WEBVTT 1 00:00:00.000 --> 00:00:03.838 So, we'll wait, right? 2 00:00:03.838 --> 00:00:08.519 Oh, is that the celebration? That's. 3 00:00:08.519 --> 00:00:12.509 Ah, I'm with you, Paul. 4 00:00:12.509 --> 00:00:15.718 Everyone. 5 00:00:15.718 --> 00:00:25.050 So so, then, do we all get a tax for spite till May 15th? Do we pay taxes but file in May or we or everything's doing may. 6 00:00:25.050 --> 00:00:31.440 I'm not recognizing that new role, so I think so. Sorry. 7 00:00:31.440 --> 00:00:40.409 There's really no need for it. Everybody's sitting home. Why would your you not have time to get your taxes ready? You know. 8 00:00:40.409 --> 00:00:43.409 Okay. 9 00:00:43.409 --> 00:00:51.929 Here we go, Brian is in another meeting, but he'll be coming up soon. I have Jack medical in my office though. 10 00:00:51.929 --> 00:00:56.369 Okay. Oh, good. So we, we should have a quorum. 11 00:00:56.369 --> 00:01:00.689 That's 5, I think. 12 00:01:02.759 --> 00:01:06.750 Yeah, 2, 3, 4. 13 00:01:06.750 --> 00:01:12.150 And Dave, yeah, yeah, we got 5. 14 00:01:12.150 --> 00:01:15.329 I got. 15 00:01:15.329 --> 00:01:23.219 Yep, hey, what's called meeting daughter? Can I get a motion to approve the minutes? 16 00:01:23.219 --> 00:01:27.150 Ultimate matrix no 2nd. 17 00:01:27.150 --> 00:01:36.120 Yes, all in favor. I so moved line of credit amendments. Who's going to take that? You, Jack. 18 00:01:36.120 --> 00:01:41.280 Basically, we after reviewing with the bank. 19 00:01:41.280 --> 00:01:48.030 And call, we decided to just push the dates basically out a little further. 20 00:01:48.030 --> 00:01:55.799 The dollar amounts are the same, but we just need it because the, the pushing of the dates we needed to. 21 00:01:55.799 --> 00:02:00.750 Have this resolution to approve so. 22 00:02:00.750 --> 00:02:04.349 That's I mean, pretty much, you know, in a nutshell. 23 00:02:06.534 --> 00:02:19.914 Bob, I thought we had a resolution where we could just handle these things going. Well, we did have when we 1st entered into this agreement, like, 2 or 3 years ago we did have some omnibus language to allow us to amend time to time. 24 00:02:19.944 --> 00:02:32.004 But the bank did not like that although in the intervening change, they did, but for this time, they didn't, they got pretty specific with the changes in this rise, which are all to know what it in the resolution. 25 00:02:32.004 --> 00:02:40.645 So, this resolution's been already approved by bank council. And I think we're ready to close as soon as tomorrow, assuming the board approves of this. 26 00:02:41.219 --> 00:02:44.280 Okay all right yeah. Tomorrow we'll. 27 00:02:44.280 --> 00:02:49.530 Okay will approve the resolution tomorrow I'll go around and get some signatures on the. 28 00:02:49.530 --> 00:02:53.189 On the resolution from the secretary who is our. 29 00:02:53.189 --> 00:03:00.030 Bro, Doc, and then I get to sign the loan documents and then I can cut checks and. 30 00:03:00.030 --> 00:03:12.389 The, my to be paid folder will now be empty and I'm sure that Lisa will be happy to hear about that. Mostly Paul but yes, Bob, you're comfortable with the changes. 31 00:03:12.389 --> 00:03:17.879 Yes, and melanie's reviewed the bank fax already so we're in good shape. 32 00:03:17.879 --> 00:03:22.620 Okay, yep, thank you to Bob and not Melanie for all their time on it. 33 00:03:22.620 --> 00:03:32.159 All right, so does anybody have any questions if not going to get a motion to approve the amendments to our resolution? 34 00:03:32.159 --> 00:03:37.139 I can by Jack. 35 00:03:37.139 --> 00:03:42.389 Okay, all in favor so my. 36 00:03:42.835 --> 00:03:57.264 Committee updates canal Corp that's our most primary update. We're moving everything else along. Nothing really to report on any of the other aspects but Melanie did. 37 00:03:59.245 --> 00:04:07.405 Reach out to Peter Casper and heard back and so we wanted to there's some questions based on his response Melanie. 38 00:04:08.724 --> 00:04:17.904 So so canal Corp is willing to pay 2000 dollars a month beginning on December 1st, and paying that for December, January and February. 39 00:04:17.904 --> 00:04:24.834 And then they would be out by the end of March they don't want to pay any kind of penalty fee or penalty rent. 40 00:04:24.834 --> 00:04:33.925 So, they, they didn't, he didn't think it was reasonable to ask for the 500 dollar a day payment to kind of incentivize them to leave. 41 00:04:33.925 --> 00:04:45.024 I did hear back from him today when I asked him, how we would guarantee that they would vacate the site. And, basically, he said that he would be willing to put statements within the occupancy permit. 42 00:04:45.024 --> 00:04:56.514 Basically saying that canal Corp has no right to remain on the property after March. 1st, so we'd have a buffer. Would allow us to spend some time. I guess. Getting them out. But he was pretty. 43 00:04:57.389 --> 00:05:03.778 Adamant that they would be out and that the permit would not be able to be extended beyond March. 1st. 44 00:05:04.889 --> 00:05:08.759 And if they didn't leave on March, 1st, would we. 45 00:05:09.684 --> 00:05:23.363 Just charge your rent again for the month of March. Well, I mean, we could build that in, but what he's saying is they will be out and we're not really showing the, we don't have any plan right now to charge an increase. 46 00:05:23.843 --> 00:05:34.553 So, we may want to consider raising the rent maybe not 500 dollars a day, but maybe 3 or 4,000 I can try to float that by him and see if they would consider that as an option. 47 00:05:34.553 --> 00:05:39.894 So, I don't know what the board thinks about that, but I think it's still good to maybe have something in there. 48 00:05:41.158 --> 00:05:47.158 My thought this is Jacqueline medical. My thought is if they don't like to have 500 dollars a day. 49 00:05:47.158 --> 00:05:50.218 That's the reason we leave it in there and it gives them a. 50 00:05:50.218 --> 00:05:53.968 More of a a reason to be added everybody March 1st. 51 00:05:53.968 --> 00:05:57.838 I I don't think we should back off on that and. 52 00:05:57.838 --> 00:06:04.649 We've given them enough time and isn't like, we haven't given them enough time. So I would stay on that. And I went back down on that. 53 00:06:04.649 --> 00:06:09.928 Yeah, they might not like it, but we don't like them. Stay in there either. 54 00:06:09.928 --> 00:06:22.108 So, what he's suggesting, and he is, this is their counsel that they would be out by March. 1st and and basically he's telling me that they wouldn't agree to that because it sounds like a penalty. 55 00:06:22.108 --> 00:06:28.139 Um, I don't know what we, I don't know what kind of leverage we have to force that lucrative. 56 00:06:28.139 --> 00:06:41.129 Yes, that's what we're calling. We're not calling it, but that, but yeah, that's what he wants, but hold over whatever you want to call it, but you gotta be either. You're going to say that I'm only 1 member here, but. 57 00:06:41.129 --> 00:06:45.689 I certainly think that we need to stay strong and they are, they're going to milk us to the. 58 00:06:45.689 --> 00:06:51.959 So, the cows come home. I agree. I agree with Council mental Monica. 59 00:06:51.959 --> 00:06:56.009 I mean, if they're guaranteeing, they'd be out by March. 1st why wouldn't they sign anything? 60 00:06:56.009 --> 00:06:59.548 Do you think they would go and. 61 00:06:59.548 --> 00:07:06.418 Charging them the 2000 dollars a month for as many months as they are going to be there but if they're past the day. 62 00:07:06.418 --> 00:07:13.829 Instead of maybe 500 bucks a day, which is a lot. Can we go 5 or 500 a week? 63 00:07:13.829 --> 00:07:23.908 That was too, I mean, maybe maybe you're gonna charge them the 2. yeah. And then charge them. 64 00:07:23.908 --> 00:07:31.918 You know, you're going to then charge them 500 bucks a week. I understand the 2, but it's going to be. So, then it's going to be 2500 after the 1st week. 65 00:07:31.918 --> 00:07:35.848 And then 3,507,000. 66 00:07:35.848 --> 00:07:42.358 So then you're double tap print here's the 500 dollars. It. 67 00:07:42.358 --> 00:07:46.559 And just press their nose in it and make a move Barbara. 68 00:07:46.559 --> 00:08:01.553 Has joined the meeting so here, here's the thought just thinking out loud with you guys have a good conversation here too. Does you know the fact that we're right we put the 500 dollars as to let them know we're serious. Please get out. 69 00:08:01.553 --> 00:08:05.723 And if you don't, it's gonna hurt. They don't like that. And there's a, that we're out, we're out, we're out. 70 00:08:06.569 --> 00:08:15.629 If we continue to try and negotiate to let them stay to the point where it's less painful. Sorry that's my dog. They'll, they'll want to stay. 71 00:08:17.274 --> 00:08:23.303 So, what, if we just kept silent on that provision say, okay, you're out on March. 72 00:08:23.303 --> 00:08:36.264 1st, and then let's work, like, heck, to really say why you have to be out like, if we do have a tenant coming in there or if he's like, if we really can say, you gotta be out guys we have we have a developer coming in here. You have no wiggle room. You're out. 73 00:08:38.063 --> 00:08:51.474 We would be really in a position of strengths then, versus trying to come up with some number that doesn't really hurt them, but we can never really get them out. And if we don't have any tenant, we can negotiate the 2000 bucks again or 4,000 bucks. I mean, I don't know, I just. 74 00:08:52.438 --> 00:08:57.058 Trying to think of, I think Jack brought up before that. If we didn't really need him out. 75 00:08:57.058 --> 00:09:08.999 You know, why make an enemy now? Look, I can argue those it's annoying that they're constantly there and we can never shake them and we can never represent that. We truly have 100% interest in the property, but. 76 00:09:09.264 --> 00:09:23.693 Those are my I apologize for the dog. I guess I got a letter in part of the other reason part of why we did the 500 dollars a day. Just as a reminder. I mean, I like Jack's idea that you could do maybe 500 dollars a week. 77 00:09:23.693 --> 00:09:36.354 On top of the 2000 was that we were hoping that Peter would take that back to whomever on his side and be, like, look, you know, we really have to be out or this is gonna it gave him some. 78 00:09:38.033 --> 00:09:49.703 I guess some, you know, I'm not negotiating, but at least gave him some ability to tell the people at canal Corp. look, we really got to be out because this is going to be in there. 79 00:09:49.764 --> 00:09:53.063 And so we're trying to kind of help him a little bit. 80 00:09:54.058 --> 00:10:08.849 Yep, Lisa I, I think that he did take it that way and I think that's why his offer was that he would have it very explicitly stated that they have. No right and no permission to be on site after March. 1st I think. 81 00:10:08.849 --> 00:10:15.089 What his offer is, we'll put it in the agreement that it can't be extended and they have no right to be there after March. 1st. 82 00:10:15.089 --> 00:10:19.649 So, it would be 3 months. What do we do if they're still there? 83 00:10:19.649 --> 00:10:27.568 Well, that's it. I, I did go back to him and he didn't really give me an answer. So. 84 00:10:27.568 --> 00:10:34.649 So, what do you give you an answer if we said to him, what the board is saying? No, they want the 500 dollar a day penalty. 85 00:10:34.649 --> 00:10:41.399 Offered us any alternatives and force their hand to come back with alternative. 86 00:10:42.418 --> 00:10:46.048 Not only what do you think. 87 00:10:46.048 --> 00:10:56.068 Yeah, I mean, I, I had talked to Bob about this earlier and we were just saying, we didn't want we didn't want to come back with an alternative. We wanted canal Corp to give us. 88 00:10:56.068 --> 00:11:01.349 An idea of what was reasonable, because they felt 500 dollars a day was not reasonable. 89 00:11:01.349 --> 00:11:13.708 Right. So I think we think it's reasonable to let them tell us we're not saying, yeah, you could trust us. We're going to be out, you know, how many times we heard that, so to make it reasonable those day. 90 00:11:14.938 --> 00:11:19.288 Exactly, right oh. 91 00:11:19.288 --> 00:11:23.278 You know, I think we hold on. 92 00:11:24.359 --> 00:11:28.769 Military talk. 93 00:11:28.769 --> 00:11:32.399 Brian again any thoughts. 94 00:11:37.078 --> 00:11:40.649 brian's on on the call right now here. 95 00:11:40.649 --> 00:11:45.028 Why do you have any thoughts on this? 96 00:11:45.028 --> 00:11:50.969 I think then, um, we should whoever said the military term, let's hold the line. I agree with that. 97 00:11:50.969 --> 00:11:54.089 Yep, Dave, what do you think. 98 00:11:54.089 --> 00:11:57.629 It was medical. 99 00:11:57.629 --> 00:12:02.639 I got a promotion in the last 15 minutes. 100 00:12:02.639 --> 00:12:07.499 I was I started turn on the army. Okay. 101 00:12:07.499 --> 00:12:10.859 Hey, have you got any thoughts. 102 00:12:10.859 --> 00:12:16.168 Um, my only concern is that the, um. 103 00:12:16.168 --> 00:12:21.719 Not out in time and that we, and they leave behind some. 104 00:12:21.719 --> 00:12:28.139 Orange heavy equipment that would cost the money to move. 105 00:12:28.139 --> 00:12:31.918 If they just decide to leave it behind, I want to make sure. 106 00:12:31.918 --> 00:12:46.014 And I'm not sure what and what they are taking 1 of the committed to take out of there. But I think maybe a Jack's idea of 500 dollars a week is maybe offer that up is not a bad idea. 107 00:12:49.649 --> 00:12:55.229 All right, I'd rather hold the line at the 500 dollars a day. 108 00:12:55.229 --> 00:12:59.908 Go Mary. 109 00:13:03.958 --> 00:13:11.458 Can you hear me? I said, I've been, I think, you know. 110 00:13:11.458 --> 00:13:15.538 All the lines absolutely. 111 00:13:15.538 --> 00:13:19.649 So, let's go back to them and say we're the board agreed to. 112 00:13:19.649 --> 00:13:28.318 They want to hold the line and in your own way, get him to come back with some kind of offer that maybe it would be acceptable. 113 00:13:28.318 --> 00:13:33.298 Okay, I will do that. Okay, great. 114 00:13:33.298 --> 00:13:42.479 Yeah, so we're progressing on a Melanie and Bob and Paul, and I are working on the subdivision. 115 00:13:42.479 --> 00:13:54.538 Documents for to create new parcel, if you will and Bob, I started on the application so we're going to work with Bob and melon and get that done. 116 00:13:54.538 --> 00:13:59.849 So, Brian, That'll be coming your way soon. Probably by the end of this week. 117 00:13:59.849 --> 00:14:14.308 And nothing more, I'm grid to report nothing more on junk chemical the report from last meeting. We are Paul. I don't know if you wanted to tee up anything on as. 118 00:14:14.308 --> 00:14:18.688 And what we'll be talking about next month, or do you just want to talk about that next month? 119 00:14:18.688 --> 00:14:24.149 Lisa, I'm sorry, it's now I do have a very quick update on grid. 120 00:14:24.149 --> 00:14:28.798 Okay, only because I had reached out to Ben wise all. 121 00:14:28.798 --> 00:14:31.918 Last month, and then again this month and he. 122 00:14:32.214 --> 00:14:44.183 Day just about where they are with conveying the property or selling the property and he basically said that they're actively completing their due diligence process will take a few months to complete it. 123 00:14:44.274 --> 00:14:52.073 It requires gathering input from different teams within the company. And he's telling me that they'll reach back out with more information once they confirm. 124 00:14:52.379 --> 00:14:58.198 That that process is complete, but he also invited me to check back in with him periodically for updates. 125 00:14:58.198 --> 00:15:06.149 So, it's not really much information other than telling us it's gonna it's going to be some time before they've got information for us. 126 00:15:06.149 --> 00:15:10.948 Right. Okay. 127 00:15:11.214 --> 00:15:16.793 Good, we should also talk to Ben, because ben's been involved with that substation, moving the segmentation. 128 00:15:18.264 --> 00:15:26.303 So, we should maybe circle back with him, and we could set up a call and maybe like a week and see if we get more information than the basic information from him. 129 00:15:28.163 --> 00:15:42.384 Yeah, I can add to that Tom culture here. Um, I spoke with, uh, the project manager for the substation relocation project and, um, I asked that, um. 130 00:15:42.989 --> 00:15:52.708 Yeah, I mean, we've got some, we've got site plans and, you know, some things on paper and what we'd like to do. What I asked. 131 00:15:52.708 --> 00:15:59.759 Uh, Trish Willis to put together is something that we can maybe do a quick presentation. 132 00:15:59.759 --> 00:16:06.839 To the to the board to give everybody an idea of what we're doing and, um. 133 00:16:06.839 --> 00:16:12.298 Where we're going to have our facilities located, so I think that'd be beneficial. 134 00:16:14.068 --> 00:16:20.729 Okay, that's great. If you want to do kind of a Pre meeting with Paul, and I, we'd be willing to do that as well. 135 00:16:20.729 --> 00:16:26.668 Um, you know, sort of the site designer, so we can just take a look at it from the perspective of. 136 00:16:26.668 --> 00:16:30.869 The master plan that we have yeah. 137 00:16:30.869 --> 00:16:35.999 Yeah, we're going to have another meeting and, uh. 138 00:16:35.999 --> 00:16:39.479 We'll put a proposal together for. 139 00:16:39.479 --> 00:16:46.859 You know, for a presentation and we'll give you and Paul a 1st glance at it. 140 00:16:46.859 --> 00:16:50.158 Okay, perfect. That's great. Thank you. 141 00:16:50.158 --> 00:16:56.999 Great Paul and others that you want to share. 142 00:16:56.999 --> 00:17:05.459 Well, really, not much. It's going to come back out in a few odds and ends that they have to finish. 143 00:17:05.459 --> 00:17:10.588 When they get back out there, not a whole lot. I mean, they really finished a. 144 00:17:10.588 --> 00:17:17.068 The project very well, it just a couple of things, and they need to come back and. 145 00:17:17.068 --> 00:17:20.939 You know, make complete and so. 146 00:17:20.939 --> 00:17:25.288 Really really everything that the project went very well and it's just. 147 00:17:26.578 --> 00:17:32.159 You know, just a couple of things you need to finish up and we'll be able to close it out in the. 148 00:17:32.159 --> 00:17:36.269 And 2 in a couple of months. Okay. 149 00:17:38.848 --> 00:17:45.778 While we're on the words of area, Paul, did we ever get any resolve on the. 150 00:17:45.778 --> 00:17:51.929 On the disturbed pavers and all that from the home to. 151 00:17:51.929 --> 00:17:55.169 Construction did we ever address that with them? 152 00:17:55.169 --> 00:17:58.888 Yeah. 153 00:17:58.888 --> 00:18:10.169 To fix all that they're gonna fix it Jack and we'll get a price for that. How much it costs to do that and then we can have that discussion with visions. 154 00:18:10.169 --> 00:18:17.878 Okay, just curious. I mean, it's, they're done in the site is kind of clear of any truck, so I just try to wrap that up. 155 00:18:17.878 --> 00:18:21.328 Right and Alison Brian has joined us. 156 00:18:21.328 --> 00:18:25.378 And now my office here. 157 00:18:27.538 --> 00:18:34.648 Anybody else Lisa? No, I'm just a short update for this month. 158 00:18:34.648 --> 00:18:37.979 Um, we'll have more to report in April. 159 00:18:37.979 --> 00:18:42.808 Right. Does anybody have any all the new business they'd like to discuss. 160 00:18:44.909 --> 00:18:48.538 That can I get a motion to adjourn? 161 00:18:48.538 --> 00:18:52.288 Ultimate Matrix. 162 00:18:52.288 --> 00:18:55.828 Mary, all in favor. 163 00:18:55.828 --> 00:19:05.009 Alright, so thanks everybody. Thanks. Bye. Bye. Bye.