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From YouTube: City of Charleston Committee on Real Estate 1/10/22
Description
City of Charleston Committee on Real Estate 1/10/22
A
B
B
A
A
B
B
E
E
Go
ahead
and
start
it
out
so
apparently,
in
february
of
2021,
the
city
entered
into
an
option
to
lease
with
the
low-line
housing
lp
organization,
and
this
was
in
order
to
allow
for
the
low-lying
group
to
do
their
due
diligence
right
to
perform
all
the
tests
to
find
out
if
they
want
to
enter
into
a
long-term
ground
lease
with
the
city
for
this
construction
project.
So
per
the
current
lease.
E
They
have
the
option
to
extend
the
due
diligence
period
in
this
option
to
june
30th
of
2022,
which
they
have
sent
in
their
request
to
do
the
same,
but
they've
also
asked
if
we
could
amend
this
option
to
lease
to
move
that
extension
to
december
of
2022
to
give
them
an
additional
six
months
to
get
their
ducks
in
a
row.
So
that
is
what
is
before
you
today.
It's
an
amendment
to
the
option
to
lease
to
extend
this
period
out
to
december
of
2022.
B
F
B
B
F
B
A
A
Obviously,
if
the
two
parties
want
to
agree
to
an
extension,
that's
great,
but
I
was
wondering
to
hear
from
you
are:
are
there
any
particular
reasons
that
might
be
concerning
to
you
or
known
to
you
about
why
they
feel
like
they
need
an
entire
year
once
they've
had
the
due
diligence
under
I
mean
I
know
they
had
a
lot
of
you
know
under
the
ground
considerations
and
things
like
that.
But
can
you
just
give
us
a
little
your
personal
thoughts
on.
D
We
are
working
with
the
charleston
housing
authority
to
amend
the
back
portion
of
their
parking
lot
at
670,
676
king
street,
and
on
the
northern
side
of
that
same
property,
we're
opening
up
an
access
street
on
that
side
as
well.
In
addition
to
that-
and
I
jumped
just
slightly
if
we
went
back
over
on
to
the
southern
part
of
670
676
king
street
under
the
bridge
parking
is
happening.
D
You
all
may
recall
that
we
were
successful
with
keith
benjamin's
help
of
getting
a
memorandum
of
understanding
with
scdot,
so
the
developer,
the
city
scdot,
we've
all
come
to
an
agreement
of
what
that
needs
to
look
like
and
what
that
should
be.
So
there
are
multiple
infrastructure
conversations
happening
and
we
do
need
to
bring
back
to
real
estate
and
council
the
final
agreement
with
the
housing
authority.
We
have,
I
guess,
a
gentleman
or
a
woman's
agreement
based
on
verbal
conversations
at
this
point.
D
B
B
G
So,
in
addition
to
those
factors
mentioned,
this
site
also
required
environmental
remediation
by
the
city.
We're
conducting
that
now.
But
you
know
we're
not
finished
yet
and
then
lastly
or
another
point
gianna,
isn't
this
one
of
the
properties
developments?
That's
still
under
consideration
by
the
state,
a
committee
that
approves
the
bonds
all
for
the
tax
credits
or
is
am
I
mistaken
about
that.
B
B
H
Sure
sure
these
are
all
presidential
annexations.
The
2216
south
dallaton
circle
is
an
occupied
residential
structure,
as
is
the
one
at
1506
edgewater
drive.
North
edgewater
drive.
Excuse
me,
then,
the
one
zone
on
the
park,
road
and
lolandra
only
one
of
those
is
actually
an
occupied
residential
unit.
B
A
H
F
A
C
You
know,
thank
you
chairman
councilman
waring.
You
know
I
wish.
I
could
tell
you
that
I
was
the
one
that
you
know
sold
these
folks
on
on
annexation,
but
this
was
all
on,
but
I
think
that,
as
you've
accurately
pointed
out
that,
if
that
analysis
were
to
have
been
run,
it
would
have
shown
that
incorporating
into
the
city
is
a
net
benefit
benefit
to
people.
F
C
C
You
know
belief
that
people
might
have
that
oh
you're,
incorporating
into
the
city
you're
going
to
be
paying
for
all
these
different
things,
but
it's
actually
the
opposite
and
the
folks
that
know
about
that
are
the
ones
that
are,
you
know
annexing
into
the
city.
I
wish
I
could
take
credit
for
it,
but
I'm
going
to
have
to
be
honest.
F
I
thought,
maybe
you
did
you
know
phillip
overcash
in
the
planning
department.
Does
you
can
give
him
an
address
and
he
does
a
wonderful
job
of
a
you
know,
comparison
side
by
side
comparison
on
that.
I
just
thought.
Maybe
I
saw
him
coming
in
here
two
and
three
at
a
time,
and
so
maybe
councilmember
pills
got
a
little
strategy.
B
F
Literally,
they
just
don't
know,
listen.
I
was
born
and
raised
and
for
decades-
and
I
know
mayor
knows
this
as
well-
his
property
taxes
in
the
pst
was
lower
than
the
city,
but
with
that
local
option
sales
tax
over
the
over
the
years,
giving
it
back
as
a
credit,
the
lines
have
crossed
over
so
property
taxes
are
now
less
than
the
city
and
then
obviously
they
get
the
water.
Sewer
rates
are
less
as
well
outside
race
costs
more
than
inside
big
reasons.