Economic Development Committee

MINUTES CITY OF LINCOLN ECONOMIC DEVELOPMENT COMMITTEE August 13, 2025 The meeting was conducted in person at City Hall, 600 6th Street, Lincoln, CA, and virtually on Zoom. 1. CALL TO ORDER by Chairperson Joann Hilton at 9:00am. 2. ROLL CALL: Committee members present: Melanie Borchardt Andrea Faria *arrived at 9:04am Joann Hilton, Chairperson Faraz Mahmood *arrived at 9:05am Jason Price, Vice Chairperson David Riccitiello Staff and Council Liaisons Present: Whitney Eklund, Councilmember John Reedy, Councilmember Sean Scully, City Manager Erin Frye, Economic Development & Communications Specialist Kristi McKenney, Junior Deputy City Attorney 3. PLEDGE OF ALLEGIANCE – led by Jason Price 4. CITIZENS ADDRESSING THE COMMITTEE (Within the subject matter jurisdiction of the Board / Commission / Committee) None. 5. PRESENTATIONS – Spotlight Speaker 5.A James D’Ambrosio, owner of Lincoln Gold and Coin, presented to the Committee with a brief discussion following. Sela Greenhouse, Lincoln resident provided public comment. 6. APPROVAL OF MEETING MINUTES 6.A Meeting minutes of June 11, 2025 Chairperson Hilton called for a motion of approval of the minutes. Committee Member Faria motioned to approve the meeting minutes, motion was seconded by Committee Member Riccitiello. Motion passed unanimously by the following voice vote: AYES: Borchardt, Faria, Hilton, Mahmood, Price, Riccitiello NOES: None 7. SUBCOMMITTEE REPORT OUT None. 8. STAFF UPDATES None.

Page 2 of 2 Economic Development Committee Meeting Minutes August 13, 2025 9. NEW AND CONTINUING BUSINESS 9.A Jessup/Carnegie Project Update (Sean Scully/David Riccitiello) City Manager Scully and Member Riccitiello provided an update on the project with Member Faria providing comments regarding the Lincoln Civic Auditorium. A brief discussion followed. 9.B Lincoln Airport Business Park RFI/RFP. (Sean Scully/Erin Frye) Economic Development & Communications Specialist Frye and City Manager Scully provided an update on the RFI/RFP process. A brief discussion followed. 10. NEXT REGULARLY SCHEDULED MEETING – September 10, 2025 at 9:00am. 11. ADJOURNMENT Chairperson Joann Hilton adjourned the meeting at 10:28am. Submitted by Hope Ithurburn, City Clerk ___________________________ Hope Ithurburn, City Clerk

LOGITECH: SO IT KEEPS ME ON THE LINE, KEEPS ME OUT OF TROUBLE. YEAH. I'VE BEEN… LOGITECH: I KEEP SALAD SANDWICHES. WE ARE LIVE, MIC IS ON, JUST HEADS UP. MIC IS ON. LOGITECH: WE'LL GO AHEAD AND START THE MEETING WILL CALL IT TO ORDER, EVEN THOUGH WE DON'T HAVE A QUORUM QUITE YET, BUT I'M HOPEFUL THAT SOMEONE WILL ARRIVE. WE JUST NEED ONE MORE. SO… LOGITECH: DO THE ROLL CALL, OR SHOULD WE WAIT AT THE ROLL CALL FOR A FEW MINUTES, AND DO FUDGE FIRST? IS THAT POSSIBLE? LOGITECH: SURE. YOU WANT TO FLIP IT? OKAY. JASON, WOULD YOU LEAD US IN THE… 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: THANK YOU. LOGITECH: I DON'T KNOW, YEAH. LOGITECH: SO… GO AHEAD AND DO THE ROLL CALL. CHAIRPERSON THOMPSON? LOGITECH: PERIOD. LOGITECH: NUMBER OF ON-CHARDS? LOGITECH: ABSENT? LOGITECH: MEMBER… SORRY, YA? LOGITECH: REMEMBER MAHMOOD? ABSENCE. LOGITECH: MEMBER PRICE? HERE. MEMBER RICCATELLO? HERE. LOGITECH: THANK YOU. LOGITECH: … YAY! WE HAVE A QUORUM! WE HAVE A QUORUM! I DON'T EVEN HAVE AN EXCUSE. LOGITECH: JUST, YOU STAND HERE, AND THEN THERE WON'T BE A GOOD JOB. THAT'S NOT ME. REMEMBER FURIA'S CHEER? NO CHEER, YOU GUYS ARE A LITTLE BIT OF CHEER. IT'S ALL THEIR ENERGY ON ME. LOGITECH: SO WE HAD ONE CITIZEN. WOULD YOU LIKE TO ADDRESS THE COMMITTEE ON ANYTHING NOT ON THE AGENDA? LOGITECH: NO, MA'AM. LOGITECH: THANK YOU FOR COMING, APPRECIATE IT. SO, WE'RE READY TO START WITH OUR WONDERFUL SPOTLIGHT FOR THE BUSINESSES, AND I'D LIKE TO INTRODUCE TO YOU MY FRIEND JIM DAMAGROSIO, WHO IS THE OWNER OF THE GOLD AND COIN SHOP IN LINCOLN GOLD AND COIN. LOGITECH: AND HAS BEEN THERE FOR A NUMBER OF YEARS. PROBABLY TELL US HOW MANY. ELEVEN AND A HALF. ELEVEN AND A HALF. LOGITECH: AND HE'S GOING TO GIVE US A LITTLE UPDATE ON WHAT YOU DO, AND HOW WE INTERACT WITH THE CITY. LOGITECH: OKAY, SO, … LOGITECH: WELL, JOANNE ASKED ME TO COME SPEAK, AND UNFORTUNATELY, I'VE GOT SOMETHING GOING ON. I'M GONNA HAVE TO GET BACK AFTER MY SPEECH, SO, … LOGITECH: BUT ANYWAY, … I'M DELIGHTED TO BE HERE. LOGITECH: SHARON? LOGITECH: MY STORY, AS WELL AS, SOME THOUGHTS I HAVE ABOUT THE CITY, AND… LOGITECH: WHAT'S GOING ON? I MEAN, WHAT SHOULD BE APPROACHING? LOGITECH: FIRST OF ALL, LET ME JUST SAY THAT I HAVE BEEN INVOLVED IN THE FINANCIAL COMMUNITY, IF YOU WILL, THE FINANCIAL BUSINESS. LOGITECH: MOST FOLLOWED BY ADULT LIFE. LOGITECH: IT WAS DRAFTED, DURING THE VIETNAM WAR, WHEN THEY GOT OUT OF THE SERVICE. LOGITECH: I DECIDED I WANTED TO, OR I THOUGHT I WANTED TO BE A STOCKBROKER. LOGITECH: I WENT AND… TOOK SOME CLASSES. LOGITECH: PASSED THE TEST, AND BECAME ONE OF THE YOUNGEST LOGITECH: LICENSED STOCKBROKERS EVER IN THE STATE OF CALIFORNIA. I WAS BARELY 29 YEARS OLD. LOGITECH: AND, WENT TO WORK FOR A… LOGITECH: VERY LARGE FIRM DOWN IN CENTURY CITY. IF ANY OF YOU KNOW THE LOS ANGELES AREA, CENTURY CITY'S KIND OF THE FINANCIAL HUB, IF YOU WILL. LOGITECH: AND UNFORTUNATELY, BECAUSE I WAS BRAND NEW AND YOUNG, THEY WOULDN'T ALLOW ME TO BE A TRADER, SO THEY HAD ME DOING CORPORATE FINANCE WORK. LOGITECH: AND … BUT I WENT IN IN THE MORNING, AND I LISTENED TO THESE GUYS SIT AROUND, DRINK THEIR COFFEE, AND SAY, OKAY, BOYS, WHICH STOCKS ARE WE GONNA PUSH TODAY? AND, YOU KNOW, TALK ABOUT LOGITECH: YOU KNOW, TAKING ADVANTAGE OF FOLKS, AND CHURNING THEIR ACCOUNTS, AND MAKING MONEY ON THE BUYS, AND MAKING MONEY ON THE SELLS, AND… LOGITECH: AFTER A LITTLE WHILE, I JUST DECIDED THIS JUST DOESN'T SEEM TO BE FOR ME. LOGITECH: AND THEY HAD ME DOING, LIKE I SAY, CORPORATE FINANCE WORK THAT WAS A LARGE CONGLOMERATE REPUBLIC CORPORATION THAT LOGITECH: WANTED TO ACQUIRE A LEASING COMPANY, BECAUSE LEASING, BACK IN THOSE DAYS, HAD SOME REAL TAX ADVANTAGES OVER BUYING. YOU COULDN'T WRITE IT OFF AS FAST IF YOU BOUGHT SOMETHING AS IF YOU LEASED IT. LOGITECH: UNFORTUNATELY, I COULD NOT FIND A LEASING COMPANY AVAILABLE THAT WAS LARGE ENOUGH FOR REPUBLIC CORPORATION. LOGITECH: BUT I DID FIND A LITTLE BANK IN ORANGE COUNTY, WHERE I LIVED, THAT HAD A LEASING OPERATION THAT THEY HAD TO SPIN OFF BECAUSE OF CHANGE IN BANKING LAWS. LOGITECH: THE ONE BANK HOLDING COMPANY ACT CAME INTO EFFECT, AND LOGITECH: IN ORDER TO DO THINGS OTHER THAN BANKING. LOGITECH: THE BANK HAD TO HAVE A HOLDING COMPANY, WHICH WOULD OWN LOGITECH: THE LEASING COMPANY, OR THE WHATEVER MORTGAGE COMPANY, WHATEVER YOU HAD. LOGITECH: AND, THEY DIDN'T HAVE ONE, THEY DIDN'T WANT TO START ONE, SO I ENDED UP ACQUIRING THEIR LEASING OPERATION. LOGITECH: AND, GOT INTO THE LEASING BUSINESS. LOGITECH: MOSTLY SPECIALIZED IN CARS, I WAS A CAR MY WHOLE LIFE. LOGITECH: BUT I DID OTHER THINGS AS WELL, BUT… … LOGITECH: BUSINESS GREW, I STARTED IT LITERALLY IN MY SPARE BEDROOM AT HOME. LOGITECH: AND THE YEAR THAT I SOLD IT, IN 1980, WHEN I, MOVED UP HERE, I DID $10.5 MILLION. GOOD FOR YOU. LOGITECH: SO IT GREW QUITE, QUITE A BIT. LOGITECH: 1978, I WAS… 31, NOT QUITE 32 YEARS OLD. LOGITECH: THINGS WERE HAPPENING, PEOPLE WERE STARTING BANKS. LOGITECH: AND I WAS HAVING LUNCH WITH MY ATTORNEY ONE DAY, AND LOGITECH: I SAID TO HIM, TONY, I SAID, WE OUGHT TO START A BANK. AND HE LAUGHED, AND WE LEAKED OUR WATER GLASSES, AND… LOGITECH: TWO YEARS LATER, I HAD STARTED MY FIRST BANK. LOGITECH: DOWN IN ORANGE COUNTY, AND CALLED SOUTH COAST NATIONAL BANK. LOGITECH: AND WE HAD OTHER DIVISIONS. WE HAD SOUTH COAST LEASING, SOUTH COAST MORTGAGE. LOGITECH: YOU KNOW, SOUTH COAST THRIFT AND LOAN. LOGITECH: DID, YOU KNOW, QUITE A BIT OF BUSINESS, AND … LOGITECH: THEN ALONG CAME SOMEBODY AND OFFERED TO BUY MY LEASING COMPANY FROM ME. LOGITECH: AND, MADE ME A REALLY GOOD OFFER, SO I SOLD IT. LOGITECH: AND, … LOGITECH: THEN ONE OF THE INVESTORS THAT I BROUGHT INTO THE BANK APPROACHED ME ON BUYING OUT MY SHARE OF THE BANK. HE SAID, JIM. LOGITECH: YOU KNOW. LOGITECH: BUY YOU OUT, AND THEN I'LL BE THE LARGEST STOCKHOLDER, AND THEN I'LL TAKE OVER AS PRESIDENT AND CHAIRMAN, AND… LOGITECH: AND THE OFFER HE MADE ME GAVE ME A 375% RETURN ON MY INVESTMENT. LOGITECH: IN 2 YEARS. I COULDN'T TURN IT DOWN. LOGITECH: SO I ACCEPTED IT, AND THOUGHT I WAS GOING TO RETIRE AT 34 YEARS OLD. WE MOVED, LEFT SOUTHERN CALIFORNIA, MOVED UP HERE BECAUSE MY WIFE WANTED TO GET OUT OF LOGITECH: SMOG AND THE CROWD AND EVERYTHING ELSE. LOGITECH: WHAT YEAR WAS THIS WHEN YOU MADE A MAJOR MOVE? LOGITECH: SO WE MOVED UP HERE. YEAH. THAT WAS IN, 1980. LOGITECH: AND, … LOGITECH: I SAID, I THOUGHT I WAS GOING TO RETIRE, BUT MY WIFE HAD OTHER IDEAS. SHE SAID, YOU'RE DRIVING ME NUTS. SO, I ENDED UP, THROUGH A FRIEND FROM SOUTHERN CALIFORNIA, HE CAME UP TO VISIT ME, AND I OPENED UP A MORTGAGE COMPANY. LOGITECH: ACTUALLY IN LOOMIS, WHERE WE LIVED, AND, WAS DOING QUITE A BIT OF MORE… LOGITECH: SECOND MORTGAGES A LOT, BECAUSE, LOGITECH: THE REAL ESTATE MARKET THEN WAS SUCH THAT, YOU KNOW, THEY'RE… LOGITECH: PEOPLE WERE, IN ORDER TO SELL THEIR HOUSE, THEY'RE HAVING TO TAKE SELLER CARRYBACK SECONDS. LOGITECH: AND WHEN THE SECOND CAME DUE, THEY DIDN'T KNOW WHAT TO DO. THERE WASN'T ANYBODY IN THIS AREA THAT WERE… WAS FINANCING THOSE, AND I HAPPENED TO LOGITECH: WE'RE ABLE TO HANDLE THAT FOR THEM. LOGITECH: AND, SO I DID… I DID THAT. LOGITECH: FOR SEVERAL YEARS, AND THEN A GROUP OUT OF LOOMIS, ACTUALLY, ORIGINALLY. LOGITECH: BECAUSE I WAS INVOLVED WITH THE CHAMBER THERE, TALKED ME INTO STARTING ANOTHER BANK. LOGITECH: I ENDED UP STARTING, LOGITECH: COUNTRYSIDE, BANK UP IN THIS AREA. AND, WE HAD, BRANCHES ULTIMATELY IN, WE STARTED IN… LOGITECH: ROSEVILLE, CITRUS HEIGHTS, WE HAD THE BRANCH IN LOOMIS. LOGITECH: ONE IN AUBURN. LOGITECH: AND THEN THROUGH THE STATE BANKING PEOPLE WHO KNEW ME, I ENDED UP ACQUIRING A BRANCH DOWN IN SOUTHERN CALIFORNIA, OF ALL THINGS, BUT THEY… THEY KNEW ME QUITE WELL, AND THEY KNEW THAT IT WOULD BE A GOOD FIT FOR ME. LOGITECH: AND I DID THAT FOR 5 YEARS, AND … LOGITECH: THAT TOOK ME TO… TO 88. LOGITECH: AND THEN I STARTED GETTING HIGH BLOOD PRESSURE, AND MY DOCTOR SAID… I WAS CONCERNED. I MEAN, I SAID TO MYSELF, I HAVE $220 MILLION OF OTHER PEOPLE'S MONEY. ARE WE MAKING THE RIGHT DECISIONS? ARE WE DOING THE RIGHT THINGS? LOGITECH: SO, ANYWAY… WHAT ARE YOU, LIKE, 43 AT THIS POINT? NO, SEE, THAT WOULD HAVE BEEN 88. I WAS… LOGITECH: 46, 56, 66. OKAY. OKAY. LOGITECH: WHAT, 30… 8 YEARS OLD. AND, … ANYWAY, I, … LOGITECH: ENDED UP, STEPPING BACK. I TOLD THE BOARD I WAS NOT GOING TO RENEW MY CONTRACT. LOGITECH: AND, … SORT OF KIND OF RETIRED AGAIN. AND, THEN MY, MY BROTHER-IN-LAW. LOGITECH: CALLED UP AND SAID, JIM, I NEED TO SELL MY BUSINESS. HE HAD A LITTLE LOGITECH: GARAGE DOOR BUSINESS DOWN IN CORONA, CALIFORNIA. LOGITECH: AND HE WAS GETTING A DIVORCE, HE NEEDED TO SELL THE COMPANY. AND SO… LOGITECH: I TOLD MY WIFE, I SAID, YOU KNOW, IF… IF I HELP HIM FIND A BUYER, THE FIRST THING THEY'RE GONNA DO IS GET RID OF HIM, AND THIS IS ALL HE'S EVER DONE. LOGITECH: SO… WHY DON'T WE JUST BUY THE COMPANY, WE'VE GOT THE MONEY, AND THEN LET HIM RUN IT. LOGITECH: AND SO, THAT'S WHAT WE DID, AND I ENDED UP LOGITECH: BEING IN THE GARAGE DOOR BUSINESS, AND I COULDN'T… LOGITECH: COULDN'T LEAVE WELL ENOUGH ALONE. I HAD TO EXPAND IT, YOU KNOW, AND … LOGITECH: THEN THROUGH THE INDUSTRY, I HEARD OF A FELLOW WHO PASSED AWAY DOWN IN SAN DIEGO, AND HIS WIDOW HAD TO SELL THAT COMPANY, BECAUSE SHE DIDN'T KNOW ANYTHING ABOUT IT. SO I BOUGHT THAT ONE. THEN I OPENED ONE UP HERE, AND I HAD THE STATE BASICALLY COVERED IN GARAGE DOORS. LOGITECH: I DID THAT UNTIL… A FRIEND OF MINE CALLED ME UP. LOGITECH: HE WAS WITH XEROX. HE WAS AN EXECUTIVE VICE PRESIDENT, AND THEY WERE DOWNSIZING. THEY MADE HIM A HECK OF A DEAL, AND I THINK THEY GAVE HIM, LIKE, $4 MILLION TO… LOGITECH: TAKE EARLY RETIREMENT, AND HE… LOGITECH: APPROACHED ME, BECAUSE HE SAID, JIM, I'VE GOT A COUPLE OF KIDS, AND I'M TOO YOUNG TO REALLY RETIRE, AND I SAID, YOU'VE… LOGITECH: STARTED A LOT OF BUSINESS, DID A LOT OF THINGS. HE SAID, CAN YOU HELP ME FIND SOMETHING? LOGITECH: SO I SAID, WELL, LOOK, COME RIDE AROUND WITH ME WHILE I'M DOING MY SUPERVISING, AND I SAID, YOU'RE JUST SITTING HOME WATCHING OPRAH WINFREY ANYWAY, SO WHY DON'T YOU COME WITH ME? SO WE DID, AND … AFTER A WEEK, HE APPROACHED ME TO LOGITECH: JIM, WOULD YOU LIKE A PARTNER IN YOUR BUSINESS? I SAID, I DON'T NEED A PARTNER IN MY BUSINESS. LOGITECH: YOU KNOW, EAST… SO THEN, … LOGITECH: WE, … HE SAID, WELL, THEN WOULD YOU SELL ME THE COMPANY? LOGITECH: AND I SAID, NO, I DON'T THINK SO. WENT HOME THAT NIGHT, AND I TOLD MY WIFE. LOGITECH: MIKE APPROACHED ME TO BUY A COPY TODAY, AND SHE SAID, WHAT'D YOU TELL THEM? LOGITECH: I SAID, I TOLD HIM, NO. AND SHE SAID, WELL, YOU'VE BEEN LOOKING FOR AN EXIT STRATEGY, YOU DUMMY. HERE'S ONE LOOKING YOU IN THE FACE, AND YOU TURNED IT DOWN. SO I WENT BACK THE NEXT DAY, AND I TOLD HIM. LOGITECH: OKAY, MIKE, I'LL SELL YOU THE COMPANY. HE SAID, HOW MUCH DO YOU WANT? I TOLD HIM, AND HE WROTE ME A CHECK. LOGITECH: RIGHT THEN. LOGITECH: AND SO I ENDED UP GETTING OUT OF THAT, AND THAT… LOGITECH: DID ACTUALLY GET ME INTO RETIREMENT. I RETIRED FOR 11 YEARS. LOGITECH: AND, … LOGITECH: WE TRAVEL THE WORLD, DID ALL THE THINGS YOU THINK YOU WANT TO DO WHEN YOU'RE RETIRED, BUT THEN I GOT BORED WITH RETIREMENT. LOGITECH: AND LOGITECH: DIDN'T KNOW WHAT I WAS GONNA DO, LOOKED AROUND AT DIFFERENT THINGS. WE HAD MOVED HERE TO LINCOLN IN 2006, LOGITECH: AND, SO… YOU KNOW, HAVING BEEN INVOLVED IN, YOU KNOW, A LOT OF THE COMMUNITY ACTIVITIES AND THINGS. LOGITECH: I THOUGHT, MAN, I COULD DO SOMETHING IN LINCOLN. LOGITECH: AND, … ONE OF MY FORMER EMPLOYEES. LOGITECH: HAD OPENED A GOLDEN COIN SHOP IN ROSEVILLE. LOGITECH: AND I STARTED HANGING OUT WITH THEM, BECAUSE I HAD INVESTED IN GOLD SINCE THE LATE 70S, WHEN IT WAS $350 AN OUNCE. LOGITECH: AND SO I STARTED HANGING OUT, AND I THOUGHT, WOW, THIS IS FUN, I COULD DO THIS, AND I COULD DO IT IN LINCOLN. LOGITECH: YOU KNOW, AND… BECAUSE THERE'S NOTHING LIKE IT, AND I KNOW THERE'S NOTHING LIKE IT IN LINCOLN. LOGITECH: AND SO I ENDED UP OPENING, LINCOLN GOLDEN COIN. LOGITECH: AND TOOK IT TO A DIFFERENT LEVEL OTHER THAN WHAT HE HAD. I MEAN, HE DIDN'T HAVE ALL THE JEWELRY AND ALL THE STUFF THAT I HAVE. I DON'T KNOW IF ANY OF YOU HAVE EVER BEEN IN MY SHOP, BUT… LOGITECH: WE'VE GOT… YOU KNOW, QUITE A VARIETY OF COLLECTIBLES AND COINS. LOGITECH: GOLD AND SILVER BULLION, AND YOU NAME IT, PRETTY MUCH WE'VE GOT IT. LOGITECH: AND, … AND IT'S BEEN GREAT. I MEAN, IT REALLY, REALLY HAS. THE COMMUNITY, THE BUSINESS COMMUNITY IS, … LOGITECH: REALLY VERY… LOGITECH: PLEASANT TO WORK WITH, AND EVERYBODY'S KIND OF BUDDIES, YOU KNOW, WITH EACH OTHER, AND WE HELP EACH OTHER OUT, AND WE'RE ALWAYS, YOU KNOW, IF SOMETHING COMES IN MY SHOP. LOGITECH: THAT IT ISN'T RIGHT FOR ME, I'LL TAKE IT DOWN TO TOM OVER AT THE FRAME SHOP, OR, YOU KNOW, ONE OF THE OTHER SHOPS, AND… LOGITECH: SO… YOU KNOW, IT'S BEEN… IT'S BEEN REAL, REAL GOOD. LOGITECH: GOT INVOLVED PRETTY HEAVILY WITH THE DOWNTOWN LINCOLN ASSOCIATION. LOGITECH: OTHER, YOU KNOW, THE CHAMBER EVEN, AND … LOGITECH: AS YEARS WENT ON, I MEAN, I'M GONNA BE 79 YEARS OLD THIS YEAR, AND YOU KNOW, I GET UP IN THE MORNING, ABOUT ALL I CAN DO IS OPEN MY SHOP AND WORK ALL DAY, AND THEN GO HOME AND HAVE A COUPLE GLASSES OF WINE, AND RELAX. SO, IT KIND OF, LOGITECH: TOOK ME OUT OF THE DESIRE, IF YOU WILL, TO BE INVOLVED IN ALL THE OTHER EXTRACURRICULAR ACTIVITIES. LOGITECH: BUT, … AS FAR AS THE CITY OF LINCOLN IS CONCERNED, … LOGITECH: I THINK THEY'VE BEEN VERY, VERY HELPFUL. LOGITECH: TO… CERTAINLY TO MY BUSINESS, AND… LOGITECH: AND OTHERS, THAT I'M AWARE OF. LOGITECH: YOU KNOW, THE BIGGEST PROBLEM, I THINK, IN DOWNTOWN LINCOLN IS PARKING, AND I MEAN, THAT'S… LOGITECH: NOTHING NEW TO EVERYBODY. EVERYBODY KNOWS IT'S A PROBLEM. LOGITECH: I WAS HOPEFUL THAT THEY WERE GOING TO BUY THE LOT WHERE THE NEW OFFICE BUILDING IS GOING IN ACROSS THE KITTY CORNER FROM THE CITY HALL, AND PUT IN A MULTI-LEVEL PARKING GARAGE, BUT THAT DIDN'T HAPPEN. LOGITECH: AND, … SO, YOU KNOW, I DON'T KNOW WHAT… LOGITECH: WE COULD DO ABOUT IT. IT'S JUST, THERE'S JUST NO SPACE REALLY AVAILABLE TO DO ANYTHING MORE. I WAS A LITTLE SURPRISED WHEN THEY ALLOWED, LOGITECH: THE PIZZA JOINT TO BLOCK OFF ALL THE PARKING ALONG THE SIDE THERE, AND PUT IN THEIR LITTLE LOGITECH: THING THAT THEY DID, WHICH I UNDERSTAND THEY NEED THE SEATING, YOU KNOW, AT TIMES OF THE YEAR AND SO FORTH. LOGITECH: BUT, … IT DID KNOCK OUT A NUMBER OF SPACES. LOGITECH: YOU KNOW, IT'S… IT'S JUST A PROBLEM, AND IT'S GONNA CONTINUE TO BE A PROBLEM. LOGITECH: BECAUSE THERE JUST ISN'T ANYWHERE TO PUT A PARKING LOT, IF YOU WILL. LOGITECH: IN DOWNTOWN… RIGHT DOWNTOWN. LOGITECH: THE CITY HAS, … LOGITECH: MOVED AHEAD WITH SOME OF THE SUGGESTIONS I HAD MADE. YEARS AGO, WE TALKED ABOUT, YOU KNOW, WHAT CAN WE DO, AND I SAID, YOU GUYS NEED TO HAVE SOME SIGNS. I NOTICED THAT THEY PUT UP SIGNS, YOU KNOW, CITY HALL THIS WAY, PARKING THIS WAY, AND SO ON AND SO FORTH, WHICH… LOGITECH: I WAS GLAD TO SEE THAT. LOGITECH: AND, … LOGITECH: YOU KNOW, OTHER THAN THAT, I HAVE REALLY NO COMPLAINTS, IF YOU WILL, WITH REGARD TO THE CITY. THEY'VE BEEN, LIKE I SAY. LOGITECH: VERY COOPERATIVE, WITH ME AND OTHER BUSINESSES THAT I'M AWARE OF. LOGITECH: SO… YOU KNOW, AS FAR AS THE… LOGITECH: DEVELOPMENT, IF WE COULD COME UP WITH SOME WAY TO PUT IN PARKING. LOGITECH: YOU KNOW, THERE ARE A FEW EMPTY LOTS. LOGITECH: IF YOU GO A LITTLE BIT DOWN… DOWN THE STREET, LIKE AT, LOGITECH: WHAT IS IT, 5TH? THERE'S A KIND OF AN OPEN AREA, I DON'T KNOW IF THAT SEEMS… FIFTH AND F. YEAH. FIFTH AND F, RIGHT. YEAH. LOGITECH: BUT HOW DO YOU GET THE MONEY FOR A MULTI-STORY PARKING LOT? HOW DO YOU GET THE MONEY FOR IT? LOGITECH: WELL… THAT'S A PROBLEM. YEAH, THAT'S THE BIG PROBLEM. LOGITECH: YOU KNOW? LOGITECH: MAYBE THEY CAN CHARGE FOR PARKING, I DON'T KNOW, YOU KNOW? I MEAN… LOGITECH: AS A BUSINESS, I THINK I WOULD BE WILLING TO CONTRIBUTE. LOGITECH: YOU KNOW, SOMETHING TOWARD IT, BUT… LOGITECH: IT'S A PROBLEM. IT JUST IS A PROBLEM. WE DO HAVE A LOT OF PARKING SPACES IN THIS… IN… AROUND, LIKE, 1,100 PARKING SPACES, BELIEVE IT OR NOT. LOGITECH: PEOPLE DON'T WANT TO WALK VERY FAR. PROBABLY DON'T BELIEVE IT. WELL, I GET A LOT OF OLDER FOLKS IN MY SHOP FROM SUN CITY, AND SO… SO THE WALKING IS AN ISSUE. THE WALKING IS A PROBLEM. WELL, IT'S TOUGH, BECAUSE YOU'RE CONSTRAINED, BECAUSE THERE'S ONLY PARALLEL PARKING. RIGHT, SO THAT'S HARD. YEAH, AND THE STREET ISN'T WIDE ENOUGH TO DO ANYTHING ELSE, REALLY. LOGITECH: ESPECIALLY BECAUSE OF THEIR… … LOGITECH: YOU KNOW, THEY'LL PARK THINGS IN THAT CENTER THING TO UNLOAD CARS FOR THE BODY SHOP ACROSS THE STREET, OR TO… LOGITECH: UNLOAD FOOD OR BEVERAGES FOR THE RESTAURANTS IN THE AREA, AND … SO IT'S GOTTA… IT'S GOTTA BE THERE, YOU KNOW, YOU CAN'T JUST TAKE OUT THAT CENTER… CENTER LANE. … LOGITECH: YOU KNOW, I DON'T KNOW, WHAT THE ANSWER IS. LOGITECH: IF I KNEW AN ANSWER, I'D CERTAINLY, YOU KNOW, SPILL IT OUT. BUT, … LOGITECH: I'M NOT SURE PAID PARKING WOULD JUSTIFY ITSELF. LOGITECH: I MEAN, THINK OF THAT AS YOU'RE AN ENTREPRENEUR, SO, LIKE, DO YOU THINK THAT IF… LOGITECH: IF THERE WAS A CASE MADE TO A BUSINESS OWNER OR A LANDOWNER WHERE THEY COULD MAYBE GO SECOND STORY AND DO A FIRST FLOOR, SECOND FLOOR PARKING GARAGE, OR SOMETHING LIKE THAT, I DON'T… WHAT'S YOUR SENSE OF WHAT PEOPLE'S WILLINGNESS… HOW OFTEN WOULD IT BE FULL? WOULD IT… WOULD IT GENERATE REVENUE? LOGITECH: THERE CERTAINLY ARE TIMES, I KNOW, THAT… LOGITECH: AND I THINK WE WOULD BRING MORE BUSINESS TO DOWNTOWN. I ACTUALLY HAVE HAD PEOPLE SAY TO ME, YOU KNOW, YEAH, YOU KNOW, DON'T WANT TO COME DOWN THERE, YOU KNOW, PARKING'S A PROBLEM. YEAH, THAT'S RIGHT. LOGITECH: RIGHT. SO IT… LOGITECH: YOU KNOW, IT'S HARD TO SAY, I MEAN, BUT I THINK THAT THERE WOULD BE A NEED, AND OF COURSE, WE COULD MAKE THE LOGITECH: THE EMPLOYEES AND THE BUSINESS OWNERS PARK IN THE MULTI-LEVEL, AND… THAT'S TRUE, FREE UP THE STREET PARKING. YOU KNOW, AND THEN THAT WOULD OPEN UP SPACES IN THE, IN THE, YOU KNOW, PARKING LOT ACROSS HERE, AND… LOGITECH: WHERE DO I HEAR THEM? YEAH. BOTH SIDES. YOU'RE RIGHT BOTH WAYS. CHAIR, CAN I JUST SHARE ONE QUICK THING? JAMES, I SAID THIS LAST TIME YOU WERE HERE, BUT I'M JUST GONNA… I WANT TO SHARE IT AGAIN, BECAUSE IT JUST MEANS SOMETHING TO ME. SO, JUST SO EVERYBODY KNOWS. LOGITECH: A COUPLE YEARS AGO, MY MOM PASSES AWAY, AND I'M THE EXECUTOR OF HER ESTATE, SO MY JOB IS… ONE OF MY JOBS IS TO GO GET HER JEWELRY SOLD. BUT, YOU KNOW, ALSO JUST COSMETIC STUFF, BUT IT WAS… LOGITECH: A FEW LITTLE GOLD THINGS. SO, YOU KNOW, I LOOKED UP JAMES' BUSINESS, AND I DIDN'T KNOW HIM, AND I WENT IN THERE WITH MY WIFE ONE DAY, AND ON A SATURDAY, HIM AND HIS GRANDSON WERE SUPER NICE, AND THEY TOOK CARE OF US, SO WE DON'T KNOW ANYTHING ABOUT JEWELRY OR GOLD OR ANY OF THAT. AND THEY KIND OF EXPLAINED EVERYTHING, MADE IT REALLY SIMPLE. LOGITECH: AND PAID US FOR, YOU KNOW, WHATEVER IT IS THEY WERE INTERESTED IN BUYING. AND SO, ANYWAY, WE WERE REALLY HAPPY WE LEFT. LOGITECH: COUPLE WEEKS PASS, AND I GET THIS… … LOGITECH: VOICEMAIL FROM JAMES ON MY WORK PHONE. AND HE GOES, HEY, I… WE MADE A LITTLE ERROR IN CALCULATING THE WEIGHT OF ONE OF THE PIECES THAT YOU BROUGHT AS WE WENT BACK AND LOOKED, SO WE OWE YOU 100 BUCKS. AND HE BROUGHT A LITTLE ENVELOPE WITH 100 BUCKS AND DROPPED IT OFF HERE AT THE FRONT DESK. LOGITECH: AND I, LIKE, I JUST THOUGHT IT WAS SUCH A NICE THING TO DO, BECAUSE I WOULD HAVE NEVER KNOWN, ONE WAY OR THE OTHER. I DON'T KNOW ANYTHING ABOUT THAT, SO IT JUST KIND OF SHOWS ITS INTEGRITY, AND… LOGITECH: ABSOLUTELY. WELL, THEN GIVE THE GUY SOME PARKING SPACES, SEAN. I FEEL LIKE I SHOULD HAVE GIVEN THE HUNDRED BACK. KEEP THAT HUNDRED IN TOWARD THE PARK. HAVE YOU LOOKED AROUND AT LOTS THAT ARE OPEN FOR SALE? BECAUSE THERE'S DIRT. HAVE YOU THOUGHT ABOUT, LIKE, WELL, WHAT IF I… LOGITECH: PUT A PARKING LOT IN AND STARTED SELLING SPACES ON IT. I'M WONDERING… I'M CURIOUS ABOUT THIS IDEA OF, LIKE, TRYING TO, I DON'T KNOW, LIKE. LOGITECH: NON-GOVERNMENTIZE THE SENSE OF TRYING TO INCREASE PARKING. BECAUSE WE KEEP PRIVATE… THERE IT IS. BECAUSE WE KEEP HEARING THIS OVER AND OVER AGAIN, AND I FEEL LIKE WHAT I'VE HEARD US SAY IS THERE'S PLENTY OF PARKING. LOGITECH: BUT EVERY TIME SOMEBODY OWNS A BUSINESS COMES IN HERE, THEY SAY THE OPPOSITE. SO, THERE'S OBVIOUSLY TWO DIFFERENT, STORIES. I'M SURE WE'RE BOTH RIGHT, AND I'M TRYING TO FIGURE OUT, LIKE, IS THERE… SHOULD WE BE LOOKING FOR INVESTORS THAT WOULD WANT TO PRIVATIZE PARKING IN DOWNTOWN? LOGITECH: MIGHT NOT BE A BAD IDEA. HADN'T THOUGHT ABOUT IT, BUT… CAN'T HURT TO LOOK GOOD. LOGITECH: I'M JUST… I'M WONDERING, BECAUSE IT'S ONLY GOING TO GET MORE DEBTS, RIGHT, IN THAT AREA, AND PEOPLE ARE ONLY GOING TO BLOCK MORE. WITH ALL OF THE CONSTRUCTION GOING ON, ALL THE HOUSING AND EVERYTHING COMING IN, IT'S… IT'S GONNA… IF WE WANT TO BRING THE PEOPLE TO DOWNTOWN, IT'S… LOGITECH: IT'S GONNA GET WORSE, YOU KNOW? LOGITECH: OR IT'S GONNA GET SO BAD THAT THEY'RE GONNA GO SHOP SOMEWHERE ELSE, YEAH. OR CONTINUE TO JUST DO THAT, BECAUSE THEY DO IT NOW. A LOT OF OUR BUSINESS. AND OUR SALES TAX NUMBERS ARE REFLECTIVE OF THE FACT THAT PEOPLE CHOOSE NOT TO SHOP IN TOWN, SO… LOGITECH: DAVID, WHAT'S THE COST PER PARKING SPACE FOR A PARKING LOT? ISN'T IT, LIKE, $40,000? LOGITECH: LIKE THAT? AT LEAST 30, COULD BE AS HIGH AS 40. LOGITECH: I HAVEN'T RUN NUMBERS ON IT. FIRST PLACE. HOW DID DOWNTOWN ROSEVILLE FUND THEIR PARKING GARAGE? LOGITECH: IS THAT CITY-OWNED, OR IS THAT…? IT WAS PROBABLY A REDEVELOPMENT PROJECT. THEY HAD MONEY FROM THAT. LOGITECH: REDEVELOPMENT SECTION AS INTEGRATES. LOGITECH: YEAH, I MEAN, IF YOU'VE BEEN ON THIS COMMITTEE LONG ENOUGH, YOU'VE PROBABLY HEARD PAUL JOYNER SAY THIS STORY 5,000 TIMES, THAT THERE ARE PLANS FOR MULTI-STORY IN THE LOT VALET. OR THE ARTLEY IS… YEAH, THERE'S THE ART LEAGUE BUILDING, AND THEN YOU DRIVE UP THE RAMP, KIND OF. RIGHT. BUT, YOU KNOW, IT'S PROBABLY… LOGITECH: I DON'T KNOW. LOGITECH: MILLIONS OF DOLLARS KIND OF PROJECT? YES. LOGITECH: AND, YOU KNOW, LIKE, IT IS AN INTERESTING QUESTION, BECAUSE, LIKE, WOULD PEOPLE PAY TO PARK? I JUST DON'T KNOW THE ANSWER TO THAT YET. I DON'T KNOW IF WE'RE QUITE THE SIZE. LOGITECH: YEAH, THAT'S… THAT'S… I THINK THAT'S… A LOT OF IT IS PEOPLE COME DOWN HERE, AND YOU LOOK AT THE PLACES LIKE 4TH OF JULY, AND, AND THE CHRISTMAS EVENTS, PEOPLE COME DOWN HERE, AND… OR THE WINE FEST, PEOPLE COME DOWN HERE EN MASSE, AND THEY ALL LIE IN SPACE. LOGITECH: THOUSANDS OF PEOPLE. LOGITECH: I'VE NEVER HAD A COMPLAINT AT THE WINE TRUST ABOUT PARKING. NOT ONCE. I DON'T THINK THERE'S A LOT OF COMPLAINERS AT ALL, GENERALLY. I THINK, I THINK TO JIM'S POINT, THOUGH, I THINK A LOT OF RESIDENTS GO TO 12 BRIDGES BECAUSE PARKING ISN'T AN ISSUE LIKE IT IS IN DOWNTOWN, WHICH I THINK JUST… IT DOES HARM, YOU KNOW, JUST, IT HARMS THE… OR THEY GO TO ROSEVILLE? OR THAT, TOO. YOU'RE ALREADY IN THE CAR. SEE, LIKE, I COME DOWNTOWN FOR… TO EAT, BUT I GO IN LOGITECH: WITH THE INTENT OF KNOWING WE'RE NOT GONNA PARK CLOSE. LIKE, THAT'S JUST… I GO IN KNOWING THAT, SO WE JUST ALWAYS… WE DON'T EVEN LOOK CLOSE. WE PARK AT, LIKE, THE OUTSIDE, KNOWING THAT WE'RE NOT CLOSE. THE TEST TO SEE IF THE MARKET WILL PAY FOR PARKING IS TO METER THE PARKING WE CURRENTLY HAVE. LOGITECH: TRY TO PUSH THE EMPLOYEES AND SHOP OWNERS TO PARK REMOTELY, WHEN YOU'RE JUST RIGHT IN FRONT OF THE DOOR. RIGHT, YEAH, INTERESTING. LOGITECH: NOBODY LIKES IT, BUT EVERYONE STILL GOES THERE. THEY PULLED IN, AND THOSE OUT RIGHT THERE POPS IN. HE DID THAT IN THEIR DOWNTOWN. NOBODY LOVES IT, BUT IT'S STILL PACKED. YEAH, YEAH. LOGITECH: GRASS VALLEY DOES IT. LOGITECH: I MEAN, THAT'S… IT'S INTERESTING. IT'S AN IDEA. LOGITECH: OR, I MEAN, IF YOU DON'T WANT TO PUT A METER UP, YOU COULD… YOU COULD CALL ALL THOSE STREET-SIDE SPOTS, THOSE ARE, YOU KNOW, 1 OR 2 HOUR SPOTS, LONG ENOUGH FOR LUNCH. BUT THEY ARE. THEY'RE MARKED FOR 2 HOURS, AREN'T THEY? IT'S NOT ENFORCED. BUT IT'S NOT ENFORCED. OH, IT'S NOT ENFORCED. MAYBE THAT COULD BE SOMETHING TO START WITH. LOGITECH: WELL, THAT'S WORTH OUR RECOMMENDATIONS. I'M JUST TELLING YOU, LIK

ECONOMIC DEVELOPMENT COMMITTEE August 13, 2025 CITY OF LINCOLN ECONOMIC DEVELOPMENT COMMITTEE August 13, 2025 AS A COURTESY, PLEASE TURN OFF ALL CELL PHONES & ELECTRONIC DEVICES DURING THE MEETING BOARD / COMMISSION / COMMITTEE 9:00 AM CITY HALL First Floor Community Meeting Room 600 Sixth Street Lincoln, CA 95648 Whitney Eklund, Councilmember John Reedy, Councilmember Sean Scully, City Manager Erin Frye, Economic Development & Communications Specialist Melanie Borchardt, Member Andrea Faria, Member Joann Hilton, Chairperson Faraz Mahmood, Member Jason Price, Vice Chairperson David Riccitiello, Member or attend via ZOOM register by using this link: https://us06web.zoom.us/webinar/register/WN_soOckqMMR4ah16Jesqf_Cg or participate by calling US: +1 (669) 900-6833 use ID# 884 8306 6022 and use *9 to raise your hand to speak 600 Sixth Street ◆ Lincoln, CA 95648 ◆ www.lincolnca.gov ◆ 916-434-2400 1

1. CALL TO ORDER 2. ROLL CALL 3. PLEDGE OF ALLEGIANCE 4. CITIZENS ADDRESSING THE COMMITTEE (Within the subject matter jurisdiction of the Board / Commission / Committee) 5. PRESENTATIONS - Spotlight Speaker 6. APPROVAL OF MEETING MINUTES 7. SUBCOMMITTE REPORT OUT 8. STAFF UPDATES 9. NEW AND CONTINUING BUSINESS 10. NEXT REGULARLY SCHEDULED MEETING - September 10, 2025 at 9:00am 11. ADJOURNMENT 5.A James D'Ambrosio, Owner of Lincoln Gold and Coin 6.A Approval of Meeting Minutes of June 11, 2025. 9.A Jessup/Carnegie Project Update 9.B Lincoln Airport Business Park RFI/RFP Update 600 Sixth Street ◆ Lincoln, CA 95648 ◆ www.lincolnca.gov ◆ 916-434-2400 2

NOTE: Materials related to an item on this Agenda submitted to the Council/Redevelopment Successor Agency after distribution of the agenda packet are available for public inspection in the City Clerk's office at 600 Sixth Street, Lincoln, CA during normal business hours. Such documents are also available on the City of Lincoln's website at https://www.lincolnca.gov/ subject to staff's availability to post the documents before the meeting. In compliance with the American with Disabilities Act, the City will provide special assistance for disabled members of the public. The meeting room is wheelchair accessible and disabled parking is available. If you have a disability and need a disability-related modification or accommodation to participate in the meeting, please contact the City Clerk's Office at (916) 434-2490. As a courtesy, please make every effort to inform the Clerk of your needs at least 24 hours prior to the meeting so the City may make reasonable arrangements to ensure accessibility to this meeting. Pursuant to applicable laws and regulations, including without limitation, California Government Code Section 65009 and/or California Public Resources Code Section 21177, if you wish to challenge in court any of the above decisions (including any action regarding planning, zoning and/or environmental decisions), you may be limited to raising only those issues you or someone else raised at the public hearing(s) described in this notice/agenda, or in written correspondence delivered to the City at, or prior to, the public hearing. Levine Act Provisions -- The Levine Act requires a party (or the party's agent(s)) to a proceeding before the City of Lincoln that involves any action or consideration to their contract, license, permit, or other entitlement for use, to disclose any campaign contribution made to City elected or appointed officer totaling more than $500 within the 12 months before the City decision. This includes contributions to Councilmembers, Planning Commissioners and members of other City boards and commissions. 600 Sixth Street ◆ Lincoln, CA 95648 ◆ www.lincolnca.gov ◆ 916-434-2400 3

SUBJECT: James D'Ambrosio, Owner of Lincoln Gold and Coin SUBMITTED BY: City Clerk DEPARTMENT: City Clerk's Office DATE: August 13, 2025 Item Number 5.A STAFF REPORT 4

SUBJECT: Approval of Meeting Minutes of June 11, 2025. SUBMITTED BY: City Clerk DEPARTMENT: City Clerk's Office DATE: August 13, 2025 Item Number 6.A ATTACHMENTS: EDC MEETING MINUTES - 6.11.25 - Final.pdf STAFF REPORT 5

MINUTES CITY OF LINCOLN ECONOMIC DEVELOPMENT COMMITTEE June 11, 2025 The meeting was conducted in person at City Hall, 600 6 th Street, Lincoln, CA, and virtually on Zoom. 1. CALL TO ORDER by Chairperson Joann Hilton at 9:04am. 2. ROLL CALL: Committee members present: Melanie Borchardt (arrived at 9:07am) Andrea Faria Joann Hilton, Chairperson Faraz Mahmood Jason Price, Vice Chairperson David Riccitiello Absent: Jeremy Avant Staff and Council Liaisons Present: Whitney Eklund, Councilmember John Reedy, Councilmember Sean Scully, City Manager Erin Frye, Economic Development & Communications Specialist 3. PLEDGE OF ALLEGIANCE – led by Jason Price 4. CITIZENS ADDRESSING THE COMMITTEE (Within the subject matter jurisdiction of the Board / Commission / Committee) None. 5. PRESENTATIONS – Spotlight Speaker Chairperson Joann Hilton requested the spotlight speaker, Jeannette Guertin to speak before Item 5.A. 5.A Brown Act Training (Kristi McKenney, Junior Deputy City Attorney) Kristi McKenney, Junior Deputy City Attorney provided a PowerPoint presentation and provided training to staff and Committee members, pertaining to the Brown Act. 5.B Jeannette Guertin, Owner of La Quinta Inn & Suites Jeannette Guertin, owner of the La Quinta Inn & Suites, spoke about her background as well as the process of opening the hotel in Lincoln. Jeannette also brought her contractor, Larry Farinha, to speak about the project. 6. APPROVAL OF MEETING MINUTES 6.A Meeting minutes of May 14, 2025 Chairperson Hilton called for a motion of approval of the minutes. Committee Member Andrea Faria motioned to approve the May 14, 2025 meeting minutes, motion was seconded by Committee Member Faraz Mahmood. Motion passed unanimously by the 6

Page 2 of 2 Economic Development Committee Meeting Minutes June 11, 2025 following voice vote: Andrea Faria – Aye, Faraz Mahmood – Aye, Melanie Borchardt – Aye, Joann Hilton – Aye, David Riccitiello – Aye, Jason Price – Abstain, Jeremy Avant – Absent. (5,0,1,1) 7. SUBCOMMITTEE REPORT OUT Chairperson Joann Hilton spoke about a survey she sent out to the Committee Members regarding new meeting times for the Committee. The results determined the Economic Development Committee Meetings will continue at the same time. 8. STAFF UPDATES City Manager, Sean Scully and Faraz Mahmood provided a brief update regarding the trip to Las Vegas for the ICSC conference. Discussion Ensued between committee members and staff. Nita Wracker, Assistant City Manager / Finance Director, provided a handout made part of these minutes by mention thereof. 9. NEW AND CONTINUING BUSINESS 9.A Economic Development Committee Meting dates and times discussion. (Joann Hilton) See item 7. 9.B Report for the Lincoln Boulevard Project Updates. (Vin Cay) City Engineer Vin Cay provided comments regarding Jeannette Guertin and Larry Farinha’s presentation. Mr. Cay also gave a brief overview and provided updates regarding the Lincoln Boulevard Project. 9.C 84 Acre Master Developer RFP Discussion. (Erin Frye/Sean Scully) Economic Development & Communications Specialist Erin Frye provided a brief update on the 84 Acre Master Developer RFP and requested feedback from the committee. Discussion ensued between staff and committee members. 10. NEXT REGULARLY SCHEDULED MEETING – July 9, 2025 11. ADJOURNMENT Chairperson Joann Hilton adjourned the meeting at 10:33am. Submitted by Jessie Krost, Deputy City Clerk ___________________________ 7

SUBJECT: Jessup/Carnegie Project Update SUBMITTED BY: City Clerk DEPARTMENT: City Clerk's Office DATE: August 13, 2025 Item Number 9.A STAFF REPORT 8

SUBJECT: Lincoln Airport Business Park RFI/RFP Update SUBMITTED BY: City Clerk DEPARTMENT: City Clerk's Office DATE: August 13, 2025 Item Number 9.B ATTACHMENTS: DRAFT_-_LincolnAirportBusinessPark_RFI_MasterDeveloper_1 (2).docx LincolnAirportBusinessPark_RFP_MasterDeveloper_1 (1).docx STAFF REPORT 9

City of Lincoln Request for Information (RFI) Master Developer Opportunity - Lincoln Airport Business Park 10

I. Overview of the Project The City of Lincoln is issuing this Request for Information (RFI) to gather insights from qualified developers, real estate professionals, and industry experts interested in a catalytic development opportunity known as the Lincoln Airport Business Park, an 84-acre City-owned property adjacent to the Lincoln Regional Airport in Placer County, California. This RFI is a non-binding step in a two-part process. Responses will inform the formal Request for Proposals (RFP), expected to be released shortly thereafter. Respondents are encouraged to share their perspectives on site potential, development models, phasing strategies, partnership opportunities, and infrastructure needs. The City’s vision is to activate this site with a high-impact, job-generating development within aviation, clean energy, or advanced technology sectors. The goal is to create a long-term economic engine that enhances fiscal sustainability and contributes to regional industry growth. About Lincoln Lincoln is a growing community in an area known for its business-friendly environment, skilled workforce, and proximity to the Sacramento metro area. Lincoln offers direct adjacency to the Lincoln Regional Airport, strategic infrastructure investment (including a proposed EIFD), and a commitment to public-private partnerships. II. Project Objectives The Lincoln Airport Business Park is envisioned as a flexible, multi-phase development that meets the following objectives:  Job Creation in high-value sectors such as aviation, clean energy, advanced manufacturing, or technology.  Fiscal Impact, including generation of long-term sales and property tax revenues.  Compatible Land Use consistent with Light Industrial (M1) zoning.  Efficient Infrastructure Delivery, including water, sewer, and utility extensions.  Creative Partnerships, such as public-private structures or workforce development initiatives. The City is open to a range of development formats, including land lease, phased vertical delivery, or structured agreements that enable incremental value creation. III. Time Frame for Performance The City anticipates releasing the full RFP approximately 30–45 days following the RFI deadline. The selected master developer will then enter into an Exclusive Negotiation Agreement (ENA), with the goal of executing a Disposition and Development Agreement (DDA) within approximately 90 days of ENA commencement. 11

Respondents to this RFI are requested to submit their materials no later than: [Insert Date] IV. Specific Project Details  Site Size: 84 acres (APNs 021-590-019 and 021-590-020)  Zoning: Light Industrial (M1)  Ownership: City of Lincoln (public)  Location: Adjacent to Lincoln Regional Airport; near Highway 65; surrounded by industrial uses  Infrastructure: Utilities located near site; infrastructure extension required  Financing Tools: Potential EIFD inclusion for infrastructure reimbursement  Disposition Structure: Long-term lease or land sale negotiable based on project viability V. RFI Response Format & Guidance Please limit your response to 10 pages or fewer and include the following elements:  Cover Letter (1 page)  Introduce your firm or team and summarize your interest in the project.  Firm Qualifications & Relevant Experience  Briefly describe similar projects your team has undertaken, especially those involving light industrial, airport-adjacent, or clean energy development.  Initial Development Concept or Use Profile  Describe the types of uses your team sees as feasible or desirable on the site (e.g., aviation support, R&D, advanced manufacturing). Include thoughts on phasing, absorption, or vertical buildout.  Key Development Considerations  Share any insight on site readiness, infrastructure costs, market feasibility, or entitlement strategies that the City should consider in shaping the RFP.  Preferred Development Models or Structures  Indicate whether your team would be interested in: o Land purchase o Long-term lease o Phased ground lease o Public-private partnership o Other (please describe)  Optional: Additional Input o Provide any other ideas, considerations, or examples that may inform the City’s approach to the RFP. 12

VI. Submittal Instructions Responses should be submitted electronically in PDF format to: Kelli Newnan Purchasing, City of Lincoln kelli.newman@lincolnca.gov Subject: RFI – Lincoln Airport Business Park Deadline for submission: [Insert Deadline] Late submissions will not be considered. VII. Optional Pre-Bid Conference To support interested parties in preparing their RFI response, the City of Lincoln will host a virtual pre-bid conference via Zoom. This session will include an overview of the site, project objectives, and anticipated RFP timeline, followed by a live Q&A. Date: [Insert Date] Time: [Insert Time] Location: Zoom (link to be provided upon RSVP) RSVP Contact: [Insert Name/Email] Attendance is not required but is strongly encouraged for those considering a response to the future RFP. VIII. Disclaimers This RFI is not a solicitation for bids or proposals, nor does it constitute an offer or obligation to enter into any agreement. Responses to this RFI will not be scored or ranked but will inform the final RFP scope. Respondents may or may not be invited to respond to the future RFP, and participation in this RFI is not a prerequisite for RFP participation. 13

City of Lincoln Request for Proposals (RFP) Master Developer Opportunity - Lincoln Airport Business Park The City of Lincoln invites qualified master developers to submit proposals for an ±84.1- acre city-owned site known as the Lincoln Airport Business Park. This RFP seeks innovative project concepts that drive economic development, job creation, and/or sales tax generation within the aviation, clean energy, or technology sectors. This document outlines the project background, proposal requirements, evaluation criteria, and submission instructions. 14

I. Invitation to Submit Proposals The City of Lincoln (“City”) offers this opportunity for Qualified Developer/ Development Teams to submit a proposal to develop all or portions of a prime site in Placer County. This Request for Proposals (“RFP”) is intended to result in the selection of a developer to undertake the purchase or lease, planning, financing, and development of prime property located adjacent to the Lincoln Regional Airport and City of Lincoln Corporation Yard in Lincoln, California. The site consists of two parcels (±84.1-acre) zoned for Light Industrial as shown in the site map on the project website. Following several discussions and public input, the City has indicated that proposals including industrial uses in the area of aviation, technology, or clean energy will be considered. After reviewing submittals from this RFP, the City anticipates selecting a preferred developer and entering into an Exclusive Negotiation Agreement (“ENA”) which would provide a process for the negotiation and preparation of subsequent transaction documents ultimately leading to actual development of the project. The City may choose to short list a number of the submittals received under this solicitation for more detailed presentation, information or interview. The City of Lincoln is situated in the heart of South Placer County—one of the fastest-growing and most business-friendly regions in Northern California. Lincoln offers a unique blend of opportunity, with proximity to the Sacramento metro area, access to major transportation corridors, and adjacency to the Lincoln Regional Airport. The area is known for its scenic landscapes, strong community character, and expanding workforce, all within reach of the Sierra Nevada foothills and renowned recreational amenities. South Placer is home to a thriving mix of industries including advanced manufacturing, logistics, healthcare, and clean energy, with a growing innovation economy supported by regional partners like Sierra College, William Jessup University, and Greater Sacramento Economic Council. The City of Lincoln continues to invest in strategic infrastructure and economic development, making it a prime location for businesses seeking to scale in aviation, technology, and clean energy. Land uses directly surrounding the site include the Lincoln Regional Airport, Lincoln Air Park (Light Industrial), City of Lincoln Corporation Yard, and a privately owned undeveloped Industrial parcel. The City of Lincoln welcomes innovative, economically impactful, and thoughtfully developed responses to this RFP that advance the community’s vision for the Lincoln Airport Business Park. Proposals should reflect a strong understanding of market realities, industry needs, and the City’s objective to attract a catalytic project in aviation, technology, or clean energy. The City is seeking development concepts that maximize the strategic value of the site, create long-term job opportunities, and contribute positively to Lincoln’s fiscal and economic future. Submissions must address the components outlined in this RFP in the format specified. Please refer to the Proposal Requirements in Section V for detailed guidance. 15

A. Project Goals and Community Objectives The City of Lincoln’s General Plan designates the Airport Business Park site for light industrial and employment-generating uses, supporting the City’s long-term goal to create a diverse and resilient economy. The site is strategically positioned to accommodate advanced manufacturing, aviation-related development, clean energy innovation, and technology-driven businesses. While the General Plan provides a strong foundation for industrial growth, the City remains open to creative proposals that align with broader community objectives, including job creation, fiscal sustainability, and compatibility with nearby airport operations. All proposed developments will require the preparation of a project-specific plan and environmental review consistent with the California Environmental Quality Act (CEQA). Final project entitlements will be subject to City approval and must conform to applicable zoning and land use policies or identify proposed amendments. B. Land Use and Program Objectives Site Control and Ownership – The full ±84.1-acre Lincoln Airport Business Park site is owned by the City of Lincoln and is being made available for development through this RFP process. The site is located directly adjacent to the Lincoln Regional Airport and consists of two City-owned parcels identified as APNs 021-590-019 and 021-590-020, which are currently undeveloped. Zoning and Allowed Uses – The site is zoned Light Industrial (M1) under the City of Lincoln Zoning Code. This zoning designation allows for a broad range of light manufacturing, warehousing, distribution, fabrication, research and development, assembly, airport-related activities, and clean energy operations. Uses may include, but are not limited to, aviation support services, battery manufacturing, component testing, and other technology-forward industrial operations. Proposals that involve public-private partnerships or uses that advance Lincoln’s target industry clusters will be viewed favorably. Any proposed amendments to the zoning designation must be clearly identified in the proposal. Infrastructure and Development Fees – Utilities including water, sewer, and electricity are located near the site, but developers may be responsible for extending infrastructure to support full buildout. Development Impact Fees (DIFs), utility connection fees, and other City-mandated charges will apply based on the nature and intensity of the proposed project. Current DIF schedules can be found on the City’s website or obtained from the Community Development Department. Prevailing Wage Requirements – All construction and site development activities on the Lincoln Airport Business Park property are subject to California prevailing wage laws per California Labor Code Sections 1720–1815. Developers will be required to comply with all applicable labor regulations and may be asked to submit certified payroll documentation during construction. 16

C. Development Objectives Development Entity – The City of Lincoln is seeking a qualified master developer or development team to undertake the planning, entitlement, infrastructure, and development of the ±84.1-acre Lincoln Airport Business Park. The City encourages responses from developers with experience in public-private partnerships and the capacity to deliver large-scale light industrial or technology-based campuses. While the City retains ownership of the land, it is open to entering into a long-term ground lease or structured development agreement based on the strength and viability of the proposal. Preference will be given to a single master developer willing to commit to the implementation of at least the first phase of the proposed project. Phasing, Sequencing, and Timing – The City desires the site to be activated as soon as feasible and will favor proposals with clear, realistic phasing strategies and construction timelines. Proposals should outline initial activation strategies, estimated job creation, and investment benchmarks to demonstrate near-term project momentum. Consideration will be given to projects that show flexibility in adapting to market shifts while maintaining momentum toward full buildout. Ultimate Project Build-Out – The ultimate objective is that the site be developed in full, in alignment with an approved Disposition and Development Agreement (DDA). The DDA will include performance benchmarks, milestone obligations, and compliance with the California Environmental Quality Act (CEQA). The City expects the selected developer to assume responsibility for meeting all applicable environmental requirements, mitigation measures, and long-term obligations outlined in the negotiated DDA. D. Financial Objectives Economic Value Over Land Proceeds – The City of Lincoln’s primary financial objective for the Lincoln Airport Business Park is not to maximize revenue from land sale or lease, but rather to support a catalytic development that brings long-term economic value to the community. This includes the creation of high-paying jobs, the attraction of targeted industries such as aviation, clean energy, and advanced manufacturing, and the generation of sustainable sales and property tax revenue that enhances the City’s fiscal position over time. Cost Recovery and Developer Contributions – While profit from land is not the City’s focus, it is City policy to ensure full cost recovery for all expenses related to the development process. This includes staff time, legal and consultant services, environmental review, and infrastructure coordination from the release of this RFP through the execution of a Disposition and Development Agreement (DDA). The selected developer will be required to submit a negotiated processing deposit at the start of the Exclusive Negotiation Agreement (ENA) period to fund these activities. Fair and Transparent Agreements – The City is committed to fair, transparent partnerships that protect public resources. While public-private partnership structures are welcome, the City will 17

not consider arrangements that impose unreasonable risk on the City or defer key obligations without clear performance benchmarks. Proposals should outline lease terms, infrastructure investment, or other contributions that demonstrate the developer’s commitment to project delivery and economic impact. Developer Financial Capacity – Proposers must demonstrate the financial capacity and stability to fully fund the proposed development, including infrastructure improvements. The selected team will be responsible for advancing necessary capital and managing project delivery risks while partnering with the City to achieve shared long-term economic goals. I