July 9, 2024 — University Hill Commercial Area Management Commission Regular Meeting

Transcript

Captions from City of Boulder YouTube recording.

[0:00] Start the recording and then table. Right? We are recording. It is Tuesday, July 9, th 2024. Welcome to the University Hill Commercial Area Management Commission meeting. I will call Lowell Trent Bush here. Hello, Jones! Here. Ted Rockwell, here. Andrew Shoemaker here. Danica Powell not here yet. I will send the meeting over to the chair for procedural item. crunch. 1st up is approval of the May 7, 8 min. Does anyone have anything that they want to address regarding minutes. I will entertain a motion to accept the meeting minutes so moved. Second. we're on this passes your hands.

[1:00] We've now reached the public participation portion of our commission meeting to handle members of the public here. You'd like to be heard. Yes. very helpful. See your hands just a moment, Mary Alice, we will let you unmute. Can you hear me now? It's him! Okay, wonderful. Thank you so much. I don't have much to say. My personal life has been a bit in turmoil since my husband died. But From what I understand. There has just been enthusiastic reaction to the changes that are happening in the wake of the Moxie hotels opening. and there's anticipation that the other hotel, I guess, will open in a year or 2 will continue that positive impact on the neighborhood. Several residents have gone down and checked out the Moxie and the area around it, and

[2:03] they all say, at least, from what I see. That things look cleaner, the streets look cleaner. There just seems to be a better vibe to the whole neighborhood, the the commercial area. There is some concern, however, about the reduced police presence on the hill. Apparently. They have transferred. They're concentrating more on North Boulder with some criminal activity that's like occurring there. and residents on the hill are a bit concerned that there might be a reduced police presence here and point to the July 4.th Fireworks, which really were unceasing all night and for several days, actually with no apparent attention from the police. I mean, it's notoriously difficult to to catch people who are doing fireworks usually, but I know down the street from me there was, I mean, you know, way up in the sky, all these beautiful fireworks going off. It really wouldn't have been hard to find out where they were coming from, but they continued.

[3:11] interim. Chief Reverend did say that they did not intend to reduce the presence on the hill. They've got more recruits, but he also said they had to go to Police Academy before they could be deployed on the street, so I guess we'll just wait and see how that goes, and hope for the best. But so far it's looking good. The lined scooter situation seems to be going smoothly now, which is a big relief. and that's really all I have to say. Thank you, Mary, appreciate your comments, and for raising the concern, please please press. Sorry to hear where it's fast. Thank you. Any other members of the public. here to speak there fishing. But I'm not on monthly.

[4:02] Alright. We'll move on to the consent. Agenda. Is anyone have anything in the consent agenda? They want to address share? Okay? Rather from financials. So he's in the Fund Financials Commission to address. I I have some point, but I think they'll be answered in the upcoming. Excellent! We will move on. Don't answer your questions in the move on from incentive and fund financials to April update. Yes, she went over to Penfold. Tape on accident. So she should be on the break. Yeah. Slut Update from Jake. 3. Oh. Hey! All.

[5:00] It's insane. Can you hear me? Okay. Okay. She just raised her hand. So Reneka is here. You guys hear me? Yes. Okay, awesome. Let me see. Lauren, am I able to share my screen. You should be, and if you're a co-host. Oh, got it? Thank you. Alright. I put together a presentation just cause. There's a couple of photos I wanted to share. 1st thing we had a really successful our 1st regular public facing newsletter went out last quarter, and I don't think I have updated this commission on it yet. It was super successful. It was one of our more successful emails in general. Even compared to the business ones, we had a 30% open rate and a 10% click through rate, which means they actually went in and clicked one or more links within the email and it went out to 233 people, which is a list, I think the numbers higher now, but that list has been growing over the years.

[6:10] and we haven't haven't been able to send out regular public facing newsletters. We've we had one a year ago, but now I'm hoping to do it quarterly, and this was a super successful 1st one. and on the right is on the right is what it looks like. just the beginning of it. A quick update on the on the rise concert event that roots music project put on last month. They're waiting on photos from their photographer. But these they they sent over a couple iphone photos. They said they had 500 attendees total, with at most 250 people there. And there were some issues with the lighting above the Hill Event Street, and with the power in the power in the light poles. And we're working on remedying that before their next show, which is July, the end of July.

[7:06] and then there'll be one final one in August as another photo. It's at a big stage. It's really high production. Lot of people looked really cool. Moxie, as Mary Ellis mentioned definitely a huge impact to the Moxie. So far, I wanna highlight our our impact that we're seeing on our social or on our Google search console. So since the Moxie open, we've seen a 140 increase in our website showing up on Google search results. which is awesome. Most of that is for the Moxie. But a lot of it. But a good amount of it isn't. And I think that part is really important to highlight cause. Obviously. you know, the Moxie is great for the Moxie, but it's we're also seeing that the Moxie is leading to clicks on other businesses and leading other businesses. On the hill to show up higher in Google search ranking. So that's awesome. And I'm working on getting a section of our website that

[8:10] is just devoted to hotels. Right now, the top says. like, eat shop something. And and so we're gonna add one each shop stay something like that. Last thing the Hill Crosswalk mural. That's a project that Arts and the Office of Arts and Culture with the city has been working on with Regan's District Vitality Department. and I wanted to share this final design. With you guys, I, Trent, this is also in your email. I think it looks awesome. We went through a bunch of iterations of it kind of removing. There were some Logos of hill businesses on there, and some text, and we decided to remove those things for safety and kind of

[9:02] fairness reasons. So that's why, if you can. I don't know how big it is in that room there, but the the fox marquee has some like alien alien text on it. So that's why. But happy to answer any questions about that. I think that's all I've got. Yep. So we have any questions for Jake. Jake. Real quick up the lighting on the event street. Is it the the small light bulbs that you were mentioning. So half of that is out right now. I noticed. Yeah. Support. The next music project. Okay, cool. Yeah. Great. Yeah. Regan's on it. And then which direction is that logo the mural going? Is it crossing Broadway. This is Pleasant Street. Okay, alright gotcha. What is the proposed timeline for that installation?

[10:02] So, Jake, you can ask this, but Jake, sending it to transportation and mobility for their review and approval. We will then work with Gobco. They are the company that will actually create or design the for you to cross, walk on like the computer so that we can print it and do the final on the street. So that process should take no longer than 2 to 4 weeks, Jake, you have not got an update from transportation. That's that's basically as much as I know, Regan. I have the final designs now. Well, I have the final design for this hill one now, and I'm waiting on the final design in the correct file format for another crosswalk mural, and we're just going to do it all together. But I had a question on this. Yeah, on the mural would be the alien figures for the fox, or whatever you know. i i i sort of. I get the idea that you want to pick one restaurant over another fox, or it seems like that's sort of that, like an anchor institution on the hill. Is there? A

[11:11] I mean? I don't. I don't mean is there a. And it's all it's been featured in rolling stone, and all these other. It's sort of like it's an attractive. Yeah. My, my hope was that we would have the fox marquee with the actual fox logo, and we'd have the sync logo and just things that are iconically the hill from the City of Boulders Transportation Department does not allow text on the road. and so we played with trying to. you know, I mean, the fox logo is literally just the word fox. So we, you know, we tried playing around with doing the little angel from the sync logo instead of the word the sync, and it just seemed like then we would end up with, we just have a mural that has something set has a little sync, you know, trademark image on it and nothing else, cause we didn't have anything for the fox. We didn't.

[12:03] So I mean, this is, it's not ideal, but not being able to use text. I think it's nice that the marquee is still there, and I think that's the best we can do. Yeah, exactly. It's just it's a city policy, although we're no words on the road. Yes. Good. Luckily, it's being installed within eyesight, like, it's right there. In both cases it's gonna be. I was. Gonna say, yeah, okay, so no, it's a concern. Then the application will happen quick.

[13:03] So closing for 6 weeks and 8, yeah. And then happy peace is, vehicles travel over plus it'll lapse. Yes. that's great news. Yeah. Did that? Thank you. Any other questions for Jake? He'll update. We'll continue moving through our agenda. We are to matters from staff. 1st up is the draft. 25 budget recommendations. La, it's been hard at work. Building the 2,025 budget for the entire soon to share some context with everything that we have planning on between 25 and then, of course, specifics as far as the budget. Budget moving forward. So la, thanks, Chris. And of course, if there's anything I miss or you guys wanna have a little bit more details on, Chris would probably be able to help us out as well.

[14:05] So we'll kind of start off at a high level today. We're just gonna go through kind of the general improvement districts like this, roles and responsibilities very similar to last year's presentation that Teresa put on. And then we'll get into the budget process. What that cycle typically looks like and then the overall department budget. Our capital improvement program uses specific budget and changes. We'll have some time feedback and questions, and we'll get into some suggested motion. Language helps us kind of move this along. But Council know kind of what you can't see thought about the the budget. So the roles and responsibilities, the general improvement district. This is, isn't completely exclusive. This is everything that the General Improvement district does with its funds. But this is kind of a high level of what the general improvement district it's it's main roles and responsibilities are, of course. doesn't specifically say about, you know, painting across the street right? But it gives us some flexibility to be able to do some of those things, so this would have been included in the packet. So if you did want to reference this, or have any questions about it, by all means get to that.

[15:12] Some key accomplishments and work in progress. I thought this was really fun. This is one of my most favorite exercises of doing such development is, is, what have we done right. So this year, as we talked I think it was beginning of this year the Hill Merchant Association asked for some additional support. We were able to find some additional funding to be able to expand that support. And we've been able to kind of basically secure that as an ongoing type of thing. There was an ordinance change there that we had to kind of improve those land use standards that went through in terms of like how we regulate serving of alcohol kind of expand some of those programs on the hill. We had a hundred anniversary of the sink, which was you know that that was a big topic throughout the entire city. Not just, for you can't see as such a big staple the finally Uli tap report we finally pulled in and are exploring some of those options, and we will talk a little bit about 14th Street, and it's main asset, for you can see here in a little bit

[16:16] and something that actually just came out as I was making this presentation the 29 production and crime rate. So I know. We just heard from Mary Alice. About the police presence. So hopefully, we continue to see that reduction in crime. And and as we work with our partners. Pd. some go might add a couple of them openings. And we've been able to go through and plant some trees that had some trees that have died forestry department with some new trees and tree grates, and where possible, and that continues to be. And of course we've all stuff you've been hearing about

[17:01] festival meetings from wayfinding. Award, we can spend meeting to be prepared for. because there's a help regarding the same. Yep. yeah. So that's that's great segue into that work in progress with wayfinding. We're going to be repaving the 14th Street parking lot summertime. So again, you're gonna hear about this in a few minutes. So we're taking that as an opportunity to repave that lot kind of repave and restripe. So it's gonna look a lot better, and also be a lot easier on your suspension. And then roots music Festival, as we continue to activate more and more spaces up at Hill, and then also at the 14th Street lot as an activation itself. Yeah, question, who who pays for the repaying a lot? Is that part of this budget. So kind of the 8 93 k. This year 93 K. I'm not sure exactly which number, though, has. It's on spirit. Oh, the difference. So we can. It's it's not the 14th Street house. So the Hill has

[18:05] funded a facilities, repair and renovation savings account if you will. So each year as part of the transfers that you see in the budget. They transfer like $9,200 a year to basically, like I said, put a savings away for managing its assets. It only has one. So, and it actually does have 2. I think 2. No one pay station on that lot as well, so it does actually fund for that as well. So if that pay station ever needed to be replaced, they're like 30 K, very expensive. We have that as well. So we have some savings that we put aside. That we contribute to each year to help fund these types of things. And that's where that nice project. So the budget process. So we're really in that department budget development phase there at the bottom of the circle. So the Commission Council priority setting. You know, with the letters to Council that Commissioners put together conversations that we've had with you are going those the types of things that we collect. Kind of late 23, early 24, we start to develop that into how we would do a work plan. So how we not just resource financially, but from a staffing perspective.

[19:22] And then we start looking from that financial perspective is, what does it look like to get? Actually? But so we're kind of all through all those we're in that department budget development and then that is now starting to roll up into the entire citywide budget development. So we're kind of in that transition. And then come October. Well, I guess technically, September during council study session will be when the public has a 1st look at the city by the budget, and then the public hearing during 1st reading and second reading. Is in October. And that's when the public will actually be able to come in and have some input into the budget for suggestions question.

[20:09] And through that process. So a number of memos are prepared by the finance department, and we contribute to those memos providing feedback that we've heard from the commissions that we work with, so that suggested language, at the end would be something that we would be putting into that memo and any other input you all have today as well. So these are the funds that we operate out of. We kind of broke it down into District City and other the new arts, culture and heritage fell into the city bucket. And that's mainly because it's a city sales tax. So it's across the entire city with its city limits. But it is dedicated specifically to arts culture heritage. That is our newest fund. This year. We've talked a little bit about that. And then, of course, we have our district funds. We do have some general fund support. You can't see it's actually general fund transfer.

[21:05] Then we do have some other funds, such as Arpa, which we're still utilizing. Excuse me some to this day. And then we have the Ccrs funding as well that 1%, 1% minus 10%. Think of the calculation how they did it. Basically, it's 1% of the sales tax from Ccrs goes to arts. So there's also happening as well. And then we have different types of revenues and expenses. Expenses are are pretty self explanatory. The only exception to this is, we do not currently have any debt. so we are debt free and community vitality. So not just, you can't see. But all of our funds are debt, free as of right now I could change. But you don't have any plans for that. On the revenue side. All those revenues are pretty much the same with the addition of the now sales tax revenue that we will be bringing in.

[22:06] So this is our proposed budget, across the entire department. So this does include funding from Yug, and I will get into the the slide that does break out. Ujit, specifically the biggest change here. Why, you see, a 33 increase is really our capital program. So I'll I'll touch on the capital program here in the next slide. But that's going to be the biggest. And then there's also the addition of the Arts Cultural and Heritage Fund as well. That's also a big driver to our budget expanding. I will note on the internal services. There's a 21 increase there that is based on new calculations. That central finance did that as our cost allocations, so paying for our attorneys, paying for our communication staff.

[23:00] Our, it related type things. Those are all kind of included in that internal services. So since how we operate out of so many different funding sources. That aren't the general fund we have to contribute back to the general fund to those general fund, provided services. So that that calculation is done every 2 years, and this year we saw a pretty big increase. Go ahead. Thank you for catching that again. Yes, the presentation that you see on the screen are the correct numbers, and I apologize. That was out of my control to be able to do that. So that's some of the reasons why we see some of those changes there. But I did update changes. And then the 2,025 post column is now correct. So there were a few things that Central finance did post the creation of this. I thought I was running really late producing this presentation, and they wasn't running late enough. So there were a few changes compared to the packet. So I apologize for that.

[24:08] So this is huge budget, and there are a few changes here as well. Yep. the no, actually, no, I take that back. There's not. There were not any changes I take that back. So some some significant things to notice here is one on the revenue side. Our parking revenues are just not keeping pace. That 59,000 comes more from that analysis of actuals rather than an analysis of what we've been budgeting. So we did want to make it more right size for the type of money that we're actually bringing in for parking. I believe it was like 62,000 in 2023. So just given the the changes. Now. goodness is, we're being very conservative on the revenue side. So worst case scenario, it's going to come in better but we would rather be more conservative and error on the side of caution rather than be aggressive, and then also increase our expenses. So that's kind of where we are with revenues.

[25:13] investment earnings, however. Those have continued to outperform what we budgeted based upon the balance of the fund, because we sold a pleasant street lot we brought in so much revenue from that, and it's just been sitting in fund balance. It's actually earning a healthy amount of revenue. So that's a good side the downside is, we have yet to really identify a great big capital investment that would then use that money that we have from plus streamline. Of course, that goes back to Ui tab report and then what we could actually do with you on the expense side. Again, the internal services. That's the biggest one there. With the exception of capital. You can see capital actually decreased by 5 million dollars. We originally proposed. 1 point or no. Sorry. I think it was 2 million dollars

[26:08] in 2025 to redevelop the 14th Street parking lot. You don't really have development plans and fine or redevelopment plans in mind, and we want to be able to use that money rather than earmark it for something. We don't have really robust plans, for we would like to reinvest it back into the district. Which I will get to here in a little bit and use it to bolster some additional funding that we're asking for out of the general fund to kind of redo. The streetscapes within Youtube question about the internal services. is the proportion we're seeing in an increase here similar to what other districts are seeing. Is it proportional, or is it? It is actually you did? Is probably one of the lower of all of them. It kind of has to do with a number of rough ftps, and Youtube doesn't have as many ftps, as I mean, and when I say ftps, it's like a portion of staff salaries

[27:10] associated with Eugene and Ujj. Is a pretty low ft. Count, so it didn't have as big of an increase like cajet, for instance. It is still significant. It is unfortunately, more than the property tax that we collect up in Ujit which is kind of set so. But that to answer your question is, we saw that pretty much across the board, not just district funds. but every any fund that is not the general fund has to pay these internal service fees. So think parks, brick open space, mountain parts, any dedicated, but it's not. The general fund has to pay into the internal services, and they also the same stage for increase. Yeah, so I'm looking at the 2 2024 approved

[28:02] here. The 5, 26, 7, 37. Correct. It's the same number that's on the budget. not out 5, 2670. They're broken out different categories. So if you look at your budget page this page here on the front financials, yeah, it shows like a parking maintenance, 203 k. yep. So that that is broken out by our program areas, which is how we report the budget in our budget book Yup, this is by expense. Type category. So this is, it is broken out a little bit differently. So within that parking maintenance that will have personnel operating. I see where this is breaking it out, and I'm totally happy to to do by program. But it seems how this gets published in the Budget book. That's how we follow. We follow suit with the program. So that's fine. I'm just trying to. So the personnel operating transfers have been.

[29:04] we classified in this other document by the program area correct. It's another work. It's correct. Yeah. So the the fund financial outlook that you have there. For instance, like the Admin, would have personnel and operating budget maintenance personnel and operating, and then I believe there is a I think it's called transfers and cost allocations. And then there is your capital. And there's actually that one there's is now a special events line item. which we can talk about as well. I believe I have a slide on that. Talk about some of the the key enhancements and budget changes. Which is new for Eugene. Yes, and then, just since we're on it adopted, then went from 1593 in the act and revised. Yes, okay, 15,000 to 93,000 and capital. So what that is the Revised Budget. Is any money that was encumbered? Officially earmarked, set aside for a specific project or contractor.

[30:12] and it rolls over into the next year. So the reason why 2024 has so many revisions to it is because any unspent money from 2023 that was earmarked and encumbered automatically rolls over into 2024, bolstering the 2024 budget, so that we can pay for expenses that really would have been in 23, but due to timing or payment timing or the completion of projects and those types of things. That's why we have those revisions in our budgets. Gotcha. So the actual for 2023 is that 37. And the capital improvement is probably lower than what was budgeted originally. Correct. That's correct. Yeah, it's it's 1 of those one of those things that would be nice we could start sharing is budget to actual. So how much was our revised budget in 2,023? And then how much did we actually spend 2023 and that's becoming a little bit more common practice throughout public reporting government reporting because it does tell a full story.

[31:13] we say we're gonna spend $813,000 in 2025. It'd be great if we spend $813,000, 2025, sometimes spending money smart. So that's why we have budget revisions is we may not spend all 813 may have programmed all that money in 2025. But we couldn't get everything done in 25. So rolls into 26, then bolstering perfect great question. Someone's reading great documents. So summary of 2025 budget changes. this year was was a big focus from city management to do realignments. So basically going back to that whole concept of budget to actuals. If you're not spending all of your budget in program, A and program, B is spending more than it has. Let's take some money from program A and put it into program. B,

[32:08] that's the concept in a nutshell. So that was that was strongly encouraged last year. And this year as well, so we really took a deep dive and looked at our budget and said, Where are we saving money from the budget that we need to spend money elsewhere, and a big portion of it was an eco pass. We've traditionally budgeted, and not so much so for you, but we've traditionally budget a lot for Eco pass and not have the expenses that we expect. Ridership is down. There's just not as many people taking the buses, those types of things. But we have noticed that we do need to support more and more maintenance operations. We have more and more like tree rates, and I take the flowers and true. Well, street lights aren't us, but those types of things we found that we really need to increase maintenance operations. So we did pull some money from equal pass savings into maintenance.

[33:01] from Kages perspective and a little bit from you, just perspective. We did not decrease the general fund transferring. We did, however, engage it because we are increasing the amount of credit card processing fees that the general fund will be paying. So we kind of did a rob Peter to pay Paul's concept there with kages the general fund. And that's mainly because the majority of our products that we now sell directly to our customers are general products. Think the Npp parking permit program meters and dashes. These are all things that create general fund revenue. So therefore the general fund is having to pay those credit card revenue fees, whereas before we move to date, list everything, we sold everything for all of our products directly to consumer. So that's why occasion? Because we're selling long term permits are in our graduates that's now handled through a 3rd party. So we don't have those credit card processing

[34:02] the enhancements. So we are again asking for the Ambassador program and is still considered a pilot program. So we are asking for continuation of that program. So that's for downtown and the middle we're trying to expand and continue outdoor dining again. It's a pilot program. So we're really trying to bolster that. So creating some funding to produce infrastructure purchases. So that as people apply for the outdoor dining program, if they decide to use city own infrastructure, we have infrastructure available, then, for them to purchase course, they do have the option to purchase their own infrastructure. It's a little bit different, does have the same standards and does meet those standards. But we have found that through our permitting process that some do like to have city provided infrastructure. That is, that is part of the cost of getting that permit, and that application for outdoor dining. It does help us compensate and put into like that savings account that I was talking about to replace types of things.

[35:03] We are planning an Eco pass expansion to part time employees as well. So you're probably thinking, just shift a bunch of Eco pass savings over into maintenance. We didn't shift all the Eco pass savings over into maintenance. We did leave enough in there that we could expand it to part time employees, so that more and more people so hopefully that whole concept, especially on the hill, getting people out of cars, reducing the amount of cars that are taking apart and spaces for customers and consumers. We really want to get more and more people, and the district without having to bring their own car. They do have to bring their own car. Hopefully, the presentation after Matt's presentation will answer some of those questions. We have a main enhancement for the arts and cultures. We have kind of a gap year in 2,025. So the cultural plan expires in 2,024. So we don't really have that guiding light, so to speak that we have for the Grants the general operating support those types of things in 2,025, and we didn't feel like it would be appropriate to rush through a cultural plan and try to get something set up by July

[36:12] budget submission for 2,025. So we're in the process now of creating that cultural plan update. But in doing so, we wanted to make sure that we still provided enough funding for programs in 2,025. So that's what that gap year is. Is there. capital highlights. So I mentioned this a little bit. Is that we really a big capital project for us next year. We're hoping that we get approval, for it is really focusing on streetscape renovations. And really revitalizing a lot of the right of ways, and the streetscape. So think trees think the tree grades think Broadway median thing any sort of failing curves those types of things and stop improvements. So really trying to increase a lot of that with so many more people coming up onto the hill, we really want to present it as like

[37:05] this is a beautiful part of boulder love boulder back to boulders money in boulder. So we're gonna be asking for people to come up now to like the Hill Hotel, the the Moxie, and then also the Conference Center. We really wanna put our money where our mouth is and make those investments there. So we as a community vitality, also with transportation, recognize that we're we're asking for some funding from general fund in addition to some support from how about Youtube real quick couple of things Cmgc can contract manager, general contractor, construction, general contractor projects. So we're basically doing like a top to bottom renovation of our garages. Starting in 2,025, we'll do it per garage per year. So we're not closing down massive amounts of garages and parking spaces downtown. Not a huge impact for the hill, but certainly something to just be. Think about. In the area. We're also looking doing some security enhancements within our garages. So think lighting. Think, cell phone connectivity in our basements. Think fire department police radios in our basements. And then, also, you know, security cameras, anything we can do to help encourage a little safer experience in our garages.

[38:21] and then also 1% for public art on capital projects. We're always trying to find ways that we can incorporate our more and more into our large capital projects. So these are the highlights I was mentioning going back to that. This is directly from the city manager's office. We're incredibly constrained in our ability to take on new initiatives and positions. Hence the re emphasis on realignments and really focusing on what can we do with what we have? We're really, really dedicating staff time to really looking at those types of things. Heavy expansion on the capital programs. We are looking on an enhancement on

[39:02] business and employee support within our districts, and how we can use current funding to really help bolster that. So whether that's welcome packages to welcome to the district. Here's some benefits you receive as business those types of things or even, you know, here's some contacts for the police, for how you get a hold of like complaints. So really synthesizing a lot of information that may take a lot of research for business owners or for employees and putting it into a packet. That's really nice for them to digest. So some programs we're thinking about. Nothing's really set in stone yet, but we certainly want to put the funding there. I will say there are some headwinds up ahead. In terms of funding. So if you're paying attention to what's on the ballot this year, there is one specific property tax ballot initiative that we will be voting on this year, and it would put a 4% cap on revenue growth. Starting, I believe, in 2025, so 2026 is when you see the financial impact.

[40:02] But it basically any. It's you could think of it as like Tabor, 2 anytime revenue goes over 4 from previous year. The voters would have to approve the district to retain that 4% increase. So why, that matters so much for you, Jude. Think Moxie think it's property tax valuation. 4% on 39,000. Is not that much right? So you, if we go up $3,500, which I'm going to talk about here in just a minute from the Hill Hotel from the Moxie. That's over 4. So if that valid initiative did pass. Then we would have to ask voters to retain that. So just some things to be thinking about and headwinds that may come up for funding so course, property tax is not the only source of revenue for you. But it is kind of the intent of the district is

[41:01] property properly to set a tax themselves in order to provide the services to the property owners. So if we're having any sort of property tax cap, and it kind of again. Just kind of keeps cutting that. So here's our apple improvement program. These numbers may look a little bit different. Nope. there are some changes to this the one regardless conversation are a little bit different now, but everything else is going forward. So you'll see. There, we're hoping this is on hope to get 1.7 below 1.7 million dollars for the Health Foundation. So we really want to spend some time, some money, not just with the way funding work, but also making it a very nice and attractive location and 250 K. That is just 250 k, that is Youtube. That's correct.

[42:00] And how does that like how do so get towards the mouth from the city's perspective? But how do? How do they calculate? You know what percentage is paid by the district? So we we CD looked at the health of Eugen and looked at what could be potential upcoming costs region from a large capital investment standpoint, and we felt comfortable with $250,000. We really didn't want to push it beyond that because there may be large capital investments. So that's kind of where that number came. Yeah, it's it's less the percentage more. What can you do before and pay for without running itself down to it like where it would no longer have so need to do a large capital investment questions and feedback.

[43:01] The streetscape renovations are they are is that just their actual plans, or better detail? Or you know, you could get a sense of what this might be, or exactly that will be, part of part, is just preparing the irrigation existing meetings, so trying to get the existing infrastructure back to a state of but the 1.7 million. We are anticipating that we want to use some of that to conceptualize. Maybe some broader transformation. Some of the community now, and some further down the road. and transportation has looked at the Broadway medium for a while now, and a good portion of this is transportation request of like, we need some extra funding from the general fund to do the Broadway medium. So Broadway mediums

[44:03] and irrigation is very expensive. So you're spending all the money on things you want to see? Right? And they are. They are starting to think about. How do we plan this without irrigation? Right? So what are some of the species that we can select that help us be more resilient in terms of drought, and be more native pollinators and those types of things? All while also, how do we also make it look nice and attractive? So it doesn't look like the field down to be installed. Gotcha. And one last question. Then just go back to the portion issue, whatever that so like. If if something like this were happening in downtown, they would. There would be money downtown partnership for what? What? Kjet the Cajun would agent would contribute money. And again, same kind of process. It's just sort of determining what? Yeah? So you you mentioned that there is that so? The Pearl Street refresh 2026

[45:02] a portion of that is coming from Ccrs, so that dedicated sales tax for capital and Kjet is investing 2 million dollars. You actually don't see the Ccrs portion here. This is just CD's portion. But Kj is putting in 2 million dollars. So yes, proportionately. Kjet has a different, very different revenue source. They have 5 garage assets, service lots, etc, etc, etc. So they have a little bit more flexibility, and how much they can help produce funding that said, with the renovations that we want to do in the garages very much needed. We don't want to spend so much so that we then take away from its ability to just maintain its own assets. So very similar concept, like we did with Youtube, we have assets that we need to maintain, we have capital investments that we need to make. What could Kj forward with while still being able to maintain a fund balance that's healthy enough to a last throughout its lifetime. But also B produce enough capital investments that these assets maintain at a level that's high after

[46:10] providing good service to the 1.7 is is specifically worked by forestry transportation, 455,000. So the remainder of that would be sort of extra to be able to try to do other things exactly. And there's a chance, because you were talking about earlier. Can budget 1.7. The very 1st thing is whether or not it gets approved. There is a chance that by the time ends everything come together that actually starts rolling into a future year. Well, my hope is that by the time we understand what's kind of been approved, if you will. Technically, we don't have approval to like

[47:00] end of October this year. Right? But we'll have a good sense. So we're gonna start doing the planning now, cause we really want to start hitting the ground hard. Right? That's the biggest thing we've noticed is. we're we're planning for 2025. Right now from a budgetary perspective. We also need to be planning from a what are we actually doing? Perspective as well. But it's it's the chicken in the 8. Right. Do you make the plans and spend all the money making all these nice plans, and then ask for the money, or do you ask for the money and then make plans? Right? So it's this delicate balance of staff time and resources, not just financially. But how do we really get ourselves in a position that when we're ready to pivot, we're capable of doing so. So we we transportation really has those plans flushed out for Broadway, so I think they would be ready to jump on that pretty soon. And I'm speaking on their behalf. So transportation system. Maybe they'll say something. But in terms of the other things, the other beautification. There's a lot of things that we can do that could happen relatively quickly. Think trees and tree braids signage. Bus stop transit stops those types of things that we could do pretty quickly

[48:14] within a year. For 2025. We would not spend all of that money in one year. I I think it would happen. Maybe we get really lucky. We have the flexibility to be able to do that. But just knowing what happens with things change accounts, priorities change these types of things. We always want to be aware and give some flexibility for some of that dynamic. But yeah, that's the intent is to get all of it done in 2,025. Whether or not that would have to happen may not. But being as it's capital in nature, it does have that different color. So it has the role to be used for next year. Unlike our operating budget, which has to be reappropriated and shepherd

[49:01] any questions. just a comment to make. It's a recurring theme for this condition. When you look at the district fund and we look at what our reserve is. the fund balance after services reach 2030. We're we're really facing some headlines there. And if what we're seeing is that we may not be able to diversify our portfolio through property tax revenue. We've really got some work to do. We've got. We really gotta figure out what we're gonna do to generate some sort of funding for this district. In order to just keep a laptop. So saying this out loud, all know this current thing that I've heard a couple of times, but it's seems concerning to me. despite that I generally support the idea of making capital expenditure priority doing those things because the district needs it desperately. So

[50:10] contradiction there. But yeah, let's spend money and hope that somehow we can come up with some planning to figure out what we're gonna do to short balances. you know I'll pile onto that and just say, Well, first, st thank you for that really good presentation. But but I I think people are thinking about this. But I wanna you know, I know that. is it the downtown? A renewal comes up in 2030. Is that right renewal of is it for the TV. The the renewal renewal is there, you know, if they're there may be synergies with. So we're getting a little bit at ourselves. We have mattress asking here for our next agenda item. Once we've maybe gotten the motion approved in support of the draft budget. Then we can start getting into some of that work that's doing that forward thinking around all of the districts to manage and exploration of possibilities to to pivot to

[51:25] Yup. So that's next on your Jeff. I move to approve the 2024 community vitality, proposed budget, including 2024 to 2029. Sorry. only 25. I don't know how that got you. That's what it says. I recommend approval of the 2,024 community vitality.

[52:01] The region. The Commission recommends approval to 2,025 meeting vitality for post budget, including 2,025 to 2,030 capital group. Second, that any discussion. seeing none at the all, the vote, although it's in favor of motion table type. Motion passed unanimously. That's good. Thank you for the presentation, and we'll keep you posted on how the budget needs develop as it goes through the whole citywide process. So more to come as well. Fewer of things, you know. I just next up, we have, Matt say, asking to provide an update on where we're at with the district outlook work system, part of the council priority around commercial area connections and all the life improvements. And so Matt is our project manager course with me and his team.

[53:14] that's team. But you know, anyhow, you know, working on developing a scope. So we don't have a big item for you today. But just wanna keep you up to speed on where this work is active. We're pointing to it. In your comments from yeah. And it will be really quick. But thanks for the great segues into the things that we need to talk about about future fund and our ability back to long term planning. What we need is vision. And so that's what this is really about. So the district apple analysis, as I said, is going to be the community vision working on the long term tools that you and the Council Support Directors need to deploy or to achieve the vision. And so a lot of the tweaks, a lot of the

[54:07] the long term capital. And the planning is gonna be a part of that. So my very brief update is that a work continues on this we have, since the last meeting had a couple of changes in the timeline. We hope to go out onto the streets for an Rfp. For consultant in the coming weeks. But our real deadline is a September, 19th City Council meeting, and be around that time. That public engagement will start so between now and next time we meet we hope that we have a couple of advancing steps on that. But really what we'll see as far as the actual visible part of the work will happen late September. And then continue through about that same time. Sure, just to point to to what you all are alluding to around possibility that we want to consider for you, Jen, as part of a bigger process would include things like, Do we want to pursue the existing

[55:10] property tax? Do we want to dissolve the Gid altogether and convert it into a business and prevent district like the downtown border partnership takes over. Those are all the concepts that are in the realm of possibility in this conversation that we want to have with you all, with other stakeholders, with City Council as the Board of Directors of the of the so just wants to know that we are certainly contemplating all these things. And gonna be having a lot of stakeholder interviews and and engagement to form further recommendation. What the next steps are to look forward to have a a better fun, health or a better, you know, more promising long term plan for for what we do with the assets that we manage. And

[56:03] so that's that's included in this work. And so right is there? I'm assuming it sees the staff meal in the presentation. But the City Council's got so many moving parts things to think about as they think about these types of issues. I I guess. Is there anything we can do to emphasize the council sort of this somewhat dire situation that you know we may be facing the next number of years. Is that largely just going to be through your briefing process to counsel? Or is there anything that if there's anything that this commission do to emphasize that, let us know whether it's a resolution whether it's something else. It's pretty. I think, that there will be opportunities. Later on down the process. Our 1st touch with council display session is just daylight. Some of these issues. You you all, as well as Bja, have been raising some of the challenges in the annual letters to council, so I don't know that they're really naive to the challenges. It's just not rising to the top.

[57:21] with the exception of this whole connection, from downtown to university health, so they are really focused on that. And we're tacking on to that interest. Say, yes, we wanna work on these things. And we wanna figure out a way to implement whatever it is we're going to do to solve that particular priority. But at the same time, we need to have this product conversation. And so we're gonna use a study session, September to daylight. The challenges with how the districts are currently being managed. And include that in the narrative. So there will be future meetings further on down the road an 18 month process. So through this 18 month process there are going to be some opportunities for you all to pass some recommendations, resolutions, saying, This is the direction that you can't see, advises Council to go as the Board directors of Eugen

[58:13] or where we had. So now we'll certainly provide you with opportunities to formal commitment toward a specific action. If if fucking down on that, you know. And to your point. It's like in this process. we'll be updating the regular these meetings that you'll be representing the group and some deeper consultations. And so making sure that the recommendations in this document lead us in the right direction, and then endorsing it at the end, I think, will be the biggest. So the engagement of this commission begin after the study session in September, and then proceed for a period of 18 months. There will be, yeah. A number of questions. This terrifying

[59:03] thank you. Thank you. Alright. The next line from staff shows Ellie at the Banti. Talk about revenue optimization, I think. Okay, Sam from. So this is a result of the motion from your last meeting, where there was a request for Staff to explore possible event pricing for the 14th Street lot. So the team has done some work and analysis since they want to share some information with you all today. We have some recommendations where we think we should probably go if we want to try to drum up more right here. But with that I will hand it over to Sam. I've met the commission. I'm I'm Samantha Brownberg. I'm a senior project manager. I work more on the parking and access side of things. So I I've come a couple of times. But you I may not be on your face. So Elliot and I have done some work looking at Revenue optimization for the 14th Street block. So context, I'm sure you know where it is. But it's big red box there.

[60:16] Key statistics right now the charge for the lot is a dollar 50 per hour. There's 4 h maximum. There's 50 spaces, and most stays are around 1 h. some utilization is down below. So that's sort of like capacity over time. That's over the course of an entire calendar year. So it's very much like a macro view. You can see that it's most utilized from school year. No surprises there. It's fairly under utilized outside of the school year, and during school year. It's, you know, peak occupancy has happening around midday. Compliance with parking regulations has been found to be an issue in this area occasionally, I'm sure that's not a surprise.

[61:05] Alright. So this is a look at 2023 compared to 2022 on the left there's a heat map based on the distribution of the duration of stays. That's where you can see that most days fall within that 1 h time period. Revenue has actually gone down year over year between 2,022 and 2023 for the lot. And there's some information about revenue for transaction. I want to note and sorry I didn't mention earlier. We close a lot for a period of time in 2020, through half a lot and least out to the adjacent construction budget, so that might be artificially low, because we did get like $20,000 from $20,000. They also damaged a lot in a way that we were not anticipating. So we are getting ready to read. Anyhow, there is a reason why we maybe had a loss in Park, Birmingham

[62:20] great. And then this is just looking specifically at the summer months when the lot is least utilized. And this is very similar, like year over year numbers that did the least happen during this summer. Okay? Well, then, the summer into the early fall. Great little additional context way finding signage. Since this picture has been taken that size now removed because can't really read it. But we do have. We did have some way finding signage around the district to kind of guide Parkers to the locks. Obviously it was pleasant and 14

[63:03] but that kind of represents opportunity which I'll get into later customer feedback, I mean. Everyone struggles to find parking on the hill. Residents, businesses, and employees like, and I think a lot of folks are unaware of the location. Unfortunately, because it's kind of in a strange place. It is a little bit hard to find into it. Chemist mark little bit of market research. This might be new information hopefully. So the lot. The 4th century lot is in purple, and then I've circled some of the other lots that you can park at in Red so on the bottom left. That's the price they do offer permits for this lot. They cost around $80 per month and then see a lot 65 up at the very top. That's hourly. It's $2 and peak at $1 times. That's consistent with the parking across the entire ecu ecosystem. It's all pricing and they do have a commuter. Permit lot just to the south of that which is around $60 a month for a permit

[64:06] question on that? Do they only sell this to your affiliates, or who I believe they only sell to students and faculty? But I've not had for certain. So I think so. Are any of these they sold out. They, I mean, typically, see, you sells out a lot of their permits. I didn't. I haven't checked for these specific lot for the specific unit a lot that's off campus but I have heard that it is very competitive to get permits onto you. Yes. along those lines we didn't include in here is, we have 50 permits. Let's see, this made available in the brand new area to University help. Employees so nonce affiliates are eligible for permits. In the Grand View area there is quite possible, especially if these 64 permits are under utilized, so we might be able to open up some of those to

[65:10] University Health Place as well. We could certainly have that conversation. They also offers day passes for their service lots on campus by $10 per day. So some of the opportunities that we could explore, you know, parking permits is, the is monthly permits could be sold in limited numbers, you know. Not 50. We don't need to have it be a permanent lot. We could sell some permits for that lot which would create a more consistent revenue throughout the entire year, especially summer months, when it's less utilized. And it would be great for employees who need to start from 4 h. We could consider revising the time limits for the pricing of the lot. Right now it's it's 4 h, which is great for seeing students who are in commuting. If they don't have a commuter permit, if we reduce it to say 2 h that might discourse you students, but encourage more of like the patrons of the hill, and a little bit more. Turnover, so as long as you consider, and then the pricing as well. You know, this could qualify for performance based pricing, you know.

[66:22] we could raise that to $2, which would be a little bit more. What cu is charging for a good part of the year and for wayfinding 14 street lot and then event pricing is another thing. I know that this commission is expressed interest in that could be explored. And we got a little bit more information on that shortly. So we did look into the special events. The possibility of it. See, you campus, you know, they really don't have like shopping or or business district, right? They really only have like people coming for school, and then the people trying for events. And so that's kind of one of the drawbacks to that event. Pricing is that if you're filling up a lot with people who are coming for an event, then you're there's no spaces for people who are coming to shop. And so that's something that could be good to think about. You know, there's cost implementing it.

[67:15] there's additional concerns around having event pricing sorry, not tail getting concerns. It's a little bit further for people to walk to the events than on campus. and you know. maybe we would make 12 grand a year if we charge $20 per vehicle for all 50 spaces. So this was kind of what we yeah, I would know that that is, that is very optimistic calculation. We don't charge for parking on weekends the 14th Street log. We did not see any incremental increase in parking activity. Sorry charge on Saturdays for 4 h time, period, a dollar 50 per hour now rate compared to what features? Not a meaningful increase in

[68:11] utilization on big special event days currently in the slot we have marketed as a great place to park for an event. But we aren't seeing folks currently feeling like they're getting a great deal. This lot, when there have been big events going. Is there a 4 h maximum? So if it's an evening game depending on the time of the game, I mean, I just think you're going to go to dinner. You might leave your car there. You could change it on those days, cause I wouldn't work there if there was a 4 h limit around 3 o'clock. 4, 5, 5. Yeah.

[69:06] Well, but after 7 it's free, it's free. So if you target 3, you pay for your 4 h. not publicized, where you can actually click and see the regulations, the timing and pricing online. So that's something we could look into. If that was a desire, and it's changing like the time limits specifically for special events days. It does make it a little bit. It's it would be complicated to like. go down and like, change the signage for those days. You would need extra staffing. So there's some there's some costs associated with, like you know how to market that. I communicate that and let people know that's an option, but it's it's on the certainly not off table.

[70:03] But we what we also looked at was these long term parking permits. So pleasant Street model was that the parking permits were $210 per quarter, so somewhat similar to what seems charging for their computer lots we offered 44 permits, and there was only there was 62 spots in the lot, so we only sold about 70 of the spaces to to this permits. So for the 14 street lot we could do something similar. We sold 70 of the spaces that would generate $28,000 a year at $200 for so little bit greater implications with the permits than with the event pricing. But there's nothing, you know. There all options. Our recommendation is to start by introducing a number of long term permit sales. A small number. At 1st we could explore dedicating those spaces department parking only, or we could explore whether that's necessary or feasible. We could also explore

[71:02] either reducing or increasing the time limit for the other spaces, or raising the pricing to $2 an hour to match you pricing. So these were. These were some of the recommendations based on the research that we did. And oh, well, I know you don't know. Well, my, my next thing is questions. So I don't know. Have you talked to the Moxie about dollar parking, cause they're buying spaces from. See you and that project be done. Talk to them. I talk to them. But they have. I've been in my garage currently, so hopefully, under utilize so much. Yeah. Well, they are supposedly gonna buy spaces. That was if they needed them. See you not brush? Those will be expensive spaces that brought. Yeah. Well, so I don't know.

[72:02] And the the peak seems to work really well with like the summer, and you know some of their synergy overnight like. So they, you know. The idea is that about they have a I don't use it in La. So we we would treat the Moxie like any other business owner and district, and so if they wanted to purchase, if we sort, we've not sold contract permits for the slot tradition. If we were to open up 35 permits, anybody could buy them, including the Moxie or individual, they're not being restricted. As long as they're in the district they'd be eligible to know typically lots that are shared between permits and people paying hourly parking don't guarantee that there's space unpleasant. Didn't we have signs up for metered parking? Only pretty sure right summer. But if we were to sell permits in this lot for when season session there would need to be permanent as a business owner, you know. I think it's very 10 or 11 with the city right now. Parking permits. And I'd gobble them up really quickly, because that's close.

[73:22] Yeah. So from that perspective, what does that come out to? $53 per permit a month. Is that correct on that right? Well, so we always want to be cognizant, though forcing the market right? We don't. As a government entity, we don't want to force the private sector to raise the rates, so I always have to be on par with market. We don't want to be driving. Sure. We also don't want to be undercutting the market either, and taking advantage of hey? Would you prices to bring in all the customers? Right? So we kind of want to follow market trend. So yeah, we may be able to increase it. But at the same point, then we would be forcing other companies that raise their rates, and then we get into this weird.

[74:09] And who is that on the hill besides the church? So now we have government, church and State, but they're at 80, just about just about so they're they're just under 200 a quarter. but they sell me any licenses. I have several questions. One that I'll start with. Do we have any information about how many employees currently use a lot? How many actual workers for Hill businesses are using a lot? I don't know. There's easy way of figuring that out to Tennessee. I know I'm at 0 right now. so to tell us, at least for my minutes. Oh, your shift would have to be less than 4

[75:01] employees to partner for 8 h longer, and that might change how people use what I'm saying. An employee could use it from 9 to 5, I think generally I just don't. Where I said my opinions that that have like highlighting information, could be really beneficial, particularly if there's an appropriate amount of communication with whole businesses. So they know this programs coming online. The next question that I have is an unknowable question, probably. But what is the demand for parking going to look like once the garage opens for the limelight hotel parking garage, because it's a fairly large. Most of it is meant to backfill parking. It was eliminated, for, see you, when they built the hotel, and there was a lot of parking, and I work right there, I'll tell you. Parking has been atrocious.

[76:01] particularly during school year, so understanding that relationship may also be helpful. But it may mean that we need to strike up now and get this lot activated prior to that and getting permit holders and others where it is something that they should could and should be using it'll be more affordable. Then what's used? I think I pay $70 a month. So yeah, I've I'm grandfathered in on some deals. I've worked for us 2,006. So I'm imagining those parking limits are gonna be exceeding $100. That's a guess. Yeah. The city does have a performance based pricing process downtown. So I think that we what you're talking about is spot on. But we just need to be responsive to what is the need. Right now and then, as the environment changes around us, we start to adjust again, like our job as mission as as representatives of Eugen is to respond to what the community's needs are. So yeah, being as dynamic as possible

[77:06] back to the recommendations and price line the raising, pricing to 2 h, $2 an hour seems perfectly reasonable, and probably exactly there. I think that that seems like a no brainer in terms of regulations. Well, I I mean, I think people also like parking a service lot. So there's some advantage. When the corporate I would much rather park in 14th Street garage when that. But I do think that the signage is really important. I mean, I just be nice to the person below Peace sign for parking when you're doing the wayfinding. And this big project you're doing. I think that could be

[78:05] something fun to play around with, you know. introducing the mural. I don't know, like making it more stand out. They're scary. There's a lot of people. It's just it's a known, and you know what is happening. I've been trapped in garage to try to get out like I don't know I would all day long.

[79:04] or like a hot car. Alright, so there you go. That'd be a ticket? H. Well, so I don't know if we need to do anything. Do you need something to take action on these recommendations? Is my 1st question, and we just generally voice approval for these recommendations. And then I also just want to open it up for Commissioners. If there's anything missing from this that you want to make sure I know what we started with special events pricing somehow that might be an idea. I don't want to necessarily dismiss that, but it does seem like there's been some good information providers here today that makes it seem like to mix back. And might I offer that we could way that we could do both is if we were to eliminate the 4 argument and increase to $2 an hour. But the market decided not to leave your car for 5 h, which is what we would probably be talking about for events, anyway. So we just we could market it as a great place to park your car during an event in the summer? And because it doesn't have the 4 h time limit, and we're pricing it in a way where we're

[80:24] make a lot of money. People decide, do that. We're not eliminating the possibility, which is our number one priority of the folks who are trying to serve are the employees and the customers of businesses making sure that they have access as well. So I feel like if we have your support, Matt. There are ways that we can still market that parking at the slot. Try to drum up some revenue in that way without having to create a separate product. That's like trying to get $10 the moment that somebody showed up cause. There's some administrative burden on that as well, and and so trying to get $10 and every single person

[81:08] pictures of her question. I support that, and and the only other thing I would add is that, you know, obviously subject to whatever the city's policies are with respect to through meeting the market and whatnot I mean, I would. I would not see you on everything, not just the hourly, but on the monthly, because I mean even to get a see, you permit. You gotta have a special. You're a special person, right? And you can get it. I can. And so at a minimum, we should be collecting the same. I don't think we'll push you to raise the rates. I'm guessing they're sold out to. The cost is around $60 a month. They'll go back to that that neighborhood under so much parking pressure, because they just took all those parking lots offline for the athletes court developed. Well, so we have employees who we hired a year. I have 2 employees on my staff. We're hired 14 months ago, and they're still taking the opportunity to buy. 14 months later.

[82:12] Lot of people didn't save a job for 2 months, and here they are still waiting for parking, and they're they're commuting from Blue Field. It's not like they live down the street. So they're having to go into the neighborhood and find spots in the neighborhood. It's untenable, I think that side of the street is really close. None of those houses have very good parking, I mean, and it would be again. It's closer to where you live versus where you go to schools. They're right there they have. Well, our other challenge, especially in the summertime, is working with free parking. Most of the street parking in the area surrounding the commercial district is free. And folks much rather circle and look for a

[83:02] a free spot then, pay for a lot harder to find a free spot when students are in town. What we do downtown as well as we. The permits that we sell for the downtown for our response are only for employees of a downtown business within the boundaries, so that might make sense for you should as well say we'll sell a little bit of number of permits, but only if you're an employee of the district. So you know it really benefits the district in that way. Valley, you said 50. You said 70. I think mine is late, say, $67 50. It's worth checking. Yeah, it looks like from the market research. We did for that about 64 for the permits like 2 40 semester. Of course, semesters don't go over the summer and fall, so $60 a month is all. So we were to charge $200 a quarter is roughly 66,

[84:01] $3 month. So we'd actually be a little bit higher. But of course we would have full year access, and it would be specific to employees or user staff of them maybe turns to you. I was wondering from a from a perspective. If is it always are there weekday per minute. Is that an option in the law like that? Or you could. So it's not a product that we offer currently broader conversations. We are having in our work is exploration of other types of products, especially as we are transitioning from our former one of sales. System. T. 2. The new point of assistance called Ames. It does have some more capabilities and dynamic products. We do see a lot of folks who are not coming Monday through Friday, right? Like they used to. So we are certainly investigating those parts, for you know, garage type permits and other permits. So

[85:03] something for us to to consider. And I was yeah. that it was just Monday to Friday, because I tried to rent the office 3 different spaces. There's no parking. So I ended up not moving my business today. Because there's literally nowhere. If you have 5 or 6 right? And so that's the thought process there. And knowing there are a few offices up there that are unleashed. that it's made it out of action here. the overall district in this email. But people don't park there, and historic weekends. Maybe if you're working at the same retail location wouldn't. but it now would just be what it means. Capture both. And I think some of this really drives well with the district connections component is if we do barriers. So cars are one way to get to district or anywhere, right? But there's a lot of other means of getting to districts.

[86:00] So if we can remove those barriers for those other needs, we can make it more attract to take those other means. And hopefully, it's kind of like we need to do this and this and that right? So this is just one piece of the puzzle that will help us meet that demand and provide that access. So that's something that we're constantly thinking about. That's a lot of what Matt's work has been, and it's like, how do we? We have a lot of parking in downtown, how we make it really easy for people to park in downtown and get to Youtube right? Maybe you want to be on your campus. There are, I think, some real opportunities ahead of us that we could help bridge the gap, so to speak. so that we don't have to think about it. As we need to put cars in Youtube like we need to put cars in Youtube. And we need to make it easier for cars who aren't going to be huge for the people to get into Youtube as well, so I think there's some other investments that we can do. But yeah, you bring up a good point is right now.

[87:11] Parking is is kind of. We're a society built on cars. So we have to remove every barrier possible for people who don't want to be in cars for people who are on the fence of not being in a car to make it so that they will make that change. And that's really where we should make our investments. In addition to, we're never gonna get everybody right? So we need to provide that. But there are a lot of people we don't care. This is a recorded meeting from Longmont. So I'm different. Does anyone so like with the boulder auto? I know the valet works that anyone can use the ballet. Do people ever do that, you know. So they're not staying at the hotel. Right? Okay? I just feel like that is very interesting to me that there's there will be dedicated staff moving cars around to be very efficient with cars, and like they could double park cars. And

[88:10] you know they I don't know. It's just with the new hotel, like people like convenience as well. And so you can park things much more efficiently when you have a staff person. and and I don't know if one light will have the same kind of about. I'm assuming they'll have 24 7. So to me, that's a very interesting like. how do you get people to like? Oh, and then that they're paying $25 for that la Service will easily pay 10 bucks to park it in our law. Right? So I just, I don't know. I think, having that staffing of these hotels is something. Just think about something that we've been people moving part of this whole thing is probably some marketing and outreach material. You know folks have a perception that it's impossible on hell, and so they're not going to locate their businesses up there. But maybe there are actually options. We just they just don't know about and how do we make sure they're aware

[89:10] just for setting expectations, because on the surface it seems very easy to implement something like this. But how long would it take? Or is there any approvals through city council that would need that we could need in order to start issuing a lot like this in this part of our annual update to council changes that we're making might not be overnight. But we can start next January. We can start with the pricing changes that will work best for communications and make my fundamental life a lot easier, I'd appreciate it. Well, we may want to revisit this in a year, and that would be. The other thing I would point out, is a lot of things that you brought to the table, I think.

[90:04] require some examination. Once we see more numbers come through. And did did we have an effect here. Did. Isn't the intended effect? What are we seeing for market forces elsewhere? That kind of thing probably makes sense for us to continue examiners any other concern? Yeah, if we could, we see the numbers that you just showed up there but 2 years prior. like the last 3 years or whatnot, just so that we don't have that summer stall for the construction. And just see, is it increasing? Is it not, as opposed to some are on the same years right now, all the way through moving. Just kind of strange that end it. I think, to note that the reason that we only have the lot, because traditionally, during the summer the lot is less than utilized. So our goal was to both get revenue from Parkers and one half a lot and revenue from the

[91:00] developer on the other app, so we could certainly look. See if there was a what the trends have been cool for sure. Just rub. Yeah, yeah. World changed around us like we're seeing in downtown. We're seeing that before Covid, some of our highest parking rates were during the week and 95. And now that's not the case. It's evenings and weekends. And so the world has changed in ways that we didn't expect. But I think we certainly want to monitor worst case scenario. We sign some spaces as permit, only we don't sell premise. At the same time we raise the rate to $2 per hour, and then all of a sudden was like, I'm not parking there anymore. And then our revenues put down as a result of our tweaks as opposed to. That's worst case scenario that's going to happen. But those are, you know, that's

[92:13] that is in the realm possible. It sounds like just in this room. There's enough demand for permits to fill. One thing we could do quickly. Now that's what I just wrote down. Put up a couple more screen peace. 3 piece. That's true. Do you have a minute for parking. Sam? Thank you for this work. I appreciate that

[93:01] excellent thank you very much moves to matters from commissioners. You can't see by monthly meeting update. We have another successful by meeting. Meeting. Thank you for that. That was very productive. I would like to continue this. You all are willing. We missed you that day. But that's okay. You were anywhere on Tab. but we might not have adequate might not have been adequate, but they communicated to you. So, having some calendar issues with me. But honest, I remember, I changed my email address, and I think if that's why I had the old invitation ended up the wrong building, so I could have been gone. But when was the meeting? It's about a month ago. No apologies necessary, so I'm trying to recall Lauren. I don't know if you have it off hand who is on tap for the next one. Me and Trent.

[94:20] Yes, I get the invitation every time. So oh, sure enough. But now I understand. What do you have? August 13, th 13, th and I think the party is June 11, th you know, plus. hey? One Pm. And June 11, th June 11.th Yeah. But here's the thing. I think Chris is right. I think the communication on this is not 100%. We're still kind of getting this figured out. So so the second time we've had one basis. These are off cycle meetings that are because there's only 2 commissioners present. It's not publicly noticed.

[95:06] kind of it's kind of our 3rd one, because we had one, just the 3 of us at Sync, and it was weird because I was scheduled 1st and then Danica came aboard, and then we got switched. So I think that's where that's okay. It's it should be a calendar. So August 13, th yeah, but that's going to be tell you'll you'll end up incorporating. You'll have it next year. Don't worry about it. So everyone's the next after that will be October for September 10.th That's right. So that's what we we change the meeting invite, and so maybe everyone didn't get the invite change.

[96:01] I will ask the team to do a deep dive into the calendar, manage calendar. Yeah, I apologize that this is this part is weird. You said, October 8, th I do not know what day. Okay, whatever something I can tell you. Yeah. 12 pm, okay, that's the meeting. Yeah. okay. that'll sound right to me. We'll see you in the next one. Hello! It's interesting. You were all invited to the October 8, th yeah, okay. yeah. But we don't. We will do it enough on the invites position. Only the chair plus one

[97:13] situation. Our apologies was really funny. I was on the meeting. We are still meeting one last thing here. Any other matters from commissioners they want to bring up at this point. I just wanted to say thank you to the city. This whole crew doesn't here. I haven't been here long, but I'm really seeing the quick development of things that are happening in a good way. So meetings on Friday they listen to go run claims and suggestions. Yeah, no, worries. Don't use your words. Pictures only anything else. For the good of the order.

[98:03] Any is a church.