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A
So
I'd
like
to
call
to
order
the
June,
9th
2023
meeting
of
the
economic
development
commission
and
it's
approximately
105
pm
and
I
think
the
first
thing
we
need
to
do
is
roll
call.
So
Dee,
could
you
do
the
honor.
C
F
And
people
in
the
Stephen
Lucas
on
the
council,
administrator
and
attorney
at
Council
Office.
A
A
We're
gonna
have
reading
of
the
minutes,
so
I'm
not
sure
what
that
means.
Are
you
going
to
read
the
minutes
to
us
from
Vanessa
said
how.
I
I
A
A
E
Okay,
we
could
do
this
by
sleep,
so
traditionally
you
all
have
had
a
president,
a
vice
president
and
secretary.
So
that's
what
you'd
be
electing
currently
pressure
zone.
Is
it
the
president
believe
that
I'm
sorry
when
I
think
yes,
Malcolm
is
Vice
President,
there's
nothing
secretary
actually
and
then,
after
maybe
secretary
secretary
and
then
Jeff
I
believe
you're
the
vice
president,
this
time,
because
it
was
commissioner
McCleary.
C
G
F
D
Minutes
we
should
note
that
commissioner
Webb
and
Clarity
have
shown
up.
That's.
A
Right
and
we
are
on
number
b
or
letter
B
of
new
business,
which
is
the
annual
EDC
activity
and
tax
abatement
compliance
report
and
Dee
I
want
to
thank
you
for
the
extra
work
you
did
to
get
this
finished
in
time
that
we
could
have
the
meeting
this
week.
It
was
fun
I'm
sure
it
was
I
was
thinking
about
you.
B
Well
well,
I
I
appreciate
everyone's
patience
on
getting
meetings
set
up
and
everyone
being
here
today
to
go
through
this
rigorous
process
of
going
through
tax
payments
and.
B
Alex
and
so
our
colleague
Adam
kind
of
open
up.
D
So,
echoing
that,
thank
you
sorry
for
the
glitches
in
the
previous
meeting.
This
is
a
this
is
Dee's.
First
time,
she's
had
a
she's
done
a
really
good
job
pulling
stuff
together,
she's
going
to
do
most
of
the
presentation,
but
I
wanted
to
add
a
couple
things
before
we
got
going
so.
The
first
is
just
to
kind
of
reiterate
the
importance
of
this
task.
It
seems
like
kind
of
a
wrote.
You
know
annual
thing
that
we
do,
but
just
to
be
clear.
D
The
reason
we
do
it
on
you
know
the
and
underlying
this
presentation
is
that
we
really
it's
important
for
the
community
to
know
and
for
all
of
us
to
be
part
of
the
process
of
of
you
know,
taking
care
of
and
protecting
public
Investments
right.
So
there's
a
lot
of
public
Investments
as
you'll
see
that
have
been
made
to
help
stimulate
some
of
the
projects,
whether
they're
housing
or
commercial
projects
and
we'll
let
Adam
Stone
from
Stone
Municipal
speak
a
little
bit
more
about
what
he's
seen
around
in
the
state
but
but
I.
D
So
in
in
view
of
that
this
year,
for
the
first
time
at
least
in
my
time
at
the
city,
we
thought
it
might
be
helpful
to
bring
on
a
third
party
to
help
us
and
the
reason
we
want
to
do.
It
is
not
because
we
felt
like
there
was
any
necessary
flaw
in
how
we
were
doing
it.
But
we
felt
like
having
a
third
party
with
second
you
know.
Another
set
of
eyes
would
be
particularly
helpful.
D
There's
some
complexity
to
some
of
these
tax
abatements
we'll
talk
about
the
Catalan
situation
specifically,
but
just
you
know,
even
though
it's
tax
abatements
are
not
brain
surgery,
it's
it's
somewhat
complex
and
we
wanted
to
make
sure
that
we
had
kind
of
expertise.
That
knows
how
to
do.
This
has
done
it
in
other
communities,
bring
their
perspective,
and
so
we
tapped
Stone,
Municipal
and
we'll
let
Adam
introduce
himself,
but
we
we
brought
them
on
not
only
to
go
through
the
process
of
this
analysis
and
the
2020.
D
You
know
just
making
sure
that
when
we
are
providing
recommendations,
they
are
solid.
Someone
else
has
checked
double
checked
our
work.
We
also
think
there's
an
opportunity
and
we
will
work
with
them
in
the
future
to
dig
deeper.
So
just
you
know
just
one
example
of
where
we
think
that
there's
areas
to
tighten
when
we
present
a
tax
statement
to
you
and
then
ultimately
to
counsel
and
it's
approved,
there
are
a
lot
of
assumptions
actually
that
go
into
it.
D
There's
an
assumption
about
what
the
actual
investment's
going
to
be
I
mean
they
are
provided
they're,
providing
us
information
about
that.
There's
an
assumption
about
what
that
capital
investment
is
going
to
turn
into
when
it
becomes
true,
assessed,
value
right
and,
and
we
just
use
kind
of
rules
of
thumb
as
a
way
to
to
try
to
Value
what
the
tax
payment
will
be
over
time.
D
That's
a
fixed
point,
a
fixed
data
point
at
the
time.
We
do
the
analysis,
but
actually
it's
a
variable
data
point.
In
reality,
it
an
assessed
value
changes
over
time.
The
other
thing
that
changes
over
time
is
the
tax
rate,
and
so,
even
though
we
say
Okay
under
today's
tax
rate,
here's
a
capital
investment,
here's
an
assumption
of
what
assess
value.
Therefore,
ultimately
you
know
x
times,
y
equals
z
and
Z
is
the
value
of
the
tax
payment.
The
reality
is,
you've
got
a
lot
of
moving
parts
and
those
are
continuously
being
updated
over
time.
D
So
we
think
that
there's
there's
an
added
layer
of
of
sophistication
that
we
can
get
to,
which
is
to
not
only
read
out
to
you
on
an
annual
basis.
Hey
are
these.
You
know
tax
abatements
compliant,
but
also
what
is
the?
What
is
the
true
public
investment?
That's
been
made
against
tax
rates
against
assessed
value
and
therefore,
the
value
of
the
tax
abatement
versus
what
we
thought
at
the
time
right
and
and
in
some
cases,
is
more
in
some
cases,
it's
less
because
it
really
comes
down
to
how
the
assessment
is
made.
D
But
we
think
that
if
we
can
get
to
that
level
of
sophistication
will
play
at
a
pretty
high
level
relative
to
how
we
analyze
this
stuff.
So
anyway,
that's
kind
of
a
future
phase
of
working
with
stone.
Why
don't
I
turn
it
over
to
Adam
Stone,
a
stone
Municipal
if
Adam?
If
you
could
maybe
introduce
the
company
yourself
and
you
know
any
thoughts
you
have.
L
Yeah
sure-
and
everyone
can
hear
me-
okay,
yes,
awesome,
hey
thanks
for
letting
us
join
virtually
today
good
afternoon
and
happy
Friday,
so
that
was
an
outstanding
in
Trejo.
Alex
I
appreciate
that
so
yeah.
So
I'm
I
started
this
in
2016..
L
It
has
grown
pretty.
You
know
very
grateful
for
that.
We've
we've
now
worked
with
communities
across
the
country,
we're
actively
in
three
different
states
and
all
of
that
I
actually
grew
up
just
down
the
road
from
you
all.
On
46
I
grew
up
in
Columbus,
Indiana
went
to
Columbus,
North
and
really
in
2012
started
my
career
as
the
city
controller
for
Greenwood
Indiana.
L
That's
where
I
got
I
got
my
IU
degree
in
accounting
and
finance
got
the
CPA
of
2016
and
then
have
just
been
really
dedicated
my
entire
career
to
local
government
Finance.
L
So
we
specialize
on
that
on
the
front
end,
which
also
gives
us
a
really
unique
lens
into
the
compliance
requirements
within
the
state
of
Indiana,
specifically
around
tax
abatements
incentives,
developer,
purchase,
bonds,
Etc,
so
I
think
it
was
just
a
natural
fit
when
we,
when
we
first
started
talking
to
Alex
and
D
I,
can
leave
you
with
a
couple
things
that
we're
excited
about
and
and
then
I
want
to
make
sure
to
be
concise.
The
first
is,
you
know,
we're
gonna,
as
as
an
independent
CPA.
That's
one
aspect.
L
The
second
is:
we
are
a
registered
Municipal
advisory
firm
with
the
Securities
Exchange
Commission
and
with
finra.
So
what
I?
Why
I
say?
That
is
because
that
requires
us
to
have
a
fiduciary
standard
as
a
practice,
so
we
have
to
provide
non-biased
independent
review
for
for
our
clients
and
I.
Think
that's
going
to
be
really
important
when
you
get
into
tax
credits,
tax,
abatements,
there's
a
lot
of
relationships
and
there's
a
lot
of
a
lot
of
aspects.
L
So
I
think
our
our
role
within
the
within
the
within
d
and
Alex
and
your
team
is
this
to
try
to
provide
you
all
that
non-biased
third-party
review
to
try
to
help
make
sure
and
then,
where
we're
helpful,
bring
how
other
communities
have
handled
this?
How
how
the
state
has
intended
to
it
to
be
tracked,
et
cetera
as
we
go
into
the
the
next
phase
of
this.
You
know.
L
We
do
believe
that
there's
going
to
be
a
lot
of
policy
recommendations
and
data-driven
decisions
that
we
can,
we
can
provide
as
as
findings
and
results
and
I,
think
that's
only
going
to
help
help
Bloomington
and
in
your
group
make
make
better
proposals
and
better
opportunities
in
the
future,
and
then
lastly,
I
just
want
to
say
that,
in
a
short
time
that
we've
that
we've
worked
with
with
Bloomington,
specifically
Dee
and
Alex
I
think
that
you're
all
ahead
of
the
curve
already.
L
So
when
you
add
in
this
layer
of
deeper
analysis,
refinements
getting
the
data,
solid
I
think
it's
only
going
to
help
your
community
continue
to
grow
and
continue
to
compete
and
get
even
more
more
fine-tuned
and
how
how
you
think
about
these?
How
you
offer
these
in
the
future
so
we're
very
grateful
and
honored
to
be
a
part
of
the
team
and
look
forward
to
to
helping
serve
in
your
community.
Thank
you.
I
have
to
take
any
questions.
D
J
M
B
That
would
be
lovely
if
you
would
do
that
for
me,
I
appreciate
it.
So
once
again,
thank
you
all
for
being
here
today.
I
appreciate
it
I'm
D
Delarosa,
the
assistant
director
for
small
business
development
for
the
city
of
Bloomington
and
I'm
here
to
present
the
annual
tax
abatement,
compliance
in
EDC
activity
report
for
2022..
B
B
B
We'll
conclude
with
a
summary
of
the
commission's
other
22
activity
and
after
the
presentation,
our
staff
and
Adam
will
still
be
here
to
address
any
questions
you
may
have
Siege
and
we
will
also
be
open
to
any
public
comment
or
any
public
questions
then
give
me
a
recommend
to
vote
the
report
to
council
and
if
it
is
approved,
we'll
present
the
same
report
to
the
common
Council
next
week
on
Wednesday
June
14th.
C
B
The
annual
reporting
process
compares
the
taxpayers
commitments
from
the
initial
statement
of
benefits
to
self-report
to
self-reported
results
on
the
annual
compliance
form
or
cf-1.
The
taxpayer
submits
a
cf-1
by
May
15th
to
the
county
auditor
and
the
city
clerk.
The
council
has
assigned
the
Department
of
Economic
and
sustainability,
sustainable
development
responsible
for
compiling
and
reporting
to
EDC
the
EDC
forwards,
the
report
or
I'm
sorry
Esther
report
for
the
final
report
to
council
for
any
action.
E
B
Sorry,
the
EDC
recommends
approval
for
new
applications,
the
common
Council
authorizes
and
the
county
administers
the
abatements.
B
Ec
receives
an
application
and
the
statement
of
benefits
to
authorize
a
new
tax
abatement.
If
the
application
and
the
sb1
meet
the
review
criteria,
ESD
brings
the
application
to
the
EDC.
The
EDC
then
recommends
it
to
council
for
the
approval
of
an
an
era
or
economic
revitalization
area,
as
well
as
an
abatement
term
and
schedule.
B
B
If
an
abatement
is
approved,
it
allows
for
the
phase
in
of
property
taxes
on
new
assessed
value.
The
term
of
abatement
on
real
property
is
one
to
ten
years
and
the
term
on
personal
property
may
go
up
to
20
years.
The
designating
body
either
approves
a
set
abatement
schedule
or
approves
an
alternative
deduction.
Schedule
slide:
8
Compares,
actual
investment
against
proposed
investment
on
the
original
sb1
forms
by
type
of
abatement.
I
B
Let
me
go
to
the
next
slide.
Oh
sorry,
no
you're
good!
So
the
total
assessed
value
of
abatement
projects
for
2022
is
122
million
dollars
give
or
take.
B
This
is
a
map
of
all
the
abatements
covered
in
this
report.
The
green
pins
designate,
real
property
and
personal
property
is
in
yellow.
The
cattle
and
abatement
has
multiple
multiple
abatements
tied
to
the
same
address
so
they're
kind
of
stacked
on
each
other,
but
they're
I
trust
me.
There
are
green
pins
underneath
that.
A
B
Okay,
next
slide.
B
B
All
right
next,
so
we'll
start
with
our
different
taxpayers.
B
Southern
Knoll
is
a
31
unit,
affordable,
housing,
complex
next,
all
Southerners
units
are
affordable
to
households
at
or
below
an
80
percent
average
median
income
which
I
refer
to
as
Ami
from
this
point
forward.
At
least
75
of
the
units
affordable
to
Affordable
households
at
or
below
60
Ami.
B
B
We
find
that
this,
the
staff
recognition,
the
staff
recommendation-
is
compliant
with
all
tax
abatement
commitments.
B
K
D
D
B
B
At
this
point,
all
the
improvements
are
complete
and
we
find
that
this
is
compliant
with
the
tax
abatement.
Commitments
continue.
Excellent
okay,
Union
at
Crescent,
is
in
its
fourth
year
of
its
abatement.
It
has
met
compliance
requirements
for
capital,
investment
and
jobs
created
and
has
exceeded
its
salary
requirements.
The
staff
has
confirmed
its
compliance
with
affordable
housing
commitments
through
hand
and
the
assessed
value
is
9.9
million
and
has
attained
53
compliance
overall.
B
It
raised
salaries
by
a
total
of
20K
annually
and
raised
its
property,
Its
Real
Property
by
7.2
million
dollars,
and
it
retained
all
of
its
employees.
So
we
find
this
compliant.
I
We're
both
this
and
the
previous
one
were
the
Southern
Knoll,
where
they
both
lie.
Tech
projects.
D
Yes,
yes,
I,
believe
that's
right.
Certainly
this
one
I'm.
D
To
get
some
guidance,
we
do
approach
the
county
and
said
because
it
is
actually
pretty
important
for
us
to
try
to
Value.
C
D
K
D
The
things
that
certainly,
if
that
can't
happen,
one
of
the
things
that
can
happen
would
be
for
us
in
our
analysis,
to
be
able
to
go
back.
Do
this
side
by
side,
what
was
the
original
assumption?
What's
the
actual
and
try
to
come
up
with
maybe
a
better
rule
of
thumb,
and
you
know
mind
you,
the
sb1
is
not
something
that
we
fill
out.
It's
not
an
assumption
we
make,
but
we
can.
D
K
D
B
B
Staff
does
not
recommend
continuing
this
abatement
at
this
point
because
we
have
not
seen
a
cf1
from
Urban
station.
They
have
not
filed
one
next
slide.
Urban
station
is
in
its
sixth
year
of
its
abatement.
It
did
not
file
a
2023
pay.
2024
cf1
the
taxpayer
may
need
May
petition
to
continue
the
abatement
with
a
waiver
of
non-compliance
and
Council
resolution.
However,
at
this
time
we
cannot
recommend
continuation
of
this
abatement.
D
Is
not
a
small
deal,
we
the
process
that
a
developer
can
pursue,
so
we
are
saying
they
have
not
filed
a
cf1,
we're
not
necessarily
saying
one
way
or
the
other.
Are
they
in
compliance,
but
without
a
cf-1,
it's
impossible
for
us
to
recommend
it
to
recommend
compliance.
So
what
we
are
suggesting
at
this
point
is
and
what
the
next
step
is
in
this
case.
Is
that
a
developer
May
appeal.
So
the
first
thing
that
happens
is
city
council
then,
would
not
authorize
the
abatement
for
one
year
for
this
year.
D
If
the,
if
the
developer
appeals,
the
city
council,
has
the
ability,
through
a
review,
to
either
accept
a
revision
to
be
able
to
review
their,
you
know
their
status
and
and
perhaps
make
a
judgment
of
substantial
compliance,
and
then
that
could
that
could
overturn
the
initial
judgment
in
the
event
that
that
is
not
the
case,
then
then
I
think
there's
a
third
appeal
option,
or
a
second
approach
that
or
second
review
that
the
council
would
make
about
the
long-term
viability
of
the
abatement
itself,
whether
it
remains
in
place
or
whether
it
ultimately
gets
retired.
D
B
D
E
H
E
Certain
deadline
by
which
they
can
take
a
negative
action
potentially
but
city
council
would
have
to
issue
a
notice
to
them,
and
then
there
would
be
a
hearing
on
their
compliance
level.
So
it
wouldn't
be
an
automatic
termination
for
a
year.
They
would
get
a
notice
first
and
then
they
would
have
an
opportunity
to
come
and
present
to
city
council
within
30
days
of
that
notice.
I
believe
it's
30
days,
if
not
45,
but
I,
think
it's
30.
E
to
City
councils
on
their
compliance
for
this
year
and
ongoing.
So
so,
just
before.
B
At
the
I
think
it
was
in
January,
maybe
it
was
February.
I
did
send
reminders
to
everyone
to
file
their
CF
ones,
and
then
we
sent
a
second
reminder
for
everyone
to
follow
their
CF
ones
as
far
as
any
direct
contact
or
anything
such
as
that
I
have
not
emailed
them
directly.
I
will
I
I
have
not
spoken
to
them
directly.
So
one.
D
Know
it
is
worth
repeating,
which
is
our
responsibility,
is
not
to
chase
down
people
and
make
sure
that
they're
adhering
to
requirements
that
they
are
required
to
adhere
to.
We
do
it
as
a
courtesy
reach
out
to
them
multiple
times
everybody
so
we're
treating
everybody
equally,
there's
only
so
much
I.
Think
from
our
perspective
that
I
think
you
know
we
we
can
and
should
do
so.
Yeah
I
mean
I
think
that
their
ability
to
come
in
and
and
react
would
be
helpful.
D
Well,
so
yeah,
so
that
there
was
a
transfer
in
ownership,
but
even
on
the
new
ownership
they
filed,
I
believe
they
filed
on
time
last
year
and
and
the
the
transaction
I
think
of
that
property
was
a
couple
of
years
ago.
So
I
don't
remember
offhand
but
But.
Ultimately
it
wasn't.
You
know
it
was
in
right.
J
We
don't
have
to
get
too
deep
into
the
weeds
here
now,
but
what
you
know,
what
is
our
what's
our
policy
response
to
that
and
does
that
affect
how
we
approach
all
this
going
forward.
M
D
So
there
are,
you
know
so
in
certain
abatements,
and
we
can
look
into
this
one
and
circle
back,
but
in
in
this,
in
certain
abatements
there
are.
There
are
clawback
Provisions
right,
so
someone
starts
to
take
the
benefit,
and-
and
we
can
talk
about
that-
this
is
the
case
in
another-
one
that
we
wanted
to
discuss
in
Greater
detail
and
if
they
don't
fulfill
over
the
period
of
time
that
they're
supposed
to
fulfill,
then
that
there's
definitely
a
callback
I
think
we
need
to
look.
This
was
a
very
early
abatement.
D
It
was
2016
17.
D
and,
and
it's
not
clear,
we
will
have
to
go
back
and
check
whether
or
not
that
callback
provision
was
in
place.
I
think
your
point
is
well
taken.
We've
tried
to
be
tighter
on
that
in
more
recent
abatements
and,
and
it
is
possible,
you
know,
in
light
of
the
change
of
ownership,
I
mean
a
commitment
made
by
one
owner,
sometimes
does
or
does
not
carry
the
intent
of
that
does
not
Carry.
D
Now
one
other
layer
of
control
that
we
have
on
on
these
is
that
our
housing
and
neighborhood
Development
Department
goes
in
and
and
does
their
own
compliance
of
of
adherence
to
the
terms
of
the
affordability
right.
So
they
in
2022
went
and
connected
with
this
developer,
to
at
least
for
for
that
time
period,
whether
they
were
actually
providing
those
and
and
according
to
the
documentation
that
we
have
reviewed
from
hand
they
they
were
so
so
it's
possible
that
this
was
an
oversight.
D
I
D
I
Right
and
then
the
affordability
Covenant
was
it
actually
recorded
in
the
deed.
E
That's
typically
how
we
memorialize
these
is:
we've
done
a
recordable
commitment
for
the
affordability,
I.
Don't
I'll
have
to
look
on
this
one
specifically
I.
F
C
I
Because
I
remember
discussing
that
way,
back
and
I
thought
that
that
was
at
least
the
plan.
That
sounds
familiar
to
me.
I.
E
I
H
Yeah
I
mean
I,
think
yeah
following
them.
Similarly,
I
mean
the
durational
aspect
of
it
seems
it
so
that
wasn't
present
in
the
first
two
we
looked
at
with
with
Southern
Nolan
and
Union
Crossing,
it
seems
like
you,
lose
the
tool
from
the
abatement,
the
incentive
after
a
certain
period,
however
long
the
abatement
is,
and
if
affordability
is
prized
for
decades
into
the
future
is,
is
there
another
remedy
outside
of
like
having
to
do
with
Covenant?
For
instance,
the
commitment
is.
H
D
The
first
place,
yeah
so
I
think
what
makes
this
different
than
Southern
Knoll
and
Union
Crescent
is
that
because,
by
virtue
of
those
two
having
that
kind
of
state
level,
low-income
housing
task
threaded
additional
requirements,
you
know
that
that
abatement
only
can
hit
10
years
and
then
at
you
know,
after
that
we
kind
of
lose
our
leverage,
unless
it's
baked
in
as
a
sort
of
callback
provision
in
the
cases
where
you
have
those
other
mechanisms
in
place,
that
extends
it
out
of
the
future.
D
It
doesn't
necessarily
go
to
99
years,
certainly
so
so
that
is
a
good
question,
which
is
what
you
know
in
order
for
us,
and
this
would
be
I
think
what
Adam
referred
to
earlier,
which
was
a
policy
decisions
and,
and
you
know,
becoming
a
little
bit
more
sophisticated
in
how
we
get
all
of
the
protections
that
we
want
to
have.
There
may
be
a
finite
amount
of
protection
that
we
can.
I
D
D
The
return
on
the
investment
I
spent
this
like
five
years
ago.
Six
years
ago,
I
I
I
believe
that
we
did
not
run
Financial.
When
we,
when
we
looked
at
the
analysis,
we
looked
at
what
the
public
investment
was.
We
did
not
look
at
the
return.
The
impact
of
the
return
on
the
investment
on
the
suppressed
rents
over
because
it
was
you
know
it
also
possibly,
but.
I
I
mean
I,
guess
what
I'm
saying
is:
did
you
consider
the
the
affordability
as
a
benefit
from
year
11
through
99?
Yes,
in
your
calculation.
E
Up
the
was
done
for
him
looks
like
the
term
of
that
mou,
which
sets
out
the
terms
and
conditions
impossible.
The
remedies
that
they'll
have
for
for
termination.
That
agreement
goes
through
December,
31st,
21
potentially,
and
it
also
does
have
a
clawback
provision
that
if
they
refuse
to
provide
the
information
or
file
appropriate
information,
as
required
under
the
agreement,
then
we
could
potentially.
F
F
D
D
For
all
of
you,
members
of
the
public
and
the
press
that
it
is
a
not
a
negative
judgment,
it
is
a
non-judgment,
so
this
is
not
a
determination,
one
way
or
the
other.
We
are
just
saying
to
you:
we
don't
have
the
information
yet,
hopefully
we'll
get
it,
hopefully
that
this
will
all
clear
itself
out.
But
at
this
point
we
are
just
saying
they
did
not
file
one
and
therefore
we
cannot
assert
compliance.
B
All
right,
The
Foundry,
is
a
mixed-use
building
with
three
thousand
three
I'm
sorry
13
000
square
feet
of
commercial
space
on
the
first
and
second
floor
in
residential
Condominiums
above
which
are
excluded
from
the
abatement.
Possibly
The.
Foundry
is
in
its
fourth
year
of
its
abatement.
B
It
has
exceeded
its
capital
investment,
commitment
and
complex
with
jobs,
retained
exceeding
new
employment
expectations
and
their
respective
salaries.
Current
assessed
value
on
improvements
is
19
million
two
hundred
and
sixty
one
thousand
two
hundred
dollars,
and
we
find
this
abatement
to
be
compliant.
K
D
One
thing
that
you'll
note,
which
gave
us
a
little
pause,
but
you
know,
and
and
we
are
actually
going
to
dig
into
this-
but
if
you
look
at
the
there's
something
that's
sort
of
weird
about
the
fact
that
the
real
estate
investment
and
the
and
the
assessed
value
amounts
are
the
way
they
are.
What
we
believe
is
going
on
and
we
need
to
dig
into
that.
But
I
mean
first
of
all,
it
would
not
change
our
judgment
because
we
we
believe
that
they
are
compliant.
D
But
we
think
that
there
are
some
parcels
and
some
and
some
units
being
filed
that
are
that
we
need
to
clean
up.
So
we
will
be
that
we're
that
were
not
intended,
because
this
is
again
it's
residential
luxury,
condos
upstairs
and
a
commercial
space,
and
this
was
really
targeted
at
the
retention
of
the
of
the
commercial
tenant
and
and
employees.
A
B
They
actually
did
have
a
personal
property,
that's
actually
a
type
on
my
part.
They
had
I
believe
they
were
approved
for
a
personal
property
Amendment
and
they
decided
to
forego
it
because
of
the
changes
of
technology,
so
they
will
not
be
taking
advantage
of
that
abatement
at
all.
B
Yeah,
okay,
the
next
payment
is
for
Hoosier
energy,
Hoosier
energy
actually
filed
at
cf1
much
earlier
than
the
due
date,
so
to
comply
with
the
45-day
review
period.
This
abatement
has
already
been
presented
to
council
and
is
has
been
approved.
These.
This
is
just
the
review
of
our
findings.
B
B
It
has
exceeded
capital
investment
and
salary
requirements
and
remained
compliant
in
jobs
retained
and
its
assessed
value
on
improvements
is
around
nine
million
9.1
million
dollars.
B
And,
like
I
said,
we
have
approved
it
already,
so
moving
on
Wolverine,
Mill,
wooler
Mill
holds
a
real
property
abatement
for
its
development
on
South
keg.
Road,
it
is
its
public
benefit,
is
renovating
an
abandoned
Limestone
Mill
into
a
mixed-use
facility,
Wolverine
Ventures,
completed
phase
one.
The
event
space
in
May
2019
Woolery,
is
in
its
fourth
year
of
its
abatement
and
is
compliant
with
the
abatement
commitments.
B
All
right,
and
as
you
can
see
this
one,
this
one
did
give
us
some
problems.
We
did
have
a
typo
on
the
first
sb1,
so
they.
B
Or
I'm
sorry
cf1,
but
they
have
exceeded
their
requirements
on
a
new
employee,
new
employment
and
on
new
salaries.
A
D
Sorry
about
that,
so
just
to
explain
you
know
we
we
received
a
cf1
from
Woolery
and
we
captured
the
information
from
that
we.
What
was
weird
is
so
we
have
CF
ones
for
last
year,
the
year
before
Etc
et
cetera,
and
we
we
thought
well,
it's
kind
of
strange
that
they
are
claiming
no
employees
when
last
year
they
claimed
employees
the
previous
year
that
it
was
during
the
pandemic,
and
it
was.
This
is
a
event
space
right.
So
so
it
was,
you
know
which
it
sort
of
effectively
shut
down.
D
So
we
reached
back
out
and
we
said
we
think
you've.
We
think
you
have
mischaracterized
your.
You
know
your
employee
base.
You
need
to
go
back
and
look
at
your
cf1
and
you
need
to
make
sure
that
it's
accurate,
which
they
got
us
to
revised
one
this
morning,
I
think
so
it's
a
different
number
of
employees
because
it's
come
down
from
from
last
year,
but
it
is,
it
is
their
updated
cf1.
So
we
scrambled
a
little
bit
and
that's
why
you
got
to
revised.
B
Yes,
absolutely
all
right,
catalent
holds
two
active
and
one
passive
abatement.
The
active
abatements
are
15-06
for
personal
property
and
19-04
for
both
real
and
personal
property.
The
passive
one
is
2206.
B
These
various
abatements
cover
separate
expansion,
phases
and
employee
growth
projections.
The
city's
initial
abatement
was
with
cook
Pharma,
which
was
acquired
by
cattle
in
Indiana.
Real
and
personal
property.
Abatements
have
distinct
phases.
Cf1S
report,
Blended
employment
figures
across
abatements
and
cf1
data
reflects
the
total
annual
payroll
and
N
year
head
count.
B
Where
am
I
on
my
slides
abatement,
1506
on
purple
on
personal
property
is
in
its
is
in
year.
Five
of
ten
and
new
personal
property
investment
exceeds
sb1
commitments.
The
assistive
value
the
current
assessed
value
is
at
5.7
million
dollars.
B
Abatement
1904
on
real
property
is
in
year
two
and
exceeded
capital
investment
commitments.
Abatement
1904
on
personal
property
is
in
year
three.
M
B
M
I
M
L
B
M
L
Yeah
I
remember
that,
but
it
caught
my
attention
as
well.
It
is
not
that
is.
The
cf1
is
as
reported
at
face
value
on
the
cf1.
The
cf1
did
not
provide
a
cost
update
on
the
investment,
but
when
you
look
at
the
real
property
assessment,
it
was
indicative
that
investment
had
been
made.
So
this
was
more
of
a
function
of
the.
The
form
did
not
include
a
data
point
on
that.
It's
not
saying
that
there
was
no
investment,
I
hope,
I,
hope
that
helps
yeah
I.
B
And
then
you
know,
we've
had
discussions
with
that
of
that
it
is
the
form,
doesn't
necessarily
it's
not
really
conducive
to
filling
out
necessarily
properly.
There
aren't
data
points
that
would
be
useful,
so
there
is
some
that's
why
it
makes
it
a
little
bit
difficult
kind
of
assessing
some
of
these
things
and
why
we're
having
Adam
look
at
these
and
kind
of
assess
these
values
for
us.
A
M
D
I
think
again,
it's
self-reported
sometimes.
L
E
G
B
So
in
I
believe
in
last
year's
presentation,
the
real
property
and
the
new
and
Via.
B
L
I
think
I
have
it
as
well
here
and
I
from
what
I'm
seeing
on
this
sb1
it
it
was.
There
was
no
assessed
value
listed
on
the
sb1.
B
The
SP
one
that
was
received
on
May
18th,
it
should
be
stamped
May
18th
on
the
topic
yeah.
Oh.
D
D
Created
our
own
valuation
for
it,
based
on
the
Assumption
set,
like
we've
talked
before
so
I.
Think
in
the
in
the
presentation
to
all
of
you.
If
we
were
to
go
back
to
that
and
and
the
and
the
presentation
of
council,
my
guess
is
that
we
would
have
run
those
numbers
ourselves
as
opposed
to
relying
on
their
assumption.
A
So
the
maybe
this
is
unfair
to
say,
but
when
I'm
looking
at
the
data,
I
want
to
see
that
I
would
like
to
see
the
commitment
and
the
compliance
of
that
commitment
and
the
commitment
would
be
I
would
think
what
the
EDC
made
its
decision
on
right
right
and
we're
not
getting
that
data.
From
what
you're
telling
me
well.
D
I
think
to
address
that
no,
but
I
think
you're
right
to
bring
that
up.
The
the
the
reality
is:
there's
a
difference
between
what's
actually
happening
and
what's
submitted
on
forms
right
now
on
the
cf1
form,
if
it's
submitted,
that's
them
certifying
formally
about
the
outcomes
of
their
Investments
and
and
and
that's
what
we
we
look
at
at
the
time
of
the
commitment
they
are
saying
and
we
are
putting
in
place
an
agreement
such
that
they
are
committing
to
a
certain
capital
investment.
Whether
or
not
they
capture
that
assessed
value.
D
D
They
don't
control
it.
It's
an
estimate.
We
don't
necessarily
anchor
our
decision.
What
we
anchor
our
decision
on
is:
are
they
making
the
capital
investment?
Have
they
made
the
capital
investment
and
then,
at
the
time
of
the
cf-1?
Are
they
are
they
actually
certifying
formally
that
they've
actually
made
that
capital
investment?
So
so
it's
a
little.
You.
A
Know
so
you
just
have
to
understand
I
understand
that
yeah,
it's
just.
It
seems
strange
to
me
that
somebody
will
say
they're
going
to
make
new
real
estate
investment
of
X
number
of
dollars
and
they
have
zero
value
for
assessed
value
right.
That
just
doesn't
make
any
sense
to
me,
because
real
property
is
going
to
be
assessed
at
something
greater
than
zero
right.
So
that
raises
a
red
flag.
I
mean
I.
A
Just
don't
understand,
I
understand
it's
not
going
to
be
perfect,
but
you
know
we
saw
it
on
on
some
of
the
previous
abatements,
but
zero
doesn't
make.
A
Then,
conversely,
you
have
new
real
estate,
investment
on
the
sb1
and
the
compliance.
Yes,
the
cf1-
and
we
already
talked
about
this-
comes
in
as
zero.
That
doesn't
make
any
sense
to
me
either
right
right,
so
ultimately,
I'm
comfortable,
the
catalan's
made
good
investment
I
mean
you
can
drive
down
the
road
and
see
that
it's
just
that.
If
we're
asked
to
look
at
these
data
and
say
compliant
or
non-compliant,
I'm
struggling
with
it,
yeah.
K
D
D
We'll
talk
about
the
new
abatement
to
the
pending
abatement,
but
despite
all
of
this,
it's
important
to
recognize
that
in
the
in
in
all
of
these
cases,
but
in
particular
in
the
case
of
Catalan,
the
abatement
has
been
wildly
successful
right.
We,
the
the
takeaway,
the
key
Takeaway
on
these
active
abatements,
is
they
committed
to
making
Capital
Investments?
They
far
exceeded
that
the
employees
employee
growth
associated
with
these
these
Investments
far
outseeded.
You
know
what
was
supposed
to
happen.
D
They
have
grown
four-fold
at
you
know
in
part,
as
a
result
of
the
the
increase
of
of
the
of
the
and
the
Investments,
and
this
is
exactly
what
we
would
want
to
see
in
the
case
of
a
tax
payment,
so
I
mean
I.
Think
it's
really
important
to
understand
that.
D
Are
there
challenges,
yes
in
the
process
and
in
fact,
that
you
know
being
able
to
vet
more
aggressively
the
the
in
the
inputs
up
front
or
determine
what
you
know,
what
exactly
needs
to
be
based
on
and
also
making
sure
that
we
have
correct
filings
at
the
time
of
their
compliance.
A
A
M
H
D
G
L
With
the
exception
being
the
assessed
values,
the
assessed
values
are
pulled
independently
from
the
County's
GIS
website
and
those
are
the
Improvement
assess
values
that
match
up
to
the
proposed
project.
Assessed
values
were
listed
on
the
sb1
and
they
are
in
the
2023
pay
2024
assessments
which
aligns
with
the
abatement
deduction
that
is
being
considered
in
these
hearings.
L
I
I'm,
certainly
looking
at
the
sb1,
the
original
SB
Alm
for
the
19.
abatement
and
I
mean
it
is
it's
a
terrible
form?
There's
the
sp1
is
a
terrible
form.
Let's
just
say
that
we've
had
those
kinds
of
issues
with
the
county
as
well.
It
just
doesn't
necessarily
make
sense,
but
I
mean
what
they
say
here
is
they
have
current
value
of
43
million
43.8
million,
then
plus
they're,
estimating
plus
estimated
value
proposed
project,
is
40
million.
H
That's
estimated
cost.
Oh.
D
E
E
Looks
like
that's
in
the
assessed
value
column,
which.
L
I
am
hearing
that
I
have
a
copy
here.
That
is
different
than
that.
So
I
think
we
should
likely
take
that
offline
and
and
circle
back
I
have
a
sp-1
real
property
for
that
resolution.
That
shows
only
10
million
of
estimated
values
of
Bose
project
and
no
assessed
value.
Okay,
I
think
there's
some
sort
of
discrepancy.
There.
G
G
Sometimes,
if
it's
that
was
going
into
an
existing
structure,
this
put
it
out
so
sometimes
when
you're
coming
into
something,
if
it
wasn't
called
out
initially,
sometimes
it
can
be
interpreted
you're
filling
that
out
there.
There
is
no
assessed
value
on
that
particular
build
out.
G
That's
why
sometimes
it
registers
at
zero
and
then,
after
the
reason
why
you
get
the
26
million
on
that
is
after
the
cf1
after
it's
went
in
the
build
out,
is
done
so
sometimes
I've
seen
that
before
too,
just
on
how
that's
interpreted
on
that
side,
so
that
made
because
it
wasn't
there
existingly
and
maybe
on
a
pro
rated
basis.
If,
if
the
structure
itself
assessed
out,
you
really
have
to
kind
of
say:
what's
that
work
out
on
a
square
foot
and
then
plug
that
in
and.
G
D
There
were
two
sb1,
so
we
will
We
Will
We
Will
validate
this,
certainly
by
the
time
we
get
to
council
and
we
will
communicate
with
all
of
you,
the
the
feedback
I
think
bottom
line.
As
far
as
we're
concerned.
We
know
that
work's
been
done.
We
know
that
job
growth
is
there.
We
think
that
this
is
a
you
know
very
positive
and
significant
investment
that's
being
made,
so
we
would
recommend
compliance
too.
K
This
is
the
Manpower,
so.
D
Yeah,
so
one
of
the
other
challenges
that
we
have
is
that
is,
is
how
to
think
about
how
to
think
about
incremental
Manpower.
When
it
comes
to
you
know,
they
have
aggregate
Manpower
growth.
How
do
you
have
to
attribute
that
specifically
to
individual
Fields?
D
So
what
we're
looking
at
here,
even
though
we
are
you
know,
looking
at
the
original
resolutions
on
an
aggregate
basis,
we're
looking
at
the
cumulative
job
growth
over
these
two
resolutions,
which,
as
I
was
saying
before,
is
it's
considerably
successful,
so
we
feel
like
from
a
Manpower
perspective,
even
though
it's
hard
to
untangle,
sometimes
you
know,
is
this
person
working
under
the
you
know
the
auspices
of
that
particular
resolution?
We
think
on
an
aggregate
basis.
This
is
a
significant
chop
growth
well
beyond
what
the
expectation
was.
J
M
A
D
Yeah
and
we'll
get
into
the
pending
separately.
B
So
we
actually
I
I
did
speak
to
McGuire.
Was
it
responsible
and
asked
for
their
actual
monthly
head
count
and
their
monthly
payroll,
and
when
you
take
into
consideration
what
they
do
at
the
year-end
headcount
against
the
monthly
payroll,
it
actually
works
out
to
be
about
sixty
six
thousand
dollars
a
year
per
employee
on
average.
B
B
So,
in
summary,
personal
property,
Capital
Investments
for
1506
exceed
commitments,
real
and
personal
property
for
1904
exceed
commitments.
Cumulative
employee
growth
significantly
exceeds
commitments
and
the
cf-1
data
reflects
the
total
annual
payroll
and
end
year
head
count.
Therefore,
staff
recommends
funding
of
substantial
compliance
for
capitalone
across
all
abatements.
D
The
so
that
those
are
all
the
active
abatements
we're
moving
away
from
an
active
abatement.
So
now
we're
talking
about
pending
abatements,
so
the
first
one
you
know
because
we've
been
talking
about
cattle
and
we
start
with
this
one.
So,
as
you
know,
in
2022
Catalan
approached
us
and
we
recommend
it
to
you
and
then
you
recommended
the
council,
an
abatement
that
had
essentially
three
different
requirements.
D
A
claw
back
provision
was
embedded
in
in
that
structure
and
the
three
requirements.
Actually,
the
technically
four
one
was
a
real
estate
investment.
One
was
a
personal
property
investment,
10
million
and
340
million,
which
was
a
pretty
significant
investment
commitment,
a
net
new
employee
account
of
1000
on
top
of
the
number
that
was
there
and
then
new
salaries
of
66,
000,
560,
66
I'm.
Sorry,
a
million
560
000
against
those.
So
those
were
the
components
of
the
abatement
that
we
presented.
You
were
you
recommended
and
were
ultimately
approved.
D
D
So
there
were,
there
were
two
employee
actions,
one
in
November
and
one
and
one
this
year
we
have
been
working
closely
with
Catalan
to
their
credit.
They
were
very
engaged
with
the
city
and
other
partners
in
terms
of
communicating
in
advance
of
what
was
going
to
happen.
So
we
had
a
pretty
good
idea.
We
have
an
understanding
that
they
are
making
Capital
Investments.
So
the
capital
investment
side
is
in
progress
and
they
have
had
substantial
Capital
Investments
and
will
continue
to
do
so
through
through
2023.
D
D
You
know
just
to
from
what
from
what
our
understanding,
and
certainly
what
we've
read
in
in
you
know
the
press
that
they
they
had
a
certain
inefficiency
as
they
built
up
during
the
pandemic,
so
they
had
an
not
only
a
kind
of
elevated
head
count,
but
they
also
had
they
had
to
bring
them
on
so
quickly
and
introduce
them
into
the
system
so
quickly
that
it
was
actually
inefficient,
so
they
discovered
not
discovered,
but
but
as
that
volume
has
decreased
of
pandemic
related
actions,
they
are
becoming
they
retooled
and
become
more
efficient.
D
So
it
is
a
very
hard
thing
when
employees
lose
their
jobs,
we
understand
that,
and
you
know,
and
a
lot
of
work
is
being
was
done
in
November
and
is
being
done
now
to
try
to
land
those
employees
in
a
way
that
is
as
as
easy
as
possible,
and
and
so
that
they
can
find
alternative
employment.
D
The
the
stabilization
of
the
employee
count,
which
is
roughly
in
that
you
know
2600
range
following
the
most
recent
action.
Catalent
believes
that
is
a
very
efficient
and
and
sort
of
well-constructed,
Manpower
account.
The
the
question
is:
will
they
ever
add
another
thousand
right
in
the
period
that
the
tax
payment
calls
for
which
was
the
end
of
2026.
D
and
the
the
answer?
Is
it's
unknown
right?
It's
unknown
what
whether
or
not
those
additional
Manpower
would
come
on
on
online.
So
number
one
Catalan
is
not
filing
the.
In
this
case
it's
a
deliberate
non-filing
of
a
cf1.
They
don't
want
to
trigger
the
beginning
of
a
tax
statement
because
they
know
they're
not
compliant
they
could
they
could
actually
get
the
benefit
of
it,
but
then
the
clawback
would
come
into
effect
and
so
from
a
liability
perspective.
D
They
would
prefer
at
this
time,
given
the
structure
of
the
tax
abatement
and
the
commitments
that
they've
made
for
that
tax
abatement,
not
to
file
cf1,
not
to
get
the
benefit
and
not
to
then
be
susceptible
to
a
callback.
D
You
know,
theoretically,
we
could
shut
the
tax
evapon
down.
You
know
it
would
be
our
recommendation
not
to
do
that
because
I,
you
know
it
doesn't
gain
us
anything.
It.
D
From
it,
they
haven't
benefited
from
it,
but
it
shuts
down.
You
know
an
option
whereby,
in
the
unknown
future
there's
a
possibility
that
they
could
actually
meet
their
commitments
by
2026..
So
what
we're
saying
to
you
right
now
is
this
is
pending.
We
don't
actually
advise
any
action
on
it
right
now
and
we
would
recommend
you
know
at
this
point,
just
kind
of
standing,
still
and
and
and
letting
this
thing
ride.
D
D
Years
for
the
duration
of
the
yeah
of
the
there's
actually
an
underlying
era
period
of
time,
so
that
sets
the
broad
parameters
within
which
the
abatement
can
exist,
but
they
can
sit
on
it
for
a
certain
amount
of
time.
I
think
there
is
that
window.
Larry
I
think
it
was
about
10
10
years.
In
addition
to
the
duration
of
the
there's.
A
A
D
So
that's
that's
the
catalent
any
questions
I
mean
it's
pretty
complex.
You
got
multiple
abatements
and
you
know
obviously
changes
along
the
way.
Do.
I
You
have
a
sense
of
how
much
of
the
committed
investment
has
been
made.
Yet
like
it's,
the
is
the
building
100
done.
Is
it
50
done?
We.
D
Have
gotten
indications
from
their
firm
we're
trying
we're
trying
to
get
you
know
as
as
concrete
information
as
possible.
I
mean
I
I,
certainly
not
100,
I
think
they're
they're
on
their
way,
I
think
they're
intending
to
make
Capital
investments
in
2026
to
complete
that
project,
and
we
are
really
trying
to
lock
down
those
numbers,
and
you
know
to
some
degree,
if
they're
not
triggering
I
mean
be
good
to
know,
we'll
know
what
the
assessed
value
so
from
a
real
estate.
D
This
is
primarily
a
personal
property
real
estate,
not
a
real
real
property,
so
our
assessor
only
does
the
real
property.
The
personal
property
is
self-reported
right,
but
both
come
across
our
desk.
So
we're
going
to
have
this
we're
gonna,
we're
gonna
know
what
the
assessed
value
associated
with
that
is
in
the
years
ahead.
D
B
Two
more
slides
left
real.
B
Also
pending,
this
was
approved
in
2021.
they're
still
under
construction
and
I.
Think
under
our
advisement
we.
B
Haven't
filed,
they
haven't
even
triggered
the
abatement
yet
they're,
still
under
construction
and
they're
having
some
difficulties
with
that.
So
we'll
see,
hopefully
we'll.
D
See
so
there
were
delays
in
this
project
they
ran
into
so
the
site
which
was
the
former
night
move
site
is,
is
a
former
Dumping
Ground
for
Limestone
that
came
off
of
the
Limestone
cutting
facilities
that
were
used
to
be
right
along
the
switchard
park?
They
ran
into
that
in
their
construction
process
and
and
it
delayed
somewhat
significantly
the
schedule
for
the
development.
But
if
you
drive
down
there
you'll
see,
there's
an
elevator
Tower
built,
you
know.
D
Certainly
project
is,
is
muscling
forward
to
the
extent
it
can
and
and
yeah
we'll
see
where
that,
where
that
goes.
B
J
M
D
So
we
we
think
this
is
a
great
project.
We
think
it
was
definitely
a
good
recommendation
to
support
it.
We
do
understand
that
there
are
a
couple
of
things.
D
One
is
that
particular
construction
issue
and
then
there's
obviously
the
rising
cost
of
construction
that
that
also
impacts
all
of
the
stuff
that's
happening
around
here,
but
but
in
this
particular
case
you
know
the
strategy
for
the
for
supporting
it
was
that
is,
that
is
one
of
the
most
visible
important
sites
along
the
new
Switch
Art
Park,
which
is
a
great
asset,
and
we
wanted
to
provide
affordable,
affordable
housing
for
people
near
that
amenity.
D
The
market
would
not
have
yielded
naturally
affordable
housing,
so
becoming
involved
in
it
from
a
land
value
and
a
and
a
tax
abatement
perspective.
What
made
sense
to
us.
B
All
right
so
other
activity
this
year
or
I'm,
sorry
in
2022
in
January,
a
real
and
personal
property
abatement
for
cattle
and
LLC
was
passed
by
the
Bloomington
common
Council
in
February
of
2022
compliance
on
or
before
December
31st
of
2026,
at
315
million
in
real
and
personal
property
investment
and
900
new
full-time
jobs,
June
approved
project
expenditure
and
financing
agreement
for
Citywide
fiber
internet
with
Hoosier
Network's,
LLC,
Meridian,
part
of
the
creation
of
a
new
tax,
increment
financing,
District
or
Tiff
for
business
property.
B
October
recommended
issuance
of
an
of
Economic
Development
revenue,
bonds
for
the
renovation
of
Country,
View
Apartments,
2500,
South,
Rockport,
Road,
renovation
of
a
206
unit,
affordable
apartment,
complex
receiving
Indiana,
low-income
housing,
tax
credit
or
lightec,
and
Rental
housing,
tax
credit,
RH,
TC,.
B
That's
it
for
us
thanks
so
much
if
you
have
any
more
questions
for
myself,
Alex
or
Adam,
we
are
more
than
happy
to
take
those.
D
Mean
I
would
I
would
hope.
Oh
wow
I
would
recommend
that
you
know
given
our
recommendations,
so
so,
with
the
exception
of
the
urban
station.
One
which
again
is
is
not
negative
judgment.
It's
just
a
non-judgment
at
this
point
that
we
would
ask
you
to
consider
edc's
recommendation
to
advance
this,
which
may
take
a
slightly
different
form
in
terms
of
re-stacking
the
numbers
to
to
make
sure
we
have
it
right
according
to
sb1s
and
and
then
we
would
bring
that
to
Council
on
the
on
the
14th.
E
My
record
so
I
think
really
what
you're
approving
here
is
the
approving
the
report
as
given
so
to
include
that
non-recommendation
to
council
just
drawing
their
attention
to
what's
going
on
with
Urban
station.
In
the
meantime,
we'll
try
to
gather
some
data
to
give
Council
an
update
during
that
meeting
so
that
they
can
have
a
fuller
picture
of
what's
going
on
with
Urban
station,
but
that
seems
to
be
what
it
was
included
in
the
report.
So
that
would
be
the
the
vote
here.
H
Can
I
clarify
going
back
to
Urban
station
what
what
then
the
recommendation
to
the
council
would
be
and
what
courses
of
action
it
sounded
like
there
was
the
the
option
to
trigger
like
a
legal
notice
in
30
30
day
period
for
appeal,
and
that's
that
would
be
probably
the
staff
recommendation.
Is
that
right.
E
M
D
And
I
think
we
would
want
to
recommend
a
less
harsh,
definitive
at
least
initial
step,
largely
because
we
did
do
you
know
in
working
with
hand
understand
that
at
least
according
to
the
compliance
documentation
they
they
submitted
in
2022.
They
that
the
they
were
meeting
appeared
to
be
meeting
their
commitments.
We
just
so
so.
We
do
hope
that
that
is
a
filing
oversight
and
and
that
they,
you
know,
can
can
come
back
and
appeal
successfully.
We
just
don't
know.
C
With
the
sort
of
toward
the
flexibility
to
make
Corrections.
C
D
So
you
know,
I
just
do
want
to
reiterate.
Dee
has
done
a
tremendous
job.
Putting
this
together
a
lot
of
work.
Nobody
is
born
knowing
how
to
do
a
tax
abatement
presentations.
Well,
so
I
don't
want
to
speak
for
all
of
you,
but
certainly
we
weren't.
So
it
takes
a
certain
learning
curve
and
also
you
know
not
to
disparage
other
communities,
but
I
think
that
you
know
there
are.
D
There
are
a
lot
of
communities
that
kind
of
rubber
stamp
these
things
right
and
and
don't
even
look
at
them,
which
I
think
was
a
little
shocking
to
hear,
but
we
are
certainly
not
doing
that.
We
are
trying
to
scrutinize
these,
to
the
extent
that
we
can,
if
we
have
the
correct
filing
information,
we
appreciate
the
edc's
support
of
of
these
tax
abatements,
like
I,
said
I.
Think
in
almost
every
case,
with
the
exception
of
one,
we
don't
you
know
the
the
one
we
don't
really
know
about.
D
It
is
a
very
effective
way
to
get
the
outcomes
that
we're
trying
to
get
in
some
cases
in
affordable
housing
flying
against
the
face
of
what
Market
Market
would
ordinarily
yield.
In
other
cases,
you
know
bringing
some
public
support
to
really
Drive
job
growth
and
capital
Investments.
D
So
we
will
look
forward
to
coming
back
to
you
with
the
analysis
that
we
intend
to
do
between
now
and
probably
the
end
of
the
year,
looking
at
a
much
more
detailed
understanding
policy
decisions
that
we
might
recommend
to
both
EDC
and
Council
when
it
comes
to
tax
payments.
But
for
the
time
being
we
think
this
is.
This
is
good.
It's
getting
what
we
intended
it
to
do
without
really
putting
us
at
a
tremendous
risk
relative
to
the
the
Investments.
A
B
B
The
next
one
is
July
14.
D
I
don't
know
my
computer
shut
down
and
we'll
be
in
touch
in
advance
about
that.
If
there's,
no
really
new
business,
we've
done
the
key
cleanup.
The
cleanup
of
the
minutes,
the
officers
and
this
presentation
there
may
be
tax
statements
coming
along,
we're
not
sure,
but
but
we'll
deal
with
that
in
advance.
I.