►
Description
Call to Order
• Approval of Minutes from September 7th, 2021
• Claims Approval
• Old Business:
o Monthly Financial Review
o READI Grant Update
• New Business:
o Proposed Madison Industrial Park Subdivision
o Clifty Commercial Properties, LLC Economic Development
Agreement Compliance
o Declaratory Resolution Amending the North Madison and Northwest Madison Allocation Areas
• City Matters/Updates-Mayor Courtney
• Next Meeting Date: November 2nd, 2021 @ 3:00 pm
• Adjourn
A
Board
good
afternoon,
we'll
get
started
here
in
a
second.
We
were
tying
in
a
couple
people
who
couldn't
be
here
physically,
so
we
were
conferencing
them.
C
A
Thornburg,
he
is
our
attorney
for
tiff
matters
and
joe
jenner
may
call
in,
but
he
is
in
transit.
Then
we
also
have
parker
criswell
on
the
phone
who
is
with
our
financial
advisor
financial.
D
All
right
we'll
call
to
order
the
october
14th
meeting
of
the
master
redevelopment
commission
first
order
of
business
is
the
approval
of
minutes
from
the
september
7th
meeting.
Has
everybody
had
a
chance
to
review
those?
D
Next
order
business
claims
approvals,
there
are
a
few
that
have
been
circulated.
I
think
to
the
group.
Can
I
get
a
motion
to
approve
the
claims
still
moved?
Second,
all
in
favor,
okay,
great
old
business,
from
their
monthly
financial
review.
A
D
A
Just
mention
that,
on
page
six
of
the
financial
review
with
regard
to
north
madison
allocation
area,
our
monthly
cash
balance
is
sowing
showing
two
large
capital
outlays
for
november
and
december,
and
that
ties
directly
to
kind
of
what
our
pro
forma
capital
outlays
would
be
on
page
seven,
a
lot
of
that
has
to
do
with
stellar
and
other
things
that
are
fluid
with
regard
to
the
date
in
which
we
actually
expend
that
money.
A
I
just
wanted
to
assure
the
redevelopment
commission
that
we
would
not
go
into
any
negative
territory
and
we're
still
evaluating
quite
a
few
of
those
stellar
projects
and
other
capital
proposed
capital
outlays,
and
then,
where
the
goal
is,
as
we
approach
your
end
and
we,
we
have
some
definitive
response
on
the
ready
grant
monies
that
we've
applied
for
then
we
can
really
finish
up
our
capital
plan
for
2022,
and
so
what
I'll
do
is
I'll
work
with
parker
to
refine
this
and
then
get
you
a
new
sheet
out
that
that
does
not
reflect
those
capital
outlays,
because
we,
for
example,
you
know
the
clifty
drive
sidewalks,
for
example,
that
project's
not
starting
till
next
year
crystal
beach.
A
We're
having
a
groundbreaking
on
it,
but
that
money
is
not
going
to
be
needed
until
next
year,
we'd
already
sent
the
ohio
theater
payment
in
and
then
there's
some
other
larger.
You
know
really
ambitious
things
that
we
have
talked
about.
That's
part
of
our
redevelopment
plan,
but
from
a
timing
perspective
they're
not
going
to
happen
in
the
fourth
quarter
this
year,
so
we'll
refine
this
and
move
them
into
the
property.
C
D
A
I
think
that's
a
really
good
point,
which
is
where
we
have
a
separate
page
already
for,
like
rdc
contracts
and
debt
overview,
a
separate
tab
for
capital
outlays.
You
know,
as
we
progress
through
the
year,
would
really
make
that
easy
to
identify
yeah
we'll
do
that
any
other
questions
for
carson.
D
Great,
thank
you
ready
grant
update
if.
A
Possible
I'd
like
to
defer
that
to
just
updates
at
the
end
of
the
meeting,
so
we
can
move
on
with
new
business.
Okay,.
A
Attached
to
the
package
is
a
proposed
subdivision
plan.
We
had
started
working
on
this
several
months
ago
and
now
it's
really
starting
to
take
shape,
there's
approximately
12
acres
of
land.
The
redevelopment
commission
owns
that
is
on
shunt
park.
That's
part
of
the
madison
industrial
park.
This
is
actually
on
the
west
side
of
shun
pike.
A
We'd
like
the
board
to
move
to
approve
the
subdivision
of
that
12
acres,
as
proposed
here
then
we'll
take
the
next
steps,
which
is
to
go
to
the
plan
commission
to
actually
affect
the
subdivision
record,
the
revised
plat,
and
then
we
can
start
offering
those
parcels
for
sale
individually
and
just
and
really
create
some
parameters.
What
type
of
businesses
we'd
like
there?
But
we
do
get
inquiries
quite
a
bit
for
smaller,
smaller
tracks
outside
of
the
industrial
park.
D
So
no
questions,
then,
can
I
get
a
proposal
yeah
proposal
to
approve
the
recommended
subdivision.
B
I
make
a
motion
that
we
approve
the
suggested
new
plots
or
changes
to
that
property
for
smaller.
I
think
that
it's
a
good
idea,
because
there
are
it's
easier
to
have
it
finished,
probably
easier
to
market
it.
That
way,
absolutely.
A
We
have
a
guest
here
today.
Sorry
was
there
a
comment:
okay,.
A
Today,
mike
flynn,
who
is
with
ice
miller-
and
he
is
a
representing
commercial
properties,
also
known
as
super
atv-
we
have
two
matters
on
the
agenda
that
deal
with
through
grade
tv.
The
first
is
clinton
commercial
properties,
llc's
economic
development
agreement.
Compliance
in
your
material
packet
for
today
is
a
copy
of
the
development
agreement
that
was
executed
by
the
redevelopment
commission
on
may
3
of
2019.
A
This
development
services
agreement
essentially
set
forth
incentives
of
2.6
million
dollars
with
a
forgivability
of
reimbursement,
commitment
in
section
5.02
that
that
had
certain
triggers
to
it.
I'm
collecting
information
from
the
developer
now
with
regards
to
compliance.
It's
mostly
based
upon
the
dollar
amount
of
investment
and
the
amount
of
jobs
that
are
created,
but
of
the
2.6
million
dollars.
Approximately
1.9
million
dollars,
which
is
the
first
tranche
to
be
first
two
tranches
to
be
forgiven,
does
appear
to
be
have
been
satisfied
with
regards
to
their
investment.
A
This
is
for
the
armor
project
in
particular
mike.
What
I
was
going
to
mention
to
you
is
that
we
presented
them.
The
information
we're
going
to
ask
you
for
a
representation
letter
and
then
the
board
will
take
it
under
advisement
now
and
then
we'll
come
back
to
our
november
meeting.
We'll
take
action
on
the
actual
affirmative
that
the.
A
Is
that,
okay,
if
you
do
you
want
to
come
in
turn
that
light
on
there
yeah.
F
According
to
the
agreement
there,
there
was
in
addition
to
that
there
was
supposed
to
be
five
million
dollars
of
capital.
Investments
been
done,
provided
with
backup
through
the
iec,
because
the
the
criteria
that
their
nurse
met
was
the
was
five
five
million
dollars
in
there
in
that
is
a
there
was
a
little
over
8.3
in
what
they
call
qualified
basis
from
the
iedc,
and
they
use
they
determine
qualified
basis
is
basically
a
very
hard
cost
equipment
need,
but
only
equipment,
that's
fixed,
okay,
not
not
any
other.
F
They
didn't
look
at
overall,
but
we've
exceeded
that
as
of
20
february
22nd
of
2021,
because
they
always
run
in
the
rear
problem
is
their
analysis
runs
in
the
rears.
F
F
Any
other
equipment
also
doesn't
include
things
like
acquisition,
cost
of
utility
costs
or
or
site
work
or
architects
engineers,
anything
that
we're
actually
close
to
13
million
spending,
so
so
that
they're
on
one
that
totally
meets
yeah
the
the
the
that
number-
and
in
fact
we
right
now,
are
going
to
finish
it
up
as
we
speak
and
again
they
run
in
the
rears
so
we'll
meet
that
more
than
exceed
the
the
commitment
of
the
five
million.
The
others
was.
F
The
the
other
amount
was
the
job
numbers
and
what
I
call
this
project
is
has
created,
and
so
the
the
requirement
was
they
had
to
be
over
18
and
50
cents
per
hourly
wage
without
including
not
including
benefits
and
and
what
I
did
provide
was
actual
documentation
that
idc's
reports
and
but
you
know
what
what
you
have
to
do
for
what
they
call
edge
credits
edge
credits
are
with
the
state,
is
on
based
upon
payroll
and
your
number
of
full-time
fte,
full-time,
equivalent
jobs,
full-time
equipment,
jobs
there,
and
so
we
were.
F
You
know
I
didn't
average
all
the
years
together,
but
I'm
just
telling
you
they
were
always
above
anywhere
between
22
to
23
an
hour
depending
upon
the
the
time
frame.
It's
kind
of
a
you
might
have
an
engineer
come
in,
but
then
you
also
might
have
somebody
in
logistics,
so
but
the
average
was
about
22
to
23
an
hour
and
then
also
as
there
was
over
70
79.79
jobs
as
of
the
end
of
last
year.
That
didn't
include
this
year.
F
So
again
those
those
things
we
do
on
the
rears,
it's
a
rear
reporting.
So
so
the
the
50
jobs
was
more
than
exceeded,
so
those
two
requirements
I.e
have
based
upon
your
developers
agreement
to
make
the.
A
A
The
the
measurement
interval
for
the
jobs
is
the
fourth
anniversary
after
the
acquisition
of
the
property,
whereas
the
capital
investment
was
essentially,
it
had
to
be
made
prior
to
four
years
of
the
acquisition
of
the
property
and
that's
clearly
been
met.
We'll
get
you
the
information
and
then
we'll
follow
the
the
cycling
agreement
for
the.
D
A
So
so
we
really
don't
even
have
this
on
the
balance
sheet
now
so
because
these
were
the
portions
of
the
bonds
that
were
essentially
paid
on
an
accelerated
basis.
So
when
this
bond
issue
was
done,
there
were
two
projects
in
it.
One
was
armored,
one
was
cotton
mill
and
the
redevelopment
commission
took
the
cash
that
was
in
the
redevelopment
commission's
account
at
the
time
and
repaid
the
bonds.
So
there
isn't
any
debt
that
the
city
or
the
redevelopment
commission
has
outstanding
related
armor.
A
D
F
D
F
And
that
was,
I
think,
treated
also,
because
that
bond
was
also
treated
as
a
grant,
and
that
may
be
why
it's
a
little
bit
different
on
that.
Okay,
for
that
2.6.
That
was
a
great.
That
issue
is
a
grant.
Yes,
we're
just
trying
to
clean
this
up
and
we'll
present
a
a
formal
representation
letter
with
you
know
again
the
backup.
Accordingly,
I
think
all
terms
have
been
met.
I
think
you
agree
with
that
yeah.
A
Very
welcome
mike
you
want
to.
Is
it
now,
mr
chairman?
Okay,
if
we
move
into
the
declaratory
resolution
amending
the
north
madison
or
northwest
madison
allocation
areas
before
mike
speaks
I'll,
just
mention
that
there
are
two
properties
involved
here.
B
A
A
Over
then
mike,
we
also
have
tom
pittman
on
the
phone,
who
can
also
walk
us
through
any
of
the
legal
questions
you
might
have
without
the
declaratory
resolution.
E
F
Okay,
hi
tom,
yes,
the
project
is,
is
twofold:
basically,
on
the
south.
B
F
The
existing
super
at
field
super
atv
tv
building,
there'll
be
an
additional
120,
000
square
foot
building
that'll
be
basically
right,
butting
up
against
the
other
building,
they'll
be,
and
so
with
that
they
will
then
also
as
part
of
that
project
is
totally
redo.
The
the
logistics
side
of
the
building
to
allow
for
they've
been
able
to
work
things
out
with
fedex
ups
and
others
to
have
direct
trucking
to
various
points
to
meet
their
priorities
of
being
able
to
deliver.
F
You
know
majority
places
in
continental
units
in
the
u.s
in
two
days
or
so,
and
then
there's
there
will
be
some
that
go
directly
to
the
west
coast
and
going
directly
go
to
the
go
to
florida,
so
they'll
be
having
space
that
part.
There
is
a
little
over
five
million
dollar
expansion
within
the
building
itself
for
the
logistics.
F
You
know
pieces
also
in
this
120
000
square
foot
again
will
be
used
for
combination
of
fabrication
and
manufacturing
is
in
this
hundred
and
twenty
thousand
square
feet
philly
is
is
now
their
be
look
they're
due
to
the
nature
of
steel
costs
and
and
construction,
and
the.
A
F
F
In
addition
to
this,
the
other
aspect
of
it
is
at
the
armor
building,
we'll
be
developing
a
innovation
center
clean
rooms.
Things
like
that
for
both
basically
for
r
d
purposes,
to
develop
new
product
lines,
also
to
do
quality,
control,
analysis
and,
and
also
just
overall
testing,
but
it'll
also
be
able
to
bring
in
and
as
other
companies
want
to
partner
and
etc.
To
try
their
products
out
at
the
it'll,
be
it'll,
be
an
innovation
center
at
the
armor
facility.
F
That's
also
another
piece
of
this
is,
is
that
you
know
there's
a
lot
of
activity
going
on
through
possible
other
acquisitions
and
that
you
can
say
that
very
aggressive
and
to
make
several
of
them,
mattis
will
become
their
headquarters
as
part
of
the
transactions,
so
it'll
also
bring
all
their
equipment
will
come
here
and
also
all
their
control
of
their
patents,
licenses
and
etc,
trademarks.
F
F
F
So
all
of
these
projects
that
that
I
discussed
with
including
all
the
various
equipment
et
cetera,
will
be
around
a
little
over
70
million
dollars,
and
you
know
the
job
numbers
you
can
run
there's
a
lot
of
gifts
because
of
acquisitions,
not
for
sure,
but
the
job
numbers
can
range
anywhere
between
250
to
307
jobs.
This
is
our
analysis
over
the
next
five
years.
The
construction
project
will
take.
Our
hope
is
for
the
construction
job
on
120
to
be
completed
rather
we'd
like
to
see
it
at
the
end
of
the
next
year.
F
A
Well,
I'll
just
make
a
couple
of
comments
here,
which
is:
we
recently
went
through
a
pretty
significant
economic
development
planning
about
the
workforce
and
we
met
with
all
of
our
industry
about
their
expansion
plans
and
their
workforce
needs.
We
incorporated
that
into
a
plan
for
housing
parks,
upgrades
infrastructure,
and
we
can
all
you
know
say
that
super
adb
has
been
a
fast
growing
company
and
we're.
A
Them
do
a
couple
of
things
here.
One
is
continue
to
invest
but
invest
seriously
in
madison,
so
this
declaratory
resolution
is
really
the
first
start,
the
first
step
in
the
process
for
the
bonding
that
would
be
required
to
provide
some
level
of
development
assistance
to
that
tom.
I
might
ask
you
if
you
want
to
touch
on
the
declaratory
resolution
or
maybe
what
it
what
it
does.
C
E
That
is
being
done
here.
The
probably
slightly
unusual
element
is
that
the
parcel
in
focus
here
are
already
in
existing
test
districts,
the
normal
process
and
and
what's
being
followed
here.
E
True,
then,
what
they've
done,
and
what
has
been
done
here,
is
to
analyze
what
would
happen
if
you
would
remove
particular
parcels
from
existing
tip
districts
then
put
them
in
a
brand
new
one.
Would
the
death
holders
be
negatively
impacted
by
doing
that?
You
can
envision
situations
where
it
would
reduce
the
security
for
bomb
voters
here.
E
And
in
that
case
it's
customary
then
to
you
know,
be
comfortable
going
ahead
and
plugging
those
puzzles
out
and
creating
a
brand
new
area.
So
that's
what's
being
done
here
so.
E
Recitations
on
that,
there
are
there's
a
discussion
of
this
gap
payable
from
those
existing
test
districts.
There's
a
confirmation
that
removing
these
parcels
wouldn't
wouldn't
be
harmful
to
over
the
debt
payable
from
those
industries
and
with
those
sort
of
findings,
then.
E
To
designate
this
the
company,
as
as,
what's
called
a
designated
taxpayer,
which
you
have
to
do
in
order
to
capture
the
appreciable
personal
property
them
along
with
the
standard,
real
property
tip.
So
I
I
I
didn't
draft
the
ordinance,
but
I
reviewed
it
carefully
and
it
looked
to
be
a
perfect
order
to
me.
D
E
Well,
no,
there
are
some.
There
are
some
bondholders
that
are,
let's
see
we
have
a
the
riverton
bond
issue,
that's
payable
from
some
of
the
parcels
involved
and
we've
got.
Let's
see
a
north
madison
tip
that
has
some
bombs
outstanding,
and
so
there
are
deck
holders
associated
with
these
particles.
E
But
but
if
you
run
the
numbers
on
how
well
protected
those
bond,
orders
are,
if
you
carve
these
parcels
out,
you
find
that
they're
still
well
taken
care
of
in
terms
of
the
projected
revenues
from
the
partial,
less
the
less
the
plucked
out
parcel,
so
so
you've
kept
them
safe,
you've
looked
out
for
them
and
that
that
puts
you
in
a
position.
Then
you
call
those
partials
out.
E
There
are,
there
are
death
issues
outstanding,
payable.
D
Then
the
second
question
is
on
you
said
they
will
carve
out
and
make
a
the
company
will
be
part
of
this
district.
What
if
it
gets
sold?
Is
there
anything
affecting.
E
That
yeah,
if
it
gets
sold,
I
mean.
Typically,
it
is
property,
that's
owned
by
this
company,
and
so
I
mean
the
company
itself
is
the
designated
taxpayer.
So
I
I've
never
had
that
situation
come
up.
A
What
you
would
what
you
would
do,
john,
is
to
protect
to
protect
the
city
and
the
tif
district.
You
would
have
certain
types
of
provisions
in
your
development
agreement
with
regards
to
clawbacks.
If
other
events
happen,
you
know.
Our
motivation
here
is
to
get
the
capital
investment
and
the
job
creation,
and
as
long
as
that's
happening,
then
there
wouldn't
be
any
issues.
So,
if
anything
that
impacted
that
you
could
have
clawback
provisions
like
we
have
in
the
existing
agreement
that
require
reimbursement.
A
If
certain
conditions
aren't
met
and
continue
to
be
met
generally
over
a
five-year
period,
then
you
could
call
on
the
developer
to
repay
money.
But
after
those
five
years
at
the
company.
C
E
The
boss
that
the
new
bondholder,
which
is
the
developer
here,
will
agree
that,
if,
for
any
reason,
we
will
require
them
to
agree
that
if,
for
any
reason,
the
tip
is
short
in
terms
of
being
able
to
repay
this
new
bond.
That.
C
E
E
Ask
for
them
to
say
in
writing
that
they
will
not
bring
an
action
against
the
city
except
to
unless
the
city
has
not
applied
available
to,
in
accordance
with
the
commitment
that
the
commitment
is
limited.
So
if
the,
if,
if
there's
been
sufficient
check
for
any
reason,
the
company
that
there
was
a
loss
with
no
liability
for
the
city.
F
Yeah
so
we'll,
basically,
if
it's
a
machine,
you
know
that
that
that
will
privately
will
hold
their
own
bonds.
So
if
they
don't
make
the
payments
you
know
they
haven't
come
up
with
whatever
the
gap
measure
is
over
that
time
period,
so
they're
at
100
at
risk,
there's
no
issuance
cost.
There's
no
issuance.
F
E
Yeah
now
let
me
let
me
try
a
minute
if
I
may
I
mean
mike
the
timetable.
E
F
Yeah,
I
think,
and
part
of
this
is
as
we
work
through
this
resolution
just
so
we
can
start
the
process
and
right
and
have
these
discussions
accordingly,
yeah,
and
rather
a
is
it
do
you
you
know,
do
you
place
the
bomb
you
know?
Does
the
developer
place
the
bond
with
an
institution
per
se,
his
own
bank,
or
does
he
hold
it
direct
there's.
A
F
G
A
It
is
a
major
major
part
as,
as
is
the
expansion
plans
for
our
other
industry
in
the
community
that
feeds
into
our
population
growth
and
our
rising
property
values
and
improving
our
economy.
So
I
don't
see
any
any
downside.
What
we've
got
to
figure
out
is
again:
what
is
the
financial?
A
What's
the
financial
structure
and
that's
what
we'll
work
out
with
the
projections
and
then
come
back
to
you
separately
than
the
declaratory
resolution
that
has
to
go
through
planning,
commission
and
council
process
and
then
just
like
you
did
with
cotton
mill
and
armor,
we'll
work
out
a
development
agreement
that
talks
about
the
increment
tax
revenue
that
we
will
be
sharing.
That's
what
we're
talking
about
here
is
creating
increment.
That's.
A
The
whole
purpose
of
the
tip
district
is
to
grow
property,
tax
values
and
reinvest
it
in
our
district,
so
that
we
can
create
more
revenue
and
do
more
investment.
So
I
think
I
can't
think
of
a
downside.
Frankly,
particularly
if
we
do
what
tom
is
mentioning,
which
is,
you
have
clawbacks
and
other
provisions
that
protect
us
on
the
downside
as
a
release
of
this
specific
project.
Okay,
hope
I
answered
your
question.
F
I
think,
if
I
may,
on
that,
the
only
little
thing
is
is
that
so
the
developers,
if
he
sold
the
bond
et
cetera,
is
taking
the
risk.
You
know
his
own
risk
of
not
making
those,
let's
say
those
those
tax
payments.
Okay,
what
we
have
here
in
developing
is
because
there
are,
you
know,
will
be
a
more
of
a
formula
basis
and
as
this
you
know,
as
a
project
could
speed
up
or
expand
and
accordingly-
and
so
it's
and
you
know
so,
the
any
shortfalls.
That's
that's
the
developer
risk.
F
C
G
C
E
So
if
and
to
the
extent
they
do
what
their
intention
to
do,
it
should
generate
the
increment
they
expect,
but
for
any
reason
the
tip
is
insufficient
from
their
projects.
They
understand
that
the
city
doesn't
own
anything.
That's
right.
D
A
Okay,
we'll
get
we'll
fill
that
in.
Mr
president,
what
we
would
need
is
a
motion
to
approve
a
resolution
amending
the
declaratory
resolution
of
the
mass
and
redevelopment
commission
removing
these
parcels
as
entitled
to
this
document.
Basically,.
D
So
we
get
the
resolution
number,
but
it's
an
amended
declaratory
resolution
of
the
master
redevelopment
commission,
removing
parcels
from
the
north
madison
economic
development
area
allocation
area
and
the
city
of
madison
northwest
allocation
area
to
create
the
super
atv
allocation
area
within
the
north
madison
economic
development
area
and
amendments
economic
development
plan.
So
can
I
get
a
resolution
or
motion
to
approve
I'll
make
the
motion.
A
Second,
all
in
favor-
and
we
want
to
know
dr
studebaker's.
C
A
A
D
A
Board
we
are
still
working
through
local
planning
for
the
receipt
of
approximately
2.4
million
dollars.
American
rescue
plan
act
monies
we
receive
that
in
two
tranches.
City
council
approved
a
local
plan,
a
lot
of
it's
going
to
be
dedicated
to
storm
water
infrastructure
because
of
the
floods
that
we've
experienced.
A
But
I'll
fill
you
in
more
more
on
that
we
have
we're
working
on
really
two
major
water-related
projects:
one's
for
storm
water
and
one
is
drinking
water.
A
So
we
are
in
the
process
of
working
through
all
of
the
rate
analysis
for
the
drinking
water
and
we
are
working
with
the
army
corps
of
engineers
for
the
storm
water
risk
management
planning,
particularly
to
to
mitigate
the
impact
from
future
floods
in
the
northwest
street
area.
Where
we've
experienced
two
two
flash
floods
in
the
last
six
years,
we
continue
to
recruit
for
a
new
executive
director
for
the
economic
development.
We
have
our
job
posting
out
on
several
professional
economic
development.
Related
platforms,
we'll
keep
you
posted
as
those
resumes
come
in
and
then
we'll.
A
If
we
decide
there's
somebody
who
can
interview
we'll
pull
you
in
on
that,
the
parking
downtown
parking
study
that
the
redevelopment
commission
is
funding
is
underway,
they'll
be
in
town
actually
this
week
through
saturday,
I
think
tomorrow
and
saturday
they're
actually
doing
their
drone
review
of
the
the
district
that
we
outlined
for
the
parking
study
and
plans
to
have
that.
A
You
know
finished
by
the
end
of
november
to
report
back
to
the
board
and
like
with
the
sidewalk
asset
management
plan,
that's
going
to
provide
some
really
useful
information
for
us
from
a
policy
perspective
and
also
where
we
need
to
invest
and
how
much
we
should
invest
in
parking.
But
if
you
ever
come
downtown
on
a
a
weekday
and
a
weekend,
there's
parking
constraints.
A
You
know
really
all
over
town
we're
trying
to
figure
out
how
best
to
manage
it
and
whether
or
not
we
need
to
invest
in
either
other
surface
lots
or
a
parking
garage
and
then
lastly,
I'll
just
mention
on
the
grocery
store
front.
We
have
we're
in
the
process
of
working
with
our
developer
consultant.
We've
identified
probably
another
half
a
dozen
potential
prospects
and
we
are
compiling
new
census
data
and
a
new,
a
new
marketing
package,
essentially
to
give
to
potential
grocery
store
operators.
A
That
still
is
our
number
one
downtown
development
priority,
but
it
is
a
it's
a
really
key
ingredient
with
our
destination
madison
development
plant
that
was
part
of
the
southern
indian
rda's
application
to
iedc
for
the
raid
grants.
So
out
of
that
plan,
we've
applied
for
approximately
six
million
dollars
in
grant
funding,
which
would
facilitate
approximately
85
to
100
million
dollars
of
new
investment
downtown.
A
That
will
also
be
a
compliment
to
our
development
plans
on
the
hilltop
two,
as
I
mentioned,
our
workforce
related
development
plans
on
the
hilltop,
but
we're
working
on
a
number
of
fronts
and
excited
about
the
prospects
of
receiving.
You
know
several
millions
of
dollars
of
grant
funds
from
ready.
That
will
then
be
levered
in
with
private
investment
and
local
match
to
facilitate
a
substantial
amount
of
development
over
the
next
three
years.
A
Lastly,
I'll
mention
we
have
a
groundbreaking
for
the
start
of
the
restoration
for
crystal
beach
on
monday.
At
one
o'clock,
I
believe
it
is,
it
took
us
a
while
to
work
through
the
final
elements
of
a
construction
contract
with
a
pool
group
which
we
awarded
the
contract
to,
and
then
we
also
had
to
do
a
lot
of
site.
A
A
That
was
a
primary
project
that
redevelopment
commission
is
funding
in
addition
to
a
two
million
dollar
grant
we
received
from
oprah,
so
we're
happy
to
see
that
underway
and
then
in
the
stellar
meeting
yesterday
carrier
was
there.
We
gave
an
update
on
construction.
Progress
with
the
ohio.
Theater
has
gone
really
well.
A
We
funded
a
quarter
million
dollars
for
stabilization
that
work
is
completed
and
and
there's
just
a
tremendous
amount
of
development
activity
going
on
all
across
the
community,
whether
it
be
pace
or
city
or
private
investment,
industry,
expansion,
innovation,
housing,
quality
of
life,
property
acquisitions
by
the
city
and
the
redevelopment
commission.
So
we
have
a
good
plan
and,
as
I
mentioned
before,
as
we
get
closer
to
know
what
monies
we're
really
gonna
get
from
ready
that
will.