►
From YouTube: August 13, 2018 Ways & Means Committee
Description
Minneapolis Ways & Means Committee Meeting
A
Good
afternoon,
everyone
today
we
have
our
not
regular
scheduled
meeting
for
the
way.
That
means
because
that
shouldn't
happen
on
Tuesday,
however
Tuesday's
election
day
and
we
meeting
like
forward.
So
thank
you
for
coming
I'm,
the
chair
of
the
committee
counsel,
Abdul
Sami
and
we
are
joined
by
councilmembers,
Johnson
Fletcher
and
vice
president
Andrea
Jenkins,
and
we
are
a
quorum
of
the
committee
and
can
therefore
conduct
our
business
today
and
what
we
will
start
with
our
consent
items.
A
We
have
24
consent
items
and
2
items
for
discussion
and
I'll
read
out
the
consent
items
and
they
are
as
follows:
item
number
1:
it's
a
contract
amendment
with
Bremer
bank
for
the
addition
of
a
master
treasury
management
services.
Agreement.
Item
number
2
is
refunding
of
2011
and
2012
library
referendum
refunding
bonds.
Item
number
3
is
the
purchase
of
owners,
protective
professional
indemnity
insurance
policy
with
Berkley
construction
professionals
for
the
new
public
service
building
project.
Item
number
4
is
a
contract
amendment
with
a
birth
Inc
for
the
under
freeway
impound
lot.
A
Item
number
5
is
a
contract
amendment
with
ski
that
skate
data
Inc
for
support
maintenance
and
upgrade
costs.
Item
number
6
is
a
contract
amendment
with
northern
lines
contracting
for
the
east
side,
storage
and
maintenance
facility
demolition
project.
Id
number
7
is
a
bid
for
the
east
side,
storage
and
maintenance
facility
project
iron.
Number
8
is
the
office
lease
with
Hillcrest
development
for
an
employee
assistance
program.
A
I,
don't
number
nine
is
an
office
lease
with
grace
in
the
City
Church
for
the
Minneapolis
Police
Department
and
number
10
is
a
target
market
program
staff
direction.
We
send
in
the
council
action
of
2018
directing
the
city
staff
city
coordinators
office
through
the
supplier,
diversity
work
group
to
present
options
that
adapt
the
target
market
program
to
align
with
the
city's
goals,
equity,
incorporating
racial
gender
and
your
graph
equity
into
the
program
within
this
state
status
and
federal
laws.
A
Amicus
brief
item
number
14
is
a
Downtown
East,
Commons
gift
acceptance
and
donor
recognition
wall
item
number
15
is
a
staff
purchasing
and
joint
powers
and
letter
reports
for
June
2018
item
number
16
is
a
contract
with
Kannon
solutions,
America
Inc
for
maintenance
and
support
of
geographical
information
services
or
GIS
OCE
pleura
item
number
17
is
a
contract
with
an
harris
computer
corporation
for
the
appraisal,
software
support
and
services
used
by
the
assessor's
office.
Ira
number
18
is
a
grant
from
the
Minnesota
justice
foundation
for
the
summer
law.
Clerk
program.
A
Item
number
19
is
a
Minneapolis
pathways
2018
agreement,
I,
don't
remember
20
in
the
2018
city
budget
amendment
for
the
Minneapolis
pathways,
employment
and
training
services.
Item
number
21:
it's
a
contract
amendment
with
Hennepin
County
for
construction
of
the
I-35w
and
Lake
Street
transit
access
project.
Item
number:
22
is
a
grant
application
for
2018
Federal
Highway,
Safety,
Improvement,
Program
I,
don't
number
23
is
a
bid
for
Plaza
parking,
ramp
boiler,
replacement
project
and
item
number
24
is
a
bid
for
Street
cap
maintenance
services.
A
B
A
So
I
will
move
that
item
to
discussion.
Any
other
comments
or
discussion,
so
I
make
approval
to
approve
all
the
consent
items
apart
from
item
number
10
that
will
move
for
discussion,
all
those
in
favor,
say
aye
and
all
those
against,
and
that
has
been
approved.
So
now
what
we
will
do
is
we
will
start
with
our
discussion
items
starting
with
item
number
10
and
councilmember
Jenkins
yeah.
B
A
From
what
I
understood
in
agenda
setting,
this
was
council
member
Cunningham
who
had
this
that
direction.
Mm-Hmm
and
after
consultation
with
city
staff
and
the
coordinators
office,
they
decided
that
this
was
already
being
done
and
that
this
staff
direction
was
not
needed
and
I
think
council
Fletcher
was
also
there
was
he
wasn't
it
okay
sure?
So
he
wasn't
this
week,
my
apologies,
but
that
was
the
reason
it
was
and
council
and
the
Cunningham
basically
requested
to
rescind
this.
Since
so
it
will
overlap.
A
A
D
A
E
A
E
A
C
Have
to
noon
mr.
chair
and
committee
members,
my
name
is
Jeff
Nader
I
worked
in
the
city
coordinators
office.
We
were
before
both
Enterprise
Committee
and
your
committee
back
in
June,
with
a
request
to
enter
into
a
conversation
with
the
University
of
Minnesota,
to
arrange
to
Master
Agreement,
one
related
to
research
and
technical
assistance
activities
and
one
related
to
real
estate
access
that
was
requested
by
Public
Works
we're
back
today.
C
We're
I'm
very
pleased
to
be
back
today
to
say
we
have
reached
agreement
with
the
University
on
the
first
of
the
two
contracts
around
research,
and
so
we
are
here
to
request
your
approval
for
that
contract.
This
is
modeled
largely
on
a
long
time
existing
contract
between
the
University
and
Hennepin
County,
which
they've
had
in
place
for
almost
15
years.
Having
one
umbrella
contract
between
the
two
institutions
allows
the
actual
work
to
take
place,
be
a
much
shorter
form
work
order.
C
Projects
is
what
we
call
them,
so
the
it's
less
cumbersome
than
exchanging
full-blown
contracts
for
every
10
or
20
or
$50,000
piece
of
work.
So
this
is
worked
well
for
Hennepin
County
they've
had
a
hundred
and
forty
plus
projects
go
through
their
system.
They
just
renewed
their
contract
for
I,
think
the
third
or
fourth
time
and
and
we
would
like
to
kind
of
arrange
something
as
I
told
Enterprise
Committee
back
in
June
two
years
ago,
we
had
something
like
42
contracts,
with
the
University
of
Minnesota
between
us
and
the
University.
C
More
recently,
it's
gone
down
to
maybe
10
or
15,
but
it's
still
many
and
we
are
will
will
be
in
an
ongoing
relationship
with
university,
and
this.
This
whole
arrangement
is
just
to
make
that
working
relationship
smoother
and
more
streamline.
That's
the
whole
point:
I
am
as
we
anticipated
back
in
June.
I
am
obligated
to
mention,
with
the
able
assistance
of
a
city
attorney
dan
hammer.
We
have
agreed
to
the
university's
request
to
own
intellectual
property
rights.
This
is
a
one
to
one
significant
variance
from
our
standard
terms
and
conditions.
C
This
is
about
patents
and
first
publication
rights.
This
is
something
the
university
has
with
Hennepin
County,
so
we're
modeling
that
arrangement
we
still
get
off
access
to
all
of
our
work
products.
All
of
our
material
and
in
the
unlikely
case
that
there
is
a
patentable
outcome
of
a
research
project
and
they've
never
had
one
at
Hennepin
County.
If
we
are
a
co-inventor,
the
university
has
agreed
to
share
in
those
rights.
C
That
is
a
highly
unlikely
outcome,
but
that
is
something
that
they
value
highly
and
and
so
that
that
is
a
variance
from
what
are
normal
terms
and
conditions
that
I
must
point
out.
I
will
also,
at
the
same
time,
on
the
advice
of
the
city
attorney
mentioned
that,
should
a
department
want
to
enter
into
an
arrangement
with
university
with
a
different
understanding
of
this
of
IP
rights,
they
are
free
to
go
off
and
negotiate
a
separate
contract.
They
don't
have
to
use
this
master.
C
C
Pamela
Webb
associate
vice
president
for
research,
that
is
in
the
university
side
of
this
conversation,
together
with
their
attorney
and
an
Eric
Garcia
Luna,
who
most
of
you
know,
is
the
director
of
the
university's
local
government
relations
office,
okay,
so
and
they're
both
available
for
questions
and
could
make
a
brief
statement
if
the
chair
so
desires.
All.
A
B
C
Yes,
mr.
chair
and
councilmember
Jenkins,
so
the
health
department
has
had
a
long-standing
set
of
contracts,
research
where
they
may
get
some
grant
funds
to
hire
university
health.
You
know
researchers
to
do
work
there.
A
couple
of
some
of
the
I'll
just
mention
a
couple
of
the
pending
contracts
or
projects
in
the
coordinators
world,
which
I'm
a
little
more
familiar
with.
There's
a
in
the
out
of
this
sustainability
office.
There
is
ongoing
interaction
with
various
units
of
the
university,
one
of
which
is
over
in
st.
C
Paul,
the
Applied
Agriculture
and
Applied
Economics
and
Tamara
down.
Shui
is
in
conversations
with
some
research.
Was
there
to
do
some
work
around
food
policy
are
another
part
of
sustainability,
is
in
conversations
with
I
can't
remember
the
unit
of
the
university
around
the
transference,
the
the
the
transition
to
renewable
energy
and
there's
research
being
happening
at
the
you
around
that,
and
so
those
are
two
of
the
pending
projects.
Police
Department
has
had
research
projects.
C
Epad
has
had
research
projects
when
I
was
at
Sipan
10
years
ago,
we
hire
in
Akira
to
help
us
do
outreach
for
the
2010
census.
For
example,
that
was
a
contract.
I
was
personally
involved
in,
as
you
may
recall,
two
years
ago,
seep
had
hired
a
unit
of
the
Humphrey
Institute
to
do
the
minimum
wage,
a
impact
evaluation
that
was
a
prospective
study,
projecting
the
impact,
and
that
was
led
by
dr.
Sam
Myers
at
the
Humphrey
Institute.
So
it
really
runs
the
gamut.
C
C
The
ownership
of
intellectual
property
is
a
negotiated
on
a
case-by-case
basis
between
parties,
as
I
said,
Hennepin
County,
as
arrangement
with
University
gives
the
University,
though
intellectual
property
rights.
That
has
not
been
an
issue
for
anybody
at
the
county.
Using
the
results
of
the
of
the
work
product
we
cities
and
counties
are
not
so
much
in
the
patent
and
publication
business.
We
are
in
the
doing
business
and
the
university
is
in
publication
business
and
in
the
patent
business
and
I
would
invite
I
mean
miss
Webb.
Here
has
much
more
background
on
this.
D
A
F
So
basically,
this
is
based
on
University
policy
and
also
US
policy,
because
the
law
actually
provides
for
patent
rights
to
go
to.
Whoever
it
is
is
the
inventor
of
an
invention,
and
the
university
has
a
fantastic
technology
commercialization
program
who
has
recently
ranked
fourth
in
the
nation
for
its
ability
to
take
technology,
find
companies
who
are
interested
in
development
in
Ewing
to
develop
it
and
market
it
and
get
it
out
into
the
public.
F
So
part
of
the
reason
that
the
university
likes
this
approach
is
the
we
have
the
mechanisms
in
place
to
take
ideas
that
may
be
potentially
patentable
and
commercialize
them
and
get
them
out
to
the
public.
So
we
feel
like
we're
serving
the
citizens
of
the
state
and
and
the
city
the
best
in
order
to
be
able
to
take
ownership
of
inventions.
Frankly,
our
faculty
expect
that
as
well
our
faculty,
unlike
in
industry
in
industry,
when
you
work
for
industry,
the
industry
gets
all
the
revenue.
F
If
you
do
make
money
on
an
invention,
our
faculty
get
1/3
of
any
revenue
that
comes
in,
and
the
rest
goes
into
the
research
program
to
just
fuel
the
enterprise
and,
of
course,
pay
the
expenses
of
the
program.
So
for
us
this
is
key
for
our
faculty
to
want
them
to
engage
in
the
program,
but
it's
also
absolutely
standard
to
them.
It's
true
for
every
federal
agreement
that
we
have
has
exactly
these
same
provisions
and
the
vast
majority
of
our
funding,
as
you
may
be
aware,
is
federal.
F
So
we
have
this
arrangement
intercounty
agreement
as
well,
and
even
though
these
patents
in
particular
come
up
infrequently
copyright
comes
up
all
the
time
and
that's
the
ability,
of
course,
for
our
faculty
to
publish
in
journals
for
when
they
have
an
inventive
or
a
novel
idea
or
to
have
basically
the
results
of
the
work
they
do
is
to
get
it
out
to
the
public.
The
city
has
the
absolute
right
to
use
all
of
this
information
free
of
charge
for
whatever
purpose
you
want
to
use
it,
for
that
is
not
a
restriction
in
any
way.
F
D
Thank
You,
mr.
chairman,
let's
list
a
question
or
more
of
a
comment
just
to
say,
I
really
do
think
this
is
a
huge
step
forward
and
I
think
it's
very
exciting.
I've
long
felt
that
we
were
sort
of
leaving
opportunities
on
the
table
when
you
look
at
studies
in
other
Metro
regions,
of
the
way
that
universities
are
sort
of
critical
parts
of
the
economic
engine
that
really
drives
what's
happening
in
a
region.
D
So
I
really
hope
that
we
bring
a
lot
of
the
most
interesting
problems
that
the
city
faces
to
you
and
that
you
invent
and
publish
and
do
amazing
things
together
and
then
and
that
we
all
are
able
to
benefit
from
that
and
really
build
something
together
and
I
hope
that
this
makes
it
easier.
I
know
that
you
know
we.
D
Obviously
you
know,
universities
are
very
oriented
towards
the
sort
of
NSF
grant
model
and-
and
you
know,
a
lot
of
those
things
and
we're
very
different
as
a
funder
and
and
so
negotiating
what
that
contract
looks
like
and
how
that
works.
There's,
obviously
some
sort
of
natural
mismatches
between
each
of
our
institutional
assumptions,
so
I'm
glad
we
were
able
to
hammer
that
out
and
sort
of
make
at
least
a
first
stab
at
this
really
makes
sense.
D
I
want
those
things
to
be
very
unified
and
so
I'm
glad
that
was
I've
been
able
to
work
this
out
and
I'm
excited
to
see
how
this
works
and
for
us
to
keep
iterating
and
and
improving
it
as
we
go
so
big,
thank
you
to
Jeff
and
to
you
as
well,
for
for
really
you
know
making
this
agreement
work
and
I'm
excited
to
move
it
forward.
Thank.
F
You
very
much
we're
excited
as
well,
and
we're
excited
also
for
the
opportunity
it
gives
to
our
students
because
they
get
to
work
then
I'm,
we're
like
real
life
problems
and
real
life
issues
and
be
able
to
contribute
to
solutions
and
turn
around,
and
hopefully
that
will
influence
their
long-range
career
decisions
as
well
as
they
participate
in
these
projects.
Thank.
A
You
very
much
miss
Webb
and
I
wanted
to
acknowledge
that
we've
been
joined
by
a
councilmember
Cunningham
and
just
to
get
you
up
to
speed
we're
on
item
number
26.
We
have
one
more
item
of
discussion
left.
Is
there
any
any
further
information
that
we
need
on
the
team?
Again,
thank
you
very
much
to
the
city
staff
as
well
as
the
University
team
for
coming
to
this
agreement.
Thank
you
and
I
make
a
motion.
Is
there
any
further
discussion?
A
My
colleagues
I
see
none
so
I
make
a
I'll
make
a
motion
to
approve
this
item
and
let
me
read
the
item.
Item
number.
26
is
a
master
contract
with
the
University
of
Minnesota
for
research,
consulting
and
technical
assistance
services
I
make
approval
all
those
in
favor
say:
aye
aye.
Those
against
that
item
has
been
approved.
A
G
Chairman
councilmember,
my
first
start
I'd
like
to
thank
every
single
one
of
you
for
taking
the
mantra
of
public
service.
I
know
it's
an
arduous
task,
and
sometimes
you
guys
are
not
appreciated.
I
appreciate
you
and
part
of
that
is
being
able
to
provide
environment.
That's
friendly
for
all
and
green
bonds
will
provide
that
benefit
for
citizens
of
Minneapolis.
G
So
before
we
go
out
to
what
are
green
bonds,
I
want
to
tell
you
that
I
talked
to
a
couple
of
municipalities
within
the
$100,000
ban
of
population
size
compared
to
Minneapolis,
so
Portland
Long,
Beach,
California
Kansas,
and
this
PowerPoint
implements
some
of
their
suggestions
as
well
as
things
that
they
told
me
not
to
do
so.
What
are
in
bonds,
I
used
to
finance,
refinance
green
projects.
Green
projects
include
climate
change,
adaptation,
clean
transportation,
sustainable
water,
wastewater
management,
etc.
G
So
approach
with
green
bonds
is
it
enhances
the
brand
it's
a
signifier
to
the
citizens
and
other
people
of
this
nation
that
the
city
of
Minneapolis
is
serious
about
environmentally-friendly
projects
and
is
attention
to
lower
interest
rates
costs,
because
if
the
bond
is
issue
out
and
some
of
the
investors
would
like
to
over
subscribe
to
it,
the
cons
thanks
to
mr.
rough
year,
like
the
city
of
Minneapolis,
is
well-run
right.
We
have
triple-a
rating
and
because
of
it,
being
a
government
minister
polity.
G
G
So
green
bonds
is
a
misnomer.
There
are
two
types
of
green
bonds,
because
the
Greenbaum
principal
there
tend
to
be
somewhat
more
vague
and
a
lot
of
municipality
end
to
use
this
structure,
because
it's
more
cost
effective
and
allows
the
municipalities
to
adjust
certain
criterias.
The
rotor
body
is
an
international
capital
market
Association.
The
framework
includes
all
types
of
project.
G
So
once
the
consultant
gives
you
the
green
thumb
of
approval,
you
can
just
issue
out
the
bonds,
the
other
ones
that
climb
upon
the
cloud
by
initiative
was
made
for
the
French
agreement
to
get
all
the
Paris
agreement
to
get
all
the
degrees
of
temperature
within
the
increase
within
2
degrees,
Celsius
to
maintain,
and
then
each
type
of
project
has
its
own
criteria
to
satisfy.
So
if
it's
a
solar
bond,
it
has
its
own
criteria.
G
If
it's
a
building
efficiency,
it
has
its
own
criteria
and
it
fits
a
water
bond
and
the
cebra
CBI
enforces
this
standard.
So
after
you
get
the
green
thumb
of
approval,
it
goes
to.
Cbi
is
normally
a
two-week
process.
They
tell
you
if
you
can
ensure
your
bonds
or
not,
and
if
not,
they
help
you
mitigate
those
circumstances
that
prevented
you
from
issuing
it
out
as
green,
so
I'm,
giving
an
example
of
a
green
bond
principle,
specifically
using
the
Moody's
verification
process,
so
the
weights,
when
moody
verifies.
G
If
the
bond
is
green,
is
through
organization
15%
and
it
goes
down
the
list
and
depending
on
what
you
get
within
each
percentile,
can
make
you
GB
1
2,
GB,
5
I
was
talking
to
a
Moody's
analyst.
It
doesn't
really
matter
in
the
sense
of
the
costs
that,
if
your
GB
one
or
GB
5,
it
doesn't
make
your
bonnets
more
costly.
However,
the
Moody
analysts
said
the
88%
of
all
of
the
entities
that
he
has
worked
with
tend
to
get
GB
one
excellent.
G
G
So
stated
earlier,
the
common
bond
initiative
has
multiple
criteria
depending
on
the
type
of
project,
for
example,
if
the
city
of
Minneapolis,
with
his
new
building
issues
that
out
then
within
the
criteria,
this
lead
gold
and
other
assess
with
other
criteria.
Then
it
would
be
considered
green
and
that
process
is
somewhat
different
from
the
green
walk
principle.
Without
further
ado,
I
would
like
to
introduce
mr.
ruff
that
he
would
do
the
last
slide.
H
Thanks
Michelle
Nicole
alluded
to.
We
have
commonly
now
within
the
city,
use
this
LEED
certification,
I,
think
its
leadership
and
energy
and
design
which
generally
council
policy
for
our
new
buildings.
We
try
to
get
this
LEED
version
for
golda
status,
that
you
know
the
highest
is
LEED
Platinum,
which
we
have
I
think
on
one
facility
achieved
but
found
that
LEED
Gold
is
a
more
cost-effective
and
practical
way
for
certification.
Typically,
the
architects
handle
that
certification
with
a
green
bond.
H
It
is
a
combination
of
our
staff
and
then
this
outside
consultant
that
would
handle
the
certification
process.
There
are
two
different
types
of
consultants:
one
is
the
regular
bond
rating
agencies,
so
mikela
eluded
to
Moody's.
Also
standard
and
poors
has
a
green
bond
certification.
There
are
also
consulting
firms,
ESG
firms
which
have
great
amount
of
experience
over
a
number
of
years.
They
tend
to
be
cheaper
upfront
and
potentially
cheaper
over
a
period
of
time.
I
think
our
reason
for
our
presentation
today
is
just
to
get
feedback
from
the
committee.
H
Hopefully
we're
setting
ourselves
up
there
building
a
system,
but
we
want
to
make
sure
you
were
aware
of
what
kind
of
costs
we're
talking
about
a
few
thousand
dollars
a
year.
Potentially,
we
would
have
to
separate
out
bond
issues.
So
when
we
sell
a
bond,
we
tend
to
amalgamate
all
of
our
project
into
one
large
bond
issue
for
this
fall.
We
do
have
a
large
bond
issue
on
its
own,
which
would
be
financing
part
of
the
new
office
building
and
then
the
contract
you
have
on
the
Ways
and
Means
agenda.
H
For
the
twice
2017
university
east
side
facility,
because
both
of
those
facilities
are
LEED
Gold,
we
believe
they
would
qualify
for
a
green
bond.
And
so
we
would
separate
that
out
when
you
have
separate
bond
issues
again
slightly
higher
interest
rates,
because
you
don't
get
as
many
buyers
for
smaller
bonds
as
you
do
for
larger
bonds.
But
we
feel
like
at
least
based
on
initial
feedback
from
the
individual
conversations
with
council
members
and
generally
the
theme
of
Minneapolis
that
this
is
a
good
investment.
But
again
just
want
to
check
with
you
and
then
also.
H
We
would
lean
more
towards
these
ESG
consulting
firms,
just
because
we
want
to
separate
our
rating
relationship
from
our
green
bond
relationship
and
also
because
mikelis
research
has
shown
that
these
ESG
firms
can
probably
help
us
in
more
informal
ways
in
terms
of
telling
us
what
other
cities
are
doing.
That
can
help
us
more
generally,
whereas
we
may
not
get
that
from
the
rating
agencies.
So
I
just
want
to
thank
mikaƫl
for
his
good
work.
For
these.
H
Those
who
haven't
met
McHale
he's
up
leaving
the
end
of
this
week,
go
back
and
finish
his
third
year
of
law
school
at
University
of
Pennsylvania
and
he's
also
a
CPA.
So
just
a
lawyer
in
those
numbers
I
know
it's
a
rarity
here
in
the
world,
but
no
offence.
Eric
was
very
pleased
that
he's
maybe
able
to
make
many
contributions
to
the
department
in
the
short
time
you
spent
here
this
summer.
H
B
Mr.
McHale,
what
a
great
presentation
I'm
curious
are
so
green
can
be
used
for
any
project.
It
doesn't
have
to
be
a
energy
focused
project.
G
So
green
walls
are
mostly
used
for
energy
related
projects,
things
that
are
impactful
to
the
environment.
So
if
it's
a
social
project
like
the
sense
of
creating
new
housing
that
wouldn't
follow
that
wouldn't
fall
under
green
bonds
unless
the
building
as
like
efficiencies
that
lead
it
to
LEED,
Gold
and
so
forth,
right.
B
G
But
it
would
rain
and
so
be
allocated
proportionally
to
to
what
they
perceive
as
the
percentage
that
would
be
going
to
the
making
the
building
efficiency,
making
the
building
more
efficient.
And
then
the
other
aspect
would
be
more
to
social,
would
be
a
social
bond
and
that
would
be
into
creating
better
housing
for
our
citizens
and.
B
G
Look
like,
depending
on
what
type
of
principle
you
use,
they
will
require
the
bond
proceeds
to
be
allocated
at
a
certain
percentage.
So
if
you
did
Green
principles
and
you
wanted
the
highest
rating
under
Moody's,
you
would
have
to
have
95
percent
of
the
bond
proceeds
allocated
to
the
green
project.
So
if
it's
separated
between
social
and
green
under
the
green
principle,
you
might
have
a
lower
rating.
However,
when
it
comes
to
the
climate
bond
initiative,
it
will
not
qualify.
B
H
Vijender,
if
I
can
just
add
one
thing
on
that
is,
as
mikelis
indicated
this.
This
whole
certification
process
is
in
its
early
forms
really
nationally
and
internationally.
It's
kind
of
like
Leeds,
you
know
now.
Leed
is
not
the
only
certification
for
buildings,
I
think
so.
Everett
Johnson
has
talked
about
Living
Building
Challenge
with
us,
which
is
a
higher
level,
but
leaders
have
taken
most
of
the
market
share.
H
That's
not
necessarily
the
case
with
this
green
certification
since
they're
in
the
early
process
and
there's
also
a
resilient
bond
initiative,
which
I
know
that
the
state
of
Oregon
has
just
utilized
for
some
affordable
housing
bonds,
and
so
we
may
find
that
this
evolves
over
a
period
of
time
so
that
their
debt,
but
definitionally
even
within
green
bonds.
It's
still
a
little
murky,
so
if
it
seems
a
little
uncertain,
I
think
that's.
H
A
H
A
G
Right
now,
we
think
it's
almost
efficient
and
cost-effective
for
it
to
be
under
the
green
principles.
Okay,
climate
bond
has
very
like
very
strenuous
criterias
that
we
could
still
qualify
for,
but
the
ongoing
monitoring
would
be
annually
like
with
the
Green
principles
we
could
make
it
try
annually,
and
that
was
were
also
the
cost
after
the
building
is
built
would
go.
Thank.
D
Thank
You
mr.
chair,
and
thank
you
for
this
presentation.
This
was
really
extremely
helpful
to
understand.
I
guess
one
thing
I'm
trying
to
figure
out
is:
if
we're
not
saving
money
is
the
is
the
purpose
of
this,
so
that
investors,
who
are
wanting
to
invest
in
green
tech,
have
a
sort
of
rationalized
market
to
be
able
to
do
that
so
that
we
can.
G
As
all
lawyers
have
said
before
me
and
we'll
say
in
the
future,
it
depends
so
with
the
green
bond,
it's
growing
exponentially
and
we
don't
know
that
it
will
become
ubiquitous
and
be
required
by
all
municipality.
So
if
we
do
decide
not
to
continue
or
to
progress
as
a
issue
in
a
green
bond
and
we
may
be
locked
out
of
the
market
and
the
cost
might
be
significantly
higher
in
the
future.
However,
currently
they're
not
right.
Currently
it's
more
of
a
branding
and
how
investors
I've
seen
is
just
like
pension
funds
and
so
forth.
G
D
G
It
could
be
very
scalable
because
we've
used
the
green
principle.
We
can
create
a
framework
that
encompasses
building
efficiency,
bonds,
storm
water
bonds,
solar
power
bonds,
so
that
the
consultant
only
has
to
certify
the
framework.
If
we
went
to
the
CBI
the
client
boyish
ative,
because
each
type
of
bond
credits
its
own
certification,
that
will
make
it
a
lot
more
expensive
and
we're
thinking,
maybe
because
the
city
of
Minneapolis
issues
out
for
bonds
annually
that
we
think
within
the
year
or
so
that
it
would
be
very
cost
effective.
I
H
And
I
think
pending
on
what
happens
over
the
next
year
or
two
I
think
the
advantage
in
terms
of
climate
change
and
potentially
increased
regulation.
There
are
those
in
the
bond
market
who
would
say
that
part
of
what
cities
might
be
faced
with
is
we
put
a
big
document
together
every
time
we
do
a
bond
issue?
That's
a
disclosure
document
that
talks
about
our
you
know:
status
of
labor
contracts
and
how
much
growth
we
have
in
the
city
and
the
age
of
our
citizens.
H
There
might
be
demand
from
bond
buying
public
over
a
period
of
time.
That
says,
and
what
are
you
doing
about
climate
change
just
because
there
it's
used
the
example
of
18
years
ago,
when
I
was
in
the
bond
market,
everybody
wanted
to
know
about
what
cities
were
doing
to
avoid
problems
with
y2k
and
when
the
year
2000
came
about
and
all
the
computers
were
gonna
stop
functioning
right.
That
was
a
crisis
that
was
a
one
day
crisis,
but
to
date
the
financial
markets
haven't
matured.
H
Just
yet
to
the
point
where
they're
gonna
say:
what
are
you
doing
about
climate
change
as
a
city
and
Curly?
We
have
a
good
story
to
tell
about
our
our
goals
and
so
I
think
the
effort
is
to
raise
awareness
on
both
sides,
but
it
really
the
financial
advantage
is
gonna
come
when
the
bond
buying
public
starts
demanding
it
good.
I
A
Thank
you
any
other
discussion,
questions
I'm
I
just
wanted
to
mention.
Council
members
Fletcher
our
vice
chair
here,
as
well
as
councilmember
Schrader
who's,
not
here
who
brought
up
this
item
to
our
attention
and
and
spurred
this
research
that
and
presentation
have
you
seen.
I
would
like
to
thank
Mark,
ruff
and
Raquel
for
his
the
presentation
and
the
work
and
we've
had
discussions
in
my
office
about
this
and
I.