►
Description
Bloomington City Council/Port Authority Concurrent Meeting
A
A
Present
we
have
three
members
of
the
city
council
missing
this
evening,
but
we
do
have
a
quorum
of
the
city
council
with
council
member
carter,
house,
member
coulter,
council
member
martin
and
myself
in
attendance.
A
E
F
Commissioner,
keller
may
have
stepped
away.
He
will
not
be
participating
until
the
last
item.
B
C
A
E
B
F
Thank
you,
mr
president.
The
second
item
on
the
agenda
is
a
city
council
and
port
authority
item
and
with
your
consent,
mr
president
and
mayor,
I
will
just
get
right
into
it
very
good.
E
F
Carolyn,
can
you
make
me
the
presenter
and
I
will
start
a
powerpoint.
F
F
Okay,
all
right
thanks
everybody
for
getting
together
tonight
to
consider
the
various
documents
and
have
a
public
hearing
related
to
the
sick
development.
F
It's
a
project
that
the
city
and
port
authority
have
been
working
on
for
about
two
two
years
now,
actually,
obviously
covet
has
affected
a
number
of
things,
but
really,
as
it
relates
to
this
project,
it's
only
affected
the
timing.
So
I
will
go
through
some
history
with
the
alpha
and
interstate
site,
we'll
do
an
overview
of
the
sick
project.
How
we
got
here
we'll
go
through
the
agreements
that
are
up
for
consideration
tonight,
we'll
have
a
presentation
by
the
sick
management
group.
F
B
A
F
All
right,
president
erickson
knows
all
these
slides
fairly
well
anyway,
and
I
know
he
has
the
packet
in
front
of
him,
but
his
experience.
E
F
Do
technical
technical
difficulties
I'll
just
say
that
so
that
it's
on
the
record,
so
the
south
loop
plan
approved
in
2013
to
transform
this
dispersed
suburban
commercial
area
into
a
walkway
neighborhood
you've
seen
this
slide
a
fair
amount
in
the
past,
the
plan
was
approved
back
in
2013
and
I
will
be
discussing
with
other
staff
and
planning
and
port
authority
members
whether
or
not
we
should
start
work
in
the
next
year
or
so
on.
Updating
the
self
loop
plan.
F
There
are
some
some
obvious
gaps
in
the
plan
now
that
it's
some
seven
plus
years
old,
but
this
is
the
current
mission
statement
for
the
southwest
plan
to
build
on
the
district's,
unique
mix
of
assets,
transform
the
densities,
accelerate
development,
make
it
a
branded
place
and
do
that
as
sustainably
as
possible.
F
The
port
authority
has
delivered
a
number
of
projects
to
that
goal.
These
are
just
the
private
development
ones
that
we
were
involved
in
there's
another
list
that
I
keep
that
counts
all
the
private
development
that
has
happened
that
we
haven't
been
involved
in
and
infrastructure
and
we're
well
over
a
billion
dollars
worth
of
stuff.
That's
happened
out
there
since
about
2013
when
the
plan
was
approved,
so
a
lot
has
happened
and
more
to
come,
interstate
and
alpha.
F
Technically,
the
city
was
involved
as
well,
and
the
interstate
owners
because
of
the
north
south
runway
that
was
put
in
and
through
that
settlement
of
that
condemnation
proceeding,
the
city
became
eventual
owners
of
it.
After
a
number
of
years,
where
interstate
was
a
tenant
and
paid
lease
payments
to
the
mac
and
then
a
few
payments
to
the
city
bottom
line,
is
we
ended
up
with
that
site
as
well?
F
We
operated
the
alpha
sites
for
a
while,
and
then
we
sold
those
off
for
redevelopment
with
alpha
5
being
the
last
building
that
we
took
down
in
the
last
couple
of
years
and
interstate
has
since
moved
part
of
their
operations
to
other
parts
of
the
metro.
They
still
do
hold
a
presence
in
south
loop
right
next
to
the
freeway.
You
probably
see
the
sign
occasionally
as
you
look
to
the
south,
if
you're
traveling
on
the
eastbound
lanes,
you
can
see
their
headquarters.
Building
is
still
there.
F
So
alpha
a
and
b
now
were
flipped
a
little
bit
north
is
to
the
left
of
this
drawing
template.
Suites
was
developed
by
teratron,
as
well
as
the
alpha
b
site
on
the
right,
with
ac
by
marriott
the
element:
hotel,
the
hazelwood
restaurant
and
the
other
retail
spaces
there,
and
with
the
port
authority
and
city
building
a
parking
structure
for
that
called
three
parcel
development
there.
F
Obviously
things
are
super
challenging
right
now
in
the
hotel
world.
The
element
hotel
was
the
last
piece
of
that
that
opened
right
before
the
pandemic
hit
literally
like
a
week
or
two,
and
we
did
lose
the
grind
coffee
shop,
that
was
our
standalone
non-chain
coffee
shop
at
the
south,
end
of
that
hazelwood
building
and
we're
looking
at
other
options
there.
F
These
are
just
the
renderings
and
final
pictures
of
a
few
of
those
developments
that
happen
on
the
alpha
a
and
b
sites,
and
then
that
led
to
the
alpha
5
site,
and
so
we
had
been
working
with
a
number
of
entities
to
mark
the
site
for
various
developments.
We
went
as
far
as
to
create
some
drawings
to
market
the
site
too
some
office
users
mostly
and
things
like
that,
and
how
the
site
could
be
laid
out
with
structured
parking
to
to
make
it
as
dense
as
we
could.
F
We
had
a
rendering
done
for
various
reasons.
This
looks
a
little
residentially,
but
the
point
is
is
to
show
density
on
the
site
and
how
that
would
fit
in
with
the
neighborhood
and
really
what
we
got.
This
was
all
pre-pandemic,
of
course,
was
a
lot
of
interest
in
hotel
flex
service,
hotel
development
on
the
site.
F
There
were
a
few
other
leads
and
we
had
been
working,
in
particular
with
mcguff,
to
market
the
site
for
a
lot
of
different
types
of
office
use
and
some
of
those
would
get
traction
and
others
wouldn't,
but
the
the
primary
interest
was
from
select
service,
hotel
developers
and
pre-pandemic.
F
We
studied
these
numbers
constantly
in
fact
had
a
meeting
on
it.
Earlier
today,
the
occupancies
pre-pandemic
were
still
just
stellar
for
bloomington
hotels,
then
the
pandemic
hit
and
everything
changed,
and
so
2020
we're
still
projecting
9700
hotel
rooms
in
town,
but
I've
kind
of
shaded
that
top
end
of
that
bar,
because
there
is
discussion
of
converting
some
of
those
hotels
either
into
residential
uses
or
in
some
cases,
shelter,
use.
And
that
is
a
moving
target.
F
And
that's
why
I
didn't
put
a
specific
number
on
that,
because
we
won't
know
the
true
impact
of
the
pandemic
on
the
hotel
industry
for
a
while.
Yet,
but
the
hotel
industry
will
come
back,
but
it
was
really
strong
before
the
pandemic
and
obviously
now
it's
operating
at
about
30
of
normal
revenue.
F
The
site
is
challenged
by
height
limits
as
well,
and
so
you
couldn't
put
a
radisson,
blue
or
jw
marriott
or
reflections
condo
tower
on
the
site
due
to
the
airport
height
restrictions,
it's
about
a
14
acre
site.
Actually
the
site
extends
further.
This
way
this
was
a
drawing
that
we
had
created
to
square
the
site
off,
but
it's
about
14
acres
and
it
is
limited
to
about
80
or
90
feet
depending
on
where
you
are
on
the
site.
F
It
does
have
some
environmental
challenges
as
well:
interstate
and
the
mac
in
the
city
when
they
struck
the
deal
to
purchase,
call
it
the
north
portion.
The
interstate
parcel
is
the
three
parcels
north
of
this
red
line.
F
It's
been
an
ongoing
negotiation
with
interstate
2
to
get
those
bills
paid
by
interstate,
because
part
of
the
deal
that
was
struck
back
when
the
sale
for
the
city
happened
was
that
interstate
would
be
responsible
for
environmental
contamination
and
cleanup
and
we're
in
a
position.
Now,
where
we've
done
all
the
cleanup
that
we
are
aware
of
to
be
able
to
build
the
sick
property
and
literally
just
a
week
or
so
away
from
invoicing
interstate
for
those
final
bills
and.
F
Then
we
believe
that
we're
done
and
sick
will
be
able
to
build
our
project
without
hitting
anything
new,
but
you
just
never
know
until
you
start
digging.
I
suppose
the
other
thing
that
we
discovered
through
the
process
here
with
sick
is
that
the
site
has
a
large
excel
decline.
F
That's
going
to
happen
on
the
south,
half
of
the
I'd
call
it
and
I'd
get
into
that
here
in
a
second
a
little
bit
with
a
better
drawing
these
aren't
the
actual
contamination
fields.
This
was
a
little
bit
earlier,
drawing
of
of
what
the
contamination
looked
like,
but
I
put
it
here
because
it
kind
of
shows
generally,
where
that
that
stuff
was
encountered,
and
so
the
city
had
been
aware
of
sick
for
a
number
of
years
through
the
port
authority's
involvement
with
the
foreign
trade
zone.
F
They
were
a
foreign
trade
zone
user
in
bloomington
and
then
since
had
moved
that
foreign
trade
zone
for
part
of
their
operation
to
a
building
and
not
south
of
the
river
that
they
had
rented,
and
so
I
currently
sit
as
the
president
of
the
porn
trade
zone
in
the
metro,
and
so
we
knew
that
they
were
growing
and
doing
well
through
our
activities
with
with
that
foreign
entity
and
and
had
been
in
contact
with
them
about
a
potential
expansion
in
town
looking
at
their
existing
site.
F
They
own
in
southwest
bloomington,
and
there
really
isn't
land
to
expand
there.
And
so
we
had
this
on
site
in
south
loop,
which
six
plans
and
our
plans
for
self
loop
seem
to
mesh
up
pretty
well.
The
real
issue
is
that
the
site
isn't
big
enough
for
building
what
sick
wanted
to
do
in
surface
park
it,
and
so
that's
what
we've
done.
A
lot
in
south
loop
is
to
mitigate
the
cost
of
structured
parking
for
projects.
I
mean
that
started
back
in
the
late
80s
and
early
90s
with
mall
of
america.
F
You
know
that
project
couldn't
have
been
built,
while
shouldering
the
cost
of
the
structured
parking
same
thing
is
true,
with
lots
of
projects
including,
for
example,
the
terratron
projects
on
alphabee.
F
If
you
want
things
dense,
it
costs
structured
parking
in
this
area,
can't
support
the
cost
of
structured
parking
yet
with
the
rents
that
you're
going
to
get
from
various
developments,
and
so
the
site's
only
14
acres
and
so
got
some
other
challenges,
and
that's
why
the
city
is
involved
in
adjusting
the
land
price
and
paying
for
parking,
which
is
really
what
the
port
and
city
are
doing
with
this
project.
So
vic
is
a
german
family
name
and
I'll.
F
Let
the
sick
team
go
into
their
company
background
a
little
bit
here
in
a
few
minutes,
but
really
what
they're
going
to
do
is
build
this
project
in
phases.
So
it's
the
first
phase
is
single
story,
production
and
logistics.
I'm
called
the
northeast
parcel
phase.
Two
is
an
office
building,
and
this
is
really
where
you
know.
Bloomington
and
the
southwood
plan
really
come
into
play.
F
You
know
we're
very
interested
in
the
density
and
the
headquarters
office,
building
that
they
would
build
in
phase
two
and
phase
one
is
you
know,
step
in
that
direction
and
then
there's
options
and
things
like
that
that
allow
them
to
to
build
the
office
later
and
us
to
build
parking
for
that
and
share
it
with
public
use
phase
three
is
more
production,
logistics
and
phase.
Four
is
the
second
office
building
that
would
happen
about
15
years
later.
F
So
I
know
these
are
a
little
bit
small
but
northeast
portion
of
the
site
phase,
one
large
production
and
logistics
facility,
and
we
built
some
structured
parking
I'll
go
back
for
a
second
structure
or
excuse
me
surface
parking
to
accommodate
that
sick
pays
and
builds
for
that
and
then
phase
two
comes
along
roughly
three
to
five
years
from
now
and
they
build
the
100
000
square
foot
plus
multi-story
headquarters
office.
Building
there
they
connect
it
to
the
phase
one
building
with
a
breezeway.
F
That's
built
specially
to
accommodate
the
excel
line
that
runs
along
the
old
back
lot
lines
of
the
parcel.
But
you
can't
put
a
building
over
that.
So
some
additional
engineering
and
design
that
has
to
accommodate
that
and
the
port
authority
in
the
city
build
this
parking
ramp
to
accommodate
the
increased
density
there
and
they
go
and
build
the
additional
building
on
the
north
east
side
of
the
site,
the
phase
3
building
and
then
later
on.
F
They
build
more
single-story
high
bay
space
in
phase
4
along
with
the
second
office
building,
and
we
build
parking
for
that.
If
it's
needed,
15
years
old
and
so
the
whole
site,
then
is
consumed
by
all
those
phases
in
the
parking
and
the
port
authority
retains
development
rights
to
the
parking
should
that
parking
need
go
away
due
to
driverless
cars
or
whatever,
and
if
it
doesn't,
then
we
can
use
it
when
sick
isn't
using
it,
but
it
gets
right
to
it
during
the
times
of
day
that
they
need
it
and
we're
well.
F
This
is
why
I
got
messed
up,
but
in
march
18
of
2019,
the
councilman
port
authority
passed
motions
directing
staff
to
study
the
feasibility
of
the
project.
Exactly
a
year
ago,
today,
the
council
and
port
authority
passed
a
motion
directing
staff
to
execute
a
letter
of
intent,
which
we
did,
of
course,
after
the
october
29
2018
meeting
and
go
forth,
and
you
know,
put
the
development
agreements
together,
reflecting
what
was
in
the
loi
that
was
passed
on
october,
29
19.,
then
cove.
F
You
know
we
were
working
on
that
and
then
of
course
hope
it
happened,
and
so
now
we
are
here
a
year
later,
where
the
city,
council
and
port
authority
would
consider
approval
of
the
various
agreements.
Have
the
hearings
and
so
on?
If
that
happens
tonight,
then
the
rest
of
the
schedule
is
laid
out
there
for
you.
F
The
thing
that
will
happen
very
relatively
soon
is
the
financial
closing
on
phase
one
and
the
construction
and
completion
of
phase
one,
and
I
think
what
you'll
hear
from
sick
is
that
they're
very
much
looking
forward
to
getting
going
on
phase
two,
but
that
is
something
that
would
have
happened
a
couple
years
from
now.
F
So
I
know
there's
a
number
of
of
the
sick
folks
on
the
call
the
conference
today
and
I
think
I'll.
Let
marty
introduce
his
team
and
with
that
I
will
pull
up
a
presentation
that
they
sent
to
me
and
marty
can
go
through
that
and
marty.
You
can
just
tell
me
to
advance
slide
or
something
like
that
when
you're
ready
to
go,
but
I
will
stop
talking
for
a
little
bit
and
then
marty
can
go
through
his
presentation.
Then
we'll
get
on
with
the
other
parts
of
the
agenda.
D
You
bet
thanks
shane,
so
just
quickly
what
we
have
here,
dave
mcginty,
our
facilities
manager
dave,
has
been
working
with
the
port.
Very,
I
think,
cooperatively
over
the
last
couple
of
years
to
get
this
whole
project
going
from
our
side.
D
Bob
lomaca
bob's
a
president
here
at
sick
and
bob
and
dave
have
both
been
present
at
the
prior
two
meetings
that
where
we've
been
with
the
council,
taylor
is
here
to
ensure
that
we
can
make
all
of
our
technology
work
so
far
so
good
and
we
have
one
new
attendee
I'd
like
to
introduce
tasha
bury
tasha
started
as
our
cfo
here
at
sick
in
april
of
this
year.
D
So
tasha
comes
to
us
from
hilti
another
european
parent
company,
and
we're
really
delighted
to
have
her
here
at
sikh
is
our
cfo,
so
you'll
probably
be
seeing
more
of
tasha
as
well.
So
that's
the
stick,
team
and
I'll
I'll
go
through
this
overview.
Shane,
although
I
have
to
admit
I
read
your
documentation
and
I
thought
geez
in
one
paragraph,
shane
summarized
sick
better
than
I'm
gonna
do
in
this
presentation,
so
you
pretty
much,
have
it
down,
but
let's
quickly
go
through
this.
D
D
And
and
really
our
our
offering
what
we
do
is
we
provide
sensors
for
industrial
applications,
so
you
probably
won't
ever
see
our
sensors
in
buildings
or
in
homes
or
or
some
other
fields,
but
you
will
definitely
see
them
in
factories
in
logistics.
Warehouses
in
could
be
at
wellheads,
or
certainly
on
gas
pipelines,
for
transportation
of
natural
gas
and
and
also
in
chemical
processing
facilities.
So
very
much
industrial
sensors
next
slide.
D
And
when
I
say
industrial,
sensors,
there's
40
000
of
them,
and-
and
this
is
just
what
some
of
those
things
look
like
a
lot
of
of
sensing
technologies
from
optical
and
laser
to
ultrasonic
sensing
to
electromagnetic
all
various
kinds
of
of
sensing
but
sick
is
very
much
focused
in
this
sensing
world
in
in
industry
and
as
there
is
additional
automation
added
in
plants
and
distribution
centers,
you
need
sensors
for
all
of
that
automation.
So
it's
a
very
healthy
market
space,
so
the
sick
name.
That's
that's!
A
good
slide.
Go
ahead.
Go
ahead!
D
D
And
if
you
go
to
the
next
slide,
he
started
that
company
in
munich.
But
we
are
now
headquartered
in
bald
curse.
D
D
So,
where
do
we?
Where
do
we
operate?
We
operate
in
these
three
major
business
fields,
factory,
automation,
logistics,
automation
and
process,
automation,
and
you
can
see
some
of
the
factory
automation,
applications
there
or
or
or
segments,
and
and
we
we
play
in
most
all
of
these
in
the
us.
You
know
very
very
heavily,
though,
in
the
packaging
consumer
goods
automotive
up
there
at
the
top
and
and
food
production,
it's
very
much
a
big
part
of
where
we
play
in
the
us
in
factory
automation.
The
next
slide,
I
think,
is
logistics.
D
Automation-
and
you
know
this
is
a
picture
in
the
background
of
an
airport,
but
airports
and
the
baggage
handling
associated
with
airports
are
just
one
element
of
of
logistics
automation.
I
think
it's
far
more
prevalent
in
the
let's
say
the
fourth
bullet
down
courier
express
parcel
and
postal.
This
is
where
you
get
all
of
the
all
of
the
delivery
trucks
that
are
driving
up
and
down
our
streets
these
days
delivering
packages
during
covid.
D
We
work
with
all
of
those
major
major
express
companies
as
well
as
working
with
most
all
the
major
retailers
and
the
in
the
warehousing
and
distribution
that
they
do.
And
yes,
we
do
provide
the
the
baggage
sensing
in
the
in
the
msp
airport
as
well
as
well
as
most
other
major
airports
in
the
us
and
then
the
third
slide
on
on
the
segments
here
is
process
automation.
The
next
slide
shows
a
little
bit
of
of
where
we
operate.
This
is
as
the
slide
would.
D
The
picture
would
suggest
chemical
processing
and
also
in
the
oil
and
gas
business,
but
really
the
gas
part
of
the
business.
We
have
some
very
good
technology
for
measuring
gas
flow,
so
all
of
the
transmission
of
that
gas
from
the
oil
fields
out
to
the
users
is
is
oftentimes,
measured
with
with
sick
gas
flow
meters.
D
This
is
our
our
mission
statement,
as
has
existed
for
for
probably
as
long
as
I've
been
here
at
sick
for
17
years.
Independence,
innovation
and
leadership.
Sick
is
a
family-owned
company,
an
independent
company
and
and
and
we
really
want
to
stay
that
way.
That
is
really
the
preference
of
the
the
sick
family.
D
Innovation
is
a
key
to
the
business
and
you'll
see
that
we
keep
track
of
statistics
like
the
percent
of
revenue
that
we
spend
on
r
d,
so
innovation
is
really
critical
and
it's
a
big
part
of
the
culture
within
sick
and
then
leadership
is,
is
also
a
a
critical
part
of
our
our
mission,
leading
not
only
leading
as
a
business
but
leading
internal
to
sick
in
terms
of
our
own
leadership,
skills
and
behaviors.
D
D
I
think
and
in
fact
our
our
headquarters
in
the
us
has
been
in
and
around
minneapolis
ever
since
then-
and
we
are
also
so
you
can
see
one
of
only
two
places
on
the
globe
that
has
the
three
circles
us
and
germany.
So
we
have
not
only
that
sales
subsidiary
capability,
but
we
have
local
production
here
and
local
competence
center
and
local
development,
not
nearly
as
much
as
germany
has,
but
we
want
to
grow
that
and
and
so
do
they.
D
So
that's
we're
a
a
probably
a
much
more
well-rounded
version
of
sick
than
you
might
see
in
most
other
sales
subsidiaries
around
the
world
next
slide.
D
I
think
this
is
our
sick
at
a
glance
kind
of
gives
you
some
of
the
parameters
to
measure
the
business
we
showed
the
same
slide
two
years
ago.
So
this
is
2019
results,
but
I
think
it's
two
years
incremental
to
what
you
might
have
seen
a
couple
of
years
ago.
You
can
see
over
on
the
upper
left
just
close
to
two
billion
dollars
in
sales,
one
billion
seven
euros
within
that
out
of
that
two
billion
dollar
sales.
D
We
generate
an
ebit
of
145
million,
so
slightly
under
under
10
percent
ebit
over
in
the
you
can
see
at
the
bottom
40
000.
That's
that
number
of
products
that
I
talked
about,
so
lots
of
lots
of
products
and
over
on
the
lower
right.
You
can
see
that
r
d
expenditure,
221
million
dollars
us
dollars
and
if
you
divide
that
into
the
1.9
billion
of
sales.
F
D
Can
see
that
six
spends
over
10
percent
of
revenue
on
r
d,
which
is
a
an
item
and
actually
a
kpi
within
the
company.
That's
measured
and
looked
at
very
closely
and
the
company
is
very
proud
of,
and
then
the
total
employees
up
at
the
top
is
is
just
over
ten
thousand.
I
think
if
you
go
to
the
next
slide
chain,
it
shows
the
advancement
in
the
number
of
employees-
and
you
can
see
sick
is
grows
employees
virtually
every
year.
D
You
can
see
in
the
2019
up
at
10
000,
and
you
can
see
that
10
000
is
the
total
global
employees
that
the
gray
bar
is
the
number
of
employees
in
germany.
It's
still
a
german
company
with
with
many
more
facilities
and
factories
in
germany,
but
that's
something
that
they
want
to
change
as
well
and
become
a
better
global
participant.
D
So
I
think
I
have
only
one
slide
left
that
it.
It
just
shows
what
we
spent
four
four
mornings
at
starting
at
three
am
every
day
on
webex's,
with
german
management,
rolling
out
the
new,
the
new
kind
of
strategy
and
and
our
outlook
sick
beyond
borders.
D
You
can
see
the
blue
person,
there
is
the
is
sick
and
the
orange
person
is
the
customer
they're,
always
at
the
center.
It's
very
dynamic
sort
of
the
atomic
rings
around
it
and
it's
it's
meant
to
be
very
connected.
We,
the
sick,
beyond
borders,
is
meant
to
get
us
all
within
sick
working
as
a
much
stronger
network
amongst
each
other,
with
with
even
better
collaboration
and
partnering
within
the
organization
globally.
D
So
that's
something
that
will
drive
us
and
our
and
our
growth
going
forward
from
from
here
and
and
and
thank
you,
I
think,
that's
my
my
quick
overview
of
sick.
B
Shane,
if,
if
I
could
just
interject
your
briefly,
I
I
think
most
of
you
know
I
was
a
trustee
of
the
minnesota
state
college
and
universities
for
six
years
and
have
had
an
interest
in
technical
vocational
education
before
and
since
then,
and
it
felt
strongly
about
the
whole
rule.
Germany
has
played
in
this
so
strongly,
in
fact,
that
I
and
and
another
rotarian
and
and
two
instructors
and
two
students
from
hennepin
technical
college,
took
a
trip
to
germany
to
see
specifically
companies
like
sick,
and
I
just
have
to
tell
you
I
was
tremendously
impressed.
B
They
have
been.
The
companies
like
sick
have
been
the
backbone
of
the
german
manufacturing
resurgence
and
had
just
done
a
wonderful
job
in
terms
of
developing
expertise
in
in
specialty
areas.
So
I'm
really
excited
about
sick
and
about
the
the
opportunities
this.
This
gives
us
for
bloomington,
and
I
think
hopefully
there
also
will
be
some
opportunities
to
work
with
sick
on
some
of
the
programs
that
that
many
german
companies
use
in
terms
of
developing
future
staff
and
that
they've
just
done
a
wonderful
job.
So
I'm
just
delighted
that
we're
having
this.
F
Thanks
bob
and
thanks
marty,
we
really
appreciate
the
partnership
that
we've
had
so
far
and
appreciate
all
that
on
sick
generally,
I
I
pause
now
just
in
case
there
are
any
other
questions
for
the
council
or
port
authority
on
sick
as
a
company.
D
The
in
the
united
states,
we
have
around
700
employees.
D
I
think
that
you
know
we
have
a
lot
of
sales
and
service
employees
that
are
distributed
remotely
so
in
in
the
I
would
say,
the
the
minnesota
area,
although
they
tend
to
be
very
focused
in
in
in
bloomington
and
savage
right.
Now
we
have,
we
have
close
to
300
employees.
F
If
not
we'll
proceed,
thank
you
marty.
Obviously,
I
appreciate
your
team
staying
on
on
the
phone
and
call
and
if
there
are
questions
later
so
this
is
the
combined
interstate
and
alpha
site
broken
up
into
four
parcels
for
the
for
the
phases
northeast
northwest
south
east
southwest
so
phase
one
up
here
in
the
green
phase,
two
on
the
right
side
of
the
blue
and
future
phases
on
lot,
two
in
the
northwest
and
in
the
left
side
of
the
blue
parcel
so
whoops.
F
Where
does
the
where's
the
public
investment
get
put
and
where
is
it
funded
so
uses
for
the
public
investment?
By
far
the
biggest
pieces?
Are
the
land
price
adjustment
instruction
parking?
There
are
some
other
things
that
we
can
go
through,
but
those
are
by
far
the
the
biggest
things
that
we
spend
money
on
for
this
project
and
the
funding
would
come
from
the
carlton
tiff,
the
saltwick
development
fund
and
the
mall
administration
and
reserve
fund.
F
This
slide
has
got
a
lot
of
information
on
it.
It
was
in
the
packet
I've
seen
people
have
taken
a
look
at
it,
but
it
really
breaks
down
what
we're
doing
by
phase.
F
So
phase
one
again
is
production
and
logistics
with
a
relatively
small
portion
of
office
about
130
000
square
feet.
Phase
two
is
the
office
building
phase
three
is
some
more
production,
logistics
and
phase?
Four
is
a
future
office
building
with
additional
production
and
logistics
totaling
somewhere
between
400
and
550
000
square
feet
of
development
parking
would
get
built
in
phases.
The
first
phase
is
surface
parked.
F
Then
we
built
a
up
to
550
space
structured
parking
ramp
and
we
continue
to
use
the
bat
parking
ramp
and
surface
parking,
and
then
we
build
another
phase
of
structured
parking
if
the
project
needs
it.
Job
goals
are
here.
I
know
that
sick
plans
on
adding
many
more
jobs
than
that,
but
those
are
the
goals
that
are
in
the
business
subsidy
agreement
and
then
the
public
investment
summary
you've
got
structured
parking
costs
which
in
our
budgets
are
inflated,
but
these
are
2020
numbers.
F
You've
got
land
price
adjustments
for
the
various
phases,
there's
an
underground
stormwater
treatment
component
because
of
the
runway
that
we
would
be
investing
in
and
then
there's
public
investment
and
then
cumulative
public
investment
and
then
at
the
bottom
are
the
funding
sources.
And
so
we
have
this
carlton
tips
district.
That
still
collects
money
for
one
more
year
and
we
would
utilize
that
and
then
close
that
fund
out
the
mall,
arf
administration
and
reserve
fund
tip.
F
We
would
utilize
funds
from
that
funding
source,
filthy
development
fund,
which
is
another
item
tonight
which
will
go
through
total
sources,
total
business,
subsidy
and
then
total
business
up
to
the
accumula,
accumulate,
accumula
accumulative
number
at
the
bottom,
and
so
the
difference
between
public
investment
and
business
subsidy
is
that
public
use
of
the
parking
ramp
that
we
need
in
order
to
be
able
to
use
the
self-development
fund
that
I
might
pause
on
this,
because
I'm
and
just
want
to
make
sure
that
the
council
and
port
authority
are
able
to
pause
here
and
ask
questions
if,
if
they
have
any
at
this
point.
F
But
you
know
the
rest
of
the
agenda,
we'll
go
through
all
the
development
agreements
and
get
into
this
a
little
bit
more
detail.
But
maybe
I'll
pause
for
questions.
B
F
Yeah
yep,
so
the
the
difference
in
this
project
then,
for
example,
the
teratron
project,
the
alpha
a
and
b,
where
we
build
that
parking
ramp.
We
are
the
owner
for
20
years.
The
port
authority
is
but
then
the
developer
owns
and
operates
the
ramp
because
they're
using
the
complete
ramp,
20
24
7,
but
using
it
all
the
time.
F
This
project
is
different
in
that
the
parking
ramp
is
shared
use
and
there's
a
couple
of
reasons
for
that.
The
first
one
is
so
that
we
can
use
the
self
loop
development
fund
monies
for
the
parking
ramp.
Second,
one
is
that,
if
the,
if
the
project
stops
at
any
particular
phase,
we
still
have
rights
to
the
parking
ramp
and
shared
use
so
release
the
parking
structure.
Parking
lease
allows
sick
to
use
the
ramp
during
the
business
hours
when
they
need
it,
but
also
allows
the
city
to
use
that
parking
ramp
at
night.
F
If
we
develop
a
hotel
there,
some
in
some
future
year
we
can
utilize
the
ramp,
which
is
night
parking,
use
and
things
like
that,
and
so
ongoing
maintenance
costs,
and
things
like
that
would
be
shared
by
the
parties
to
accommodate
that
that
shared
use
and
that's
really
what
bob
is
getting
at.
F
So
it
is
a
bit
different
than
the
mall
ramps
or
bloomington
central
station
ramp
or
the
terratron
ramp,
or
anything
like
that,
and
it's
really
because
we
have
one
user
here
insect
that
is
developing
the
site
and
the
other
uses
we
haven't
decided
on
them.
Yet
they
may
be
sick
or
if
they
stop,
then
it
would
be
other
development
that
the
port
council
would
consider.
B
But
but
that's
exactly
what
we've
tried
to
do
in
a
number
of
cases
that
we
could
have
facilities
that
can
be
used
by
more
users.
So
I
mean,
I
think
it's
really
an
underlying
principle.
We've
had,
and
actually
it's
been
one
of
the
exciting
things
with
the
mall
as
it's
growing,
because
they
could
put
the
office
space
in
because
the
office
space
users
weren't
weren't,
using
it
at
the
same
time
for
the
most
part
as
retail
users.
F
F
They're
not
gonna,
have
a
parking
shortage,
that's
first
and
foremost,
but,
as
bob
said,
shared
parking
has
been
near
and
dear
to
my
heart
for
a
long
time
and
I
think
a
lot
of
people
on
staff
myself
certainly
included
think
that
parking
ratios
are
gonna,
go
down
in
the
future
as
transit
improves,
ride,
sharing,
improves
and
driverless
cars
become
more
of
a
reality.
A
Council
report
any
additional
questions.
I
know
that
president
erickson
can't
see
you
and
I'm
kind
of
limited
in
terms
of
the
number
of
faces
that
I
can
see
at
one
time.
So
if
you
have
a
question,
you
can
either
raise
your
hand
virtually
or
just
pipe
in
verbally
as
well.
F
Thank
you
mayor
and
board
members.
Of
course,
we
can
always
come
back
to
this
if
there's
questions
that
come
up
along
the
way,
taxes
and
subsidies.
So
here
on
this
slide,
we
project
the
estimated
taxes
by
phase
assessing.
If
they
were
here
tonight,
they
would
want
to
make
sure
that
I
say
very
loud
and
clear
that
nobody
is
committing
or
anything
like
that.
F
These
numbers
they're
just
estimates
based
on
the
snapshot
and
time,
and
so
that's
that's
what
they
are
company
investment
roughly
over
the
various
phases,
and
then
others
might
remember
from
previous
agenda
items
related
to
this.
F
In
the
past
we
did
a
deep
dive,
but
dr
eric
johnson
did
a
report
to
the
council
and
port
authority
on
subsidies
per
job
and
the
thresholds,
and
things
like
that
bottom
line
is
as
long
as
you're
under
35
000
and
subsidy
per
job,
you're
you're
in
the
clear
you
get
above
35
and
you
start
having
to
ask
more
questions,
but
we're
way
below
that
and
this
project.
F
You
know
this
is
maybe
a
good
time
to
talk
about
the
fact
that
this
is
a
different
type
of
project
than
the
port
has
done
in
the
in
the
recent
past.
Anyway.
We're
we're
really
doing
an
economic
development
project
here,
we're
not
doing
a
housing
project,
we're
doing
an
economic
development
project
to
bring
jobs
and
keep
a
an
important
company
in
minnesota
and
in
bloomington.
F
The
whoops,
the
wages
that
the
cavs
currently
in
minnesota,
they're
averaging
81
000
a
year
in
wages
with
a
median
of
85
000
phase,
two,
which
is
the
operation
south
of
the
river
that
would
come
up,
is
an
average
of
64
000
in
change
in
the
median
of
63.8.
F
And
then,
when
phase
two
moves
on
to
the
site
that
moves
up
considerably
and
then
the
median
goes
up
to
83.6
and
the
combined
phase.
One
and
phase
two
would
be
about
81
and
the
median
again
836,
not
a
typo.
We
had
to
check
those
numbers
twice:
make
sure
that
that
actually
worked
worked
out
that
way,
but
so
these
are
good
paying
jobs
in
bloomington
and
himself
so,
which
is
it's
good.
F
So
development
considerations
stick
likes
the
site
for
the
proximity
to
the
airport.
There
are
negatives
related
to
the
site
as
well
with
noise
and
vibration
and
perceived
safety
impacts
with
the
website
being
at
the
end
of
the
runway.
F
Transit
is
obviously
a
benefit
to
the
site,
with
transit
stops
at
the
mall
on
28th
avenue
right
nearby.
Once
again,
these
things
all
are
different
when
you
think
you
know
we're
in
the
pandemic,
we
talk
about
nearby
amenities
like
restaurants
and
hotels,
business
travel
and
things
like
that.
F
All
all
a
little
bit
just
hard
to
think
about
right
now,
but
we
will
get
out
of
this
pandemic
at
some
point
and
then
generally,
a
central
location
in
the
metro
again
pandemic
aside
being
able
to
drive
from
saint
paul
employees
from
saint
paul
minneapolis
et
cetera
to
the
site
is
very
easy.
If
you're
going
to
and
from
south
loop,
you
realize
how
quick,
how
quick
you
can
get
places
from
there
so
reasons
to
proceed.
F
You
know
retains
the
bloomington
company,
they
have
a
presence
in
houston
and
they
had
analyzed
the
move
to
move
their
north
american
headquarters.
To
that
location.
This
project
would
provide
economic
development
to
the
region,
creates
good,
paying
jobs
in
bloomington,
close
to
transit
and
really
the
fifth
bullet.
There
is
the
covent
factor.
You
know
we
had
a
diversity
of
the
economy,
the
tax
base
and
the
types
of
jobs
available
in
bloomington,
south
loop,
we've
all
learned
a
lot
about
lodging
and
how
important
that
is
to
the
city's,
both
employment
based
and
its
budget.
F
This
is
a
different
thing,
so
this
girl's
office
space
in
bloomington
when
the
office
market
may
be
challenged
for
years
permanently.
Due
to
colbit,
I
mean
nobody
knows
exactly
when
people
will
be
back
in
the
office,
and
you
know.
I
personally
think
that
the
office
market
is
going
to
be
challenged
for
quite
some
time
and
then
I'll
go
through
these
really
quickly.
You've
seen
these
before,
but
you
know
with
how
we're
phasing
the
parking
structure
we're
trying
to
minimize
the
structured
parking
cost.
F
It's
just
more
planning
and
pricing
out
construction
joints
or
placing
construction
joints
in
the
right
spot
because
we
don't
want
this
to
be
the
adapter
for
use,
even
though
some
people
might
think
this
is
fun
so
now
we're
to
the
really
fun
part
to
go
through
the
agreements,
and
I'm
happy
to
go
through
this
as
in
detail
as
people
want
to.
We
also
have
the
city
attorney
on
call
tonight,
as
well
as
julie,
eddington,
the
port
authority's
attorney
and
and
becky
schindler.
F
So
really
how
this
project
plays
out
is
that
thick
builds
390,
000
to
555
000
square
feet
of
development
over
four
phases:
the
city
south,
to
stick
these
parcels
for
their
north
american
headquarters
and
requires
stick
to
keep
the
headquarters
there.
The
portland
city
build
the
parking
ramp
and
adjust
the
land
cost
to
make
it
all
feasible
and
the
city
conveys
to
the
port
authority
the
southwest
parcel
for
the
structured
parking
and
or
for
future
development.
F
If
we
don't
need
all
that
space
for
structured
parking
and
then
the
phases
roll
out,
as
I
had
laid
out
earlier,
where
the
first
phase
is
on
the
northeast
parcel,
I
probably
don't
need
to
go
into
that.
In
more
detail,
the
phase
two
is
in
the
southeast
parcel:
that's
the
office
building.
We
have
to
do
some
underground,
stormwater
management
and
so
on
and
then
phase
three
happens,
that's
a
relatively
small
phase
and
then,
assuming
that
they
need
all
that
office
space
in
the
future.
F
Then
we
build
the
larger
office
building
the
second
office
building
on
the
west
side
of
the
southeast
parcel
and
we
pay
for
the
structured
parking
spaces
up
to
the
parking
need.
At
that
time
we
do
commit
the
port
city,
import
funding,
that's
via
the
attached
public
investment
summary
and
that's
memorialized.
In
the
documents
we
are
responsible
for
environmental
costs.
As
I
mentioned
earlier,
we'll
pass
those
on
to
interstate
diesel.
The
final
bill
is
going
to
come
out
soon.
Hopefully,
there's
nothing
additional
beyond
that.
F
F
The
purchase
price
was
based
on
a
five
million
dollar
starting
point
prorated
for
each
parcel
side,
less
an
adjustment.
When
we
all
became
aware
of
the
excel
line,
consideration,
we
adjusted
the
price
down
by
10,
and
that
was
part
of
the
loi
that
the
portland
council
considered
back
in
a
year
ago.
Exactly
today
and
then
there's
timing,
that's
laid
out
in
the
document
for
the
various
phases
and
call
it
deadlines
for
six
options
to
be
available
to
them.
F
Structured
parking,
lease
and
management
agreement.
So
again,
sick
uses
it
during
the
hours
that
they
need
it
and
it's
public
for
the
other
hours
and
then,
if
we
once
again
for
say,
build
a
hotel
on
one
of
the
sites
or
an
adjacent
site,
we
can
use
the
parking.
During
that
time,
we
share
in
the
maintenance,
taxes
and
assessment
security
and
other
costs
and
insurance
is
paid
by
sick,
can't
charge
for
parking.
F
Surface
parking,
easement
agreement
just
does
that
on
the
northeast
parcel.
Excuse
me
northwest
parcel
that
can
build
surface
parking
there
to
benefit
the
phase
one.
F
It
gives
us
the
right
to
move
that
parking
around
later
if
we
need
to
and
then
temporary
construction
movements
last
one
business
subsidy
agreement,
it's
an
important
one,
there's
both
a
form
of
the
business
subsidy
agreement
and
then
two
business
subsidy
agreements
in
the
development
agreement
that
contemplates
phase
one
and
then
phase
two
and
so
there's
a
little
nuance
here,
because
the
loi
back
a
year
ago
today
was
executed
right
before
the
city
had
changed
its
wage
goals
on
the
business
subsidy
policy.
F
So
there's
a
little
bit
of
grandfathering
in
on
the
phase
one
business,
subsidy
agreement,
135
percent
of
minimum
wage
and
then
the
phase
two
and
all
the
other
ones
would
have
to
comply
with
the
business
subsidy
policy
at
the
time,
but
basically
how
these
business
subsidy
agreements
work
is
that
if
the,
if
the
company
doesn't
meet
the
job
goals,
then
they
have
to
pay
back
that
subsidy
calculation
divided
by.
So
if
they
promise
100
jobs
and
only
provide
99,
then
they
have
to
pay
back.
F
Primary
risks
to
the
city
losing
stick,
you
know
not
doing
the
project,
we
might
lose
sick
in
minnesota
or
in
bloomington.
They
have
investigated
other
sites
once
again,
both
around
the
country
and
in.
F
And
I
know
that,
well
anyway,
they've
we've
been
open
and
honest
about
that
another
risk.
Another
primary
risk
is
that
the
project
stops
at
phase
one,
it's
something
that
from
a
planning
commission
standpoint
and
the
city
council
entitlement
standpoint,
and
that
we've
expressed
the
specific
all
along
the
way
and
that
you
know
we're
concerned
about
the
project
stopping
at
phase
one,
and
we
don't
you
know,
end
up
with
the
office
building
there.
So
there's
a
risk
and
we're
aware
of
that.
F
We're
trying
to
mitigate
that
as
much
as
we
can
by
limiting
the
size
of
the
northeast
parcel-
and
you
know
that's
just
the
land
adjustment
cost
on
the
northeast
side
that
we're
out
if
they
stop
at
phase
one
really
phase
two
is
where
the
meat
of
the
project
is,
and
you
know
we'll
be
good
from
my
perspective.
If
we
get
to
phase
two
and
even
if
they
don't
build
anything
after
that,
I
think
that's
that's
a
win
for
bloomington
secondary
risks.
F
You
know,
there's
always
you
know,
especially
as
we
said
here
in
the
pandemic,
with
selfless
development
fund
being
funded
by
liquor
and
lodging
taxes.
We
have
very
conservatively
projected
that
funding.
Well,
that's
the
other
item
to
make.
We
can
go
through
that,
but
we
continue
to
be
very
conservative
when
we
project
expenses
and
revenues
for
that
fund.
For
reasons
like
this,
we
want
to
be
able
to
make
commitments
here
and
not
have
to
worry
about
them
later.
F
There's
no
borrowing
related
to
this
project,
which
is
always
a
great
place
to
be
in
when
you're
doing
these
economic
development
projects.
We
do
have
some
environmental
risk,
as
I
mentioned
before,
and
then
maintenance
costs
for
our
half
of
the
parking
there.
That's
once
again,
as
bob
pointed
out,
it's
unusual
that
we
would
take
on
maintenance
costs,
but
the
reasons
I
laid
out
them
is
them
on
previously.
F
So
maybe
I'll
pause
again
there
in
case
there's
any
specific
questions
about
the
agreements.
The
next
item
would
next
agenda
item
tonight
would
be
the
hearing
and
testimony
portion
and
I've
laid
that
out
so
that
the
president
erickson
and
the
mayor
can
to
hold
the
public
hearings.
But
maybe
this
is
another
good
time
to
pause
for
any
other
detailed
questions.
B
B
We
saved
our
bacon
a
number
of
times
by
doing
that,
because
when
we
first
entered
into
the
mall
of
america
project,
for
example,
there
was
much
more
available
for
tax,
increment
and
other
things,
and
because
we
had
been
conservative
when,
when
some
of
the
statutes
and
things
were
changed,
we
were
unaffected
to
the
degree
and
there
it
was
not
a
something
that
stopped
the
project.
So
I
just
want
to
comment
that
I
think
that
that's
been
a
really
important
philosophy
and
and
hopefully
will
continue
to
be.
F
Yeah,
I
I
know
I'll
speak
for
staff
president
erickson
and
members
that
we
agree.
I
mean
we're
lucky
because
we're
not
sitting
here
tonight
talking
about
a
bond
issuance
or
a
project
that
we
want
to
do
and
we're
also
not
sitting
here.
Saying
sorry,
stick.
We
can't
do
this
deal
because
of
of
cobin,
so
we're
in
an
enviable
position.
A
A
A
A
Very
good
I
I
will.
First
of
all,
I
will
make
a
note
for
the
record
that
council,
member
nelson
did
join
us
at
6
19
he
arrived
so
we
do
have
five
members
of
the
city
council
in
attendance
now
and
with
that,
I
would
like
to
open
the
public
hearing
of
the
bloomington
city
council
to
consider
the
sale
of
the
property
to
sick
and
to
consider
granting
business
subsidies
to
sick.
A
And
I
believe,
president
erickson,
are
we
doing
these
concurrently,
president
erickson?
Perhaps
if,
if
you
could
open
the
the
port
authority
to
consider
the
business
subsidies.
B
A
C
A
Oh
excuse
me,
I'm
sorry,
I'm
right
in
the
motion.
I
apologize.
I
apologize
ms
lane,
could
you
call
the
role
of
the
city
council
on
the
vote
to
close
the
public
hearing.
E
E
E
E
C
E
E
E
A
So
with
the
public,
the
the
public
hearing
closed
council.
Is
there
any
further
discussion
or
question
regarding
the
the
the
proposed
ordinances
that
ordinary
resolution
regarding
this?
This.
E
Thank
you
mayor.
I
just
wanted
to
just
briefly
thank
staff.
I
noticed
and,
as
folks
will
recall
last
time
we
discussed
this,
I
asked
both
about
the
the
mean
and
the
median
wages
for
the
jobs
that
will
be
taking
place
here.
I
appreciate
staff
and
including
that
information
as
well
and
that
that
we
received-
and
I
I
think
it
helped
me
certainly
to
to
understand
better
the
sort
of
the
the
kinds
of
jobs
that
will
be
retained
and
created
here.
So
I
just
wanted
to
thank
staff
for
that.
E
Yeah,
thank
you
mayor.
I
just
want
to
say
that
I
am
really
excited
about
this
project
and
proposal.
You
know,
I
think,
we've
all
talked
a
lot
about
diversifying
the
business
base
within
the
south
loop,
and
I
think
this
does
that.
I
also
just
on
a
personal
note.
I
know
bob
had
talked
about
visiting
that
area
with
rotary.
E
I
had
the
opportunity
when
I
was
in
college
to
study
just
to
the
south
of
stuttgart,
which
is
not
too
far
from
where
six
headquarters
is,
and
at
a
university
that
focused
on
technical
education,
and
it
was
just
a
very
impressive,
a
very.
E
Opportunity
for
me,
when
I
was
in
college
to
do
that
study
abroad,
experience
in
germany
and
got
to
hike
in
the
black
hills,
and
things
like
that,
so
a
little
bit
of
a
very
distant
connection
there
personally,
but
I
just
this
project
in
my
opinion-
makes
a
lot
of
sense
and
really
appreciate
all
of
the
work
that
staff
has
done,
that
that
sick
has
done
on
it
and-
and
I
hope
we
can
get
all
of
the
phases
built
as
we
go
forward.
C
Thank
you
mayor,
so
I
just
wanted
to
chime
in
with
my
with
my
excitement
as
well.
I
think
this
is
a
a
really
great
proposal,
that's
moving
forward,
and
I
just
really
want
to
thank
the
staff
for
all
of
the
the
time
and
energy
that
has
obviously
gone
into
making
to
getting
it.
C
This
far
and
just
for
how
thorough
you
were,
and-
and
I
mean
I-
I
think
it
speaks
volumes
that
none
of
us
really
have
questions,
because
it's
just
been
such
a
great
presentation
and
appreciated
all
the
information
provided
in
the
packet
I'll
chime
in
too,
with
my
connection
to
germany,
because
I
lived
in
ramstein
and
ran
cross
country
and
the
in
the
the
black
black
forest
there
and
so
had
to
chime
in
and
share
as
well,
but
again
very
excited
about
this
project
and
just
want
to
thank
everybody.
A
I'll
just
add
my
enthusiastic
support
of
this
as
well
and
looking
at
looking
at
this
this
project,
as
I
think
I
mentioned
to
you
a
couple
weeks
back,
I
was
at
a
ribbon
cutting
over
at
skywater
technologies.
Every
day
I
drive
past
the
updates
that
they're
doing
at
donaldson
company.
There
are
so
many
outstanding
international
companies
here
in
the
city
of
bloomington
that
are
not
only
they're
not
only
here
and
doing
great
business,
they're,
thriving
and
they're
doing
outstanding
work
and
to
add
sick
to
that
number.
A
To
that
growing
number
to
to
get
a
development
of
this
kind
is,
is
enormously
exciting.
So,
looking
forward
to
the
groundbreaking
looking
forward
to
the
ribbon
cutting,
hopefully
we
won't
have
to
wear
masks
when
we
do
it,
but
something
tells
me
we
might
but
excited
to
have
this
done,
and
so
this
I
I
will
give
this
my
my
my
full
throat
and
support
absolutely.
A
Council,
member
culture,
we
have
two
motions
for
the
city
council
to
make
and
if
you
would
lead
us
with
that,
that
would
be
wonderful
and
then
we
would
turn
it
over
to
the
port
authority
for
the
motion
that
they
need
to
make.
E
I
am
more
than
happy
to
make
both
motions
here
please,
so
I
will
start
by
moving
to
adopt
an
ordinance
to
convey
by
warranty
deed,
real
property.
A
E
Mr
mayor,
I
will
move
to
adopt
a
resolution
approving
a
development
agreement
with
the
port
authority
and
sick
products
and
competence
center,
america's
llc
and
other
related
documents
in
the
conveyance
of
land
to
the
port
authority.
Second,
martin.
A
B
And
so
then,
I
would
entertain
a
for
motion
number
three
for
the
port
authority
to
announce
a
resolution
approving
development
agreement
with
the
city
of
six
project
products
and
capital
centers
america.
So
we
have
a
commissioner
that
will
make
that
motion.
E
E
E
A
Well,
congratulations
to
our
friends
from
sick
and
welcome
aboard
and,
as
I
said,
I'm
very
excited
about
this
and
look
forward
to
next
spring
when
we
can
actually
see
some
work
developing
over
there
and
just
excited
beyond
words
that
the
the
diversification
of
the
bloomington
economy,
the
addition
of
your
workforce
here
in
bloomington
and
and
the
added
presence
and
just
what
the
future
might
hold
so
very
excited
for
you.
So
thank
you
very
much.
D
Thank
you,
mr
mayor
council
and
the
port
authority,
and
we
echo
the
compliments
also
to
staff
for
the
very
thorough
preparation.
It
was
really
a
pleasure
working
over
the
last
couple
of
years
to
get
this
to
the
point
it's
at.
So
thanks
to
staff
as
well.
F
Working
with
six
pleasure
working
with
six
so
far,
we
look
forward
to
many
more
years
of
working
together
on
the
on
the
future
phases,
your
team's
been
top
notch
and
just
a
pleasure
to
work
with,
and
also
I'd
just
like
to
say
again,
you
know
the
staff
team.
F
Thanks
for
all
the
efforts,
it's
always
a
lot
of
work
right
at
the
end,
especially
to
get
all
the
documents
to
line
up,
and
things
like
that,
and
I
just
want
to
extend
thanks
to
our
legal
and
the
rest
of
the
staff
team
becky
and
everybody
too.
So
thank
you.
A
A
C
One
point
of
business:
we
will
mayor
okay
to
release
the
public
hearing,
call
in.
C
F
F
Excuse
me
the
overview
of
the
southwest
development
fund.
Again,
as
you
read
in
the
packet,
the
south
loop
development
fund
isn't
a
budget,
and
I
know
lori
is
on
the
phone
and
she
can
explain
that
more.
If
people
want
to
go
in
into
why
there
isn't
a
budget
approved
for
this
fund,
but
basically
it's
a
capital
projects
fund
and
all
the
projects
that
use
the
fund
are
considered
separately
is
how
that
works,
and
so
again
the
city
collects
lodging
tax.
I
know
we've
all
become
painfully
aware.
F
F
Two
percent
of
it
goes
to
bcbb
our
bloomington
convention
and
visitors,
bureau
and
two
percent
of
it
goes
to
the
southwest
development
fund,
and
this
is
laid
out
in
state
statute,
as
so
as
to
why
this
happens.
Obviously,
these
revenues
have
been
severely
impacted
by
the
pandemic,
and
then
the
southwest
development
fund
also
gets
the
city-wide
on
sale
liquor
tax.
Originally
these
funds
were
these.
F
So
once
a
year
we
get
together
to
talk,
it's
not
a
budget,
but
it's
a
it's
a
review
of
how
the
fund
is
doing
once
again.
Each
and
every
project
is
considered
separately,
either
council
approval
or
purchasing
policies.
Things
like
that,
and
so
there's
three
slides
that
were
included
in
the
packet
that
that
show
how
the
fund
is
doing,
and
so
I'll
start
with
revenues
and
I'll
just
kind
of
walk
through
this,
and
this
is
informal
people
have
other
comments.
Then
of
course
stop
me
along
the
way.
F
The
main
source
of
revenue
is
the
liquor
and
lodging
tax,
as
I,
as
I
mentioned,
the
reason
why
we
have
other
funding
sources
in
here
I'll
get
into
in
a
second.
But
the
second
line
here
is
I've
input
the
revenue
shortfall
from
our
long
recovery
scenario
from
the
october
one.
We
just
actually
had
a
meeting
earlier
today
to
project
revenues
again
and
review
the
smith,
travel,
research
data
and
our
actual
lodging
and
liquor
collection,
and
it's
you
know,
obviously
not
good.
F
In
fact,
you
know
we
did
three
scenarios
back
in
april
and
we
looked
at
the
long
recovery
scenario,
a
middle
scenario
and
a
better
scenario
and
unfortunately
we're
riding
the
long
scenario
recovery
line.
And
when
we
looked
at
this
back
in
april-
and
we
looked
at
that
long
recovery
scenario
line,
we
said
geez.
If
we're.
If
we're
on
that
side,
things
are
really
bad,
but
unfortunately
from
an
economic
standpoint
and
otherwise
things
are
really
bad,
and
so
that
takes
us
out
through
2024..
F
I
put
another
deduct
in
here
ongoing
into
self
in
the
self
loop
fund,
and
we
do
this
for
10
years.
You
know
informally.
Obviously,
10
years
is
a
long
ways
to
go,
but
we
do
have
this
out
through
well
the
20s
early
2030s,
but
I
didn't
include
that
in
the
packet,
but
I
started
to
feather
out
this
cobot
effect
over
time.
F
But
really
what
we've
done
here
is
taken
the
2019
revenue
and
flatlined
it
and
then
layered
in
the
impact
of
our
long
recovery,
coveted
scenario
in
here
and
then
I've
added
another
deduct
ongoing,
because
some
of
the
hotels
are
going
to
convert
to
residential
and
or
business
travel
may
not
come
back
to
where
it
was
in
2019.
We
just
don't
know
so.
You
know
you'll
see
a
number
of
things
in
here
that
we've
done
conservatively
and
I
think
in
our
view
it
can
be
made
that
we're
conservative
on
conservative.
F
But
again,
that's
maybe
served
us
well,
but
it
is
what
it
is
at
this
point.
So
we
do
have
some
other
income
in
in
the
fund,
because
we've
used
the
fund
as
a
bank
in
essence,
and
so
when
the
killer
ped
bridge
project
was
assessed
instead
of
going
out
and
selling
bonds.
We
said
why
would
we
do
that
when
we
have
money
in
this
fund
that
can
gain
interest
and
gain
interest
or
gain
payments
through
those
assessments
at
a
much
higher
rate
than
we
can
invest
the
fund?
F
And
so
we
use
this
fund
as
a
blank
as
a
bank
for
a
couple
of
projects,
the
kilbert
ted
bridge
assessment
and
the
freeway
rate,
finding
investment.
We
do
get
some
interest
income
and
that's
just
a
good
guess.
Obviously,
interest
income
today
is
very
low,
and
then
we
did
use
the
fund
for
some
loans
on
to
the
bcs
hotel
project
and
those
loans.
We
call
them
the
ketchup
mustard
loans
for
those
veterans
of
the
port
authority.
F
I
guess
I
don't
need
to
go
into
why
they're
called
that,
but
if
you
want
to
know,
I
can
certainly
do
that
anyway.
Those
will
be
done
here
in
2021.,
these
other
grants
and
intergovernmental
charges.
So
we
used
this
fund
as
a
bank
again
to
pay
for
some
covert
related
expenses.
Before
we
got
the
cares
money
in
so
green
street
and
trep.
These
are
both
data
services
in
essence
that
were
able
to
provide
us
some
information
related
to
the
hotel
and
retail
industry.
F
Frankly,
pretty
valuable
information
during
the
the
time
that
covered
was
going
on
and
in
particular
with
trip
as
it
really
our
truck
well,
both
green
streets
and
trip.
I
guess,
as
it
relates
to
mall
of
america
and
helping
us
understand
the
financial
situation
there
we
once
again.
This
is
because
we
use
the
the
fund
as
a
bank,
and
so
we
would
get
some
money
back
when
this
water
main
project
happens
on
82nd
street
from
our
own
utilities
fund
and
then
again,
this
funded
use
of
the
bank.
F
And
then
expenditures
so
there's
two
slides
of
expenditures.
I
split
those
out
into
different
categories
this
year,
transfers
active
projects,
things
that
we're
spending
money
on
or
have
spent
money
on
currently
and
then
future
projects
which
we
work
with
public
works
and
others
on,
and
then
there's
a
number
of
professional
services
that
are
economic
development
related
that
we
pay
for
and
then
ongoing
maintenance
on
a
number
of
things
and
so
to
go
through
each
one
of
these
I'll
go
through
them
relatively
quickly
and
again.
F
If
people
want
to
deposit
and
talk
about
any
of
these
in
more
detail,
certainly
happy
to
do
that
and
we've
got
other
content
matter.
Experts
on
the
phone
or
webex
here
as
well,
and
so
the
fund
pays
for
a
number
of
police
officers
in
south
loop
and
at
the
mall
in
a
way.
This
is
a
subsidy
to
the
general
fund
out
of
the
southwest
fund,
because
normally
you
know
that
that
money
would
have
to
come
out
of
the
of
the
general
fund,
and
so
because
we're
able
to
do
that.
F
That's
that's
been
going
on.
For
a
long
time,
there
was
an
uptick
in
police
operations.
After
the
2015
security
situation
out
at
the
mall
and
the
council
will
be
deciding
at
some
point
in
the
future
if
they
want
to
continue
that
expenditure
on
in
perpetuity
or
if
they
want
to
reduce
the
police
force
back
to
what
it
was
pre-2015,
but
right
now,
once
again
for
worst
case,
I've
put
this
money
in
there.
F
For
now,
the
fund
pays
for
creative
placemaking,
the
stuff
that
can
happen
in
self
loop
and
it
also
pays
or
transfers
out
to
the
port
general
fund
to
pay
for
activities
that
aren't
related
to
one
of
our
tif
districts.
On
insult
active
projects,
there's
a
little
bit
left
on
old
cedar
fire
station.
Three
is
finishing
up
this
fund
paid
for
fire
station.
Three
again,
that's
something
that
the
city
would
have
normally
had
to
pay
for
out
of
the
general
fund
were
able
to
pay
for
it
at
the
south
loop.
F
So
that
happened
a
number
of
street
projects,
the
interstate
diesel.
You
will
see
the
water
park
on
here.
It's
not
because
we're
spending
money
or
doing
anything
specifically
with
the
water
park.
Today.
That's
certainly
not
the
case.
Once
covered
happened.
That
project
was
put
on
hold
and
remains
on
hold
until
we
know
what
the
effects
of
the
pandemic
are
on
projects
like
the
water
park.
F
We'll
of
course
come
back
to
the
council
and
port
authority
to
make
sure
that
the
council
and
port
want
to
move
forward
with
that
project,
because
obviously
the
world
changed
back
in
march,
there's
some
legal
costs
and
then
felt
loop
street
lighting
insult
loop
future
projects.
These
are
a
lot
of
intersection
projects
and
things
like
that.
I'm
not
sure
if
folks
want
to
go
through
each
one
of
those,
so
I
won't
unless
people
want
to
talk
about
them.
F
So
so
this
is
some
of
the
lobbying
expenses
expo
shows
up
in
here,
but
we
don't
project
any
future,
expo
expenses
at
this
time.
Of
course,
that
could
change
if
the
council
and
port
authority
decide
that
that
we
need
some
more
work
there
again.
This
is
the
covid
green
streets
interrupt
money
going
in
money
coming
out
situation
that
I
talked
about
at
the
top.
Basically,
the
fund
is
used
as
the
bank,
I'm
not
sure,
lori
wouldn't,
like
me,
saying
it
like
that,
but
that's
the
way
I
think
about
it
anyway.
F
F
It
help
really
helps
us
understand
the
hotel
and
retail
market
all
markets,
but
in
particular,
as
it
relates
to
south
hotel
office
retail,
and
then
it
pays
for
a
number
of
maintenance
activities
that
are
specifically
self-food
project
related
bottom
line,
annual
net
gain
and
loss
fund
balance,
which
is
different
than
cash
balance,
which
is
different
than
the
cash
balance
net
of
required
reserve.
F
And
what
that
relates
to
is
we
put
up
a
million
and
a
half
dollars
as
a
backstop
to
the
lennar
indigo
project
when
that
project
closed,
not
as
an
expense
in
particular
but
as
a
reserve.
So
if
if
that
project
were
to
underperform,
we
said,
hey,
we'll
put
aside
a
million
and
a
half
dollars
in
the
south
food
fund
until
those
bonds
are
able
to
pay
themselves
off.
F
So
we
have
to
discount
the
the
cash
fund
balance
in
this
fulfillment
fund
in
order
to
account
for
that
we've
never
had
to
dip
into
it
and
frankly,
the
project
is
producing
a
lot
more
tiff
than
we
had
projected
originally
because
the
rental
market
is
so
strong
and
continues
to
be
one
of
the
areas
that
continues
to
show
strength
even
in
the
pandemic.
F
And
so
with
that
you
know
if
I
were
to
show
the
next.
I
think
we
only
go
out
to
2034
or
something
on
like
that.
F
But
of
course
it
gets
a
lot
more
blurry,
as,
as
you
get
out
into
future
years,
you'd
see
this
fund
dip
down
into
the
you
know:
couple
million
dollar
net
reserve
cash
balance
range
and
then
moves
up
and
around,
but
you
know,
of
course
we
do
this
every
year
and
we
try
to
keep
the
fund
healthy
and
do
conservative
budgeting,
but
with
that
certainly
happy
to
talk
more
about
any
any
items
that
folks
want
to
talk
about.
B
Yeah
well
in
I'll
just
comment
I
mean
I
think
again
this
this
chart
and
all
this
work
is
just
a
good
illustration
of
how
well
served
we've
been
by
staff
and-
and
I
know
for
shane
and
and
and
our
city
manager
and
and
cindy
and
jacob
and
everybody
they've
just
put
in
tremendous
number
of
hours
as
we've
gone
through
all
these
things
trying
to
deal
with
all
the
uncertainties
that
have
been
there,
and
so
again,
it's
just
nice
to
see
something
that
I
think
we
can
look
forward
and
to
me
it
says
you
know,
even
with
the
things
we're
talking
about
doing
here
and
it's
primarily
a
city
council
not
afforded
if
anything,
but
we
there's
some
flexibility
in
case
something
comes
up
for
in
case
things,
don't
go
as
well
as
we
would
like,
even
if
we're
conservative.
E
Yeah,
I
just
just
to
comment
on
this
and
I
I
think
it's
worth,
even
though
this
isn't
kind
of
run
as
a
operating
budget
that
it's
primarily
a
capital
budget.
E
I
think
it's
worth
regularly
talking
about
the
kind
of
operating
costs
that
get
charged
into
here,
and
so,
if
you
look
at
the
like,
the
street
sweeping
and
the
public
safety
costs
that
were
on
the
previous
page,
that
shane
was
showing
you
see
the
how
class
related
to
the
airport
south
district
are
getting
charged
into
this
fund,
and
you
know
kind
of
the
interesting
thing
about
that
is,
if
you
didn't
have
a
big
kind
of
useless
big
use
like
this,
that
generated
this
kind
of
revenue
to
be
able
to
pay
for
that.
E
That
would
end
up
getting
paid
out
of
general
property
taxes,
and
so
it
shows
how,
even
though
you
know
as
a
certain
amount
of
this
money
comes
in
here
for
development,
we're
also
trying
to
maximize
the
amount
that
we
can
shift
away
from
the
property
taxes
into
this
fund.
And
I
think
it's
worth
periodically
apparently
reviewing
that.
So
people
understand
it.
F
This
item
is
just
informational.
There
is
no
action,
that's
requested
or
required
related
to
it.
So
obviously,
president
and
mayor,
I'm
happy
to
discuss
any
of
the
detail
in
here,
but
just
as
a
reminder
there's
there
is
only
informational.
A
Council
anything
else
to
consider
here
anything
questions.
You
have
specific
to
it:
a
lot
of
information,
good
information,
as
always.
A
Mr
president,
I
see
commissioner
hunt
with
her
hand
up.
E
Just
a
comment
too,
thank
you
just
to
comment
to
shane
and
staff
of
just
being
able
to
see
you
know
the
the
impact
of
con
of
of
the
covet
and
that's
something
as
an
institution
we're
going
through
with
each
of
the
clients.
But
it's
it's
just
that
in
the
face
of
how
how
burdensome
this
whole
culvert
has
been
and
really
the
the
financial
effect
on
so
many
different
things,
and
I
mean
pretty
clear
and-
and
I
appreciate
the
conservative
approach
that
you're
taking
in
your
projections.
A
Is
there
anything
else
to
bring
forward
here?
Folks,
I
think
we
we
are
at
the
end
of
the
agenda
and
if
that
is
the
case,.
A
A
We
got
a
motion
by
council
member
carter
in
a
second
by
council
member
martin
to
adjourn
the
city
council
portion
of
this
concurrent
meeting.
Ms.
E
C
E
C
Peterson
second
hunt:
okay,
bussy.
A
C
C
He's
on
but
he's
muted
luns.
A
We
are
officially
adjourned.
Thank
you
much
to
the
the
port
authority
for
spending
time
with
us
at
the
council
this
evening
and
thanks
to
staff,
as
always
for
the
outstanding
work.
Shane
well
done,
jason.
Thank
you
very
much
julie
and
very
nicely
done
running
the
show
over
here
and
becky
as
well.
Thank
you
so
very
much
well
done
to
all
the
staff-
and
I
see
our
friends
from
sick
are
still
on
board.