Economic Development Committee

LOGITECH: THIS IS DAN FOR THE PLEDGE? LOGITECH: I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA, AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION, UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. LOGITECH: EXCUSE ME. PROFILE? LOGITECH: MEMBER ORCHARD? LOGITECH: PRESENT. LOGITECH: SEPTEMBER OF FIERRA. LOGITECH: SORRY, NO, MARIA FARIA. LOGITECH: MEMBER HILTON? HERE. LOGITECH: CHAIR… VICE CHAIRPERSON MAHMOOD. HERE. LOGITECH: MEMBER PRICE IS ABSENT. LOGITECH: CHAIRPERSON RICATELLO. PERIOD. LOGITECH: SO WARREN'S BEEN ESTABLISHED, CORRECT? LOGITECH: SO WE MOVE ON TO ITEM 4, WHICH IS CITIZENS ADDRESSING THE COMMITTEE. BUT WE WOULD LIKE TO COME FORWARD AND LOGITECH: ANY COMMENTS TO THE COMMITTEE? I DO! CAN YOU STATE YOUR NAME? I WILL TRY. MY NAME IS HISELA GREENHOUSE, AND I GO BY SELLA. LOGITECH: I LIVE OVER ON E STREET, AND I, THIS IS MAYBE MY SECOND OR THIRD TIME AT THE ECONOMIC DEVELOPMENT COMMITTEE, BUT ONE OF THE THINGS THAT I WAS THINKING ABOUT AS I WAS PREPARING TO COME HERE WAS I WANT TO ECHO SOMETHING THAT I HEARD ANOTHER CITIZEN SAY AS PUBLIC COMMENT. LOGITECH: I THINK IT'S UNDER THIS COMMITTEE. BUT, THERE… THE CALL WAS MADE BY THIS GENTLEMAN WAS THAT, WE'RE PUTTING IN THE GROUNDBREAKING FOR THE FLORIDA RANCH LOGITECH: COMPLEX, COMMERCIAL COMPLEX THAT'S GOING IN. AND, ONE OF THE THINGS HE SAID IS HE DID SOME RESEARCH ABOUT THE POST-TENANTS THAT WOULD BE INSIDE THAT, COMMERCIAL COMPLEX, AND THAT CITIZEN MENTIONED THAT THERE WAS GOING TO BE ANOTHER GROCERY STORE, MAYBE ANOTHER STARBUCKS, AND SOME OTHER THINGS THAT HE LISTED. BUT WHAT I REALLY APPRECIATED WAS WHAT HE HAD SAID, AS A FOLLOW-UP AS, WHAT HIS RESEARCH WAS. LOGITECH: THAT WE'RE PUTTING IN THINGS THAT ARE COMPETING AND NOT NECESSARILY DRAWING IN PEOPLE. SO WE'RE ADDING ANOTHER GROCERY STORE DOWN LINCOLN BOULEVARD, WE'RE ADDING ANOTHER, GAS STATION, I THINK, ANOTHER STARBUCKS. IN THAT CORNER, THERE'S GONNA BE NOW THREE STARBUCKS. LOGITECH: SO WHAT I REMEMBER THAT THIS, COMMITTEE DOES IS THAT THEY HAD GONE TO SOME EVENT TO TALK TO VENDORS AND TO DRAW THEM IN AND TELL THEM ABOUT OUR LITTLE CITY, AND SO I KNOW THAT WE HAVE A DESIROUS PLACE TO BE, BUT AS WE, LOOK TO, ADD THESE COMMERCIAL SPACES, WHICH WE HAVE VERY LITTLE IN THE CITY OF LINK THAT ARE AVAILABLE RIGHT NOW, AND THAT THEY'RE GOING TO BE COMING IN A FEW YEARS, THAT WE THINK OUTSIDE THE BOX OF WHAT THINGS WE DON'T HAVE. LOGITECH: AND THAT WE THINK ABOUT THE CURRENT RESIDENTS AND NOT NECESSARILY SPLITTING THE BUSINESS BETWEEN GROCERY STORES, BUT FINDING WAYS TO ATTRACT PEOPLE IN. I KNOW THE DEVELOPMENT BY THE RODEO, GROUNDS HAS ALSO BEEN MOVED ALONG, AND I THINK THAT'S KIND OF SOMEWHERE THAT'S VERY CLOSE TO LOGITECH: THE NEXT STEP, WHATEVER THAT LOOKS LIKE. AND SO I JUST WANT TO, URGE OUR COMMITTEE AND OUR CITY TO THINK ABOUT THOSE VENDORS OR THOSE COMPANIES THAT MAY NOT EVEN BE IN LINCOLN, THAT WE DO SEE IN OUR TRAVELS, THAT WE CAN GO TO, AND IF YOU… LOGITECH: REALLY NEED SOMEONE TO GO KNOCK ON OUR DOOR, YOU KNOW, I'LL DO IT. THANKS. APPRECIATE THAT, THANK YOU. ANYONE ELSE IN THE ORDINANCE THAT WOULD HAVE TO SPEAK TO THE COMMITTEE? SEEING NONE, WE'LL MOVE ON TO THE NEXT ITEM, WHICH IS APPROVAL OF MINUTES. DO I HAVE A MOTION ON APPROVAL OF THE MINUTES? MOTION TO APPROVE. I HAVE A SECOND. LOGITECH: SECOND. LOGITECH: WE'VE BEEN SECONDARY? LOGITECH: ALL IN FAVOR? AYE. ANY OPPOSED? MINUTES ARE APPROVED. LOGITECH: WELL, THE NEXT ITEM IS THE, SUBCOMMITTEE REPORT OUT. LOGITECH: I'M NOT EXACTLY SURE WHERE WE'RE GONNA GO, BUT SOMETHING TO REPORT IT AT THIS POINT IN TIME. UNLESS THERE'S ANY UPDATES REGARDING THE CARNEGIE, I DON'T THINK WE HAVE ANY OTHER… LOGITECH: OKAY, WELL, IN THE CARNEGIE, WE'VE RECEIVED THE FUNDING… THE NONPROFIT HAS RECEIVED THE FUNDING FOR THE RENOVATION OF THE BUILDING, SO THEY'RE IN THE PROCESS OF, WORKING WITH THE CITY ON IDENTIFYING, VENDORS AND CONTRACTORS THAT WOULD COME IN AND DO THE VARIOUS RENOVATIONS NEEDED TO LOGITECH: REOPEN THE BUILDING. OUR, THE NONPROFIT IS LOOKING TO FINISH THE WORK AND OPEN THE BUILDING BY, FEBRUARY OF NEXT YEAR, SO THAT'S OUR GOAL. LOGITECH: HOPEFULLY, IF YOU DON'T RUN INTO ANY SURPRISES WHEN YOU OPEN UP A 100-YEAR-OLD PLUS BUILDING, YOU WON'T RUN INTO SOMETHING YOU DIDN'T ANTICIPATE, SO HOPEFULLY THAT WON'T BE THE CASE HERE, AND THINGS WILL MOVE ALONG PRETTY QUICKLY AND SMOOTHLY. LOGITECH: FINISHED AND READY FOR OCCUPANCY WITHIN A YEAR. THAT'S OUR GOAL, AND LOGITECH: WE'RE GONNA STICK TO IT, AS LONG AS WE CAN. WHERE DID THE FUNDING COME? LOGITECH: SO, MOSTLY THE FEASIBILITY STUDY, BUT IT WAS ALL, FEASIBILITY STUDY WAS MOSTLY FROM THE CITY, IT WAS THE ARPA MONEY, AND THERE WAS SOME PRIVATE MONEY THAT CAME IN TO HELP SUPPORT THAT. AND THEN THE LION'S SHARE OF THE MONEY ON THE RESOLUTION IS, AGAIN, ARPA MONEY, WITH SOME PRIVATE MONEY IS ATTACHED TO THAT AS WELL. LOGITECH: WE'RE GONNA BE STARTING TO, LOGITECH: WORK ON SETTING UP A POLICE WEBSITE FOR THE PROJECT. LOGITECH: AND GIVE PEOPLE THE OPPORTUNITY TO, IF THEY WANT TO, CONTRIBUTE FOR SOME OF THE THINGS THAT ARE CURRENTLY FUNDED, TO CONTRIBUTE FUNDING FOR THAT. SO WE'RE IN THE PROCESS OF GOING THROUGH THAT. LOGITECH: THE PROCESS OF SETTING UP A WEBSITE AND MAKING IT POSSIBLE FOR INDIVIDUALS TO CONTRIBUTE TIME TO OUR LIFE. LOGITECH: SO, HOPEFULLY IN THE NEXT COUPLE MONTHS, WE'LL… LOGITECH: A VERY… WE'RE ALL VOLUNTEERS, AND SO THERE'S ONLY SO MUCH TIME THAT CAN BE DEVOTED INTO IT, SO WE'RE DOING OUR BEST. LOGITECH: WHAT'S THE MISSION OR GOAL OF THE CARNEGIE PROJECT? SO, THE FEASIBILITY STUDY THAT WAS DONE BY AMS CONSULTING OUT OF SACRAMENTO RECOMMENDED THAT IT BE FOCUSED ON THE CLAY ARTS, SO IT'S GOING TO BE A CERAMIC CLAY ART CENTER, SO IT'S PROBABLY THE MAIN LEVEL OF THE BUILDING. LOGITECH: I WILL BE DEVOTED TO STUDIO SPACE FOR ARTISTS TO ACTUALLY WORK AND PRODUCE ART IN THAT LOCATION. LOGITECH: AND THEN THE DOWNSTAIRS WILL BE A WORKSHOP, SO WE CAN HAVE CLASSES AND THE ABILITY FOR INDIVIDUALS TO BRING IN PIECES TO WORK ON ON AN ONLINE BASIS. SO THE DOWNSTAIRS WILL BE A WORKSHOP, AND THE UPSTAIRS WILL BE ARTIST STUDIOS. WE'RE DESIGNING IT SO IT'S FLEXIBLE, SO WE CAN REARRANGE IT AS, LOGITECH: DEMAND DICTATES OVER TIME, OR IF WE WANTED TO, LET'S SAY, HAVE AN EVENT ON THE MAIN LEVEL, WE CAN MOVE THE, LOGITECH: LARGE STUDIO OF EQUIPMENT TO THE SIDE, OR EVEN OUTSIDE IF WE HAD TO, TO HOST AN EVENT WITHIN THAT SPACE. AND THEN WE'RE ALSO LOOKING AT A PHASE 2 WOULD INVOLVE THE LITTLE LOT BEHIND IT, SCOTT HALL. I CALL IT THE SKYPE HALL PARK. LOGITECH: INTO AN OUTDOOR GAME AND PUBLIC ART SPACE. THAT'S OUR PLACE, TOO. LOGITECH: I'LL LET IT BE NOW OKAY. LOGITECH: JASON PRICE HAS, JOIN THE MEETING. LOGITECH: SO THAT'S ALL I HAVE ON THE, CARNEGIE. I THINK SO. LOGITECH: I DON'T KNOW, JOHNNY, DO YOU HAVE ANY UPDATES ON SPORTS AND TOURISM? LOGITECH: NO, IT'S NOT… WE WERE BASICALLY… LOGITECH: WE HAVEN'T MET SINCE… SINCE WE'VE DECIDED NOT TO HAVE SUBSIDY. YEAH, SO THAT MAKES SENSE. LOGITECH: OKAY. THERE'S A POTTER'S GAME LATER THIS WEEK. LOGITECH: OKAY, THAT'S, IT ON THE REPORTS OUT. SORRY, DID YOU SAY SPORTS AND TOURISM IS A SUBCOMMITTEE THAT JOANNA CHAIRS? JOANNA DID SHARE A SPORTS AND TOURISM SUBCOMMITTEE THAT DID HAVE A REPORT OUT, DID HAVE A FINAL REPORT. RECOMMENDATIONS. LOGITECH: I HAD AN IDEA THAT I'LL TALK TO RAFTERS ONE NIGHT. OKAY, WELL, IT'S NOT… NO LONGER… ACTIVE. LOGITECH: BUT I'M CERTAINLY HAPPY TO HEAR AN IDEA. LOGITECH: OH, WELL, MY MOM, SHE WAS IN, I MEAN, IT'S NOT ON YOUR AGENDA. YOU GOT IT. I DIDN'T KNOW IF WE WERE TALKING ABOUT THIS. LOGITECH: I'LL TALK TO YOU AFTER, THANK YOU. SO, WITH THAT, WE'LL MOVE ON TO THE NEXT ITEM NUMBER, ITEM 7, WHICH IS STAFF UPDATES. ERIN? LOGITECH: I KNOW WE HAVE HAD A COUPLE OF QUESTIONS AS IT RELATES TO, THE VARIOUS COMMITTEES, INCLUDING THIS COMMITTEE AND VACANT, POSITIONS, SO I KNOW, I THINK SEAN HAS A LITTLE MORE DETAIL THAN I DO IN TERMS OF WHAT STEPS ARE BEING TAKEN MOVING FORWARD WITH CITY COUNCIL. LOGITECH: YEAH, SO, NEXT… OOPS, TUESDAY. NEXT TUESDAY, 4 O'CLOCK? 4.30. 4.30. 4.30, WE'RE DOING A WORKSHOP ON ALL THE COMMITTEES. LOGITECH: TO INCLUDE EBC. I THINK… I DON'T KNOW IF WE TALKED ABOUT THIS LAST TIME, BUT WE'RE GONNA… THERE'S A LOT OF… LOGITECH: I THINK WE'RE GONNA TRY TO TACKLE. SO, IF YOU LOOK AT OUR CODE, LOGITECH: THE MEDIA GROUP SORT OF, LIKE, HAS CREATED ALL THESE COMMITTEES, AND WHEN THEY DID IT, IT'S CLEAR THAT THEY SORT OF DID IT IN A PIECEMEAL WAY, WHERE THEY DECIDED AT SOME POINT, OH, WE NEED AN EDC, AND OH, WE NEED A FINANCE COMPANY, OH, WE NEED THIS. LOGITECH: AND THEY DIDN'T REALLY CREATE, SORT OF, UNIFORM GUIDELINES ABOUT, LIKE, HOW MANY PEOPLE SHOULD BE ON THAT COMMITTEE, HOW LONG SHOULD YOU SERVE, DO YOU HAVE TO LIVE IN LINCOLN? LOGITECH: YOU KNOW, WHAT IS ATTENDANCE… LOGITECH: REASONABLE TENANTS THINGS, WHEN SHOULD THE COMMITTEES MEET, AND SHOULD THEY JUST DECIDE ONE AS OPPOSED TO, YOU KNOW, BEING IT FOR THEM TO MEET? THERE'S A LOT OF… JUST A LOT OF, DIFFERENCES BETWEEN THEM, AND, WHAT WE FOUND IS THAT LOGITECH: EVERY COMMITTEE IS SUPER DIFFERENT THAN THE NEXT. SOME OF THEM ARE QUARTERLY, AND SO ATTENDANCE REALLY ISN'T SO MUCH AN ISSUE. OTHERS, LIKE, FOR EXAMPLE, FIAC MEETS THE LATE AFTERNOON, AND SO THAT SOMETIMES IS MORE EASY FOR FOLKS TO SHOW UP, YOU KNOW. LOGITECH: JOBS AND THINGS. AND, SO, LOGITECH: WHAT THE COUNCIL HAS ASKED IS THAT WE TAKE A LOOK AT ALL OF THEM AND TRY TO CREATE, AS BEST WE CAN, KIND OF SOME UNIFORM GUIDELINES ABOUT, LIKE, MAKEUP AND AMOUNT OF COMMITTEE MEMBERS. LOGITECH: MEETING TIMES. LOGITECH: RESIDENCY REQUIREMENTS, THERE'S A BUNCH OF THINGS I'M FORGETTING, BUT ANYWAY, THEY'RE GOING TO HAVE THAT DISCUSSION, AND SO I ENCOURAGE, IF YOU'RE ABLE TO ATTEND, OR JUST KIND OF ROLL OVER IF YOU HAVE FEELINGS ABOUT WHAT WORKS AND DOESN'T WORK. LOGITECH: THE MAKEUP OF THE COMMITTEE, SO SHOOT ME AN EMAIL. I THINK WE'RE GOING TO TRY TO RESTRUCTURE ALL OF THAT SO THAT IT JUST MAKES SENSE. ONE OF THE THINGS, JUST TO HAVE YOU THINK ON IT A LITTLE BIT, IS WE'VE BEEN TALKING ABOUT TERM A LOT, LOGITECH: I THINK EDC MEMBERS HAVE 4-YEAR TERMS. LOGITECH: AND THERE'S A QUESTION ABOUT WHETHER OR NOT THAT'S REASONABLE. LOGITECH: 4 YEARS IS A LONG TIME. AND SO, LIKE, WHEN YOU SIGN UP, YOU MIGHT BE KIND OF EXCITED, AND THEN YOU DON'T REALLY THINK ABOUT THE… YOU KNOW, THAT'S COLLEGE, BASICALLY, RIGHT? SO, MAYBE IT WAS A LITTLE LONGER, BUT… SO, LOGITECH: SO WE'RE GONNA TRY TO… ONE OF THE IDEAS WE'VE BEEN THINKING ABOUT IS PERHAPS IT MAKES MORE SENSE FOR PEOPLE, BECAUSE, LIKE, YOU KNOW, I'M SURE MOST PEOPLE HERE COULD ADMIT THAT WHEN YOU GET ONTO EDC, YOU MAY NOT KNOW EXACTLY WHAT YOU'RE REALLY STEPPING INTO TO START, AND, TO SAY, HEY. LOGITECH: GOOD LUCK FOR 4 YEARS DOESN'T SEEM VERY FAIR, SO WE'RE THINKING ABOUT MAYBE IT MAKES MORE SENSE FOR 2 YEARS, AND THEN IF PEOPLE DON'T REALLY LIKE IT, THEY CAN JUST LOGITECH: MOVE ON, OR THEY WANT TO STAY, RIGHT? STUFF LIKE THAT. SO, ANYWAY, IF YOU HAVE THOUGHTS, PLEASE SHOOT ME A NOTE, AND WE WANT TO MAKE IT SO THAT… WE WANT TO ENCOURAGE PEOPLE TO PARTICIPATE. WE DON'T WANT TO MAKE IT SO ONEROUS THAT, YOU KNOW, IT FEELS LIKE TRULY A SECOND JOB. THAT'S NOT REALLY THE POINT HERE. LOGITECH: SO, WHEN WAS THE MEETING AGAIN? NEXT TUESDAY AT 4.30. LOGITECH: I THINK IT'S IN THIS ROOM, YEAH? OKAY. LOGITECH: JOHN, ARE YOU GUYS EVALUATING THE INVITATION AS WELL AS, THE APPOINTEES AND HOW TO RECRUIT PEOPLE? YEAH, IN FACT, ACTUALLY, WE'RE GONNA BE… I SEE A LOT OF PEOPLE SERVING ON THE SAME COMMITTEE, OR, I MEAN, DIFFERENT COMMITTEES WITH THE SAME PERSON, JUST DIVERSITY. YEAH. LIKE MR. PRICE. OH, YEAH, WHAT ELSE DO YOU WANT? A LOT. LOGITECH: COMMITTEE-WISE, NOTHING. BUT I'M ON THE SCHOOL BOARD. OH, OKAY. SO I THINK THAT… YEAH, I MEAN, WE'VE KEPT MY TIME, WHICH I AGREE. SO THE, COMMITTEES ARE GOVERNED BY THIS, LAW CALLED THE MADDIE ACT, AND SO IT REQUIRES THAT WE RECRUIT LOGITECH: SIMILAR TO HOW YOU WOULD RECRUIT FOR A POSITION, YOU KNOW, YOU'D PUT IT OUT FOR EVERYONE, AND EVERYBODY SHOULD HAVE THIS CO-EQUAL CHANCE AT LOGITECH: YOU KNOW, COMPETING FOR IT. WHAT HAS HAPPENED IN THE PAST, THOUGH, TO BE HONEST, IS THAT SOMETIMES WE DON'T GET A HUGE RESPONSE, LOGITECH: AND SO THE COUNCILS HAD TO SORT OF JUGGLE A LITTLE BIT TO MAKE SURE THAT SEATS STAY FILLED, AND THEY'LL HAVE TO, YOU KNOW… SOME PEOPLE… WE'VE HAD A SITUATION HERE, BUT WHERE A GENTLEMAN APPLIED TO BE ON THE AIRPORT COMMITTEE, AND WE WERE FULL AT THAT TIME, AND SO THEY PUT HIM ON LOGITECH: ARMS OF IRAQ OR SOMETHING LIKE THAT INSTEAD, BECAUSE THEY FELT LIKE THEY WANTED TO GIVE THEM AN OPPORTUNITY, AND I'M NOT SURE THAT YOU REALLY WANTED TO LOGITECH: DO THAT. SO, YEAH, WE'RE LOOKING AT THAT. LOGITECH: THAT'S ALL I GOT ON THAT ONE. OKAY, GREAT. SO I'LL ENCOURAGE ANYONE THAT'S INTERESTED IN PUTTING SOME INPUT INTO THAT PROCESS TO GO UP TO THE COUNCIL DISCUSSION NEXT TUESDAY AT 4 30 P.M. LOGITECH: THANK YOU, CHANTRA. LOGITECH: NEXT ITEM, 7B, IS PARKING LOT CLOSURES. YEAH. TEAM EFFORT. TEAM EFFORT. NO ONE WANTS TO TAKE… I'LL JUST TAKE THE… OKAY, SO, WE TALKED ABOUT THIS DURING COUNCIL PROMISE LAST NIGHT, BUT, JUST KIND OF GET EVERYBODY ON THE SAME PAGE. OKAY, NEXT. LOGITECH: SO, TWO YEARS AGO, WE WENT AND DEVELOPED THIS CITYWIDE SOLAR PROJECT. IT INCLUDES DOWNTOWN PARKING LOTS, IT INCLUDES THE RECREATION CENTER, IT INCLUDES PUBLIC WORKS YARD, IT INCLUDES THE PICKLEBALL COURTS AT MCBEAN. LOGITECH: AND A FEW OTHER, WELL, YEAH, POLICE STATIONS. AND IT'S A, IT'S A BIG PROJECT, IT'S VERY EXPENSIVE, AND IT, IS ESTIMATED TO SAVE, MINIMALLY, AROUND $26 MILLION. LOGITECH: OVER THE LIFE OF THE PROJECT. SO IT'S A BIG DEAL, AND WHEN YOU LIVE IN PG&E TERRITORY, AS WE DO, THAT NUMBER COULD GET MUCH LARGER IN TERMS OF SAVINGS BECAUSE OF HOW RATES INCREASE IN, THAT TERRITORY. LOGITECH: SO IT'S A HUGE DEAL FROM A SAVINGS PERSPECTIVE. WE TRIED TO PICK LOCATIONS THAT WE WERE GETTING DUAL BENEFITS OUT OF, SO THE PARKING LOTS DOWNTOWN WERE IMPORTANT TO US BECAUSE LOGITECH: IF YOU WORK DOWN HERE, LIKE I DO, THERE'S NOT A TON OF SHADE DOWN HERE, AND SO PEOPLE LIKE TO PARK IN THE SUMMER AND SHADE, AND SO WE THOUGHT THAT'S A NICE LITTLE ADDED BENEFIT. AND ALSO, IT'S GOING TO INCLUDE, EV CHARGING, A COUPLE EV CHARGING LOCATIONS FOR PEOPLE THAT MAY LOGITECH: WANT THAT. SO WE VIEWED IT AS A VALUE ADD. AND IF YOU THINK ABOUT IT, LOGITECH: DOWNTOWN HAS HAD… I DID SOME THINKING, I GUESS, THE OTHER DAY. TO MY MEMORY, THERE HAVE ONLY BEEN 3 MAJOR IMPROVEMENTS TO DOWNTOWN IN 25 YEARS. LOGITECH: ONE IS THIS BUILDING THAT WAS BUILT ABOUT 25 YEARS AGO. TWO IS THE BUILDING THAT'S KITTY-CORNERED TO US, THAT WAS BUILT LAST YEAR. LOGITECH: AND THREE WILL BE THE SOLAR PROJECT. SO, THERE HASN'T BEEN A LOT OF IMPROVEMENTS DOWNTOWN, AND SO WE KNEW THAT WHEN YOU CHANGE THINGS IN AN AREA THAT HAS RELATIVELY REMAINED UNCHANGED FOR A REALLY LONG PERIOD OF TIME. LOGITECH: YOU'RE GONNA GET SOME… LOGITECH: GO BACK. SO WE SPENT A LOT OF TIME TALKING ABOUT THIS, GOING BACK 18, 24 MONTHS. TALKED ABOUT DLA, TALKED ABOUT IT AT CHAMBER, TALKED ABOUT IT INDIVIDUALLY WITH PEOPLE, I THINK WE PROBABLY TALKED ABOUT IT HERE. LOGITECH: IT WAS WRITTEN ABOUT SIGNIFICANTLY, AND WE'VE JUST TALKED AND TALKED AND TALKED AND TALKED ABOUT IT. AND WE PUSHED OFF, THE FIRST PROJECT TO GO WAS THE ONE OVER BY KSAT OAKS, THAT NOW IS ALMOST COMPLETE. CONTRACTORS ARE NOW MOVING OVER HERE. LOGITECH: AND, PRIOR TO… WE WERE TRYING TO DECIDE WHEN IS THE BEST TIME TO DO THIS, BECAUSE THERE SIMPLY WILL BE SOME DISRUPTION. AND WE ALMOST WENT BEFORE THE CHRISTMAS HOLIDAY. LOGITECH: IS THAT THE CONTRACTOR WAS LINED UP WITH ALL THE SUBS TO GO, AND WE TALKED WITH THE CHAMBER AND SOME OTHERS, AND WE SAID… EVERYBODY KIND OF AGREED, YOU KNOW, LET'S JUST LET ALL THE CHRISTMAS ACTIVITIES AND ALL THAT STUFF KIND OF HAPPEN NOW, AND STAY OUT OF THAT, AND WE'LL JUST PICK IT UP IN THE NEW YEAR, AND EVERYBODY WAS GENERALLY OKAY WITH THAT. LOGITECH: SO, FIRST WEEK OF JANUARY COMES. LOGITECH: WE PUT OUT NOTICE THAT, WE'VE ACTUALLY BEEN MISREPRESENTED A LITTLE BIT. WE GAVE THIS INFORMATION TO THE CHAMBER TO MAKE SURE IT WAS CIRCULATED, AND THEN PUT OUT OUR OWN NOTICE. LOGITECH: THE INITIAL FEEDBACK THAT WE RECEIVED WAS A LOT OF ANGER ABOUT THE LACK OF NOTICE, THAT THEY WANTED MORE NOTICE. IT WAS A MATTER OF DAYS VERSUS WEEKS. LOGITECH: AND, SO THAT WAS THE INITIAL, KIND OF, ANGER. AND SO, I GOT ON THE PHONE WITH A COUPLE OF DOWNTOWN BUSINESSES. LOGITECH: TRY TO GET AN IDEA ABOUT. LOGITECH: YOU KNOW. LOGITECH: WHAT'S THE DEAL? WHAT ARE WE REALLY WORRIED ABOUT? AND OF COURSE, IT REALLY WASN'T THE NOTICE, AS MUCH AS IT WAS THAT BOTH PARKING LOTS WERE TEED UP AT THE EXACT SAME TIME. THE BIG ONE HERE, AND THAT ONE THERE. AND I THINK IT'S A FAIR CRITICISM. WE WERE OF A MIND THAT, HEY, THIS IS A PAINFUL LOGITECH: SHORT-TERM EXPERIENCE, AND SO IT MIGHT JUST BE BEST TO GET THE PAINT ALL OUT NOW, AND NOT LENGTHEN IT OUT. WHAT I HEARD FROM THE DOWNTOWN BUSINESSES NOW, WE DON'T REALLY AGREE WITH THAT. WE'RE REALLY CONCERNED ABOUT WHAT THIS MIGHT DO TO OUR BUSINESSES. LOGITECH: AND SO, I SAID, OKAY, IT COST US A GOOD CHUNK OF EXTRA MONEY IN THE PROJECT BUDGET, BUT WE PHASED IT, SO THAT ONE'S GOING NOW. THEY ALREADY HAVE STEEL BEAMS UP. LOGITECH: AND THAT ONE WON'T START UNTIL, LOGITECH: PROBABLY THE SPRING. AND SO I ASKED THE BUSINESSES THAT I TALKED TO, I SAID, LOOK, I'M GONNA LEAN ON YOU SIGNIFICANTLY ABOUT WHERE WE GO HERE. IT'S A GAMBLE. LOGITECH: SO, YOU EITHER TAKE THE PAIN NOW, AND WE JUST GET THROUGH IT QUICK, OR WE WAIT AND DO THE SMALLER LOT IN THE SPRING. DOWNSIDE OF THAT, OF COURSE, IS THAT IT'S THE SPRING, AND IT MAY… IT'S A NICER TIME OF YEAR, OR IT MAY BLEED A LITTLE BIT INTO THE EARLY SUMMER, PEOPLE… LOGITECH: WE'LL BE DOWN HERE MORE THAN THEY ARE WHEN IT'S SPRING AND COLD AND WET, SO MAYBE IT'S NOT SO GOOD TO DO THAT. AND THERE, THEY DISAGREED. THEY SAID, LOOK, WE THINK THAT, WHEN IT'S NICER, PEOPLE ARE MORE WILLING TO PARK A LITTLE FURTHER AWAY AND WALK. LOGITECH: NOPE. SO THAT'S WHAT WE'RE DOING. AND IT WAS, YOU KNOW, TO… IT'S MY RESPONSIBILITY, AND SO I SAID LAST NIGHT, IN RETROSPECT. LOGITECH: IT'S REALLY TOUGH IN GOVERNMENT TO FIGURE OUT HOW MUCH NOTICE IS APPROPRIATE NOTICE. LOGITECH: YOU CAN OVER-NOTICE AND PEOPLE IGNORE IT. LOGITECH: AND THEN, IN THIS SITUATION, I THINK THEY WOULD HAVE LIKED ANOTHER LETTER, MAYBE IN MID-DECEMBER OR SOMETHING. I'M NOT SURE IT WOULD HAVE MATTERED. I THINK WE WOULD HAVE STILL BEEN IN THIS POSITION WHERE THEY'RE CONCERNED ABOUT THE TIMING. SO, SEEMS TO HAVE ALL WORKED OUT NOW. I DIDN'T, YOU KNOW, TO TAKE YOUR FEEDBACK, BUT, I COME EVERY DAY. MOST OF CITY STAFF IS PARKING WAY, WAY DOWN, 6TH STREET. LOGITECH: BUT WE HAVEN'T NOTICED ANY SERIOUS COMPACTION ISSUES AT ALL. LOGITECH: SEEMS TO BE SUFFICIENT PARKING ON STREETS. LOGITECH: I HAVEN'T HEARD YET FOR SURE THAT ANYBODY'S REALLY SEEN ANY KIND OF DEAL. LOGITECH: THEIR CUSTOMERS TELLING THEM, HEY, FORGET IT, I'M NOT COMING TO GO BUY SOMETHING FROM YOU UNTIL THIS ONE WALK AT HALF A WALK. SO I DON'T THINK IT'S A HUGE DEAL, BUT IT IS FUNNY BECAUSE WE'VE, AS WE ALL KNOW, WE'VE SPENT, YOU KNOW, SO MUCH TIME HERE PARKING THAT, IT IS STILL VERY SENSITIVE. LOGITECH: SO, ANYWAY, THAT'S WHERE IT'S AT. HAPPY TO ANSWER QUESTIONS ABOUT IT. IT'S REALLY GOING TO BE A GREAT PROJECT. I THINK IT'S GOING TO LOOK NICE, AND IT'S GOING TO PROVIDE OTHER BENEFITS, SAVINGS TO YOUR TAX DOLLARS. LOGITECH: ANY QUESTIONS? LOGITECH: WHO DID THE SOLAR. A COMPANY'S CALLED SITELOGIC, AND, THEY'VE DONE A BUNCH OF, DIFFERENT, LOGITECH: JURISDICTIONS AROUND HERE, AND THE REASON WE PICKED THEM VERSUS OTHER VENDORS IS THEY'RE THE ONLY ONE WE COULD FIND THAT BOTH DESIGNED AND ARE THE GENERAL CONTRACTOR. USUALLY YOU GET ONE THAT JUST GIVES YOU THE STUFF, AND YOU DON'T HAVE TO GET IT OUT. LOGITECH: AS A WAY TO MAYBE MITIGATE THIS A LITTLE, IS IT POSSIBLE TO MOVE AHEAD ON, LOT EXTRA FIELDING? YEAH, THAT'S COME UP A COUPLE TIMES, TOO, WITH OTHER MEMBERS OF THE DOWNTOWN, BUSINESS, AND SO ONE OF THE THINGS THAT, I JUST GOT AN EMAIL YESTERDAY TO BE ASKED, LOGITECH: BEEN HERE. LOGITECH: QUARTER-YEAR, BUDGET ADJUSTMENTS, IN EACH BUDGET, AND SO IF WE CAN… I THINK, JUST ABOUT ENOUGH TO DO THE ONE BY ONE. LOGITECH: BUT REALISTICALLY, EVEN IF IT WAS APPROVED THIS SECOND, IT WOULDN'T HAPPEN IN THE NEXT 6 OR 8 MONTHS. BUT EVEN ANNOUNCING IT MIGHT… LOGITECH: JUST BE A BIT OF PRESSURE. HOW MANY SPOTS WOULD GO IN THERE? ROUGHLY 30, I THINK. BETTER THAN NOTHING, YEAH. THAT'S PRETTY GOOD. LOGITECH: AND IT'S, YOU KNOW, FIELD HAVEN'S EXCITED ABOUT IT, AND… YEAH. BUT YOU KNOW WHAT'S FUNNY IS, WE DECIDED TO TEST SOME THINGS OUT, BECAUSE WE, YOU KNOW. LOGITECH: PEOPLE JUST PARK AS CLOSE AS THEY CAN, I GUESS, MOST OF THE TIME. SO, THE FIRST FEW DAYS, I PARKED OVER AT THE CIVIC, BECAUSE I WANTED TO SEE, LIKE, WHAT'S THE DISPERSION OF PARKING? AND IT WAS THE SAME AS THE CIVIC. IT WAS, LIKE, A SEA OF PARKING AVAILABLE FOR EVERYONE. YEAH, THAT'S OKAY. SO… LOGITECH: IT'S, MORE SIGNAGE WOULD HELP THAT. YEAH, WHAT WAS THAT? YES, WE'VE SAID MANY TIMES. WE HAVE TALKED, ACTUALLY, WITH THE DOWNTOWN, THE CORE BUSINESSES DOWN HERE ABOUT A FEW CREATIVE IDEAS, LIKE, SOMETHING WE'LL PROBABLY DO ON THE SMALLER LOTS, BUT USE IT A LITTLE MORE. LOGITECH: IS CREATE SOME SIGNAGE THAT, LOGITECH: DIRECTS PEOPLE TO ALTERNATE LOCATIONS THAT ARE WALKABLE TO THEM, LIKE RIGHT HERE. AND I THINK THE KEY WORD THERE IS FREE. LOGITECH: YEAH. OKAY. YEAH. YOU KNOW WHAT ELSE IS FUNNY, IS THE OTHER THING THAT GOT BROUGHT UP, I DON'T REMEMBER WHERE WE WERE. LOGITECH: FORGET. BUT SOMEBODY BROUGHT UP THAT, HEY, YOU KNOW, YOU REALLY JUST AREN'T FORCING YOUR TWO-HOUR TIMELINES. LOGITECH: IT'S CONTROVERSIAL. AND I WAS LIKE… LOGITECH: YEAH, WE DISCUSSED THAT. I DON'T… LOGITECH: WE… WE COULD, I JUST THINK THAT IF YOU WANT A DIFFERENT KIND OF ANGER… EXACTLY. BUT I JUST WOULD SAY, I ONLY MENTIONED ALL THIS BECAUSE I WANTED YOU TO KNOW WHAT WAS GOING ON, BECAUSE IT IS ED-RELATED, BUT MORE THAT I THINK IT'S AN INTERESTING REAL-WORLD TEST OF WHAT IS… HOW MUCH CAN WE REALLY SHOULDER WHEN YOU DELETE LOGITECH: THAT LOT IS PROBABLY 60 OR 70 SPACES. LOGITECH: SO, I'M INTERESTED TO SEE OVER THE NEXT NUMBER OF MONTHS, LIKE, IS IT REALLY THAT DISRUPTIVE? LIKE, YOU KNOW, YOU DON'T REALLY KNOW, WE'RE JUST SORT OF ASKING IF THERE'S NOT ENOUGH PARKING. NOW WE DON'T TECHNICALLY HAVE ENOUGH, SO LET'S SEE HOW IT WORKS OUT. LOGITECH: HOW LONG IS EACH LOT SUPPOSED TO TAKE FOR THE SOLAR PROJECT? DEPENDS, SO… LOGITECH: IT'S NO LONGER THAN 8 WEEKS. YEAH, 6 TO 8 WEEKS, YES. BUT THE ONE OVER AT CREEKSIDE OAKS, BEAMS WERE UP AND THE PANELS WERE UP IN, LIKE, 2 WEEKS. AND SO, ONCE THEY DO THAT, THEY CAN OPEN UP MOST OF THE PARKING LOT, AND THERE'S JUST ELECTRICAL WORK THEY'RE DOING, SO… IT COULD GO REALLY FAST, IT JUST DEPENDS ON WEATHER. LOGITECH: SO I WANTED TO ASK, MAYBE YOU SAID, ARE THE CIVIC, THE LOTS BEHIND THE CIVIC AUDITORIUM, ARE THEY ALSO GOING TO GET SOLAR PANELS? NO, WE THOUGHT ABOUT THAT SITE TOO, BUT, THE… LOGITECH: TOPOGRAPHY OF THE SITE IN TERMS OF WHERE THE SHADE FELL, FOR SOME REASON, DIDN'T WORK VERY WELL, AND THEN, IT ALSO MATTERS ABOUT… ONE OF THE THINGS THAT'S HAPPENING, WHY IT SAVES SO MUCH MONEY, IS THIS BUILDING IS VERY EXPENSIVE TO POWER, YOU CAN IMAGINE. SO WE'RE ACTUALLY TRENCHING UNDER THE ROADWAY, OR BORING UNDER THE ROADWAY. LOGITECH: TO A METER HERE, AND WE'RE PLUGGING IN THERE. SO WE'RE PICKING SITES WHERE WE HAVE LARGE POWER USAGE, SO MAYBE THE PAVILION WILL BE LOGITECH: THERE, ED, ALL THE BIG POWER USERS, AND THEN THE ONE PROJECT, PART OF THE PROJECT THAT'S REALLY COOL IS THERE'S THIS THING CALLED RESBEC SYSTEM THAT'S GETTING BUILT OUT AT THE LARGE LOT WE HAVE AT THE PUBLIC WORKS COURTYARD, AND THE REASON WHY THIS IS SUCH A FINANCIALLY VALUABLE PROJECT TO US IS LOGITECH: THEY, PG&E, WE'D GOTTEN JUST UNDER THE WIRE WHERE THEY MADE DOING SOLAR ALMOST NOT FEASIBLE ANYMORE. AND WHAT THAT… THAT'S A BIG SOLAR ARRAY. IT'LL BE GROUND-MOUNTED, IT'LL BE REALLY BIG, YOU'LL BE ABLE TO SEE IT, PROBABLY FROM THE SKY, EVEN. AND, LOGITECH: WE CAN PORT THAT, THOSE ENERGY CREDITS TO ALL OF OUR LIGHTING AND LANDSCAPING DISTRICTS THAT ARE… MANY OF WHICH ARE CURRENTLY UNDERWATER, THEREBY SAVING MONEY ON YOUR STREET LIGHTING AND IRRIGATION AND ALL THE OTHER POWER USED IN THOSE AREAS. SO, JUST SAYING, REALLY NEEDED A LOT. LOGITECH: I FEEL LIKE THERE NEEDS TO BE SOME MARKETING ABOUT ALL THIS WHEN IT'S DONE. YEAH, I HOPE SO. I MEAN, IT'S FUNNY, I'M JUST GLAD TO HEAR SOME PEOPLE THAT ARE INTERESTED, AND MOST PEOPLE ARE LIKE, NO, COOL, SOLAR. BUT THE SCHOOL DISTRICT ACTUALLY KIND OF JUMPED ON THAT, TOO. YOU GUYS ARE DOING BIGGER PROJECTS WITH US? I THINK SO. I THINK WE'RE, LIKE, SEVEN OR SO SITES. LOGITECH: THAT'S THE SAME CONTRACT, BUT I THINK PARENTS… SO PRETTY SOON, PEOPLE WILL BE MAD ABOUT OUR PART, AND THEN WE CAN COMMISERATE. MORE MAD, PROBABLY. PROBABLY. YEAH, I'VE JUST DETERMINED PARENTS TEND TO JUST BE MORE MAD. YOU KNOW. LOGITECH: THINK ABOUT WHEN YOU WERE A PARENT. HAVE YOU SEEN MR. TRIGGER? IT'S PROBABLY MY FACE. ARE YOU SPEAKING ABOUT YOURSELF, MR. GRANT? LOGITECH: A REAL QUICK QUESTION IN REGARDS TO THE COMMUNICATION. THAT APP THAT WE TALKED ABOUT, PUTTING A BUDGET TOGETHER AND TRYING TO CREATE FOR THE CITY, THAT'S SOMETHING THAT COULD BE USED TO COMMUNICATE THESE KIND OF PROJECTS THAT… OKAY. LOGITECH: OKAY, THAT'S ENOUGH FUN. YEAH, YOU WANT THIS? LOGITECH: SOLAR. LOGITECH: SO, NEXT TIME IS NEW AND CONTINUING BUSINESS. AARON, YOU WANT TO GIVE US A OVERVIEW OF THE PROPOSED TAX INCENTIVE PROGRAM? DANIELLE IS GOING TO TAKE THIS ONE. THANK YOU. SO SOMETHING REALLY EXCITING FOR 2026 IN ECONOMIC DEVELOPMENT IS THIS PROPOSED TAX INCENTIVE PROGRAM. AND JUST, IT IS VERY MUCH DRAFT, SO, JUST TO REWIND A LITTLE BIT. LOGITECH: YESTERDAY, NITA, AARON, SEAN, AND WHITNEY AND I ALL GOT TO VISIT, WITH PAPA'S INVESTMENTS FOR THEIR PROJECTS IN ELK GROVE. AND IT WAS REALLY COOL TO SEE THEIR… SOME OF THE BIGGEST PROJECTS THAT I'VE EVER SEEN. SO ONE WAS CLUB STUDIO, AND ONE WAS THEIR WHOLE FOODS LOGITECH: AREA WITH, LIKE, CHICK-FIL-A AND OTHER THINGS COMING IN, BUT IT IS THROUGH, LIKE, WORK WITH THE CITY, DIFFERENT INCENTIVES THAT HAVE BROUGHT THEM TO THAT AREA. SO, THAT KIND OF, LIKE, SPARKED AN INTEREST. I MEAN, IT… THIS HAS BEEN IN A DISCUSSION FOR A WHILE, BUT TO PUT A PROGRAM INTO PLACE TO BRING MORE MAJOR RETAILERS HERE, ECONOMIC DEVELOPMENT, JUST TO GROW IT, IS SOMETHING THAT WE WANT TO DO. SO, I KNOW THAT YOU GUYS LOGITECH: JUST GOT THIS PROGRAM TODAY, YOU KNOW, JUST A FEW MINUTES AGO. LOGITECH: BUT WE'RE REALLY INTERESTED IN IMPLEMENTING THIS AND THEN TAKING IT TO COUNCIL TO GET APPROVED, BUT WE REALLY WANT YOUR FEEDBACK ON IT AS WELL. SO, TAKE A, LIKE, LOOK AT IT, REVIEW IT, AND PROVIDE US FEEDBACK. IF WE GET A LOT OF FEEDBACK AND NEED TO HAVE A DISCUSSION, OF COURSE WE CAN COME TO OUR FEBRUARY EDC MEETING, AND THEN HOPEFULLY GETTING IT TO, COUNCIL AT THE END OF MARCH, BUT OUR GOAL IS END OF FEBRUARY IF WE CAN. LOGITECH: IF THERE'S MORE THAT WE NEED TO DISCUSS, WE CAN CERTAINLY DO THAT. BUT WITH VILLAGE 5 COMING IN, WEST LINCOLN SQUARE, ALL OF THESE DIFFERENT DEVELOPMENTS, IT SEEMS REALLY APPROPRIATE TO HAVE THIS PROGRAM IN PLACE, AND THAT WAY, WE ARE INCENTIVIZING THEM TO COME HERE WITHOUT LOGITECH: REALLY DIGGING INTO MUCH OF OUR LIMITED BUDGET WITH THE CITY OF LINCOLN, BUT… AARON, ANYTHING ELSE? YEAH, AND THAT'S THE UNIQUE PART ABOUT THIS. WHAT WE'RE HEARING FROM A LOT OF DEVELOPERS, AND THERE'S A MISCONCEPTION IN THE COMMUNITY THAT WE HAVE CONTROL OVER WHAT GOES INTO DEVELOPMENTS. IT'S A MISCONCEPTION. ALL WE CAN DO IS MARKET. LOGITECH: WHAT WE HAVE, THE DEMOGRAPHICS THAT WE HAVE, AND WORK CLOSELY WITH THE DEVELOPERS ON FEEDBACK THAT WE'RE HEARING TO DRIVE LOGITECH: THAT RETAIL GROWTH THAT WE WANT TO SEE. AND AS STELLA MENTIONED, WE DON'T HAVE A LOT OF COMMERCIAL BECAUSE OF THE NUMBER OF ROOFTOPS THAT WE HAVE, AND THAT'S CONSTANT FRUSTRATION WE HEAR. WE CONTINUE TO BUILD HOUSES, BUT WE DON'T HAVE ANY COMMERCIAL. YOU HAVE TO SORT OF GET TO A CERTAIN LEVEL OF RESIDENTIAL DEVELOPMENT FOR IT TO BE FISCALLY RESPONSIBLE DECISION TO BRING SOME OF THESE RETAILERS HERE, SO WE'RE SORT OF HITTING THAT PEAK. FOR A LOT OF RETAILERS, IT'S $50,000, AND THEN FOR THAT NEXT LEVEL, YOU SORT LOGITECH: GOTTEN TO THAT 60,000 TO 75,000 ROOFTOPS, SO WE'RE RIGHT IN THAT SWEET SPOT RIGHT NOW IN TERMS OF RESIDENTIAL DEVELOPMENT, WHERE WE CAN START BRINGING IN SOME OF THESE BIGGER RETAILERS TO DIVERSIFY OUR OFFERINGS HERE IN THE CITY OF LINCOLN, WHICH IS WHAT WE HAVE AN APPETITE FOR AS WELL. LOGITECH: SO, WE DON'T HAVE THE BUDGETS THAT SOME OF OUR NEIGHBORING CITIES HAVE TO DRIVE. LOGITECH: SOME OF THE INCENTIVE PROGRAMS. SO WHAT'S EXCITING ABOUT THE TAX INCENTIVE IS LOGITECH: SHARING 60-40 OR 50-50 WITH A RETAILER IF LOGITECH: THE REVENUE FROM THAT RETAILER MAKES SENSE. THAT 60% FOR THE CITY IS FAR MORE THAN 0% OF ZERO. LOGITECH: AND THAT'S THE GAP THAT WE'RE TRYING TO CLOSE WITH THIS TYPE OF PROGRAM. WHAT WE'RE HEARING FROM A LOT OF DEVELOPERS IS, WE HAVE THE INTEREST. LOGITECH: WE CAN GET THEIR ATTENTION, BUT WE NEED JUST A LITTLE SOMETHING TO CLOSE THE GAP AS WE CONTINUE TO GROW OUR RESIDENTIAL SIDE OF THE HOUSE. THAT'S WHAT WE HEARD YESTERDAY, THAT'S WHAT WE'VE HEARD FROM OTHER DEVELOPERS. WHAT'S REALLY EXCITING ABOUT THIS 12 BRIDGES PROJECT IS LOGITECH: THEY HAVE A COUPLE OF REALLY GREAT TENANTS. THE FIRST TENANT IN PHASE 1 WILL BE CLUB STUDIO. FOR THOSE OF YOU WHO DON'T KNOW WHAT CLUB STUDIO IS, IT'S THE SORT OF TOP-TIER, HIGH-END GYM PRODUCT FROM LA FITNESS. LOGITECH: SO, FILL A SPORT. HUH? FILL A SPORT. LOGITECH: NOT QUITE VILLASPORT. IT'S VERY GYM AND CLASS-BASED. YOU'RE NOT GONNA SEE A POOL, YOU'RE NOT GONNA SEE CHILDCARE, YOU'RE NOT GONNA SEE A BASKETBALL COURT, YOU'RE GONNA SEE A TON OF GYM EQUIPMENT, YOU'RE GONNA SEE A RECOVERY SPACE, YOU'RE GONNA HAVE PILATES, CYCLING, CIRCUIT, BOXING, HOT YOGA, SO VERY CLASS-DRIVEN. HUH? YES, SO A LOT OF, LIKE, REFORMER ACT, THAT SORT OF THING. LOGITECH: THEY JUST CELEBRATED THEIR ONE-YEAR ANNIVERSARY IN ELK GROVE, AND THEY HAD ROUGHLY 1,000 PEOPLE THAT CAME THROUGH THE DOOR ON THEIR ANNIVERSARY CELEBRATION. SO THEY'VE SEEN A TREMENDOUS AMOUNT OF SUCCESS THERE, SO WE THINK… LOGITECH: THAT LEVEL OF RETAILER SHOULD DRIVE INTEREST IN THE REST OF THAT RETAIL CENTER. I WOULD ENCOURAGE THE CENTER WE LOOKED AT WHERE CLUB STUDIO IS LOCATED IN ELK GROVE IS KNOWN AS THE RIDGE. LOGITECH: SO IF YOU WOULD LIKE TO LOOK UP THE RIDGE, THE FOOTPRINT, THEY HAVE A COSTCO, THEY HAVE A NORDSTROM, THEY HAVE A CLUB STUDIO, THEY HAVE, YOU KNOW, YOUR COFFEE AND FOOD OFFERINGS IN THERE AS WELL. THAT CENTER IS ROUGHLY 272,000 SQUARE FEET OF RETAIL SPACE. 12 BRIDGES RETAIL CENTER IS 274,000. LOGITECH: SO, IF YOU GO AND LOOK AT THAT SPACE, WHAT WE DON'T QUITE HAVE THAT ELK GROVE HAS IS INCENTIVE PROGRAMS. LOGITECH: AND SAME NUMBER OF ROOFTOPS. SO, FIRST AND FOREMOST, WHAT WE CAN ACCOMPLISH WITH A PROGRAM LIKE THIS IS WE'RE NOT TAKING AWAY FROM ANY OF OUR GENERAL FUND BUDGET TO ACCOMPLISH THIS. LOGITECH: IT'S A HUGE INCENTIVE FOR THE DEVELOPERS, THEY'RE OUT TALKING TO RETAILERS, BECAUSE WHAT THEY'RE HEARING FROM A LOT OF THOSE HIGHER-LEVEL RETAILERS IS, WELL, WE'RE NOT GOING TO GIVE YOU ANY MONEY. LOGITECH: TO COME HERE. LOGITECH: WE WANT TO COME HERE BECAUSE OUR BRAND IS GOING TO HELP YOU FILL THE REST OF THE CENTER. LOGITECH: AND FOR A BEGINNING PROJECT, OR AS YOU'RE GROWING ROOFTOPS, SOMETIMES THAT'S NOT ENOUGH FOR THE DEVELOPER, RIGHT? THEY NEED TO GET SOME OF THAT INITIAL MONEY TO FUND THE PROJECT. THIS IS WHAT CLOSES THE GAP FOR THEM TO BE ABLE TO SAY, OKAY. LOGITECH: YOU CAN GIVE US THAT VERY SMALL AMOUNT OF MONEY, BECAUSE WE HAVE THIS INCENTIVE PROGRAM THAT WILL OFFSET THE INFRASTRUCTURE COSTS FOR THEM, THAT THEY'RE PUTTING INTO THE PROGRAM AHEAD OF TIME. LOGITECH: SO, WITH THIS PROGRAM, WE HOPE TO BE PROACTIVE INSTEAD OF REACTIVE, BECAUSE THAT'S WHERE WE'VE BEEN THE LAST FEW YEARS, AND IT'S THE PERFECT TIMING WITH THE COMMERCIAL DEVELOPMENT WE HAVE ON THE HORIZON. WE HAVE 12 BRIDGES, WE'RE STILL IN PLENTY OF TIME TO HELP 12 BRIDGES AND THE PAPPAS DEVELOPMENT LOGITECH: TEAM GO OUT AND BRING THE TYPE OF RETAILERS WE WANT HERE IN PHASE 2 AND PHASE 3, IN CONJUNCTION WITH THE CLUB STUDIO, WHICH WE THINK WILL BE TREMENDOUSLY VALUABLE FOR THE 12 BRIDGES AREA. LOGITECH: AND THEN WHAT WE HOPE TO DO IN THE FUTURE IS UTILIZE THIS PROGRAM WITH DEVELOPERS AS THEY'RE STARTING TO BUILD OUT VILLAGE 5. THAT'S 4 MILLION OF… LOGITECH: FILLING 4 MILLION SQUARE FEET OF COMMERCIAL ALONG HIGHWAY 65. SO HAVING A PROGRAM LIKE THIS, WE CAN GO TO THE ICSC, WE CAN GO TO THE PROGRAMS AND HAVE THIS IN OUR BACK POCKET WITH THE DEVELOPMENT TEAMS THAT ARE THERE, OR THE DEVELOPMENT TEAMS THAT ARE ALREADY HERE IN OUR COMMUNITY, TO USE THAT AS A TOOL TO BRING THE RETAILERS THEY WANT, WITHOUT IMPACTING OUR BOTTOM LINE. SO WE'RE SUPER EXCITED ABOUT THIS. WE WANT YOU TO HAVE THE TIME, AS YOU CAN IMAGINE. LOGITECH: IN WITH, SOME OF THE ITEMS SEAN HAS TALKED ABOUT. WE'VE HAD A VERY BUSY DECEMBER AND JANUARY. WE HAD HOPED TO GET THIS TO YOU TWO WEEKS AGO, SINCE WE'VE HAD IT, BUT WHAT WE ARE WILLING TO DO, GIVE YOU THE NEXT MONTH. LOGITECH: TO LOOK THIS OVER. IF YOU HAVE ANY FEEDBACK, WE CAN BRING IN… CAN I TRY HOW IT WORKS, JUST SO WE UNDERSTAND? THEY WOULD SEND US AN APPLICATION, ONCE THEY RECEIVE THEIR LETTER OF INTENT FROM THE RETAILER IN QUESTION THAT VERIFIES THEIR FINANCIALS AND WHAT THEIR ANNUAL REVENUE IS, WE WOULD UTILIZE THAT TO DICTATE THE TIER. WE WOULD SIGN AN AGREEMENT, A CONTRACT WITH THE DEVELOPER, AND THEN DEPENDING ON WHAT LEVEL AND THE NUMBER OF YEARS LOGITECH: THEY'RE WILLING TO COMMIT. AS YOU WILL SEE, THAT'S HOW IT'S TIERED. LOGITECH: THE LONGER THEY'RE WILLING TO GO INTO… LOGITECH: A REBATE MODE WITH US TO GET THAT MONEY BACK, THE HIGHER THE PERCENTAGE WOULD BE, AS LONG AS THE MINIMUM REVENUE NUMBERS MEET WHAT WE HAVE HERE ON THE SIDE. WE WOULD ENTER INTO A CONTRACT, AND THEN THAT REIMBURSEMENT LOGITECH: WOULD GO BACK TO THE DEVELOPER FOR INFRASTRUCTURE COSTS THAT ARE APPROVED, BECAUSE THERE ARE CERTAIN COSTS WE CAN'T REIMBURSE FOR. LOGITECH: AND THAT ARE ALREADY CAPTURED IN THE PRP AND THINGS OF THAT NATURE, SO… THIS IS ONLY FOR NEW DEVELOPMENT? CORRECT. LOGITECH: YOU WERE EXPANDING, WHERE… YES, CORRECT, IT COULD BE EXPANDING AS WELL. THAT'S WHAT I WAS WONDERING. YEAH, IT'S LIKE SIERRA PACIFIC MIGHT BE ABLE TO TAKE ADVANTAGE OF IT. LOGITECH: POTENTIALLY. I MEAN, THEY'RE NOT AT THAT LEVEL OF SALES, BUT… CORRECT. YEAH. LOGITECH: SO, WE'RE LOOKING FOR FEEDBACK, LOGITECH: AND THEN WE COULD BRING IT BACK IN FEBRUARY IF NECESSARY, AND THEN OUR GOAL WOULD BE TO TAKE IT IN MARCH, WHICH WOULD THEN PUT US WITH A FORMALIZED PROGRAM PRIOR TO ALL OF THE IMPORTANT SPRING AND SUMMER CONFERENCES WHERE WE'RE GOING TO ICSC AND THAT SORT OF THING. AND THEN TO PIGGYBACK OFF OF THAT, IF YOU GUYS KNOW OF ANY OTHER INITIATIVES OR INCENTIVES THAT YOU WANT TO SHARE WITH ME, FEEL FREE TO DO SO. WE'LL PASS IT ALONG, BUT IT'D BE GREAT TO HAVE MORE INCENTIVES OUT THERE LOGITECH: IS THIS WHAT ELK GROVE IS DOING? YEAH, THEY HAVE A PROGRAM SIMILAR TO THIS, AND THEY ALSO HAVE A SALES TAX MEASURE THAT WAS PASSED, SO… AND THINK, AS THINGS COME ON THE HORIZON, OR WE LOOK AT SOLUTIONS IN THE FUTURE FOR THE CITY OF LINCOLN. LOGITECH: IF WE DO HAVE A SALES TAX MEASURE THAT PASSES AT SOME TIME IN THE FUTURE, LIKE OUR NEIGHBORING COMMUNITIES, THINK OF WHAT TYPE OF IMPACT LOGITECH: COULD BE FROM SOMETHING LIKE THIS IN PLACE, RIGHT? WE'RE SIGNING IT AT THIS LEVEL, BUT WITH THAT ADDITIONAL WHATEVER PERCENTAGE OF SALES TAX WE'RE GETTING, THAT COULD BE EVEN… LOGITECH: MORE MAGNIFIED. SO, THEY HAVE A COUPLE OF INCENTIVE PROGRAMS, BUT WHEN WE WERE SPEAKING TO PAPHIS YESTERDAY, THEY SAID THIS IS THE TYPE OF THING THAT REALLY MOVES THE NEEDLE FOR THEM, BECAUSE THEY'RE ABLE TO GO OUT AND BE MORE AGGRESSIVE ON THEIR RECRUITMENT, BECAUSE THEY KNOW THAT THIS REIMBURSEMENT MODEL IS GOING TO BE IN THERE AND OFFSET THAT INFRASTRUCTURE COST FOR THEM. LOGITECH: AND SO, LIKE, MAYBE JUST TO THINK OF IT MORE BROADLY, BECAUSE, LIKE, ONE OF THE THINGS THAT AARON MENTIONED THAT WE HEAR A LOT ABOUT IS, LIKE, IT'S VERY COMMON TO HEAR, LIKE, WHY, I'M GONNA SAY IT VERBATIM, WHY ARE YOU PUTTING A STARBUCKS OVER THERE? THAT'S USUALLY THE KIND OF THING WE HEAR, RIGHT? LOGITECH: AND I GET IT, I WOULD HAVE THOUGHT THAT, TOO. THE WAY THE CODE IS DESIGNED IS NOT BRANDS, REALLY. BRANDS COME AND GO, JUST RETAIL, CAFE, RIGHT? AND SO IT COULD BE ANYTHING. SO, TO PUT YOURSELF IN THE SHOES OF A COMMERCIAL DEVELOPER, THEY HAVE A TOUGH DECISION TO MAKE. LOGITECH: IT'S REALLY EXPENSIVE TO BUILD TO SUIT ALL OF THESE PLACES FOR TOWNS TO GET INTO. LOGITECH: SO THEY'RE DUMPING IN TENS OF MILLIONS, IN SOME CASES HUNDREDS OF MILLIONS OF DOLLARS. LOGITECH: BEFORE THEY HAVE ANY ACTUAL TENANTS THAT ARE PAYING THEM RENT. SO WHEN YOU ARE TRYING TO GET A MARQUEE TENT, A COSTCO, A WHOLE FOODS, OR WHATEVER, RIGHT? THEY, THEY KNOW THEY'RE COMING, AND THEY'RE VALUABLE. AND SO THEY KNOW THEY'RE ONLY GONNA PAY. LOGITECH: SO MUCH FOR THEIR LEASE OR THE LAND. AND IF YOU SAY NO, THERE'S 5 OTHER CITIES AROUND HERE, WE'LL JUST GO TO ONE OF THOSE. IT'S REALLY THAT SIMPLE. LOGITECH: SO THEN WHAT DO YOU DO? WELL, YOU GO TO SOME OF THE OTHER BRANDS THAT MAYBE AREN'T SO PICKY, AND WOULD BE WILLING TO PAY, AND MAYBE WE WOULDN'T BE JUST AS EXCITED ABOUT. LOGITECH: AND SO, THIS ALLOWS THEM TO RECOUP SOME PORTION OF WHAT THEY'VE INVESTED OUT OF THE EARNINGS OF THE PROJECT, FOR LACK OF A BETTER TERM. AND THE… LOGITECH: COSTCOS OF THE WORLD DON'T CARE ABOUT THAT PART. THEY'RE PAYING TAX ANYWAY, OR, WELL, THEIR CUSTOMERS ARE PAYING TAX ANYWAY. SO, IT… LOGITECH: TAKES THAT MARGIN A LITTLE BIT SHORTER. SO I THINK WITH THAT KIND OF THING, IT ACTUALLY, IN A WEIRD WAY, DOES ALLOW US TO BE A LITTLE MORE CHOOSY ABOUT LOGITECH: WHAT KIND OF TENANTS WE TRY TO HUNT OUT THERE. BECAUSE THAT'S… FARAZ AND I KIND OF GOT THIS WHEN WE WERE AT THE CONFERENCE. A LOT OF THE QUESTIONS WERE, LIKE, OKAY, WELL, WHAT PROGRAMS DO YOU HAVE? AND NOT, LIKE. LOGITECH: HOW QUICK CAN WE GET A PERMIT? SO IT WAS LIKE, WHAT KIND OF MONEY CAN WE GET? AND WE WERE THERE TO GET THEIR MONEY. LOGITECH: IT SOUNDED LIKE, FROM CAMPUS YESTERDAY, THE STORIES YOU'RE TELLING US, BEING HONEST AND CANDID, THE TYPES OF RETAILERS THAT WE WANT, THAT I HEAR PEOPLE WANT, LIKE AT 12 BRIDGES. LOGITECH: THOSE ARE THE HARDEST ONES TO NEGOTIATE WITH BECAUSE OF WHAT SEAN JUST DESCRIBED. THEY KNOW THAT EVERYBODY WANTS THEM, SO THEY CAN BE PICKIER. THEY DO HAVE TO… THEY DO REQUIRE MORE COURTING TO GET THEM TO COME, AND INCENTIVES, AND IT'S A WHOLE WORLD THAT I JUST DIDN'T KNOW ANYTHING ABOUT UNTIL THIS LAST YEAR. AND, THIS IS WHAT… LOGITECH: IT WILL TAKE FOR US TO GET SOMETHING DIFFERENT, LIKE A GROCER, AND IT'S REALLY COOL THAT HE'S WILLING TO STRATEGIZE WITH US TO HELP US GET SOMETHING INTERESTING THAT WE WANT, AND TIME IT SO THAT IT WOULD BE, LIKE, PHASE 2 OR 3 TO HELP WITH THE END OF WHAT WE WERE DESCRIBING EARLIER, THE PROCESS OF GETTING MORE. LOGITECH: PEOPLE IN AND, GENERATING MORE TRAFFIC, AND THEN THAT MAKES IT EASIER, AS WELL AS AN INCENTIVE PROGRAM TO GET THAT SECOND AND THIRD PHASE, TO GET A GROCER THAT WE REALLY WANT, LIKE WHOLE FOODS OR TRADER JOE'S, OR… BUT, THEY GOT WHOLE FOODS IN THAT ONE THAT WE JUST WENT TO YESTERDAY CALLED… WHAT WAS IT CALLED? THE RIDGE? NO, THE RIDGE WAS THE FIRST ONE, I DON'T KNOW WHAT THAT WAS. THE VILLAGE, I THINK, WAS LOGITECH: VILLAGE, YEAH. AND HE WAS… LOGITECH: I WON'T… I DON'T WANT TO OVERSHARE, BUT HE WAS LIKE, IT WAS REALLY, REALLY HARD TO GET THEM OVER. IT DIDN'T. LOGITECH: HOW MANY YEARS? 15. 15. WOW. YEAH, AND I WAS LIKE, OH MY GOSH. SO, IT'S REALLY COOL THAT HE IS, ONE OF THOSE DEVELOPERS WHO ISN'T JUST TRYING TO MAKE… I MEAN, HE HAS TO MAKE MONEY, HE HAS TO… IT'S BUSINESS, AND IT'S THE WORLD WE LIVE IN, BUT IT'S COOL THAT HE CARES, AND HE IS WILLING TO HELP US GET WHAT WE WANT, HOPEFULLY, WITHIN REASON. LOGITECH: YEAH, AND I THINK OUR GOAL IS MOVING FORWARD, BECAUSE WHAT I REALLY LOVE ABOUT THIS COMMITTEE IS THE AMOUNT OF RESEARCH AND SORT OF… LOGITECH: YOU KNOW, ROUTES THAT ARE SPREADING TO FIND PROGRAMS FOR US, AND WE LOOK AT EVERY SINGLE THING THAT'S SENT TO US, AND MOST OF THE TIME, THE HURDLE THAT WE RUN INTO IS THE BUDGET THAT THE CITY HAS TO EXECUTE THE PROGRAM YOU SENT TO US. AND SO WE WILL LOOK IMMEDIATELY AND BE LIKE. LOGITECH: WELL, WE'D LOVE TO DO THAT, RIGHT? WE GET VERY JEALOUS, BUT WE DON'T HAVE THAT MONEY. SO WHAT WE'RE TRYING TO DO IS… BECAUSE OBVIOUSLY GENERATING MORE SALES TAX IS GOING TO INCREASE OUR GENERAL FUND BUDGET, WHERE WE CAN THEN INITIATE PROGRAMS IN THE FUTURE. SO WHAT WE CAN DO… WHAT CAN WE DO IN THE INTERIM? LOGITECH: THAT DOESN'T HAVE AN IMMEDIATE IMPACT ON OUR GENERAL FUND TO DRIVE BUSINESS AND GET THE WORD OUT THERE. SO, AS YOU'RE THINKING, OR AS YOU'RE RESEARCHING, OR AS YOU GO VISIT PLACES AND YOU SEE SOMETHING INTERESTING, PLEASE CONTINUE TO LET US KNOW. LOGITECH: AND THAT'S SORT OF OUR GOAL IN, MOVING FORWARD IN 2026, IS WHAT CAN WE DO THAT'S REALLY CREATIVE, THAT WILL GENERATE INTEREST AS WE GO TO THIS CONFERENCE, BECAUSE THIS IS OUR WINDOW OF TIME TO BE PROACTIVE. LOGITECH: WITH THESE COMMERCIAL DEVELOPMENTS. VILLAGE 5 IS VERY EXCITED ABOUT OPPORTUNITY LIKE THIS THAT THEY CAN TAKE OUT WITH THEM AS WE BUILD THAT. OUR LINCOLN SQUARE WEST PROJECT, WHICH IS THERE AT NELSON AND HIGHWAY 65, THIS IS A PRIME OPPORTUNITY AND WILL PROBABLY BE THE FIRST CUSTOMER THAT UTILIZES THIS PROGRAM. LOGITECH: AND WE HOPE IN THE NEXT MONTH OR TWO TO BE ABLE TO BRING THAT TENANT TO YOU. LOGITECH: ONCE THAT… LOGITECH: CONFIDENTIALITY IS OVER. SEAN PROMISED IT AT THIS MEETING. YOU'LL HAVE IT, OR WE WOULD TELL YOU. WHATEVER. OH, YEAH, I WILL ANNOUNCE IT AT THE JANUARY. I PROMISE I WILL ANNOUNCE IT. ALL I CAN TELL YOU IS… YOU DIDN'T TELL ME WHICH JANUARY. LOGITECH: I… LOGITECH: I'M PRETTY SURE I KNOW WHO IT IS, I JUST REALLY DON'T WANT TO RUIN ANYTHING FOR THE PEOPLE THAT ARE LIKE… IT'S OKAY, WE CAN… BUT LET'S PUT IT TO YOU THIS WAY. YOU'RE GOING TO BE VERY… YEAH, IT'S GOOD. OKAY. BUT IT IS GOING TO CHANGE THE MAKEUP, YOU KNOW, IF IT HAPPENS, IT'S GOING TO CHANGE THE MAKEUP OF OUR DETAILED POSITION. DOES THIS PROGRAM HAVE CITY COUNCIL APPROVAL? NO, WE'RE BRINGING IT TO YOU FIRST, AND OUR GOAL WOULD BE TO GET APPROVAL, ON THIS PROGRAM. LOGITECH: BY MARCH, BECAUSE ICSC IS MAY. LOGITECH: SO, THE MORE SIDE IS WHAT? ICSC, THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS. THE CONFERENCE WE WENT TO LAST YEAR IS IN MAY. IN MAY, GOTCHA. WE PLAN TO SEND SOMEBODY AGAIN THIS YEAR, BUT WE WOULD BE ABLE TO GO WITH A FORMALIZED PROGRAM AND NEW DEMOGRAPHICS. SO, WE HAVE UNTIL OUR FEBRUARY MEETING, SO FEBRUARY 11TH, FOR YOU TO REVIEW, GIVE ANY FEEDBACK, WE CAN MODIFY IF WE NEED TO BRING IT BACK. THERE'S THE SIGNIFICANT EDITS WE CAN. LOGITECH: AND THEN OUR GOAL WOULD BE TO TAKE IT TO, AT VERY LATEST, THE FIRST MEETING IN MARCH FOR COUNCIL APPROVAL. LOGITECH: ANY MORE QUESTIONS FROM… I'D LOVE TO HEAR ABOUT, FROM FARAGE, WHAT YOU THINK ABOUT IT. I THINK THIS IS EXCELLENT. THANK YOU GUYS FOR… FOR ACTUALLY PUTTING THIS TOGETHER, BECAUSE I THINK THIS BRINGS IN THE ENERGY, AND BACK TO SEAN'S POINT, YOU KNOW, IT WAS, YOU KNOW, WE'RE IN THIS, YOU KNOW, WHEN WE WERE IN BASE, THERE'S A SEA OF PEOPLE THAT ARE HUGE, RIGHT? I MEAN, YOU'RE TALKING MARRIOTT, TILBINS. LOGITECH: AND IT WAS VERY INTERESTING THAT NOT ONLY DID WE GO TO THEM AND SAY, HEY, THIS IS WHAT WE HAVE AND ALL THAT, BUT IT'S VERY INTERESTING THAT THEY KNEW ABOUT LINCOLN. SO OUR LITTLE TOWN OF, YOU KNOW, 50,000 OR WHATEVER YOU WANT TO CALL IT, WE ARE NOW ON EVERYBODY'S RADAR FOR GROWTH AND DEVELOPMENT. SO I THINK IT'S VERY IMPORTANT LOGITECH: THAT WE HAVE THAT, LIKE YOU SAID, THAT BRIDGE TO PUSH THEM OVER AND PULL THEM IN, AND WE CAN BE VERY SELECTIVE ABOUT, YOU KNOW. LOGITECH: WHO'S GOOD, WHO'S NOT, AND I THINK THE TIME IS NOW. IT WASN'T 5 YEARS AGO, YOU KNOW, IT WASN'T, YOU KNOW, IT'S NOW, SO I THINK THIS IS EXCELLENT. I LOVE IT. LOGITECH: GOOD JOB, GUYS. AND ACTUALLY, THEY DIDN'T NOT ONLY KNOW WHERE LINCOLN WAS, THEY KNEW SPECIFIC SITES THAT WE HAD AVAILABLE, AND THESE PEOPLE WEREN'T EVEN FROM AROUND HERE, LIKE, SOMEONE FROM NEW YORK, LIKE, HOW YOU WOULD KNOW THAT, I DON'T KNOW. BECAUSE WE DIDN'T, LIKE, SCHEDULE MEETINGS FOR US, SO WE JUST, LIKE, JUST FOLLOWED HIM, AND HE WAS BUILDING OUR WAY STRAIGHT IN. LOGITECH: AND SO NOW WHAT YOU'LL HAVE, IF WE CAN WORK SOMETHING OUT HERE, IS WE HAVE A PRETTY DECENT HOTEL INCENTIVE PROGRAM, AND YOU HAVE THIS ONE, AND… IT'S CONCEPTUALLY KIND OF THE SAME IDEA, RIGHT? CORRECT! YEAH, YOU KNOW. WE SHARE IN THE GROWTH. CORRECT. LOGITECH: AND THERE IS A QUESTION, TOO, JIM. I JUST… NO, JUST A SECOND. LOGITECH: SO, THIS IS BASED ON A PROGRAM THAT IRWINDALE ADOPTED. IRWINDALE ADOPTED? YES. HAVE WE CONTACTED THEM TO FIND OUT HOW WELL IT'S GOING? WHAT… LOGITECH: WHAT'S GOOD AND BAD ABOUT THE PROGRAMS THAT HAVE BEEN ROLLED OUT? I HAVE NOT, BUT I CAN CERTAINLY LOOK INTO IT, YEAH. YEAH, BECAUSE THESE ARE NUMBERS THAT WE'VE BEEN DISCUSSING LOGITECH: INTERNALLY WITH… LOGITECH: THE WEST LINCOLN SQUARE, AND THEN WHAT WE DID IS TRY TO FIND A CITY, A COMPARABLE PROGRAM THAT HAD MORE OF A TIERED MODEL THAT WE COULD PUSH FORWARD, SO WE CAN DO THAT FOLLOW-UP. BECAUSE THAT'S WHERE WE SORT OF MODELED THE TIER BASED ON, SO WE CAN FOLLOW UP WITH THEM. IF THERE'S ANY, LIKE, REPORTS FROM STAFF TO THEIR CITY COUNCIL… YEP, WE'LL DIG INTO THAT, THAT'S A GREAT IDEA. LOGITECH: WE CAN GET SOMEBODY ON ZOOM AND TALK ABOUT HOW THEY ROLLED THEIRS OUT. LOGITECH: WHAT WAS GOOD AND BAD ABOUT IT, WHAT THEY LEARNED, AND WHAT THEY, YOU KNOW, SOME OF THE PITFALLS OF A PROGRAM THAT WE COULD, LOGITECH: YEAH. THE DEVIL… FALLING INTO THE SAME TRAPS THAT THEY FELL INTO. THE DEVIL HERE… I'VE HAD ONE OF THESE BEFORE IN MY CAREER, IT WORKED OUT PRETTY WELL, BUT THE DEVIL IS IN THE DETAILS OF LOGITECH: HOW… WHERE… WHAT'S THE NUMBER YOU CAP AT IN TERMS OF… BECAUSE REMEMBER, THIS IS TECHNICALLY A REIMBURSEMENT. YEP. THEY'RE NOT PROFITEERING OFF OF… LOGITECH: OUR SALES TAX, THEY'RE REIMBURSING THEMSELVES FOR WHAT IT TOOK TO GET IT. SO, WHAT'S THAT NUMBER, AND HOW DO YOU CAP IT? BECAUSE IT'S, YOU KNOW, IF SOMEBODY COMES AND BUILDS A MASSIVE CENTER, AND THEY SAY, HEY, WE'D LIKE TO GET BACK, $100 MILLION, WELL, THAT'S JUST RIDICULOUS. LOGITECH: BUT, IF THEY'RE BRINGING IN SOME BUSINESS THAT'S GENERATING 10X THAT, THEN, YOU KNOW, WE'RE TALKING, RIGHT? SO, THE WAY TO LOOK AT THIS IS, IF YOU LOOK AT THE MINIMUM, REVENUE TAX BASE OF SALES OR USE AT $100 MILLION, THAT MEANS OF THAT AMOUNT OF MONEY, THE CITIES. LOGITECH: CURRENT SALES TAX AD VALOREM OF 1% IS $1 BILLION. SO, YOU KNOW, DEPENDING ON WHICH TIER YOU'RE AT, LET'S CALLED JUST 50% IS VERY EASY. THAT MEANS THAT IF, YOU KNOW, SOMEBODY'S TRYING TO GET 5 MILLION BUCKS. LOGITECH: BACK. LOGITECH: YOU KNOW, THEY MAY WORK OUT A DEAL WITH US WHERE WE CUT THEM HALF AT HALF A MILLION BUCKS A YEAR FOR 10 YEARS. ELK GROVE, ACTUALLY, INTERESTINGLY, YESTERDAY I WAS ASKING ME ABOUT HOW IT WORKED THERE, SO I WAS INTERESTED FROM THE DEVELOPER, LIKE, HOW LONG DID YOU HAVE TO WAIT TO BE REIMBURSED? BECAUSE I WAS THINKING FROM THE CITY SIDE, HOW LONG ARE YOU CUTTING THOSE CHECKS AND NOT HAVING ACCESS? AND THEY SAID THAT IT WAS, LIKE, I THINK THEY TOLD ME IT WAS, LIKE, A 10-YEAR LOGITECH: DEAL, BUT THE CITY DID SO WELL THAT THEY PAID IT OFF IN FULL. THEY JUST DECIDED TO JUST TAKE IT. WOW. LOGITECH: SO MY… THAT WAS ONE OF MY QUESTIONS. WHAT DOES IT MEAN BY MINIMUM TAX REVENUE? IT MEANS THAT'S THE TOTAL AMOUNT OF, OF TAXABLE SALES. FROM THAT… FROM THAT APPLICANT. SO, I THINK A LOT OF US PROBABLY HAVE THIS IDEA THAT THIS IS GOING TO HELP SOME MOM AND POPS, BUT THE $100 MILLION. SO WHAT KIND OF BUSINESSES CURRENTLY IN LINCOLN GENERATE THOSE LOCAL LOGITECH: PREFERABLE. LOGITECH: PROBABLY YOUR TARGETS AND YOUR HOME DEPOTS ARE IN THAT CLOSE TO BALLPARK. COSTCO DOES $250 MILLION A YEAR, GENERALLY, IN BOTH OF THEIR STORES. LOGITECH: I'M SORRY. IN ROSEVILLE AND ROCKLAND, WHO ARE DOING THOSE KIND OF NUMBERS? YEAH, WE'RE JUST, YEAH, WE'RE TALKING ABOUT SPECIFIC RETAILERS, BUT, LIKE, A WALMART SUPERCENTER, A SAM'S CLUB, A COSTCO, THEY'RE ALL IN THERE. SO MY… I GUESS MY QUESTION IS, IS THERE A WAY WE COULD TAILOR A COMPONENT OF THIS PROGRAM TO HELP THE SMALLER BUSINESSES THAT ARE COMING DOWN? IS IT… LOGITECH: SO, SUN B, FOR EXAMPLE, IS GOING TO HAVE MULTIPLE, SO SAME WITH PAPIS. IS THE PROGRAM OVER THE SITE, OR THE OCCUPANT IN A GIVEN BUILDING? IT COULD BE EITHER ONE. IT COULD BE EITHER. OKAY, SO IF IT'S OVER A SITE THAT HAS SMALLER UNITS, THEN IT ESSENTIALLY COULD BE HELPING SMALLER… TYPICALLY, EACH BUSINESS OWNER IS PAYING THE SALES TAX, IT'S NOT OVER… IT'S NOT… LOGITECH: SO YOU'RE DOING A CONTRACT WITH AN INDIVIDUAL BUSINESS THAT'S GENERATING THE SALES? YEAH, BUT WE… BUT REMEMBER, LIKE, IT'S REMITTED TO US, AND WE HAVE VERY DETAILED, AND SO WE CAN… IT'S GOING BACK TO THE DEVELOPER. IT'S GOING TO THE DEVELOPER. IT'S NOT GOING TO THE RETAILER. IT WOULDN'T GO… FOR INSTANCE, IF WE GOT COSTCO, IT WOULDN'T BE GOING BACK TO COSTCO, IT WOULD BE GOING BACK TO THE DEVELOPER WHO PUT THE INFRASTRUCTURE IN OF THE CENTER WHERE COSTCO IS LOCATED. SO THE $100 MILLION IS FOR THE DEVELOPMENT, NOT THE… THE DEVELOPMENT, CORRECT. LOGITECH: NOT THE INDIVIDUAL BUSINESS. AGAIN, MY QUESTION IS, IS THERE SOME WAY OF TAILORING SOME ASPECT OF THIS PROGRAM TO HELP SMALLER INDIVIDUAL BUSINESS? I MEAN, YOU COULD… I MEAN, THE MODEL MAKES THE SAME SENSE. LIKE, LET'S TAKE THE COFFEE SHOP THAT OPENED UP HERE, EASY COMPANY. LOGITECH:-OH. LOGITECH: THAT WAS THE SAME BUSINESS OWNER THAT ALSO OWNS THE BUILDING AND PUT IN ALL THE MONEY TO PUT IT IN, I'M PRETTY SURE. PROBABLY RELATIVELY EXPENSIVE. LOGITECH: ESPECIALLY THAT HANDICAPPED REP. YEAH, YEAH. I'M SURE THEY COULD HAVE BENEFITED FROM SOMETHING LIKE THIS. YEAH, SO I MEAN, IT'S AN INTERESTING QUESTION, BECAUSE ADMINISTRATIVELY, IT WOULD BE A PAIN, BECAUSE WE'RE TALKING RELATIVELY SMALL DOLLAR AMOUNTS. LOGITECH: BUT IT'S… LOGITECH: YOU KNOW, PRACTICALLY WOULD WORK THE SAME. I MEAN, YOU KNOW, IF YOU GENERATE ONLY $100,000 IN REVENUE, WELL, THAT'S $1,000 OF SALES TAX PER YEAR, AND YOU SPLIT 500 BUS, SO… RIGHT. WELL, THAT WAS JUST ONE THOUGHT I HAD. LOGITECH: AND THEN, IT TALKS ABOUT INFRASTRUCTURE COSTS, BUT IT DOESN'T DEFINE WHAT INFRASTRUCTURE MEANS, SO I THINK IT MIGHT BE HELPFUL TO KIND OF EITHER GIVE EXAMPLES OR LOGITECH: QUANTIFY EXACTLY WHAT IT IS YOU'RE GOING TO BE REIMBURSING THEM FOR. I MEAN, MOST PEOPLE THINK OF INFRASTRUCTURE AS PART OF AN OFF-SITE IMPROVEMENT. CORRECT, CORRECT. BUT THERE COULD BE SOME ON-SITE STUFF THAT COULD QUALIFY AS INFRASTRUCTURE THAT COULD ALSO BE INCLUDED. LOGITECH: SO THAT'S A GOOD PIECE OF FEEDBACK, AND HERE'S SOME INFO ON THAT. USUALLY, DEVELOPERS ARE REAL TOUCHY ABOUT RECEIVING ANY DOLLARS BACK FROM A PUBLIC AGENCY FOR ON-SITE IMPROVEMENTS, BECAUSE THAT'S DAILY WAGE ON THE PROJECT. BECAUSE IF IT'S… LOGITECH: MONEY OF ANY PUBLIC DOLLAR THAT YOU AND I PAY IN ANY KIND OF TAX ENDS UP IN THE POCKET OF SOMEBODY IN THE PRIVATE WORLD THAT'S DOING CONSTRUCTION. LOGITECH: YOU'RE NOT A FORBIDDEN WAGE PROJECT, SO ADD 40% TO YOUR CONTRACTIONAL COST. LOGITECH: SO TYPICALLY, DEVELOPERS ARE LIKE, LOOK, I ONLY REALLY WANT TO GET REIMBURSEMENT ON THE EXPENSIVE STUFF. THE LIGHTS, THE CURB GUARD AND SIDEWALKS OUT FRONT, THE STREETS THAT I HAVE TO WIDEN, THE WATER LINES… SO UNIVISION IS ONLY DOING THE OFF-SITE STUFF? YEAH, BUT… SO, I MEAN, THIS MIGHT BE BORING TO EVERYONE, BUT JUST SO YOU HAVE AN IDEA. WE'RE HAVING THIS DISCUSSION CURRENTLY ON LOGITECH: ONE OF OUR LARGELY VIRTUAL PROJECTS. LOGITECH: AND ONE OF THE IDEAS, IN REALLY LARGE CENTERS, YOU HAVE WATER LINES AND SEWER LINES THAT BISECT THE PROJECT, RIGHT? AND THEN THEY LATERAL OFF TO EVERY LITTLE TENANT. SO, ONE OF THE THINGS WE'RE EXPLORING IS KEEPING THE WATER AND SEWER LINES THAT ARE TRANSMISSIONS INSIDE THE PRIVATE PROJECT AS UNDER A PUBLIC EASEMENT THAT RUNS THROUGH THE TOTALITY OF THE PROJECT, SO IT'S STILL A PUBLIC IMPROVEMENT. WE WILL GO AND MAINTAIN IT WHEN IT BREAKS. LOGITECH: WE'LL FIX IT, YOU KNOW, ALL THAT. LOGITECH: SO THAT THEY CAN RECOUP SOME OF THAT ON-SITE MONEY, BUT IT HAS TO BE OURS. DOES THAT MAKE SENSE? YEAH. SO, YEAH… THE DEVELOPER'S BUILDING IT, CORRECT? CORRECT, YEP, YEP. LOGITECH: OKAY. BUT WE CAN ADD A LITTLE MORE OF THAT DETAIL, BECAUSE WE'RE VERY IN THE WEEDS IN THAT, SO THAT'S GOOD FEEDBACK, BECAUSE WE CAN OUTLINE THAT IN A LITTLE MORE DETAIL. ANOTHER COMMENT I HAD WAS MAYBE YOU SHOULD HAVE SOME TARGETS ABOUT WHAT WE'RE TRYING TO ACCOMPLISH WITH THE PROGRAM. I THINK, YOU KNOW, YOU HAVE, LIKE, EDA USES SO MANY JOBS GENERATED FROM SO MANY INVESTMENT. LOGITECH: SO MAYBE THERE SHOULD BE SOME CRITERIA, SO IT'S NOT JUST OPEN-ENDED, THAT WE HAVE A TARGET SAYING. LOGITECH: WE'LL INVEST SO MUCH INTO IT, PROVIDED IT GENERATES X NUMBER OF JOBS. THE JOB THING IS INTERESTING. YEAH, I LIKE THAT. SO THERE'S A CONNECTION BETWEEN WHAT WE'RE INVESTING AND THE GENERATION OF JOBS. YEAH. OH, ECONOMIC DEVELOPMENT ADMINISTRATION. SO, THEY HAVE A… LOGITECH: IT'S BEEN MANY YEARS, BUT IT USED TO BE, I THINK, ONE JOB FOR $30,000 OF EDA MONIES. THEY HAD TO GENERATE… YOU HAD TO SHOW THAT YOUR PROJECT WAS GENERATING AT LEAST ONE PERMANENT JOB FOR EVERY $30,000 OF EDA-INVESTED DOLLARS. LOGITECH: SO IT'S JUST… IT'S JUST A WAY OF GAUGING LOGITECH: WE'RE SETTING EXPECTATIONS FOR THE INVESTMENT. LOGITECH: YEAH, THE FEDERAL GOVERNMENT HAS AN ECONOMIC DEVELOPMENT ADMINISTRATION THAT USED, PROBABLY DURING YOUR TIME DURING SOME OF MINE, USED TO BE, LIKE, A REAL KEY POINT TO WHERE YOU COULD GO AND SEEK SOME EXTERNAL MONEY, BUT… IT'S SO POORLY FUNDED NOW, IT'S ALMOST NOTHING. I MEAN, THEY BASICALLY FUND PARKING STRUCTURES AND PICTURES NOW. I MEAN, THERE'S JUST CERTAIN THINGS… WELL, WE MIGHT NEED ONE OF THOSE. LOGITECH: BUT MAYBE GOBIZ COULD GIVE YOU SOME ADVICE. YEAH. THAT MIGHT BE A RESOURCE TO GO AND SAY, YOU KNOW, FOR INVESTING MONEY INTO A COMMERCIAL VENTURE. LOGITECH: WHAT KIND OF A CRITERIA WOULD BE A GOOD MEASURE FOR MAKING SURE THAT WE'RE GETTING A GOOD RETURN ON… WHAT WE'LL PROBABLY SEE AT THE END AFTER THIS ADDITIONAL FEEDBACK AND RESEARCH IS SOMETHING, KIND OF… REMEMBER WHEN WE DEVELOPED THE HOTEL INCENTIVE PROGRAM? ONE OF THE THINGS THAT WE TALKED ABOUT WAS, LIKE. LOGITECH: I DON'T REMEMBER IF IT WAS YOU, WHITNEY, BUT IT WAS SOMEBODY HERE THAT SAID, WELL. LOGITECH: WHAT IF IT'S LIKE A FLEA BAG? I DON'T KNOW. LOGITECH: YOU KNOW WHAT I MEAN? DID WE PUT IN A STANDARD? WE DID, YEAH. SO, SO WE… SO, LIKE, THERE'S A SET OF CRITERIA THAT IT'S GOTTA BE, I THINK, 3 STARS. AND HIGHER. ISN'T IT THREE? THREE AND HIGHER, YEAH. AND I THINK WE… AND THEN WE CREATED, LIKE, DIFFERENT CRITERIA, BECAUSE WE DID… WE ALSO WANTED, KIND OF TO YOUR POINT, LIKE, WE WANTED TO BE ABLE TO OFFER THIS OPPORTUNITY TO, LIKE, COTTAGE INDUSTRY, SMALLER LOGITECH: SCALE, LIKE, BOUTIQUE-Y HOTELS, TOO. YEAH. SO PROBABLY YOU'LL SEE SOMETHING A LITTLE BIT MORE, GRANULAR ABOUT LOGITECH: WHAT WE REALLY WANT, BUT WE ALSO DO KIND OF LIKE TO BECOME FLEXIBLE, BECAUSE, YOU KNOW, WHAT WE LEARNED… WHAT I LEARNED WHEN I WALKED INTO THAT GYM YESTERDAY WAS, LIKE, THAT I DO NOT KNOW WHAT GYM CULTURE IS LIKE ANYMORE. THIS WAS LIKE A CLUB WHEN YOU WALKED IN THERE. I MEAN, THEY HAVE, LIKE, LIGHTING, AND THEY HAVE… LOGITECH: CRYO STUFF, OR… DIDN'T YOU GO… YEAH, ONE IN THE CRYO CHAMBER. THEY HAVE… THEY HAVE, LIKE, MASSAGE, PHYSICAL THERAPY, AND, LIKE, YOU KNOW… IT WAS SO COOL. IT'S REALLY… LOGITECH: WOW. BUT… SO, YOU KNOW, WHO KNOWS? AND I KEPT JOKING WITH EVERYBODY THAT I THOUGHT RETAIL WAS DEAD, BUT APPARENTLY NOT. IT'S JUST NEW, IT'S DIFFERENT. IT'S CHANGING. YEAH, IT'S CHANGING. THAT EXPERIENCE IS, THAT'S RIGHT, IT'S FUN, IT'S AN EXPERIENCE. MY LAST COMMENT, REAL QUICK, BECAUSE WE MOVE ON. YOU HAVE A 10-YEAR ENFORCEMENT REQUIREMENT, I DON'T KNOW… LOGITECH: THAT CONTRACT… THE BUSINESS HAS TO BE IN PLACE FOR A MINIMUM OF 10 YEARS. I DON'T KNOW IF THAT'S ENFORCEABLE. LOGITECH: I WOULD JUST ASSUME THAT IF THE BUSINESS CLOSED, OR MOVED ON, OR WHATEVER, THAT THE CONTRACT WOULD END ON THAT DAY. YEAH, I THINK THE ISSUE IS THAT YOU JUST GAVE THEM 5% MORE FOR THE PROMISING POINT, BUT THEY WERE ONLY… LOGITECH: PRETEND. LOGITECH: I THINK THAT'S THE… IN THE TIER. LOGITECH: YEAH, IT'S JUST SITTING… I'M JUST SAYING, I DON'T THINK YOU CAN ENFORCE A 10-YEAR MINIMUM. LOGITECH: CONTRACT. NO, NO, NO, I HEAR YOU. YEAH. WELL, I DON'T THINK WE GO FORTH ANY TERM. I MEAN, I THINK IT WAS CLOSED. YOU JUST HAVE TO HAVE… YOU HAVE TO BE ABLE TO EXIT OUT. YEAH. WELL, I MEAN, I DON'T KNOW, DAVE, WHAT DO YOU THINK? LIKE, BECAUSE IF, LIKE, YOU DID A DEAL, AND… I WAS THINKING AT THE TIME WHEN I WAS THINKING ABOUT THAT, I WAS THINKING IT WAS GOING TO THE BUSINESS ITSELF, BUT YOU'RE SAYING IT'S GOING TO THE DEVELOPER. SO, I THINK IT'S PROBABLY LESS OF AN ISSUE ON THAT BASIS, BUT… I GUESS THEY COULD BE, IF YOU THINK ABOUT, LIKE, ONE AND THE SAME. LOGITECH: SOME CASES, BUT, LIKE, IF YOU THINK ABOUT IT. LOGITECH: IF THE BUSINESS GOES OUT OF BUSINESS, THEY'RE NOT GENERATING. THEY JUST WANT TO BE ABLE TO CLOSE… OR THEY DROP IT ON A $100 MILLION MINIMUM, AND IT'S A PROBLEM TO SOLVE ITSELF. YES. LOGITECH: OR WE MAYBE HAVE AN ASSIGNMENT CLAUSE IN THERE, SOMEBODY ELSE STEPS IN. YEAH, THAT'S A GOOD IDEA. I WOULD HAVE THOUGHT THAT WAS IMPLIED, GIVEN ITS DEVELOPMENT AND INFRASTRUCTURE, AND IF THE TENANT CHANGES. LOGITECH: THEN THE DEAL'S STILL CONSISTENT. REMINDS ME OF WHAT PAUL JOYNER ALWAYS USED TO TELL ME THAT NOT TO GET TOO UPSET IF A BUSINESS LOGITECH: YOU KNOW, DOESN'T MAKE IT, BECAUSE IF THEY'VE BUILT THE BUILDING, THEN THAT'S A NEW BUSINESS CAN GO. IT'S TRUE. ON WE GO. SO MY ONLY LAST COMMENT, MAYBE, WHEN WE… YOU BRING IT BACK, YOU CAN HAVE A TEMPLATE FOR THE APPLICATION, AND A TEMPLATE FOR THE CONTRACT, SO WE CAN KIND OF SEE WHAT THOSE LOOK LIKE. WHAT WE'LL DO IS SEND IT OUT DIGITALLY, SO WE CAN GET… LOGITECH: ADDITIONAL FEEDBACK, IF THOSE OF YOU WANT A LITTLE MORE TIME TO DIGEST IT, AND THEN WE'LL JUST PUT IT ON THE AGENDA FOR FEBRUARY AS WELL, SO WE'LL BRING YOU BACK, OUR RED LINE VERSION, BECAUSE OUR GOAL IS TO GET IT BY MARCH, AND THEN WE CAN WORK ON A FORMAL APPLICATION. WE'LL MAKE SURE TO COORDINATE WITH CHRISTINE AND CHRISTY IN TERMS OF WHAT'S IN THERE AS WELL, BECAUSE WE WERE TRYING NOT TO GET TOO LEGAL, AND THIS, THIS WAS MORE JUST PROGRAM-BASED, SO… LOGITECH: WE'LL BRING THAT BACK, SO, WE'LL SEND THAT OUT BY EMAIL. RIGHT, JUST, FOR EXAMPLE, WHEN WE DID THE HOTEL INCENTIVE PROGRAM, WE TOOK IT TO COUNCIL WITH, LIKE, A CONSTRUCT, AND THEN MY OFFICE DEVELOPED THE ACTUAL CONTRACT AND PROGRAM FORMS AND ALL OF THAT, BASED ON… LOGITECH: WHAT WAS APPROVED GENERICALLY BY COUNCIL. AFTER THE COUNCIL APPROVED. CORRECT. RIGHT. LOGITECH: OR MAYBE IRWIN DELHASSES. LOGITECH: APPLICATION OR A TEMPLATE THAT THEY'RE… YES, I'LL FOLLOW UP WITH THEM. TAKE A LOOK AT THEM. LOGITECH: THOSE ARE MY COMMENTS THAT I HAVE ON IT. THANK YOU GUYS SO MUCH FOR DOING THAT. YEAH, I THINK THIS WOULD BE A GREAT PROGRAM. YEAH, GOOD IDEA. LOGITECH: I MAY OR MAY NOT HAVE, LIKE, KIND OF OFFERED THIS LOGITECH: LIKE, A YEAR AGO, SOME PEOPLE, AND THEN WE REALIZED… SURE, WE'LL DO THAT. SO I'M GONNA TAKE SOME QUESTIONS FROM THE AUDIENCE. DOES ANYONE FROM THE PUBLIC HAVE A COMMENT OR QUESTION? LOGITECH: I GOT A VERSION OF THIS ONLINE LAST WEEK, SO I READ IT LAST WEEK, SO THANKS FOR, PUTTING IT TOGETHER. I WAS WONDERING, HOW MUCH TIME WITH STUFF COSTS? LOGITECH: THE STRATEGIC ACTION PLAN? YEAH. YEP, YEP, AND THAT'S WHAT WE'RE GONNA TALK ABOUT NEXT. COOL. SO GREAT. IS THAT GOOD IF WE ANSWER IT IN THE NEXT ITEM? YEAH, TOTALLY. AND THEN I WAS ALSO WONDERING, HOW ARE WE, LIKE, GETTING FEEDBACK FROM THE COMMUNITY MEMBERS THAT LIVE HERE? YEP. GREAT QUESTION. LOGITECH: SO, THIS IS SORT OF ON OUR STRATEGIC ACTION. RIGHT. SO, I THINK THAT ENDS ITEM 8A. WE'LL MOVE ON TO AZ. OH, SORRY. YEAH. JUST MY QUESTION IS THAT IT SOUNDS LIKE THIS REBATE IS INITIALLY ON CONSTRUCTION. DOES THAT SOUND ABOUT RIGHT? YEAH, THE INFRASTRUCTURE, OKAY. AND THEN, TH