MINUTES OF REGULAR MEETING OF
THE HEALTH, EDUCATIONAL AND HOUSING FACILITY BOARD
OF THE CITY OF MEMPHIS, TENNESSEE
Wednesday, November 2, 2022
The regular meeting of The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee was held pursuant to public notice published in The Daily News on Wednesday, October 26, 2022, and posted on the Board’s website at: www.memphishehf.com. The published meeting time was 12:00 Noon. The meeting was held in the conference room in the offices of the Board, located at 65 Union Avenue, Suite 1120, Memphis, TN 38103.
The following Directors were present:
Daniel T. Reid, Chairman Monice Hagler, Secretary
Buckner Wellford James Jalenak
Cliff Henderson Katie Shotts
The following Directors were absent:
Dr. Manoj Jain Sheleah Harris
Staff and others attending: Martin Edwards, Jr., Stephanie Wright and Bryce Miller; Charles E. Carpenter and Corbin I. Carpenter, General Counsel; Samia Mackay (attending remotely), legal assistant to General Counsel.
Also participating via remote Zoom virtual platform and/or in person were John Shepard and Laura Catherine Wallace of Elmington Property Management, LLC and Pete Ezell of Baker Donelson, PC representing Tillman Cove Apartments; Tom Mignogna of Millennia Housing Development, LTD representing Memphis Towers; Phil Wazonek of Distinct Real Estate, LP and Joseph Aldridge of Apperson Crump, LLP representing Crane Manor Apartments; Elizabeth Friary of Evans Petree, PC and Mendel Fischer representing Eden Pointe Apartments and Bridgeport Manor Apartments; Elizabeth Friary of Evans Petree, PC and Menachem Gansburg representing The Villages at Harrison Creek; Rachel Stenger-Wiley and Stephanie Reed of Odin Properties representing Creekside Meadows Apartments; Mark Jobe of Glankler Brown, PLLC and Yitz Horowitz of EVU Residential representing New Horizon Apartments; and several members of the public were also present.
With a quorum present, the regular meeting of the Board was called to order at 12:00 Noon by Daniel T. Reid, Chairman.
Chairman Reid stated that in compliance with the Open Meetings Law codified in Section 8-44-101 to 8-44-108 inclusive of the Tennessee Code Annotated, as amended, The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Board”) is holding its regular meeting on Wednesday, November 2, 2022 @ Noon as an open public meeting in its conference room located at 65 Union Avenue, Suite 1120, Memphis, Tennessee 38103.
Chairman Reid stated supplemental Board meeting materials could be accessed on the Board’s website: www.memphishehf.com and reminded all attendees participating via remote access to enter their name and affiliated entities into the ZOOM platform for record keeping purposes.
Approval of Minutes
Cliff Henderson moved for approval of the Minutes of the October 5, 2022 Regular Meeting, which was seconded by Katie Shotts, and the motion passed unanimously after proper roll call vote of the Board members.
Finance Committee Report
Cliff Henderson presented the financial results for the month ended September 30, 2022. After discussion,
James Jalenak moved for acceptance of the Finance Committee Report for the month ended September 30, 2022, properly seconded by Monice Hagler, and the motion passed unanimously after a proper roll call vote of the Board members.
Attorney’s Report
Charles Carpenter presented the legal report, as follows:
1. Carpenter reported on one (1) new claim or lawsuit filed against the Board, as title holder and PILOT Lessor in connection with one of the Board’s PILOT properties, being a Notice of Non-Payment, re: The Sherwin-Williams Company v. Forum Flats Apartments, et al. Carpenter reported that this claim is for less than ten thousand dollars ($10,000) and his firm will communicate with the PILOT Lessee to obtain the necessary background and information and coordinate the prompt adjudication of the claim, will continue to monitor the claim and keep the Board advised.
2. Carpenter then reported PILOT property activities in the month of October 2022 for
a. River City Heights PILOT Transfer closed; utilizing Freddie Mac financing.
b. Charter Oaks PILOT Transfer closed; utilizing Fannie Mae financing.
c. Sunrise Villas Refinancing closed; utilizing Fannie Mae financing.
d. Summer Trace Apartments PILOT Termination due to the expiration of its ten (10) year PILOT term; no PILOT extension applied for.
3. Carpenter advised the Board of two (2) PILOT properties that have been issued a Notice of Non-Compliance, (i) Creekside Meadows (f/k/a Bent Tree) and (ii) New Horizon Apartments. Carpenter advised that each property will be providing a status update on the agenda of the Board and comments regarding each property would be reserved until that time.
4. Carpenter reported for informational purposes on Hillcrest Apartments PILOT property, stating that the property was approved for a PILOT transfer at the Board’s August 3, 2022 Board meeting, and had been a part of the Board’s Bond program. Carpenter reported that the Bonds have now been paid and the Board had been requested to terminate the land use restriction agreement. Carpenter stated that because of the tax-exempt status of the bonds, even though the bonds may have been paid, the land use restriction agreement (a/k/a rental use agreements) must be managed and/or terminated to properly protect the Board, bondholders and the tax-exempt status of the bonds. Under Board policy, Board Legal Counsel must ensure proper notice is provided to bond counsel for evaluation and to obtain a no adverse opinion addressed to the Board from bond counsel before the land use restriction agreement can be terminated. Carpenter stated that his firm now has a draft of the no adverse opinion from Bond Counsel, Adams and Reese based in Nashville, TN, who served as Bond Counsel on the Hillcrest Apartments financing. Carpenter stated that once this process is completed, the restrictions on this property will be released.
5. Carpenter reported for information purposes that there are three (3) bond financing matters that his firm has been processing with the developer and members of the financing team that the Board has approved for re-issuance in June 2022, to wit: (i) Cavalier Court Apartments, (ii) Gospel Gardens Apartments, and (iii) Hope Heights Towers. Carpenter advised the Board that these closings have been delayed because of supply chain issues, rising costs, and rising interest rate environment. Carpenter further advised that written notice had been received stating that the closings will take place before year end 2022. Carpenter advised that these closing will take place separately versus all together with Hope Heights Towers scheduled to close within the next two (2) weeks and Cavalier Court Apartments and Gospel Gardens Apartments would close during the month of December 2022.If the Hope Heights closing does not occur as indicated the developer will be requested to appear at the next meeting for a formal update. Carpenter stated there is no further action required of the Board at this time and he will keep the Board advised on the progress of the closings.
6. Carpenter reported on MH Strategies, LP and MH Strategies II, LP, stating that this is a joint venture of public private partnership with Memphis Housing Authority (MHA) and both projects have been approved for bonds and PILOTs and have received additional allocation to meet their fifty percent (50%) test through Tennessee Housing Development Agency (THDA). These allocations were awarded just last week, and these projects are being financed through HUD financing, which is being delayed. Carpenter stated that what is currently required that THDA tax credit allocations have to be closed by December 15, 2022, and the parties are agreeing to go forward with a bifurcated closing. The closings for THDA allocations will be closed before December 15, 2022, and separately, the HUD and PILOT Closings will be completed in the first quarter of 2023. This will allow the developer to receive the benefit of the tax credits that will be done by December 15, 2022 and then the benefit of the HUD permanent financing and the PILOT during the first quarter of 2023. Carpenter reported that his firm has been working closely with the financing team and conducting weekly meetings and anticipates the THDA closings before December 15, 2022.
7. Carpenter reported on the status of the bond application for New Washington Square Apartments, stating that this project had been approved at the Board’s October 5, 2022 Board meeting for six (6) month closing extensions on its bond and PILOT commitments from the Board. Carpenter advised that his firm has received no information on whether the project will be approved for the 2022 THDA allocation. Carpenter stated that his firm will monitor this and keep the Board advised.
8. Carpenter advised the Board of two (2) additional bond financings that were awarded supplemental allocations to meet their fifty percent (50%) test through THDA, (i) Tillman Cove, and (ii) Memphis Towers. Carpenter stated that these two (2) projects are on the Board’s agenda today for Final Bond Resolutions and are scheduled to close by December 15, 2022.
9. Finally, Carpenter advised the Board that his firm will be conducting TEFRA Hearings on Thursday, November 3, 2022 for (i) MH Strategies, LP, (ii) MH Strategies II, LP, and (iii) Memphis Towers.
There being no further questions or comments, the Legal Report was concluded.
Action Items-
1. Final approval of revised (i) Board PILOT Application, (ii) MHA PILOT Application, (iii) Board PILOT Policies and Procedures, (iv) MHA PILOT Policies and Procedures and (v) Board Bond Policies and Procedures
Corbin Carpenter presented this agenda item by indicating this process began with Board staff in January 2022. Carpenter stated that through taking input from Board members and through his firm’s experience navigating PILOT and Bond transactions, Carpenter and Board staff were able to put together revised policies and procedures for the Board, and the respective applications making each more comprehensive and providing additional clarity and guidance for all. Carpenter stated that these revisions reflect the current environment and addressing different complexities facing each type of transaction. Carpenter reviewed the major changes that have been implemented within the policies and procedures as follows:
A. The definition of Qualified Tenants was revised to require at least forty percent (40%) of the completed units of the project, at all times, shall be rented to and occupied by families and/or individuals whose income is sixty percent (60%) or less of the area median income.
B. The Tenant Benefit definition was revised to provide clearer guidance and examples of the requirements and expectations of Tenant Benefits to be provided to the residents; as well as, activities that do not qualify as Tenant Benefits.
C. Disclosure requirements were revised enhancing PILOT internal and external monitoring and compliance, in addition to, the quarterly and annual reporting requirements of the Lessee.
D. Due to increased costs with external monitoring and the annual audit we increased our rate that the Lessee is annually charged for residential rental units from $12 per unit to $14 per unit, effective January 1, 2023.
E. In accordance with the increased diligence and oversight required due complexity and nuances for current PILOT and bond transactions, the PILOT and Bond application fees were increased to cover the additional time expended by internal and external personnel.
F. The applications for PILOTs and Bonds were updated to reflect the new requirements in the MHA PILOT and HEHFB PILOT and Bond Policies and Procedures.
G. Overall the PILOT and Bond applications are more extensive and requests more diligence information about the Applicant, its development team and the proposed project, e.g. requesting more information regarding the Applicant’s: (i) character and fitness, (ii) development experience, (iii) financial background, (iv) proposed Tenant Benefits and (v) proposed uses of financial capital for the proposed project.
H. Carpenter specifically pointed out certain questions in the bond and PILOT applications wherein the Applicant is requested to provide: (i) an explanation and description of the proposed Tenant Benefits the Applicant intends to create for the tenants ensuring such Tenant Benefits are tailored to the property’s anticipated or current demographics and resident base; (ii) the economic feasibility and detailed description of the residential rental project, including an explanation of the total economic and social impact this project will bring to the City of Memphis; (iii) the total number of rental units and the percentage of units: (a) that qualify as affordable; (b) with project-based rental assistance; and/or (c) that are occupied by the elderly and tenants with disabilities; and (iv) the projected monthly rental rate increases for new construction and/or the projected monthly rental rate increase per unit category due to the proposed rehabilitation.
I. More diligence for PILOT transferees, including extending the application review period from 30 days to 60 days.
Carpenter stated this this a progressive transition from the current version of the policies and procedures and it will be in the best interests of the tenants, the City of Memphis, and for the Board. Dan Reid expressed his appreciation to Carpenter Law Firm and Board staff in putting these documents together and making a road map that will evolve as the PILOT and bond programs evolve.
Charles Carpenter noted, for PILOT Lessees and other legal counsel that are in attendance at the meeting, that the Board is considering a roll out of these new policies and procedures with all of the PILOT Lessees through hosting a mandatory meeting to be scheduled for early 2023 so that everyone is on the same page going forward and can understand with clarity exactly what the obligations are and what is expected of PILOT Lessees. James Jalenak stated for the record that there has been extensive discussion of these documents over the last nine (9) months, and although it seems like a quick procedure in today’s meeting, it is the tail end of a long process and a lot of work between the Board’s legal counsel, the Board members and Board staff. There being no further questions or comments,
James Jalenak moved to approve Final approval of revised (i) Board PILOT Application, (ii) MHA PILOT Application, (iii) Board PILOT Policies and Procedures, (iv) MHA PILOT Policies and Procedures and (v) Board Bond Policies and Procedures. Katie Shotts seconded, and the motion passed unanimously after a proper roll call vote of the Board members.
2. Final Supplemental Bond Resolution for Tillman Redevelopment, LP (d/b/a Tillman Cove Apartments)
Carpenter advised the Board that this is one of the properties that was discussed in the legal report requiring the fifty percent (50%) supplemental allocation from THDA for this project to meet its fifty percent (50%) test under the tax-exempt laws. Carpenter stated that based on the work that has been done with this development and to be done, his firm recommends approval of this final supplemental bond resolution to approve the additional allocation up to three million dollars ($3,000,000) for Tillman Cove Apartments. Monice Hagler recused herself from the vote. Buckner Wellford advised the Board that as Pete Ezel with Baker Donelson is the bond counsel on this transaction, he recused himself from this vote. The recusals of Monice Hagler and Buckner Wellford from the deliberating and voting were noted for the record.
There being no further questions or comments,
Cliff Henderson moved to approve Final Supplemental Bond Resolution for Tillman Redevelopment, LP (d/b/a Tillman Cove Apartments). James Jalenak seconded, and the motion passed unanimously after proper roll call vote of the Board members.
3. Final Bond Supplemental Resolution for Memphis Towers TN TC, LP (d/b/a Memphis Towers Apartments)
Carpenter advised the Board that this project is similarly situated as Tillman Cove requiring a supplemental allocation of bonds to meet legal requirements. Carpenter noted that the Board had approved and bonds were issued in December 2020. Pursuant to federal law a minimum of fifty percent (50%) of the bond proceeds must be used for the development of the project in order to comply with tax-exempt law requirements, and to meet this test, the applicant has gone back to THDA for a supplemental allocation, which has been granted. Carpenter stated this his firm recommends approval of this final bond supplemental resolution. There being no further questions or comments,
James Jalenak moved to approve Final Bond Supplemental Resolution for Memphis Towers TN TC, LP (d/b/a Memphis Towers Apartments). Katie Shotts seconded, and the motion passed unanimously after proper roll call vote of the Board members.
4. 3rd PILOT Closing Extension for Crane Manor Apartments
Carpenter presented this as the third PILOT Closing Extension for Crane Manor Apartments located near the Memphis International Airport. Carpenter stated the developer for this project is Phil Wazonek and is represented by legal counsel Joseph Aldridge of Apperson Crump, LLP. Carpenter invited representatives in attendance to speak for this agenda item. Wazonek introduced himself and thanked the Board for the opportunity to speak. Wazonek stated that Crane Manor Apartments is a 178-unit complex located on Airways Boulevard and advised that the development team has been struggling with a legal action in the nature of a lis pendens lawsuit encumbering the property involving the previous owner. Wazonek stated that this has been the cause for the delay in closing the PILOT and Wazonek was advised by attorneys for all parties involved that this issue should be resolved by the end of the year 2022. Wazonek stated that financing is in place awaiting the removal of the legal encumbrance so that his team can provide clear title to the lender. Wazonek thanked the Board for its patience in the matter, and he looks forward to closing he PILOT commencing with renovations and providing housing. Carpenter advised the Board that this extension would be for a six (6) month period and based on the explanation that has been given by the applicant, he recommends approval. There being no further questions or comments,
Cliff Henderson moved to approve the 3rd PILOT Closing Extension for Crane Manor Apartments. Katie Shotts seconded, and the motion passed unanimously after proper roll call vote of the Board members.
5. 2nd PILOT Closing Extension for Mazel in Eden LLC (d/b/a Eden Pointe Apartments)
Carpenter presented this agenda item, stating that the project is doing business as Eden Pointe Apartments. Carpenter stated that this would be the second PILOT Closing Extension for the project and the project is represented by Frank Stockdale Carney and Elizabeth Friary. Carpenter invited Friary to make any further comments on this agenda item. Friary stated that her firm has been working diligently to close this transaction and expects to close in the coming weeks. Carpenter stated that his firm has been working actively with Friary on this matter and this extension would be for a six (6) month period, and recommended approval. There being no further questions or comments,
Monice Hagler moved to approve/ratify the 2nd PILOT Closing Extension for Mazel in Eden LLC (d/b/a Eden Pointe Apartments). James Jalenak seconded, and the motion passed unanimously after proper roll call vote of the Board members.
6. 2nd PILOT Closing Extension for Cambridge Development Holdings LLC (d/b/a Bridgeport Manor Apartments)
Carpenter presented this agenda item, stating that the project is doing business as Bridgeport Manor Apartments. This project is also represented by Frank Stockdale Carney and Elizabeth Friary. Friary stated that her firm is working diligently with Board Counsel to finalize the documents and anticipated closing the transaction in the coming weeks. Carpenter concurred and recommended approval. There being no further questions or comments,
Katie Shotts moved to approve the 2nd PILOT Closing Extension for Cambridge Development Holdings LLC (d/b/a Bridgeport Manor Apartments). Cliff Henderson seconded, and the motion passed unanimously after proper roll call vote of the Board members.
7. PILOT Refinancing Application for The Villages TN LLC (d/b/a The Villages at Harrison Creek)
Carpenter presented this refinancing application for the project doing business as The Villages at Harrison Creek. Carpenter advised the Board that they were provided materials in their Board packet on this project, including an updated Sources and Uses table submitted by the applicant. Carpenter invited Elizabeth Friary to speak on this agenda item. Friary stated that the development team is proud of this project and that rehabilitation has been completed ahead of schedule. Friary stated that Covid-19 issues caused the development team to invest more equity than anticipated, and due to these issues and changes is the marketplace, the development team invested more of its own funds and are seeking this refinancing to pay back investors and also to continue to upgrade the project. Friary stated that when the project was taken over, there was a lot of crime, and the new ownership has since effectively addressed the crime and hired additional staff to be on hand to resolve all issues as they arise. Friary stated that now, this project is a good, safe, affordable apartment community. Carpenter stated that the revised Sources and Uses table shows how the refinancing proceeds will be used. Cliff Henderson stated that based on the information provided from the Board’s most recent third-party compliance inspection, the property seems to have an occupancy issue. Carpenter asked Friary what the current occupancy is on the property? Friary stated that the current occupancy is seventy percent (70%) occupied. Bryce Miller stated that the most recent compliance report shows one hundred thirteen (113) vacant units out of the total three hundred seventy-three (373) units. Stephanie Bryant advised the Board that occupancy was at fifty-four percent (54%) at this time the original PILOT application was approved. Miller stated that as of October 18, 2022, reports show two hundred sixty (260) units occupied out of the three hundred seventy-three (373) total units. Miller asked Friary to provide the Board with an expected timeline for completion of the project. Friary stated that she would provide that information to the Board via email, but that the applicant has put a lot of money into the project and updated many of the units and will continue to do so, but she will provide a more specific timeline. Carpenter stated the Board’s policies require a minimum seventy-five percent (75%) occupancy and since there is no evidence of that now, Carpenter proposed that the Board defer action on this item until the November 30, 2022 Board meeting in order to clarify the occupancy issue or the Board could approve this refinancing application subject to confirmation of the seventy five percent (75%) occupancy. Friary stated that the development team had hoped to close this transaction as soon as possible on this refinancing, but they would defer to what the Board decides and work within that timeframe. Corbin Carpenter asked Friary to state who the lender is for the refinancing. Friary responded that the lender for the refinancing transaction is Santander. Cliff Henderson expressed his concern is seeing the proceeds with the refinancing going back to the investors and compliance reports show that the property manager stated on October 18, 2022 that two hundred sixty (260) units are occupied of the total three hundred seventy-three (373) units and this was the same level of occupancy stated on July 25, 2022. Henderson stated that these items give pause until additional information is provided. Dan Reid stated that having heard the opposition and noting that the compliance report shows that occupancy has not changed from July 25, 2022 to the most recent visit on October 18, 2022, that this item be deferred to the November 30, 2022 Board meeting and advised the applicant that they would be required to provide documentation of occupancy to the Board to reflect the minimum seventy-five percent (75%) occupancy and Reid requested that Board staff provide the applicant with the most recent compliance report submitted to the Board by its third-party compliance inspector for reference. There were no further questions or comments.
PILOT Default Status Updates:
1. Creekside Meadows (f/k/a Bent Tree):
Carpenter advised the Board that the Board packet includes the written report from the management company, as well as reports from Wilbanks Architecture & Associates, and the Board’s internal monitors have also been out to look at the property. Bryce Miller noted he has observed that management has repaired many of the broken windows which have been of continued concern to the Board, and further noted that some of the new windows have already been broken again. Miller stated that he would like to do an on-site visit with management to walk the property and discuss what can be done to prevent this issue moving forward. Rachel Stenger-Wiley agreed and stated that she is aware of the windows Miller is referring to and that management is in the legal process with the tenants of that unit. Stenger-Wiley stated that there are three (3) boarded windows and two (2) of the three (3) boarded windows belong to this unit that is involved in legal proceedings. Stenger-Wiley stated that management is currently waiting on the glass vendor to fix those windows. Miller stated that the on-site visit would be helpful to directly address some concerns on the property, but he has observed work that is moving the property in the right direction. Cliff Henderson asked if management had an estimate of how many windows have been damaged by this particular tenant or tenants? Stenger-Wiley responded that management can only identify with certainty that windows in the unit belonging to the tenants were broken by those tenants and they continue to repeatedly break their windows. Stenger-Wiley stated that they are working diligently with the court on the issue, but it is a slow process. Stenger-Wiley stated that additional window frames have been replaced on the property as well. Cliff Henderson asked if most of the broken windows were in unoccupied units. Stenger-Wiley responded that has been the case in the past, but that is no longer the case and broken windows are now mostly a result of squatters trying to enter the unoccupied units or kids breaking the windows and running off. Miller stated that the broken windows he has observed in his most recent visits is observing a double pane window and only one pane is broken, which is consistent with Stenger-Wiley's assessment, and it does not look like someone attempting to enter the unit. Stenger-Wiley agreed but stated that the property has had issues with squatters and all unoccupied units are checked daily. After the completion of discussion, Carpenter recommended the property be included in the November 30, 2022 Board meeting agenda for further reporting following the on-site visit.
2. New Horizon Apartments:
Carpenter stated that this property is a difficult property with eight hundred ninety-eight (898) units, and representatives have reported to the Board on a regular basis and invited Mark Jobe to make any further comment. Jobe apologized for not providing a written update to the Board for this month's report but stated that renovation continues, the management company has added more HVAC, EPA certified technicians, electricians, plumbers and makeready specialists to continue these renovations. Jobe stated there are currently ninety-five (95) units under construction and expect fifty-five (55) of these ninety-five (95) units to come online within the next thirty (30) days, leaving one hundred thirteen (113) units remaining to be renovated. The property is now expected to be completed by early 2023. Jobe stated that there are the tenant benefits through the various nonprofits that are involved on the property and other committed tenant benefits in place. Jobe stated there is an online work order submission system to allow tenants to give service requests that can be handled promptly. Jobe expressed his appreciation to the Board for the continued oversight and working with management to see this renovation get completed. Jobe stated that they would be happy to schedule an on-site visit with representatives of the Board and that would be helpful to all parties to bring this renovation to a completion.
Carpenter stated that the Board would like to hear from Yitz Horowitz for an update on the construction on site. Carpenter also mentioned that the Board's occupancy requirement is also a focus on this project. Jobe stated that current occupancy is at sixty-eight percent (68%) occupied, which includes the down units and that the units that are online are leased for the most part and as units are completed and brought online, occupancy will increase with that. Yitz Horowitz introduced himself as the vice president of project management for the PILOT property, stating that he handles this and other projects for the ownership group, and he is very confident that management will see this project through to its completion. Horowitz stated that due to the size of the property and the full effects of post COVID, that construction has experienced some hurdles from a supply constraint, and the project has run into issues with occupancy due to the rental assistance not coming in anymore and it has been drawing up the funds the property has had. Horowitz stated that the property has experienced a lot of evictions, which has caused much of the positive progress that has been happening on the construction side to not really reflect very positively on occupancy. Horowitz explained the challenge of the property having significant move-outs and move-ins and the development team plans to hire additional crews to perform work on units beginning in 2023 so that they can speed up their progress.
Horowitz stated that there are many times work is unable to be performed in units due to lack of power and utilities due to staffing issues with Memphis Light Gas and Water (MLGW), in addition to MLGW only allowed to perform fifteen (15) requests a day to turn on power in these units. Horowitz stated that the development team has reached out to MLGW many times via phone and email and does not really get anywhere. Horowitz advised the Board that an additional project manager has been relocated to Memphis to provide additional concentration on New Horizon Apartments in order to see the project through to completion as soon as possible. Horowitz stated that the additional crews will assist in this as well because focus on construction is sometimes shifted to maintenance issues and with additional crews, focus will be able to stay on construction. Carpenter stated that staff would be in touch in order to schedule an on-site walkthrough of the property to have a more comprehensive understanding of where things when the PILOT Lessee reports at the November 30, 2022 Board meeting.
New Business
There was no new business.
Public Comment
There was no public comment.
Chairman Reid stated that the next meeting of the Board is scheduled for Wednesday, November 30, 2022 @ Noon. There being no further business, the meeting was adjourned by the Chairman at 01:00 p.m.