►
From YouTube: April 22, 2021 Ithaca Urban Renewal Agency BD Meeting
Description
No description was provided for this meeting.
If this is YOUR meeting, an easy way to fix this is to add a description to your video, wherever mtngs.io found it (probably YouTube).
A
We
can
go
now
with
the
audit
committee.
Any
changes
to
the
agenda
wait.
No,
I
don't
have
the
audit
up
hold
on.
I
have
the
other.
I
have
a
regular
meeting.
B
A
You
feel
sometimes
like
I
wish
we
still
had
this
building,
but
I
digress.
It
was
actually
urban
renewal
causes
spelling.
So
the
irony
that's
right
membership,
so
we
first
order
of
business.
A
B
We
actually
have
the
chair
is
continues
as
a
chair
until
there's
an
election.
So
actually
eric,
probably
technically,
is
the
chair
and
can
run
this
meeting.
A
That's
right,
so
it
matters
little
how
confused
I
am
because
eric
can
take
it
from
here.
E
Sure
no
problem
yeah
so
and
it's
not
surprising,
since
we
only
meet
once
a
year
that
there'll
be
in
some
confusion
for
any
one
of
us.
So
without
further
ado,
we
could,
as
as
the
mayor
pointed
out,
each
member
of
the
iura
board
has
appointed
the
audit
committee.
Last
year
I
was
elected
chair
carl
was
elected.
Vice
chair
the
responsibilities
as
the
first
order
of
business
to
do
are
charged.
E
You
see
them
outlined
here
for
the
just
for
just
because
I
think
it's,
you
know
an
important
thing
for
the
public
to
hear,
and
in
case
anyone
who
is
watching
or
will
watch
later,
can't
necessarily
see
the
agenda.
I
just
wanted
to
read
them
out
loud.
E
See
none
any
members
of
the
public
or
any
public
comments
received
related
to
the
audit
committee
unreceived.
Okay,
great
then
this
is
the
other
funky
part
of
what
we
do,
which
is
that
we
get
to.
We
got
to
review
our
draft
meeting
minutes
from
last
year.
Last
year
we
we
met
a
little.
You
know
it's
a
little,
maybe
it's
a
little
better
this
year,
because
we
actually
met
in
july
last
year.
E
So
it's
not
exactly
a
full
year,
but
I
will
ask
if
anyone
is
willing
to
move
the
draft
minutes
for
our
july
25th
2019
meeting
minutes
of
the
audit
committee
I'll
move.
Thank
you,
mr
mayor.
Sarah
second.
F
E
Second,
thanks
carl
right:
any
any
changes
or
any
corrections
or
additions
comments.
D
E
Great
all
those
in
favor
of
passing
the
minutes,
then,
as
they
are
all
right,
bye,
okay,
those
pass
unanimously-
and
you
know
nells-
maybe
maybe
we
can
be
revolutionary
this
year
and
and
and
have
the
audit
committee
meet
twice
to
review
the
min
the
minutes
of
this
meeting
at
our
next
iura
meeting.
I
don't
know
if
I
don't
see
anything
that
wouldn't
allow
us
to
do
that.
Just
so
so
much
time
doesn't
pass
sure.
E
E
I'll
leave
that
to
whoever
the
new
chair
might
be,
if
we'll
see
how
that
goes.
So,
then,
moving
from
the
minutes
we'll
go
down
to
new
business
and
we
start
with
a
second.
Let
me
just
regain
my
bearings
here.
E
Right,
so
would
if
there
are
no
questions
about
about
that
in
general,
at
least
for
discussion
purposes.
Would
there
be
anyone
who
would
move
that
resolution
that
we
see?
I
would
thank
you,
mr
mayor.
Is
there
a
second.
D
D
C
A
I'm
also
happy
yeah,
I'm
also
happy
to
move
it
right
to
fill
in
the
names.
So
I'm
happy
to
move
it
officially
nominating
eric
as
committee
chairperson
and
carl,
as
vice
chairperson,
so
I'll
move.
It.
A
We
might
be
the
happiest
people
here,
tracy
knacks.
A
Hope
so
too,
and
and
are
aware
of
how
much
tracy-
and
I
appreciate
your
services
chair.
E
Great
then
we're
in
the
so
any
other.
I
guess
further
discussion
of
that
of
the.
E
F
E
Back
and
forth
yeah,
so
yes
great!
So
then
all
those
in
favor
aye,
aye
aye
super.
Thank
you.
Then
we
move
to
our
next
item
of
business
should
be
the
financial
report
approving
the
audited
financial
report.
This
is
the
really
the
main
action
for
us,
and
would
there
be
anyone
who
would
move
this
for
discussion
purposes?
E
E
Thank
you
tracy,
so
we
do
this
once
a
year.
We
are
actually
compelled,
and
it's
a
good
compelling
by
the
public
authorities.
Accountability,
act
to
audit
our
finances
and
our
internal
controls,
and
that
has
to
be
done
within
90
days
of
the
end
of
the
fiscal
year
which
ends
on
december
31st.
E
The
audit
was
completed
march
27th,
I
believe
2021,
which
should
be
reflected
here
yeah
in
the
resolution
and
that
audited
that
audited
financial
report
was
reviewed
by
the
governance
committee
at
our
april
meeting
last
friday,
and
so
we
have
that
before
us,
and
this
resolution
would
be
that
the
this
committee
approves
of
the
audited
financial
report
and
I'm
happy
to
report.
E
It's
one
of
those
reports
that
you
know
we
were
all
really
happy
to
read
as
far
as
these
things
go,
since
there
were
no
findings,
no
recommendations,
pretty
much
very
much
a
clean
report
with
a
you
know,
with
an
observation
that
the
the
agency
remains
overly
reliant
on
on
grant
monies,
but
other
than
that.
E
In
terms
of
the
way
we
conduct
our
business
and
and
and
manage
it
pretty
much
as
as
positive
a
report
as
you
could
hope
for
so
nels,
is
there
any
other
color
you'd
like
to
add
to
that
or
any
other
background
anything
else
you
that.
My
very
brief
summary
I
didn't
touch
on.
B
Yeah,
I
think
you
covered
the
basics,
and
I
just
wanted
to
note
that
when
you
look
at
the
financial
analysis
piece,
that's
on
page
4a,
it
appears
as
if
you
know,
we've
improved
our
fund
balance
by
500,
000
plus,
but
in
reality
what
that
reflects
largely
is
the
fact
that
the
city
paid
off
the
final
530
000
of
the
neighborhood
housing
initiative
bond
that
was
issued
back
in
2001.
B
So
so
you
know
it
was
an
obligation
of
the
ira,
but
the
city
agreed
to
repay
it
and
they
and
they
paid
it
very.
They
chose
to
pay
it
very
slowly
back
for
cash
flow
purposes,
but
this
last
year
they
they
paid
off
the
full
amount.
So
we
we
reduced
our
liability
by
over
500
000
and
that's
reflected
in
our
fund
balance
looking
stronger
than
it
did
so
in
reality,
we're
very
stable
in
our
finances.
E
G
B
As
an
auditor
in
her
prior
career-
and
she
knows
exactly
what
they're
looking
for-
and
it
really
helps
have
that
material
ready
for
them
and
make
sure
that
that
it's
in
the
order-
and
you
know
in
in
the
kind
of
format
that
they
want
to
see
it
and
documented
with
expenses-
there
is
a
second
component
to
the
audit
that
they
do,
which
is
they
call
it.
The
single
audit,
it's
really
more
of
a
programmatic
audit
and
that's
triggered
by
a
certain
amount
of
financial
federal
funds
flowing
into
the
city
some
years.
B
They
look
at
bridge
projects
for
the
city
most
years
they
look
at
the
ira.
So
last
year
they
looked
at
the
it
was
the
cdbg
program.
It
was
the
home
program,
I'm
trying
to
remember.
We
had
a
clean
bill
of
health
last
time
and
this
year
they're
going
to
look.
I
guess
it
was
cbg.
Last
year
this
year,
it's
home
and
they're,
going
to
look
at
the
home
program
which
we
wrapped
up
into
the
city's
audit.
Since
we
are
a
component
of
this
video,
that's
all
I
have.
E
Any
other
comments
or
questions
from
the
from
the
board
regarding
this,
thank
you,
nells
and
also
by
the
way.
Yes,
this
is.
This
is
a
reflects,
the
fantastic
work
that
kim
has
done,
as
well
as
all
of
staff
on
the
on
the
agency
in
in
leading
that
and
leading
kim's
work.
But
we've
come
a
long
way,
so
so
a
big
shout
out
to
the.
E
Great
I
like
it.
This
way,
you
know
it's
kind
of
quiet.
It
seems
like
the
more
quiet,
the
better
which
which
again
is
a
reflection
of
the
outstanding
work
by
staff
here.
So
all
those
in
favor
of
approving
the
financial,
the
audited
financial
report,
all
right
all
right
great
passes
unanimously.
E
So
now
we
will
move
on
to
our
next
chart,
which
is
reviewing
our
internal
controls
and
you'll,
see
that
here.
Thank
you,
charles
for
sharing
that
and
nails.
You
know
our
duties
are
spread.
The
duties
are
spread
out,
which
is
again
a
hallmark
of
of
good
internal
controls,
and
I
I
guess
there
is
a
caveat
to
what
incero
said
about
our
internal
controls,
that
they
weren't
necessarily
looking
for
what
you
would
in
the
counties.
E
I
guess
describe
as
material
weaknesses
and
internal
controls,
although
in
the
course
of
their
review
they
found
none,
but
they
said
that
doesn't
mean
that
there
aren't
any.
They
were
looking
at
deficiencies
at
another
level
and
carl,
you
may
be
more
familiar
with
those
terms
and
they
they
further
define
that
it's
in
their
in
their
in
their
in
their
statement.
B
Right
right,
I
think
you
characterize
it
correctly.
As
I
understand
it,
it's
you
know,
they're
checking
things
to
make
sure
that
they
match
up
and
they're
reviewing
processes,
but
they're
not
confirming
that
we
followed
every.
You
know
they
don't
go
through
each
transaction
and
say:
did
you
follow
that
separation
of
duties
exactly
the
way
you
said
you
were
going
to
do
it?
They
don't
they're,
not
taking
a
deep
dive
like
they
would.
B
If
somebody
were
to
do
a
specific
internal
control
analysis,
it's
just
part
of
their
general
financial
audit
that
they're
they're
looking
at
and
they
review
and
re.
They
do
review
what
you
have
on.
What's
on
the
screen
right
now,
the
separation
of
duties,
and
they
generally
confirm
that
we
are,
you
know
generally
agreeing
with
that,
but
they
don't
confirm
each
and
every
transaction
is
complying
with
that.
B
With
that
separation
of
duties,
I
think
that's
the
difference
there,
nor
do
they
make
a
finding
a
specific
finding
about
separation
of
duties
other
than
they
feel
confident
that
the
information
that
they're
reporting
is
is
reasonably
accurate,
so
they
did
add
one
additional.
It's
not
really
a
separation
of
duty
per
se,
but
they
have
a
new
component
of
the
audit
this
year
that
have
been
applied
to
all
their
audits
of
municipalities,
which
is
a
questionnaire
regarding
information
technology,
particularly
regarding
the
security
and
security
of
data
and
asking
questions
about
backups
and
servers.
E
B
It's
kind
of
a
separation
duty
question,
because
I
want
to
make
sure
that
it's
the
integrity
of
the
data
is
is
sound,
which
is
the
basis
for
much
of
our
finances.
So
that's
a
new
component
that
that
of
this
year's
audit
and
they
will
be
doing
a
deeper
dive
with
the
city
as
they
continue
with
the
city
as
well.
B
So
yeah
we
strive
to
do
exactly
what
you
said.
Eric
is
separate
out
the
duties
as
much
as
possible
with
four
persons,
and
we
include
joanne
cornish
is
the
executive
director
for
the
second
signer
of
all
checks
and
all
drawdowns
to
the
you
know
from
hud
have
to
go
through
steve
thayer
in
this
city
controller's
office,
and
we
have
no
credit.
No,
no.
No
ira
credit
cards
are
issued,
which
is
another
important
component.
They
ask
us
about.
F
I
have
a
question.
The
note
at
the
bottom
of
the
page
regarding
the
signing
of
checks
is
that
joanne
must
sign
checks
above
a
certain
dollar
amount.
F
All
checks,
okay,
because
I
see
that
the
the
mayor
is
the
the
signer
if
joanna's
not
available,
and
I'm
wondering
if
that
ever
causes
any
problems,
and
you
know
for
a
small
check.
Perhaps
it
would
be
easier
if
checks
above
a
thousand
dollars,
five
thousand
dollars.
You
know
some
limit
require
two
signatures
versus
all
checks.
If
that
would
just
make
it
easier
for
staff.
B
Yeah
that
that
would
make
it
easier-
and
I
can
raise
that
with
our
accountant
and
maybe
check
with
the
auditors
whether
they
feel
that
would
be.
You
know
a
policy
they
would
would
have
comfort
with
yeah.
E
Well
then,
thank
you
to
all
for
reviewing
these
that
was
intended
for
illustrating
them,
so
you
know
cleanly
and
and
easily
accessible
for
at
least
someone
like
me
to
understand.
So
I
appreciate
that.
Oh,
I
guess
this
is
I
I
didn't
remember
until
I
looked
at
the
minutes
from
last
year,
whether
or
not
this
was
always
done,
but
it's
always
nice
to
have
that
community
assessment.
E
E
E
I
don't
know
if
there's
anything
beyond
satisfactory,
I
want
to
strive
for
that,
but
somehow
I
think
they're
kind
of
circumspect
with
their
assessment,
because
I
think
we
do
such
an
outstanding
job
by
by
many
metrics.
Then
you
can
apply
and
we'll
see
that
later
in
the
financial
statements
but
nelson
anything
you'd
like
to
highlight
here
apart
from
again.
B
Since
then,
I
mean
just
some
right
yeah,
because
the
charge
you
know
is
kind
of
compliance
with
with
financial
standards.
This
this
covers
a
my
a
minor
financial
standard
being
that
expenditures
of
debt.
You
know,
cdbg
expenditures,
must
be
expended
on
a
timely
basis
where
charles
has
it
highlighted
on
the
page.
You
know
we
can't
exceed
1.5
as
of
june
1st
each
year,
that's
1.5
of
our
outs
of
our
most
recent
grant,
so
we
can
have
so.
H
B
We
can
have
up
to
900
000
on
expended
of
our
of
our
awards,
that
we
have
access
to
on
a
regular
basis
and
meet
that
standard,
and
it's
a
way
of
making
sure
that
we
keep
input.
You
know
keep
programs
moving
and
implemented
to
meet
that
standard.
B
E
Any
any
questions
or
comments
from
the
board
regarding
the
the
community
assessment
thanks
sales
I'll.
E
Yes,
thanks
for
clearing
the
record
on
that
carl,
this
is
as
good
as
it
gets.
I
guess
as
far
as
what
we'll
hear
from
hud
well,
if
there
are
none,
then
I
think
we
have
completed
our
charge
unless
I'm
mistaken.
B
E
And
is
there
unless
there's
anything
else?
Is
there
a
motion
to
adjourn
from
the
audit
committee.
C
E
Thank
you
chris,
so
for
moving
forward,
we'll
we'll
we'll
re,
we'll
have
another
meeting
of
the
audit
committee
and
our
to
precede
the
next
iura
meeting
just
to
review
these
minutes
the
minutes
from
today's
meeting,
and
also
to
carl,
as
vice
chair
carl,
it
seemed-
and
this
was
an
oversight
on
my
part
that,
having
you
put
be
a
part
of
the
governance
committee's
preliminary
review
of
everything,
would
make
a
lot
of
sense.
That
way,
you
know
any.
E
You
know
you
would
absolutely
spot
all
any
anything
and
everything
that
we
would
need
to
to
consider
at
the
next
board.
Even.
F
E
E
E
E
Yeah,
that's
true
great,
so
I
think
mr
mayor,
you
take
over
from
now.
A
Great
so
we'll
go
back
to
the
regularly
a
regular
ira
meeting
any
additions
or
deletions
from
this
agenda.
A
C
C
B
Also
not
seeing
we
did
receive
some
written
public
comment
from
the
a
referral
from
the
governance
committee.
That
is
an
item
under
the
governance
agenda.
Section.
A
That's
from
todd
in
sunny
days,
that's
correct
right
is
there?
Would
anyone
like
to
move
the
minutes
from
last
week.
A
Move
guys
eric
seconded
by
tracy,
all
those
in
favor
and
those
will
carry
unanimously
next
up.
We've
got
the
selection
of
committee,
chairperson,
that
the
audit
committee,
which
is
made
up
of
a
group
of
very
smart
and
good-looking
people,
moved
that
eric
should
be
the
chair
and
carl
the
vice
chair.
Would
anyone
like
to
move
that
resolution
moved
by
chris
is
their
second
second
by
tracy
all
those
in
favor
and
that
carries
unanimously?
A
A
G
G
A
E
E
We
have
to
also
look
on
an
annual
basis.
We
review
the
the
agency's
investment
policy,
so
we've
done
the
financial
report
and,
and
now
the
governance
committee,
also
on
an
annual
basis
reviews
our
investment
policy,
which
you'll
see
here-
and
let
me
get
to
thank
you,
charles
so
again
we're
we're
we're
compelled
by
the
public
authorities.
Accountability
act
to
do
this
on
an
annual
basis
what's
referred
to
here,
is
our
investment
guidelines
and
investment
guidelines
that
I
think
are
now
10
years
old
march.
E
A
Thank
you.
Is
there
a
second
seconded
by
carl
discussion.
E
Okay,
you
know
the
primary
purpose
for
us
is
to
preserve
funds,
to
preserve
capital
and,
of
course,
complying
with
all
regulations,
requirements,
as
is
noted
here
and
then
with
that
capital,
maximize
earnings
or
interest
on
on
that
capital.
E
So
you
will
see
you'll
see
that
laid
out
here.
The
mails-
I
don't
know
if
there's
anything
else,
that
there
really
is
anything
that's
changed,
but
anything
else,
you'd
like
to
point
out
that
you
think
is
important
for
us
to
consider
for
the
board
to
know.
B
We
just
remain
in
compliance
with
the
guidelines
based
on
depositing
all
our
cash
at
tompkins
trust
company,
which
is
a
federally
insured
institution.
So
the
first
two
hundred
fifty
thousand
dollars
is
insured
by
the
fdic
thereafter.
Tompkins
trust
company
pledges
securities
and
government
bonds
to
secure
funds
above
the
250
000
balance
account.
So
at
the
last
page
there
you
see
a
topkins
county
statement
identifying
those
securities.
E
E
Great.
The
next
item
is
the
public
authorities
reporting.
I
believe,
let
me
just
go
back
here.
Yes,
our
annual
public
authorities,
reporting,
which
we're
also
compelled
to
do
on
an
annual
basis,
and
thank
you
charles
for
that.
E
E
The
nature
of
the
reports,
the
the
the
different
reports
are
outlined
in
that
first
result
there.
The
budget
report,
the
annual
report,
our
procurement
report,
our
investment
report
and
our
certified
financial
audit
report,
and
so
we
as
a
board
have
to
approve
or
not
these
reports,
so
that
we
can
then
submit
them
to
the
new
york
state
authority's
budget
office.
B
E
Yeah
it's
this
is
this.
This
was
a
tough
read
for
for
for
the
governance
committee.
As
we
went,
you
know
we
had.
We
had
time
in
advance,
but
the
formatting
is
not
so
friendly.
So
thanks
nels
for
that.
E
There's
not
much
that
we
could
do
about
that.
The
next
is
our
review
of
our
annual
our
annual
view
of
our
financial
cash
position
report.
There's
no
action
needed
here.
It's
just
a
review
of
of
our
financial
position,
so
I
will
which
is
a
you
know.
There
are
some
overall,
I
would
say
it's
a
strong
position.
E
It's
there
are
some
areas
that
that
actually
we
touched
on
during
our
our
deliberations
over
the
action
plan,
like
our
revolving
loan
fund
balance,
that
are
areas
that
are,
I
would,
I
would
say
you
know,
could
absolutely
be
stronger,
so
nels
I'll,
let
you
yeah
what.
B
We'll
need
we
went
through
each
one
of
these
accounts
at
the
governance
committee
and
we
can
go
into
detail
on
anyone
you're
interested
in,
but,
as
eric
alluded
to
the
second
one
listed
on
the
page,
the
cd
revolving
loan
fund.
That's
our
cash
balance
of
funds
available
to
loan
to
small
businesses.
B
That
does
not
include
the
hundred
and
forty
thousand
dollars.
We
need
to
pay
out
to
afcu
for
the
small
business
resiliency
fund,
so
our
balance
is
closer
to
fifty
thousand
dollars
available
for
making
loans
at
the
present
time,
but
we're
building
it
back
up,
and
that's
that
you
know-
and
it's
it's
going
to
improve
it.
Actually
it's
a
little
better
than
that,
because
we
did
pay
out
some
other
funds.
But
this
is
a
cash
snapshot.
It's
not
a
cool
basis.
B
We
do
it
at
the
end
of
february
every
year,
because
in
february
is
the
month
that
this
the
ira
makes
all
its
payments
to
the
city.
So
we
collect
loan
loan
fund
loan
receipts
as
well
as
lease
receipts,
and
then
we
remit
them
to
the
city
in
february.
So
228
is
a
kind
of
a
pretty
close
to
an
unobligated
balance.
You
know
kind
of
analysis
of
these
accounts.
B
The
one
we
look
closely,
the
largest
one
just
to
be
aware
of,
of
course
is-
is
the
hodag
account
which
is
available
for
rental,
housing,
assistance
programs
and
we've
been
making
loans
with
that
funding
source
for
many
years
on
repayable
loans,
and
that's
the
funding
source
that
we
talked
about
assisting
the
west
state
street
project
from
vism
with
a
hundred
thousand
dollar
loan
commitment
out
of
that
fund
contingent
on
them
getting
an
award
of
funding
from
the
state
in
this
calendar
year
and
the
la
the
lowest
one,
the
non-cdbg
account
lowest
on
the
page.
B
B
It
can
support
the
administrative
budget
and
it's
a
little
bit
inflated
there,
because
when
we
received
the
loan
payoff
from
huge
green
that
apartment
building
next
to
the
puget
garage,
as
well
as
the
building
that
included
green
pharmacy,
we
had
previously
had
a
long
loan
with
repayment
terms
where
we
split
the
funds
between
the
city
and
the
ira,
and
we
reinvested
about
six
hundred
thousand
dollars
of
that
in
a
acquisition
of
south
titus
street
properties
and
then
sold
them
to
inhs
with
another
note.
B
B
Still
it's
in
a
positive
upward
swing
from
prior
years,
and
that's
that's
good
news
and
that's
when
we
we
watch
very
closely
if
we
were
to
have
a
declining
balance
in
that
account,
we
would
have
to
start
seriously
considering
how
that's
what's
our
sustainability
for
our
administrative
budget
unless,
unless
grant
funds
start
picking
up
again.
So
that's
when
we
watch
very
closely.
I
think
all
told
we're
very
pleased
with
the
balances
that
we
have
currently
in
that
in
that
non-cdbg
account.
E
And
nels,
if
I'm
not
mistaken,
just
really
briefly
that
hodag
the
source
of
hodag
wasn't
that
the
eddie
street
sorry
eddie
gate
project,
eddie.
B
E
So
that's
just
a
shout
out
to
the
agency's
foresight.
You
know
I
mean
stretching
back
30
over
30
years.
I
think
so
sue
cummings
being
on
that
board
and
others
it's
just.
There
was
a
lot
of
vision
and
just
a
great
example
of
of
that
kind
of
investment
and
vision,
combination
that
we
could
be
sitting
in
another
century
looking
at
and
still
being
able
to
utilize
those
proceeds
for
good
work.
It's
just
something
I
like
to
I'm
always
taken
by.
A
E
A
E
E
There
was
a
public
comment
received
by
the
governance
committee
from
both
the
owners
of
sunny
days
addressed
to
the
governance
committee.
I
think
it
was
the
second.
I
don't
remember.
E
It
wasn't
the
first
communication
that
the
owners
of
sunny
days
have
had
with
the
agency.
I
think
that
communication
may
have
started
in
january
or
february.
I
don't
remember
exactly
maybe
january
and
then.
E
We
was
referred
to
the
governance
committee
because
in
one
of
those
communications
they
refer
to
our
code
of
ethics
and
public
authorities.
Accountability
act
calling
on
on
those
documents
on
those
sources
as
a
compelling
reason
for
us
to
do
more
than
we
have
so
far
to
make
them
whole.
However,
that's
defined
it,
but
there
really
wasn't
a
defined
as
far
as
I
can
recall
request,
but
in
our
preliminary
review
of
this
of
the
committee,
it
didn't
seem
like
the
code
of
ethics
really
applied.
E
Code
of
ethics
really
is
about
making
sure
there
isn't
a
conflict
of
interest
between
board
members
committee
members
staff
members
that
none
of
those
individuals
have
any
conflict
of
interest
with
any
of
the
business
before
the
agency
and
that
doesn't
that
didn't
really
seem
to
apply
to
what
they
were.
Describing
that
that
correspondence
is
here
right
now,
as
I
remember
seeing
it
in
the
iura
packet
and
yes,.
E
So
then,
it
wasn't
clear
to
us
if
there
was
potential
litigation
or
not
the
curse.
Walls
were
not
there
at
the
meeting
at
the
governance
committee
meeting,
but
it
seemed
beyond
the
scope
of
the
governance
committee
because
it
didn't
didn't
really
seem
to
have
to
us
anyway.
E
The
application
to
the
code
of
ethics
wasn't
all
that
clear.
But
it
is
you
know
to
us.
You
know
it's
a
sensitive
matter
and
it
may
be
made
more
sense
for
the
agency
to
consider
this,
as
opposed
to
the
committee,
wouldn't
want
anyone
to
feel
as
if
we
were
just
ignoring
this,
and
our
understanding
too
was
that
there
were.
E
There
have
been
conversations
between
the
kurzweil's
and
city
staff.
We
joined
cornish
and
there
have
been
you
know
some
commitment
by
the
city
to
try
and
do
a
better
job
in
terms
of
communication
regarding
construction,
work
and
signage,
and
that
kind
of
thing
I
don't
want
to
get
into
all
the
details,
but
it
does
seem
at
the
heart
of
the
matter.
It
seemed
to
us
and
again
this
is
just
our
best
at
a
review
for
something
that
we
thought
was
out
of
our
scope.
E
Like
at
the
heart
of
it
was
just
poor
communication
between
the
landlord
and
tenants
and
which,
which
is
just
very
unfortunate,
so
what
role
we
may
have
seemed
to
be
a
question
that
would
be
better
answered
at
the
agency
level
if
any
and
and
so
nells
is
there
anything
else
that
I've
missed.
Besides
that?
That
very
poor
summary,
I
have
to
admit
no,
no,
but
it
seems
like
there
are
a
lot
of
angles
to
this,
but
and
we
just
wanted
to
be
sensitive
and
timely
in
their
concern.
B
The
sponsor
is
ithaca
properties,
llc,
jeffrey
rimland,
managing
member
who
is
also
the
owner
of
rothschild
and
the
landlord
of
sunny
days,
and
you
may
recall
the
history,
but
just
to
repeat
it
here,
a
little
bit
as
a
summary.
The
original
project
was
entirely
to
be
built
on
the
parking
garage
component
of
the
project.
Then
they
had
a
revision
where
they
brought
it
out
to
the
commons
and
had
two
stories
of
upper
story.
B
Development
brought
forward
to
the
commons,
essentially
above
the
sunny
day,
space
would
be
impacted,
which
then
we
realized
would
very
likely
impact
them
on
a
and
require
dislocation
of
that
business
on
a
temporary
basis,
at
least,
and
the
agency
decided
that
the
condition
for
entering
into
a
disposition
development
agreement
with
the
developer
would
be
a
satisfactory
mitigation
plan
for
that
impact
and
the
the
developer
then
entered
in
negotiations
with
the
two
different
businesses:
three
businesses,
actually
that
were
impacted
home,
green
home
sunny
days
and
the
cafe
and
home
green
home.
B
Right,
yeah
and
those
negotiations
started
and
continued
for
a
couple
of
weeks.
They
were
both
parties
were
represented
by
legal
representation
and
they
did
not
come
to
a
mutual
conclusion
and
the
developer
changed
the
plan
to
not
impact
those
retail
spaces
and
move
it
back
to
the
original
plan
above
the
parking
garage
only
for
vertical
expansion.
B
B
I
believe
it
was
a
rent,
a
rent
reduction
equal
to
the
cost
of
legal
expenses.
I
reviewed
the
legal
expenses
and
did
get
confirmation
of
that.
They
essentially
are
indicating
in
this
communication
that
there
were
other
impacts
beyond
that
that
they
thought
the
ira
should
have
addressed
is
my
reading
of
this,
but
I
think
we
did
protect
them
against
impacts
of
dislocation.
B
We
did
not
play
a
role
in
the
landlord
antenna
relations
beyond
that.
E
And
and
nels
just
to
to
add
to
that
that
there
now
that
that
reminds
me
of,
I
think
another
underlying
the
their
the
todd
kurzweil's
anyway,
referral
to
our
code
of
ethics
and
the
public
authorities.
Accountability
act
was
the
idea
that
the
ira
was
compelled
or
responsible
for
more
for
making
any
individual
business
whole
in
situations
like
this,
although
our
charge
really
as
an
agency,
is
to
maximize
public
benefit
that
doesn't
and
to
to
mitigate
consequences
as
as
as
best
we
can.
E
That
may
happen
to
as
a
consequence
of
some
of
those
actions
and
and
and
we've
taken
that
action,
but
our
but
by
our
primary
charges,
is
maximizing
the
public
benefit,
which
is
why
we
have
to
take
this
project.
We
undertake
to
help
these
projects
in
the
ways
that
we're
allowed
to
and
that
we
can,
but
am
I
mistaken
in
that
nel's
right?
Our
overall
charge
is
to
maximize
public
benefit
and
then
to
mitigate
consequences
where
appropriate
and
where
we
can.
F
B
F
Eric
when
you
speak
of
public
benefit,
are
you
talking?
Does
that
include
in
this
case
the
particular
business?
Are
you
speaking
in
just
a
broader
context,.
E
E
How
are
we
maximizing
overall
public
benefit
by
x,
y
or
z,
so
I
I
meant
it
in
a
broad
context,
but
that
was
my
understanding
again
just
my
understanding,
so
I
just
wanted
to
explain
why
I
thought
again:
it
was
outside
the
scope
of
the
governance
committee,
because
I
I
could
be
wrong.
B
Carl,
the
the
the
commenter
made
a
statement
that
the
ira's
responsibility
is
to
be
a
fiduciary
to
protect
the
interests
of
sunny
days,
which
is
right.
You
know
in
essence,
would
mean
that
we're
acting
on
solely
on
their
behalf
in
their
interests,
and
I
think
that
that
was
my.
The
context
of
my
statement
is
the
the
obligations
of
the
ira
go
well
beyond
any
one
individual
business
to
protect
that
we
do
try,
and
I
think
we
did
provide
some
important
mitigation
in
the
process
for
sunny
days.
B
But
we're
not
we're
not
in
the
in
it's
not
our
charge
to
protect
a
single
business
on
a
fiduciary
basis.
F
Yeah
thanks
for
that
clarification,
because
one
of
the
things
that
in
the
in
fact
the
the
copy
of
the
email-
that's
that's
on
our
screen
right
now.
I
think
it's,
the
second
page,
there's
a
specific
ask
that
we-
I
I
guess.
F
Basically
what
can
we
examine
this
particular
situation
to
mitigate
these
problems
in
the
future
between
any
any
landlord
you
any
construction
projects
that
impact
particular
businesses
so
yeah,
you
can
see
it
in
the
the
last
paragraph
there
I'm
asking
the
governor's
committee
how
how
the
situation
might
be
avoided,
so
others
don't
have
the
experience
we
did
so
I'm
not
sure
what
I
guess
we
could
think
about
if
that's
possible
for
us
to
do
to.
F
I
would
hope
that
in
helping
to
negotiate
situations
in
the
future,
where
a
business
will
be
impacted
by
a
construction
project,
is
there
any?
Are
there
any
things
we
can
put
in
place
to
ensure
that
the
business
the
impact
on
the
businesses
is
minimized,
that
the
communication
flows
smoothly?
F
I
think
eric,
I
think,
characterized
the
relationship,
as
is
miscommunication.
I
think
that
the
kurzweil's
don't
view
it
so
much
as
is
misc
or
or
imperfect.
Communications
but
the
landlord
kind
of
purposefully,
purposefully
doing
some
things
or
or
not,
taking
their
best
interest,
the
businesses
best
interest
to
heart,
and
I
I
know
we
don't
want
to
get
too
much,
and
so
we
don't
want
to
get
too
much
into
the
middle
of
this.
F
B
F
B
And
I
think
I
think
the
the
structuring
of
an
urban
renewal
project
can
include
a
number
of
items.
You
know
one
that
we
want
to
keep
our
mind
on,
of
course,
is
in
any
dislocation,
temporary
or
permanent
of
existing
businesses
when
we're
looking
at
an
urban
real
project.
B
But
a
lot
of
the
issues
that
were
raised
in
the
letters
were
not
directly
related
to
the
urban
real
project.
It
they
kind
of
spun
out
of
the
fact
that
the
developer
was
trying
to
lease
up
adjacent
space
to
ithaca
college
and
the
physicians
assistance
program
and
the
construction
related
to
that
which
impacted
sunny
days
in
terms
of
visual
impacts
on
their
business,
as
well
as
noise
and
construction
activity,
which
are
really
quite
a
bit
separate
from
the
urban
renewal
project.
B
In
my
opinion,
but
I
think
that
what
came
out
of
that
were
meetings
with
the
city
and
trying
to
emphasis,
you
know,
coordinate
construction
activity.
The
building
permit,
you
know,
figuring
out.
A
new
store
does
not
go
back
to
the
planning
board
or
the
planning
office.
It
goes
to
the
building
division
for
issuance
of
a
building
permit
and
enhancing.
B
Those
kind
of
issues
I
think
have
been
looked
at
a
lot
closer
to
try
to
coordinate
that
and
make
sure
that
adjacent
businesses
would
be
aware
of
it
and
maybe
have
an
opportunity
to
have
some
input
in
how
that
is
designed.
We
still
have
to
meet
the
building
and
safety
codes,
but
but
a
little
more
sensitivity
to
the
impact
of
those
activities.
B
G
H
Now
yeah
yeah,
I'm
sorry
yeah,
I
mean
I'm
glad
you
brought
that
up,
because
I
do
think
the
link
between
the
urban
renewal
project
and
this
spitting
out
for
the
new
tenant
have
gotten
linked
here
a
little
bit
in
this
issue,
and
the
current
disruption
is
not
related
to
the
urban
renewal
project,
but
it's
related
to
preparing
the
the
adjacent
tenant.
H
Is
you
know,
it
is
important
to
note
also
that
you
know
we
do
have
an
outstanding
loan
with
sunny
days,
and
I
think
I
think
perhaps
the
first
link
they
were
suggesting
is
that
where
we
had
an
increased
fiduciary
responsibility
is
because
we
actually
have
loan
funds
that
are
at
risk
in
this
business
and
in
the
context
of
everything
you
and
carl
and
eric
were
just
talking
about
in
terms
of
our
our
overall
prevailing
interest
in
terms
of
public
benefit.
H
You
know,
is
there
any
does
anything
arise
when
we
have
a
situation
like
we
had
in
this
particular
case,
where
we
have
a
business
that
has
a
loan
from
the
iura,
and
we
have
another
business
which
is
in
front
of
us
for
an
urban
renewal
project,
and
did
we
do
everything
that
we
could
have
to
sort
of?
You
know
kind
of
clarify
those
different
roles
that
we
had
in
that
particular
situation,
and
do
we
have
us
any
additional
interest
to
that
business
because
they
are
in
receipt
of
loan
funds
from
us.
E
I
think
those
are
those
are
really
good
points
chris,
I
I
would
say
I
would
say
yes,
it
would
be
worth
it.
You
know,
business
does
have
a
loan,
we
do
have
a
loan.
We
have
loaned
made
a
loan
to
a
business.
Then
there's
there
is
some
compelling
interest
on
our
part,
so
at
least
look
at
that
the
impact
of
whatever
they're
experiencing
is
going
to
have
on
that
and
then
maybe
some
reconsideration
there
right.
I
don't
know.
H
H
Right
and
in
fairness,
like
I
mean
we
did
not
only
exercise,
I'm
not
sure
we
were
exercising
it
our
role,
because
we
had
a
loan
with
sunny
days,
but
more
because
we
were
interested
in
a
good
urban
renewal
project.
You
know
recognized
that
the
the
developer
would
need
to
mitigate
impacts
on
the
businesses
of
the
urban
renewal
project
and,
as
nels
pointed
out,
they
couldn't
come
to
a
mutually
agreeable
satisfactory
way
of
doing
that.
H
H
You
know
obviously
we're
interested
in
sunny
days
being
able
to
repay
the
loan
to
us
and
if
a
decision
by
the
building
division
to
allow
the
tenant
to
do
some
that
the
owner,
the
landlord
to
do
something
that
is
impacting
the
business
of
the
tenant.
I
guess
we're
a
concerned
party
in
that
sense,
but
I
don't
know
the
extent
of
what
our
influence
is.
H
H
F
And
there's
also
the
reputation
risk
for
the
agency
fair
or
not.
We've
been
linked
to
this.
This
construction
adjacent
to
the
urban
renewal
project.
A
Yeah,
I
also
want
to
recognize
how
hard
it
is,
though,
to
build
policy
around
edge
cases.
You
know
that
that
when
you
have
outlier
cases
where
you
have,
I
mean
how
often
does
this
happen
where
one
there's
a
tenant,
that's
supported
by
the
iura
two
there's
the
development.
That's
also
partnered
in
some
way,
with
the
iura
and
three
there's
a
huge
tenant
landlord
conflict.
A
A
A
The
landlord
was
not
respecting
their
their
rights
and
not
honoring
their
lease,
for
which
there
are
you
know
their
legal
remedies
in
those
cases.
A
I
do
think
that
their
best
course
is
through
you
know
the
legal
system
and
I'm
I'm
interested
in
how
we
can
learn
from
this
to
be
more
proactive
in
our
communication,
around
development
projects
both
on
the
city
side
and
on
the
iura
side.
But
I
haven't
seen
a
clear
path
to
what
chris
just
raised,
which
is.
Is
there
a
way
that
we
can
ingest
our
policies,
but
I'm
open
to
I'm
actually
open
to
it?
A
E
We're
I'm
absolutely
open
to
having
that
exploring
that
and
what
we
can
within
the
governance
committee
for
the
future.
Also,
I
just
want
to
clarify
that
number
one
I
wanted
to
say.
I
agree
carl
you're
right.
You
know
I
didn't
mean
to
certainly
didn't
intend
to
minimize
the
conflict
to
miscommunication.
E
That
was
a
poor
choice
of
words
on
my
part,
and
I
will
attribute
that
to
perhaps
being
under
caffeinated
than
anything
else
because
reading
through
this,
absolutely
that
I
could
see
from
their
vantage
point
and
not
having
spoken
with
the
landlord
at
all.
That's
why
I'm
saying
it
that
way
that
it's
it's
more
than
just
miscommunication.
E
You
can
feel
that
and-
and
in
fact
I
thought
that
was
important
enough
to
convey
what
was
being
felt
to
read
out
their
statement
at
the
governance
committee
as
opposed
to
just
referring
to
it.
So
so,
but
thank
you
for
that.
You
know
carl
for
for
mentioning
that,
because
I
agree
with
you
and
the
second
is
thank
you
to
danelles
for
clarifying
what
I
did
not
not
such
a
great
job
of
explaining.
When
I
was
explaining
the
agency's
charge.
E
E
But
I
I
certainly
am
one
who
does
not
believe
in
looking
at
the
at
the
greater
good
as
the
overall
rationale
for
doing
just
anything
to
anyone,
but
also,
I
think
it
was
also
important
to
raise
the
distinction
that
this
the
issues
at
hand
really
are
not
directly
linked
to
to
what
we've
been
doing
to
the
initial
agency
project.
Although
carl
you're
right
that
fair
or
not
we're
linked-
and
we
still
do
have
a
link
in
in
having
a
loan
that
we
would
like
to
see
repaid.
E
But
maybe
there
too,
you
know,
as
this.
E
Aside
from
the
governance
committee
looking
at
this
to
to
to
see
how
we
can
optimize
support
prevent
something
like
this
from
happening,
I
think
there's
may
perhaps
I
don't
know
if
there's
an
openness
on
the
ed
committee
to
just
having
conversations
with
sunny
days
about
about
that
loan.
Just
let's
just
look
at
what
what
that
impact
may
be.
If
they
want
to
make
that
case
and
seeing
how
we
can
be
helpful,
there.
B
E
H
Yeah,
maybe
the
only
thing
I
would
add
eric
to
your
con,
your
good
summary.
There
is
right-
and
I
should
have
talked
about
that
alone
in
the
past
tense.
It
was
in
the
present
tense.
I
think
at
one
point,
but
it
was
okay,
it's
in
the
past
tense.
Now,
so
thank
you,
nelson.
That
clarification.
H
H
You
can't
create
policy
for
every
situation
that
arises,
otherwise
you
end
up
with
a
really
complicated
policy
book
at
some
point,
but
I
think
it
took
it's
a
good
reminder
and
awareness
that
these
kinds
of
urban
rental
projects
that
we're
doing
mobilize
significant
capital,
both
from
the
private
sector
on
the
part
of
the
developer
and
often
capital
by
other
federal
or
state
or
municipal
agencies,
right
so
there's
a
lot
of
capital
at
play
and
and
that
creates
a
disproportionate
power
relationship
between
those
who
have
the
capital
and
those
who
don't
and
often
the
disruption
is
a
homeowner
or
a
tenant
or
whether
that's
a
a
housing
tenant
or
a
rental
tenant
or
a
small
business.
H
H
Is
there
anything
else
we
can
do
to
go
above
and
beyond
that,
and
I
don't
think
that's
policy
so
much
as
you
know
the
value
of
our
agency
that
I
think
we
take
seriously
and
just
recognizing
yeah,
that
these
projects
have
a
significant
public
benefit
and
but
it
also
mobilized
lots
of
capital
and
the
mobilization
of
that
capital.
H
You
know,
in
some
people's
mind,
creates
a
disproportionate
power
relationship
and
the
developers
sometimes
utilize
that
so
we
just
need
to
be
on
the
lookout
for
that.
I
think.
E
That
gives
me
a
couple
of
ideas
that
I
think
we
could
pursue
at
the
governor's
committee
actually
chris,
that
thought
that
rather
than
policy
looking
at
it
as
as
values,
so
there
may
be
a
way
that
we
can
make
those
values
formalize
them
and
then
have
that
be
a
part
of
our
conversations
with
developers
and
others
in
that
with
the
greater
power
to
say
here
are
expectations
about
communication.
Here's!
What
we
believe
in
here
are
expectations
in
in
communicating
with
those
who
for
lack
of
a
better
way
of
saying
it.
E
I'm
just
going
to
use
your
words
who
are
in
a
you,
know
less
of
a
power
position
than
you
are,
but
who
are
going
to
be
impacted
by
this,
and
in
order
for
us
to
move
forward,
we
want
to
make
sure
that
that
you
can
also
abide
by
these
values.
E
H
F
F
Agree,
thank
you
both
chris
and
eric
for
clearly
articulating
what
I
what
I
was
stumbling
trying
to
articulate.
We
do,
I
think,
have.
F
I
would
determine
an
obligation
that
it
is
clearly
not
a
legal
obligation
but
an
obligation
to
ensure
that
that
that
power
imbalance
between
those
with
the
money
and
those
who
are
impacted
by
these
projects.
You
know
the
developers
versus
the
people
who
may
be
impacted
that
the
developers
just
don't.
F
A
A
All
right,
then
anything
else
from
the
governance
committee.
E
No
no
other
report
from
the
governor's
community.
Thank
you.
A
H
Maybe
really
yeah,
maybe
just
really
briefly,
so
the
eddy
committee
is
going
to
be
reviewing
the
three
applications
for
the
rfe
that
were
responded
to
into
the
rfi
for
inlet
island
at
our
may
meeting,
which
is
the
second
tuesday
in
may
at
3
30,
and
I
invite
every
member
of
the
agency
to
join
if
you're
interested,
and
I
think
we're
going
to
extend
the
invitations
to
comment
council
as
well.
H
Any
member
of
council
who's
interested
so
that'll
be
happening.
We
don't
plan
to
make
a
recommendation
at
the
may
meeting.
H
I
think
you
have
also
seen
nells
circulating
communication
from
one
of
the
applicants,
believing
that
another
applicant
has
kind
of
mischaracterized
land
use
and
branding
etc,
and
I
encourage
all
of
you
to
take
a
look
at
that
and
that'll
be
something
I'm
sure
we'll
have
to
discuss
at
the
committee
and
review
whether
or
not
that
affects
feasibility
of
one
or
more
of
the
applicant's
context.
G
B
B
C
Thank
you,
but
part
of
that
letter
was
basically
saying
that
that
the
proposal
was
the
proposal
in
question
was
incorporating
property
that
didn't
belong
to.
The
proposal
in
question
proposes
in
question
right.
A
B
Way
down
at
the
bottom
of
your
package,
you
should
have
the
february
and
march
grant
summaries
as
well
as
financials
february
was
a
bit
rocky
for
loan
repayments.
It
rebounded
quite
a
bit
for
march,
but
we're
still
working
with
liquid
state
is
the
newest
delinquency
that
we've
we're
looking
at
working
with.
B
There
is
a
possibility
of
some
confusion
again,
because
a
lot
of
these
loans
are
moving
from
their
interest
only
covered
term
to
repayment
term,
and
it's
always
a
little
rocky
between
both
the
borrower
and
our
and
our
servicer
m
t
bank.
So
we
want
to
make
sure
that
we're
not
overstating
a
problem
here
before
before
we
do
it.
We
are
in
communication
with
with
them
a
leg
is
a
leg
which
is
lake.
B
Restaurant
is
the
rook
restaurant
they're
back
on
and
current
again,
so
the
if
you're,
looking
at
the
february
one,
I
think
they're
they're
back
in
repayment
by
march
on
on
current.
So
generally
speaking,
the
grants
are
are
working.
Well,
we
did
flexible.
You
know
the
agency
moved
to
make
the
one
project
that's
slow
and
moving,
which
is
the
rental
housing
assist.
You
know
rental
housing,
e-wrap
program
with
inhs
we've,
we've
more
liberalized
the
eligibility
for
that
program
and
expect
that
that
will
be
able
to
expand
funds
down.
B
If
you
look
at
our
spend
down
ratio
as
of
march,
we
are
in
in
compliance
with
the
spend
down
ratio
for
cdbg
funds
of
1.5,
so
we're
in
good
stead
on
that
metric
as
well.
I'm
happy
to
answer
any
questions.
A
F
Carl,
the
canopy
hotel
owing
says
for
interest
payment
from
september,
is
that
just
on
our
in
an
error-
or
I
just
was
curious
about
that.
B
Yeah,
it
relates
back
to
like
a
13
issue
and
they
made
a
slight
underpayment
three
months
ago
and
the
way
that
m
t
has
told
us
to
correct
it
is
to
have
them
not
make
a
payment
for
two
weeks,
so
they
can
reset
their
their
system
and
then
make
and
then
make
a
payment.
So
it's
one
of
those
things.
That's
a
little
bit
beyond
our
control.
It's
not
a
deep
delinquency.
B
You
know
we're
talking
about
less
than
twenty
dollars
total,
so
we're
just
trying
to
work
that
out
and
get
it
so
that
it
matches
up
with
the
amortization
tables
of
both
our
accountant
and
m
t.
Our
servicer.
F
C
A
Okay,
any
other
thoughts
on
the
financials.
A
A
Then
I
don't
believe
I
have
a
report.
Is
there
a
report
laura?
Do
you
have
any
report
at
the
council
liaison.
D
No
no
report
this
month.
B
Just
really
quickly,
I
believe
that
pedc
did
take
a
look
at
the
community
gardens
land
swap
and
since
the
agency
has
earmarked
some
funding
for
that
project,
I
believe
that
was
a
positive
meeting
last
night,
advancing
it
to
the
county
council.
Is
that
correct.
D
The
I
guess
the
one
other
thing
I
will
report
is
that
the
ithaca
energy
code
supplement
there
were
some
revisions
and
that
will
now
be
moving
on
to
the
may
council
meeting.
It's
also
moving
through
the
town
board
meetings,
so
there
should
be
some
real
adoption
of
the
ithaca
energy
code
supplement
by
the
end
of.
A
A
D
A
A
D
Stay
warm
today,
this
earth
day.
B
Yes,
yeah
was
it
a
surprise
to
anybody
to
see
that
the
county
administrator
has
announced
his
resignation?
Yes,.
C
Yeah
a
little
he
has
any
kids,
grandparents,
good
yeah.