[1.  Update on Inclusion Plan Program and Metrics]
          [00:00:08]
          MICROPHONE ON. AND THE FIRST THING IS WE'RE GOING TO GET AN UPDATE ON OUR INCLUSION PLANNING FROM. MISS BEHRENS. REALLY, I WILL JUST INTRODUCE MARGARET AND ALSO PULL UP THE BRIEFING HERE SO WE CAN FIND THE RIGHT POWERPOINT PRESENTATION. I THINK IT'S THIS ONE. THERE WE GO. SO WE HAVE MARGARET HERE TO TALK ABOUT THE INCLUSION PLAN PROGRAM AND PROVIDE SOME METRICS. THIS IS PARTIALLY RESPONSIVE TO THE PERFORMANCE DATA THAT WE SHARED AT THE ANNUAL PERFORMANCE REPORT. BUT I WILL NOT. OKAY. I'M NOT SURE. OKAY. I HAD IT THOUGH. I HAD IT, I WAS THERE OH WAIT, NOW YOU'RE DOING IT. YEAH. OKAY. SO THERE IS THERE WAS A REQUEST AT THE ANNUAL PERFORMANCE REPORT FOR UPDATED DATA ABOUT THE ACTUAL THE ACTUALS RELATED WITH INCLUSION PLANS. SO AT THAT POINT WE REPORTED HOW MUCH PRIVATE INVESTMENT THERE HAD BEEN AND HOW MUCH COMMITMENT THERE HAD BEEN MADE TO MLB INCLUSION. 
          THERE WAS A REQUEST THAT WE PROVIDE THE ACTUALS THERE. WE HAVE ACTUALS THROUGH A PRIOR CALENDAR YEAR, WHICH WE'RE GOING TO SHARE TODAY. THE MORE UPDATED FIGURES WILL BE IN OUR MID-YEAR PERFORMANCE REPORT, WHICH IS ANTICIPATED IN FEBRUARY. OKAY. HELLO EVERYONE. 
          SO FIRST, JUST AS AN OVERVIEW OR A REMINDER FOR ANYONE THAT'S NOT WELL-VERSED IN THE INCLUSION PLANS, THE PROGRAM WAS IMPLEMENTED BACK IN JANUARY OF 2021 AND ESSENTIALLY HAD A GOAL THAT WE WANTED TO EXPAND OUR REACH OF SUBCONTRACTORS AND HAVE FOLKS INVOLVED IN THE BIDDING PROCESS AND DOING THE WORK THAT WERE REPRESENTATIVE OF THE COMMUNITY. SO THE INCLUSION PLAN PROGRAM APPLIES TO OUR CITY SUPPORTED PROJECTS. IT ESTABLISHES ASPIRATIONAL GOALS, AND THEN WE FOLLOW UP THROUGHOUT THE CONSTRUCTION PROCESS, THE BIDDING PROCESS AND GET REAL NUMBERS SO WE CAN SEE HOW THOSE GOALS TURNED INTO ACTION. THERE'S FOUR MAIN PARTS OR COMPONENTS OF THE INCLUSION PLAN PROGRAM, WHICH GOES FROM INCENTIVE APPLICATION TO THE SECURED SUBCONTRACTORS. AND THEN DURING CONSTRUCTION, WE STAY IN TOUCH WITH THESE FOLKS, AND THE PROJECT LEADS TO GET SUBMIT, UPDATED SUBMITTED STATUSES AND TRACK ANY CHANGES OR UPDATE ANY CONTRACT VALUES. AND THEN UPON PROJECT COMPLETION, WE RECEIVE A FINAL REPORT THAT WE WILL THEN BE ABLE TO COMPARE TO WHAT THEY INITIALLY SUBMITTED AS THEIR ASPIRATIONAL GOALS. THIS IS ANOTHER IMAGE, ESSENTIALLY, THAT SHOWS YOU THE ACTUAL INCLUSION PLAN PROCESS AND WHAT IT LOOKS FOR. FOR THE PARTICIPATING SUBCONTRACTORS OR CONSTRUCTION MANAGERS OR ON A PROJECT LEVEL. SO THEY GET THEIR PLAN APPROVED. THEY DO THEIR INITIAL APPLICATION, WHICH ESTABLISHES THOSE ASPIRATIONAL GOALS. THEN DURING THE BID OUTREACH PHASE, WE ARE TRACKING THE PARTICIPATION AND WE RECEIVE AN INITIAL POST BID REPORT. THEN IT GOES INTO THE CONSTRUCTION MONITORING PHASE WITH SEMI-FREQUENT CHECK INS TO SEE IF ANYTHING HAS CHANGED OR IF THERE WAS ANYTHING THAT WE WANTED TO UPLIFT AS A MAJOR FLAG IN COMPARISON TO THEIR ASPIRATIONAL GOALS. AND THEN ONCE CONSTRUCTION IS COMPLETE ON A PROJECT, THEN WE RECEIVE THAT FINAL REPORT. SO OVER TIME, SINCE 2021, YOU CAN SEE HERE HOW MANY PLANS HAVE BEEN SUBMITTED. AND IT'S BEEN WE HAVE IN OUR OFFICE, MANAGED 57 OF THOSE PLANS AND HAVE HAD A REPORTED TOTAL OF ABOUT $830 MILLION IN PRIVATE INVESTMENT SUPPORTED THROUGH THESE PROGRAMS. AND THESE ARE THE ASPIRATIONAL TARGETS THAT WERE REPORTED FOR EACH SPECIFIC CATEGORY. SO M, B, E, W, B, E AND W MLBE. SORRY. LOOKING DEEPER INTO THE ASPIRATIONAL GOALS REPORTED WITHIN THE LAST YEAR, THIS IS YEAR TO DATE FOR US SO FAR. SO. WE'VE HAD LESS PLANS SUBMITTED, BUT WE'VE HAD A SIGNIFICANT INCREASE IN THE ACTUAL INVESTMENT NUMBERS PER PLAN. SO THAT'S REACHING. WE HAVE A TARGET OF ABOUT 20% THAT WE TRY TO REACH FOR THE INCLUSION PLANS. SO THAT'S SHOWING THAT FROM PREVIOUS YEARS TO NOW WE'RE HAVING AN INCREASED NUMBER. SO WHETHER THAT'S DOLLAR AMOUNT OR PERCENTAGE AMOUNT, AND YOU CAN SEE THOSE SHIFTS ON THE SIDE HERE. YEAR TO DATE WITH THE 
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ACTUAL FINAL REPORTS THAT WE HAVE. WE'VE HAD OVER $20 MILLION INVESTED. NOW YOU'LL SEE THAT THAT'S OBVIOUSLY A BIG JUMP FROM WHAT WAS REPORTED AS ASPIRATIONAL. AND A BIG REASON FOR THAT WILL BE ON THE NEXT SLIDE. BUT THESE ARE WHAT WE'VE GOTTEN FINAL FINAL REPORTS. SO THE SUBCONTRACTOR REPORTS GIVE US DURING THE BIDDING PHASE, GIVE US A GOOD IDEA OF WHAT WE'RE LOOKING AT. BUT WE DON'T COUNT THOSE AS FINAL JUST BECAUSE OBVIOUSLY THINGS COULD CHANGE AFTER THE BIDDING PROCESS DUE TO A NUMBER OF VARIABLES. WE STILL HAVE ABOUT 26 PROJECTS THAT ARE CURRENTLY AWAITING THEIR FINAL REPORTS. SO IF WE WERE TO INCLUDE SUBCONTRACTOR NUMBERS, THIS 20 MILLION GOES UP ABOUT $100 MILLION. BUT AGAIN, WE DON'T WANT TO REPORT ON THINGS UNTIL WE GET THAT FINAL FINAL NUMBER. SOME OF THE ONES THAT WE WANTED TO JUST POINT OUT THAT WE HAVE ON THE HORIZON AS GOOD COMMUNITY PROJECTS WITH GOOD ASPIRATIONAL GOALS REPORTED, ONE OF WHICH BEING 2130 PLAINFIELD, WHICH GOT APPROVAL THROUGH RECENTLY IN THAT PROJECT, PROPOSED RENOVATING AN EXISTING STRUCTURE AND A BUILDING FOR A NEW STANDALONE BUSINESS THAT WOULD INCLUDE COMMERCIAL SPACE, HOUSING, PARKING AND A PUBLIC CITY SKYWALK, NOT SKYWALK SIDEWALK. THE DEVELOPMENT REQUESTED $108,000 FROM OUR LBF, AND WAS USING AN MLB AS THEIR GENERAL CONTRACTOR, WHICH PUT THEIR. 
          INCLUSION PLAN NUMBERS UP TO 82%, WHICH IS OBVIOUSLY FAR BEYOND THE 20% THAT WE REACH FOR. 1024 MLK IS A REDEVELOPMENT PROJECT THAT HAD ALSO REQUESTED MONEY FROM THE LBF. THIS IS A MIXED USE BUILDING THAT WILL BE OFFERING CHILD CARE AND AFTER SCHOOL PROGRAMING. SO A GREAT COMMUNITY PROJECT, AND WE WERE HAPPY TO INCENTIVIZE THE PROJECT. AND WE ALSO KNOW THAT THEY ARE TARGETING IN THEIR ASPIRATIONAL GOALS AT 20% FOR THE INCLUSION PLAN. AND SO FAR, THE LAST TIME I CHECKED IN THAT ACTUALLY HAS GONE OVER. SO SOMETIMES WE SEE NOTABLE SHIFTS NOT GOING DOWN, WHICH I FEEL LIKE IS THE DEFAULT ASSUMPTION THAT THESE WOULD DO, AND INSTEAD ACTUALLY AIMING BEYOND WHAT THEY PUT IN THEIR ASPIRATIONAL GOALS. SINCE IMPLEMENTING THE INCLUSION PLAN PROGRAM, WE'VE LEARNED A FEW KEY THINGS. SO SOME OF THE CATEGORIES INCLUDE TIME AND SITES, EARLY ENGAGEMENT, THE RESOURCE CONSTRAINTS AND PARTICIPATION SHIFTS. SO MOST IMPORTANT OF THESE WOULD BE THAT EARLY ENGAGEMENT, WE'VE REALIZED, IS THE TOP PRIORITY FOR GETTING THESE INCLUSION PLANS. SO OBVIOUSLY YOU SAW SOME NUMBERS WHEN IT WAS FIRST IMPLEMENTED, THE ACTUAL NUMBER OR THE INVESTMENT AMOUNTS ARE GOING TO BE A LITTLE BIT LOWER. NOW, THE COMMUNITY SEEMS TO BE VERY INVOLVED AND KNOWLEDGEABLE THAT THIS IS A CITY PRIORITY AND SOMETHING THAT WE TRY TO MAKE ACTIONABLE WITHIN OUR INCENTIVE PROGRAMS AND WITHIN OUR PROJECTS. SO THAT EARLY ENGAGEMENT AND EXPLAINING A THE POINT IN THE ALIGNMENT OF CITY PRIORITIES AND WHY THE INCLUSION PLANS ARE IMPORTANT, BUT ALSO GIVING THEM ALL THE RESOURCES AND PARTNERING WITH OTHER CITY DEPARTMENTS, LIKE THE OFFICE OF EQUITY AND INCLUSION, AND EXTERNALLY MANAGING WITH OUT WITH DIFFERENT STAKEHOLDERS LIKE CONSTRUCTION, ALLIES AND ACTION. 
          THAT'S SEEMED TO BE SOMETHING THAT A WE'VE NOTED AS GOOD TO GETTING UP TO THOSE ASPIRATIONAL GOALS OF 20%, BUT ALSO MANAGES, YOU KNOW, PROVIDES FOLKS AND DEVELOPMENT TEAMS WITH RESOURCES THAT THEY DIDN'T KNOW EXISTED. SOME OF THE PARTICIPATION SHIFTS NOTED IS THAT CERTAIN TARGET DOLLARS AND CERTAIN CATEGORIES HAVE DECREASED. SO NOT ONLY DOES THAT, AGAIN, EMPHASIZE THE NEED FOR EARLY ENGAGEMENT, BUT IT ALSO SHOWS, YOU KNOW, HOW THE LANDSCAPE IN THE LOCAL ECONOMY HAS SHIFTED AND WHAT THE DIFFERENT NEEDS FROM DIFFERENT CONTRACTORS OR SUBCONTRACTORS ARE FOR THE PROJECTS THAT WE'RE ATTRACTING AND INCENTIVIZING. 
          SIMILARLY TIME INSIGHTS, AGAIN, ON THE SAME NOTE, BUT THE DATA THAT WE'VE COLLECTED, WHERE WE'VE BEEN ABLE TO USE TO ACTUALLY IMPLEMENT, HOW WE'RE DRIVING THESE CONVERSATIONS, HOW WE'RE DOING THE EARLY ENGAGEMENT, AND WHAT RESOURCES WE NEED TO HAVE AT THE READY SO THAT THEY'RE ABLE TO BE IMPLEMENTED WITHOUT ADDITIONAL ADMINISTRATIVE HASSLE, WHETHER IN OUR OFFICE OR SOME OF THE EXTERNAL PARTNERS WE WORK WITH JUST TO KIND OF STREAMLINE, STREAMLINE EVERYTHING. FOR FOLKS THAT WERE LOOKING TO GET INVOLVED IN THE INCLUSION PLAN PROCESS OR BECOME MORE KNOWLEDGEABLE ABOUT IT, THEY CAN ALWAYS CONNECT WITH OUR 
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OFFICE. AND AGAIN, WE WORK CLOSELY WITH THE OFFICE OF EQUITY AND ENGAGEMENT FOR THE INCLUSION PLANS, DIFFERENT OUTREACH RESOURCES AND DIFFERENT REFERRALS. AND ONE OF THE MOST IMPORTANT THINGS I THINK THAT, AGAIN, JUST REALLY ENGAGE THE COMMUNITY AND MAKE SURE THAT, YOU KNOW, WE'RE REPRESENTING AND PEOPLE IN THE COMMUNITY. SO THINGS ARE BUILT BY THE COMMUNITY, ARE THE NETWORKING MEETINGS THAT WE ATTEND THAT WE HOST, AND ALSO ATTENDING PRE-BID MEETINGS AND CONTRACTOR OUTREACH SESSIONS, DIFFERENT NETWORKING EVENTS. 
          ALL OF THESE THINGS HAVE BEEN CONSISTENTLY IDENTIFIED AS SOMETHING THAT HELPS OVERCOME THE BARRIERS TO BECOME MATCHED WITH PROJECTS THAT HAVE APPROPRIATE SCOPES OF WORK. AND WE DID JUST WANT TO NOTE THAT YOU DO NOT AT THIS TIME, TO PARTICIPATE IN THE INCLUSION PLANS NEED TO BE LOCATED WITHIN KENT COUNTY OR CERTIFIED BY A THIRD PARTY ORGANIZATION, SO WE TRY TO MAKE IT AS ACCESSIBLE AND INCLUSIVE AS POSSIBLE. I THINK THAT'S IT. GREAT. THANKS. 
          YES, COMMISSIONER. THANK YOU. THANKS FOR THIS OVERVIEW. I THINK, YOU KNOW, SOMETIMES WE'VE HEARD PEOPLE SAY, YOU KNOW, YOU GUYS APPROVED THESE PLANS AND YOU DON'T, YOU NEVER YOU NEVER GO BACK AND YOU NEVER MEASURE IT. BUT THIS IS THAT THAT IS NOT TRUE. AND SO WE DO GO BACK AND MEASURE IT SOMETIMES, YOU KNOW, DEPENDING, AS YOU MENTIONED, SOME OF THE TIME FRAME AND THOSE PIECES, I KNOW A FEW YEARS BACK, ONE OF THE CONCERNS THAT PEOPLE HAD, YOU KNOW, WHEN THEY WERE SORT OF DEVELOPING THEIR PLANS WAS THE PERCENTAGE, YOU KNOW, I THINK THERE WAS NOT MAYBE NOT EVERYBODY, BUT SOME SENTIMENT ABOUT, YOU KNOW, I WANT TO REALLY MAKE THIS A STRETCH GOAL, YOU KNOW, WHERE I WANT TO BE AT. AND BUT ALSO WHEN YOU'RE DOING A PROJECT HERE AND THERE, WE'VE HAD A LOT OF DEVELOPMENT. AND JOHN WILL DO HIS REPORT LATER, IS THAT THERE CAN SOMETIMES BE A LACK OF ELIGIBLE, LIKE ELIGIBLE CONTRACTORS TO DO CERTAIN THINGS OR TO COME IN AND BE THOSE MLB EYES ON THE PROJECT. AND SO HAVE YOU CONTINUED TO HEAR THAT FROM APPLICANTS OF THE DIFFERENT PROGRAMS? YOU KNOW, BECAUSE YOU WANT THEM TO SHOOT HIGH, HOPEFULLY OR GO, YOU KNOW, HAVE A HAVE A SOLID GOAL, BUT YOU ALSO DON'T WANT TO SET THEM UP IF MAYBE THE POOL IS NOT WHERE IT NEEDS TO BE. AND THEN THERE'S ALWAYS BEEN THE DISCUSSION ABOUT HOW DO WE CONTINUE TO INVEST IN THAT POOL. 
          SO, SO YEAH, ANY THOUGHTS ON THAT WOULD BE GREAT. I WOULD SAY THE GENERAL PERCEPTION THAT I'M AWARE OF, OR WHAT I'VE HEARD THROUGH CONVERSATION WITH THE INCLUSION PLANS, IS THAT IT'S BECOMING LESS AND LESS OF AN ISSUE AS THIS PROGRAM HAS GROWN AND WE'VE PASSED MORE PROJECTS AND BEEN BEYOND BUSY IN OUR OFFICE WITH ALL OUR DIFFERENT ACTIVITIES THAT WE'RE DOING AND PUSHING THE INCLUSION PLANS ON EACH AND EVERY ONE OF THOSE INCENTIVES OR ON THOSE PROJECTS. I THINK IT'S LESS OF AN ISSUE THAN IT MIGHT HAVE BEEN, OBVIOUSLY AT THE BEGINNING OR STARTING, BUT I DO THINK THAT IT'S NOT COMPLETELY ERADICATED, OF COURSE. SO THAT JUST, AGAIN, UNDERSCORES THE NEED TO DIRECTLY ENGAGE WITH OUR COMMUNITY AND MAKE SURE THAT, LIKE THE COMMUNICATIONS ABOUT THIS PROGRAM AND THE RESOURCES FOR THE EXISTING BUSINESSES TO GET ON A PRIORITY LIST, AND THEY CAN BECOME A REGISTERED VENDOR, IT'S NOT REQUIRED FOR OUR INCLUSION PLANS AT THE MOMENT TO BE A REGISTERED VENDOR, BUT THAT'S ALL HANDLED IN THE OFFICE OF EQUITY AND ENGAGEMENT, OF COURSE, BUT HAVING LETTING THE COMMUNITY KNOW THAT THAT EXISTS AS A RESOURCE, I DON'T THINK IT'S NECESSARILY A LACK OF BUSINESSES IN THE STATE THAT ARE QUALIFIED. IT'S JUST HOW DO YOU GET THEM THE CORRECT RESOURCES TO BE KNOWLEDGEABLE ABOUT IT? AND I THINK THAT, AGAIN, IT KIND OF IS EARLY ENGAGEMENT, BUT WITH AN EMPHASIS ON COMMUNITY ENGAGEMENT AND MESSAGING. GREAT. 
          THANK YOU. OKAY. THANKS FOR THE PRESENTATION. OF COURSE. NEXT UP, WE HAVE. I'M LIKE THE EMCEE 
          [2.  Updates on Activities of the Grand Rapids Land Bank Authority and Brownfield Redevelopment Authority Emerging Developer Support]
TODAY. SO INTRODUCING OUR NEXT SET OF PRESENTATIONS. SO WE HAD THE AFFORDABLE HOUSING FUND BOARD RECENTLY HAD A WORKSHOP AND WE ASKED FOR AND RECEIVED UPDATES FROM THE GRAND RAPIDS LAND BANK AUTHORITY AND FROM THE BROWNFIELDS REDEVELOPMENT AUTHORITY ON THE EMERGING DEVELOPERS GRANTS PROGRAM. SO I ASKED SARAH TO COME AND SHARE THE SAME INFORMATION WITH THIS BODY, BECAUSE THERE'S ALWAYS A LOT OF PUBLIC INTEREST IN SORT OF THE STATUS OF THESE PROGRAMS. AND SO MISS ROMERO IS GOING TO BE HERE TO TALK ABOUT BOTH THE EMERGING DEVELOPERS AND THE LAND BANK AUTHORITY. GREAT. AND SHE IS, IN FACT, HERE SHE IS. AND I'M JUST ASKING HER WHICH ONE FIRST. OKAY, SO WE'RE GOING TO START WITH THE LAND BANK AUTHORITY PRESENTATION, AND THEN WE'LL CLOSE THAT ONE OUT AND OPEN THE ONE AROUND EMERGING DEVELOPERS. AND AGAIN, THESE EACH GENERATED SPECIFIC ASKS FOR PARTNERSHIP BETWEEN THE LAND BANK AUTHORITY AND BROWNFIELD AUTHORITY WITH THE AFFORDABLE HOUSING FUND BOARD. THE BOARD IS STILL CONSIDERING THOSE ASKS. SO WE WE'RE NOT ASKING YOU TO WEIGH IN ON THAT PART, BUT WE DID THINK THAT INFORMATION WAS GENERALLY OF INTEREST TO A LOT OF OUR STAKEHOLDERS. GOOD MORNING 
          [00:15:19]
AGAIN. ALL RIGHT. ON THE THE LAND BANK. THIS SHOULD BE FAMILIAR, MAYOR. I'M GOING TO HIGHLIGHT THREE DIFFERENT THINGS FOR THIS PRESENTATION. AND THIS. AND THIS COVERS THE BENEFITS OF HAVING A LAND BANK. WHAT WE'VE BEEN WORKING ON THE LAST YEAR, OUR CURRENT PORTFOLIO, AS WELL AS CLOSING WITH THE ACQUISITION STRATEGY THAT THE BOARD RECENTLY ADOPTED. 
          SO THESE ARE ALL THE GOOD REASONS THAT WE HAVE A LAND BANK. OUR PURPOSE HERE IS TO REALLY CREATE AND MAXIMIZE A TOOL FOR LAND TRANSFER, BE A PATIENT PARTNER. WE'VE BEEN IN, IN EDUCATING THE PUBLIC THE LAST YEAR AND REALLY MOVING THE PORTFOLIO FROM THE STATE THAT WE RECEIVED. THOSE MOSTLY HAVE BEEN IN THE THIRD WARD. THEY'VE MOSTLY BEEN SINGLE FAMILY LOTS. 
          THIS VERY MUCH ALIGNS WITH OUR OTHER PROGRAMING, WHETHER IT IS THE SITE READY PLANS THAT WE WORKED ON WITH THE STATE AND THE PLANNING DEPARTMENT, THE EMERGING DEVELOPER PROGRAMING, AND I WOULD CALL MORE ATTENTION TO OUR ENVIRONMENTAL SITE ASSESSMENT GRANTS THAT ARE STILL VERY MUCH AVAILABLE FOR EMERGING DEVELOPERS. AND THEN I WOULD SAY THAT THE LAST POINT ON THEIR HARM REDUCTION THROUGH ADDRESSING GENTRIFICATION, WE REALLY SET UP THE POLICIES HERE TO THINK ABOUT THE APPLICANTS THAT ARE COMING THROUGH THE DOOR AND, AND WHAT THEY'RE PLANNING TO DO, AND ENSURING THAT ALIGNS WITH OUR PRIORITIES. AND A MAJORITY, IF NOT ALL, HAVE BEEN PUT FORWARD FOR HOUSING. THIS GIVES YOU INSIGHT INTO THE PORTFOLIO. SO WE HAVE 20 PARCELS AVAILABLE WITH ONE ACTING LISTING PERIOD. THIS IS DATA ABOUT 30 DAYS OLD. SO DOUG MIGHT HAVE MORE RECENT INFORMATION. BUT AT THE TIME WE PRESENTED IN SEPTEMBER, WE HAD ONE ACTIVE LISTING PERIOD. WHAT HAPPENS IS WHEN WE GET AN APPLICATION, WE PUT THAT PROPERTY OUT AND MAKE IT AVAILABLE FOR EVERYONE FOR 30 DAYS AND ACKNOWLEDGE THAT WE HAVE AN APPLICATION. SO IT JUST AFFORDS GREATER ACCESS TO THESE PROPERTIES. ONCE WE KNOW WE HAVE AN INTERESTED PERSON, WE'VE OPTIONED 18 PARCELS. SO THIS IS WHERE WE HAVE ENTERED INTO A YEAR LONG AGREEMENT WITH THESE APPLICANTS, EXPECTING THEM TO PERFORM DUE DILIGENCE ACTIVITIES AND REALLY ENSURING THAT THEY'VE GOT A PROJECT. AND THEN WE'VE ACTUALLY DISPOSED OF 14 OR SOLD 14 PROPERTIES OF THE 50 ISH THAT WERE BUILDABLE IN THE 100 ISH, THE FROM THE STATE LAND BANK. DISPOSITION HIGHLIGHTS. THIS GIVES YOU A LITTLE BIT MORE INSIGHTS INTO WHAT HAS BEEN MOVING. AND I WAS REALLY FRAMING THIS MORE FOR THE AFFORDABLE HOUSING FUND BOARD. GIVEN THEIR INTEREST IN AFFORDABLE HOUSING. WE DO NOT ASCRIBE ANY SPECIFIC REQUIREMENTS WHEN IT COMES TO LAND BANK TRANSACTIONS. WHAT WE'RE RESPONDING TO HERE IS APPLICANTS SEEKING A DESIRE TO MAINTAIN AFFORDABILITY. AND IF THEY CHOOSE TO DO THAT, THEN THEY'RE IDENTIFYING THEIR THE GOALS HERE. AND WE'RE PUTTING THAT INTO ULTIMATELY A DEED RESTRICTION AT THE END OF THE DAY. SO YOU CAN SEE ABOUT SEVEN OF THOSE HAD AFFORDABILITY. 
          ABOUT SEVEN OF THOSE WERE MARKET RATE. RECENTLY, THE THE BOARD ADOPTED AN ACQUISITION POLICY. THE GOALS HERE ARE PRETTY STRAIGHTFORWARD PROMOTING REDEVELOPMENT AND REUSE OF VACANT, ABANDONED, FORECLOSED AND OTHER PROPERTIES, SUPPORTING TARGETED EFFORTS TO STABILIZE NEIGHBORHOODS, STIMULATING RESIDENTIAL, COMMERCIAL AND INDUSTRIAL DEVELOPMENT, AND UNDERTAKING ACTIONS IN A WAY THAT ARE CONSISTENT WITH GOALS AND PRIORITIES ESTABLISHED BY PARTNERS AND OTHER COMMUNITY STAKEHOLDERS. JUST CALLING SOME ATTENTION TO THE GOAL HERE AND NOT BEING ACTING AS A DEVELOPER, BUT ACTING INSTEAD AS A PARTNER TO SUPPORT TRANSACTIONS THAT ARE MEANT TO REACTIVATE UNDERUTILIZED PROPERTY. A FEW OF THE LOW HANGING FRUIT ITEMS THAT THE THAT THE LAND BANK WAS TOSSING AROUND ARE ONE LOOKING AT CITY OWNED PROPERTIES THAT MAY BE SUITABLE, SUITABLE FOR DISPOSITION AND HOW AND CONSIDERATION OF A POTENTIAL PARTNERSHIP BETWEEN THE CITY AND THE LAND BANK. ADDITIONALLY, PARTNERSHIP WITH THE CORRIDOR IMPROVEMENT AUTHORITIES. WE'VE HAD FLYWHEEL OVER THE LAST YEAR PROVIDE THEIR CORRIDOR STRATEGY PRESENTATION TO EACH OF THE CORRIDOR IMPROVEMENT AUTHORITIES AND REALLY TALK ABOUT THE INFILL OPPORTUNITIES ACROSS THE DIFFERENT AUTHORITIES. SO I FEEL LIKE WE'RE JUST GETTING STARTED WITH THAT CONVERSATION TO BE MORE 
          [00:20:03]
SPECIFIC. RIGHT? IT WAS MORE BROAD, LIKE THIS IS THESE ARE ALL THE THINGS WE COULD DO. THE LAND BANK COULD BE A VERY WILLING PARTNER IN HELPING HOLD PROPERTY WHILE OTHER PROPERTIES ARE ACQUIRED. MAYBE, BUT ULTIMATELY, JUST THE INTENTION OF PARTNERING WITH THE CIA IS, IS A PRIORITY. AND THEN FINALLY, WE'VE TALKED A LITTLE BIT ABOUT HOW THE SOUTH SIDE CREEK TRAIL IS BEING CONTEMPLATED AND WHAT POTENTIAL PROPERTIES ALONG THAT TRAIL COULD BE AGAIN, ACQUIRED, POTENTIALLY IN PARTNERSHIP WITH THE LAND BANK TO HELP AGAIN. POTENTIALLY ACTIVATE GREATER PARCELS. RIGHT. WE COULD BE A LONG TERM HOLDING PARTNER, IS THE POINT. SO THE LAND BANK AUTHORITY TOOK ACTION TO SEND A LETTER TO THE AFFORDABLE HOUSING FUND BOARD FOR A VERY SPECIFIC DOLLAR AMOUNT OF $5 MILLION TO HELP FUND ACQUISITION. THERE'S NO SPECIFIC PROPERTY THAT WE ARE LOOKING TO ACQUIRE AT THIS POINT, BUT WE WANTED TO HAVE A SIZABLE ENOUGH DOLLAR AMOUNT HERE TO REALLY MAKE IT. WORTHWHILE. CANDIDLY, RIGHT? REAL ESTATE IS IMPORTANT. AND SO AGAIN, WE WANT TO HELP ADVANCE THE HOUSING GOALS, SPECIFICALLY AFFORDABLE HOUSING GOALS THAT THE AFFORDABLE HOUSING FUND BOARD HAS. WE WANT ALSO BE A PARTNER ON. ON PROPERTIES. AGAIN, ALLOWING SUFFICIENT TIME TO ENSURE PRIORITIES CAN BE INTEGRATED INTO FUTURE ACTIVATION. AND THEN FINALLY, WE WANT TO CONTINUE TO FOCUS ON GENERATIONAL WEALTH AND ACTIVATING THESE PROPERTIES. 
          I'M HAPPY TO ANSWER ANY QUESTIONS. GREAT. SO THANK THANK YOU, SARAH, AND THANKS, DOUG, FOR YOUR ENTHUSIASM AND WORK ON THIS. SINCE I'M IN THE THICK OF THIS AND CHAIR THAT I'M GOING TO CITY MANAGER. YOU WANT TO SAY SOMETHING? I'M WONDERING, GIVEN THE TIME, WOULD IT BE BETTER FOR US TO GO THROUGH BOTH PRESENTATIONS, BOTH THE LAND BANK AND BROWNFIELD AUTHORITY, SINCE THEY'RE BOTH ASKING REQUESTS FROM THE AFFORDABLE HOUSING FUND AND THEN HAVE DISCUSSION COLLECTIVELY. SO GO AHEAD, TAKE IT AWAY. YEP. AND GIVEN OUR LIMITED AMOUNT OF TIME WE HAVE, I TRY TO BE QUICK. THIS NEXT ONE FOR THE EMERGING DEVELOPER GRANTS, AGAIN GIVING AN OVERVIEW OF THE PROGRAMING. I JUST SET THE BASELINE HERE. 
          TALK A LITTLE BIT ABOUT WHAT WE WERE ABLE TO ACCOMPLISH WITH THE INVESTMENTS THAT WE'VE MADE TO DATE. AND THEN ALSO A PITCH, IF YOU WILL, TO THE AFFORDABLE HOUSING FUND BOARD ON WAYS WE COULD ULTIMATELY PARTNER. SO JUST TO LEVEL SET, THIS PROGRAMING WAS ESTABLISHED IN 2023, IS MEANT TO ACTIVATE AND GROW OUR EMERGING DEVELOPER ECOSYSTEM AND HELP FUND PRE-DEVELOPMENT EXPENSES NECESSARY SIMPLY TO OBTAIN A SITE PLAN, APPROVAL FOR A FUTURE PROJECT. AND I I'M SIMPLY IS PROBABLY NOT THE RIGHT WORD THERE. THERE'S A LOT OF WORK FOR PRE-DEVELOPMENT COSTS AND ACTIVITIES THAT IT TAKES TO ACTUALLY GET A DEAL TO UNDERSTAND WHETHER A DEAL IS WORKABLE AND CAN PENCIL. SO HERE'S SOME OF THE DATA ON WHAT WE WHAT WE KNOW. WE'VE SUPPORTED 22 DIFFERENT GRANT AWARDS ACROSS 30 DIFFERENT PARCELS, ONE OF THOSE FOR CERTAIN WITH THE LAND BANK, 20 PROJECTS OF THE. 22 ANTICIPATE RESIDENTIAL UNITS. WE ARE NOT NECESSARILY IN A POSITION AT THIS POINT IN THE DEVELOPMENT PROCESS TO BE REQUIRING AFFORDABILITY BY ANY MEANS, RIGHT? WE'RE JUST TRYING TO UNDERSTAND IF WE HAVE A DEAL. SO THERE'S WE WHILE WE KNOW SOME DETAIL ON THE RESIDENTIAL UNITS, AFFORDABILITY IS NOT NECESSARILY ONE OF THOSE DATA POINTS. OVER 211,000FT■!S OF POTENTIAL REDEVELOPMENT, 335 UNITS, AND THE BRA IS SUPPORTED ALMOST 3.2 MILLION IN THIS SPACE. 86% OF THOSE PROJECTS ARE IN NEIGHBORHOOD OF FOCUS, AND YOU CAN SEE THE WARD BREAKDOWN THERE. SINCE INVESTING IN THESE PROJECTS, WE ARE AWARE THAT 12 OF THE 22 PROJECTS ARE SEEKING ADDITIONAL INCENTIVES OR UNDER ACTIVE CONSTRUCTION. SEVEN OF THOSE ARE STILL WORKING THROUGH PRE-DEVELOPMENT ACTIVITIES AND STILL GOING TO BE REQUESTING REIMBURSEMENT ON THOSE FUNDS. AND THREE PROJECTS, AGAIN, OF THE 22 ARE SEEKING OWNERSHIP CHANGE THE BREAKDOWN OF THE OTHER INCENTIVE TOOLS THERE ARE IN THE BOX. WE'VE GOT A VARIETY OF TOOLS THAT WE ARE WORKING TO HELP ADVANCE THESE PROJECTS. THE THE RENDERING IS RICKY LABRA WITH SLICK INVESTMENTS, AND HE WAS ONE OF THE EMERGING DEVELOPER APPLICANTS THAT 
          [00:25:02]
REALLY WENT FROM SMALLER SINGLE FAMILY REDEVELOPMENT FLIPS TO MORE MULTIFAMILY INVESTMENT ACROSS THREE DIFFERENT PARCELS THROUGH A BROWNFIELD HOUSING PLAN. SO THE SUBCOMMITTEE FOR THE BROWNFIELD REDEVELOPMENT AUTHORITY HAS TALKED ABOUT THE EMERGING DEVELOPER PROGRAMING, PURPOSEFUL AND NOT ALLOCATING SPECIFIC DOLLARS THIS LAST FISCAL YEAR TO THIS SPACE, JUST DUE TO DEMAND AND TRYING TO FIND A RESOURCE THAT COULD HELP, KEEP HELP, KEEP UP WITH THE PACE AND PROVIDE A MORE SUSTAINABLE FUNDING SOURCE, AS WELL AS TRYING TO GET OTHER PARTNERS TO THE TABLE FOR TECHNICAL ASSISTANCE. SO WHEN THINKING ABOUT HOW THIS PROGRAMING MIGHT CHANGE, THESE ARE SOME OF THE THINGS THAT WE'VE DISCUSSED. THERE'S BEEN NO DECISIONS BY ANY MEANS, BUT I WANT TO JUST CALL SOME ATTENTION TO WE'VE TALKED ABOUT THE DEFINITION OF AN EMERGING DEVELOPER. RIGHT NOW. IT'S A PRETTY BROAD DEFINITION WHERE WE'RE LOOKING FOR EARLY ENTREPRENEURS IN THE REAL ESTATE SPACE. WE'VE ALSO TALKED ABOUT HOW WE'RE FUNDING THESE. WE'VE BEEN FUNDING THESE IN IN ALL THE ACTIVITIES THAT YOU SEE THERE, WHETHER IT'S PRE-DEVELOPMENT CONSULTING, SITE PLANNING, ENVIRONMENTAL SITE ASSESSMENT, GRANTS, ENGINEERING, OR A AND E IN ONE DISBURSEMENT, RIGHT IN ONE GRANT APPROVAL. THE SUGGESTION ON A GOING FORWARD BASIS IS TO MAYBE BREAK THIS UP AND BE MORE INCREMENTAL. SO SO FOR EXAMPLE, WE CARVE OUT SPECIFIC DOLLARS THROUGH OUR ENVIRONMENTAL SITE ASSESSMENT GRANTS. FOR FUNDING FROM OUR REVOLVING LOAN FUND. AND WE COULD JUST START THERE WITH AN INVESTMENT WITH AN, WITH AN EMERGING DEVELOPER VERSUS CONSIDERING ALL THE FUNDING AND WE CAN MAKE MORE INCREMENTAL PROGRESS SIMILAR TO OUR ENVIRONMENTAL SITE ASSESSMENT GRANT CARVE OUT, WE COULD CONSIDER CARVING OUT DOLLARS SPECIFIC TO EMERGING DEVELOPER PROGRAMING. AND THEN JUST TO GIVE YOU A SENSE OF THE SCOPE OF THE PROJECTS, BECAUSE WE'VE ALSO TALKED ABOUT WHETHER WE CAP SIZE OF PROJECTS. SO THAT COULD BE SIZE FROM A TOTAL PROJECT COST, WHICH WE'RE AVERAGING ABOUT 4.7 MILLION AT THIS POINT. AND WE'VE SEEN RANGE OF RESIDENTIAL UNITS COMING ONLINE FROM 2 TO 52 UNITS. AND SO, YOU KNOW, WOULD WE CAP IT AT TEN OR WHAT? YOU KNOW, SO IT'S ALL UNDER DIALOG AT THE MOMENT. AND WE ANTICIPATE CHANGES ON A GOING FORWARD BASIS IN RELATION TO THE AFFORDABLE HOUSING FUND BOARD. SPECIFICALLY, I WAS DRAWING SOME CONCLUSIONS ABOUT THEIR FOCUS OF EXPANDING THE ECOSYSTEM FOR BOTH SMALL SCALE AFFORDABLE HOUSING DEVELOPMENT AND ALSO INCREASING ACCESS TO CAPITAL FOR TRAINING OF EMERGING DEVELOPERS. AND WHAT I'M TRYING TO ARTICULATE HERE IS JUST A FEW THINGS THAT I SEE IN BOTH OF THESE SPACES WHERE THE BRA COULD BE A PARTNER. SO OBVIOUSLY THE SITE ASSESSMENT GRANTS ARE A PRE-DEVELOPMENT ACTIVITIES THAT'S ASSOCIATED. 
          WE'RE ALSO SEEING A LOT OF THE PROJECTS THAT ARE BEING PUT FORWARD BY THE NATURE OF WHAT IS BEING PUT FORWARD, AFFORDABLE BY DESIGN. SO HAVING SMALLER UNITS, MORE EFFICIENCIES BUILT IN WITH. SOME OF THE APPLIANCES. AND THEN WE ALSO HAVE AN OPPORTUNITY TO MAYBE LEVERAGE HOUSING TIF A LITTLE BIT DIFFERENT BECAUSE OF THE PROJECT THAT WE SAW RICKY PIERCE PURSUE WITH HIS SCATTERED SITE BROWNFIELD PLAN, AS FAR AS INCREASING ACCESS TO CAPITAL AND TRAINING FOR EMERGING DEVELOPERS. AND WE'VE BRIEFLY TALKED WITH THE LENDING COMMUNITY ABOUT PARTNERING HERE. WE'VE ALSO TALKED TO THE URBAN LEAGUE ABOUT PARTNERING ON THE IN THE APPLICANTS OR THE THE. PEOPLE THAT WENT THROUGH THEIR COHORTS AND PARTNERING THEM UP WITH THE INVESTOR COMMUNITY WITH A LITTLE BIT MORE INTENTION, AND THEN ALSO TALKING ABOUT MORE HANDS ON CAPACITY BUILDING BECAUSE THESE ARE HARD, THESE ARE HARD PROJECTS. THE PARTNER OPPORTUNITY, THE PARTNERSHIP OPPORTUNITY. HERE IS MY LAST SLIDE. THIS IS REALLY WHERE WE WERE. OR I, I WAS THROWING AT THE WALL THREE DIFFERENT THINGS HERE TO FUND. AND I'M SPITBALLING ABOUT A $2 MILLION ASK TO FUND THE OUTSTANDING GRANT APPLICATIONS FROM FISCAL YEAR 26, WHICH I'M GIVING YOU A SMATTERING OF THE SCOPES THERE ON THAT FIRST BULLET. IN ADDITION, FUNDING FIVE FUTURE PROJECTS THAT ARE NOT IDENTIFIED. BUT THIS WILL SIGNAL TO THE COMMUNITY THAT WE WE DO WANT TO CONTINUE TO INVEST IN THIS SPACE WITH MORE PARTNERS AT THE TABLE. AND THEN FINALLY, A TECHNICAL ASSISTANCE FOCUS, WHICH COULD BE ENVISIONED THROUGH A REQUEST 
          [00:30:06]
FOR PROPOSALS TO FOCUS ON REALLY MORE MENTORSHIP AND SOME CONSULTING ACTIVITIES THAT COULD HELP ADVANCE THESE PROJECTS FROM IDEA TO ACTUALLY RIBBON CUTTINGS. AND I'M HAPPY TO TAKE ANY QUESTIONS. GREAT. SO I'M GOING TO LEAD OFF AND JUST POINT OUT PARTLY FOR THE RECORD, AND I KNOW MY COLLEAGUES KNOW ALL THIS, BUT SO AS FAR AS THE LAND BANK GOES, WHICH IT'S NO SECRET, I'M VERY EXCITED ABOUT THE. WHERE WE ARE RIGHT NOW IS SOMETHING THAT'S GOT ABOUT $100,000 IN THE BANK. SO IN THE CONSTRUCTION WORLD, $100,000 DOESN'T BUY YOU MUCH. 
          IT HARDLY BUYS YOU A BATHROOM AT THIS POINT. SO, YOU KNOW, IF THERE ARE LAND BANKS OR STRUCTURED SO THAT THEY CAN DO SOME, IT'S CALLED 550 CAPTURE. SO THEY THERE'S A COMPLICATED MECHANISM THAT LIKE IN PLACES THAT HAVE A LOT OF FORECLOSED PROPERTIES, LIKE, YOU KNOW, OTHER CITIES I WON'T MENTION BY NAME THAT HAVE A LOT OF FORECLOSED PROPERTIES THAT THAT THE FUTURE TAX, PROPERTY TAX GETS CAPTURED AND THOSE CAN GROW OVER TIME. BUT WE'RE A NEW, WE'RE A NEW LAND BANK. AND SO I THINK IT'S, I THINK IT'S VERY, VERY IMPORTANT THAT WE PRIME THE PUMP BECAUSE WE CAN WAIT 20 YEARS UNTIL THIS THING INCREMENTALLY GREW TO THE SIZE THAT IT COULD BE AN EFFECTIVE FORCE FOR DEVELOPMENT IN THE COMMUNITY. OR WE COULD PRIME THE PUMP AND HAVE IT HAVE SOME CAPITAL SO IT CAN ACTUALLY START DOING SOME THINGS. I MEAN, THERE ARE INDEPENDENT OF THAT. I THINK THERE'S SOME THINGS THAT ARE EXCITING. FOR EXAMPLE, WE KIND OF WENT BY IT QUICKLY, BUT THERE ARE SOME NON BUILDABLE LOTS. WELL ONE OF THE THINGS ABOUT A NON BUILDABLE LOT IS LIKE WHO WANTS TO BUY A LOT. THAT'S NON BUILDABLE. 
          UNLESS YOU WANT TO PUT A DOG PARK ON IT OR SOMETHING. BUT THERE ARE THERE IS OF COURSE A PROCESS TO GO TO PLANNING AND SAY HEY YOU KNOW, I KNOW THIS HAS GOT A SLOPE THAT'S 2% ABOVE WHAT YOU'RE SUPPOSED TO HAVE, BUT CAN WE GET A VARIANCE? AND THAT THAT IS A POTENTIAL BARRIER TO DEVELOPMENT THAT THE LAND BANK COULD ADDRESS PRIOR TO GETTING PROPERTIES OUT IN DISPOSITION. SO I THINK THE THE LAND BANK CAN BE A REAL TOOL FOR TURNING SOME OF THOSE NON DEVELOPABLE PROPERTIES INTO POTENTIALLY THINGS THAT CAN ACTUALLY BE BUILT ON. IT'S ALSO TRUE THAT I THINK THE LAND BANK'S REALLY GOT AN OPPORTUNITY, IF IT HAS SOME MONEY TO GO OUT AND DO RECRUITING, FOR LACK OF A BETTER WAY TO PUT IT, THE THERE ARE THERE'S PROPERTY OUT THERE THAT'S NOT REALLY IN GOOD USE RIGHT NOW. AND FOR A VARIETY OF REASONS. AND TO HAVE AN ENTITY THAT'S GOT THE ABILITY TO GO OUT AND INITIATE CONVERSATIONS CITY WIDE ABOUT LIKE, HEY, WHY ARE YOU SITTING ON THIS EMPTY LOT? IT'S NOT DOING YOU ANY GOOD. HOW ABOUT WE PUT A COMMUNITY USE AND HAVE THAT BE A NONPROFIT, NOT JUST A DEVELOPER, BECAUSE NOT EVERYONE WANTS TO SELL THE DEVELOPER. AND LOTS OF PEOPLE WANT TO SEE THAT THERE'S A COMMUNITY BENEFIT TO, TO, TO THEIR LAND BEING USED. I ALSO THINK THAT WE HAVE THE ABILITY TO DO, AS YOU POINT OUT, NOT JUST THE SILVER CREEK PROJECT, BUT IT'S NO SECRET OUR SCHOOL SYSTEM IS DISPOSING OF A LOT OF PROPERTIES. AND THE OUR CITY ACTUALLY HAS THE HAS THE RIGHT OF FIRST OFFER ON ALL THOSE PROPERTIES. AND SO HAVING MONEY IN A FUND THAT WILL ALLOW US TO ACT QUICKLY. I MEAN, SOME OF THESE THINGS, SOME OF THE. I THINK WE ALL ANTICIPATE SOME OF THESE SCHOOL PROPERTIES ARE GOING TO GO TO. THEY'RE GOING TO HAVE A CLEAR VISION. THEY'RE GOING TO GO TO A DEVELOPER. AND, YOU KNOW, BUT THE QUESTION OF LIKE HOW THE GREEN SPACE GETS CARVED UP, WHETHER WE'RE KEEPING GREEN SPACE, WHETHER WE'RE DOING THE RIGHT COMMUNITY ENGAGEMENT, THOSE ARE THINGS THAT THE CITY DOES REALLY WELL. 
          WE DO REALLY, YOU KNOW, WE DO COMMUNITY ENGAGEMENT IN NEIGHBORHOODS ALL THE TIME ON DISPOSITION OF PROPERTIES. SO I THINK THAT HAVING US AS SORT OF AN INTERMEDIARY OR BEING ABLE TO HOLD PROPERTIES THAT WE THEN ARE ABLE TO DISPOSE OF QUITE QUICKLY, IS SOMETHING WE COULDN'T DO WITHOUT THIS TOOL AND WITHOUT ENOUGH MONEY FOR THIS TOOL TO MAKE IT MAKE SENSE. 
          SO I JUST WANT TO LAY ALL THAT OUT THERE. IT'S GOING TO BE IT'S A TOUGH TOPIC FOR ULTIMATELY COMMISSION WIDE DISCUSSION LATER, BUT I THINK THAT I THINK THERE'S HUGE OPPORTUNITIES FOR US TO REALLY PUT SOME OF OUR PARTICULARLY AFFORDABLE HOUSING WORK ON STEROIDS. COMMISSIONER. THANK YOU. MAYOR, I CONCUR, AND THEN I HAVE A FEW QUESTIONS. MR. SO DO YOU KNOW THE BALANCE OF THE AFFORDABLE HOUSING FUND? TEN I'M GETTING TEN BUT JUST FOR THE PUBLIC, I THINK, RIGHT. THE AVAILABLE BOUNCES AROUND. 11.5 MILLION. OKAY, GREAT. OKAY. AND THEN SO THE CURRENT REQUEST THAT WE HAVE ON THE TABLE IS FROM THE LAND BANK, 5 MILLION FROM LAND BANK, RIGHT? DO I HAVE THAT SWAPPED 5 MILLION FROM LAND BANK AND THEN AROUND TWO FOR THE EMERGING DEVELOPERS. SO THAT WOULD BE SEVEN OF THAT. 11.5. AND THEN FOR THE PUBLIC WHERE DID THAT 11.5 COME FROM? I KNOW IT'S FROM DIFFERENT PROJECTS. WHAT'S THE FUNDING 
          [00:35:03]
SOURCE FOR THAT FUND. SO THE 11.5 MILLION IS ACCUMULATION OF PILOT THAT IS DIRECTED INTO THE AFFORDABLE HOUSING FUND. AND THE SALE BIGGEST CHUNK BY FAR WAS THE SALE OF THE 201 MARKET PROPERTY. THAT WAS ABOUT 9.7 MILLION THAT WAS DEPOSITED IN MAY. YEAH. AND SO DO WE SEE IS THERE ANY WAY TO FORECAST THAT IF WE IF THE BOARD AND THEN ALSO THE DYNAMIC OF THE AFFORDABLE HOUSING FUND BOARD, THEY WOULD MAKE THE DECISION BEFORE THAT COMES. SO THEY WOULD GIVE THE THUMBS UP AND THEN WE WOULD RECOMMENDATION AND THEN WE WOULD APPROVE IT AS A COMMISSION. EXACTLY. CORRECT. SO YES, THIS WAS JUST AN INFORMATIONAL UPDATE ABOUT THE LAND BANK AUTHORITY. BUT YES, THE BOARD STARTED THEIR DELIBERATIONS OF THEIR PRIORITIES AND WHERE THEY WOULD WANT TO SEE THESE FUNDS INVESTED IN SEPTEMBER. AND WE HAVE PLANS FOR THEM TO MEET OCTOBER AND NOVEMBER. DRIVING TOWARDS A DECEMBER DECISION ON SORT OF THE INVESTMENT PORTFOLIO. WONDERFUL. THAT'S GOOD TO HEAR. THAT HELPS REALLY SET THE THE SCENE HERE. AND THEN ALSO, DO WE FORESEE FUTURE SALE TO SORT OF RE GIVE SOME MORE DOLLARS TO THIS. IF WE WERE TO ALLOCATE THE 7 MILLION OUT OF THE. 11.5, IS THERE A MECHANISM TO REPLENISH THAT MONEY THAT WAS TAKEN AWAY? DO WE FORESEE THAT HAPPENING? SO THE STEADY STREAM OF DEPOSITS COMES FROM PILOT THAT HAS AVERAGED BETWEEN 100 AND $200,000 A YEAR. THE BOARD ALSO IS CONSIDERING MECHANISMS TO GROW THE FUND. SO THERE WAS THE CONVERSATION WE HAD WITH THE COMMISSION IN THE FALL ABOUT DOING MORE DUE DILIGENCE ON WHETHER THAT AMOUNT THAT'S IN THAT PREDICTABLE AMOUNT THAT'S IN THE FUND, COULD BE USED TO BACK DEBT ISSUED BY A DIFFERENT PUBLIC ENTITY. AND THEN WHETHER THAT WOULD DEMONSTRATE THE ABILITY TO REALLY AMP UP OR, OR BRING UNITS TO MARKET MORE QUICKLY THAN ANY OF THE OTHER LEVERS SO THAT THERE COULD BE A BROADER POLICY CONVERSATION ABOUT IF THERE WAS MORE INCOME TO BACK THAT KIND OF DEBT. THIS IS THE KIND OF UNIT PRODUCTION WHERE THAT MORE INCOME WOULD COME FROM IS A DIFFERENT QUESTION. COULD BE IT COULD BE A DIFFERENT TAX DECISION MADE AT THE AT THE LOCAL LEVEL, ETC. THERE IS A COMMISSION POLICY THAT SAYS WHEN WE DISPOSE OF CITY PROPERTIES, THAT THERE'S A CONSIDERATION THAT SOME OF THOSE PROCEEDS GO INTO THE AFFORDABLE HOUSING FUND, BUT THAT WOULD BE A PROPERTY BY PROPERTY DECISION ON BEHALF OF THE COMMISSION. AND OFTENTIMES THOSE FUNDS ARE RESTRICTED. SO, FOR EXAMPLE, IF WE'RE SELLING A PROPERTY THAT WAS OWNED BY OR ACQUIRED BY A UTILITY, THE FUNDS NEED TO GO BACK TO THE UTILITY. SO SO THAT WOULD BE A PROPERTY SALE BY PROPERTY SALE CONVERSATION WITH THE COMMISSION IF WE HAVE OTHER ONES COMING FORWARD. YEAH. THANK YOU, MISS BEHRENS. I THINK THAT'S VERY HELPFUL FOR THE PUBLIC AND MYSELF TO UNDERSTAND JUST WHERE THE MONEY IS COMING FROM. WILL IT BE REPLENISHED? AND THEN ALSO SO THAT INSTANTLY MAKES ME THINK OF I THINK THESE ARE REALLY GOOD OPPORTUNITIES. I LOOK FORWARD TO SEEING WHAT THE AFFORDABLE HOUSING FUND FOLKS SAY TO BOTH OF THESE OPPORTUNITIES. I'M SUPPORTIVE OF CONCUR WITH THE MAYOR. AND THEN ALSO BEFORE MY TENURE, I'M. PLEASE CORRECT ME IF I'M WRONG, BUT I THINK WE HAVE THE THREE TOWERS PROJECT. AND WAS THERE MONEY COMING FROM THAT PROJECT? YES, THAT. THANK YOU FOR REMINDING ME, COMMISSIONER. THERE ARE ALSO ANTICIPATED ANNUAL CONTRIBUTIONS TO THE AFFORDABLE HOUSING FUND THAT WOULD COME FROM TRANSFORMATIONAL BROWNFIELD PROJECTS. THE. THE THREE TOWERS IS ONE, AND THE. THE GRANT ACTION IS ANOTHER THAT COULD POTENTIALLY AGAIN BECOME AN ANNUAL INCOME STREAM FOR THE 20 OR 25 YEARS. I'M LOOKING AT THE EVENTUALLY OF THOSE AGREEMENTS, BUT THE THE DEVELOPMENTS WOULD NEED TO COME ONLINE FIRST BEFORE THAT. YEAH. AND SO I'M REALLY LOOKING I THINK LOOKING TOWARDS THE FUTURE, I'M CERTAINLY INTERESTED IN. I'VE STUDIED THIS AROUND NATIONALLY, NATIONALLY, EXCUSE ME, ABOUT COMMUNITY BENEFIT AGREEMENTS. I THINK THIS WOULD BE MAYBE AN INTERESTING PLACE TO ASSESS THOSE. IT SEEMS LIKE WE HAVE SOME SORT OF LOCAL MECHANISMS THAT SORT OF MIRROR WHAT SOME OF OUR NEIGHBORS HAVE BEEN DOING, BUT I THINK I REALLY LIKE THESE TWO OPPORTUNITIES, BUT I ALSO REALLY WANT TO MAKE SURE WE STILL HAVE REVENUE COMING INTO THIS FUND. BUT THANK YOU ALL FOR LAYING THAT OUT AND ANSWERING MY QUESTIONS, I APPRECIATE IT, MAYOR. THANK YOU. YES. AND THEN AND MISS BEHRENS, CAN YOU CLARIFY? I THOUGHT THERE WERE ALSO A FUTURE REVENUE STREAMS THAT WILL COME FROM FUTURE PAYMENTS ON 201 MARKET. NO, SIR. THE THE REMAINING SALE PRICE FOR 201 MARKET IS GOING TO SUPPORT THE THE CONSTRUCTION AT SCRIBNER. RIGHT? RIGHT. YOU'RE RIGHT. THANK YOU COMMISSIONER. THANK YOU. THANKS FOR THIS OVERVIEW. I GOT TO HEAR, YOU KNOW, SOME OF IT AT OUR BROWNFIELD MEETING. 
          I THINK WE PROBABLY DIDN'T GET INTO THE SOME OF THE THE SUPER DEEPER DETAIL. YEAH, I AGREE, I KNOW THIS IS SOMETHING YOU'VE BEEN TALKING ABOUT, MAYOR WITH THE LAND BANK IN TERMS OF THE 
          [00:40:01]
YOU KNOW, WHAT IS THAT ACQUISITION LOOK LIKE? I'D REALLY LIKE US TO CONTINUE TO HAVE THIS BROADER CONVERSATION ABOUT ALL THE MONIES THAT EXIST, WHICH IN THE END DOESN'T SEEM LIKE TOO MUCH, BUT WE'VE GOT THE MONEY IN THE AFFORDABLE HOUSING FUND. WE'VE GOT THE MONEY WITH THE REVOLVING FUND THAT WE HAVE YET TO PUT AN RFP OUT. WE'VE GOT MONEY THAT REPRESENTATIVE GRANT HAS IDENTIFIED THAT WE WANTED TO GO THROUGH HOUSING. RIGHT. AND THEN, YOU KNOW, SOME OF THE CONVERSATION, YOU KNOW, MR. MAYOR AND I HAVE HAD IS JUST EVEN LOOKING AT OTHER FUNDERS OR OTHER ENTITIES AROUND, ESPECIALLY THINGS LIKE ENVIRONMENTAL SITE ASSESSMENTS. IS THERE OTHER WAYS TO PULL OTHER MONEY FROM OTHER SOURCES THAT MAY HAVE GOTTEN THESE DOLLARS TO FUND THINGS LIKE THIS? WE KNOW AND I SEE MARVIN FROM THE URBAN LEAGUE. HEY, MARVIN, YOU KNOW, YOU MENTIONED THE URBAN LEAGUE. SO THE URBAN LEAGUE I KNOW AND THE HISPANIC CENTER BOTH RECEIVED LIKE A 2 MILLION AND A $4 MILLION ALLOCATION FROM THE COUNTY. AND, YOU KNOW, WOULD LOVE TO GET AN UPDATE ABOUT SORT OF WHERE THOSE DOLLARS ARE IN TERMS OF DEPLOYMENT. I THINK A LOT OF THOSE WERE WERE BUSINESS, BUT I BELIEVE BOTH OF THEM ALSO HAD SOME HOUSING COMPONENT. SO I'D LOVE TO TO STILL CONTINUE THIS. 
          WHAT IS THIS STRATEGY CONVERSATION ABOUT? WHERE IS SORT OF ALL THESE MONIES? I THINK, YOU KNOW, I'M NOT ON THE LAND BANK BOARD, BUT I, I WOULD SUPPORT WHAT IS BEING SAID HERE. 
          I THINK THERE ARE OPPORTUNITIES AND PROPERTIES OUT THERE THAT IT'S GOING TO TAKE MORE THAN $100,000. AND SO EITHER YOU ACCELERATE IT BY DOING, YOU KNOW, SORT OF LIKE QUITE A BIT AT THE FRONT END AND THEN ON THE BROWNFIELD, YOU KNOW, THESE ARE THE CONVERSATIONS I'D LOVE FOR US TO BE ABLE TO FULFILL THESE APPLICATIONS. WE I THINK WE KNEW THERE WAS INTEREST, BUT THERE WAS A LOT OF INTEREST. RIGHT. AND SO YOU, YOU, YOU AND THE TEAM HAD TO HAVE THOSE CONVERSATIONS ABOUT AT SOME POINT, WE HAVE TO DRAW THESE LINES IN THE SAND WITH DOLLARS. 
          AND SO I WOULD LOVE TO BE ABLE TO DO THAT. I WOULD I WOULD PROBABLY PRIORITIZE THAT PART. 
          AND THEN THE TECHNICAL ASSISTANCE, I WOULD LIKE TO HAVE A BROADER CONVERSATION ABOUT. YOU MENTIONED THAT EMERGING DEVELOPER COHORT. I THINK THAT WAS SOMETHING THAT SANAA BROUGHT IN, BUT THEN URBAN LEAGUE EXECUTED IT. WHAT YOU KNOW, ADMITTEDLY, I HAVEN'T HEARD VERY MUCH ABOUT IT. AND SO IS IT THE MISSING PIECE? IS IT THE CAPITAL STACK THAT'S MISSING? IS IT THE MENTORSHIP THAT IS MISSING? SO I'D LOVE TO SEE A BROADER, YOU KNOW, TECHNICAL ASSISTANCE SUPPORT THERE. AND WE ALSO KNOW, YOU KNOW, THERE'S GOING TO BE A NEW GOVERNOR NO MATTER WHAT. AND SO WHAT WILL BE THOSE ECONOMIC DEVELOPMENT OPPORTUNITIES? HOW DO WE CONTINUE TO ADVOCATE FOR THE THINGS THAT WE'D LIKE TO SEE? YOU KNOW, I'VE BEEN ADVOCATING FOR, YOU KNOW, WHEN YOU COME FROM MDC, BUT, YOU KNOW, WHEN WE TALK ABOUT SMALL BUSINESS, SOMETIMES WE'RE NOT TALKING ABOUT SOME OF THE DEVELOPERS THAT WE'RE SEEING IN HERE. SO I WOULD ALSO LIKE TO SEE THIS BROADER STRATEGY. I WOULD SUPPORT BOTH OF THESE THINGS. I'D LOVE US TO HAVE SOME DEEPER CONVERSATIONS ABOUT THE TECHNICAL ASSISTANCE, BECAUSE I'D LIKE TO SEE WHO ELSE HAS FUNDING OUT THERE AND HOW DO WE LEVERAGE OUR COLLECTIVE FUNDING. SO THOSE ARE MY THOUGHTS. THANKS. AND I, I KNOW I WANT TO GET US WRAPPED UP, BUT I WILL SAY QUICKLY, I'M GOING TO GIVE YOU A STORY THAT SHOWS THAT I, I KNOW ENOUGH TO BE DANGEROUS. SO, COMMISSIONER, YOUR POINT ABOUT, FOR EXAMPLE, ENVIRONMENTAL THINGS, LAND BANKS BACK WHEN WE HAD A COUNTY LAND BANK. AND ONE OF THE REASONS WE'VE GOT A CITY LAND BANK IS BECAUSE THE COUNTY LAND BANK GOT KILLED. BUT BACK WHEN WE HAD A COUNTY LAND BANK, I, EVERYONE, EVERYONE IN THE COMMUNITY KNOWS I OWN LONG ROAD DISTILLERS OVER. I'M AN INVESTOR IN LONG ROAD DISTILLERS OVER ON LEONARD. AND THAT PROPERTY HAD AN ABANDONED GAS STATION NEXT TO IT, AND THAT THAT ABANDONED GAS STATION HAD BEEN ABANDONED FOR A LONG TIME. AND ANYBODY WHO HASN'T BEEN LIVING UNDER A ROCK KNOWS YOU DON'T JUST TAKE YOU DON'T JUST BUY A GAS STATION FOR FUN. AND SO WE IDENTIFIED LONG ROAD, IDENTIFIED WHO THE OWNER WAS, BUT THEN THEY DIDN'T HAVE ANY THE EXPERTISE AT ALL. MY THE PEOPLE WHO ARE RUNNING THE RUNNING, THE PROCESS. FORMER COMMISSIONER O'CONNOR AND CALVIN STRAIN REALLY DIDN'T HAVE THE SOPHISTICATION TO UNDERSTAND, LIKE, HOW DO YOU DO CLEANUP? HOW DO YOU GET INVOLVED IN HERE? I DON'T KNOW, LIKE HOW, WHAT, WHAT DOES CLEAN LOOK LIKE? HOW CLEAN IS CLEAN? WELL, THE KENT COUNTY LAND BANK ACTUALLY TOOK THAT PROPERTY KNOWING THAT THAT THE DISTILLERY WAS INTERESTED IN DEVELOPING THAT LITTLE CHUNK OF THE WORLD. THEY TOOK THE PROPERTY, THEY GOT MEDC INVOLVED. THEY GOT A WHOLE CLEANUP. THEY TOOK OUT A GAS TANK THE SIZE OF A SMALL OF A WORLD WAR ONE SUB OUT OF THERE. THEY DUG DOWN TO THE WATER LINE, ESSENTIALLY TOOK OUT ALL THE ALL THE DIRT, REPLACED IT ALL WITH CLEAN FILL. AND AT THE END. 
          THEN YOU HAD A NEW PROPERTY ON LEONARD STREET THAT WAS WORTH SOMETHING. WELL, THAT'S NOT SOMETHING. AN AVERAGE EMERGING DEVELOPER, FOR EXAMPLE, IS GOING TO WANT TO TAKE ON, WHICH ESSENTIALLY WAS WHAT LONG ROAD WAS. I MEAN, JOHN AND KYLE WERE EMERGING DEVELOPERS, AND THEY WERE NOT GOING TO TOUCH THAT WITH A POLE. SO A LAND BANK BEING ABLE TO WALK ALONGSIDE SOME OF THOSE OTHER GOVERNMENTAL GOVERNMENTAL AGENCIES IS CRITICAL BECAUSE AS 
          [00:45:03]
I'M HAVING THIS CONVERSATION, I DON'T KNOW WHAT BUDGET IS FOR ENVIRONMENTAL CLEANUP. I DON'T KNOW WHAT THE LANDSCAPE LOOKS LIKE FOR THAT RIGHT NOW. I WALKED BY A PROPERTY ON WEALTHY STREET THE OTHER DAY. IT'S BEEN AN ABANDONED GAS STATION FOREVER. AND I SAID TO MY WIFE, BOY, IT'D BE GREAT IF WE COULD GET THIS ABANDONED GAS STATION. IT'S BASICALLY WEALTHY IN EUREKA. AND IT'S BEEN IT'S BEEN AN ABANDONED GAS STATION FOREVER. WHAT? I WANT TO BUY THAT. NO, I DO NOT WANT TO BUY AN ABANDONED GAS STATION. SO THAT'S SOMETHING WHERE, AGAIN, THE LAND BANK, I THINK IS HANDS DOWN BEST POSITION TO DO SOME KIND OF ACQUISITION AND REMEDIATION. SO IT'S A IT'S A REALLY CRITICAL FUNCTION, PARTLY BECAUSE IT'S A GOVERNMENT ENTITY AND IT CAN PLAY WITH OTHER GOVERNMENT ENTITIES MUCH, MUCH MORE EFFECTIVELY AND WITH MORE SOPHISTICATION BECAUSE IT'S GOT YOU ALL. SO ANYWAY, THANKS, CITY MANAGER, TWO THINGS FOR CLARITY. SO I DID HEAR A REQUEST TO HAVE THE URBAN LEAGUE COME AND SHARE IN A HISPANIC CENTER ABOUT THEIR HOUSING STRATEGY, SO WE CAN MAKE THAT REQUEST AND SEE IF THERE'S AN INTEREST AT A FUTURE MEETING. IF THERE'S NO OBJECTION PLUS ONE, I THINK THAT'D BE GREAT TO HEAR FROM OUR COMMUNITY PARTNERS. OKAY. 
          AND THEN SECONDLY, I DID WANT TO REMIND THIS COMMITTEE OF SOME OF THE WORK THAT WE'VE BEEN DOING WITH THE JOINT LIAISON COMMITTEE, WITH SCHOOL BOARD, AND THEIR DISCUSSIONS ARE INTENDED DISCUSSION AROUND THE NEXT ROUND OF PROPERTY DISPOSAL. AND I'M SURE THIS HAS BEEN THOUGHT ABOUT AT THE LAND BANK. BUT THE CHALLENGE THAT THEY'RE HAVING WITH SOME OF THOSE PROPERTIES IS NOT JUST THE OWNERSHIP, BUT IT'S THE MAINTENANCE OF IT. SO IF THERE'S NOT A PLAN IN PLACE TO QUICKLY DEVELOP THOSE PROPERTIES, ACQUIRING IF THE CITY WERE TO SHOW INTEREST, ACQUIRING IT WOULD REQUIRE THAT WE WOULD ALSO INCUR THOSE COSTS ASSOCIATED WITH MAINTENANCE AND UTILITIES AND ALL THE THINGS THAT ARE CHALLENGING TO THEM. 
          SO I SAY THAT BECAUSE THAT MAKES $5 MILLION, NOT $5 MILLION FOR REAL DEVELOPMENT IF YOU'RE SITTING ON PROPERTY. SO I THINK AT OUR NEXT JOINT LIAISON COMMITTEE MEETING, WE SHOULD PROBABLY HAVE A DISCUSSION WITH THE SCHOOL DISTRICT ABOUT THEIR INTENDED PLANS FOR DEVELOPMENT ON THE NEXT ROUND OF PROPERTIES. I SEE. OKAY, WAS THAT WE LUMP THOSE 
          [3.  Director’s Report (no memorandum)]
TWO TOGETHER? YEAH. MISS ROMERO, KIND OF A SEGUE FROM COMMISSIONER STACY'S QUESTIONS ALSO JUST HAS A QUICK UPDATE ON THE REVOLVING LOAN FUND. CITY'S THIRD WARD EQUITY IDEA, AND THE RECENT STATE EARMARK. SO I'M GOING TO TURN IT OVER TO HER FOR THAT. GREAT. THANK YOU. SO THE REP GRANT MONEY THAT YOU REFERENCED, COMMISSIONER, IS A BUSINESS CORRIDOR REVITALIZATION RLF THAT MILLION DOLLARS HAS BEEN SUGGESTED TO BE COMBINED WITH THE THIRD WARD EQUITY FUND FISCAL YEAR 25, 425,000 LINE ITEM FOR SMALL BUSINESSES, WHICH WE WERE WORKING TOWARDS PROVIDING MICRO LOANS TO SMALL BUSINESSES FOR IMPROVING SPACE TO THE BUSINESS AS WELL AS EXPANSION. SO THINK WORKING CAPITAL, LEASEHOLD IMPROVEMENTS, ETC. YOU KNOW, GOING FROM 425,000 TO 1.4 IS AWESOME AND A GREAT ADDITION TO THE TOOL KIT FOR OUR CORRIDORS. 
          SO EXCITED TO SEE WHERE THIS GOES. COMBINING THE DOLLARS CHANGES THE MONEY'S FOCUS AWAY FROM SMALL BUSINESS, RIGHT TO NOW ASSIST COMMERCIAL PROPERTY OWNERS WITH IMPROVEMENTS AND REDEVELOPMENT OF BUILDINGS, POTENTIALLY TO REVITALIZE BUSINESS CORRIDORS. THIS CHANGE IN FOCUS CHANGES THE APPROACH ON HOW WE SEEK, ULTIMATELY, A PARTNER THROUGH AN RFP TO HELP US ADMINISTER THOSE SERVICES OR ADMINISTER THAT RLF, AND IT WILL TAKE TIME TO EVALUATE HOW IT BEST TO PUT THOSE SERVICES OUT THERE FOR AN RFP FOR THAT UNDERWRITING APPROACH, AS AN UNDERWRITING APPROACH FOR A SMALL BUSINESS EVALUATION IS QUITE DIFFERENT THAN REDEVELOPMENT. THE MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY AND THE ECONOMIC DEVELOPMENT CORPORATION, SPECIFIC TO THE 425,000 WOULD. WE'RE. WE'RE WORKING TO SLIGHTLY TWEAK JUST GIVEN THE CHANGE. AND THEN AT THE SAME TIME, WE'RE LOOKING FOR UPDATES TO THE RFP FROM A SKILL SET PERSPECTIVE, FROM A SCOPE PERSPECTIVE, IN ORDER TO REFINE THAT FROM AN UNDERWRITING PERSPECTIVE. SO I JUST WANTED TO MAKE SURE YOU KNEW THAT. 
          OKAY. ANY QUESTIONS? I'LL JUST ADD THE SAME THING THAT CITY MANAGER SAID. SO IT'S 1.4. I'M GOING TO GUESS WE WE PROBABLY WOULD WANT TO PUT SOMETHING ASIDE FOR LIKE A LOAN LOSS RESERVE FOR THOSE LOANS. SO MAYBE 10 TO 15%, 15% IS LIKE TO IS PROBABLY MAYBE TOO HIGH. SO MAYBE SOMEWHERE IN BETWEEN. SO OKAY. COMMISSIONER MAYOR, AND THANK YOU, COMMISSIONER. IT'S ALWAYS NICE TO HAVE. COMMISSIONER. RESOURCES, EXPERTISE. IT'S NICE WHEN OUR BACKGROUNDS CAN SHINE. IT'S VERY HELPFUL. PLUS ONE. AND I WILL CONTINUE TO LEAN ON HER 
          [00:50:06]
TECHNICAL BACKGROUND WITH THIS STUFF I DO. I'M VERY EXCITED TO HEAR ABOUT US HAVING A USE FOR THIS. AS MISS BARON BARON SAID MULTIPLE TIMES, YOU KNOW, THE COLOR OF MONEY CHANGED AND THIS IS JUST SORT OF BEEN, FOR LACK OF BETTER WORDS, SITTING THERE. SO IT'S REALLY NICE TO SEE THIS INNOVATIVE APPROACH. MY QUESTION IS, SINCE IT IS NOW STATE DOLLARS IN CONCERT WITH THIRD WORLD EQUITY FUND DOLLARS. SO IS THIS STILL REGION SPECIFIC FOR THE THIRD WARD WITH THIS NEW THIS THIS NEW PROJECT THAT WE'RE DOING NOW? YEAH. THE MEMORANDUM OF UNDERSTANDING SPEAKS TO THE SPIRIT OF THE FOCUS OF THE THIRD WARD, BUT DOES NOT SPECIFICALLY DRIVE THAT DISTRICT DELINEATION. GOTCHA. AND SO THAT'S STILL LAWFUL WITH HOW WE HAVE THE THAT'S OKAY WITH HOW WE ARE LOOKING AT IT. I WAS JUST GOING TO SAY BECAUSE I'M LIKE, THAT'S, THAT'S A CHALLENGE. SO IF YOU COULD KEEP COMMISSIONER PERDUE AND I IN THE LOOP FOR THAT, AND I THINK IT'LL BE GOOD FOR COMMUNITY BECAUSE IT'S, IT'S NEW. THAT SOUNDS GREAT, BUT I WILL CERTAINLY BE INTERESTED IN HEARING HOW THAT SHAKES OUT LAW WISE. THANK YOU FOR THAT UPDATE. YEAH. OKAY. DEVELOPMENT CENTER. ALL RIGHT. THANK YOU, MAYOR, 
          [4.  Development Center Report - September 2026]
COMMISSIONERS AND CITY MANAGER PRESENT THE MONTHLY ECONOMIC DEVELOPMENT PROJECT TEAM DEVELOPMENT CENTER REPORT FOR YOU TODAY. A COUPLE PROJECTS I WANTED TO HIGHLIGHT. WE JUST RELEASED PERMITS. I DON'T SEE THE FULL DOCUMENT PACKAGE HERE. IT'S OKAY. I CAN DO IT VERBALLY. 
          THE PEDESTRIAN BRIDGE THAT'S GOING TO CONNECT THE YMCA AND THE GVSU PARKING LOT WAS APPROVED LAST MONTH AND IS SLATED TO BEGIN CONSTRUCTION. WE'VE ALSO APPROVED 52 NEW UNITS IN THE UNION SUITES PROJECT ON COIT AVENUE AND OF COURSE, THE LEDYARD BUILDING RENOVATIONS THAT ALSO WILL ADD ANOTHER 40 NEW UNITS TO THE COMMUNITY. I JUST WANTED TO HIGHLIGHT THAT OUR REVIEW TIMELINES FOR WHEN WE GET APPLICATIONS IN AND THE APPLICATIONS ARE IN OUR HANDS FOR REVIEW, WE'RE STAYING PRETTY CLOSE TO FIVE DAYS FOR LUDS AND RESIDENTIAL BUILDING PERMITS, WHICH IS OUR TARGET GOAL FOR THOSE. COMMERCIAL IS A LITTLE CLOSER TO EIGHT DAYS RIGHT NOW FOR TURNAROUND ON REVIEW NOTES, LARGELY DUE TO DELAYS IN OUR MECHANICAL PLAN REVIEW PROGRAM. WE ARE MAKING IMPROVEMENTS ON THAT FRONT. 
          WE'VE HIRED A FORMER MECHANICAL INSPECTOR ON THE 700, OUR CLUB PROGRAM, WHO'S MAKING GREAT LEEWAY ON GETTING THAT DOWN. SO IN ADDITION TO THAT, WE CONTINUE TO MONITOR OUR INSPECTION SERVICES, BUILDING PLUMBING, ELECTRICAL AND FIRE ALL WITHIN A DAY OR TWO OF REQUESTS. SO THAT'S EXACTLY WHERE WE WOULD WANT THAT TO BE. MECHANICAL IS STILL ABOUT FOUR WEEKS OUT, BUT WE WORK ON ACCOMMODATING PEOPLE AS BEST WE CAN WITH SQUEEZING PEOPLE IN IF OUR INSPECTORS ARE IN THE AREA, AND ALSO LEVERAGING PARTNERSHIPS WITH KENTWOOD AND SAFE BELT SUBCONTRACTOR THAT WE'RE PARTNERING WITH. SO WITH THAT, I'LL OPEN UP TO ANY QUESTIONS. WELL, THANKS FOR THE WARNING ON MECHANICAL. AND YEAH, I WILL SAY ON FIRSTHAND EXPERIENCE, I THINK I SAID BEFORE THE MEETING, I SHARED WITH YOU THAT I HAD A ROUGH AND PLUMBING INSPECTION AND DIDN'T EVEN KNOW HE WAS THERE AND HAPPENED VERY QUICKLY. SO EVERYTHING, EVERYTHING EXCEPT FOR THAT ONE GLITCH SEEMS TO BE WORKING WELL. SO THAT'S GREAT TO HEAR. OKAY, WELL, THANKS FOR THE UPDATE AND THANKS FOR KEEPING ON IT. OBVIOUSLY WE GOT TO DO WHAT WE CAN ON THE MECHANICAL FRONT. AND YOU KNOW, WE HAVE CONTINUING STATE LEVEL ADVOCACY. WE GOT TO DO THERE TO MAKE SURE THAT THE STATE ACTUALLY TAKES ACTION ON MAKING IT EASIER FOR US TO HIRE THOSE FOLKS WOULD BE WONDERFUL. YEP. OKAY. THANKS SO MUCH. AND I'LL
* This transcript was compiled from uncorrected Closed Captioning.