City Council - Regular Meeting

Heat. Heat. Good afternoon. It is Monday, March 23rd, 2026 at noon and we are here for a joint workshop between the Cordelane City Council and Ignite CDA. So, I would uh start by calling the meeting to order and asking the uh the clerk to do a roll call, please.

English here. Sheckler here. Wood here. Evans here. Miller here. Gabriel. Thank you. I would also like to noted that our two representatives on Ignite will be serving as city council people for the purposes of this meeting. Thank you. And Mr. Osbborne would please call the role for Ignite. Evans here. Jester here. Garcia here. Mandel here. Mets here. And Chairman Hoskins here. And Kiki Miller. Again, I apologize if I'm duplicating, but

thank you. So, apologize for Chris not being here. He just called in arriving into town. You have a broke down. So, Oh, that's horrible. Well, hope hope that gets resolved. And um so we're ready to start. We have a a presentation, but um before we start with a presentation, Christy needs to be gone in a little bit for an appointment. And so I was hoping that she could ask her questions now so that that gets taken care of. If you want to go ahead and do that.

Well, well, just one and I believe it was answered. Um I managed to track down um Scott and Katie. I had a question in the back about the very last page had a statement and I believe that this this is Katie's statement, not statement. That's what was clarified to me. Um, you will see at the bottom on it says, well, no page on, sorry. It says second to the last page. Second of the last page. It says, uh, loan to Celane wastewater treatment is you guys don't have a copy of it. No, we don't, but I'm sorry.

That's okay. I'll read it out loud. Is not stated on Ignite's financial statements as it's not considered an official debt for Ignite as an entity. The city calculates the loan repayment as being covered by the onetime payment at the close of the district. And so my question to Katie and she clarified I said that well that wasn't exactly our agreement. We have a performata and Ignite's been making payments through tax increment both for their debt and the debt the city took out against the wastewater treatment plant almost to the point of $4 million now. And so if you read this though, it looks like we would wait to be paid and at the close of the district, the city would need to pay 5.726 in uh dollars to the wastewater treatment plant. And I could just I imagine the future council, you know, going, how are we going to do that? So, from what I understand talking to Katie, and it's kind of longwinded what I'm getting to, this is to if we close this district today, this would be the debt obligation that council still has to pay back the wastewater treatment plant, but the payments are ongoing. My question is, I think it would be really good for council just to have a copy of that perform um that was originally agreed upon even though Ignite isn't considering it in part of their debt. It'd be good just to have it. I know Danielle has it. Uh I know Tony had it. Troy had it.

I So, uh, council member, I sent the agreement that we signed in 2020 with the with the city. It's not like a proforma for payment. It's just a like a source. It's it's really just a sources and uses for the new project, the Atlas project. Um, but I shared that with Ranata, so she can share that with you. Okay. Thank you very much. Just wanted to make sure that we're still on track of receiving yearly payments through the tax. It's not yearly payments. Oh, it's per district as funds become available. Okay. Thank you.

So, the river district and the lake district have fully paid off their obligations. It's just the Atlas district that that has that has, you know, intent to repay the city, which is all that it all that the agreement says there is. Okay. Thank you. Any other questions you had before? No, I appreciate that. I didn't want to miss that opportunity, but now I'll listen quietly to your presentation. Okay, the presentation. I did want to mention that uh Ron Jacobson is headed to the airport. That's why he's not here. So Katie will be answering any of the financial questions you guys may have. Please will. Thank you, Mr. Mayor.

And this is a workshop, so feel free to speak up whenever. I just wanted to uh say thank you to Mr. Mayor, city council members, and Ignite board members for providing this opportunity to discuss the urban renewal agency and the partnership with the city um as well as the respective districts. For those of you that I've not met, my name is Will Osborne. I moved here from Montana in 2014. I graduated with a degree in finance and spent 30 years in the construction business. Um, most of it in finance and operations. It's a pleasure and an honor for me to serve the citizens of Celane as the executive director of Ignite CDA and continue the excellent work that has been achieved through the cooperation and effort of the agency and the partnership with the city. These accomplishments are outstanding on a national level um and a truly shining example of what can be accomplished by leveraging urban renewal as a tool to bridge private and public development. I would also like to recognize and thank our Ignite board for the time and effort they put forth to this effort on a voluntary basis. Um just quickly I wanted to review the vision and the mission statements for Ignite. Um we strive to be a catalyst for positive change in the creation of an exemplary 21st century city, a city in which economic prosperity, quality housing, and employment opportunities are available to all. Our mission is to bring together resources to achieve Celane's vision of a diverse, sustainable community with

healthy neighborhoods, a vibrant central city, a strong regional economy, sustainable, superior public open spaces, and again, quality jobs and housing for all. Uh, I'll go through this fairly quickly. I think this the focus of today is going to be primarily on the Atlas district um because there is so much activity in that and so much history. Um so in a nutshell and again I'm sure most everybody in this room understands this but I just want to review some basics as a platform for today's discussion but urban renewal does not raise taxes. It uses existing taxes and which continue to fund cities, schools and counties. New property tax value based on the growth and the tax increment is used temporarily for the purposes of the urban renewal.

So I want to mention that while it's true that urban renewal does not raise taxes, urban renewal does affect the levy rate which has typically gone downward because of growth, right? And the new property value growth in the urban renewal district is temporarily redirected but because of changes with house bill 389 we do not collect 100% of that 80%. Thank you for that.

And also just you know you mentioned that I think the one of the districts that spend the most time for me and I was kind of the catalyst in getting this going. For me, the biggest thing I want to hear about is the hospital district health district and uh why we should keep it going if we should or should we alter and so just so you know that's absolutely yeah I appreciate that one on my mind councilman English thank you and I will address that as well. Okay, thank you.

Um, one of the key components of course is the ability to leverage future tax increment um by borrowing money and uh using that capital to engage in economic growth. Um this is going to come up in the discussion of the of the river district and I think it's important that we understand some basics of the of the um borrowing tools that we have at our disposals, the OPAs and the IAS which are owner participation agreements and improvement reimbursement agreements. And those are tools that the agency can use to borrow money that put a 100% of the risk on the developer. If the tax increment doesn't pay the funds back, we're not obligated to pay it back. And you'll see an a working example of that in the river district. This is just a visualization of what we've already talked about. The baseline property value of the taxes stays the same. the increment is used uh by the agency and when the agency is closed the full amount of the of the tax district that has grown over time goes back and to your point mayor there may be a caveat with that due to new legislation. So, in the river district, just a quick overview, um 363 acres when created, 56 acres were deanexed, um which put the that amount back into the tax roles. Um the district sunsets under its natural time frame on September 30th, 2027. Um Mr. Jacobson had done an analysis I believe um but I just wanted to explain this a little bit further.

So right now we have one OPA which is a debt instrument and three IRAs which are also dead instruments and these were contracts that were put into place with some of the people that were involved in the development of this district. Currently there's about $3.6 million outstanding. If that is if the river district were to be closed today, we would owe that in full. The key language to consider is that payments will continue in full until paid or until the sunsetting of the district plus one year. So whatever's due on a August 1st, 2028 is not owed to the investors. So um will do you mind if I ask if your acronyms if you could just explain?

OPA is owner participation agreement. Okay. And IRA is a improvement reimbursement agreement. Okay. Thank you. And again those are debt instruments that the agency uses and the um generally it's a it's a developer that's involved that puts up the funds. And so the the developer investor, it's kind of a gamble for them. They may or may not get the tax improvement back. Correct. Okay. Zero risk of a tax, right?

And that's the language in the agreement that states that. Basically saying that it's conditional upon the receiving of tax increment, which is also why those uh items are not reflected in our financials. So following that example all the way through, this is the payment schedule until the natural close of the district of the river district. And this is just on the OPA, the one obligation. So at the end of it, there'll still be $2 million that we will not have to pay, thus representing a savings to the taxpayers. Um, and all of those OPA and IRA uh debt obligations together equal about $2.5 million. And again, that was reflected in the letter from Mr. Jacobson.

Could I follow up on that last? I thought it was maybe going to be next. I'm sorry. I said I'd be quiet. No, you're fine. Um, that 2 million at the end. So that would be dispersed to the taxing entities. That is debt that we would not pay. Oh, so it would it would depend on you know the balance of the whole district as to what would be reallocated. Okay. Gotcha. Thank you.

So the health corridor district just a quick reminder this is I90 this is 95. This is government way. And the district does uh cross over I90 in that area. Uh there was some talk at one point I believe about some uh direct overpass access to the district from the north side to the south side. Um the health corridor district is is very unique in that the largest property owner is Coupney Health and Coupney Health does not pay property tax. So it it's it's a little bit of a unique situation. Um and how we approach that presents some challenges and some opportunities. Um the only way that this district's going to work is that if Coutney Health agrees as they did at the onset um to participate in a pilot which is payment in lie of taxes. Um that would be a very good thing for the district, that would be a very good thing for the city. um that could bring in a a lot of money that we otherwise would not have the opportunity to to to gain um because they are not held they are not held responsible to pay property taxes at this point. This is a vehicle that would give us an opportunity to benefit from their participation. The district has been largely inactive to your point, Councilman English. Um due to the fact that Coutney Health's

budget has not been very healthy. Um a lot of this was caused by CO um and to date they have not made pilot payments. Um, if you recall, I think one of the largest things that affected their their expenses were the traveling nurses and the increase in labor that they had to have. The traveling nurses represented an increase of 30% in labor costs over resident nurses. Um, and there there were just a domino effect of things that put them in a situation where it was not um feasible for them to make these payments up to this point. There was also turnover in all of the executives and a significant loss of institutional knowledge about the program that they agreed to participate in. So I did meet with the new leadership of uh Coutney Health and there is interest. Um they have identified the the Celane campus as their primary campus going forward. Obviously, they're doing some significant um improvements and investments in the Post Falls area. Um but their plan is that the outlying areas will be used primarily for uh primary care and the trauma care and procedural care will remain in the Celane campus and they do anticipate the Celane campus being the largest um of their assets going forward. They have uh put into motion a formal in assessment of their current campus and uh what its potential represents and the community needs and that is reportedly going to start in the next 30 days and that's something that they're doing on their own independent of us.

Uh we do feel pretty strongly that the health corridor district represents uh the greatest potential for job creation of all the districts that we've been involved in just because of the association with Coutney Health uh and the fact that they are largest employer in uh in the county. Do you have any data that states whether that job creation would happen with or without your participation?

I I do not, but I would be happy to look into that. Coupney Health has a working example of successful project in motion utilizing the Postf Falls urban renewal agency and they have estimated a job creation of a thousand uh plus including voluntary adoption of taxable status to facilitate utilization of urban renewal. And I did inquire about their data source on that number. Um, and the only thing I've gotten thus far is that it was an internal study performed by the hospital administrators, but I can look into that more.

Is there any data economically speaking, and I don't know this, but do health jobs grow the economy or is it a wash? I would say I think grows it, but I 1.59 multiplier jobs multiplier. So it's not like manufacturing which is like a two and a half but it still is not like a service I mean it's service based but not like a restaurant. It's higher than education then I would say they're about the same. What about just general government jobs? A little bit lower.

Thanks. Well, and I would just go back to I I'm glad it looks like, you know, we'll be able to hopefully be at some decision points pretty quickly, you know. Um that's still you know I've admitted before and I will again that you know uh the fault you know and I take some responsibility at the beginning you know we just relied on kind of a handshake agreement instead of a formal agreement for the PILT and payment in lie of taxes and you know on one hand they say well gee with co and all that you know couldn't have sustained but it's a matter of well if you had the cont contractual agreement then that would be a priority so I I guess I'm still going to need some convincing that it's uh it's a net positive I've got an open mind to it but um yeah we're at a real decision time for that so

I I would agree with you um And you know, the fact that we're we're already 5 years into the life of the district, if we are going to get anything done meaningfully, we need to do it. Yeah. And maybe you've got the slide coming up, but like with the past one, like if it, you know, went out of business tomorrow, if we cut it or something, would we is there any positive balance that we would have at this point? Are we still in the hole or what? Dan, that that data is coming up. Okay. It's part of the presentation. I had a question about the voluntary taxes. Yeah, I kind of skipped over that part.

What incentive aligns them to do that rather than just make the investment on their own?

So, um, they chose and and these next couple of slides are just some real quick bullet points that I'm not going to spend a lot of time on. These are the This was the presentation that the hospital gave to Post Falls in uh in their request for urban renewal funding. Um they chose to be a taxable entity in in that scenario. And in our scenario, I believe because the agency is already in place or excuse me, the district is already in place, they can just do the pilot. They don't have to go through and change. I mean, they changed their status from nonprofit to taxable voluntarily in order to participate in the in the uh program in Post Falls. They don't have to do that for for ours. The the mechanism is already in place. So, I think that's the difference, but that's probably something.

The reason they do that is they're going to get over $9 million of infrastructure built for the smaller amount of taxes, right? which they could do the same thing with pilot pilot payout is roughly represents what you would pay in property tax anyone was that's how it's calculated is the same way yeah know this isn't this isn't us this is postfalls but it just seems kind of odd to use urban renewal as a tool where the funding mechanism is a tax increment but yet this property will never generate any property taxes so but it will in for post falls because they've changed their status I believe what 28 change their status. So they're no longer nonprofit. Correct.

So this is a for profit to pay taxes. They voluntarily volunt. So they're doing it here but not here. And that's for a duration of 25 years. You said whatever the l whatever the time span of the district. Districts are all set with a specified time frame. And I think maximum 20 And that's what our district at this point. After the district expires, would their status just go back to not paying taxes? So there wouldn't be that benefit at the end of the district like there is in a different type of district.

You wouldn't have the taxes. No, but you would have a hospital and a thousand jobs. Then well it facilitates other you know if we do a bunch of infrastructure work in that district it facilitates taxable grow tax base growth also in that area right like a big constricting issue in the in the hospital district is the transportation you know that road system if you ever drive it is a real problem and it's impeding development. So if we could get in there and use these pilot and you know use the tool of the pilot to to fix that issue, we could really grow the taxable properties in that area too and and encourage development that does grow the tax base. Private medical offices, labs that

there's a lot of very limited use properties up there, you know, little doctor's office that's been there since the 80s that isn't developing into anything else because the traffic pattern isn't supported, right? I think in the post falls case then there's there'll be lots of um housing and other medical office buildings and stuff then that will all that will be adjacent to the hospital and the infrastructure is helping support those which otherwise could not go in there because they don't have infrastructure street sidewalks. Mhm.

Yeah. Wow. So again, just just an example of of the commitment level that the hospital has. Their awareness level of of urban renewal has definitely gone up. Um the new administration um when we met with them, you know, I I definitely felt that there was a strong interest and we have work to do to educate them and get them up to speed. And u to your point, Dan, M. Councilman English, I believe that time is of the essence. So, how does home construction drive long-term employment?

Got to have a place to live to work. No, I'm talking about long-term employment. Construct. I I did not know that construction as an industry was long-term employment. It's typically the other way around. I understand. would you say to me that it's typically typically the other way around but yeah yeah employment drives home construction that's just a nuance if that if that's one of their arguments then it's a weak nuance yeah is that I don't know if that's what they actually

so unless there are any specific questions related to river or health corridor we're going to move on to Atlas and I'm going to ask Mr. Mr. Phil Boyd to come up with Welsh comr. We'd like to just for a second go back to Coast Falls on that $9 million agreement for the hospital. They they'll create I'm not sure if it's a participation agreement or a improvement agreement. They're agreeing to pay that back. If that doesn't grow or they just build all the streets and the hospital doesn't show up and another those other business don't show up, they don't have that money doesn't have to be paid back. So there's no there's no risk to taxpayers that are without that in that area. So that's that development has to happen at grow. So the hospital gets paid back.

All right. Watch out. That's

Yeah, I saw that. Okay. Thanks, Will. Uh, council members, commissioners, mayor, chairman Hoskins, thank you for the opportunity. Uh, Chairman Hoskins and, uh, Will asked me to go through a little history of how the Atlas project moved along, um, some of the development management, uh, uh, things that Ignite has done to nurture it along in association with the city. And so I had this walk down memory lane um to get the the site to where it is here. This this started in 2017. Uh many of you were here at the time. And one of the things that struck me going down memory lane is the um elements of risk that the city took on and Ignite took on maybe Ignite a little less, but but the leadership that was employed by the city, the creativity um to pull the waterfront out and and reserve it for the city. There's some really significant things that the city and Ignite did here to to create what we see today. um looking back on it, would some of us decide to change things that happened? Probably. Um but there's a lot of positive things um that have happened here. So there's I think a lot to be proud of. Certainly as I was going back through it, I've forgotten so many things. Maybe that's due to my age. Uh but when I look back on it, I'm like, "Wow, there was some really great things that happened." Giving you a few metrics. This is where we think we're going to end up, the project will end up. U 523 dwelling units. Um the multif family is primarily over here in these two developments. There's a little bit of multif family anticipated in this area we call 5A. That is one of the parcels that Knight has not sold yet and uh they're they're pacing themselves to see what happens to the interest rates and um some higher demand for that type. the quite a bit of

town homes that have happened. Twin homes for definitions, a twin home is like a duplex except you own each half of it. Um, and then there's 82 single family homes. How that compares interestingly to what was master planned in 2018. There was we actually ended up with a higher density than we had originally anticipated. A big chunk of that is in multif family. And for those of us uh that were involved at the time, you might remember that multifamily was really discouraged at the time because uh there was so much multif family happening on Seltis Way that we wanted to see put a development together that minimize multifamily. The challenge in RFP1 was the desire to generate revenue. And so when these two proposals came in, they were pretty good proposals um and they were multif family. there was commercial vision that we had up here, but the multif family carried the day because they had a higher offer price uh for the dirt. And so that was one of the things back to council member Wood's uh discussion about when are we going to get the revenue back and um she was involved in the RFPs from the beginning and and that was a message that uh we heard particularly from Troy Thymson at the time and those of us involved in the RFP committee that was Troy's vote at all times highest residual land value. Um so a little bit of statistics there. one question because I know that there w were um originally we had planned more commercial. Yep. Can you kind of talk a little bit to that difference?

Sure. Yep. Uh Commissioner Rettz is correct. There was commercial that was planned up in here. We actually received a proposal on it, but it was you know 50% of what the multif family was. We also had commercial planned here, a corner of it up in here. And you can see these red pieces down here which are the actual commercial. There's also a little piece of commercial there, the DOMA. But so this is this is not the current plan. This is what was proposed. This is the this is the current plan. This is Yeah, it is the the one you guys have not seen before. U is this piece here. Um the the Atlas phase three is the piece you have, right?

Yes. The Mount Heat. Yep. Hey, Phil, just to tag on to one of your statements, the reason why we wanted the highest dollar amount for the dirt is pretty critical because sometimes people look at this as uh there's a lot of expensive homes here, but that waterfront piece that was a $9 million expense to the city, I think at least as much to uh ignite and we had to be able to pay for it and protect that for future use for, you know, generations. So that it's public land, but we couldn't pay for it unless we charge the highest amount for the dirt. When I say we, I mean you.

And you you've given me the perfect segue. That was a key element when the site was being master planned is the the steering committee, and I'll show you who that steering committee consisted of here in the and the public in general said, "We really want to preserve the waterfront." And that was a primary objective in addition to stimulating private development. A lot of us forget and I had forgotten that this site s sat vacant for like 11 years and and so council member Wood is correct that that was one of the primary objectives was to be able to fund uh redevelopment of the site. Um the real estate market also a refresher in 2017 was radically different than it is today. And so when we think back at at that time a lot of us me in particular and and our consultants because we were ringing our hands when we were working on the financial feasibility analysis. Um and a couple of other we've talked about this challenge do the the purchase price was very high. It was 7.85 million. These uh this element right here, the soil conditions, not contaminated but unconsolidated, uncompacted soils and topography are one of the things that held up private development for that uh time period because it was just so expensive. So much upfront cost um and a difficult carry. And then used to be where the log chain was. And the lo the stuff in the foreground is John and Anne Butler's the stuff in the foreground is John and Anne Butler's uh project here. These are single family. These are twin homes. Peppermox project up here. Um, a lot of local developers, builders are involved with the project. This is Toll Brothers, which they're a nationwide company. This is another part of the project that's John and Anne Butler's here. These are twin homes. And there's a little triple right there. Dennis Cunningham's project here, Active West, which is a positive thing as well to

reflect on is is the the developers other than Toll Brothers and the Chaseis were all local and and that uh that was a I should maybe it's a marketing thing. We really communicated with local developers, help them get uh spun up and educated to try to keep the money local to the extent we could. Couple more pictures. Oops. And then this is our our, as Council Member Wood pointed out, the wonderful waterfront park. This was taken in January. Notice there's no snow on the ground. Uh, but see how low the water is, which gives you a good good shot of the waterfront accesses. Um, here, the parking lot, the the picnic area here, and the in the playground. This is obviously a summer picture when you can see the summer pool is up. Accessible uh launch here. If you have mobility issues, you can get into the water here. It's a protected swim area. We were able to restore the log booms. Uh, which is a unique thing to be able to do with the Idaho Department of Lands, but because it was an old mill site and it had log booms, we were able to do that, which is a really neat feature because you can be in here and be in a protected swim area. And then this is looking to the east and you can see um the the trail here, the waterfront trail, picnic areas, and then the wonderful dog park, which is also an accessible dog park. If you're in a wheelchair, you can get down to the water with your dog. I'm going to get a little bit into the um the development part of it. Um I mentioned the the big history part here. Uh in 2005, the mill closed after 100 years or so. This is that period of time when it just sat there and vacant. And I think certainly uh city folks, Hillary Patterson, Mike Ridley, if you were here, would talk about the number of private developers that came in trying to get the site, make the site work. The council members might remember that the city acquired the railroad corridor through there. So, it bisected the site,

which which created some issues with developers, but also just the condition of the site created issues. 2018, you acquired the site, reassembled everything. there was this remediation uh process that we went through the earth work and then the waterfront park and the RFPs that have brought it to this point and now the um Ignite's looking at attainable housing project on the phase three and I'll talk about that in a little bit. This is a detailed timeline that I won't um I won't bore you with too much except some high points. This was a a real critical point in time right here. September 12th and 13th. Ignite and the city had been looking at master planning the site, doing due diligence. I shouldn't say master planning, they were doing due diligence on it. And Ignite got to September 12th, had a board meeting, and Phil Kushland, who many of you may know, Kushland Associates, he's a well-known urban renewal adviser in the state of Idaho. He was assisting them, and he he told the board, "Look, this is just too dicey at this point. We recommend you get more time um with the due diligence." Well, the city had a PSA, a purchase and sale agreement, a PSA with the seller, and the time was running out, and the city had to make this decision right here on the 13th. And so at that point, they voted to purchase it. Um, and so there the site was, the city then turned and looked at Ignite and said, you know, gosh, we still want you to continue, keep moving forward, which Ignite did. Um, continued with master planning the site, got an approved master plan internally. I don't I don't want to say outside approvals but internal approvals and move forward with that. There was an update as the market was changing.

Um we continued to to update the plan. Um and then whoops had some city uh council meeting here with a triangle parcel acquisition. And if many of you might remember that um it was a challenging negotiation. Danielle was probably involved with that. Mike Ridley was. I probably lost quite a bit of hair over that deal with the adjoining property owner um where the city swapped the triangle piece um with for some railroad rightway where River's Edge currently is. Fortunately, you're getting that waterfront access. Um and then about this time the real estate market had been really strong and the revenues were such that uh there was some idea of maybe we should think about moving Mount Hood instead of just keeping it a a non-tax uh generating entity. And so that uh idea started about that time. Um we had a meeting with the city council about it. um continued to move forward with um looking at some attainable housing options here in 22 and um then um had a workshop last year or two years ago in 24. So there's been a partnership that the city has had with Ignite and here's some of the folks in the different committees that have been involved. Um but it's been at least in my experience a really positive thing working with both the city and Ignite to the benefit of the public because development doesn't always do that and I think the waterfront park is a key indicator of what's happened here is a is a positive thing. Master plan part of it this again is just a little bit of history. Um wisely when the city acquired this project the property they said gosh we want the community involved. Ignite wanted the community involved. So, we did this massive community engagement, not just talking about the park space, but it was

also talking about the the public space. And part of that was strategic to say to the public, look, we want to take out this 12 acres and put it in the waterfront. But in order to do that, we're going to have to get pretty darn dense in cramming houses in there in order to create this waterfront park. And we actually pulled people on that. And the response was surprising. They were willing to accept higher density in order to have that waterfront park, which they also had a say in looking at the different amenities. What kind of things do you want there? Overwhelmingly, spaces uh like we have in other city parks. We want it natural and we want access to the water, not just beaches, but other ways to get to the water. Um and they wanted a dog park right there. Um and they got the dog park. This is just a couple of slides I threw in here to show this is the early version. This might be what Mayor Gan you're thinking about here u where up on Mount Hink it was just we were trying to figure out what to do with it and at the time it was recreational space. You can see there's quite a bit of um single family here. Here's the commercial in red that I was referring to. uh this one uh the the pond here next to the river that obviously went away because of environmental cost consequences but it was a great vision. And then this is another uh this was the updated master plan and you can see we were able to push a little bit into Mount Hink here uh because we thought there was an opportunity um that there were structural soils in that area. Any questions before I move into land disposition about master planning? Okay, moving on. uh the land disposition process. The reason I wanted to and Scott had asked me to talk about this um is because it is unique to URAS or urban renewal agencies um that the way that a land disposition works is you put out an RFP, you create scoring criteria which can include price, but you don't always

have to take the highest price. Um and so to date, we put out 11 RFPs uh as I mentioned earlier for local developers. Here was our our our team that did the evaluations. Three city, three ignite and very objective analysis. This is the scoring matrix example where each member of the team goes through and scores these independently. So not together, they score them independently. Then we get together and talk through the scoring. Price is one of the components and it's it's a equation. So you don't get to debate price. You're either high or you're low. So, this person got 75 points, so they're the high person. This person was the low low um lower score on that. But one of the things that's interesting, if you were a developer, a private developer, you would probably say, "I just want this. Just give me my money and I'm out the door." As a taxing entity, you have a tax increment to think about. So we do these other elaborate calculations um that consider how fast the developer will move in building product and the value of the product that that developer will build because sometimes the tiff makes a meaningful difference. And so there's all these detailed financial analysis that go into the decision-m process.

You don't really want us to read all that.

No, no, no, no, no, no, sir. Yeah. I just I was just showing you the the content. If you'd like me to send it to you for afternoon reading, I certain certainly can do that. I think it's just uh I think Scott just wanted me to make sure that I was explaining the level of effort that goes into and that the that the committee put into this and um council member Wood who who had to leave um was was part of that as as well as um go ahead Brandon. I should say, do you want to make any comments on some of the challenges with the intended commercial areas and getting bids for those, getting competitive bids for that? Because I think that kind of plays into a little bit of the financial analysis as well as just the the intent for the land use.

Yeah, that was my point too because I think it and it kind of altered how the vision of the project kind of went to you.

It it really did. And and one of the challenges just just broadly speaking, commercial office is soft. If if any of you are in that space, that is a soft space. Retail is soft and and so it's difficult to get meaningful residual land value out of that uh sale prices. Um and then on top of it, it's tough for commercial to preede rooftops. And uh the rooftops in these two early ones which we had hoped might be commercial weren't here. Now there's rooftops. DOMA was uh a contingent on these was one of the requirements for this person to be able to build multif family here. They were required to create a commercial space there. I shouldn't say they were required to have DOMA. They were required to have a commercial space. The same thing down here in area 13. They're required to have a commercial space because we know ultimately that will be a desirable use in this neighborhood and will bring people to ride their bike here, pull up, have a beer, eat dinner, whichever. Same thing, come here and have a coffee. So, I don't know, Commissioner Mets and Mandela, if I'm hitting your your points. You might have

the market wasn't really allowing it. The the developers were saying can't can't do it. They're confident in being able to fill it and it was on the heels of CO. So the rebound for office space was questionable, but I think just even the retail. So we tried several times and just did not get back um compelling offers. We've uh we've done some modifications to area 13 with a right away and and making it go off a little bit more into the park. What is the status of that right now? Is it is it still working toward a development or

Daniel? Do you know the the deadline the I can't remember the the milestones off the top of my head. I want to say they have to be under construction this fall. Mayor, so they're their buildings have to be under con construction this fall. Okay. So it's it's still going forward. Yep. Yep. And just a just a quick thing on that on once the property is sold to a developer there's a schedule through a design development agree disposition and development agreement that they have to agree to uh certain milestones. I I don't know how far we want to get into this but when a developer misses a milestone Ignite recaptures the tax increment that they would have paid had they satisfied their milestones.

There's a stick. Yes, there is a stick and and Daniel's deployed it. Maybe I should say the board has deployed it. Daniel wrote it and the board deployed it. Um Well, I hope that moves forward.

Yes, it it's uh as far as we can tell, it's continuing to move forward. Um I'm going to Can I move on Atlas V3 unless there's any other questions? Okay, I'm going to get into Atlas phase three. Uh again, some of you have seen this picture before. Seltis Way is on the left here. The down here is the park. This is uh what the site used to look like. The short story here is um what we understand from history is this was a a rock pit that was mined in order to help build the interstate. And so the mill was still here. It was operating. So with a gigantic hole in the ground, what better use of that than to fill it with bark and soil. So they did that. Um but it was it was a logard then. So it was a relatively flat site. When Marshall Chzron acquired the site, there was a bunch of unsuitable material down here. So, um, in kind of maybe short-sighted deal, they mined the material from here to get structural waterfront so they could turn that into housing, blocking off the community in general, and they piled all that unsuitable material here. And so, that's how Mount Hank came to be. Uh, mayor, go ahead. deepest point of Mount H.

It was about uh here is we're probably 15 feet above the deepest point in this picture. So there was it was about 40 ft below the trail when we were this when we were mining. This is as we're filling it back up. Uh Mayor Whitmire um who was deeply involved with the project um because he was the mayor one he was also on the Ignite board. Um, so he was very involved with the project. And he he calls me one day and he's driving down Ramsey Road and he says, "Phil, I'm looking over this gigantic ITD pit. Why can't we take and move Mount Hink from here into that pit?" And I said, "Well, mayor, you certainly could do that, but one, you'd have to get ITD's permission, and two, you need to have a fair amount of money to do that." And he said, "Well, we'll we'll move forward down that path. you just go get ITD's permission like it's no big deal to get ITD to allow you to do something. But he had a second play vision for this site and to get your bearings. Here's the Croc Center. This is Ramsey Road. Um golf courses right here and there's the big pit. Um and so the idea was to fill that in to create perhaps an opportunity for some sports field and additional parking for the Croc Center and the sports field. So, as you can imagine, the baseball field was the most important thing. Um, and then there's a multi-use deal here. So, this was a potential vision um that we had developed if we were able to successfully fill the site, but that's a that's another story to be told. But that is how the the Mount Hink went from being a hole in the ground to this, which what you see here is primarily struct this is all structural soils except this piece right here where we had nowhere to take it. um we exhausted all of our locations. We didn't want to pay to haul it off. And Hillary Patterson had had planted a seed early in the project design about gosh, it

would be really neat if we could figure out how to do a cottage court home somewhere. And I had had that in the back of my mind. And so, well, if this is going to be unsuitable, non-buildable, maybe we should turn it into a park and make it a cottage court. And so that's how this little park came to be. partly out of necessity, partly out of a great way to create a a neat livable space here. So, this is what the current concept is for the site. There's a mixture of product type here. These are town homes because they're cost effective. These are twin homes, more town homes here, single family and a cottage, which are a smaller styled home fronting a green area in this area. one public road through here and then the rest of these are are tracks that they would be privately maintained and then this park area here where these units would sit on. I'm going to show you some renderings of this. Don't think that they're real because they really look real. So this is a

Yeah. So you can see here's what that might look like to for orientation. in Silway. Um, Hartwood here, John Butler's products there. And you can see the Riverstone Apartments in the background. This is it. This is Council Member Miller's favorite shot of it, the wintertime shot, which it does look Yeah, everybody's there. That's right. The lights are on. Yeah. Yeah, the lights are on. This is a close-in shot of it. You can see the park area there. um the town homes, cottage homes, single family homes there.

So it's that the uh so on the on the right there. So that's like an alley between them. Th this is a private alley here. So these are rear loaded homes. Okay.

Yep. And this is the public street and another alley over here. This is this site's a challenge for a whole bunch of reasons that I won't bore you with unless you really want me to. uh but they have to do with topography and just the things layout and whatnot. But this was the we did a number of configurations on it. And this was the the layout that the the committee finally landed on. Here's a couple of uh renderings of the the park space. Another one at night, the one in winter, which our our team member pointed out that the parents are in coats and the kids are not in coats. Realistic. Exactly. Pretty typical.

That's accurate. So, a little bit about attainable housing. Again, Will and Scott wanted me to just address this that it that this just didn't happen overnight. The board started thinking about it in 2022. U we talked with the city council about it in 24. Uh the board continued to talk about it. Uh when uh council member member council member Miller became commissioner Miller, um there was an additional uh set of brain power, I'll say, and knowledge base that that came on. And at that point, the Ignite board said, "We really want to dig into this because if we're going to make this kind of decision, we want to be smart about it. Um, we want to go out and talk to people. We want to engage stakeholders. We want to talk about potential builders, potential nonprofits who might uh work on the perpetual affordability. In particular, we want to talk to our neighbors because we don't want to do anything in phase three that would um diminish what our neighbors have done. John Butler, uh, Peppermock that what they've built there, Dennis Cunningham. So, we interviewed all of those guys, showed them these scenarios. Uh, we also want to study community demand. Um, and so this is the committee that that has worked on this um up to this point. Um, Hillary obviously adds continuity. Commissioner, Council Member Miller has a bunch of um uh housing expertise and both Commissioner Jester and Meyer have development and architectural expertise that they've brought to bear on the project.

Wasn't Troy Townson also on the committee? Troy was, but you're right. Thank you, Danielle. Troy was on the committee. I guess I forgot him already. Don't tell Troy I said that because I know he's unforgettable. recording nasty phone call from him.

Um, just without get getting too uh deep into it, unless we want to, the the the board really wanted to boil down, what are we trying to accomplish here? And and one of the things that has come out of it is that the understanding that housing um and job creation are linked and and we can discuss that if you want. We also know that there's a market demand for attainable housing. We also know that there's a unique opportunity here because how rare is it for a a public entity to have 9 acres that they can potentially put into attainable housing. The board is also acutely aware that they've got a very nice neighborhood and they don't want to do anything to negatively impact that very nice neighborhood. And so understanding that it has to be welldesigned, it's going to add value to the the neighborhood, the community at at large. Um, and then also continuing on with the partnership with the city, which is hence why there's members of the the council and the city staff that are in in the middle of this.

I have a question. Yes, sir. Is there anything on our end from like zoning or a PUB that would allow better or more effective use of that that that that we could be involved in? Um, for about 9 acres. So you mean like a a different type of land use or is there any is there is there any need for any changes that could create more value in obtaining that attainable housing

in either zoning or a PUD the the what the PUD would uh so there's currently a PUD over it. We may go back in for another PUD amendment for a deviation from things like uh setbacks and things like that. We think that this particular plan that the board just reviewed on last Thursday um fits within the existing PUD. If for some reason there was a setback or a lot coverage issue or those type of things, we would come back to the planning and zoning commission because density is what drives affordability, right? The more units we can put inside that 9 acres in theory, the lower the price point. Is that what you're getting at? Right. Exactly.

Yeah. Yep. So we we do have a PUD currently. We think this fits within completely in the PUD, but we have to go back and do some of the more analytical work. I'll say measurement of setbacks and whatnot. This is a conceptual one. It's it's dimensionally accurate, but there's still a bunch of details to get through. Yeah, that's a good that's a good question. Okay. Um, a lot of this stuff and and again I'm picking on Council Member Miller because I know she has this stuff off the top of her head, but there's so much of this stuff that we've heard before like the the the housing unit prices in that time period grew 180%. You can see how the housing prices goes up, population is going up, all that puts demand on it. Um, employers are having a hard time recruiting and retaining the workforce. I'll speak for myself when I'm uh hiring young engineers who get paid pretty darn well in this day and age because they're hard to find. One of the things I hear them say is, "Gosh, this is really cool. Coral's an awesome place to live, but I can live in Spokane, make the same amount of money, and it's cheaper for me to buy a home there, or I'm going to have to live in Rather and commute into work. Is that okay?" Um, those are discussions I have with folks that I'm hiring. Uh, we heard those same thing same things from employers. we were out talking to uh as part of this study. So, we know that housing impacts the economy. Um we also know that there's still a booming economy here because you can see the growth that the the the economy has been uh experiencing. But this is the one that just really has struck me is that the wages have gone up by 63% but the the housing has gone up 181%. And when you boil it down, in 2014, you know, it took 23% of your income. Now it takes

41% of your income. And I think the bankers will tell you, don't use more than 30% of your income for housing. And again, Kiki has this stuff inside and out, but these are all the things that the board was using as input to make sure that they were making a good decision um on considering putting attainable housing in this site. This is another one that just fascinated me. Um, it's about the job in in migration and out migration. Um, and the reason it just strikes me is because we feel it every day as we lived here. Yes, the the uh traffic is getting worse. Congestion is getting worse despite Todd and Chris's best efforts. The the signal timing has been a wonderful thing, by the way. Uh, but there's still congestion that's occurring in in our community and some of that is just the migration. And there's only 8,000 people in this study that live in Celane and work in Celane. 11,000 of them are getting in their car and driving out which creates congestion. 17,000 are coming from their home and driving in which creates congestion. That's part of the workforce that is doing I mean my employees themselves are commuting in from raft to to come to work in my office in downtown Celane and attainable housing would hopefully mitigate that. It's a small step in that direction. The demographic that we're aiming for um this is a discussion I've had a number of times with former mayor Whitmire uh because he and I talk about this a fair amount. Um, this is the group that that Atlas is really attempting to target was this this kind of middle income group here. And you can see that, you know, there the teachers, the radiologist, technician, the nurse, and the firefighter. Um, those are the folks that we hope to target. And these are the product types here that I described to you earlier that we believe can be

accomplished um in the in the neighborhood here. And so that is the summary and I'm before I turn it over to back over to Will I'm glad to take any questions or

I just wanted to interject if you don't mind. I feel uh great presentation on on the attainable housing piece. I feel badly that um Council Member Wood and Gabriel are not here because I know that they've had questions and voiced concerns and really wanted to learn about that. It's my understanding that there is going to be a separate piece that will be available on just the Atlas attainable housing project that will incorporate a bunch of these slides as well as other information. Can you talk about that a little bit?

Absolutely. Yes. Um and so I alluded to it earlier. One of the things we've been doing is as I'm kind of talking about building up this fact pattern, the design, the the data for the board to make a good decision. The board just looked at this last Thursday and uh it was a workshop, so we we got the general nod of their head out of the workshop folks that were there. We'll now boil it down into a board action item that says here's the master plan. Um, here's the the the metrics that I'm sorry to flip through these. Here's the metrics that support this type of decision-m. Here's the financial impact of that decision making. Is there an action item that's coming out of it? And then that information will eventually end up on the board's uh website, perhaps its own separate website. Um, there'll be a communication strategy that we intend to go out and communicate with key uh stakeholders, certainly talking about to the builder community. Uh there'll be a process, an RFP process to select a builder or builders and a long-term affordability manager, I'll call it. Um so there's quite an effort to follow this one once there's some formal board action on it.

You can go ahead and ask a question. Um I just want to follow up and say thank you to the ad hoc committee. So for council's um information um they have spent how many hours?

Hundreds. hundreds of hours working on this and meeting with individuals and determine determining the feasibility of it and um I just want to say thank you because it's a lot of really strong solid work behind the scenes to get us to this point. It it it has been and I I second that because we host a lot of those meetings and develop content for it and uh I wish Commissioner Meyer was here as well because he's always uh um Chris has got a great mind and he's always very challenging when you're presenting data and making sure that you're kind of looking at all sides of the of the the thought and and the issue that you're considering. But there's there's been a lot of great effort that went into it. This was a big part of it too is just polling some of the larger uh property owners out there.

Can you talk about the homeowners associations?

Good. Another good point. One of the things that that the ad hoc committee was worried about is maintaining the the quality of the neighborhood. Um and so in order to address that, we've we're developing again considering board action. will finalize new architectural standards and a more robust HOA and that has very strong enforcement because as you guys know when you get this kind of density sometimes this high density creates HOA style issues that require enforcement. Um and the architectural part of it is really key. our our previous architectural standards for the rest of the neighborhood were were purposely lighthanded because the board wanted the free market to speak. They didn't want Phil and his architectural consultants to speak. Um, and so that's, you know, we let the free market reign a little bit there and not being super dictatorial about the architectural requirements. here will probably be a little bit more dictatorial about the architectural requirements to make sure we don't experience a downgrade from the surrounding neighborhood if that makes sense. So, my apologies for not being able to make that meeting, but uh have you guys discussed the fact that with HOAs and attainable housing, how that might kind of contradict each other because it seems like attainable housing should kind of be more affordable obviously, but with HOAs and the rising costs, we sit on the HOA for Atlas right now. Yep.

And they keep on raising costs. So, how how does that look?

That that is part of the challenge that we've talked about. We haven't quantified it yet um simply because uh we haven't had a final design to think about but that's one of the the topics that kind of getting into some of the details. Even Peppermock pointed out he says gosh Phil I love your park here. Who has to pay to maintain that because it's a private park and we said well if it's available to everyone in the in the uh Atlas waterfront development everyone should be paying for it. and he said that's maybe feasible but certainly this development couldn't pay for just that park. So I we hear what you're saying Commissioner Mets and it is one of the the thoughts plus the snow plowing on private alleys. That's another cost that gets incurred. All those things get stacked up and and part of the consideration if you're looking at the the total monthly burden on for attainable housing and you can't just look at the mortgage. That's your right. Yes. So yes, it's a consideration. Okay, I'm sorry. I did have one more slide. I want to get to the money part, which is this one. This is a summary. Um, and it's uh land sales, which this is closed sales and a little bit of projected uh land sales in both phase 3 and area 5A. Um, this is the estimated tax increment over the life of the two districts that are still open. And then here's the breakdown of expenses, uh the the park, the infrastructure, the Atlas to River district loan repay, city reimbursement, URD operating costs. And so the net at district closed if the districts lived to the end. Um that would that's the estimated net there. This comes out of the financial model that we um were on version 57 of because we continually update it. Um, and back to I think the the question the mayor sent me um earlier today about um seeing the cash flow projection, we can extract

a piece out of the financial model and provide that to you, mayor. Well, that was a question Christy had, which was the refund of the uh she believes there's a performer or something that says there's a schedule that you're going to pay the city. Yeah, there I don't I don't think there's an agreement, but we have this example that shows when they can be paid off the annual. Yeah. And so I think that was her confusion was it was when they could be paid off and she seemed to think those were actual due dates. I see. Yeah. Yeah. So but this is and this is projection. So this is you know 2038 when a lot of us will be dead. This is when the district is going to close and uh and what the uh the final financials not the current financial. Correct. Correct. It's projections and

and that is not indicating that the reimbursement would be in 2038. Right. Yep. the Yep. Okay. Okay. Any questions for me? Very good. Thank you. Thanks, Phil. We have a couple of more items on Oh, you're going to finish up. Go ahead. Finish up. Sorry. Ahead.

I just want to thank everybody again and I look forward to working closely with all of you. Um, obviously I'm I'm passionate about urban renewal and I want to find a way to make sure that it's a good partnership with the city as well. Um, we can't do this in a vacuum. Um, and I think at the end of the day, we're just trying to increase the tax revenues for the for the districts. Um, so unless there's any other questions, it's all

Yeah. Is any questions for Will or Phil or anything else so far? Okay. And now, uh, Katie's going to go over some of the financials for the city. Questions were asked about closing districts and what the benefit would be to the city or what the implication will be. And now Katie is going to go over those numbers. This is some of the stuff that you guys don't have. Apologize for that. All right, just bear with me here. I'm going to pull up um these were included in the packet and um we have questions every budget season about um what the financial impact to the city would be if we were to close a urban renewal district. I know that um sometimes that's been looked to um the benefit from closing an urban renewal district has been looked to when budget constraints are exist. And so I ran some scenarios if we were to close any of these districts today. And so um clearly it's not a recommendation or anything like that. It's just for the information of council. So, there are two ways that the city would earn revenue when a urban renewal district closes or um you know expires and um closes. And so the first way would be through ongoing additional property taxes and that would originate from the increment value folding into uh the the city's taxable um taxable properties. And the increment at this point for the health

corridor district would result in an additional 250,000 or 257,000 and um that's ongoing. So we that's it's quite a small increment and that sort of lines up with the information that was shared that it is non-t taxable um non or the property there is health's property and it's not subject to property taxes. So a small small increase is being calculated there. Of course these are all estimates and they're based off of some information that we have. we don't have the most up-to-date numbers from the county that comes out later in the year as we start working on our uh levy information. So, another way that the city would receive money is from the liquid assets that the urban renewal has in that district. And so of course any debts would have to be um satisfied and if you look at the health quarter district be about 1.3 million and um in liquid assets as of the the uh audit for Ignite and 42% of that is what would belong to the city. So onetime payout of um just over half a million dollars when we're looking at the health corridor district.

Does that answer your question? Dan wanted to know about what would happen if we close that district.

Okay. And moving along to the Atlas district. Now this one is very concerning for me if we are to look at it as of closing today because there are some moving pieces here. So, uh, as far as the increment, what we would earn for new taxable or new property tax revenues in an ongoing, um, way is 181,000. And so, uh, not a lot of increment involved there. If we were looking at the estimates that were presented, I think that there would be quite a bit more we would expect if we saw this district to the end. liquid assets 5.85 million and that largely is borrowed funds from the river district. So this district cannot close until that is paid back. Um the river district also cannot close until this debt is paid back to the river district. So not a lot of uh cash on hand there. So very small payout to the city. The other part of it is the loan that was made from the wastewater district. The funds were sent to Ignite in order to purchase property, but there's no legal debt to Ignite or to this Atlas district. And so if we were to close, um, we would just barely have a little bit to whittle down that debt and the city would owe 5.72 million to our wastewater fund. So that's important to note that when we close this district, we also need to look at any existing debt that's left over. When we go to the river district, a couple of things that make this unique.

First of all, the ongoing revenue from the increment that we'd be looking at is at 836,000. And so that um would add to our ongoing property taxes each year even after the um 80% uh limitation for the increment amount. So, um, that's looking like some good revenue on the horizon. When we look at the liquid assets, so we have 4.325 in either cash or accounts receivable due within um, due earlier, but the long-term uh, debt or I'm sorry, excuse me, the long-term accounts receivable is that loan that River made to the Atlas district. And so that needs to be repaid upon closure of the river district. So that would be considered something that would be part of the liquid assets if you know um when that loan is repaid. The owner participation agreement that will detailed that right now if the district were to close would be 3.46 million. And there is also that u those loans that are due in um that district. So we'd be looking at 2.3 million as a one-time payout. Now, when we talk about if we were to close this district today, we also would probably want to look at what we would receive if we were to close the district um when the obligations are are excuse me when uh if we want to close the district at the time when the obligations end. So, same figures over here. We're talking about closing today over here.

And then if we look at if we were to wait until August 1st of 2028, uh this is a extremely uh conservative estimate as far as the increment. I just increased it 10%. I would expect it to increase more than that, but I didn't want to speculate. So we'd be getting closer to that 1 million in ongoing revenue from the closure. I would expect that to be higher just based on the trends of what's going on in there and you know the um building is obviously going to add some some more increment and then we have the liquid assets. So if we at the time that we close this district that loan will be repaid and this is also conservative just taking the cash on hand plus the loan being repaid and not adding anything else. We would um they not be paying any sort of owner participation agreement at closure because the obligations that the agreement says that if we wait or we wait and close it until 81 of 2028 that whatever is remaining does not need to be repaid. So and then I think as far as the other debt I just assume that more uh increment revenue would have come in to to satisfy that. So, we're seeing quite a bit of a difference as far as the payout if we were to wait. And so, the way I look at this, too, is if we cashed out, took the money here, we'd be looking at if you know, we invested it in a CD at current conditions, that'd be about $160ome,000. And so, the difference here is, you know, we're talking about $1.6 million more. So, as far as the city's finances and how these pay potential payouts integrate with that, I would say that,

you know, waiting for the additional revenue would be most prudent because we've been running a deficit and paying back some of that deficit or potentially taking care of some capital projects would be beneficial. And then um you know when it comes down to this ongoing revenue that can come in to help with the ongoing deficit for the city. Any questions?

I would just add to that too that um you know the 42% that you see there that's the city's percentage of the the revenue that is going to be left over from the district. But what we have done in the past like when we closed the lake district rather than you guys doing capital projects from 42% we partnered with you to enable you to do capital projects within the district and then you get the benefit of the whole 100%. So to the extent that there's work that needs to be done from a capital perspective in the river district prior to the closing that's a partnership that we could you know join together and get those projects done and put all of those revenues. So then you're not, you know, then you're doubling that number at least as available funds that are can be reinvested in the city and take care of of, you know, items that need to be done um in advance. Like I know that the boat house for the fire was done that way. The lacrosse intersection was done that way. There's there's multiple projects.

There's about 10 I think I think there about there were about 10 projects that were completed because of that. We have a current list of projects that could qualify. Yeah. Um do we have one? We usually follow your direction. Yeah, we always get So the city hasn't given you any list of projects. Yeah. Yeah. This be for the river district, right? So, so last time it came. So I think Chris sent us a list of projects last time, right? For engineering projects, lacrosse and other it kind of came. So we we always have that direction from you guys.

Okay. Well, that would be something that uh I will go over with Ron then is to see what kind of list of projects. But the question for council right now regarding the impact to our budget Oh, Dan, did you want to say?

Well, just that I've got to leave it about five or 10 minutes, but um my impression up to this point is well, this certainly makes makes sense to to wait. It's not a whole long time, but it also as we have our different, you know, contracts with the associations and all that. It's nice to know that that's I mean that's a nice thing in the pipeline. It's not an iffy whatever kind of a thing. And again, those are conservative looks very good. I I guess I'm back to with that hospital district for for me. And if I had to make the call today, I would say, yeah, let's let's drop that one. The uh you know, the money, one-time money, it's not huge, but in but we've been sometimes scrambling, you know, scrambling for 25 50,000 and then, you know, that's a decent on ongoing and I just feel like um that one just I I mean, it's just kind of left as a you can tell. sour taste in my mouth the whole thing. And I think it'd be better to just be be fresh and then do what they're going to do. We do what we're going to do. And then there may be other um you know there might be other places that make some sense to still look at a different district or something. But anyway, and this isn't decision but I want to give my reaction. So

So to ask Ignite then uh what is the feasibility of closing the hospital district? How does that impact you? I think it's it's a a major loss of opportunity for the city and for Ignite because the the the Pilot program will pay every year more than that onetime payment.

If I may, I would just add to what Will said. I think we would be very shortsighted to close early. I think the district, you know, it's got off on a wonky start with CO 19 and change in leadership at the hospital, but I personally know Scott and Will and Chris have met with leadership numerous times and we're going in the right direction that could really add some substantial benefits to the community. This is not, you know, half a million is a significant amount of money, but not in the long run. And I think we would be very um short-sighted to close this district out. And remember the half million is onetime money.

The ongoing would be 257. But uh and and Ron will be meeting with the hospital director soon. So we could wait and see what he has to say with that and then uh and make a decision at that point in time. It's up to council really if you want to give direction. We're not in a relation. remember that they are operating under a uh under a contract or a plan that was approved by council. Council can modify the plan if they want to, right? But we want to make sure that we're all on board with that if that's a choice.

Well, I appreciate having this discussion and that uh I see at least our local media is here and maybe we'll it'll generate some public comments or something. So, but back to the other question on uh on these the financial stuff, it is Ron's recommendation as well as Katie's and mine to wait on some of this stuff even though we can get some money now and and it looks really good cuz it's ongoing and that won't really help our budget problem, but waiting is better. So, I want we we can't make a decision here, but next month when we do our financial uh presentation, if you want to have any input there, offer direction, that would be the time to do it.

Mr. And Kiki has a question. I always get on the wrongs later this discussion over there.

Um I just wanted to throw in that uh with the hospital district, it's always good to take a look at the numbers and answer questions and concerns about you know what what where should we we be going on this but I think Will put it very eloquently is that the cities would be walking away from a huge opportunity. I think with Coupney Health and one thing that hasn't been answered is what is the potential within that district with solving some of those traffic problems and being able to redevelop that that's a that is a large potential in an area that healthc care is going to do nothing but grow in this area. It's going to be more and more in demand. So I think shutting the door on an opportunity like that would be a big mistake. We do that the pilot uh fees are very important and if if they're not going to if that's not something that they want to do that will really impact our decision. Go ahead Scott.

I agree with all sides there but we just met with their leadership. I'm the new CEO down there a couple of weeks. Yeah there's some excuses. you have COVID and all new seauite and everything, but they have shown their desire to use urban renewal dollars as a tool to help increase jobs and they're doing a rolling out in the next 30 days the start of a whole new master plan for their Celane campus. Wow. So, waiting for a little bit I think would be prudent, but again, I agree. I don't think we should wait forever. they're not going to commit to doing something then there's I don't see any reason to keep the district close.

I think it would be advantageous to have Ignite and the city together with Coutney just to have those conversations so that everybody's on the same page. Let's see how the discussions go. Okay. Hopefully they're positive and we can something can come out of it. But otherwise, Dan English does make a very valid concern for the city and uh you know, money's tight and there's an opportunity there, then it's something we need to consider. Are there any other uh questions or comments before uh before we break off?

Daniel, I don't know if you can clarify this for us, but I I believe that if that district were to be closed, it can't be reopened. I mean the the law's not crystal clear on that. I I wouldn't be able to be reopened on the same footprint, right? Because postfalls did that and there you can cover some area again, but you wouldn't be able to recreate the exact there were several options presented when the hospital approached us regarding an urban rural district. There's still a business improvement district they could do. There's local improvement districts. There are other tools in the tool chest if something needs to be done. So that wouldn't necessarily shut the door on the opportunities for them to use public funds to improve their situation.

Okie dokie. Well, not a little tiny. With Troy's departure, then we would uh like to have you recommend a city person to be on the RFP review committee. Oh, yeah. and the Atlas and the Atlas ad hoc committee where that was Troy was both a city person. Okay. Um so Troy was the person there. You're not talking. We already have council represent. We have council on there. Yes. I would just throw Ranata in it right now without asking her. But no, I was just writing down Ron's name. What?

Let's ask when Ron's back from Boyisey. Let's let's ask him because he he is a short termer and I don't know what your time frame is. I wouldn't want to have to pull the same thing with you where we got someone there and then we got someone new. So, we'll probably maybe someone from planning. Does that sound good? Yeah. And then Hillary's Hillary's on it already. Hillary's on it already. Okay. There's no hurry for that. We'll we'll have a discussion, but I agree with you. Let's get someone on there. So, let's bring that up later. That was not Anything else? Anyone itching to say anything? Well, then you can go ahead and carry out your uh your motion then

to you may move to adjourn. Yes. For you guys. I'll make a move to adjourn the Ignite CDA board meeting. I'll second. All in favor? I I Same thing for us. Motion carries. Motion from Kiki. Second. Second from Amy. All those in favor? All right, is over. Thank you everyone.

Thank you. Heat. Heat. Heat. Heat.