE SUCCESSFUL FOR US. OKAY. WELL, I'M NOT OPPOSED TO THAT, GIVEN THAT AS LONG AS YOU KNOW, BEFOREHAND, BEFORE WE START CONSTRUCTION OR THESE KINDS OF THINGS THAT YOU ARE ALL THAT AT LEAST WE'VE STARTED THE PROCESS OF CREATING THE DISTRICT AND WE CAN MAKE THAT WORK AS WELL, BECAUSE THERE'S MOST THINGS TAKE 2 OR 3 MONTHS OF PLANNING JUST TO GET GOING BEFORE YOU EVER CONSTRUCT ANYTHING. RIGHT. AND IF THAT WERE THE PATTERN WOULD WORK. AND WE CAN WORK WITH YOU IN THAT, IN THAT TIME FRAME. BUT WE'RE NOT OPPOSED TO THAT. I WOULD SAY I WORRIED ABOUT IT. THAT'S WHY I PUT IT ALL TOGETHER SO THAT WE COULD MOVE QUICKLY WHEN SOMEBODY WANTS TO MOVE QUICKLY. BUT UNDER WHAT YOU JUST DESCRIBED THOSE TERMS, I THINK WE COULD DO THAT TOO. YEAH. I THINK WE HAVE THE MODEL WITH THIS. LIKE. LIKE YOUR HOTEL, LIKE YOU CAME TO US AND IT'S NOT YOU'RE NOT DIDN'T TURN IT DOWN YET, BUT WE'RE MOVING ON IT AND WE'RE FINE RECENTLY. WELL, THE QUESTION THAT I HAVE ABOUT BREAKING IT UP IS THAT WILL SOME OF THOSE PARCELS, PARTICULARLY TO THE WEST, EVEN BE ELIGIBLE? I MEAN, IS IT THE OVERALL ELIGIBILITY OF THE BASALT THAT'S ASSOCIATED NEAR THE RIVER THAT MAKES THE WHOLE PARCEL ELIGIBLE? BECAUSE, AS YOU DO AN ELIGIBILITY STUDY, IS THAT JUST GOING TO BE THAT WAS WHY I WAS WONDERING IF THAT'S WHY YOU HAD INCLUDED THEM, PARTLY BECAUSE, YOU KNOW, MAYBE THEY MAYBE IN THE FUTURE IT WOULDN'T BE AN ELIGIBLE PROJECT BECAUSE OF THE, YOU KNOW, LIKE WHAT WOULD WHAT WOULD MAKE SOME OF THOSE PIECES? I MEAN, I THINK FOR ME IT'S MOSTLY THE BASALT BECAUSE THE STREETS ARE ALL IN AND AREN'T GOING TO CHANGE, YOU KNOW. SO YOU LOOK AT THE 14 FACTORS OF INADEQUATE STREET INFRASTRUCTURE, INADEQUATE LOT LINES. A LOT OF THOSE ARE NOT GOING TO BE RIGHT, BECAUSE THE STREETS ARE ALREADY IN NOW, TODAY AND IN THE FUTURE. BUT THE BASALT IS RIGHT. SO IN THIS CASE, THE BASALT THAT'S ASSOCIATED UP BY THE HOTEL WOULD MAKE IT ELIGIBLE. BUT WOULD IT IS WHAT IS THE I GUESS WE JUST ASSUME THAT THERE'S BASALT ALSO ON THAT WESTERN PART OF THE COVERS OVER BY COLORS. I MEAN THAT'S THE ASSUMPTION THAT THE WHOLE THING WOULD BE ELIGIBLE BECAUSE OF BASALT. AND SO WE'RE NOT LOOKING AT A PERCENTAGE OF THE GROUND BEING ELIGIBLE BECAUSE OF. RIGHT. IT'S A GOOD QUESTION. AND OF COURSE, THE STUDY WOULD HAVE TO BE DONE. BUT I MEAN, I THINK LAUREN'S GOT ENOUGH EXPERIENCE. HE'S GOT A PILE OF BASALT ON THE, ON THE LOT NEXT TO CULVERS. SO THAT PART YOU'RE YOU'RE NOT CONFIDENT THAT WE CAN MOVE FORWARD WITH I, I WOULD, I WOULD LIKE A SMALLER FOOTPRINT AS WELL. AND SO I WAS JUST QUESTIONING MY OWN SELF ABOUT WHETHER OR NOT I WAS LOOKING AT THE WHOLE PICTURE. 
          AND IF YOU THINK THAT ELIGIBILITY FOR THE FOR A SMALLER AREA WOULD WORK. GOOD QUESTION. YEAH, CHRIS, MY ONLY QUESTION ABOUT THAT IS THERE WAS CONCERN BEFORE ABOUT THE EGRESS TO THE AREA FROM PANCARI AND TO THE WEST. AND I WATCHED THE VIDEO FROM LAST MONTH. THANK YOU. AND THERE WAS DISCUSSION ABOUT THE SIZE OF THE ROUNDABOUT THAT YOU GUYS HAD LAST MONTH. 
          AND IF YOU JUST PUT IN THE HOTEL, THEN IS THAT SUFFICIENT EGRESS TO THE AREA? OR IF YOU WERE DOING THE WHOLE THING, WAS THAT THE FIRST THING YOU WERE PLANNING TO DO WAS DO ALL THE INFRASTRUCTURE IMPROVEMENTS WITH EGRESS? I DON'T KNOW THE TIMING OF WHAT YOU HAD PLANNED. WELL, IT'S YEAH, LIKE YOU'D MENTIONED EARLIER, MOST OF THE ROAD UTILITIES IS IN. WE DON'T REALLY HAVE A PLAN TO CHANGE THE ROUTING OR, OR WHAT UTILITIES ARE ALREADY IMPLEMENTED. SO AND I HAVE MIGHT CHANGE. PARDON ME. THE SIZE MIGHT CHANGE. RIGHT. IT MIGHT IF LIKE TO PANCARI WERE AND THE ROUNDABOUT APPARENTLY WAS A DISCUSSION ITEM. RIGHT. I HAVEN'T BEEN IN THE PUBLIC DISCUSSIONS OR PRIVATE DISCUSSIONS FOR THAT MATTER. STREET CHANGES THAT THE CITY 
          [00:40:04]
MIGHT WANT TO SEE. SIZE OF ROUNDABOUT, SORT OF STREET CHANGES AND SO FORTH. AND WE'RE CERTAINLY OPEN TO TALK ABOUT ALL OF THAT. BUT ONE OF THE THINGS KIND OF, TO YOUR POINT A LITTLE BIT IS, IS IN, IN SEPARATING OR MAKING THESE SMALLER PIECES. IF YOU WANTED IT CONTIGUOUS, RIGHT, YOU WANT WHENEVER YOU DO A DISTRICT, WHATEVER PIECES ARE IN IT NEED TO BE CONTIGUOUS BY AT LEAST A BOUNDARY. ONE BOUNDARY, RIGHT IS DO I UNDERSTAND THAT? RIGHT? RIGHT. THAT'S WHAT WE'RE TRYING FOR. AND SO IF LET'S SAY WE DO THE HOTEL AND, AND THEN, AND THEN WE NEED TO DO SOMETHING OVER HERE BY THE BIG ROUNDABOUT ON THE WEST. AND WE DON'T HAVE CONNECTIVITY BUT, BUT THEY COULD GO TOGETHER ABOUT THE SAME TIME. IS IT. YOU STILL FEEL LIKE THAT A PROCESSES ARE, ARE REFINED ENOUGH THAT THERE WOULD BE TIME TO TAKE CARE OF ALL THAT. YEAH, I DON'T THINK YEAH. I DON'T THINK WE'LL BE ABLE TO GO OVER AND DO THE BIG ROUNDABOUT IF WE'RE JUST DOING THE HOTEL. I THINK WE GOT TO DECIDE NOW IS THE THOSE THREE LOTS. IS THAT IN THE HOTEL THERE, IS THAT PUTTING ENOUGH PRESSURE ON THAT? WE NEED TO THINK ABOUT THESE OTHER THINGS. AND THAT'S A THAT'S A VALID QUESTION. BUT I THINK TO ME WE WERE INCLUDING THAT ROUNDABOUT BECAUSE WE HAVE SOME OF THE LOTS AROUND THAT. AND IF WE START WORKING ON THOSE LOTS, WE WANT TO IMPROVE THOSE THAT ROUNDABOUT, LIKE THE LOT NEXT TO CULVER'S THAT WE WERE WORKING ON, THAT YOU CERTAINLY WANT TO DO SOME OF THE ROUNDABOUT, BUT I DON'T THINK WE WERE TRYING TO REACH OUT TO THAT ROUNDABOUT AT THIS POINT UNLESS IT WAS A HUGE RESIDENTIAL, WHICH WE WERE THINKING ABOUT AS WELL. YEAH. SO DOES THAT ANSWER YOUR QUESTION, CHRIS? CHRIS HARVEY'S GOT ANY QUESTIONS? YEAH. ARE THE IT SOUNDS LIKE THERE MAY BE SOME BENEFIT TO WAITING. LIKE REGARDLESS OF WHETHER WE BREAK IT INTO TWO PIECES OR NOT OR ARE THE THREE LOTS ON THE NORTH FOR THE HOTELS? THOSE ARE, THOSE ARE READY TO GO. THAT'S THE LIKE THE IMMEDIATE PLAN. THAT'LL BE THE FIRST. YES. THAT'S THE MORE IMMEDIATE PLAN. AND THERE'S A LOT OF WORK BEING DONE ON THAT. NOW. YOU GOT CONSTRUCTION PLANS, YOU'RE WORKING. YOU'RE MOVING FORWARD ON TURNING DIRT THIS SUMMER. BUILDING SITE PLAN. SO WE NEED TO GET THEM. WE NEED TO GET THEM MOVING ON THAT IF WE'RE GOING TO WE'RE GOING TO GET THEM MOVING. SO ALL RIGHT THAT'S A GOOD DISCUSSION BRIAN. WELL I THINK YOU KIND OF TOUCHED ON THIS, BUT SO WHEN YOU'RE PLANNING AND WITH WHATEVER PROJECTS MAY BE COMING DOWN THE PIKE HERE IN THE NEAREST FUTURE IN YOUR PLANNING, DO YOU HAVE AN EMPHASIS ON TRYING TO KIND OF DEVELOP MORE OF A CONTIGUOUS PATTERN, OR ARE YOU ENTERTAINING MORE OF A BROKEN UP? I DON'T KNOW, PATTERN. NOT NOT A REAL PATTERN, BUT JUST IN THE LARGER AREA HAVING SUITABLE DEVELOPMENTS OCCUR? I THINK BOTH, IF THAT'S A FAIR ANSWER, BECAUSE BECAUSE OF THE ROADS AND UTILITIES ARE IN AND THE, THE LOTS ARE PLATTED AND THOSE KINDS OF THINGS, IF WE HAVE AN INTEREST ON THE FAR WEST THAT IS COMPATIBLE WITH THE PROJECT, WE WOULD LIKE TO BE ABLE TO MOVE ON THAT EVEN THOUGH OUR PATTERN WILL KIND OF THE WAY WE'RE PLANNING RIGHT NOW WILL FOLLOW CLOSER TO THE HOTEL AND ACROSS THE STREET THERE AND ALONG THE RIVER A BIT. SO IT REALLY BECAUSE THEY'RE ALREADY LOTS TO SALE OR TO IMPROVE THE STRUCTURE, IT WOULD BE BOTH. 
          OKAY. ALL RIGHT. GOOD. MEGAN, A QUESTION FOR YOU. I MEAN, COULD WE APPROVE THIS MEMORANDUM OF UNDERSTANDING AND JUST DEFINE IT AS THE THREE NORTHERN LOTS ON THE ON THE WEST SIDE OF THE ROAD RIVERWALK, RIGHT. YES. THANK YOU, MR. CHAIR. COMMISSIONERS. CERTAINLY. THE ATTACHED MAP WAS JUST THE REPRESENTATION OF THE AREA THAT COULD BE STUDIED. THERE CERTAINLY CAN BE CHANGES TO THE MAP. AND IN FACT, WE JUST I THINK IN GENERAL, YOU WANT TO SET AN AREA TO BE REVIEWED, RECOGNIZING THAT IN THE FUTURE THE REVENUE ALLOCATION AREA CAN ALWAYS BE SMALLER. WITH THE DISCUSSION THAT'S OCCURRING HERE TODAY, I THINK IF THIS MOVES FORWARD, WE WOULD WANT TO REPLACE THIS MAP WITH MORE. THAT'S MORE REPRESENTATIVE OF THE AREA THAT IS GOING TO ACTUALLY BE STUDIED. SO YOU COULD PROCEED WITH APPROVING WITH THE RESOLUTION, NOTING THE 
          [00:45:09]
CHANGE TO THE MAP THAT WILL HAVE TO BE MADE PRIOR TO SIGNATURE. OKAY. AND I YOU KNOW, JUST A QUICK COMMENT ABOUT THE RIVERWALK MOU. YOU KNOW, THESE THESE MOUS REALLY ARE A PATH FORWARD TO CREATION OF A DISTRICT, BUT IT'S NOT A GUARANTEE AS TO THE FINDINGS OF ELIGIBILITY OR ULTIMATELY, CITY COUNCIL ACTION IN THE ORDINANCE. RIGHT? RIGHT. VERY GOOD. OKAY. 
          ARE WE READY TO MOVE FORWARD? I THINK SOMEONE COULD MAKE A MOTION TO APPROVE THE ENTIRE THING, OR A MOTION TO APPROVE THE MEMORANDUM OF UNDERSTANDING WITH JUST THE THREE NORTHERN LOTS FOR THE HOTEL. SOMEONE WANT TO MAKE A MOTION? I HAVE A QUESTION ABOUT THAT. SO THE MOU ANTICIPATES FUNDING FOR THE ELIGIBILITY REPORT. THE ELIGIBILITY REPORT CAN ALSO CONSIDER DIFFERENT OPTIONS. RIGHT. LIKE CONSIDER THE ENTIRE PIECE. BUT IT COULD ALSO CONSIDER BREAKING OUT A DIFFERENT PORTIONS OF IT. OR I THINK WE'RE REALLY TELLING THE CONSULTANT WHAT AREA TO STUDY. SO WE'RE GIVING THEM THE DIRECTION OF WHICH AREA TO STUDY. SO IF WE TELL THEM THE THREE LOTS, THEY'LL STUDY THAT. IF THEY TELL THEM THE BIGGER ONE, THEY'LL STUDY THAT. SO THE THREE LOTS WOULD JUST BE THE DISTRICT THAT WE'RE WRITING ABOUT. JUST THOSE THREE LOTS. THIS IS THE HOTEL COMPANY VALUE THE HOTEL. CAN YOU TELL ME ROUGHLY WHAT WE'RE TALKING 20 TO 30 MILLION. HOW MUCH? 20 TO 30 FOR THE HOTEL, 20 2025. OKAY, SO THAT'S A SUBSTANTIAL HOTEL. THAT'S A THAT'S A BIG THAT'S A BIG PROJECT. SO FEASIBILITY ECONOMIC FEASIBILITY. AND AS FAR AS THE DISTRICT GOES, IT'S GOING TO BE SATISFACTORY. YEAH. YEAH YEAH EASILY BECAUSE OF THE BASALT BLASTING COSTS ARE GOING TO BE NOT ANYWHERE IN THAT TYPE OF MAGNITUDE BY ANY PERCENTAGE OF THE PROPERTY TAXES. YEAH. RIGHT. AND IF IT MAKES IT EASIER TO FOR THE DECISION MAKING PROCESS, WE'RE OKAY IF WE WANT IT TO SEPARATE HOTEL AND HAVE A DISTRICT. AND THEN WE'LL BE WORKING TOWARDS THE NEXT STEP BASED ON, YOU KNOW, THE, THE METHODS THAT YOU HAVE TO ACCELERATE AND GET THINGS COVERED UNDER THE DISTRICT. THAT WOULD BE OKAY. RIGHT? THAT IS A PRIORITY. THAT'S THE ONE THAT THAT BROUGHT US HERE TO BEGIN WITH. AS FAR AS, YOU KNOW, URGENCY. SO OKAY. ALL RIGHT. SOUNDS GOOD. BUT THEN ONE MORE THING. BUT THEN SOME OF THE IMPROVEMENTS THAT MIGHT NEED TO BE MADE TO THOSE ARTERIAL STREETS ARE NOT ELIGIBLE. THAT'S RIGHT. BECAUSE SO WE DON'T KNOW WHAT THE WE DON'T KNOW WHAT KIND OF PRESSURE THE HOTEL WILL CAUSE TO THE INFRASTRUCTURE THAT MIGHT NEED IMPROVED. THAT MIGHT NOT BE ELIGIBLE UNDER THE. THAT'S RIGHT. YEAH. YEAH. SO WE'RE WEIGHING THAT VERSUS THE TIME LIMIT THAT WE'RE UP AGAINST THE 20 YEAR TIME LIMIT. JUST LIKE A LOT OF OUR DEVELOPMENTS. WE'RE PUTTING PRESSURE ON OTHER SURROUNDING THINGS. I MEAN I DO KNOW THAT THAT THERE ARE FROM PERIPHERAL CONVERSATIONS NOT I MEAN, THIS IS JUST ENOUGH TO BE IN TROUBLE, BUT THERE ARE CONVERSATIONS ABOUT NEEDING RIGHT HAND TURN LANES OFF OF PENN CAREY. AND I MEAN, THERE ARE CONVERSATIONS ABOUT THAT AT THE CITY LEVEL, BUT I'M NOT REALLY I CAN'T SPEAK TO THEM. 
          AND SO IT'S HARD TO. IT'S JUST ENOUGH TO BE IN TROUBLE, IS WHAT I'M SAYING. I KNOW THAT I KNOW THAT WE NEED SOME INFRASTRUCTURE DONE IN THIS AREA TO, TO MANAGE IT. AND SO, YEAH. SO DO WE NEED TO AMEND IT OR LIKE MEGAN SAID, CAN THAT BE DONE BECAUSE IT JUST THIS AREA YOU CAN ALWAYS MAKE THE AREA SMALLER. DO WE NEED TO DECIDE THAT RIGHT NOW OR CAN WE JUST KEEP IT MOVING FORWARD AND THEN SHRINK THE AREA IF NECESSARY? AND I THINK THEY BECOME FUNDAMENTALLY DIFFERENT CONSULTANT REPORTS IF IT'S ONE THING VERSUS ANOTHER. SO I'M TRYING TO GIVE SOME DIRECTION. 
          SO REALLY THE ONLY THING WE WOULD BE LOOKING AT IN THIS WOULD BE THE REMOVAL OF THE SALT. WE WOULDN'T BE LOOKING AT ANY OTHER IMPROVEMENTS IF WE JUST DID THE THREE AREAS THAT WOULD. THE ELIGIBILITY REPORT WILL COME BACK AND SAY, YES, THERE'S THE SALT AND THE FINANCIAL ELIGIBILITY WILL COME BACK AND SAY, HOW MUCH MONEY CAN YOU GIVE THEM FOR THE REMOVAL OF THE SALT? RIGHT. FOR THIS? AND WE WOULDN'T BE LOOKING AT WATER SEWER. I MEAN, I MEAN ANY KIND OF ROAD. YEAH. I ONLY HAVE THREE PUBLIC INFRASTRUCTURE WITHIN THAT. WITHIN THAT LOT. YEAH, 
          [00:50:03]
YEAH. IF I, IF I UNDERSTOOD WHAT MEGAN WAS SAYING EARLIER IF, IF, IF WE WERE TO. ADOPT THE MOU IN ITS ENTIRETY, THE BOUNDARIES. FOR THE FULL BOUNDARY. BUT BETWEEN NOW AND THE TIME WE HAVE AN AGREEMENT WRITTEN. MCNEIL WERE TO DEFINE A SMALLER PORTION THAT WOULD APPLY. IS THAT SUFFICIENT THEN THAT WOULD GIVE US SOME TIME TO LOOK AT THE MAP MORE CAREFULLY, STRATEGICALLY, IN THE TIMING FASHION, IN CASE WE WANTED TO INCLUDE THE THREE PARCELS AT THE NORTH AND A PIECE ON THE NEXT TO THE RIVER AND SAY, WELL, THAT'S A DISTRICT OF SMALLER. THEY'RE THE MOST SURE THINGS THAT WE'RE PLANNING, ACTUALLY, AND THAT WOULD JUST GIVE US TIME TO, TO RETHINK THAT BOUNDARY. BETWEEN NOW APPROVING THE MOU AND ACTUALLY DOING AN AGREEMENT WITH THE DEFINED AREA. 
          THAT I UNDERSTAND THAT. RIGHT. THAT'S HOW IT WAS EXPLAINED TO HIM. YEAH. IT IS KIND OF A PROBLEM. AND AGAIN, WE'RE KIND OF FEELING A LITTLE BIT NAKED IN THIS TOO, BECAUSE I DON'T HAVE AN EXECUTIVE DIRECTOR AT THIS POINT. SO I GOT TO FIND AN EXECUTIVE AND FIGURE THIS OUT AT THE SAME TIME. I MEAN, WE CAN BECAUSE I MEAN, IF WE DO A STUDY OF THE ENTIRE AREA, BUT WE THEN DECIDE WE ONLY WANT TO DO THE SMALLER ONE, WE'RE REALLY GOING TO HAVE TO DO ANOTHER STUDY. I DON'T KNOW THAT WE COULD ASK THE CONSULTANT TO DO TWO STUDIES FOR TWO DIFFERENT AREAS. MEGAN, HAVE YOU EVER DONE THAT? NO. YEAH. THANK YOU, MR. CHAIR. COMMISSIONERS. MR. WALKER, I THINK HERE PROBABLY. I MEAN, MR. CHAIR IS RIGHT. THE STUDIES WOULD BE DRASTICALLY DIFFERENT CONCERNING THE NATURE OF THE FULL AREA VERSUS THE AREA THAT WE'RE TALKING ABOUT. AND I THINK IF EVERYBODY'S ON BOARD WITH THIS SMALLER AREA, THEN THAT CAN BE THE DIRECTION TO STAFF, WITH THE CAVEAT THAT THERE'S JUST A REVIEW OF A LIMITED INFRASTRUCTURE ASSOCIATED. 
          RIGHT. IS THAT ALL PAGAN? YEAH. SORRY. APOLOGIES. I OBVIOUSLY WORKING FROM HOME TODAY. I'M SORRY. SO WITH TO THE EXTENT THAT THERE IS INFRASTRUCTURE THAT IS IMPACTED BY THE THREE PARCELS THAT WE ARE DISCUSSING, THEN I THINK, YOU KNOW, WE WOULD WANT TO TAKE IN CERTAIN AREAS IN AND AROUND THOSE THREE PARCELS TO, TO, YOU KNOW, SUPPORT THOSE INFRASTRUCTURE NEEDS. BUT THE REALITY IS, IS I THINK WE'RE TALKING ABOUT A DIFFERENT MAP, AND WE WANT TO BE ABLE TO DIRECT THE CONSULTANT TO STUDY THE MORE REFINED AREAS. SO I THINK YOU CAN MOVE FORWARD WITH ADOPTING THE MOU AND PROVIDING THAT A NEW MAP IS REPLACED. FOCUSING ON THE THREE AREAS, THE THREE PARCELS THAT ULTIMATELY WOULD BE THE NEW PROJECT AREA AND GENERALLY ASSOCIATED AREA REQUIRING MEETING INFRASTRUCTURE NEEDS THAT ARE NEEDED FOR THE PROJECT. I DON'T KNOW IF THAT WOULD PROVIDE A SUFFICIENT ENOUGH LIMITATION, BUT IT REALLY WOULD FOCUS IT ON THE THREE. I THINK THE ALTERNATIVE IS THERE WOULD NEED TO BE GOING BACK TO THE DRAWING BOARD AND COMING BACK WITH WITH A MORE REFINED MAP AND TAKING THIS MATTER UP AT THE TIME OF THE APRIL MEETING. OKAY. 
          CAN SHE SAY THAT? SO I WAS TRYING TO WRITE IT DOWN, BUT IT SOUNDED LIKE IT WAS. YOU WERE ALMOST SPEAKING IT LIKE IT WAS IN THE FORM OF A MOTION, AND I WAS TRYING TO CAPTURE IT ALL. I MEAN, I NOTICED THAT IT WAS LIKE WE WERE GOING TO ADOPT THE MOU WITH A NEW MAP FOCUSING ON THE THREE PARCELS AND THE INFRASTRUCTURE THAT MIGHT BE ASSOCIATED WITH THE. I CALLED IT THE INCREASE OF INTENSITY WITHIN THOSE THREE PARCELS. SO IS THAT. YEAH, THAT WAS THAT WAS PRETTY GOOD. COMMISSIONER. I DO THINK THE MOTION WOULD BE CENTERED AROUND APPROVING THE RESOLUTION, SUBJECT TO REPLACING THE MAP TO THE MEMORANDUM LIMITING THE SCOPE OF THE AREA STUDY TO THE THREE PARCELS AND ANY ADJACENT PROPERTY NEEDED TO BE INCLUDED TO SUPPORT THE INFRASTRUCTURE NEEDS NECESSITATED BY THE PROJECT. THAT IS MY MOTION. OKAY. AND SO TO CLARIFY, THAT IS WE'RE AMENDING THIS ONE AND APPROVING THIS ONE AND GETTING GOING. IS THAT WHAT YOU'RE SAYING? YES. APPROVING THIS AGREEMENT. WE JUST REPLACED THE MAP JUST TO ALLOW AND DIRECT THE 
          [00:55:06]
CONSULTANT TO MOVE FORWARD. SO WITH THIS WE THIS WOULD NOT COME BACK BEFORE THE BOARD. THIS WOULD LAUNCH THE PROJECT. I THINK THE ALTERNATIVE MOTION IS IF WE WANT TO SEE A NEW MAP, THEN WE'VE GOT TO COME BACK AT THE TIME OF THE APRIL MEETING. OKAY. SO WE'VE GOT LISA'S PROPOSED THAT MOTION. IS THERE A SECOND. AND PART OF THAT I DO WANT IN THAT MOTION THAT THAT THERE IS THAT WE STUDY THE INCREASE OF INTENSITY THAT WOULD BE REQUIRED ON THE INFRASTRUCTURE IN THAT AREA, WITH THE THREE SURROUNDING THE THREE PARCELS. IT'S NOT JUST GOING TO BE ABOUT THE BASALT. OKAY. ALL RIGHT. IS THERE A SECOND, SECOND, ANY FURTHER DISCUSSION? ALL RIGHT. ALL IN FAVOR SAY AYE. AYE AYE. ALL RIGHT. THAT'S FOUR EYES AND TWO. 
          THREE, FOUR, FIVE EYES. AND NO NAMES. SO THAT MOTION PASSES. SO LET'S GET THAT. GET THAT MOVING. 
          SO, MR. CHAIR, I APOLOGIZE. BUT THIS WAS THERE IS ACTUALLY A RESOLUTION ASSOCIATED WITH THIS. 
          ALL RIGHT. WOULD YOU READ THE RESOLUTION FOR US BY TITLE. SURE. IT'S RESOLUTION NUMBER 2020 5-03 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, DBA IDAHO FALLS REDEVELOPMENT AGENCY, APPROVING THAT CERTAIN MEMORANDUM OF UNDERSTANDING BETWEEN THE IDAHO FALLS REDEVELOPMENT AGENCY AND MCNEILL DEVELOPMENT, LLC RELATED TO THE PROPOSED RIVER. SERINO STEC DIRECT CHAIR AND VICE CHAIR TO EXECUTE AND A TEST SET AGREEMENT AUTHORIZING THE CHAIR OR 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. OKAY. THANK YOU. MEGAN. SO IS THERE A MOTION TO APPROVE THAT RESOLUTION SUBJECT TO OUR PRIOR MOTION AND APPROVAL? SO MOVED. IS THERE A SECOND? SECOND. ALL RIGHT. AND WOULD YOU DO A ROLL CALL VOTE. TERRY GADSDEN. EXCUSE ME. LISA BERNSTINE. YES. CHRISTOPHER HARVEY. YES. CHRIS COOLEY. YES. LEE RADFORD. YES. BRANT THOMPSON. YES. PASSES UNANIMOUSLY. VERY GOOD. THANK YOU. THANK YOU. LAUREN. WE'LL WORK ON FINDING AN EXECUTIVE TO HELP US WITH THIS PROJECT. AND WE'LL LET YOU KNOW WHAT WE COME UP WITH, OKAY? THANK YOU. OKAY. THANK YOU. ALL RIGHT, NEXT ITEM ON THE AGENDA IS A FOLLOW UP 
          [8. ACTION ITEM: Follow up Discussion Concerning Request for Funding for a Project in the River Commons Urban Renewal District and Authorize Elam and Burke to Prepare a Grant Participation Agreement for the River Commons Urban Renewal District]
DISCUSSION REQUIRING CONCERNING THE REQUEST FOR FUNDING FOR A PROJECT ON THE RIVER COMMONS URBAN RENEWAL DISTRICT. MEGAN, DO YOU WANT TO INTRODUCE THAT AND THEN. I DON'T KNOW, BRAD. OR IS IT ALL RIGHT? MEGAN, DO YOU GOT ANY INTRODUCTION, SIR? YES. THANK YOU, MR. CHAIR. 
          COMMISSIONERS. SO BEFORE YOU, AT THE TIME OF THE FEBRUARY MEETING, BALL VENTURES CAME AND PRESENTED TO THE BODY, MAKING A REQUEST FOR THE USE OF THE AVAILABLE REVENUE IN THE EXISTING RIVER COMMONS AREA TO FUND SITE REMEDIATION EFFORTS ON A PORTION OF THE PROJECT AREA THAT HAS NOT BEEN DEVELOPED. AND AS PART OF THAT PRESENTATION TO THE BOARD, THERE WAS A SUBMISSION OF INFORMATION THAT SET FORTH A BID FOR THE SCOPE OF WORK THAT WAS APPROXIMATELY $2.5 MILLION. SINCE THAT TIME, THERE WAS A MEETING BETWEEN BALL VENTURES AND AGENCY STAFF, PRIMARILY FOR THE PURPOSE OF FUTURE, LOOKING TOWARDS THE CLOSEOUT OF THE DISTRICT AND TRYING TO FIGURE OUT HOW THOSE REMAINING FUNDS IN THE DISTRICT ARE GOING TO, OR ARE PLANNED TO BE UTILIZED FROM NOW THROUGH CLOSEOUT, IN PART TO DETERMINE IF THERE ARE ANY ELIGIBLE PROJECTS UNDER THE EXISTING PLAN THAT THE MIGHT SUPPORT SOME PUBLIC INFRASTRUCTURE IMPROVEMENT PROJECTS THAT ARE WITHIN THE SCOPE OF CITY AND OR AGENCY PROJECTS THEMSELVES, OR WHETHER OR NOT THERE ARE THESE AVAILABLE REVENUES TO USE TO PROVIDE REIMBURSEMENT TO BALL VENTURES FOR THE REMEDIATION OF THE SITE. SO MY UNDERSTANDING, AND I CERTAINLY DEFER TO STAFF TO FILL IN THE DETAILS IN TERMS OF THAT CONVERSATION, BUT THE RESULT OF THAT MEETING WAS THERE ARE NOT GOING TO BE ANY OTHER PROJECTS UNDERTAKEN AND THAT THERE ARE AVAILABLE REVENUES TO PROVIDE REIMBURSEMENT TO BALL VENTURES FOR THE PURPOSE OF THE SITE REMEDIATION ACTIVITY. THE $2.5 MILLION MAY ULTIMATELY EXCEED THE AMOUNT OF AVAILABLE REVENUES. AND SO I THINK WHAT IS 
          [01:00:05]
THE ACTION THAT IS BEFORE THE BOARD TODAY IS ONE, TO APPROVE THE USE OF THE FUNDS FOR THIS PURPOSE AND THEN TO DIRECT LEGAL COUNSEL TO WORK WITH BALL VENTURES TO COME UP WITH A GRANT PARTICIPATION REIMBURSEMENT AGREEMENT THAT WOULD MEMORIALIZE HOW THESE FUNDS ARE USED, USING A PROJECTION OF AVAILABLE REVENUES AND COMING BACK TO THIS BODY FOR ULTIMATE APPROVAL OF THAT REIMBURSED OR THAT GRANT PARTICIPATION AGREEMENT AT A FUTURE MEETING. SO I'M HAPPY TO STAND FOR ANY QUESTIONS ON WHAT'S BEFORE YOU. VERY GOOD. LET'S SEE WHO WANTS TO PRESENT ON THIS. IS IT TANA, DO YOU WANT TO PRESENT TORREY? BRAD. BRAD. ALL RIGHT. BRAD. KRAMER, YOU'RE THE LUCKY CONTESTANT. COME ON DOWN. WHAT'S MY PRIZE? ACTUALLY, I THINK MEGAN SUMMED IT UP REALLY WELL. THERE WAS A MEETING THAT WAS HELD, I ATTENDED, WAYNE WAS THERE, PUBLIC WORKS STAFF AS WELL AS PARKS AND RECREATION AND SOME OTHER PLANNING DEPARTMENT STAFF ALL ATTENDED TO DISCUSS ANY POTENTIAL PROJECTS THAT ARE REMAINING IN THE RIVER COMMONS DISTRICT. BASED ON THE WORK WE'VE BEEN DOING OR HAVE BEEN DOING FOR THE ANNEXATION, WE CAN SHOW THAT THERE'S AN ANTICIPATED THREE AND A HALF TO $3.8 MILLION BETWEEN NOW AND THE END OF THE DISTRICT THAT CAN BE SPENT. AND AS WE REVIEWED THE POTENTIAL PROJECTS AND THEY BOILED DOWN TO THE GREENBELT PATHWAY ALONG THE LOGAN ROAD TO CONNECT TO HERITAGE PARK, ANY EXTENSION MILLIGAN, THE BRIDGE ACROSS WHITEWATER, ESSENTIALLY ALL OF THE PROJECTS THAT WERE DISCUSSED EITHER COULDN'T REALISTICALLY BE DONE IN THE TIME FRAME OF THE DISTRICT. WE'RE ALREADY UNDERWAY WITH PRIVATE FUNDS, OR IN THE CASE OF A PATHWAY. GIVEN THE BUDGET AND TIMING, WE'RE GOING TO BE, IT'S GOING TO BE A SIMPLE ENOUGH PATH THAT IT WOULDN'T HAVE HAD THE ESTHETIC VALUE AND INTERACTION WITH THE FUTURE DEVELOPMENT THAT EITHER THE DEVELOPER OR THE CITY WOULD PREFER TO SEE. SO FROM MY NOTES, WHAT I HAD WRITTEN DOWN IS THAT THE CITY WOULD PREFER TO SEE, TO WAIT AND SEE THAT PATHWAY BUILT IN THE POTENTIAL NEW DISTRICT, AND TO GO AHEAD AND ALLOW THOSE FUNDS THAT ARE IN THE IN THE CASH RESERVES TO BE USED TO CLEAN UP THAT AREA THAT'S BEEN REQUESTED BY THE DEVELOPER. AND IF YOU HAVE ANY CONTRADICTION TO THAT OR CORRECTIONS. NO, I WAS GOING TO SUPPORT THAT WAS WHAT WE GOT FROM PARKS AND REC THAT SAME DIRECTION. SO I WOULD BE IN AGREEMENT FROM A STAFF PERSPECTIVE. ALL RIGHT. VERY GOOD. I DO WANT TO HEAR FROM TANA ABOUT PROJECT TIMING AND IF SO, IF WE GET THIS PROCESS MOVING, ARE WE STARTING TO MOVE DIRT THIS SUMMER? IS THAT THE PLAN? YES. CORRECT. AND HOW MUCH OF THAT SEVERAL MILLION DOLLARS WILL GET DONE, GET SPENT THIS SUMMER? ALL OF IT. OKAY. AND WE'RE OKAY. AND THEN I THINK WE'RE LOOKING AT THE MAP ON THIS RIVERSIDE DISTRICT. IT SHOWS WHERE THAT IS. IT'S NOT THE HILL OF MINUS THE PROPERTY YOU DON'T YET OWN. SO IT'S GOING TO BE WORKING ALONG THAT SIDE. IS THAT WHAT WE'RE TALKING ABOUT? I DON'T KNOW, YOU'RE LOOKING AT THE BRAD'S MAP PAGE. PAGE ONE OF BRAD'S STUDY THAT WE'RE GOING TO DO ON THE NEXT TOPIC. SO IT'S BASICALLY WE'RE BRAD HAS THE LITTLE POINT AT THE TOP. THE VERY TOP IN THE PINK. IN THE BLUE. YEP. WE WOULD BE TAKING OUT THIS AREA DOWN TO WHITEWATER DOWN TO WHITEWATER WHERE WE COME THROUGH OKAY. THAT'S UP HIGHER THAN WHAT WE'VE SHOWN. ALL RIGHT OKAY. SO WHAT YOU'RE SHOWING ON THAT SCREEN WOULD BE RIGHT. ARE WE TALKING ABOUT. I'M JUST TRYING TO GET A CLEAR IDEA OF WHAT WE'RE WHAT WE'RE WHAT WE'RE MOVING FORWARD TO AUTHORIZE WHAT. SO WE'RE NOT. WE ARE. MAYBE. CAN YOU MOVE THE MAP DOWN A LITTLE BIT, I THINK. AND THEN, TANA, CAN YOU SHOW IT FOR US? IS THERE MORE? THERE SHOULD BE MORE TO THE NORTH SO THAT TANA CAN EXPLAIN THIS. I JUST WANT I WANT TO BE CLEAR WHAT WE'RE DOING. YEAH. IS IN THE EXISTING RIVER COMMONS DISTRICT, IF THAT HELPS WITH FINDING THE MAP. SO IT'S JUST TO THE NORTH OF THE RIVERSIDE DISTRICT. OKAY. I'M GOING TO TRY AND MAKE SOMETHING UP. I GOTTA CLEAR IT UP IN MY MIND I WE'RE JUST ON ITEM. WE'RE ON ITEM EIGHT. AND SO IF, IF THERE WAS A MOTION LIKE I'M JUST 
          [01:05:06]
GOING TO SAY WHAT I WOULD GIVE AS THE MOTION AND THEN MAYBE WE CAN WORK BACKWARDS. THE MOTION THAT I WOULD GIVE WOULD BE TO APPROVE THE USE OF THE FUNDS AS REQUESTED, AND DIRECT LEGAL COUNSEL TO WORK WITH BALL VENTURES ON A GRANT PARTICIPATION TO PREPARE GRANT PARTICIPATION AGREEMENT. WE'RE JUST SAYING THAT THEY CAN USE THE $2.5 MILLION TO CLEAN UP WHAT WOULD BE THE BONEYARD, RIGHT. LIKE THAT IS THE THAT'S WHAT WE'RE JUST TRYING TO GET TO AND MAKE A MOTION. YEAH. AND MEGAN THEN PREPARE THE AGREEMENT AND HAVE. AND SO THAT WOULD BE THE. THAT'S RIGHT. OKAY. I JUST WANTED TO MAKE SURE THAT IT WASN'T ABOUT. SO I JUST WANTED TO WE'RE TALKING ABOUT ANYTHING ELSE OTHER THAN JUST WHETHER OR NOT TO APPROVE THE $2.5 MILLION. 
          RIGHT. I WANT A CLEAR IDEA OF WHAT THE $2.5 MILLION IS FOR. I THINK WE'VE COVERED IT BEFORE. 
          IT'S JUST FOR THAT VERY TOP SECTION. IS THAT CORRECT? CAN YOU SHOW US? SO CAN YOU SEE MY LITTLE POINTER? YES. NOT MOVING. NO THAT'S NOT THAT'S NOT THAT'S AN EXTENSION OF WHITEWATER. IT'S NOT. SO THIS IS THE EXTENSION OF WHITEWATER I THINK. RIGHT. WHEREVER THAT CURSOR IS THAT PIECE OF GROUND IS WHAT WILL CLEAN UP THIS SUMMER'S. AND THE LITTLE OUT PARCEL ON THE TOP IS STUFF YOU DON'T OWN. YET WE DO OWN IT, BUT IT WAS NOT INCLUDED IN THE ORIGINAL DISTRICT. IT'S GOING TO BE INCLUDED IN THE NEW DISTRICT. SO THAT PARCEL HAS A HOUSE ON IT THAT'S BEEN TAKEN DOWN. WE USE THE SHOP, BUT IT HAS PIT RUN. IT DOESN'T HAVE GARBAGE. OH, OKAY. IT DOES NOT HAVE GARBAGE IN IT. OKAY. ALL RIGHT. VERY GOOD. THAT'S VERY HELPFUL. SO THE CLEANUP IS IN THE AREA THAT IS NOT MARKED OUT WITH BLUE LINE AND. RIGHT. YEAH. RIGHT. RIGHT THERE. THAT'S THE CLEANUP HERE OKAY. GOT IT. THAT PART IS THAT IS PART OF THE OLD DISTRICT. SO OKAY. THAT'S VERY HELPFUL. WE JUST WANT TO BE CLEAR I THINK SO ACTION ITEM EIGHT THEN IS THERE A MOTION. 
          YES I WOULD DO IT OKAY I HAVE A QUESTION. SO WE THIS IS FOR YOU I THINK IT'S FOR YOU OKAY. IF WE EXPEND ALL OF OUR FUNDS THIS IS 95% OF OUR ACCOUNT BALANCE WITHIN THE CURRENT FISCAL YEAR. 
          WHAT KIND OF IMPACT DOES THAT HAVE ON ANYTHING WE MIGHT HAVE BUDGETED IN THIS CURRENT FISCAL YEAR THAT WOULD REQUIRE USE OF THOSE FUNDS AND OR THE EARNINGS OF THOSE FUNDS, AND THAT I WOULD DEFER TO CASSIE ON THAT QUESTION ON THE FINANCIAL ONE. SO LET ME PULL UP THE BUDGET FOR THIS YEAR. THE WAY THAT THE WAY THAT WE LIKE TO BUDGET IS WE LIKE TO LEAVE AS MUCH IN THE CAPITAL LINE ITEM SO THAT YOU CAN EXPENSE ALL OF IT AND HAVE A NET OF ZERO. SO LET ME GO AHEAD AND PULL UP THIS YEAR'S BUDGET REALLY QUICK. LOOK AT THAT. THESE EXPENSES WERE VARIANCE OF 200. OKAY. SO LET ME ACTUALLY COME UP HERE SO YOU GUYS CAN. SO LOOKING AT THE BUDGET THIS YEAR FOR RIVER COMMONS, WE HAVE BUDGETED A TOTAL OF CASH AND REVENUES AMOUNT OF AROUND 3.7 MILLION. AND WHAT WE HAVE BUDGETED FOR CAPITAL PROJECTS IS ALMOST 2.5 MILLION. SO IF WE EXPENSE ALL OF THAT, THAT WILL REQUIRE US TO ONLY BE ABLE TO SPEND THE REMAINING BUDGET OUT OF THOSE OTHER LINE ITEMS, SUCH AS PROFESSIONAL FEES, CITY ADMINISTRATION, AUDIT ALL OF THOSE THINGS AND NOT GO OVER BUDGET. SO WE TRY TO BUDGET THE REVENUES. WHAT WE FEEL WE WILL BE RECEIVING, AND THEN WE ALLOCATE ALL OF THE LINE ITEMS. SO WE LOOK AT PROFESSIONAL FEES, WE LOOK AT WHAT WE THINK WE WILL USE FOR CITY ADMINISTRATION, AUDIT, INSURANCE, OFFICE AND OTHER DUES, LEASES, CO-PAYS. AFTER THOSE ARE ALL BUDGETED. WE BUDGET EVERYTHING ELSE TOWARDS CAPITAL PROJECTS. SO LOOKING AT THAT THIS YEAR, THERE'S THAT 2.5 MILLION. SO DOES THAT ANSWER YOUR QUESTION. SO WE WOULD BE NEGATIVE TO BUDGET. IF SO IF WE SPENT THAT AND WE WERE TO GO OVER WE WOULD BE NEGATIVE. WHAT DO YOU MEAN IF WE WERE TO GO OVER IF WE WERE TO GO OVER LIKE THAT 2.487 AMOUNT THAT WE HAVE BUDGETED FOR CAPITAL PROJECTS FOR RIVER COMMONS, I HAVEN'T. I NEED TO IF I PULL UP, IF WE LOOK AT THE LET ME PULL UP THE BUDGET 
          [01:10:08]
TO ACTUAL RIGHT NOW. I JUST SAW ON OUR AUDIT REPORT THAT OUR, OUR PROPERTY TAX REVENUES CAME IN UNDER BUDGET WAS. AND SO I'M JUST CONCERNED FROM THE STANDPOINT OF OPERATIONAL EXPENSE, HOW MUCH WE'RE GOING TO OBLIGATE THAT PARTICULAR DISTRICT HERE. YEAH, I WANT TO SAY. SO IF I'M LOOKING AT LET'S GO ALL THE WAY DOWN. SO LET'S SEE HERE. LAST YEAR. AND I THINK, I THINK WE'LL HAVE THE FINAL NUMBER OF THIS IN THE GRANT PARTICIPATION AGREEMENT THAT WE'LL LOOK AT NEXT MONTH. SEEMS LIKE WE NEED MORE DEVELOPMENT OF THIS NUMBER, BUT WE'RE GOING TO HAVE THE NUMBER IN THE GRANT PARTICIPATION AGREEMENT NEXT MONTH. IS THAT RIGHT, MEGAN? YES. THANK YOU, MR. CHAIR. COMMISSIONERS. SO THE BALL VENTURES HAS MADE THE REQUEST TO COVER ALL OF THE COSTS RELATED TO THE SITE REMEDIATION, WHICH IS A LITTLE OVER 2.5 MILLION, I THINK, YOU KNOW, AS AS WE ENGAGE IN DISCUSSIONS ON THE GRANT PARTICIPATION AGREEMENT, THERE ARE SEVERAL FACTORS THAT HAVE TO BE ANALYZED IN ORDER TO GET TO WHAT THE ACTUAL REIMBURSEMENT AMOUNT IS GOING TO BE, AND CERTAINLY THE REVENUE GENERATED IN RIVER COMMONS IS FIRST PLEDGED FOR REPAYMENT OF EXISTING OBLIGATIONS. AND THEN THE SECOND IS THE WHITEWATER OR THE BRIDGE OVER THE CANAL, WHICH I UNDERSTAND BALL VENTURES, AS PART OF ITS DEVELOPMENT AGREEMENT WITH THE CITY, IS UNDERTAKING OUT OF ITS OWN POCKETS, IS NOT SUBJECT TO IT'S NOT BEING DISCUSSED AS BEING ELIGIBLE FOR REIMBURSEMENT. AND THEN, YOU KNOW, CERTAINLY AGENCY OPERATIONS AND THE ALLOCATION OF THOSE COSTS ARE ARE GOING TO BE TAKEN OUT FIRST. SO IT MAY BE THAT THE FULL 2.5 MILLION IS NOT GOING TO BE PAYABLE IN A SINGLE LUMP SUM. IT MAY REQUIRE, YOU KNOW, REVENUES THAT COME IN IN THE NEXT FISCAL YEAR. BUT WE WILL LOOK AT WHAT THAT NUMBER IS AND WE'LL JUST MAKE SURE THAT WE HAVE THE AVAILABLE FUNDS AND THAT, YOU KNOW, THOSE OBLIGATIONS THAT WE TALKED ABOUT ARE GOING TO COME OUT FIRST AND NOT GOING TO BE ELIGIBLE FOR REIMBURSEMENT UNDER THIS GRANT PARTICIPATION AGREEMENT. SO WE'LL CONTINUE TO WORK THROUGH THOSE NUMBERS. I THINK THAT THE FIRST STEP WAS AN AGREEMENT BETWEEN THE COMMISSION AND BALL VENTURES THAT, YES, WE'LL USE AVAILABLE REVENUES FOR REIMBURSEMENT OF THESE SITE REMEDIATION COSTS, AND THEN WE WILL WORK WITH THEM ON THE GRANT PARTICIPATION AGREEMENT TO FIGURE OUT EXACTLY WHAT THAT LOOKS LIKE MOVING FORWARD. I HOPE THAT HELPS. I THAT DOES HELP, MEGAN. SO WHAT I HEAR YOU SAYING IS WE AGREE TO USE AVAILABLE FUNDS. AND IF WE HAVE AN EXISTING DELTA BETWEEN WHAT WE'VE BEEN OBLIGATED TO, THEN THAT CARRIES FORWARD TO THE NEXT FISCAL YEAR AND OR WHEN WE HAVE THE FUNDS ABLE TO RETURN THAT TO THAT TO THE DEVELOPER. CORRECT? THAT'S CORRECT. AND IF FOR SOME REASON, REVENUE ALLOCATION PROCEEDS DECREASE IN, YOU KNOW, IN THE NEXT YEAR, THEN THERE'S JUST GOING TO BE LESS MONEY AVAILABLE FOR REIMBURSEMENT OF THESE COSTS. SO I THINK WE ARE GOING TO BE COGNIZANT OF THAT AS WE MOVE THROUGH AND ENTER INTO THIS GRANT PARTICIPATION AGREEMENT. PERFECT. THANK YOU. 
          OKAY. SO WE JUST NEED A MOTION TO HAVE MEGAN PREPARE THE GRANT PARTICIPATION AGREEMENT AND SO THAT WE CAN CONSIDER THAT AND GET IT DONE NEXT MONTH. WE'LL NEED TO WORK ON THESE NUMBERS A LITTLE BIT MORE. AND THIS THIS DISCUSSION THAT WE'VE HAD I THINK THIS IS ALL CONSISTENT WITH WHAT YOU'RE THINKING, TANA. AND SO YEAH. SO IS THERE SUCH A MOTION? YES, I MADE THAT MOTION. 
          OKAY. IS THERE A SECOND SECOND OKAY. ALL IN FAVOR SAY AYE. AYE AYE. ANY OPPOSED? SAY NAY. I'M 
          [9. ACTION ITEM: Consider Resolution 25-04 to Approve the Eligibility Report for the Proposed Riverside District]
MOTION PASSES UNANIMOUSLY. OKAY. THE NEXT THING WE'RE TRYING TO GET THIS WRAPPED UP HERE IS, IS THE ELIGIBILITY REPORT FOR THE PROPOSED RIVERSIDE DISTRICT. BRAD, DO YOU WANT TO DISCUSS THAT AND TRY TO KEEP ME? I'M ALREADY 15 MINUTES AFTER WHERE I WANT TO BE, SO KEEP THAT IN MIND. BUT I'M HAPPY. I WAS GOING TO ASK YOU FOR A TIME LIMIT, SO I'LL SUBMIT IT WITH WHATEVER YOU WANT ME TO DO. OR I CAN JUST SAY IT'S ELIGIBLE. I MEAN, IT WAS A GOOD REPORT. YEAH, THERE ARE A COUPLE OF JUST TWEAKS THAT I MIGHT POINT OUT TO YOU. MAYBE IF I JUST DID THAT, IF YOU HAVE ANY 
          [01:15:01]
QUESTIONS, I'D BE HAPPY TO ANSWER THEM ON THIS STUDY AREA. ONE THING I DID WANT TO POINT OUT THAT IS NOT IN YOUR REPORT WAS A REQUEST FROM THE DEVELOPER. IF YOU LOOK ON THE LOWER LEFT HAND SIDE OF THIS AREA, YOU'LL SEE A YELLOW BOX. THE REQUEST WAS TO EXTEND ANY POTENTIAL BOUNDARY UP TO WHERE YOU CAN SEE THE PARCEL LINE COMING JUST OFF THE RIGHT HAND SIDE OF THAT LINE. THAT YELLOW BOX. IF THE SECTION OF PIONEER ROAD COULD BE ADDED TO THAT PARCEL LINE BECAUSE IT IS STILL UNIMPROVED, THERE'S NOT ANY DEVELOPABLE PROPERTY NEXT TO IT. 
          SO SOMEBODY WILL BE ON THE HOOK TO BUILD IT. BUT WITH THE ASSISTANCE OF URBAN RENEWAL, IT'S IN THE SAME CONDITION AS THE BRIDGE. IT'S LACKING FACILITIES. THAT IS A REQUEST OF THE DEVELOPER. THE ONLY OTHER THING I MIGHT MENTION IS THAT ON THIS AREA WHERE THE AUTO DEALERSHIPS ARE LOCATED, WITH THE EXCEPTION OF THE LACK OF INFRASTRUCTURE ON SUNNYSIDE ROAD IN TERMS OF BIKE PED FACILITIES, CURB AND GUTTER, I DIDN'T FIND THAT AREA TO BE ELIGIBLE. NOW IT ONLY HAS TO MEET ONE CRITERIA AND IT DOES MEET THAT ONE CRITERIA WITH SUNNYSIDE ROAD. 
          ONE ALTERNATIVE IS TO LEAVE THAT BOUNDARY AND LEAVE THE AUTO DEALERSHIPS IN IN. BECAUSE THERE IS INCREMENT THAT CAN COME FROM IT. THERE ARE STILL TWO DEVELOPABLE SITES OR THREE. ONE OPTION IS TO REMOVE IT OTHER THAN SUNNYSIDE ROAD, AND IF THERE'S SUFFICIENT INCREMENT AT SOME POINT TO BUILD THE CURB, GUTTER, SIDEWALK, THEN THAT CAN HAPPEN TOWARDS THE END OF THE DISTRICT. MOST ELIGIBILITY IS FOUND EAST OF PIONEER ROAD AND MOVING ALONG MILLIGAN. THAT WAS COVERED IN THE REPORT QUITE A BIT. AND AGAIN, MAYBE I'LL LEAVE IT AT THAT FOR NOW. AND IF THERE'S ANYTHING YOU SPECIFICALLY LIKE WE HAVE COVERED OR QUESTIONS YOU'D LIKE TO ADD ASK, I'D BE HAPPY TO DO THAT. RATHER THAN RUNNING THROUGH ALL THE SLIDES. YEAH. 
          WHY DON'T WE JUST LET'S GO TO QUESTIONS. I MEAN, IT IS AN EXCELLENT REPORT. I APPRECIATE ALL THE PHOTOS THAT YOU'VE INCLUDED TO SUPPORT THE REPORT. I THINK THAT'S VERY HELPFUL. BUT IS THERE ANY ANY QUESTIONS? MR. CHAIR? AND COMMISSIONERS? BRAD. MEGAN CONRAD, I JUST WANTED TO POINT OUT THAT YOU'LL SEE THERE'S ARE A FEW OF THESE PARCELS THAT ARE WITHIN THE PROPOSED DISTRICT THAT HAVE LINES AROUND THE PARCELS, THE DASHED LINES, THOSE ARE PARCELS THAT ARE CURRENTLY WITHIN UNINCORPORATED BONNEVILLE COUNTY. BRAD, CORRECT ME IF I'M WRONG THERE. YOU'RE CORRECT. BUT I THINK AS WE MOVE THROUGH THE PROCESS, WE WILL HAVE TO CONSIDER HOW BEST WE WORK WITH THOSE PARCELS BECAUSE IT WOULD REQUIRE AN AGREEMENT WITH BONNEVILLE COUNTY PRIOR TO CITY COUNCIL CONSIDERATION OF ANY ORDINANCE THAT DOES IT IS A IT'S A PROCESS THAT WE AND I BELIEVE THIS BODY HAS WORKED THROUGH BEFORE IN THE PAST, BUT JUST WANTED TO CALL THAT TO YOUR ATTENTION, AS IT IS A LITTLE BIT DIFFERENT THAN THE PROJECTS THAT HAVE COME BEFORE YOU. SO WITH THAT, I'LL STAND DOWN. SORRY, BRIAN. THIS ZONING MAP, WHAT YOU'LL WHAT SHE'S REFERRING TO IS WITHIN THE RED BOUNDARY. THAT RED LINE, ALL THE PARCELS THAT ARE WHITE ARE WITHIN THE COUNTY. AS I UNDERSTAND IT, ONE OF THOSE, THE NORTHERNMOST SECTION, IS OWNED BY THE DEVELOPER AND THE OTHER PIECES ARE NOT. OKAY. CAN YOU POINT OUT THE PIECES THAT YOU SAID ONLY MET ONE OF THE CRITERIA? SURE. IT'S REALLY JUST THE POINT THIS WAY. IS THAT RIGHT? RIGHT. WHERE THESE AUTO DEALERSHIPS ARE LOCATED. SO WEST OF PIONEER ROAD WEST. OKAY. AND THE PURPOSE OF INCLUDING THEM WOULD BE FOR MY UNDERSTANDING IS, WAS, WAS THAT THE CITY STAFF MEMBER THAT PREPARED THE MAP ADDED THOSE, MOSTLY BECAUSE OF THE LACK OF INFRASTRUCTURE ON SUNNYSIDE ROAD. SO THE GUTTER IS THAT CURB, GUTTER AND ANY SIDEWALK OR TYPEKIT FACILITY AT ALL. IT'S THERE'S ONE PHOTO IN YOUR REPORT THAT KIND OF DEMONSTRATES WHAT I'M REFERRING TO THERE ON PAGE. PAVE THE PAGE 13. YEAH. YOU CAN SEE HOW SUNNYSIDE ROAD JUST ENDS WITH ASPHALT AND THERE'S NO ADDITIONAL FACILITY. HAVING BIKED THAT SECTION. PERSONALLY, IT'S UNSAFE. SO IT IS A LACK OF ADEQUATE INFRASTRUCTURE. YEAH. OKAY. ALL RIGHT. ANY OTHER QUESTIONS ON THE ELIGIBILITY STUDY? I HAVE A QUESTION ABOUT IT'S ON THE LAST PAGE OF THE OF THE RESOLUTION. IT'S REGARDING PROPERTIES THAT ARE NOT ANNEXED AT THIS TIME. SO IT'S I'M JUST ASKING FOR KIND OF AN INTERPRETATION. IS THIS SAYING THAT IF THE THOSE PROPERTIES REMAIN ANNEXED, THEY WOULD NOT BE INCLUDED IN THE DISTRICT? NOT NECESSARILY. THAT'S JUST AN 
          [01:20:04]
ADDITIONAL PROCESS THAT HAS TO BE GONE THROUGH. FOR EXAMPLE, THE THERE WOULD HAVE TO BE A RESOLUTION PASSED BY THE COUNTY COMMISSIONERS APPROVING THEM TO BE INCLUDED IF ANY OF THEM ARE AGRICULTURAL PROPERTIES AND THE PROPERTY OWNER HAS TO SIGN A DOCUMENT THAT THEY AGREE TO BE PART OF THE DISTRICT. AND I'M SURE LEGAL COUNSEL WILL CORRECT ME IF I'M SAYING THAT WRONG. BUT IT'S EXTRA PROCESS, BUT IT DOESN'T MEAN THEY CAN'T BE INCLUDED. OKAY. THANK YOU. ALL RIGHT. VERY GOOD. LIKE MEGAN SAID, WE'VE DONE THAT BEFORE AND GONE TO THE COUNTY AND GOT THEIR GOT THEIR APPROVAL. SO THAT'S BEEN FINE. OKAY. ANY OTHER QUESTIONS ABOUT THE ELIGIBILITY REPORT? ARE WE READY FOR THE RESOLUTION? ALL RIGHT. DEVELOPER TIME TEN ATARI CHRISTIAN, DO YOU WANT TO SAY ANYTHING ABOUT THIS ELIGIBILITY REPORT? WE DO DUE TO TIME CONSTRAINTS, WE WOULD JUST SAY WE APPRECIATE THE EFFORTS IN IN AGREEING WITH THE REPORT AND ITS FINDINGS AND WOULD LIKE TO SEE THIS MOVE FORWARD. AND WE THINK IT'S KEY TO UNLOCKING THE DEVELOPMENT OF SUNNYSIDE THAT'S ON OUR PROPERTY. AND. WE'RE HOPEFUL IT GETS APPROVAL. AND YOU HEARD THE DISCUSSION WE HAD ABOUT PRIOR PROJECT, ABOUT THE TIMING AND THE 20 YEARS, AND THAT THIS WORKS IF YOU'RE REALLY MOVING FORWARD. BUT IF YOU STILL CONCEPTUAL, IT MAY NOT BE A GOOD IDEA. YOU FULLY UNDERSTAND THAT. 
          YES. AND I WOULD SAY TO THAT END, YOU KNOW, FROM FROM WHAT WE CAN WHAT WE'RE PROJECTING TODAY AND WHAT WE'RE WORKING ON IS ABOUT 150 TO $200 MILLION OF IMPROVEMENTS IN THAT SOUTHERN AREA BETWEEN SUNNYSIDE AND WHAT THE KARTCHNER RESIDENTIAL PROJECT. SO WE'RE WE'RE, WE'RE WE'RE WORKING HARD TO MAKE IT COME TO FRUITION AS WE SPEAK. VERY GOOD. OKAY. VERY GOOD. IS THERE A MOTION? WELL, FIRST OF ALL, MEGAN, WOULD YOU READ THE RESOLUTION BY TITLE? SURE. 
          RESOLUTION NUMBER 2020 504 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 THE CITY OF IDAHO FALLS, IDAHO, ALSO KNOWN AS THE IDAHO FALLS REDEVELOPMENT AGENCY. ACCEPTING THAT CERTAIN REPORT ON ELIGIBILITY FOR CERTAIN PROPERT, REFERRED TO AS THE RIVERSIDE AREA, AS AN URBAN RENEWAL AREA AND REVENUE ALLOCATION AREA, AND JUSTIFICATION FOR DESIGNATING THE AREA AS APPROPRIATE FOR AN URBAN RENEWAL PROJECT TO MAKE ANY NECESSARY TECHNICAL CHANGES TO THE REPORT. AUTHORIZING AND DIRECTING THE CHAIRMAN OR ADMINISTRATOR TO TRANSMIT THE REPORT AND THIS RESOLUTION TO THE CITY COUNCIL OF THE CITY OF IDAHO FALLS REQUESTING ITS CONSIDERATION FOR DESIGNATION OF AN URBAN RENEWAL AREA AND SEEKING FURTHER DIRECTION FROM THE COUNCIL AND PROVIDING AN EFFECTIVE DATE. VERY GOOD. THANK YOU. IS THERE A MOTION TO APPROVE THAT RESOLUTION? SO MOVED. IS THERE A SECOND SECOND? AND COULD YOU DO A ROLL CALL VOTE? TERRY GAZDIK. YES. LISA BURNSHAW. YES. CHRISTOPHER HARVEY. YES. CHRIS COWLEY. YES. 
          LEE RADFORD. YES. BRANT THOMPSON. YES. MOTION PASSES. VERY GOOD. THANK YOU. THANK YOU FOR PULLING THAT TOGETHER. THE DISCUSSION ON THE NAMING OF THE URBAN RENEWAL DISTRICTS. WE CAN MOVE THAT TO THE NEXT MONTH. THAT'S FINE. JUST A LITTLE DIRECTION. IF WE CAN HAVE THE WORD RIVER IN EVERY DESCRIPTION. SO IF SOMEONE COULD BE A LITTLE MORE IMAGINATIVE, IT GETS A LITTLE CONFUSING. THAT'S WHY WE'RE LOOKING FOR SOME DIRECTION. OKAY. UPDATE ON THE 
          [11. DISCUSSION ITEM: Update on the Snake River West Urban Renewal District]
SNAKE RIVER WEST. JUST VERY, VERY BRIEFLY THAT IS GOING TO CITY COUNCIL THIS EVENING FOR THE ESTABLISHMENT OF THE NEW URBAN RENEWAL DISTRICT. WE DID HAVE A LETTER OF OPPOSITION FILED ON FRIDAY, LATE FRIDAY AFTERNOON TO THAT FROM THE PROPERTY. YEAH. FROM KITTY. SAY, SAY, SAY SAY. YEAH. SO WE DID HAVE OPPOSITION TO THAT. I WILL PRESENT THAT OR I KNOW MEGAN AND BRAD WILL BE HERE TONIGHT, BUT WE'VE PROPOSED SOME ALTERNATIVES JUST TO SHIFT THE URBAN RENEWAL BOUNDARY. I HAVE MY I'M TRYING NOT TO TAKE A LOT OF TIME. SORRY. CHAIR. THE YELLOW LINE. 
          MOVING IT UP ALONG THE PIONEER ROAD RIGHT AWAY. THANK YOU. APPRECIATE THAT. SO MOVING THIS SOUTHERN LINE RIGHT HERE, MOVING IT UP TO THE RIGHT OF WAY LINE. THE PROTEST LETTER CAME IN REGARDS TO THIS NARROW STRIP HERE. SO THAT'S THE RECOMMENDATION I'LL BE MAKING TO CITY COUNCIL ON THAT. SO THAT'S ON THEIR PROPERTY. THIS STRIP IS WHAT YOU'RE TALKING OKAY. YEAH. 
          AND SHE'S ALREADY PART OF THE EAGLE RIDGE TO THE EAST. SO. SO WILL THAT BE TOO NARROW? NO, IT 
          [01:25:01]
WILL NOT. SHE WILL STILL BE PART OF THE EAGLE RIDGE. OKAY. OKAY. SO. OKAY. YEAH. LET'S JUST CLEAN UP. YEAH, YEAH. SO IT IS A LITTLE DIFFICULT. IT'S JUST IT'S LEFT OVER SO THAT, YOU KNOW, IT MIGHT BE A LITTLE HARD TO GET THE ROAD THROUGH IS WIDE THERE AS IT IS IN OTHER PLACES. AND WE'LL HAVE TO ADDRESS THAT LATER BECAUSE IT REALLY IS IT IS HER PROPERTY. AND SO WE'LL HAVE TO DEAL WITH THAT. YEAH. OKAY. THAT'S THAT. MEGAN, IS THERE A REAL QUICK REPORT ON OUR I THINK 
          [12. DISCUSSION ITEM: RAI and Legislative Update]
THE SKY IS COMPLETELY FALLING. WHAT WHAT DO WE HAVE? WELL, WE HAVE BEEN ON THIS MEETING. I DID RECEIVE INFORMATION THAT THERE WILL BE AN URBAN RENEWAL SES INTRODUCED FOR PRINT TOMORROW. 
          I'M NOT SURE IF THAT'S AT REVENUE TAX OR WAYS AND MEANS, BUT YEAH. STAY TUNED. OKAY. VERY 
          [13. Next Meeting: April 17, 2025]
GOOD. OUR NEXT MEETING WILL BE APRIL 17TH. IS THERE A MOTION TO ADJOURN? SO MOVED SECOND. 
          SECOND. ALL IN FAVOR, SAY AYE. AYE. ANY OPPOSED? SAY NAY. ALL RIGHT, WE'RE ADJOURNED. THANK YOU. SORRY WE TOOK LONGER,
* This transcript was compiled from uncorrected Closed Captioning.