A. CALL TO ORDER BY PRESIDING OFFICER 1. INSTRUCTIONS TO CITIZENS ON SIGNING UP FOR PUBLIC TESTIMONY RE... Widmark read instructions to citizens None 1. PROPOSED REVISIONS TO GRESHAM REDEVELOPMENT COMMISSION GRANT P... 4:10 Bemis B. CITIZEN AND COMMUNITY GROUP COMMENTS FOR AGENDA (EXCEPT PUBLIC... Kia Selley, presented the staff report. C. CONSENT AGENDA (10 minutes) Commission actions are taken in on... Mayor Bemis read the consent agenda Bemis - describe the predevelopment application is and costs and ... Motion to Approve C. CONSENT AGENDA   Moved by , second... D. COMMISSION BUSINESS selley - assessments level one and twon - financial market analsi... Vote to Approve C. CONSENT AGENDA (Approved) (Recorded at 00:05:56) bemis - receive matching fund and not proceed with project - E. ADJOURNMENT OF MEETING. TOTAL ESTIMATED TIME: 48 MINUTES Kilain - are we taking photos of every step along the way selley - yes they could but must alos invest own money bemis - language that would keep the urban renewal commission par... kia - we receive all the documents so could affectively own that ... Selley to get back to staff - bemis way to leverage cost - wk seley no wk - no recourse wk - same names coming up for these grants - is there a limit for... seley - no restriction on number of applications - number of prop... wk - formula - increasing maximum grant - Young - use the assessed value assumption provided by developer -... wk - exclude non-profits - echols - full payout requires 33m Selley - 1 M 33.3m investment - echols - investing 10 M or more - Selley - calculation is to demonstrate how much to reach the 1 m ... Kilian - Young bemis - per 10 is 300,m Young Kilian Young - still taxes and generates tax value - stegmann - the way it is financed is through tax increment - mone... young - not award to company unless paying for itself within 10 y... stegmann - budgetd amount - or is it tied to selley - grants are not tied to property tax revenue generation -... bemis - everything comes out of - all tax drivien - stegmann - finite amount of money for the grants going from 10 -2... seley - yes - current fiscal year to serve all grant programs - e... stegmann - if increasing from 10-25 thousand - selley - not exact number remaining for current fiscal year - 1/2... bemis - to put rockwood in the young - helps but does not provide benefit to enterprise zone - b... Fuhrer - contingency proposal - contingency part of grant program... Selley - reason staff recommended - contingency of up to 10 % req... Fuhrer - appreciate explanation - but sets a precendent that we m... bemis - 10% because of the sum of the lowest bid of the sum of th... fuhrer - look at ways to get at the problem - maybe overstating t... bemis - would 10% contingency would come back to commision for ap... selley - widmark - not comfortable with contingency - explanation helps a ... widmark - regarding assessed value - is confusing to people - equ... young - assessment is determined thorugh multnomah county assesso... widmark - lag time between project ongoing and hte tax assessment... young - project developer would know what the maximum amount of g... Kilian - what happens with fines - contingency to help with money... young - if a fine to pay if work not completed in a certain amoun... kilian - eligible means What - unanticipated costs be defined bet... Selley - elegibile costs are defined within the grant program - c... stegmann - contingency - sometime the lowest cheapest bid is not ... bemis - a little different - pull item and do more work on it - r... WK - large grant program formula - maximum grant award bemis - take out the contingency one - also the math Kilian - buy local - support gresham business for buy local - Selley - work closely with grantees - kilian - what is local - selley - same definition as the city - bemnis - remove item three - Motion to Approve 1. PROPOSED REVISIONS TO GRESHAM REDEVELOPMENT ... Vote to Approve 1. PROPOSED REVISIONS TO GRESHAM REDEVELOPMENT CO... Stegmann - announced Bemis - Plaza del Sol - 187 and stark