Jun 17, 2025 Labor and Economic Development Committee

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WE MAKE VERY. YOU KNOW. I. THIS WAY, I. DIDN'T SAY. THAT. YOU KNOW WHAT? YOU'RE OUT THERE. SO YOU GET IT BACK. YOU.

KNOW. WHATEVER. YEAH. WE'RE HERE. AND I THINK. YEAH. I AM A GUILTY. GUILTY AS CHARGED. YOU KNOW, I. TESTING ONE, TWO. THREE. THE START LIVE STREAMING. YEAH.

METRO TV. CAN YOU PLEASE CHANGE THE LIVE MEETING TO OUR LABOR AND ECONOMIC DEVELOPMENT? METRO TV WILL BE BLASTING OFF IN 94 SECONDS.

[Call to Order]

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[Roll Call]

IT IS 305 AND I AM BEN WEBER, COMMITTEE CHAIR. THIS MEETING IS BEING HELD PURSUANT TO KRS 61826 AND COUNCIL RULE 5AI AM JOINED BY COUNCILMAN BATSHON, COUNCILMAN BENSON. COUNCILWOMAN PURVIS, COUNCILMAN OWEN, COUNCILMAN HERNDON AND ONLINE. WE HAVE THE DOCTOR, COUNCILWOMAN PAULA MCCRANEY. AND COUNCILMAN SEIM WHO IS HIDING IN THE CORNER. ALL RIGHT, FIRST ITEM ON

[1. R-047-25     A RESOLUTION PURSUANT TO THE CAPITAL AND OPERATING BUDGET ORDINANCES APPROVING THE APPROPRIATION TO FUND THE FOLLOWING SOLE SOURCE CONTRACT FOR THE ZOO CONCERNING PARTS, MAINTENANCE, REPAIR AND SERVICE FOR THE ZOO’S ANTIQUE CONSERVATION CAROUSEL – (CAROUSELS AND CARVINGS, INC. - $200,000.00). Action Required By: November 15, 2025 Sponsors: Josie Raymond (D-10) ]

[5. R-068-25     A RESOLUTION PURSUANT TO THE CAPITAL AND OPERATING BUDGET ORDINANCES APPROVING THE APPROPRIATION TO FUND THE FOLLOWING NONCOMPETITIVELY NEGOTIATED PROFESSIONAL SERVICE CONTRACT FOR THE LOUISVILLE ZOOLOGICAL GARDENS FOR ITS MENTOR/INTERNSHIP PROGRAM FOR JEFFERSON COMMUNITY TECHNICAL COLLEGE STUDENTS – (JEFFERSON COMMUNITY AND TECHNICAL COLLEGE - $140,000.00). Action Required By: December 12, 2025 Sponsors: Josie Raymond (D-10) ]

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CHAIR, I JUST HAD A QUICK, QUICK QUESTION. IT'S A REALLY, REALLY COOL PROGRAM. I DIDN'T REALLY KNOW ABOUT IT. HOW HOW MANY STUDENTS DO YOU GENERALLY HAVE IN EACH CLASS OR IN EACH YEAR? IT VARIES. I THINK USUALLY THE TOP NUMBER WILL GET OVER A COURSE OF, YOU KNOW, A SCHOOL YEAR WOULD BE ABOUT TEN. AND JUST DEPENDING ON THEIR THEIR PROGRAM AND THEIR SCHEDULE IS WHEN THEY'RE OUT ABLE TO WORK AT THE ZOO. THAT'S GREAT. SOUNDS LIKE A GREAT PROGRAM. THANK YOU, THANK YOU. IS THERE ANY FURTHER DISCUSSION, MR. CHAIRMAN? COUNCILMAN DOCTOR. THANK YOU. I WOULD LIKE TO KNOW, HOW DID THE PARTNERSHIP WITH GTC START? AND DO YOU COLLABORATE WITH ANY OTHER SCHOOLS IN TOWN? I CANNOT GIVE YOU THAT BACKGROUND ON HOW THIS ORIGINALLY CAME TO BE. IT PREDATES MY TIME. BUT WE CAN CERTAINLY I CAN GET YOU IN CONTACT WITH STEVE TAYLOR, WHO'S OUR OTHER ASSISTANT DIRECTOR OF CONSERVATION, EDUCATION AND COLLECTIONS AND WHO WAS THERE WHEN THIS PARTNERSHIP STARTED AND HAS WORKED WITH THEM CERTAINLY A LOT LONGER THAN I HAVE. WE DO HAVE OTHER PROGRAMS. NOT ONE IS HANDS ON AS THIS WITH ANOTHER COLLEGE OR UNIVERSITY LOCALLY, NOT TO MY KNOWLEDGE, BUT WE'RE CONSTANTLY PARTNERING WITH UNIVERSITY OF LOUISVILLE, BELLARMINE OR OTHER AREA SCHOOLS CENTER COLLEGE JUST ON DIFFERENT CONSERVATION EFFORTS OR RESEARCH PROGRAMS THAT WE CAN. WE'RE PARTNERING WITH. OKAY. IT'S NOT NECESSARY FOR YOU TO PUT ME IN CONTACT, BUT IF YOU COULD HAVE SOMEONE JUST SEND ME SOME INFORMATION, I WOULD LOVE THAT.

NOT A PROBLEM. WE CAN CERTAINLY DO THAT. THANK YOU. ANY FURTHER DISCUSSION? SEEING NONE. THIS IS AN ITEM THAT REQUIRES A VOICE VOTE. ALL THOSE IN FAVOR, PLEASE SIGNIFY BY SAYING AYE. AYE.

THOSE OPPOSED? ALL RIGHT. BY UNANIMOUS APPROVAL, THIS ITEM WILL BE SENT TO THE CONSENT CALENDAR. THANK YOU VERY MUCH. THANK YOU. AND WE APPRECIATE YOUR PRESENCE HERE. THANK YOU.

ALL RIGHT. MADAM CLERK, WILL YOU PLEASE READ ITEM TWO, ITEM TWO, RESOLUTION APPROVING THE

[2. R-059-25     A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO eBLU SOLUTIONS, INC. AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32. Action Required By: November 15, 2025 Sponsors: Ben Reno-Weber (D-8) ]

THIS IS A RESOLUTION REQUIRING A VOICE VOTE. ALL THOSE IN FAVOR, PLEASE SIGNIFY BY SAYING AYE.

AYE. THOSE OPPOSED BY UNANIMOUS APPROVAL OF THIS COMMITTEE. THIS ITEM WILL BE SENT TO THE CONSENT

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[3. R-061-25     A RESOLUTION AUTHORIZING THE MAYOR TO ACCEPT $21,000 OF FUNDING FROM KENTUCKY DEPARTMENT FOR LIBRARIES AND ARCHIVES TO BE ADMINISTERED BY THE OFFICE OF RECORDS COMPLIANCE. Action Required By: December 12, 2025 Sponsors: Andrew Owen (D-9) ]

THEY WERE DAMAGED BACK IN 2000. THERE WAS A FLOOD AT MEMORIAL AUDITORIUM. AND WE DON'T WANT MOLD IN THE ARCHIVES AS IT CAN INFECT THE OTHER RECORDS. AND THIS WILL REPAIR TWO BOOKS.

EXCELLENT. IS THERE ANY DISCUSSION? SEEING NONE. WE ARE ALL UNANIMOUSLY AGAINST MOLD.

THIS IS AN ITEM REQUIRING A VOICE VOTE. ALL THOSE IN FAVOR, PLEASE SIGNIFY BY SAYING AYE.

AYE. ALL THOSE OPPOSED, PLEASE SAY YUCK. SEEING NONE, THIS IS AN ITEM. WE'LL MOVE ON TO THE CONSENT CALENDAR BY UNANIMOUS APPROVAL OF THIS COMMITTEE. THE NEXT ITEM ON THE AGENDA IS ITEM

[4. R-065-25     A RESOLUTION PURSUANT TO THE CAPITAL AND OPERATING BUDGET ORDINANCES APPROVING THE APPROPRIATION TO FUND THE FOLLOWING SOLE SOURCE CONTRACT FOR PUBLIC WORKS AND ASSETS CONCERNING SPLIT BASES FOR LARGE, DECORATIVE LIGHT POLES LOCATED THROUGHOUT LOUISVILLE METRO CENTRAL BUSINESS DISTRICT – (VISCO, INC. - $85,000.00). Action Required By: December 12, 2025 Sponsors: Ken Herndon (D-4) ]

EXCELLENT. COUNCILMAN HERNDON THANK YOU, SIR. THIS IS IN MY DISTRICT. AND THESE THESE HAVE BEEN MISSING FOR A LONG TIME. WE'VE LOOKED AT OTHER OPTIONS. WHEN I WAS LOOKING AT THE DOWNTOWN PARTNERSHIP, WE ATTEMPTED TO DO A 3D VERSION, I BELIEVE AT U OF L, NOTHING HAS WORKED AND THESE HAVE BEEN MISSING FOR QUITE A LONG TIME. IF YOU HAPPEN TO SEE SOME PLASTIC GARBAGE CANS TURNED OVER AROUND THE BASE OF POLES AND PAINTED BLACK, THEY'VE BEEN THERE FOR QUITE A WHILE DOWNTOWN, SO THIS WILL IMPROVE THAT IMMENSELY. I FULLY SUPPORT GETTING THIS REPLACED. FINALLY. EXCELLENT COUNCILMAN. THANK YOU. I THINK COUNCILMAN HERNDON KIND OF ANSWERED. WHAT I WAS GOING TO ASK IS, THOUGH THERE'S NO OTHER COMPANIES THAT CAN DO LIGHT POLES AT A THERE'S OTHER COMPANIES THAT DO SIMILAR PRODUCTS, BUT THE BASES THEMSELVES ARE UNIQUE TO, TO THESE POLES. IF WE WERE TO TRY TO REPLACE WITH A DIFFERENT PRODUCT, WE WOULD HAVE TO REPLACE THE ENTIRE INFRASTRUCTURE AT THE INTERSECTION. SO OUR MOST COST EFFECTIVE WAY TO CONTINUE IS JUST TO GET THESE REPLACEMENT BASES. AND WHAT'S OUT OF CURIOSITY, WHAT'S ONE OF THESE ONE BASE REPLACEMENT COST? DEPENDING ON THE STYLE, IT CAN BE ANYTHING FROM ABOUT, I THINK 12 TO 12 TO 1200 TO $3000 PER BASE. THANK YOU FOR YOUR TIME. NO PROBLEM. THANK YOU FOR ALL OF THE ENTREPRENEURS WHO ARE RAPTLY WATCHING METRO TV. THIS IS EXACTLY THE KIND OF OPPORTUNITY THAT EXISTS IN OUR ECONOMY RIGHT NOW TO BUILD SPECIALIZED THINGS. WE WOULD LOVE TO SEE MORE COMPANIES LIKE THIS IN LOUISVILLE. ANY FURTHER DISCUSSION? COUNCILMAN NOLAN? JUST USING SIMPLE MATH. THEN IF THERE ARE 1200 TO 3000, IF WE'RE ASKING FOR 85,000, THEN WE'VE GOT SOMEWHERE IN THE NEIGHBORHOOD OF 20 ISH. OF THESE, WE HAVE 30 TOTAL THAT NEED TO BE REPLACED. YES. AND THAT WILL REPLACE ALL THE ONES THAT ARE MISSING AND GET US TO WHERE WE NEED TO BE. RIGHT, COUNCILMAN HARRINGTON? I HOPE SO, ALTHOUGH THEY'RE ON, THEY'RE ON THE LARGE CORNER POLES, SO THEY GET HIT A LOT. AND THAT'S THE PROBLEM. THE CORNER THINGS ON THE CORNERS ARE VULNERABLE TO EVERYTHING. SO THAT'S WHY THEY'VE BEEN HIT THAT MUCH AND MISSING THAT MANY. SO IS THAT GOING TO IS THAT GOING TO GET US TO THE FULL CORRECT. YES. THEY WILL GET ALL OF THEM REPLACED AND HOPEFULLY AFFORD US A COUPLE OF EXTRAS FOR INCIDENTS SUCH AS SAME THING WITH GARBAGE CANS THAT ARE CLOSE TO THE CORNERS. THEY THEY SOMETIMES DON'T LAST VERY LONG. SO THAT WAS MY FOLLOW

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APPRECIATE YOUR TIME. WE DID. ITEM FIVE. NEXT ITEM ON THE AGENDA IS ITEM SIX, MADAM CLERK.

[6. R-069-25     A RESOLUTION PURSUANT TO THE CAPITAL AND OPERATING BUDGET ORDINANCES APPROVING THE APPROPRIATION TO FUND THE FOLLOWING SOLE SOURCE CONTRACT FOR LOUISVILLE METRO REVENUE COMMISSION FOR TAX PROCESSING SERVICES (FAST ENTERPRISES, LLC. - $2,209,060.00). Action Required By: December 12, 2025 Sponsors: Brent Ackerson (D-26) ]

CHAIR. SO AT ONE OF THE BUDGET HEARINGS THE OTHER DAY, SOMEBODY ASKED A SPECIFIC QUESTION ABOUT DO YOU HAVE PEOPLE AT OMB OR SOMEWHERE ELSE WITHIN METRO GOVERNMENT WHO ARE KIND OF LOOKING AT ALL OF OUR SOFTWARE CONTRACTS AND DETERMINING, YOU KNOW, CAN YOU AND THEY THEY EXPLAINED THAT THEY, IN FACT, DO HAVE PEOPLE THAT DO THAT. CAN YOU JUST TALK TO THAT A LITTLE BIT? BECAUSE I THINK IT'S IMPORTANT FOR PEOPLE TO HEAR THAT. WE DO HAVE PEOPLE THAT ARE LOOKING AT THESE CONTRACTS AND MAKING SURE WE'RE GETTING THE BEST BANG FOR OUR BUCK.

ABSOLUTELY. YOU KNOW, THROUGH THE NEGOTIATION PHASE OF THIS CONTRACT WITH FAST ENTERPRISES, OUR SUBJECT MATTER EXPERTS AT THE REVENUE COMMISSION, THOSE WHO WORK IN THE SYSTEM DAILY UNDERSTAND THE REQUIREMENTS OF PUB 1075, AND THE OPERATIONAL NEEDS OF THE AGENCY WERE INVOLVED IN REVIEWING THAT CONTRACT, ALONG WITH THOSE THAT MTS METRO TECHNOLOGY SERVICES ALWAYS AVAILS ITSELF TO ANY QUESTIONS THAT WE MAY HAVE IN TERMS OF, YOU KNOW, THINGS THAT ARE INCLUDED IN THE CONTRACT. THEN ALSO WE ALWAYS HAVE THAT LEGAL REVIEW AS WELL. SO THERE'S A WHOLE HOST OF INDIVIDUALS THAT REVIEW THIS CONTRACT, ALONG WITH OTHER SOFTWARE CONTRACTS THAT ARE OUT THERE. THANK YOU. I JUST WANTED TO MAKE SURE PEOPLE KNEW THAT WE DO HAVE PEOPLE WHO ARE LOOKING AT THESE THINGS AND THAT WE'RE NOT ASLEEP AT THE WHEEL WHEN IT COMES TO SIGNING THESE CONTRACTS. ABSOLUTELY. THANK YOU. ANY FURTHER DISCUSSION? AGAIN, A CALL OUT TO ANY OF THE ENTREPRENEURS WATCHING THIS RAPTLY AT HOME. WOW. THE ONLY PEOPLE ABLE TO MAINTAIN THIS CONTRACT. WOULDN'T IT BE NEAT FOR SOMEBODY LOCAL TO LEVERAGE SOME I DON'T KNOW I AND FIGURE OUT HOW TO COME IN BELOW $2 MILLION. I FEEL LIKE SOMEBODY IN LOUISVILLE SHOULD FIGURE THIS OUT. ANY FURTHER DISCUSSION? SEEING NONE. THIS IS AN ITEM THAT REQUIRES A VOICE VOTE. ALL THOSE IN FAVOR, PLEASE SIGNIFY BY SAYING AYE. THOSE OPPOSED SEEING NONE. THIS WILL MOVE ON TO THE CONSENT CALENDAR. THANK YOU, THANK YOU. MADAM CHAIR OR MADAM CLERK. THE NEXT ITEM ON THE AGENDA IS ITEM NUMBER EIGHT. OH SEVEN. SORRY. A RESOLUTION PURSUANT TO THE

[7. R-070-25     A RESOLUTION PURSUANT TO THE CAPITAL AND OPERATING BUDGET ORDINANCES APPROVING THE APPROPRIATION TO FUND THE FOLLOWING SOLE SOURCE CONTRACT FOR THE OFFICE OF MANAGEMENT AND BUDGET (“OMB”) FOR CONSULTING SERVICES TO ASSIST ANALYZING AND REPORTING COSTS (PUBLIC CONSULTING GROUP LLC. - $360,000.00). Action Required By: December 12, 2025 Sponsors: Brent Ackerson (D-26) ]

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RIGHT IN FULL. SECOND. MOVED AND SECONDED. MADAM DUNN, THE FLOOR IS YOURS. THANK YOU. SO THE CONTRACT WITH PUBLIC CONSULTING GROUP. THIS CONTRACT WILL WORK WITH METRO GOVERNMENT TO HELP US START UP OUR PARTICIPATION IN THE ASP, WHICH IS A MEDICAID SUPPLEMENTAL FUNDING PROGRAM. I SEE YOU SMILING, CHAIR. I FIGURED YOU MIGHT LIKE THIS FOR PUBLIC GROUND AMBULANCE PROVIDERS IN KENTUCKY, TRADITIONAL MEDICAID PAYMENTS OFTEN FALL SHORT OF COVERING THE TRUE COST OF EMERGENCY TRANSPORT. AND THEREFORE THIS PROGRAM. AND THAT'S OFTEN COVERING LESS THAN 30%. ASP ADDRESSES THIS BY OFFERING A COST BASED REIMBURSEMENT USING LOCAL FUNDS MATCHED WITH FEDERAL DOLLARS. IT DOES NOT REPLACE OR REDUCE FUNDING FROM HOUSE BILL EIGHT, WHICH IS THE AMBULANCE PROVIDER ASSESSMENT PROGRAM. AND THIS IS A FAIRLY NEW PROGRAM THAT WAS MADE AVAILABLE TO METRO IN MARCH OF 2025. THE KENTUCKY GENERAL ASSEMBLY PASSED HOUSE BILL 152, WHICH, AMONG OTHER THINGS, EXPANDED THE ELIGIBILITY TO INCLUDE CONSOLIDATED LOCAL GOVERNMENTS, WHICH IS METRO. SO THAT'S WHY THIS IS A BRAND NEW OPPORTUNITY FOR US. I'M ALWAYS IN FAVOR OF US FIGURING OUT HOW TO LEVERAGE MEDICAID FUNDING. CAN YOU SPEAK TO WHY THIS IS A SOLE SOURCE? THE PUBLIC CONSULTING GROUP IS THEY OFFER AS THIS IS A STARTUP FOR US AND AS WE ARE TRYING TO GET OFF THE GROUND AND LEARN MORE ABOUT THIS PROGRAM, PUBLIC CONSULTING GROUP CAN ACTUALLY PROVIDE A FULL SCALE OF SERVICES TO US. IF WE'RE LOOKING FOR WHICH ONE OF THESE DAYS WE MAY BE ABLE TO SCALE DOWN. BUT AT THIS POINT IN TIME, WHAT WE NEED WAS A PARTNER THAT WOULD HELP US WITH MULTIPLE, I GUESS, FUNCTIONS OF GETTING THIS UP AND OFF THE GROUND. AND THAT WOULD INCLUDE THEY PROVIDE A COST REPORTING EXPERTISE THAT WE'RE NOT YET FAMILIAR WITH IN TERMS OF WORKING IN THIS PROGRAM. THEY'LL PROVIDE US A COMPARATIVE ANALYSIS. WE'LL IDENTIFY SIGNIFICANT TRENDS IN THE BILLING AND THE FINANCIAL DATA.

THEY CAN OFFER AN ONLINE EMS COST REPORTING SYSTEM. THEY ALSO PREPARE OR PROVIDE SOME QUALITY CONTROL REVIEWS THAT WE'RE NOT YET FAMILIAR WITH, AND IT WILL ENSURE COMPLIANCE WITH THE PROGRAMMATIC REGULATIONS. THEY CAN ALSO OFFER COMPREHENSIVE PRE AND POST PAYMENT AUDIT SUPPORT.

SO TO ENSURE THAT WE'RE GETTING THE OUR REIMBURSEMENT THAT WE ARE ENTITLED TO GET. I LOVE ALL OF THOSE THINGS. MUSIC TO MY EARS, BUT I WHY WOULD WE DO THIS AS A SOLE SOURCE AND NOT AN RFP? WELL, TO MY KNOWLEDGE, THIS IS THE ONLY THE ONLY COMPANY THAT CURRENTLY OFFERS THAT FULL SCALE. THERE MAY BE OTHER COMPANIES THAT OFFER PIECES OF IT, BUT AT THIS POINT IN TIME, THIS IS THE COMPANY WE'RE FAMILIAR WITH THAT OFFERS THIS ON A FULL SCALE BASIS, CERTAINLY SOMETHING WE CAN COME BACK AND REVISIT IN A PRIOR YEAR. THERE'S ALSO A SENSE OF URGENCY. WE NEED TO GET THIS UP AND RUNNING SO WE CAN BEGIN JULY 1ST. AND AFTER WE'VE HAD AN OPPORTUNITY TO WORK WITH THE PROGRAM FOR A YEAR, WE WOULD CERTAINLY REEVALUATE WHETHER OR NOT IT NEEDS TO CONTINUE TO STAY A SOLE SOURCE. OKAY. I WOULD JUST LIKE TO HIGHLY ENCOURAGE US TO BE USING AN RFP PROCESS FOR ANY KIND OF CONTRACT OF THIS SIZE, EVEN IF THE COMPANIES THAT WE CAN IDENTIFY ARE THE ONLY ONES THAT SHOULD COME OUT IN AN RFP PROCESS. AND I THINK THAT'S SOMETHING THAT THAT GENERALLY IS GOOD PRACTICE. YOU GENERALLY AGREE WITH THAT? ABSOLUTELY. I THINK IF WHAT YOU'RE SAYING IS THAT THERE'S A TIME URGENCY ON THIS AND THAT THAT'S THE REASON TO DO THE COMPANY THAT WE'RE FAMILIAR WITH. FINE. BUT GENERALLY, I THINK IT'S BETTER FOR US TO SPEND THOSE EXTRA COUPLE OF WEEKS AND BE SURE THAT WE ARE BEING THE RESPONSIBLE STEWARDS OF THE PUBLIC DOLLARS THAT WE GENERALLY ARE. ABSOLUTELY. COUNCILMAN VACHON, AS I TOTALLY AGREE WITH YOU, MR. CHAIR, WOULD IT BE WISE FOR US TO POSSIBLY PUT SOME TYPE OF SUNLIGHT DATE ON THIS AS IT NEEDS TO COME BACK FOR RFP APPROVAL OR OR SOMETHING? THIS IS IT'S A ONE YEAR CONTRACT. YEAH. SO, SO AS IT'S A ONE YEAR CONTRACT. SO JANUARY OF 26 WE'VE GOT THIS BEFORE OUR COMMITTEE SAYING HEY THEY'RE GOING TO PUT OUT THIS RFP. CAN WE APPROVE THAT. THAT RFP GOES OUT AND THEN RFP GOES OUT FOR THE NEXT BUDGET CYCLE. SO ON I. ARE YOU COMFORTABLE WITH THAT? I DON'T HAVE ANY CONCERNS WITH THAT. I MEAN, WE INTEND TO REEVALUATE, YOU KNOW, ONCE WE'VE HAD AN OPPORTUNITY TO WORK IN THE PROGRAM AND UNDERSTAND, YOU KNOW, EXACTLY HOW IT WORKS AND UNDERSTAND OUR NEEDS AS WELL. SO WE INTENDED TO REVISIT THIS.

EXCELLENT. WELL, LET'S LET'S PLAN FOR JANUARY OF 26. THAT WILL I THINK FOR THOSE OF US WHO ARE INTERESTED IN OUR CITY'S CONTINUAL LEVERAGING OF THESE RESOURCES, WE'D LOVE TO SEE THE RESULTS OF THIS. IN ANY CASE. SURE. THANK YOU. JANUARY 26TH. EXCELLENT, COUNCILMAN BASS. I

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MISS DON, I WANTED TO ASK, IS THERE A CONSULTANT CURRENTLY FULFILLING THIS ROLE RIGHT NOW? THEY WE HAVE BEEN WORKING WITH THEM JUST FROM A PERSPECTIVE OF PROVIDING DATA TO THEM AND THEN PROVIDING US SOME ESTIMATE OF WHAT WE COULD IF WE ENTERED A CONTRACT WITH THEM, WHAT THEY BELIEVE WE COULD GAIN FROM THIS CONTRACT. SO THERE'S NO CONTRACT IN PLACE RIGHT NOW. THEY'VE JUST BEEN A PARTNER WITH US, HELPING US EVALUATE WHETHER OR NOT THIS WOULD BE A GOOD PROGRAM FOR US TO PARTICIPATE IN. OKAY, BECAUSE I AM CONCERNED ABOUT IT NOT GOING OUT ON ON THE MARKET FOR COMPETITIVE BIDS. I BELIEVE THAT THAT IS IMPORTANT TO SAVE TAXPAYERS DOLLARS. SO THAT'S WHY I WANT TO KNOW SOMEBODY WAS ANOTHER COMPANY ALREADY FULFILLING THIS ROLE. YOU'RE SAYING THAT THIS IS THE COMPANY THAT YOU HAVE A RELATIONSHIP WITH. IT'S BRAND NEW. SO THERE'S NOT A THERE'S NOT A COMPANY THAT WE'VE BEEN WORKING WITH PRIOR TO THIS ON ANY SORT OF PROGRAM.

IT'S A BRAND NEW PROGRAM TO US. THIS IS A COMPANY THAT THE STATE IS FAMILIAR WITH. SO THEY WORK NOT JUST THEY ALREADY ARE WORKING WITH SEVERAL JURISDICTIONS WITHIN THE STATE ON THIS PROGRAM. SO THAT WAS SORT OF HOW WE GOT IN CONTACT WITH THIS COMPANY. SO THIS IS BASICALLY A NEW TASK. YES, MA'AM. OKAY. THANK YOU. COUNCILWOMAN. DOCTOR.

COUNCILWOMAN. THANK YOU. MR. CHAIRMAN, I THINK YOU JUST ANSWERED MY QUESTION ABOUT HOW YOU LOCATED THIS PARTICULAR COMPANY. COULD YOU GIVE ME THE NAME? AND THE OWNER OF THIS PARTICULAR COMPANY, IS IT LOCATED HERE IN LOUISVILLE? IT'S NOT LOCATED IN LOUISVILLE. I HAVE A CONTACT THAT I'VE BEEN WORKING WITH, BUT I DON'T KNOW THAT THEY'RE THE OWNER. SO IF I COULD GET THAT INFORMATION BACK TO YOU, YOU KNOW, OBVIOUSLY WE HAVE A CONTACT, BUT I DON'T I DON'T BELIEVE THEY'RE THE OWNER OF THE COMPANY, BUT I COULD CERTAINLY GET THAT INFORMATION TO YOU. I WOULD LOVE THAT. THANK YOU SO MUCH. SURE. I LOOK FORWARD TO SEEING THE RESULTS OF THIS. ANY FURTHER DISCUSSION? SEEING NONE. THIS IS AN ITEM REQUIRING A VOICE VOTE. ALL THOSE IN FAVOR, PLEASE SIGNIFY BY SAYING I. ALL THOSE OPPOSED, SAY NAY. NAY BY THE UNANIMOUS VOTE OF THIS COMMITTEE AND APPROVAL OF THIS COMMITTEE WILL BE SENT TO THE CONSENT CALENDAR.

THANK YOU SO MUCH. THANK YOU. WHAT'S MAY. OH, SORRY. WHERE'S THE NAY, DOCTOR? OH, DOCTOR MCCRANEY. SO I APOLOGIZE. THEN THIS WILL BE SENT TO OLD BUSINESS WITH A RECOMMENDATION FOR PASSAGE. THANK YOU. SURE. MISS DUNN, PRIOR TO THIS GOING TO OLD BUSINESS, IS THERE ANY WAY YOU CAN GET US INFORMATION TO ALL OF US REGARDING THIS CONTRACTOR? SURE. THANK YOU. IF CAN WE OFFER JUST ONE MORE PIECE? ABSOLUTELY. RICHARD CHAMPION, FINANCE DIRECTOR, OFFICE OF MANAGEMENT AND BUDGET. AS MISS DUNN STATED, THERE WAS A CHANGE IN THE STATE LAW AT THE END OF MARCH IN ORDER TO GET PART OF THIS PROGRAM FOR JULY, ALL OF THE INFORMATION HAD TO BE SUBMITTED BY THE END OF MAY TO TRY TO GET THAT. THE WAY THE STATE WORKS IS THEY PULL

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[8. R-072-25     A RESOLUTION PURSUANT TO THE CAPITAL AND OPERATING BUDGET ORDINANCES APPROVING THE APPROPRIATION TO FUND THE FOLLOWING SOLE SOURCE CONTRACT FOR THE LOUISVILLE METRO POLICE DEPARTMENT TO PURCHASE A SIMTEK MODULAR TAC HOUSE MODULAR SYSTEM (SIMTEK MODULAR, INC. - $44,240.08). Action Required By: December 12, 2025 Sponsors: Dan Seum, Jr. (R-13) ]

WE JUST WANT TO SAY THANK YOU FOR YOUR SERVICE. WE APPRECIATE EVERYTHING. YOU ALL DO APPRECIATE THE INNOVATION OF JUST BEING ABLE TO HAVE THAT FLUID OPPORTUNITY TO HAVE THIS MODULAR GO UP AND DOWN IN THE IN THE FAST EVOLVING WORLD OF THE CRIMINALS AND HOW THEY MAKE THINGS SO DIFFICULT FOR LMPD TO, TO NAVIGATE. SO WE WANT THEM TO BE TRAINED AND READY TO, TO DO WHATEVER THEY GOT TO DO ON THE FLY. SO THANK YOU. THANK YOU FOR YOUR SUPPORT. THANK YOU. ANY FURTHER DISCUSSION? SEEING NONE. THIS IS A RESOLUTION REQUIRING A VOICE VOTE. ALL THOSE IN FAVOR, PLEASE SIGNIFY BY SAYING I, I ANY OPPOSED SEEING NONE BUT THE UNANIMOUS RECOMMENDATION OF THIS COMMITTEE, WHICH WILL BE MOVED ON TO THE CONSENT CALENDAR. THANK YOU. NEXT ITEM ON THE

[9. O-158-25     AN ORDINANCE ESTABLISHING A DEVELOPMENT AREA PURSUANT TO PROVISIONS OF KRS 65.7041- 65.7083 TO BE KNOWN AS THE 700 EAST MAIN STREET DEVELOPMENT AREA, DESIGNATING THE METRO DEVELOPMENT AUTHORITY, INC. AS AN "AGENCY", ADOPTING A DEVELOPMENT PLAN, APPROVING ENTERING INTO A LOCAL PARTICIPATION AGREEMENT, AUTHORIZING THE PAYMENT OF THE "RELEASED AMOUNT" PURSUANT TO THE TERMS AND CONDITIONS OF THE LOCAL PARTICIPATION AGREEMENT, REQUIRING THE SUBMISSION OF REGULAR REPORTS TO LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT AND AUTHORIZING THE EXECUTION AND DELIVERY OF ANY OTHER DOCUMENTS AND THE TAKING OF ANY OTHER ACTIONS NECESSARY TO ACCOMPLISH THE PURPOSES AUTHORIZED BY THIS ORDINANCE. Action Required By: December 12, 2025 Sponsors: Ken Herndon (D-4) ]

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WHEN WE CALCULATED THE 10% AFFORDABLE REQUIREMENT. THIS DEVELOPER DEVELOPER IS PROPOSING A 10% AFFORDABLE COMPONENT TO THIS DEVELOPMENT. WE PUT IN A FLOOR SO THE MINIMUM NUMBER OF UNITS THAT WILL BE AFFORDABLE AT ALL TIMES IN THIS DEVELOPMENT ARE 39. SO THAT'S 10% OF THE 390. WE HAVE ALSO ALLOWED THAT THAT NUMBER CAN GO UP UPON AN ANNUAL EVALUATION FOR THE MEDIUM TERM RENTAL. SO IF THOSE GO UP, THEN THEY HAVE TO PROVIDE 10% OF THE UNITS THAT ARE BEING RENTED ON A LONG TERM BASIS. THE AFFORDABILITY COMPONENT, LIKE I SAID, IS 10% OF THE LONG TERM UNITS THAT ARE AFFORDABLE TO THOSE MAKING UP TO 80% OF THE AREA MEDIAN INCOME. IN ADDITION, THE DEVELOPER IS PROVIDING A PARKING GARAGE AS A COMPONENT OF THIS DEVELOPMENT. IT WILL BE BURIED ON THE SOUTH SIDE OF THIS PROJECT AGAIN. THE PROJECT SAT ON EAST MAIN STREET AND SHELBY STREET. SO THE PROMINENT EVERYTHING A LOT OF PEOPLE KNOW THE SITE IS THE SERVICE TANK SITE. THE PARKING GARAGE WILL BE BURIED ON THE SOUTH SIDE OF THAT SITE. SO THERE WILL NOT YOU WILL NOT SEE IT FROM MAIN STREET. IT WILL CONTAIN 570 SPACES. THE MAJORITY OF THOSE SPACES WILL BE AVAILABLE TO THE PUBLIC. SO WE KNOW NULU AND THAT PART OF THE COMMUNITY COULD USE SOME COULD USE SOME PUBLIC PARKING. IN ADDITION TO THAT, THERE IS A COMMUNITY BENEFITS AGREEMENT WITH THE NULU BUSINESS ASSOCIATION THAT REQUIRES A CONTRIBUTION OF $25,000 FROM THE DEVELOPER TO THE BUSINESS ASSOCIATION. THEY'VE BEEN WORKING WITH THE NEWLY BUSINESS ASSOCIATION ON THAT. THE ZONING AND DESIGN FOR THIS SITE HAVE ALREADY BEEN APPROVED BY THE PLANNING COMMISSION. THE BOARD OF ZONING ADJUSTMENT, AND THE NULU REVIEW OVERLAY DISTRICT. AS I MENTIONED, THEY ARE SPEND THRS THAT THEY HAVE TO HIT BEFORE THEY GET ANY REIMBURSEMENT. AND JUST ONE MORE. THIS IS FOR EVERYBODY. AS A REMINDER, THAT TIF PAYMENT, THAT TIFF CAP IS A CAP. IT IS NOT A GUARANTEE. THAT IS THE MAXIMUM THAT THEY CAN GET FROM THE LOCAL TIF. IT REQUIRES THAT THEY HIT THEIR PERFORMANCE METRICS IN TERMS OF JOBS CREATED PAYROLL AND THE VALUATION OF THE PROPERTY. THE TAXES ARE REIMBURSED ON AN ANNUAL BASIS ONCE THEY PROVE THAT THEY'VE MET THEIR EXPENDITURE THRESHOLDS AND HAVE A AND HAVE PERFORMED AND HAVE PAID THEIR TAX BILL. SO IT'S NOT UPFRONT CASH. THIS IS ON A REIMBURSEMENT BASIS, AS I FAILED TO MENTION THIS THERE.

THE TOTAL PUBLIC INFRASTRUCTURE COST FOR THIS DEVELOPMENT IS $75.2 MILLION. SO AGAIN, OUR CAP IS JUST UNDER $40 MILLION. AND THE TOTAL PUBLIC INFRASTRUCTURE SPEND, INCLUDING THE PARKING

[00:45:05]

SO I WANT TO MAKE SURE I MADE THAT CLEAR HERE. DULY NOTED. HAPPY HAPPY TO ANSWER ANY QUESTIONS COUNCIL. DULY NOTED AND APPRECIATE IT FOR ALL THOSE WATCHING AT HOME. CAN YOU SPEAK FOR JUST A SECOND TO WHAT'S CURRENTLY ON THE SITE? YEAH, NOTHING IS ON THE SITE. THERE IS. THERE IS A VACANT BUILDING AT THE ON THE SOUTH. I'M SORRY, ON THE NORTH, ON THE NORTHWEST SIDE OF THE SITE. THANK YOU, COUNCILMAN OWEN. THANK YOU CHAIR. SO REMIND US, BECAUSE EVEN I HAVE FORGOTTEN EXACTLY HOW THIS WORK. AND I'M DEAL WITH THIS STUFF A LOT. THE SIGNATURE TIFF AT THE STATE. IF WE APPROVE THE LOCAL TIFF. IT'S NOT DEPENDENT IS IT? DEPENDENT UPON THE TIFF AT THE STATE BEING APPROVED, OR ARE THEY CONNECTED IN ANY WAY? YEAH, THERE THERE IS A CONNECTION TO THE TIFF. SO THEY'RE REQUIRED TO GET A THEY ARE REQUIRED TO GET A STATE TIFF UNDER THIS LEGISLATION. SO IF THEY DO NOT ARE NOT ABLE TO GET STATE TIFF, WE'LL HAVE TO COME BACK AND AMEND THE LEGISLATION. AND AGAIN, THREE THINGS ON THE TIFF. SO THERE IS A TO APPLY FOR A STATE SIGNATURE TIFF. THERE IS A MINIMUM INVESTMENT THRESHOLD OF $200 MILLION. SO AGAIN, THIS DEVELOPMENT IS HITTING THAT THRESHOLD AT $255 MILLION.

THERE'S ALSO A THERE IS ALSO A MINIMUM SPEND. AND I'M GOING TO LOOK OVER TO THE COUNTY ATTORNEY, LAURA FERGUSON. THIS I BELIEVE THE MINIMUM SPEND BEFORE THEY CAN RECAPTURE IS $50 MILLION IN OUR ORDINANCE. SO AND THERE IT IS. IT'S 200. SO YEAH THERE'S A THEY HAVE TO HIT A MINIMUM SPEND THRESHOLD BEFORE THEY CAN START GETTING REIMBURSEMENTS FROM US. AND SO IF IT GOES TO THE STATE AND IT'S DENIED, THEN WE IT COMES BACK IN FRONT OF US AND WE DO IT A LITTLE BIT DIFFERENTLY. CORRECT. COMES BACK IN FRONT OF US. YEAH. THEY'LL THEY'LL THEY'LL LIKELY WANT TO MAKE SOME AMENDMENTS TO THE PROJECT. WE'LL CERTAINLY WANT TO MAKE SOME AMENDMENTS TO THE REIMBURSEMENT ON THE MINIMUM SPEND. AND THEN IT'S ALSO MY MEMORY THAT AND I THINK IT'S FUNNY THAT THAT THIS IS A REQUIREMENT BEFORE THEY CAN APPLY TO THE STATE THOUGH, WE HAVE TO APPROVE OUR OUR TIFF FIRST. THAT'S CORRECT. AND NOT ONLY GET LIKE A THEY DON'T EVEN SAY, WELL, WE'RE LEANING TOWARD DOING IT OR NOT OR THAT. YEAH, YEAH. SO WE'VE HAD PRELIMINARY CONVERSATIONS WITH THE STATE, BUT IN ORDER TO GET A READ FROM CDFA, WE HAVE TO NOT ONLY BE APPROVED BY METRO COUNCIL, BUT THERE ALSO HAS TO BE THE APPROVAL FROM THE METROPOLITAN DEVELOPMENT AUTHORITY, WHICH IS THE AGENCY THAT IS REFERENCED IN THE TITLE OF THE ORDINANCE. SO THAT HAS TO BE WE HAVE TO BE FULLY APPROVED. AND THEN AGAIN, LOUISVILLE METRO GOVERNMENT IS THE APPLICANT FOR ANY STATE TIFF PROGRAM. SO THAT THAT THOSE PAYMENTS COME, THE STATE PAYMENTS COME TO US, AND THEN WE ARE THE PASS THROUGH AND WE PROVIDE THOSE PAYMENTS TO THE DEVELOPER. I MEAN, CHAIR, IF I COULD WELL, I'LL WAIT AND GET BACK IN THE QUEUE. COUNCILMAN VACHON THANK YOU. THANK YOU. JEFF, I THINK THIS IS OBVIOUSLY A GREAT DEVELOPMENT. AND I THINK, YOU KNOW, LOUISVILLE METRO'S GOALS OF SMART URBAN GROWTH IS KEY, ESPECIALLY WITH THE EXPANSION OF 520 SOMETHING OR 30 SOMETHING APARTMENTS. MY QUESTION, I THINK, IS CAN THIS PENCIL WITHOUT THE TIFF IF STATE DOESN'T APPROVE. NO. SO IF, IF THE IF THIS IS ALL ALL TIFS, BOTH LOCAL AND STATE HAVE ABOUT FOUR CLAWS. SO IF THE IF THEY ARE NOT ABLE TO GET EITHER THE LOCAL TIFF OR THE STATE TIFF, THE PROJECT WILL CHANGE DRAMATICALLY AND THEY'LL THEY'LL LIKELY NOT BE ABLE TO COMPLETE THE PROJECT. THANK YOU. I JUST URGE OUR COLLEAGUES TO LOOK AT THIS, AND WE TALK ABOUT MIXED USE DEVELOPMENT AND GROWTH IN DOWNTOWN AND DENSITY. I THINK THIS IS A GREAT OPPORTUNITY FOR US TO PUT THAT, YOU KNOW, FOOT FORWARD AND MAKING THAT HAPPEN AND, AND MOVE FORWARD IN WHAT OUR CITY CAN GROW TO. SO. THANK YOU, SIR. I SPONSORED THIS ORDINANCE AND I'M HAPPY TO DO SO. I BELIEVE, AS I SAID IN THE COMMITTEE MEETING THE OTHER DAY, THAT I BELIEVE IN USING PUBLIC FUNDS TO LEVERAGE PRIVATE INVESTMENT IN A THOUGHTFUL, TARGETED WAY, EVEN IN A SO-CALLED SUCCESSFUL NEIGHBORHOOD SUCH AS THIS, IF IT BRINGS SOMETHING SPECIAL TO THE TABLE, THERE'S THERE ARE LOTS OF AMENITIES IN THIS PROJECT THAT ARE ATTRACTIVE. BUT THE MOST ATTRACTIVE TO STAR OF THE SHOW FOR ME IS THE GARAGE. IN ORDER TO ACHIEVE LONG TERM SUCCESS, HAVING PREDICTABLE ADJACENT PARKING THERE IS ESSENTIAL AND I HOPE THAT THIS IS NOT THE LAST ONE. IF YOU'RE FAMILIAR WITH HIGH STREET, THE SHORT NORTH IN COLUMBUS, OHIO, IT'S A LINEAR STREET. NOT THIS IS DIFFERENT FROM THAT, BUT BUT THEY HAVE PREDICTABLE PARKING EVERY 3 OR 4 BLOCKS. THEY HAVE A GARAGE JUST OFF THE MAIN DRAG SO THAT WHEN YOU GO THERE, YOU KNOW THAT YOU DON'T HAVE TO RELY UPON HAPPENING ACROSS A PUBLIC SPACE ON THE STREET. YOU KNOW THAT YOU CAN GO THERE AND HAVE A PREDICTABLE PLACE TO PARK. AND THAT ALSO KEEPS THE PATRONS OF THAT STREET CLOSE TO WHERE THEY NEED TO BE AND KEEPS THE PRESSURE OFF THE ADJOINING NEIGHBORHOODS, IN THIS CASE BUTCHERTOWN AND PHOENIX HILL. SO IF WE CAN HAVE THIS BE THE FIRST OF HOPEFULLY SEVERAL DOWN THERE THAT WILL HELP CONCENTRATE THE

[00:50:03]

IT'S DOING WELL NOW, BUT FOR THE LONG TERM GROWTH, I THINK THAT'S REALLY IMPORTANT. AS SOMEBODY WHO WALKED THREE BLOCKS TODAY AND WAS LATE TO A MEETING TO NULU BECAUSE I COULDN'T FIND PARKING DIRECTLY IN THE STREET, YOU WERE SPEAKING MY LANGUAGE? YES. COUNCILMAN NOLAN, THANK YOU. CHAIR. SO ANYBODY THAT'S HEARD ME SPEAK ON HOUSING AND DEVELOPMENT ISSUES KNOWS THAT THIS DEVELOPMENT CHECKS MANY, MANY, MANY BOXES FOR ME. I, I ALSO WANT TO REMIND PEOPLE THAT ONE OF THE THINGS I LIKE ABOUT TIFS IS THAT THEY ARE PERFORMANCE BASED INCENTIVES.

AND WE HAVE A NUMBER OF TIFS THAT WE HAVE APPROVED THAT THE DEVELOPER NEVER GOT ANY OF THE MONEY THAT THEY COULD GET FROM THE TIF, BECAUSE THEY DIDN'T ACHIEVE THE GOALS THAT THEY HAD AGREED TO ACHIEVE. AND SO IF THE DEVELOPMENT DOESN'T PERFORM, THE MONEY DOESN'T, DOESN'T APPEAR RIGHT. AND SO THAT IS A PERFORMANCE BASED INCENTIVE, WHICH I THINK IS A IS A GREAT WAY TO DO IT. SIMILAR TO WHAT COUNCILMAN HERNDON WAS SAYING. YOU KNOW, THERE ARE NULU DEPENDING ON HOW YOU LOOK AT NULU, I CERTAINLY THINK IT'S BEEN A GREAT SUCCESS FROM WHERE IT CAME FROM, AND I WOULD BE HESITANT TO USE A TIF IN, IN ON SOME TYPES OF PROJECTS. BUT THIS PROJECT LET ME JUST CHECK OFF A FEW THINGS. ONE, IT'S A MIXED USE PROJECT. TWO IT HAS A LOT OF HOUSING UNITS. IT HAS AN AFFORDABILITY COMPONENT. IT HAS A PARKING GARAGE THAT'S THERE TO PROVIDE PARKING, BUT IT'S ALSO BASICALLY HIDDEN, WHICH IS GREAT. IT'S WRAPPED, WHICH IS A REALLY NICE THING. AND THERE'S SIGNIFICANT DENSITY AND SIGNIFICANT HEIGHT. AND BOTH OF THOSE, ALL OF THOSE THINGS ARE THINGS THAT IN OUR PLANNING AND ZONING COMMITTEE, WE TALK ABOUT INCESSANTLY AS THINGS THAT WE'RE ENCOURAGING DEVELOPERS TO DO. AND SO THIS IS EXACTLY, AS COUNCILMAN BACHAND SAID, THE TYPE OF PROJECT THAT WE NEED MORE OF, BOTH IN NULU AND IN DOWNTOWN. ANYBODY THAT'S LISTENING, PLEASE BRING US MORE OF THESE TYPES OF PROJECTS. BUT I WILL BE HAPPY TO SUPPORT THIS WITH A TIF AND LOOK FORWARD TO THE STATE SUPPORTING IT AS WELL.

THANK YOU. I JUST I WANT TO I WANT TO SAY ONE THING TO JUST TO CONFIRM THAT, YES, OUR MINIMUM SPEND THRESHOLD HERE IS $200 MILLION LOCALLY. WHAT WE DO JUST TO REMIND EVERYBODY ON PROCESSES, IF THEY DON'T HIT THAT MINIMUM SPEND THRESHOLD RIGHT AWAY, WHICH THAT BUILDS UP OVER TIME, WE TAKE THOSE REIMBURSEMENTS AND HOLD THEM IN ESCROW ACCOUNTS AND THEN RELEASE THEM UPON THE TIME THEY HIT THAT, THAT SPEND THRESHOLD. AND THEN COUNCILMAN OWEN HIT ON A VERY GOOD POINT THAT I WROTE MYSELF A NOTE AND FORGOT TO MAKE DURING MY PRESENTATION OF. SOME OF YOU MAY REMEMBER THAT THIS SITE WAS APPROVED FOR A TIF IN 2017. THEY THAT TIF HAS EXPIRED.

YOU HAVE FOUR YEARS TO ACTIVATE A TIF UPON UPON APPROVAL. IF YOU DON'T ACTIVATE, IT AUTOMATICALLY GOES AWAY. SO SOME OUT THERE MIGHT BE WONDERING WHY DIDN'T WE APPROVE A TIF FOR THIS ALREADY? WE DID THAT. TIF EXPIRED IN 2021. THE ORIGINAL DEVELOPER DID NOT ACTIVATE, AND MR. CAMPUZANO AND HIS PROJECT, THEY ARE THEY'RE GOING TO ACTIVATE THAT I'M CONFIDENT. COUNCILWOMAN.

COUNCILWOMAN. THANK YOU, MR. CHAIRMAN. I DO LIKE THE WHOLE. THE WHOLE PACKAGE AND THE IDEA OF THE DIFFERENT USES FOR THIS PARTICULAR PROJECT. BUT I HAVE SEEN THESE PROJECTS HAVE WRITTEN IN THE SMALL LANGUAGE THAT AFTER SO MANY YEARS, THE AFFORDABLE HOUSING COMPONENT GOES AWAY. SO CAN YOU SPEAK TO THAT AND MAKE AND LET ME KNOW IF THERE IS SOME TYPE OF PROVISION LIKE THAT THAT DOES AWAY WITH THE AFFORDABLE UNITS THAT ARE PROPOSED TODAY? YES. SO OUR ALL OF OUR AGREEMENTS FOR THIS WILL RUN FOR 30 YEARS. SO 30 YEARS UPON ACTIVATION THEY WILL THEY WILL HAVE AN AFFORDABILITY COMPONENT. WE WILL BE MONITORING THEM FOR COMPLIANCE. BOTH THE ECONOMIC DEVELOPMENT, OUR OFFICE OF HOUSING AND COMMUNITY DEVELOPMENT, OMB MONITOR THE MONITOR ALL OF OUR TIF PROJECTS FOR COMPLIANCE. AFTER THAT 30 YEAR PERIOD. THEY'RE NO LONGER UNDER UNDER ANY MONITORING. SO THERE MIGHT THERE THERE MIGHT BE AN EROSION OF THE AFFORDABILITY COMPONENT. I WILL SAY THAT IN MOST CASES, EVEN WHEN YOU LOOK AT A LOW INCOME HOUSING TAX CREDIT DEAL, THOSE PERIODS OF AFFORDABILITY RANGE FROM 15 TO 30 YEARS. SO THAT'S NOT A TYPICAL FOR AFFORDABILITY COMPONENTS TO GO FOR 15 TO 30 YEARS. SO IN THIS CASE WE'LL GET TEN MORE YEARS THAN WE WOULD IN A NORMAL TIF. ASSUMING THAT THE STATE APPROVES AND IT SOMETIMES SOMETIMES DEVELOPERS WILL COME BACK FOR RECAPITALIZATION AND HAVE ADDITIONAL REQUESTS. AT THAT TIME WE CAN RE-UP THOSE. BUT WE FOR THE PURPOSES OF THIS, WE ASSUME THAT THE AFFORDABILITY WILL RUN WITH THE LAND FOR 30 YEARS. ANY FURTHER DISCUSSION? ALL RIGHT, COLLEAGUES, THANK YOU

[00:55:02]

APPRECIATE IT. THIS IS AN ITEM THAT REQUIRES A MCCARTNEY. YES. ALL RIGHT.

VOTING IS CLOSED. CHAIR. YOU HAVE EIGHT YES VOTES. WE HAVE EIGHT YES VOTES. AND WE WILL BE RECOMMENDING THIS TO THE FULL COUNCIL ON THE CONSENT CALENDAR. ALL RIGHT, LADIES AND GENTLEMEN, THAT CONCLUDES THIS EPISODE OF LABOR AND ECONOMIC DEVELOPMENT. WE LOOK FORWARD TO SEEING YOU

[Adjournment Note: Agendas are followed at the discretion of the Chair. While an item may be listed, it does not mean all items will be heard and/or acted upon by the Committee.]