2026-09-21 - Committee on Real Estate

00:03All right, and Mr. Vice Chairman, we are

00:05recording and we are also live

00:07streaming.

00:12>> Thank you.

00:13Um

00:15Let's see, do we have did the mayor

00:16join? Yes, okay. So, we've got

00:18everybody.

00:23All right, well, let's go ahead and get

00:24started. I call this

00:27uh September 21st, 2026 Committee on

00:30Real Estate

00:31meeting to order.

00:34Uh Council Member Apel is

00:37uh I guess he's he's out for Yom Kippur.

00:40So, if we could just bow our heads for a

00:42moment of silence.

00:54Thank you.

00:55Um

00:57I've got approval of the minutes of

00:58August 17th, 2026. Do I have a motion?

01:03>> Move to approve.

01:04>> Second.

01:06>> All right.

01:08Motion properly seconded and it any

01:10comments, additions, deletions?

01:13Hearing none, all in favor, please

01:15specify by stating I.

01:17>> I.

01:18>> Any opposed?

01:20Minutes pass.

01:23All right, moving on to item A,

01:25a resolution to approve an amendment of

01:27the agreement for development for joint

01:29County Industrial Park by and between

01:31Charleston County and Collin County

01:35so as to include additional property as

01:36part of the industrial park.

01:39Do we have what do we have a motion for

01:41this item?

01:42>> Move to approve.

01:45>> Any seconds?

01:47>> Second.

01:48>> Do we have anyone from staff?

01:51Uh if Amy, you want to say anything to

01:54this or

01:55>> Sure, if you'd like me to. Sorry, my

01:57camera I can't my camera to work, so I'm

01:58sorry. I can't come on camera. This is

02:01the Robert Mills Manor um

02:03that they're including in this

02:04industrial park. They're doing this in

02:06order to um get historic tax credits to

02:09allow them to give them some extra

02:11funding to get this project completed.

02:13And

02:14>> [clears throat]

02:15>> um

02:16they have to have a for-profit entity

02:19take over in order to get the historic

02:21tax credits, but Charleston Housing

02:23Authority will maintain controlling

02:25interest of it the entire time. There's

02:28no financial impact to us because it's

02:30already not on the tax rolls. So.

02:33That's all I have.

02:37>> All right, any questions for Amy? Seems

02:38like it's pretty straightforward and

02:41neutral.

02:42>> I just have a question. Uh

02:44Aaron here. Uh just wanted to

02:46um confirm what occurs at the conclusion

02:51of the

02:52um

02:53uh repair. Does it go back to a um

02:58nonprofit like circumstance or a

03:00governmental circumstance or does it

03:02remain in that um positioning um for in

03:06permanency?

03:07>> It will revert back to the Charleston

03:08Housing Authority, Councilmember Polkey.

03:11>> Okay, great. Thank you.

03:12>> You're welcome.

03:15>> Any other questions?

03:20Hearing none, all in favor, please

03:22specify by stating aye.

03:23>> Aye.

03:24>> Aye.

03:26>> Any nays?

03:28Hearing none,

03:30the item passes.

03:33All right, item B, authorization for the

03:35mayor to execute on behalf of the city

03:37utility easement

03:38approved form by corporate counsel

03:42for a Dominion Energy encumbering a

03:45portion of the city of Charleston's real

03:47real property.

03:49Uh

03:51I think Do we have anyone to present on

03:53this?

03:54>> Sure.

03:54>> Is

03:55>> Okay.

03:56>> Yes, Mr. Chairman.

03:57>> What was yours?

03:58Okay, go ahead. Do a motion.

04:00>> I move for approval.

04:02And then you can have a discussion.

04:04>> Second again.

04:06>> Okay, uh just real quick. This is for

04:08the Lowndes Housing Housing project. Uh

04:10they're going to be undergrounding uh

04:11some wires underneath the existing

04:14driveway and run it to King Street with

04:16the transformer.

04:18So, we would recommend approval.

04:22>> Any questions for Ms. Copeland?

04:29All right, hearing none.

04:31Um

04:32This

04:33If if

04:34If if uh could

04:35all could signify your support by saying

04:37aye.

04:38>> Aye.

04:39>> Aye.

04:40>> Any

04:40Any nays?

04:42Hearing none, that item passes.

04:46All right.

04:47Uh item C, authorization for the mayor

04:49to execute an agreement uh with the

04:51Medical University Foundation

04:54uh related to the remaining Horizon TIF

04:57properties and over in West Edge.

05:00Um

05:02Do we have anyone to

05:03present on that?

05:05>> Yeah, I can speak to that, Mr. Chairman.

05:07>> Get a motion. Put that one on the table.

05:10>> I move for approval.

05:13>> Okay, motion. Is there a second?

05:15>> I'm going to second it subject to

05:17hopefully

05:18get an amendment on this thing. But

05:20anyway, go ahead.

05:21>> All right.

05:22Mr. Mayor.

05:24>> Sure. Um so, this is something we've

05:26talked about on and off for

05:29about 18 months now. Uh the idea here is

05:33to

05:34um

05:36simplify the arrangement over at West

05:39Edge uh between MUSC Foundation and City

05:43of Charleston who are the two

05:46uh principal owners of

05:49uh WestEdge Foundation, which owns all

05:51of that real estate or has technically

05:54an option on all of that real estate.

05:57And this is in an effort to start in

06:00earnest the planning process.

06:03Um MUSC, we've kind of going back and

06:06forth about whether or not we should

06:09potentially buy it or um you know, let

06:14them stay in the deal. I think their

06:17strong preference at this point would be

06:19to let uh the city of Charleston run

06:21point on this.

06:23Um but when we brought it to council

06:25previously, the there was understandable

06:29uh

06:30uh hesitation and concern over city of

06:34Charleston putting all of the funding um

06:38up on this and MUSC [snorts] not having

06:42quote skin in the game. So,

06:45what we're looking at doing here is is a

06:47little bit of a hybrid where the city of

06:50Charleston would not have to borrow any

06:52money.

06:53We would use cash that is in the account

06:56now to buy down their interest.

07:00Um there would

07:01nothing off of the general fund or the

07:03TIF over there or anything like that.

07:05This is cash held by WestEdge

07:07Foundation. It would just be transferred

07:10to MUSC.

07:12And then the balance of approximately um

07:17I think $15 million would would be paid

07:21for uh by a

07:25um

07:26uh

07:27third party coming in as a joint venture

07:30partner to build the housing.

07:32Um so again, nothing off of the city. We

07:36would be

07:37um

07:38uh kind of in the driver's seat, if you

07:40will, and um

07:43I think it's a cleaner way of going, but

07:46open to other suggestions and ideas on

07:49this front.

07:53>> I'm Mr. Tim.

07:54Yeah, I do. I think it's pretty good

07:56clean deal. I agree with you, Mr. Mayor.

07:59Good deal in getting it from where you

08:00got it from to where we are today, but

08:02it's the 7% piece that's got me hung up.

08:05Uh can you explain the 7% that I I guess

08:09Medical will be guaranteed over what,

08:113-year period? I just glanced at it not

08:13too long before this meeting, so you got

08:16more

08:17involved with that.

08:17>> Yeah, I

08:18So so there's a time value of money

08:20component to this.

08:22Um if if it's just locked in at a set

08:25price and has 36 months,

08:29um then they just want to see some

08:32appreciation for that, and that's that's

08:33kind of a hard line that their board has

08:37drawn on this because they have to be

08:39fiduciaries, and I know

08:42uh

08:43they have to be

08:44>> I understand. Let Let me tell you the

08:46the the maybe Harper and I would get

08:48um

08:50They really uh uh

08:51the 15 million or approximately,

08:53whenever the private sector person comes

08:55along to buy this,

08:57it and it could be

08:59we don't know what that number will be

09:00over the next however long it takes to

09:02sell.

09:03That's the risk

09:05of owning the equity product, okay?

09:07Which is real estate.

09:10Whenever that property sells, it's going

09:11to be whatever's agreed to, a willing

09:13buyer and a willing seller. Medical is a

09:15willing seller.

09:16Uh certainly we're going to

09:18we're in the agreement with them. We're

09:19willing

09:20uh

09:21seller along with them to whoever the

09:23private sector participant will be. For

09:25us to guarantee a 7% return,

09:28um

09:32Well, they guarantee the 7% return to

09:34us. They have an 8.4 billion dollar

09:37budget. We have less than a 400 million

09:39dollar budget.

09:40>> Fair enough. Fair enough.

09:41I I I I think let me let me put it in a

09:43different uh from from take take it from

09:46a different perspective and I and I

09:47completely understand and respect where

09:49you're coming from.

09:52The question becomes

09:54the the 15 million

09:56and I think they would more than happily

10:02uh uh

10:02go with an appraised value at that point

10:05if that's what you would prefer. I think

10:07we are actually getting a better deal

10:10locking in a price

10:12and assuming cost of capital of 7%

10:16um right now cuz I think that

10:20uh I honestly think and I'm I I need to

10:22be careful about saying this cuz I don't

10:23want to get their board uh having too

10:26many dollar signs in it. I think for

10:28that 15 million

10:30is a very good price.

10:33Um

10:35for us and I think if it was subject to

10:38an appraisal

10:39uh that it would be significantly it

10:42could be significantly higher.

10:44>> Well, at the end of the day it's subject

10:46to the market. Okay? Uh willing buyer

10:49and a willing seller.

10:51Why should we guarantee uh the time

10:54value of money?

10:56I don't think any of us should guarantee

10:57the time value of money. The two I don't

10:59think we should guarantee it. I don't

11:01think they should guarantee it for us on

11:03the 15 million. We already saying

11:05whatever it sells for for the most part.

11:07Let's say it sells for 20 million.

11:12We want the affordable house.

11:14They leaving no skin in the game and we

11:15going to guarantee 200 and whatever

11:17units.

11:18And I'm fine with that because our goal

11:20is to build affordable uh workforce or

11:23some combination thereof housing. And

11:26one of the uh recipients of that

11:29hopefully will be the employees

11:31um of Medical University but why are we

11:34issuing guarantees? I'm okay with

11:36letting the private market

11:38uh

11:39settle

11:40whatever the value that property is. I

11:42understand the part of the appraisal,

11:43but you don't That's just one person's

11:45educated guess. At the end of the day,

11:48somebody's got to come forward with a

11:49check

11:50to get uh

11:52hopefully Medical University satisfied

11:54and at that point the city satisfied as

11:56well.

11:57So, it's the guarantee portion that I

11:59don't think uh

12:01we ought to I think if we strike that, I

12:03think it's a decent agreement. Uh

12:07So, anyway, um

12:08>> I think

12:09>> That's the only heartburn I have with

12:10that one because they're they're really

12:11not leaving any skin in the game, and

12:13we're the ones guaranteeing the

12:15affordability.

12:16Not Medical University.

12:19>> Right.

12:21Um

12:22I think that um

12:25you know, I guess maybe an alternative

12:27here would be instead of

12:29uh

12:3115 million plus

12:34a 7%

12:37um which we don't have to pay. I mean,

12:40again, this is not a requirement.

12:43We're not forced We're not forced. This

12:45is an option.

12:46>> Right. We don't

12:47That's That's why we're discussing it,

12:49whether we want to agree to do it.

12:50>> And and

12:51I guess the risk

12:52>> a million dollars a year.

12:54>> The risk is that

12:56that the property

12:59um

13:00is worth Let's just call it Let's say

13:02it's a million dollars a year. It's not

13:03quite a million dollars a year, but

13:05let's call it a million dollars a year.

13:07Uh that would equate to instead of being

13:09at the end of 3 years, instead of being

13:1115, it'll be 18 million.

13:13Our risk is that the property and the

13:15buyer for that portion of it would say,

13:20"You know, we think it's only worth

13:2315 or 12."

13:24>> Right.

13:25>> You know, so that's a risk, But, the

13:28risk to MUSC, of course, is that the

13:31value could be significantly higher. All

13:33of which would be more creative for

13:36uh more money towards housing, cuz we're

13:38not looking to pull a profit, of course,

13:40off of this.

13:41>> Correct. That's why we don't need to

13:42issue any guarantees to either party.

13:45They should hold us for a guarantee.

13:47Actually, it's a little more than a

13:48million. It's a million 50 thousand. Uh

13:51that's what 7% of

13:5315 million is. But, that's it.

13:56Um

13:57I think it's a very good deal without

13:59guarantees, and we put our our risk in

14:03market value of properties on the

14:05peninsula. And I I don't think that's a

14:06bad risk. I think the the value will be

14:08more, hopefully. In particular, as

14:11property continues to develop around it,

14:13so.

14:15Um

14:17a million dollars makes more means more

14:19to the city, and I I don't want to sound

14:22um

14:24magnanimous on this, but

14:27a million dollars mean more to our

14:28budget

14:29than it does to an excess of an 8

14:32billion dollar budget.

14:33>> Well, again, just for clarity, I mean, I

14:35know this is somewhat technical

14:37technical, but it is relevant. I mean,

14:40it's it's not MUSC, it's the foundation.

14:42And so, it's just the separate board,

14:44and they don't have an 8 billion dollar

14:47a year budget. But, they do have a

14:49decent balance sheet, to your point, and

14:52um

14:54I I want to do this, if I may.

14:56I think I made the motion.

14:58Um if there there's not a

15:02a ton of urgency on this, but I do think

15:05it's it's time to flush this out. But, I

15:08I respect Borough Councilman Waring's

15:10coming from. What I'd like to do is

15:13defer this

15:16I I'll amend my motion to defer this

15:18item until the next meeting, and

15:23um we'll

15:24uh uh

15:25get with Councilman Waring and anyone

15:27else on the committee who would like

15:29a little bit more clarity and background

15:31on this

15:32to kind of how we got to where we are

15:35and

15:36and then bring it back for the

15:38committee. And we can also maybe follow

15:40up with the foundation on what other

15:42potential options they might have on the

15:447%.

15:45>> I agree with that. I'll I'll second that

15:47motion to defer.

15:49>> All right, we got a motion to defer

15:51properly seconded.

15:54Uh

15:55I guess all in favor, please specify by

15:57stating I.

15:58>> I.

15:59>> I.

16:00>> I.

16:00>> So.

16:02All right, well, we'll continue the

16:03conversation on that one. I'm I'm

16:06I'll be happy to participate in that

16:07meeting, too, Mr. Mayor.

16:09>> Thank you.

16:10>> Um

16:11All right.

16:13Item D.

16:15Authorization for an amendment to the

16:17Long Savannah development agreement

16:19section

16:216.6.B.

16:24Um

16:26I guess who who we have to

16:28>> I'll cover that one.

16:29>> All right. Um

16:31well, I guess do we do we have a motion

16:33for that?

16:35>> So moved.

16:36>> Second.

16:37>> All right, we got a motion and a second.

16:40Open.

16:41>> Okay, so this request came from the

16:43developer and and Mayor, please chime in

16:45if I if you want to throw anything in

16:47here as we go through this. So in 2015,

16:49we had an amended development agreement

16:50with Long Savannah.

16:52And 6.6.B

16:54says specifically as it regard you know,

16:56as it relates to Long Savannah Parkway

16:58that no more than 1295 residential

17:01building permits will be issued unless

17:03and until Long Savannah Parkway

17:05improvements have been completed. What

17:08they're asking for now is an amendment

17:10to the language that says no more than

17:121295

17:14residential certificates of construction

17:17completion and certificates of occupancy

17:20will be issued unless and until the Long

17:22Savannah Parkway improvements are

17:24uh open for vehicular traffic. So, at

17:29this point

17:30we sit on the building permit until the

17:32Long Savannah Parkway is complete. And

17:34what they're asking for now is that we

17:36issue the permits and we hold the

17:38certificates of occupancy or completion

17:40until Long Savannah Highway is uh open

17:43to vehicular traffic.

17:46>> I may um add to that, Mr. Chairman, just

17:49a just point of clarification. I have

17:51spoken with the developers and it mean

17:55it makes sense. The the the principle

17:57behind the

17:58um

17:59uh language in the MOU is to make sure

18:02that the infrastructure is in place

18:03before people move in,

18:05right? Um well, they we're all in

18:09agreement on that. What they're asking

18:11for here, because the Parkway itself is

18:15very expensive and the benefits that it

18:18is going to bring, both obviously with

18:20connectivity, but also stormwater, are

18:23significant to the city and the

18:25surrounding areas and neighborhoods.

18:28And so, because of this

18:30uh heightened cost and the added

18:32benefits, what they're asking for is

18:36um for the ability to start building the

18:39units,

18:41um but not occupying them, but building

18:43the units. And what that does, just

18:46candidly, is it allows them to get

18:49revenues from

18:51uh the various builders buying the lots

18:54to fund the Parkway itself.

18:57Uh

18:58so, they've been pretty transparent and

19:00open about that. To me, it makes sense.

19:03Again, we are not, and I want to repeat

19:05this, if we can put it in all caps in

19:08the minutes, that would be great. Um Um,

19:10we are not allowing for uh the

19:14certificate of occupancy or people

19:16moving in before the Parkway is

19:18completed. This is simply just changing

19:22it from a permit being issued to a CO

19:24being issued.

19:30>> Any questions for the mayor, Ms.

19:33Copeland from the committee?

19:36>> So, Mr. Mayor, is that an amendment or

19:38something to the motion or

19:40>> No, no, no, there's no amendment to it.

19:42It is um

19:43it it it it it's

19:46what uh Ms. Copeland proposed. I was

19:48just giving a bit of additional

19:50clarification.

19:52Um, the only other comment, if I may

19:54though, uh that I think is important

19:56that is not directly related to this,

19:59but it is related, and I just want to

20:01put it on this committee's

20:04um

20:04radar

20:06um because it relates to Long Savannah

20:08is in the development agreement. Part of

20:11the conditions are that they, the

20:13developer, will convey to the city

20:16uh at least 2 acres for a fire station.

20:21Um,

20:22which is pretty essential, and we're

20:25trying to

20:27finalize where that location will be,

20:30and we have not landed on a specific

20:33uh site. They've proposed one site, but

20:36it won't fit uh our programming because

20:38of some wetlands.

20:40Um

20:42and then another component of this is

20:44that

20:45between the Long Savannah developers and

20:47the Hip Property developers

20:50we have uh

20:52uh two parcels, um this is part of the

20:55development agreement, that is set aside

20:58for affordable housing that

21:01uh we need to finalize

21:05you know, some thoughts on what we're

21:06going to do with it. So, just wanted

21:08again put that on the radar of this

21:11committee because I suspect any plans

21:15associated with that transition may be

21:17coming through

21:19this committee as well.

21:22But otherwise, I'd move for approval on

21:25Ms. Copeland's about Did we already have

21:26a motion, Ms.

21:27>> Yeah, we already have

21:30>> Um any any other questions?

21:33>> I'm just curious just to be able to

21:34remember the the

21:36the two portions for uh

21:39affordable housing about how big those

21:40tracts are.

21:42>> I want to say they're about 5 acres or

21:44maybe even bigger. Um they're they're

21:46not small. And is that correct, Ms.

21:48Copeland?

21:50>> So, they are required to hand over at no

21:52cost to the city two 5.65 acres of high

21:56ground sites. So,

21:58>> 10 acres total.

21:59>> Yeah.

22:00>> Good deal.

22:03>> And I've got one question, Mr. Mayor.

22:05You You said that the um

22:08Now, that this is triggered by COs not

22:11permits,

22:13uh but there's a way that

22:15we can enforce

22:18that the the the COs

22:21uh don't mean

22:23actual

22:25residencies?

22:27>> Yeah, I mean you can't occupy a building

22:28until you have a CO. So, we will not

22:31issue a CO until the parkway is done.

22:36>> Okay.

22:38Um

22:39All right.

22:42>> Yeah, I got one one last question. On

22:44the fire station

22:45back to the fire station,

22:47um

22:48how's that's going to be determined?

22:50They're supposed to be donating a parcel

22:52of land where the fire station is going

22:53to be located.

22:55I mean um so,

22:58is that going to be done sooner rather

22:59than later or how's that working?

23:01>> We we we have a we have a site in mind,

23:04they have a site in mind. It's just um

23:09a discussion. I think they're they're

23:10certainly supportive of having a fire

23:12station. It means lower insurance for

23:14all of their residents and and the like.

23:18Um

23:19so I think it's a win-win. It's just

23:22uh

23:24we got to we got to lock down the site

23:26and make sure it uh will fit the basic

23:29programming of station and and it fits

23:31the radius requirements and there's some

23:35technical components to it as well.

23:37>> Okay, thank you. Thank you.

23:43>> Okay, any other questions?

23:48Hearing none, uh

23:50all in favor, please signify by stating

23:52I.

23:52>> I.

23:53>> I.

23:55>> Any nays?

23:57Hearing none, the item passes.

24:02Okay, um moving on to item E,

24:04authorization for the mayor to execute

24:06an an amendment to lease agreement with

24:08Dominion

24:10regarding 3.32 acres

24:13uh over on uh Gre- Greystone Rutledge uh

24:16related to 12 parking spaces for

24:20uh electric charging.

24:23Can I get a motion for that?

24:25>> approval.

24:26Thank you.

24:26>> I motion, second.

24:28>> Yeah, second.

24:29>> Any any um

24:32anyone to present on that?

24:34>> Pretty straightforward. We're just

24:35>> Pretty straightforward, yeah.

24:37>> We need we we're we're in desperate need

24:38of some places to charge EVs and um

24:42this is right there at the dog park and

24:44a lot of uh

24:46I think it would

24:47feel like it'd be pretty popular. And

24:49just for what it's worth,

24:50um these are not just Tesla connections,

24:56these are universal connections, so

24:59anybody with an electric car can plug

25:01in, not just

25:02one uh, manufacturer.

25:07>> Is it the fast charger or the one that

25:11I don't have I got a gas guzzler, so

25:13>> Right.

25:15I don't know if I'll be able to answer

25:16that question on that one.

25:18>> [laughter]

25:19>> I go to blow up or something, but

25:20anyway.

25:21Um,

25:22is what type charge is it? Is it the

25:24quick charge or the the long one?

25:28>> We'll have to find that out for you,

25:29Councilman.

25:30>> Okay.

25:32Thank you.

25:33>> Councilman this is Matt there. My

25:34understanding is they are going to be

25:35superchargers.

25:39>> I mean,

25:39>> It makes sense.

25:40>> What what else would you expect in

25:41District 6, right? Supercharging. Uh,

25:45don't don't Ben's not here to speak for

25:47himself.

25:48>> I you know, I

25:49I know Councilman DiAlessandro would

25:51appreciate that.

25:52>> Yeah.

25:53>> I I I have a question. Um,

25:55>> Sure.

25:55>> I just wanted to make sure I Thank you.

25:57I just wanted to make sure I understand

25:58here. There was an existing um,

26:01effort to put the chargers there and

26:03there's just this this is just an

26:04adjustment to the footprint of it?

26:07Or is this the Is that the the bottom

26:09line here?

26:10>> Yes.

26:11>> Got it. Thank you.

26:15>> I would just make one uh, request.

26:17Molina did catch a piece of this uh,

26:19lease amendment that needs to be

26:20revised. We need to remove section 5.2.

26:23Thank you, Molina. So, if you are going

26:25to vote in favor, as amended. Thanks.

26:30>> Okay, so I'll amend my motion for

26:33approval

26:35um,

26:35with the amendment of the removal of

26:38section 5.2. Is that correct?

26:40>> Uh, second that.

26:42>> And then the vacation

26:44>> Okay. Well,

26:46>> [clears throat]

26:47>> All right. Well, um,

26:50all

26:51uh, in favor

26:53please signify of the amended item,

26:55please signify your support by stating

26:58aye.

26:59>> Aye.

26:59>> Aye.

27:01>> Okay, any in opposition?

27:04Hearing none, that item passes.

27:08>> Chairman Tinkler, F and G can be taken

27:09together if

27:10the committee is willing.

27:12>> All right, do we have a motion?

27:14>> Motion.

27:15>> F and G together. We got a motion,

27:17second.

27:20>> Second.

27:22>> All right,

27:23and and to approve I presume, Councilman

27:27Greg?

27:28>> Uh yeah, do we can we get a just quick

27:31explanation?

27:32>> course. We'll get a Just put it on the

27:34on the floor. Um

27:36>> Move for to take F and G together and

27:38for approval.

27:39>> Okay, so we got F and G. Who do we have

27:42to present on

27:44this item?

27:45>> again. That's me again.

27:46>> Ms. Copeland.

27:47>> All right, so as you may recall,

27:50this we have about 60

27:52plus or minus acres donated to the city

27:55out near

27:56in Daniel Island. Uh we later heard from

27:58the property owner that they

28:00accidentally deeded to us a little too

28:02much property. They have 1.83 acres with

28:05a cell tower sitting on it that they

28:07would like to take back. So, by

28:10approving these two actions, we are

28:13quick by quick claim deed, we are

28:15conveying back 1.823 acres with a cell

28:18tower on it, and Mr. Brumley is going to

28:21be executing a corrective deed with that

28:24acreage removed. So, that's what these

28:26two items on the agenda

28:28are covering.

28:29Let me know if you have any questions.

28:35>> No questions. We needed the cell tower

28:37out here.

28:38>> Yeah, what what kind of revenue do we

28:39get from the cell tower?

28:41>> We don't.

28:42>> We don't.

28:44>> He's pulling that out.

28:45>> Yeah, well, I'm saying what what what

28:47can we get? Um

28:49All right. Well, um

28:50>> We just need cell service out here. So,

28:53uh that's all.

28:53>> All right. Well, I don't want to get in

28:54the way of cell service

28:56for your constituents.

28:58Uh

28:59>> [clears throat]

28:59>> um

29:00All right. Well, I guess it's

29:02straightforward enough. Um all in favor,

29:04please signify your support by saying

29:05aye.

29:06>> Aye.

29:06>> Aye.

29:08>> Uh any nays? Hearing none, that item

29:11passes. Items pass.

29:14On to item H, uh authorization for mayor

29:17on behalf of the city

29:19to enter into a fourth amendment of the

29:21lease agreement for 529 Meeting Street

29:24extending through December 31st, 2027.

29:30Do we have a

29:30>> I need a quick update on that. This is

29:32basically a 1-year extension for the

29:35Hope Center property.

29:37Um

29:38but it that would be for next year.

29:42Um it's for a dollar.

29:44Uh we just have to cover the operating

29:46expenses, basically, and

29:49um but what in all likelihood is going

29:51to be happening is we are in the process

29:54of

29:55um partnering with Star Gospel Missions.

29:59And

30:01it this lease would in all likelihood be

30:03assigned over to them as of

30:07uh the end of this year. So, just giving

30:10them the option to be able to

30:13uh maintain operations there as they

30:15transition to their campus, which is

30:19about two blocks away

30:22uh on Meeting Street.

30:26>> All right. I Can I get a motion for

30:28that?

30:29>> Move for approval.

30:31>> Second.

30:31>> Second.

30:33All all in favor, please signify by

30:35saying aye.

30:36>> Aye.

30:37>> Aye.

30:37>> Aye.

30:39>> Any nays? Hearing none,

30:42the item passes. Um

30:44All right, we got

30:47five annexations. Looks like they are

30:49all residential. Oh, no, there's there's

30:52there's one that's

30:54looks like commercial.

30:56Um

30:57Can I get a motion to take all those

30:59together?

31:01>> Move Move to take them all together and

31:02for approval.

31:03>> Okay.

31:05>> Second.

31:05>> I have a second.

31:09Do I hear a second?

31:10>> Yes.

31:10>> Yes, second.

31:11>> Okay.

31:12Um

31:13Any questions about those? Uh

31:18Okay. Um

31:20All in favor, please signify your

31:21support by stating I.

31:23>> I.

31:23>> I.

31:24>> Any nays? Hearing none.

31:27Those pass. Then moving on to an

31:30executive session.

31:33Can I get a motion to go into executive

31:35session?

31:36>> Move to go into executive session.

31:38>> Can we state

31:39Can we state the purpose? It's to uh

31:41>> The pur- The purpose is uh contractual

31:43negotiations with Charleston County

31:45regarding

31:46995 993 and 995 Morrison Drive.

31:50>> Thank you.

31:51>> Do I need to restate that?

31:53>> No, no. As long as it's on the record.

31:55>> Okay.

31:57And we got a second. So,

31:59uh

32:00>> Who was the second?

32:03>> I heard a second.

32:04>> I think I was.

32:06>> Uh thank you.

32:08>> All in favor, please signify your

32:09support by stating I.

32:11>> I.

32:12>> All right.

32:13>> We Any Any oppositions? I guess Hearing

32:16none. We are in in executive session.

32:18>> Mr. Vice Chairman, I need to cut the

32:21recording and put y'all into a breakout

32:23room. Hold on one moment.

32:24>> All right.

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