►
Description
Additional information at
https://lims.minneapolismn.gov
B
Good
afternoon
welcome
to
the
regular
meeting
of
the
business
housing,
zoning
and
inspections
committee
for
today
september
14th,
I'm
lisa
goodman
and
I'm
chair
of
the
committee.
As
we
begin
I'll
note
for
the
record
that
the
meeting
has
remote
participation
by
members
of
the
city,
council
and
city
staff
is
authorized
under
minnesota
statute,
section
13d
.021
due
to
the
declared
local
public
health
emergency,
the
city
will
be
recording
and
posting.
This
meeting
to
the
city's
website
and
youtube
channel
is
a
means
of
increasing
public
access
and
transparency.
B
D
F
B
Let
the
record
reflect
that
we
have
a
quorum
I'll
begin
with
today's
consent
agenda,
which
is
items
six
through
13
on
the
agenda
item.
Six
is
the
liquor
license
approvals
and
seven
are
the
license?
Renewals
eight?
Are
the
gambling
license
approvals
and
nine?
Is
the
met
council's
lda
pre-development
grant
for
the
chicago
lake
rebuild
project
and
the
local
lcda
transit
oriented
development
pre-development
grant
for
30
30
nicolette
item
number
10
is
appointments
to
the
workforce
development
board
item.
11
is
a
rezoning
at
513
east
lake
street
item
number
12
is
a
referral
to
staff.
B
This
is
correcting
inconsistencies
and
clarifying
vague
and
confusing
provisions
and
item
number.
That
would
be
item
number
12
and
item
number
13
is
a
land
sale
at
613,
33rd
avenue
north.
We
also
have
a
postponed
item,
which
is
item
number
16..
Are
there
any
items?
Anyone
would
like
to
pull
off
for
further
discussion,
seeing
none
I'll
move
approval
of
items
number
six
through
thirteen
and
postpone
item
16
to
our
next
regular
meeting,
scheduled
for
some
september
28th,
and
please
ask
the
clerk
to
call
the
roll.
D
E
G
B
Those
items
are
approved
with
that,
if
someone
would
admit
council
member
palmisano,
that
would
be
great,
we'll
move
to
the
public
hearing
agenda
starting
with
item
number
one
which
I
believe
she
is
here
for
with
this-
is
tenant
restaurant
at
4300,
bryant
avenue
south
I'll.
Ask
mr
ishmael
to
give
that
report.
E
Thank
you,
madam
chair
and
committee
members,
I'm
mohammad
ismail
a
lead
licensed
inspector
with
the
city
of
minneapolis,
I'm
presenting
an
application
from
kenneth
llc
doing
business
as
the
tenant
restaurant
located
at
4300,
prime
to
avenue
south
in
ward
13..
The
applicant
is
requesting
an
upgrade
to
onstar
liquor
with
sunday
stealth.
No
life
entertainment.
E
E
The
residents
and
property
owners
within
the
secretary
of
defeat
of
supremacy
notices
were
also
sent
to
the
east
heria
naval
association
and
council
member
paul
mestano.
I
hope
I'm
not
pronouncing
mispronouncing
the
last
name
for
the
council
member.
We
have
received
the
four
responses
in
support
for
this
application.
E
All
for
supporting
this
application,
the
license
and
consumer
services
division
recommended
approval
of
the
onstar
liquor
would
send
a
cell.
This
concludes
my
presentation
at
this
time.
I
will
stand
for
any
comments
or
questions.
Thank
you.
B
F
Hi
there
this
is
cameron
shaqini,
one
of
the
co-owners
and
operators
of
center
restaurant
in
minneapolis
yeah,
just
a
light
overview
of
what
we
have
in
mind
for
the
space,
it's
actually
in
the
same
building
located
directly
adjacent
to
the
restaurant.
So
it's
a
little
bit
of
an
expansion
of
premises,
slight
increase
in
seating
from
our
typical
25
feet,
restaurant
there'll
be
an
additional
20
seats,
we're
actually
reducing
the
seating
on
the
restaurant
side.
F
F
F
F
We
don't
want
to
be
here
any
later
than
midnight
on
the
weekends
just
because
we
are
located
in
a
neighborhood
and
we
have
a
strong
relationship
with
said
neighborhood
and
the
neighborhood
association
itself
and
we'd
like
to
maintain
that
relationship
so
yeah.
I
think
that's
that's
the
gist
of
it
without
getting
too
nitty-gritty
on
the
operational
side
of
it.
But
the
space
is
built.
F
You
know
today's
the
state
of
the
world-
and
I
think
it's
time
for
us
to
safely-
and
I
guess
safely
board,
to
expand
our
seating
and
you
know,
give
us
the
space
and
staff
that
we
need
to
continue
to
operate
successfully.
So
that's
where
we're
at
and
I'm
open
to
any
questions
or
concerns
from
anybody.
So
just
let
me
know,
that's
that's
pretty
much
all
I
have.
B
A
B
You're
doing
I
don't
believe
there
are
other
speakers
signed
up
to
speak.
I
know
council
member
palmisano
is
on
the
call.
Did
you
want
to
speak
council
member
palmisano.
H
Sure
it
won't
take
up
much
of
your
time.
I
just
am
here
in
support
of
this
project
and
and
this
restaurant
owner
and
all
of
their
work.
It's
been
a
long
time
in
coming
they've
been
through
some
tough
times.
You
know
this
is
one
of
those
incredibly
special
amenities
for
us
to
have
as
part
of
our
city,
I'm
lucky
to
have
it
in
the
13th
ward,
in
one
of
my
neighborhoods,
but
their
what
they
offer
is
is
a
pretty
phenomenal
experience.
H
They
even
have
some
of
their
family
heirlooms
in
their
restaurant,
but
I
will
leave
that
to
you
all
to
visit
and
for
them
to
share,
if,
if
you
make
it
in
so
I
I
just
come
in
support
of
all
of
the
hard
work
of
this
local
business
owner
and
the
good
work
of
city
staff
and
helping
them
with
their
restaurant.
Thank
you.
B
B
C
B
I
I
The
current
license
at
this
location
is
an
on
sale,
liquor
with
sunday
sales,
no
live
entertainment.
The
applicant
is
requesting
an
off
sale.
Liquor
license
ito,
formerly
known
as
eastside
eaton
drink
has
been
operating
at
this
location.
Since
august
of
2015.
ito
is
diminishing.
Their
on
sale,
liquor
license
premises
to
create
space
for
a
small
off-sale
liquor
shop.
I
I
Multi-Unit
buildings
were
posted
on
august
24th
notices
were
also
sent
to
the
downtown
minneapolis
neighborhood
association,
the
warehouse
district
business
association
and
council
member
fletcher.
We
have
received
one
response
from
the
downtown
minneapolis
neighborhood
association
in
support
of
this
application.
There
were
no
other
responses.
I
The
premises
will
occupy
355
square
feet
of
the
former
restaurant
space
at
ito
and
it's
at
the
northern
corner
of
the
latitude
45
apartments.
Building
ito
has
not
had
any
significant
violations,
3-1-1
calls
or
police
calls,
they
do
not
have
any
operating
conditions
and
they
are
a
business
operating
in
good
standing.
I
B
Thank
you,
miss
harvey,
we'll
see
if
there
are
any
comments
or
questions
on
your
report.
Seeing
none
I'll
proceed
to
open
the
public
hearing.
I
know
that
no
one
is
signed
up
for
this
public
hearing
I'll
just
see.
If
there
is
anyone
here
to
speak
on
item
number
two,
anyone
seeing
none,
I'm
going
to
go
ahead
and
close
the
public
hearing
council
member
schrader
would
like
to
make
a
motion.
B
G
J
Thank
you,
madam
chair
and
committee
members.
I
am
craig
lyson
district
supervisor
with
licenses
and
consumer
services,
and
I'm
here
today
presenting
an
application
from
the
buttered
tin,
northeast
owned
by
butter
tin,
northeast
llc.
This
report
was
prepared
by
inspector
christina
steester.
The
business
address
is
2445
marshall
street
northeast
in
ward
1..
J
J
Notices
were
also
sent
to
the
marshall
terrace
neighborhood
association,
the
northeast
minneapolis
chamber
and
council
member
wright.
We
have
received
three
responses
from
the
community
one
in
support
of
the
application.
One
opposed
to
the
sidewalk
cafe
and
one
citing
concerns
about
sidewalk
accessibility
and
parking.
J
The
butter
tin
northeast
is
located
on
the
ground
level
of
the
newly
constructed
gateway
northeast
apartments,
as
this
business
has
not
opened.
Yet
there
have
been
no
complaints,
311
call
calls
or
police
calls.
There
are
no
operating
conditions
or
other
issues.
Decision
makers
should
know
of
the
licenses
and
consumer
services.
Division
recommends
approval
of
an
off
sale
wine
with
strong
beer,
no
live
entertainment
with
sunday,
sales
license
and
sidewalk
cafe
license
for
the
butter
tin
northeast.
J
B
K
And
we
are
a
bakery
restaurant
focused
on
bakery
and
breakfast.
As
was
mentioned,
we
are
open
from
7
a.m,
until
3
p.m.
K
K
In
regards
to
the
to
the
issues
filed,
I
understand
I
can
understand
the
concern
about
the
walkway
on
the
sidewalks
and
again
we
won't
really
want
to
be
a
great
addition
to
this
neighborhood.
We're
not
trying
to
you
know,
make
make
sure
that
nobody
can
walk
through
here.
So
our
tables
that
would
be
outside
would
only
be
two
by
two,
so
very
minimal
on
the
sidewalk
and
again
we're
only
open
until
three.
So
we
we
believe
we're
a
really
good,
quiet
and
yet
fun
addition
to
the.
B
Neighborhood
you
so
much
for
your
presentation
and
for
opening
this
business
sounds
fantastic.
We
could
always
use
more
breakfast
spots
in
town,
we'll
see
if
anyone
else
is
in
queue
to
speak.
I
don't
see
anyone
else,
we'll
give
it
one
more
shot.
If
anyone's
here
to
speak
to
item
three
seeing
none,
I'm
going
to
close
the
public
hearing
council
member
right.
L
Thank
you,
madam
chair,
and
I
concur
with
your
assessment
about
welcoming
more
breakfast
spots
throughout
the
city.
Absolutely
a
social
and
public
purpose
in
that,
as
people
know,
I'm
very
supportive
of
the
overall
project
that
was
built.
Affordable
housing
with
commercial
mixed
use
is
fantastic.
L
So
this
was
a
really
incredible
project
and
definitely
welcome
this
business,
which
will
fit
right
in
it's
not
surprising
that
saint
paul
businesses
migrate
to
northeast
because
it's
still
the
right
side
of
the
river
we
think,
but
I
will
have
to
make
one
clarification,
madam
chair,
if
I
made
as
much
as
I
love
the
project
in
this
business,
technically
speaking,
it's
a
few
feet
in
botnet
neighborhood,
a
few
feet
outside
of
marshall
terrace,
and
therefore
a
few
feet
outside
of
ward
one
in
a
technical
basis.
B
E
C
B
J
This
report
was
prepared
by
inspector
christina
steester
business's
address
is
824
18th
avenue
northeast
located
in
ward
1..
They
currently
hold
a
place
of
entertainment
license.
The
applicant
is
requesting
an
on-scale
wine
with
strong
beer,
general
entertainment
with
sunday
sales
license
strike.
Theater
has
been
operating
at
this
location
since
2017.
J
J
J
We
received
two
comments
from
the
community
citing
concerns
regarding
adding
alcohol
to
the
license
the
hours
of
operation
and
increase
traffic
noise
and
litter.
There
have
been
no
complaints.
Three
one
one
calls
or
police
calls
associated
with
the
business.
There
are
no
operating
conditions
or
other
issues.
J
B
Thank
you,
mr
eliason,
we'll
see
if
there
are
any
comments
or
questions
for
staff
sing.
None!
I'm
going
to
open
the
public
hearing.
There
are
three
people
in
queue,
starting
with
allison
browren,
mike
fotus
and
jay
riley.
If
you
would
like
to
express
press
star
6
to
unmute
allison,
you
are
welcome
to
speak.
First.
B
M
Great,
oh
good,
wonderful,
sorry
about
that.
I
kept
just
saying
that
was
unmuted
and
muted
right
away.
This
is
allison
brown,
I'm
one
of
the
co-founders
of
strike
theater
and,
as
mentioned,
we've
been
operating
since
2017
we've
been
shuttered
for
a
number
of
months
due
to
the
pandemic.
So,
while
we're
opening
back
up
when
we
had
some
time
off,
we
had
some
time
to
move
forward
with
adding
our
liquor
license
for
shows.
M
Basically,
the
way
our
shows
are
scheduled
is
patrons
would
be
able
to
buy
a
drink
before
they
go
into
the
theater.
Most
of
our
shows
last
60
to
90
minutes
and
don't
have
an
intermission
on
a
rare
occasion.
Someone
would
have
the
opportunity
to
buy
a
second
drink
during
the
intermission,
so
we
won't
be
serving
a
ton
to
people
so
addressing
the
complaints
of
you
know
sending
people
out
into
the
streets.
Hopefully
that
wouldn't
result
in
you
know
louder
people
leaving
than
our
general.
Our
hours
aren't
changing
at
all.
M
What
we
do
isn't
changing
at
all
and
the
way
the
bar
set
up
like
they
can't
really
like
they
would
totally
have
to
leave
the
show
to
get
more
drinks
during
the
show.
M
So
hopefully
that
probably
isn't
going
to
happen,
and
we
just
really
want
to
be
good
community
neighbors
and
you
know
willing
to
add
some
more
trash
cans
right
in
front
of
our
building
and
we
kind
of
shuttle
people
that
want
to
keep
the
party
going
through
the
building
over
to
tatters
all
so
they
aren't
even
emptying
out
onto
the
streets
right
after
our
shows
so
yeah.
We
are
excited
to
provide
entertainment
to
the
neighborhood.
We're
excited
to
hopefully
be
adding
this
next
step
to
our
business
and
that's
about
all.
B
N
Sure
I
I
would
just
say
to
add
on
to
everything
that
allison
was
saying
we
already
sort
of
filled
into
our
post,
show
announcements,
and
we
have
signs
up
in
our
lobby
that
remind
people
that
we
have
really
great
neighbors
and
we
want
them
to
be
able.
We
want
to
all
coexist
and
have
great
relationships
with
each
other.
So
at
the
end
of
shows,
we
remind
our
audiences
to
please
leave
quietly
and
respectfully,
and
we
have
those
signs
in
the
lobby
as
well.
L
Thank
you,
madam
chair,
and
I
will
confirm
that
this
is
geographically
designated
correct,
it's
in
ward,
one
for
sure
and
in
logan
park
neighborhood.
You
know
here
we
have
a
proposal.
That
certainly,
is
that
confluence
of
the
the
call
for
both
fun
and
neighborhoodness,
and
I
think
this
group
has
proved
that
they
are
great
neighbors
and
can
strike
that
balance
rather
well,
like
all
good
businesses
do
in
northeast,
it's
a
fantastic
location
in
the
arts
district,
which
is
really
strong
in
production.
L
L
If
it
supports
that
and
then
just
now
speaking-
and
you
know
this
well
from
your
own
ward
performance
venues
need
our
support,
moving
forward
coming
out
of
kovit,
and
so
I
think
this
is
a
way
to
do
that
and
what
a
perfect
location
it's
next
to
a
union
hall,
it's
in
a
former
macro
production
facility.
That's
now
a
sort
of
micro
production
facility
with
many
different
users
and
for
a
theater,
that's
called
strike
theater.
I
couldn't
think
of
a
better
place.
So
I'm
happy
to
support
this.
B
E
D
F
B
That
carries
in
the
motion
is
approved.
Our
last
public
hearing
is
item
number
five.
This
is
the
worth
on
the
woods
tax,
increment
financing
plan
at
2800,
wyzeta
boulevard
in
the
seventh
ward,
and
I
will
call
on
staff
to
give
that
report,
because
the
public
hearing
was
continued
from
the
august
24th
biz
meeting
due
to
a
noticing
error
error.
B
B
B
So
with
that,
I'm
going
to
close
the
public
hearing
and
move
approval.
This
is
a
senior
affordable
housing
project
in
the
bryn
mawr
neighborhood,
where
I
live,
and
we
are
very
woefully
short
and
a
inadequate
number
of
rental
properties
in
our
ward.
This
project
in
three
phases
will
actually
add
to
the
housing
population
in
the
neighborhood
by
a
third.
So
it's
a
big
big
thing
going
on
in
the
brimar
neighborhood
that
most
people
are
very
excited
about.
So
on
my
motion
to
approve
I'll
ask
the
clerk
to
please
call
the
roll.
D
B
Item
carries
and
is
approved,
so
we
will
now
move
on
to
our
two
discussion
items,
starting
with
item
number
14.
This
is
the
exterior
building
materials
ordinance
I'm
going
to
give
by
mr
crandall
an
opportunity
to
speak,
and
I've
also
agreed
to
allow
the
folks
from
the
fiber
cement
panel
industry
as
well
as
I
believe
mr
men
speak
to
this
issue.
They
will
be
limited
to
10
minutes,
so
hopefully
we
won't
be
doing
this
for
a
long
time,
since
this
was
heard
at
the
planning
commission-
and
I
will
turn
this
over
to
mr
crandall.
O
Good
afternoon,
chair
goodman
and
council
members,
I'm
peter
crandall
senior
city
planner,
with
cped
land
use
and
I'm
presenting
on
this
proposed
zoning
code
text.
Amendment
dealing
with
exterior
building
materials
standards
for
our
site
plan
review
chapter
of
the
zoning
code
next
slide,
so
just
to
provide
some
context.
In
the
background
of
where
this
amendment
is
coming
from.
O
Obviously,
as
we're
all
aware,
the
city
has
undergone
a
significant
amount
of
investment
and
development
over
the
past
10
to
12
years
next
slide,
and
that
has
coincided
with
some
significant
changes
to
our
regulatory
structure,
including
a
significant
number
of
deregulations
that
enabled
a
large
swell
of
development,
particularly
in
the
multi-family
sector
of
our
housing
stock.
Next
slide,
and
just
some
examples
of
recent
projects
that
have
been
approved
and
constructed
in
the
city
next
slide.
O
And
then
just
to
refresh
everyone
on
where
we
are
today,
this
is
the
current
guideline
to
exterior
building
materials
that
we've
been
implementing
since
2014.
O
This
was
developed
kind
of
in
response
to
that
significant
new
development
investment
that
was
undergoing
occurring
in
the
city
since
around
2012.
This
was
implemented
in
2014.
O
So,
as
part
of
the
background
for
this
amendment,
we
went
back
and
looked
at
some
of
those
projects
that
have
been
approved
in
the
last
20
years
to
see
what
we
felt
like
was
working
and
not
working
both
in
terms
of
the
buildings,
some
integration
with
the
existing
character
of
the
city
and
how
they
were
holding
up
in
terms
of
their
material
durability.
O
Over
time
in
general,
we
found
that
you
know
successful
projects
tend
to
have
a
balance
of
different
materials
and
concentrate
the
higher
quality
more
durable
materials
at
their
base,
which
is
the
part
of
the
building
that
interacts
with
the
public
realm
most
frequently
and
is
most
subject
to
potential,
wear
and
tear
over
time
and
then
concentrating
less
durable
materials
above
the
ground
level
and
away
from
the
public
realm
next
slide.
O
This
is
an
example
of
a
building
at
27th
and
lindale
that
we
feel
like
has
been
really
successful.
This
is
actually
an
affordable
project
and
you
can
see
that
it
does.
What
that
that
previous
slide
was
showing
in
terms
of
foregrounding
those
higher
quality
materials,
the
brick
and
stone
at
the
front
of
the
building,
and
then
relegating
the
luster
of
materials
to
the
upper
portions
of
the
structure
and
away
from
the
public
right-of-way
next
slide.
O
We
also
looked
at
some
projects
that
we
felt
like
were
not
as
successful.
This
is
an
affordable
project
in
saint
paul
that
utilizes
all
fiber
cement
lab
siding,
which
we
feel
like
is
not
as
successful
both
from
an
aesthetic
point
of
view,
but
we
would
also
potentially
have
concerns
about
in
terms
of
durability
over
the
long
term.
O
And
then
we
did
do
a
survey
of
projects
that
have
been
completed
earlier
in
the
development
boom.
That's
been
occurring
in
the
last
20
years,
or
so
so.
This
would
have
been
projects
that
were
completed
in
the
early
2000s
to
see
how
some
of
these
newer
material
technologies
were
performing
over
time
in
terms
of
durability.
O
We
did
see
some
issues
there,
particularly
with
materials
that
are
subject
to
moisture,
infiltration
and
degradation
when
exposed
to
moisture
due
to
their
application
method
or
other
failures
of
the
material
in
terms
of
how
it's
applied
and
its
performance
over
time.
So
these
are
some
examples
of
projects
in
which
either
large
amounts
of
the
exterior
materials,
particularly
in
these
examples,
fiber,
cement
and
or
stucco,
were
required
to
be
replaced
and
then
examples
of
where
those
materials
were
failing
at
intersections,
particularly
with
mechanical
systems
next
slide.
O
O
O
O
So
it's
useful
to
keep
in
mind
where
those
costs
fall
when
there
are
failures,
materials
prior
to
their
professed
given
lifespan
in
terms
of
market
rate
rentals.
Those
costs
are
often
passed
on
to
the
renter
in
the
form
of
higher
monthly
rents
for
subsidized,
affordable
projects,
which
often
do
not
maintain
significant
financial
reserves
to
cover
the
costs
of
material
failures.
O
So,
in
terms
of
developing
the
material
amendment
itself,
we
looked
at
three
primary
factors
when
evaluating
different
materials
for
the
classification
system.
Firstly,
what
is
the
material
made
of?
Secondly,
how
is
the
material
attached
the
building?
What's
the
application
method?
Is
that
application
method
standardized
by
the
manufacturer
and
then,
lastly,
the
appearance
and
compatibility
of
materials?
What
do
they
look
like?
How
compatible
are
they
with
existing
building
stock?
O
And
then
how
does
that
material
hold
up
over
time
with
basic
maintenance
next
slide,
and
that
led
us
to
the
proposal
that
is
before
you
today,
which
divides
materials
into
three
classes
class,
one
being
the
most
durable
ones?
Last
three
being
the
least
you'll
notice
that
the
more
traditional
masonry
style
products
are
concentrated
in
class
1,
including
concrete
and
glass
class
2
is
all
fiber
cement
products
and
stucco
products,
and
then
in
class
3
would
be
products
like
cmu,
wood,
composite,
etc
next
slide,
and
then
that
classification
is
applied
somewhat
differently
across
different
building
types.
O
So
again,
this
amendment
would
live
in
a
site
plan
review,
chapter
buildings
that
are
subject
to
site
plan
review
are
any
residential
project
with
four
or
more
dwelling
units
and
then
any
new
commercial,
industrial
or
institutional
project,
or
addition
to
an
existing
commercial,
institutional
or
industrial
project
and
there's
a
certain
percentage
based
on
scale
in
terms
of
the
residential
and
mixed
use.
Projects
next
slide.
O
So
this
would
allow
for
other
materials
that
may
meet
the
intent
of
the
ordinance
or
that
are
determined
to
be
substantially
similar
to
materials
that
are
a
part
of
the
classification
system
or
other
factors
that
the
planning,
commission
or
council
may
determine
meet.
The
spirit
and
intent
of
the
ordinance
could
be
approved
through
alternative
compliance
next
slide
and
then
just
wanted
to
point
out
that
the
proposal
before
you
today
is
actually
significantly
more
flexible
than
the
standards
that
we
currently
use
and
that
we've
been
applying
for
the
last
seven
years.
O
O
Under
these
proposed
regulations,
we
would
be
bumping
that
up
to
up
to
70
for
certain
scale
projects
and
then
metal
panel,
which
is
a
very
broad
category
of
materials
that
do
have
a
lot
of
cost-effective
options.
Current
regulations
limit
that
to
75
percent
we'd
be
moving
that
to
the
class
one
which
would
allow
up
to
100
of
any
elevation
to
utilize
metal
panel
products,
so
that
is
kind
of
a
summary
of
where
we've
been
and
where
we
are
today.
I
can
take
questions.
B
O
B
Okay,
because
it
seems
like
this
is
kind
of
a
commentary
on
fiber
cement,
rather
than
a
focus
on
the
overall
issue
of
exterior
building
materials.
Now
I
realize
that's
the
area
of
controversy,
but
it
seems
like
you're,
almost
like
responding
in
advance
to
what
you
know
you're
going
to
hear
and
have
heard
at
the
planning
commission
by
showing
us
the
failure
of
some
materials,
but
not
others.
Is
there
no
such
thing
as
failure
of
efus
or
stucco
or
any
of
the
other
materials
that
are
not
being
contested
by
builders?
At
this
point,.
O
B
Okay,
and
are
there
I'm
I'm
just
curious,
has
have
you
presented
any
kind
of
study
to
show
that
fiber
cement
has
a
much
higher
failure
rate
than
all
of
the
other
materials
that
are
not
listed
as
class?
One
there's
been
a
lot
of
talk
about
studies
being
done.
Can
you
point
us
to
the
studies
that
have
been
done
to
show
that
fiber
cement
is
an
inferior
material,
not
worthy
of
being
class?
One.
O
G
Thank
you,
madam
chair.
I
just
wanted
to
you
know
thank
staff
for
the
work
on
this.
I
know
that
this
is
a
further
than
staff
felt
comfortable
going,
and
it
really
was
a
conversation
between
stakeholders,
affordable
housing
developers
and
others
to
really
come
up
with
this
compromise.
So
I'll
I'll
have
some
other
comments,
but
did
want
to
take
this
opportunity
to
thank
staff
for
their
work
on
this.
B
Thank
you,
councilmember
schroeder.
I
know
that
there
are
two
people
who
have
asked
to
have
10
minutes
of
time.
I
don't
know.
I
know
mr
min
is
one
of
them.
I
don't
know
who
the
other
one
is,
and
I
don't
know
if
the
other
person
is
on
the
call.
Actually
so
I'll
go
ahead
and
call
on
mr
min.
Maybe
he
can
enlighten
us
to
as
to
whether
or
not
there's
somebody
else
on
the
call
and
make
sure
we
have
their
numbers,
so
they
can
also
speak.
P
Council
member
members
of
the
committee,
madam
chair,
thank
you
for
your
time.
I'm
steve
minn
with
loopy
development,
I'm
speaking
today
on
behalf
of
about
18,
affordable
housing
developers.
In
a
coalition
I
can
submit
a
letter,
but
the
majority
of
us
produce
about
80
of
the
affordable
housing
in
the
state
and
marcus
kozinga
from
james
hardy
products
is
also
participating.
He
has
a
small
presentation
that
he's
distributed
to
the
staff
for
you
to
have,
but
I'll
just
keep.
P
My
remarks
focused
on
mr
crandall's
observations,
which
I
have
been
somewhat
critical
of,
because
I
think
they're
mostly
aesthetic
issues
not
really
durability
issues.
Mr
kaizenga
can
speak
to
durability.
State
building
code
regulates
exterior
materials
rather
aggressively,
and
these
products
are
very
durable.
Cement
fiber
panel,
in
particular,
is
incredibly
useful
to
all
the
housing
industry,
not
just
affordable.
It
is
lightweight,
it
is
durable.
P
It
is
easy
to
replace
if
there
there's
a
installation
error,
it's
much
less
costly.
I
could.
I
could
produce
20
photos
of
brick
buildings
that
were
incorrectly
installed
with
buckling,
brick
or
spalling
concrete
that,
were
you
know,
millions
of
dollars
of
replacement,
including
work
that
I've
done,
that
I
had
to
go
back
and
do
under
warranty,
and
I
will
tell
you
that
every
material,
if
not
installed
correctly,
will
ultimately
produce
a
failure.
P
The
trick
is
to
install
it
correctly,
and
I
don't
believe
that
mr
crandall
is
giving
fair
license
to
the
incredible
flexibility
and
durability
of
cement
fiber
panel,
which
is
critical
to
the
affordable
housing
industry
to
keep
our
housing
options
viable.
I'm
going
to
be
real
short
about
this,
it
it's
the
perfect
material
to
match
up
with
metal
panel
in
terms
of
insulation
and
and
the
exterior
facade
it
provides.
P
Nobody
wants
one
material
on
a
building.
I
can
show
you
lots
of
ugly
all
brick
buildings
same
thing
with
all
metal
buildings.
He
happened
to
show
an
example
of
a
really
ugly
all
cement
fiber
panel
building.
Well,
okay,
I
think
he's
trying
to
you
know
tilt
your
impression
of
how
bad
cement
fiber
panel
can
be.
I
can
show
you
lots
of
pretty
buildings
that
I've
built
with
cement
fiber
panel
that
you
wouldn't
know
were
cement
fiber
panel.
P
So
I
just
want
to
make
one
last
comment,
which
is
alternative
compliance.
It
is
totally
dependent
upon
which
planner
you
get,
and
I
can
tell
you
right
now,
because
I've
done
four
projects
with
mr
crandall.
If
you
get
mr
crandall
as
your
planner
you're,
not
going
to
get
alternative
compliance
with
cement
fiber
panel,
so
we've
been
fighting
these
unregulated
guidelines
as
an
industry
for
seven
years
staff
came
up
with
these
guidelines.
P
Council
didn't
pass
muster
on
it
and
we're
now,
finally
getting
an
ordinance
where
we
can
use
all
the
materials
that
we
have
at
our
disposal
for
a
durable,
attractive
and
long
lasting
product
I'll
turn,
whatever
time's
left
over
madam
chair
to
mr
kaizenga
to
at
least
speak
to
his
product.
Thank
you
for
your
time.
Okay,.
B
Q
Okay,
council,
president
and
council
members,
thank
you
for
your
time.
Yes,
I
I
did
just
distribute
a
a
brief
packet
of
slides.
If
those
are
available,
they.
Q
Okay,
thank
you
so
very
quickly.
We're
very
much
in
alignment
with
mr
min's
proposition
that
fiber
cement
should
be
a
class
one
material,
basically
because
it
is
a
durable
material
that
durability
has
been
proven
over
the
last
30
years.
Its
impact
on
affordable
housing
and
other
projects
is
very
significant
and
bottom
line.
It
is
a
beautiful
looking
product
so
going
to
the
next
slide.
Q
As
mr
mr
min
mentioned,
the
state
of
minnesota
building
codes
specifies
that
fiber
cement
materials
must
pass
astm
c1186,
which
is
an
industry
standard.
It's
not
our
standard.
It's
a
consensus
standard
by
not
only
manufacturers
but
also
building
scientists,
architects
and
other
stakeholders,
and
in
that
standard,
are
very
specific
tests
that
must
be
passed
in
order
for
the
material
to
be
sold.
That
include,
you
know:
water,
tightness,
warm
water,
resistance
and,
importantly,
for
the
minnesota
area.
Q
Freeze
thaw
resistance,
our
hardy
fiber
cement
panels
meet
or
exceed
these
standards,
not
only
the
u.s
standards,
but
also
the
canadian
national
code
standard,
which
is
actually
is
more
even
more
stringent
standard
and
again
we
we
meet
or
exceed
those
standards,
so
it
is
durable
when
it's
installed
correctly.
Q
As
mr
min
mentioned,
you
know
brick
metal,
other
types
of
masonry
materials
are
all
subject
to
both
aesthetic
and
material
failures,
spalling
and
that
sort
of
thing,
if
they're
not
installed
properly
and
water,
is
not
managed
properly,
and
that
is
a
aspect
of
installation,
not
the
material
of
itself,
and
since
these
guidelines
are
set
up,
you
know
to
either
allow
or
disallow
use
of
materials
just
based
on
the
fact
of
the
kind
of
material
they
are.
Our
position
is
that
those
are
they're
kind
of
unfair
on
their
face.
Q
Where
you
know,
fiber
cement
is
being
limited
simply
because
it
is
a
material
and
not
because
how
it
is
used
going
to
the
next
slide
in
terms
of
proven
fiber
cement's
been
available
in
the
u.s
since
early
hardy's
fiber
cement
has
been
available
in
the
us
since
1990
it
would
and
we've
sold
over
18
billion
square
feet
of
that
material,
which
is
the
equivalent
of
about
8
million
homes.
Q
You
know,
and
but
not
take
our
word,
for
it
we've
one
of
the
only
building
materials
that
have
actually
earned
the
good
housekeeping
seal
of
approval,
which
has
to
go
through
fairly
rigorous
audits
of
our
our
not
only
the
claims
that
we
make,
but
you
know
the
materials
themselves,
the
and
not
only
good
housekeeping,
but
we're
recognized
by
consumers
as
well
as
remodelers
and
other
stakeholders
like
the
green
builder
association.
Q
So
because,
because
of
fiber
cement's
durability,
it's
deemed
to
be
a
green
material
which
is
actually
eligible
for
lead
credits
based
on
the
use
of
local
raw
materials
in
support
of
fiber
cement
in
minneapolis
and
minnesota
in
general.
You
know,
james
hardy
has
exceptional
design
and
trade
support.
We
have
eight
staff
located
in
the
metro
area
around
minneapolis
that
work
with
architects
and
builders
and
trades
to
ensure
that
proper
installation
is
supported
and
proper
design
is
supported
and
those
individuals
are
available
on
call.
Q
You
know
at
any
time
to
assist
with
proper
design
and
questions
about
installation
with
respect
to
its
impact,
as
mr
min
mentioned
you
know,
and
for
affordable
housing
projects
where
costs
are
a
big
consideration
of
the
use
of
fiber
cement
over
some
of
the
other
class
1
materials
can
have
a
very
large
impact
on
the
overall
project
cost.
Q
You
know
at
least
10
percent,
in
some
cases
20
to
25
percent
and
next
slide,
and
at
the
day
you
know
these
are
examples
of
projects
that
are
around
that
have
been
just
showcase:
the
use
of
fiber
cement,
both
in
its
lap
siding
form
and
in
its
panel
form
in
areas
around
the
country,
and
these
are
these-
these
types
of
designs
and
these
types
of
buildings.
E
Q
They
look
good,
and
not
only
in
my
opinion,
but
in
the
opinion
of
the
people
that
that
up
that
that
live
in
them
and
the
people
that
built
them-
and
that
is
I
want
to
thank
you
for
your
time,
but
that
is
our
position
is
that
fiber
cement
should
be
class,
one
and
they're
based
on
its
proven
durability,
its
impact
on
project
cost
and
the
fact
that
it's
simply
good
looking.
Thank
you.
B
Thank
you
so
much.
Thank
you
for
keeping
to
the
time
limit
as
well.
That
concludes
the
10
minutes
and
I
will
ask
if
there
are
any
questions
from
members
of
the
committee
for
mr
crandall
or
the
representatives
from
the
fiber
cement,
siding
folks.
I
guess
for
lack
of
a
better
word.
B
G
Thank
you,
madam
chair
yeah.
I
won't
be
supporting
this,
although
I
appreciate
your
work
as
well
as
the
industries
who
have
kind
of
really
pushed
forward.
I
really
again
want
to
thank
the
staff
for
the
work
that
they've
done.
I
do
feel
like
that.
G
Best
is
the
best
compromise
for
where
we're
at
right
now,
I
think
snaps
at
a
good
job
between
just
really
talking
about
how
if
these
materials
fail,
that
cost
will
be
back
on
the
city,
and
it
is
something-
and
I
think
also
the
advocates
for
hardy
board
and
for
other
fiber
cement
have
did
a
really
good
job
of
educating
us
on
where
their
product
is
the
product.
The
problem
is,
we
can't
predict
the
future,
and
so
with
the
staff
compromise
as
I'll
call
it.
G
The
real
purpose
is
to
make
sure
that
we
are
expanding,
how
much
we
are
using
this
product
and,
at
the
same
time
making
sure
things
at
the
pedestrian
level.
The
30
percent
will
still
be
a
proven,
durable,
traditional
product
and
still
allowing
developers
to
expand
what
they're
able
to
do.
I
think
it
does
fit
the
right
area
I'm
open
to.
As
we
see
more
projects
come
online
and
we
see
this
product
used
more
and
we're
able
to
see
its
durability
I'd
be
open
to
expanding
it.
I
don't
think
right.
B
Thank
you,
councilmember
schreider.
Are
there
further
comments,
seeing
none
I'll
first
move
the
amendment,
which
is
to
add
fiber
cement
as
a
class
one
material
and
ask
the
clerk
to
call
the
role
on
the
amendment
only.
C
E
G
E
G
B
That
carries
and
the
motion
is
approved.
We'll
then
move
to
our
last
item,
which
is
item
number
15..
This
is
a
loan
for
aquafire
thermal
energy
storage
system
at
the
towerside
innovation
district.
This
is
authorizing
a
two
million
dollar
loan
from
the
common
bond
fund
reserves
and
we'll
call
on
mr
hanson
to
give
his
report
please.
R
Thank
you
good
afternoon,
councilmember
goodman
and
members
of
the
committee.
My
name
is
eric
hanson,
I'm
the
city's
director
of
economic
policy
and
development,
and
today
we're
going
to
talk
about
the
tower
side,
aquifer
thermal
energy
storage
system
in
the
towerside
neighborhood
ats.
R
For
short,
next
slide,
as
you
recall,
the
aquifer
thermal
energy
storage
system
is
a
is
a
district
energy
system
that
uses
water
in
the
aquifer
to
provide
heating
and
cooling
for
buildings
through
a
system
of
pipes
that
go
in
from
the
ground
and
into
buildings
and
in
front
of
you
today
is
the
first
phase
of
this
this
project
to
provide
some
heating
and
cooling
for
three
buildings
in
the
innovations
district.
R
The
positive
aspect
of
using
this
technology
is:
it
replaces
natural
gas
as
a
heating
source
and
from
our
last
time
we
discussed
this.
It
could
save
up
to
at
full
build
up
about
500
000
tons
of
carbon
from
the
climate
or
an
estimated
21
million
dollars
if
we
use
the
city's
cost
of
carbon
at
42.46
per
ton
over
that
30-year
period
next
slide.
Please.
R
So
we
are
here
because
of
a
staff
direction
that
the
council
passed
in
july
of
2020
in
that
direction.
Staff
presented
the
project
at
the
start
of
a
feasibility
analysis
to
engage
the
city
council
on
its
interest
in
proceeding,
and
there
were
some
additional
or
some
initial
costs
for
the
project
at
that
time
and
wanted
to
gauge
your
interest
in
proceeding,
and
you
said,
among
other
things.
R
Yes,
you
would
like
to
proceed
at
the
time
we
were
looking
at
using
the
common
bond
fund,
which
is
a
revenue
bond
fund
that
we
use
for
commercial
projects.
That's
a
pooled
resource
for
development.
You
authorized
us
to
use
twenty
thousand
dollars
in
underwriting,
but
no
more,
you
wanted
to
make
sure
that
the
building
owners
put
not
only
long-term
service
contracts
any
deal
we
brought
forward,
but
also
put
deed
restrictions
on
any
future
phases
within
tower
side
to
have
to
tie
into
this
to
provide
a
stable
revenue
source.
R
R
If
there
was
one
around
tower
side-
and
you
finally
asked
us
to
return
to
the
council
once
we
have
a
deal
struck
so
next
slide,
please
so
after
taking
that
direction
from
the
council
and
working
with
the
tower
side
group
over
the
last
year
plus
we
found
we
found
out
a
couple
things
one
as
we
discussed
in
july
of
2020.
R
This
development
would
likely
need
a
credit
enhancement
for
the
nature
of
the
risk
threshold
and
the
revenue
that's
coming
in
and
as
a
as
an
aspect
of
that,
the
common
bond
fund,
as
a
pooled
fund,
was
not
an
appropriate
source
and
working
with
the
with
the
developer.
R
They
engaged
piper
sadler,
an
underwriter
of
private
activity,
bonds
to
be
a
replacement
for
the
common
bond
funds,
and
so
we'll
be
talking
about
subordinate
or
the
credit
enhancement
piece.
For
today,
the
towerside
group
committed
or
completed
its
engineering
report
and
its
return
to
findings
that
supports
this
technology.
They
agreed
to
the
law,
the
developer
of
the
abilities
agreed
to
long-term
contracts.
Indeed,
restriction
and
the
financing
you
see
in
front
of
you
will
be
that
patient
structure
that
you
requested
in
july
of
2020
next
slide,
please.
R
So
what
is
the
deal
that
we're
looking
at
the
specific
subordinate
alone
is
the
line
in
yellow.
There
are
four
sources
of
funding
for
this
first
phase:
approximately
14
plus
million
dollars
to
construct
the
ates
for
the
first
three
buildings,
the
first
two
and
the
most
significant
component
of
the
sources
are
bonds.
These
would
be
done
through
this
office
of
management
and
budget.
That
would
be
a
separate
report
that
we
would
have
to
bring
back
to
the
city
council
sometime
this
fall
or
early
next
year.
R
R
The
two
billion
dollars
is
a
supporting
loan.
I'll
talk
about
details
in
the
next
slide
and
then
the
last
component
of
the
financing
is
is
a
likely
contribution
and
a
one
million
dollar
grant
from
the
mcknight
foundation,
which
has
been
a
long-term
partner
in
tower
side
and
this
district
energy
project,
and
they
are
reviewing
an
application
right
now
and
hope
to
find
or
to
announce
something
very
soon
about
this
contribution.
R
But
it's
looking
favorable
that
mcknight
will
put
a
million
dollar
grant
into
the
project,
and
you
see
the
uses
of
the
funds
are
mainly
in
the
construction
of
the
of
the
facility,
and
then
you
know
some
reserves,
and
then
you
know
the
basically
overhead
costs
of
getting
these
bonds
set
up
next
slide.
Please,
so
the
loan
structure
is
is
is
not
in
its
final
form.
R
We
are
here
today
to
talk
about
the
loan
and
the
support
of
the
council,
because
the
you
know
it
is
required
in
order
for
the
developer,
the
towerside
team
to
move
forward
with
the
bonds.
We'll
need
to
know
that
the
city
is
supportive
of
this
subordinated
loan.
R
So
it's
a
two
billion
dollar
loan,
with
with
a
zero
interest
rate
based
on
the
climate
action
emergency
that
the
city
has
taken
in
the
previous
years.
We
believe
this
is
a
good
investment.
Considering
we'd
get
about
20
million
dollars
back
in
in
carbon
savings,
the
term
of
it
is
is
matched
with
the
bond.
The
expected
bond
term,
which
is
30
years
and
the
source
of
this
funds,
is
excess
revenues
from
that
common
bond
fund,
so
as
a
pooled
fund.
R
In
order
for
it
to
keep
its
strong
credit
rating,
the
city
has
a
trust
account
in
a
bank
that,
basically,
is
a
reserve
in
case
of
a
defaults
and
it's
you
know.
That
is
an
interest-bearing
account
and
from
time
to
time,
the
city
can
use
excess
amount
of
revenue
for
any
public
purpose
that
it
deems
a
bit.
R
Since
this
is
a
periodic
opportunity,
we
thought
this
would
be
a
good
fit
so
as
far
as
payments
based
on
the
direction
from
this,
the
from
the
city
council,
the
first
10
years,
is
essentially
the
annual
as
a
the
first
10
years
is
when
everything
is
going
to
get
set
up
and
the
buildings
are
going
to
get
built
so
we'll
be
working
with
towerside
over
those
10
years
and
looking
for
excess
revenues
to
pay
down
the
2
million
dollar
loan
and
then
in
year,
11.
Whatever
is
left
over.
R
You
know,
let's
say
it's
a
you
know:
million
and
a
half.
We
would
amateurize
that
over
the
the
last
20
years
and
we're
requiring
that
one
million
dollar
private
match.
So
if
mcknight
changes
its
mind,
which
we
don't
believe,
that's
going
to
happen,
the
tower
side
would
be
required
to
find
another
match
next
slide,
please.
R
So
what
are
the
next
steps?
As
I
said,
we
have
to
come
back
to
the
city,
4
authorization
to
get
the
to
apply
to
mmb
for
the
bonds.
At
that
same
time,
we'll
have
more
specifics
about
the
loan
terms,
so
you
can
see
what
you
know
collateral
will
have
and
how
the
city
will
be
able
to
have
those.
You
know
annual
monitoring
of
the
projects
and
and
payments
of
excess
revenues.
R
We
will
start
the
design
of
the
building
and
it
says
building
one
on
the
slide,
but
in
the
report
this
is
actually
building
two.
It's
the
100,
affordable
building,
we'll
close
on
that
building
will
close
on
its
financing
later
this
year,
and
then
we
expect
a
construction
to
start
on
the
ates
sometime
next
year.
With
that
I
will
take
any
questions
you
might
have.
B
I
don't
see
any
questions,
mr
hansen,
so
I'm
I
guess
I'll
call
on
councilmember
gordon.
D
Thank
you
very
much
and
I'm
excited
to
move
approval
for
this
item.
I
really
appreciate
the
report.
I
also
appreciate
all
the
work
that
went
into
this
and
I
just
want
to
also
thank
mark
ruff,
the
city
coordinator,
for
helping
identify
these
funds
and
there's
lots
of
community
partners
in
this
as
well.
D
This
is
something
that's
really
consistent
with
our
efforts
to
fight
climate
change
and
the
work
that
we've
done
there.
I
think
this
is
going
to
make
this
potentially
very
innovative,
although
it's
not
so
innovative
everywhere,
because
there's
many
of
these
in
the
netherlands
and
other
places
that
are
very
successful,
but
we
have
a
good
partner
in
evergreen
energy.
That's
done
all
the
testing
to
make
sure
this
will
be
successful
and
I'm
excited
about
seeing
it
move
forward.
D
I'm
also
expecting
the
system's
going
to
grow.
There's
lots
of
development
potentials
in
the
area
there,
and
it's
great
that
we
have
this
commitment
from
the
first
two
buildings,
but
we're
likely
to
see
much
more
in
the
university
village
and
motley
development
and
other
properties
up
there.
That
are
also
ready
to
tap
into
this
and
the
timing's
really
critical,
and
I
really
appreciate
the
support
from
my
colleagues
and
moving
this
forward
today.
L
I
think
I
raised
several
issues
just
to
see
what
staff
has,
in
terms
of
the
analysis
around
what
sort
of
guarantees
to
grow
out
the
system-
and
I
say
this
in
the
context
of
being
very
supportive
of
the
overall
powerside
integrated
approach,
I'm
very
familiar
with
it,
particularly
from
the
water
management
standpoint,
but
I
do
know
through
those
discussions
and
efforts
to
nail
down
actual
heart
commitments
from
the
private
sector.
Developers
was
no
small
task,
and
so
that's
kind
of
in
the
back
my
mind
here.
L
What
covenants
or
other
such
instruments
ensure
that
the
system
will
get
utilized
moving
forward?
Will
we
have
deed
restrictions
on
adjacent
properties?
Will
we
set
some
kind
of
zoning
overlay
that
would
incentivize
or
maybe
even
require
a
utilization
of
this
facility,
and
I
say
that
in
the
sense
of
being
supportive
of
the
overall
concept
of
that's
growing
out,
but
if
it
were
just
one
big
system
for
one,
maybe
even
two
buildings,
then
we'd
have
to
kind
of
throw
it
into
a
different
cost
benefit
analysis.
L
I
also
raised
the
issue-
I
think
others
did
as
well
as
the
absence
of
any
private
skin
in
the
game,
so
to
speak
from
the
the
private
entities
that
will
benefit
from
this
investment
again
very
supportive
of
the
concept,
but
having
some
discipline
around
who
gets
public
resources
into
what
end
and
then
the
final
thing
which
I
raised,
which
was
the
nature-
and
I
think
I
saw
my
colleague
councilman
gordon
jotting
things
down
when
I
was
saying
this-
the
nature
of
the
energy
efficiency
of
the
building
itself.
L
You
know
I
don't
I've
come
to
learn
that
gizmo
environmentalism
is
not
going
to
get
us
across
the
line.
Very
expensive
systems
that
support
inefficient
buildings
is
one
half
of
a
coin
that
doesn't
get
us
there
and
again.
That
throws
in
a
cost
benefit
analysis
in
terms
of
overall
efficiency
commensurate
with
this
pretty
significant
investment
with
very
clever
financing.
So
those
are
some
things
I
throw
out
for
staff
to
respond
to.
If
there
are
no
answers,
that's
fine
too,
and
I
could
do
some
follow
up
post.
This
meeting.
R
Yeah,
let
me
see
if
I
got
them
all
councilmember,
goodman
and
councilmember
reich.
So
yes,
when
we
come
back
with
the
term
sheets,
we
will
have
a
requirement.
The
property
owner
has
agreed
to
have
long-term
service
contracts,
indeed,
restrictions
on
the
property
so
that
this
these
services
will
be
able
to
connect
into
the
buildings
and
have
that
expectation
that
is,
as
councilmember
gordon
said,
to
grow
within
tower
side,
so
that
will
be
in
a
condition
of
the
loan.
R
When
the
term
sheet
comes
back
and,
as
I
said
earlier,
the
reason
we're
coming
here
is
just
to
gauge
your
interest
in
it
before
come
back
with
the
require
the
the
need
to
get
authorization
for
the
bonds.
R
The
second
one
was
financing,
you
know,
is
there
a
contribution
for
the
uses
from
the
from
the
developer
and
just
like
it
was
last
summer?
That's
that's.
No.
The
the
positive
thing
here
is
mcknight
foundation
is,
is
contributing
it's
something
that
we
put
out
from
a
staff
perspective
working
with
councilmember,
gordon,
that
the
city
would
need
a
match
of
some
sort,
and
the
towerside
group
was
is
a
non-profit,
was
working
with
mcknight
and
we're
very
fortunate
in
the
long-term
support
mcknight
has
given
to
this
project
and
and
they're.
R
You
know
like
likely
to
soon
show
it
with
a
seven-figure
donation
to
the
project
so
from
an
owner's
equity
standpoint
considering
tower
side
as
a
non-profit.
It's
probably
a
you
know,
cons
comparable
investment
into
this
system,
but
as
far
as
the
the
buildings
that
will
take
it
on
they're,
not
they're,
not
contributing
equity
to
this
project,
and
then
the
third
one,
I
think,
is
the
building
efficiencies.
I
talked
to
councilmember
reich
late
last
week.
R
I
have
not
been
able
to
look
into
the
energy
efficiencies,
I'm
not
sure
if
our
green
building
policy
applies
to
the
affordable
housing
building
yet
but
two
other
buildings
are
not
designed
and
I
think
we
have
can
have
encouragement,
but
I
think
this
council
has
been
aware
about
those
you
know,
stretch
building
codes
and
how
how
challenging
those
could
be.
R
Since
the
building
code
itself
in
the
state
is
not
as
forward
energy
forward
as
we
would
want
to
from
a
policy
standpoint
from
the
city,
so
it
makes
it
it
makes
it
challenging.
But
I
have
not
reviewed
what
the
is
it
a
lead
building
or
not
so
I'll.
I'd
have
to
get
back
to
him
at
a
different
time.
B
Okay,
councilman
reich.
Are
you
satisfied.
L
I
guess
there's
some
information
pending
and
I
will
gather
it
as
I
may,
but
these
are
very
significant
things
in
my
mind.
Thanks.
R
So
councilmember
goodman-
this
is
a
a
very
flexible
fund.
It
is
a
it
has
to
have
a
public
purpose,
but
that
public
purpose
is
broad.
Since
this
is
interest
revenue,
we
could
use
it
for
anything
from
this
project
to
affordable
housing
to
paying
for
public
service
workers
in
public
works
or
buying
fire
trucks.
It's
basically
anything
that
has
a
government
public
purpose.
So
it's
a
very
flexible
source.
B
And
it's
a
source
that
up
up
until
the
time
at
which
you
were
working
on
this
was
known
to
staff,
but
not
programmed
within
any
budget,
so
it
could
be
used
for
the
unsheltered
homelessness
crisis.
We
have
right
now
where
people
are
living
in
public
land,
mndot,
cped
property
all
over
the
city
is
this
money
that
could
be
used
to
do
another
avivo
village.
As
an
example.
R
Madam
chair,
yes,
it
could
be
used
for
for
anything.
We
are.
We
identified
this
source
after
you
know
basically
trying
to
turn
over
every
every
rock.
R
We
could
find
to
find
that
credit
enhancement
when
we
discussed
this
with
the
council
back
in
summer
of
2020,
we
talked
about
set
aside
setting
aside
of
funds,
you
know
probably
equal
to
the
the
bond
amount
so
about
a
14
million
dollar
fund
that
could
be
used
to
draw
on
it
as
a
credit
enhancement
in
order
for
the
bonds
to
work,
and
we
found
out
that
that
would
be
more
challenging.
R
You
know
we
get
more
interest
every
day
with
that
account,
and
then
this
loan
would
come
back.
But
to
your
point
it
is
very
flexible,
but
we
are
proposing
this
based
on
the
direction
the
city
council
gave
us
back
in
the
summer
to
come
back
with
the
deal
and
a
two
million
dollar
investment
in
this
project,
so
that
we
can
get
a
21
million
dollar
carbon
savings
we
think
is.
Is
it's
prudent
to
bring
it
back
at
this
time.
B
R
R
H
B
B
And
then,
lastly,
what's
what
is
your
experience?
I
guess
I
could
share
mine
in
any
development
project
where
the
person
proposing
the
project
has
no
money
in
the
deal
I
mean
other
than
the
viking
stadium,
maybe
which
maybe
we
could
maybe
argue
about
that
for
a
while
kam
and
I
are
on
the
same
side
of
that.
What
are
other
projects
where
the
developer
actually
wouldn't
have
any
skin
in
the
game
of
their
own
equity?
B
I'm
confused
as
to
why
the
city
is
essentially
paying
for
and
financing
an
energy
improvement
for
a
private
developer,
I'm
worried
that
they
won't
all
be
signed
up
and
then
it
could
be
one
or
two
buildings.
So
what's
your
experience
with
that
on
the
economic
development
side,
it
certainly
doesn't
happen
on
the
housing
side.
Yeah.
R
Madam
chair
is
a
good
point
to
raise
that.
I
think
it's
it's.
You
know
like
all
of
these
economic
development
projects.
It's
nuanced,
so
we
look
at
this
development.
The
actual
utility,
the
the
operator
of
of
the
or
the
owner
of
the
development
is
tower
side
as
a
non-profit
and
it
does
support
private
buildings
and
those
private
equity.
R
Those
private
building
owners
aren't
providing
equity
for
this
for
the
construction
of
the
of
the
system,
but
they
are
providing
a
guarantee
that
they
will
tap
into
the
system
and
provide
the
revenue.
So
there
is
some
expense
to
the
private
buildings
that
are
coming
into
this
development,
and
so
when
we
talked
about
the
credit
enhancement
outside
of
bonds,
we
did
say
that
it
was
important
that
the
that
the
towerside
nonprofit
get
a
you
know
a
source
of
funding,
and
so
that
mcknight
contribution,
I
think,
is
this.
R
You
know
similar
to
a
you
know
an
equity
infusion,
because
it's
a
grant
the
city
doesn't
have
a
liability
to
pay
it
back.
The
towerside
group
is
bringing
it
it's.
It
is
a
grant
to
the
towerside
group
not
to
the
city,
and
so
we
could.
We
could
say
that
that's
a
equity
equivalent
in
this
deal.
D
I
think
I
already
did,
and
I
did
want
to
move
approval
I'll
also
just
note
to
council,
member
wright's
questions
and
those
were
good
questions.
We
had
one
developer
that
was
looking
at
something
right
across
from
university
avenue
and
was
absolutely
excited
about
this
and
saw
this
as
a
major
energy
savings.
So
I
I
think
it's
going
to
be
in
money
saver.
D
I
think
it's
going
to
be
irresistible
for
the
next
to
come
along,
even
though
there
aren't
those
deed
restrictions
yet
in
place,
because
we
don't
have
those
developments
but
for
the
two-
and
I
think
those
developments
will
cost
millions
and
millions
of
dollars
to
construct
and
they're
ready
to
put
in
the
infrastructure
to
accept
this
energy.
D
D
I
also
think
that
the
buildings
are
going
to
want
to
do
these
enhancements
in
terms
of
energy
efficiency
that
they
can
and
try
to
get
down
to
net
zero
with
this,
so
we'll
certainly
see
how
that
goes,
and
I'll
also
just
note
that
I'm
was
happy
that
we
got
down
to
the
two
million
instead
of
the
three
that
would
mark
the
previous
city
coordinator
rough
said
was
available
to
us
and
I
think
that's
significant,
and
so
I
appreciate
thinking
about
what
we
those
sources
might
go
to,
and
I
appreciate
council
member
goodman's
points
about
that.