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From YouTube: IURA Economic Deve. Commmittee
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A
A
B
E
E
A
H
B
Think
we
might
want
to
invite
you
to
come
up
or
anybody
else.
You
want
to
bring
up
and
kind
of
describe
issues
a
little
bit,
but
you
know
you've
got
financial
information
that
the
pan
endemic
has
not
been
kind
to
any
Performing
Arts
venues
and
it's
been
particularly
difficult
for
Cinepolis,
because
they
also
have
been
in
the
middle
of
a
construction
project
during
much
of
that
time,
as
well.
B
I
I
We
are
as
Mel's
Dead
like
many
organizations
facing
challenges
as
we
emerge
from
the
pandemic
and
in
our
case
we
have
had
issues
with
weight
binding,
as
our
agents
are
trying
to
find
their
way
to
our
theater,
and
we
have
sort
of
added
challenges
around
marketing
and
Outreach,
because
our
physical
location
is
obscured.
I
By
construction,
I
will
also
say
that
we
are
very
excited
about
the
opportunities
to
collaborate
with
the
convention
center
and
I've
already
had
conversations
with
Folks
at
visit,
Ithaca
and
elsewhere
about
opportunities
that
await
Us
in
the
near
future.
As
a
Convention
Center
opens,
we
are
as
the
financial
documents
that
you
have
before
you
detail.
We
are
projecting
a
budget
deficit
for
this
year.
We
did
face
as
many
organizations
did
a
significant
budget
deficit
in
2022..
I
I
Those
programming
adjustments,
we
are
looking
at
new
Partnerships
I,
mentioned
the
convention
center,
but
there
are
many
Partnerships
that
are
sort
of
being
real
livened.
At
this
moment,
people
are
coming
back
to
the
movies
that
organizations
are
also
looking
to
us
as
a
partner
for
hosting
events
and
for
conducting.
I
Lots
of
good
things
are
happening,
but
you
can
certainly
use
some
help,
given
the
challenges
that
we
faced
and
as
I
said.
I
do
think
that
we
have
an
important
role's
play
in
the
cultural
life
of
Steve
Ithaca,
but
also
the
economic
life
of
the
city
of
Ithaca.
G
I
The
article
and
you
know
on
a
on
a
on
a
good
weekday,
we'll
eat
now
as
we're
facing
depressed
attendance.
We
might
see
over
300
people
come
to
the
theater
and
those
folks
are
also
going
to
restaurants
and
other
stores,
and
that
has
a
big
impact.
So
I
do
think
it
is
an
investment
which
benefits
many
other
organizations
and
businesses
and
others
I
appreciate
your
consideration
and
I'm
happy
to
answer
any
questions
about
it.
A
C
F
I
had
a
few
couple
questions.
One
I
wondered
whether
you
said
you're
thinking
or
even
offering.
Now.
First,
you
want
some
first
one
films
is
that
is
that
good,
where
you're
planning
to
we.
I
Have
always
been
a
first
time
in
the
beginning,
which
means
that
when
movies
are
released,
that's
when
they're,
showing
at
Cinema
lists,
we
do
do
some
special
programming
of
films
that
are
from
an
earlier
era,
but
our
sort
of
core
programming,
as
our
first
run
films.
The
recent
change
that
I
was
referencing
is
that
we
are
offering
some
franchise
movies
that
have
not
appeared
at
cinemapolis.
I
But
the
exciting
thing
is
that
it's
bringing
some
books
to
the
theater
that
have
not
been
the
theater
in
on
before
and
I
I
think
it's
an
exciting
development
for
us.
We're
able
to
sort
of
offer
a
fun
activity
for
this.
I
Before
they
head
out
of
town-
and
we
have
some
some
other
summer
franchise
movies
that
we
think
will
be
helpful
in
in
boosting
Revenue,
but
also
honestly
I.
G
I
Moviegoers
at
a
lower
rate
than
they
would
get
at
the
mall,
and
you
know
for
people
looking
for
an
entertaining
day
of
on
experience
in
the
movies
I'm
very
happy
to
offer
them
that
at
an
accessible,
affordable
rate.
So
I
think
it's
still
very
much
on
our
mission.
But
we
are
expanding
our
offerings
to
attach
a
new
audience
members
and
to
increase
Revenue.
The.
I
So
that's
a
great
question:
the
rates
that
we
are
getting
in
this
case
Disney
is
they
get
a
higher
percentage
of
our
ticket
Revenue,
but
what
happens
is
within
the
business
model
movie
theaters
very
often
involved
of
Revenue
is.
G
I
And
honestly,
we
get
more
people
in
order
for
that
movie.
Then
we
kind
of
entice
them
to
come
back
and
see
another
movie
sometime
soon,
but
it's
actually
the
even
with
a
higher
percentage.
It
still
works
out
well
for
us.
F
Ask
another
one
sure
I'm
just
curious
whether
you
applied
for
the
the
shuttered
venue
Events.
Maybe
that
just
didn't
get
it.
I
We
did
and
that
we've
been
received.
The
final
I'm
gonna
have
to
it
was
the
final
installment
came
in
the
beginning
of
2020..
Yes,
so
that
this
is
David's
virus,
our
wonderful
bartender.
So.
E
I
I
would
add
to
that
that
the
shuttered
money
is
another
coverage.
My
name
was
very
helpful
in
keeping
us
afloat
in
2020
and
2021
and
at
the
beginning
of
2022,
but
as
we
have
reached
this
period,
where
things
are
really
starting
to
open
up
again,
there
is
somewhat
of
a
lab
in
and
attendance.
You
know,
I
think
that
there
has
been
increased
across
the
industry.
I
We
have
not
fully
benefited
from
that
increase
because
there
are
additional
challenges
we're
facing,
including
construction
and
other
issues.
The
change
of.
I
We
are
not,
Regal
is
still
open.
I
Going
but
we
I
think
we
still
offer
something
very
special
in
the
back.
I
And
we're
doing
a
lot
to
try
to
reach
out
to
some
of
our
neighbors
in
my
companies
and
girls,
Twitter
and
elsewhere.
So
I
think
the
fact
that
we
do
show
movies
that
no
one
else
sees
no
one
else
shows
including
movies
by
liberal
filmmakers.
The
fact
that
we
are
already
downtown
I
think
there's.
There
are
lots
of
advantages
that
we
have
so,
as
I
said,
I
think
that
we
have
a
bright
future
ahead,
but
there
are
challenges
right
now.
D
I
had
a
question
that
is
maybe
a
little
Nitty
Gritty
detailing,
but
somewhere
in
the
various
materials
it
mentioned
that
that
cinemapolis
is
exploring
or
investigating
getting
a
liquor
license
for
alcohol
sales
in
the
concession
I
thought.
That
was
something
that
was
decided
in
like
in
process
and
like.
G
D
I
Hope
so
we
still
have
to
finalize
it.
It
was.
It
was
in
process
when
When
Brad
was
in
his
time
once
and
we
have
not
finalized
that,
but
we're
going
to
keep
working
on.
G
I
G
I
It's
still
we're
gonna.
There
are
just
some
other
operational
pieces
that
we
need
to
kind
of
solidify,
and
we
also
lead
to.
One
piece
is
that
we
have
to
have
a
long-term
release
to
get
that
and
we
are
nearing
the
end
of
our
current
lease
and
looking
forward
to
the
future
and
figuring
out
that
piece
as
well
so
I
having
been
in
a
position
within
a
month.
We
have
not
yet
closed
that
deal
under
my
leadership,
but
it
is
certainly
on
my
radar
and
I'm
talking.
I
We
are,
we
are
working
on
up
composers
who
are
Menards
to
sort
of
our
current
lease
term
is
coming
to
an
end
and
we're
going
to
be
in
conversation
with
our
landlord
about
the
future.
A
C
I
I'm,
sorry,
it's
that
is
our
Landmark,
so
kyogreen
is
the
name
of
the
company
and
and
Superman
fields
are
the
are
the
actual
people.
D
B
So
if
they
back
up
a
long
ways
to
developing
the
idea
of
moving
Cinepolis
to
the
new,
the
new,
then
Green
Street
Garage
project
yeah,
the
city
didn't
feel
it
had
the
expertise
to
be
a
developer
for
a
cinema.
So.
C
B
Sought
to
partner
with
a
private
sector
developer
to
do
that
part
of
it
got
it.
So
the
city
released
the
the
cinema
space
to
the
IRA,
the
IRA
subleases,
that
space
to
Cuba
green
Broomfield,
who
then
outfitted
it
75
percent
of
the
way
for
the
cinema,
and
then
they
in
turn
lease
to
seven
third
Corporation
Ithaca,
which
is
synonymous
and
then
Cinepolis
brought
in
seats
and
other
improvements.
G
B
City
of
Ithaca
owns
well
prior
to
the
recent
project,
the
city
of
Ithaca
owned
the
real
estate,
the
IRA
at
least
the
parking.
You
know
at
least
the
cinema
space.
Then
it
turned
out
with
the
the
new
Redevelopment
project.
Now
as
Theory
historic
parking
only
owns
the
real
estate
underneath
it,
because
that's
all
pledged
towards
the
bond
payments
to
build
to
build
the
vertical
expansion
of
the
parking
garage
and
expand
that
so.
D
They,
the
land
and
the
parking
garage
building
which
includes
cinemapolis.
B
Or
the
cinema
space
and
then
the
the
city
will
release
back
the
parking
garage
to.
D
C
F
You
talked
about
again
focusing
on
fundraising,
pretty
important
piece:
yeah
right
and
you're
you're
estimating
to
be
flat.
B
I
I,
that
number
is
both
grants
and
donations
that
280.
F
I
So
we
are
that
those
some
of
those
graph
that
you're
seeing
in
2021
with
the
federal
grants
that
are
one-time
emergency
grants.
I
I
mentioned
this
briefly
in
the
request.
The
board
hired
me
largely
because
I
have
a
lot
of
grant
writing
experience
in
particular,
and
we
also
have.
We
recently
need
welcomed
new
members
to
the
board,
with
specific
fundraising
experts
used
to
Major
gifts
and
and
stone
relations.
I
So
it
is
absolutely
a
focused
to
increase
donor
engagement
to
increase
fundraising
the
our
goals
for
Grants
and
for
donations
have
been
increased
for
2023
and
I.
Think
I
am
hopeful.
I
don't
want
to
I,
don't
want
to
promise
anything,
but
I
am
hopeful
that
we
will
exceed
some
of
our
what
we're
budgeting
now,
but
we
are
trying
to
be
conservative
in
our
bedroom
estimates.
I
mean
and
sort
of.
I
We
made
a
request
to
casino
and
we're
going
to
hear
back
from
them
and
I'm
going
to
send
her
a
kind
from
your
lender.
I
D
Well,
that
dovetails
the
end
of
the
question
I
had
for
now,
which
is,
if
you
could
untangle
a
little
bit
the
the
request
for
the
rent
agreement
or
whatever
exactly
it
is
because
it
wasn't
totally
clear
to
me
where,
where
the
hit
is
going
to
be,
if
if
it's
the
IRA,
that
loses
the
money
or
if
it's
a
scary,
slash
Casino
or
a
combination
and
what
the
logic
was
there,
it.
B
Might
be
helpful
to
take
a
look
at
the
bia's
plan
that
that
they
developed
for
you,
know
Assist
the
Indianapolis
in
recovery,
because
it
it
part
of
it
was
rent.
You
know
there
was
kind
of
a
four-part
strategy.
B
A
little
bit
already
through
the
work
of
the
board
members
to
have
the
assessor
take
a
look
at.
B
And
there
and
there's
an
effort
to
try
to
lock
that
in
long
term,
with
maybe
a
discussion
with
the
IBA
to
to
consider
whether
they
would
be
interested
in
approving
that
pilot
agreement,
given
the
nature
of
a
not-for-profit
use
and
that
the
rents,
you
know,
the
taxes
are
just
passed
through
to
synopsis.
B
G
B
Put
in
a
sign
that
was
part
of
that
construction
project
budget
sign
is
up
after
a
long,
wait
and
they've
opened
up
the
entrance
area.
Now
that
some
of
the
construction
has
has
focused
on
the
building
rather
than
being
out
in
the
street,
so
they
clean
that
area
put
a
hard
wall
up
adjacent
to
this
theater.
B
There
will
be
further
improvements
going
on
as
part
of
the
project,
because
the
entire
area,
the
front
entrance
of
the
theater,
will
be
a
landscape
area
with
benches
and
Vines,
presumably
growing
up
to
the
parking
garage
and-
and
there's
already
been,
you
know,
improved
Lighting
in
that
area
and
those
kind
of
amenities.
So
there's
still
some
place
to
go.
B
But
to
get
to
your
point
here,
the
rent
reductions
were
viewed
as
an
important
early
component
and
it
was
hopeful
that
both
both
landlords
would
participate
being
the
IRA
as
a
position
there,
because
because
green
pays,
IRA
and
then
I
read
is
that
money,
the
citrines
they
have
money
over
in
the
city,
but
the
rent
that
the
IRA
charges
Bloomfield
and
is
about
3
600
a
month
and
the
rent
that
cinemapolis
pays
to
bloomfield's?
B
About
fourteen
five
or
something
like
that
a
month,
so
it's
three
times
more
because
they
had
a
developer
had
to
take
a
you
know
a
dark,
cold
box
and
make
it
into
a
theater
space.
Essentially
so
Bluefield
Sean
has
indicated
they
don't
particularly
have
a
strong
interest
in
providing
any
further
abatement.
They
did
update
50
of
the
January
rent
if
I
understand
it
right,
but
they
have
not
indicated
that
they're
they're
going
to
participate
any
further
rent
reduction.
B
So
in
this
case
you
know
that
was
probably
seven
thousand
and
they're
asking
for
the
IRA
to
support
the
reduction
for
about
forty
four
thousand
dollars
would
be
one
year's
rent
that
would
have
been
due
to
the
IRA.
So
this
resolution
here
would
prove
that
when
your
rent
reduction,
so
the
the
city
in
the
area
would
receive
no
rent
in
the
2023,
and
that
would
resume
again
on
the
normal
schedule
in
2024.
C
B
I
A
B
One
would
be
the
agenda
between
the
IRA
and
two
degree,
and
there
would
have
to
be
a
second
addendum
with
Cinepolis
and
Cuba
green,
which
would
basically
recognize
the
savings
that
they're
gonna
that
they're
going
to
receive
from
the
IRA
and
pass
those
along
the
synops
I.
I
Would
say
that
part
of
the
luck,
dance
kind
of
part,
okay,
we're
going
to
provide
further
relief
in
terms
of
rent,
is
that
a
significant
factor
in
our
sort
of
limited
recovery
from
the
pandemic
has
been
the
construction,
and
that
was
a
reason
why
they
felt
it
should
be
equal
right
right.
But.
A
Right
they,
so
you
can,
we
can
slap
our
hands
all
we
want
about
the
construction,
but
if
you
guys
are
not
in
business
sure.
D
I
C
B
Not
exactly
right
now
we
had
an
eight-year
commitment
to
reduce
the
rent
by
7
500
a
month
for
the.
B
That
is
now
expired,
so
that
was
in
response
to
Kruger
green
saying
we're
taking
the
risk
of
bringing
in
an
after-profit
theater.
If
it
goes
out
of
business
in
the
first
eight
years,
we're
gonna
have
to
remarket
it
to
reduce,
and
we
need
the
city
to
support
that.
Okay,.
I
So
I
would
say
this
and
yes,
they
lose
the
rent
but
they're,
also
in
a
situation
where
their
property
value,
maybe
going
out
very
soon,
I
think
it
is
on
the
city
of
whether
or
not
I
I,
think
there's
as
I
said
great
value
in
having
this
cultural
resource
and
downtown
I
think
it
benefits
the
entire
cultural
and
ecosystem
that
surrounds
it
and
I
think
it
makes
sense
to
make
an
investment
in
our
future.
D
B
No,
because
the
the
structure
of
the
week
between
the
city
and
the
IRA
is
that
the
IRA
passes
on
any
rent
it
collects
from
release,
we
don't
collect
it,
we're
not
obligated
to
pass
it
on.
We
do
want
to
run
it
through
the
mayor,
who
has
already
indicated
that
the
IRA
supports
history
supports
it.
So
the
mayor
is
supported
as
well.
G
I
Has
already
happened
so
we
are
reducing
our
tax
costs
and
that
helps
us
achieve
a
pilot
agreement
on
board.
F
So,
as
you
said,
if
the
property
value
increases,
tax
liabilities.
E
The
property
was
assessed
at
one
million
450
000
and
it's
been
reduced
to
700
a
month,
so
we've
gotten
sorry
and
we're
going
through
the
Ida
to
get
the
property
taken
off
the
tax
Rewards
and
please
ultimately
we'd
like
to
own
the
property.
But
then
the
tax
law
is
to
be
taxation.
E
C
I
E
Will
be
able
to
because
a
mortgage,
because
somebody
wouldn't
have
the
thing
about
the
idea
on
the
property
at
least
saving
it
back
to
keep
the.
I
Tax
acceptance,
it's
definitely
an
entrepreneur
exploring
I,
don't
I
can't
say
it
we're
trying
to
keep
our
heads.
D
They're
done
several
questions,
so
is
kayuka
green,
wait.
It's
it's
cinemapolis.
The
only
thing
that
puga
dream
does
on
this
property.
Does
it
have
other
tenants
or
businesses
on
this
property.
B
D
B
D
All
right
so
no
other
image
issue
so
in
the
history
of
all
this,
why
didn't
the
city
just
lease
to
Seventh
Generation?
In
the
same
way,
the
city
leases
are
most
likely
in
the
hangar
theater.
D
D
D
D
D
G
E
E
D
Kitchen
owns
its
space.
Yes,
what
would
be
other
examples.
E
And
the
burden,
the
burden
of
the
rent
back
in
2019
we
had
over
900
000
in
ticket
sales
in
2022
we
had
279
thousand
dollars
in
ticket
sales,
so
we
suggested
to
the
landlord
I:
don't
have
a
minimum
basic
point
percentage
of
sales
in
the
middle,
the
percentage
that
we
won't
be
paid
in
2019
as
as
a
ticket
sales
thing
and
that
one,
but
we
haven't
been
able
to
successfully
get
that
done.
C
A
B
Yeah,
so
Public
Authority
law
indicates
that
unless
the
IRA
is
specifically
authorized
by
Statute
to
make
grants
or
loans
were
prohibited
for
making
grants
and
loans
with
IRA
funds,
we
can
use
cdbg
funds
to
make
cdbg
loans
and
grants
or
Home
Loans,
but
we
can't
use
our
own
money
to
do
that.
So
this
is
not
a
project
that
has
any
see
the
VGA
or
home
or
udag
funding
in
it.
So
therefore,
we
can't
just
directly
take
rents
collected
that
the
IRA
will
temporarily
own
and
have
possession
of
and
and
make
a
grant
back
to,
Cinepolis.
D
B
F
D
Out
at
me,
I
was
surprised
that
the
payroll
number
for
2022
was
a
pretty
good
chunk
higher
than
in
the
you
know,
the
the
banner
years
of
2018
and
2019..
I
Was
a
bad?
There
was
a
position
that
was
newly
created
in
that
year
or
general
manager,
because
the
operation
of
theater
had
gotten
to
a
place
where
that
investment
made
sense.
So
there
was
an
additional
full-time
staff
member
that
staff
member
is
not
currently
at
least
now
as
we're
reducing
costs.
But
that
is
one
reason
for.
D
I
We
were
I
should
mention
this
I
think
we
opened
in
2021
at
half
capacity,
and
then
we
were
open
in
April
of
2022
at
full
capacity
and
our
theaters
could
be
under
the
table
Tuesday.
Even
if
we
had
said
in
2021
in
June
2021
when
we
opened
our
doors
I
think
even
it
being
said,
we
didn't
even
know
our
theater,
that
that
was,
you
know
an
option:
I
I'm
I'm
skeptical
that
we
wouldn't
have
reachable
capacity.
So
we
were
open
and
even
2021..
I
We
were
fully
that
we
were
able
to
offer
full
capacity
seating
in
April
I,
just
I
wanted.
D
G
B
So
that
was
the
focus
of
the
mitigation
plan
is
written
out
and
there
was
money
set
aside
to
make
sure
that
if
they
had
to
be
relocated,
they
could
be
set
up
in
another
venue
by
changing
the
construction
mode
from
precast
concrete
to
poured
concrete,
they
were
able
to
figure
out
a
way
with
some
additional
investment
in
the
structural
components
above
the
cinema
to
avoid
dislocation
so
that
that
was
the
focus
of
that
effort
being
in
the
construction
zone
and
surrounded
by
construction
is
never
a
pleasant.
You
know
scenario
for
any
business.
B
Everybody
on
the
commons
experienced
that
for
way
too
long,
two
or
three
years-
and
this
is
a
very
lengthy
construction
project
as
well,
because
it
was
a
sequence.
First,
you
had
to
do
the
parking
garage.
Then
you
can
move
over
to
closer
to
City
Hall.
So
it's
been
an
extraordinarily
long
construction
process
and
you
know
construction
has
a
tendency
to
have
people.
Customers
avoid
construction
zones
just
naturally
and
I
think
that's
not
helping
the
scenario,
but
there
is
still
there's
an
ongoing
discussion
with
Casino
about
how
they
can
help
assist.
B
They
want
to
see
the
cinema
Thrive,
as
well
as
the
owners
of
the
housing
adjacent
house,
so
I
think
there's
still
an
ongoing
discussion
there
and
they
have.
B
In
making
the
work,
the
area
in
front
of
Cinepolis
a
better,
more
visible
location
and,
finally
being
able
to
get
to
those
things
like
putting
in
signs
and
the
overhead
lighting,
that's
you
know
improving
that
area,
but
it's
kind
of
one
of
these
things
where
the
payoff
is
in
the
future
and
the
pain
is
in
the
current.
I
Exactly
I
certainly
understand
the
point
about
the
sort
of
the
letter
of
the
San
Marcos
indication
fund.
I.
Think
it's
also
worth
considering
sort
of
a
spirit
of
the
of
you
know,
conversations
that
happened
as
this
project
was
being
implemented
and
I
as
I
stepped
into
this
role.
I
looked
back
at
Erp.
I
G
A
Consuming
yeah
all
right,
we
have
the
revised
report
like
in
front
of
us
now.
Thank
you
Mouse,
just
to
make
sure
we
understand
if
this
is
doing
what
we
wanted
it
to
do,.
C
B
We're
trying
to
clarify
how
ensuring
that
any
internal
assistance
in
terms
of
the
rent
abatement
to
their
landlord
gets
passed
to
synopsis,
and
we
know
that
that
will
occur.
The
numbers
in
parentheses
here
are
are
will
need
to
be
refined,
but
essentially,
what
we're
saying
is
that
they've
they've
paid
rent
to
the
IRA
through
May.
G
B
Now
we're
looking
at
the
rest
of
the
year
so
we'll
take
the
money
that
was
paid
to
the
IRA
and
rebate
that
back
to
the
landlord
on
condition
that
they
then
provide
that
is,
rent
abatement
into
Cinepolis
in
June
and
July,
and
then
thereafter.
The
three
thirty
six
hundred
dollars
roughly
per
month
that
that
is
paid
to
the
IRA
will
be
abated
on
cinepolis's
rent.
B
That's
the
framework
for
what
we're
trying
to
accomplish
with
this,
and
there
may
need
to
be
some
more
worksmithing
on
this
as
we
get
closer
to
the
IRA
and
we
get
we'll
have
one
more
crack
at
it.
But
that's
the
framework
is
trying
to
one
say
that
the
IRA
is
going
to
participate
in
the
downtown
ethical
Alliance
is
Indianapolis
Assistance
Plan
through
a
rent
abatement
process
right.
G
B
So
that
would
be
the
role
of
the
IRA
would
be
looking
for
a
casino
to
play
a
role.
You
know
you
know
they've
already
started
to
to
make
some
other
improvements
in
the
area,
but
also
encouraging
them
to
also,
you
know,
play
a
positive
role
in
the
recovery
of
vicinity
and.
B
A
G
G
B
We
would
look
for
a
different
approach,
so
we
can
tighten
that
up
that
the
renovate
you
know
shall
be
contingent
upon
the
signing
of
of
their
of
their
lease
agreement.
C
B
No
well
right,
they
won't
get
anything
from
us
until
they
sign
that,
but
also
we
want
to
see.
H
A
F
I
I
mean
they
would
not
continue
passing
on
savings
that
they
aren't
receiving
us.
So
we
are,
as
I
said,
with.
I
With
kind
of
green
about
the
future
of
our
lease,
so
we
are
facing
some
uncertainty.
We
are,
as
I
said,
also
hopeful
about
opportunities
that
are
on
the
horizon,
as
the
construction
completes
hopefully
early
in
2024,
and
you
know
we
continue
to
see
our
resurgence.
A
Right,
that's
why
I
was
just
asking
him:
financials
I
mean
you're
projecting
this
is
before
the
event
about
your
projections.
150
000
a
lot
right,
so
with
the
abatement
you
can
get
that
down
to
110.
Let's
say
you
still
need
to
turn
that
around
Plus
cover
next
year,
like
the
next
six
months,
rent
next
year,
I'd
rather
yeah-
to
build
and
do
this
all
over
again.
G
B
In
2020.,
where
will
we
be
there?
I,
don't
know
I
mean
that's
a
good
question.
B
H
E
B
Other
the
other
issue,
I
think
is,
is
a
successful.
Lease
negotiation
is
important
for
the
welcome
future,
because
the
current
rent
structure
increases
rent
if
they
go
for
the
five-year
renewal
and
if
they
know
that
the
IRA
is
going
to
reduce
rent
at
that
time.
They'll
just
consider
that,
as
part
of
their
assumed
assumption
that
money
is
available,
I.
I
Don't
I
mean
I,
wouldn't
necessarily
not
I,
don't
know
that
A
continuing
abatements
our
negotiation
prospects.
D
B
Yeah
I
guess
perhaps
but
you're
making
a
case
that
they're
not
in
a
position
to
assume
an
increase
in
the
risk
and
if
they
look
at
your
financials
and
you
don't
and
there's
a
reduced
rent,
but
there
you
go
that
somehow
the
area
is
subsidizing
it
for
a
period
of
time.
I
You
know
I
I,
think
that's
a
Communications
challenge.
We
would
manage.
G
B
G
D
B
A
D
A
Go
to
the
full
Ira
on
25th,
the
fourth
Thursday
of
the
month,
yeah
25th
of
May
or
final
adoption.
H
A
B
So
the
IRA
signed
a
or
designated
Urban
core
LLC,
John
guthrick's
being
the
lead
person
representing
them
as
a
sponsor
to
undertake
an
urban
renewal
project
at
the
end
of
Cherry
Street
about
six
acres
of
land,
the
IRA
homes.
B
C
B
Later
John
has
periodically
updated
me
with
potential
new
schedules
waiting
for
the
pandemic
to
kind
of
clear,
but
at
this
point
when
I
asked
him
if
he
was
still
ready
to
move
forward
on
the
project,
he
said.
No,
he
wasn't
at
this
point
in
time
due
to
other
projects,
he's
got
going
on
the
change
in
the
banking
and
lending
market.
B
Cost
of
Interest
has
gone
up,
he's
kind
of
the
projects
he's
working
on
and
he's
concerned,
based
on
a
Hospitality
based
use
about
the
surrounding
land
uses
and
the
encampments
that
have
occurred
in
those
areas
and
noting
how
one
social
media
you
know
comment
can
really
undermine
the
hospitality
industry.
B
When
other
customers
look
for
comments
and
if
there's
a
negative
review,
it
can
be
very
impactful
apparently
in
terms
of
the
business,
so
he
thought,
for
those
reasons,
he's
not
ready
to
move
right
now,
he's
not
saying
he
would
never
be
interested,
but
he's
certainly
not
ready
to
move
on
a
on
a
pine
schedule
that
he
can
frame
so
or
the
point
where
we
passed
the
resolution
to
designate
them
as
a
sponsor.
B
Usually
we
put
timelines
in
the
exclusive
negotiation
agreement,
but
we
never
got
to
the
exclusive
negotiation
agreement
because
of
the
pandemic,
so
to
clear
up
that
that
this
this
sponsorship
or
this
you
know
encumbrance
to
someone
speak
on
the
land
is
no
longer
in
place.
We
would
need
to
take
an
action
to
rescind
the
designation
and
make
it
really
clear
that
the
city
and
the
area
have
options
on
how
to
go
forward
with
the
future
of
this
land.
B
A
I
think
that
makes
sense
honestly
like
and
if,
if
he
or
somebody
else
wants
to
what
was
all
that
puts
us
back
what
anyone
else
can
come
forward
when
the
report
was
always
I
think
is
generally
good
and
second
I've
seen
at
someone
your
dinner
position,
you
know
you
know
he'll
come
back,
is.
D
D
Well,
there's
a
couple
weird
things
in
the
resolution:
first,
it
says
2027.
D
there's
plenty,
it
pretty
sure
hasn't
come
yet
and
then
the
third,
whereas
there's
some
strange
something
going
on
various
a
good
faith.
Efforts
by
the
sponsor
advance
that
estimated
somebody
needs.
A
H
D
Various
good
face
efforts
by
the
sponsor
to
advance
the
estimated
12
million
mixed
use,
Hospitality
focused
project
and
put
there's
no
verb.
We
need
a
verb
somewhere,
it
should
take
out
the
butt
Hospitality
project
comma,
including
space
production
challenges,
face
challenges
from
the
lingering
effects
of
the
pandemic.
A
B
So
would
you
like
to
have
a
proactive
marketing
effort
for
this
property
I?
Think
it's
appropriate
time
now
we
can
go
with
this
small
kind
of
like
just
put
the
word
out
that
it's
the
modest
thing
we
could
go
in
full
morning
with
the
broker
looking
for
developers,
but
it
is
that
an
interest
has
been
expressed
by
private
market
for
residential
use.
In
the
past
we
get
calls
like
we'd
like
to
do
housing
here.
Housing
is
not
allowed
on
us.
In
this
example,.
C
A
H
A
And
then
I'd
like
to
see
the
city
kind
of
get
some
clarity
for
how
it's
going
to
deal
with
new
candidates
right
and
I
know.
There's
a
number
of
proposals
being
discussing
at
the
common
Council
right,
I.
Think
when
it's
clear
what
the
land
use
issues
will
be
down
there
with
respect
to
unhappy
people
and
there's
a
bridge,
then
I
think
we'll
know.
A
D
B
It
wasn't
really
a.
It
was
more
a
more
an
accommodation
list
with
a
beverage
focused
beer,
cider
yeah.
A
C
B
The
end
of
seasonal
alone,
coming
across
looking
like
your
full
Channel
and
that'll,
be
the
Black
Diamond
Trail
way
to
cross
over
the
public
control
Channel
and
the
state
parks
has
been
acquiring
property
from
the
right
of
way,
leading
up
to
the
other
state
parks,
treatment
and
buttermilk,
and
you
know,
there's
a
segment
of
Buttermilk.
This
one
extended
now
right.
That
goes.
A
F
A
In
the
packet,
then
there's
a
resolution-
that's
not
on
the
agenda!
The
chair,
yeah
you're
right,
so
we
initially
add
that
to
the
agenda.
Let's
do
that.
G
H
A
A
A
nominated
chair
because
the
chair
has
to
be
approved
by
Ira
and
but
we
elect
a
recruit
Vice
chair
and
Doug
was
the
vice
chair.
That's
right
and
I
am
your
chair,
so
we
would
take
nominations.
C
A
C
A
D
H
A
Can
there's
no
share
a.
H
Agenda,
what
happened.
A
H
A
Recommended
by
the
mayor,
Derek
Adams,
South
Hill
resident
with
the
professor
of
English,
actually,
who
hasn't
expressed
interest
in
getting
more
involved
in
City,
volunteer
activities.
Awesome
I
had
a
really
good
conversation
with
them.
He
is
actually
a
recipient
of
the
NHS
Sport
and
how
cities
and
now
so
very
much
really
was
one
of
our
programming
and
it's
very
interesting
actually
and
and
learning
how
we
keep
contributing
further
the
rest
of
our
NBC
members.
A
That's
great
financials
is
there
anything
you
want
to
highlight
bills,
the.
B
Loan
repayments
look
good,
even
though
we're
showing
past
due
for
Sons
of
Susan,
which
is
personally
less
Brewing.
They
are
current,
as,
as
of
today
same
with
the
lease
payments.
B
Don't
hold
that
actually
Lisa
Nicholas
was
at
the
site
trying
to
get
through
the
last
permitting
requirements
that
they
have
to
go
through.
I
think
they're
talking
about
a
soft
opening
next
week
and
then
going
public
for
the
following
week.
If
they
get
through
every
Last
Detail,
they
have
apparently
27
different
viewers
ready
to
go
and
four
but
they're
all
in
their
vessels.
Right
now
it's
been
a
long
call
with
that
man
and
a
long
wait,
because
we
approved
this
in
July
last
year.
B
We
just
just
recently
finished
the
last
loan
disbursement
at
the
end
of
the
month.
So
that's
it's
been
this
very
slow
process.
It's
a
very
impressive
interior
when
you're
being
decided
so
all.
G
F
B
B
So
this
is,
this
is
a
was
it
a
one
percent
loan?
It's
internal
loans
assets
for
a
housing
project,
and
this
is
a
one
percent
loan
payable
due
subject
to
cash
flow.
F
B
D
F
B
It
was
structured
that
way.
These
are
usually
we're
paid,
we're
providing
assistance
to
reportable
housing
projects
as
a
grant,
but
because
they
they
funded
this
through
a
low
income,
housing
tax
credit
project.
It
was
viewed
that
the
grant
was
bad
money
that
didn't
bring
in
tax
credit
Revenue
Equity,
so
they
preferred
it
to
be
a
very
low
interest
loan
for
30
years,
that
is,
is
structured
to
be
repaid
essentially
at
the
end
of
the
30-year
term,
and
how
long
when
there
was
it
been
what
2012
it
was
issued.
B
B
G
B
I'll
check
with
our
account
on
that
how
she
arrived
that
number.
There
may
be
a
more
complicated
answer
than
just
what's
showing
here,
because
it's
just
kind
of
a
summary
of
the
loans
and
sometimes
there's
some
special
terms
that
we
don't
pull
into
the
loan
repayment
schedule.
But
the
loan
balance
should
be
correct.
That
looks
questionable.
G
A
I
think
we
have
a
little
bit
of
time.
We
can
do
an
executive
session
three,
but
if
it's
also
just
information,
sorry
I
would
make
a
motion.
We
do.
An
executive
session
to
discuss
oppose
depending
on
current
motivation,
could
be
IRAs
or
seconds
in
a
second
all
right.
So
we'll
return
to
the
little
room.
Yeah.
B
We'll
put
the
we'll
stop
the
streaming
and
resume
to
come
back
out
of.