? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? A roll call, please. Bowie.
Yang here. chair Johnson here. >> 7 presence or absence. >> And item number one is approval. The minutes and my and 26 dash 18. >> Approval of the meeting minutes. I really trust that everyone had a chance to to review these. I'll take a motion from. >> Sergio's to approve all those in favor. I. Well, those of us. 7 and favors or opposes the minutes are adopted. Item. Number 2, this discussion re us. 26 Dash 8, 8, 9, >> Resolution of the housing and Redevelopment Authority. A of the city of Saint Paul exercising trees authority to opt into and support the Ramsey County Economic Development Authority DDA. >> All right. So there was some of communication and discussion points last week, really that's over. So it's back in front of us. >> I'm just going to look like having to visit me discussion item. Council president. commissioner, thanks Johnson. I want to say that. I mean the first of all, appreciate the time and attention that all of taken with this matter. Grateful to the county and particular, the 2 HH heir for the attention and the time that we've taken over the last week, some think it's really important to me is that as we make this decision million dollars going towards economic development rather than to
affordable housing that w have a good sense and feel good about where those dollars are going. And I feel a lot more confident after the discussion that we had over the last week that not and just staff but also policy makers will be able to weigh into that and and help guide those decisions. So grateful for the time and happy to support patient. Thank you. Commission acre. >> I also just want to echo the sun, the appreciation for the extra time that was given, especially women questions are things that last-minute. It's important for us to be able to take those concerns into consideration and also to be able to have a meeting to talk about that. So we're able to do that. I think thing that's really important as well, and I appreciate the clarification from her attorney's office to is that right? Not only are we opting in afternoon for 5 years and I think being able to clarify that, you know, and this fall in this piece of what that means is just because by state statute, we actually will be able revisit this conversation 5 years from now. Just so people are clarified that maybe was important to take another time pause and also make sure that folks are on the same page because this is million dollars economic development, potentially roughly around
there within the city of Paul. But it also is something that has not been done before and some of that we would be doing for the next 4 consecutive years after this. And so just something that I think is really important about the significance of this item. People who are looking and wondering like what exactly this isn't what it means with that. We do have a version to in place which kind of talked about last week. discussion really primarily stemmed from the bureau's all cause that has now been removed in the version 2. So with that, I will move the motion forward for version 2 of this item. Any frther discussion questions. Commissioner Change. I said I can say really how you know how transparent you have been about just the changes and also. >> The responsiveness in terms of making sure, you know, know both parties are in agreement. I just have a question particularly around understanding that we are moving that caused. What continue conversation around the spending plan and how the dollars are used and how the dollars will be allocated, which I think understanding these are 2 separate right to a Ramsey County. It's a paw. You know, what we know is their understanding that there are invested in that
collaboration that is wondering what does that look like operational? We? Yeah, I think I really appreciate that question. Commissioner Bowie and I do see Deputy County manager Collins county commissioner, Sean, here as well. And I think it's important for the county to be able to answer that with us to someone and bite them up at this time because this was awesome that we talked about, as I mentioned during the discussion, one of the request that we had was at the time was around, maybe me to have an official language, the resolve of knowing which front wasn't there wasn't necessarily a willingness to have different language. And was really just been asked to remove the cars altogether. But we did talk about some of that partnership, he says, but I think it's important for the county to reiterate to this body, how you envision working directly with Dallas with us as policymakers. And I think we even talked about in the meeting. The difference between how the county, where nuns in this body and why that was even put in in the first place. And also for Mike Commissioners awareness. We did also sadness t send just the updates and the rationale behind that. It's to commissioner take a Moran, John and party.
Thank you so much. and a tree commissioners. Terry Collins said county manager for economic growth. If you commute vestments service here, Ramsey County, great question. Thank you so much for the opportunity. Not just today to speak on that, but for the conversations in the past weeks and months about this endeavor, I'll start and then commissioners I if you want to jump in on from the staff perspective, you know, we have really been kind of trying to build out our small business programming the recommendations initially from our economic competitiveness, competitiveness and inclusion plan, which I believe some of you are part of that endeavor. It called out a whole kind of sweet of small business offerings. That to be frankly, we just haven't had the flexibility of funding sources to be able to. >> You know, provide investment into those areas and a really meaningful way. And so through this opportunity of expanded HRA eligible A T we can carve out some of those funds to be able to do more with the programs available to us. And so, you know, whether it be the programs that we we offer now such as are emerging in diverse developer program, open to business CEO next. All of those programs are built on a healthy amount of community
engagement and partnership with our city partners through one being economic development summit. We host those quarterly staff from the every corner of the county participate commuted on the directors, et cetera, city staff from the city Saint Paul have historically participated. But we want to ensure, you know, as previously mentioned, that we extend an offer to all of your AIDS assistance to be a part of that going forward as well. That's we use that body as a sounding board for programming to ensure that we're not creating programs that are going to work with our communities that are duplicative but are truly complementary to the programs that municipalities are providing as well. And, you know, as of now, we've got this big spreadsheet that will be at our next economic development summit coming up here in July. That demonstrates, you know, checkpoints where all of municipalities are offering a range of services. The state offers a range of services, small business support organizations, small business development centers. And exploring where those gaps are and will want to take and feedback for the program or assignment aspect of this and ever. So it doesn't stop today with your consideration of opting in. It continues to be refined as we go through the remainder of the year and
it continues to be refined year after year to ensure that the programs that we're delivering are meaningful that >> being well received by community. And that's going to take a lot of evaluation and partnership with all of yu and your communities. And so with that at all, all. What commissioners on taking away. >> Thank you, Madam Chair Commissioners. I might turn I represent district 6. I'm also the chair of the county's HRA again. Thank you for the opportunity to have many conversations with you all about this in terms of the spending and the input point county manager followed up with a email that lays some of the spending areas and those buckets that were named 5 core areas and that I just also want to say that, you know, this is a moment many of our community members have also been a U.S. in a time where all of our budgets are being stretched and we all have to be able to respond to, you know, dismantling of our social safety nets more than ever. We are going to going to need to build up economic resilience resiliency in our community is we see that the affordable housing and economic development is on the same side of the coin. Great on both sides of the points. And I just share that says, say that the input that we receive are deftly from
community members. And addition to that, it's also from you all in which our commissioners also have deep relationships with our local elected city, including this body as well. I just also want to give an example o of building sronger together when we laid our big, bold investments. Signal to our community is about where those dollars or where we wanted to invest. And so partners such as the City of Saint Paul Public Works, Department was able to reach out to us and say, hey, we have deadline due to to leverage. You can get federal funds. Can you be can you send in support letter? And that took a weekend of work for the county manager's office to state. We we've I signal this to community. We can move dollars from here to directly here. So that's just an example where it came back to the policymaker. So I I just share that as an eample of to say that this is how policymaker provide the input at the approval. And we that says our relationship with the other HRA is are definitely we are any time we see that come across our table like those are the questions we are asking about. We are our partners are at include asking for that support. >> Council her keep doing that. Commissioner, thanks, Madam Chair. And just year question. Also, Commissioner
Bowie. think the Chair John mentioned one of the pieces of information. We now have county manager Becker is not just the buckets, but also the amounts allocated to each of those buckets, which is a level of specificity that we didn't have before. So again, this is all work that really under the cairs, leadership happened over the course of the last week. That makes me feel a lot more certain about exactly where these dollars are going to go. I think just kind of following through and I'll share with our colleagues my intentions and want to share it on the call was that we would be able to also make sure that >> commissioners here have pathway to ensuring that our county commissioners know at least wear. So our interest lies from the buckets that are given from the how I think one of the biggest things about this competition has been where and how treat city be back. Council feedback and 2, the county process. Check your but also just being able to have a formal channel for that, I think is gonna be really important. So we will most likely follow up with just an input. I encourage account council members send their legislative aides as a part of that discussion because that was something that came out of it. I know be planning to talk to mind when she returns. So seeing no other questions. Take a motion. Then from
commission acre to a of the ocean. So all those in favor, all opposed. 7 and thing 2 year olds resolution is adopted version 2. >> And number 3 is resolution. 26 Dash, 7, 9, 2, resolution appointing Melanie McMahon is the executive director of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota. And really, of the version to for this one vote to approve. >> I will take some time and take a pause for comments from my colleague Sen are any questions that may come up. Seeing none on. I personally just want to share that. One of the reasons why we wanted to bring this forward and this process as well is because I think one of the things that's going to be really important moving forward is the partnership that exists between current plan, economic development director. >> And are at this offense approved are now executive director of the tree at the city. And shared a lot of different comments over the course of the last couple of weeks. I won't belabor the point and to simply say we look forward to being able to work with you and what the road looks like ahead, especially for the jury and the jury budget process and the work plan that we have been able to share and we look forward to being able support your leadership in that rle. So all in favor. Make the motion. I did. And it was to
prove a vision to. No poblem. All posts. >> 7 and favors here opposed resolution is adopted version 2. Item. Number 4 is the staff report. S are 26 dash. 1, 1, 1, introduction to culture. Plus a tip district, 17 war 2. >> You only see ad saying familiar face. Coming up to the podium as had an extensive conversation. Perfect cdbg intent this morning. You know what? That's what we've been able to spend a lot of time to cover today's and welcome back to the 7th of the in regards to headed over to director for man. And thank you so much for being here again. this is introduction of the items so action 4 u >> 2 weeks when at when came to is that when had the chair a meeting and I know this will reached a previously. But again, if there's any follow-up between this week and next, we're happy that answer any questions as well. If you think after today's presentation. Thank afternoon Chair Johnson commissioners. I guess I just want to know how much time I have the presentation, those kind of give back around them. Am I kind of skipping over some of that and just focusing on this request. I think because we're so close with te 2 presentations. I feel like you are more than welcome to skip directly to what the project all right.
sounds good. Thank you. >> This tragic proposed project located at one. 7 5th Street east across simply street from Mears. Park includes conversion of the Plaza office floors to 166 units of market rate housing. And that include 29 studios. 82 one-bedrooms and 55 two-bedroom units. The initial rents are deemed affordable to households with incomes from 60%, 100% of AI. And alter Pfizer's on the National Register of Historic Places and will need to follow the secretary of the interior standards during the renovation improvements will be made to the Skyway level and other public areas at the street level, including sidewalk improvements. And by way of comparison, here's a of the current office area which has been vacant for many years. Fico's Gualtieri LLC purchased the office structure in 2019 with the intention of converting office space to rental apartments. However, development plan stalled due to COVID. Beagles Gualtieri LLC applied to the HRA requesting tax increment financing to advance the redevelopment to produce market rate. Rental units. And initial step in this process is to ensure the statutory requirements to create a redevelopment, hip district can be met. Therefore, the tree retained the services of
LHP to complete the study and they're professional with their professional experience. And they've determined the building does qualify with significant cold deficiencies and i qualifies under the statute as a substandard building. The shows a map of the proposed TIF district and it's in with within the existing 7th place project area downtown. It includes the office star and just the Skyway portion of the Y field. Why parcel which parcel purchased by the Eagles in 2021? The parcels comprising the proposed TIF district are currently within the Minnesota event TIF district and they will need to be removed as part of the requested action. The developer and owner of the property is fee goes both here the survey of a quick question from commissioner maker may not be thank you, Chair Johnson and I'm curious in part because we are I think using this as a case study from our previous. >> The information we cleaned earlier this and wondering how we determine that this would be the project And if you can see a little bit more about what the implications of the project area are. Chair commissioned maker. >> So being that this is an existing in an existing TIFF district. That tip district is in an existing project area. >> Although project areas can
overlap, tip districts cannot. our approach has been to. If if the property is in a project area, we just to fall to using that same project area, the project area is where you can expand the tax increment under your pool. Even if you're not qualifying affordable housing, which can be citywide. So if if we were going to do other public improvements outside of the TIPP district boundary, they would you need to be within the project area. >> But this new TIF district within the existing project area will mean that more dollars are available to be spent in this project area coming from this district. That is correct. Very >> The developer and owner of the property is ghost goal to see and he goes is the managing member is real estate development and property management company in operation since 1984, they own over 50 multifamily projects with 10,000 units throughout the metro area and they own and operate 1500 units downtown, including Kellogg Square, Go Tear Towers Mears, Park, Place, floor town loss and the Cosmopolitan they operate. The former YMCA under the name Sky Rack as an amenity for existing residents and the space would be available for the new resident single tear Plaza. The uits with think alter flaws and
will not be income restricted. But the initial proposed grants will be affordable to households with incomes from 60%. 100% of am I the rents are shown here by unit type and they range from $1125 for studio 2, $2,800 for a two-bedroom unit. And for reference, we have included the income levels as most recently published by HUD. showing 55,150 is one person household income in a one-person household at 60%. Am I? So that's the you know, household qualifying for one of the studio apartments and then a 2 person household at 70% am I is 73,006, 40 and then lastly, a 2 person household at 100% am I would be 105,200. And the table in this slide shows kind of where the unit types are and income. set asides would or the income qualified incomes would be qualifying. Excuse the affordable incomes would be. and this shows that 37% of the units have the proposed initial rents affordable to households at 60%. Am I? But again, the units will not be income restricted, which would be what is required for affordable housing. This this shows the project sources and uses. So the total development cost just over. 56 million dollars. And it includes the 8 resources that if Paige von note on 4 million, 560,000 and then a tough spending plan, forgivable loan of 650,000.
then the other sources include a private loan and equity of the developer as well as equity generated from the historic tax credits and that's state and federal historic tax credits. So the propose a tree assistance includes the pay. As you go note and we would pledge 65% of the collected tax increments to maximize the pool within te district and up to 650,000 in spending plan tiff to reimburse the developer for their city permit fees and the cost of public improvements, including the Skyway level. The spending plan to flown will be forgiven a fun project completion. I'll give a little background on the spending plan TIF. So last December cheree approved an amended and restated spending plan that included interest earnings on or transfer tax increment. That is the source for this 650,000. The current expected total interest that we have available is about a million. So that does leave dollars available for other projects that required. Projects projects will need to commence construction this year. And we have to disperse the dollars this year. And the project cast include new Construction or substantial rehab. So that same as what was qualify required under the spending plan. Law. I saw him in a glass over the background on tariff. I'll just reiterate
that I shared this pie chart earlier, but this is the proposed distribution of taxes for the call. Tear FAA's a TIF district. And then now I'm on to slide 15 here with the Minnesota event tip District Amendment. So because the parcels proposed to be in the new TIF district are in an existing tiff district, a tee Ford. We'll have adapt and amended plan that will remove those parcels so that take them out of the district and the result Minnesota events to district will be, you know, smaller by the amount taken out. The impact is minimal to the Minnesota event. If district it currently generates these precious currently generate $14,532 of 8 recollected increments. So the events to district. does collect increment and then we have to pay the county share back to them. So this represents the amount that is is retained by the Under amended Minnesota event, Tipp District plan, which is to provide capital improvements to the river Center. >> Arena and adjacent areas. >> The goal to positive plan was prepared by PD with input from Ramsey County. The expected taxable value 28,552 1000. This is 172,000. The unit. This results in an increased market value of 26 Million 7.54. The tree will elect a first receive tax increment in pay 2029. And
final collection would then be in 2054, which is 26 total years. The projected annual income uncollected upon completion is $484,930 per year, which results in a total tax increment collected of 12 Million 6. '09. And at least 25% of the tax increment will be pulled for qualifying affordable housing projects. And that's estimated at 3 million 7.50, and then up to 10% for admin. And then this is is the budget that is included in the TIF plan aside from the tax increment collected from the PRI party is interest earnings. So that brings the total spending budget to 13 million, one on 9. then the last item listed as the interest. So that's the interest that is due under the pay. As you go note to reimburse a developer for their eligible costs in the principal amount to 4 million, 5, 6, As discussed. Other times did engage ehlers as our municipal advisor to evaluate the perform cost of the project and how they would operate the project to make sure that they need that ehlers. Provided read a memo to And I'll just say One of the changes that we have done is they're they're memo is now an exhibit to our to plan. An artist Is is available now for public because we did publish that notice. If anybody wants a copy of that, otherwise it'll be attached to the
action next week. And so that memo from Ehlers is included in plan, as is the LHP full report. So that is something that's been change in practice. And then we took that advice from the Port Authority. That's how manage their to And that's time. So I was concluded that the project needs to Tiffin already happened. For the Tip Development Agreement so we the development agreement. eyes a trade know up to the maximum principal amount. 4 million, 5.60, would be issued upon completion of the project. So the developer has to. Secure the funds to build the poject to complete the project. They have get a CFO and they have to we have to certify that they've completed it and covered all of our requirements. And then we will issue that. If a note. The spending plan to flown would be up to a maximum of 6.50, and again, that'll be determined based on the actual eligible costs. then the development agreement will also have a look-back provision which allow us to make sure that all time estimated projections for the cost of the project and the operations of the project are actually is are occurring and that the developer is not being over in look back. We'll have. be done at the time. The project is completed, validate all the costs. And then when
the project is stabilized, operations to validate the operating revenues and expenses and then lastly, if the project is sold. And then just real quick, the compliance tax increment financing of this amount triggers all of our compliance areas for daily wages, affirmative action, vendor outreach, living Wage Project Labor Agreement, sustainable building ordinance in a tree to that policy. We will be looking to have action on this item next week to intent. And again, the action will include the amendment to Minnesota event plan and then establishment of the new TIF district adoption of a to plan and an execution of a development agreement. Adam Neumann from Vigo says If there are questions of the developer about the project, otherwise don't that area. Thank you, Wolf. >> Are there any questions that folks have any comments that they'd like to share on the item? Commissioner? thank you. Madam Chair. I don't have any questions. Thanks so much for the helpful presentation. And I mean to say the bulk of my comments for after the public hearing next week. But I do want to recognize and thank Mr. Newman for being here today. Wonderful. Thank you, NY and likewise, just more. So I'm for the interest of time for today. But I
genuinely appreciate any time that we have. Developers in the world has fallen. because we have a couple more updates today. I want to I want invite Mister New Revenue. So the profit, if we do have additional questions and we want to hear from him and the happy to do that. Heading into the next item as well. But appreciate you Item. Number 5 staff report Sr 26 dash, 1, 1, 2, introduction to the acquisition of to 59 University Avenue West District, 7 war, one. Director Yes, thank you. This is an introduction to the item. There will be action for consideration next week. We have Jonathan restrict here to provide update. >> Welcome. Welcome Put up on the science. >> That's probably sign >> Jonathan, if you press control well, at the same time, it should. Thank you. Chair Johnson commissioners John 3 principal project manager on the economic development team. And today will be talking about. We'll be introducing the resolution approving the acquisition of to 59 University Avenue West. Also has stated to 59 University Avenue West is Ward. One district 7. It is near the corner of University Avenue in Gulf here sreet about halfway between the green line stops
of Capital Ray Street and Western Avenue. It is surrounded by 6 a jury on parcels that are known collectively as the Saxton Ford's side as there was a Ford dealership under that name previously. own parcels were acquired between 2006 2009, the share Burnett Avenue, Parcells used to be single-family or duplex sites. All 3 Chevron Avenue parcels are now currently vacant. Lots. Structures on them were demolished either before the age requires them or just after. University Avenue, parcels were commercial sites. This is where this action for dealership operated. All 3 are vacant as well. But to 53 to 55 each have buildings on them that are registered with the city as category 2 vacant. And to 63 is paved and a vacant lot as well. Among the funding sources used to acquire these 6 parcels was a la and the lone land which stands for land acquisition for Affordable New Development which requires the 20% of new housing units developed on the site would be made available at 60%. Am I so this? I will carry a portable affordable requirements when it is developed. So why do we want to acquire to 59 quite simply to create a more continuous redevelopment site that allows for higher density development along the green line. Which the key to zoning districts
will allow for. The source for this of acquisition. We have reserved Cdbg Community Development block grants. And as you probably know, 100 choirs that we need a national objective when we use even G the national objective that we've identified is slum blight. And so this will be met once we won. That's why are the property? And then to demolish the structure to prepare the site for redevelopment. The acquisition Price is $600,000 was listed on the market for $625,000. Looking at the timeline. There's a purchase agreement already executed, which is contingent on a jury board approval. So this item passes next week, the purchase agreement will become effective. City council would then need to approve the spending of Cdbg. That would hopefully be on the June 10 City Council meeting agenda as well. And then closing could be as early as June. 11th. Next steps include environmental site investigation, which is a requirement of our cdbg usage. Demolishing the building at 2.59. As well as the buildings on to 53 to 55 and then assembling the site as one continuous site and soliciting for redevelopment. Are there any questions? All right, commissioner, me, thank you, Johnson, and thanks so much, >> For tis presentation, I a
couple questions. But before that has wanted to say, I really I'm happy to see that there's some level of action being taken on When I think about live in neighborhood for majority my life and just seen some of the safety issues and just really remaining bacon sand not having much any opportunity or imagination. So I definitely am happy that there's some attempt. I also want to just ask, particularly just for the purpose for community education. What is the current state of the building condition and like vacancy level understanding that this is a very cherry property majority of our a jury. Lots are just vacant lots. This is only believe in Ward. One aside from the Lexington Library that actually has a structure on the lava. Can you speak to the condition of that of the building? >> Sure. Yes. And commissioner do you mean 2.50, the building on to 59 university or the buildings that are on to 53 2.55. All about okay and said that the building that we're looking to acquire on 2.59 is is not baking. It's ocupied where it has been historically occupied. I don't know if it's currently occupied as it's been on the market, but that building is over 100 years old. I'm not sure the age on the 2 buildings onto 53 to 55, but they are both registered
category 2 vacant, which means that they are unusable in condemned, I believe, is the the phrasing that Dsi puts on that that's what I know about their their status. Thank you. I do see a question as well from Commissioner Day. Thanks, Chair Johnson. I appreciate the presentation here. I was just think you clarify who that purchase agreement with the between. >> Yes, I believe the entity is an LLC. It's 2.59 University Avenue. LLC is the name of te entity. That purchase agreement will be attached to next week's action item as well. Thank you. >> Can you just office clarify as well regarding the cdbg funding, like where is that for the full acquisition amount and where those funds coming from within Cdbg? >> Joe Johnson, that's a good question. I'm not sure exactly what bucket of cdbg these came I don't know if we have someone that could answer that more in detail right now. If we have to get back to you on that. >> Yeah, I think would be helpful as a follow up. We did have a presentation as well today on CDBG funding and we kind of saw the fall now pull out lines well earlier during the budget the Council Budget Committee meeting. But it would really be helpful, I think, to pinpoint where those dollars were coming from.
Through these funds just really just kind of thinking about the acquisition and what bucket it falls under and in the space of operating clear with clarity and transparency. I think it's just important for body to know how those are designated in when we have projects that come up that fit or in alignment with them. Designating that use federal funding here. So that be really helpful. >> Johnson understood look at the board report as well ad see if that information is in there. And if it's not see if there's time to update that. 44 with that information, thank you. Commissioner thank you. Chair also and Jonathan, I have a question particularly around just procedurally. You know, believe I saw on the slide. I don't have it before be here. But the next steps understand this item is only pertaining to the acquisitions, but they're also the acquisition with the intent on demolishing those buildings. Can you speak to procedurally are maybe man in terms of what are the additional actions with prompting acquisition of that automatically requires us to to the demolition. what is that procedurally in terms of the timeline? Thank you. That's going to be coming before us within a month of June are what is the time line
between the acquisition and I can speak to that. >> First portion of Chair Johnson Commissioner Bowie. The. Tere will it will take some time to do the environmental side investigation get ready to demolish the building. So I don't think there would be anything in the next one or 2 months happening. But throughout the summer, we'd be looking get moving on those. Those 2 items as you know, probably historically we've we've had interest in the site before. It's been a difficult site, too, to look at redevelopment options because of the one parcel that had been privately owned. So this does enable us to look a of a wider variety of redevelopment plans and options for the site, which exciting. again, as you said, this is also just for the acquisition today and next week for the action. We will be working on the next face. And we can be in partnership with you on that as well. And just add to your point, Mrs or is that we would be moving forward towards them demolition next. There won't be like a year gap of time between it would be acquisition moving towards demolition. >> Yeah, I don't. I guess one of the things that >> clarification looking at the amount of time, I think
we've owned the rest of the persons that phrase that we've on the rest, some of the other parcels since 2009. On this side, I think that's what was acquired in when they bring parcels and then the parcels for. Acquired one. >> All 6 were fired between 2006 2009. >> I think as we continue to talk about just, you know, eatery properties ward by Ward, it sounds like there's interest from 1, to see movement here on this on this project. And as we think about just what investing as well with an eatery on properties and are items for development and what the opportunities are that present themselves across the city. >> You know, I I wonder how many of eatery properties that we've known for 20 years and think about what we can do to really get them off the ground running. And so but definitely welcome, especially as the process moves along you know, thinking thing, I'm assuming presuming a little that if we get through the acquisition and also the designations of funding, the demolition thought he would actually be able to see this project come Thats, you for other future redevelopment opportunities later on, especially because we've held on to some of the neighboring properties for so on. And so I think the investment itself will be
really important and it will helpful to know. projects, especially those that we've on for our top 20 years. Plus, like what we think could get those men, especially just because we don't want to acquire another building to sit on it for a while. Commissioner thank you. Chair Jones and I also agree as well. We want to see some level of movement, but we also want to make sure. >> Now there's the education and there's like, no, the community input, engagement. >> Part of it as well. ever question particularly around just like the financing. >> It's really clear in terms of how much are I'm ala caving to acquire the property. But do we have the numbers in terms of how much we're going to allocate to do the demolition and is that coming from the same source of the cdbg funds? >> Sherry Johnson, Commissioner Bowie. Yes, the reservation of funding from CDBG funds was for 700,000. So there is additional 100,000 that is available to use for demolition of these buildings. Thank you so much. Mrs and picked up sheet. You thank you. Item number 6, a staff report Sr 26 Dash, 1, 1, 3, the Highland Bridge updates. All right. So as a reminder to this to for updates to come to us from the Highland Ridge
site every year. And I look forward to being able to hear this one as well welcome and thank you for being here in person as always, to deliver. >> This update because we have an ending time usually around going to ask that the hold. Some of our also important questions. But to get through the presentation and then be able to to either asked the questions here for also be able to maybe compile the in a follow-up. So time is done. I don't want feel you have to be rushed. It's super important. I want to just be able to have a chance to go through that knowing the time constraints that have a Thank you. Thanks very much. Commissioner Johnson Chair Johnson and commissioners very most. You know for those got Sean Ryan, I'm developer with Ryan companies. overseen a portions of the highlights for the bridge development. So Im excited to be here again talking you about the which is what we're calling the apartment building, formerly the Gateway Apartments out lot. The witches civic square, the Southern row home of land and an update Block 11. Start with the elder. >> just to Orient where we are on site and this is really at the corner of Ford Parkway in Creighton. This is a 97 unit residential mrket rate apartment building with about
24,000 square feet of retail and Fort Parkway. >> We also have a second class with 13,000 Square feet of retail. That hearing can tada. Well, take over later this month. >> And just to give a little. A nod to to the name and why we chose it. So Albert Kahn was the architect of the old Ford plant and coin the con side. So we are throwing an homage to him because we ended up putting parts of old facade on our building facing square. So since we last met in fall on this project carried through the winter and spring very smoothly. >> Currently, we are undergoing unit on all floors. No, with owner punch kind progress and incomplete on 4th floor and working down our first floor lobby and manage amenity spaces are ongoing. Leasing begun last month. I'm happy to say we have a number of although we're still early time will tell. >> The site was sidewalks, landscaping is ongoing. you've been around this Probably most of our activity is is on the exterior now. Like I mentioned, converse side is complete and up and then we are tracking for an August turnover and first move INS, which is ahead of schedule, which is a great to see. So couple kind of go through the photos quickly, >> picture the left is a
picture out of one of our 3rd floor apartment buildings at the tree the civic the Central Water feature picture on the right is our club room and fairly early state. This is for 4 quarters. you can see. You know, we're through finishes on the 4th floor and we have finished kitchen here. Here's a rendering I like to show obviously this this an important aspect of this entire development is the shared space between residential building and the daycare and then through to the Marbella properties. So that is the rendering. This is a more grainy photo that I like to see. you can see that we still held that same that same view that she and path right through the buildings. So jump into the retail on this The retail shelves are about 90% complete site work site, sidewalks Jayson right away. Work is ongoing as well as landscaping in final grading, as I mentioned, turned over to tearing can tied at the end of this month, OB gyn. They're billed out with the intent of opening directly at the end of their bills out. And then releasing updates while love to tell more names were working with for signed allies right now at various states is working through early scene documents with those s that is said going very well as to the leasing front. And, you know,
I'm hoping in the next 2, 3 weeks able to share some of tenants with you. then as you can see here, this is pcture of the Qantas I that is now up on the building. >> couple more photos of the retail. This is along for Parkway. during, you know, only an entire month phase that there's a lot of discussion about kind of meeting the the street or park when the sidewalks are stepping down because of the severe gray change. So as you can each building s he steps down meet that 60 feet of great change over the course the 2 blocks. And then a few photos tearing the Interior show of that building. Civic square feet. So that right on the corner of civic as Arya for Parkway and create we have civic square. This it will be a park owned by the Master Association and will be privately operated by that group as well. >> Why I the biggest change from the last time I was in from this group is we have decided on the central sculpture elements and we have 2 large trees as they came off the building. >> That we're going showcase in any kind of the centerpiece there. And we really think that just, you know, connects what we do with the converse side of building, the history of the site ten bringing that
to the park as well. But the park love Senor, sidewalks and landscaping throughout outdoor dining opportunities for the adjacent retail at the Albert. And then again, we're preserving that angle. Pedestrian connection into Civic Plaza. further back picture of a rendering of the city square and that started construction this >> New this update. But I wanted to share because it's it's gonna be happening very, very quickly. Is my role in my home's row home. This group is going to be taking over these second phase of the road home project that Pulte started a few years ago. They're looking for their first take down a property at the end of this month or early next with starting construction. Hopefully in July, but just will continuation of just the success that really, you know, was the restart on this based on the actions of the city Council So 2 minutes from now we're June. So exciting to see the come to life. So very similar product to the Pole Row homes. these will be 3 stories, 3 bedroom, 2 and a half baths. Handful of different models. And like I said, construction hopeful to start the next 2 months. >> And then finally, Weidner apartment homes So as many of you know, Dean Winder past few months ago.
Dean was the owner really the leader of the wider partner homes for the entirety of his life. >> he was a very active day today manager seen all of the developments in the country. So while the other passing was it was a jolt and hit for Weiner apartment homes. We had been forecasting that this project potentially going to push about a year. I'm happy to say that right now we're currently forecasting to bring that back and started September one of this year. still in the works. But we you know, we had think we're going in for permitting soon. And so all signs right now ae pointing towards a September which is just, you know, really important for the side overall just can sit continue seeing starts at Highland Bridge. So. That was a lot in kind if asked many questions. >> Thank you so much. As Walter just on the update. But also it's really exciting to see now to share that, you know, the progress over time has been good to see the folks. Also following through on what they share that they would do. So I think it's testament to also falling through and performing well to the word that he gave >> the teen gave to making sure that this happened and that we went for Nicole and we continue to go forward and see progress on the site. So this
is all really, really exciting. Also, it's very hard to even tell that some of your renderings are renderings and at the the sense of there being. You know, a lot of accuracy within drains, especially just kinda from site to site. So it's been cool to see someone who doesn't always, you know, I represent the sites at always get out Every single you know, they it's not my. It's on my commute home. But it's definitely something that everyone is watching through and just wanting to see progress through it. So really do appreciate taking the time here. Want to acknowledge, yes, significant loss that is involved but losing right to that to now and the project for it to the team, to the family, to, you know, those that are really close to him as well. And I its. Great to see there's progress being still made on the permanent part of this, but also just wanted to acknowledge that as well. And just sharing that like that can be a hoist challenging whatever. You know, teen project was a team member of significant. that as Mr? Right here was. So thank you so much for, you know, still making the time to come out. And I know that that's part of why we wanted to push back update a little bit as well to give some let's get some time and acknowledgement
to that, too. But overall, really great to see. commissioners. Are there any questions that you hve it from Mr? Ryan. Vice chair thank chair. Just and just a comment of one of thank chair. Really appreciate and I. >> Spend a lot of time nearby Highland Ridge or, you know, running through the side of park. And so I have been really excited to see everything that's moving forward and I'll be excited to find out who the tenants are going to be in the new. >> Recalling the whole thing. The Elbert now or is it? >> And little TV okay. That's I know names tend to change often until reaction to complete. So really excited to see that and just appreciate you coming here, especially chair Johnson mention the circumstances with with Weiner and my condolences to them. I know that tere the times they have met with them, they're all very close. It's like big family business. And so so I really will be thinking of them during this time. and just very much appreciate that. Things still seem to be on track. So thank you very much. We appreciate it so much. MRI, thank you for coming in and for being here and for sitting through our progress meeting to be able to ride this important update that we all look forward to. >> Commissioners, thank you.
brings us to end of our meeting. We are