Oct 26, 2026 Community Redevelopment Agency Board Meeting

[1) Call to Order - Roll Call]

[00:00:09]

JONAS HERE. DIRECTOR. MURPHY HERE. DIRECTOR. ALTMAN HERE. DIRECTOR. BUTLER HERE.

EXECUTIVE DIRECTOR. MANNS HERE. CITY ATTORNEY. DRISCOLL HERE. YES. STANFORD. PLEDGE. PLEDGE.

ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA. AND TO THE REPUBLIC FOR WHICH IT STANDS. ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. THANK YOU.

IT'S ALL YOURS. OKAY, MR. MAYOR. DISCUSSION, AS YOU KNOW, IS A CONTINUATION OF DISCUSSION THAT

[3.a) Continued Discussion Regarding Main & Bank RFP Selection]

AS YOU MIGHT EXPECT, BASED ON THE BUILDING'S AGE, THERE WERE DEFICIENCIES IN BUILDING AND FIRE CODE CONSIDERATIONS, ALL OF WHICH COULDN'T REALLY BE IDENTIFIED WITHOUT HAVING KNOWN WHAT A FUTURE REUSE WOULD BE. SO IN LARGE PART, THE REPORT, ALTHOUGH IT IDENTIFIES SOME DEFICIENCIES, JUST INDICATES THAT THE APPROPRIATE PARTY THAT DECIDES TO TAKE OVER THE BUILDING, IF THAT'S YOUR CHOICE TO DO SO, WOULD HIRE A QUALIFIED PROFESSIONAL TO ASSESS CONDITIONS AND MAKE RECOMMENDATIONS. THE STRUCTURAL AND EXTERIOR BUILDING CONDITIONS. THERE WERE SOME CRACKING ON THE BUILDING, AND THERE WAS SOME ROOFING ISSUES THAT WOULD NEED TO BE EVALUATED IN ORDER TO DETERMINE THE EXTENT OF ANY CONCEALED DETERIORATION THAT EXISTED THERE. THERE ARE SOME MECHANICAL AND PLUMBING FAILURES. THE. CURRENTLY, THE ELEVATOR DOES NOT WORK. IT DOES NOT MEET CODE, BUT IT. IT IS NOT IN OPERATING CONDITION, AND THE HVAC SYSTEM DOES NOT WORK AS WELL. THERE WERE SOME CONCERNS EXPRESSED RELATED TO INTERIOR CONFIGURATION AND ACCESSIBILITY. BUT IF THE PLAN IS TO OPEN UP THE BUILDING, THEN MANY OF THOSE GO AWAY AND ADA IS NOT AN ISSUE BY ANY MEANS. BUT WE CLOSE THE MEMO, YOU KNOW, BY INDICATING THAT A MORE INTENSE EVALUATION WOULD NEED TO BE CONDUCTED TO DETERMINE ALL POTENTIAL CODE AND ACCESSIBILITY MATTERS THAT MAY EXIST IN THE BUILDING. AND KNOWING WHAT THE FUTURE REUSE OF THE BUILDING IS. AND, AND SOME LAYOUT WOULD BE HELPFUL TO US AND REALLY DEFINING WHAT SCOPE OF WORK MIGHT BE INVOLVED.

THE SECOND THING I WANTED TO BRING YOU UP TO DATE IN RELATES TO THE WITHDRAWAL OF THE SIGNAL HOUSE PROPOSAL. THAT WAS ONE OF OUR FIVE PROPOSALS. I MET WITH MR. KEITH MOUNTJOY TODAY, AND HE INDICATED, ALTHOUGH THE PROJECT WAS VERY MUCH OF INTEREST TO HIM, AFTER HE HEARD SOME OF THE OTHER PROPOSALS, HE FELT MAYBE HE WASN'T THE THE BEST SUITOR FOR US FOR THIS SPACE AND THAT HE WOULD BE PURSUING SOME OTHER PROGRAMING OPPORTUNITIES IN THE CITY IN RESPECT TO HIS HIS FIRST LOVE, WHICH IS THE SOFTWARE INDUSTRY, AND WE WISH HIM MUCH LUCK IN

[00:05:08]

IS THAT FINE? YEAH. OKAY. DID YOU WANT THEM TO COME FORWARD? YES. OKAY. COULD WE ASK THE REPRESENTATIVES TO COME FORWARD FOR QUESTIONS OF THE COUNCIL? THANK YOU FOR HAVING US BACK.

WE HEARD THAT THE BOARD QUESTIONS FROM OCTOBER 6TH ABOUT COST AND THE CONDITIONS.

WE WANT TO BE ABLE TO ANSWER ANYTHING THAT YOU HAVE TO. THANK YOU FOR HAVING US TONIGHT.

ALL RIGHT. SO WE'RE HERE TO ANSWER ANY OF YOUR QUESTIONS THAT YOU MAY HAVE FROM OUR PRESENTATION AT THE LAST MEETING. AT THE TOP. YEAH. FIRST, THANK YOU FOR CHOOSING TO BE HERE WITH US INSTEAD OF THE TAMPA BAY RAYS. I APPRECIATE IT. THE ESPECIALLY SINCE THIS IS ROUND TWO OF THOSE CONVERSATIONS. TWO THINGS. AND YOU DON'T HAVE TO ANSWER THESE AT THIS MOMENT. I THINK IT'S PROBABLY APPROPRIATE. MAYBE WE GET OUR QUESTIONS OUT AND GIVE BECAUSE WE MIGHT HAVE SOME OVERLAPPING QUESTIONS, BUT IT'S UP TO YOU. DIRECTOR. THE FIRST QUESTION I HAVE IS YOUR VISITOR COUNTS. I DO SEE THE TIMELINE IN HERE. IT'S A VERY COMPREHENSIVE PLAN. IT'S AN AMBITIOUS PLAN. IF YOU COULD CONTEXTUALIZE WHAT WHEN YOU EXPECT THE BUILDING TO BE OPEN IN YOUR PLAN AND THE JUSTIFICATION BEHIND YOUR VISITOR COUNTS. I TRIED DOING SOME COMPARISONS TO, SAY, MOZZIE AND SOME OTHER LOCAL AREAS, BUT I'D LOVE TO KNOW HOW YOU HOW YOU CAME UP WITH THE NUMBERS INSTEAD OF JUST TRYING TO MAKE THAT ASSUMPTION. THE OTHER ONE WAS, AND MR. GAMMON OR THE CITY MANAGEMENT MIGHT BE ABLE TO CHARACTERIZE THIS BETTER THAN I COULD, AND FEEL FREE TO. BUT WE WERE GIVEN THE OPPORTUNITY TO LOOK AT SOME CRA NUMBERS OVER THE LIFESPAN OF THE PROJECT. AND THERE ARE SOME ESTIMATES THAT PUT THIS PROJECT IN PARTICULAR IN A POTENTIAL NEGATIVE IN TERMS OF FUNDING FOR THE CRA, NOT IN TERMS OF WHAT YOUR ORGANIZATION COULD PULL OFF, BUT IN TERMS OF NET FUNDING TO THE CRA OVER ITS LIFETIME. IF THERE I'M KIND OF PUTTING YOU IN THE SPOT TO SPEAK TO THAT. IF YOU IF YOU THINK YOU CAN. IF NOT, I HAVE RECEIVED A PERSPECTIVE FROM CITY STAFF AND I CAN ELABORATE ON THAT MORE. BUT. SO MY TWO MAIN QUESTIONS IS I TRIED TO BE FLOWERY THE FIRST MEETING, BUT I'M JUST GOING TO BE A LITTLE BIT MORE TECHNICAL NOW. THE FIRST ONE IS THE JUSTIFICATION OF THE VISITOR COUNTS. AND THEN TWO, THE CRA NUMBERS. IF YOU COULD PROVIDE ANY COMMENTARY ON THAT AS IT RELATES TO YOUR PERSPECTIVE, I'VE GOTTEN THIS STAFF'S PERSPECTIVE. SO EXCUSE ME. GOOD EVENING. THE VISITOR COUNT IS PREDICATED UPON. DATA

[00:10:12]

I'M CURIOUS IF YOU SEE THOSE. IT LOOKS LIKE THAT WAS FREE. I'M CURIOUS IF THAT WOULD BE SOME OF THE THINGS PROGRAMING THAT YOU WOULD BE DOING TO FUNDRAISE, OR IF THAT'S COMPLETELY SEPARATE FROM THE AMBITION WITH THE BANK STREET BUILDING. SO THE NOVEMBER 2ND EVENT WAS INITIALLY ENVISIONED TO BE A FREE EVENT TO. PROVIDE ACCESS TO THE COMMUNITY. ON ENGAGING WITH AN ACTUAL ASTRONAUT. AS A RESULT OF THAT EVENT, THERE'S 300 PEOPLE THAT ARE SIGNED UP FOR THE EVENT. IT CLOSED OUT IN THREE HOURS, BUT AS A RESULT OF THAT, A BENEFACTOR STEPPED UP AND SAID, SINCE YOU DIDN'T CHARGE ANYTHING FOR THE EVENT, I'LL COVER THE COST AT $5 PER PERSON. AND A DONATION WAS MADE OF $1,500. SO YOU DO FORESEE THOSE BEING EXAMPLES OF FUNDRAISING, THE FUNDRAISING YOU WOULD BE DOING RELATED TO THE BUILDING.

SO AS PART OF OUR COMMUNITY OUTREACH, SPEAKING TO ENGAGEMENTS JUST OVER THE SUMMER, OUR SCIENCE DIRECTOR HAD CONDUCTED ACTIVITIES WITH VARIOUS AT STARKEY LIBRARY, THE NEWPORT CITY LIBRARY, AND REACHED OVER 500 CHILDREN. SO THAT'S WITHOUT A PHYSICAL PRESENCE. NOW FOR FUNDRAISING. YEAH, NAMING RIGHTS WOULD BE A BIG THING FOR ALL THE VARIOUS DISPLAYS ON THE FIRST FLOOR AND THE LEARNING LABS ON THE SECOND FLOOR, CAN I JUST ADD SOMETHING? SURE. YOU'RE TALKING NUMBERS ABOUT PEOPLE. WHERE ARE THESE KIDS COMING FROM? I MEAN, IS THERE A FEE TO GO INTO THIS? SO, FOR EXAMPLE, HOPE MINISTRIES REACHED OUT TO US AND ASKED IF WE WOULD CONDUCT SCIENCE ENGAGEMENT ACTIVITIES WITH THEIR SUMMER CAMP. WE DID THE NEWPORT CITY LIBRARY. OBVIOUSLY, THE KIDS ARE COMING FROM THE LOCAL COMMUNITY, BUT BUT I WE HAVE AN ECONOMIC SITUATION IN THIS COMMUNITY THAT I DON'T THINK IT LENDS TO THE LOCAL FAMILY NECESSARILY BEING ABLE TO, YOU KNOW, LOOKING AT THE AMOUNT OF PEOPLE THAT ARE ON SUBSIDY. SO IF YOU'RE LOOKING AT PEOPLE THAT ARE SUBSIDIZED IN, IN LUNCHES AND, YOU KNOW, AT MOST MIDDLE SCHOOL AND ELEMENTARY SCHOOL, SO THE LOW TO MODERATE INCOME FAMILIES ARE WHAT WE'RE DESIGNED TO OR OUR DESIGN STRUCTURE IS TO ACCOMMODATE THOSE FAMILIES BECAUSE WE REALIZE THAT FROM. HOLIDAY ALL THE WAY THROUGH A HUDSON ALONG THE US 19 CORRIDOR IS LOW TO MODERATE INCOME FAMILIES BASED UPON CENSUS TRACK INFORMATION. SO THEN THAT THEN I ASK A QUESTION LIKE, HOW ARE YOU GOING TO SUPPORT YOURSELVES THEN? WELL, AFTER IT'S OPEN, YOU'RE ASKING FOR A LOT OF MONEY UP FRONT TO GET IT OPEN. WELL, THAT'S TRUE, BUT THE LOW TO MODERATE INCOME FAMILIES, AS WE IDENTIFY THEM, WE WOULD SET UP SCHOLARSHIPS FOR THEM THROUGH PHILANTHROPY SO THAT THE COST IS MITIGATED FOR THE LOW TO MODERATE INCOME FAMILIES TO PARTICIPATE IN THE ACTIVITIES. NOW, THE SUMMER PROGRAM THAT WAS JUST CONDUCTED, THERE WAS NO CHARGE. HE'S TALKING ABOUT GETTING KIDS INTO THE BUILDING. WELL, GETTING KIDS INTO THE BUILDING IS WE WOULD HAVE TO WORK WITH THE LOCAL COMMUNITY AND SET THE

[00:15:03]

THROUGH THE ENGAGEMENT? YOU KNOW, WE DON'T WANT TO CALL THEM OUT AND SAY, OH, YOU'RE LOW TO MODERATE INCOME FAMILY. HEY, COME OVER AND LET'S TALK. YOU KNOW, IN A PUBLIC FORUM, WE HAVE TO DESIGN A MECHANISM TO ENGAGE THEM AND SET THE CONDITIONS FOR THEM TO AVAIL THEMSELVES OF THE PROGRAMING THAT WE WANT TO OFFER. NOW, THERE ARE OPPORTUNITIES THROUGH GRANTS AND THINGS OF THAT NATURE THAT WE COULD LEVERAGE TO OFFSET THE COST FOR THE LOW TO MODERATE INCOME FAMILIES TO PARTICIPATE. YOU KNOW, MY MIND GOES TO THE REC CENTER AND HOW A COUPLE YEARS AGO, AND I THINK THEY STILL HAVE A SCHOLARSHIP STRUCTURE SOME WAY, SHAPE OR FORM. THANK YOU, CITY MANAGER OR WHATEVER. YOU'RE AN EXECUTIVE DIRECTOR RIGHT NOW.

ALL RIGHT. THANK YOU, EXECUTIVE DIRECTOR. THE I KNOW ONE YEAR IT WAS THERE WAS SOME SWIMMING LESSONS OR SOMETHING FUNDED BY LIKE DUKE ENERGY, FOR EXAMPLE. AND SO I IMAGINE THERE WOULD BE SIMILAR POSSIBILITIES FOR OUTREACH IN TERMS OF GRANTS, ESPECIALLY WHEN IT COMES TO OUR SCHOOLS AND BEING ABLE TO PARTNER WITH THEM FOR FIELD TRIPS TO THE TO THE MAYOR OR THE, TO THE TO CHOPPER DAVIS'S POINT, THERE IS A LOT OF LOW INCOME FAMILIES THAT USE OUR SCHOOLS 90% TITLE ONE AT GULF MIDDLE SCHOOL. AND SO THAT PARTNERSHIP WOULD BE, I THINK, CONTINGENT UPON HAVING SOME SORT OF GRANT OPPORTUNITY. YOU ESTIMATE 11,200 TO 16,500 ANNUAL VISITS. CAN YOU. I GUESS THIS WAS THE SECOND PART OF MY FIRST QUESTION, WHICH WAS, WHEN WOULD THAT KICK IN? LIKE HOW MANY YEARS INTO THE PROCESS? SO WE'RE LOOKING AT THAT. IT WOULD TAKE ABOUT TWO YEARS TO FULLY RENOVATE THE BUILDING. WE WOULD HAVE TO ORDER THE TECHNOLOGY AND THE EXHIBITS AND THEN FULLY INTEGRATE THEM INTO THE BUILDING. SO WE'RE LOOKING AT TWO YEARS. OKAY. AND THEN MY LAST QUESTION WAS, OF COURSE THE ONE ON THE CRA AND PARTNERING WITH THE COMMUNITY REDEVELOPMENT AGENCY. I DON'T KNOW IF STAFF HAS THE NUMBERS OFFHAND, BUT COULD YOU LIKE TO RESPOND? OKAY. THANK YOU TO THE COMMENT THAT YOU MADE, IF YOU'LL ALLOW ME, PLEASE. THANK YOU. THERE ISN'T A PROJECT THAT IS PROPOSED TONIGHT THAT WOULD BREAK OUR OUR CRA. AND IF WE DIDN'T REPRESENT THINGS APPROPRIATELY TO YOU IN OUR MEETING, I NEED TO MAKE THAT STATEMENT PUBLICLY. OUR ARE CURRENTLY COMMANDS AN ANNUAL BUDGET OF $10 MILLION. IT SUNSETS IN THE YEAR 2049. WE SHOULD NOT. WE. WE ARE HOPEFUL THAT THERE AREN'T CHANGES IN THE STRUCTURE OF OUR CRA THAT WILL UNDERMINE ITS EFFICACY.

BUT WITH THAT BEING SAID, THE. JUST TO BRING ABOUT A A LEVEL PLAYING FIELD FOR ALL OF THE PROPOSALS WHEN THEY WERE PRESENTED TO YOU, WE IMAGINED THAT THE CITY WOULD HAVE TO DO SOME BOND FINANCING FOR SOME PORTION OF THE PROJECT, AND WE CAPITALIZED OR AMORTIZED IT OVER FIVE YEARS FOR EVERYONE. NOW, THIS 1ST MAY BE AN INSTANCE WHERE OUR PARTICIPATION WOULD WARRANT SPREADING THAT DEBT FURTHER THAN FIVE YEARS. SO WHERE IT LOOKED LIKE THERE MIGHT BE DIFFICULT YEARS EARLY ON FOR THE CRA, CERTAINLY THAT'S A RESULT OF OUR CURRENT BOND INDEBTEDNESS, CAPITAL PROJECTS THAT ARE PLANNED, AND NOT ANYTHING THAT WAS PROPOSED SPECIFICALLY ON BEHALF OF THE BRAINSTORM SCIENCE DISCOVERY CENTER, THAT WOULD JUST NEED TO BE FINANCED DIFFERENTLY IF YOU APPROVED IT. JUST AN ADDITION HERE. YOU WHAT EFFECT WOULD THAT HAVE ON THE ON THE GROWTH AT WHITMAN WITH THE CRA THERE GROWTH AT CHAPMAN? YEAH. I MEAN, IF WE'RE GOING TO WE'RE GOING TO RENOVATE. SWETMAN. ISN'T

[00:20:03]

ABOUT A THIRD OF THE AMOUNT THAT MOSES SEES. THAT'S WHY YOU WERE SAYING THIS IS A CONSERVATIVE ESTIMATE. THAT STUDY PROVIDED A MORE DETAILED. AND THAT'S KIND OF ON PAR WITH WHAT THE REC CENTER WAS PUTTING OUT FOR THEIR VISITOR ACCOUNTS IN SOME WAY. THEIRS IS OBVIOUSLY HIGHER. WE GOT A BEAUTIFUL SLIDE, BUT THAT MAKES SENSE. ALL RIGHT. THANK YOU.

AND THE AND THE BRAINSTORMS, I MEAN I JUST ORLANDO ALSO WENT TO THE THREE. WHAT COULD BE CONSIDERED COMPETING SCIENCE CENTERS. AND THEY STUDIED ALL OF THEM. AND THE PLAN THAT THEY ARE GIVING US, THEY DON'T WANT ANY CROSSOVER. SO WE'RE NOT GOING TO BE OFFERING ANYTHING THAT ARE AT ANY OF THE THREE OTHER SCIENCE CENTERS. THANK YOU. WHICH ALSO, I BELIEVE THAT SPEAKS TO YOUR ASK ABOUT OUR KIND OF REVENUE SOURCES. SO TICKETING PRICES IS OBVIOUSLY GOING TO BE TICKETING AT A LEVEL THAT THIS COMMUNITY CAN AFFORD. BUT YOU'RE FORGETTING AND. THAT LOW TO MODERATE INCOME PEOPLE STILL SPEND MONEY. YOU KNOW, FAMILIES ARE STILL SPENDING MONEY CONSTANTLY. THEY DO WANT TO BE ABLE TO PROVIDE ENTERTAINMENT FOR THEIR CHILDREN. THEY DO WANT TO THEN TAKE THEIR CHILDREN OUT AND GET ICE CREAM ACROSS THE STREET. SO THIS IS AN ECONOMIC DRIVER. REGARDLESS OF THE PEOPLE WHO LIVE HERE. IT IS ALSO A TOURISM DRIVER. PEOPLE WILL WANT TO BE COMING TO NEW PORT RICHEY TO SPECIFICALLY TO COME TO THIS DISCOVERY CENTER. SO THE TOURISM DATA THAT CAME OUT FROM THE SPACE OR SPACE COAST, SPORTS COAST SHOWED, I THINK LIKE $233 PER VISIT SPENT. AND THAT WAS SPREAD OUT, YOU KNOW, ENTERTAINMENT, FOOD, LODGING, LODGE AND ALSO. MERCHANDISE PER PURCHASE OF MERCHANDISE. SO THERE WOULD BE AN ANCILLARY BENEFIT IS THAT BESIDES ACTIVATING THE BUILDING, WE'D BE. ECONOMIC DRIVER FOR THE LOCAL RESTAURANTS AND SHOPS THAT IT WOULDN'T BE JUST COMING TO VISIT BRAINSTORMS, THEY WOULD BE COMING TO VISIT BRAINSTORMS, MAYBE GO ACROSS THE STREET, HAVE ICE CREAM, OR THE FAMILY WOULD GO DOWN AND HAVE LUNCH AT JIMMY'S. OR THINK IT'S NOT JUST ABOUT US. YES, PLEASE DO NOT OPEN UP AN ICE CREAM SHOP INSIDE OF THE MAIN STREET BAKERY UNTIL TO ALL THE PROPOSALS, PLEASE. NO ICE CREAM SHOTS. IF WE HAD ANYTHING, IT WOULD BE A LITTLE CAFE THAT WOULD BE SUPPLIED BY LOCAL RESTAURANTS ON A DAILY BASIS.

OKAY. THANK YOU. THIS IS KIND OF LIKE A A THREE PART QUESTION. I KNOW A LOT OF TALK, YOU KNOW,

[00:25:07]

WELL, ALL I KNOW I UNDERSTAND THAT, BUT THE ISSUE IS, IS THAT WE HAVE AN APPRECIATION OF THE CHALLENGES OF LOW TO MODERATE INCOME FAMILIES. AND WE UNDERSTAND THAT IT'S ABOUT PROVIDING OPPORTUNITIES. AND THAT'S WHY WE SIGNED ON TO BRAINSTORMS. AND THAT'S WHAT WE'RE LOOKING FOR, TO SET THE CONDITIONS TO GIVE BACK TO THE COMMUNITY, BECAUSE NOW WE'RE IN A POSITION TO DO THAT. I RETIRED OUT OF THE ARMY AFTER 32 YEARS. TOM CAME HOME AFTER 32 YEARS WORKING IN IN TEXAS, AND OUR FOCUS IS OVER. THE LAST YEAR HAS BEEN HOW DO WE STAND UP THIS CAPABILITY WITHIN THE CITY AND HOW DO WE GIVE BACK? I APPRECIATE THAT, AND I UNDERSTAND YOU GUYS ARE GOING TO DONATE YOUR TIME, BUT OBVIOUSLY YOU'RE GOING TO NEED PEOPLE WORKING THERE THAT ARE OBVIOUSLY GOING TO NEED TO MAKE MONEY BECAUSE NOT EVERYBODY IS AS GIVING AS YOU GUYS WANT TO VOLUNTEER YOUR TIME, YOU KNOW? SO IT'S JUST LIKE STANDING UP ANY BUSINESS, IF YOU WERE TO STAND UP A BUSINESS, YOU WOULD HAVE TO SUBMIT A BUSINESS

[00:30:02]

AND ALL THAT'S BEEN DESCRIBED AS AN ECONOMIC REVITALIZATION TOOL. SO TO ME, THAT'S NOT BONDING MONEY. THAT'S THE CITY GETTING THE MONEY FROM THE HURRICANE DOLLARS TO HELP IT.

AND IT CAN ONLY GET THAT MONEY. AND THE MONEY CAN ONLY BE USED AS OUTLINED IN 163, 380. AND SO WE HAVE A LOT OF LEGAL WORK TO DO TO TRY TO GET OURSELVES BACK ON TRACK OF HOW THIS THING IS

[00:35:01]

I WOULD ASK, OKAY, CAN I EXPAND ON THAT JUST A LITTLE BIT BRIEFLY? OKAY. SO THESE GUYS HAVE BEEN HERE FOR HALF AN HOUR. I'M NOT GOING TO ASK ONE OTHER QUESTION. YES, SIR. WHY DID YOU CHOOSE THIS LOCATION IN OVER? I MEAN, HERE YOU GOT A BUILDING THAT'S DETERIORATED, HASN'T BEEN LIVED IN FOR YEARS, AND NOW YOU'RE FINDING OUT THE CONDITION OF THE BUILDING AND WHY YOU LATCHED ON TO THIS. THE. IF YOU LOOK AT THE US 19 CORRIDOR AS THE GATEWAY TO NEW PORT RICHEY, THEN YOU COME UP EITHER NORTH OR SOUTH AND YOU COME DOWN TO MAIN STREET. YOU HAVE THE GATEWAY THAT RUNS FROM US 19 TO JUST OUT THE BRIDGE. SO AS YOU COME ACROSS THE BRIDGE, YOU'VE GOT TWO PROMINENT BUILDINGS. YOU HAVE THE HACIENDA AND YOU HAVE THE BANK BUILDING ACROSS THE STREET BY HAVING A SCIENCE DISCOVERY CENTER DIRECTLY ACROSS THE STREET FROM THE HACIENDA. THOSE ARE THE FIRST TWO STRUCTURES THAT VISITORS WOULD SEE. THEY PARK BEHIND IN THE PARKING LOT. THEY COME OUT OF THE BUILDING, THEY WALK DOWN THE STREETS. NOW THEY'RE ABLE TO ENGAGE THE LOCAL RESTAURANTS, LOCAL SHOPS. THAT'S WHAT WE ENVISIONED.

THANK YOU. CAN I CAN I GET YOUR NAMES FOR THE RECORD? MY NAME IS TOM SAXER. SAKSER. MIKE MCMAHON, MCCRANN. DAISY THOMAS. THANK YOU. HE'S WITH YOUR APPROVAL. THE NEXT GROUP THAT WE HAVE IS THE MAIN STREET RESERVE, AND THEY'RE PROPOSING A NEW BUILDING CONSISTING OF SEVERAL DIFFERENT SPACES. ACTUALLY, THERE'S 20,000FT■!S OF INTERIOR ENGINEERED SPACE TO BE USED FOR STATE OF THE ART CONFERENCE CENTER AND EVENT CENTER, AND A FULL SERVICE GROUND FLOOR RESTAURANT, AND THEN A ROOFTOP BAR AS WELL, AND OR ROOFTOP LOUNGE, I SHOULD SAY.

AND INCLUDED IN THE PROJECT IS A CITY OWNED PARKING GARAGE. AND. WE'RE CITY OWNED PARKING GARAGE. YES. AND IN THE PARKING GARAGE THEY ARE PROPOSING FIRST FLOOR RETAIL SPACE AND OTHER POTENTIALLY OFFICE AND RESIDENTIAL SPACE ATTACHED TO THE PARKING GARAGE ALONG NEBRASKA AVENUE. THEIR TOTAL PROJECT COSTS ARE ESTIMATED AT $22,400,000, WITH A PROPOSED CONTRIBUTION FROM THE CRA IN THE FORM OF AN ECONOMIC INCENTIVE PACKAGE IN THE AMOUNT OF $3,000,907, $907,729. AND WE DO HAVE A REPRESENTATIVE THAT WILL SPEAK ON BEHALF, I BELIEVE, OR 2 OR 3, AND WE'RE GLAD TO HAVE THEM ALL. SO THANK YOU. THANK YOU FOR ALLOWING US BACK.

TO MY RIGHT IS DAVE DEESE. HE'S WITH BETTER BILL CONSTRUCTION, THE GC. AND THEN TO MY LEFT IS JEREMY STEPHENS. HE'S OUR ARCHITECT. AND THEY CAN ANSWER BOTH ON TIMELINE. AND JEREMY MORE THAN CAPABLE TO ANSWER ON LIFE SAFETY AND EGRESS AND KIND OF WHAT HAS TO GO ON WITH THE BUILDING. SO NAME FOR THE RECORD, COREY PENZA. MAIN STREET RESERVE. THANK YOU. I'M SORRY. YOU WANT TO START AT THAT END? DO YOU WANT ME TO KICK IT OFF AGAIN? ALL RIGHT.

THANK YOU. YOU HAVE ANYTHING YOU'D LIKE TO SAY BEFORE WE ASK QUESTIONS? I JUST I HAVE A FEW THINGS THAT WE PUT TOGETHER FROM FINANCE STANDPOINT TO COVER THE PROJECT. ALL RIGHT.

PAGE 11 OF THE PROPOSED PLAN HAS STABILIZED REVENUE COMPOSITION IN YEAR THREE, YOU ESTIMATE FOR 43% OF THE REVENUE TO COME FROM DINING AND RESTAURANT BASED REVENUE THAT YOU HAVE THE GRAND HALL WITH 42% OF REVENUE FOR WHAT IS ESSENTIALLY WEDDINGS, CORPORATE SEMINARS, GALAS, AND THE LIKE. THAT TOTALS UP TO THE WEDDINGS ALONE IS 42. BUT THEN WHEN YOU ADD IT ALL TOGETHER, IT'S OVER 100 DIFFERENT EVENTS OVER THE COURSE OF THE YEAR. AND THEN A CRESCENDO ROOFTOP LOUNGE AT 11% OF THE REVENUE FOR WHAT LOOKS LIKE ANOTHER RESTAURANT STYLE, BUT SPECIFICALLY RELATED TO COCKTAILS. AND PLEASE, IN YOUR RESPONSE TO MY QUESTION THAT'S

[00:40:01]

IT'S NOT GOING TO BE KITES. IT'LL ACTUALLY BE PARTIALLY ENCLOSED AS WELL AS A FULL ROOF WITH LIKE, YOU KNOW, THE ALL THE RAIN SHADES THAT CAN GO DOWN ON THE SIDE OF IT. SO YOU CAN ACTUALLY FEASIBLY DO A FULL BANQUET DINNER OUT THERE AS WELL. BUT PREDOMINANTLY OUR, OUR REAL GOAL FOR BUSINESS IS, IS ACTUALLY CONFERENCES. IT'S BRINGING IN HIGHER END BUSINESSES MIDWEEK. YOU KNOW, I'VE SEEN WHAT IT LOOKS LIKE HERE ON THE WEEKENDS AND THE BUSINESS IS THERE. BUT YOU KNOW, WHERE I THINK EVERYBODY KIND OF HURTS IN THE AREA IS THAT MIDWEEK BUSINESS REALLY KIND OF IT'S IT'S KIND OF EVERYWHERE. IT'S NOT JUST NEW PORT RICHEY IS THAT MIDWEEK BUSINESS IS THE TOUGH STUFF TO GET. SO WHEN YOU PUT IN A CONFERENCE CENTER, NOW WE CAN BRING IN 200 PEOPLE AT A CRACK AND YOU GOT 200 PEOPLE. YEAH. THE CAPTURE RATE IS ABOUT 25%. I MEAN, IT'S IT'S CONSERVATIVE, YOU KNOW, LIKE, YOU KNOW, LET'S BE REALISTIC, 75% OF THESE PEOPLE ARE NOT GOING INTO YOUR RESTAURANTS, BUT 25% AT AN AVERAGE SPEND.

YOU KNOW, YOU END UP WITH ABOUT $145,000 IN JUST IN SPILLOVER AT A $20 SPEND, YOU'RE DONE WITH YOUR CONFERENCE. YOU WANT TO GO GRAB AN APPETIZER, YOU KNOW, YOU GO DOWN TO ZEN, YOU GET SOME SUSHI, YOU GET A GLASS OF WINE. THAT'S WHERE THAT'S GOING TO COME FROM, YOU KNOW, BUT IT'S THE GOAL WITH THIS, WHEN I, YOU KNOW, WHEN I LOOKED AT IT WAS, WHAT'S THE EASIEST WAY TO GET HUNDREDS OF PEOPLE IN ONE AREA AND PUT THEM IN DOWNTOWN? YOU KNOW, WHETHER YOU GET A HIGHER CAPTURE RATE THAN, YOU KNOW, GREAT. MY NUMBERS, THEY'RE THEY'RE REALLY CONSERVATIVE. I BEING A RESTAURANT PERSON AND A CHEF FOR YEARS, I SPEAK TO DOWNSIDE.

I DON'T I DON'T SPEAK TO UPSIDE. I KNOW WHAT THE VENUE CAN DO. FOR INSTANCE THAT LOUNGE NUMBER, IT'S WAY OFF. BUT THE POINT BEING IS I WOULD RATHER LOOK AT THE HAIRCUT VERSION OF IT AND KNOW WHAT I'M GETTING INTO. THAT WAY I DON'T HAVE TO WORRY. IF YOU DO LOOK AT THE NUMBERS, WE'RE SITTING AT ABOUT 207 78 PER SQUARE FOOT IN GROSS SALES. BANKS UNDERWRITE. THEY START AT 300 AND HAIRCUT AT ABOUT 20%. AND I'M WELL BELOW THAT. AND WE CAN STILL TAKE ABOUT A 20% HIT AND STILL FUNCTION. SO IF THAT ANSWERS PART OF IT, I MEAN, WE HAVE A. AND WHEN YOU SAID THAT THE REVENUES WERE WAY OFF FOR THAT SPECIFIC SECTION, YOU MEAN IT WAS ON THE LOW END? OH, IT'S EVERYTHING'S ON THE LOW END. I DON'T EVER TALK UPSIDE. OKAY. AND THE, THE ACTUAL CONSTRUCTION, THERE'S A DEMO TO THE BUILDING, WHICH IS WHAT MAKES THE ROOFTOP POSSIBLE.

YOU'RE REDOING THE WHOLE BUILDING, CORRECT? YEAH. AND THEN THERE'S A PARKING GARAGE COMPONENT. CAN YOU EXPLAIN THE, THE, THE TIMELINE OF THAT OR THOSE TWO SEPARATE PHASES OR WHAT'S COMING FIRST? WHAT'S WHAT'S THAT LOOK LIKE? YOU WANT TO SPEAK ON THAT, THAT WILL BE COLLECTED. ALL OF THOSE WILL BE EXCUSE ME, THEY'LL BE COLLECTED. THOSE WILL BE AT THE. OUR TIMELINE IS APPROXIMATELY 16 MONTHS. FROM DEMO TO ERECTION AND THE FINANCING FOR THAT. I KNOW YOU JUST PRESENTED MORE HERE. THAT'S. DID YOU GIVE A 61% OF. IT IS ALREADY COVERED.

THE FIRST EMAIL THAT YOU SEE ON THERE IS COUNTERPOINT. COUNTERPOINT ACTUALLY DEALS WITH C PACE FINANCING. YEAH. C PACE IS AN ENERGY EFFICIENT PROGRAM USED IN FLORIDA,

[00:45:05]

YOU KNOW, FOR INSTANCE, YOU KNOW, LIKE CURRENT BUILDING, YOU HAVE TO HAVE A GREASE, YOU HAVE TO HAVE GREASE TRAP. IT HAS TO BE ABLE TO SEPARATE OFF. IT'S PART OF YOUR OCCUPANCY WITH THE, WITH THE HEALTH DEPARTMENT. BUT THEY HELP FUND THAT. THEY'LL ACTUALLY FUND 35% OF THE STABILIZED VALUE. SO THEY'RE AT ABOUT SEVEN POINT, WE'LL CALL IT 7 MILLION ON THE LOW SIDE, 7.8 ON THE HIGH SIDE, NEW MARKETS TAX CREDITS. I'VE ALREADY BEEN SPEAKING WITH BAKER TILLY IN REGARD TO THAT. IT'S CPA FIRM. BUT THEY DEAL WITH THESE NEW MARKET TAX CREDITS. I DIDN'T OVERLY PLAN FOR THEM ONLY BECAUSE IT IS HOSPITALITY. THEY TEND TO GO MORE TOWARDS HEALTH CARE AND MANUFACTURING, JUST MORE JOBS CREATED. THEY DO HAVE A SPECIFIC SECTION THAT'S IN THERE THAT THEY HAVE SOME KIDS THAT ACTUALLY BUY UP. THAT'S AN UPSIDE. THAT IS THE ONLY UPSIDE I TALK ABOUT, BUT THAT'S $4.5 MILLION IN FORGIVABLE EQUITY THAT THEY ACTUALLY FORGIVABLE CAPITAL THAT GOES IN. BUT THE STIPULATIONS BEHIND THAT ARE 60% OF YOUR EMPLOYEES COME FROM THIS AREA, WHICH IS FINE. THAT'S THE GOAL. HEALTH INSURANCE IS OFFERED. AGAIN, THAT'S THE GOAL WE'RE LOOKING TO RE RE WORK THE WAY HOSPITALITY IS DONE. LIKE I SAID, WE HAVE OVER 60 I THINK BETWEEN US. ALISON WHO'S HERE TODAY. SHE'S THE FOOD AND BEVERAGE. SHE'S GOT 20 PLUS YEARS IN. I HAVE 35 IN. I MEAN I'VE BEEN DOING IT SINCE I WAS A KID. AND MY OTHER OPERATIONS PARTNER WHO'S DOWN IN KEY WEST RIGHT NOW RUNNING, HE'S TURNING AROUND DOWN THERE. I MEAN, HE'S GOT 35 PLUS YEARS IN. SO WE JUST WANT TO FIND A PLACE WHERE YOU CAN GET GOOD HEALTH BENEFITS. IT'S NOT THAT HORRIBLE JOB, YOU KNOW, THAT NOBODY WANTS. AND THESE BANQUETS, YOU KNOW, BANQUET SERVERS MAKE A REALLY GOOD LIVING. I MEAN, THEY'RE THEY'RE ON THE 60 70,000 RANGE AT THESE NUMBERS. I MEAN, IF YOU'RE STAFFED APPROPRIATELY, YOU KNOW, THEN THEN THEY MAKE REALLY GOOD MONEY AND THEY GET THE INSURANCE TO BOOT. SO THAT'S KIND OF OUR KIND OF A SIDE GOAL OUTSIDE OF THE, THE REVENUE AND JUST THE TAX REVENUE IT GENERATES FROM A PLACE THIS SIZE. I MEAN, I THINK WE'RE WE'RE NEAR 300,000. IT'S BEEN A WHILE SINCE I'VE LOOKED AT THE RFP, BUT I THINK WE'RE NEAR LIKE 270 IN PROPERTY TAX FOR JUST THE VENUE ALONE, LET ALONE WHATEVER THE RETAIL WILL PAN OUT AT. AND THEN, WELL, THERE'LL BE NO TAX ROLL ON THE PARKING GARAGE BECAUSE, WELL, YOU GUYS WILL OWN IT. THAT THAT WAS ACTUALLY GOING TO BE YOU JUST SEGUE INTO MY NEXT QUESTION WAS IF YOU COULD JUST EXPLAIN THE DYNAMICS BETWEEN THE CITY AND THE CRA AND THE PARKING GARAGE AND THIS PROJECT, IT'S ALMOST AS IF WE'RE THE CITY WOULD END UP, EXCUSE ME, OR CITY OR CRA WOULD END UP WITH THE PARKING GARAGE IN RETURN FOR WHAT IS ESSENTIALLY A SWAP OF THE BUILDING. THAT'S STILL THAT'S EXACTLY WHAT'S GOING TO HAPPEN. YEAH, YOU GUYS NEED THE PARKING DOWNTOWN. AND I'VE SEEN WHAT SATURDAY LOOKS LIKE. YOU KNOW, IT IT'S BRUTAL. AND I MEAN, ORIGINALLY IN MY PLAN, YES, I, I, I PUT AN ROI ON IT BECAUSE, WELL, I'M SORRY, I RUN BUSINESSES, I'M GOING TO ROI SOMETHING. WHEN WE HAD OUR SELECTION COMMITTEE MEETING, IT WAS BROUGHT TO MY ATTENTION THAT WE DIDN'T WANT TO CHARGE FOR IT. SO WE JUST SAID, OKAY, THAT'S FINE. THEN IT GOES TO THE CITY. SO I KNOW THE TIF BONDS THAT WERE WE WERE TALKED ABOUT. I KNOW PART OF OUR PACKAGE WAS ABOUT 3 MILLION IN TIF BONDS. BUT IF I IF I RECALL AND CORRECT ME IF I'M WRONG, PLEASE, THAT GOES BASED ON WHAT WE GENERATE NEW TAX INCOME THAT DOESN'T COME FROM COME FROM THE PUBLIC THAT COMES WHAT WHAT THIS PROPERTY ALONE WILL GENERATE IN TAX REVENUE. SO THAT DOESN'T HURT ANYBODY.

NOBODY'S BILLS GO UP, YOU KNOW, NOBODY NOBODY IS PAYING THEIR TAX DOLLAR TODAY. OR THIS IS OUR TAX DOLLARS THAT ARE PAYING FOR THIS BOND. SO WHAT DO YOU WANT TO COMMENT ON THAT. THE TIF BONDS I WOULD AND WHAT I WHAT I NEED TO TELL YOU IS THAT AT THIS POINT, I HAVEN'T SAT DOWN WITH ANY OF THE RESPONDENTS TO OUR RFP. AND SO NO DEAL IS COMPLETELY BAKED AT THIS POINT. AND WE HAVEN'T DONE OUR DUE DILIGENCE ON ANY OF THE PEOPLE THAT HAVE SUBMITTED PROPOSALS. SO IF YOU'RE ABLE TO GIVE US SOME DIRECTION TONIGHT, I WOULD SUGGEST THAT THE NEXT STAGE IS OUR DUE DILIGENCE AND REALLY HONING UP THE FULL PACKAGE OF WHAT WOULD BE INVOLVED SPECIFICALLY IN THE PROJECT AND HOW ALL THAT COORDINATION DETAIL IS SOLIDIFIED. AND THEN, YOU KNOW, SOME FORM OF AN ECONOMIC DEVELOPMENT INCENTIVE THAT WOULD BE BROUGHT BACK BEFORE YOU FOR CONSIDERATION. THANK YOU. AND I DO JUST TO SAY, ON THE OTHER PART OF THE FINANCING, WE DID ACTUALLY HAVE BANGKOK AND ECHELON BANK HAVE ALREADY BOTH EXPRESSED EXTREME INTEREST THAT IF AWARDED, THEY ARE GOING TO TALK TO AND THEY WILL

[00:50:04]

SO IT'S A LITTLE BIT MORE THAN STANDARD SENIOR DEBT. HOWEVER, IT IS ALSO 2% LESS THAN PREFERRED DEBT. SO IT KIND OF WORKS IN OUR FAVOR. YOU KIND OF SHAVE 2% SO I CAN KEEP MY CAPITAL DOWN. FOR A PRIVATE EQUITY INVESTOR, KIND OF DE-RISKS THEM, HELPS DE-RISK IT TANKING AND, YOU KNOW, MAKING IT GO DARK. IT'S A GREAT PROGRAM. BUT YES, YOU'RE RIGHT, IT DOES SIT AS A TAX LIEN AND THE BANK DOES HAVE TO SIGN OFF ON IT. SO AND IN THAT EMAIL, VICTOR ZANG THEY'RE, THEY'RE GOING TO WORK HAND IN HAND WITH THE LENDERS AS WELL AS I DID. I DID DISCUSS IT WITH BAKER TILLY AS WELL. AND THEY WILL WORK IT IN IF THEY HAVE TO. THEY ACTUALLY WILL PUT THE WHOLE PACKAGE TOGETHER, EVEN THOUGH I'VE ALREADY FOUND LENDERS AND, AND EVERYTHING. SO THAT THAT GENERALLY GOES OVER A LONGER PERIOD OF TIME, 30 YEARS. SO POINT BEING, CITY TRANSFERS THE PROPERTY FOR 30 YEARS THROUGH THE CRA. AND I JUST WANT TO MAKE SURE EVERYONE BECOMES FAMILIAR WITH CHAPTER 163. I DON'T KNOW IF YOU'VE READ IT OR YOU FOLLOW IT, BUT I WILL TELL YOU THAT THERE ARE SOME PROVISIONS IN HERE THAT WOULD BE TYPICAL OF WHAT WE DID WITH THE HACIENDA, FOR EXAMPLE. BUT ONE OF THE PROVISIONS SAYS, IF, IF, IF WE SELL SOMETHING FOR A REASON, THEN THAT PROPERTY IS COMMITTED TO THAT REASON. WE DID THAT WITH THE HACIENDA. IF YOU EVER STOP USING IT AS A HOTEL, IT COMES BACK TO THE ENTITY, TO THE CITY. SO MY POINT WOULD BE, IF WE TALK ABOUT AN INDEBTEDNESS, EVEN THOUGH WE'RE A CITY AND WE'RE TAX EXEMPT, THAT'S A LOAN THAT'S PAID OFF OVER 30 YEARS.

SO EFFECTIVELY ALL OUR TRUST HAS TO GO INTO THE INTO THIS PROJECT. IF IT WAS TO OCCUR THAT THAT THE PROJECT WOULD REMAIN VIABLE, THAT IT WOULD BE PROFITABLE AND THAT THE OWNERSHIP WOULD BE ABLE TO HOLD ON TO IT. IT ALSO PROVISIONS THAT IF OWNERSHIP CHANGES, IT'S THE CITY HAS TO AGREE TO WHO THAT WOULD BE SOLD TO. SO THERE ARE A LOT OF PROVISIONS THAT I THINK ARE GOING TO BE IMPORTANT TO BE LOOKED AT. IF, IF, IF THEY FOLLOW THIS PROCESS AND TO THE ASPECT OF THE PARKING GARAGE, IT SOUNDS TO ME AS IF THE. WELL, MY FIRST QUESTION IS, WOULD WOULD YOU BE PAYING FOR THE BUILDING AS PART OF THE 3.7 MILLION. IS THAT CAPTURED AS SOMETHING THAT THE CITY WOULD GIVE YOU THE BUILDING, OR DO YOU DO YOU INTEND TO PAY FOR THE BUILDING DIRECTLY? WE'VE TALKED BOTH WAYS, BUT LIKE YOU SAID, IT JUST HASN'T BEEN ESTABLISHED YET. WELL, I JUST SAID I HAVE NO PROBLEMS. WE'VE HAD NO PROBLEMS. BUT ORIGINALLY I HAD TO PAY FOR THE BUILDING. SO TO BE CLEAR, AND THIS PROVISION, IF THERE'S ANY DISCOUNT ON THE SALE OF THE BUILDING, THEN IT HAS TO BE A PUBLIC HEARING, 30 DAY NOTICE AND A WHOLE BIG PROCESS TO GO THROUGH. SO TO THE DEGREE THAT INCENTIVES BECOME EFFECTIVELY ADDED AFTER THE FACT, I JUST WANT TO MAKE SURE THAT WE'RE FOLLOWING AND THAT WE HAVE ALL OUR DUCKS IN A ROW. UNDERSTOOD THE THERE'S BEEN SOME OPPOSITION TO THE PARKING GARAGE AND THE LOCATION OF IT RIGHT THERE, WHETHER THE CITY WANTED IT RIGHT THERE. I SEE YOU HAVE SOME KIND OF A IF THIS IS THE ONE WITH THE DRAWING, WITH THE CROSSOVER TO BRING INTO THE BUILDING, CONNECTING IT A CITY CONNECTED TO THE. THERE ARE A NUMBER OF ISSUES THAT ARE THERE. I'M ASSUMING THAT THERE WOULD BE A A REQUEST TO HAVE A DESIGNATED NUMBER OF SPACES IN THE BUILDING, EVEN IF IT WAS ACTUALLY. I CUT THAT BY OVER 25%. WE WERE LOOKING AT 100. I ONLY NEED ABOUT 15 TO 20 SPACES. OTHER THAN THAT, PEOPLE NEED TO SHOW UP EARLY JUST LIKE ANY OTHER PARKING. SO I THINK THAT THOSE ARE ALL CONSIDERATIONS. I KNOW WITH KAISER UNIVERSITY, WHEN WE BUILT THE PARKING GARAGE THERE, THEY GOT A CERTAIN NUMBER OF SPACES AND THEY PAID A CERTAIN AMOUNT OF PERCENTAGE INTO IT. THAT BECOMES, YOU KNOW, TO, TO YOUR POINT, WHICH I AGREE WITH OPEN SPACES FOR WHOEVER WANTS TO COME TO TOWN AND

[00:55:07]

JUST. THANK YOU. YES, SIR. I'M GOOD RIGHT NOW. JUST GIVE ME FOR A MINUTE. I MEAN, I LIKE EVERYTHING YOU GUYS HAVE TO SAY. YOU KNOW, I THINK AND I MENTIONED THIS BEFORE, I ALMOST FEEL LIKE MAYBE WE NEED TO SEPARATE THE PARKING GARAGE OUT OF THIS SCENARIO, BECAUSE I ALMOST FEEL LIKE IT'S NOT LIKE THE BEST COMPARISON TO THE REST OF PEOPLE'S PROPOSALS BECAUSE WE'RE KIND OF, WE'RE KIND OF GIVING A PARKING GARAGE AND THAT MIGHT MAYBE GIVE A LITTLE MORE WEIGHT. SO NOT TO SAY THAT WE DON'T WANT TO DO A PARKING GARAGE, BUT I THINK A PARKING GARAGE IS A GOOD IDEA. AND I KIND OF FEEL LIKE MAYBE THAT'S A GOOD LOCATION, BUT I THINK MAYBE THAT'S TO A BIGGER DISCUSSION. ASIDE FROM JUST THE PHYSICAL BUILDING ITSELF, YOU KNOW, AND I KIND OF LOOKED OVER THE PLAN, THE PROPOSAL. I MEAN, YOU KNOW, PETER AND I WERE JUST AT AN FRA CONFERENCE, YOU KNOW, DOWN IN PORT CHARLOTTE. AND WE WENT TO A FACILITY THAT PRETTY MUCH IS DRIVEN BY CONFERENCES. LIKE YOU'RE SAYING, THAT'S PRETTY MUCH ALL THEY DO THERE.

IT'S NOT REALLY OPEN TO THE PUBLIC, AND IT IS A VERY HIGH END LOCATION, AND IT BRINGS PEOPLE IN FOR A LOT OF MONEY, YOU KNOW? AND THAT TO ME IS SOMETHING WE'RE MISSING HERE.

SO. YOU KNOW, I THINK EVERYTHING SOUNDS GOOD. BUT TO PETER'S POINT, YOU KNOW, WE NEED TO MAKE SURE THAT WE'RE WE'RE DOING IT THE RIGHT WAY. THE NUMBERS MAKE SENSE. YOU KNOW, JUST LIKE THE BRAINSTORM SCENARIO, YOU KNOW, WE WANT SOMETHING THAT WE'RE GOING TO INVEST IN THAT'S GOING TO BE HERE. YOU KNOW, I DON'T WANT TO INVEST IN SOMETHING THAT IN THREE YEARS WE'RE GOING, IT'S A GHOST TOWN AND WE MADE A BAD MOVE. YOU KNOW, I'VE SEEN AND HEARD THOSE STORIES ELSEWHERE. AND I WANT TO AND THAT'S KIND OF WHY WE'RE DOING THIS, BECAUSE I WANT TO MAKE SURE THAT WE'RE WE'RE NOT ALL OUR I'S AND CROSS ALL OUR T'S. AND OBVIOUSLY WE'LL DO OUR DUE DILIGENCE ONCE WE GET TO THAT POINT. BUT I APPRECIATE THE EXTRA INFORMATION THAT YOU GUYS PROVIDED US TONIGHT. SO THANK YOU. AND CAN I ADD ONE THING? AND I'M SORRY, DIRECTOR ALTMAN WITH THE C PACE, IT ALSO CAN GO AWAY WITH REFI. AND THE GOAL IS TO REFI ALL DEBT AT AT FIVE YEARS. SO I JUST I'M AN OLD GUY IN AN OLD TOWN AND YOU KNOW, I WANT TO I DON'T WANT A PARKING GARAGE, QUITE HONESTLY, IS BIGGER THAN ANY OTHER BUILDING DOWNTOWN. DO I THINK IT COULD CAN MIRROR THE ONE OUT ON 19 WHERE IT'S TWO FLOORS OF PARKING AND ONE FLOOR IS OPEN, SO IT DOESN'T LOOK AS BIG AS IT AS IT IS? SO I DO QUESTION THAT.

AND I SO AND I JUST WONDERED IF, IF, WHY YOU CHOSE THAT LOCATION. LIKE I ASKED THE OTHER PEOPLE WHY YOU CHOSE THAT LOCATION. IT'S THE BEGINNING OF EVERYTHING. AND IT'S, IT'S THE RIGHT SIZE BUILDING. IT'S, IT'S JUST, IT'S THE RIGHT SIZE LOT TAKING THE BUILDING DOWN, RIGHT SIZE LOT. MY APOLOGIES. BUT YEAH, PARKING RIGHT ACROSS. AND FOR A 300 PERSON CONFERENCE CENTER, YOU'RE GOING TO NEED PARKING. YOU KNOW, GRANTED, YES, THERE IS THE OTHER LOT ON 19. I ALREADY HAVE A PLAN IN PLACE FOR THAT IN MY HEAD. WE'LL WE'LL HAVE A CARGO VAN SHUTTLE, WHICH WE CAN DO BECAUSE I KNOW THAT'S BEEN A BIG THING ON FACEBOOK IS PEOPLE ARE, YOU KNOW, THE SHUTTLE TIMES AREN'T THERE, BUT WE HAVE A PLAN TO TO SQUARE THAT AWAY FROM OUR SIDE.

JEREMY COULD ACTUALLY SPEAK. WE ACTUALLY JUST HAD A DISCUSSION ABOUT THIS. WHAT, WHAT'S LESS THAN A WEEK AGO ABOUT BECAUSE THERE WAS SOME CONCERN AT THE OCTOBER 6TH THAT IT MIGHT JUST BE TOO BIG. AND WE HAD BEEN TALKING ABOUT A WAY TO FIND A WAY TO SCALE IT DOWN, BUT STILL GET THE SAME SPACE. AND THANK GOD I GOT HIM BECAUSE HE KNOWS. BUT IF YOU'D LIKE TO SPEAK A LITTLE BIT TO THAT, WELL, TO YOUR TO ANSWER YOUR QUESTION, WHY THAT LOCATION, THAT LOCATION, YOU HAVE A LANDMARK WHICH IS A HACIENDA, AND THEN YOU HAVE THIS BANK BUILDING, WHICH IS THE ANCHOR. WHATEVER BUILDING THAT'S GOING TO GO, THERE IS GOING TO BE THE ANCHOR OF MAIN STREET. AND THERE'S SOME REAL POTENTIAL THERE FOR BEAUTIFUL BUILDING THAT IS GOING TO BE THE NEW ANCHOR OF NEWPORT. RICHIE. THE HACIENDA IS NICE. IT'S AN OLD HISTORIC BUILDING. THERE'S NO HISTORIC SIGNIFICANCE ABOUT THAT BUILDING. IT WAS IT'S A MID-CENTURY MODERN BANK THAT'S BEEN EVOLVED INTO SOMETHING THAT WE DON'T RECOGNIZE ANYMORE.

THERE'S NO WINDOWS. THERE'S NO NO DISCERNIBLE ENTRANCE. THERE'S NO FACADE, THERE'S NO FENESTRATION, FENESTRATION ON THERE. AND SO TEARING THAT BUILDING DOWN AND REPLACING IT

[01:00:03]

THIS IS GOING TO BE THE FLAGSHIP BUILDING OF OF NEW PORT RICHEY. THE. ALL THE BUILDINGS THAT ARE ATTACHED TO IT DOWN MAIN STREET. WE KNOW THOSE BUILDINGS ARE OLD.

THEY'RE GOING TO NEED RETROFITTING OR MAJOR REMODELING IN THE NEXT DECADE OR TWO. I WAS HERE THIS PAST WEEKEND OR THE WEEKEND. IT'S BEAUTIFUL DOWNTOWN. AND THEN YOU LOOK AT THOSE BUILDINGS AND THE RETAIL IS REALLY LACKING. AND SO THIS NEW BUILDING THAT HAS THE POTENTIAL TO BE THE FLAGSHIP OF THIS AREA, A BEAUTIFULLY DESIGNED BUILDING.

AND THE, THE RENDERING THAT WE DID WAS JUST KIND OF SCHEMATIC TO JUST TRYING TO FIGURE OUT WHAT COULD GO THERE. I THINK THERE'S WAYS TO SOFTEN THAT, SCALE IT DOWN, OFFSETS, YOU KNOW, IMPEDIMENTS, ARCHITECTURAL IMPEDIMENTS TO HELP SOFTEN THAT MASSIVE SCALE.

BUT THAT LOT IN ITSELF, WHEN YOU COME DOWN MAIN STREET, THAT IS GOING TO BE THE ANCHOR.

THAT'S WHAT YOU'RE GOING TO SEE. AND I THINK THAT'S GOING TO BE THE NEW REPRESENTATIVE OF EVERYTHING ELSE THAT'S GOING TO OCCUR DOWN MAIN STREET. SO WE HAVE TO MAKE SURE IT'S DONE CORRECTLY. YOU'RE HIGHLIGHTING THAT CORNER, BUT AS SOON AS YOU TURN ON GRAND, THERE'S A THERE'S A WHOLE IMAGE OF THE TOWN DOWN IN THAT DIRECTION TOO, WITH THE THEATER AND SOME OF THE OLDER BUILDINGS. SO I JUST THINK IF YOU'RE REMODELING THAT OR REBUILDING THAT, THAT IT, IT SHOULD COORDINATE, NOT NECESSARILY BE THE STAR, BUT BE THE COORDINATOR OF AN EYE OPENER TO THE REST OF IT AND, AND FIT IN WITH THE REST. OH, ABSOLUTELY. THAT'S PART OF THE, YOU KNOW, AS A CONVENTION CENTER TYPE PLACE THAT YOU'RE REALLY LOOKING AT. DO YOU THINK THERE'S HOTELS CLOSE ENOUGH THAT WOULD I MEAN, YOU'RE ONLY TALKING 42 ROOMS AT THE AT THE HACIENDA. YOU'VE GOT, I DON'T KNOW HOW MANY OUT OF 19 THERE, BUT I MEAN, DO YOU YOU KNOW, IF YOU LOOKED AT THAT NUMBER IN THE AREA AND WHAT WHAT KIND OF I KNOW I, I KNOW YOU'VE LOOKED AT THAT NUMBER AS FAR AS THAT NUMBER. I MEAN, AS FAR AS WHAT'S HERE, MOST OF THE MOST I'M SORRY, MOST OF THE BUSINESSES WILL ACTUALLY BE LOCAL COMPANIES. I MEAN, THERE'S A NUMBER OF PHARMACEUTICAL COMPANIES HERE IN TOWN. UNFORTUNATE, WELL-BUILT, ACTUALLY LEFT. I KNOW THEY THEY WERE BOUGHT OUT AND THEY JUST ENDED UP MOVING TO NEBRASKA OR WHATNOT. IT WAS SO I MEAN, THAT'S A, YOU KNOW, A HUGE BUILDING. BUT THERE IS A LOT OF THAT HERE. A LOT OF IT WILL BE LOCAL FOR THE THE LARGER PIECES. I MEAN, YOU CAN GO, YOU'RE GOING TO GO DOWN TO 19. THERE'S NOT TOO MUCH I KNOW THERE'S THE THE ONE PROJECT THAT'S COMING. I THINK THERE'S A J W SUPPOSED TO BE BUILT DOWN ON 19 AT SOME POINT. FROM A STANDPOINT OF STAYS, I DON'T SEE IT BEING THE OVERNIGHT ONES. I DON'T SEE BEING THE MAJOR DRIVER AT FIRST. I THINK YEARS DOWN THE ROAD, MAYBE FIVE, SIX YEARS DOWN THE ROAD, THAT MAY BE SOMETHING THAT TRULY HAS TO BE VISITED. YOU KNOW, NOBODY WANTS A HOTEL RIGHT IN THE BLANK LOT THAT'S RIGHT ACROSS THE STREET ON BANK. I MEAN, BECAUSE NOW YOU'RE TALKING ANOTHER MASSIVE HOTEL ACROSS FROM A HOTEL. YOU KNOW, I THINK THE HACIENDA, I CAN'T WAIT TO ACTUALLY PARTNER WITH THEM BECAUSE MOST OF THE CONVENTIONS YOU'RE GOING TO BRING IN, LIKE I SAID, ARE GOING TO BE LOCAL. YOU MAY HAVE THE HANDFUL OF PEOPLE THAT STAY, WHICH IS GREAT BECAUSE THEN, YOU KNOW, AN OFF TIME, THEN WE CAN HELP FILL THAT. BUT MORE TO YOUR POINT, I DON'T YOU'RE TALKING TEN MILES DOWN THE ROAD, TEN MINUTES DOWN THE ROAD, I THINK ON 19. YOU GOT THE CARROLL ON DOWN THERE. I'M TRYING TO THINK OF WHAT ELSE IS DOWN THERE. I'M SURE WE HAVE A NEW HOTEL COMING. YOU DO HAVE A NEW HOTEL COMING HERE. OKAY. I KNEW I'D MISS SOMETHING, I GUESS. I GUESS MY BIGGEST MY BIGGEST THOUGHT. AND OBVIOUSLY, YOU GUYS ARE A LOT MORE KNOWLEDGEABLE THAN ME IN THIS WHOLE ASPECT, BUT I, YOU KNOW, IT'S ALWAYS, YOU KNOW, I LOOK AT THE ECONOMY AND DIFFERENT THINGS AND YOU GUYS ARE PUTTING OUT A LOT OF MONEY, OBVIOUSLY, AND YOU'RE SAYING YOU CAN BACK IT UP AND YOU'RE GOING TO BE ABLE TO PRODUCE THE REVENUES NEEDED TO KEEP IT GOING. AND YOU KNOW, I DON'T DOUBT YOU FOR A SECOND. YOU KNOW, YOU'VE DONE THIS. I IN THE BACK OF MY MIND, I'M ALWAYS WORRIED ABOUT NEXT YEAR'S GOING TO BE A BETTER YEAR. AND YOU KNOW, MAYBE IT WILL, MAYBE IT WON'T, YOU KNOW, BUT EVERYBODY TAKES THAT RISK. I JUST I JUST WOULD HATE TO SEE ALL THAT INVESTMENT PUT INTO THE BUILDING. AND THEN SOMETHING HAPPENED. LIKE, I KNOW IT'S NOT MAIN STREET LANDING, BUT IT'S WHATEVER IT'S CALLED NOW AND HAVE THAT SITUATION WHERE HAVE A, YOU KNOW, BASICALLY THE CENTER OF OUR CITY FOCAL POINT. AND THEN IT'S, YOU KNOW, VACANT OR, YOU KNOW, SOMETHING HAPPENS, GOD FORBID, YOU KNOW, I'M NOT SAYING IT WILL, BUT I ALWAYS KEEP THAT IN THE BACK OF MY MIND. BUT ULTIMATELY, YOU GUYS, I MEAN, WE'RE OBVIOUSLY TAKING A LITTLE RISK TOO. WE'RE INVESTING MONEY. BUT YOU GUYS ARE DEFINITELY THAT'S WHY I'VE LOOKED AT MY NUMBERS 22,000,008 A SMALL NUMBER. YEAH. SO YEAH, NO, WE WOULDN'T BE WE WOULDN'T BE HERE IF I, I WASN'T CONFIDENT IT WAS GOING TO BE. LIKE I SAID, THAT'S WHY I TALK IN DOWNSIDE. YOU KNOW, THAT'S WHY YOU BRING UP THAT, YOU KNOW YOU BRING UP THE IDEA THAT IT'S A LOCAL THING. WELL, THAT'S WHAT I'M SAYING. IT'S JUST AN ECONOMY CHANGE IN OUR AREA. IT'S GOING TO BE FELT RIGHT OFF THE BAT BECAUSE OF THE ECONOMIC LEVEL OF THE PEOPLE THAT LIVE HERE. SO YOU'RE SAYING, YOU

[01:05:04]

EVERYTHING'S FANCY SCHMANCY. EVERYBODY WANTS TO GO THERE AND CHECK IT OUT, YOU KNOW, AND AS MUCH AS I LOVE IT HERE, YOU KNOW, WE'RE A LITTLE OLDER. WE HAVE LESS FRILLS. SO I THINK YOU'RE BEING CONSERVATIVE ON SOME OF YOUR NUMBERS. I THINK IF YOU WERE TO APPROACH THE TOURISM AND I THINK COULD BE HUGE, AND I THINK WITH SOME OF THE OTHER PROJECTS WITHIN THE CRA, IF THIS WAS TO COME TO FRUITION, I THINK THEY COULD PLAY OFF OF ONE ANOTHER, YOU KNOW, AND SOME OF THE, YOU KNOW, SOME OF THOSE PROJECTS MIGHT BE HERE TODAY. I MEAN, SO I JUST THINK DON'T DISCREDIT THE TOURISM SECTION BECAUSE I THINK THAT COULD BE REALLY PIVOTAL TO MAKING UP FOR THE SHORTFALL OF PEOPLE THAT ARE WITHIN THE CITY, YOU KNOW, BECAUSE LIKE WE TALKED WITH THE LAST, YOU KNOW, IT'S LOW INCOME HERE. SO THIS IS A LITTLE HIGHER END. SO YOU'RE NOT NECESSARILY ATTACKING THE THE LOCAL PERSON. I MEAN, THERE IS A SMALL DEMOGRAPHIC THAT COULD USE IT, BUT THE MAJORITY OF PEOPLE, YOU KNOW, MIGHT JUST BE A ONCE IN A WHILE THING. BUT THE CONFERENCE DRIVER TO ME, YOU KNOW, I THINK IS A BIG ASSET THAT THE CITY DOESN'T HAVE NOW THAT WE COULD POTENTIALLY HAVE. AND, YOU KNOW, I DEFINITELY THINK WE SHOULD REVISIT THE WHOLE PARKING GARAGE THING, AS I SAID EARLIER. SO. ANYTHING ELSE AND WE HAVE LOOKED AT FROM OUTSIDE, IT'S IN THE PLAN. IT'S JUST LOCAL TO START. AND THEN AND THEN YOU CAN MOVE. BUT THE TOURISM. YES. SPORTS COAST, I'D LIKE TO REACH OUT TO THEM AND FIND OUT AS WELL. SO HASN'T THAT HASN'T GONE ON ONE THING THAT WE DO HAVE ON THE WEST COAST OR EVEN ON ON THE OTHER HALF OF NEWPORT BEACH, WE HAVE A, A CITY CENTER, WHICH IS, IS ATTRACTING, YOU KNOW, PEOPLE FROM OTHER AREAS. MATT. ANYTHING ELSE? NO. I'M GOOD. ALL RIGHT. THANK YOU VERY MUCH. THANK YOU VERY MUCH. APPRECIATE IT. NEXT PROPOSAL THAT WE'D LIKE TO ADVANCE. AND I WAS JUST ABOUT TO SAY I DON'T SEE MR. CHARLES, BUT I NOW DO IS THE MUSEUM OF ARCHEOLOGY, PALEONTOLOGY AND SCIENCE, AND THEY ARE PROPOSING TO MOVE INTO THE BUILDING AND TO UPDATE IT TO ACCOMMODATE THEIR PRESENCE. AND THEY'RE ESTIMATING THAT THEIR PROPOSED PROJECT COST WOULD BE 1.15 MILLION TO INCLUDE A CONTRIBUTION FROM THE CRA OF $750,000. THE BUILDING WOULD BE OWNED BY THE CRA, AND AT THEIR SUGGESTION, LEASE TO MAPS AT $0 PER YEAR, MEANING, IN SHORT, THAT IF SOMETHING FELL SHORT, THE CITY WOULD AT LEAST HAVE AN IMPROVED BUILDING.

AND THEY WOULD COVER THEIR OPERATING EXPENSES THROUGH OR THROUGH THE USE OF EARNED REVENUE ON THE FACILITY. YEAH. AND JUST JUST THIS PAST WEEK RECEIVED ANOTHER 200,000. SO,

[01:10:03]

[01:15:05]

AND WE APPRECIATE ALL YOUR SUPPORT THAT YOU'VE GIVEN US OVER THE YEARS. SO I'LL TAKE ANY QUESTIONS. IF ANYBODY HAS ANY QUESTIONS. YES, SIR. THANK YOU FOR SYNTHESIZING SOME INFORMATION FROM PRIOR AND ADDING IN SOME NEW INFORMATION. I APPRECIATE THAT THE 200,000 YOU REFERENCED IS THAT THE CDBG OR IS THAT. YEAH. AND THEN WE'VE BEEN WELL, MOST LIKELY. I MEAN, WE'VE TALKED TO THEM ABOUT NEEDING MORE MONEY BECAUSE WE DO HAVE KIND OF WE NEED TO BE OUT OF WHERE WE'RE AT. I MEAN, NOT THAT WE COULDN'T GET AN EXTENSION, BUT WE HAVE A MARCH 1ST DEADLINE TO MOVE THE COLLECTION OUT OF THERE. THEY HAVE A KIND OF THE ROBOTICS FOLKS ARE COMING INTO THAT BUILDING, I'VE BEEN TOLD. AND SO THEY DO WANT US OUT TO BE ABLE TO ACCOMMODATE THEIR OWN PROGRAMS. RIGHT. SO SO WE DO HAVE THAT, NOT THAT WE I MEAN, IT'S JUST SO MUCH YOU JUST DON'T WANT TO MOVE IT TWICE. SO MAYBE IF IT WAS IF, SAY, WE'RE STILL DOING RENOVATIONS, AT LEAST IF WE CAN GET THE STUFF STORED, WE'RE NOT REALLY THAT HARDCORE TO SAY, OH, WE HAVE TO OPEN BY WHATEVER DATE, WHATEVER IT TAKES TO GET THE BUILDING UP AND RUNNING PROPERLY AND TO DO THE EXHIBITS PROPERLY. BUT WE DO NEED TO GET WE DO NEED TO FIND STORAGE FOR THE COLLECTION. AND IT'S PRETTY SERIOUS. AND WE'RE ACTUALLY TALKING RIGHT NOW ABOUT CLOSING NOVEMBER 16TH OFFICIALLY. AND THAT'S KIND OF MANDATED ON A LOT OF DIFFERENT THINGS. WE HAVE A DIG IN PANAMA THAT WE HAVE TO ATTEND. WE HAVE WE HAVE A 3D SCANNING COMPANY WHERE WE'RE TAKING A LOT OF THE PRE-COLUMBIAN, WHICH IS OUR LARGEST COLLECTION, TO THEIR FACILITY. AND THEN WE DIDN'T WANT TO MOVE IT BACK TO THE MUSEUM. SO THEY'RE GOING TO BE 3D SCANNING. THEIR GOAL IS TO SCAN EVERY ARTIFACT IN THE MUSEUM. AND SO THAT'S SO THERE'S JUST A LOT OF THINGS. AND THEN OF COURSE, THINGS SLOW DOWN DURING THE HOLIDAYS, DURING THANKSGIVING AND CHRISTMAS A LITTLE BIT. SO WE THOUGHT IT WAS KIND OF AN OPPORTUNE TIME. AND THERE'S SO MUCH EFFORT THAT NEEDS TO GO INTO PACKING. AND THEN OF COURSE, ANY KIND OF RENOVATION. SO SO IF WE'RE GOING TO MEET THAT DEADLINE OF MARCH 1ST, WE NEED TO START NOW. WHAT ARE YOU WAITING RIGHT NOW? A 5000 SQUARE FOOT. YEAH. 5000. THE ORIGINAL MUSEUM WAS 50,000. BUT WE WEREN'T USING IT LIKE THAT.

THAT WELL. SO THIS BUILDING IS STILL SOMEWHAT RESTRICTIVE. BUT I MEAN, WE DO WE PLANNED OUT THE EXHIBITS PRETTY EXTENSIVELY WITH THE FLOOR PLAN THAT'S THERE. OF COURSE, WE DID SAY WE'RE TAKING OUT CERTAIN WALLS AND THINGS WE DO KIND OF LIKE THE FLOW OF THE FIRST FLOOR.

THE FIRST FLOOR REALLY WORKED OUT WELL FOR US. THE SECOND FLOOR, THIRD FLOOR, NOT SO MUCH BECAUSE YOU'RE KIND OF DEAD END SPACES AND YOU KIND OF HAVE TO BACKTRACK. YOU NEVER REALLY WANT TO DO THAT WITH EXHIBITS, BUT I MEAN, IT IS WHAT IT IS. SO WE'RE, YOU KNOW, WE'RE FINE WITH THAT. AND WE'RE ALSO, YOU KNOW, WE'D LOVE TO DO SCHWEGMANN AS WELL. I MEAN, WE DID LIKE THE FACT THAT WE, YOU KNOW, IT'S SO MUCH EASIER TO DO OUTDOOR SHOWS, WHICH ARE HUGE REVENUE PRODUCERS FOR US. I MEAN, THAT SUSTAIN THE MUSEUM FOR TWO YEARS AFTER THAT SHOW.

SO THOSE SHOWS CAN MAKE A LOT OF MONEY. WE'RE SUCCESSFUL. I'VE BEEN DOING THOSE FOR 20 YEARS. YOU KNOW, HOLIDAY LIGHTING SHOWS, YOU KNOW, CHINESE LANTERN SHOWS, ANIMATRONIC DINOSAUR SHOWS. WE WANT TO DO LIKE A CRYPTOZOOLOGY SHOW. THAT'S ANIMATRONIC. SO THERE'S ALL KINDS OF SHOWS YOU CAN DO WITH THOSE PRODUCTS. AND WE WANT TO BE ABLE TO DO THAT.

IF WE CAN'T DO THAT AT AT, SAY IF WE ARE IN THAT LOCATION, WE CAN'T DO THAT THERE. OBVIOUSLY WE COULD DO MAYBE, YOU KNOW, GREAT NATURE PRESERVE OR SOMEWHERE. IT WOULD BE NICE TO DESIGNATE ANOTHER LOCATION IN THE CITY THAT WE COULD DO THOSE SHOWS, BECAUSE THEY'RE GOING TO BE HUGE DRAWS. AND I THINK THE FLORIDA SPORTS COAST, THEY'VE GIVEN US MONEY FOR THE REOPENING OF THE MUSEUM, BECAUSE I DO THINK THEY BELIEVE THAT, YOU KNOW, WE'RE OBVIOUSLY GETTING HEADS IN BEDS BY BY DOING THE THINGS THAT WE DO NORMALLY, AND WE'RE GOING TO BE DOING THEM EVEN BETTER WITH THIS NEW LOCATION. SO THANK YOU. AND THE AND THEN THIS BUILDING IS 15,000FT■!S ABOUT I THINK THAT'S ABOUT. YEAH. SO IT'S TRIPLE THE SIZE. BUT THE YOU TALKED ABOUT THE OR IT'S IN YOUR PROPOSAL FOR. THERE WAS A PRIVATE COMMITMENT FOR 225,000, A CDBG GRANT, WHICH YOU REFERENCED FOR 200,000. AND THAT DOESN'T LOOK LIKE THAT WAS COMMITTED HERE. SO SINCE IT'S COMMITTED NOW, DOES THAT CHANGE WHAT YOU'RE ASKING? LET ME JUST BACK UP REAL QUICK. THE YOU KNOW, THE CITY MANAGER, THANKS TO THE DIRECTOR, DAVIS PUT TOGETHER AN INSPECTION REPORT FOR THE BUILDING. YOU KNOW, WITH SOME CONCERNS OVER, YOU KNOW, BEING UP TO CODE, ROOF OR ROOF REPAIRS, ACCESSIBILITY, SOME MECHANICAL AND POTENTIAL ELECTRICAL CONCERNS, YOU KNOW, ABOUT THE ELEVATORS AND EVERYTHING ELSE. AND SOME OF THESE PROPOSALS THAT ARE COMING BACK ARE EITHER MULTI-PHASED WITH MILLION DOLLAR AMOUNTS FOR EACH PHASE, OR IN ONE CASE, IT'S A COMPLETE OR AN EXCUSE ME. OR THERE'S THE FLIP SIDE OF

[01:20:03]

AND SO THAT'S WHERE MY, MY, MY CONCERN, AND I'M GOING TO WORD THIS AS A CONCERN, BUT PLEASE REPLY TO IT. IF IT WERE A QUESTION, I WANT TO GIVE YOU THAT OPPORTUNITY. THE MISSION OF MAPS. YOU HAVE BEEN. THAT ORGANIZATION HAS SHOWN IT COULD DO BIG THINGS. I MEAN, THE DINOSAUR EXHIBIT AT SCHWEGMANN WAS A BIG THING. IT BROUGHT A LOT OF PRESS. IT BROUGHT A LOT OF PEOPLE DOWNTOWN. MY CONCERN IS THAT THIS BUILDING AND YOU EVEN SAID IT'S TOO SMALL FOR THE ADMISSION OF MAPS. AND WHILE IT MIGHT SERVE TO SOLVE A SHORT TERM PROBLEM, WHICH IS THE STORAGE OF YOUR INVENTORY, I THINK IT ACTUALLY WOULD INHIBIT YOU IN THE ORGANIZATION AND ITS ABILITIES. AND AT THE SAME TIME, A BUILDING THAT COULD POTENTIALLY BENEFIT FROM A $7 MILLION INVESTMENT FROM OUR CRA IS BEING ONLY ASKED TO CONTRIBUTE $750,000 INVESTMENT.

WHEN WHEN THAT HAPPENS, WHEN IN MY MIND, WHEN YOU'RE TURNING, WHEN YOU'RE COMING TO THE CORE DOWNTOWN, NOT DOWNTOWN WITH PALM STREET OR THE PALM DISTRICT, WHEN YOU'RE COMING OVER THAT BRIDGE, IT'S THE FIRST BUILDING YOU SEE. AND SO IN MY MIND, THE CRA DOES NEED TO MAKE A SIGNIFICANT INVESTMENT OR THROUGH A PUBLIC PRIVATE PARTNERSHIP, IT NEEDS TO BE A SIGNIFICANT INVESTMENT BY A PRIVATE ENTITY. AND I THINK THIS PROPOSAL MISSES THAT.

MARK. AND I WANT TO GIVE YOU THE OPPORTUNITY TO RESPOND TO THAT, JUST GIVEN THE THE RENOVATION AND REHAB CONCERNS. AT THE SAME TIME, MAPS IS AN ASSET TO OUR COMMUNITY. AND THEY'RE AT THIS CROSSROAD WHERE THEY'VE GOTTEN A LOT OF SUPPORT FROM THE SCHOOL DISTRICT. BUT I DON'T WANT TO SEE THAT WITH THAT SUPPORT GOING AWAY, YOU'LL BE FORCED TO A POSITION WHERE YOU POTENTIALLY HAVE TO LEAVE THIS COMMUNITY. I DON'T WANT THAT, AND I DON'T THINK YOU WANT THAT EITHER. SO I DO THINK THIS CITY OR THIS COMMUNITY, IT LOOKS LIKE THE THE COUNTY IS STEPPING UP WITH CDBG. FLORIDA SPORTS COAST WANTS TO STEP UP. IT DOES LOOK LIKE WE HAVE A DIFFERENT ISSUE ON OUR HAND, WHICH IS HOW WE CAN GET MAPS TO STAY HERE. AND I DO THINK THAT'S AN ISSUE WE NEED TO ADDRESS SEPARATE FROM THIS. YEAH, I WAS HOPING TO THAT AT SOME POINT WHEN THIS PROCESS IS REFINED THAT WE WOULD BE ABLE TO SIT DOWN REALLY, BECAUSE I DO SHARE YOUR CONCERN WITH ALL THE THE BUILDING CONDITION AND THE THINGS THAT NEED TO BE DONE, THAT WE'D BE ABLE TO SIT DOWN AND REALLY IRON OUT EXACTLY WHAT NEEDS TO BE DONE AND SAY, MAYBE WE'RE PAYING FOR A LITTLE BIT MORE. YOU GUYS PAY FOR A LITTLE BIT MORE. YOU KNOW, WE KIND OF ANTICIPATED THAT WE'D BE SPENDING MORE ON THE BUILDING BECAUSE THESE THINGS ALWAYS COME UP. RIGHT. AND SO IN I THINK MY BIGGEST CONCERN IS REALLY THE SPRINKLER SYSTEM, BECAUSE AS THIS BECOMES A, IT GOES FROM WHATEVER, LIKE MEDICAL OFFICES OR WHATEVER IT WAS TO ASSEMBLY. SO A LIBRARY AND A MUSEUM HAVE THEIR OWN CHALLENGES WITH GROUPS OF KIDS.

RIGHT. AND SO THE SAFETY OF THE BUILDING AND OR THE SAFETY OF THE KIDS RELATING TO THE BUILDING IS IMPORTANT. SO, SO REALLY JUST, BUT BUT IF I'M CORRECT IN SAYING THAT THE CITY MAKES THOSE DECISIONS, NOT THE COUNTY RIGHT FOR THIS BUILDING. YEAH. OKAY. SO JUST KNOWING, KIND OF BEING ABLE TO SIT DOWN WITH, WITH THE POWERS THAT BE FOR THIS BUILDING TO SAY, NO, CHARLES, YOU KNOW, WE NEED TO DO NOT JUST A, B, C, BUT D, E AND F WE COULD COVER THIS, BUT CAN YOU COVER THIS? AND WE'D PROBABLY BE ABLE TO STEP UP WITH THE FUNDS TO BE ABLE TO DO WHAT WAS NEEDED WITH THE BUILDING. LIKE I SAID, OUR CRITICAL THING IS TO, TO DO WHATEVER INTERIOR RENOVATIONS WE NEED TO DO AS SOON AS POSSIBLE. AND THEN THE EXTERIOR WOULD COME WITH PHASE TWO. AND I HAVE TALKED TO THE COUNTY ABOUT THAT MONEY AND ABOUT PHASING IT LIKE THAT. AND THEY, THEY WERE FINE WITH THAT BECAUSE I JUST THINK, YOU KNOW, THE OUTSIDE, THERE'S A LOT OF THINGS WE WANT TO DO WITH THE OUTSIDE OF THE BUILDING FOR ESTHETIC PURPOSES. AS I MENTIONED BEFORE, POPPING IN A BUNCH OF WINDOWS DOESN'T WORK TO OUR ADVANTAGE BECAUSE IT ALLOWS IN LIGHT POTENTIAL, WEATHER POTENTIAL, YOU KNOW, THEFT, ALL THAT. SO WE KIND OF LIKE THAT. IT'S A, A CLOSED BOX, YOU KNOW, THAT HELPS US REALLY WITH, WITH THE KIND OF COLLECTIONS WE'RE TALKING ABOUT, BECAUSE OUR AVERAGE AGE OF OUR COLLECTIONS IS 2000 YEARS OLD FOR THE ARCHEOLOGICAL MATERIAL AND 70 MILLION YEARS OLD FOR THE PALEONTOLOGICAL. AND THIS STUFF IS IRREPLACEABLE. SO WE WANT TO DO EVERYTHING WE CAN TO MAKE IT A HEARTY, YOU KNOW, HURRICANES, YOU KNOW, HARDY BUILDING. AND OBVIOUSLY WITH THE STORMS THAT WE'VE HAD, WE KIND OF LOOK TO SEE WHAT HAS HAPPENED IN THE PAST WITH THE BUILDINGS THAT WE'VE BEEN LOOKING AT. AND SO WE JUST WE AT SOME POINT, I WAS HOPING WE'D WORK TOGETHER ON THE, I SHOULDN'T SAY MINUTIA. IT'S, IT'S A BIGGER DEAL THAN THAT.

BUT ON THOSE, THE FINE TUNING OF WHAT WHAT NEEDS TO BE DONE. AND WE'D STEP UP TO PAY FOR A LOT OF THAT, I'M SURE. SO BUT HOPEFULLY WE COULD, YOU KNOW, WORK TOGETHER ON THAT. BUT. NO, I THINK I JUST SHARE SOME OF THE COMMENTARY OF THE IMPORTANCE OF US HAVING CULTURE IN OUR CITY. WE'VE GOT, YOU KNOW, MANY GROUPS THAT HAVE BEEN SAYING FOR SOME TIME THAT

[01:25:06]

[01:30:08]

THEY ALL KNOW. THE FINAL PROJECT IS BEING SUBMITTED, WAS SUBMITTED. ARE WE READY? YEAH.

HE'S DONE. OKAY. SORRY. I THOUGHT I WAS PICKING UP INTERFERENCE ON MY HEARING AIDS.

THE WAS SUBMITTED ON BEHALF OF STARRETT HOLDINGS, AND IT WAS FOR THE CODY. AND THEIR PROPOSAL SPECIFICALLY WAS TO RENOVATE THE BUILDING FOR AN ACTIVITY PURPOSE AND AND

[01:35:04]

SO LET ME INTRODUCE MIKE HAGERMAN IS OUR PRECONSTRUCTION ESTIMATOR WHO HAS PLAYED A LARGE PART IN US PUTTING THE PACKAGE TOGETHER. AND MARCEL MASLOWSKI, HIM AND I HAVE WORKED TOGETHER FOR UPWARDS OF 15 YEARS. HE WORKS FOR A LOCAL ARCHITECTURE FIRM WHO WE'VE HAD GREAT EXPERIENCES WITH WORKING WITH. WE HAVE EXTENSIVE RENOVATION EXPERIENCE AS WELL.

SO A COUPLE OF THINGS I WANTED TO TALK ABOUT TO OUR ORIGINAL INTENT WHEN WE PUT OUR PACKAGE TOGETHER WAS TO BE 50% OF OUR MONEY THAT WE'RE BRINGING TO THE TABLE THAT WE'RE GOING TO BORROW, AND 50% OF THE CITY, THE REASON THOSE NUMBERS ARE SKEWED TO THE 59% IS WE DIDN'T WE HAD NO IDEA WHAT THE VALUE, WHAT THE BUILDING WAS, WHAT IT WAS EVALUATED AT. SO WE PUT A LOT OF ENERGY INTO READING THE RFP AND UNDERSTANDING WHAT YOU GUYS WANTED. YOU GUYS WANTED A COMMUNITY ACTIVATOR. YOU WANTED SOMETHING TIED IN TO RAILROAD SQUARE. YOU WANTED SOMETHING WITH SOME OUR INTERPRETATION, FLEXIBILITY, EVERYTHING THAT YOU'VE HEARD HERE TONIGHT, ALL OF THESE OTHER PRESENTATIONS, OUR BUILDING CAN DO THAT AS WELL. FROM VERY SMALL EVENTS TO LARGER EVENTS. SO. OUR, YOU KNOW, FROM FROM ROTARY SUPPORTING ROTARY EVENTS TO, TO WEDDINGS TO EXHIBITS TO ANYTHING IN BETWEEN. IT'S NOT JUST FOR, FOR LARGE. AND ALSO, IF YOU LOOK AT OUR FLOOR PLAN, YOU CAN SEE THAT WE HAD TWO DIFFERENT FLOOR AREAS. WE COULD HAVE TWO EVENTS AT ONE POINT IN TIME, WHETHER THAT'S SUPPORTING ANYTHING WITH LOCAL SCHOOLS OR HOME SCHOOLING PROGRAMS LIKE SALT OR ANYTHING LIKE THAT. JUST WE, WE PUT OUR ENERGY INTO MAKING IT AS FLEXIBLE AS IT COULD POSSIBLY BE AND THEN TIE INTO RAILROAD SQUARE AND THOSE LARGER EVENTS THAT COME IN. AND THEN WHEN THE EVENTS OVER THERE, ALL THESE PEOPLE ARE OUT SPENDING MONEY AT THE LOCAL RESTAURANTS AND BARS AND THE JOBS THAT WE WOULD CREATE TIES ALL TOGETHER AS WE FELT THAT OUR PROPOSAL WAS THE ACTIVATOR THAT YOU GUYS ASKED FOR. THANK YOU. HAVE. AND THANK YOU FOR THE CLARIFICATION OF THE 5,050% SPLIT. I APPRECIATE THAT THE.

YOU HAVE 154 ANNUAL EVENTS AND THEN LISTED SEPARATELY FROM THAT AS 102 WEDDINGS. IS THAT A COMBINED 254 EVENTS, OR ARE THOSE. IS THE WEDDINGS WORKING INTO THE THE EVENT NUMBER? THE WEDDINGS IS THE OVERALL PROJECTION. AND ONE THING I WANTED TO TALK ABOUT TOO IS WE'RE SMALL BUSINESS, YOU KNOW, OUR OUR SMALL BUSINESSES THAT MY WIFE AND I STEWARD. RIGHT.

WE MET WITH A LOT OF OTHER SMALL BUSINESS PEOPLE WHEN WE PUT OUR IDEAS TOGETHER, WHAT THEY WANTED, WHAT THEY SAW, WE WENT WE MET WITH WEDDING PLANNERS, WHAT THEY SEE ON A DAILY BASIS, RIGHT? SO AND ON A YEARLY BASIS. AND OUR NUMBERS ARE SUPPORTED BY US MEETING WITH A LOT OF PEOPLE, NOT JUST PULLING NUMBERS OUT OF THE AIR. WE MET WITH PEOPLE TO SEE WHAT WE FEEL COULD ACTUALLY BRING. ARE THOSE PROJECTIONS ON THE HIGHER SIDE? THEY COULD BE, BUT ALSO THE WAY THAT WE'VE PUT THE PACKAGE TOGETHER. WE FELT THAT WE'VE COME IN A CONSERVATIVE MANNER, THAT WE COULD SUPPORT OUR PRO FORMA COULD SUPPORT WITH WHAT WE ARE ASKING THE CRA TO CONTRIBUTE TO THE OVERALL PROGRAM. YEAH. THANK YOU FOR YOUR WILLINGNESS TO EMPHASIZE WHAT WOULD BE A PARTNERSHIP WITH CRA. THE 4737 HOTEL NIGHTS YOU GAVE IT. YOU SAID THAT YOU'VE REACHED OUT TO SOME STAKEHOLDERS FOR THE WEDDINGS, THE NUMBERS TO SUBSTANTIATE THAT. WHERE IS THE ESTIMATE FOR THE THE APPROXIMATELY 5000 HOTEL NIGHTS? WHERE'S THAT FIGURE COMING FROM? THAT WAS 5000 BOOKINGS, CORRECT? YEAH. THAT WOULD SUPPORT I MEAN, WHEN

[01:40:01]

OKAY. RIGHT. YEAH. SO WE WOULD LEASE OUT THE SPACE ON THE CO-WORKING SIDE. WE COULD HAVE MANAGEMENT FIRMS THAT COULD HELP US ON THE FACILITY MANAGEMENT AND ALSO EVENT PLANNING PORTIONS OF IT, OR HIRE STAFF TO ACTUALLY HANDLE THAT. THERE'S A COUPLE DIFFERENT OPTIONS WITH THAT. YOU ASKED BUILDINGS THAT WE'VE WORKED WITH, LIKE MARCEL AND I DID THE STARKEY TLC LOCALLY TOGETHER. I WAS A DIRECTOR UNDER A DIFFERENT HAT OF STARKEY K THROUGH EIGHT AND TLC, BOTH PROJECTS TOGETHER. MY WIFE ACTUALLY WORKED WITH MARCEL ON THAT PROGRAM, SO WE BRING A LOT OF EXPERIENCE WORKING TOGETHER, AND THE TLC IS THE LIBRARY CULTURE CENTER, NEW NAME FOR A LIBRARY, THE REC CENTER. YEAH. OKAY, GOOD. GOOD TO KNOW. AND THEN YOU SAID YOU HAVE FUNDING THROUGH WAS IT BANK OF CENTRAL BANK OF CENTRAL FLORIDA IS WHO WE DO MOST OF OUR BUSINESS BANKING THROUGH AND WHO WE HAVE OUR BUSINESS LINES OF CREDIT THROUGH. FOR OUR THREE CONSTRUCTION COMPANIES. WE HAVE THE LETTER IN THE PACKAGE FROM THEM, BUT WE ALSO MET WITH TRUIST BANK AND THEY HAVE INTEREST IN PARTNERING AS WELL.

OKAY, I HAVE ONE MORE QUESTION ON THE FLOOR ACTIVATION SPACES, BUT I'M TRYING TO FIND IT IN THE PACKAGE. SO IF YOU COME BACK TO ME FOR THAT LAST QUESTION, THANK YOU FOR ANSWERING MY QUESTION. NO PROBLEM. THANK YOU. I'M GOING TO PASS IN HERE THE OTHER QUESTIONS FIRST IF I CAN. I'M LOOKING AT THE WELL I'M TRYING TO FIND, AND I DON'T KNOW IF THAT'S THE SAME THING THAT DIRECTOR PATEL IS LOOKING AT. BUT IF YOU FIND IT BEFORE ME, YOU COULD HAVE IT. YOUR QUESTION, OKAY. ABOUT HOW MUCH LIKE IF WHAT'S THE BIGGEST EVENT YOU COULD PEOPLE WISE. ONE THING THAT WE DID, YOU COULD THE WAY WE HAVE IT SET, WHERE YOU COULD DIVIDE IT INTO TWO EVENT SPACES IF YOU WERE TO PUT THOSE TOGETHER, EVENT SPACE A AND B, WE MAPPED IT OUT. YOU COULD HAVE 212 SEATS, RIGHT? BUT IT DEPENDS ON THE EVENT. IF YOU HAD A WEDDING AND YOU NEEDED A DANCE FLOOR, THAT REDUCES DOWN TO, I THINK, APPROXIMATELY 180 SEATS. WHY DID YOU CHOOSE THAT? THIS BUILDING, IT'S IT'S THE FIRST THING YOU SEE WHEN YOU COME IN TOWN. YOU CROSS THE RIVER. I MEAN, I WAS DRIVING THROUGH DOWNTOWN ON SUNDAY WITH THE THE EVENT THAT WAS COMING ON. I WAS JUST IMAGINING IF THERE WAS AN EVENT GOING ON IN THE PLACE WE WERE AT. IT TIES TO EVERYTHING. IT'S NEAR THE RIVER. IT'S ON MAIN. IT TIES TO RAILROAD SQUARE. IT'S THE PERFECT LOCATION FOR WHAT WE'RE TALKING ABOUT. BUILDING. BUILDING IS THE FIRST FLOOR IS IS ONE ENTITY THE SECOND FLOOR AND THE THIRD FLOOR. DIFFERENT KIND OF ENTITIES. DON'T YOU SEE SOME KIND OF PROBLEMS TRYING TO PUT IN EVENTS? NOT REALLY. NOT AT ALL. FIRST AND THIRD FLOOR ACTUALLY TIE TOGETHER. THEY SUPPORT. SO THE THERE THERE ARE ROOMS THAT YOU COULD USE FOR A CORPORATE OR A CORPORATE EVENT LIKE BREAK BREAKAWAY SEGMENT MEETINGS, OR YOU COULD HAVE A BRIDE AND GROOM SUITE ON THE THIRD FLOOR THAT WOULD SUPPORT A WEDDING. IF YOU WERE HAVING THAT TYPE OF EVENT. THERE WAS A LOT OF THOUGHT, AND I CAN LET MARCEL SPEAK INTO THE WAY THAT WE DID THAT FLOOR PLAN, A LOT OF THOUGHT COLLECTIVELY WITH THE CONSTRUCTION TEAM AND THE ARCHEOLOGICAL, THE ARCHITECTURE TEAM. ONE THING THAT EVERYTHING THAT YOU GUYS MENTIONED IN YOUR REPORT THAT YOU'VE DONE SINCE WE KNEW ALL OF THAT, WE KNEW THE ELEVATOR SHAFT. THE ELEVATORS WERE OUT OF CODE. WE KNEW THE STAIRS WERE OUT OF CODE. WE KNEW THEY NEEDED FIRE PROTECTION. WE KNEW THE ROOF WAS TOAST. WE KNEW IT NEEDED NEW MECHANICAL. BECAUSE OF THE EXPERIENCE WE BRING TO THE TABLE AND WE. THAT'S ONE THING WE WERE GOING TO OFFER. IF I KNEW YOUR CONCERNS. I HEARD YOU LOUD AND CLEAR LAST TIME, CHOPPER. EVERYBODY WAS CONCERNED ABOUT THAT BUILDING.

THAT IS NOT A HARD RENOVATION. IT'S NOT IT REALLY ISN'T. WELL, I'M JUST SAYING YOU'RE TALKING ABOUT NUMBERS. YOU WERE TALKING ABOUT NUMBERS AND YOU GOT, YOU KNOW, NUMBERS FOR THIS, NUMBERS FOR THAT EVENT. SO I'M JUST SAYING, WHEN YOU KNOW YOU'RE STARTING TO BREAK IT DOWN, YOU KNOW, YOU'RE NOT PUTTING THE EVENT TOGETHER IF THEY'RE ON THREE FLOORS. THAT'S WHY I'M ASKING. YEAH. I MEAN, ONE THING THAT I THINK THAT OUR PROPOSAL IS VERY STRONG IS GIVEN ITS FLEXIBILITY, WE'RE NOT CORNERING OURSELVES. WE CAN DO, LIKE I SAID, BIG AND SMALL

[01:45:01]

THERE'S A BAR THERE TOO. SO OUR IDEA IS TO KEEP THIS THING MOVING, THE GEARS TURNING AT SEVEN DAYS A WEEK. AND IF I COULD, YOU ASKED WHY DID YOU GO TO THE MIC? OH, I'M SORRY YOU ASKED. WHY DID YOU CHOOSE THAT BUILDING? IN A WAY, IT KIND OF CHOSE US BECAUSE WE RESPONDED TO THE RFP, AND WE'RE VERY IN TUNE WITH NEW PORT RICHEY. ALL OF US HAVE BEEN LONG RESIDENTS HERE. YOU CAME OUT WITH THE RFP AND WE SAID, OKAY, WHAT CAN WE DO AS DAUNTLESS CONTRACTING TO MEET THIS RFP? SO IT'S NOT AS IF WE JUST CAME DOWN AND SAID, OH, WE'RE GOING TO DO THIS FOR THIS BUILDING. YOU GUYS ASKED WHAT WE SHOULD DO WITH THIS BUILDING. SO IT WAS OUR RESPONSE TO THE RFP, NOT SO MUCH THAT WE SAW THAT BUILDING AND SAID, YES, WE WANT TO DO SOMETHING THERE. NO THANK YOU. BY THE MAYOR KIND OF TOUCHED ON MY QUESTION, WHICH WAS OR I THINK IT WAS JOE, OF THE ACTIVATION OF THAT, THE THIRD FLOOR AND THE YOU HAD MENTIONED SOMEONE HAD MENTIONED, AND I WANT TO IF YOU HAVE TO REPEAT YOURSELF, I'M SORRY, BUT I DIDN'T CATCH THE FULL THING. THERE'S TWO SPACES ON THE SECOND FLOOR THAT COULD BE COMBINED. IS THAT. SO? THE FIRST FLOOR IS EVENTS KITCHEN BAR ENTRYWAY. SECOND IS CO-WORKING AND SUPPORT ROOMS FOR THE COWORKING SPACE. THIRD FLOOR HAS. IF YOU WERE GOING TO HAVE A WEDDING, A BRIDE AND GROOM SUITE, IF YOU WERE GOING TO HAVE A CORPORATE EVENT, A BREAKOUT SESSION, ROOMS AND THE SUPPORT ROOM AND BATHROOMS WITH THAT. AND WHAT WAS THE. SO I WAS ABLE TO REALLY CAPTURE LIKE WHAT I WAS READING THIS, THE VISION BEHIND THE WEDDINGS, THE VISION BEHIND THE HOSPITALITY. I GUESS MY QUESTION IS WHAT IT RELATES TO. WE'VE HEARD SOME CONVERSATION TODAY AROUND CONFERENCES AND TRYING TO BRING THAT EXPERIENCE TO OUR DOWNTOWN.

IT'S DEFINITELY, I THINK THE NEAREST ONE WOULD BE SPARTAN MANOR THAT COULD COMPETE.

HACIENDA JUST DOESN'T HAVE THE SQUARE FOOT TO COMPETE IN TERMS OF BRINGING SOME SORT OF SIZABLE CONFERENCE HERE. WHERE DOES THAT FIT INTO YOUR FRAMEWORK? ARE YOU SAYING THE SECOND AND THIRD FLOORS COULD BE ACTIVATED? NO, YOUR FIRST FLOOR WOULD BE FIRST FLOOR FOR THE CONFERENCE FOR THE MOST PART, UNLESS YOU HAD A BREAKAWAY SESSION OR, OR DIFFERENT THINGS THAT NEEDED TO HAPPEN IN THOSE EVENTS. AND THAT'S THE ONE WITH THE SAME WITH THE WITH THE IDEA OF A KITCHEN IN A, IN A, A FULL, A FULL KITCHEN AND BAR. YEAH. AND, AND JUST I'LL ADD MY COMMENTS. I THINK I, I'M TRYING TO ASK A COUPLE QUESTIONS HIT A POSITIVE AND A CONCERN. WHAT I WILL SAY IS NOT MY CONCERN IS YOUR GUYS'S ABILITY TO DO THE CONSTRUCTION, EXECUTE FINANCE THE PROJECT. I THINK THAT'S A GIVEN. YOU HAVE A LOT OF EXPERIENCE IN THIS WORK AND YOU YOU'VE BEEN IN THIS COMMUNITY. I GUESS WHAT WOULD POTENTIALLY BE MY CONCERN IS THE, YOU KNOW, ONCE THIS BEAUTIFUL, YOU KNOW, ONCE THIS POTENTIALLY BEAUTIFUL BUILDING IS IS RENOVATED IS THE ACTUAL ACTIVATION OF THOSE SPACES. WE'VE HEARD SOME PROJECTS TONIGHT THAT WANT TO TRY TO TIE IN PARKING GARAGES AND WANT TO TRY TO TIE IN.

CONFERENCE BASED EVENTS OR USING THAT THIRD SPACE FOR SOMETHING ELSE. WE HEARD PROPOSALS TONIGHT THAT WANT TO DO CULTURE CENTERS AND REALLY FOCUS ON THE ARTS. AND I'M I'M SEEING A SIMILAR TRACK HERE. AND WERE YOU GUYS DOING A DEMO OR JUST REHAB? I LET ME JUST CLARIFY THAT IT'S BOTH. IT'S A DEMOLISH INTERIOR AND REHABILITATION IN THE INSIDE.

YEAH. OKAY. SO AND ALSO TO LIKE OUR, OUR PROGRAM IS WE FOCUSED IT TYING INTO WITH YOUR, WITH YOUR SHUTTLE AND YOUR DOWNTOWN GARAGE, ADDITIONAL PARKING DOWNTOWN, WHENEVER THAT'S DONE, HOWEVER IT'S DONE WOULD BE GREAT, RIGHT? BUT LIKE SOMEONE SAID HERE EARLIER, IF IT'S GET HERE EARLIER IF YOU NEED TO, BUT ALSO WE HAVE THE PARKING GARAGE AND BE ABLE TO SHUTTLE PEOPLE OVER DAYTIME EVENTS. I SEE THE WEDDINGS AND THE POTENTIAL FOR CONFERENCES.

COULD YOU JUST GIVE AN IDEA OF WHAT WHAT TYPE OF LIKE, OKAY, SO THE THE BUILDING'S DONE.

YOU'RE PARTNERING WITH YOUR SUBLEASING SOME OF THE SPACES. WHAT DOES A MONDAY, WHAT DOES A TUESDAY LOOK LIKE AT THIS SPACE? THE SMALLER EVENT AREA COULD BE AN ART EXHIBIT OR SOME KIND OF SUPPORTING FOR ANY TYPE OF LEARNING ACTIVITY, RIGHT? THE OTHER SIDE COULD BE A ROTARY MEETING FOR A BIGGER FUNCTION THAT THEY HAVE WITH PEOPLE COMING IN FROM OUT OF TOWN, THAT THE THAT MAYBE THE SPARTAN MANOR CAN'T SUPPORT AT THAT POINT IN TIME. THE NEXT DAY COULD BE ON A TUESDAY, THE SMALLER EVENT, SINCE WE HAVE THAT BLOCKED OFF SUPPORTING

[01:50:02]

[01:55:01]

AND LUCKILY WE FOUND ONE THAT WOULD WORK BECAUSE OUR PREVIOUS SPACE, THEY WEREN'T ALLOWING ANYTHING BUT RETAIL ON THE FIRST FLOOR. SO THIS CO-WORKING SPACE, THERE IS A BIG NEED FOR IT. BACK TO WE ASKED A LOT OF PEOPLE LOCALLY, WHAT DO YOU NEED? WHAT ARE YOU LOOKING FOR? RIGHT. BUT THIS COULD CATER TO A SMALLER COMPANY OR A LITTLE BIT BIGGER IF THEY HAVE MORE THAN ONE MORE THAN ONE SPACE. SO I WAS TRYING TO UNDERSTAND YOU WERE TALKING ABOUT UNDER UTILIZATION OF THE SECOND FLOOR. I DON'T THINK IT'S GOING TO BE UNDERUTILIZED. OKAY. I WANT TO BRING UP JUST A LITTLE NOTE AS A FLORIDA ROOM IS DOING THAT FLORIDA ROOM IS DOING THE THE SMALL CONFERENCES, THE AND YOU'RE TALKING ABOUT LIKE THE SPACE NEXT TO THE WHAT USED TO BE DAMN GOOD THAT THAT'S WHAT THEY'RE USING BOTH THOSE SPACES NOW. YEAH, YEAH, YEAH. AND SO THAT, THAT I'M JUST SAYING AND, AND TO YES. AND TO YOUR POINT. WHAT, IT'S ALMOST LIKE A HYBRID OF WHAT YOU WOULD SEE AT LIKE PEACE HALL, BUT ALSO THIS ELEMENT OF WHAT YOU ARE SEEING ON THE TOP OF ESTUARY. SO MY QUESTION HAS BEEN, AND WITHOUT WE DON'T, WE DON'T HAVE ENOUGH.

DIVERSITY DOWNTOWN FOR ME TO NOT SAY THIS WITHOUT CALLING OUT A SPECIFIC BUSINESS, BUT I DON'T KNOW IF THEY WOULD AGREE THAT THOSE SPACES ARE BEING UTILIZED FULLY. AND SO MY QUESTION IS, AND SO MY POINT, MY POINT IS THAT AT THIS POINT IS THERE'S A DIFFERENCE IN MY MIND BETWEEN A CONFERENCE SPACE FOR EVENTS AND A CONFIGURATION THAT TRIES TO APPEAL TO AN OFFICE BASED PURPOSE, WHETHER SHORT TERM OR LONG TERM, JUST A DAY, AND WHETHER OUR DOWNTOWN COULD SUPPORT THAT VERSUS FLORIDA LEAGUE OF CITIES USING A CONFERENCE SPACE OR A DENTAL ASSOCIATION PUTTING ON A CONFERENCE. I THINK THOSE ARE TWO VERY DIFFERENT THINGS. AND.

IF IF THESE REVENUES ARE BEING TIED TO POTENTIAL FUND THAT, THAT'S GREAT AND ALL. IF THERE IS A UTILIZATION. YEAH. ONE THING YOU GOT TO THINK ABOUT, AND I DON'T KNOW IF IF YOU HAVE THOUGHT ABOUT THIS, RIGHT, YOU CAN IMAGINE THAT THE DOLLARS GENERATED ARE A FUNCTION OF THE SQUARE FOOT THAT WE'RE TALKING ABOUT, RIGHT? THE SECOND FLOOR IS A VERY SMALL AREA. IT'S A VERY UNIQUE BUILDING OVERALL, RIGHT? SO IF YOU'RE GOING TO USE, THE ONLY WAY THAT WE SAW THIS WORK IS USE THE BONES THAT'S THERE, THE BONES THAT'S THERE CAN BE RENOVATED IN THE PRO FORMA WORKS IN ORDER TO HAVE SOMETHING THAT WORKS FOR EVERYBODY. THE SECOND FLOOR IS PROBABLY A LESS THAN A QUARTER OF THE OVERALL SQUARE FOOT. IT'S PROBABLY IT MAY BE 15, 20%.

RIGHT. THAT WAS WHY MY QUESTION WAS IF YOU GUYS, I CUT MYSELF OFF AND WANTED TO REMIND REMINDER IF YOU GUYS WERE DOING A DEMO OR NOT, BUT I HAVE WHAT I NEED. YOU SPOKE TO THE TO THE FINANCING WITH THE BANK OF CENTRAL FLORIDA AND YOU, YOU SPOKE TO THE HOTEL, THE USE OF HOTEL SPACES AND THE VISION FOR THE SECOND AND THIRD FLOOR. SO I THINK I HAVE THE INFORMATION I NEED. I APPRECIATE YOU GOING BACK AND FORTH. THING IS THAT WHEN YOU GOT A COMMERCIAL BUSINESS RUNNING THAT BUILDING, IT'S GOING TO BE THEIR SALES OF THAT BUILDING. YOU KNOW, SAY IT ONE MORE TIME. I DIDN'T CATCH THAT. IT'S GOING TO BE THE SALES, YOU KNOW, THE SALES SELL OF THAT BUILDING TO GET THE PEOPLE TO COME IN AND UTILIZE THOSE SPACES TO, I DON'T KNOW THAT ABOVE THE ESTUARY THAT I SEE A LOT OF ADVERTISING TO TRY TO BRING PEOPLE INTO THAT BILLBOARD, BUT THEY'RE STARTING TO DO SOME ADVERTISING WITH THE FLORIDA ROOM. OKAY. I APPRECIATE IT. NO, I THINK WHEN WHEN THEY'RE DONE. I HAVE A FEW THINGS TO SAY JUST IN ORDER TO PROVIDE, I JUST. SO I JUST WANT TO, YOU KNOW, RESPOND. SO, YOU KNOW, I LIKE THE CONCEPT. I LIKE THE IDEA. MY ONLY ISSUE THAT I HAVE, I FEEL THAT WE HAVE A LOT OF SMALLER SPACES CURRENTLY IN THE CITY THAT WE CAN HOLD SMALLER EVENTS. I THINK WHAT WE'RE REALLY LACKING IS SOMEWHERE THAT'S A LARGER SPACE THAT WE CAN HOLD A LARGER EVENT. BECAUSE CURRENTLY THE ONLY SPACE THAT WE CAN HOLD OVER 150 PEOPLE IS SPARTAN MANOR. SO, I MEAN, ME PERSONALLY, I WAS KIND OF LOOKING FOR A VENUE THAT WE COULD HOLD EVENTS LIKE OUR CITY EVENTS. I MEAN, WE HOLD ALL OF OUR CITY, YOU KNOW, LUNCH APPRECIATION, ALL THESE EVENTS, YOU KNOW, ARE AT SPARTAN MANOR, WHERE I THINK IT WOULD BE A GREAT ASSET FOR THE CITY TO BE ABLE TO HOLD OUR EVENTS FOR OUR CITY WORKERS. WHAT'S THE AVERAGE SIZE YOU THINK OF A CITY OF LIKE 400, 400? OKAY. SO THAT'S, YOU KNOW, AND THAT'S THE BIG ISSUE IS LIKE, I LIKE

[02:00:07]

YOU KNOW, THAT'S WHY FOR ME PERSONALLY, I'M LIKE THINKING, YOU KNOW, DEMOING THE BUILDING, MAXIMIZING YOUR SQUARE FOOTAGE, YOU CAN GET THAT SPACE. REMEMBER, WE ARE PRO FORMA IS BASED UPON SOMETHING THAT WOULD WORK FOR THAT VALUE OF CONSTRUCTION THERE. SO MAYBE THERE'S SOMEWHERE IN BETWEEN. MAYBE IT'S NOT FULLY KNOCKING IT DOWN AND BUILDING SOMETHING LARGE. MAYBE IT'S MODIFYING IT AND ADDING A DIFFERENT STORY. YOU COULD TAKE THE BONES THAT ARE THERE AND STILL GO VERTICAL IF YOU NEED IT, BUT THAT THAT GOING VERTICAL MEANS MORE MONEY, RIGHT? RIGHT. MORE MONEY MEANS MORE OF AN ASS TO THE CRA. SO ARE WE WILLING TO SIT AT THE TABLE AND TALK ABOUT DIFFERENT OPTIONS WITH THAT THAT CAN ALLOW MORE PEOPLE? ABSOLUTELY.

IF YOU WANT TO DO THAT. THANK YOU PETER. WELL, I GUESS I'LL JUST ASK ONE QUESTION BECAUSE WE'VE HAD OTHERS THAT HAVE A CONTRACTOR WITH THEM. IT SEEMS TO ME THAT BETWEEN YOUR REAL ESTATE AND MARKETING, AS WELL AS YOUR CONSTRUCTION COMPANY AND IN, YOU KNOW, IN CONCERT WITH THE ARCHITECT, THERE ARE TWO OPTIONS FOR THE CITY. ONE IS TO HOLD THE BUILDING AND IMPROVE IT OR DO SOMETHING WITH IT, KNOCK IT DOWN, REBUILD IT AND OWN IT. THE OTHER IS THAT IT'S SOLD. SO IF THE CITY IS ASKED TO GIVE SOMETHING OF VALUE AWAY, IF WE DO KNOCK IT DOWN, WE TAKE AN IMMEDIATE LOSS OF THE VALUE FROM THE APPRAISAL OF THE CONSTRUCTION OF THE BUILDING. WE START FROM FRESH, SO WE END UP WITH A VERY EXPENSIVE VACANT LOT TO START WITH, WHICH THEN WE'RE BEING ENTICED TO SPEND A WHOLE LOT OF MONEY TO CREATE A PRIVATE INVESTMENT FOR WHOEVER DOES IT. MY QUESTION TO YOU WOULD BE, IF THE CITY WAS TO DETERMINE THE OTHER WAY, TO SAY, YOU KNOW WHAT, LET'S FIND OUT WHAT WE CAN GET IN TERMS OF A CONTRACT TO TO DO WHAT YOU'RE SAYING TO DO IN TERMS OF, OF REMODELING IT IN A WAY THAT IT'S MOST EFFICIENT AS IT SITS. WELL, MAYBE IT'S NOT A FAIR QUESTION TO ASK, BUT YOU WOULD BE A POTENTIAL PERSON TO RESPOND TO THAT REQUEST TO SAY, OKAY, IF THE CITY IS WANTING TO DO SOMETHING AND MAINTAIN CONTROL OF IT, BECAUSE ONCE WE GIVE IT AWAY, WE LOSE IT. AND, YOU KNOW, I'M GOING TO KEEP MY OWN OPINIONS TO MYSELF. AT THIS POINT, BUT I AM GOING TO READ A FEW THINGS AT THE END OF THIS MEETING FROM THE STATUTES, JUST SO EVERYBODY IN THE ROOM IS CLEAR FOR WHAT WE ARE OBLIGATED TO DO AS A CRA BOARD. AND I THINK THAT IT MIGHT HELP TO TO GEL SOME OF THE MIS MISREPRESENTATIONS, MAYBE IN MY MIND OF WHAT HAS BEEN THAT WE ALREADY KNOW WHAT WE'RE GOING TO DO WITH IT, BECAUSE THIS BOARD HAS NEVER SAID SELL, BUY OR DO ANYTHING. AND WE'RE HERE IN A POSITION WHERE THE LAW IS TELLING US TO FIGURE THIS OUT AND MAKE SURE THAT IT MEETS OUR OUR REDEVELOPMENT PLAN ANYWAY. BUT THANK YOU FOR FOR YOUR PATIENCE. THANK YOU. THANK YOU. THANK YOU. THANK YOU VERY MUCH. WELL, I'M JUST GOING TO SAY STRAIGHTFORWARD. I GOT MORE INFORMATION THAN I PREPARED TO MAKE A DECISION ON TONIGHT. I JUST ALONE THAT THE CONDITION OF THE BUILDING WITHOUT ANY KIND OF NUMBERS OR FAIR NUMBERS FOR IT IS A PROBLEM FOR ME TO MAKE A DECISION. I, I, ONE OF THE ENTITIES BROUGHT UP SWETMAN, AND I'M NOT SURE THAT TWO OF THEM MIGHT NOT BELONG AT SWETMAN. SO I JUST THINK THAT I NEED MORE MYSELF. PERSONALLY. I NEEDED MORE DO MORE INVESTIGATING WITH CITY STAFF.

I'LL GO FIRST. YEAH. LET ME I JUST WANT I JUST WANT TO READ THIS BECAUSE THIS IS THE LAW.

AND SO THAT'S EASIER THAN ME TRYING TO TELL YOU WHAT SHOULD HAPPEN OR SHOULDN'T HAPPEN. BUT IT SAYS THAT ANY COUNTY, MUNICIPALITY OR COMMUNITY REDEVELOPMENT AGENCY MAY SELL, LEASE, DISPOSE OF OR OTHERWISE TRANSFER REAL PROPERTY OR ANY INTEREST THEREIN ACQUIRED BY IT FOR COMMUNITY REDEVELOPMENT IN THE COMMUNITY REDEVELOPMENT AREA TO ANY PRIVATE PERSON, OR MAY RETAIN SUCH PROPERTY FOR PUBLIC USE AND MAY ENTER INTO CONTRACTS WITH RESPECT THERETO FOR RESIDENTIAL, RECREATIONAL, COMMERCIAL, INDUSTRIAL, EDUCATIONAL OR OTHER USES IN ACCORDANCE WITH THE COMMUNITY REDEVELOPMENT PLAN. SUBJECT TO COVENANTS, CONDITIONS AND RESTRICTIONS, INCLUDING INCLUDING COVENANTS RUNNING WITH THE LAND AS IT DEEMS NECESSARY OR DESIRABLE TO ASSIST IN PREVENTING THE DEVELOPMENT OR SPREAD OF FUTURE

[02:05:06]

[02:10:04]

THERE'S NOTHING WRONG WITH US GIVING OUR OPINIONS TODAY OF OUR FAVORITE PROJECT, OR WHAT WE THINK WOULD BE BEST IN THAT BUILDING, IF THAT IF THAT'S YOUR INTENTION, I DON'T KNOW. I THINK MY INTENTION IS THAT WE PUT OUT AN RFP AND THAT WE NEED TO GIVE STAFF A DIRECTION ON NEXT STEPS FOR THAT RFP, AND THAT IF, YOU KNOW, I'M NOT ME PERSONALLY, I. I SEE IT TWO WAYS. THERE IS A THERE IS A WAY WHERE THE TO YOUR POINT, THERE'S A WAY WHERE YOU'RE PARTNERING WITH ONE OF THE TWO ENTITIES THAT WANTS TO DEMO WHAT WANTS TO DO, YOU KNOW, SOME, SOME SORT OF HOSPITALITY INTERNAL DEMO, NOT THE WHOLE BUILDING AND DOING A COMMERCIAL PROJECT THERE. THAT'S HOSPITALITY BASED WEDDINGS. AND YOU HAVE ANOTHER FLIP SIDE THAT WANTS TO DO CULTURE. I'VE ESTABLISHED THAT. I THINK IT'S TRUE THAT MAPS MUSEUM DOESN'T FIT THAT MODEL. SO THAT YOU HAVE THE OTHER OPTION, WHICH IS BRAINSTORM. AT THIS POINT, IT'S, IT'S, IT'S TELLING STAFF. I MEAN, IN MY MIND, LET'S, LET'S SAY, LET ME UNDERSTAND WHERE YOU'RE COMING FROM. IF WE GAVE STAFF DIRECTION TODAY TO MOVE FORWARD WITH THE RFP ON THE MAIN STREET RESERVE, I THINK THAT'S THE ONE WITH THE DEMO. I JUST DON'T HAVE THE NAMES. THE DEMO WITH THE PARKING GARAGE. WHAT IMPLICATIONS DOES THAT HAVE LEGALLY WHEN YOU TALK ABOUT THE STATUTE, HELP ME UNDERSTAND WHY WE HAVE TO KICK THE CAN BASED ON THIS STATUTE.

WE HAVE TO HAVE A PUBLIC HEARING. THIS IS NOT A PUBLIC HEARING, HAS TO BE ADVERTISED IN THE NEWSPAPER. THAT'S FAR ENOUGH. OKAY. BUT IF WE DO BRAINSTORMS, SINCE THERE'S NO SALE OF THE BUILDING, IT'S JUST A CRA INVESTMENT, THEN THAT'S THAT. THERE'S NO PUBLIC HEARING FOR THAT. ALL RIGHT. THAT HELPS ME UNDERSTAND. THANK YOU FOR YOUR PATIENCE WITH MY QUESTION.

THAT BEING SAID, I GUESS IT'S IT'S UNFAIR OF ME TO EXPECT THE REST OF THE COMMUNITY REDEVELOPMENT AGENCY TO WANT TO MOVE QUICKLY, BECAUSE I DON'T HAVE THAT LEGAL SNAFU, BECAUSE I'M OF THE MINDSET THAT OUR CRA SHOULD BE INVESTING IN THE PROJECT AND THAT WE SHOULD BE DOING IT THAT WAY AND THAT HONESTLY, WHETHER IT'S A BRAINSTORMS OR ANOTHER ENTITY, I DO THINK THE CRA SHOULD SHOULD BE STRATEGICALLY ADVANTAGED TO HAVE AN INVESTMENT IN THE PROJECT. AND SO THAT'S FORGIVE ME FOR FEELING LIKE I'M RUSHING YOU GUYS, BUT THAT'S WHY I'M, I'M READY TO GO GUNG HO BECAUSE WE HAVE A PROJECT HERE THAT WANTS TO DO A PARTNERSHIP WITH THE CITY AND WANTS TO INVEST IN THAT PROJECT. AND IN MY MIND, YOU KNOW, WE'RE, WE ARE, WE ARE, I AM GRATEFUL WE HAD FIVE RFPS, BUT I ALSO I ALSO WANT TO MAKE IT CLEAR, I SYMPATHIZE WITH. WE MIGHT NOT GET FIVE RFPS OR WE'RE NOT BEING GOOD STEWARDS.

IF WE CONTINUE TO DRAW PEOPLE IN AND THEN TELL THEM TO WAIT. THIS WILL BE THE SECOND TIME DOING THAT. AFTER A LONG, EXTENSIVE PROCESS, THEY HAD TO GO THROUGH ON THE STAFF SIDE.

SO I'M I'M OF THE OPINION WE DO WE GIVE SOME IF MAYBE IF MAYBE IN PROFESSIONAL STAFF, MAYBE CAN WE PROVIDE SOME SORT OF DIRECTION? LIKE FOR ME PERSONALLY, I DON'T THINK MAPS FITS THE MARK. SO I DON'T THINK MAPS SHOULD HAVE TO GO THROUGH ANOTHER ROUND. WE SHOULDN'T LEAD THEM ON TO DO ANOTHER ROUND OF THIS IF WE ALREADY KNOW WE'RE NOT GOING WITH MAPS.

I'M. I PERSONALLY WOULD NOT VOTE IF SOMEONE PUT UP THAT WE SHOULD ACCEPT MAPS. SO I DON'T KNOW WHERE EVERYONE ELSE STANDS ON THAT, BUT I DON'T THINK WE SHOULD BE LEADING SIGNAL. I GUESS HAD THE. AND I'M GOING TO SOUND A LITTLE CRUDE HERE, BUT SIGNAL, I GUESS IS THE ONLY ONE THAT HAD THE MINDSET OF THIS IS NOT GOING ANYWHERE. I'M GOING TO PULL OUT. SO I'M GLAD THE OTHERS HAVEN'T. I'M GRATEFUL THEY HAVEN'T, BUT I DON'T KNOW HOW MUCH LONGER THEY'RE GOING TO JUST HANG ON WHILE WE KEEP KICKING THE CAN. SO YOU WANT US TO VOTE. AND WE DIDN'T KNOW THE

[02:15:05]

AND BATTELLE, I 100% AGREE WITH YOU ABOUT THE KICKING THE CAN DOWN THE ROAD, BUT I ALSO DON'T WANT TO MAKE A HASTY DECISION THAT WE COME BACK ON AND SAY, GOD, IF WE JUST WOULD HAVE WAITED, GOT A LITTLE MORE INFO, MAYBE WE COULD HAVE MADE A BETTER DECISION. NOW. I AGREE, I THINK WE OWE IT TO EVERYBODY WHO CAME HERE TO SPOKE TO LET THEM KNOW WHERE WE STAND, BECAUSE I DON'T THINK IT'S FAIR TO TO DRAG IT OUT. YEAH. YOU KNOW, BUT I THINK WE NEED TO KIND OF HAVE AN AGREEANCE ON THAT, YOU KNOW, SO I DON'T KNOW WHAT YOU GUYS THOUGHTS ARE ON THE SCHWEGMANN CONCEPT. YEAH, I LIKE THE IDEA OF SCHWEGMANN. I HAVE A QUESTION FOR THE CITY ATTORNEY IF YOU WOULD. IS THERE IS THERE CAN WE TAKE ACTION ON CERTAIN RFPS WHILE CONTINUING OTHER RFPS, OR IS THIS WE HAVE TO MAKE A DECISION ON THESE RFPS TODAY? NO, YOU DON'T HAVE TO MAKE A DECISION TODAY. AND JUST TO CLARIFY SOME OF THE PROCESS THAT'S INVOLVED HERE, ONCE YOU CHOOSE A EITHER NUMBER ONE CANDIDATE OR YOU APPROVE A CANDIDATE, WE WILL HAVE TO ENGAGE IN NEGOTIATIONS TO COME BACK TO YOU WITH A SERIES OF AGREEMENTS, WHICH, AS DIRECTOR ALTMAN POINTED OUT IN SOME CASES MAY REQUIRE SOME ADDITIONAL NOTICES. AND WE WILL FOLLOW ALL THOSE NOTICES. SO IT'S NOT EXPECTED THAT YOU WERE TO MAKE A DECISION TONIGHT.

THAT'S JUST GOING TO MEAN THAT SOMEONE HAS THE BUILDING OR SOMEONE IS THE APPROVED. WE STILL HAVE TO GO THROUGH THE NEGOTIATION PROCESS AND BRING BACK AT LEAST ONE, IF NOT MULTIPLE AGREEMENTS TO YOU. AND YOU MAY DECIDE THAT WE CAN'T WE CAN'T REACH THE TYPE OF TERMS THAT YOU LIKE. SO WE MAY HAVE TO MOVE ON TO ANOTHER PARTY. SO I THINK IN FAIRNESS, YOU PROBABLY THE, I THINK THE MOST YOU COULD PROBABLY ACCOMPLISH TONIGHT WOULD BE TO RANK THEM.

I DON'T THINK YOU SHOULD ELIMINATE ANYBODY. I THINK AT THIS POINT, I THINK YOU COULD YOU COULD RANK THEM IF YOU WANTED TO. I THINK THAT WOULD BE HELPFUL PROBABLY TO THE STAFF. YOU COULD ALSO CONTINUE IT TO ANOTHER DATE TO GET MORE INFORMATION WITH OR WITHOUT THEM BEING IN ATTENDANCE. THAT'S UP TO THEM. THEY WOULD HAVE THE OPTION TO ATTEND IF YOU WANTED, OR YOU COULD CONTINUE TO GATHER INFORMATION FROM THEM AS WELL. YOU REALLY ARE IN CHARGE OF THIS PROCESS SO THAT YOU CAN MAKE THE BEST DECISION FOR THE CITY. SO I HOPE THAT HELPS ANSWER YOUR QUESTION AS TO HOW TO SAY ONE OTHER THING. TWO, TWO PEOPLE HERE AND I, AND I'M GOING TO ADD MYSELF AS A THIRD. I THINK TWO OF THE PROJECTS SHOULD GO TO SWETMAN. YOU KNOW, I THINK THEY FIT MORE IN THAT SWETMAN PROJECT. SO IF WE HAVE THREE PEOPLE HERE THAT WANT TWO OF THEM TO GO TO SWETMAN, IS THERE SOMETHING WE SHOULD DO ABOUT THAT AT THIS POINT? WELL, I MEAN, YOU CAN ENTERTAIN A MOTION AT SOME POINT TO RANK THEM AND THAT YOU WOULD PUT THOSE TWO DOWN LOWER THAN THE OTHERS WOULD BE THE BEST WAY TO DO IT BECAUSE I REALLY I DON'T THINK YOU SHOULD ELIMINATE ANYBODY JUST YET BECAUSE DURING

[02:20:01]

NOW YOU'RE DRAGGING THEM ALONG FOR THE. THE GOOD OF IT. WELL, YOU'RE STILL NUMBER FOUR. THEY CAN EVALUATE WHERE THEY ARE NOW. OKAY, WE GOT THEM AS NUMBER FOUR. I MEAN, I'LL MAKE A MOTION TO RANK THEM. OKAY. I'M GOING TO RANK MAIN STREET RESERVE AS AS ONE, THE CODY AS TWO AND BRAINSTORMS AS THREE AND FOUR AND THEN FOUR WOULD BE MAPS. SO DO WE HAVE A SECOND? OKAY. IT'S ALL THOSE IN FAVOR? WHAT WAS THE WHAT WAS THE RANKING? MAIN STREET RESERVE FIRST THE CODY SECOND BRAINSTORMS THIRD MAPS IS FOUR. AND WHAT'S THE WHAT. WE'RE RANKING THEM. BUT WHAT'S THE WHAT'S THE NEXT STEP? WHAT'S THE DIRECTION WE'RE GIVING THE CITY MANAGER HERE? SHE'S GOING TO. ARE YOU GOING TO THEN DIRECT US IN CONJUNCTION WITH THAT, TO BEGIN NEGOTIATING WITH THE NUMBER ONE, TO COME UP WITH AGREEMENTS TO BRING BACK TO YOU? YES. SO THAT'S PART OF THE MOTION THEN? YES. OKAY. SECOND AND THE SECOND. SECOND IS THAT THAT IS THE. CODY. OH NO NO NO. SORRY. OKAY. IS THAT THE MOTION THAT ALL THOSE IN FAVOR. WAIT HOLD ON, HOLD ON. MR. MAYOR, LET ME SUGGEST TO YOU THAT IF YOU'RE GOING TO ACT ON A MOTION THAT'S GOING TO RANK AND MAKE ONE OF THEM, NUMBER ONE, AND THAT WE BEGIN NEGOTIATING WITH THEM, YOU SHOULD OPEN UP THIS TO THE PUBLIC FOR COMMENT. OKAY. AT THIS TIME, WE HAVE ANY PUBLIC COMMENT. SEEING NO ONE COME FORWARD, WE'LL BRING IT BACK FOR DISCUSSION ABOUT. YEAH, TWO QUICK THINGS ON THE NEGOTIATIONS. ONE, IT WOULD BE HELPFUL TO KNOW WHAT THOSE ARE GOING TO LOOK LIKE BECAUSE, FOR EXAMPLE. IN THAT DYNAMIC, IF WE'RE TALKING POTENTIAL INCENTIVES, I WOULD LIKE TO KNOW WHAT THOSE LOOK LIKE. AND TO BE CLEAR. IF THE NEGOTIATIONS GO GOOD WITH WHAT AND YOU DO THE WHOLE OPEN MEETINGS, TWO AND THREE DON'T POP UP AT THAT POINT, CORRECT? YES. IF WE IF WE IF WE PRESENT AN AGREEMENT THAT WE'VE REACHED WITH THE APPLICANT THAT YOU ACCEPT AS THIS BOARD, THEN THAT WOULD BE THE END OF IT. BUT YOU DON'T HAVE TO ACCEPT IT. YOU COULD SEND US BACK AND SAY, WAIT A MINUTE, I WANT WE WANT TO CHANGE THIS OR THAT. AND IF THEY CAN EITHER ACCEPT IT OR NOT, AND IF WE JUST FAIL TO REACH AN AGREEMENT, THEN WE'LL MOVE DOWN TO NUMBER TWO AND THREE AND FOUR. OKAY, I'M FINE WITH THE RANKING STRATEGY. MY MY NO VOTE WOULD BE FOR RANKING BRAINSTORMS. THREE THAT THAT IS MY REASON FOR VOTING NO. BUT I DO AGREE WITH GETTING THE BALL ROLLING WITH THE RANKING STRATEGY. SO THANK YOU, MR. JONAS FOR MAKING THE MOTION. I WOULD LIKE TO ASK FOR A FRIENDLY AMENDMENT TO THIS MOTION AND A SECOND TO TO RECOGNIZE THAT YOU IF YOU COULD ADD TO IT THAT YOU ARE NOT INCLINED TO. FIND A FAULT IN THE IN THE RFP, I BROUGHT THAT UP SEVERAL TIMES. I KNOW THERE'S BEEN COMMUNICATION BACK AND FORTH. I KNOW WHAT IT SAYS.

I ALSO BELIEVE THAT THERE WAS NO REQUIREMENT FOR US TO DO AN RFP TO GO THROUGH THIS PROCESS.

SO I THINK WE WE REALLY STRAPPED OURSELVES INTO A PROCESS WE DIDN'T HAVE TO COMPLETE. SO WOULD YOU BE WILLING TO JUST EXCUSE ANY PERCEIVED VIOLATIONS BECAUSE THE BOARD IS THE FINDER? CAN I I'D LIKE THE LAWYER'S OPINION ON THIS. THAT'S THAT'S AN APPROPRIATE MOTION OR ADDITION TO THE MOTION. IS THAT TO ALLEVIATE ANY PROBLEMS WITH ANY OF THE SUBMITTALS TO. WHAT DOES THAT MEAN? WHAT IS THAT? SO THERE. IT'S A FINDING THAT THERE ARE NO THERE ARE NO VIOLATIONS IN THE SUBMITTAL PROCESS. THAT'S ESSENTIALLY WHAT YOU'RE ADDING TO THE MOTION THAT THERE WASN'T THAT THERE WEREN'T. CORRECT. OKAY.

AND THEN JUST ONE FINAL THING. YOU YOU ADDED THAT INTO THE MOTION. THAT'S FINE. AND THAT IS JUST FOR THE RECORD THAT'S AGREED TO BY BOTH THE MAKER OF THE MOTION. AND SECOND, THANK YOU. I AGREE, I NOT THAT IT NECESSARILY NEEDS TO BE PUT INTO MOTION, BUT WE ARE KIND OF I WOULDN'T SAY LIKE A BLANK CHECK TO THE CITY MANAGER, BUT I WOULD JUST EMPHASIZE GETTING AHEAD OF WHATEVER SHE DECIDES TO NEGOTIATE. I WOULD LIKE TO SEE THAT AHEAD OF TIME. SO RATHER THAN JUST HAVING FOUR OPTIONS PRESENTED TO US THAT THEY'VE ALREADY PATTED DOWN

[02:25:03]

[4) Communications]