WEBVTT 1 "jspaeth@cityofutica.com" (445732864) 00:00:00.000 --> 00:00:13.019 Nice to meet you, Michael or Brian my back. Are you sorry? I think. 2 "jspaeth@cityofutica.com" (445732864) 00:00:13.019 --> 00:00:21.780 We are recording right now. All right. 3 "jspaeth@cityofutica.com" (445732864) 00:00:21.780 --> 00:00:26.310 So, where we got all your projects here and. 4 "jspaeth@cityofutica.com" (445732864) 00:00:26.310 --> 00:00:33.240 We just kind of wanted to bring in see where we are on everything and what the time frames are. I know that. 5 "jspaeth@cityofutica.com" (445732864) 00:00:33.240 --> 00:00:42.510 They started, and the finished dates were 4 years ago. So obviously we're down the road a little bit and just wanted you to kind of update us. 6 "jspaeth@cityofutica.com" (445732864) 00:00:42.510 --> 00:00:50.760 What do we have 1233 projects before us? 3 there and then there's other ones that they're working on. So okay. 7 "jspaeth@cityofutica.com" (445732864) 00:00:50.760 --> 00:00:54.930 Yeah, well we did is, I guess if you don't mind yeah. 8 "jspaeth@cityofutica.com" (445732864) 00:00:54.930 --> 00:01:00.780 I know some of us in the room. No, no. Less than some Donald. So. 9 "jspaeth@cityofutica.com" (445732864) 00:01:00.780 --> 00:01:14.335 Here's what we do. It's a little intro presentation, and we can kind of just guide through, you know, briefly, as far as current beautiful projects, and, you know, other projects we're working on as well. 10 "jspaeth@cityofutica.com" (445732864) 00:01:17.545 --> 00:01:17.935 Okay. 11 "jspaeth@cityofutica.com" (445732864) 00:01:18.300 --> 00:01:25.470 So, yeah, we had no problem. Thanks time. No problem going through the specifics, but there are a few projects in here. 12 "jspaeth@cityofutica.com" (445732864) 00:01:25.470 --> 00:01:30.120 By way of example, to show you what you can expect, you know, we. 13 "jspaeth@cityofutica.com" (445732864) 00:01:30.120 --> 00:01:33.810 Done a project in canastota that was a total, you know. 14 "jspaeth@cityofutica.com" (445732864) 00:01:33.810 --> 00:01:38.790 For an hour project, and, uh, it it's in here, I think the 1st, 1. 15 "jspaeth@cityofutica.com" (445732864) 00:01:38.790 --> 00:01:52.290 If you look that was contaminated site as well as completely bacon had been manufacturing for a long time since 1008 hundred's actually goes back to wagon wheels or made on site. And, uh. 16 "jspaeth@cityofutica.com" (445732864) 00:01:52.290 --> 00:01:55.470 You know, there's a before and after picture that. 17 "jspaeth@cityofutica.com" (445732864) 00:01:55.470 --> 00:01:59.910 Pretty much tells the story you don't need much more than that to see that. 18 "jspaeth@cityofutica.com" (445732864) 00:02:00.355 --> 00:02:15.265 We're going to take the project from a condition, like the security building. It's the next 1, which was scheduled for demolition. That was supposed to come down in 2014, I think, is what it was and the last day office building. Now legally society is in there. 19 "jspaeth@cityofutica.com" (445732864) 00:02:15.265 --> 00:02:22.165 It's about 40 attorneys going to work for that building. We included a copy of the photocopy that. the photocopy that 20 "jspaeth@cityofutica.com" (445732864) 00:02:22.560 --> 00:02:34.320 So, um, the other 1 on bleaker street, that's coming out of the ground right now. We've got the steel coming the fields, the fabricators back on site. 21 "jspaeth@cityofutica.com" (445732864) 00:02:34.705 --> 00:02:44.275 Buttoning that, up before, before Christmas before winter, so we can get the interior work on it. We're very close with a tenant who is going to take the entire building so that's on its way. 22 "jspaeth@cityofutica.com" (445732864) 00:02:44.845 --> 00:02:54.115 Yeah, I think just to kind of jump off that as well the 1st, 1, we did, you know, the canastota project I mean, that was something we built on spec. 23 "jspaeth@cityofutica.com" (445732864) 00:02:54.420 --> 00:02:58.680 You know, Here's this old, contaminated, property, blighted property. 24 "jspaeth@cityofutica.com" (445732864) 00:02:58.680 --> 00:03:03.060 Nobody has touched this thing, you know, we were able to use, you know, and. 25 "jspaeth@cityofutica.com" (445732864) 00:03:03.060 --> 00:03:10.380 Uh, restore in New York brand, you know, and that's why this 1800 bleaker project is very similar to that capacity. 26 "jspaeth@cityofutica.com" (445732864) 00:03:10.380 --> 00:03:19.110 Here's the site without, you know, the state's investment through a store. We wouldn't have been able to run all the costs for the abatement demolition. 27 "jspaeth@cityofutica.com" (445732864) 00:03:19.110 --> 00:03:25.140 You know, so the exciting part is, um, we already have a proposal signed for this site. 28 "jspaeth@cityofutica.com" (445732864) 00:03:25.140 --> 00:03:28.260 The lease agreement has gone out. 29 "jspaeth@cityofutica.com" (445732864) 00:03:28.260 --> 00:03:36.090 We're just basically waiting on that to be returned so their legal counsel for reviewing it and then we'll have a big announcement as far as who's coming in that property. 30 "jspaeth@cityofutica.com" (445732864) 00:03:36.090 --> 00:03:39.690 So, single 7,790,000. 31 "jspaeth@cityofutica.com" (445732864) 00:03:39.690 --> 00:03:43.800 Yeah, that's taking a little bit more time than we want, but. 32 "jspaeth@cityofutica.com" (445732864) 00:03:43.800 --> 00:03:48.840 They have very exacting specifications on the floor to give you an example. 33 "jspaeth@cityofutica.com" (445732864) 00:03:48.840 --> 00:03:57.120 Floor has to be so level, it can have no more than an 8th of an inch variation for 1 side to be another. 34 "jspaeth@cityofutica.com" (445732864) 00:03:57.120 --> 00:04:04.710 In pitch, that's how specific that that floor as the day. So. 35 "jspaeth@cityofutica.com" (445732864) 00:04:04.710 --> 00:04:10.080 We want them to pay for this anyway, anticipate that I'll. 36 "jspaeth@cityofutica.com" (445732864) 00:04:10.080 --> 00:04:16.710 Being signed off and the construction and starting. I know construction's ongoing right now. 37 "jspaeth@cityofutica.com" (445732864) 00:04:16.710 --> 00:04:19.950 I mean, their specific stuff, um. 38 "jspaeth@cityofutica.com" (445732864) 00:04:19.950 --> 00:04:25.590 It took them a little bit of time to sign the letter of intent that we had out with terms and conditions. 39 "jspaeth@cityofutica.com" (445732864) 00:04:25.590 --> 00:04:29.819 They have an international ownership from China to Sweden. 40 "jspaeth@cityofutica.com" (445732864) 00:04:29.819 --> 00:04:33.179 So, it definitely slows things down having that kind of. 41 "jspaeth@cityofutica.com" (445732864) 00:04:33.179 --> 00:04:47.969 You know, involvement you want to guess I, I would say probably, we'll have like, everything closed probably by January. 1st and then hopefully they're in the building. No later than March. 1st. 42 "jspaeth@cityofutica.com" (445732864) 00:04:47.969 --> 00:04:52.469 Because there is some, we have done improvements we have to do from them as well. 43 "jspaeth@cityofutica.com" (445732864) 00:04:52.469 --> 00:04:56.489 So the original goal and. 44 "jspaeth@cityofutica.com" (445732864) 00:04:56.489 --> 00:04:59.789 Foster project what's what's changed in the last. 45 "jspaeth@cityofutica.com" (445732864) 00:04:59.789 --> 00:05:10.109 So, from the time of the original idea application that we submitted, um, the cost of materials is just absolutely skyrocketed. 46 "jspaeth@cityofutica.com" (445732864) 00:05:10.109 --> 00:05:21.779 I don't think that's a surprise to anybody here in the room. So total project costs. I think initially in the application we had at 4.8Million are probably going to push closer to 7 and a half. 47 "jspaeth@cityofutica.com" (445732864) 00:05:21.779 --> 00:05:26.459 That we're done 1 of the other unfortunate. 48 "jspaeth@cityofutica.com" (445732864) 00:05:26.459 --> 00:05:31.829 Big things we've all had to experience based on the pandemic with lead times. I mean. 49 "jspaeth@cityofutica.com" (445732864) 00:05:31.829 --> 00:05:37.619 Prior to it, we would order an HVAC system meaning and cooling. 50 "jspaeth@cityofutica.com" (445732864) 00:05:37.619 --> 00:05:44.609 8 weeks we'll take about 68 weeks to get, which is rooftop unit ordered and delivered. 51 "jspaeth@cityofutica.com" (445732864) 00:05:44.609 --> 00:05:50.069 10 months is what it's taking now, just to get the same type of unit built. 52 "jspaeth@cityofutica.com" (445732864) 00:05:50.069 --> 00:05:56.519 And the cost is crazy. So, um, the other thing that definitely slows us down here. 53 "jspaeth@cityofutica.com" (445732864) 00:05:56.519 --> 00:06:03.209 The hospital, and we'll see project pretty much absorb the vast majority of skilled labor. 54 "jspaeth@cityofutica.com" (445732864) 00:06:03.209 --> 00:06:11.819 In the trades we had, uh, building the, the next 1 we were looking at the new century. Fincher is 1 of the projects you guys want to know about. 55 "jspaeth@cityofutica.com" (445732864) 00:06:11.819 --> 00:06:18.239 We put out an hour, a request for pricing on the exterior painting in May. 56 "jspaeth@cityofutica.com" (445732864) 00:06:18.239 --> 00:06:21.749 12 companies received a letter 1 showed up. 57 "jspaeth@cityofutica.com" (445732864) 00:06:21.749 --> 00:06:28.049 And where we were expecting the price to be somewhere in the area of about 20 to 25,000 paint the outside. 58 "jspaeth@cityofutica.com" (445732864) 00:06:28.049 --> 00:06:31.889 47,500 is what they quoted. 59 "jspaeth@cityofutica.com" (445732864) 00:06:31.889 --> 00:06:35.429 And we would have had to do all the prep work and provide the link. 60 "jspaeth@cityofutica.com" (445732864) 00:06:35.429 --> 00:06:42.359 So, it was just it was a ridiculous price and we're like, now we're going to have to wait until after the school. 61 "jspaeth@cityofutica.com" (445732864) 00:06:42.359 --> 00:06:48.779 Uh, season is over, cause schools get their work done in the summertime as well and, you know. 62 "jspaeth@cityofutica.com" (445732864) 00:06:49.794 --> 00:07:01.224 It's not a huge market and when you have 2 major projects going at the same time, it gets the supply and demand issue on labor. But good news is we've had 3 companies out there. We have awarded the work. 63 "jspaeth@cityofutica.com" (445732864) 00:07:01.224 --> 00:07:08.364 It didn't come in less than 25, and that we should be starting on that. That will retain it before winter. So that's underway too. too 64 "jspaeth@cityofutica.com" (445732864) 00:07:08.819 --> 00:07:12.989 All right now 1 of the other things we want to say to everybody here. 65 "jspaeth@cityofutica.com" (445732864) 00:07:12.989 --> 00:07:18.029 Any time anybody would like a tour with any of these properties to see the progress that we've got. 66 "jspaeth@cityofutica.com" (445732864) 00:07:18.029 --> 00:07:26.309 By all means, just let us know more than happy to take you guys through you can see the progress interior of this building the new century. It has been. 67 "jspaeth@cityofutica.com" (445732864) 00:07:26.309 --> 00:07:36.479 Substantially refreshed. There was a lot of structure structural work around the stage that we didn't anticipate that slowed down the finishing of that project, but that's been done. 68 "jspaeth@cityofutica.com" (445732864) 00:07:36.479 --> 00:07:40.769 Wars have been removed foundations, have been supported with the. 69 "jspaeth@cityofutica.com" (445732864) 00:07:40.769 --> 00:07:45.659 Additional shoring up in the basement from the basement, so. 70 "jspaeth@cityofutica.com" (445732864) 00:07:45.659 --> 00:07:50.129 That project's coming on pretty nicely for that. 71 "jspaeth@cityofutica.com" (445732864) 00:07:50.129 --> 00:07:53.909 It'll be done by March. Yeah, that would be done by March. Yeah. Tell them. 72 "jspaeth@cityofutica.com" (445732864) 00:07:53.909 --> 00:08:07.649 Oh, I'm sorry, could you say tenant or times had it? We don't have a tenant, but we do have an insurance company, and a cybersecurity company that have looked at different elements of a building. Like it love it. And we do not yet have. 73 "jspaeth@cityofutica.com" (445732864) 00:08:07.649 --> 00:08:11.879 Signed sealed delivered, you know, of anybody wants to know more than happy. 74 "jspaeth@cityofutica.com" (445732864) 00:08:11.879 --> 00:08:18.959 Same questions, bleaker street so your 5 years incidents so the cost is. 75 "jspaeth@cityofutica.com" (445732864) 00:08:18.959 --> 00:08:23.789 No idea what it is versus what it was in 17. 76 "jspaeth@cityofutica.com" (445732864) 00:08:23.789 --> 00:08:27.839 You know, so how do you cover the gap on registry and covered. 77 "jspaeth@cityofutica.com" (445732864) 00:08:27.839 --> 00:08:36.869 Hey, Shannon CI, street and they kind of tie in 11 and another. So part of the reason for the delay on both new century club and. 78 "jspaeth@cityofutica.com" (445732864) 00:08:36.869 --> 00:08:42.119 You have the next project have block is everybody refers to across the street. 79 "jspaeth@cityofutica.com" (445732864) 00:08:42.119 --> 00:08:45.959 You know, had to do also, just before it open. 80 "jspaeth@cityofutica.com" (445732864) 00:08:45.959 --> 00:08:51.149 You know, obviously, city vehicle was fortunate enough to be the recipient. 81 "jspaeth@cityofutica.com" (445732864) 00:08:51.149 --> 00:08:57.869 To the largest project awards in that were ours, you know, at the camp block in new century club. 82 "jspaeth@cityofutica.com" (445732864) 00:08:59.009 --> 00:09:02.669 Both projects had construction underway. 83 "jspaeth@cityofutica.com" (445732864) 00:09:02.669 --> 00:09:06.299 We're working on building basically, we were told. 84 "jspaeth@cityofutica.com" (445732864) 00:09:06.299 --> 00:09:09.719 By Empire State development. 85 "jspaeth@cityofutica.com" (445732864) 00:09:09.719 --> 00:09:16.529 Stop, you know, cause otherwise what happens is all the costs incurred prior to the actual contract are not eligible. 86 "jspaeth@cityofutica.com" (445732864) 00:09:16.529 --> 00:09:25.859 So, we looked at the economics of it. Obviously it sounds for us to stop. We stopped obviously nobody anticipated a pandemic happening. 87 "jspaeth@cityofutica.com" (445732864) 00:09:25.859 --> 00:09:35.579 But then, basically, that whole process has stalled by a year behind that. We didn't even get our contracts on those for another 6 months after that. So. 88 "jspaeth@cityofutica.com" (445732864) 00:09:35.579 --> 00:09:38.849 Unfortunately, you know, we experienced the 18 months of July. 89 "jspaeth@cityofutica.com" (445732864) 00:09:38.849 --> 00:09:42.809 And from when we stopped, when we start back up, so. 90 "jspaeth@cityofutica.com" (445732864) 00:09:42.809 --> 00:09:49.259 Has the project itself changed since you originally proposed for us? Maybe propose that. 91 "jspaeth@cityofutica.com" (445732864) 00:09:49.259 --> 00:09:55.739 So so the new century club is the same. So, gonna be commercial office space. Um. 92 "jspaeth@cityofutica.com" (445732864) 00:09:55.739 --> 00:10:09.179 The exciting part, I mean, there was a lot of interest initially when we 1st started doing work on the building, the commercial office space, that's hold up the largest hit, you know, because so many people are working from home now. 93 "jspaeth@cityofutica.com" (445732864) 00:10:09.179 --> 00:10:19.289 Uh, these 2 opportunities that Mike just mentioned, you know, with the insurance company and cyber. I mean, these are very recent so these are over in the last month. So. 94 "jspaeth@cityofutica.com" (445732864) 00:10:19.289 --> 00:10:30.029 You know, hopefully, is we really start the momentum again the activity on the site will attract more tenants at that time to answer your question, John we, this. 95 "jspaeth@cityofutica.com" (445732864) 00:10:30.029 --> 00:10:36.569 Uh, the new century project isn't experiencing as much escalation as, like, 1800. 96 "jspaeth@cityofutica.com" (445732864) 00:10:37.619 --> 00:10:42.209 Lumber prices now, they actually recently get to a 30 year level. 97 "jspaeth@cityofutica.com" (445732864) 00:10:42.209 --> 00:10:45.419 That building, if you go on the inside as well. 98 "jspaeth@cityofutica.com" (445732864) 00:10:45.419 --> 00:10:53.879 All wood, so, you know, we're actually like our budget for longer actually coming in last. So it's actually offsetting some of the other. 99 "jspaeth@cityofutica.com" (445732864) 00:10:53.879 --> 00:10:57.539 And we don't have as much equipment in that building as well. So. 100 "jspaeth@cityofutica.com" (445732864) 00:10:57.539 --> 00:11:00.719 That 1 budget wise, we're pretty much on par. 101 "jspaeth@cityofutica.com" (445732864) 00:11:02.399 --> 00:11:17.159 5 years later, you're still on budget at some time. Well, we've had, I mean, the nice part obviously the came in, right? So it was 375,000 you know, we weren't expecting so I'll pick up a lot of the, the whole purchase. Well. 102 "jspaeth@cityofutica.com" (445732864) 00:11:17.159 --> 00:11:20.789 So a lot of the stuff we've already ordered. 103 "jspaeth@cityofutica.com" (445732864) 00:11:20.789 --> 00:11:26.819 And then if you went into that building, you'll see stacks of 2 by 602 ways that we already have. 104 "jspaeth@cityofutica.com" (445732864) 00:11:26.819 --> 00:11:34.229 So you've got materials on site plus we have to reuse a lot of this stuff that's there. We have to put it very labor rich. 105 "jspaeth@cityofutica.com" (445732864) 00:11:34.229 --> 00:11:41.819 But those door frames have to go back for Historic Preservation. That's right. Where they came from, you had to categorize everything. 106 "jspaeth@cityofutica.com" (445732864) 00:11:41.819 --> 00:11:51.509 And I'm sorry sorry so they all have to go back, right? Where they originally were located that'd be treated. And, you know. 107 "jspaeth@cityofutica.com" (445732864) 00:11:51.509 --> 00:11:58.229 Then it put back in place when we pay them. So we don't materials. 1 thing is getting the folks to. 108 "jspaeth@cityofutica.com" (445732864) 00:11:58.229 --> 00:12:02.909 Project that together she asked me any timeline. Mm. Hmm. 109 "jspaeth@cityofutica.com" (445732864) 00:12:02.909 --> 00:12:09.029 Question will be done by March. 110 "jspaeth@cityofutica.com" (445732864) 00:12:09.029 --> 00:12:12.419 Present 2 periods, the end of this year. 111 "jspaeth@cityofutica.com" (445732864) 00:12:12.419 --> 00:12:16.619 Well, the sales tax exemption has, uh. 112 "jspaeth@cityofutica.com" (445732864) 00:12:16.619 --> 00:12:21.899 Collapse a long time ago that said it, they're just on the pilot. 113 "jspaeth@cityofutica.com" (445732864) 00:12:21.899 --> 00:12:27.119 Okay. 114 "jspaeth@cityofutica.com" (445732864) 00:12:27.119 --> 00:12:32.339 Um, we could have, we can have 634. 115 "jspaeth@cityofutica.com" (445732864) 00:12:32.339 --> 00:12:35.849 If you actually jumped on here yeah. 116 "jspaeth@cityofutica.com" (445732864) 00:12:35.849 --> 00:12:45.269 All right, well, we're at billing. Yeah. Yeah. So that's ongoing right now to go over. There is probably about 20 workers. 117 "jspaeth@cityofutica.com" (445732864) 00:12:45.269 --> 00:12:48.809 And select demo pulling up the flooring. 118 "jspaeth@cityofutica.com" (445732864) 00:12:50.429 --> 00:12:56.609 Reframing in a bunch of the areas 252, there's 2 buildings there the shorter of the 2 on the left. 119 "jspaeth@cityofutica.com" (445732864) 00:12:56.609 --> 00:13:00.509 We actually have a bank that's interested in taking the center suite. 120 "jspaeth@cityofutica.com" (445732864) 00:13:00.509 --> 00:13:11.159 As well, as all the offices upstairs, we have a meeting with them next Monday to go through these terms. An engineering firm indicate that they want 1 of the other suites and, uh. 121 "jspaeth@cityofutica.com" (445732864) 00:13:11.159 --> 00:13:18.269 High end, fitness center wants to go into 1 of those suites as well. So that building very close to being. 122 "jspaeth@cityofutica.com" (445732864) 00:13:18.269 --> 00:13:22.859 Completed talk to the coffee company cafe. 123 "jspaeth@cityofutica.com" (445732864) 00:13:22.859 --> 00:13:28.199 That is interested in the panda house and the house is moved out there. No longer. 124 "jspaeth@cityofutica.com" (445732864) 00:13:28.199 --> 00:13:37.499 At that section, and in the capital in 38 micro units are what we're building upstairs. So they're, you know. 125 "jspaeth@cityofutica.com" (445732864) 00:13:37.499 --> 00:13:43.199 I am studio apartments, all 1 bedroom, but granite countertops, new, hardwood floors. 126 "jspaeth@cityofutica.com" (445732864) 00:13:43.199 --> 00:13:54.869 Very nice amenities and that's also under construction right now. We're already getting calls for those apartments already. There's no leasing sign on that building and. 127 "jspaeth@cityofutica.com" (445732864) 00:13:54.869 --> 00:13:58.109 Already 252 is almost all and. 128 "jspaeth@cityofutica.com" (445732864) 00:13:58.109 --> 00:14:02.909 I've had I've had showings to a small art gallery. 129 "jspaeth@cityofutica.com" (445732864) 00:14:02.909 --> 00:14:07.409 And the lady who's going to run it the curator had said what's going in upstairs. I said. 130 "jspaeth@cityofutica.com" (445732864) 00:14:07.409 --> 00:14:19.379 This micro apartment units, this is I want 1. I said you don't even know what they look like she says, I don't care. I really don't care. This is a good location. This is where things are going to be and. 131 "jspaeth@cityofutica.com" (445732864) 00:14:19.379 --> 00:14:34.349 So, like Brian said, we're gonna have a very, we will have at least as soon as we put a leasing sign out for people that are familiar with the micro apartments a good friend of mine did the 1st project in Syracuse. 132 "jspaeth@cityofutica.com" (445732864) 00:14:34.349 --> 00:14:42.749 It's actually a concept that's, you know, becoming more and more attractive as far as larger cities in New York City, Boston, et cetera. 133 "jspaeth@cityofutica.com" (445732864) 00:14:42.749 --> 00:14:49.589 He brought this concept of downtown Syracuse. Everybody thought he was crazy, you know, including us. 134 "jspaeth@cityofutica.com" (445732864) 00:14:49.589 --> 00:14:53.849 He actually had 31 of his 33 units. Well, before he opened. 135 "jspaeth@cityofutica.com" (445732864) 00:14:53.849 --> 00:14:57.929 So, I actually had him come out, take a look at the camp building. 136 "jspaeth@cityofutica.com" (445732864) 00:14:57.929 --> 00:15:06.029 He walked through and he said, I'll tell you right now when he goes, I actually have over a year waiting list to get into the. 137 "jspaeth@cityofutica.com" (445732864) 00:15:06.029 --> 00:15:14.789 And he said the number 2 classifications of people that come into, these are traveling nurses are number 1. 138 "jspaeth@cityofutica.com" (445732864) 00:15:14.789 --> 00:15:22.379 And number 2 are grad students, you know, they want to live downtown, obviously, new hospitals coming in right behind the building. 139 "jspaeth@cityofutica.com" (445732864) 00:15:22.379 --> 00:15:29.189 You know, they want to be in close proximity, but they, they can't afford, you know, 2000 dollars a month. 140 "jspaeth@cityofutica.com" (445732864) 00:15:29.189 --> 00:15:37.709 But they still want to be in that downtown atmosphere. So we're really excited about this project. We think it's going to be a resounding success. So. 141 "jspaeth@cityofutica.com" (445732864) 00:15:39.419 --> 00:15:48.659 I worry about that 1, uh, the 252 building most of it will be done by the end of the year, but definitely by March fully complete and then. 142 "jspaeth@cityofutica.com" (445732864) 00:15:48.659 --> 00:15:53.099 We're working right now with our construction manager. 143 "jspaeth@cityofutica.com" (445732864) 00:15:53.099 --> 00:15:58.619 Couple things that kind of blindsided us. Like right now there's national shortage of getting toilets. 144 "jspaeth@cityofutica.com" (445732864) 00:15:58.619 --> 00:16:04.349 Um, obviously nothing we would have ever expected, so. 145 "jspaeth@cityofutica.com" (445732864) 00:16:04.349 --> 00:16:13.889 You know, right now we're looking at obtaining the long lead type items, you know, the elevators, Windows doors, et cetera. So. 146 "jspaeth@cityofutica.com" (445732864) 00:16:13.889 --> 00:16:18.239 We're hoping to be substantially complete by March, but probably May. 147 "jspaeth@cityofutica.com" (445732864) 00:16:19.559 --> 00:16:28.799 Maybe we definitely want to be done so, you know, we capture obviously a lot of students that are looking for new apartment downtown for the next cycle. So. 148 "jspaeth@cityofutica.com" (445732864) 00:16:31.199 --> 00:16:36.779 Yeah. 149 "jspaeth@cityofutica.com" (445732864) 00:16:36.779 --> 00:16:43.889 Oh, like an avenue this is a project it's a, about 75,000 square feet. 150 "jspaeth@cityofutica.com" (445732864) 00:16:43.889 --> 00:16:48.119 India, we still have space in their office section, so. 151 "jspaeth@cityofutica.com" (445732864) 00:16:48.119 --> 00:16:52.919 It's kind of if you go through the building is what we'll refer to as a Frankenstein. 152 "jspaeth@cityofutica.com" (445732864) 00:16:52.919 --> 00:16:59.309 Because you just keep growing over the years and it's different parts and different construction the different technologies. 153 "jspaeth@cityofutica.com" (445732864) 00:16:59.309 --> 00:17:03.029 We're going to keep the 2 story office building. That's on the far left. 154 "jspaeth@cityofutica.com" (445732864) 00:17:03.029 --> 00:17:06.239 And demolish the rest of the space. 155 "jspaeth@cityofutica.com" (445732864) 00:17:06.239 --> 00:17:10.889 And put up a new 45,000 square foot steel building. 156 "jspaeth@cityofutica.com" (445732864) 00:17:10.889 --> 00:17:15.779 For distribution space we've also had some folks calls with the, uh. 157 "jspaeth@cityofutica.com" (445732864) 00:17:15.779 --> 00:17:20.369 Uh, by way, right directly behind it and it's accessible by 2 exits. 158 "jspaeth@cityofutica.com" (445732864) 00:17:20.369 --> 00:17:23.609 It's a great location for that distribution. Uh. 159 "jspaeth@cityofutica.com" (445732864) 00:17:24.234 --> 00:17:34.344 Use right now cut the utilities. We are having a tableau guys go through that we awarded that contract, right? Yeah, right now we're just waiting on electric, spend cut. 160 "jspaeth@cityofutica.com" (445732864) 00:17:34.374 --> 00:17:42.864 We're just waiting on gas and water to be cut to the building and then we've already applied for the demolition per month to take down the 65,000 square feet. So. feet so 161 "jspaeth@cityofutica.com" (445732864) 00:17:43.589 --> 00:17:51.539 Hopefully, uh, hopefully within the next couple of weeks, you know, we'll start doing the demo in that project. 162 "jspaeth@cityofutica.com" (445732864) 00:17:51.539 --> 00:17:55.109 Hello. 163 "jspaeth@cityofutica.com" (445732864) 00:17:57.599 --> 00:18:01.319 Uh, next 151 bleaker street. 164 "jspaeth@cityofutica.com" (445732864) 00:18:01.319 --> 00:18:09.114 Um, so we picked this up, but we closed on any time frame. 165 "jspaeth@cityofutica.com" (445732864) 00:18:10.644 --> 00:18:19.644 So for those, I don't know if anybody had been inside that building before, but it's still on processing center. So there was 1,000,000. 166 "jspaeth@cityofutica.com" (445732864) 00:18:19.949 --> 00:18:34.619 You know, little tiny offices all over the place firms, et cetera. So, what we did is we had a treatment and demolition crews, basically go in there and for lack of a better term, got majority in the space. 167 "jspaeth@cityofutica.com" (445732864) 00:18:34.619 --> 00:18:43.319 So, we're not marketing it too hard yet. We want to get a little closer but the nice part is we've already for. 168 "jspaeth@cityofutica.com" (445732864) 00:18:43.319 --> 00:18:49.649 A laboratories toward the space, uh, high end furniture stores toward the space. 169 "jspaeth@cityofutica.com" (445732864) 00:18:49.649 --> 00:18:53.729 An insurance company is toward the space. 170 "jspaeth@cityofutica.com" (445732864) 00:18:53.729 --> 00:19:01.469 A medical group, so definitely getting a lot of activity. And this is the nice part. 171 "jspaeth@cityofutica.com" (445732864) 00:19:01.469 --> 00:19:06.929 You know, and we had actually driven by this property. 172 "jspaeth@cityofutica.com" (445732864) 00:19:06.929 --> 00:19:12.059 Hundreds and hundreds of times going back and forth between our belief here and Genesis history properties. 173 "jspaeth@cityofutica.com" (445732864) 00:19:12.059 --> 00:19:19.919 The realtor kept saying, you know, guys, you should really take a look and purchase this. We didn't know until there was actually work being done or. 174 "jspaeth@cityofutica.com" (445732864) 00:19:19.919 --> 00:19:24.659 And we got routed around the back of the building cause there was all of that parking underneath. 175 "jspaeth@cityofutica.com" (445732864) 00:19:24.659 --> 00:19:30.089 So, the total parking on this property is supposed to 500 cars. 176 "jspaeth@cityofutica.com" (445732864) 00:19:30.089 --> 00:19:37.259 So, obviously price rate has there a lot. There's 200 basically under the building and then there's a parking lot across the street. 177 "jspaeth@cityofutica.com" (445732864) 00:19:37.259 --> 00:19:45.449 So, having that much on side onsite parking is definitely the driver, you know, as far as the attractiveness to. 178 "jspaeth@cityofutica.com" (445732864) 00:19:47.009 --> 00:19:57.059 Um, yeah, this 1 obviously isn't, isn't it? It's a project, but this is kind of something that we're working on right now. So this is the 84, 8 or. 179 "jspaeth@cityofutica.com" (445732864) 00:19:57.059 --> 00:20:05.609 It was actually a agricultural farm farm and the previous developer would bought it. 180 "jspaeth@cityofutica.com" (445732864) 00:20:05.609 --> 00:20:10.289 Started the process, but roadways and utilities and. 181 "jspaeth@cityofutica.com" (445732864) 00:20:10.289 --> 00:20:17.009 Hydrants, and basically got ready to start the development process on the site and. 182 "jspaeth@cityofutica.com" (445732864) 00:20:17.009 --> 00:20:20.849 Found out that there are in the soil. 183 "jspaeth@cityofutica.com" (445732864) 00:20:20.849 --> 00:20:31.769 To this date, so nobody knows how they got there, you know so obviously he didn't wanted nothing to do with that, you know, turn to us. We actually acquired it from him. 184 "jspaeth@cityofutica.com" (445732864) 00:20:31.769 --> 00:20:36.389 So, we have the site right now. It's actually in the States brownfield program. 185 "jspaeth@cityofutica.com" (445732864) 00:20:36.389 --> 00:20:48.299 But once again, like, our business model's a little different than most of most people have to have a tenant actually do the work. We actually will do the work upfront and then. 186 "jspaeth@cityofutica.com" (445732864) 00:20:48.299 --> 00:20:51.809 You know, 5 to 10 minutes later so the site. 187 "jspaeth@cityofutica.com" (445732864) 00:20:51.809 --> 00:21:00.749 We're finishing the remedial investigation. This fall will go right into remediation. These type of sites right now. 188 "jspaeth@cityofutica.com" (445732864) 00:21:00.749 --> 00:21:09.929 9,900 bleaker street, this type of property I mean, the phone just rings off the hook. Everybody's looking for distribution space. 189 "jspaeth@cityofutica.com" (445732864) 00:21:09.929 --> 00:21:22.439 Um, light, manufacturing, you know, it's definitely seems to be coming back as well. Um, in Syracuse, there's a lot of discussion about possibly semi conductor plant coming in as well. So. 190 "jspaeth@cityofutica.com" (445732864) 00:21:22.439 --> 00:21:29.579 I mean, we get multiple calls per week on this property for people looking for space. So. 191 "jspaeth@cityofutica.com" (445732864) 00:21:30.719 --> 00:21:42.809 Um, this property, a lot of people don't even know we actually acquired this in July so this is a Bible sin formally had the right date. 192 "jspaeth@cityofutica.com" (445732864) 00:21:42.809 --> 00:21:52.289 And advanced auto, um, for those that haven't been up there recently we've already invaded the space. It's been completely got it. 193 "jspaeth@cityofutica.com" (445732864) 00:21:52.289 --> 00:22:03.779 The advanced auto space I already signed the lease. I'm just waiting on it Eco sign. So we have another national auto parts store That'll be entering in that space. 194 "jspaeth@cityofutica.com" (445732864) 00:22:03.779 --> 00:22:07.919 The space that had formally had, right right. 195 "jspaeth@cityofutica.com" (445732864) 00:22:07.919 --> 00:22:13.439 And then as well, um, we've already basically come to terms as far as the letter of intent there. 196 "jspaeth@cityofutica.com" (445732864) 00:22:13.439 --> 00:22:24.539 Uh, we're waiting on basically, uh, the least to come back to us because it's another, um, this is actually an international company. So that building's supposed to be involved, which is exciting. 197 "jspaeth@cityofutica.com" (445732864) 00:22:29.009 --> 00:22:36.989 Um, just to 2 final 1 I mean, this is 1 we're actually doing in downtown Syracuse. This isn't going to be another brownfield site. 198 "jspaeth@cityofutica.com" (445732864) 00:22:36.989 --> 00:22:40.379 Right. Uh, just off the Armory Square. 199 "jspaeth@cityofutica.com" (445732864) 00:22:40.379 --> 00:22:52.439 So, we'll actually be demoing. The rest of this is the original cold storage building, downtown Syracuse, and putting somewhere between 10,115 market rate departments and the site. 200 "jspaeth@cityofutica.com" (445732864) 00:22:53.579 --> 00:23:02.609 And then the final 1, this is the roam turning site, right? That you kind of come in to, to the city of our own. 201 "jspaeth@cityofutica.com" (445732864) 00:23:02.609 --> 00:23:07.349 It's 115 years of radiate are manufacturing. 202 "jspaeth@cityofutica.com" (445732864) 00:23:07.349 --> 00:23:11.009 That they did on the site, obviously contaminated. 203 "jspaeth@cityofutica.com" (445732864) 00:23:11.009 --> 00:23:22.169 So, we have this site in the brown field program. We've already completed the abatement demolition and should have the approval this week to start the remediation process on that site. 204 "jspaeth@cityofutica.com" (445732864) 00:23:22.169 --> 00:23:36.269 So, the plans, we have the permission from the state, but yeah, we talked to the hotel. Sorry I didn't catch up, but we talked with the hotel user and a couple of other retailers, national retailers, because it's. 205 "jspaeth@cityofutica.com" (445732864) 00:23:36.269 --> 00:23:42.629 It's right on the main drag as you enter, and it's a very well located for that. Excellent visibility. So. 206 "jspaeth@cityofutica.com" (445732864) 00:23:42.629 --> 00:23:53.699 Those are with that project. Good questions mark. 207 "jspaeth@cityofutica.com" (445732864) 00:23:53.699 --> 00:23:57.269 Huh. 208 "jspaeth@cityofutica.com" (445732864) 00:23:58.439 --> 00:24:03.329 And if anybody wants to work any of these projects here, looking to see some progress. 209 "jspaeth@cityofutica.com" (445732864) 00:24:03.329 --> 00:24:11.039 Just let us know Jackie through any time you on Jack was brave enough last week to do the tour of the camp block and. 210 "jspaeth@cityofutica.com" (445732864) 00:24:11.039 --> 00:24:19.109 Yeah, it does not look like it, you know, in front of them, but there's a lot of people on a lot of activity inside that. No, no. 211 "jspaeth@cityofutica.com" (445732864) 00:24:19.109 --> 00:24:23.099 So anybody wants to tour, you know, if you have an open invitation. So. 212 "jspaeth@cityofutica.com" (445732864) 00:24:23.099 --> 00:24:30.149 Please let us know. Great. Alright. Great. Thank you. Thank you. Very much. Trouble. I'll take care. 213 "jspaeth@cityofutica.com" (445732864) 00:24:30.149 --> 00:24:34.109 We want to be 1 extra. 214 "jspaeth@cityofutica.com" (445732864) 00:24:34.109 --> 00:24:38.699 All right take care. 215 "jspaeth@cityofutica.com" (445732864) 00:24:41.999 --> 00:24:45.509 Executive session. Oh. 216 "jspaeth@cityofutica.com" (445732864) 00:24:45.509 --> 00:24:49.679 Sure can I get over this then? Um. 217 "jspaeth@cityofutica.com" (445732864) 00:24:49.679 --> 00:24:54.269 Yeah, yeah, I can just forward and I'll financing. 218 "jspaeth@cityofutica.com" (445732864) 00:24:54.269 --> 00:24:58.379 Related to this Apple can, um. 219 "jspaeth@cityofutica.com" (445732864) 00:24:58.379 --> 00:25:03.899 Motion 6th, all there post. 220 "jspaeth@cityofutica.com" (445732864) 00:25:03.899 --> 00:25:07.169 Hello. 221 "jspaeth@cityofutica.com" (445732864) 00:25:13.319 --> 00:25:16.499 Okay, we're gonna resume. Okay. Okay. 222 "jspaeth@cityofutica.com" (445732864) 00:25:16.499 --> 00:25:20.759 Okay, back to the top of the order. Yep. 223 "linda romano" (2624719616) 00:25:20.759 --> 00:25:29.849 Approval of minutes, August, 17, 2022 we get a chance to review. Uh, there was a, uh, small change that Laura had. 224 "linda romano" (2624719616) 00:25:29.849 --> 00:25:33.329 Linda had made, um. 225 "linda romano" (2624719616) 00:25:33.329 --> 00:25:39.119 In the 1400, it was a new business a. 226 "jspaeth@cityofutica.com" (445732864) 00:25:39.119 --> 00:25:42.629 Uh, the change was, um, in that. 227 "jspaeth@cityofutica.com" (445732864) 00:25:42.629 --> 00:25:46.409 Uh, Linda stated that, uh, she further. 228 "jspaeth@cityofutica.com" (445732864) 00:25:46.409 --> 00:25:53.279 Linda, who is she further stated that miss Shepard retained a different attorney to represent her through the process? 229 "jspaeth@cityofutica.com" (445732864) 00:25:53.279 --> 00:25:57.839 So, there's a little change there and then also under. 230 "jspaeth@cityofutica.com" (445732864) 00:25:57.839 --> 00:26:02.999 Yeah, they had attorneys that's it's it's not conventional. 231 "jspaeth@cityofutica.com" (445732864) 00:26:02.999 --> 00:26:12.569 Right, right so that was my bad on there. And then, uh, the other was a, a further breakdown of the benefits to the workspace. 232 "jspaeth@cityofutica.com" (445732864) 00:26:12.569 --> 00:26:19.589 Project so just listing out what the sales tax was given the 1400. 233 "jspaeth@cityofutica.com" (445732864) 00:26:19.589 --> 00:26:23.639 Oh, he's part of I think you're right you're right. You're right. 234 "jspaeth@cityofutica.com" (445732864) 00:26:23.639 --> 00:26:29.669 Okay, so the changes are on the version that I have here, somebody wants to see right where they have files, you. 235 "jspaeth@cityofutica.com" (445732864) 00:26:29.669 --> 00:26:32.849 Right. 236 "jspaeth@cityofutica.com" (445732864) 00:26:35.309 --> 00:26:41.729 Motion to approve all favor. Aye. 237 "jspaeth@cityofutica.com" (445732864) 00:26:41.729 --> 00:26:47.699 Post trouble Broadstreet. Okay. Um. 238 "jspaeth@cityofutica.com" (445732864) 00:26:48.864 --> 00:26:57.324 We're here to consider a final authorizing resolution relating to the 4,500 broad LLC, the shepherd group supply facility, approving, 239 "linda romano" (2624719616) 00:26:59.214 --> 00:27:11.874 financial assistance in the form of exemptions from sales tax valued at 72,188 dollars exemptions from mortgage, recording, tax valued at 4,784 dollars and reduction of real property tax. For a period of 10 years valued at 155. 240 "linda romano" (2624719616) 00:27:11.874 --> 00:27:17.334 dollars and reduction of real property tax for a period of ten years valued at one hundred and fifty five 241 "linda romano" (2624719616) 00:27:17.724 --> 00:27:30.114 1918 dollars, which financial assistance is consistent with the agencies uniform, tax exemption policy, making the finding that the project is reasonably necessary to preserve the competitive position of the project occupant and its industry, 242 "jspaeth@cityofutica.com" (445732864) 00:27:30.144 --> 00:27:38.694 and authorizing the form and execution of related documents all in the agency standard forms and subject to council review. subject to council review 243 "linda romano" (2624719616) 00:27:41.429 --> 00:27:46.679 Any questions out of project that can get a motion to approve. 244 "jspaeth@cityofutica.com" (445732864) 00:27:48.239 --> 00:27:52.769 4th, all in favor. 245 "jspaeth@cityofutica.com" (445732864) 00:27:52.769 --> 00:28:02.549 Post so okay in your packet, there was a request for an extension. 246 "jspaeth@cityofutica.com" (445732864) 00:28:02.549 --> 00:28:07.229 Uh, for that project, uh, I just, uh, ended in the end of. 247 "jspaeth@cityofutica.com" (445732864) 00:28:07.229 --> 00:28:13.259 August, I believe, and they are looking for an extension out to the end of December. 248 "jspaeth@cityofutica.com" (445732864) 00:28:13.259 --> 00:28:16.409 No, new money is requested. 249 "jspaeth@cityofutica.com" (445732864) 00:28:16.409 --> 00:28:21.389 Uh, in extension time and help. 250 "jspaeth@cityofutica.com" (445732864) 00:28:21.389 --> 00:28:26.369 Do the supply chains and everything else you got it yeah. Yeah. 251 "jspaeth@cityofutica.com" (445732864) 00:28:27.569 --> 00:28:30.719 Any questions in motion. 252 "jspaeth@cityofutica.com" (445732864) 00:28:30.719 --> 00:28:36.659 Okay, motion 4th all in favor. Aye post. So moved. 253 "jspaeth@cityofutica.com" (445732864) 00:28:36.659 --> 00:28:40.919 Okay, finance committee we are. 254 "jspaeth@cityofutica.com" (445732864) 00:28:40.919 --> 00:28:49.949 How do we want to do that? Just make a motion to yes you don't need to close the meetings to. 255 "jspaeth@cityofutica.com" (445732864) 00:28:49.949 --> 00:28:55.289 1 of the things, John, and I talked about yesterday is wondering whether. 256 "jspaeth@cityofutica.com" (445732864) 00:28:55.289 --> 00:28:59.159 We should do our own market study departments. 257 "jspaeth@cityofutica.com" (445732864) 00:28:59.159 --> 00:29:05.669 You know, there seems to be more and more of them coming in and they're bringing their own studies, but should we have our own? So. 258 "jspaeth@cityofutica.com" (445732864) 00:29:05.669 --> 00:29:17.069 I'm wondering maybe a little of that unit housing. Yeah. It's a little bit more yeah. Neutral than it would be when they're bringing them to us in the UK housing study. 259 "jspaeth@cityofutica.com" (445732864) 00:29:17.069 --> 00:29:21.239 You know, what I read is the demand is not. 260 "jspaeth@cityofutica.com" (445732864) 00:29:23.189 --> 00:29:26.909 Reflective of what's going on Tennessee. 261 "jspaeth@cityofutica.com" (445732864) 00:29:26.909 --> 00:29:30.809 Bank Square, you know, the, the demand is on. 262 "jspaeth@cityofutica.com" (445732864) 00:29:30.809 --> 00:29:36.149 Low income, you know, the lower end, uh, lower medium, right? Mm. Hmm. 263 "jspaeth@cityofutica.com" (445732864) 00:29:36.149 --> 00:29:39.659 Income earners that affordable. 264 "jspaeth@cityofutica.com" (445732864) 00:29:39.659 --> 00:29:44.819 Right, yeah, that's where the name is it's not for. 265 "jspaeth@cityofutica.com" (445732864) 00:29:44.819 --> 00:29:51.479 With my take on it, I wrote it a month ago. It's, it's it doesn't support. 266 "jspaeth@cityofutica.com" (445732864) 00:29:53.549 --> 00:29:57.089 Entirely what, you know what ours is doing and. 267 "jspaeth@cityofutica.com" (445732864) 00:29:57.089 --> 00:30:01.319 Uh, with the other projects mm. Hmm. Now there's. 268 "jspaeth@cityofutica.com" (445732864) 00:30:01.319 --> 00:30:05.609 Yeah, that's the big part of the city where, you know, we have. 269 "jspaeth@cityofutica.com" (445732864) 00:30:05.609 --> 00:30:10.469 2 thirds of population are in a lord modern income and. 270 "jspaeth@cityofutica.com" (445732864) 00:30:10.469 --> 00:30:16.199 Probably probably less than a 3rd or, you know, no incoming. 271 "jspaeth@cityofutica.com" (445732864) 00:30:16.199 --> 00:30:20.789 There's no housing for for that latter group. 272 "jspaeth@cityofutica.com" (445732864) 00:30:20.789 --> 00:30:23.909 So, I don't know how that fits in with. 273 "jspaeth@cityofutica.com" (445732864) 00:30:23.909 --> 00:30:29.789 It's gotta be some I'm not smart enough to figure that out. Um. 274 "jspaeth@cityofutica.com" (445732864) 00:30:29.789 --> 00:30:36.209 I noticed that, you know, more people are fewer household. 275 "jspaeth@cityofutica.com" (445732864) 00:30:36.209 --> 00:30:47.339 So, we housing for families, and they're not going to be in micro units right? Sure. How to address that with that or loss of job. 276 "jspaeth@cityofutica.com" (445732864) 00:30:47.339 --> 00:30:50.339 Or not right right. Yeah, I think it's done over 600. 277 "jspaeth@cityofutica.com" (445732864) 00:30:50.339 --> 00:30:58.019 6 people per household there or department with that study. Yeah. And again, that's. 278 "jspaeth@cityofutica.com" (445732864) 00:30:58.019 --> 00:31:03.149 Parts of the city all over, but right. 279 "jspaeth@cityofutica.com" (445732864) 00:31:03.149 --> 00:31:06.209 That's where the population. 280 "jspaeth@cityofutica.com" (445732864) 00:31:07.439 --> 00:31:11.009 Um, I think it'd be helpful to, um. 281 "jspaeth@cityofutica.com" (445732864) 00:31:11.009 --> 00:31:20.849 Maybe not at this meeting the next or whatever is to bring in Derek who worked on that right? And just see what what his stake is. And what the, the general. 282 "jspaeth@cityofutica.com" (445732864) 00:31:20.849 --> 00:31:24.029 That that's going to be separate from this, because. 283 "jspaeth@cityofutica.com" (445732864) 00:31:25.439 --> 00:31:31.049 How many units do we have today? Completed occupy or. 284 "jspaeth@cityofutica.com" (445732864) 00:31:31.049 --> 00:31:35.579 Available to be occupied. I'm right here in construction. 285 "jspaeth@cityofutica.com" (445732864) 00:31:35.579 --> 00:31:39.959 How many are proposed and then that's our universe. 286 "jspaeth@cityofutica.com" (445732864) 00:31:41.879 --> 00:31:44.879 1000 units is it 500 years? I. 287 "jspaeth@cityofutica.com" (445732864) 00:31:44.879 --> 00:31:52.109 I wish I know, and I'm sure there's the realtors. No, and probably others, but, you know, what is our universe and. 288 "jspaeth@cityofutica.com" (445732864) 00:31:52.109 --> 00:31:57.659 How many people are going to come in from both speed and for the hospital and. 289 "jspaeth@cityofutica.com" (445732864) 00:31:59.669 --> 00:32:05.999 Other other, you know, just we're gonna run into. 290 "jspaeth@cityofutica.com" (445732864) 00:32:05.999 --> 00:32:09.329 Potentially, uh, over capacity. Mm. Hmm. 291 "jspaeth@cityofutica.com" (445732864) 00:32:11.189 --> 00:32:17.159 So so that's why we thought we had our own kind of our own person out there. 292 "jspaeth@cityofutica.com" (445732864) 00:32:17.159 --> 00:32:22.619 Looking at it the way we want to look at as opposed to you'll find this guy we got, you know. 293 "jspaeth@cityofutica.com" (445732864) 00:32:22.619 --> 00:32:26.339 36 months units and they're all going to be running. Okay. 294 "jspaeth@cityofutica.com" (445732864) 00:32:26.339 --> 00:32:29.489 Oh, well, we do have that. 295 "jspaeth@cityofutica.com" (445732864) 00:32:29.489 --> 00:32:35.489 1, part of the college downtown analysis, perhaps they'll get some people for that. Yeah, but. 296 "jspaeth@cityofutica.com" (445732864) 00:32:35.489 --> 00:32:41.999 Be a great 1 and that's the card long as you gray building and I know that's cool. But that's about 12 units. Yeah. 297 "jspaeth@cityofutica.com" (445732864) 00:32:41.999 --> 00:32:45.329 So, there's pockets of those 10 to 12 units . 298 "jspaeth@cityofutica.com" (445732864) 00:32:45.329 --> 00:32:57.719 Yeah, cause an hour has and what? Others GSB that's yeah, 2 or 3 floors of apartments. Yeah you can put a narrow down. Right? No problem is you have all that old. 299 "jspaeth@cityofutica.com" (445732864) 00:32:57.719 --> 00:33:02.009 No housing, unless June that's just not an app, right? 300 "jspaeth@cityofutica.com" (445732864) 00:33:02.009 --> 00:33:05.129 Big part of the city where. 301 "jspaeth@cityofutica.com" (445732864) 00:33:05.129 --> 00:33:19.764 A lot of people used to live, I was kind of hoping with low mill then they would be taking, you know, somebody would be taking down tracks over that old garbage housing, just to get rid of it and clear the space for, you know, either better housing or some other community amenities, but. 302 "jspaeth@cityofutica.com" (445732864) 00:33:20.849 --> 00:33:26.069 I'm curious, um, I mean, because they're out of town and yeah, no problem. Yeah. 303 "jspaeth@cityofutica.com" (445732864) 00:33:26.069 --> 00:33:33.899 Yeah, I've, I've, I've talked with the, uh, manager in the past cause, you know, the mayor has expressed, you know, uh. 304 "jspaeth@cityofutica.com" (445732864) 00:33:33.899 --> 00:33:40.199 You know, unhappiness with him. Yeah. Well, now the big yeah. 305 "jspaeth@cityofutica.com" (445732864) 00:33:40.199 --> 00:33:48.659 Who did that housing on an industry where they renovated all these old houses and made them? I mean, they still weren't really. 306 "jspaeth@cityofutica.com" (445732864) 00:33:48.659 --> 00:33:52.619 Pretty good. Isn't there an outfit out of Syracuse? Yeah, housing divisions. 307 "jspaeth@cityofutica.com" (445732864) 00:33:52.619 --> 00:33:57.659 Yeah, housing visions as housing vision. Yeah so they have. 308 "jspaeth@cityofutica.com" (445732864) 00:33:57.659 --> 00:34:07.799 They may feel they have like, different names, Campbellton and stuff like that. A bunch of different, uh, you know, little pockets that they have on on different roads and streets are mm. Hmm. 309 "jspaeth@cityofutica.com" (445732864) 00:34:08.819 --> 00:34:12.449 No. 310 "jspaeth@cityofutica.com" (445732864) 00:34:12.449 --> 00:34:18.359 Oh, just that, you know, the mayor displeasure if I, I contacted the, uh. 311 "linda romano" (2624719616) 00:34:18.359 --> 00:34:30.504 The management company, I haven't talked to them lately, but, you know, something on the on the radar for me to do, because there was just reports of people hanging out and, you know, it just wasn't being kept, you know, 312 "linda romano" (2624719616) 00:34:30.504 --> 00:34:33.474 in the manner that we were thinking it should've been so. 313 "linda romano" (2624719616) 00:34:33.839 --> 00:34:44.249 Do you know their attributes? They were, uh, I think they were doing good, but then with a pandemic, then you couldn't evict anybody. So I think they got caught up into that. That's why they had some. 314 "linda romano" (2624719616) 00:34:44.249 --> 00:34:48.449 Not so great tenants. Yeah. And just kind of got stuck into that. 315 "jspaeth@cityofutica.com" (445732864) 00:34:48.449 --> 00:34:59.669 Into that little cycle. So, um, I'm sure that once the because the courts have opened up as far as getting people yeah. Convictions and stuff. So. 316 "jspaeth@cityofutica.com" (445732864) 00:34:59.669 --> 00:35:12.059 I'm sure that they've been, you know, they've had their cases that doesn't mean that's a big building. That's got to have a lot of capacity. Yes. You know well, 3 quarters round and you're talking about 2 thirds 3 record of it. 317 "jspaeth@cityofutica.com" (445732864) 00:35:12.059 --> 00:35:16.259 Is is affordable and then that balances the, the market rate. 318 "jspaeth@cityofutica.com" (445732864) 00:35:16.259 --> 00:35:20.189 Yeah, you know, and they're just kind of mixed in with each other. 319 "linda romano" (2624719616) 00:35:20.189 --> 00:35:24.959 So, it's not, you know, so everybody wasn't segregated. Oh, don't go into the good building type of thing. 320 "jspaeth@cityofutica.com" (445732864) 00:35:24.959 --> 00:35:31.979 Okay, um, do we need are we gonna have a motion to go into. 321 "jspaeth@cityofutica.com" (445732864) 00:35:31.979 --> 00:35:36.809 Yeah, motion to go to finance for. 322 "jspaeth@cityofutica.com" (445732864) 00:35:36.809 --> 00:35:42.209 Yeah, yeah, and then call the Finance Committee meeting to order. 323 "jspaeth@cityofutica.com" (445732864) 00:35:42.209 --> 00:35:46.529 Okay. 324 "jspaeth@cityofutica.com" (445732864) 00:35:46.529 --> 00:35:54.119 All the Finance Committee meeting to order? Yeah, just the budget. Everybody had a chance to review it. 325 "jspaeth@cityofutica.com" (445732864) 00:35:54.119 --> 00:35:57.359 Um, if there's any questions on it. 326 "jspaeth@cityofutica.com" (445732864) 00:35:57.359 --> 00:36:08.849 Straightforward, I will have a an update I talked with the I. T guy and we're trying to ramp up the, uh, the WI. Fi again. 327 "jspaeth@cityofutica.com" (445732864) 00:36:08.849 --> 00:36:13.889 Uh, long delay project. Yes. Um, but, uh. 328 "jspaeth@cityofutica.com" (445732864) 00:36:13.889 --> 00:36:21.989 He says, you know, we're going to start going back on it so we can hopefully get some money out the door and help the city with that project. 329 "jspaeth@cityofutica.com" (445732864) 00:36:24.899 --> 00:36:27.899 Questions on the budget no. 330 "jspaeth@cityofutica.com" (445732864) 00:36:29.339 --> 00:36:32.999 Motion to approve. 331 "jspaeth@cityofutica.com" (445732864) 00:36:32.999 --> 00:36:40.409 Think the idea needs to I think the Finance Committee needs to agree on the form then submit it to the. 332 "jspaeth@cityofutica.com" (445732864) 00:36:40.409 --> 00:36:54.959 For the so, what's that process? Just approve it to the board to send us a recommendation committee? Yes. Promotion to approve them recommendation for 2003 budget. 333 "linda romano" (2624719616) 00:36:54.959 --> 00:36:59.609 As presented. Mm. Hmm. Oh, sure. 334 "linda romano" (2624719616) 00:36:59.609 --> 00:37:08.339 I'll make a motion, I think it's just a recommendation at this point. Then we'll come out of the Finance Committee. Then it goes then the regular board will be correct. 335 "linda romano" (2624719616) 00:37:10.049 --> 00:37:18.659 I'll make a recommendation. Yeah, it works out. 336 "linda romano" (2624719616) 00:37:18.659 --> 00:37:23.099 2nd, 1. 337 "jspaeth@cityofutica.com" (445732864) 00:37:23.099 --> 00:37:26.189 All right so moved. 338 "jspaeth@cityofutica.com" (445732864) 00:37:26.189 --> 00:37:30.419 Okay, then earn adjourn finance. 339 "jspaeth@cityofutica.com" (445732864) 00:37:30.419 --> 00:37:33.809 And go back to the yeah. 340 "jspaeth@cityofutica.com" (445732864) 00:37:33.809 --> 00:37:44.369 So, our new business, Mark made a motion to adjourn. 2nd, we're back at such a motion to approve the budget. 341 "jspaeth@cityofutica.com" (445732864) 00:37:45.719 --> 00:37:50.459 I go as recommended by the Finance Committee. I'm sorry. 342 "jspaeth@cityofutica.com" (445732864) 00:37:50.459 --> 00:37:55.289 Architecture all in favor aye opposed. 343 "jspaeth@cityofutica.com" (445732864) 00:37:55.289 --> 00:38:03.059 I'll send you a Jordan. I'll see you. There was, um. 344 "jspaeth@cityofutica.com" (445732864) 00:38:03.059 --> 00:38:08.639 Yeah, that's it by me. 345 "jspaeth@cityofutica.com" (445732864) 00:38:08.639 --> 00:38:16.440 So, let's look in the spine and somebody to do survey just Margaret today and just for ourselves. Mm. Hmm. Mm. Hmm. 346 "jspaeth@cityofutica.com" (445732864) 00:38:16.440 --> 00:38:20.310 That'll be somebody else that or no, that's all that stuff. 347 "jspaeth@cityofutica.com" (445732864) 00:38:21.330 --> 00:38:25.140 Is anybody at the back of my 10 o'clock. 348 "jspaeth@cityofutica.com" (445732864) 00:38:26.430 --> 00:38:32.430 Yeah, we haven't, uh, we. 349 "jspaeth@cityofutica.com" (445732864) 00:38:32.430 --> 00:38:38.340 We have seen some of the larger regional or national, um. 350 "linda romano" (2624719616) 00:38:38.340 --> 00:38:43.170 Appraisal firms will go a lot cheaper than. 351 "linda romano" (2624719616) 00:38:43.170 --> 00:38:45.492 You know, some of the locals between here.