Feb 04, 2026 Economic Development Commission

CALL THE MEETING TO ORDER.

[CALL TO ORDER]

[00:25:06]

WHY

[00:25:06]

DON'T

[00:25:06]

HAVE YOU HELLO EVERYONE.

GREAT TO SEE EVERYONE.

OH, WE HAVE A FULL HOUSE TONIGHT.

SO RO IS ON HIS WAY TOO.

SO, UM, WE WILL HAVE ALL THE COMMISSIONERS HERE.

UM, SO WHY DON'T WE GO AHEAD AND, UM, READ THE ROLL CALL.

[ROLL CALL]

COMMISSIONER SANDOVAL.

AND, UM, COMMISSIONER SANDOVAL IS ON HIS WAY.

THANK YOU, COMMISSIONER NEVIN.

SO FIRST OF ALL, BEFORE WE START THE MEDIA, I WANNA WELCOME OUR NEW COMMISSIONERS, COMMISSIONER MILES NEVIN.

UM, SO I'M GONNA HAVE EACH OTHER INTRODUCE THEMSELVES AND ALSO COMMISSIONER ANDY PEREZ.

SO, MILES, WHY DON'T YOU GO AHEAD AND SHARE SOMETHING ABOUT YOURSELF.

WELL, THANK YOU.

I FIRST WANT TO CONGRATS YOU ALL ON HAVING BOTH A NOVIN AND A NEVIN ON YOUR COMMISSION, SO THAT'S NOT GONNA BE CONFUSING AT ALL.

UM, WE GO WAY BACK.

BUT, UH, HAPPY TO BE HERE AND TO SERVE THE CITY.

UM, THIS WILL BE MY, I THINK, FOURTH COMMISSION SERVICE TOUR OF DUTY.

UH, BUT I'M EXCITED ABOUT THIS ONE.

I CURRENTLY WORK, UM, IN THE ECONOMIC DEVELOPMENT AUXILIARY AND BUSINESS ENTERPRISES, UH, AREA OF CAL STATE LONG BEACH, AND AM INTERESTED IN FURTHER CONNECTIONS BETWEEN THE BROADER COMMUNITY AND THE CAMPUS AND ALL THINGS WORKFORCE AND ECONOMIC DEVELOPMENT.

AND I'M ALWAYS HAPPY TO DO WHATEVER VIVIAN TELLS ME TO DO.

AND SHE ASKED ME TO THROW MY HAT IN THE RING FOR THIS.

SO JUST HAPPY TO BE HERE AND THANK YOU VERY MUCH.

AND AS MANY OF YOU KNOW, UM, HE HAS AN EXPERTISE IN EDUCATION.

HE'S ALSO WORKED WITH GOVERNMENTS, UM, AND, YOU KNOW, UM, REALLY WORKED CLOSELY WITH OUR COMMUNITY.

SO THANK YOU FOR BEING ON THE COMMISSION, AND WE APPRECIATE THAT.

OKAY, COMMISSIONER PEREZ.

THANK YOU, MADAM CHAIR.

IT'S A PLEASURE TO BE HERE.

ANDY PEREZ, MY BOSS IS SUPERVISOR JANICE HANH AND NI HANDEL ECONOMIC DEVELOPMENT, LABOR RELATIONS REAL ESTATE, EI, FDS, ALL KINDS OF FUN STUFF.

AND IT'S, IT, AGAIN, I'VE BEEN ON PLANNING BEFORE A COUPLE OTHER COMMISSIONS.

IT'S GOOD TO BE HERE.

THIS WILL BE MY FAVORITE ONE, I PROMISE.

WELCOME TO COMMISSIONER PEREZ.

WE'RE REALLY HAPPY TO HAVE HIM HERE.

I THINK MANY OF YOU'VE SEEN HIM IN THE COMMUNITY.

UM, HE ALWAYS HAS THAT REALLY GREAT ENERGY FOR GETTING THINGS DONE.

AND SO, UM, WE'RE LOOKING FORWARD TO WORKING WITH YOU.

SO THANK YOU FOR MAKING THE TIME TO BE ON OUR COMMISSION.

AND WE WILL BE HAVING LIKE, AN INTRODUCTORY SESSION FOR OUR NEW COMMISSIONERS.

AND, UM, IF THERE ARE ANY COMMISSIONERS WHO WANT TO, UH, PARTICIPATE, JUST GETTING THE INFORMATION, ALSO, UM, YOU'LL BE, THAT'LL BE AVAILABLE TO YOU.

ITEM ONE RECOMMENDATION TO APPROVE THE MINUTES FOR THE ECONOMIC DEVELOPMENT COMMISSION MEETING OF WEDNESDAY, JANUARY 7TH, 2026.

UM, WHY DON'T WE MOVE ON TO THE REGULAR AGENDA.

YOU WANNA READ OUT RECOMMENDATION NUMBER ONE,

[1. 26-54181 Recommendation to approve the minutes for the Economic Development Commission meeting of Wednesday, January 7, 2026. Suggested Action: Approve recommendation. ]

COULD I HAVE A MOTION AND A SECOND? I MOTION SECOND.

ARE YOU ABLE TO SEE IT ON YOUR TABLETS? IT'S, YES.

SO WE HAVE A MOTION BY COMMISSIONER MORTOYA AND A SECOND BY COMMISSIONER NOVIN.

UM, ANY QUESTIONS OR ANY, EXCUSE ME, CHAIR.

I, I THINK, I THINK IT MIGHT BE REVERSED.

I THOUGHT, UH, COMMISSIONER MATOYA WAS THE SECONDER OF THE MOTION.

YEAH, I WAS THE SECONDER OF THE MOTION, BUT IT'S, I VERBALLY DID IT.

THE SCREEN IS DOING SOMETHING DIFFERENT.

OH, WAS IT COMMISSIONER SMITH? DID YOU DO I FIRST MOTION AND THEN AUSTIN'S 'CAUSE IT'S LAGGING ON OUR SCREENS.

SO IT WAS COMMISSIONER SMITH THAT MADE THE MOTION.

AND COMMISSIONER MONTOYA THAT DID THE SECOND.

ARE THERE ANY QUESTIONS, CORRECTIONS, COMMENTS ON THE MINUTES? OKAY.

HEARING NONE AND SEEING NONE.

IS THERE ANY PUBLIC COMMENT ON THE MINUTES? THERE ARE NO MEMBERS OF THE PUBLIC FOR PUBLIC COMMENT.

CAN TAKE VERBALS DOWN THE LINE.

UM, SO DO YOU WANNA DO THE ROLL CALL FOR APPROVAL? UH, YES.

LET ME TRY SOMETHING REAL QUICK AND SEE IF YOU SEE IF, YEAH.

DID THAT WORK FOR SOME OF US? OUR VOTE CAST ISN'T WORKING.

OKAY, NO PROBLEM.

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I SEE IT HERE.

WHY DON'T WE MOVE ON TO RECOMMENDATION NUMBER TWO.

COULD YOU PLEASE READ THAT OUT? ITEM TWO.

RECOMMENDATION

[2. 26-54182 Recommendation to receive and file a presentation on the Enhanced Infrastructure Financing Districts (EIFDs) presented by Economic Development & Opportunity Department and Kosmot Companies. Suggested Action: Approve recommendation. ]

TO RECEIVE AN IOA PRESENTATION ON THE ENHANCED INFRASTRUCTURE FINANCING DISTRICTS PRESENTED BY ECONOMIC DEVELOPMENT AND OPPORTUNITY DEPARTMENT AND COSMO COMPANIES.

COULD I HAVE A MOTION FOR THIS ITEM? OKAY.

I HAVE A, A MOTION FROM COMMISSIONER SMITH AND A SECOND FROM COMMISSIONER NORDIC.

UM, I'M GONNA TURN IT OVER TO YOU FOR THE PRESENTATION.

I WANNA THANK YOU FOR BEING HERE, AND WE'RE LOOKING FORWARD TO HEARING MORE ABOUT EI, FDS.

THANK YOU CHAIR.

UH, COMMISSIONER BEAU MARTINEZ, UH, DIRECTOR OF ECONOMIC DEVELOPMENT AND OPPORTUNITY.

UH, THANK YOU FOR GIVING US AN OPPORTUNITY TO PRESENT THE E-I-F-E-I-F-D.

IT'S A MOUTHFUL, RIGHT? ENHANCE INFRASTRUCTURE FINANCING DISTRICTS.

UM, AS YOU ALL KNOW, UM, LONG BEACH IS AT A VERY IMPORTANT INFLECTION POINT, AND WE ARE GROWING GLOBALLY CONNECTED WITH THE SIGNIFICANT INFRASTRUCTURE NEEDS WITH LIMITED TRADITIONAL, UH, RESOURCES TO DO, TO, TO CONTINUE TO MAINTAIN OUR CITY.

AT THE SAME TIME, WE HAVE A MAJOR OPPORTUNITY WHERE IN AREAS WHERE WE CAN, UH, FOCUS ON SMART TARGETED INVESTMENTS IN TRANSPORTATION, MOBILITY, PARKS, OPEN SPACE INFRASTRUCTURE TO AFFORDABLE HOUSING, AND WE CAN UNLOCK THESE ECONOMIC GROWTH AND INVESTMENTS BY CONTINUING TO DELIVER HIGH QUALITY COMMUNITY AMENITIES, PLACEMAKING AND IMPROVE THE QUALITY OF LIFE.

EVERYTHING THAT OUR RESIDENTS, VISITORS, AND BUSINESSES, NOT ONLY EXPECT OF US, BUT ENJOY WITH THE CITY OF LONG BEACH.

THE ECONOMIC INFRASTRUCTURE FINANCE DISTRICTS ARE ALSO KNOWN AS E IDS GIVE US A MODERN, LOCALLY CONTROLLED TOOL TO MEET THIS MOMENT WITHOUT RAISING TAXES.

SO WHY SHOULD LONG BEACH DOING THIS? WHY SHOULD WE BE DOING THIS? EIDS HELP US ENSURE TO CAPTURE VALUE FROM NEW DEVELOPMENT AND PRIVATE INVESTMENTS TO FUND TARGETED CRITICAL INFRASTRUCTURE AND COMMUNITY INVESTMENT PRIORITIES FOR A CITY OF LIKE LONG BEACH WITH OUR PORT AIRPORT, OUR WORLD CLASS WATERFRONT TRANSIT CORRIDORS, AND ADVANCED MANUFACTURING RESEARCH AND DEVELOPMENTS AREAS SUCH AS SPACE SPEECH, OUR DIVERSE AND UNIQUE NEIGHBORHOOD AND COMMERCIAL CORRIDORS.

THIS TOOL GIVES US AN OPPORTUNITY TO ENHANCE AND LEVERAGE PARTNERS WITH THE COUNTY OF LOS ANGELES AND OTHERS.

AND WITH THAT, I'D LIKE TO INTRODUCE, UH, JOSEPH DIEGO WITH COSMIC COMPANY, WHO'S GONNA PRESENT AN E-F-D-E-F-D ANALYSIS, FINDINGS AND SUMMARY, INCLUDING, UH, UH, TARGETED AREAS AND WHAT, WHAT ALL, ALL THIS MEANS FOR THE CITY GOING FORWARD.

A CITY WOULD GET MORE BANG FOR ITS BUCK IF A PARTNER COMES IN, SUCH AS THE COUNTY OF LOS ANGELES, ESSENTIALLY MATCHING WHAT THE CITY IS WILLING TO ALLOCATE.

BE AND GOOD AFTERNOON CHAIR COMMISSIONERS.

JOE DIEGOS HERE WITH COSMO, PRIVILEGED TO BE ADVISOR TO THE CITY OF LONG BEACH, AND THIS EVALUATION OF THESE, THESE TOOLS.

AND THEN IF THE CONVERSATION MOVES FORWARD POSITIVELY, THEN THE ACTUAL IMPLEMENTATION AND SORT OF TAKING IT TO THE FINISH LINE.

UH, AS, AS BO MENTIONED, THIS IS A CONVERSATION ABOUT AN, AN INFRASTRUCTURE FUNDING AND FINANCING TOOL.

UH, AT THE CRUX OF IT IS, IS WHAT IS KNOWN AS TAX INCREMENT FINANCING OR TIFF FOR MEMBERS OF THE COMMISSION THAT WE'RE INVOLVED WITH THE OLD REDEVELOPMENT AGENCIES IN CALIFORNIA PRIOR TO 2012.

SOME OF THIS WILL, WILL SOUND FAMILIAR, BUT THERE ARE SOME, UH, SOME KEY DIFFERENCES WHICH I WILL COVER.

UH, IT'S SORT OF A NEW WORLD POST REDEVELOPMENT IN CALIFORNIA.

THE SET OF TOOLS, THE, THE EIFD, IT'S SOMETHING THAT THE CITY COULD IT, UH, IMPLEMENT ON ITS OWN IF IT SO CHOOSES.

UH, BUT IT'S ALSO A TOOL THAT WOULD BENEFIT FROM A TAXING ENTITY PARTNERSHIP, SUCH AS BETWEEN THE CITY AND THE, THE COUNTY OF LOS ANGELES.

UH, NOT TO GET SO FAR AHEAD OF OURSELVES, BUT IF THE CONVERSATION CONTINUES, YOU KNOW, BEYOND TODAY, THAT IS A NEXT STEP TO APPROACH THE COUNTY IN, UH, IN SOME DISCUSSIONS ABOUT POTENTIAL PARTNERSHIP WITH THE CITY.

ALONG THESE LINES, WE'LL COVER A LITTLE BIT ABOUT SOME OF THE FUNDAMENTALS, THE SORT OF TIFF AND EIFD 1 0 1, AND THEN CERTAINLY ABOUT THE WAY THE EVALUATION WAS CONDUCTED WITHIN LONG BEACH.

SO THOSE TAX INCREMENT FINANCING, AGAIN, SOME MAY BE FAMILIAR WITH THE OLD REDEVELOPMENT AGENCIES, UH, THAT ALSO USE TAX INCREMENT FINANCING, OR IT MAY BE NEW FOR SOME OF THE COMMISSIONERS.

UH, THE, THE CRUX OF IT IS A SPECIFIC BOUNDARY IS DESIGNATED WITHIN THE CITY.

AND THEN AS, AS PROPERTY VALUE GROWS BEYOND THE TIME THE DISTRICT WAS FORMED, WHETHER IT'S FROM BRAND NEW GROUND UP DEVELOPMENT OR JUST REHAB OF UNDERUTILIZED PROPERTIES, WHAT THE TOOL ALLOWS, UH, THE CITY TO DO IS APP PORTION, A PIECE OF ITS FUTURE PROPERTY TAX REVENUE JUST WITHIN THAT BOUNDARY.

UM, AND AS, AS HINTED AT IN THE INTRO,

[00:35:01]

WE OFTENTIMES USE A RETIREMENT ACCOUNT ANALOGY WHERE THIS IS SORT OF PUTTING ASIDE A PIECE OF A FUTURE PROPERTY TAX PAYCHECK, AND THE CITY CAN BE THE EMPLOYEE AND THE ANALOGY.

AND THE COUNTY IS SORT OF AN EMPLOYER WHERE THE EMPLOYER COULD MATCH AT SOME LEVEL THE ALLOCATION OF THE CITY INTO THIS INFRASTRUCTURE, QUOTE UNQUOTE RETIREMENT ACCOUNT.

AND IT'S ALL, UH, TEMPORARY.

IT HAS TO HAVE A PREDETERMINED NUMBER OF YEARS IN TERMS OF DURATION.

AND, UH, WE'VE FORTUNATELY SEEN, UH, SOME PRECEDENT FOR CITY COUNTY PARTNERSHIPS AND MANY OF THEM HERE WITHIN LOS ANGELES COUNTY.

SO, VERY IMPORTANTLY, IT'S PROBABLY A POINT, POINT I'LL, I'LL REPEAT THIS, IS NOT ACTUALLY ADDING A NEW TAX, UH, PROPERTY OWNER OR RENTER OR BUSINESS.

THEY SEE NO DIFFERENCE ON THEIR BILL.

THIS IS REALLY AN APPORTIONMENT ON THE PART OF THE PUBLIC AGENCY OF FUTURE PROPERTY TAX REVENUES THAT WOULD OTHERWISE GO INTO GENERAL FUND.

THERE ARE SPECIFIC RULES THAT GOVERN E IFDS, SPECIFICALLY AS A FORM OF TAX INCREMENT FINANCING.

THEY ARE LONG-TERM IN NATURE.

THEY CAN BE UP TO 45 YEARS OR MORE.

YOU CAN CHOOSE TO MAKE THESE SHORTER, BUT THAT'S THE MAXIMUM.

GOVERNANCE IS KEY HERE.

UH, AND THIS ISN'T A DIFFERENCE BETWEEN THESE TOOLS TODAY AND THE OLD REDEVELOPMENT AGENCIES.

A NEW ENTITY IS SET UP A NEW LEGAL ENTITY, A NEW BROWN ACT ENTITY CALLED THE PUBLIC FINANCING AUTHORITY.

AND IT'S THAT ENTITY'S JOB TO OVERSEE THE FORMATION OF THE, THE DISTRICT AS WELL AS THE ONGOING IMPLEMENTATION.

AND IMPORTANT IN THAT IS THE COMPOSITION OF THE BOARD, THE SO-CALLED PUBLIC FINANCING AUTHORITY BOARD.

IT DEPENDS ON WHO'S PARTICIPATING.

SO IF THE COUNTY IS A PARTNER TO THE CITY, THERE IS REPRESENTATION ON THAT BOARD FROM BOTH THE CITY COUNCIL AS WELL AS THE COUNTY BOARD OF SUPERVISORS.

AND IN ANY CASE, THERE ARE AT LEAST TWO MEMBERS OF THE PUBLIC THAT SIT ON THAT BOARD.

SO THAT'S IMPORTANT.

AND THIS BODY IS IN CHARGE OF DIRECTING THE PREPARATION OF A PLAN, THE SO-CALLED INFRASTRUCTURE PLAN, INFRASTRUCTURE FINANCING PLAN.

AND THAT PLAN HAS TO SAY, YOU KNOW, WHAT ARE YOU GONNA DO WITH THE MONEY? WHAT'S THE TIME HORIZON? WHAT'S THE CORRESPONDING FISCAL IMPACTS TO EACH PARTICIPATING ENTITIES GENERAL FUND? SO THERE ARE GUARDRAILS IN PLACE, AND IT'S THAT PLAN THAT IS REQUIRED TO BE VETTED QUITE PUBLICLY OVER A SERIES OF PUBLIC MEETINGS AND HEARINGS.

THEY'RE SPACED OUT AT LEAST 30 DAYS APART.

THEY'RE DULY NOTICED BY MAIL, BY NEWSPAPER, BY WEBSITE.

AND IT'S PRETTY DELIBERATELY REPETITIVE.

UM, IT'S, IT'S MEANT TO BE SORT OF A FAR CRY FROM SOME OF THE CLOAK AND DAGGER CRITICISMS OF REDEVELOPMENT AGENCIES.

YOU'VE GOTTA VET YOUR PLANS ON WHAT YOU PLAN TO USE THE TOOL FOR OVER AND OVER AGAIN IN A VERY PUBLIC SETTING, ALLOWING FOLKS TO COMMENT.

AND AT THE LAST PUBLIC HEARING, THERE'S, THERE'S NO VOTE TO FORM THESE 'CAUSE IT'S NOT CHANGING ANYBODY'S TAXES.

BUT THERE IS AN OPPORTUNITY TO PROTEST BY LANDOWNERS AND RESIDENTS WITHIN THE BOUNDARY SO THAT NO ONE HAS TO COME OUT AND VOTE YES.

BUT THERE'S AN OPPORTUNITY TO COME OUT AND SAY NO, IF FOLKS DON'T LIE.

LIKE ANY ASPECT OF THE PLAN, JUST THE CONCEPT OF TAX INCREMENT, THE PROCESS BY WHICH THE TOOL WAS PUT IN PLACE, REALLY ANY OF THAT CAN BE PROTESTED.

SO IT'S SORT OF A, A CHECKS AND BALANCE SYSTEM.

THERE'S A LONG LIST IN THE LAW, THE STATUTE, IT'S LIKE 21 BULLET POINTS TODAY.

IT FEELS LIKE ANOTHER BULLET POINT GETS ADDED EVERY LEGISLATIVE SESSION, UM, INCLUDING WHAT'S ON THIS PAGE AND OTHERS.

SO WE SAY IT'S BROADLY AN INFRASTRUCTURE AND AFFORDABLE HOUSING TOOL.

AND THEN THERE ARE, YOU KNOW, LOTS OF SPECIFIC CALL OUTS WITHIN THAT.

WATER, SEWER, PARKS, TRANSIT, REMEDIATION OF CONTAMINATED LAND, BROADBAND INTERNET INFRASTRUCTURE, CLIMATE RESILIENCE INFRASTRUCTURE TO THE FAR BOTTOM RIGHT HERE WAS ONE OF THE NEWER ADDITIONS.

ITS FACILITIES UTILIZED BY SMALL BUSINESSES AND NONPROFITS.

SO IT KIND OF REINTRODUCES THE WORLD OF THINGS LIKE FACADE IMPROVEMENT GRANTS, SIMILAR TO WHAT, UH, SOME OF THE FORMER REDEVELOPMENT AGENCIES USED TO FUND.

AND IN OUR EXPERIENCE AT COSMAN CITIES COUNTIES, THEY'RE GOING DOWN THIS PATH FOR FIRST AND FOREMOST, HONESTLY, JUST FOR RETURN ON INVESTMENT, DOLLARS AND CENTS, GENERAL FUND, NET FISCAL IMPACT.

IF YOU'RE NOT ACTUALLY CATALYZING A LEVEL OF GROWTH FASTER THAN WOULD'VE HAPPENED OTHERWISE OR MORE INTENSELY THAN WOULD'VE HAPPENED OTHERWISE, BRINGING WITH IT, YOU KNOW, NEW, NEW PROPERTY TAX, SALES TAX, OTHER REVENUES, UM, THEN WHY DO IT? AND SO IN OUR EXPERIENCE, THAT'S SORT OF TABLE STAKES.

YOU AT LEAST HAVE TO HAVE THAT, BUT THERE'S USUALLY MORE NEEDED.

SOMETIMES IT'S ABOUT JOB CREATION, SOMETIMES IT'S ABOUT HOUSING PRODUCTION, SOMETIMES IT'S JUST ABOUT SOLVING DEFICIENT INFRASTRUCTURE THAT NEEDS TO GET SOLVED SOMEHOW.

AND THE SECOND POINT ON HERE, WE THINK IS LESS OBVIOUS.

IT'S ALSO ABOUT BECOMING MORE ATTRACTIVE FOR OTHER DOLLARS.

AND THE, THE CLEAREST EXAMPLE IS AT THE, THE STATE LEVEL WITH GRANT PROGRAMS SPEC, ESPECIALLY THOSE AT THE HOUSING COMMUNITY DEVELOPMENT DEPARTMENT, HCD LEVEL, THINGS LIKE INFILL INFRASTRUCTURE GRANT, AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITY GRANT, TRANSFORMATIVE CLIMATE COMMUNITY GRANTS.

YOU'RE GETTING MORE POINTS ON ON H CD'S, YOU KNOW, PRO HOUSING SCORING RUBRIC EXPLICITLY IF YOU ARE A CITY OR A COUNTY THAT HAS AN EIFD IN PLACE.

SO YEAH, YOU'RE SETTING UP A REVENUE STREAM, YOU CAN

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BOND AGAINST IT.

THAT'S ALL WELL AND GOOD, BUT WE'D SAY YOU'RE NOT AN AGENCY'S NOT MAXIMIZING THE UTILITY OF THE TOOL IF IT'S NOT ALSO USING IT TO ATTRACT OTHER DOLLARS, ESPECIALLY GRANT DOLLARS.

SO THE SNAPSHOT TODAY, ABOUT 36 OF THESE FORMED ACROSS THE STATE.

YOU'VE GOT SOME CITIES GOING ALONE, SOME COUNTIES DOING THESE ALONE IN UNINCORPORATED JURISDICTION.

AND WE'VE GOT ABOUT 10 PARTNERSHIPS BETWEEN MULTIPLE PUBLIC AGENCIES LIKE CITIES AND COUNTIES IN ALL SHAPES AND SIZES, YOU KNOW, DIFFERENT FOCUSES ON, ON WHAT'S BEING PAID FOR.

WATER, SEWER, TRANSIT, HOUSING, JUST CORE, UM, YOU KNOW, NUTS AND BOLTS INFRASTRUCTURE WHERE THERE IS NO INFRASTRUCTURE LIKE IN THE CENTRAL VALLEY.

AND A LOT OF, WE SEE A LOT OF SORT OF TRANSIT AND HOUSING FOCUS IN SOME OF THE MORE URBAN COMMUNITIES, SUCH AS LOS ANGELES COUNTY.

SO TO LOOK AT WHAT A BOUNDARY FOR ONE OF THESE TOOLS COULD LOOK LIKE IN LONG BEACH, IT WAS A LOT OF, A LOT OF LAYERING OF DIFFERENT METRICS.

UM, THINGS LIKE JUST WHERE'S THE GROWTH COMING, WHERE'S THE VALUE THAT CAN BE CAPTURED FROM BRAND NEW GROUND UP DEVELOPMENT OR, OR REHAB OF UNDERUTILIZED PROPERTIES WHERE THE, WHERE'S THE GENERAL LAND, UH, GENERAL PLAN LAND USE DESIGNATION THAT ACTUALLY FACILITATES SOME OF THE HIGHER DENSITY GROWTH.

WHERE ARE THERE AREAS OF NEED THAT JUST NEED INVESTMENT? UM, WHERE ARE THERE SCAG PRIORITY GROWTH AREAS? WHERE ARE THERE OPPORTUNITY ZONES? OBVIOUSLY THAT'S, THAT'S CHANGING WITH OZ 2.0 TODAY, BUT JUST ON THIS PAGE ARE JUST EXAMPLES OF THE VARIOUS FACTORS THAT WERE LAYERED TO, TO, TO TRY TO OUTLINE A BOUNDARY WITHIN LONG BEACH.

THAT CAN MAKE SOME SENSE.

THE BOTTOM POINT ON THIS PAGE IS CRITICAL, AND PROBABLY ANOTHER ONE THAT I WILL REPEAT, PERHAPS COUNTERINTUITIVELY, THE BOUNDARIES ARE DRAWN SO THAT YOU'RE CAPTURING THE PARCELS WHERE THE VALUE IS GOING TO HAPPEN, WHERE THE INVESTMENT IS HAPPENING, THAT'S GONNA CREATE THE NEW VALUE.

IT IS NOT, HOWEVER, A LIMITER ON WHERE THE DOLLARS CAN BE SPENT.

SO SAID DIFFERENTLY.

THESE DISTRICTS CAN SPEND DOLLARS OUTSIDE OF THEIR BOUNDARY, SO LONG AS THERE'S SOME TANGIBLE BENEFIT TO THE PROPERTIES WITHIN THE BOUNDARY.

SO THERE ARE LOTS OF EXAMPLES OF THAT WE'VE BEEN SEEING.

SOMETIMES IT'S LIKE A WATER TREATMENT PLAN THAT'S ENTIRELY OUTSIDE OF THE BOUNDARY, BUT IT TREATS THE WATER FOR THE PROPERTIES WITHIN THE BOUNDARY.

THAT'S AN EXAMPLE.

WE'VE SEEN MORE FLEXIBILITY APPLIED TO THINGS LIKE PAYING FOR AFFORDABLE HOUSING THAT'S SORT OF WAY OUT HERE, BUT THERE'S A DEFENSIBLE POSITION THAT PEOPLE WHO WORK IN THE BOUNDARY COULD LIVE IN THESE AFFORDABLE HOUSING IMPROVEMENTS WAY OUT HERE.

SO IT'S FLEXIBLE IN THAT WAY AND, AND THAT'S AN IMPORTANT CONSIDERATION WHEN LOOKING AT BOUNDARY.

SO THE, UH, CALL IT THE DRAFT BOUNDARY TODAY, IT'S A LITTLE UNDER 5,000 ACRES.

WE'RE BREAKING IT UP INTO THESE SORT OF FIVE DESIGNATIONS, UH, THROUGHOUT THE CITY.

IT'S KIND OF EVERYTHING IN A COLOR ON THIS, ON THIS, UH, PAGE HERE.

AND, 'CAUSE IT'S NOT SUPER CLEAR IN OUR OPINION, WHEN YOU LOOK AT THIS PAGE, THERE ARE SOME PAGES IN THE APPENDIX THAT KIND OF ZOOM IN, IN EACH INTO EACH ONE OF THESE FIVE DISTINCT SUB AREAS.

ALL OF IT TOGETHER, IT'S ABOUT JUST UNDER 10% OF THE CITY IN TERMS OF ACREAGE.

IN TERMS OF TODAY'S ASSESSED PROPERTY VALUE, IT'S ABOUT 12% OF THE CITY.

AND, UH, HONESTLY, IT'S NOT, UH, SET IN STONE.

UH, A LOT HAS GOTTEN SORT OF WORK HAS GOTTEN INTO GETTING THE, THE BOUNDARIES WHERE THEY ARE TODAY.

BUT, BUT LEGALLY SPEAKING, YOU COULD SHRINK THE BOUNDARIES THROUGHOUT THE ACTUAL IMPLEMENTATION, THE ACTUAL PUBLIC MEETINGS AND HEARINGS.

BUT YOU CANNOT GROW THE BOUNDARY ONCE YOU'VE STARTED THE IMPLEMENTATION PROCESS.

AND A LOT OF THAT HAS TO DO WITH NOTICING THAT HAPPENS ALONG THE WAY.

AND YOU WANNA MAKE SURE ANYONE WHO'S INVOLVED HAS HAD THE BENEFIT OF ALL THE COMMUNICATIONS FROM THE VERY BEGINNING.

SO ADDING PARCELS LATER MEANS FOLKS MAY BE ADDED LATER THAT DIDN'T GET THE BENEFIT OF THE EARLIER COMMUNICATIONS.

SO, UM, THERE'S A SORT OF A RANGE AT HOW SPECIFIC VERSUS SORT OF BROAD AND ENABLING THESE, UH, THESE DISTRICTS AND THEIR INFRASTRUCTURE FINANCING PLANS ARE DRAFTED.

WE'VE GOT SOME OF THESE THAT ARE SUPER SPECIFIC, LIKE IN PLACENTIA AND ORANGE COUNTY.

THE WHOLE EIFD IS JUST ABOUT A $10 MILLION STREET SCAPE AND IMPROVEMENT PLAN.

AND WE'VE GOT SOME OF THESE IN LIKE FRESNO AND SACRAMENTO THAT ARE JUST, HERE ARE SOME CATEGORIES OF THE TYPES OF THINGS WE WANNA PAY FOR.

AND WE'LL SORT OF FIGURE IT OUT ALONG THE WAY AS MORE INFORMATION BECOMES AVAILABLE.

WE'VE TRIED TO GET A START GOING HERE WITH, UH, PARTICULARLY ACROSS STAFF DEPARTMENTS, LOOKING AT WHAT ARE SOME CATEGORIES ON THE LEFT HAND SIDE OF THIS PAGE, AND THEN WHAT ARE SOME EXAMPLES, SPECIFIC INVESTMENT OPPORTUNITIES THAT WE CAN HIGHLIGHT ON THE, IN THE GREEN, ON THE RIGHT HAND SIDE OF THIS PAGE.

SO THEY'RE LISTED HERE, UM, ADDING UP, YOU KNOW, STAFF'S BEST ESTIMATE TODAY ON, ON UNFUNDED PORTIONS OF THESE PROJECTS, IT'S OVER 5 BILLION.

AND IT IS NOT THE INTENTION THAT EIFD ALONE CAN FULLY FUND ALL, OR PROBABLY EVEN MOST OF THESE PROJECTS.

IT'S NOT THE POINT, AS MENTIONED EARLIER, IT'S OFTENTIMES A PIECE OF A CAPITAL STACK FOR SEVERAL PROJECTS THAT FURTHER IMPROVES THE CITY'S ABILITY TO ATTRACT OTHER DOLLARS.

AND, UM, BETTER PRACTICE, WE WOULD SAY IS TO BE MORE INCLUSIVE AT THE OUTSET VERSUS LESS INCLUSIVE.

THE ONGOING ADMINISTRATION

[00:45:01]

AND AMENDMENT PROCESS FOR THESE, IT'S EASIER TO SUBTRACT THAN IT IS TO ADD NEW PROJECTS.

IT'S A LONGER PROCESS IN TERMS OF HEARING AND NOTICING.

IF YOU WANT TO ADD SOMETHING A FEW YEARS DOWN THE LINE, THAT WASN'T EVEN CONTEMPLATED CATEGORICALLY WHEN THE DISTRICT WAS FORMED.

UM, THIS COMMISSION IS PROBABLY WELL AWARE AND A LOT OF THE PUBLIC PRESENTATIONS WE DO SOMETIMES WE'RE THE ONES THAT HAVE TO EXPLAIN IF SOMEONE PAYS PROPERTY TAX IN LONG BEACH, THAT DOESN'T ALL GO TO THE CITY.

UH, IT'S, IT'S A CORE PART OF THE CONVERSATION FOR THESE TOOLS.

THE CITY GETS ABOUT 21 CENTS PER DOLLAR OF PROPERTY TAX PAID COUNTY GETS ABOUT 27 CENTS.

THIS IS SORT OF A WEIGHTED AVERAGE WITHIN OUR STUDY AREA, AND MOST OF IT GOES TO SCHOOL RELATED ENTITIES THAT COULDN'T PARTICIPATE IN THIS TOOL, EVEN IF THEY WANTED TO.

THEY WERE LEGALLY PROHIBITED FROM PARTICIPATING.

AND THAT'S WHY WE SEE A LOT OF THESE BE EITHER JUST CITIES, JUST COUNTIES OR CITIES AND COUNTIES.

AND, UH, AND UH, SO THAT'S THE WAY WE EVALUATED SCENARIOS, WHICH I'LL WALK THROUGH IN A MOMENT.

CITY ALONE.

AND THEN CITY AND COUNTY AS THE PRIMARY POTENTIAL PLAYERS.

SO LOTS OF DIFFERENT SCENARIOS, COMBINATIONS WERE PLAYED OUT SORT OF LOOKING AT TWO AT THIS STAGE, TRYING TO NARROW IT DOWN A SCENARIO WHERE THE CITY MIGHT ALLOCATE A QUARTER OF ITS FUTURE SHARE OF THE PROPERTY TAX REVENUE WITHIN THIS BOUNDARY.

AND THE COUNTY MAY, MIGHT, MIGHT MATCH THE CITY PERCENTAGE FOR PERCENTAGE.

UH, AND THEN A SCENARIO B HERE IS WHAT IF THE CITY ALLOCATED HALF OR 50% OF ITS SHARE OF THE FUTURE PROPERTY TAX AND IN SIMILAR FASHION, THE COUNTY ALLOCATED HALF OF ITS SHARE, BROADLY SPEAKING, WITHIN FIVE YEARS.

WHAT DOES THAT GET YOU? BETWEEN 32 AND $66 MILLION? THAT'S A COMBINATION OF WHAT TRICKLES IN YEAR ONE, YEAR TWO, YEAR, THREE, YEAR FOUR, YEAR FIVE.

AND, AND WHAT IF YOU ACTUALLY ISSUED BONDS IN YEAR FIVE BASED ON THE YEAR FIVE REVENUE STREAM? THAT'S THE WAY THESE NUMBERS ARE CALCULATED.

FIVE YEARS BEYOND THAT AT YEAR 10, THEN WE'RE IN THE RANGE OF 85 TO $171 MILLION.

AGAIN, WHAT TRICKLES IN OVER 10 YEARS PLUS WHAT COULD BE BONDED FOR BY YEAR 10? AND THEN BEYOND YEAR 10, WE WOULD EXPECT VALUES TO CONTINUE TO GROW WITHIN THAT BOUNDARY.

AND YOU COULD DO SUBSEQUENT BOND ISSUES AFTER YEAR 10.

YOU DON'T HAVE TO, OR YOU CAN DO THINGS JUST LIKE PLEDGING THE DOLLARS AS REIMBURSEMENT PERHAPS FOR, YOU KNOW, IT COULD EVEN BE PRIVATE SECTOR ENTITIES THAT ADVANCE INFRASTRUCTURE COSTS BEYOND THEIR FAIR SHARE AND MAYBE THEY JUST NEED REIMBURSEMENT.

SO THE, THE USE OF THE DOLLARS WILL GO, YOU KNOW, FOR THE FULL 45, 50 YEARS.

WHEN WE TRY TO EVALUATE TODAY WHAT'S A FULL 50 YEARS WORTH OF REVENUE STREAM WORTH TODAY IN TERMS OF PRESENT VALUE IN THESE SCENARIOS, THAT'S THAT 278 TO 556 MILLION.

WE USE THE PRESENT VALUE JUST BECAUSE IT, WE FIND IT'S A MORE REALISTIC WAY TO TALK ABOUT WHAT THE DOLLARS ARE REALLY WORTH TODAY.

NOTHING ELSE THAT ACCOUNTS FOR INFLATION.

IF WE DID NOT DO THAT, THAT DISCOUNTING, IF WE DID NOT TRY TO ACCOUNT FOR INFLATION, THE DOLLARS LOOK BIGGER TO THE FAR RIGHT, 714, 1 0.4 BILLION.

THAT'S JUST NOMINAL, NOT ACCOUNTING FOR INFLATION.

WE, WE PREFER NOT TO TALK IN THOSE TERMS. WE THINK IT OVERESTIMATES, YOU KNOW, HOW MANY DOLLARS YOU HAVE TO SPEND.

SO WE TALKED ABOUT POTENTIAL PARTNERSHIP BETWEEN THE CITY AND THE COUNTY.

THIS COUNTY WAS THE FIRST ACROSS THE STATE TO ADOPT A POLICY THAT WOULD GOVERN AT LEAST ITS EVALUATION OF PARTNERSHIP IN THESE TYPES OF DISTRICTS WITH CITIES.

THIS IS A COUNTY THAT HAS USED THIS POLICY FIVE TIMES SO FAR WITHIN THE COUNTY.

UM, HAVING SEEN SEVEN OTHER POLICIES ACROSS THE STATE, WE FIND THIS ONE TO BE VERY FAIR.

UH, YOU KNOW, THERE ARE BOXES THAT NEED TO BE CHECKED, THINGS THAT MAKE SENSE.

IT'S GOTTA BE A POSITIVE RETURN FOR THE COUNTY.

THEY'RE NOT GONNA GIVE MORE DOLLARS THAN THE CITY.

AND, UH, THERE ARE CERTAIN PRIORITIES, THINGS LIKE AFFORDABLE HOUSING THAT NEED TO BE PRIORITIZED.

SO IT'S, THERE'S ALWAYS STRINGS ATTACHED WITH EVERYTHING SORT OF IN LIFE.

AND THESE ARE THE STRINGS FOR THE COUNTY TO AT LEAST BE IN THE CONVERSATION WITH THE CITY FOR PARTNERSHIP.

THE KEY PART OF THE WHOLE, UH, VALUE PROPOSITION IS WHY DO IT? WHAT'S THAT RETURN ON INVESTMENT? AND SO A PORTION OF COSMOS ANALYSIS WAS QUANTIFYING THAT A NUMBER OF DIFFERENT WAYS, WHETHER IT'S HOUSING PRODUCTION, WHETHER IT'S, UM, JOB CREATION AND THE WAGES ASSOCIATED WITH THOSE JOBS, BOTH FROM KIND OF JUST CONSTRUCTION ACTIVITY, FROM BUILDING NEW THINGS AS WELL AS THE ONGOING OPERATION OF, OF NEW THINGS LIKE NEW COMMERCIAL, EVEN NEW RESIDENTIAL, UM, ANY NEW DEVELOPMENT THAT CAN BE CATALYZED WITHIN THE BOUNDARY.

AND THEN SORT OF THE BOTTOM THIRD OF THE PAGE IS JUST WHAT DOES IT MEAN FROM A GENERAL FUND PERSPECTIVE? IT'S A BIG ASK OF A CITY OR OF A COUNTY TO ENCUMBER A PIECE OF FUTURE PROPERTY TAX THAT WOULD OTHERWISE BE UNRESTRICTED.

YOU KNOW, IT JUST COULD BE USED FOR ANYTHING AND KEEP THE LIGHTS ON MUNICIPAL SERVICES.

AND GOES BACK TO THAT POINT, WHY DO IT IF YOU'RE NOT BETTER OFF ON A NET BASIS? AND SO THE ANALYSIS IS SHOWING THAT WITH THIS DRAFT BOUNDARY, THESE LEVELS OF ALLOCATION, THE NEW REVENUES THAT CAN BE GENERATED BY NEW DEVELOPMENT NET OF WHAT'S EVER CARVED OUT AND POTENTIALLY ALLOCATED TO THIS FINANCING DISTRICT.

AND THEN VERY IMPORTANTLY, NEW EXPENDITURES.

'CAUSE NEW DEVELOPMENT DOESN'T ONLY COME WITH REVENUES, IT ALSO COMES WITH EXPENDITURES NET OF NEW EXPENDITURES FOR THINGS LIKE

[00:50:01]

PUBLIC SAFETY AND PUBLIC WORKS, COMMUNITY SERVICES FROM THAT NEW DEVELOPMENT.

WHAT'S THAT TRUE BOTTOM LINE NET IMPACT? AND WE ARE FINDING THAT TO BE SIGNIFICANTLY POSITIVE AND THAT'S GOOD.

OR ELSE WE'D SAY, YOU KNOW, WHY GO DOWN THIS PATH? AND THEN THAT LAST BULLET POINT, WE'LL REPEAT IT AGAIN, IT IS ALSO ABOUT BEING ATTRACTIVE FOR THAT YET OTHER MONEY, THIRD PARTY FUNDING SUCH AS GRANTS.

SO THE POTENTIAL ROADMAP, IF THE CONVERSATION CONTINUES, THE THE LAW PRESCRIBES IN IN GREAT DETAIL, UM, MEETINGS THAT NEED TO BE HELD WHEN OUR COUNCIL ACTIONS NEEDED, WHEN WOULD A, A COUNTY BOARD OF SUPERVISORS ACTION BE NEEDED IF, UH, IF THEY WOULD BE A PARTNER? AND THEN THAT NEW ENTITY THAT GETS SET UP, THE PUBLIC FINANCING AUTHORITY HAS TO HAVE ITS OWN SET OF MEETINGS AND, AND HEARINGS.

AND THE, THE SORT OF PUNCHLINE IS IF IF THIS WERE TO CONTINUE, WE THINK IT'S REALISTIC TO SAY IN OCTOBER, CERTAINLY BEFORE CALENDAR YEAR END, THIS COULD BE A FULLY FORMED FINANCING DISTRICT AND ORDER TO BE AT THAT LAST MEETING AT LETTER I, WHERE THAT, WHERE THAT PROTEST OPPORTUNITY WOULD OCCUR.

UH, SO WE'RE IN THE MODE OF KIND OF BRIEFINGS, MAKING SURE THE COMMUNITY IS, IS KNOWLEDGEABLE, THIS COMMISSION OF COURSE, AND OTHERS, IF, UH, THE CONVERSATION CONTINUES, WE'RE THINKING A NEXT STEP WOULD BE, UH, INITIAL OUTREACH TO THE COUNTY TO HAVE A REAL DISCUSSION ABOUT POTENTIAL PARTNERSHIP.

AND WE FIND THAT'S KEY BEFORE SOMETHING LIKE THE FIRST ACTION, THE SO-CALLED RESOLUTION OF INTENTION COMES BEFORE A CITY COUNCIL FOR ANY ACTION.

'CAUSE IN OUR EXPERIENCE, THE CITY COUNCIL ALWAYS WANTS TO KNOW, WELL, IS THE COUNTY IN WITH US OR NOT? IS AT LEAST A MAYBE ANY QUESTIONS THAT WE NEED TO ADDRESS.

AND SO THE SORT OF PROPOSED PLAN IS SOME INITIAL COUNTY OUTREACH BEFORE ANY ACTION COMES TO THE FULL COUNCIL.

SO THAT'S IT FOR THE PREPARED PRESENTATIONS.

THERE ARE, YOU KNOW, APPENDIX SLIDES THAT WE CAN COME TO FOR ANY QUESTIONS THAT YOU MAY HAVE.

BUT, BUT THANK YOU FOR YOUR AUDIENCE.

THANK YOU SO MUCH.

THAT WAS A VERY COMPREHENSIVE, UM, OVERVIEW OF WHAT THE STEPS ARE MOVING FORWARD.

AND ALSO I KNOW THE COMMISSIONERS ARE GONNA HAVE QUESTIONS FOR YOU.

SO I WANNA THANK YOU AND, AND BO UM, FOR BRINGING THIS FORWARD WITH US.

COMMISSIONERS, DO YOU HAVE ANY QUESTIONS OR COMMENTS? OKAY, WE'LL DO COMMISSIONER LUNCH AND THEN COMMISSIONER PEREZ, THANK YOU FOR THE PRESENTATION.

AND UM, JUST ONE, UH, AREAS I WOULD WORRY ABOUT IT.

WHAT IF PROPERTY TAXES DO NOT GO UP, WE GO INTO A RECESSION FOR A COUPLE YEARS.

HOW ARE YOU GONNA ADDRESS THAT? SO, UH, THANK YOU COMMISSIONER.

SO IF THERE'S NO GROWTH, THEN NOTHING, IT'S ALLOCATED TO THE DISTRICT.

WE, WE HAD A QUESTION TO COME US COME TO US RECENTLY IN COUNTY OF HUMBOLDT, WHAT IF IT ACTUALLY GOES NEGATIVE? AND IT'S LIKE, DOES THE GENERAL FUND THEN HAVE TO LIKE SUBTRACT? DO THEY LOSE REVENUE? DO THEY HAVE TO, UM, PAY THE DISTRICT? SO ABSOLUTELY NOT.

THERE'S A BASELINE ESTABLISHED AT THE TIME OF FORMATION AND IT'S ONLY THE GROWTH BEYOND THAT BASELINE LEVEL THAT IS EVEN AVAILABLE TO BE ALLOCATED.

SO IF YOU HAVE A RECESSION, BY THE WAY, MOST OF THE TIME WHEN WE SEE THAT IT'S LIKE IT'S MORE FLAT.

WE DON'T SEE A LOT OF NEGATIVES UNLESS IT'S LIKE A MASSIVE REASSESSMENT.

THINGS LIKE OIL REFINERIES, THAT'S WHEN WE SORT OF GET AFRAID, UH, THE REASSESSMENTS, THAT'S WHEN THAT'S A, A BIG ISSUE.

AND THEN AGAIN, WHAT HAPPENS IS YOU'RE JUST NOT ALLOCATING, YOU'RE NOT LOSING MONEY, YOU'RE JUST NOT ALLOCATING REVENUE.

BUT IN THE CASE OF RECESSION, WE WOULD JUST EXPECT, YEAH, NO NEW REVENUE IS ALLOCATED AND IT'S FOR THAT REASON.

WHEN THINGS LIKE BOND ISSUANCES OCCUR, LET'S SAY A YEAR FIVE BOND ISSUANCE, IT'S NOT THE CASE LIKE IT IS IN SOME OTHER STATES WHERE YOU'LL ISSUE A BOND IN YEAR FIVE BANKING ON GROWTH IN YEAR SIX OR YEAR SEVEN.

THAT IS NOT THE WAY THESE ARE WORKING.

IT'S, YOU ISSUE A BOND IN YEAR FIVE BASED ON YEAR FIVE, REVENUE LEVEL DEBT SERVICE FOR WHATEVER THAT BOND AMORTIZATION PERIOD IS.

AND IF THERE'S GROWTH BEYOND THAT, WHICH WE WOULD EXPECT, THEN YOU CAN DO ANOTHER BOND AND BITE OFF ANOTHER CHUNK AND, AND THAT'S THE WAY THESE HAVE BEEN WORKING.

THANK YOU JOE, UM, FOR YOUR PRESENTATION.

AND BO I'M GLAD THAT YOU PICKED JOE AND COSMO.

THIS IS OUR FIFTH ONE NOW, EIFS IN THE COUNTY.

LAKEWOOD STARTED OFF WITH THE FIRST ONE TONIGHT AT FIVE O'CLOCK, THE CITY OF SANTA FE SPRINGS IS MEETING TO ADOPT THEIR RESOLUTION.

SO THEY BEAT US FOR THEIR, UM, EIFD DOWNIES IN THE WORKS AND SOME OTHERS.

BUT I JUST WANTED TO SAY, CAN YOU QUICKLY, JOE, JUST TALK ABOUT SOME OF THE THINGS THAT CHECK OFF THE BOX BEFORE THE COUNTY ROLLS OUT THE VIP CARPET, BECAUSE YOU'VE DONE SEVERAL MEETINGS WITH ALL THE BOARD OF SUPERVISORS AND WHEN WE'RE IN THOSE MEETINGS, YOU SHOULD SEE THE LOVE AND ALL THE DIFFERENT, I MEAN, IT'S BEEN NO TOUGH QUESTIONS, NO DRAMA BECAUSE ALL OF THE WORK IS DONE BEFOREHAND.

AFFORDABLE HOUSING, THE TOD TALK ABOUT THE UNDERGROUND UTILITIES, SAFETY ENHANCEMENTS, ET CETERA.

OF ITS SHARE FAR FROM IT.

THANK YOU COMMISSIONER.

SO THE, THE VERY OBJECTIVE ONES WE THINK ARE CLEAR BOX CHECKS, LIKE, UH, YOU KNOW, POSITIVE NET FISCAL IMPACT TO THE COUNTY GENERAL FUND, JUST LIKE TO THE CITY GENERAL FUND THAT HAS BEEN EVALUATED.

AND IT'S USUALLY IMPORTANT FOR US TO SAY THAT AT THE, THE MEETINGS OF THE BOARD AND, AND THE DEPUTIES, UH, THE PROPOSAL BEING PUT FORWARD IN THIS ANALYSIS IS THAT THE CITY IS ALLOCATING AT LEAST AS MUCH AS THE COUNTY, AGAIN, MAKES A LOT OF SENSE.

THE COUNTY'S NOT BEING ASKED TO GIVE A HUNDRED PERCENT

[00:55:01]

AND THEN ABSOLUTELY SOME OF THOSE MORE QUALITATIVE ONES FROM OUR WORK WITH THE COUNTY AND THE THINGS THAT WE'RE HEARING, THE, THE BOARD OFFICE IS PRIORITIZED, LIKE AFFORDABLE HOUSING, HOMELESSNESS PREVENTION, WORKFORCE DEVELOPMENT, SUSTAINABILITY.

IT'S LIKE LITTERED THROUGHOUT THIS LIST OF WHAT IS EVEN BEING CONTEMPLATED OF HOW THIS DISTRICT MIGHT BE USED, WHETHER IT'S THE CORE, YOU KNOW, SIDEWALK, STORM DRAIN, PUMP STATIONS, CLEAR EMPHASIS ON AFFORDABLE HOUSING, UM, CULTURAL CENTER.

SO, SO SORT OF SOCIAL BENEFITS AS WELL.

WE THINK THE QUALITATIVE BOXES ARE, ARE CHECKED QUITE WELL WITH THE TYPES OF IMPROVEMENTS BEING DISCUSSED, AT LEAST AT THE STAFF LEVEL THUS FAR.

UM, A KEY ONE.

SO AFFORDABLE HOUSING IS A TOUGH ONE FOR SOME OF THE OTHER COMMUNITIES THAT WE WORK IN.

NOT AT ALL EXPERIENCING THAT HERE IN LONG BEACH IN TERMS OF THE PRIORITY OF THAT, OF AFFORDABLE HOUSING WITHIN THIS COMMUNITY.

THE BUT FOUR TEST, THE BOTTOM ONE IS IMPORTANT, RIGHT? UH, THE COUNTY, AS YOU COULD EXPECT, THEY WANT TO KNOW THAT THEY'RE NEEDED.

SO IT'S ACTUALLY A PART OF THE COUNTY POLICY THAT THE LEVEL OF NEW INVESTMENT COULDN'T HAPPEN OR HAPPEN AS QUICKLY, BUT FOR THE PARTICIPATION IN THIS TOOL AND THE INFRASTRUCTURE INVESTMENT THAT THIS TOOL CAN DO.

AND IT'S CLEAR WHEN WE LOOK AT, UH, CITY'S GENERAL PLAN AND SOME OF THE FUTURE LAND USE THAT'S PLANNED THAT YOU NEED TO DO THIS STUFF.

IF THAT'S, IF, IF THOSE THINGS CAN EVEN HAPPEN, IF THE CORE, YOU KNOW, STORM DRAINAGE, INFRASTRUCTURE, PUMP STATIONS, ROADWAY IMPROVEMENTS ARE NOT THERE, YOU'RE NOT GONNA HAVE THAT GROWTH THAT'S AUTHORIZED BY THE GENERAL PLAN AND SPECIFIC PLANS BY.

SO THE BUT FOR TEST, WE THINK IS, IS, IS CLEAR AND COMPELLING IN THIS CASE AND, AND WE LOOK FORWARD TO MAKING THAT SORT OF PITCH TO THE COUNTY AUDIENCE WHEN THE TIME COMES.

HEY, COMMISSIONER MATOYER AND THEN COMMISSIONER HAWAS.

AWESOME.

UM, THANK YOU FOR THE PRESENTATION.

UM, AND I, I, YOU KNOW, FIRST OFF, UH, I'M REALLY EXCITED THAT THE, THE CITY HAS BEEN EXPLORING THIS AS AN OPPORTUNITY.

I THINK WE REALLY LOST, UH, UH, YOU KNOW, DESPITE ITS CHALLENGES, I THINK A GOOD TOOL WHEN IT CAME TO, TO REDEVELOPMENT AND RDA AND, AND THE POSITIVE IMPACTS IT HAD ON COMMUNITIES.

SO I'M GLAD WE'RE EXPLORING THIS.

I DID HAVE A QUESTION.

UM, BACK TO THE BOUNDARY, UM, AREAS THAT WERE BEING PROPOSED, YOU NOTED THAT, UM, ONE, THESE ARE AREAS OF POTENTIAL GROWTH WHERE, UM, THAT VALUE COULD BE CAPTURED, BUT THE FUNDS THAT ARE CAPTURED IN THAT SPACE DON'T NEED TO NECESSARILY GO BACK INTO THOSE DISTRICTS.

SO, UH, I, I JUST WANNA BE CLEAR, THE, THE DISTRICTS THAT ARE BEING PROPOSED UP HERE, THERE IS, UM, CONSIDERATION THAT THERE WILL BE GROWTH, LIKE I THINK ONE OF THESE IS SANTA FE CORRIDOR, LIKE THERE IS OPPORTUNITY THERE.

AND THEN TWO, UM, AT LEAST WITH THE FORMER REDEVELOPMENT, IT FELT LIKE THE FUNDS WERE BEING REINVESTED BACK INTO THOSE COMMUNITIES.

SO JUST CAN YOU TALK A LITTLE BIT MORE ABOUT THAT? UM, 'CAUSE I CAN SEE WHERE THERE'S A BIT OF COMPETITION.

WELL, WHY ARE FUNDS GOING FROM SANTA FE CORRIDOR TO CONTRIBUTE TO SOMETHING ELSE? YEAH, THANK YOU.

THANK YOU COMMISSIONER.

SO, ABSOLUTELY RIGHT.

UM, EVEN, YOU KNOW, WEST LONG BEACH, YOU KNOW, WEST, UH, SANTA FE CORRIDOR AND OUR EVALUATION DOES APPEAR THAT THERE'S GROWTH, BUT IMPORTANTLY NOT GROWTH THAT CAN JUST HAPPEN, HAPPEN ON ITS OWN, BUT GROWTH THAT IS LIKELY CONTINGENT ON SOME INVESTMENT INTO THE, THE COMMUNITY SERVING INFRASTRUCTURE.

UM, SO THAT IS THE, THE BELIEF IN INCLUDING AREAS LIKE THAT.

AND IT CAN BE A DIFFICULT CONVERSATION.

THE IDEA THAT'S ALLOWED IN THE LAW, LIKE YOU CAN USE GROWTH IN DOWNTOWN LONG BEACH, IN THE GREEN BOUNDARY HERE AND SPEND SOME OF THOSE DOLLARS FROM THAT GROWTH IN LET'S SAY WEST LONG BEACH THAT IS ALLOWABLE.

UM, THE CITY ACTUALLY HAS FLEXIBILITY ON WHETHER OR NOT IT WANTS TO DO THAT.

EIFD LAW, LET'S USE SET UP SO-CALLED PROJECT AREAS.

EACH OF THESE FIVE CAN BE FIVE DIFFERENT PROJECT AREAS WHERE YOU CAN ACCOUNT FOR REVENUES AND EXPENDITURES INDEPENDENTLY.

YOU COULD STILL HAVE ONE GOVERNING PUBLIC FINANCING AUTHORITY BOARD, BUT YOU CAN ESSENTIALLY BE MANAGING FIVE ACCOUNTS.

AND EVEN IF YOU DID THAT, YOU COULD STILL CHOOSE OR NOT CHOOSE TO MIX AND MATCH AND ALLOCATE ACROSS BOUNDARIES.

MOST OF THESE THAT WE HAVE DONE HAVE CHOSEN TO BE MORE FLEXIBLE AND ALLOCATE ACROSS BOUNDARIES.

UH, PART OF IT IS, IT'S A LITTLE BIT OF A SLOW AT FIRST, SO EXPECTATION SETTING TAKES TIME FOR THE DOLLARS TO GROW BIG AND HAVING THE FLEXIBILITY, ESPECIALLY IN THE EARLY YEARS, HAS BEEN BENEFICIAL SO THAT YOU ACTUALLY HAVE CRITICAL MASS OF DOLLARS TO DO ANYTHING.

UM, SO WE FIND THAT IT IS MORE ADVANTAGEOUS, BUT THAT IS JUST SORT OF COSMO OBJECTIVE ADVICE.

WE, WE WOULD OF COURSE BE TAKING DIRECTION FROM, YOU KNOW, THE, UM, THE ELECTED OFFICIALS ON, ON WHETHER OR NOT THAT'S SOMETHING THEY WANT TO DO.

DID I MISS PART OF THE QUESTION OR, UM, GREAT, THANK YOU SO MUCH, UH, FOR THE PRESENTATION.

I'M A BIG FAN OF, UM, LARRY'S, I ACTUALLY, I TEACH A LOT OF OFF OF THIS.

UM, IT'S SO COMPLEX WITH MY STUDENTS AND EXPLAIN IT, UM, IN IN, IN WAYS THAT PEOPLE CAN UNDERSTAND.

UM, I'M REALLY EXCITED ABOUT THE ALSO UTILIZING POTENTIAL BROWNFIELD REMEDIATIONS AS BETTY GRANTS, AS YOU KNOW, UM, ARE NOT CLEAR TO NON-EXISTENT AT THIS TIME.

SO I'M JUST CURIOUS AS FAR AS, UM, MOVING FORWARD, GETTING THE PUBLIC, UH, WHAT DOES THE PUBLIC OUTREACH CAMPAIGN LOOK LIKE?

[01:00:01]

WE, WE'VE ALREADY KICKED OFF THE PUBLIC OUTREACH CAMPAIGN AND A LOT OF IT WAS, UM, THROUGH THE, UH, SUMMARY FINDINGS THAT COSMAN HAS, UH, WORKED IN PARTNERSHIP WITH THE CITY AND VARIOUS CITY DEPARTMENTS.

AND THAT'S BEEN THROUGH OUR, UH, TWO FOREFRONT MEMOS.

SO WE'VE ISSUED TWO OF THOSE.

AND THEN WE'VE ALSO STARTED THE PUBLIC, UH, PROCESS BY GOING TO THE DIFFERENT, UH, COUNCIL COMMITTEES ONE, WE WENT TO ECONOMIC DEVELOPMENT OPPORTUNITY, DID A PRESENTATION, WHICH ALSO OFFERED THE OPPORTUNITY FOR THE PUBLIC TO, UH, PROVIDE INPUT, WHICH THEY HAVE.

AND THEN WE ALSO WENT TO THE, UH, MOBILITY PORTS AND INFRASTRUCTURE COMMITTEE.

SO ALONG THE WAY, INCLUDING ECONOMIC DEVELOPMENT COMMISSION ALONG THE WAY, THERE'LL BE MANY OPPORTUNITIES FOR THE PUBLIC TO, TO WEIGH IN ON, UM, THIS PROPOSED, UH, E-F-E-I-F-D DISTRICTS.

JOE, WAS THERE ANYTHING ELSE YOU WANTED? I, I WON'T.

AND SO THAT'S ALL VOLUNTARY BEYOND THE REQUIREMENTS OF THE LAW.

AND THEN OF COURSE, STILL YET TO COME WOULD BE THOSE REQUIRED, UM, YOU KNOW, PUBLIC MEETINGS AND HEARINGS WITH THEIR ASSOCIATED MAILING NEWSPAPER AND WEBSITE NOTICES.

AND, UH, THAT'S JUST MINIMUM, YOU KNOW, THAT THAT'S JUST REQUIREMENTS.

QUICK QUESTION.

I JUST WANTED TO PIGGYBACK OFF OF BOSE COMMENTS ON JUST SOME OF THE THINGS THAT THE CITY HAS DONE TO CHECK THE BOXES FOR THE COUNTY.

AND JOE CAN TELL YOU AND ELABORATE, BUT A LOT OF THIS BEHIND THE SCENES WORK IS BEING LABOR FRIENDLY.

SOME OF THE OTHER CITIES NEEDED A LITTLE NUDGE, BUT WE'RE OBVIOUSLY REALLY GOOD WITH, YOU KNOW, CERTAIN UNIONS HERE THAT ARE GONNA GET TO, EVERYBODY GETS TO EAT, WHETHER IT'S A PROJECT LABOR AGREEMENT OR JUST LOCAL HIRING.

SO, JOE, DO YOU WANNA EXPAND ON THAT? IT'S ALL POSITIVE.

I I, I DON'T, UNLESS BO YOU YOU DO.

I JUST THINK WE WERE SEEING VERY CLEAR ALIGNMENT IN THIS ONE.

LIKE SOMETIMES WE DON'T SEE IN SOME OF THE OTHER COMMUNITIES.

JUST MADE US MORE ENCOURAGED ABOUT THE POTENTIAL FOR PARTNERSHIP.

COMPLETE A LOT OF THESE PROJECTS.

AND WE'VE WORKED REALLY HARD TO, UH, NOT ONLY JUST ENGAGE OUR, YOU KNOW, ELECTED OFFICIALS, BUT ALSO LOOKING AT, YOU KNOW, PRIORITIES THROUGHOUT THE CITY, WHETHER IT'S PUBLIC INFRASTRUCTURE PART, UH, PROJECTS OR OTHER IN INVESTMENTS THAT WE WANNA MAKE, WHETHER IT'S PARKS, RECS, PUBLIC WORKS, UM, LOOKING AT COMMUNITY DEVELOPMENT, ECONOMIC DEVELOPMENT.

AND SO IT'S REALLY BEEN A COMPREHENSIVE APPROACH.

AND THEN ALSO LOOKING AT, UM, PARTNERSHIPS AS WE MOVE FORWARD.

COMMISSIONER MATOYER? YEAH, JUST ONE MORE.

AS YOU WERE SPEAKING, I WAS THINKING ABOUT IT.

CAN YOU TALK A LITTLE BIT MORE ABOUT THE, THE GOVERNANCE STRUCTURE AND THE, UM, THE, I'LL CALL IT THE MANAGEMENT PLAN THAT NEEDS TO BE PRESENTED.

UM, WHAT GUARDRAILS I GUESS ARE IN PLACE THAT FUNDS AREN'T KIND OF SEEN AS, WELL, MY DISTRICT NEEDS THIS, SO WE WANNA DIRECT FUNDS IN THIS WAY AND THIS COUNCIL MEMBER WANTS DIRECTED FUNDS IN THAT WAY.

CAN YOU TALK A LITTLE BIT ABOUT THAT? YES, THANK YOU COMMISSIONER.

SO I, I MAY HAVE USED THE PHRASE CHECKS AND BALANCES.

SO IN A SCENARIO OF A COUNTY PARTNERSHIP, WHICH YOU SAY MAY BE THE GOAL, UM, YOU'VE GOT THIS DOCUMENT THAT NEEDS TO BE PREPARED, THE INFRASTRUCTURE FINANCING PLAN, AND AGAIN, THAT INCLUDES WHAT ARE YOU GONNA PAY FOR, HOW MANY DOLLARS DO WE THINK THAT IS, UM, AND THE CORRESPONDING FISCAL IMPACT.

SO THAT PLAN, THAT INFRASTRUCTURE FINANCING PLAN HAS TO BE INDEPENDENTLY APPROVED BY THE FULL CITY COUNCIL, BY THE FULL COUNTY BOARD OF SUPERVISORS, AND THEN THIS HYBRID ENTITY, THIS PUBLIC FINANCING AUTHORITY.

AND THEN THERE'S THIS PROTEST OPPORTUNITY THAT YOU NEED TO CLEAR AT THAT LAST PUBLIC HEARING.

SO JUST SORT OF PROCEDURALLY MECHANICALLY, THOSE ARE THE, THE CHECKS AND BALANCES THAT ARE IN PLACE NOW BEYOND JUST PROCEDURALLY WHAT WE'VE BEEN FINDING IS SOMETIMES, UH, HORSE TRADING, SOMETIMES, UM, STRATEGY ON THE PARTS OF CITIES.

I'VE GOT THIS LONG LIST OF PROJECTS, BUT IF I'M GONNA GET THE COUNTER TO BE ON PART ON MY PARTNER, WHICH ONES MIGHT I BE PRIORITIZING TO MAKE SURE I'M GETTING THEIR BOXES CHECKED? AND, UM, UH, I GUESS THAT'S JUST THE WAY IT'S PLAYING OUT IN THE ONES THAT HAVE BEEN DONE IN LARGER CITIES WITH MANY COUNCIL DISTRICTS LIKE FRESNO AND SACRAMENTO AND AND SAN DIEGO.

UM, I THINK IT'S JUST USING THE PROCESS, UH, USING THE, THE PUBLIC MEETING AND HEARING PROCESS.

THERE TEND TO BE, WE PARTICIPATE IN MANY OF THEM ONE-ON-ONES BEFORE ANYTHING GIVEN SHOWS UP ON A COUNCIL AGENDA, LIKE A RESOLUTION OF INTENTION OR THE EVENTUAL RESOLUTION APPROVING THE PLAN.

UM, SO FAR, AND BOER CAN CORRECT ME, UH, THAT, THAT OUTREACH BEHIND THE SCENES, BUT THAT ELECTRIC IS, IS GOING PRETTY, I DON'T WANNA LIKE JINX IT OR ANYTHING.

IT'S GOING QUITE WELL.

IT FEELS LIKE WE'RE CHECKING BOXES AND NOT FEELING SORT OF MONEY GRABBING PET PROJECT TYPE STUFF THAT WE SOMETIMES SEE.

I'M REALLY HOPING I'M NOT GONNA JINX THAT.

BUT, UM, YEAH, IT'S A LITTLE BIT BEYOND THE SCOPE OF THE LAW.

IT'S JUST KIND OF LIKE ORGANIC POLICY STUFF THAT PLAYS OUT AND, AND FORTUNATELY IT'S GOING WELL SO FAR.

YEAH, AND I, I WOULD ADD ON THAT, YOU KNOW, WE DO HAVE A LARGE PRIORITY PROJECT LIST THAT WILL CONTINUE TO WORK FROM, BUT ALSO MAKING SURE WE'RE LOOKING AT OTHER, UH, FUNDING AND LEVERAGE OPPORTUNITIES, WHETHER IT'S THROUGH THE STATE OR THROUGH, UM, HOUSING COMMUNITY DEVELOPMENT, AS WELL AS EVEN LEVERAGING FEDERAL FUNDS TO

[01:05:01]

'CAUSE SOME OF THEM ARE GONNA BE, YOU KNOW, VERY, UH, EXPANSIVE AND WE'LL NEED THOSE PUBLIC PRIVATE PARTNERSHIPS TOO TO MOVE FORWARD.

BEFORE I GO TO VICE CHAIR THOMAS, COMMISSIONER SANDOVAL, DID YOU HAVE ANY QUESTIONS? OKAY, QUESTION THOMAS.

OH, GO AHEAD.

OH, SORRY.

SO, UH, I APOLOGIZE FOR COMING LATE AND HAVING ALL OF THEIR EYES LOOK THIS WAY.

IT IS A LITTLE INTIMIDATING.

UH, BUT THANK YOU FOR THE PRESENTATION.

UH, I DID WANT TO JUST KIND OF EMPHASIZE OR KIND OF HIGHLIGHT THE, THE PART WHERE, UM, FORMING AN EIFD BRINGS IN ADDITIONAL FUNDING CAPACITY.

CAN YOU EXPAND ON, ON THE KIND OF GRANTS THAT YOU WOULD GO AFTER OR OTHER FUNDING SOURCES THAT WOULD SUPPORT THIS INITIATIVE? YES.

MAY HAVE A SLIDE IN THE APPENDIX, MAYBE NOT.

OH, WE DO.

GREAT.

UM, SO IT, IT HAS VARIED BASICALLY ON THE TYPE OF INFRASTRUCTURE THAT'S BEING PRIORITIZED.

THE ONES THAT WE TEND TO GRAVITATE TOWARDS FIRST AS FAR AS COMPLIMENTARY SOURCES ARE EIGHT CD'S, HOUSING ORIENTED GRANTS.

THEY'VE BEEN THE MOST EXPLICIT ABOUT ACTUALLY INCORPORATING EIFD IN THE RUBRIC.

LIKE SUPER CLEAR.

IT'S, IT'S OUT THERE BLACK AND WHITE, TWO OR THREE MORE POINTS ON THE PRO HOUSING GUIDELINES FOR AN EIFD.

SO JUST BECAUSE IT'S EXPLICIT, WE, IT'S SORT OF WHERE WE FIRST GRAVITATE, BUT IT'S NOT BEEN LIMITED TO THAT.

LIKE REDONDO BEACH AS AN EXAMPLE, BEFORE THEY WERE EVEN FULLY FORMED, THEY LAYERED THEIR, UH, INPRO EIFD INTO A PROP 68 OPEN SPACE GRANT, UH, FOR WETLANDS RESTORATION.

AND THEY GOT IT 5 MILLION BUCKS OF GRANT FUNDING JUST BECAUSE THEY HAD BEEN DEMONSTRATING NOT ONLY CITY INTENTION THROUGH THE DISTRICT, BUT A CITY COUNTY PARTNERSHIP IN THE REDONDO ONE.

SO THE PROP 68 WAS ANOTHER ONE THAT WE LIKE.

AND THEN BASICALLY EVERYTHING THAT WE'RE LISTING ON THIS PAGE, I WISH WE HAD MORE DETAILS ON PROP FOUR, BUT WE ARE EXPECTING THROUGH OFFICES LIKE GO BZ AND LAND USE AND CLIMATE INNOVATION AND THE GOVERNOR'S OFFICE, THAT CLI PROP POOR CLIMATE WOULD BE PRIORITIZING THESE TYPES OF DISTRICTS AS WELL.

WE JUST DON'T HAVE THE THE DETAIL YET, BUT IT'S WHAT WE'RE, WE'RE LOOKING AT.

AND THEN THE RIGHT HAND SIDE OF THE PAGE IS MORE THE PRIVATE STUFF.

UM, THERE'S LIKE, THERE'S A BIG DIFFERENCE IN OUR EXPERIENCE AND THE DEVELOPMENT COMMUNITY BETWEEN LIKE A, A BUDGET APPROPRIATION THAT CAN LIKE DISAPPEAR IN FOUR YEARS WHEN SOMEONE ELSE TAKES THE SEAT VERSUS AN APPORTIONMENT IN A SPECIAL PURPOSE DISTRICT SEPARATE BROWN ACT LEGAL ENTITY WITH A 45 TO 50 YEAR LIFETIME.

AND WITH THAT SORT OF PUBLIC PRIVATE DEVELOPMENT COMMUNITY, THEY LIKE THIS WAY MORE.

IF A CITY'S GONNA SAY, I'M PRIORITIZING IN THIS MECHANISM, THIS SET OF INFRASTRUCTURE THAT'S GONNA BENEFIT MY PROJECT, WE'RE FINDING THAT THAT IS WAY MORE POTENTIAL TO GET THOSE SHOVELS IN THE GROUND THAN LIKE A BUDGET PROMISE THAT MIGHT DISAPPEAR AGAIN IN A NUMBER OF YEARS.

SO JUST SOME EXAMPLES HOPEFULLY THAT I ANSWERED.

YEAH, I APPRECIATE IT.

I THINK JUST EMPHASIZING THE IMPORTANCE OF HAVING A SHOVEL IN THE GROUND IS A BIG ONE.

'CAUSE UH, YOU KNOW, DELAYS COST ALL IMPACT ALL OF THOSE PROJECTS.

THANK YOU VICE CHAIR THOMAS.

UM, APPRECIATE THE, THE COMMUNICATION.

VERY THOROUGH.

I WAS THE LAST RDA CHAIR FROM 2007 TO ACTUALLY, WE WENT INTO 14 AS WE WERE CLOSING THE SHOP DOWN WAS A VERY PAINFUL, UH, PROCESS HERE IN LONG BEACH.

FIRST OFF, IMMINENT DOMAIN.

IS THAT ON THE TABLE HERE, BEYOND NORMAL GOVERNMENT OPPORTUNITY AND REGULATORY REQUIREMENTS? IT IS NOT.

TO ADDRESS AT LEAST PARTIALLY.

UH, NUMBER TWO, WE TALKED ABOUT THESE, UM, AREA COMMITTEES LIKE, SO IN THE REAL WORLD YOU JUST HAVE THAT CONVERSATION.

YOU COULD HAVE AN ESTABLISHED PROJECT IN ONE AREA, BUT THE NEED FOR A PUBLIC SAFETY AND EXPANSION OF A FIRE STATION OCCURS IN ANOTHER.

YOU'VE ALREADY GOT A PROJECT SELECTED IN THE PROJECT AREA COMMITTEE THAT YOU'RE NOW NEED, WANNA TAKE THE MONIES OUT OF FOR THIS URGENT.

UM, BEYOND THE FOUR YEAR POLITICAL REALITY, HOW'S THAT TRACKED AND IS IT STABILIZED IN TERMS OF NO, YOU HAVE TO FIND IT FROM MAYBE A DIFFERENT PROJECT AREA.

IT'S NOT ALREADY COMMITTED TO A, UM, THOSE FUNDS FOR SOMETHING ELSE.

SO I HAVE TO ADMIT FIRST, YOU KNOW, THE, THE TOOLS WERE AUTHORIZED IN 2014, SO WE'RE 12 YEARS IN.

MOST OF THEM WERE INFORMED UNTIL LIKE 20 17, 18, 19.

SO YOU'RE SEEING MANY OF THESE MORE MATURE ONES SEVEN OR EIGHT YEARS.

SO WE'VE NOT ENCOUNTERED ISSUES YET.

WHAT IT'S BEEN WORKING WELL SO FAR, ACKNOWLEDGING AGAIN THAT WE'RE STILL IN THIS NASCENT STAGE IS, UH, THE ANNUAL REVIEW PROCESS.

SO THE LAW REQUIRES THAT THIS PUBLIC FINANCING AUTHORITY MEET AT LEAST ONCE ANNUALLY TO REVIEW THE PLAN, THE INFRASTRUCTURE FINANCING PLAN AND CONSIDER AMENDMENTS.

AND THERE ARE SORT OF EASY AMENDMENTS AND, AND HARDER AMENDMENTS.

THE HARDER AMENDMENTS, IT'S TRIGGERING LIKE A WHOLE NEW PUBLIC MEETING AND HEARING PROCESS, WHICH IS BASICALLY THE SAME AS FORMING A NEW DISTRICT.

WE, WE TRY TO STAY AWAY FROM THOSE, THE EASIER AMENDMENTS WHICH HAVE BEEN SEEKING

[01:10:01]

I THINK THE CONCERNS YOU RAISED IS SORT OF A REPRIORITIZATION PROJECT.

HOW MANY REVENUES ARE WE ACTUALLY SEEING VERSUS WHAT WAS PROJECTED? WHAT DID WE HAVE ON OUR LIST WHEN THE THING WAS FIRST FORMED, AND WHERE ARE WE TODAY AS FAR AS WHAT IS IN GREATEST NEED? AND IT'S BEEN THAT PUBLIC FINANCING AUTHORITY MEETING ANNUALLY, SO LONG AS THEY'RE HONORING THE INFRASTRUCTURE FINANCING PLAN THAT WAS APPROVED BY THE CITY COUNCIL AND COUNTY BOARD OF SUPS.

UM, THAT PUBLIC FINANCING AUTHORITY HAS SOME AUTHORITY TO, TO REPRIORITIZE BASED ON NEED SO FAR.

UTILIZING THAT REVIEW PROCESS HAS BEEN WORKING WELL.

WE HAD NOT SEEN, YOU KNOW, SORT OF PROJECTS STEAL FROM OTHERS THAT HAVE BEEN ON THE LIST.

UM, SO I GUESS I DON'T HAVE ANY, UM, COUNTER EXAMPLES YET OTHER THAN USING THE ANNUAL REVISITING PROCESS.

AND, UM, JUST FOR THE EDIFICATION OF PROPERTY OWNERS, THIS IS NOT A PROPERTY TAX THAT WOULD BE PASSED ON BY A PROPERTY OWNER TO A BUSINESS THAT WOULD SEE THE IMPACTS OF THIS PROCESS.

THIS IS JUST BASICALLY A TIFF, IS THAT FAIR TO SAY? CORRECT.

VICE CHAIR, YEAH.

PROPERTY OWNER SEES NO DIFFERENCE ON THEIR BILL.

THEY WOULDN'T KNOW WHETHER THIS THING WAS FORMED OR NOT, OTHER THAN GETTING A NOTICE THAT THIS IS GOING ON.

IT'S REALLY BEHIND THE SCENES, THE CITY TAKING A PIECE OF A DOLLAR, THE COUNTY TAKING A PIECE OF A DOLLAR THAT WOULD OTHERWISE BE IN ITS GENERAL FUND, BUT INSTEAD ALLOCATING INTO THIS SPECIAL FUND.

AND TYPICALLY THE ONLY EVIDENCE THAT PROPERTY OWNER MIGHT SEE WOULD BE A POSITIVE THING, HEY, THIS ROADWAY GOT IMPROVED OR SIDEWALK OR STREETS SCAPE GOT IMPROVED AND THIS DISTRICT WAS RESPONSIBLE, BUT I DIDN'T PAY ANY MORE OR LESS FOR IT AS A PROPERTY OWNER.

AND, UM, DOES THE, THE PROCEEDS FOR THESE NEW PROJECTS COVER ENTITLEMENT PROCESS, EIRS PLANS, PERMITS, ESPECIALLY IF IT'S A CITY BACKED PROJECT? YES.

UM, IS THAT HANDLED, UH, INTERNALLY BY A SUB DEVELOPMENT CREW OF THE ORGANIZATION, THE, THE, UH, PUBLIC ORGANIZATION TO REVIEW THOSE COSTS ASSOCIATED WITH DEVELOPMENT OF THE PROJECT AND THE, AND, AND THEN TRANS, UM, PARENT OF WHO'S GETTING WHAT WORK AND THAT SORT OF THING? YEAH.

VICE CHAIR.

SO, UH, SO FAR THAT'S WHAT WE'RE SEEING.

THE LAW DOESN'T REQUIRE THAT, BUT WHAT HAS BEEN HAPPENING, WE THINK JUST FOR SAKE OF EFFICIENCY AND WE'RE HAVING THE CONVERSATIONS ACTIVELY AMONG STAFF, IS THAT YOU'RE USING THE HOST AGENCY STAFF AS STAFF TO THIS ENTITY.

AND IT'S BEEN WORKING WELL FOR THE COUNTY SO FAR AND ITS PARTNERSHIP, BUT, UM, IT HASN'T YET, YOU KNOW, REQUIRED HIRING A BUNCH OF NEW PEOPLE.

IT MAY GET THERE SOMEDAY AS THESE THINGS MATURE, BUT OFTENTIMES WE'RE FINDING THAT, YOU KNOW, SAME SORTS OF PERMITTING IS BEING HANDLED BY PLANNING STAFF OR ECONOMIC DEVELOPMENT STAFF.

THE FINANCIAL OBLIGATIONS ARE BEING HANDLED BY CITY'S FINANCE STAFF AS AS STAFF TO THE ENTITY AND, UM, WITH THE SAME LEVELS OF TRANSPARENCY AND, AND REPORTING AS AS YOU LAID OUT.

UM, HAS THIS MODEL BEEN LOOKED AT FOR OUR BURN SCAR AREAS? EATON IN THE PALISADES FOR REBUILD? YEAH.

I ACTUALLY APPRECIATE YOU ASKING THAT.

UM, A BRAND NEW TOOL WAS INTRODUCED IN OCTOBER, WELL IT WAS ADOPTED IN OCTOBER OF LAST YEAR.

IT'S CALLED, UH, DISASTER RECOVERY DISTRICT.

IT'S MORE BANG FOR THE CITY'S BUCK WHEN WE'VE SEEN CITIES GO AT THIS ALONE LIKE, YOU KNOW, COVINA, FRESNO, COUNTY OF HUMBOLDT, UM, A LOT OF IT IS, IF IT'S NOT THE COUNTY DOLLARS THAT ARE BEING BROUGHT IN, THERE MAY BE OTHER DOLLARS.

LIKE WE DIDN'T HAVE ANYMORE ACRONYMS. THEY ADDED EIF FDS, THEY'RE CLIMATE RESILIENCE DISTRICTS, AND NOW THERE'S DRDS DISASTER RECOVERY DISTRICTS.

I GUESS I DON'T HAVE A SLIDE ON IT, BUT UM, RIGHT AWAY ALTADENA WAS THE FIRST IN THE EATON FIRE RECOVERY AREA.

THEY FULLY ADOPTED IN, UH, IN DECEMBER OF 25.

THE ALTADENA, IT'S A LONG NAME LIKE ALTADENA WILDFIRE DISASTER RECOVERY FINANCING DISTRICT.

AND NOW WE'RE CURRENTLY HELPING ON THE PALISADES AREA IN UNINCORPORATED SANTA MONICA MOUNTAINS, THE UNINCORPORATED SANTA MONICA, MONICA WILDFIRE DISASTER RECOVERY DISTRICT.

AND THEN AN EVALUATION CURRENTLY IS THE CITY, CITY OF LOS ANGELES PALISADES FIRE.

UM, SO LONG, LONG WAY OF SAYING YES, UM, WE MAY SEE MORE OF THAT, UH, BUT THEY GOT A SPECIAL CARVE OUT IN THE LEGISLATION THAT'S A LITTLE BIT DIFFERENT THAN EIFD AND IT ACTUALLY REQUIRES THAT A GOVERNOR DECLARED DISASTER IS A PREREQUISITE TO USE THAT TOOL, THE DRD, WHICH IS WHY THEY'RE GOING THAT ROUTE.

LONG AND SHORT OF IT IS MORE PROTRACTED, UM, SORRY, UH, LESS PROTRACTED, A MORE, MORE CONCISE APPROVAL PROCESS FOR SAKE OF TRYING TO GET THE BASELINE ESTABLISHED AT THE POST FIRE REDUCED VALUES.

AND THAT'S WHY THEY WENT WITH THAT TOOL.

I HAVE A COUPLE OF QUESTIONS.

UM, SO IF YOU, ON THIS PARTICULAR SLIDE HERE IS, UM, WHEN WE LOOK AT THIS AND THERE'S NOT A A PARTICULAR CITY, BUT THERE'S NOT A COUNTY PARTNER ON THERE IS, CAN YOU SHARE A LITTLE BIT MORE? IS IT, IS THE COUNTY PARTNER, LIKE REALLY IT NEEDS TO BE IN PLACE? WE, WE'D SAY, NO, NOT A REQUIREMENT, BUT WE WOULD SAY OBJECTIVELY

[01:15:01]

LIKE IT MAY BE THE CASE, LIKE A DEVELOPER IS ONLY WILLING TO GET THAT SHUTTLE SHOVEL IN THE GROUND IF THROUGH THIS MECHANISM THE PUBLIC AGENCY IS MAKING IT CLEAR WE'RE GONNA, YOU KNOW, EXPAND HIGHWAY 41 IN, YOU KNOW, MADERA COUNTY.

UM, SO IT'S NOT TO BRING IN ANOTHER PUBLIC AGENCY PARTNER, IT'S TO BE THE TRIGGER TO GET THE PRIVATE SECTOR IN.

SO IT'S NOT A REQUIREMENT.

AN AGENCY COULD ABSOLUTELY DO IT SOLO.

MOST OF THEM HAVE BEEN SOLO SO FAR, 10 OUT OF THE 36 OUR PARTNERSHIPS, SO CALL IT A QUARTER HIT RATE, 25%, A LITTLE OVER THAT.

UM, WE JUST LIKE THOSE BETTER HONESTLY.

AND WE THINK THOSE ARE BETTER COMPETITORS FOR THAT THIRD PARTY GRANT FUNDING AS WELL.

AND WE ALWAYS LOOK FOR OPPORTUNITIES HOW WE CAN LEVERAGE OTHER PUBLIC PRIVATE PARTNERSHIP FUNDING, WHETHER IT'S GRANTS, THE FEDERAL GOVERNMENTS, THE STATE, OR EVEN THE COUNTY.

UM, YEAH, I THINK, YOU KNOW, GREAT PARTNERSHIP.

I JUST WANTED TO FIND OUT, UM, HOW THAT WORKS IF YOU DON'T HAVE A COUNTY PARTNER.

UM, AND THEN, YOU KNOW, UM, I APPRECIATE THE, THE QUESTION FROM COMMISSIONER SANDOVAL ALSO ON OTHER SOURCES OF FUNDING, LIKE HOW DOES THAT COME IN, UM, AND WHY, YOU KNOW, IF THEY SEE YOU HAVE AN EEF EIFD, DOES THAT REALLY ENCOURAGE OTHERS TO INVEST IN THAT? SO DO YOU HAVE ANY EXAMPLES OF PARTICULAR CITIES BESIDES THE ONE THAT YOU SHOWED THAT LIKE, OH, THEY'RE, THEY WERE IN FORMATION AND, AND THE OTHER QUESTION I HAD FOR IS HOW LONG HAVE MOST OF THESE, IF THEY'RE FULLY FORMED, WAS IT AFTER REDEVELOPMENT AGENCY WENT AWAY OR HAVE SOME OF THEM BEEN EVEN A PLACE BEFORE THAT? MAYBE I'LL TAKE THE LAST AND THEN I'LL GO TO THE FIRST.

SO THE, YEAH, SO THE TOOL, THE EIFT WAS ONLY AUTHORIZED IN 2014, SO TWO YEARS AFTER OUR DAS WENT AWAY.

AND THEN YOU DIDN'T HAVE THE FIRST ONE FORMED UNTIL 2017 IN WEST SACRAMENTO AND SAN DIEGO AND THEN IN LAVERNE HERE IN LOS ANGELES COUNTY.

SO THE OLDEST IS NINE YEARS OLD OF THESE, UM, OTHER SOURCES HOW IT COMES IN.

SO THERE'S ACTUALLY SOME FLEXIBILITY.

IT COULD HONESTLY JUST BE THE CITY USES THE EIFD IN A GRANT APPLICATION AND THE GRANT DOLLARS JUST COME TO THE CITY AND THE EIFD WAS JUST A, A WAY TO GET BETTER SCORING.

AND THE SORT OF THE, THE GENERAL FUND BENEFITS FROM THAT.

IT'S NO MATTER WHAT IT'S THE PUBLIC INFRASTRUCTURE, BUT IT, IT ALTERNATIVELY COULD BE THAT GRANT PROCEEDS ARE DEPOSITED IN THE EI FDS ACCOUNT, SO TO SPEAK.

THAT'S A STRATEGY CALL THAT THE CITY CAN MAKE PERHAPS IN CONCERT WITH THE COUNTY IF THE COUNTY IS A, A PARTNER.

UH, SO FAR WHAT WE'VE BEEN SEEING IS THAT THE GRANTS HAVE BEEN GOING TO THE CITY, THE HOST CITY, UM, UM, AND NOT INTO THE EIFD, EVEN THOUGH THE EIFD HELPED THEM SCORE BETTER EXAMPLES.

THE CLEAREST ONES ARE LIKE THE PROP 68.5 MILLION IN REDONDO BEACH.

YOU'VE SEEN, UM, I'M HONESTLY JUST LOOKING AT THIS LIST HERE, HUMBOLDT COUNTY AND FIBER GRANT FUNDING WAY UP NORTH IN NORTHERN CALIFORNIA.

I THINK THAT WAS FEDERAL GRANT FUNDING.

WE'VE HAD LA THE UNINCORPORATED LA COUNTY, WEST CARSON GOT A HCD GRANT, I THINK IT WAS IIG BUT I'M NOT SURE.

UM, UH, THAT'S AN UNINCORPORATED EIFD JUST OUTSIDE OF CARSON.

IT'S CONFUSING 'CAUSE THERE'S ALSO A CARSON EIFD I'M TALKING ABOUT THE UNINCORPORATED WEST COUNTY, WEST CARSON, EIFD, JUST WEST OF THAT, UM, IMPERIAL FRESNO, CARSON AND FRESNO.

SO FRESNOS WAS BIG, I THINK IT WAS PART OF THEIR TCC TRANSFORMATIVE CLIMATE COMMUNITY GRANT FOR, FOR DOWNTOWN REVITALIZATION IN WHICH THEIR, THEIR EIFD WAS A KEY PART OF THEIR GRANT APPLICATION TO THE STATE FOR THE TCC GRANT.

I APPRECIATE THAT INFORMATION.

UM, THANKS.

I THINK THAT THE PUBLIC, UM, WOULD WANNA KNOW LIKE WHAT NEW RESOURCES OF FUNDING ARE COMING IN, UM, AND ESPECIALLY YOU MENTIONED FEDERAL RESOURCES, BUT ALSO PRIVATE FUNDING TOO, YOU KNOW, 'CAUSE WE'RE ALSO LOOKING FOR NEW RESOURCES OF FUNDING.

UM, ON PAGE EIGHT, YOU I I JUST WANTED TO CLARIFY A QUESTION ON, SO FOR THE DISTRICT AREA THAT'S APPORTIONED OUT, WHICH IS THE 10% OF THE CITY WHERE THE PROJECTS WOULD BE AND THE FUNDING WOULD GO, DOES THAT MEAN THAT IT'S THE TAX, THE, THE TAX REVENUE THAT COMES FROM THAT APPORTIONED AREA? IT IT THAT THE TAX COMES FROM THIS APPORTIONED AREA, BUT THE DOLLARS CAN BE SPENT OUTSIDE OF THIS AREA AS LONG AS THERE'S SOME TANGIBLE BENEFIT TO THE PROPERTIES WITHIN THIS AREA? YEAH.

SO IF IT WAS SOMEONE OUTSIDE OF THE AREA, THEY WOULDN'T, A PORTION OF OF THEIR TAXES WOULDN'T GO CORRECT TOWARDS THESE PROJECTS? THAT'S CORRECT.

A WHOLE AREA WITHIN, UH, A CERTAIN PART OF LONG BEACH.

I THINK THAT'S GONNA MAKE A DIFFERENCE TO THE PUBLIC TOO.

AND I THINK THE IMPORTANT THING TO NOTE IS THAT IF YOU'RE LOOKING OUTSIDE OF THE DISTRICT, IT COULD BE AN AFFORDABLE HOUSING PROJECT THAT ACTUALLY, UM, MAKES SENSE FOR THE ENTIRE CITY, BECAUSE THAT'S A CITY PRIORITY AS WELL AS A COUNTY PRIORITY.

THERE MAY BE A, AN INFRASTRUCTURE PROJECT, LIKE A WATER PROJECT THAT'S NOT JUST BENEFITING THAT TARGETED AREA, BUT IT'S BENEFITING

[01:20:02]

AND SO THERE'S MANY EXAMPLES OUT, OUT THERE WHERE YOU CAN TAKE A LOOK AT THAT AND SAY, WELL, YES, IT'S NOT WITHIN THE DISTRICT.

MM-HMM .

BUT IT DOES HAVE A, A CITYWIDE IMPACT.

AND THEN JUST THE LAST COMMENT IS, YOU KNOW, BEING THE SEVENTH LARGEST, WE ARE THE SEVENTH LARGEST CITY IN THE STATE.

RIGHT.

, I I APPRECIATE THAT YOU HAD THE PROJECTIONS OUT LIKE 25 YEARS, 50 YEARS.

'CAUSE IT REALLY DOES GO BEYOND LIKE A PARTICULAR MAYOR, A PARTICULAR CITY COUNCIL.

IT'S MORE ABOUT FUTURE PLANNING.

SO, UM, THANKS FOR PRESENTING IT THAT WAY.

DID, OH, I HAVE SOME MORE QUESTIONS.

I HAVE COMMISSIONER NORDIC.

UH, AND THANKS FOR THE PRESENTATION AND ADDRESSING ALL THESE QUESTIONS.

SO, UM, IT CERTAINLY SOUNDS LIKE THIS IS HIGH PROBABILITY OF CREATING A GREAT IMPACT FOR THE COMMUNITY.

I JUST WANNA UNDERSTAND A LITTLE BIT BETTER, LIKE WHAT ARE THE RISK FACTORS HERE AND IF, UM, LIKE WHAT WOULD CAUSE THIS TO BECOME LESS SUCCESSFUL THAN WE ALL WOULD INTEND IT TO BE? AND WHAT DOES THE DOWNSIDE SCENARIO LOOK LIKE IF THOSE RISKS ARE REALIZED? THANKS.

SO PRIMARY RISK IS, UM, GRABBING TOO MUCH FROM THE GENERAL FUND.

SO IN COMING UP WITH THE BOUNDARY THAT WAS ON THIS PAGE, WE HAD DONE ITERATIONS THAT WERE LIKE DOUBLE THIS AMOUNT, LIKE 20% OF THE ACREAGE WITHIN THE CITY, OR 25% OF THE AV AND THE PEOPLE SWEATING WERE FINANCE STAFF .

UM, BECAUSE AGAIN, A DOLLAR IN THIS DISTRICT IS A DOLLAR NOT IN THE GENERAL FUND AS IT PERTAINS TO THE CITY'S APPORTIONMENT.

AND IT IS A BALANCING ACT, HOW BIG YOU GO WITH THE BOUNDARY, HOW, WHAT, HOW LARGE THE PERCENTAGE IS.

SO THE PRIMARY DOWNSIDE RISK IS GRABBING TOO MUCH FROM THE DOLLARS THAT THE CITY JUST NEEDS TO KEEP THE LIGHTS ON TO KEEP THE SERVICES GOING.

THAT, THAT, THAT IS THE BIGGEST RISK.

UM, THE HINDRANCE, YOU KNOW, TO SEEING POTENTIALLY NOT SEEING NUMBERS LIKE ARE ON THIS PAGE IS YES, SLOWER THAN FORECASTED DEVELOPMENT.

WE, WE DON'T THINK WE WENT CRAZY AT COSMO IN, IN OUR CRAZY AGGRESSIVE, IN OUR ASSUMPTIONS.

WE LOOKED AT STUFF THAT'S LIKE ACTUALLY IN THE PIPELINE TRACKER WHERE THERE'S CLEAR PRIVATE SECTOR INTEREST, THEY'RE ENTITLED OR THEY'VE SUBMITTED PLANS OR IT'S NOT LIKE LOOKING AT HERE MY SPECIFIC PLAN A LOTS 1500 HOMES, I'M JUST GONNA ASSUME 1500 HOMES.

THAT'S NOT THE APPROACH WE TOOK.

WE SAID WHERE, WHERE'S THE ACTUAL, UH, INTEREST DEMONSTRATED? AND LET'S BASE IT OFF THAT I THINK IT, THEREFORE IT'S POSSIBLE TO ACTUALLY BEAT THIS.

UM, BUT THE, THE RISK ULTIMATELY IS THAT THE PRIVATE SECTOR DOESN'T PERFORM THAT THEY DON'T PERFORM AS FAST OR AS INTENSELY AS THEY SAID THEY WOULD.

AND UM, AGAIN, IN THAT CASE, IT JUST MEANS THAT, UH, THE THE DOLLARS WOULD BE LESS, IT, IT WOULDN'T MEAN, AND I THINK WE COVERED THIS EARLIER, BUT IT WOULDN'T MEAN THAT YOU, YOU'VE BANKED ON THEIR GROWTH WHEN YOU'VE DONE SOMETHING LIKE A BOND ISSUANCE.

AGAIN, YOU, YOU WOULDN'T ISSUE A BOND IN YEAR FIVE BASED ON WHAT YOU THINK YEAR SIX OR YEAR SEVEN IS, BUT YEAH, BASED ON WHAT YOU'RE ACTUALLY SEEING HIT THE ACCOUNT IN YEAR FIVE.

AND THEN COMMISSIONER MATOYER QUESTION FOR YOU.

NO.

SO IN 2019 YOU DID AN $84,000 SURVEY IN SANTA BARBARA.

WHAT IS THE IMPACT OF THAT SURVEY NOW IN 2026? I DON'T KNOW THE SURVEY, 2019, THERE WAS A SANTA BARBARA SURVEY.

YOU GUYS DID COS MORE, DO YOU MANHATTAN BEACH, YOU SAID VACANCY RATE WAS 9.4%, ANCY RATE WAS 9.4%.

AND I WAS JUST CURIOUS ON WHAT DOES THAT LOOK LIKE NOW AFTER THAT SURVEY? I DON'T KNOW.

I KNOW WHO WORKED ON IT.

KEN HIRA, TOMSKY IN OUR OFFICE.

IT WAS LIKE A STATE STREET FOCUS THING.

RIGHT.

I REMEMBER, I REMEMBER THEM TALKING ABOUT IT INTERNALLY.

I MEAN, I, I JUST, IT'S REALLY MORE JUST ANECDOTAL.

WHAT I'VE SEEN IS STATE STREET CONTINUE TO STRUGGLE, I THINK WITH RECRUITMENT OF RETAIL.

I DON'T THINK THAT'S UNIQUE TO SANTA BARBARA OR THEIR MAIN STREET.

UM, BUT UM, YOU IMPLEMENTED TO BE MORE BUSINESS FRIENDLY, CUT THE BUS, THE CITY BUS BY 50 CENTS.

YOU WERE TRYING TO BRING ACTIVATION.

SO I WAS JUST CURIOUS ON WHAT DOES IT LOOK LIKE NOW AFTER DOING THAT WORK? I DON'T THINK, UH, THANK YOU COMMISSIONER.

SO I DON'T BELIEVE, AND I KNOW WE'RE NOT WORKING CURRENTLY FOR THE CITY, BUT I ALSO DON'T THINK ALL OF THE RECOMMENDATIONS, UM, WERE FOLLOWED.

BUT I'M NOT SURE, UM, 'CAUSE I DIDN'T WORK ON IT.

I, BUT I'D BE HAPPY TO SORT OF FIND OUT MORE DETAIL IF IT WOULD BE HELPFUL.

COMMISSIONER SANDOVAL.

UM, SO, UM, WAS THE COASTAL ZONE CONSIDERED IN THIS, IN THIS EVALUATION? UM, 'CAUSE THERE ARE, THERE ARE A LOT OF OPPORTUNITIES FOR INFRASTRUCTURE DEVELOPMENT ACROSS, UH, I WOULD SAY THE COASTAL AREA.

THERE'S ALSO A LOT OF CITY OWNED PROPERTY AROUND THE COASTAL AREA.

SO I JUST WANNA KNOW, UM, WHY, YOU KNOW, IF, WHY THAT'S NOT REFLECTED IN THIS CURRENT MAP? I SEE YOU

[01:25:01]

SMILING.

I THINK THERE'S SOMETHING THERE.

THERE'S SOMETHING THERE.

SO IT'S, IT'S, THERE ARE STRINGS IN THE LAW.

THERE ARE TWO PRIMARILY THAT GET ADDED WHEN YOU START GOING INTO THOSE AREAS.

ONE IS STATE LANDS COMMISSION AND ONE IS, UH, HARBOR AUTHORITY VOTE REQUIRED.

UM, SO IT GETS COMPLICATED.

IT'S THE SAME REASON WHY THE, UH, AREA UNDER EVALUATION IN SAN PEDRO DIALED BACK FROM SOME OF THAT AREA AS WELL.

SO I MENTIONED CHECKS AND BALANCES, CITY COUNTY PUBLIC FINANCING AUTHORITY, AND THEN PROPERTY OWNERS AND RENTERS HAVING THE PROTEST, UH, GOING INTO THE PORT AREAS HAS ALL OF THAT.

AND YOU'RE NEEDING STATE LANDS COMMISSION APPROVAL BEFORE YOU ISSUE ANY DEBT.

AND YOU NEED SEPARATE, UM, HAR HARBOR AUTHORITY APPROVAL JUST OF THE INFRASTRUCTURE FINANCING PLAN.

THAT ADDITIONAL LAYER OR TWO LAYERS HAS TYPICALLY BEEN THE, THE SORT OF DEAL BREAKER INTO GOING INTO THOSE AREAS.

AND I, I THINK, CORRECT ME IF WRONG, MARIBEL, I I THINK THAT WAS A KEY PART OF OUR CALCULUS AND NOT EXPANDING IN THAT AREA.

OH.

AND THEN OF COURSE THERE'S PORTIONS OF IT WHERE IF STUFF IS GONNA STAY PUBLICLY OWNED OR MAJORITY PUBLICLY OWNED, THEN IT DOESN'T GENERATE TAXABLE ASSESSED PROPERTY VALUE.

AND THAT IS THE GOAL FOR CAPTURING.

AND IF THERE'S NOT THAT, THEN WE'D SAY WHY EVEN BOTHER GOING INTO THOSE AREAS.

THAT MIGHT BE THE LAST QUESTION OR COMMENT, BUT HOWEVER, MARY, WERE YOU GONNA ADD SOMETHING TOO? AND I WANT EVERYONE TO MAKE SURE THEY KNOW MARY TORRES FROM ECONOMIC DEVELOPMENT TEAM.

UH, THANK YOU CHAIR.

UM, NO, I WAS JUST GONNA MENTION THE THE CITY PROPERTY DOESN'T GENERATE PROPERTY TAX, WHICH WAS THE GOAL OF THIS.

UM, BUT JOE COVERED IT.

SEEING OTHER QUESTIONS OR COMMENTS I WANT TO IS, ARE THERE ANY PUBLIC QUESTIONS OR COMMENTS? IF THERE ARE ANY MEMBERS OF THE PUBLIC THAT WOULD LIKE TO SPEAK, PLEASE COME UP TO THE PODIUM.

SEEING NONE.

SO, UM, WHY DON'T WE TAKE A VOTE ON RECEIVING AND FILING THIS REPORT.

COMMISSIONER NEVIN? YES.

I WANNA THANK BO MARTINEZ.

OF COURSE, OUR DIRECTOR'S GOT AN EXTRAORDINARY TEAM THAT'S BEEN WORKING WITH US FOR BRINGING THIS TO US.

UM, THANK YOU JOSEPH FOR BEING HERE WITH SMA.

WE MAY HAVE SOME FOLLOW UP QUESTIONS FOR YOU AT SOME POINT IN TIME AS YOU GET CLOSER TO THAT OCTOBER DATE, BUT THANK YOU SO MUCH FOR BEING HERE.

AND MARY TORRES, AS ALWAYS, THANKS FOR ALL YOUR HARD WORK WITH US.

RECOMMENDATION TO RECEIVE AND FILE EXECUTIVE DIRECTOR'S REPORT.

UH, WE HAVE THE NEXT RECOMMENDATION.

ITEM THREE IS A

[3. 26-54183 Recommendation to receive and file Executive Director’s Report. Suggested Action: Approve recommendation. ]

UH, THANK YOU CHAIR COMMISSIONERS.

SO I'LL BE BRIEFING THIS REPORT SINCE OUR LAST MEETING, BUT, UH, WE'VE BEEN BUSY REAL, REAL, REAL QUICK.

WE, WE DO NEED A, A MOTION AND A AND A SECOND.

I, OH, APOLOGIZE.

I DIDN'T SEE IT ON MY SCREEN.

WE HAVE, WE HAVE A MOTION BY COMMISSIONER NOVIN AND A SECOND BY COMMISSIONER SMITH.

GET OUTTA BECAUSE YOU WON'T GET OUTTA YOU.

AND YOU HAVE ALL THE TIME.

YOU DON'T HAVE TO TALK FAST.

ALRIGHT.

WELL, WE, A LOT HAS TRANSPIRED SINCE OUR LAST, UH, COMMISSION MEETING.

AND SO WE DID HAVE OUR LONG BEACH AMPHITHEATER, UH, GROUNDBREAKING.

AND IT WAS VERY SUCCESSFUL.

WE RECEIVED A LOT OF, UH, BOTH REGIONAL AS WELL AS NATIONAL, UH, COVERAGE, UM, FOR, FOR THE AMPHITHEATER PROJECT.

AND SO NOW WE'RE MOVING FAST AND FURIOUS TO BUILD THIS AMPHITHEATER RECORD TIME IN PREPARATION FOR THE, UH, SUMMER CONCERT SEASON.

AND SO WE SHOULD, YEAH, AS YOU PROBABLY HAVE NOTICED ON SOCIAL MEDIA AND THROUGH THE LONG BEACH AMPHITHEATER AND OUR PARTNER, UH, LEGENDS GLOBAL, THEY'VE BEEN ANNOUNCING, UH, LOTS OF NEW ACTS FROM LUKE BRYANT TO MOTLEY CRUE TO THE ROMANTICS.

AND SO, YOU KNOW, MORE TO COME.

AND THEN THE OTHER THING IS, UH, YOU PROBABLY NOTICE THAT THERE'S SEVERAL, UH, COMPANIES THAT HAVE ANNOUNCED, UH, UH, RELOCATION AS WELL AS EXPANSION IN LONG BEACH.

AND SO ONE OF THOSE HAS BEEN, UH, SPEEDO.

SO THEY'RE MOVING THEIR HEADQUARTERS TO LONG BEACH.

AND THEN YOU ALSO HEARD ABOUT ANDEL WHO'S GONNA BE BUILDING A 1.1 MILLION SQUARE FOOT CAMPUS AT SPACE BEACH.

THAT WILL INCLUDE, UH, UP TO 5,500 JOBS AND A BILLION DOLLARS IN INVESTMENT TO OUR COMMUNITY.

AND THEN YOU'VE ALSO HEARD, LIKE, PROBABLY IF YOU'VE WATCHED SOCIAL MEDIA AND YOU HEAR IN THE NEWS, THERE'S LOTS OF NEW RETAIL RESTAURANTS THAT CONTINUE TO OPEN THROUGHOUT THE CITY.

SO WE'RE VERY HAPPY ABOUT ALL THE BUSINESS AND INVESTMENT AND JOBS THAT CAN CONTINUE TO COME.

UM, SO WE'RE VERY FORTUNATE AS THE CITIES 'CAUSE YOU ALSO KIND OF HEAR WHAT OTHER CITIES ARE GOING THROUGH ACROSS THE

[01:30:01]

COUNTRY.

BUT I THINK, UH, LONG BEACH IS IN A VERY UNIQUE PLACE WHEN IT COMES TO BUSINESS INVESTMENT AND JOBS.

THEN WE ALSO CONTINUE TO MAKE SURE THAT WE'RE GOING OUT AND TALKING WITH OUR BUSINESSES.

SO WHETHER THEY'RE BIG BUSINESSES OR SMALL BUSINESSES, UH, ONE OF THE BIG THINGS WE'RE DOING IS WHAT WE CALL THE BUSINESS WALK PROGRAM.

SO WE GO OUT WITH EACH COUNCIL DISTRICT AND AS WELL AS OTHER CITY DEPARTMENT.

THERE'S COMMUNITY DEVELOPMENT, HEALTH AND HUMAN SERVICES, POLICE DEPARTMENTS.

AND REALLY JUST TO GO OUT THERE AND LISTEN TO OUR BUSINESS COMMUNITY, AND MOST IMPORTANTLY, THANK THEM FOR THEIR INVESTMENT IN OUR COMMUNITY.

AND SOME OF THE BIG TAKEAWAYS THAT WE'RE HEARING FROM OUR BUSINESS COMMUNITY IS AROUND, UM, THE ENFORCEMENT RAID.

AND SO WE'RE SEEING A LOT OF OUR MINORITY IMMIGRANT BUSINESSES THAT ARE SEEING A SLOWDOWN IN BUSINESS.

UH, THEY'RE SEEING A SLOWDOWN OF FOOT TRAFFIC COME TO THEIR BUSINESS, AND THEY'RE ALSO SEEING A LOT OF, UH, FEAR FROM THEIR EMPLOYEES WHO WANT TO, WHO ARE FEARFUL OF COMING INTO WORK.

AND SO THAT'S A BIG CHALLENGE FOR OUR, OUR CITY, AND I'M SURE CITIES THROUGHOUT THE REGION AND ACROSS THE COUNTRY.

AND THEN THE OTHER THING WE'RE HEARING FROM OUR, UH, BUSINESSES IS THAT, YOU KNOW, WE WANT TO GENERATE MORE FOOT TRAFFIC COMING TO OUR BRICKS AND MORTAR BUSINESS, BUT WE ALSO WANNA SEE IF THERE'S OPPORTUNITIES TO ENHANCE OUR SALES ONLINE.

AND SO SOCIAL MEDIA AND MARKETING VERY IMPORTANT TO THEM.

AND THEN THE THIRD AREA THAT WE CONTINUE HERE, AND A LOT OF IT IS, YOU KNOW, ALONG OUR COMMERCIAL QUARTERS IS THE IMPACT OF STREET VENDING.

AND IT'S, YOU KNOW, THE IMPACT ON THEIR SALES AND THEIR BUSINESS, BUT ALSO THE IMPACT ON, UH, CLEANS OF, OF OUR COMMERCIAL QUARTERS.

AND SO THOSE ARE THE BIG ISSUES THAT WE CONTINUE TO HEAR AS WE GO OUT THERE, UH, THROUGHOUT THE CITY AND TALK WITH OUR BUSINESS COMMUNITY.

UM, ANOTHER THING THAT WE WANTED TO TALK ABOUT TOO IS, UM, GIVE YOU A REPORT IS, UH, THIS PAST MONTH TOO, WE ACTUALLY, UH, UH, ARE FINALIZING A PURCHASE AND SALE AGREEMENT WITH LONG BEACH CITY COLLEGE TO BUILD UP STUDENT HOUSING, UM, ON LAND, UH, NORTH ATLANTIC AVENUE AND, UH, DISTRICT NINE.

AND SO THIS IS GONNA BE A $55 MILLION PROJECT.

AND SO WE'RE VERY EXCITED ABOUT THAT.

AND THEN THE OTHER ONE THAT I WANTED TO TALK TO YOU ABOUT IS THAT WE HAVE A BASEBALL TEAM.

IT'S, AS YOU ALL HEARD AT THE MAYOR'S, UH, STATE OF, UH, STATE OF THE CITY.

IT'S THE LONG BEACH COAST SLASH LONG BEACH REGULATORS.

AND SO, UM, THIS IS ALL HAPPENING THIS PAST MONTH AND THAT AS WE THINK ABOUT LOOKING FORWARD, WE JUST WANNA CONTINUE TO FOCUS ON HOW WE MAKE SURE THAT OUR, OUR SMALL BUSINESS COMMUNITY ARE, UH, GROWING, PROSPERING AND SUCCEEDING.

AND ONE OF THOSE THINGS IS WE CONTINUE TO ROLL OUT A LOT OF REALLY COOL SMALL BUSINESS DEVELOPMENT PROGRAMS. UM, ONE OF THEM IS THE LEVEL OF EXTREME BUSINESS MAKEOVER PROGRAM.

WE'LL BE INTRODUCING A VACANCY TO VIBRANCY PROGRAM AND CONTINUE TO DO, UH, WORK ON A LOT OF THEM FROM LEGACY BUSINESSES TO OUR REVOLVING LOAN FUNDS.

SO WE'RE VERY PROUD AS A CITY ON HOW WE CONTINUE TO SUPPORT OUR SMALL BUSINESS COMMUNITY.

AND I CAN TELL YOU THAT EVERY MONTH WE GET CALLS FROM OTHER CITIES, NOT ONLY IN CALIFORNIA, BUT THROUGHOUT THE UNITED STATES, WHO WANTS TO LEARN MORE OF WHAT WE DO.

AND AS I ALWAYS TELL THEM IS, YOU CAN TAKE ANY OF OUR PROGRAMS AND MAKE THEM SUCCESSFUL IN YOUR COMMUNITY IF YOU HAVE A GREAT VISION, A GREAT PLAN ELECTED, UH, ELECTED, UH, SUPPORT AS WELL AS A FUND TO GO WITH IT.

AND ANOTHER THING I WANTED TO FOCUS, WE'RE GONNA BE FOCUSED ON IS BUSINESS RETENTION EXPANSION.

WE WANNA MAKE SURE THAT WE'RE CONTINUING TO FOCUS ON GROWING OUR OWN, WHILE AT THE SAME TIME LOOKING FOR OPPORTUNITIES FROM A DOMESTIC INTERNATIONAL PERSPECTIVE TO DRAW MORE BUSINESSES NOT ONLY TO OUR DOWNTOWN, BUT THROUGHOUT THE CITY.

AND SO THAT'LL BE A BIG FOCUS AS WE LOOK OVER THE NEXT, UH, 12 TO 24 MONTHS.

AND THEN WE'LL CONTINUE TO FOCUS ON HOW DO WE LEVERAGE AND GROW OUR, UH, FIVE TARGETED INDUSTRY SECTORS AS PART OF THE GROW LONG BEACH INITIATIVE.

AND THEN, UM, ALSO MORE IMPORTANTLY IS ALSO HOW DO WE, UM, CONTINUE TO LEVERAGE OUR CITY OWNED ASSETS, WHICH MARY AND THE REAL ESTATE TEAM CONTINUE TO DO A REALLY GREAT JOB ON IT.

AND PART OF THAT IS LOOKING AT HOW NOT ONLY WE LEVERAGE OUR ASSETS, BUT ALSO HOW DO WE DIVERSIFY OUR ECONOMY AND HOW DO WE DIVERSIFY OUR CITY OF STREAMS GOING FORWARD? AND THAT'S ALL GONNA HAPPEN THROUGH BUSINESS DEVELOPMENT JOBS AND INVESTMENTS IN PUBLIC PRIVATE PARTNERSHIPS AND ALL THE WORK THAT WE DO TOGETHER AS A TEAM.

AND SO, UM, THAT CONCLUDES MY UPDATE.

THANK YOU SO MUCH, BO.

I KNOW THAT THE COMMISSIONERS MAY HAVE QUESTIONS OR COMMENTS.

OH, THEY'RE NOT GONNA GRILL YOU .

I COULD ASK YOU ANY QUESTION.

DO YOU HAVE A QUESTION? OH, .

I'D WANNA KNOW MAYBE AN UPDATE ON WHERE WE ARE WITH STREET BENDING, UM, DOWN THE ROAD.

COMMISSIONER SANDOVAL.

UM, BO IS ALWAYS IMPRESSIVE, UH, ABOUT ALL THE WORK THAT YOU, YOU AND YOUR TEAM ARE DOING, AND, UH, YOU MENTIONED THAT A CITY CAN REPLICATE WHAT YOU'RE DOING AS LONG AS THEY DON'T TAKE YOUR STAFF.

YOU PROBABLY MENTIONED YOU, YOU FORGOT TO MENTION THAT.

UM, BUT, YOU KNOW, UM, THERE'S A, THERE'S A LOT OF OPPORTUNITIES AROUND ATTRACTION AND RETENTION AND I, I KNOW THAT STREET VENDING CONTINUES TO BE A, A POINT, UH, A SENSITIVE ISSUE FOR A LOT OF, UH, BUSINESSES AND, AND, AND, YOU KNOW, CERTAIN AREAS OF LONG BEACH ALSO.

UM, BUT I, I THINK THERE, THERE I, I'D

[01:35:01]

AND, AND I KNOW THAT MAY BE ANOTHER POINT OF DISCUSSION OR MAYBE IT'S ALREADY ON THE AGENDA SINCE THE LAST TIME WE ADDRESSED IT, WHICH WAS MAYBE AROUND ONE AND A HALF, TWO YEARS AGO.

RIGHT.

UM, AND I THINK, YOU KNOW, THERE, THERE, THERE IS A, THERE'S A POSITIVE WAY TO LOOK AT STREET VENDING AND, AND SMALL BUSINESS IN THAT, YOU KNOW, THERE, THERE ARE INDIVIDUALS PURSUING A DREAM, A SMALL BUSINESS DREAM, AND I THINK THE CITY CAN HELP FACILITATE HELPING THEIR DREAMS BECOME A REALITY AND PUTTING THEM IN SOME OF THOSE EMPTY STOREFRONTS, EMPTY BUILDINGS, UM, POTENTIAL, UH, UH, RETAIL SPACES OR, OR, UM, OR NEW BUILDINGS THAT MAY BE BEING DEVELOPED OR BUILT IN THE CITY.

UM, SO THERE, YOU KNOW, IF THERE'S ROOM FOR THEM WITHIN, YOU KNOW, THE, THE CURRENT PROGRAMS THAT YOU HAVE OR MAYBE AN OPPORTUNITY FOR A NEW PROGRAM, UH, IN ALIGNMENT WITH WHATEVER YOU YOU HAVE IN THE PIPELINE.

UH, JUST WANNA MAYBE, UM, HAVE THAT BE A POINT OF DISCUSSION, UH, AROUND AN UPDATE AROUND STREET BENDING.

AND THEN THANK YOU, UH, UM, COMMISSIONER.

AND SO, YOU KNOW, THE CITY'S REALLY TAKEN A PROACTIVE APPROACH AND SO WE STARTED OUT WITH EDUCATION AND THEN WE FOLLOWED THAT UP WITH ENFORCEMENT.

BUT YOU'LL ALSO SEE, YOU KNOW, THE STREET VENDORS THAT ARE OUT THERE THAT ARE DOING IT ILLEGALLY.

UM, THERE MAY BE SOME OPPORTUNITIES TO GROW THEM FROM A MICROENTERPRISE TO ACTUALLY, UH, GOING TO A BRICKS AND MORTAR, UH, STOREFRONT AND CONTINUE TO GROW THEIR, UH, THEIR BUSINESS.

AND SO, UM, WE ARE DEFINITELY, YOU KNOW, INTRODUCING SEVERAL DIFFERENT NEW PROGRAMS AS WE MOVE FORWARD.

AND THERE'S A BIG FOCUS ON HOW WE, UH, FOCUS ON MICRO ENTREPRENEURISM AS, UM, AND OPPORTUNITIES GO MOVING, MOVING AHEAD.

I HAVE ONE, I HAVE ONE QUESTION FOR YOU, BO IS, UM, YOU KNOW, SOME OTHER CITIES AS WELL AS THE, OUR CITY MAY HAVE, THE CITY OF LONG BEACH MAY HAVE THE NUMBERS, BUT I'M WONDERING IF WE COULD GET THEM ON AN ONGOING BASIS, IS THE NUMBER OF SMALL BUSINESSES THE CITY CONTRACTS WITH, OR THE PERCENTAGE AND THE DOLLAR AMOUNTS, UH, MAYBE SOME KIND OF DASHBOARD AROUND THAT BECAUSE, YOU KNOW, AS WE CONTINUE TO MOVE FORWARD, UM, THERE ARE SO MANY SMALL BUSINESS PROGRAMS THAT YOU HAVE PUT IN PLACE TO SUPPORT THESE SMALL BUSINESSES.

UM, BUT I DON'T GET A SENSE OF HOW MANY DOLLARS A CITY IS SPENDING WITH EITHER LOCAL LONG BEACH, SMALL BUSINESSES OR SMALL BUSINESS.

WE CAN DEFINITELY, UM, GET THAT INFORMATION FOR YOU AT A FUTURE MEETING.

UH, CHAIR.

UM, AND, AND THEN THE OTHER PART WAS YOU MENTIONED SOMETHING ABOUT, YOU KNOW, UM, SOME OF THE BUSINESSES HAVE BEEN IMPACTED, ESPECIALLY THROUGH FOOT TRAFFIC, UM, THROUGH FEAR, YOU KNOW, OF, OF, UM, SOME OF THE THINGS THAT ARE GOING ON BASICALLY IN OUR COMMUNITIES.

AND SO ARE THERE SPECIAL PROGRAMS THAT THE CITY HAS BEEN WORKING WITH, ESPECIALLY RELATED TO THAT? UM, THE FEAR ASIDE OF LIKE, WHETHER IT BE SOMETHING AROUND ICE OR WHETHER IT BE SOMETHING AROUND PEOPLE NOT BEING ABLE TO GET INTO WORK, UM, THAT WE MIGHT BE ABLE TO KNOW ABOUT, THAT WE COULD SUPPORT.

UH, WE'VE BEEN, UM, NOT ONLY HELPING FUNDING, UH, OTHER ORGANIZATIONS THAT ARE DOING THIS WORK SUCH AS THE CENTRAL TRUST, SO THAT WAY THEY CAN GO OUT AND EDUCATE THE BUSINESSES SO THEY, THEY KNOW THEIR RIGHTS.

AND SO THIS IS VERY IMPORTANT TO US, AND I KNOW THAT THEY'VE BEEN OUT THERE AND TRY TO HOLD, UH, SEVERAL COMMUNITY MEETINGS AND FORUMS. BUT AGAIN, I THINK, YOU KNOW, IF YOU TALK WITH OUR BUSINESSES, OUR IMPACTED EMPLOYEES, THEY'RE AFRAID TO EVEN COME OUT TO A COMMUNITY MEETING.

SO A LOT OF IT REALLY HAS TO HAVE BOOTS ON THE GROUND AND JUST MEETING, MEETING THEM AT THEIR PLACE OF BUSINESSES SO THEY, THAT THEY KNOW THAT.

AND SO, UM, THAT'LL BE A CONTINUING EFFORT AS WE MOVE FORWARD.

AND OUR HOPE IS THAT, YOU KNOW, THE ENFORCEMENT WILL HOPEFULLY, UH, DIE DOWN IN THE FUTURE AND WE CAN GO BACK TO BEING, UM, A NORMAL, NORMAL PLACE OF BUSINESS.

UM, AND THEN THANKS FOR ALL THE UPDATES ON THE VARIOUS, YOU KNOW, PIECES OF, ESPECIALLY THE BUSINESSES, THE NEW BUSINESSES THAT ARE COMING INTO OUR CITY.

UM, BECAUSE I DO THINK THAT, YOU KNOW, OUR COMMUNITY GETS SOME, A LOT OF THAT INFORMATION, BUT NOT THE IMPACT, ESPECIALLY WHEN YOU TALK ABOUT THE 5,500 JOBS.

SO, UM, THANKS FOR SHARING THAT WITH US.

ONE THING I WANNA MENTION TOO, 'CAUSE I KNOW WE, YOU KNOW, THE BIG BUSINESSES TYPICALLY GET THE HEADLINE RIGHT, BUT WE PUT A LOT OF FOLKS ON OUR SMALL BUSINESSES, SMALL BUSINESSES, BIG BUSINESS.

AND I CAN TELL YOU WE'RE VERY PROACTIVE WHEN IT COMES TO MAKING SURE WE'RE SPOTLIGHTING OUR, OUR, OUR SMALL BUSINESSES WORKING WITH ALL OUR PARTNERS SUCH AS THE BUSINESS IMPROVEMENT DISTRICTS TO THE CHAMBER, TO DOING RIBBON CUTTINGS.

AND SO ANYTHING TIME YOU HEAR A GOOD NEWS SHARED OUT ON SOCIAL MEDIA, BECAUSE THERE'S SO MANY GREAT THINGS HAPPENING WITHIN OUR COMMUNITY AND SOMETIMES IT GETS OUTWEIGHED BY OTHERS.

THANKS COMMISSIONER NOVIN.

OH, UM, THANKS FOR THE PRESENTATION BE, I JUST WANTED TO FOLLOW UP, I KNOW WE TALKED ABOUT IN THE PAST, BUT AS THE, UM, ONE, IT'S REALLY EXCITING TO SEE THE CONCERTS GETTING ANNOUNCED IN THE AMPHITHEATER AND THE DIVERSITY IN 'EM.

I THINK IT'LL BE GREAT FOR EVERYBODY TO KIND OF HAVE THAT FIRST SHOW THAT THEY'RE EYEING.

UM, ARE WE STILL AS A CITY THINKING ABOUT NAMING OPPORTUNITIES FOR THAT AS AN ALTERNATIVE REVENUE SOURCE? AND I BRING IT UP BECAUSE, YOU KNOW, WHEN YOU TRAVEL TO OTHER CITIES, IT'S ALWAYS NICE TO HAVE THAT LOCAL CONNECTION WITH THE BUSINESS THAT ALSO SPONSORS THE LOCAL VENUES OR THE CITY

[01:40:01]

BIKES OR WHATEVER IT MAY BE.

SO IT SEEMS LIKE THERE'S A REALLY GOOD SYNERGY WITH ALL THE GREAT NEWS OF DIFFERENT COMPANIES COMING IN TO MAYBE EXPLORE SOMETHING WITH A LOCAL KIND OF CONNECTION AS WELL.

AND WE'VE, UM, BEEN WORKING VERY CLOSELY WITH LEGENDS GLOBAL AND AS YOU, UM, UH, SAW AT THE LONG BEACH AMPHI, THE GROUNDBREAKING, UH, THE PORT OF LONG BEACH WAS A FOUNDING, UH, UM, MEMBER, UH, FOR THE AMPHITHEATER PROJECT.

AND THERE'LL BE MORE ANNOUNCEMENTS TO COME AS FAR AS, YOU KNOW, FUTURE NAMING RIGHTS OF THE AMPHITHEATER, UH, OVERALL AMPHITHEATER, AS WELL AS, UH, UM, NAMING, UH, SPONSORSHIP RIGHTS WITHIN THE FACILITY.

AND MOST IMPORTANTLY ALSO WORKING WITH OUR SMALL BUSINESS COMMUNITY, MAKING SURE THEY HAVE OPPORTUNITIES TO, TO BE PART OF THE VENUE.

NICE.

NO OTHER COMMISSIONER COMMENTS OR QUESTIONS? UM, ANY PUBLIC COMMENTS, ANY MEMBERS OF THE PUBLIC THAT WOULD LIKE TO SPEAK PLEASE LINE UP AT THE PODIUM.

SEEING NONE.

SEEING NONE CAN TAKE A VOTE TO RECEIVE AND FILE THIS RECOMMENDATION.

? YES, THANK YOU.

OH, MOTION IS CARRIED.

THANK YOU SO MUCH FOR THAT REPORT AS ALWAYS.

UM, THANK YOUR TEAM FOR ALL THE WORK THEY DO WITH US AND, UM, WE'LL LOOK FORWARD TO HEARING A LOT MORE.

ISN'T IT GREAT THAT YOU DON'T HAVE TO SPEED THROUGH THAT THOUGH? OKAY.

COMMENT ON NON AGENDA ITEMS? ANYONE WHO WOULD LIKE TO SPEAK ON ANY ITEM NOT LISTED ON THE AGENDA, PLEASE LINE UP AT THE PODIUM.

UM, ANY, UM, PUBLIC

[PUBLIC COMMENT Opportunity to address the Economic Development Commission on non-agenda items. Each speaker is limited to three minutes to make their comments unless extended by the Chair.]

SEEING NONE.

ANNOUNCEMENTS? ANNOUNCEMENTS FROM ANYONE? WELL, OKAY, COMMISSIONER NOVIN, I'LL DO A QUICK, WHAT CITY STAFF WAS, UH, NICE ENOUGH TO PRINT OUT SOME MATERIAL FOR THE COMMISSIONERS.

UM, ANY

[ANNOUNCEMENTS]

UM, ERNST AND YOUNG'S BEEN RUNNING A ENTREPRENEUR OF THE YEAR PROGRAM SINCE 1986 TO CELEBRATE ENTREPRENEURS GLOBALLY, UM, AND THE COMMUNITY MAKING AN IMPACT IN THE WORLD OF BUSINESS.

AND WITH, UH, THE DEEP CONNECTIONS ON THIS COMMISSION AND WITH CITY STAFF, UM, VERY CLOSE TO THE COMPANIES COMING INTO THE GREATER LONG BEACH AREA, IT'D BE GREAT TO HAVE SOME LONG BEACH AND LONG BEACH ADJACENT COMPANIES NOMINATED AND CELEBRATED THIS YEAR.

UM, THE BEST, UH, ANALOGY I HAVE FOR IT IS IT'S LIKE MISS UNIVERSE.

WE HAVE REGIONAL PROGRAMS, WE'LL CELEBRATE AND RECOGNIZE LOCAL WINNERS.

THEY ADVANCE TO THE AMERICA'S FINAL AND THEN ONE WINNER, WE'LL MOVE ON, UM, TO REPRESENT THE US AND MONACO, UH, FOR THE GLOBAL WINNER.

BUT WE'VE HAD SOME REALLY IMPACTFUL WINNERS IN THE PAST IN THE LA AREA AND IT'D BE GREAT TO HAVE LONG BEACH REPRESENTATION AS WELL.

THANK YOU VERY MUCH COMMISSIONER ROVEN FOR SHARING THIS WITH US.

'CAUSE WE WANT A LONG BEACH BUSINESS TO GET THESE AWARDS.

COULD BE MR. UNIVERSE TOO, MR. OR MS. UNIVERSE.

I HAVE, UH, ANOTHER COMMENT FROM JULIE.

JUST A LITTLE BIT OF HOUSEKEEPING AND A RECOGNITION.

UH, SO YOU MAY HAVE RECEIVED FORM 700 EMAILS.

UH, THOSE ARE DUE IN APRIL.

IF YOU HAVEN'T DONE THOSE, UM, PLEASE, UM, MAKE YOUR WAY TO COMPLETING THOSE.

IF YOU HAVE ANY QUESTIONS, LET US KNOW AND THEN WE'LL CONNECT YOU TO THE PROPER STAFF.

UM, AND THEN, UH, LAST MONTH THERE WAS A QUESTION ON THE ANTICIPATED NEIGHBORHOOD MARKETPLACE PROFILES RELEASE DATE ON THAT.

SO, UM, WE'RE LOOKING TO RELEASE THE FIRST BATCH IN, UM, LATE FEBRUARY OR MARCH.

SO JUST WE'LL KEEP YOU UPDATED, UH, AS WE WORK TO FINALIZE THOSE.

UH, BUT WE WILL SHARE THOSE AS QUICKLY AS WE CAN.

UH, AND THEN LASTLY, I WOULD NOT BE DOING MY JOB IF I DID NOT LET YOU GUYS KNOW THAT OUR VERY OWN CARLA ANO HAS, UH, RECEIVED EMPLOYEE OF THE MONTH RECOGNITION.

YOU KNOW, THAT MIGHT, THAT SHOULD NOT BE SURPRISING.

YOU'RE RIGHT.

SHOULD NOT BE SURPRISING GIVEN THAT SHE KEEPS US ALL WHAT KEEPS ME, UH, IN A, YOU KNOW, STRAIGHT AND NARROW LINE AND MAKING SURE THAT WE HAVE EVERYTHING THAT WE NEED.

AND I KNOW SHE DOES AN EXCELLENT JOB COMMUNICATING WITH YOU ALL.

UH, SO JUST WANNA LET YOU GUYS KNOW THAT.

SO IF YOU GET A CHANCE, YOU KNOW, GIVE HER A LITTLE QUICK CONGRATULATIONS.

AND THAT'S ALL FROM MY END.

CARLA, DO YOU HAVE ANY WORDS FOR US? CONGRATULATIONS, .

I REALLY, I REALLY, UH, ENJOY WORKING WITH.

GREAT.

AND WE APPRECIATE YOU, ENJOY WORKING WITH YOU.

SO THANK YOU VERY MUCH AND CONGRATULATIONS.

THAT IS REALLY AMAZING.

UM, I THINK BELIEVE EVERYBODY HAD THEIR PICTURES TAKEN, RIGHT? UM, IS THE PHOTOGRAPHER STILL HERE? CAN WE GET A GROUP PICTURE AFTER? OKAY.

THAT WOULD BE REALLY GREAT IF WE COULD DO THAT.

YOU'LL, YOU'LL BE GETTING CALLS ABOUT YOUR COMMITTEE.

SEE NO OTHER ANNOUNCEMENTS OR ANYTHING.

EVERYBODY HAVE A GREAT MONTH.

WE'LL BE SEEING YOU AGAIN.

UM, WE HAVE ROLLING UP, UH, THE BIDS WILL BE COMING TO US AT ONE OF THE SESSIONS IN THE PORT OF LONG BEACH.

AND THEN WE ALSO HAVE A COUPLE OF OTHER AGENDA ITEMS THAT YOU'VE BEEN WORKING ON.

AND, UM,

[01:45:01]

SO OUR NEW, UH, WELCOME TO MILES COMMISSIONER NEVIN AND COMMISSIONER PEREZ.

ANDY, UM, HAPPY TO HAVE YOU HERE.

UH, WE'LL BE GETTING YOU TO BE ON A COMMITTEE, .

HAVE A GOOD EVENING.

AND THEN SHOULD WE JUST MOVE OVER HERE FOR A PICTURE? WHAT'S BEST? AND BEFORE YOU LEAVE, I NEED A ARE WE OH, DO HIR MIAMA.

WE ARE, ARE ADJOURNED.

[ADJOURNMENT]

WE CAN, WE CAN ALSO DO IT OUTSIDE BY THE LONG BEACH SIDE.

HAVE BETTER LIGHT THERE.

SO LEMME JUST GET A COUPLE OF SIGNATURES.

FIRST.

MIGHT BE PRETTY DARK.