[6:02] Okay, everybody ready? [laughter] What's happening? Okay, we good. Okay, ready?

[6:08] Okay. Okay.

[6:12] Good morning everybody. Uh, the redevelopment agency meeting of January

[6:17] 21st, 2026 is called to order. This meeting has been properly noticed and

[6:23] posted in compliance with the open meeting law. These proceedings are being

[6:28] video recorded and can be viewed live on City of Las Vegas TV on Cox Cable

[6:34] Channel 2. You could also watch the meeting live online and access other

[6:39] city content by visiting las vegasenvada.gov/con. GV/connect.

[6:44] The proceedings will be rebroadcast on City of Las Vegas TV, the Wednesday of

[6:49] the meeting at 8:00 PM and also on Friday at 4:00 a.m., Saturday at 700

[6:55] p.m., Sunday at 700 a.m., and the following Monday at 5:00 p.m. This

[7:00] building is protected by a state-of-the-art fire detection and

[7:04] suppression sprinkler system. If alarm should activate during today's meeting,

[7:09] please evacuate using the exits at the back of the chambers out to the

[7:13] mezzanine. Proceed out the double doors to the terrace and down the back

[7:18] staircase. For anyone that has difficulty with stairs, please check

[7:22] with a marshall or fire official for assistance. Once outside, assemble on

[7:27] the northeast corner across the street from city hall at Lewis and First

[7:31] Street. Employees wearing safety vests or our city marshalss will inform you

[7:36] when it is safe to re-enter the building. For public comment related to

[7:41] the items on the agenda, citizen participation and public hearing items,

[7:46] we have available a speaker card which you can complete and submit to the city

[7:51] clerk. Cards are available in the clerk's office or at the rear of the

[7:55] chambers. If you do not submit a card, it does not prevent you from speaking

[7:59] under public comment. citizen participation or specified public

[8:05] hearing items. If there is anyone present today that is in need of hair

[8:10] hearing impaired equipment, please see the city clerk staff. And please note,

[8:15] if you parked in the parking garage across the street, a self- validation

[8:20] machine is located in the foyer between council chambers and the security desk

[8:25] you walk through to enter these chambers. You must have your ticket with

[8:29] you to use the machine. If you do not have your ticket, see security personnel

[8:34] when exiting for a validation coupon. We will now move on to item three.

[8:41] Agenda item number three. Public comment during this portion of the agenda must

[8:45] be limited to matters on the agenda for action. The amount of time any single

[8:50] speaker is allowed may be limited. All comments made will be cross referenced

[8:55] to those specific items. If anyone submitted a speaker card or who wishes

[9:00] to speak under this portion of the agenda, please come to the podium and

[9:05] state your name for the record and we will set the um uh the comments for one

[9:11] minute. Is there anybody that would like to speak?

[9:15] Seeing nobody, we will move to item number four

[9:21] for possible action to approve final minutes by reference of the regular

[9:26] redevelopment agency meeting of December 17th, 2025. Mayor Prom, is there a

[9:32] motion to approve the M minutes? >> Move to approve the minutes.

[9:35] » Please vote. Post.

[9:41] Motion carries. Agenda item number five. Item number five is on the consent

[9:47] agenda is considered to be routine is recommended for approval by the

[9:52] department and may be enacted in one motion. Mayor prom may I have a motion

[9:57] for the consent agenda? >> Move to approve the consent agenda.

[10:01] » Please vote.

[10:05] Opposed. Motion carries.

[10:10] We will now hear items 6 through nine together but act on them separately.

[10:17] I uh agenda item number six, RA-1-2026,

[10:23] discussion for possible action regarding a resolution finding the proposed

[10:28] changes to amend the business security grant incentive program by the city of

[10:33] Las Vegas redevelopment agency to include buildings with re without retail

[10:39] storefronts and tattoo shops as an eligible business type to be in

[10:44] compliance with and in furtherance of the goals and objectives. ives of the

[10:48] redevelopment plan and authorizing the approval of the changes by the agency.

[10:53] Note, this item is related to council item 31 R-12026.

[11:00] Number seven, RA-2-2026 discussion for possible action regarding

[11:06] a resolution finding the proposed chain uh changes to the commercial visual

[11:11] improvement program by the city of Las Vegas redevelopment agency to be in

[11:17] compliance with and in furtherance of the goals and objectives of the

[11:21] redevelopment plan and authorizing the approval of the changes by the agency.

[11:26] Please note this item is related to council item 32 R-2-2026.

[11:32] Item number 8, RA-3-2026. discussion for possible action regarding

[11:39] a resolution finding the proposed changes to a multifamily residential

[11:44] unit improvement program and a multifamily residential visual

[11:48] improvement program and the creation of the multifamily renovation incentive

[11:53] program by the city of Las Vegas redevelopment agency to be in compliance

[11:58] with and in furtherance of the goals and objectives of the redevelopment plan and

[12:03] authorizing the approval of the changes by the agency. Please note this item is

[12:08] related to council item 33 R-3-2026. Item number nine, RA-4-2026.

[12:18] discussion for possible action regarding a resolution finding the proposed

[12:22] creation of the tenant improvement incentive program by the city of Las

[12:26] Vegas redevelopment agency to be in compliance with and in furtherance of

[12:31] the goals and objectives of the redevelopment plan and authorizing the

[12:35] approval. Note this item is related to council item 34 R-4-2026.

[12:43] These items are in redevelopment areas one and two wards one, three, and five.

[12:49] Mr. Kenudson, Miss Diaz, and Miss Summers Armstrong. Miss Babsky, hello.

[12:54] » Good morning, Mayor. Good morning, city council members. Dina Babsky, director

[12:56] of economic and urban development. Um, and a little background on all of these

[13:00] items. The redevelopment agency um has since 2015 been offering a set of

[13:06] different incentives to essentially achieve our goal of revitalization and

[13:10] eliminating blight in the downtown core and the redevelopment area in general.

[13:14] Um the incentives that we have had since 2015 have not been updated since then

[13:19] and a lot of things as we know have changed. So it's time that we bring them

[13:22] forward to modernize them a bit and and and present some changes. And some

[13:27] incentives that I will talk about this morning are actually new. um and some

[13:31] are recent. So with that, I'd like to move forward to uh to the very first one

[13:36] on the list is our uh most recent incentive, the business security

[13:40] program. Um the the reason it started uh last year is in order to address some of

[13:45] the dynamics in uh what started in the district but general in the downtown

[13:50] core with some security concerns. We started hearing that you know some

[13:54] security incidents were started happening and um after consulting with

[13:59] our team and the and the legal team and see how the red development agency could

[14:03] assist in order to address that uh we brought forward a business security

[14:07] program to address things that you see in front of you in these photos. There

[14:10] were broken glasses, you know, businesses were getting broken into. At

[14:14] that time there was a lot of theft of the HVAC systems. And so, uh, last year

[14:19] we brought for consideration the $5,000 grants to install security upgrades. And

[14:24] the program has been very successful since then. We have already reimbursed

[14:28] seven different businesses and seven more are in the workings now. They're

[14:32] actively installing the upgrades. So the program change that we're

[14:36] bringing forward for you today is actually to expand the eligibility to

[14:40] include not only the businesses but essentially the buildings themselves. Um

[14:44] and where that came from is uh a lot of these security upgrades can actually be

[14:50] uh built in during the construction of the tenant improvements rather than uh

[14:55] you know afterwards uh by the business. And so when we spoke with the business

[15:00] uh with the property owners as well as the builders who do the tenant

[15:03] improvements, it was brought to our attention that would be very helpful if

[15:06] they could apply for this grant before the business actually moves in. So

[15:11] again, uh the rest of the program remains the same. We're just making it

[15:14] eligible to where the grant can be applied for before the business moves in

[15:19] and then the requirement is that they obtain and present the business license

[15:22] within 12 months of essentially getting the grant. Another change uh is also

[15:27] that we will now allow te tattoo shops, pardon me, to be uh considered eligible.

[15:33] Back in the day when the incentives were initially um established back in 2015,

[15:38] the tattoo establishments were ineligible. And so now we know that

[15:42] these are uh very popular places. People love uh tattoo shops and uh especially

[15:48] in the arts district, it's a form of art. So with that, we'd like to include

[15:52] that. Uh the next one, the one you probably

[15:56] hear the most about here at these meetings is the commercial visual

[15:59] improvement program, the VIP program. Uh it was created to encourage property

[16:04] owners to uplift the facades of their buildings and make them more appealing.

[16:08] Um again, very popular since 2015. Um $2.3 million has been invested by the

[16:14] redevelopment agency, which then leveraged almost $30 million of private

[16:19] investment by property owners. So essentially for every dollar that the

[16:22] redevelopment agency invests uh private investors invest almost $13.

[16:28] Uh so the changes that we're proposing is currently the maximum is $25,000. We

[16:34] would like to increase it to $50,000. Construction costs as you all know have

[16:38] gone so high especially recently but of course since 2015 when we established

[16:43] the program. Uh we still will require a two two for one match meaning that we'll

[16:48] reimburse 50% of eligible costs up to 50,000. Um and then the new portion of

[16:54] that is we we would like to create a pilot program um and starting with the

[16:58] historic west side where we will eliminate the require the match

[17:02] requirement. Essentially, the full $50,000 could be made eligible uh for

[17:08] reimbursement for eligible construction costs for uh the improvements on the

[17:12] exterior. Um there is also the rest of it is really cleanup language of the

[17:17] program. There was no definition of significant improvement. So we defined

[17:21] that. Um another thing is we would also like to include the tattoo parlors in

[17:25] this one as well. So we'd like to make it eligible across all. Um, and then of

[17:30] course, uh, the new construction, uh, is going to be ineligible because

[17:34] essentially what's a brand new building that's been built in the last 12 months.

[17:38] There's really no blight yet to be eliminated.

[17:43] Um, the next one is the multifamily residential improvement program. So,

[17:47] this is for our uh, multifamily rebuilds. Um, currently it's also been

[17:52] very popular and a lot of times it is combined with the VIP program. So

[17:56] there's improvement on the interior and the improvement on the exterior. But

[17:59] specifically uh since 2017, the city uh or the RDA I should say invested uh

[18:04] almost a million and a half leveraging uh almost $13 million in private

[18:09] investment. So some of the changes on the multif

[18:12] family program um current well the first change I guess that's important is that

[18:18] uh previously uh we define multif family as a four-unit dwelling but the industry

[18:24] standards is actually five unit uh dwelling so we would like to align it

[18:28] with the industry standards so we're going to change it to five. Uh we would

[18:31] also like to increase uh from $20,000 per door to $30,000 per door again to

[18:38] address all of the rising costs. Uh and then the rest of it really again is

[18:42] cleanup language. We defined what a unit is uh and also made sure that the mass

[18:47] the blanket mass leasing contracts where one uh master leasey leases a whole

[18:52] building you know instead of actually uh having individual applicants uh not

[18:56] applicants but residents in each unit also would be ineligible.

[19:01] Um and this is the brand new program that I'd like to talk about and let let

[19:05] me give you a little background on that. Um last year our department uh when

[19:09] we're establishing our goals uh addressing office vacancy in downtown

[19:13] was one of our priorities or still is. Um as you probably see when you drive

[19:18] downtown we have a lot of office buildings and it's you know it's not

[19:22] difficult to tell that it's not occu they're not occupied because you don't

[19:25] see people outside don't see people walking. And so uh in order to start

[19:29] addressing that we convened the group of property owners of those buildings as

[19:33] well as brokers together to see how can we all work together to address the

[19:38] situation. Um one of the things that came up during that meeting is the cost

[19:42] of the TI buildouts. Uh reason being is a lot of our buildings in downtown are

[19:48] class B class C office space which is which means it's old. It's already been

[19:52] used before by mostly attorneys. If you remember many years ago, there's

[19:56] attorneys everywhere here. And so with all the office being built uh down uh in

[20:01] the southwest, you know, it's very difficult to compete because that's

[20:04] brand new office space here. We have dilapitated older buildings. And so as

[20:09] difficult as it is to already attract folks downtown for certain reasons where

[20:13] there's the drive where where it's you know perception or whatnot having not

[20:18] having a turnkey office space where they can essentially attract to already ready

[20:22] solution for the potential tenants is a challenge. So they asked that we could

[20:27] if we could explore having a tenant improvement program. So this is where it

[20:31] all started. Uh so for your consideration today is the tenant

[20:35] improvement program and some of the details. Um it's going to rebate up to

[20:39] 10% of the total uh improvement cost. Uh the maximum amount of $50,000 for

[20:45] properties up to 5,000 square feet and maximum amount of 95 for properties over

[20:50] 5,000 square ft. Um another important part is that if you know the office

[20:55] buildings, they have multiple tenants and so we made it so that essentially

[21:00] each tenant, each office space is eligible for its own incentive. So it's

[21:04] not just one incentive per building but rather per each project. Uh, of course,

[21:09] as with the all RDA uh, incentives, we will require uh, certain number of jobs

[21:13] to be created and some of the ineligible properties uh, that were identified is

[21:18] uh, you know, very similar to the rest of our uh, incentives as the cannabis

[21:23] related operations uh, and then industrial folks uh, because we don't

[21:28] have it was specifically designed for office built out uh, and of course uh, I

[21:33] would be very appreciative if you could take it up for your consideration. Thank

[21:36] you. >> Thank you. Happy to answer any

[21:38] questions. >> Thank you. Does anybody have any

[21:40] questions or comments? Yes, Mr. Canudson.

[21:44] » Thank you, Mayor, and thanks for the presentation and for your team that

[21:46] obviously put a lot of work into this. Um, and I wish I'd have asked these

[21:49] questions earlier, but they came to me last night. Uh, the first question is is

[21:53] can you um put together materials that ws 1, three, and five can send out um

[21:59] either on social media or to our constituents? Um and then the second

[22:02] question is is when groups are coming in through their um planning process or

[22:08] permitting process, do we have any way of communicating to them what

[22:11] opportunities are available to the city? >> Yes. Well, yes. So, we work closely with

[22:16] our community development department. So, uh you know, whether if it's they're

[22:20] working with our client or vice versa, we always collaborate and make those

[22:23] incentives known. And what was your question about? I'm sorry, can you

[22:26] repeat? >> I'm sorry, I spoke very quickly. Um if

[22:29] the WS one, three, and five, if there's opportunity to produce some marketing

[22:33] materials that we can send out to businesses or maybe put on our social

[22:36] medias. >> Yes.

[22:40] » Yeah. Like bullet points on Yeah. I I like I send out letters to all my new

[22:45] businesses. So maybe that's something I could just include in that letter.

[22:48] » Absolutely. >> Thank you very much. It was a great job.

[22:49] Thanks. And this was what makes the city so innovative and creative. So I I very

[22:53] much appreciate it. >> Thank you.

[22:55] » Any other question? Yes, Miss Brun. Thank you, Miss Babsky, for the

[23:00] presentation. I have a couple of questions. Um, do most of our peer

[23:05] cities have these sorts of programs? >> Uh, not that I'm aware of. The

[23:10] redevelopment agency in Henderson and the redevelopment agency in North Las

[23:14] Vegas and the Clark County, I don't hear about their incentives programs. They

[23:18] primarily work on what redevelopment agencies do like public improvements and

[23:22] things like that. So, I believe I'm not going to swear here by any means on my

[23:26] word, but I'll double check and get back to you. I believe we're the only agency

[23:29] that's doing these types of incentives. >> And what about on a national scale?

[23:33] » Um, I'll find I'm sure I'll find out. I'll follow up.

[23:36] » And then you mentioned that for every dollar that uh we invest in the VIP

[23:41] program, VIP program, uh there's return of $1259 and a similar um multiplier for

[23:48] the multif family program. Is that you know above industry standard or you know

[23:54] how do we compare to uh I guess our peers across the country on that.

[24:00] » Okay. >> Because that's a great return.

[24:01] » Yeah. Let me find out uh what the other programs nationally is and then we'll

[24:04] try to run some data. >> Okay.

[24:06] » Okay. Miss Kelly. >> Yeah. She'll be next. I know I and I

[24:12] just I just realized that. My my apologies. Miss Babsky. Thank you very

[24:16] much. I appreciate the innovation that's coming from what we're trying to do. Um

[24:22] I don't know if this is well my first question is

[24:27] uh will these will these changes start with

[24:31] the new budget or do these changes start as soon as they're approved?

[24:36] » Uh we plan to start them as soon as they're approved.

[24:39] Um, and is there money in the existing budget to satisfy the increases of of

[24:47] reimbursement or maybe reimbursement is the wrong word? Uh, contribution

[24:52] » uh through Mayor. So, we when we set aside money uh or within the budget a

[24:57] line item for incentives, we don't separate like we're going to have 12

[25:01] incentives for this year. So, it's a bucket of money uh that is set aside. So

[25:05] essentially um if we get more uh we can always adjust our budget but I guess

[25:12] it's not limit we're just pulling from the same bucket of money. I don't expect

[25:16] that we are going to exhaust all of the funds that we set aside because um

[25:21] especially nowadays the construction is expensive so we are seeing a bit of a

[25:25] slowdown in terms of uh you know these applications coming through. I think

[25:30] it'll be fine this year, but as we start the budget uh for next fiscal year,

[25:34] we're definitely going to expand those line items to make sure that we address

[25:38] the the new limits. >> Okay.

[25:40] » Which we're excited for. >> So, is that essentially if um also

[25:44] saying it's a first come first serve like you don't know what the demand is.

[25:48] Um you have a sense of what the demand's been for some of the the programs that

[25:53] are existing that you're expanding. Uh, and to the mayor prom's point, I'd love

[26:00] the same information because although I'm more too, I have a lot of residents,

[26:04] I don't know where they have businesses and um, you know, being a conduit for

[26:10] the good information. Uh, so please make sure you include all of us on that uh,

[26:14] to the extent we can get the word out. But um

[26:19] anyway, back to my back to my question is um tell me a little bit how you think

[26:25] about you know if the demands increase you

[26:28] know the first the first five that apply may be able to get up to depending on

[26:33] what program we're talking to the max and then as that as as as the demand

[26:40] increases would you start

[26:44] being more conservative if the if if that happened in terms of

[26:51] how much you would give out. I'm trying to get a sense of your thought process

[26:55] or of of your department and how if there was a ton of demand, how you

[27:00] manage that money. >> Thank you, Mayor. Um, so we are happy to

[27:06] have as many applicants as possible. Um, historically we have always budgeted

[27:11] more than we got applications for. So I feel very confident that you know we

[27:17] will be just fine. Um so with that for those who are watching and for you

[27:22] council members uh we will provide the information please come apply because we

[27:28] are able to support many many businesses and so while I can't give you a number

[27:34] what our limit is I can confidently say that we are fine and we'll be able to

[27:39] support everybody who comes and meets the requirements.

[27:41] » Okay. Well it's a good problem to have right. Um, if that's the case, I'm very

[27:45] excited about this. I know that, uh, when we're looking at, uh, economic

[27:51] development and, you know, trying to get businesses to relocate to parts of the

[27:56] city, uh, as many tools that we can have in our toolbox that that offer if we

[28:03] don't if we can't write just a big check or a big obeyance or what have you,

[28:07] being able to uh, be creative is really important. and I applaud you for for

[28:13] doing so. So, thank you. >> Thank you.

[28:16] » Thank you so much, Miss Summers Armstrong.

[28:19] » Thank you, Madam Chair, and thank you so much, Miss Bsky, um for being thoughtful

[28:24] and upgrading these um this language so that we have more inclusivity um because

[28:29] we know that businesses in the downtown area might look a little bit different

[28:33] than businesses outside the downtown area. And we like it because we're

[28:37] different and and this is exciting. My question is centered around how if we

[28:43] are giving um some matching dollars or supportive dollars, are we ensuring that

[28:48] the work that is being done meets our requirements to have small um businesses

[28:55] participating in the rehab? I think that's really important. And can you

[28:59] talk to me about if you all are enforcing that? if you are informing the

[29:03] people who are getting the money that they need to reach out to your office or

[29:07] whomever our person is to ensure that we have small business participation.

[29:13] » Yes. Thank you through you mayor. Um yes we absolutely all the requirements that

[29:17] I listed like the employment plan which I believe is what you're referring to

[29:21] for small business participation. Um so we have a con a consultant MBS uh firm

[29:27] who has been with us for a few years now. uh they assist us with when we meet

[29:32] with our applicants uh they essentially work with MBS and they get a list of

[29:37] eligible business small businesses that they should be working first uh with

[29:41] first uh to to satisfy the requirements in our programs. Um and then the grant

[29:47] itself is not reimbursed until our staff goes out and validates that whatever was

[29:53] approved in the application actually is what was delivered and then throughout

[29:57] the time that time and as well as the you know whatever follows we have the

[30:03] reporting that comes out from the uh grantee that essentially reports on

[30:07] their small business participation uh jobs creation and all of those items

[30:11] that are part of the applications. >> Thank you. If I may, mayor, one more

[30:15] question. >> Um, so we have a multi-story

[30:19] uh building downtown and the uh owner does floor number three, sweet five, and

[30:29] they enter into a five-year agreement and that business signs the lease, but

[30:34] then they for some reason pull out. What are the limits on that landlord or

[30:40] that owner coming back to redo suite number five on the third floor? Would we

[30:47] allow them to come back? Do they are they prohibited for a certain amount of

[30:50] time? I I would I just want us to make sure that we are are cognizant that this

[30:56] is not a um revolving, you know, checkbook and that um we have some

[31:02] limits on how often you can come back >> through you mayor. So yes, uh,

[31:06] Councilwoman, we have a requirement that the five lease a five lease requirement

[31:11] is required for each project or office space. So essentially, we would look at

[31:16] it that within five years, they can't necessarily come back and ask for

[31:20] another grant for that space. >> Okay, thank you so much. Is anybody else

[31:26] wishes to speak? Yes, Miss Diaz. >> Thank you, Madam Mayor. First and

[31:30] foremost, uh I want to thank Miss Babsky for really um and the EUD department

[31:35] being thoughtful receiving the feedback of our current programs and

[31:39] acknowledging that we needed to do some modernization and some improvements to

[31:44] the offerings. I know that um the tattoo shops every time we have an offering,

[31:48] they are kind of left out in the cold. And it doesn't mean that they're not a

[31:52] solid business model contributing uh to our communities and in our business

[31:56] districts. It's just for some reason they were never included and they were

[32:00] always excluded and it's kind of nice for them to have parody.

[32:04] Um I did want to ask about what does success look like for the pilot that

[32:11] we're launching um for the VIP the CVIP where we're not going to require

[32:18] matching funds from um the folks that are going to be investing in a conver

[32:23] commercial improvement um especially exterior. So what are we looking here

[32:27] just to see if um I I understand what the vision is behind um doing the the

[32:34] investment without the m matching funds >> through you mayor. Thank you councilman

[32:38] for your question. Uh let me give you a little more background how we came up

[32:41] with the idea of the pilot. So when we looked at all of the incentives that we

[32:46] have done in the last few years uh geographically right the historic west

[32:51] side uh scored the low the lowest in terms of applications coming in uh like

[32:57] really really low and so the idea was you know kind of what what were the

[33:01] limitations? Why were we not seeing anything? And so, uh, after obviously

[33:06] speaking with businesses, uh, with the community, the match, which, uh, the

[33:12] match was what kind of holding people back, right? $25,000 is not easy to come

[33:16] up with. And so, the the goal of a targeted area in general, what we would

[33:22] consider a t I would say focused area, not a targeted area, is essentially

[33:26] looking at, you know, where incentives even have being available are not being

[33:30] utilized. And so that's kind of where we came up with the pilot. Um I am hoping

[33:36] that you know a year from now uh we'll see you know how many applications we'll

[33:41] get, how many businesses will actually do the work to um you know to uplift

[33:46] their businesses, move in and you know start their businesses there. And I

[33:50] don't have a set number in mind to really define success because we just

[33:53] don't have any historical data in that area really. And so, um, what I'd like

[33:58] to do is I can update everyone quarterly and see how we're doing. And then, you

[34:02] know, after a year of collecting data, it'd be easier to kind of set the goal

[34:07] for success. Right now, we just want to get something going.

[34:11] » I appreciate it. I think that it'll be helpful to glean from the impact that it

[34:16] will have um in W five to then see if it would be suitable for other parts of the

[34:22] city as well. So, um, that's why I asked. And the last one was that since

[34:26] the tenant improvement one is new, I just want to make clear then that this

[34:31] one is I think traditionally are most of the funds were applied for by the

[34:37] building owner, the property owner, not so much the tenant. Um, some in some

[34:42] cases it is the tenant because they're doing the the the overhaul of the

[34:45] building, but I would say 75% of the time sometimes it is the property owner

[34:50] asking for for the funds back or the matching funds. So in the tenant

[34:55] improvement one that then the people going to lease the space for up at least

[35:00] five years are the ones that are the applicants. Correct.

[35:03] » Uh through you mayor. Thank you counciloman. Uh both actually. So the

[35:07] building owner can apply for individual space like a you know separated office

[35:12] space as well as the tenant that's moving in can also apply not together

[35:16] not for the same grant. Uh but if say the building owner doesn't want to, the

[35:20] applicant can apply but the building owner has to agree.

[35:24] » Okay. So there has to be communication there between both parties. And then um

[35:30] just wanted to be clear then um if there's a building that has multiple

[35:35] stories or multiple offerings of suites, that's why the incentive can apply more

[35:41] than once to a a building. Correct. >> That's correct.

[35:44] » Okay. Thank you very much, Miss Babsky. >> Thank you so much. Any other questions?

[35:48] In that case, I will entertain a motion. Mayor Prom for item six.

[35:55] » Madame Mayor, move to approve item six. >> Please vote.

[35:59] Post.

[36:04] Post.

[36:11] » Okay. Motion passes. And item seven. >> Move to approve. Please vote.

[36:20] Oops. There we go. Post.

[36:26] Motion passes. Item number eight. >> Move to approve.

[36:30] » Please vote.

[36:34] Post. Motion passes. And item number nine.

[36:40] » And move to approve. >> Please vote.

[36:44] Post. Motion carries. Thank you, Miss Babsky.

[36:49] » Thank you.

[36:52] » Okay, we'll now move to item number 10.

[37:01] Discussion for possible action to amend the city of

[37:06] Las Vegas redevelopment plan for the downtown Las Vegas redevelopment area

[37:11] and commonly referred to as redevelopment area number one. It

[37:16] affects wards one and five, Miss uh Mr. Kudson and Miss Summers Armstrong. Miss

[37:21] Babsky. >> Yes. Thank you, mayor. Uh council

[37:24] members, Dina Babsky, director of economic and urban development. I'd like

[37:28] to uh before I move on to the presentation um to request your approval

[37:33] of our um amendment to the redevelopment plan for area one. Um I want to mention

[37:39] that this the RDA has actually done this already four times since the

[37:44] redevelopment area was established back in 1986. We amended the plan in 88 96

[37:51] 2006 and the last time in 2015. And by that uh the amendment means we adding

[37:56] additional parcels that are eligible uh into the area. So it's time we do it

[38:01] again. The two parcels that we uh or the two

[38:05] areas that we would like to uh amend or to include into the plan are highlighted

[38:10] on the map below, but I'm going to go into more detail about each one of them.

[38:14] So this is the former Grand Sawyer site, the old state building. Um as you can

[38:19] see, it is literally like a donut hole. uh all of the redevelopment area is all

[38:24] around it. Uh and there's reason why it wasn't included back when the

[38:28] redevelopment area was initially created and through all of the other amendments.

[38:33] Um it was a state building, stateowned property. So uh essentially at that time

[38:37] we thought it was going to be a state building for I don't know years to come,

[38:41] decades to come. So there was no reason it wasn't part of our redevelopment

[38:45] plan. And now that we know that the state is now um selling the site uh or

[38:51] is trying to sell the site, of course the plans have changed and we would like

[38:55] to now include this because it completely aligns with the redevelopment

[38:59] uh area plan that we currently have. Um and you know its future development is

[39:03] going potentially be dependent on some of the redevelopment agency support that

[39:07] we could provide. Um it's 22.7 acres built in 95 and it identifies the

[39:13] surrounding area as a prime redevelopment area. And then the second

[39:17] site is the former uh Grace Church pres Grace pres Presbyterian Church site in

[39:21] the medical district. Um as you can see another donut hole. We have

[39:25] redevelopment areas all around on the north and the west and of course moving

[39:29] to the east that you can see on the high uh over the highway. Um but for the

[39:33] similar reasons we thought it was going to be a church site for many many years.

[39:37] uh it wasn't really you know as a church site it wasn't planned to be redeveloped

[39:41] but now that the state end specifically is trying to sell the site we envision

[39:46] that this is going to be a great redevelopment area opportunity so that's

[39:50] the uh the second one that we'd like to include it is almost 5 acres uh and just

[39:55] like the grand sawer site it really identifies as the medical district and

[39:59] surrounding area as a prime redevelopment area um if approved today

[40:03] uh the redevelopment agency which is today we're holding the public hearing

[40:06] it was posted in the review journal for a couple of weeks. Um if again if we get

[40:11] your approval today, we will then uh post in the review journal again for

[40:15] another two weeks to announce another public hearing at the city council

[40:18] meeting on February 4th. Um at which time uh we'll present the recommendation

[40:23] of this board to the city council board. Um and hoping that you know at that time

[40:28] we'll have the first hearing of the ordinance because in order to amend the

[40:31] plan we have to amend the ordinance and with the second hearing being on

[40:35] February 18th. Happy to answer any questions.

[40:37] » Thank you. Are there any agency members that have a question or comment?

[40:43] » Seeing none, um, uh, is there a motion? Councilman Kudson.

[40:48] » Thank you very much, Dean. I appreciate everything you're doing to help

[40:51] revitalize our downtown. And I will move to approve.

[40:55] » Please vote. Post.

[41:02] » Post. Motion carries. >> Thank you. Agenda item 11, RA-5-2026,

[41:10] discussion for possible action regarding a resolution finding the agency

[41:15] reimbursement agreement between the city of Las Vegas redevelopment agency and

[41:21] same page LLC concerning certain tenant improvements in connection with the

[41:27] retail lease between the city of Las Vegas and tenant for certain space at 70

[41:32] East Bonavville Avenue Sweet 150. It's in the best interest of the public is in

[41:38] compliance with and in furtherance of the goals and objectives of the city of

[41:42] Las Vegas downtown master plan and authorizing the execution of the

[41:47] agreement by the agency $1 million RDA special revenue fund redevelopment area

[41:54] one ward 3 Miss Dios please note this item is related to council items 36

[42:00] R-6-2026 37 and 38 R7-

[42:07] R-7-2026. [snorts]

[42:10] Miss Babsky. >> Thank you, Mayor, City Council members.

[42:13] Uh, this one going to be a short presentation because we want to save the

[42:16] big presentation with the detail for the council meeting. Uh, but essentially,

[42:20] it's a reimbursement agreement with our future tenant uh in Civic Plaza for a

[42:26] new restaurant. It is in the amount of $1 million uh with 300,000 of it being

[42:31] reimburseable through the um amortized period of the lease. Um again, I'd like

[42:36] to show the renderings during the council meeting uh and um get you all

[42:40] excited because it's going to be a wonderful wonderful location for us uh

[42:44] to visit and gather. Um and I do want to mention that the the approval of this

[42:49] reimbursement agreement is contingent upon the approval of the actual lease.

[42:54] » All right. Thank you so much. Are there any questions from agency members?

[43:00] Seeing none, is there a motion? Councilwoman Diaz.

[43:04] » Thank you, Madame Mayor. And, uh, just for, uh, my information, the initial

[43:09] lease is being signed for how long? >> The initial Thank you, uh, through you,

[43:13] Mayor. The initial lease is 12 years with two options, five years each.

[43:16] » Okay, awesome. Thank you so much. Um, we're all, I think, looking forward to a

[43:20] new offering. I think we're all foodies and we're always trying to go somewhere

[43:24] quick to grab grab a bite. So, we're looking forward to this new offering in

[43:27] our neighborhood. So, with that, I move to approve agenda item 11. Please vote.

[43:33] » Post.

[43:36] [clears throat] Motion carries. Thank you, Miss Babsky.

[43:40] » Agenda item 12, citizen participation. Public comment during this portion of

[43:46] the agenda must be limited to matters within the jurisdiction of the

[43:50] redevelopment agency. No subject may be acted upon by the redevelopment agency

[43:56] unless that subject is on the agenda and is scheduled for action. If you wish to

[44:01] be heard, come to the podium, give your name for the record. The amount of

[44:05] discussion on any single subject as well as the amount of time any single speaker

[44:10] is allowed may be limited. It will limit it to one minute. Is there anyone

[44:15] wishing to speak under this portion of the agenda?

[44:20] Seeing none, uh this redevelopment agency meeting is adjourned. We will

[44:27] start our city council meeting in five minutes.

[44:34] Okay.

CLV 01-21-2026 Redevelopment Agency Meeting

Transcript