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Video-1: youtube.com/watch?v=xYYjYokiipo

Part: 1

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UH UH . MM HMM.

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YEAH . YEAH. UH .

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MM HMM. UH , HELLO. I WOULD LIKE TO CALL TO ORDER THE TUESDAY, JUNE 20TH THIRD,

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2026 HRA BOARD MEETING. FIRST ITEM IS THE APPROVAL OF THE AGENDA. ARE THERE ANY EDITS OR CHANGES ? I HAVE ON TO THE AGENDA.

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WELL. WELL I HAVEN'T NO AT THIS NOT THE CONSENT. OKAY. SO HEARING NONE MAY I HAVE A MOTION TO APPROVE THE AGENDA? SOME OF MOVE BY COMMISSIONER

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WHO CAME SECOND IN SECOND BY COMMISSIONER ROBERTSON ALL IN FAVOR? I OPPOSED MOTION PASSES 4 TO 0.

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AND THE NEXT ITEM IS CONSENT BUSINESS AND OUR CONSENT ITEM IS THE JUNE 9TH 2026 MEETING MINUTES. >> WOULD ANYONE LIKE TO PULL

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THIS ITEM FOR DISCUSSION? I WOULD LIKE THE MOTION OF ALL THE ITEM DISCUSSION. OKAY. SECOND SECOND SECOND MOTION BY COMMISSIONER WOOTEN AND SECOND

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BY COMMISSIONER WHO CAME SO TO WHO BRINGS UP WHAT SO I'M ASKING AS I READ THE MINUTES THERE ARE A COUPLE OF THINGS

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AS I REMEMBER THE DISCUSSION THEY WEREN'T AS DETAILED AND SO I'M LOOKING FOR A LITTLE BIT MORE DETAIL IN RELATIONSHIP TO THE DECISION AND THE PROCESS WE

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MADE TO OUR TABLE. THE THE THE DOWNPAYMENT ASSISTANCE AGREEMENT. SO AS WE GET MORE THINGS

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IN HERE COMMISSIONER WHO CAME THANK YOU MADAM CHAIR ALSO COULD IS THERE A WAY FOR JUST IT TO BE NOTED THAT I SUBMITTED AN EMAIL FOR ON THE RECORD BECAUSE I DID KIND

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OF STATE THAT IN MY EMAIL THAT I WANTED THAT ON THE RECORD AND SO I JUST IF THAT COULD JUST BE CLARIFIED THE EMAIL DOESN'T HAVE TO GO IN IT BUT JUST A NOTE THAT I DID SUBMITTED ON THAT ITEM AND APPRECIATE THAT. THANK YOU.

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AND SO COMMISSIONER WOODEN, WHAT WOULD. SO WHEN I WHEN I WANTED TO MAKE SURE WAS HIGHLIGHTED IS THAT THE REASON FOR THE TABLING TO THIS PARTICULAR

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SESSION WAS BECAUSE OUR ORIGINAL MOU WHICH WAS APPROVED IN 2023 WAS CHANGED

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AND A NEW POLICY BROUGHT FORTH WAS CHANGING THE FOCUS OR THE PARTICULAR OBJECTIVE FOR THAT PARTICULAR MOU WHICH WAS TO TO

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INVEST IN MARGINALLY REPRESENTATIVE BLACK FOUNDATION OF FAMILIES BECAUSE OF THE DESPAIR

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IN HOMEOWNERSHIP. AND SO BASED ON THAT SUPPOSEDLY FEDERAL COMPLIANCE WE'RE BEING INSTRUCTED TO TO MAKE THAT CHANGE. AND SO I NEEDED TO BE INCLUDED

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SO THAT YOU KNOW, AS NOTED IT IT IS AGAIN IT'S IN CONTRAST TO WHAT WE INITIALLY WITH THE SPIRIT OF WHAT WE'RE LOOKING AT. OKAY. SO THOSE CHANGES ARE NOTED AND

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WILL BE IN THE AMENDED MINUTES RIGHT? SO WE DON'T VOTE TO APPROVE DO WE THEN MAYBE WE COULD HAVE OUR ATTORNEY JUMP IN. >> I THINK THERE NEEDS TO BE A

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FORMAL MOTION TO TABLE WITH AMENDMENTS TO BRING BACK. >> CAN WE HAVE RACHEL JUMP IN? YEAH. HELLO EVERYONE. >> I'M SORRY I CAN'T BE THERE PERSON TODAY. CAN YOU HEAR ME? YEP.

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>> OKAY YOU COULD EITHER TABLE AND HAVE MINUTES BROUGHT BACK OR I'VE MADE A COUPLE OF NOTES COMMISSIONER WHO WANTED THE RECORD TO REFLECT THAT SHE HAD SUBMITTED AN EMAIL REFLECTING

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HER CONCERN AND COMMISSIONER WOOTEN WANTED THE RECORD TO REFLECT THAT THE CONCERN WAS THAT THE ORIGINAL MEMORANDUM

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OF UNDERSTANDING INCLUDED A AN AGREEMENT FOR THE PROGRAM AND I'VE LOST THE WORDING AND I DIDN'T WRITE IT DOWN THE EXACT WORDING FOR I'M SORRY I MAYBE

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SOMEONE ELSE THERE KNOWS THE WORDING OF THE INDIVIDUALS THAT WERE TARGETED FOR A BENEFIT FOR THAT PROGRAM CAN I

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CLARIFY FOR THE FOCUS WAS TO BE THAT FOUNDATION OR BLACK FAMILIES WHICH WERE UNDERREPRESENTED IN AND MARCIA THANK YOU COMMISSIONER THAT'S

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WHAT I COULDN'T COME UP WITH WITH FOUNDATIONAL FOUNDATION KNOW BLACK FAMILIES SO YEAH THAT THAT FOUNDATIONAL ESTATE MY BRAIN SO EITHER WE COULD JUST REFLECT THE RECORD WITH

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KIND OF THOSE SIMPLE AMENDMENTS AND HAVE THAT CORRECTED YOU CAN ADOPTED AS AMENDED OR WE COULD COME BACK WITH AN AMENDED MINUTES AND HAVE YOU UP FOR THOSE. IT'S EITHER WAY I THINK WILL

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WORK. >> I THINK I'D RATHER HAVE YOU COME BACK WITH MINUTES BECAUSE I WANT TO MAKE SURE THAT THE REASON WHY I WAS CHANGE IS BECAUSE OF THAT THAT THAT CHANGE BUT ALSO BECAUSE WE'RE BEING DIRECTED FEDERALLY TO CHANGE.

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SO I'M NOT SURE HOW YOU WANT TO WORD THAT WE DON'T GET IN TROUBLE BUT I MEAN THAT'S THE REASON WHY WE AS A PEOPLE WHY WE DID IT. >> SO BASICALLY I WOULD BE

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LOOKING FOR A MOTION TO TABLE FOR APPROVAL OF THE MINUTES OF THE JUNE 9TH MEETING. >> RIGHT. SO I MOVED THE TABLE TWO MINUTES FOR THE JUNE 8TH MEANING AND IN HOPES OF IT BE

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RETURNED WITH THE ADDITIONAL CORRECTIONS. >> I DO HAVE A SECOND, SECOND AND SECOND BY COMMISSIONER ROBERTSON ALL IN FAVOR I

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MOTION PASSES FOUR ZERO UM NO ORGANIZATION OR BUSINESS IT LOOKS LIKE SO NEXT IS NEW BUSINESS 5.1 THE ADORE APARTMENTS DEVELOPMENT

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PROPOSAL MAY WE HAVE THE STAFF REPORT. >> GOOD EVENING COMMISSIONERS . MY NAME IS KEVIN KANIS AND I AM THE ASSISTANT PORT AUTHORITY ADMINISTRATOR HERE

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TO PRESENT ON THE ADAORA AFFORDABLE HOUSING DEVELOPMENT PROJECT. WE'RE ALSO JOINED BY MR. JOHNNY OPARA WHO IS SITTING BEHIND ME AND WILL HAVE THE OPPORTUNITY TO PROVIDE SOME

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COMMENTS ABOUT THE DEVELOPMENT AS WELL. IF YOU WOULDN'T MIND PULLING UP THE PRESENTATION HERE FOR SOME CONTEXT. WELL THAT IS BEING PULLED UP. THIS IS A LOW INCOME HOUSING

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TAX CREDIT PROJECT THAT IS PROPOSED ON CITY OWNED PROPERTY. IT IS THREE PROPERTIES AND IT LOOKS LIKE WE'RE STILL WAITING ON THAT PRESENTATION. IT IS THREE PROPERTIES THAT

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THE CITY OWNS AT THE CORNER OF 13TH AND AMERICAN AND CITY CODE REQUIRES THAT WE EITHER MARKET PROPERTIES THROUGH AN RFP PROCESS OR THROUGH A

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APPROVAL BY AT LEAST FIVE VOTES OF THE CITY COUNCIL AND THE DEVELOPER REACHED OUT TO CITY STAFF WITH THIS PROPOSAL FOR THE REDEVELOPMENT PROJECT

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AND AS PART OF THAT PROPOSAL WE ASKED CITY COUNCIL AT THEIR JUNE 15TH MEETING IF THEY WOULD BE OPEN TO EVALUATE THE PROJECT FOR DEVELOPMENT AND

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POTENTIAL FINANCING FROM THE CITY AND THE HRA OUTSIDE OF THAT FORMAL RFP PROCESS. AND WHILE THE PRESENTATION IS

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GETTING US FIXED OR BROUGHT UP HERE THESE THREE SITES SO THEY'RE ABOUT THREE QUARTERS OF AN ACRE AND THE DEVELOPER IS DOING COMMUNITY ENGAGEMENT SESSIONS WITH THE NEIGHBORHOOD

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THAT THESE PROPERTIES ARE IN. SO THAT FIRST SESSION HAPPENED ON JUNE 18TH. SO THIS THIS WEEK THERE WAS SOME FEEDBACK PROVIDED DURING THOSE SESSIONS AND THAT

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FOCUSED ON AROUND CONCERNS RELATED TO LIVABILITY CONCERNS THAT WERE MOSTLY EXISTING ISSUES OR THINGS RELATED TO TRAFFIC AND AND PEOPLE THAT

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ARE PARKING COMMERCIAL VEHICLES ON THAT STREET. THE DEVELOPER IS DOING AN ADDITIONAL COMMUNITY ENGAGEMENT SESSION RELATED TO THE PROJECT ON THE TWENTY-FIFTHS OR NEXT MONTH OR

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SORRY NEXT WEEK AND HAS COMMITTED TO CONTINUING TO WORK WITH STAFF TO ADDRESS THOSE CONCERNS.

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LET'S SEE THERE WE GO. SO AS I HAD SHARED SO IT DID GO TO CITY COUNCIL ON THE 15TH AND AT THAT POINT PORT STAFF

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PRESENTED THE DEVELOPMENT PROJECT TO CITY COUNCIL INCLUDING THE REQUEST FOR FINANCIAL ASSISTANCE AND THE POSSIBILITY OF AN HRA LOAN WHICH WE'LL DISCUSS HERE IN A

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LITTLE BIT MORE DETAIL. THE GOAL OF THE MEETING TONIGHT IS TO PROVIDE YOU CONTEXT ABOUT THIS DEVELOPMENT PROJECT, WHY IT'S BEING BROUGHT BEFORE YOU TODAY AND THEN ANSWER ANY QUESTIONS YOU MAY HAVE AND THEN DETERMINE IF

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YOU ARE SUPPORTIVE OF PROVIDING A FINANCIAL COMMITMENT TO THIS PROJECT. AT THIS POINT THE DEVELOPER WOULD BE APPLYING FOR THE TAX CREDITS AND IT'S A VERY COMPETITIVE APPLICATION

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PROCESS SO IT REQUIRES US AS A CITY TO COMMIT TO PROVIDING FINANCIAL ASSISTANCE THROUGH THAT PROCESS IF THE FUNDS ARE AWARDED. SO THAT'S REALLY WHAT WE'RE ASKING YOU TO DO TODAY.

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AND AS I SHARE IT, MR. O'HARA IS THE DEVELOPER AND THE COMPANY THAT HE OPERATES IS CALLED JOE COMPANIES SO THEY ARE AN AFFORDABLE HOUSING DEVELOPER THAT HAS DONE A NUMBER OF PROJECTS.

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THE MOST RECENT ONE THAT THEY'RE CURRENTLY UNDERTAKING RIGHT NOW IS IN RICHFIELD SO THAT'S PENN STATION VERY SIMILAR TYPE OF PROJECT AND THEN THEIR DEVELOPMENT TEAM IS

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WITH CASTLE WILSON WHO ALSO HAPPENS TO BE ACROSS THE STREET. SO THE NEIGHBOR TO THE DEVELOPMENT SITE THAT WE'RE DISCUSSING AS WELL AS DORON AND THEN HALVERSON AND BLAISE ARE GROUP AND THESE ARE ALL BLOOMINGTON BASED COMPANIES

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AND AS I SHARED THE DEVELOPER HAS CONDUCTED ONE AND WILL CONDUCT ANOTHER COMMUNITY ENGAGEMENT SESSION AND THEN YOU CAN SEE A DEPICTION OF THE DORA HERE ON THE SCREEN AS

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WELL . I SKIPPED ONE SO SORRY ABOUT THAT. SO I TALKED A LITTLE BIT ABOUT THE PROPERTY ITSELF. IT WAS ACQUIRED BY THE CITY IN 1994 SO THESE WERE RIGHT

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OF WAY ACQUISITIONS THAT WERE ACQUIRED FROM THE METROPOLITAN AIRPORT COMMISSION AND THEY ORIGINALLY ACQUIRED IT DUE TO NOISE ISSUES RELATED TO THE RUNWAY AT THAT POINT IT IS

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RECOMMENDED BY STAFF THAT WE REPAY THE FUND THAT WAS USED TO ACQUIRE THE PROPERTY AND THAT'S FOR $285,570. ADDITIONALLY WE WOULD BE

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ASKING FOR A WRITE DOWN OF THAT SALES PRICE AND BASED ON THE MOST RECENT APPRAISAL WE HAVE THAT IS 695,000. HOWEVER THE DEVELOPER DID CONDUCT A BROKER'S PRICE

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OPINION TO GET A MORE UPDATED VALUATION AND THAT CAME IN AT 936,000 AS OF TODAY. SO THE PROPOSED DEVELOPMENT ITSELF IS FOR 52 UNITS.

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THIS IS SPLIT BETWEEN 3050 AND 60% AND MY UNITS IT IS A TAX CREDIT PROJECT AS I PREVIOUSLY MENTIONED AND STAFF IS SUPPORTIVE OF THIS PROJECT FOR A NUMBER OF REASONS INCLUDING

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THAT IT BRINGS DEEPLY AFFORDABLE UNITS THAT WE NEED IN OUR COMMUNITY. THE DEVELOPER WAS ALSO A FINALIST FOR ANOTHER RECENT PROJECT WITHIN OUR COMMUNITY SO 700 AMERICAN THE ROSALIND

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HE WAS A FINALIST FOR THAT PROJECT. THIS PROJECT IS ALONG AMERICAN BOULEVARD WHICH IS A TRANSIT CORRIDOR WITH THE D LINE BUS RAPID TRANSIT. IT'S ALSO IN CLOSE TO

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EMPLOYMENT SO YOU'VE GOT EMPLOYERS ALONG AMERICAN BOULEVARD. YOU ALSO HAVE THE WALMART AND YOU'VE GOT THEM ALL REALLY CLOSE TO THERE AS WELL. HAVING THE 9% TAX CREDITS

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ALLOWS FOR THESE MORE AFFORDABLE UNITS WITHOUT THAT SUBSIDY IT BECOMES ESPECIALLY MORE CHALLENGING TO PROVIDE UNITS AT THAT LOWER AMI BECAUSE OF THE AMOUNT OF FINANCIAL ASSISTANCE THAT'S

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REQUIRED. AND THEN I MENTIONED ABOUT THE ARCHITECT GENERAL CONTRACTOR AND PROPERTY MANAGER BEING IN BLOOMINGTON AS I SHARED

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PREVIOUSLY CITY CODE REQUIRES AN RFP PROCESS WITH A SEALED BID OR CITY COUNCIL CAN APPROVE SALE VIA A VOTE OF FIVE APPROVAL VOTES AT THIS

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POINT WE HAVE PRESENTED THIS PROJECT AND THAT WAS ON THE 15TH CITY COUNCIL GAVE AN AFFIRMATIVE VOTE OF 7 TO 0 TO PROCEED WITH THE NEXT STEP WHICH AT THIS POINT THIS NEXT

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STEP IS COMING BEFORE THE H RAY TO ASK FOR THE REQUESTED FINANCIAL ASSISTANCE TO HELP SUPPORT THE AFFORDABLE RENT FOR THIS PROJECT AS WELL AS REPAYMENT OF THAT RIGHT AWAY

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FUND SO THE REQUEST FROM THE H RAY TODAY IS FOR UP TO $300,000 TO DO JUST THAT. ADDITIONALLY THERE IS A PROPOSAL FOR TAX INCREMENT FINANCING AND THAT WOULD BE THROUGH A HOUSING TIFF

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DISTRICT THAT WOULD PROVIDE OVER THE COURSE OF THAT 26 YEARS ABOUT $900,000 IN INCREMENT PAID OVER A 26 YEAR PERIOD WITH THAT PAYGO NOTE AND THEN THE TIMELINE

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WHERE WE'RE AT RIGHT NOW IS IN THIS MEETING WE'RE AT THE 23RD AND THEN IF H RAY VOTES FOR APPROVAL OF UP TO 300,000 WE WOULD THEN GO BACK TO CITY COUNCIL AND ASK FOR THEM TO

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APPROVE REALLY TWO THINGS AND THAT WOULD BE AN INTENT TO PURCHASE THE PROPERTY THAT OBLIGATES THE PROPERTY TO THE DEVELOPER WHILE THEY APPLY FOR THE TAX CREDITS AS WELL AS A

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RESOLUTION INDICATING SUPPORT FOR THE TAX INCREMENT FINANCING FOR THIS PROJECT AND THEN IF THE DEVELOPER APPLIES ON THAT JULY 9TH DEADLINE AND IS AWARDED THAT WOULD PROBABLY

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HAPPEN THIS WINTER AND THEN WE WOULD COME BACK TO CITY COUNCIL AND THE H RAY FOR ADDITIONAL APPROVALS AND THAT WOULD INCLUDE THINGS LIKE ESTABLISHING A TIFF PLAN THROUGH A PUBLIC HEARING THAT

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WOULD INCLUDE A LAND SALE PUBLIC HEARING AND THEN THE DEVELOPER WOULD ALSO HAVE TO GO THROUGH THE PROCESS OR PROCEDURES OF SUBMITTING THEIR DEVELOPMENT PLANS FOR APPROVAL FOR THEIR PERMITS AND THEN IF

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ALL OF THAT HAPPENS THEN CONSTRUCTION WOULD BE ANTICIPATED TO TAKE PLACE IN THE FALL OF 2027 WITH A COMPLETION IN 2028. AND THE REASON WE'RE COMING TO

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YOU RIGHT NOW IS BECAUSE OF THE APPLICATION DEADLINE AND THE OPPORTUNITY BEFORE US TO HAVE THIS PROJECT WITH AFFORDABLE HOUSING UNITS AND THIS DEADLINE OCCURS REALLY ON

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AN ANNUAL BASIS. SO IF WE MISS IT THIS YEAR THEN IT MEANS WAITING ANOTHER YEAR AND THEN POSSIBLY BEING SUBJECT TO MARKET CHANGES. SO THAT'S THE REASON THAT WE'RE REALLY HERE BEFORE YOU

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TODAY. AND SO WHAT WE'RE ASKING STAFF TODAY ARE NOT STAFF. THE H RAY IS IF YOU ARE SUPPORTIVE OF TIFF FOR THE

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PROJECT AND THEN REALLY IF YOU'RE SUPPORTIVE OF THE $300,000 OF FUNDING TO HELP SUPPORT THE AFFORDABLE RENT AND THEN REPAYMENT OF THAT RIGHT AWAY FINE FOR THE PROPERTY.

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AND WITH THAT I THINK I HAVE REACHED THE POINT OF THE MOTION. SO BEFORE WE GET TO THAT I WOULD BE HAPPY TO ANSWER ANY QUESTIONS YOU HAVE AND THEN I'M HAPPY TO ALSO INVITE THE DEVELOPER UP TO MAKE SOME

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COMMENTS AS WELL. COMMISSIONER WOOTEN SO WHAT WOULD DETERMINE WHETHER LARGER FATHER USE VERSUS OTHER MEANS A CHAIR MILLER COMMISSIONER

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WOOTEN COMMISSIONER SO THAT'S A GREAT QUESTION BECAUSE OF THE TIMELINE THAT WE'RE LOOKING AT AND HAVING A COUPLE OF PROJECTS THAT ARE MOVING FORWARD AT VARIOUS TIMELINES,

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WE WANTED TO ENSURE THAT THERE IS FLEXIBILITY OF USING THIS LARGER RESOURCE OR OTHER POTENTIAL RESOURCES THAT MAY COME TO US AT THE POINT WHERE WE HAVE TO COMMIT THE ASSISTANCE.

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SO IT WOULD BE DETERMINED AT THAT POINT WHERE THE PROJECT RECEIVES A TAX CREDIT AWARD IF THAT HAPPENS AND THEN EVALUATING IF IT MAKES SENSE

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TO USE LARGER OR IF IT MAKES SENSE TO USE IN LIEU FEE THAT WAS PAID BY ANOTHER DEVELOPMENT AND THAT'S CURRENTLY SITS IN OUR TRUST FUND THAT WE COULD UTILIZE IN ITS PLACE.

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SO CAN I JUST ASK A FOLLOW UP QUESTION? YES. SO FOR MY OWN UNDERSTANDING LA HAS BASICALLY USED THE KIND OF GUARANTEE THAT THERE'S NO IMPEDIMENT TO THE PROCESS.

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COMMISSIONER, WOULDN'T THAT IS A CORRECT CHARACTERIZATION. SO THE LAW IS A COMMITMENT TO HELP THE PROJECT AND PROVIDING THE FUNDS THAT WOULD BE REQUIRED WRITE DOWN THAT SALES

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PRICE AND IT ALSO PROVIDES A COMPETITIVENESS TO THE APPLICATION. SO WITHOUT LOCAL FINANCIAL SUPPORT THE PROJECT JUST WOULD NOT SCORE COMPETITIVELY IN THE TAX CREDIT APPLICATION.

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THANK YOU COMMISSIONER. WHO CAME? THANK YOU CHAIR. I THINK THIS IS A GREAT PROJECT TO START OFF WITH. I REALLY LIKE THE ONE THING THAT REALLY STUCK OUT TO ME IS

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THE TURNOUT 30% THE TEN ONE BEDROOMS UP TO 30%. THAT'S A MARKET THAT WE CAN'T HIT OFTEN AND SO THANK YOU FOR BEING CREATIVE WITH THAT. MY ONLY CONCERN AS AN

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ADMINISTRATOR AND KNOWS THAT THIS IS PROBABLY COMING BUT I REALLY NEED AND I'M GOING TO ASK FOR THIS AGAIN IS I'D REALLY LIKE TO SEE A CURRENT SPEND OF LARGER I'VE ALREADY

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PROJECTED SPEND AND WHAT WE'VE COMMITTED ALREADY JUST BECAUSE I KNOW THAT THERE'S A LARGER SOMETHING THAT THEY'RE STATING AS GUARANTEE BUT I DON'T WANT TO SAY ANYTHING IS GUARANTEED

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ANYMORE. I'D LOVE TO SAY THAT WE'LL HAVE THIS MONEY FOR YEARS TO YOU KNOW IN A COUPLE OF YEARS BUT I JUST WANT TO MAKE SURE

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WE HAVE THE FUNDS TO COMMIT TO THAT IF THAT'S UNDERSTANDABLE . I JUST HAVEN'T WE'RE SEEING A WHOLE LOT AND I JUST I CAN'T WRAP AROUND I'M AN ACCOUNTANT SO MY BRAIN IS WHERE ARE WE? WHERE ARE WE WITH THIS IF THAT

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LOOKS GOOD I'M I'M 100% ON BOARD WITH THIS. I JUST WANT TO MAKE SURE WE HAVE THE FUNDS TO COMMIT BEFORE WE COMMIT SOMETHING. YES, COMMISSIONER WHO? HIM. SO WE DO HAVE A COUPLE OF SLIDES WE THOUGHT THAT

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MIGHT BE A QUESTION THEY WERE HIDDEN SO I DON'T KNOW IF I CAN PULL THEM UP MYSELF BUT PERHAPS RYAN YOU'RE ABLE TO DO THAT. YOU KNOW, I IT WOULD BE AT THE END OF THE PRESENTATION

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THERE'S TWO SLIDES THAT ARE CURRENTLY HIDDEN IF I CAN MAKE A COMMENT BUT I'M I'M ENTHRALLED WITH THE FACT THAT THERE ARE BLOOMINGTON COMPANIES INVOLVED WITH THIS

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PROJECT. I, I AM OVER THE MOON EXCITED AND MY HAT GOES OFF TO MR. DOTY FOR HAVING THE FORESIGHT TO BE ABLE TO PARTNER WITH OUR COMPANIES THAT ARE

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IN BLOOMINGTON. SO THANK YOU VERY MUCH FOR THAT. YEAH ONE'S LITERALLY ACROSS THE STREET AND IT'S THE ARCHITECTS YOU KNOW THEY WANT TO DESIGN A NICE BUILDING

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BECAUSE THEY'RE GOING TO HAVE TO LOOK AT IT ALL THE TIME IF IT HAPPENS RIGHT. OKAY. UH, IT'S A ADMINISTRATOR, ABE. DO YOU WANT ME TO SPEAK TO

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THIS OR WOULD YOU LIKE TO OKAY ,SO STAFF HAS A I'M JUST GOING TO CALL IT A SHEET THAT WE USE TO SORT OF TRACK THE DIFFERENT PROJECTS AND

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POTENTIAL USES OF THE FUNDS. SO AS YOU MAY RECALL IN I BELIEVE DECEMBER OF LAST YEAR THE COUNCIL AND THE HRA AND I

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THINK THAT ALSO THE PORT AUTHORITY MET AND HAD SOME CONSIDERATION ABOUT HOW THESE FUNDS WOULD BE UTILIZED AND REALLY THAT WAS A SPLIT OF AFFORDABLE HOMEOWNERSHIP OR AFFORDABLE HOUSING AT FOR

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MULTIFAMILY. AND THEN THERE WAS A RECENT UPDATE FOR SOME RENTAL ASSISTANCE AND SO WE ARE TRACKING THE DIFFERENT PROJECTS BASED UPON THOSE DIFFERENT BUCKETS AND ALIGNING IT WITH WHAT THOSE APPROVALS

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ARE. AND SO THIS SLIDE RIGHT HERE IS THE PROJECTS WHERE THE EXISTING FUNDS ARE CURRENTLY ALLOCATED WITHIN THOSE BUCKETS

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AND SO YOU CAN SEE ON THIS SLIDE THAT THERE IS A PROPOSAL FOR EUDORA APARTMENTS FOR THE 300,000 THAT WE DISCUSSED TODAY AS WELL AS SOME OF THE OTHER PROJECTS OF THE HEIGHTS.

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FOR EXAMPLE. AND THEN PERHAPS IF YOU WANT TO GO TO THE NEXT SLIDE I'LL JUST DETAIL THAT AS WELL AND

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THEN THIS IS LOOKING AT THE SPLIT OF THOSE FUNDS AMONGST THE DIFFERENT PROJECTS AND THE REASON WE'RE TRYING TO LEAVE SOME AMOUNT OF FLEXIBILITY THERE IS UNDERSTANDING THAT

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ALL OF THESE PROJECTS ARE MOVING AT DIFFERENT TIME FRAMES AND THERE MAY BE A BENEFIT OF USING THAT IN LIEU FEE VERSUS THE LARGER.

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SO THERE IS SOME SPENDING TIMELINES THAT ARE REQUIRED WITH LARGE AS WELL THAT WE WANT TO BE MINDFUL OF AND SO STAFF IS TRACKING THAT WITHIN OUR VARIOUS DOCUMENTS TO ENSURE THAT WE'RE SPENDING IT

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IN LINE WITH HOW IT WAS DICTATED VIA THOSE APPROVALS AS WELL AS THE REQUIREMENTS OF THE PROGRAM ITSELF. SO I'M HOPING THAT ANSWERS YOUR QUESTION BUT HAPPY TO

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TAKE ANY OTHER FOLLOWUPS. >> THANK YOU. ADMINISTRATOR ABRAHAM YEAH. CHAIR AND COMMISSIONERS I JUST WANT TO ADD THAT THE REASON WHY THESE ARE LISTED AS UPCOMING PROJECTS AND THEY DON'T HAVE DOLLAR AMOUNTS IS BECAUSE WE ANTICIPATE YOU KNOW, SOME OF THESE MAY COME IN THE FUTURE AND OFTENTIMES

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THE DOLLAR AMOUNTS CHANGE UNTIL WE BRING A FORMAL PROPOSAL TO THE HRA. SO WANT TO ACKNOWLEDGE THAT THERE ARE PROJECTS COMING UP BUT WE DON'T HAVE A DOLLAR AMOUNT NECESSARILY DEDICATED

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TO THAT PROJECT YET SO THAT'S WHY THEY'RE THEY'RE LISTED BUT NO DOLLAR AMOUNT YEAH. OKAY I HAVE A QUESTION. YEAH OKAY SO IF YOU DON'T GET

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THE GRANT FOR THE AWARD FOR THE I FORGET WHAT IT WAS THE LA T H WHATEVER THAT WAS OUR THEN WE DON'T HAVE TO PAY THE MONEY IF WE WOULD VOTE TO

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COMMIT THE MONEY TONIGHT THEN IF YOU DO NOT GET THAT AND CANNOT GO FORWARD WITH THE PROJECT THEN WE ARE NOT OBLIGATED TO THAT MONEY. IS THAT CORRECT? CHAIR MILLER SO THAT'S A GREAT

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QUESTION. SO THE DOCUMENTS THAT WE HAVE DRAFTED FOR APPROVAL BY CITY COUNCIL HAVE SOME OBLIGATIONS THAT ARE TIED TO THEM AND PART

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OF THAT IS THAT THAT AWARD WOULD NEED TO HAPPEN SO THE TAX CREDIT AWARD WOULD NEED TO HAPPEN AND THEN WE WOULD HAVE TO DETERMINE THAT THE PROJECT IS VIABLE WITH THAT AWARD

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IN ORDER TO PROCEED. SO THE RESOLUTION OF SUPPORT AS WELL IS THE LETTER OF INTENT FOR THE PROPERTY CONTEMPLATE IT THAT TO ENSURE THAT IT IS CONTINGENT ON THE

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AWARD OF THE LOW INCOME HOUSING TAX CREDITS. OKAY. COMMISSIONER WOOTEN I LIKE THAT BUT I'M I'M AN ETERNAL OPTIMIST IN THE EVENT WE DON'T

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GET THOSE DOLLARS IS ANY WAY TO MAKE THIS PROJECT HAPPEN BECAUSE IT IS A GOOD PROJECT FOR THAT AREA AND THE SPIRIT OF WHAT WE'RE TRYING TO ACCOMPLISH SO I'M NOT WILLING

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TO THROW THE BABY OUT WITH THE BATHWATER. CHAIR MILLER COMMISSIONER WOOTEN IT WOULD BE CHALLENGING AND MAYBE WE'LL LET THE DEVELOPER SPEAK TO THAT HERE IN JUST A COUPLE OF MINUTES

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BUT IT WOULD BE CHALLENGING WITHOUT THE TAX CREDIT AWARD SO THAT PROVIDES A SIGNIFICANT AMOUNT OF THE FINANCING REQUIRED FOR THE PROJECT. UH THERE IS A POSSIBILITY THAT

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MINNESOTA HOUSING WHEN MAKING THAT AWARD EVALUATES DIFFERENT RESOURCES. SO WE DID INCORPORATE THAT INTO THE THE RESOLUTION AND THE LETTER OF INTENT BUT IT

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WOULD HAVE TO ALIGN WITH THE INTENT OF WHAT THAT APPLICATION WAS FOR THOSE FUNDS. SO TRYING TO PRESERVE SOME OF THAT FLEXIBILITY BUT REALIZING THAT IT DOES TAKE A SIGNIFICANT INVESTMENT WITH

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THAT AWARD IN ORDER FOR THE PROJECT TO BE FEASIBLE. OKAY, COMMISSIONER WHO CAME? THANK YOU CHAIR WELL ONE OTHER QUESTION THAT I WHEN I WAS LOOKING AT THIS ORIGINALLY AND

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THERE WAS KIND OF A DIAGRAM OF THE LOCATION GREEN SPACE IS ALWAYS A CONCERN ESPECIALLY IN THAT AREA. IT'S A VERY HIGH DENSITY AREA. I NOTICED LIKE THE OUTLINE FOR

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THE BUILDING AND THEN THERE'S I KNOW THERE'S SOME GREEN SPACE BEHIND THERE AND I DO I DID SEE THERE WAS A PLAYGROUND AND A DOG RUN BUT I'M NOT UNDERSTANDING WHO OWNS THAT

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LITTLE BIT OF SPACE THAT'S NOT HIGHLIGHTED BECAUSE THAT HAS SOME NICE TREES. IT HAS SOME SO IS THAT A IS IS THAT PART OF THIS PROPERTY OR IS THAT I JUST THINK

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CLARIFICATION ON THAT. AND IF IT'S NOT, IS THERE A WAY IT CAN BE SOLD TO KEEP THAT EXTRA GREEN SPACE FOR PEOPLE? UH COMMISSIONER WHO HIM SO THE PROPERTY TO THE SOUTH AND HERE

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IT MIGHT MAKE SENSE TO JUST PULL IT UP I THINK IT WAS THE SECOND SLIDE. UM YES SO THIS IMAGE IS IS

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FLIPPED SO THE PROPERTY JUST NORTH OF THE ONE IN QUESTION THAT WE'RE DISCUSSING TONIGHT THAT IS UH, OWNED BY ANOTHER ENTITY I KNOW THE DEVELOPER

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HAS BEEN IN CONVERSATIONS WITH THAT ENTITY AND I THINK THERE MIGHT BE AN OPPORTUNITY THERE BUT I THINK IT WOULD BE LIKELY TO BE EXPENSIVE. THE DEVELOPER DOES HAVE A

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PLAYGROUND INCORPORATED INTO THE DEVELOPMENT PLANS AND THEN SMITH PARK IS NOT TOO FAR AWAY. UM SO IT WOULD BE REALLY A NEGOTIATION BETWEEN THOSE TWO PRIVATE PARTIES IN ORDER TO

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SECURE THAT ADDITIONAL SPACE AND I WOULD EXPECT IT WOULD BE EXPENSIVE. AND SO WITH THE PROJECT FEASIBILITY IT MAY CREATE SOME CHALLENGES BUT I THINK THE DEVELOPER CAN SPEAK TO THAT.

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>> THANK YOU. COULD WE LOOK AT THE SLIDE WITH THE RENDERING OF THE GREEN SPACE FOR THE DEVELOPMENT THE NEXT ONE DOWN AND SAID WE'RE GOING TO FILE

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DOWN OKAY SO A PATIO PLAYGROUND AND THIS WOULD BE INCLUDED WITH THE DEVELOPMENT THE GREEN SPACE THAT'S MARKED ON HERE.

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OKAY. IT'S A NICE AND IF IT'S HELPFUL FOR CONTEXT THIS IS A PRETTY CONSTRAINED SITE AND SO THAT DOES CREATE SOME

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CHALLENGES. IT IS A LITTLE BIT MORE OF AN URBAN CHARACTER JUST GIVEN THAT LOCATION AND AND WITH THAT BEING THE CASE FITTING THE NUMBER OF UNITS ON THE

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SITE AND PROVIDING THOSE AFFORDABLE UNITS DOES NECESSITATE HAVING THIS LEVEL OF DENSITY IN ORDER TO ACHIEVE THAT. UM AND UH I THINK I'LL PAUSE

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THERE AND THEN IF THE DEVELOPER HAS ANY OTHER COMMENTS THAT HE WOULD LIKE TO SHARE HE CAN CERTAINLY DO THAT. I HAVE A COUPLE QUESTIONS. YES, BECAUSE THE DEVELOPMENT ITSELF SO I PROBABLY I HAVE YEAH.

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THANK YOU. IF I'M LOOKING AT THAT SITE AND MY MEMORY SERVES ME THAT'S RIGHT OVER THE AIRLINE OR FLIGHT PATH FOR AIRPLANES COMING IN AND OUT AND SO SO MY

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QUESTION IS WHAT ARE YOU GOING TO DO TO TO ADDRESS THAT FOR SOUND FOR SOUND ABATEMENT? DO YOU WANT ME TO ADDRESS IT? QUICK, QUICK.

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UH, COMMISSIONER WOOTEN SO THIS BUILDING IS UNDER THE FLIGHT PATH FOR WHAT'S KNOWN AS THE CROSS WHEN RUNWAY IT'S VERY INFREQUENTLY USED AND THE

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REASON FOR THAT IS IT'S REALLY ONLY USED FOR VERY LARGE AIRCRAFT. SORRY, I'M AN AVIATION GEEK SO I KNOW A LITTLE BIT MORE DETAILS HERE. SO THE PRIMARY RUNWAYS DO NOT

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ACTUALLY HAVE FLIGHT PATHS OVER THIS. IT'S PRETTY MINIMAL I THINK IN THE 90S THAT USED TO BE MORE COMMON WHEN YOU HAD LARGER 740 SEVEN'S TAKING OFF

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AND USING IT AT THIS POINT IT LIKELY WOULD NOT HAVE AS MUCH OF AN IMPACT GIVEN THE RUNWAY OPERATIONS BUT ON OCCASION THERE WOULD BE SOME NOISE IMPACTS. >> I'M THINKING ABOUT NOISE AND ALSO VIBRATION OF A

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BUILDING. >> OH SURE AND I DON'T KNOW IF I HAVE A GREAT RESPONSE TO THAT TONIGHT. MAYBE THE DEVELOPER CAN SPEAK TO THAT BUT IT'S MY UNDERSTANDING MOST OF THE

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FLIGHT PATHS ARE STILL A WAYS AWAY AND I DO KNOW THAT THERE ARE SUBSTANTIAL AMOUNTS OF HOUSING DEVELOPMENT FOR EXAMPLE IN RICHFIELD THAT IS SUBSTANTIALLY CLOSER AND WE WOULD BE HAPPY TO RESEARCH IF

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THEY HAVE ADDITIONAL NOISE ABATEMENT RELATED TO THOSE DEVELOPMENTS. BUT I DO KNOW THAT THIS IS NOT IMPACTED LIKE THOSE PROPERTIES WOULD BE AND ALSO LOOK AT, YOU KNOW, OPPORTUNITY TO BE ABLE TO BRING IN ADDITIONAL FUNDS FOR THE CONSTRUCTION SO THAT

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YOU KNOW WE'RE WE'RE YOU SOUND LIKE WE'RE IMPROVING THE QUALITY SO YOU KNOW THE CELL FOR THAT WOULD BE NICE IF THERE'S AN OPPORTUNITY TO THAT YEAH CERTAINLY WE CAN DEFINITELY EVALUATE IF THERE ARE ANY MAC PROGRAMS AND IF IT

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FALLS WITHIN THAT AREA. THANK YOU. THANK YOU. THANK YOU. GIVE THEM THE EVENING.

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SO AS KEVIN STATED MY NAME IS JOHNNY OPERA PRESIDENT CEO JILL COMPANIES AND WE DO APPRECIATE YOUR SUPPORT. I CALL SOME OF OUR AVE AND

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ADMINISTRATOR RATING SO I THINK WE SAW THAT SO EACH OF THE LAST THAT THE CITY OF BROOKLYN PARK SO WE ARE EXCITED ABOUT ADORE APARTMENTS THE ADAORA AND YOU KNOW THE

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CITY OF BLOOMINGTON AS I MENTIONED TO THE COUNCIL MEMBERS LAST WEEK I USED TO WORK IN BLOOMINGTON ALMOST 25 YEARS AGO AT THE MALL OF AMERICA WHEN I WAS IN COLLEGE.

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SO I WOULD BUS FROM AUGSBURG UNIVERSITY IN RIVERSIDE TO THE MALL AMERICAN WORK AND SO FOR MANY YEARS I'VE ALWAYS HAD

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ASPIRATIONS SINCE WE STARTED OUR COMPANY IN 2018 TO DO SOMETHING SPECIAL IN THE CITY OF BLOOMINGTON AND AS YOU MENTIONED COMMISSIONER

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WOOTTON, OUR TEAM FROM OUR PROPERTY MANAGEMENT COMPANY HP YOUR COMPANY IS DOING CONSTRUCTION AND CASPERSON IN OUR BLOOMINGTON BASE COMPANIES WE'RE ACTUALLY BASED IN ST PAUL.

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WE ARE WE SPECIALIZE IN DELIVERING HIGH QUALITY AFFORDABLE HOUSING RIGHT? AND THE REASON WHY I SAY HIGH QUALITY IS BECAUSE WE WANT TO MAKE SURE THAT FOLKS THAT HAVE

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RANGE IN INCOMES THAT ARE NOT POSITIONED TO LIVE IN A MARKET RATE OR ARE NOT IN A POSITION TO PURCHASE THEIR FIRST HOME STILL CAN LIVE SOMEWHERE WITH DIGNITY AND I'VE ALWAYS SAID

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THIS AND I WILL CONTINUE TO SAY THIS IF I CAN'T LIVE THERE THAT I DON'T WANT TO BE A PART OF IT. IT'S REALLY SIMPLE. IT'S PRETTY BLACK AND WHITE SO YOU KNOW WHEN I LOOK AT A PROJECT LIKE THE ADAORA I SEE A LOT OF POTENTIAL, A LOT

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OF OPPORTUNITY APPLY THIS SITE WHERE WE'RE GOING TO INVEST $30 MILLION INTO THIS COMMUNITY TO DELIVER 52 HOMES

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1 TO 3 AND FOUR BEDROOMS, DELIVER A INDOOR TOT LOT A PARK OR EVEN ON SITES THE GREENSPACE IS TO MAKE SURE THAT THIS IS A SITE THAT WHEN YOU DRIVE BY YOU STOP

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IN AMAZING TO SAY WHAT IS THIS YOU KNOW I WANT I WANT TO KNOW MORE ABOUT THAT AND THERE'S A CONSISTENCY BETWEEN ALL OF OUR PROJECTS FROM THE HOLLOWS TO WINGS TO COMMONS AND BROOKLYN CENTER TO PENN STATION CURRENTLY WHICH WILL BE

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IN THIS UNDER CONSTRUCTION. THE CONSISTENCY IS NOT ONLY THE QUALITY BUT ALSO THE LEVEL OF DETAIL WE REALLY PRIDE OURSELVES IN MAKING SURE THAT COULD WE ENVISION OURSELVES LIVING AT THE DEVELOPMENT

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RIGHT IN TERMS OF MAKING SURE THAT THE SQUARE FOOTAGE IS OR MODEST THAT THE FOUR BEDROOMS OR PUT WITH TWO BATHROOMS, WASHERS AND DRYERS IN EVERY UNITS BALCONIES AND

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UNDERGROUND PARKING EVEN CHARGING STATIONS, SOLAR PANELS MAKING SURE THERE WERE SUSTAINABLE THIS ISN'T A BOX WITH WINDOWS I'M NOT IN THE BUSINESS TO YOU KNOW WALK AWAY YOU KNOW WE'RE LONG TERM

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OWNERS AND OPERATORS SO WE ARE COMMITTED TO MAKING SURE THAT WE CAN ONLY BE STEWARDS IN THE COMMUNITY BUT ALSO SERVE THE COMMUNITY BY LISTENING. AND AS KEVIN ELOQUENTLY SAID, WE ALREADY HAD OUR FIRST

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COMMUNICATION MEETING LAST WEEK ON THURSDAY AND WE'RE HAVING A SECOND THIS THURSDAY. RIGHT. AND I THINK IT'S IMPORTANT THAT FOLKS WHO LIVE IN A COMMUNITY EXPRESS BOTH YOU

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KNOW, WHY THEY WOULD SUPPORT THIS DEVELOPER BUT ALSO WHY THEY WOULD NOT SUPPORT THIS DEVELOPMENT. AS YOU KNOW, BEING A DEVELOPER IS ONE OF THE EASIEST JOBS IN THE WORLD BUT AT THE END

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OF THE DAY, YOU KNOW, WE WE GET A LOT OF INFORMATION IN THOSE MEETINGS. FOR EXAMPLE, WHEN WE HAD OUR COMMUNICATION MEETING WITH THE CITY OF RICHFIELD THE NEAREST

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PARK IS 2 TO 3 MILES AWAY. RIGHT? SO WHAT DO WE DO? WE DO DUE DILIGENCE AND WE INVESTED INTO AN INDOOR TOP

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LINE THAT'S TWO STORIES, RIGHT TO MAKE SURE THAT WE WE LISTENED, WE HEARD THEM AND THAT WE WANTED TO MAKE SURE THOSE FAMILIES SORT OF STAYED IN THE THREE AND FOUR BEDROOM UNITS THOSE KIDS ESPECIALLY DURING THE WINTER MONTHS HAVE

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A PLACE WHERE THEY CAN KIND OF BURN OFF THEIR ENERGY AT THREE KIDS NINE, SEVEN AND ONE AND THEY STILL DRIVE ME CRAZY SO IN A GOOD WAY. SO MY POINT IS THAT WE WANTED TO MAKE SURE THAT WE LISTENED

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FIRST AND REACT SECOND. SO WE'RE HOPING TO DO THAT WITH THEODORA. YOU KNOW IT'S TRULY IN TERMS OF A SITE THAT INFILL DEVELOPMENT RIGHT ON TRANSIT

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NOT TOO FAR FROM WALMART ACCESS TO THE HIGHWAY THE MALL OF AMERICA IS RIGHT THERE OF THE AIRPORT. I MEAN YOU THINK OF ALL THE FOLKS THAT COULD POTENTIALLY LIVE THERE FROM POLICE OFFICERS, THE TEACHERS, THE SENIORS, THE FOLKS THAT ARE

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WORKING AT, YOU KNOW, HOURLY JOBS. YOU KNOW, WE'RE THINKING ABOUT ALL THESE DIFFERENT THINGS IN TERMS OF AMAZON MAKING SURE THAT WE CAN DELIVER SOMETHING THAT YOU KNOW, ONE THEY CAN BE PROUD OF AND MOST IMPORTANTLY THE COMMUNITY IN BE PROUD OF.

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SO AT THE END OF THE DAY I JUST YOU KNOW ONE APPRECIATES YOU IN ANY DETAILED QUESTIONS SURROUNDING THE PROCESS WITH MINNESOTA HOUSING IN TERMS OF YOU KNOW HOW THAT PROCESS

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WORKS SO ANY SPECIFIC QUESTIONS, SIR? >> OKAY. I JUST HAVE ONE OUT OF CURIOSITY WHEN IT WAS

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STATED THAT YOU APPROACHED THE CITY. YES. FOR THIS. SO HOW DID THAT COME ABOUT THAT YOU SAW HEY, LOOK AT THIS LAND. >> SO YOU KNOW, I SO MY

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BACKGROUND HAS BEEN IN THE PEOPLE BUSINESS FOR ALMOST 25 YEARS. RIGHT? SO AS A DEVELOPER NATURALLY, YOU KNOW YOU HAVE ASPIRATIONS AND SOMEHOW YOU GROW YOUR COMPANY, RIGHT?

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SO BACK IN 2018, YOU KNOW, WE WOULD YOU KNOW, LOOK AT CITIES THAT WE COULD SEE AND ENVISION, YOU KNOW, DEVELOPING IN AND ONE OF THOSE CITIES WAS THE CITY OF BLOOMINGTON. SO THERE WAS AN OPPORTUNITY

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THAT PRESENTED ITSELF AT 700 AMERICAN BOULEVARD COMMISSIONER AND TO KEVIN'S POINT, WE DID COME UP YOU KNOW, SECOND IN THAT RFP ROUND . AND SO YOU KNOW, WE TRULY ARE

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AN INFILL DEVELOPMENT COMPANY. WE TRY TO FIND AREAS WHERE THE PROXIMITY TO RETAIL, THE PROXIMITY TO YOU KNOW, EMPLOYMENT TO JOBS PROXIMITY TO HIGHWAYS GROCERY JUST THE

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LIVE WORK AND PLAY MODEL, RIGHT? AND THOSE ARE THE THOSE ARE THE CHARACTERISTICS THAT WE LOOK AT WHEN WE ARE CHOOSING A SELECTING SITE. SO THE CITY OF LOUIS AS I MENTIONED EARLIER HAS ALWAYS

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BEEN A PLACE WHERE I ENVISIONED YOU KNOW, INVESTING IN BUT ALSO SPENDING TIME IN AND SEEING IF WE CAN DO SOMETHING SPECIAL SO WE HAVE AN OPPORTUNITY RIGHT NOW.

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AND I THINK YOU KNOW, TO KEVIN'S POINT TWO LINE NINTH IS THE APPLICATION THE SUBMISSION DATE FOR MINNESOTA HOUSING AND YOU KNOW THE FUNDS THEY TALKED ABOUT THE LARGER

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FUNDS EVERYTHING TO TIFF MINNESOTA HOUSING THERE'S THERE'S THINGS THAT THEY LOOK AT IN TERMS OF GOING THROUGH THE APPLICATION PROCESS AND SAYING HEY THIS IS PROJECT

191
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MERITS ARE AN OPPORTUNITY FOR US TO INVEST IN RIGHT? SO EVERYTHING FROM A FEASIBILITY TO ADDED VALUE BRINGS TO THE COMMUNITY BUT ALSO SCORING. SO THE METRICS THAT THEY'RE

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00:39:13.784 --> 00:39:25.496
LOOKING AT SPECIFICALLY TO THIS HRA MEETING TODAY IS THE FINANCIAL READINESS SO THAT FINANCIAL READINESS WOULD MEAN OKAY SO THE CITY OF BLOOMINGTON YES THEY LIKE THIS PROJECT BUT DO THEY

193
00:39:25.496 --> 00:39:36.840
REALLY LIKE THIS? ARE THEY WANT TO INVEST IN THIS PROJECT? RIGHT. SO WHEN THEY SEE EVERYTHING FROM THE LAND SALE, THE TIFF, THE LARGER FUNDS THAT SUPPORTS IN INCREASES OUR COMPETITIVE

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NESS IN TERMS OF THE APPLICATION IN REGARDS TO OTHER APPLICATIONS RIGHT. SO THAT PROCESS ALL IS PART OF THE FORMULA IN ORDER FOR US TO MOVE FORWARD AND TO

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COMMISSIONER ONE'S POINT EARLIER, LET'S SAY FOR EXAMPLE WE DON'T GET THE TAX CREDIT AWARD RIGHT? WELL THEN THERE'S AN OPPORTUNITY FOR US TO APPLY THE FOLLOWING YEAR. SO THIS IS AN ANNUAL PROCESS.

196
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YOU KNOW, PENN STATION WAS A UNIQUE SITUATION WHERE WE ACTUALLY GOT THE AWARD THE SAME YEAR WHICH IS EXTREMELY RARE WINKS OF COMMENTS WE GOT THE AWARD AFTER ONE YEAR

197
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OF PRIOR TO THE SECOND YEAR RIGHT. SO YOU KNOW THESE ARE YOU KNOW YOU GO IN HOPING THAT YOU CAN DELIVER SOMETHING THAT'S YOU KNOW UNIQUE SPECIAL AND SOMETHING THAT'S GOING TO

198
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REALLY DELIVER YOU KNOW WHAT YOU WANT WHICH IS A HIGH QUALITY, YOU KNOW, DEVELOPMENT IN THE COMMUNITY BUT YOU JUST NEVER KNOW SOMETIMES. BUT I JUST WANT TO LET YOU KNOW THAT IF FOR ANY REASON DOESN'T HAPPEN THIS YEAR THERE IS A POSSIBILITY IT COULD

199
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HAPPEN THE FOLLOWING YEAR. THANK YOU. THANK YOU. SO I THINK WE'RE READY TO YEAH

200
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,GET THE MOTION BACK UP AND TAKE A VOTE . ALL RIGHT. SO I'M LOOKING FOR A MOTION TO APPROVE A RESOLUTION

201
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OF SUPPORT FOR FINANCIAL ASSISTANCE AND AUTHORIZING STAFF TO NEGOTIATE ASSOCIATED AGREEMENTS. I MOVE TO APPROVE MOVE BY COMMISSIONER WOOTEN SECOND

202
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SECOND BY COMMISSIONER WHO CAME ALL IN FAVOR I MOTION PASSES 4 TO 0. ALL RIGHT.

203
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NEXT ITEM OF BUSINESS IS 5.2 DOWN PAYMENT ASSISTANCE AGREEMENT WITH HABITAT FOR HUMANITY. MAY WE HAVE THE STAFF REPORT?

204
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YES. GOOD EVENING, CHAIR AND COMMISSIONERS SARAH HERE ADMINISTRATOR I'LL BE PRESENTING ON THIS ITEM SOME BACKGROUND. THIS WAS THE ITEM THAT WE JUST

205
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DISCUSSED IN RELATION TO THE MINUTES AND ADDING SOME MORE SPECIFIC INFORMATION ABOUT THE CONVERSATION THAT HAPPENED TWO WEEKS AGO THIS IS RELATING TO A PROJECT THAT'S BEEN IN THE WORKS SINCE 2023 OR UNDER

206
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DISCUSSION SINCE DECEMBER OF 2023 AND SO THE DISCUSSION LAST OR LAST MEETING AS NOTED WAS AROUND THE THE FOCUS OF THE AGREEMENT AND SOME OF THE FEDERAL COMPLIANCE

207
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ISSUES. AND SO WE'RE BRINGING THIS BACK. IT WAS TABLED AT THAT MEETING AND SO THE DISCUSSION TONIGHT IS TO CONSIDER IF THE BOARD WOULD LIKE TO APPROVE. SO FOR THE PRESENTATION I KEPT IT FAIRLY SHORT. I DIDN'T GO TOO MUCH INTO

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EXPLAINING THE DIFFERENCES AND I'M HAPPY TO HAVE THAT DISCUSSION OR YOU KNOW, RESOLVE SOME OF THOSE QUESTIONS AGAIN. BUT FOR THIS PRESENTATION I JUST TALKED ABOUT SOME OF THE SIMILARITIES AS THE BOARD WAS INTERESTED IN SOME OF THE

209
00:42:28.212 --> 00:42:39.123
PARALLELS BETWEEN THE ORIGINAL MOU AND THE CURRENT ITERATION OF THE PROPOSED CONTRACT. SO I'M JUST WAITING FOR THE SLIDES TO COPY. OKAY.

210
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SOUNDS LIKE WE'RE HAVING SOME TECH ISSUES SO I WILL DO MY BEST TO DO AN OVERVIEW FROM MEMORY AND THEN I CAN FILL IN ANY GAPS WHEN WE GET THE

211
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SLIDES BACK UP. SO IN TERMS OF THE PARALLELS BETWEEN THE THE REQUIREMENTS OF THE ORIGINAL MOU MEMORANDUM OF UNDERSTANDING UNDERSTANDING

212
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AND THE CURRENT PROPOSED CONTRACT, A LOT OF THE TERMS DID STAY THE SAME. SO THE ROLES OF BOTH PARTIES WERE SPELLED OUT IN THAT MOU.

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SO FOR EXAMPLE THE HRA SOME OF THE RESPONSIBILITY IS THE HRA AROUND PROGRAM PROMOTION PROVIDING REFERRALS TO THAT PROGRAM. OH GOOD AND ADDITIONAL

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OUTREACH AND THEN THE RESPONSIBILITIES OF HABITAT WERE TO ESSENTIALLY TO MANAGE THE PROGRAM TO PROCESS APPLICATIONS TO DO THEIR OWN OUTREACH TO PROVIDE ANNUAL

215
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REPORTING TO THE HRA. GREAT. YES. HERE'S THE BACKGROUND HERE WE GO AND PROVIDE SOME ADDITIONAL HOMEBUYER EDUCATION AS PART

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OF THIS PROGRAM AND THEN THE THE DOLLAR AMOUNT NOTED IN THE MOU IS THE SAME AS WHAT'S IN THE CURRENT CONTRACT WHICH IS THAT FIVE YEAR TERM MAXIMUM AMOUNT OF 250,000 PER YEAR.

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THE CONTRACT DOES FORMALIZE A LOT OF THIS LANGUAGE AND IT INCLUDES THE ABILITY FOR THE HRA TO TERMINATE THE AGREEMENT AT ANY TIME. IT ALSO INCLUDES REQUIREMENTS FOR ANNUAL REPORTING TO COME

218
00:44:08.945 --> 00:44:20.524
BEFORE THE BOARD WITH HABITAT AND THEN SOME OF THE THINGS THAT THE CONTRACT SPELLS OUT A LITTLE BIT MORE CLEARLY THAN THE MOU DID ARE ESPECIALLY AROUND PAYMENT STRUCTURE. SO THIS FORMALLY IDENTIFIES A

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FUNDING SOURCE FOR THE PROGRAM WHICH IS LOCAL AFFORDABLE HOUSING AID OR LARGER DOLLARS . IT SPELLS OUT THE FUNDING FLOW SO IT WOULD ALLOW US TO ISSUE THAT FIRST ANNUAL PAYMENT TO

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HABITAT UPON EXECUTION AND THEN RELEASE FUTURE INSTALLMENTS NOT MORE THAN ANNUALLY BUT ONCE HABITAT SUBMITS EVIDENCE OF QUALIFYING EXPENDITURES AND THEN INCLUDES

221
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SOME CLARITY AROUND AN ADMIN FEE WHICH WAS NOT IDENTIFIED IN THE MOU. SO THIS SPELLS OUT WHAT THEY'RE ELIGIBLE FOR IN TERMS OF ADMIN AND SETS A CAP AND THEN THE REPORTING REQUIREMENTS. SO THIS INCLUDES THAT IN A

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REPORTING STRUCTURE AND HAS SOME SPECIFICS IN TERMS OF NEEDING TO PROVIDE EXECUTED PURCHASE AGREEMENT AND THEN SOME INFORMATION ABOUT THE HOUSEHOLDS THAT ARE BEING SERVED THROUGH THESE PROGRAMS

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IN COME THE ASSISTANCE AND THE PURCHASE PRICE OF THE PROPERTY AND THAT'S THAT'S IT FOR THE PRESENTATION JUST NEXT STEPS IF APPROVED STAFF AND HABITAT

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WOULD EXECUTE THE CONTRACT WE AND THEN WE WOULD MOVE FORWARD TO ISSUE THAT PAYMENT AND THEN CONTINUE FORWARD WITH THE ANNUAL REPORTING STRUCTURE.

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AND HERE'S THE MOTION HAPPY TO ANSWER ANY QUESTIONS QUESTIONS . I HAVE A QUESTION ABOUT THE REPORTING. YES. IS IT JUST ANNUALLY OR CAN WE ADJUST HAD TO BE BIANNUALLY? YES.

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CHAIR COMMISSIONERS WE COULD WE COULD ADD MORE FREQUENT REPORTING REQUIREMENTS. WELL I WOULD LIKE TO MOVE THAT . OKAY.

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OTHER QUESTIONS? OKAY. READY TO GO AHEAD WITH THE MOTION I AM TO SO SO I NEED A MOTION TO AUTHORIZE A DOWN

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PAYMENT ASSISTANCE AND SERVICES AGREEMENT BETWEEN TWIN CITIES HABITAT FOR HUMANITY LENDING AND THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY

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OF BLOOMINGTON AND RELATED ALLOCATION OF FUNDS I LIVE BY COMMISSIONER ROBERTSON SECOND AND SECOND BY COMMISSIONER

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WOOTEN ALL IN FAVOR I MOTION PASSES 4 TO 0. >> THAT'S JUST A QUICK CLARIFYING QUESTION ON THE REPORTING WOULD YOU WANT HABITAT TO COME PRESENT BIANNUALLY TO THE BOARD OR IS

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A JUST A WRITTEN REPORT APPROPRIATE? YEAH, BUT IF I CAN HAVE THAT I WOULD REALLY LIKE IT. OKAY. OKAY. THE MOTION FOR THAT TO KNOW

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I'LL NOTE IT IN THE CONTRACT AGREEMENT. YES. OKAY. THANK YOU VERY MUCH. GREAT. ALL RIGHT. ARE YOU UP HERE FOR THE NEXT ITEM? 5.3 WHICH IS 2720 WEST 108TH STREET MEETING.

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OH, THERE'S MIKE. MAYBE WE HAVE THE STAFF REPORT . THANK YOU. CHAIRS AND COMMISSIONERS.

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YEAH, I WOULD HAVE GLADLY LET SARA THAT I'M HERE TO PRESENT ON 2720 WEST 283 AND SOMETIMES WE CALL IT THE MINT HOUSE AND THERE'S A LITTLE SIGN IN THE

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HOUSE THAT'S IN THE MENTAL SO WE DIDN'T NAME IT THAT WAY BUT YOU'LL SEE WHY IN THE PHOTOS THE MINUTE SO TO BRING YOU UP

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TO SPEED SOME OF YOU MIGHT REMEMBER THIS IN THE VERY END OF 2023 IT WAS DECEMBER I THINK 29 THE VERY END OF WE PURCHASED THE HOUSE AT 2720

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WEST 108TH STREET. WE HAD SOME CLOSE SESSIONS TO TALK ABOUT SOME OF THE KNOWN ISSUES OF THE HOUSE. ULTIMATELY WE SETTLED ON A PURCHASE PRICE OF 232,500 AND

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THE INTENTION AT THE TIME WAS TO INCLUDE THIS IN OUR RENTAL HOMES FOR FUTURE HOMEBUYERS PROGRAM. WE KNEW GOING INTO IT THAT THERE WERE SOME ISSUES IDENTIFIED WITH THE SUPPORT

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BEAM IN THE BASEMENT AND THEN WE HAD A STRUCTURAL ENGINEER DO A REPORT ON THAT AND THEY ESTIMATED THOSE REPAIRS AT ABOUT $10,000. WE ALSO KNEW THAT THE

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ELECTRICAL PANEL IS 60 AMPS WHICH IS ON THE LOWER SIDE THAT WE'D LIKELY WANT TO UPDATE THAT JUST GIVEN TODAY'S MODERN DEMANDS ON ELECTRICITY. SO KNOWING THAT WE KIND

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OF NEGOTIATED THE PRICE DOWN A LITTLE BIT BUT LIKE I SAID, WE HAD THESE KNOWN ISSUES THAT WERE CALLED OUT IN OUR TIME

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OF SALE REPORT AND SO IN 2024 WE STARTED TO MOVE FORWARD WITH ADDRESSING THOSE ISSUES AND SOLICITING SOME BIDS ON WHAT THAT COST WOULD BE. THE INITIAL BID ON THE BEAM WITH THE DESIGN THAT WE HAD

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THE STRUCTURAL ENGINEER KIND OF COME UP WITH THE SOLUTION ENDED UP BEING CLOSER TO $25,000 AND AT THAT TIME THE ONE OF THE BIDDERS POINTED OUT

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THERE ARE SOME ISSUES THAT YOU MIGHT WANT TO LOOK INTO WITH THE FOUNDATION THAT WE ARE SEEING THAT WAS PREVIOUSLY MISSED. SO AT THAT TIME WE THEN STARTED TO SOLICIT BIDS ON REPAIRING THE FOUNDATION AND

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WE ACTUALLY HAD QUITE A RANGE OF BIDS THAT CAME IN AND WE'RE NOT EXPERTS ON THIS. SO EVENTUALLY WE WE CALLED IN OUR CITY BUILDING OFFICIALS WHO ALSO GIVE KIND OF A

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NEUTRAL THIRD PARTY REVIEW OF IT AND SHE SHE POINTED OUT THAT YES, THERE ARE SOME SIGNIFICANT ISSUES WITH THE FOUNDATION THAT NEED TO BE REPAIRED AND LIKELY THE HIGHER BIDS ARE MORE ACCURATE THAN

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THE LOWER BIDS THAT WE WERE. WE'RE SEEING ONE OF THE THINGS THAT WE HAD TALKED ABOUT OFF AND ON AND DURING THE NEGOTIATION PRIOR TO PURCHASING THE PROPERTY WAS

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ADDING A THIRD BEDROOM. ON THE ONE HAND IT SERVICES SOME OF OUR HOUSEHOLDS THAT HAVE OUR SMALLER TWO FAMILY HOUSEHOLDS. YOU KNOW, THINKING OF OUR ALL THINGS HOUSING REPORT WE DO HAVE A LOT OF THOSE KIND

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OF DUAL HOUSEHOLDS ARE SINGLE HOUSEHOLDS AND OUR CURRENT PORTFOLIO TENDS TO BE 3 OR 4 BEDROOMS A LARGER UNITS AND SO THIS HOUSE WOULD MEET THOSE

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NEEDS AND THE OTHER HAND WE DO TYPICALLY SEE A LOT OF FAMILIES THAT ARE MORE LIKELY TO BE INCOME QUALIFIED SO HAVING A THIRD BEDROOM WOULD BE ADD THAT FLEXIBILITY . SO I'M JUST POINTING THAT OUT

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THERE AS WE GET INTO THE NEXT SLIDE WHICH TALKS A LITTLE BIT MORE ABOUT THE COSTS THAT WE ARE IDENTIFYING FOR THIS PROPERTY. SO LIKE WE HAD POINTED OUT THE BEAM THE ESTIMATE WE HAVE IS

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ABOUT 25,000 THE FOUNDATION LIKE I SAID WE HAD QUITE A RANGE SO 45 WOULD BE MAYBE ON THE LOW END. 70 IS PROBABLY MORE ACCURATE IF WHAT WE'RE HEARING FROM OUR

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BUILDING OFFICIAL AND THEN THERE'S JUST OTHER NECESSARY UPDATES THAT WE'LL NEED TO DO TO MAKE IT READY FOR THE PROGRAM. TYPICALLY WE PUT SOME MONEY IN WHEN WE'RE FLIPPING A HOUSE IN BETWEEN USERS SO WE HAVE

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SOME OF THAT WORK AS WELL. SO ABOUT $20,000 ON THE LOW END OR $80,000 IF WE DO SOME MORE SIGNIFICANT UPDATES AND THEN IF WE DO WANT TO ADD A BEDROOM THAT 50,000 COMES

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IN THERE SO YOU CAN SEE THE QUITE A QUITE A RANGE THAT WE COULD HAVE FOR THIS POTENTIAL PROJECT AND WE'VE REALLY COME UP WITH TWO OPTIONS THAT WE

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HAVE TAKEN OUR TIME AND GONE THROUGH THE BIDS OF WHAT WE CAN DO WITH THIS PROPERTY OPTION ONE WOULD BE TO DEMOLISH THE PROPERTY KNOWING THAT THERE ARE SOME SIGNIFICANT ISSUES THAT NEED TO BE ADDRESSED. WE COULD USE COMMUNITY

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DEVELOPMENT BLOCK GRANT FUNDING FOR THAT. WE HAVE ACQUISITION DEMOLITION AS ONE OF OUR ACTIVITIES IN THE ACTION PLAN THIS YEAR SO THAT WOULD FUND THAT AND THAT'S ESTIMATED ABOUT 20 TO

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$30,000 AND WE'VE DONE THIS WITH OTHER PROPERTIES IN THE PAST AND AS YOU'VE SEEN WITH THE BLOOMINGTON AFFORDABLE HOMEOWNERSHIP PROGRAM WE FIND OPPORTUNITIES TO PARTNER WITH DEVELOPERS OR 9030 PARK

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ANOTHER EXAMPLE OF WHERE WE HAVE THIS PROPERTY DEMOLISHED YET AND WE WERE ABLE TO DO PUT FOUR UNITS ON THERE AND THIS PROPERTY IS NOT QUITE AS LARGE BUT WE WOULD LIKELY STILL BE

260
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ABLE TO POTENTIALLY GET AN 80 ON IT AS WELL. THE OTHER OPTION WOULD BE TO CONTINUE WITH THE REHAB AND GET IT READY FOR OUR RENTAL HOMES FOR FUTURE HOME OWNER PROGRAM.

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I WOULD PLACE THE BEAM TO EXTRA WORK POTENTIALLY ADD THAT THIRD BEDROOM AND YOU KNOW THAT RENOVATION. I THINK THE LAST SLIDE SAID 90,000 SO 90,000 TO 200,000

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YOU KNOW IT COULD BE QUITE A BIG RANGE TO DETERMINE IF WE MOVE FORWARD WITH THAT OPTION FUNDING ON THAT IS CHALLENGING. WE COULD USE SOME OF OUR

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COMMUNITY DEVELOPMENT DOLLARS AS YOU RECALL WE ARE RENOVATING OR REHABBING OUR CURRENT UNITS WITH THOSE DOLLARS BUT THAT IS LIMITED AND WE HAVE TO ACT QUICKLY TO

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DO THAT WHICH IS WHY WE'RE BRINGING IT TONIGHT AND THAT WOULD ONLY COVER A PORTION OF THE REHAB. ADDITIONALLY WE DO GET RENTAL INCOME THEN BEING IN THE

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PROGRAM BUT THAT RENTAL INCOME HARDLY COVERS JUST OPERATIONS. SO AS WE'RE LOOKING AT THIS LARGE CAPITAL IMPROVEMENT AS FOR THE YEARLY HRA LEVY IS

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REALLY STEPPING IN AND FILLING THAT SO WE'D BE COMMITTING TO A LEVY TO REALLY DO THAT RENOVATION KNOWING THAT WILL LIKELY NEVER GET REPAID.

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SO THERE ARE SOME PROS AND CONS FOR EACH. THE BENEFITS OF DOING DEMOLITION IS WE WON'T BE DOING THIS ONGOING SUBSIDY.

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WE HAVE A SORT OF FUNDING SOURCE READILY AVAILABLE FOR THE DEMOLITION AND THAT WOULD BE A GOOD SITE FOR THAT FUTURE PROGRAMING EITHER THROUGH A

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DEVELOPER EITHER FUTURE PHASE OF THE FIRE PROGRAM OR ANOTHER EXAMPLE WITH WALTON HABITAT PARTNERSHIP OR WE HAVE SOME

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FLEXIBILITY WE COULD JUST SELL IT AT MARKET RATE AND KIND OF RECOUP SOME OF THE EXPENSES . THE CHALLENGES IS WE DID COMMUNICATE TO THE NEIGHBORHOOD THAT WE WOULD BE PRESERVING THIS HOUSE AND IT

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WOULD REMAIN THERE. THERE'S AND SO THIS WOULD BE A CHANGE THAT WE WOULD NEED TO INFORM THE NEIGHBORHOOD IS HAPPENING AND WHY IT'S HAPPENING AND GIVEN THAT THIS IS A LITTLE BIT LOWER IN OUR

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PRIORITY WE HAVE YOU KNOW WE JUST WENT THROUGH A COUPLE OF BIG PROJECTS. IT COULD SIT THERE FOR A LITTLE BIT BEFORE WE DEMOLISH IT OR BE DEMOLISHED. IT MIGHT SIT VACANT FOR A WHILE AS WE WORK.

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YOU KNOW, OVER TIME WE WERE JUST TALKING WITH THAT YOU KNOW, YOU MISSED THIS ROUND OF FUNDING. YOU HAVE TO WAIT ANOTHER YEAR SO IT COULD BE A COUPLE OF YEARS BEFORE WE ACTUALLY

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START WORKING IN EARNEST AND GET IT REDEVELOPED. REHABILITATION, ON THE OTHER HAND, AS YOU SAW, COULD BE A SIGNIFICANT COST AND THAT'S THE COSTS WE KNOWN AS WE SAW

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WE WENT INTO IT THINKING WE HAD A GOOD IDEA OF WHAT THOSE COSTS WERE BUT THEN IT GREW EXPONENTIALLY AND SO THERE'S STILL A LOT OF UNKNOWNS AND WHAT WE FIND AS WE START TO DO

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THE RENOVATION BUT AND IT REQUIRES THAT ONGOING SUBSIDY WE'RE ALSO FINDING THAT DIFFICULTY ON WHETHER WE NEED THAT THIRD BEDROOM OR NOT FOR

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WE'RE NOT ENTIRELY SURE WHAT THAT MARKET NEED IS AND SO THAT'S A LITTLE BIT OF A UNKNOWN BUT AT THE SAME TIME WE WOULD BE PROVIDING A UNIT

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IN OUR PROGRAM THAT IS, YOU KNOW, SUCCESSFUL AND GETS PEOPLE INTO HOMEOWNERSHIP OPPORTUNITIES WHICH WAS THE ORIGINAL INTENT. AND SO IT WOULD BE ADDING THAT

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BENEFIT. SO WE'VE OUTLINED SOME OPTIONS FOR YOU TO CONSIDER. THE FIRST OPTION IS DEMOLITION AND THIS IS WHERE STAFF HAS SETTLED ON RECOMMENDING THIS

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WOULD BE WHAT WE WOULD RECOMMEND JUST GIVEN THE HIGH COST OF THE REHAB AND THE UNKNOWN OF WHAT OTHER ISSUES MIGHT BE THERE. IF WE MOVE FORWARD WITH THIS

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WE WOULD THEN REALLY NEED TO DO THAT NEIGHBORHOOD ENGAGEMENT AND START INFORMING AND EXPLAINING WHY AND WHAT WILL BE HAPPENING. WE WOULD THEN MOVE FORWARD AND GET BIDS FOR DEMOLITION AND

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THEN WORK ON THAT REDEVELOPMENT OPPORTUNITY. SO I DON'T WANT TO LOSE SIGHT ON THAT THAT THERE IS STILL POTENTIAL THAT THIS BECOMES AN AFFORDABLE OWNER OPPORTUNITY. SO WHILE MAYBE NOT IN OUR

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RENTAL HOMES FOR FUTURE HOMEOWNER PROGRAM THERE'S STILL OPPORTUNITY FOR US TO POTENTIALLY LOOK AT MODULAR HOME OR SOME OF THE OTHER THINGS THAT WE'VE BEEN KIND OF EXPLORING WITH THE BUYER PROGRAM THAT JUST DON'T QUITE FIT RIGHT NOW.

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BUT MAYBE IN THE FUTURE AND WE CAN COME BACK TO THE SLIDES WE HAVE A MOTION ON EACH OF THEM IF YOU SO CHOOSE WHICH ONE BUT OPTION TWO AGAIN INVEST IN THE

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REPAIRS. WE WOULD GET UPDATED BIDS AND START WORKING ON THAT. WE WOULD CREATE A MORE FIRM PROJECT TIMELINE AND FOR THOSE REPAIRS AND GETTING SOMEONE

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INTO THAT UNIT AND THEN AT SOME POINT ACTUALLY MARKET THE UNIT AND COULD FILL IT FOR THE PROGRAM AND THEN THERE IS A THIRD OPTION THAT WE WANT TO

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MAKE YOU AWARE OF WE COULD ALWAYS PUNT TABLE IT FOR A FUTURE DATE, GET MORE INFORMATION KNOWING THAT SOME OF THESE BIDS ARE A LITTLE BIT DATED WE COULD GO AND GET MORE

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BIDS AND GET MORE FIRM DETAILS FOR YOU IF YOU NEED THAT INFORMATION AND COULD DEFINE THE PROJECT A LITTLE BIT MORE AND GET MORE DETAILED ON THE THIRD VERSUS SECOND BEDROOM

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COST BENEFIT ANALYSIS. YOU KNOW ONE OF THE CONSIDERATION IS WITH THE THIRD BEDROOM YOU GET MORE RENT SO THERE IS A COST BENEFIT TO IT THAT WE'VE DONE IN THE PAST BUT WE CAN

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CERTAINLY UPDATE THAT AND WE CAN BRING THIS BACK TO ANOTHER MEETING RIGHT TIME FOR QUESTIONS.

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>> COMMISSIONER WOOTEN UM, OPTION THREE LOOKS GOOD TO ME AND I'LL TELL YOU WHY PRIMARILY THE BENEFIT OF A THIRD BEDROOM IN THIS MARKETPLACE RIGHT NOW BASED ON

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WHAT I'M HEARING AND I HAVE EXPERIENCE AND IN TRYING TO PLACE PEOPLE IN AND HOUSING WHO HAVE BEEN HOMELESS THE NEED IS THERE IN IT OFFERS

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ITSELF NOT ONLY FOR SINGLE PARENT HOUSE FAMILIES BUT ALSO EXTENDED FAMILIES. YOU KNOW WE HAVE YOU KNOW DID A GENERATIONAL CHANCES FOR PEOPLE TO STAY TOGETHER AND AS

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FAR AS THE CONSTRUCTION DESTRUCTION COST IS A COMPETITIVE MARKET RIGHT NOW WITH THAT I LIKE TO PROBABLY SEE US GO BACK ON REBID THIS IF WE MIGHT BE ABLE TO GET A BETTER COST OF THAT AND

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EVENTUALLY HAVE IT BE OWNED BY SOMEONE WHO'S RENTING INITIALLY. SO I'M I'M NOT ALWAYS SO QUICK TO PUNT AND KICK IT AWAY TO

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SOMEONE ELSE TO DO THE WORK BASED ON OUR MONEYS SO OR LACK THEREOF THAT'S JUST MY OPINION. THANK YOU CHAIRMAN. I MIGHT JUST ADD A LITTLE BIT

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MORE CONTEXT ON THE DEMAND. SO WE HAVE CURRENTLY 21 HOMES IN THE RENTAL HOMES FOR FUTURE HOME BUYERS PROGRAM. SO THIS WOULD EXPAND THAT PORTFOLIO BY ONE MORE AND THEN WE WE HAVE CURRENTLY I BELIEVE

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IT'S TWO PROPERTIES THAT ARE VACANT AND WE HAVE HAD SOME TROUBLE FILLING UNITS OF THE THREE BEDROOM SIZE RECENTLY AND BECAUSE IT'S AN INCOME QUALIFIED PROGRAM WE'RE SEEING

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EITHER PEOPLE WITH NOT ENOUGH INCOME OR TOO MUCH INCOME AND SO WE'RE NOT SURE OF THE DEMAND FOR THE THREE BEDROOM UNIT. SO IT IS A IT IS A CHALLENGING QUESTION IN IN ADDING A TWO

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BEDROOM SIZE TO THE PORTFOLIO VERSUS ADDING THE THIRD BEDROOM. WE WOULD HAVE TO LOOK MORE INTO WHAT THE DEMAND COULD BE BUT NOT SURE THAT THERE IS A STRONG DEMAND FOR A UNIT OF OF THAT SIZE CURRENTLY.

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COMMISSIONER ROBERTSON THANK YOU CHAIR. SO I WAS ON THE OPPOSITE END OF THE SPECTRUM AND COMING IN I WAS THINKING MORE OPTION ONE RIGHT TO DEMOLISH THE

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STRUCTURE. I'M HOPING THAT EVENTUALLY IT COULD BE SOLD BACK TO TO A DEVELOPER WHO'S LOOKING TO KEEP IT IN THE AFFORDABLE HOUSING REALM. THAT SAID, I'M OPEN TO THE

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IDEA OF PUNTING IT RIGHT? JUST TO BE VERY CLEAR BUT MY I HAVE TO SAY THE BIGGEST CONCERN FOR ME ARE THOSE CONSTRUCTION COSTS AND WE KNOW OR I SHOULDN'T SAY WE KNOW BUT OFTEN IN BUILDING PROJECTS IT

304
01:00:24.387 --> 01:00:35.664
ENDS UP COSTING THREE TIMES AS MUCH AS YOUR QUOTED INITIALLY. RIGHT. SO I'M NOT SUPER OR CONFIDENT THAT GETTING MORE BIDS OR MORE UP TO DATE I AM SO SORRY.

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MY GREATEST EXCUSE TODAY OR CURRENT BIDS EXCUSE ME I'M NOT SUPER CONFIDENT THAT THAT WOULD RESULT IN LIKE A LOT OF COST SAVINGS. RIGHT. AND IF ANYTHING FRANKLY I'M WONDERING IF WE WOULD JUST SEE

306
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HIGHER NUMBERS HONESTLY. BUT I'M WONDERING WHAT THE REST OF MY COLLEAGUES THINK. COMMISSIONER WHO CAME THANK YOU CHAIR.

307
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I WILL SAY THIS I WAS THE I WAS THE VOICE THAT GOT 9030 PARK FROM BEING SOLD TO A DEVELOPER AND WORKED WITH HABITAT AND WALKED ON AND I'M REALLY PROUD OF THAT PROJECT.

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I, I VERY MUCH TAKE THAT ONE TO HEART. I'M GOING TO I WILL BOAST ABOUT THAT TILL THE DAY I PROBABLY DIE BUT AND I HAVE THAT FEELING WITH THIS LIKE I

309
01:01:21.611 --> 01:01:32.355
DON'T WANT TO SELL IT TO A DEVELOPER. I'M SORRY BUT I'M VERY MUCH AGAINST THAT. I WOULD LIKE TO KEEP THIS WHERE WHAT WE DID WITH 9030 I MEAN THAT THAT SAT VACANT FOR A WHILE WE DID DEMO IT WHICH I

310
01:01:32.355 --> 01:01:43.733
WOULD LIKE TO SEE THAT DONE SOONER RATHER THAN LATER. I DO THINK IT HAS A RISK FOR VENTILATE VAN THANK YOU. AND WE'RE STILL GOING TO HAVE TO OBVIOUSLY MAINTAIN THE PROPERTY IF IT STAYS EITHER

311
01:01:43.733 --> 01:01:52.408
WAY. RIGHT. AND WE'RE GOING TO HAVE TO DO YARD COST AND ALL THAT SO THAT I MEAN THAT WE HAVE TO OWN THAT. BUT I WOULD LOVE TO SEE ANOTHER OPPORTUNITY IF

312
01:01:52.408 --> 01:02:03.619
POSSIBLE WITH AS SUCCESSFUL AS THAT WAS OR MAYBE EVEN LIKE MCAFEE THERE ANOTHER OPPORTUNITY WE COULD DO WITH SORT OF VETERANS. WE DID DO THAT PREVIOUSLY. SO I MEAN I THINK THERE'S

313
01:02:03.619 --> 01:02:14.896
OPTIONS OUT THERE. I JUST I REALLY WOULD FROM THE BOTTOM OF MY HEART NOT LIKE TO SEE US SELL IT TO A DEVELOPER AND REALLY KEEP THIS AS AN HRA PROJECT AND AND DO WHAT WE'VE DONE AND WHAT WE CAN DO REALLY

314
01:02:14.896 --> 01:02:26.508
WELL I FEEL LIKE AND THAT'S PARTNER SO THAT'S WHERE I SAID I'M GOOD WITH DEMOLISHING I DO THINK IT'S GOING TO END UP COSTING A LOT MORE JUST WITH COSTS. I DON'T THINK THEY'RE GOING TO

315
01:02:26.508 --> 01:02:37.453
I WISH THAT I COULD SAY THAT THEY WERE GOING TO GET CHEAPER. I JUST AND ONCE YOU GET INTO FOUNDATION BEING A CONSTRUCTION WORKERS DAUGHTER YOU JUST NEVER KNOW WHAT YOU'RE GOING TO GET INTO ONCE YOU START WORKING WITH THAT FOUNDATION. SO THAT DOES TERRIFY ME A

316
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LITTLE BIT. SO THAT IS MINE. $0.02 ON IT IS I JUST WOULD REALLY LIKE TO SEE US KEEP IT AND IF IT TAKES A LITTLE BIT THAT'S OKAY. I THINK IT WILL BE THOUGH THE

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THE HOLDING WILL BE WORTH THE REWARD AT THE END. I THINK COMMISSIONER ROBERTSON IF I MAY, THANK YOU SO MUCH AND THANK YOU SO MUCH FOR EVERYONE'S COMMENTS.

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THOSE ARE REALLY HELPFUL FOR ME AND I THINK I LIKE WHAT YOU'RE SAYING IS MAYBE LET'S TAKE A MINUTE WHAT BOTH OF MY COLLEAGUES ARE SAYING IS LET'S TAKE A MINUTE AND GET SOME MORE INFORMATION EVEN IF IT'S NOT NECESSARILY ABOUT GETTING

319
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UPDATED BIDS AND THINGS LIKE THAT BUT JUST FIGURING OUT IF MAYBE NOT TO ADD AN OPTION FOR MAKE IT WORSE FOREVER BUT MAYBE THERE IS SOME WAY THAT WE COULD HIT A SWEET SPOT AND

320
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WE CAN DEMO IT BUT WE DON'T HAVE TO SELL IT AND MAYBE IT JUST SITS AROUND AND DOESN'T BURN OUR MONEY AWAY. YOU KNOW I THINK THAT THERE IS ROOM THERE'S ROOM FOR US TO FIND A HAPPY MEDIUM IS WHAT

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I'M HEARING. AND SO WITH THAT I WOULD BE OPEN AFTER HEARING THIS DISCUSSION I WOULD BE OPEN FOR OPTION THREE TO TABLE THE ITEM TO A FUTURE DATE AND LEARN MORE BEFORE WE VOTE ON IT

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TODAY. >> YEAH, JARED COMMISSIONERS I'LL JUST SAY I THINK THAT THAT THE OPTION OF DEMOLISHING AND THEN WAITING TO DETERMINE WHAT TO DO TO THE PROPERTY TO RESELL OR TO REDEVELOP WOULD

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THAT WOULD BE OPTION ONE SO THAT WOULD MOVE US TOWARDS THE DEMOLITION AND THEN WE COULD LEAVE THE PROPERTY VACANT FOR SOME TIME BEFORE WE COULD HOLD THE PROPERTY AS THE HRA AND THEN CONSIDER IT AS A FUTURE

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REDEVELOPMENT PROJECT. SO THAT COULD STILL BE ACTION ONE TO MOVE US FORWARD. YEAH. THANK YOU SO MUCH. I VERY VERY MUCH APPRECIATE THAT. MAY I ASK THEN OF MY COLLEAGUES DOES THAT MOVE THE

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NEEDLE FOR YOU TOWARDS OPTION ONE AT ALL? IT DOES IF WE WERE TO HOLD THE PROPERTY SO IT WOULD BE DEMOED BUT WE WOULD HOLD IT WE WOULDN'T SELL IT. COMMISSIONER WHO CAN YOU SHOW OPTION ONE AGAIN? YES, THANK YOU BECAUSE I THINK

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IT DID STATE THAT THAT AND I DO REMEMBER IT BEING THAT THERE WASN'T NECESSARILY A DETERMINING FACTOR ON IF WE WERE IT SAYS WORK ON THE LONG TERM REDEVELOPMENT OPPORTUNITY

327
01:04:38.674 --> 01:04:45.781
WHICH I THINK CHAIR BEING COMMISSIONERS YEAH AND THAT WE THREW OUT SELLING THERE AS JUST YOU KNOW THAT IS PART OF THE OPTIONS OF OPTION ONE IF YOU HAD TO GET MORE

328
01:04:45.781 --> 01:04:59.361
CONVOLUTED THAT BUT I THINK WE TOTALLY AGREE LIKE THAT IS THE MISSION OF THE RATE CONTINUE THAT AFFORDABLE AND THAT'S VERY CLEAR THAT WE COULD CONTINUE THAT PARTNERSHIP AND

329
01:04:59.361 --> 01:05:11.307
THERE ARE AND THAT IS WHY THERE IS NOT A DEFINITIVE OF WHAT THE NEXT STEP IS BECAUSE IT COULD BE MAG FEE, IT COULD BE WHILE IT COULD BE WORKING WITH THE MODULAR AS A DEMONSTRATION PROJECT.

330
01:05:11.307 --> 01:05:19.615
SO THERE'S LOTS OF OPTIONS AND DIFFERENT FUNDING SOURCES WE CAN PURSUE TO DO SO HELP MAKE THAT COME TO FRUITION. WELL AS CHAIR I'M GOING TO

331
01:05:19.615 --> 01:05:32.228
THROW IN MY $0.02 I WANT IS PROPERTY TO REMAIN WITH THE CITY WITH THE HRA AND IT REMAIN AN AFFORDABLE LOT. HOWEVER PROPERTY HOWEVER IT IS

332
01:05:32.228 --> 01:05:44.039
DONE SO THAT I THINK MEETS OUR MISSION STATEMENT AND AND EVERYTHING I WOULD I WOULD GO WITH FOR DEMOLITION I, I THINK

333
01:05:44.039 --> 01:05:53.682
HAVING WELL KEPT EMPTY LOT IS PROBABLY BETTER THAN A HOUSE DETERIORATING AND HOW MUCH MONEY YOU KNOW BEING IN THE REAL ESTATE BUSINESS I KNOW HOW MUCH MONEY THE UPKEEP AND ALSO ONCE YOU FIND ISSUES OH

334
01:05:53.682 --> 01:06:04.727
MY GOODNESS YOU CAN FIND ISSUES SO I WOULD SUPPORT THE REST OF THE COMMISSIONERS HERE AND IN GOING WITH OPTION ONE

335
01:06:04.727 --> 01:06:19.141
BECAUSE SO ARE RIGHT SO IS THIS THE OFFICIAL MOTION ON THE BOTTOM? OKAY SO WE NEED A MOTION DIRECTING STAFF TO DEMOLISH

336
01:06:19.141 --> 01:06:29.952
2720 WEST 108TH STREET AND CAN WE ADD SOMETHING ON THERE THAT IT REMAINS AN AFFORDABLE PROPERTY THAT IT WILL NOT BE

337
01:06:29.952 --> 01:06:42.063
SOLD OR CAN WE NOT DO THAT? SHARON COMMISSIONS I DON'T THINK THAT NEEDS TO BE REFLECTED IN THE MOTION. I THINK THE DIRECTION TO STAFF IS CLEAR THAT WE WOULD MAINTAIN THE PROPERTY. >> ALL RIGHT. SO THEN THE MOTION IS JUST TO

338
01:06:42.063 --> 01:06:52.808
DIRECT STAFF TO DEMOLISH THIS MANSION PROPERTY. SO MOVE SECOND KATE MOVE BY COMMISSIONER WOOTEN AND SECOND BY COMMISSIONER WHO CAME ALL

339
01:06:52.808 --> 01:07:03.986
IN FAVOR I MOTION PASSES 420 OUR NEXT ROUND DISCUSSION ITEMS WHICH 6.1 IS THE UPDATE ON DEVELOPMENT OF ST MARK'S PROPERTY AND DEVELOPER

340
01:07:03.986 --> 01:07:14.930
SOLICITATION IN TRAINING PROGRAM MAY WE HAVE THE STAFF REPORT? >> YES CHAIR COMMISSIONERS I TOOK A BRIEF BREAK TO SIT DOWN

341
01:07:14.930 --> 01:07:26.442
AND NOW I'M BACK. SO THE PURPOSE OF THIS ITEM IS TO PROVIDE AN UPDATE ON THE ST MARK'S PROPERTY WHICH IS AT XERXES AND XERXES.

342
01:07:26.442 --> 01:07:39.788
OH GOOD TO THERE WE GO. >> SO THIS IS PART OF OUR BLOOMINGTON AFFORDABLE HOMEOWNERSHIP PROGRAM WHICH AS YOU RECALL IS A LARGE INITIATIVE TO DEVELOP 27 HOMES

343
01:07:39.788 --> 01:07:51.667
FOR OWNER OCCUPIED HOMES THAT ARE AFFORDABLE AT 80% OF THE AREA. MEDIAN INCOME. AND SO THIS PROPERTY ACQUISITION IS A LARGE CHUNK TO GET TOWARDS THOSE 27 HOMES

344
01:07:51.667 --> 01:08:03.078
AND SO WE ACQUIRED THIS PROPERTY JUST EARLIER THAT SHOULD ACTUALLY BE 2026 JUST ON THAT EARLIER THIS YEAR AND

345
01:08:03.078 --> 01:08:14.957
THE THE ITEM TONIGHT IS REALLY IT'S A DISCUSSION ITEM. IT IS AN UPDATE ON PROGRESS AND THEN SOME CONVERSATION AROUND THE VISION FOR THIS SITE AND THE ONE OF THE GOALS OF THIS PROGRAM IS ALSO TO

346
01:08:14.957 --> 01:08:26.101
PARTNER WITH EMERGING DEVELOPERS AND SO WE'VE BEEN WORKING ON CREATING SOME TRAINING MATERIALS TO SUPPORT EMERGING DEVELOPERS THROUGH THAT PROCESS AND SO TO JUST HAVE A DISCUSSION ON WHERE WE

347
01:08:26.101 --> 01:08:37.179
CURRENTLY STAND AND ANY FEEDBACK OR DIRECTION THAT YOU WOULD LIKE TO PROVIDE IN TERMS OF VISION FOR THIS PROPERTY.

348
01:08:37.179 --> 01:08:46.155
>> OKAY. SO THIS IS AN AERIAL VIEW. SO BASICALLY THE SITE VISION THAT WE HAD INITIALLY PROPOSED HAD A NUMBER OF SINGLE FAMILY

349
01:08:46.155 --> 01:08:56.598
AND DUPLEX PROPERTIES OR TWIN HOMES EQUALING 17 OWNER OCCUPIED OPPORTUNITIES ON THIS SITE. HOWEVER SINCE THAT TIME THE

350
01:08:56.598 --> 01:09:07.976
CITY HAS PASSED A MISSING MIDDLE HOUSING ORDINANCE THAT ALLOWS FOR SOME SOME NEW HOUSING TYPES TO BE BUILT IN THE CITY. AND SO SOME OF THOSE INCLUDE

351
01:09:07.976 --> 01:09:19.488
TRIPLEXES DETACHED TOWNHOMES. THERE ARE VARIOUS OTHER HOUSING TYPES THAT ARE NOW OPPORTUNITIES THAT WERE NOT OPPORTUNITIES AT THE TIME OF THOSE DISCUSSIONS. ALSO IN THE TIME BETWEEN THE

352
01:09:19.488 --> 01:09:30.833
INITIAL SITE ACQUISITION AND NOW WE'VE WORKED ON SOME SINGLE FAMILY DEVELOPMENT PROJECTS AND THE GAPS ON THOSE PROJECTS ARE SIGNIFICANT AND INCREASING AND SO THE

353
01:09:30.833 --> 01:09:42.111
OPPORTUNITY TO REVISION THIS SITE IS AROUND BOTH YOU KNOW USING THIS MISSING MIDDLE HOUSING ORDINANCE TO POTENTIALLY DEVELOPS A NEW HOUSING TYPES ON THIS SITE AND

354
01:09:42.111 --> 01:09:53.655
ALSO AN OPPORTUNITY TO REDUCE SOME OF THE DEVELOPMENT GAP FOR THESE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES. AND SO HERE IS A REVISED DRAWING. ARI, I REALIZE IT'S A LITTLE BIT HARD TO SEE THERE IS A

355
01:09:53.655 --> 01:10:04.633
LARGER VERSION IN YOUR PACKETS OR ON YOUR IPADS AND SO THOSE GREEN LOTS ARE THREE FAMILY DWELLINGS ARE ESSENTIALLY TRIPLEXES THE YELLOW LOTS ARE DETACHED TOWNHOMES AND I'LL

356
01:10:04.633 --> 01:10:16.011
JUST HIGHLIGHT THIS IS IT'S A VISION. IT'S A CONCEPT REALLY IT'S IT'S FOR DISCUSSION PURPOSES SO THIS KIND OF SHOWS WHAT ARE USING SOME OF THESE HOUSING TYPES WHAT HOW COULD WE

357
01:10:16.011 --> 01:10:28.424
INCREASE THE DENSITY ON THE SITE SO THIS HAS SIX THREE UNIT TOWNHOMES AND SIX DETACHED TOWNHOMES FOR UP TO 24 UNITS POSSIBLE IN THIS VISION. I'LL NOTE TOO THAT OUR THE

358
01:10:28.424 --> 01:10:38.366
GRANT THAT WE RECEIVED FOR OUR AFFORDABLE HOMEOWNERSHIP PROGRAM WE HAVE BEEN DEVELOPING OTHER PROPERTIES AND SO WE ONLY HAVE FUNDING LEFT FOR ABOUT 16 SITES.

359
01:10:38.366 --> 01:10:49.478
SO IF WE WANTED TO INCREASE THE DENSITY WE WOULD LIKELY BE DEVELOPING THIS IN PHASES. SO THE FIRST PHASE WOULD BE USING THE THE MINNESOTA HOUSING IMPACT ONE DOLLARS THAT WE HAVE NOW AND THEN WE WOULD WORK ON DEVELOPING A

360
01:10:49.478 --> 01:11:01.056
NEXT PHASE AT A LATER DATE AND THEN SOME ELEMENTS OF THE SITE PLAN THAT INCLUDES PUBLIC RIGHT OF WAY. SO YOU CAN SEE ALSO A LOT OF CONVERSATIONS ABOUT THE CELL TOWER THAT'S ON THE SITE

361
01:11:01.056 --> 01:11:12.367
AND SO YOU CAN SEE HOW WE'RE KEEPING THE CELL TOWER WHERE IT IS AND ADDING A ROAD. ALSO ONE OF THE QUESTIONS IS AROUND WOULD WE REQUIRE WOULD WE HAVE AN HOA AND OUR

362
01:11:12.367 --> 01:11:23.612
RECOMMENDATION IS NOT TO CREATE AN HOA BUT TO MANAGE FOR SOME OF THE ESPECIALLY FOR THE THREE FAMILY DWELLINGS TO HAVE AGREEMENTS BETWEEN THE PARTIES IN THE DWELLINGS

363
01:11:23.612 --> 01:11:34.656
INSTEAD OF AN HOA THAT COVERS THE FULL SITE AND THAT IS BECAUSE OF SOME OF THE CHALLENGES WE'VE SEEN WITH JUST MANAGING HOA IS THAT THIS WOULD BE A SIMPLER AGREEMENT STRUCTURE.

364
01:11:34.656 --> 01:11:46.368
THE OTHER NOTE HERE IS THAT WE WOULD NEED TO DO ADDITIONAL ENGAGEMENT SO WE HAD A NEIGHBORHOOD MEETING IN EARLIER IN 2025 WHERE WE SHOWED THAT SITE PLAN WITH THE

365
01:11:46.368 --> 01:11:57.613
17 UNITS. SO THIS WOULD BE AN INCREASE TAKING ADVANTAGE OF THE ORDINANCE CHANGES SO WE WOULD WANT TO GO BACK AND REVISE PRESENT A REVISED CONCEPT TO THE COMMUNITY AT THAT

366
01:11:57.613 --> 01:12:09.358
COMMUNITY MEETING THERE WERE MIXED REACTIONS SO THIS WOULD BE A CHANGE AND WE WOULD NEED TO HAVE A DISCUSSION WITH COMMUNITY MEMBERS AND I THINK IT'S FAIR TO ANTICIPATE THAT A

367
01:12:09.358 --> 01:12:20.168
MIX OF OPINIONS INCLUDING SOME OPPOSITION TO INCREASING DENSITY IN THIS WAY SO OKAY. AND SO PART OF THIS DISCUSSION IS ALSO JUST LETTING YOU KNOW WHAT THE NEXT STEPS ARE AND

368
01:12:20.168 --> 01:12:30.245
ASKING IF ANY QUESTIONS, COMMENTS, CONCERNS REGARDING DEVELOPMENT ON THE SITE. THE FIRST STEP IS TO PUBLISH AN RFP OR REQUEST FOR PROPOSALS FOR BASICALLY FOR THE ENGINEERING DESIGN FOR THE

369
01:12:30.245 --> 01:12:42.256
SITE WITH THE PUBLIC ROAD AND WE WOULD ANTICIPATE DOING THAT VERY SOON HERE IN THE NEXT COUPLE OF WEEKS AND THEN BRING A SELECTION TO THE AUGUST HRA MEETING JUST TO DO THE DESIGN

370
01:12:42.256 --> 01:12:52.200
IS BASICALLY THE PREDEVELOPMENT PHASE AND THEN WE ARE CONTINUING TO PURSUE GRANTS. WE ARE PURSUING A LOT OF GRANTS FOR THESE AFFORDABLE HOMEOWNERSHIP PROGRAMS AND

371
01:12:52.200 --> 01:13:04.512
OF THIS SCHEDULE TO MOVE INTO THE PUBLIC INFRASTRUCTURE PUBLIC BID. THIS IS WHERE OUR PUBLIC WORKS TEAM WOULD ALSO WEIGH IN AND KIND OF NAVIGATE THAT PROCESS OF GETTING A PUBLIC BID FOR THE ROAD AND SOLAR INSTALLATION AND THEN MOVING

372
01:13:04.512 --> 01:13:17.859
INTO CONSTRUCTION IN 2027 WE WOULD ANTICIPATE WELL I'LL MOVE TO THE NEXT SLIDE ACTUALLY. SO IN ALSO AT THE SAME TIME WE WOULD BE WORKING ON A DEVELOPER SELECTION PROCESS.

373
01:13:17.859 --> 01:13:29.538
SO AS THIS IS DEVELOPING WE'RE YOU KNOW DOING THE PRE-DESIGNED WE'RE INSTALLING THE ROAD WOULD BE SELECTING DEVELOPERS TO WORK ON THESE HOMEOWNERSHIP OPPORTUNITIES

374
01:13:29.538 --> 01:13:41.149
WITH THE GOAL OF POTENTIALLY COORDINATING ON CONSTRUCTION TIMING AND GETTING THINGS READY TO TO COMPLETE CONSTRUCTION IN 2017, 2027 AND 2028. WE HAVE BEEN WORKING WITH NEIL

375
01:13:41.149 --> 01:13:52.627
WHO IS A WELL-KNOWN CONSULTANT IN THE SPACE OF EMERGING DEVELOPER CURRICULUMS AND SO THEY HAVE PUT TOGETHER BASICALLY A LIKE A OVERVIEW OF WHAT SOME OF THESE SESSIONS

376
01:13:52.627 --> 01:14:04.305
COULD ENTAIL AND IDENTIFIED SOME CRITICAL TOPIC AREAS AND PRESENTED SOME TRAINING MATERIALS AND SO WOULD LIKE TO BRING TO THE HRA TO OUR JULY MEETING A DISCUSSION OF INCREASING THAT CONTRACT

377
01:14:04.305 --> 01:14:16.485
AND MOVING FORWARD TO HAVE THEM EXECUTE THE TRAINING OPPORTUNITIES AS WELL. AND THEN AGAIN AUGUST WOULD BE A BIG SELECTION DATE FOR THE HRA SELECTING DEVELOPERS AND

378
01:14:16.485 --> 01:14:28.430
THEN WE WOULD DO THE TRAINING FOR THE EMERGING DEVELOPERS LATER THIS YEAR WITH THE GOAL AGAIN OF CONTINUING TO SUBMIT ADDITIONAL FUNDING APPLICATIONS, FINALIZING PURCHASE AGREEMENTS LATE THIS

379
01:14:28.430 --> 01:14:38.373
YEAR OR EARLY NEXT YEAR AND THEN REALLY MOVING INTO THAT PREDEVELOPMENT AND DEVELOPMENT PHASE. SOME NOTES ABOUT THE DEVELOPER RECRUITMENT.

380
01:14:38.373 --> 01:14:47.348
SO THERE'S A COUPLE OF LIKE WHAT DO THEY HAVE TO MEET IN TERMS OF MINIMUMS? SO THOSE ARE LISTED HERE A COMPLETED APPLICATION WHICH NOW HAS BEEN WORKING WITH US

381
01:14:47.348 --> 01:14:58.393
TO DEVELOP AN APPLICATION. AND THEN WE ALSO DID NOTE IN THE APPLICATION A EQUITY CONTRIBUTION AND THE REASON FOR THAT IS BECAUSE A DEVELOPER WILL STILL NEED TO

382
01:14:58.393 --> 01:15:09.871
SECURE SOME PRIVATE FINANCING IN A BANK LOAN AS WELL AS PUBLIC FINANCING AND LIKELY HAVE TO INVEST SOME UPFRONT DOLLARS INTO THE PROJECT. AND SO IT CAN BE A REAL

383
01:15:09.871 --> 01:15:21.383
CHALLENGE FOR EMERGING DEVELOPERS TO SECURE SOME OF THOSE UPFRONT RESOURCES. AND SO IN ORDER TO SELECT A PARTNER THAT WE THINK IS EQUIPPED AND READY TO MOVE

384
01:15:21.383 --> 01:15:32.828
FORWARD, THERE IS A REALITY THAT THAT THERE WILL LIKELY BE A FINANCIAL COMMITMENT REQUIRED. AND SO WE HAVE DECIDED TO SPELL THAT OUT IN THE APPLICATION AND THEN THIS LAST

385
01:15:32.828 --> 01:15:44.238
PIECE IS NO MORE THAN A WHAT WHAT IS AN EMERGING DEVELOPER. AND SO THIS IS THE THE PROPOSED DEFINITION I WOULD SAY THE CAVEAT IS THAT IT'S STRONGLY PROPOSED BECAUSE IT

386
01:15:44.238 --> 01:15:54.516
ALIGNS WITH SOME FUNDING REQUIREMENTS SO IT'S NO MORE THAN 25 UNITS OF DEVELOPMENT EXPERIENCE AND THEN 15,000 SQUARE AND YOU CAN'T OWN MORE THAN 15,000 SQUARE FOOT

387
01:15:54.516 --> 01:16:06.161
OF COMMERCIAL SPACE AND THEN DEVELOPING SCORING CRITERIA. SO THIS IS FAIRLY STANDARD SCORING CRITERIA FOR AN APPLICATION OR AN RFP DEVELOPER QUALIFICATIONS PROJECT CONCEPT AND READINESS AND FINANCIAL READINESS.

388
01:16:06.161 --> 01:16:17.572
>> OKAY. AND THEN A LITTLE BIT MORE INFORMATION ABOUT THE TRAINING PROGRAM THAT WE'VE PUT THAT NOW REALLY HAS BEEN WORKING ON DEVELOPING. HERE ARE SOME OF THE REALLY CRITICAL TOPIC AREAS AND WE'RE

389
01:16:17.572 --> 01:16:29.217
STILL WORKING OUT LIKE WHAT ARE THE NUMBER OF SESSIONS AND WHAT'S MOST APPROPRIATE FOR TIMING AND ARE THEY IN-PERSON OR EITHER HYBRID OR WE WOULD ANTICIPATE A MIX OF OF ABOVE BUT THERE ARE SOME KEY AREAS

390
01:16:29.217 --> 01:16:40.996
YOU KNOW JUST REVIEWING THE PROGRAM OVERVIEW LIKE WHAT IS YOUR PROJECT AND WHAT IS THE AFFORDABILITY REQUIREMENT AND THEN THESE LAST FOUR BULLETS ARE REALLY CRITICAL DEVELOPMENT COSTS. SO HELPING TO DEVELOP A

391
01:16:40.996 --> 01:16:51.873
PROFORMA WHICH IS KIND OF SPELLS OUT ALL OF THE SOURCES AND USES OF THE PROJECT COMPLYING WITH FUNDING REQUIREMENTS WE DO HAVE SIGNIFICANT GRANT FUNDING FOR THIS PROJECT ALREADY AND WILL

392
01:16:51.873 --> 01:17:01.216
CONTINUE TO APPLY AND SO THIS IS A REALLY CRITICAL PIECE IS HOW CAN WE MAKE SURE THAT THE PROJECT IS COMPLIANT WITH ALL OF THESE? WELL WE'RE PROBABLY HAVING LIKE 3 TO 5 AT LEAST DIFFERENT

393
01:17:01.216 --> 01:17:12.994
FUNDING SOURCES AND SO COMPLYING WITH ALL OF THAT CAN GET COMPLICATED. SO KIND OF WALKING THROUGH WHAT THAT LOOKS LIKE AND THEN UNDERWRITE ING YOU KNOW WHAT OUR BANK'S LOOKING FOR

394
01:17:12.994 --> 01:17:23.138
IN TERMS OF UNDERWRITING CRITERIA HOW DO YOU SECURE THAT FINANCING AND SOME MORE INFORMATION AROUND INSURANCE REQUIREMENTS AND WHAT INSURANCE WOULD LOOK LIKE? SO THAT'S KIND OF AN OVERVIEW OF SOME OF THE CRITICAL AREAS

395
01:17:23.138 --> 01:17:35.250
FOR FOR A TRAINING. >> OKAY. WHICH BRINGS ME TO I GUESS IT'S NOT REALLY A REQUESTED ACTION. IT'S MORE LIKE REQUESTED DISCUSSION. SO THERE ARE ALSO SOME MORE SPECIFIC DISCUSSION ITEMS BUT

396
01:17:35.250 --> 01:17:46.828
THESE ARE KIND OF FOR AREAS WHERE WE WOULD LOVE FOR FEEDBACK AND DIRECTION. ONE ARE YOU SUPPORTIVE OF THIS YOU KNOW EXPLORING THIS PATH OF MODIFYING THE VISION, INCREASING THE DENSITY AND

397
01:17:46.828 --> 01:17:56.738
USING THE MISSING MIDDLE HOUSING ORDINANCE TO ANY FEEDBACK ON THE PROPOSED TOPICS OR DIRECTION OF THE DEVELOPER TRAINING PROGRAM.

398
01:17:56.738 --> 01:18:09.117
THREE ANY COMMENTS OR CONCERNS AROUND THE SELECTION CRITERIA THAT WE OUTLINED? AND THEN FOUR IS JUST KIND OF GENERAL ARE YOU ANY FEEDBACK ON THE NEXT STEPS AND THE THE TIMING THE PROPOSED

399
01:18:09.117 --> 01:18:19.361
TIMING OF THIS ITEM? SO THAT IS IT HAPPY TO ANSWER QUESTIONS AND TALK THROUGH COMMENTS QUESTIONS COMMISSION WHO CAME? THANK YOU CHAIR OKAY.

400
01:18:19.361 --> 01:18:30.705
THIS IS GOING TO I'M GOING TO BE VERY VULNERABLE HERE. CAN YOU EXPLAIN WHAT THE DIFFERENCE IS WITH A DETACHED TOWNHOUSE VERSUS I MEAN I

401
01:18:30.705 --> 01:18:41.616
UNDERSTAND THEY'RE DETACHED. I GET THAT BUT WHAT WHAT WHAT MAKES IT A DETACHED TOWNHOUSE VERSUS JUST A SINGLE FAMILY HOME? YEAH, IN TERMS OF WHAT EXACTLY DOES THAT LOOK LIKE IN TERMS

402
01:18:41.616 --> 01:18:51.792
OF CONSTRUCTION? THAT IS A GREAT QUESTION. MY UNDERSTANDING IS THAT REALLY THE KEY DIFFERENCE IS JUST THE ATTACHMENT. SO IS IT A STANDALONE STRUCTURE OR IS IT A TRIPLEX WITH AN ADJOINING WALL? AND SO I DON'T KNOW IF YOU

403
01:18:51.792 --> 01:19:04.672
HAVE MIKE AS OUR PLANNING GURU AND MIGHT HAVE A LITTLE MORE INFORMATION ON WHAT THAT LOOKS LIKE. YEAH, I'LL JUST ADD IT ALSO HAS A LOT TO DO WITH LIKE

404
01:19:04.672 --> 01:19:15.317
SETBACKS. YOU'RE REALLY CLOSE TO THE PROPERTY LINE LIKE FIVE FEET ON BOTH SIDES. SO WHILE A TOWNHOME YOU ARE LITERALLY CONNECTED A DETACHED TOWNHOME MEANS YOU'RE VERY

405
01:19:15.317 --> 01:19:27.262
CLOSE TO THE PROPERTY LINE BUT AREN'T BUT SEQUENTIAL SO IT'S LIKE A TOWNHOME BUT YOU DO STILL HAVE THAT PHYSICAL SEPARATION SO YOU'RE GETTING CLOSE TO THE DENSITY OF A TOWNHOME BUT NOT QUITE YOU DON'T HAVE THAT COMMUNAL WALL

406
01:19:27.262 --> 01:19:36.171
OWNERSHIP WHICH SOMETIMES YOU KNOW WHEN YOU HAVE THAT THAT ADDS HOA IS ANOTHER COMPLICATION. SO THAT'S WHY THERE SHOWING UP TO BE A LITTLE MORE POPULAR IN THE MARKET THESE DAYS THANK

407
01:19:36.171 --> 01:19:48.249
YOU. I HAVE A COUPLE QUESTIONS WITH THAT TRI PLEXUS I'M CURIOUS

408
01:19:48.249 --> 01:20:00.729
HOW THEY WOULD BE STRUCTURED. YOU KNOW I GET DUPLEX SIDE BY SIDE UP DOWN TRIPLEX. I'M KIND OF WONDERING WHAT THIS WOULD LOOK LIKE IS ARE THE LIGHTS GOING TO ALLOW FOR

409
01:20:00.729 --> 01:20:12.107
ENOUGH PARKING? I MEAN I ASSUME EACH STRUCTURE WILL HAVE A GARAGE LIKE YOU KNOW, ALL NEW CONSTRUCTION DOES. BUT WHAT ABOUT, YOU KNOW, ADDITIONAL PARKING WHEN YOU HAVE I MEAN BECAUSE WE ARE

410
01:20:12.107 --> 01:20:23.651
INCREASING THE DENSITY AND I SAY THIS AS A BOARD MEMBER BUT I ALSO SEE THIS AS SOMEONE WHO LIVES JUST A COUPLE BLOCKS FROM THIS. I'M CURIOUS WHAT IT WILL LOOK

411
01:20:23.651 --> 01:20:36.398
LIKE. THAT'S THE FIRST QUESTION. YEAH. CHAIR COMMISSION I DO THINK SOME OF THIS WILL BE SO ONE OF THE NEXT STEPS IS THAT ENGINEERING DESIGN AND SO SOME

412
01:20:36.398 --> 01:20:47.642
OF THESE WILL BE DETERMINED AS WE'RE LOOKING AT LIKE THE DESIGN AND AND CAN THE SITE SUPPORT THIS DENSITY? WHAT DOES IT LOOK LIKE WHERE ARE THE DRIVEWAYS, WHERE IS THE PARKING? AND SO IT WOULD NEED TO GO

413
01:20:47.642 --> 01:20:59.220
THROUGH A MORE FULL PLANNING PROCESS. SO I DO THINK SOME OF THOSE QUESTIONS ARE YET TO BE ANSWERED. RIGHT NOW IT'S THE QUESTION IS MORE LIKE DO YOU WANT TO GO DOWN THIS ROAD OF EXPLORING THAT OPTION AND IS THAT A

414
01:20:59.220 --> 01:21:08.296
HOUSING TYPE THAT YOU'D BE OPEN TO ON THE SITE? OKAY. YEAH. AND THEN I DO HAVE A BIT OF A CONCERN WITH THE TRIPLEXES AND YOU KNOW WHEN YOU HAVE SHARED

415
01:21:08.296 --> 01:21:19.240
THE SHARED WALLS BUT YOU DON'T HAVE ANY AND I DON'T WANT THE CITY TO GET INTO AN HOA. I DON'T THINK THAT'S THE DIRECTION WE NEED TO GO. BUT WHEN YOU HAVE THE UPKEEP

416
01:21:19.240 --> 01:21:30.885
AND IT COMES TIME TO IT NEEDS A NEW ROOF. WHAT IF TWO OUT OF THREE PARTIES CAN'T AFFORD IT OR YOU KNOW THERE'S JUST AND HAVING SOLD SOME TWIN HOMES THAT DON'T HAVE AN HOA, IT'S JUST

417
01:21:30.885 --> 01:21:43.264
IT'S A CONCERN FOR THOSE OWNERS AND ARE THOSE HOUSES GOING TO BE AS WELL KEPT AS YOU KNOW, THE SINGLE FAMILY ONE IS A DETACHED ONE WHO'S NOT RELYING ON SOMEONE ELSE FOR MONEY.

418
01:21:43.264 --> 01:21:52.307
SO I GET THAT GOES INTO THE STUDY BUT I JUST WANT TO BRING THAT UP AS A CONCERN AND THEN

419
01:21:52.307 --> 01:22:05.887
THAT WE'RE PUTTING MORE DENSITY IN HERE IS THERE GOING TO BE ENOUGH GREEN SPACE FOR THE WHEN YOU IF YOU HAVE A TRIPLEX WHAT'S THAT BACKYARD GOING TO LOOK LIKE? EVERYONE WANTS THEIR KID TO GO

420
01:22:05.887 --> 01:22:16.965
OUT AND PLAY IN THE BACKYARD. SO WHAT'S THAT GOING TO LOOK LIKE IS NEVER CONSIDERATION YEAH SHARON COMMISSIONERS YOU KNOW WITH WITH SOME OF THE ZONING CHANGES THE MAXIMUM

421
01:22:16.965 --> 01:22:28.776
DENSITY THIS HAS BEEN RE RE GUIDED FOR LOW DENSITY BUT EVEN WITH A LOW DENSITY PROJECT IT DOES ALLOW UP TO 12 UNITS PER ACRE SO THIS SITE

422
01:22:28.776 --> 01:22:39.787
ACCORDING TO OUR PLANNING REGULATIONS COULD SUPPORT AS MANY AS 48 NEW UNITS. NOW WE'RE NOT PROPOSING THAT WE'RE NOT PROPOSING THEM BUT IN TERMS OF THE QUESTIONS AROUND IS THERE ENOUGH GREEN

423
01:22:39.787 --> 01:22:48.963
SPACE, IS THE SITE GOING TO SUPPORT THIS ACCORDING TO OUR ZONING REQUIREMENTS? SO THERE'S THERE THERE IS OPPORTUNITY TO HAVE EVEN GREATLY INCREASED DENSITY BEYOND WHAT WE'RE CURRENTLY

424
01:22:48.963 --> 01:23:01.208
SHOWING HERE AS THE VISION. >> YEAH. OKAY. COMMISSIONER. NO, I JUST SAY OKAY TO HER YOU CAN GO AHEAD AND COMMISSIONER WHO WE CAME THANK YOU CHAIR I JUST WANTED TO SECOND YOUR

425
01:23:01.208 --> 01:23:12.253
CONCERN ON THE TRIPLEX. THAT WASN'T EVEN SOMETHING I REALLY CAME TO MY THOUGHT BUT I DO THINK THAT IS A VERY VALID CONCERN AND COULD BE A PAIN POINT. SO I THINK THAT'S SOMETHING TO DEFINITELY RESEARCH.

426
01:23:12.253 --> 01:23:23.431
I LIKE THE IDEA OF INCREASED DENSITY. I REALLY LIKE THE DETACHED TOWNHOUSES NOW THAT I UNDERSTAND WHAT YOU'RE SAYING, I DO APOLOGIZE BUT I DO LIKE THAT I'M JUST I DO HAVE A

427
01:23:23.431 --> 01:23:34.609
LITTLE BIT OF A CONCERN WITH THE TRIPLEXES I AND IT IS JUST BECAUSE IF YOU DON'T HAVE AN HOA, HOW HOW DOES THAT WORK AND MAYBE STAFF HAS SOME IDEAS ON THAT TO SUPPORT IT WITHOUT

428
01:23:34.609 --> 01:23:46.387
DOING AN HOA OBVIOUSLY BECAUSE WE ARE DEFINITELY NOT IN THE BUSINESS TO DO THAT. SO YEAH I DEFINITELY APPRECIATE THAT COMMENT AND REALLY WOULD LIKE TO SECOND THOUGHT AND GET MORE INFORMATION ON THAT. BUT I DO LIKE THE IDEA OF THE

429
01:23:46.387 --> 01:23:57.398
INCREASED DENSITY OF THE AREA CAN AFFORD HANDLE IT AND IN REGARDS TO PARKING AND HOW THAT LOOKS WHICH OBVIOUSLY THERE'S MORE TO COME. SO I DO SUPPORT THOUGH LOOKING MORE INTO A LITTLE INCREASED

430
01:23:57.398 --> 01:24:07.141
DENSITY WITH THAT NEW MISSING METAL PIECE I THINK THAT'S GREAT AND I KNOW WE'VE BEEN ON DISCUSSIONS ON THAT SO BE REALLY COOL TO TO ADVANCE THAT

431
01:24:07.141 --> 01:24:19.787
IN THIS PROJECT. I JUST WANTED TO ADD ANOTHER COMMENT I WAS AT THE MEETING AT ST MARK'S WHICH NEIGHBORHOODS WERE WE NEIGHBORS WERE THERE AND SOME WERE FABULOUS, SOME I

432
01:24:19.787 --> 01:24:28.996
UNDERSTAND THEIR QUESTIONS. I KNOW ONE THING WAS THE AMOUNT OF TRAFFIC AND NEED TO CLARIFY HOW MUCH TRAFFIC GOES DOWN.

433
01:24:28.996 --> 01:24:40.208
XERXES RIGHT NOW AND HOW MUCH THIS MAY ADD JUST IN GENERAL WITH THE ORIGINAL PLAN AND WITH THE INCREASED DENSITY BECAUSE I KNOW NEIGHBORS DID NOT QUITE UNDERSTAND AND

434
01:24:40.208 --> 01:24:51.352
HONESTLY ME I IN THAT MEETING EITHER DIDN'T UNDERSTAND THE VOLUME OF TRAFFIC ALREADY ON THAT ROAD SO THIS INCREASE IS LIKE IS IT A LOT IS IT NOT MUCH YOU KNOW SO I'M SAYING

435
01:24:51.352 --> 01:24:59.594
THAT AS A COMMISSIONER AND AS A NEIGHBORHOOD RESIDENT SO THERE ARE QUESTIONS OR

436
01:24:59.594 --> 01:25:13.574
COMMENTS SO NO HEARING NONE. SO DO WE NEED A MOTION TO MOVE FORWARD OR JUST A DISCUSSION ITEM? >> NO, JUST A DISCUSSION ITEM. SO I'VE TAKEN NOTES ON YOUR COMMENTS AND CONCERNS AND

437
01:25:13.574 --> 01:25:24.551
THINGS TO BRING BACK WHEN WE KIND OF WORK A LTLE BIT MORE THAN ENGINEER ON SITE DESIGN AND ANSWERING SOME OF THESE QUESTIONS FURTHER FOR NEXT STEPS. OKAY. THANK ALL COMMISSIONER WHO

438
01:25:24.551 --> 01:25:35.162
CAME JUST REALLY QUICK WHAT'S KIND OF A TIMELINE I THINK YOU HAD ONE ON HERE OF WHEN YOU GUYS THOUGHT YOU MIGHT BE ABLE TO COME BACK. I JUST WANT TO GET THAT IN MY YES, WE HAVE A COUPLE OF STEPS

439
01:25:35.162 --> 01:25:46.074
IN THE DEVELOPER SELECTION PROCESS. I AM ANTICIPATING AN ITEM IN JULY TO BASICALLY CONTRACT

440
01:25:46.074 --> 01:25:58.519
TO TO RUN DEVELOPER TRAINING SESSIONS AND THEN IN TERMS OF DEVELOPMENT OR AND THE VOLUNTEER SELECTION ACTUALLY WE ARE LOOKING AT THAT AUGUST MEETING TO SELECT AN ENGINEER AND POTENTIALLY TO SELECT

441
01:25:58.519 --> 01:26:10.197
DEVELOPERS YOU KNOW DEVELOPER SELECTION MIGHT BE A LITTLE BIT LATER AUGUST SEPTEMBER BUT WHERE WE WOULD BE AIMING TO COMPLETE THE TRAINING LATER THIS YEAR. THANK YOU. THANK YOU.

442
01:26:10.197 --> 01:26:18.606
ALL RIGHT. I THINK WE ARE DONE WITH THIS ITEM. THANK YOU SO YOU CAN SIT DOWN FOR THIS ONE.

443
01:26:18.606 --> 01:26:28.783
THE NEXT ITEM 6.2 IS HRA ADMINISTRATOR UPDATES I AM I PULL THEM UP ON MY COMPUTER

444
01:26:28.783 --> 01:26:50.337
HERE . OKAY I HAVE QUITE A FEW THAT'S I'LL JUST RUN THROUGH AND FEEL FREE TO STOP ME IF YOU HAVE QUESTIONS FIRST ON THE PACKET

445
01:26:50.337 --> 01:27:01.816
IN THE UPDATES SECTION YOU'LL NOTICE WE DID GET AN A LETTER FROM HUD BASICALLY REMINDING US OF OUR OBLIGATION TO REPORT FRAUDULENT ACTIVITIES UNDER FEDERAL FUNDING.

446
01:27:01.816 --> 01:27:13.428
SO I JUST INCLUDED THAT AS AN EXAMPLE OF SOME OF THE COMMUNICATIONS THAT WE'VE BEEN GETTING ON THIS TOPIC AND THAT LETTER SPECIFICALLY ASKS US TO SHARE OUT THE LETTER SO IT'S INCLUDED THERE FOR YOUR REVIEW

447
01:27:13.428 --> 01:27:24.972
,SOME PROJECT UPDATES ON THINGS COMING UP THE PROJECT WHICH IS THE APARTMENT THAT WE LOOKED AT IN MUST HAVE BEEN MAY THEY HAD INDICATED THAT

448
01:27:24.972 --> 01:27:35.749
THEY WERE GOING TO APPLY FOR SOME ADDITIONAL FUNDING SOURCES AND THEN WOULD COME BACK AT A LATER DATE TO THE HRA. SO THEY DID RECEIVE $900,000 FROM THE COUNTY AND THEY HAD

449
01:27:35.749 --> 01:27:46.961
APPLIED FOR 1.5 MILLION. SO IT'S A LITTLE BIT LESS THAN WHAT THEY APPLIED FOR BUT THEY DID RECEIVE FUNDING STILL WAITING ON A DECISION FOR SOME ADDITIONAL FUNDING SOURCES SO THAT THAT IS SOMETHING THAT

450
01:27:46.961 --> 01:27:55.102
WE'RE LOOKING AT POTENTIALLY BRINGING BACK IN JULY. IT DEPENDS A LITTLE BIT ON TIMING OF THOSE FUNDING ANNOUNCEMENTS EXCUSE ME AND THEN CONTINUING DOWN THIS

451
01:27:55.102 --> 01:28:06.380
TRACK OF PROJECT UPDATES. LAST YEAR WE DID A PROMOTION IN PARTNERSHIP WITH OUR SUSTAINABILITY TEAM TO OFFER FREE HOME ENERGY SQUAD VISITS

452
01:28:06.380 --> 01:28:19.727
FOR THE SUMMER SO WE HAVE LAUNCHED THAT PARTNERSHIP AGAIN AND SO WE'RE ACTIVELY MARKETING THAT PROGRAM AND SO THAT WAS VERY SUCCESSFUL LAST YEAR WE HAD OVER 180 VISITS AND ABOUT HALF OF THOSE WERE

453
01:28:19.727 --> 01:28:29.102
IN BELOW 80% OF THE AREA. MEDIAN INCOME FAMILY IS SO EXCITED TO SEE THAT MOVING FORWARD AGAIN THIS SUMMER. PROPERTY UPDATES SO I UPDATED

454
01:28:29.102 --> 01:28:41.048
LAST THE LAST COUPLE OF MEETINGS AROUND THIS ENERGY PROGRAM CALLED LIAR OR LIAR LOW INCOME RENTAL EFFICIENCY. I FORGET WHAT IT STANDS FOR

455
01:28:41.048 --> 01:28:53.060
BUT IT'S ESSENTIALLY A PROGRAM WHERE FOR INCOME QUALIFIED RENTER HOUSEHOLDS THEY'LL DO FREE INSPECTIONS OF THE HOUSE FOR ENERGY EFFICIENCY UPGRADES AND THEN ISSUE A REPORT OF RECOMMENDATIONS.

456
01:28:53.060 --> 01:29:03.904
SO WE ARE STARTING TO RECEIVE THOSE RECOMMENDATIONS. SOME THINGS THAT WERE INCLUDED WERE SOME HIGH EFFICIENCY WATER HEATER REPLACEMENTS AND THINGS LIKE THAT. SO THEY DO COVER A PORTION OF THE COST OR THOSE

457
01:29:03.904 --> 01:29:14.949
IMPROVEMENTS AND SO WE'VE MOVED FORWARD WITH MAKING SOME OF THOSE CHANGES BECAUSE ALSO BECAUSE WE CAN USE THE CDBG DOLLARS AS THE HRA HALF

458
01:29:14.949 --> 01:29:25.626
OF THAT CONTRIBUTION. SO WE ARE MOVING FORWARD WITH SOME OF THOSE UPGRADES ALREADY . WE ALSO HAD OUR EMERGENCY MAINTENANCE PROVIDER WHO HAS BEEN DOING VERY WELL HAD A

459
01:29:25.626 --> 01:29:35.235
TEMPORARY HALT ON SERVICES AS OF LAST THURSDAY. SO SHORT TERM WE HAVE STAFF ACTING AS AN EMERGENCY CONTACT FOR OUR RESIDENTS BUT THERE IS A POTENTIAL FOR SOME LONGER

460
01:29:35.235 --> 01:29:45.279
TERM IMPACTS. SO WE ARE EVALUATING WHAT THAT LOOKS LIKE AND TRYING TO MONITOR THE SITUATION AND JUST BE AWARE OF WHAT'S GOING ON IN THAT SPACE. ALSO EMERGENCY RENTAL

461
01:29:45.279 --> 01:29:56.123
ASSISTANCE. SO THIS WAS APPROVED BY THE CITY COUNCIL IN JANUARY AND BY THE HRC IN FEBRUARY. I KNOW IT'S BEEN A WHILE SINCE WE'VE UPDATED ON THIS ONE SO I JUST WANTED TO GIVE YOU A QUICK UPDATE THAT THE HRA

462
01:29:56.123 --> 01:30:07.368
APPROVED MOVING FORWARD WITH FIVE CONTRACTS. ONE OF THE GROUPS DID DECLINE BECAUSE OF THE STATE REPORTING REQUIREMENTS. HOWEVER WE ARE ACTIVELY WORKING WITH FOUR PARTNERS. IT'S BEEN A LITTLE BIT SLOWER

463
01:30:07.368 --> 01:30:18.045
THAN WE EXPECTED TO GET THOSE FUNDS OUT THE DOOR SO WE'RE GOING TO BE WORKING WITH OUR PARTNERS TO DETERMINE WHAT THE BARRIERS ARE AND YOU KNOW, WHAT CAN WE CAN DO TO RESPOND . ALSO REGARDING THE HEIGHTS, I

464
01:30:18.045 --> 01:30:29.757
KNOW THERE HAVE BEEN SOME QUESTIONS AROUND PROGRESS WITH THE HEIGHTS WE SPOKE WITH THE CONTRACT, THE CONSTRUCTION MANAGER AND THE PROPERTY MANAGER AND THEY WERE HOPING FOR A SEPTEMBER COMPLETION

465
01:30:29.757 --> 01:30:41.068
DATE. SO THAT'S SOMETHING WE'LL CONTINUE TO UPDATE THE BOARD ON AS WE GET MORE UPDATES. UM WELL THAT'S THAT'S A LOT. I HAVE A COUPLE MORE MAYBE I'LL PAUSE THERE.

466
01:30:41.068 --> 01:30:52.146
YES. THANK YOU. IN REGARDS TO RENTAL ASSISTANCE, I KNOW ONE OF THE MAJOR ISSUES THAT I'VE HEARD ABOUT IS THE FACT OF THE

467
01:30:52.146 --> 01:31:05.760
REPORTING IS THE FACT THAT WHETHER CITIZENSHIP OR NOT THERE IS A MARGINALIZED COMMUNITY THAT REALLY DOES NOT WANT THEIR NAMES DOCUMENTED ANYWHERE.

468
01:31:05.760 --> 01:31:14.702
I DON'T KNOW HOW WE GET AROUND THAT BUT I'M I'M PUTTING A CHALLENGE OUT THERE TO SEE IS THERE ANYTHING THAT IS THERE ANYTHING THAT CAN BE DONE TO

469
01:31:14.702 --> 01:31:26.213
HELP WITH THAT? I UNDERSTAND WE HAVE TO I IT'S A YOU KNOW, IT'S SUCH A TOUGH SITUATION BUT I KNOW THAT THAT'S ONE OF THE BIGGEST

470
01:31:26.213 --> 01:31:37.524
IMPACTS IS THERE'S A BIG FEAR IN REPORTING WHETHER NO MATTER IMMIGRATION STATUS THERE'S JUST A HUGE FEAR OF GOING INTO A DATABASE. YEAH.

471
01:31:37.524 --> 01:31:48.903
SO YEAH, I CHAIR A COMMISSION THAT'S WHAT WE SUSPECT IS THE BARRIER. I WILL SAY WE'LL BE ENGAGING WITH OUR PARTNERS A LITTLE BIT MORE ON ARE THERE SOLUTIONS AND IT IS A TOUGH SPOT AS YOU

472
01:31:48.903 --> 01:31:59.546
SAID BECAUSE WE DO HAVE REPORTING REQUIREMENTS SO THAT IS SOMETHING THAT WE HAVE JUST NOTICED THAT IT'S BEEN SLOWER TO GET THE DOLLARS OUT THE DOOR AND SO WE'RE KIND OF LOOKING AT WHAT WHAT ARE SOME OPPORTUNITIES THAT WE

473
01:31:59.546 --> 01:32:10.191
HAVE TO TO HELP THAT FLOW OF YEAH, OKAY WELL I'M I'M ALMOST DONE.

474
01:32:10.191 --> 01:32:21.268
I DID REVIEW FOLKS AVAILABILITY AND I'M LOOKING AT AUGUST 19TH FOR A TENTATIVE BOARD RETREAT SO I'M PLANNING TO SEND OUT A CALENDAR HOLD

475
01:32:21.268 --> 01:32:33.614
STILL WORKING ON TIMING FOR DAY VERSUS HALF DAY. I'M PLANNING TO SET OUT A FULL DAY HOLD BUT HOPEFULLY IN THE NEXT WEEK OR TWO WE'LL HAVE A LITTLE BIT MORE CLARITY IN TERMS OF TIMING. BUT IF YOU COULD MAYBE JUST

476
01:32:33.614 --> 01:32:44.525
NOTE THAT AND TENTATIVELY HOLD YOUR CALENDARS AND WE'LL BE LOOKING AT THAT DATE AND THEN JUST A COUPLE LEGISLATIVE UPDATES. SO THESE ARE NEW NEWLY DEVELOPING BUT JUST THINGS

477
01:32:44.525 --> 01:32:55.369
WE'RE KEEPING AN EYE ON. SO THE 21ST CENTURY ROAD TO HOUSING ACT AS FEDERAL LEGISLATION AND THE GOAL ON THAT IS TO ADDRESS THE GROWING HOUSING CRISIS AND IT'S A THIS

478
01:32:55.369 --> 01:33:07.948
IS RARE BIPARTISAN BILL THAT'S RECEIVED A LOT OF SUPPORT AS CURRENTLY WORKING THROUGH CONGRESS AND A COUPLE OF THE THINGS THAT MAY AFFECT US WE'RE STILL LOOKING INTO YOU KNOW, WHAT'S THE SPECIFIC

479
01:33:07.948 --> 01:33:19.226
LANGUAGE BUT STREAMLINING OF HCV INSPECTION REQUIREMENTS AND POTENTIALLY ENVIRONMENTAL REVIEW CHANGES. SOME OF THE OTHER ELEMENTS OF THIS ARE INVESTOR RESTRICTIONS TO LIMIT LARGE

480
01:33:19.226 --> 01:33:31.472
INSTITUTIONAL INVESTORS FROM PURCHASING SINGLE FAMILY HOMES ,ALSO EASING REGULATIONS ON SMALL AND COMMUNITY BANKS AND ADDRESSING SOME MANDATES ON

481
01:33:31.472 --> 01:33:40.347
IN TERMS OF THE DEVELOPMENT OF MANUFACTURED HOMES. SO QUITE A FEW CHANGES THAT WE WOULD EXPECT TO SEE ARE STILL KIND OF WORKING THROUGH WHAT EXACTLY THEY ARE AND HOW DOES THAT IMPACT HRA PROGRAMS.

482
01:33:40.347 --> 01:33:51.125
BUT IT IS EXCITING TO SEE A BIPARTISAN BILL LIKE THAT GO THROUGH ACKNOWLEDGING THE HOUSING CRISIS AND TRYING TO PUT STEPS IN PLACE TO ADDRESS IT AND THEN THE OTHER UPDATE

483
01:33:51.125 --> 01:34:02.803
IS THE OFFICE OF MANAGEMENT AND BUDGET. THE FEDERAL OFFICE HAS PROPOSED SOME REVISIONS TO GOVERNMENTWIDE RULES FOR FEDERAL FINANCIAL ASSISTANCE SO THEY ARE PRETTY

484
01:34:02.803 --> 01:34:13.146
SIGNIFICANT. THERE'S LIKE A 400 PAGE DOCUMENT ONLINE THAT SPELLS OUT ALL OF THE WHAT THEY ARE SO WE ARE MONITORING THAT AS WELL. COULD AFFECT HOW FEDERAL

485
01:34:13.146 --> 01:34:24.492
AGENCIES DESIGN REVIEW AWARDS, SUSPEND AND OVERSEE GRANTS. SO KIND OF JUST WORKING THROUGH A LOT OF POTENTIAL LEGISLATIVE IMPACTS. MY SUSPICION IS WE WON'T SEE DRAMATIC IMMEDIATE IMPACTS BUT

486
01:34:24.492 --> 01:34:35.870
WE HAVE TO KNOW, YOU KNOW, THE DETAILS OF HOW THEY IMPACT OUR PROGRAMS AND ESPECIALLY OUR FINANCIAL REPORTING. SO JUST KIND OF SOME JUST SOME LEGISLATIVE ACTION THAT WE'RE KEEPING AN EYE ON THAT I WANTED TO LET THE BOARD KNOW

487
01:34:35.870 --> 01:34:43.877
IS COMING UP. SO THAT IS IT. THAT IS ALL MY UPDATES. I'M HAPPY TO ANSWER ANY QUESTIONS. NO QUESTIONS. I THINK EVERYONE'S BRAIN IS FULL.

488
01:34:43.877 --> 01:34:57.124
YEP, THAT'S RIGHT. SO WE HAVE REACHED THE END OF OUR AGENDA SO MAY I HAVE A MOTION TO ADJOURN THAT TUESDAY, JUNE 23RD 2026 HRA MEETING SO MOVED BY

489
01:34:57.124 --> 01:35:05.065
COMMISSIONER WHO CAME IN SECOND BY COMMISSIONER ROBERTS AND ALL IN FAVOR I MOTION PASSES FOUR ZERO THANK YOU EVERYONE