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All right. Are we good? Okay. Very good. Well, welcome. Good afternoon, everybody. Welcome to the What day is it? June 2nd. I think it's June already. We're almost halfway through. Wow. So, welcome to the June 2nd meeting of the Temple Terrace Community Redevelopment

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Agency. I would like to call the meeting to order. And board members, have has everybody had an opportunity to review our minutes from our March 17th meeting? And if so, is there a motion? >> Second. >> Motion to second. Any corrections or

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amendments to the minutes? Seeing none, all those in favor say I. I. >> I. Opposed. No. The minutes are adopted. I'd like to thank uh call our community development director, Mr. Paulie to the podium and to briefly explain the format of today's meeting. Good afternoon.

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>> Thank you, sir. >> Keep want to say good evening. I'm >> I almost said it, too. Good afternoon, everyone. Again, Greg Pauly, director of community development. We have uh we have a busy afternoon for you this afternoon. Um, and before we start, I would like to uh just remind everyone

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that the purpose of the CRA portion is not to enter into an agreement with any one of the buyers that are in the room today, but to see which ones have brought forward ideas and proposals that you would like to advance to the following city council meeting. Um, and

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at that point then obviously there'll be more time for that. Um, you do have seven proposals to review today. For the sake of time, we've asked all the presenters to uh limit their proposals to 10 minutes each. Uh we have a lot to get through. We have a lot of details.

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Um and we want them to limit it to 10 minutes each. Um afterwards, after which we will have time for uh generalized questions and discussion amongst yourselves and any Q&A that you may have for myself, the broker or the potential

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buyers. Um, I think I covered the the overall general here. Just real quick, one other piece is the proposals that you're going to see in just a moment were result of the advertisement notice that we published on March 6th of this year. It

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ran from March 6 to April 6th. And after April 6th, is when we cut off the deadline, not accepting any new uh supplements or proposals to present to you here today. that is in accordance with the rules that we have to follow for the CRA. So with that being said, I

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would like to introduce Mr. John Lochner. John is not only going to provide a brief introductory summary of the proposals, but he's also going to help organize the presentations coming to and from the podium. So with that, Mr. Lochner. >> Thank you, Greg. >> Good afternoon, everyone.

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Uh we're pleased to introduce uh offers for the purchase and development of two parcels owned by the city. The first one is parcel 8901. This is a 1.75 acre site with frontage

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on 50 North 56th Street. Next slide. Is that me? Um, we received four valid offers during the public notice offer period. They were from TMA Investment Group LLC for a

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retail restaurant development, Enigma Events LLC for a retail restaurant entertainment development, Fountain Square TT LLC for a retail restaurant development, and Albby Properties LLC for a retail restaurant development.

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The order of these uh presentations on this slide is the order that we received the valid uh proposals from the offerers and that is the order that we will have them present. And as Greg mentioned, we

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will have 10 minutes with a 12minute hard cut off where I will escort you away from the podium. Um, and with that, I'd like to get started and let's have TMA Investments please come up to the podium.

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>> Good afternoon, gentlemen. >> Oh, I have this I can't point you anywhere else. Good afternoon, gentlemen. My name is at Wadi and uh with TMA we're um interested in both the properties. We

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talked to uh the city a couple of times where uh like to do it's a retail restaurant like some other you know uh retail uh in the first property. I don't know which one is this >> 8911.

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>> That's 8901. And I'm going to hand you this and after that to Malad Malad she's our engineer. She can give better idea than I could about all that. I'm not going to get into something that's not my forte. Okay. Mad please.

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>> Hi everyone. My name is Melad Alawi and I am u the architect of the both projects in both properties. Um I designed myself um the 10 stores on property 8447 and uh actually 10 stores

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of 8901 and 11 stores on 8447. uh according to the CRA uh standard design book with Mediterranean style or kind of Spanish style and um with all of

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the other regulations. So, oh slice like that right there. >> Right. Okay. So, the TMA is represented by three partners. Mazin, Alf and Ter.

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The three of them they have strong background of all kind of investment, construction and uh retail development. And this I believe that you guys had enough time to review it on the

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submitted files. Now back to it this oops one more time back. How can I get back to All right. Yes.

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So the description and concept plan um as as again we can state it here is uh the two project I'm talking about both projects to just like combine that 10 minute each 20 because I know it's we're talking if that's allowed otherwise I

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can go back to the the second project when it's time for it >> because191 okay because the purpose of both of them when I looked at the CRA you know uh description and and plan It's almost kind of the same. We're looking for uh

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to serve the neighborhood. We're looking to serve the Temple Teras community uh uh for like small businesses or local businesses. And like we're looking also for a growth temple growth. So that's that's on the that's on the investment

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part of it. Now on the architectural and design part of it, it's also the same design standard book for both of them. That's what allowed me to speak on both. Yeah, we'll do one by one. Now, uh everything architecture again it was Mediterranean style. It was uh the it

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has one feature that is kind of unique and exceptional for Tempas is the rooftop city. With that being said, I'm not we're not a CMA group. We're not asking for any variances. So the lot allows us to have the retail store

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square footage accordingly with the parking spot. As a matter of fact, we are exceeding this parking spot on both projects which allow us to have this comfortable and convenience for the rooftop uh people or you know clients or

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consumers that's going to be there. It's it's convenient for the circulation. It's convenient for the in and out uh from the plaza to the big avenue the 56 north uh avenue and uh and also for the neighbors which is the building

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apartment complex in front of it. Uh what I would say also which is very important here is this is this project is more of um

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an ad more than an ad to the temple terraas business growth and temple development more than just like a real estate kind of like you know projects and TMA they were very generous by

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adding a 5% % of income for the project from the tenant given to Temple City to develop and grow even more this city because they believe very hard that

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their success started from here. Three of them actually both of them at least and their growth started from here. Their businesses started from here. They love the city and they wanted to attribute more to it. Not just by having some restore here and businesses here,

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but also to the fund of it for the river, you know, uh that we have behind the other the other uh address or the other lot and also because it's this two lots or these two projects are literally the entrance of temple teras.

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It's the gate of temple teras. So that's the reason one of the reason why they want to give that 5% income as long as they are the owners and that has been stated of course on their uh proposal. So that's

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the facade from the streets, that's the facade from the parking. There is, you know, kind of a sitting area in front of the stores. You can see the walk way all around the visibility.

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Uh I kept or we kept the landscape to the same language, the same the same design language of Mediterranean, you know, uh design that goes with the wall tiles, goes with the iron features, goes

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with the the the towers on the top and the tiles. And again the unique or exception thing is to have that rooftop with glass guard rails. Oh here right okay that's the view of the whole site

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as you can see I introduced there the generator as well because that has been it has to be studied in my like humble opinion from the beginning for the physibility of the take you know and to align with your vision and to align with the book with the CRA book which again

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we have zero variance there is EV charger station there generators parking Enough parking slots for everybody. That's the view from the apartment complex. Now this is like a

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architectural more architectural technical speaking here. That's the rear elevation which is facing the 56th uh avenue. Here's the front which is the parking and the front stores.

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Now, this is the floor plan with four types of store. Yeah, four types of store square footage going from 1500 square ft² to 2300 ft² for different use.

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Again, the parking lots are five parking spots per thousand square foot. Uh the requirement, I believe, is 94 and we have there 113 or a little bit more. with EVs again and uh ADA. Another thing

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is the design of this project is complying 100% with all ADA uh requirements. That's the project set information is given from you guys. Thank you for the the

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opportunity here. Here is the purpose right or the project overview. The I will go straight to the key highlights. So the site plan has been thoughtfully designed with uh central parking and clear circulation.

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The outdoor seating and active frontage to enhance user experience. Signature rooftop again is dining experience and that's unique for the area. And this is not that rooftop is not for public use. It's solely for retail spaces and

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restaurant use and also it's solely for special events or venues or celebrations. It's not going to be crowded all the time for many reason, you know, to to keep the plaza kind of quietly friendly

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environment, you know. So because you know rooftops uh in other cities or other places are like sometimes intend to have this um kind of nightclub styles which is not which is not the vision right the vision is just to have more

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family and friendly gathering uh in case needed or in special uh event. Now the striking investment potential with created 10 tenant mix. We're not targeting one tenant. It is going to be diversified because that's what you guys or CRA

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vision and temple terra city is looking for right and again the design is supported for the economic growth and community engagement. uh that's just like uh some brand and some names which most of them they have a very strong relationship with the

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partners means they all like very interested to start like even right now being in their contract. Am I done with my 10 minutes? Beautiful. I think I say it all. >> Are you wrapped up? >> Almost. Yeah. I think yeah I think I say it all. Forever less.

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>> Wrap it up. >> Here you go. >> Thank you for your time. Thank you. Thank you. TMA Investments Enigma. >> Good evening. >> Good evening, sir. >> Afternoon. I'm sorry. >> Good afternoon. Still in the noon. Yeah. >> Um, good evening everybody. Uh, my name

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is Bhavandep Singh. Um, mostly known as Baba Singh in Temple Terrace, soon to be a resident of Temple Terrace. Um, we as we are the owners of Enigma Plaza and also Enigma Realters and we have a small presentation in video format. so I don't

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have to speak much. So here it is. >> We are about to begin our presentation for 8901 North 56th Street. At Enigma Group, we don't just look at a map and see parcels of land. We see the stories of the people who live there. Our

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mission has always been to take underutilized spaces, the quiet corners of a city, and transform them into vibrant, highquality destinations that actually add value to the community's daily life. You've already seen our commitment to Temple Terrace. We are the

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team behind Enigma Plaza. As many of you know, that wasn't an easy road. We navigated the height of the pandemic, supply chain meltdowns, and the sudden loss of our lead engineer. But we didn't walk away. We pushed through because we believed in the vision of a

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Mediterranean style destination for our downtown core. And we delivered. Our investment in this city is growing. From our upcoming mixeduse site at River Hills and 56th to our 57 unit resortstyle community and our riverfront

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food truck park near the Hillsboro Bridge, we are fully allin on Temple Terrace. Today we're here to talk about 8901 North 56th Street. We are proposing an acquisition price of $1,260,000

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to bring to life a landmark project we call social at 56th. This isn't just another retail strip. It's a 30,000 ft urban ecosystem. We've designed it to be a third space. That place between home and work where people

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actually want to gather. The culinary experience. Instead of standard fast food, we're bringing in a global food hall with artisan vendors and a central craft bar that serves both indoor and outdoor guests. The rooftop. We're planning an intimate

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rooftop lounge for sunsets and private events. A sophisticated escape right in the heart of downtown. The stadium vibe. The heartbeat of the project is a massive state-of-the-art outdoor projection screen. Imagine the community coming together for a Bucks

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game, a family movie night under the stars, or local gaming tournaments. Family connection. Most importantly, we've designed this to be safe. We want parents to be able to enjoy a meal or a drink while their children play in dedicated visible areas. It's about

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connection. We want to move fast. We're looking at a 60-day preliminary due diligence followed by a 120day secondary period. Our goal is to have site plans in your hands within the first 90 days, giving

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city staff ample time to review. Once we close, we expect to break ground within 2 months with a total construction timeline of 12 to 16 months. To make this happen, we're looking for a partnership with the city. Specifically, we're asking for landscape flexibility.

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Our Mediterranean design uses a lot of palms. We'd like to work with you on tree mitigation to keep that aesthetic consistent. Parking and space. We're already providing over 200 spaces, well above the requirement, but we may ask for

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flexibility to ensure our outdoor dining and public plazas are as vibrant as possible. Priority review. Because of the scale and the moving parts, we're requesting a streamlined, prioritized review process to keep this project's momentum on

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track. Social at 56th is designed to be the definitive heart of Temple Terrace. It balances family-friendly recreation with upscale night life, creating a live workplay environment that this city deserves. We appreciate your time, your hard work, and the opportunity to share

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this vision. Let's work together to make this a reality. Thank you. >> Thank you, council members. Amir, I guess. >> Thank you, Mr. Singh. Enigma Fountain Square TT. >> Good afternoon.

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>> Good afternoon, council. >> Um, I'm Charlie Martin representing the ownership of Fountain Square TT. um a team of accomplished local businessmen, business leaders, including two longtime Temple Terrace residents who deeply care

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about the community and the vision for it. I de developed a friendship um with the ownership group prior to me retiring from B&B corporate holdings in April of 22. Um at the time I was completing

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um a couple of projects for Su Alrafi um his second Kikis on Bruce B downs up in in Wesley Chapel and then a warehouse over on Orient Road. Being retired gave me the opportunity to choose what projects I wanted to work

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with and who I wanted to work with. Through su um I developed relationships with other owners of Fountain Square and act owners representative of many of their their development and construction

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projects. If it were not for for the honesty and integrity um character and commitment to family and community, I'd be doing a lot more fishing. Um I have over 50 years of construction

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experience. Um mentored by the best my father who built such iconic structures as the fountain blue and eating rock on Miami Beach, Lucaya and Marco Island.

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Um my experience includes reszonings, amending um community comprehensive plans with the city of Lombbo Ki and working with the Yaki CRA on their storefront improvement program. Um, I've worked closely with communities

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across Florida and um have constructed a variety of projects from underground utilities and fueling stations to affordable housing, multi-story condominiums, warehouses, resorts, detention facilities, shopping centers,

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and multi-million dollar custom residences. Our vision for Fountain Square is to create more than a development. We aim to create a destination, a place where residents can enjoy regularly while also attracting visitors from around the greater Tampa

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Bay area. To bring this vision to life, we've assembled a fantastic team of professionals. our award-winning architect partner API um has done projects around the world and our general contractor Diaz Fritz

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has over 20 years of um in Temple Terrace with her office of being in Telecom office park. We believe Fountain Square not only meets but exceeds the city and CRA's requirements.

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will invest approximately $9 million in the construction costs for the plaza itself along with an additional $7 million in tenant improve improvements. We project a total cost of approximately $18 million for the project including the land

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bringing significant private investment and long-term economic value to the city of Temple Terrace in the CRA district. We are committing committed to delivering a first class A development that will help set the standard for

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future development within Temple Terrace in the CRA district. Most importantly, Fountain Square Temple Terrace is fully committed to this project. If we are awarded the project, we are prepared to meet the highest offer on the project and wave all contingencies, closing

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immediately with the intention of breaking ground in 20 late 2026 and completing the the plaza in late 2027 with tenant openings in early 2028.

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We thank you for your time and consideration. At this time, I'd like to introduce Rachel Marshall, who is the vice president and director of operations for our architect API. Thank you very much. >> Hello all. Thank you for your time

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today. Um, I'll flip through the pretty pictures and I'll try to keep my tone short as well as explicitly focused on your initiatives. Uh, we were honored to be uh asked to collaborate on this team. Uh our firm is founded in collaboration

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with our clients, with our communities and with the opportunity to develop consumer centric uh environments, ones that are going to perform beyond just hitting a bottom line, but one that are going to perform for the community, for the people of the community, and that

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are going to be there forever, uh or at least as long as they possibly can be, depending on how Florida goes. So with that, oh that's a I'm sorry if I pointed that at you. Uh our project mission uh is very simple here. Uh our

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project mission is to create a district that's rooted in meaningful experiences. Uh we want to expand the gateway that is already starting over at Fountain Plaza into what we're calling Fountain Square. Uh it is matching the same Mediterranean

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vibe of the fountain uh plaza got a little okay fountain plaza uh development and then continuing it on along 56 in 360 architecture. Uh we know that it is just important just as

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important to speak to 56 as it is to speaking to the environments that are going to be actively accessing this through pedestrian means through biking, walking their dogs. And we want to make sure that we are cohesively involved with everybody uh not just one side or

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the other. So as you can see here the project vision mixes boutique shopping experiences with gathering spaces. Those are the little icons that you're seeing there. Uh, and then food and be beverage for the rooftop, but complementing what

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is already existing. You'll see that those items are not necessarily duplicated because we're focused on diversifying. So, a little keyword that I'll use here and there is diversify, not duplicate. Uh, our team is committed to not giving you the same old same old

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in every single spot of this site. It's not to give you multiple smash burgers. It's not to give you multiple coffee shops. It's to give people the opportunity to get a little taste of everything and not to compete with the surrounding environment, but to complete

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it. You'll see spaces like this within the development. Uh we make sure that we want to design something that is at a scale that people are willing to linger in. In addition, we want to make sure that we soften the edge of that street to

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maybe slow people down on 56 just a little bit. Not to c cause traffic, but to bring them into that environment and say, "Hey, you want to come here? You want to join us for this experience and also to offer boutique shopping opportunities." Uh you'll see later in

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this presentation the scale of these and the ability for them to be combined into larger opportunities but also stay small for mom and pop shops. So our idea is to connect and inspire and really bring people into Fountain

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Square day or night. So the the actual site of this property, everybody is pretty well aware of it, so I'm going to skip through this. we have the opportunity to create this gateway and to continue this language on 56 and

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really start to double down and invest on this Mediterranean uh aesthetic as well as this communal environment. I've got a minute and 58 guys. Okay, rallying. So before I get the hook, we're going to kind of skip through this a little bit

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and we're going to move into the site plan itself. We did take into consideration in addition to the aesthetic qualities of this community icon, we want to make sure it's functioning. We want to make sure that it can get trash delivery and or and

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removal without affecting the pedestrian. So, we looked at how we can have a delivery route that doesn't take away from the parking. Um, we looked at how we can have awnings at entries to make sure that people getting dropped off by Uber or Lyft are able to escape

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the sun or the rain. Um, as well as walk into a nice scaled environment quickly. We have the landscape buffer all around. we do have enough parking and in general it's just something that we want to make

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sure pro promotes the pedestrian uh interaction with the site and we feel that we've achieved that with these various scaling elements. So as you can see this would be the 56 view. So bringing some I'm sorry yeah this is the

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56 view. So bringing some of that uh environment out so that people can get a peak of dining and activity within the space, but then also having some twinkly lights to draw people in cuz everybody likes a twinkly light.

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And then also having these very standard bay sizes and there's they're standard for a reason. We have designated food and beverage and we also have designated boutique shopping. They are all at 1,200 square feet. This allows for you to

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really truly diversify who you have in this environment. And I'm going to run out of time. Upstairs, we have the restaurant. And the restaurants are seated on in the middle area and allowed

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to view over the parking area. So, I apologize for running out of time, but there you go. Thank you very much. >> Thank you, Square. Good afternoon everyone and thank you guys for taking the time. Um I cannot say that I'm a uh Temple Terrace

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resident but I'm a frequent visitor uh thanks to some family that relocated here a few years ago. Um and I have to say as a uh careerlong real estate investor and developer uh I have a lot of admiration for Temple Terrace and I think there's a lot of potential with these uh two sites that we're here to

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talk about. Um just by way of very brief uh background, I know you guys have had the materials in advance. Um our company uh invests and develops in commercial real estate across the country. Um these numbers are from a few months ago, but

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we've now deployed more than $200 million in commercial real estate with a particular focus on uh retail and mixed juice development nationwide. Um, and our approach to retail in particular really centers around uh experiential

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and serviceoriented retail. So we really like to spend our time thinking about the types of things that we enjoy doing, our kids, our mothers, so on and so forth, and then bringing those experiences together into a familyfriendly and pedestrian friendly environment. Uh, and that's what our

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proposal is really centered around. Um, I'm going to skip over most of the uh technical items because again, you guys have this in writing. Uh, we're prepared to uh offer all cash to to buy the property. Um, and we would close as

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soon as we get through a very typical due diligence and closing period. Uh, working with you all on zoning, approvals, permitting, things like that. Um, our design team spent a good amount of time uh trying to understand what

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your vision is um for this site. Uh, we like many of uh the other presenters agree that this is an opportunity to create a real entrance or gateway into the city. Um, and to add to what downtown Temple Terrace already has to offer. Um, and what we want to do is

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supplement that and and continue to elevate what you guys have already uh worked so hard on. Um, so we really stuck with what we interpreted to be your vision for the space. We really tried to focus on a pedestrian-friendly

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uh space. And I will show you that here. Um, so rather than maximize every square foot of building uh that we could generate revenue off of, uh, we really thought about how we could pull people off of the sidewalk and into the center

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uh, who are not driving, right? So, we want to um really encourage pedestrian activity. We want the residents that are walking their dogs or riding their bikes to have easy access into and out of the site. And so, we created this breezeway

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from 56th that cuts right through the the spine of the building uh towards the retailers front doors and to the rest of the parking area. Um the idea here was we would deliver about a 27,000 ft

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building. Um we would meet all of your parking requirements, all of your landscape requirements, ADA. Uh and our understanding and talking to the team uh that was marketing this property for sale is that uh you guys are really

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focused on understanding the types of tenants and types of businesses that would be here. And so we really set out and we we went out to our network of business owners that we've worked with in multiple cities and said, you know, this is the type of project we're working on in this location. Uh is this

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something that you would plan to flag? And we were actually able to get 70% of our 27,000 foot proposed building pre-leasased or pre-committed uh by a number of tenants that are all listed here. These are best-in-class operators

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across various categories. uh from fashion to jewelry to food to coffee roastery. Um and you know, right at contract signing, we're willing to put our money where our mouth is and say the tenants that we promised are the tenants you're going to get with signed leases

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delivered at closing. Um this is a little bit more about those tenants that I mentioned. You have two restaurants, a jewelry store, a world-class coffee roastery, um, and a women's fashion, uh, company with a global presence. Uh, 70% equates to, you

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know, just under 20,000 ft². So, we would still have about 7,500 to 8,000 square ft to play with and try to bring in some really great local uh, complimentary businesses uh, to supplement the out oftowners. I'm going to skip over most of this, but

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we've, you know, our in-house design and construction team has already budgeted the project. We understand what it's going to take to build it as far as cost and timeline. Uh, we're happy to jump on this as quickly as the city would like us to. Um, and we're not looking for any

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financing contingencies or anything of that sort. Uh, just a a you know, very high level introduction to some of the project team members. Studio Hillier is an excellent award-winning architecture firm out of New Jersey. 60-year history. Um, they've

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worked with us programmatically across the country on our retail and mixeduse development projects. Uh, pictured right underneath Studio Hillier is one of our shopping centers that they worked on in New Jersey. And then on the right hand side of the screen, you have Yep, which is our uh, construction management firm.

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They do all of our uh, construction management, general contracting work uh, work nationwide. Our expertise really is in uh these types of micro neighborhood developments, mixeduse projects, mixing uh retail with

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restaurant with other complimentary uses. In this particular case, a lot of the heavy lifting's already been done. We have very complimentary residential and retail right next door to us. And I think we could just add to that environment.

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I'm going to skip over why us. Uh you guys have all this information. and some of our team members. Um, and these are just some past projects that we've worked on. Uh, this one is a large scale mixeduse development, $350 million

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retail office, multif family uh, and hotel. This is Studio Hillier's uh, retail work up in New Jersey, which delivered about a year ago. Uh, we have also done a good amount of multif family work. Um, I think I'm

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going to wrap it here. I appreciate your time and consideration. Uh, and I'm happy to answer any questions. >> We'll be questions at the very end of all of them. >> Thank you, John. >> Thank you. >> Okay. Um, the next parcel we're going to

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discuss, >> me is 8447. Uh this is approximately 1.74 acres with frontage on North 56th Street as well as River Hills Drive. We received three valid proposals uh

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during the uh the notice and uh proposal period. Um TMA Investment Group LLC for a retail restaurant development. Enigma Events LLC for a retail restaurant and office development and Albby Properties LLC for

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a restaurant development. Again, this is the order that we received the valid proposals. So, we will go in that order and you will have 10 minutes for these and after this we will do the TMA.

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Okay. Hello again. >> You left your phone. Somebody's phone here. Gentlemen, I uh I got interested in that property. Me and my uh partners after I found out uh proposed planning for the

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city of Temple Terrace for the Riverwalk and that was uh kind of great location for what we want to do. We're not gonna do big restaurants in there. We're not going to do uh we're going to make it almost like uh a food court style. You

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have uh the plans how it looks like. It's not exactly a food court but something will give a chance to residents of temple terrace to be able to papa and mama store something specialty special cake special donor special anything like this that's give the opportunity to people actually from

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temple terrace not a big corporations somebody that's you know they're not brand name but somebody wants to do a business in here with the city of tumble terrace and that's uh something hit home for me I like it I enjoy it I my first

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job I got it in temple terrace that's how I started long time ago 1981 I used to work in a fina station I don't know if you are familiar with it uh 56 used to be a fina and that's why I have a special

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something about temple terrace I always like but this is what not going to be uh again it's not going to be a big brand name restaurants it's not going to be uh it's going to be something with a seating in the middle some community can get together. Go and get grab a cup of coffee, get a donut, talk.

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That's about uh what my vision of that one and wherever enhance to especially for whatever development that city of Tumble is going to do for the river walk, it's going to enhance it. It works together with it. Same thing is going to be seating. It's going to see courtyard

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seating. It's going to be rooftop seating with the glass. And Malad is going to give you an idea of how it's going to look like. Uh but again it's not going to be a big major brand name restaurants brand name or anything like that. It's going to be something for the

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local residents or for the people of Temple terrace to give a chance to small businesses papa and mama to actually own their own. Thank you. >> Hello again. Um I'm presenting here the

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8847 um lot. Uh it's a nice shape. It gives uh us um as architects or designer the opportunity to work on it differently, design it differently. Um again with

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your vision and with the partners' vision how they want to invest on it and how they wanna be like as a destination for the people who lives in temple teras you know and also for the visitors to

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keep nice memories of a very family friendly space to share. So, um, more than just like having that rooftop, uh, we have that center. Just going to try to go quick to one of those

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renderings with the Okay. Well, that's the entrance. Okay. We have like a separate coffee shop and then we go all the way depth on the Yes. on the on the lot on the to have this 10 stores on an

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L-shape and uh an outside center sitting area with the Mediterranean style having the pergola and surrounded with the green bushes. The tiles speaks by themselves. The

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finishes speaks also by themselves getting the same Mediterranean design language. The front doors are 24 ft height. Um the glass guard rails

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for that nice view over the river over the 56th North 56th Avenue and again for the other plazas surrounding areas and and building apartments. That's the ceiling.

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There is sufficient parking spots with ADA compliance with um dumpsters, circulations in and out. Very easy, very uh touchful circulation for both pedestrians, cars and uh utilities and

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management. As you can see here, the whole site developed Now same thing we have four type of stores going from 1500 square ft² to 2500 square ft² with

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um corner one that is going to be a sort of a gallery for University of South Tampa. We already have some connections there and they would like to have something you know to bring their students and their family students

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together sometimes outside the university environment you know and to have them also enjoy what is Temple is and what Temple Terra city is for you know bring more students and bring more uh you know friendly kind of type

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environment outside the university itself. this project as well. So that's the finishes. I didn't get chance on the other project to show it, but this is all the details, finishes that we're going to have. Stacos, colors, finishes

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like the textures and uh everything that has to do with the Spanish style or Mediterranean styles from light fixtures, tiles again and wood and iron uh as uh accent. Uh the same thing like the other project

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is that 5% contribution revenue to the city of Temple Teras for future development. That's the master plan there. This is the surrounding almost same key highlights because we're

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going same direction both lots and with the same uh book some of the the names but doesn't have to be this one most likely attended for the locals as stated for mom and dad and

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and small businesses to give them the opportunity to make something good for the city. So that was the purchase. Now you know I just stated it. So whatever that dollar amount has

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been uh proposed with that 5% contribution. This is the project legend which says clearly what's the architectural identity is the site plan integration the rooftop experience which is 12,000 square foot rooftop it's very unique uh

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and the the type of design which is the Mediterranean uh accent consistency with city goals of course we are aligned with the city goals all the way and as a summary this project is

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positioned as a landmark commercial destination combining strong design, functionality, and community value. >> I think I'm I'm good. >> Thanks. >> Thank you, TME investment, Enigma. >> Still afternoon. Good afternoon again.

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Uh we did the uh we are the ne um the owners of the adjacent property uh Enigma Plaza and uh we have put this also in a format of a video to make it easier. So >> we are pleased to present our proposal

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for 8447 North 56th Street Temple Terrace commonly referred to as the South parcel. Enigma Group is focused on transforming underutilized land into highquality enduse developments that contribute meaningfully to the surrounding community. We are actively

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developing multiple projects in and around Temple Terrace with a strong commitment to enhancing the city's growth, character, and economic vitality. Within Temple Terrace, we are the owners and developers of Enigma Plaza, where we successfully revitalized a previously

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underutilized building in the downtown core into a Mediterranean style state-of-the-art retail and restaurant destination. Despite encountering significant challenges during the various stages of this project, including the loss of the project engineer, supply chain

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disruptions, increased material and labor costs due to CO 19, and complexities associated with a grandfathered structure. We successfully navigated these obstacles and delivered the project to completion. In addition, we have acquired the former

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Mexican restaurant site at River Hills Drive and 56th Street, where we are planning a multi-level mixeduse development combining commercial and residential uses. We also own approximately 3.5 acres along River Hills Drive where we are planning a 57

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unitstyle residential community. Further near the downtown bridge at Hillsboro at the intersection of 56th Road and Puritan Street, we are developing a riverfront food truck park with outdoor seating and evening entertainment designed to activate the

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waterfront and create a vibrant community gathering space. Today, we are excited to formally present our offer for the south parcel. We are prepared to offer the full asking price of $1 million with a 120day due diligence period. Within the due diligence period,

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we anticipate submitting site plans within the first 60 to 90 days, allowing the city approximately 30 to 60 days for review. Enigma Group has already conducted significant preliminary analysis of this site, the due diligence period will allow us to finalize design,

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engineering, and approvals in close coordination with city staff. Should additional time be required due to comments or revisions, we propose that the due diligence period be extended accordingly to ensure a fully approved and wellexecuted project, closing would

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occur within 30 days thereafter. Our vision for this site, which we refer to as South Gate, is to create a thoughtfully designed mixeduse destination that enhances the downtown experience. The ground level will feature approximately 20,000 square ft of

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interactive retail and restaurant space, including outdoor seating areas that engage directly with the surroundings. A signature restaurant overlooking the pond will serve as a focal point, creating a unique and inviting dining experience. The second level will include

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approximately 4,000 square ft of office space along with a 4,000 ft rooftop restaurant. Additionally, there is an option to incorporate a 2,000q ft rooftop lounge, further activating the space and creating a destination for both residents and visitors.

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As owners of nearby properties, we are uniquely positioned to manage parking efficiently and curate a complimentary mix of tenants. By designing for varied peak hours across uses, we can support a higher intensity of development while maintaining functionality and

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convenience. We have also incorporated a 15t wide well-lit pedestrian walkway connecting the 56th Street bus stop to the city pond area. This feature is designed to enhance walkability, improve safety, and encourage community interaction.

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Additionally, the proposal includes an underpass element intended to improve traffic flow while contributing to a cohesive and refined overall design. Architecturally, the project is currently envisioned in a modern Mediterranean style. However, we remain

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flexible and are fully prepared to align the design with a more traditional Mediterranean character should that better reflect the city's vision. Our leasing approach will emphasize diversity and tenency, ensuring a vibrant and complimentary mix of businesses that strengthens both the

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local economy and overall user experience. To help bring this vision to fruition, we respectfully request the city's support in the following areas. Tree mitigation flexibility. Given our Mediterranean landscape design, which incorporates a higher

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proportion of palm trees, we request flexibility regarding tree mitigation requirements to maintain design consistency. Parking flexibility. While our plan already provides over 200 parking spaces exceeding standard

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ratios, we may require limited flexibility to fully accommodate outdoor dining and activated public spaces. Priority review. Due to the multi-pal coordination required for downtown projects, we request prioritized review

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and streamlined communication to maintain project momentum. In terms of timeline, construction is projected to begin within two months of closing and take approximately 9 to 14 months, depending on external factors. We believe Southgate will serve as a

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catalyst for continued growth, creating jobs, attracting visitors, and further establishing Temple Terrace as a vibrant destination. We appreciate your time and the opportunity to present our vision, and we look forward to working collaboratively with the city to bring

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this project to life. I guess we said it all. Thank you. >> Thank you, Enigma. I'll be Hello again. Um, there we go. Okay, I will skip right to the good stuff. Um,

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this property was super fascinating to me. Um, it's very uniquely situated. It almost reminds me of like this secret um, garden or refuge off the beaten path and the hustle and bustle of 56th Street. Um, so we spent a lot of time

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thinking creatively about what to do that's uh, pleasant and delightful, but also uh, without just clearing out the entire space and and creating another plaza. Um the adjacency to uh the river

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is also uh an awesome opportunity and I think creating some sort of connectivity between the site and the river um uh it would be almost a shame if we didn't do that. Um so here is a look at our vision. Um we tried to preserve as much

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of the green as we could while still uh you know providing the practical things that we need. Um what we're proposing is a uh destination restaurant event space uh hybrid. Uh so this is a fullervice familyfriendly

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uh destination restaurant. Um it has a second floor that is partially indoor and partially outdoor on a rooftop terrace. Uh and that second floor would primarily be used for private events. Uh and it could seat uh events whether they're corporate, personal, uh etc.

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anywhere from 30 to about 120 people on that second floor. Uh we provided 6 and a half spaces per thousand square feet which we believe is pretty uh sufficient for the use. Um and still kind of maintained or tried to preserve this

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garden-like environment uh surrounding this uh hidden destination in the middle of the trees. Um, I think this encourages uh really great pedestrian connectivity both to 56th Street and down to the river, which uh uh is

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already getting so much uh uh development uh along the river. So, I think this will complement what's already planned. Um and then, uh just a word on uh Albasha, which is the the restaurant that we're contemplating putting here. Uh they are a nationally

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acclaimed Middle Eastern restaurant recognized by USA Today in 2024 as the best restaurant in the country. Um they're very excited about the opportunity. Uh they would be happy to to uh open up here. Um and that's our

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vision for the site. >> That's all. >> Thank you. >> Thank you. >> Hello once again. Um, that concludes all seven. I know that was rapid fire, uh, but we did that with intention to allow

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for you to see all of the proposals now and still leave plenty of time for, uh, public comment, questions and answers, and discussion. So, at this point, um, the myself, the broker, and the all of the various potential buyers uh, are

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available for any questions that you have of us. and uh we'll we'll stand ready to ceue up any additional slide exhibits that you would like to discuss further. >> Thank you, Mr. Paulie. Are there members of the public who wish to comment on any of the proposals?

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>> Okay, seeing none. So, um council, I'm trying to figure out the best way to do this since we have really a lot of a lot of stuff to talk about. You want to go one partial at a time and then one everybody asked questions on one parcel to one proposal

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and then move to the next and or should we do one um let's do that. So let's do 8901 first and are there any questions for anybody

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on the TMA proposal on 8901? We have some time. We didn't expect to have this much time. So we do have some time. So Council member Kravitz, >> what's the question? If any of us have any questions for anyone on the 8901 property, was that it?

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>> Well, we I was trying to start with the TMA group, but if nobody has anything for the TMA group, we can do it whatever. Um, I mean, there's no set. >> Just trying to move some kind of orderly so we don't have everybody jumping up and down. >> TMA for us. That's fine. >> Okay. Just checking. >> I did. Did you uh want to be recognized

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right now or you want to think a minute? >> Anyone wants to go ahead? >> Okay. Council member Shma, I had two quick questions. One of them's for staff first. The and this may be a moot point, but it said it was going to stick to the f to the one-story concept.

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Does the rooftop restaurant cause any kind of issues with one story? I mean, it won't be it won't be would not would it not be the same as a two-story unit? it it doesn't it doesn't create a problem for us as far as zoning is concerned. Okay. Um the maximum

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height is what's governed and one story with a rooftop. Two stories with a rooftop would not be a problem for the maximum height. >> What would be the height for one story with a rooftop? Your guess >> uh you're probably talking >> 60. >> Not even. >> 35. >> Not even.

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>> Yeah. Not even. Okay. When you when you start going north of 45 and 50 you're talking three plus. >> Right. Right. Okay. All right. Cool. The only other question I had which was an interesting this is for the for the developer was an interesting concept of establishing a I don't know how to call

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it uh down T city Tampa calls it the CRA where the the the businesses contribute money to uh uh additional amenities for the area. I that was I thought that was a very good concept and I would hope maybe that some of the other um uh um

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u developers would would would think along those lines. That was my main questions. >> Okay. >> Yes. Council >> member credits. I >> I did have one question. Um I was a little surprised about the deposit which seems to be 1.5 million. That's a very

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large deposit. >> Is is there That is that is accurate. >> You have to come to the podium, sir. >> I'm sorry. >> Yeah, it's all right. >> We have to be able to get you on the record. >> Applies for both of them. And uh that's

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I think something we said just if you remind me just referring that one. It's because of the development uh the Riverside development is going to need maintenance in there. We love that area. I personally love that area and that would help in a lot is maintaining it.

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maintain the park area on the river and we thought that's something that we owe to uh Tumble Terrace. >> So sorry I just So your your deposit to buy the property is 1.5 million. So if you >> That's the full price, >> right? But then you have a 120day due

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diligence. So if you walk away during the due diligence period, you're going to forfeit one and a half million. Is that the idea? >> I don't get I mean >> Well, I'm just asking that's because it's an enormous deposit. already. We already talked to the city. We already talked to We had our due diligence ahead

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of time. >> Okay. >> So, we already know everything that we need to know. So, yes, I $1.5 million deposit. >> Okay. >> Can I No, you have to come up here though. Sure, you can. You can come up. You just have to come up here. >> I don't want to be next to him. >> U

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Listen, the one and a half million deposit. >> Can Can we get your name for the >> My name is Nick Rifi, the broker for Giant Trinity. I live here in Timber and you guys, some of you have met me here before in previous presentation a while back. Um, no, the $1.5 million deposit

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as soon as we have the contract signed, we'll be deposit the money. We don't have to wait. We uh we willing to put the money uh as soon as we get approval. >> Right. And the uh the 5% for the >> 5% it's a contribution from the the from

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the owners or from the developer toward the city of timber terrace in any way they think it needed for could be for uh the fire department could be for the city u other activities whatever we feel it's fit to be in with the coordination

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with the city of timber terrace we're willing to give that money it's going to be approximately about in each property each project about 60,000 a year about $600,000 within next 10 years. >> Right. I I I understand the concept. My question was >> each Yeah.

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>> Right. My question was will you be imposing that on every tenant as a condition of their lease? >> No. >> Oh no, no, no. >> I'm sorry. That comes from us. The tenants has nothing to do with it. That owner of the property that's our net. We five 5% of that will go to the however

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you got however the city tumble terrace wants to do to do it. It will go to the city tumble terrace and they're do whatever they want with it as long as something to benefit the city. >> Okay. I'm I'm asking questions on this because in effect it is a much higher purchase price you're willing to pay if

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that's what you're doing. So I'm trying to understand how it's structured. >> No, they they already study it. They already agree to >> we like the area. We really >> Right. No, I understand. Thank you by the way for for taking an interest and also for the for the interesting proposal. So you are going to commit to pay 5% of your of your net

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>> from net operating >> from your net. Okay. So >> on both properties >> and and you're willing to put that into a covenant with the city. >> Yeah. >> Okay. >> And so every year you're going to disclose your net proceeds from that property to us. >> Absolutely. Yes, sir.

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>> Okay. And how long do you plan to do that permanently? >> 10 years. >> 10 years. >> We can guarantee you 10 years. Okay. Um, that's certainly interesting. And, um, uh, the pre-leasasing, you said you had 10 stores who were pre-leasasing from

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you or did I mark that up for the wrong for the wrong offer? >> We have, we have people in very interested right now. >> You do. Okay. >> Some areas we have a choice to refuse or not to refuse? But like I said, the first one is already okay. We can do that. The second one, I'd like to keep it in local. I like to keep small papa

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and mama be able to give them a chance to it. I'm not looking for a big major brand name restaurants or anything like that. >> Okay. >> I feel like I I like to do something for the local of Temple Terrace, not for the big corporation. >> Right. I understand. Um and I didn't see a construction timeline.

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>> Uh it's she got it. She know >> I got it on a flash drive because I didn't think that >> You don't have to show it to me. You can just >> Oh, no. Okay. the construction timeline from closing to having tenants already there. It's 24 months. Okay. And I have

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it detailed into planning, permitting, construction, finishes, all of it. >> That's pretty standard. I was just curious where you were at with that. Okay. Um, no questions for me from that. >> Yeah. Thank you. This question will go to uh all the groups for all the

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projects except uh I'll be um for the 8447 one. You'll know why in a minute. So, you have a lot of small storefronts side by side. Would your projects and first I'm just asking um excuse me uh

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TMA. Uh will you be able if if a tenant wanted a bigger space than the two? Do you have the ability to combine the two? >> Yes, sir. >> Yes, sir. It's >> it's like a vanilla box, we can divide it however they want to. Some people wants a smaller to give a chance and that's one of the reason why we want to

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give a chance. So somebody wants 1,000 square foot and we like the person we like this papa and mama they want in a tat we like to give him the 1,000 square ft. >> Okay. >> I took this in consideration in my design. It is going to even after construction it's going to be more intent for a flex space.

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>> So it is doable. >> Mhm. >> Thank you. >> Of course. >> The only question I think >> no. >> Okay. Okay. Anything for Enigma on 8901? >> Yes, Vice Mayor. >> Okay. Thank you. >> Hi.

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Your um your event space that I'm seeing the outdoor event space is is that going to be natural grass turf uh astroturf or something like that? What is that? >> We're looking at turf. It's easy to maintain, easy to replace every two years. Gives it a new look every two

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years. Um grass would be difficult to maintain because we would have to have the people out before we maintain the grass. >> Okay. So underneath that you're going to have the proper drainage for an artificial surface all. Okay. Good. And give me an idea. You said priority review is one of your conditions. What

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does that mean? >> It's one of the conditions. It's one of the requests. Um city has its channel. They take normally um 40 days before it um it goes into different departments. So priority review is if if things can make it faster and we can have the

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development faster because uh we want to finish faster and we can start the construction. Uh in our previous project it took us some time uh towards ourself and it it took us took city also we we took months to discuss on the same

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issues and u clear things out. So when I'm saying priority is if things can be given priority we can look forward to finish everything between now and um 18 to 20 months. >> Okay. And a question for staff can we do priority review?

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>> We traditionally try to prioritize all CRA projects but obviously each each situation uh warrants different levels of service. So, >> so this would not be out of the ordinary. >> This would not be out of the ordinary for us to address a CRA project uh with

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as much priority as uh time and staff allows. >> Okay. Thank you. Those are mine. Council >> member Kitz. I saw his hand first. >> You're welcome to go ahead. >> Okay. Go ahead. >> Um thank you very much for your

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presentation. I had just two quick qu one question for everybody and I'm sorry I didn't ask T begin with but I'm sure it's not going to be an issue um is to uh um make sure that uh all units all proposals have connectivity to our walk

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our our major um initiative back there for the master plan to make it walkable basically from Boulder Parkway all the way down to the river. So that's that's going to be important. I believe it is. I think each one of them is, but I just wanted to, you know, validate that with with Enigma. I know TMA when when you

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come up again next time, you can just let me know one way or the other. Um, and is it it it will tie in easily with our our our our master pedestrian plan. >> Yes, we that's something we have already catered for and if there's anything more requests on that, we can always take

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care of it. Um, this is what we're trying to do. Um if we can develop both the parcels, we can have um not only people walking from one end to another end in the public uh pedestrian area also to maintain the the kind of tenants

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who are coming to downtown. Um there's an influx and on the 56th street there's an influx of a specific kind of food. We're trying to get uh away from it. uh this concept with social at 56 it's going to be a big um multi- restaurants where it would be we're trying to get

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Japanese um you know Mexican and all different kind of food into one area and where it's also where people can come in and relax them it's uh it also has a bar so yes coming back to the question that's something easy for us to do it >> okay I got two other quick questions one

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it's it's a little bit below the uh asking price any particular reason for that >> most of the space that um because our construction would be way less as compared because we're keeping a big section of it towards a grass area. Uh

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so we catered a bit off on that but um yeah that's um that's what we are catering for. >> It is what it is. >> Mhm. >> Okay. The last question I have given all the issues that we had with the initial property part parcel was considered half

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a parcel B where you are now >> are all of your supply chain issues and management issues and and and so forth. Have they all been solved? >> So Enigma Plaza being this is our Enigma Plaza was our first construction project

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and we took an very old building which had a lot of baggage. Every time we try to do some upgrade there's something some new challenges came up. Um initially it was a loss of engineer that delayed the whole project. We have to get six months on that and anytime we

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digging anywhere there are some things coming up which need another city approval another city review that took us more time. Now that we have completed it and this is groundup um we're not looking at any delays. This is going to be simple and uh you know as per the drawings everything is there. We we not

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expecting any more surprises on that ground. >> Your your your comments about what you what you had to work with. >> I was wondering how >> Oh yes. Now the supply chain is back to normal after co like you know it took us two years. Yeah. >> No my point is that I know what you had to work with. I know what you started

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with. I used to go shopping there when it was a lumber store >> 35 40 years ago. Okay. I know what you had to work with and I gave you a hard enough time >> in here. When are you going to get this done? So, >> you've done a great job with it. It's really a very nice project.

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>> Um, all things considered. So, uh um >> uh that's that's really all I had. As long as you get your problems fixed, it makes a difference. So, yes. >> Yes, we we all normal now we we would we trying not to use the same engineers and architects on the same thing. uh it

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would be a complete new line of engineers and architect and uh we have taken commitment from them that within 90 days we will be submitting our proposal so if we get through today 90 days we will have our final proposal here >> that's all I had chair

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>> council member covets >> yeah so thank you for coming by and I love how Enigma Plaza has developed I like going to Anka already I'm looking forward to other shops so just thank you so much for investing in temple terrace and it's coming along beautifully Um, I

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have a couple questions. So, the first one is just me giving you a bit of a hard time. Sorry. Um, in the documentation it said for the construction timeline 12 to 16 months and a second ago you just said 18 to 20 months. So, please tell me it's not already slipping. >> So, 12 to 16 months is after the

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approvals. >> Okay, got it. >> Um, 18 to 20 months is we we looking at from now until the end. >> Okay. >> U, provided we get expedite service from Greg Pauly. >> Sure. Um my other question is um you

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were the only bed from what I could tell that took the um the instruction about providing a public space >> uh seriously. So you have this grassy entertainment area with a screen. Um and my question goes a little bit in that

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direction. um comparing it to TMA's offer where they say we're going to take 5% of our net and we're going to put that into um an improvement fund or whatever. Um would you be willing to

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bind that public space legally to the city for a period of time so that it could be used as a real public space rather than a private landlord's? We we are open to it for um we can definitely sit back uh you know and we can do the

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thing is we want to do events there in terms of uh small gathering small uh weddings and if city has um something that we can do it together why not in fact the the rooftop there is also a small event center where you can actually go have your small wedding or event or something

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>> and uh that's what it's planned for. >> So yes we can we can we can look into that. Okay, please do because I think conceptually >> um if you keep that space private >> and you say it's going to be for the

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public and then you reduce the price. >> Mhm. >> Right. You you're making a sacrifice. >> But the only way that it could be valued as an inkind payment to the city is if you were to say, "I'm going to buy this property. I'm going to offer you a lower

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purchase price, but I'm going to provide this space for the public for the city's use for 20 years. And then you could assign maybe like a monthly lease value to that space. >> Yes. >> And that would then potentially make your offer look more financially competitive. >> So when we said that the offer is low,

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it wasn't because of the dedicated area, but it was because of the construction area that we were sacrificing. Uh we could have built about 35 to 40,000 ft on that. looking at the downtown that you know we looking at more people coming in uh we have to reduce it down

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to 30,000 uh approximately but coming to that um we we don't mind working with the city but you know the maintenance like you know we have we are right now talking to Hillsboro County Hills county um we discussing on the riverside property where we're going to have a

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whole walkway and everything we we planning on those things uh Hillsboro County not even uh you know compensate you about $5 million uh in compensations or as as a partnership to do all of that and it's kind of a private public

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partnership that the walkway would be jointly owned and people would have access to use the river and all those things um coming to this property if we can have a joint uh management like you know because I think every two to three years that turf have to be changed uh

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that turf would be over $150,000 $200,000 so that's the kind of reason the value that we are catering for every 2 years that 3 years that they say you know the uh the it goes all the way until 5 years but we know 3 years it shades off and you know with this

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Florida sun we we may have to change it so yeah but we most open to city like we in the contract we can work something out that so many number of days are given to city events and they most welcome to take it >> right so that that would be very interesting to me and I think council

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member Fernandez in May may may of last year also mentioned wouldn't it'd be nice if we could take part of this property and make it into an event space. Uh, and I think yours comes closest to that vision, but I think it it I can't give it to the lowest bidder. I think that just is unfair. So, if

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there were some way for you to make what you're offering informally, >> a formal offer and say, for example, we're going to offer you this space. We're going to maintain it for you. Every three years, we commit to change the turf. We're going to do all the maintenance. We're going to do all the hard work. and then you will have it

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available to you for public events officially legally then I think that would be very valuable. >> I'm sure we can work with that. >> Okay, >> we can we can commit to that where we can have a joint ownership or something >> because we are we have a a bar which is

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going to be half in and half out. So people who would be sitting there we will have some tables and chairs been arranged there but in case you have any private events or something then we would make arrangements that that's been removed and it can be catered for the private events. Yes. >> And I also like that yours is the only

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offer which has this public space faced inward instead of toward the street. >> So 56th Street is a major artery. Um I think facing things to that side it is standard for urban planning. I recognize that. But I I don't think it's going to

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help downtown become a more livable space. But having a an event space in there, as we've seen with the food truck event several times, um that that does work and people come in there and then they enjoy themselves. >> Yeah, we here since past 5 years, we've been hearing council, we've been hearing locals what exactly they want, what

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exactly we've been attending most of the uh meetings that is uh jointly hosted uh with the city um when it comes to public. So we get an idea what what the people of Temple wants. So it seems like we have achieved it and um rest is up to

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the council to decide what they want. That's all I have. Thank you. >> Any other questions for the Enigma group? >> I have general questions not for specific. >> Okay. Um okay. Thank you. Are there questions for

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the Fountain Square group? Yes. >> Clarifying question. >> City manager. >> So just just one clarify thing in your presentation. I think you said there are 200 parton spaces provided. >> We we counted the one outside parameters also which is co-shared between the uh I

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think ours is 160 and we counted the 40 which is >> public space >> which is the public space. >> Okay. So see so on that slide where you have the green space I'm just asking the green space is a big space it's attractive space but I'm just trying to do the math in my head. So >> you have the green space and then on your on the remaining private parcel

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you're going to accommodate 160 parking space. >> Yes. I think that's what I can if I'm not 100% it's around that. Yeah. >> Okay. All right. Thank you. >> We we are well within the parking area but you know as soon as you compare about uh events we go over the parking requirements because events will call

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extra people. That also said if it's a evening event if you will see Windixie fades down and there's a parking arrangements between all the parcels where we all can benefit each other. So yeah. >> Thank you. >> Okay. Okay. Are there questions for the

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Fountain Square group? >> Yes. >> Start with Council Member Kravitz this time. >> Hi. >> Hello. >> Thank you. Um, I'll just lead off by saying you obviously have the most skin in the game because you own the property

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next door to this. So, I like that. Um, thank you very much for investing and uh for doing such a good job with that property. I love going to the Starbucks. So, uh, thank you very much and uh, it's a it's a great development. So, good good turnaround there. Um, I have a question about the voluntary use

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restriction. So, it's hookah smoke and vape you've said, right? Those are not going to be >> the um, >> that's correct. >> Yeah, sorry. Yeah, >> there's going to be a deed restriction for no hookah lounges or vapor smoke shops.

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>> Okay. Anything else that you're restricting? >> Not at the moment. >> Okay. Um and the um what what what sort of um signage are you envisioning in that space? Like

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you're you're facing it. I I I know that you had a very strong emphasis toward 56th Street, right? You wanted to bring people in. And so I associate that typically with like really big signs. Right. >> Understood. Yeah. Um so we specialize in wayfinding placemaking and so it doesn't

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necessarily have to be bold signage per se. Um it should be scaled to the space and obviously to the number of tenants. And I know that there was a previous general question that I'll answer in conjunction with this to keep it moving.

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But we are a a a team that has specialized in both rejuvenating uh communities and uh mixeduse developments such as Hyde Park um that's probably the most notable in this local area uh as well as nationwide. So um what we focus

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on is making sure that we one allow spaces that can be expanded or contracted based on who is going to be taking that space and the signage kind of will go with that, right? Um and so the the amount of signage will be strongly based on the actual leasing

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potential but then the type of signage will be designed in such that it is at scale to that pedestrian environment. So it's not about being a billboard. It's about being a space where people feel comfortable to meander and see but also

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so that tenants feel that they are represented on both the 56 and the uh community side. And may I add that it'll be channel letters. It won't be panels as far as lettering goes. And Fountain Square will be featured prominently as

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the the rendering showed with individual identifications for the the tenants there. >> Um I was happy to see that you considered EV charging. Um and I was wondering if you were also considering bicycle parking.

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>> Yes. Yes, absolutely. It's probably not explicitly noted on the plan, but that's something that every community >> multi instrument and >> so it will be transportation a part of that. >> Okay. Um if I may, um we've we've also

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designed the property on a smaller scale for drawing people in event spaces by having the open corridor in both the lower level and the upper level. you know, we envision holding events like other um of the people have proposed,

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you know, having, you know, music and things like that within that area >> to try and draw people in. >> Really tried to give both a front porch and a back porch as well as a courtyard. Um and same thing for the rooftop area. It's not all private privately focused

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up there. It could be some shared spaces um as well as down on the lower level which is going to gather people and send people upstairs to to activate those spaces. >> Well, the open rooftop area is covered. There's a roof over that, you know, so

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it's, you know, u 24/7 I mean 365 days a year use in that space, >> right? Okay. So, um awesome. Thank Thank you for coming to Temple Terrace and for doing the investment. I really do appreciate it. Um, I I I really think it's excellent when people have two

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properties next to each other. You have a much stronger incentive to have a balanced tenant mix. Uh, and I think that when you're one property is suffering and it impacts the other one, it also incentivizes the landlord to keep both properties up rather than just kind of jettisoning one. Um, so, uh, but

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I was a little bit surprised to see such a long due diligence period and such a long period for approvals where you could potentially tie up the city's property for over a year. So, why is that? If you already own the property next door, you should have a good idea of how it works, right? >> Yes. And um in my my presentation, um

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we're willing to wave all contingencies. We're familiar with the property. We know we're familiar with the um monitoring well that's in the middle of the site and all that stuff. And um so at at this point we're willing to wave

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all contingencies and close you know as soon as we can get a contract together immediately essentially. Um so um you know we weren't allowed to modify our our official proposals but I wanted to convey that. >> Okay. So the you you would be an uncontent offer from what it sounds

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like. >> Correct. And like I said, we we want to break ground before the end of this year and and we feel strongly that we'll be able to get the architecture, the approvals, and everything else necessary to do that. >> Thank you for answering my questions. I appreciate it. Yes, sir. >> Thank you, Council Member

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>> Sher. I had two questions. Um most of it borders around the 12,000 square foot and then the 5,500 foot of the public area. Um I'm having difficulty envisioning how that would work. Um, >> can we pull up the I'm sorry. I'll tell

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you what slide to be on. We'll take a look here. >> That was where I was speeding through the end. >> There you go. >> And I wish I could zoom in. Can I zoom in? Maybe not. >> Okay. So, uh, I will try to articulate

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it uh, verbally. So, on the left hand side, this is the first level. Um, we've got 3600 and this is a mirrored uh plan. So, I can speak to one side and just understand that it is mirrored. We have 3,600 square feet of food and beverage, which could be three individual tenants

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or it could be one tenant or it could be two tenants, however that works out. Then towards the center, we do have the boutique shopping. Those are also 1,200 square ft. So, four units, that's 4,800 square ft. Um, and there is one main hub

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that you can see there with the stairwell that allows for the utilities and all of kind of the back of house flexibility that you need to have for those tenants um to truly function and have it in a a centralized space. So

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whenever you combine all of those together and then you also take we used a very very large spilling out of uh plaza like walkways and sidewalks. So I believe if I have it on the next one

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I'm hoping that I have it on this. Okay, I do not have it on this but I can still speak to it. Um, I believe that we are no less than 15 feet for our sidewalks on the front. So, if you if there was an event or something that where we're bringing in food trucks,

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there would be the ability for somebody to congregate in that particular front area as well as behind. Behind, I believe we get to a depth that's even greater than 15. I think it gets to about 20. And to Charlie's point, the

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upstairs that covered space, that shared covered space, it is there for restaurants to spill out, but it is not um denied to the public. So that does give you a covered shared space. And then down below you have that central

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atrium that is also uh weather covered um that is contributing to that overall 12,000 ft. >> So the public space is everything >> that whole T-shaped area. Exactly. >> Well, um on both the front and the back along with the center corridor where we

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can hold events, you know, small art shows, music. >> It's meant to be lived up. It's meant to have those amenities to allow people to gather and spill out of the stores or spill out of the uh the food and beverage areas, but also just gather and have fun.

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>> Okay. Now, just one little question, and don't laugh, but did I hear you say you guys had matched the best offer? >> That's correct. >> Okay. So, you'd match the 16 1.6 Six. >> Okay. >> Correct. >> All right. Very good. >> And and close immediately. >> Okay. That's >> Thank you. >> That was my questions. Thank you.

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>> Any questions for the Fountain Square folks >> at this point? Specific. >> Not at this point. Okay. Thank you very much. >> Appreciate your time. >> Any questions for Albby on 8901? >> Council member Kravitz. >> I'll be

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>> hi. Thank thank you for making an investment here at least uh for for offering to I I do appreciate it. Um I was a little bit surprised by the size of your deposit uh because you're making an allcash offer and it's $1.445

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million but the deposit is only $25,000. Who does that? I've made bigger deposits on single family homes. >> Crazy. Um >> what's going on here? >> We can make the deposit whatever you like it to be. >> Okay. Well, it just seemed a little odd. So, you're not having any difficulty raising money. Is that why the deposit

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is small? >> I think we submitted proof of funds if I remember correctly. So, money is not an issue. >> All right. Well, I just had to ask. That's all I have. >> Any other questions for Albby on 8901? >> Okay. Well, we'll move to 8447. And

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since Albby is up here, um, are there questions? Are there questions for the Albby representative on 8447? >> Give me a chance to pull that. >> Okay, give us one second. >> Take your time.

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>> Anybody else locked and loaded here? >> Probably. >> I'll be on 8447. No. >> Oh. Um, that's an interest. I wasn't ready for that one. Hold on. is I can go back in order if it's throwing everybody off. >> I just got to see something.

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>> Okay, >> just a little off. >> This is the Basha restaurant proposal. Yeah, >> I did actually have a question on that. >> Okay, council member Kravitz, you're ready and then you're >> regarding the south parcel. I'll just call it and the north parcel. One thing

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that I did notice in your submittals was the tenants that you name for both of them are the same. So, I'm wondering, do you have different tenants for the north parcel and the south parcel? Are you just saying that what you'll get those tenants and then you'll move them around however it suits you? >> Uh, if that's the case, that's our

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mistake. Uh, the south parcel being 8447 is intend and our vision is to have it as a single tenant destination restaurant event space. So, that's Elbasha which is um like I said nationally acclaimed restaurant. >> You mean one big restaurant? Understood.

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Yeah, everyone else is for A901. >> That was that was my question. Thank you. >> Okay, vice mayor. >> Yeah, the only thing on your I know it's just a preliminary site plan in your drawings and this is really for the the other two groups also. I didn't I know there's some um mention of connectivity

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to the city southside, the park and the new area and all that. It just still doesn't flow like through the parking lot and stuff. So, I don't know under final site plan you'd be able to correct that. >> Yeah. So, we were actually just talking about that last night. We you can see kind of a pedestrian path going plan

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east. It really needs to turn and go towards the river. Uh, which is our intention. Um, and we'd be happy to work with your team, >> but also connectivity to north of that property, too. I mean, the whole idea is everybody from Bullard all the way down,

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we want people to be able to go up and up and down. >> We would love nothing more than that. Um I think connectivity everyone wins with that. So >> all right thank you. That's the only >> any other questions for Yes. Membership. >> You didn't make the present. This isn't

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in your presentation. Is in the presentation from Enigma where they have they're they're having a dedicated walkway east west from the bus stop back through to the to Bertha Palmer Drive. Would you guys is there a way that you could work that into your your concept? >> I think if that's something that's

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important to the city, we would find a way to make it work. that improves the connectivity to public transit and bring and and brings people into the city and into into the development >> and that's the kind of input that we need, right? I'm not here. So, um I think what we would like to see on a

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project like this is collaboration between the right folks in city hall um to tell us things like that that need to that that are important and and impactful for the neighborhood. >> Okay. Thank you. That's all I had. Anything else for the allbe proposal on 8447? Oh, Council Member Krevs,

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>> just one small qu I had a little bit of confusion about the um the uh closing date. So, is it is it 30 days after due diligence or 30 days after final development approvals? Which one? >> That as well. And it's 30 days after due diligence. >> Okay. After DD. Thank you. That's all.

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>> Apologies for that. >> Okay. Um how about the Enigma Group on 8447? Council member Schustler. >> Um, I love the walkway concept. That's a that's that that's a big deal for me. I

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like that connecting public transit with with with the whole project. Um, I I like the con I like the fact that you got the uh LOIs with so many potential tenants. I think that's good. My only real question is um

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you're shaking your head >> is for staff. Do the palm trees there's a there was an issue with palm trees and tree coverage. Did that um palm trees count for tree coverage? Yes. >> Okay. So, we would really you were

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looking for some consideration if I'm unless I'm getting unless I'm getting my my proposals mixed up. You were looking for some consideration on the tree mitigation u aspect of it. >> I I think what uh Mr. Singh and I don't mean to speak for him. He's standing right behind me. But I think what he was

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seeking was relief from mitigation on having to remove trees from >> from the existing site. Um, as you I'm sure you are very much aware, uh, we use palm trees elsewhere in that area. That's so it is it is customary to have

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palm trees planted in the area, but I I think Mr. seeing is more interested in relief on the mitigation contributions for having to remove some of the large oak trees in the >> correct so thank you thank you Greg you said most of it so um what according to

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my knowledge uh when you're removing a shade tree it has to be replaced to a shade tree >> palm tree is not in a heavy shade tree has categories and palm tree is at the end so when you're replacing a 24-in oak

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tree with other shade trees, you would have to replace it according to the 24 in. But palm trees reach to the lowest category. So we would not we may not be able to reach that mitigation. That's we're going to have a lot of palm trees on there and other trees as well, shade

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trees where it's not bothering and you know palm trees for the aesthetic. So that's the kind of we asking for a relief on on that part of it. >> Okay. Now I realize where Mr. Paulie was having his his head twitching. My I can't read my own writing was do you have any LOIs from the for from the

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tenants? >> So we have a lot of LOIS um and uh we trying to guide the Enigma Plaza in a specific direction. Um we we on the first level like here we have a salon suite who wants to be in Enigma Plaza

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and we are not allowing him because we want to have more um restaurant retail based. So we are trying to get them on the first level uh of this. So yes there are a lot of loss we in fact we are bombarded with lois every day we receive

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an average of 10 to 12 a month. >> Okay tomorrow I have meeting with six of them um most of them come with a similar concept of Mediterranean food. So we're trying to limitize it um um and we're trying to have a variety where it can be

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different um stores and not uh complimenting each other next to each other. So by having the south parcel we can also guide that. So we we don't have the same like you know coffee shop next to a coffee shop uh Mediterranean restaurant next to a Mediterranean restaurant. So that's what we're trying

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to do. >> Okay. Very good. Thank you. I appreciate the answer. Sorry Mr. Paul. Council member Provis. >> Um, great concept. Love it. >> Um, and also >> the parallelism, two properties right

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next to each other. Very nice. >> Um, I wanted to ask if you would be willing to legally commit to the uh lighted walkway to the city pond and the underpass element. Yes, you are willing to do that. >> Okay, that was my question. >> That that's a key feature. So, we're

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going to keep it here. Other questions for the Enigma? >> Okay, thank you very much. And the last one is the TMA group for 8447. Are there questions for the TMA proposal for 8447?

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I may have made you walk for nothing. >> I have no idea. >> But I can I can talk I can mention something about that property. Doesn't doesn't appear that there are any questions for you concerning the proposal for 8447. So >> which one is that? That's the south one. >> That's the south one. >> Yes.

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>> So I'm sorry for having >> the same question was connectivity. >> Yeah. Yeah. I guess it was >> connectivity. You have the same >> I am sorry for making you walk up. >> No problem. >> Thank you. >> It's all right. >> Okay. Council members. Um if there are no further questions.

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>> I have questions for staff. >> Okay. Council member Fernandez. >> General questions. Okay. So, as part of our design approval process, um do I know that we have parking

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requirements, but um have we considered golf cart parking if we you know, we are somewhat of a golf cart community and we want to encourage people to come up to this property, both properties and different means of transport. Um, but I

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didn't I didn't hear anything. I mean, nobody mentioned golf cart parking, and I don't know if the city has a process for requesting some number of those. >> We do not have a requirement for golf

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cart parking. We have entertained and had discussions in previous uh projects with golf cart parking. Um, golf cart parking and bicycle parking are all considered part of the multimodal program, which is strongly encouraged

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because it's what allows our CRA developers to receive waiverss against their um their uh transportation impact fees. So, um, from time to time we do have that question. Now, from a

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developer standpoint, most of the gentlemen and ladies in the room will tell you that parking is often very valuable for their projects, and a golf cart space takes almost as much as a regular parking space. So, there's always that internal

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challenge as to they've only got so much real estate to work with. They're obviously trying to create the best, highest use that they can within our community. So there's always that internal challenge about are they going to actually dedicate um parking spaces

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for golf cart parking and that's a discussion that usually is had during the DRC process. >> Okay. So I mean it wouldn't necessarily matter if somebody's driving up there in a golf cart versus their car. They're going to park in a parking space. >> That's exactly what they've told us. I

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wasn't sure if this if that did anything to change the uh parking requirements, the the square footage allocated to parking or anything like that. >> It it does not. It's it's it still counts as a parking space. >> Okay. Um,

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we've talked th this is um not necessarily specific to these properties, but this is about connectivity from the other side of 56th Street in order to utilize these

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u the developments that we're talking about. Is there anything um that we would need to do as a city to require in these in the design on this side of 56th Street in order to in the future

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create better connectivity across to the other side of 56th Street? >> Well, let me let me start by saying that's slightly outside of my sandbox. I can I can talk in very general terms but in reality that's uh that's for our engineering department to uh engage in

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and they do participate actively with our DRC process. So, having said that, these both of these properties front 56th Street. Um, even though once developed, one of them is designed to actually face away from 56th Street, but

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because they take access from 56th Street, they are subject to FDOT review as well. So, not only do our engineers look at it from a uh transportation and access standpoint, the FDOT folks look

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at it as well. Yes, city manager. >> So, I think also to add to that is that um about two three years ago, the city did put in a request uh as far as the transportation permit plan to add a signalized intersection at Chicago uh

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which would have the pedestrian crosswalks and you know walk on the on the white signal. Um that request wasn't prioritized so doesn't look likely if memory serves and I have to check with engineering and get back to the council but I believe they are defaulting to a

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potential pedestrian crossing there signalized pedestrian crossing but I'll have to confirm that but that would allow against one means to get folks from the west side to the east side of 56th Street. >> Okay. I'm just thinking about like any specific design elements that would need to be

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considered in any of these proposals to make sure that the future we're not forgetting that. >> No, and I I understand totally. Um it's just outside of my my sandbox so to speak that falls under public works and engineering. So I don't want to speak >> right

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>> hard to that because I don't necessarily know the correct answer. Um so as far as the design the facades basically um for for each of the proposed projects um do all of them meet the design elements

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that are specified in the CRA or are there u are some of the facads u outside of that? Well, again, please uh please note that all we're looking at right now is renderings. We're not looking at true

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elevations. So, we would actually have to see the true elevations. Um most of what I've seen does fall within a Mediterranean style. Um I think one of the presentations actually uh comments on a traditional versus um a a more

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modern Mediterranean uh front style. Uh but that's a very hard thing for me to respond to just looking at a a rendering. >> I just want >> we would have to look at an elevation, but they're all very much aware of the standards for the CRA. >> Okay. So if a if any of the projects

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that go forward into the future that is actually going to be through the approval process and the site review process. >> I'm not aware of any interest by any of the developers to seek waiverss on architectural styles.

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>> Okay. Um, so my my last question has to do with like kind of the open air space. >> Um, for our city codes, what do we have any limits on that open

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space? How how it can be used? meaning uh would we have to do anything to change our our uh permitted uses to have gatherings in the open space or to you know have a screen with movies or is all

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of that activity I mean I know I I've asked for active in that area before but I just I'm asking is all of that fully within the intended scope of that space or would is would there be anything the city has to do to make that possible.

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>> That's going to be something that we may have to make an amendment um depending on the true scope and use for the spaces. Um I know that when we discussed a prior uh and I think Mr. Mueller may

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be able to add to this a little bit. When we looked at a prior proposal that involved more of a sporting activity, um there was some question as to whether or not that fit the space as well. Uh but those things are all reviewed both uh DRC and through legal. And obviously if

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it's the city's goal to uh activate a space of that nature, then we would be bringing forward the necessary uh amendments to make that happen. >> City manager. >> So I just wanted to pick up on that. So, um, there was conversation about that

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open space and whether it would be perhaps dedicated and not I'm not putting words to Mr. Sigmoski. He's not committing to that, but there was a conversation about dedicating it to to the public potentially. >> So, I just want to raise the operational concern with that, which is um as we

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speak or earlier today that the legislaturator is passing a passed a bill to uh reduce property tax and some of the uses for property tax. uh we're going to be struggling to fund the our operation going forward if that ballot initiative is approved in November. Uh

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so I'd be very reluctant to take on an additional responsibility already on top of all the other responsibilities we already have, you know, dedicated and encumbered and planned for. So I just be concerned about that. I love the idea about the private space and it sounds like that's where Mr. Singh was going and operating

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that privately but open to the public for events and attracting people. But again, if we're going to make it public, I think that's a longer conversation that we need to have. >> And those are all my questions. >> Okay. Are there other questions for staff or our broker? Council member Kravitz, >> just want to briefly clarify point. Um, it doesn't have to be structured in a

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way that it costs us anything. It could be structured strictly as our option to use it. So that's that's where I was thinking because otherwise there wouldn't be any value add, right? So anyway, I just wanted to point that out. Um, and I I did have one question if to whoever might want to answer it. Um the

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Albasha restaurant uh there is an LOI attached to that I believe. Um could anyone tell me what is the penalty for Albasha to walk away from the LOI at this point? >> I'm sorry you'd have to refer to the developer for that. >> That's sure that we're pardon. Okay. I

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thought it was >> So right now the it's an LOI. It's not a lease. Uh we would work towards signing a lease simultaneously with signing contract with you all. >> Okay. So my read was there no no penalty to there's no like money there. >> Yeah it's a it's a letter of intent until there's a lease in place. It's a

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letter of intent. >> A lot to stake on one tenant. Do you how do you know them? >> Uh we are actively working with them on rolling out multiple restaurants uh throughout the country. >> There's just like a build to suit thing. They approached you and they said we'd like to go to Temple Terrace. Can you build us a restaurant then give it to us as a lease?

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>> Pretty much. Yes. >> Okay. Got it. Okay. Thank you. Okay. >> Other questions for staff or our broker? If there are no further questions, the anticipated uh actions at this step for the council would be a motion u of

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approval to move all or one or some combination of proposals for 8901 and the same thing would occur for 8447 a separate motion. So that would be the anticipated action at this point.

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Okay, a question for >> Yes. Excuse me. Um, >> so what what if we move one or multiple ones forward for tonight? What's our action plan for tonight? What do we >> Okay. No, good good question. So then at the council meeting, which will start in

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about 42 minutes, we would then hear those proposals again. And I think the probably the uh what we've done historically is the presentations are somewhat abbreviated since we've heard the whole thing. Um the public would have an opportunity for

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comment because there will probably be public there that aren't that isn't here now. Um there would be another question period for council. You might want to drill deeper on the questions. um a little more discussion, although we can have discussion now if you choose,

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but um a little more in-depth and then at the council meeting, we would make a decision um to direct staff. Well, we would either make a decision to make to direct staff to do something and enter into negotiations or we would not.

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That's up to the council obviously, but that's what will happen at the council meeting. >> Okay. Thank you. So the question for us now is what do we as a board want to move forward for count for discussion at the next meeting? >> I'd really like to hear what everybody thinks at this stage.

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>> Well, I I I think that there is value in each of the proposals that um I mean I I have some that I prefer, but I do I do think that there's value in each of the proposals for different reasons. they'll bring

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something a little bit different. So, I'm not necessarily ready at this point to say, uh, this this one's totally off the table. >> Okay. >> Well, we need two motions to make that happen. We need one for 8901 and then we would need one for 8447.

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>> Okay. Then I I move to move forward the four proposals for 8901 North 56th Street to city council. >> Second motion and second discussion of the motion. >> All those in favor say I.

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>> I. Opposed. No nays. We'll move those forward for our city council meeting. And now we'll take up 8447. Um, I feel the same way about 8447. >> Got to say the magic words. >> So, so I'd like to make a motion to move

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the three proposals that we've received for 8447 North 56 Street to the city council meeting. >> Second. Motion in a second. Discussion of the motion. If not, all those in favor say I. >> I. Opposed? No. That's what we will do

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with 8447. We will hear these uh again at the city council meeting. I would um we're going to have to strike a balance between doing the whole thing over, but also be aware that we may have members of the public who are either here or

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watching the council meeting that might not have watched this. So there will be some measure of repet or duplication of what we've already done. So um with that board members, yes, make >> one 30 second comment. Sure. Thank you, staff. Thank you, Mr. Sir, the our

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broker. And thank you to all the all the the uh investors and and and um presenters. Very good presentation all up and down. You were able to answer our questions. Thank you very much for your cooperation and your interest in in our

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city. We appreciate that very much. Thank you. >> Okay. Other board members, there anything else for us to discuss before we adjourn? Yes, Council Member Crow. I >> have a thought. is directed to everyone up here but also to some extent to the audience. Um from my perspective anyway, it's

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difficult to approve an offer or endorse one when the cash offered is significantly below another offer no matter no matter how much I or we might like a particular offer. So just as a a point to anyone who might have made an

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offer that was quite low, uh my my recommendation would be maybe revisit that and see if you can stretch that offer to move it in line with the other ones before we proceed because otherwise personally I will be I will be looking at whether there is a

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big difference between you don't have to respond. I'm just saying, you know, we're going to go into round two in a minute, but I'd be curious to see uh if the people who have submitted offers that are noticeably weaker >> uh will sweeten them in some way. So, I think I think that's very important. And

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uh that then we can evaluate really on the merits more than on the on the amount of money offered. And I think that that's best for the city because we want to obviously have the best offer. we don't necessarily want to go with one that's better and lose out money or go with a worse offer that has more money in it because that would be the

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reasonable thing to do. So that's just my my thought at this stage. So >> thank you council member Mr. Mueller. That's contrary to legal advice we've gotten in the past. Can you clarify? >> Unfortunately that goes against the competitive bidding process where really can't alter it after the biddings uh the

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competitive bidding's been closed. So, uh, going to have to, I think, evaluate each one with the bid that's been proposed and no amendment to it. >> I could ask a clarifying question on that then. So, as we proceed into the next phase where we're actually

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evaluating past a bid and moving into an actual negotiation, at that point, there will be various legal terms that will be hashed out that are not currently defined or in the scope of the bid. Right. >> I believe so. Yes.

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>> Okay. So, and when that happens, there will be a back and forth and it might be possible that the city will receive some kind of benefit in the form of those negotiations presumably. >> Am I wrong? >> I think we need to just tread carefully

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on that. I'm a little concerned upon, you know, violating the the competitive bid process as we move forward. I think as it comes forward, we'll just, I think, assess it at that time. uh if there's something that's coming forward, but I think you need to assess or evaluate each of these bids as they came

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in at in that at the city council meeting this late. >> That's fine. I understand. But nevertheless, we've had a discussion with some of these developers and we've pushed back on them with questions and we've asked them if they would be willing to do this, that or the other thing. All many of us did. Uh maybe me most of all, but I wasn't the only one.

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uh and as we go into the next phase uh some of those developers will be offering those things presumably and then we should consider that or we shouldn't ask the question. So which one is it? I would evaluate the bids as they came in. I would not be looking for any

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increase in in the off in their offer. Uh, and as far as any like the the uh where you wanted to have a dedication of the uh public space and stuff like that, I would have to look into that a little more before I could answer that. Now, as

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far as that being a part of the process, >> yeah, we also had items raised like the uh the connection way. >> Yeah. Yeah. The public all came up, various people >> being dedicated to the city. I would have to evaluate that as far as whether that can be changed >> at this time. Uh certainly not any of

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the the uh offers. >> Okay. >> Um I'm sorry I don't want to interrupt. Are you okay? Can I ask a related clarifying question that goes kind of to the same point? >> It I'm going from memory because we have had like open bidding breakout here at

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meetings and had to stop. This was years ago. But um wouldn't it be appropriate for us when we when or if or when we give direction for our broker and staff to enter into

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negotiations with somebody that has made an offer? Wouldn't it be appropriate for the this council to say >> we want you to enter into negotiations with proposal A. However, we would like

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you to pursue A, B, and C while you're doing that because the the results of their negotiations would have to come back for us for approval. This is in the sunshine. Couldn't we say, um, but just hypothetically, like, I

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like project A, but I don't like how it's sitting on the property, or I don't like the fact that it's got this or that. When you enter in into negotiations, would you please try to negotiate for it to be repositioned or treat or please

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try to negotiate for a different style of architecture? But we're giving direction to them not asking them to change their bid. Would that be okay? >> Yes. I mean, after the negotiation process, and if that's what you're asking, I apologize. I did not

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understand it to be that way. But once if you've moved forward, if you decide to move forward with any of these into the negotiation process, I believe that that would be an appropriate time to do it. I was just more concerned about the bidding war. >> Okay. So, if I if I understand

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correctly, and I I don't know that I do, and I certainly don't want to put words in another person's mouth, but if hypothetically we liked a certain project, but we didn't like the price that was offered. Yeah. >> Could we say the same thing? say, "Look, we like this project, but when you

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negotiate, would you see if they're willing to pay X?" And we're not asking them here. >> We're asking our team to negotiate. And we're doing it in the sunshine, but we're asking our folks to negotiate with them for a higher price or a different

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design or a different whatever would that be. >> And this is at at what point? I guess that's where I'm a little it's not coming across >> well where we say somebody up here says well I'd really like to see negotiations

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on project X but I don't like this part of it >> right >> I um what I can try and do is give you a clear answer on that um this this evening in this break time

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I would like to try >> take a look at >> I think we've done that before we said you know I really like that but I don't like >> I just want be sure, >> you know, you want to paint this building blue and we don't want a blue building. We want it, you know, I mean, or whatever. >> Yeah. If you can just give me I just want to be sure not to belver the point because we had this discussion

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previously. >> We we we're not to make a decision saying, well, they said they might increase that a little bit. We'll go with that because this is the number that they've offered and with with I think what you're trying to say is that the we can't make that we can't make

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that change on the fly because the bids have already been submitted. We've been down that road before. >> Correct. I just got to see what can I want to be confident in telling you what can be negotiated and what can't at the next phase. >> What can be negotiated or what can be

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what can be used as a criteria tonight >> or negotiated? Well, I was looking at negotiating after tonight, but I know that you wanted to maybe talk about that. That's why I needed to look at it in the break. >> Okay. I'm sorry. >> Okay.

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>> Briefly on this. >> I mean, in my perfect world, >> we negotiate with everyone here all the way up to the point where we at the last moment figure out which one of them we want because that gives us the best and the strongest position. So, we enter into negotiations in my perspective with

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all of them. That's how you do it commercially in the in the optimal way. So you tell me if there's some law against that. But my idea would be we're negotiating with all of these submitts. We try to get the absolute best value out of every single one. And when we've decided in the negotiation what that

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value is, it's brought back here and then we look at it one more time and decide. Is that not acceptable? >> Yes, I think what you described I think is acceptable. I just want to check on it >> because I don't want to run a foul of any have you guys run a foul of anything. So let give me just a break. But I think that's appropriate.

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>> Finally can start with that because a never- ending story. >> Yes. >> We never get the opportunity to make a final decision. But okay. >> Okay. Very good. Anything else to Okay, we will reconvene. looking very similar but sitting as the

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city council. We will reconvene at 6:00 him.