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From YouTube: December 9, 2021 Bloomington Port Authority Meeting
Description
Bloomington Minnesota Port Authority Meeting
A
B
D
B
F
F
B
G
Thank
you,
mr
president,
commissioners.
So
this
item
relates
to
the
fact
that
we're
meeting,
mostly
virtually
this
evening,
a
determination
was
made
by
the
city
and
ports
legal
staff
that
we
can
conduct
meetings
this
way
due
to
coved,
and
so
this
is
the
the
legal
part
of
that
we
are
here
in
person
in
the
council
chambers.
A
couple
of
us,
the
majority
of
the
the
council.
G
B
C
F
B
G
Think,
thank
you,
mr
president
and
commissioners,
so
that
this
is
an
annual
to
do
for
us.
What
this
does
is
allows
the
port
authority
to
hire
city
staff
to
administer
the
port
authority,
and
so
that's
jason,
becky
myself
and
then
little
pieces
of
lots
of
others
within
the
city.
Lori
is
a
cfo,
the
city
manager
bills
a
bit
of
time
back
to
the
port
authority
and
others,
and
so
very
similar
to
last
year.
B
F
C
B
B
I
I
I
However,
due
to
market
conditions
from
construction
costs
to
the
supply
chain
and
labor
issues,
the
developer
has
pushed
back.
The
construction
start
start
date
to
the
spring
of
2022,
and
so
in
order
to
capture
the
tax
increment
from
this
increase
from
the
increased
valuation
on
this
project,
the
developer
and
city
staff
is
recommending
that
we
push
back
that
first
year
of
tax
increment
from
2023
to
2024
to
account
for
this
construction
delay
with
which,
in
addition,
then
we're
also
looking
to
then
extend
the
expiration
date
back
one
year
as
well
to
2049..
I
I
B
B
H
A
F
F
B
J
H
J
B
G
Mr
president,
commissioners,
just
our
legal
staff
is
reminding
us
that
we
need
to
hear
the
votes
by
state
law
in
order
for
them
to
to
be
recorded,
and
so
hopefully
we
can
work
through.
Commissioner
lunz's
audio
issues,
but
I
don't
think
we
can
formally
record
those
votes
carolyn
because
we
can't
hear
him.
So
this
is
a
state
law.
So
we'll
work
through
that,
hopefully,
before
the
six
o'clock
meeting.
B
I
I
Just
to
give
you
guys
another
quick
overview
of
this
project,
so
back
in
august
of
2020,
the
port
authority
commission
approved
a
housing
tax,
increment
financing
district
for
both
to
include
both
phase
one
and
phase
two
of
the
american
square
project
to
assist
in
the
future
phase
two
affordable
housing
project,
and
so
just
to
give
you
a
quick
overview
so
phase
one
which
is
called
the
ardor.
That
once
again
is
a
242
unit.
Market
rate
apartment
potential
construction
revised
is
spring
of
2022..
I
The
last
time
we
were
before
you,
the
developer
was
looking
at
either
the
fall
of
2020
or
the
spring
of
2021.
However,
due
to
once
again
due
to
market
conditions
and
stuff,
that
project
has
been
delayed
and
they
are
hoping
to
start
construction,
this
coming
spring
in
2022,
the
second
phase
phase:
two,
that's
potentially
it's
a
preliminary
project.
I
Our
excuse
me
need
to
approve
the
tax
increment
financing
district
and
then
the
cap,
the
tax
increment,
is
captured
from
both
districts
with
which
then
the
tif
assistance
will
go
strictly
to
phase
two
to
the
affordable
project,
and
so
no
none
of
the
tax
increment
financing
is
going
to
the
100
market
rate
project.
The
phase
one
once
again,
this
project
is,
is
located
east
of
34th
and
south
of
american
boulevard.
I
And
so,
similarly
to
the
rosa
project,
the
developer
and
staff
is
looking
to
push
back
the
tif
plan
first
increment
to
2024
to
reflect
the
construction
delay
of
the
phase
one
market
rate
project.
In
addition,
we're
also
looking
to
then
push
back
the
expiration
date
on
this
tif
plan
to
december
31st
of
2049,
making
it
a
full
25-year
tax,
increment
district,
and
so
with
that
staff
recommends
the
following
motion
on
the
screen
and
I
am
available
for
any
questions.
B
E
I
L
Amazing
amazing
yeah.
As
you
all
know,
it's
been
a
pretty
interesting
last
18
months
in
in
the
construction
development
side
of
the
world,
we'd
actually
gone
through
a
stand
where
we
had.
One
of
our
investor
groups
actually
try
to
buy
the
project
from
us
and
then
fail
to
get
it
done.
So,
mr
kating
and
myself
and
our
group
is
back
running
the
project
again
full
boat,
and
we
have
we
actually
met
with
our
contractors
this
morning.
L
We're
hoping
to
finalize
bids
here,
probably
by
the
first
of
the
year
and
both
contractors
are
looking
for
a
march
or
april
start.
So
in
today's
world.
There's
no
100,
but
I
sure
feel
we're
kind
of
in
that
90
plus
of
where
we're
going
right.
Now
costs
are
a
little
bit
higher,
but
I
think,
with
in
the
same
time
frame
some
of
the
rents
have
have
moved
up
a
little
bit,
but
not
as
much
as
it
costs,
but
we're
still
very
confident
that
we
are
in
the
right
position
to
move
forward.
L
B
A
B
F
C
B
H
B
Well,
before
we
we
we
go
into
a
temporary
adjournment.
I
just
it's
the
end
of
the
year
and
I
just
want
to
express
my
gratitude
to
the
staff
for
all
the
diligent
work
they've
done
this
year.
We
we've
had
two
very
difficult
years
in
a
row
and
I
think
the
extra
hours
and
the
time
and
the
dedication
and
dealing
with
these
things
that
we've
had
many
difficult.
E
B
B
I
know
the
same
thing
goes
for
for
jason
and
becky
and
and
everybody
else
involved,
so
we're
we're
truly
fortunate
to
to
have
staff
and
and
it's
we're
back
to
the
the
mode
that
we
had
unfortunately
had
to
get
used
to
operating
in,
for
I
guess
almost
two
years
in
terms
of
of
being
remote-
and
I
know
personally,
I
enjoyed
being
able
to
sit
at
the
table
and
actually
see
people
and
and
have
a
chance,
maybe
to
sit
hello
and
pass
on
greetings
and
do
whatever
before
and
after
meetings.
So.
B
You
know
my
standpoint
and
and
I'm
in
a
situation
where
we're
especially
I'm
especially
grateful
this
year,
because
my
wife
didn't
know
she
had
multiple
myeloma
at
the
start
of
the
year,
we're
now
in
a
situation
where,
through
modern
medicine,
she
said
a
stem
cell
transplant
and
and
and
their
last
one
biopsy
was-
was
free
of
any
myeloma.
So
again,
like
many
of
you,
we
have
many
things
to
be
thankful
for
so
I
I
don't
know
shane,
do
we
or
did
we
just
temporarily
pause
or
how
do
we
handle
the
our
20-minute
break?.