1 00:06:02,960 --> 00:06:10,400 Okay, everybody ready? [laughter] What's happening? Okay, we good. Okay, ready? 2 00:06:08,080 --> 00:06:14,960 Okay. Okay. 3 00:06:12,560 --> 00:06:22,000 Good morning everybody. Uh, the redevelopment agency meeting of January 4 00:06:17,840 --> 00:06:25,759 21st, 2026 is called to order. This meeting has been properly noticed and 5 00:06:23,919 --> 00:06:31,759 posted in compliance with the open meeting law. These proceedings are being 6 00:06:28,720 --> 00:06:36,960 video recorded and can be viewed live on City of Las Vegas TV on Cox Cable 7 00:06:34,639 --> 00:06:41,840 Channel 2. You could also watch the meeting live online and access other 8 00:06:39,600 --> 00:06:47,120 city content by visiting las vegasenvada.gov/con. GV/connect. 9 00:06:44,800 --> 00:06:52,400 The proceedings will be rebroadcast on City of Las Vegas TV, the Wednesday of 10 00:06:49,919 --> 00:06:57,680 the meeting at 8:00 PM and also on Friday at 4:00 a.m., Saturday at 700 11 00:06:55,199 --> 00:07:01,840 p.m., Sunday at 700 a.m., and the following Monday at 5:00 p.m. This 12 00:07:00,319 --> 00:07:06,960 building is protected by a state-of-the-art fire detection and 13 00:07:04,000 --> 00:07:11,840 suppression sprinkler system. If alarm should activate during today's meeting, 14 00:07:09,280 --> 00:07:16,160 please evacuate using the exits at the back of the chambers out to the 15 00:07:13,680 --> 00:07:20,000 mezzanine. Proceed out the double doors to the terrace and down the back 16 00:07:18,000 --> 00:07:24,319 staircase. For anyone that has difficulty with stairs, please check 17 00:07:22,160 --> 00:07:29,280 with a marshall or fire official for assistance. Once outside, assemble on 18 00:07:27,360 --> 00:07:34,319 the northeast corner across the street from city hall at Lewis and First 19 00:07:31,599 --> 00:07:38,560 Street. Employees wearing safety vests or our city marshalss will inform you 20 00:07:36,880 --> 00:07:43,680 when it is safe to re-enter the building. For public comment related to 21 00:07:41,120 --> 00:07:48,720 the items on the agenda, citizen participation and public hearing items, 22 00:07:46,400 --> 00:07:53,120 we have available a speaker card which you can complete and submit to the city 23 00:07:51,120 --> 00:07:57,759 clerk. Cards are available in the clerk's office or at the rear of the 24 00:07:55,039 --> 00:08:01,759 chambers. If you do not submit a card, it does not prevent you from speaking 25 00:07:59,680 --> 00:08:07,840 under public comment. citizen participation or specified public 26 00:08:05,039 --> 00:08:12,720 hearing items. If there is anyone present today that is in need of hair 27 00:08:10,319 --> 00:08:17,680 hearing impaired equipment, please see the city clerk staff. And please note, 28 00:08:15,759 --> 00:08:22,879 if you parked in the parking garage across the street, a self- validation 29 00:08:20,160 --> 00:08:26,800 machine is located in the foyer between council chambers and the security desk 30 00:08:25,280 --> 00:08:31,440 you walk through to enter these chambers. You must have your ticket with 31 00:08:29,039 --> 00:08:37,440 you to use the machine. If you do not have your ticket, see security personnel 32 00:08:34,399 --> 00:08:43,680 when exiting for a validation coupon. We will now move on to item three. 33 00:08:41,200 --> 00:08:48,240 Agenda item number three. Public comment during this portion of the agenda must 34 00:08:45,839 --> 00:08:53,760 be limited to matters on the agenda for action. The amount of time any single 35 00:08:50,880 --> 00:08:58,399 speaker is allowed may be limited. All comments made will be cross referenced 36 00:08:55,760 --> 00:09:02,560 to those specific items. If anyone submitted a speaker card or who wishes 37 00:09:00,800 --> 00:09:07,600 to speak under this portion of the agenda, please come to the podium and 38 00:09:05,120 --> 00:09:12,959 state your name for the record and we will set the um uh the comments for one 39 00:09:11,120 --> 00:09:17,200 minute. Is there anybody that would like to speak? 40 00:09:15,040 --> 00:09:20,519 Seeing nobody, we will move to item number four 41 00:09:21,920 --> 00:09:29,120 for possible action to approve final minutes by reference of the regular 42 00:09:26,160 --> 00:09:34,240 redevelopment agency meeting of December 17th, 2025. Mayor Prom, is there a 43 00:09:32,480 --> 00:09:38,000 motion to approve the M minutes? >> Move to approve the minutes. 44 00:09:35,600 --> 00:09:41,000 » Please vote. Post. 45 00:09:41,200 --> 00:09:50,560 Motion carries. Agenda item number five. Item number five is on the consent 46 00:09:47,360 --> 00:09:54,480 agenda is considered to be routine is recommended for approval by the 47 00:09:52,399 --> 00:09:59,120 department and may be enacted in one motion. Mayor prom may I have a motion 48 00:09:57,440 --> 00:10:04,360 for the consent agenda? >> Move to approve the consent agenda. 49 00:10:01,040 --> 00:10:04,360 » Please vote. 50 00:10:05,200 --> 00:10:10,600 Opposed. Motion carries. 51 00:10:10,800 --> 00:10:23,320 We will now hear items 6 through nine together but act on them separately. 52 00:10:17,839 --> 00:10:23,320 I uh agenda item number six, RA-1-2026, 53 00:10:23,680 --> 00:10:30,720 discussion for possible action regarding a resolution finding the proposed 54 00:10:28,480 --> 00:10:36,240 changes to amend the business security grant incentive program by the city of 55 00:10:33,360 --> 00:10:42,079 Las Vegas redevelopment agency to include buildings with re without retail 56 00:10:39,279 --> 00:10:46,240 storefronts and tattoo shops as an eligible business type to be in 57 00:10:44,320 --> 00:10:50,720 compliance with and in furtherance of the goals and objectives. ives of the 58 00:10:48,240 --> 00:10:55,440 redevelopment plan and authorizing the approval of the changes by the agency. 59 00:10:53,200 --> 00:10:59,880 Note, this item is related to council item 31 R-12026. 60 00:11:00,320 --> 00:11:09,600 Number seven, RA-2-2026 discussion for possible action regarding 61 00:11:06,640 --> 00:11:14,160 a resolution finding the proposed chain uh changes to the commercial visual 62 00:11:11,920 --> 00:11:19,360 improvement program by the city of Las Vegas redevelopment agency to be in 63 00:11:17,200 --> 00:11:23,760 compliance with and in furtherance of the goals and objectives of the 64 00:11:21,279 --> 00:11:28,240 redevelopment plan and authorizing the approval of the changes by the agency. 65 00:11:26,160 --> 00:11:37,440 Please note this item is related to council item 32 R-2-2026. 66 00:11:32,959 --> 00:11:41,600 Item number 8, RA-3-2026. discussion for possible action regarding 67 00:11:39,440 --> 00:11:46,480 a resolution finding the proposed changes to a multifamily residential 68 00:11:44,000 --> 00:11:51,200 unit improvement program and a multifamily residential visual 69 00:11:48,560 --> 00:11:55,920 improvement program and the creation of the multifamily renovation incentive 70 00:11:53,680 --> 00:12:00,800 program by the city of Las Vegas redevelopment agency to be in compliance 71 00:11:58,720 --> 00:12:05,519 with and in furtherance of the goals and objectives of the redevelopment plan and 72 00:12:03,600 --> 00:12:13,600 authorizing the approval of the changes by the agency. Please note this item is 73 00:12:08,320 --> 00:12:18,040 related to council item 33 R-3-2026. Item number nine, RA-4-2026. 74 00:12:18,160 --> 00:12:24,320 discussion for possible action regarding a resolution finding the proposed 75 00:12:22,560 --> 00:12:29,440 creation of the tenant improvement incentive program by the city of Las 76 00:12:26,720 --> 00:12:33,120 Vegas redevelopment agency to be in compliance with and in furtherance of 77 00:12:31,200 --> 00:12:38,959 the goals and objectives of the redevelopment plan and authorizing the 78 00:12:35,760 --> 00:12:46,160 approval. Note this item is related to council item 34 R-4-2026. 79 00:12:43,600 --> 00:12:51,279 These items are in redevelopment areas one and two wards one, three, and five. 80 00:12:49,279 --> 00:12:55,360 Mr. Kenudson, Miss Diaz, and Miss Summers Armstrong. Miss Babsky, hello. 81 00:12:54,079 --> 00:12:59,120 » Good morning, Mayor. Good morning, city council members. Dina Babsky, director 82 00:12:56,959 --> 00:13:03,920 of economic and urban development. Um, and a little background on all of these 83 00:13:00,959 --> 00:13:08,160 items. The redevelopment agency um has since 2015 been offering a set of 84 00:13:06,720 --> 00:13:12,560 different incentives to essentially achieve our goal of revitalization and 85 00:13:10,399 --> 00:13:17,120 eliminating blight in the downtown core and the redevelopment area in general. 86 00:13:14,880 --> 00:13:21,120 Um the incentives that we have had since 2015 have not been updated since then 87 00:13:19,600 --> 00:13:25,519 and a lot of things as we know have changed. So it's time that we bring them 88 00:13:22,880 --> 00:13:29,200 forward to modernize them a bit and and and present some changes. And some 89 00:13:27,519 --> 00:13:33,920 incentives that I will talk about this morning are actually new. um and some 90 00:13:31,920 --> 00:13:38,560 are recent. So with that, I'd like to move forward to uh to the very first one 91 00:13:36,000 --> 00:13:43,440 on the list is our uh most recent incentive, the business security 92 00:13:40,240 --> 00:13:49,120 program. Um the the reason it started uh last year is in order to address some of 93 00:13:45,760 --> 00:13:53,200 the dynamics in uh what started in the district but general in the downtown 94 00:13:50,880 --> 00:13:56,399 core with some security concerns. We started hearing that you know some 95 00:13:54,959 --> 00:14:01,440 security incidents were started happening and um after consulting with 96 00:13:59,120 --> 00:14:05,920 our team and the and the legal team and see how the red development agency could 97 00:14:03,360 --> 00:14:09,120 assist in order to address that uh we brought forward a business security 98 00:14:07,440 --> 00:14:12,399 program to address things that you see in front of you in these photos. There 99 00:14:10,959 --> 00:14:16,160 were broken glasses, you know, businesses were getting broken into. At 100 00:14:14,160 --> 00:14:22,079 that time there was a lot of theft of the HVAC systems. And so, uh, last year 101 00:14:19,600 --> 00:14:26,320 we brought for consideration the $5,000 grants to install security upgrades. And 102 00:14:24,720 --> 00:14:30,399 the program has been very successful since then. We have already reimbursed 103 00:14:28,560 --> 00:14:34,959 seven different businesses and seven more are in the workings now. They're 104 00:14:32,399 --> 00:14:38,480 actively installing the upgrades. So the program change that we're 105 00:14:36,720 --> 00:14:42,720 bringing forward for you today is actually to expand the eligibility to 106 00:14:40,399 --> 00:14:47,519 include not only the businesses but essentially the buildings themselves. Um 107 00:14:44,959 --> 00:14:52,320 and where that came from is uh a lot of these security upgrades can actually be 108 00:14:50,320 --> 00:14:57,760 uh built in during the construction of the tenant improvements rather than uh 109 00:14:55,519 --> 00:15:02,079 you know afterwards uh by the business. And so when we spoke with the business 110 00:15:00,079 --> 00:15:05,199 uh with the property owners as well as the builders who do the tenant 111 00:15:03,440 --> 00:15:09,120 improvements, it was brought to our attention that would be very helpful if 112 00:15:06,880 --> 00:15:13,040 they could apply for this grant before the business actually moves in. So 113 00:15:11,199 --> 00:15:16,800 again, uh the rest of the program remains the same. We're just making it 114 00:15:14,800 --> 00:15:20,959 eligible to where the grant can be applied for before the business moves in 115 00:15:19,199 --> 00:15:24,880 and then the requirement is that they obtain and present the business license 116 00:15:22,800 --> 00:15:30,639 within 12 months of essentially getting the grant. Another change uh is also 117 00:15:27,760 --> 00:15:34,959 that we will now allow te tattoo shops, pardon me, to be uh considered eligible. 118 00:15:33,199 --> 00:15:40,079 Back in the day when the incentives were initially um established back in 2015, 119 00:15:38,480 --> 00:15:45,360 the tattoo establishments were ineligible. And so now we know that 120 00:15:42,480 --> 00:15:49,839 these are uh very popular places. People love uh tattoo shops and uh especially 121 00:15:48,079 --> 00:15:54,240 in the arts district, it's a form of art. So with that, we'd like to include 122 00:15:52,079 --> 00:15:57,759 that. Uh the next one, the one you probably 123 00:15:56,079 --> 00:16:02,399 hear the most about here at these meetings is the commercial visual 124 00:15:59,360 --> 00:16:06,240 improvement program, the VIP program. Uh it was created to encourage property 125 00:16:04,240 --> 00:16:12,160 owners to uplift the facades of their buildings and make them more appealing. 126 00:16:08,639 --> 00:16:16,720 Um again, very popular since 2015. Um $2.3 million has been invested by the 127 00:16:14,560 --> 00:16:21,600 redevelopment agency, which then leveraged almost $30 million of private 128 00:16:19,680 --> 00:16:25,440 investment by property owners. So essentially for every dollar that the 129 00:16:22,959 --> 00:16:31,120 redevelopment agency invests uh private investors invest almost $13. 130 00:16:28,959 --> 00:16:36,880 Uh so the changes that we're proposing is currently the maximum is $25,000. We 131 00:16:34,160 --> 00:16:41,759 would like to increase it to $50,000. Construction costs as you all know have 132 00:16:38,800 --> 00:16:46,399 gone so high especially recently but of course since 2015 when we established 133 00:16:43,680 --> 00:16:51,120 the program. Uh we still will require a two two for one match meaning that we'll 134 00:16:48,560 --> 00:16:56,000 reimburse 50% of eligible costs up to 50,000. Um and then the new portion of 135 00:16:54,079 --> 00:17:00,639 that is we we would like to create a pilot program um and starting with the 136 00:16:58,399 --> 00:17:04,799 historic west side where we will eliminate the require the match 137 00:17:02,800 --> 00:17:10,000 requirement. Essentially, the full $50,000 could be made eligible uh for 138 00:17:08,000 --> 00:17:15,760 reimbursement for eligible construction costs for uh the improvements on the 139 00:17:12,720 --> 00:17:19,520 exterior. Um there is also the rest of it is really cleanup language of the 140 00:17:17,760 --> 00:17:24,000 program. There was no definition of significant improvement. So we defined 141 00:17:21,360 --> 00:17:27,600 that. Um another thing is we would also like to include the tattoo parlors in 142 00:17:25,919 --> 00:17:33,120 this one as well. So we'd like to make it eligible across all. Um, and then of 143 00:17:30,400 --> 00:17:36,480 course, uh, the new construction, uh, is going to be ineligible because 144 00:17:34,799 --> 00:17:39,600 essentially what's a brand new building that's been built in the last 12 months. 145 00:17:38,240 --> 00:17:42,600 There's really no blight yet to be eliminated. 146 00:17:43,120 --> 00:17:49,280 Um, the next one is the multifamily residential improvement program. So, 147 00:17:47,280 --> 00:17:54,000 this is for our uh, multifamily rebuilds. Um, currently it's also been 148 00:17:52,240 --> 00:17:58,000 very popular and a lot of times it is combined with the VIP program. So 149 00:17:56,320 --> 00:18:02,640 there's improvement on the interior and the improvement on the exterior. But 150 00:17:59,840 --> 00:18:06,960 specifically uh since 2017, the city uh or the RDA I should say invested uh 151 00:18:04,640 --> 00:18:11,120 almost a million and a half leveraging uh almost $13 million in private 152 00:18:09,120 --> 00:18:16,400 investment. So some of the changes on the multif 153 00:18:12,960 --> 00:18:21,520 family program um current well the first change I guess that's important is that 154 00:18:18,480 --> 00:18:26,400 uh previously uh we define multif family as a four-unit dwelling but the industry 155 00:18:24,240 --> 00:18:29,840 standards is actually five unit uh dwelling so we would like to align it 156 00:18:28,000 --> 00:18:35,520 with the industry standards so we're going to change it to five. Uh we would 157 00:18:31,919 --> 00:18:40,880 also like to increase uh from $20,000 per door to $30,000 per door again to 158 00:18:38,480 --> 00:18:44,480 address all of the rising costs. Uh and then the rest of it really again is 159 00:18:42,400 --> 00:18:49,360 cleanup language. We defined what a unit is uh and also made sure that the mass 160 00:18:47,200 --> 00:18:54,720 the blanket mass leasing contracts where one uh master leasey leases a whole 161 00:18:52,480 --> 00:18:58,240 building you know instead of actually uh having individual applicants uh not 162 00:18:56,480 --> 00:19:03,280 applicants but residents in each unit also would be ineligible. 163 00:19:01,039 --> 00:19:06,720 Um and this is the brand new program that I'd like to talk about and let let 164 00:19:05,039 --> 00:19:11,039 me give you a little background on that. Um last year our department uh when 165 00:19:09,200 --> 00:19:16,000 we're establishing our goals uh addressing office vacancy in downtown 166 00:19:13,440 --> 00:19:19,600 was one of our priorities or still is. Um as you probably see when you drive 167 00:19:18,000 --> 00:19:24,480 downtown we have a lot of office buildings and it's you know it's not 168 00:19:22,640 --> 00:19:27,280 difficult to tell that it's not occu they're not occupied because you don't 169 00:19:25,919 --> 00:19:31,840 see people outside don't see people walking. And so uh in order to start 170 00:19:29,520 --> 00:19:36,240 addressing that we convened the group of property owners of those buildings as 171 00:19:33,600 --> 00:19:40,480 well as brokers together to see how can we all work together to address the 172 00:19:38,160 --> 00:19:46,000 situation. Um one of the things that came up during that meeting is the cost 173 00:19:42,720 --> 00:19:50,400 of the TI buildouts. Uh reason being is a lot of our buildings in downtown are 174 00:19:48,000 --> 00:19:54,799 class B class C office space which is which means it's old. It's already been 175 00:19:52,160 --> 00:19:58,880 used before by mostly attorneys. If you remember many years ago, there's 176 00:19:56,160 --> 00:20:02,960 attorneys everywhere here. And so with all the office being built uh down uh in 177 00:20:01,520 --> 00:20:05,919 the southwest, you know, it's very difficult to compete because that's 178 00:20:04,400 --> 00:20:11,200 brand new office space here. We have dilapitated older buildings. And so as 179 00:20:09,600 --> 00:20:15,039 difficult as it is to already attract folks downtown for certain reasons where 180 00:20:13,200 --> 00:20:20,799 there's the drive where where it's you know perception or whatnot having not 181 00:20:18,160 --> 00:20:25,200 having a turnkey office space where they can essentially attract to already ready 182 00:20:22,960 --> 00:20:29,520 solution for the potential tenants is a challenge. So they asked that we could 183 00:20:27,679 --> 00:20:33,280 if we could explore having a tenant improvement program. So this is where it 184 00:20:31,200 --> 00:20:36,559 all started. Uh so for your consideration today is the tenant 185 00:20:35,039 --> 00:20:42,640 improvement program and some of the details. Um it's going to rebate up to 186 00:20:39,600 --> 00:20:47,760 10% of the total uh improvement cost. Uh the maximum amount of $50,000 for 187 00:20:45,120 --> 00:20:53,520 properties up to 5,000 square feet and maximum amount of 95 for properties over 188 00:20:50,640 --> 00:20:57,919 5,000 square ft. Um another important part is that if you know the office 189 00:20:55,919 --> 00:21:02,559 buildings, they have multiple tenants and so we made it so that essentially 190 00:21:00,400 --> 00:21:06,640 each tenant, each office space is eligible for its own incentive. So it's 191 00:21:04,559 --> 00:21:11,760 not just one incentive per building but rather per each project. Uh, of course, 192 00:21:09,440 --> 00:21:16,159 as with the all RDA uh, incentives, we will require uh, certain number of jobs 193 00:21:13,840 --> 00:21:21,200 to be created and some of the ineligible properties uh, that were identified is 194 00:21:18,720 --> 00:21:26,559 uh, you know, very similar to the rest of our uh, incentives as the cannabis 195 00:21:23,919 --> 00:21:30,400 related operations uh, and then industrial folks uh, because we don't 196 00:21:28,720 --> 00:21:35,280 have it was specifically designed for office built out uh, and of course uh, I 197 00:21:33,679 --> 00:21:37,360 would be very appreciative if you could take it up for your consideration. Thank 198 00:21:36,880 --> 00:21:39,200 you. >> Thank you. Happy to answer any 199 00:21:38,640 --> 00:21:42,960 questions. >> Thank you. Does anybody have any 200 00:21:40,720 --> 00:21:45,600 questions or comments? Yes, Mr. Canudson. 201 00:21:44,480 --> 00:21:48,480 » Thank you, Mayor, and thanks for the presentation and for your team that 202 00:21:46,880 --> 00:21:51,200 obviously put a lot of work into this. Um, and I wish I'd have asked these 203 00:21:49,919 --> 00:21:56,080 questions earlier, but they came to me last night. Uh, the first question is is 204 00:21:53,360 --> 00:22:00,799 can you um put together materials that ws 1, three, and five can send out um 205 00:21:59,039 --> 00:22:05,120 either on social media or to our constituents? Um and then the second 206 00:22:02,799 --> 00:22:09,760 question is is when groups are coming in through their um planning process or 207 00:22:08,240 --> 00:22:14,240 permitting process, do we have any way of communicating to them what 208 00:22:11,520 --> 00:22:18,559 opportunities are available to the city? >> Yes. Well, yes. So, we work closely with 209 00:22:16,880 --> 00:22:22,400 our community development department. So, uh you know, whether if it's they're 210 00:22:20,720 --> 00:22:26,000 working with our client or vice versa, we always collaborate and make those 211 00:22:23,840 --> 00:22:27,120 incentives known. And what was your question about? I'm sorry, can you 212 00:22:26,880 --> 00:22:30,880 repeat? >> I'm sorry, I spoke very quickly. Um if 213 00:22:29,200 --> 00:22:34,720 the WS one, three, and five, if there's opportunity to produce some marketing 214 00:22:33,280 --> 00:22:37,520 materials that we can send out to businesses or maybe put on our social 215 00:22:36,640 --> 00:22:40,520 medias. >> Yes. 216 00:22:40,720 --> 00:22:46,720 » Yeah. Like bullet points on Yeah. I I like I send out letters to all my new 217 00:22:45,039 --> 00:22:48,799 businesses. So maybe that's something I could just include in that letter. 218 00:22:48,000 --> 00:22:51,520 » Absolutely. >> Thank you very much. It was a great job. 219 00:22:49,919 --> 00:22:54,159 Thanks. And this was what makes the city so innovative and creative. So I I very 220 00:22:53,280 --> 00:22:59,600 much appreciate it. >> Thank you. 221 00:22:55,200 --> 00:23:02,000 » Any other question? Yes, Miss Brun. Thank you, Miss Babsky, for the 222 00:23:00,960 --> 00:23:08,080 presentation. I have a couple of questions. Um, do most of our peer 223 00:23:05,039 --> 00:23:12,320 cities have these sorts of programs? >> Uh, not that I'm aware of. The 224 00:23:10,400 --> 00:23:16,559 redevelopment agency in Henderson and the redevelopment agency in North Las 225 00:23:14,159 --> 00:23:20,480 Vegas and the Clark County, I don't hear about their incentives programs. They 226 00:23:18,320 --> 00:23:24,320 primarily work on what redevelopment agencies do like public improvements and 227 00:23:22,240 --> 00:23:28,159 things like that. So, I believe I'm not going to swear here by any means on my 228 00:23:26,799 --> 00:23:31,280 word, but I'll double check and get back to you. I believe we're the only agency 229 00:23:29,520 --> 00:23:35,360 that's doing these types of incentives. >> And what about on a national scale? 230 00:23:33,520 --> 00:23:37,600 » Um, I'll find I'm sure I'll find out. I'll follow up. 231 00:23:36,159 --> 00:23:43,600 » And then you mentioned that for every dollar that uh we invest in the VIP 232 00:23:41,120 --> 00:23:51,520 program, VIP program, uh there's return of $1259 and a similar um multiplier for 233 00:23:48,400 --> 00:23:58,240 the multif family program. Is that you know above industry standard or you know 234 00:23:54,400 --> 00:24:00,480 how do we compare to uh I guess our peers across the country on that. 235 00:24:00,000 --> 00:24:03,520 » Okay. >> Because that's a great return. 236 00:24:01,760 --> 00:24:06,000 » Yeah. Let me find out uh what the other programs nationally is and then we'll 237 00:24:04,799 --> 00:24:09,280 try to run some data. >> Okay. 238 00:24:06,480 --> 00:24:14,320 » Okay. Miss Kelly. >> Yeah. She'll be next. I know I and I 239 00:24:12,000 --> 00:24:19,279 just I just realized that. My my apologies. Miss Babsky. Thank you very 240 00:24:16,480 --> 00:24:25,200 much. I appreciate the innovation that's coming from what we're trying to do. Um 241 00:24:22,640 --> 00:24:28,720 I don't know if this is well my first question is 242 00:24:27,120 --> 00:24:34,320 uh will these will these changes start with 243 00:24:31,440 --> 00:24:37,679 the new budget or do these changes start as soon as they're approved? 244 00:24:36,159 --> 00:24:43,120 » Uh we plan to start them as soon as they're approved. 245 00:24:39,520 --> 00:24:49,520 Um, and is there money in the existing budget to satisfy the increases of of 246 00:24:47,120 --> 00:24:54,559 reimbursement or maybe reimbursement is the wrong word? Uh, contribution 247 00:24:52,000 --> 00:24:59,039 » uh through Mayor. So, we when we set aside money uh or within the budget a 248 00:24:57,279 --> 00:25:02,960 line item for incentives, we don't separate like we're going to have 12 249 00:25:01,039 --> 00:25:09,840 incentives for this year. So, it's a bucket of money uh that is set aside. So 250 00:25:05,279 --> 00:25:14,000 essentially um if we get more uh we can always adjust our budget but I guess 251 00:25:12,640 --> 00:25:19,120 it's not limit we're just pulling from the same bucket of money. I don't expect 252 00:25:16,159 --> 00:25:23,760 that we are going to exhaust all of the funds that we set aside because um 253 00:25:21,679 --> 00:25:28,240 especially nowadays the construction is expensive so we are seeing a bit of a 254 00:25:25,840 --> 00:25:32,240 slowdown in terms of uh you know these applications coming through. I think 255 00:25:30,240 --> 00:25:36,159 it'll be fine this year, but as we start the budget uh for next fiscal year, 256 00:25:34,799 --> 00:25:40,480 we're definitely going to expand those line items to make sure that we address 257 00:25:38,480 --> 00:25:41,840 the the new limits. >> Okay. 258 00:25:40,799 --> 00:25:46,960 » Which we're excited for. >> So, is that essentially if um also 259 00:25:44,799 --> 00:25:51,360 saying it's a first come first serve like you don't know what the demand is. 260 00:25:48,960 --> 00:25:56,159 Um you have a sense of what the demand's been for some of the the programs that 261 00:25:53,919 --> 00:26:01,600 are existing that you're expanding. Uh, and to the mayor prom's point, I'd love 262 00:26:00,000 --> 00:26:06,480 the same information because although I'm more too, I have a lot of residents, 263 00:26:04,400 --> 00:26:12,400 I don't know where they have businesses and um, you know, being a conduit for 264 00:26:10,080 --> 00:26:16,720 the good information. Uh, so please make sure you include all of us on that uh, 265 00:26:14,559 --> 00:26:21,840 to the extent we can get the word out. But um 266 00:26:19,279 --> 00:26:26,960 anyway, back to my back to my question is um tell me a little bit how you think 267 00:26:25,200 --> 00:26:31,360 about you know if the demands increase you 268 00:26:28,480 --> 00:26:36,559 know the first the first five that apply may be able to get up to depending on 269 00:26:33,360 --> 00:26:42,320 what program we're talking to the max and then as that as as as the demand 270 00:26:40,640 --> 00:26:47,679 increases would you start 271 00:26:44,640 --> 00:26:53,919 being more conservative if the if if that happened in terms of 272 00:26:51,840 --> 00:26:58,880 how much you would give out. I'm trying to get a sense of your thought process 273 00:26:55,840 --> 00:27:01,679 or of of your department and how if there was a ton of demand, how you 274 00:27:00,480 --> 00:27:08,880 manage that money. >> Thank you, Mayor. Um, so we are happy to 275 00:27:06,240 --> 00:27:14,960 have as many applicants as possible. Um, historically we have always budgeted 276 00:27:11,760 --> 00:27:20,720 more than we got applications for. So I feel very confident that you know we 277 00:27:17,600 --> 00:27:24,480 will be just fine. Um so with that for those who are watching and for you 278 00:27:22,240 --> 00:27:31,760 council members uh we will provide the information please come apply because we 279 00:27:28,080 --> 00:27:36,720 are able to support many many businesses and so while I can't give you a number 280 00:27:34,000 --> 00:27:40,799 what our limit is I can confidently say that we are fine and we'll be able to 281 00:27:39,279 --> 00:27:43,120 support everybody who comes and meets the requirements. 282 00:27:41,679 --> 00:27:48,240 » Okay. Well it's a good problem to have right. Um, if that's the case, I'm very 283 00:27:45,520 --> 00:27:54,159 excited about this. I know that, uh, when we're looking at, uh, economic 284 00:27:51,279 --> 00:28:00,799 development and, you know, trying to get businesses to relocate to parts of the 285 00:27:56,559 --> 00:28:05,120 city, uh, as many tools that we can have in our toolbox that that offer if we 286 00:28:03,279 --> 00:28:10,880 don't if we can't write just a big check or a big obeyance or what have you, 287 00:28:07,760 --> 00:28:15,120 being able to uh, be creative is really important. and I applaud you for for 288 00:28:13,600 --> 00:28:17,840 doing so. So, thank you. >> Thank you. 289 00:28:16,320 --> 00:28:20,960 » Thank you so much, Miss Summers Armstrong. 290 00:28:19,120 --> 00:28:27,279 » Thank you, Madam Chair, and thank you so much, Miss Bsky, um for being thoughtful 291 00:28:24,720 --> 00:28:31,520 and upgrading these um this language so that we have more inclusivity um because 292 00:28:29,679 --> 00:28:35,679 we know that businesses in the downtown area might look a little bit different 293 00:28:33,600 --> 00:28:40,240 than businesses outside the downtown area. And we like it because we're 294 00:28:37,360 --> 00:28:45,760 different and and this is exciting. My question is centered around how if we 295 00:28:43,360 --> 00:28:52,000 are giving um some matching dollars or supportive dollars, are we ensuring that 296 00:28:48,399 --> 00:28:57,840 the work that is being done meets our requirements to have small um businesses 297 00:28:55,120 --> 00:29:01,120 participating in the rehab? I think that's really important. And can you 298 00:28:59,279 --> 00:29:05,120 talk to me about if you all are enforcing that? if you are informing the 299 00:29:03,840 --> 00:29:10,799 people who are getting the money that they need to reach out to your office or 300 00:29:07,840 --> 00:29:15,679 whomever our person is to ensure that we have small business participation. 301 00:29:13,279 --> 00:29:19,760 » Yes. Thank you through you mayor. Um yes we absolutely all the requirements that 302 00:29:17,679 --> 00:29:24,320 I listed like the employment plan which I believe is what you're referring to 303 00:29:21,520 --> 00:29:29,840 for small business participation. Um so we have a con a consultant MBS uh firm 304 00:29:27,760 --> 00:29:35,360 who has been with us for a few years now. uh they assist us with when we meet 305 00:29:32,720 --> 00:29:39,440 with our applicants uh they essentially work with MBS and they get a list of 306 00:29:37,600 --> 00:29:44,480 eligible business small businesses that they should be working first uh with 307 00:29:41,840 --> 00:29:50,559 first uh to to satisfy the requirements in our programs. Um and then the grant 308 00:29:47,279 --> 00:29:55,360 itself is not reimbursed until our staff goes out and validates that whatever was 309 00:29:53,520 --> 00:30:00,640 approved in the application actually is what was delivered and then throughout 310 00:29:57,919 --> 00:30:05,679 the time that time and as well as the you know whatever follows we have the 311 00:30:03,279 --> 00:30:09,840 reporting that comes out from the uh grantee that essentially reports on 312 00:30:07,440 --> 00:30:13,600 their small business participation uh jobs creation and all of those items 313 00:30:11,440 --> 00:30:16,720 that are part of the applications. >> Thank you. If I may, mayor, one more 314 00:30:15,760 --> 00:30:25,200 question. >> Um, so we have a multi-story 315 00:30:19,840 --> 00:30:31,600 uh building downtown and the uh owner does floor number three, sweet five, and 316 00:30:29,279 --> 00:30:38,480 they enter into a five-year agreement and that business signs the lease, but 317 00:30:34,640 --> 00:30:44,399 then they for some reason pull out. What are the limits on that landlord or 318 00:30:40,960 --> 00:30:48,960 that owner coming back to redo suite number five on the third floor? Would we 319 00:30:47,360 --> 00:30:53,200 allow them to come back? Do they are they prohibited for a certain amount of 320 00:30:50,720 --> 00:30:59,919 time? I I would I just want us to make sure that we are are cognizant that this 321 00:30:56,799 --> 00:31:05,039 is not a um revolving, you know, checkbook and that um we have some 322 00:31:02,399 --> 00:31:08,399 limits on how often you can come back >> through you mayor. So yes, uh, 323 00:31:06,399 --> 00:31:14,880 Councilwoman, we have a requirement that the five lease a five lease requirement 324 00:31:11,679 --> 00:31:18,880 is required for each project or office space. So essentially, we would look at 325 00:31:16,480 --> 00:31:23,600 it that within five years, they can't necessarily come back and ask for 326 00:31:20,559 --> 00:31:28,960 another grant for that space. >> Okay, thank you so much. Is anybody else 327 00:31:26,640 --> 00:31:32,720 wishes to speak? Yes, Miss Diaz. >> Thank you, Madam Mayor. First and 328 00:31:30,240 --> 00:31:37,360 foremost, uh I want to thank Miss Babsky for really um and the EUD department 329 00:31:35,600 --> 00:31:41,679 being thoughtful receiving the feedback of our current programs and 330 00:31:39,760 --> 00:31:46,960 acknowledging that we needed to do some modernization and some improvements to 331 00:31:44,240 --> 00:31:50,720 the offerings. I know that um the tattoo shops every time we have an offering, 332 00:31:48,880 --> 00:31:55,039 they are kind of left out in the cold. And it doesn't mean that they're not a 333 00:31:52,320 --> 00:31:59,200 solid business model contributing uh to our communities and in our business 334 00:31:56,720 --> 00:32:02,720 districts. It's just for some reason they were never included and they were 335 00:32:00,880 --> 00:32:08,320 always excluded and it's kind of nice for them to have parody. 336 00:32:04,960 --> 00:32:16,880 Um I did want to ask about what does success look like for the pilot that 337 00:32:11,919 --> 00:32:21,360 we're launching um for the VIP the CVIP where we're not going to require 338 00:32:18,480 --> 00:32:25,919 matching funds from um the folks that are going to be investing in a conver 339 00:32:23,200 --> 00:32:31,600 commercial improvement um especially exterior. So what are we looking here 340 00:32:27,840 --> 00:32:37,039 just to see if um I I understand what the vision is behind um doing the the 341 00:32:34,399 --> 00:32:40,080 investment without the m matching funds >> through you mayor. Thank you councilman 342 00:32:38,320 --> 00:32:44,559 for your question. Uh let me give you a little more background how we came up 343 00:32:41,760 --> 00:32:49,519 with the idea of the pilot. So when we looked at all of the incentives that we 344 00:32:46,799 --> 00:32:54,559 have done in the last few years uh geographically right the historic west 345 00:32:51,760 --> 00:33:00,000 side uh scored the low the lowest in terms of applications coming in uh like 346 00:32:57,200 --> 00:33:03,600 really really low and so the idea was you know kind of what what were the 347 00:33:01,760 --> 00:33:08,799 limitations? Why were we not seeing anything? And so, uh, after obviously 348 00:33:06,559 --> 00:33:14,399 speaking with businesses, uh, with the community, the match, which, uh, the 349 00:33:12,720 --> 00:33:19,840 match was what kind of holding people back, right? $25,000 is not easy to come 350 00:33:16,960 --> 00:33:24,559 up with. And so, the the goal of a targeted area in general, what we would 351 00:33:22,080 --> 00:33:28,720 consider a t I would say focused area, not a targeted area, is essentially 352 00:33:26,799 --> 00:33:33,519 looking at, you know, where incentives even have being available are not being 353 00:33:30,960 --> 00:33:39,279 utilized. And so that's kind of where we came up with the pilot. Um I am hoping 354 00:33:36,640 --> 00:33:43,120 that you know a year from now uh we'll see you know how many applications we'll 355 00:33:41,360 --> 00:33:48,159 get, how many businesses will actually do the work to um you know to uplift 356 00:33:46,240 --> 00:33:52,159 their businesses, move in and you know start their businesses there. And I 357 00:33:50,320 --> 00:33:55,360 don't have a set number in mind to really define success because we just 358 00:33:53,679 --> 00:34:00,799 don't have any historical data in that area really. And so, um, what I'd like 359 00:33:58,720 --> 00:34:05,360 to do is I can update everyone quarterly and see how we're doing. And then, you 360 00:34:02,880 --> 00:34:09,679 know, after a year of collecting data, it'd be easier to kind of set the goal 361 00:34:07,360 --> 00:34:13,520 for success. Right now, we just want to get something going. 362 00:34:11,839 --> 00:34:20,960 » I appreciate it. I think that it'll be helpful to glean from the impact that it 363 00:34:16,320 --> 00:34:25,200 will have um in W five to then see if it would be suitable for other parts of the 364 00:34:22,960 --> 00:34:29,359 city as well. So, um, that's why I asked. And the last one was that since 365 00:34:26,800 --> 00:34:34,000 the tenant improvement one is new, I just want to make clear then that this 366 00:34:31,119 --> 00:34:39,599 one is I think traditionally are most of the funds were applied for by the 367 00:34:37,200 --> 00:34:44,000 building owner, the property owner, not so much the tenant. Um, some in some 368 00:34:42,480 --> 00:34:48,720 cases it is the tenant because they're doing the the the overhaul of the 369 00:34:45,839 --> 00:34:53,040 building, but I would say 75% of the time sometimes it is the property owner 370 00:34:50,399 --> 00:34:57,599 asking for for the funds back or the matching funds. So in the tenant 371 00:34:55,200 --> 00:35:02,160 improvement one that then the people going to lease the space for up at least 372 00:35:00,400 --> 00:35:05,040 five years are the ones that are the applicants. Correct. 373 00:35:03,920 --> 00:35:10,160 » Uh through you mayor. Thank you counciloman. Uh both actually. So the 374 00:35:07,920 --> 00:35:14,800 building owner can apply for individual space like a you know separated office 375 00:35:12,800 --> 00:35:19,040 space as well as the tenant that's moving in can also apply not together 376 00:35:16,960 --> 00:35:22,560 not for the same grant. Uh but if say the building owner doesn't want to, the 377 00:35:20,880 --> 00:35:26,800 applicant can apply but the building owner has to agree. 378 00:35:24,320 --> 00:35:33,760 » Okay. So there has to be communication there between both parties. And then um 379 00:35:30,480 --> 00:35:39,520 just wanted to be clear then um if there's a building that has multiple 380 00:35:35,839 --> 00:35:43,760 stories or multiple offerings of suites, that's why the incentive can apply more 381 00:35:41,359 --> 00:35:46,480 than once to a a building. Correct. >> That's correct. 382 00:35:44,400 --> 00:35:51,920 » Okay. Thank you very much, Miss Babsky. >> Thank you so much. Any other questions? 383 00:35:48,880 --> 00:35:57,760 In that case, I will entertain a motion. Mayor Prom for item six. 384 00:35:55,200 --> 00:36:02,760 » Madame Mayor, move to approve item six. >> Please vote. 385 00:35:59,760 --> 00:36:02,760 Post. 386 00:36:04,880 --> 00:36:07,880 Post. 387 00:36:11,599 --> 00:36:19,480 » Okay. Motion passes. And item seven. >> Move to approve. Please vote. 388 00:36:20,720 --> 00:36:29,040 Oops. There we go. Post. 389 00:36:26,320 --> 00:36:33,800 Motion passes. Item number eight. >> Move to approve. 390 00:36:30,480 --> 00:36:33,800 » Please vote. 391 00:36:34,800 --> 00:36:41,520 Post. Motion passes. And item number nine. 392 00:36:40,079 --> 00:36:46,720 » And move to approve. >> Please vote. 393 00:36:44,720 --> 00:36:52,680 Post. Motion carries. Thank you, Miss Babsky. 394 00:36:49,520 --> 00:36:52,680 » Thank you. 395 00:36:52,720 --> 00:36:58,040 » Okay, we'll now move to item number 10. 396 00:37:01,359 --> 00:37:08,960 Discussion for possible action to amend the city of 397 00:37:06,240 --> 00:37:13,599 Las Vegas redevelopment plan for the downtown Las Vegas redevelopment area 398 00:37:11,839 --> 00:37:19,200 and commonly referred to as redevelopment area number one. It 399 00:37:16,240 --> 00:37:23,040 affects wards one and five, Miss uh Mr. Kudson and Miss Summers Armstrong. Miss 400 00:37:21,599 --> 00:37:26,160 Babsky. >> Yes. Thank you, mayor. Uh council 401 00:37:24,800 --> 00:37:30,000 members, Dina Babsky, director of economic and urban development. I'd like 402 00:37:28,320 --> 00:37:36,480 to uh before I move on to the presentation um to request your approval 403 00:37:33,599 --> 00:37:42,079 of our um amendment to the redevelopment plan for area one. Um I want to mention 404 00:37:39,280 --> 00:37:46,320 that this the RDA has actually done this already four times since the 405 00:37:44,400 --> 00:37:54,640 redevelopment area was established back in 1986. We amended the plan in 88 96 406 00:37:51,520 --> 00:37:58,640 2006 and the last time in 2015. And by that uh the amendment means we adding 407 00:37:56,720 --> 00:38:03,200 additional parcels that are eligible uh into the area. So it's time we do it 408 00:38:01,200 --> 00:38:08,000 again. The two parcels that we uh or the two 409 00:38:05,680 --> 00:38:12,480 areas that we would like to uh amend or to include into the plan are highlighted 410 00:38:10,079 --> 00:38:16,880 on the map below, but I'm going to go into more detail about each one of them. 411 00:38:14,720 --> 00:38:22,400 So this is the former Grand Sawyer site, the old state building. Um as you can 412 00:38:19,280 --> 00:38:27,359 see, it is literally like a donut hole. uh all of the redevelopment area is all 413 00:38:24,800 --> 00:38:31,040 around it. Uh and there's reason why it wasn't included back when the 414 00:38:28,880 --> 00:38:35,119 redevelopment area was initially created and through all of the other amendments. 415 00:38:33,040 --> 00:38:39,200 Um it was a state building, stateowned property. So uh essentially at that time 416 00:38:37,760 --> 00:38:43,920 we thought it was going to be a state building for I don't know years to come, 417 00:38:41,920 --> 00:38:47,839 decades to come. So there was no reason it wasn't part of our redevelopment 418 00:38:45,520 --> 00:38:53,440 plan. And now that we know that the state is now um selling the site uh or 419 00:38:51,359 --> 00:38:57,119 is trying to sell the site, of course the plans have changed and we would like 420 00:38:55,200 --> 00:39:01,920 to now include this because it completely aligns with the redevelopment 421 00:38:59,280 --> 00:39:06,000 uh area plan that we currently have. Um and you know its future development is 422 00:39:03,760 --> 00:39:11,200 going potentially be dependent on some of the redevelopment agency support that 423 00:39:07,839 --> 00:39:14,880 we could provide. Um it's 22.7 acres built in 95 and it identifies the 424 00:39:13,760 --> 00:39:19,440 surrounding area as a prime redevelopment area. And then the second 425 00:39:17,040 --> 00:39:24,320 site is the former uh Grace Church pres Grace pres Presbyterian Church site in 426 00:39:21,760 --> 00:39:27,839 the medical district. Um as you can see another donut hole. We have 427 00:39:25,599 --> 00:39:31,359 redevelopment areas all around on the north and the west and of course moving 428 00:39:29,760 --> 00:39:35,440 to the east that you can see on the high uh over the highway. Um but for the 429 00:39:33,760 --> 00:39:39,599 similar reasons we thought it was going to be a church site for many many years. 430 00:39:37,760 --> 00:39:44,240 uh it wasn't really you know as a church site it wasn't planned to be redeveloped 431 00:39:41,520 --> 00:39:47,599 but now that the state end specifically is trying to sell the site we envision 432 00:39:46,480 --> 00:39:52,480 that this is going to be a great redevelopment area opportunity so that's 433 00:39:50,000 --> 00:39:57,680 the uh the second one that we'd like to include it is almost 5 acres uh and just 434 00:39:55,520 --> 00:40:00,400 like the grand sawer site it really identifies as the medical district and 435 00:39:59,280 --> 00:40:05,280 surrounding area as a prime redevelopment area um if approved today 436 00:40:03,599 --> 00:40:08,640 uh the redevelopment agency which is today we're holding the public hearing 437 00:40:06,880 --> 00:40:13,440 it was posted in the review journal for a couple of weeks. Um if again if we get 438 00:40:11,119 --> 00:40:16,800 your approval today, we will then uh post in the review journal again for 439 00:40:15,040 --> 00:40:21,040 another two weeks to announce another public hearing at the city council 440 00:40:18,560 --> 00:40:25,839 meeting on February 4th. Um at which time uh we'll present the recommendation 441 00:40:23,119 --> 00:40:30,079 of this board to the city council board. Um and hoping that you know at that time 442 00:40:28,640 --> 00:40:33,680 we'll have the first hearing of the ordinance because in order to amend the 443 00:40:31,599 --> 00:40:37,119 plan we have to amend the ordinance and with the second hearing being on 444 00:40:35,040 --> 00:40:39,760 February 18th. Happy to answer any questions. 445 00:40:37,599 --> 00:40:46,640 » Thank you. Are there any agency members that have a question or comment? 446 00:40:43,440 --> 00:40:50,400 » Seeing none, um, uh, is there a motion? Councilman Kudson. 447 00:40:48,880 --> 00:40:54,079 » Thank you very much, Dean. I appreciate everything you're doing to help 448 00:40:51,839 --> 00:40:57,920 revitalize our downtown. And I will move to approve. 449 00:40:55,760 --> 00:41:00,920 » Please vote. Post. 450 00:41:02,880 --> 00:41:10,520 » Post. Motion carries. >> Thank you. Agenda item 11, RA-5-2026, 451 00:41:10,560 --> 00:41:17,760 discussion for possible action regarding a resolution finding the agency 452 00:41:15,359 --> 00:41:25,040 reimbursement agreement between the city of Las Vegas redevelopment agency and 453 00:41:21,040 --> 00:41:29,200 same page LLC concerning certain tenant improvements in connection with the 454 00:41:27,200 --> 00:41:35,760 retail lease between the city of Las Vegas and tenant for certain space at 70 455 00:41:32,480 --> 00:41:40,160 East Bonavville Avenue Sweet 150. It's in the best interest of the public is in 456 00:41:38,240 --> 00:41:45,359 compliance with and in furtherance of the goals and objectives of the city of 457 00:41:42,640 --> 00:41:51,119 Las Vegas downtown master plan and authorizing the execution of the 458 00:41:47,280 --> 00:41:57,280 agreement by the agency $1 million RDA special revenue fund redevelopment area 459 00:41:54,319 --> 00:42:03,359 one ward 3 Miss Dios please note this item is related to council items 36 460 00:42:00,640 --> 00:42:09,694 R-6-2026 37 and 38 R7- 461 00:42:07,599 --> 00:42:09,694 R-7-2026. [snorts] 462 00:42:10,160 --> 00:42:14,319 Miss Babsky. >> Thank you, Mayor, City Council members. 463 00:42:13,119 --> 00:42:18,640 Uh, this one going to be a short presentation because we want to save the 464 00:42:16,640 --> 00:42:22,880 big presentation with the detail for the council meeting. Uh, but essentially, 465 00:42:20,480 --> 00:42:28,400 it's a reimbursement agreement with our future tenant uh in Civic Plaza for a 466 00:42:26,480 --> 00:42:33,920 new restaurant. It is in the amount of $1 million uh with 300,000 of it being 467 00:42:31,359 --> 00:42:37,520 reimburseable through the um amortized period of the lease. Um again, I'd like 468 00:42:36,160 --> 00:42:41,760 to show the renderings during the council meeting uh and um get you all 469 00:42:40,319 --> 00:42:47,040 excited because it's going to be a wonderful wonderful location for us uh 470 00:42:44,000 --> 00:42:51,280 to visit and gather. Um and I do want to mention that the the approval of this 471 00:42:49,200 --> 00:42:56,400 reimbursement agreement is contingent upon the approval of the actual lease. 472 00:42:54,800 --> 00:43:02,160 » All right. Thank you so much. Are there any questions from agency members? 473 00:43:00,240 --> 00:43:05,920 Seeing none, is there a motion? Councilwoman Diaz. 474 00:43:04,079 --> 00:43:11,520 » Thank you, Madame Mayor. And, uh, just for, uh, my information, the initial 475 00:43:09,040 --> 00:43:14,880 lease is being signed for how long? >> The initial Thank you, uh, through you, 476 00:43:13,119 --> 00:43:18,560 Mayor. The initial lease is 12 years with two options, five years each. 477 00:43:16,800 --> 00:43:22,480 » Okay, awesome. Thank you so much. Um, we're all, I think, looking forward to a 478 00:43:20,400 --> 00:43:26,319 new offering. I think we're all foodies and we're always trying to go somewhere 479 00:43:24,560 --> 00:43:29,440 quick to grab grab a bite. So, we're looking forward to this new offering in 480 00:43:27,920 --> 00:43:36,680 our neighborhood. So, with that, I move to approve agenda item 11. Please vote. 481 00:43:33,680 --> 00:43:36,680 » Post. 482 00:43:36,755 --> 00:43:44,160 [clears throat] Motion carries. Thank you, Miss Babsky. 483 00:43:40,720 --> 00:43:48,720 » Agenda item 12, citizen participation. Public comment during this portion of 484 00:43:46,079 --> 00:43:53,359 the agenda must be limited to matters within the jurisdiction of the 485 00:43:50,240 --> 00:43:58,720 redevelopment agency. No subject may be acted upon by the redevelopment agency 486 00:43:56,400 --> 00:44:03,280 unless that subject is on the agenda and is scheduled for action. If you wish to 487 00:44:01,200 --> 00:44:07,920 be heard, come to the podium, give your name for the record. The amount of 488 00:44:05,200 --> 00:44:13,359 discussion on any single subject as well as the amount of time any single speaker 489 00:44:10,240 --> 00:44:17,760 is allowed may be limited. It will limit it to one minute. Is there anyone 490 00:44:15,839 --> 00:44:24,240 wishing to speak under this portion of the agenda? 491 00:44:20,480 --> 00:44:29,760 Seeing none, uh this redevelopment agency meeting is adjourned. We will 492 00:44:27,280 --> 00:44:32,760 start our city council meeting in five minutes. 493 00:44:34,480 --> 00:44:37,480 Okay.