Finance & Services Committee - Regular Meeting

It's time for this biweekly meeting of the finance and business committee of Denver City Council. Join us for the finance and business committee starting now.

Well, good morning. It is Tuesday, May 12. You've arrived at the Finance and Business Committee of Denver City Council. My name is Paul Cashman. I represent Denver District 6. I'm vice chair of this committee, and, we have three items on the agenda, real estate deal between the city and I believe the state, and a couple of items related to tax increment financing of the Ross sonian property in the 5 Points neighborhood. Before we get to work, we'll start with introductions of members of council starting on my left.

Chris Hines, Denver's perfect pet.

Darrell Watson, fine, District 9. Madam Pro Tem.

Diana, Romero Campbell Southeast, Denver District 4.

Vor Alvidrez, Vaqui District 7. Very

good. And we'll announce if anyone joins us online. And we will start off our schedule with our department of finance and Dottie, and take it away.

Thank you, council member. I'm Molly Scarborough with Dottie and the vibrant bond Program.

Lisa Lundley, director of real estate.

And Laya Mitchell, the acting deputy director of the Department of Housing and Disability.

Great. Thank you very much. Have a good one.

Excellent. Well, thank you for having us again. We were here on April 14 to bring to you the vibrant housing investment process as well as our fresh opportunity for investment at two fifty one East twelfth Avenue. We you gave us a number of feedback on that, and so we are here providing updates on both of these for you. So first, we'll start with the housing investment process for the vibrant bond program.

So this slide shows the project description for the affordable housing project development for the vibrant bond process that voters approved on November in November 2025. And so it says that the city will invest in land, buildings, and or site preparation to support development and or acquisition of affordable housing and to mitigate involuntary displacement. Land or buildings may be leased to partners or city owned depending on the specific details of the project, and the city expects to use this capital to leverage additional investments to deliver on these projects. And so we brought to you last time, we fur further elaborated that with some specific goals to mitigate displacement of residents by providing affordable housing in proximity to city infrastructure or other projects that may spur displacement. We are estimating that we would invest in five to seven properties, but that is an estimate based on expectations, but we could potentially spend a little bit less for each opportunity and spread that out to more properties or site improvements or building acquisitions.

So that's just a guesstimate target. We came to you last time with an initial housing investment project approval process. I'm not gonna go into this in great detail because you gave us quite a bit of feedback on that. And so we are coming you today with updated approval process. And so with this, we received feedback from this committee.

One, that we should ensure all council members are given the opportunity to feedback earlier in the process. And that we should continue the bond executive committee for the vibrant bond and use that body to evaluate the housing investment before bringing it to committee and to counsel for a vote. And we also heard an interest in involving not just the council president, but another council member in that vibrant bond executive committee for these housing opportunities. And so the recommendation is for the council president to appoint an at large council member for the that evaluation process. And so running through this approval process, it starts with real estate identifying opportunities through their usual scan of market opportunities as well as those coming through the host affordable housing pipeline.

We have also sent a survey to council members to identify if there are other opportunities in your districts that we that you would like to flag for us to see if they are feasible for bond funding and evaluation through this process. Excuse me. One moment. Feasible opportunities are then offered to all council members for feedback and then brought to the vibrant bond executive committee for evaluation and for potential referral to counsel. And as I mentioned, during the time that potential housing opportunities are brought to the vibrant bond executive committee, then council president will appoint an at large council member to join for that process and that evaluation prior to bringing it to council.

With that, part of the evaluation, this has not changed from last time that we presented to you, the project site selection criteria remains the same. So we are looking for sites that are in proximity to city infrastructure investments. No more than two vibrant bond affordable housing projects would be in one council districts. We're looking for sites that are at least a half acre in size and sites that are in proximity to services, ideally within a half mile of those that you see listed on the screen. And then similarly, the housing RFP criteria, if approved by council, an RFP would be issued for development of the affordable housing.

All those proposals are required to include development of long term affordable housing with a variety of options for development type to provide more flexibility based on the site, the location, the needs of the community. And so with that, we will jump into 251 East 12th Avenue specifically. Wanted to recap the process to bring this specific project opportunity to FinBiz today. So as we mentioned in April, we followed the initial vibrant housing investment approval process. We brought it to an internal advisory committee, which recommended the project to a vibrant oversight leadership team, which is made up of city executive directors to executive sponsors and the council president, and then it was forwarded here to Finbiz.

As I mentioned, at April 14, we received a number of recommendations for process changes and also some requests for some council members to receive more information on the project. And so since then, we have provided additional briefings with additional council members. We've issued a survey to council members to identify potential opportunities, and updated the overall process, as I described earlier. And we have a commitment to continuing the bond executive committee for the vibrant bond. So we are now bringing the opportunity at East 12th 12th back to you requesting approval for 251 East 12th acquisition with funding.

And I will turn it over to Lisa.

Thank you. So just kind of as a quick overview, is at 251 East 12th. The property is approximately just shy of an acre at 43,200 square feet. The building itself is over 91,000 square feet. Council District 10, zoning is CMX eight.

Seller is the state of Colorado. The purchase price is $4,500,000. And with that, this again supports the vibrant bond project to provide affordable housing and to address and mitigate involuntary displacement. We will either when we go out to RFP, we will either sell it or with a covenant on it, or we will lease it back for affordable housing. And, again, this is an area that is walkable transit transit friendly and zoned for high density, but has not seen new housing units since before 2020. And then, Maya, I'll turn this one to you.

Yeah. I did some analysis just of our affordable housing investments of the last five years. And so for District 10, there were four new affordable housing developments that were kind of funded and developed during that time period. And out of those four, only two of them received city funds. So there has not been a significant sort of proportional investment in District 10 in the last five year period.

And I did wanna highlight again the need for affordable housing investments coinciding with our large city infrastructure projects. There's a lot of research around the impact of those kind of city investments in driving displacement, And the timing of this one is is well timed for an investment in affordable housing coinciding with the BRT development and the additional amenities along Colfax. Thank you.

And so, again, we went through that sort of initial process. We are bringing this same slide forward in terms of what is recommended for the 4,500,000 in bond funds for the acquisition. We are bringing this forward again to ensure that we're not losing this immediate opportunity for affordable housing in close proximity proximity to these major investments, Colfax, BRT, Civic Center Park, 16th Street, some of the new DDDA investments, all of which can be drivers of displacement. It is located within a half mile of a number of services, and again, as Laya said, high demand for affordable rental units in District 10. And so with that, if you were to move this approval forward, we would take it to mayor council on May 19, city council on June 1, and then we would issue an RFP within ninety days of closing.

And again, that's the far end of that period and we hope to issue that much sooner and then construction determined on the RFP. So I went through that quickly because I know you have a lot lot on your agenda and we covered a lot of these items before, but that concludes our presentation.

Thank you for the presentation. Let me welcome first Councilwoman Lewis is online, and Council President Sandoval has joined us here at the table. And we have the beginning of the queue. We'll start with council member. I'll read this.

Thank you, chair. I appreciate this coming back and being able to ask about it. I'm curious who's the at large that will be appointed, or has that decision been made? No. Okay. Also, I one of my biggest concerns about this project is the financial viability of the structure. And so do we have studies on this and what the outcome could be? Because I seriously don't see adaptive reuse as a possibility. So I don't know if you can speak to that.

Yes. Thank you, councilwoman. What I will say is we, the city, have not undertaken those. We will allow the respondents of the RFP to do their investigation if they wanna look at adaptive reuse. We have run that through internally to see if it's even feasible, which we've heard that it could be. We know that what has been shared with me from the state is that they do have structural plans. They do have others that have looked at it, not necessarily for adaptive reuse of housing per se, but of some other other uses, including, you know, could they build up as well. So up to this point, what we have not heard anything that has given us any indications of any concerns about whether that's feasible or not.

I guess my concern is we don't know, and we're spending $4,500,000 of a very small amount of money that we have to invest in housing for something that we really don't know what we're gonna do with it, how it will work. And I'm just curious if the state wouldn't work on us on going through an RFP process before we actually purchase to see if there's a viable Sure. So I'd say two things. I would look at

it more that we're investing in the site of almost an acre of land in this area near Colfax that, as Elia had said, you know, has not had significance in the investment as we are, you know, going to be winding down the Colfax BRT project. So I look at it more as the land size more than anything. I think the state has been very clear they need to sell this building or they are required to try to close on this building before the end of the fiscal year. So the state has expressed that no, they would not be in a position to allow us to go through an RFP process and wait to see whether or not what kind of response responses we get back.

Another component I would just add from the host side is we'll be very heavily involved in the RFP and kind of what framing what we'd like to see on the site is we've discussed with real estate sort of framing, like, several pathways that applicants could propose, which would include both the adaptive reuse and kind of a scrape and rebuild model. And then we'll be able to look at the sort of breadth of possibilities that are brought to us and select the option that we think is delivers the best housing outcomes and is the most feasible. Mhmm.

I guess I just worry about just looking at this as land when the costs of demolition, environmental remediation, and other things are still out there in the ether. So what I don't hear in these criteria is the financial viability of the project or getting the most bang for our buck when we're spending these dollars. And I'm curious how that's factoring into how we're spending these dollars and making these decisions.

I would say it's part of the analysis initially when we are going through. And, councilwoman, part of our challenge is either finding existing buildings or just land alone for affordable housing. And that, again, I have to say, this is a unique opportunity given the size of it for the number of units that have the potential to be delivered.

And I would just say we have land that is cited for affordable housing around the city, whether it's Colorado Coalition for the Homeless owns land, whether it's city owned parcels like the Zunay Shelter that we are that we have land already to develop. And so it worries me that we're saying we don't have land when we actually do have land, but I'll move on. One of my other questions is, you know, you're saying that this is close to the 16th Street Mall. That's quite a stretch in my opinion. So what is the distance of the things that we're claiming are part of the reason why we're choosing this site?

Half mile of redevelopment sites.

So this is a half mile from the

16th Street. Yeah. So it's the It's really the Colfax BRT that I Well, think that was on driver. Side. Yeah. I think 16th Street is sort of more broad District 10 maybe, but I think this site is really more closely tied to the BRT on Coolfax.

The other thing that's been mentioned is a lack of affordable housing in the area. I know there's been a lot of new developments, and so how many new properties are in what are you considering this area? Is it the neighborhood? Is it that half mile? What is this area that is being referenced? For the four four developments over the

past five years, two of which had city funding, that's for District 10 specifically. And that I would I we could do analysis different ways and I'm I'm very happy to present that back to you or to the committee before it would go, like or at at full city council. And that is partly in response to the guiding principles about two developments per city council district and just understanding, you know, your need to look at it from the district perspective. So those four developments were from District 10. Okay.

And then for the criteria on slide six, it it names, you know, schools and childcare and grocery stores and I don't see the that information mapped out or shared like what are the schools near this site? What are the childcare centers near the site? What are the grocery stores near the site? So if we're saying that these are the criteria, you're not telling me how this is actually meeting all of these criteria. I understand it's near Colfax BRT, but I don't see the other information.

And I apologize. We did send ahead of the April meeting to council members a spreadsheet that identifies the different locations that were nearby, and so we can resend that to Yeah.

Great. That's all I have for the moment. Thank you, committee chair.

Thank you. Councilman Hunt.

Thank you, committee chair. The four items are the four housing developments in District 10. There's one in 13th And Sherman, which is just a couple blocks away. That's me. But there used to be a slide there that had the four items. So 13th And Sherman was a 100% affordable housing, and then there's a very small blip. I think that's probably 10th And Broadway.

That's right.

And just a that was just a little bit there we go. Slight assistance in funding Mhmm. To to help develop a locally owned local developer purchase a small apartment building. But other than that, the other two are they're still in District 10, so good good that they're on the the the map, but they aren't close to this location. And I would say not only is it close to Colfax BRT as in the 15, but it's also close to the 0. So if they want to go down to whatever's replacing UMS what's the name

of that?

Lucifer Fest.

The Lucifer Fest, if they want to do that.

Lucifer's first rodeo.

Okay. Then it's just a couple blocks to get to the zero and get down to the festival as well. And so I would say it's close to, you know, transit. But director Lumley, I think you were saying when we chatted, your initial hesitation hesitation was, was, oh, man. This this isn't really gonna check a bunch of the boxes about access to jobs, access to services. But then once you actually did the analysis, actually did check a bunch of the boxes. So would you kinda chat about that just a

little bit? Sure. I mean, jobs, I think we felt comfortable with. Right? I think we weren't sure at the time about childcare, which we definitely found childcare that was there. We knew that there was a school nearby. There's also food. So once we actually started doing the radius around it and then doing that research, which, again, for everybody, just know that that is what my team and I do and we do in conjunction, whether it's with Ditto, with Host, to make sure that we're capturing everything or not, as the case may be. We found that actually it did, councilman, have all of those key criteria right there within that half mile radius.

Did the state share that there was additional interest outside the city of Denver for this particular poll?

Yeah. I know that there has been interest. Yes.

Yeah. And and I would say I know at least one of those landowners who's based in District 10.

That's enough.

Yeah. Okay.

It's like Yeah. You're right.

How you exactly anyway, but they they were interested in the the property, but but it had already been the state had already entered into conversations with with the city. So it isn't because of lack of interest. Correct. Is it is there a public appraisal of this of this land? I do Of the property. Sorry. The land and improvements.

I have an appraisal. And again, you know, normally, diligence done is done actually after a contract. So I try to get those aligned more. I would say that I would not be ready to release it yet since we do not have an executed contract publicly. But yes, I do have one that this purchase price more than meets that appraised value.

Okay. That's and so I wanna repeat what I shared in the last committee. I think this is a a good purchase. It is within sight of of the state capital, and so if we were to adapt or reuse or or, you know, if someone we we engage with were to adaptive reuse or or build, there would be a very beautiful unimpeded view of the Gold Dome. But I think, you know, there are a bunch of state employees that probably could use this as well because it's right in the cap I mean, it's the former Colorado Department of Education building.

It is we're purchasing a building maybe purchasing a building that's in the Capital Complex and could benefit a lot of the state employees that work in that immediate area. So I think the reason why it's back here today was not necessarily because of the conversation about this particular property. It was about the overall strategy of spending this segment of the vibrant Deborah bonds. So so I'll I'll leave those questions to to other other members of the committee. Thank you, committee chair.

Thank you. Seeing no other members in the queue, can we go back, produced, to the the slide of the map? Yes. And my contribution to this discussion as a former editor is to point to the second bullet point and remind us all that I before e except after c is the grammar. Yeah. You can correct that for a future

last question.

One more question from council member Alveder. Thank

you for that committee chair. I'm glad that my slides are not up to me. My last question is just around displacement, and it's more uplifting your process as a whole. I think you I strongly encourage looking at nest neighborhoods, which are actually at risk of displacement, which I don't think that the Downtown Core is one of the main areas at risk of displacement since it has the highest vacancy rates. And so thinking about if displacement is part of the criteria, really making sure that you're looking at nest neighborhoods and neighborhoods that are actually at risk of displacement. That's all. Thank you. Thank you, mister chair.

Thank you. Alright. Well, with that, I need a motion to move, twenty six zero one two zero to the full council. K. Council member Hines, seconded by council member Watson. Any objections? I see thumbs up. Thank you very much. We'll see you the council.

Thank you.

And we'll call up, our our team from, I think, Dura, and I don't know if anyone else is going to be joining at the table. We will be looking at item 26 dash zero six three three, an ordinance proving that cooperation agreement between the city and county of Denver and Duro for the Rasonian project tax increment area and sales tax increment area, and 26 dash zero six three four, a met an amendment to the Welton Corridor urban redevelopment plan. And I want to welcome Will Pruter from Denver Urban Renewal Authority. Are you still interim, sir?

I'm still interim. Yes.

Interim executive director. Well, welcome.

Good morning. I am the executive director for DeHerb renewal authority. Thank you for seeing us today. And I have a lot of reading to do, I'll put my glasses on. Again, I'm Bill Pruter with the with Dura.

I'm here today bringing forward two ordinances which are include council bill zero six three four, which is the amendment to the Weldon Quarter urban urban redevelopment plan to add the Rossonium project to the area, the Irvinyl area, and a related ordinance which is a cooperation agreement with the city and Dura because we are looking to utilize tax increment financing to support this project. As most of you know, this corridor where this urban renewal area was created in 2012. The Rossonian sits you can see the little yellow part of the area. The area runs from Broadway to Downing along Welton, and we have added five previous projects to this area. It's got it's in Council District 9.

It's approximately 85 acres area, and the Rossonian is about eight tenths of an acre right at the where all the streets meet at 5 Points. So it's a pretty important project. Let's see. So the most recent I'm I'm going a little bit out of order, so I'm reading it wrong now. The most recent project opening was the Hattie McDaniel affordable for sale condo project, which opened in April with 62 affordable for sale condos and ground floor retail.

A little background is the Rossonian Hotel and how important it is for the city in general and just I kind of stole this from the developer's website. So they're here to answer more questions if we need them. And obviously, 1912, it was built. In the twenties and thirties, it was a the one place where black entertainers could stay because at the time, they couldn't stay downtown. And it really became a hub for the, you know, jazz entertainment.

So on their off nights, you you had Duke Ellington and Count Basie and Nat King Cole and Billy Holiday and a and a and a bunch of other people stay there. Really the hub of the area. It closed in 1973. It's between '73 and the nineties. It was used for some offices including, I think, DHA used it for a while.

And in 1995, it was listed on the National Register of Historic Places. In 2005, one of the first attempts to redevelop it, Carl Bourgeois acquired it, Didn't work out. Progress was stalled. We couldn't get it done. In 2016 and early eighteen, Palisade Partners acquired it to see if they could redevelop it.

They have worked on a couple other projects in the neighborhood, and we are now ten years later ish, and here we are. So they brought a new project, revitalized the hotel, hotel historic character, preservation, and modern updates, amenities, and so forth. And the hotel has been vacant since the nineties, which is a bummer. So I personally like to get something done. But that's not part of my presentation.

To give you a background on the project, it's located at 2650 Welton, and there's three of the three other parcels, 23 2535 Washington, 2624 Welton, and 202600 Welton. The development team is Rossoni and LLC. Palisades partner is part of that development team. They're here if we have questions. And we can go through what's going on.

The Rossigny, which you can see in the picture, is that's what it how it exists today. It's going to be really gutted and remade into a hotel. I haven't been inside, so I'm assuming there's office layout and all kinds of things that are gonna be need to be fixed. Then there's going to be a eight story office building or a hotel building built between the Rossonian and the Hooper, which is kind of on the right of the picture. And we they'll use a couple floors of the Hooper converting them from office to hotel.

And then you'll be able to enter in the lobby under any one of the three buildings as we go. So the final breakdown is about a 126 hotel rooms, 12,000 square feet of vent and restaurant space, 6,400 square feet of retail, and there'll be 25 spaces, I believe, in the Hooper building. So when this is done in, I hope, 2028, across our figures, this is what it should look like. I didn't pick any of the colors, so you have to talk to those guys. So as I said before, the urban redevelopment plan was put together in 2012.

It continues to be in compliance with the plans that were in place at that time. So Blueprint Denver comp plan 2000 and the Northeast Downtown neighborhood objectives, it's in compliance now, and this this project is also going to be in compliance. I highlighted a few that I think are even more relevant for this project. One is to encourage retail commercial development and that is socially and economically inclusive and from which urban redevelopment area and some irons can draw economic strength. To encourage the reuse of existing buildings where appropriate including historic preservation and adaptive reuse, to promote a diverse sustainable neighborhood economy including mixed use and commercial development opportunities along the urban redevelopment area, and to encourage the participation of existing property owners within the area in the redevelopment of their property.

As you may have seen from the planning board, this is also in compliance with comp plan 2,040, equitable, affordable, and inclusive. And that basically says ensures all Denver residents have a safe, convenient, affordable access to basic services and a variety of amenities, make neighborhoods accessible to people of all ages and abilities, and then strong and authentic neighborhoods which is preserve the authenticity of Denver's neighborhoods and celebrate our history, architecture, and culture, and enhance Denver's neighborhoods through high quality urban design. As to the tax increment, the project itself was underwritten by Dura to determine whether or not there was a need for assistance. We've done that underwriting and concluded the project does require assistance in order for it to be delivered as has contemplated. We are looking forward to create a TIF area for both sales and property tax increments to reimburse approximately $15,500,000 of eligible costs.

The anticipated eligible costs as of that that are listed up here, a large portion of those are related to the hotel reuse and and also include, well, obviously the historic building, making sure utilities are there, fire protection, HVAC, conveying site work and such and such for the project. The TIF area, I think think I I missed it. No, I didn't. So as part of this, there's a couple other agreements to follow that we have to have. There's a Dura City Cooperation Agreement.

This agreement under which the city and Dura agree to cooperate on the collection and remitting of the incremental taxes to Dura in order to the project. The tax increment area will have a life of maximum life of twenty five years unless it terminates early, which would happen if the financial obligations to the redeveloper is repaid in advance of those twenty five years. Dura also requires a number of our own programs to be applied to any project that we're providing tax increment to. The cooperation agreement acknowledges that DURA will be making redevelopment comply with these programs. There's several of these, the first source hiring program, our small business enterprise utilization program, the construction employment opportunities program, and the project art requirements, as well as prevailing wage, although in this project prevailing wage really won't apply because there's not big trunk infrastructure and so forth happening.

In addition to the city agreement, we've entered into agreements with other entities that levy a tax. In this project, that would include DPS and the urban drainage and flood control district. Both have said this project will have no effect on their ability to provide services. So we will be able to use their portion of the tax increment to support the project and those agreements are completed. Let's see, that's still there.

From a timing standpoint, we went to Denver Planning Board, they approved to move it on to this committee. The Dura Board met on April 16, approved their urban redevelopment plan amendment, the cooperation agreement with the city, the urban drainage and flood control district letter agreement, and the intergovernmental agreement with DPS. And that brings us to today, which is your committee, which I hope will move this forward. And then we would come back next week to City Council and

on

the eighteenth and the first if this moves ahead. So I have have time for questions, whatever you need. The redevelopment team's here if you have questions about the project in general. And my guru, Mike Gritton's here. He knows all the math.

Thank you very much for the presentation. I will welcome committee chair, councilwoman Svenant Gonzales Gutierrez. Thank you for joining us. And I do not have a queue for questions. Let me start with councilman Watson since it is your district, sir.

Thank you so much, committee vice chair. And, Bill, I I think Tracy will be very proud of you and your presentation. So thank you

so much for the good work that you're doing. I may have saved some of the late some of the format from her.

I think you've done a great job with this. My questions are specific to process. I know that our city process is such you need to take to go through committee and on the mayor's council and all of that. But can you speak to any of the community discussion process you've done within the 5 Points community community and help us have an understanding of how community members' input was.

Certainly. We met with the Curtis Park neighborhood group. We Mike might have to get up and tell me. We met with well, you were there, which I forgot what meeting that was. What was that meeting?

Yeah. I don't always ask questions that I don't know the answers to.

Yeah. That's right. If Mike wants to elaborate on I know that.

The community informed process would be very helpful. Hi. If community

vice chairman. It's Mike Curtin with the Denver Urban Renewal Authority. We met twice with the community in the the Walton Corridor area, once with a at a community meeting that councilman Watson put together and another time at the Curtis Park Neighbors Association. And both times, the project was received very well. We had questions about community benefits related to hiring hiring and who would work at the place, at hotel and restaurant areas.

We had some concerns or questions more about the RTD light rail tracks, whether or not that potential removal of those tracks would impact this project. And but overall, it was very well received by the public.

And I might add, I see I've seen a copy from Historic Denver and the Five points bid supporting this project. Very nice letters on top of that. And I don't I'm not sure if the development team has any more they've gotten that they'd like to share.

Hi. I'm Sarah White with Palisade Partners. I'm the project manager for the project. Just Mike and Bill covered most of it. We've also met individually with the bid and with Historic Denver. And we also expect to have a letter, I believe, from Curtis Park Neighbors by city council. So that's just the recent ones. As Bill highlighted, the project has been in some form of development for over a decade. And we've done various meetings early in the project to kind of share where the direction was going. So just to to reiterate, we've we've had a lot of really great support from the community, and we're excited to keep moving it forward.

I would say it would be helpful for San Rafael, New Year as well to reach out to those reps for neighbor organizations. I know for the one meeting, we sent communication for them to attend. Yeah. But to see what additional questions they may have along with five points with their letter would be helpful.

Yeah. Definitely. We did notify all of the RNOs in the area for both of the initial community meetings recently, but we can definitely reach out more directly to to see if they have any questions since they haven't been as engaged.

Can you share the partnership team once again? It says Palisade and who else is a part of this?

Our ownership partner is Five Points Development Corporation. They're another local company in the area.

Okay. Alright. No no questions.

Any other questions from council members? I would just offer up first place I lived when I moved to Denver fifty some years ago was in Five Points. And we just very quickly became aware of the history of that neighborhood, and I've watched the Smithsonian sit there

Yeah. Mhmm.

And sit there and sit there, and it's such a wonderful piece of property. Yes. And to not have it redeveloped, to lose that history would be a crime. So I'm excited about this project and from the drawings, I hope you all show the property the respect it deserves. And it looks I'd to say from the images on screen, it looks like you're gonna do that.

So that said, I need a motion to move 26063334 forward. Got a a motion by councilman Watson, second by councilwoman Romero Campbell. And I'm sure we'll thumbs up all around. Good deal. We'll see you at at council. I believe that is our agenda for the day. A couple items on consent. If those are not pulled off, they will move forward on their own. And no further business. We are adjourned. Good job, sir.