►
From YouTube: City of Charleston Committee on Real Estate 3/21/22
Description
City of Charleston Committee on Real Estate 3/21/22
B
B
B
C
C
B
C
G
G
The
proposed
alignment
runs
along
a
railroad
right-of-way
corridor
and
it
starts
from
the
intersection
of
morrison
drive
in
romney
to
just
northwest
of
the
naval
air
base.
Road
we've
got
the
entire
engineering
team
on
this
call
actually
here
to
give
you
to
give
you
some
details
about
the
project
itself.
G
Did
they
did
believe
it
or
not?
So
I
think
so
what
charleston
water
would
like
to
do
through
this
memorandum
of
agreement
is
that
we
would
work
or
collaborate
together
to
file
some
actions
in
circuit
court
to
clear
any
clouds
and
titles
so
that
they
could
move
through
and
finish
this
project
with
a
clear
easement
from
the
city.
So
that's
what
this
moa
is
detailing,
how
we
would
clear
title
and
then
we
would
grant
them
an
easement
to
begin
the
process
of
laying
the
water
main
line,
so
I've
got.
I.
G
C
F
But
why
don't
we
do
this,
mr
chairman,
if
you'd
be
kind
enough,
would
you
let
mr
russell
huggins
he's
kind
of
hitting
this
up
for
cws?
It's
a
main
infrastructure
piece!
That's
coming
in
on
the
peninsula
that
some
of
you
all
may
remember.
We
voted
for
laurel
island.
You
know
some
months
back,
if
not
maybe
a
year
or
so
ago,
there's
a
major
trunk
line
coming
into
the
city.
That's
going
to
help
walter
trunk
mine
is
gonna
eventually
help
with
future
expansion
development,
but
mr
huggins
can
lead
us
on
that
one.
B
I
H
I
We
rely
on
a
pair
of
24-inch
1920s,
vintage
transmission
names
to
bring
potable
water
down
to
peninsula
charleston,
and
this
line
right
here
will
be
a
third
feed
into
the
peninsula
once
constructed
it
will
run
from
approximately
eubank
street
up
in
north
charleston
and
it
will
terminate
at
the
nassau
street
ground
storage
tank.
So
this
is
a
36
inch
transmission
main.
It
will
provide
us
immediate
redundancy
to
the
city.
It
will
also
help
us
to
meet
growing
potable
water
demand
and,
of
course,
fire
protection
demands
all
the
way
down
to
the
city.
I
I
Charleston
is
not
easy,
so
we
pretty
much
followed
the
csx
railroad
right
away
as
best
we
could,
along
the
rear
of
a
lot
of
those
parcels
that
kind
of
come
down
to
the
I-26
corridor,
and
it
was
through
that
process
where
we
discovered
this
60-foot,
right-of-way
and
and
so
part
of
that
and
our
easements
we're
asking
for
this.
This
clear
title
that
was
trying
to
allow
the
city
to
grant
us
this
easement
for
this
important
project.
C
I
Our
tip
yeah,
our
typical
water
mains,
are
three
to
four
foot
deep.
There
will
be
sections
along
this
route
where
we
will
be
drilling
horizontal
directional
drill,
but
the
predominant
portions
of
this
line
that
will
be
installed
by
traditional
cut
and
cover
will
be
approximately
four
foot
deep,
okay
to
the
top
of
the
pipe.
C
Absolutely
we
have
a
motion
to
approve
on
the
floor.
All
in
favor,
please
signify
by
saying
aye
aye
any
opposed
hearing,
none
the
eyes.
Have
it
it's
a
great
work,
everybody
that
was
involved
in
in
bringing
that
forward
to
us.
The
next
item
on
the
agenda
is
an
ordinance
to
authorize
the
mayor
to
execute
on
behalf
of
the
city
and
amend.
C
Exactly
men
didn't
restate,
at
least
this
is
involving
the
west
ashley
greenway
and
before
turning
this
over
to
you
know,
miss
copeland
to
explain
it.
I
just
want
to
say
that
you
know
this
is
the
product
of
really
decades
of
close
work
and
collaboration
between
the
city
of
charleston,
charleston,
water
systems,
the
parks,
conservancy
citizens,
neighborhood
groups,
etc.
C
You
know,
magnified
due
to
the
fact
that
we've
got
the
ashley
river,
pedestrian
and
bike
bridge
coming
online
in
the
future,
so
in.
In
short,
this
is
a
amended
lease
cws
for
those
watching
at
home.
Cws
owns
the
greenway,
the
city
leases,
the
greenway
is
a
passive
park.
This
lease
will
basically
help
govern
our
relationship
moving
forward
to
help
facilitate
you
know
certain
improvements
that
are
that
are
on
the
horizon
for
the
greenway,
and
I
want
to
be
clear
for
everybody
who
may
be
listening
at
home
or
following
along
this.
C
Lease
does
not
authorize
or
approve
of
any
specific
projects.
This
is
just
the
framework
under
which
we
can
begin
the
next
step
of
having
those
discussions
about
what
we
want
to
do
and
where
there
have
been
several
planning
efforts.
Over
the
years
there
was
a
2009
master
plan.
There
was
a
2019
master
plan.
You
know
we
are
not
beholden
to
those
plans.
Those
are
plans
that
will
have
some
value
to
them,
but
they
are
not.
C
You
know
a
a
set
of
rigid,
marching
orders
that
we
are
going
to
follow
before
any
projects
are
are
funded
and
approved.
There
will
be
extensive
community
outreach
and
I
just
wanted
to
sort
of
t
t
that
off
in
that
respect-
and
maybe
we'll
give
miss
copeland
the
floor
now
to
kind
of
explain
to
us
the
lease
and
then
I
wanted
to
also
make
sure
we
recognize
tom,
mcguire
and
devin
andrews
for
y'all,
who
have
not
had
the
opportunity
to
meet
tom
tom.
C
Is
the
new
president
or
or
executive
director
of
the
charleston
parks
conservancy,
and
also
wanted
to
thank
jason,
kronsberg
and
everybody
else
on
our
staff
mayor
teklenberg,
of
course,
councilman
waring.
For
his
collaboration
and
coordination
with
cws
and,
of
course,
cws
itself,
who
you
know,
I
y'all
run
a
first
class
world
class
water
and
sewer
utility.
I
know
y'all
don't
wake
up
in
the
morning,
thinking
about
wayfaring
signs
and
benches,
and
you
know
community
gardens
things
of
that
nature.
We
get
it.
C
That's
going
to
adversely
impact
the
chief
mission
of
the
greenway,
which
is
to
obviously
carry
a
certain
substance
out
of
communities
over
to
plum
island
without
getting
into
too
much
detail
so
without
further
ado,
I'll
turn
it
over
to
miss
copeland
and
maybe
give
us
a
little
bit
more
of
an
overview
of
what's
going
on.
With
this
lease.
G
This
new
lease,
at
least
the
two
that
I
worked
with
closely,
but
I
will
just
say
from
the
legal
perspective:
we
have
increased
the
term
or
extended
the
term
until
december
31st
2040.,
it's
still
going
to
be
a
dollar
a
year
throughout
the
term
and
in
this
new
lease,
which
will
actually
be
considered
by
charleston
water
systems
on
march
29th.
During
their
board
meeting,
we
did
insert
some
new
provisions
in
here
that
would
allow
for
the
successful
operation
of
community
gardens
along
the
greenway
with
the
consent
of
cws.
E
The
only
thing
I
would
add
is,
I
think,
julia
you're
right
ross
covered
it
all.
I
think
the
important
thing
that
I
just
wanted
to
say
on
behalf
of
the
conservancy
to
all
the
folks
and
again,
thank
you
for
all
the
work
that
everyone's
done
on
this
is
we
at
the
conservancy
are
absolutely
committed
to
following
through
on
that
master
plan
that
was
put
together
three
or
four
years
ago.
I
can't
remember
who
it
was.
E
It
might
have
been
ross
told
me
several
years
months
ago,
when
I
first
arrived,
that
he's
tired
of
seeing
us
adopt
plans
and
not
do
anything
about
them,
so
to
the
extent
that
we,
the
conservancy,
are
able
to
do
that.
We
want
to
move
forward
with
the
master
plan
for
the
greenway,
and
this
lease
amendment
is
a
critical
piece
of
a
critical
part
of
making
that
happen.
E
But
if
you
folks
do
your
part
here
and
get
the
lease
amended,
I
will
promise
you
that
we'll
do
our
part
as
much
as
we
can
to
make
make
the
good
things
happen
after
the
lease
amendment
comes
into
place,
so,
and-
and
actually
I
also
want
to
say,
thank
you
to
mayor
techmonberg
because
he's
been
pushing
us
on
this.
I
know
you
have
lots
of
things
on
your
plate
mayor,
but
thank
you
for
being
a
a
a
a
good
nudge
on
this
one.
F
Thank
you,
mr
chairman.
I
just
wanted
to
you
know
we
got
an
experienced
team
on
some
of
the
names
you
called
out
on
that
I
I
really
appreciate
everybody
pushing
in
the
right
direction
on
this
one,
the
cpw
and
you're,
going
to
say
this
guy's
talking
outside
his
head,
but
this
main
trunk
line
underneath
the
bikeway
it's
kind
of
like
for
wes
ashley.
F
F
F
Mayor
riley
said:
let's
put
a
pedestrian
lane
on
there,
10
foot
pedestrian
path.
Everybody
thought
he
was
crazy.
Well,
I
would
dare
say
the
trafficking
councilmember
pal
can
speak
to
this.
The
pedestrian
traffic
on
the
greenway
probably
equates
the
pedestrian
traffic
on
the
ravenel
bridge.
There's
that
many
people
using
the
greenway
you
know
cpw
and
city
of
charleston,
with
the
myth
helping
all
when
the
senior
citizen
apartments
were
built
on
the
coburg
dairy
property,
there
were
some
things
to
be
worked
through.
There's
some
beautification
there.
F
Now
you
know
fountain
food
for
people
and
dogs.
You
know
benches
all
that
just
didn't
happen
without
everybody
pushing
in
the
same
direction.
So
this
is
a
continuation
of
that
jason
was
very
involved
with
that.
I
remember
that
part.
So
tom
welcome
to
the
team
look
forward
for
your
input,
but
I
mean
this
is
just
such
a
win-win
that
trunk
line
continuing
to
be
worked
upon
and
expanded
for
wastewater
services,
but
the
quality
of
life
that
can
be
extended
from
that
greenway
all
the
way
to
the
park
that
john's
island.
F
I
keep.
I
got
to
know
the
name
of
that
park
and
I
don't
know
the
name
of
the
park
that
john's
out
mr
mill
right
down
there
by
live
limehouse
bridge
the
county
just
river
park.
What
is
it
stone?
River
stonewall
river
park
eventually,
this
greenway
will
allow
people
to
stay
off
savannah
highway
and
ride
a
bike
or
walk
or
whatever
they
want
to
do
to
get
to
one
of
the
prettiest
parks
recently
opened
in
the
county.
C
Well,
thank
you,
mr
waring,
and
certainly
your
relationship
with
cws
and
the
joint
coordination
and
collaboration
we've
had
on
not
just
this,
but
the
agenda
item
we
just
approved
and
countless
other
matters
over
the
years
speaks
volumes,
and
you
know
the
collaboration
and
partnership
between
the
city
and
the
utility
are
very
important,
and
this
is
just
the
another
example
of
that
in
in
action.
So
councilman
shea
and
I
saw
you
had
your
hand
up.
H
Yes,
sir,
thank
you,
mr
chairman.
Yes,
sir,
you
left
off
the
west
national
revitalization
commission's
involvement
with
this
park,
and
I
just
wanted
to
make
sure
that,
with
with
tom's
predecessor,
I
attended
several
meetings
on
this
master
plan
that
we
went
over,
that
you
just
described
and
in
plan
wes
ashley.
If
you
look
through
the
contents
of
of
that
study,
we've
got
specific
details
on
areas
we
want
to
and
toms
shakiness,
and
he
knows
exactly
what
I'm
talking
about.
H
I
write
that
there
at
the
highway
17
the
old,
an
old
farmer's
market
area
plans
for
that
mayor's
been
working
with
revitalization
commission
on
those
plans
and
mr
crowlesburg
as
well.
So
it's
I
don't
want
to
overstate,
but
has
already
been
stated
by
you
and
councilman,
and
the
mayor
and
others
on
this
thing.
H
But
this
is
a
spine
that
runs
through
wes
ashley
and
touches
into
the
maryville
asheville
area
as
well,
so
in
our
parks,
the
higgins
pier
and
the
the
carl
richardson
park
as
well
out
there
by
the
way
councilman
wanted.
I
took
my
wife
over
there
the
other
day
to
show
her.
She
said
this
is
a
great
wedding
venue.
H
It
is,
it
really
is,
it
is,
but
I
just
I
just
want
to
thank
all
the.
There
are
several
moving
parts
on
this,
and
I
just
wanted
to
be
sure
that,
for
our
record
that
the
revolution
commission
got
some
acknowledgement
of
its
role
in
this
and
how
we're
going
to
be
developing
it.
Furthermore,
so
thanks
thanks
for
recognizing,
mr
chairman,
call
the
question.
C
C
Over
into
downtown,
I
mean
you
could
get
on
your
bike,
you
know
under
the
limehouse
bridge
and
ride
it
all
the
way
down
to
the
low
battery.
In
the
future
I
mean
it's
just
and-
and
you
know
we'll
get
to
a
point
where
maybe
one
day
we
don't
really
talk
about
downtown
west
ash.
We
talk
about
charleston
and
charleston,
just.
J
C
Connected
together,
you
know
the
neighborhoods
over
in
my
district,
that
cut
through
the
greenway.
You
know
linking
them
together
to
the
communities
across
17
the
bikeway.
You
know
you
really
start
talking
about
stitching
the
the
city
you
know
together
and
it's
a
really
exciting
community
building
operation.
Some
other
stakeholders
that
have
been
involved
in
this
charleston
moves
has
been
very
active
with
respect
to
the
greenway,
etc.
C
There's
a
lot
of
people
that
have
been
involved
in
this
process
and
I've
always
just
seen
my
role
in
this
as
just
helping
to
move
us
forward
with
the
vision
and
the
plans
that
have
been
working
through
the
process
over
the
decades
to
actually
start
getting.
Things
done,
and
today
brings
us
one
more
step
closer
to
that.
So
again,
thanks
to
everybody
involved,
especially
cws
for
working
with
us-
and
you
know
not
getting
tired
of
me
bugging
everybody
about
about
moving
this
thing
forward-
really
appreciate
it
guys.
C
C
B
B
B
C
G
Yes,
sir
chairman
appel,
just
you
know
when
we
were
here
last
time
in
front
of
this
committee,
we
currently
have
a
lease
with
children's
museum
and
the
museum
has
asked
for
an
arrangement
where
we
would
actually
subdivide
and
quit
claim
the
building
to
them.
So
they
could
use
the
building
as
collateral
to
make
some
improvements,
and
you
all
had
a
host
of
questions
that
I
was
unable
to
answer.
So.
We've
asked
mark
murphy
and
edward
roll,
who
are
both
members
of
the
board.
J
So
what
you
see
on
the
screen
and
we'll
come
back
to
this
in
in
a
couple
minutes,
but
this
is
the
vision
for
the
the
upgrade
to
the
existing
building.
That
you
know
is
center
around
this
conversation
and
our
proposal
here,
I'm
joined
by
edward
he's
going
to
talk
in
a
minute,
but
I
want
to
go
quickly
through
a
couple
slides
here,
but
really
leave
time
for
the
committee
to
ask
us
questions
and
you
know
hoping
we
can
address
everything
that
came
up
last
time
in
today's
session.
J
Through
this
project,
you'll
see
some
of
the
numbers
quoted
a
really
significant
traffic
in
the
museum
and
through
our
outreach
and
it's
more
than
just
play,
and
I
think
it's
important
to
note.
You
know
this
is
an
educational
facility.
At
the
end
of
the
day,
this
is
a
center
of
early
childhood
education,
and
you
know
we
believe-
and
we
can
cite
that-
we're
a
true
partner
not
only
with
parents
of
the
community,
but
also
the
school
systems
in
our
greater
community,
and
we
extend
far
beyond
the
walls
of
our
of
our
facility.
J
So
this
is
the
result
of
snapshot
of
a
economic
impact
study.
I
believe
it
was
previously
provided
to
council
and
to
the
mayor's
office
just
citing
the
economic
impact
this
facility
has,
you
know
not,
unlike
other
museums
and
attractions,
downtown
people.
This
is
a
day
trip
for
most
families,
so
they
come
in
they
park.
They
go
to
the
museum,
they
have
lunch,
they
have,
you
know,
spend
other
he's
in
the
community.
J
So
I'm
gonna
I'm
gonna
hand
this
off
quickly.
To
my
colleague
edward.
You
know
we
can't
do
this
without
growing
facility
and
the
project.
The
proposal
here
is
all
about
helping
us
get
this
significant
building
project
done
that,
then,
you
know,
allows
us
to
be
a
more
attractive
institution
for
the
city
allows
us
to
serve
more
people,
and
I
think,
allows
us
to
be
a
better
partner
in
that
particular
area
of
the
city.
J
K
Yeah
thanks
thanks
mark,
you
know
if
we
were
able
to
take
ownership
of
the
building.
A
critical
piece
of
this
is
we'll
be
in
a
position
to
secure
traditional
financing
that
can
be
used
along
with
funds
that
we've
already
raised
to
put
shovel
and
ground,
allowing
us
to
move
our
entrance
to
ann
street
and
expand
our
square
footage
significantly.
K
That
will
provide
outside
space
for
additional
exhibits
serving
even
more
children
than
we
have
today.
The
building
project
has
bar
approval.
We've
engaged
with
banks
in
anticipation
of
this
discussion,
and
we
have
a
great
partner
in
hood
construction,
we'll
be
in
a
position
to
get
started
fairly
quickly.
K
F
Hey
thank
you.
I
can
see
everybody
listen.
I
don't
think
you
have
a
larger
fan
group
that
is
on
this
call,
I'm
a
granddad
who's
crawled
through
some
of
those
small
tunnels
with
my
grandkids.
They
have
to
get
the
soaking
tub
afterwards,
but
anyways
fun
place
to
go.
I
really
believe
in
it,
but
your
question
is
one
of
financing.
Okay,
what
is
the
amount
of
monies
that
you
need
to
raise.
K
Yeah,
that's
a
good
question
and
you
know,
unfortunately,
every
minute
we're
on
the
call
that
number
probably
goes
up
because
of
how
expensive
it
is
to
do
things,
but
we're
we're
estimating
working
with
hood
construction
that
to
get
our
external.
You
know,
play
pavilion
area
and
entrance
moved
the
numbers
about
four
million
dollars,
and
we
think
that
we
can
conservatively
get
that
by
the
money
we
have
on
hand
the
money
we
generate
and
then
through
just
traditional
financing
with
the
bank.
F
F
The
city
leases
the
gear
yard
to
the
gear
yard
management
corporation,
but
the
city
owns
the
gillyard
center.
The
city
leases
the
international
african-american
museum
to
the
international
american
museum
nonprofit,
but
the
city
owned,
the
international
african-american
museum
building
the
city's
got
a
lease
agreement
with
the
cvb,
but
the
city
owns
that
bill.
F
There's
got
to
be
a
way
to
get
four
million
dollars
financed
with
a
lease,
and
the
city
still
maintain
ownership
of
that
property.
Today
it
seems
like
oh
yeah,
let's
just
give
it
to
him
and
revert
to
clause
is
right
now,
isn't
the
best
subject
with
the
city
of
charleston
right
now
those
things
can
be
contended.
F
Don't
want
to
branch
off
into
that.
What
we
really
want
to
do.
How
can
we
help
you
I'll
get
this
four
million
or
five
million
whatever
the
number
is,
so
the
children's
museum
can
thrive,
continue
to
thrive
and
the
city
still
on
the
property.
So
I
don't
know
whether
you
are
new
about
the.
As
a
matter
of
fact,
the
city
owns
the
marina
and
leases,
the
marina
to
a
private
entity.
F
The
city
owns
the
market
and
leases
that
out
to
private
people,
to
run
it
so
there's
a
lease
arrangement
that
can
allow
you
on
and
if,
if
the
bank
that
you
all
are
going
to
is
saying,
oh
no
we're
only
going
to
land
you
four
or
five
million.
If
you
own
the
building,
and
if
you
have
a
long-term
lease
we
won't,
then
we
need
to
go
to
another
financial
institution
to
help
you
get
the
money.
F
So
I
don't
really
think
ownership
is
the
real
hurdle
here.
It
may
be
the
financial
institution
that
you're
going
to
seeking
the
funding
that
you're
you're
seeking
you
know,
50
years
from
now
the
next
city
council
may
say
why
on
earth,
because
if
you
are
successful,
I
hope
you
outgrow
the
location
right
and
and
need
to
go
someplace
else,
and
hopefully
the
city
will
be
an
aide
to
you
at
that
time.
Should
that
happen,
so
I
don't
think
it's
wise
to
quit.
Cl
quick
claim
the
deed
for
ownership.
F
F
And
I
don't
know
any
financing
arrangement
through
a
bank
in
terms
of
a
loan,
that's
going
to
be
longer
than
47
years
or
you
know,
most
commercial
loans
are
somewhere
in
the
vicinity
of
15
20
at
most
30
years,
so
you
all
will
have
control
of
the
building,
but
whatever
financial
institution,
that's
telling
you,
we
won't
do
it.
Unless
you
own
the
property
seriously,
you
need
to
go
someplace
else.
There
are
the
banks
that'll
do
that.
H
I
want
to
tell
you
how
much
I
appreciate
the
work
that
the
children's
museum
does
I'll
just
do
great
work
for
the
community,
and
so
our
questions
are
not
at
all
about
what
y'all
have
provided
or
what
the
museum
has
not
provided
to
our
community.
It
speaks
for
itself,
but
I
had
two
questions
and
one
along
the
lines
which
councilman
warren
had
brought
up.
J
K
K
H
You
pointed
out
that
the
large
number
from
wes
ashley
and
james
island
and
downtown
I'd
like
to
see
how
that
that
shakes
and
that
that
was
one
of
my
first
questions
when
this
was
first
brought
up
at
our
last
session
and
then
my
second
question
is
along
the
lines
of
what
councilman
waring
has
pointed
out.
Have
you
gone
to
these
financial
institutions?
Have
they
told
you
specifically
that
you
know
we
can
get?
K
We
have
had
specific
conversations
with
number
of
banks,
and
it
becomes
down
to
you
know
having
enough
collateral
to
borrow
against
and
a
long-term
lease
doesn't
provide
any
collateral.
So
you've
got
to
have
that
type
of
mechanism
that
type
of
asset
in
place
in
order
to
get
the
funding,
that's
needed
to
actually
do
the
project.
Yes,
sir,.
C
I
H
F
Let
me
tell
you
why,
because
loans
are
repaid
out
of
cash
flow,
this
lease
has
no
expense,
so
you
are
not
paying
the
city,
the
museum
isn't
paying
the
city
out
of
its
cash
flow
rent,
so
your
cash
flow
is
improved,
whether
you
own
it
or
not,
you
say:
well,
if
you
own
it,
you
don't
have
to
pay
the
city
rent,
so
you
have
more
money
to
repay
the
loan
to
the
bank.
That's
not
the
fact!
F
So
if
the
banker
is
telling
you
that
the
only
way
you
can
own
this
building,
I
mean
the
only
way
you
can
get
a
loan
is,
if
you
own,
the
building
the
primary
repayment
of
a
loan.
Is
your
demonstration
of
cash
flow
cash
coming
in
paying
your
expenses
and
have
a
coverage
ratio
to
repay
the
bank
of
basically
1.2
percent
or
more
of
your
of
your
cash
flow?
F
So
again,
I'd
like
to
know
the
banks
that
you,
you
don't
have
to
tell
me
that
now,
but
maybe
we
can
carry
to
another
bank
or
recommend
another
bank
and
one
of
the
things
that
council
member
shayed,
as
I
said,
it'd,
be
interesting
to
see
how
many
kids-
and
this
is
not
to
bring
anything
negative
to
to
the
museum
hey
if
tourists
are
coming
there.
Maybe
there's
some
some
way
to
get
tourism
dollars
to
help
help
you
with
your
cash
flow.
F
So
if
and
I'll
give
an
example,
you
remember
councilman
shead
on
the
on
the
municipal
golf
course
until
we
started
tracking
how
many
people
are
from
charleston
city
of
charleston
outside
charleston
and
then
tourists
before
we
knew
those
numbers.
The
municipal
golf
course
was
not
eligible
for
tourism
dollars,
but
they
put
a
system
in
over
there
where
they
began
to
track
and
and
we
were
able
to
give
them
a
few
bucks.
I
think
it
may
be
something
similar
and
I
think
the
point
that
councilman
shade
is
asking
for.
F
If
you
all
can
come
up
with
the
demographics
on
there,
there
may
be
another
way
to
approach
this.
There's
a
way
to
get
your
money
without
you
all
taking
ownership
of
that
bill.
I
think
that's
the
the
common
ground
to
do
that.
So,
if
you
got
a
number
of
bankers
on
your
board,
go
back
and
push
back
on
the
cash
flow
question,
because
that's
how
you're
going
to
repay
the
loan
out
of
the
revenues
that
you've
in
and
obviously
you
have
expenses
and
operational
costs
and
whatever
that
net
is
you're.
Gonna
pay.
F
F
In
other
words,
your
repayment,
you
pay
no
lease,
but
then
they're
gonna
deny
the
loan,
because
you
don't
own
the
building
that
that
net
you
control
the
building
for
almost
right
now
for
47,
almost
half
a
century,
and
I
promise
you
that
loan
isn't
going
to
be
termed
out
over
half
a
century.
You're
gonna
have
to
pay
them
back
a
lot
sooner
than
that
the
cash
flow
is
king,
the
cash
flow
of
the
museum,
simply
money
coming
in,
and
money's
going
out
and
the
ability
to
repay.
F
K
We
can
we
can
service
the
the
loan
from
a
cash
flow
standpoint.
We
just
can't
get
the
loan
to
start
with,
because
we
don't
have
a
long-term
lease
is
not
an
asset
on
a
balance
sheet
which
goes
into
whether
the
bank
wants
to
do
business
with
you
in
the
first
place.
So
that's
why
there's
a
difference
between
a
long-term
lease
versus
a
deed
in
hand,
because
then
it
shows
up
as
an
asset
on
the
balance
sheet
within
allows
us
to
qualify
for
the
loan.
In
the
first
instance,.
K
F
Maybe
outside
this
call
you
can
let
us
know
what
banks
are
in
there.
Mr
miller,
I
don't
mind
calling
a
few
banks
to
see
whether
they'll
be
interested
in
in
this
loan.
If
you
can
break
down
the
numbers
of
of
of
how
much
we
how
many
tourists
are
coming
in,
I
don't
know
whether
99
residents
and
one
percent
tourist,
whatever
those
numbers
are,
I
think
you
know
could
be
helpful
because
the
truthful
part
about
it,
the
numbers
that
you
already
talking
about
aren't
in
somalia,
four
million
dollars-
that's
not
insurmountable.
C
The
children's
museum
is
a
wonderful
institution
as
someone
who
just
found
themselves
in
the
possession
of
a
child,
I
look
forward
to
taking
her
to
the
museum
at
some
point
down
the
road,
but
you
know
god
forbid,
who
knows
what
happens
in
the
future?
If
one
thing
led
to
another
and
there
was
a
default,
I
mean
the
bank's
going
to
want
to
take
that
property.
C
I
am
not
going
to
hold
myself
out
as
a
commercial
lending
expert,
but
but
I'd
certainly
think
there
is
precedent
for
banks
taking
a
mortgage
interest
in
a
leasehold
interest.
I
mean
you
know
we
learn
in
law
school
that
you
know
a
leasehold
interest
is
a
is
a
you
know:
it's
not
full
property
ownership,
but
you've
got
a
bundle
of
sticks
there
that
give
you
some
ownership,
and
I
don't
see
any
reason
why
a
bank
couldn't
foreclose
on
a
leasehold
interest
and
essentially
take
over
the
lease.
C
C
I
don't
think
it's
an
asset
like
simple
ownership
is,
but
it
would
seem
to
me
that
a
financial
institution
could
structure
something
that
would
enable
you
all
to
receive
the
loan
that
you
need,
while
taking
a
leasehold
interest,
which
you
know
has
been
talked
about
today
on
the
call
preserves
the
city's
ownership
of
this.
Very
you
know
valuable
piece
of
property.
C
You
know
generations
into
the
future
and
also
you
know
a
negative
scenario:
a
default
down
the
road
where
the
bank
gets
actual
ownership
of
the
property,
and
then
who
knows
what
happens
to
it,
but
just
some
initial
thoughts.
There
does
anybody
else
on
on
the
committee?
Have
any
thoughts
or
comments
mayor?
Did
I
see
your
hand
go
up
at
one
point,
I
see.
D
No
think
councilmember
appel
answered
the
question.
I
guess
my
question
would
be
to
to
miss
copeland.
What
would
be
the
difference?
I
mean
if
we're
we're
talking
about
worst
case
scenario
here,
so
hopefully
we
can
all
acknowledge
that
that
that,
in
the
event
that
the
children's
museum
defaults
on
the
loan,
this
is
that's.
This
is
why
we're
having
these
discussions
that
that
the
bank
would
then
foreclose
on
the
property,
does
a
reverter
clause.
G
D
All
right,
okay,
and
then
I
guess
my
second
comment
for
for
our
committee
here
is:
I
I'd
much
prefer
this
quick
claim
be
than
obligating
the
city
to
go.
Raise
funds
for
the
children's
museum.
It's
not
something
that,
in
my
opinion,
we
we
should
be
doing
as
a
city.
We
can
certainly
help,
but
I
don't.
D
I
would
much
prefer
go
this
route
with
the
quit
claim,
rather
than
obligating
us
to
to
go,
raise
funds
or
give
funds
to
the
children's
museum,
and
I
say
that
having
been
a
member
family
of
the
children's
museum
for
a
number
of
years,
my
kids
are
much
older
than
ross's,
and
so
we've
graduated
out
of
that.
But
we
spent
a
lot
of
time
down
there.
So
thank
you
for
the
service
you've
provided
to
our
community.
We've
enjoyed
it
very.
C
A
A
No!
That's
good
right!
Well!
Thank
you,
mr
chairman,
and
member
of
the
committee.
I'll,
be
brief.
It
seems
to
me
just
from
the
business
side
of
this.
We
have
both
mr
murphy
and
mr
all,
who
sit
on
that
board,
have
come
to
us
with
a
proposition
that
will
enable
them
to
improve
an
asset.
That's
not
just
a
real
estate
asset
of
the
city,
but
it's
truly
an
asset
of
the
city
that
attracts
people
from
now.
We
know
not
to
zip
codes
close
by,
but
probably
zip
codes
from
all
over
the
place.
A
We
ought
to
have
a
seat
on
the
board
and
if
the
city
has
a
seat
on
the
board
of
an
asset
that
we've
got
and
can
report
back
to
us,
as
mr
rawl
and
mr
murphy
have
done
today
about
their
efforts
to
secure
financing
to
have
four
million
dollars
was
a
value,
and
our
representative
of
the
board
agrees
that
the
best
course
of
action,
or
the
only
course
of
action
if
it's
been
represented.
I
have
no
reason
to
believe
it's
not
true
is
to
do
it
in
a
manner
in
which
they
suggest.
A
C
B
B
Thank
you,
mr
chairman,
and,
and
I
I
just
wanted
to
add
a
little
perspective.
I
I
guess
at
the
end
of
the
day,
aligns
with
the
the
comment
of
council
member
greg
about
about
this
matter,
not
that
I'm
certainly
wide
open
for
the
museum
to
take
another
look
at
how
they
can
get
the
financing
for
the
improvements
that
they
want.
That
they've,
been
the
the
children's
museum
has
been
wanting
to
make
these
improvements
for
for
some
time
now
and
but
to
add
some
context,
it's
a
total
coincidence.
B
They
want
to
improve
it,
spend
some
substantial
money
on
it
and
you
know
they're,
taking
on
that
liability
to
either
raise
the
funds
and
or
pay
him
back
in
terms
of
the
loan,
so
so
different
situation
with
the
african-american
museum.
Is
the
city
helped
raise
the
money
and
build
the
building
and
do
all
the
do
most
of
the
improvements,
but
we're
not
looking
for
anybody
to
pay
us
back.
It
was
all
part
of
a
package
deal
to
to
to
that
museum
and
and
we're
not
in
that
same
scenario
here.
B
So
I
was
interested
in
your
statistics
on
the
the
attendance
and
you
know
my
mind
goes
straight
to
hospitality
funding.
But
but
in
fact,
despite
not
knowing
whether
they're
from
charleston
or
mount
pleasant,
I
I
think
I
remember
you
were
in
the
80.
All
89
of
of
attendees
were
from
the
metro
region,
so
so
this
is
not
a
situation
where
we're
putting
heads
in
beds
and-
and
that
would
limit
us,
I'm
sure
in
amy's
opinion
as
to
how
much
hospitality
funding
we
would
be
able
to
provide
them.
B
So
the
the
only
caveat,
I
would
add
the
the
point
raised
by
council
member
pell-
is
a
very
legitimate
one
that
you
could
put
so
much
debt
on
the
property
that,
if
something
unforeseen
happen,
and
that
they
were
to
get
repossess
that
the
city
would
have
to
pay
off
that
mortgage
in
order
to
get
our
property
back
right.
It's
similar
situation
by
the
way
council
members
to
to
a
limit
that
we
have
on
the
school
of
the
building
arts
that
general
broadwater
would
like
to
remove.
B
So
they
can
borrow
any
amount
on
the
property
up
there,
and
we've
got
a
provision
that
limits
them
to
a
certain
percentage
of
an
appraised
value
or
either
a
certain
dollar
limit.
So
they
can't
just
pile
on
a
lot
of
debt
and
then
you
know
the
outside
event.
That
could
become
a
liability
to
the
city
if
we
wanted
to
keep
the
property,
so
I
I
do
think
that's
an
issue
worth
exploring,
but
the
general
concept
and
that's
why
we
brought
it
to
the
council
for
your
consideration
a
few
weeks
ago.
B
After
thinking
about
all
this,
I
don't
think
it's
an
unreasonable
one.
I
mean
I,
I
get
it
colleagues
that,
generally
speaking,
we
like
to
maintain
ownership
of
property,
but
in
this
case,
where
they're
taking
on
this
liability
to
for
these
improvements
and
we're
protected,
that
the
property
remains
in
the
use
as
a
children's
museum
or
comes
back
to
us.
I
I
personally,
I
think
it's
a
reasonable
way
to
go
in
today's
economy.
C
H
Thank
you,
mr
chairman,
so
I
I
don't
want
mr
murphy
or
mr
rob
on
walk
away
or
anybody
else
who's
on
this
call
walking
away
thinking
that
we're
not
here
to
support
the
children's
museum.
Our
actions
here
are:
we
are
supportive
of
the
museum.
We
understand
the
impact
that
it
has
not
just
financially
on
our
community,
but
on
young
people's
minds
and
talents
and
their
overall
development.
It
is
a
integral
part
of
our
community
and
you
all
have
done
wonders
over
the
years
contributing
to
the
overall
well-being
of
our
community.
H
You
know,
unfortunately,
the
word
reverter
in
a
deed
has
since
shock
waves
through
our
spine.
You
just
saw
if
you
were
on
the
call
earlier
that
we
had
to
address
something
that
happened
back
in
1921
on
a
reverter,
because,
for
whatever
reason,
the
the
the
use
was
not
done
and
in
the
intent
that
it
was
supposed
to
be
done
and
we're
gonna
live
a
lawsuit
with
the
charleston
school
of
law.
Right
now
on
a
specific
issue
with
the
reverter
claw.
H
H
I
like
what
councilman
was
seeking
and
suggested
about
a
member
of
city
council
being
on
on
y'all's
board,
and
I
would
nominate
councilmember,
appel
and
councilmember
valadi
because
they
got
young
kids,
so
they
would
be
the
perfect
people
to
put
on
on
that,
but
I
really
do
want,
and
I
and
I
hate
to
be
such
a
circular
for
this.
I
really
do
want
those
numbers.
That
was
my
specific
question
when
I,
when
we
deferred
this
the
first
time,
I
wanted
to
know
what
those
numbers
are
as
to
who
we're
serving.
H
So
I'm
gonna
ask
that
we
defer
this
one
more
time
and
please
I'm
not
trying
to
do
anything
to
hurt
the
museum
I'm
here
to
help,
but
I
really
want
to
know
specifics
as
to
who
we're
serving
with
this
museum.
I
said
just
important
to
me
to
have
that
breakdown
that
we
can
get
that
and
you
seem
to
have
it.
Apparently
I
like
what
you
showed
us
on
the
other
slides,
but,
mr
chairman,
I'm
gonna
make
a
motion
to
defer
until
we
get
that
specific
information
in
hand.
F
Do
in
the
discussion
of
motion?
Listen,
gentlemen.
There's
a
way
to
get
this
done,
and
I
think
and
mr
mayor
I
hear
you
on
the
piece
where
it
was.
It
was
a
haunted
house
I'm
born
and
raised
here.
So
I
remember
those
days
as
well,
but
even
then
the
vision
for
the
city
was
for
a
much
better
city
and
we're
part
of
your
help
and
mayor
raleigh
and
a
whole
host
of
thousands
of
other
people.
F
F
Whatever
the
bank
lands
on,
this
building
is
going
to
be
far
less
than
whatever
that
building
is
worth
and
if,
if
councilman
shayed
is
right
about
the
reverter
clause,
but
if
even
if
we
had
a
reverted
claw
and
they
defaulted
on
the
mortgage,
we're
going
to
step
in
and
basically
make
good
of
the
mortgage
because
we
don't
want
to
lose
the
building
for
pennies
on
the
dollar,
so
that
route
gives
the
city
responsibility
indirectly,
whether
we
wanted
to
okay.
So
there
are
a
number
of
reasons.
The
reverted
piece
hadn't
worked.
F
There
are
a
number
of
things
out
here:
options
out
here
financially,
I
just
think
it
hasn't
been
been
explored.
Yet,
unfortunately,
in
between
the
last
meeting
in
this
meeting,
I
don't
think
those
other
avenues
were
explored.
The
gibbs
art
museum,
which
councilman
seekings
is
probably
knows
more
about
than
certainly
in
here
more
than
I
don't.
I
know
that
mr
mill,
I
think
that's
a
50
50
partnership
between
the
city
and
and
and
now
I've
been
the
board
over
there.
F
F
You
know,
maybe
somebody
should
be
on
your
board,
but
I
know
what
somebody
needs
to
take
a
look
at
your
cash
flow
from
the
city
side
and
then,
let's
see
what
other
options
can
be
done
to
help
you
all
in
short
order,
see
how
this
four
million
dollars
could
be
raised.
Okay-
and
I
understand
that
the
number
could
go
up
anytime,
you're
working
on
an
old
building,
you
open
up
a
wall
and
you
get
change
orders
that
sometimes
make
your
eyes
go
sideways.
So
I
understand,
but
mr
mill,
I
know
you're
right.
F
It
may
not
be
a
whole
lot
of
tourists
coming
there,
but
heck
if
it's
10,
you
know
that's
a
help,
so
I
don't
think
these
gentlemen
even
know
about
that
part.
So
how
do
we
get
a
chance
doing
this
deferral
to
see
all
the
financial
options
that
are
out
there?
How
we
can
be
of
benefit
to
this
board
trying
to
go
about
getting
the
money
down?
F
F
C
All
right,
mr
warren,
mr
wearing
smoke,
I'm
sorry
councilman
shade's
motion
defers
on
the
floor.
All
in
favor,
please
signify
by
saying
aye
aye
all
opposed
hearing
none
the
motion
is,
the
matter
is
deferred.
I'm
sorry,
I
don't
know
what's
wrong
with
me
today,
anyways.
I
think
that
brings
us
to
a
close
of
our
real
estate
agenda.
The
the
final
item
has
been
deferred
to
tomorrow's
committee
on
ways
and
means,
and
I
believe,
we're
running
a
little
bit
over
and
it's
time
for
some
public
works
and
utilities.