►
From YouTube: April 12, 2023 Board of Estimate and Taxation
Description
Additional information at:
https://lims.minneapolismn.gov
Submit written comments about agenda items to: councilcomment@minneapolismn.gov or https://www.minneapolismn.gov/government/meetings/public-comment/online-comment
A
Good
afternoon
and
welcome
to
the
regular
meeting
of
the
board
of
estimate
and
Taxation
for
April
12
2023
I
am
Samantha
priest
Denson,
the
president
of
the
bet,
ayushi
her
Aya
pronouns
and
our
meeting
takes
place
on
Anna
shanabe
land.
At
this
time,
we'll
ask
the
clerk
to
call
the
roll,
so
we
may
verify
the
presence
of
a
quorum.
B
A
Thank
you
and
let
the
record
reflect
that
we
have
a
quorum
and
we
will
now
proceed
to
our
agenda,
a
copy
of
which
is
posted
for
public
access
on
the
city's
legislative
information
management
system,
which
is
available
at
limbs,
dot,
Minneapolis
mn.gov.
We
now
move
to
the
adoption
of
our
agenda,
which
you
have
before
you
board
members
may
I.
Please
have
a
motion
to
adopt
the
agenda.
A
Is
there
a
second?
Second,
we
have
a
proper
motion
before
us.
Is
there
any
discussion
with
that,
seeing
none
all
those
in
favor
say:
aye,
aye
aye,
those
opposed,
say,
nay,
the
eyes
have
it
and
the
agenda
is
adopted.
Moving
on
to
the
acceptance
of
minutes
from
the
January,
2nd
2023
meeting
May
I,
please
have
a
motion
to
accept
both
sets
of
minutes
great.
We
have
a
proper
motion
before
us.
A
Is
there
any
discussion,
any
discussion
seeing
none
of
those
in
favor
say
aye
aye,
those
opposed,
say
name
the
eyes
have
it
that
moves
us
on
to
public
comment?
Is
there
anyone
here
for
public
comment,
nope
all
right?
One
thing
I
will
draw
our
attention
to
is
that,
although
we
don't
have
public
comment
when
we
get
to
new
business
council
members
who
are
members
of
this
board
have
already
seen
the
public
comments
that
are
contained
within
those
projects.
A
We
will
only
be
doing
a
receiving
file
today
of
bonding,
but
for
those
members
that
are
not
council
members,
we
have
seen
those
comments,
so
I
just
want
to
call
out
normally
I
read
them,
but
since
we're
not
taking
a
vote
today,
I
won't
do
that.
The
only
projects
that
do
not
have
public
comment
are
Number
Four,
The,
Fourth,
Avenue,
South,
Street
resurfacing
project
and
the
37th
Avenue
Northeast
Street
reconstruction
project.
A
C
Good
afternoon,
thank
you
for
having
us
here
today.
I'm
Gene,
McGann
I'm,
a
partner
at
ABDO
and
I,
have
Brenda
David
with
me
here
today
as
well
and
she's
a
senior
manager
for
our
Abdul
Financial
Solutions
group.
C
C
We'd
like
to
bring
forward
one
would
be
to
provide
Equity
review
of
the
capital,
Improvement
programs,
doing
kind
of
a
five-year
look
back
as
to
what
has
happened
in
the
five-year
look
forward
by
reviewing
the
capital
plan,
reviewing
the
racial
Equity
policy,
analyzing,
the
capital
spending
by
Ward
and
developing
some
Equity
metrics
as
I
move
forward
in
the
presentation,
we
do
have
some
different
metrics
that
we
are
suggesting.
However,
we
would
really
like
to
have
the
BET
provide
input
and
commentary
as
far
as
metrics
that
you
would
like
to
see.
A
I'll,
stop
you
just
for
a
second
just,
so
we
can
acknowledge
that
member
for
I,
mayor
fry
has
joined
us
welcome
mayor
Frye.
Please
continue
thank.
C
You
so
when
we're
looking
at
the
potential
Capital
asset
metrics
by
Ward,
we
have
these
segregated
into
several
different
categories.
We
have
General
type
metrics,
where
we're
looking
at
the
property
tax
levy,
funds
that
have
been
spent,
grants
and
donations
that
were
received
and
spent
the
average
gross
income
within
the
ward,
the
average
home
value
within
each
Ward
types
of
property,
whether
it's
commercial,
industrial,
residential
tax
forfeitures,
as
well
as
the
age
of
the
capital
asset
versus
the
life
of
the
capital
asset.
C
We
would
also
consider
looking
at
population
what
is
the
total
population,
the
population
change
rate,
as
well
as
the
percentage
of
population?
That's
below
the
poverty
line
under
kind
of
the
economic
development
area.
We
would
consider
looking
at
the
number
of
affordable
housing
units
if
there's
new
construction
within
the
particular
Wards,
the
job
growth,
the
unemployment
rate,
as
well
as
a
number
of
construction
projects
in
process.
C
Now,
as
I
mentioned,
these
are
just
options
for
consideration
of
the
bet.
The
second
objective
that
we
would
like
some
direction
on
for
moving
forward
on
them.
This
year
is
providing
a
property
tax
levy
and
property
tax
analysis,
and
what
we
mean
by
that
is
in
all
of
this.
We'd
still
need
to
review
the
five-year
directional
plan.
C
We
need
to
review
the
five
years
of
historically
proposed
property
taxes
and
identify
what
was
proposed
and
then
what
was
actually
levied
analyze.
The
proposed
property
taxes
increases
that
are
really
directed
towards
the
capital
needs
and
as
well
as
that,
taking
a
look
at
the
special
taxes
by
type
I
recognize
the
fact
that
during
covid,
a
lot
of
the
special
tax
revenue
was
reduced
and
so
really
just
doing
that
analysis
to
see
what
the
recovery
will
be
before
all
the
downtown
asset
dollar
funds
are
spent.
A
It
was
not
a
long
presentation,
but
you
do
have
it
in
front
of
you.
I
also
want
to
recognize
that
our
Park
support,
commissioner,
does
need
to
go
to
another
meeting,
so
I'm
going
to
start
with
those
questions.
First
to
respect
their
time.
D
Thank
you
so
much
I
was
reading
through
this
ahead
of
the
meeting,
and
you
know
if
we
could
I
I
would
like
to
understand
how
this
might
work
for
Park
Board
data.
So
we
is
this.
D
Is
this
intended
to
also
look
at
Park
Board
Investments,
because
there
is
a
taxing
piece
that
the
BET
does
for
you
know
on
behalf
of
the
park
board
as
well,
and
we
do
have
a
somewhat
of
a
different
approach,
I
think
to
Capital
planning
than
the
city
we're
doing
some
of
these
things
and
and
the
reason
I'm
bringing
this
up
is
that
we
have
a
different.
You
know,
you
know
a
different.
D
We
don't
have
Wards,
we
have
our
districts
and
I
think
it
would
be
helpful,
but
we
have
a
head
start
on
that.
So
I
guess
I'm
wondering
what
could
we
do
to
integrate
the
park,
boards
planning
and
actual
investment
into
this
analysis?.
C
I
think
it
could
be
integrated
quite
easily.
What
we
would
really
like
to
do
is
to
be
able
to
collaborate
with
different
areas
within
the
city
to
utilize
data
that
has
already
been
collected
and
then
to
provide
our
you
know,
independent
analysis
and
whether
it's
by
a
district
or
whether
it's
by
award,
it's
all
completely
doable.
E
Thank
you.
First
and
aside
to
member
commission
Commissioner
of
Abby
I
wanted
to
applaud
the
work
that
the
park
board
has
done
in
its
capital
program
in
terms
of
integrating
Equity
consideration.
E
E
It
doesn't
include
your
your
Regional
funding
things
that
come
from
the
state
and
your
direct,
your
direct
Levy,
but
I
also
wanted
to
suggest
that
maybe
the
area
of
Economic
Development,
that's
in
the
presentation,
while
all
those
things
are
important
to
measure
in
terms
of
equity,
they
do
most
of
them
don't
really
flow
through
the
board
of
estimate
taxation.
We
don't
we
don't
bond
for
affordable
housing
units,
we
don't
bond
for.
E
Job
growth,
for
example,
and
I
would
like
to
sort
of
limit
our
our
scope
pretty
tightly
to
the
Capital
Improvement
program
as
it
as
it's
adopted
by
the
council,
both
passed
and
proposed,
rather
than
straying
too
far
outside
of
those
bricks
and
mortar
Road
and
Bridge
projects.
Not
that
measuring
equity
in
in
those
other
areas
is
not
important.
It's
crucial,
but
I
think
it's
beyond
the
scope
of
the
of
the
board
of
estimate.
A
I
had
a
had
a
couple
of
things:
I
I
would
Echo
that
appreciate
you,
lifting
that
up
and
also
I
would
say,
with
the
exception,
when
you
mentioned
public
housing,
we
do
have
a
public
housing
Levy,
we
haven't
funded,
it
I
believe
in
six
years,
so
it's
probably
gonna
not
be
anything
to
analyze,
except
for
to
name
that,
but
I
think
that's
kind
of
the
only
thing
I
would
left
up
is
that
there
is
a
public
housing
Levy
that
we
could
fund
and
then
I
had
a
couple
of
questions
have,
to
my
knowledge,
we've
never
done
a
capital
audit.
A
F
Were
audited
annually
by
the
the
state
auditor,
and
certainly
that
would
include
Capital
Investments
I
I'll,
look
to
staff
to
see
if
I'm
incorrect
about
that.
Okay
and
it's
been
and
and
to
be
clear,
the
the
previous
thing
you
said
regarding
public
housing,
we
have
substantially
funded
public
housing
substantially
more
than
we
were
funding
it
the
previous
six
years.
It
was
done
through
the
general
fund
right.
A
F
The
levy
increases.
Sorry,
madam
chair,
the
the
the
levy
increases
with
the
additional
funding,
assuming
that
it's
not
one
time
and
it's
ongoing.
The
the
levy
is
a
separate
portion,
but
it's
the
same
exact
impact
on
property,
taxpayers,
there's
no
differential.
F
But
yeah,
if
I
I,
don't
know
if
I'm
right
about
that,
the
audit,
the
general
audit
coverage
covered
by
the
state
auditor
does
it
cover
Capital
expenditures
as
well:
yeah,
okay,
cool.
We
can
get
an
answer
for
you
on
that.
A
Thank
you
yeah,
and
we
will
forward
that
to
you
as
well
that
got
sent
to
us
a
few
months
ago.
A
The
other
question
I
had
is
of
the
things
that
you
named
and
we
just
named
making
sure
it's
specific
to
what
what's
in
control
of
this
body.
What
are
one
I
would
assume.
This
is
a
best
practice,
five
years
back
five
years
forward,
but
Are
there
specific
things
within
that
in
similar
bodies.
We
don't
necessarily
have
similar
bodies
to
this
in
our
state,
but
what
are
some
things
that
are
considered
to
be
best
practice
in
government
for
for
folks?
That
may
not
be
as
familiar
with
an
auditing
process.
In
your
experience.
C
Okay,
when
you're
doing
an
analysis
of
you
know,
Capital
itself
to
look
forward
and
to
look
back
is
critical,
because
then,
when
you're
doing
an
exercise
such
as
this
to
look
at
you
know
by
Ward,
how
have
you
know
different
capital
projects
been
funded?
D
C
You
need
to,
you
know,
ensure
that
you're
getting
some
factual
data,
you
don't
want
to
be
making
assumptions.
B
D
Yeah
so
yeah
so
I
I
would
say
that
this
is
something
that's
part
of
how
we
operate
now
in
terms
of
how
we're
choosing
to
invest
Capital
dollars
at
the
park
board
and
has
been
for
since
the
npp20
stuff,
so
I'd
say
2017
or
something
like
that.
So
if
you
look
at
our
Capital
plan,
it's
it's
got
this
baked
in
and
also,
if
you
take
that
look
backwards,
it's
also
got
that
baked
in
so
and
we're
looking
at
that
all
the
time
we
did
I
think
I
shared
with
you
on
the
board.
D
Here
we
call
it
I
forgot
what
we
call
the
tool,
but
it's
basically
a
you
know
an
online
dashboard
for
how
you
how
our
investments
look
in
all
of
the
districts,
not
the
words,
but
I
do
think
that
I
think
that
aligning
this,
especially
with
the
role
of
the
board
of
estimate
and
Taxation
in
terms
of
approving
levies
and
and
Taxation
I,
think
it
would
be
good
to
make
sure
that
these
things
are
in
sync
and
and
that
the
the
commissioner
who
sits
here
isn't
isn't
just
voting
in
support
of
what
the
city's
doing,
but
is
also
voting
in
a
way
that
the
park
board
is
directly
impacting
the
city.
D
So
I'd
like
to
see
what
we
can
do
to
integrate
that
and
make
it
part
of
this
work.
If
that
makes
sense,.
E
E
Is
that
click
a
couple
of
years
ago
and
when
I
was
still
a
member
added,
a
equity
bonus
to
projects
in
rating
them,
and
it
was
a
substantial
number
of
points
or
some
of
the
other
discretionary
measures,
and
so
it
would
be
very
valuable
to
see
what
impact
that's
had
in
the
distribution
of
projects
that
are
recommended
by
click
and
then
on
the
area
in
the
property
tax
analysis.
E
In
your
analysis
of
the
special
taxes
I
believe
we
have
about
five
different
special
taxes.
I
would
very
much
like
to
have
see
a
flow
chart
that
traces,
the
path
of
those
dollars.
E
Some
support
certain
things,
some
support,
other
things,
some
go
into
the
Target
Target
Center
Renovations,
some
go
into
the
convention
center,
some
go
into
the
downtown
assets
fund
or
directly
or
indirectly,
to
these
uses.
And
then
the
courses
is
a
general
fund
and
I've
asked
before
when
we've
had
our
quarterly
Financial
reports
to
get
something
that
shows
the
actual
flow
of
dollars
and
I
haven't
gotten
it
yet
so,
to
the
extent
you
can
pull
that
together,
I
would
find
that
very
valuable
in
considering
the
flow
of
those
dollars.
F
A
All
right
well,
thank
you
for
that,
and
this
is
the
first
of
many
we'll
have
them
come
back
from
time
to
time
to
let
us
know
what
they're
working
on
progress,
also,
if
there's
needs
as
the
president
of
managing
the
contract,
if
there's
things
you're
interested
in
as
board
members
information
that
you
need,
please
send
those
my
way
so
that
I
can
get
that
information.
Then,
when
they
come
back
to
present
to
us,
we
can
all
get
what
we
need
from
them.
A
So
thank
you
for
that
and
then
last,
which
is
a
quick
item,
is
item
six
on
the
agenda,
which
is
the
bonds
requests
listed
well
before
I.
Do
that
clerk?
Will
you
please
receive
and
file
the
presentation?
Thank
you
again,
both
for
being
here
and
now
item
number
six
receiving
the
bond
request
listed
in
the
transmittal
memo.
Again.
This
is
just
a
transmittal
memo
for
which
the
board
of
estimate
taxation
will
consider
approving
the
issuance
of
bonds
at
a
future
meeting.
Colleagues,
does
anybody
have
questions
or
comments
regarding
the
transmittal
memo?
Vice
president
Brown.
E
I
have
one
question
and
I'm
hoping
Mr
hoppy
could
help
us
with
these
projects.
What
we're
considering
today
in
reviewing
is
just
this
middle
of
the
assessment
bond
list
fairly
routine,
a
fairly
routine
matter
for
the
board
that
goes
through
our
agenda,
but
some
of
these
projects
are
also
supported
by
net
debt
bonds
for
another
portion
of
their
funding.
G
B
G
Treating
them
in
a
certain
way
and
I
think
it's
been
mentioned,
that
will
finances
at
a
later
date
the
net
debt
Bond
portion.
So
you
do
see
that
I
believe
that
was
brought
forward
near
the
start
of
the
Year
here,
which
the
city
council
had
approved
at
the
end
of
the
calendar
year
for
this
coming
year.
So
you
do
see
them
all,
but
the
the
net
debt
bonds,
those
are
generally
falling
under
statute
475,
which
includes
some
projects
that
are
overlapping.
G
As
you
indicated,
many
of
the
projects
are
independent
of
the
different
assessment
projects
or
Improvement
projects.
Thank
you.