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Description
City of Charleston Ways & Means Meeting - November 13,2018
A
A
Amen
amen.
Thank
you
item
two.
The
minutes
have
been
both
deferred
until
the
next
meeting.
So
we'll
move
on
to
item
number
three
bids
and
purchases
is
their
motion.
Thank
you.
Any
discussion,
all
those
in
favor
signify
by
saying
aye
aye
those
opposed
now
as
have
it
item.
4
Sparks
and
capital
projects,
approval
city
markets,
yet
overhead
gas
line
construction
moving.
Second,
any
discussion.
A
All
those
in
favor
signify
by
saying
aye
those
opposed
yeah
as
habit
item
5,
is
public
service
approval
of
Westwood
drainage,
improvement,
construction
contract
Google.
Second,
discussion,
all
those
in
favor
signify
by
saying
aye.
Those
opposed
no
has
happened.
Item
6,
public
service,
approval
of
emergency
repair,
pipe
repair
with
B
and
C
land
development
for
Rutledge
Avenue.
A
C
A
C
C
C
A
A
D
Moody,
mr.
chairman
I
just
was
curious
about
this.
This
money,
that's
being
spent
here,
I
mean
we
we're
going
to
do
a
project
to
redo
this
seawall.
So
is
this
some
kind
of
duplicate,
or
is
this
going
to
be
able
to
be
utilized?
Is
this
$400,000
when
we
get
through
with
it?
Are
we
going
to
have
some
benefit
or
the
seawall
and
number
two?
Is
this
available
to
be
reimbursed
by
FEMA?
It
says
as
a
result
of
the
storm
Michael,
so
I'm
just
curious
on
both
of
those
questions.
E
F
This
damage
was
caused
by
Michael.
It
basically
broke
up
the
curb
wall
and
some
of
the
posts
along
the
battery.
They
have
to
be
replaced
because
of
safety
reasons.
The
part
the
first
part
phase,
one
of
the
battery
reconstruction
goes
from
TRADD
to
Ashley
and
there's
about
$16,000
up
to
$350,000.
In
that
part,
the
rest
is
future.
Work
they'll
be
done,
eighteen
months
to
five
years
from
now.
So
we
think
this
work
needs
to
be
done
for
safety
reasons
and
and
to
secure
the
battery.
But
it's.
D
F
A
A
A
A
G
G
As
a
result,
the
term
was
extended
from
2029
to
2039,
with
the
agreement
of
the
county
and
the
school
district
and
the
city,
the
previous
borrowings,
ten
million
was
in
O
seven
just
in
time
for
the
downturn,
it
was
followed
by
another
five
million
dollars
a
couple
years
later,
the
proceeds
of
those
bonds
were
used
for
environmental
remediation
and
some
of
the
hard
cost
which
you
see
from
the
interstate
or
from
that
side
of
town.
When
you
see
what's
going
on
in
an
area,
that's
generally
called
Magnolia.
G
G
They
made
a
corporate
decision
at
a
board
meeting
up
in
New
York
a
couple
years
ago,
just
to
exit
real
estate
development,
so
that
wasn't
a
reflection
on
this
project
per
se.
It
was
a
corporate
decision
for
them
to
exit
a
lot
of
people
in
town,
knew
Ken
Seeger,
who
was
the
local
representative,
who
did
a
wonderful
job,
taking
Magnolia
to
the
next
level,
now
I
think
it's
a
very
positive
development
that
Highland
resources
out
of
Texas
has
decided
to
get
involved.
G
We
have
representing
Highland
here
tonight,
Weldon
Johnson,
Stewart,
Coleman
and
James
Wilson
who's
with
Womble
Carlisle
their
council,
and
they
are
all
here
tonight
in
case
you
have
any
questions
specific
to
them,
but
by
way
of
background
from
the
city's
point
of
view
what's
exciting
about
this,
is
they
have
under
the
public
infrastructure
agreement
which
the
city
has
entered
into
going
back
to
developers?
That's
now
been
updated.
G
They
have
now
come
in
and
are
ready
to
sign
contracts
for
about
thirty
million
dollars
to
continue
the
infrastructure
repairs
necessary
in
this
200
acre
parcel
to
get
things
going,
so
the
18
million.
That's
being
authorized
tonight
will
pay
for
the
public
infrastructure
cost
within
that
30
million
dollars.
The
good
news
is,
there
is
a
privately
held
company
with
a
longer
time
horizon
than
the
last
two
that
the
city
has
made
some
progress
with,
but
hasn't
gotten
to
the
finish
line.
G
Who's
now
picked
up
the
ball
and
done
a
lot
to
get
the
project
back
on
track
and
we're.
We
have
those
extra
10
years
to
work
with
having
lost
10
years
due
to
what
was
happening
in
the
national
economy.
So
I
think
it's
a
very
positive
sign
the
bank
that
we
went
to
and
we
asked
if
we
could
borrow
eighteen
million
dollars.
G
They
said
yes,
the
18
million
dollars,
plus
the
remaining
eight
million
dollars
that
remains
outstanding
from
the
first
15
million
the
ten
and
the
five
Kraig's
debt
service
every
year.
The
TIF
revenues
that
are
currently
being
received
by
the
city
exceed
that
debt
service.
So
the
city
is
not
borrowing
any
more
than
the
TIF
revenues
currently
received,
we'll
pay
by
way
of
annual
debt
service.
So
mr.
G
A
G
It's
short:
it's
it's
risk,
arson,
2033,
okay,
this
is
a
15-year
borrowing
2018
to
2033.
It's
anticipated
they'll,
be
future
bond
issues,
okay
as
well,
and
again
the
benefit
of
what
this
development
does
by
way
of
Tiff's.
You
all
have
heard
a
lot
about
Tiff's
when
we
met
at
Bishop
gas,
and
you
heard
about
the
West
Ashley
tiff.
B
B
So
we're
just
simply
codifying
that
provision,
it's
something
that
was
in
the
and
the
rule
back
in
1988,
for
some
reason
it
just
kind
of
disappeared.
What
we
want
to
do
is
just
make
sure
that
it
is
codify,
so
we
can
continue
the
practice
just
in
case
there's
a
question
and
we
unanimously
supported
it.
A
D
You,
mr.
chairman,
we
took
up
these
items.
I'll
go
through
one
at
a
time
item
a
we
approved
that
item
to
to
sublease
that
600
square
feet
of
pure
theater
item
B.
We
approved
the
extension
of
one
year
for
the
old
Exchange
Building
Commission
item
C
was
deferred.
We
didn't
have
information
on
that.
One
item:
D
is
the
approval
of
this
development
agreement.
This
is
the
the
property
that's
given
to
us
on
John's
Island
for
the
northern
pitchfork.
So
we
approve
that
development
agreement
that
included
that
transfer
property.
D
There
are
three
annexations
we
approved
all
those
and
item
F
is
we
get?
We
had
an
update
on
the
archer
school.
If
you
remember
that
was
the
one
we
were
trying
to
figure
if
we
could
put
some
portable
housing
units
on
that
we've
kind
of
after
due
diligence
and
being
turned
down
by
the
bar
to
just
being
able
to
destroy
some
of
that
property.
We
I,
don't
guess
we
instructed
the
mayor
but
told
the
mayor.
It
was
okay
if
he
told
the
school
district
that
we
were
not
going
to
proceed
with
that.
D
So
hopefully,
a
private
developer
will
come
in
and
maybe
take
that
property
and
get
all
the
credits
and
what
we're
understanding
is
it's
somewhere
north
of
three
hundred
thousand
dollars
a
unit
for
us
to
do
this,
and
maybe,
with
some
develop
a
historic
credits
and
stuff
like
that,
we
can
get
it
in
half
it'll,
make
more
sense
for
a
private
developers,
so
we're
we're
withdrawing
from
that
that
project
so
make
that
as
a
motion
to
approve
that
bill.
The
state
report.