[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
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[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.