##VIDEO ID:uSRldLF0054##  PERFECT GOOD EVENING AND THEY TO THE TUESDAY OCTOBER 22ND 2020 FOR HOUSING AREA DEVELOPMENT MEANING AUTHORITY MEANING TO ORDER THE FIRST ITEM ON THE AGENDA IS THE APPROVAL OF THE AGENDA. ARE THERE ANY ADDITIONS OR CORRECTIONS TO THIS EVENING'S AGENDA HEARING NONE.  WE'D BE LOOKING FOR A MOTION TO APPROVE THIS EVENING'S AGENDA.  WAS IT APPROVED? WE HAVE A MOTION BY COMMISSIONER WOOTEN AND A SECOND BY COMMISSIONER CARTER TO APPROVE THE TUESDAY OCTOBER 20, THE OCTOBER 22ND 2024 MEETING TO ORDER.  AND I'M JUST GOING TO GIVE A LITTLE SUMMARY OF HOW THIS EVENING'S GOING TO WORK ONCE THE HEIGHTS ITEM IS UP FOR DISCUSSION THEN WE WILL START WITH A PRESENTATION FROM STAFF AND THEN WE WILL OPEN IT UP FOR A DISCUSSION AND THERE WILL BE A THREE MINUTE TIMER FOR YOU TO COME UP AND SPEAK ON THAT ITEM. SO THE FIRST ITEM IS 3.1 THE APPROVAL OF THE OCTOBER 8TH 2024 HRA BOARD MEETING MINUTES ARE THERE ANY ADDITIONS CORRECTIONS ON THE OCTOBER 8TH MEETING MINUTES?  COMMISSIONER WOOTEN. MADAM CHAIR I ACTUALLY HAVE A CORRECTION OR AT LEAST AN OMISSION I THINK THE LAST MEETING WE HAD A THREE MINUTE AND 42ND MARK I ACTUALLY HAD A CONVERSATION WITH MR. YOU KNOW AND ASKED FOR A PARTICULAR TO BE PUT IN FOR DISCUSSION AND SO I DON'T SEE THAT THE MINUTES OKAY .  ALL RIGHT.  I NEED TO STAY WITH IT. I THINK IF WE COULD HAVE STAFF GO BACK TO THAT POINT IN THE MEETING AND A UPDATE WITH THAT DISCUSSION INTO THE MINUTES AND HAVE THAT RECORDED IN WRITING AND THEN WE COULD TABLE IT AND HAVE THAT APPROVED AT THE AT LEAST. YES. SO THAT'S WHAT YOU SHOULD BE LOOKING FOR IS A DISCUSSION I HAD ABOUT THE HOUSING CHOICE VOUCHERS AND REPORTING AND THE FACT THAT I WANTED TO MAKE ENSURE THAT NO REPORTING OF OF THE STATUS THAT WE ACTUALLY HAVE A TRACKING OF WHAT'S GOING ON WITH THOSE FAMILIES ON A REGULAR BASIS. SO PERFECT SO WE ALL LOOK TO TABLE THIS THE OCTOBER 2020 FOR AHIP BOARD MEETING MINUTES FOR APPROVAL AT THE NEXT HRA MEETING.  MOVING ON TO NEW BUSINESS  ITEM 5.1 THE HOUSING IMPROVEMENT AREAS APPLICATION 8045 XERXES AVENUE SOUTH MAY WE HAVE THE STAFF.  CHAIR AND COMMISSIONERS THANK YOU.  SO I'LL START THE PRESENTATION BUT WE MIGHT HAVE TO ADDRESS SOMETHING. SO THE ITEM TONIGHT THAT BE CONSIDERING IS THE HEIGHTS REQUEST FOR HOUSING IMPROVEMENT AREA AND THE FIRST FEW SLIDES THAT I HAVE TONIGHT SORRY JUST  THE FIRST FEW SLIDES TONIGHT ARE BASED BASICALLY WE'RE SETTING A BASELINE SO IN TERMS OF THE BACKGROUND AND THE CONTEXT FOR THIS ITEM COMING BEFORE YOU TONIGHT SO YOU CAN SEE WE'VE GOT A CALL OUT FOR WHERE THE HEIGHTS IS THE HEIGHTS IS A CONDOMINIUM IT'S A IT A HOMEOWNER'S ASSOCIATION. THERE'S 30 UNITS AND ABOUT 27 THERE ARE 27 OWNERS AND TONIGHT IN TERMS OF OUR CONTENT WILL BASICALLY GIVE YOU A BASELINE ON WHAT AN HRA IS. WE'LL GO THROUGH BACKGROUND ON THE HEIGHTS REQUEST AND THE HISTORY OF REQUESTS FROM THE HEIGHTS FOR AN HRA WILL EXAMINE THE FINANCIALS OF THE CURRENT REQUEST AND THEN WE'LL GO THROUGH NEXT STEPS ASSOCIATED WITH THIS.  SO WHAT IS A HOUSING IMPROVEMENT AREA? THESE ARE THE ATRIA IS ENABLED UNDER STATE STATUTE AND THEY'RE INTENDED TO PROVIDE FINANCING FOR HOUSING ASSOCIATIONS SUCH AS CONDOMINIUMS TO TO MAKE IMPROVEMENTS AND IMPROVEMENTS THAT COULD NOT BE MADE WITHOUT AN HRA. SO THE CITY OF BLOOMINGTON HAS A LOCAL POLICY THAT WE'VE SET THAT CREATES REQUIREMENTS ABOVE AND BEYOND WHAT THE STATE REQUIRES ONE OF WHICH ONE OF THOSE REQUIREMENTS IS THAT 65% OF UNITS THAT ARE INVOLVED IN AN HRA REQUEST HAVE TO SUBMIT A PETITION IN SUPPORT OF THAT REQUEST AND SO THAT IS DIFFERENT THAN WHAT STATE REQUIRES BUT THAT STATES THAT SAME STATE STATUTE ALLOWS MUNICIPALITIES TO SET THEIR OWN REQUIREMENTS WITHIN A NICHE. SO THAT'S WHAT WE'VE DONE AT THE CITY.  SO IN TERMS OF CONTEXT FOR THIS REQUEST THAT WILL BE CONSIDERING TONIGHT THERE ARE SOME IMPORTANT ITEMS TO KNOW THIS IS A REQUEST TO RENOVATE A PARKING RAMP WHICH HAS BEEN DETERIORATING FOR MANY YEARS DUE TO LONG TERM DEFERRED MAINTENANCE.  THE RAMP IS CLOSED AS OF AUGUST OF THIS YEAR AND THERE'S BEEN AN INCREASE IN ON STREET PARKING AS A RESULT THERE ARE NO THERE ARE NO PARKING STALLS AVAILABLE ON THE PARCEL OF THE HEIGHTS AT THIS POINT. SO RESIDENTS ARE HAVING TO PARK ON THE STREET.  THERE HAVE BEEN PREVIOUS APPLICATIONS FOR A HOUSING IMPROVEMENT AREA BUT THEY HAVE BEEN DENIED THAT THEY WERE BOTH DENIED DUE TO THE EXPECTED EXTREME FINANCIAL BURDEN THAT THE FEE FROM THE ATRIA WOULD PUT ON TO HOMEOWNERS.  THE HRA HAS RECEIVED DENIAL FROM MULTIPLE PRIVATE LENDERS AND THAT GETS TO THAT STATE REQUIREMENT THAT THE HRA IS A LAST RESORT FUNDING SOURCE. SO AS PART OF BLOOMINGTON'S POLICY WE HAVE TO SEE DOCUMENTATION THAT THERE HAVE BEEN DENIALS FROM PRIVATE LENDING WHICH WE'VE RECEIVED AND THEN WE HAVE PUT TOGETHER A RECOMMENDATION STAFF HAVE THAT INCLUDES A FINANCING PACKAGE WITH MULTIPLE SOURCES WHICH WE RECOMMEND AS A WAY TO ADDRESS THIS PARKING CRISIS FOR THESE RESIDENTS. AND WHILE ALSO MINIMIZING THE FINANCIAL BURDEN THAT IS CREATED BY AN SO I JUST PROVIDE THIS MAP SO YOU CAN SEE WIDER AREA AND UNDERSTAND WHERE THIS ON STREET PARKING IS NOW HAVING TO OCCUR NOW THAT THAT PERSON THAT ENTIRE PARKING STRUCTURE BOTH UNDERGROUND AND ABOVE GROUND ARE CLOSED SO GENERALLY PARKING ON STREET IS OCCURRING AT ON XERXES AVENUE SOUTHBOUND AND THEN ONTO 81ST STREET THERE IS NO PARKING ON STREET TO THE NORTHWEST ON XERXES AVE BECAUSE OF A WIDE MEDIAN WHICH PREVENTS ON STREET PARKING FROM OCCURRING IN THAT AREA. SO ON STREET PARKING IS LIMITED ALREADY AND EXTENDS SOUTH FROM THE HEIGHTS SO A LITTLE BIT MORE DETAIL ON THE TIMELINE FOR THE HEIGHTS SO THE INITIAL REQUEST FOR AN AREA CAME TO THE HRA IN 2017 THAT APPLICATION DENIED THREE YEARS LATER AFTER STAFF REVIEW STAFF WORKING THE APPLICANT ON REDUCING THE SCOPE OF WORK ITEMS WERE INCLUDED IN THAT REQUEST AND DESPITE THOSE EFFORTS THE FINANCIAL BURDEN RESULTING FROM THE HRA WAS STILL WAS STILL SEEN AS BEING TOO BURDENSOME FOR RESIDENTS AND SO DENIAL WAS RECOMMENDED AND DENIAL WAS APPROVED BY HRA IN 2020 IN 2020 AND GOING FORWARD EVERY SIX MONTHS THE CITY AN ENGINEER INSPECTION OF THE DETERIORATION THAT PARKING STRUCTURE AND SO THAT'S BEEN ONGOING UP UNTIL PRESENT DAY IN 2022 THE SECOND HRA APPLICATION WAS SUBMITTED AND DENIED ON THE SAME GROUNDS AS THE FIRST. AND THEN FAST FORWARD TO DECEMBER OF YEAR THE THIRD HRA APPLICATION WAS SUBMITTED AND THAT'S THE APPLICATION THAT CONSIDERING TONIGHT AS OF AS I MENTIONED AS OF AUGUST THAT PARKING GARAGE WAS ORDERED FULLY CLOSED THE CERTIFICATE OCCUPANCY FOR THE STRUCTURE WAS REVOKED AND THAT WAS IN RESPONSE TO THE ENGINEER INSPECTION REPORT THAT THE CITY RECEIVED RECOMMENDING THAT CLOSURE AND THE OTHER ITEM THAT OCCURRED WAS EARLIER MONTH HRA STAFF AND SOME BOARD MEMBERS MET WITH RESIDENTS TO GO OVER THE REQUEST TODAY TRY TO TALK THROUGH THE DETAILS AND ANSWER ANY QUESTIONS THAT HAD COME UP FROM THAT REQUEST AND.  SINCE THEN WE'VE RECEIVED PETITIONS IN SUPPORT OF THE HRA REQUEST FROM 66% OF THE UNITS SO THE REQUEST THAT IS HERE TONIGHT IS FOR THE MOST LIMITED SCOPE POSSIBLE FOR WORK ITEMS AND THE ITEMS ARE BEING ADDRESSED ARE THOSE THAT ARE IN VIOLATION OF BUILDING CODE AT THE CITY AND THOSE ARE THE STATE OF DETERIORATION OF THE PARKING STRUCTURE AND THE TWO BALCONIES WHICH HAVE BEEN CLOSED DUE TO VIOLATING BUILDING CODE . SO THAT'S WHAT WE'RE CONSIDERING AND THAT IS WHAT IS INCLUDED IN THE PROJECT COST WHICH YOU'LL SEE IN THE TABLE ON THE LEFT.  SO THE TOTAL PROJECT COST INCLUDES A 15% CONTINGENCY COST AND IT INCLUDES PROFESSIONAL FEES IS TO PAY THE ENGINEER THAT IS PREPARING PLAN FOR THIS PROJECT AND SO THAT IS COMING TO $2.5 MILLION. SO THE FINANCING PACKAGE THAT THAT STAFF ARE RECOMMENDING INCLUDES MULTIPLE SOURCES. IT INCLUDES GENERAL OBLIGATION BONDING AND 1 MILLION FOR $1 MILLION AS WELL AS AN INNER FUND LOAN FOR 1.5 MILLION. AND THE REASON THAT THERE IS A RECOMMENDATION TO INCLUDE THE INNER FUND LOAN IS IT ALLOWS FOR A LOWER INTEREST RATE THAN WHAT IS POSSIBLE THROUGH BONDING AND THAT LOWER INTEREST RATE ALLOWS FOR A LOWER FEE THAT IS THAT THE RESIDENTS WILL PAY AND SO IT DECREASES THE FINANCIAL BURDEN. STAFF ARE ALSO RECOMMENDING A TAX INCREMENT FINANCING DISTRICT WHICH WILL FURTHER THE FEE BURDEN THAT THE RESIDENTS PAY SO THAT WOULD CAPTURE INCREASES TO PROPERTY TAX THAT RESULT FROM THIS PROJECT AND ALLOW FOR A DECREASE OF THE MONTH. THE ANNUAL ASSESSMENT AND I ALSO WANT TO CALL OUT THAT THE GENERAL OBLIGATION BONDING AND ENTER FUND LOAN WOULD HAVE A 20 YEAR TERM AT THE END OF THAT TERM THEY WOULD BE REPAID TO THE CITY AND THERE ALSO WOULD BE A REPAYMENT OF THE INTEREST EARNED ON THAT LENDING AND SO THAT INTEREST EARNING IS ESTIMATED TO BE ALMOST $1.5 MILLION AND SO ALL THAT TOGETHER COMES OUT TO A TOTAL LOAN AMOUNT OF NEARLY 4 MILLION AND THAT AMOUNT IS SPLIT AMONG THE UNITS THE STAFF ARE RECOMMENDING THAT THE ASSESSMENT BE DIVIDED BASED OFF OF THE ASSESSED VALUE OF EACH UNIT PLUS THE ASSESSED VALUE OF THE PARKING STALLS EACH UNIT OWNS AND THIS IS DIFFERENT THAN WHAT WAS REQUESTED BY THE APPLICANT. THE APPLICANT REQUESTED THAT THE BE SPLIT EVENLY ACROSS ALL 30 UNITS BUT WHAT STAFF FOUND IS THAT THIS COULD RESULT IN EXTREME FINANCIAL BURDEN FOR ONE BEDROOMS BUT NOT FOR TWO BEDROOMS WHEREAS THE RECOMMENDED METHOD ENSURES THAT THE EXTREME FINANCIAL BURDEN TRIGGER IS NOT EXCEEDED ANY UNIT AND THAT WHAT WE DEFINE AS EXTREME FINANCIAL BURDEN IN THE CITY'S POLICIES ON HRA IS IS THAT THE TOTAL COST OF THE ASSESSMENT IS EQUAL TWO TIMES THE ASSESSED VALUE OF THE UNIT.  SO WHEN UNITS ARE REPAYING THIS AMOUNT FOR THE FEE WE'RE ESTIMATING THAT THAT AMOUNT IS BETWEEN $400 AND $450 PER MONTH.  AND THEN JUST TO GO A LITTLE BIT DEEPER INTO WHERE THAT COST IS COMING FROM, YOU CAN SEE THE BREAKDOWN FROM EACH FUNDING SOURCE AS WELL AS THE REDUCTION FROM ESTABLISHING A TIFF DISTRICT.  AND WHAT THIS RESULTS IN IS THAT FEE BETWEEN 400 AND $550. BUT THIS ISN'T THE ONLY COST INCREASE THAT UTS WOULD FACE. SO THAT'S AN IMPORTANT POINT.  I SEEM TO HAVE LOST MY SLIDES . CAN YOU CLICK ON THE POWERPOINT AGAIN? THERE WE GO.  SO WE WANTED TO DRAW OUT WHAT THE OTHER COST INCREASES RESIDENTS WILL FACE, WHICH IS MAINLY INCREASES HRA DUES. SO ONE REQUIREMENT OF STATE STATUTE AS WELL AS THE CITY OF BLOOMINGTON'S HRA POLICY IS THAT THE APPLICANT MUST PREPARE FINANCIAL ANALYSIS ON THEIR RESERVES AND AND FINANCIAL PLANS FOR THEIR ASSOCIATION AND SO THE CITY HAS RECEIVED FINANCIAL PLANS PREPARED AN INDEPENDENT AN INDEPENDENT RESERVE PROVIDER THAT THE APPLICANT PROVIDED AND YOU CAN SEE THE RESULTS HERE WHICH DETAIL ESSENTIALLY A $30 INCREASE A $30 ANNUAL INCREASE TO MONTHLY HRA DUES EVERY YEAR FOR THE NEXT 30 YEARS. SO THIS IS PART OF THIS EQUATION WHEN WE'RE THINKING ABOUT WHAT IS A SUSTAINABLE FEE FOR RESIDENTS TO PAY AND WHAT THIS ENSURES WHAT THESE HRA DO INCREASES ENSURE IS THAT THE ASSOCIATION WILL BE IN A FINANCIALLY POSITION TO TAKE ON EXPECTED MAJOR PROJECTS SOME OF WHICH ARE INCLUDED ON THE RATE. THESE ARE SUBSTANTIAL PROJECTS STAFF IDENTIFIED IN THE FINANCIAL PLAN.  NEXT SLIDE PLEASE.  SO WE STARTED ANALYSIS ON THE AFFORDABILITY OF WHAT WHAT THESE COSTS WILL BE AND MADE SOME ASSUMPTIONS BASED OFF OF MORTGAGE PAYMENTS AND INSURANCE PAYMENTS FROM PUBLICLY AVAILABLE DATA AND DATA PROVIDED FROM THE APPLICANT AND WHAT WE FOUND WAS THAT ON AVERAGE THE TOTAL MONTHLY COST OF ALL HOUSING COSTS WHICH INCLUDES MORTGAGE PAYMENTS, PROPERTY TAX INSURANCE COSTS, HRA DUES AND THIS PROPOSED HRA FEE THAT THAT TOTAL AMOUNT WOULD BE BETWEEN 1300 DOLLARS AND $1,660 THAT FOR ANALYSIS FOR COMPARISON'S SAKE WHAT IS CONSIDERED AN AFFORDABLE HOUSING PAYMENT WHICH IS A HOUSING PAYMENT THAT'S 30% OF YOUR INCOME OR LESS SO AN AFFORDABLE HOUSING PAYMENT FOR A HOUSEHOLD EARNING 60% OF THE AREA. MEDIAN INCOME IS BETWEEN FOUR FOR 1400 DOLLARS FOR ONE BED AND ALMOST 1700 DOLLARS FOR A TWO BED. SO USING THIS FRAMEWORK OF ANALYSIS FOUND THAT THE PROPOSED HRA WOULD RESULT IN ON AFFORDABLE HOUSING COST FOR 80% OF UNITS.  AND THEN IF YOU GO DOWN TO THE 50% AMI BRACKET THIS PROPOSAL WOULD RESULT UNAFFORDABLE HOUSING COSTS FOR 23% OF UNITS . SO FOR THOSE UNITS THAT ARE NOT ABLE TO MAKE THAT HOUSING COST FOR UNITS THAT COSTS THAT ARE OVER 30% OF THEIR INCOME STAFF ARE RECOMMENDING THAT WE ESTABLISH A PROPOSED DIRECT INCOME BASED ASSISTANCE PROGRAM. SO THIS WOULD BE ON A PER UNIT BASIS ON AN APPLICANT BASIS. SO IF A HOUSEHOLD COMES TO CITY THEY COULD ACQUIRE OR THEY COULD REQUEST THIS FUNDING AND IT WOULD BE POTENTIALLY FUNDED THE LOCAL AFFORDABLE HOUSING AID WHICH THE CITY HAS STARTED TO RECEIVE. I GAVE A HANDOUT TO EACH OF YOU THAT HAS ADDITIONAL INFO AND WE'LL GET INTO LARGER AS IT'S CALLED ON THE NEXT SLIDE BUT THAT'S THE POTENTIAL FUNDING SOURCE SO WHAT WE'VE PROPOSED IS THAT THERE WOULD BE A POOL OF FUNDING OF AROUND HALF A MILLION DOLLARS THAT APPLICANTS COULD COME FORWARD. THEY WOULD HAVE TO DEMONSTRATE THAT THE HOUSING COSTS FROM THE HRA ARE IN EXCESS OF 30% OF THEIR ANNUAL INCOME AND THERE COULD THE PROGRAM THEN COULD PROVIDE A GAP FINANCING TO MAKE THOSE HOUSING COSTS AFFORDABLE AND WOULD BE AN INCOME REQUIREMENT IF THE FUNDING SOURCE IS LARGER THERE IS A AN ANNUAL INCOME REQUIREMENT AND WE'LL GET INTO THAT ON THE NEXT SLIDE HERE. SO WHAT IS LARGER?  THIS IS THE PROPOSED FUNDING SOURCE FOR THAT HOUSING GAP FINANCING.  THIS IS A FUNDING SOURCE THAT IS PROVIDED FROM THE METRO SALES TAX WHICH WAS PASSED IN 2023. IT'S A QUARTER PERCENT TAX THAT'S COLLECTED IN THE SEVEN COUNTY METRO AND EACH YEAR THEIR PAYMENTS ARE DISBURSEMENT FROM THAT REVENUE SENT TO CITIES AND MUNICIPALITIES. BLOOMINGTON IS ONE OF THOSE CITIES THAT RECEIVES THIS FUNDING.  WE WILL RECEIVE OVER HALF A MILLION THIS YEAR. WE'VE RECEIVED HALF OF THAT FUNDING WILL RECEIVE THE SECOND HALF IN THE SUMMER SO THAT WE'LL HAVE THAT TOTAL OF 560,000 BY DECEMBER AND NEXT.  THE STATE ESTIMATES THAT WILL RECEIVE AROUND 2 MILLION AND THEN GOING FORWARD EACH YEAR AROUND A MILLION AND PROJECTS FUNDED WITH LARGER DO HAVE INCOME BASED RESTRICTIONS. SO FOR RENTAL ASSISTANCE PROGRAMS HOUSEHOLDS MUST EARN 80% OR ARE BELOW OF THEIR MEDIAN INCOME FOR HOMEOWNERSHIP PROGRAM PROJECTS WHICH THE THE HEIGHTS HRA WOULD BE CONSIDERED A HOMEOWNERSHIP PROJECT HOUSEHOLDS HAVE TO 115% OF THEIR IMMEDIATE INCOME OR BELOW LARGER HAVE SPECIFIC CALL OUTS FOR PRIORITY PROJECTS AND FOR HOMEOWNERSHIP THE PRIORITY PROJECTS ARE THOSE TARGET 80% AMI HOUSEHOLDS.  SO TO SUMMARIZE THE REQUEST TONIGHT IS FOR FINANCING OF A $2.5 MILLION PROJECT WHICH IS TO REMEDIATE REMEDIATE ISSUES THAT ARE IN VIOLATION OF BUILDING CODE . IT WOULD FINANCED THROUGH A 20 YEAR LOAN OF APPROXIMATELY $4 MILLION IF YOU ACCOUNT FOR THE INTEREST AND ON A PER UNIT BASIS IT'S EXPECTED TO BE BETWEEN 400 AND $550 AND THAT WILL DEPEND ON AGAIN THE THE ASSESSED VALUE OF THE UNIT PLUS THE ASSESSED VALUE THE PARKING STALLS THAT THAT UNIT OWNS.  WE DID WANT TO PROVIDE THESE ALTERNATIVE OPTIONS IN TERMS OF WE'VE PROVIDED EACH OPTION THAT HAVE BEEN MENTIONED THE INITIAL THE FIRST OPTION IS TO APPROVE THE PROPOSED HRA FINANCING PACKAGE WHICH INCLUDES BONDING AND AN INTERIM LOAN AND ESTABLISH A NEW TIF DISTRICT. THE SECOND OPTION WHICH IS THE STAFF RECOMMENDED OPTION IS TO PROVIDE THE FINANCING PACKAGE, ESTABLISH A NEW TIFF DISTRICT AND OFFER THAT HALF A MILLION DOLLARS IN INCOME BASED ASSISTANCE PROGRAM FOR IT TO FOR APPLICANTS THAT COME FORWARD AND WHO ARE ELIGIBLE.  THERE ARE ALSO IF THE HRA BOARD MAKES A MOTION TO DENY STAFF WOULD BE SEEKING ON WHAT WHAT OPTION TO PURSUE AND THOSE OPTIONS ARE LAID OUT THERE IN FRONT OF YOU AND WE CAN DISCUSS THOSE MORE IN TERMS OF NEXT STEPS IF THE HRA RECOMMENDS THE RECOMMENDATION WILL GO TO THE CITY COUNCIL FOR A PUBLIC HEARING AND THAT WE'RE TARGETING NOVEMBER 18TH FOR THAT PUBLIC HEARING IF THE CITY COUNCIL THE HRA REQUEST THERE'S A 45 DAY VETO PERIOD WHICH IS REQUIRED BY THE STATE STATUTE AND THAT PERIOD IF 45% OF ASSOCIATION OF OF UNIT OWNERS OBJECT TO THE THEN THAT RESOLUTION DOES NOT BECOME EFFECTIVE AT THE END OF THE VETO PERIOD IF THERE IS NOT AN OBJECTION THEN THE RESOLUTION BECOMES EFFECTIVE AND AT THAT POINT WOULD TAKE ALL THE ASSOCIATED ACTIONS RELATED TO IMPLEMENT THAT THAT RESOLUTION AN ORDINANCE THAT CITY COUNCIL WOULD PASS. AND SO WITH THESE STEPS IN FRONT OF YOU THE MOST OPTIMISTIC TIMELINE FOR FUNDING BECOMING AVAILABLE FOR THE PROJECT TO BEGIN WOULD BE POTENTIALLY FEBRUARY AND MARCH . AND SO FINALLY THE RECOMMENDED MOTION IS IN FRONT OF YOU AND THAT CONCLUDES THE PRESENTATION .  THERE ARE QUESTIONS CAN I SHARE THE FIRST QUESTION IS THERE ANY WAY TO FAST TRACK OR IS IT FEBRUARY? MARCH IS KIND OF THE MOST CHART COMMISSIONER WOULDN'T THE TIMELINE IN FRONT OF YOU IS RELIANT ON PUBLIC PERIOD NO NOTIFICATION TIMELINES AS WELL AS THAT 45 DAY VETO PERIOD IS NON-NEGOTIABLE.  THERE'S ALSO A STATE STATUTE THAT THE BONDING ISSUANCE CAN'T OCCUR UNTIL THE RESOLUTION BECOMES EFFECTIVE SO.  THIS IS ALL TO SAY THAT THIS IS A THIS IS AN OPTIMISTIC TIMELINE WAS YEAH, THAT'S FINE. I APOLOGIZE NORMALLY WE DO DO QUESTIONS FIRST AND THEN OPEN AND THAT'S HOW WE'VE HANDLED THE INJURY BUT WITH THE AMOUNT OF PEOPLE WE WILL TABLE OUR QUESTIONS FOR NOW AND HAVE THOSE AT THE END AFTER COMMENT IF THAT IS DO I NEED TO MAKE A MOTION TO OPEN THAT THE PUBLIC NO.  OKAY. IF THERE IS ANYBODY HERE WANTING TO SPEAK ON THIS ITEM I ASK THAT YOU PLEASE COME FORWARD AND SIGN YOUR NAME OR FILL OUT YOUR NAME ON THAT SHEET OF PAPER AND NOTE THAT YOU WILL HAVE 3 MINUTES TO SPEAK.  GOOD EVENING. GOOD EVENING. JUST MY NAME YES. YES.  CUOMO CHAIR COMMISSIONERS MY NAME IS TOM LASALLE 11 8137 XERXES WE ARE THE NEIGHBORS.  WE HAVE A NUMBER OF NEIGHBORS HERE I AM THE PRESIDENT OF THE HOMEOWNERS AND HOPEFULLY I'LL SAVE YOU THE TIME OF EVERYONE SPEAKING AS WE HAVE SIMPLY WE WANT TO ENCOURAGE YOU TO SUPPORT THIS.  IT'S AS YOU CAN SEE FROM THE DAY IT'S BEEN WAY TOO LONG.  I KNOW IT'S NOT YOUR PURVIEW SO THERE'S NO POINT IN TALKING ABOUT THE PROBLEMS WE HAVE WITH PARKING SNOW REMOVAL TRASH THAT WE'RE GOING TO HAVE TO DEAL WITH.  THAT'S A CITY COUNCIL. SO I ENCOURAGE YOU TO VOTE FOR THIS. I YOUR IDEA OF EXPEDITING IT I DON'T THINK THERE'S ANY WAY TO EITHER.  I THINK IT'S A VERY CREATIVE SOLUTION. WE RECOGNIZE THE PROBLEM. LET'S GET IT FIXED. SO THANK YOU. THANK YOU.  I'M BRAD JANZEN. I'M A OWNER AT OF HEIGHTS I'M A NON RESIDENT OWNER.  I DON'T LIVE THERE LIVE THERE FOR THREE YEARS FOR 30 PLUS YEARS I'VE RENTED IT OUT.  I FIND IT INTERESTING TO SEE THE FIRST TWO REJECTIONS WERE BASED ON IT WAS TWO TOO EXPENSIVE FOR THE HOMEOWNERS. WELL THE HECK WAS THE PETITION SIGNED WE HAD NUMBER OF PEOPLE THAT SIGNED A PETITION TO GET IT SO WE HAVE SOMEBODY UP HERE TELLING US WE CAN'T AFFORD IT . IT MAKES NO SENSE YOU'RE GOING TO HAVE A PROBLEM.  EITHER YOU DO IT OR THE PROBLEM IS KICK THE CAN DOWN THE ROAD AND THEN I DON'T KNOW WHAT'S GOING TO HAPPEN NOW I A FIGURE FOR THE FIRST TIME TODAY 5.3 MILLION. WHAT WAS THAT ABOUT? I DON'T KNOW. YOU WRITE THAT BY I THINK IT'S OVER 170,000 PER UNIT WHAT MAKES NO SENSE BUT FOR WHATEVER PLEASE DO IT DO IT QUICKLY IT IS LOW COST RENT IT'S BEEN THERE FOREVER. I I KNOW THEY DON'T CAUSE ANY TROUBLE IN THE COMMUNITY. THE POLICE AREN'T THERE DAILY SO LET'S LET'S BITE THE BULLET AND DO IT.  THIS IS REALLY A NOTHING IN MY OPINION AND NOTHING IT'S A LOT OF MONEY. YES, BUT STILL IT'S A NOTHING FOR THE COMMUNITY.  THANK YOU. DO YOU MIND?  THANK YOU.  YEAH, I'M IN UNIT G TWO. OH, THANK YOU .  GOOD EVENING. MY NAME IS DOUG STRAIN. THIS I HAVE BEEN WORKING WITH ASSOCIATION SINCE THE BEGINNING OF 2017.  I HAVE BEEN WORKING ON HRA PROJECTS 29 YEARS.  THINGS HAVE NOW REACHED A CRITICAL JUNCTURE.  IT'S NOT JUST THAT THE PARKING STRUCTURE IS IN POOR CONDITION. IT'S NOW REACHED A POINT WHERE THE VERY LARGE STEEL I-BEAM THAT SUPPORTS THE WEST SIDE OF THE BUILDING IS NOW BEING COMPROMISED. IT IS STARTED AND DETERIORATING.  THE PARKING IN THE PARKING GARAGE GOES HALFWAY UNDER THE BUILDING AND SO THAT I-BEAM IS CRITICAL TO HOLDING UP THE WEST SIDE OF THE BUILDING THAT IS MY COMMENT. THANK YOU. THANK YOU.  MM HMM.  IS THERE ANYONE ELSE IN CHAMBERS THAT WOULD LIKE TO SPEAK ON THIS ITEM WE OPEN IT UP TO THE PHONE AS WELL AND WEBEX THEN THE LOW WE WILL BE DOING ONLINE AFTER THE CHAMBERS TENANT OR VISITORS HAVE SPOKEN.  MY NAME IS PATRICIA STALL. I OWN ONE BUT I'M NOT I DON'T LIVE THERE. I RENTED OUT I LIVE THERE FOR SEVEN YEARS AND BECAUSE MY FAMILY AND MY JOB WILL BE ELSEWHERE I DECIDED TO KEEP IT AS AN INVESTMENT. BUT AT THE TIME I RETIRED I THOUGHT I SHOULD MAYBE SELL THIS AND THEN ALL THIS STUFF STARTED AND I CAN'T SELL IT. I HAVE NO WAY OF GETTING RID OF THANK YOU.  IS THERE ANYONE ELSE IN CHAMBERS THAT LIKE TO SPEAK ON THIS ?  MY BROTHER IN LAW DAN I'M RUSS NELSON. MY BROTHER DAN LIVES IN THE HEIGHTS. HE SAID HE'S BEEN THERE 24 YEARS. I INVITED HIM TO COME TO GIVE A FIRSTHAND ACCOUNT HE WAS ON THE PORCH OF THE HOUSE AND SAID I'M TOO NERVOUS. I CAN'T DO THAT. BUT HE IS LOOKING FORWARD TO THIS BEING DONE SO WHEN HE PARKS HIS CAR IN A HANDICAPPED AREA AND HE STRUGGLES WITH HIS WALKER GET TO THE FRONT DOOR HE CAN ACTUALLY DO IT BECAUSE NOW HE'S GOING TO TRY TO GET UP A COUPLE OF STEPS AND THEN ENTER THE BUILDING AND I WAS WITH HIM AT A DOCTOR'S APPOINTMENT ABOUT TWO WEEKS AGO. HE COULD GO ABOUT 15 FEET AND HAD TO REST 15 MORE FEET HAD TO REST. SO THIS CAN'T QUICKLY ENOUGH FOR DAN HE JUST LIKES BEING THERE, LIKES THE PEOPLE THERE. SO THANK YOU FOR WHAT YOU'RE DOING AND WE LOOK FORWARD A POSITIVE OUTCOME.  THANK YOU.  THIS IS A FINAL CALL AND CHAMBERS IF THERE'S WHO WOULD LIKE TO SPEAK ON THIS ITEM SEEING NO ONE COME FORWARD WE'LL OPEN UP OPEN IT TO OUR WEBEX AND IF YOU COULD PLEASE WRITE YOUR NAME IN THE CHAT IF YOU'D LIKE TO SPEAK OR CAN USE THE RAISE YOUR HAND BUTTON BUT STILL PLEASE PUT YOUR NAME IN THE CHAT SO WE KNOW WHO TO SPEAKING WITH .  THIS IS JENNIFER COATS. I'M NOT SEEING THE CHAT IS BUT I WILL PUT MY NAME IN THERE AS SOON AS I'M FINISHED. I AM THE CHAIR OF THE HIDES. I AM A NONRESIDENT OWNER.  I OWN TWO UNITS IN THE BUILDING WHICH I RENT OUT.  ONE OF THE THINGS THAT I THINK IS VERY SPECIAL ABOUT THE HEIGHTS IS THAT IT REALLY DOES PROVIDE COMMUNITY OF AFFORDABLE HOUSING IN . BLOOMINGTON I SAY THAT AS A LANDLORD BECAUSE I WENT TO PURCHASE THE HEIGHTS I WAS TOLD THE REASON WAS ABLE TO PURCHASE FOR THE PRICE I WAS WAS THAT PEOPLE COULD NOT GET LOANS FROM TRADITIONAL SOURCES BECAUSE OF THE GARAGE ISSUES AND I FEEL COMPELLED TO SAY THAT IT SHOULD BE A PLACE FOR AFFORDABLE HOUSING AND THE GARAGE NEEDS TO BE RECTIFIED SO THAT PEOPLE ARE ABLE TO SELL THEIR UNITS TO PEOPLE WHO CAN AND WILL BE POSITIVE.  NEIGHBORS AND COMMUNITY MEMBERS IN BLOOMINGTON I'VE COME ON TO THIS JUST THIS YEAR AND I'M VERY GRATEFUL TO FOR KEVIN FOR MOVING THIS FORWARD AND THE CITY IN BLOOMINGTON. BUT WE REALLY DESPERATELY NEED APPROVAL SO THAT WE CAN MOVE FORWARD AND PUT THIS BUILDING BACK TO RIGHTS FOR THE PEOPLE THAT LIVE THERE.  THANK YOU .  OKAY. YEAH, THIS IS I MEAN I DECIDED IN UNIT ONE OR SIX MY TWO BOYS OWNED IT AND IT'S BEEN A VERY CONVENIENT FOR ME FOR THE LAST 14 YEARS AND I'VE SEEN THE DECLINE IN LOT 78 YEARS. I THINK SO GOOD FOR THE COMMUNITY AND GOOD FOR THE PEOPLE THAT IF THIS THING IS FIXED RATHER THAN THE CURRENT DEBT. SO THAT'S ALL I HAVE TO SAY. THANK YOU SIR.  THERE'S NO MORE ONLINE.  OKAY. THIS WILL BE THE FINAL CALL IF ANYONE ON WEBEX WOULD LIKE TO SPEAK, TYPE YOUR NAME IN THE CHAT.  OKAY.  SEEING NO ONE DO THAT WE WILL NOW MOVE ON TO OUR QUESTIONS AND DISCUSSION.  SO ANY QUESTION ONES FOR STEPH GO AHEAD. IF YOU HAD OKAY WHY COMMISSIONER AND SO MY QUESTION IS ABOUT THE PROCESS OF GETTING TO THIS IN MY CLARIFICATION NEEDED FOR ME AT LEAST IS AND IT'S AN AJ LOAN WHICH WE'RE CAPABLE OF MAKING. WE'RE ACTUALLY GOING TO DOING THE BONDING WHY BY THE PROCESS GOING TO THE CITY COUNCIL I'M ASKING THANK YOU CHAIR COMMISSIONERS MY UNDERSTANDING IS WELL THE WAY THAT OUR POLICY IS STRUCTURED IS THAT THE HRA, THE RECOMMENDING BODY AND THE CITY COUNCIL IS THE FINAL APPROVER FOR HRA REQUESTS SIMILARLY TO HOW TO TAX INCREMENT FINANCING DISTRICTS FUNCTION IN TERMS OF BOND ISSUANCE MY UNDERSTANDING IS THAT STRICTLY COUNCIL APPROVAL AGAIN SO IN TERMS OF SPECIFIC THAT THE HRA HAVE WITH REGARDS TO HRA IS THE OPPORTUNITY TO RECOMMEND AS WELL AS THE STAFF RECOMMENDATION TO USE THE ENTER FUND LOAN THAT INNER FUND LOAN IS FUNDING SO THAT THAT'S PART OF IT'S NOT THE 1 MILLION IN BONDING WOULD BE A CITY COUNCIL APPROVAL THE 1.5 MILLION IN THE INNER FUND LOAN WHICH ALLOWS TO BRING DOWN THAT INTEREST RATE AND THEREFORE THE FEE THAT'S A HRA FUND SPECIFICALLY.  SO JUST FOR MY OWN UNDERSTANDING AND I JUST NEED TO UNDERSTAND BETTER THE REASON WE'RE GOING TO COUNCIL IS BECAUSE WE HAVE A BOND IS A PART OF THE PROCESS AND MEASURES THE REASON WE'RE GOING TO COUNCIL IS THAT OUR HRA POLICY MANDATES THAT THE COUNCIL IS THE FINAL APPROVER FOR AN HQ. SO IF YOU THE HRA BOARD CHOOSES TO APPROVE THEN THAT RECOMMENDATION IS BROUGHT TO THE CITY COUNCIL. IF THE HRA BOARD CHOOSES TO DENY OR IF IT A TIED VOTE THEN THE APPLICANT CAN APPEAL THE COUNCIL FOR A FINAL RESOLUTION . PART OF THE REASON THAT THE HRA MUST OCCUR AT THE COUNCIL LEVEL IS THAT A ORDINANCE HAS BE ESTABLISHED WITHIN THE CITY'S CODE OF ORDINANCE TO OUTLINE THE GEOGRAPHIC AREA OF THAT HRA SO FROM THAT PERSPECTIVE THAT'S A CITY COUNCIL  AND THE SAME QUESTION SO THANK YOU.  AND JUST THE OTHER ITEM I DIDN'T MENTION WAS THE LOCAL AFFORDABLE HOUSING AID. THE LARGER FUND IS A CITY FUND SO THAT AGAIN WOULD BE A RECOMMENDATION FROM THE HRA WOULD BE UTILIZATION OF THAT FUND.  COMMISSIONER CARTER, THANK CHAIR.  SO I HAVE SEVERAL QUESTIONS AND I HAVEN'T AS INVOLVED IN THIS I HAVEN'T BEEN INVOLVED IN THIS ISSUE OVER THE YEARS. I JUST JOINED THE HRC THE BEGINNING OF THIS YEAR I THINK AND SO JUST HAVE SOME I HAVE SOME QUESTIONS I DO 100% EMPATHIZE WITH RESIDENTS AND IT IS OBVIOUS THAT THIS PARKING STRUCTURE NEEDS TO BE FIXED AND IF IT WERE THE LAST RESORT THEN I AM SUPPORTIVE I JUST HAVE QUESTIONS AND SO I GUESS MY FIRST IS I USED TO OWN A TOWNHOME AND WE HAD AN ARCHWAY AND WE HAD TO PAY OUR DUES EVERY MONTH AND THE EXPECTATION WAS THAT MONEY WAS SET ASIDE FOR FUTURE CURRENT AND FUTURE MAINTENANCE. AND SO I GUESS I'M JUST CURIOUS LIKE HOW DID IT GET THIS POINT LIKE HOW DID GOING BACK TO 2017 LIKE HOW DID THE WAY NOT SET ENOUGH MONEY TO PLAN FOR THESE TYPES OF ISSUES OR WAS IT THAT THEY DID AND THEN THEY JUST BUT THE COSTS WERE SO WE'RE KIND OF INSURMOUNTABLE I GUESS I'M JUST CURIOUS TO KNOW THAT HISTORY BECAUSE THESE ARE THE TYPES OF QUESTIONS AT LEAST FROM THE CITY COUNCIL WE WILL GET THESE QUESTIONS IF PEOPLE IN THE COMMUNITY ARE HEARING ABOUT THIS, THEY'RE GOING TO ASK US WHY THIS PROPERTY AND NOT ANOTHER PROPERTY. AND SO CAN YOU JUST PROVIDE A LITTLE BIT OF THAT BACKGROUND ? AND COMMISSIONERS, WHAT I CAN SAY IS THAT THIS IS AN ISSUE EXCLUSIVE TO THE HEIGHTS THAT IT'S SOMETHING THAT IS ACTUALLY AN ISSUE IDENTIFIED AT THE STATE LEVEL THAT MANAGEMENT OF HRA FUNDS OVER LONG TERM AND IDENTIFYING THESE SUBSTANTIAL PROJECTS IT'S NOT ALWAYS DONE IN A RESPONSIBLE MANNER AND IT RESULTS IN SITUATIONS LIKE THIS AND IT'S NOT IT ISN'T NECESSARILY ANY ONE ORGANIZATION'S FAULT OR ENTITY'S FAULT. ONE THING I WANTED TO MENTION WAS THAT THE MANAGEMENT COMPANY THAT WAS OUT WITH THE HEIGHTS ON THEIR INITIAL REQUEST IS DIFFERENT THAN ONE THAT'S IN PLACE NOW AND THAT COULD HAVE ALSO BEEN THE CASE HISTORICALLY SINCE THE HEIGHTS HAS EXISTED SINCE THE 1980S WHEN IT WAS INITIALLY BUILT. SO IN TERMS HOW WE GOT TO THIS POINT, I THINK IT'S A LOT OF THINGS AND I THINK THAT IN TERMS OF AVOIDING THOSE SITUATIONS THAT MAYBE IS SOMETHING THAT HAS TO COME AT THE STATE LEVEL. I DON'T KNOW IF WE WANT TO YEAH I CAN PROVIDE SOME BACKGROUND.  YES. IF YOU HAVE BACKGROUND INFORMATION THAT WOULD BE APPRECIATED  IN 2010 THE ASSOCIATION SPECIAL ASSIST THE HOMEOWNERS FOR ALMOST $400,000 FOR MAJOR STRUCTURAL WORK ON THE PARKING STRUCTURE AND THEY WERE ASSURED THAT TIME THAT THAT WOULD PUT THE PARKING STRUCTURE IN REALLY GOOD SHAPE FOR AT LEAST 20 IF NOT 25 OR 30 YEARS. WELL BY 2016 IT BECAME APPARENT THAT THAT WASN'T THE CASE AND THAT THE PROBLEMS WITH THE PARKING STRUCTURE WERE MUCH, MUCH, MUCH WORSE THAN HAD BEEN THOUGHT AND THE AMOUNT OF MONEY THAT AT THAT POINT WAS NEEDED TO CORRECT THE THE PROBLEMS WAS WAY MORE THAN THEY COULD SPECIAL ASSESS OR BORROW SO THANK YOU COULD YOU SIR WOULD YOU MIND COMING BACK AND JUST STATING YOUR NAME FOR THE RECORD JUST LET ME KNOW WHO I APOLOGIZE. THANK YOU. I AM DOUG STRANGENESS. THANK YOU, DOUG. APPRECIATE THAT.  THAT IS SUPER HELPFUL AND I THINK A KIND OF AN IMPORTANT PIECE OF THE HISTORY FROM MY PERSPECTIVE. AND SO THEN AS RELATES I CAN'T YOU KNOW WE HAVE A LOT OF TOOLS IN THE TOOLBOX AS IT RELATES TO HOUSING AND SO MAYBE HOUSING IMPROVEMENT AREAS HAVE COME UP BEFORE I'M JUST FORGETTING BUT HOW COMMON ARE THESE HIPAA REQUESTS BECAUSE LIKE YOU JUST SAID, THIS ISN'T SOMETHING THAT IS SOLELY AN ISSUE THAT THE HEIGHTS IS DEALING WITH.  WE HAVE A LOT OF OTHER TOWNHOME ASSOCIATIONS IN BLOOMINGTON AND SO ARE THESE FREQUENT REQUESTS WE GET LIKE HOW DO WE MAKE THESE DECISIONS IN A FAIR WAY? LIKE HOW MANY RESOURCES DO WE HAVE? I GUESS I'M JUST KIND OF THINKING A LITTLE BIT BIGGER PICTURE AND COMMISSIONERS SO THERE IS COUPLE OF QUESTIONS OR ONE I ADDRESS IN TERMS OF THE CITIES REQUESTS THAT WE'VE RECEIVED ON ARRAYS. SO OUR INITIAL POLICY WAS PUT INTO PLACE IN 2014 AND WE'VE ONLY WE'VE ONLY ESTABLISHED SINCE THEN WHICH WAS SUTTON PLACE TWO IN 2017 WE'VE RECEIVED OTHER REQUESTS I BELIEVE THOSE WERE DENIED OR THEY WEREN'T THE APPLICANT DIDN'T MOVE THEM THROUGH THE ENTIRE PROCESS. SO WE'VE ESTABLISHED ONE I WHAT I UNDERSTAND FROM RESEARCHING THIS IS THAT OTHER CITIES HAVE MORE IT'S COMMON IN OTHER CITIES TO ESTABLISH SUCH AS SPECIFICALLY MINNEAPOLIS.  IT'S IT'S FAIRLY COMMON AND THAT GETS TO THAT ISSUE THAT YOU OF THIS IS A PROBLEM EXCLUSIVE TO THE HEIGHTS IN TERMS OF FUNDING IN THE TOOLBOX THE REASONND THE REASONABLENESS OF THE REQUEST I WANTED TO MENTION BONDING AS A MECHANISM ALLOWS US TO ACCESS TO A SUBSTANTIAL A SUBSTANTIAL POOL OF FUNDING AND SO IN TERMS OF THIS TAKING AWAY FROM A SUBSEQUENT SUBSEQUENT REQUEST, I THINK BECAUSE BONDING EXISTS AS A TOOL THAT THAT ISN'T NECESSARILY THE CASE NOW WITH THE RECOMMENDATION OF THE LOAN AND LARGER THOSE ARE THOSE ARE SCARCE RESOURCES. YEAH. OKAY THAT LEADS TO MY NEXT QUESTION SO I ACTUALLY I HAVE THREE MORE I THINK AND THEN I'LL BE DONE SO YOU SAID THAT YOU WILL BE I GET THE LANGUAGE WRONG BUT YOU SAID THAT INSTEAD OF DOING KIND OF THE EQUAL OR EQUAL ASSESSMENT ACROSS UNITS YOU'RE DOING IT BASED ON THE ASSESSED AND SO WILL ONE BEDROOMS BE WILL IT BE EQUAL ACROSS ALL ONE BEDROOMS IN EQUAL ACROSS ALL TWO BEDROOMS OR WILL THEY EVEN AMONG THE TWO BEDROOMS WOULD THEY BE ASSESSED AT DIFFERENT VALUES JUST BASED LIKE UPKEEP IN I DON'T EVEN KNOW REDONE KITCHENS OR SOMETHING LIKE THAT AND COMMISSIONERS IT DOES VARY EVEN AMONG ONE BEDS IN TWO BEDS SOME OF THE VARIANCE DUE TO UNITS IN THE HEIGHTS ACTUALLY OWN THEIR STALL AND SOME UNITS OWN TWO STALLS SOME ONLY ONE SOMEONE TWO. SO THAT'S ONE OF THE VARIANCE. THE OTHER VARIANCE WOULD BE CHANGES IN THE ASSESSED VALUE THE CITY DID WORK WITH THE APPLICANT TO DECREASE THEIR ASSESSED TAX VALUES SO MOST OF THEM ARE THE SAME BUT THERE ARE VERY VERY SLIGHT DEVIATIONS AMONG THE ONE BEDS AND EACH OTHER AND THE TWO BEDS IN EACH OTHER BUT IT'S A VERY SMALL CHANGE VERSUS.  IT'S A SLIGHT A SMALL DIFFERENCE. I DON'T HAVE AS MUCH CONCERN THAT THEN OKAY NOW WHEN I LOOKED AT THAT CHART YOU PROVIDED THAT TABLE THAT SHOWED FEES INCREASING OVER THE YEARS LIKE BY 30 OR $35 A YEAR WHEN YOU GET 10 TO 15 YEARS OUT AND IT'S A PRETTY SUBSTANTIAL AND I GUESS I'M JUST CURIOUS YOU KNOW WHAT HAPPENS IF PEOPLE DO SELL THEIR UNITS BUT ARE THEY WANT TO SELL UNITS BUT THEY JUST CAN'T SELL THEM AT THE VET LIKE THEY CAN'T THEY'RE STILL IN A SIMILAR POSITION WHERE THEY CAN'T SELL BECAUSE THE FHA FEES ARE TOO HIGH AND PEOPLE CAN'T AFFORD TO LIVE THERE CHANGE COMMISSIONERS SO THE WAY TO DO IT SCHEDULED INCREASES THAT'S ANOTHER ISSUE THAT THINK ISN'T EXCLUSIVE TO THE HYATT'S I THINK THAT WOULD BE SOMETHING YOU COULD SEE IN HOUSING ASSOCIATIONS ACROSS THE TWIN CITIES IS IN TERMS OF HAVING RESPONSIBLE FINANCING AN INCREASE YEAR OVER YEAR IN PERPETUITY. I MYSELF LIVE IN A CONDO AND WE HAVE INCREASED OUR DUES YEAR OVER YEAR LATELY AND JUST KEEP GOING UP AND THAT'S KIND OF MY UNDERSTANDING OF THIS OF THIS PART OF THE HOUSING INVENTORY, IS THIS AN EXPECTED COST? OKAY.  SO THEY WOULDN'T THE HEIGHTS WOULDN'T BE ALONE IN HAVING HIGHER DUTIES BUT THEIR RISK THEN THEY WOULDN'T BE TO PAY BACK THE LOAN CHAIR AND COMMISSIONERS THE RISK OF THE LOAN NOT BEING REPAID WOULD COME FROM RESIDENTS NOT HAVING ENOUGH INCOME TO COVER THE FEE OR IT WOULD COME FROM THEM ATTEMPTING TO SELL THEIR AND THE PROCEEDS OF THE HOME SALE NOT BEING ENOUGH TO COVER THE THEIR MORTGAGE, THEIR PRIMARY LENDING AND THEN THE FHA THE CITY LENDING IF THAT WERE THE CASE THE HIGHER THE FHA ASSESSMENT REMAIN ON THE PROPERTY AND THAT WOULD BE A CHOICE THAT THE HOMEOWNER WOULD MAKE IF THEY WERE ATTEMPTING TO SELL AND THAT'S BECAUSE THAT ASSESSMENT COMES THROUGH PROPERTY TAXES. SO IT'S A SPECIALIST ASSESSMENT IT WOULD REMAIN WITH THE PROPERTY AND SO THE NEW BUYER WOULD ASSUME THAT OC LAST  IT'S A COMMENT I GUESS I HAVE A LITTLE BIT OF CONCERN ABOUT THE OF LA JUST BECAUSE THIS IS NEW FUNDING COMING INTO THE CITY AND THE HRA AND THE COUNCIL NOT HAD A STRATEGIC POLICY DISCUSSION ABOUT THE USE OF THOSE FUNDS AND HOW WE WANT TO USE THOSE FUNDS OVER TIME AND SO I'M NOT OPPOSED TO IT I JUST IT WOULD FEEL BETTER TO ME BEFORE WE WOULD SET UP THAT KIND OF PROGRAM TO HAVE SOME OF THOSE NO MORE POLICY DISCUSSIONS OR ON HOW WE WANT TO USE THOSE RESOURCES WITHIN THE CONSTRAINTS THAT ARE ALREADY SET IN PLACE.  I MEAN I THINK THAT THERE ARE PROBABLY A VARIETY OF WAYS THAT WE COULD USE THEM.  SO JUST MAKING SURE THAT WE ARE DOING THAT ANALYSIS AND MAKING THOSE DECISIONS COLLECTIVELY AND SO IS CAN WE COULD THIS BE APPROVED WITHOUT THE LARGER PIECE THOUGH IF WE CAN JUST KIND OF DELAY THAT CONVERSATION UNTIL THE BALL OF GETS ROLLING IN ? COMMISSIONERS, I WAS JUST WANTING TO JUMP IN TO TALK ABOUT THIS AND I WANT TO JUST ACKNOWLEDGE THAT THE TIMING ISN'T EXACTLY HOW WE WOULD WANT BECAUSE I THINK WE WOULD ALL PREFER THE BROADER, LARGER CONVERSATION.  FIRST I WILL SAY WE HAVE HAD A LOT OF STAFF CHANGE IN THE LAST SIX MONTHS RELATED TO FOLKS THAT ARE MAKING YOU KNOW, WOULD BE MAKING RECOMMENDATIONS WITH REGARD TO LA FOR LONG TERM AND SO I GUESS I WOULD ASK THAT WE WOULD HAVE A LITTLE BIT MORE TIME ON STAFF TO GET OUR ARMS AROUND THE WHOLE THAT WE HAVE HERE BETWEEN THE PORT AND THE JURY AND THE WORK THAT THE CITY COUNCIL WANTS TO DO TO MAKE LONG TERM RECOMMENDATIONS WITH LA SO WHAT LEADS US TO BE COMFORTABLE WITH STAFF RECOMMENDING ONE TIME USE OF THE INITIAL 500,000 AND LA TO RECOGNIZING THAT IT'S NOT A STATEMENT OF THE LONG TERM INTENT THE COUNCIL RELATED TO THIS FUNDING SOURCE AND YOU'LL BE GETTING $1,000,000 A YEAR IN FUTURE YEARS. SO THAT WAS THE THINKING JUST TO SHARE THE THE STAFF RECOMMENDATION I WILL SAY ONE OF THE BENEFITS OF THE CITY COMMITTING THESE INITIAL DOLLARS AND USING THEM EARLY ON IN A PROJECT THAT IS REALLY IN NEED AND FUNDING IS A KIND OF STATEMENT BACK TO THE STATE ABOUT THE NEED FOR THESE DOLLARS. SO THAT'S ANOTHER BENEFIT AND THE LA WOULD BE USED FOR THE FINANCIAL RIGHT THE DIRECT ASSISTANCE, YES. AND WITH THAT ARE WE COMMITTING TO THAT FOR LIKE ONE YEAR OR 20 YEARS BECAUSE THEN IT SEEMS LIKE IT'S A LOT MORE THAN JUST A WHAT LIKE A JUST LIKE IT ONLY GOES UP TO THAT SPECIFIC THEY WERE SAYING THE 500,000 OKAY IF THAT'S OVER WHATEVER AMOUNT OF TIME I'M SORRY I APOLOGIZE ON ASKING COMMISSIONERS. I THINK THAT SO THAT YES THAT'S ACCURATE.  WHAT WE'VE PROPOSED IS THAT THERE WOULD BE A CAP IN ASSISTANCE TO THE SPECIFIC PROJECT OF HALF A MILLION THE ACTUAL PER OWNER WOULD DEPEND ON HOW MANY ELIGIBLE APPLICANTS FORWARD AND IT WOULD DEPEND ON HOW MUCH OF A SUBSIDY THEY WOULD NEED TO MAKE THEIR HOUSING COST AFFORDABLE THE EXACT STRUCTURE HOW THAT SUBSIDY WOULD MAKE IT TO THE OWNER WE COULD THERE COULD STILL BE DISCUSSION ON THAT SO THAT COULD ENSURE LIKE PERHAPS THE FUNDING IS USED OR PROVIDED ON A ONE TIME BASIS RATHER THAN JUST ASSISTING MONTH BY MONTH.  OKAY. SO THERE COULD BE DISCUSSION ON THAT. SO WHAT I'M ALSO HEARING IS THAT RIGHT NOW WE'RE STILL STAFF AND THEN ALSO COUNCIL WILL NEED TO AND HRC WILL NEED TO OUR HAND OUR HEADS AROUND LA SO IN THE MEANTIME WE HAVE THIS 567,000 COMING IN AND THIS IS A PROPOSED USE FOR IT WHILE WE ALSO ARE PREPARING TO HAVE KIND OF THOSE MORE STRATEGIC CONVERSATIONS.  OKAY. ALL RIGHT. THANK YOU. I'M FINALLY DONE. THANK YOU.  COMMISSIONER MILLER, THE CHAIR JUST TO ADD TO THE LARGER CONVERSATION , DO WE HAVE AN ESTIMATED AMOUNT OF POSSIBLE RESIDENTS WHO WOULD BE COMING FORWARD TO SEEK LEGAL ASSISTANCE TRACK MEASURES? WE DO NOT HAVE THAT. I WOULD POINT TO THAT AFFORDABILITY ANALYSIS JUST SHOWING IF IF IF WE ASSUMED THAT HOUSEHOLDS AT HEIGHTS WERE EARNING 60% OF THE MEDIAN INCOME WHICH IS A ESTIMATE THAT AROUND 20% OF THEM WOULD POTENTIALLY NEED HOUSING ASSISTANCE.  I WOULD ALSO MENTION THAT AS YOU'VE HEARD TONIGHT SOME OF THESE UNITS ARE BEING RENTED. THOSE WOULD NOT BE ELIGIBLE FOR THIS THIS WOULD BE FINANCING OFFERED TO OWNER OCCUPIED HOUSEHOLDS WITH THE GOAL OF KEEPING THOSE OWNERS WITHIN THEIR HOME TO PREVENT DISPLACEMENT.  THANK YOU. OKAY. WHERE DO BEGIN?  QUESTIONS AROUND THE THE BUILDING ITSELF. ARE THERE ADDITIONAL SYSTEMIC ISSUES THAT WE'RE NOT AWARE OF OR THAT WE ANTICIPATE COULD POSSIBLY COME UP AND THAT WILL REQUIRE ADDITIONAL SUPPORT?  JUST GIVEN THE STATE STATE OF THE PARKING STRUCTURE AND THE FACT THAT THIS BUILDING WAS BUILT IN 1972, I AM CONCERNED THAT THERE'S GOING TO BE ADDITIONAL NEEDS THAT COME UP AND THEN WE'RE KIND OF IN THIS CONTINUOUS CYCLE WHERE WE ALWAYS HAVE TO COME BACK TO THE CITY FOR SUPPORT. DURING COMMISSIONERS I WILL SAY THAT THE RESERVE STUDY THAT WAS REQUIRED AS PART OF THIS APPLICATION IS EXTREMELY COMPREHENSIVE. I BELIEVE IT'S OVER 100 PAGES AND IT IDENTIFIES A LOT OF THE SYSTEMIC HOUSING MAINTENANCE ITEMS WILL BE NEEDED IN THE COMING YEARS. SO FROM THAT PERSPECTIVE I HAVE SOME CONFIDENCE THAT THE FINANCIAL PLAN THAT WAS PROPOSED BY THE RESERVE STUDY WOULD ADDRESS THOSE ITEMS. I DID WANT TO ADDRESS THE WHAT WE HEARD EARLIER ABOUT THE STRUCTURE, THE ACTUAL RESIDENTIAL COMPONENT OF THE BUILDING AND THAT IS TO REPORT THAT THE MOST RECENT ENGINEER INSPECTION REPORT WHICH SHOWED THE DETERIORATION OF THE PARKING STRUCTURE DID NOT CALL OUT DETERIORATION OF THE RESIDENTIAL COMPONENT OF THE BUILDING THAT'S WHAT THAT'S WHAT STAFF READ IN THAT ENGINEER REPORT.  SO IN ADDITION WE A CONVERSATION AROUND TIFF WHAT DID IT WHAT ADDITIONAL INFRASTRUCTURE WERE WE REINVESTING INTO THE TIFF WITH THE TIFF COMMISSION CHAIR AND COMMISSIONERS THIS WOULD BE A REDEVELOPMENT TIFF DISTRICT AND THE QUALIFIER FOR REDEVELOPMENT OF DISTRICT THAT A BUILDING PASS WHAT'S CALLED A BLIGHT ASSESSMENT AND WHAT IN TERMS OF COMMUNICATION WITH OUR MUNICIPAL ADVISOR THE FACT THAT THIS PARKING STRUCTURE HAS BEEN CLOSED DUE TO VIOLATION BUILDING ORDINANCE BUILDING CODE IS THAT THAT BE A SUBSTANTIAL TEST TO PASS THAT BLIGHT ASSESSMENT. SO IN TERMS OF THE INFRASTRUCTURE THAT'S BEING IMPROVED WITH A REDEVELOPMENT OF DISTRICT, IT'S THE PARKING STRUCTURE THAT'S BEING IMPROVED. THE OTHER ITEM THAT I THINK I FORGOT TO MENTION IN MY PRESENTATION THAT'S BEING ADDRESSED IS ACCESSIBILITY.  ANY ITEM ANY OF THESE WORK ITEMS THAT ARE ADDRESSED WITH OUR FINANCING HAVE TO HAVE HAVE TO MEET OUR ACCESSIBILITY . SO THAT WOULD BE ANOTHER BENEFIT OF THIS PROJECT.  THANK YOU.  WHAT WHAT OTHER CONTINGENCIES OR CHICKENS WE HAVE IN PLACE WITH THE FHA TO ENSURE THAT WE DON'T HAVE CONTINUING ISSUES GIVEN THE AMOUNT OF FUNDING THAT IS NEEDED FOR THIS PARTICULAR PROJECT.  THE FACT THAT WITH FUNDING THERE ARE SIGNIFICANT PUBLIC FUNDING THAT NEEDS GO INTO THIS. OKAY. I WANT TO MAKE SURE THE FHA IS FOLLOWING THROUGH WITH THE CONTINUED UPKEEP OF THE BUILDING.  SO DO WE HAVE ANYTHING BUILT THE LANGUAGE TO ENSURE THIS CHAIR AND COMMISSIONER I'M PAGING THROUGH HERE TO FIND IN OUR H.J. A POLICY. IF YOU GO TO PAGE 20 OF YOUR PACKET AND THEN LOOK AT POINT M IT IDENTIFIES SOME TERMS THAT ARE THAT THE ASSOCIATION MUST BE WILLING TO ENTER INTO FOR DEVELOPMENT AGREEMENT AND THAT WOULD BE THE PLACE WHERE YOU COULD THAT WHERE SOME OF THESE TERMS COULD COME IN THAT WOULD ALLOW FOR STAFF TO HAVE OVERSIGHT THIS MORE LONG TERM OPERATION. SO I WOULD SPECIFICALLY CALL OUT ANALYSIS OF ANNUAL FINANCIAL STATEMENTS AND OTHER REPORTS.  THAT'S SOMETHING THAT COULD BE REQUIRED IN A DEVELOPMENT AGREEMENT.  AND THEN THE ESTABLISHMENT OF THE RESERVE FUND WHICH WE SAW THE SLIDE EARLIER THAT WOULD ENSURE THAT LONG TERM FINANCIAL SUSTAINABILITY AND THEN KIND OF TO TO BUILD ON THAT I MEAN I'M LOSING MY TRAIN OF THOUGHT SO I'LL MOVE ON YOU'LL COME BACK. THERE WAS ONE RESIDENT WHO SPECIFICALLY SAID THEY DID NOT APPROVE OF THIS. CAN YOU PROVIDE KIND OF MORE OF THE CONTEXT IN THE BACKGROUND BEHIND THAT? TRAIN COMMISSIONERS SO CITY THE CITY CITY STAFF PREPARED IN COLLABORATION WITH THE APPLICANT THE PETITION THAT THE THAT THE OWNERS WOULD SIGN THE INITIAL APPLICATION THAT WAS RECEIVED. THERE WAS A PETITION PROVIDED BUT STAFF FELT THAT THE LANGUAGE OF THE PETITION DIDN'T FULLY CAPTURE WHAT THE COSTS WOULD BE ASSOCIATED WITH THIS PROJECT SPECIFICALLY THE INCREASED DUES.  SO STAFF WORKED TO DEVELOP A PETITION AND INCLUDED ON THAT PETITION WAS AN OPTION TO SIGN SAYING THAT THAT THAT SIGNER WAS OBJECTING OBJECTING TO THE REQUEST. AND SO WE RECEIVED ONE PETITION WITH THAT SIGNATURE. THERE WAS NO ADDITIONAL INFORMATION PROVIDED.  OKAY. AND THEN MY QUESTION CAME BACK IN TERMS OF DEFAULT, YOU THAT THE ASSESSMENT WOULD STAY WITH THE PROPERTY AND SO ESSENTIALLY SO I MEAN I'M I'M THINKING OF IS THERE A PARTICULAR LEVEL WHERE THE RISK THEN FALLS FULLY ON THE CITY WITH DEFAULTS CHAIR AND COMMISSIONERS IT SO IN DISCUSSION THAT I'VE HAD WITH THE MINISTER ADVISOR AS WELL AS OUR CHIEF FINANCIAL OFFICER THE BIGGEST RISK WOULD BE WITH OUR BONDING.  SO IF REPAYMENTS WEREN'T BEING MADE ON BONDING THE WAY THAT GENERAL OBLIGATION BONDING IS STRUCTURED IS THAT THAT DEBT FALLS TO THE TAX BASE FOR THE BLOOMINGTON BASE.  SO THAT IS THE BIGGEST RISK THAT IF DEFAULT OCCURS AND PAYMENTS BEING MADE ON THE ASSESSMENT THAT THE DEB SERVICE FOR THE BONDING COULD FALL TO BLOOMINGTON TAXPAYERS. WHAT I DO WANT TO CALL IS ONE OF THE POTENTIAL BENEFITS OF THE TAX INCREMENT FINANCING DISTRICT IS THAT WE MAY BE ABLE TO IDENTIFY REVENUES FROM THE DISTRICT FOR SPECIFIC REPAYMENT OF THE THE GO BONDS AND SO THAT WOULD ADD ADDITIONAL SECURITY THAT THOSE GEO BONDS ARE BEING PAID FIRST. SO THATVEN IF THERE WERE UNIT TWO THAT WENT THROUGH DEFAULT, THE INCREMENT COLLECTED FROM THE OTHER UNITS WOULD FIRST GO TO THE BOND GEO BOND REPAYMENT.  THANK YOU. I THINK THAT THOSE ARE THE QUESTION THAT I HAVE FOR NOW. I'LL MY COMMENTS FOR LATER OR ANY OTHER QUESTIONS.  FIRST OFF, COMMISSIONER BLAIR ALL RIGHT. SO I HAVE KIND OF TWO QUESTIONS HERE. WAS THERE A TIMELINE TO COMPLETE PARKING STRUCTURE AFTER IF IT WERE TO BE APPROVED?  TRAIN COMMISSIONERS WHAT I'VE HEARD FROM THE APPLICANT IS THAT THE BUILD ITSELF WOULD BE AROUND SIX MONTHS SO THAT YEP I'M GETTING THE THUMBS UP. SO AROUND SIX MONTHS. SO AS YOU SAW FUNDING COULD POTENTIALLY BE AVAILABLE AROUND FEBRUARY BUT OF COURSE WORK START WOULD DEPEND ON WHETHER IF COULD ACTUALLY BEGIN THE WORK. OKAY AND ALSO DURING CONSTRUCTION WOULD THERE BE ANY DANGER TO THE OCCUPANTS SAID IT WAS UNDER THE BUILDING PARTIALLY. ANY DANGER TO THE OCCUPANTS AND IF SO, WHERE DO THEY GO IN THAT TIME? TRENT COMMISSIONERS I'LL AGAIN LOOK TO THE APPLICANT BUT FROM MY REVIEW OF THE APPLICATION THERE WAS NEED FOR RELOCATION DURING THE PROJECT.  YEAH. WELL YES YOU MAY HAVE PROBLEMS . JUST A REMINDER PLEASE STATE YOUR NAME FOR THE RECORD AGAIN. THANK YOU. THIS IS DOUG STRANGENESS.  WE ARE WORKING WITH A VERY ENGINEERING FIRM AND COMPASS. THEY HAVE BEEN WITH EXISTING BUILDINGS AND SOLVING SERIOUS FOR WELL OVER 30 YEARS. KNOW MAYBE LONGER THAN THAT BUT THEY WILL MAKE ABSOLUTELY NO MAKE IT ABSOLUTELY CERTAIN THAT THERE'S NO RISK TO THE RESIDENTS. ALSO REGARDING RISK WITH HIV FINANCING THE GENIUS IS THAT THE CITY GETS PAID BACK THROUGH THE PROPERTY TAX SYSTEM AND IN MINNESOTA PROPERTY TAXES GET PAID 99.99% OF THE TIME. I'M PRETTY SURE THAT RIGHT NOW EVERYBODY IN THE BUILDING IS CURRENT ON THEIR PROPERTY TAXES. IF YOU HAVE A MORTGAGE FOR SURE THE PROPERTY TAXES ARE GOING TO GET PAID EVEN IF YOU DON'T ESCROW IF YOU DON'T ESCROW BUT YOU DON'T PAY YOUR TAXES YOU'RE LENT YOUR LENDER WILL BE NOTIFIED BY THE COUNTY WITHIN TEN DAYS.  THEY WILL THEN PAY THE TAXES SO THAT THEIR LINE IS NOT COMPROMISED AND COME AFTER YOU. SO THANK YOU COMMISSIONER MILLER. I HAVE ONE MORE QUESTION SURROUNDING THE TIFF IS THE TIFF REDEVELOPMENT DISTRICT TIMELINE THE SAME AS THE THE LOAN CHANGE COMMISSIONER IS IN THAT TIMELINE WITH IT WITH THE BOND ISSUANCE PROCESS JUST ACKNOWLEDGING ALL OF THE THE THE MANDATED TIMELINES THAT ARE ASSOCIATED WITH TIFF. SO IT'S IT WOULD OCCUR AFTER THE RESOLUTION BECOMES EFFECTIVE THAT WOULD BE THE DATE THAT THE ACTIONS ASSOCIATED WITH THE DISTRICT COULD BEGIN.  AND THEN ANY OTHER QUESTIONS WITH NO OTHER QUESTIONS WE DO HAVE THIS MOTION IN FRONT OF US. COULD WE? OH, SHANNON. COMMISSIONERS, I DID WANT TO MAKE ONE POINT OF CLARIFICATION ON THE DIRECT THE DIRECT SUBSIDY, THE LARGER WHICH IS THAT WE ARE STILL EXPLORING HOW THAT FUNDING WILL HOW THAT FUNDING WOULD FUNCTION AND.  ONE CONSIDERATION WOULD BE THAT IT COULD GO TO SUBSIDIZE RENTALS IN THE BUILDING AS WE ACKNOWLEDGED THERE ARE RENTALS THERE AND SO TO AVOID THE POTENTIAL THAT THOSE RENTERS THAT ARE OCCUPANTS OF THAT BUILDING COULD BE DISPLACED. SO THAT COULD BE SOMETHING THAT WE CONSIDER IN THIS PACKAGE. THANK YOU.  YES, COMMISSIONER CARTER, THANK YOU. JUST TO CLARIFY IN POINT TWO, I SEEN THE MOTION WERE NOT NECESSARILY APPROVING LARGER USAGE WERE APPROVING WE WOULD BE IF IF THIS PASSES A PROPOSED DIRECT INCOME BASED ASSISTANCE PROGRAM BUT NOT NECESSARY IT COULD BE LARGER BUT IT COULD BE SOME OTHER. I CAN I THINK YOU LISTED THAT THAT WAS A POSSIBILITY BUT MAYBE NOT NECESSARILY FOR SURE . RIGHT. AND COMMISSIONERS THE RECOMMENDATION AND FOR OUR STUDY PURPOSES WOULD BE FOR USAGE OF LAVA THAT ISN'T TO SAY THAT THERE AREN'T OTHER FUNDING SOURCES WITHIN THE CITY. OKAY .  I MEAN WE WE COULD I GUESS THE TO START OFF WOULD BE FIRST I THINK I WOULD LIKE TO KNOW IF IF WE WANT TO KEEP THE PROPOSED DIRECT INCOME BASED ASSISTANCE PROGRAM WITH DO WE WANT TO KEEP THE MOTION AS IT STATES? LET ME START IT THAT WAY.  THE MOTION FOR THE OPTIONS .  OKAY .  AND THEN I GUESS I LIKE CLARIFICATION ON MAYBE POSSIBLY FROM LEGAL IF WE WOULD IF WE COULD SPECIFIES FUNDING IN THE MOTION. I NEED JUST SOME GUIDANCE ON THAT SINCE THAT HAS BEEN BROUGHT UP AS WELL. YEAH.  CHURN COMMISSIONERS, I THINK IT WOULD BE HELPFUL FOR THE HRA TO PROVIDE A RECOMMENDATION TO THE COUNCIL RELATED TO LACK OF FUNDS. THAT'S JUST MY TAKE ON THE SITUATION.  IF YOU THE ALTERNATIVE SOURCES OF FUNDING ARE FEW WE COULD LOOK AT POOLED TIFF OR POTENTIALLY CDBG THEY'VE YOU'VE ALREADY COMMITTED THOSE DOLLARS SO WE'LL BE KIND OF LA HAS DEFINITELY THE MOST ACCESSIBLE SOURCE OF MONEY FOR THIS TYPE OF USE SO THAT'S WHY WE'RE RECOMMENDING IT AND IT AS A NEW FUNDING SOURCE SO BUT I APPRECIATE THE CONCERNS AROUND LIKE SETTING BECAUSE WE HAVEN'T TALKED ABOUT THAT FUNDING SOURCE BUT THAT'S WHAT'S AVAILABLE TO YOU MOST EASILY IF YOU WANT TO PROVIDE THIS DIRECT ASSISTANCE. I WILL SAY AND YOU ASKED THE QUESTION WE DON'T KNOW THAT WILL USE UP 500,000 BECAUSE IT'S ALL BASED ON WHAT THE RESIDENTS TELL US ABOUT THEIR FINANCIAL SITUATION WHICH WE DON'T KNOW RIGHT NOW. SO IT COULD BE THE CASE THAT WE DON'T USE ALL 500,000 BUT I WOULDN'T WANT TO COMMIT TO THAT BECAUSE YOU KNOW, WE WANT TO BE ABLE TO PROVIDE THE ASSISTANCE THAT'S RIGHT.  SO YES, I'M LOOKING FOR.  AS FOR ME, I WOULD BE WILLING TO MAKE YOU KNOW, TO SUPPORT A MOTION THAT WOULD SPECIFY THE USE OF LA FUNDS.  WELL, WE'RE NOT YOU KNOW, JUST ND OF A DISCUSSION AND JUST I'M OPENING THAT UP FOR A DISCUSSION TO GET A GET FEEDBACK ON WHERE PEOPLE ARE SITTING WITH THAT.  WHAT DO YOU MEAN MIKE GO AHEAD . LIKE INSTEAD OF DISCUSSING A SPECIFIC PART MAYBE WE CAN JUST PROVIDE SOME KIND OF GENERAL COMMENTARY AND THEN IT MIGHT BECOME OBVIOUS MAYBE IN THE RECOMMENDATION AND SOMEBODY COULD MAKE A MOTION.  YEAH. OKAY. I MEAN YEAH. YEAH. OKAY. OKAY.  SO IT'D JUST BE MORE JUST LEAVING IT AS IT IS NOT SPECIFYING ANY SPECIFIC FUNDING SOURCE IS KIND OF WHAT YOU'RE SAYING KEEPING IT YES. THANK YOU. I THINK I THINK THAT'S COMPONENT OF THE DISCUSSION AND SO YEAH, I GUESS THIS IS UP FOR DISCUSSION. YEAH.  YEAH. BECAUSE IF WE GO BACK TO THOSE MAYBE THOSE OPTIONS AGAIN SO WE CAN TAKE A LOOK THAT BECAUSE THIS IS A DISCUSSION PIECE OF THE MOTION AND UM ADMINISTRATOR ABE DID YOU HAVE SOMETHING TO SAY.  OKAY.  SO I GUESS IN THE DISCUSSION YES, COMMISSIONER. SO I'LL I'LL KICK OFF THE DISCUSSION IF YOU PERFECT. THANK YOU.  THE THING FOR ME? YEAH. IT'S CLEAR THAT THERE'S A NEED . JU PARKING STRUCTURES LITERALLY FALLING APART.  I'M GOING ON GOOGLE MAPS. I HAVEN'T DRIVEN BY THE BUILDING YET AND IT IT EVERYTHING LOOKS TERRIBLE.  THE BIGGEST CONCERN I HAVE IS REALLY AROUND THE THE BONDING AND ENSURING THAT THE HRA CONTINUES TO TO DO THEIR JOB SO IF WE CAN RIGHT THAT AND ENSURE THIS IS GOING TO HAPPEN AND THAT THE BUILDING ITSELF IS NOT GOING TO CONTINUE AND THEY HAVE AN ACTIVE PLAN THAT'S THAT WOULD MAKE ME SIGNIFICANTLY MORE COMFORTABLE KNOWING THAT THIS WE'VE HAD ONE OTHER HRA SINCE 2014. MM HMM.  AS STAFF'S STATED, WE KNOW IN THE STATE AND IN BLOOMINGTON WE ARE GOING TO CONTINUE TO HAVE A NEED AND THIS KIND OF STARTS SETTING THE PRECEDENT OF WHAT'S GOING TO HAPPEN MOVING FORWARD. AND WHAT I DON'T WANT TO DO IS START HAVING THE CITY BE LOOKED AT AS A BANK. MM HMM.  AND THEN WE RUN INTO AN ISSUE WHERE WE CAN'T FUND ANYTHING WE CAN'T DO THE OTHER HOME DEVELOPMENT THAT WE NEED TO DO IN THE CITY. AND AS FAR AS IT COMES TO THE PIECE, I AM VERY WITH IT GIVEN THAT WE HAVE NOT HAD ANY OF THOSE DISCUSSIONS. THE CITY COUNCIL HAS NOT SET THE DIRECTION THE HRA HAS NOT HAS SET DIRECTION AND WHAT WE WANT TO DO WITH LARGER FUNDING. MY PREFERENCE WOULD BE TO USE OTHER FUNDING TO HELP WITH FINANCIAL SUPPORT BUT WHEN IT COMES TO LARGER I, I WOULD LIKE US TO SEE SOMETHING DIFFERENT GIVEN THAT WE HAVE NOT HAD THIS DISCUSSION EVEN THOUGH WE KNOW THERE'S GOING TO BE FUNDS COMING IN . WE HAVEN'T SET A PURPOSE FOR IT AND SO COULD BE COMPLETELY COUNTER TO WHAT WE REALLY WANT TO SET FOR THE DIRECTION OF THE CITY.  THANK YOU. I GUESS FOR ME WITH THIS DISCUSSION IS GOING TO BE VERY TRANSPARENT AND THE FACT THAT I WAS ON THE BOARD WHEN THIS CAME LIKE MY FIRST BIG ITEM I WAS VERY NEW GREEN TO THE BOARD AND I REMEMBER AS ONE OF THE SPEAKERS STATED WE WERE VERY CONCERNED ON THE IMPACT OF THE RESIDENTS BECAUSE THERE WAS COMMUNICATION WITH THE RESIDENTS. WE HAD NO IDEA HOW THIS WOULD AND AS SOMEONE WHO SITS ON THE HRA THE LAST THING I WANT TO GET RID OF AFFORDABLE HOUSING AND TO PUT PEOPLE IN A POSITION WHERE THEY CANNOT AFFORD THEIR HOME AND I, I PERSONALLY FEEL  THAT MARSHA IS THE ONE READING THROUGH IT IS THE EXACT THIS IS THE EXACT USE FOR THESE FUNDS AND I DO FROM SOMEONE WHO HAS NONPROFIT AND ACCOUNTING EXPERIENCE I'M GOING TO PUT THAT HAT ON AND SAY IT DOES LOOK GOOD TO THE GOVERNMENT WHEN YOU HAVE A NEED FOR IT AND THEY'RE MORE LIKELY TO CONTINUE FUNDING YOU OR LOOK AT FUNDING YOU IN THE FUTURE.  NOT SAYING THAT THAT WOULD HAPPEN BUT I JUST KNOW IT DOES LOOK GOOD AND THE LAST THING I WANT TO DO IS PUT THIS BURDEN ON PEOPLE AND IN OUR COMMUNITY AND OUR RESIDENTS IN THIS POSITION AND THEN LOSE THEIR HOME BECAUSE WE DON'T HAVE THAT GAP COVERAGE BECAUSE ULTIMATELY I DON'T FEEL I'M VERY MUCH I'M GOING TO SAY MY COMPASSION ANDND THAT DRIVES ME TO I WANT TO PROTECT THEM THAT'S WHERE I FEEL I DON'T WANT TO SEE WHEN WE LOOK OUT AND WE LOOK AT RESIDENTS MAJORITY OF THESE RESIDENTS WOULD OUR GRANDPARENTS THEY'RE THEY'RE THEY'RE ELDERLY THIS IS THE COMMUNITY THAT WE SPEAK ABOUT REGULARLY AND I HEAR THE COUNCIL SPEAKING ABOUT THAT WE WANT TO PROTECT AND SO I DO FEEL I WOULD BE WILLING TO PUT AND DESIGNATE MORE FUNDS FOR THIS PROJECT MYSELF. I JUST I FEEL THAT DRIVEN FOR THE FACT THIS HAS DRAG OUT FOR THIS MANY YEARS THESE PEOPLE NEED A RESOLUTION AND I DO NOT WANT TO I DON'T WANT TO FIND OUT DOWN THE ROAD THAT SOMEONE LOST THEIR HOUSE BECAUSE THEY COULDN'T AFFORD THE SITUATION I WOULD FEEL REALLY, REALLY HORRIBLE ABOUT THAT AND WE DIDN'T OFFER ANY HELP BECAUSE WE CAN AS STATED BY STAFF THERE REALLY IS LIMITED FUNDING WE HAVE CAN WE HAVE AS WE KNOW THIS BOARD HAS DESIGNATED MANY FUNDS FOR MANY AFFORDABLE PROJECTS IN THE PAST MONTH AND A HALF TO MONTHS FROM OUR BUDGET AND SO I GUESS UNLESS THERE'S A CREATIVE WAY THAT SOMEONE KNOWS TO TO CREATE THIS MONEY I JUST I'M I DON'T WANT TO SEE US NOT PROVIDE THAT GAP.  SO THAT'S MY DISCUSSION ON THAT.  COMMISSIONER ONE I WOULD CONCUR GIVEN THE NATURE OF THE BUSINESS I'M IN WHICH IS HOUSING INDIVIDUALS WHO ARE HOMELESS AND IN TRANSITION I CAN'T NOT THINK OF A BETTER USE OF THE FUNDS AT THIS PARTICULAR POINT IN TIME IN PARTECAUSE IT'S SPECIFICALLY THERE FOR A PURPOSE LIKE THIS AND ALSO BECAUSE IT'S ACTUALLY CAPPED THIS PARTICULAR PROJECT AND IT'S THE MOST TIMELY AVAILABLE ACTION ACT SET THAT WE CAN USE AND AS WE'VE SEEN SO FAR IT'S BEEN A VERY TIME CONSUMING PROCESS AND I THINK WE OWE IT IS A COMMISSION TO YOU KNOW TO GO FORWARD AND ACKNOWLEDGE THAT AND TRY TO REMEDY THE SITUATION AS QUICKLY AND AS EXPEDITIOUSLY AS POSSIBLE.  COMMISSIONER CARTER, THANK YOU . SO FIRST I WANT TO THANK STAFF BECAUSE I KNOW THAT THIS IS MEAN THIS WAS REALLY PUTTING TOGETHER A PUZZLE HERE A PUZZLE AND THE DIFFERENT FINANCING FINANCING SOURCES,  THE COMPLEXITIES AND WORKING THROUGH THE AND GETTING ALL THE INFORMATION AND REALLY TRYING HARD TO MAKE IT WORK TO TO KEEP PEOPLE IN SAFE HOUSING AND SO I JUST WANT TO SAY THANK YOU FOR THAT. I KNOW IT'S BEEN A LOT OF TIME AND EFFORT CREATIVITY SO YEAH SO I THINK IN GENERAL RELATED TO THE HIV LOAN AND NEW TIF DISTRICT I AM SUPPORTIVE OF PUTTING A RECOMMENDATION TO THE CITY COUNCIL IN GENERAL.  I THINK THIS MIGHT I WOULD BE INTERESTED IN LOOKING AT OUR HIV POLICY BECAUSE IT WAS CREATED IN 2014 AND WE'VE ONLY APPROVED ONE AND SO I GUESS I WOULD BE CURIOUS TO KNOW I WOULD BE CURIOUS TO REALLY DO A REVIEW OF THAT AND SEE IF THERE'S ANYTHING THAT WE WANT TO CHANGE OR LOOK AT TO BETTER UNDERSTAND THIS TOOL IN OUR TOOLBOX.  AND I THINK BECAUSE WE HAVEN'T REALLY USED IT, WE HAVEN'T HAD TO MEET THESE APPROVALS I THINK WHY WE'VE GOT LOTS OF QUESTIONS AND YOU KNOW AND SO I THINK A BETTER UNDERSTANDING OF THAT PROGRAM OR THAT POLICY AND THE RELATED PROGRAM WOULD HELPFUL BUT YET THE NEED IS GREAT. I ACTUALLY DRIVE BY THE HEIGHTS SINGLE DAY AND SO I SEE THE PEOPLE PARKING ON THE STREETS AND I SEE THEM WALKING. IT'S NOT IT'S NOT LIKE A REALLY SHORT WALK TO THE FRONT DOOR SO AND I SEE PEOPLE WITH WALKERS AND AND I TOTALLY UNDERSTAND HOW OUR I HAVE A LOT OF EMPATHY JUST HOW CHALLENGING IT HAS TO BE RIGHT NOW AND I JUST CAN'T IMAGINE THE SNOW FLIES AND THERE'S BIG SNOW DRIFTS AND ALL THOSE THINGS AND SO SO I THINK IT'S CLEAR THAT THE CRITERIA BEEN MET THERE IS A NEED AND I THINK THE THING I PROBABLY AM HUNG UP ON A LITTLE BIT TOO IS THE PROPOSED DIRECT INCOME BASED ASSISTANCE AND I AM I'M COMFORTABLE A PART OF THE LARGER RESOURCES FOR THIS BUT I THINK AS ONE OF THE PEOPLE WHO SPOKE TONIGHT IT'S LIKE WE DON'T KNOW THE FINANCIAL STATE OF PEOPLE IN WHO ARE LIVING IN THESE UNITS.  WE DON'T KNOW IF THERE IS UP TO $500,000 OR EVEN CLOSE TO THAT NEED AND WE DO KNOW THAT THE NEED IS GREAT ACROSS THE CITY OF BLOOMINGTON.  I MEAN WE HAVE EMERGENCY RENT ASSISTANCE PROGRAMS AT VP. THEY'VE SEEN AN INCREASE HUNGER LIKE THIS IS A REALLY SMALL BUILDING IN A GIANT THAT HAS GREAT NEED. AND SO I THINK THAT'S WHERE MY CONCERN ABOUT JUST AUTOMATICALLY SAYING OKAY WE'VE GOT THIS $500,000 IS BRAND NEW MONEY LET'S JUST DEDICATE IT TO THIS BECAUSE IT'S A IT'S A IT'S SOMETHING THAT WE IT'S LIKE RIGHT IN FRONT OF US WHEN THERE MIGHT BE OTHER SOLUTIONS THAT WHERE WE CAN LEVERAGE THESE RESOURCES TO MAXIMIZE OUR IMPACT. AND SO AGAIN, I'M NOT OPPOSED TO A LARGER OR A PORTION OF THE LARGER BUT I WOULD JUST LIKE TO BETTER AND YOU KNOW NEEDING WE NEED TO HAVE A BIGGER POLICY DISCUSSION AROUND THOSE FUNDS BUT UM AGAIN IT'S AT'S A IT'S A HUGE BUCKET OF MONEY WHEN NEED IS GREAT AND SO AND WITHOUT HAVING ANY REAL KNOWLEDGE OR UNDERSTANDING OF THE FINANCIAL STATE THAT PEOPLE ARE IN AND THESE I JUST WOULDN'T WANT TO COMMIT THOSE LIKE THE WHOLE 500,000 NOT KNOWING HOW MUCH IS ACTUALLY GOING TO BE NEEDED BY THE RESIDENTS AT THE HEIGHTS AND KNOWING THAT THERE'S HUGE NEED ACROSS THE COMMUNITY SO SO I WOULD BE FINE DOING SAYING PROPOSED DIRECT INCOME BASED ASSISTANCE AND HAVING SOME MORE CONVERSATION LAHAR IF THAT'S IF THAT WORKS YEAH COMMISSIONER THESE ARE AND THAT'S WHAT I WAS KIND OF THINKING TOO AND THIS QUESTION MIGHT BE MORE FOR THE ADMINISTRATOR.  MM HMM. I GUESS WHEN DO WE PLAN ON HAVING CONVERSATIONS AND AS THIS THIS AND IF WE KICKED US OUT TO COUNCIL WITH THE CONVERSATION TO HAVE DISCUSSIONS AROUND OUR STRATEGIC PLANS AND PRIORITIES ARE FOR LA HOW DOES THAT HELP EXPEDITE THAT SO THAT WE CAN KIND OF START SETTING THAT EXPECTATION?  YEAH. CHAIR AND COMMISSIONERS I THINK BASED ON THIS CONVERSATION I MEAN I DO THINK THAT'S DEFINITELY A CONVERSATION THAT WILL BE GOING FORWARD TO CITY COUNCIL AND THIS CONVERSATION DOES HELP EXPEDITE THAT. AND I DID WANT TO MENTION ALSO IN TERMS OF THE MOTION YOU CAN MAKE CONDITIONS IN TERMS OF HOW TO USE THAT FINANCING,  WHETHER OR NOT YOU WOULD LIKE TO INCLUDE THE DIRECT FINANCIAL ASSISTANCE AS PART OF THE AS PART OF THE MOTION. SO YOU COULD YOU CHOOSE TO ADJUST THE MOTION BASED ON THE DISCUSSIONS THAT YOU WOULD LIKE TO HAVE IN THE FUTURE AROUND THAT CONVERSATION.  SO THEN BASED ON THAT SUPPORTING THE DIRECT INCOME BASIS PROGRAM DOESN'T NECESSARILY MEAN WE'RE WE'RE IDENTIFYING HOW COULD DIRECT THAT WE WANT TO EXPLORE ALL OPTIONS FOR INCOME BASED PROGRAMS WITH LA AS A POTENTIAL GIVEN THE CONVERSATION WITH COUNCIL YEAH CHAIR AND COMMISSIONERS I WOULD SAY THAT THERE ARE A NUMBER OF OTHER STRAINS DEMANDS ON THE HRA BUDGET SO WE WOULD NEED TO BE REALLY THOUGHTFUL ABOUT THAT CONVERSATION, WHAT IT LOOKS LIKE AND OTHER POTENTIAL SOURCES FOR THIS TYPE OF FUNDING ASSISTANCE. YEAH COMMISSIONER WOOTEN AND THEN SO SO IN LOOKING AT THAT OTHER OPTIONS, WHAT IS THE TIMEFRAME ON GETTING A DECISION MADE IN AN APPROPRIATE TIME SO IT DOESN'T NEGATIVELY IMPACT THE FOLKS WHO ARE TRYING TO ACTUALLY NOT IMPACT SYRACUSE YOU REPEAT THE QUESTION WHAT WOULD BE THE TIME FRAME WHAT WOULD BE THE TIME FRAME TO BE NEGATIVE IMPACT PEOPLE REGARDING THAT AS FAR AS I UNDERSTAND IS LAW IS AVAILABLE NOW IT IS IN IT'S IT'S AN APPROPRIATE USE OF THE FUNDS AS I UNDERSTAND IT NOW WE MAY NOT EVEN USE THE TOTAL AMOUNT BUT IT'S AVAILABLE NOW TO EXPLORE OTHER FUNDS. WHAT IS THE TIME FRAME TO THOSE FUNDS? SO THIS ISN'T LIKELY TO IMPACT RESIDENTS PERIOD IT CAN I TAKE THAT QUESTION I JUST WANTED TO SUGGEST THAT YOU AS A BODY CAN DIRECT STAFF TO MOVE AHEAD WITH THE ACTIONS RELATED TO THE LOAN IN TIFF DISTRICT AND ALSO KIND OF CONTINUE TO EXPLORE THE DIRECT INCOME BASED ASSISTANCE. WE CAN DO THOSE. THEY DON'T HAVE TO BE PERFECTLY TIMED.  SO I WOULD SUGGEST IF YOU WANT TO MAKE SURE THAT THE LOAN ALL THAT WORK THAT HAS TO HAPPEN RELATED TO THE LOAN GETS GOING THAT WE KEEP MOVING AND THEN WE CAN CIRCLE BACK AND FIGURE OUT A STRATEGY FOR FORWARD WITH A CONVERSATION AROUND THE DIRECT INCOME BASED PROGRAM THAT WOULD BE A PARALLEL AND MAYBE NOT TIMED AT THE SAME PERIOD. YEAH IF THAT'S WHAT YOU WOULD PREFER TO DO OR CAN JUST DIRECT US TO MOVE IT ALL FORWARD TO THE COUNCIL.  COMMISSIONER CARTER THANK YOU CHAIR. SO I HEAR FRUSTRATIONS AND I DON'T MY UNDERSTANDING IS LIKE WE WOULDN'T BE ABLE TO GET DIRECT ASSISTANCE OUT THE DOOR SUPER FAST LIKE I MEAN WE WOULD SAY THIS LOAN HAS TO BE SET UP.  I MEAN THIS IS LIKE A WHOLE PROCESS AND TIMELINE AND WE HAVE TIME TO MAKE THE DECISION ABOUT THE INCOME BASED PEOPLE AREN'T GOING TO LOSE THEIR HOUSE BECAUSE WE DIDN'T MAKE THAT DECISION TONIGHT I GUESS WE HAVE PROBABLY WE ARE PROBABLY SEVERAL MONTHS RIGHT TO HAVE TO MAKE THE DECISION TO THEN BE ABLE TO PROVIDE ANY KIND OF BECAUSE I ASSUME PEOPLE DON'T START REPAYING ON THIS UNTIL I MEAN I DON'T KNOW WHAT THE DATE WOULD BE BUT IT WOULD TAKE IT TAKES A WHILE TO GET THE LOANS ADMINISTERED RIGHT. YEAH CHAIR AND COMMISSIONERS I WOULD AGREE WITH THAT. I THINK THE QUESTION YOU HAVE AS THE EVERYBODY IS DO YOU WANT TO MAKE RECOMMENDATION TO MOVE AHEAD WH THAT OR DO YOU WANT TO SEE THE INCOME BASED LOAN PROGRAM AGAIN TO MAKE A RECOMMENDATION THAT'S MORE SPECIFIC ABOUT THAT PROGRAM?  THE COUNCIL SO THAT'S KIND OF THE QUESTION FOR THE HRA BOARD WHETHER YOU WANT TO REVISIT THAT OR DO YOU WANT TO JUST DIRECT US TO MOVE IT AHEAD?  RIGHT. COMMISSIONER CARTER CHAIR SO I BE WILLING TO MAKE A MOTION TO RECOMMEND THE APPROVAL TO THE CITY COUNCIL OF THE HOUSING AREA REQUEST AND ASSOCIATED HIV FINANCING AND NEW INCREMENT TAX INCREMENT FINANCING DISTRICT AND THEN ASK STAFF TO CONTINUE TO EXPLORE FOR DIRECT INCOME BASED ASSISTANCE PROGRAMS.  I WOULD SECOND THAT. OKAY SO WE HAVE A MOTIONND A SECOND IS THERE ANY DISCUSSION CAN CAN I JUST ASK SOME CLARIFICATION JUST CLARIFICATION THAT BY MOVING IT THE WAY WE WOULD COULD STAFF GET THE HRA AND CITY COUNCIL TOGETHER TO DISCUSS THE LARGER FUNDING YOU KNOW SOONER RATHER THAN LATER BOTH I THINK PERSONALLY I FEEL BOTH NEED TO COME TOGETHER TO THIS DISCUSSION. SO I GUESS THAT'S MY QUESTION BEFORE I GO MAKING ANY AS A JUST YEAH CHAIR AND COMMISSIONERS CAN'T COMMIT TO THAT I DON'T THINK BUT I CAN CERTAINLY SUGGEST IT AS A STRATEGY TO THE CITY MANAGER.  I, I THINK I SAID THIS EARLIER BUT I JUST WANT TO REITERATE THAT STAFF CURRENTLY ISN'T PREPARED TO MAKE A RECOMMENDATION RELATED TO LONG TERM FUNDING. WE CERTAINLY COULD HAVE AN INITIAL CONVERSATION AROUND THE OPTIONS AND LIKE GET SOME INITIAL INPUT FROM COUNCIL BUT IN TERMS OF STAFF'S PREPARATION AROUND MAKING A RECOMMENDATION FOR LONG TERM USE OF THOSE THAT INCOME STREAM WE'RE NOT GOING TO BE PREPARED IN THE TERM TO DO THAT. THANK YOU. I APPRECIATE THAT CLARIFICATION.  YEAH. JUST ONE THING TO ADD I THINK WITH THIS MOTION THIS WOULD KICK IT UP TO COUNCIL AND THE COUNCIL WOULD HAVE DISCUSSION TO REALLY KICK OFF RIGHT TO SAY OVERALL THIS IS KIND OF THE DIRECTION WE ARE TO START LOOKING AT AND THAT WE WOULD WANT TO USE AS A BASE TO START THAT LONG TERM CONVERSATION IT WAS GOING TO BE BUT ULTIMATELY COUNCIL GETS TO HAVE THAT DISCUSSION AND THEN KIND OF SET THE THE WORLD IS GOING TO END UP COMMISSION CLARIFICATION SO THERE'S A LOT OF FUNDING COMING DIRECTLY INTO THE HRA YEAH CHAIR AND COUNCIL MEMBERS IT IS MONEY THAT IS GIVEN TO THE CITY DIRECTLY. SO I THINK DISCUSSIONS AROUND HOW ARE MADE REGARDING THAT POOL OF FUNDS ARE STILL ONGOING.  RIGHT. SO IS THERE ANY OTHER DISCUSSION SORRY AT THE IS TO RECOMMEND APPROVAL TO THE CITY COUNCIL OF THE HEIGHTS HOUSING IMPROVEMENT AREA REQUEST AND ASSOCIATED FINANCING NEW TAX INCREMENT FINANCING DISTRICT AND DIRECTING STAFF TO RESEARCH ALL OTHER OPTIONS FOR THE DIRECT INCOME BASED ASSISTANCE PROGRAM WITH THAT MOTION ALL THOSE IN FAVOR PLEASE SIGNIFY SAYING I I OPPOSED THE MOTION PASSES 5 TO 0 YES FIVE ZERO THANK YOU.  ALL RIGHT.  MOVING ON WE'RE ACTUALLY WE NEED I MESSED UP AND I APOLOGIZE.  WE DID NOT VOTE TO TABLE THE TEN EIGHT I'M SORRY THAT'S A NEW ONE FOR ME SO I DO APOLOGIZE SO WE NEED TO GO BACK AND REOPEN ITEM 3.1 OF THE OCTOBER 8TH 2024 HRA BOARD MEETING MINUTES AND SO I'D BE LOOKING FOR A MOTION TO TABLE CONSIDERATION OF THE OCTOBER EIGHTH 2024 HRA BOARD MEETING MINUTES TO OUR NEXT MEETING ON NOVEMBER 12, 2024 SO THAT THE RECORDING SECRETARY CAN RELISTEN TO THE RECORDING AND ADD ADDITIONAL DETAILS CONSISTENT WITH OUR DISCUSSION. MOVE THE TABLE. WE HAVE A MOTION BY COMMISSIONER WOOTEN AND A SECOND BY COMMISSIONER MUELLER TO TABLE THE OCTOBER 8TH 2024 MEETING MINUTES IS THERE ANY DISCUSSION HEARING ALL THOSE IN FAVOR PLEASE SIGNIFY SIGNIFY BY SAYING I I OPPOSED MOTION PASSES 5 TO 0 I APOLOGIZE FOR THAT NOW WE'RE ONTO AN I'M SIX DISCUSSION ITEMS ADMINISTRATOR ABE DO YOU HAVE ANY DISCUSSION ITEMS TONIGHT? YES. CHAIR COMMISSIONERS JUST ONE ITEM TO NOTE WHICH IS THAT WE HAVE BEEN DISCUSSING WITH THE PLANNING COMMISSION THE IDEA OF A JOINT HRA AND PLANNING COMMISSION MEETING TO DISCUSS SOME OF THE WORK AND RECOMMENDATIONS THEY HAVE AROUND MISSING MIDDLE HOUSING. SO WE'RE STILL SETTLING THE DATE IN IN NOVEMBER BUT YOU CAN LOOK FOR FUTURE COMMUNICATION FOR ABOUT A DATE AND TIME FOR THAT AND IF YOU HAVE ANY QUESTIONS PLEASE FEEL FREE TO LET ME KNOW ON THE PHONE. SO ANY OTHER DISCUSSION ITEMS ? NONE. HEARING NONE WE'D BE LOOKING FOR A MOTION TO ADJOURN THE TUESDAY, OCTOBER 22ND, 2020 FOR HOUSING AND REDEVELOPMENT AUTHORITY MEETING.  SO ON SECOND WE HAVE A MOTION PACK YOU MENTIONED WE WANT SECOND FIRE COMMISSIONER DELLINGER IS THERE ANY DISCUSSION HEARING ON ALL THOSE FAVOR PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION 5 TO 0 MEETING IS ADJOURNED