►
Description
Bloomington City Council/Port Authority Concurrent Meeting
A
A
C
A
A
We've
got
a
couple
of
order
items
of
business
here
on
the
agenda
this
evening,
like
to
alter
it
just
a
little
bit
in
terms
of
exactly
how
we're
going
to
go.
I'd
like
to
do
the
approval
of
minutes.
If
that's
okay
with
our
council
members
and
then
under
new
business,
we've
got
two
things:
legislative
update
in
the
bloomington
central
station
residential
number,
four
under
new
business,
if
we're
able
to
if
we
could
flip
those
two
so
that
we
had
do
the
central
station
bloomington
central
station.
A
A
B
I
would
be
delighted
we're
delighted
to
introduce
and
welcome
carla
henderson
who's,
the
new
community
development
director.
She
saw
also
shane's
boss,
so
we
we
know
that
he
has
to
be
especially
nice
around
her,
but
apparently
we're
just
we're
just
delighted
to
have
you.
We
we
had
larry
lee
for
many
years,
then
we
had
eric,
and
so
we
welcome
you
and
we'll
look
forward
to
having
you
participate
and
get
the
benefit
of
your
wisdom
and
knowledge
and
things.
So
I
don't.
D
E
E
I
get
the
honor
and
privilege
to
work
with
shane
every
day
who
has
taken
me
on
a
tour
of
south
loop
already
and
just
it
was
incredible
to
watch
see
the
projects
that
have
occurred
and
what's
coming
down,
the
pipeline
super
excited
about
it.
I'm
learning
that
monday
nights
are
going
to
be
late,
so
I'm
not
scheduling
anything
early
tuesday
morning,
but
this
is
my
eighth
week
here
and
I
have
relocated
from
michigan.
I
am
in
the
luxembourg
apartments.
E
So
one
of
the
developments
that
occurred
in
the
city
a
number
of
years
ago-
and
I
am
loving
being
here
and
looking
forward
to
meeting
all
of
you
when
it's
safe
to
do
in
person
and
super
excited
about
all
the
activity
that
is
occurring
in
bloomington.
So
thank
you
again,
president
erickson
and
members
of
the
port
authority
and
city
council.
B
A
B
Okay,
I
can
start
out.
I
I've
been
around
since
the
dinosaurs,
okay
man,
I
actually,
I
jim
linda,
asked
me
to
go
on
the
port
authority
and,
with
the
exception
of
a
period
of
I
guess,
three
or
four
years
when
I
was
a
senior
vice
president
of
the
university
of
minnesota,
I've
been
pretty
much
on
it
all
the
time.
So,
at
any
rate,
it's
it
has
been
a
great
deal
of
fun
to
watch
this
develop.
B
It's
really
been
exciting
for
me
now,
the
last
several
years,
because
the
fruition
of
a
lot
of
the
planning
and
work
that
has
been
done
over
a
long
period
of
time
in
the
investment
by
the
city
is
is
paying
off,
and
I'm
just
very
optimistic
about.
I
think
what
our
potential
is.
We
had
some
pickups,
obviously
with
the
covet
and
all
the
things
we
had
to
go
through
with
them
all,
but
that'll
only
underscore.
B
I
think
the
work
that
the
port
authority
and
city
council
have
done
over
a
long
period
of
time
in
terms
of
having
projects
that
were
very
conservatively
managed,
so
that
we
did
not
get
into
financial
problems
with
them.
We've
had
a
situation
where
we
obviously
had
to
react
and
adjust,
but
I
think
it's
just
been
a
great
situation
and
it's
been
my
privilege
to
work
with
just
a
great
group
of
people
in
fourth
order,
many
of
whom
have
had
almost
as
long
a
tenure
as
I
have
working
with
the
city.
B
C
Yeah,
thank
you
been
trying
to
be
good
here.
So
cynthia
hunt
I've
been
on
the
port
authority
now
for
15
years,
and
I
before
that,
as
bob
mentioned,
I
served
on
the
planning
commission
and
that
was
at
the
very
start
when
the
mall
of
america
was
approved
and
it
was
on
there
through
the
opening
my
background.
C
When
I
joined
the
planning
commission,
I
was
doing
national
construction
lending
commercial,
real
estate
for
u.s
bank
and
I
still
work
with
u.s
bank
in
commercial
lending,
but
had
the
pleasure
of
being
on
the
port
authority
with
this
group
many
of
the
same
faces
but
and
then
I
also
serve
on
the
planning
or
on
the
charter.
Commission
too.
So
a
little
bit
of
different
things
with
the
the
city
so.
C
Sure
so
my
name
is
steve
peterson
and
I'm
trying
to
think
of
when,
when
I
first
went
on
the
port
authority,
I
think
it
was
around
2012,
I'm
guessing
but
kind
of
going
back
in
the
wayback
machine
back
when
the
dinosaurs
that
bob
was
talking
about
were
dying
off.
I
joined
the
planning
commission
in
1996,
so
that
would
have
been
probably
right.
After
cynthia
was
on
the
planet.
Commission
I
was
on
the
planning
commission
for
four
years.
C
I
was
the
chair
in
1999.,
then
in
at
the
end
of
1999
I
was
elected
to
the
city
council
and
I
was
on
the
city
council
for
14
years,
ending
at
the
end
of
2013.
and
like
cynthia,
I'm
also
a
member
of
the
charter
commission
and
in
addition,
kind
of
other
interesting
things
I've
done.
I
was
on
the
board
of
the
convention
and
visitors
bureau
for
quite
a
while.
I
think
I
started
that
in
2002
and
went
off
that
board
in
2019
yeah.
C
B
B
F
F
However,
many
years
have
been
part
of
this
extol,
the
importance
to
everybody
I
can
about
local
government
and
in
this
community,
the
port
authority
in
particular,
and
how
much
input,
how
much
the
input
that
we
have
affects
the
city
and
our
own
personal
lives.
I've
always
been
very,
I
don't
know
if
proud's
the
right
word,
but
but
gratified
to
be
able
to
be
part
of
that
process,
and
god
knows
I've
known
bob
erickson,
since
the
dinosaurs
dude,
probably
I'm.
C
C
When
I
was
was
put
up
and
and
chaired
the
board
of
assessment
review
that
was
became
a
citizens
panel
versus
under
the
purview
of
the
city.
Council.
I
think,
was
very
glad
to
get
rid
of
that
duty
and
I've
been
on
the
port
authority
and
I
think
I'm
in
my
seventh
year.
So
it's
very
interesting
and
I'm
still
doing
dick
dirt
bricks
and
mortar.
So
welcome.
F
B
C
A
I
had
the
pleasure
of
I
had
the
pleasure
of
meeting
ms
henderson
on
her
first
day
on
the
job
and
was
very
happy
to
do
so.
We
talked
a
couple
of
times
since
so
welcome
glad
to
have
you
here
and
you'll.
This
is
a
this
is
an
interesting,
sometimes
challenging,
always
productive
group,
so
glad
you're
here
with
us
today.
A
Thank
you.
Mr
president.
We've
got
a
couple
of
minutes
that
we
have
to
take
care
of
first,
I
need
an
approval,
a
motion
for
approval
for
the
concurrent
meeting
of
the
port
and
the
city
council
meeting
from
april
6..
Our
meetings
were
included
in
the
packet
unless
there
are
any
changes
or
additions.
I'd
look
for
a
motion
by
a
member
of
the
city
council
to
approve
the
the
council
portion
of
those
minutes,
so
moved
coulter
got
a
motion
by
council
member
coulter.
A
G
C
F
B
B
C
A
D
Thank
you,
mr
president,
mr
mayor
commissioners
and
council
members.
So
tonight
we
have
before
you
consideration
of
a
term
sheet
and
agreement
outline
for
the
fourth
phase
of
residential
at
the
bloomington
central
station
project.
I'm
going
to
share
a
powerpoint
that
I'll
walk
through
here.
We
also
have
representatives
from
august
in
attendance
as
well,
and
so
what
we'll
do
is
I'll
give
a
little
background
on
the
bcs
development.
B
B
D
I'm
still
getting
a
little
bit
of
background
from
somebody
I
will
move
on,
but
so
the
bcs
master
development
contract.
So
originally
this
project
was
going
to
be
a
10
to
12
phase
project
over
a
relatively
short
period
of
time,
if
you
think
back
to
2456
when
that
project
and
that
original
contract
was
being
executed,
things
were
going
swimmingly
in
the
financial
markets
and
so
on.
It's
taken
a
lot
longer
to
develop
the
project,
but
I'm
happy
to
note,
especially
with
this
project
and
we'll
talk
about
tonight
with
grocery
and
things
like
that.
D
Things
are
starting
to
accelerate
out
there,
which
is
great
news,
so
2005
the
master
contract
was
executed.
It
relies
on
tiff
for
this
project.
The
public
private
investment
ratios
were
set
as
estimates
in
that
project
and
we've
done
basically
five
pieces
of
the
project.
Today,
there's
some
sub
phases
and
some
public
improvements
that
we've
intermixed
into
the
reflections
condos
in
2006,
the
hyatt
hotel
in
2014.
D
At
the
health
partners
headquarters
remodel
in
2016
indigo
in
17
and
the
finley
which
opened
last
year
and
is
currently
leasing
up,
the
master
plan
continues
to
be
tweaked.
The
original
plan
had
2.2
million
square
feet
of
additional
office
on
the
west
side
of
the
site
and
residential
on
the
east
side
of
the
site.
D
The
health
partners
right
in
the
middle
and
hotel
and
office
north
of
the
bloomington
central
station
park,
2.5
million
square
feet
of
office,
so
the
indigo
again
was
built
in
2017
and
credit
to
the
port
authority
and
city
council
for
taking
the
risk
on
building
new
residential
and
south
loop.
I
think
it's
one
of
the
key
factors
that
has
led
to
not
only
these
projects
at
bcs,
but
there
are
about
eight
projects
in
the
pipeline.
D
So
we've
got
about
400
million
dollars
or
more
completed
to
date
about
600
million
to
go.
We
have
got
a
number
of
extensions
for
the
tiff
five-year
rule,
which
is
good
now
through
2026
and
in
a
couple
of
years
we
would
have
to
go
back
to
the
legislature
again
to
ask
for
an
extension
if
that
is
something
that
we
think
we
financially
need
for
the
project.
D
The
gist
of
that
is
that
fifth
districts
in
minnesota
are
set
up
so
that
you
need
to
start
your
project
within
five
years
after
the
creation
of
the
fifth
district
and
with
a
big
50-acre
multi-phase
project,
those
those
rules,
just
don't
work
very
well,
and
so
that's
why
we
we've
sought
and
gotten
that
extension
a
number
of
times
so
the
residential
4
project.
Again,
just
west
of
the
bcs
park
along
the
far
west
side
of
the
project
and
just
off
this
map
here
is
the
bloomington
20th
avenue
light
rail
station.
D
D
It's
404
units,
14
500
square
feet
of
grocery
will
have
a
liquor
component
as
well.
The
project
would
have
nine
percent
affordable
at
60
ami,
which
is
36
units,
meets
the
opportunity.
Housing
ordinance,
the
unit
split,
is
there.
I
won't
read
that
it's
about
118
million
dollar
project
as
it
sits
today.
Those
prices
are
somewhat
volatile.
Based
on
a
number
of
things
I
think,
mark
cable
can
talk
about.
Wood
prices
are
one
of
those
for
sure.
D
Excuse
me,
the
public
investment
would
be
22.9
million
dollars
in
present,
value
would
be
delivered
through
a
pay
go
note
where
the
risk
again
is
on
the
developer
for
that
money
flowing
through,
unlike
indigo,
where
the
city
did
issue
debt
for
that
project
and
took
on
more
risk
to
get
that
project
done.
The
friendly
and
this
project
would
be
both
done
via
paygo
note
that
22.9
million
would
be
delivered
through
the
tif
generated
from
the
project
and
the
tif
generated
by
the
larger
bcs
project.
D
So
all
in
project
tif
revenue,
no
outside
funding
sources,
except
for
potentially
a
grant,
and
so
we've
spent
a
fair
amount
of
time
doing
a
needs
analysis
to
make
sure
that
the
project
wouldn't
happen,
but
for
the
public
investment
and
we
put
in
some
recapture
agreements,
one
for
the
apartments
and
one
for
the
grocery,
which
we'll
talk
about
in
a
little
bit
more
detail
here.
In
a
few
minutes,
it's
undetermined
whether
or
not
the
developer
will
use
opportunity
zone
financing
for
the
project
or
not.
D
D
I
don't
think
anybody
has
a
great
solution
for
that
these
days
in
2017,
the
legislature
did
try
to
make
some
improvements
to
the
state
law
to
help
fix
that
liability
tail
mostly
through
requiring
condo
associations
to
do
maintenance
plans,
so
that
didn't
have
leaky
windows
that
were
getting
into
drywall
and
things
like
that.
There
were
some
improvements
there,
which
helped
some
things
out,
but
it
really
is
still
an
issue
for
for
builders
and
then,
as
part
of
the
needs
analysis,
there
are
a
number
of
reasons
why
the
project
needs
subsidy.
D
D
D
Bit
of
rent
the
extra
quarter
or
so
that
you
can
get
on
a
project
in
edina
or
even
on
a
project
nearby
that
might
have
better
views
of
the
river
valley,
for
example,
really
is
just
a
huge
impact,
the
finance
ability
and
the
rates
of
return
on
these
projects.
Third,
one
construction
costs
would
cost
have
been.
You
know
in
the
news,
a
lot
but
they're
just
crazy
right
now.
D
D
And
you
will
hear
me
now:
yes,
that
was
very
strange.
Just
totally
dropped
me
off
of
audio
sorry
about
that
any
case
where
I
was
saying
public
infrastructure,
a
lot
of
the
streets
have
been
built
next
to
these
projects
and
excuse
me,
that's
not
the
case
with
this
one
we'll
be
building
those
along
with
the
project
itself
and
then
grocery
itself
is
extremely
expensive
in
order
to
get
that
project
done,
but
I
think
the
council
in
port
has
supported
trying
to
find
a
way
to
do
grocery.
D
So
again,
as
I
mentioned,
we
have
two
on
different
recaptures
on
this
project
and
the
recapture
threshold
on
the
apartments
has
been
moved
down
again.
As
we
stated
on
all
these
projects,
we
want
to
continue
to
kind
of
ratchet
down
the
threshold
where
recapture
would
kick
in,
and
so
this
one
would
be
at
105
of
the
base
pro
forma
and
then
grocery
on.
D
But
when
we
get
to
the
going
through
the
outline,
I
will
move
through
it
relatively
quickly
and
then
folks
can
stop
me
and
slow
down
if,
if
they
would
like
to
and
then
the
last
design
consideration
is
again
if
we,
the
port,
is
going
to
invest
in
these
public
infrastructure
projects.
We
want
to
make
sure
they're
as
future
proof
as
possible,
and
we've
been
doing
this
on
a
number
of
these,
where
we
allow
these
projects
to
be
built,
such
that
the
parking
can
be
removed
and
replaced
with
more
units
or
retail.
D
Or
what
have
you
in
the
future?
Just
it
doesn't
really
cost
that
much
to
actually
do
this
put
construction
joints
in
the
right
place
so
that
these
ramp
levels
can
be
peeled
off
later
and
something
could
be
built
there.
So
this
is
a
really
low-cost
way
to
try
to
help
future-proof
these
projects
for
parking
demand
that
will
likely
go
down
due
to
transit,
ride,
share,
driverless
cars,
etc.
So
I'll
be
part
of
it
too.
D
This
is
in
the
packet
as
well
quick
summary
of
the
public
investment
and
the
ratios
to
date.
This
one
is
high
for
the
reasons
that
I
mentioned
before
and
the
schedule.
So
the
port
authority
took
a
first
cut
at
this
in
december
of
2020
at
one
of
the
early
term
sheets,
just
to
get
a
feel
for
the
ports,
thoughts
on
the
project,
in
particular
to
the
high
subsidy
level.
Due
to
grocery
last
night,
the
council
considered
the
entitlements
and
approved
them,
and
then
that's
where
we
are
tonight
on
may
4th.
D
G
G
There
we
go.
Thank
you
shane
again.
My
name
is
mark
table
with
magoff
development,
mayor
bossy
president
erickson
members
of
the
council
and
support
authority.
Thank
you
for
the
opportunity
to
present
a
little
bit
of
the
halftime
entertainment
shane
has
a
lot
of
tremendous
detail
and
it's
great
detail,
and
I'm
gonna
do
a
little
more
of
the
kind
of
the
soft
soft
presentation
and
then
give
it
back
to
shane
for
some
more
detail.
G
First
off
I
just
want
to
thank
the
the
city
planning
staff,
public
works
staff.
It's
been
a
tremendous
collaboration,
as
always
with
the
city
staff.
The
port
authority
staff
has
been
also
excellent
and
that
there's
a
tremendous
amount
of
work-
that's
gone
into
this
term
sheet,
because
it
is
a
lot
of
new
topics.
The
grocery
store
adds
some
layers
that
we
haven't
dealt
with
in
the
past
and
we
all
learned
a
lot
going
through
this
process.
G
Specifically,
you
know,
mark
reichel,
becky,
schindler
and
shane
spent
a
lot
of
time
every
single
week
learning
and
talking
about
new
ideas
to
solve
challenging
topics
through
the
process.
So
thank
you
very
much
for
that
involvement.
With
that
I'd
like
to
really
jump
into
storage
lockers
and
see
if
we
can
solve
that
wait,
that's
already
been
solved.
Okay,
good.
G
I
thought
I
thought
for
a
second.
We
had
to
go
back
to
that
topic.
I'm
I'm
moving
on!
I'm
moving
on
so
on
the
screen
in
an
image
that
we're
really
leveraging
for
the
design
and
the
branding
concept
for
the
project.
It's
we're
trying
to
you
know,
bring
the
outdoors
inside
and
really
try
to
have
a
different
type
of
design
of
a
project
that
hasn't
been
developed
or
designed
out
at
bcs,
and
so
with
that
I'll
really
just
quickly
go
through
some
slides
here.
If
I
can
get
my
there,
we
go.
G
I
think
many
of
you
have
seen
this
image
before,
but
just
to
describe
the
concept,
it's
really
trying
to
incorporate
a
industrial
feeling,
building
and
more
of
an
urban
project
into
our
suburban
location.
So
again,
the
dark
gray
is
the
stucco,
and
the
lighter
color
is
a
metal
panel
with
you
know
great
detail
in
that
metal
panel
on
the
bottom
right
hand
corner
is
the
grocery
store
and
you'll
see
some
more
images
of
that
in
a
second
and
then
throughout
the
project
you
can
see
the
very
small
front
door
is
red.
G
So
with
that
just
to
give
an
example,
this
is
the
lobby
as
you
enter,
enter
the
building
so
concrete
floors,
concrete
ceiling
and
wood
really
trying
to
warm
up
and
have
a
very
comfortable
experience.
And
you
know
the
green
wall
over
by
the
tv
on
the
right
is
again
trying
to
bring
in
that
nature
and
comfortable
feel
inside
the
building.
G
This
is
a
one
of
the
elements
that
we're
really
excited
about
behind
the
doors
behind
the
bike
is
a
very
large
bike
room
and
a
hallway,
and
we
want
this
room
to
be
the
way
that
the
people
on
their
bikes
or
walkers
go
through
from
the
main
lobby
out
the
door
through
a
courtyard
and
out
on
to
the
many
many
miles
of
trails
that
exist
all
around
the
south
loop
area.
So
this
we
call
this
our
base
camp
and
it's
effectively
it's
a
bike
shop.
It's
it's
a
craft
craft
room.
G
You
can
kind
of
see
these
two
small
red
components
here.
These
are
extension
cords
hanging
from
the
ceiling
to
work
on
these
craft
tables
and
a
concrete
floor
again
and
behind
the
wall
over
here
is
a
sauna
where
the
sun
is
not
just
a
fitness
room,
sauna,
it's
actually
a
sauna
where
it's
a
social
experience
and
people
can
go
outside
onto
this
patio
from
the
sauna.
G
The
main
main
event
the
grocery
store
again
we're
super
excited.
We've
been
working
with
a
great
partner
and
they
have
dug
in
deep
in
into
making
this
possible
and
to
get
as
far
as
we've
gotten
to
date,
which
is
phenomenal,
help
and
there's
a
grocery
store,
we'll
have
a
liquor
store
inside
of
it
and
I'll
show
you
a
little
bit
about
that
in
a
second
and
the
idea
that
this
this
grocery
store
model
is
there
to
serve
the
commercial
office,
the
hotel
guests
and
the
residential
density.
G
That's
growing
quickly
around
the
south
loop
area,
the
grocery
store
will
have
ready-made
foods
and
an
indoor
seat-in
area,
as
well
as
an
outdoor
seating
area,
as
well,
really
trying
to
activate
that
central
park
and
be
that
great
destination
for
the
south
loop
area
just
for
fun.
Just
so,
you
can
see
that
it's
kind
of
real
here
we
got
the
on
the
right
hand.
Side
is
the
central
park
and
the
top
of
the
page
is
the
north
side.
G
G
You
walk
in
great
produce
dry
goods
in
the
middle
frozen
components
on
the
far
left
hand
side,
and
this
is
kind
of
this
ready-made
kitchen
opportunity
where
foods
are
made
and
prepared,
and
then
over
here
you
can
see
this
indoor
cafe
season
area
and
outdoor
cafe,
seating
area
and
then
back
of
house
with
the
storage
in
the
back
side.
So
that's
what
a
high
very
dense
small
grocery
store
starts
to
look
like
it's
exciting
and
we're
thrilled
to
be.
As
far
as
we
are,
I
love
this
picture
on
the
right.
G
But
our
hope
is
to
have
that
leaf
sign
within
the
next
two
weeks
and
have
construction
starting
over
the
summer
and
open
a
phenomenal
spot
sometime
around
september
october
of
this
year.
So
that's
a
big
deal
and
it's
great
it's
again,
it's
great
for
south
luke
and
the
grocery
store
would
be
another
amenity.
G
That's
still
yet
to
be
determined,
but
there's
a
lot
to
get
done
from
now
until
then,
and
if
everything
goes
well,
it'll
be
earlier,
if
it's
just
normal,
it'd
probably
be
more
like
october,
so
that's
our
overall
time
frame.
So
with
that,
I
will
obviously
allow
shane
to
take
back
the
reigns
and
get
into
some
tremendous
detail
and
I'll
be
available
to
answer
questions
for
sure.
Thanks
again
for
your
support.
B
G
Yeah
good
question,
so
the
loading
dock
is
actually
off
this
page
over
here
and
there's
a
there's,
a
room
there
and
there's
a
two
truck
loading
dock
and
then
obviously
garbage
and
recycling
that
works
back
there
and
there's
a
mezzanine
level
above
that
space
where
the
mechanical
space
will
be
placed.
So
it
doesn't
take
up
space
in
the
main
floor
area.
B
D
And
so
now
the
the
really
fun
stuff
and,
as
I
mentioned
before,
veterans
of
the
council
port
will
recognize
these
outlining
agreement
summaries
and
again
I'm
going
to
go
through
this
relatively
quickly,
but
I'm
happy
to
slow
down
and
go
into
as
much
detail
as
the
council
and
support
wants.
This
follows
directly
along
with
the
attachment
in
in
the
packet
some
things
that
we
haven't
talked
about.
Yet
macguff
will
maintain
a
five
to
ten
percent
ownership
of
the
equity
position
in
the
deal.
D
Business
subsidy,
so
this
one
is
a
little
bit
nuanced
here,
because
the
purpose
of
a
lot
of
the
public
investment
is
to
get
housing
and
then
grocery
and
so
business
subsidy,
like
on
the
sick
deal,
for
example,
is
in
place
because
that's
a
job
creation,
economic
development
project,
where
this
is
a
little
bit
different
focus.
So
we're
suggesting
that
the
council
waive
the
business
subsidy
on
that
transient
lodging
so
airbnb
brbo
not
allowed
in
bloomington
today,
but
on
a
number
of
these
projects
that
we've
done
recently.
D
On
the
recapture
agreement,
we
did
a
relatively
complicated
irr,
waterfall
recapture
agreement
on
family.
We
replicated
that
here
so
still
complicated,
but
at
least
we
have
done
it
once
we
just
ratcheted
down
the
number
where
the
recapture
starts
to
105
and
then
on
grocery
there's
a
lot
of
text
in
in
the
document
about
how
the
grocery
capture
works.
I
think
this
is
a
relatively
easy
way
to
understand
it.
Ebitda
is
profit
basically
learning
before
interest,
taxes,
depreciation
and
mortization.
C
D
Anything
above
two
if
they
had
borrowed
during
a
bad
year
from
the
grocery
business
reserve,
which
is
a
concept
in
there
that
build
up
a
pot.
They
pay
back
this
to
any
city,
recapture
reserve
that
they
may
have
borrowed
in
a
shortfall
year,
and
then
they
fund
this
grocery
business
reserve
up
to
675
000.
D
D
So
we
we
worked
in
this
concept
to
try
to
smooth
that
out,
so
that
you
know,
just
as
the
economy
rolls
the
repair
to
the
grocery
and
we're
also
fair
to
the
to
the
public
dollar
as
well,
and
so
I'm
not
going
to
go
through
all
this
text
because
I
think
the
the
diagram
showed
that
again
happy
to
dive
into
that.
If
folks
want
to
and
then
just
you
know,
we
want
to
require
that
this
grocery
store
is
there
for
eight
years,
because
who
knows
you
know
the
grocer?
D
Could
you
know
for
any
project?
Any
reason
you
know
the
corporate
reason
or
whatever
go
out
of
business
on
year
one,
and
we
want
to
make
sure
that
you
know
we
have
a
grocer
there
for
as
long
as
we
as
long
as
we
can.
We
think
it's
going
to
be
successful
and
there's
going
to
be
aggression
there
forever
to
use
that
word.
But
if
something
happens
to
the
grocer
business,
we
want
it
to
stick
and
then
the
opportunity
housing
plan
was
approved
last
night
as
part
of
the
entitlements.
This
is
36
units
at
60..
D
D
They
contain
some
public
characteristics,
but
the
liability
and
maintenance
responsibilities
of
that
fall
for
the
developer,
and
that
has
a
long
history
in
on-street
parking
and
site
triangles
and
and
the
type
of
curb
and
the
type
of
pavement
that
sits
out
there.
I
remember
early
in
my
career
standing
up
there
on
site
shane
moved
to
the
left
and
to
the
right.
You
are
a
tree.
Can
we
see
around
the
corner?
D
We
do
a
third-party
cost
review
on
all
those
public
improvements
to
make
sure
that
you
know
the
city
and
the
public
is
paying
for
concrete
at
the
right
number
and
things
like
that,
and
then
a
special
assessment,
we'll
have
some
documents,
come
through
the
city
council
to
shift
special
assessments
to
free
up
the
parcel
that
this
bcs4
project
would
be
built
on.
So
that's
free
and
clear
of
special
assessments
and
we've
done
that
before
on
a
number
of
these
as
well,
and
then
I'd
be
remiss
without
reminding
everybody
that
these
term
sheets
are
non-binding.
D
B
B
B
A
C
A
A
A
It
took
patience.
It
took
time
it
took
some
resources.
It
took
some
more
patience
more
time
and
eventually
it's
exciting
to
see
what
it's
becoming
and
it
really
is
just
to
drive
through
there.
Now
is
it's
exciting
now
to
see
it
and
to
to
see
this
proposal
to
move
it
forward
even
faster
and
further?
I
think
it's
just
outstanding
and
I
think
the
the
work
that
you
folks
have
done
to
kind
of
create
that
residential
anchor
in
the
area
that
have
led
to
other
developments
and
and
other
developers
realizing
yeah
this.
A
This
is
a
place
and
this
could
be
a
place,
and
this
is
an
urban
neighborhood
in
bloomington
and
it's
a
viable
place,
and
so
thank
you
much
for
the
work
that
you
have
done.
The
work
that
you
have
done,
the
work
that
allah
mcguff
has
done.
Your
commitment
to
this.
We
sing
your
praises
all
the
time
and
it's
always
well
deserved.
So
thank
you
so
much
for
for
what
you've
done
for
this.
A
B
A
A
D
D
While
some
of
these
items
are
maybe
more
strictly
related
to
the
city,
council,
there's
still
a
lot
of
crossover
with
the
port
authority,
so
we
decided
to
put
it
on
this
concurrent
meeting
agenda
in
particular,
because
the
council
meetings
have
been
going
quite
long
and
we
haven't
gotten
to
it
in
a
couple
of
weeks.
So
with
that
I've
just
got
a
short
deck
on
on
the
legislative
update
which
I'll
share
here
in
a
moment.
D
My
daughter
informed
me,
it
was
may
the
fourth
after
school
today
happy
may
the
fourth.
She
also
informed
me
that
there
is
a
is
it
may
the
may,
the
sith
be
with
you
on
either
the
fifth
or
the
sith,
depending
on
how
you
fix
that,
depending
on
how
you
say
that
so
there's
that
all
right,
a
couple,
quick
updates,
so
494
vision
project,
that's
the
title
of
the
project.
So
from.
D
494
vision,
project
169
to
the
airport,
so
there's
been
a
fair
amount
of
work
and
discussion
on
that
in
the
past
couple
of
months.
Here
we
have
identified
about
four
funding
sources
that
could
help
that
project
either
the
phases
or
projects
they're,
calling
them
that
are
currently
in
kind
of
final
design
or
the
larger
project
from
one
end
of
town
to
the
other.
D
He
did
post
on
his
website,
congressman
phillips
that
this
project
is
included
for
50
million
through
one
of
the
of
the
processes
that
are
happening
through
what
used
to
be
called
earmarks,
but
there's
still
a
bunch
of
different
vectors
of
earmarks
and
honestly,
the
process
is
still
being
worked
out
and
people
are
still
learning
about.
You
know
the
funding
opportunities
for
projects
like
this,
and
so,
but
it
officially
is
on
congressman
phillips's
ask
list,
which
is
great.
D
D
D
You
know
we're
two
to
three
hundred
million
dollars
or
even
more
short
for
the
project
from
one
of
the
town
to
the
other,
but
still
there's
211
ish
million
dollars
that
have
been
identified
to
date
and
we
may
need
another
50
or
so
to
get
project
1
and
project
2
done.
And
so
that's
why
congressman
phillips
the
ask
there
was
for
50
million
and
the
infras
in
the
same
neighborhood
try
to
make
sure
we
have
enough
money
for
this
first
big
phase.
D
So
that's
exciting
stuff.
You
know
we
were
super
lucky
after
all,
the
work
that
everybody
did
a
couple
of
years
to
go
to
get
the
quarters
of
commerce
money
and
hopefully,
with
some
more
effort,
we'll
be
able
to
to
tie
down
some
more
funds
for
this
super
important
corridor
in
our
state,
so
230
to
280
million
for
project.
One
another
10
to
15
for
project
two.
This
ties
back
of
course,
the
elements
on
this
map
and
then
a
couple
hundred
more
for
the
rest
of
the
corridor.
D
Next
thing,
senate,
hot
omnibus
bill
has
a
number
of
things
that
are
contrary
to
the
city's
legislative
policies
and
are
very
concerning
to
local
control,
local
housing
trust
fund.
Matching
grants
were
not
included
like
they
were
on
the
house
side,
crimson
of
the
zoning
authority,
so
this
is
probably
the
biggest
concern.
It
prohibits
cities
from
instituting
design
standards
like
brick
or
better,
and
things
like
that.
D
It
just
defaults
down
to
the
building
code
and
doesn't
allow
cities
to
go
above
that
it
has
a
cap
on.
It
doesn't
have
a
cap
on
participation
fees
in
the
senate,
but
that's
been
discussed
a
fair
amount
this
year
and
we're
currently
working
on
a
letter
that
would
go
out
to
the
conference
committee
on
this
topic.
That
would
be
specific
to
bloomington's
objections
to
the
various
pieces
on
the
senate
side.
The
house
side
is
much
less
objective.
Objectionable.
D
D
There
are
a
number
of
landfills
there
and
I
guess
it's
hard
for
me
to
keep
them
all
straight,
but
the
issue
is
the
open
landfill,
the
burnsville
sanitary
landfill,
the
one
owned
by
waste
management
located
directly
south
of
dewan
golf
course,
and
you
know,
should
that
landfill
expand.
It
would
be
higher
than
any
point
in
hennepin
county.
I
know
it's
not
in
hennepin
county.
G
D
G
D
Be
higher
than
any
point
in
hennepin
county
and
so
that's
a
huge
concern.
So
we
sent
an
another
comment
letter
even
though
they
weren't
asking
for
comments
to
the
mbca.
We
provided
copies
of
that
to
the
council
signed
by
the
mayor
and
the
bloomington
legislative
delegation.
So
all
five
legislators
signed
on
to
that
to
raise
awareness
again
and
let
people
know
that
bloomington
opposes
opposes
that
project
in
that
process.
D
So,
on
the
good
news
side,
so
the
house
and
senate
tax
bills,
they
were
meeting
in
conference
today.
They
didn't
approve
any
of
the
tiff
bills.
It
was
on
the
docket,
but
they
they
talked
about
it,
but
they
didn't
do
anything
with
our
two
redevelopment:
tif
districts
at
700,
american
and
35,
at
the
35w
glendale
aldrich
area
park
and
ride.
D
And
so
that's
all
good
news.
I
think
we're
in
pretty
good
shape
there.
If
there's
a
tax
bill
again,
this
week
will
be
an
important
week
and
then
the
other
primary
action
item
on
our
on
taxes
in
our
legislative
policy
is
the
exemption
for
the
sales
tax
for
the
construction
of
fire
station
4
and
right
now
there
is
a
general
sales
tax
exemption
for
public
safety
that
works
for
fire
station
4.
So
they
got
rid
of
all
the
one-off
bills
and
put
in
a
general
exemption,
which
is
good.
D
D
It's
late
in
the
session,
the
chances
of
legislation-
half
legislation
happening
are
are,
you
know,
are
out
there,
it's
just
it's
just
that
it's
really
late
in
the
session,
so
we
don't
know
how
how
it's
gonna,
what's
gonna
work
out
with
that,
and
so
we're
continuing
to
monitor
that
and
be
involved
in
various
conversations
and
feed.
Folks
information,
but
others
are,
are
working
on
that
more
actively
than
we
are.