[7. ACTION ITEM: Consider Approval of the Confirmation of Reimbursement #1 Regarding the Grant Participation Reimbursement Agreement (River Commons Project)]

WHAT WHAT WE'VE GOT HERE? I MEAN, WE'VE WE'VE APPROVED GOING INTO THIS AND WHAT ARE WE DOING EXACTLY WITH THIS AGREEMENT? YEAH. THANK YOU, MR. CHAIR. THIS IS YOU'RE CORRECT.

THERE'S ALREADY AN AGREEMENT WITH BOLD VENTURES TO USE SOME OF THE CASH BALANCE TO PAY FOR THE CLEANUP OF WHAT WE'VE I GUESS WHAT BALL VENTURES IS NAMED THE BONEYARD TO CLEAN UP.

THERE'S A LOT OF CONTAMINATED OR CONTAMINATED ONWARD, SAY, PILES OF GARBAGE. THAT'S THE MORE TECHNICAL TERM. IF YOU HAVEN'T HAD A CHANCE TO DRIVE BY AND SEE HOW MUCH WORK AND HOW MUCH DEBRIS HAS BEEN REMOVED FROM THAT AREA, IT'S IT'S IMPRESSIVE. TANA WITH BALL VENTURES IS HERE. I'M SURE SHE'D BE HAPPY TO ANSWER ANY QUESTIONS AS WELL. AND IF YOU NEED A TOUR, IT'S AN EXCITING RIDE DOWN INTO THE PIT AND COMING BACK OUT. SO WHAT THIS IS IN FRONT OF YOU IS CONFIRMATION THAT THE WORK HAS BEEN COMPLETED, AND IT'S A CONFIRMATION THAT I'VE HAD A CHANCE TO REVIEW ALL OF THE INVOICES AND PROJECT COSTS TO MAKE SURE THAT THEY WERE ALL ELIGIBLE AND UNDER THE SCOPE OF THE AGREEMENT, WHICH I HAVE DONE, REVIEWED THOSE, DISCUSSED THEM WITH MEGAN, WE FELT THAT EVERYTHING WAS IN IN ACCORDANCE WITH THE ORIGINAL AGREEMENT. I'D ALSO POINT OUT THAT THE AGREEMENT WAS FOR 2,575,850, AND THE TOTAL PROJECT COSTS WERE ABOUT $200,000 LESS THAN THAT. SO IT'S IT DID COME IN A LITTLE BIT UNDER BUDGET, WHICH IS ALWAYS GOOD. AND SO THIS WHAT YOU'RE DOING IS APPROVING A CONFIRMATION THAT ALL OF THOSE OBLIGATIONS HAVE BEEN MET AND AUTHORIZING THE PAYMENT OF THOSE FUNDS. HAVE YOU LOOKED AT WHAT THE LIKELIHOOD OF GETTING THIS FULLY PAID IS BY THE END OF THE DISTRICT? YEAH. THERE'S IF LET ME PULL UP THE RIGHT DOCUMENT, THERE'S ACTUALLY SUFFICIENT ALMOST SUFFICIENT CASH. THERE IS SUFFICIENT CASH BALANCE TO COMPLETELY PAY IT OFF. TODAY IF WE WANTED TO APPROACH IT THAT WAY. AND THEN THERE'S ANTICIPATED REVENUES OVER THE NEXT COUPLE OF YEARS OF THE OF THE DISTRICT THAT WOULD MORE THAN MAKE UP OR MORE THAN MORE THAN COVER THOSE COSTS AS WELL. OKAY. THANK YOU. SO AT THIS POINT, WE ARE.

QUESTION IS THIS A PAYMENT THAT'S MADE LUMP SUM THEN IS WHAT YOU'RE SAYING? BRAD. IT COULD BE AS I WAS READING THE CONFIRMATION AGAIN, I DON'T RECALL IF THE THE GRANT PARTICIPATION AGREEMENT SPECIFIES IF IT'S LUMP SUM OR IF IT'S BROKEN UP. SO I'LL HAVE TO REVIEW THAT AND COORDINATE WITH WITH KATHY. BUT THERE ARE SUFFICIENT FUNDS TO MAKE TO MAKE THAT LUMP SUM CHECK. WE'RE AT 1676 AND THAT FUNDS. IS THAT RIGHT? SO TOTAL BALANCE AS OF TODAY IN THAT FUND IS 3.5 MILLION. YEAH. SO JULY 31ST, AS OF JULY 31ST. OKAY. OKAY. OKAY.

VERY GOOD. THANK YOU. IS THERE ANY OTHER FURTHER DISCUSSION ON THIS? SO WE'RE. THIS

[00:20:08]

CONFIRMATION IS A NECESSARY ADDITIONAL STEP TO WHAT WE'VE ALREADY AGREED TO CORRECT. THIS IS. SO THE FIRST STEP WAS AGREEING TO PARTICIPATE. THIS IS JUST ACKNOWLEDGMENT THAT BOTH PARTIES HAVE MET THEIR OBLIGATIONS OR SORRY, THE VOLUNTEERS MET THEIR OBLIGATION.

AND SO NOW WE'RE WE'RE OKAY TO PAY. THIS IS MORE OR LESS AUTHORIZATION TO MAKE THE PAYMENT NOW. OKAY. CONFIRMATION THE PROJECT IS DONE. ALL RIGHT. OKAY. THANK YOU. IS THERE ANY FURTHER DISCUSSION? OKAY. AT THIS POINT, I WOULD ENTERTAIN A MOTION TO APPROVE THE CONFIRMATION OF AGENCY REIMBURSEMENT TO. S.R.L. DEVELOPMENT. AND IN THE AMOUNT OF THAT HAS BEEN REVIEWED BY STAFF OF $2,365,478.30. MOVE TO APPROVE THE CONFIRMATION OF REIMBURSEMENT AGENCY REIMBURSEMENT. NUMBER ONE, REGARDING THE PARTICIPATION REIMBURSEMENT AGREEMENT FOR RIVER CONFERENCE PROJECT. IS THERE A SECOND? SECOND MOTION HAS BEEN MADE AND SECONDED. ALL THOSE IN FAVOR SAY AYE. AYE AYE. MR. CHAIR, LET'S GO AHEAD AND DO A ROLL CALL. VOTE ON THIS ONE AS WELL. OKAY. AND WOULD YOU DO THAT PLEASE, CHRISTOPHER HARDIE YES. CHRIS TONKOLILI. YES. BRANT THOMPSON YES. KARL CASPERSEN. YES. MOTION PASSES.

OKAY. THANK YOU. SKYLINE AND BROADWAY ECONOMIC FEASIBILITY UPDATE. YES. THANK YOU, MR.

[8. DISCUSSION ITEM: Skyline-Broadway Economic Feasibility Study Update]

CHAIR. HOPEFULLY YOU SHOULD EACH HAVE A SHEET THAT LOOKS LIKE THIS WITH SOME TABLES ON IT. THESE ARE SOME SELECTED TABLES FROM THE CURRENT DRAFT OF THE ECONOMIC FEASIBILITY STUDY. I DIDN'T BRING THE FULL DRAFT. THERE'S A FEW PIECES I'M STILL FINALIZING, BUT I GUESS A COUPLE OF UPDATES. NUMBER ONE IS THAT THE GOAL IS THAT NEXT MONTH THAT YOU'RE MEETING, YOU WOULD HAVE THE COMPLETED ECONOMIC FEASIBILITY STUDY. AND I BELIEVE ALSO THE URBAN RENEWAL PLAN. WE'RE GETTING SORT OF DOWN TO CRUNCH TIME TO HAVE IT ALL APPROVED AND DONE BEFORE THE END OF THE YEAR. AND I APPROACHED THIS ONE A LITTLE BIT DIFFERENTLY, WHICH IS WHY I WANTED TO BRING IT TO YOU TODAY TO EXPLAIN HOW I HOW I APPROACHED IT AND SEE IF THERE'S ANYTHING YOU'D LIKE TO HAVE ME LOOK AT DIFFERENTLY. USUALLY WHEN I WRITE THESE, OR AT LEAST THE PAST SEVERAL, THERE HAS BEEN ONE DEVELOPER INVOLVED AND IT'S ON PROPERTY THAT THEY CONTROL. IN THIS CASE, BECAUSE WE EXPANDED THE BOUNDARIES, THERE ARE A LOT OF POTENTIAL DEVELOPMENT SITES. THERE ARE A NUMBER OF THEM THAT THE ORIGINAL DEVELOPER, KINGSTON DEVELOPMENT, THAT THEY DO NOT CONTROL. AND SO TO BE VERY CONSERVATIVE IN HOW I LOOKED AT THIS, I BROKE DOWN THE. IF YOU LOOK AT TABLE ONE, I LOOKED AT THE POTENTIAL PRIVATE DEVELOPMENT THAT WE KNOW OF FROM KINGSTON COMMONS. I LOOKED AT THE PARCELS THAT ARE NORTHWEST OF OF THEIR PROPERTY. SO JUST RIGHT NEXT TO WALGREENS, THERE ARE ACTUALLY THERE'S A SITE PLAN THAT WAS SUBMITTED TO THE CITY. I ALSO UNDERSTAND THAT ANOTHER PORTION OF THAT PROPERTY IS SOLD FOR UPCOMING DEVELOPMENT. AND THEN I LOOKED AT THE YELLOWSTONE EDITION TO THE EAST AND LOOKED AT POTENTIAL DEVELOPMENT SITES, SITE PLANS THAT HAVE BEEN SUBMITTED AND MAYBE HAVE GONE AWAY AND TRIED TO CALCULATE DEVELOPMENT FROM THERE. AND THEN BASED ON THAT, TABLE TWO, EXCUSE ME. SO NOT BASED ON THAT YET, BUT BASED ON WHAT THE DEVELOPER HAS SUBMITTED OF KINGSTON COMMONS. TABLE TWO SHOWS YOU THEIR POTENTIAL ANTICIPATED COSTS. I WANT TO POINT OUT ONE THING ABOUT THAT 1.3 MILLION THAT YOU SEE FROM KINGSTON COMMONS THE GRADING, BLASTING AND OTHER SITE REMEDIATION FOR $500,000 AS AS YOU RECALL, WHEN THEY DID THEIR GEOTECHNICAL STUDY, THEY DID NOT FIND ANY ROCK. NOBODY IS QUITE CONFIDENT YET THAT WHEN THEY GRADE THAT SITE, THERE'S, THERE'S QUITE A QUITE AN ELEVATION CHANGE. NOT TOTALLY CONVINCED THAT THEY WON'T FIND ROCK. AND SO I'VE RESERVED $500,000 FOR POTENTIAL BLASTING, GRADING, SITE REMEDIATION. BUT THE CURB, GUTTER, SIDEWALK AND THE PHASE ONE UTILITIES AND IMPROVEMENTS. THOSE. I'M GOING TO TAKE THAT BACK. BUT PHASE ONE UTILITIES IMPROVEMENTS COME FROM THEIR NUMBERS. CURB, GUTTER AND SIDEWALK IS SOME ASSUMPTIONS THERE ALONG THE SKYLINE AND BROADWAY, THE SIDEWALK CURB GUTTERS INTO A REALLY BAD REPAIR. IT WILL HAVE TO BE REPLACED. AND SO IT'S POSSIBLE THAT THAT $1.3 MILLION IS HIGH. THAT'S REALLY WHAT I'M TRYING TO GET AT. BUT WE DON'T KNOW HOW MUCH OF THAT $500,000

[00:25:03]

WILL BE NEEDED. WHERE THAT COMES INTO PLAY IS TABLE FOUR. AND YOU KNOW, THE REASON I MENTIONED THAT I'M TYPICALLY WORKING WITH ONE DEVELOPER IS THAT WHEN I DO THE REVENUE PROJECTIONS AND THE OVERALL CASH FLOW, I'M ASSUMING THAT ALL OF THE TAX REVENUES OR THE 75% THAT GOES TOWARDS A DEVELOPER ALL GO TOWARDS THE ORIGINAL DEVELOPER, IN THIS CASE, AGAIN, TO BE CONSERVATIVE. I LOOKED AT THIS AS IF ONLY THE TAX REVENUES FROM KINGSTON COMMONS WOULD GO TOWARDS KINGSTON COMMONS EXPENSES. WE DON'T HAVE THE AGENCY DOESN'T HAVE TO DO IT THAT WAY. BUT I WANTED TO TAKE A LOOK AT IT THAT WAY IN CASE THERE WERE OTHER REQUESTS, AND HOPEFULLY THAT'S MAKING SENSE SO FAR. THE REASON THAT'S IMPORTANT IS IN THAT CONSERVATIVE SCENARIO THAT I USUALLY DO, WHICH IS VERY, VERY CONSERVATIVE, THAT POTENTIAL 1.3 MILLION IS NOT FULLY REPAID BY THE END OF THE DISTRICT. IN THE MODERATE SCENARIO, IT'S NOT REPAID FOR THE FULL 20 YEARS UNTIL THE VERY FINAL YEAR. AND THAT'S EVEN PAYING IN THAT FINAL YEAR OF OF THE ABILITY TO SPEND IN 2047. IT IS PAID OFF IN THE HIGH REVENUE SCENARIO AND HIGH THE HIGH REVENUE ACTUALLY USES THE LAST FIVE YEARS AVERAGES OF VALUATION INCREASES AND LEVY DECREASES. SO THAT OF THE ONES THAT ARE BASED ON REAL DATA, THAT'S THE HIGH ONE IS BASED ON REAL NUMBERS. THE OTHER TWO ARE SOME ASSUMPTIONS THAT THINGS WON'T GO QUITE THAT WELL. SO I WANT I WANTED THE BOARD TO BE AWARE THAT THAT'S HOW I LOOKED AT IT. IF IF I LOOK AT IT LIKE I NORMALLY DO AND JUST SAY 70% OF ALL THINGS THAT HAPPEN HERE, GO TO KINGSTON COMMONS FIRST FOR THAT OPA, THIS IS EASILY ECONOMICALLY FEASIBLE PROJECT THAT 1.39 MILLION GETS PAID OFF MUCH EARLIER IN THE DISTRICT. TABLE FIVE JUST SORT OF SUMMARIZES THAT THERE'S POTENTIAL, ANOTHER POTENTIAL $2.2 MILLION IN ESTIMATED COST FOR OTHER PROJECTS. THE YELLOWSTONE ADDITION HAS BEEN LACKING CURB, GUTTER, SIDEWALK FOR MANY, MANY YEARS. AND I SPOKE WITH THE CITY IN TERMS OF WHAT PRIORITIES THEY MIGHT HAVE, AND THAT WAS THEIR TOP PRIORITY FOR THAT AREA, AS WELL AS NEIGHBORHOOD PARK. YEARS AND YEARS AGO, THE CITY WAS GRANTED SOME LAND IN THIS AREA FOR THE PURPOSE OF A PARK, AND IT'S JUST NEVER BEEN DEVELOPED FOR A VARIETY OF REASONS. BUT IN SPEAKING WITH PARKS AND RECS, THEY THEY FELT LIKE $750,000 WOULD BE SUFFICIENT. SO THAT'S WHERE I'M, THAT'S WHERE I'M CURRENTLY AT. I'M TRYING TO TIDY THIS UP. SO YOU'LL HAVE IT NEXT MONTH. BUT I WANTED TO REALLY FOCUS A LITTLE BIT THERE ON TABLE FOUR AND SEE IF YOU'RE OKAY WITH THAT APPROACH. AND JUST SO YOU ALSO UNDERSTAND THAT IF IF INDEED ONLY REVENUES FROM KINGSTON COMMONS GOES TOWARD A POTENTIAL KINGSTON COMMON OPA, IT MAY NOT BE MAY NOT BE FULLY REPAID BY THE END OF THE 20 YEARS. BRAD, ARE ALL THE ROADS CURRENTLY PAVED IN YELLOWSTONE? THEY ARE PAVED, BUT NONE OF THEM HAVE CURBED OUT. BUT THEY DID GET PAID ATTENTION. THE. YES, YES, IT SEEMS LIKE THERE WERE SOME A FEW YEARS AGO. YEAH. SO SO IF YOU JUST LOOK AT THE TOTAL, SO THE 606,890,000 IN COSTS OF THAT STACKS UP TO THE 6,393,000. AND YOUR CONSERVATIVE REVENUE FIGURE FOR ALL. EXCEPT FOR ALL PROJECTS. E WELL, SO THAT'S THE NUMBER I USED IN ALL OF THE ALL OF THE THOSE ARE THE COSTS I USED FOR ALL OF THOSE SCENARIOS. THE DIFFERENCES IN THE REVENUES.

RIGHT. YEAH. WHICH YEAH. SO THERE'S A IN YOUR CONSERVATIVE FIGURES, THERE'S $500,000 SHORTFALL IN TOTAL. IS THAT RIGHT? NO. SO IN THE CONSERVATIVE THERE'S A $53,000 SHORTFALL FOR THE KINGSTON COMMONS OPA. BUT THERE'S A TOTAL 4.4 MILLION SURPLUS. OKAY.

OVER AND ABOVE THAT, 6.8 MILLION IN THE CONSERVATIVE COLUMN. YES. SO THAT'S. SO SO CONSERVATIVELY WE'RE GONNA. IS THAT FROM. WHERE IS WHERE IS THAT $10 MILLION? SO, SO SO WHAT THAT IS, THAT'S BASED ON TAXES GENERATED BY. IF YOU LOOK AT TABLE ONE, THAT BOTTOM NUMBER, THE $41.7 MILLION IN INVESTMENT, IF THAT'S TAXED AT A CONSERVATIVE RATE OF

[00:30:04]

VALUATION INCREASES, 2% LEVY DECREASES 1% OVER 20 YEARS, YOU'D GENERATE ROUGHLY $10 MILLION IN 10 OR $11 MILLION IN TAX REVENUE. OR IS IT $10 MILLION? I'M SORRY, I'M NOT FOLLOWING THAT. YEAH, IT'S NOT IT'S NOT SHOWING UP IN THESE TABLES. THAT'S WHY. SORRY. IT'S JUST HITTING ME THAT YOU DON'T ACTUALLY SEE IT. IT'S IN A IT'S IN A BACKGROUND TABLE THAT'S FEEDING THESE. YEAH. TABLE THREE. WELL IT'LL BE ON HERE. YEAH. SO THE NUTS AND BOLTS OF IT IS THAT WE'RE GOING TO SPEND 6.9 MILLION. AND IT COULD BE BY THE END OF THIS. WE'RE NOT GOING TO GET 5000 BACK. BUT WE'LL HAVE 417 IN ADDITIONAL VALUE PROPERTIES. IS THAT RIGHT.

SO IT WOULD BE THE THE KINGS. THE KINGSTON'S MIGHT NOT RECEIVE THEIR FULL $1.3 MILLION IF YOU KEEP THEM SEGREGATED. RIGHT. ONLY IF YOU KEEP THEM SEGREGATED BECAUSE IT'S A DEVELOPER RISK. CORRECT. THE AGENCY IS NOT GOING TO LOSE MONEY. AND THAT'S JUST THAT'S JUST IN THE CONSERVATIVE APPROACH, RIGHT? THAT'S CORRECT. AND SO THAT'S LIKE, AND HAVE THE KINGSTON SEEN THIS AND THEY'RE OKAY WITH IT. THEY HAVE NOT THEY HAVE NOT SEEN THIS YET.

OKAY, OKAY. OKAY. SO WE WILL JUST HAVE A FURTHER REFINED REPORT ON THIS NEXT MONTH. NEXT MONTH. YEAH. AND AGAIN, IF THERE'S A DIFFERENT WAY YOU'D LIKE ME TO PRESENT THIS, I CAN ALSO PRESENT IT AS IF KINGSTON'S ARE NOT ISOLATED. SO YOU CAN SEE BOTH. I THINK THAT'S FINE. I THINK WITH THE FULL REPORT, WE'LL HAVE A LITTLE MORE COLOR AND CLARITY THAT IT'S THE DEVELOPER RISK. YEAH, BUT I APPRECIATE THE HEADS UP ON THIS. WE CAN'T WE CAN'T CROSS OVER AND PAY THIS 53000 FROM OTHER PARTS OF THE DISTRICT. CAN WE? YOU COULD BECAUSE IT'S ALL WITHIN THE SAME DISTRICT. YOU COULD CERTAINLY APPROACH IT THAT WAY.

WELL, I GUESS THE PUBLIC PARTS OF IT. YEAH, I, I WAS THINKING MORE ALONG THE PRIVATE LINES, BUT. BUT KINGSTON'S RESPONSIBLE FOR CERTAIN PROJECTS. YEAH. THEY'RE THE ONLY KNOWN ENTITY THAT'S GOING TO HAVE REIMBURSABLE EXPENSES AT THIS POINT. I HAVE NO OTHER THERE'S NO OTHER DEVELOPERS THAT HAVE COME FORWARD ASKING FOR ASSISTANCE. SO IT SEEMS LIKE WE SHOULD KEEP IT SEGREGATED FOR THE TIME BEING. OKAY. ANY OTHER COMMENTS ON BROADWAY AND SKYLINE? OKAY, WITH THAT, WE'LL MOVE ON TO THE DIRECTOR'S REPORT. BRAD, DO YOU WANT TO GO

[9. DISCUSSION ITEM: Directors Report]

THROUGH THAT WITH US? THANK YOU. AS SOON AS WE. COPY IS MANIFEST. THERE IT IS. SO YEAH, JUST A FEW UPDATES ON THE WILLOW CREEK DISTRICT. THE PLANNING AND ZONING COMMISSION DID APPROVE THEIR RESOLUTION, FINDING IT CONSISTENT WITH THE COMPREHENSIVE PLAN. SO THAT'S CONTINUING TO MOVE FORWARD. IT'LL BE BEFORE THE CITY COUNCIL IN SEPTEMBER. SO EVERYTHING'S STILL MOVING ALONG THERE IN RIVER COMMONS. AND STANLEY BOGUE, I HAD SOME MEETINGS WITH CITY DEPARTMENTS TO DISCUSS PRIORITY PROJECTS FOR FOR DIFFERENT REASONS.

RIVER COMMONS, OF COURSE, IS GETTING CLOSE TO CLOSING OUT, AND WE NEED TO DETERMINE PRETTY QUICKLY WHAT PROJECTS ARE ARE AVAILABLE TO SPEND. REMAINING FUNDS ON. THE CITY'S TOP PRIORITY THAT WE TALKED ABOUT WAS COMPLETING THE BRIDGE BETWEEN THAT GOES ACROSS THE CANAL THERE ON THE NORTHWEST SIDE OF THE DISTRICT THAT'S PARTIALLY BEEN BUILT. IT WAS AT LEAST PARTIALLY THE RESPONSIBILITY OF THE SNAKE RIVER WEST DEVELOPER. BUT I THINK ALL PARTIES ARE FEELING THAT THAT'S A PROJECT THAT REALLY NEEDS TO BE TOP PRIORITY.

SO WE'LL CONTINUE TO TO EXPLORE THAT AND GET SOME MORE REFINED COSTS. AND AS WE DEVELOP A MORE DEFINITIVE CLOSEOUT PLAN FOR RIVER COMMONS, STANLEY BOGUE IS DIFFERENT. IT'S THE BEGINNINGS OF THE DISTRICT, RIGHT? IT'S ONLY BEEN OPEN FOR A FEW YEARS. BUT THE DEVELOPER WHO ORIGINALLY PUT HELPED PUT THAT TOGETHER HAS NEVER COME FORWARD WITH A PROJECT. AND THE LAST I SPOKE WITH THEM, THEIR FEELING WAS THAT THE COST OF ROCK BLASTING WERE STILL TOO HIGH, AND THEY DIDN'T WANT TO BE REIMBURSED OVER TIME. THEY WANT A CASH PAYMENT UP FRONT, AND THAT WILL BE QUITE A FEW YEARS BEFORE THERE WOULD BE POTENTIALLY ENOUGH REVENUE THERE, BUT ALSO KIND OF IN RELATION TO THE KINGSTON COMMONS DISCUSSION, WE JUST HAD, THE TAX REVENUES THAT ARE FLOWING INTO THAT DISTRICT ARE NOT FROM THEM. IT'S FROM OTHER PROJECTS THAT HAVE OCCURRED WITHIN THE DISTRICT. SO THEY ARE NOT NECESSARILY ENTITLED TO

[00:35:01]

ANY OF THAT CASH THAT'S CURRENTLY IN THE FUND BALANCE. AND SO WE'RE AT LEAST EXPLORING A LIST OF POTENTIAL PUBLIC PROJECTS THAT COULD BE DONE WITH WITH THOSE FUNDS. IF THE DEVELOPER DOESN'T COME FORWARD AND REQUEST ANY OF THOSE. AND SO WORKING WITH THE CITY, THEY WILL LIKELY COME WITH A PRESENTATION TO THE BOARD IN THE NEAR FUTURE ON WHERE THEY CAN SEE THOSE FUNDS BEING SPENT TO IMPROVE PUBLIC FACILITIES. AND THEN FINALLY, EAST BANK.

THIS IS A SLIGHTLY ERRONEOUS THE WAY I WROTE THIS BECAUSE I MISREAD THE EMAIL, WHAT THEY.

THEY'VE SUBMITTED THE CERTIFICATE OF OCCUPANCY, WHICH IS GREAT. THE HOTEL IS COMPLETE AND IT'S OPEN FOR OPERATION, BUT THE BOARD MAY RECALL YOU ACTUALLY ALREADY DID THE CONFIRMATION OF REIMBURSEMENT BACK IN FEBRUARY, SO THEY'D ALREADY SOMEBODY HAD ALREADY GONE THROUGH THE COST DETAILS. IT MIGHT HAVE EVEN BEEN ME AND I DON'T REMEMBER. SO THAT'S ALL BEEN TAKEN CARE OF. AND THEY WERE JUST SUBMITTING THAT FINAL PIECE, WHICH WAS THE CERTIFICATE OF OCCUPANCY. AND SO I'LL WORK WITH MEGAN AND CASSIE TO BEGIN THE PROCESS OF STARTING OPAQUE PAYMENTS NEXT YEAR, WHEN TAX REVENUES ARE AVAILABLE. OR I SHOULDN'T SAY NEXT YEAR, I SHOULD SAY WHEN TAX REVENUES ARE AVAILABLE FROM THAT PROJECT. SO GOING BACK TO RIVER COMMONS, IS THERE ANYTHING ELSE BESIDES THAT BRIDGE? WE'RE LOOKING AT DOING? THAT WAS I'M GOING TO PULL UP, OPEN THE NOTES. MY MEMORY OF THAT MEETING IS THAT THAT WAS THE ONLY THING THAT CAME UP FROM THE CITY SIDE, UNLESS THERE WAS, YOU KNOW, ANY POTENTIAL FOR THINGS ALONG RIVERWALK. BUT OR EXCUSE ME, ALONG MILLIGAN, INCLUDING THE RIVERWALK. BUT THE LATEST DISCUSSIONS WHEN WE WERE PUTTING TOGETHER THE RIVERSIDE DISTRICT WAS THAT THE, THE DEVELOPER OF ALL VENTURES HAD A DIFFERENT VISION THAT THEY WANTED TO TALK THROUGH WITH THE CITY AND POTENTIALLY USE RIVERSIDE REVENUES FOR ALONG RIVER. SO MAYBE SOMETHING ALONG MILLIGAN. BUT AS OF RIGHT NOW, THAT'S THE ONLY PROJECT THAT WAS DEFINITIVELY TALKED ABOUT THAT ISN'T THAT BRIDGE BASICALLY BUILT, BUT NOT THE APPROACHES TO IT EITHER? YEAH, FROM WHAT I UNDERSTAND, AND THE CITY STAFF MIGHT BE ABLE TO CLARIFY THIS, BUT I BELIEVE THE DECK IS IN, THE PILLARS ARE IN, THE DECK IS IN, IT'S NOT COMPLETELY FINISHED. AND YOU'RE RIGHT, THE APPROACHES ARE NOT IN AS WELL. RIGHT. I GET IT.

OKAY. OKAY. THANK YOU. IT SEEMS LIKE THERE WAS SOME TALK ABOUT PATHWAYS ALONG SUNNYSIDE ALSO.

YES, THAT WILL BE FOR THE RIVERSIDE DISTRICT BECAUSE RIVERWALK DOESN'T GO DOWN THAT FAR SOUTH RIVER. RIVER. RIVER. YEAH. LOTS OF RIVERS. YEAH. I DON'T KNOW WHICH MAP I'M LOOKING AT ANYMORE. RIGHT. AND THEN ON STANLEY BOGUE, THE, THE DEVELOPERS, ARE THEY THE ONES THAT WERE, THEY WERE TRYING TO FIGURE OUT HOW TO BUILD THAT BUILDING AND THEY WERE EITHER GOING TO BLAST OR RAISE THE FOUNDATION UP THE SAME. THAT'S THAT'S THE ENTITY. CORRECT.

OKAY. OKAY. THANK YOU FOR THAT REPORT. ALL RIGHT. MEGAN, DO YOU HAVE ANYTHING FOR US ON RAY?

[10. DISCUSSION ITEM: RAI and Legislative Update ]

THANK YOU, MR. CHAIR. COMMISSIONERS RAY IS ACTUALLY MEETING TODAY, BUT HAS HAD A ONE MEETING OFF, I BELIEVE, SINCE THE ANNUAL MEETING OCCURRED IN JUNE. SO I WILL HAVE MORE INFORMATION REGARDING POTENTIAL INITIATIVES FOR 2027. AT THE TIME OF YOUR SEPTEMBER MEETING, BUT NOTHING TO REPORT TODAY. OKAY. THANK YOU. WELL, WITH THAT, I'LL ENTERTAIN A MOTION TO ADJOURN THE MEETING. MOVE TO ADJOURN. SECOND. MOVED AND SECONDED. ALL IN FAVOR, SAY AYE. AYE AYE. THAT PASSES UNANIMOUSLY. THANK YOU ALL. AND BE BACK IN A MONTH. THANKS, MEGAN. THANKS, CASSIE. THANKS. THANK YOU ALL. APPRECIATE IT. HAVE A GOOD REST OF YOUR WEEK.

YES.

* This transcript was compiled from uncorrected Closed Captioning.

Aug 20, 2026 Redevelopment Agency

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