PEOPLE THAT THIS IS A PUBLIC HEARING BEING RECORDED AND BROADCAST LIVE ON XFINITY EIGHT HOURS AND 82 AND FAYOSE NINE 64 AND STREAMED ON W BOSTON DOTCOM'S CITY DASCH COUNCIL DASH TV PLEASE SILENCE YOUR CELL PHONES AND OTHER DEVICES AND WE WILL BE TAKING PUBLIC TESTIMONY AT THE END HERE YOU CAN SIGN IN OVER HERE OR I BELIEVE WE DO HAVE SOME PEOPLE ON ZOOME OR YOU MAY ALSO SUBMIT WRITTEN TESTIMONY BY EMAIL C.C.C. PLANNING PLAY AND E.V. AT BOSTON DOT OF TODAY'S HEARING IS TWOFOLD. WE HAVE TWO DOCKETS WE'RE GOING TO DO THEY BOTH THEY BOTH DISCUSS DIFFS DEFERRED INCREMENTAL FINANCING. IF I HAVE THAT IF I HAVE THAT RIGHT ONE IS DOCKET ZERO THREE SEVEN NINE IN ORDER FOR HILLARY AND CALLING FOR THE DISTRICT INCREMENTAL FINANCING TO BE UTILIZED IN DISTRICT SEVEN AND THEN WE ALSO HAVE DOCKET ZERO FOR ONE THREE IN ORDER FOR A HEARING TO DISCUSS DISTRICT IMPROVEMENT FINANCING FROM KAZUKO CIRCLE THROUGH MORRISSEY BOULEVARD AND I'M JOINED BY MICHAEL COLLEAGUES, THE THE SPONSOR OF ZERO THREE SEVEN NINE SAID TANYA FERNANDES ANDERSON FROM FROM DISTRICT SEVEN MY COLLEAGUE AT LARGE FROM DORCHESTER, ERIN MURPHY. AND I THINK THE WAY WHERE WE HAVE WE HAVE TWO DIFFERENT SORT OF SUBJECTS HERE. WE HAVE WE HAVE A PROPOSAL THAT'S A LITTLE MORE BAKHT AND THEN WE HAVE ONE FOR DISTRICT SEVEN THAT I THINK WHAT WHAT WE SHOULD DO AND CORRECT ME IF I'M WRONG COUNCILOR , THIS IS THIS IS YOUR THING BUT I WANT TO BE HELPFUL. MAYBE IF WE COULD TALK ABOUT WHAT A DIFF IS, HOW THEY'RE APPLIED, THE MANY DIFFERENT WAYS THAT THAT THEY CAN THAT THEY CAN THAT WE CAN CAPTURE FUTURE DOLLARS AND MAYBE AREAS OF ROXBURY WHERE WILL WOULD BE APPROPRIATE FOR A DIFF. SO I GUESS THAT'S MY OPENING STATEMENT KONTUM, KONZA FERNANDES'S ANDERSON, WOULD YOU LIKE AN OPENING STATEMENT? THANK YOU. THANK YOU. CHAIR GOOD MORNING EVERYONE. JUST WANT TO REALLY LEARN ABOUT THIS MORE THAN I'VE RESEARCHED AND UNDERSTANDING HOW IT WORKS AS COUNCILOR BAKER THE CHAIR MENTIONED JUST SPECIFICALLY WE HAVE OF COURSE PROJECTS AND THERE ARE A LOT OF CANDIDATES FOR CONTRACTS TO IN ORDER TO EXECUTE THIS LOOKING FORWARD TO A FRUITFUL CONVERSATION AND HOPEFULLY WE'LL TAKE THIS SOMEWHERE TO IMPROVE OUR COMMUNITIES. THANK YOU, COUNCILOR MURPHY. THANK YOU, CHAIR. THANK YOU BOTH FOR FILING THESE DIFFERENT DISTRICTS. BUT AS AN AT LARGE CITY COUNCILOR CARE A LOT ABOUT THIS. BUT BEING FROM DORCHESTER DECADES I'VE DRIVEN ON MAHSA BOULEVARD AND HAVE BEEN MOST MORNINGS I'M IN THAT KAZUKO CIRCLES SO I KNOW THAT AND HOPE TO LEARN MORE ALSO ABOUT THE DIFFS AND HOW THIS BENEFIT CAN HELP WITH TRAFFIC BECAUSE I KNOW ONE OF THE COMMUNITY BENEFITS OFTENTIMES DOES INCLUDE TRAFFIC REMEDIES THAT MANY OF OUR NEIGHBORHOODS NEED TO MAKE SURE THAT THESE HOUSING THAT WE DESPERATELY NEED TO BE BUILT AND DEVELOPMENT ACROSS THE CITY THAT WE'RE SUPPORTING OUR INFRASTRUCTURE IN WAYS THAT ARE MUCH NEEDED. SO LOOKING FORWARD TO A CONVERSATION. THANK YOU. THANK YOU. AND WITH THAT I'LL TURN THAT OVER TO WHOEVER WANTS TO START IN AGAIN. LET'S LET'S TALK FIRST ABOUT WHAT DIFFS HOW THEY CAN BE HELPFUL IN COMMUNITIES AND IF WE CAN CITE ANY ACTUAL DEFICIT THAT WE'VE DONE I KNOW WHEN I WAS HERE I THINK IT WAS IMPORTANT WE DID A DIFF WITH JOHN HANCOCK ON BURKLEY AND SOMETHING I THINK WE DID THE EYEBROWS WENT UP NO OK. MAYBE THAT WAS A DIFFERENT LIFE OR MAYBE THAT WAS A DREAM. I DON'T KNOW. SO I THINK YOU INTRODUCE YOURSELF WHO YOU WHILE YOU WERE AFFILIATED IN AND THEN WE'LL GO. BUT THANKS VERY MUCH COUNCILOR TONY FERNANDES ANDERSON COUNCILOR FRANK BAKER AND COUNCILOR ERIN MURPHY, THANK YOU SO MUCH FOR INVITING US TO TODAY'S HEARING. PLEASED TO BE HERE. MY NAME'S ARTHUR JAMESON AND THE CHIEF OF PLANNING. I'M THE DIRECTOR OF THE BOSTON PLANNING AND DEVELOPMENT AGENCY. I'LL BE SORT OF WEEDING THE THE FIRST PART OF THE DISCUSSION. IT'S MY PLEASURE TO INTRODUCE THE FOLKS SITTING NEXT TO ME WHO CAN DO IT BETTER FOR THEMSELVES. BUT THE CFO AND ASSESSOR GOOD MORNING COUNCILORS ACTUALLY RALPH AMBERGER, CHIEF FINANCIAL OFFICER FOR THE CITY. YEAH, GOOD MORNING COUNCILORS NICK OUR COMMISSIONER OF ASSESSING FOR CITY MR EXCELLENT. SO THANKS FOR HAVING US HERE TODAY JUST TO SORT OF SET THE TABLE AND BEGIN TO TALK ABOUT WHAT A DIF APPOINTIVE ARE AT A TOOL USED BY MUNICIPAL AND STATE GOVERNMENTS TO STIMULATE ECONOMIC DEVELOPMENT IN A TARGETED GEOGRAPHIC AREA THEY CAN FINANCE DEVELOPMENT, THEY CAN FINANCE INFRASTRUCTURE IMPROVEMENTS AND THEY USUALLY USE FUTURE TAX REVENUES THAT ARE GENERATED BY THE ECONOMIC DEVELOPMENT AS THE PRIMARY SOURCE TO PAY BACK THE INVESTMENT. SO IMAGINE IF YOU WERE DEVELOPING A PROJECT AND IT HAD ANTICIPATED STATE AND CITY NEW TAX REVENUE REVENUE THAT THE CITY DOESN'T HAVE TODAY. WHAT YOU BASICALLY ARE DOING IS BORROWING AGAINST PROJECTED NEW INCOME FROM THE STATE OR THE STATE TAXES OR CITY TAXES AND DEDICATING THAT TO INVEST IN THE PROJECT IN QUESTION IN MASSACHUSETTS THAT I'VE BEEN WORKED WITH THIS INSTRUMENT IN TWO OTHER PLACES IT'S REFERRED TO AS A DISTRICT IMPROVEMENT FINANCING OR IF IT'S A LOCALLY ENACTED IN ACTION HAS TO TAKE PLACE IN THIS HONORABLE BODY TO TO VOTE TO DO IT. BUT IT CAPTURES A PIECE OF THE INCREMENTAL TAX REVENUES OF NEW PRIVATE INVESTMENT IN A SPECIFIC AREA AND DIRECTS THEM TOWARDS A PUBLIC IMPROVEMENT AND OR ECONOMIC DEVELOPMENT PROJECT. IT'S NOT A NEW TAX OR A SPECIAL ASSESSMENT AND IT IS NOT INCREASE THE MUNICIPALITIES TAX RATE. IT'S BEEN USED VERY OFTEN AND GET INTO A LOT MORE DETAIL ABOUT IT BUT IT'S PAID BACK. IT'S BASICALLY BORROWING AND THEN PAYING BACK AGAINST AGAINST NEW INCOME. USUALLY IT'S THIRTY YEAR TERM. THERE'S A PROCESS OF APPLICATION BUT MOST PROJECTS ARE CONSIDERED APPROVED WHEN ONE RATIFIED BY THEIR THEIR LOCAL BODIES THE WEIGHT I SORT OF I WANT TO TALK A LITTLE BIT ABOUT A COUPLE OF VARIATIONS ON DIFFS. I WOULD SAY THAT ONE OF THE MAJOR ISSUES THAT COMES ABOUT WHEN YOU'RE DOING A TAX INCREMENT FINANCING IS THE WHO'S CREDIT SO TO SPEAK IS BEING USED TO MAKE THE INVESTMENT YOU'RE BORROWING MONEY TO INVEST IN SOMETHING. WHERE IS THE CREDIT COMING FROM ? SO IN TALKING ABOUT A RECENT VARIATION, THE STATE OF MASSACHUSETTS HAS A PROGRAM CALLED IC CUBED IQ PROGRAM BASICALLY IS A LOT LIKE TIFF'S OR IN MASSACHUSETTS DIFFS OR A DISTRICT IMPROVEMENT FINANCING . WHAT WHAT IT DOES IS IT THE CITY STATE AND IT DEVELOP AN INTEREST ON WILL SIGN A JOINT VENTURE AGREEMENT EFFECTIVELY AND THEY'LL AGREE TO TO REPAY THE THE BORROWING AND THE BORROWING WILL BE STOOD BEHIND BY THE CREDIT OF THE COMMONWEALTH OF MASSACHUSETTS. THIS IS A WAY THAT THE PROJECT GETS WHAT THEY CALL CREDIT ENHANCEMENT ALLOWING THE PROJECT TO GET A REASONABLY LOW INTEREST RATE. ONE OF THE KEY ISSUES WITH TAX INCREMENT FINANCING IS THAT OFTEN PEOPLE WILL PRESENT A GREAT PROJECT. YOU DON'T HAVE A LOT OF FEASIBILITY BUT THEN THE CREDIT MARKETS WILL LOOK AT IT AND SAY WELL THIS IS A SOMEWHAT ALMOST AND THEY'LL SAY THIS ABOUT THINGS THAT MIGHT SURPRISE YOU IN TERMS OF JUST HOW CERTAIN THEY ARE THIS IS A VERY RISKY INVESTMENT. I'D LIKE TO HAVE THE STATE OR THE CITY'S BACKING. I'D LIKE TO HAVE THEIR CREDIT ENHANCEMENT TO MAKE THE FINANCING WORK SO I KUBE IS A PROGRAM THAT ALLOWS CITIES, THE STATE AND THE DEVELOPER TO JOINT VENTURE AND THEN USE THE COMMONWEALTH'S CREDIT MAYBE JUST TO TALK A LITTLE ABOUT THE WAY AND THIS IS SOMETHING THAT THE BEST SUMMARIZED BY OUR CFO CAN I BREAK IN QUICK SO THE IQ BUSINESS IS A STATE VERSION OF THIS? YES. OK, IQ IS THE VERSION AND IT'S BETTER FOR THEM TO HAVE THEIR CREDIT ON THE LINE THAN US. WELL ACTUALLY I'D PROBABLY SAY COUNCILOR BAKER, IT'S BETTER FOR US IF IN SOME WAYS BUT I'D LIKE TO TALK ABOUT THAT FOR A SECOND BECAUSE IT'S A GREAT QUESTION. THE COMMONWEALTH CREDIT IS IS GOOD JUST LIKE THE CITY OF BOSTON. BUT THE KEY THING TO THINK ABOUT IS THERE'S A LOT OF FINANCING COSTS AND THEY DON'T SEEM LIKE THEY'RE GOING TO WANT WHEN YOU START BUT WHEN YOU REALLY BEGIN TO ADD THEM UP THEY'RE SIGNIFICANT WHEN YOU ARE DOING ONE OF THESE PROGRAMS BY WAY OF EXAMPLE, THERE'S A JOINT VENTURE AGREEMENT BETWEEN THE DEVELOPER CITY AND AND THE STATE. THERE'S ALL THE LAWYERS IT TAKES TO TO DRAFT THAT THE FINANCE THE THE CREDIT WORTHINESS OF THE PROJECT IS IS RIGOROUSLY EVALUATED AND THEN THE STATE'S CREDIT COMES INTO PLAY BY THE STATES. CREDIT COMES INTO PLAY AFTER THE DEVELOPERS CREDIT AND THE CITY'S CREDIT COMES INTO PLAY. SO THE REASON THAT THIS INSTRUMENT IS POPULAR IS OFTEN BECAUSE SOME CITIES THAT MAY HAVE A DIFFERENT CREDIT RATING THAN BOSTON WOULD LIKE TO HAVE WOULD BENEFIT SIGNIFICANTLY FROM HAVING THE STATE'S CREDIT IN PLAY. THE RECENT HISTORY OF OF BOSTON USING USING THESE INSTRUMENTS IS IS IS I GUESS I'D SAY THERE'S WE HAVEN'T USED THEM IS THE SHORT ANSWER. THE LONG ANSWER IS WE HAVEN'T USED THEM BECAUSE OUR CREDIT AS A CITY OVER THE LAST TWENTY YEARS HAS BEEN VERY, VERY GOOD. AND AGAIN THE ASSESSOR AND CFO WILL BE HERE TO TALK ABOUT THAT IN MORE DETAIL. SO WHAT WE TYPICALLY DO AND I CAN CITE A FEW EXAMPLES IN THE CASES OF THE REDEVELOPMENT OF TWO VERY LARGE PUBLIC HOUSING DEVELOPMENTS IN THE CITY WHERE THE HOUSING AUTHORITY WOULD COME TO THE CITY AND SAY WE'D LIKE TO USE THESE INSTRUMENTS TO FINANCE AND MAKE THIS PROJECT HARDER. BUNKER HILL FOR EXAMPLE, OR MARIELLE MCCORMICK THE CITY'S RESPONSE TO THAT WAS TO SAY LISTEN, WE HAVE ACCESS TO CREDIT MARKETS WITH A TRIPLE-A CREDIT RATING WE CAN BORROW SIGNIFICANT CAPITAL UNDER OUR GENERAL OBLIGATION BOND PROGRAM AND THEN WE CAN MAKE OUR CAPITAL INVESTMENT IN THE PROJECT AND THEN WE CAN BRING THAT TO A NEGOTIATING TABLE WITH THE STATE AND SAY WE WILL INVEST IN THESE THINGS ON THIS SCHEDULE WITH OUR OWN MONEY STATE. WILL YOU AGREE TO DO INVEST IN THESE THINGS WITH TAX CREDITS AND OTHER RESOURCES ON THIS SCHEDULE AND TOGETHER GO ACCOMPLISH THE ASSIGNMENT ALONG WITH THE DEVELOPER? THAT'S THE WAY THAT THE CITY'S DONE THINGS RECENTLY IN PART BECAUSE OF ALL THE ADDITIONAL TRANSACTION COSTS THAT COME FROM DOING THESE OTHER THESE OTHER METHODS AND THE FACT THAT THE CITY'S STRENGTH IN BORROWING BEING AS STRONG AS IT IS SO THE WAY TO THINK ABOUT IT IS AS WE APPROACH SOME OF THE EXCITING OPPORTUNITIES, ONE OF WHICH I'M GOING TO LEARN MORE ABOUT TODAY AND ROXBURY ANOTHER OF WHICH DORCHESTER BAY CITY IS MAKING ITS WAY THROUGH THE APPROVAL PROCESS IS CONVERSATIONS WITH CFO AND ASSESSOR ABOUT SHOULD WE BE EVALUATING IQ OR THE OTHER OR SHOULD WE ALSO THINK ABOUT JUST MOVING A GENERAL OBLIGATION BOND PROGRAM INVESTMENT THROUGH THE CAPITAL PLANNING PROCESS? THOSE ARE THE TWO WAYS THAT WE'RE BEGINNING TO LOOK AT THIS NOW. BUT AGAIN WE'RE TRYING TO MAKE SURE THAT WE'RE JUST IN TIME TO HAVE A PLAN TO SUPPORT THE CRITICAL INFRASTRUCTURE THAT'S GOING TO BE NEEDED TO SUPPORT THE DORCHESTER BAY CITY PROJECT AND I THINK HOPEFULLY OTHER PROJECTS IN ROXBURY AND ELSEWHERE. THAT'S A LITTLE BIT ABOUT TIFF'S AND DIFFS. I DID WANT TO SHARE ONE MORE SET OF EXAMPLES. YOU HAVE THE BENEFIT OF HAVING A CORDIA HERE TODAY. CORDIE IS GOING TO PRESENT SOME MATERIAL THAT WE WE LOOKED AT TOGETHER ON MONDAY IN PREPARATION FOR THIS HEARING THAT TALKS ABOUT THE SPECIFICS OF THE DORCHESTER BAY CITY SITE AND ITS DEVELOPMENT BUT TO HIGHLIGHT A FEW PLACES THAT DEATH HAS BEEN USED RECENTLY WORCESTER CITY SQUARE IF ANYONE'S VISITED MY TEAM HAS A WAY TO NOT TALK AS MUCH ABOUT WORCESTER AS I DO. BUT WORCESTER HAS BEEN MAKING A LOT OF IMPROVEMENTS IN ITS DOWNTOWN AND CITY SQUARE IS AN EXAMPLE OF IT. THEY USED TO FINANCE THAT QUINCY HAS USED IT RECENTLY IN QUINCY CENTER. I THINK MANY OF PROBABLY TAKEN OUR KIDS OR OTHER PEOPLE'S KIDS TO IT OR BOTH TO SOMERVILLE ASSEMBLY ROW TO SEE THE KIDS LIKE THE WAGGA OVER THERE BUT BUT MORE IMPORTANTLY THE ENTIRE DEVELOPMENT WAS FINANCED IN PART USING A DISTRICT IMPROVEMENT FINANCING. DOWNTOWN BROCKTON IS ALSO USED IT IN UNION SQUARE IS USING THIS INSTRUMENT SO OUR COMPETITORS ARE AND PARTNERS IN THE REGION ARE USING THIS INSTRUMENT IN PART BECAUSE IT HAS SPECIFIC FINANCIAL BENEFITS TO THEM. THEY MAY ALSO BENEFIT US BUT AGAIN THE RECENT HISTORY OF FINANCING LARGE INFRASTRUCTURE PROJECTS IN THE CITY HAS BEEN TO USE OUR GENERAL OBLIGATION BORROWING AND OUR TRIPLE-A CREDIT RATING AND WITH THAT INITIAL OFFERING I LOVE TO ASK IF THE CFO ASSESSOR WHOSE WORK I'VE BEEN SUMMARIZING HOPEFULLY ACCURATELY WOULD LIKE TO ADD SOME COMMENTS OR OR ADDITIONS TO WHAT HE SAID AND BEFORE YOU GUYS GO SO SO MOSTLY FOR INFRASTRUCTURE IMPROVEMENTS SO THAT THE DEAF AND SOMERVILLE YOU COULD SAY WENT TOWARDS ROADWAY'S SIDEWALK AND THAT SORT OF STUFF GOES TOWARDS ROADWAY SIDE. IT CAN ALSO BE USED TO FUND ASPECTS OF THE DEVELOPMENT. I MEAN IT'S A VERY FLEXIBLE RESOURCE, OK, BUT PRIMARILY FOR INFRASTRUCTURE. THE STATE'S BEEN THE STATE'S BEEN VERY SPECIFIC ABOUT THE DESIRE TO USE IT FOR PUBLIC INFRASTRUCTURE THAT SUPPORTS DEVELOPMENT. THERE'S SORT OF A BRIGHT LINE BETWEEN WHAT'S THE PUBLIC SECTOR AND WHAT'S THE PRIVATE SECTOR. AGAIN, THIS IS A THIS INSTRUMENT IS IS GREAT AND IT CAN BE USED TO GREAT EFFECT ALL AROUND THE CITY. THANK YOU. I DON'T KNOW WHO WANTS TO GO NEXT ASHLEY OR NICK. THANK YOU COUNCILORS. THANK YOU, ARTHUR. SO NOTHING I THINK ARE THERE REALLY CAPTURED IT REALLY WELL. I HAVE NOTHING BEYOND THAT TO ADD. I THINK AS WE'RE THINKING ABOUT DEVELOPMENT OPPORTUNITIES THROUGHOUT THE CITY IT IS AN INTERESTING TOOL TO HAVE IN OUR TOOLBOX. DIFFS ARE AN INTERESTING TOOL FOR US TO CONSIDER. AS WE WELL KNOW, THE CITY HAS HISTORICALLY LEVERAGED ITS JOB ON CAPACITY TO DO CAPITAL INVESTMENTS, INFRASTRUCTURE CAPACITY, INFRASTRUCTURE INVESTMENTS THROUGHOUT THE CITY. SO THIS WOULD BE A DIFFERENT TOOL FOR US TO EXPLORE IN THE RIGHT CIRCUMSTANCE. SO I THINK IT'S SOMETHING INTERESTING FOR US TO CONTINUE TO TALK ABOUT. I TEND TO THINK ABOUT WANTING TO MAKE SURE WE ARE NOT IDENTIFYING THAT WE ARE IDENTIFYING THE RIGHT FINANCING MECHANISM FOR THE RIGHT PROJECT . SO YOU KNOW, HAPPY TO CONTINUE THE CONVERSATION AS WE'RE TALKING ABOUT THE SPECIFIC PROJECT IN DORCHESTER OR IN ROXBURY TO SEE IF THERE'S AN APPROPRIATE NEXUS OR YOU KNOW, THE CHALLENGE WITH SOME OF THESE MECHANISMS IS THAT IT CAN AND DOES TAKE AWAY CAPACITY FROM THE REST OF THE CITY AND YOU KNOW, POLICYMAKERS CAN MAKE THE DECISION TO CARVE CAPACITY AWAY AND FOCUS IT IN ONE PARTICULAR AREA. BUT I THINK THAT IS WHY WE HAVE TRADITIONALLY PREFERRED TO VIEW THESE TYPES OF INVESTMENTS, YOU KNOW, AMONG CITYWIDE TRADE OFFS TO MAKE SURE WE'RE EVALUATING NEEDS ACROSS THE CITY AND GIVING OURSELVES THE FLEXIBILITY TO APPLY OUR PROPERTY TAX AND OUR BORROWING CAPACITY ACROSS THE CITY RATHER THAN CARVING IT OUT AND LOCKING IT UP FOR ONE PARTICULAR PART OF THE CITY. BUT AGAIN, IT'S AN INTERESTING TOOL THAT WE CAN EXPLORE AND HAVE IN OUR TOOLBOX IF THE RIGHT SOLUTION PRESENTS ITSELF. THANK YOU. GOOD MORNING. MY COLLEAGUES BOTH SO ELOQUENTLY DESCRIBED TO ALL OF THE PARAMETERS THAT I DON'T HAVE AN ENORMOUS AMOUNT TO ADD. I I THINK MAYBE I'LL JUST A COUPLE OF POINTS THERE JUST LIKE MINOR CLARIFICATION AND ALSO TO MAYBE MAKE A LITTLE EASIER TO UNDERSTAND THE ACRONYMS THAT ARE BEING THROWN AROUND AND SOME OF THE CONFUSION AND I THINK A QUESTION THAT YOU HAD INITIALLY COUNCILOR BAKER, ABOUT WHETHER WE'VE USED THIS TOOL BEFORE. SO AS ARTHUR WAS MENTIONING LOCALLY IN MASSACHUSETTS, THIS TOOL THAT WE HAVE IS CALLED A DIFF AND IT'S IN ESSENCE A BONDING TOOL IN A WAY FOR US TO TO GENERATE MONEY NATIONALLY. THERE ARE SIMILAR PROGRAMS IN OTHER STATES IN OTHER STATES CALL THAT PROGRAM ATIVE. AND SO A LOT OF TIMES IF PEOPLE ARE LOOKING UP INFORMATION ON THIS KIND OF PROGRAM, THEY'LL SEE STUFF REFERRING TO A TIFF IN MASSACHUSETTS WE HAVE A COMPLETELY DIFFERENT PROGRAM CALLED A TIFF THAT'S TAX INCREMENT FINANCING AND SO THAT IS IS BASICALLY A TOOL TO SET UP AN AGREEMENT WITH A DEVELOPER THAT'S GOING TO BRING JOBS, JOBS, RULES AND IT ALLOWS BASICALLY SOMEONE SAYS THEY'RE GOING TO INVEST A CERTAIN AMOUNT IN A PARTICULAR BUILDING A PROJECT AND THE CITY IS GOING TO GET INVESTMENT IN THAT PROJECT AND THEN ALSO A BUNCH JOBS FROM IT AND THEN WE CONSTRUCT AN AGREEMENT AROUND THAT THAT SAYS LIKE OK, WELL IF YOU DO A, B, C AND D THEN YOU CAN HAVE THIS DISCOUNT IN YOUR FUTURE TAX VALUE FOR SO THE TIF IS MORE OF A TAX A STRAIGHT UP TAX DEAL WHERE WE MAY GO EASY ON SOMEONE BUILDING SOMETHING ON THE FRONT END KNOWING THAT WE'LL RECOUP THE TAXES IN THE BACK AND WE'RE A DIFF IS MORE ABOUT THE IMPROVEMENTS THAT WE CAN ACTUALLY IMPROVE AREAS. YEAH. SO A TIFF WOULD BE MORE OF A BENEFIT FOR THE COMPANY. A DIFF WOULD POOR COMPANY OR BUILDER OR WHATEVER AND THEN THE DIFF WOULD CAN POTENTIALLY BE MORE OF A BROADER BENEFIT. YEAH AND YOU KNOW THE REASON BEHIND BOTH OF THEM IS TO TO HAVE A BENEFIT FOR THE CITY. RIGHT. AND SO BOTH OF THEM YOU'RE SUPPOSED TO ENTER INTO AND KIND OF A MEANS TESTED WAY OF YOU KNOW, THIS THING WOULD NOT HAPPEN BUT FOR THIS INVESTMENT BY THE CITY AND WILL MAKE THE CITY BETTER AS A RESULT. AND SO TIFF'S FOCUS ON JOBS AND YOU KNOW, IMPROVEMENT IN A PARTICULAR BUILDING ON A SMALLER SCALE AND A DIFF IS A WAY TO BORROW MONEY TO ADD INFRASTRUCTURE TO AN AREA THAT THIS MIGHT NOT OTHERWISE BE ABLE TO FUND AND THAT OTHERWISE MIGHT NOT BE ABLE TO FUND PART IS REALLY I THINK THE THE IMPORTANT POINT TO KIND OF HIT IN THIS CONVERSATION AND AS ASHLEY WAS MENTIONING, IT'S IT'S ALWAYS HEALTHY AND GOOD FOR US TO HAVE CONVERSATIONS ABOUT ALL THE AVAILABLE TOOLS SO WE KNOW WHAT'S OUT THERE AND WHAT WE CAN USE AND THEN WE CAN FIGURE OUT HOW TO USE THOSE IN THE BEST WAY POSSIBLE. BOSTON HAS THANKFULLY BEEN IN A REALLY GOOD PLACE IN ITS RECENT HISTORY THAT WE HAVEN'T HAD A NEED TO USE THIS TOOL IN ORDER TO BORROW MONEY AND WE'VE BEEN ABLE TO BORROW IT FOR INFRASTRUCTURE THROUGH OUR NORMAL BONDING CAPACITY. AND SO SOME OF THESE THINGS THAT THE CONVERSATION IS REALLY LIKE WHERE DO WE THINK THE CITY SHOULD BE MAKING INVESTMENTS AND IN WHAT AREAS SHOULD WE MAKE MONEY? WELL, FOR IDEAS, NICK, I THINK THAT'S A RHETORICAL QUESTION. YEAH, WE CAN WE CAN DEFINITELY HAVE LOTS OF CONVERSATIONS ABOUT THAT. I'M SURE. AND THEN ONCE WE IDENTIFY THOSE AREAS, HOW DO WE FUND THOSE INVESTMENTS? YEAH. AND SO THE DIF PART OF THAT CONVERSATION IS ABOUT THE FUNDING MECHANISM AND NOT ABOUT THE THE INVESTMENT MECHANISM. THANK YOU AND I JUST HAVE A COUPLE OF QUESTIONS AND I'M GOING TO TURN IT OVER TO ASHLEY . CAN YOU USE THE TERM G.O. BONDS ? IS THAT IS THAT DIFFERENT FROM A TRANSPORTATION BOND OR ANY OTHER TYPE OF BOND? IS THAT JUST YEAH. SO THOSE ARE GENERAL OBLIGATION BONDS. THAT'S HOW WE FUND THE CITY'S CAPITAL PLAN. SO THE CAPITAL IS ALL WE GO OUT AND GET BONDS PAID FOR IT AND THEN SLOWLY, SLOWLY BUY IT DOWN. AND ALSO I HAVE TO PUSH BACK A LITTLE BIT ON THE CITY NOT WELL THE CITY CAPTURING FOR ONE PARTICULAR AREA AND I'LL I'LL GO TO THE SECOND DOCKET NUMBER HERE FOR A SECOND. YOU'RE LOOKING AT AN AREA THAT THAT TRADITIONALLY WAS WE HEAR A LOT ABOUT WHEN NINETY FIVE WAS BLOCKED AND THE DEVASTATION THAT LEFT WHEN THEY CLEARED OUT CERTAIN NEIGHBORHOODS. WELL, THIS NEIGHBORHOOD HERE WITH NINETY THREE WAS NOT BLOCKED. SO WE HAVE NEIGHBORS NEIGHBORHOOD THAT YOU KNOW PEOPLE IN 1950 WE'RE WALKING OUT OF OUR BACK DOORS AND WALKING OVER THE WATER IN NINETEEN FIFTY THREE FIFTY FOUR WE NOW HAVE THE HIGHWAY ON TOP OF US. WE HAVE THE TRAIN TRACKS AND ADDITIONAL TRAIN TRACKS ON TOP OF US. SO I WOULD SAY FOR THE NEIGHBORHOOD IT'S BEING FOR LACK OF A BETTER TERM TRICKED OUT. WE SHOULD BE ABLE TO CAPTURE THAT AND KEEP THOSE DOLLARS IN THAT NEIGHBORHOOD AND JUST WE'RE NOT LOOKING FOR ALL OF IT. WE'RE LOOKING FOR A PERCENTAGE OF IT. I MEAN I HONESTLY WOULD RATHER INSTEAD OF GETTING INTO A LONG DRAWN OUT YOU KNOW, BORN THAT WILL BE CONTROLLED BY OTHER OTHER OTHER ENTITIES THAT'LL BE SPEND THE WAY THOSE ENTITIES WANT I'D MUCH PREFER 10 PERCENT EVERY YEAR GOING RIGHT INTO A DORCHESTER BASED YOU KNOW, FUND THAT THAT THAT COULD HELP US IN DORCHESTER WHATEVER WE WANTED TO DO IN DORCHESTER. BUT THAT'S PROBABLY NOT AN OPTION IF IT WAS AN OPTION. THAT'S WHAT I'D LIKE TO TO GO TOWARDS. BUT I THINK WE'RE LOOKING MORE AT A AT A BOND SORT OF A BOND SORT OF THING GO AND SAY WE WANT THE CITY OR THE STATE OR WHOEVER TO TAKE OUT A BOND IT MORE THAN TRANSPORTATION BECAUSE THE CITY DOESN'T WANT A LOT OF TRANSPORTATION IN IN THIS AREA OF WHERE I AM. BUT HOW DO WE DEFINE INFRASTRUCTURE? I THINK WE SHOULD START TO DEFINE INFRASTRUCTURE AS OUR PEOPLE. PEOPLE DON'T HAVE JOBS SO LET'S SPEND MONEY ON JOB TRAINING. PEOPLE ARE SUFFERING MENTAL HEALTH ISSUES OUR KIDS SO LET'S INVEST IN A FIELD HOUSE AND THEN WE CAN START TALKING ABOUT HOW WE CONNECT NEIGHBORHOODS ACROSS AND ALONG. SO THAT'S JUST A LITTLE BIT OF MY GOING ONS. SO I'M GOING TO WITH THAT I'D LIKE TO HEAR FROM THE GOOD COUNCILOR FROM DISTRICT SEVEN ON HER IDEAS AND YOU KNOW, IF WE CAN IF WE CAN FIGURE OUT BECAUSE ROXBURY HAS A LOT OF DEVELOPMENT GOING ON I THINK IT'S DOWN BY THE POLICE STATION ,HUGE AMOUNT. SO HOW DO WE CAPTURE THAT SAME SAME THING? HOW DO WE CAPTURE THAT REVENUE FOR WHAT WE'RE GOING TO BE DOING IN THE FUTURE? SO WITH THAT COUNCIL FERNANDES ANDERSON, THANK YOU. CHAIR. I THINK YOUR WE CAN ALL AGREE HERE THAT THE NEED IS THERE AND THIS IS A TOOL THAT IS IN PLACE FOR A REASON. RIGHT. A DIFFERENT WAY OF USING A SMALL INCREMENT TO MAKE CHANGES IN A DIFFERENT STRUCTURE THAT OTHERWISE IS NOT BEING IMPLEMENTED. SO WE COULD DO IT THROUGH BONDS OR WE COULD DO IT THROUGH TIFF'S OR WE COULD DO IT THROUGH THE GENERAL FUNDS AND THEN WHEN COMMUNITIES GET HISTORICALLY DISENFRANCHIZED OR HISTORICALLY IGNORED, THEN THERE ARE TOOLS LIKE US IN PLACE. THERE'S A REASON AND WE JUST SO HAPPEN TO BE FORTUNATE THAT IT'S ALREADY A THING IN THE STATE ON THE STATE LEVEL. SO I THINK I MEAN I KNOW THIS IS NOT A WORKING SESSION BUT I'M REALLY INTERESTED IN ASKING YOUR IDEAS EITHER CHIEF OR CHIEF IF YOU CAN GIVE ME SORT OF THE LAYOUT OF WHAT THE NEXT STEPS WOULD BE IN TERMS OF LOOKING AT LIKE POSSIBLE PROJECTS FOR MINE. I OF COURSE I LAID OUT VERY GENERAL IN TERMS OF THE DISINVESTMENT IN ROXBURY, THE NEED IN ROXBURY BUT ALSO JUST SORT OF LIKE THE OVERLAP BETWEEN THE JOBS AND THE LACK OF BUILDING EQUITY THROUGH BY WAY OF REAL ESTATE. AND SO WE WE CAN ALL AGREE I CAN GO ON AND ON AND ON ABOUT THE NUMBERS ROXBURY BEING THE POOREST SECOND IN THE LOWEST AMOUNT FOR HOMEOWNERSHIP IN BOSTON. NO ONE WITH THE HIGHEST MAKING LESS THAN FIFTEEN THOUSAND NO ONE MAKING SORRY I'M MAKING ABOUT FIFTEEN NO ONE MAKING LESS THAN ONE HUNDRED AND FIFTY THOUSAND. AND THEN WE KNOW THAT IF WE LOOK IN THE PAST 50 TO 70 YEARS, ROXBURY SPECIFICALLY IS HISTORICALLY THE MOST DISENFRANCHIZED COMMUNITY AND THEN WHEN YOU LOOK AT DORCHESTER TO THERE ARE POCKETS OF AREAS THAT COULD YOU COULD BENEFIT FROM SOMETHING LIKE THIS. AND BESIDES ASKING FOR AS THE CHAIR MENTIONED, WE'RE ASKING FOR A VERY SMALL PORTION. THE TOOL EXISTS FOR A REASON. AND SO THE IDEA THEN IS HOW DO WE COLLABORATE AGAIN AND WHAT DO YOU THINK IS THE BEST METHOD THE BEST WAY TO APPROACH THIS SO THAT WE CAN DO THIS COLLECTIVELY SO WITH YOU KNOW, THROUGH THE CHAIR TO COUNCIL TO TEN DIFFERENT DESIGNERS AND I APPRECIATE THE QUESTION. I THINK THE THE MAYBE A WAY OF THINKING ABOUT IT IS AND WE ARE THINKING ABOUT IT WOULD BE TO SAY IF IF THERE'S A PROJECT IN YOUR NEIGHBORHOOD THAT WOULD USE THIS COULD USE THIS INSTRUMENT AND YOU SAID 10 PERCENT OF THE TAX VALUE OF THIS IS EQUAL TO X AMOUNT OF MONEY. WE'D LIKE TO BORROW THAT AT AT AN INTEREST RATE AND THEN INVEST IT IN AND SQUARE OR P THREE OR ONE OF THE OTHER LARGE SCALE PROJECTS OR MAYBE EVEN ANOTHER PROJECT THAT IS GOING TO EMERGE. IT'S I THINK FRANKLY AND AND I ACTUALLY WOULD SAY HEY IF WE DO THIS WITH THE TIF WE HAVE A LOT MORE WARRIORS' AND WE'LL PROBABLY GET CHARGED NINE PERCENT INTEREST IF WE DO IT ON OUR GENERAL OBLIGATION BONDS WE'LL PROBABLY GET CHARGED FIVE PERCENT INTEREST WHEN WE RATHER PAY FOR MORE STUFF TO HAPPEN IN THE NEIGHBORHOOD THAN PAY FOR LAWYERS AND THE ADDITIONAL INTEREST COST. SO I THINK IN TERMS OF THE WAY TO THINK ABOUT THE THE BENEFIT OF OF USING GEO APPROACH VERSUS USING ONE OF THE OTHER INSTRUMENTS IS THERE'S AN INTEREST RATE BENEFIT, THERE'S AN INTEREST RATE BENEFIT THAT THE PRIMARY BENEFIT AND THE ONE GOOD THING ABOUT THOSE INSTRUMENTS IS IT BRINGS THE STATE TO THE TABLE AND SO I SHOULD MENTION THAT, YOU KNOW, IN MY DAY TO DAY WORK I HAD SOME PRETTY HIGH LEVEL CONVERSATIONS WITH THE COMMONWEALTH RECENTLY HIGHLIGHTED BOTH THE PRODUCTS WE'RE WORKING ON AND ROXBURY AS WELL AS AS WELL AS DORCHESTER BAY CITY AND I FEEL COMFORTABLE THAT WE'RE GOING TO BE ABLE TO GET THEM TO THE TABLE TO MAKE IT KIND OF INVESTMENTS THAT WE NEED THEM TO MAKE OVER THE NEXT SEVERAL YEARS. A LOT OF WORK TO BE DONE. BUT I THINK THE INTEREST AND PARTNERSHIP IS THERE SO I MAKE THAT POINT TO SAY THAT'S ONE OF THE GREAT THINGS ABOUT THE INSTRUMENT IS IT BRINGS THE STATE EXPLICITLY TO THE TABLE. BUT I DO THINK THAT YOU'LL GET BETTER VALUE FROM ASHLEY AND NICK IN TERMS OF INTEREST RATES AND CREDIT WORTHINESS AND IN THEY'LL BRING THE SAME PROBABLY AMOUNT OF MONEY TO THE TABLE THROUGH THE GENERAL OBLIGATION. SO TO STRAIGHT AT YOU'RE SAYING TO JUST A STRAIGHT UP CITY SAYS WE'RE GOING TO GET A HUNDRED MILLION DOLLAR HUNDRED MILLION DOLLAR BOND TO DO THIS, THIS AND THIS AND STAY AWAY FROM THE DIFF ALTOGETHER. I ACTUALLY WOULD PROPOSE SOMETHING SLIGHTLY SLIGHTLY DIFFERENT. I THINK YOU SHOULD PARDON ME NOT MY PLACE TO SAY THAT COULD BE MY SUGGESTION THAT IN BOTH OF THE CASES THAT YOU'RE SPEAKING ABOUT, DID YOU MAKE A SPECIAL REQUEST OF THE CAPITAL PLAN TO MAKE AN INVESTMENT AGAINST THE SCOPE OF WORK THAT I THINK DID TO THE AUDIENCE? BUT BUT OF COURSE HE IS GOING TO PROPOSE AND THEN COUNCILOR FERNANDES ANDERSON AS THE DEVELOPMENT IDEAS THAT YOU'RE TALKING ABOUT TAKE YOU KNOW, GROW TO FRUITION, I THINK BRINGING A PROPOSAL I WOULD LIKE THERE TO BE A CAPITAL INVESTMENT OF THIS AMOUNT IN THIS PART OF ROXBURY THAT WILL ALLOW THIS DEVELOPMENT TO OCCUR. I THINK THAT'S A WAY TO A WAY TO APPROACH IT AGAIN. YOU GUYS RUN THE CAPITAL PROGRAMS. I DON'T WANT TO SAY MORE ABOUT THE PROGRAM YOU CAN YOU TALK ABOUT THAT A LITTLE BIT BUT SURE. SO I THINK I THINK TO PIGGYBACK OFF OF WHAT ARTHUR WAS SAYING, I THINK WHAT'S REALLY IMPORTANT AS WE ADVANCE THIS DISCUSSION IS IDENTIFY WHAT EXACTLY IT IS WE ARE TRYING TO FUND WITH THIS MECHANISM OR THROUGH OUR CAPITAL PROGRAM IF THERE ARE INFRASTRUCTURE YOU KNOW, INVESTMENTS LIKE STREETS OR YOU KNOW, THE THINGS THAT THE CITY TYPICALLY INVESTS IN THAT ARE NEEDED IN THESE PARTICULAR AREAS, I THINK IT IS OUR OPINION THAT IT IS BEST PURSUED THROUGH OUR CAPITAL PROGRAM AND THROUGH OUR REGULAR JOE BOND BECAUSE WE HAVE A TERRIFIC THE TOP BOND RATING LOWEST COST OF CAPITAL FOR US SIMPLIST YOU KNOW DEVONS GREATER RESULTS IN INVESTING THROUGH OUR CAPITAL PROGRAM. SO I THINK IT REALLY MATTERS WHAT WE'RE LOOKING TO FUND AND THEN I THINK WHAT I'VE HEARD COUNCILOR ANDERSON TALK ABOUT IS ALSO SORT OF LIKE BEYOND THE INFRASTRUCTURE NEEDS OF A PARTICULAR AREA WANTING TO CAPTURE SOME BENEFIT FOR THINGS THAT AREN'T EXACTLY, YOU KNOW, HARD INFRASTRUCTURE, YOU KNOW, PROGRAMING OTHER THINGS THAT YOU WOULD LIKE TO SEE SORT OF REINVESTED BACK IN THAT COMMUNITY THAT'S WE CAN'T BOND FOR PROGRAMS OR PEOPLE OR THINGS LIKE THAT. WE CAN BOND FOR THE YOU KNOW, HARD HARD INFRASTRUCTURE. SO I THINK IT'S IT KIND OF DEPENDS ON WHAT IT IS WE'RE LOOKING TO DO AND THAT REALLY MATTERS AND HOW WE PURSUE YOU KNOW, WHAT TOOL YOU KNOW, SOME OF THE THINGS THAT AREN'T NECESSARILY INFRASTRUCTURE ARE GOING TO BE BEST PURSUED THROUGH OUR OPERATING BUDGET. RIGHT. AND AS WE'RE SEEING DEVELOP AND GROW PROPERTY TAX GROW OUR BUDGET GROWS. YOU KNOW, WE HAVE AN ABILITY CAN I JUST MAKE A POINT AND THEN WE'LL GO OVER TO WHERE LOOKING FOR SURETY RIGHT. YOU'RE TALKING ABOUT THINGS THAT IF IF YOU'RE TALKING ABOUT IN IN AS A DISTRICT SEVEN AND THREE YOU'RE TALKING ABOUT AN EIGHT YEAR COMMITMENT FROM US TO CHASE YOU GUYS AROUND TO MAKE SURE THAT YOU'RE SPENDING THE MONEY WITH THE WAY WE WANT IT. THAT ISN'T SOMETHING I CAN SPEAK FOR MYSELF. THAT ISN'T SOMETHING I'M GOING TO DO. I'M LOOKING TO COME UP WITH A PLAN MONEY COMING AND THIS IS WHAT WE'RE GOING TO SPEND IT ON AND WE'RE GOING TO PAY YOU BACK WITH WITH THE WITH THE TAX MONEY THAT'S COMING IN BECAUSE MY NEIGHBORHOOD IS BEING TRICKED OUT. WE WANT SOME BENEFIT FOR OTHERWISE WE DON'T WANT THE DEVELOPMENT SO WE'LL STAY THERE AND COME BACK TO COUNCILOR ANDERSON. THANK YOU. AND COUNCIL WE'RE RELATIVE THE VICE CHAIR OF THE COMMITTEE. THANK YOU, COUNCILOR . I CAN APPRECIATE YOUR YOUR ANGLE AND WHAT YOU'RE EXPLAINING WHAT'S FISCALLY RESPONSIBLE IN TERMS OF SAVING MONEY OR IN TERMS OF PRESERVING OUR RATINGS. HOWEVER, WHEN YOU LOOK AT HOW THE PRACTICES HAVE BEEN IMPLEMENTED THUS FAR IN TERMS OF WHO WAS PRIORITIZE AND AGAIN THESE CONVERSATIONS CAN GET STICKY BECAUSE THEN WHEN WE'RE TALKING ABOUT HISTORICALLY DISENFRANCHIZED COMMUNITIES, WE OF COURSE ARE NOT TALKING ABOUT THE PEOPLE SITTING AT THE TABLE. WE'RE TALKING ABOUT WHAT'S HAPPENED BEFORE WE GOT HERE. AND SO WITH THIS NEW ADMINISTRATION I THINK THAT OUR MAYOR WANTS TO DO THE RIGHT THING A VERY HARD TASK, A VERY DIFFICULT BALANCE TO CREATE FROM COMING ALL THE WAY FROM EXTREME POVERTY OR POVERTY TO BRINGING SOMETHING UP OR BUILDING QUALITY OF LIFE IN A COMMUNITY LIKE ROXBURY, DORCHESTER, MATTAPAN. IT'S GOING TO TAKE DECADES TO REPAIR. UNDERSTANDABLE, HOWEVER, BECAUSE WE DON'T NECESSARILY HAVE CERTAIN ADVANCES IN TERMS OF SPEEDING UP THE PROCESS WITH HOW CAPITALS CAPITAL PROJECTS ARE PRIORITIZED IN THESE COMMUNITIES. LAST YEAR WE SAW THAT ROXBURY GOT A LOT OF PARK IMPROVEMENT, STREET IMPROVEMENTS AND I FOR ONE OF COURSE APPRECIATE THAT THE SCHOOL IN SOUTH BOSTON GETTING A RENOVATION BRAND NEW SCHOOL BEAUTIFUL. AMAZING. BUT THEN WE SAW THAT MATTAPAN ONLY GOT LIKE FIFTY MILLION DOLLARS DASARI DISTRICT THREE AND DISTRICT FOUR ONLY GOT FIFTY FOUR MILLION DOLLARS. SO OF COURSE FOR ONE COMING IN NEW AND FIGURING OUT BUDGET AND UNDERSTANDING IT FOR THE FIRST TIME I IMMEDIATELY SAID THIS SET LOOKS LIKE AN OVERLAP FROM THE PREVIOUS YEARS. THIS IS NOT MAYORAL SAYING I DON'T WANT TO INVEST IN MATTAPAN OR ROXBURY. WE KNOW THAT THE BUDGET IS COMING BUT WE ALSO KNOW THAT IT'S NOT GOING TO BE MUCH DIFFERENT AGAIN BECAUSE IT TAKES TIME TO BE ABLE TO PROPEL THAT INTO THE FUTURE. WE THINK THIS IS A TOOL AND WE ALSO BELIEVE THAT THE PEOPLE IN ROXBURY AND MATTAPAN AND DORCHESTER IS WORTH AN ADDITIONAL FOUR PERCENT THAT BECAUSE THE CITY DOES SO WELL THAT THIS WOULD BE RESPONSIBLE . THE ARGUMENT MAY BE MAYBE IS NOT THE RIGHT TIME. LET'S GIVE IT SOME SOME TIME BEFORE WE DO THAT. BUT THIS IS EXACTLY THE RIGHT TIME RIGHT NOW WHEN THE CITY IS DOING SO WELL WHEN WE UNDERSTAND AND WE HAVE VERY PROGRESSIVE PEOPLE ON THE COUNCIL AND WE HAVE AMAZING PEOPLE IN THE ADMINISTRATION THAT BELIEVE IN THIS, THAT BELIEVE IN FIXING THE HARM, NOW'S THE TIME TO SEIZE THE MOMENT, USE TOOLS THAT WE HAVE AVAILABLE TO US IN ORDER TO MAKE SOME OF THESE REPAIRS AND YES, WE CAN'T BUILD OUT OR PLAN FOR PROGRAM PROGRAMATIC IDEAS IN CAPITAL. SO DIFFS OBVIOUSLY WOULD BE A GREAT IDEA, A GREAT TOOL TO USE . AND EVEN WHEN WE DO LOOK AT DIFFERENT PROJECTS THAT PROCESS TO ASKING FOR CAPITAL IS NOT ALWAYS VERY STREAMLINED BECAUSE IT IS ESSENTIALLY UP TO THE MAYOR. THE COUNCIL HAVE NO SAY SO HERE WE ARE IF WE CAN GET TO THE CONVERSATION ABOUT MOVING FORWARD WHAT THAT WOULD LOOK LIKE I THINK I'M DETERMINED CERTAINLY BECAUSE I FILED IT FIRST AND COUNCILOR BAKER HAD ALREADY HAD IT IN PLANNING. I'M I'M READY TO MOVE FORWARD WITH THE CONVERSATION ABOUT HOW DO WE ACTUALLY EXECUTE IT? WELL, THROUGH THE CHAIR TO COUNCILOR FERNANDES I GUESS I WOULD SAY ONE OF THE ONE OF THE DOWNSIDES OF IT IS AND I'M HAPPY TO SHARE WHAT THE NEXT STEPS WOULD BE. I THINK THIS IS PROBABLY PART OF IT. ONE OF THE DOWNSIDES OF IT IS THAT YOU DO END UP TAKING THE GROWTH OF THE CITY AND DIVIDING UP BY NEIGHBORHOOD AND THAT HAS A LOT OF RISKS ASSOCIATED WITH IT. IF WE BEGIN AND I KNOW RESPECTFULLY I UNDERSTAND COUNCILOR BAKER'S POINT OF CLARIFICATION THAT IF WE THAT IF WE DO THIS IN IN SILOS AND COMPARTMENTALIZE THESE PROJECTS THAT IT WOULD THERE'S A DOWNSIDE. WHAT ARE EXACTLY WHAT IS THE DOWNSIDE? THE DOWNSIDE IS THAT ROXBURY WOULD HAVE THE GROWTH THE ROXBURY HAS SOUTH BOSTON WE HAVE A GROWTH THAT SOUTH BOSTON HAS WEST ROXBURY WE HAVE THE GROWTH OF WEST ROXBURY HAS THAT'S THAT IT WOULD DIVIDE THE TAX BASE UP IN AND THE INCREMENTAL GROWTH THAT HAPPENS IN THAT DISTRICT WOULD ACCRUE TO THAT DISTRICT AND STAY IN THAT DISTRICT AND WOULDN'T GO OUTSIDE OF IT. THAT'S A RISK THAT DISTRICT IMPROVEMENT FINANCING DOESN'T THE CITY STILL HAVE NO RESPONSIBILITY TO BUILD EQUITY SO SOMEHOW IMPLEMENTING METRICS THAT MEASURES EXACTLY HOW TO BALANCE THAT OUT. FOR EXAMPLE, IF THERE'S AT LEAST TEN S AND I STAND HOW WE SET PRECEDENTS THEN MAKES AN EXAMPLE OF EVERYBODY IS GOING TO SAY I WANT ONE RIGHT. AND SO I HEAR YOU ON THAT BECAUSE THAT BIG POT THEN HAS TO BE SHARED FOR THE ENTIRE CITY. BUT THAT BIG POT SHOULD ALWAYS HAVE THE EQUITABLE BALANCE, RIGHT. SO FOR EXAMPLE, IF EVERY TOWN GOT A DIFF BUT BECAUSE ROXBURY HAS LESS DEVELOPMENT AND ED FLYNN'S THE PRESIDENT'S COUNCIL HAS A WHOLE BUNCH OF DEVELOPMENT BILLIONAIRES BUILDING THAT RIGHT. I MEAN I I'M ASSUMING BUT THESE BUILDINGS LOOK AMAZING WHEN I DRIVE BY AND SAY THAT THOSE MONEYS ARE MORE FOR THAT DISTRICT. YOU'RE SAYING THERE'S GOING TO BE SOME SORT OF DISPROPORTIONATE THERE LIKE HOW CAN ED FLINS GET MORE WE'LL GET MORE INVESTMENT THAN ROXBURY WOULD HAVING LESS DEVELOPMENT OR HAVING UNFORTUNATELY THAT IS ONE OF THE THINGS THAT THAT HAPPENS WHEN WE DIVIDE UP THE THE TAX BASE AND THE GROWTH IN THE TAX BREAKS OR MORE ACCURATELY A SIGNIFICANT PORTION OF THE GROWTH OF THE TAX BASE. THAT'S WHAT HAPPENS AND I I THINK THERE'S NO LINKAGE WORKS THOUGH IT HAS LIKE A RADIUS OF CATCHMENT AREA THAT CAN BE SPENT AND THEN IT GOES INTO WHEN IT GOES INTO THE NEIGHBORHOOD HOUSING TRUST AND WORKFORCE TRUST WHERE A PANEL OF PEOPLE APPOINTED TO REPRESENT THE WHOLE CITY MAKE AN ALLOCATION DECISION THAT'S I THINK THAT'S IMPORTANT JUST LIKE THE COUNCIL MAKES MAKES DECISIONS AND PARTICIPATES IN THE DISCRETION OF THE MAYOR THOUGH AND I MEAN I THINK I THINK MAYOR WAS FAIR. I THINK SHE'LL DO THE RIGHT THING. SAME WITH THE BONDS. I THINK SHE'S FAIR. I THINK THAT THE BIG BUCKET WOULD BE THE BONDS THE CAPITAL FOR HER TO THEN DISTRIBUTE EQUITABLY AND LOOKING AT YOU HAVE YOU HAVE YOU HAVE DEBTS. YOU HAVE A BIGGER DIFFS AND MAYBE THEN NOW I KNOW TO PRIORITIZE HERE. RIGHT BECAUSE THAT'S THE RESPONSIBILITY IS TO ENSURE THAT ALL CITIZENS INVOLVED BOSTON IS TREATED OR TAKEN CARE OF EQUITABLY. OF COURSE IT IS. BUT I THINK WHAT HAPPENS IS LET'S SAY THAT DORCHESTER BAY CITY IS APPROVED. IT DEVELOPS HUGE NEW STATE AND CITY REVENUES AND THOSE STATE AND CITY REVENUES ARE ARE STAYING IN THAT AREA NOW THAT BENEFIT MAY BENEFIT THAT AREA BUT IT'S NOT GOING TO BE NECESSARILY GOING TO BENEFIT A SIGNIFICANT AMOUNT OF GROWTH TO TO TO BENEFIT A SINGLE AREA. I DON'T WANT I DON'T WANT TO DO IN OUR CONVERSATION TODAY IS SOMETHING THAT I THINK EVEN IN THE WAY I'VE INTRODUCED THIS YEAH. IT WHERE ONE CITY WE MAKE ONE CITY DECISIONS TOGETHER WE HAVE THE WEALTH OF THE WHOLE CITY TO INVEST. I THINK TOGETHER THE COUNCIL AND THE AND THE THE EXECUTIVE BRANCH THERE'S DEFINITELY ENOUGH ROOM IN WHAT THE CITY GENERATES TO MAKE THAT KIND OF INVESTMENT THAT'S GOING TO MAKE ROXBURY EVEN BETTER. THE KIND OF INVESTMENTS I TAKE TO MAKE DORCHESTER BAY WORK AND ATTRACT STATE AND OTHER INVESTMENT TO BOTH AREAS. BUT I GUESS WHAT I'M TRYING TO ILLUSTRATE AND HOPEFULLY IT'S BEEN CLEAR IS THAT THERE ARE TRADEOFFS TO DIVIDING THE TAX THE GROWTH OF THE TAX BASE UP BECAUSE IT MEANS THAT SOME OF THOSE CONVERSATIONS ABOUT EQUITABLE GROWTH GET GET PUT ON RIGHT IN FRONT OF US AND IT CAN BE DIFFICULT. IT'S A IT'S A SORRY LAST COMMENT FOR THIS ROUND. IT'S A DIFFICULT IT'S A CHALLENGING CONVERSATION BECAUSE YOU CAN SAY THAT THERE ARE FUNDS GOING INTO ONE POT AND YOU KNOW THAT THE PERSON RESPONSIBLE THAT COLLECTIVELY WE WILL BE RESPONSIBLE ENOUGH TO WORK TOGETHER AND COME TO A CONSENSUS THAT IS ADVANTAGEOUS TO EVERYONE IN EQUITABLE SENSE. HOWEVER, WHAT WE SEE AS PROOF EVIDENCE IS THAT THAT IS JUST NOT THE CASE. AND SO TOOLS LIKE DEFS OR TIFF'S OR ALL THESE OTHER MAYBE ANOTHER ONE WILL BE LIKE KFS I DON'T KNOW IT'LL WELL WE'LL START MAKING UP A WHOLE BUNCH OF STUFF. IT'S LIKE OH BOY WE'RE GOING INTO THE RIGHT DIRECTION RIGHT . WE'RE DOING EQUITABLE THINGS. WE'RE DOING BEAUTIFUL THINGS. WE'RE RICH CITY. WE'RE GOING TO FIX IT. I WISH PEOPLE WOULD JUST STOP CREATING NEW STUFF STOP REINVENTING THE WHEEL. I I'M I'M A VERY PRAGMATIC PERSON OR AT LEAST I THINK TECHNICAL THINKER. HOWEVER MEANWHILE I THINK THERE'S ROOM FOR US TO DO THIS RESPONSIBLY AND REASONABLY AND SAY YEAH, YOU HAVE A REALLY GOOD POINT AND I WANT TO WORK WITH YOU TO MAKE SURE THAT THE BIG BUCKET IS DISTRIBUTED EQUITABLY. BUT THEN THIS TOOL HERE COULD HANDLE SOME OF THE THINGS THAT ARE MISSED OR TO CATCH UP BECAUSE THERE'S THAT OVERLAP RIGHT THEN THERE'S THE I THE POINT THAT NO COMMUNITY IS A COMMUNITY UNLESS IT'S ECONOMICALLY INTEGRATED. RIGHT. AND SO WHEN YOU LOOK AT COMMUNITIES LIKE ROXBURY ROCK, MATTAPAN OR DORCHESTER, IT'S NOT THAT WE'RE SOUTH BOSTON AND WILL PROJECT KIDS OR THAT WE ARE BLACK AND IN ROXBURY AND WE DON'T PULL OURSELVES BY THE BOOTSTRAPS RATHER THAT WE ARE NOT INTEGRATED. AND SO WHEN OR GOVERNMENTAL EYES WE ARE NOT ADVOCATING AND WE'RE NOT HEARD RIGHT. AND WE ARE WE HAVE IMMIGRANT POPULATIONS CONDENSED NOT AREAS WHO CANNOT VOTE OR BE INTEGRATED. WE ALSO HAVE A LOT OF AFFORDABLE HOUSING OR RESTRICTED HOUSING THAT CONCENTRATES POVERTY AND CERTAIN POCKETS OF THESE AREAS. SO THERE'S MIXED INCOME GOING AROUND AND WHEN WE LOOK AT IT ECONOMICALLY WE THE TAX IN OUR AREA IS WORKING THE SAME WAY IT'S THAT ROXBURY'S NOT INVESTED IN. SO WE CAN'T HAVE THAT CONVERSATION AS THOUGH WE CAN CONTINUE TO DO THE RIGHT THING BECAUSE WE'LL NEVER BE ABLE TO CATCH UP. IT'LL JUST TAKE WAY TOO LONG. SO I THINK THAT'S WHY I'M SAYING TO YOU PLEASE ALLOW BE OPEN ALLOW US TO TALK ABOUT THIS OF COURSE. AND I THINK THERE'S A WAY I THINK WE CAN DO IT. I DON'T THINK WE NEED TO BE EXTREME ABOUT I THINK WE CAN PILOT SMALL PORK PROJECTS AND FIGURE IT OUT. THANK YOU. WE'LL COME BACK TOMORROW. COUNCILOR MARY MURPHY. SO AS AT LARGE CITY COUNCILOR , I HAVE THAT LENS RIGHT IN THAT BALANCE THAT YOU HAVE TO ALWAYS JUGGLE BETWEEN, YOU KNOW, NEIGHBORHOODS AND DISTRICTS AND WE ARE A CITY OF NEIGHBORHOODS . OUR NEIGHBORHOODS MAKE UP OUR CITY. WE'RE NOT A CITY ALONE AND THEN NEIGHBORHOODS SEPARATE. RIGHT. SO THAT IS THE JOB I THINK ALSO OF THE WAY THE COUNCIL IS MADE UP WITH DISTRICT AND AT LARGE COUNCILORS TO REALLY HAVE THAT, YOU KNOW, LENS WHICH IS SO IMPORTANT. AND I WHEN YOU SAID CAPACITY WOULD BE TAKEN AWAY RIGHT. AND CARVED OUT AND I GET THAT YOUR JOBS ARE TO BE RISK AVERSE. RIGHT. YOU HAVE TO KEEP BONDS AND OUR MONEY AND OUR CITY. SO I DO APPRECIATE THAT. BUT YOU KNOW, WHEN WE BUILD A NEW POLICE STATION IN EAST BOSTON, WE HAVE A NEW HIGH SCHOOL IN FENWAY. WE'RE BREAKING GROUND FOR A NEW FIRE STATION AT MISSION MEETINGHOUSE HILL. THOSE ARE IN PARTICULAR NEIGHBORHOODS BUT THE WHOLE CITY BENEFITS RIGHT WHEN NEW RESTAURANTS AND BUSINESSES ARE INVESTING IN HIGH PARK. I LIVE IN DORCHESTER. I'M DRIVING DOWN RIVER STREET MORE RIGHT. I'M GOING INTO THOSE NEIGHBORHOODS SO I HAVE TO PUSH BACK A LITTLE ON THIS. IT WOULD ONLY BENEFIT CERTAIN NEIGHBORHOODS OR CERTAIN BUSINESSES BECAUSE WE ARE A CITY OF A WHOLE. SO IF YOU'RE PUTTING INVESTMENT IN KAZUKO CIRCLE WHICH IT MAY BE AN URBAN MYTH BUT IT'S LIKE THE BUSIEST BRODERIE IN THE COUNTRY LIKE SO MANY PEOPLE DRIVE THROUGH THAT NOT JUST DORCHESTER RESIDENTS, NOT JUST SOUTH BOSTON RESIDENTS. YOU KNOW, YOU SEE PEOPLE COMING HOME, YOU KNOW, GETTING ON THE EXPRESSWAY TO GO TO HYDE PARK LIKE ALL DIFFERENT NEIGHBORHOODS. SO I THINK WE HAVE TO ACKNOWLEDGE THAT WE ARE A CITY OF NEIGHBORHOODS AND THAT INVESTING IN THOSE WHO HAVE BEEN HISTORICALLY LEFT OUT AND LIKE COUNCILOR FERNANDES ANDERSON SAID AND I'M GOING TO PUSH BACK A LITTLE ON THAT THAT YOU KNOW, WE'RE GOING TO DO THE RIGHT THING BUT IN THE BUDGET HEARING LAST YEAR I HEARD YOU SAY A LOT THAT WE DIDN'T DO THE RIGHT THING. SO WHY ARE YOU SAYING THAT WE WILL IF WE DIDN'T WRITE IN, WILL WE? I DON'T KNOW. WE HAVEN'T SEEN THE BUDGET YET . SO THAT IDEA OF NOT USING THIS TOOL BUT THEN WE WOULD HAVE TO GET THE VOTES ON A COUNCIL OR WE'D HAVE TO USE POLITICAL POWER IF WE CAN COME TOGETHER AS A COUNCIL TO THEN AND IT'S PROBABLY TOO LATE TO HAVE THE MAYOR EVEN PUT IT IN THE CAPITAL BUDGET OR PUT IT IN THE OTHER THESE TYPES OF PROJECTS. SO IT IS A DIFFERENT TOOL THAT WE DO HAVE AND I DO APPRECIATE THAT WE'RE HAVING THIS CONVERSATION AND I JUST WANT TO JUST PUT THAT POINT OUT THERE THAT IT'S SO IMPORTANT TO NOT THINK THAT WE'RE SEPARATE EVEN THOUGH WE ARE DIFFERENT NEIGHBORHOODS. RIGHT. THAT WE ARE BETTER OFF ESPECIALLY WITH THE SCHOOLS INVESTING A WHOLE LOT OF MONEY IN THIS GREEN NEW DEAL. WE WILL BE BUILDING NEW SCHOOLS NOT IN EVERY NEIGHBORHOOD ONLY SOME WILL GET THEM BUT IT WILL BENEFIT THE WHOLE CITY WHEN WE PUT A NEW FIRE STATION OR A NEW POLICE STATION OR WE INVEST IN DEVELOPMENT IN DIFFERENT PARTS OF THE CITY, I DO BELIEVE WE ALL BENEFIT FROM THAT. SO WE HAVE TO USE THE TOOLS THAT WE HAVE AT OUR DISPOSAL AND NOT THINK OF IT AS WELL. YOU GOT IT. SO YOU DIDN'T THAT IF IT OVERALL BENEFITS THE CITY THEN I THINK WE'VE ALL BENEFITED FROM IT SO I JUST WANTED TO PUT THAT OUT THERE. THANK YOU. OK, WE'VE ALSO BEEN JOINED BY COUNCIL PRESIDENT ED FLYNN COUNCIL AROUND QUESTIONS. YES MADAM CHAIR. AND JUST SO YOU KNOW, WE'RE IN THE IN THE OVERALL SORT OF WHAT A DIFF IS AND HOW TO USE IT AND THEN WE'LL GET INTO A PARTICULAR IN THE NEXT CONVERSATION. SO OK, WE HAVE TO DAWKINS' AWESOME. THANK YOU. I'M VERY INTERESTED IN THIS CONVERSATION JUST BECAUSE AS YOU MAY OR MAY NOT KNOW DISTRICT FOR OVER LIKE THE LAST FIVE YEARS WHEN IT COMES TO THE CAPITAL PLAN HAD THE LEAST THE LEAST TAX DOLLARS ALLOCATED TO IT OF OVER FIVE YEARS AND THIS TOOL OR ANY TOOL THAT CAN HELP GET MORE PROGRAMING OR JUST INVESTMENTS INTO THE NEIGHBORHOOD OR INCREASE DOLLARS TO BUILD UP OUR PARKS, OUR OUR SCHOOLS ARE ARE JUST LIBRARIES IS SOMETHING THAT WE TRULY NEED FOR THE COMMUNITY AND FOR THE DISTRICT AND I'M NOT SURE HOW WE GET THERE, MIKE, IN TERMS OF LIKE CREATE AND RESPONSIBLE POLICY TO PUT AROUND A DEATH TO MAKE SURE THAT THE CORRECTIVE ACTION IS IS IS HAPPENING IN ORDER TO UPLIFT THESE COMMUNITIES THAT HAS BEEN UNDER INVESTED FOR MANY, MANY YEARS. BUT THIS IS SOMETHING THAT THAT IS EXTREMELY IMPORTANT TO ME AND SOMETHING THAT I FIGHT FOR IN EVERY CAPITAL BUDGET. SO IF WE IF WE CAN'T GET IN ON A CAPITAL BUDGET THEN I TRULY, TRULY BELIEVE THAT THIS IS SOMETHING THAT WE NEED TO START TO TAKE A DEEPER DOVE AND LOOK AT AND MAKE SURE THAT WE'RE DOING IT IN A RESPONSIBLE WAY TO MAKE SURE THAT WE'RE PROVIDING CORRECTIVE ACTIONS TO COMMUNITIES OF COLOR. SO JUST LOOKING FORWARD TO THE CONTINUED CONVERSATION AND I GUESS MY ONE QUESTION IS IF IF IT'S NOT A DEATH AND IT'S NOT A TEST, YOU KNOW, HOW DO WE REVITALIZE MATTAPAN SQUARE OR CODMAN SQUARE BECAUSE A LOT OF THE PLANS THAT I SEE COMING IN IT'S WE DON'T HAVE THE DOLLARS RIGHT IN ORDER TO EXECUTE THE PLAN. MATTAPAN LIKE THOSE THOSE PLANS NEED DOLLARS IN ORDER TO SUBSIDIZE THE AFFORDABLE HOUSING OR THE HOME OWNERSHIP AFFORDABLE HOME OWNERSHIP. SO IT'S LIKE IF WE'RE NOT USING THESE TOOLS AND WHAT ARE WE USING IN ORDER TO GET THE INVESTMENTS INTO THESE COMMUNITIES THROUGH THE CHAIR TO COUNCIL ? WELL, AND I'LL TRY TO ADDRESS SOME OF THE OTHER QUESTIONS AS WELL. SO I WANT TO MAKE SURE THAT I'M NOT REMEMBERING THIS PROCESS CORRECTLY. THE THE CAPITAL PLAN IS THE PLACE WHERE I THINK WE CAN MAKE SIGNIFICANT INVESTMENTS SUPPORT BY WAY OF EXAMPLE, THE MATTAPAN SQUARE PROPOSALS WE'VE MADE ALL THE PUBLIC INFRASTRUCTURE, THE ROADWAYS, THE SIDEWALKS OFTEN GETS PROJECT SPECIFIC DEVELOPMENT PROJECT THAT SORT OF GALVANIZES INTEREST IN IN MAKING THE THE KIND OF ACCOMPANYING INFRASTRUCTURE INVESTMENT. AND I'M REMINDED, FOR EXAMPLE, OF THE CROSSTOWN PROJECT WHICH AT THAT TIME REALLY GALVANIZED THE COMMUNITY TO MAKE AN INVESTMENT IN A KEY INTERSECTION. I KNOW THAT THERE'S A PROTESTER TODAY THERE'S SIGNIFICANT OPPORTUNITY IN MATTAPAN SQUARE IS SIGNIFICANT OPPORTUNITIES AND P3 AND IN A NUBIAN AND THE KEY QUESTION IS CAN WE MAKE A CAPITAL INVESTMENT USING GEO FUNDED ACTIVITIES THROUGH THE CAPITAL PLAN? I'M NOT I GUESS I WOULD SORT OF DEFER TO MY COLLEAGUES HERE WITH A QUESTION MAYBE TO THE BENEFIT OF THE WHOLE DISCUSSION THE WAY THAT COUNCILORS MAKE THEIR INPUT ABOUT WHAT SHOULD BE IN THE CAPITAL PLAN IS IS CRUCIAL ADVOCATING ON BEHALF OF YOUR NEIGHBORHOODS OR IN YOUR CASE COUNCILOR MURPHY, ON BEHALF OF THE SORT OF CITY TO SAY THIS PROJECT NEEDS AN ACCOMPANYING GEO INVESTMENT FOR IT TO BE EXECUTED. I GUESS WHAT I'M HEARING SOUNDS LIKE A PART I WOULD LIKE TO MAKE SURE EVERYBODY IN THE PUBLIC KNOWS WHAT THE PROCESS IS SO THAT WE CAN UNDERSTAND THAT BECAUSE IF YOU'RE FEELING LIKE PROJECTS IN YOUR NEIGHBORHOODS THAT NEED GEO SUPPORT GEO CAPITAL INVESTMENT SUPPORT TO HAPPEN, WE NEED WE NEED TO TALK ABOUT THAT. I THINK CERTAINLY THE PROJECTS WE'RE TALKING ABOUT AT LEAST THE ONE ONE OF THE ONES THAT WILL BE TALKED ABOUT IN THE NEXT SECTION WOULD NEED ITS CAPITAL INVESTMENT IN A IN EITHER THE FISCAL YEAR FOLLOWING THIS ONE OR THE ONE FOLLOWING THAT. BUT WHAT IS THE PROCESS THROUGH WHICH COUNCILORS REQUEST CAPITAL INVESTMENT IN THEIR NEIGHBORHOOD? YEAH, I THINGS CHANGE. EMISON SO WE'VE MET WITH ALL OF YOU OVER THE LAST SEVERAL MONTHS TO HEAR BUDGET PRIORITIES AND THAT CAN REALLY RUN THE GAMUT OF THINGS YOU WANT TO SEE HAPPENING IN THE OPERATING BUDGET OR THINGS YOU KNOW, PARTICULAR CAPITAL PROJECTS THAT YOU ALL HAVE IN YOUR DISTRICT THAT YOU WANT TO UPLIFT. WE ALSO WORK REALLY CLOSELY WITH ALL OF THE CITY DEPARTMENTS WHO ARE IMPLEMENTING THESE PROJECTS. THEY BRING THOSE FORWARD IN THE FORM OF CAPITAL REQUESTS AND SO WE REALLY SPEND THE FIRST COUPLE OF MONTHS OF THE CALENDAR YEAR GETTING INPUT FROM AND REQUESTS FROM DEPARTMENTS HEARING FROM THE COUNCILORS AND HEARING FROM, YOU KNOW, OTHER STAKEHOLDERS ACROSS THE CITY ABOUT THE THE NEEDS IN THE PLAN. WE DO A FIVE YEAR PLAN. YOU KNOW, THERE'S OBVIOUSLY IN ADDITION TO FINANCIAL CONSTRAINTS ON THE PLAN, THERE'S HUMAN CAPACITY CONSTRAINTS AND HOW MUCH WE AS A CITY CAN ACTUALLY DO ANY PARTICULAR YEAR SO ARE BALANCING THOSE NEEDS AGAINST THOSE BOTH FINANCIAL AND HUMAN CAPACITY CONSTRAINTS AS WE'RE BUILDING AND DECIDING WHAT WE WILL BORROW FOR IN THE UPCOMING YEAR AND WHAT WE PLAN TO BORROW FOR OVER THE COURSE OF THE FIVE YEARS. SO MAYBE A LITTLE BIT MORE THAN YOU WERE ASKING BUT REALLY WE WE REALLY LIKE TO HEAR FROM YOU ALL AS WE'RE SOLICITING BUDGET PRIORITIES AND DEPARTMENTS AND OTHER STAKEHOLDERS AS WE'RE BUILDING THE PLAN. I HAVE ANOTHER QUESTION. YEAH. AND I GUESS TO SPEAK TO BECAUSE I WANT TO SEE THE BDA PLAN MET MATTAPAN IT STILL WOULD TAX WAS MORE INVESTMENT IN ORDER FOR THE PLAN TO BE EXECUTED LIKE YOU NEED MORE SUBSIDIES IN ORDER TO GET THE AFFORDABLE HOUSING AND I HEAR FROM THE COMMUNITY THAT WE NEED MORE HOME OWNERSHIP BUT THEN I HEAR FROM THE DEVELOPERS THAT THEY ONLY DO RENTALS. RIGHT? SO IT'S LIKE HOW WHAT ARE WE USING? WHAT INVESTMENTS ARE WE USING OR PROVIDING TO DEVELOPERS IN ORDER TO GIVE TO THE COMMUNITY? WHAT THEY'RE ASKING FOR IS A DIFFERENT TEST. ONE OF THOSE TOOLS THAT CAN BE USED TO HELP BRING THE TYPE OF HOME OWNERSHIP OR HOUSING NEEDS THAT THAT THAT WE'RE LOOKING FOR AS A AS A DISTRICT THE CAPITAL G.O. CAPITAL OR DEFLECTIVE MONEY ARE BASICALLY THE SAME. THEY HAVE TO BE THEY HAVE THEY'RE DRIVEN BY NEW TAX REVENUES. SO IF THE NEW TAX REVENUES COME FROM AND WE'RE GOING TO HAVE A THOUSAND NEW RESIDENTS OF MATTAPAN AND THOSE RESIDENTS ARE ALL GOING TO PAY YOU KNOW, PAY NEW PAY NEW TAXES TO THE CITY, PAY NEW TAXES TO THE STATE, CAPTURING THAT AND THEN INVEST I MEAN JUST TO EXPLAIN HOW I THINK YOU KNOW AS WELL AS I DO HOW IT FUNCTIONS TAKING THOSE REVENUES AND INVESTING THEM IN A DEVELOPER'S PROPOSAL TO DEVELOP TO DEVELOP HOUSING FOR SALE HOUSING THAT'S ABSOLUTELY INELIGIBLE USE OF THE FUNDS AS I THINK I WAS SAYING BEFORE YOU ARRIVED, YOU CAN THE DIFFERENCE IS GEO DEBT IS LESS EXPENSIVE AND THIS LESS TRANSACTION COSTS THAN ONE OF THE ONE OF THE OTHER THINGS. BUT THE KEY THING IS AROUND DOING IT AROUND SUPPORTING AN INDIVIDUAL PROJECT IS THE THE KEY IS THE KEY TO IT CAN CERTAINLY BE USED TO SUPPORT THOSE FUNDS AND CERTAINLY BE USED TO SUPPORT THE ALL THE PUBLIC INFRASTRUCTURE THAT MIGHT SUPPORT A FOR SALE AFFORDABLE DEVELOPMENT IN MATTAPAN AS IT COULD BE IN ROXBURY OR ANY OTHER PART OF THE CITY. WE ARE WITH YOU 100 PERCENT THE NEED TO PIVOT TO MORE HOME OWNERSHIP SPECIFICALLY AFFORDABLE HOME OWNERSHIP TO MANY TOO MANY PEOPLE HAVE BEEN LOCKED OUT OF THE ABILITY TO GET THE THE THE WEALTH CREATION THAT COMES FROM HOMEOWNERSHIP. AND SO I HOPEFULLY YOU'RE SEEING MY COLLEAGUE SHEILA DILLON, CHIEF OF HOUSING AND OTHERS PIVOT OUR FOCUS TO AFFORDABLE HOMEOWNERSHIP BECAUSE IT'S ESSENTIAL BUT THEY'RE CERTAINLY GOING TO BE DEVELOPMENTS THAT CAN THEY CAN DO IT. THE KEY THING I THINK WE HAVE TO DO IS WHETHER IT'S THROUGH THE CAPITAL PLAN OR THROUGH DEATH OR IQ SAY TO THE DEVELOPMENT INTEREST WE HAVE RESOURCES, WE'RE READY TO PUT ON THE TABLE TO GET THINGS TO HAPPEN BECAUSE BECAUSE AGAIN PROJECT GALVANIZED NEIGHBORHOODS AND COMMUNITIES TO EXECUTE AND AND HAVING PROJECTS COME FORWARD IS IS REALLY CRUCIAL TO MAKING MAKING THE ARGUMENT OK, THANK YOU. SO YES I FIRSTLY I THINK TO COUNCILOR MURPHY'S THANK YOU CHAIR TO COUNCILOR MURPHY'S POINT SO SO I I WANT TO GO ON RECORD TO MAKE SURE THAT I'M CONSISTENT ACROSS THE BOARD IN TERMS OF MY MESSAGE I BELIEVE THAT WE HAVE A GOOD MAYOR WHO HAS GOOD INTENTIONS, WHO IS PERFECTLY COMPETENT AND CAPABLE OF EXECUTING AN EQUITABLE BUDGET. I ALSO BELIEVE THAT IT'S A HARD TASK AND I AM NOT QUALIFIED TO JUDGE HER BECAUSE I'M NOT IN HER SHOES TO BE ABLE TO SAY YOU CAN DO YOU CAN'T YOU SHOULDN'T YOU DOING THIS IS WHAT YOU FEEL IN YOUR HEART. WHAT I WILL SAY IS THAT WHAT WE SEE PRESENTLY IT'S YEARS OF HISTORIC HARM AND THAT WILL TAKE YEARS TO FIX AND SO IN ORDER TO PROPEL, YOU KNOW, PRACTICES THAT I THINK ARE EQUITY PROVEN OR BEST PRACTICES, YOU HAVE TO BE ABLE TO BEGIN AND I THINK WE HAVE TO ADD TOOLS SUCH AS THIS COMMUNITIES LIKE ROXBURY GETS LOST IN THE FIVE YEAR PLAN BECAUSE WE'RE WAITING FOR CAPITAL PLAN TO IMPLEMENT ITSELF. AND WHEN YOU LOOK AT THE BUDGET SPECIFICALLY COMMUNITIES OF COLOR HAVE NOT BEEN INVESTED INTENTIONALLY INTO CAPITAL PLANS. WHAT I MEAN BY THAT IS THAT WHEN YOU LOOK AT CAPITAL PLANS HISTORICALLY AT LEAST EVEN LAST YEAR AS WELL, WHEN YOU LOOK AT THE FUNDS WHERE THE MONEY'S COMING FROM, THEY WEREN'T JUST DIRECT CITY DOLLARS. THEY WERE BONDS. THEY WERE GRANTS. THEY WERE MONIES THAT WERE GOING TO TAKE FIVE TO 10 YEARS TO GET IN. SO IN ROXBURY, FOR EXAMPLE, IN AFFLUENT COMMUNITIES THE DOLLARS WERE COMING DIRECTLY FROM THE CITY SO MORE ACCESSIBLE QUICKER TO ACCESS AND 70 PERCENT UP TO 70 PERCENT MORE SOME SOME AREAS I SAW EVEN 80 PERCENT COMING FROM CITY DOLLARS WHEREAS IN ROXBURY FOR EXAMPLE, 30 PERCENT WAS OF IT OR 40 PERCENT WOULD COME FROM CITY DOLLARS AND SO THAT'S THE INTENTIONALITY WHEN WE LOOK AT WHAT WE'RE PRIORITIZING YOU CAN WRITE UP A GOOD BEAUTIFUL PLAN AND THEN IT TAKES 10 YEARS BUT IT TAKES FENWAY TWO YEARS A YEAR TO ACCESS THE MONEY. THAT'S THAT'S A HUGE THAT'S A HUGE DISPARITY. AND SO WHETHER INTENTIONAL OR NOT, WHETHER WE'RE PAYING ATTENTION TO HOW WE'RE DOING THAT AGAIN IT'S A CONVERSATION THAT WE HAVE TO HAVE ONE WE HAVE TO HAVE TRANSPARENTLY THERE FOR EXAMPLE, PRESERVATION COMMUNITY PRESERVATION ACT HAS COMMITTEES THAT OVERSEES A PLAN AND THEN THEY TACKLE SPECIFICALLY PRESERVING HISTORICAL OR CULTURAL LANDMARKS IN AREAS. WHEN YOU DO THAT, WHO ARE YOU DOING IT FOR THEN YOU HAVE COMMUNITIES OR AFFLUENT PEOPLE THAT GENTRIFY AND COME IN ROXBURY AS WELL. LOVE HIGHLAND PARK, LOVE MY CONSTITUENTS. HOWEVER, WHEN YOU HAVE PEOPLE THAT ARE AGAIN ECONOMICALLY INTEGRATED THEY CAN BETTER ORGANIZE AND HAVE MORE RESOURCES THEY CAN ADVOCATE THEN THEY CAN DO THINGS LIKE UNOFFICIAL MORATORIUM'S A PAUSE, THEY CAN COMMUNITY RESERVE, THEY CAN GET DESIGNATION FOR LANDMARK AND THEN THEY CAN GET THE FUNDS TO REPAIR THE VERY COMMUNITIES THAT BELONG TO BLACK AND BROWN PEOPLE OR POOR PEOPLE POOR WHITES TO NOW WHO ARE THEY DOING IT FOR? FOR THEMSELVES BECAUSE NOW THEY ARE IN THE COMMUNITY. SO YOU SEE THIS LEVEL OF WE CAN REPAIR HERE, WE CAN DO CAPITAL HERE AND WE CAN WE CAN YOU CAN ASK IN THE BUDGET. SO TO RESPOND TO YOUR COMMENT WE CAN YOU CAN ASK IN THE BUDGET. SO TO RESPOND TO YOUR COMMENT ACTUALLY RESPECTFULLY I THINK THAT THAT IS WHAT YOU GUYS WANT TO DO WHETHER OR NOT IT'S IMPACTFUL. RIGHT. INTENTION VERSUS IMPACT. HOW ARE WE ACTUALLY GETTING THE CAPITAL ASKS IN THE BUDGET THE RESPONSE SOMETIMES IS WELL HOW WILL YOU DO IT TO THE COUNSELOR AND DO YOU HAVE A PLAN? DO YOU HAVE THE DEVELOPER? DO YOU HAVE THE ARCHITECTS? DO YOU HAVE SOMEONE WHO WANTS TO TAKE THIS ON AND SUSTAIN IT IN THE FUTURE OR MANAGE IT? FOR EXAMPLE, IF I ASK FOR THEATER IN ROXBURY OH WELL WHO'S GOING TO MANAGE IT? WELL, ISN'T THAT VICTIM BLAMING TO AN EXTINCT EYE THE POOR REPRESENTATIVE FROM ROXBURY ASKING FOR THING TO BUILD QUALITY OF LIFE IN ROXBURY TO THE ADMINISTRATION FOR CAPITAL IMPROVEMENTS? THE RESPONSES THAT MY COLLEAGUES AND MYSELF MOST OF THE TIME GET IN LAST YEAR IF YOU LOOK AT THE CAPITAL I DID NOT GET A SINGLE THING IN THAT CAPITAL PROJECT DID I ASK FOR A WHOLE BUNCH OF THINGS? OF COURSE I DID. SO THEN WE GET INTO IF I'M NOT READY IF I DON'T HAVE THE RESOURCES I'M A COUNCILOR WITH NO BUDGET, NO DISCRETIONARY FUNDS TO DO MY JOB AND THEN I SIMPLY ASK AT THE MERCY OF THE ADMINISTRATION AGAIN I BELIEVE THAT THE MISSION WAS TO DO THE RIGHT THING. THEN YOU TELL ME I NEED A STUDY I NEED I NEED I NEED TO GO GRAB PEOPLE AND CANCEL AND ORGANIZE. THAT'S TIME. THAT'S RESOURCE AND I HAVE BEEN DOING THAT SO I LOOK FORWARD AND I WANT TO SEE WHAT MY CAPITAL ASKS TURNING TO THIS YEAR. BUT RESPECTFULLY AGAIN IT'S A PROCESS SORRY CHAIR FOR TAKING SO LONG AND EXPLAINING THAT ONE POINT BUT IT'S A PROCESS AND IT DOES NOT TURN OUT IN THE WAY THAT WE WANTED TO. WE DON'T GET OUR ASKS SO HERE WE ARE AND WE CAN COME BACK. THANK YOU ALSO WHEN. THANK YOU. THANK YOU MR CHAIR. AND THANK YOU TO THE SPONSORS TO COUNCILOR FERNANDES ANDERSON INTO INTO COUNCIL OF INTO COUNCILOR BAKER AS WELL AND I KNOW BOTH OF THESE WOULD BE IMPACTING YOUR DISTRICTS AS AS DISTRICT CITY COUNCILS. SO JUST WANT TO ACKNOWLEDGE THE IMPORTANT WORK THAT COUNCIL FERNANDES ANDERSON IS DOING IN AND COUNCILOR BAKER AS WELL. SO I KNOW THE FIRST PART OF THIS MEETING IS IS BASICALLY DISCUSSING WHAT IT DIFFERS AND THEN THE SECOND PART WE'RE GOING TO ASK MORE SPECIFIC QUESTIONS SO SO I WANT TO HIGHLIGHT AND DISCUSS, YOU KNOW, THE IMPORTANCE OF THE DIFF AND WHETHER IT'S IN THE ROXBURY AREA OR IT'S IN THE THE DORCHESTER AREA. BUT CHIEF, LET ME ASK YOU THIS QUESTION. HOW IMPORTANT IS IT TO HAVE STATE OFFICIALS, THE STATE GOVERNMENT AND RESIDENTS INVOLVED IN THE PROCESS INVOLVED IN THE DISCUSSION, INVOLVED IN THE DECISION MAKING? WHAT IMPACT DOES THE STATE GOVERNMENT RESIDENTS PLAY WORKING CLOSELY WITH WITH DISTRICT CITY COUNCILS THROUGH THE CHAIR TO COUNCIL PRESIDENT WHEN SO OBVIOUSLY THEY'RE BOTH REALLY IMPORTANT CITIZENS AND COUNCILORS WHO REPRESENT THEM SHAPE THE THE THINGS WE DO. BUT THE STATE COMMONWEALTH OF MASSACHUSETTS HAS THE THE CHANCE TO DO A SERIES OF PROGRAMS TO REALLY INCREASE THE VALUE OF THE INVESTMENTS WE THAT'S ONE OF THE REASONS THAT THE IQ PROGRAM, FOR EXAMPLE, IS VERY VALUABLE IN THAT THE COMMONWEALTH WILL JOIN WITH THE CITY IN THE CITY'S CREDIT AND THE DEVELOPERS CREDIT TO CREDIT ENHANCE THE WHOLE PROJECT SO THAT'S A WAY THAT THE IS IMPORTANT. I THINK AGAIN IT'S EASY FOR ME TO THINK ABOUT SOME OF THE EXAMPLES THAT ARE HERE. THEY COULD FINANCE THE ROADS, THEY COULD FINANCE THE CHANGES TO THE PUBLIC WAY OR RAIL STATIONS. ALL THOSE KINDS OF THINGS CAN COME OUT OF THE COMBINATION OF STATE AND CITY INVESTMENT. BUT AGAIN, CITIZENS ARE CRUCIAL TO SHAPING THE WAY THE DEVELOPMENT WORKS IF THEY SHOULD BE TALLER OR SHOULD BE WIDER OR SMALLER OR ANY OF THOSE OTHER FEATURES AND THEN THEY SPEAK THROUGH YOU AS YOU ENGAGE WITH THE BPA AND ENGAGE WITH THE CITY BUDGET PROCESS. THANK YOU, CHIEF AND JUST WANT TO ACKNOWLEDGE THAT, YOU KNOW, BOTH BOTH COUNCIL FERNANDES ANDERSON, HER DISTRICT AND COUNCILOR BAKER'S DISTRICT BORDER ON MY DISTRICT SO I KNOW HOW INVALID THESE COLLEAGUES ARE IN THIS DISCUSSION AND I KNOW THAT THE WELL RESPECTED IN THERE IN THEIR DISTRICT I GUESS I GUESS MY POINT IS IT'S IMPORTANT THAT THE DISTRICT COUNCILORS HAVE A PROMINENT ROLE IN A PROMINENT NOT JUST A PROMINENT ROLE BUT A DECISION MAKING ROLE ON ONE MAJOR DECISIONS THAT TAKE PLACE WHETHER WHETHER THOSE DECISIONS ARE IN ROXBURY CITY COUNCILOR FERNANDES ANDERSON SHOULD BE SHOULD BE THERE AND THEN CERTAINLY IN DORCHESTER COUNCILOR BAKER SHOULD BE SHOULD BE THERE AS WELL. SO IS THAT WHAT YOU ENVISION ALSO CHIEF? ABSOLUTELY. ABSOLUTELY. I THINK WE WE WORK HARD TO MAKE SURE THAT WE DO THAT. I KNOW WE DON'T DO IT. WE DON'T ALWAYS DO AS WELL AS WE LIKE TO. BUT THAT'S CERTAINLY OUR GOAL. AND I THINK IN STRUCTURING ANYTHING THAT'S GOING TO INVEST SIGNIFICANT MONEY INTO A MAJOR PROJECT IN PARTS OF DORCHESTER OR ROXBURY OR OR CITYWIDE WE STRIVE TO HAVE COMMUNITY VOICES IN THEIR IN ER AND IN THE END A DECISION MAKING ROLE OK, THE ONLY REASON I ASK BECAUSE I THINK I THINK THAT'S A CRITICAL PART THE ROLE OF THE DISTRICT COUNCIL ESPECIALLY AS IT RELATES TO ECONOMIC DEVELOPMENT, TRANSPORTATION QUALITY LIFE ISSUES, NEIGHBORHOOD SERVICES, TRANSPORTATION ISSUES CERTAINLY PPTA PLAYS A ROLE BUT SO DOESN'T THE CITY OF BOSTON TRANSPORTATION DEPARTMENT AS A DISTRICT CITY COUNCIL AT TIMES HAVING A DIFFICULT TIME WORKING WITH PLANNERS, CITY PLANNERS TO DECIDE WHAT THEY THINK IS BEST FOR TRANSPORTATION IN MY DISTRICT EVEN AT THE EXPENSE OF ECONOMIC DEVELOPMENT, EVEN AT THE EXPENSE OF SUPPORTING OUR SMALL BUSINESSES THAT PLAY A CRITICAL ROLE IN OUR CITY. REALLY THE BACKBONE OF OUR CITY IS THESE SMALL BUSINESSES IN THE BUSINESSES THEY PAY HUGE TAXES TO BOSTON AND THEY SHOULD ALSO BE AT THE DECISION MAKING TABLE AND NOT NOT BEING NOT TO BE TOLD WHAT THE DECISION IS BY CERTAIN CITY PLANNERS WHAT WHAT THAT PERSON THINKS IS BEST. IT'S ABOUT MOVING THE ECONOMY. IT'S ABOUT WORKING TOGETHER. IT'S ABOUT LISTENING DISTRICT CITY COUNCIL AS I I JUST I JUST WANT TO MAKE SURE WE STRESS THAT AND UNDERSTAND THE IMPORTANCE OF THE THE THE DISTRICT CITY COUNCIL IS THE BUSINESS COMMUNITY BUT ALSO LISTENING TO THE COMMUNITY AS WELL MAKING SURE THAT THEY THAT THE CITY PLANNERS HEAR THEIR FEEDBACK THROUGH THE COUNCIL WHEN I'M COUNCIL PRESIDENT I'M VERY AWARE OF THE ISSUE YOU'RE SPEAKING ABOUT GENERALLY AND ALSO SPECIFICALLY AND I THINK WE'VE WE'VE TAKEN AN ACTION AT THE BOARD RECENTLY TO TO MAKE SURE THAT THERE'S ENOUGH TIME FOR THE THE THE SPECIFIC MATTERS YOU'RE CONCERNED ABOUT TO BE FOR THERE TO BE A FULL BRIEFING ON THEM TO YOU AND OTHER MEMBERS OF THE DELEGATION . SO I THINK I I KNOW THAT A CONSENSUS WAS REACHED ABOUT A PILOT AND WE ARE A PILOT PROGRAM I SHOULD SAY A PILOT CAN AND A LOT OF DIFFERENT THINGS IN THIS AT THIS TABLE. AND SO WE'RE I'M EAGER TO SIT DOWN WITH YOU AND OTHER MEMBERS OF THE DELEGATION TO SORT OF TALK ABOUT IT. BUT I THINK WE'VE DEFINITELY HEARD YOU AND OTHER MEMBERS CONCERNS. THANK YOU, CHIEF. AND I AND I RESPECT THE WORK I DO IN CHIEF. I RESPECT THE WORK YOUR TEAM IS DOING ON THE TRANSPORTATION TEAM. I JUST WANT TO MAKE SURE THAT EVERYBODY IN CITY GOVERNMENT KNOWS HOW IMPORTANT A DISTRICT CITY COUNCILOR IS TO ANY PROCESS, WHETHER IT'S DEVELOPMENT, TRANSPORTATION, QUALITY OF LIFE, PUBLIC SAFETY, A DISTRICT CITY COUNCILOR HAS HAS TO BE ALWAYS AT THAT DECISION TABLE. NOTHING AGAINST MY LARGE COUNCILORS. I'VE I HAVE RESPECT FOR ALL FOUR OF THEM. BUT AS DISTRICT CITY COUNCILORS, YOU KNOW, WE DON'T PASS WE CAN'T PASS THE BUCK. WE'RE RESPONSIBLE FOR THE GOOD AND THE BAD ALONG WITH THE MAYOR. THAT'S WHY I'M STRESSING HIS POINT AND I AND I DON'T MEAN TO JUST KEEP ON TALKING ABOUT IT, BUT I I JUST WANT TO MAKE SURE MY POINT WAS CLEAR. BUT THANK YOU MR CHAIR FOR GIVING ME AN EXTRA EXTRA COUPLE OF MINUTES. I JUST WANT TO TALK A LITTLE BIT ABOUT MY EXPERIENCE WITH THE WITH THE CAPITAL BUDGET PLAN AND AND I'LL SAY I'LL SAY A PARTICULAR PLAYGROUND I GOT ELECTED IN 2011 STARTED MY TERM IN 2012, GOT CALLED UP TO JONES HILL SHORTLY AFTER THAT TO DISCUSS A PLAYGROUND DOWN A PARK THAT WAS ON MY VERY FIRST LIST BUDGET REQUEST. SO THAT YEAR THAT THAT YEAR IT MAY MIGHT HAVE BEEN THE YEAR AFTER MADE FEASIBILITY. SO THE MAYOR GETS TO HOLD UP THAT PHONE CALL. IT'S ON THE CAPITAL BUDGET PLAN FEASIBILITY. THAT'S JUST A FIRST STEP. YOU'VE GOT TO LITERALLY BE LIKE A DOG ON A BONE AND GO BACK THE NEXT YEAR AND SAY OK, WE'RE AT FEASIBILITY. THIS IS STILL IMPORTANT TO ME NOW LET'S GO FOR A PLANNING STUDY AND THEN THE SECOND YEAR PLANNING STUDY THEN IT'S FUN THE THEN THE THIRD YEAR WOULD BE FUN THE DESIGN AND THEN FOURTH FIFTH YEAR WOULD BE FINE THE CONTRACTOR FUN THE CAR SO IT IF YOU'RE HITTING EVERYTHING RIGHT YOU'RE FIVE YEARS RIGHT. SO SO FOR ME TO GET INFRASTRUCTURE THAT I WANT IN AT AT COLUMBIA POINT WHICH IS THE FIELD HOUSE WHICH IS JOB TRAINING WHICH IS BEING ABLE TO CONNECT MY NEIGHBORHOOD YOU KNOW A NEIGHBORHOOD THAT WAS THAT WAS LEFT BEHIND WE THEY PUT WALLS FOR US. IT WAS FOR PEOPLE TO GET THROUGH THE CITY FOR US WAS A WALK IN AND I DON'T HAVE THE STAMINA FOR TEN MORE YEARS TO FOLLOW. OK, CAN I PLEASE GO IN PLEASE AND CAN YOU CAN YOU CAN YOU A DIFF A HUNDRED MILLION DOLLAR BOND THAT'S BEING DIRECTED I DON'T HAVE TO PLAY THE ROLE OF A DISTRICT CITY COUNCILOR OR THE PERSON BEHIND ME DOESN'T HAVE TO PLAY THE ROLE OF A CITY COUNCIL ARE BEGGING FOR TO GET FROM FEASIBILITY TO PLANNING STUDY TO TO DESIGN YOU KNOW IN EVERY YEAR AND I'M DOING MY FOURTH FOURTH MAYOR RIGHT NOW. SO THIS DOESN'T THIS ISN'T ABOUT THE FIRST ONE OR THE LAST ON EVERY YEAR THE MAYOR HOLDS UP. YOU WERE ON THE CAPITAL. YEAH. AND THAT'S THE FIRST POT OF CAPITAL. SO TO ANSWER SOME OF THE QUESTIONS, YOU'VE GOT TO BE A DOG ON A BONE AND IF YOU PUT SOMETHING IN THE CAPITAL THIS YEAR, YOU HAVE TO MAKE SURE IT'S A PRIORITY AND NEXT THE YEAR AFTER THAT AND THE YEAR AFTER THAT AND THE YEAR AFTER THAT, ONE THING THAT AND THAT'S JUST MY EXPERIENCE. I'M NOT LOOKING FOR MY COMMUNITY AFTER WE'VE BEEN TRICKED OUT. I'M NOT LOOKING FOR MY COMMUNITY TO HAVE TO COME OVER TO OVER TO WHOEVER IS THE ELECTED OR THE BUREAUCRAT IN CHARGE ALL THE TIME AND BEG WE NEED SOME HELP. WE'VE BEEN AFFECTED EVEN THOUGH WE MIGHT NOT COME IN UNDER THAT AFFECTED COMMUNITY. WE'VE BEEN AFFECTED. SO A LITTLE BIT OF HOMEWORK FOR MY FOR MY GOOD COLLEAGUE FROM DISTRICT SEVEN WOULD BE I WOULD SAY AND CORRECT ME IF I'M WRONG GET A HANDLE OF ALL THE PROJECTS THAT ARE IN YOUR DISTRICT THAT COULD BE HELPFUL WITH WITH THE PPTA. SO YOU CAN FIGURE OUT WE'RE RIGHT WE'RE RIGHT DIF OR WHAT ARE WE GOING TO DETERMINE AS A DIFF AREA THAT WILL GIVE DOLLARS BACK OR CAN IT BE SO GOOD WE DO P THREE HERE AND THEN ANOTHER BIG PROJECT HERE AND ANOTHER BIG PROJECT IT DOES IT NEED TO BE CONTINUOUS. DO YOU KNOW HE'S GOING TO GIVE TESTIMONIALS. YEAH YEAH YEAH. SO WE'LL SAVE THEM QUITE A FEW. SO SORRY I'M TRYING TO HELP OUT MY COLLEAGUE. WHAT WHAT SHOULD SHE BE DOING FIRST STEPS IN IDENTIFYING THE PROJECTS THAT THAT WOULD BE READY FOR FOUR DIFF WHAT HAS SCALE AND THEN WHAT ARE WE LOOKING TO DO WITH THAT SO I'LL TAKE ALL THE HOMEWORK OVER HERE. I APPRECIATE IT. WE DO WE WE WE HAVE MEETINGS COMING UP. YEAH WE'VE IDENTIFIED WE'VE MET YEAH WE HAVE A HUGE PROJECT AND DISPLACEMENT ROXBURY AND WE TRUST ME WE HAVE A WHOLE DATABASE ON THIS THING. OK BUT WHAT PROJECTS WILL GALVANIZER COUNCILOR I'VE HAD A CHANCE TO TALK TO EVERYBODY UP THERE ALTHOUGH BRIAN I THINK OUR MEETING IS GETTING CALENDARED NOW. I'VE HAD A CHANCE TO TALK TO EVERYBODY UP THERE. I KNOW YOU'RE VERY CLEAR ABOUT THE PROJECTS THAT ARE IMPORTANT TO YOU. YEAH, TO ME DIRECTLY AND OTHERWISE. SO SO WHAT THE PROJECTS HELP GALVANIZE AND DRIVE THE THE CAPITAL PLAN I'M I HEAR YOU LOUD AND CLEAR ABOUT THE TIME IT TAKES. I THINK YOU'RE TALKING ABOUT BIG PROJECTS THAT EACH NEED WHAT WILL MAKE SURE THAT THAT WERE PRIORITY I MEAN AGAIN AND IN OUR STORE WILL MAKE SURE THAT YOU GUYS SPEAK FOR YOURSELVES. BUT WE'RE HERE YOU AND I THINK THAT WE I WOULD LIKE TO ACCEPT THE CHALLENGE OF SHOWING THAT WE CAN GET OUR GEO PROGRAM TO TO DO A LOT OF THE THINGS THAT YOU WANT THESE THESE DIFFS AND TIFF'S AND OTHER INSTRUMENTS TO DO. AND I THINK WE'RE COMMITTED TO TO WIN UP AND GET AND SHOW YOU THAT WE CAN DO IT AND WE'RE ALSO COMMITTED TO LOOK AT THEM. I KNOW FOR EXAMPLE, WE'VE TAKEN A HARD LOOK AT IQ IN THE ASSESSOR AND CFO AREA IS I CUEBALL AGAIN THE TRADITIONAL INFRASTRUCTURE ROADS AND YES YEAH. WITH THE STATE WITH THE STATE'S CREDIT BEHIND IT WE'RE COMMITTED TO LOOK AT THAT TOO. SO WE I'M I'M COMMITTING ON MAYBE ON OUR BEHALF WE'LL TAKE A HARD LOOK AT IT. OK, SO I WANT YOU TO TAKE AWAY FROM US THAT WE ARE OPEN TO WHAT YOU'RE SAYING. WE BELIEVE WE CAN SHOW YOU A PRODUCT THAT CAN BE AS RESPONSIVE AS THOSE AND IF WE CAN'T, WE'RE HAPPY TO LOOK AT THE OTHER THINGS YOU'VE DESCRIBED AND A PARTICULAR QUESTION HERE MY COLLEAGUE HAD TALKED ABOUT A THEATER IN TERMS OF CAPITAL WE AND OUR CAPITAL IS PRETTY MUCH AGAIN WE'RE BACK TO STREETS, SIDEWALKS, PARKS, LIBRARIES OF THEATER THE WAY I WOULD GO IN AND OUT. SO THAT WOULD BE IN P THREE THE NEIGHBORHOOD WOULD ADVOCATE WE WANT YOU TO ABLE TO P THREE AND THEN YOU WE WANT YOU THREE TO BUILD A THEATER. SO HOW DO WE USE MONEY TO HELP THAT DEVELOPER OUT TO BECAUSE BUILDING A THEATER IS IS YOUR BUILDING YOU HAVE NO IDEA HOW IT'S GOING TO BE PAID FOR OR WHO IS GOING TO RUN WHATEVER WHATEVER IT IS. BUT IF IT'S BUILT PEOPLE WOULD STEP UP TO RUN IT. AND SO SO I THINK THROUGH THE TO THE CHAIR TO THE MEMBERS OF THE COMMITTEE I WOULD SAY THAT THE IF I IF I KNOW THE THEATER ABOUT WHICH THE COUNCILOR SPEAKING IN NUBIAN SQUARE ADJACENT TO A DEVELOPER THAT RICHARD TAYLOR IS LEADING, THERE'S A THEATER PROPOSAL AND WE'VE BEEN TALKING ABOUT HOW TO CAPITALIZE THE THEATER INSTRUMENTS LIKE THIS COULD HELP THAT HAPPEN. I THINK AGAIN WE'RE GOING TO WE WANT TO TAKE AS OUR HOMEWORK THE ABILITY TO SHOW YOU HOW THE GOP GO CAN SUPPORT THAT OR SHOW YOU HOW WE'LL LOOK AT ONE OF THE OTHER INSTRUMENTS AND IN AND PRESENT THE PRESENT THE TRADE OFFS. BUT I THINK WE WE THINK WE'VE GOT A COMPETITIVE CASE TO MAKE TO YOU ABOUT THE WAY WE CAN DO CITY CAPITAL ACCEPTING THE CHALLENGE. THANK YOU, CHIEF. DOES ANYBODY HAVE ANY QUESTIONS FOR THIS BOARD HERE? NO, I THINK WE'RE GOOD. OK, SO WE'RE GOING TO GO TO THE NEXT BOARD IF YOU GUYS WANT TO STAY IN IT. YEAH, THAT WOULD BE GOOD IF YOU IF YOU COULD SAY THAT THIS IS OUR PANELISTS NOT PUBLIC TESTIMONY. YEAH, SO WE'RE NOT COMPLETE IT WE'RE NOT DONE. YEAH. SO MAYBE IF YOU STAY FOR THIS PANEL LISTEN AND AND KEVIN JUST TO GET INTO KEVIN AFTER THAT THANK YOU. SO STAY FOR A LITTLE BIT ON ZOOME ON ZOM YEAH THANK YOU ON ZOOME WE HAVE PHILIP BANGASH, BARASCH BARASCH BRIDGET WALLIS AND LISA SITTING HERE SO I DON'T KNOW WHO'S GOING TO GO FILL UP YOUR SMILES UP THERE YOU GO ON FIRST. THANK YOU MR CHAIR I'M HAPPY TO GO FIRST IF THAT'S ALRIGHT WITH MY COLLEAGUE I CAN YOU HEAR ME ALL RIGHT. YES OK WELL THANK YOU VERY MUCH. THIS COMMITTEE FOR THE FACILITATING SUCH A THOUGHTFUL DISCUSSION I LEARNED A GREAT DEAL ABOUT THE MECHANICS PECULIARITIES, THE MERITS AND THE DISADVANTAGES OF DIFFS THROUGH THIS DISCUSSION AND I'M WALKING AWAY LIKE I THINK MY PURPOSE TODAY IS TO SPEAK A LITTLE BIT ABOUT THE BACKGROUND FOR THE IDEA OF IMPLEMENTING A CONCEPTUALIZING IRAQ'S VERY DIFF. SO I WON'T BE IN THE MECHANICS OF I'LL SAY A FEW THINGS ABOUT HOW IN PARALLEL WITH WHAT THE COUNCIL THE CHIEF OF PLANNING ARE THINKING A GROUP OF STAKEHOLDERS IN ROXBURY HAS ALSO BEEN EXPLORING THE NOTION OF A SO AGAIN MY NAME IS PHILIP BEARISH, AN URBAN PLANNER IN 2019 AND 2020 I HAD AN OPPORTUNITY TO SERVE AS A FELLOW AT THE BOSTON FOUNDATION WHERE HE HELPED TO LAUNCH AN INITIATIVE THAT CONVENED COMMUNITY GROUPS AROUND THE CITY SUCH AS ASIAN DEVELOPMENT CORPORATION BONIVA MAIN STREET RAUCHWAY CULTURAL AND OTHERS AND THINKING ABOUT HOW TO SUPPORT, FUND AND BUILD POWER IN COMMUNITIES. AMONG THE MANY DISCUSSIONS THAT WE'VE HAD IN THAT AUGUST GROUP WAS THE NOTION OF OF CULTURAL PLACEMENT THE IDEA THAT AS CERTAIN NEIGHBORHOODS IN BOSTON ARE UNDERGOING RAPID DEVELOPMENT THEIR CHARACTER, THEIR IDENTITY, THEIR ELDERS ARE BEING BUFFETED AND SOME IN SOME CASES DISPLACED AND THE PUBLIC FINANCE VALUE CAPTURED SCHOOLS THAT WERE UNDER DISCUSSION TODAY INCLUDING AN ALPHABET SOUP OF DIFFERENT TYPES, BUSINESS IMPROVEMENT DISTRICTS AND OTHER TOOLS WAS ONE WAY THAT THE GROUP TALKED ABOUT MITIGATE THE CULTURAL DISPLACEMENT SUPPORTING THE DETERMINED COMMUNITY GOALS AND REINVESTING IN SOCIAL INFRASTRUCTURE. I THINK IT'S WORTHWHILE TO POINT OUT THOUGH TO IMPROVEMENT FINANCING AND TIFF'S ARE ORDINARILY USED FOR GREEN INFRASTRUCTURE. THEY CAN ALSO BE USED TO SUPPORT SOFTER STRUCTURAL ARTISTS HAVE THINGS VIBRANT COMMERCIAL MAIN STREET PLAYGROUNDS, SCHOOLS ETC. I'LL ALSO JUST MENTION ONE OTHER CONCEPTUAL THING ABOUT A DIV OR SEATING THE SPACE TO MY COLLEAGUE RICHARD. I THINK THERE'S OFTEN A KIND OF A CONCEPTUAL ADVERSARIAL RELATIONSHIP BETWEEN REAL ESTATE DEVELOPMENT AND COMMUNITY INTEREST IF SET AND REGULATED APPROPRIATELY A DIFF CAN ALIGN THE INCENTIVES OF A DEVELOPMENT. THE INTERESTS OF THE COMMUNITY AND DESIRES AND RESPONSIBILITIES OF CITY COUNCILORS. SO I'M REALLY GRATIFIED THAT THIS IDEA THAT GERMINATED IN TWENTY NINETEEN IS NOW BEING SERIOUSLY CONSIDERED BY THE COUNCIL AND BY STAFF AND AVERAGE OF THANK YOU IS BRIDGET WALLACE READY? YES I AM. HI BRIDGET IF YOU GOOD MORNING. TELL US WHO YOU ARE YOUR AFFILIATION PLEASE AND YOU CAN GO ABSOLUTELY. GOOD MORNING. MY NAME IS BRIDGET WALLACE AND I AM THE LOCAL OXFORD RESIDENT URBAN PLANNER SOCIAL ENTREPRENEUR ALSO WAS PART OF THE THE INITIATIVE THAT PHILIP MENTIONED PLACE LEADERSHIP NETWORK AND I AND MY COLLEAGUE ANITA MORSE AND MATRA PARTNERED WITH THE BOSTON FOUNDATION AND AFTER OUR COMPLETION OF PLACE LEADERSHIP NETWORK TO EXPLORE THE POSSIBILITY OF A ROXBURY DID WE DID SOME INITIAL WORK WITH A CONSULTING FIRM AND THEY AND BEGAN TO PLAN OUT AND MAP OUT AND CONCEPTUALIZE WHAT ROXBURY WOULD MEAN FOR THE COMMUNITY AND THE BENEFITS THAT IT WOULD EXTEND TO US. AND THEN WE ALSO BROUGHT THIS THE THE WORK THAT WE COMPLETED THE INITIAL PHASE OF IT TO COUNCILOR ANDERSON WHO THEN ALONG WITH HER STAFF DID RESEARCH AND LOOKED INTO THE POSSIBILITY OF ESTABLISHING A WALL STREET AND MUCH LIKE WHAT PHILIP HAS EXPRESSED, HAVING A PLACE, HAVING A TOOL THAT CENTERS PEOPLE THAT CENTERS A COMMUNITY IN IS AND WILL REMAIN OUR FOCUS. AND WE BELIEVE THAT ESTABLISHING A ROXBURY WILL WILL ENABLE THE COMMUNITY TO MOVE IN A SELF-SUFFICIENT WAY. RIGHT. AND TO DETERMINE HOW IT GROWS AND HOW AND WHAT IS INVESTED. AND WE IDENTIFIED THE THREE AREAS THAT THE COMMUNITY HAS AS LONG TALKED ABOUT AS I HAVE BEEN WORKING IN ROXBURY PART OF 20 PLUS YEARS AROUND AFFORDABLE HOUSING, ARTS AND CULTURE AND WORKFORCE DEVELOPMENT. RIGHT. AND WE THINK IF THIS TOOL IS STRUCTURED IN THE RIGHT RIGHT MEANING CAPTURING THE NET REVENUE THAT CAN BE CAPTURED FROM THE DEVELOPMENT THAT IS TAKING PLACE IN ROXBURY AND TAKING A PERCENTAGE OF THAT ORGANIC BUILDING A GOVERNING BODY WHO WILL THEN DETERMINE HOW THOSE FUNDS ARE ALLOCATED AND COME IN AND SUPPORT AND UNDERGIRD WHERE THE THE OR HOW THE AREAS THAT WE'VE IDENTIFIED THAT NEED SUPPORT AND NEED WE THINK THAT THIS CAN NOT ONLY HAVE A MEANINGFUL IMPACT WITH A LAST LONG LASTING IMPACT IN THE COMMUNITY, THE COMMUNITY HAS FOR A LONG TIME BEEN TALKING ABOUT COMMUNITY BENEFIT AND WE THINK THAT THIS IS THE TYPE OF COMMUNITY BENEFIT THAT'S LONG TERM THAT'S IMPACTFUL, THAT CENTERS COMMUNITY THAT THAT CENTERS PLACE KEEPING THAT THIS TOOL CAN AFFORD THE COMMUNITY TO WILL WITH ALL DUE RESPECT TO TO THE CHIEFS WE HAVE WE DO NOT ENGAGE IN THIS WORK TO HAND THE CITY OR THE STATE ANOTHER TOOL RIGHT FOR THEM TO DETERMINE HOW THAT OR THAT WILL BE AVAILABLE IN OUR COMMUNITY, HOW THEY WILL WANT TO SEE THOSE FUNDS ALLOCATED. WE WE APPROACH THIS FROM A COMMUNITY CENTERED PLACE AND PERSPECTIVE AT GIVEN THE RIGHT STRUCTURE THIS TOOL CAN REALLY SPEAK TO THOSE ISSUES THAT WE WE HAVE IDENTIFIED AND I THINK AS THIS CONVERSATION PROGRESSES THAT IS THE THAT IS THE BENT OR THE LEANING THAT WE WOULD WANT TO SEE HAPPEN COMING FROM THE CITY COUNCIL THAT WE LOOK AT LOOK AT FROM THAT PERSPECTIVE IN THAT PLACE SO THAT WE ARE NOT EXTENDING ANOTHER TOOL THAT GETS US INTO THAT CYCLE AS AS COUNCILOR BAKER HAS SAID INTO THAT FIVE YEAR CYCLE OF PLAN WHERE AT THE END OF THE DAY VERY LITTLE GETS DONE AND WE WANT TO I WILL I'M SORRY . I WILL SAY ONE MORE POINT THAT ROXBURY IS ONE OF THE NEIGHBORHOODS THAT HAS THE MOST BUILDING BLOCKS. WE HAVE A NUMBER OF PROJECTS THAT ARE IN THE QUEUE OR THAT ARE ALREADY TAKING PLACE. CERTAINLY NOT AS MANY CRANES ARE VISIBLE IN THE SKY AS IN OTHER PARTS OF THE CITY. BUT WE DO HAVE AN OPPORTUNITY HERE AND AS COUNCILOR ANDERSON SAID, THE TIME IS NOW WE HAVE AN OPPORTUNITY TO REALLY LOOK AT THIS TOOL AND TAKE IT BACK FROM DEVELOPERS AND CENTER IT BACK INTO THE HANDS OF THE COMMUNITY. AND SO MY PUSH WOULD BE FOR US TO CONTINUE THAT WORK, CONTINUE THAT RESEARCH. WE ARE THANKFUL THAT WE ARE STILL BEING SUPPORTED BY THE BOSTON FOUNDATION WHO WANTS TO DO ADDITIONAL RESEARCH TO ENSURE THAT WE CAN COME UP WITH A DEVICE THAT IS BENEFICIAL BOTH LONG AND SHORT. SO THANK YOU FOR YOUR TIME AND FOR LISTEN. THANK YOU LISA ICAHD GOOD MORNING. IT'S STILL MORNING MY NAME IS LISA SIMMONS. I AM THE ARTISTIC AND EXECUTIVE DIRECTOR OF THE ROXBURY INTERNATIONAL FILM FESTIVAL AS WELL AS THE MASS CULTURAL COUNCIL PROGRAM MANAGER WITH THE COMMUNITY'S TEAM THAT WORKS VERY CLOSELY WITH THE ROXBURY CULTURAL DISTRICT. I DON'T KNOW IF YOU KNOW THE CULTURAL DISTRICT PROGRAM BUT IT IS AN INITIATIVE THAT ALLOWS COMMUNITIES TO CREATE STATE SPONSORED CULTURAL DISTRICTS TO STIMULATE NEW ARTS AND CULTURE ACTIVITY AND ATTRACT CREATIVE BUSINESS IN AN AREA. THIS HAS BEEN AN INCREDIBLY INSIGHTFUL MORNING FOR ME. I DIDN'T KNOW I WAS GOING TO GET ALL OF THIS INFORMATION ABOUT DIFFS AND GEO FUNDS AND CAPITAL PROGRAMS BUT BUT THE MORE THAT I'M LEARNING ABOUT IT AND HEARING ABOUT IT, I DO AGREE THAT, YOU KNOW, I AM I'M A LIFELONG ROXBURY RESIDENT. MY GRANDPARENTS, MY GREAT GRANDPARENT WERE ALL ROXBURY RESIDENTS. THEY REMEMBER A ROXBURY VERY DIFFERENT THAN THE ROXBURY TODAY AND WOULDN'T IT BE WONDERFUL IF WE COULD BRING THAT BACK THAT THAT THAT SORT OF THAT FEELING THAT COMMUNITY THAT SENSE OF ECONOMIC STIMULATION INTO ROXBURY? SO I KNOW THE DIFFERENCE ARE AND REALLY IMPACTFUL ECONOMIC TOOL. YOU KNOW, I THINK THAT FOR FOR ME AS A AS A DIRECTOR OF THE ROXBURY INTERNATIONAL FILM FESTIVAL NOW IN ITS 25TH YEAR TALKING A LOT TO RICHARD TAYLOR ABOUT BUILDING THAT THEATER, THERE USED TO BE THREE THEATERS IN DUDLEY SQUARE THAT THAT TO USE THIS MONEY TO SORT OF IGNITE ARTS AND CULTURE IN THAT COMMUNITY. WE KNOW JAZZ ORBANES GOING INTO THAT SPACE IN THE BOWLING BUILDING AND I KNOW THAT'S TAKEN A LONG TIME TO GET TO THAT SPACE. I KNOW THAT WE ARE VERY EXCITED ABOUT HAVING ANOTHER OPPORTUNITY TO BE IN ROXBURY AT OUR OWN THEATER. WE HAVE HAD TO MOVE OUT OF THE ROXBURY AREA DURING THE FESTIVAL OVER THE LAST 15 OR SO YEARS BECAUSE THERE WASN'T A THEATER THAT WE COULD ACTUALLY USE THAT WAS VIABLE TO PRESENT THE FILMS IN THE WAY THEY SHOULD BE PRESENTED. AND WE DO WORK A LOT WITH HIBERNIAN HALL BUT THAT'S A WHOLE DIFFERENT STRUCTURE. SO WE ARE LOOKING FOR SOMETHING NOT TEN YEARS FROM NOW BUT REALLY LOOKING AT SOMETHING THAT CAN MAKE A DIFFERENCE WITHIN THE NEXT TWO OR THREE OR FIVE YEARS. YOU KNOW, IT'S IT'S IT'S AN INCREDIBLE IT'S A IT'S AN INCREDIBLE SPACE. IT'S A IT'S A SPACE WHERE I SPENT MY CHILDHOOD WITH MY GRANDPARENTS AND WE SHOULD BE ABLE TO USE THE COMMUNITY TO SUPPORT OUR COMMUNITY BY SPENDING THE DOLLARS THERE AND SUPPORTING A SUSTAINABLE ECOSYSTEM THAT PROVIDES OPPORTUNITIES FOR JOBS AND COMMUNITY. YOU KNOW, A DIFF WOULD PROVIDE AN INCREASE IN ECONOMIC OPPORTUNITY FOR BLACK BROWN BUSINESSES, INDIVIDUALS AND FAMILIES BY MAKING THIS KIND OF INVESTMENT IN A COMMUNITY LIKE YOU TALKED ABOUT SOMERVILLE'S ASSEMBLY SQUARE WHICH HAS GROWN EXPONENTIALLY OVER THE YEARS. THEY HAVE GOTTEN THIS INCREDIBLE OPPORTUNITY TO CREATE THIS SPACE AND IT'S NOT JUST FOR RESIDENTS, IT'S NOT JUST FOR ASSEMBLY SQUARE RESIDENTS. THIS ISN'T JUST FOR ROXBURY RESIDENTS. IT'S ALSO ABOUT TOURISM AND ECONOMIC DEVELOPMENT. SO I THINK THAT, YOU KNOW, ESPECIALLY ROXBURY'S NOUVION SQUARE COULD PROVIDE THAT CULTURAL AND ECONOMIC BENEFIT THAT WOULD THAT WOULD HAVE A PROFOUND EFFECT ON THE COMMUNITY. I MEAN, YOU KNOW THE STATISTICS YOU KNOW THAT THE AVERAGE RESIDENT IN ROXBURY MAKES THIRTY FOUR THOUSAND DOLLARS A YEAR WITH 53 PERCENT MAKING LESS THAN SEVENTY ONE THOUSAND ,YOU KNOW WELL, ROXBURY IS PERFECTLY WELL SUITED FOR A DIF IT'S TIME BLACK AND BROWN BUSINESSES AND ENTREPRENEURS ARE ON THE RISE. THEY'RE LOOKING TO STAY IN THEIR NEIGHBORHOODS TO INVEST IN THEIR COMMUNITIES AND WE SHOULD BE OFFERING THAT OPPORTUNITY FOR THEM TO GROW AND SHINE AND CREATE ALL OF THESE CONNECTIONS TO THEIR COMMUNITIES. I UNDERSTAND THAT THERE ARE ALL OF THESE OTHER PROGRAMS AND ALL OF THE OTHER WAYS AT THE EPA AND THE STATE CAN SUPPORT BUT YOU KNOW, HAVING BEEN IN THE COMMUNITY, HAVING BEEN IN THAT SPACE AND SEEING IT INCH BY INCH CHANGE OVER TIME AND BE SUPPORTIVE OVER TIME IS NOT ENOUGH. YOU HAVE, YOU KNOW, GENTRIFICATION. YOU HAVE PEOPLE MOVING INTO A NEIGHBORHOOD. YOU HAVE, YOU KNOW, A LACK OF AFFORDABLE HOUSING THAT YOU CAN ACTUALLY OWN AND THAT YOU KNOW WHAT'S ONE OF THE BIGGEST PROBLEMS IN ROXBURY. AND SO I DO THINK THAT, YOU KNOW, WITH THE CULTURAL CENTER HOPEFULLY BEING BUILT WITH THE THEATER BEING BUILT THERE STILL NEEDS SO MUCH MORE INFRASTRUCTURE AROUND THAT WE NEED STORES, WE NEED RESTAURANTS. WE NEED PEOPLE TO BE COMING INTO THAT COMMUNITY AND UNDERSTANDING THE RICH HISTORY OF BLACK AND BROWN PEOPLE IN THAT COMMUNITY THAT REACHES TO MATTAPAN. RIGHT. THAT REACHES OVER THE DORCHESTER THAT IS THE COMMUNITY AND THE SPACE IN BOSTON THAT MY GRANDPARENTS MY GREAT GRANDPARENTS GREW UP IN. IF IF WE HAVE TO WAIT ANOTHER TEN YEARS THAT'S A LONG TIME. AND IF DIFFS CAN CAN PROVIDE THAT OPPORTUNITY FOR US TO MOVE MOVE QUICKER ON THIS, THEN THEN YOU KNOW, ALL OF THAT IS GOING TO MAKE THE DIFFERENCE, RIGHT? THE INFRASTRUCTURE OF ROADS, THE CONNECTIONS TO TRANSPORTATION, BRINGING PEOPLE IN AND OUT OF THESE SPACES. THE BLACK AND BROWN COMMUNITY HAS DISPROPORTIONATELY NOT BEEN SUPPORTED IN THAT WAY FOR YEARS AND IF WE HAVE TO WAIT ANOTHER TEN YEARS OR ANOTHER TWENTY YEARS, THAT'S NOT OK. THAT'S OK. AND I FEEL LIKE HAVING SIT HERE AND LEARNED SO MUCH MORE ABOUT DIFFS AND THE OTHER THINGS, I THINK THAT YOU DIFF TOOL IS THE THING THAT'S GOING TO MAKE OUR COMMUNITY STRONG AND ENCOURAGED BPA THE CITY COUNCIL TO SUPPORT THIS INCREMENT FINANCING TO BE UTILIZED IN DISTRICT SEVEN AND AS WELL AS DISTRICT. THANK YOU VERY MUCH. THANK YOU LISA AND ARTHUR, I KNOW YOU NEED TO GO BUT IF YOU CAN STAY FOR A COUPLE OF MINUTES WHILE KEVIN GETS INTO HIS THING, I JUST HAVE ONE QUESTION ABOUT ABOUT THE BONDS AND IT'S PRETTY EASY TO UNDERSTAND A TRANSPORTATION BOND AND I'VE HEARD TALK OF IT I'VE HEARD IT MENTIONED AND NOT IN THE CIRCLES OF SOCIAL BONDS AND NOW THOSE SOCIAL BONDS ARE THE THING IS THAT SOMETHING WE CAN USE BECAUSE A SOCIAL BOND TO ME SAYS WE CAN USE IT IN BUILDING A FIELD HOUSE. WE CAN USE IT IN BUILDING WORK TRAINING PROGRAMS, WE CAN USE IT IN. THAT IS AN ARCHITECTURAL ARTISTIC ENHANCEMENT FOR NEIGHBORHOODS IS IS IS A SOCIAL BOND THING. THANK YOU COUNCILOR FOR THE QUESTION. YES, A SOCIAL BOND IS A THING IN THE SENSE THAT IT IS A LABEL THAT WE PUT ON THE BONDS THAT WE ARE GOING TO ISSUE. SO IT DOESN'T IT DOESN'T IT'S NOT SOMETHING WE GET. IT'S SOMETHING WE OFFER TO PEOPLE OFTENTIMES PEOPLE WHO ARE BUYING BONDS WANT TO INVEST THEIR MONEY IN THINGS. YOU KNOW, YOU HEAR ESG ENVIRONMENTAL SOCIAL GOVERNANCE . THEY WANT TO KNOW THAT THEY ARE PUTTING THEIR MONEY IN INSTITUTIONS THAT ARE, YOU KNOW, ADHERING TO STRONG CLIMATE STANDARDS IS YOU KNOW, HAVE HAVE A SOCIAL BACKING OR HAVE GOOD GOVERNANCE STRUCTURES. RIGHT. SO IT'S NOT SOMETHING THAT WE RECEIVE. IT'S SOMETHING THAT WE PUT ON OUR BONDS THAT WE SELL. IT DOESN'T CREATE NEW CAPACITY. WE YOU KNOW, WE'RE STILL BOUND BY THE CITY'S DEBT AND BORROWING LIMITS AND OUR YOU KNOW, OUR ABILITY TO REPAY THE DEBT ON THOSE BONDS SO IN THIS EXAMPLE IT WOULD BE SOMETHING IT WOULD BE A LABEL THAT WE WOULD PLACE ON THE DEBT THAT WE ARE ISSUING. OK, IN IN AT THIS POINT I'D LIKE TO PIVOT TO TO THE THE DEBATE AROUND A QUARTER YEAR AND IT'S MORE THAN A QUARTER IT'S IT'S IT'S CENTER COURT AND ALSO MARY ELLEN MCCORMACK AND THAT WHOLE AREA. THEY'RE CORRECT, KEVIN . THAT'S RIGHT. AND IF YOU CAN GET INTO WHAT THE BEST PART OF YOUR PRESENTATION IS SO I CAN HEAR IN CASE WE HAVE ANY QUESTIONS BEFORE HE NEEDS TO LEAVE HE'S GOT ABOUT TEN MINUTES AND THEN WE CAN KEEP YOU HERE AND GO BACK AND FORTH. SO I'M KEVIN GALVIN. I'M A VICE PRESIDENT AT CORDIA PARTNERS WHICH IS THE DEVELOPER FOR THE DORCHESTER BAY CITY PROJECT. HOW DO WE SHARE SCREEN AND GO THROUGH THE PRESENTATION GOOD TOGETHER YOU GOT THE CLICKER AND I'LL JUST RESPECTFULLY NOTE THAT, YOU KNOW, I'M A DEVELOPER TRYING TO ILLUSTRATE HOW THIS COULD WORK SEATED NEXT TO TWO EXPERTS THAT BUT ACTUALLY KNOW HOW IT WORKS RIGHT. SO AS WE WAIT FOR THIS TO POP UP SO HERE'S A VIEW OF THE PROJECT LOOKING LOOKING TOWARDS DOWNTOWN CHEAP JEMISON WENT THROUGH THE DEFINITION OF A OF A DIFF SO AS WE HAVE GONE THROUGH THE PLANNING PROCESS, I THINK WE'VE HEARD FROM THE COMMUNITY ALSO FROM THE PLANNING DEPARTMENT AND FROM OUR ELECTED OFFICIALS THAT DEVELOPMENT HERE ON COLUMBIA NEEDS TO BE ASSOCIATED WITH, YOU KNOW, THE APPROPRIATE LEVEL OF INFRASTRUCTURE IMPROVEMENT AS WE LOOK AT THE COLUMBIA POINT PENINSULA, YOU CAN SEE THERE'S A LOT OF PARKING LOTS AND A LOT OF THESE SITES ARE ACTUALLY STATE OWNED AND A LOT OF THE INFRASTRUCTURE THAT WE THINK SHOULD BE IMPROVED AND I THINK WE'VE HEARD FROM THE COMMUNITY AND THEY BELIEVE IT NEEDS TO BE IMPROVED IN OUR ANALYSIS SUPPORTS THAT ARE ALSO STATE OWNED ASSETS. SO WHAT DOES THAT DO FOR US IF WE'RE LOOKING TO GET CITY MONEY AGAIN TO A CITY SO WE DON'T NECESSARILY WANT TO GET A TRANSPORTATION BOND? THAT'S ALL TRANSPORTATION IF IT'S ALL STATE STATE ROADS AND STATE STATE INFRASTRUCTURE, I THINK OUR OPINION I THINK MANY FOLKS IN THIS ROOM WOULD AGREE IF IT'S A STATE OWNED THE STATE SHOULD, YOU KNOW, LEAD THE CHARGE. I THINK ANECDOTALLY AS WE TRY TO GET THIS ATTENTION TO STATE LEVEL, WHAT ADVANCE IS IT TO A POINT WHERE THEY CAN BE READY TO MOVE IS AN ACKNOWLEDGMENT FROM THE CITY THAT THERE'S FOCUS AND THERE'S BELIEF THAT THIS IS THE RIGHT PROJECT TO FOCUS ON. SO A DIF I THINK IS A IS A MORE FLEXIBLE TOOL THAN GABON'S AND AGAIN I DEFER TO THE EXPERTS HERE BUT THAT ALLOWS THE CITY TO BE A PARTICIPANT USING THAT NEW PROPERTY TAXES FROM NET NEW DEVELOPMENT. IT CAN PLAY A PART IN KIND OF THE BROADER STRATEGY SO WE LOOK AT THE COUNTY POINT PENINSULA AND TARGET JFK GAS STATION KAZUKO ROTARY MORRISSEY BOULEVARD AND IT'S RAISING FOR RESILIENCY IMPROVEMENTS AND THE COASTLINE AND IT'S RAISING FOR RESILIENCY IMPROVEMENTS. WE'RE NOT ONLY MAKING IMPROVEMENTS THAT SUPPORT NET NEW DEVELOPMENT WHICH WILL CREATE THOSE NEW REVENUES BUT WE SUPPORT, YOU KNOW, A LOT OF A LOT OF JOBS IN HOUSING AND IN A LOT OF COMMUTERS THAT AREN'T NECESSARILY FUNCTIONING ON THE PENINSULA. SO IT GROWS REVENUE. IT SUPPORTS NEW DEVELOPMENT AND IT ALLOWS THE STATE TO TO PLAY A PART IN BENEFIT NOT JUST THE PENINSULA BUT OTHER PARTS OF THE CITY. THAT'S THE NEED AND I CAN THE REST OF THIS PRESENTATION GOES THROUGH, YOU KNOW, HOW WE COULD POTENTIALLY SIZE IT ASSUMPTIONS THAT WE'VE MADE AND THAT CAN GO INTO SOME DETAIL. YOU SHOULD KEEP GOING. I CAN I CAN SAY FOR A COUPLE OF MINUTES. EXCELLENT. THANK YOU. WE JUST WANT TO ACCOMMODATE YOU. WE'VE SHOWN THE I APPRECIATE THE GESTURE FROM THE COUNCIL TO LET ME GO. I'VE SEEN SOME OF THE PROJECTIONS YOU'RE GOING TO SEE TODAY. SO THE PREVIOUS PAGE SHOWED A OUTLINE AROUND THE COLUMBIA POINT PENINSULA WHICH YOU KNOW IS WHAT WE'RE PROPOSING AS A POTENTIAL TIF DISTRICT WHERE PARCELS THAT ARE BEING PROPOSED FOR DEVELOPMENT WOULD QUALIFY. THESE PARCELS ARE OUTLINED ON THE NEXT PAGE. IT INCLUDES OUR SITE WHICH IS BOTH ON THE THE OLD BAYSIDE PROPERTY WHICH IS OWNED BY UNIVERSITY MASSACHUSETTS AND SANTANDER BANK PROPERTY. THERE ARE OTHER SITES IS THE COUNCILOR MENTIONED LIKE CENTER COURT B THE ARCHDIOCESE OWNS THE SITE ON THE PENINSULA AS WELL AND MASS ON SOME OTHER SITES THAT COULD POTENTIALLY BE SLATED FOR PRIVATE DEVELOPMENT . THIS SLIDE OUTLINES WHAT THE EXISTING PROPERTY TAXES ARE AND THEIR CURRENT STATUS WHETHER IT'S EXEMPT OR COMMERCIAL, ET CETERA. COULD YOU AVOID THOSE GIVEN WHAT IS WHAT IS WHAT'S COMING IN FOR TAX REVENUE TODAY? SO THIS PRESENTATION IS A YEAR OLD, I'LL ADMIT THAT. BUT I BELIEVE THE NUMBER AND I CAN'T SEE IT FROM HERE IS AROUND SIX DOLLARS MILLION TOTAL AND THAT INCLUDES THE EXISTING SANTANDER BANK SITE, THE B WHICH IS BEING REDEVELOPED RIGHT NOW. YOU KNOW, STOP AND SHOP HUB TWENTY FIVE ET CETERA. THOSE ARE THE EXISTING SITE IS EXEMPT CURRENTLY THE UMASS IS EXEMPT. THE BAYSIDE SITE IS EXEMPT. THE ARCHDIOCESE SITE IS EXEMPT . THERE MAY BE A COUPLE OTHERS AND THEN THERE ARE THE TWO SITES ON THE UMASS BOSTON CAMPUS WHICH HAVE SLATED FOR POTENTIAL REDEVELOPMENT CALLED THE CAFCASS ARE OBVIOUSLY EXEMPT AS WELL. SO ALL OF THOSE WILL BE COMING ON TO CITY WALLS. ALL OF THOSE WILL BE COMING ON TO CITY ROLES IF THEY ARE DEVELOPED BY PRIVATE DEVELOPERS. SO SO WE'LL CORDIA ACCORDION DEVELOPING EIGHT BUILDINGS IF YOU MASS IS IN ONE OF THOSE BUILDINGS, DO THEY NOT PAY TAXES OR IT'S YOU GUYS THAT ARE PAYING THE TAXES YOU ARE THE LANDLORD. SO THERE ARE SOME SPECIFIC RULES AROUND THIS AND I DON'T WANT TO SPEAK FOR YOU UMASS. OK, BUT IF UMASS DOES NOT OCCUPY THE ENTIRE BUILDING I THINK A RULE OF THUMB IS IT'S A PRIVATELY OWNED BUILDING. IT PAYS PROPERTY TAXES. OK, THANK YOU. THIS SLIDE SHOWS WHAT COULD POTENTIALLY BE REDEVELOPED ON THE PENINSULA. THE TOP BOX WAS OUR PROPOSAL LAST YEAR. WE HAVE SINCE UPDATED THAT IS SLIGHTLY SMALLER. THE BOTTOM BOXES ARE OTHER SITES AND WE'VE MADE ASSUMPTIONS AS TO WHAT THE DEVELOPMENT COULD BE. THEY'RE BASED ON OUR PROPOSAL AND IN JUST GENERAL MARKET KNOWLEDGE SINCE THEN CENTER COURT HAS ACTUALLY PROPOSED A MILLION SQUARE FOOT MASTER PLAN PROJECT SO AT LEAST ONE OF THESE PROJECTS IS NOW IN THE ARTICLE EIGHTY PROCESS. THIS SLIDE SHOWS SOME OF OUR ASSUMPTIONS RELATED TO, YOU KNOW, HOW WE COULD STRUCTURE A BOND AND THE FIRST SET OF ASSUMPTIONS I'LL OUTLINE IS WE WORKED WITH A CONSULTANT CALLED ARCADY ASSOCIATES THAT MAYBE FOLKS IN THIS PANEL HAVE HEARD OF TO HELP US DETERMINE SOME ASSUMPTIONS FOR FUTURE PROJECTED PROPERTY TAXES FOR THE BAYSIDE SITE AND THAT GOES OVER YOU LAND VALUES. IT LOOKS INTO COMPARABLE PROJECTS AND WHAT THEY PAY BASED ON BUILDING ASSESSMENT AND LAND ASSESSMENT. SO WE TOOK THOSE ASSUMPTIONS AND WE LAYERED THEM OVER RSM INS ON WHAT THE OTHER POTENTIAL DEVELOPMENT IN THE DISTRICT COULD BE BEYOND JUST OUR PROJECT THROUGH THAT WE MADE A SERIES OF ASSUMPTIONS ON PHASING AND WHEN POTENTIAL PROJECTS COME ONLINE OVER A 15 YEAR PERIOD USING ALL OF THOSE ASSUMPTIONS WE ESTABLISH A SERIES OF OF CASH FLOWS FOR FOR PROPERTY TAXES FLOWING TO THE CITY AND THEN WE STRUCTURED A BOND VALUE BY DOING A NET PRESENT VALUE CALCULATION ON THAT SERIES OF CASH FLOWS FOR THIRTY YEARS USING A DISCOUNT RATE OF EIGHT PERCENT IN A DISCOUNT RATE ESSENTIALLY BEING, YOU KNOW, AN INTEREST RATE AS THE CHIEF MENTIONED EARLIER. SO ALL THOSE ASSUMPTIONS, THE DISCOUNT RATE THAT WE ASSUMED WE CAME TO A VALUE OF ABOUT 100 MILLION DOLLARS AND AGAIN WE DON'T THINK A HUNDRED MILLION DOLLARS SOLVES ALL THOSE ISSUES THAT WE DESCRIBE IN TERMS OF AUSTRALIAN OVER WHAT WE'RE COLLECTING. YOU TALK ABOUT TAX REVENUE. ONE HUNDRED MILLION COMING IN OVER WHAT OVER WHAT WE'RE COLLECTING NOW AS A GOOD QUESTION. THE HUNDRED MILLION I IN REFERENCING IS WHAT WE BELIEVE THE VALUE OF A BOND SHOULD BE OK, THE SERIES OF CASH FLOWS IF YOU LOOK YEAR FIFTEEN WHEN ALL OF THE PROJECTS ARE BUILT OUT WE PROJECT LIKE ONE HUNDRED AND FIFTY MILLION DOLLARS OF PROPERTY TAX REVENUE OVER THE SIX MILLION DOLLARS ROUGHLY THAT ARE PAID TODAY IN THAT DISTRICT. SO THAT'S A NET POSITIVE OF YOU KNOW, A HUNDRED AND FORTY FOUR MILLION DOLLARS ANNUALLY. HERE'S THE SERIES OF OH SORRY ESSAIBI RAKING SERIES OF PANELIST'S. SO HERE'S A SERIES OF CASH FLOWS BASED ON OUR PHASING ASSUMPTIONS. NOW HERE ARE THE PROJECTS THAT WE THINK WE'VE HEARD FROM THE COMMUNITY THAT THAT SHOULD BE RAISED TO THE POINT, YOU KNOW, ACTION NEEDS TO BE DONE FOR FOR ALL THE DEVELOPMENT ON THE PENINSULA TO SUCCEED, INCLUDING OUR PROJECT. MANY OF THEM ARE OUR ROADS TRANSPORTATION FOCUSED TRANSIT FOCUS WITH TI. BUT I DO WANT TO POINT OUT, YOU KNOW, RESILIENCY IS A BIG OPPORTUNITY FOR THE THE BAYSIDE SITE IN PARTICULAR IS A MAJOR FLOOD PATHWAY INTO THE CITY NOT JUST FOR THE PENINSULA BUT RUNNING ALL THE WAY UP TO FOUR POINT FLOWING INTO OTHER NEIGHBORHOODS. AND WE ALL KNOW ABOUT MORRISSEY BOULEVARD AND THE FLOODING ISSUES THAT GO ON THERE. SO BY IMPLEMENTING SOME OF THESE RESILIENCY SOLUTIONS WE COULD TIE INTO WHAT THE CITY'S PLANNING AS PART OF THE LOCAL PARK RENOVATION WHICH I THINK IS IN THE CAPITAL PLAN. I'M NOT POSITIVE TIE WHAT UMASS HAS ALREADY DONE AND I INTO WHAT COULD POTENTIALLY BE A PROJECT ON MORRIS BOULEVARD AND PROTECT A LOT OF FOLKS FROM FROM POTENTIAL SEA LEVEL RISE THIS MAYBE THAT'S IT. SO THIS OUTLINES A SERIES OF PROJECTS AGAIN, WE DON'T THINK NOR DO WE BELIEVE THAT THE CITY SHOULD BE ON THE HOOK FOR PAYING FOR ALL OF THESE PROJECTS. OUR ADVOCACY IS AROUND A VERY COMPREHENSIVE CAPITAL STACK THAT COULD BE BUILT WHERE THE STATE IS THE MAJOR PLAYER. THE STATE, YOU KNOW, PAYS THE MAJORITY OF THE COST. PRIVATE DEVELOPERS CONTRIBUTE IN A MEANINGFUL WAY THROUGH MITIGATION FUNDS. WE THINK IQ IS A GREAT TOOL GIVEN ALL THE NET NEW JOBS IT WILL BE COMING AND THE PUBLIC PRIVATE PARTNERSHIP BETWEEN PRIVATE DEVELOPMENT, THE STATE AND THE CITY. AND WE ALSO THINK THAT I EXCUSE ME THAT THE DEAF IS A WONDERFUL TOOL GIVEN THAT IT HAS A LITTLE MORE FLEXIBILITY BASED ON WHAT WE KNOW FROM TYPICAL GOVAN'S GIVEN THAT THESE ARE MOSTLY STATE OWNED ASSETS AND THE POTENTIAL FOR SOME OF THE SOFTER SOLUTIONS THAT HAVE BEEN DISCUSSED ALREADY TODAY, THAT'S THE PRESENTATION. THANK YOU. AND DOES ANYBODY HAVE QUESTIONS IN REGARDS TO THIS PROPOSAL HERE FOR ARTHUR OR THE TEAM? I THINK ARTHUR HAS TO GO BUT MR CHAIR, I WOULD LIKE TO ASK KEVIN KEVIN OK, SO DO YOU HAVE ANYTHING FOR OFFER? I THINK YOU'RE GOOD SIR. THANK YOU. THANK YOU. THANK YOU. THANK YOU. OK, WE'LL JUST HAMMER KEVIN NOW YOU'RE READY WE'RE TALKING TO HIM ABOUT IT. YOU'LL BE ALL RIGHT OK SO YOU YOU CAN STOP KEVIN CAN YOU PLEASE EXPLAIN TO ME JUST IN LAYMAN'S TERMS SO THAT I CAN UNDERSTAND THE NUMBERS IN TERMS OF FROM THE BEGINNING TO THE END SAY YOU'RE IN MY SEAT EXACTLY WHERE OR HOW WOULD THE PROCESS WORK WITH THE ADMINISTRATION AND THE STRUCTURE? HOW WOULD I STRUCTURE THAT SO THAT WE CAN ACTUALLY GET IT GOING FOR ROXBORO? SO THE BEST I BELIEVE THE MECHANICS WORK ARE THE LEGISLATION AT THE STATE LEVEL ARE IN PLACE. THE MUNICIPALITY AS CITY BOSTON IS EMPOWERED TO PROPOSE A POTENTIAL D'HIV DISTRICT WHERE THE COLLABORATION'S REALLY NEEDED IS WITH THE ASSESSOR'S OFFICE WITH THE CFA AND WITH THE MAYOR THAT HE GETS BUY IN FROM THE EXECUTIVE BRANCH AND THEN THERE NEEDS TO BE A LOT OF COLLABORATION ON THE USES. SO WHAT QUALIFIES AS SOMETHING THAT COULD RECEIVE FUNDS FROM THE DIF? I DON'T THINK IT COULD BE AS FLEXIBLE AS A GRANT PROCESS WHERE FIVE YEARS DOWN THE LINE YOU THINK HERE'S A RECIPIENT THAT HAS A LOT OF POTENTIAL THEY WANT TO REDO A THEATER. I THINK THE POTENTIAL SET OF USES NEEDS TO BE DETERMINED AS THE DISTRICT IS PROPOSED AND ERM IT'S A BOND OFFERING YOU KNOW THERE ARE PRIVATE INVESTORS THAT WILL BE BUYING THAT BOND AND THEY WANT TO SEE WHERE THAT MONEY'S GOING TO GO AND THEY WANT TO HAVE A SENSE OF CONFIDENCE THAT THERE'S A WAY TO PAY THAT MONEY BACK. SO I BELIEVE THAT THE USES NEED TO BE ESTABLISHED AS THAT DIFF IS HIS PITCH TO THE BOND MARKET FOR POTENTIAL INVESTORS. OK AND COLLABORATION SORRY . DOES IT MEAN THAT THE COUNCIL LIKE BE SUGGESTED AS AN ORDINANCE? DOES IT MEAN THAT THE COUNCIL DOES NOT HAVE THE POWER TO VOTE ON IT AND AS IN FORCED ADMINISTRATION TO DO IT OR IS IT SOMETHING THAT THEY HAVE TO AGREE TO? I DON'T KNOW THE POWER OF THE COUNCIL . I DO BELIEVE THAT THE ADMINISTRATION NEEDS TO AGREE TO IT. I THINK THE ASSESSOR HAS THE POWER TO SAY HERE'S A SPECIAL DISTRICT WE'RE GOING TO CARVE OUT 10 PERCENT OF THE FUTURE PROPERTY TAX REVENUES OF NET NEW DEVELOPMENT IN THAT DISTRICT TO PAY FOR THIS PARTICULAR THING. I THINK THAT'S A TOOL THAT THE ASSESSOR IN THE CFO HAVE THE ABILITY TO DO. I DON'T KNOW IF THE COUNCIL HAS HAS ANY AUTHORITY TO JUMP IN THERE. I THINK SIMILAR TO THE TO THE BID WE TOOK A VOTE ON IT THAT SIGNALED ACROSS THE HALL. BUT AGAIN WE COULD TAKE THE VOTE AND THEY COULD NOT BE ON BOARD AND JUST JUST SAY NO, I JUST WANT TO RECOGNIZE COUNCIL MEJIA WHO IS A CO-SPONSOR OF OUR FIRST WHICH IS ZERO THREE SEVEN NINE COUNCILOR ARE YOU CLEAR IN YOUR QUESTIONING SO IF YOU WANT TO CONTINUE THEN WE'LL COME BACK TO OUR COUNCIL MEJIA YES NO I. I THINK YOU KNOW IN RESEARCHING WORSTER SOMERVILLE WE COULDN'T FIND ANYTHING THAT'S SHOWED THAT THE COUNCIL COULD ACTUALLY CREATE SOME SORT OF CODE. IT WAS UNCLEAR BECAUSE WE DO KNOW IT LIVES RIGHT OUT AS A LEGISLATURE, AS A LEGISLATOR LATER IN THE STATE LEVEL BUT WE I COULDN'T FIND ANYTHING TO SHOW LIKE HOW EXACTLY IT'S STRUCTURED BUT IF IT'S JUST A DECISION ON THEIR PART AND IF WE'RE JUST GOING ON RECORD TO PASS A RESOLUTION AS AS THE CHAIR MENTIONED, THEY COULD SAY YEAH, SO WHAT WE DON'T AGREE AND SO THAT IT SEEMS IS IT SEEMS MOOT BECAUSE WE DO THEY HAVE AN INTEREST TO PROTECT THEIR BOND RATE RATINGS AND STUFF LIKE THAT. SO I'M NOT SURE WHERE IT WOULD GO OTHER THAN I GUESS ASKING YOU FOR RECOMMENDATIONS IN TERMS OF INCENTIVIZING THE ADMINISTRATION TO COLLABORATE. I THINK ULTIMATELY THAT'S WHERE WE'RE GOING TO END UP. IS IT A RECOMMENDATION IS THE MOST WE CAN DO IN ELEVATING TO YOU KNOW, WE BELIEVE IN THIS STRONGLY BUT ALSO, YOU KNOW, THE POINT WE HEARD AROUND THE THREE OR ON ZUN ROXBORO IS IN THOSE DEVELOPER PARCELS AVAILABLE IN THE CITY OF BOSTON. SO THERE'S A LOT OF POTENTIAL NET NEW TAX REVENUE. SO I THINK ESTABLISHING A PLAN AN AREA ESTIMATING THOSE POTENTIAL REVENUES, CARVING OUT WHAT YOU THINK IS A POTENTIAL BASELINE TO SUPPORT THE DEATH, WHETHER IT'S 10 PERCENT OF THOSE TAXES, FIVE PERCENT OF THOSE TAXES ESTABLISHING A SET OF POTENTIAL USES, HAVING A PLAN IN PLACE THAT SAYS HERE IT IS IS A GOOD WAY TO ADVOCATE FOR FOR THE DEATH RATHER THAN, YOU KNOW, A GENERAL ADVOCACY. I THINK I THINK IT NEEDS TO BE ADVANCED WITH SOME DETAIL AND SUPPORT SO THAT THE CFO THE ASSESSOR CAN LOOK AT NUMBERS AND DETERMINE WHETHER OR NOT THAT WILL IMPACT THE BALANCE SHEET IN A NEGATIVE WAY, A POSITIVE WAY IF IT'S BETTER TO USE GABON'S IF IT'S BETTER TO USE OTHER TOOLS THAT THE CITY HAS OR IF THIS ACTUALLY IS THE RIGHT THE RIGHT TOOL THE TOOLKIT TO SUPPORT WHAT YOU'RE TRYING TO ACHIEVE. THANK YOU. I GUESS YOU KNOW, CHAIR, I'M NOT SURE IF YOUR INTERESTED IN HOLDING SOME SORT OF WORKING SESSION. WE DO HAVE A PLAN IN PLACE. I KNOW. I KNOW FOR ME I THOUGHT IT WOULD BE BETTER TO PRESENT IT FIRST ON THE ADVOCACY LEVEL AND TALK ABOUT IT BECAUSE IT'S A CONCEPT THAT MAY BE NEW TO A LOT OF THE COUNCILORS AND AS YOU SEE WE DIDN'T GET GOOD ATTENDANCE TODAY BUT I FEEL LIKE WE COULD TRY TO ENCOURAGE THEM AND BETTER ORGANIZE TO GET MORE PEOPLE ON THE TABLE AND IN THE ROOM TO FIGURE OUT EXACTLY, YOU KNOW, LOOKING AT THE PLAN WE'VE BEEN WORKING FOR THE PLACE IN STUDIO PLACE KEEPING STUDIOS AND HOVERED BUS FOUNDATION. THEY DID THIS PLACE KEEPING OVER AND THEN ALSO I'VE BEEN WORKING WITH NORTH-EASTERN FOR OVER A YEAR NOW ON THE PLAN. SO THERE'S THERE'S A LOT OF WORK AND RESEARCH THAT'S ALREADY GONE INTO THIS AND THIS IS WHAT I MEAN ABOUT EXACERBATING A DISENFRANCHIZED COMMUNITY'S RESOURCES TO FORCE THEM TO SAY WELL YOU'RE NOT READY, YOU DON'T HAVE A PLAN AND THEN YOU DON'T ACTUALLY GET YOUR CAPITAL ASK IT EVEN WHEN IT'S IN THERE IT DOESN'T ACTUALIZE OVER A DECADE OR IF YOU'RE LUCKY. SO THAT'S ALL I HAVE CHAIR BUT IT'D BE WONDERFUL TO COLLABORATE WITH YOU AND LOOK AT WHAT YOU'LL WORK WHERE YOU HOW FAR YOU'VE GOTTEN WITH YOUR WORK SO FAR AND SEE SOME HOW YOU CAN SUPPORT US IN ADDING TO THE ANTI DISPLACEMENT PLAN THAT WE HAVE A ROXBURY. ABSOLUTELY AND WE'LL DEFINITELY DO WORKING SESSIONS SO WE CAN FIGURE IT OUT. I THINK OUR I DO BELIEVE WE DO HAVE INVOLVEMENT THERE LIKE IT WOULDN'T MOVE FORWARD. I BELIEVE WE DO HAVE TO TAKE A VOTE BUT I'M NOT TOTALLY SURE ON THAT. AND IN THE WORKING SESSION I'LL HAVE THAT FOR YOU. COUNCILOR MEJIA WOULD YOU LIKE TO OPENING STATEMENT OR QUESTIONS OR WHATEVER YOU HAVE? YEAH. SO THANK YOU TO MY COLLEAGUES. I APOLOGIZE FOR BEING LATE. I HAD ANOTHER COMMITMENT THAT I HAD TO BE AT SO BUT I MADE MY WAY HERE NOT JUST BECAUSE I'M A CO-SPONSOR OF THIS BUT ALSO BECAUSE I THINK IT'S AN IMPORTANT CONVERSATION FOR ME TO ALSO GET MYSELF WELL ACCLIMATED AND TO LEARN A LITTLE BIT MORE ABOUT KIND OF WHAT WHAT ARE ALL THE PATHWAYS AND ALL OF THE DIFFERENT TOOLS THAT WE CAN USE TO HELP KEEP OUR PEOPLE HERE IN THE CITY OF BOSTON SO REALLY WANTED TO COME IN TO LISTEN AND LEARN AND I'LL BE WATCHING THE TAPE TO GET MYSELF UP TO SPEED. I SEE THAT, YOU KNOW, OTHER CITIES HAVE DONE THIS. YOU KNOW, I'M IN THE HEARING ORDER WE MEANT WE POINT TO BROCTON, WE POINT TO SOMERVILLE AND THAT BOSTON IS NOT CUT UP. SO I'M JUST CURIOUS AND IF YOU HAVE ALREADY ADDRESSED THIS, I APOLOGIZE BUT CAN YOU JUST HELP ME UNDERSTAND KIND OF WHAT ARE THE ROADBLOCKS FOR BOSTON TO JUMP ON BOARD? I THINK THE CFO AND THE ASSESSOR DID THE BEST JOB ADDRESSING IT BUT I THINK IN SHORT IN THE PAST THEY'VE DETERMINED IT'S IT'S MORE EFFICIENT FOR BOSTON AND CHEAPER FOR BOSTON GIVEN ITS EXCELLENT BOND RATING TO ISSUE GENERAL OBLIGATION BONDS RATHER THAN ESTABLISH A DISTRICT WHERE THE INTEREST MAY BE HIGHER. SO THEY'VE THEY'VE PRETTY CONSISTENTLY FUNCTIONED DOING VERY SPECIFIC BOND OFFERINGS FOR VERY SPECIFIC PROJECTS RATHER THAN DOING THE DISTRICTS. BUT I'M SURE AT THE TABLE OFFER A LITTLE MORE INSIGHT THAN I CAN OFFER. ONE MORE QUESTION. I'M JUST ALSO CURIOUS YOU ARE A DEVELOPER IS THAT WHAT YOU COME OF IT? WHAT I'M SORRY WHAT ARE YOU IN SO I KNOW WHO I'M IN FRONT OF RIGHT. I'M WITH THE ACHARYA PARTNERS TEAM FOR THE DORCHESTER BAY CITY PROJECT. I JUST WANT TO MAKE SURE I KNOW WHO I'M TALKING TO BECAUSE I'M ASKING YOU QUESTIONS THAT YOU PROBABLY WILL NEVER BE ABLE TO ANSWER. SO I DON'T WANT TO MAKE YOU UNCOMFORTABLE. I SO LET'S JUST TALK A LITTLE BIT ABOUT DORCHESTER BAY RIGHT . IN TERMS OF JUST LIKE THE PLANNING AND THE OUTCOME, I ALWAYS AM CURIOUS ABOUT THE RETURN ON INVESTMENT FOR ANY PROJECT THAT WE INVEST HERE IN THE CITY OF BOSTON AND RETURN ON INVESTMENT NOT JUST IN TERMS OF HOUSING BUT ALSO WORK FORCE OPPORTUNITIES AND ALSO ECONOMIC EMPOWERMENT. CAN YOU JUST TALK TO US A LITTLE BIT ABOUT KIND OF HOW YOUR MODEL AND THE WORK THAT YOU'RE DOING AT DORCHESTER BAY KIND OF MIRRORS SOME OF THIS POTENTIAL DETECTIVE CONVERSATION THAT WE'RE HAVING HERE? IS THERE A CONNECTION BETWEEN THE TWO? ABSOLUTELY. I THINK THAT TO SUPPORT PUBLIC FINANCING THERE NEEDS TO BE AN ANALYSIS ON THE RETURN ON INVESTMENT. THE CONVERSATION IS PRETTY SPECIFIC RELATIVE TO PROPERTY TAXES AND NEW PROJECTS. BUT WHAT WE WERE DISCUSSING IS HOW DO WE GET THE STATE TO BE A PARTNER IN SOME OF THESE THINGS AS WELL AND FOR THE STATE THEIR FOCUS IS GOING TO BE ON JOBS AND IN FOOD AND BEVERAGE TAXES AND SALES TAXES. SO I THINK THERE'S A VERY DIRECT CONNECTION WITH THE JOB CREATION OPPORTUNITIES, THE HIGH PAYING JOB CREATION OPPORTUNITIES THAT GEORGE HUDSON BAY CITY BOTH IN CONSTRUCTION WERE ESTIMATING 15000 JOBS AND IN PERMANENT EMPLOYMENT THOSE ARE VERY SERIOUS YOU KNOW, REVENUE ENHANCEMENTS FOR THE STATE AND REAL JOB OPPORTUNITIES FOR FOR CITIZENS OF BOSTON. THANK YOU. AND ONE LAST QUESTION AND I'M JUST THIS IS JUST OUT OF CURIOSITY. YOU KNOW, WE TALK ABOUT HERE IN THE HEARING ORDER THAT ONLY 26 PERCENT OF ROXBURY RESIDENTS OWN THEIR HOMES WHICH WE KNOW THAT WE KEEP TALKING ABOUT MORE AFFORDABLE HOUSING IS AS A PATHWAY TO HELP ADDRESS THE HOUSING CRISIS THAT WE FIND OURSELVES IN. BUT CAN YOU JUST TALK TO US A LITTLE BIT ABOUT AS WE CONTINUE TO MOVE THROUGH CONVERSATIONS DEVELOPMENT? WHAT DO YOU SEE AS THE RIGHT BALANCE FOR KEEPING PEOPLE HOUSED BUT ALSO CREATING OPPORTUNITIES FOR WEALTH GENERATING OPPORTUNITIES? IT IS THERE A RIGHT STRIKE AND A BALANCE THAT WE CAN LEAN INTO IN TERMS OF GIVING AN OPINION ON THE BALANCE? YOU KNOW, I'M NOT SURE FROM A ADVOCACY STANDPOINT WE CERTAINLY BELIEVE THAT THERE IS AN OPPORTUNITY FOR MORE ADVOCACY AROUND HOMEOWNERSHIP OPPORTUNITIES, PARTICULARLY FOR RESIDENTS OF COLOR AND SHORTENING THAT RACIAL WEALTH GAP. KIRK CITES ON OUR TEAM WHO I KNOW YOU KNOW WAS PART OF THE BOSTON FED WHEN THE COLOR OF WEALTH REPORT CAME OUT AND THAT DISPARITY BECAME SO CLEAR . I WILL SAY THAT ON THE PROJECT LEVEL FOR OUR PROJECT WE'RE TRYING TO PROPOSE A VERY CLOSE CONNECTION WITH MAHAT MASSACHUSETTS AFFORDABLE HOUSING ALLIANCE TO SUPPORT THEIR HOME OWNERSHIP FUND AND THAT DIRECTLY GOES TO GRANTS TO HELP FIRST TIME HOMEBUYERS. WE'RE A VAST, VAST MAJORITY I THINK. NINETY THREE PERCENT ARE RESIDENTS OF BOSTON. ALMOST ALL OF THEM ARE PEOPLE OF COLOR. BUT PART OF THAT ADVOCACY IS ALSO TO SAY HOW CAN WE HAVE SOME OF THE AFFORDABLE THE OPPORTUNITIES IN OUR CITY BE MORE HOMEOWNERSHIP OPPORTUNITIES. BUT I DON'T KNOW IF I CAN GIVE AN OPINION ON THE RIGHT AND THAT'S MONEY GIVEN THIS WE'VE WE GOT 500 MILLION DOLLARS IN APPLE MONEY. WE NEED TO TAKE THAT MONEY IN REAL DOLLARS NOT IN INCREMENTS. WE NEED TO TAKE FIVE MILLION AT A TIME AND GIVE IT TO PRIVATE DEVELOPMENT SO THEY CAN AUGMENT SO THEY CAN LOWER THEIR BOTTOM LINE AND BE ABLE TO SELL AT PRICES THAT ARE WITHIN THE AMIES THE WAY WE'RE DOING IT NOW, THE AMOUNT OF PAPERWORK THAT EVERYBODY HAS TO GO THROUGH TO GET TAX WHAT'S IT? I CAN'T THINK OF IT ANYWAY. YOU PLAY THE TAX GAME OR TO GET OR TO GET MONEY FROM A CITY THAT'S ABSOLUTELY RIDICULOUS. ABSOLUTELY RIDICULOUS. IT NEEDS TO BE REAL MONEY DOLL IS FRONT LOADING PROGRAMS THAT BUILDING 25 UNITS, 40 UNITS, 100 UNITS FRONT LOADING THEM SO SO WE CAN SCALE BACK ON THE PRICE IN THE BACK AND THAT'S THE ONLY WAY TO IT'S THE ONLY WAY TO DO IT IS TO IS TO GIVE MONEY TO THE DEVELOPMENTS THAT ARE HAPPENING AND SMALLER DEVELOPMENTS. THAT'S MY THAT'S MY OPINION. THE PAPERWORK, THE BUREAUCRACY IT'S ALWAYS OUT OF CONTROL THESE DAYS IT GOES A LITTLE CRAZY. SO RELATED TO THAT ONE FOR YOU, KEVIN . THAT'S MY OPINION. THANK YOU, COUNCILOR BAKER. I APPRECIATE YOUR HONESTY. ONE OF THE THINGS THAT I SO MUCH APPRECIATE ABOUT YOU AND I WILL CONCUR AND AGREE THAT, YOU KNOW, IT FEELS LIKE WE'RE TRYING TO CRACK THE VINCI CODE WHEN WE'RE TRYING TO MAKE ANYTHING HAPPEN HERE IN THE CITY OF BOSTON. THERE ARE SO MANY DIFFERENT HOOPS THAT WE NEED TO JUMP THROUGH JUST TO LIKE GET IN LINE TO ASK A QUESTION. IT JUST I JUST FEEL LIKE WE DEFINITELY NEED TO DO A BETTER JOB OF STREAMLINING PROCESSES SO THAT WE CAN MAKE IT EASIER FOR PEOPLE TO BE ABLE TO BUILD TO STAY. AND I ALSO THINK AT THE SAME TIME THAT WE ARE IN A VERY WE HAVE A UNIQUE OPPORTUNITY AND I AM REALLY EVEN THOUGH I'M ONLY IN MY THIRD YEAR IN OFFICE I HAVE LEARNED A LOT ABOUT HOW THE CITY WORKS OR DOESN'T WORK AND I THINK THAT THAT IS REALLY WHERE THE OPPORTUNITY LIES IN TERMS OF HOW DO WE GET TO WHERE WE NEED TO BE WITHOUT LEAVING ANYONE BEHIND. AND THAT IS THE CONVERSATION THAT I CONTINUE TO WANT TO BE ENGAGED IN BECAUSE OTHERWISE WE'RE ALWAYS GOING TO BE DOING THIS AND NO ONE'S GOING TO GET WHERE THEY NEED TO. RIGHT. AND SO I'M ENCOURAGED BY NOT ONLY HAVING THIS AS AS A STARTING POINT IN TERMS OF BEING ABLE TO HAVE WORKING SESSIONS AND TO REALLY DOVE DEEPER SO THAT WE CAN FIGURE OUT HOW DO WE GET TO A WIN WHERE NO ONE FEELS LIKE THEY LOST SOMETHING WHICH IS WHAT IS THE HARDEST THING TO DO HERE IN BOSTON PERIOD. AND THEN THE LAST THING THAT I'LL JUST SAY AND I'LL JUST UPLIFT THEM BECAUSE YOU JUST MENTIONED HIM IS CURT SAIC'S. HIS WIFE WAS HIS FORMER WIFE WAS IS KAREN JAMES SIKES AND SHE USED TO WORK AT THE PRIVATE BOSTON INDUSTRY COUNCIL AND BECAUSE OF HER I GOT MY FIRST JOB IN THE 80S THROUGH THE PROGRAM. SO THAT IS THE REASON WHY PROBABLY I GIVE CURT SUCH A PASS BECAUSE HIS WIFE WAS SO INSTRUMENTAL IN CREATING OPPORTUNITIES FOR ME WHEN I WAS WHEN I WAS IN HIGH SCHOOL. I REALLY DO APPRECIATE YOU BEING HERE WITH US AND I AM NOT GOING TO HUG UP THE MIKE JUST BECAUSE I HAVE IT. I DID COME IN LATE AND I WANT TO BE RESPECTFUL OF TIME AND JUST WANTED TO THANK MY COLLEAGUES FOR ALLOWING ME TO PARTICIPATE IN THIS PROCESS. THANK YOU. THANK YOU. SO ONE OF THE ISSUES THAT I'M HAVING KEVIN IS IF IF IF WE GO DOWN THIS PATH WHERE WE GET A BOND NOT THAT WE DON'T NEED INFRASTRUCTURE IMPROVEMENTS AND NOT THAT WE DON'T NEED RESILIENCY AND NOT THAT MOUNT COUNTRY NEEDS TO GET DONE OVER BUT SOME OF THE SOME OF THE ISSUES THAT THAT THE COMMUNITY HAS IT WRAPS AROUND THIS IS ACCESSIBILITY TO THE ACTUAL PROJECT WHERE WE'RE BLOCKED BY KAZUHIKO CIRCLE STATE. WE'RE PROLONGED BY THE HIGHWAY FEDERAL WE'RE BLOCKED BY THE TRAIN STATION STATE WE'RE BLOCKED BY MARCI BOULEVARD'S STATE. SO WHY WOULD WE THE CITY ME THE DISTRICT CITY COUNCIL GO FOR ONE HUNDRED MILLION TRANSPORTATION BOMB AND IT GOES INTO ALL STATE STATE STATE THINGS THE STATE SHOULD BE RESPONSIBLE FOR WHEN I THINK OUR NEED I THINK OUR NEED AND WE NEED TO LOOK AT INFRASTRUCTURE DIFFERENT FROM SIDEWALKS, ROADS AND BRIDGES. I WANT THE DEFINITION OF INFRASTRUCTURE TO BE MY PEOPLE SO WE CAN PUT MONEY INTO IT INTO THE FIELD HOUSE AND BUILD THE FIELD SO WE CAN PUT REAL DOLLARS INTO ONE OF THE THINGS I THINK WE DO ABSOLUTELY WRONG IS THE WAY WE DO JOB TRAINING. WE DON'T WE DON'T HAVE WE HAVE MADISON PARK HIGH SCHOOL BUT WE DON'T HAVE THOSE SMALL NEIGHBORHOODS CENTERED PLACES WHERE PEOPLE CAN STOP IN AND THE FIRST THING IS AND SAY OK YEAH GO FILL OUT THAT THIRTY FIVE PAGE APPLICATION ON A COMPUTER SOMEONE SAYS THAT TO ME I'M TWENTY YEARS OLD LOOKING FOR A JOB ON MY GOD I'LL SEE YOU LATER. I'M I'M NOT YOU KNOW SO WE NEED TO BUILD THAT INFRASTRUCTURE SO HOW DO HOW DO WE WITH THIS OPPORTUNITY HERE YOU'VE STATED WE'RE GOING FOR MANY AND JUST ROUGH NUMBERS SIX MILLION AND IN IN REAL ESTATE TAXES NOW TO UPWARDS OF ONE HUNDRED FIFTY MILLION. SO THAT'S A HUNDRED AND FORTY MILLION EXTRA WILL HAVE IN TEN YEARS AND YEAH I DO THINK TEN PERCENT THAT SHOULD STAY IN THAT IN THAT AREA WHATEVER THAT AREA IS DEFINED AS YOU KNOW WE HAVE DORCHESTER WE HAVE WE HAVE SOLD BOSTON. WE HAVE WE HAVE YOU KNOW MATTAPAN COME THROUGH THAT AREA QUINCY COMES THROUGH THAT WE'RE GOING TO SOUTH BOSTON BASICALLY THE INFRASTRUCTURE THAT WE BUILD IS GOING TO BE CITY WIDE INFRASTRUCTURE. IS THAT SOMETHING THAT'S BEEN DONE AND AGAIN A SOCIAL BOND WHAT IS A SOCIAL BOND AND I KNOW THIS IS A LITTLE OFF YOUR YOUR WHOLE THING BUT HAVE YOU IN YOUR MANY YEARS SEEN THIS SEEN THIS APPLIED ANY PLACE I CAN'T LIST AN EXAMPLE OF A DIFF ASSOCIATED WITH WITH TAX REVENUES BEING USED TO SUPPORT A VERY SPECIFIC JOB STREAM PROGRAM. I DON'T SEE THAT TO SAY IT'S IT CAN'T BE DONE. I JUST CAN'T REFERENCE ANY EXAMPLES. I THINK TYPICALLY IT'S ASSOCIATED WITH, YOU KNOW, A REVENUE ENHANCEMENT OPPORTUNITY I.E. THIS IMPROVED ROAD, THIS RENOVATED TRAIN STATION WILL LEAD TO THE UNLOCKING OF A DEVELOPMENT WHICH WILL UNLOCK X AMOUNT OF JOBS ASSOCIATED TAX REVENUES AND X AMOUNT OF PROPERTY TAXES WITH THAT NEW INCOME STREAM COMING TO THE CITY. I DO THINK WHAT WE'VE HEARD TODAY THOUGH IS A DIF CAN BE FLEXIBLE AND HOW IT'S USED IN THE DISCUSSION AROUND WHAT THE USES ARE JUST NEED TO HAVE AN EARLY AND HAPPEN IN COLLABORATION WITH THE ADMINISTRATION. BUT ALSO I THINK WITH WITH MASS DEVELOPMENT. SO WE'RE ON IN ON A HUNDRED MILLION UPON WHATEVER IT IS WHETHER IT'S TRANSPORTATION, SOCIAL, THE 100 MILLION AS IS OBVIOUS IN YOUR PLAN THAT WE YOU TALKED ABOUT OBVIOUSLY IT'S KNOWN BEFORE THE HUNDRED MILLION IS ON THE TABLE WHERE IT'S GOING TO BE SPENT. SO IT'S NOT LIKE OH LET'S SPEND IT OVER THERE, LET'S SPEND IT SO WE KNOW EXACTLY WHERE IT'S GOING. SO YOU'RE SAYING THOSE IF THERE'S AGREEMENT IN PLACE IS THE POTENTIAL OF DOING THINGS LIKE THAT? I WANT TO DO I THINK SO. OK, I DO HAVE A COUPLE MORE THINGS BUT DUE TO DO HAVE ANY MORE QUESTIONS OK KEVIN I DON'T KNOW ANYTHING THROW IT OUT THERE. I DON'T I DON'T HAVE QUESTIONS BUT JUST A STATEMENT TO WRAP UP HONESTLY. THANK YOU MR CHAIR I I ACTUALLY HAVE TO SAY LOOK, I REALLY DO APPRECIATE YOUR STYLE OF FACILITATION BECAUSE IT OFFERS A DIFFERENT WAY OF COMMUNICATION TYPICALLY I DON'T KNOW WHETHER TO ROBERT'S RULES OR THE STANDARD THAT WE USE HERE THE BACKDROP FEELS CULTURALLY INSENSITIVE TO A LOT OF PEOPLE COMING IN AND ESPECIALLY FOR OUR PANEL. SO COMMUNITY PANELS AND THEN FOR FOLKS THAT HAVE STATEMENTS OR QUESTIONS SOMETIMES MOST OF THE TIMES COMMUNITY ORGANIZER AND ADVOCATES HAVE BETTER QUESTIONS THAN WE DO BECAUSE THEY ARE ON THE GROUND AND THEY ARE CLOSE TO THE WORK AND THEY'RE HYPERFOCUS ON THAT ON THAT JOB OR THAT THAT PROJECT AND I REALLY DO APPRECIATE THIS STYLE AND SOMETHING TO CONSIDER MOVING FORWARD WITH WAYS AND MEANS COMMITTEE WITH ALL OF MY PROBABLY ABOUT 50 OR MORE HEARINGS AND WORKING SESSIONS BUT LOOKING FORWARD TO HOPEFULLY ASSEMBLING SOME OF YOUR STYLE IN THAT BECAUSE IT'S A BETTER WAY OF COMMUNICATING. IT'S CLEAR, IT'S CONCISE AND IT ALLOWS MORE FLEXIBILITY FOR US TO GO BACK AND FORTH. SO THANK YOU SO MUCH FOR ALLOWING ME THAT IN AS WE MOVE FORWARD. IF IT'S OK WITH YOU THE WORKING SESSIONS, I'D LIKE TO KEEP THEM TOGETHER BECAUSE THEY'RE VERY SIMILAR AND WE'RE TRYING TO DO THE BASICALLY THE SAME THING. IT'S YOU KNOW SO IF WE HAVE THE HEARINGS I'LL POSTPONE THE WORKING SESSIONS. I'LL POST BOTH DOCKET NUMBERS BUT THE CONTENT IS GOING TO BE YOU KNOW WHAT THE CONTENT IS. WE'LL DO IT SIMULTANEOUS TO TO JUST TO ADD TO THAT THEN I THINK YOU KNOW, WE KNOW THAT IT'S FLEXIBLE. WE KNOW THAT AS YOU SAID, IT'S A A MORE FLEXIBLE THAN GEO PROGRAM. WE KNOW THAT IT CAN BE PEOPLE CENTERED AND THAT WE KNOW THAT HISTORICALLY OR TRADITIONALLY DEVELOPERS HAVE USED AS A TOOL. BUT WE THINK THAT PEOPLE CAN ALSO USE THIS TOOL COMMUNITY CAN USE THIS TOOL TO BE ABLE TO FOCUS MORE ON PROGRAMMATIC ISSUES AND THE PROBLEM IS WHEN WE DO JUST DEVELOPMENT HAS TO SIT ON SHAREPOINT. YOU CAN BUILD INFRASTRUCTURE OR YOU CAN TAKE A LONG TIME TO SAY THERE'S A PROBLEM AND THEORETICALLY OR IDEALLY WOULD LIKE TO PLAN FOR THIS CAPITAL IN ORDER TO INVEST IN THIS COMMUNITY. BUT THEN WHILE YOU'RE WAITING THE PROGRAMMATIC THINGS THAT NEED TO BE IMPLEMENTED ARE NOT TAKING PLACE AND SO THE COMMUNITY SUFFERS. SO IF IT'S COMMUNITY CENTERED THEN WE IMPLEMENT MORE INNOVATIVE CREATIVE WAYS OF ADDRESSING THOSE ISSUES ON THE GROUND. AND I THINK WHAT THE ADVOCATES ARE SAYING IS IT COULD BE A PARTNERSHIP WITH DEVELOPERS INVOLVED AS WELL. BUT THE COMMUNITY HAS ALREADY BUILT THIS UP AND ALSO PARTNERED WITH BOSTON FOUNDATION TO BE ABLE TO GET THE SUPPORT THAT THEY NEED IN ORDER TO SEED MONEY, YOU KNOW, IN ORDER FOR THEM TO MOVE THIS FORWARD. AND THE STRUCTURE THAT THEY ARE LOOKING AT IS A COMMUNITY LED TYPE OF FOCUS AND AGAIN ALSO WITH THE FLEXIBILITY OF LOOKING AT PROGRAMMATIC ISSUES TO ADDRESS I LOOK FORWARD TO WE I HAVE SOME RESEARCH THAT I HAVE TO LOOK FURTHER INTO IN TERMS OF THE POWER THAT THE COUNCIL HAS AND I KNOW THAT I AM A COUNCILOR FAIRLY NOT A ROOKIE BUT FAIRLY A ROOKIE. BUT I THE RESPONSIBILITY IS MINE TO DO THE RESEARCH AND I CAN APPRECIATE YOU THROWING THAT BACK TO ME. I WILL DEFINITELY TAKE THAT ON. I HAVE SOME RESEARCH THAT COMMUNITIES HAVE OFFERED FOR ME TO LOOK INTO IN TERMS OF HOW WHAT POWERS WE HAVE TO FOR US TO BE ABLE TO EXPAND HERE. SO AGAIN, I WILL BE IN TOUCH AND LOOK FORWARD TO WORKING WITH YOU ENSURING THAT I THINK I THINK THIS IS AN OPPORTUNE MOMENT AND I'M HOPEFUL THAT WE'RE GOING TO GET SOMETHING BEAUTIFUL DONE FOR ALL COMMUNITIES NEED YOU. THANK YOU, COUNCILMAN HILL. THANK I'M SO SAD I MISSED THE FACILITATION BUT I'M SURE KNOWING COUNCILOR BAKER THAT HE KEPT IT 100 PERCENT REAL WITH YOURSELF TODAY AND I WILL WATCH THE TAPE. SO I KIND OF WANT TO JUST TO FOLLOW UP QUESTION SINCE WE HAVE YOU HERE I'M AN ENTREPRENEUR AT HEART AND I ALWAYS BELIEVE THAT THE WAY THAT YOU LEARN BEST IS JUST BY TESTING THINGS OUT LIKE DOING A LITTLE PILOT. WHAT WOULD IT LOOK LIKE IF WE WERE TO TAKE A VERY SMALL SECTION OF A PARTICULAR AREA AND SAY LET'S JUST PILOT WITHIN THE REALM OF THESE FIVE OR SIX BLOCKS, WHAT LESSONS DO YOU THINK WE COULD POTENTIALLY LEARN ABOUT DOING SOMETHING LIKE THIS IN A SMALLER YOU KNOW, CONCENTRATED AREA JUST SO THAT WE CAN LEARN BECAUSE I THINK YOU KNOW, I I BELIEVE WHERE THERE'S A WILL THERE'S ALWAYS A WAY AND IF WE COULD TEST THINGS OUT WITH A LOW IMPACT RATE LIKE IT, WE'RE NOT ASKING FOR THE WHOLE PIE. WE JUST WANT A LITTLE PIECE OF IT. WHAT WOULD IT LOOK LIKE EVEN IF WE'RE JUST IN A CONCENTRATED AREA SMALL LITTLE TEST PILOT, WHAT DO YOU THINK WE POTENTIALLY MIGHT LEARN FROM THAT AT THE VERY LEAST YOU'RE GOING TO LEARN, YOU KNOW, HOW THE MECHANICS ACTUALLY WORK AND HOW WE GO FROM THIS CONVERSATION TO YOU KNOW, THIS IS SOMETHING THAT'S IN PLACE. WE'VE WE'VE GONE THROUGH IT. WE'VE ESTIMATED THE REVENUES AND WE'VE ISSUED A BOND AND THAT'S INVALUABLE EXPERIENCE I THINK FOR FOR THE COUNCIL FOR THE ADMINISTRATION, FOR THE ASSESSOR'S OFFICE IN TERMS OF THE RISKS, I THINK THE ASSESSOR AND CFO ARE BETTER ABLE TO DISCUSS YOU KNOW, IS IT ACCEPTABLE TO THE CITY'S BOND RATING TO DO A TEST PILOT WITH A WITH AN EXAMPLE? I'D RATHER NOT COMMENT ON THAT. BUT AT THE VERY LEAST I THINK THE BENEFIT WOULD BE EXPERIENCE AND KNOWING HOW TO DO IT ON A LARGER PROJECT. IS THIS SOMETHING THAT AND AGAIN AND AND I HAVE TO AGREE WITH MY COLLEAGUE COUNCILOR ANDERSON, EVEN THOUGH I'VE BEEN ON THE COUNCIL FOR THIS, MY SECOND TERM IS ONLY THREE YEARS. I'M STILL KIND OF LEARNING MY WAY AROUND RIGHT. AND I'M STILL LEARNING WHAT POWERS WE HAVE AND WE DON'T HAVE I THOUGHT I COULD DO A LOT MORE AND I HAD TO LIKE WHAT I CAN DO THAT SO WHILE LEARNING HERE AND SO I'M JUST CURIOUS TO KNOW IS THIS SOMETHING THAT YOU THINK FROM A DEVELOPMENT STANDPOINT THAT DEVELOPERS ARE, YOU KNOW, ENTHUSIASTIC ABOUT OR BECAUSE I CAME IN LATE TO YOUR PRESENTATION SO I'M NOT SURE WHAT HOW DOES THE WORLD OF DEVELOPMENT FEELS ABOUT SOMETHING LIKE THIS? AGAIN, I'LL SPEAK FOR US. I DON'T WANT TO SPEAK FOR OTHER DEVELOPERS BUT FOR US THIS IS NOT A NEW ASSESSMENT. THIS IS NOT ADDITIONAL BURDEN ON DEVELOPERS. THIS IS CARVING OUT A PIECE OF , YOU KNOW, TYPICAL MARKET REAL ESTATE TAXES AND DIRECTING IT TO A VERY SPECIFIC PURPOSE THAT ULTIMATELY BENEFITS AND ENABLES NEW DEVELOPMENT, NEW JOBS, NEW HOUSING ETC. SO I DON'T SEE A REASON WHY THE DEVELOPMENT COMMUNITY WOULD BE AGAINST THIS. I THINK THERE'S ONLY GOOD THINGS THAT CAN COME OUT OF PUBLIC INVESTMENT IN INFRASTRUCTURE ASSOCIATED WITH, YOU KNOW, NET NEW DEVELOPMENT. WELL THEN I THINK THAT ANSWERS THE QUESTION RIGHT. I FEEL LIKE IT SEEMS LIKE THE MAYBE I DON'T KNOW MAYBE I'M MISSING SOMETHING HERE. THE DEVELOPMENT COMMUNITY COULD AND SHOULD AND I THINK WOULD BE ON BOARD WITH THAT BECAUSE THEY'RE ABLE TO PROVIDE THINGS THAT COMMUNITIES ARE ASKING FOR THAT MIGHT BE OUTSIDE OF THE SPECTRUM OF WHAT THEY WOULD NORMALLY FEEL COMFORTABLE IN DELIVERING. THEY HAD A FIELD HOUSE, YOU KNOW, CONNECTIONS, CONNECTIONS THAT MIGHT NOT NOT BE IN PLANNING. YOU KNOW, I'M LOOKING FOR WALKING PATHS FROM MY COMMUNITY OFF CRESCENT AVE'S THROUGH AND HOW DO WE GET FROM CRESCENT AV THROUGH THE TRAINS THROUGH THE HIGHWAY, THROUGH MARZI BOULEVARD OVER TO THIS BEAUTIFUL PROJECT THAT'S HAPPENING. HOW DO WE WALK THAT THAT WALKWAY? HOW DO WE ENJOY THE AMENITIES THAT ARE GOING TO BE OVER THERE? SO THAT COULD BE SOMETHING THAT IS ABLE TO TO BE DELIVERED WITH DELIBERATE IN BETWEEN THE COMMUNITY'S DEVELOPMENT BUY IN AND GOVERNMENT BY AND SO IT'S A SORT OF A THREE WAY PLAN AND THEN IT SEEMS TO WORK. COUNCILOR ANDERSON WAS SAYING THAT THERE'S ALSO SOME COMMUNITY ASPIRATES AROUND THIS AND SUPPORTING THIS. RIGHT. SO IT SEEMS LIKE WHICH WEIRD BECAUSE WE REALLY SEE THIS IT SEEMS LIKE THE DEVELOPMENT COMMUNITY POTENTIALLY COULD BE ON BOARD. THE COMMUNITY COULD BE ON BOARD. SO WE JUST HAVE TO GET EVERYBODY ELSE ON BOARD. SOUNDS LIKE WELL, IF THE COMMUNITY HAS WISH LIST THIS CAN POTENTIALLY BE A WAY TO PAY FOR. THANK YOU AND THANK YOU FOR THAT CHARACTER. KEVIN , ONE ONE QUESTION. WE TALKED ABOUT THE BONDS A LITTLE BIT AND YOU KNOW, LIKE I'M NOT LOOKING TO DO SOMETHING THAT SOMEONE HAS TO KEEP A MAGNIFYING GLASS ON FOR THE NEXT TEN YEARS TO MAKE SURE THAT WE'RE PAID ATTENTION TO I THINK I THINK MAYBE I'M GOING TO ABANDON THAT THOUGHT. IS THERE AN OPPORTUNE SOMEONE HAD MENTIONED OVER HERE COULD YOU DO A NEIGHBORHOOD SPECIFIC TRUST WITH BOARD MEMBERS? SO IN IN IN EIGHT YEARS OR TEN YEARS THERE'S A DORCHESTER TRUST THAT'S 10 PERCENT OF THE STAFF AREA. IS THAT ASKING TOO MUCH? IS THAT GETTING US IN TROUBLE? IT'S AN APPROPRIATE QUESTION. I DON'T KNOW IF THE CONVERSATION IS WHERE THAT TRUST CAN BE ENABLED. I THINK THAT, YOU KNOW, SETTING UP A TRUST THAT HAS A FUND IN REVENUE MECHANISMS THAT CAN SUPPORT THAT FUND AND THERE'S A AN OVERSIGHT BOARD THAT DETERMINES WHERE THOSE FUNDS CAN BE USED. I THINK THAT'S SEPARATE FROM THE CONVERSATION. YOU KNOW, I THINK THE DIFF HAS HERE'S A PROJECT HERE'S PROJECTED REVENUES. HERE'S THE BOND BOND GETS PAID, A PROJECT GETS DONE AND NOW IS ALL ABOUT EXECUTING ON THE THE PRIVATE DEVELOPMENT IN ORDER TO GET THOSE REAL ESTATE TAXES THAT CAN HELP PAY DOWN THAT BOND. I DON'T THINK IT CAN REALLY SET UP A FUND THAT JUST SITS THERE. YEAH, AND COMMITTEES DO YOU THINK THAT'S WHAT WHAT JIMMY KELLY TRIED TO DO YEARS AGO WHEN THE CONVENTION CENTER WAS GOING ON HE WAS LOOKING TO DO A SOUTH BOSTON SPECIFIC TRUST FUND THAT WOULD THAT WOULD HELP THAT COMMUNITY OVER THERE WITH THE LION'S SHARE OF WHAT WAS COMING IN FROM THE CONVENTION CENTER. BUT MENINO BLOCKED HIM ON THAT ONE AND IT DIDN'T HAPPEN. BUT BUT THAT'S IF SOUTH BOSTON HAD HAD SUPPORTS BACK THEN THERE MIGHT STILL BE SOME SOUTHIE PEOPLE IN SOUTHIE. THERE'S NO OF PEOPLE LEFT THERE. YEAH, THERE ARE SOME BUT YOU KNOW NOT I'M GETTING PAST IT. KEVIN , THANK YOU. THANK YOU FOR COMING OUT. AND YOU DIDN'T MENTION YOUR DISCUSSION AT MY HOUSE IS A TEN MILLION DOLLAR CONTRIBUTION TO OMAHA THAT'S OVER AND ABOVE ALL OF THIS THAT'S NOT TIED INTO ANY DIFF THAT'S NOT TIED INTO ANY IDP THAT'S NOT TIED INTO ANYTHING BUT A CONVERSATION BETWEEN YOUR ORGANIZATION AND MARJAH. THAT'S RIGHT. OK, YEAH. SO NOW WE GOT TO FIGURE OUT HOW WE BUILD THE UNITS THAT THE PEOPLE TO GET IN THE GRANTS FOR FIRST TIME BUYERS CAN CAN GET INTO THAT'S THE PROBLEM. MY MY CONCERN IS THAT TEN MILLION DOLLARS IS GOING TO ALL BE SPENT OUTSIDE OF THE CITY. I MEAN GOOD FOR THE PEOPLE THAT ARE ABLE TO FIND HOUSES WHEREVER THEY FIND THEM BUT THAT'S WHAT I THINK'S GOING TO HAPPEN. HOW CAN WE GET LINKAGE INTO THE HANDS OF DEVELOPERS AS QUICK AS WE CAN? RIGHT. WELL AND AGAIN THAT'S A CONVERSATION ABOUT DIRECT DESIGNATION IF WE HAVE BIG MONEY GOING INTO IT. NOW IF I TALKED ABOUT THE HOUSING TRUST IN THE JOBS TRUST, I I'VE SAT ON BOTH OF THEM. I THINK WE NEED TO TAKE MORE THAN YOU KNOW IN THE JOBS TRUST IS FIFTY THOUSAND FIFTY THOUSAND ALL AROUND THE WHOLE ALL AROUND THE WHOLE CITY. WE NEED TO INVEST MILLIONS A COUPLE MILLION INTO BUILDING THIS COUPLE MILLION TO BUILD THAT HOUSING TRUST EVEN MORE. LET'S TAKE THE TEN MILLION WE'RE GETTING THIS YEAR AND BUILD ONE ONE BUILDING THAT HAS FORTY ON IT. WELL YOU WOULDN'T GET FORTY UNITS FOR TEN MILLION THAT WOULD BE THAT WOULD BE A MIRACLE. BUT YOU KNOW WHAT I'M SAYING WE NEED TO SHOW IF WE'RE FRONT LOADING THESE PROJECTS NOW WE CAN SELL THEM AT SUBSTANTIALLY BELOW MARKET FOR THOSE FIRST TIME BUYERS. MAYBE THAT'S PART OF A DIFF A DIFF IN IN THIS HERE TO WHERE WE TIE ON REAL MONEY THAT WILL GO WILL GO TOWARDS BUILDING UNITS INSTEAD OF BUREAUCRACIES . MAN SURE I I ACTUALLY FOLLOW THE HEARING ORDER TO DISCUSS RENT TO OWN PROJECTS AND AFTER SOME RESEARCH WE FOUND A MODEL THAT COULD POTENTIALLY WORK IN MASSACHUSETTS. THE IDEA IS TO DO EXACTLY THAT TO LOOK AT HOW WE CAN LOOK AT FUNDING FOR PROJECTS WITH DEVELOPERS IN ORDER TO BUILD THIS PATHWAY TO HOMEOWNERSHIP AND IF WE'RE IF THEY'RE RENTERS THEN SOME SORT OF NONPROFIT PARTNERSHIP WOULD BE REQUIRED IN ORDER FOR IT TO BE IN ORDER TO MANAGE THAT TRANSITION RIGHT . GOING FROM USING RENTAL CREDIT PAYMENTS AS CREDIT AS WELL AS LOOKING AT ALTERNATIVE TO PREDATORY PREDATORY LENDING, LOOKING AT BETTER LOANS BUT ALSO AS TO TO BAKKIES POINT THIS PROJECT WOULD WE WOULD HAVE ALREADY FUNDED A PORTION OF IT A HUGE PORTION OF IT SO IT WOULD THE BURDEN WOULDN'T BE ON THE DEVELOPER TO TRY TO MAKE OR SQUEEZE SOME SORT OF PROFIT OUT OF IT OUT OF THEIR PROJECT. THEY WOULD INSTEAD BE MORE INCLINED OR INCENTIVIZED TO SELL IT AT A LOWER RATE BECAUSE THEY COULD THEY COULD STILL MAKE PROFIT. I MEAN AS A BUSINESS PERSON YOU'RE NOT A DEVELOPER NOT TO MAKE PROFIT THAT WOULD MAKE ANY SENSE. AND SO HOW COULD WE PARTNER WITH PRIVATE DEVELOPERS TO DO THAT? SO I'M ALSO HOPING TO SEE THAT IN ROXBURY I DID USE THE THEATER AS AN EXAMPLE OF WHEN YOU WHEN YOU ASK FOR CAPITAL PROJECT HOW IT JUST GOES AND YOU SORT OF DIE SOMEWHERE IN A CORNER BUT IT'S ESSENTIALLY WE'RE LOOKING AT A FEASIBILITY STUDY IN ADDITION TO THE ANTI DISPLACEMENT PROJECT THAT WE'VE DONE ALREADY. WE'VE SURVEYED AND ASSESSED AND LOOKED AT WHAT THE COMMUNITY WANTS BUT ALSO REALLY STUDY THE DEFICITS IN COMPARISON TO THE ASSETS IN ROXBURY TO UNDERSTAND WHAT WOULD ACTUALLY BUILD QUALITY OF LIFE IN ROXBURY. SO WE HAVE A VERY COMPREHENSIVE HOPEFULLY VERY REASONABLE APPROACH TO THIS. WE'RE LOOKING TO BALANCE PEOPLE'S WAY OF LIFE BUT ALSO REDISTRIBUTING THE RESOURCES SO IN ROXBURY THE DOLLARS CAN STAY THERE. YOU COULD SHOP THERE, YOU CAN LIVE THERE. YOU THRIVE THERE. YOU CAN DECOMPRESS YOUR STRESSORS BECAUSE YOU HAVE A PLACE TO GO AND JUST RELAX AFTER WORK, THAT KIND OF THING . SO AGAIN, I AM EXCITED TO PARTNER WITH YOU IN THE FUTURE . I THANK YOU SO MUCH FOR YOUR TIME AND THANK YOU, MR CHAIRMAN FOR HOLDING THIS. YEAH, CONTACT ME OR ANYTHING ELSE. I JUST WANT TO UNDERSCORE AND THEN JUST GO ON THE RECORD SUPPORTING BOTH OF MY COLLEAGUES HERE AS WE CONTINUE TO HAVE THIS CONVERSATION. I THINK IT'S IMPORTANT FOR US TO BE FISCALLY RESPONSIBLE TO WRITE LIKE WE HAVE A LOT OF ASPIRATIONS AND BUT YOU KNOW WHAT I AM LEARNING IS SOMETIMES WHAT WE WANT TO DO WE CAN'T DO IN THIS MOMENT. SO I'M ALWAYS TRYING TO FIGURE OUT WHAT WHAT CAN WE DO TO GET US CLOSER TO WHERE WE NEED TO BE. AND I THINK THAT THAT'S ALWAYS THE BALANCE THAT I'M TRYING TO STRIKE AS WE CONTINUE TO MOVE THROUGH ALL OF THESE CONVERSATIONS BECAUSE AT THE END OF THE DAY, YOU KNOW, I JUST I DON'T THINK WE'RE ASKING FOR TOO MUCH BUT IT ALWAYS FEELS LIKE WE ARE. AND I THINK THE THE GOAL HERE AT LEAST FOR ME IS TO FIGURE OUT WHAT IS THE THE RIGHT BALANCE OF GETTING US TO WHERE WE NEED TO BE WITHOUT UPSETTING AS MANY PEOPLE AS POSSIBLE, WHICH IS THE HARDEST THING TO DO IN THE WORLD OF POLITICS. BUT I DO THINK THAT THESE SORT OF IDEAS GET US TO GET US CLOSER TO THAT SORT OF LIKE WIN WIN SITUATION WHERE EVERYONE FEELS SEEN AND HEARD AND VALIDATED. SO I REALLY DO APPRECIATE YOU ALL AND THE EFFORTS THAT YOU HAVE MADE THROUGH NAVIGATING THIS PROCESS AND TO MY COLLEAGUES FOR BRINGING THIS FORTH, I LOOK FORWARD TO NOT ONLY SUPPORTING IT BUT YOU ALREADY KNOW I HAVE A BIG MOUTH SO I'LL BE AMPLIFYING IT AS EVER YOU SEE FIT. THANK YOU. THANK YOU COUNCILMAN . HERE AND KEVIN , THANK YOU FOR STAYING WITH US. YOU WERE INVOLVED IN A LOT OF THINGS THAT ARE OUTSIDE YOUR PURVIEW ON THIS SO I APPRECIATE IT. THANK YOU. AND GOOD JOB IN YOUR WORK YOU DID WITH WITH WITH OUR INDEF THERE HOPEFULLY WE CAN GET SOME CONSENSUS AND MOVE IT ALONG FOR THE TIME AND THE APPROPRIATE TIME SO WE CAN ACTUALLY CAPTURE THIS AND DO THIS. WITH THAT BEING SAID I DON'T SEE ANYBODY FOR PUBLIC TESTIMONY. IS THERE ANYBODY ON ZOOME FOR PUBLIC TESTIMONY. NOBODY ON ZOOME WITH THAT AGAIN KEVIN THANK YOU AND THANK THE ADMINISTRATION FOR FOR YOUR BOARD AND THANK YOU FOR YOUR BOARD. YOU BROUGHT OUT THIS HEARING JOURNAL