►
From YouTube: 2022.03.24 BLDC Board Meeting
Description
Chapters
00:00 Call to Order
12:55 Resolution 22-1
13:35 Resolution 22-2
19:53 Strategic Priorities Committee Report
30:04 Mayor's Remarks
31:40 Executive Director's Remarks
35:27 Business Plan Competition Update
38:55 Restaurant Week Update
41:20 Preservation Workshop
A
And
actually
our
hair
is
probably
as
long
as
it
was,
but
all
right
good
morning,
everybody,
let's
get
started,
call
me
to
order
the
local
development
corporation.
The
first
item
is
the
approval
of
the
minutes.
You
should
have
the
minutes
from
the
february
24th
meeting
in
your
packet
take
a
few
seconds
to
review
those
and
then
I'll
welcome
a
motion
as
soon
as
anyone's
ready.
A
C
C
C
B
C
E
A
A
A
B
D
Think
we
talk
about
it
when
we
talk
about
our
general
potential
changes
to
our
loan
portfolio,
the
question
of
yes,
we
could
be
getting
interest
back
and
getting
that
account
paid
up,
but
is
it
better
to
be
supporting
this
project
and
letting
them
you
know,
get
it
actually
done?
First,
like
what's
what's
more
important,
getting
the
money
out
the
door
to
them,
we're
getting
our
interests
back
and
I
think
it
depends
on
the
loan
and
what
I
think
there's.
D
That
they
got
any
money
yeah
I
mean
I
could
see
a
six-month
moratorium.
I
think
am
I
right.
This
one
was
a
little
funky
because
they
can't
do
most
of
the
project
for
most
of
the
year.
They
probably
do
it
during
certain,
so
they
were
waiting
on
the
season
to
change
yeah,
that's
kind
of
something
that
july
contracts
were
in
january
and
he
stopped
so
we
had
some
warm
weather
right
and
it
was
definitely.
D
Are
doing
going
forward
is
how
do
we
want
to
structure
each
of
that
right
now?
Patrick,
could
make
the
point
that
class
should
be
more
flexible
in
our
terms
for
each
specific
loan
doing
what's
right
for
each
specific
loan
so,
depending
on
the
loan,
we
could
be
getting
feedback
earlier
if
it
makes
sense
instead
of
having
like
a
generic
term
of
everyone,
has
to
be
paying
interest
throughout
the
loan
period.
A
D
D
E
B
Hendrix
ariel
hendricks
has
still
not
paid.
She
is
technically
in
default,
so
we
have
notified
her
that
we
deserve
the
right
to
start
the
legal
process
of
collections.
So
I
believe
the
we're
going
to
need
to
get
together
with
corp
council
and
find
out
like
what
the
next
steps
are
business.
Don't
practice
or
yes,
her
business
is
still
in
background
very
much
so.
Yes,
she
has
a
lot
of
emails
from
me
asking
if
she
can
make
partial
payments
and
what
is
her
business
she
jim.
A
B
A
D
E
F
B
A
D
D
B
F
A
A
A
D
D
It
I
think
it
would
probably
be
part
of
the
conversation
of
what
the
city
or
the
vldc
could
come
to
the
table
on,
but
I
don't
think
we're
obligated.
I
don't
know,
what's
already
there
there's
over
there,
so
there
was
just
tired,
I'm
not
sure
what
they
took
and
text
every
all
of
the
intense
infrastructure
they
weren't
still
in
good
condition:
they're
not
confusable
they're.
A
D
So
one
would
be,
as
we
discussed
earlier,
modifications
to
our
current
loan
program
to
support
loans
and
be
more
competitive
compared
to
private
lenders.
So
one
of
the
things
that
patrick
mentioned
priorities
committee
is
that
our
loan
terms
are
pretty.
We
almost
self-select
people
out
because
of
how
much
we
require
upfront
fully
collateralized
loans.
Our
interest
rates
are
competitive,
but
not
anything
to
write
home
about.
So
what
can
we
do
to
make
those
more
flexible
and
patrick
mentioned?
D
We
haven't
determined
what
exactly
those
guard
rails
would
look
like,
but
I
could
imagine
that
we
would
look
at
the
total
loan
portfolio
and
decide
what
our
risk
dollars.
We
only
want
to
take
on
10
with
an
interest
rate
of
zero.
No
more
than
that,
we
want
to
take
on
20
that
are
maybe
not
traditionally
bankable
and
the
rest.
We
want
to
be
really
really
secure,
I'm
just
throwing
numbers
out,
but
we
would
essentially
decide
what
those
guard
rails
are
and
then
each
individual
loan
would
be
considered.
D
That's
not
decided.
Yet
that
was
just
what
was
discussed
in
the
strategic
priorities
committee
to
try
to
make
them
more
flexible,
but
I
think
anything
we
can
do
to
make
our
loan
program
more
competitive
compared
to
personal
financing
is
what
we
should
be
doing
and
aiming
for
and
we're
able
to
take
more.
C
D
D
B
D
D
So
that's
something
that
I
will
bring
information
back
to
the
lbc
and
we
can
talk
about
how
best
to
support
that
effort
or
any
other
efforts.
Also
something
we
can
talk
about
in
terms
of
our
loan
portfolio
is
kind
of.
What's
our
goal
for
supporting
minority
owned
businesses
within
our
loan
portfolio,
what
percentage
are
we
really
aiming
for
and
in
what
ways
could
we
be
more
flexible
in
those
loans
for
folks
that
traditionally
don't
have
access
and
are
cut
off
from
capital
and
therefore
can't
necessarily
start
businesses
at
the
same
level?
D
D
I
get
that
to
the
table
on
that.
To
your
point
ron,
one
of
the
things
we
talked
about
internally
was:
could
we
recoup
that
money
if
it's
a
bldc
or
city
owned
property
that
we're
doing
that
on
an
rfp?
Now
we
then
recoup
those
costs
in
that
as
part
of
the
purchase
price
would
be
whatever
money
we
put
into
it
up
front,
but
it
gives
the
developer
developer
cleveland
to
start
with.
D
A
D
A
Volunteer
my
bill.
I
know
it's
not
stupid,
but
I
mean
I
need
to
put
under
a
rule
for
anything.
I
certainly
couldn't
afford
it.
Thank
god,
but
I
would
if
you
want
to
use
it
as
a
template
to
what
makes
most
sense
to
do
it,
because
it's
the
most
secure
you're
going
to
get
there's
no
debt
on
anything,
and
you
know
maybe
25
30
40,
but
if
you
wanted
to
use
it
as
a
guideline
yeah
I'm
going
to,
hopefully
you
know,
do
it
sometime,
you
know.
A
C
E
A
D
A
D
I
know
I
worked
on
one
when
I
was
at
the
state
that
johnson
city
was
doing
and
it
wasn't
a
bad
program,
but
it
was
very,
very
heavily
bureaucratic
and
they
were
working
on
it
for
like
two
years
with
me,
and
it
was
just
like
dragging
yeah
the
business
owners.
The
property
owners
were
like
I've,
already
done
the
work
but
where's
my
money.
So
we
want
to
try
to
avoid
anything.
That's
like
that,
while
still
doing
our
due
diligence
and
ensuring
that
everything
holds
up
under
scrutiny.
E
D
A
A
D
Yeah
and
that's
I'm
going
to
be
relying
on
steve
in
terms
of
what's
eligible,
not
eligible.
For
instance,
I
talk
to
you
about.
Does
power
washing
count
as
an
eligible
and
yes
he's
taking
this
out
because
as
it
at
its
own
expense,
we
couldn't
fund
like
a
power
washing
program
just
to
clean
facades
through
this,
but
we
could
that
could
be
potentially
included
in
a
larger
budget.
To
do
you
know,
repointing
and
basically
work
so
yeah.
D
I
think
knowing
upfront
what
we
can
and
cannot
do,
making
that
very
very
clear
is
helpful,
but
I
know
the
new
york
new
york
mastery
has
the
same
issue.
There's
like
just
so
many
things
you
can
and
cannot
do
and
people,
but
there
are
things
you
have
to
do
to
do
the
project,
so
it
gets
confusing
where
the
line
starts
and
stops
so
to
the
extent
that
we
can
make
that
easier.
We
certainly
want
to
do
so.
A
D
A
A
Okay,
so
the
mayor
is
not
here,
he
did
send
an
email
yesterday
and
I
won't
read
through
this
too
much,
but
he
included
he
sent
everybody
a
copy
of
the
ida's
uniform
tax
exemption
policy
update.
I
won't
get
into
that
too
much,
but
they've
made
some.
They
made
some
changes
around
residential
projects
and
I
mean
it's,
it
gets
it
gets
complicated,
but
we've
got
the
policy.
We
can
talk
about
that
at
some
future
data.
A
He
also
put
in
about
the
clinton
street
business
district
business
district,
revitalization
plan
rfq.
The
rfq
has
been
issued
to
assist
in
creating
clinton
street
neighborhood
business
district
plan
for
the
purposes
of
applying
for
the
next
round
of
dri
from
which
is
the
downtown
revitalization
initiative,
and
then
the
last
thing.
D
D
D
I
did
talk
to
the
department
of
state
and
they
are
very
confident
that
neighborhood
commercial
districts
will
once
again
be
eligible
under
the
dri.
That
was
a
change
that
they
made
for
round
five
and
they're
pretty
sure.
They'll
continue
with
around
six
we're,
not
sure
what
the
amount
of
money
is
yet
last
round
was.
You
were
able
to
have
two
10
million
dollar
awards
within
a
region
yeah,
but
we're
not
sure
if
they'll
go
back
to
one
or
if
they'll
continue
to
have.
B
D
Are
working
on
advancing
an
action
plan
amendment
because
the
money
is
coming
the
money's
going
to
be
coming
out
of
the
revolving
loan
fund,
where
we
have
that
excess
of
a
million
dollars
in
that
account
in
order
to
move
that
money
to
pay.
For
this,
we
have
to
make
an
amendment
to
our
action
plan
for
cdbg
requires
a
30-day
public
comment
has
to
be
approved
by
council
actually
approved
by
this
board,
so
we're
advancing
that
we're
looking
to
get
that
out
for
public
comment
next
week.
D
D
So
speaking
of
that
revolving
loan
fund,
the
city
reserves
the
right
every
year
to
draw
down
the
bldc's
revolving
loan
fund
to
500
000.
It
enables
us
to
take
money
that
is
overall
subject
to
timeliness
from
cbdg.
So
after
that
100
000
for
the
gri
any
potential
money
that
we
might
need
for
a
facade
program.
D
We're
going
to
have
a
couple
hundred
thousand
dollars
that
can
go
towards
cdbg
eligible
economic
development
projects,
because
that
money
is
coming
through
the
vldc.
We
really
want
to
make
sure
that
whatever
the
ethics
is
alive,
what
the
dlc
wants
to
do
so
we
are
going
to
be
having
that
conversation
over
the
next
week
or
so
internally
and
we'll
reach
out
to
you
guys
once
we
know
what
direction
we're
moving
in,
so
that
we
can
get
concurrence
from
the
bldc
that
what
the
end
use
of
that
money.
D
E
E
E
This
this
competition
draws
people
from
the
city
of
binghamton
draws
potentially
businesses
that
are
over
in
the
incubator
or
businesses
that
have
been
in
existence
for
up
to
five
years
and
gets
them
oriented
thinking
about
putting
together
a
business
plan
and
the
business
development
workshop,
which
will
be
held
online
next
wednesday
from
five
to
seven.
Thirty
has
a
number
of
speakers
in
it
to
discuss
things
like
business
financing
that
being
presented
by
merlin
joseph
who
is
a
a
pre-season
banker
from
key
bank
over
on
the
west
side.
E
Then
our
final
segment
about
pitching
your
business
has
two
of
our
recent
business
plan.
Competition
winners,
sarah
lou
with
parlor
city
vegan,
who
is
the
winner
in
2018,
and
jacob
kumpon,
with
claw
industries
who
was
last
year's
winner
of
the
competition,
and
we
are
at
this
point-
have
15
people
signed
up
for
the
workshop
and
our
any
and
all
that
the
board
or
others
can
do
to
help
get
the
word
out
about
the
competition
workshop
is
certainly
welcome.
E
E
Yes,
I'm
sorry
yeah
restaurant
week
there's
a
press
conference
tomorrow
at
the
forum
the
restaurant
week.
The
this
is,
of
course,
organized
by
eat
ding,
which
is
the
restaurant
tours
of
the
city
of
binghamton,
primarily
in
the
downtown
businesses
such
as
a
lost
dog,
cafe
in
little
venice
spearhead
this
they
have
every
year
twice
a
year.
They
have
restaurant
week
in
the
spring
of
the
fall.
E
They
have
also
as
a
there's
a
25
cents
off
the.
I
believe
it
is
off
the
receipt
from
every
every
sale.
It
goes
toward
a
charity
now
this
year,
it's
going
towards
friends
of
the
forum
and
that
purchase
a
new
awning
to
go
over
the
the
entry
area
there,
as
you
face
the
forum
over
on
the
left
side,
where
all
of
us
go
through
security
and
so
forth,
to
enter
into
the
forum
to
create
a
new
awning.
E
A
place
of
business,
the
banner
going
up
in
front
of
saul
stern's
actually
shortly
and
promoting
a
restaurant
week.
Of
course,
restaurants
generate
a
lot
of
economic
activity.
They
employ
a
lot
of
people,
frequently
improve
a
lot
of
older
buildings
in
the
downtown
they're,
a
reason
for
people
to
to
make
binghamton
a
destination
and
to
shop
and
and
see
what
binghamton
has
to
offer.
And
you
know
all.
D
Deserve
our
hearty
support
and
I'm
sure
everyone's
seen
the
prices
that
every
restaurant
they
go
to
are
going
up.
I
mean
the
supply
chain
right
now
is
really
hurting
our
restaurant
owners,
so
I
think
anything
we
can
do
to
support.
That
is
great.
I
know
what
we'll
leave
check
yet,
but
I'm
pretty
sure
council
approved
baby
jodo's,
the
extension
of
premises
for
the
sidewalk
cafes
last
night,
so
we'll
be
able
to
get
those
permits
out
the
door
and
we'll
see
the
downtown
dining
scene,
hopefully
that
we
saw
last
year
as
well.
A
D
D
And
we
have
seen
in
our
pre-development
meeting
sean's,
been
asking
anyone
who's
looking
for
a
sort
of
tax
credit,
if
the
increase
in
new
york
state
has
been
impacting
their
decision
to
come
in
and
they've
all
been
saying.
Yes,
the
increasing
attack
goes
to
new
york.
State
has
been
a
huge
push
towards
them.
Finally,.
C
Doing
some
restorations
on
buildings,
so
that
will
be
a
great
event:
we're
also
holding
a
public
painting
for
the
potential
expansion
of
the
historic
district
from
just
going
out
to
state
and
industry.
So
I
think,
there's
about
16
properties
that
role
model
potentially
included,
which
they
already
have
to
leave
the
restrictions,
because
they're.