Cocoa CRA

Cocoa Community Redevelopment Agency Meeting

Date: 2026-10-05
Status: Draft minutes and machine transcript available
Source: CivicClerk event #1410

📄 Read the City's record 📝 Transcript 📋 Agenda (PDF, 133 KB) 📋 Agenda Packet (PDF, 22.8 MB) 🎬 Recording ↗

Built from draft minutes printed in an agenda packet — no AI-written text Briefing final

The City's record

What the City's record shows

Draft minutes printed in the City's agenda packet of 2026-11-10, pp. 6–12; not yet approved.

Built only from this meeting's draft minutes (2608_Cocoa_CRA_Agenda_11_10_2026.pdf, packet pp. 6–12). Page numbers are the minutes' own. Discussion is in the minutes' text; it is not summarised here.

Attendance (the roll call)

Listed present when the roll was taken: Alex Goins, Patricia Weeks, Lavander Hearn, Lorraine Koss, Janne Etz, Candace Rogers
Arrived after the roll: Mike Blake (the minutes note: “arrived late.”)
(Checked against the ballots and the printed roll lines; no independent membership list of this board is available to confirm that the roll is complete.)
Listed absent: only the members shown above as arriving after the roll
Also listed as present (staff and other roles): Anthony A. Garganese (Agency Attorney), Peyton Fink (Recording Secretary)
Named on at least one ballot later in the meeting: Alex Goins, ETZ, Lavander Hearn, Lorraine Koss, Mike Blake, Patricia Weeks, ROGERS (participation, which can differ from the roll: arrivals and departures are in the minutes' text)

Adopted actions (5)

to approve the Agenda for the Regular meeting of October 5, 2026, as written (moved by Patricia Weeks, seconded by Lorraine Koss); PASSED 6-0; ayes: ETZ, Alex Goins, Lavander Hearn, Lorraine Koss, ROGERS, Patricia Weeks; nays: none — the draft minutes p. 2, packet pp. 6–12
to approve the Minutes for the Special Meeting of September 8, 2026, as written (moved by Patricia Weeks, seconded by ROGERS); PASSED 6-0; ayes: ETZ, Alex Goins, Lavander Hearn, Lorraine Koss, ROGERS, Patricia Weeks; nays: none — the draft minutes p. 2, packet pp. 6–12
to approval to fund the proposed analysis for the repair/replacement of the band shell in Riverfront Park (moved by Alex Goins, seconded by Mike Blake); PASSED 7-0; ayes: Mike Blake, ETZ, Alex Goins, Lavander Hearn, Lorraine Koss, ROGERS, Patricia Weeks; nays: none — the draft minutes p. 3, packet pp. 6–12
to staff to develop a TIF agreement to bring back to the CRA (moved by Alex Goins, seconded by ETZ); PASSED 7-0; ayes: Mike Blake, ETZ, Alex Goins, Lavander Hearn, Lorraine Koss, ROGERS, Patricia Weeks; nays: none — the draft minutes p. 6, packet pp. 6–12
to adjourn the Regular meeting of October 5, 2026 (moved by Patricia Weeks, seconded by ROGERS); PASSED 7-0; ayes: Mike Blake, ETZ, Alex Goins, Lavander Hearn, Lorraine Koss, ROGERS, Patricia Weeks; nays: none — the draft minutes p. 7, packet pp. 6–12

Motions not adopted (1)

to defer the consideration of TIF (Tax Incremental Financing) until agency members have all supporting materials minus anything confidential to understand what is being given up or returned (moved by ROGERS, seconded by Lorraine Koss); FAILED 2-5; ayes: ROGERS, Lorraine Koss; nays: Mike Blake, ETZ, Alex Goins, Lavander Hearn, Patricia Weeks — the draft minutes p. 6, packet pp. 6–12

Draft minutes, as printed in a later agenda packet

Draft minutes printed in the City's agenda packet of 2026-11-10, pp. 6–12; not yet approved.

Source: 2608_Cocoa_CRA_Agenda_11_10_2026.pdf, the agenda packet of the 2026-11-10 meeting, packet pp. 6–12; lines 164–429 of the City's text of that file. The packet's own page footers are left out below.

Read the draft minutes

MINUTES 
COCOA CRA 
October 5, 2026 
 
The Regular Meeting of the Cocoa Community Redevelopment Agency was held 
on Monday, October 5, 2026, in Cocoa City Hall, in City Council Chambers, 
located at 65 Stone Street, in Cocoa, Florida, 32922, as publicly noticed. 
I. CALL TO ORDER:  
Vice Chairperson Goins called the meeting to order at 6:01 p.m. 
 
INVOCATION: Agency Member Hearn led the assembly in Invocation.   
 
PLEDGE OF ALLEGIANCE: Agency Member Etz led the assembly in the Pledge 
of Allegiance.   
 
 
 PRESENT: 
Alex Goins   Vice Chairperson 
Patricia Weeks  Agency Member  
Lavander Hearn  Agency Member  
Lorraine Koss  Agency Member 
Janne Etz   Agency Member 
Candace Rogers   Agency Member  
Anthony Garganese  Agency Attorney  
    Peyton Fink   Recording Secretary 
 
ABSENT: Chairperson Blake arrived late.  
  
OTHER STAFF MEMBERS PRESENT: 
 
City Manager Whitten, Community Services Director Neuterman.   
II. Approval of Agenda and Minutes: 
Agenda: Regular Meeting held on October 5, 2026, either as written or with 
amendments.  
 


Regular Cocoa CRA Meeting  10-05-2026 
 
Page | 2  
 
* MOTION by Agency Member WEEKS ; Seconded by Agency Member KOSS  
to approve the Agenda for the Regular meeting of October 5, 2026, as written.  
 
 THE VOTE ON THE MOTION WAS: 
 
 AYES: ETZ, GOINS, HEARN, KOSS, ROGERS, WEEKS. 
 THE MOTION PASSED UNANIMOUSLY (6-0) 
Minutes: Special Meeting held on September 8, 2026, either as written or with 
amendments.   
* MOTION by Agency Member WEEKS;  Seconded by Agency Member 
ROGERS to approve the Minutes for the Special Meeting of September 8, 
2026, as written.   
 
 AYES: ETZ, GOINS, HEARN, KOSS, ROGERS, WEEKS. 
 THE MOTION PASSED UNANIMOUSLY (6-0) 
III. DELEGATIONS:   
IV. PRESENTATIONS: 
V. ACTION ITEMS: 
1. Request Agency approval to fund the proposed analysis for the 
repair/replacement of the band shell in Riverfront Park. Approve a budget 
transfer (BAF# 27-007T) in the amount of $37,400 from Contingency to 
Professional Services for the proposed activity.  
 
Director Neuterman provided some background information regarding the 
bandshell and explained that there are some issues with it that need to be 
addressed. Kimley Horn is being asked to do the design, and if construction is 
needed then a report will be shared with the agency at a later time.  
 
Several of the agency members had questions regarding this item. There were 
inquiries about the CRA’s role in paying for this, how it fits in with the CRA Plan, 
and how much revenue the bandshell brings in from events. Director Neuterman 
responded to these questions by sharing that this item is just for design not 
construction. She also stated that though the bandshell is not in the CRA Plan, 
Riverfront Park is and we have contributed to the maintenance of the park in the 


Regular Cocoa CRA Meeting  10-05-2026 
 
Page | 3  
 p
ast. Director Neuterman further explained that the funds would come out of 
FY27 and it would be moved from Continegncy where there is approximately 
$1.4 million. It was also pointed out by the City Manager that the bandshell does 
not bring in a significant amount of revenue from events in the park.
Vice Chairperson Goins discussed some of the issues with the bandshell, 
especially when it rains. He mentioned how there are issues with the infield, but it 
was pointed out that since this item is only for the structural components, another 
company would need to do an analysis on the infield.
Agency Member Hearn wondered about what led to the analysis. Director 
Neuterman responded that there is rusting and cracks on the structure.
Agency Member Rogers does not feel that there is enough information. So, she 
is not necessarily in favor of this right now.
Agency Member Koss addressed the turf analysis and shared information 
regarding the drainage system and how it is a matter of routine maintenance to 
keep it. It was noted that Public Works does maintenance on the system.
(The Chairperson arrived)
The City Manager explained that the replacement is in the general fund budget, 
so it is a shared cost. He further noted that the bandshell is an amenity attached 
to the park so requesting funds is appropriate. The City Manager also spoke 
about the damages to the bandshell.
A motion was made to approve with staff recommendation, and it was seconded 
by the Chairperson.
Vice Chairperson Goins thinks this is a win-win, and he believes it will be an 
asset.
Agency Member Etz is not opposed to participating in fixing the bandshell, but 
she thinks it should be the City’s responsibility to take care of the repairs.
* MOTION by Vice Chairpersons GOINS; Seconded by Chairperson BLAKE for 
approval to fund the proposed analysis for the repair/replacement of the 
band shell in Riverfront Park. As well as a budget transfer (BAF# 27-007T) in 
the amount of $37,400 from Contingency to Professional Services for the 
proposed activity.
 
 AYES: BLAKE, ETZ, GOINS, HEARN, KOSS, ROGERS, WEEKS. 
 THE MOTION PASSED UNANIMOUSLY (7-0) 


Regular Cocoa CRA Meeting  10-05-2026 
 
Page | 4  
 
2. Staff is requesting that the CRA Board review the Final Application for a TIF 
Incentive Agreement presented by The Framework Group (430 Brevard, LLC) and 
provide any final direction before proceeding with completing the draft TIF 
Incentive Agreement. 
 
The Chairperson is in favor of this item, and he believes it is a worthwhile 
investment that may bring in revenue resulting in longevity.
Director Neuterman read a description of the action item. She provided 
information to the agency members regarding what the project is and explained 
the purpose of TIF as well as how it encourages development, brings in jobs, etc. 
There is $7 million estimated in Revenue with payments being made on an 
annual basis. A presentation was then provided which included information 
regarding the financial overview, developer request, CRA benefit, development 
costs, the total private-to-public investment ratio, final application documents,
and the development timeline. Director Neuterman noted that the CRA Board 
may participate in the negotiations.
Agency Member Rogers does not believe the board is prepared to vote on the 
item today and wants to defer it until everyone has sufficient opportunity to 
review the related documents. She would like to make a motion to defer the 
consideration of the proposed TIF until we have all supporting documents minus 
anything confidential.
The Chairperson stated that the City has done other projects with this group and 
to his knowledge their integrity has not been called into question. He does not 
doubt that this is a good thing.
Agency Member Etz does not like change and is not looking forward to 
construction. She recently had a conversation with someone and heard that this 
project is for the next generation and likes that idea. She is also comfortable with 
what has been presented to the agency. During her statements, it was pointed 
out that the projected amount that we would keep is just for this property and not 
the properties around it.
Agency Member Koss agrees with a lot of what Agency Member Etz said but she 
has not seen why the maximum amount for ten years is needed. She talked 
about Framework Group as well as their previous projects and would like an 
opportunity for the agency members to look at the figures. Agency Member Koss 
then brought up a few questions she had. One of the questions was in regard to 
the TIF amount and if it changes over time, which the City Manager and Director 
Neuterman responded to. She then wondered if the value was transferable to 
which the Agency Attorney responded by explaining that it will be written into the


Regular Cocoa CRA Meeting  10-05-2026 
 
Page | 5  
 
agreement. It was also noted that the TIF is only for this project and there are 
certain objectives that must be met before payment.  
Agency Member Rogers stated that this has nothing to do with supporting this 
project, but she has concerns about whether the TIF fits and if agency members 
have received the required information to make a decision. She also mentioned 
getting an outside analysis to make a counter suggestion. The agency member 
asked to defer the decision tonight until all parties can be fully informed.  
Vice Chairperson Goins wondered about getting an outside analysis. The City 
Manager does not believe the group will let a third party look at their financials. 
He then explained the process going forward and shared that there may be 
another opportunity to review the financials. The Vice Chairperson talked about 
affordability and if a property could be brought up for community benefit and he 
wanted to see if the Framework Group could work with the City for a potential 
integration with their contract when dealing with TIF. Though the City Manager 
does not know if that can be made a part of this agreement, he does know about 
the Porch Light Organization and some information regarding it was given.   
Agency Member Weeks stated that her concern is not with the project. She does 
not want to do anything that will keep it from moving forward.  
Jessica Galow spoke on behalf of Framework Group. She discussed the initial 
TIF request for 95% and how it took time to identify if they could deliver the 
quality of development that they had committed to in the development agreement 
for 90%. Mrs. Galow also spoke on how there is not a lot of flexibility due to when 
the CRA is sunsetting. A project with Daytona Beach was brought up, as was the 
reasoning to why the financials are confidential and what figures are available for 
public review. The economic impact report and TIF structure were then 
discussed. Mrs. Garlow also answered a question previously asked regarding 
transferability before sharing projects that Framework Group has had with 
Daytona Beach. There is a required equity of 20% for the developer and this 
project has doubled it.   
Thomas Sexton from Framework Group spoke about community programing and 
collaboration with the Mainstreet Group. It is a goal for Framework Group to 
become a part of the community and to put programming in place to infuse local 
establishments into the project.  
Agency Member Hearn wondered what was dependent on getting the project 
done as soon as possible. Mrs. Garlow responded by discussing the various 
steps and processes that will need to take place such as engineering, a site plan, 
etc. The City Manager added that this project has always been with RVI.  


Regular Cocoa CRA Meeting  10-05-2026 
 
Page | 6  
 
Vice Chairperson Goins asked about local preference. Thomas Sexton 
responded that they have a contracting company that will at times bring in locals. 
The Chairperson noted that in the past there have been contracts that allowed a 
threshold for local contractors when it came time for bidding, but he does not 
know if it still exists.  
Agency Member Koss spoke of the proposed motion on the floor. She also 
pointed out that there are four structures without the proper wastewater 
infrastructure. The City Manager responded that this is all the more reason to 
accelerate the project. If all large building types were here today there would be a 
capacity issue and someone has to pay for the additional needed capacity.  
* MOTION by Agency Member ROGERS; Seconded by Agency Member KOSS 
to defer the consideration of TIF (Tax Incremental Financing) until agency 
members have all supporting materials minus anything confidential to 
understand what is being given up or returned.  
 
 AYES: ROGERS, KOSS 
 NAYS: BLAKE, ETZ, GOINS, HEARN, WEEKS 
 THE MOTION FAILED (2-5)  
A motion was then made by Vice Chairperson Goins for staff to develop a TIF    
agreement to bring back to the CRA and it was seconded by Agency Member 
Etz.  
* MOTION by Vice Chairperson GOINS; Seconded by Agency Member ETZ for 
staff to develop a TIF agreement to bring back to the CRA.  
 
AYES: BLAKE, ETZ, GOINS, HEARN, KOSS, ROGERS, WEEKS 
 THE MOTION PASSED UNANIMOUSLY (7-0)  
VI.  ATTORNEY REPORT: None 
VII.   UPDATES AND STAFF REPORTS: None 
VIII.  NEXT MEETING DATE: 
Monday, November 2, 2026, at 6:00 pm in the Council Chambers located in Cocoa 
City Hall, 65 Stone Street, Cocoa, Florida.              
 
IX.  ADJOURNMENT: 
 


Regular Cocoa CRA Meeting  10-05-2026 
 
Page | 7  
 
* MOTION by  Agency Member WEEKS ; Seconded by Agency Member 
ROGERS to adjourn the Regular meeting of October 5, 2026. 
 AYES: BLAKE, ETZ, GOINS, HEARN, KOSS, ROGERS, WEEKS. 
 THE MOTION PASSED UNANIMOUSLY (7-0) 
 The meeting adjourned at 7:29 PM 
 ________________________________ 
       Michael C. Blake, Chairperson 
 Respectfully Submitted by: 
 
Peyton Fink, Recording Secretary 
 
 
 
 
 
 
________________________________

Agenda (the City's wording)

Time links are automatic matches to the machine transcript and may be off.

An item without a time link may still have been discussed; the link is only added when the automatic match is strong.

I. CALL TO ORDER

1. Invocation
2. Pledge of Allegiance
3. Roll Call

II. APPROVAL OF AGENDA AND MINUTES

1. Agenda: Regular Meeting of October 5, 2026.
2. Minutes: Special Meeting of September 8, 2026.

III. DELEGATIONS

IV. PRESENTATIONS

V. ACTION ITEMS

1. Request Agency approval to fund the proposed analysis for the repair/replacement of the band shell in Riverfront Park. Approve a budget transfer (BAF# 27-007T) in the amount of $37,400 from Contingency to Professional Services for the proposed activity. — 00:04:54
2. Staff is requesting that the CRA Board review the Final Application for a TIF Incentive Agreement presented by The Framework Group (430 Brevard, LLC) and provide any final direction before proceeding with completing the draft TIF Incentive Agreement. — 00:24:29

VI. ATTORNEY’S REPORT

VII. UPDATES AND STAFF REPORTS

VIII. NEXT MEETING DATE - November 2, 2026 at 6:00 PM

IX. ADJOURNMENT

Transcript Partial transcript

Machine transcription of the meeting recording. The words are the recognizer's, except where a passage is marked as corrected or machine re-recognized; most have not been checked against the audio, so words, numbers and names can be misheard. It describes what was said. It cannot establish who voted how, an amount or an outcome — the City's minutes do that (above). A time links to its passage, and “Copy link” copies that link. No recording can be started from here.

How this transcript was made. New machine transcription of the whole recording, with 14 voices separated from the audio. 19 short machine repair(s) (20 word(s)) are labelled in place, with the original words beside them: an ordinary word was replaced only where two further machine readings agreed on a different one. Checks run on this transcript: the recognizer's own warning signs and whether a voice was detected where the words are. Not completed: language review. A second, independent machine reading was compared with it word by word: the same words for 92.0% of 13,489 content words. Dotted words (420 places) are ordinary wording differences: hover or tap to see the other reading. 320 passages (23% of the words) are marked suspect: their words are not shown ("unclear audio") and support no statement: numbers, amounts, negation or names differ; the language review questioned them; or no voice was detected there. Agreement between two machine readings is not verification.
Inspection is incomplete: language review.

Speakers were separated by voice. A plain name rests on evidence tied to that voice; “provisional” is a name from an earlier text-only pass and is not verified; “Speaker N” is an unidentified voice.

[00:00:01] Speaker 1 · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 00:00:01–00:00:05 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:00:06] Speaker 2

Okay.

[00:00:06] Attribution uncertain

And

[00:00:06] Speaker 2

they've...

[00:00:07] Speaker 1 + overlapping voice · overlapping voices

So taxation and legislation.

[00:00:09] Attribution uncertain · Unclear audio

[unclear audio]

Flag: a language review questioned the wording · 00:00:09–00:00:14 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:00:09] Speaker 1 + overlapping voice · overlapping voices · Unclear audio

[unclear audio]

[00:00:10] Speaker 2 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:04]

[00:00:14] Speaker 2 + overlapping voice · overlapping voices

a certain way and then they record your voice. Well, there's no grass

[00:00:16] Speaker 1 + overlapping voice · overlapping voices

growing under your

[00:00:17] Speaker 3

feet.

[00:00:18] Speaker 2 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:01]

Flag: a language review questioned the wording · 00:00:18–00:00:24 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:00:19] Speaker 1 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:05]

[00:00:25] Speaker 1 + overlapping voice · overlapping voices · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:00:25–00:00:25 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:00:26] Speaker 1 + overlapping voice · overlapping voices

Nope. Oh, did you see the picture of us with my last Bahama

[00:00:31] Speaker 1 + overlapping voice · overlapping voices · Machine re-recognized

parrot

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[00:00:32] Speaker 1 + overlapping voice · overlapping voices

that's alive?

[00:00:33] Speaker 1 + overlapping voice · Unclear audio

[unclear audio — 0:01]

Flag: a language review questioned the wording · 00:00:33–00:00:40 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:00:36] Speaker 3 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:02]

[00:00:39] Speaker 1 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:01]

[00:00:40] Speaker 1 + overlapping voice · overlapping voices

all of us. This is Squeaker. She's the last of the four that I raised. Oh, my God. Yes, we have that connection. We did...

[00:00:49] Speaker 1 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:05]

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[00:00:54] Speaker 1 + overlapping voice · overlapping voices

I said, I know you did. I know you did. So

[00:00:57] Speaker 3 + overlapping voice · overlapping voices

I said, it's the only

[00:00:58] Speaker 1 + overlapping voice · overlapping voices

time, last time or the only time I know of that we'll all be together there with one of the Bahama parents. So I got a picture of us, just the four of us in front. And then, of course, I have pictures of me with the grandkids in front of the cage, too. But somebody's head is... Oh, Squeaker's right there. It's hard to see her. But anyway.

[00:01:20] Speaker 2 + overlapping voice · overlapping voices

Yes. That's why there's a little bit ‸ too long.

[00:01:23] Speaker 1

But we had a great time.

[00:01:24] Attribution uncertain · Unclear audio

[unclear audio]

Flag: the recognizer flagged its own output; a language review questioned the wording · 00:01:24–00:01:29 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:01:24] Speaker 1 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:03]

[00:01:27] Attribution uncertain · Unclear audio

[unclear audio]

[00:01:27] Speaker 2 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:02]

[00:01:29] Speaker 2 + overlapping voice · overlapping voices

I did. The

[00:01:29] Speaker 1 + overlapping voice · overlapping voices

last bingo. $592. I

[00:01:32] Attribution uncertain

was

[00:01:32] Speaker 2 + overlapping voice · overlapping voices

cussing out. Oh, my God. I know, right? That much money? Yep. ‸ The AT&T bot.

[00:01:37] Speaker 1 + overlapping voice · overlapping voices

I said, now that was... And it was the last bingo. ‸ The last bingo. They're answering

[00:01:42] Speaker 2 + overlapping voice · overlapping voices

bot.

[00:01:44] Speaker 2 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:01]

Flag: the recognizer flagged its own output · 00:01:44–00:01:45 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:01:45] Attribution uncertain · Unclear audio

[unclear audio]

[00:01:45] Speaker 2 + overlapping voice · overlapping voices

I said, what a way to end this

[00:01:46] Speaker 1 + overlapping voice · overlapping voices

wonderful family cruise.

[00:01:48] Speaker 2 + overlapping voice · overlapping voices

It was telling me I was giving it an invalid input, because I had just spoken to somebody. And I hung up, and I'd forgotten to call. I'm like, yes. ‸ Call back. And the bot is telling me that there's no one available to talk. Yes. This is yesterday. You're going out there tomorrow. Did you

[00:02:02] Speaker 1 + overlapping voice · overlapping voices

get your

[00:02:02] Speaker 2 + overlapping voice · overlapping voices

‸ pass

[00:02:04] Speaker 1 + overlapping voice · overlapping voices

for the ‸ multimodal? They put

[00:02:07] Speaker 1 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:03]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:02:07–00:02:14 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:02:11] Speaker 2 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:03]

[00:02:15] Speaker 2 + overlapping voice · overlapping voices

I just got mine tonight. She

[00:02:17] Speaker 1

just put it in my

[00:02:17] Speaker 1 · Machine re-recognized

house

Flag: words were replaced by a machine repair · 00:02:17–00:02:18 · machine repair: words replaced where two further machine readings agreed (not checked by a person)

[00:02:18] Speaker 1

tonight.

[00:02:18] Speaker 1 · Unclear audio

[unclear audio — 0:02]

Flag: numbers, amounts, negation or names differ between the machine readings; the recognizer flagged its own output; a language review questioned the wording · 00:02:18–00:02:23 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:02:21] No voice detected · Unclear audio

[unclear audio — 0:01]

[00:02:22] Speaker 1 + overlapping voice · Unclear audio

[unclear audio — 0:01]

[00:02:24] Speaker 1 + overlapping voice · overlapping voices

Yes.

[00:02:26] Speaker 3 + overlapping voice · overlapping voices

Yes. Give

[00:02:27] Speaker 1 + overlapping voice · overlapping voices

me a

[00:02:27] Speaker 2 + overlapping voice · overlapping voices

human being.

[00:02:28] Speaker 1 + overlapping voice · overlapping voices

A real person.

[00:02:29] Speaker 3 + overlapping voice · overlapping voices

And then it can say the same thing.

[00:02:32] No voice detected · Unclear audio

[unclear audio — 0:01]

Flag: a language review questioned the wording · 00:02:32–00:02:35 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:02:33] Speaker 1 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:02]

[00:02:36] Speaker 2 + overlapping voice · overlapping voices

Now, with AT&T, if you get a real person, it's

[00:02:41] Speaker 3

great.

[00:02:42] Speaker 2 + overlapping voice · overlapping voices

It's just getting to a

[00:02:43] Speaker 3 + overlapping voice · overlapping voices

person.

[00:02:44] Speaker 2 + overlapping voice · overlapping voices

Exactly. And I tell them, too. The representative I talk to, every time I tell them. I know there's nothing you personally can do about it, but I'm going to tell you, ‸ since we are theoretically being recorded.

[00:02:57] Speaker 4 · Unclear audio

[unclear audio — 0:01]

Flag: numbers, amounts, negation or names differ between the machine readings; the recognizer flagged its own output · 00:02:57–00:03:06 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:02:58] Attribution uncertain · Unclear audio

[unclear audio]

[00:02:58] Speaker 4 · Unclear audio

[unclear audio — 0:01]

[00:02:59] Speaker 2 · Unclear audio

[unclear audio — 0:02]

[00:03:02] No voice detected · Unclear audio

[unclear audio]

[00:03:03] Speaker 4 · Unclear audio

[unclear audio — 0:01]

[00:03:04] Attribution uncertain · Unclear audio

[unclear audio]

[00:03:04] Speaker 1 · Unclear audio

[unclear audio — 0:02]

[00:03:05] Attribution uncertain · Unclear audio

[unclear audio]

[00:03:05] Speaker 1 · Unclear audio

[unclear audio]

[00:03:08] No voice detected

We're going

[00:03:08] Speaker 4

to begin the meeting. ‸ The mayor is running a little bit late, but we'll get started. We have

[00:03:15] Speaker 4 · Unclear audio

[unclear audio — 0:08]

Flag: the recognizer flagged its own output; numbers, amounts, negation or names differ between the machine readings · 00:03:15–00:03:52 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:03:32] Speaker 5 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:20]

[00:03:53] Speaker 4 + overlapping voice · overlapping voices

of the United States of America and to the republic for which it stands, one nation, under God, indivisible, with liberty

[00:04:02] Speaker 1

and justice

[00:04:02] Speaker 4

for all. roll call

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[00:04:14] Speaker 6 + overlapping voice

Vice Chairperson Goins. Here. Agency

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[00:04:25] Speaker 6

Agency attorney Garganese.

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[00:04:37] Speaker 4

okay um i entertain a motion to uh approve the regular meeting of october 5th 2026.

[00:04:45] Speaker 7

move to approve

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[00:04:53] Speaker 4

number two. Item two. uh The minutes. looking for a motion to approve for the special meeting of september 8th 2026.

[00:05:02] Speaker 3

move to approve

[00:05:04] No voice detected

Second.

[00:05:05] Speaker 4

All right. All in favor to signify say aye.

[00:05:07] Speaker 3

Aye.

[00:05:07] Speaker 4

anyone

[00:05:09] Speaker 4 · Unclear audio

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[00:05:15] Speaker 4 · Unclear audio

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[00:05:19] Speaker 4

Request agency approval to fund the proposed analysis for the repair replacement of

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[00:05:29] Speaker 4

in the

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[00:05:33] Speaker 4

for the proposed activity.

[00:05:38] Speaker 8

[00:05:39] Attribution uncertain

thank

[00:05:39] Speaker 8

you, Mr. Vice Chair. uh This agenda item is for the uh the bandshell at Riverfront Park. uh The bandshell structure was built uh approximately 27 years ago. And it is uh having some structural challenges that we need to run some tests and do a design to to fix some of the challenges that we have with some of the rusting and the components around the band shell So

[00:06:05] Speaker 8 · Unclear audio

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[00:06:11] Speaker 8

to make it more structurally sound, make it safer, and and replace any components that need to be replaced for the project and this is strictly for design only um if there is a construction cost that will come later uh that will after the design has been done we'll we'll share the report with the agency after they have completed their design analysis. so we're requesting uh ‸ approval for

[00:06:41] Speaker 8 · Unclear audio

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[00:06:42] Speaker 8

to be spent on the design for the band shell.

[00:06:44] Speaker 4

uh Anyone from the agency? okay

[00:06:47] Speaker 3

uh I just need some clarification. The band shell,

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[00:06:53] Attribution uncertain · Unclear audio

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[00:06:53] Speaker 3 · Unclear audio

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[00:06:58] Speaker 3

general budget and now it's budget. It's been sent over to us. I'm just asking why we are paying for that. um And if the general fund since it

[00:07:12] Speaker 3 · Unclear audio

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[00:07:18] Speaker 3

they have a budget for it from the revenues that they generate. um Would we not either split the cost with them or do they not have a line item for repairs or. For items that outlive their usefulness. That's my question on why we're seeing it in our budget. It's not a new item for redevelopment necessarily more maintenance. Is it not? It

[00:07:47] Speaker 8

is just to do the design. The construction probably will be at the cost of the city. um I but I don't know. I was asked to bring it to the agency for approval to purchase. And and it would be the agency's decision to fund or not fund it. And if not, then the city would have to fund it themselves.

[00:08:06] Speaker 3 + overlapping voice

well that's

[00:08:09] Speaker 3 + overlapping voice · overlapping voices · Unclear audio

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[00:08:13] Speaker 7 · Unclear audio

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[00:08:17] Speaker 7

and i I would imagine that that area generates quite a bit of funds given the kind of events that we have there. Does it?

[00:08:26] Speaker 8 + overlapping voice · overlapping voices

I can't speak on that. i I don't run the leisure services, so I couldn't tell you what the revenue is for the riverfront park events.

[00:08:35] Speaker 7 + overlapping voice · overlapping voices

Okay, so those revenues would go into the general fund.

[00:08:37] Speaker 8

Yes, ma'am.

[00:08:45] Speaker 7

‸ Okay. And do we when do we consider something? How do we make the distinction? Is it for the general fund or the CRA? Don't we have to have it in the CRA plan?

[00:09:00] Speaker 8

[00:09:01] Speaker 8 · Unclear audio

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[00:09:03] Speaker 8

CRA plan and the CRA contributes to uh the general public works staff maintenance of the park. And with the during the construction period for that park, I know that the the city contributed to the CRA for the the construction of Riverfront Park in 1999. So so there was a large contribution based on from the city and the CRA for Riverfront Park and the Bandshell um

[00:09:33] Speaker 8 · Unclear audio

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[00:09:38] Speaker 3 · Unclear audio

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[00:09:38] Speaker 7

I have another question. Good. Good.

[00:09:42] Speaker 4

Okay. Maybe some

[00:09:43] Speaker 4 · Unclear audio

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[00:09:43] Speaker 3 + overlapping voice · overlapping voices

oh so if we approve this, does this mean that we will be paying for the final construction or have any? Because I thought that ‸ anything that was new in the park would fit underneath uh our purview because it's a new item being added to the park. Not something that's already been in existence. Or do we have any influence on the design? I mean, if if it's if it's I thought it said it would either be repairs or replace. So I'm trying to suss out are we if we have to replace it. Is that considered a new item? It just doesn't seem like it. It should be actually for repairs. I would think they would have made it generated enough funds to do that. Or there's some kind of share, you know, cost sharing here. But I think it's should come out of their funds at this point. Since it's not a new item unless we are going to reconstruct the whole band shell. Because it is probably quite dated, but I don't know if we can increase

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[00:11:04] Speaker 8

That I do not have answers because

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[00:11:08] Speaker 8

And

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[00:11:23] Speaker 8

that I would have to bring back before the

[00:11:26] No voice detected

agency.

[00:11:26] Speaker 4

Well, thank

[00:11:29] Speaker 1 + overlapping voice · overlapping voices

you.

[00:11:30] Speaker 4 + overlapping voice · overlapping voices

[00:11:30] Speaker 4 + overlapping voice · Machine re-recognized

guess

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[00:11:30] Speaker 4 + overlapping voice

Anyone

[00:11:31] Speaker 4 + overlapping voice · Unclear audio

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[00:11:37] Speaker 1 + overlapping voice · overlapping voices

Yeah. um ‸ So, you asked the question, this is in the CRA plan or it's not in the CRA plan?

[00:11:45] Speaker 8

Riverfront Park is in the CRA ‸ But

[00:11:47] Speaker 1 + overlapping voice

not the band shell

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[00:11:50] Speaker 8 · Unclear audio

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[00:11:51] Speaker 8

no.

[00:11:52] Speaker 1

but

[00:11:53] Speaker 8 + overlapping voice · overlapping voices

the park come But all the components of the park are in the CRA right plan. Yeah. So if this was

[00:12:00] Speaker 1 + overlapping voice · overlapping voices

not in the budget for, I guess, for next year, or this would be out of this budget. Would this be out of this budget? ‸ This would be out

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[00:12:14] Speaker 1

is not in the budget uh for the CRA, where where what are we moving that from? I mean, I know it says contingency fund, but what is our contingency fund for the cra um

[00:12:25] Speaker 8 + overlapping voice · overlapping voices

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[00:12:40] Speaker 4

had before we go

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[00:12:45] Speaker 4

know one of the biggest issues that I've seen when it rains really bad inside the band shell area, the infield, um i it it causes a major issue, especially those big concerts where they have to bring in forklifts and other things to bring in the stanchions and the lights and all these different things. And so I will also um ask the the uh agency members to also to consider in this analysis uh doing turf inside the infield. um I know there's several drains that we have already existing inside the infield already. And and possibly that that could be another draw for promoters or whoever else having these big events. When it rains, it would not, you know, slow down that concert or whatever the case may be. um And it's just only the, only I'm only speaking on the footprint inside of the bowl, uh not outside, but just inside. So

[00:13:40] Speaker 8 + overlapping voice · overlapping voices

this is only for the actual structural components and not for the the lawn area. So we

[00:13:45] Speaker 4 + overlapping voice · overlapping voices

could not add that as part of the analysis at

[00:13:47] Speaker 4 + overlapping voice · overlapping voices · Unclear audio

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[00:13:47] Speaker 4 + overlapping voice · overlapping voices

this. Not for this.

[00:13:48] Speaker 8 + overlapping voice · overlapping voices

‸ proposal for this okay to do the structural side. That's a totally different company that would have to do some similar analysis to that.

[00:13:55] Speaker 4

All right. All right.

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[00:13:58] Speaker 9 + overlapping voice · Unclear audio

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[00:14:00] Speaker 9 + overlapping voice

already covered this, but I just want to ask uh

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[00:14:08] Speaker 9 + overlapping voice · overlapping voices

shell Is there something visible that visible cracks and

[00:14:11] Speaker 8

Rust. Gotcha. All right.

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[00:14:17] Speaker 4 + overlapping voice · Unclear audio

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[00:14:20] Speaker 4 + overlapping voice · overlapping voices

I think this is. Okay. We'll go back

[00:14:22] Speaker 4 + overlapping voice · Machine re-recognized

to her

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[00:14:22] Speaker 4 + overlapping voice

after you're done. Okay.

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[00:14:29] Speaker 3 + overlapping voice

It's because we don't have a budget that is a line item budget. We just have a pile of money sitting over here, which I think needs to be corrected and get into line with other municipalities who do have line item budgets. So, in my mind, I don't think we have enough information.

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[00:14:55] Speaker 3 + overlapping voice · overlapping voices

I understand that we do repairs. I mean, we do um maintenance for the for the lawns, but, I mean, where does it, you know, stop? I mean, sidewalks. I mean, do we do the sidewalks too because it's inside the the CRA? I mean, I just think if they're generating money, I'd like to know what their budget is that would have covered the cost of replacement. Because, um you know, there's no even an offer of, you know, shared cost or anything. So, I'm more, well, I'm not really quite in favor of this unless I have more information. When

[00:15:34] Speaker 4

you say their budget, you mean in leisure services ‸ are you saying?

[00:15:37] Speaker 3 + overlapping voice · overlapping voices

All right. Yes. ‸ That goes into the general fund.

[00:15:40] Speaker 2

It's generated. Generated. Leisure services.

[00:15:44] Speaker 3 + overlapping voice · overlapping voices

That goes into the general fund. Yes,

[00:15:47] Speaker 4 + overlapping voice · overlapping voices

thank

[00:15:47] Speaker 7

you.

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[00:15:48] Speaker 4

minimum cost

[00:15:48] Speaker 7 + overlapping voice

Yeah. uh Well, and I would just support that, that the revenues are going into the general fund. So, I'd like to know. I would think that there would be some scheduled

[00:16:00] Speaker 7 + overlapping voice · overlapping voices · Unclear audio

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[00:16:04] Speaker 7 + overlapping voice

at reserves that way. um But

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[00:16:09] Speaker 7 + overlapping voice

years ago we had that flooding back there.

[00:16:11] Speaker 7 + overlapping voice · Machine re-recognized

will

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[00:16:11] Speaker 7 + overlapping voice · overlapping voices

actually ‸ was back more like six years ago, which is probably what you're thinking about. There is a drainage system under that whole center. that And what happened in that case was it was clogged because it has to be, it also has to be maintained. And um they had to drain it out. They, I'm not sure exactly what they do. If that's

[00:16:35] Attribution uncertain

[00:16:35] Speaker 7 + overlapping voice · overlapping voices

suction thing or what. right.

[00:16:37] Speaker 3 + overlapping voice · overlapping voices

Right. But

[00:16:37] Speaker 7

that is a matter of routine maintenance in order to keep that providing its function of collecting storm water and draining quickly.

[00:16:48] Speaker 10

okay

[00:16:49] Speaker 10 · Unclear audio

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[00:16:52] Speaker 10

deal with, sir? Okay, sir. Thank you, sir.

[00:16:57] Speaker 4

Anyone else

[00:16:58] Speaker 4 · Machine re-recognized

have

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[00:16:59] Speaker 4

any other questions or concerns with ‸ item?

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[00:17:08] Speaker 4

where the money coming from, why is it coming from ‸ general fund, and back and forth on that. So that's that's really

[00:17:15] Speaker 4 · Machine re-recognized

what's

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[00:17:15] Speaker 4

been the consensus of the conversation so far.

[00:17:17] Speaker 10

Okay.

[00:17:18] Speaker 9

And what what has been

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[00:17:23] Speaker 10 + overlapping voice

that's why we have the CRA. Would that be the targeted area,

[00:17:26] Speaker 10 + overlapping voice · Unclear audio

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[00:17:31] Speaker 11 + overlapping voice · overlapping voices

well I think the the issue at hand is, and I think I was looking for my notes there, because I think we did have the replacement in the general fund budget there. And so so I think it is a shared cost there. um

[00:17:46] Attribution uncertain

[00:17:46] Speaker 11

You know, if if the if the park is in the CRA plan and the the uh ban shill is an amenity attached to the park, then that's the rationale for for approving the funding there. But I think that I know we've had discussions about the general fund uh bearing the cost of the replacement. It's

[00:18:08] Speaker 11 · Unclear audio

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[00:18:14] Speaker 11

uh visible rust. um And so you need to do the analysis to see if that surface or goes beyond surface there. The roof leaks there. And so this is a part of that analysis there. But I think, um and I'll stand corrected. I'll double check my notes. But

[00:18:31] Speaker 11 · Unclear audio

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[00:18:35] Speaker 10

Thank you, uh Vice Chairperson uh

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[00:18:39] Speaker 10

With that being said, what is the, what are the wishes of council? uh Excuse me,

[00:18:44] Speaker 10 · Unclear audio

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[00:18:48] Speaker 4

I don't have the wording

[00:18:49] No voice detected

right.

[00:18:49] Speaker 10 + overlapping voice · overlapping voices

That's fine. Staff recommendation of that. yeah

[00:18:51] Speaker 4 + overlapping voice · overlapping voices

Staff recommendation. um I

[00:18:54] Speaker 5

believe, what if

[00:18:55] Attribution uncertain

[00:18:55] Speaker 5

get a second? Second. I

[00:18:56] Speaker 4

believe this is a major asset for the CRA. um I think we we have the funds inside of contingency funds, as we already heard. um I think this is a a win-win for for everyone that we, you know, we're it's a blessing to have the contingency funds there to use it for this particular item.

[00:19:14] Speaker 4 · Unclear audio

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[00:19:17] Speaker 4

sure. But I'm pretty sure that cost is extensive to do so. uh And

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[00:19:24] Speaker 4

that come with it. But, but I think this is a great

[00:19:26] Speaker 4 · Unclear audio

[unclear audio — 0:02]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:19:26–00:19:29 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:19:29] Speaker 4

motion.

[00:19:29] Speaker 10

And I stand with you and second that. uh your light is on or off now, sir, because I got an agency member ‸ calls. ‸ now I'm gonna ‸ call the question.

[00:19:37] Speaker 7

Yeah, the, um well, my opposition is not knowing the revenues that are actually generated by that particular asset. um it seems like it's great. We have a contingency, a big contingency, but should everything be coming out of that contingency when in fact revenues that are generated by those assets go back into the general fund? That would be the issue.

[00:20:02] Speaker 1

that's

[00:20:08] Speaker 4 + overlapping voice

a good one. so Okay, that's a good question.

[00:20:10] Speaker 4 + overlapping voice · Unclear audio

[unclear audio — 0:02]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:20:10–00:20:12 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:20:12] Speaker 4 + overlapping voice

have. So all of the funds that we, and this could be just for general public as well,

[00:20:19] Speaker 4 + overlapping voice · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 00:20:19–00:20:22 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:20:22] Speaker 4 + overlapping voice

which is,

[00:20:23] Speaker 4 + overlapping voice · Machine re-recognized

well,

Flag: words were replaced by a machine repair · 00:20:23–00:20:23 · machine repair: words replaced where two further machine readings agreed (not checked by a person)

[00:20:23] Speaker 4 + overlapping voice

not downtown, but uh ‸ civic center, um concerts, whatever. um That money goes directly to the general fund, correct? Or is it yeah

[00:20:36] Speaker 4 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:01]

Flag: a language review questioned the wording · 00:20:36–00:20:38 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:20:37] Speaker 11 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:01]

[00:20:38] Speaker 11 + overlapping voice

Remember, we're we're doing special events permits there, and so we're not taking a cut of the of the revenue. that We're allowing uh special events there. That goes into the general fund to support um police, fire, goes into the general fund to support the public works staff, which is

[00:20:59] Speaker 11 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:20:59–00:21:03 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:21:03] Speaker 11 + overlapping voice

But again, you know you know I don't think there are significant revenues generated through the special events. You know,

[00:21:10] Speaker 11 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 00:21:10–00:21:14 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:21:14] Speaker 11 + overlapping voice

it's part of a concert there. We can tell you what what we've made there, but

[00:21:18] Speaker 11 + overlapping voice · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:21:18–00:21:18 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:21:18] Speaker 11 + overlapping voice

it's going to be, I think, underwhelming for you guys.

[00:21:24] Speaker 10 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:02]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:21:24–00:21:26 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:21:26] Speaker 10 + overlapping voice

Yes, sir.

[00:21:27] Speaker 10 + overlapping voice · Unclear audio

[unclear audio — 0:02]

Flag: a language review questioned the wording · 00:21:27–00:21:29 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:21:29] Speaker 10 + overlapping voice

agency member

[00:21:30] Speaker 10 + overlapping voice · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:21:30–00:21:31 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:21:31] Speaker 10 + overlapping voice

Okay. All right. We'll go with agency member

[00:21:34] Speaker 10 + overlapping voice · Unclear audio

[unclear audio — 0:01]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:21:34–00:21:34 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:21:34] Speaker 10 + overlapping voice

and

[00:21:35] Speaker 10 + overlapping voice · Unclear audio

[unclear audio — 0:02]

Flag: a language review questioned the wording · 00:21:35–00:21:37 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:21:37] Speaker 10 + overlapping voice

and then we'll call the question.

[00:21:41] No voice detected · Unclear audio

[unclear audio — 0:01]

Flag: a language review questioned the wording · 00:21:41–00:21:46 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:21:42] Speaker 2 · Unclear audio

[unclear audio — 0:04]

[00:21:46] Speaker 2

agenda at first because this is the first I've heard anything about anything needing to be done to the band shell. um I'm not necessarily opposed to us participating, us as an agency, participating in whatever the band shell needs to ‸ be fixed because, you know, we need it to be fixed. But I would not be in favor of the entire project, the like the construction or reconstruction or fixing or whatever, for that to come out. That's a big chunk that we haven't even thought about in our long-term thinking about projects that we're going to do. So while I would be in favor, I've i've been around a long time, and I remember when the special events ordinance was first written and how much money comes in from that kind of thing. And it really is not a lot, all things considered.

[00:22:44] Speaker 2 · Unclear audio

[unclear audio — 0:08]

Flag: a language review questioned the wording · 00:22:44–00:22:52 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:22:52] Speaker 2

would draw the line there. I i think it would be the city's responsibility to to do the actual construction on it yeah that's it. Thank you.

[00:23:01] Speaker 12

That's fair.

[00:23:02] Speaker 8 + overlapping voice · overlapping voices

The city manager did note that he it was uh potentially set up to be covered by the city okay in a

[00:23:12] Speaker 8 + overlapping voice · Unclear audio

[unclear audio — 0:01]

Flag: a language review questioned the wording · 00:23:12–00:23:15 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:23:13] Speaker 4 · Unclear audio

[unclear audio — 0:01]

[00:23:13] Speaker 10 · Unclear audio

[unclear audio — 0:02]

[00:23:15] Speaker 10

right Agency

[00:23:17] Speaker 1

member Weeks.

[00:23:18] Speaker 1 · Unclear audio

[unclear audio — 0:08]

Flag: a language review questioned the wording · 00:23:18–00:23:26 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:23:26] Speaker 1

operation at this point. And um hearing that um we do have the money in the contingency fund for this, uh you know, I i would be in

[00:23:38] Speaker 1 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:23:38–00:23:43 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:23:43] Speaker 1

agree that the city would take care of the repairs. But um it's not hearing what, you know, what everybody had to say. It's not out of line to, I don't believe, to for the CRA to cover the cost of finding out what's wrong. So I will vote in favor of it.

[00:24:07] No voice detected

Okay.

[00:24:07] Speaker 10 · Unclear audio

[unclear audio — 0:01]

Flag: the machine readings disagree here · 00:24:07–00:24:08 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:24:08] Speaker 10

do you have the motion?

[00:24:09] Speaker 6

Yes, sir.

[00:24:10] Speaker 10

Reiterate the motion for me, please.

[00:24:15] Speaker 6 · Unclear audio

[unclear audio — 0:06]

Flag: a language review questioned the wording; numbers, amounts, negation or names differ between the machine readings · 00:24:15–00:24:21 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:24:21] Speaker 6

proposed analysis for the repair replacement of the band shell and Riverfront Park, as well as a budget transfer in ‸ amount of

[00:24:26] Speaker 6 · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 00:24:26–00:24:30 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:24:30] Speaker 6

for the proposed activity. Thank

[00:24:33] Speaker 10 + overlapping voice · overlapping voices

you, sir. Thank you. for Yeah, all of

[00:24:36] Speaker 9

that. okay.

[00:24:37] Speaker 10 + overlapping voice · overlapping voices

‸ That's why you just summarize it with ‸ staff recommendation. All right. just gonna ‸ call the question. All in favor ‸ saying aye aye. Aye. Any nays? Ayes have it unanimously. Job well done. Move forward. Proceeding forward to our next item. And that is uh 5-2. Staff is requesting that the CRA board review

[00:25:06] Speaker 10 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:25:06–00:25:10 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:25:10] Speaker 10 + overlapping voice · Unclear audio

[unclear audio — 0:01]

Flag: the machine readings disagree here · 00:25:10–00:25:11 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:25:11] Speaker 10 + overlapping voice · Machine re-recognized

the Framework Group

Flag: the recognized words and the detected speech do not line up · 00:25:11–00:25:13 · gap filled by a machine re-reading (not checked by a person)

[00:25:13] Speaker 10 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: the machine readings disagree here · 00:25:13–00:25:16 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:25:17] Speaker 10 + overlapping voice · Machine re-recognized

provide any final direction before proceeding with completing the draft TIF incentive agreement.

Flag: the recognized words and the detected speech do not line up · 00:25:16–00:25:28 · gap filled by a machine re-reading (not checked by a person)

[00:25:28] Speaker 10 + overlapping voice

um As you

[00:25:30] Speaker 10 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:25:30–00:25:35 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:25:35] Speaker 10 + overlapping voice

investing in the future of the downtown

[00:25:38] Speaker 10 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:25:38–00:25:43 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:25:43] Speaker 10 + overlapping voice

reason why I am in support of this. I will stand with this. um This is uh our time of sunset is in

[00:25:54] Speaker 10 + overlapping voice · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 00:25:54–00:25:58 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:25:58] Speaker 10 + overlapping voice

Yes, sir. So we're talking about if they get started, I don't know, 10, excuse me, I don't know why I

[00:26:04] Attribution uncertain

keep

[00:26:04] Speaker 10

wanting to say 10, but 20, 30, whatever the case may be, once it's completed ‸ erection, we're only

[00:26:11] Speaker 10 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:26:11–00:26:15 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:26:15] Speaker 10

say it that way. Some will say 10, some will say 11. But I think it's a worthwhile investment. uh Think at it this way, ladies and gentlemen. It's less than an eyesore. And I have a question that I am going to ask. But the most important thing to us is to continue to know that the amount of economic um revenue that this project will generate. I know some have heartburn about this project. I already know who you are. And you know who I am. But I believe in this project. And I think it's well worth the investment because the dividends will be

[00:26:56] Speaker 10 · Unclear audio

[unclear audio — 0:06]

Flag: a language review questioned the wording · 00:26:56–00:27:02 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:27:02] Speaker 10

So that is the reason why I'm saying longevity, ladies and gentlemen. That's the attitude that I would like for you to look at how it will

[00:27:12] Speaker 10 · Unclear audio

[unclear audio — 0:07]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:27:12–00:27:19 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:27:19] Speaker 10 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:27:19–00:27:23 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:27:23] Speaker 10 · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:27:23–00:27:28 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:27:28] Speaker 8 · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 00:27:28–00:27:31 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:27:31] Speaker 8

the agency approved the draft or the preliminary application from

[00:27:37] Speaker 8 · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording · 00:27:37–00:27:42 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:27:42] Speaker 8

The framework group has delivered their final application to us for review. And I'll just go over a brief uh description of what the project is. The proposed project includes construction of a 242 unit rental apartment building featuring rental apartments, an array of amenities, and outdoor spaces, and 2800 square feet of ground level retail and commercial space. So the purposes of a tax increment financing is to stimulate the development that would not necessarily otherwise occur in the reasonable foreseeable future. It creates jobs. It retains and enhance the existing tax base. It encourages development in other underutilized areas within the city. And it coordinates new developments with existing community ‸ plans. So part of the process, it's a three-step process. We had a pre-application meeting with the Framework Group to get started with this process. They submitted their preliminary application and their final application before any

[00:28:49] Speaker 8 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:28:49–00:28:53 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:28:53] Speaker 8

be approved by the CRA. So the developer completed those applications and submitted the final application. And it included the proof of ownership of the property, the proposed plan plan, including ‸ the building elevations and floor plan, a description of the proposed uses, the amenities and public improvements, the economic impact study, management commitment for leasing the property, related market lease rates, 10-year

[00:29:18] Speaker 8 · Unclear audio

[unclear audio — 0:07]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:29:18–00:29:25 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:29:25] Speaker 8

loan commitments, total project cost analysis. and the staff has reviewed that is presenting this to you tonight we went over all of the documents so the financial overview the estimated tax increment revenue generated by the project is approximately seven million over the life of the

[00:29:47] Speaker 8 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:29:47–00:29:51 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:29:51] Speaker 8

funds as reimbursement

[00:29:52] Speaker 8 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:29:52–00:29:57 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:29:57] Speaker 8

on an annual basis The per the total cost of the public to private private investment, so the private investment by

[00:30:06] Speaker 8 · Unclear audio

[unclear audio — 0:02]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:30:06–00:30:08 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:30:08] Speaker 8

the estimated

[00:30:09] Speaker 8 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:30:09–00:30:14 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:30:14] Speaker 8

ratio is 15 to 1. The CRA requires a 7 to 1 ratio, so they've exceeded that ratio considerably. So we're going to go kind of go over

[00:30:27] Speaker 8 · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 00:30:27–00:30:30 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:30:30] Speaker 8

for this, currently the tax that receipt that the city receives, at this CRA receives from this current property

[00:30:39] Speaker 8 · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:30:39–00:30:44 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:30:44] Speaker 8

come to its completion and and be opened within the next several years, so

[00:30:52] Attribution uncertain

the

[00:30:52] Speaker 8 + overlapping voice

tax

[00:30:52] Speaker 8 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:30:52–00:30:57 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:30:57] Speaker 8 + overlapping voice

[00:30:58] Speaker 8 + overlapping voice · Unclear audio

[unclear audio — 0:06]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:30:58–00:31:04 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:31:04] Speaker 8 + overlapping voice

receive out of that if

[00:31:05] Speaker 8 + overlapping voice · Unclear audio

[unclear audio — 0:03]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:31:05–00:31:09 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:31:09] Speaker 8 + overlapping voice · Unclear audio

[unclear audio — 0:14]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:31:09–00:31:22 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:31:22] Speaker 8 + overlapping voice

value

[00:31:23] Speaker 8 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:31:23–00:31:28 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:31:28] Speaker 8 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:31:28–00:31:33 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:31:33] Speaker 8 + overlapping voice · overlapping voices

stand to make more even with the tax increment uh revenue going back to the developer. Would

[00:31:41] Speaker 10

you recite that once again, ma'am? Please, I want to make sure ‸ understood

[00:31:47] Speaker 8 · Unclear audio

[unclear audio — 0:01]

Flag: the recognizer flagged its own output · 00:31:47–00:31:52 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:31:49] Attribution uncertain · Unclear audio

[unclear audio]

[00:31:49] Speaker 8 · Unclear audio

[unclear audio]

[00:31:49] Attribution uncertain · Unclear audio

[unclear audio]

[00:31:49] Speaker 8 · Unclear audio

[unclear audio — 0:04]

[00:31:52] Speaker 8 · Unclear audio

[unclear audio — 0:22]

Flag: numbers, amounts, negation or names differ between the machine readings; the recognizer flagged its own output · 00:31:52–00:32:15 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:32:15] Speaker 8 · Machine re-recognized

Flag: words were replaced by a machine repair · 00:32:15–00:32:15 · machine repair: words replaced where two further machine readings agreed (not checked by a person)

[00:32:16] No voice detected

tax

[00:32:19] Attribution uncertain

increment value

[00:32:19] Speaker 8 · Unclear audio

[unclear audio — 0:07]

Flag: a language review questioned the wording · 00:32:19–00:32:26 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:32:26] Speaker 8

of those renditions and you saw those during the June meeting. oh As we talked about earlier, just a few moments ago, the development cost,

[00:32:36] Speaker 8 · Unclear audio

[unclear audio — 0:09]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:32:36–00:32:45 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:32:45] Speaker 8

[00:32:45] Speaker 8 · Unclear audio

[unclear audio — 0:03]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:32:45–00:32:48 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:32:48] Speaker 8

uh uh cost for the to

[00:32:51] Speaker 8 · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:32:51–00:32:55 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:32:55] Speaker 8 · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:32:55–00:33:00 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:33:00] Speaker 8

if the CRA moves forward with this tax increment financing uh reimbursement, would be approximately

[00:33:06] Speaker 8 · Unclear audio

[unclear audio — 0:01]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:33:06–00:33:07 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:33:07] Speaker 8

million

[00:33:08] Speaker 8 · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:33:08–00:33:08 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:33:08] Speaker 8

with that ratio of

[00:33:10] Speaker 8 · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:33:10–00:33:10 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:33:10] Speaker 8

[00:33:10] Speaker 8 · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:33:10–00:33:11 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:33:13] Speaker 8

So we have gone through all the documents. They have submitted everything um as requested and

[00:33:19] Speaker 8 · Unclear audio

[unclear audio — 0:14]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:33:19–00:33:33 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:33:33] Speaker 8

CRA staff as neat as deemed necessary. Staff is requesting that the board review the final application, provide any final direction before proceeding with the

[00:33:41] Speaker 8 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:33:41–00:33:45 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:33:45] Speaker 8

group. The draft incentive agreement will be presented to the CRA board at a subsequent CRA board meeting for the development of the mixed use project located at 430

[00:33:55] Speaker 8 · Unclear audio

[unclear audio — 0:01]

Flag: the machine readings disagree here; numbers, amounts, negation or names differ between the machine readings · 00:33:55–00:33:56 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:33:56] Speaker 8

Village based on the final application in any direction provided by the CRA board. uh Here is a development timeline. Upon if we continue to move forward with this

[00:34:10] Speaker 8 · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:34:10–00:34:10 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:34:10] Speaker 8

agreement, within 30 days of the CRA execution of the

[00:34:14] Speaker 8 · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:34:14–00:34:14 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:34:14] Speaker 8

agreement, uh we anticipate the development agreement will be executed with the city. uh Moving forward, they would have up to 24 months for site plan review and approval and construction design and permitting with vertical construction beginning in within

[00:34:30] Speaker 8 · Unclear audio

[unclear audio — 0:02]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:34:30–00:35:01 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:34:32] Attribution uncertain

the city

[00:34:32] Speaker 8 · Unclear audio

[unclear audio — 0:03]

[00:34:36] Attribution uncertain · Unclear audio

[unclear audio]

[00:34:36] Speaker 8 · Unclear audio

[unclear audio — 0:04]

[00:34:39] Attribution uncertain · Unclear audio

[unclear audio]

[00:34:39] No voice detected · Unclear audio

[unclear audio]

[00:34:39] Attribution uncertain · Unclear audio

[unclear audio]

[00:34:39] No voice detected · Unclear audio

[unclear audio]

[00:34:39] Speaker 8 · Unclear audio

[unclear audio — 0:01]

[00:34:40] Attribution uncertain · Unclear audio

[unclear audio]

[00:34:40] Speaker 8 · Unclear audio

[unclear audio — 0:15]

[00:34:55] Attribution uncertain · Unclear audio

[unclear audio]

[00:34:55] Speaker 8 · Unclear audio

[unclear audio — 0:06]

[00:35:01] Speaker 8

the developer and they would be happy to answer any questions that you may have for them. Thank you.

[00:35:11] Speaker 10 · Unclear audio

[unclear audio — 0:11]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:35:11–00:35:33 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:35:22] Speaker 3 · Unclear audio

[unclear audio — 0:09]

[00:35:31] Attribution uncertain · Unclear audio

[unclear audio]

[00:35:31] Speaker 3 · Unclear audio

[unclear audio — 0:02]

[00:35:33] Speaker 3

and review the information that was delivered last Friday, mid-morning. And I got there early at 8 20 And during that review, I was told I could not photograph or copy the document because it was stamped confidential, which was the pro forma. And I was instructed to delete the photo and also informed that the other materials that were in the folder were also confidential and could not copy or photograph it.

[00:36:03] Speaker 3 · Unclear audio

[unclear audio — 0:09]

Flag: a language review questioned the wording · 00:36:03–00:36:13 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:36:13] Speaker 3

review by CRA board members.

[00:36:15] Speaker 3 · Unclear audio

[unclear audio — 0:01]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:36:15–00:36:20 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:36:16] Attribution uncertain · Unclear audio

[unclear audio]

[00:36:16] Speaker 3 · Unclear audio

[unclear audio — 0:05]

[00:36:20] Speaker 3

must have meaningful access to the underlining financials, including adequate time to analyze all non-confidential portions and redacted versions suitable for the public for review. Given the limited access, the complexity of the financial materials, and the restrictions imposed, I do not believe the board is adequately prepared to vote today. For these reasons, I move to defer this item until all members have had sufficient opportunity to review and analyze the financials,

[00:36:55] Speaker 3 · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording; numbers, amounts, negation or names differ between the machine readings · 00:36:55–00:37:01 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:37:01] Speaker 3

I am not stating that I have an objection to the project. I'm saying that to actually analyze the

[00:37:10] Speaker 3 · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:37:10–00:37:10 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:37:10] Speaker 3 · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:37:10–00:37:15 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:37:15] Speaker 3

front loaded I would like to be able to have a understanding of all the financials to support that, so that we may also have a counter offer if it is too front loaded where everybody has a stake in it and we have something that's more in balance, because we are constricted for many years to get anything, since ours really comes just before we sunset. So we'll be having more people coming in. So this this was my concern, and I felt like we should try to defer the um proposal until we all have a very good understanding.

[00:37:57] Speaker 7 · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 00:37:57–00:38:01 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:38:01] Speaker 7

[00:38:01] Speaker 3 + overlapping voice

would like to make that a motion to the chair to

[00:38:04] Speaker 3 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:02]

Flag: a language review questioned the wording; numbers, amounts, negation or names differ between the machine readings · 00:38:04–00:38:06 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:38:06] Speaker 7 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:01]

[00:38:06] Speaker 7 + overlapping voice

Thank

[00:38:07] Speaker 3

you. What is your motion, ma'am? To defer the consideration of the proposed tax increment financing until we have them all the supporting

[00:38:18] Speaker 3 · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:38:18–00:38:23 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:38:30] Speaker 3 · Machine re-recognized

underlining

Flag: words were replaced by a machine repair · 00:38:30–00:38:30 · machine repair: words replaced where two further machine readings agreed (not checked by a person)

[00:38:30] Speaker 3

financials so that we can understand what we're giving up and what we're getting back in return and also to be able to counter and have an outside analysis.

[00:38:45] Speaker 10

Okay. um Give me a second, Miss Jessica, please. um We have an

[00:38:51] Speaker 10 · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording; numbers, amounts, negation or names differ between the machine readings · 00:38:51–00:38:56 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:38:56] Speaker 10

and the second by

[00:38:58] Speaker 10 · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:38:58–00:38:58 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:38:58] Speaker 10

member

[00:39:00] No voice detected · Unclear audio

[unclear audio — 0:01]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:39:00–00:39:06 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:39:01] Speaker 10 · Unclear audio

[unclear audio — 0:03]

[00:39:04] Speaker 7 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:02]

[00:39:05] Speaker 10 · Unclear audio

[unclear audio — 0:01]

[00:39:06] Speaker 10

sure you were talking softly over there, ma'am. ‸ just want to confirm it. um ‸ my thing is this.

[00:39:12] Speaker 10 · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 00:39:12–00:39:16 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:39:16] Speaker 10

And I'm sure you have contracts comparable with other municipalities as well. And

[00:39:22] Speaker 10 · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 00:39:22–00:39:26 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:39:26] Speaker 10

you have a blemish on your uh integrity and also your financial integrity. so So, so, so, uh and my thing is uh if other municipalities and we have one right there on 524

[00:39:45] Speaker 10 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:39:45–00:39:49 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:39:49] Speaker 10

we can clearly see the ripple effect that that development and construction took place there

[00:39:56] Speaker 10 · Unclear audio

[unclear audio — 0:06]

Flag: a language review questioned the wording · 00:39:56–00:40:03 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:40:03] Speaker 10

So, clearly beyond a shadow of a doubt, there's a good thing going on around here, ladies and gentlemen. um we're going to discuss this, but I will hear from

[00:40:12] Speaker 10 · Unclear audio

[unclear audio — 0:01]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:40:12–00:40:13 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:40:13] Speaker 10

member X. Just, just let's make notes, ma'am, and then you can address us all as well. agency member X.

[00:40:21] Speaker 2

What I wanted to say doesn't have anything to do with that. Does it matter? Yeah. We've got a motion. uh

[00:40:26] Speaker 10

‸ well, they haven't done their presentation yet. uh thank you.

[00:40:30] Speaker 2

Go ahead, ma'am. um two things. I don't like change. And I'm not looking forward to the upheaval of the construction costs. But that being said, I mean the construction going on. That being said,

[00:40:48] Speaker 2 · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 00:40:48–00:40:50 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:40:50] Speaker 2

with someone that I respect very much about this project and learned some things that I didn't know. And a term was brought up or coined or or put out there that I really kind of grabbed on to and that is, this is for the

[00:41:10] Speaker 2 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:41:10–00:41:15 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:41:15] Speaker 2

in my business, and and things haven't changed a lot. I mean, the park has been in since then,

[00:41:20] Speaker 2 · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:41:20–00:41:21 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:41:21] Speaker 2

‸ but in the last 20 years, not a whole lot has changed. Well, this is, the

[00:41:30] Speaker 2 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:41:30–00:41:34 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:41:34] Speaker 2

not what it was 50 years ago, and it's not what it was 100 years ago when it first formed, and it every, it turns over, it gets better, it gets more interesting, more interesting things come in,

[00:41:46] Speaker 2 · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 00:41:46–00:41:48 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:41:48] Speaker 2

and this is not only a project,

[00:41:51] Speaker 2 · Unclear audio

[unclear audio — 0:07]

Flag: a language review questioned the wording · 00:41:51–00:41:58 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:41:58] Speaker 2

So, I'm really digging on this next generation thing. So, I'm not going to be nearly as snarky as I might have been. But I do have a question, and it's not really for you, it's a financial question, but it's not really for you. I think it's more for, for maybe the city manager, or ‸ I don't know if

[00:42:15] Speaker 2 · Unclear audio

[unclear audio — 0:08]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:42:15–00:42:23 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:42:23] Speaker 2 · Unclear audio

[unclear audio — 0:07]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:42:23–00:42:30 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:42:30] Speaker 2

property, or does that take into consideration

[00:42:34] Speaker 2 · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 00:42:34–00:42:36 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:42:36] Speaker 2

all around it? Because if it doesn't,

[00:42:40] Speaker 2 · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:42:40–00:42:44 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:42:44] Speaker 8 + overlapping voice · overlapping voices

That is just for this

[00:42:46] Speaker 8 + overlapping voice · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:42:46–00:42:50 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:42:46] Speaker 2 · Unclear audio

[unclear audio — 0:04]

[00:42:50] Speaker 2

and I'm not really a big numbers person, but that tells me that we're going to

[00:42:53] Speaker 2 · Unclear audio

[unclear audio — 0:08]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:42:53–00:43:01 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:43:01] Speaker 2

down and you go, oh that's not all that exciting. But, it's going to help other, I mean, it's going to, it really is going to increase the value of the whole village, I, I have no doubt. um And, it's going to bring in some, I think some, what's the word I want? Some energy, some, some younger energy, some, some new energy, some fresh energy. And, ‸ I need to just stop being old and, you know, get with the, get with the new energy. i'm old

[00:43:34] Speaker 2 · Unclear audio

[unclear audio — 0:06]

Flag: numbers, amounts, negation or names differ between the machine readings; words the first reading may have missed · 00:43:34–00:43:39 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:43:39] Speaker 2

yeah um So I, and to just to throw my two cents worth in about the financing, i I think I'm perfectly comfortable with what they've provided already and

[00:43:55] Speaker 2 · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 00:43:55–00:43:58 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:43:58] Speaker 2

[00:43:59] Speaker 2 · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:43:59–00:43:59 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:43:59] Speaker 2

And the other places that they're doing business,

[00:44:01] Speaker 2 · Unclear audio

[unclear audio — 0:02]

Flag: a language review questioned the wording · 00:44:01–00:44:03 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:44:03] Speaker 2

um So they they're not, we, maybe we have, maybe we're a little reticent because of the five years that we spent with somebody that was not, you know, you guys know what I'm saying. They, they have a proven track record already. And so I'm perfectly comfortable with the things that ‸ they have um presented to us. And so that's, that's good. And then the only one other question I had, you guys, because I read the the letter from Main Street and the, all of the stuff, while I was aware that the framework people were kind of involved in the things that are going on in the village and letting us use the parking and all that kind of

[00:44:52] Speaker 2 · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording; numbers, amounts, negation or names differ between the machine readings · 00:44:52–00:44:57 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:44:57] Speaker 2

people who are involved now that, for instance, that Main Street works with, will they still be involved when this project is done? Or is it going to be, or are we going to end up being, um working with, interacting with the person who's like the property manager of the, of the actual building?

[00:45:20] Speaker 10

We're going to answer that one. Should I answer it?

[00:45:23] Speaker 2

‸ Okay. Okay. Cool. Those are my questions. Those are my thoughts thank you

[00:45:27] Speaker 2 · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:45:27–00:45:40 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:45:28] Speaker 10 · Unclear audio

[unclear audio — 0:05]

[00:45:32] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:07]

[00:45:40] Speaker 7 + overlapping voice

said and that everybody here is looking

[00:45:42] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:06]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:45:42–00:45:48 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:45:48] Speaker 7 + overlapping voice · Machine re-recognized

Flag: words were replaced by a machine repair · 00:45:48–00:45:48 · machine repair: words replaced where two further machine readings agreed (not checked by a person)

[00:45:48] Speaker 7 + overlapping voice

this project and we're all really happy with the Cirrus. So uh that's all really good. However, I have not seen,

[00:45:57] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:07]

Flag: a language review questioned the wording · 00:45:57–00:46:04 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:46:04] Speaker 7 + overlapping voice

is, actually demonstrates the financial gaps of this project and why the maximum amount for 10 years is needed. And that is a fundamental tenant of this program that we approved. um

[00:46:23] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:06]

Flag: a language review questioned the wording · 00:46:23–00:46:29 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:46:29] Speaker 7 + overlapping voice · overlapping voices

remember Has anybody seen i was prevented the economics on it? so And why do the economics matter? Well, it's negotiation. I mean,

[00:46:40] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:46:40–00:46:43 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:46:43] Speaker 7 + overlapping voice

program a couple months ago or whenever we

[00:46:46] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:07]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:46:46–00:46:53 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:46:54] Speaker 7 + overlapping voice

And I want to take us back just a minute because there are a couple people here that that maybe weren't when um I think it was Nick. His name Nick first came and uh delightful fellow. um

[00:47:07] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording · 00:47:07–00:47:12 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:47:12] Speaker 7 + overlapping voice

which I think was actually

[00:47:14] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:09]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:47:14–00:47:24 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:47:24] Speaker 7 + overlapping voice

with um what he presented and how he saw the village. And it was just such a gem that the framework group was willing to invest in. And they saw it as a real value added. You know, what we already had going here, the sense of community that we have going here. and um you know, I think that the city i think we've been pretty good partners uh well one that first meeting we had it was about 50 50. Some people wanted the height. Other people's didn't.

[00:47:59] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording · 00:47:59–00:48:04 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:48:04] Speaker 7 + overlapping voice

be really dominate our village. This is going to be a major project, really define our village. And so they were, anyway, that's water under the bridge.

[00:48:16] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:02]

Flag: words the first reading may have missed · 00:48:16–00:48:18 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:48:18] Speaker 7 + overlapping voice

a staff initiative where ‸ we hired the taxpayers, hired a consultant to take forward the staff initiative. We

[00:48:26] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:02]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:48:26–00:48:28 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:48:28] Speaker 7 + overlapping voice

raised the height. Then later, it was decided, and we gave the increased density because it's a mixed use project. And because the whole, at that time, the whole bottom floor is to be a retail. So that in itself provides a lot of um activity and dynacism to the village, right? Well, um you know,

[00:48:54] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:48:54–00:48:59 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:48:59] Speaker 7 + overlapping voice

again, we bent 50 even though we still have the same uh benefits of having 100 retail, we're just having 50 Still, I'm still happy about having the framework group here. I love the kind of architecture you've done and the projects you've done. I think one of the projects that was mentioned was Daytona Beach. Well, and

[00:49:23] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 00:49:23–00:49:27 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:49:27] Speaker 7 + overlapping voice

and you

[00:49:28] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:03]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:49:28–00:49:31 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:49:31] Speaker 7 + overlapping voice

um you know I was looking through this package.

[00:49:34] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 00:49:34–00:49:37 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:49:37] Speaker 7 + overlapping voice

because it involves ‸ affordable housing. Both of the projects that they were doing in Daytona Beach was affordable. Well, one of them was on a property that the city owned, I think. Yeah. ‸ So affordability versus building a high-rise that, and we're not opposed to it, that is going to be, you know, high-end um As is Cirrus high-end um And, you know, it's been a good thing. ‸ certainly a good thing with revenues. um

[00:50:14] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:06]

Flag: a language review questioned the wording · 00:50:14–00:50:21 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:50:21] Speaker 7 + overlapping voice

guidelines. The whole basis of our negotiating is being able to look at, you know, what the profit margins are, what, what, why this project won't happen unless we give it 90 When we go to these, um we're going to a redevelopment conference. And we've been to several, having been here eight years now.

[00:50:42] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording · 00:50:42–00:50:47 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:50:47] Speaker 7 + overlapping voice

to come in here and get everything you can for the project. I totally understand why you're here. I totally understand why you're asking ‸ for the max. Our job is to represent the taxpayers and look at the dollars and think about the dollars that would go into the CRA. Now, the thing about dollars going into the CRA is that our whole job here is to try to re put those dollars back out there to build the quality of life in the village. And ‸ that, in turn, will make your apartments more desirable. So

[00:51:24] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording · 00:51:24–00:51:29 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:51:29] Speaker 7 + overlapping voice

And that's why I would like to see us have the opportunity to look at those figures and uh really take this document, these guidelines

[00:51:40] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:07]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:51:40–00:51:47 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:51:48] Speaker 7 + overlapping voice

[00:51:48] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording · 00:51:48–00:51:53 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:51:53] Speaker 7 + overlapping voice

um Because like I say, we all really are, I mean, I'm kind of disappointed to see it's going to take five years before we would actually get folks in there.

[00:52:04] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording; numbers, amounts, negation or names differ between the machine readings · 00:52:04–00:52:07 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:52:07] Speaker 7 + overlapping voice

Just seems like.

[00:52:11] Speaker 3 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:02]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:52:11–00:52:16 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:52:13] Attribution uncertain · Unclear audio

[unclear audio]

[00:52:13] Speaker 3 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:01]

[00:52:14] Speaker 7 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:01]

[00:52:15] Speaker 3 + overlapping voice · Unclear audio

[unclear audio — 0:01]

[00:52:16] Speaker 3 + overlapping voice · overlapping voices

Well,

[00:52:16] Speaker 7 + overlapping voice · overlapping voices

I had it like i had a couple ‸ general questions, but they're really not under this motion.

[00:52:24] No voice detected

[00:52:25] Speaker 7 + overlapping voice

So can I hold those? No, ma'am. You can go and get it all that now. okay well, I don't know that it's gonna um They're just general questions.

[00:52:36] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:08]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:52:36–00:52:44 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:52:44] Speaker 7 + overlapping voice

year's revenues, and then it stays the same? Or does this

[00:52:48] Speaker 7 + overlapping voice · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:52:48–00:52:49 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:52:49] Speaker 7 + overlapping voice

change every year? So who answers those questions? may miss a Charlene questioner.

[00:52:55] Speaker 7 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:01]

Flag: a language review questioned the wording · 00:52:55–00:53:00 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:52:56] Speaker 11 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:04]

[00:53:00] Speaker 11 + overlapping voice · Unclear audio

[unclear audio — 0:06]

Flag: a language review questioned the wording · 00:53:00–00:53:06 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:53:06] Speaker 11 + overlapping voice

the to the current year. so so um I don't know when the base year uh is there. But but again, it's a it's a baseline year, and then the incremental value over the baseline year.

[00:53:23] Speaker 7 + overlapping voice · Unclear audio

[unclear audio — 0:06]

Flag: a language review questioned the wording · 00:53:23–00:53:28 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:53:28] Speaker 7 + overlapping voice · overlapping voices

or when would the baseline? Maybe I'm asking a different question.

[00:53:33] Speaker 11 + overlapping voice · overlapping voices

So so so so the the oh

[00:53:38] Speaker 7 + overlapping voice · overlapping voices

oh I know what. okay Well,

[00:53:40] Speaker 11 + overlapping voice · overlapping voices

that property that property pays uh into the CRA. So that property

[00:53:47] Speaker 11 + overlapping voice · Machine re-recognized

revenues

Flag: words were replaced by a machine repair · 00:53:47–00:53:48 · machine repair: words replaced where two further machine readings agreed (not checked by a person)

[00:53:48] Speaker 11 + overlapping voice

derived off of the value off of the tax rate of that property right now as charlene said

[00:53:53] Speaker 11 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 00:53:53–00:53:57 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:53:57] Speaker 11 + overlapping voice

two separate parcels there. I think there are two separate parcels there. So it may be 15 plus another eight, um if I remember correctly there. So so so that that baseline year has already been established. um Again, I don't know what that is back in time there. And so, and so, so the, the, and Charlene has it in the report there. So it says, basically, you're collecting 15 off of the vacant property right now. um When they do the construction and assuming that all of her all of the projections are realized, then they're projecting the

[00:54:36] Speaker 11 + overlapping voice · Unclear audio

[unclear audio — 0:06]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:54:36–00:54:42 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:54:43] Speaker 11 + overlapping voice

and then what remains

[00:54:44] Speaker 11 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 00:54:44–00:54:53 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:54:49] Speaker 7 + overlapping voice · overlapping voices · Unclear audio

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[00:54:50] Speaker 11 + overlapping voice · overlapping voices · Unclear audio

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[00:54:52] Speaker 7 + overlapping voice · Unclear audio

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[00:54:54] Speaker 7 + overlapping voice · overlapping voices

the tax appraiser will determine the final number? Tax,

[00:54:57] Speaker 11 + overlapping voice · overlapping voices

tax the the property appraiser determines the final um assessed value. So, so yes, that that is correct there. So, so my ‸ They probably have some some uh comps that they're comparing it to and so they'll they'll probably be very close to the uh what the property appraiser finally puts it on the tax rolls.

[00:55:19] Speaker 7 + overlapping voice · overlapping voices

Okay, but my question was does so does that number stay the same for all 10 years? So

[00:55:26] Speaker 8 + overlapping voice · overlapping voices

it stays the same for those 10 years. Does the

[00:55:29] Speaker 11 + overlapping voice · overlapping voices

does what what numbers stay the same? The

[00:55:32] Speaker 8 + overlapping voice · overlapping voices

revenue that we give to the increment value that is reimbursed to the to the developer. Well,

[00:55:38] Speaker 11 + overlapping voice · overlapping voices

and based on the value the value I mean if you go up it ‸ go down but based on

[00:55:43] Speaker 11 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 00:55:43–00:55:47 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:55:47] Speaker 11 + overlapping voice · overlapping voices

so ‸ it's just value times millage rate and so the value could change each year values

[00:55:54] Speaker 11 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:55:54–00:55:58 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:55:58] Speaker 11 + overlapping voice

there's a statutory cap on how far it could go up each year. i I believe there so so the number could actually fluctuate um again, but it is whatever the value is that uh that year uh times the tax rate. I don't think that this is

[00:56:15] Speaker 11 + overlapping voice · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 00:56:15–00:56:18 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:56:18] Speaker 11 + overlapping voice

And so so I think I'm correct on it's the taxable value for the current uh fiscal year times the the millage rate.

[00:56:26] Speaker 7

So yeah, as as values go up it would go up and as values go down and go down right. And

[00:56:34] Speaker 11

so would you're so it's your your obligation. Okay.

[00:56:37] Speaker 7 + overlapping voice · overlapping voices

um And then is it transferable if something happened that God forbid we we want framework. and I think I think Anthony I

[00:56:48] Speaker 11

think this is the the applicant's request so I don't know that it's transferable but I'll I'll throw that one to

[00:56:54] Speaker 11 · Unclear audio

[unclear audio — 0:02]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:56:54–00:56:58 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:56:56] Speaker 12 + overlapping voice · Unclear audio

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[00:56:58] Speaker 12 + overlapping voice

agreement. So the way it typically works is my is the agreement will be

[00:57:05] Speaker 12 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 00:57:05–00:57:09 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:57:09] Speaker 12 + overlapping voice

project. This this agreement would um um essentially run with the land and the

[00:57:19] Speaker 12 + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording · 00:57:19–00:57:25 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:57:25] Speaker 12 + overlapping voice · overlapping voices

the property owner, would be the one that is eligible for the um

[00:57:31] Speaker 12 + overlapping voice · Unclear audio

[unclear audio — 0:01]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:57:31–00:57:37 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:57:32] Speaker 7 · Unclear audio

[unclear audio — 0:04]

[00:57:37] Speaker 7

they decided to sell it for whatever reason, I mean, again, don't want you to do that, would this be transferable? So we would already, we would be locked into this should another project come in is what I'm asking.

[00:57:50] Speaker 12

It's only for, it's for this particular project. And before this

[00:57:55] Speaker 12 · Unclear audio

[unclear audio — 0:03]

Flag: numbers, amounts, negation or names differ between the machine readings · 00:57:55–00:57:57 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:57:57] Speaker 12

they would have to meet certain contractual obligations. First and foremost, they're going to have to construct the project that they agreed to construct.

[00:58:06] Speaker 7

Okay.

[00:58:07] Speaker 12 + overlapping voice · overlapping voices

Right. And a certificate of completion or occupancy, call it what you want, would have to be issued for the project.

[00:58:13] Speaker 1 + overlapping voice · overlapping voices

‸ Because

[00:58:14] Speaker 12 + overlapping voice · overlapping voices

that is, that's, that's what you're incentivizing. And then annually, of course, the taxes will have to be paid as a condition of getting the reimbursement. So those are, those are some of the key conditions that would be in this particular agreement.

[00:58:33] Speaker 9

Okay.

[00:58:33] Speaker 12 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 00:58:33–00:58:36 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:58:36] Speaker 12 + overlapping voice · overlapping voices

pay the property, you get the project built, you meet all the terms and conditions and not in default in the agreement. You pay the taxes, they pay the taxes, then the reimbursement is then given to the, to the entity that is paid, the property owner that's paid the taxes. Okay. That's how I envision it.

[00:58:54] Speaker 7

Okay. Okay. okay Well, I think those are my questions.

[00:59:05] Speaker 10

okay yeah

[00:59:10] No voice detected

Well,

[00:59:10] Speaker 3

back to the motion.

[00:59:13] Speaker 3 · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 00:59:13–00:59:18 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:59:14] Attribution uncertain · Unclear audio

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[00:59:14] Speaker 3 · Unclear audio

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[00:59:15] Attribution uncertain · Unclear audio

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[00:59:15] Speaker 3 · Unclear audio

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[00:59:18] Speaker 3

this project or not. What it has to do is our fiduciary

[00:59:22] Speaker 3 · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 00:59:22–00:59:27 · unresolved: the words are not shown (unclear audio); listen to the recording

[00:59:27] Speaker 3

the tenants of the

[00:59:29] Attribution uncertain

tenants of

[00:59:29] Speaker 3

what we are here to, um decide. um and I feel that some of these questions that have come up already show that there's a lot that is not understood about what was presented to us. Because it's a complex issue. A proposition. And we were also told that we would be able to participate in negotiations. So, if we don't understand it or have it analyzed on an outside or don't have all the information, then we cannot actually participate. Because tonight, this

[01:00:13] Speaker 3 · Unclear audio

[unclear audio — 0:05]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:00:13–01:00:18 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:00:18] Speaker 3

formal agreement.

[01:00:19] Speaker 3 · Unclear audio

[unclear audio — 0:07]

Flag: words only one machine reading has (possibly not said) · 01:00:19–01:00:25 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:00:26] Speaker 3

I'm asking that we defer it so that we can have a complete understanding and have access to all the financials that

[01:00:34] Speaker 3 · Unclear audio

[unclear audio — 0:06]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:00:34–01:00:40 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:00:40] Speaker 3

an outside analysis, because this is

[01:00:43] Speaker 3 · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:00:43–01:00:48 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:00:48] Speaker 3

analyze it and make a suggestion for a counter. Because it could be tiered. It could be balanced. There are different ways that

[01:00:56] Speaker 3 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:00:56–01:01:00 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:01:00] Speaker 3

was asking that we defer it until we have gathered enough understanding and information and inform the public of what we're doing and have

[01:01:11] Speaker 3 · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 01:01:11–01:01:15 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:01:15] Speaker 3

to make sure that we are headed in the right direction. Or that there would ‸ be alternative um

[01:01:24] Speaker 3 · Unclear audio

[unclear audio — 0:08]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:01:24–01:01:32 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:01:32] Speaker 3

we get besides what we were asking for to begin with, um I think has to show to the community that they are getting something

[01:01:42] Speaker 3 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 01:01:42–01:01:46 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:01:46] Speaker 3

I mean, I think we need a little more give back also. But I'm just asking that we defer this decision tonight until all parties, public and and ourselves, are fully informed about what we're doing before we make a decision. I'm done.

[01:02:14] Speaker 3 · Unclear audio

[unclear audio — 0:01]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 01:02:14–01:02:19 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:02:15] Speaker 10 · Unclear audio

[unclear audio]

[01:02:15] Speaker 4 · Unclear audio

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[01:02:16] Speaker 10 · Unclear audio

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[01:02:17] Speaker 4 · Unclear audio

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[01:02:19] Speaker 4

about outside analysis,

[01:02:22] Speaker 11 + overlapping voice · overlapping voices

yeah is that

[01:02:24] Speaker 4 + overlapping voice · overlapping voices

is that a possibility? I

[01:02:25] Speaker 11

don't think that they're going to let their confidential financial information be examined by a third party. Okay. And so, what what what are, so I think the here's the process. So we go forward. I think the attorney has to bring back to you the agreement. I don't know that in the interim, you couldn't sit down with staff and with the framework group and go over their financials because you're going to have to have them sitting down explaining what you're looking at right um because it's very complicated. here And so so I think there's an opportunity to do that um in the interim of whatever step you take

[01:03:04] Speaker 11 · Unclear audio

[unclear audio — 0:06]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 01:03:04–01:03:10 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:03:10] Speaker 11

Okay.

[01:03:11] Speaker 4

um The only other thing that I that i had, I know the motion is is on the floor and vote's going to be what it's going to be. um But like

[01:03:21] Speaker 4 · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 01:03:21–01:03:25 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:03:25] Speaker 4

stated

[01:03:25] Speaker 4 · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording · 01:03:25–01:03:31 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:03:31] Speaker 4

um that was purchased by the agency for potential affordable housing. And so I think it was a conversation we had maybe a couple years ago or so about um that being a part of a community benefit contract. And I think this that this could be the perfect opportunity um to push that project forward um because right now that project is not existing. The the property is there. um And so what the community can possibly get back could

[01:04:05] Speaker 4 · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording; numbers, amounts, negation or names differ between the machine readings · 01:04:05–01:04:08 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:04:08] Speaker 4

as far as a potential um integration with their particular contract

[01:04:16] Speaker 4 · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 01:04:16–01:04:21 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:04:21] Speaker 4

um as as well, but I believe that could be a conversation. Should you like what we just did at

[01:04:30] Speaker 4 · Unclear audio

[unclear audio — 0:01]

Flag: a language review questioned the wording · 01:04:30–01:04:31 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:04:31] Speaker 11

So I i know that a couple ‸ years ago I had a conversation with uh

[01:04:38] Speaker 11 · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording · 01:04:38–01:04:43 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:04:43] Speaker 11

part of of a of this agreement, this matter. But I did talk to Nick about is the is the the not-for-profit arm, the is that called the

[01:04:53] Speaker 11 · Unclear audio

[unclear audio — 0:02]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:04:53–01:04:55 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:04:55] Speaker 11

So I did talk to him about the porch light uh organization, which is their not-for-profit uh philanthropic arm of a of a framework group bidding on um when we send ‸ that, uh what's that,

[01:05:12] Speaker 11 · Unclear audio

[unclear audio — 0:02]

Flag: a language review questioned the wording · 01:05:12–01:05:14 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:05:14] Speaker 11

When we send that um out to the marketplace for somebody to bid on an affordable housing um product. So we did we did have that conversation. um Jessica, you may want to speak to um the ‸ ability to tie one to the other. okay All right.

[01:05:38] Speaker 1

That's all I have. Thank you.

[01:05:39] Speaker 10

Agency

[01:05:41] Speaker 1 + overlapping voice · overlapping voices

member Weeks. I would like to hear the presentation. I

[01:05:47] Speaker 10 + overlapping voice · overlapping voices

do too, but I'm just letting you all exhaust

[01:05:48] Speaker 1 + overlapping voice · overlapping voices

this. From from the from the folks. and uh So anyway, i I will defer anything that I might have to say at this point. it's uh i just My concern is um not with the project. I think it's it's good. And uh I don't want us to to do anything that would keep it from going forward.

[01:06:13] Speaker 10

That's my concern. okay so That's Jessica. uh Thomas Sexton, if you like to say anything, excuse me, anything additionally, feel free. But ladies first. Thank

[01:06:25] No voice detected

you.

[01:06:25] Speaker 13 + overlapping voice · overlapping voices

Good evening and thank you. ‸ you can hear me. Jessica

[01:06:28] Speaker 13 + overlapping voice · Unclear audio

[unclear audio — 0:01]

Flag: the machine readings disagree here; numbers, amounts, negation or names differ between the machine readings · 01:06:28–01:06:29 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:06:29] Speaker 13 + overlapping voice

Law Firm,

[01:06:29] Speaker 13 + overlapping voice · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:06:29–01:06:29 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:06:29] Speaker 13 + overlapping voice · Unclear audio

[unclear audio — 0:02]

Flag: a language review questioned the wording · 01:06:29–01:06:31 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:06:31] Speaker 13 + overlapping voice

here on behalf of Framework. I will tweak

[01:06:34] Speaker 13 + overlapping voice · Machine re-recognized

Flag: words were replaced by a machine repair · 01:06:34–01:06:34 · machine repair: words replaced where two further machine readings agreed (not checked by a person)

[01:06:34] Speaker 13 + overlapping voice

general presentation to try to hit on all of the points mentioned so far. This is one of the last times I'll say that we're talking about the property, a hop, skip, and a jump away from us. And that we're very excited to be here. I think that we have talked about this project for

[01:06:49] Speaker 13 + overlapping voice · Unclear audio

[unclear audio — 0:02]

Flag: a language review questioned the wording · 01:06:49–01:06:52 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:06:52] Speaker 13 + overlapping voice

And the the start of my comments will be the old saying, time is money. um ‸ plays into this a bit. And so we have valued the partnership with the city. We love working with you. Hopefully some of the responses we hear today are taken with that in mind in consideration of where we have come so far. With the motion before you today, there is a

[01:07:15] Speaker 13 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:07:15–01:07:19 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:07:19] Speaker 13 + overlapping voice

to remind the the group that when we came forward with the development agreement, our request and the outline at that time was 95

[01:07:27] Speaker 13 + overlapping voice · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 01:07:27–01:07:29 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:07:29] Speaker 13 + overlapping voice · overlapping voices

to show if this project would succeed or not. And that was about a year and a half ago now, I believe, that we were here. After that meeting, when that was kind of put forward as something the project would need and

[01:07:39] Speaker 13 + overlapping voice · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 01:07:39–01:07:42 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:07:42] Speaker 13 + overlapping voice

‸ at a 90 maximum. And that is wholly within your review. When we looked at that policy decision, it took a very long time for the framework group to identify if they could deliver the quality of development that they committed to in that development agreement with a 90 tax increment. And I think the distinction is the CRA expires in 2041.

[01:08:03] Speaker 13 + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 01:08:03–01:08:07 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:08:07] Speaker 13 + overlapping voice

on the allocations the percentage requirements, all of that that's built into the

[01:08:12] Speaker 13 + overlapping voice · Unclear audio

[unclear audio]

Flag: the machine readings disagree here · 01:08:12–01:08:12 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:08:12] Speaker 13 + overlapping voice

We just had a site in Daytona Beach, and we'll talk about Daytona as an example on another piece here, where there was a site that actually framework looked at before they selected the site that they are under construction on 400 Beach in Daytona Beach, where they were going to develop the site. They had a tax increment agreement. The seller in that case did not extend their contract. It expired. Somebody else came in. ‸ they had Daytona only has until 2036 for their CRA.

[01:08:38] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:08:38–01:08:42 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:08:42] Speaker 13 + overlapping voice

but it's by example,

[01:08:44] Speaker 13 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:08:44–01:08:47 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:08:47] Speaker 13 + overlapping voice · overlapping voices

start the project. So they had to go back to the city and say, based on the time it spent in the review process, construction costs have risen, interest rates still are not great, nobody is really sure what's going on ‸ the Middle East

[01:08:59] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:08:59–01:09:04 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:09:04] Speaker 13 + overlapping voice

this project this year, we need an additional

[01:09:06] Speaker 13 + overlapping voice · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:09:06–01:09:06 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:09:06] Speaker 13 + overlapping voice

million.

[01:09:06] Speaker 13 + overlapping voice · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:09:06–01:09:07 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:09:07] Speaker 13 + overlapping voice

And thankfully, the city of Daytona Beach said, we understand. We've revised the tax increment agreement. You're going to go from, they were at 90 to 95 and they move forward. They started construction last week. They had their pre-construction meeting. And so when we're looking at incentives, the piece that's noted on the confidentiality, there are two pieces of information that are confidential in this package. It is

[01:09:30] Speaker 13 + overlapping voice · Unclear audio

[unclear audio — 0:02]

Flag: a language review questioned the wording · 01:09:30–01:09:32 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:09:32] Speaker 13 + overlapping voice

and it is

[01:09:33] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:09:33–01:09:37 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:09:37] Speaker 13 + overlapping voice

Both of those are trade secrets. Never in almost a decade of practicing legal,

[01:09:41] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:09:41–01:09:45 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:09:45] Speaker 13 + overlapping voice

have we been asked to provide that information. It's not done because it's a trade secret. And because once something is submitted to the city, there are questions and concerns between public view and what are private documents. Now, they were in your guidelines, and we have figured out a way with the city attorney's office to provide those to you while working under the Florida statute that provides that those will remain

[01:10:06] Speaker 13 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:10:06–01:10:11 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:10:11] Speaker 13 + overlapping voice

a construction budget and capital investment summary, and that is the basis that shows the land value,

[01:10:16] Speaker 13 + overlapping voice · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 01:10:16–01:10:19 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:10:19] Speaker 13 + overlapping voice

That has always been public. That shows the projected recovery of the

[01:10:23] Speaker 13 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:10:23–01:10:27 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:10:27] Speaker 13 + overlapping voice

piece

[01:10:27] Speaker 13 + overlapping voice · Unclear audio

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Flag: a possible machine repair could not be placed · 01:10:27–01:10:28 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:10:28] Attribution uncertain · Unclear audio

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[01:10:28] Speaker 13 + overlapping voice

kind of economic impact study, which shows the other piece of what are we getting as a city out of this agreement beyond the 25 public spaces and the Catalyst Redevelopment Project, through streetscaping, the road improvements, that is in your back of minute is fully public for review. Those highlights include, if you remember, the annual economic impact of this project, 35 million,

[01:10:50] Speaker 13 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:10:50–01:10:51 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:10:51] Speaker 13 + overlapping voice

million of that in direct spending, consumer spending,

[01:10:54] Speaker 13 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:10:54–01:10:55 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:10:55] Speaker 13 + overlapping voice

[01:10:55] Speaker 13 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:10:55–01:10:55 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:10:55] Speaker 13 + overlapping voice

million of that consumer spending directly in

[01:10:58] Speaker 13 + overlapping voice · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:10:58–01:10:58 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:10:58] Speaker 13 + overlapping voice

Village year over year. You have a letter in the backup report from the financial reporting group,

[01:11:05] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording; numbers, amounts, negation or names differ between the machine readings · 01:11:05–01:11:06 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:11:06] Speaker 13 + overlapping voice

that said, we've looked at those numbers. They're all still valid, but they're conservative. If we build today, they are going to be even higher. So that is a minimum baseline of the public improvement and public benefit that will come out of this site. the tax increment structure and kind of some of the questions that came out of that. I did want to clarify that

[01:11:28] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:11:28–01:11:29 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:11:29] Speaker 13 + overlapping voice

not that spillover impact. I think the difference between the direct consumer spending, that

[01:11:35] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:11:35–01:11:36 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:11:36] Speaker 13 + overlapping voice

somewhere in that gap is the spillover property value increase in the area. And the questions about the the changes ‸ in ‸ The way that this is structured is that, as noted, you get a base year, and it can be a random year that we pick with the city attorney, ‸ it could be this year, where it would be

[01:11:55] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:11:55–01:11:56 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:11:56] Speaker 13 + overlapping voice · overlapping voices

Whatever we generate now in taxes, let's say, I'm going to use 15 000 as a round number. We have a 15 000 tax bill. When we complete the project and it is stabilized for rent, occupied, the property appraiser will assess that structure at 90 million, right the cost of improvement. When we get that 90 million, they apply the millage rate. They give you a new tax bill of 650 000 I'm using round numbers. You take that

[01:12:24] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:12:24–01:12:28 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:12:28] Speaker 13 + overlapping voice

[01:12:28] Speaker 13 + overlapping voice · Machine re-recognized

can

Flag: words were replaced by a machine repair · 01:12:28–01:12:28 · machine repair: words replaced where two further machine readings agreed (not checked by a person)

[01:12:28] Speaker 13 + overlapping voice

never pay you less than what we pay you now. And then of that remainder, you calculate 90 of that. You take that 10 in addition to what you get now, and the rebate program is for the remainder. So that is the structure. It will change based on that assessed value year over year. We program in for our estimates and based on other projects about a

[01:12:50] Speaker 13 + overlapping voice · Unclear audio

[unclear audio]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:12:50–01:12:50 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:12:50] Speaker 13 + overlapping voice

increase year over year and property tax valuation. But no matter what, in terms of property value increase, you will have that cap that was

[01:12:58] Speaker 13 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:12:58–01:13:02 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:13:02] Speaker 13 + overlapping voice

we're projecting right now about 10 years from stabilization to get there. If this is knocked out of the park, property taxes are great. They've got a bigger rebate and

[01:13:11] Speaker 13 + overlapping voice · overlapping voices · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 01:13:11–01:13:15 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:13:15] Speaker 13 + overlapping voice · overlapping voices

allowed to get anymore so it would cut off at that time. If you don't read it meet it by year 10, you don't get to go to year 11. So you have the time frame and the maximum. There was a question on transferability. The only piece that I will point out because ‸ it would be a requested term that we've run into before is based on the Daytona example. In order to authorize the issuance of the construction loan for the project, there has to be a provision that says, if for some reason before construction is complete, the lender has to step in, they have a right. And so it is typically structured to say it is to framework during construction or an affiliated entity. We already have it here, that

[01:13:53] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:13:53–01:13:54 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:13:54] Speaker 13 + overlapping voice

But if the agreement was a framework group and then we had a special purpose entity for the site, they would be able to step in as long as they had the same principles or the lender who will finance the loan So that is to answer that question. And then on affordable housing, and I'll touch about touch on the pipeline. Framework looks at in a market before

[01:14:13] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:14:13–01:14:14 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:14:14] Speaker 13 + overlapping voice

to talk about community engagement because you guys brought that up last time, the programming piece. Is that framework starts in a community, and we'll use Daytona Beach as an example because it was brought ‸ up. Their first project in Daytona Beach is the Napier. It's a market rate project out on a growing piece of Daytona Beach out by the interstate. Framework started here with Cirrus, market rate project.

[01:14:38] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:14:38–01:14:44 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:14:44] Speaker 13 + overlapping voice

that they had an incentive agreement

[01:14:45] Speaker 13 + overlapping voice · Unclear audio

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[01:14:49] Speaker 13 + overlapping voice

catalyst

[01:14:50] Speaker 13 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:14:50–01:14:51 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:14:51] Speaker 13 + overlapping voice

The third project that Framework started with Daytona Beach is what was noted. It is a partnership with the city of Daytona Beach on city-owned land for affordable housing, a mixed income affordable housing

[01:15:02] Speaker 13 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:15:02–01:15:02 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:15:02] Speaker 13 + overlapping voice

And so their track record is let's test the market with the market rate project. Let's go in and be a catalyst in an area that we see as an investment. And then let's

[01:15:13] Speaker 13 + overlapping voice · Unclear audio

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[01:15:14] Speaker 13 + overlapping voice

in the community that we've already got a base in,

[01:15:16] Speaker 13 + overlapping voice · Unclear audio

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[01:15:19] Speaker 13 + overlapping voice

And so I think that they they would love to see that. One of the pieces that staff mentioned that I think is worth reiterating is that there is a required

[01:15:29] Speaker 13 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:15:29–01:15:33 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:15:34] Speaker 13 + overlapping voice

That's your own money going into a project.

[01:15:36] Speaker 13 + overlapping voice · Unclear audio

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[01:15:40] Speaker 3 + overlapping voice · overlapping voices

[01:15:41] Speaker 13 + overlapping voice · overlapping voices

double the required private equity. And the public to private investment required is seven to one.

[01:15:47] Speaker 13 + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 01:15:47–01:15:51 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:15:51] Speaker 13 + overlapping voice

to the city of Coco. They see the vision here. They want to be a part of it. And we have been in these discussions and

[01:15:58] Speaker 13 + overlapping voice · Machine re-recognized

we'll

Flag: words were replaced by a machine repair · 01:15:58–01:15:59 · machine repair: words replaced where two further machine readings agreed (not checked by a person)

[01:15:59] Speaker 13 + overlapping voice

continue being in this these discussions until we get to the end of it. But we'd love to get started.

[01:16:04] Speaker 4 + overlapping voice · overlapping voices

Absolutely. Absolutely.

[01:16:07] Speaker 10 + overlapping voice · overlapping voices · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:16:07–01:16:08 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:16:08] Speaker 13 · Unclear audio

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[01:16:08] Speaker 13

ask Thomas to come up and talk about community programming and cooperation with the Main Street Group, because that was raised last time and briefly today.

[01:16:17] Speaker 10

Thank you, Jessica.

[01:16:18] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice

Good evening. My name is Thomas Sexton. I'm with the Framework Group. We're at

[01:16:23] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 01:16:23–01:16:26 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:16:26] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice

and I'm here to speak on behalf of

[01:16:28] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:16:28–01:16:31 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:16:31] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice · overlapping voices

we spoke a lot about our meeting with Cocoa Village Main Street and some of the commitments that we made during that meeting. While it was myself and another representative ‸ Framework, it is a core like principle of ours and a core tenant to stick by as the owner throughout all of construction, post-construction, and throughout you know the life of the community to best represent ourselves within that community. and you know It's our main goal to become part of the fabric of that community and stay on from an ownership communication with the community standpoint.

[01:17:03] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:17:03–01:17:07 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:17:07] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice

[01:17:07] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 01:17:07–01:17:10 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:17:10] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice

be dealing with? You know, it's my hopes that people can reach out to me on my personal line throughout this whole process and that we're a part of the community for years to come from an ownership perspective. And that's getting in, putting in programming into our communities that's reflective of the spirit of Cocoa Village and continuing that partnership year over year. Because like we pointed out, it's we hope this is a forever partnership.

[01:17:31] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 01:17:31–01:17:36 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:17:36] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice

you know, it's our goal to

[01:17:38] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice · Unclear audio

[unclear audio — 0:05]

Flag: a language review questioned the wording · 01:17:38–01:17:43 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:17:43] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) + overlapping voice

the local boutiques, the restaurants, the bars, and infuses them into our projects and our communities. um So, once a quarter, we'll typically do a market. um If we have a larger site, we'll do a market ‸ we bring in booths and we have sort of a farmer's market set up. And, you

[01:17:57] Attribution uncertain

know

[01:17:57] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified)

we have music, drinks, but it gives the opportunity for the neighborhood to be a part of our community. But then we have, um you know, our our community members go out into the village, you know, daily. And

[01:18:09] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) · Unclear audio

[unclear audio — 0:03]

Flag: a language review questioned the wording · 01:18:09–01:18:12 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:18:12] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified)

And and that's our firm commitment. um It was when we stood here in front of the um the village in June, and it will continue to be. And um it's something we take a lot of pride in ‸ we're very um excited about. So, I can touch on that in more detail ‸ in terms of what we've done in the past, but uh that's that's our main stated intent here. So, thank you.

[01:18:34] Speaker 10 + overlapping voice · overlapping voices · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:18:34–01:18:39 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:18:39] Speaker 10 + overlapping voice

‸ Okay. um We have a question. um

[01:18:43] Speaker 9 + overlapping voice

So, we spoke a little bit

[01:18:45] Speaker 9 + overlapping voice · Machine re-recognized

early

Flag: words were replaced by a machine repair · 01:18:45–01:18:46 · machine repair: words replaced where two further machine readings agreed (not checked by a person)

[01:18:46] Speaker 9 + overlapping voice · overlapping voices

about uh ‸ time being of the essence ‸ as far as finances. um um I was wondering, uh what's dependent on making this project happen as soon as possible, if approved tonight? Because I'm seeing in other cities, and out of course, some of these cities are probably bigger than us and probably have more staff. Is it a staff thing that gets these projects kick ‸ start you you know, faster or what? so I was just. uh That's a good question. Are you asking

[01:19:16] Attribution uncertain

are you

[01:19:16] Speaker 9 + overlapping voice · overlapping voices

asking staff?

[01:19:16] Speaker 9 + overlapping voice · overlapping voices · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:19:16–01:19:18 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:19:18] Speaker 9 + overlapping voice

you know For example,

[01:19:19] Speaker 9 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:19:19–01:19:22 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:19:22] Speaker 9 + overlapping voice · overlapping voices

you know

[01:19:22] Speaker 9 + overlapping voice · overlapping voices · Unclear audio

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Flag: the machine readings disagree here · 01:19:22–01:19:22 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:19:22] Speaker 9 + overlapping voice

like we just approved that. And it's already, you know trees are being. It's

[01:19:26] Speaker 7

only two starts

[01:19:27] Speaker 9

Yeah. Well,

[01:19:29] Speaker 11 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:02]

Flag: a language review questioned the wording · 01:19:29–01:19:32 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:19:31] Attribution uncertain

this

[01:19:31] Speaker 11 · Unclear audio

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[01:19:32] Speaker 11

But the question

[01:19:33] Speaker 11 · Unclear audio

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[01:19:37] Speaker 11 · Unclear audio

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[01:19:45] No voice detected · Unclear audio

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[01:19:45] Speaker 11 + overlapping voice · Unclear audio

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[01:19:47] Speaker 11 + overlapping voice

core of your

[01:19:47] Speaker 11 + overlapping voice · overlapping voices · Unclear audio

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:19:47–01:19:50 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:19:50] Speaker 1 · Unclear audio

[unclear audio]

[01:19:50] Speaker 1

[01:19:51] Speaker 13 + overlapping voice · overlapping voices

will i'll try to answer. And then

[01:19:53] Speaker 13 + overlapping voice · Unclear audio

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[01:19:54] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:19:54–01:19:56 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:19:56] Speaker 13 + overlapping voice · overlapping voices

Honestly, I think that this is the last domino in terms of getting this in place to release the full scope of engineering for the project. And so from this step forward, once we know that a project is financially viable, which normally we know when we're doing the development agreement, but we've got a new program here and we're working through that with you guys. Once we have that in place, we release the engineers to go through both the city process and all of the state agency permitting process. That's required. In order to get there, they have got, I'm going to estimate, about 90 to 120 days of work to do to run stormwater calculations, to design plans, to get full sets from the architects and submit those for review. So what I call that wash and rinse cycle of a site plan is about a 12 to 18 month process from start to finish. And so I really think it's getting the go ahead to get started, to tell all of our engineers, pencils to paper, we are going. We get through that process. Once you have a site plan complete, permitting is pretty quick. They've already reviewed the floor plan. um ‸ Your permitting department is great to work with. We go through that. They say, yes, you are good to start construction. And then you're moving. And

[01:21:04] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:21:04–01:21:08 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:21:08] Speaker 13 + overlapping voice

That was outlined in the staff report. Where framework typically works is they structure

[01:21:13] Speaker 13 + overlapping voice · Unclear audio

[unclear audio — 0:02]

Flag: numbers, amounts, negation or names differ between the machine readings · 01:21:13–01:21:16 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:21:16] Speaker 13 + overlapping voice · Unclear audio

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Flag: a language review questioned the wording · 01:21:16–01:21:17 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:21:17] Speaker 13 + overlapping voice

you're finishing the finish on the other units. And so you've got that rolling activity within the site as soon as possible. Thank

[01:21:24] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified)

you. You really hit on it. It has a lot to do with just the design process and giving ourselves enough time to adequately respond to school concurrency, you know, the storm calculations and all the workings of the plans.

[01:21:36] Speaker 11

And agency member Hearn. And so um we've actually just staffed up in in planning in terms of internal staff. But this project has always been with RVI, which are the contracted planners there. And so so as a way of a of a force multiplying our staff resources, we do have the contract with RVI, and RVI has been on this project since day one.

[01:22:04] Speaker 10

‸ Somebody just... yeah I didn't do it. Yes, you did.

[01:22:08] Speaker 9

You

[01:22:08] Speaker 10 + overlapping voice · overlapping voices

initiated

[01:22:09] Speaker 9

this.

[01:22:09] Speaker 10

Go ahead and ask your question, sir.

[01:22:12] Speaker 4 + overlapping voice · overlapping voices

Only question that I had was about...

[01:22:14] Speaker 4 + overlapping voice · overlapping voices · Unclear audio

[unclear audio — 0:02]

Flag: words the first reading may have missed · 01:22:14–01:22:16 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:22:16] Speaker 4 + overlapping voice

preference. I know um it was some said today about community benefiting from the the um the the tax.

[01:22:29] No voice detected

Sometimes

[01:22:30] Speaker 4

I've seen projects that when cities give um this relief, the the the contractor and or the the owner may not bring in local contractors in that from that community to

[01:22:45] Speaker 4 · Unclear audio

[unclear audio]

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[01:22:45] Speaker 4

projects where you get somebody from Fort Myers or somewhere else, which I know that's all about cost, prices they give, bids, all that. I get that. um But I think people would palette this better as well if some sort of a local preference ‸ in it.

[01:23:03] Speaker 13

‸ And I'll have Thomas touch on that briefly because the framework has a construction arm, so there's a piece of it that is in-house that helps with facilitation. But my experience in the other projects is they know the value of having a local group go bug planning and permitting about status. But I will defer to Thomas to answer that.

[01:23:19] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified)

So we've currently got First Florida slated as the general contractor. They're a large GC in this area and built multiple projects for us and

[01:23:26] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) · Unclear audio

[unclear audio — 0:04]

Flag: a language review questioned the wording · 01:23:26–01:23:30 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:23:30] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified)

whether it be the site contractor, which is most typical because they're most familiar with the local terrain. And then there's multiple other

[01:23:36] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) · Machine re-recognized

trades

Flag: words were replaced by a machine repair · 01:23:36–01:23:37 · machine repair: words replaced where two further machine readings agreed (not checked by a person)

[01:23:37] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified)

that we preferably would like to have in close proximity to the site. But there is some regional trades that come in on the bigger work, you know drywall and some of your vertical elements. But uh you know

[01:23:46] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified) · Unclear audio

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Flag: a language review questioned the wording · 01:23:46–01:23:48 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:23:48] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified)

um you

[01:23:49] Attribution uncertain · Unclear audio

[unclear audio]

[01:23:49] Speaker 14 (introduced as “Thomas Sexton” — machine-transcribed, not verified)

local employers and local subs. ‸ In

[01:23:52] Speaker 10

the past, we've had contracts where we allow a threshold if we um were able to ascertain a local contractor when it came time for bidding. There was some form of compensation or negotiation.

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[01:24:09] Speaker 10 + overlapping voice · overlapping voices

but

[01:24:10] Speaker 9

in the past, uh in my uh previous term, we had an agreement.

[01:24:15] Speaker 10 + overlapping voice · overlapping voices

Okay, is that it? um Vice Chairperson Goins.

[01:24:19] Speaker 9 + overlapping voice · overlapping voices

Okay.

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Flag: a language review questioned the wording; numbers, amounts, negation or names differ between the machine readings · 01:24:20–01:24:30 · unresolved: the words are not shown (unclear audio); listen to the recording

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[01:24:30] Speaker 10 + overlapping voice · overlapping voices

call the question.

[01:24:30] Speaker 7 + overlapping voice · overlapping voices

I think the motion on the floor, I i know i want to say something in regards the motion on the floor because I think it's I think it's a sound point. I think we're going to have other projects coming in the same thing. um They're going to be going for, of course, everyone wants to maximize their profit on a project. And um I'm hoping that we've, I'm hoping that we have discussed this enough that there will be some sense of that for other projects and for our responsibilities and for what these guidelines actually say. We have four other projects that we've identified for this special area, the staff initiative that we

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:25:26–01:25:33 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:25:33] Speaker 7 + overlapping voice

and uh it's

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[01:25:47] Speaker 7

build all of those to the capacity by which they are currently zoned so there are infrastructure there's there's going to be a price down talking about the future here we're talking about the future isn't that when you negotiate well

[01:26:03] Speaker 1

actually

[01:26:04] Speaker 11 + overlapping voice · overlapping voices

well

[01:26:05] Speaker 7 + overlapping voice · overlapping voices

they're going to be so we're not going to get to develop the four

[01:26:07] Speaker 11 + overlapping voice · overlapping voices

four sites that are that uh uh ‸ large building you can get density bonuses and so it's the old city hall site

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the chase bank uh across the street there and ‸ so um

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uh uh as quickly as possible you know first

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[01:26:34] Speaker 11 + overlapping voice · overlapping voices

it's not going to have a uh an issue but again at the end of the day it is you know it affects their numbers there because if there's a capacity issue they're going to have to pay to actually get the capacity

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[01:26:54] Speaker 11 + overlapping voice

but anybody else listening you know you get here as quickly as you can right so but but you're you're right it is you know if all five you know large building types were were here today we'd have a capacity issue and somebody has to pay for that uh increased capacity or the additional needed capacity

[01:27:18] No voice detected

okay

[01:27:19] Speaker 7

okay so is is your does your motion Candace, still stand? uh Are we gonna? No,

[01:27:26] Speaker 10

no. We got a motion on the floor. We're

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Flag: numbers, amounts, negation or names differ between the machine readings · 01:27:28–01:27:32 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:27:32] Speaker 10

know. Thank you. All in favor say aye.

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[01:27:42] Speaker 10

too. Okay, let's, we'll do a roll call. Do me a roll call.

[01:27:45] Speaker 9

Yes, sir.

[01:27:49] Speaker 6

nay Chairperson Blake.

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[01:28:12] Speaker 10

the motion.

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remember this.

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[01:28:31] Speaker 10

Okay. we Got it. Payton, you have it, sir? Yes, sir. Thank you. Long live California.

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[01:28:44] Speaker 10

Yes.

[01:28:44] Speaker 3 + overlapping voice · overlapping voices

Yes, When it comes back. That was the point of my motion was that I didn't ask for confidential information. I asked for everything that was not confidential. So when it comes back to the floor, will we have the full package? And will the public also have a front viewing for them? Not including confidential

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floor. Yes.

[01:29:16] Speaker 4

Okay.

[01:29:18] Speaker 10

We have a motion on the floor by Vice Chairperson

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Flag: numbers, amounts, negation or names differ between the machine readings; a language review questioned the wording · 01:29:22–01:29:29 · unresolved: the words are not shown (unclear audio); listen to the recording

[01:29:29] Speaker 10

All in favor saying aye. Aye. Any nays? eyes have unanimously. Congratulations. Framework, once again, you have established a positive

[01:29:40] Speaker 10 · Machine re-recognized

rapport

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[01:29:41] Speaker 10

uh Yes, sir. It's big ships and little ships, but nothing like a relationship and a partnership and scholarship. on the

[01:29:53] Speaker 10 · Machine re-recognized

clock

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[01:29:53] Speaker 10

but more so than anything else, stewardship. Booyah! Look forward to making this happen.

[01:29:59] Speaker 4

‸ No,

[01:30:01] Speaker 10

sir. uh Paisano. Updates and staff reports.

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[01:30:16] Speaker 10

staff reports? uh

[01:30:18] Speaker 8

No, sir. No updates or staff reports at this time.

[01:30:20] Speaker 10

Thank you very much. Job well done. uh City Manager staff uh um framework. Again, kudos to you.

[01:30:29] Speaker 10 · Machine re-recognized

Congratulations. Job well done. A good and faithful servant. Come out of Matthews. You'll get the rest of it.

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you rule over a few. You may be able to

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[01:30:41] Speaker 10

Yes, sir. Next meeting for the

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[01:30:53] Speaker 10

Florida. I want to say thank you all for your excellent questions. They were robust questions, I'm happy to say. So job well done. Chair entertains a motion to adjourn. Move to adjourn. Got a motion on the floor by agency member Weeks.

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[01:31:11] Speaker 10

Agency member Rogers,

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[01:31:14] Speaker 10

All in favor saying aye. Aye.

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unanimously. Go in peace. Sir, here's your paper.

[01:31:31] Speaker 2

Thank

[01:31:32] No voice detected

you.

[01:31:37] Speaker 10

Charlene, city manager.

[01:31:38] Speaker 8

Thank you, sir.

[01:31:40] Speaker 10

Thank you, ma'am. My man, this is yours. Is this yours or mine? Take it, brother. Yeah, this is it right here. This is it. Thank you, brother.

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Transcript revision built 2026-10-27T15:00:00 · 10,530 ordinary words, 3,303 in suspect passages, 65 machine re-recognized.

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