Redevelopment Agency
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Transcript
| All right, let's see. It's March 13th, 2024. The time is 9:25. We're going to go ahead and get the Vineyard Redevelopment Agency | 00:00:00 | |
| board started. Thanks for all of those that are still with us. | 00:00:08 | |
| It's just great to have you here. | 00:00:16 | |
| Yeah. All right. Well, we're going to start out with. | 00:00:20 | |
| A little update from our RDA Director, Josh Daniels and then we'll move into our consent agenda. Josh, take it away. Great. | 00:00:25 | |
| Thanks. Josh Daniels from the RDA. I gave a more lengthy presentation at the recent retreat, so I won't repeat any of that, but I | 00:00:33 | |
| think we'll we'll probably have a a broader and and deeper discussion about some of those items at the upcoming meeting. | 00:00:40 | |
| In a couple weeks that you mentioned earlier, but what I do want to share is just draw your attention to the annual RDA report. So | 00:00:48 | |
| there was a change in the legal requirements for reporting annually the RDA. So typically in the past at the end of the year you | 00:00:57 | |
| would receive this report prepared by Lewis and Young and so that report is no longer required. And so now the annual report | 00:01:05 | |
| starting with the year 2022. | 00:01:13 | |
| And also just recently in 2023, the annual report is more of a data report that is given to the Governor's Office of Economic | 00:01:21 | |
| Development, so located here on the GO Ed website, also now known as Go EO, Governor's Office of Economic Opportunity. So all Rdas | 00:01:31 | |
| in the state now submit their their annual budget and these data points as their annual report and that can be found online. | 00:01:40 | |
| This is the 2023 version here, so it's just the basic high level. | 00:01:50 | |
| Data points, you know, you base taxable value, which we talked about at the retreat and the current assessed value. That's how I | 00:01:58 | |
| created that chart that I that I shared with the value of the incremental increase. There's also a link to the project area budget | 00:02:05 | |
| which I've pulled up here. So if you're, if you're interested in that and we could print this out or e-mail it out, but it's also | 00:02:13 | |
| just also available online. I just wanted to kind of draw your attention to those resources. | 00:02:21 | |
| Into that new type of report, these reports are uploaded in June of each year. So also the reporting cycles just slightly | 00:02:28 | |
| different sort of at the end of the calendar year these, these data items will be uploaded in June. That's all I've got for you. | 00:02:38 | |
| This is just a public website that we don't need to log in or anything, correct? This is a public website so you can search for | 00:02:48 | |
| any RDA or CRA in the state here. | 00:02:53 | |
| Taxes remitted back to all the entities that are in it and putting forth a. | 00:03:39 | |
| On the website, we put our RDA stuff on the city website. | 00:03:44 | |
| Yeah. I mean there, there is a section of the city website that has RDA information. I think that the websites being updated. So | 00:03:48 | |
| I'm not sure if that is like live right now, but previously it has been and I imagine going forward it will be as well. | 00:03:56 | |
| The goal is is that I know that the RDA has its mission and there's going to be the haves and the have nots and where is the | 00:04:05 | |
| council going to be voting on who gets these and who doesn't? And we're going to sometimes vote to give a better, you know, a | 00:04:11 | |
| deal. And that's our prerogative. But just in every instance of any remitted, whether the beginning of the deal, you know, if | 00:04:18 | |
| there's some upfront money on some of them and then as taxes, you know, are remitted annually, if we could just hey, this is you | 00:04:24 | |
| get this. | 00:04:31 | |
| In December 31st, or you know, two weeks later. | 00:04:38 | |
| It's just calculated so it's very clear for everyone. I think it'd be easier to find it on our website and. | 00:04:42 | |
| You know the total if it had year that year like hey in 2023 we remitted this and year to date we have you know, we ended up | 00:04:49 | |
| giving them X amount over the 20 year cycle. | 00:04:54 | |
| You know, and you're talking kind of on a recipient basis, yeah, broken down by the total everyone that's in the RDA. I know we | 00:05:01 | |
| talked about the two big ones, but there's others that are in the RDA and we'll go forward, right. So, yeah, in the annual budget | 00:05:08 | |
| document, there is a listing of the project expenditures and every annual report has this towards the end, these project | 00:05:16 | |
| expenditures. So these are specific essentially recipients or or or products so that. | 00:05:23 | |
| The way the project expenditure works is that a potential recipient applies to the RDA board for approval for a project. If | 00:05:31 | |
| approved, then you'll enter into a reimbursement agreement, right? So this listing at the bottom of the budget document is a | 00:05:38 | |
| listing of all of those approved projects that would then have related reimbursement agreements. And then in the budget document, | 00:05:46 | |
| this one's, this one's nice and every year looks like this where it's a multi year listing. | 00:05:53 | |
| And it has a listing of the total expenditures for each of those projects. So there is at least some, some of I think what, what | 00:06:01 | |
| you're, what you're asking for here in this annual report. Yeah. And then additionally, more detail will come out and your | 00:06:08 | |
| upcoming update. And then as we move forward, I feel like we can get more granular and find ways to help you learn how to invest | 00:06:16 | |
| and, and make sure that you know. | 00:06:23 | |
| Who you want, how you want to help as those proposals come forward? All right, I need a motion on the consent items. I move to | 00:06:32 | |
| approve the consent items as presented. Thanks. Number first by Amber. | 00:06:37 | |
| Second by Marty. All in favor, aye. All right, we'll go ahead and. | 00:06:45 | |
| Close this meeting, but before we do, we just are go, we need to go into a closed session for item C, which is the strategy | 00:06:51 | |
| session to discuss to discuss pending or reasonable. | 00:06:57 | |
| Reasonably imminent litigation. So I need a motion for that that we will meet for in a closed session for that purpose right after | 00:07:03 | |
| we close this meeting. | 00:07:08 | |
| I move, we move to the closed session for the purpose of strategy sessions to discuss pending or reasonably imminent litigation in | 00:07:14 | |
| joining us a year that will happen here right after, after this meeting. Yeah. If we close the meeting, we don't have to come | 00:07:21 | |
| back. OK. We'll close the meeting right after that. Yeah, You can vote on both at the same time. | 00:07:27 | |
| You need a second. Second by Jake. All in favor. All right, this meeting. Oh, roll call. Jake. Amber. Hi, I'm Marty. Yay, Sarah. | 00:07:35 | |
| All right, this meeting is adjourned. Thank you. | 00:07:43 | |
| Thank you for coming. | 00:07:54 | |
| Play. | 00:07:56 |