Remarks by Priscilla Rojas
236 remarks on the record, newest first · Page 3 of 10
OK. Questions or comments from the board? So what are we voting on? Sorry, a little bit. I was just like, can you, yeah.
Right, they're applying to amend. And so are there current, because they're changing the use of the canoe thing, the kayak thing?
All right, so we're... And I'm just here to notify you. Notify, okay. Understood.
You can't. Okay. Any additional questions or comments? Okay. A motion is in order.
Not quoted here: it may name a member of the public. Hear it at the meeting.
So now we're going to go through, OK, I'm going to announce the next four items are going to be presented jointly with separate board votes to follow. So I will read each one first, and then we'll do the presentation, and then we'll take the board after that, the vote after that. All right, item number 22, request authorization to adopt a demonstration project plan under Massachusetts general law chapter 121B, section 46F for the proposed project located at Alston Yards, building D in Alston. Should we take a break? Do you need to take a break? No, no, no, no, no, no. But maybe we could all…
Thank you, Councillor. Do we have anyone else to take out of order? Nobody? Good. Okay, perfect. Ruben, the floor is yours.
Questions or comments from the board on this section so far?
Thank you. On can you talk a little bit about the. The process and kind of in the population, right? That we're talking about. With regard to this, so the process on how we came to identify those parameters. Absolutely. And yeah.
Okay. All right. Sounds good. And go ahead. Yeah. Go, go, go.
Okay. Too polite to each other. Okay. So can you go back to the ROI and return on capital and treasury slide?
Yeah, if you can just go back to that one. Can you break that down a little bit more and maybe a little less non-financial jargon of like, what does that really mean?
As a former auditor of Real Estate Investment Trust, I think that was fine. Thank you for that. I just want to make sure that you're- You should have answered that question. Well, you know, I'm evaluating your answer. No. And then can you comment on, you know, you said we- did some internal analysis and some external analysis as a requirement. Can you talk a little bit about the analysis that we did?
Yeah, so the independent and then kind of who was involved in the internal analysis.
Thank you. Thank you. And who did we use for our external financial independent?
All right any other questions up until so far?
Thank you. Great. Additional questions? Okay, let's move on.
Just real quick on this one. So for the project benefits, are those the project benefits that we've already, that were part of the original approval, or are those like additional things?
That's the original approval. That's what we approved.
Okay, so this would unlock the. Availability or us to be able to start to realize those benefits if we got it.
Okay. Questions or comments from the Board?
Great additional questions or comments. All right, I think, you know, definitely echo what my fellow board members are saying, you know, but I mean, as a, you know, as a member of this board, we have a fiduciary responsibility, you know, to thoroughly, you know, take this proposal seriously and look at the details of it. So I want to, you know, thank you for, you know, again, all the work that went into this, but for, I like the way... Mr. O'Malley presented this as a tax relief investment, an investment, right, that this vote is what it's doing, right? It's allowing this investment in this…
Request authorization to adopt a demonstration project plan under Massachusetts General Law, Chapter 121B, Section 46F, for the proposed project located at Alston Yards, Building D in Alston, and to adopt certain findings related to the demonstration project plan, including without limitation that the proposed project constitutes a demonstration project, and to authorize the director to enter into a contract for payment in lieu of taxes agreement pursuant to MGL Chapter 121B, Section 16, as amended between the City of Boston, the BRA, and the proponent in connection with the proposed project,…
Not quoted here: it may name a member of the public. Hear it at the meeting.
Second. All those in favor? Aye. Opposed? The ayes have it. Motion passes. Thank you.