2026-10-23 - Budget Committee

00:16[GAVEL]

00:16>> GOOD MORNING. MY NAME IS

00:18AISHA CHUGHTAI AND I'M THE CHAIR

00:19OF THE BUDGET COMMITTEE. I'M

00:20GOING TO CALL TO ORDER OUR

00:22ADJOURNED MEETING FOR FRIDAY,

00:24OCTOBER 23, 2026. BEFORE WE

00:26BEN THE MEETING, I WANT TO

00:28OFFER A FRIENDLY REMINDER TO ALL

00:30MEMBERS, STAFF AND THE PUBLIC

00:32THAT THESE MEETINGS ARE

00:33BROADCAST LIVE TO ENABLE GREATER

00:35PUBLIC PARTICIPATION. THESE

00:36BROADCASTS INCLUDE REALTIME

00:37CAPTIONING AS A FURTHER METHOD

00:38TO INCREASE THE ACCESSIBILITY OF

00:40OUR PROCEEDINGS TO THE

00:41COMMUNITY. THEREFORE, ALL

00:43SPEAKERS NEED TO BE MINDFUL OF

00:44THE RATE OF THEIR SPEECH SO THAT

00:46OUR CAPTIONER CANS FULLY CAPTURE

00:49AND TRANSCRIBE ALL COMMENTS FOR

00:51THE BROADCAST. WE ASK A

00:52SPEAKERS TO MODERATE THE SPEED

00:53AND CLARITY OF THEIR COMMENTS.

00:55AT THIS TIME, I WILL ASK THE

00:58CLERTO CALL THE ROLL TO VERIFY

00:59A PRESENCE OF A QUORUM. OUNCIL

01:01MEMBER PAYNE.

01:02>> PRESENT.. WONSLEY IS SENT.

01:04RAINVILLE?

01:05>> PRESENT.. VETAW.

01:07>> PRESENT.. WARREN IS ABSENT.

01:09OSMAN IS ABSENT. STEVENSON IS

01:11ABSENT. CHAVEZ?

01:12>> PRESENT.. WHITING IS ABSENT.

01:16PALMISANO?

01:16>> PRESENT. VICE CHAIR SHAFFER.

01:18>> PRESENT.. AND CHAIR

01:19CHUGHTAI?

01:19>> PRESENT..

01:20>> THAT IS SEVEN MEMBERS

01:21PRESENT. LET THE LORD REFLECT

01:23WE HAVE A QUORUM. WE ARE USING

01:25SPEAKER MANAGEMENT TODAY, SO

01:27PLEASE MAKE SURE TO SIGN IN.

01:30TODAY WE HAVE TWO PRESENTATNS

01:31RELATED TO THE MAYOR'S

01:33RECOMMENDED BUDGET FROM THE

01:35PARKS AND RECREATION BOARD AND

01:36THE CONVENTION CENTER AND

01:37DOWNTOWN ASSETS. YOU WILL SEE

01:39ON THE PUBLISHED AGENDA THAT WE

01:40WERE ALSO SUPPOSED TO RECEIVE A

01:42PRESENTATION RELATED TO THE

01:44YOUTH COORDINATING BOARD, AND I

01:45EMAILED COUNCIL MEMBER THIS IS

01:48MORNING NOTIFYING YOU OF A

01:49CHANGE TO THIS DUE TO SOME

01:52UNEXPECTED CIRCUMSTANCES.

01:56SO FOR THIS YOUTH COORDINATING

01:59BOARD PRESENTATION, I WILL ASK

01:59THE CLERK TO FILE THAT

02:03PRESENTATION. AND ENCOURAGE

02:04COLLEAGUES T REVIEW THE YOUTH

02:06COORDINATING BOARD SLIDE DECKS

02:08AND SEND ANY QUESTIONS THAT YOU

02:12HAVE IN WRITING TO ME T VICE --

02:18ME, THE VICE CHAIR, AND THE

02:20CLERK'S OFFICE TO MAKE SE WE

02:22GET THOSE CAPTURED. ANY

02:23QUESTIONS ABOUT THAT?

02:27GREAT, THANK YOU.

02:28SO OUR FIRST PRESENTATION TODAY

02:29IS FROM THE MINNEAPOLIS PARKS

02:31AND RECREATION BOARD. FOR THIS,

02:33I WILL INVITE DEPUTY

02:36SUPERINTENDENT JENNIFER RINGGOLD

02:37AND FINANCE DIRECTOR JULIE

02:39WEISMAN TO JOIN US TO PRESENT.

02:42WELCOME.

02:44>> THANK YOU, CHAIR. THANK YOU,

02:45COUNCIL MEMBERS. WE ARE PLEASED

02:47TO BE HERE WITH YOU TODAY. AND

02:49I'M GOING TO START US OFF.

02:52SUPERINTENDENT BANGORA DOES SEND

02:54HIS REGRETS. HE IS BATTLING A

02:57REALLY HORRIBLE COUGH AND LOOKSS

03:01TO BE WITH YOU.

03:05SO OUR BUDGET PROCESS BEGINS

03:06VERY EARLY IN THE YEAR.

03:09IN FEBRUARY OF THE YEAR, WE

03:11BEGAN BOTH OUR BUDGET PROCESS

03:13D STRATEGIC DIRECTION WORK

03:16WITH OUR BOARD. EVERY START OF

03:22A FOUR-YEAR TERM, WE TWO

03:28STRATEGIC DIRECTIONS AND WHEN WE

03:30DID THA WORK AND TALKING WITH

03:31THE STAFF AND ACROSS OUR

03:33ORGANIZATION, WE REALIZE TRE

03:34WERE SEVERAL NEEDS AND

03:36PRIORITIES WITHIN THE

03:36ORGANIZATION THAT FOLKS WOULD

03:37LIKE US TO TRY TO FILL. AND

03:39WHETHER THAT BE WAGES, STUMP

03:42GRINDI, TREE PLANTING, WOOD

03:44DISPOSAL, LABOR RELATIONS

03:46STAFFING, BUT A WHOLE HOST OF

03:48ITEMS. WHEN WE DID THE TOTAL OF

03:49THAT, THAT WOULD HAVE BEEN A 12%

03:51INCREASE FOR THE MINNEAPOLIS

03:52PARK BOARD IF WE HAD REQUESTED

03:54ALL OF AT. WE, OF COURSE,

03:58KNEW THAT WAS NOT GOINGO BE

04:01PALATABLE. IT DID NOT ALIGN

04:02WITH WHAT OUR FORECAST HAD BEEN

04:05FOR 2027 SO WE BEGAN SHARPENIN

04:08OUR PENCIL TO GET DOWN TO

04:10SOMETHING WE THOUGHT WOULD BE

04:11MORE REASONABLE. IN MARCH OF

04:12THIS YEAR, WE HAD OUR FIRST

04:14MEETING WITH THE MAYOR'S OFFICE

04:15AND FINANCE STAFF. THE NUMR

04:17WE CAME FORWARD WITH AT THAT

04:19POINT WAS 6.76 AS AN INCREASE

04:23REQUEST AT THAT POINT.

04:25WHAT WE UNDERSTOOD AT THAT

04:27MOMENT IS IN MORE CLARITY THE

04:30SIGNIFICANT PRESSURES THE CITY

04:32WOULD BE UNDER GOING INTO 2027.

04:33WE ALSO LEARNED AT THAT POINT

04:36THAT THE HEALTH CARE COSTS WERE

04:415%. THERE WERE SEVERAL REQUESTS

04:42MADE OF US AT THAT TIME

04:44INCLUDING REALLY THINKING ABOUT

04:46INCREASING OUR OVERALL REVENUE

04:48GENERATION. THERE WERE A FEW

04:49REQUESTS THAT WERE MADE THAT WE

04:50WERE NOT AS EXCITED ABOUT AND

04:53ULTIMATELY DID NOT ENTERTAIN,

04:54BUT WE DID COME BACK WITH A

04:57REQUEST OF 5.86, SO WE REDUCED

04:59THAT REQUEST BY ALMOST 1%. WE

05:01REALLY FOCUSSED IN ON WAGES,

05:05STAFFING, AS WELL AS BRINGING ON

05:07PROPERTIES WITHIN OUR SYSTEM

05:08THAT HAVE BEEN PROMISED IN SOME

05:10CASES FOR MULTIPLE DECADES.

05:14AND WE'RE ABLE THEN TO DECREASE

05:17R REQUEST BY ALMOST 1% THAT IT

05:19INCLUDED AN INCREASE IN REVENUE

05:22PROJECTIONS, NONPROPERTY TAX

05:25REVENUE PROJECTIONS OF $900,000

05:26AND ABSORBED WITHIN THAT REVISED

05:28REQUEST ALL OF THE ADDITIONAL

05:30HEALTH CARE COSTS THAT WERE

05:34EXPLAINED TO US. IN THE END,

05:35WHAT YOU WILL S IS OUR

05:39SUPERINTENDENT'S RECOMMENDED

05:40BUDGET FOR 2027-28 INCLUDES A

05:45FEW KEY THINGS AND ONE OF THE

05:47STAFFING IS THE COSTS THAT WE

05:48HAD PROJECTED AND WE WERE ABLE

05:49TO ACCOMMODATE THAT AND THE

05:51RECOMMENDED BUDGET. WE WERE

05:52ALSO ABLE TO ACCOMMODATE THE

05:54REQUEST WE HAD FOR FUNDING THE

05:57STAFFING FOR UPPER HARBOR

05:59TERMINALN NORTH COMMONS.

06:01I THINK FOLKS ARE PRETTY COMMON

06:03WITH UPPER HARBOR AND IS A

06:07MULTI-TERMINAL DECADE VISION AND

06:10NORTH COMMONS IS AN AND

06:35INCREASING SAFETY WITHIN PARKS

06:36AND AS I EXPLAINED, NONPROPERTY

06:38TAX REVENUE INCREASE. WE WERE

06:42ABLE T -- WE HAVE NEVER HAD A

06:45LABOR RELATIONS STAFF PERSON AND

06:46THOSE DUTIES ARE ABSORBED BY

06:48OTHER H.R. STAFF. WE WERE ABLE

06:49TO CONVERT A VACANT POSION

06:50INTO A LABOR RELATIONS POSITION.

06:53WE HAVE HAD TO PHASE IN SOME OF

06:54THE WORK WE NEED IN FORESTRY FOR

06:56A STUMP GRINDING AND WE'RE ABLE

06:58TO ACCOMMODATE SOME OF OUR

07:00ADDITIONAL WOOD DISPOSAL COSTS

07:01BY MAKING ADJUSTMENTS WITHIN

07:03TH BUDGET. WE DO THINK OF NEW

07:05WEBSITE AND BRANDING IS

07:07IMPORTANT.

07:07WE KNOW THAT ONE OF OUR BARRIERS

07:10TO GENERATING REVENUE IS

07:11PEOPLE'S ABILITY TO ACTUALLY

07:12REGISTER FOR OUR PROGRAM, SO THE

07:14WEBSITE WILL BE HELPFUL THERE,

07:15AND WE WILL USE ONE-TI VACANCY

07:17SAVINGS FOR THAT. AND THEN SOME

07:22OF THE PIECES WE HAVE LOOKEDN

07:24THE BUDGET AND WE HAVE LOOKED TO

07:26DELAY FOR FUTURE YEARS FOR

07:29CONSIDERATION AND OTHER FUNDING

07:31SOURCE. BEFORE I HAND IT OVER

07:32TO JULIE, I HIGIGHTED AT THE

07:33TOP OF THIS THAT OUR BOARD DOES

07:38WORK TO IDENTIFY THE PRIOR TIS

07:39FOR THE FOUR-YEAR TERM. THE

07:41BOARD HAS COMPLETED THAT, WO.

07:42THERE ARE FOUR KEY PRIORITIES

07:44THEY HAVE. ONE OF THEM IS

07:45AROUND CLIMATE. O OF THEM

07:47CONTINUED TO BE AROUND YOUTH.

07:49ANOTHER ONE IS NATURAL AREAS,

07:50AND THEN THE LAST ONE IS REVENUE

07:53GENERATION, SPECIFICALLY LOOKING

07:56AT ENHANCED REVENUE, NONPROFIT

07:57TAX REVENUE GENERATION.

08:01FOR THAT FIRST STRATEGIC

08:02DIRECTION, THAT RATES TO THREE

08:03PERFORMANCE GOALS. THE

08:05PERFORMANCE GOALS ARE ACTUALLY

08:06RELATED TO THE SUPERIENDENT'S

08:07CONTRACT. THAT IS WHAT A

08:08SUPERINTENDENT IS EVALUATED ON

08:11FOR THEIR OVERALL PERFORMANCE.

08:13AND IN THE YOUTH CATEGORY, IT'S

08:14MORE FOCUSED ON YOUTH

08:19EMPLOYMENT. WE WANT TO CONTINUE

08:20BE ONE OF THE TOP OR ACTUALLY

08:21THE NUMBER ONE PROVIDER OF YOUTH

08:23EMPLOYMENT WITHIN THE CITY OF

08:24MINNEAPOLIS.

08:25AND THEN SOME INCREASED

08:26VISIBILITY OF STAFFING

08:27THROUGHOUT THE PARKS TO ENHANCE

08:30SAFETY IN OUR NATURAL AREAS.

08:31THIS IS REALRY LOOKING AT THE

08:35CREATING A STAFFING MODEL THAT

08:36SUPPORTS OUR NATURAL AREAS AND

08:39CONTINUING TO SEEK FUNDING

08:41SOURCES FOR THAT. AND THEN, OF

08:43COURSE, WE HAVE SIGNIFICANT

08:44REVENUE GENERATION GOALS.

08:47WITH THAT I WILL HAND IT OVER TO

08:50JULIWHO WILL TAKE YOU THROUGH

08:51THE DETAILS OF THE 2027-2028

08:58BUDGET. WELCOME, DIRECTOR.

09:00>> GOOD MORNING, CHAIR CHUGHTAI

09:03AND COUNCIL MEMBERS. SO I'M

09:07GOING TO START WITH JUST A QUICK

09:10OVERVIEW CHART ABOUT THE PARK

09:11BOARD'S FUNDING MODEL.

09:14THERE ARE GENERALLY THREE

09:19FUNDING MODELS. IT IS HEAVILY

09:29UTILIZED BY LARGE URBAN SYSTEMS.

09:31IT PRIORITIZES UNIVERSAL ACCESS,

09:33FREE PROGRAMMING AND EXTENSIVE

09:53ENVIRONMENTAL STEWARDSHIP.

09:54SPECIAL EVENTS ARE EXAMPLES OF

09:55AN ENTERPRISE MODEL.AND THEN FI

10:02BALANCED MODEL WHERE YOU SHOULD

10:03BE BETWEEN 40 AND 60 PERCENT

10:07SUPPORTED BY PROPERTY TAXES.

10:11THE MINNEAPOLIS PARK AND

10:12RECREATION BOARD IS A HYBRID

10:15MODEL. WE OFFER THE PUBLIC GOOD

10:19THROUGH OUR GENERAL FUND

10:21OPERATIONS, AND THEN WE HAVE

10:25ENTERPRISE FUNDS THAT OPERATE

10:26UNDER A BUSINESS MODEL.

10:29SO IF YOU LOOK AT OUR 20

10:34RECOMMENDED BUDGET FOR ALL

10:35FUNDS, WHERE DOES THE MONEY COME

10:38FROM? 58.4% IS PROPERTY TAXES.

10:42SO THAT IS WITHIN THAT HYBRID

10:45MODEL BEST PRACTICE.

10:46FEES AND CHARGES IS ALMOST -- IS

10:5119%. GRANTS, DONATION AND

10:53OTHERS IS 16.5%. AND THEN LOCAL

10:58GORNMENT AID IS JUST UNDER 6%.

11:01HOW IS THE MONEY SPENT, 62% IS

11:05ON STAFFING, WAGES AND FRINGE.

11:0919, ALMOST 20% IS OPERATING, AND

11:1318% IS CAPITAL AND DEBT.

11:16IF YOU LOOK AT OUR FUNDS, OUR

11:19GENERAL FUN WHERE THE PUBLIC

11:21GOOD MODEL LIVES AND RESIDES, IT

11:25IS 71% OF OUR TOTAL BUDGET.

11:32SO WE'LL START WITH THE GENERAL

11:35FUND, AND AGAIN, WE DO COLLECT

11:39FEES IN OUR GENERAL FUND, BUT

11:43THOSE FEES, ESPECIALLY IN THE

11:47RECREATION CENTER, ARE -- HAVE A

11:50DISCOUNT MODEL THAT'S ATTACHED

11:52TO THAT, SO IF A FAMILY NEEDED

11:58TO, THEY COULD STILL

12:00PARTICIPATE, AND UTILIZE THE

12:02DISCOUNT MODEL UP TO IT BEING

12:03FREE.

12:05BUT WE HAVE A LOT OF ACTIVITIES

12:08THAT ARE AVAILABLE ON THE OPEN

12:11ACCESS, COMMUNITY GARDENS, OUR

12:14CONCERT, MOVIE RIES, OUR DOG

12:17PARKS, OUR OUTDOOR ICE, ARE ALL

12:19FUNDED THROUGH THE GENERAL FUND

12:22AND IS SPORTED BY PROPERTY

12:24TAXES.

12:25SO ON THE REVENUE SIDE FOR THE

12:29GENERAL FUND, 81.5% OF OUR

12:34BUDGET IS SUPPORTED BY PROPERTY

12:36TAXES, SO THAT IS A LITTLE HIGH

12:40IN COMRISON TO THE BEST

12:41PRACTICE OF 60-80%. AND THAT'S

12:45WHY OUR BOARD IS VERY FOCUSED ON

12:51IDENTIFYING OTHER NON-PROPERTY

12:52TAX REVENUES IN ORR TO

12:54DECREASE OUR RELIANCE ON

12:55PROPERTY TAXES.

12:59OUR BUDGET FOR 2027 IS

13:03INCREASING BY 5.6%, ANDHE 2028

13:07PLAN ACCOUNTS FOR A 4.8%

13:09INCREASE.

13:12ON THE EXPENDITURE SIDE, 72% OF

13:16OUR BUDGET IS WAGESND FRINGE

13:20AS WE ARE DEFINITELY A SERVICE

13:22INDUSTRY AND IT TAKES A LOT OF

13:26STAFFING TO MAINTAIN AND

13:28ACTIVATE AND OPERATE OUR

13:30FACILITIES AND PARKS. 25% IS

13:34OPERATING, AND THEN WE HAVE A

13:35PAY A YOU GO CAPITAL COMPONENT.

13:43EXPENDITURES BY DIVISION, ALMOST

13:4750% OF OUR BUDGET IS

13:49ENVIRONMENTAL STEWARDSHIP, WHICH

13:51INCLUDES OUR ASSET MANAGEMENT,

13:53MAINTENANCE, OPERATIONS,

13:56FORESTRY, AND ENVIRONMENTAL

14:00MANAGEMENT. RECREATION IS 25%.

14:04AND SO ON.

14:12ONE THING THAT IS NOT SHOWN HERE

14:14IS INVESTMENT INYOUTH.

14:15INVESTMENT IN YOUTH LIVES WITHIN

14:16EVERY DIVISION, AND SO WE CAN'T

14:19SHOW IT SEPARATELY, BUT WE DO

14:22CALCULATE AND REPORT AND 19.6%

14:33OF OUR GENERAL FUND BUDGET IS

14:35BASED IN YOUTH PROGRAMMING AND

14:40YOUTH EMPLOYMENT. THE PARK

14:50BOARD IS 18%. AND THAT AMOUNT

14:53WILL BE $1.5 MILLION AND OUR

14:57LARGEST PAYMENT IS TO FINAN

15:01AND PROPERTY SERVICES. AS A

15:05SEMI-AUTONOMOUS BODY, AND THE

15:08PARK BOARD AND BANKING A DEBT

15:10SERVICES, PROCUREMENT AND SO

15:12THAT'S WHY THAT PAYMENT IS THE

15:14LARGEST. WE ALSO PAY INTO CIVIL

15:17RIGHTS. WE DON'T HAVE OUR OWN

15:18CIVIL RIGHTS DEPARTMENT. WE PAY

15:20INTO HUMAN RESOURCES. THAT IS

15:26BENEFITS RELED AND YOU CAN SEE

15:28THE OTHER ALLOCATIONS.

15:30SO WE DISCUSS ANNUALLY AN

15:33ONGOING WITH THE CITY, WHAT

15:35SERVICES WE PROVIDE FOR

15:38OURSELVES AND WHAT SERVICES THEY

15:41PROVIDE FOR US. AND THERE IS

15:44ADJUSTMENTS MADE PERIODICALLY.

15:46AN EXAMPLE OF THAT IS A COUPLE

15:48YEARS AGO WE NEEDED

15:51ADDITIONAL CAPACITY IN THE

15:53PROCUREMENT DEPARTMENT. AND WE

15:54ASKED FOR OUR OVERHEAD CHARGE TO

15:57BE INCREASED SO THAT THE

16:00PROCUREMENT DEPARTMENT COULD ADD

16:01A PROCUREMENT STAFF TO ASSIST IN

16:06PARK BOARD LARGELY CAPITAL

16:09PROCUREMENT PROJECTS. THE PARK

16:12BOARD DOES A SIX-YEAR FINANCIAL

16:18PROJECTION. WE PROJECTED 5.58%

16:24AS A NEED FOR THE GENERAL FUND

16:27LAST YEAR FOR 2027. WE CAME IN

16:31AT 5.86 FOR 2028, WE'RE

16:34ESTIMATING A PROPERTY TAX

16:36INCREASE 4.53%.

16:44WE HAVE OUR WORKFORCE ACTIVATION

16:45AND OTHER OPERATING COSTS FOR

16:48OUR SYSTEM EQUITY INVESTMENT.

16:54IT'S DIFFICULT THAT THESE

16:55PROJECTS ARE COMING ONLINE AFTER

16:59DECADES AND DECADES OF PLANNING

17:01AT A TIME IN OUR CITY WHERE

17:04THERE DIFFICULTY WITH

17:07PROPERTY TAXES. BUT WE NEEDED

17:10TO ADD $1 MILLION IN 2027. WE

17:14ARE PROJECTING AND WE WILL NEED

17:17TO ADD ALMOS $1 MILLION IN

17:202028.

17:22AND ADDITIONAL MONEY IN 2029.

17:25AND THAT IS ALREADY BUILT INTO

17:26MY PROJECTIONS, SO FOR 2028,

17:29THAT'S ALREADY PART OF THE 4.53%

17:36PROJECTION. MOVING INTO OUR

17:40ENTERPRISE FUND. ENTERPRISE

17:42FUND HAS OUR PAID PARKING

17:44OPERATIONS, INDOOR ICE RINKS,

17:48OUR GOLF COURSES. THE SCULPTURE

17:50GARDEN, WATER WORKS, AND OUR

17:56LARGE PERMITTED EVENTS AND

18:00CONCESON AGREEMENTS. THE

18:02BIGGEST THING TO UNDERSTAND

18:04ABOUT OUR ENTERPRISE FUND IS

18:07THESE ARE TOTALLY

18:10SELF-SUPPORTING, SO IN THE PARK

18:12FUNDING MODEL WHERE ENTERPRISE

18:16FUNDS, BEST PRACTICE IS 20-40%

18:19PROPERTY TAXES FOR THE

18:20MINNEAPOLIS PARK BOARD, 0%

18:23PROPERTY TAXES GOO OUR

18:27ENTERPRISE FUNDS. AND SO THE

18:30REVENUE SOURCES ARE CHARGES FOR

18:33SERVICES. PARKING LOT, METER,

18:36AND COMMISSIONS AND RENTS.

18:44WE TAKE THE OPERATING REVENUE OR

18:47THE NET INCOME OF OUR OPERATIONS

18:51AND RE-INVEST IT BACK INTO THOSE

18:56FACILITIES, SO ALL THE CAPITAL,

18:57THE DEBT, AND THE OPERATING

18:59COSTS ARE TAKEN OFF OF THE

19:03PROPERTY TAX ROLES AND ARE

19:05COMPLETELY SUPPORTED AND FUNDED

19:07THROUGH THIS PROCESS.

19:16WE HAVE A SIX YEAR CAPITAL

19:18IMPROVEMENT PROGRAM IN OUR

19:21ENRPRISE FUND IN 2027 AND 28.

19:25THE TWO MAJOR CAPITAL

19:27IMPROVEMENTS WILL BE TO THE

19:29COLUMBIA GF COURSE CHALET

19:32BUILDING AND A PARKING LOT

19:34REDESIGN AND REPLACEMENT FOR

19:43THEODORE WORTH.

19:45THERE IS A GENERAL COMPONENT AS

19:46WELL AS THE GOLF COURSE. AS YOU

19:48KNOW, THAT'S A VERY LARGE PA.

19:52AND SO BOTH FUNDS WILL BE

19:55PARTICIPATING IN THAT CAPITAL

19:56PROGRAM.

20:01ENTERPRISE FUND, WE ARE ARE NOW

20:03INCLUDED IN TH STORM WATER

20:06UTILITY FEE, AND WE ARE

20:09CURRENTLY BUILDING OUR STORM

20:11WATER PROGRAM TO PROTECT THE

20:15WATER QUALITY WITN OUR SYSTEM.

20:21WE HAVE PROJECTED OUR NEEDS OUT

20:25THROUGH 2030.

20:26AND WE NEED TO DO THIS IN ORDER

20:30TO FALL IN LINE WITH THE CITY

20:33PROCESSES.

20:34SO FOR 2027 AND 2028, THE CITY

20:39DID NOT RECOMMEND AN INCREASE TO

20:41OUR STORM WATER FEE BECAUSE WE

20:44HAD UNSPENT FUNDS IN PRIOR

20:46YEARS, SO YOU'LL SEE THE

20:48STORMWATER FUND BALANCE IS BEING

20:52UTILIZED TO FUND OPERATIONS IN

20:542027 AND 2028.

20:56AND THEN IN 2029 WE WILL BE

20:59REQUESTING AN INCREASE.

21:02WE'VE ESTABLISHED CAPITAL

21:04PROGRAM FOR STORMWATER FUND, AND

21:12WE HAV THESE FIVE CATEGORIES

21:14THAT WILL BE THE START OF A

21:17CAPITAL PROGRAM IN THIS AREA.

21:22FOR INTERNAL SERVICE FUNDS, WE

21:26HAVE THREE INTERNAL SERVICE

21:28FUNDS.

21:29OUR I.T.S., OUR EQUIPMENT

21:33OPERATIONS, OUR MOBILE EQUIPMENT

21:35OPERATIONS, AND THEN OUR

21:36SELF-INSURANCE FUND.

21:41IN 2027, WE ARE UTILIZING SOME

21:43RESERVE BALANCES IN BOTH ASSET

21:47-- IN THE EQUIPMENT OPERATIONS

21:49AND I.T.S. TO MAKE SOME CAPITAL

21:53EQUIPMENT PURCHASES.

22:00OUR CAPITAL IMPROVEMENT PROGRAM,

22:01I WON'T SPEND TIME ON THIS. YOU

22:03HAD A SEPARATE PRESENTATION FROM

22:07DIRECTOR ARBINSON, BUT I DO WANT

22:09TO POINT OUT THAT OUR CAPITAL

22:11PROGRAM IS MUCH LARGE THAN JUST

22:15THE BONDING. WE HAVE BONDING

22:17PAYS FOR THE REGIONAL PARKS, AND

22:20THEN, I MEAN, BONDING PAYS FOR

22:23THE NEIGHBORHOOD PARKS, AND THEN

22:24WE HAVE ATE FUNDING THAT PAYS

22:27FOR THE REGIONAL PARK

22:30IMPROVEMENTS. WE HAVE A -YEAR

22:34NEIGHBORHOOD PARK PLAN. WE

22:35PROVIDE A REPORT TO THIS BODY

22:39ANNUALLY SO THAT ANNUAL REPORT

22:42IS AVAILLE ON OUR WEBSITE.

22:43WE HAVE A GUARANTEED ANNUAL

22:47MINIMUM AMOUNT THAT IS SET BY

22:50NCURRENT RESOLUTIONS, SO THAT

22:54IS SET THROUGH 2030. AND WE

22:56DEVELOP A SIX-YEAR CAPITAL

22:59PROGRAM UTILIZING OUR EQUITY

23:03ORDINANCE. WE HAVE TWO PORTIONS

23:09OF THIS FUNDING, REHABILITATION

23:13AND CAPITAL IMPROVEMENT.

23:15REHABILITATION IS BASED ON

23:19INVENTORIES, CONDITION

23:20SESSMENTS, AND PRIORITIZING

23:22PROJECTS. AND THEN CAPITAL

23:24IMPREMENT WE HAVE SEVERAL

23:27PHASES THAT TAKESEALISTICALLY

23:30A THREE-YEAR PROCESS.

23:32AND THE CHART BELOW SHOWS THE

23:34PERCENTAGE OF BUDGET THAT'S

23:38ALLOCATED BY YEAR.

23:40REHABILITATION PROGRAMS GET

23:42SPENT UP MORE QUICKLY. AND THEN

23:47THE CAPITAL INVESTMENT CES

23:51ONLINE OVER THE COURSE OF THAT

23:55THREE-YEAR PERIOD.

23:56SO OUR KEY DATE WE HAVE THREE

24:01MORE -- WE HAVE TWO MORE BRD

24:04MEETINGS, AND THEN WE HAVE THE

24:06BUDGET ADOPTION ON THE 15th.

24:10AND WE STAND FOR QUESTIONS.

24:11THANK YOU.

24:16>> THANK YOU FOR THIS

24:17PRESENTATION. I WILL ASK MY

24:20COLLEAGUES IF THERE ARE ANY

24:21QUESTIONS OR DISCUSSION RELATED

24:24TO THE PARK BOARD BUDGET

24:26PRESENTATION. I'LL FIRST

24:28RECOGNIZE COUNCIL PSIDENT

24:29PAYNE FOLLOWED BY VICE CHAIR

24:32SHAFFER.

24:32>> THANK U, CHAIR CHUGHTAI.

24:34ONE THING THAT'S BEEN ON MY MIND

24:36SINCE WE JUST WENT THROUGH THIS

24:38BIG DISCUSSION ABOUT THE FUTURE

24:42OF PUBLIC SCHOOLS, AND WE HAVE

24:45-- U'RE PRESENTING TO US AS

24:47CITY COUNCIL. WE'RE A SEPARATE

24:49GOVERNMENT UNIT. THE PARK BOARD

24:51IS A SEPARATE GOVERNMENT UNIT

24:52FROM THE SCHOOL BOARD. AND'M

24:53JUST LOOKING AT THE STRUCTURAL

24:55CHALLENGES THAT M.P.S. IS FACING

24:56AROUND ENROLLMENT.

24:59I WAS CURIOUS IF M.P.S. AND THE

25:00PARK BOARD ARE IN PARTNERSHIP

25:03AROUND ENROLLMENT STRATEGIES FOR

25:06YOUNG PEOPLE. BECAU I WOULD

25:08HOPE THAT THE KIDS THAT ARE

25:09PLAYING IN OUR PARKS ARE ALSO

25:10INTERESTED IN GOING TO OUR

25:11SCHOOLS AS WELL, BUT I DON'T

25:13KNOW IF WE'RE ACTUALLY DOING

25:14INTENTIONAL WORK AROUND MAKING

25:15SURE THAT THAT'S THE CASE.

25:27>> CHAIR CHUGHTAI, PRESIDENT

25:31PAYNE, COUNCIL MEMBERS, WE HAVE

25:32A LONG-STANDING RELATIONSHIP

25:33WITH THE SCHOOL BOARD. WE HAVE

25:36MANY SHARED USE SIS. WE

25:37PROVIDE THE FACILITIES FOR MOST

25:40OF THE COMPLEXES THAT THE SCHOOL

25:41BOARD DOES, AND WE ARE IN KIND

25:44OF MONTHLY CONVERSATIONS WITH TS

25:47KNOWING THAT THEY HAVE A REAL

25:48SIGNIFICANT GOAL NOW AROUND

25:50ENROLLMENT, I THINK WE'LL BE

25:51ROOKING FOR WAYS THAT WE CAN

25:52SUPPORT THAT. WE DON'T KNOW

25:54WHAT THOSE ARE YET.

25:55>> COUNT ME IN IN THOSE

25:57CONVERSATIONS IN WAYS THAT WE

25:58CAN ALL SUPPORT THAT.

25:59>> WONDERFUL, THANK YOU.

26:00>> THANK YOU.

26:01>> THANK YOU. NEXT I'LL

26:04RECOGNIZE VICE CHAIR SHAFFER

26:05FOLLOWED BY COUNCIL MEMBER

26:06STEVENSON.

26:07>> THANK YOU, CHAIR CHUGHTAI.

26:10THANK YOU. DEPUTY SECRETARY?

26:12NO, DEPUTY SUPERINTENDENT. I

26:13ALWAYS GOT THAT MIXED UP. HANK

26:15YOU FOR BEING HERE AND BOTH OF

26:17YOU FOR THE PRESENTATION. IT'S

26:19GRT TO HEAR. THIS INFORMATION

26:21IN A VERY SUCCINCT, THOUGHTFUL

26:23WAY. SO I APPRECIATE THAT. I

26:27ALSO APPRECIATE THE FACT THAT

26:27YOU STATED YOU'RE LOOKING FOR

26:29WAYS TO DRIVE REVENUE. AN YOU

26:33SPEAK TO NOW THAT YOU'VE HAD A

26:35FEW YEARS UNDER THE DISCOUNT

26:38MODEL FOR REC PROGRAMMING, HAVE

26:40YOU SEEN HOW THAT REVENUE HAS

26:44CHANGED FROM THE FEE-BASED MODEL

26:46WHERE WE STILL HAD FREE

26:49PROGMMING, BUT IT WAS MAYBE

26:50NOT A DIRECT ONLINE OPTION. AND

26:52CAN YOU SPEAK TO HOW THAT DATA,

26:54AND AT ONE POINT WHEN WE BEGAN

26:56THIS, YOU THOUGHT THAT MIGHT

26:56DRIVE INEASED REVENUE. I'M

27:00CURIOUS WHAT YOU HAVE SEEN SINCE

27:01A COUPLE OFEARS UNDER YOUR

27:03BELT.

27:03>> VICE CHAIR SHAFFER, CHAIR

27:05CHUGHTAI, COUNCIL MEMBERS, WE

27:06ARE SEEING THAT IT'S WORKING.

27:08AND WE'RE REALLY EXCITED ABOUT

27:11THAT. SO FOR COUNCIL MEMBERS

27:12WHO MIGHT NOT KNOW AS MUCH ABOUT

27:16THIS, SEVERAL YEARS AGO WE WERE

27:18IN A SITUATION WHERE SEVERAL OF

27:20OUR SITES BECAME WHAT WE WERE

27:22CALLING FREE SITES IN RELATION

27:23TO THE SITES THAT HAD REGULAR

27:25FEE STRUCTURES FOR PROGRAMMING.

27:29AND THAT ACTUALLY LEFT A DEFICIT

27:30IN OUR BUDGET BECAUSE WE DIDN'T

27:32HAVE A DIRECT SOURCE OF REVENUE

27:33THAT WAS GOING TO BE THERE.

27:34THERE WAS A HOPE MAYBE WE GET IT

27:37THROUGH SPONSORSHIP OR OTHER

27:38CATEGORIES, SO IT TOOK US

27:39SEVERAL YEARS TO THINK ABOUT HOW

27:40WEERE GOING TO MANAGE THAT.

27:42THE WAY WE ENDED UP MANAGING SIT

27:46WE CREATED A FEE STRUCTURE WHERE

27:48A COMMUNITY MEMBER WHO WANTS TO

27:49REGISTER FOR A YOUTH PROGRAM IS

27:50ABLE TO SELECT 100%, 70%, 50%,

27:5325% IN TERMS OF WHAT KIND OF

27:56PROPORTION OF THE FEE THAT

27:58THEY'RE ABLE TO CHARGE.

27:59THE OTHER BENEFIT IS WE NO

28:00LONGER HAD CERTAIN SITES THAT W

28:03ACROSS THE SYSTEM BECAUSE WE

28:04WERE SEEING A LOTF REALLY

28:07INTERESTING MOVEMENT AND

28:08BEHAVIOR ACROSS THE CITY AROUND

28:09THOSE FREE SITES. WHAT WE ARE

28:12SEEING IS THAT THIS HAS RELATED

28:14IN NO LONGER BEING A DEFICIT.

28:16WE ARE MEETING NEEDED REVENUE

28:18PROJECTIONS. IT'S WORKING A

28:19PERHAPS EVEN A LITTLE BETTER

28:20THAN EXPECTED. WE'RE THANK TO

28:22FEEL MINNEAPOLIS RESIDENTS WHO

28:24ACTUALLY DO WHAT THEY CAN IN

28:26THIS CATEGORY, AND WE ARE NOW

28:29MOVING THAT MODEL TO SENIOR

28:31PROGRAMMING AS WELL.

28:32>> AND IS IT SELF-SUSTAINING OR

28:34DOES IT STILL RUN AT A DEFICIT

28:37OVERALL?

28:37>> YOUTH PROGRAMMING, SOY,

28:41VICE CHAIR SHAFFER, CHAIR

28:43CHUGHTAI. YOUTH PROGRAMMING IS

28:45NEVER INTENDED TO COVER ALL THE

28:49STS. IT IS A PUBLIC GOOD. IT

28:51IS SUPPORTED BY PROPERTY TAX

28:54DOLLARS. AND SO I CAN'T

28:54REMEMBER WHAT THE NUMBER WAS.

28:56IT HAS INCREASED IN THE AMOUNT

28:59THAT WE ARE -- DO YOU HAVE A

29:00PERCENTAGE MAYBE?

29:01>> I W TRYING TO REMEMBER. I

29:03THINK WE'RE GOING TO HAVE TO

29:04SEND THAT TO YOU SEPARATELY SO

29:06WE DON'T GET IT WRONG.

29:08>> OKAY.

29:08>> IT IS DEFINITELY A HIGHER

29:10PERCENT THAN WE WE RECEIVING

29:11WHEN WE HAD FREE SITES. IT IS

29:12BETTER OVERALL.

29:13>> AND WHAT WOULD BE THE AREAS

29:16SPECIFICALLY TO THE FUTURE FOR

29:20DRIVING REVENUE?

29:21>> VICE CHAIR SHAFFER, CHAIR

29:23UGHTAI, THIS MIGHT ACTUALLY BE

29:23A MOMENT WHERE I HAND IT OVER TO

29:26DIRECTOR WISEMAN. SHE IS

29:28LEADING A REVENUE TEAM. WE'RE

29:31PULLING STAFF TO POOL IDEAS ON

29:32HOW WE'RE GOING TO GENERATE

29:33REVENUE.

29:37>> VICE CHAIR SHAFFER AND CHAIR

29:40CHUGHTAI, THE FIRST THING THAT

29:42WE ARE DOING IS WE ARE HIRING A

29:46SPONSORSHIP DEVELOPMENT PARTNER

29:49TO HELP US IDENTIFY CORPORATE

29:52SPONSORSHIPS, LARGER CORPORATE

29:55SPONSORSHIPS TO HELP SUPPORT OUR

29:57OPERATIONS AND HELP US PACKAGE

30:02THINGS THAT YOUB SOLD FOR THAT.

30:05BUT THIS REVENUE TEAM IS OUR

30:10STAFF THAT WORK IN OUR

30:12ENTERPRISE AREAS AND IN OUR

30:14REVENUE GENERATION AREAS OF OUR

30:16SYSTEM, AND THEY'RE VERY, VERY

30:19ENERGIZED. OUR BOARD IS VERY

30:22ENERGIZED. S IF YOU HAVE IDEAS

30:26OF WAYS TO RAISE REVENUE. IF

30:28YOU'RE IN ANOTHER PARK SYSTEM

30:30SOMEWHERE AND YOU SEE SOMETHING

30:33VERY UNIQUE, PASE SHOOT US

30:37THOSE IDEAS.

30:38WE ARE LOOKING TO DO, LIKE A

30:42PARKS ON TAP PROGRAM F.

30:43AND WE'RE WORKING RIGHT NOW WITH

30:47THE LEGISLATURE TO GET THE

30:49LEGISLATION ADJUSTED SO THAT WE

30:51CAN DO THAT. AND THAT WOULD BE

30:54A TRAVELING PARKS ON TAP THAT

30:57WOULD GO TO THE NEIGHBORHOOD

30:59PARKS. AND IT WOULD BE

31:00ASSOCIATED WITH THE FESTIVAL A

31:02THE PARK. AND IT WOULD BE THERE

31:05FOR CERTAIN LENGTH OF TIME.

31:08WE ARE LOOKING AT BILLBOARDS

31:14POTENTIALLY. AND NO DECISIONS

31:17HAVE BEEN MADE ON SOMETHING LIKE

31:19THAT. BUT WE HAVE LOOKED AT

31:21POTENTIALLY SPOTS WITHIN OUR

31:24SYSTEM THAT WOULD NOT BE, YOU

31:28KNOW, WE'RE NOT GOING TO PUT IT

31:29RIGHT IN THE MIDDLE OF A

31:30NEIGHBORHOOD PARK. IT'S GOING

31:32TO BE HIDDEN, SO WE'VE BEEN

31:35LOOKING FOR SPOTS FOR THAT.

31:40YEAH, AND MORE ACTIVATION ON THE

31:44WATER. THE HOT TUB BOATS, YOU

31:46KNOW, AND THOSE TYPE OF THINGS.

31:47SO WE ARE REALLY LOOKING AT

31:51EVERYTHING.

31:51>> NO, I REALLY APPRECIATE THE

31:53CREATIVITY, AND I'M GLAD TO HEAR

31:55SOME OF THOSE IDEAS ARE STILL IN

31:58THE PROCESS OF ANALYSIS. THE

31:59ONE THING SINCE YOU ASKED ABOUT

32:01IDEAS TO DRIVE REVENUE THAT I

32:03WILL JUST STATE PUBLICLY IS WE

32:07REALLY NEED TO GET THE VENDOR

32:09RESTAURANT STRAIGHTENED OUT AS

32:11SOON AS POSSIBLE. THIS WAS A

32:12CONCERN DURING MY TIME ON THE

32:14PARK BOARD, AND I AM LOOKING

32:15FORWARD TO SEEING THAT BE A

32:17MAJOR REVENUE DRIVER FOR THE

32:18PARK BOARD IN THE UPCOMING

32:20YEARS.

32:21LASTLY, MY LAST QUESTION WOULD

32:22BE, MY UNDERSTANDING IS THAT THE

32:25ENTERPRISE FUND DOES HAVE

32:26DIFFICULTY FUNDING THE FULL

32:27NEEDS OF THESE AMENITIES AS FAR

32:29AS RE-INVESTMENT NEEDS, ETC.,

32:31ETC.

32:32IS THAT CORRECT, NUMBER ONE.

32:33AND DO YOU EVER AICIPATE THAT

32:37THE ENTERPRISE FUND WOULD

32:40SUPPORT SOME OF THE CURRENTLY

32:43SUPPORTED IMS IN THE PPERTY

32:46TAX LEVY?

32:48>>ICE CHAIR SHAFFER, CHAIR

32:52CHUGHTAI, THAT IS TR. WE HAVE

32:55WORK TO DO IN THE ENTERPRISE

32:59FUND. AND OUR FOUR-YEAR

33:02PERFORMANCE GOAL FOR IDENTIFYING

33:06ADDITIONAL REVENUE ALSO INCLUDES

33:08THE ENTERPRISE FUND AS WELL AS

33:10THE GENERAL FUND. AND WE ARE

33:14ALWAYS LOOKING AT THE STRUCTURE

33:16OF THE ENTERPRISE FUND AND THE

33:18BUSINESS MODELS THAT ARE WITHIN

33:21IT. TO MAKE A TO MOVE THAT

33:24FUND TO BE MORE SUSTAINABLE.

33:28AT THIS TIME STAFF --T THIS

33:31TIME, STAFF DON'T RECOMMEND THAT

33:34ANY MONEY B SHIFTED OUT OF THE

33:37ENTERPRISE FUND INTO THE GENERAL

33:38FUND.

33:39WE DO HAVE A COUPLE OF SMALL

33:42THINGS THAT ARE TRANSRRED TO

33:44THE GENERAL FUND IN SUPPORT OF

33:45THE GENERAL FUND, BUT CURRENTLY

33:48WE NEED TO FOCUS THOSE EFFORTS

33:51WITHIN THE FUND ITSELF.

33:52>> THANK YOU. AND I HAVE ONE

33:54FINAL QUESTION. WHAT IS THE

33:55COMMITMENT OF THE M COUNCIL OR

33:59SWLRT FOR THE REAL STRAP THAT

34:01TOUCHES THE PARK SYSTEM? I

34:02NOTICED IN OUR LEVY INCREASE

34:03THAT WE HAVE, LIKE, 1.25

34:07ADDITIONAL STAFF FOR THAT

34:08PARTICULAR USE CASE. H THERE

34:09BEEN ANY COMMITMENT FROM THE MET

34:11COUNCIL IN SUPPORTING THAT RAIL

34:15STOP WHERE IT MEETSHE PARK

34:18SYSTEM?

34:18>> VICE CHAIR SHAFFER, CHAIR

34:21CHUGHTAI, COUNCIL MEMBERS, I AM

34:23NOT AWARE OF ANY SUPPORT COMING

34:24FROM THE MET COUNCIL ON THAT

34:27STOP. OTHER THAN WHAT THEY

34:29WOULD BE DOING AT NORMAL STS,

34:31RIGHT? I THINK THEY HAVE THEIR

34:32LEVEL OF CARE THEY PROVIDED.

34:33LET US TAKE A MOMENT TO SEE WHAT

34:35MORE I CAN FIND OUT ON THAT AND

34:37PROVIDE THAT INFORMATION TO THE

34:38COUNCIL.

34:39>> OKAY, THANK YOU. I

34:40APPRECIATE ANY DISCUSSION. AND

34:41LEVERAGING OUR COMMITMENT WITH

34:43ADDITIONAL COMMITMENT FROM THEM.

34:47>> THANK YOU.

34:48>> THANK YOU. I'LL FIRST NOTE

34:49THAT WE HAVE BEEN JOINED IN THIS

34:51COMMITTEE BY COUNC MEMBER

34:53STEVENSON AND RECOGNIZE HIM FOR

34:55DISCUSSION.

34:55>> THANK YO I JUST HAVE A

34:57COUPLE OF QUESTIONS. THE FIRST

34:59IS, I GET A LOT OF QUESTIONS

35:01FROM FAMILIES ABOUT THE

35:06RELATIONSHIP AND WHOSE

35:06RESPONSIBILITY IT IS FOR X, Y,

35:08AND Z FOR PARKS THAT ARE

35:10ATTACHED TO SCHOOLS.

35:12THIS THING IS BROKEN THOR THING

35:13IS SUBPAR. IS THIS THE PARK'S

35:15RESPONSIBILITY OR IS THIS THE

35:17SCHOOL'S RESPONSIBILITY?

35:18PARENTS DON'T REALLY CARE. THEY

35:20JUST WANT THE THING FIXED. CAN

35:24YOU TALK TO ME ABOUT HOW YOU'RE

35:28THINKING ABO THAT

35:31RELATIONSHIP? AND HOW I AND

35:33PARENTS MIGHT NAVIGATE ISSUES

35:35WHEN THINGS ARE SUBPAR AND THEY

35:37WANT THEM DEALT WITH?

35:39>> THAT'S GREAT. CHAIR

35:41CHUGHTAI, COUNCIL MEMBER

35:42STEVENSON, THAT'S A GREAT

35:46QUESTION. AS KIND OF A GENERAL

35:48RULE, YOU WOULD THINK OF

35:49TYPICALLY THE OUTSIDE AMENITIES

35:51AS MOST LIKELY BEING THE PARK

35:55BOARD'S RESPONSIBILITY. THERE

35:55MIGHT BE TYPICALLY A SMALL

35:59FOOTPRINT WITHIN A SHARED SITE

36:01OF THE PARK BOARD. AND THE

36:02MAJORITY OF IT BEING THE SCHOOL

36:04BOARD WHENOU THINK OF THE

36:05FACILITY. THAT MIGHT HELP WITH

36:06A LITTLE BIT OF WAY FINDING.

36:09HOWEVER, I WOULD ALWAYS

36:09RECOMMEND A COMMUNITY MEMBER

36:11SENDING THEIR QUESTION TO THE

36:12CUSTOMER SERVICE LINE AND OUR

36:14CUSTOMER SERVICE STAFF WILL BE

36:15REALLY GREAT AT HELPING GET THAT

36:17TO THE RIGHT PERSON TO RESPOND

36:19TO THAT QUESTION.

36:20>> HOW WOULD YOU DESCRIBE THE

36:25LATIONIP OR RELATIONSHIP OR

36:28PLANNING AROUND CAPITAL

36:29IMPROVEMENTS ON THOSE PARKS THAT

36:30ARE ATTACHED TO SCHOOLS.

36:34>> CHAIR CHUGHTAI, COUNCIL

36:36MEMBER STEVENSON, I WOULD SAY

36:38IT'S IMPROVING. I THINK ONE OF

36:40THE THINGS THAT WE ARE SEEING

36:42MORE AND MORE OUT OF TH SCHOOL

36:43BOARD IS A DEDICATION TO SOME

36:45OTHER NG-TERM PLANNING AROUND

36:47YOUR CAPITAL IMPROVEMENTS. AND

36:49THAT HELPS US BECAUSE WE LAY OUT

36:53A SIX-YEAR CAPITAL IMPROVEMENT

36:57PLAN AND PART OF THE REASON IS

36:58IT MAKES IT EASIER TO PARTNER

37:01WITH OTHERS TO LINE THINGS UP A

37:04LITTLE BIT. WE HAVE HAD GREAT

37:05LUCK WORKING WITH TOM PARENT ON

37:07SEVERAL FAST PITCH SOFTBALL

37:11PROJECTS THROUGHOUT THE SYSTEM.

37:13AND PROBABLY ALWAYS SOME ROOM

37:15FOR IMPROVEMENT WITH ANY

37:16GOVERNMENT AGENCY RELATIONSHIP,

37:17BUT I SEE IT ON THE UP.

37:21OKAY. AND HOW ARE YOU

37:23BUILDING AN N EQUITY INTO THE

37:26DECISIONS AROUND PARKS THAT ARE

37:28BEING REFURBISHED OR

37:30REDEVELOPED? AND MAYBE IN

37:31RELATIONSHIP TO THOSE SCHOOLS

37:33AND WHETHER THAT SCHOOL IS A

37:35HIGH POVERTY SCHOOL OR SOMETHING

37:38LIKE THAT.

37:39>> CHAIR CHUGHTAI, COUNCIL

37:40MEMBER STEVENSON, SO FORS AT

37:43MINNEAPOLIS PARKS WE HAVE A

37:44RACIAL EQUITY METRICS OR EQUITY

37:46METRICS THAT WE USE FOR ALL OF

37:48OUR CAPITAL PROGRAMS. THAT

37:49LOOKS AT A WHOLE HOST OF

37:52CHARACTERISTICS THAT RANGE FROM

37:53KIND OF COMMUNITY

37:54CHARACTERISTICS INCLUDING

37:57CONCENTRATED AREAS OF POVERTY AS

37:59WELL AS THE ACTUAL CONDITION OF

38:00THE ASSET.

38:01AND HOW MAYBE RECENTLY WE HAVE

38:03BEEN IMPROVING SOMETHING WITHIN

38:06THAT PARK. SO WE HAVE OUR

38:08CAPITAL IMPROVEMENT PROGRAM LAID

38:08OUT ON THAT.

38:10I'M NOT CERTAIN AT THIS POINT IF

38:11THE SCHOOLOARD HAS SOMETHING

38:13SIMILAR TO THAT. BUT THAT'S

38:15WHERE US HAVING LAID OUT IN A

38:17SIX-YEAR PLAN HELPS US LOOK WITH

38:19THE SCHOOL BOARD TO SEE WHERE

38:22THAT MIGHT BE THE RIGHT MATCH

38:23DOWN THE ROAD.

38:26>> OKAY, THANK YOU. AND THEN

38:28COST RECOVERYS OBVIOUSLY VERY

38:30IMPORTANT. AND WE'RE ALL

38:32LOOKING AT HOW TO MAKE MORE

38:34MONEY FOR OUR LOCAL GOVERNMENTS

38:37TO EASE TAX PAYERS AND EASE

38:38PROPERTY TAXES.

38:40I'M CURIOUS I DON'T WANT TO LOSE

38:42SIGHT OF THIS, THOUGH. HAVE YOU

38:45EXPLORED AT ALL HOW CT

38:47RECOVERY MIGHT BE DEPRESSING

38:50ACTITION IN CERTAIN WAYS?

38:59CHAIR CHUGHTAI, COUNCIL MEMBER

39:01STEVENSON, CAN YOU JUST SAY A

39:03LITTLE BITORE ABOUT THAT

39:04QUESTION SO THAT I CAN PROPERLY

39:05ANSWER?

39:06>> YEAH, I GUESS I'M THINKING

39:08ABOUT, YOU KNOW, CHARGING FOR

39:09CERTAIN SERVICES THAT USED TO BE

39:11FREE. AND HOW MANY KID ARE

39:12USING THOSE? AND CHARGING FOR

39:16CEAIN COMMERCIAL ACTIVITY ON

39:18OR AROUND PARKS.

39:19AND IF THAT MIGHT DRIVE IT AWAY.

39:21OR THESE SORTS OF THINGS.

39:25>> GREAT. CHAIR CHUGHTAI,

39:27COUNCIL MEMBER STEVENSON, SO ONE

39:28OF THE THINGS THAT WE THINK A

39:30LOT ABOUT IS THAT PUBLIC GOOD

39:32MODEL. SO WE TRY TO MAKE SURE

39:34THAT TRE'S A ROBUST AMOUNT OF

39:37PROGRAMS AND SERVICES WITHIN THE

39:40PARK SYSTEM THAT PEOPLE CAN

39:41ACCESSREE OR AT A VERY LOW

39:43COST. WE LOOK THEN AT THE VERY

39:45TOP OF THAT PYRAMID AS THINGS

39:47THAT MIGHT BE HIGHLY

39:49INDIVIDUALIZED AND THAT WE WOULD

39:50EXPECT INDIVIDUALS TO PAY MORE

39:52FOR. EVEN IN THOSE HHLY

39:55INDIVIDUALIZED SCENARIOS WE

39:57TYPICALLY HAVE SOME SCHOLARSHIP

39:59PROGRAM AND SOME TYPE OF MEANS

40:01OF MAKING SURE THAT SOMEBODY

40:02DOESN'T LE ACCESS BECAUSE OF

40:04OUR NEED TO DRIVE REVENUE GENER

40:08ONE OF THE THINGS THAT WE TALK

40:10JUST A LITTLE BIT ABOUT IN THIS

40:13MEETING IS FOR THE YOUTH

40:14PROGRAMMING WHERE WE'VE CREATED

40:16KIND OF A SLIDING SCALE WITH THE

40:18INTENT THAT A COMMUNITY MEMBER

40:20KNOWS BEST WHERE THEY ARE AT AND

40:23ABLE TO BE PROVIDE EITHER FULL

40:26PAYMENT ON A PROGRAM OR SOME

40:28TYPE OF REDUCED PAYMENT. WE'RE

40:30NO LONGER ASKING FOR A WHOLE

40:31BUNCH OF DATA FROM INDIVIDUALS.

40:33WEE LETTING THEM MAKE THIS

40:34CHOICE. WE'RE HAPPY THAT

40:35MINNEAPOLIS RESIDENTS SEEM TO BE

40:37DOING A REALLY GREAT JOB OF

40:38CHOOSING WHAT THEY CAN PAY.

40:40BUT OUR INTENT AS A PUBC

40:42AGENCY IS ALWAYS TO MAKE SURE

40:44THAT WE DO NOT CREATE BARRIERS

40:46TO ACCESS WHILE WE WERE ALSO

40:48TRYING TO GENERATE REVENUE. SO

40:49THAT'S WHY WE END UP LOOKING AT

40:51SEVERAL TYPES OF SCHOLARSHIP OR

40:53REDUCED RATE PROGRAM FOR

40:54INDIVIDUALS.

40:56>> OKAY, THANK YOU.

40:58>> THANK YOU. NEXT I'LL

41:00RECOGNIZE COUNCIL MEMBER VETAW.

41:02>> THA YOU, CHAIR CHUGHTAI. I

41:05AM SO HAPPY TO HEAR YOULL TALK

41:08ABOUT REVENUE GENERATING STREAMS

41:09OF INCOME, ESPECIALLY BECAUSE I

41:12HAVE TWO HUGE PROJECTS HAPPENING

41:14IN NORTH MINNEAPOLIS THAT IS

41:16UPPER HARBOR TERMINAL AND NORTH

41:18COMMONS.

41:18I SAW THAT THE R.F.P. WENT OUT

41:20FOR CONCESSIONS AT NORTH

41:24COMMONS. THAT'S THE REALLY BIG

41:29DEAL, BUT I'M HOPING THERE ARE

41:32OTHERHINGS THAT WILL BE

41:34UNDERWAY AROUND REVENUE

41:35GENERATING. I HAVE S MAN

41:37IDEAS ABOUT REVENUE GENERATING

41:40INCOME, ESPECIALLY ON THE NORTH

41:42SIDE, AND JUST THOSE WONDERFUL

41:44SPACES THAT ARE GOING TO BE

41:45THOSE TWO PARKS.

41:47IN PARTICULAR, UPPER HARBOR

41:48TERMINAL, I C'T REMEMBER, IS

41:50THERE GOING TO BE A BUILD, A

41:53FACILITY THERE THAT WILL HAVE

41:56CONCESSIONS OR ANYTHING?

41:57>> CHAIR CHUGHTAIOUNCIL

41:58MEMBER VETAW, AT THIS POINT

42:01THERE IS NOT A REVENUE, LIKE,

42:03CONCESSION FACILITY AT UPPER

42:05HARBOR TERMINAL.

42:06>> OKAY, YEAH, SON AND THE

42:07FUTURE OF THAT BEING A CAPITAL

42:10PROJECT AND HAVING THE ACTL

42:12STRUCTURE THERE AND WEDDINGS AND

42:16BE GREAT. WHO DOESN'T WANT TO

42:18GET MARRIED AND THE RIVER? THAT

42:20WOULD BE GREAT. FANTASTIC. AND

42:24SO, THERE'S SOME PARKS UP IN

42:25WARD FOUR THAT ARE REALLY

42:28UNDETILIZED, I BELIEVE, AND

42:29THERE'S ONE IN PARTICULAR THAT

42:31NOW IS JUST BOOMING. VICTORY

42:34PARK. THAT SPLASH PAD HAS JUST,

42:36I MEAN, EVERY SINGLE DAY JUST

42:397:00 IN THE MORNING, THERE WERE

42:41KIDS, AND I HAD PARENTS TELL ME,

42:43I HAD TO TELL MY CHILDREN IT WAS

42:46BROKEN AND THEN REROUTE AROUND

42:48IT SO I DIDN'T HAVEO GO TO THE

42:50SPLASH PAD EVERY MORNING.

42:53AND THAT PARK IS JUST -- I MEAN,

42:55THAT BEAUTIFUL SPLASH PAD HAS

42:56NOW JUST BROUGHT SO MANY

42:59FAMILIES OUTSIDE AND UP TO THAT

43:00PARK.

43:01SO I HOPE WE LOOK AT MORE

43:03PROJECTS LIKE THAT AND THEN

43:04FIGURE OUT, LIKE, DO WE HAVE

43:07SMALLER CONCESSIONS THERE FOR

43:09SMALL BUSINESS OWNERS? WILLHE

43:12PARK BOARD PARTNER WITH FOLKS TO

43:13HAVE A FOOD TRUCK OR SOMETHING

43:15OUT THERE AT TIMES? SO THERE'S

43:19VENUE GENERATING STREAM THERE.

43:21I KNOW THERE WAS A SITUATION

43:22WHEN I WAS ON THE PARK BOARD

43:23WHERE WE HAD TO TRANSITION FROM

43:25THE STRUCTURE TO A FOOD TRUCK,

43:26BUT THE PARK BOARD STILL GOT A

43:29PERCENTAGE OF THE REVENUE THAT

43:30THAT VENDOR HAD. SO DO WE HAVE

43:33MORE OF THOSE RELATIONSHIPS

43:34WHERE IT'S NOT ABOUT A PHYSICAL

43:38BUILDING? BUT THE PARK BOARD

43:40CANARTNER WITH VENDORS AND

43:43HAVE A CART OR A FOOD TRUCK OR

43:46SOMETHING OF SOME KIND. AND YOU

43:48ALL BENEFIT FROM A PORTION OF

43:51THE REVENUE AND WE HAVE A SMALL

43:53BUSINESS I COMMUNITIES THAT

43:55WOULD HAVE NEVER HAD AN

43:56OPPORTUNITY BECAUSE MOST PEOPLE

43:57ARE LOOKIN FOR BRICK ANDMORER

43:58TO. I WOULD LOVE TO SEE MORE OF

44:01THAT UP THERE. JENNY LIND IS

44:03BEING USED A LOT MORE.

44:05I SEE A LOT OF FOOTBALL TEAMS UP

44:07THERE. I SEE BASEBALL. A LOT

44:09OF THINGS ARE GOING ON, AND

44:11THERE'S NOTHING THERE FOR, YOU

44:13KNOW, PARENTS TO GRAB A SNACK

44:15REALLY QUICK OR WATER, GATORADE,

44:18ALL THESE THINGS THAT YOU

44:20TYPICALLY SEE FAMILIES

44:22PURCHASING OR IN NEED OF WHEN

44:25THESE LONG TOURNAMENTS ARE GOING

44:26ON OR THESE LONG GAME

44:28I'VE BEEN SEEING MORE PEOPLE UP

44:30AT OLSON, SO SHILE CREEK PARK.

44:33I'M SEEING PEOPLE OUT. I HAVE

44:34JUST REALLY HOPE THAT THEARK

44:37BOARD IS PAYING ATTENTION AND

44:41STARTS TO BUILD UP NEEDS FOR THE

44:43USE OF THE PARKS. AND NOT LET

44:46AN OPPORTUNITY TO GENERATE

44:48REVENUE SLIP BY BECAE PEOPLE

44:49ARE -- I LOVE THE IDEA AROUND

44:52BILLBOARDS.

44:52I MEAN, WE GOTHESE PARKS THAT

44:56ARE GOING TO BE NOT IN THE

45:03MIDDLE OF NEIGHBORHOODS AND CAN

45:06GERATE MONEY FOR SURE. PLEASE

45:07COUNT ME IN FOR MORE REVENUE

45:09GENERATING OPPORTUNITIES, AND

45:11KEEP ME POSTED ON UPPER HARBOR

45:13TERMINAL AND WHAT'S HAPPENING

45:14OVER THERE. I KNOW YOU HAD A

45:17RECENT RIBBON CUTTING THERE.

45:19IT'S BEAUTIFUL.

45:20THE PATHWS ARE GREAT. THE

45:26BIKE PATHS T WALKING PATHS, I AM

45:29SEEING MORE PEOPLE OUT THERE

45:31NOW. I AM HAVING CONSTITUENTS

45:33REACH OUT AND SAID THEY WERE UP

45:34THERE. AND THE UPPER HARBOR

45:35TERMINAL GRAIN SILOS, WHAT IS

45:37GOING TO HAPPEN WITH THAT? I

45:39KNOW WE'VE HAD AN UPTICK I

45:40URBAN EXPLORERS OVER THERE AND

45:42JUST WONDERING WHAT'S THE FUTURE

45:47OF THAT?

45:48>> CHAIR CHUGHTAI, COUNCIL

45:50MEMBER VETAW, THANK YOU FOR ALL

45:52THOSE QUESTIONS AND

45:53OBSERVATIONS. SO I'M GOING TO

45:54TRY TO HIT A FEW OF THEM AND

45:56REMIND ME IF I MISS ANY OF THEM.

45:58FIRST OF ALL, I LOVE THAT YOU

45:59NOTICE WE DID CONCESSIONS R.F.P.

46:03FOR NORTH COMMONS.

46:04SO WHEN WE THINK ABOUT NORTH

46:06COMMONS AND BRINGING THAT

46:08FACILITY KWLIEN, YOU'VE ALL

46:10HEARD A LOT ABOUT THE PROPERTY

46:10TAX INCREASE WE'RE ASKING FOR

46:12THERE. BUT WE ARE ALSO

46:14ANTIPATING A REVENUE INCREASE

46:15THERE, AND WE'VE BUILT THAT INTO

46:17OUR BUDGETS AS WELL BECAUSE

46:18THERE WILL B OPPORTUNITY FOR

46:19REVENUE GENERATION.

46:21AND THEN I THINK IN GENERAL KIND

46:24OF IN THAT SAME CATEGORY IS ALL

46:26OF THESE PLACE WHERE IS YOU'RE

46:27SEEING INCREASED PARTICIPATION

46:29IN PARKS, WE HAVE AN EYE ON

46:30THAT, TOO. WE ACTUALLYAVE

46:32SEVERAL DIFFERENT WAYS OF BEING

46:34ABLE TO POTENTIALLY HAVE

46:37INDIVIDUALS ENTER INTO SOME TYPE

46:39OF REVENUE GENERATION WH US.

46:42SO IT MIGHT BE A SMALL FOOD

46:43VENDOR THAT MIGHTE SOMETHING

46:45THAT WE ARE LOOKING AT OR A FOOD

46:48TRUCK, SOMETHING THERE WRE

46:48PEOPLE ARE JUST KIND OF GETTING

46:51INTO IT. THAT ACTUALLY DOESN'T

46:52GENERATE A WHOLE LOT OF REVENUE

46:53FOR US, BUT IT DOES PROVIDE A

46:56SERVICE FOR THE COMMUNITY AND

46:59IT'S GREAT FOR THAT ENTRY LEVEL

47:01VENDOR.

47:02ONE OF THE AREAS THAT WE HAVE

47:03BEEN GROWING RIGHT NOW IS IF WE

47:04CAN HAVE A VENDO WHO GETS INTO

47:07A LONG-TERM RELATIONSHIP WITH US

47:08WITH THE FOOD TRUCK. AND WE ARE

47:10ABLE TO MAYBE PROVIDE ADDITIONAL

47:12TABLES AND CHAIRS OUTSIDE OF IT

47:13AND MAKE ATE LITTLE BIT OF A

47:16CONSTANT AND EXPECTED. AND WE

47:18ACTUALLY SEE THE REVENUE

47:20GENERATION OUT OF SOMETHING LIKE

47:20THAT GO UP SIGNIFICANTLY.

47:23SO WE ARE ADDING SOME OF THOSE

47:25TYPES OF PIECES WHERE SOME OF

47:26THE FIRST ACCESSES HAVE ACTUALLY

47:29BEEN AROUND THE CENTRAL RIVER

47:31FRONT IN THAT CONTEXT. THOSE

47:34ARE PIECES OF THOSE THAT ARE

47:35FAMILIAR WITH E LARGER

47:37CONCESSIONS. AND WE WILL BE

47:38PUTTING OUT AN R.F.P. SHORTLY

47:43FOR THE OTHER SITE.

47:47SO THAT WAS PART OF IT. AND I

47:50DON'T HAVE A FIRM ANSWER FOR YOU

47:51ON THE SILOS AT UPPER HARBOR

47:54TERMINAL, BUT THAT IS A

47:55PERSISTENT ISSUE FOR US. WE

47:56HAVE SOME SIGNIFICANT RISK

47:58MANAGEMENT TO DO THERE BECAUSE

47:59OF THE URBAN EXPLORER, AND WE

48:01ARE WORKING ON A SOLUTION THERE.

48:04AND WE DO AICIPATE OVER TIME,

48:06SO THE SAME GROUP, SO THE

48:08DOWNTOWN PARKS GROUP WHO IS

48:09ACTIVATI COMMONS, WATER WORKS,

48:12CENTER RIVER FRONT, ALL THOSE

48:14PLACES, THEY ARE ALSO GOING TO

48:15BE ACTIVATING UPPER HARBOR

48:17TERMINAL AS WELL,RIGHT? THAT

48:18IS THE SAME GROUP AND THAT WORK

48:20WE WILL BE DOING TO GENERATE NOT

48:23ONLY PARTICIPATION BUT HOPEFULLY

48:24REVENUE AS WELL.

48:27>> THANK YOU. NEXT WE HAVE

48:28SEVERAL COUNCIL MEMBERS IN QUEUE

48:31STILL. NEXT I'LL RECOGNIZE

48:33COUNCIL MEMBER PALMISANO

48:33FOLLOWED BY COUNCIL MEMBER

48:36RAINVILLE.

48:37>> THANK YOU. AND THANK YOU FOR

48:38COMING TO MAKE THIS

48:41PRESENTATION. I APPRECIATE THAT

48:43THIS PART OF CY GOVERNMENT,

48:45OUR PARK BOARD AS COUNCIL

48:47PRESIDENT PAYNE SAID S ONE OF

48:49THE FEW DEPARTMENTS WITH AN

48:50INCREASE IN FUNDING THIS YEAR,

48:52AND THAT'S YOUR BUSINESS. WE

48:53DON'T HAVE A ROLE IN HOW THAT

48:55MONEY GETS MOVED AROUND OR USED.

48:59BUT BECAUSE OF THAT, I NEED TO

49:03CONTINUE TO VOICE MY FRUSTRATION

49:05TH THE PARK BOARD REFUSES TO

49:09RECOGNIZE GRAS LAKE IN THE

49:10KENYON NEIGHBORHOOD AS SOMETHING

49:11THAT NEEDS SOME MAINTENANCE.

49:13I AM AAYS BEGGING FOR IT TO

49:16WORK THE SAME WAY, ACTUALLY A

49:18LOT LESS THAN IT DOES FOR EVERY

49:21OTHER CITY LAKE. THE PEOPLE IN

49:23THE KENYON NEIGHBORHOOD SEE IT

49:24AS A LAKE. I REJECT THE NOTION

49:26THAT IT'S A WETLAND, THEREFORE,

49:29HANDS OFF AND THE CITY DIDN'T

49:32CREATE IT AND LIKE IT DID OTHER

49:34PUBLIC WORKS AND RETENTION

49:36AREAS.

49:37PUBLIC WORKS WHO I LEAN ON TO GO

49:40AND HELP WHEN SOMETHING IS

49:41NEEDED THERE, AND THE PARK BOARD

49:43ND TO GET INTO THIS BACK AND

49:46FORTH TURF BATTLE, AND IT REALLY

49:49SHOULDN'T BE. I'VE BEEN NICE

49:50ABOUT IT FOR MANY YEARS, AND I

49:52FIND IN MY OWN EXPERIENCE THAT

49:59PUBLIC WORKS IS ALWAYS PICKING

50:00UP THE SLAT. IT TOOK SEVERAL

50:02MONTHS TO GET A PARK BENCH OUT

50:05THERE FOR FLETCHER MERKEL AND

50:08THE NEIGHBOOOD BODY PAYS FOR A

50:10SHARED EASEMENT FOR, AND WE WERE

50:12ABLE TO MAKE IT WORK OUT, BUT IT

50:14SHOULDN'T BE THAT HARD ALL THE

50:15TIME.

50:18GRASS LAKE IS A BEAUTIFUL NATURE

50:21ARS. YOU CAN ACTUALLY WALK

50:22AROUND IT THANKS TO RESIDENTS

50:24WHO HAVE MADE A PAVED PATH AND

50:27MAINTAIN A PAVED PATH. AND

50:31RIGHT NOW IT'S A PUBLIC ASSET

50:33THAT'S ONLY MAINTAINED BY

50:35VOLUNTEERS WHO'VE DONE SO FOR

50:36YEARS AND ARE FRANKLY, GETTING

50:40OLDER. AND I THINK WE NEED --

50:45WE HAVE THIS FAMOUS STORY ABOUT

50:46SOUTHWEST MINNEAPOLIS.

50:49IT'S WHERE FLETCHER MERKEL

50:52CAUGHT A FISH WHERE PEOPLE TOLD

50:53HIM HE COULDN'T, AND THIS IS

50:55DEEPLY IORTANT TO THE

50:57COMMUNITY.

50:58THESE NEIGHBORS CAN'T DO THE

51:00MATENANCE ON IT FOREVER. WE

51:02NEED TO COME TO SOME KIND OF

51:04MEMORANDUM OF UNDERSTANDING.

51:05HERE WITHIN THE CITY, IT IS THE

51:07SAME EXPERIENCE FOR RESIDENTS,

51:08BUT ONE THAT HELPS ALL OF US AND

51:12ESPECIALLY THESE RESIDENTS WHO

51:13HAVE INVESTED AND CONTINUE TO

51:16INVEST MASSIVE AMOUNTS OF TIME

51:19INTO THIS PUBLIC SPACE. SO I DO

51:22HOPE THAT THAT COULD BE ONE OF

51:24YOUR INITIATIVES IN THE COMING

51:29YEARS.

51:30>> CHAIR CHUGHTAI COUNCIL

51:32MEMBER PALMISANO, MAYBE WE

51:34SHOULD TALKORE ABOUT GRASS

51:35LAKE. GRASS LAKE ISN'T ACTUALLY

51:37A LAKE THAT'S SURROUNDED BYAND

51:38THAT THE PARK BOARD OWNS. IT IS

51:40ACTUALLY A LAKE THAT IS

51:41SURROUNDED BY LAND THAT THE CITY

51:44OWNS. AND SO WE HAVE NOT GIVEN

51:46IT THE SAME STANDARD LEVEL OF

51:48CARE BECAUSE IT'S NOT SOMETHING

51:49THAT IS WITHIN OUR JURISDICTION.

51:51SO WE SHLD -- AND I KNOW YOU

51:52AND I WORKED QUITE HARD ON THE

51:54BENCH. I THINK WE CAME TO A

51:55REONABLE RESOLVE THERE. BUT

51:58WE SHOULD PROBABLY TALK MORE

51:59ABOUT THE LONG-TERM FUTURE OF

52:00GRASS LAKE.

52:01>> YEAH, WE DO NEED TO BECAUSE

52:03WHO MOWSIT, HOW WE TAKE CARE OF

52:06IT, HOW DO WE RESPOND TO

52:07PROBLEMS OF IT, PARTF IT HAS

52:09PRIVATE OWNERSHIP, BUT THE

52:11PUBLIC PART IS REALLY T SAME

52:14TO THE RESIDENTS WHEREVER WE ARE

52:16IN IT.

52:17AND IT DOES HAVE SOME UNIQUE

52:20WATERSHED OPERTIES. IT SHARES

52:22A WATERSHED WITH PAR OF

52:26RICHFIELD AND GOES UNDERNEATH

52:28THE HIGHWAY.

52:29AND WE DO COME TO AN AGREEMENT

52:31WHERE IT'S MAINTAINED IN A WAY

52:34TH IS THE NATURE AREA THAT

52:37PEOPLE USE. ESPECIALLY PEOPLE

52:40IN THAT COMMUNITY.

52:43>> THANK YOU. NEXT I'LL

52:45RECOGNIZE COUNCIL MEMBER

52:45RAINVILLE FOLLOWEDY VICE CHAIR

52:47SHAFFER.

52:49>> THANK YOU, CHAIR. SO MY

52:51COMMENTS ARE TO BOTH STAFF AND

52:54TO LEADERSHIP. AND I LIVE ABOUT

52:56A BLOCK AND A HALF UP FROM THE

52:58RIVER FRONT. I'VE LIV -- I

53:00GREW UP FOUR BLOCKS AWAY.

53:04SO FIRST OF ALL, AND

53:06CONGRATULATIONS ON THE

53:07TRANSFORMATIVE CHANGES TO THE

53:09RIVER FRONT, AND THIS IS

53:10ABSOLUTELY THIS AMAZING TO

53:12CONVERT THAT INDUSTRIAL SPACE

53:13INTO PARKLAND. AS A RESULT OF

53:16YOUR GREAT WORK, 'S BEING

53:18USED. YOU HAVE A LOT OF

53:19CUSTOMERS DOWN THERE. AND TO

53:22PIGGY BACK ON COUNCIL MEMBER

53:24VETAW'S SUGGESTION ABOUT FOOD

53:25TRUCKS OR SOME TYPE OF MOBILE

53:29VENDORS,HETHER IT'S AT FATHER

53:31HENNEPIN PARK WHERE YOU HAVE

53:33RESTROOMS ALREADY OR BOOM ISLAND

53:35PARK, GRAYCO PARK WHERE YOU HAVE

53:37RESTROOMS ALREADY. AND UPPER

53:40HARBOR AND THE INITIAL

53:42INFRASTRUCTURE THERE A YOU

53:42HAVE THE CONSUMERS. YOU HAVE

53:44THE CUSTOMERS FOR THE PRIVATE

53:47SECTOR TO MAKE MONEY AND THUS

53:48FOR YOU TO GET SOME OF THAT

53:51REVENUE.

53:53SO I WOULD JUST NOT ONLY FORM A

53:56HANDS ON DECK AND START LIGHTING

53:59SOME FIRES UER PEOPLE

54:00SEASONAL OPPORTUNITY, YOU KNOW,

54:01THERE ARE TWO TYPES OF ACTIVITY

54:02ON THAT RIVER FRONT. THERE IS A

54:05SEASONAL ACTIVITY BECAUSE

54:05EVERYBODY LOVES SUMNER

54:07MINNESOTA. BUT THE THERE IS

54:08THE WINTER. YOU DON'T HAVE TO

54:09HAVE A VENDOR THERE ALL THE

54:11TIME, BUT YOU ARE REALLY, REALLY

54:13MISSING THE OPPORTUNITY TO HAVE

54:14SEASONAL VENDORS ALONG THAT

54:16RIVER FRONT.

54:20THANK YOU. >> THANK YOU.

54:21>> THERE WE GO. PRESIDENT

54:23OLSON.

54:23>> WE WILL NOTE THAT PRESIDENT

54:26OLSON HAS THE JOINED US IN THE

54:28CHAMBERS TO, WELCOME.

54:29>> YEAH, SO CHAIR CHUGHTAI,

54:32COUNCIL MEMBER RAINVILLE,

54:33COUNCIL MEMB VETAW, EVERYONE

54:35TALKING ABOUT THE REVENUE

54:36GENERATION IDEAS, THANK YOU FOR

54:38EM. IT'S SOMETHING THAT WE AS

54:40COMMISSIONERS HAVE BEEN PUSHING

54:41STAFF FOR AND JUST AS WE WERE AT

54:44UPPER HARBOR TERMINAL, SPEAKING

54:47WITH SHANE STENCIL, I DON'T KNOW

54:48HIS EXACT TITLE, BUT LEADS OUR

54:50WORK WH VENDOR AND VENDOR

54:53OPPORTUNITIES. AND I WAS SAYING

54:54EXACTLY TO HIM, WE SHOULD

54:56CONSIDER HAVING A BEER GARDEN.

55:00WE SHOULD CONSIDER VENDORS NEXT

55:01TO THE CONCERT BECAUSE IT IS A

55:02PLACE THAT PEOPLE ARE COMING TO,

55:04A PLACE TO ABSOLUTELY GENERATE

55:05SOME OF THE REVENUE.

55:06HE IS WORKING ON THAT. WE HAVE

55:08A TEAM THAT IS CONTINUING TO,

55:10YOU KNOW, CONSIDER THESE IDEAS

55:11AND SOME OF IT IS AT THE STATE

55:14LEVEL. WE HAVE TO CHANGE STATE

55:18POLICY AROUND BEER AND LIQUOR

55:19POLICY WITHIN OUR PARKS, AND SO

55:21WE'RE WORKING ON THAT. AND

55:22WE'RE UNABLE TO GET A LIQUOR

55:25BILL THIS LAST SESSION.

55:27WE DO HAVE STRONG ALLIES AT THE

55:28STATE LEVEL. HOPEFULLY IF

55:30THINGS GO WELL THIS YEAR, AND

55:31JUST A COUPLE OF WEEKS IN

55:33VEMBER THAT WILL BE ABLE TO BE

55:35SUCCESSFUL TO IMPLEMENT SOME OF

55:36THAT. CONTINUE TO REACH OUT TO

55:38YOUR DISTRICT COMMISSIONERS AND

55:39THE AT-LARGE COMMISSIONERS.

55:41THESE ARE ALL THINGS WE ARE

55:42EXCITE ABOUT IN ACTIVATING

55:44ESPECIALLY THAT RIVER FRONT

55:45AREA, AND WE'RE GOING TO BE

55:47TAKING ALL THESE IDEAS TO HEART.

55:50>> THANK YOU FOR THAT UPDATE.

55:53SHANE IS TREMENDOUS. HE IS A VD

55:57YOU'RE LUCKY YOU HAVE HIM. I W

55:59BEER AS ICE CREAM AND HOT DOGS.

56:02>> ME, TOO.

56:03>> YOU MIGHT THINK ABOUT BEER.

56:06I DON'T. SO ON ARCH BRIDGE,

56:08THAT ICE CREAM TRUCK, IT IS

56:09PHENOMENAL THE AMOUNT OF PEOPLE

56:10OUT THERE. I AM THERE FOR MY

56:13NIGHTLY WALKS ALL THE TIME. HE

56:15IS DOING LAND OFFICE BUSINESS.

56:16AGAIN, WHETHER IT'S UPPER

56:18HARBOR, GRAYCO OR FATHER

56:21HENNEPIN, YOU HAVE THAT EXISTING

56:22INFRASTRUCTURE THERE ALREADY.

56:23ADD A FEW TABLES AND CHAIRS OF

56:25COURSE, BUT YOU HAVE WHAT IS THE

56:26MOST IMPORTANT, WHICH IS THE

56:28RESTROOMS. AND USE THAT

56:30INFRASTRUCTURE TO GENERATE

56:31REVENUE AND TO ADD AMENITIES TO

56:34YOUR RIVER FRONT PARKS.

56:35>> YEAH. RESTROOMS, I THINK WE

56:39KNOW AT THE CITY LEVEL AS WELL,

56:42WE ENCOUNTER SIMILAR COST

56:43THINGS, BUT WE UNDERSTAND THAT

56:45IS A DRAW AND WHE YOU HAVE

56:47SOMETHING THAT SAYS, HEY, YOU

56:48CAN BE HERE AND SPEND TIME HERE,

56:50THAT CREATES A SENSE OF PLACE.

56:52SO ABSOLUTELY HEAR YOU. THA

56:53YOU.

56:54>> THA YOU. NEXT I WILL

56:55RECOGNIZE COUNCIL MEMBER

56:57SHAFFER.

56:57>> COUPLE QUICK THINGS. AND

56:58THEN I WILL GET OFF THE

57:00MICROPHONE HERE. NUMBER ONE IS,

57:02ADD THIS TO THE REVENUE LIST

57:05AROUND T CLOSING OF THE LATTE

57:08PENCIL SHARPENING. IT IS ALWAYS

57:09AN INFORMAL CLOSING OF THE

57:10PARKWAY THAT I DON'T THINK I

57:12NECESSARILY PERMITTED. I'M NOT

57:13UNCERTAIN ABOUT THAT. TWO YEARS

57:14AG I STUMBLED UPON IT, BUT I

57:17JUST -- WE REALLY HAVE AN

57:19OPPORTUNITY THERE TO HAVE SOME

57:20FOOD TRUCKS ALONG THE PARKWAY.

57:23WHEREVER IT IS CLOSED. THERE

57:24WAS UPWARDS OF 5,000 PEOPLE AT

57:28THISERY SOCIAL MEDIA DRIVEN

57:30ORGANIC EVENT, AND I THINK

57:31THAT'S A GREAT OPPORTUNITYOR

57:33THE PARK BOARD TO DRIVE REVENUE

57:34AND WORK WITH THE PROMOTER OF

57:36THAT EVENT, AND MAYBE YOU

57:37ALREADY ARE.

57:39SECONDLY, I WOULD SAY PLEASE

57:40DON'T FORGET ABOUT THE RESIDENTS

57:43OF THE MALL.

57:44WHENEVER MPRD DOES COMMUNITY

57:47ENGAGEMENT, THEY ARE VERY CARE

57:49TO FEEL TAKE INTO CONSIDERATION

57:50THAT IMPROVEMENTS THEY'RE MAKING

57:51AND THE CONSIDERATIONS OF THE

57:52PEOPLE WHO LIVE THERE.

57:54IT I NOT VERY OFTEN THAT WE

57:56IMPLEMENT PARK PLANS OR PARK

57:58LAND PLANS THAT GO AGAINST THOSE

58:01THAT LIVE IN THE IMMEDIATE AREA.

58:02I JUST WAN TO HIGHLIGHT THAT

58:04AND ASK THAT YOU TAKE THOSE

58:07CONSIDERATIONS INTO YOUR WORK AS

58:09THAT MOVES FORWARD IN 2028.

58:11BECAUSE THAT WOULD BE UNUSUAL

58:12FOR HOW WE DO IN COMMUNITY

58:15ENGAGENT.

58:17LASTLY, I WILL SAY THANK YOU FOR

58:19BEING WHO YOU ARE IN OUR CITY.

58:23CONSISTENTLY WHETHER IT'S

58:24THROUGH GREATER MSP OR OTHER

58:27ORGANIZATIONS, DATA SHOWS THAT

58:28PARKS ARE NUMBER O FOR OUR

58:29CITY.

58:29ONE OF THE NUMBER ONE AMENITIES

58:31THAT WE HAVE.

58:32AND SO FOR ME AS NOW A CITY

58:34COUNCIL MEMBER VERSUS PARK

58:35COMMISSIONER, I JUST WANT TO

58:37PUBLICLY SAY HOW IMPORTANT YOUR

58:38ROLES ARE.

58:39AND THAT I VALUE WHAT YOU'RE

58:41DOIN AND YOU ARE ONE OF THE

58:43BEST THINGS, THE DATA SHOWS,

58:46THAT WE HAVE TO TRUMPET ABOUT

58:47OUR CITY. AND I'M REALLY PROUD

58:49OF THE WORK YOU'RE DOING. I'M

58:51REALLY HOPEFUL THAT WE CAN

58:52CONTINUE A STRONGER PARTNERSHIP

58:54AND SUPPORT ACROSS THE UPCOMING

58:57YEARS.

58:59>> THANK YOU.

59:02>> THANK Y. I AM LAST IN

59:04QUEUE. AND JUST WANTED TO TALK

59:07WITH YOU -- THANK YOU FOR BEING

59:08HERE TODAY TO PRESENT YOUR 2027

59:10BUDGET. I KNOW IT'S BEEN A

59:12TOUGH ROAD FROM THE BEGINNING OF

59:13THE YEAR TO NOW. I KNOW YOU

59:14HAVE A TREMENDOUS AMOUNT OF WORK

59:16TO DO JUST LIKE WE DO IN THE

59:18LEAD UP TO THE 15th WHEN WE WILL

59:20BOTH ADOPT OUR BUDGETS.

59:25I ACTUALLY WANTED TO TALK TO YOU

59:28ABT THE BIDET PAVILION. I

59:32HAVE REA IN THE NEWS THAT THE

59:35AREA IS CLOSING. I'VE SEEN THEM

59:37TALK ABOUT HOW THEY ENDED UP IN

59:39THIS POSITION. AND THAT

59:44ULTIMATELY IT CAMEOWN TO

59:45$150,000 CAPITAL INVESTMENT OR

59:48CAPITAL OBLIGATIONS THAT LEAD TO

59:51THE CLOSURE.

59:53AND I THINK WE WANT TO REALLY

59:56FOCUS ON WHAT'S THE FUTURE OF

59:57THE PAVILION AS YOU'RE LOOKING

1:00:01AT BRINGING IN A N VENDOR, AND

1:00:03WHAT CAN WE ANTICIPAT AND

1:00:06EXPECT OVER THE COMING MONTHS

1:00:10THAT HOPEFULLY LEAD TO FURTHER

1:00:12ACTIVATION IN THAT AREA COME

1:00:15SPRING TIME?

1:00:16>> THANK YOU, CHAIR CHUGHTAI. I

1:00:18FEEL LIKE I'M GOING TO BE GIVING

1:00:20BREAKINGEWS AT THIS MOMENT.WE A

1:00:26WRAP-UP WITH THE EXISTING

1:00:27VENDOR I APPRECIATE YOU'RE

1:00:29ASKING ABOUT WHAT THE FUTURE IS.

1:00:31WE ANTICIPATE GOING OUT FOR AN

1:00:33R.F.P. FOR A NEW VENDOR. OUR

1:00:34HOPE THAT VENDOR IS IN PLACE TO

1:00:38START OUT THE SEASON COMING NEXT

1:00:41SPRING, SUMMER. WE ALSO IF

1:00:43YOU'RE FAMILIAR WITH THE SITE,

1:00:44YOU KN THERE IS A NORTH

1:00:45BUILDING AND A SOUTH BUILDING IN

1:00:47THAT PARTICULAR SITE. AND WE A

1:00:50REALLY STRONGLY ABOUT THE USE OF

1:00:53THAT SOUTH BUILDING.

1:00:56WE ARE IN SOME OF OUR GOLF

1:00:58COURSES STARTING TO TAKE SOME OF

1:00:59THE CONCESSIONS BACK ON

1:01:02OURSELVES. THAT MEANS WE END UP

1:01:04BENEFITTING FROM THE MAJORITY OF

1:01:05THE REVENUE. WE CAN KIND OF

1:01:09WITHSTAND THE LULL TIMES A

1:01:10WELL. SOME OF THE SPACES ARE

1:01:12DIFFICULT FOR VENDORS BECAUSE

1:01:14THEY HAVE TO STAFF THEM EVEN

1:01:16WHEN MAYBE IT'S MORE OUT OF

1:01:20VISITOR SERVICES AND THAN ACTUAL

1:01:21REVENUE GENERATION. WE'RE

1:01:22LOOKING AT THAT SOUTH BUILDING A

1:01:24LITTLE BIT DIFFERENTLY THINKING

1:01:26ABOUT HOW WE MIGHT STAFF IT

1:01:28OURSELVES. I THINK HAVING STAFF

1:01:30IN THAT SPACE AND ALSO HELPS

1:01:32WITH VISITORS, RESTROOMS, KIND

1:01:35OF A WHOLE HOSTF THINGS WE SEE

1:01:38BENEFICIAL AND STAFF ON SITE AT

1:01:39THE WATER WORKS SITE. WE

1:01:42PROBABLY HAVE SOME LEVEL OF

1:01:44SMALL, CONSISTENTONCESSIONS

1:01:45COMING OUT OF THAT. WE WOULDN'T

1:01:47WANT TO COMPETE WITH WHOEVER THE

1:01:48VENDOR IS ON THE NORTH BUILDING.

1:01:50YOU MIGHT EVEN SEE SOME ALONG

1:01:51THOSE LINES COME SOONER. IT

1:01:53JUST DEPENDS ON HOW QUICKLY TO

1:01:55PUT THAT CONCEPT TOGETHER. BUT

1:01:57YOU WILL FOR SURE SEE AN R.F.P.

1:01:59COMING OUT LOOKING AT WHAT WE

1:02:01WOULD BE ONING UP THERE IN THE

1:02:02SPRING.

1:02:04>> WONDERFUL. SO IF I'M

1:02:06TRACKING CORRECTLY, WE SHOULD

1:02:08ANTICIPATE A NEW -- THAT SPACE

1:02:11BEING FILLED BY THE TIME THE

1:02:14SPRING SEASON COMES AND WE HAVE

1:02:17SO MUCH ACTIVATION.

1:02:19AND THE IMPORTANCE AS YOU KNOW

1:02:22OF HAVING THE RIGHT SET OF

1:02:26AMENITIES AT THAT SPACE SO WE

1:02:28CAN CONTINUE TO GENERATE REVENUE

1:02:31THERE.

1:02:31>> I THINK WE HAVE A SHARED

1:02:35GOAL.

1:02:35>> AWESOME AWESOME. THANK YOU.

1:02:38>> I'LL NEXT RECOGNIZE COUNCIL

1:02:40MEMB VETAW.

1:02:41>> A QUESTION COME TO MIND.

1:02:42WILL THE NEW VENDOR HAVE TO G

1:02:44UNDER THE SAME AGREEMENT THAT

1:02:46THE ORIGINAL ONES WEN -- I

1:02:49REMEMBER THERE BEING A

1:02:50PERCENTAGE OF REVENUE, BUT ALSO

1:02:52TH $50,000 FEE OR WHATEVER IT

1:02:56WAS BECAUSE AT THAT TIME , THE

1:02:58PARK BOARD, HAD BUILT OUT THAT

1:03:02FACILITY. I CAN'T REMEMBER THE

1:03:03SPECIFICS, BUT IT SEEMS LIKE IS

1:03:05THAT STILL A PART OF IT?

1:03:10>> CHAIR CHUGHTAI, COUNCIL

1:03:11MEMBER VETAW, WHEN WE ENTER INTO

1:03:14NEGOTIATIONS WITH A NEW VENDOR,

1:03:17THERE IS PROBABLY A WHOLE HOST

1:03:19OF THINGS IN THEM. I CAN'T

1:03:21PREDICT AT THIS MOMENT WHAT

1:03:22EXACTLYHE TERMS WILL BE.

1:03:23THERE IS A LOT OF VARIABLES AND

1:03:25WHAT THAT VENDOR IS BRINGING TO

1:03:26THE TABLE. HOW LONG OF A

1:03:27CONTRACT THEY'RE LOOKING FOR.

1:03:29WHAT LEVEL OF CAPITAL INVESTMENT

1:03:30WE NEED TO ACCOMMODATE THAT

1:03:32LENGTH OF CONTRACT. SO I WOULD

1:03:34HATE TO SPEAK TOO SOON ABOUT

1:03:35WHAT THE TERMS MIGHT BE. AND WE

1:03:37HAVE TO FIRST SEE WHICH VENDOR

1:03:40WOULD RISE TO THE BEST SELECTION

1:03:42NAR SPACE.

1:03:43OKAY. MAYBE YOU CAN'T ANSWER

1:03:45THIS, BUT I THINK I RECALL THERE

1:03:48BEING A 00,000 FEE OR

1:03:51SOMETHING THAT THE --

1:03:52>> CHAIR CHUGHTAI, COUNCIL

1:03:55MEMBER VETAW, YOU'RE AING KIND

1:03:57OF THE SPECIFICS OF THE EXISTING

1:03:58AGREEMENT. AND THERE'S KIND OF

1:04:00THREE PIECES OF THAT AGREEMENT.

1:04:04THERE IS A PIECE THAT IS RENT

1:04:06BASED ON TOTAL SALES. AND THEN

1:04:09WHEN WE WERE OPENING, REOPENING

1:04:11THIS AFTER THE RECONSTRUCTION,

1:04:14WE WERE LOOKING AT $50 # O,000

1:04:19FROM THE VENDOR TO OFFSET THE

1:04:21COST OF THE DEVELOPMENT. THAT

1:04:23TRANSLATED INTO A $50,000 A YEAR

1:04:26COMPONT. AND THEN THERE IS

1:04:29ONCE WE GET TO A COMN

1:04:32THRESHOLD, WE HAVE A COMMON

1:04:33SINKING FUND BUILT INTO OUR

1:04:34CONTRACT AS WELL.

1:04:35WE LOOK AT FULL RANGE OF IT.

1:04:38AND THOSE WERE SOME OF THE KEY

1:04:40FINANCIAL TERMS OF THAT EXISTING

1:04:43AGREEMENT.

1:04:43ALL RIGHT. IL JUST WAIT TO

1:04:44SEE.

1:04:45>> OKAY. THANK YOU.

1:04:47>> THANK YOU. FINALLY, I'L

1:04:50RECOGNIZE COUNCIL MEMBER CHAVEZ.

1:04:51>> THANK YOU, CHAIR CHUGHTAI. I

1:04:53GOT MYSELF IN QUEUE BECAUSE I

1:04:56DON'T WANT THE -- T MALL STUFF

1:04:58WAS MENTIONED AND I DON'T WANT

1:04:59IT TO SEEM LIKE WE ALL HAVE THE

1:05:01SAME OPINION ON THIS. MY

1:05:02UNDERSTANDING IS LAST YEAR A

1:05:04DECISION WAS MADE THAT FORE

1:05:07GONE, THAT FOREGO'D SOM

1:05:10POTENTIAL DOLLARS THAT THE PARK

1:05:11BOARD LEFT ON THE TABLE, AND AS

1:05:13WE'RE HAVING A DISCUSSIO ON

1:05:14GENERATING REVENUE AND MAKING

1:05:15SURE THAT WE USE TAXPAYER

1:05:17DOLLARS RESPONSIBLY TO MAKE SURE

1:05:18WE ACTUALLY HAVE FUNDING, MY

1:05:20UNDERSTANDING IS THE PARK BOARD

1:05:21MADE THE DECISION LAST YEAR, NOT

1:05:23THIS YEAR, BUT LAST YEAR, THAT

1:05:25MAY HAVE LOST US THE PARK BOARD

1:05:27SOME SOMEONE. CAN YOU EXPLAIN

1:05:29WHAT HAPPENED TO THIS THIS YEAR

1:05:31AND THE PLAN IS FOR THE SMALL

1:05:36CONVERSATION. AND COUNCIL,

1:05:39AIR CHUGHTAI, COUNCIL MEMBER

1:05:41CHAVEZ, WHAT WE'RE LOOKING AT AT

1:05:43THE MALL IS A CONSTRUCTION

1:05:46PROJECT AT THE MET COUNCIL IS

1:05:48DOING.

1:05:48AND WHEN THEY DO A CONSTRUCTION

1:05:50PROJECT, THEY USUALLY HAVE SOME

1:05:52AMOUNT OF FUNDING THEY ALLOCATE

1:05:54TO RESTORING THE SITE AFTER THE

1:05:56COTRUCTION PROJECT.

1:05:57AND THE KIND OF BIG KEY QUESTION

1:05:59THAT'S BEEN IN FRONT OF THE

1:06:01BOARD IS, DO THEY USE THOSE

1:06:03DOLLARS TO REPLACE WHAT'S

1:06:06EXISTING OR REPLACE IT WITH WHAT

1:06:09THE LONG-RANGE PLAN HAS? RIGHT

1:06:12NOW THE PLAN IS FOR IT TO BE

1:06:15REPLACED WITH A LONG-RANGE PLAN

1:06:17IS ENVISION WHICH MEANS IT

1:06:19REMOVES THE PARKWAY FROMHAT

1:06:20SEGMENT.

1:06:22>> OKAY. THANK YOU.

1:06:23>> I JUST KNOW THAT IT WAS MONEY

1:06:26INLVED THAT WAS LEFT ON THE

1:06:27TABLE. I DON'T THINK THAT'S A

1:06:28GOOD IDEA TO LEAVE MONEY ON THE

1:06:32TABLE. SO I APPRECIATED THE

1:06:34WORK THAT THE PARK BOARD

1:06:35PRESIDENT DID ON THIS, AND I

1:06:37HOPE THAT IS THE DIRECTION WE'RE

1:06:38GOING TOWARDS.

1:06:39>> THANK YOU.

1:06:41>> THANK YOU. THAT CONCLUDES

1:06:45THE DISCUSSION AND QUESTIONS

1:06:48SECTION OF YOUR PRESENTATION.

1:06:51THANK YOU, AGAIN, DEPUTY

1:06:53SUPERINTENDENT RINGGOLD, FOR

1:06:55COMING IN TODAY. THANK YOU,

1:06:57DIRECTOR WEISMAN, FOR HELPING

1:07:00PRESENT THE PARK BOARD'S 2027

1:07:01BUDGET. WE'RE REALLY GRATEFUL

1:07:03TO HAVE YOU IN THE CHAMBERS AND

1:07:05TO HAVE YOU AS A PARTNER AND

1:07:06SERVING OUR CITY.

1:07:07>> THANK YOU. WE APPRECIATE THE

1:07:08OPPORTUNY.

1:07:09>> WONDERFUL. WITH THAT, I'LL

1:07:10DIRECT THE CLERK TO FILE THE

1:07:12REPORT. I'LL ALSO NOTE THAT WE

1:07:14HAVE BEEN JOINED BY COUNCIL

1:07:15MEMBER WARREN. AND WE ARE NOW

1:07:18READY TO CONTINUE TO OUR FINAL

1:07:22PRESENTATION FROM THE CONVENTION

1:07:24CENTER AND DOWNTOWN ASSETS.

1:07:29AND I WILL WELCOME CONVENTION

1:07:34CENTER GENERAL MANAGER JEFF

1:07:38JOHNSON TO PRESENT THE

1:07:40CONVENTION CENTER AND DOWNTOWN

1:07:42ASSETS BGET FOR 2027.

1:07:46WELCOME.

1:07:46>> GOOD MORNING. THANKYOU,

1:07:49CHAIR CHUGHTAI AND VICE CHAIR

1:07:50AFFER, COUNCIL MEMBERS. MY

1:07:51NAME IS JEFF JOHNSON. I TEEM

1:07:53GENERAL MANAGER OF THE

1:07:55MINNEAPOLIS CONVENTION CENTER

1:07:57AND I'M HERE TO PRESENT THE

1:07:59MAYOR'S 2027 BUDGET FOR THE

1:08:00DOWNTOWN ASSETS FUND. I WANT SO

1:08:02TO INTRODUCE A PARTNER IN THE

1:08:03ROOM, MELVIN TENANT, C.E.O. OF

1:08:06MEET MINNEAPOLIS.

1:08:07AND I ALSO WANT TO HIGHLIGHT

1:08:09CHRIS, OUR DIRECTOR OF BUSINESS

1:08:12SERVICES ATHE CONVENTION

1:08:14SENTER WHO DOES THE HARD WORK TO

1:08:16MAKE STHUR PRESENTATION IS

1:08:17COORDINATED WITH FINANCE AND

1:08:18PROPERTY SERVICES.

1:08:21SO TODAY I WOULD LIKE TO GIVE A

1:08:24BRIEF OVERVIEW OF THE DOWNTOWN

1:08:25ASSETS AND PROVIDE SOME UPDATES

1:08:27ON OUR PROGRAMS.

1:08:29SO LET'S JUMP RIGHT IN. THE

1:08:31MINNEAPOLIS CONVENTION SENTER IS

1:08:32A COMPONENT OF THE DOWNTOWN

1:08:33ASS

1:08:35ASSETS FUND, AND AS A DEPARTMENT

1:08:37MANAGES THE DAY-TO-DAY

1:08:38IMPLEMENTION OF THE PROGRAMS.

1:08:39THE CONVENTION CENTER REPORTS

1:08:40THROUGH THE OFFICE OF PUBLIC

1:08:41SERVICE, COMMUNICATIONSND

1:08:43ENGAGEMENT SERVICES GROUP THAT

1:08:44IS OVERSEEN BY DEPUTY CITY

1:08:48OPERATIONS OFFICER KATIE

1:08:50TOPINKA, AND EVERYTHING WE DO,

1:08:52WE STRIVE TO BE THE BEST.

1:08:56HERE YOU CAN SEE THE PROGRAM

1:08:58AREAS THAT THE DOWNTOWN AREA

1:09:00ASSETS FUND SUPPORTS. ALTHOUGH

1:09:02THE CHART SHOWS THE COAL CENTER

1:09:04AS PART OF THE DOWNTOWN

1:09:05OPERATIONAL FUND, THE

1:09:07OPERATIONAL COMPONENTS ARE

1:09:08MANAGED THROUGH CPED AND OFFICE

1:09:10OF ARTS AND CULTURAL APAIRS.

1:09:13-- AND CULTURAL AFFAIRS.

1:09:15WHY IS THERE A DOWNTOWN ASSETS

1:09:17FUND? THE FUND WAS ESTABLISHED

1:09:18THROUGH SALES AND USE TAXES

1:09:20COLLECTED BY THE STATE OF

1:09:21MINNESOTA TO ALLOW THE CITY OF

1:09:23MINNEAPOLIS TO OPERATE AND

1:09:24INVEST INAJOR HOSPITALITY

1:09:27FACILITIES ALONG WITH OTHER

1:09:29ECONOMIC DEVELOPMENT PROJECTS.

1:09:31HOSPITALITY DRIVES ACTIVITY AND

1:09:32VISITATION TO MINNEAPOLIS

1:09:33THROUGH THE EVENTS AT OUR

1:09:35VENUES. RESIDENTS AND VISITORS

1:09:37ENJOY OUR CITY'S ENTERTAINMENT

1:09:39OPTIONS. THEY SPEND MONEY IN

1:09:40OUR CITY'S BUSINESSES WHICH

1:09:42CREATESOBS FOR OUR RESIDENTS

1:09:44AND IN TURN GENERATES TACKS T

1:09:47BE RE-INVESTED IN OUR FUTURE

1:09:50HOSPITALY INDUSTRY NEEDS. I

1:09:52BELIEVE THAT THIS ACTIVITY IS

1:09:53ONE OF THE MOST INFLUENTIAL JOBS

1:09:55IN ECONOMIC DEVELOPMENT PROGRAMS

1:09:57IN THE CITY ENTERPRISE AS IT

1:09:59IMPACTS 30,000 WORKERS.

1:10:01IN A STUDY THAT MEET MINNEAPOLIS

1:10:03COMPLETED RECENTLY WITH THE

1:10:04HOTELS IN MINNEALIS, IT SHOWED

1:10:07THAT % OF HOSPITALITY WORKERS

1:10:11ARE RESIDENTS OF MINNEAPOLIS.

1:10:12AND THEY ARE INCLUDED IN EVERY

1:10:15SINGLE WARD OF THE CITY.

1:10:17HOSPITALITY HAS A HUGE IMPACT ON

1:10:19OUR RESIDENTS.

1:10:22AND THIS SLIDE SHOWS HOW FLAT

1:10:25THE REVENUE IS ENTERING THE

1:10:26DOWNTOWN ASSETS FUND ARE

1:10:29CURRENTLY. MOST OFHIS IS DUE

1:10:30TO THE SALES AND USE TAXES AND

1:10:32NOT KEEPING UP WITH INFLATION.

1:10:34AND THIS IS ESPECIALLY TRUE IN

1:10:35THE RESTAURANT AND LIQUOR TAXES.

1:10:40THESE ARE GOOD EXAMPLES OFHE

1:10:42TERM "USE TAXES" BECAUSE WE NEED

1:10:44TO BE TO BE IN THE RESTAURANT

1:10:47AND BARS IN ORDER TO COLLECT

1:10:48TAXES ON THEIR PURCHASES. RIGHT

1:10:50NOW NOT AS MANY PEOPLE ARE

1:10:52VISITING OUR ESTABLISHMENTS AS

1:10:53THEY DID IN THE PAST.

1:10:55ENTERTAINMENT TAXES, THOUGH,

1:10:56CONTINUE TO BE STRONG. THESE

1:10:58ARE THE TAXES ON LIVE EVENT

1:11:01TICKETS, WHICH SHOW THAT PEOPLE

1:11:02STILL DESIRE TO SEE LIVE

1:11:04ENTERTAINMENT. BUT WHEN PAIRING

1:11:05THAT WITH THE RESTAURANT AND

1:11:08LIQUOR TAX INFORMATION, IT LEADS

1:11:10ME TO BELIEVE WE ARE BUYING

1:11:12TICKETS TO EVENTS IN

1:11:14MINNEAPOLIS, BUT RIGHT NOW THEY

1:11:15ARE LESS INCLINED TO SPEND EXTRA

1:11:17MONEY AND TIME IN OUR

1:11:19RESTAURANTS AND BARS.

1:11:20WHEN WE LK AT LODGING TAXES,

1:11:22THEY ARE HOLDING STEADY. BUT

1:11:24REALLY THEY'RE ONLY DOING THAT

1:11:25BECAUSE THE PRICE OF HOTEL ROOMS

1:11:28IS ON THE INCREASE, EVEN THOUGH

1:11:30THE OCCUPANCY OF THOSE ROOMS IS

1:11:32LOWER THAN O HISTORICAL

1:11:35AVERAGE. AND LOWER OCCUPANCY

1:11:36MEANS LOWER AMOTS OF PEOPLE

1:11:38AND THOSE ARE THE PEOPLE THAT

1:11:40WOULD BE OUT EXPLORING AND

1:11:42PAYING MONEY AND USING OUR

1:11:45BUSINESSES, WHICH IS A NEGATIVE

1:11:46OUTCOME.

1:11:47THE CONVENTION CENTER ALSO ADDS

1:11:48REVENUE TO THESE NUMBERS THROUGH

1:11:50OUR FEES, BUT WE HAVE ALSO SEEN

1:11:53A STAGNATION IN REVENUE. MUCH

1:11:55OF THE STAGNATION IS DUE TO LESS

1:11:58EVENT ACTIVITY OVER HISTORY

1:12:00OUTSIDE OF THE PANDEMIC YEARS,

1:12:01BOTH THE TAXES AND CONVENTION

1:12:04CENTER REVENUE HAVE KEPT UP WITH

1:12:07INFLATION OR BEEN HIGHER THAN

1:12:09INVASION, STRONGER. BUT THAT

1:12:11HISTORICAL TREND IS NOT

1:12:13HAPPENING TODAY. INCREASING ALL

1:12:16REVENUES THROUGH MORE HUMAN

1:12:17OCCUPANCY IS A MAJOR COMPONENT

1:12:18OF HOW WE WANT TO IMPLEMENT THIS

1:12:22BUDGET FOR 2027. EXPENSES ARE

1:12:25DIFFERENT DISCUSSION THAT I'M

1:12:27SURE ALL OF US PERSONALLY CAN

1:12:30RELATE TO BECAUSE RIGHT NOW THE

1:12:31COST OF DOING BUSINESS CONTINUES

1:12:32TO INCREASE EACH YEAR.

1:12:34AND WE ARE PROPOSING A 4%

1:12:36INCREASE IN EXPENSES. MOST OF

1:12:38THOSE INCREASES ARE TIED TO

1:12:40FIXED EXPENSES BASED ON

1:12:41CONTRACTS OR OBLIGATIONS.

1:12:44FOR EXAMPLE, WE ARE ASSESSED FOR

1:12:45CITYOAD RECONSTRUCTIONS IN OUR

1:12:48PROXIMITY. AND THAT WILL BE A

1:12:51$400,000 EXPENSE IN 2027. OUR

1:12:53UNION CONTRACTS ALSO REIVED

1:12:55INCREASES OVER THE LAST YEAR,

1:12:57WHICH WILL ADD $1.1 MILLION TO

1:12:59OUR EXPENSES. AND THE LAST

1:13:02LARGE DRIVER IN OUR CONTRACT WIS

1:13:05A NEARLY INFLATER OF 3%, WHICH

1:13:07WILL COST AN ADDITIONAL $461,000

1:13:11IN 2027. MAIN DRIVERS IN

1:13:14DECREASING EXPENSES FROM LAST

1:13:15YEAR ARE THAT IN 2027 WE ARE NOT

1:13:16ASKING FOR AS MUCH SUPPLEMENTAL

1:13:18BUDGET FOR SPECIAL ITEMS AT THE

1:13:21CONVENTION CENTER.

1:13:21IN 2026, THE CITY COUNCIL

1:13:24APPROVED $500,000 TO HELP

1:13:25SUPPORT A SUCCESSFUL WWE SUMMER

1:13:29SLAM EVENT THAT WAS HELD IN

1:13:31AUGUST AND $100,000 FOR A THIRD

1:13:33PARTY COMPETITIVE STUDY FOR THE

1:13:35CONVENTION CENTER WHICH WE HAVE

1:13:39NOW COMPLETED.

1:13:40THIS SLIDE SHOWS THE INFORMATION

1:13:41IN A DIFFERENT WAY. YOU CAN SEE

1:13:43THE EFFECT OF OUR SALARY AND

1:13:45NEFIT INCREASES, OUR

1:13:47CONTRACTUAL SERVICES LINE ITEM

1:13:49IS THE LGEST AREA. AND THIS

1:13:51INCLUDES CONTRACTS WITH MEET

1:13:52MINNEAPOLIS, WITH LEGENDS WHO

1:13:54OPERATES THE TARGET CENTER. THE

1:13:57DOWNTOWN IMPROVEMENT DISTRICT,

1:13:58WHICH OPATES P.V. PLAZA, AND

1:14:00OTHERS THAT MAKE ALL COMPONENTS

1:14:01OF THE DOWNTOWN ASSETS

1:14:03SUCCESSFUL. AND OUR OPERATING

1:14:04COSTS, WHICH INCLUDES ITEMS LIKE

1:14:06THE CLEANIN SUPPLIES, UNIFORMS,

1:14:09ARE GENERALLY STABLE, AND THE

1:14:11RGER INCREASE IS DUE TO

1:14:13PLACING THE CITY ROAD ASSESSMENT

1:14:14IN THIS LINE ITEM. AND FINALLY

1:14:16ON THIS LIST IS CAPITAL. THIS

1:14:18IS THE MONEY THAT WE USE TO KEEP

1:14:21BOTH 37-YEAR-OLD FACILITIES, THE

1:14:24CONVENTION AND TARGET CENTER AND

1:14:26P.V. PLAZA OPERATING WELL

1:14:28THROUGH FACILITY IMPROVEMENTS

1:14:29AND REPAIRS. THIS SLIDE SHOWS

1:14:32THE NUMBERS AGAIN AND ADDS IN

1:14:34THE FTEs WHICH WILL HAVE HEL

1:14:37STEADY AFTER REDUCTIONS DURING

1:14:38THE PANDEMIC. AND FOR THOSE

1:14:40THAT ARE VISUAL, THE GRAPHS

1:14:41SHOW HOW THE DOWNTOWN ASSETS

1:14:44FUND SPENDS THE RESOURCES ON THE

1:14:47LEFT. AND WHERE IT SPENDS ITS

1:14:48RESOURCES ON THE RIGHT.

1:14:50THE CONVENTION SENTER IS THE

1:14:51ONLY CITY-OWN AND CITY-OPERATED

1:14:54FACILITY THAT RECEIVES THE

1:14:55MAJORITY OF THESE RESOURCES.

1:14:59WE HAVE THE OPPORTUNITY TO WORK

1:15:00WITH MEET MINNEAPOLIS AND

1:15:02MINNESOTA ORTS AND EVENTS TO

1:15:04ATTRACT THE BIG TEN WOMEN'S

1:15:06VOLLEYBALL TOURNAMENTS TO THE

1:15:07TARGET SENTER IN NOVEMBER OF

1:15:092027 AND 2028. .

1:15:10AS PART OF THE BID, THERE IS AN

1:15:13OBLIGATION OF $150,000 PER YEAR

1:15:16FOR A TOTAL OF $300,000 FOR THE

1:15:18HOST CITY. THOSE COST WILLS GO

1:15:20TOWARDS CITY EXPENSES AND

1:15:21EXPENSES AT THE TARGET CENTER.

1:15:23WE SHOULD KNOW SOON IF WE WERE

1:15:25AWARDED THESE EVENTS.

1:15:26THE FUNDS WILL BE DELIVERED

1:15:27THROUGH OU CONTRACT WITH MEET

1:15:29MINNEAPOLIS. AND IF WE ARE NOT

1:15:30AWARDED THE EVENTS, THE FUNDS

1:15:32WILL B RETURNED BACK TO THE

1:15:33DOWNTOWN ASSETS FUND.

1:15:37SO LET'S GET SOME MORE SPECIFICS

1:15:38AS WE LOOK AT THE DIFFERENT

1:15:39PROGRAMS.

1:15:42THE M.C.C. EVENTS PROGRAM

1:15:44SUPPORTS HOW WE PAY FOR

1:15:45ACTIVITIES THAT OUR CLIENTS

1:15:47NEED. THIS PROGRAM IS WHERE WE

1:15:47ARE SHOWING THE LARGEST STAFF

1:15:49FTEs AND THE CORRESPONDING

1:15:53INCREASES IN BARGAINED A SALARY

1:15:55AND PREMIUM SHIFT PAY. THE

1:15:57VACANCIES RELATE TO THE

1:15:58TEMPORARY EMPLOYEES THAT ARE

1:16:01BASED ON EVENT ACTIVITY AND MOST

1:16:01OF THE VACANCIES ALIGN WITH THE

1:16:03STAGE HANDS AND PROVIDED BY

1:16:05LOCAL 13 OFF THE BENCH AND ARE

1:16:08TEAMSTERS HIRED IN PART-TIME

1:16:10TUATIONS AS THE ACTIVITY LEVEL

1:16:12INCREASES. ALSO, WE SHOW THE

1:16:14MEET MINNEAPOLIS CONTRACT HERE

1:16:15AND WORKING TO SELL AND MARKET

1:16:17THE CONVENTION CENTER AND THE

1:16:19DESTINATION. AND THE RETAIL

1:16:20SERVICES ARE THE PRODUCTS WE

1:16:22SELL TO OUR CLIES, WHICH WE

1:16:24TURN INTO REVENUE ON THE OTHER

1:16:25SIDE OF THE BUDGET. AND THE

1:16:27HIGHER THE EXPENSE, THE HIGHER

1:16:30THE CORRESPONDING RENUE WILL

1:16:32BE.

1:16:33HERE IS A LIST OF OUR CONTRACTS

1:16:36UNDER TH PROGRAM.

1:16:37THE MEET MINNEAPOLIS CONTRACT IS

1:16:38THE LARGEST IN THIS GROUP

1:16:40FOLLOWED BY OUR SECURITY

1:16:41CONTRACT AND THEN A CONTRACT WE

1:16:43HAVE WITH OUR ELECTRICIANS.

1:16:46AND NEXT WE HAVE OUR FACILITIES

1:16:47PROGRAM WHICH IS HOW WE MAINTAIN

1:16:49OUR 1.6 MILLION SQUARE FOOT,

1:16:5337-YEAR-OLD FACILI. AND

1:16:54AGAIN, WE SEE AN INCREASE IN THE

1:16:55UNION BARGAINED WAGES AND

1:16:58BENEFITS. VACANCIES ARE RELATED

1:16:59TO A WORKFORCE THAT IS IN

1:17:01TRANSITION AS WE HAVE SEVERAL

1:17:03RETIREMENTS OCCURRING AND OPEN

1:17:04POSITIONS THAT WILL BE FILLED.

1:17:05AND WE ALSO ARE SHOWING AN

1:17:07INCREASED ALLEGATIONS THAT THE

1:17:09CITY CHARGES US FOR CITY

1:17:11SERVICES.

1:17:11WE SHOW THE STREET ASSESSMENTS

1:17:13HERE AND OUR BUILDING REPAIRND

1:17:15MAINTENANCE COSTS, WHICH

1:17:16CONTINUE TO INCREASE SLIGHTLY

1:17:19EACH YEAR. ON A POSITIVE NOTE,

1:17:20OUR PROPERTY AND INSURANCE

1:17:21PREMIUM WAS REDUCED BY $75,000

1:17:24THIS YEAR. AND THAT IS

1:17:25SOMETHING TO CELEBRATE BECAUSE

1:17:27IT IS TIED TO OUR SAFETY RECORD

1:17:29AND THE FACT THAT WE PUT A LOT

1:17:32OF CARE INTO THE OPERATIONS OF

1:17:33OUR BUILDING. I THINK IT'S

1:17:35PROBABLY THE FIRST TIME IN MY

1:17:36LIFE THAT AN INSURANCE COST HAS

1:17:38GONE DOWN, AND SO WE FEEL

1:17:40REALLY, REALLY GREAT ABOUT THAT.

1:17:44HERE'S THE LIST OF THE CONTRACTS

1:17:46WITHIN THE FACILITIES PROGRAM.

1:17:48THE HIGHT COST IS THE

1:17:50ALLOCATIONS THAT WE PAY TO THE

1:17:51CITY FOR CITY SERVICES, WHICH IS

1:17:52A GREAT SUPPORT TO THE CITY'S

1:17:54GENERAL FUND. AND NEXT IS THE

1:17:56COST OF THE UTILITIES THAT WE

1:17:57E TO OPERATE THE FACILITY. I

1:17:59WOULD NOTE HERE THAT THE

1:18:01INVESTMENTS THAT WE HAVE MADE IN

1:18:02SUSTAINABILITY AND EFFICIENCY

1:18:04PROGRAMS HAVE REALLY HELPED KEEP

1:18:05OURTILITY COSTS MEASURED.

1:18:08AND WE HAVE REDUCED THE

1:18:09GREENHOUSE GAS EMISSIONS BY 85%

1:18:11AND ALSO SAVING AN ESTIMATED $1

1:18:14MILLION UTILITY COSTS SINCE

1:18:16WE STARTED OUR PROGRAMS. AND

1:18:18THE LAST LARGE LINE ITEM

1:18:21INCLUDES MAINTENANCE CONTRACTS

1:18:22FOR ELEVATORS, ESCALATOR, SNOW

1:18:25REMOVAL AND OTHER ITEMS. NEXT

1:18:27LET'S MOVE ON TO THE TARGET

1:18:29CENTER. THERE ARE SMALL

1:18:31INCREAS IN OUR RESPONSIBILITY

1:18:32TO INVEST IN CAPITAL

1:18:33IMPROVEMENTS AND OPERATIONS OF

1:18:34THE BUILDING. AND THIS IS ALSO

1:18:36WHERE WE PLACE THE MONEY FOR THE

1:18:38BIG TEN WOMEN'S VOLLEYBALL

1:18:39TOURNAMENT BID AMOUNT.

1:18:42THE CITY MAINTAINS A CONTRACT

1:18:43WITH LEGENDS AS THE OPERATOR OF

1:18:46TARGET CENTER.

1:18:47LEGENDS HANDLES THE BOOKING OF

1:18:48THE EVENTS IN THE BUILDING AND

1:18:50OPERATES THE DAY-TO-DAY

1:18:51ACTIVITIES OF THE BUILDING.

1:18:53AS PART OF THE AGREEMENT T CITY

1:18:55GARN'S THE AN AMOUNT EACH YEAR

1:18:57-- GUARANTEES AN AMOUNT EACH

1:18:58YEAR FOR THESE SERVICES.

1:18:59THROUGH THE REVENUE SHARING

1:19:01REEMENT, THE NUMBER CAN BE

1:19:03REDUCED, BUT WE BUDGET FOR THE

1:19:04ENTIRE AMOUNT.

1:19:05THE FINAL PROGRAM SUPPORTS THE

1:19:07OPERATION OF P.V. PLAZA. THE

1:19:09MAIN INCREASE HERE IS IN THE

1:19:10AMOUNT OF MONEY THAT WE HAVE ON

1:19:12HAND FOR REPAIRS AND MAINTENANCE

1:19:14OF THE PLAZA.

1:19:16A MAJOR RENOVATION OF THE SPACE

1:19:18IS CLOSINGN ON BEING ABOUT A

1:19:21DECADE OLD. DURING THAT TIME WE

1:19:24BUDGETED $50,000 A YEAR TO BE

1:19:29DEDICATED TO CAPITAL PROJECTS.

1:19:31WE A INCREASING THE FUND

1:19:32AVAILABLE FOR REPAIR AND

1:19:34MAINTENANCE TO $400,000 IN 2027.

1:19:38THIS SLIDE SHOWS THE CONTRACT

1:19:40AMOUNT FOR THE OPERATIONS OF

1:19:44P.V. DF PEAVEY PLAZA. AT THIS

1:19:51POINT THAT COMPLETES MY

1:19:53PRESENTATION, AND I'M HAPPY TO

1:19:54STAND FOR ANY QUESTIONS.

1:19:55>> THANK YOU NAR PRESENTATION.

1:19:58THANK YOU FOR THAT PRESENTATION.

1:19:59ARE THERE ANY QUESTIONS? I'LL

1:20:02RECOGNIZE COUNCIL MEMBER

1:20:03RAINVILLE.

1:20:04>> THANK YOU, CHAIR. THANK YOU,

1:20:08DIRECTOR. SO I HAVE SEVAL

1:20:10QUESTIONS. YOU HAD MENTIONED

1:20:11THAT 75% OF THE HOSPITALITY

1:20:14WORKERS LIVE IN -- 75% OF THE

1:20:1835,000 HOSPITALITY WORKERED LIVE

1:20:21IN -- DO YOU KNOW OFF THE TOP OF

1:20:23YOUR HEAD HOW MANY EMPLOYEES AT

1:20:25THE CONVENTION CENTER AND

1:20:27CATERING DIVISION LIVE IN

1:20:28MINNEAPOLIS? WOULD THAT 75%

1:20:30NUMBER HOLD TRUE? IS IT HIGHER?

1:20:33>> CHAIR CHUGHTAI,OUNCIL

1:20:35MEMBER RAINVILLE, THAT WAS PART

1:20:38OF THAT STUDY, BUT WE DID NOT DO

1:20:42A SPECIFIC STUDY FOR JUST THE

1:20:44CONVENTION CENTER. BUT I THINK

1:20:45IT IS INDICATIVE OF A PERCENTAGE

1:20:47THAT WOULD BE CLOSE TO AT.

1:20:49>> OKAY. DO YOU HAVE ANY

1:20:51DEMOGRAPHIC INFORMATION ON THAT

1:20:53STUDY?

1:20:54>> CHAIR CHUGHTAI, COUNCIL

1:20:57MEMBER RAINVILLE, DEMOGRAPHICS

1:20:58AS IN WE DO KNOW FROM A

1:21:01DIVERSITY STANDPOINT THAT MORE

1:21:01THAN 50% OF OUR EMPLOYEES ARE

1:21:04PEOPLE OF COLOR. AND SO A

1:21:06MAJORITY OF OUR EMPLOYEES ARE

1:21:08PEOPLE OF COLOR. OTHER DEM

1:21:10GRAPHICS, MALE AND FEMALE, IF

1:21:13THAT IS A DEMOGRAPHIC THAT YOU

1:21:15ARE INTERESTED IN, IT TENDS MORE

1:21:19TOWARDS A MALE STAFF MEMBER THAN

1:21:20FEMALE STAFF MEMBERS.

1:21:23>> I'M JUST INTERESTED IN, YOU

1:21:24KNOW, THESE ARE INTRAET

1:21:27ENTRY-JOBS AND WHO ARE WE PRO--

1:21:31THESE ARE GREAT ENTRY-LEVEL JOBS

1:21:33OF SO THE RACIAL BREAKDOWN WAS

1:21:34IMPORTANT TO ME. THANK YOU.

1:21:35COUPLE MORE QUESTIONS. THE

1:21:37DOWNTOWN ASSETS FUND, DO YOU

1:21:38HAVE KIND OF A LONG-TERM VISION?

1:21:40YOU MENTIONED OLDER, PEAVEY

1:21:45PLAZA PUTTING MORE MONEY ON, SO

1:21:47CAN WE EXPECT MORE EXPENSE AS WE

1:21:49TWO FORWARD WITH THESE ASSETS?

1:21:51>> CHAIR CHUGHTAI COUNCIL

1:21:52MEMBER RAINVILLE, OBVIOUSLY AS

1:21:56BUILDING GET OLDER AND

1:21:57INFRASTRRE GETS OLDER, THE

1:22:01COSTS TO MAINTAIN THEM GROW, AND

1:22:04DEFINITELY AS W LOOK AT THE

1:22:06COMPETITION AND WHAT WE NEED

1:22:08FROM THE CONNTION CENTER SIDE,

1:22:09WE KNOW THAT INVESTMENTS ARE

1:22:11NEEDED.

1:22:12AND WE KNOW THAT COSTS CONTINUE

1:22:15TO RISE EVERY YEAR. SO IT IS

1:22:19SOMETHING THAT DRIVING PEOPLE TO

1:22:21COME TO MINNEAPOL SO THAT THEY

1:22:23CAN BE WITHIN THAT TAXING

1:22:27DISTRICT, WHICH IS THE CORE OF

1:22:29MINNEAPOLIS IN SPENDING MONEY SO

1:22:31THAT WE'RE GATHERING REVENUE SO

1:22:33THAT WE CAN REUSE THAT REVENUE

1:22:34TO IEST IN THE HOSPITALITY

1:22:38COMMUNITY IS SOMETHING THAT WHAT

1:22:39WE'RE REALLY PUSHING HARD ON NOW

1:22:42IS, AGAIN, JUST GETTING MORE

1:22:44HUMAN BEINGS TO COME TO

1:22:45MINNEAPOLIS.

1:22:46>> SURE, SURE. AND I HAVE TO

1:22:48COMPLIMENT YOU. I LIKE YOUR

1:22:50ANALYSIS OF THESE DIFFERENT

1:22:51LEVELS OF TAXES.

1:22:52THAT THE ENTERTAINMENT TAX IS

1:22:54STRONG BECAUSE PEOPLE ARE GOING

1:22:55TO THE VENUES. BUT

1:22:57UNFORTUNATELY, THEY'RE NOT GOING

1:22:58TO THE RESTAURANTS AND BARS.

1:23:01SO THAT IS DOWN.

1:23:03AND THE HOTELS ARE ONLY UP

1:23:06BECAUSE OF THE OCCUPANCY, EXCUSE

1:23:08ME, THE HOTELS ARE ONLY UP

1:23:10BECAUSE OF RATES ARE HIGH. AND

1:23:11THAT IS THE OCCUPANCY AND THE

1:23:14HOTELS CONTINUES TO STAY OPEN,

1:23:15AND I THINK THAT'S SPOT ON. AND

1:23:19JUST THEAST QUESTION WOULD BE

1:23:24HOW DO YOU SEEHE KOHL'S

1:23:27CENTER? IS THAT STRUCTURALLY

1:23:28SOUND? WILL WE HAVE TO INVEST

1:23:30IN THAT? IS IT IN GOOD SHAPE?

1:23:32IS IT FALLING APART? WHAT

1:23:34YOUR OPINION ON THAT? CHAIR

1:23:36CHHTAI, COUNCIL MEMBER

1:23:38RAINVIE, I REALLY HAVE NOT

1:23:40STUDIED THE CALL CENTER. I KNOW

1:23:42THAT OUR ARTS AND CULTURAL

1:23:45AFFAIRS AND CPED HAVE BEEN MORE

1:23:46INVOLVED IN THE CALL CENTER.

1:23:49AND I HAVE NOT SPENT A LOT OF

1:23:50TIME LOOKING AT IT. IT IS A

1:23:52BEAUTIFUL BUILDING OBVIOUSLY,

1:23:54BUT I WOULD NOT HAVE AN OPINION

1:23:57ON THAT.

1:23:58>> THANK YOU, CHAIR. NEXT WE'LL

1:24:00CONTINUE TO COUNCIL MEMBER

1:24:00STEVENSON FOLLOWED BY COUNCIL

1:24:03MEMBER LMISANO.

1:24:05>> THANK YOU. AND I'M ASKING

1:24:08YOUR OPINION HERE ON THOUGHTS

1:24:09AROUND THE AREA AROUND THE

1:24:11CONVENTION CENTER.

1:24:13SO JUST FROM MY PERSONAL

1:24:15EXPERIENCE AND MY PERSONAL

1:24:16OPINION IN THE CONVENTION

1:24:17CENTER, DOING WHATEVER I'M DOING

1:24:19AND HAVING A GREAT TIME AND I

1:24:20STEP OUT AND I AM LIKE, OH GOD,

1:24:23I'M IN A TERRIBLE PLACE. I HAVE

1:24:25TO GET OUT OF HE AS SOON AS

1:24:26POSSIBLE BECAUSE I AM BY THE

1:24:27FREEWAY OR BY ARUMBLING

1:24:30PARKING LOT OR THESE OPPRESSIVE

1:24:33PARKING GARAGES. I'M JUST

1:24:36CURIOUS, FROM YOUR PERSPECTIVE,

1:24:37AND YOUR OPINION, WHAT DO YOU

1:24:38THINK WE NEED TO DO IN ORDER TO

1:24:42MAKE THE CONVENTION CENTER FEEL

1:24:43LIKE IT'S A PART OF OUR

1:24:45DOWNTOWN? AND A PART OF T

1:24:47REST OF OUR REALLY INCREDIBLE

1:24:49CITY AS OPPOSED TO AN ISLAND

1:24:52RIGHT NEXT TO THE FREEWAY?

1:24:56>> CHAIR CHUGHTAI, COUNCIL

1:24:58MEMBER STEVENSON, WE HAVE DONE A

1:25:01LOT OF WORK ON WHAT WE NEED TO

1:25:03GO FORWARD. WE HAVE THE

1:25:05COMPETITIVENESS STUDY THAT YOU

1:25:05ALL FUNDED FOR THIS YEAR, THANK

1:25:08YOU VERYMUCH. THAT REPORT, WE

1:25:09ARE WORKING THROUGH IT RIGHT

1:25:10NOW. BUT ALSO THERE HAS BEEN A

1:25:13LOT OF WORK. MEET MINNEAPOLIS

1:25:14HAS DONE WORK ON WHAT WE NEED

1:25:16AROUND THE CONVENTION CENTER.

1:25:18AND CONVENTION CENTER DISTRICT

1:25:26IS A GOAL WE HAVE BROUGHT

1:25:27FORWARD WITHIN THE

1:25:28COMPETITIVENESS AROUND THE STUDY

1:25:30THAT THE AREA AROUND THE

1:25:32CONVENTION CENTER DOES NEED SOM

1:25:36HAS A WELCOMING FEEL FOR ALL THE

1:25:39VISITORS A ATTENDEES.

1:25:42AND IT ALSO BECOMES MUCH MORE OF

1:25:45A PIPELINE INTO ALL THE PLANS

1:25:46THAT ARE BEING TALKED ABOUT

1:25:47ABOUT NICOLLET. WE ALSO KNOW

1:25:50THAT OUR FRIENDS BY LORING PARK

1:25:51HAVE ALSO WANTED TO BE MORE

1:25:54ENGAGED AND CONNECTED TO THE

1:26:01ATTENDEES THAT COME TO THE

1:26:02CONVENTION CENTER. AND THE

1:26:03INFRASTRUCTURE IS AWESOME,

1:26:04LORING GREENWAY AND LORING PARK

1:26:05IS AWESOME AND GETS YOU OVER TO

1:26:07SOME GREAT ARTS FACILITIES AND

1:26:11SO DOING MORE WORK AT A

1:26:13CONVENTION CENTER DISTRICT LEVEL

1:26:15IS VERY, VERY IMPORTANT.

1:26:17ANOTHER THING THAT FROM AN

1:26:20OPINION STANDPOINT, THAT IS ALSO

1:26:21A MAJOR EXIT POINT TO OUR CITY

1:26:25TO GET ONTO 35 GOING SOUTH.

1:26:29AND SO MOST PEOPLE DRIVE BY OUR

1:26:32CONVENTION CENTEREAVING GOING

1:26:35TO THE AIRPORT.

1:26:36AND WE HAVE THE OPPORTUNITY TO

1:26:37SAY THANK YOUND GOODBYE TO

1:26:39THEM.

1:26:39AND I THINK THAT'S REALLY,

1:26:41REALLY IMPORTANT AS WE TALK

1:26:43ABOUT HOW THAT AREA AROUND THE

1:26:46CONVENTION CENTER ENGAGES WITH

1:26:49OUR VISITORS AND I DON'T WANT IT

1:26:51TO BE A PLACE THAT YOU

1:26:53DESCRIBED.

1:26:53I WANT IT TO BE A BETTER PLACE.

1:26:55I KNOW THERE'S A LOT OF WORK.

1:26:56EVEN JUST RECENTLY SOME OF THE

1:27:00VERY SMALL THING BUT VERY COOL

1:27:05WORKED WITH ORCHESTRA HALL AND

1:27:07PUT A MURAL ON THE BACKSIDE OF A

1:27:09BEE IF YOU HAVEN'T SEEN IT,

1:27:11PLEASE WALK BY. IT IS REALLY,

1:27:13REALLY COOL. IT IS, AGAIN THIS,

1:27:15SMALL STEPS BUT WE'RERYING TO

1:27:17MAKE SURE THAT THE AREA AROUND

1:27:19THE CONVENTION CENTER IS MORE

1:27:21INVITING. WE HAVE BETTER

1:27:22CONNECTIONS TO GET TO BUSINESS.

1:27:23SO THAT, AGAIN, PEOPLE GO OUT

1:27:25AND WE WANT TO SPEND AND THEY

1:27:27WANT TO ENJOY THEMSELVES. AND

1:27:30IN TURN, TAXES ARE THEN CREATED

1:27:34AND WE CAN REINVEST.

1:27:36>> TALK MORE ABOUT THE -- YOU

1:27:37SAID THANK YOU AND GOODBYE AS

1:27:39PEOPLE ARE HEADED TO THE

1:27:42AIRPORT. WHAT WOULD THAT LOOK

1:27:44LIKE?

1:27:45>> CHAIR UGHTAI, COUNCIL

1:27:47MEMBER STEVENSON, IT COULD LOOK

1:27:48LIKE A LOT OF AWESOME THINGS.

1:27:50RIGHT? IF YOU LOOK AT OTHER

1:27:52CITIES AND WHAT THEY DO, THERE

1:27:54ARE -- WHEN WE TALK ABOUT PUBLIC

1:27:57ART, LARGE-SCALE PUBLIC ART.

1:28:01WHEN WE TALK ABOUT EVEN MURALS,

1:28:05OBVIOUSLY, WE ALSO SOMETIMES

1:28:06WHEN YOU GO TO A CITY, THERE IS

1:28:09SIGNAGE OR SOMETHING THAT

1:28:11DESIGNATES WHERE YOU'RE AT.

1:28:13I THINK THAT WE COULD HAVE THE

1:28:16OPPORTUNITY TO REALLY, AGAIN,

1:28:19DEFINE A CONVENTION CENTER

1:28:21DISTRICT AND MAKE SURE THAT IT

1:28:22IS AS WELCOMING AS POSSIBLE

1:28:24AND ALSO IN SAYING GOODBYE AND

1:28:27PLEASE CE BACK.

1:28:28>> OKAY, YE. THANK YO I'M

1:28:30INTERESTED IN THAT. AND THEN

1:28:31YOU TALKED A LITTLE BIT ABOUT

1:28:32THE ENERGY EICIENCY WORK AND

1:28:34SEEMS LIKE YOU MADE GREAT

1:28:35PROGRESS. CAN YOU TELL ME A

1:28:38LIT

1:28:39LITTLE BIT MORE ABOUT THAT?

1:28:41>> CHAIR CHUGHTAI, COUNCIL

1:28:43MEMBER STEVENSON, IT'S REALLY

1:28:44BEEN OVER A DECKIDE NOW THAT WE

1:28:45HAVE WORKED HARD TO INVEST IN

1:28:47THE EFFICIENCY OF OUR BUILDING.

1:28:48EVERYTHING FROM RECYCLING,O WE

1:28:51RECYCLE AT AT LEAST 60%. THIS

1:28:54YEAR OUR GOAL IS TO GET TO 65%,

1:28:56SO ALL THE INFRASTRUCTURE THAT

1:28:57WE HAVE PUT IN PLACE SO THAT WE

1:29:00CAN SEPARATE AND SORT OUR WASTE,

1:29:03MAKE SURE THAT WE ARE PUTTING

1:29:05THE LEAST AMOUNT INTO OUR

1:29:07LANDFILLS AND RECYCLING AND

1:29:08REUSING AS MUCH AS POSSIBLE.

1:29:10BUT THEN AS I'VE STATED, WE'RE A

1:29:121.6 MILLION SQUARE FOOT

1:29:14BUILDING. IT IS A MASSIVE

1:29:15BUILDING. Y COULD PICK UP THE

1:29:17IDES CENTER AND LAY IT DOWN IN

1:29:20OUR BUILDING. WE ALSO HAVE WARM

1:29:24SUMERS A COOL OR COLD WINTERS.

1:29:26AND SO OUR UTILITY COSTS ARE

1:29:28VERY, VERY HIGH.

1:29:29SO EVERYTHING FROM CHANGING OUT

1:29:31OVER 10,000 LIGHTS IN OUR

1:29:33BUILDING TO BECOME L.E.D.

1:29:35LIGHTS, PUTTING SOLAR PANELS ON

1:29:38OUR ROOF THAT CREATE ABOUT 5% OF

1:29:41THE ELECTRICITY THAT WE USE EACH

1:29:43YEAR. THE OTHER 95% WE OFFSET

1:29:47THROUGH CREDITS THAT WE PAY FOR

1:29:51WIND AND SOLAR POWER. WHE

1:29:53WORKED WITH THE CITY'S

1:29:55SUSTAINABILITY OFFICE IN

1:29:57RENEGOTIATING TO MAKE SURE THA

1:29:59THEY PROVIDED US WITH HEATING

1:30:02AND COOLING THAT IS SUSTAINABLE.

1:30:04AND SO IT'S LEVERAGING ALL OF

1:30:09THOSE OPPORTUNITIES TO MAKE SURE

1:30:10OUR BUILDING IS AS EFFICIENT AS

1:30:12POSSIBLE. AND THAT IS

1:30:14EVERYTHING FROM THE CONTROL

1:30:15SYSTEM THAT WE HAVE, MAKING SURE

1:30:19THAT IS AS EFFICIENT AS

1:30:20POSSIBLE. MANY OF OUR SYSTEMS

1:30:21WERE INSTALLED IN 1989 OR THE

1:30:23EARLY 2000'S.

1:30:24AND SO WE DON'T HAVE THE BENEFIT

1:30:27OF NEWNESS, BUT WE DO HAVE THE

1:30:30BENEFIT OF WORKING TO MAKE THEM

1:30:32AS EFFICIENT AS POIBLE.

1:30:33>> GREAT. THAT'S GREAT. THANK

1:30:36YOU.

1:30:36>> THANK YOU. NEXT I'LL

1:30:37RECOGNIZE COUNCIL MEMBER

1:30:39PALMISANO, FOLLOWED BY VICE

1:30:40CHAIR SHAFFER.

1:30:41>> THANK YOU. AND THANK YOU FOR

1:30:44THIS PRESENTATION. FIRST, ON

1:30:47SLIDE 7, THE $3 MILLION

1:30:49PREDICTED INCREASE IN LOCAL

1:30:50OPTION SALES TAXES. YOU SAID

1:30:53THIS, BUT IS THIS THE NEW IN

1:30:57LODGING TAXES THAT CAME INTO

1:31:00PLAY JUST A COUP OF YEARS AGO IN

1:31:01MY RECOLLECTION? OR IS IT

1:31:02SOMETHING ELSE?

1:31:03>> CHAIR CHUGHTAI, COUNCIL

1:31:06MEMBER PALMISANO, I WOULD SAY IN

1:31:08THE LAST FEW YEARS THERE HAVE

1:31:11BEEN SOME CHANGES. I'M NOT SURE

1:31:12IF YOU'RE TALKING ABOUT THE

1:31:15TOURISM IMPROVEMENT DISTRICT?

1:31:16>> YES.

1:31:17>> SO THE TOURISM IMPROVEMENT

1:31:21DISTRICT IS A SELF-IMPOSED 2%

1:31:24FEE THAT THE HOTELS HAVE DECIDED

1:31:26TO DO THROUGH AN OINANCE THAT

1:31:28THE CITY APPROVES. SO THAT IS

1:31:31NOT INCLUDED IN OUR TAXES.

1:31:34>> THAT IS NOT THIS $3 MILLION.

1:31:37>> THE STATE COLLECTS THE SALES

1:31:38AND USE TAXES FOR THE DOWNTOWN

1:31:40ASSETS FUND.

1:31:42BUT THE HOTELS SELF-AESS THAT

1:31:462% FEE TO USE THAT MONEY TO

1:31:49SUPPORT THINGS AND ANYTHING THAT

1:31:50COULD BE EVENTS, COULD BE

1:31:54ANYTHING THAT DRIVES HOTEL STAYS

1:31:56TO THEIR HOTELS.

1:32:03AND TO CONNECT AND CONNTION

1:32:06CENTER AND DIFFERENT EVENTS TO

1:32:08--

1:32:12D TO LOOK AND FEEL OF THE

1:32:13HOTEL EXPERIENCE THAT GOES ALONG

1:32:19WITH YOUR CONVENTION CENTER. IT

1:32:20WAS MENTIONED BY A SERVICE

1:32:22WORKER IN OUR BUDGET HEARINGS

1:32:25AND THAT IS WHAT CAUGHT MY EYE

1:32:29ABOUT IT. I HAVE A QUESTION

1:32:30ABOUT THE PEAVEY PLAZA

1:32:37MAINTENANCE GOING FROM $50,000

1:32:37TO $400,000. I WAS WONDERING IF

1:32:39YOU KNOW OF A BIG DEFERRED

1:32:42MAINTENANCE PROJECT OR BRACING

1:32:43FOR SOMETHING KNOWN OR MAKE UP

1:32:44FOR LOST YEARS OF NOT PUTTING

1:32:45WHAT YOU THINK IS NEEDED FOR

1:32:47MAINTENANCE OF IT?

1:32:49>> CHAIR CHUGHTAI, COUNCIL

1:32:50MEMBER PALMISANO. THERE ARE A

1:32:53LIST OF ITEMS THAT HAVE BEEN

1:32:57DEFERRED OR RDY TO BE

1:32:59REPLACED. WE HAVE A LIGHT MAST

1:33:00THAT WE NEED TO REPLACE.

1:33:02OBVIOUSLY WHEN YOU TALK ABOUT

1:33:02BIG PUMPS AND PUMPING WATER, AND

1:33:07THERE ARE INFRASTRUCTURE NEEDS.

1:33:08IT IS MORE OF A REALIZATION THAT

1:33:12WHEN YOU BUY SOMETHING NEW AND

1:33:14THERE A CERTAIN AMOUNT OF

1:33:16PERIOD OF TIME. AND EVERYTHING

1:33:17WORKS WELL AND NOTHING GOES

1:33:19WRONG. AS IT AGES, THINGS START

1:33:23TO HAPPEN AND THAT IS WHAT IS

1:33:25HAPPENING WITH THE PEAVEY PLAZA.

1:33:28AND INDUSTRY STANDARD FOR TIME

1:33:31TO PUT INVESTMENT INTO ITEM AND

1:33:33TECHNOLOGY ITEMS, TOO, THAT HAVE

1:33:35A FIVE TO SEVEN YEAR LIFE SPAN

1:33:37AND WE KNOW THEY'RE GOING TO

1:33:39START TOFAIL. AND LOOK OUT

1:33:41INTO THE FUTURE AND SAY IT'S

1:33:43TIME FOR US TO HAVE SOME MORE

1:33:45RESOURCES.

1:33:46>> YEAH, IT IS AN INCREDIBLE

1:33:48GATHERING SPACE AND PIECE OF

1:33:49ART IN ITS OWN RIGHT. AND I

1:33:53ENJOYED LAST YEAR BEING AT SOME

1:33:55OF THE WORLD CUP GAMES THAT WERE

1:33:57RIGHT THERE AND HTED AROUND

1:33:57IT.

1:34:02I FELT LIKE THAT WAS GREAT

1:34:03ACTIVATION FOR OUR CITY.

1:34:04THE 32.2 MILLION DOLLARS ON

1:34:08SLIDE 16 FOR FACILITIES, AS

1:34:09YOU'VE MENTIONED,T FEELS LIKE

1:34:12A BIG PILL TO SWALLOW FOR WHAT

1:34:15CALL MAINTENANCE. BUT I HEAR

1:34:16WHAT YOU ARE SAYING THAT THIS IS

1:34:18WHAT WE NEED TO INVEST IN ORDER

1:34:21TO MAKE MONEY.

1:34:22AND WE REALLY DO WANT TO KEEP

1:34:24THAT BUILDING IN A CONDITION

1:34:25THAT HELPS US BE COMPETITIVE FOR

1:34:29FUTURE BUSINESS. AND TO THAT E

1:34:33BEING INVITED INTO THE

1:34:34CONVENTION CENTER, WHETHER AS AN

1:34:37ELECTED ENROLLS OR WHETHER MY

1:34:39INTEREST, UNFORTUNATELY,

1:34:41CONFLICTS WITH BUDGET MARK-UP IN

1:34:42SOME OF YOUR FOOD COMPETITIONS,

1:34:44FOR EXAMPLE.

1:34:46BUT IT RLLY IS THE FOOD.

1:34:50IN MY EXPERIENCE T FOOD AT OUR

1:34:52COENTION CENTER BAR OUTWEIGHS

1:34:54OTHERS. CAN YOU TELL US A

1:34:57LITTLE BIT ABOUT THE R.F.P.

1:35:00TIMELINE AS I THINK THAT IS

1:35:01COMING UP NEXTYEAR. CAN YOU

1:35:03TELL US, AND IN THE WAY THAT YOU

1:35:06HAVE PRIDE IN SO MANY LOCAL

1:35:09RESIDENTS WKING AT THE

1:35:11CONVENTION CENTER. DO YOU

1:35:12PRIORITIZE LOCAL IN THAT R.F.P.?

1:35:15OR HOW WILL SOMETHING LIKE THAT

1:35:16WORK AND IS THIS ROUTINE?

1:35:19>> AND CHAIR CHUGHTAI, COUNCIL

1:35:20MEMBER PALMISANO, SO WE

1:35:23CURRENTLY HAVE A CONTRACT WITH

1:35:26CALVERCATERING WHO HAVE BEEN A

1:35:27PARTNER WITH US FOR MANY, MANY

1:35:29YEARS AND DO A WONDERFUL JOB.

1:35:31THAT CONTRAC IS U FOR RENEWAL.

1:35:33AND AT THE END O 2027. AND I

1:35:37TEND TO GO TO F.P. AND ASK THE

1:35:41QUESTIONSND TO SEE WHAT ELSE

1:35:43IS OUT THERE. BUT ALSO VALUE

1:35:46AND DON'T STEP AWAY FROM SOME OF

1:35:48THE THING THAT YOU TALKED

1:35:49ABOUT. AND THAT IS A QUALITY

1:35:51FOOD AND THAT IS HAVING A LOCAL

1:35:54WORKFORCE. THAT IS HAVING A

1:35:55COMPANY THAT IS COMMITTED TO OUR

1:35:57CITY AND TO OUR COMMUNITY. AND

1:36:00SO I WILL BE WORKING ON THAT

1:36:02R.F.P. AND PUTTING IT OUT

1:36:05SOMETIME IN 2027. SO THAT WE

1:36:07CAN MAKE THAT SELECTION, AND

1:36:10THEN WHATEVER TRANSITION THAT

1:36:11WOULD ENTAIL BE READY FOR

1:36:14OPERATIONS IN 2028.

1:36:16>> I DON'T KNOW THE SPACE WELL.

1:36:19BUT ARE THERE OTHER POTENTIAL

1:36:21VENDORS THAT HAVE THAT KIND OF

1:36:24CAPACITY? YOU TALK ABOUT THE

1:36:25AMOUNT OF PEOPLE, THE AMOUNT OF

1:36:27SQUARE FOOTAGE IN YOUR FACILITY,

1:36:29WHICH FRANKLY, I FIND THAT

1:36:31RELATIVELY INTERESTING BECAUSE

1:36:32SOMETHING THAT I FIND HARD TO

1:36:34DIGEST AND THINK IN MY HEAD IS

1:36:35WHEN WE TALK ABOUT DATA CENTERS

1:36:37AND THE SQUARE FOOTAGE OF IT.

1:36:39MAYBE WE COULD START

1:36:42PROPORTIONING HOW MANY OF YOUR

1:36:43ROOMS IN A CONVENTIO CENTER TO

1:36:45BETTER UNDERSTAND OUR OTHER

1:36:48POCY WORK.

1:36:49AND ARE THERE OTHER VENDORS OUT

1:36:51THERE? I GUESS VENDORS OF

1:36:52DIFFERENT CONVENTION CENTERS

1:36:54ACROSS THE NATION THAT HAVE THAT

1:36:55KIND OF CAPACITY?

1:36:57>> CHAIR CHUGHTAI, COUNCIL

1:36:59MEMBER PALMISANO, I BELIE AND

1:37:01I HAVE VENDORS CALLING ME ALL

1:37:03THE TIME, AND I BELIEVE THERE

1:37:05ARE BOTH NATIONAL VENDORS THAT

1:37:06COULD DO THE JOB, AND I ALSO

1:37:09BELIEVE THERE ARE LOCAL VENDORS

1:37:10THAT CAN DO THE JOB. WE HAVE A

1:37:12GREAT VENDOR WORKING FOR US NOW.

1:37:15AND WE HAVE A GREAT OPPORTUNITY

1:37:17TO JUST TAKE A LOOK AND SEE WHAT

1:37:20IS NEEDED AND MAKE A GREAT

1:37:22DECISION TO CONTINUE THAT

1:37:24TRADITION OF GREAT FOOD AT THE

1:37:25CONVENTION CENTER.

1:37:26LIKE YOU SAID, IT IS THAT

1:37:28EXPERIENCE OF BEING ABLE TO GO

1:37:30TO AN EVENT AND HAVE GOOD FOOD.

1:37:32AND NOT JUST MASS PRODUCED FOOD.

1:37:34AND RIGHT NOW W DO A FANTASTIC

1:37:37JOB WHETHER IT'S TWO PEOPLE OR

1:37:40THREE OR FOUR THOUSAND PEOPLE

1:37:41THAT ARE EATING AT ONE TIME.

1:37:47>>> I ENCOURAGE YOU TO CONTINUE

1:37:49TO MAKE THAT A GREAT SELLING

1:37:51POINT AND THANK YOU FOR THAT

1:37:52OVER THE YEARS.

1:37:53>> NEXT VICE CHAIR SHAFFER

1:37:57FOLLED BY COUNCIL MEMBER

1:37:58VETAW.

1:37:58>> THANK YOU, CHAIR CHUGHTAI.

1:38:00CAN YOU SPE TO THE

1:38:01SIGNIFICANCE RELIANCE ON THE

1:38:02DOWNTOWN ASSET FUND TO SUPPORT

1:38:04THE GENERAL FUNDVER THE LAST

1:38:05RECENT YEARS? DO YOU THINK THIS

1:38:07IS A SUSTAINABLE TRAJECTORY? I

1:38:11THINK IT'S OVER $50 MILLION

1:38:13POSSIBLY F 2026 AND ROUGHLY

1:38:15THAT FOR 2027.

1:38:16>> CHAIR CHUGHTAI,OUNCIL

1:38:17MEMBER SHAFFER. I KNOW THAT

1:38:21BUDGET DIRECTOR GREEN PUT OUT

1:38:23SOME ANSWERS TO QUESTIONS TO THE

1:38:25DOWNTOWN ASSETS FUND AND A MEMO.

1:38:29I GUESS WHAT I WOULD SAY IS

1:38:30FIRST AND FOREMOST, I DO BELIEVE

1:38:32THAT HOSPITALITY IS AN IMPORTANT

1:38:35COMPONENT OF OUR CITY. AND LIKE

1:38:38I SA, ONE OF THE BEST ECONOMIC

1:38:40DRIVERS AND JOBS PROGRAMS THAT

1:38:41THE CITY ENGAGES IN AND SO I

1:38:45HOPE THAT THE CITY COUNCIL AND

1:38:46THOSE MAKING THE DECISIONS

1:38:49UNDERSTAND THAT INVESTMENT IS

1:38:50NEEDED. AND THAT THOSE

1:38:52RESOURCES THAT ARE COLLECTED BY

1:38:55VISITATION ITHE CITY NEED

1:38:57INVESTMENT OR ELSE THEY WILL

1:38:59CONTINUE TO GO DOWN. IF WE

1:39:01CAN'T KEEP DRAWING EVENTS AND

1:39:02DRAWING PEOPLE TO THE CITY, THEN

1:39:05THOSE RESOURCES WILL DRY UP.

1:39:08AND IN THAT CA, THEN, THE

1:39:11GENERAL FUND POTENTIALLY COULD

1:39:12BE AT RISK. ONE OF THE REASONS

1:39:14AND ONE OF THE FOUNDING THINGS

1:39:15IF YOU LOOK BACK TO SLIDE, I

1:39:18THINK IT WAS FOUR OR FIVE OF THE

1:39:19DOWNTOWN ASSS FUND WAS TO BE

1:39:23-- TO MAKE SURE THAT THE UPS AND

1:39:25DOWNS OF THE HOSPITALITY AND THE

1:39:28ECONOMY INDUSTRY DID NOT AFFECT

1:39:29THE GENERAL FU. AND SO THAT

1:39:31WE WERE A LITTLE BIT OF A SHOCK

1:39:33WAVE, SO THAT I WOULD NEVER HAVE

1:39:35TO COME IN FRONT OF THIS BODY

1:39:37AND SAY WE DON'T HAVE ENOUGH

1:39:39MONEY LEFT IN THE DOWNTOWN

1:39:40ASSETS FUND TO PAY FOR THE

1:39:42CONVENTION CENTER OR THE TART

1:39:45CENTER. AND THAT I THINK THIS

1:39:48SOMETHING THAT IS VERY

1:39:49THOUGHTFUL FOR YOU ALL TO THINK

1:39:50ABOUT.

1:39:50AND HOW THAT SUPPORTS THE

1:39:53GENERAL FUND IS A FINANCIAL

1:39:56POLICY ISSUE. AND SO I GUESS I

1:39:58WOULD LEAVE THAT TO FINANCE AND

1:40:00TO YOU ALL.

1:40:01>> NO, I APPRECIATE HEARING HOW

1:40:03IT WAS MEANT TO BALANCE SOME OF

1:40:04THE UPS AND DOWNS WITHIN THE

1:40:06HOSPITALITY INDUSTRY. AND IF

1:40:11EWE

1:40:12EWE'RE IN A DOWN TROD,S YOU

1:40:13SAID, SALES AND USE TAXES ARE

1:40:14NOT KEEPING UP WITH THE RATE OF

1:40:16INFLATION AND STAYING FLAT AND

1:40:18COMING TO ENTERTAIN, BUT NOT

1:40:20NECESSARILY HOTELS OR FOOD.

1:40:22AND THE QUESTION IS, HOW CAN WE

1:40:24DRIVE THAT? ARE THERE POLICY

1:40:26DECISIONS THAT WE CAN MAKE AS A

1:40:28BODY TO REALLY DRIVE MORE

1:40:30INTEREST IN RETURNING THOSE

1:40:31DOLLARS BACK TO THE HOSPITALITY

1:40:33INDUSTRY? AND THAT'S WHERE I

1:40:36THINK WE COULD LEAN INTO YOUR

1:40:39EXPERTISE AND SOME OTHER

1:40:41ORGANIZATIONS' EXPERTISE IN

1:40:44REALLY THINKING ABOUT,OU KNOW,

1:40:49-- WE'VE SEEN SOME REPORTING IN

1:40:51TREND, BUT I TNK IT WOULD BE

1:40:52WORTH A BROADER DISCUSSION FOR

1:40:53US AS A BODY AS WELL AS, YOU

1:40:54KNOW, BRINGING OTHER

1:40:56STAKEHOLDERS TO THE TABLE.

1:40:57AND THEN I GUESS SECONDLY, WHY

1:40:59DO YOU THINK THE HOTEL OCCUPANCY

1:41:00IS DECREASING?

1:41:01I MEAN, WE KNOW FINANCES. WE

1:41:03KNOW TIM ARE FACTORS. IT

1:41:05REALLY HAS NOTHING TO DO WITH

1:41:07OUR HOTEL OPERATORS. BUT ARE

1:41:10THERE THINGS THAT WE ARE DOING,

1:41:12AND I REALLY APPRECIATE THE NEW

1:41:14DOWNTOWN, THE NEW TAX THAT WE'VE

1:41:16IMPLEMENTED. RE THERE OTHER

1:41:17THINGS THAT YOU THINK ARE

1:41:18HOLDING BACK THE HOTELCCUPANCY

1:41:21RATE?

1:41:23>> CHAIR CHUGHTAI, VICE CHAIR

1:41:27SHAFFER, MR. TENET IS THE EXPERT

1:41:29HERE. I WILL TRY, BUT IF HE

1:41:31WOULD LIKE TO COME UP, HE COULD.

1:41:32THE HOTELS FOR MANY, MANY YEARS

1:41:35IN MINNEAPOLIS RECEIVED A LOT OF

1:41:37OCCUPANCY DUE TO BUSINESS

1:41:39TRAVEL.

1:41:40AND WE HAD VERY, VERY STRONG

1:41:43CORE OF CORPORATE BUSINESSES

1:41:44THAT CAME TO WORK EVERY DAY.

1:41:46AND HAD VENDORS AND OTHERS THAT

1:41:48WERE TRAVELING IN. AND

1:41:50SOMETIMES STAYING ALL WEEK, THE

1:41:52BUSINESS WEEK. THAT HAS NOT

1:41:54RECOVERED SINCE THE PANDEMIC.

1:41:56AND SO THAT MEANS THAT THERE ARE

1:41:59MORE ROOMS TO SELL BECAUSE OF

1:42:01THAT ACTIVITY.

1:42:02AND THEN FROM AN EVENT

1:42:04STANDPOINT, RIGHT, WE'RE TRYING

1:42:05TO FILL THOSE ROOMS WITH EVENTS,

1:42:08BUT WE HAVE NOT BEEN ABLE TO

1:42:10RECOVER TO FILL THE ROOMS WITH

1:42:13ENOUGH PEOPLE FROM EVENTS.

1:42:14SO IT'S BOTH OF THOSE AREAS THAT

1:42:18ARE REALLY AFFECTING THE

1:42:20OCCUPANCY RATE AND KEEPING THAT

1:42:22OCCUPANCY. IT'S ABOUT 10% DOWN

1:42:25FR WHERE IT WAS HISTORICALLY,

1:42:27AND WE WERE ALWAYS A VERY

1:42:30HISTORICALLY HIGH OCCUPANCY CITY

1:42:31AND WE'RE JUST NOT SEEING THAT

1:42:34RECOVERY.

1:42:35AND IT'S DIFFICULT FOR US TO DO

1:42:37A LOT ABOUT BUSINESS TRAVEL.

1:42:39BUT WE DO HAVE RESOURCES AND

1:42:40WAEF LOT OF EFFORTS THAT ARE

1:42:42GOING INTO TRYINGO DRIVE THAT

1:42:45EVENT ACTIVITY BOTH LOCALLY AND

1:42:49NATIONALLY. I THINK THAT IS THE

1:42:51STRATEGY TO WHAT WE CAN CONTROL

1:42:52TO DIVE INTO THAT AND DIVE INTO

1:42:54THATND WORK HARD AT IT.

1:42:57>> THANK YOU. AND THE LEGENDS

1:43:01CONTRACT, YOU MENTION YOU BUDGET

1:43:03FOR THE WHOLE $2 MILLION AMOUNT.

1:43:05AND WHAT WOULD BE THE AVERAGE WE

1:43:07SPEND ON THIS AND DOES THE

1:43:08DIFFERENTIAL, I ASSUME, GO BACK

1:43:10TO THE DOWNTOWN ASSETS FUND.

1:43:12>> CHAIR CHUGHTAI, VICE CHAIR

1:43:14SHAFFER, YES, IF THERE IS ANY

1:43:16EXTRAS THAT THAT WOULD GO BACK

1:43:17TO THE TARGET CENTER FUND, WHICH

1:43:19IS WITHIN THE DOWNTOWN ASSETS

1:43:22FUND.

1:43:25>> OVER HISTORY, WE HAVE

1:43:28GENERALLY PAID OUT THE WHATEVER

1:43:31AMOUNT WE BUDGET, BUT RECENTLY

1:43:32WE HAVE HAD SOME REALLY, REALLY

1:43:35STRONG PERFORMANCE AND LEGENDS

1:43:36HAS DONE SOME GREAT JOBS, SO IN

1:43:392024, WE WERE ABLE TO RECEIVE

1:43:42SOME MONEY BACK. RIGHT NOW IN

1:43:452026, I DON'T WANT TO JINX

1:43:46MYSELF, BUT WE ARE EXPECTING TO

1:43:48HAVE SEVERAL HUNDRED THOUSAND

1:43:49DOLLARS PAID BACK TO US, AND SO

1:43:53REALLY SOME STRONG ACTIVIT THAT

1:43:55HELPS THAT BOTH OF OUR FANTASTIC

1:43:58PROFESSIONAL BASKETBALL TEAMS

1:43:59ARE DOING GREAT AND DRAWING A

1:44:01LOT OF PEOPLE TO OUR CITY.

1:44:03THAT HAS REALLY CHANGED THE

1:44:05FINANCIAL DYNAMICS OF OPERATING

1:44:07THE BUILDING.

1:44:08BUT ALSO YOU HAVE SEEN A LOT OF

1:44:11GREAT CONCERTS THAT HAVE BEEN

1:44:12COMING TO THE TARGET CENTER, AND

1:44:14SO I FEEL REALLY, REALLY GOOD

1:44:16ABOUT THAT.

1:44:17AND GOOD THAT THIS YEAR WE LOOK

1:44:20TO BE GETTING A LITTLE BIT -- OR

1:44:23THE EXPENSE WILL BE LESS BECSE

1:44:24OF THE GREAT ACTIVITY.

1:44:26>> GREAT. THANK YOU. ONE FINAL

1:44:28QUESTION HERE. WHEN DO YOU

1:44:29THINK WE WILL GET INSIGHT INTO

1:44:31THE CONVENTION CENTER STUDY?

1:44:34>> CHAIR CHUGHTAI, COUNCIL

1:44:37MEMBER SHAFFE I WOULD HOPE TO

1:44:38DO IT ANY DAY, BUT I THINK THAT

1:44:41PROBABLY LOOKI MORE TOWARDS

1:44:42SOMETIME IN 2027. I KNOW THERE

1:44:44IS A LOT GOING ON RIGHT NOW.

1:44:46AND SO TRYING TO BE COGNIZANT OF

1:44:50THAT AND THE DEMANDS ON YOUR

1:44:53TIME. AND I HOPE TO BE ABLE TO

1:44:54COME BACK IN 2027 AND TALK ABOUT

1:44:56THE COMPETITIVENESS STUDY.

1:44:57>> OKAY. THANK YOU FOR YOU

1:44:58TIME AND ALSO YOUR EFFORTS ON

1:45:00BEHALF OF OUR CITY.

1:45:01>> NEXT I'LL RECOGNIZE COUNCIL

1:45:04COUNCIL MEMBER CHAVEZ.

1:45:05>> THANK YOU, CHAIR CHUGHTAI.

1:45:07D THANK YOU, MR. JOHNSON, FOR

1:45:09THIS PRESENTATION. ALWAYS GOOD

1:45:11TO HEAR THE GREAT THINGS YOU ALL

1:45:13ARE DOING. I DON'T HAVE A

1:45:15QUESTION. I HAVE AN IDEA. SO

1:45:18YOU WERE TALKING ABOUT THE

1:45:19R.F.P.OR THE FOOD VENDOR. I

1:45:21THINK THAT'S GREAT TO HAVE THE

1:45:22FOOD VENDOR, BUT I THINK I TOLD

1:45:24YOU THIS BEFORE, I THINK POP-UPS

1:45:26WOULD BE GREAT. FEATURES SOME

1:45:28OF OUR CHEFS FROM MINNESOTA AND

1:45:31LIKE WE HAVE SOME AMAZING

1:45:33AWARD-WINNING CHEFS HERE. AND

1:45:34IF WE HAVE POP-UPS AT THE

1:45:37CONVENTION CENTER, WHERE THESE

1:45:38CHEFS WERE MAYBE FEATURED, AND

1:45:41MAYBE I WOULD WANT MY CONFERENCE

1:45:42TO BE THERE AND THIS WEEK IF,

1:45:44YOU KNOW, THE JAMES BEARD AWARD

1:45:47WINNING CHEF WAS GOING TO BE IN

1:45:48CHARGE OF THE MENU. OR THOSE

1:45:51TYPE OF THINGS. JUST LIKE

1:45:52SIGNED OF SPICING IT UP A LITTL

1:45:57LOCAL, JUST LIKE YOU CAN'T GET

1:45:59IN THE RESTAURANT ALL THE TIME

1:46:01WHEN YOU COME TO VISIT. SOME OF

1:46:02THE PCES THERE IS A WAIT LIST

1:46:03FOR MONTHS TO GET IN.

1:46:06AND JUST IGINE HAVING THEM

1:46:07OVER AT THE CONVENTION CENTER

1:46:10AND YOU'RE HERE FROM ANOTHER

1:46:11STATE.

1:46:11AND YOU GET TO HAVE THAT

1:46:14EXPERIENCE. JUST AN IA THAT I

1:46:15HAVE HAD FOR SEVERAL YEARS TO

1:46:18MAYBE DRAW OTHERS INTO THE

1:46:21CONVENTION CENTER AND SELL FOOD,

1:46:22OF COURSE, AND THE CONVENTION

1:46:24CENT, WHOEVER THE VENDOR WILL

1:46:25BE, THEY'LL BE THERE. BUT, YOU

1:46:27KNOW, SOMETHING A LITTLE

1:46:29SPECIAL.

1:46:29>> CHAIR CHUGHTAI,OUNC

1:46:33MEMBER VETAW, I HAVE SOME

1:46:34AWESOME IDEAS, TOO, AND THAT IS

1:46:35PART OF THIS COMPETIVENESS AND

1:46:37INVESTMENT DISCUSSION AND I DO

1:46:40NOT DISAGREE WITH YOUR KDZ AT

1:46:43ALL, AND HOPE THAT THAT CAN BE A

1:46:45PART OF YR FUTURE.

1:46:46>> THANK YOU FOR THAT. FOOD IS

1:46:48JUST A BIG PART OF THE

1:46:49EXPERIENCE. I MEAN, I KNOW THAT

1:46:53CONFERENCE FOOD ISN'T WHY I GO

1:46:55TO A CONFERENCE.

1:46:56BUT I MEAN, THAT IS WHAT MAKES

1:46:58US DIFFERENT, THEN OTHER CITIES,

1:47:00MAYBE THAT'S THE DRAW TO COME TO

1:47:03MINNEAPOLIS IS BECAUSE WE PUT IN

1:47:05EMPHASIS ON CONFERENCE FOOD.

1:47:08AND JUST AN IDEA. I HAVE MORE,

1:47:10BUT THAT WA JUST THE ONE I

1:47:12WANTED TO SHARE NOW. THANK YOU.

1:47:15>>HANK YOU. NEXT I'LL

1:47:18RECOGNIZE COUNCIL MEMBER CHAVEZ.

1:47:20>> THANK YOU, CHAIR CHUGHTAI.

1:47:22YEAH, THANKS FOR BEING HER AND

1:47:24FOR THE PRESENTATION. AND MY

1:47:26QUESTION IS ONE OF THE DOWNTOWN

1:47:28ASSETS FUND AND THE QUESTIONS OF

1:47:29THE CITY ATTORNEY'S OFFICE. IF

1:47:31YOU CAN REMIND US WHO PAYS INTO

1:47:33DOWNTOWN ASSETS FUND, AND I

1:47:35BELIEVE THERE'S MANY DIFFERENT

1:47:38STREAMS POSSIBLE AND LOCAL TAX

1:47:40AND INCREASE IN LIQUOR, LICENSE,

1:47:43AND LIQUOR TAX. CAN YOU WALK US

1:47:44THROUGH WHO PS INTO THAT TAX?

1:47:47>> SURE. CHAIRCHUGHTAI,

1:47:50COUNCIL MBER CHAVEZ, THE

1:47:51DOWNTOWN ASSETS FUND REVENUES

1:47:53ARE DERIVED BY USE TAXES. THERE

1:47:56IS A .5% SALES TAX. THERE'S A

1:47:593% ENTERTAINMENT TAX. THERE'S A

1:48:023% LODGING TAX. 3% RESTAURANT

1:48:05TAX. AND 3% LIQUOR TAX. AND

1:48:09THOSERE ALL, MOST OF THEM, THE

1:48:11USE TAXES ARE COLLECTED WITHIN

1:48:16GEOGRAPHICAL AREA, WHICH IS

1:48:19ROUGHLY THE CORE OF DOWNTOWN OF

1:48:22DOWNTOWN MINNEAPOLIS. OBVIOUSLY

1:48:24THE REVENUES WE CREATE AT THE

1:48:27CONVENTION CENTER GO INTO THE

1:48:28DOWNTOWN ASSETS FUND, AND THE

1:48:29MORE REVENUE WE CREATE, THE

1:48:31BETTER IT IS FOR THE DOWNTOWN

1:48:32ASSETS FUND. BUT THOSE ARE THE

1:48:34MAJOR COMPONENTS FUNDING.

1:48:36>>HANK YOU. I JUST WANTED TO

1:48:38ASK THAT. AND FURTHER

1:48:40CONVSATIONS AND NOT JUST A

1:48:42DOWNTOWN THING IN MY OPINION.

1:48:45THANK YOU.

1:48:47>> THANK YOU. I THINK THAT

1:48:50CONCLUDES THE DISCUSSION AND

1:48:51QUESTIONS THAT WE HAVE FOR YOU,

1:48:53SIR.THANK YOU FOR COMING IN TO

1:48:55PRESENT YOUR 2027 RECOMMENDED

1:48:58BUDGET. IT IS A PLEASURE TO

1:49:00HAVE YOU IN OUR CHAMRS. WITH

1:49:03THAT, I'LL ASK THE CLERK TO FILE

1:49:04THIS PRESENTATION. THANK YOU

1:49:05AGAIN.

1:49:05>> THANK YOU. ITH THAT,

1:49:07COLLEAGUES, WE'VE CONCLUDED ALL

1:49:08BUSINESS TO COME BEFORE THE

1:49:09COMMITTEE TODAY. AND I THERE

1:49:10IS NO OBJECTION, WE STAND

1:49:12ADJOURNED UNTIL OUR NEXT

1:49:13MEETING, WHICH IS THIS COMING

1:49:15MONDAY MORNING, OCTOBER 26, AT

1:49:1710:00 A.M., WHERE WLL RECEIVE

1:49:20BUDGET PRESENTATIONS PREPARED BY

1:49:21PERFORMANCE MANAGEMENT AND

1:49:23INNOVATI, AS WELL AS THE

1:49:24PUBLIC WORKS DEPARTMENT. THANK

1:49:25YOU.

1:49:30YOU.

1:49:30.

1:49:30.

1:49:30.

1:49:30.

1:49:31.

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