[00:00:06]
>> GOOD AFTERNOON, LADIES AND GENTLEMEN.
[1. PLEDGE OF ALLEGIANCE]
THIS IS THE REGULAR MONTHLY MEETING OF THE REDEVELOPMENT COMMISSION. WE'RE HERE IN THE CITY COUNCIL CHAMBERS. WE DO HAVE A QUORUM OF OUR MEMBERS PRESENT. COUNSELLOR AASEN IS DWOUN STAIRS AND SHOULD BE JOINING US MOMENT TEARILY. I WILL DECLARE OUR MEETING TO BE OPEN AND WOULD ASK EVERYONE TO RISE AND JOIN ME IN THE PLEDGE OF ALLEGIANCE.>>> I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS ONE NATION UNDER GOD INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL.
>> THANK YOU VERY MUCH. OUR NEXT ORDER OF BUSINESS IS
[2. APPROVAL OF MINUTES]
APPROVAL OF THE MINUTES OF OUR MINUTES OF MARCH 19TH.ARE THERE ANY CORRECTIONS OR ADDITIONS TO THE DRAFT MINUTES SEEING NONE, CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL.
>> BEEN MOVED AND SECONDED. ALL IN FAVOR, PLEASE SAY AYE.
[3.a. Cash Flow Report]
WE'LL MOVE ON TO FINANCIAL MATTERS AND WE'LL ASK MR. LEE IF HE WOULD PRESENT THE CASH FLOW
THE COMMISSION'S END OF MONTH BALANCE FOR MARCH WAS $6,849,712. INCLUDING THE RESTRICTED FUNDS, $8 MILLION.
>> THANK YOU, MR. LEE. ARE THERE ANY QUESTIONS OF MR.
[3.b. Approval of Claims]
LEE REGARDING THE CASH FLOW REPORT? OKAY SEEING NONE, WE WILL NOW MOVE ON TO APPROVAL OF CLAIMS. AND WE'LL BEGIN WITH THE INVOICES SUBMITTED FOR APPROVAL.MR. LEE, ONCE AGAIN. >> TWO SETS OF CLAIMS BEFORE YOU. ONE FOR NONOPERATING EXPENSES IN $28,226.22. AND THE SECOND ONE FOR THE 2021 LIT GEOBONDS IN $1,076.16. ARE THERE ANY QUESTIONS?
>> SO WHAT IS THE -- WHY IS THERE $1,076 ON THE CLAIMS?
>> THAT IS RELATED TO THE GARAGE.
IT'S RELATED TO PARKING. >> AND THE THOUSAND DOLLARS?
>> PARKING SIGNS AND STUFF OF THAT NATURE.
>> OTHER QUESTIONS, GENTLEMEN? SEEING NONE, THE CHAIR WOULD ENTERTAIN A MOTION OF APPROVAL FOR THE CLAIMS TODAY.
>> BEEN MOVED AND SECONDED THANK YOU VERY MUCH.
[4. EXECUTIVE DIRECTOR REPORT]
>> OPPOSED? IT IS APPROVED. THANK YOU VERY MUCH. WE'LL NOW MOVE ON TO THE REPORTS FROM THE CONNECTIVE DIRECTOR. MR. DIRECTOR?
>> GOOD AFTERNOON. GOOD TO SEE YOU ALL. THE WEATHER IS GETTING NICER, LOTS OF ACTIVITY GOING ON. I I WILL FLY THROUGH THAT.
THINGS ARE FINISHING UP AROUND CITY CENTER.
SQUARE NORTH, YOU CAN SEE THOSE GUIDES OUT THERE ON SITE STARTING CONSTRUCTION. THAT'S REALLY EXCITING.
WE HAVE BEEN LOOKING AT LAND FOR AWHILE, BUT NOW THERE'S MACHINERY AND PEOPLE OUT THERE WORKING. SO THIS IS A FULL GO.
MAGNOLIA CONTINUES ITS CONSTRUCTION. CONSTRUCTION ON CIVIC SQUARE CONDOS HAS NOW BEGUN. YOU CAN SEE THAT THEY ARE MOBILIZED AND RT STARTING TO DO THINGS ON SITE.
LOTS OF PROGRESS AT THE HAMPTON CROSSING, WHERE REPUBLIC HEADQUARTERS IS BEING BUILT. HOPEFULLY HAVE SOMETHING FOR THE ARCHITECTURE COMMITTEE ON THE SKIN ON THAT GARAGE SOON.
IT LOOKS REAL GOOD. THE CITY GOT TO ENJOY EARLIER THIS MONTH THE GRAND OPENING OF THE 1933 LOUNGE IN OUR PROJECT AT 111 SOUTH RANGE LINE. SO LOTS OF FINE DINING OPTIONS IN OUR CENTRAL COURT.
ICON ON MAIN CONTINUES ITS CONSTRUCTION. AT ASK T SITE CONTINUES ITS
[00:05:01]
CONSTRUCTION, LOOKING BETTER THAN EVER. AND FINALLY, ANOTHER BIT OF CHANGE TO LANDSCAPE. THE HOUSES WHERE HAVE BEEN A DEMOLISHED AND THAT IS CONSTRUCTION SITE, WHICH IS EXCITING STUFF. ALSO EQUALLY EXCITING, IT'S COUNSELOR AUSTIN'S BIRTHDAY TODAY. AND THAT CONCLUDES MY DIRECTOR'S REPORT.I'M HAPPY TO ANSWER ANY QUESTIONS FOR THE COMMISSIONERS.
>> QUESTIONS FOR THE DIRECTOR?
>> THANK YOU. SO I GUESS IT'S KIND OF MORE ANNOUNCEMENT, KIND OF DISCUSSION. AS MANY OF YOU KNOW, THE GOVERNOR SIGNED SB-1, THE PROPERTY TAX BILL WHICH COULD HAVE AN AFFECT ON OR GENERAL FUND AND OUR REDEVELOPMENT EFFORTS GOING INTO THE FUTURE. IT DOES OPEN UP OPPORTUNITIES FOR LIT, BUT THAT HAS A LOT OF CAVEATS THERE CONSIDERING IT WOULD BE FOR A NUMBER OF YEARS AND IT WOULD REQUIRE ANNUAL COUNCIL APPROVAL IN ORDER TO INCREASE ANY LOCAL INCOME TAX THAT COULD BE USED TIED TO ANY BONDS OR PROJECTS.
AS YOU MIGHT KNOW, THE CITY COUNCIL HAS AN ENGAGEMENT AGREEMENT WITH TWO CONSULTANTS. WE HAVE A LEGAL CONSULTANT AND A FINANCIAL CONSULTANT.
WE HAVEN'T USED THE FINANCIAL CONSULTANT THIS YEAR. BUT TALKING TO SOME COUNSELLORS, WE ANTICIPATE TRYING TO GET AN OUTSIDE THIRD PARTY ANALYSIS ON WHAT THIS MEANS GOING FORWARD KNOWING THIS COULD CHANGE ON AN ANNUAL BASIS. I ALREADY TALKED TO THE MAYOR.
WE'RE GOING TO MAKE SURE NOT TO DUPLICATE THE EFFORTS.
I THINK SHE IS LOOKING AT IT FROM A GENERAL FUNDS STANDPOINT.
WE'LL BEBE INTERESTED OUR CAPACITY WHEN IT COMES TO TIFF. IF THERE WAS AN OPPORTUNITY FOR PUTTING PUBLIC DOLLARS INTO A PUBLIC AMENITY, WE CAN REASSURE ANY FEARS THERE MIGHT BE ON COUNCIL.
SO I'LL TALK WITH THE DIRECTOR TO MAKE SURE WE'RE GETTING THE RIGHT ANSWERS, BUT WE WILL PROVIDE THAT INFORMATION ONCE WE
HAVE IT. >> THANK YOU FOR THAT REPORT OBVIOUSLY, THAT SB-1 JUST PASSED, SO IT'S NICE TO GET SOME FEEL FOR WHAT'S HAPPENING THERE.
OTHER QUESTIONS FOR THE DIRECTOR? SEEING NONE, GENTLEMEN, WE WILL MOVE ON TO OUR COMMITTEE REPORTS. COMMISSIONER, IT'S NICE TO SEE YOU BACK IN THE FLESH. WHAT'S COOKING?
>> WELL, NOTHING. WE DIDN'T HAVE A MEETING LAST MONTH.
I'M TOLD WE MAY HAVE A LITTLE ACTIVITY IN THE NEXT COUPLE MONTHS.
THANK YOU VERY MUCH. WELL W THAT, IS THERE ANY OLD BUSINESS TO COME BEFORE US TODAY?
>> THERE'S NOT, MR. PRESIDENT.
>> THANK YOU, MR. DIRECTOR. IS THERE ANY NEW BUSINESS BEFORE THE COMMISSION?
>> WELL, THEN, WE SHALL MOVE FORWARD TO IF THERE ARE ANY DOCUMENTS TO BE EXECUTED, WE'LL GET THE CLAIMS WE DO NEED TO EXECUTE. BUT WITH THAT, WITHOUT OBJECTION, I'LL DECLARE OUR MEETING TO BE IN ADJOURNMENT. HERE, WEDNESDAY, MAY 21ST, HERE IN THE CITY COUNCIL CHAMBERS. WE SHOULD BE BACK TO OUR REGULAR TIME, PENDING USE OF THE FACILITY. SO WITH THAT, I WILL DECLARE
* This transcript was compiled from uncorrected Closed Captioning.