In 7-12 now I will call the work session to order. We already had the pledge of allegiance in a moment of silence. We'll call please Miss Lawrence. Mr. Haas. Here. Mr. Krishnatsky. Here. Mr. Laskavid. Here. Mr. McDermott. Here. Mr. Perry. Here. Mr. Sabatino. Here. Mr. Smith. Here. Mr. All present. All right. Thank you. Any conditions, deletions from the work session agenda? All right. So I'm going to move that one. I want you to leave number five. Second. All right. All of the favor? All right. Opposed? All right. Number five, the word is deleted. Just to explain the individuals who are coming to present it can't make it tonight. They'll be out of future being probably in February. Is there a motion to adopt the agenda? Motion? Motion? Second. All right. Motion by Ms. McDarman, second. Mr. Woolow, which all in favor? Aye. Opposed? Agendas adopted. All right. First we have division reports. they can be almost worked. They could seriously make sure of roads that the building and all are building this place, so the public should make the building a nine-on-one, without updates. They were indicated by the public health but they first appeared. So if that's anything you want to do about the report, I'd probably ask the questions, whether it's email, text message, you go full follow, do more than happy, happy, and happy to answer. And then we have some questions. So, I'm just going to ask my comments to that. Thank you. And for the new members of council, the report is usually pretty extensive as it is tonight. So go through it at your leisure and you can always ask questions to Ms. Crocoma or to the departments if they're present at any time. And if there's any other information or format that this is through. This is a format that we can be using historically, but I am certainly going to change the format and running a different type of information that you tell me. And we'll get back to that. Thank you. Mr. Trittis for the record. I want to personally thank Ms. Prokmo and the high levels of staff to be very available. It was a great transition coming from someone who's been here before so thanks for no appreciating that. Thank you Mr. Hausty. All right. Number two we have the Gateway Center Hotel Starling presentation. Mr. Beruk. Good evening everybody. Probably the entire look is made in Mr. Sanctino. You want to give it a mic on the side. Thank you. Thanks. First Mr. Chairman, the place, the Council, especially a lot of the new members of Council, a lot of them are going to be very successful in the year. I'm hoping our project could be one of those successes. First of all, the Stern project has a history too, which maybe some of the other members may not use the money. But it goes back almost a few years. The community has been trying to do something either to save the existing structures that were in sight because of eight story building and a 15-story building, and not fake. Then the project ultimately was demolished, and there were two point-winnaker states sitting in a very critical section of the city, waiting to be redeveloped. This project is as much definition of a redeveloped project as you'll find. It was the buildings were torn down a little over 10 years ago, and multiple attempts were made by the city, the county, the city-best, private, other private investors to do something with that particular site. And there's a wreck of some type of hotel, hospitality type project on that site. On 2018, the city decided they were going to put that up. They didn't see who would be interested in coming into the development site. Well, they received two proposals, cars, which was Asian and dressers, and then up. But that time they chose ours as being the stronger proposal. And we proceeded. 2019 we established a project cost, we hired our architects. There's Henry and C'mod, and the milk that's safely works tonight as well. We hired extreme hospitality to kind of like stir us through this whole hospital, this hotel business. And in America's here tonight too, we talked about the market. And we got through that process initially. We got process and established. And we came into 23 million dollars. We went to the state for a right to be requesting ten million dollars. We got to the state for a right-wing request to 10 million dollars. We got two. So that caused us to really delay the project. We got away another year, which took us into 2020. We got another around 500,000, and then again, another obstacle popped itself up, and that was the pandemic in COVID. So that tightest up for two years. So in the meantime, a project that got from $23 million to $37 million. And anybody's doing a construction knows that that's not, you know, that's not an age, but that's kind of what's going on out there. So we really are in need of getting additional support and assistance to get this project completed. And I think that with the county, I might have any note, if we get this county support, the word question is $5 billion dollars. With this project, we could be willing our way to possibly be in the right and dollars in the project. We can be willing to weigh possibly the current ground as early as next fall. So with that, why don't I have for the benefit of our near-me first, the near-me first, as they have brought the dorm to my mind, just Just come up with this. A few words describing the project. I have a presentation here that we refer to on the screen. You also all each have a booklet with the same presentation in it. So if we can do another couple of slides out. Okay, so we'll be looking to the next slide. Keep going. I'll be starting to get right in. All right, good. A little more. There we go. So, started just to give everyone just familiar with the site. I'll be relocated by the corner of the market and the grocery. Very prominent site as we all know from what the store was. Very strategically located between the business district as well as between bookendings and the two colleges between on the NS Air, books and kings. Also strategically located to the courthouse here as well. So when we talk about those things, we talk about those who we think will utilize the hotel we will be staying and as well as events that occur. You go to the next slide please. The proposed site plan essentially in the lower left is out the entire site where sterile ones existed. There are three primary program blocks. I'll call them. There's an event space, a hotel, and there's a retail component that's currently proposed. In terms of how we've structured the location, the building, and the forms, what we've done is we've located the event center out on the corner. We've flanked it back with the hotel stretching back to the adjacent buildings and access point of the market street. And along there, we've put in each site of it with retail. The hotel also sits back off of the market and creates an urban park which we think is a very attractive feature, which they could be a very welcoming gesture towards the city and the pedestrian experience. Parking as you can see there's a proposed parking garage with on-site parking as well as elevated decks. We'll leave the numbers are 175 on the ground, space we have 150 spaces in the parking garage. We're looking at 112 hotel rooms and the other components, the event space for a call-and-a-ball room, is about 5500 square feet. The free function space for the ballroom is about 4200 square feet and about 3,000 square feet of three kilometers. And go to the next slide, please. So here's one of our major challenges. Before we can get all this constructed, we have a site that is laid in Woodson issue. When the sterling was demolished, a lot of the debris, a lot of the material, was collapsed into the ground, which is not an uncommon practice when demolishing buildings. So, as you can see, the gray that's depicted is the footprint of our remnants left behind buried below ground of the basement as well as foundations and footings of the sterling building, both the 8th story and the 15th story building that Steve had mentioned before. So one of the budgetary issues that we've been dealing with is essentially cleaning up the site to create a pad ready location for building to be constructed on. You can't just build over top of these existing conditions that are below grade. You go to the next slide. So going back to what we are proposing to construct. This is the first four-clan and just walking through some amenities here. The purple on the lower left corner is right of the corner of market and burger street that is pre-functioned space on the first floor. It's about 4,000 square feet. The page color to the upper left as well as the lower right are the retail spaces again, totally about 3,000 square feet. And then the rest of it is basically hotel amenities, which on the first floor includes a large lobby, which is the light blue color, right in the middle that is centralized right off of the urban plaza, or the urban park that we're proposing to develop on Marcus Street. The Brownish areas are all back with house areas, but then we are also taking that lobby and creating an opportunity to have conferencing spaces adjacent to it that open out on to that urban garden as well. We can go to the next slide please. This is the second floor of the proposed construction. Again, the virtual space is the event space. That's approximately. That's approximately 5,500 square feet of constructed area. Seeding for wetting is up to 300 seats in that space. This is also allowing for operable partitions that can break the space down into smaller rooms where they could have seminars or smaller events that the operators could host. The green, maybe you can see the repetitive layout is all of the hotel spaces. Again, Steve can talk about this or Eric can talk about this, but we are on the high brand for this project. So all of the hotel standards will meet their current standards that has been required by them. Go to the next slide please. So we have third, fourth, and fifth floor plans. Again, just repetitive hotel layout with all the different rooms that are currently proposed. We know the next slide. The piece of the proposed renderings, proposed concept images of how we are developing the exterior. Basically looking for the first-order registry view, that is taken right from basically across the, where the bridge is located at Mark the Market Street Bridge. There is a quarter element to the design that is intended to make gestures and echo the Market Street Bridge, try to, because the quarter of that intersection is extremely prominent. So the design of the building is really to that. And then what we're doing is we're taking the other components of the design and trying to scale them appropriately. We're trying to use materials that are all compatible to what we think is a very strong context within the city of Bolshevik. We're trying to develop a design that speaks to the city and draws inspiration from it as well. Some of the elements, as you can see, are some cornice lines to top off the top of the building, which aligned with some of the adjacent properties to hold the urban ball and to, again, reestablish the urban fabric, which in that case, they're in particular extremely lacking in terms of how the site conditions are right now. The view along Market Street where the park is located is softened up by some streets gaping, which reliance as well as some type of appears or base andry elements that transition the depth stream between there and the urban space as well to the hotel. And if we go to the next slide. An aerial view to the left shows the overall complex and in the courtyard or the working garden as I'm calling it. This is a space insight here where we're proposing trebles and arvers to basically create an outdoor experience for occupants of the hotel. Or maybe this is the cocktail hour location prior to a wedding for outdoors. If they've had it, it has great possibilities for utilization along the market street with the views of the river team right across the river street. I can tell you that as a parent of a child who played travel hockey for 10 years, I would kill them to stay in a hotel like this and stay in many that are not as well situated within an urban context because there's a lot to do in the area between restaurants and other amenities. This is basically a prime floor for that type of clientele. We'll go to the next slide. George Albert is our civil engineer for the project. He unfortunately couldn't meet her tonight, but just basically a list of due diligence that we have achieved today and permitting in terms of where we were at. There has been geotechnical and subsurface investigations, which is basically helping us guide us on how we're going to handle the remnants of the storm and putting some foundations in basement. The site has already been surveyed. We've been working with property surveys, utilities. They're all available on site. We are corresponding with utilities to basically determine sizing and capabilities for the hotel and event space. We have been going through zoning reviews, variances, as well as land development processes, everything is all in place, ready to go. The only one of the last permits that we have to still achieve is the building permit and we will do so as soon as we are wrapped with design and ready to go for that. I'm going to move next light. I think this is Eric. He's going to come quite a little bit more. Unless you have any questions I can take any questions on it. Now the design. Good evening, Council. My name is Eric Urbino from the Chewmasthitality at the Primer privilege speaking in front of something two weeks ago for a two-bass thing tonight. My firm is handling the feasibility investment in hospitality consulting and eventually the assignment of the high place at the Gateville Center project that we're talking about this evening. We ran a new feas Building study on the market on the property and its underlying asset as well as at the economic impact that it is a property that just could bring to the region to the public sector and to the county. So I'm happy this evening to answer any questions that Council may have regarding getting an up-and-backed feasibility for any central-led questions. Well, it's a question. You had based on your past experience with other hotel projects. How do you view this for folks' projects? I think it's a very strong project. When we look at the markets, and you see where market occupancy is and where market rates are, it tells a very strong project. We'll get the market and see where market occupancy is and where market rates are. It tells a very positive story. The market can bear and support more hotels in the area. And with that, and having those hotels comes to the area brings the interest and more roommates of the area, brings more travelers to the area that brings people spending money to the area. Studies have shown that for about every dollar spending hotel there's about $7, the original economic activity, and that's prior to inflationary money to be on top of that study. So a project like this is a voice to bring annual economic activity upwards of $50 million annually to the region, through jobs, through spending with local contractors, spending local vendors, et cetera. So it's really positive to see that and to bring that to this area, I think we have a pretty impact on your constituents. Good. Good. We're working on the Wilkes Verde. I'm from San, so that's a little bit scary. You can go well with that. I don't think anybody here knows the wonderfully impact of the project like this would be downtown was very, we're going to wait for this for almost two decades now. And so the devil's in the details and I have two questions. It's kind of fought by Mr. Forkens. So prior financing for other hotel projects you've involved in. We have a schematic here on this table here, the overview, it's on page two accounts in memory, and you can see that. So you can see the facing out ladies here. How does this compare with past hotel product, another question, but how does this summary compare with other commercial projects? Yes, so it depends on the market. In other markets, you don't need public support to get projects done. So I would like in this project to help them down the high standard of this bill, and I would tend to plus the bill. That project at that time had $13 million plus in public support financing through a variety of local state and federal government, which helped that project in underweighting and accomplishes. So that project was just built into the and still benefiting the Australian area. Wouldn't have been possible at that time without that. Another project in the more recent in New York, Pennsylvania, the York Times will tell, which is a health and tax-tune product. That acquired, I believe it was upwards, $20 plus $20 in public financing through state, local, and those don't federal and that project is my knowledge. To get that project done, so if you look at the secondary interstitial market, such as most of the area, it's very common and often required for public financing to be a part of this public private partnership to help get these deals across the banish line to give people the deal for the lending and step in and bring the project across the West. And that's actually my second question. Thanks for that. So you're a lender with the bank financing. What bring verification do you have to show us so that we're not going to throw good money after that? I think everybody is a little risk of worse here from the situation there downtown. I think everybody here wants to help. It's just how can we minimize the risk to the county, the county taxpayers, and maximize the success of the project, which is totally understandable. I think on that front, that's too full. So I think the point should note that prior to COVID, hitting us in the early 2020 week, we did have a longer send up in this project before we needed to go. When COVID had happened and prices have escalated, us in the early 2020 week, we did have a longer signed up this project before we needed to go. When COVID had happened and prices have escalated, that's why Project Editor-in-China would come back and have these six conversations with public finance and entities. So I think that's important to point out at this stage, I think, and at this people, is through a group and each other, the best things that they're willing to work with Council to structure, to feel in a way that the Council money is in the first one in or second one in, but it's structural alongside the entire capital stack so that they know what they're making this investment into the project, the whole project is a go and that they're not funding something that it could turn into a deal. That's right, that's right, that's the answer. And that's what, as a sitting Councilman Rex's what I would like to see before and before today. Thank you for your time. Mr. Schauer-Skavich, how many hotels within the same miles would meet this calendar? Within eight miles. At the highest level, it competes in upscale segment. I think the only hotel that would compete that currently exists with this product will be the courtyard of the Hilton Garden and the Hilton Garden and the Davis-Templus-Year-Old looking out at the arena. The courtyard that will leave is at least five plus years old and those products are... I think we will look at the market occupancy and we say where it's at, it's very interesting that that demand is coming from the downtown, getting stores to drive 10 to 15 miles out to the arena. So, who tell the compete at this level? In the downtown, does not exist today, and therefore that demand is forced to drive in order to do business in the downtown and stay out of the neighborhood. I think I've heard that that time, not in the 15 miles. I've already told you, 10 to 15 minutes is maybe more. I have 10 minutes. Any other questions? This is Smith. The meeting is, of course, a question. What kind of verification we have around the call network? So we have term sheets at this point, but in order to get formal commitment letters, we need to show our entire capital stack. So it'd be working together in tandem with our public financing partners to put those agreements into place to finalize the funding. Yeah, it depends that but from a lender's perspective, they're not going to put that commitment letter out until they know that the other piece of the staff are there. So it's working together with a almost achieving the aim type of atmosphere to finalize that. Both can have contingencies in their agreements of that financing being locked in place and they can have on their side contingencies of the public financing that's being discussed here this evening, lockedistance place so that both parties can have their protections and make sure that the deal is going for. Can you tell us whether it's our committee's share of this item? I'm just glad this time I don't think they're prepared to put that out. They're talking several ending groups and they're just interested in ultimately. Okay, thanks. I think that's a big linchpin, in terms of being the greatest level commitment that one of the two is the situation. A term sheet? Yes. We can explain that for a bit. Yes, we can be a non-binding term sheet issued from a learned variant. You know, if you deal with work to move forward, this is what the term will look like. And this is what the structure would be, and what continues to be a time to place on. and this is what the structure would be or contingency that might be placed on the table. Miss McDermott? Okay, so the applications for P.A. sites, you can use it in a bat, and for the new RACP, but originally for the county amount, money that you were looking for was a ring up. I think I've got five of them in there. So before we weren were even asking for that in the project, we could go to the end to complete it. Now the five of those are going to be into it. Rachel and Wist, just the three of them. Definitely. Generally, we have 11 million dollars shortfall. I think the state has already been $7 million in the process. Outside of the county, in terms of any other public sources, The state has already been $7 million in the process. Outside of the county, in terms of any other public sources, it's just a state. So what we're trying to do is have a realistic ask to the state, which we have in our $4 million, and the top of the seven that they give us. And 5 million from the county. I would say at this point, if those dollars were available from the county. I would say at this point, if those dollars weren't available from the county, it was this entire project that you're right, because we can't go back to the state and ask for 111. So, without counting for distribution, we're going to be fine. For the high quality, it's going to be 5 million or for three million or five. For five. Yeah, we just we want to make a realistic ask this state because they've been good. I mean they provided $17. But still below what the Hilton got, another hotel on breading and the board. Those projects got more dollars than we're getting in the subsidy before COVID. So their revenue has meant so much more to those projects than ours. All we're trying to do is fill the gap and increase and cost the current income. Our economics for the project haven't changed since we're at $23 million. So we don't feel like gap, but $11 million or alter the projects and make the numbers work. We have a problem. Any other questions? No, not a very good. Mr. Wall, I have a question. Okay, so we have all these things, so capital stacks. What are the stacks going towards? What are all the expenses, I mean? We can be $5 billion. Was that $5 billion going towards? They said it's going to a big pot of money. I know. We also got quite a few quantiles represented tonight. And they've done a full process for the project. Why don't we see any of that? Do you need to see all the details? Absolutely. Absolutely. It's a 31-million dollar construction cost. $6 million in the FFVD, another cost associated with the Sprite, which is a song cost. It's a total of $37 million. Sorry, I don't have any wick in the last time I was here I did. But I've asked you that question on almost everything. No, no, you didn't. Excuse me. I'm very, very good. I have told the council, and I've called other council members. I've called all my asses and I said, anything more I can provide. I didn't get a return phone call. I left a message saying, what do you need? That's, I've been, okay, another question. How much of the county may make not taxes from that location? In return. Well right now we don't have the taxes computed because the taxes on the site are already based on the over-tell that it was there. It's never been adjusted for just one piece of the link. So I don't have to be reassessed. I'm going to ask that question. Yeah, we don't have to. Any thoughts on some numbers? Ms. Smith. Is it possible to get that number or if I guess, there are? This is, you can come up with our our investments based on current illiterates. There are experts aligned with that. If you guys know, there's a lot more to go than to, you know, come with a B-SES value or go with B-SES real estate. And then, after just being there after, a couple of months on the date of the private developer, I hope you can give something to the best of it. I'd be comfortable saying that it's $100,000. Just saying it would add. $100,000 in the dollar is just hanging around. On top of the other taxes that we generated from the property, which are $1.8 million a year, all the other taxes, local state and federal taxes. So, and some substantial pay back for this project? Mr. Hoss, yeah. Thanks, sir. I'm looking here over again to respect this. How about partnership with the City of Wolvesbury? And what is the City of Wolling to do? It's a clear lesson about that entity as well. Second County taxpayers. And I'm going to have to put it in there. The City, first of all, we are in which I didn't mention. We are in joint partnership with the folks very much development. They are going to loan the parking structure that we built on the built. But the council, very generous with that, about $2 million. It's going to afford if you are up to that project. They're currently in process, so I don't think the other $2 dollars to get that project up and knowing. The city had sold us the property at $600,000. And in conversations with the city, we talked about the taxes and other things that will help us as we go along with this project. They didn't have the credits to check for them there to be obviously don't have it. So $2 million to be in the bank of the party, we called it and then looking for a way to do that. Yeah, the project itself has been problematic to standpoint that we have infrastructures, parking being one of them, we do not have adequate parking in the site, so we need to build a structure. That structure, in fact, helps hotel. It will help the county's riverfront activities. It will help with some of the residents and retailers in that area,, but currently lacking part. The site as a public harness it, that we have foundations, we have floors, we have a partition of all sorts of different structures that have been buried in the ground that have to be removed. So when the county and the city jointly, in terms of the possession of that property, when the county and the city and the city demol in terms of the possession of that property, when you count the into city and the city demolish the building. We have to be able to problem just cleaning up the site. So we're not stepping into this situation for the building infrastructure in place where you go. We have to take care of that very extra cost, but we're building this project that I think you can fully justify our subsidies that we're getting from the county. We're truly grateful for that. I have a question. Ms. Stevenson. How much are we paying to reestablish the foundation for that property? It'll be approximately about $2 million to clean everything out of there. Fifth, good afternoon. Is it about ten feet? Yeah, you have to over, basically the plan is to over-excavate the entire site, take down the 10 to 12 feet, remove all the debris and material that's there. And then what you end up having to do is you have to then back fill the entire site with some more material. It has some proof rolled in layers so that by the time you're up to the service, you have substantial pace to start reconstructing your footing design. Thank you. Any other questions? We don't do it. We don't do it. In this site, there's probably going to be a reminion like it is for the next 10 or 20 years in Rachel Civilities and Lincoln, and that has a big number to incorporate into your project. I'm just not sure. I have a few questions. Are you going to learn? You probably will at some point now, I wrote, but that's a cross-stab, where you're going to get to it. That's possible. I'm sorry, Joanne, what was your question? If you don't have a book for a learner, I'm not okay. So right now the problem is not paying any taxes. It's a K-O-Z. Once you go to a learner, they'll pay a base tax and then what the tax level is for the land at that point. And then for those, you know, enough for a legal learner, it could be so really, could be over a 10-year period where you could have maybe 100% the first year or 98% and 70% and so forth. It's not to zero, so tax revenues will be coming in. That property for the last probably 35 years hasn't paid a dime in taxes. So what we're doing, when you look at this project, we're creating the opportunity for the May and 8 dollars in local taxes. It's probably another couple hundred dollars local taxes. It's far cry for the way we are at the present time. The payback is at the quite substantial. Got it, Mr. President. So, I'd like to get a share of the town's development. We want to talk about this, because the world is, I think, that people in the bill fair are also concerned of risk. And I know you haven't had investors that just won in the bill fair, but you know that people outside of the bill fair are invested in the bill fair. Why have we found more of those private investors? Well, first I'm going to address the first part of the risk. Number one, county money, that if you approve this, you're not ready to check the $5 million. Those dollars would put into a fund. And we will only throw down those funds as a construction on a reimbursement basis. That's your pay as an after the expense of your pay to the project that you're going to need. It'll be the last ones, putting your dollars in the construction. So the project will underway on the funded for a month's of the county dollar. I will expect. And as you wish, you can assign a 24 month rotation on this. If you don't have a project started in 24? The dollars you've worked back in the county. I think if I could build on that to answer a couple of the council members, the question of what do you get from $1,000, right? You have to look at it from the risk of the county perspective of how do we protect it? But county assets is this worthwhile. I think when the question is what do you get for it, you get that $5 million buys you with $36 million dollar project on the vacant site that has been like vacant for 10 plus years. So when the question would you get for $5 million once it's going towards hard construction costs on a building of $4, $36 million that's producing 170 plus full-time equivalent construction jobs during the process, and then having the E full-time equivalent, permanent jobs in the community, a well-addedance like spending the goals with it. So just to kind of help you into that question, what's the money going into, what is going towards, it's going towards that, the hard costs of the project. Councilor MacDart? And I apologize. Go ahead. Go ahead. Can you just sit said answer my question about the outside investors. I can speak to that because we work with the investors across the country. So there's no shortage of development. I know that you are more prepared than the salesman right now. But outside of there are the salesman. That's what I'm talking about. Yeah, so we're talking about the development risk, which is different than rebuild risk. Every investor has to weigh their risk opportunities. And when you see development deals in cities happen, they're usually having medical partners, local groups in the area that are investing that area. To find outside development ground up money is very uncommon, less very large-scale projects that either end with a E or a billion or large hundreds of millions of dollars for private equity funds can put a large amount of money to work out one time. When you see the development deals, especially these types of hotels and these types of market, they are local players that are stepping up to do something in the areas that they're familiar with. So to find those investors that have funds and the appetite to do that with the yield to meet the market that they're comfortable in. It's very common. But I think Mr. Burrini, the right hand of a mouth, that's not happening. I believe the Yoss is happening in the terms outside of the yard. In the sense that... Well, Asian Investing for a Presents and Outside of the World, Mr. Sylem, who came... He's here, he lives here in the San Luis area. Mr. Osayla. Who came? We'll need a few here. You've got to get that one. Yeah, he wasn't from this area. Okay. Mr. Horton. Thank you, Mr. Chairman. Just a couple of things I want to clarify. And maybe solidify my own head. Your project is not, because of personally, I'm not in favor of ever taking tax, loser-in-county taxpayer money and give it to a private project. I would never go for that. So we established that no, none of this five million, you're not seeking that from loser-county taxpayers, correct? That's correct, correct. Thank you, folks. It's all from the you-dank fund that we discussed in the past, right? These are dollars of a payback from federal grants of major projects back in the 1970s and 1980s. Right. Okay. I just want to make that clear for everybody so that we're not risking loser counted taxpayer money here. And this money in this you- fund was never loser count and taxpayers that Okay, just declare for that also to Remediate the rich that you they spoke about we talked about that at length in past meetings two or three months ago and even before That you would be amenable to have shining clauses, call back clauses where none of this five million if it's approved would be enriched. In other words that would be returned to the county if the project does not go forward. Is that correct? Yes. So the risk factor it might take into zero in that regard. Also, the management of the project would be handled in the same fashion that we're managing the rack and grants with the commonwealth. And they have a very strange information from the cleanways that we work with rack and forth. It's not easy, it's tough, it's very accountable. But will they, will just, if the county agrees, making back what we're doing for the state to do with the county? Okay, and we shouldn't be in this issue for later. So the last issue I just wanna make a point on is I worked in the banking industry for over 30 years and I'm very familiar with commercial lending, commercial loans. No bank will give commercial loans approval ahead of time to any project. That's in Ohio, California, Colorado. That's not how the industry works. A bank will never say, yes, here's your loan. Now go get the rest of the money for the grandters. That's not how the industry works. A bank will never say yes, here's your loan. Now go get the rest of the money for the grandters. That's reverse. A bank will not take that risk ever, with especially in this case, I think you're seeking 21 billion financing and commercial loans are just not done that way. So we're never going to get any kind of commitment from a bank saying here's the money. We'll give it to you if you get the other money. It always works the other way. That's been my experience for 30 years in banking industry. Just wanted to clarify that. Thank you. I want more questions. You've gotten Mr. Aron. So you said there's the $6 million of the last money cash, correct? So the last step of our five money, the last time we come here, we'll have to be spent the last time to need more money for you if that were enough. The project's total financing capital sector will have been in place at that point. So the project is working with our contractors that they guarantee maximum price from a top tier and construction enterprise, which is one of the very well known regions for largest and commercial projects. So the garrison maximum price is not exceed that dollar amount of its protection to the lender's developer and anyone participating in the cost as soon as I'm sure they could unplug it. So having to finalize capital stack with bank financing in place and the other public financing place as well as the private investment that can be used in the project in place, those scenarios when they necessarily come into play where you'll run out of money when we go to charge. Miss Bigdarmid? Just a question about the start and completion date. You said next fall this is coming probably you're going to be able to start it. That's what we're hoping. If the state comes that be the fall. That's the way it's in place with time. It's about 18 months. That's the beginning. That's all the part of the rush. That's the part of the rush that's been falling hard on the deadline. Oh yeah. Actually, if we talk to the contractors on this, we can start either one or trust. So whatever one gets off the driver's, we want to break around and get something moving as quickly as we can. From the parking garage, we can just start with that and work our way into the hotel. But hopefully, hopefully they'll both be finishing the same time. Is the garage should take no more than six months tops because they'll all be pretty fast for the construction of the hotel big laundry. So we have it some lead time. And if we get to garage and I'm telling you to see what we can check. As long as not for the next two years. Yes. All right. Mr. Schien has a question. So you're only looking for us to give a commit, right? You're not looking for us to actually take money out of our bank account, putting your bank account so it collects interest that you benefit from for years. We don't want to touch your money until we've spent it on construction. We come back to you asking for reimbursement of those expenses. Otherwise, all of them stay questions, Ms. Smith. Why do you want to resist accounting for the Indian Justice? Yes, because taking RACP dollars makes all competitive for the European people to be a part of the instruction project and it will be as comprehensive as possible. I think Eric may be able to speak to this a little more in knowing that it's coming out high-discindal research and I understand that there is a movement, I think, but it seems to me that there's movement of young regenerations wanting to stay in hotels that are downtown rather than hotels that are near Where the In the city would be like the modern pastors Is that Interstate are in the ladies the interstate properties start to pop up or from the past days. You saw that, we'll tell this in shift from downtown doors to the interstates where we were looking for interstate parking and easier access to our vehicles as well as being outside of what at the time we're trying to get to the crime of the crypt areas, how we've seen reasoning with the ideal in the workforce and the younger generations after they've come into the workforce, what they're looking to do is to stay in their own business or our leisure travel in that downtown floor, where there's more city amenities available to the public. Whether that be through local restaurants or local bars, nightlife, big events, that kind of thing. Like the Kirby Center and the events over there, etc. Especially when the top building and things like the temple coming online in the future and having conferences like that happening in the downtown, all of a sudden it becomes a citywide event and people want to stay in a place where they can go to their work meeting, walk back to their hotel, come back downstairs, have a train, complete the building, and be able to obviously from have a gate at downtown area rather than having to worry about train, clean the building, and be able to obviously, from have a gate, a downtown area where they've been having to worry about driving and getting to the vehicle, having to go whatever their business may be. So that's very true, it's definitely happening. And I think a good indicator of it can be brands like Hilton Air, I'm an idiot that are developing the urban center types of properties played with this traveler. In addition to, if you simply look at where the development deals are happening, they are now so moving to the downtown port and away from the interstates where they can store them and have them in the past 25-30 years. There are a number of just what we're talking about. It's a really good example. It's a similar market, there's shares market, that's what we're doing. Secondary, I Monday probably in Turpin, Pennsylvania. And very much a suburban type of outline where you typically stay up here at the end of a highway. This was an old building very similar to the Sterling Hotel that formed a disrepair, come offline as a hotel, and was abandoned. Public private partnership with locals in that community had stepped up and re-sold 15 million dollars between public and private funds to go into that project and bring back to life. And it took them over 10 years to do that. The reason we came back online a little over 12 months ago, I believe. So it's happening all over the country, not just in Pennsylvania, but I think that's a really nice example of it happening in the end. And can you speak to why this convention's higher, will be different, and more competitive, would you bring in larger conventions that can be it? Yes, so definitely speak to it. I think that the size of this... Do you make her a demon? Do I know? Or be a demon? I don't have my personal involvement in this. Yes, I'm sorry,. I'm not trying to be difficult. No, I understand. So where this conference center is positioned in relation to something like, well, he can sound as different. Well, he can sound as 30,000 plus, 50,000 plus ass working in the convention space. We're talking about 50 by countries where it's working in the convention space. So we're not looking for that fair and large association group that's planning a regional meeting to come to the area What we allow for is the attraction of that business in partnership with projects like that on the temple Projects of Mr. Blossom that's also bringing up a company area Having the which is another thing, another topic. So let me speak to that, is they met the benefit of having hotels clustered together, proves that there is induce demand from doing that. When hotels are located next to each other, you'll see that occupancy in that market goes up. That's why at the interesting, you'll see that there are multiple hotels typically when it makes it not just one, and occupancy, the data will show you that that induce demand an occupancy that is able to show you that that agency is doing an occupancy increase by having more hotels that are not decreased. So having a market like Volkswagen, where the whole dock and the agency is so high, and we know that to have occupancy that high, especially with the mid-wing business requirements, that business demand is coming from a downtown district and a downtown core, and it's being forced out to the interstates. So by having multiple probabilities of the downtown, and offering the ability for more people to sting the downtown, they play off of each other and help to find that in. On the conference side of it, projects like the other in Tempule coming in and bringing large amount of five conference-based online allows them to go out into larger business pieces that may be compete with one you get on a arena to be anything dumb. A lot of corporations have policies that they will not allow corporate travel to be booked at Casinos because of the gaming. So they have strict policies against that. So having ancillary property where that can happen, hoping the wider range of groups will have come to the area. Playing the canoff data in your temple, you need ancillary property, if you need rooms to be able to have a free, free, free, free, free, free, free, free, free, free, free, free, free, free, free, free, free, free, free, free, free, free, free, free, free, company that's represented there to book meetings based on the Ancillary Walkable Property and say we're going to have breakout space. We're having this conference. We're having this luncheon happening this Friday. You buy all that's going on there. So that those travel groups that look for regional markets to hold these types of meetings in are looking for markets that not just have to swear footage or more building, but also have the Ancillary ability to benefit it across the city. And you see that in the screen and with the help of the Democrats and the party gathered some spaces. All right, council members. Does anybody else on council have any questions? We've had quite a bit of discussion here. We have all the presentations this evening. Does anybody else on council have any questions? Just one concluding question. Go ahead, Mr. Hodgson. Thank you. So, yeah, gentlemen, again, my big ask is, again, minimize the risk. You can't not tax bear. It's not an air fund, ultimately. It's county money that's all I can't bear. And certainly to see the proof, whatever you can get to us that will provide an extra insurance. I appreciate the meeting weekend with us. And it's a public private partnership, so I just hope you can benefit all stakeholders. We look at that parking facilities too, and this just came to me now looking at your beautiful map here. We've got a wonderful parking garage, two blocks away from the site. It's underutilized, especially on the weekend. It's right over here, the county owns it. And I don't know, major coconut people could perhaps speak about it later on, but if it's a public private partnership, we have that component of facility, something to consider. I'm not trying to draw a chalk in the wheels here because it's my two big components I talked about earlier, but what can we do? We want to, I want to help, I'm sure, that the goodwill of this council is very evident, but we're a little bit shy. How does that come to? We did party things for the city. And actually, that site can support the party for the facilities for a party of the crash. We're calling for the due to May 25, so we can table the can. But both the design of it, we can expand it. And right now, our parking issue is over there. The only reason there isn't a parking issue over there is because Mr. Sinal allows everybody to park there for free on the lot. Once that lot goes away, you're probably going to have 150 cars before place to go. So maybe some will end up, you know, a big night garage or more mainstream or somewhere. But right now, all the park and it's private, there's no public parking in that budget. And it's not so strong. All right. But... I think it was that. Not at least. So just visualizing the picture. You got the picture, you got the picture of the hotel. You just visualize out here, driving over the Marquis Street Bridge, and then the question that it presents, compared to what we're doing. So thank you for your patience. All the beings who come to and all the conversations, really appreciate your patience and your patience. Thank you, Mr. Perum. All right next up we'll have the hotel on the square presentation. You guys sure you still want to present? All those questions? Okay, ready? Well, well, Peter's getting his own land. I have a Delaware County native, so not only an hour and a half away, although I have a recent come up here until I personally invest in it. You're coming about private investors, I am the private investor. I am here and I have purchased this building this beautiful building just over a year ago. And by the fact that I didn't know what I was getting into, I had put back around the public and as an aerospace company, I was going to use Salty, press release that we did, press our own data, so I went to the 13th to once again. I am interested in doing what is best and bringing just part of the truth, I have some best use. And I will share slightly out of this petition that when I got here, I did not know what I was going to need. I did not know who it's better. And I have gotten nothing but great reception. I met with Steve and Greg in Sam and of so many other people. And there's a letter from the Mayor that we welcome you. We're milked as well, and even cars, we part right up and down the entire food can, and have seen nothing but support. I see, so this is starting in October, it's only two. I see nothing but fertile ground here, and when I walk this building, the first thing that we do is actually hire some, some aerospace engineers to work in life space companies. We have this big building. I talked to my co-founders and why don't we have the office? One of the first issues we ran into is we got zero equity for that position. Zero. Not a single submission in resume at all. So we began to reach out to Wiltson University in King's College and was an accounting community college. To find out what we can do to improve the area, one thing we learned about, and we heard, started hearing about, was we need to hotel. Ray himself at Wiltson University said, you hear the interview, say, at the highway, by the highway to be able to interview on campus. And when parents come in to see the city and the beautiful campus that we've been looking for and came, they're not standing in wills. So it's been a bit of a problem. So aside from going after the same pot of money that's the group is going after, I actually support their project. I think it's going to be great for downtown. I think there's a lot that we can do, I think, and I'm proud to stand next to them as people will leave and are willing to invest in it and work on and develop what we have now. So I appreciate everybody being here and I know it's getting late so I'm hoping to describe all this as you're getting a feel for the timeline already. I close in this building September 30th or 31st of 22. Why didn it actually meet? I might think that we will be here from here in a bit until August. We've got everything you've seen in just about eight weeks or nine weeks, and we're intending to break ground so to speak. And one thing I do want to say is, it's opposite oranges, what Steve has just shared with you is a very different product, it's a very different project, and it's in a very different situation than what we were in. So hopefully we can expand on that as we go further. So here's the data, here's some pictures, we'll be going to do one of those stages. In taking a summary, I'm not going to read this. It's the overview of the project. This is a full service meeting, where we insert all three meals, food, tea, hotel, by Marriott. Marriott is the largest brand in the world. We had Milton and Marriott both bidding to take on this project and put their flight here. We do have luxury apartments that are staying on the top of the day, nothing is actually hotel. And we are acquiring the FNB building next door. So we're talking about the city and taking fake building off the square. Obviously, kind of, it's for us, and for our cities, kind of, kind of, for our county as well. Let's get into the good stuff. Here, you can look at some of the businesses and the other people that have hotels that from the outside perspective look like we compete. But again, they're very different products. A best Western, to a Marriott, to Ohio. Very different products, very different people. And we have different experiences to provide. The 30 centers are really big. One obviously got her in and temple between three opportunities, even just between Gus and Genetes and the Kirby Center, and then our building and the FNB. And even the Innovation Center, we started to have a hospitality corridor, and you have one full side of the square becoming a destination, which I think is going to be something unique that I don't think has been here for decades. If you go into the jobs, this is where Robert Meets Road, you'll notice that some of these numbers actually look similar to what Mr. Group wrote up because we have roughly the same amount of rooms at the end of the day. Their temporary jobs are largely large because they have any round of projects that are going to be hiring a lot more conservative people. But when we get established, we're both looking at roughly 100 water floors. So there is a similar ongoing tax revenue benefit for the city and the county and the state. This is a little bit different. This is actually what the building used to look like. And I will say again, anyone who wants to do it property, please come on over. Even I was impressed, I had never stood when we did the press conference, I stood in front of that hall. And I looked back in this way over the square and it's massive window, that's the reason we're tall. And it's impressive for a year and I never stand there. So there's a very big difference in seeing a picture to actually being able to stand there and feel it. As you can see, the floor, those floor actually marble, they've got a pink hue and a white hue of the gorgeous. There is a very specific historical restorations note that is as well. We want to keep all the cool stuff. This has so much heritage. We don't get to run into the properties like this. And Mr. Ngo Mike, you're coming about the next gen one in experience. This is certainly going to be that experience that they're looking for. And again, it's a different product than anything that's on the market right now. This goes into the history we can all check this out, going back into the, it was built from the 1930s or finished in the late 1920s. Location, it will often be with this, that picture on the bottom left. It's right after they did the lighting. This is probably my input 13 floor. Looking over the square. It is a prominent location for the computer team here. So in the bottom right, there was windows that you see when you're standing at the bell. That ceiling, there was a flood in this building prior to the human unit. And they actually restored the ceiling pan painting that's in the sculptures in there are awesome. There's a direction of original plates that kind of play the computer like in the top. Again, going to these units, and obviously I'm excited about these projects. I'm investing in my own billions of dollars in to this project. We've got a lot of different things in the studio. This is a render of what the voter can look like. So we're working right now with Mary to get all their boxes checked. And we just went on our tier designer, who's a true voter, and we've been, our new base architect, who's got local VP, local construction, we're bringing in world class hands, bringing world class people to school with local hands, is how I would describe this project. So, it's not like nobody here is going to start working on it. The construction jobs will be here, the structural jobs will be here. And this is where I'm going to have a drink, look at some eating tea. Picture of the left is from New York Times, it's obviously not the scale that I thought was in the decision. 105 rooms full service with T-Portal. We are going for high-end experience in the restaurant. You have to be open by a stipulation for a mario. Three meals a day that I could be like a coffee coffee kind of thing for breakfast. And then you can get 10 items or so at the bar at lunch. But we're also working on the FFB bill in here in second. Here's an essentially software model that I was going to go. Here's a sample of what our rooms look like. This is actually similar to the layout on the left. What's this? Looking like we can actually do based on meeting all the merit requirements of a guest room plan in the center there. It's hard to see on the screen that all of you should have this. They printed a portrait on this next year. Sorry, I can get you should have this electronic blanket as you like. So you'll see that we've been building, being included. And this is the first floor of both buildings. So we're actually looking at enclosing both properties. I own, obviously, the building was currently within our bank building. And the parking lot back. Many of you have ever been kind of curvy. There's parking lot, that's actually ours. And that if you've ever done anything with the Zern bank, you've gone up into the driver and the fact that they knew we own all that. So we'll actually fence that off any clothes created with a completely different enclosure to enter the building from to rear, which will be a part of the great experience that's I personally want to have that every other city has that we're going to have with this project. And one of the things, there's actually going to be an entrance into the restaurant, which is where we're at the end of the hill, is that white box, whatever the scene, kind of the middle front middle by the yellow, that'll actually be a glass and a clothes that's going to get into the restaurant. So we're really going to manage the traffic. So everyone gets the wow experience when you walk into the building. Here's a example of an actual corner of this room that I showed earlier how it laying out. Draven will remain draven for another probably two months. Again we're shooting for adults. I don't say swinging hammer, not digging a shovel, but we don't have the dig shovel in this part. We should be swinging hand your cameras in the local electors. Key highlights, Adds for the Boston Telling Council to move the maintenance of the building and brings it up to the size of the students. I think that alone, that's in textuals, and we're pretty cool. Adds direct support for the 30th Center of the Frank Hormel, the Verdades. Fun side story, Joel Lowe was at the press conference on November 13th, the Saturday before that, they had a double letter. They ran out of liquor and then Verdana's ran out of beer and Verdana's ran out of change and I think she said something like 20% of those people lived almost at the state. So we had all those people staying somewhere and they weren't staying here and they were drinking their face off so we should definitely work on getting a hotel very close by. And then we're also trying to do a hotel square. I mean, it's already to be here both. So we have, we have 699 rooms, 699 parking spaces in the middle of the Exit, having rich into our building. So we don't have any parking issues. Not only do we have 30 spots of our own, but to be on. We actually have 699 weeks of live access to. I've already had discussions with Mayor about getting a long-term lease at a very cost-effective rate to support 105 rooms award with Mayor Ed Sly exactly the same way. Today we want to see so we can lock in our parking again. We're fortunate with our location and right there in the connection there. And then that's significant job that we're having. So if you haven't gotten the impression yet, I am not a developer. I am an entrepreneur here. I'm fortunate that I started investing in real estate and things like that. I'm fortunate about this project. And I'm excited about this project, but I have not the reason that this would get done. I might have been less to be able to meet with support locally here, might mean one of the guys who are here from, but all the support, again going from our mayor, or all we have to our congressman and our senator, about Basin. They are extremely interested in supporting us in our space initiatives as well as real space initiatives. So you get to hear about me. You heard about me actually, I'm going to introduce Mike McHale to share with you kind of a vocal mix as to what he sees as you know what we're working intimately, but also has backgrounds that was a helping practical. I heard about it. We've never worked together to make this. Mike. Good evening. Thanks for listening to this time. Michael Kale, I'm one of the few that grew up here and left and came back. I graduated from the grew up in Dury A. I actually lived with my father. I take care of my mom that's the way. I actually left in 93 and I went directly. I came back for a little bit to work at Brockray again, after I got my engineering degree and then I left Traveller in the Philly. I ended up with a pretty large absorbent development job that worked on since I'm all-parked. I say James Tower, first high rise in Philly, really after the commercial collapse. Then I ended up at the Rubble Casino in the three to two thousand eight crisis as it became development and construction. So here I come from very an I end up in a casino. I took that job and I had never been in a casino before. So my development kind of led me into that and then I got into this broad equity. So through my career, I've put a billion dollars worth of construction development work. So, working for a private equity company, you do a secrete tech rollout. I realize we need it. We have a problem with some technology companies. So I ended up buying PSA in 2016, and that leads us in the conversation for a while. So in 2016, I bought a very small company of four employees. Today we're just shy of 9 employees from $50 plus million right here in Dure-E-A. So I came back to Dure-E-A in 2018 and I bought a small business out of bankruptcy and turned that from the afro people now the sixth plus on a Dure-E-A campus. So I've invested a lot of money back, I invested a lot of money. I now have 20 plus acres of durian, about 100,000 square foot manufacturing. I'm on all the university boards and state and Franklin. So I came back and I really drove in. And I drove in because I think there's a change. So I left and I spent time at Vegas in the college, Singapore and Latin City. And I come back here and the area's different than it was when I left the 1992. There's more opportunity. I see the opportunity of growth. So now I'm investing all of my money in cowboys into PSA locally. So now we're investing all of my money in cowboys into PSA locally. So now we're over 60 people. We're now working for dozens of Fortune 500 companies. We're doing the automation upgrades at the ammunition plants at GenTex locally. We have a hybrid jack-toll program for the Department of Defense, we have a new hybrid jack-tolls, we have a drone program right in D' drone program right in our campus and all of those engineers are actually from us. So that kind of ties the back into the wheels. I employ 10 engineers out of wheels and we have a continual goal of interns and new employees coming in and the goal of the company is to produce much more slowly. So that's been my focus. So about 95 days ago, I mean Michael had a check for a conference that I'm on the floor, so I'm really, I'm in the education locally because I think you can do better. I mean Michael, he's talking about space and space come contracts and like it says hey I need some engineers we have an app 60 and now we are in partnership and we're working on payloads with the International Space Station next year in Durian so that ties me back into projects so now I need to help so I see this is an opportunity of taking our area and our regions to a different level. So I'm a guy who's probably spent 10,000 hotellets in my career traveling. There was probably 10 plus years and I was 219 here. So I understand what we're looking for. When it comes to hotel, I know the development aspects. I also know my clients come in. They're looking for a hotel to stay at. They can't stay at the loses sun because the Fortune 500 is going to allow you to see how they're talking about it. So they're staying on Taj Mountain with the restaurant's art but enough. And we need to upscale that because when I have visitors come in, their plant managers, they're a director of engineering, it's a fortune five-year companies. We need to have more. And it's just not for me, it's for everybody in the battle. People who want to go to business, we need to have some more assets. So bringing that all together, I have all of my contacts for the development work. I've done, the restaurant works I've done, I've invested in restaurants and restaurants and iron chefs. We're partnering with the biomec group that's not out there and they are, we need to invest in it. Yeah, we need to invest today. We're kind of couple projects, so they've done redeveloping a national law. Ken Yards, Travelers, Trappuccano, to strike due in some market research. Hopefully we can draw some really dynamic talent to the air. The goal with them is to actually bring in an Irish chef or something like a name that will take people within 45 minutes an hour and a half, the chance to come in and eat at that restaurant. So the JKRP, they're a Philadelphia based one more time. Yes, Jack, they're a Philadelphia based firm. They've done a lot of historic, high-rise transitions from commercial to other rough scales. I've also done two projects with them that were very successful. So I'm very familiar with the obviously group we partnered with Cerdoni locally. So that's obviously a global open-line generation for Smith Miller to do. And Smith Miller is our mechanical firm in the American and it's an actually Smith Miller's working for me on another project. So, you know, we're trying to tie in all the locals because I want to use them much local, but we still need, we're still looking for that little bit of outside support to help us kind of take us to the next level. So, thank you much. I will jump into the numbers. Here's where, for example right now in construction costs. We have a B building application, that's to, et cetera. This project is underway, so we're not seeking 23 million or anything like that. I'm too Mr. Gordon to your comment earlier and to your questions. We are in conversation with local banks. Local banks are actually one that are extremely interested in trying to pull in other banks because most of our local banks are pretty small. Meeting with a much larger bank, he was extremely interested with their CEO on Thursday, so he will be able to provide the updates as they come. Again, we already own this book. We already have it. I mean, we are already in this with them. We already have them already messed up. We already have engaged our efforts and our designers and the restaurant, the work, etc. That's really making trouble. So we're well underway with this. That's not really something that's striking on that slide. This is just a historical market for forms of objections. This is just historical market performance rejections. This is a detail that's publicly available based on anonymized data from the Telus. This is from my perspective of the private investors. This is how I look at one of the ways I look at is this project eventually feasible for me to invest money in it. I believe it is. I'll actually call America a little bit better to share with the parents we have with Mary, not look at what our numbers were and how much they really want to be in that particular building downtown. We're looking at two million other account of funds to get, the seven-year building was not part of your original plan, that came up in the back of the building to mayor, and obviously you can be thinking The reason I was here is because I was in the middle of the city. I was in the middle of the city. I was in the middle of the city. I was in the middle of the city. I was in the middle of the city. I was in the middle of the city. I was in the middle of the city. I was in the middle of the city. I was in the middle of the city. I was in the middle of the city. I was in the middle of the city. a lot of contracts. And this is again, you know, you guys get punched and you've got constantly on the stuff. It's just, I don't want to see it sit. It's a property that's adjacent to mine and obviously we're hurting our clients now that sound great. Obviously we know this several weeks ago, but we've been talking to Mayor. We were supposed to get the actual official resolution done tonight, but they canceled their meeting. So accommodations to you to actually get here tonight in New same way, we'll have the work session and the resolution on Thursday. And then there's a letter, Mr. Lombardo, that Mayor Brown, that was a blowing layer of recommendation. I don't know if you have any. I think it's in the pack and then all council members out out at the hour. Yep, so you guys, you guys have seen the type of support that we're getting directly in there to make sure that we get this. And if you look at the top left there of that picture, the very, very threat-break corner of the building, of the F&B building is actually where you will be coming into the space of the restaurant. So you'll come in from our lobby and then you will go into that desk and you'll be like pointed out and you can see that white box again. That's actually where it can come in, so that that building might itself is awesome to walk into too. So to be able to take this up to the highest of best use, it's going to be fantastic. None of this was interplay. None of this was what we were thinking about, which is why you're here, asking for the money. Again, the money is the HUD money I understand is based on all the conversations and research I've done. I am happy to get some demnified accounting that if that money is spent on us and you guys are HUD tries to pull that back to you, we will pick back on the same terms. So you guys won't have to, if you spend with us, you're not going to have to be out and have the word of, if you get called back. I'll be right there with you. So, we're willing to identify you and work with you if for whatever reason, it gets off the racks and tries to come here with them. Which, again, from my perspective, I'm willing to best invest. That is not. And that's it. You said this last night I would meet a mayor. That's our fault. So, we're gonna be in private dining room. People. Council members, any questions? All right, Mr. List Gabbitch. So I got to tell you, I'm that guy that's really excited overall of this. Both hotels. We're lacking so much in this area. I didn't travel to your extent, but I covered six days for my job. I watched my cast through Drop of Hotel in the center of the city of Ballfield, and it explodes. A micro brewery, a piano bar. It's time we catch up to the times, right? We got to have things to track people. I'm very enthused that you will not put this kind of money into this city, which is the gateway of this courthouse. We have a beautiful courthouse. I love to look at that bridge out the window. I can imagine, you know, river fest and some other festivities, you know, every other county has other types of festivals going on, whether it be a garlic festival. Eastern Hanna, it was packed. I was there, hot pepper festival. Would you imagine like, ended up brewing a lot of people? We need a quick complaint and stop saying, you can't do that, what do you wanna do that for? And move ahead, because you know what, we're gonna be left behind. It's all gonna stay. Mr. Noss? Okay. Mr. Noss. Oh, yeah, go on. Sorry. So Senator Scott Martin, who sits on the House of Corporation, there's Senate Corporation's community heat toward our building as well. And he shared that exact story. He's like, this reminds me of what we did in our downtown. He's like, your downtown building is the same way. And it took that project. There are conventions in our hotel to turn them all around. So I think we're all thinking of you. Sorry, Dan. Oh, absolutely. Thank you. Sorry. The squad's next to coming. We'll be very welcome and finish from now. We'll be able to see you tonight. I come from a little different mindset than Mr. William McCollough, like I was on this council. And we had to deal with that hotel Sterling de Boca. And I'm very concerned with say current public finances. You can call whatever is tax money or bank money. It's still public funds. And your presentation is missing just two things. One you mentioned. Number one, I have an ability for its beautiful. But you don't have a plan for the past. That's a beautiful, I've seen it through the public square. It's like, you're looking, what's the plan for the rest of the film? So we have 17 blood-gathered weapons on 12, 13, 14. Remember what I spoke to you, I've now been to my office. So my brother, remember, Pat, there's a set up for a second. If anyone's actually going to enjoy the blood-gathered, probably not sure what my brother meant. to move into the building, what I thought it was. Somebody needs to manage this. They need to move in. On November 1st, not the largest in the house, we have on 14, but one of the larger rooms we have on 15. Beautiful, photos is where, that's actually where I set it. So every time I come to the town, I stay there with my brother. And we actually work. We work with that. It is beautiful. It is super selfishly. super-selfishly and we're going to keep that unit for myself. In the 17 units, we'll stay apartments. There is a 15th floor that is about the size of one of those luxury apartments. And we don't have it a fine plan for that yet, but it is not going to stay so many useless assets. I can't look at the problem as we can't, there's no way of easy way of getting elevator access to it so we can't make it. Yes, it's an indicator of public space. That was made, nobody wants it made to have that as it was. That was always used to be used to use out-of-the-house elevators. But there's about a thousand sort of things that are made for, that looks unbelievably amazing, that would be used. So there will be something that happens there. I don't know how I'll go through the makeup. Very question. Second. Absolutely. The second question is, you're going to have insurance. You said you're an entrepreneur. You've done other areas of investment, but not hotels. It's really you've done a little bit. I think hotel work and mechanical. I love mechanicals in the calendar, that's a wild place. But nonetheless I get the whole conception. What are some products that you all have to come collectively or individually and show us that are the mantra blame results? As far as what I do now. Like a hotel, like a hotel in Substualization, like what we see here. Oh, so I'm a person who stays at using curials or tap street or a tea cup of thoughts like this. I like the historic feel. I like little band members to lose. I like a nice bar. And most people travel. You've talked to Eric about the Marriott, the Marriott customers. I think of that as Marriott, remember, spent $48,00 a night on F and B at the Italian towers around here. This is definitely being food beverage. So that's a big draw. I think this type of product over everything else in the city, or even on the exit ramps is much higher. My employees that travel, because I do have three offices, and my employees travel a lot to the offices. They won't stay at a bunch of other shelves on the off-ramps, just because they're using not clean enough for, there's no brush drops for me, they're chain brush drops, and they don't want to do that. So that's fitting. So, you know, I probably have two or three nights. But I probably have two rooms of night in the hotel. I probably need to go to my pizza. Just because we have so many clients and so many employees that that roll through continue. And being attached to the garage is a big one too, because that's the security of the garage. Walk across the ramp, have a lobby, and you're safe. A lot of people don't want to park on flat logs and walk across flat logs. But the clarify you just say to these boutique hotels we haven't developed in mind. Just a clarify. Well, let me also clarify too. The data point is something that is probably the brand, the tribute brand on the matter is new as well as under building the ad there, the redeemer just have a shoot. They just develop both of those, I don't think everyone has more than 150 in each. So they're new because they're adjusting to the market. This style of hotel wasn't actually a thing, 10 years ago. So they just came up with this, I think, word number 100, a barrier for something like that. So there isn't gloat. There isn't actually this type of hotel products. This is Marriott knowing and seeing that it's there and supporting this type of building. But as a business traveler, you know a few say I know what you stay at one of the booths, you know tells you're getting a higher rate restaurant and a higher-end field and There really There are new to constant there 25 30 bucks a night more Which isn't a lot so from a Pudging standpoint for travelers at 150 160 170 all-arrange is not a problem for any of the more travelers $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $1,500, $ should be noted, we developed it. We put it against, we make the building look like that. Then Eric and Mary on step in with their ran push in the app and how they drive the slide. You just said that's what brings that level of competency that the hotel will be profitable. The Mary on step could put their name on that property and not drive it and talk with their researchers. I don't want to see that. I also, I have really got shot. I live here and I'm not costless here. And that family here. And I'm, you know, we have really got shot. I live here and I have customers here and I have family here. And I'm, you know, for generations. So like I can't have, I don't want to have a black eye. Okay. So that, you know, I was putting myself out there and I was outside of PSA. So this is important to me personally. I'm sorry. God. This is a building that exists. This is not a ground up. You know, if you look at the numbers, we're half the price with the same amount of products. A better product. I'm sorry. I'm sorry. Two different products. Sorry. I had to choose. I probably stayed in my hotel. But it's a different product and a different experience. You are staying there. That exists in the back of the Matthew. And it exists in the Tours. So it's not the same energetic financial time that we should be open June of 2020. That's our booth. So we're going to start construction July. We're going to run through a nine to twelve month construction run in Coeneration. So it's much, much different. Glasha, Mr. Deroke is still here. I can't wait to talk to you. Yeah, can you see the different markets here? Yeah, could be a couple of minute. The space is also critical. Again, my experience in hotels and this development is me reaching out to people that have, someone who actually gets their haircut at the St. Barbara just randomly. I do owns 4500 rooms themselves in their family. And when he reviewed the numbers, he said, my God, I have business rooms. So we were contemplating, you know, changing, losing some hotel rooms for business meeting rooms. So when you look at the question about their conference room or Mohit's son, even with our conversations with Ken Obrekky and Christian about the Archemblor or Joel with Herbie, we're filling in the stack with the Gapshank and conferences and being able to work with businesses to have these meetings or even have an opportunity to come in. In fact, talking to Gus, Gus lost a lot of business because of when the Shabby went away, when Shabby went away, he couldn't book different types of conferences he just ealed he had 100 rooms maximum. But he needed them in order to support his hostences. And that whole business went away when that was held away. So again, Gus is excited. I'm excited about what Steve is doing. And I think we all need him. Mr. Smith. You said that yours, you're asking too many? Yes. And here's the cheaper, you're saying that yours is not the grant of the top, it's not the scratch, so it's cheaper to get that. But this is a little bit of a big deal for you. Off from Delaware County, which is very similar to my story, I'm just asking you to that I have to be a bringer. I'm from Delaware County, which is very similar to my executive committee. I'm just asking you to give us a question as to ask. So I understand. But if you see very successful, I'm not sure what you need or help. This was not planned. This FNB1 shows a big vote of confidence to any partner specifically on the restaurant side of things. So the high end restaurant would be in the MMB building. And that was not part of our plan at all. We were planning on doing something much smaller inside of this cool high end bar, which would have been enough. And that's what I invested in. This is something I believe there. And I think the people that we want to track in as restaurant operators, so we'll go in there, They will come in and operate just like American people operate that they tell We need to show them all of us the city of the state the county everyone needs to show these restaurant source or in New York or in Philly who that that we want to support he want them here and I think that is a Honestly the big piece of the money is to show that this is a project that everyone's supposed to be. The fact that we got these guys from Biber to come in, we discussed work on 34 billion dollars in development projects. That are as large as our city, and they're willing to come in and work with us to help bring these people in. Part of that is our conversations that we've had with County, with the city, with the Governor's Action Team about their support for that project. When you get to that level, that's what we're gonna need to be able to attract the really high class people, restaurant tours that are gonna come in and operate. Might probably speak better. Yeah, it comes from a lot kind of back up. We might actually totally hate that's why the F&B building, I'm like, for what we're gonna turn that into a house. Because from a development standpoint, in a location standpoint, it's an individual property standing alone. It's an undeveloped piece of property. It's not big enough for anything. It has no parking. It has no upstream valet. There are no resources to that in the old building. So in my case, let's put a restaurant in there. I started thinking about how to do this. It's not in the area of the great property that I've done one other building in Philly that was associated with the bank and we kind of did the same restoration to it. And a restaurant would in there, and it was successful for about 10 years. But it's never been able to be developed. You need to help to re-develop these spaces spaces to bring that restaurant to where it's at. Hey, the area's here to help you. The city, the county's here to help everybody wants to see this space successful. He's trying to bring the outside operator in the looks great and hey, we're going to stand up and make a high-end, potentially higher-chef type restaurant. It's a pretty big sell, so we need a lot of help for that. When I look at it as a standalone, I'm like, my glitch just do that hotel. That building is not valuable enough for us. I actually thought that that building is a cry on the overall profitable. We still are using some of those. Yeah, because it's very different, you know, an arrogant speaker in a hotel. That's a very, that's a hard spot. To me, I would think that that building's gonna, we don't wanna bake a building next door, and that building's gonna be baking for a very long time, another 20 years. Is it even going to be 2000? Or out of bankruptcy, and it's been baking ever since, and it's been making it before that. I'm not saying that the building is actually a good place. It's a very good shape. The city is put money into it. But from the read of office that point, that's a tough spot with no access. I wouldn't even know what to do with it without a job. And that's probably why it's considered. And do you have any fees and tools and studies or is it more of a number that you would bring in? We're going to work on that with hybrid. We have to do a set. We have a number of set areas. We've been able to put together a normal F and B, but we're going to try to take those levels and raise that bill and make that rush from an ad bar and destination. To bring people in, to drive people to the curb center and drive people to the curb. That's it. Can we take a look at this? Yes. We can go on right this time. Was that? Yeah. Yeah, I was just going to say a few things. Congress and Congress are talking about also the closest to the government. If you look at the numbers too, the acquisition loans were going to be important in the 2000s to fit that building out. Structurally, it's great. This city put in one and a half inches of the roof and windows. HVAC, there nothing was going on, was there, been a bunch of different lights. You know, that building basically just a shell by shell. And thank God it's in pretty good shape for how big it's been so long. But it needs a lot of work. And it's not easy to work in and it's expensive. And it's more than even this two million doesn't like it. It's not a layout for us, the yellow, turrets, and troopers, especially when you get some of the kinds of potential on the check. There are finishes alone right here too many of us. Let alone when we're in the kitchen doing all of this. Yeah, we'll have to raise, we'll have to raise more at people on our side to get our community to that. What other private investments are there? and the Mexican government's son are probably the government's son, state funding, to be funding. So, when I say we hear about that, I thought that seven times, the Senate might be willing to let that be. We're also going after R&D, for sure, so I'm in touch with your garbage and the government's acting team about that. And then, historical tax credits, we will go up to the store, most of the way. Again, we will go up to the store goes to the end. Again, we want to preserve, when you guys store it, you will see some really cool premium spot you just do not expect to see. There's an elevator that goes to the basements and the fourth floor of Bethany and it's like one of those old crank elevators, kind of like a super-bull stuff. So we have the historical tax credits, we will be turning that bill. What bill needs a new authority? So we will be, you're keeping the intent of what is the authority in registry. Tell us what to do. Any other questions, council members? Oh, I'm sorry. Mr. Garmin, I apologize. I'm pushing the answer to everything in the time that I have been obsessed with. No matter what the hotel is going to be built, you're just doing that. You're definitely going to find the building. So you just look for the extra money in the stomach. Nothing, none of the partitions you can do right in the hotel. No, we're, if you haven't been able to get the inertia for being, I'm just trying to make sure it had to be long. And move as things like that as it was before. I admit, Mike, as you saw in the States talking about treating drones out of order, back with a humvee. I was like, that's amazing. I mean, it's up to the sky. It turns out he has a real estate background. And that moment forwards, including itself, to how to be able to do this. And that's been this, you're hearing kind of these developments and how we're talking about the FNB building, how we're talking about this. So you're just go, go, go, go, go. We've already engaged. Everybody I think will need to engage. They'll be minor contractors going forward. But we're moving forward. This is happening. to bring this product to market as quick as possible, which would be ideally June. So, to add this project in, bringing the title of the restaurant to work every once in a while, we need to tell you, it's obviously just actually what I can do with these about all of us, as a community saying, we want this here. We want you here, we want this here. Any other questions, council members? All right, good. All right, do I have any questions? Um, section, uh, we have a roundabout. Any questions? There are ARCM. How do you do an ARCM work on that? I'm happy to ask. Obviously, it's a very true practice, though, on the, what do you think? Then, either project, or any one from city books. So, I went with them through Galicex, I know what work in the math but you can school me up and help out. I have a project that will look. You know our drone thing up, we are located, my business is located in the Third County, if anybody wants to come see us, Dr. Robo Vaz, Drums drones and hypersonics. No, thank you. We were got here in the county as a small business Anybody's I love to see that Me too. I was I think All right, thank you very much All right next up we have discussion regarding the resolution of proving agreement with 10 Avenue guilty company for leasing of employee parking spaces for fiscal year 2024 and 2025. Yes, I'm wondering if asking for some parking spaces, how many different spaces do you have? Currently we are under contract, well our contract can expired with an Avenue Realty Company, which is Genedi, so there lot across the street is wrong. So under our previous contract, we were paying approximately $30 for a parking space per month, up to 200 spaces is what we have reserved, currently for our staff. We had sent to our RPL last year in preparation for the budget. So they were the only ones that responded to the RFP coming back at $45 per part of the basic and significant increase from our premiums on the track. So we were looking to renew that contract for a possible two years. We did budget 95,000 for this year for parting. And we are working on an assessment to see if we may not need all 200 parking spaces. We're doing an assessment of that. We're going to be moving some cars out of and place the probation card to bring up some spaces over there to bring some of the employees over from the Genetics parking lot into the tent place. So we will have a clear number once we get there assessment and move some vehicles around. But we are looking to floor with a two-year resolution to enter contract with a parking with a possible one-year extension. Any questions, Council? I very much just come from St. Blum and the parking is not really the notion we can't really negotiate that. 50% increase that much. Now, the other parking, from what the information that we gathered just in the area, obviously parking is scarce. It's approximately $70 to $70 for parking space throughout the city. So this is still a pretty deeply discounted rate considering it's not what we were paying for but Thank you. Any other questions? We're not invading the road. Can Mary, Mary asked me to make a road so you won't be that amount of parking spots. Excellent. All right, thanks Mr. Corp. I'm just going to hang out. Oh, okay. All right, thanks Mr. Corp. All right, next we have Luzeran County, Kisland Subdivision and Land Development Preliminary Sketch Plan Review. Okay, so last night I attended Butler's fellowship planning commission meeting where where we had asked them to review our sketch plan for a major subdivision on the kissline property. I've used it for a lot. The other part of the company is the kissline property. The kissline job property is on there as well as for with me if I can. So with the proposed sketch plan, it was a subdivision to create the blocks on this parcel. And I will just highlight, I provided you with the engineers report based upon our submission. So I'll just go through a few of the highlighted items. I got this information this afternoon, so I did. Go through it for a bit. That's what you say. For the new members, the notes we had asked for money to be put into the budget to have this property but were damaged and surveyed in the subject matter. There were three subdivision banks in it. For some reason, one went to Butler County to get a 10-bit meeting, which has 40 new courses on it, but we don't know if that's the one that's formed. With a three, I think you should think discussed what should have come. And because, no matter why, it's going to cost some money to be able to sell off this property. However, we can make money off of it, but you can't really bring it back on the cash rolls and stuff like that. We do have to keep the jumpboard. We have to do that. You can't get rid of that. So that's absolutely necessary. Such a right now. This is all right. So with that being said, with the other plans, the other sketch plans brought up this point with everything that was changing, this kind of came across my desk and I was stepping into the actual operation. So this is what was presented. There are two other sketch plans. I have to familiarize myself with those. And then of course we can discuss that. But based upon the review that we got from the engineer, that's something that I think the council's going to have to decide, do you want our engineers to keep looking at this to a cost evaluation? What is going to cost to actually develop this property? What will we have to do to then sell off these parcels as they're subdivided? Things to consider with this size of a major subdivision. There is public students in that area of public township. things to consider with this size of a major subdivision. There is public sewer in that area of public township. There is not public water infrastructure there, so it would be individual wells or some kind of central water system in that area. There would be driveway access tie-ins and a big concern. And coming from public town should be my previous life, was because of the size of the development, they're within their cellular requirements, there has to be a holding tank large enough to accommodate X amount of homes in the event there's fire. So it's an underground holding tank, you're probably familiar with this chairman. And I don't have to sell the word in front of me to reference, but it's quite a significant size of tank. And then for every additional line, homes, I think, it's an additional 100 gallons for this tank and there are sometimes troubles up to access. So with that, we'll have to do a sewage facilities planning module and get it to all of that infrastructure. So at this point I don't know if we want us to go forward and ask the engineer to do a cost analysis on this size of subdivision or if we want to revisit the other two sketches and maybe see I'll back you a minor subdivision instead of a major subdivision, because through a higher than 20 less. I thought definitely it is to look at the other two, as well, just, you know, this is a wide project that I'm undertaking and I can't really take on the account of the same thing. I think it's a challenge, not money. Yes, we'll make a lot of the sale of the loss, but there's a lot of work that has to go into it. But just to be clear, too to there are pretty farmland parcels that will remain farmlands because I don't have to get these on whether or not we're moving on to that conservation links and we're offering the plants. What we will do is we'll formulate a package for and then that way, you have something to make a more decision. You wanted to strengthen the council's attention, as well as something that was excessive. So this has been to be on your radar. If you want to go to the land, we'll bring you down for a field trip. But we will get some information so that we know the history of the death of this point. I'm just curious, I'm just thinking that we don't do all the land and the timegator Pedro and I selected the 2019, 2019. The 16th and the 11th, I'm going to try and sell. So that's how this all happened to happen. Again, we weren't really making money off of the police all the farm means that's what we were doing. But I wrote at least to have it to this point, that we were going to do some important decisions so we don't have all these. Any other questions? Yeah. I'm sorry. Is it that fuel gun? Is it the dislin of the development there? Man, is that where that is? Is that where that is? That's a really small, big fuel. You don't have the... If you love me, Steve, I can tell you, for sure. I have a lot of people here that I'm paying to. So this is the Keystone Dropcore. So that's basically the quarter of the property on foot. He'll drive. That's East Point Hall. And then it goes back this way for music campus in here. And then it would be developing along this line and this line, the keeping the farm fields down here. So it's a pretty vast property. So I do have the sketches in email. I can send them to certainly. And you said there were two other sketches. The scene was good. To my knowledge, yes, I do not have those. This was the sketch plan that was sent to me with this emissivity. I will get them, I'm sure our engineer has them. So I can get them and share them with all of you absolutely. Council members, please wait to be called on my chair. I apologize, Mr. Sevkin. Sorry. What's going to happen for the music? That would be subdivided out to my understanding and that would remain. The music. Any other questions? All right. Thank you very much. Thank you for that. We don't do public comment. We'll get that will be a problem. All right. We'll now public comment Anybody in the in the room? Mr. Griffith I just want to be very clear of my intentions for the allocations I want to be crystal clear with counsel and anybody who's watching. My intention would not be to make this a base issue, a political issue, or any other issue. My job as a controller is to address allocations. That's my job. It was an allocation made by a previous previous council member and that's why that whole thing materialized. And nothing I don't even know Mrs. Stevenson at all, Mrs. Stevenson. I don't know you, I've never met you. This is nothing personal at all. This is what people elected me to do. Investigate allegations of fraud, misappropriations, and other items that's in our chart. That is my job as the controller. I sent an email to Miss Stevenson on a 26th asking for the information. Had I got that information, I wouldn't even have addressed it here. Because I have no skin in a game here. This is a council issue. It's not a controller issue, other than to bring this information to council. So I want to be really clear as to what my point was when I came here. I don't want anybody in the audience or anybody in this council to think that I'm going to have any race issues or any problems with misdewings and at all. But the problem I do have is, if in fact the allegations are true and somebody makes a law to against the county and I'm not saying they are or not. You could have a potential issue where misdivits and votes on something and they can challenge that issue because she is not a certain, she is not a qualified member of this council. That's my concern for this county. It's not concern for me personally how I can care less. This county, this county council has an obligation. If there was an allegation made against Mr. Haas or anybody else, I'd be doing the same thing. And I've never had to address that issue, but I'm addressing it because the allegation was made by the prior council member. And my job is a controller to address those issues. And I will address them, and I don't care what color you are. And I don't care what political affiliation you are, has nothing to do with that with me. All I want to do is get the information that's necessary to this council to know. And council should be asking for that. It doesn't come to me. You can get it from council. Give it to council. It doesn't bother me. That's my issue. So I want to be real crystal clear on the motivation here. What Mr. Herbids motivations are, or totally Mr. Herbids motivations. I don't know what they are and I can care less. My motivations are what my job is as a county council member or a county controller. And I was sworn to take an oath to support and defend the county charter. And by God that's what I'm going to do. Even though I think it's a piece of crap in many areas, I will defend it to the death because that's what the people want. And we should all be doing that. And I'm not saying the allegations are true or they're not. I'm not saying that. All I'm saying is we have an obligation to be sure that we are following the chart. Nothing more than that. So that is my, I know my three minutes are up, but I wanted to, I had a bunch of other stuff I wanted to talk about, I'll visit this on council, and I do appreciate the opportunity to address that. But I think it's very important with this council and people who are watching this on video. Now exactly what my motivations are. Thank you, Mr. Griffith, for your help. And be out to the audience. Two people with their hands up on the Zoom. Jag, please state your full name and your municipality. My name is Jag. I'm a Wyoming. I'm sorry, I just want to say to all the that alternative is not being honest, keen of reduced disease allegations. It's all over the internet. We all know it's biased, so saying as you job, investigate, or use silly, acquisition, you just think the S. But that said, I'm glad to hear that counsel is the distancing itself from the race system and on-family accusations that Steve Urban and Walter Griffith at last week can candidate to, as you all know, the election. If county council is going to be being respected after the chaos in the last two years, and he's term of pain in the lives of Steve Urban, we all know that a lot of people ought to deny election results that they know light, and look for conspiracies after the fact. That has reached co-procions, no pun intended, much the detriment of our democracy. Aside from looking, it was our own county, and I'd like to see the distance saying, although, there is a decision, excuse me, decision, down the form of the candidates for election reports and those shows the interference exist. Mostly, I'd like to congratulate the new board members for their legitimate victories, and I'd also like to congratulate the voters on this and county for showing up and denying their votes to skate for them and Walter Griffith. And finally, shout out to the Kingston Police Department, who I'm sure will follow through on its investigation of true criminal activity. Thank you. Next person is a phone number. Please state your name and your municipality. This is Mark Rainbow, Hazelton speaking. I'm wondering what was going on here because that is doing. On my Apple employees is working the end by a targeted end. My end, my company was working in IT and I'm using it. So I hope the chair manager and the council takes that issue up with IT after reading. All right, first of all, we respect to what was presented as hard as the developers though. I think the first one was clear that there's no deal. The pilot developer, the person who has a rover has no financing for any pilot managers has an error file, but the cause of the fact that such a high risk due to, obviously, the cost of the environmental issue that the fight as well as not having the official financial secure, you know, assets of the back and off the ground, but the care for the fund. The second three-grade edition is very intriguing and one of the two things that actually spoke out, when we were at the identification and the second one, one is that they're sending most of their budget money. There's very, there are people very little in terms of, just to get over the finish line. So the second one, we think something worked in a way, but the first one is a hard no. I think it think the council. That it's the first one, this should, whenever this problem is showing, they're not even being considered because he just said, meaning right then, there in Hitchert, both of his vice-chairmen, or me, have said, and he said correctly, commercial owners will not give a loan of this thing that's negative if they're, if they feel that it's such a high rate, they will want some security just like we saw at the end of the year. So I mean, obviously, this is something that is not worth considering a person, What the second one is, and I appreciate the work of the council to be in the field of top on the development authority besides the traditional knowledge, and we can move forward together on improving the quality of life and improving the development of all structures that are about the risks of all of them doing the all, thank you very much. Thank you, Mr. Reba. I know that members of the public. I'm just going to adjourn. Motion, second, all in favor. Hi, I'm motion. Meeting Mr. Gerr. Thank you very much.