►
From YouTube: October 13, 2021 Bloomington Port Authority Meeting
Description
Bloomington Minnesota Port Authority Meeting
A
B
B
A
A
D
A
D
D
Yeah-
and
so
I
am
yeah-
it's
been
my
privilege
to
be
able
to
work
with
him.
Okay,
so
at
any
rate
we
will
go
through.
I
am
carolyn.
I
don't
believe
I
can
share
my
screen
and
if
we
can't
I
can
just
kind
of
go
through
the
pages,
because
I
believe
everyone
has
their
computer,
we
could
just
get
on
with
the
the
first.
You
know
the
item
is
we're
at
obviously,
as
we
said,
we're
asking
the
port
authority
board
to
approve
the
general
fund.
B
D
D
D
So
this
is
just
kind
of
the
the
chart
of
all
the
port
authority
funds.
As
you
can
see,
it
just
keeps
growing
and
growing,
which
must
mean
that
we're
doing
a
lot
of
good
work
here
at
the
port
authority.
So
the
first
thing
that
I
would
like
to
show
you
is
this
wonderful
little
well,
okay,
maybe
it's
not
very
little,
but
the
kind
of
schedules
of
what's
going
on
with
the
port
in
more
of
a
graphic
manner
and
tells
about
where
the
funds
happen.
D
D
Otherwise
you
know
the
family
came
in
a
couple
years
ago,
so
onward
and
upward
to
the
next
one
would
be
the
general
fund
budget
this
year.
Excuse
me
for
2022,
we
are
looking
for
salaries
and
benefits
of
382
500..
This
is
an
increase,
and
this
is
because
we
are,
you
know
we
are
looking
at
having
another
additional
fte
that
is
noted
down
below
as
well.
100.
D
Yes,
yes,
so
I
mean
that
the
total
wages,
of
course
are
split
between
the
general
fund
and
the
tif
admin
funds,
so
the
mall
of
america,
one
two
and
bloomington
central
station
as
the
person
works
on
it
any-
and
I
shouldn't
say
just
the
new
fte,
I'm
talking
about
any
all
of
us
that
work
on
this.
Our
wages
get
split
as
we
do
the
work
for
each
of
these
areas,
so
material
supplies
and
services
are
125,
000.,
we're
kind
of
keeping
those
where
we
are
at
again.
D
We
do
have
transfers
anticipated
to
go
out
to
the
and
american
square
tiff
admin
funds.
Those
are
because
we
really
are
looking
at
them
not
generating
enough
well,
not
generating
any
tiff
at
this
point,
and
so
we
would
probably
need
it
and
then
there
will
be
a
transfer
in
from
the
south
development
fund.
We
are
anticipating
that
the
fund
balance
at
the
end
of
2022
is
46
and
600
and
change.
D
I
will
then
I'm
going
to
kind
of
race
through
the
rest
of
them,
because
I
know
that
you
guys
have
a
time
frame
on
this
as
well.
So
this
is
our
special
projects.
As
you
may
recall,
the
special
projects
funds
really
was
the
destroyed
value
that
we
had
in
there.
There
was
about
160
the
thousand
dollars
sitting
in
this
fund.
We
are
anticipating
next
year
to
be
able
to
use
it
with
the
met
center
parking
and
skyway
development
item,
and
so
that
funnel
will
be
gone
away.
D
The
next
I
next
one
that
we
are
just
asking
you
is
the
mall
of
america
admin
funds
for
the
two
tif
districts
there.
These
are
put
together,
of
course,
as
we
as
we've
been
presenting
them,
for
you
know
for
quite
some
time
now,
and
the
interest
earning,
of
course,
is
going
down.
But
I've
got
to
tell
you
you
know.
D
When
we
look
at
investments,
it's
not
really
doing
a
whole
lot,
so
professional
services
is
and
fifty
one
thousand
two
fifty
wages
and
salary
is
just
a
shy
of
four
hundred
thousand
dollars
that
we're
anticipating
for
the
new
projects
that
we'll
be
doing
there,
because
that's
where
all
this
stuff
goes
ending
fund
balance
is
at
fourteen
million
one
hundred
and
eighty
nine
thousand
four
hundred
and
ninety
one
dollars
is
what
I
our
projections
are.
That's
for.
Excuse
me,
I'm
sorry
that
was
in
2023
I
passed
over
2022
interest
earnings.
D
A
D
C
Thank
you,
mr
president
and
commissioners.
Yes,
the
arf.
The
administration
and
reserve
fund
can
be
used
outside
of
the
2016
mall
of
america
contract,
but
only
within
the
industrial
development
district,
which
is
ostensibly
self-loop
and
so
roughly
three
to
four
percent
of
it,
as
you
can
see,
is
used
for
staff
and
other
costs,
and
we
have
three
to
three
to
six
to
seven
percent:
that's
available
for
larger
use,
but
only
within
the
industrial
development
district.
D
D
D
But
what
you'll
notice
mostly
is,
of
course,
the
tr.
What
we're
anticipating
for
uses
we're
we're
looking
at
36
500
being
used
for
the
parking
in
the
skyway
in
both
2022
and
2023,
and
then
of
course,
the
next
thing
is
your
transfers
out,
which
is
your
10
of
the
tif
that
comes
back
in
to
go
into
the
administrative
and
reserve
funds
in
20
end
of
2022.
Our
anticipation
is
that
we
would
have
approximate
fund
balance
of
67
million
371
and
in
2023
40
million
60
000
and
change
as
well
going
further.
D
We
have
rosa
admin
fund.
This
is
the
new
one
that
we
just
set
up
for
the
new
tif
district
that
we
are
going
to
be
doing,
which
this
is
a
housing
district,
we're
looking
at
as
we
as
I
mentioned
at
the
earlier
part.
When
we
were
talking
about
the
general
fund,
it
looks
like
in
2022
and
in
2023.
We
will
be
bringing
in
some
money
from
that,
and
then
you
know
about
the
same
amount
of
money
that
we're
anticipating
for
professional
services
and
expenditures.
D
We're
looking
at
this
fund
in
particular,
if
you
read
the
narrative,
we'll
actually
start
getting
tiff
in
it.
I
believe
in
2024
and
then
we'll
start
being
able
to
pay
back
the
general
fund
for
these
five
thousand
dollar
loans
that
we're
giving
them,
and
you
can
kind
of
see
that
there
is
no
activity
in
the
capital
projects
fund
for
rosa,
because
we
will
not
be
receiving
any
tiff.
D
We
are
looking
at
once
that
happens.
It'll
look
contrary
to
the
other
one
other
districts
where
we're
taking
ten
percent
of
the
tif,
we'll
only
be
taking
five
percent
of
the
tif
collected,
because
there's
not
as
much
of
an
administrative
in
these
funds.
So
that's
why
we're
doing
it?
Next
I'd
like
you
to
present
the
american
square,
administrative
and
reserve
fund.
This
again,
we
are
looking
at
in
2022
and
2023,
approximately
five
thousand
dollars
of
professional
services
and
wages
and
salaries
for
both
of
those.
D
Now,
here
we
are
looking
that
we
might
be
getting
money
in
in
2013,
because
there
will
be
a
transfer
in
from
the
general
fund
of
about
five
thousand
dollars
in
2022,
but
back
in
2023.
If
you'll
notice,
it
looks
like
we're
going
to
be
able
to
pay
back
the
general
fund,
some
of
that
money
that
we've
given
them,
then
that
we
will
be
taking
in
money
in
from
the
admin
and
also
pooling
and
it,
and
I
think
shane
does
an
exceptional
job
of
telling
us
what
that
pooling
is.
D
Is
this
is
going
to
be
money
that
we're
setting
aside
for
the
next
phase
of
the
american
square
capital
project,
so
there's
going
to
be
money
in
there,
so
it's
we'll
be
taking
the
10
for
the
admin
and
then
we're
also
going
to
be
holding
an
extra
additional
ten
percent
of
tif
for
pooling
for
use
for
the
next.
So
in
2022
we're
really
very
little
fun
balance.
D
So
as
we
go
on
to
the
next,
then
the
american
square
capital
projects
fund.
It
looks
like
there's
where
we're
showing
that
we're
going
to
be
receiving
173
248
in
property
tax
increment,
which
will
be
kind
of
nice
and
then
we're
gonna
in
2023.
Nothing
will
be
coming
in
in
2022.
So
that's
still
blank
again.
Approximately
70
069
299
is
what
we
have
for
their
accounted
value
earned
and
then
you'll
notice.
D
Then
we're
getting
in
transfers
from
the
lennar
fund
from
the
family
fund
and
the
bcs.
We
keep
these
all
separate
because
of
the
way
we
are
doing
the
accounting
with
them
to
keep
them
all
together
would
be
difficult.
Let's
just
say
that,
and
because
we,
when
we
get
the
cat,
the
tiff
money
in
it's
from
we
separated
or
thankfully
mark
reichel
and
becky-
have
this
great
working
relationship
to
try
to
separate
the
money
that
we
get
from
tiff
as
to
how
much
of
it
is
from
lennar.
D
How
much
is
it
friendly
and
what
is
from
the
bcs
that
we
have
been
doing
all
over
up
to
this
point.
So
a
total
pro
monies
that
we're
anticipating
in
2022,
coming
in
as
the
10
tif
transfer
admin
transfer
excuse
me
is
378
000
in
2022
and
418
000
in
2023,
so
we're
going
to
end
up
with
a
fund
balance
of
710
000
147
at
the
end
of
22
and
at
the
end
of
23.
A
D
Yeah
up
to
2019,
it's
been
negative,
so
then,
I'm
going
to
next
direct
us
our
attention
to
the
bcs
capital
projects
fund
for
the
stuff
that
we
have
been
doing.
This
is
the
quote
older
stuff
that
we've
been
doing
in
there
and
the
amount
money,
as
you
can
see,
has
been
really
growing
forth.
The
amount
of
of
the
tif
that's
come
in.
Of
course
it
did.
A
D
Is
not
a
whole
lot?
Okay,
that
I
will
really
rip
through
these
last
couple
of
slides
that
are
out
here,
so
the
lennar
debt
service-
there's
really
nothing
happening
in
this.
This
is
just
the
fun
that
we're
we're.
Looking
at
debt
service,
you
know
the
prop
portion
of
the
property
tax.
We
do
keep
a
fund
balance
in
here
that
will,
you
know,
for
the
next
year's
debt
service
payment,
the
lennar
projects.
D
D
So
at
the
end
of
2022
is
770
000
and
change
and
23
is
1
million
234
and
the
fenry
is,
you
know
again
same
thing
property,
and
you
know
the
stuff
that's
coming
in,
for
your
property
tax
increment
is
kind
of
cramping
right
up
there
as
the
projects
are
getting
done.
So
we
do
have
that
pay
go
note.
That's
on
there
on
this
particular
fun
transfer
is
out
again
for
the
admin
we
keep
the
fund
pretty
much
at
the
minimum
amount.
D
That's
in
there,
so
the
fund
balance
in
2022
is
8005
and
in
2023
7550,
and
that
is
the
end
of
the
end
of
this.
So
this
is
what
I
was
telling
you
this
overview
of
the
port
authority
funds.
I
ask
you
know
if,
when
you
have
the
time
to
read
it,
because
I
think
it's
a
very
interesting
and
it's
a
very
comprehensive,
you
know
information.