WEBVTT 1 00:00:00.000 --> 00:00:05.038 What has to be a time period to be complete for the sale of new parcel. 2 00:00:05.038 --> 00:00:09.478 So, the 1 adjacent to what was formally. 3 00:00:09.478 --> 00:00:15.628 And that will be finished by January 31st. 4 00:00:15.628 --> 00:00:22.649 Bob, and Melanie have all the documents ready. They're just waiting on the final title. 5 00:00:22.649 --> 00:00:30.089 From the title company, the title search and so we're hoping that we can sell that parcel. 6 00:00:30.089 --> 00:00:35.789 In the 1st, part of February, if not even February. 1st, so we're trying to get that done. 7 00:00:35.789 --> 00:00:39.600 As quickly as possible that over the notice. 8 00:00:39.600 --> 00:00:45.149 Pardon me? Is that the 90 days is the notice correct? 9 00:00:45.149 --> 00:00:54.750 Okay, and that and that notice expires on January 31st that would be the day the 90 days has passed. So we would have to reach that date before we could close. 10 00:00:56.759 --> 00:01:04.890 Any feedback from oh, this is Bob Murray no, none that I'm a nothing. 11 00:01:04.890 --> 00:01:11.099 Steve, okay. 12 00:01:11.099 --> 00:01:19.950 So, we are looking to try to close as soon as possible on, um, what we call new parcel. 13 00:01:19.950 --> 00:01:23.340 Um. 14 00:01:23.340 --> 00:01:32.939 We did get, um, we did get the appraisal. Okay. 15 00:01:34.379 --> 00:01:39.689 We did get the appraisal for the dsa 1 area. 16 00:01:39.689 --> 00:01:45.870 And we're looking it over as a team, and we just want to talk to the appraiser. 17 00:01:45.870 --> 00:01:53.609 Um, about some of the numbers and so we'll be able to share that back with you at the February board meeting. 18 00:01:53.609 --> 00:02:04.560 Anything else on on and then on dsa 1 I think that's the that's really the update is that we're trying to finalize the appraisal. 19 00:02:04.560 --> 00:02:10.650 Any anyone else have anything to add with that. 20 00:02:10.650 --> 00:02:18.449 No, they the only thing I'm meeting with their design team, they, um. 21 00:02:18.449 --> 00:02:28.169 They, uh, you know, I recommended, but the questions they had, and the G technical that they executed technical study themselves. 22 00:02:28.169 --> 00:02:33.599 And they got a proposal from and I think. 23 00:02:33.599 --> 00:02:36.719 They'll be going forward with that proposal. 24 00:02:36.719 --> 00:02:43.110 For g, technical services, and I've got to close the loop with Melanie. We have an access agreement. 25 00:02:43.110 --> 00:02:47.610 That that needs to be executed before, uh. 26 00:02:47.610 --> 00:02:50.669 You know, they get on site with a, with a. 27 00:02:50.669 --> 00:02:53.879 The the drill room and and do the work. So. 28 00:02:55.229 --> 00:03:02.879 I would imagine this I imagine visions the design team would be out there or the G technical subcontractor. 29 00:03:02.879 --> 00:03:08.520 Next week or the following week, something, you know, within the next couple of weeks, anyway. 30 00:03:10.740 --> 00:03:14.430 Okay, thanks Paul. Yep. 31 00:03:14.430 --> 00:03:18.599 Um, the. 32 00:03:19.104 --> 00:03:20.844 On a staying on the harbor side, 33 00:03:20.875 --> 00:03:21.294 um, 34 00:03:21.324 --> 00:03:35.275 the team working with architects working with and Rob ash are continuing to have answer design they're sharing some of that with us to look at and it's looking great and exciting. 35 00:03:35.275 --> 00:03:37.735 So that continues to move forward. 36 00:03:38.129 --> 00:03:43.710 Um, as well, um, we don't have, you know, we don't have a, um. 37 00:03:43.710 --> 00:03:55.469 A potential closing date with that yet, but we are, uh, Melanie and Bob, we're putting all sort of the pieces in place so that when we're ready to sell, we'll be able to get that purchase sale agreement together. 38 00:03:55.469 --> 00:04:03.330 So, that's also moving forward and then over on the, um, grid side. 39 00:04:04.134 --> 00:04:12.384 We had shared with you before the multi purpose fields, and the city has allocated. Some of their pivot relief. 40 00:04:12.384 --> 00:04:26.725 The RPO money is the acronym to the field construction and we're working with Brian and his staff to begin the schematic design of those fields over there. 41 00:04:26.725 --> 00:04:32.394 So, that 2 will be advancing on the, on the grid side, in terms of design the schematic design. 42 00:04:35.879 --> 00:04:40.678 Um, that is really. 43 00:04:42.329 --> 00:04:48.209 The updates that we had, unless Paul, Bob, Melanie Vin have anything else to add. 44 00:04:50.639 --> 00:04:55.139 I'll just mention on the new parcel. 45 00:04:55.139 --> 00:05:01.439 1 of the change orders that was done was fill the old archives property fulfilling. So. 46 00:05:01.439 --> 00:05:06.389 That was the last work that was done under the prior 182 grant. 47 00:05:06.389 --> 00:05:11.129 So that's all filled and obviously, that was 1 of the things that needed to happen before the, uh. 48 00:05:11.129 --> 00:05:22.798 Property was transferred, um, the site was resecured so if you drive down the end to the end of wells, and you'll see, you know, all the fences back in place, everything is secured. 49 00:05:22.798 --> 00:05:26.788 On that end of the of the job site as well. Um. 50 00:05:26.788 --> 00:05:34.319 And 1 of the other notices that we had to put in was with D. C change the views that was that went in as well. 51 00:05:34.319 --> 00:05:39.749 Ah, so D C has been notified a portion of that new parcel. 52 00:05:39.749 --> 00:05:45.838 Is, um, on lands that have a site management plan. 53 00:05:45.838 --> 00:05:50.098 From D. C. so a partial land. 54 00:05:50.098 --> 00:05:59.788 Unless it gets, you know, re, less USA, 1, gets the boundaries, get redrawing, which it potentially could, I suppose but until such thing happens the, uh. 55 00:05:59.788 --> 00:06:04.199 A portion of that land, it will be under the, uh, you know, site management plan. 56 00:06:04.199 --> 00:06:07.259 Which doesn't mean a lot other than. 57 00:06:07.259 --> 00:06:22.074 Um, it's, there's rules about what you can do, you know, what, how you go about excavation and the property and how you go about bringing in a new fill to the property it has to be under in being compliance with this particular plan. But. 58 00:06:23.309 --> 00:06:27.389 It's not too prohibitive. 59 00:06:29.488 --> 00:06:33.028 And we're, um, are we talking tomorrow too with, um. 60 00:06:33.028 --> 00:06:37.199 Oh, yeah and and on national grid yes. 61 00:06:37.199 --> 00:06:44.908 Yeah, so thanks for bringing that up. Yeah, so, yeah, there is a meeting tomorrow with national grids. 62 00:06:46.379 --> 00:06:51.298 Technical team and their consultant relative to dredging depths. 63 00:06:51.298 --> 00:07:00.778 Um, they've, they that, uh, so National grid has had, uh, standing questions is relative to. 64 00:07:00.778 --> 00:07:04.588 You know what? The navigational depth should be. 65 00:07:04.588 --> 00:07:10.139 You know, in that in the branch section of the harbor. 66 00:07:10.139 --> 00:07:15.298 Um, so to me, that was a canal. 67 00:07:15.298 --> 00:07:18.899 Question really, and, uh, you know, the, the, um. 68 00:07:18.899 --> 00:07:22.889 You know, the intention of the is obviously to bring in barges. 69 00:07:22.889 --> 00:07:29.939 You know, at some point for entertainment barges dinner Bruce BART is, uh. 70 00:07:29.939 --> 00:07:33.749 Historic barges for showcase. 71 00:07:33.749 --> 00:07:41.519 So, you know, there there there is times when some larger vessels would come through there. So, to me, I, I, I. 72 00:07:41.519 --> 00:07:44.519 As the National grid, if they would include. 73 00:07:44.519 --> 00:07:49.978 Can add to that conversation and they agreed and so, uh. 74 00:07:49.978 --> 00:07:54.298 Joe Maloney from the canal was supposed to join the call. 75 00:07:54.298 --> 00:08:01.108 Tomorrow on the on that conversation of as far as dredge depths in the branch of the harbor. 76 00:08:01.108 --> 00:08:10.468 I don't know if Diane, you know, as much if you've had any information on that, Diane, or knew about that, but that there is a meeting tomorrow on the topic. 77 00:08:10.468 --> 00:08:15.928 Nope, I just got back in on this, so I don't know anything about that. 78 00:08:15.928 --> 00:08:19.439 Okay, okay. 79 00:08:19.439 --> 00:08:31.709 And then, actually, I forgot probably the biggest news of all is in the governor's state of the state, the harbor was specifically mentioned I don't know if everybody saw that, but it's certainly very exciting. Wonderful. 80 00:08:31.709 --> 00:08:38.038 Yeah, it really has to be. Did they mention the name the mayor's name to. 81 00:08:38.038 --> 00:08:42.418 I did not say mayor, Robert Paul, Mary, he should have. 82 00:08:42.418 --> 00:08:45.538 He's going to be he's going to be very disappointed. 83 00:08:45.538 --> 00:08:57.568 So, in summary everything's moving forward, right? According to plan it's really just kind of a timing thing with the winner here. 84 00:08:57.568 --> 00:09:02.639 To move forward with some construction and some of that other stuff was that correctly. So. 85 00:09:02.639 --> 00:09:12.149 Correct yes, everything is moving forward and hopefully in February we'll be able to meet in person and we'll provide more updates then. 86 00:09:13.589 --> 00:09:22.048 What is the status discussions with national grid on conveyance of their properties that are being looked at for multi purpose fields? 87 00:09:23.339 --> 00:09:30.509 Question Yep, we haven't had much discussions beyond the meeting with. 88 00:09:30.509 --> 00:09:36.599 Alberto tomorrow. Bye. Bye. Bye. 89 00:09:36.599 --> 00:09:44.038 I think we, we need to continue to have those discussions, so I don't think we've advanced much Steve since since those discussions with. 90 00:09:44.038 --> 00:09:55.528 With Alberto well, and then Tom is just announced his retirement and so Diane who's was with us now is back with us is on the phone today. So. 91 00:09:55.528 --> 00:10:04.859 Dan, we did have a meeting with Alberto and Tom and others. Um, and I have those meeting notes I can forward to you, but, uh, we should, um. 92 00:10:04.859 --> 00:10:09.688 Get back in contact with each other and set up a follow up meeting. 93 00:10:09.688 --> 00:10:17.399 Legal for national grid, it's looking at and looking at the real estate side and how they convey property. 94 00:10:18.839 --> 00:10:23.219 Is this the grid identified a person within their legal team? 95 00:10:24.568 --> 00:10:29.729 Wait a minute. 96 00:10:29.729 --> 00:10:39.899 Yeah, was it if it's the same person that we've been working with it I believe it's like Ben Weitzman. 97 00:10:39.899 --> 00:10:45.119 Is that right? Dan? No that would have been Ben and he left the company. 98 00:10:45.119 --> 00:10:51.479 Of the company, so we'll have to get an answer to that. 99 00:10:51.479 --> 00:10:56.849 So, you need to put these in an email to me, I have not. 100 00:10:56.849 --> 00:11:04.558 I have not had any transitional knowledge. Um, I just got on this call today so please send that to me and I can. 101 00:11:04.558 --> 00:11:07.619 Try to get myself up to speed and then talk to Alberto. 102 00:11:08.698 --> 00:11:18.208 Okay, any other questions you got for national grid that we should have on that email. 103 00:11:24.359 --> 00:11:27.359 Maybe some type of estimate time on. 104 00:11:27.359 --> 00:11:31.288 Want to make a decision here. I mean, we've been doing this for 4 years. 105 00:11:32.369 --> 00:11:38.548 7, this property is the property is, is held up. 106 00:11:38.548 --> 00:11:45.269 That is held up with the, the rod, right? The record of decision for the clean up. 107 00:11:45.269 --> 00:11:50.188 I don't know what we're talking about here. Well, the, um. 108 00:11:50.188 --> 00:11:53.999 And I don't, I don't, I guess I don't need to be sworn at. I'm just yeah. 109 00:11:53.999 --> 00:11:59.788 Where are you, honey? Oh, I just said it's bullshit that we've waited this long. 110 00:11:59.788 --> 00:12:02.849 Um, Diane. 111 00:12:02.849 --> 00:12:09.749 There was 2 things, um, the, you know, the, the waste bed area that the cap area. 112 00:12:09.749 --> 00:12:15.749 Which was for sale once, or for, you know, up for long term leases at 1 point. 113 00:12:15.749 --> 00:12:24.958 Was there was an issue with regard to the there was a questions from DC that had to be resolved before it can be offered again. 114 00:12:24.958 --> 00:12:28.379 Um, so there's, there's that. 115 00:12:28.379 --> 00:12:34.589 But then of higher, you know, of of what we raised in a meeting with Alberto was. 116 00:12:34.589 --> 00:12:45.144 The land in front of the, or south of the, you know, Parthenon or the old demonstration building is a key site for critical. 117 00:12:45.144 --> 00:12:51.624 You know, the probably the most important multi field area that we wanted to incorporate into the design. 118 00:12:52.469 --> 00:12:56.668 And that's an area that, you know, has not been. 119 00:12:56.668 --> 00:13:06.839 You know, there's very little contamination and no contamination in the area. So we're hoping that national grid can can work with us to break that area out. 120 00:13:06.839 --> 00:13:14.489 Is a long term lease and some of the conversations in that meeting, uh, Diane were. 121 00:13:14.489 --> 00:13:24.869 If that if we can work in partnership, the, um, the National grid needed some lay down areas for the substation. 122 00:13:24.869 --> 00:13:32.999 And some of the other lands might could be used for that purpose. Uh, you know, we'd have to look at the timing of schedule the projects. 123 00:13:32.999 --> 00:13:43.318 But it looked like we could work together to make sure that the substation and the Maltese fields, and everything could be built, you know um. 124 00:13:43.318 --> 00:13:46.918 More or less within the same construction period. 125 00:13:46.918 --> 00:13:56.038 You know, okay, I will, uh, so the basic question is, does net has national grid come to. 126 00:13:56.038 --> 00:14:00.658 A decision that they can negotiate direct, negotiate directly. 127 00:14:00.658 --> 00:14:06.568 And exclusively with this city, for the convenience or long term ground lease interest. 128 00:14:06.568 --> 00:14:12.418 In his property, or is this going to have to go out to some type of RFP? 129 00:14:12.418 --> 00:14:22.259 And the harbor is going to have to compete for it, you know, the environmental stuffs, the environmental stuff. That's a process. Like, the real question is. 130 00:14:22.259 --> 00:14:32.938 As national grid made a decision that it, it sees the bigger picture and is willing to enter into discussions on how property gets conveyed over to the harbor. 131 00:14:34.438 --> 00:14:41.698 So, I'm that Steven, just I just brought up my notes for our meeting with them. And what Alberto and I'll send these to you Diane. 132 00:14:41.698 --> 00:14:51.359 With Roberto had stated when we met in October with them, um, is that there's 3 screens that Greg uses when disposing of property. 133 00:14:51.359 --> 00:14:59.489 I won't go through 3 all 3 of them, but the, the 1 that he wants to focus on is compliance with PSC section 70. 134 00:14:59.489 --> 00:15:08.278 That says that states that have grid of property over 100,000 dollars, then have to do a market test for the public interest. 135 00:15:08.278 --> 00:15:13.859 And he's saying it, um, it's the public interest that we can be focusing on. 136 00:15:13.859 --> 00:15:19.139 And that could be the focus of say, the mayor and or the governor to advocate for. 137 00:15:19.139 --> 00:15:33.448 So, we're not there yet, but the next 1 of the next steps, as we said to set up a call with grid's attorneys on those 3 screens for property disposition. So that's the very what you just stated as the next is the conversation. We've been trying to have and get an answer. 138 00:15:33.448 --> 00:15:39.208 Alberto shed some light on it when we met in October, but we need to continue that conversation. 139 00:15:39.208 --> 00:15:43.918 You can't get any more public than public recreational fields. Correct? 140 00:15:43.918 --> 00:15:51.149 So, I would, I would recommend that we find out who. 141 00:15:51.149 --> 00:15:54.269 I mean, you know, I know Alberto, but, I mean. 142 00:15:54.269 --> 00:16:01.349 Well, what grid from a legal standpoint is been assigned this and can provide guidance in terms of how. 143 00:16:01.349 --> 00:16:04.918 A transaction could be structured. Mm. Hmm. 144 00:16:04.918 --> 00:16:08.249 It's not that complicated. Mm. Hmm. 145 00:16:08.249 --> 00:16:12.448 Hello. 146 00:16:12.448 --> 00:16:20.188 Okay, at least you're going to send that out in an email. 147 00:16:20.188 --> 00:16:23.219 Yes, um. 148 00:16:23.219 --> 00:16:32.639 I guess so Diane will obviously have you on the email, but we have been also communicating with Alberto. So I'm going to keep him on that email chain as well. 149 00:16:32.639 --> 00:16:40.558 I would do that. Yep, absolutely. Yeah. All right. And, um, you know, at that meeting, we had, um. 150 00:16:40.558 --> 00:16:45.958 Also, Bryan Stearns there and the rest was the team in the city. 151 00:16:45.958 --> 00:16:49.678 Yep, put keep Brian on it as well. Okay. 152 00:16:57.778 --> 00:17:06.179 Alright, anything else? Lisa Paul? No, I don't think so. On our end. 153 00:17:07.469 --> 00:17:12.989 All right, um, as everybody had a chance to review the budget. 154 00:17:21.148 --> 00:17:24.269 Yep. Okay. 155 00:17:24.269 --> 00:17:32.608 So, Jack, do you want to walk us through it? Defer to Paul? I don't have it in front of me, right at this moment. 156 00:17:32.608 --> 00:17:36.509 Crafted most of it, we did convert this time. 157 00:17:36.509 --> 00:17:40.409 Interest and some of the other charges that we expect. 158 00:17:40.409 --> 00:17:43.528 Coming up so, Paul, do you want to. 159 00:17:43.528 --> 00:17:48.479 I've kept it really simple because. 160 00:17:48.479 --> 00:18:01.348 You know, the, uh, recently the Controller's office has been auditing the, and had some comments in the prior budgeting. And actually there was 1 aspect of the budget. 161 00:18:01.348 --> 00:18:09.929 That where it seems like we're overcomplicating. So I was trying to, in prior budgets we tried to show some of the. 162 00:18:09.929 --> 00:18:16.588 Mbt financing revenue, financing as revenue and basically. 163 00:18:16.588 --> 00:18:28.048 That I guess the better practice in this case is not show it that way. So it's relatively, very simple here then you know what I've assumed. So, if you start from the. 164 00:18:28.048 --> 00:18:31.798 The left column there on the, uh, the, uh. 165 00:18:31.798 --> 00:18:35.159 The budget line, and Jack looks like I missed the. 166 00:18:35.159 --> 00:18:41.159 Before you send it in there, it says 222 2021 budget and the upper left there. 167 00:18:41.159 --> 00:18:48.598 We need to my dad, we'll fix that. Um, but the, uh, uh, uh. 168 00:18:48.598 --> 00:18:54.509 Other operating revenues then, is it to 2.2Million? We're just assuming that within between. 169 00:18:54.509 --> 00:19:00.058 April 1st, 2023. I'm sorry 2022, which is the. 170 00:19:00.058 --> 00:19:04.588 Start of this fiscal year to March 31st 2000. 171 00:19:04.588 --> 00:19:17.429 23 that There'll be 2 property sales of 1 of about 1.5Million the other about 700,000 or so, you know so about 202.2000. 172 00:19:17.429 --> 00:19:31.259 Of property sales so that's in that, uh, that 1 line and then, uh, state subsidies and grants. We've assumed, um, there's an assumption here that the. 173 00:19:31.259 --> 00:19:39.598 The will receive a new grant, um, for the marina and for the DSC 1 an entrance road. 174 00:19:39.598 --> 00:19:43.138 You don't know what the value of that grant is, but, um. 175 00:19:43.138 --> 00:19:46.769 For right now we've just, um. 176 00:19:46.769 --> 00:19:55.558 Assume that 1.8 about 1.8Million of that grant whatever it is, will be spent during this time period. 177 00:19:56.273 --> 00:20:01.673 And, uh, so the, the number you see there, 1.357531557500 is 75% of the 1.010. 178 00:20:11.338 --> 00:20:18.689 Number you see on the right column so it's, it's assuming of that number of the dollars spent in that fiscal year. 179 00:20:18.689 --> 00:20:22.169 About 75% of that's coming back. 180 00:20:22.169 --> 00:20:27.269 And it's not, you know, the, the, we, um. 181 00:20:27.269 --> 00:20:33.388 It's, it's, there's no magic and then number just assumed that, you know, that's the portion coming back. Um. 182 00:20:33.388 --> 00:20:40.709 For the purposes of the budget, you know, timing wise, it might not I'll come back, um. 183 00:20:40.709 --> 00:20:51.088 In that time, period, there's retainage, et cetera. So I'm just using 75 is I'm not sure if it's conservative more than that's just I think it's probably realistic. 184 00:20:51.088 --> 00:20:57.118 Um, so that's the total revenues between the land sales and grant. 185 00:20:57.118 --> 00:21:06.298 Grant subsidies sent grants amounts coming back in, on the expenditure side. The cost side, um. 186 00:21:06.298 --> 00:21:11.128 These are the numbers that Jack help put together we've, we figure there's about. 187 00:21:11.128 --> 00:21:17.338 A 78,000 in professional services uh, well, auditing insurance. 188 00:21:17.338 --> 00:21:23.999 In Council, that's not covered under the grants so that's the 78,000. 189 00:21:23.999 --> 00:21:32.759 You see, again, the 1.10 that's like 1.81Million. That's the amount of spending under the grant. 190 00:21:32.759 --> 00:21:45.598 Uh, then you see payment on principal loans, we're assuming anything we get back from the grants is going back to pay loan debt. So that's that becomes an expenditure. 191 00:21:45.598 --> 00:21:52.919 Um, and then simply the interest on on the loans is shown there at 70,000. so. 192 00:21:52.919 --> 00:22:02.548 So they told her, so you can see the total revenues at 3.557 and the total expenders at 3.0. 193 00:22:02.548 --> 00:22:06.959 305, so it's a, it's a 242,000 dollars. 194 00:22:06.959 --> 00:22:11.548 Access, um, yeah, on that. So. 195 00:22:11.548 --> 00:22:17.009 It's a, it's it's a relatively simple. 196 00:22:17.009 --> 00:22:20.249 You know, revenue and cost breakdown. 197 00:22:20.249 --> 00:22:30.598 Uh, for the next fiscal year there, you know, if there's any questions. 198 00:22:30.598 --> 00:22:34.828 Yep, anybody got any questions on the budget. 199 00:22:36.898 --> 00:22:45.028 Our revenues are based on projections, we don't have sign contracts for sale of property and we don't have a a grant award. 200 00:22:45.028 --> 00:22:48.509 Totally based on projections. Yep. 201 00:22:48.509 --> 00:22:51.689 We have neither of those, the has neither. 202 00:22:52.858 --> 00:23:00.328 Hello. 203 00:23:05.729 --> 00:23:11.098 But the land sales Paul are based on conversations we've had with the 2 potential parties correct? 204 00:23:11.098 --> 00:23:15.419 Correct, right? I mean, we do those are based on. 205 00:23:15.419 --> 00:23:22.019 Discussions and values of appraisals values of the appraisals. Really? So, you know, um, maybe anticipated. 206 00:23:22.019 --> 00:23:25.499 Anticipate sale prices are expected to be. 207 00:23:25.499 --> 00:23:29.818 Around the praise values and, um. 208 00:23:31.618 --> 00:23:36.628 On the grant, I guess it's, you know, hopeful, but, um. 209 00:23:36.628 --> 00:23:47.699 With the, with the harbor, be appearing in the government and the state of the state book or hopeful I think it was better to put. 210 00:23:47.699 --> 00:23:53.818 That number in the budget then, versus leave it out. I think that, uh. 211 00:23:53.818 --> 00:24:01.949 It's probably a better practice to have it in here. If we do get the grant versus leaving it out. I, in my mind. 212 00:24:01.949 --> 00:24:10.558 On the expenditure side, the only, I mean, if you didn't have a signed purchase contractor in the course of the year or the grant or. 213 00:24:10.558 --> 00:24:14.788 Wasn't funded, you wouldn't encourage expenditures. 214 00:24:14.788 --> 00:24:22.499 So the only expenditure that the is on the hook for really is the financing charges on the letter of credit. 215 00:24:22.499 --> 00:24:27.659 Our line of credit and the professional fee service contracts. 216 00:24:27.659 --> 00:24:30.659 Okay, yeah, and I, I would think if that. 217 00:24:30.659 --> 00:24:36.959 Um, correct or their revenues to cover those. 218 00:24:39.328 --> 00:24:53.608 Now, the council would be, I think less if, if the, uh, dsa, 1, and, you know, the in the 33 parcels not sold during that period and some of that could be under the grant. But, uh, as the revenues to cover that. 219 00:24:53.608 --> 00:24:57.118 Um. 220 00:24:57.118 --> 00:25:07.888 Outside the sales of property yeah. I mean, you're not showing any of the older grants that I don't know if the end of the other grants still have dollars attached to them. 221 00:25:07.888 --> 00:25:13.048 Yeah, no, I am not showing any of the, the grants they don't because we just. 222 00:25:13.048 --> 00:25:18.838 They basically they, the 102 is the other 1 that had any dollars left. 223 00:25:18.838 --> 00:25:21.838 And then we spent they were spent this last. 224 00:25:21.838 --> 00:25:26.638 Okay, this last year and I anticipate getting all. 225 00:25:26.638 --> 00:25:31.229 The reimbursement back before March 31st, so. 226 00:25:31.229 --> 00:25:36.419 I didn't carry anything over, you know, from those grants into the next fiscal year. 227 00:25:36.419 --> 00:25:39.659 So it's like a fresh the starting a fresh slate. 228 00:25:46.888 --> 00:25:55.679 You know, I get granted, I mean, there's other ways to generate revenue through and stuff and I think those are the conversations that. 229 00:25:55.679 --> 00:26:01.469 I have to be had, but again it was I, I, I didn't speculate anything beyond the. 230 00:26:01.469 --> 00:26:05.699 The land sales in the grant potential. 231 00:26:06.778 --> 00:26:12.118 What's the spiff? Spliff? What's the financing? 232 00:26:12.118 --> 00:26:17.038 Okay, and we got something. Okay. All right you need a revenue stream, uh. 233 00:26:17.038 --> 00:26:23.759 Back up the dev yeah that would be the, uh. 234 00:26:23.759 --> 00:26:31.439 The sale of the land would be the revenue stream. I, it would basically a. 235 00:26:31.439 --> 00:26:38.519 Pilot that has the concurrence of all the taxi jurisdictions to allow for an allocation of pilot pro sites. 236 00:26:38.519 --> 00:26:45.239 Proceeds to be a dedicated revenue stream to support a very a project. I've done several of them. 237 00:26:48.479 --> 00:26:55.199 Um, paragraph is, uh, will speed and, uh, Hartford insurance. 238 00:26:58.019 --> 00:27:02.699 Is that something we should look at? Or or was this something that, uh. 239 00:27:02.699 --> 00:27:08.038 You need a project that's got a revenue stream and then you got to take a look at. 240 00:27:08.038 --> 00:27:15.358 That you can get the concurrence of all that they actually in jurisdictions to be city county and school district. 241 00:27:15.358 --> 00:27:20.848 The idea does not have unilateral authority to divert pilot revenues. They belong. 242 00:27:20.848 --> 00:27:26.759 They actually jurisdictions, but by contract, the text and jurisdictions could agree. 243 00:27:26.759 --> 00:27:30.028 Allow the idea to, uh. 244 00:27:30.028 --> 00:27:40.739 Uh, you know, take a portion of the pilot revenue and and apply it for a project that is consistent with certain public policy perspectives. 245 00:27:48.989 --> 00:27:53.249 Was that something we need or do are we going to do we feel we could do without it? 246 00:27:53.249 --> 00:28:00.209 I think you looked at that 1, when you got a project that you can identify a revenue stream, it's going to be generated from the project. 247 00:28:00.209 --> 00:28:08.939 I mean, once we, you know, once they start building the initial building, I think that they would, they would start your your, your revenue. 248 00:28:08.939 --> 00:28:16.528 Yeah, yeah, I mean, I think you got to, you just got to go and calibrate what that pilot revenue stream is and. 249 00:28:16.528 --> 00:28:20.788 And obviously be able to socialize, they have to tax and jurisdictions. 250 00:28:20.788 --> 00:28:31.199 And work on a contract. Are we looking at that guys? Or is this something that we just exactly we are um, okay. 251 00:28:31.199 --> 00:28:35.788 You know, once the project's going a little bit more advanced and then you also have to understand. 252 00:28:35.788 --> 00:28:39.778 We have to know what the pilot is going to be if there is 1 so. 253 00:28:39.778 --> 00:28:44.788 Um, cause it depends on the, on the pilot, uh, payback. 254 00:28:44.788 --> 00:28:56.939 Terms, um, and if there is gonna be a revenue stream that can be diverted and then, of course, you have to have the tax injure assistance in agreement. So but, yes, it is. That's definitely something we are looking into. Okay. Thank you. 255 00:28:56.939 --> 00:29:05.398 Uh, huh. 256 00:29:05.398 --> 00:29:09.509 All right any other questions on the budget. 257 00:29:13.019 --> 00:29:17.848 If not can I get a motion to approve. 258 00:29:17.848 --> 00:29:22.558 Give that motion, so I can't throw this out. 1st. 259 00:29:22.558 --> 00:29:28.019 And Jacqueline medical 2nd, right? All in favor. 260 00:29:28.019 --> 00:29:35.489 All right, so, um. 261 00:29:35.489 --> 00:29:40.469 I'm sorry, just to confirm who was the 1st on that? Go Beatrice. 262 00:29:40.469 --> 00:29:47.939 Um, so the next meeting dates are on the agenda. 263 00:29:47.939 --> 00:29:52.618 Um, hopefully we can meet the person next time and, uh. 264 00:29:52.618 --> 00:30:00.659 It'd be more information to share on where we are with the appraisals and the banks and the grant that we put in the CFA. 265 00:30:00.659 --> 00:30:04.138 And as we move forward, so. 266 00:30:04.138 --> 00:30:08.189 If there's no other issues or questions, can I get a motion to adjourn? 267 00:30:10.048 --> 00:30:14.548 So, a motion that medical okay. 268 00:30:14.548 --> 00:30:19.108 2nd, Brian take it a sec. 269 00:30:19.108 --> 00:30:22.648 All right all favor. Hey, Brian. Bye. 270 00:30:22.648 --> 00:30:27.749 Thanks so much thanks. Everybody. 271 00:30:27.749 --> 00:30:31.048 Thank you. Thanks. Thank you. Thank you. All. 272 00:30:31.048 --> 00:30:35.249 Bye bye. Bye. Bye. 273 00:30:35.249 --> 00:30:37.476 Then go right.