►
From YouTube: February 9, 2022 Board of Estimate and Taxation
Description
Additional information at:
https://lims.minneapolismn.gov
B
B
B
B
Thank
you
for
holding
that
space.
Before
we
move
on
to
the
agenda,
I
would
like
to
start
with
today's
land
acknowledgement,
and
I
would
like
to
remind
us
that,
while
we
are
not
a
policy
making
body,
we
do
make
decisions
about
our
city's
money
where
and
how
much
we
invest
and
divest
black
americans
didn't
come
here
in
the
pursuit
of
happiness.
B
B
We
have
both
the
duty
and
an
obligation
to
make
financial
decisions
that
create
a
foundation
to
govern
for
the
collective
good
and
that
centers
and
prioritizes
those
that
continue
to
suffer
from
systemic
and
institutional
harm
at
the
hands
of
those
who
hold
the
power
over
policy
and
fiduciary
decisions.
I
ask
of
you,
my
esteemed
colleagues,
to
hold
these
truths
close
and
dear,
while
we
embark
in
our
work
the
public's
work
over
the
next
four
years,
especially
when
it
comes
to
decisions
that
affect
land
back
and
reparations,
as
well
as
other
critical
decisions
with
that.
B
B
F
Thank
you
chair,
please
simpson,
and
I
too
really
do
appreciate
those
comments.
Those
sentiments
acknowledgements
particularly
the
moment
of
silence
at
the
initiation
of
the
meeting,
but
also
the
landing
acknowledgement
and
the
the
you
know
the
fiduciary
responsibilities
that
that
you
held
up.
You
know
I
I
do
want
to
just
really.
F
F
Process
for
the
city
of
minneapolis
commission,
if
you
will
that
work
group
actually
did
complete
their
their
their
charge
and
the
recommendation
was
to
create
a
truth
and
reconciliation
commission.
You
know.
I
will
note
that,
certainly
in
st
paul-
and
I
reference
this
because
you
know
the
email
that
we
all
received
earlier
this
week
in
st
paul-
they
are,
they
have
a
work
group
specifically
using
the
language
reparations.
F
I
personally
believe
that,
if
you
tell
the
truth-
and
you
seek
reconciliation,
there's
a
middle
step
in
that
process
which
is
reparations,
and
so
this
truth
and
reconciliation
commission
will
most
likely.
I
mean
the
only
conclusion
that
they
can
come
to.
In
my
mind,
is
some
level
of
reparations
to
that
end.
F
Now
we
do
know
that
there
is
likely
an
incalculable
amount
of
stolen
labor
that
has
occurred
for
primarily
africans
enslaved
africans.
In
this
country,
and-
and
I
know
many
scholars
have
tried
to
quantify
that
number
and
it's
it's
just
literally
impossible.
So
so
we
have
to
think
of
representations
beyond
a
financial
number.
That
is
not
to
say
that
financial
investments
are
not
a
part
of
that
reference
reparations
model,
but
I
believe
that
it
needs
to
extend
beyond
that
and
to
include
home
ownership
economic
development,
education.
F
So
thank
you
chair
chris
simpson,
for
just
allowing
me
to
elaborate
on
that
concept
a
little
bit
more,
and
I
look
forward
to
working
with
all
of
you
to
to
really
continue
to
to
try
to
lift
up
the
oppressed,
the
marginalized,
the
members
of
our
communities
that
have
been
deeply
impacted
by
the
social
inequities,
both
racial,
economic
and
otherwise
in
our
communities.
Thank
you.
B
D
B
C
C
B
F
B
C
B
That
motion
passes
and
the
minutes
are
accepted
as
presented.
We
move
to
our
next
section,
which
is
public
comment
item
three
on
your
agenda
is
the
acceptance
of
public
comment.
We
welcome
members
of
the
public
to
make
public
comments
related
to
current
board
business
for
our
newly
adopted
bylaws
amendment.
The
public
comment
period
will
be
limited
to
10
minutes.
The
clerk
informs
me
that
we
have
one
person
signed
up
to
speak
today
and
you
will
be
given
two
minutes
to
speak
at
this
time.
B
B
All
right
well
seeing
that
we
have
nobody
in
queue
to
speak.
I
would
draw
my
motion
to
suspend
the
rules
at
this
time
and
we
will
move
forward
with
the
rest
of
our
agenda.
Should
that
person
come
on
the
line
later,
we
could
make
a
motion
to
hear
at
the
end,
but
for
now
we
will
move
on
with
our
agenda,
which
is
item
four
on
your
agenda,
which
is
a
presentation
from
ellen
hoppe,
the
director
of
banking
investments
and
debt.
G
While
we're
waiting
for
the
next
slide,
the
next
slide
just
talks
about
the
background
we
have
for
your
reference,
three
key
staff
members
working
on
debt
with
the
general
issuance
of
the
city's
debt.
There's
an
economic
development
group
which
issues
debt
which
in
some
cases
may
come
through
the
bet
in
many
cases,
will
not
just
because
it's
not
tax,
supported
or
not
backed
by
the
city's
general
obligation
pledge
for
myself.
G
I
have
a
four
day
I
won't
read
through
all
of
this,
but
basically
I've
got
four
decades
of
experience
and
finance
for
three
of
those
decades
in
public
finance,
working
for
government
and
the
debt
issuance
process.
The
other
territory
that
our
group
covers
includes
banking
investments
in
the
city's
credit
card
program.
G
We
also
have
dave
wheeler,
and
this
is
now
the
dave
wheeler
of
the
board
of
estimate
taxation.
This
is
a
new
dave
wheeler
who
just
joined
us
last
week.
He
has
six
years
of
experience
working
with
a
municipal,
advisor's
advisor,
helping
governmental
entities,
issue
debt
and
then
our
accountant,
jeff,
metz
and
he's
been
with
us
for
15
years.
So
he's
the
most
familiar
with
the
city's
debt
and
administration
of
that
debt
next
slide.
Please.
G
G
G
G
This
goes
pretty
smooth
unless
or
some
surprise
kind
of
event
going
on
in
the
marketplace
to
reject
bids.
Most
most
often,
we
know
where
interest
rates
are
at.
We
know
what
to
expect
and
we're
going
to
move
forward
with
approving
the
best
bid,
which
is
typically
the
lowest
interest
rate
or
interest
cost
to
the
city.
Next
slide.
G
Everybody
was
moving
pretty
slow
at
that
point
in
time,
and
so
death
issuance
overlapping
dead
load
was
relatively
stable,
but
it
has
taken
off
since
then.
So,
if
you
compare
the
present
overlapping
debt
to
back
10
years
ago,
you
can
see
it.
It
has
basically
doubled
some
of
that's
inflationary,
of
course,
and
so
it's
all.
These
are
based
on
the
various
capital
needs
of
the
different
entities
that
are
issuing
debt
next
slide.
Please.
G
So
this
is
kind
of
the
same
thing,
but
this
picture
is
of
the
city's
debt
tax
supported
debt,
and
here
we
have
about
10
or
11
years.
Excuse
me,
and
in
this
particular
case
you
can
see
that
debt
is
relatively
stable
and
in
fact,
on
the
far
right
is
the
city's
current
outstanding
tax
supported
debt
and
in
a
general
sense
you
can
see
just
by
the
shape
of
these
lines
or
the
level
that
compared
to
10
or
11
years
ago,
we're
at
the
same
point.
G
So
I
think
you
can
step
back
from
this
and
see
that
the
city
has
been
not
highly
aggressive
when
it
comes
to
issuing
debt
and
spending.
If
you're,
just
looking
at
the
numbers,
you
would
say
it's
been
a
pretty
conservative
approach
to
debt
issuance
and
this
number
on
the
far
right.
The
0.79
just
gonna
hang
on
to
that
number
for
a
minute.
Well,
that's
0.79
billion
I'll.
Come
back
to
that
in
a
couple
minutes
and
next
slide.
Please.
G
We
I've
listed
them
out
here
and
I'll
just
cover
and
breathe
briefly,
the
bottom,
the
bottom
line
there
is
the
enterprise
I'm
working
backwards
here.
The
bottom
line
is
the
enterprise
stuff,
as
utilities
that
I
talked
about
before,
and
then
the
then
we
have
a
mixed
support,
which
is
sometimes
supported
by
a
levy
and
sometimes
supported
by
assessments
against
individual
property
owners.
G
So
we
actually
have
a
mix
when
it
comes
to
improvements
such
as
street
improvements,
so
things
like
that
and
then
the
these
these
bottom
two
groups
again
covering
about
50
of
the
debt,
the
other
fifty
percent
is
right
here
in
these
top
three,
which
I
indicate
levied
so
we're
actually
doing
the
levy
to
pay
the
debt
service
on
the
various
purpose,
balance
the
capital,
improvement
bonds
and
the
charter
bonds,
the
charter
bonds
and
the
cip
bonds.
Those
were
done
primarily
for
the
city
hall,
the
public
service
building.
G
G
We
don't
want
to
bond
for
something
today
and
sit
on
the
proceeds
for
two
years
and
never
spend
it.
We'll
get
some
penalties
with
that.
So
we
have
to
be
judicious
about
how
many
municipal
bonds
we're
going
to
put
out
in
the
marketplace
and
basically
go
lockstep
with
the
cash
that's
going
to
be
spent.
So,
if
we're
going
to
spend
75
million
this
year,
that's
what
we're
going
to
issue
we're
not
going
to
get
carried
away
with
this.
We
also
don't
want
to
cut
it
too
short
either,
but
next
slide
please.
G
G
G
G
G
We
have,
as
you
saw
this
number
I
believe,
is
slightly
more
current,
but
excuse
me
that's
subject
to
limit
0.3
billion
round
numbers
and
the
bottom
line
there
is
we've
incurred
about
14
percent
of
our
capacity
85
still
available.
I
don't
perceive
that
percentage
changing
dramatically,
based
on
everything,
that's
baked
in
the
cake,
so
to
speak
with
the
capital
budget.
G
Last
slide
I've
got
here.
Is
this
one
right
here,
just
kind
of?
If
you
didn't
already
know,
let's
give
you
some
insight
here
in
our
credit
ratings,
essentially
the
I
think
the
investment
industry
treats
us
as
a
triple
a
credit.
In
fact,
standard
and
poor's
has
this
as
a
triple
a
fetch
ratings
as
a
double
a
plus,
so
the
next
move
up
is
would
be
toward
the
triple
a
and
fitch
does
have
a
positive
outlook
for
our
rating,
which
means
nothing
changed
or
things
continued
on
the
path
they
are.
G
Oh,
we
probably
are
looking
at
a
tripoli
it's
in
the
near
future
for
fish,
but
I
wouldn't
dare
predict
when
that
might
happen,
and
it's
based
on
other
elements
that
are
beyond
people's
control.
Sometimes
we
do
have
a
radiant
from
moody's
and
that's
a
double
a1,
so
the
next
move
up
with
that,
would
put
you
back
in
the
triple
a
we
don't
currently
use
moody's
on
our
bond
issuance.
G
G
Nevertheless,
moody's
did
rate
us
in
the
past
and
they
continue
to
rate
us
and
we
supply
them
with
information.
We
answer
their
questions,
and
so
they
will
continue
that
rating
for
the
time
being,
the
first
two
were
paying
money
for
the
third
one,
we're
not
paying
anything
for,
and
that
kind
of
wraps
up.
My
basic
presentation
on
bond
issuance
that
chair.
B
G
G
G
President
priest
incident
a
board
member
event,
so
I
would
stroll
I
don't
mean
to
avoid
the
question,
but
that's
something
that
the
city
assessor
would
be
most
inclined
to
respond
to.
I
think
we
all
know
that
things
have
been
changing
and
that's
a
big
question
as
to
where
we're
going
to
end
up
with
this
it,
because
we
have
so
much
capacity
in
our
debt.
D
I
have
a
series
of
questions
with
the
indulgence
of
the
chair.
I
can
run
through
them
and
a
director
hoppy
can
respond.
I
wonder:
okay,
thank
you,
director
hoppy.
I
wonder
if
you
could
give
us
an
estimate
as
to
how
much
the
geo
pledge
in
terms
of
basis
points,
typically
reduces
the
cost
of
the
enterprise
revenue
bonds.
G
D
Okay,
thank
you.
You
mentioned
the
independent
financial
advisor.
I
believe
the
selection
of
the
advisor
is
a
staff
function.
If,
if
I
recall
correctly,
unlike
hennepin
county,
where
it
seems
to
be
a
political
decision,
but
am
I
correct
in
that
and
how
long
is
each
selection
for?
Is
it
for
a
period
of
term
of
years
or
how
do
you?
How
often
do
you
review
that.
G
President
stinson
and
a
board
member
brand
you're
correct
in
the
first
part
of
your
discussion
there
that
it
follows.
We
follow
the
typical
city
procurement
process
for
our
municipal
advisor
procurement,
same
thing
with
bond
council,
other
typically
contracts
that
are
done
for
three
years
with
two
one-year
extensions
allowed.
D
I
noticed
that
the
trend,
as
you
noted,
is
upward
in
the
overlapping
debt,
which
of
course
affects
minneapolis
taxpayers
and
I'm
assuming
that
the
figures
that
are
listed
in
that
chart
are
for
the
total
overlapping
debt,
not
just
the
portion
that
falls
on
the
minneapolis
share
of
say,
for
example,
hennepin
county.
Is
that
correct.
G
That's
that
is
correct,
that
this
is
total
county
board
member
brand
total
county
total
school
district.
It
has
not
been
parsed
out
to
just
the
boundaries
of
the
city.
It
is
relative,
I
think,
in
the
sense
of
the
trend
that
the
debt
has
gone
up,
whereas
the
cities
hasn't
regardless
of
where
you
reside.
Now,
I
didn't
do
a
comparison
with
other
cities
in
the
county
or
in
the
school
district,
but
this,
if
you're
a
taxpayer
in
minneapolis.
G
G
The
president
priest
stinson
board
member
brad-
I
can't
speak
specifically,
but
I
can
say
that
if
it's
a
tax
anticipation
that
would
be
paid
by
anticipated
taxes-
and
so
you
wouldn't
necessarily
do
additional
tax
levy
to
pay
for
those
certificates.
So
implicitly,
the
answer
is
probably
yes.
This
is
a
practical
matter.
G
D
Was
almost
all
regardless
of
the
source
of
repayment
and
whether
it's
the
levy
or
you
know
for
rents
that
used
to
be
paid
to
private
land
owners
that
are
now
coming
to
the
city
or
cash
reserves
or
some
other
source
is
it?
Is
it
all?
Is
it
all
backed?
Is
the
building
virtually
all
leveraged
at
this
point,
regardless
of
the
source
of
repayment.
G
D
And
in
your
review
of
the
types
of
levy
backed
debt,
the
type
of
debt
I'm
most
familiar
with
as
a
as
a
quick
member
emeritus
is
net
debt
bonding.
Although
certainly
there
are
enterprise
bonds
that
come
into
play
there,
which
category
would
net
debt
bonding
fall
in
within
the
larger
categories
that
you
have
there.
G
D
D
G
G
D
D
You
mentioned
that
we
have
about
we're
using
about
14.4
of
our
debt
limit,
given
the
I'll
call
it
an
infrastructure
gap
that
was
pointed
out
in
the
2020
debt
report
to
the
council,
which
shows
between
2023
and
substantial
gap
between
the
dollar
value
of
projects
that
were
requested
by
city
departments
and
the
council's
five-year
allocation
of
bonding
particularly
net
debt.
Bonding
I'm
curious
if
we
were,
to,
let's
hypothetically,
say,
double
that
14.4
to
about
29
of
of
the
of
the
legal
limit.
G
G
F
F
G
President
priestensen
and
board
member
jenkins,
thank
you
for
the
questions.
The
bond
rating
agencies,
all
three
have
their
property
proprietary
rating
schemes,
so
the
first
one
top
of
the
line.
We
got
that
and
that's
excellent.
That's
what
you
like
to
be
at
the
top
for
all
of
them.
The
other
two
are
essentially
identical.
They
just
use
different
schemes,
so,
in
the
case
of
you
got
the
double
a
with
the
plus
double
a
without
a
plus
double
a
with
a
minus.
G
Exactly
we're
at
a
on
a
scale
of
10,
with
10
being
the
best
we're
at
a
10
with
s
p
and
we're
at
like
9.5
or
9.6,
with
the
other
two
got
it.
Okay,
thank
the
the
rating
agencies.
When
we're
ready
to
go
to
bond,
we
will
typically
contact
the
touring
agencies,
although
moody's
contacts
us
independently
because
we're
not
paying
them,
but
we
do
have
city
staff
sitting
down
or
conversing
with
the
rating
agencies
who
is
in
that
typically
it'll
be
the
cfo
myself.
G
Whatever
else
is
going
on,
so
there's
a
good
chance
that
the
deputy
cfo
will
be
present
if
we
have
a
special
need
wherever
that
need
is
coming
from
for
focus,
we
may
reach
into
a
director
of
one
of
the
departments
to
talk
about
a
particular
specialty
or
basically
get
the
subject
matter.
Expert
a
good
chance
said:
we'll
have
the
controller
in
the
room,
who's
most
current
and
all
the
numbers,
and
then
the
budget
director.
I
think
I've
got
everybody.
F
H
G
G
And
then,
if
we
had
some
significant
change,
we
might
reach
out
to
them
and
let
them
know
about
something
you
always
want
to
keep
your
banker
in
perform
and
while
they
don't
provide
the
money,
they
provide
the
credit
rating
as
part
of
the
mix
and
if
they
have
some
unique
thing
some
years
ago,
they
all
ramped
up
their
focus
conventions.
So
they
reached
out
in
some
cases
and
did
a
special
deep
dive
on
pension
risk
and
exposure.
B
G
President
free
stinson,
we
sold
bonds
in
october
in
conjunction
with
that
bond
sale.
We
worked
with
fitch
and
s
p
and,
let's
see
we
are,
it
might
have
been
the
end
of
january.
We
started
conversations
with
moody's
or
they
reached
out
to
us
to
do
their
annual
review
so
we're
in
conversations
with
them,
and
I
believe,
we're
meeting
next
week
with
them
to
wrap
that
up.
B
Great
and
then
my
last
question
was
around
the
public
service
building
the
new
one.
What
did
we
what's
the
current
status
of
the
previous
building
that
we
were
using,
which
I
believe
is
on
4th
street
kind
of
caddy
corner
to
city
hall,
where
voter
services
and
some
other
services
were
held?
Are
we
selling
that
building
or
is
it
still
in
use
for
other
purposes?.
G
I
President
priestenstein,
I
could
answer
that
question
for
this
board.
The
the
old
building
is
currently
being
used
for
other
purposes.
Cpad
director
would
need
to
answer
as
to
the
timing
of
the
sale
of
that
building.
I
know
we
were
planning
to
sell
the
building,
but
since
we
found
other
uses
for
the
interim,
that
sale
might
be
put
off
for
a
little
bit
longer.
B
I
D
B
E
B
B
I
do
have
it
in
front
of
me
so
I'll
go
ahead
and
read
it
before
we
move
on
to
our
last
agenda
item
here.
So
this
comment
comes
from
charlie.
I
do
not
know
how
to
pronounce
the
last
name,
but
it
is
n
e
j
e
d
l
y
for
the
last
name,
and
the
comment
reads
as
follows:
the
city
must
utilize
a
public
housing
tax
levy.
More
funding
is
needed
not
only
to
maintain
and
make
necessary
improvements
to
mpha
facilities,
but
also
to
add
more
units
to
meet
the
soaring
demand
for
affordable
housing.
B
B
D
D
D
Is
this
something
we
defer
to
the
council
on
or
is?
Would
it
be
helpful
to
request
at
some
point
that
the
public
housing
authority
update
us
on
their
plans
or
whether
they
would
like
a
levy
and
how
they
would
use
it,
whether
it
would
be
for
new
housing
rehab
for
existing
public
housing,
traditional
public
housing
or
some
other
form
of
affordable
housing
that
isn't
necessarily
publicly
owned?
D
D
B
J
B
K
I
yeah
president
free
state.
I
don't
really
have
much
to
add
to
what
tony
just
mentioned.
You
know
the
job
of
the
board
set
the
maximum
tax
levy
for
levees
that
are
created
by
law
or
pursuant
to
the
charter.
So
there's
not
the
capability
to
just
create
a
new
levy
and
set
a
maximum
for
that.
It
has
to
be
a
maximum
ability
that
already
exists,
but
but
you
know
so,
but
it,
but
as
tony
mentioned
you
know,
there's
no,
you
know
rule
or
restriction
on.
D
B
Dan
before
I
give
you
the
floor
just
to
the
ad
for
existing
additional
clarification
to
what
vice
president
brent
asked
do
are
do
some
of
our
levies
actually
have
a
sunset
date,
so
I
know
that
we
have
some
levies
that
will
expire
or
sunset
if
you
will
in
2034
approximately
so
with
that
levy.
If
it
did
exist
at
one
time,
would
there
be
language
indicating
that
it
that
there
was
a
sunset
date
to
that
which
would
then
not
allow
for
us
to
then
set
a
maximum
levy.
K
You
know
I
will
say
that
in
general
you
know
it
depends
on
if
it
is
a
levy
that
is
able
to
be
imposed
by
the
city
that
is
created.
You
know,
pursuant
to
the
law
or
the
charter.
So
to
the
extent
there
is
a
levy
out
there
that
you
know
is,
you
know,
created
pursuant
to
a
lot
of
the
charter
that
is
not
being
imposed.
K
Yeah
the
board
could
set
a
maximum
for
that
levy.
I
will
note
that
the
board
just
says
the
maximum,
so
that
lobby
is
actually
would
be
applied
within
the
maximum
set
by
the
board
by
the
city
council.
So
you
know
if
the
board
went
and
said
a
maximum
levy
you
know
under
under
something
that's
created
by
law.
I
mean,
of
course,
that
levy
would
not
be
imposed
until
you
know
the
city
council
actually
adopts
the
budget
and
opposes
the
levy.
K
You
know,
I
think,
to
your
second
question:
with
respect
to
sunsets,
I
can't
answer
that
one
directly,
either
without
looking
into
it
or
what
specifically
we're
talking
about,
but
I
think
certainly
it
would
be
feasible.
You
know
there
are
certain
pension
levies
out
there
that
offset.
I
don't
really
know,
but
I
think
many
of
them
are
are
connected
to.
K
You
know
absorption
by
the
state
of
certain
city
of
minneapolis
pension
funds,
where
we
owe
an
obligation
to
the
states
to
you,
know
kind
of
compensate
them,
for
you
know
the
actuarial
cost
of
that
merger,
and
you
know,
I
believe
that
it
is
those
actually
are
not
set
by
the
board.
You
know
they
are
required
for
us
to
be
imposed
by
law,
but
you
know
I
do
believe
that
those
would
be
an
example
of
a
levy
that,
like
once
the
actuarial
cost
is
incurred.
K
You
know,
I
think
the
department
of
revenue
and
state
law
there
would
have
it
sunset,
so
it
could
be
hypothetically
possible
if
there
would
be
another
levy.
You
know,
that's
that's
optional!
That
could
be
under
the
board's
purview.
That
would
also
have
a
sense
that
I'm
just
not
off
top
my
head
aware
of
any.
B
B
B
B
Wonderful,
thank
you.
The
resolution
reads
as
follows:
whereas
anthony
j
sturley
was
hired
as
the
senior
financial
advisor
to
the
board
of
estimate
and
taxation
in
july
of
2021
and
has
served
with
integrity,
dedication
and
a
strong
sense
of
leadership
during
his
tenure
with
the
board
and
whereas
mr
sterli
assisted
with
city
bonding
processes,
providing
feedback
on
the
official
statement
reviewing
and
selecting
winning
underwriting
bids.
D
D
As
you
know,
over
the
years
the
board
used
to
have
a
full-time
executive
secretary,
the
last
two
people
to
hold
that
position
served
a
combined
53
years,
for
whatever
reason,
the
board
three
years
ago
went
to
part-time
status
for
this
position
and,
as
a
result,
we've
had
two
people
hold
the
position
in
the
last
three
years,
with
gaps
between
them
and
we'll
have
another
gap.
Here,
as
we
look
for
somebody
new,
there's
a
cost
to
that
in
terms
of
institutional
memory,
we'll
have
gaps
in
the
ability
of
the
board
to
have
its
independent
staff.
D
D
The
hope
I
just
want
to
say
I
hope
this
is
the
last
staff
farewell
resolution
I
vote
on
and
I
want
to
vote
for
a
full-time
executive
secretary.
I'm
I'll
leave
it
at
that,
but
tony.
Thank
you
very
much
and
I
really
appreciate
the
skill
with
which
you
brought
us
chair
president
priest
stinson,
and
I
on
board.
B
B
That
would
be
a
part
of
executing
on
those
priorities
to
get
me
critical
information
to
help
shape
what
my
priorities
would
be
and
how
I
would
work
together
with
my
colleagues
to
hopefully
accomplish
those
things.
Your
availability
and
accessibility
has
been
greatly
appreciated
and
I
can
honestly
say
that
I
would
not
have
had
the
positive
start
that
I
did
on
this
board
most
particularly
as
serving
as
president
of
the
board.
B
If
I
did
not
have
you
at
my
side,
so
I
just
want
to
express
my
gratitude
for
all
that
care
and
dedication
and
your
wisdom
and,
like
we
said
in
the
resolution
we
wish.
I
specifically
wish
you
very
well
on
your
future
endeavors
and
thank
you
very
much.
I
will
recognize
member
men's
next
and
q,
followed
by
council
president
jenkins.
E
I'd
like
to
echo
a
lot
of
those
sentiments,
and
just
personally
say
thank
you
to
tony
who
I
met
tony
about
four
years
ago,
four
or
five
years
ago,
before
my
first
run
and
for
office
and
I've
maintained
a
relationship
and
always
been
able
to
ask
him
for
advice,
and
he
always
knows
what
to
do.
He
has
really
great
knowledge
of
systems
that
are
complex,
and
I
know
that
he'll
have
success
wherever
he
goes,
we
are.
E
We
are
less
because
we
will
not
have
tony
in
the
current
position
he's
in
and
although
I
would
also
like
to
echo
vice
president
brandt's
plea
for
us
to
find
a
way
to
hire
someone
full-time
so
that
we
can
maintain
some
consistency
with
the
difficult
and
complex
work
that
is
entailed
on
the
board
investment
taxation,
and
I
know
that
I
will
be
advocating
for
that
and
be
willing
to
support
a
future
resolution
around
that.
I
was
hoping
that
it
might
even
be
on
the
agenda
today,
but
tony
you
will
be
missed.
F
You
chair
priest,
stenson,
and
I
just
want
to
express
my
gratitude
to
mr
surly
for
service
to
the
city
of
minneapolis,
and
you
know
helping
us
to
this
point.
I
I
hate
I
didn't
get
the
same
kind
of
introduction
to
the
board
and
and
to
this
work
that
some
of
my
colleagues
here
receive,
but
I
know
the
city
council's
process
was,
I
mean
I
think
we
I
got
elected,
to
serve
on
this
board
and
then
we
had
a
meeting
the
very
next
day.
B
Now,
whether
we're
talking
about
covid
the
racial
equity
emergency,
any
of
those
things-
and
so
we
asked
for
a
new
report
and
the
estimated
time
for
that
to
be
completed-
will
be
at
the
before
april.
So
sometime
between
now
and
the
end
of
march,
we
should
be
receiving
that
report
and
it
will
go
on
our
agenda
so
that
we
can
have
discussion
around
what
this
report
has
discovered
as
it
relates
to
the
current
needs
of
this
board.
J
It
really
does
does
mean
a
lot
you
know
serving
this
board
has
been
a
tremendous
honor
and
again
I
just
want
to
reiterate
that,
as
I
transition
back
into
the
role
of
of
citizen
of
the
city
that
I
know
what
important
work
you
all
have
ahead
of
you
and
please
know
that
you
will
continue
to
have
my
support
in
that
capacity.
So
thank
you.
B
H
Carl,
thank
you,
madam
president.
I
simply
wanted
to
offer
our
thanks
and
appreciation
to
tony
for
his
work
on
behalf
of
the
city
of
minneapolis
and
on
behalf
of
all
of
the
staff
with
whom
he
worked,
though
brief.
Of
course
tony
has
been
a
very
positive
influence
within
the
city
enterprise,
as
noted
in
your
honorary
resolution.
Thanking
him,
I
think
all
of
you
have
said
this,
but
on
behalf
of
the
staff
who've
worked
with
him.
Tony
is
a
consummate
professional.
He
brings
enthusiasm
and
a
very
strong
work
ethic
to
everything
that
he
touches.
H
He
has
been
an
advocate
for
this
board
and
its
independent
role
within
the
city's
complex
government
structure,
and
I
tony
want
you
to
know
that
your
colleagues
and
your
friends
here
wish
you
nothing,
but
the
very
best
in
your
next
adventures,
which
I
am
certain,
will
bring
a
lot
of
exciting
opportunities.
Your
way
so
best
to
you
and
keep
in
touch
with
us,
as
you
find
your
next
adventure.
B
You
are
most
welcome
and
thank
you
to
the
clerk's
office,
I'm
not
going
to
sit
up
here
and
pretend
that
this
resolution
happened
simply
by
myself.
So
thank
you
to
the
clerk's
office
for
helping
to
get
that
resolution
together
so
that
we
could
present
it
to
mr
sterli
before
he
starts
his
new
venture.