DOWNTOWN INVESTMENT AUTHORITY AGENDA

City Hall at St. James Building 117 West Duval Street 1st Floor, Lynwood Roberts Room Wednesday, February 1, 2017 – 9:00 A.M.

MEMBERS: James Bailey, Chairman Dane Grey, Board Member Jack Meeks, Vice Chairman Ron Moody, Board Member Oliver Barakat, Board Member Marc Padgett, Board Member Brenna Durden, Board Member Kay Harper-Williams, Board Member Craig Gibbs, Board Member

I. CALL TO ORDER – Chairman Bailey A. Pledge of Allegiance II. PRESENTATIONS

III. COMMUNITY REDEVELOPMENT AGENCY MEETING A. January 18, 2017 Community Redevelopment Agency Meeting Minutes* Separate Cover B. Resolution 2017-01-03 One Call R.E.V. Grant C. Resolution 2017-02-01 Laura Street Trio & Barnett Building Term Sheet D. January 18, 2017 Community Redevelopment Agency Meeting Transcript IV. DOWNTOWN INVESTMENT AUTHORITY BOARD MEETING A. January 18, 2017 DIA Board of Directors Meeting Minutes* Separate Cover B. January 18, 2017 DIA Board of Directors Meeting Transcript V. CHIEF EXECUTIVE OFFICER REPORT VI. DDRB BRIEFING VII. OLD BUSINESS VIII. NEW BUSINESS IX. PUBLIC COMMENTS X. ADJOURN * Indicates action item

DATE: 20170126 TAB III.A January 18, 2017 Community Redevelopment Agency Meeting Minutes UNDER SEPARATE COVER TAB III.B Resolution 2017-01-03 Once Call R.E.V. Grant

Downtown Investment Authority

MEMORANDUM

To: Downtown Investment Authority Governing Board

Through: Mr. Jim Bailey, Chair

From: Aundra Wallace, Chief Executive Officer, Downtown Investment Authority

Subject: Resolution 2017-01-03

Date: February 1, 2017

If adopted by the DIA Board, Resolution 2017-01-03 will authorize the Chief Executive Officer (the “CEO”) to negotiate and execute a Business Attraction Incentive Agreement, utilizing the Commercial Revitalization Program with the GV-IP Capital Partners (the “Landlord”) and Opal Acquisitions, Inc. dba One Call Care Management (the “Tenant”) for the Tenant to lease at least an additional 83,000 sq. ft. of office space at the Landlord building located at 841 Prudential Drive, in the Southbank CRA.

The Tenant intends to consolidate its national operations to Jacksonville, and proposes moving current employees from within Jacksonville to the proposed location and creating new jobs. One Call expects to employ over 1,175 people in total at 841 Prudential Drive.

The Landlord has informed the DIA that as of August 31, 2017 it will lose a substantial tenant as AETNA Insurance will not be renewing their lease. This will create a vacancy of approximately 165,000 sq. ft. of class A downtown office space and remove 850 jobs from the downtown area. The Landlord has been working with the DIA to incentivize a new tenant or tenants to “back fill” the space.

The Tenant proposes to occupy just over 50% of the space being vacated by AETNA, substantially reducing the negative impacts to the Southside TIF, and replacing a significant number the jobs being lost.

The incentive, which is capped at $1,000,000, will be paid in annual $100,000 installments over the ten (10) year lease term. Each installment will be predicated by the Tenant certifying and documenting to the DIA that it has 1,175 employees and, no less than 1,175 employees located at the site (the Grant will be reduced pro rata if the number of employees falls between 1175 and 900 as described in Precondition “a.” in the Term Sheet), and that it is currently leasing no less than 130,000 sq. ft. at the site.

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RESOLUTION 2017-01-03

A RESOLUTION OF THE DOWNTOWN INVESTMENT AUTHORITY SUPPORTING THE EXECUTION OF A COMMERCIAL REVITALIZATION INCENTIVE AGREEMENT BETWEEN THE DOWNTOWN INVESTMENT AUTHORITY, GV-IP CAPITAL PARTNERS, LLC, AND OPAL ACQUISITION, INC. DBA ONE CALL CARE MANAGEMENT; AUTHORIZE CEO OF THE DOWNTOWN INVESTMENT AUTHORITY TO NEGOTIATE THE COMMERCIAL REVITALIZATION INCENTIVE AGREEMENT; AUTHORIZING THE CEO OF THE DOWNTOWN INVESTMENT AUTHORITY TO EXECUTE SUCH AGREEMENTS.

WHEREAS, Opal Acquisition, Inc. dba One Call Care Management (“One Call”) (the “Tenant”) is seeking to consolidate a substantial number of jobs from within Jacksonville and from outside of Florida. The Tenant proposes to relocate its Jacksonville offices to the 841 Prudential Drive, owned by GV-IP Capital Partners, LLC (the “Landlord”); and

WHEREAS, the Landlord has informed the DIA staff that it will be losing a significant tenant by August 31, 2017, which will vacate 165,000 sq. ft. The Landlord has been working with the DIA to develop an incentive to assist in finding tenants to offset the impending vacancy; and

WHEREAS, the Tenant is seeking a Commercial Revitalization Incentive to assist in paying for the costs of relocating to 841 Prudential Drive, and occupying an additional 83,000 sq. ft of office space and making $3 million in tenant improvements and building upgrades, and expanding the existing workfoprce to 1,175 employees at this location; and

WHEREAS, the Downtown Investment Authority (“DIA”) is authorized per section 55.108 Economic Development of the City Ordinance Code, to utilize the Tax Increment Finance District Trust Funds to foster the economic development of the Downtown Southside Community Redevelopment Area; and

WHEREAS, the DIA may utilize TID funding for economic development projects without further approval from City Council as set forth in 55.108(a)-(9)(b); and

WHEREAS, the proposed project positively impacts the following BID Plan Goals: • Goal 1 Reinforce Downtown as the City’s unique epicenter for business, by positively impacting the number of jobs and class A office vacancy rate benchmarks; and • Goal 3 Simplyfy the approval process for downtown development by positively impacting the Tax Value of the Southside TID and increasing the annual private capital investments; and

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WHEREAS, to assist Tenant in completing their move into Downtown Jacksonville the DIA proposes to provide a Commercial Revitalization Grant in an amount not to exceed $1,000,000, paid annualy in arrears in installments of $100,000, to the Landlord; and

WHEREAS, the financial assistance to the project, and conditions precedent to receiving each installement payment, will be in the form as detailed on the Term Sheet attached hereto as Exhibit “A”; and

WHEREAS, the proposed Commercial Revitalization Grant will be funded through the Southside TIF Fund; NOW THEREFORE

BE IT RESOLVED, by the Downtown Investment Authority:

Section 1. The DIA finds that the recitals set forth above are true and correct and are incorporated herein by this reference.

Section 2. Authorizing the CEO of the Downtown Investment Authority to negotiate a Commercial Revitalization Incentive Agreement with the Landlord, and Tenant.

Section 3. Authorizing the CEO of the Downtown Investment Authority to execute such agreements.

Section 4. This Resolution, 2017-01-03, shall become effective on the date it is signed by the Chair of the DIA Board.

WITNESS: DOWNTOWN INVESTMENT AUTHORITY

______James Bailey, Chairman Date

VOTE: In Favor: ______Opposed: ______Abstained: ______

FORM APPROVAL:

Office of General Counsel

Page 2 of 2

Exhibit "A"

DRAFT 1-20-2017

TERM SHEET

Project Name: 841 Prudential Drive

Developer/ Applicant: GV IP Jacksonville Owner, LLC & Opal Acquisition, Inc. dba One Call Care Management

City Funding: $1,000,000 (through the City of Jacksonville Downtown Investment Authority) over 10 years

Breakdown:

Infrastructure: No City of Jacksonville infrastructure funding or support is requested.

Land: No City of Jacksonville land is committed to the project.

CRP Grant: The project is seeking a Commercial Revitalization Grant, a contractual obligation of the DIA, calculated as 20.25% of the real property taxes generated by the project for the Term of ten (10) years. Based upon the calculation the CRP Grant will have an annual payment of $100,000. The cumulative Grant payments over the Term of the Grant shall in no instance exceed $1,000,000.

The Grant is for the replacement of AETNA Insurance operations which will be vacating the Downtown Jacksonville area by August 31, 2017. The loss of AETNA and its approximately 850 employees will result in an estimated loss of revenue into the Southside TIF of $150,000 annually. Additionally the loss of AETNA results in approximately 165,000 sq. ft. of class A office space becoming vacant.

Grants: None.

Loans: None.

Preconditions to receipt of Grant funding: The Landlord and Tenant will enter into an Economic Development Agreement with the DIA. Such agreement will contain the following commitments by the Landlord and Tenant as conditions precedent to receiving the Grant Annual Payment from the Southside Tax Increment Trust Fund:

The Grant will be conditioned to the Developer receiving from the Applicant the following: a. An annual certification that the previous year’s annual employment was equal to or greater than 1,175 total jobs located at this building site (the Grant shall be pared down on a pro rata basis for total jobs certified as between 1,175 and 900); and b. No less than 900 total jobs located at the building site (the annual installment payment will not be made for years in which the annual certified number of jobs is 899 or less); and c. The documentation from the Building Owner that the Applicant at no time during the prior year leased less than 130,000 sq. ft. at building site.

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Conditions: This Term Sheet is limited by the following conditions:

Downtown Investment Authority review of the development and construction timelines; and

These proposed financial terms are subject to and contingent upon the approval of the Downtown Investment Authority.

There will be additional terms, conditions, rights, responsibilities, warranties and obligations for both parties shall be determined in a later negotiated mutually agreeable written contract (or multiple written contracts as is deemed necessary).

This Term Sheet expires and becomes void if not executed by the Parties by February 3, 2107.

Additionally, this Term Sheet expires and all the terms contained within become void upon April 1, 2017, unless extended in writing by the parties.

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(Signature Page to Follow)

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Offered on behalf of the City of Jacksonville Downtown Investment Authority by:

______

Aundra C. Wallace its CEO

Accepted on behalf of Tenant by

______

Print Name:

Its (print Officer Title):______

Accepted on behalf of Landlord by

______

Print Name:

Its (print Officer Title):______

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TAB III.C Resolution 2017-02-01 Laura Street Trio & Barnett Building Term Sheet Downtown Investment Authority

MEMORANDUM

To: Downtown Investment Authority Governing Board

Through: Mr. Jim Bailey, Chair

From: Aundra Wallace, Chief Executive Officer, Downtown Investment Authority

Subject: Resolution 2017-02-01

Date: February 1, 2017

If adopted by the DIA Board, Resolution 2017-02-01 will authorize the Chief Executive Officer (the “CEO”) to negotiate and execute an incentive package with the Molasky Group of Companies (“Molasky”) and SouthEast Group (“SEG”) (collectively the “Developers”). The Developers propose a substantial redevelopment project in Downtown Jacksonville consisting of the following:

I. The Redevelopment of the Barnett Bank Building (the “Barnett”); and II. The Redevelopment of the Laura St. Trio (the “Trio”); and III. The Design, Construction, and Financing of a structured parking facility in Downtown. The incentive package is detailed in the Term Sheet (attached as Exhibit “A”), and consist the following: I. A Grant, paid upon issuance of a Certificate of Occupancy (“CO”), from the Downtown Revitalization and Historic Preservation Trust Fund (the “HPTF”) in the amount of $4.0 million for redevelopment of the Trio; and II. A Grant, paid upon issuance of a Certificate of Occupancy (“CO”), from the City of Jacksonville (possibly through an appropriation to the HPTF to cover $4.0 of qualified rehabilitation costs) in the amount of $4.0 million for redevelopment of the Barnett; and III. A REV Grant on the new construction portion of the Trio project, rebating 50% of the City/County portion of the real estate ad valorem taxes for a period of twenty (20) years; and IV. The sale or lease of the real estate parcel currently operated as a surface parking lot located at Forsyth and Main streets; and V. A Master Lease for the 550 Parking Spaces for $660,00 per year for twenty (20) years. Of which 250 shall be subleased by the Developers for $300,000 per year for twenty (20) years. The remaining 300 parking spaces shall be available for LST&BB Memo Page 2 February 1, 2017 short or long term parking needs. The Office of Public Parking (a Division of the DIA) will manage and operate the Parking Structure while the Master Lease is effective. The maximum indebtedness under the Master Lease shall be $13.2 million.

The proposed redevelopment is described in more detail as follows:

For the Barnett, the Developer intends to create over 50,000 sq. ft. of commercial office space and 100 residential rental apartment units. For the commercial space, the Developer has some level of commitment from the following tenants: JP Morgan Chase Bank. The residential rental apartment units vary in size from 513 sq. ft. and up, with monthly rents ranging from $750 to $1,350 respectively. The costs for the Barnett renovations are estimated to be approximately $34 million.

For the Trio, the Developer intends to redevelop the current three (3) buildings as well as construct contiguous new space for a Courtyard by Marriot hotel. In addition to the Hotel there would be a Signature Restaurant, a small Bodega Market, a Rooftop Bar, a small retail office space, and a small Marriot Café. The costs for the Trio Renovation are estimated at approximately $44 million.

And, for the Parking Structure, the Developers plan to construct a 550 space parking structure with approximately 12,000 sq. ft. of retail space. The cost of the Parking Structure is approximately $11.0 million.

It is anticipated that the Barnett Bank, which should be completed in 22 months, and the Parking Structure, which should be completed in a 16 month time frame, will be completed first and in a close timeframe to each other. It is expected that the Trio will lag the Barnett building by 8-12 months.

g:\shared\administration\aundra wallace\dia resolutions\2017\february 2017\2017-02-01\resolution 2017-02-01 summary memorandum.doc

117 West Duval St., Ste. 310 ▪ Jacksonville, FL 32202 ▪ (904) 630-3492 ▪ www.jaxdowntowninvestment.org RESOLUTION 2017-02-01

A RESOLUTION OF THE DOWNTOWN INVESTMENT AUTHORITY (“DIA”) AUTHORIZING THE CHIEF EXECUTIVE OFFICER (“CEO”) OF THE DIA TO NEGOTIATE A REDEVELOPMENT AGREEMENT, PARKING GARAGE LEASE AGREEMENT AND RELATED AGREEMENTS AMONG THE DIA, THE MOLASKY GROUP OF COMPANIES OR DESIGNEE, AND SOUTH EAST GROUP OR DESIGNEE, FOR THE REDEVELOPMENT OF THE BARNETT BANK BUILDING, THE LAURA STREET TRIO, AND FOR CONSTRUCTION OF A STRUCTURED PARKING FACILITY (COLLECTIVELY, THE “PROJECT”); AUTHORIZING: (1) A $4,000,000 DOWNTOWN HISTORIC PRESERVATION AND REVITALIZATION TRUST FUND GRANT FOR THE LAURA ST. TRIO; (2) AUTHORIZING A REV GRANT IN THE AMOUNT OF $1,800,000 FOR THE HOTEL PORTION OF THE LAURA ST. TRIO REDEVELOPMENT; AND (3) RECOMMENDING APPROVAL BY CITY COUNCIL OF A $4,000,000 CITY GRANT FOR THE PROJECT; AUTHORIZING THE CEO OF THE DIA TO NEGOTIATE REDEVELOPMENT AGREEMENTS, A LEASE AGREEMENT FOR THE PARKING GARAGE, AND OTHER AGREEMENTS AS NECESSARY FOR THE PROJECT; AUTHORIZING CEO TO INITIATE FILING LEGISLATION WITH THE CITY COUNCIL REGARDING THE SAME; AUTHORIZING THE CEO OF THE DIA TO EXECUTE SUCH AGREEMENTS; PROVIDING AN EFFECTIVE DATE.

WHEREAS, The Molasky Group of Companies (“Molasky”) and SouthEast Group (“SEG”) (collectively, the “Developers”) currently have control of certain parcels of land, comprised of the Barnett Bank Building (the “Barnett Building”) and Laura St. Trio, comprised of the building generally known as the Brisbee Building, Florida Life Building, and the Marble Bank Building (the “Trio”) (collectively the “Developers”) and seek redevelopment these historic buildings; and

WHEREAS, the Developers propose to redevelop the Barnett Building into a combination of residential apartments and commercial office space; and

WHEREAS, the Developers propose to redevelop the Trio into a combination of retail and commercial office space including a hotel component; and

WHEREAS, the Developers propose to develop (design, construct, and finance) a parking garage on the City of Jacksonville owned surface parking lot, located at the corner of Forsyth and Main Streets (R.E. # 073670 0000), to accommodate the parking needs of the Project; and

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WHEREAS, to assist the Developers in redeveloping these historic buildings, the DIA proposes to offer a package of incentives as further detailed in the Term Sheet attached to this Resolution as Exhibit “A”; and

WHEREAS, Molasky is in a due diligence and review period under a Purchase & Sale Agreement for the Barnett Building, and has agreed to provide a copy of the deed to the Barnett Building after recording to the DIA evidencing Ownership of the parcel as a precondition to negotiating a Redevelopment Agreement; and

WHEREAS, the Downtown Investment Authority (“DIA”) is authorized per section 55.108 Economic Development of the City Ordinance Code, to utilize the Tax Increment Finance District Trust Funds to foster the redevelopment of the Downtown Northbank Community Redevelopment Area; and

WHEREAS, the Downtown Investment Authority (“DIA”) is authorized per section 119.910 Downtown Historic Preservation and Revitalization Trust Fund of the City Ordinance Code, to utilize the Historic Preservation Trust Fund to facilitate the rehabilitation and restoration of historic buildings in Downtown Jacksonville; and

WHEREAS, a minimum precondition of funding the incentives shall be that the Barnett Building redevelopment and Parking Garage have been completed; and

WHEREAS, the REV Grant annual payments will be funded through the Downtown East Tax Increment Finance District Trust Fund; NOW THEREFORE

BE IT RESOLVED, by the Downtown Investment Authority:

Section 1. The DIA finds that the recitals set forth above are true and correct and are incorporated herein by this reference.

Section 2. Authorizing the CEO to negotiate Redevelopment Agreement and a lease agreement, authorizing the incentives as described above and shown in more detail in the attached Term Sheet.

Section 3. Subject to receipt and review by the CEO of the deed demonstrating ownership by Molasky, or its designee, of the Barnett Building parcel, authorizing the CEO to initiate legislation for approval by City Council of the Redevelopment Agreement(s) garage lease agreement, and related documents authorizing the economic incentives authorized hereby.

Section 4. Authorizing the CEO of the Downtown Investment Authority to execute said agreements subject to the terms as described above.

Section 5. This Resolution, 2017-02-01, shall become effective on the date it is signed by the Chair of the DIA Board.

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WITNESS: DOWNTOWN INVESTMENT AUTHORITY

______James Bailey, Chairman Date

VOTE: In Favor: ______Opposed: ______Abstained: ______

FORM APPROVAL:

Office of General Counsel

Page 3 of 3

Exhibit "A""

Revised Term Sheet as of January 19, 2017

Project Name: Laura Street Trio & Barnett Bank Bldg. Adaptive Reuse Project

Developer/ Applicant: A Joint venture of the Molasky Companies and SouthEast Development Group, LLC

Incentives (through the City of Jacksonville and the Downtown Investment Authority) detailed as follows:

The Laura Street Trio:

Total Development Cost: $44,641,568 (estimated)

Redevelopment Completion Grant: $4,000,000 from the Downtown Historic Preservation and Revitalization Trust Fund (the “HPTF”).

These grant funds shall be used in accordance with the Downtown Historic Preservation and Revitalization Trust Fund guidelines.

• THE HPTF Grant will be disbursed at issuance of the last needed Certificate of Occupancy (“CO”) for the three (3) Buildings which comprise the Trio project. Therefore funds would be needed no sooner than 20 months after construction commences, estimated by the Developer’s Schedule. • The Grants will be subject to standard “claw-back” language.

REV Grant: $1,800,000 from the Northbank TID.

• Partial ad valorem tax rebate of 20 years @ 50% for an approximate total grant not to exceed $1,800,000. • On the new construction portion of the project only of the Hotel adjacent to the Florida Life Building.

The Barnett Bank Bldg.:

Total Development Cost: $34,202,427 (estimated)

City of Jacksonville Grant: $4,000,000. • The Redevelopment grant will be disbursed at issuance of the last needed Certificate of Occupancy (“CO”), for the Barnett Bank Building. Therefore funds would be needed no sooner than 15 months after construction commences, estimated by the Developer’s Schedule.

1 of 6 Parking Structure:

Land: Currently valued between $800,000-$1,000,000, pending a formal appraisal and form of conveyance.

• The City will convey, at price of $1.00 (either by long term lease [50 years] or via fee simple) the land currently utilized as a surface parking lot at the corner of Main Street and Forsyth Street (the “Parcel”). • The Parcel will be conveyed through a process compliant with the DIA disposition of property procedures. • The conveyance will be subject to reversion clauses to ensure that a structured parking facility of no less than 550 parking spaces is built. • The Developer’s current site plans include utilizing the surface parking lot owned and operated by Regions Bank. o Should the Region’s Bank parcel be included in the development plans for the project these proposed incentives are subject to documented writing from Regions Bank, Satisfactory to the City, that Regions Bank is willing to convey, at a price of $1.00, their parcel to the Developer or City of Jacksonville for inclusion in this parking facility. The City will provide no incentive or any other compensation to Regions Bank for should Region Bank’s include its parcel in the project.

Parking Structure Master Lease (max indebtedness of $13,200,000): Upon commercial utilization of the Parking Structure, The DIA will agree to make master lease payments of up to $660,000 per year, for Twenty (20) years with a maximum indebtedness of $13,200,000.

• The Master Lease will be for the entire number of parking spaces (currently planned to be 550 spaces). • The Developer will design, finance, and construct the parking facility. • The DIA/Office of Public Parking will operate the facility. o The developer will lease from the City 250 spaces on a monthly basis for twenty years; estimated at $300,000 per year (see below). o The Developer’s acquisition of parking spaces shall be phased in over the first 24 months after construction of the Parking Structure is completed, and the Parking Structure is operational. o The Developer’s Payment for parking spaces shall for months 1-24 shall be capitalized and paid over the remaining 18 years of the Developer’s Sublease (estimated to be $333,334 annually). • The Developer and City may negotiate a Developer’s Option to Terminate the Master Lease. While the specific language of such an option must be negotiated at a minimum exercise of the option must trigger the following: either (1) a cash payment made by the Developer to the City, within 90 days from the notice of termination of the Master Lease by the Developer, in an amount equal to the then appraised value of the Land previously conveyed by the City for use by the Parking Structure project; or (2) a sublease of 100 parking spaces for 15 years at a rate of $1.00 per year. In addition any unpaid lease

2 of 6 capitalized obligation (resulting from months 1-24 of the sublease to the Developer) shall be tendered along with the notice of termination.

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Conditions: This Term Sheet is limited by the following conditions:

This proposal is conditioned upon the Developer evidencing, in writing with documentation satisfactory to the City, site control for all the proposed Development parcels to be used in the three phases of development (the Laura Street Trio, The Barnett Bank Building, and the Parking Structure Parcels). Such written evidence and documentation must be provided by February 20, 2017, or this Term Sheet becomes Null and Void, regardless of execution by the parties; and

Downtown Investment Authority review of the development and construction timelines; and

A completed and approved application to the Jacksonville Historic Preservation Commission for the funding out of the Historic Preservation and Revitalization Trust Fund; and

These proposed financial terms are subject to and contingent upon the approval of the Downtown Investment Authority, the City of Jacksonville Administration, and the Jacksonville City Council.

All terms contained within this Term Sheet are contingent upon the successful commitment and closing of all Historic Rehabilitation Tax Credit Agreements, Construction /Senior Debt Agreements and Commitments, Any Private Junior Lien Loan Agreements and Commitments, evidence of Marketable Title by the Developer, and the inclusion of the City of Jacksonville Lease(s) as also insureds under the Developer’s Property & Casualty insurance, and the Hotel Management & Operating Agreement. All terms contained within this Term Sheet are also contingent upon evidence of the funding of the Developer’s Equity commitment.

There will be additional terms, conditions, rights, responsibilities, warranties and obligations for both parties shall be determined in a later negotiated mutually agreeable written contract (or multiple written contracts as is deemed necessary).

This Term Sheet expires and becomes void, if not executed by the Parties upon February 20, 2017.

Additionally, this Term Sheet expires and all the terms contained within become void, upon June 1, 2017, unless extended in writing by the parties.

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(Signature Page to Follow)

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With Respect to the Barnett Bank Building and the Parking Structure:

Offered on behalf of the City of Jacksonville Downtown Investment authority by:

______

Aundra C. Wallace its CEO

Date:______

Accepted on behalf of The Molasky Companies by

______

Print Name:

Its (print Officer Title):______

Date:______

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With Respect to the Laura Street Trio:

Offered on behalf of the City of Jacksonville Downtown Investment authority by:

______

Aundra C. Wallace its CEO

Date:______

Accepted on behalf of Laura Trio, LLC/ Barnett Tower LLC / SouthEast Development Group, LLC by

______

Print Name:

Its (print Officer Title):______

Date:______

And;

Accepted on behalf of The Molasky Companies by

______

Print Name:

Its (print Officer Title):______

Date:______

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TAB III.D January 18, 2017 Community Redevelopment Agency Meeting Transcript City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 3 1 we'd like to start with --

CITY OF JACKSONVILLE 2 THE VICE CHAIRMAN: Oh, I'm sorry. Your

COMMUNITY REDEVELOPMENT AGENCY 3 name, sir, for the --

BOARD MEETING 4 MR. ALLEGRETTI: I'm sorry. 5 THE VICE CHAIRMAN: -- record. 6 MR. ALLEGRETTI: I'm Tony Allegretti, 1500 Proceedings held on Wednesday, January 18, 2017, 7 East Tree Circle, South. commencing at 2:05 p.m., Ed Ball Building, 214 North 8 I'm the Executive Director of the Cultural Hogan Street, 8th Floor, Jacksonville, Florida, before 9 Council. We oversee the Art in Public Places Diane M. Tropia, a Notary Public in and for the State of 10 program, which we're here to talk to you about Florida at Large. 11 today. But first, we'd like to talk about an BOARD MEMBERS PRESENT: 12

JAMES BAILEY, Chairman. 13 initiative that the Cultural Council is JACK MEEKS, Vice Chair. OLIVER BARAKAT, Board Member. 14 consulting on that's a private initiative DANE GREY, Board Member. BRENNA DURDEN, Board Member. 15 that -- our former Chairs, Dave Engdahl and CRAIG GIBBS, Board Member. RON MOODY, Board Member. 16 Preston Haskell, are going to come up and give MARC PADGETT, Board Member. KAY HARPER-WILLIAMS, Board Member. 17 you guys some specific information. But as

ALSO PRESENT: 18 they come up to approach the dais, I'd like to

AUNDRA WALLACE, DIA, Chief Executive Officer. 19 point out that this is exactly like I think we LORI BOYER, President, City Council. TOM DALY, DIA, Redevelopment Analyst. 20 want to see with downtown development in GUY PAROLA, DIA, Redevelopment Manager. JIM KLEMENT, DIA, Development Coordinator. 21 general, which is, you know, you guys investing JOHN SAWYER, Office of General Counsel. KAREN UNDERWOOD, DIA, Executive Assistant. 22 in art and culture will inspire and have a ripple effect on private-side investment. - - - 23 24 And I don't want to steal the show, so I'd

Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 25 like to call up Dave Engdahl and Preston (904) 821-0300 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 2 4 1 P R O C E E D I N G S 1 Haskell to come up and discuss the -- what January 18, 2017 2:05 p.m. 2 we're -- this is a working, title by the way. 2 - - - 3 It's Community Downtown Sculpture Initiative. 4 In the office, we call it the Haskell Project, 3 THE VICE CHAIRMAN: We're going to call 5 but he's not doing this for gaining 4 the meeting to order. 6 recognition, because he's got it, but he's 5 Mr. Bailey should be here any moment, so 7 doing this for our community. 6 you won't have to put up with me for very long 8 So let me hand the mic over to these guys, 7 hopefully, but we will start. We will start 8 with the Pledge of Allegiance. 9 and then I'll see you guys in a minute. 9 The only complication is we don't have a 10 (Mr. Haskell approaches the podium.) 10 flag, but I suppose we can face the back of the 11 MR. HASKELL: Thank you, Tony. 11 room and do that. So here we go. 12 I'm Preston Haskell, 111 Riverside Avenue, 12 BOARD MEMBER GIBBS: We've got a flag on 13 Jacksonville. 13 the iPad up here. 14 The information and presentation which 14 THE VICE CHAIRMAN: Okay. 15 we're giving you today is for information only. 15 (Recitation of the Pledge of Allegiance.) 16 We're not asking for any action or approval at 16 THE VICE CHAIRMAN: Thank you. 17 this point, but we would enjoy having your 17 It looks like the first thing that we have 18 input and feedback and any questions that you 18 is a presentation from the Cultural Council, 19 might have about the initiative. 19 which, I suppose, means our former associate 20 (Chairman Bailey enters the proceedings.) 20 and Mr. Preston Haskell. 21 MR. HASKELL: It is well underway, so we 21 So, gentlemen, the floor is yours. 22 thought it appropriate to notify the important 22 (Mr. Allegretti approaches the podium.) 23 MR. ALLEGRETTI: I thank you all. 23 public agencies, particularly those having to 24 So we have quite a robust amount of 24 do with downtown, about what we're doing. 25 information to share with you guys today, and 25 So far, it's taking place on private Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 1 of 40 sheets Page 1 to 4 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 5 7 1 property entirely, but it will soon include 1 acceptance. 2 sidewalks and other public spaces as well. 2 We hope that as more and more come to 3 The entire concept -- and it's one which I 3 fruition that the building owners will want to 4 derived from visiting cities like Chicago and 4 come. It's a pretty good deal for anyone who 5 Denver in this country and even Johannesburg, 5 really would like to enhance their building 6 South Africa -- are filled with wonderful, 6 with three-dimensional artwork. 7 vibrant, colorful, large-scale, 7 So that's kind of a background of my 8 three-dimensional sculptures by important 8 thinking and what I would like to do for our 9 contemporary artists. 9 city. And Dave Engdahl, who is a wonderful 10 And I thought to myself, what a great 10 colleague in this effort, will give you a bit 11 thing it would be if we could do the same thing 11 more detail. 12 for Jacksonville and fill it with wonderful, 12 (Mr. Engdahl approaches the podium.) 13 colorful sculpture, and we have already done so 13 MR. ENGDAHL: Thanks, Preston. 14 in a small way. For those of you who have seen 14 Dave Engdahl, 934 Sorrento Road, 15 the sculpture at the Chamber of Commerce, that 15 Jacksonville. 16 is an example of one which we would like to 16 As Preston mentioned, this is the 17 follow. 17 sculpture that he commissioned on the east side 18 We have already -- and Dave will give you 18 of the Chamber of Commerce Building. It's 20 19 a more comprehensive view of those which we 19 feet high and was done by a local artist, 20 have in progress or in place in other places as 20 Aisling Millar McDonald. So that was the first 21 well. And it is our hope and expectation that 21 one in place. 22 over the next year to two years, we might have 22 You're all familiar with this, probably. 23 as many as 10 or 12 of them in place, but we 23 This is a Jubran sculpture -- Hanna Jubran is a 24 have no real stopping point. 24 man -- sculpture from North Carolina, and 25 We would like to continue indefinitely and 25 Preston purchased this and gifted it to the Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 6 8 1 fill our downtown -- and at some of the 1 Friends of Hemming. And it's the intention of 2 wonderful building corners, as well as other 2 Friends of Hemming to go through the process to 3 public sites -- with these large, 3 gift this to the city for the Art in Public 4 three-dimensional, colorful works. 4 Places collection. This sculpture is 14 feet 5 My approach to the building owners and -- 5 high, just to give you a feel for scale. 6 or those -- the owners of buildings on whose 6 So this is a sculpture that's proposed in 7 property this will be situated -- or in some 7 front of Enterprise Center at Water Street and 8 cases, the building owner does not own the 8 Hogan Street. It is -- will be 28 feet high, 9 land, but, in effect, has the sidewalk, large 9 and it will sit atop a pedestal that's already 10 sidewalks in most cases, adjacent to the 10 5 feet high. So that's a lot of height. 11 building. 11 This sculpture -- and I'll flip through 12 And Dave is working with the appropriate 12 here. So those are the Wrench pieces that are 13 Public Works agencies to get permission for the 13 in progress. This is a sculptor from Oregon, 14 necessary foundation and lighting and other 14 rural Oregon. So this sculpture is about 95 15 things for that. 15 percent complete. We're really waiting on the 16 If any of you are familiar with the 16 site preparation. 17 sculpture in front of MOCA Jacksonville on 17 And this -- this is really -- two building 18 North Laura Street, just south of Duval Street, 18 tenants are involved, the building owner as 19 that's a perfect example of a sculpture on 19 well as Preston. So it's a multiparty 20 public property. 20 adventure -- venture, excuse me. 21 And my approach to the building owners, 21 This is one that -- a piece, again, by 22 whether it's in the sidewalk or in a portion of 22 Hanna Jubran that will go at the corner of Main 23 the building's property that is not on the 23 and Adams Street, the northeast corner. And 24 sidewalk, is that I will pay half if they will 24 Preston's partner on this piece is Eddie Farah. 25 pay half, and that has met with -- with good 25 This piece is 20 feet tall. It will sit on the Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 5 to 8 of 103 2 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 9 11 1 ground, and it will go right on the corner, 1 here, so it's a little hard to keep you 2 down from the Burrito Gallery. 2 anonymous at this point, but I understand. But 3 And that little paved area where I'm 3 it is a public meeting today. 4 standing, that can't be used for parking. And 4 It's amazing, some of the things, when 5 it'll form -- we're going to improve that -- 5 people like you step up. And I've heard you so 6 that area, and people will be able to walk to 6 many times, I want to do my part, I want to do 7 this. So this is totally on private property, 7 my part for my city, and this is a great 8 but -- and then the piece is just about 8 example. And I know the city is very 9 finished in North Carolina. We're actually 9 appreciative of this. 10 waiting on the site work. 10 And you mentioned, over a period of time, 11 The last of the five pieces is a -- this 11 to have 10 or 12 more pieces. What was that 12 is a 20-foot-high sculpture, aluminum, being 12 period of time? Two years or ten years? 13 done by a sculptor couple in Clearwater. And 13 MR. HASKELL: Yes. It's usually a 6- to 14 this is one that we would like to place on the 14 12-month process, from the beginning of 15 sidewalk. 15 contacting the building owner or major tenant, 16 Again, it's a partnership between Eddie 16 and then going through an artist selection 17 Farah and Preston, but the sculpture would be 17 process. Dave has a very good, long list of 18 placed on the sidewalk, just about 40-feet 18 sculptors throughout -- contemporary sculptors 19 north of Forsyth Street on Laura Street. So 19 throughout the country. 20 right at that intersection. And that gives you 20 And between the owner and myself and the 21 an idea of the placement of that piece. 21 Cultural Council and other arts community 22 This is a piece that will be gifted. The 22 representatives, consensus is reached on the 23 intention is to gift this to the city for its 23 work itself. And usually they are not existing 24 Art in Public Places collection. 24 works but are works to be commissioned, and so 25 So I guess that's kind of the images. In 25 the whole thing is about a year. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 10 12 1 total, the five pieces that I showed you, if 1 I think that once we get three or four of 2 you add up all the costs of sculptor -- 2 these in place -- and the Wrench sculpture, 3 sculpture, all the costs of the site 3 which is at the southeast corner of the 100 4 improvements that are required for the 4 Water Street Building, Enterprise Center, will 5 installation, it's in the range of $350,000. 5 be in place, I hope, in the next 30 days. We 6 It's all gifted to the city. No cost to the 6 have the one at Hemming Park. We have the one 7 city whatsoever. 7 at the Chamber of Commerce. We have the one in 8 MR. HASKELL: And that's only the 8 front of MOCA. Shortly thereafter, we will 9 beginning. 9 have the Eddie Farah sculpture on Adams Street. 10 MR. ENGDAHL: Yeah. 10 And I want to emphasize, the picture of 11 MR. HASKELL: We hope that this is, 11 Dave Engdahl in a parking space is not what's 12 perhaps, one-third of what we will see over the 12 going to really be there. Dave has created a 13 next couple of years. 13 very nice, little, park-like setting for it. 14 One personal request I would like to make, 14 It will be grassed and paved and will have 15 and that is, I don't want my name associated 15 seating, it will be illuminated at night, that 16 with this. I would like to be anonymous. 16 type of thing. So it really will be more than 17 We are working to create a title for it in 17 a sculpture, it will be a small people place. 18 connection with the Cultural Council, who will 18 But back to the timeline, that should be 19 eventually become the vehicle from -- through 19 our next one within, what, 60 days, Dave? 20 whom all of this is accomplished. 20 MR. ENGDAHL: Yes, March sometime is 21 (Chairman Bailey assumes the Chair.) 21 the -- 22 THE CHAIRMAN: Mr. Haskell, I want to 22 MR. HASKELL: Okay. So March of -- March 23 thank you. You're an institution in the arts 23 of this year? 24 community, among many, many other things. 24 MR. ENGDAHL: -- anticipated installation 25 This is a public meeting and the media is 25 of that first one. Yeah. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 3 of 40 sheets Page 9 to 12 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 13 15 1 MR. HASKELL: Exactly. And then the Laura 1 first and foremost, for the vision to see how 2 Street one? 2 important Art in Public Places is. I really -- 3 MR. ENGDAHL: We've got to go through the 3 I'm sure I speak for all of the board members. 4 City process of getting it approved as a gift 4 I also want you to know that if there's 5 through the agencies, through Art in Public 5 anything that we can do as you're moving 6 Places, through the mayor's office before we 6 through the process, whether through -- with 7 really will -- 7 Tony or anything else, please let, you know, 8 MR. HASKELL: So that will take a little 8 Aundra know or contact one of us because I do 9 bit longer, but I hope by -- certainly by the 9 think that it is so important to downtown. 10 end of May, first of June, there will be enough 10 And I'm hoping that maybe it will spread, 11 that people will actually notice, hey, 11 as Chairman Bailey said, to, you know, some 12 something is going on here, and it will make 12 other parts, but I like the idea that you're 13 the process of engaging other building owners 13 focused on the urban core. 14 easier than it is now. They will actually see 14 Thank you again. 15 the impact. 15 MR. HASKELL: Yes, indeed. 16 THE CHAIRMAN: I think it displays a sense 16 Thank you. 17 of pride in our community. And I think it's 17 (Applause.) 18 important. And I think once the -- you invent 18 THE CHAIRMAN: Okay. Tony. 19 the wheel, everyone can get in line and 19 (Mr. Allegretti approaches the podium.) 20 participate. And I hope that continues. And I 20 MR. ALLEGRETTI: Sorry. Is it okay with 21 would love to see it further down toward the 21 the Chair if I keep going? 22 Hyatt and Bay Street, toward the stadium, 22 THE CHAIRMAN: Please do. 23 and -- 23 MR. ALLEGRETTI: Awesome. 24 MR. HASKELL: Right. 24 So I'm going to try to make this as -- I 25 THE CHAIRMAN: -- and so on. So if 25 would like to talk about the Skyway, sorry. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 14 16 1 there's something we can do, let us know. 1 THE CHAIRMAN: Fill out a speaker card and 2 MR. HASKELL: I'll give you a ring. 2 you can. 3 THE CHAIRMAN: Okay. We would love to see 3 MR. ALLEGRETTI: Yeah, okay. 4 that. If we don't have space, maybe we could 4 So I'll try to be as brief as possible. 5 hang it over the parking lot. 5 I've got a lot of information. So at any point 6 I want to apologize for being late. I 6 I need to slow down and hit the brakes, just 7 went over to City Hall to see which one of you 7 let me know. You can ask at the end, however 8 fools would go over there for our meeting 8 you guys like. 9 instead of here, but -- it's been a busy day, 9 So I'm here on behalf of Art in Public 10 but thank you very much. 10 Places, which is housed in the Cultural 11 Do any of the board members have comments, 11 Council. Art in Public Places is a City 12 like to say anything to Mr. Haskell or 12 ordinance mandate. It's a percentage-for-art 13 Mr. Engdahl? 13 program that is, by its foundation, a set-aside 14 BOARD MEMBERS: (No response.) 14 for capital improvement projects for the City. 15 MR. ENGDAHL: Could I make one more 15 So when the City does vertical building, 16 comment? 16 there's a lot of sort of guardrails, but when 17 THE CHAIRMAN: Sure. 17 the City does a CIP Project, .75 of 1 percent 18 MR. ENGDAHL: As Tony alluded, we think -- 18 is to be dedicated to public art. 19 we see this as a potentially bigger thing that 19 So we have had some good fortune with the 20 we can generate through the Cultural Council; 20 Downtown Investment Authority and some other 21 you know, a bigger, long-term program, maybe 21 City agencies in being able to find funding for 22 going beyond the (inaudible). 22 public art, because it's so important and adds 23 THE CHAIRMAN: Thank you very much. 23 to our quality of life in such a way that we 24 Okay. Yes? 24 have been able to get projects outside of that 25 BOARD MEMBER DURDEN: Thank you very much, 25 percentage-for-art program. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 13 to 16 of 103 4 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 17 19 1 As you guys know, the DIA Urban Arts 1 attorneys that we worked with with JTA. Of 2 Project is one of those. The total is just 2 course, we had to work with JTA on the Skyway 3 about $400,000, which is really impressive when 3 columns. And he worked with this artist in 4 you hear Dave and Preston talk about their 4 Atlanta. This artist was a -- sort of a 5 initiative. They're one sculpture away from 5 troublesome graffiti artist that was in a lot 6 hitting that number. So you can really feel 6 of trouble in Atlanta, learned how to harness 7 good that you've inspired, before they've even 7 his eye and his creativity and became a very 8 really gotten their footing yet, almost an 8 successful public artist that would answer 9 equal amount of public art. And so that's a 9 calls and RFPs, such as the ones that we have, 10 really impressive thing. 10 but he also now is just completely in demand. 11 So I will jump straight into the DIA Urban 11 So he's being commissioned all over the world. 12 Arts Project. Many of you were around when 12 So it's a great guy for our local artists to 13 this was first brought. I was actually a DIA 13 come in and get to know and see that there is a 14 board member at that time. It was before I got 14 path to these massive works. So that was -- 15 this job when this idea was -- when this idea 15 again, that was a year ago. 16 surfaced. 16 This is our public arts project schedule. 17 And I am really proud of our team. We 17 These are the things that we've done. As you 18 have a small staff, and we've got a lot of 18 see at the bottom, these we'll be fabricating 19 work. And we are just really pleased to be so 19 and installation will happen this month through 20 busy and working so hard on this for our 20 April. So we'll be done and dusted with all of 21 downtown community. 21 these 34 works by these six artists by April. 22 This is the overlay that we use for the 22 This wouldn't fit on the slide, but this 23 APP projects for Phase I. It's our Phase I 23 is our -- our -- our sort of -- this is our 24 area. The purple you can see there, you might 24 project timesheet that we kind of look at 25 recognize that. That's the columns under the 25 what -- what certain -- I mean, it's so small, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 18 20 1 Skyway. So it's a tremendous amount of 1 I can't even read it. I'm so old now. 2 projects all in one line there. 2 But there are so many things that we have 3 A lot of these projects complement other 3 to do to get this. If you can imagine, the 4 art that we have downtown. We have lots of 4 City is not the most sophisticated art buyer, 5 murals. We have some of the sculptures that 5 so we have to broker that. And then we're 6 Dave and Preston talked about. And, of course, 6 buying things that are semipermanent or 7 we have art activities. We have Art Walk. We 7 permanent, that are, you know, really meant to 8 have the museum, the contemporary arts museum. 8 last forever and, you know, art subjective. 9 But, you know, just along that -- those purple 9 That's why we have 31 flavors. So we've got to 10 circles are some independent galleries and 10 kind of handle all of that, and it's just been 11 studios. And so we really are a very art and 11 a lot of work. 12 culture and creative downtown, and you guys are 12 We're going to make this available to you 13 contributing a lot to that. 13 guys because it's really interesting, all of 14 So we started about a year ago with a 14 the things that we have to do, so that you can 15 thing called the Urban Arts Project Symposium. 15 see that, but it's also worth knowing that this 16 This was a public event that we held to bring 16 starts in 2016. The DIA, our projects 17 in artists. We -- it culminated in an overview 17 obviously predate that. So this is the work 18 of the (inaudible) artists that -- we will see 18 that we've done so far. 19 some of the outcomes of that -- so that the 19 Design review criteria -- again, a lot of 20 artist community and art lovers could come and 20 this is reviewed. You know, artistic 21 learn more about that. 21 integrity, the artist's qualifications, is the 22 The prelude to that is we brought in a few 22 site appropriate, functionality, objectives, 23 artists to talk. One of the artists was a guy 23 tourist standards, does it appear to be safe 24 named HENSE. He did this church behind -- it's 24 and appropriate for an outdoor space use. 25 in Atlanta. He's connected to one of the 25 These are some of the guidelines that we take Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 5 of 40 sheets Page 17 to 20 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 21 23 1 into consideration. 1 That's Michelle Weinberg. This is 2 This is a look at pre-installed Skyway 2 something -- she's very -- got a very 3 columns. Kind of boring. I saw Brad earlier. 3 geographic -- not geographic. 4 I mean, come on, Brad. Just kidding. 4 BOARD MEMBER HARPER-WILLIAMS: Geometric? 5 So this is the artist -- one of the 5 MR. ALLEGRETTI: Yeah. Thank you, Kay. 6 artists. There's two artists. So the columns 6 Yeah, geometric. Thanks. Yeah, sophomore year 7 on Hogan will be Cecilia. Here (indicating), 7 was the best three years of my life. 8 this is a -- this is an artist rendering. 8 (Laughter.) 9 Don't -- don't throw anything at me. This is 9 MR. ALLEGRETTI: Look and feel. 10 likely close to what it will look like. It's 10 And so these are -- these are some of the 11 very colorful. It really will pop. The 11 examples of her ideas for the wraps. This is 12 columns aren't that close together, as you 12 close to what the finished product might look 13 know. 13 like as we -- as we see them installed in those 14 Here's some more. The one all the way to 14 seven places. 15 the left is a sort of collaborative effort 15 This is the first time we've done traffic 16 where Hogan meets Bay. So we have another 16 signal cabinets. They're -- they're wraps. 17 artist for Bay Street, which I'll get to. They 17 They -- they may prove very successful, wildly 18 are collaborating on that one, so it's kind of 18 successful, and people love them, and we'll do 19 a dual artist thing that we're doing. 19 more. We really want public feedback, and we 20 One of the awesome things about this 20 want to know if this is something that the City 21 project -- and it was, I don't know, number 40 21 wants to do because neighborhoods call us all 22 or so on this list -- is, we brought the 22 the time about being an acceptable place to -- 23 artists that were selected by the Art Selection 23 to have this kind of art. 24 Panel to Jacksonville so they could meet one 24 The City prefers -- is consistent with the 25 another, so they could collaborate, so they 25 State, which is -- they prefer wraps as opposed Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 22 24 1 could share ideas, but mostly so they could 1 to -- as opposed to paint. That's okay with us 2 hear from the public, so they could hear from 2 right now because we really kind of want to 3 our local artists, stakeholders like you guys. 3 see -- see what these look like. 4 We had really good turnout for that and good 4 So bike racks. That's not one. Lance 5 dialogue, and all the artists seemed to be very 5 Vickery is our bike rack artist. The one on 6 jazzed about working here downtown. 6 the left is supposed to sort of mimic 7 So this is Andrew Reed. This is some of 7 graffiti-style writing. It's a very cool bike 8 his work. He's on the Bay Street side. A lot 8 rack. 9 of his work is very alliterative, very -- got a 9 Some of these bike racks are so artistic 10 lot of symbolism, got a lot of -- where the -- 10 that we have to, you know, like plant bikes on 11 the -- Hogan Street is more abstract. This is 11 there, so people will understand that it's 12 a little more literal, a little more -- got 12 functional. 13 a -- got a bit of a cartoon feel, but we think 13 We had a bike -- this is anecdotal. We 14 is -- will look really successful as a 14 had a bike rack. And this was the -- Main 15 promenade. 15 Street was part of our Spark grantee who had 16 It's a really nice walk. If you've never 16 the sculpture initiative in Main Street Park. 17 walked kind of just north of the Omni, down 17 One of the bike racks actually saved a 18 this path, there's some really -- some really 18 life. Somebody jumped a curb and ran into a 19 great foliage. It'll be a nice strolling 19 bike rack while somebody was sitting right near 20 gallery for that walk. 20 it. Council Member Crescimbeni actually saw 21 This is a bit more detail of Andrew's 21 it, and so we have an art advocate for life now 22 work. That is a yet-to-be-adorned traffic 22 because it's -- he was there when a life was 23 signal cabinet. So this -- there's seven, I 23 saved. 24 believe -- yeah, seven traffic signal cabinets 24 So this is just some of the technical 25 that we have an artist working on. 25 information that Lance provided -- he's a Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 21 to 24 of 103 6 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 25 27 1 professor at UNF -- about the bike racks that 1 Which is how many pieces total? I'm just 2 he's doing. We can make all this, if you're 2 quizzing -- 3 interested, accessible to you guys. 3 AUDIENCE MEMBER: I'm not sure. 4 We did talk about things like how many 4 MR. ALLEGRETTI: A lot? 5 bikes could be, you know, locked to it, you 5 AUDIENCE MEMBER: A lot. 6 know, what's the sort of functionality where 6 MR. ALLEGRETTI: She failed that quiz. 7 they -- where they stand. And so these are all 7 I'm just joking. 8 considerations that Lance built into his -- his 8 So the -- there's a -- there's a large -- 9 designs. 9 so there are 34 in Phase I. We have three 10 And so street furnishings are next. And 10 phases, so it will be a large number of works. 11 this is Jenny Hager. So that's an original 11 These all really complement all the art 12 Jenny Hager that was also on the Main Street 12 and culture that we have going on downtown, as 13 Park project. These are some really cute -- 13 well as the new initiatives that pop up, such 14 multiple seats. If you're, you know, kind of 14 as the one that Preston and Dave presented to 15 all sitting on this lilly pad here -- how many 15 you guys earlier. 16 seatings did we do? 16 So that is Art in Public Places. I am 17 AUDIENCE MEMBER: Two. Two people can sit 17 available if you guys have any questions after 18 on each of those two. 18 the meeting. 19 MR. ALLEGRETTI: How many total furniture 19 By the sign-in, we have a survey that the 20 did we do? 20 public and the board are welcome to help 21 AUDIENCE MEMBER: Oh, two. 21 provide feedback so that we can best do our 22 MR. ALLEGRETTI: Two. Okay. So -- 22 work. 23 AUDIENCE MEMBER: For this -- this phase. 23 THE CHAIRMAN: Thank you, Tony. 24 The next phase more. 24 (Audience member approaches the podium.) 25 MR. ALLEGRETTI: Okay. And then -- so we 25 THE CHAIRMAN: Is she coming up to say Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 26 28 1 have an outdoor sculpture. So outdoor 1 something? 2 sculpture is Rafael Consuegra. The piece on 2 AUDIENCE MEMBER: I am. 3 the right is from St. Petersburg in Russia. 3 THE CHAIRMAN: Okay. 4 Raphael's got sculptures all over the world. 4 AUDIENCE MEMBER: We have Water Street. 5 He was the artist chosen for -- in front of 5 MR. ALLEGRETTI: Oh, yeah. Sorry. Never 6 Snyder Memorial. It's more like this one 6 mind. I thought I was done. I actually do 7 (indicating). And so he's got some great notes 7 have a Water Street presentation up next. 8 about the arrows pointing north, and it follows 8 Karen, I don't know if it's attached or -- 9 the river. It's representative of the river. 9 AUDIENCE MEMBER: It's on the same -- 10 And so our -- this is our guardian of the 10 MR. ALLEGRETTI: Oh, it's on the same -- 11 river, and she will -- I think she will be in 11 Sorry. Okay. So I'll keep going. Sorry. 12 front of Snyder Memorial. Let's go back and 12 Now we'll go into Water Street, too. As 13 just kind of look where -- right there 13 we mentioned with the -- with the DIA, Water 14 (indicating). So we have an idea where Raphael 14 Street is also one of those projects that is 15 will be. 15 not part of our Percentage for Art Program, so 16 So these are the next steps. The 16 it did not come from a CIP -- directly from 17 artwork's being fabricated. Much of the 17 the .75 of 1 percent from a CIP project. It's 18 artwork has -- has commenced. We've gone to 18 one that was contemplated years before I 19 contract with all the artists now, installation 19 actually arrived at the Cultural Council. 20 of these 34 works downtown. 20 And the thought there was, if we're going 21 The Phase II is going to give some pop to 21 to spend hundreds of thousands on painting the 22 the elbow district, so that's where we're 22 parking garage, what if we adorned it with art 23 heading next. And then by the summer of 2018, 23 for the same price, which is very forward 24 we will have the Phase III call to artists for 24 thinking. It's something to be proud of in 25 the entire project. 25 this city. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 7 of 40 sheets Page 25 to 28 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 29 31 1 So here's the Water Street parking garage 1 AUDIENCE MEMBER: David Griggs. 2 public arts project. Again, we've -- we've 2 MR. ALLEGRETTI: David Griggs. Sorry. 3 been working on this for a number of years. In 3 So the first guy has a couple of pieces 4 fact, I -- I helped with this before I was even 4 on -- if you've ever noticed the pieces that 5 in this role when I was back at the Chamber. 5 are on the side of the Ritz museum in LaVilla, 6 So this is -- shows some parts of the 6 there's some really interesting sort of 7 Water Street garage that are up for 7 successful, small public art on that building. 8 improvement. You know, we've got kind of a 8 So Ray King has the sort of translucent 9 gross metal fence on the left, that inset that 9 and reflective installation. So by day, you 10 you see. You know, of course, this is a 10 can see where the shadow and the play on the 11 gateway to downtown as you come through all the 11 light -- the natural light is part of the work. 12 progress and beauty of the new Brooklyn, you 12 And then at night, it also has sort of a 13 get into downtown, and the first thing -- one 13 reflective quality that gives it a little more 14 of the first things that you see is this 14 movement and a little pop to it as well. 15 garage, so -- it's got two very prominent 15 So this was -- we had -- this was our 16 corners there that you see, and then there's 16 meeting. Did we do this one? No. This was 17 a -- there's a brick wall that could use some 17 Hurricane Matthew. Yeah, so this one was wiped 18 improvement. 18 out by the hurricane. I'm so mad at Hurricane 19 And these are our semifinalists. We had 19 Matthew. We had -- we had -- for that weekend 20 hundreds of respondents to this call to 20 alone, we had these three artists, and we had 21 artists. The three are shown, and we'll go 21 another artist, a video artist, come in called 22 into each of these. We brought each of these 22 Mark Amerika to give a lecture at MOSH. It 23 guys and girls into Jacksonville to meet with 23 was -- it was terrible. We had -- we brought 24 the community and have a charrette. 24 in -- you know, we imported a lot of artists. 25 Unfortunately, it was right at Hurricane 25 And, sadly, we brought them in on hurricane Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 30 32 1 Matthew, so they flew in, they got checked into 1 week. 2 the Omni, and then panicked, and then we got 2 So this is the -- sorry. This is the 3 them on flights out before all the flights were 3 survey that I mentioned earlier. It's where we 4 canceled, so -- but they are very cool. We've 4 are asking for input from the parkers of the 5 been communicating with them and have been 5 garage. You know, obviously, that's a -- 6 collecting dialogue and feedback and sharing it 6 that's a full garage. In fact, the Cultural 7 with them throughout the process. 7 Council used to park there, but it is so packed 8 That's David Griggs from Denver. This is 8 all of the -- your -- all of the parking is 9 some of his work. It's a parking garage. So 9 full all the way to the top. And it's a really 10 you can see why that's relevant in this case, 10 successful parking garage in that respect, and 11 lots of color and lots of pop. 11 so we feel it's fitting to reward those -- 12 This is Haddad Drugan, LLC, from Seattle. 12 those workers and those downtown constituents 13 They specialize in site-specific art, such as 13 with some good art. 14 this. So here's a very handsome lit 14 It already has a bagpiper that plays every 15 silo/industrial surface there that they have -- 15 Friday, so -- I don't know if you knew that. 16 that they've done, which -- I don't know if we 16 So there they are (indicating). It's just 17 have a -- the daytime picture of this 17 proof that they were here right before the 18 particular piece looks like a completely 18 storm hit. And so we did do -- we did do tours 19 different piece of art. 19 of the building. They got to see the structure 20 We can make all these available to you 20 itself. They've been given the available 21 guys, too, so you can see where the selection 21 drawings and CAD and things that they will need 22 panel was coming from. 22 to pull off a project. 23 And then Ray King from Philly. Ray 23 They all get along. One thing that's cool 24 actually has a couple of pieces in our 24 is, this stuff is very competitive, especially 25 collection now, right? 25 when you get to this level of public artists, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 29 to 32 of 103 8 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 33 35 1 but there's a lot of camaraderie, and there's a 1 through Karen? We can just, like, let her 2 lot of information sharing. 2 know, and then she can, you know -- 3 So the overview of the next steps, 3 THE CHAIRMAN: Yeah, that would be fine. 4 September 5th, we had -- this is 2014 -- how 4 And then she can keep us apprised of any 5 old were you when this happened -- 177 5 events or any things that are coming up, any 6 applicants from 35 states. The three 6 openings, dates that you complete some of these 7 semifinalists came to visit us. The 7 things. So -- 8 anticipated proposal due date is in a couple of 8 MR. ALLEGRETTI: Awesome. 9 months, and then the installation date will be 9 THE CHAIRMAN: -- we definitely want to be 10 summer of next year. This is a massive 10 involved and want to -- want to be there. 11 project. It's one of the largest in the 11 MR. ALLEGRETTI: Awesome. 12 history of the Art in Public Places Project, 12 THE CHAIRMAN: Okay. 13 and it's got a lot of input. 13 MR. ALLEGRETTI: Well, it's certainly our 14 On that art selection panel alone was 14 pleasure. And I just want to thank our staff. 15 Council Member Anderson and Council Member 15 We do -- we do a lot of -- we do a lot of work, 16 Crescimbeni. So we got really good sort of 16 and I -- I get all the, you know, credit, and 17 top-down feedback from not just our users and 17 these guys are the ones who really -- 18 the folks that are on the street, but City Hall 18 THE CHAIRMAN: Okay. We won't give you 19 as well. 19 any credit. 20 So -- and I think that's just -- oh, on 20 Great job. 21 our web page, this is a good segue, we have all 21 MR. ALLEGRETTI: Thank you. 22 types of surveys and touch points for the 22 THE CHAIRMAN: Okay. With that, we are 23 community to give us feedback. You know, 23 going to move on to the JTA Skyway update. 24 coming up, we've got the courthouse Public Art 24 MR. WALLACE: Mr. Chairman. 25 Project. So we've got a tremendous amount 25 THE CHAIRMAN: I'm sorry. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 34 36 1 of -- we've been blogging and casting nets for 1 MR. WALLACE: Let's -- Let's move into our 2 lots of good input on that, and so that's 2 resolutions under the CRA area -- 3 the -- once these are done, that's the next 3 THE CHAIRMAN: Okay. 4 big, very large project. 4 MR. WALLACE: -- as well as the DIA, then 5 THE CHAIRMAN: Thank you, Tony. 5 we'll come right back to the Skyway. 6 Any comments from any members? 6 THE CHAIRMAN: Okay. At this time, we're 7 BOARD MEMBERS: (No response.) 7 calling the meeting of the Community 8 THE CHAIRMAN: Great. I don't know why I 8 Redevelopment Agency meeting first. And you 9 envision a chihuahua on crack, but thank you 9 have in your minutes, the Redevelopment Agency 10 very much for that presentation. 10 meeting minutes. We do have transcription, so 11 Anybody have any questions, concerns? Do 11 I guess the minutes are really just a summary 12 you need anything else from us at this point? 12 of the transcription. Everyone had a chance to 13 MR. ALLEGRETTI: No, I think we are -- we 13 read them? And do we have a motion to approve 14 are very good. We look forward to bringing 14 those minutes? 15 Phase II back, once -- once these guys all get 15 BOARD MEMBER HARPER-WILLIAMS: So moved. 16 installed. 16 BOARD MEMBER MOODY: Second. 17 THE CHAIRMAN: We would like to see some 17 THE CHAIRMAN: Okay. We have a second? 18 of the pieces that you didn't put in the 18 BOARD MEMBER MOODY: Yes. Second. 19 package that we could look at when we can. And 19 THE CHAIRMAN: Okay. Any discussion? 20 then keep us posted on those dates, any events 20 BOARD MEMBERS: (No response.) 21 or anything else that we could be aware of. 21 THE CHAIRMAN: All in favor, say aye. 22 You covered an awful lot of area in a short 22 BOARD MEMBERS: Aye. 23 period of time, and I appreciate you. 23 THE CHAIRMAN: Opposed, like sign. 24 MR. ALLEGRETTI: Cool. No problem. 24 BOARD MEMBERS: (No response.) 25 Would you -- would you like us to do that 25 THE CHAIRMAN: Okay. The first item is Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 9 of 40 sheets Page 33 to 36 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 37 39 1 Southbank parking. 1 where do you park; number two, for the public, 2 MR. WALLACE: Mr. Chairman, Resolution 2 making sure they know that they can come down 3 2017-01-01 is a resolution of the Downtown 3 and visit the Riverwalk itself. 4 Investment Authority Board of Directors, 4 Mr. Chairman, if there's any additional 5 instructing the DIA Chief Executive Officer, 5 questions, I'll be glad to entertain them at 6 through the Office of Public Parking, to take 6 this time. 7 all necessary action to effectuate a public 7 THE CHAIRMAN: Okay. Let's go around to 8 parking agreement with FDOT for use and 8 individual board members. 9 operation and management of certain surface 9 Mr. Gibbs, do you have any questions or 10 parking facilities within the FDOT right-of-way 10 comments? 11 as illustrated by Exhibit A itself. 11 BOARD MEMBER GIBBS: I'm glad to see you 12 This Board has already taken the action to 12 that you have five -- I'm sorry -- four lots 13 expend up to $575,000 of Southside TID funds 13 there near Friendship Park for the public, and 14 for improvements necessary for the use of the 14 I think this is a great idea. 15 aforementioned parking facilities and 15 BOARD MEMBER PADGETT: I have no comments. 16 requesting that the Jacksonville City Council, 16 BOARD MEMBER GREY: No comments at this 17 via a resolution or ordinance, effectuate the 17 time. 18 purpose of this resolution. 18 THE CHAIRMAN: Brenna. 19 Mr. Chairman, Exhibit A references seven 19 BOARD MEMBER DURDEN: Thank you. 20 lots throughout the Southbank itself. We have 20 I just want to make sure that the 21 been working hand in hand with Council 21 dollars -- I've seen in the -- one of the 22 President Boyer; as well as Mr. Mousa, the 22 whereas clauses that the 550- is in 2015-16 23 Chief Administrative Officer for the City; with 23 fiscal year, but has that been carried over to 24 FDOT, and we've been able to work out a 24 the current fiscal year? 25 situation where we would -- we would take over 25 MR. WALLACE: Mr. Chairman, through to Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 38 40 1 the management and operation of these seven 1 Ms. Durden, part of the funds were approved -- 2 parking lots from JTA, once we go through the 2 would have been for fiscal year '15-'16, and 3 legislative process with the City. 3 then part of the funds approved for fiscal year 4 We have to make sure these seven lots are 4 '16-'17, for which we're in right now. So that 5 for public parking purposes. We can only 5 would give you the total of the $575,000 that's 6 recoup the cost for operations. We've been 6 already been approved. 7 fortunate enough to negotiate with a no annual 7 BOARD MEMBER DURDEN: Okay. So the prior 8 lease fee payment to FDOT. So long as we have 8 commitment is still valid then? 9 public parking, we're not into the revenue 9 MR. WALLACE: Yes, that is correct. We 10 sharing and things of that nature having to do 10 have three years to expend those particular 11 with a fair market appraisal for those 11 funds. 12 particular lots. 12 BOARD MEMBER DURDEN: Okay. The only 13 We will bring back the lease terms to you 13 other thing is that I did hear you say that you 14 for your February consideration -- February 14 would be -- even though this authorizes you to 15 Board meeting -- February Board meeting 15 effectuate and execute the agreement, you would 16 consideration and approval, then we can then 16 actually be bringing it back to us in February? 17 move it on into the City Council legislative 17 MR. WALLACE: That is correct. It will be 18 process either late in February or early March. 18 back on your February -- February board 19 And hoping to get this out through the City's 19 meeting. 20 legislative process. More than likely, it will 20 BOARD MEMBER DURDEN: Thank you. That's 21 probably be early to mid April itself. 21 all I had. 22 Again, this is important because this is 22 THE CHAIRMAN: Mr. Moody. 23 to essentially help us promote riverfront 23 BOARD MEMBER MOODY: With all the activity 24 activation along the Southbank and also clear 24 we have on the Southbank, plus what's planned 25 up any issues with regards to, number one, 25 in the future and the nearby future, I think Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 37 to 40 of 103 10 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 41 43 1 it's a great idea. 1 THE CHAIRMAN: Okay. Any comments? 2 MR. CHAIRMAN: Thank you. 2 BOARD MEMBER HARPER-WILLIAMS: I'm just 3 BOARD MEMBER MOODY: Real positive. 3 glad to see that this is coming forward. We 4 THE CHAIRMAN: Mr. Barakat. 4 talked about this quite sometime ago, so I'm 5 BOARD MEMBER BARAKAT: Yes. Thank you. 5 happy to see it on our agenda. 6 Two things. The agreement that's coming 6 THE CHAIRMAN: Thank you. 7 back to us in February, is that the public 7 Mr. Wallace, does -- the two next to 8 parking agreement referencing Section 2? 8 Hendricks Avenue, those are still staging for 9 MR. WALLACE: That would be the -- that 9 the Overland expressway. Are they going to be 10 would be the lease terms for the agreement 10 accessible to us, the two that were -- they 11 itself that would come back to you. 11 don't seem to be highlighted on here, but 12 BOARD MEMBER BARAKAT: So that's -- is 12 between -- west of Flagler -- I mean, west 13 that -- is that different from the public 13 of -- yeah, Flagler, east of Hendricks Avenue. 14 parking agreement? 14 MR. WALLACE: Mr. Chairman, if there is -- 15 MR. WALLACE: No. 15 if there is not a "P" on here, then -- 16 BOARD MEMBER BARAKAT: That's the same 16 THE CHAIRMAN: Okay. I'm looking at the 17 thing? 17 copy. There's a "P" under there. 18 MR. WALLACE: Same thing, sir. 18 MR. WALLACE: Well, if there's a "P" 19 BOARD MEMBER BARAKAT: And then, secondly, 19 there, then those are the ones that we're going 20 it will be under our purview to manage and 20 to be -- those will be coming to us. 21 operate these. Does that include the 21 THE CHAIRMAN: Coming, but they're still 22 maintenance of these lots? 22 being used as staging, I think, right now. 23 MR. WALLACE: Yes, it does. 23 MR. WALLACE: Yeah, but as that stages -- 24 BOARD MEMBER BARAKAT: Okay. So any 24 THE CHAIRMAN: Okay. 25 vandalism or any landscape improvements needed 25 MR. WALLACE: -- phases out -- Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 42 44 1 over time, that will be on the DI- -- from the 1 THE CHAIRMAN: Phases out. Okay. 2 DIA budget? 2 MR. WALLACE: Yes, that is correct. 3 MR. WALLACE: That is going -- that is 3 THE CHAIRMAN: Okay. Very good. 4 going to come up under our purview, yes. 4 Council President Boyer, do you have 5 BOARD MEMBER BARAKAT: And do you 5 anything you want to add? 6 anticipate that coming from the public parking 6 COUNCIL PRESIDENT BOYER: No. 7 revenues, or does that come from our 7 THE CHAIRMAN: Okay. With that, we have 8 operating -- it would be another line item in 8 Resolution 2017-01-01. Do we have a motion? 9 our future operating budget? 9 BOARD MEMBER GIBBS: So moved. 10 MR. WALLACE: What I certainly hope is 10 THE CHAIRMAN: Second? 11 that we're going to capitalize this initiative 11 BOARD MEMBER HARPER-WILLIAMS: Second. 12 with the $575,000 that we've appropriated thus 12 THE CHAIRMAN: Any discussion? 13 far, then we're going to be able to recoup our 13 BOARD MEMBERS: (No response.) 14 costs, hopefully, through being able to charge 14 THE CHAIRMAN: If there's no further 15 for -- for public parking. 15 discussion, I want to open up to the audience. 16 If there are -- if that does not generate 16 Anyone from the public who would like to talk 17 enough revenue for us to cover whatever -- 17 about 2017-01-01? 18 whatever issues that may arise, then, yes, I 18 AUDIENCE MEMBERS: (No response.) 19 will have to come back to you and talk about, 19 THE CHAIRMAN: Seeing no one, with that, 20 these are some costs that we have, and 20 all in favor, say aye. 21 appropriate use of funds that could necessarily 21 BOARD MEMBERS: Aye. 22 be for the Southside TID. 22 THE CHAIRMAN: Opposed, like sign. 23 BOARD MEMBER BARAKAT: Thank you. 23 BOARD MEMBERS: (No response.) 24 THE CHAIRMAN: Mr. Meeks. 24 THE CHAIRMAN: Very good. Thank you. 25 THE VICE CHAIRMAN: No comments. 25 Mr. Wallace, Resolution 2017-01-02, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 11 of 40 sheets Page 41 to 44 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 45 47 1 Southbank Apartment Ventures. 1 adequate Riverwalk capacity and space itself. 2 MR. WALLACE: Yes, sir. Mr. Chairman, 2 If I'm not mistaken, I think that we now will 3 this is a resolution of the Downtown Investment 3 end up having roughly about 20 feet of 4 Authority authorizing the Chief Executive 4 Riverwalk space, and it will be in a tiered 5 Officer to negotiate an economic development 5 aspect, about 8 feet on a lower level and about 6 agreement authorizing a market-rate multifamily 6 12 feet on a higher -- higher level itself, but 7 housing Recapture Enhanced Value Grant, known 7 still giving us 20 feet along the Riverwalk 8 as a REV Grant, between the Downtown Investment 8 accessibility there. 9 Authority and Ventures Development Group, LLC, 9 Also, what this -- is taking place is, as 10 and authorizing the CEO of the Downtown 10 you go south, on the eastern edge of the actual 11 Investment Authority to execute such agreement. 11 property, going down by the actual river -- I 12 Mr. Chairman, hang on one second. I've 12 mean, by the actual railroad tracks, that will 13 got a document I want to pull up. 13 also accompany improvements along that 14 BOARD MEMBER DURDEN: And while you're 14 particular area as well. So if you are walking 15 looking for that, Mr. Chairman -- 15 in front of the building, on the actual 16 MR. WALLACE: Go ahead. 16 Riverwalk and you make a right, you'll be able 17 BOARD MEMBER DURDEN: Is this one of the 17 to walk down towards the -- on the -- going 18 hand notes that we were given an update on -- 18 south, also on the eastern side of that 19 MR. WALLACE: Yes. 19 building, and you will be able to go directly 20 BOARD MEMBER DURDEN: Thank you. 20 to Prudential, then walk over the actual 21 THE CHAIRMAN: It should be in your other 21 railroad tracks and then come along, hopefully, 22 things. 22 San Marco Boulevard, and then wind your way 23 MR. WALLACE: Mr. Chairman, in short, this 23 back towards the actual Riverwalk itself. 24 is a project on the Southbank itself. The 24 So one of the other concerns that came out 25 property is probably known in the marketplace 25 of -- on the actual design itself, happened to Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 46 48 1 as the Hines property. I think the site is 1 be from a garage aspect, would it be seen or 2 roughly about 2.9 acres itself. 2 would it not be seen. As you can see, what I'm 3 What is being proposed on this particular 3 talking to you right here in terms of the 4 site is -- is roughly 297 units of apartments. 4 design itself, as you see, there's improvements 5 I think we'll see an item later on, on this 5 going along, all the way down -- from the 6 particular agenda, for -- to address an 6 Riverwalk all the way down to Prudential. 7 allocation of development rights, but 7 Please give me the next slide. 8 presently, at this particular point in time, 8 That's -- that's the project site -- keep 9 they did come forward to us in a prior month to 9 moving the slides for me -- but that is the 10 get an allocation of development rights. There 10 actual site itself. 11 has been extensive conversation with regards to 11 So in terms of the project cost, the total 12 this project ranging from -- particularly, most 12 project cost -- keep moving -- we are going to 13 importantly, from a design aspect. 13 have a total project cost for this particular 14 We, from a staff standpoint, as -- we have 14 project at roughly $62.3 million for this 15 worked with the developer on the design, and 15 particular project. 16 that design will be heard at DDRB tomorrow at 16 What they are actually seeking is a REV 17 2 o'clock. And this particular -- there was a 17 Grant. As you -- as I talked earlier about a 18 slide there, but it's no longer there, but 18 tier, you see the top level, it's roughly 19 nevertheless, the property is right to the -- 19 12 feet. The bottom level is actually 8 feet. 20 it's on the Southbank, again, next to what is 20 But combined, it gives you Riverwalk capacity 21 known -- what is currently occupied now by 21 and capability along there of about 20 feet 22 Aetna in that building. So the property is to 22 itself. 23 the east of that. 23 So there's apartments, more townhouses 24 One of the things that we've worked with 24 that front the actual garage, so you do not see 25 the developer is to make sure that we have 25 the garage from the actual -- as you see the Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 45 to 48 of 103 12 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 49 51 1 townhouses, they do not -- you do not see the 1 of the correspondence from their equity 2 actual parking garage itself. 2 partner. This project is looking at a 3 And that is the complete site right here 3 construction loan of roughly about $40 million. 4 (indicating) of this particular project. 4 And then the equity in this project is going to 5 So I would venture to say that staff, in 5 be roughly about $21.8 million. So from an 6 doing its job, we've attempted to mitigate any 6 equity side, they're looking for, roughly, 7 particular concerns that I actually heard at 7 about a 7 percent rate of return on that 8 DDRB. Also, getting some improvements, I 8 particular money, so -- you know, but that's 9 think, from the Riverwalk itself and working 9 also predicated by knowing that they're going 10 with the developer. And again, with the 10 to potentially get -- not potentially, that 11 300 units, that would be the allocation, but in 11 they're going to get this particular REV Grant. 12 their pro forma, they're running it at 297 12 So I definitely do not want to stymie 13 units. 13 anything with regards to their credit 14 And so they will be seeking a REV Grant of 14 underwriting process, but I think this project 15 75 percent for 15 years. So basically, we run 15 has -- from the time that we saw it initially, 16 this over a 20-year time frame. So the total 16 until now, this project has definitely come a 17 taxes that would be collected over that 17 long way. 18 particular 20 years would be $14.8 million. 18 THE CHAIRMAN: You said tomorrow is 19 That's what would come into us. And the 19 conceptual? 20 outflow -- what I mean by that is the 20 MR. WALLACE: Yes, sir. 21 75 percent REV Grant -- would be approximately 21 THE CHAIRMAN: Okay. 22 $7.6 million that would go to the developer 22 MR. WALLACE: Yes, sir. Tomorrow's 23 over a 15-year time frame, leaving a net of 23 conceptual. 24 $7.1 million to our actual TIF over that 24 THE CHAIRMAN: Yeah. Let's -- let's go 25 particular 20-year time frame itself. 25 around. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 50 52 1 So from this standpoint, Mr. Chairman, I 1 Ms. Harper-Williams, any questions? 2 think that -- not that I think, I know that 2 BOARD MEMBER HARPER-WILLIAMS: No. I -- I 3 from a staff standpoint, we have done as good a 3 think that -- I mean, I can't speak for DDRB, 4 job as we possibly can on this particular 4 but I don't have any concerns about the design 5 project itself. 5 of this building. I think it does a service, 6 One of the things to also note, as I 6 or at least is -- acknowledges the river, I'll 7 indicated, the construction is $62 million. 7 say that. 8 They've got a land acquisition cost at about 8 So it looks like a great deal of detail 9 40 -- at about 4.25 million. So they've got a 9 has been paid to that, and I can appreciate 10 total price, total unit in terms of land of 10 that we can't see the parking garage, and I 11 roughly $14,000. Hard cost is roughly about 11 think that this will be a sought after -- these 12 51 million. So that's roughly about $171,000 a 12 are apartments? 13 unit itself. 13 MR. WALLACE: Yes. 14 So all in, with the other soft costs and 14 BOARD MEMBER HARPER-WILLIAMS: You 15 financing costs, you know, they're running 15 mentioned townhomes, so I wasn't sure. So I 16 right at about $210,000 a unit cost on this 16 think that this will be a highly sought after 17 particular project. 17 building once -- once it's up. 18 So, Mr. Chairman, I can entertain any 18 THE CHAIRMAN: Thank you. 19 questions that the board may actually have. I 19 Jack Meeks. 20 know that, you know, some will say, well, 20 THE VICE CHAIRMAN: I just want to 21 they've got to go through DDRB. Yes, they do. 21 compliment Mr. Wallace and your staff. I -- 22 They will be at DDRB tomorrow. That will be 22 from a financial standpoint, I don't think I 23 conceptual. They have not gone through final. 23 can probe you for any more questions. That was 24 The final will be in February. 24 a good presentation. 25 I'm trying -- I've already received a copy 25 And I think I understood that there has Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 13 of 40 sheets Page 49 to 52 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 53 55 1 been a workshop regarding the design of the 1 BOARD MEMBER BARAKAT: And that is 2 building? 2 untouched? 3 MR. WALLACE: Yes, sir. There was a 3 MR. DALY: Untouched. Correct. 4 workshop in November, well attended, also 4 MR. WALLACE: Untouched. 5 attended by members from the board itself, but 5 BOARD MEMBER BARAKAT: Thank you. 6 I will say, there was engaging conversation 6 THE CHAIRMAN: Mr. Moody. 7 from the DDRB and frank conversations. 7 BOARD MEMBER MOODY: If they can get 8 And I concluded that meeting by saying I 8 300 units in an area that I thought was a very 9 heard everyone. I heard DDRB, I heard our 9 challenging site -- and it looks good. I mean, 10 board members. And I've also heard from the 10 it's a good design, and I think it's going to 11 district councilperson equally as well. So I 11 be a real asset to that area. 12 attempted to listen to all three, work with the 12 No other comments. 13 developer and come up with what I think does 13 THE CHAIRMAN: Thank you, Mr. Moody. 14 work, and also gets us the ability to have 300 14 Ms. Durden. 15 additional units hopefully come online. 15 BOARD MEMBER DURDEN: I want to follow up 16 THE VICE CHAIRMAN: Again, thank you for 16 on a question that Mr. Barakat had. I noticed 17 your efforts. 17 that we're talking, on one hand, about 15 18 THE CHAIRMAN: Mr. Barakat. 18 years, and then we're also talking about 19 BOARD MEMBER BARAKAT: Thank you, 19 20 years. Could you tell us what the -- how 20 Mr. Chairman. Just one question to Mr. Wallace 20 much the number is over the 15-year period 21 or Mr. Daly. 21 where we -- as opposed to the 20? 22 The 7.1 million, I think you mentioned 22 In other words, how much of that 7.1 comes 23 going to the City, correct, that's the total 23 in the last 5 years and how much is in the 24 dollars over 15 years? How much of that is 24 first 15? 25 going to the school district and how much will 25 MR. WALLACE: Okay. Tom, break that down Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 54 56 1 remain in the district? 1 for me and get back -- 2 MR. WALLACE: Mr. Chairman, to 2 THE CHAIRMAN: Okay. And we can -- we can 3 Mr. Barakat, the $14.8 million that I talked to 3 go on to Mr. Grey and come back to that while 4 you about, that is the amount that is actually 4 he finds that. 5 going to come in to the actual TIF. The other 5 BOARD MEMBER GREY: I have no comment. 6 portion has already gone out to the -- to the 6 THE CHAIRMAN: Mr. Padgett. 7 school board. I don't have what that 7 BOARD MEMBER PADGETT: I don't have 8 allocation is going to be right now. 8 anything major. We've talked many times about 9 Tom, if you want to look that up -- 9 what we can get per foot in rent and what it 10 BOARD MEMBER BARAKAT: That's all right, 10 cost to build. We have to cover the gap to be 11 that response. 11 able to do projects like this in Jacksonville. 12 MR. WALLACE: But what I've given you, of 12 So this is -- we have to say "yes" if we want 13 the $14.8 million that comes in to the TID and 13 to have these units on the river down there. 14 the outflow to the actual developer would be 14 THE CHAIRMAN: Thank you. 15 $7.6 million, leaving us with -- the actual net 15 Mr. Gibbs. 16 is roughly $7.1 million that stays with us over 16 BOARD MEMBER GIBBS: My concern was public 17 that 20-year time frame. He's collecting his 17 access. What's the width of that walkway that 18 over 15. I'm telling you what we're getting 18 runs southwest? 19 over -- over a 20-year time frame, which is the 19 THE CHAIRMAN: Along the railroad track? 20 7.1. 20 BOARD MEMBER GIBBS: Correct. 21 BOARD MEMBER BARAKAT: That adds up to 21 THE CHAIRMAN: Yeah, that improvement 22 more. Okay. 22 along there is still angled parking and so on, 23 MR. DALY: Through the Chair, the school 23 but -- or parking along that site, but what 24 board portion would be $9,956,000, as an 24 does that -- that landscape walkway look like? 25 estimate. 25 MR. PAROLA: To Board Member Gibbs, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 53 to 56 of 103 14 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 57 59 1 there's a 12-foot walkway on -- it's flanked on 1 parking garage is actually wrapped with those 2 either side by 4 feet of landscaping. It 2 apartments and how high that's going up. Is it 3 becomes colinear with the Riverwalk, which is 3 going up to the level where the pool is going 4 20 feet, as Aundra explained, divided the 4 to be? 5 existing 8, plus an existing above grade 12 -- 5 THE CHAIRMAN: Mr. Diebenow, do you want 6 BOARD MEMBER GIBBS: Thank you. 6 to introduce yourself and then -- 7 MR. PAROLA: -- for a total of 20. 7 (Mr. Diebenow approaches the podium.) 8 BOARD MEMBER GIBBS: Okay. Great. 8 BOARD MEMBER DURDEN: And then how much 9 There's the amount. 9 of -- if you're looking at the whole -- you 10 Thank you. 10 know, the surface, Steve, for a better -- I 11 THE CHAIRMAN: Okay. If you guys -- 11 don't know what the word is from an 12 BOARD MEMBER DURDEN: So -- 12 architectural perspective, but, you know, how 13 THE CHAIRMAN: Ms. Durden, I think they've 13 much of that wall, going up from the ground, up 14 got your response. 14 to where the pool is -- 15 MR. DALY: Yes, through the Chair to Board 15 THE CHAIRMAN: You're talking about this 16 Member Durden, over the first 15-year period, 16 (indicating)? 17 the estimated inflows are 10,200,000. 17 BOARD MEMBER DURDEN: Yeah. 18 BOARD MEMBER DURDEN: Well, we're only 18 THE CHAIRMAN: Right. 19 getting 7.1 for the entire 20 years. My 19 BOARD MEMBER DURDEN: How much of that 20 question was -- 20 wall -- 21 MR. DALY: No, no. That's the total. He 21 THE CHAIRMAN: How much of that is 22 was giving you the net. I'm just giving you 22 townhomes and how many townhomes are -- 23 the total inflows. So the net would be 3- -- 23 MR. DIEBENOW: Right. 24 THE CHAIRMAN: Ms. Durden, were you going 24 My name is Steve Diebenow, 1 Independent 25 to ask another question? While they -- 25 Drive, Suite 1200. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 58 60 1 BOARD MEMBER DURDEN: I was. 1 I'm here on behalf of the developer, who 2 THE CHAIRMAN: Go ahead. 2 is also with me in the audience, Sean Siebert, 3 BOARD MEMBER DURDEN: I was. I wasn't 3 who many of you have met, but the -- if you go 4 sure we were allowed to talk about design 4 back to the other slide that shows the whole 5 because, of course, that's been my big concern 5 facade -- 6 about the project. Can we -- if I'm allowed to 6 So across that entire length, about 7 talk about design, then I do have a couple of 7 70 percent, it's entire garage. The first 8 questions. 8 three stories of the structure are garage. So 9 One of the slides showed that the 9 the entirety of that facade that's along the 10 apartments on the first level -- could we go 10 river is -- is garage, but the units, which 11 back to that slide? 11 there are about 15 townhomes, cover 70 percent 12 THE CHAIRMAN: Karen, could you go back 12 of the facade. 13 to -- that one, or do you want to see the -- 13 So where you see the palm trees, right in 14 BOARD MEMBER DURDEN: I want to -- well, 14 the middle of the slide, along the river, you 15 that one's okay. I was trying to get a feel 15 see a little -- there's a set of three palm 16 for -- that one, yeah. 16 trees. That is a garden seating area that is 17 So my question is, does that mean -- I'm 17 basically indented or between the two sets of 18 trying to figure out. Is it one apartment, 18 townhomes. That area is about 30 percent of 19 townhouse that's going to go up three stories 19 the facade, and it has a green wall behind it. 20 from -- is that what -- or are there separate 20 So only about 30 percent of the garage is the 21 or -- I'm just trying to get a feel for how 21 first thing that you see. Again, you're really 22 high the residential is going to be at -- and 22 seeing a green wall between the Riverwalk and 23 wrapping that garage is what I understand, 23 the garden area, and then the cars behind the 24 wrapping the garage, and I don't know -- I was 24 green wall. 25 trying to get a handle around how much of the 25 But to give you an idea of the scale, the Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 15 of 40 sheets Page 57 to 60 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 61 63 1 setback from the bulkhead to the units is about 1 MR. DIEBENOW: Yeah, they're townhomes. 2 25 feet. It's 20 feet of Riverwalk and then 2 Correct. 3 about 5 feet of the landscaping. The setback 3 BOARD MEMBER DURDEN: Okay. And then on 4 from the bulkhead to the back of the garden 4 the side of the building that is in this 5 seating area, to the green wall, is 43 feet. 5 diagram, on the left-hand side, are there 6 And so what we've done is, we've pushed 6 apartments on that side too? 7 the building back, based on the feedback we got 7 MR. DIEBENOW: That's the garage. 8 at DDRB. Basically, every parking spot that 8 BOARD MEMBER DURDEN: Okay. 9 was on the site that was 90-degree parking has 9 MR. DIEBENOW: So you're looking on the -- 10 been made parallel. And so what that allowed 10 on the -- the eastern elevation. 11 us to do was -- although we lost a significant 11 BOARD MEMBER DURDEN: The river is on the 12 number of parking spaces, what it allowed us to 12 right side? 13 do was to make the sidewalk along the railroad 13 MR. DIEBENOW: Adjacent to the -- to the 14 tracks, instead of being 8 feet wide with maybe 14 railroad tracks. 15 a foot of landscaping on either side, it became 15 BOARD MEMBER DURDEN: Yeah. Okay. 16 12 feet wide with two 4-foot landscape islands 16 MR. DIEBENOW: That is a -- that's a 17 on either side of the walkway. 17 screened section of the parking garage. It 18 BOARD MEMBER DURDEN: So it's a total of 18 looks blue or light blue in that rendering. 19 20? 19 THE CHAIRMAN: Okay. 20 MR. DIEBENOW: So it's -- no. Along the 20 BOARD MEMBER DURDEN: That was -- that's 21 railroad tracks it's 16 feet wide, 12 feet of 21 all my questions as far as the design, but I'd 22 pavement and then 4 feet of landscaping on each 22 like to know how much money the TIF is actually 23 side. Twenty, yeah. I'm sorry. I can't do 23 going to get -- 24 math. Twelve, plus 4 plus 4. Twenty feet wide 24 THE CHAIRMAN: Yeah, we're getting back 25 along the railroad tracks. 25 to -- Tom, are you ready for -- Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 62 64 1 And then by pushing the building back, 1 BOARD MEMBER DURDEN: -- in those first 15 2 away from the water, we were able to make the 2 years. 3 Riverwalk 25 feet wide minimum with that one 3 MR. DALY: Yeah. So the total inflows 4 43-foot indention for the garden seating area. 4 over the 15-year period would be 10,200,000, 5 All of that area in front of the building, 5 and the total outflows remaining, 7.6 million, 6 between the building and the Riverwalk, is 6 for an approximately $2.6 million net inflow. 7 public. It's intended to be public, except 7 BOARD MEMBER DURDEN: During the 15 years, 8 there will be terraces coming out into those 8 2.6? 9 5-foot areas, off of the -- the ground floor, 9 MR. DALY: During the 15-year period, 10 four units of the townhomes, but the 20-foot 10 correct. 11 Riverwalk, entirely public. The garden seating 11 BOARD MEMBER DURDEN: To the TIF? 12 area is intended and entirely public. 12 MR. DALY: Correct. 13 And you can't really see it in this 13 BOARD MEMBER DURDEN: So most of the 7.1. 14 picture, but there are stairs kind of midway 14 In other words, we're going to have to 15 down the Riverwalk that allows you to go from 15 wait to that 16th year to really get the -- the 16 the 8-foot level up to the 12-foot level and 16 big bump. 17 then back into the -- the garden seating area. 17 MR. DALY: If I may, the simple math is 18 It's a long answer. I'm sorry. 18 the 75 percent REV Grant. 19 BOARD MEMBER DURDEN: No, that's okay. 19 BOARD MEMBER DURDEN: Thank you. 20 Thank you very much. 20 THE CHAIRMAN: Okay. Does that answer 21 Just for clarification, then, you're 21 everyone's questions? 22 saying that from the ground floor up to the 22 BOARD MEMBERS: (No response.) 23 first, second and third floors of this area are 23 THE CHAIRMAN: Okay. Any more discussion? 24 going to be apartments. 24 BOARD MEMBERS: (No response.) 25 Now, just for one -- is that correct? 25 THE CHAIRMAN: Council President Boyer, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 61 to 64 of 103 16 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 65 67 1 any comments? 1 will be coming back on the market, that will 2 COUNCIL PRESIDENT BOYER: (Shakes head.) 2 significantly increase our vacancy rate. And 3 THE CHAIRMAN: Do we have anybody from the 3 we don't want to be in a situation where this 4 public that would like to speak on this issue? 4 landlord comes in and tries to go to the Value 5 AUDIENCE MEMBERS: (No response.) 5 Adjustment Board and get their ad valorem taxes 6 THE CHAIRMAN: None. Okay. 6 adjusted. 7 With that -- 7 So they have a current tenant there, One 8 BOARD MEMBER GIBBS: Mr. Chairman, I'd 8 Call Medical, that does Workers' Compensation 9 like to move to approve this particular 9 claims processing, back office work. One Call 10 resolution, 2017-01-02. 10 Medical currently has about 550 employees 11 THE CHAIRMAN: Thank you. 11 located in the suburbs of Northeast Florida 12 We have a motion to approve. 12 itself. They will be looking to bring 550 13 Second? 13 employees -- 554 employees from Baymeadows to 14 BOARD MEMBER GIBBS: Thank you, sir. 14 this particular site. 15 BOARD MEMBER PADGETT: Second. 15 In addition to that, they will be creating 16 THE CHAIRMAN: Okay. No further 16 107 new jobs, and those positions are the 17 discussion, all in favor, say aye. 17 following: 18 BOARD MEMBERS: Aye. 18 Customer care coordinator, they will hire 19 THE CHAIRMAN: Opposed, like sign. 19 60 of those individuals at an annual wage of 20 BOARD MEMBERS: (No response.) 20 $29,000. 21 THE CHAIRMAN: Very good. Thank you. 21 They're going to have customer care 22 I think there was a lot of hard work, a 22 supervisors. They're going to have five of 23 lot of cooperation, and I'm sure a lot of 23 those, and their salary is $40,000. 24 expense by a lot of people to get here, but it 24 They're going to have a customer care 25 looks good. 25 manager. They're going to have two of those, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 66 68 1 That brings us to Resolution 2017-01-03, 1 and each one of them will be making $55,000 a 2 One Call REV Grant. 2 year. 3 MR. WALLACE: Mr. Chairman, this is a 3 They will have people in the IT-related 4 resolution of the Downtown Investment Authority 4 industry, and they're going to hire 34 of those 5 to support an execution of a Business 5 individuals, making roughly $110,000 a year. 6 Attraction Incentive Agreement between the 6 And then they've got a director. There 7 Downtown Investment Authority and IP Capital 7 will be two of those that will be making 8 Partners and One Call Medical, Inc. This is 8 roughly about $150,000 a year. 9 authorizing the CEO of the Downtown Investment 9 And they're going to hire four people in 10 Authority to negotiate the Business Attraction 10 their general accounting and finance, making 11 Incentive Grant agreement itself. 11 roughly about $40,000 a year. 12 Mr. Chairman, this particular property is 12 So it's 107 employees. Total wages and 13 currently where Aetna is located right now. 13 benefits, included annually, is roughly about 14 And as we have discussed before, Aetna and 14 $8.1 million. So bringing those particular 15 Humana are working on a merger and both of them 15 jobs into downtown and backfilling 16 will be vacating downtown at some particular 16 80-plus-thousand square feet of that 165,000 17 point in time. 17 square feet of space that will be coming back 18 I know that Aetna will be vacating, based 18 on the market is important. 19 upon this lease, late fall, in September. They 19 What's also good is we've got a plethora 20 currently occupy 165,000 square feet of space 20 now -- I don't want to -- I can use "plethora." 21 in that building with over 850 employees, not 21 We've got a number of different housing options 22 to count the Humana individuals that will be 22 for people in these particular income ranges. 23 moving out of the SunTrust building. 23 If you're making $29,000 a year, we've got 24 But specifically, on to the Southbank 24 130 units of apartments coming available in 25 itself, with 165,000 square feet of space that 25 LaVilla that's a mile away from where they Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 17 of 40 sheets Page 65 to 68 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 69 71 1 would be potentially be working. You've got 1 tell us what the impact is to downtown to fill 2 264 units coming up next to the school board. 2 up this much space this quickly. It looks like 3 Hopefully, we'll have almost 300 units coming 3 a no-brainer to me. 4 available right next door to them. And not to 4 THE VICE CHAIRMAN: Mr. Barakat, it sounds 5 leave out the 295 units that you approved last 5 like you're up. 6 month over in the Brooklyn neighborhood. 6 BOARD MEMBER BARAKAT: Sounds like I was 7 So I think that we can promote our housing 7 set up here, yeah. 8 opportunity to these particular individuals 8 So yeah, anytime you can bring in an 9 that will be working in that particular site, 9 80,000-square-foot tenant to downtown is a -- 10 but getting back on this particular topic, for 10 it's a -- it's a good day for any submarket, 11 a million dollar incentive, spread out over a 11 let alone downtown Jacksonville. 12 10-year time frame of a hundred thousand 12 The only -- the only question I have is 13 dollars a year, we would bring these 107 new 13 coming up with the $100,000 per year. Is 14 jobs to the actual Southbank, along with the 14 that -- the methodology, is that based on the 15 554 individuals that will be relocating from 15 forecasted ad valorem or the increase in the 16 Baymeadows to downtown. 16 assessment based upon this tenant's occupancy 17 So, Mr. Chairman, this is what we have 17 of that building? Is there some relationship 18 before us today. This will be coming out of 18 between that forecasted increased assessment 19 the Southside TID as an incentive to lure this 19 and the 100,000 per year? 20 particular business to the Prudential Drive 20 MR. DALY: Yes, it's based off a two-step 21 building where Aetna is currently located. 21 process. In this case, we worked with the 22 (Vice Chairman Meeks assumes the Chair.) 22 property appraiser's office, told what the 23 THE VICE CHAIRMAN: Thank you, 23 maximum effect of Aetna leaving would be on the 24 Mr. Wallace. 24 ad valorem and then what the positive impact of 25 I hadn't expected this to be such an 25 backfilling this space would be. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 70 72 1 active day for me, but oh, well. 1 BOARD MEMBER BARAKAT: And are we -- with 2 Mr. Gibbs, we'll start with you. Any 2 this hundred-thousand-dollar-per-year grant, 3 questions or comments? 3 are we at a wash, or will we still be ahead 4 BOARD MEMBER GIBBS: I think it would be 4 once the backfill occurs? 5 great that some of these individuals could live 5 MR. DALY: With the lease space, it's a 6 in LaVilla, jump on the Skyway Express and get 6 more exact science than a regular REV grant, as 7 off at San Marco and get to work. 7 you know, but we should be slightly ahead. I 8 Also, as Mr. Wallace pointed out, having 8 mean, we're trying to backfill the space. 9 300 units, those individuals could perhaps walk 9 BOARD MEMBER BARAKAT: So the benefit is 10 to work. 10 slightly ahead in tax revenue, although that's 11 I think it's a great project. 11 an unknown, and the multiplier effect 12 THE VICE CHAIRMAN: Thank you. 12 referenced by prior board members and 13 Mr. Padgett. 13 Mr. Wallace? 14 BOARD MEMBER PADGETT: I agree with 14 MR. DALY: (Nods head.) 15 Mr. Gibbs. 15 MR. WALLACE: Also, Mr. Chair, the one 16 No other comments. 16 real motivating factor was how long would the 17 THE VICE CHAIRMAN: Mr. Grey. 17 165,000 square feet space stay on the market. 18 BOARD MEMBER GREY: I concur. 18 Didn't know. 19 THE VICE CHAIRMAN: Ms. Durden. 19 Two, if they went to the Value Adjustment 20 BOARD MEMBER DURDEN: No comment. 20 Board, that's going to have an impact on the 21 THE VICE CHAIRMAN: Moving right along 21 actual TIF because what they would potentially 22 here, Mr. Moody. 22 be paying in taxes could very well have gone 23 BOARD MEMBER MOODY: I hate to sound like 23 down if that 165,000 square feet of space 24 a broken record, but there's a lot of positives 24 stayed vacant. 25 here. And a guy like Oliver could certainly 25 And would certainly like to avoid any -- Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 69 to 72 of 103 18 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 73 75 1 too much adverse impact to the Southside TID. 1 THE VICE CHAIRMAN: It might be after we 2 I would certainly like to avoid that since it 2 actually rotated off. 3 is definitely performing nicely. So getting 3 There were issues that some of the 4 that space backfilled, as quickly as it has, is 4 tracking, monitoring that should have been done 5 going to be very good for us. 5 was not appropriately done. And it would seem, 6 BOARD MEMBER BARAKAT: I agree, but I 6 over time, that we are adding more monitoring 7 think we're also signing up for a hundred 7 or tracking opportunities and responsibilities 8 thousand dollar reduction for ten years. 8 to our staff. 9 MR. WALLACE: That is true. 9 And this one, if I understand it 10 BOARD MEMBER BARAKAT: But we may still 10 correctly, Mr. Wallace, is actually, as I would 11 benefit from additional revenue depending on 11 style it, a cliff measurement. So they have to 12 the outcome of the assessment. 12 meet a certain standard or they don't get this 13 MR. WALLACE: True. 13 at all, not a graduated or a (inaudible) kind 14 BOARD MEMBER BARAKAT: But we're getting a 14 of basis. So I just want to make sure that 15 headquarters facility expanding their presence 15 you're confident that we have sufficient staff 16 in downtown Jacksonville. 16 to monitor the things that we already have and 17 MR. WALLACE: True. 17 monitor now another additional opportunity. 18 BOARD MEMBER BARAKAT: So I think that 18 MR. WALLACE: In short answer, yes. 19 multiplier effect is a tiebreaker. 19 We just made an offer to an accountant to 20 Mr. Daly? 20 come onboard that will basically handle 21 THE VICE CHAIRMAN: I'll finish this one 21 accounting, as well as work with us on the 22 up for you. 22 compliance matters equally as well. So one, 23 BOARD MEMBER BARAKAT: I have no further 23 I'm confident on that. 24 comment. 24 Two, on this particular project, you know, 25 THE VICE CHAIRMAN: Okay. 25 they have to maintain, through that duration of Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 74 76 1 Ms. Harper-Williams. 1 that 10 years, a lease of a minimum 80,000 2 BOARD MEMBER HARPER-WILLIAMS: I just did 2 square feet of space; make sure that they 3 the math. What it amounts to, the hundred 3 always have, from a payroll certification 4 thousand dollars a year, if you look at the new 4 standpoint, 600 jobs. So that is going to be 5 jobs that they are bringing, the 107, it's 5 monitored all the way up through these 6 about $934 a job per year. Did I say that 6 particular 10 years itself. 7 right? Yes, I said it right. 7 And yes, we have a staff person to make 8 So I think that the benefits that the 8 sure that we alleviate the load right now. 9 board has already mentioned and broken down in 9 THE VICE CHAIRMAN: Thank you, sir. 10 smaller terms as opposed to the hundred 10 THE CHAIRMAN: So 80,000 square feet is 11 thousand dollars, to look at the per-job impact 11 about -- is -- you said 8,000? 12 or incentive that the City would be providing, 12 MR. WALLACE: No. I'm sorry. It should 13 or the board would be providing is -- is an 13 have been 80,000. 14 advantageous scenario. So I support it for 14 THE CHAIRMAN: SO 80,000. 15 that reason. 15 MR. WALLACE: Yes. 16 (Chairman Bailey resumes the Chair.) 16 THE CHAIRMAN: Now. About half of their 17 THE CHAIRMAN: Thank you. 17 165. 18 Mr. Meeks. 18 MR. WALLACE: What they would -- Aetna is 19 THE VICE CHAIRMAN: Thank you. 19 vacating 165,000 square feet of space. They 20 One comment and/or question. Mr. Gibbs, 20 are going to take on -- One Call will take on a 21 you remember when we were on the JEDC all those 21 lease of 83,000 square feet of space. They 22 years ago that -- 22 have to make sure that -- through the duration 23 BOARD MEMBER GIBBS: It depends on which 23 of this 10-year time frame, that they will be 24 question it is. Sometimes my memory is kind of 24 on their lease for nothing less than 80,000 25 fuzzy. 25 square feet of space. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 19 of 40 sheets Page 73 to 76 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 77 79 1 THE CHAIRMAN: Okay. And 600 employees. 1 a 155- number in there somewhere. 2 MR. WALLACE: Six hundred employees. 2 BOARD MEMBER HARPER-WILLIAMS: Okay. 3 BOARD MEMBER BARAKAT: Mr. Chairman. 3 MR. WALLACE: Omit the 155-. 4 THE CHAIRMAN: Okay. Great. 4 BOARD MEMBER HARPER-WILLIAMS: The 5 Yes, Mr. Barakat. 5 resolution. Okay. 6 BOARD MEMBER BARAKAT: So the agreement is 6 MR. WALLACE: It's 165,000 square feet of 7 between the owner and the City; is that 7 space. 8 correct? 8 BOARD MEMBER HARPER-WILLIAMS: Okay. The 9 MR. WALLACE: I'm sorry? 9 other thing is the 80 number. So -- 10 BOARD MEMBER BARAKAT: The development 10 MR. WALLACE: 80 or 80,000? 11 agreement. 11 BOARD MEMBER HARPER-WILLIAMS: I'm sorry, 12 MR. WALLACE: Between us and the landlord. 12 80,000. On this memo, it's 80,000 down here 13 BOARD MEMBER BARAKAT: Okay. And so who 13 and then 83- up here. I just want to make sure 14 will be monitoring the tenant's employment? I 14 that everybody is -- 15 mean, is the tenant going to be a counterparty 15 MR. WALLACE: Yeah. So the lease is 16 to the agreement in any way? 16 83,000 square feet of space, making sure 17 MR. WALLACE: Yeah, we'll make sure they 17 that -- from a monitor standpoint, that they 18 sign equally as well. 18 are going to have nothing less than 80,000 19 BOARD MEMBER BARAKAT: Okay. So it is a 19 square feet of space throughout the duration. 20 three-party agreement? 20 BOARD MEMBER HARPER-WILLIAMS: Okay. So 21 MR. DALY: If I may, through the board, it 21 that's not -- 22 will be a tri-party agreement between us, the 22 MR. WALLACE: If you want to fix it at -- 23 landlord and the tenant. The reason for that 23 if you want to fix it and say it's 83,000 24 is so that we have an enforcement mechanism 24 square feet of space throughout the duration of 25 against the tenant. 25 this actual lease, that's your call, I think. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 78 80 1 BOARD MEMBER BARAKAT: Okay. And then 1 I'll take that as an amendment from the board 2 secondly, the tenant has an existing presence 2 itself. And if you want to adjust it on the 3 in the building. So are these benchmarks based 3 numbers, you tell me now. 4 upon their expansion or their total employment? 4 THE CHAIRMAN: Okay. 5 MR. WALLACE: The total employment. 5 BOARD MEMBER HARPER-WILLIAMS: I'm not 6 MR. DALY: This would be based off of the 6 sure that I -- 7 total employment. 7 MR. WALLACE: Not you. I think someone 8 BOARD MEMBER DURDEN: So -- 8 else may. 9 THE CHAIRMAN: Wait. Let me make sure we 9 BOARD MEMBER HARPER-WILLIAMS: Well, I'm 10 got -- did that answer -- 10 just saying, I'm not sure that I have a hard 11 BOARD MEMBER BARAKAT: That answered 11 and fast opinion about that. I just wanted to 12 my question, but I'll defer to 12 make sure that there was not a typo. If -- if 13 Ms. Harper-Williams's questions. 13 there is room for them to play with that, 14 THE CHAIRMAN: Okay. Go ahead, 14 somewhere between the 3,000 -- or the 80,000 15 Ms. Harper. 15 and the 83,000, and that seems reasonable, then 16 BOARD MEMBER HARPER-WILLIAMS: Thank you. 16 I don't have any heartburn with that, but I 17 Through the Chair, I just noticed a couple 17 just wanted to make sure that we were all on 18 of -- 18 the same page. 19 MR. WALLACE: Discrepancies? 19 THE CHAIRMAN: Okay. I want to follow up. 20 BOARD MEMBER HARPER-WILLIAMS: Yes. 20 And is that -- Ms. Harper? 21 MR. WALLACE: Yes. 21 BOARD MEMBER HARPER-WILLIAMS: Yes. 22 BOARD MEMBER HARPER-WILLIAMS: Okay. 22 THE CHAIRMAN: Let Mr. Barakat finish his 23 You've already -- 23 question. I think he had another question. 24 MR. WALLACE: I'll fix that. It's 165,000 24 BOARD MEMBER BARAKAT: Yeah. So getting 25 square feet of space that (inaudible). There's 25 back to the last question, so they already have Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 77 to 80 of 103 20 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 81 83 1 600 employees downtown. I don't know how many 1 issue is, I don't know how many they have 2 they have today. We're giving them incentive 2 today. Maybe you can -- how many employees 3 to bring 600. If they -- as long as they 3 are -- 4 maintain a total of 600, the -- the incentive 4 MR. GOLDFADEN: I don't have an actual 5 remains? 5 count. 6 MR. WALLACE: Do they have 600 out there? 6 BOARD MEMBER BARAKAT: So they occupy how 7 MR. DALY: They have nowhere close to 600 7 many square feet? 8 employees downtown right now. 8 MR. GOLDFADEN: They're at 120,000'ish. 9 BOARD MEMBER BARAKAT: I'm sorry? 9 BOARD MEMBER BARAKAT: Okay. So that 10 MR. DALY: They have nowhere close to 600 10 could be close to 500. 11 employees downtown right now. 11 MR. GOLDFADEN: Yeah, call it -- 12 BOARD MEMBER BARAKAT: Do you know how 12 BOARD MEMBER BARAKAT: So the way this is 13 many they have? 13 written, I think, they could fire all the 14 MR. DALY: We have -- we have a 14 people they bring downtown Jacksonville, still 15 representative from One Call here. 15 remain at their current level of employment, 16 THE VICE CHAIRMAN: I thought you told us 16 and the incentive still remains in place; is 17 that was 107. 17 that -- is that correct? 18 MR. WALLACE: What I said was the 18 THE CHAIRMAN: No. 19 following: You're going to move 554 employees 19 BOARD MEMBER BARAKAT: Well, I -- the way 20 from Baymeadows to downtown. 20 this is read is, they have to maintain 600 21 THE VICE CHAIRMAN: Yeah. 21 jobs. 22 MR. WALLACE: Okay? Then create 107 22 BOARD MEMBER GREY: Mr. Chair, is there a 23 additional jobs on top of the 554 that they are 23 way that we can have language or we can get the 24 bringing downtown itself. 24 total number and have language written so that 25 MR. DALY: Repeat that one more time, 25 the combined number stays the same? Because -- Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 82 84 1 please. 1 MR. WALLACE: The existing plus the new? 2 MR. WALLACE: So 554 employees in 2 BOARD MEMBER GREY: Right. 3 Baymeadows will move from there to downtown. 3 MR. WALLACE: I'm fine -- I'm fine with 4 They will be creating 107 new, additional jobs. 4 that amendment. 5 (Audience member approaches the podium.) 5 THE CHAIRMAN: So with the 550 existing 6 THE CHAIRMAN: If you will give us your 6 that are relocating -- 7 name and address. 7 MR. WALLACE: Mr. Chairman, bifurcate what 8 AUDIENCE MEMBER: Sure. 8 they currently already have, that number, plus 9 Keith Goldfaden, NAI Hallmark Partners, 9 these two numbers, which is the 554 and the 10 6675 Corporate Center Parkway, broker for 10 107, that's what you're looking at to make sure 11 the -- for One Call Care Management. 11 that is remaining within that particular 12 And I'll let Caryn introduce herself. 12 building. 13 (Audience member approaches the podium. 13 BOARD MEMBER DURDEN: Mr. Chairman. 14 AUDIENCE MEMBER: Caryn Carraro, Cushman & 14 THE CHAIRMAN: Yes, Ms. Durden. 15 Wakefield, and I represent the developer, 841 15 BOARD MEMBER DURDEN: Thank you. 16 Prudential. 16 The problem with that is, that is not, at 17 THE CHAIRMAN: Thank you. 17 all, what Resolution 2017-01-03 says. I mean, 18 Okay. So you're moving 554. You're going 18 it's only talking about 80,000, and -- the 19 to create 107 more for a total of 661, but you 19 80,000-square feet. And it's not talking 20 must maintain 600? 20 about -- it doesn't even -- actually, I'm 21 MR. GOLDFADEN: That's correct. 21 trying to see where it actually talks about the 22 THE CHAIRMAN: Okay. Is that clear? 22 number of employees, and I don't see that 23 BOARD MEMBER BARAKAT: I guess what I'm 23 either in the resolution. 24 getting at, I'm fine with providing the 24 So, you know, if we're -- if they're 25 incentive to attract the 600 jobs. I think the 25 already leasing 120,000 right now, and our Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 21 of 40 sheets Page 81 to 84 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 85 87 1 resolution says all they have to do in the 1 MR. WALLACE: If I may. 2 future is have 80,000, then we are, in fact, 2 THE CHAIRMAN: You hear what the concerns 3 doing exactly what I think somebody else said, 3 are. 4 which is not requiring them to -- this should 4 MR. WALLACE: I hear what the concerns 5 be on top of what they've already got. 5 are. 6 MR. GOLDFADEN: Mr. Chairman. 6 THE CHAIRMAN: We can make an amendment to 7 THE CHAIRMAN: Hold on. Hold on just a 7 this. 8 second. Okay. Do you have -- are you making a 8 MR. WALLACE: I would prefer that we table 9 statement or are you clarifying? 9 this item for today, I'll bring it back in 10 BOARD MEMBER DURDEN: I -- I feel like we 10 February with all of the actual adjustments 11 need to have some pretty -- 11 that you're actually looking for, existing 12 THE CHAIRMAN: Yeah. 12 space that is there, so you understand the 13 BOARD MEMBER DURDEN: -- significant 13 existing space, number of employees. 14 changes made to the resolution -- 14 Our incentive is specific to this, but we 15 THE CHAIRMAN: Okay. Just -- 15 also have the -- what Oliver raised was, they 16 BOARD MEMBER DURDEN: -- before we vote on 16 could fire everyone else, keep these number of 17 it. 17 jobs, and they'd still get this incentive, but 18 THE CHAIRMAN: Okay. Yeah, that's what -- 18 we're not looking for them to displace any of 19 BOARD MEMBER DURDEN: And I'd like to know 19 the current employees. 20 exactly which one it's going to be. 20 So I'll table this and bring this back to 21 THE CHAIRMAN: That's where we're going. 21 you at your February meeting with all the 22 That's where we're going. 22 issues addressed that I've heard today. 23 Mr. Grey. 23 THE CHAIRMAN: Okay. We have a motion, 24 BOARD MEMBER GREY: The resolution, from 24 too. 25 what I'm understanding, is, it's for the space. 25 MR. GOLDFADEN: Mr. Chairman, if I may Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 86 88 1 THE CHAIRMAN: Right. 1 add, I mean, I appreciate that. I understand. 2 BOARD MEMBER GREY: And then the term 2 Maybe we can clarify some things at this 3 sheet is for -- has approval for the staffing 3 meeting because the timing is going to get a 4 levels, which is privy to what the DIA has the 4 little bit sticky here. We're trying to work 5 power to enforce from a staff level; is that 5 out a lease agreement. We have numerous 6 correct? 6 options in different markets, in this market, 7 THE CHAIRMAN: That's correct. 7 and timing is going to be a little bit of an 8 BOARD MEMBER GREY: Okay. 8 issue to push it back. 9 THE CHAIRMAN: Yeah. 9 So if I can clarify, the square footage is 10 BOARD MEMBER GREY: So, in essence, what 10 fine, to add a clarifier that they will 11 we are voting on, under my understanding, is 11 maintain at least 80,000 square feet of 12 the resolution and giving DIA the power to 12 additional square footage over the 10-year term 13 enforce the term sheet. 13 of this agreement. 14 THE CHAIRMAN: That's correct. 14 The job count, obviously, doesn't 15 BOARD MEMBER GREY: Okay. 15 necessarily get tied to the ad valorem, but I 16 MR. WALLACE: Mr. Chairman. 16 mean, we could come back with a certain job 17 BOARD MEMBER DURDEN: Is it -- is this 17 amount that we maintain. 18 Exhibit A? 18 I can't sit here right now, obviously, and 19 MR. WALLACE: Yeah, it's the amended 19 tell you that we can keep an additional 20 resolution of the term. 20 600-and-some-odd jobs every year at that 21 BOARD MEMBER DURDEN: So both things need 21 location, but they will obviously have a 22 to be modified. 22 10-year lease that they are agreeing to at that 23 MR. WALLACE: Mr. Chairman. 23 location for that amount of square footage. 24 THE CHAIRMAN: Right. That's where 24 THE CHAIRMAN: For a minimum of 80,000? 25 we're -- yes. 25 MR. GOLDFADEN: Correct. In addition to Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 85 to 88 of 103 22 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 89 91 1 what they currently have. 1 BOARD MEMBER BARAKAT: -- which is not 2 THE CHAIRMAN: Okay. Ms. Harper-Williams. 2 unusual either. I mean, are you -- is that 3 BOARD MEMBER HARPER-WILLIAMS: Thank you. 3 where you already are, or is the lease -- 4 I just would -- I hear the concern, and I 4 MR. GOLDFADEN: It's not executed yet. 5 have some concerns too. I mean, I -- that made 5 It's in draft stage, as you know. 6 sense, that there could be some shifting, but 6 Yes, we could have a contingency. It's 7 we also have to be mindful that this is a 7 just -- there's other things that they need to 8 for-profit business, and there's only so much 8 do as a company in other locations that depends 9 control that we or they presumably would have 9 on that lease. 10 over remaining profitable -- assuming they are 10 Just to clarify, though, the 107 new jobs, 11 profitable, obviously, if they're adding 107 11 is that what we're thinking about making part 12 new jobs or anticipate that -- and any sort of 12 of the term sheet? 13 downturn in the market or other circumstances 13 MR. WALLACE: Yes. I would -- I'm going 14 that would require them to reduce their 14 to be quite -- 15 workforce. 15 MR. GOLDFADEN: In addition? In addition 16 So let's just also be mindful of that. I 16 to what the current number of jobs are at the 17 would be hesitant to totally restrict them and 17 site; is that -- just to clarify. I think that 18 say that you absolutely have to maintain "X" 18 would -- 19 number of employees. If the number makes 19 THE CHAIRMAN: It's 554 moving, relocated. 20 sense, then that's fine, but I don't know that 20 (Simultaneous speaking.) 21 this -- they have to keep 107 of the new jobs 21 MR. BOARD MEMBER DURDEN: All the jobs, if 22 at all times over the next 10 years, I think 22 I'm hearing it right, you've got 600 there now. 23 that that gets a little -- I don't know how 23 You're talking about moving in 554 and creating 24 they would necessarily meet that standard. 24 107 new? Is that the picture? 25 THE CHAIRMAN: Okay. 25 MR. GOLDFADEN: Those are approximates, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 90 92 1 BOARD MEMBER BARAKAT: If I could just 1 yes, but, I mean, that workforce, you know, as 2 address that, and then -- 2 Ms. Williams said, those can fluctuate, 3 THE CHAIRMAN: Okay. 3 obviously, month to month and year to year. 4 BOARD MEMBER BARAKAT: -- (inaudible). 4 And so I'm sure there's some minimum that 5 THE CHAIRMAN: Sure. 5 they'd be okay having a standard with, but, 6 BOARD MEMBER BARAKAT: We're talking about 6 obviously, not an additional 650 new jobs at 7 a clawback back here, which is a pretty typical 7 that location, in addition to what they already 8 provision in almost all incentives. I think 8 have at all times. That would be a challenge. 9 you're getting to the crux of the matter. If 9 THE CHAIRMAN: Okay. So if you're in the 10 they only keep 90 of the hundred new jobs, do 10 negotiation process right now, this is not -- 11 they use all of the incentive, or is it pro 11 it's not going to set anything back by going to 12 rata? 12 the next meeting? 13 So I think there's other things that need 13 MR. GOLDFADEN: No. 14 to be thought through, which -- I think it is 14 THE CHAIRMAN: Mr. Sawyer. 15 going to be difficult to approve this 15 MR. SAWYER: John Sawyer, Office of 16 resolution today because there's a number of -- 16 General Counsel. 17 per Ms. Durden's comments, a number of tweaks. 17 To address some of the comments generally, 18 I do think that you could go back to 18 it's very, very typical, and the clean-up is 19 One Call and let them know, for everything 19 very simple. You tie everything to the project 20 we're hearing, we're all in favor of the 20 parcel so they can't, you know, fire everyone 21 incentive for the newly created jobs. I mean, 21 here, but they're creating jobs somewhere else. 22 I can't imagine us not voting for it. And I 22 So you're tying everything to jobs that have to 23 wonder if you could get a lease executed with a 23 be in this location. 24 contingency -- 24 And then regarding employees, just pick 25 MR. GOLDFADEN: Sure. 25 the number you're comfortable with. If you Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 23 of 40 sheets Page 89 to 92 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 93 95 1 want to say a total number of employees on 1 BOARD MEMBER PADGETT: I have one. I'm 2 site, which will include who is currently 2 sorry. I think it would be important that we 3 there, a percentage, 90 percent, whatever you 3 might proceed in that fashion because you don't 4 want it to be of the anticipated new employees, 4 have a tenant that comes along every day that 5 because your goal is the new employees at this 5 wants to rent -- 6 site. 6 THE CHAIRMAN: Right. 7 And then a very typical clawback, when 7 BOARD MEMBER PADGETT: -- 80,000 square 8 you're trying jobs to a REV Grant, is, if, for 8 feet of space in downtown that we're losing 9 example, a hundred -- a hundred thousand 9 160,000 of. So we're filling half of it back 10 dollars eligible for a hundred percent of your 10 up, and I think it's in everybody's best 11 employment number, in any year, if you fall 11 interest to try to -- to try to expedite that 12 10 percent below that, you reduce the REV by 12 because there may be an 80,000-square-foot 13 10, for example. So it just floats with that 13 space somewhere else. 14 employment number, and then you just have a 14 THE CHAIRMAN: Right. 15 cutoff number. If they fall below, you know, 15 BOARD MEMBER PADGETT: I'm comfortable 16 50 percent employment, whatever you want that 16 with Aundra negotiating -- 17 to be, then for that year they just lose the 17 THE CHAIRMAN: Okay. Mr. Meeks. 18 REV. So it just kind of floats on that 18 THE VICE CHAIRMAN: I agree with 19 employment number. 19 Mr. Padgett on that, and also with what 20 It's difficult to say you have to have 20 Mr. Sawyer said. 21 600, and if they come in at 598 on the day that 21 Very rarely have I been that impressed 22 you took the snapshot, they get no REV for that 22 with these cliff measurements and having 23 year. So, typically, the job shortfall is just 23 just -- just what you said, where we get to a 24 a -- a floating clawback for that year. 24 certain point, you don't meet that point, it 25 BOARD MEMBER GREY: Mr. Chair. 25 goes down in some tier, it's percentagewise, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 94 96 1 THE CHAIRMAN: Mr. Grey. 1 and then at some level it goes to zero. That's 2 BOARD MEMBER GREY: I've just got one 2 a whole lot better, I think, conceptually, than 3 quick statement. 3 you either make a number and you get a hundred 4 One of the things I hate the most about 4 percent or you don't and get zero. 5 the whole private enterprise -- and when I read 5 So I think that's -- and I think that's 6 the resolution, the resolution -- the 6 within the scope of what we could approve in 7 resolution, to me, reads that we're giving the 7 light of what we've been talking about and move 8 CEO and his staff the capability to negotiate 8 this thing forward instead of having to come 9 on behalf of the DIA. Is that not what our 9 back at another time. 10 intent is to do today? 10 THE CHAIRMAN: I agree. 11 So if that's the case, I think, you know, 11 Okay. Any other comments or questions? 12 my -- from where I sit, I think we're doing 12 BOARD MEMBER DURDEN: I do. 13 great by giving our recommendations. If we 13 THE CHAIRMAN: Ms. Durden. 14 want to make an amendment where -- you know, 14 BOARD MEMBER DURDEN: You know, I just 15 just like the General Counsel just told us, 15 can't see doing that. It says 80,000, I know. 16 where there's, you know, staggers put into the 16 You know, is it -- I'm looking at Exhibit A. 17 actual term sheet and it comes back, but we 17 It doesn't say anything. It talks about 80,000 18 give him the ability to actually negotiate on 18 square feet and 600 jobs. So, you know, I -- 19 behalf, I would feel pretty comfortable with 19 that's what they -- that's less than what 20 doing that. 20 they've got there right now. 21 MR. GOLDFADEN: And we're happy to work 21 THE CHAIRMAN: Well, I mean -- 22 with staff over the next few weeks to get that 22 BOARD MEMBER DURDEN: I think that it got 23 done. 23 brought to us too early. I think that the -- 24 THE CHAIRMAN: Any other comments, 24 that there are some things that need to be 25 Ms. Durden? Anybody else? 25 worked out. I'm not going to be able to vote Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:20:45 PM Page 93 to 96 of 103 24 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 97 99 1 for a resolution that talks about that and 1 here; we can amend this, or we can go outside 2 then -- just on the basis of telling the staff 2 and try to -- 3 to go off and try to remember exactly what all 3 MR. WALLACE: Mr. Chairman, I hate to -- I 4 of our concerns were. I think that that is 4 hate to disrupt your dialogue and things of 5 just untenable for us to do that as a board. 5 that nature. Allow me the opportunity to go 6 We should have a resolution. 6 back and correct this and bring this back. 7 Now, if they want to go outside and figure 7 BOARD MEMBER GREY: Mr. Chairman. 8 out what the resolution should look like, you 8 MR. WALLACE: You can continue to hear all 9 know, go in the Green Room and figure out what 9 your other questions, but I prefer to bring it 10 it should look like and change all this, that's 10 back, one package. I'm certain that I'm -- 11 fine, but I -- I think that it is highly 11 that we're going to be able to do this. And if 12 improper. 12 I need to call a special meeting, I will poll 13 And I just can't imagine that this board 13 you and see if I can actually get a forum 14 thinks that it's just okay to approve a 14 before our February meeting. 15 resolution that's got all the wrong information 15 THE CHAIRMAN: Okay. That works. 16 in it, and just based upon us telling you what 16 Mr. Grey. 17 the comments are, especially -- 17 BOARD MEMBER GREY: Fair enough. I just 18 BOARD MEMBER GREY: Mr. Chair. 18 didn't want to hold up -- 19 I'm sorry. 19 THE CHAIRMAN: No. We're going to do 20 BOARD MEMBER DURDEN: -- especially when, 20 everything we have to, to get this moving 21 you know, we are also authorizing the executive 21 along. And if we need a special meeting, we 22 director to go and, you know, execute the 22 will, once all this is straightened out. I 23 agreement. We're not going to see it again. 23 think there's too many loose ends. 24 So I do want -- by the way, I'm totally in 24 We could probably go through and pick it 25 with you guys. I love the fact that you want 25 out and do it right here, but I think if we can Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 98 100 1 to expand there. I love the fact that you want 1 still resolve this and get it done quickly -- 2 to bring in 554 guys downtown. I think that 2 MR. GOLDFADEN: Yeah. I mean, we could 3 there is a lot of basis, but it's not just the 3 absolutely clarify square footages outside in 4 jobs that are important to me. It's the square 4 the Green Room, quote-unquote. And if that's 5 footage. 5 the driver of this, we absolutely could do that 6 And I don't have a -- you can't even tell 6 here and now. The job amounts, we would have 7 us right now what you are leasing currently. 7 to obviously confer with our clients. 8 So it's important because that comes back to 8 THE CHAIRMAN: So we're going to withdraw 9 the TIF. And if there is vacant space, then 9 this resolution today. 10 you know that that landlord is going to be 10 MR. WALLACE: Mr. Chairman -- could you 11 saying the value of the property has gone down. 11 make a motion to table this? 12 I want to see them commit to leasing that 12 THE VICE CHAIRMAN: I can. 13 space for ten years -- which, you know, we've 13 MR. WALLACE: Please. 14 been talking about ten years, but I can't see 14 THE CHAIRMAN: Someone -- 15 where it actually says ten years in any of 15 THE VICE CHAIRMAN: I'll move to table 16 these documents -- and actually commit that 16 this till the -- until our next meeting. 17 they're going to lease that space and maintain 17 And if we do need a special meeting, 18 those jobs. 18 Mr. Wallace, you will advise us accordingly? 19 MR. GOLDFADEN: Yeah. 19 MR. WALLACE: Yes, sir. 20 BOARD MEMBER DURDEN: I'm all in for them 20 BOARD MEMBER DURDEN: Second. 21 getting the benefit, the hundred thousand. I 21 THE CHAIRMAN: Do we have a second? 22 don't have a problem with that, but the 22 BOARD MEMBER DURDEN: Second. 23 documents need to say what it is that you're 23 THE CHAIRMAN: Oka. Any discussion? 24 promising to do. It's as simple as that. 24 BOARD MEMBERS: (No response.) 25 THE CHAIRMAN: Okay. We have two choices 25 THE CHAIRMAN: Any public discussion? Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 25 of 40 sheets Page 97 to 100 of 103 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 101 103 1 AUDIENCE MEMBERS: (No response.) 1 CERTIFICATE OF REPORTER 2 THE CHAIRMAN: Okay. With that, all in 2 3 favor, say aye. 4 UNIDENTIFIED BOARD MEMBERS: Aye. 3 STATE OF FLORIDA) 5 THE CHAIRMAN: Opposed, like sign. ) 6 UNIDENTIFIED BOARD MEMBERS: No. 4 COUNTY OF DUVAL ) 7 THE CHAIRMAN: Okay. To table it, say 5 8 aye. 6 9 Aye. 7 I, Diane M. Tropia, Florida Professional 8 Reporter, certify that I was authorized to and did 10 BOARD MEMBER DURDEN: Aye. 9 stenographically report the foregoing proceedings and 11 VICE CHAIR MEEKS: Aye. 10 that the transcript is a true and complete record of my 12 BOARD MEMBER BARAKAT: Aye. 11 stenographic notes. 13 BOARD MEMBER HARPER-WILLIAMS: Aye. 12 14 BOARD MEMBER MOODY: Aye. 13 15 THE CHAIRMAN: And to not table it. 14 16 BOARD MEMBER GREY: No. 15 DATED this 26th day of January 2017. 16 17 BOARD MEMBER GIBBS: No. 17 ______18 BOARD MEMBER PADGETT: Okay. To table it 18 Diane M. Tropia 19 is -- no. Florida Professional Reporter 20 THE CHAIRMAN: Three. Okay. So it's six 19 21 to three. 20 22 Okay. Thank you very much. 21 23 Now that takes us to the Community 22 23 24 Redevelopment Agency Transcript, which we don't 24 25 have to approve. 25 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 102 1 So, with that, the Community Redevelopment 2 Agency meeting is adjourned. 3 (The above proceedings were adjourned at 4 3:52 p.m.) 5 - - - 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 01/26/2017 05:20:45 PM Page 101 to 103 of 103 26 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 1

$ 54:18, 55:17, 55:24, 300 [5] - 49:11, 53:14, 70 [2] - 60:7, 60:11 accordingly [1] - 60:11, 64:1, 64:7 55:8, 69:3, 70:9 75 [5] - 16:17, 28:17, 100:18 $100,000 [1] - 71:13 15-year [5] - 49:23, 31 [1] - 20:9 49:15, 49:21, 64:18 accountant [1] - 75:19 $110,000 [1] - 68:5 55:20, 57:16, 64:4, 34 [4] - 19:21, 26:20, accounting [2] - $14,000 [1] - 50:11 64:9 27:9, 68:4 8 68:10, 75:21 $150,000 [1] - 68:8 1500 [1] - 3:6 35 [1] - 33:6 acknowledges [1] - $171,000 [1] - 50:12 155 [1] - 79:1 3:52 [1] - 102:4 8 [4] - 47:5, 48:19, 52:6 $210,000 [1] - 50:16 155- [1] - 79:3 57:5, 61:14 acquisition [1] - 50:8 8,000 [1] - 76:11 $29,000 [2] - 67:20, 16 [1] - 61:21 4 acres [1] - 46:2 68:23 160,000 [1] - 95:9 8-foot [1] - 62:16 action [3] - 4:16, 37:7, $350,000 [1] - 10:5 165 [1] - 76:17 4 [4] - 57:2, 61:22, 8.1 [1] - 68:14 37:12 $40 [1] - 51:3 165,000 [8] - 66:20, 61:24 80 [2] - 79:9, 79:10 activation [1] - 38:24 $40,000 [2] - 67:23, 66:25, 68:16, 72:17, 4-foot [1] - 61:16 80,000 [17] - 76:1, active [1] - 70:1 68:11 72:23, 76:19, 78:24, 4.25 [1] - 50:9 76:10, 76:13, 76:14, activities [1] - 18:7 $400,000 [1] - 17:3 79:6 40 [2] - 21:21, 50:9 76:24, 79:10, 79:12, activity [1] - 40:23 $55,000 [1] - 68:1 16th [1] - 64:15 40-feet [1] - 9:18 79:18, 80:14, 84:18, actual [21] - 47:10, $575,000 [3] - 37:13, 177 [1] - 33:5 43 [1] - 61:5 85:2, 88:11, 88:24, 47:11, 47:12, 47:15, 40:5, 42:12 18 [2] - 1:6, 2:1 43-foot [1] - 62:4 95:7, 96:15, 96:17 47:20, 47:23, 47:25, 80,000-square [1] - $62 [1] - 50:7 48:10, 48:24, 48:25, 84:19 $9,956,000 [1] - 54:24 2 5 49:2, 49:24, 54:5, 80,000-square-foot $934 [1] - 74:6 54:14, 54:15, 69:14, 2 [2] - 41:8, 46:17 5 [3] - 8:10, 55:23, [2] - 71:9, 95:12 72:21, 79:25, 83:4, ' 2.6 [2] - 64:6, 64:8 61:3 80-plus-thousand [1] 87:10, 94:17 2.9 [1] - 46:2 5-foot [1] - 62:9 - 68:16 ad [4] - 67:5, 71:15, '15-'16 [1] - 40:2 20 [13] - 7:18, 8:25, 50 [1] - 93:16 83 [1] - 79:13 71:24, 88:15 '16-'17 [1] - 40:4 47:3, 47:7, 48:21, 500 [1] - 83:10 83,000 [4] - 76:21, Adams [2] - 8:23, 12:9 49:18, 55:19, 55:21, 51 [1] - 50:12 79:16, 79:23, 80:15 add [4] - 10:2, 44:5, 1 57:4, 57:7, 57:19, 550 [4] - 39:22, 67:10, 841 [1] - 82:15 88:1, 88:10 61:2, 61:19 67:12, 84:5 850 [1] - 66:21 adding [2] - 75:6, 1 [3] - 16:17, 28:17, 20-foot [1] - 62:10 554 [10] - 67:13, 69:15, 8th [1] - 1:8 89:11 59:24 20-foot-high [1] - 9:12 81:19, 81:23, 82:2, addition [5] - 67:15, 10 [7] - 5:23, 11:11, 20-year [4] - 49:16, 82:18, 84:9, 91:19, 9 88:25, 91:15, 92:7 76:1, 76:6, 89:22, 49:25, 54:17, 54:19 91:23, 98:2 additional [9] - 39:4, 93:12, 93:13 2014 [1] - 33:4 598 [1] - 93:21 90 [2] - 90:10, 93:3 53:15, 73:11, 75:17, 10,200,000 [2] - 57:17, 2015-16 [1] - 39:22 5th [1] - 33:4 90-degree [1] - 61:9 81:23, 82:4, 88:12, 64:4 2016 [2] - 1:6, 20:16 934 [1] - 7:14 88:19, 92:6 10-year [4] - 69:12, 2017 [2] - 2:1, 103:15 6 95 [1] - 8:14 address [4] - 46:6, 76:23, 88:12, 88:22 2017-01-01 [3] - 37:3, 82:7, 90:2, 92:17 100 [1] - 12:3 44:8, 44:17 6 [1] - 11:13 A addressed [1] - 87:22 100,000 [1] - 71:19 2017-01-02 [2] - 44:25, 60 [2] - 12:19, 67:19 adds [2] - 16:22, 54:21 ability [2] - 53:14, 107 [13] - 67:16, 68:12, 65:10 600 [14] - 76:4, 77:1, adequate [1] - 47:1 94:18 69:13, 74:5, 81:17, 2017-01-03 [2] - 66:1, 81:1, 81:3, 81:4, adjacent [2] - 6:10, 81:22, 82:4, 82:19, 84:17 81:6, 81:7, 81:10, able [12] - 9:6, 16:21, 63:13 16:24, 37:24, 42:13, 84:10, 89:11, 89:21, 2018 [1] - 26:23 82:20, 82:25, 83:20, adjourned [2] - 102:2, 42:14, 47:16, 47:19, 91:10, 91:24 21.8 [1] - 51:5 91:22, 93:21, 96:18 102:3 56:11, 62:2, 96:25, 111 [1] - 4:12 214 [1] - 1:7 600-and-some-odd adjust [1] - 80:2 [1] - 88:20 99:11 12 [7] - 5:23, 11:11, 25 [2] - 61:2, 62:3 adjusted [1] - 67:6 62.3 [1] - 48:14 absolutely [3] - 89:18, 47:6, 48:19, 57:5, 264 [1] - 69:2 Adjustment [2] - 67:5, 650 [1] - 92:6 100:3, 100:5 61:16, 61:21 26th [1] - 103:15 72:19 661 [1] - 82:19 abstract [1] - 22:11 12-foot [2] - 57:1, 28 [1] - 8:8 adjustments [1] - 6675 [1] - 82:10 acceptable [1] - 23:22 62:16 295 [1] - 69:5 87:10 acceptance [1] - 7:1 12-month [1] - 11:14 297 [2] - 46:4, 49:12 Administrative [1] - access [1] - 56:17 120,000 [1] - 84:25 2:05 [2] - 1:7, 2:1 7 37:23 accessibility [1] - 47:8 120,000'ish [1] - 83:8 adorned [2] - 22:22, 7 [1] - 51:7 accessible [2] - 25:3, 1200 [1] - 59:25 3 28:22 7.1 [7] - 49:24, 53:22, 43:10 130 [1] - 68:24 advantageous [1] - 54:16, 54:20, 55:22, 14 [1] - 8:4 3 [1] - 57:23 accompany [1] - 74:14 57:19, 64:13 47:13 14.8 [3] - 49:18, 54:3, 3,000 [1] - 80:14 adventure [1] - 8:20 7.6 [3] - 49:22, 54:15, accomplished [1] - 54:13 30 [3] - 12:5, 60:18, adverse [1] - 73:1 64:5 10:20 15 [8] - 49:15, 53:24, 60:20 advise [1] - 100:18 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 27 of 40 sheets (904Page )1821 to 1- of0300 14 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 2

advocate [1] - 24:21 amended [1] - 86:19 approval [3] - 4:16, aspect [3] - 46:13, 101:13, 101:14 Aetna [7] - 46:22, amendment [4] - 80:1, 38:16, 86:3 47:5, 48:1 66:13, 66:14, 66:18, 84:4, 87:6, 94:14 approve [7] - 36:13, assessment [3] - B 69:21, 71:23, 76:18 Amerika [1] - 31:22 65:9, 65:12, 90:15, 71:16, 71:18, 73:12 aforementioned [1] - amount [8] - 2:24, 96:6, 97:14, 101:25 asset [1] - 55:11 backfill [2] - 72:4, 72:8 37:15 17:9, 18:1, 33:25, approved [5] - 13:4, Assistant [1] - 1:22 backfilled [1] - 73:4 Africa [1] - 5:6 54:4, 57:9, 88:17, 40:1, 40:3, 40:6, associate [1] - 2:19 backfilling [2] - 68:15, agencies [4] - 4:23, 88:23 69:5 associated [1] - 10:15 71:25 6:13, 13:5, 16:21 amounts [2] - 74:3, approximates [1] - assumes [2] - 10:21, background [1] - 7:7 Agency [4] - 36:8, 100:6 91:25 69:22 bagpiper [1] - 32:14 36:9, 101:24, 102:2 Analyst [1] - 1:20 April [3] - 19:20, assuming [1] - 89:10 Bailey [5] - 2:5, 4:20, AGENCY [1] - 1:2 Anderson [1] - 33:15 19:21, 38:21 Atlanta [3] - 18:25, 10:21, 15:11, 74:16 agenda [2] - 43:5, Andrew [1] - 22:7 architectural [1] - 19:4, 19:6 BAILEY [1] - 1:13 46:6 Andrew's [1] - 22:21 59:12 atop [1] - 8:9 Ball [1] - 1:7 ago [4] - 18:14, 19:15, anecdotal [1] - 24:13 area [17] - 9:3, 9:6, attached [1] - 28:8 Barakat [7] - 41:4, 43:4, 74:22 angled [1] - 56:22 17:24, 34:22, 36:2, attempted [2] - 49:6, 53:18, 54:3, 55:16, agree [4] - 70:14, annual [2] - 38:7, 47:14, 55:8, 55:11, 53:12 71:4, 77:5, 80:22 73:6, 95:18, 96:10 67:19 60:16, 60:18, 60:23, attended [2] - 53:4, BARAKAT [41] - 1:14, agreeing [1] - 88:22 annually [1] - 68:13 61:5, 62:4, 62:5, 53:5 41:5, 41:12, 41:16, agreement [17] - 37:8, anonymous [2] - 62:12, 62:17, 62:23 attorneys [1] - 19:1 41:19, 41:24, 42:5, 40:15, 41:6, 41:8, 10:16, 11:2 areas [1] - 62:9 attract [1] - 82:25 42:23, 53:19, 54:10, 41:10, 41:14, 45:6, answer [5] - 19:8, arise [1] - 42:18 Attraction [2] - 66:6, 54:21, 55:1, 55:5, 45:11, 66:11, 77:6, 62:18, 64:20, 75:18, arrived [1] - 28:19 66:10 71:6, 72:1, 72:9, 77:11, 77:16, 77:20, 78:10 arrows [1] - 26:8 AUDIENCE [14] - 73:6, 73:10, 73:14, 77:22, 88:5, 88:13, answered [1] - 78:11 Art [13] - 3:9, 8:3, 25:17, 25:21, 25:23, 73:18, 73:23, 77:3, 97:23 anticipate [2] - 42:6, 9:24, 13:5, 15:2, 27:3, 27:5, 28:2, 77:6, 77:10, 77:13, Agreement [1] - 66:6 89:12 16:9, 16:11, 18:7, 28:4, 28:9, 31:1, 77:19, 78:1, 78:11, 80:24, 81:9, 81:12, ahead [6] - 45:16, anticipated [3] - 21:23, 27:16, 28:15, 44:18, 65:5, 82:8, 58:2, 72:3, 72:7, 12:24, 33:8, 93:4 33:12, 33:24 82:14, 101:1 82:23, 83:6, 83:9, 83:12, 83:19, 90:1, 72:10, 78:14 anytime [1] - 71:8 art [21] - 3:22, 16:12, audience [4] - 44:15, 90:4, 90:6, 91:1, Aisling [1] - 7:20 apartment [1] - 58:18 16:18, 16:22, 16:25, 60:2, 82:5, 82:13 101:12 Allegiance [2] - 2:8, Apartment [1] - 45:1 17:9, 18:4, 18:7, Audience [1] - 27:24 based [8] - 61:7, 2:15 apartments [8] - 46:4, 18:11, 18:20, 20:4, AUNDRA [1] - 1:19 66:18, 71:14, 71:16, ALLEGRETTI [22] - 48:23, 52:12, 58:10, 20:8, 23:23, 24:21, Aundra [3] - 15:8, 71:20, 78:3, 78:6, 2:23, 3:4, 3:6, 15:20, 59:2, 62:24, 63:6, 27:11, 28:22, 30:13, 57:4, 95:16 97:16 15:23, 16:3, 23:5, 68:24 30:19, 31:7, 32:13, Authority [8] - 16:20, basis [3] - 75:14, 97:2, 23:9, 25:19, 25:22, apologize [1] - 14:6 33:14 37:4, 45:4, 45:9, 98:3 25:25, 27:4, 27:6, APP [1] - 17:23 artist [16] - 7:19, 45:11, 66:4, 66:7, 11:16, 18:20, 19:3, Bay [4] - 13:22, 21:16, 28:5, 28:10, 31:2, appear [1] - 20:23 66:10 19:4, 19:5, 19:8, 21:17, 22:8 34:13, 34:24, 35:8, Applause [1] - 15:17 authorized [1] - 103:8 21:5, 21:8, 21:17, Baymeadows [4] - 35:11, 35:13, 35:21 applicants [1] - 33:6 authorizes [1] - 40:14 21:19, 22:25, 24:5, 67:13, 69:16, 81:20, Allegretti [3] - 2:22, appraisal [1] - 38:11 authorizing [5] - 45:4, 3:6, 15:19 26:5, 31:21 82:3 appraiser's [1] - 71:22 45:6, 45:10, 66:9, alleviate [1] - 76:8 artist's [1] - 20:21 beauty [1] - 29:12 appreciate [3] - 34:23, 97:21 artistic [2] - 20:20, became [2] - 19:7, alliterative [1] - 22:9 52:9, 88:1 available [6] - 20:12, 24:9 61:15 allocation [4] - 46:7, appreciative [1] - 11:9 27:17, 30:20, 32:20, 46:10, 49:11, 54:8 artists [18] - 5:9, become [1] - 10:19 apprised [1] - 35:4 68:24, 69:4 allow [1] - 99:5 18:17, 18:18, 18:23, becomes [1] - 57:3 approach [3] - 3:18, Avenue [3] - 4:12, 19:12, 19:21, 21:6, beginning [2] - 10:9, allowed [4] - 58:4, 6:5, 6:21 43:8, 43:13 58:6, 61:10, 61:12 21:23, 22:3, 22:5, 11:14 approaches [8] - 2:22, avoid [2] - 72:25, 73:2 26:19, 26:24, 29:21, behalf [4] - 16:9, 60:1, allows [1] - 62:15 4:10, 7:12, 15:19, aware [1] - 34:21 31:20, 31:24, 32:25 94:9, 94:19 alluded [1] - 14:18 27:24, 59:7, 82:5, awesome [4] - 15:23, arts [5] - 10:23, 11:21, behind [3] - 18:24, almost [3] - 17:8, 82:13 21:20, 35:8, 35:11 18:8, 19:16, 29:2 60:19, 60:23 69:3, 90:8 appropriate [5] - 4:22, awful [1] - 34:22 Arts [3] - 17:1, 17:12, below [2] - 93:12, alone [3] - 31:20, 6:12, 20:22, 20:24, Aye [1] - 101:10 18:15 93:15 33:14, 71:11 42:21 aye [14] - 36:21, 36:22, artwork [2] - 7:6, benchmarks [1] - 78:3 ALSO [1] - 1:18 appropriated [1] - 44:20, 44:21, 65:17, 26:18 benefit [3] - 72:9, aluminum [1] - 9:12 42:12 65:18, 101:3, 101:4, artwork's [1] - 26:17 73:11, 98:21 amazing [1] - 11:4 appropriately [1] - 101:8, 101:9, aside [1] - 16:13 benefits [2] - 68:13, amend [1] - 99:1 75:5 101:11, 101:12, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:20:45 PM (904Page )2821 to 2- of0300 14 28 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 3

74:8 78:16, 78:20, 78:22, 81:24 Carolina [2] - 7:24, 9:9 57:24, 58:2, 58:12, best [3] - 23:7, 27:21, 79:2, 79:4, 79:8, brings [1] - 66:1 Carraro [1] - 82:14 59:5, 59:15, 59:18, 95:10 79:11, 79:20, 80:5, broken [2] - 70:24, carried [1] - 39:23 59:21, 63:19, 63:24, better [2] - 59:10, 96:2 80:9, 80:21, 80:24, 74:9 cars [1] - 60:23 64:20, 64:23, 64:25, between [13] - 9:16, 81:9, 81:12, 82:23, broker [2] - 20:5, cartoon [1] - 22:13 65:3, 65:6, 65:11, 11:20, 43:12, 45:8, 83:6, 83:9, 83:12, 82:10 Caryn [2] - 82:12, 65:16, 65:19, 65:21, 60:17, 60:22, 62:6, 83:19, 83:22, 84:2, Brooklyn [2] - 29:12, 82:14 69:23, 70:12, 70:17, 66:6, 71:18, 77:7, 84:13, 84:15, 85:10, 69:6 case [3] - 30:10, 70:19, 70:21, 71:4, 77:12, 77:22, 80:14 85:13, 85:16, 85:19, brought [7] - 17:13, 71:21, 94:11 73:21, 73:25, 74:17, beyond [1] - 14:22 85:24, 86:2, 86:8, 18:22, 21:22, 29:22, cases [2] - 6:8, 6:10 74:19, 75:1, 76:9, bifurcate [1] - 84:7 86:10, 86:15, 86:17, 31:23, 31:25, 96:23 casting [1] - 34:1 76:10, 76:14, 76:16, big [3] - 34:4, 58:5, 86:21, 89:3, 90:1, budget [2] - 42:2, 42:9 Cecilia [1] - 21:7 77:1, 77:4, 78:9, 90:4, 90:6, 91:1, 78:14, 80:4, 80:19, 64:16 build [1] - 56:10 Center [3] - 8:7, 12:4, bigger [2] - 14:19, 91:21, 93:25, 94:2, building [31] - 6:2, 82:10 80:22, 81:16, 81:21, 95:1, 95:7, 95:15, 82:6, 82:17, 82:22, 14:21 6:5, 6:8, 6:11, 6:21, CEO [3] - 45:10, 66:9, bike [9] - 24:4, 24:5, 96:12, 96:14, 96:22, 7:3, 7:5, 8:17, 8:18, 94:8 83:18, 84:5, 84:14, 97:18, 97:20, 98:20, 85:7, 85:12, 85:15, 24:7, 24:9, 24:13, 11:15, 13:13, 16:15, certain [6] - 19:25, 24:14, 24:17, 24:19, 99:7, 99:17, 100:20, 31:7, 32:19, 46:22, 37:9, 75:12, 88:16, 85:18, 85:21, 86:1, 25:1 100:22, 100:24, 47:15, 47:19, 52:5, 95:24, 99:10 86:7, 86:9, 86:14, 101:4, 101:6, 86:24, 87:2, 87:6, bikes [2] - 24:10, 25:5 52:17, 53:2, 61:7, certainly [6] - 13:9, 101:10, 101:12, 87:23, 88:24, 89:2, bit [6] - 7:10, 13:9, 62:1, 62:5, 62:6, 35:13, 42:10, 70:25, 101:13, 101:14, 89:25, 90:3, 90:5, 22:13, 22:21, 88:4, 63:4, 66:21, 66:23, 72:25, 73:2 101:16, 101:17, 91:19, 92:9, 92:14, 88:7 69:21, 71:17, 78:3, CERTIFICATE [1] - 101:18 94:1, 94:24, 95:6, blogging [1] - 34:1 84:12 103:1 board [19] - 14:11, 95:14, 95:17, 95:18, blue [2] - 63:18 Building [3] - 1:7, certification [1] - 76:3 15:3, 17:14, 27:20, 96:10, 96:13, 96:21, BOARD [168] - 1:3, 7:18, 12:4 certify [1] - 103:8 39:8, 40:18, 50:19, 98:25, 99:15, 99:19, 1:12, 2:12, 14:14, building's [1] - 6:23 chair [3] - 72:15, 53:5, 53:10, 54:7, 100:8, 100:12, 14:25, 23:4, 34:7, buildings [1] - 6:6 93:25, 97:18 54:24, 69:2, 72:12, 100:14, 100:15, 36:15, 36:16, 36:18, built [1] - 25:8 Chair [9] - 1:13, 10:21, 74:9, 74:13, 77:21, 100:21, 100:23, 36:20, 36:22, 36:24, bulkhead [2] - 61:1, 15:21, 54:23, 57:15, 80:1, 97:5, 97:13 100:25, 101:2, 39:11, 39:15, 39:16, 61:4 69:22, 74:16, 78:17, Board [15] - 1:14, 101:5, 101:7, 39:19, 40:7, 40:12, bump [1] - 64:16 83:22 1:14, 1:15, 1:15, 101:15, 101:20 40:20, 40:23, 41:3, Burrito [1] - 9:2 CHAIR [1] - 101:11 1:16, 1:16, 1:17, Chairman [29] - 1:13, 41:5, 41:12, 41:16, business [2] - 69:20, chairman [5] - 35:24, 37:4, 37:12, 38:15, 4:20, 10:21, 15:11, 41:19, 41:24, 42:5, 89:8 39:25, 66:12, 87:25, 56:25, 57:15, 67:5, 37:2, 37:19, 39:4, 42:23, 43:2, 44:9, Business [2] - 66:5, 99:7 72:20 43:14, 45:2, 45:12, 44:11, 44:13, 44:21, 66:10 CHAIRMAN [164] - 2:3, boring [1] - 21:3 45:15, 45:23, 50:1, 44:23, 45:14, 45:17, busy [2] - 14:9, 17:20 2:14, 2:16, 3:2, 3:5, bottom [2] - 19:18, 50:18, 53:20, 54:2, 45:20, 52:2, 52:14, buyer [1] - 20:4 10:22, 13:16, 13:25, 48:19 65:8, 66:3, 69:17, 53:19, 54:10, 54:21, buying [1] - 20:6 14:3, 14:17, 14:23, Boulevard [1] - 47:22 69:22, 74:16, 77:3, 55:1, 55:5, 55:7, 15:18, 15:22, 16:1, Boyer [3] - 37:22, 84:7, 84:13, 85:6, 55:15, 56:5, 56:7, 27:23, 27:25, 28:3, 44:4, 64:25 C 86:16, 86:23, 99:3, 56:16, 56:20, 57:6, 34:5, 34:8, 34:17, BOYER [3] - 1:20, 100:10 57:8, 57:12, 57:18, cabinet [1] - 22:23 35:3, 35:9, 35:12, 44:6, 65:2 Chairs [1] - 3:15 58:1, 58:3, 58:14, cabinets [2] - 22:24, 35:18, 35:22, 35:25, Brad [2] - 21:3, 21:4 challenge [1] - 92:8 59:8, 59:17, 59:19, 23:16 36:3, 36:6, 36:17, brainer [1] - 71:3 challenging [1] - 55:9 61:18, 62:19, 63:3, CAD [1] - 32:21 36:19, 36:21, 36:23, brakes [1] - 16:6 Chamber [4] - 5:15, 63:8, 63:11, 63:15, camaraderie [1] - 33:1 36:25, 39:7, 39:18, break [1] - 55:25 7:18, 12:7, 29:5 63:20, 64:1, 64:7, canceled [1] - 30:4 40:22, 41:2, 41:4, BRENNA [1] - 1:15 chance [1] - 36:12 64:11, 64:13, 64:19, capability [2] - 48:21, 42:24, 42:25, 43:1, change [1] - 97:10 64:22, 64:24, 65:8, Brenna [1] - 39:18 94:8 43:6, 43:16, 43:21, changes [1] - 85:14 65:14, 65:15, 65:18, brick [1] - 29:17 capacity [2] - 47:1, 43:24, 44:1, 44:3, charge [1] - 42:14 65:20, 70:4, 70:14, brief [1] - 16:4 48:20 44:7, 44:10, 44:12, 70:18, 70:20, 70:23, charrette [1] - 29:24 bring [12] - 18:16, capital [1] - 16:14 44:14, 44:19, 44:22, 71:6, 72:1, 72:9, checked [1] - 30:1 38:13, 67:12, 69:13, Capital [1] - 66:7 44:24, 45:21, 51:18, 73:6, 73:10, 73:14, Chicago [1] - 5:4 71:8, 81:3, 83:14, capitalize [1] - 42:11 51:21, 51:24, 52:18, 73:18, 73:23, 74:2, 87:9, 87:20, 98:2, Chief [4] - 1:19, 37:5, card [1] - 16:1 52:20, 53:16, 53:18, 74:23, 77:3, 77:6, 99:6, 99:9 37:23, 45:4 care [3] - 67:18, 67:21, 55:6, 55:13, 56:2, 77:10, 77:13, 77:19, chihuahua [1] - 34:9 bringing [5] - 34:14, 67:24 56:6, 56:14, 56:19, 78:1, 78:8, 78:11, 40:16, 68:14, 74:5, choices [1] - 98:25 Care [1] - 82:11 56:21, 57:11, 57:13, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 29 of 40 sheets (904Page )3821 to 3- of0300 14 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 4

chosen [1] - 26:5 comfortable [3] - 96:2 40:17, 44:2, 53:23, 24:20, 33:16 church [1] - 18:24 92:25, 94:19, 95:15 concern [3] - 56:16, 55:3, 56:20, 62:25, criteria [1] - 20:19 CIP [3] - 16:17, 28:16, coming [17] - 27:25, 58:5, 89:4 63:2, 64:10, 64:12, crux [1] - 90:9 28:17 30:22, 33:24, 35:5, concerns [8] - 34:11, 77:8, 82:21, 83:17, culminated [1] - 18:17 Circle [1] - 3:7 41:6, 42:6, 43:3, 47:24, 49:7, 52:4, 86:6, 86:7, 86:14, Cultural [9] - 2:18, circles [1] - 18:10 43:20, 43:21, 62:8, 87:2, 87:4, 89:5, 88:25, 99:6 3:8, 3:13, 10:18, circumstances [1] - 67:1, 68:17, 68:24, 97:4 correctly [1] - 75:10 11:21, 14:20, 16:10, 89:13 69:2, 69:3, 69:18, concluded [1] - 53:8 correspondence [1] - 28:19, 32:6 cities [1] - 5:4 71:13 concur [1] - 70:18 51:1 culture [3] - 3:22, city [8] - 7:9, 8:3, 9:23, commenced [1] - confer [1] - 100:7 cost [9] - 10:6, 38:6, 18:12, 27:12 10:6, 10:7, 11:7, 26:18 confident [2] - 75:15, 48:11, 48:12, 48:13, curb [1] - 24:18 11:8, 28:25 commencing [1] - 1:7 75:23 50:8, 50:11, 50:16, current [5] - 39:24, CITY [1] - 1:1 comment [5] - 14:16, connected [1] - 18:25 56:10 67:7, 83:15, 87:19, City [19] - 1:20, 13:4, 56:5, 70:20, 73:24, connection [1] - 10:18 costs [6] - 10:2, 10:3, 91:16 14:7, 16:11, 16:14, 74:20 consensus [1] - 11:22 42:14, 42:20, 50:14, Cushman [1] - 82:14 16:15, 16:17, 16:21, comments [16] - consideration [3] - 50:15 customer [3] - 67:18, 20:4, 23:20, 23:24, 14:11, 34:6, 39:10, 21:1, 38:14, 38:16 Council [17] - 1:20, 67:21, 67:24 33:18, 37:16, 37:23, 39:15, 39:16, 42:25, considerations [1] - 2:18, 3:9, 3:13, cute [1] - 25:13 38:3, 38:17, 53:23, 43:1, 55:12, 65:1, 25:8 10:18, 11:21, 14:20, cutoff [1] - 93:15 74:12, 77:7 70:3, 70:16, 90:17, consistent [1] - 23:24 16:11, 28:19, 32:7, City's [1] - 38:19 92:17, 94:24, 96:11, constituents [1] - 33:15, 37:16, 37:21, D claims [1] - 67:9 97:17 32:12 38:17, 44:4, 64:25 clarification [1] - Commerce [3] - 5:15, construction [2] - council [1] - 24:20 dais [1] - 3:18 62:21 7:18, 12:7 50:7, 51:3 COUNCIL [2] - 44:6, Daly [2] - 53:21, 73:20 clarifier [1] - 88:10 commissioned [3] - Consuegra [1] - 26:2 65:2 DALY [18] - 1:20, clarify [5] - 88:2, 88:9, 7:17, 11:24, 19:11 consulting [1] - 3:14 councilperson [1] - 54:23, 55:3, 57:15, 91:10, 91:17, 100:3 commit [2] - 98:12, contact [1] - 15:8 53:11 57:21, 64:3, 64:9, clarifying [1] - 85:9 98:16 contacting [1] - 11:15 Counsel [3] - 1:22, 64:12, 64:17, 71:20, clauses [1] - 39:22 commitment [1] - 40:8 contemplated [1] - 92:16, 94:15 72:5, 72:14, 77:21, clawback [3] - 90:7, communicating [1] - 28:18 count [3] - 66:22, 78:6, 81:7, 81:10, 93:7, 93:24 30:5 contemporary [3] - 83:5, 88:14 81:14, 81:25 clean [1] - 92:18 COMMUNITY [1] - 1:2 5:9, 11:18, 18:8 counterparty [1] - DANE [1] - 1:14 clean-up [1] - 92:18 Community [4] - 4:3, contingency [2] - 77:15 date [2] - 33:8, 33:9 clear [2] - 38:24, 82:22 36:7, 101:23, 102:1 90:24, 91:6 country [2] - 5:5, DATED [1] - 103:15 Clearwater [1] - 9:13 community [8] - 4:7, continue [2] - 5:25, 11:19 dates [2] - 34:20, 35:6 clients [1] - 100:7 10:24, 11:21, 13:17, 99:8 COUNTY [1] - 103:4 Dave [13] - 3:15, 3:25, cliff [2] - 75:11, 95:22 17:21, 18:20, 29:24, continues [1] - 13:20 couple [7] - 9:13, 5:18, 6:12, 7:9, 7:14, 33:23 10:13, 30:24, 31:3, close [6] - 21:10, contract [1] - 26:19 11:17, 12:11, 12:12, [1] 33:8, 58:7, 78:17 21:12, 23:12, 81:7, company - 91:8 contributing [1] - 12:19, 17:4, 18:6, 81:10, 83:10 Compensation [1] - 18:13 course [4] - 18:6, 27:14 19:2, 29:10, 58:5 [3] colinear [1] - 57:3 67:8 control [1] - 89:9 David - 30:8, 31:1, [1] courthouse [1] - collaborate [1] - 21:25 competitive - conversation [2] - 31:2 32:24 33:24 [2] collaborating [1] - 46:11, 53:6 days - 12:5, 12:19 [2] cover [3] - 42:17, 21:18 complement - conversations [1] - daytime [1] - 30:17 18:3, 27:11 56:10, 60:11 [8] collaborative [1] - 53:7 DDRB - 46:16, [4] covered [1] - 34:22 21:15 complete - 8:15, cool [4] - 24:7, 30:4, 49:8, 50:21, 50:22, 35:6, 49:3, 103:10 CRA [1] - 36:2 colleague [1] - 7:10 32:23, 34:24 52:3, 53:7, 53:9, completely [2] - crack [1] - 34:9 61:8 collected [1] - 49:17 cooperation [1] - 19:10, 30:18 CRAIG [1] - 1:15 deal [2] - 7:4, 52:8 collecting [2] - 30:6, 65:23 compliance [1] - [3] [1] 54:17 coordinator [1] - create - 10:17, dedicated - 16:18 75:22 81:22, 82:19 [1] collection [3] - 8:4, 67:18 defer - 78:12 9:24, 30:25 complication [1] - 2:9 Coordinator [1] - 1:21 created [2] - 12:12, definitely [4] - 35:9, compliment [1] - 90:21 color [1] - 30:11 copy [2] - 43:17, 50:25 51:12, 51:16, 73:3 52:21 creating [4] - 67:15, [1] colorful [4] - 5:7, 5:13, core [1] - 15:13 demand - 19:10 comprehensive [1] - 82:4, 91:23, 92:21 6:4, 21:11 corner [4] - 8:22, 8:23, Denver [2] - 5:5, 30:8 5:19 creative [1] - 18:12 columns [5] - 17:25, 9:1, 12:3 derived [1] - 5:4 concept [1] - 5:3 [1] 19:3, 21:3, 21:6, corners [2] - 6:2, creativity - 19:7 design [12] - 20:19, 21:12 conceptual [3] - 29:16 credit [3] - 35:16, 46:13, 46:15, 46:16, 50:23, 51:19, 51:23 combined [2] - 48:20, Corporate [1] - 82:10 35:19, 51:13 47:25, 48:4, 52:4, conceptually [1] - [2] 83:25 correct [18] - 40:9, Crescimbeni - 53:1, 55:10, 58:4, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:20:45 PM (904Page )4821 to 4- of0300 14 30 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 5

58:7, 63:21 dollar [3] - 69:11, 96:22, 97:20, 98:20, engaging [2] - 13:13, 84:5, 87:11, 87:13 designs [1] - 25:9 72:2, 73:8 100:20, 100:22, 53:6 expand [1] - 98:1 detail [3] - 7:11, 22:21, dollars [6] - 39:21, 101:10 ENGDAHL [7] - 7:13, expanding [1] - 73:15 52:8 53:24, 69:13, 74:4, Durden [9] - 40:1, 10:10, 12:20, 12:24, expansion [1] - 78:4 developer [8] - 46:15, 74:11, 93:10 55:14, 57:13, 57:16, 13:3, 14:15, 14:18 expectation [1] - 5:21 46:25, 49:10, 49:22, done [16] - 5:13, 7:19, 57:24, 70:19, 84:14, Engdahl [7] - 3:15, expected [1] - 69:25 53:13, 54:14, 60:1, 9:13, 19:17, 19:20, 94:25, 96:13 3:25, 7:9, 7:12, 7:14, expedite [1] - 95:11 82:15 20:18, 23:15, 28:6, Durden's [1] - 90:17 12:11, 14:13 expend [2] - 37:13, Development [2] - 30:16, 34:3, 50:3, during [2] - 64:7, 64:9 enhance [1] - 7:5 40:10 1:21, 45:9 61:6, 75:4, 75:5, dusted [1] - 19:20 Enhanced [1] - 45:7 expense [1] - 65:24 development [5] - 94:23, 100:1 Duval [1] - 6:18 enjoy [1] - 4:17 explained [1] - 57:4 3:20, 45:5, 46:7, door [1] - 69:4 DUVAL [1] - 103:4 enterprise [1] - 94:5 Express [1] - 70:6 46:10, 77:10 down [18] - 9:2, 13:21, Enterprise [2] - 8:7, expressway [1] - 43:9 DI [1] - 42:1 16:6, 22:17, 33:17, E 12:4 extensive [1] - 46:11 DIA [16] - 1:19, 1:20, 39:2, 47:11, 47:17, enters [1] - 4:20 eye [1] - 19:7 1:21, 1:21, 1:22, 48:5, 48:6, 55:25, early [3] - 38:18, entertain [2] - 39:5, 17:1, 17:11, 17:13, 56:13, 62:15, 72:23, 38:21, 96:23 50:18 F 20:16, 28:13, 36:4, 74:9, 79:12, 95:25, easier [1] - 13:14 entire [5] - 5:3, 26:25, 37:5, 42:2, 86:4, 98:11 east [3] - 7:17, 43:13, 57:19, 60:6, 60:7 fabricated [1] - 26:17 86:12, 94:9 downtown [29] - 3:20, 46:23 entirely [3] - 5:1, fabricating [1] - 19:18 diagram [1] - 63:5 4:24, 6:1, 15:9, East [1] - 3:7 62:11, 62:12 facade [4] - 60:5, 60:9, dialogue [3] - 22:5, 17:21, 18:4, 18:12, eastern [3] - 47:10, entirety [1] - 60:9 60:12, 60:19 30:6, 99:4 22:6, 26:20, 27:12, 47:18, 63:10 envision [1] - 34:9 face [1] - 2:10 Diane [3] - 1:9, 103:7, 29:11, 29:13, 32:12, economic [1] - 45:5 equal [1] - 17:9 facilities [2] - 37:10, 103:18 66:16, 68:15, 69:16, Ed [1] - 1:7 equally [3] - 53:11, 37:15 Diebenow [3] - 59:5, 71:1, 71:9, 71:11, Eddie [3] - 8:24, 9:16, 75:22, 77:18 facility [1] - 73:15 73:16, 81:1, 81:8, 59:7, 59:24 12:9 equity [3] - 51:1, 51:4, fact [5] - 29:4, 32:6, DIEBENOW [7] - 81:11, 81:20, 81:24, edge [1] - 47:10 51:6 85:2, 97:25, 98:1 82:3, 83:14, 95:8, 59:23, 61:20, 63:1, effect [5] - 3:23, 6:9, especially [3] - 32:24, factor [1] - 72:16 98:2 63:7, 63:9, 63:13, 71:23, 72:11, 73:19 97:17, 97:20 failed [1] - 27:6 Downtown [9] - 4:3, 63:16 effectuate [3] - 37:7, essence [1] - 86:10 fair [2] - 38:11, 99:17 16:20, 37:3, 45:3, different [4] - 30:19, 37:17, 40:15 essentially [1] - 38:23 fall [3] - 66:19, 93:11, 45:8, 45:10, 66:4, 41:13, 68:21, 88:6 effort [2] - 7:10, 21:15 estimate [1] - 54:25 93:15 66:7, 66:9 difficult [2] - 90:15, efforts [1] - 53:17 estimated [1] - 57:17 familiar [2] - 6:16, downturn [1] - 89:13 93:20 either [7] - 38:18, event [1] - 18:16 7:22 draft [1] - 91:5 dimensional [3] - 5:8, 57:2, 61:15, 61:17, events [2] - 34:20, far [4] - 4:25, 20:18, drawings [1] - 32:21 6:4, 7:6 84:23, 91:2, 96:3 35:5 42:13, 63:21 Drive [2] - 59:25, directly [2] - 28:16, elbow [1] - 26:22 eventually [1] - 10:19 Farah [3] - 8:24, 9:17, 69:20 47:19 elevation [1] - 63:10 exact [1] - 72:6 12:9 driver [1] - 100:5 director [2] - 68:6, eligible [1] - 93:10 exactly [5] - 3:19, fashion [1] - 95:3 Drugan [1] - 30:12 97:22 emphasize [1] - 12:10 13:1, 85:3, 85:20, fast [1] - 80:11 dual [1] - 21:19 Director [1] - 3:8 employees [21] - 97:3 favor [5] - 36:21, due [1] - 33:8 Directors [1] - 37:4 66:21, 67:10, 67:13, example [5] - 5:16, 44:20, 65:17, 90:20, discrepancies [1] - duration [4] - 75:25, 68:12, 77:1, 77:2, 6:19, 11:8, 93:9, 101:3 76:22, 79:19, 79:24 78:19 81:1, 81:8, 81:11, 93:13 FDOT [4] - 37:8, DURDEN [49] - 1:15, discuss [1] - 4:1 81:19, 82:2, 83:2, examples [1] - 23:11 37:10, 37:24, 38:8 14:25, 39:19, 40:7, discussed [1] - 66:14 84:22, 87:13, 87:19, except [1] - 62:7 February [12] - 38:14, 40:12, 40:20, 45:14, discussion [7] - 89:19, 92:24, 93:1, excuse [1] - 8:20 38:15, 38:18, 40:16, 45:17, 45:20, 55:15, 36:19, 44:12, 44:15, 93:4, 93:5 execute [3] - 40:15, 40:18, 41:7, 50:24, 57:12, 57:18, 58:1, 64:23, 65:17, employment [9] - 45:11, 97:22 87:10, 87:21, 99:14 58:3, 58:14, 59:8, 100:23, 100:25 77:14, 78:4, 78:5, executed [2] - 90:23, fee [1] - 38:8 59:17, 59:19, 61:18, displace [1] - 87:18 78:7, 83:15, 93:11, 91:4 feedback [7] - 4:18, 62:19, 63:3, 63:8, 93:14, 93:16, 93:19 displays [1] - 13:16 execution [1] - 66:5 23:19, 27:21, 30:6, 63:11, 63:15, 63:20, end [3] - 13:10, 16:7, disrupt [1] - 99:4 Executive [5] - 1:19, 33:17, 33:23, 61:7 64:1, 64:7, 64:11, district [4] - 26:22, 47:3 1:22, 3:8, 37:5, 45:4 feet [46] - 7:19, 8:4, 64:13, 64:19, 70:20, ends [1] - 99:23 53:11, 53:25, 54:1 executive [1] - 97:21 8:8, 8:10, 8:25, 47:3, 78:8, 84:13, 84:15, enforce [2] - 86:5, divided [1] - 57:4 Exhibit [4] - 37:11, 47:5, 47:6, 47:7, 85:10, 85:13, 85:16, document [1] - 45:13 86:13 37:19, 86:18, 96:16 48:19, 48:21, 57:2, 85:19, 86:17, 86:21, enforcement [1] - documents [2] - existing [8] - 11:23, 57:4, 61:2, 61:3, 91:21, 96:12, 96:14, 98:16, 98:23 77:24 57:5, 78:2, 84:1, 61:5, 61:14, 61:16, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 31 of 40 sheets (904Page )5821 to 5- of0300 14 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 6

61:21, 61:22, 61:24, FLORIDA [1] - 103:3 25:10 94:21, 98:19, 100:2 Hall [2] - 14:7, 33:18 62:3, 66:20, 66:25, Florida [4] - 1:8, 1:10, furniture [1] - 25:19 grade [1] - 57:5 Hallmark [1] - 82:9 68:16, 68:17, 72:17, 67:11, 103:7 future [4] - 40:25, graduated [1] - 75:13 hand [6] - 4:8, 37:21, 72:23, 76:2, 76:10, florida [1] - 103:18 42:9, 85:2 graffiti [2] - 19:5, 24:7 45:18, 55:17, 63:5 76:19, 76:21, 76:25, fluctuate [1] - 92:2 fuzzy [1] - 74:25 graffiti-style [1] - 24:7 handle [3] - 20:10, 78:25, 79:6, 79:16, focused [1] - 15:13 Grant [10] - 45:7, 45:8, 58:25, 75:20 79:19, 79:24, 83:7, foliage [1] - 22:19 G 48:17, 49:14, 49:21, handsome [1] - 30:14 84:19, 88:11, 95:8, folks [1] - 33:18 51:11, 64:18, 66:2, hang [2] - 14:5, 45:12 96:18 follow [3] - 5:17, gaining [1] - 4:5 66:11, 93:8 Hanna [2] - 7:23, 8:22 fence [1] - 29:9 55:15, 80:19 galleries [1] - 18:10 grant [2] - 72:2, 72:6 happy [2] - 43:5, 94:21 few [2] - 18:22, 94:22 following [2] - 67:17, Gallery [1] - 9:2 grantee [1] - 24:15 hard [5] - 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8:3, 9:23, 13:8, 13:24, 14:2, Friends [2] - 8:1, 8:2 31:3, 70:25 flag [2] - 2:10, 2:12 13:4 15:15 Friendship [1] - 39:13 guys [20] - 2:25, 3:17, Flagler [2] - 43:12, gifted [3] - 7:25, 9:22, hate [4] - 70:23, 94:4, front [8] - 6:17, 8:7, 3:21, 4:8, 4:9, 16:8, 43:13 10:6 99:3, 99:4 12:8, 26:5, 26:12, 17:1, 18:12, 20:13, flanked [1] - 57:1 girls [1] - 29:23 head [2] - 65:2, 72:14 47:15, 48:24, 62:5 22:3, 25:3, 27:15, flavors [1] - 20:9 given [3] - 32:20, 27:17, 29:23, 30:21, heading [1] - 26:23 fruition [1] - 7:3 flew [1] - 30:1 45:18, 54:12 34:15, 35:17, 57:11, headquarters [1] - full [2] - 32:6, 32:9 flights [2] - 30:3 glad [3] - 39:5, 39:11, 97:25, 98:2 73:15 functional [1] - 24:12 flip [1] - 8:11 43:3 hear [8] - 17:4, 22:2, functionality [2] - goal [1] - 93:5 40:13, 87:2, 87:4, floating [1] - 93:24 20:22, 25:6 H floats [2] - 93:13, Goldfaden [1] - 82:9 89:4, 99:8 funding [1] - 16:21 93:18 GOLDFADEN [15] - Haddad [1] - 30:12 heard [8] - 11:5, funds [5] - 37:13, 82:21, 83:4, 83:8, Hager [2] - 25:11, 46:16, 49:7, 53:9, floor [3] - 2:21, 62:9, 40:1, 40:3, 40:11, 83:11, 85:6, 87:25, 25:12 53:10, 87:22 62:22 42:21 Floor [1] - 1:8 88:25, 90:25, 91:4, half [4] - 6:24, 6:25, hearing [2] - 90:20, furnishings [1] - floors [1] - 62:23 91:15, 91:25, 92:13, 76:16, 95:9 91:22 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:20:45 PM (904Page )6821 to 6- of0300 14 32 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 7

heartburn [1] - 80:16 17:15, 26:14, 39:14, indicating [3] - 21:7, islands [1] - 61:16 Jubran [3] - 7:23, 8:22 height [1] - 8:10 41:1, 60:25 49:4, 59:16 issue [3] - 65:4, 83:1, jump [2] - 17:11, 70:6 held [2] - 1:6, 18:16 ideas [2] - 22:1, 23:11 indicating) [3] - 26:7, 88:8 jumped [1] - 24:18 help [2] - 27:20, 38:23 II [2] - 26:21, 34:15 26:14, 32:16 issues [4] - 38:25, June [1] - 13:10 helped [1] - 29:4 III [1] - 26:24 individual [1] - 39:8 42:18, 75:3, 87:22 Hemming [3] - 8:1, illuminated [1] - 12:15 individuals [7] - IT [1] - 68:3 K 8:2, 12:6 illustrated [1] - 37:11 66:22, 67:19, 68:5, it'll [2] - 9:5, 22:19 Hendricks [2] - 43:8, images [1] - 9:25 69:8, 69:15, 70:5, IT-related [1] - 68:3 Karen [3] - 28:8, 35:1, 43:13 imagine [3] - 20:3, 70:9 item [4] - 36:25, 42:8, 58:12 HENSE [1] - 18:24 90:22, 97:13 industry [1] - 68:4 46:5, 87:9 KAREN [1] - 1:22 herself [1] - 82:12 impact [6] - 13:15, inflow [1] - 64:6 itself [28] - 11:23, KAY [1] - 1:17 hesitant [1] - 89:17 71:1, 71:24, 72:20, inflows [3] - 57:17, 32:20, 37:11, 37:20, Kay [1] - 23:5 high [6] - 7:19, 8:5, 73:1, 74:11 57:23, 64:3 38:21, 39:3, 41:11, keep [11] - 11:1, 8:8, 8:10, 58:22, important [11] - 4:22, information [8] - 2:25, 45:24, 46:2, 47:1, 15:21, 28:11, 34:20, 59:2 5:8, 13:18, 15:2, 3:17, 4:14, 4:15, 47:6, 47:23, 47:25, 35:4, 48:8, 48:12, higher [2] - 47:6 15:9, 16:22, 38:22, 16:5, 24:25, 33:2, 48:4, 48:10, 48:22, 87:16, 88:19, 89:21, highlighted [1] - 43:11 68:18, 95:2, 98:4, 97:15 49:2, 49:9, 49:25, 90:10 highly [2] - 52:16, 98:8 initiative [6] - 3:13, 50:5, 50:13, 53:5, Keith [1] - 82:9 97:11 importantly [1] - 46:13 3:14, 4:19, 17:5, 66:11, 66:25, 67:12, kidding [1] - 21:4 Hines [1] - 46:1 imported [1] - 31:24 24:16, 42:11 76:6, 80:2, 81:24 kind [16] - 7:7, 9:25, hire [3] - 67:18, 68:4, impressed [1] - 95:21 Initiative [1] - 4:3 19:24, 20:10, 21:3, 68:9 impressive [2] - 17:3, initiatives [1] - 27:13 J 21:18, 22:17, 23:23, history [1] - 33:12 17:10 input [4] - 4:18, 32:4, 24:2, 25:14, 26:13, Jack [1] - 52:19 hit [2] - 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1:10 dollar-per-year [1] - income [1] - 68:22 introduce [2] - 59:6, 88:20, 89:12, 89:21, [6] 72:2 increase [2] - 67:2, 82:12 large - 5:7, 6:3, 90:10, 90:21, 91:10, 6:9, 27:8, 27:10, hundreds [2] - 28:21, 71:15 invent [1] - 13:18 91:16, 91:21, 92:6, 34:4 29:20 increased [1] - 71:18 investing [1] - 3:21 92:21, 92:22, 93:8, large-scale [1] - 5:7 hurricane [2] - 31:18, indeed [1] - 15:15 Investment [8] - 96:18, 98:4, 98:18 largest [1] - 33:11 31:25 indefinitely [1] - 5:25 16:20, 37:4, 45:3, Johannesburg [1] - last [5] - 9:11, 20:8, Hurricane [3] - 29:25, indented [1] - 60:17 45:8, 45:11, 66:4, 5:5 55:23, 69:5, 80:25 31:17, 31:18 indention [1] - 62:4 66:7, 66:9 JOHN [1] - 1:22 late [3] - 14:6, 38:18, Hyatt [1] - 13:22 independent [1] - investment [1] - 3:23 John [1] - 92:15 66:19 18:10 involved [2] - 8:18, joking [1] - 27:7 laughter [1] - 23:8 I Independent [1] - 35:10 JTA [4] - 19:1, 19:2, Laura [3] - 6:18, 9:19, 59:24 IP [1] - 66:7 35:23, 38:2 13:1 idea [8] - 9:21, 15:12, indicated [1] - 50:7 iPad [1] - 2:13 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 33 of 40 sheets (904Page )7821 to 7- of0300 14 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 8

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79:12 MOSH [1] - 31:22 math [3] - 61:24, 45:14, 45:17, 45:20, look [16] - 19:24, 21:2, Memorial [2] - 26:6, most [5] - 6:10, 20:4, 52:2, 52:14, 53:19, 21:10, 22:14, 23:9, 64:17, 74:3 26:12 46:12, 64:13, 94:4 54:10, 54:21, 55:1, 23:12, 24:3, 26:13, matter [1] - 90:9 mostly [1] - 22:1 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:20:45 PM (904Page )8821 to 8- of0300 14 34 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 9

motion [5] - 36:13, 87:1, 87:4, 87:8, newly [1] - 90:21 83:6 38:1 44:8, 65:12, 87:23, 87:25, 88:25, 90:25, next [21] - 5:22, 10:13, occurs [1] - 72:4 operations [1] - 38:6 100:11 91:4, 91:13, 91:15, 12:5, 12:19, 25:10, OF [4] - 1:1, 103:1, opinion [1] - 80:11 motivating [1] - 72:16 91:21, 91:25, 92:13, 25:24, 26:16, 26:23, 103:3, 103:4 opportunities [1] - Mousa [1] - 37:22 92:15, 94:21, 98:19, 28:7, 33:3, 33:10, offer [1] - 75:19 75:7 move [8] - 35:23, 36:1, 99:3, 99:8, 100:2, 34:3, 43:7, 46:20, Office [3] - 1:22, 37:6, opportunity [3] - 69:8, 38:17, 65:9, 81:19, 100:10, 100:13, 48:7, 69:2, 69:4, 92:15 75:17, 99:5 82:3, 96:7, 100:15 100:19 89:22, 92:12, 94:22, office [4] - 4:4, 13:6, Opposed [1] - 101:5 moved [2] - 36:15, multifamily [1] - 45:6 100:16 67:9, 71:22 opposed [7] - 23:25, 44:9 multiparty [1] - 8:19 nice [3] - 12:13, 22:16, Officer [4] - 1:19, 24:1, 36:23, 44:22, movement [1] - 31:14 multiple [1] - 25:14 22:19 37:5, 37:23, 45:5 55:21, 65:19, 74:10 moving [9] - 15:5, multiplier [2] - 72:11, nicely [1] - 73:3 Oka [1] - 100:23 options [2] - 68:21, 48:9, 48:12, 66:23, 73:19 night [2] - 12:15, old [2] - 20:1, 33:5 88:6 70:21, 82:18, 91:19, murals [1] - 18:5 31:12 Oliver [2] - 70:25, order [1] - 2:4 91:23, 99:20 museum [3] - 18:8, no-brainer [1] - 71:3 87:15 ordinance [2] - 16:12, MR [156] - 2:23, 3:4, 31:5 None [1] - 65:6 OLIVER [1] - 1:14 37:17 3:6, 4:11, 4:21, 7:13, must [1] - 82:20 North [4] - 1:7, 6:18, omit [1] - 79:3 Oregon [2] - 8:13, 10:8, 10:10, 10:11, 7:24, 9:9 Omni [2] - 22:17, 30:2 8:14 11:13, 12:20, 12:22, N north [3] - 9:19, 22:17, onboard [1] - 75:20 original [1] - 25:11 12:24, 13:1, 13:3, 26:8 once [10] - 12:1, outcome [1] - 73:12 13:8, 13:24, 14:2, NAI [1] - 82:9 Northeast [1] - 67:11 13:18, 34:3, 34:15, outcomes [1] - 18:19 14:15, 14:18, 15:15, name [4] - 3:3, 10:15, northeast [1] - 8:23 38:2, 52:17, 72:4, outdoor [3] - 20:24, 15:20, 15:23, 16:3, 59:24, 82:7 Notary [1] - 1:9 99:22 26:1 23:5, 23:9, 25:19, named [1] - 18:24 note [1] - 50:6 one [67] - 5:3, 5:16, outflow [2] - 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17:6, 32:23, 33:11, 38:25, 11:15, 11:20, 77:7 51:20, 51:22, 52:13, 96:24, 98:23, 99:12, 21:21, 27:10, 29:3, 39:21, 44:19, 45:12, owners [5] - 6:5, 6:6, 53:3, 54:2, 54:12, 99:21, 100:17 38:25, 39:1, 55:20, 45:17, 46:24, 47:24, 6:21, 7:3, 13:13 54:23, 55:3, 55:4, needed [1] - 41:25 61:12, 68:21, 79:1, 50:6, 53:20, 55:17, 55:25, 56:25, 57:7, negotiate [5] - 38:7, 79:9, 83:24, 83:25, 58:9, 58:13, 58:16, P 57:15, 57:21, 59:23, 45:5, 66:10, 94:8, 84:8, 84:22, 87:13, 58:18, 62:3, 62:25, 61:20, 63:1, 63:7, 94:18 87:16, 89:19, 90:16, 67:9, 68:1, 72:15, p.m [3] - 1:7, 2:1, 63:9, 63:13, 63:16, negotiating [1] - 95:16 90:17, 91:16, 92:25, 73:21, 74:20, 75:9, 102:4 64:3, 64:9, 64:12, negotiation [1] - 92:10 93:1, 93:11, 93:14, 75:22, 81:25, 85:20, package [2] - 34:19, 64:17, 66:3, 71:20, neighborhood [1] - 93:15, 93:19, 96:3 94:2, 94:4, 95:1, 99:10 72:5, 72:14, 72:15, 69:6 numbers [2] - 80:3, 99:10 packed [1] - 32:7 73:9, 73:13, 73:17, neighborhoods [1] - 84:9 One [7] - 66:2, 66:8, pad [1] - 25:15 75:18, 76:12, 76:15, 23:21 numerous [1] - 88:5 67:7, 76:20, 81:15, PADGETT [9] - 1:16, 76:18, 77:2, 77:9, net [5] - 49:23, 54:15, 82:11, 90:19 39:15, 56:7, 65:15, 77:12, 77:17, 77:21, 57:22, 57:23, 64:6 one's [1] - 58:15 70:14, 95:1, 95:7, 78:5, 78:6, 78:19, O nets [1] - 34:1 one-third [1] - 10:12 95:15, 101:18 78:21, 78:24, 79:3, never [2] - 22:16, 28:5 o'clock [1] - 46:17 ones [3] - 19:9, 35:17, Padgett [3] - 56:6, 79:6, 79:10, 79:15, nevertheless [1] - objectives [1] - 20:22 43:19 70:13, 95:19 79:22, 80:7, 81:6, 46:19 obviously [9] - 20:17, online [1] - 53:15 page [2] - 33:21, 80:18 81:7, 81:10, 81:14, new [15] - 27:13, 32:5, 88:14, 88:18, open [1] - 44:15 paid [1] - 52:9 81:18, 81:22, 81:25, 29:12, 67:16, 69:13, 88:21, 89:11, 92:3, openings [1] - 35:6 paint [1] - 24:1 82:2, 82:21, 83:4, 74:4, 82:4, 84:1, 92:6, 100:7 operate [1] - 41:21 83:8, 83:11, 84:1, painting [1] - 28:21 89:12, 89:21, 90:10, occupancy [1] - 71:16 operating [2] - 42:8, 84:3, 84:7, 85:6, palm [2] - 60:13, 60:15 91:10, 91:24, 92:6, occupied [1] - 46:21 42:9 86:16, 86:19, 86:23, panel [2] - 30:22, 93:4, 93:5 occupy [2] - 66:20, operation [2] - 37:9, 33:14 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 35 of 40 sheets (904Page )9821 to 9- of0300 14 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 10

Panel [1] - 21:24 83:14 16:10, 16:11, 27:16, 65:2 16:24, 17:23, 18:2, panicked [1] - 30:2 per [7] - 56:9, 71:13, 33:12 President [4] - 1:20, 18:3, 20:16, 28:14, parallel [1] - 61:10 71:19, 72:2, 74:6, planned [1] - 40:24 37:22, 44:4, 64:25 56:11 parcel [1] - 92:20 74:11, 90:17 plant [1] - 24:10 Preston [12] - 2:20, promenade [1] - 22:15 Park [4] - 12:6, 24:16, per-job [1] - 74:11 play [2] - 31:10, 80:13 3:16, 3:25, 4:12, prominent [1] - 29:15 25:13, 39:13 percent [16] - 8:15, plays [1] - 32:14 7:13, 7:16, 7:25, promising [1] - 98:24 park [3] - 12:13, 32:7, 16:17, 28:17, 49:15, pleased [1] - 17:19 8:19, 9:17, 17:4, promote [2] - 38:23, 39:1 49:21, 51:7, 60:7, pleasure [1] - 35:14 18:6, 27:14 69:7 park-like [1] - 12:13 60:11, 60:18, 60:20, Pledge [2] - 2:8, 2:15 Preston's [1] - 8:24 proof [1] - 32:17 parkers [1] - 32:4 64:18, 93:3, 93:10, plethora [2] - 68:19, presumably [1] - 89:9 property [13] - 5:1, Parking [1] - 37:6 93:12, 93:16, 96:4 68:20 pretty [4] - 7:4, 85:11, 6:7, 6:20, 6:23, 9:7, parking [28] - 9:4, percentage [3] - plus [6] - 40:24, 57:5, 90:7, 94:19 45:25, 46:1, 46:19, 12:11, 14:5, 28:22, 16:12, 16:25, 93:3 61:24, 84:1, 84:8 price [2] - 28:23, 46:22, 47:11, 66:12, 29:1, 30:9, 32:8, Percentage [1] - 28:15 podium [8] - 2:22, 50:10 71:22, 98:11 32:10, 37:1, 37:8, percentage-for-art [2] 4:10, 7:12, 15:19, pride [1] - 13:17 proposal [1] - 33:8 37:10, 37:15, 38:2, - 16:12, 16:25 27:24, 59:7, 82:5, private [5] - 3:14, proposed [2] - 8:6, 38:5, 38:9, 41:8, percentagewise [1] - 82:13 3:23, 4:25, 9:7, 94:5 46:3 41:14, 42:6, 42:15, 95:25 point [10] - 3:19, 4:17, private-side [1] - 3:23 proud [2] - 17:17, 49:2, 52:10, 56:22, perfect [1] - 6:19 5:24, 11:2, 16:5, privy [1] - 86:4 28:24 56:23, 59:1, 61:8, performing [1] - 73:3 34:12, 46:8, 66:17, pro [2] - 49:12, 90:11 prove [1] - 23:17 61:9, 61:12, 63:17 perhaps [2] - 10:12, 95:24 probe [1] - 52:23 provide [1] - 27:21 Parkway [1] - 82:10 70:9 pointed [1] - 70:8 problem [3] - 34:24, provided [1] - 24:25 PAROLA [3] - 1:21, period [7] - 11:10, pointing [1] - 26:8 84:16, 98:22 providing [3] - 74:12, 56:25, 57:7 11:12, 34:23, 55:20, points [1] - 33:22 proceed [1] - 95:3 74:13, 82:24 part [8] - 11:6, 11:7, 57:16, 64:4, 64:9 poll [1] - 99:12 Proceedings [1] - 1:6 provision [1] - 90:8 24:15, 28:15, 31:11, permanent [1] - 20:7 pool [2] - 59:3, 59:14 proceedings [3] - Prudential [4] - 47:20, 40:1, 40:3, 91:11 permission [1] - 6:13 pop [5] - 21:11, 26:21, 4:20, 102:3, 103:9 48:6, 69:20, 82:16 participate [1] - 13:20 person [1] - 76:7 27:13, 30:11, 31:14 process [13] - 8:2, public [35] - 4:23, 5:2, particular [31] - 30:18, personal [1] - 10:14 portion [3] - 6:22, 11:14, 11:17, 13:4, 6:3, 6:20, 10:25, 38:12, 40:10, 46:3, perspective [1] - 54:6, 54:24 13:13, 15:6, 30:7, 11:3, 16:18, 16:22, 46:6, 46:8, 46:17, 59:12 positions [1] - 67:16 38:3, 38:18, 38:20, 17:9, 18:16, 19:8, 47:14, 48:13, 48:15, Petersburg [1] - 26:3 positive [2] - 41:3, 51:14, 71:21, 92:10 19:16, 22:2, 23:19, 49:4, 49:7, 49:18, Phase [6] - 17:23, 71:24 processing [1] - 67:9 27:20, 29:2, 31:7, 49:25, 50:4, 50:17, 26:21, 26:24, 27:9, positives [1] - 70:24 product [1] - 23:12 32:25, 37:7, 38:5, 51:8, 51:11, 65:9, 34:15 possible [1] - 16:4 Professional [2] - 38:9, 39:1, 39:13, 66:12, 66:16, 67:14, phase [2] - 25:23, possibly [1] - 50:4 103:7, 103:18 41:7, 41:13, 42:6, 68:14, 68:22, 69:8, 25:24 posted [1] - 34:20 professor [1] - 25:1 42:15, 44:16, 56:16, 69:9, 69:10, 69:20, phases [3] - 27:10, potentially [5] - 14:19, profit [1] - 89:8 62:7, 62:11, 62:12, 75:24, 76:6, 84:11 43:25, 44:1 51:10, 69:1, 72:21 profitable [2] - 89:10, 65:4, 100:25 particularly [2] - 4:23, Philly [1] - 30:23 power [2] - 86:5, 89:11 Public [13] - 1:9, 3:9, 46:12 pick [2] - 92:24, 99:24 86:12 Program [1] - 28:15 6:13, 8:3, 9:24, 13:5, partner [2] - 8:24, 51:2 picture [4] - 12:10, pre [1] - 21:2 program [4] - 3:10, 15:2, 16:9, 16:11, [2] 27:16, 33:12, 33:24, Partners - 66:8, 30:17, 62:14, 91:24 pre-installed [1] - 21:2 14:21, 16:13, 16:25 82:9 37:6 piece [9] - 8:21, 8:24, predate [1] - 20:17 progress [3] - 5:20, partnership [1] - 9:16 pull [2] - 32:22, 45:13 8:25, 9:8, 9:21, 9:22, predicated [1] - 51:9 8:13, 29:12 parts [2] - 15:12, 29:6 purchased [1] - 7:25 26:2, 30:18, 30:19 prefer [3] - 23:25, project [29] - 19:16, party [2] - 77:20, pieces [9] - 8:12, 9:11, 87:8, 99:9 19:24, 21:21, 25:13, purple [2] - 17:24, 77:22 18:9 10:1, 11:11, 27:1, prefers [1] - 23:24 26:25, 28:17, 29:2, path [2] - 19:14, 22:18 purpose [1] - 37:18 30:24, 31:3, 31:4, prelude [1] - 18:22 32:22, 33:11, 34:4, paved [2] - 9:3, 12:14 purposes [1] - 38:5 34:18 preparation [1] - 8:16 45:24, 46:12, 48:8, pavement [1] - 61:22 purview [2] - 41:20, place [11] - 4:25, 5:20, presence [2] - 73:15, 48:11, 48:12, 48:13, pay [2] - 6:24, 6:25 5:23, 7:21, 9:14, 78:2 48:14, 48:15, 49:4, 42:4 push [1] - 88:8 paying [1] - 72:22 12:2, 12:5, 12:17, PRESENT [2] - 1:12, 50:5, 50:17, 51:2, payment [1] - 38:8 23:22, 47:9, 83:16 1:18 51:4, 51:14, 51:16, pushed [1] - 61:6 [1] pushing [1] - 62:1 payroll [1] - 76:3 placed - 9:18 presentation [5] - 58:6, 70:11, 75:24, pedestal [1] - 8:9 placement [1] - 9:21 2:18, 4:14, 28:7, 92:19 put [3] - 2:6, 34:18, people [12] - 9:6, 11:5, places [2] - 5:20, 34:10, 52:24 Project [7] - 4:4, 94:16 12:17, 13:11, 23:18, 23:14 presented [1] - 27:14 16:17, 17:2, 17:12, 18:15, 33:12, 33:25 24:11, 25:17, 65:24, Places [9] - 3:9, 8:4, presently [1] - 46:8 projects [8] - 16:14, 68:3, 68:9, 68:22, 9:24, 13:6, 15:2, PRESIDENT [2] - 44:6, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:20:45 PM (Page904 10) 821 to 10-0300 of 14 36 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 11

Q 25:13, 27:11, 31:6, 103:18 riverfront [1] - 38:23 12:9, 12:17, 17:5, 32:9, 33:16, 35:17, represent [1] - 82:15 Riverside [1] - 4:12 24:16, 26:1, 26:2 qualifications [1] - 36:11, 60:21, 62:13, representative [2] - Riverwalk [16] - 39:3, sculptures [3] - 5:8, 20:21 64:15 26:9, 81:15 47:1, 47:4, 47:7, 18:5, 26:4 quality [2] - 16:23, reason [2] - 74:15, representatives [1] - 47:16, 47:23, 48:6, Sean [1] - 60:2 31:13 77:23 11:22 48:20, 49:9, 57:3, seating [6] - 12:15, questions [15] - 4:18, reasonable [1] - 80:15 request [1] - 10:14 60:22, 61:2, 62:3, 60:16, 61:5, 62:4, 27:17, 34:11, 39:5, Recapture [1] - 45:7 requesting [1] - 37:16 62:6, 62:11, 62:15 62:11, 62:17 39:9, 50:19, 52:1, received [1] - 50:25 require [1] - 89:14 Road [1] - 7:14 seatings [1] - 25:16 52:23, 58:8, 63:21, Recitation [1] - 2:15 required [1] - 10:4 robust [1] - 2:24 seats [1] - 25:14 64:21, 70:3, 78:13, recognition [1] - 4:6 requiring [1] - 85:4 role [1] - 29:5 Seattle [1] - 30:12 96:11, 99:9 recognize [1] - 17:25 residential [1] - 58:22 RON [1] - 1:16 second [12] - 36:16, quick [1] - 94:3 recommendations [1] Resolution [5] - 37:2, Room [2] - 97:9, 100:4 36:17, 44:10, 44:11, quickly [3] - 71:2, - 94:13 44:8, 44:25, 66:1, room [2] - 2:11, 80:13 45:12, 62:23, 65:13, 73:4, 100:1 record [3] - 3:5, 70:24, 84:17 rotated [1] - 75:2 65:15, 85:8, 100:20, quite [3] - 2:24, 43:4, 103:10 resolution [22] - 37:3, roughly [16] - 46:2, 100:21, 100:22 91:14 recoup [2] - 38:6, 37:17, 37:18, 45:3, 46:4, 47:3, 48:14, Second [1] - 36:18 quiz [1] - 27:6 42:13 65:10, 66:4, 79:5, 48:18, 50:11, 50:12, secondly [2] - 41:19, quizzing [1] - 27:2 Redevelopment [6] - 84:23, 85:1, 85:14, 51:3, 51:5, 51:6, 78:2 quote [1] - 100:4 1:20, 1:21, 36:8, 85:24, 86:12, 86:20, 54:16, 68:5, 68:8, section [1] - 63:17 quote-unquote [1] - 36:9, 101:24, 102:1 90:16, 94:6, 94:7, 68:11, 68:13 Section [1] - 41:8 100:4 REDEVELOPMENT 97:1, 97:6, 97:8, run [1] - 49:15 see [48] - 3:20, 4:9, [1] - 1:2 97:15, 100:9 running [2] - 49:12, 10:12, 13:14, 13:21, R reduce [2] - 89:14, resolutions [1] - 36:2 50:15 14:3, 14:7, 14:19, 93:12 resolve [1] - 100:1 runs [1] - 56:18 15:1, 17:24, 18:18, rack [4] - 24:5, 24:8, reduction [1] - 73:8 respect [1] - 32:10 rural [1] - 8:14 19:13, 19:18, 20:15, 24:14, 24:19 Reed [1] - 22:7 respondents [1] - Russia [1] - 26:3 23:13, 24:3, 29:10, racks [4] - 24:4, 24:9, referenced [1] - 72:12 29:20 29:14, 29:16, 30:10, 24:17, 25:1 references [1] - 37:19 response [15] - 14:14, S 30:21, 31:10, 32:19, Rafael [1] - 26:2 referencing [1] - 41:8 34:7, 36:20, 36:24, 34:17, 39:11, 43:3, railroad [7] - 47:12, reflective [2] - 31:9, 44:13, 44:18, 44:23, sadly [1] - 31:25 43:5, 46:5, 48:2, 47:21, 56:19, 61:13, 31:13 54:11, 57:14, 64:22, safe [1] - 20:23 48:4, 48:18, 48:24, 61:21, 61:25, 63:14 regarding [2] - 53:1, 64:24, 65:5, 65:20, salary [1] - 67:23 48:25, 49:1, 52:10, raised [1] - 87:15 92:24 100:24, 101:1 San [2] - 47:22, 70:7 58:13, 60:13, 60:15, ran [1] - 24:18 regards [3] - 38:25, responsibilities [1] - saved [2] - 24:17, 60:21, 62:13, 84:21, range [1] - 10:5 46:11, 51:13 75:7 24:23 84:22, 96:15, 97:23, ranges [1] - 68:22 regular [1] - 72:6 restrict [1] - 89:17 saw [3] - 21:3, 24:20, 98:12, 98:14, 99:13 ranging [1] - 46:12 related [1] - 68:3 resumes [1] - 74:16 51:15 seeing [2] - 44:19, 60:22 Raphael [1] - 26:14 relationship [1] - return [1] - 51:7 SAWYER [2] - 1:22, Raphael's [1] - 26:4 71:17 REV [12] - 45:8, 48:16, 92:15 seeking [2] - 48:16, 49:14 rarely [1] - 95:21 relevant [1] - 30:10 49:14, 49:21, 51:11, Sawyer [3] - 92:14, seem [2] - 43:11, 75:5 rata [1] - 90:12 relocated [1] - 91:19 64:18, 66:2, 72:6, 92:15, 95:20 segue [1] - 33:21 rate [3] - 45:6, 51:7, relocating [2] - 69:15, 93:8, 93:12, 93:18, scale [3] - 5:7, 8:5, 67:2 84:6 93:22 60:25 selected [1] - 21:23 Ray [3] - 30:23, 31:8 remain [2] - 54:1, revenue [4] - 38:9, scenario [1] - 74:14 selection [3] - 11:16, reached [1] - 11:22 83:15 42:17, 72:10, 73:11 schedule [1] - 19:16 30:21, 33:14 read [4] - 20:1, 36:13, remaining [3] - 64:5, revenues [1] - 42:7 school [4] - 53:25, Selection [1] - 21:23 83:20, 94:5 84:11, 89:10 review [1] - 20:19 54:7, 54:23, 69:2 semifinalists [2] - reads [1] - 94:7 remains [2] - 81:5, reviewed [1] - 20:20 science [1] - 72:6 29:19, 33:7 ready [1] - 63:25 83:16 reward [1] - 32:11 scope [1] - 96:6 semipermanent [1] - real [4] - 5:24, 41:3, remember [2] - 74:21, RFPs [1] - 19:9 screened [1] - 63:17 20:6 55:11, 72:16 97:3 right-of-way [1] - sculptor [3] - 8:13, sense [3] - 13:16, really [34] - 7:5, 8:15, rendering [2] - 21:8, 37:10 9:13, 10:2 89:6, 89:20 8:17, 12:12, 12:16, 63:18 rights [2] - 46:7, 46:10 sculptors [2] - 11:18 separate [1] - 58:20 13:7, 15:2, 17:3, rent [2] - 56:9, 95:5 ring [1] - 14:2 Sculpture [1] - 4:3 September [2] - 33:4, 17:6, 17:8, 17:10, repeat [1] - 81:25 ripple [1] - 3:23 sculpture [21] - 5:13, 66:19 17:17, 17:19, 18:11, report [1] - 103:9 Ritz [1] - 31:5 5:15, 6:17, 6:19, service [1] - 52:5 20:7, 20:13, 21:11, REPORTER [1] - river [9] - 26:9, 26:11, 7:17, 7:23, 7:24, 8:4, set [4] - 16:13, 60:15, 22:4, 22:14, 22:16, 103:1 47:11, 52:6, 56:13, 8:6, 8:11, 8:14, 9:12, 71:7, 92:11 22:18, 23:19, 24:2, Reporter [2] - 103:8, 60:10, 60:14, 63:11 9:17, 10:3, 12:2, set-aside [1] - 16:13 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 37 of 40 sheets (Page904 11) 821 to 11-0300 of 14 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 12

setback [2] - 61:1, site-specific [1] - Southbank [9] - 37:1, standard [3] - 75:12, suburbs [1] - 67:11 61:3 30:13 37:20, 38:24, 40:24, 89:24, 92:5 successful [6] - 19:8, sets [1] - 60:17 sites [1] - 6:3 45:1, 45:24, 46:20, standards [1] - 20:23 22:14, 23:17, 23:18, setting [1] - 12:13 sitting [2] - 24:19, 66:24, 69:14 standing [1] - 9:4 31:7, 32:10 seven [6] - 22:23, 25:15 southeast [1] - 12:3 standpoint [6] - 46:14, sufficient [1] - 75:15 22:24, 23:14, 37:19, situated [1] - 6:7 Southside [4] - 37:13, 50:1, 50:3, 52:22, Suite [1] - 59:25 38:1, 38:4 situation [2] - 37:25, 42:22, 69:19, 73:1 76:4, 79:17 summary [1] - 36:11 shadow [1] - 31:10 67:3 southwest [1] - 56:18 start [4] - 2:7, 3:1, summer [2] - 26:23, shakes [1] - 65:2 Six [1] - 77:2 space [32] - 12:11, 70:2 33:10 share [2] - 2:25, 22:1 six [2] - 19:21, 101:20 14:4, 20:24, 47:1, started [1] - 18:14 SunTrust [1] - 66:23 sharing [3] - 30:6, Skyway [7] - 15:25, 47:4, 66:20, 66:25, starts [1] - 20:16 supervisors [1] - 33:2, 38:10 18:1, 19:2, 21:2, 68:17, 71:2, 71:25, State [2] - 1:9, 23:25 67:22 sheet [4] - 86:3, 86:13, 35:23, 36:5, 70:6 72:5, 72:8, 72:17, STATE [1] - 103:3 support [2] - 66:5, 91:12, 94:17 slide [6] - 19:22, 72:23, 73:4, 76:2, statement [2] - 85:9, 74:14 shifting [1] - 89:6 46:18, 48:7, 58:11, 76:19, 76:21, 76:25, 94:3 suppose [2] - 2:10, short [3] - 34:22, 60:4, 60:14 78:25, 79:7, 79:16, states [1] - 33:6 2:19 45:23, 75:18 slides [2] - 48:9, 58:9 79:19, 79:24, 85:25, stay [1] - 72:17 supposed [1] - 24:6 shortfall [1] - 93:23 slightly [2] - 72:7, 87:12, 87:13, 95:8, stayed [1] - 72:24 surface [3] - 30:15, shortly [1] - 12:8 72:10 95:13, 98:9, 98:13, stays [2] - 54:16, 37:9, 59:10 show [1] - 3:24 slow [1] - 16:6 98:17 83:25 surfaced [1] - 17:16 showed [2] - 10:1, small [5] - 5:14, 12:17, spaces [2] - 5:2, 61:12 steal [1] - 3:24 survey [2] - 27:19, 58:9 17:18, 19:25, 31:7 Spark [1] - 24:15 stenographic [1] - 32:3 shown [1] - 29:21 smaller [1] - 74:10 speaker [1] - 16:1 103:11 surveys [1] - 33:22 shows [2] - 29:6, 60:4 snapshot [1] - 93:22 speaking [1] - 91:20 stenographically [1] - symbolism [1] - 22:10 side [14] - 3:23, 7:17, Snyder [2] - 26:6, special [3] - 99:12, 103:9 Symposium [1] - 22:8, 31:5, 47:18, 26:12 99:21, 100:17 step [2] - 11:5, 71:20 18:15 51:6, 57:2, 61:15, SO [1] - 76:14 specialize [1] - 30:13 steps [2] - 26:16, 33:3 61:17, 61:23, 63:4, soft [1] - 50:14 specific [3] - 3:17, Steve [2] - 59:10, T 63:5, 63:6, 63:12 someone [2] - 80:7, 30:13, 87:14 59:24 sidewalk [6] - 6:9, 100:14 specifically [1] - 66:24 sticky [1] - 88:4 table [7] - 87:8, 87:20, 6:22, 6:24, 9:15, sometime [2] - 12:20, spend [1] - 28:21 still [11] - 40:8, 43:8, 100:11, 100:15, 9:18, 61:13 43:4 spot [1] - 61:8 43:21, 47:7, 56:22, 101:7, 101:15, sidewalks [2] - 5:2, sometimes [1] - 74:24 spread [2] - 15:10, 72:3, 73:10, 83:14, 101:18 6:10 somewhere [4] - 79:1, 69:11 83:16, 87:17, 100:1 talks [3] - 84:21, Siebert [1] - 60:2 80:14, 92:21, 95:13 square [25] - 66:20, stopping [1] - 5:24 96:17, 97:1 sign [6] - 27:19, 36:23, soon [1] - 5:1 66:25, 68:16, 68:17, stories [2] - 58:19, tall [1] - 8:25 44:22, 65:19, 77:18, sophisticated [1] - 72:17, 72:23, 76:2, 60:8 tax [1] - 72:10 101:5 20:4 76:10, 76:19, 76:21, storm [1] - 32:18 taxes [3] - 49:17, 67:5, sign-in [1] - 27:19 sophomore [1] - 23:6 76:25, 78:25, 79:6, straight [1] - 17:11 72:22 signal [3] - 22:23, Sorrento [1] - 7:14 79:16, 79:19, 79:24, straightened [1] - team [1] - 17:17 22:24, 23:16 sorry [18] - 3:2, 3:4, 83:7, 88:9, 88:11, 99:22 technical [1] - 24:24 88:12, 88:23, 95:7, significant [2] - 61:11, 15:20, 15:25, 28:5, street [2] - 25:10, ten [5] - 11:12, 73:8, 85:13 28:11, 31:2, 32:2, 96:18, 98:4, 100:3 33:18 98:13, 98:14, 98:15 St [1] - 26:3 significantly [1] - 67:2 35:25, 39:12, 61:23, Street [24] - 1:8, 6:18, tenant [8] - 11:15, signing [1] - 73:7 62:18, 76:12, 77:9, stadium [1] - 13:22 8:7, 8:8, 8:23, 9:19, 67:7, 71:9, 77:15, silo/industrial [1] - 79:11, 81:9, 95:2, staff [13] - 17:18, 12:4, 12:9, 13:2, 77:23, 77:25, 78:2, 30:15 97:19 35:14, 46:14, 49:5, 13:22, 21:17, 22:8, 95:4 simple [3] - 64:17, Sorry [1] - 28:11 50:3, 52:21, 75:8, 22:11, 24:15, 24:16, tenant's [2] - 71:16, 92:19, 98:24 sort [11] - 16:16, 19:4, 75:15, 76:7, 86:5, 25:12, 28:4, 28:7, 77:14 Simultaneous [1] - 19:23, 21:15, 24:6, 94:8, 94:22, 97:2 28:12, 28:14, 29:1, tenants [1] - 8:18 91:20 25:6, 31:6, 31:8, staffing [1] - 86:3 29:7 term [7] - 14:21, 86:2, sit [5] - 8:9, 8:25, 31:12, 33:16, 89:12 stage [1] - 91:5 strolling [1] - 22:19 86:13, 86:20, 88:12, 25:17, 88:18, 94:12 sought [2] - 52:11, stages [1] - 43:23 structure [2] - 32:19, 91:12, 94:17 site [18] - 8:16, 9:10, 52:16 staggers [1] - 94:16 60:8 terms [6] - 38:13, 10:3, 20:22, 30:13, sound [1] - 70:23 staging [2] - 43:8, studios [1] - 18:11 41:10, 48:3, 48:11, 46:1, 46:4, 48:8, sounds [2] - 71:4, 43:22 stuff [1] - 32:24 50:10, 74:10 48:10, 49:3, 55:9, 71:6 stairs [1] - 62:14 style [2] - 24:7, 75:11 terraces [1] - 62:8 56:23, 61:9, 67:14, south [3] - 6:18, stakeholders [1] - stymie [1] - 51:12 terrible [1] - 31:23 69:9, 91:17, 93:2, 47:10, 47:18 22:3 subjective [1] - 20:8 THE [163] - 2:3, 2:14, 93:6 South [2] - 3:7, 5:6 stand [1] - 25:7 submarket [1] - 71:10 2:16, 3:2, 3:5, 10:22, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:20:45 PM (Page904 12) 821 to 12-0300 of 14 38 of 40 sheets City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 13

13:16, 13:25, 14:3, thinks [1] - 97:14 81:4, 82:19, 83:24, 61:16, 67:25, 68:7, urban [1] - 15:13 14:17, 14:23, 15:18, third [2] - 10:12, 62:23 93:1 71:20, 72:19, 75:24, Urban [3] - 17:1, 15:22, 16:1, 27:23, thousand [7] - 69:12, totally [3] - 9:7, 89:17, 84:9, 98:25 17:11, 18:15 27:25, 28:3, 34:5, 72:2, 73:8, 74:4, 97:24 two-step [1] - 71:20 users [1] - 33:17 34:8, 34:17, 35:3, 74:11, 93:9, 98:21 touch [1] - 33:22 tying [1] - 92:22 35:9, 35:12, 35:18, thousands [1] - 28:21 tourist [1] - 20:23 type [1] - 12:16 V 35:22, 35:25, 36:3, three [17] - 5:8, 6:4, tours [1] - 32:18 types [1] - 33:22 36:6, 36:17, 36:19, 7:6, 12:1, 23:7, 27:9, toward [2] - 13:21, typical [3] - 90:7, vacancy [1] - 67:2 36:21, 36:23, 36:25, 29:21, 31:20, 33:6, 13:22 92:18, 93:7 vacant [2] - 72:24, 39:7, 39:18, 40:22, 40:10, 53:12, 58:19, towards [2] - 47:17, typically [1] - 93:23 98:9 41:4, 42:24, 42:25, 60:8, 60:15, 77:20, 47:23 typo [1] - 80:12 vacating [3] - 66:16, 43:1, 43:6, 43:16, 101:20, 101:21 townhomes [7] - 66:18, 76:19 43:21, 43:24, 44:1, three-dimensional [3] 52:15, 59:22, 60:11, U valid [1] - 40:8 44:3, 44:7, 44:10, - 5:8, 6:4, 7:6 60:18, 62:10, 63:1 valorem [4] - 67:5, 44:12, 44:14, 44:19, three-party [1] - 77:20 townhouse [1] - 58:19 under [6] - 17:25, 71:15, 71:24, 88:15 44:22, 44:24, 45:21, throughout [6] - townhouses [2] - 36:2, 41:20, 42:4, value [1] - 98:11 51:18, 51:21, 51:24, 11:18, 11:19, 30:7, 48:23, 49:1 43:17, 86:11 Value [3] - 45:7, 67:4, 52:18, 52:20, 53:16, 37:20, 79:19, 79:24 track [1] - 56:19 understood [1] - 72:19 53:18, 55:6, 55:13, throw [1] - 21:9 tracking [2] - 75:4, 52:25 vandalism [1] - 41:25 56:2, 56:6, 56:14, TID [5] - 37:13, 42:22, 75:7 underway [1] - 4:21 vehicle [1] - 10:19 56:19, 56:21, 57:11, 54:13, 69:19, 73:1 tracks [6] - 47:12, UNDERWOOD [1] - venture [2] - 8:20, 57:13, 57:24, 58:2, tie [1] - 92:19 47:21, 61:14, 61:21, 1:22 49:5 58:12, 59:5, 59:15, tiebreaker [1] - 73:19 61:25, 63:14 underwriting [1] - Ventures [2] - 45:1, 59:18, 59:21, 63:19, tied [1] - 88:15 traffic [3] - 22:22, 51:14 45:9 63:24, 64:20, 64:23, tier [2] - 48:18, 95:25 22:24, 23:15 UNF [1] - 25:1 vertical [1] - 16:15 64:25, 65:3, 65:6, tiered [1] - 47:4 Transcript [1] - 101:24 unfortunately [1] - via [1] - 37:17 65:11, 65:16, 65:19, TIF [6] - 49:24, 54:5, transcript [1] - 103:10 29:25 vibrant [1] - 5:7 65:21, 69:23, 70:12, 63:22, 64:11, 72:21, transcription [2] - UNIDENTIFIED [2] - Vice [2] - 1:13, 69:22 70:17, 70:19, 70:21, 98:9 36:10, 36:12 101:4, 101:6 VICE [25] - 2:3, 2:14, 71:4, 73:21, 73:25, timeline [1] - 12:18 translucent [1] - 31:8 unit [3] - 50:10, 50:13, 2:16, 3:2, 3:5, 42:25, 74:17, 74:19, 75:1, timesheet [1] - 19:24 Tree [1] - 3:7 50:16 52:20, 53:16, 69:23, 76:9, 76:10, 76:14, timing [2] - 88:3, 88:7 trees [2] - 60:13, 60:16 units [14] - 46:4, 70:12, 70:17, 70:19, 76:16, 77:1, 77:4, title [2] - 4:2, 10:17 tremendous [2] - 49:11, 49:13, 53:15, 70:21, 71:4, 73:21, 78:9, 78:14, 80:4, today [12] - 2:25, 3:11, 18:1, 33:25 55:8, 56:13, 60:10, 73:25, 74:19, 75:1, 80:19, 80:22, 81:16, 4:15, 11:3, 69:18, tri [1] - 77:22 61:1, 62:10, 68:24, 76:9, 81:16, 81:21, 81:21, 82:6, 82:17, 81:2, 83:2, 87:9, tri-party [1] - 77:22 69:2, 69:3, 69:5, 95:18, 100:12, 82:22, 83:18, 84:5, 87:22, 90:16, 94:10, 70:9 100:15, 101:11 84:14, 85:7, 85:12, tries [1] - 67:4 100:9 unknown [1] - 72:11 Vickery [1] - 24:5 85:15, 85:18, 85:21, Tropia [3] - 1:9, 103:7, together [1] - 21:12 unquote [1] - 100:4 video [1] - 31:21 86:1, 86:7, 86:9, 103:18 untenable [1] - 97:5 view [1] - 5:19 86:14, 86:24, 87:2, TOM [1] - 1:20 trouble [1] - 19:6 untouched [3] - 55:2, vision [1] - 15:1 87:6, 87:23, 88:24, Tom [3] - 54:9, 55:25, troublesome [1] - 55:3, 55:4 visit [2] - 33:7, 39:3 89:2, 89:25, 90:3, 63:25 19:5 unusual [1] - 91:2 visiting [1] - 5:4 90:5, 91:19, 92:9, tomorrow [3] - 46:16, true [4] - 73:9, 73:13, up [45] - 2:6, 2:13, 92:14, 94:1, 94:24, 50:22, 51:18 73:17, 103:10 vote [2] - 85:16, 96:25 3:16, 3:18, 3:25, 4:1, 95:6, 95:14, 95:17, tomorrow's [1] - 51:22 try [6] - 15:24, 16:4, voting [2] - 86:11, 10:2, 11:5, 27:13, 95:18, 96:10, 96:13, Tony [7] - 3:6, 4:11, 95:11, 97:3, 99:2 90:22 27:25, 28:7, 29:7, 96:21, 98:25, 99:15, 14:18, 15:7, 15:18, trying [9] - 50:25, 33:24, 35:5, 37:13, 99:19, 100:8, 27:23, 34:5 58:15, 58:18, 58:21, W 38:25, 42:4, 44:15, 100:12, 100:14, took [1] - 93:22 58:25, 72:8, 84:21, 45:13, 47:3, 52:17, wage [1] - 67:19 100:15, 100:21, top [5] - 32:9, 33:17, 88:4, 93:8 53:13, 54:9, 54:21, wages [1] - 68:12 100:23, 100:25, 48:18, 81:23, 85:5 turnout [1] - 22:4 55:15, 58:19, 59:2, 101:2, 101:5, 101:7, top-down [1] - 33:17 tweaks [1] - 90:17 wait [2] - 64:15, 78:9 59:3, 59:13, 62:16, 101:15, 101:20 topic [1] - 69:10 twelve [1] - 61:24 waiting [2] - 8:15, 9:10 62:22, 69:2, 71:2, Wakefield [1] - 82:15 thereafter [1] - 12:8 total [25] - 10:1, 17:2, Twenty [2] - 61:23, 71:5, 71:7, 71:13, walk [6] - 9:6, 22:16, they've [10] - 17:7, 25:19, 27:1, 40:5, 61:24 73:7, 73:22, 76:5, 30:16, 32:20, 50:8, 48:11, 48:13, 49:16, two [23] - 5:22, 8:17, 22:20, 47:17, 47:20, 79:13, 80:19, 92:18, 50:9, 50:21, 57:13, 50:10, 53:23, 57:7, 11:12, 21:6, 25:17, 70:9 95:10, 99:18 68:6, 85:5, 96:20 57:21, 57:23, 61:18, 25:18, 25:21, 25:22, Walk [1] - 18:7 update [2] - 35:23, thinking [3] - 7:8, 64:3, 64:5, 68:12, 29:15, 39:1, 41:6, walked [1] - 22:17 45:18 28:24, 91:11 78:4, 78:5, 78:7, 43:7, 43:10, 60:17, walking [1] - 47:14 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 39 of 40 sheets (Page904 13) 821 to 13-0300 of 14 01/26/2017 05:20:45 PM City of Jacksonville January 18, 2017 Community Redevelopment Agency Board Meeting Uncertified Condensed Copy 14

walkway [4] - 56:17, Williams [4] - 52:1, 57:19, 64:2, 64:7, 56:24, 57:1, 61:17 74:1, 89:2, 92:2 73:8, 74:22, 76:1, wall [7] - 29:17, 59:13, WILLIAMS [21] - 1:17, 76:6, 89:22, 98:13, 59:20, 60:19, 60:22, 23:4, 36:15, 43:2, 98:14, 98:15 60:24, 61:5 44:11, 52:2, 52:14, yet-to-be-adorned [1] WALLACE [73] - 1:19, 74:2, 78:16, 78:20, - 22:22 35:24, 36:1, 36:4, 78:22, 79:2, 79:4, yourself [1] - 59:6 37:2, 39:25, 40:9, 79:8, 79:11, 79:20, 40:17, 41:9, 41:15, 80:5, 80:9, 80:21, Z 41:18, 41:23, 42:3, 89:3, 101:13 42:10, 43:14, 43:18, Williams's [1] - 78:13 zero [2] - 96:1, 96:4 43:23, 43:25, 44:2, wind [1] - 47:22 45:2, 45:16, 45:19, wiped [1] - 31:17 45:23, 51:20, 51:22, withdraw [1] - 100:8 52:13, 53:3, 54:2, wonder [1] - 90:23 54:12, 55:4, 55:25, wonderful [4] - 5:6, 66:3, 72:15, 73:9, 5:12, 6:2, 7:9 73:13, 73:17, 75:18, word [1] - 59:11 76:12, 76:15, 76:18, words [2] - 55:22, 77:2, 77:9, 77:12, 64:14 77:17, 78:5, 78:19, workers [1] - 32:12 78:21, 78:24, 79:3, Workers' [1] - 67:8 79:6, 79:10, 79:15, workforce [2] - 89:15, 79:22, 80:7, 81:6, 92:1 81:18, 81:22, 82:2, works [8] - 6:4, 11:24, 84:1, 84:3, 84:7, 19:14, 19:21, 26:20, 86:16, 86:19, 86:23, 27:10, 99:15 87:1, 87:4, 87:8, Works [1] - 6:13 91:13, 99:3, 99:8, workshop [2] - 53:1, 100:10, 100:13, 53:4 100:19 world [2] - 19:11, 26:4 Wallace [9] - 43:7, worth [1] - 20:15 44:25, 52:21, 53:20, wrapped [1] - 59:1 69:24, 70:8, 72:13, wrapping [2] - 58:23, 75:10, 100:18 58:24 wants [2] - 23:21, 95:5 wraps [3] - 23:11, wash [1] - 72:3 23:16, 23:25 water [1] - 62:2 Wrench [2] - 8:12, Water [8] - 8:7, 12:4, 12:2 28:4, 28:7, 28:12, writing [1] - 24:7 28:13, 29:1, 29:7 written [2] - 83:13, web [1] - 33:21 83:24 Wednesday [1] - 1:6 week [1] - 32:1 Y weekend [1] - 31:19

weeks [1] - 94:22 year [30] - 5:22, 11:25, Weinberg [1] - 23:1 12:23, 18:14, 19:15, welcome [1] - 27:20 23:6, 33:10, 39:23, west [2] - 43:12 39:24, 40:2, 40:3, whatsoever [1] - 10:7 64:15, 68:2, 68:5, wheel [1] - 13:19 68:8, 68:11, 68:23, whereas [1] - 39:22 69:13, 71:13, 71:19, whole [5] - 11:25, 72:2, 74:4, 74:6, 59:9, 60:4, 94:5, 88:20, 92:3, 93:11, 96:2 93:17, 93:23, 93:24 wide [5] - 61:14, years [25] - 5:22, 61:16, 61:21, 61:24, 10:13, 11:12, 23:7, 62:3 28:18, 29:3, 40:10, width [1] - 56:17 49:15, 49:18, 53:24, wildly [1] - 23:17 55:18, 55:19, 55:23, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:20:45 PM (Page904 14) 821 to 14-0300 of 14 40 of 40 sheets TAB IV.A January 18, 2017 DIA Board of Directors Meeting Minutes UNDER SEPARATE COVER TAB IV.B January 18, 2017 DIA Board of Directors Meeting Transcript

City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 3 1 MR. PAROLA: Thank you.

CITY OF JACKSONVILLE 2 To the Board, previously, 275 units were

DOWNTOWN INVESTMENT AUTHORITY 3 allocated to this project by the board. They

BOARD MEETING 4 have -- the developer has since put a pencil to 5 paper and come back with a -- a number closer 6 to 300. Proceedings held on Wednesday, January 18, 2017, 7 So to effectuate the allocation of those commencing at 3:52 p.m., Ed Ball Building, 214 North 8 300, what this resolution does is, it first Hogan Street, 8th Floor, Jacksonville, Florida, before 9 rescinds those 275 units, puts it back in the Diane M. Tropia, a Notary Public in and for the State of 10 available pool of Phase I development rights, Florida at Large. 11 and then on the secondhand, it takes all 300 remaining development rights and then assigns BOARD MEMBERS PRESENT: 12

JAMES BAILEY, Chairman. 13 it to this project. JACK MEEKS, Vice Chair. OLIVER BARAKAT, Board Member. 14 The effect of it is leaving zero units of DANE GREY, Board Member. BRENNA DURDEN, Board Member. 15 Phase I development rights, whereas the CRAIG GIBBS, Board Member. RON MOODY, Board Member. 16 previous resolution assigning development MARC PADGETT, Board Member. KAY HARPER-WILLIAMS, Board Member. 17 rights left about 25 over. There are still

ALSO PRESENT: 18 about 3,000 remaining development rights for

AUNDRA WALLACE, DIA, Chief Executive Officer. 19 multifamily units on the Southbank in Phase LORI BOYER, President, City Council. TOM DALY, DIA, Redevelopment Analyst. 20 III, I believe -- I think Phase II is empty -- GUY PAROLA, DIA, Redevelopment Manager. JIM KLEMENT, DIA, Development Coordinator. 21 that's available to a developer should they JOHN SAWYER, Office of General Counsel. KAREN UNDERWOOD, DIA, Executive Assistant. 22 wish to go down that path. - - - 23 As we did with Broadstone River House, one 24 of the conditions in here -- and I believe they

Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 25 are identified on Pages 2 and 3 of Resolution (904) 821-0300 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 2 4 1 P R O C E E D I N G S 1 2017-01-04, but one of the conditions for 2 January 18, 2017 3:52 p.m. 2 approval that we're recommending is that the 3 - - - 3 developer contribute up to $10,000 so that we 4 THE CHAIRMAN: And we're now going to open 4 can pursue a conversion of development rights 5 the Downtown Investment Authority meeting with 5 and convert maybe office -- something we know 6 the minutes -- you moved it over there -- with 6 we have an abundance of -- on that side of the 7 the minutes. 7 river in terms of unused development rights and 8 Does everyone have their minutes, have 8 convert them to something we don't have a lot 9 they had a chance to see their minutes? Is 9 of in Phase I. That would be multifamily. 10 there a motion to approve the minutes of 10 We have done this before, as I said 11 December 14th? 11 before, with Broadstone River House. It is not 12 BOARD MEMBER GREY: So moved. 12 a full traffic study. It's not the full-blown 13 BOARD MEMBER DURDEN: Second. 13 analysis. The development order essentially 14 THE CHAIRMAN: Any discussion? 14 instructs us, as the master developer, to 15 BOARD MEMBERS: (No response.) 15 simply take the ITE manual, look at the trips 16 THE CHAIRMAN: All in favor to approve the 16 for office, or whatever we're converting from, 17 minutes, say aye. 17 and compare that to what we're converting to, 18 BOARD MEMBERS: Aye. 18 and I think we can get that done for a couple 19 THE CHAIRMAN: Opposed, like sign. 19 thousand dollars. So we feel comfortable with 20 BOARD MEMBERS: (No response.) 20 that $10,000. 21 THE CHAIRMAN: Resolution 20-01-04, 21 The rest of the conditions should look 22 Southbank Apartment Ventures, LLC, Allocation 22 familiar with the exception of a couple of 23 of Development Rights. 23 them. One, in order to make sure that the 24 Mr. Wallace. 24 12 feet from Prudential to the Riverwalk and 25 MR. WALLACE: Mr. Parola. 25 all 20 feet of the Riverwalk are to and for the Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 1 of 31 sheets Page 1 to 4 of 78 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 5 7 1 public for as long as this land exists, we are 1 should be your header. 2 continuing approval of the allocation on an 2 THE CHAIRMAN: Okay. 3 easement in perpetuity. And the lawyers can 3 MR. PAROLA: To answer the question, 4 figure out what the exact words are, I cannot. 4 you're right. I'm not even sure -- because 5 And that they will construct the Riverwalk 5 we've had this discussion with the Building 6 to reflect the design -- and that's materials 6 Department, and that's why we should be using 7 and palate -- of the other portions of the 7 language like "or functional equivalent." 8 Southbank Riverwalk at their expense. 8 I don't know that there is a Certificate 9 And I'll be more than happy to answer any 9 of Compliance or Completion that's necessarily 10 questions. 10 issued. It might just be you receive your 11 Thank you. 11 final permit. So for want of a better term, I 12 THE CHAIRMAN: Thank you, Guy. 12 used that. 13 Let's go around. Starting with Mr. Gibbs, 13 BOARD MEMBER DURDEN: You used what? 14 do you have any -- any questions? 14 MR. PAROLA: I believe in this, I used 15 BOARD MEMBER GIBBS: I do not. 15 Certificate of Occupancy or its functional 16 THE CHAIRMAN: Mr. Padgett. 16 equivalent. It was more to represent a term of 17 BOARD MEMBER PADGETT: No questions. 17 art and less to represent an actual physical 18 THE CHAIRMAN: Mr. Grey. 18 document. 19 BOARD MEMBER GREY: Not at this time. 19 BOARD MEMBER DURDEN: Well, okay, so I 20 THE CHAIRMAN: Ms. Durden. 20 just want to use whatever the proper term is, 21 BOARD MEMBER DURDEN: I wanted to ask a 21 and I want to use it consistently. 22 couple of questions about the conditions on -- 22 MR. PAROLA: Okay. 23 starting on Page 2 of the resolution. 23 BOARD MEMBER DURDEN: Because on 24 THE CHAIRMAN: Page 2 of the resolution 24 Page 3 -- and forgive me, Board, but on Page 3, 25 itself? 25 in Paragraph F, we used Certification of Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 6 8 1 BOARD MEMBER DURDEN: Well, we might as 1 Compliance. These are the things that drive 2 well look at -- 2 people crazy because no one knows, then, 3 THE CHAIRMAN: It's the back side of the 3 what -- and it's a very important point. 4 resolution? 4 Paragraph F deals with unused development 5 BOARD MEMBER DURDEN: It talks about -- 5 rights. So when do we actually get those back? 6 some of those are referenced in the -- in the 6 And if we -- so, to me, the Certification 7 staff report, but they're also -- it's 7 of Compli- -- I just want the staff to be 8 2017-01-04 on Page 2. 8 consistent -- 9 THE CHAIRMAN: Right. 9 MR. PAROLA: Sure. 10 BOARD MEMBER DURDEN: So sometimes I've 10 BOARD MEMBER DURDEN: -- and to correct 11 seen staff use "Certificate of Occupancy." 11 the term. 12 Sometimes I've heard them use "Certificate of 12 MR. PAROLA: We will meet with Tom 13 Completion." 13 Goldsbury's office to ensure that any scrivener 14 THE CHAIRMAN: Ms. Durden, can you clarify 14 errors in that regard are made compliant. 15 where you are? There's three "whereas" and 15 BOARD MEMBER DURDEN: And that whenever 16 three sections on there. Are we on the same 16 you use it, you're going to use the same one. 17 page? 17 So I think it would be -- 18 BOARD MEMBER DURDEN: I don't -- 18 MR. PAROLA: Absolutely. 19 THE CHAIRMAN: The resolution -- 19 BOARD MEMBER DURDEN: I think that that 20 BOARD MEMBER DURDEN: Right. 20 should be Certificate of Occupancy in F, just 21 THE CHAIRMAN: Okay. Turn the page. 21 because that's when they're going to be moving 22 BOARD MEMBER DURDEN: Okay. So it's 22 in. 23 Page 2. I don't know how else to describe it. 23 Another question that I had is that, 24 MR. PAROLA: The header should read: 24 the -- where is it? Paragraph G talks about 25 Resolution 2017-01-04, Page 2 of 4. That 25 the installation of a 12-foot-wide multiuse. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:22:19 PM Page 5 to 8 of 78 2 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 9 11 1 And we heard today from Mr. Diebenow state that 1 BOARD MEMBER DURDEN: Okay. Thank you for 2 that is a 20-foot multiuse path. So is there 2 that -- 3 a -- which is correct? 3 MR. PAROLA: Yes, ma'am. 4 MR. PAROLA: Well, both. It's a 12-foot 4 BOARD MEMBER DURDEN: -- information. 5 path flanked by 4 feet of landscaping on either 5 THE CHAIRMAN: Five feet was the patio he 6 side. If you would like the easement to 6 was referring to. 7 reflect all 20 feet, staff certainly wouldn't 7 Okay. So are we going to make these 8 have a problem with it, but the -- you know, 8 changes on 12, 4 and 4, or 4 -- 12, 4, path and 9 what we're really trying to get is that 12-foot 9 compliance and occupancy? 10 path that the public can go to and from on. 10 Mr. Diebenow, did you want to comment 11 BOARD MEMBER DURDEN: Well, I think it's 11 while we -- 12 important that -- if we're going to have this, 12 (Mr. Diebenow approaches the podium.) 13 that it's 20 feet. 13 THE CHAIRMAN: Mr. Diebenow, were you 14 MR. PAROLA: Okay. 14 going to address and confirm that 4 and 12 and 15 BOARD MEMBER DURDEN: And 4 feet of -- on 15 4 on the railroad side? 16 either side. So it's actually a 20-foot path 16 MR. DIEBENOW: Yeah, we -- we don't have 17 with some -- 17 any problem with that -- with that change. 18 MR. PAROLA: Okay. 18 And, Mr. Parola, thank you for clarifying 19 BOARD MEMBER DURDEN: -- with some 19 that. There's 20 feet of Riverwalk and then 20 landscaping. 20 5 feet of landscaping or patio. 21 THE CHAIRMAN: But it is a 12-foot path 21 THE CHAIRMAN: Yeah, those are the 22 with 4 on each side. 22 townhome patios. 23 BOARD MEMBER DURDEN: Well, that's fine. 23 MR. DIEBENOW: Correct. 24 It can say that, but right now it just says a 24 THE CHAIRMAN: Okay. 25 12-foot-wide multiuse path. Does that mean 25 MR. DIEBENOW: And -- Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 10 12 1 that we're not going to require them to have 1 THE CHAIRMAN: Not (inaudible) -- 2 the 8 feet of landscaping? 2 MR. DIEBENOW: I'm sorry to speak over 3 MR. PAROLA: That would go through the 3 you, Mr. Chairman. 4 Downtown Development Review Board. They would 4 THE CHAIRMAN: That's fine. 5 approve it as part of their purview, as per the 5 Go ahead. 6 ordinance code, it requires them to. 6 MR. DIEBENOW: And we also understand that 7 BOARD MEMBER DURDEN: So I think it should 7 we would be providing an easement for public 8 say 20 feet with -- 8 access across the 12-foot path and across the 9 MR. PAROLA: Okay. 9 20-foot Riverwalk. That's where our easement 10 BOARD MEMBER DURDEN: -- 4 feet. 10 would be located. 11 MR. PAROLA: Yes, ma'am. 11 THE CHAIRMAN: Okay. 12 BOARD MEMBER DURDEN: The way it was 12 Okay. Mr. Moody. 13 described by Mr. Diebenow. 13 BOARD MEMBER MOODY: No question. 14 MR. PAROLA: Okay. 14 THE CHAIRMAN: Mr. Barakat. 15 BOARD MEMBER DURDEN: And then also, in H, 15 BOARD MEMBER BARAKAT: No comments. 16 Mr. Diebenow described it as being 25 feet for 16 THE CHAIRMAN: Mr. Meeks. 17 the Riverwalk and -- 17 THE VICE CHAIRMAN: No comments. 18 THE CHAIRMAN: I don't remember 25. 18 BOARD MEMBER HARPER-WILLIAMS: Nothing. 19 MR. PAROLA: No. It was 20 feet. He was 19 THE CHAIRMAN: Okay. No more comments. 20 referencing that there was 5 feet of their 20 Do you want to amend this -- these 21 property still between the front doors of the 21 changes? I'm still -- I'm not clear on Page 2, 22 units that line it. 22 what Ms. Durden had -- 23 BOARD MEMBER DURDEN: Okay. 23 BOARD MEMBER DURDEN: That's just where 24 MR. PAROLA: And then the Riverwalk, that 24 they started. 25 will be dedicated over to the City to easement. 25 THE CHAIRMAN: Oh, okay. So you're just Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 3 of 31 sheets Page 9 to 12 of 78 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 13 15 1 saying -- 1 THE CHAIRMAN: And a second? 2 BOARD MEMBER DURDEN: F, G and H. 2 BOARD MEMBER MOODY: Second. 3 THE CHAIRMAN: -- F would be satisfied by 3 THE CHAIRMAN: Any further discussion? 4 the Certificate of Occupancy? 4 BOARD MEMBER BARAKAT: Is it a motion as 5 BOARD MEMBER DURDEN: Excuse me. Just F 5 amended? 6 and G. Right. F, instead of being a 6 THE CHAIRMAN: As amended, yes. 7 certification of compliance, would be 7 Your motion was as amended? 8 Certification of Occupancy. 8 THE VICE CHAIRMAN: Whatever you would 9 THE CHAIRMAN: Right. 9 like, Mr. Chairman, yes. 10 BOARD MEMBER DURDEN: And G, it would be, 10 THE CHAIRMAN: Okay. The 12, 4 and 4 and 11 install a 12-foot-wide multiuse path with 11 consistent language, either Certificate of 12 4 feet of landscaping on either side. 12 Compliance or Certificate of Occupancy, 13 THE CHAIRMAN: Right. 13 whatever the City requires, right? 14 BOARD MEMBER DURDEN: And that would be 14 MR. PAROLA: Uh-huh. 15 the only changes. 15 THE CHAIRMAN: Okay. Any comments from 16 THE CHAIRMAN: Okay. Ms. Harper-Williams. 16 the public? 17 BOARD MEMBER HARPER-WILLIAMS: Through the 17 AUDIENCE MEMBERS: (No response.) 18 Chair, I thought that Mr. Parola said that they 18 THE CHAIRMAN: With that, we have a motion 19 would meet with the appropriate City department 19 and a second. 20 to make sure that the -- that it was, in fact, 20 All in favor, say aye. 21 the right terms. 21 BOARD MEMBERS: Aye. 22 Since that was Ms. Durden's concern, I 22 THE CHAIRMAN: Opposed, like sign. 23 understood that Mr. Parola was going to make -- 23 BOARD MEMBERS: (No response.) 24 ensure, instead of just taking it -- you know, 24 THE CHAIRMAN: Okay. Very good. 25 taking the Certificate of Occupancy as the 25 Ms. Durden, it is very helpful that you Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 14 16 1 correct term, if we, in fact, don't know that 1 catch these things, and we've clarified that. 2 that's the correct term either. 2 I think it's important that we do now and not 3 MR. PAROLA: I will darken Mr. Goldsbury's 3 address it later. 4 door and have him write it down for me. And 4 With that, we are down to the transcript, 5 from here on out, it will be reflected -- 5 which doesn't need approving. 6 THE CHAIRMAN: As a Certificate of 6 And, Mr. Wallace, do we want to go on to 7 Occupancy as opposed to Compliance? 7 the CFO report or do we want to go back to JTA 8 MR. PAROLA: Or whatever our building 8 Skyway? 9 official tells me it is. 9 MR. WALLACE: Let's go to JTA Skyway, 10 THE CHAIRMAN: Okay. Okay. Ms. Durden, 10 please. 11 is that -- does that satisfy your concern with 11 THE CHAIRMAN: Brad, are you available? 12 the -- with the lack of consistency? 12 (Mr. Thoburn approaches the podium.) 13 MR. PAROLA: If I could. 13 THE CHAIRMAN: We are going back up to 14 THE CHAIRMAN: It's going to be either 14 Item B, under Presentations, JTA Skyway 15 place. 15 Presentation Update. 16 MR. PAROLA: Well, I think Board Member 16 MR. THOBURN: Thank you all. I appreciate 17 Durden's concern -- and it's a valid concern -- 17 you letting me present to you this afternoon. 18 is that, before somebody can walk in there and 18 And I wanted to kind of give you an update 19 live, that all these conditions are met. And 19 of where we are. You may have read some news 20 we've tried to get that, and I will again get 20 reports in terms of our recommendations to the 21 with the building official and make sure that, 21 board last month, but I wanted to take a chance 22 prior to anybody being able to go there and 22 to take this opportunity to kind of give you 23 live, these conditions are met. 23 that overview and let you give us questions and 24 THE CHAIRMAN: Okay. Do we have a motion? 24 comments and feedback. So I'll be -- I will 25 THE VICE CHAIRMAN: So moved. 25 try to be brief. I know it's been a long Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:22:19 PM Page 13 to 16 of 78 4 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 17 19 1 meeting. 1 downtown, that's what they are. They're a 2 I wanted to share with you sort of our 2 vision not to just be serving the needs of 3 vision for the desired circulator system, the 3 peripheral parkers but to move people and 4 preferred technology of the future, for the 4 support not only the, one, park strategy, but 5 future of the Skyway, and the steps that we are 5 support people who live, work and occupy 6 going to be looking at to get the project -- or 6 downtown and to connect those -- those key -- 7 the program moving, which will be a series of 7 to be a part of that downtown mobility 8 different projects. 8 strategy. 9 So just to kind of give you a sense of 9 The direction we also got was to -- to 10 where we are today, this is not a standard, 10 really support the vision of the DIA from a 11 typical project where, you know, we can go out 11 development standpoint, but be flexible. Don't 12 and say we want to widen the road from four to 12 be stuck with a rigid system. That even 13 six lanes, and we get cost estimates, and we it 13 though, you know, we don't start from the 14 put in a long-range plan and et cetera. 14 expectation that we're just going to expand the 15 So this is -- this is one where we kind of 15 existing structure and the exist- -- use the 16 had to really do some -- some work on the front 16 existing vehicles, but look at other 17 end to just get the policy direction of where 17 alternative options. 18 we're going. 18 So with that in mind, we proceeded in 19 So about two years ago, we started the 19 developing a system plan. We met with -- you 20 process of really looking at what we were going 20 know, we looked at our peer systems. We met 21 to do with the vehicles because they were 21 with partner agencies, community stakeholders, 22 reaching -- they were past their midlife. They 22 we did community outreach, had public opinion 23 needed to be overhauled. They're a 23 surveys, et cetera. We asked folks where we 24 one-of-a-kind vehicle, so it's difficult to get 24 needed to go, where was development happening, 25 the parts to maintain. And the feasibility of 25 were did we want to see development going and Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 18 20 1 doing an overhaul was questioned. 1 how could we help shape that and incentivi- -- 2 So we looked at what technology was there, 2 and encourage development. 3 what we could do with the vehicles, and then we 3 And one of the attributes of the system, 4 impanelled the Skyway Advisory Group, which 4 today, our system is a -- you know, it's -- we 5 included Mr. Grey; and I think Mr. Crosby, who 5 have ten two-car trains. Six of them are 6 was here earlier, was -- was on that group; and 6 working. A two-car train can carry 56 people, 7 Mr. Wallace was a participant as well. 7 and it shows up every 6 to 7 minutes. Is that 8 And we -- we did an intensive effort to 8 the right type of system you want downtown to 9 kind of determine what the path forward was 9 serve the needs -- the purposes of a circulator 10 from a policy standpoint. And the result of 10 system? 11 that was to keep, modernize and expand the 11 So we weren't -- we did -- and I 12 Skyway. And our board directed us to develop 12 mentioned, we reached out and touched base with 13 the program to do that. So that is what we've 13 folks that were involved in downtown, that are 14 been working on for the past 12 months. 14 involved in transportation, looking to develop 15 And when we talk about keep, modernize and 15 downtown, and so it was an extensive effort. 16 expand, it's really about, you know, better 16 We did a public forum. We did a survey. We 17 defining the role of the -- the Skyway as a 17 got some feedback in terms of the attributes 18 downtown circulator. 18 they wanted, a lot of interest in doing 19 As many of you know, the Skyway was 19 things -- the people we heard from were 20 developed as a -- to serve the peripheral 20 interested in events and activity downtown. 21 parking needs of downtown. It was not 21 And so we got a lot of longer hours, weekends, 22 necessarily developed and built out fully to 22 and also reflected where they wanted to see the 23 serve, effectively, as a circulator system. 23 system go. 24 And, you know, when we look at other cities and 24 Most folks favor going to the sports 25 what -- the types of systems that they have 25 complex. Now, what's interesting is, the Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 5 of 31 sheets Page 17 to 20 of 78 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 21 23 1 sports complex was either number one or number 1 saw in a desired system. 2 four on your list, or even below, and that -- 2 And as -- you know, this map shows you 3 where you saw a lot of folks in Five Points, 3 where we go today. This is a quarter-mile 4 Brooklyn and Riverside Arts Market probably 4 radius, which is typically a walk-shed of 5 splitting their votes. So I'm not so sure. 5 transit. And what you can see is, the 6 You know, it's really Riverside and the sports 6 neighborhoods that are around downtown are 7 complex were the two dominant themes, with 7 simply not connected. And we have some of the 8 San Marco and Springfield, also strong interest 8 greatest neighborhoods in Florida right outside 9 in those. 9 of downtown, and they're simply not connected 10 So the system we saw as desirable was one 10 to our urban transportation system. 11 that utilized the existing investment. We 11 And where you see development happening 12 spent $180 million on the Skyway. It is a -- 12 that Aundra is working on, again, sort of just 13 it is an asset that we want to make the best 13 outside the reach of our system, and that's a 14 use of. We have challenges with the vehicle, 14 real concern. So when we looked at where we 15 but we do have an investment that we want to 15 want to go to, this is not -- you know, this is 16 make the best use of. We want to make sure 16 pretty self-evident, at some level. We need to 17 we're connecting employment, residential, 17 get to Riverside, we need to get to the sports 18 retail and entertainment, and we want to have 18 complex, we need to look at M.D. Anderson, 19 high-frequency service. 19 San Marco, and getting up to Springfield and 20 One of the things that was a takeaway for 20 UF Health. 21 us, especially when we went down to Miami, we 21 And so that's the overall system. 22 saw a system where they have a cir- -- a loop 22 The other thing that we looked at when we 23 in the middle, that had really high frequency. 23 saw the desire for a loop that we saw in Miami 24 And when you experience that 90-second 24 is, we came up with the concept of actually 25 frequency versus a 6- or a 7-minute frequency 25 adding a river crossing that connected the Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 22 24 1 in an urban setting, it's a huge difference. 1 Northbank and the Southbank, kind of in the 2 Your trips are shorter. You're usually 2 general area of the district and the sports 3 constrained for time. And to attract folks, 3 complex. 4 you really need better than a 6- or 7-minute 4 Now, obviously, we would have to identify 5 frequency. 5 where does it really cross and -- and work with 6 We also wanted a system that -- we like 6 property owners, but that would be certainly 7 the reliability. And that elevated system 7 something -- there is opportunity there. There 8 gives you higher reliability, but at the same 8 is a lot of public ownership that is -- that is 9 time, we want to be flexible and sensitive to 9 there that we could hopefully utilize. 10 the neighborhoods. If you get down to the 10 So to get to the system that we want, we 11 ground level, you may lose some reliability, so 11 need to determine what vehicle gets us there. 12 you've got to find that balance, but we did 12 We looked at a lot of different options. One 13 think there was a high degree of desire to have 13 of the key things is the -- the actual 14 that flexible system, something that could 14 structure you see today. You can see, this 15 respond to -- could have high frequency. 15 actually has the guide beam. And you can see 16 In certain times of the day, you might 16 how the vehicle sits on it. So it really 17 have vehicles -- more vehicles, smaller 17 limits the vehicle choice unless you actually 18 vehicles that could operate with higher 18 modify the guideway, which is possible, but, 19 frequency, or you could have them connect 19 you know, it does limit -- even with the 20 together in a way that they were giving you 20 modifications with vehicles you can -- you can 21 peak demand -- capacity for peak demand and 21 use. 22 events. 22 We looked at infrastructure 23 And then the other thing is, we're seeing 23 considerations. We -- you know, obviously, we 24 more interest in on-demand and point-to-point 24 have the elevated system we want to take 25 capacity. So those are some of the things we 25 advantage of. We want to be able to connect. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:22:19 PM Page 21 to 24 of 78 6 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 25 27 1 You can see in Miami where -- and Aundra has 1 to the elevated structure and that enter -- you 2 done some of this work in terms of connecting 2 know, especially the existing neighborhoods 3 their system to the -- to the developments. 3 around downtown, which we want to connect to, 4 Some of the things we need to think about 4 but this gives us that flexibility to do that. 5 is, what do we do with -- if we get to the 5 And we also see this as a unique 6 ground level, how do you power it, how do you 6 opportunity. We are so well-situated to be on 7 interact with traffic, or do you have grates, 7 the front edge of AV deployment because, when 8 do you have separated lanes? 8 you look out today, in the next five to ten 9 So you can see some of the different 9 years, what they're saying is, to get from 10 options here. The zero bus there on the upper 10 level 3, which is -- level 3 autonomy, which 11 right corner is in Louisville. It's an 11 is, I can drive in a car, but I still have a 12 inductive power -- electric battery, inductive 12 wheel, and I have to take it over; to level 4, 13 powered at the stations. Then you've got a 13 which is, I don't have a wheel, I don't have a 14 more traditional (inaudible)-type system where 14 driver, I can have a remote driver, you really 15 you have an overhead with a streetcar. 15 have to be in a controlled setting. 16 And then for the dedicated lanes, you can 16 Well, we have that controlled setting. 17 see that -- that lower is -- is actually the 17 And so for the near future, this is the kind of 18 limo system in Orlando where you can separate 18 place where autonomous vehicle technology can 19 and create a dedicated transit lane. 19 be deployed. And so we're in a great place, 20 We met with vendors to look at what are 20 and we think we can attract a lot of interest 21 the different vehicle options. We looked at 21 here. 22 really three sort of categories of vehicle 22 There are -- and I want to share with you, 23 options. One was to just put a similar vehicle 23 there are some examples -- I'll go quickly 24 on the existing beam, which can be done. We 24 through this -- of different AV transit 25 looked at putting a new type of vehicle, like 25 vehicles out there, and some have been out for Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 26 28 1 the Miami vehicle, on, with a modified 1 some time. 2 guideway, removing the beam. We looked at 2 Now, you hear about Tesla and Google and 3 even, under that, putting in a PRT system that 3 the companies like Ford and General Motors 4 may or may not require substantial 4 investing in autonomous vehicles, but there are 5 modifications to the guideway, and then we 5 some out there right now. 6 looked at emerging autonomous vehicle 6 This is more of a personal, rapid transit 7 technology. 7 very -- a smaller vehicle. We haven't chosen a 8 So we evaluated against a set of criteria. 8 vehicle. I think some people look at this, and 9 Each one of the options was -- four options, 9 they say, well, that's just too small. It may 10 really, because PRT was included in that, and 10 very well be too small, that's probably true, 11 we came up with our recommendation, which is to 11 but keep in mind -- I just want to show you 12 pursue AV technology for the future of the 12 that the technology is out there. 13 system. 13 This is in Heathrow Airport, been there 14 The reason we chose that is because it's 14 since 2013. This is the Olli, produced by 15 the most flexible. It can operate elevated or 15 Local Motors in Maryland, and it's got IBM 16 at the street level. It has the ability to 16 Watson in the -- in the vehicle. So you can 17 have some operational flexibility where you can 17 kind of talk to it like it's -- like it's, 18 have single vehicles or you can have 18 your, you know, Google Home or your Alexa, or 19 multi-vehicle -- multiple vehicles operating as 19 whatever, 3D printing technology, so it's 20 a -- sort of a train set but be connected 20 really kind of innovative. Again, it's a 21 virtually or a platoon. 21 little bit smaller. 22 It is -- one, it is the most 22 By comparison, one single Skyway vehicle 23 cost-effective option. It is the best approach 23 of a two-car train -- the single vehicle is -- 24 for extensions because we know that there are 24 the two-car train is 56. So, you know, you're 25 places we need to get to that will be resistant 25 talking about -- you know, about four of these Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 7 of 31 sheets Page 25 to 28 of 78 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 29 31 1 to almost get to that point. So -- so it is 1 corridor looks like? And it doesn't have to be 2 smaller. 2 this, but it just gives you a sense. 3 And our vehicle goes about 30 miles an 3 You know, that Rivium Business Park is an 4 hour. These -- when you see some of these 4 example. They actually had -- one of the 5 videos, you'll go, oh, the vehicle's going 5 bridges is a single lane, but because they 6 really slow. Well, it is, because it's not in 6 can -- the vehicles can talk to each other, 7 a setting that lets it go fast, but it has the 7 they can use a single lane. And with sidings, 8 capacity to get close to where we are. And we 8 they can actually minimize the infrastructure 9 know we have to have an appropriate level of 9 need. So that's kind of -- so you may not need 10 speed and capacity. 10 to do that on Bay Street, but in other places 11 The Navia vehicle is a little bit bigger. 11 you might. But it's something that -- as we 12 They're actually doing some work with the 12 proceed in re-envisioning some of the 13 University of Michigan, and they had a demo in 13 corridors, we would like to have the 14 Las Vegas over the -- they're in the middle of 14 conversation of the Skyway extension be 15 a demo in Las Vegas right now. 15 included in that. 16 Easymile is one that's kind of going 16 And then, lastly, I wanted to show you 17 around the United States, and we're hoping to 17 kind of the river crossing concept. The idea 18 get them to come visit us. Again, a little bit 18 of this is transit and pedestrians. The beauty 19 smaller, but, you know, the technology is what 19 of that is that you could connect and create a 20 you're looking at. 20 loop from a pedestrian standpoint and a transit 21 And then the last one I want to share is, 21 loop. And it's -- we call it the Skyway today, 22 2getthere. This vehicle is actually -- the one 22 but our program name is the U2C, which stands 23 on the bottom is at the Rivium Business Park in 23 for the Ultimate Urban Circulator. And that 24 the Netherlands. It started running in '99. 24 will be sort of as we transition to the new -- 25 That vehicle has been in service since 2006. 25 the new Skyway. This is our program name. I'm Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 30 32 1 They're -- they're working on the 1 not sure what the ultimate brand is going to 2 third-generation vehicle, and they've got some 2 be, but this is -- this is where we are 3 projects that they are hopefully going to 3 heading. 4 unveil soon that will demonstrate similar 4 So, with that, I'm happy to take any 5 capacity to what we're looking for. 5 questions you have. 6 With that, you know, our next steps are 6 We do have a comment card, but I'm 7 going to be, obviously, get our board to give 7 pretty -- I don't think that's necessarily 8 us the go ahead to proceed with this 8 appropriate here, but, of course, you can if 9 recommendation. We're going to develop the 9 you want. 10 State of Good Repair Program that allows us to 10 THE CHAIRMAN: Thank you. Wow. That's 11 transition to the new vehicle, as well as, you 11 kind of exciting, Brad. Thank you. 12 know, the actual development of the technology, 12 Let's go around. Anybody have any 13 looking at operational enhancements, even 13 comments? 14 before we transition, and then individual 14 BOARD MEMBER GIBBS: How soon will it 15 system expansion opportunities. 15 be -- will I be able to get on downtown and get 16 I wanted to share with you this one visual 16 to the airport? 17 because I know, at times, you look at road 17 MR. THOBURN: Well, I mean, we -- timing 18 diets. And you are looking at road diets in 18 it -- timing and -- you know, it's funny 19 Riverside, but, you know, when you look at, 19 because where we are in the project -- it's 20 like, Bay Street, could we -- you know, this is 20 such a nontraditional project that, you know, 21 just a concept. Could you re-envision Bay 21 we're sort of early -- we've got the program, 22 Street? You've got how many -- you know, four 22 but we don't have certain project level cost 23 lanes. It's really wide. That right-hand 23 estimates and timelines yet, because we really 24 lane's actually 18 feet wide. It's not really 24 need to dive in and begin that process. That 25 well-utilized. Can you rethink what that 25 will be sort of a phasing and a more detailed Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:22:19 PM Page 29 to 32 of 78 8 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 33 35 1 cost estimate. 1 Riverside, it's easier because we're almost at 2 What we did from a cost standpoint is, we 2 the ground level. It's a little harder on Bay 3 really compared the different options. So we 3 Street, so we're going to have to figure out a 4 looked at it and said, well, this is more cost 4 transition. And getting up north, into 5 effective. But until we get the actual project 5 Springfield, we'll probably have a little 6 defined, we won't be able to tell you, okay, 6 easier track to get there. 7 well, this is the range of the cost because -- 7 So that's where I get to the point of, you 8 and you know the danger of that. You start 8 know, the -- we really need to develop each one 9 throwing a number out, and that becomes the 9 of the phases because there's going to be 10 gospel. And so we're really not there in 10 conversation of what's elevated and what's at 11 that -- in that process. We know this is a 11 grade. 12 more cost-effective approach, but as we proceed 12 BOARD MEMBER PADGETT: So it would use 13 down the road, we will be developing those cost 13 what's elevated now? 14 estimates. 14 MR. THOBURN: Correct. 15 I will say, I think that the -- you know, 15 BOARD MEMBER PADGETT: And then you would 16 the first thing is to do the conversion of the 16 dispose of the old and -- 17 infrastructure, new vehicles, and probably tie 17 MR. THOBURN: Yes. 18 that to the Brooklyn extension because that -- 18 BOARD MEMBER PADGETT: Okay. 19 you already have some infrastructure there. 19 MR. THOBURN: And just put a new vehicle 20 That's sort of the easiest. You know, it sort 20 on it. 21 of makes the most sense, so you get some 21 BOARD MEMBER PADGETT: And I assume you 22 expansion right off the bat. So that's our 22 have to retrofit that entire -- 23 thought process right now. 23 MR. THOBURN: You do. And there's a 24 THE CHAIRMAN: Yes, sir. 24 couple key things that -- over the -- that will 25 BOARD MEMBER MOODY: Brad, have any of the 25 be part of our next phase because you've got to Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 34 36 1 right-of-ways been purchased for future 1 take the beam out, you've got to assess the 2 expansion? 2 crash-worthiness of the existing wall, because 3 MR. THOBURN: No. No, we have not done 3 it's not really designed to keep -- because 4 any of that. And so that's a conversation we 4 it's on a monorail. So it wasn't designed to 5 need to have; are we able to utilize existing 5 keep a vehicle in. 6 right-of-way, or do we need to expand. That 6 And then you have to look at how do you -- 7 will -- that will affect how we go forward. 7 you line up and modify the guideway at the 8 THE CHAIRMAN: Mr. Grey. 8 station so the platform lines up with the 9 BOARD MEMBER GREY: No. 9 vehicle. Those are -- those are not 10 THE CHAIRMAN: Mr. Padgett. 10 insignificant issues. 11 BOARD MEMBER PADGETT: Are they proposing 11 BOARD MEMBER PADGETT: Yeah. Has anybody 12 doing anything with the existing overhead train 12 looked at the potential cost of doing that? 13 that we have now or are they just kind of -- it 13 MR. THOBURN: That is what we're -- that's 14 sounds like we're leaning toward ground-level 14 what we're doing. 15 transportation. 15 BOARD MEMBER PADGETT: It seems like that 16 MR. THOBURN: No, we would use the 16 could be a pretty good -- 17 existing overhead, but transition. So 17 MR. THOBURN: It is. 18 basically, the autonomous vehicles would 18 So the conversion cost on the AV option is 19 operate elevated, and then we would come down 19 higher than -- obviously, than putting in a new 20 to the ground level for extensions. 20 vehicle, but the vehicles themselves are a lot 21 Now, not all the extensions would be at 21 less costly. The operating system and the 22 the ground level. For example, on the south, 22 ongoing O and M is less, and your extensions 23 in San Marco, you want to get over the train 23 will be less costly. So, on balance, it's a 24 track, or it wouldn't be practical to get to 24 much more cost-effective option, but you would 25 the ground level to get to M.D. Anderson. In 25 have that conversion up front that's going to Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 9 of 31 sheets Page 33 to 36 of 78 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 37 39 1 be significant. That will be -- that will be a 1 that had done cable cars and gondolas and 2 cost that we have. 2 others. 3 And, you know, it's kind of a broad range 3 And it's interesting, some of the 4 right now, until you really get in and look at, 4 technology that you see in some of the airport 5 you know, where -- do you need to really 5 people movers is cable technology. 6 reconfigure the walls at all. They may be 6 BOARD MEMBER DURDEN: Right. 7 sufficient, but that's the kind of stuff 7 MR. THOBURN: So we looked at it. It 8 that -- we need to do some structural 8 really wasn't practical for ours, but it's 9 engineering and look at it. 9 something that places are looking at. You 10 THE CHAIRMAN: Still less than -- 10 know, you would -- you would essentially be 11 MR. THOBURN: It is. It is less. 11 scrapping the system we have today. 12 You know, you kind of have to look at 12 BOARD MEMBER DURDEN: I guess I wasn't 13 it in its totality. The vehicles are 13 thinking so much of scrapping our system. I 14 definitely -- you know, for example, our 14 was thinking about supplementing the system, 15 vehicle today is -- is -- we got -- we got an 15 especially when we start talking about, you 16 estimate that it would be about four to 16 know, where our expansions are going to go. 17 four-and-a-half million for a new vehicle 17 Are there opportunities for aerial -- 18 versus the autonomous, which kind of runs 18 aerial transit as opposed to either on the 19 anywhere from 250,000 to a million. The 19 ground or extending the Skyway as we know it? 20 million is a bigger vehicle, but the 250- is a 20 MR. THOBURN: Yeah. I don't think -- you 21 smaller one. So, you know, you kind of get an 21 know, we won't simply abandon the idea that 22 order of magnitude that -- you know, you need 22 we're going to have elevated extensions. We 23 more of them, but it's still a lot less. 23 just know that there are places that it's not 24 THE CHAIRMAN: Ms. Durden. 24 either cost effective or practical. 25 BOARD MEMBER DURDEN: Thank you, Brad. 25 I mean, to get into some of the Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 38 40 1 It's very informative, and I appreciate 1 neighborhoods we want to reach, it's going to 2 your time coming here today. 2 be very hard to do in an elevated system. So 3 I just happened -- and really, this was 3 that was part of our consideration too. Like, 4 not planned, but I just happened to hand out to 4 I don't see it going -- you know, as a 5 the board members today an article about aerial 5 practical matter, we want to get into 6 transit, basically gondola use, and it talks 6 Springfield and we want to get into San Marco. 7 about how that is being utilized in a number of 7 You're going to really be able to have an 8 different cities, New York City, Albany. 8 elevated system there. 9 They're also now investigating it in Miami, 9 BOARD MEMBER DURDEN: Well, I'll share 10 Philadelphia, Boston, Baltimore, Chicago, D.C., 10 with you the article. 11 and I was just curious whether or not JTA 11 MR. THOBURN: Yeah. No, there are some 12 looked at that topic. 12 places to look at. 13 And I'm -- I'll share with you the 13 BOARD MEMBER DURDEN: And then the very 14 article. And I know I haven't talked to you 14 first paragraph talks about crossing the 15 about this in the past, but it's just -- I've 15 Hudson. So -- 16 had a couple of people approach me and say, has 16 MR. THOBURN: Yeah. There are some -- 17 the DIA thought about this? And I, of course, 17 BOARD MEMBER DURDEN: The Hudson River. 18 thought no, we haven't, but I wonder if JTA 18 MR. THOBURN: There are some real benefits 19 has. 19 to being elevated. There's no doubt about 20 MR. THOBURN: We actually -- we did 20 that, so ... 21 bring -- one of the vendors that we brought in 21 THE CHAIRMAN: Okay. Mr. Barakat, 22 did use that tech- -- was -- was not 22 Mr. Moody had -- if you -- do you have any more 23 necessarily a gondola, but a cable car. That 23 comments? 24 includes -- gondolas are cable driven. So it 24 BOARD MEMBER MOODY: Well, just a comment. 25 was the technology. And so there were folks 25 Now that I live on the Southbank, and my Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:22:19 PM Page 37 to 40 of 78 10 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 41 43 1 offices are in the Aetna Building, there's 1 something happens in -- on the Southbank or in 2 actually a Skyway expressway loading dock 2 San Marco or in Springfield that creates a 3 there. And once you get used to it, it's 3 unique opportunity for us to partner and 4 really convenient. You think about having to 4 accelerate that, we want to have some 5 come downtown and park, I mean, that's not a 5 flexibility there. 6 consideration anymore. So it would be really 6 So what we're thinking is -- we have a 7 nice, as this city expands, if we could make a 7 priority right now, in our mind, is that 8 system work. 8 east-west corridor on the Northbank, but it can 9 BOARD MEMBER BARAKAT: Just one quick 9 change, and we want to have that flexibility. 10 comment. Thanks for coming today, Brad. 10 I don't know if that helps, buy we definitely 11 Communication between authorities is always 11 want your feedback. 12 important. So thank you. 12 BOARD MEMBER BARAKAT: It sounds like it's 13 It sounds like, based on funding 13 a little early is what it sound like. 14 constraints, we may have to make a decision as 14 MR. THOBURN: It is a little bit. 15 a community, like you alluded to in the 15 BOARD MEMBER BARAKAT: Yeah, yeah. 16 surveys, whether we go into Riverside first or 16 MR. THOBURN: But Aundra is good about 17 San Marco, or -- you know, if we have to go two 17 sharing the view of your organization, so ... 18 different directions, we may have to make a 18 BOARD MEMBER BARAKAT: Thank you. 19 choice, correct? 19 THE CHAIRMAN: Mr. Meeks. 20 MR. THOBURN: Correct. 20 THE VICE CHAIRMAN: No comments. 21 BOARD MEMBER BARAKAT: So I think this 21 Thank you. 22 board will want to weigh in on a preference, 22 BOARD MEMBER HARPER-WILLIAMS: Nothing. 23 based on our own development patterns we are 23 THE CHAIRMAN: Okay. Brad, always, thank 24 seeing in our own CRA plan. When do you think 24 you. 25 is the appropriate point in time, that's not 25 MR. THOBURN: Thank you. Appreciate it. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 42 44 1 too far ahead and not too late, to weigh in? 1 THE CHAIRMAN: You're a great 2 MR. THOBURN: Well, obviously, the sooner 2 communicator. And it is -- like Oliver said, 3 the better, but we will be entering -- you 3 it's great for the authorities to keep on the 4 know, our initial focus was going to be on 4 same page, and we appreciate it, and we will -- 5 the -- I mean, Five Points to the sports 5 we will have an opportunity to opine. We look 6 complex, which we saw a consistency with the 6 forward to it. So thank you. 7 DIA plans, but we want to get your feedback for 7 MR. THOBURN: Thank you. 8 sure. 8 THE CHAIRMAN: With that, we did have a 9 I know there's some -- and, Aundra, we've 9 speaker who wanted to speak on the Skyway. I 10 had some conversations about, you know, do you 10 don't see him out there. Mr. Jackson is not 11 look at Springfield or something like that 11 here. 12 where you say, well, I know we have built-in 12 MR. JACKSON: Yes, he is. 13 ridership there, is that sort of -- you know, 13 THE CHAIRMAN: Oh, I'm sorry. 14 if you consider hitting a home run, maybe we 14 Mr. Jackson, please step forward. You have 15 need to look at that because we know we can 15 three minutes. 16 connect to Brooklyn. So we definitely -- we 16 Could someone start the timer when he ... 17 definitely want that. 17 (Mr. Jackson approaches the podium.) 18 We're going to -- as we -- but one of the 18 THE CHAIRMAN: I missed you, Mr. Jackson. 19 things we're going to do is position all of the 19 I'm sorry. 20 projects to move forward, at least within 20 MR. JACKSON: That's all right. I 21 this -- the traditional state and federal 21 wouldn't have let you get away with it. 22 funding programs. And so we want to have some 22 Dick Jackson, 4426 Rochelle Street. 23 level of flexibility to say, okay, we're going 23 You know, this is one of the things I do 24 to move forward and position each one, but they 24 feel quite passionate about, is the Skyway, and 25 may not all go forward at the same time, but if 25 I did go to the meeting last night. You know, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 11 of 31 sheets Page 41 to 44 of 78 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 45 47 1 I'd kind of guess maybe 70 people, not because 1 THE CHAIRMAN: Thank you. 2 of lack of advertising and awareness, but there 2 Okay. With that, we're back to the Chief 3 is -- I think there's more to do with apathy 3 Executive Officer report. 4 because of lack of knowledge of the potential 4 Mr. Wallace. 5 of what the transit system downtown can do for 5 MR. WALLACE: Yes. Mr. Chairman, I'm 6 Jacksonville. I think, you know, hand in hand 6 going to ask Ryan from Vestcor to come forward 7 with the residences, like transit-oriented 7 and give us a quick overview on LaVilla Lofts. 8 development, it's going to be a big boost 8 THE CHAIRMAN: And this will include -- 9 because we need the residences. And it's an 9 MR. WALLACE: Lofts of LaVilla. I'm 10 incentive for the developers to be able to 10 sorry. 11 build these residences around stations and take 11 THE CHAIRMAN: This will also include his 12 advantage of the connectivity to things. 12 public request card, so ... 13 I don't have a problem with the extent of 13 (Mr. Hoover approaches the podium.) 14 the extension going out in different areas, but 14 THE CHAIRMAN: Ryan, how are you? 15 one of the things that bothers me is that there 15 MR. HOOVER: I'm well. Thank you. 16 isn't more consideration for these smaller pods 16 Ryan Hoover, 3030 Hartley Road. 17 which can and should stay elevated. You know, 17 I did want to give everyone a quick update 18 we're talking a pod one to three people. You 18 on two things. First, the Lofts of LaVilla. 19 might end up with two or three hundred pods, 19 If you have driven by, you've seen that for a 20 you know, but the price per pod is certainly 20 while we have had many, many mounds of debris 21 not the same as these monster things that are 21 and environmental dirt. It's all gone now. 22 the alternative. 22 Took off about 4,000 tons of debris, bricks, 23 It -- if you bring it down to ground 23 and -- you name it, we found it, and they have 24 level, you've got a -- you have created a whole 24 just now started pouring the footers for the 25 can of worms with, you know, everything. And 25 (inaudible). Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 46 48 1 the right-of-way is easier with the smaller 1 If you remember, this is a five-story. So 2 vehicles. And using the existing Skyway, it's 2 the first elevated floor will be concrete, then 3 easier to put these pods on the existing Skyway 3 we'll have four floors framed above that. So 4 and retrofit it that way, but the cost of the 4 we're hoping to finish the podium in March and 5 extension is the big thing. 5 at that time begin framing. So that's coming 6 The smaller the vehicle, the lighter the 6 up quickly and still on target, October, but I 7 infrastructure needed to support it and the 7 think it can be done a lot faster than that, 8 spans and everything. And talk about intrusion 8 hopefully. We'll see how it goes. 9 into places like San Marco and stuff like that, 9 The other update was -- if you remember 10 you can -- you can actually kind of, you know, 10 the last meeting -- or two meetings ago, y'all 11 wind your way down very unobtrusively and end 11 approved the local government match for the -- 12 up, you know, not getting the resistance you 12 we were competing for the loan from 13 might than if you tried to, you know, go on the 13 Jacksonville Housing Finance Authority, and we 14 ground or did bigger vehicles. 14 were successful in getting the other half. We 15 And I'm looking at my notes here now. I 15 did put in an application to Florida Housing. 16 just -- I just can't emphasize enough that 16 So we were the only application in Duval. 17 coming down to grade is going to be inefficient 17 Actually, we had a backup. We resubmitted 18 and expensive more so than keeping it elevated. 18 as well. So there's only two for Duval. If 19 And this is -- you know, this is not rocket 19 everything goes as planned, we should get that 20 science either. Okay? I have passed out 20 funding and move forward around March. 21 copies of my thing here which are available to 21 Right now, it is -- there's a holdup. 22 anybody in the audience also. 22 There's some litigation by other parties, not 23 THE CHAIRMAN: Thank you, Mr. Jackson. We 23 us, on the RFA, but otherwise we're moving 24 appreciate your input. 24 forward. We're doing full design, and we're 25 MR. JACKSON: Thank you. 25 going to be starting the DDRB process hopefully Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:22:19 PM Page 45 to 48 of 78 12 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 49 51 1 at the end of February or March in spite of 1 So, right now, there's nothing that alarms 2 that. 2 me in terms of -- from an expenditure 3 THE CHAIRMAN: Very good. 3 standpoint today. 4 MR. HOOVER: All right. Thank you. 4 All right. Just for informational 5 THE CHAIRMAN: Thank you. Great to see 5 purposes, I provided you two documents to get 6 that progress as you drive by. 6 you ready. I hate to say that. It's January, 7 MR. WALLACE: Mr. Chairman, Karen just 7 which means that I'm two months away from being 8 passed our to you some financial documents. I 8 entrenched into the City's budget process. So 9 kind of went over the top document with Vice 9 this is where we kind of really left off, at 10 Chairman Meeks yesterday. So I'm just going to 10 the Southside TID, as well as the Northbank 11 cut to the chase. 11 TIF. 12 It says, DIA FY 2016/2017 Adopted Budget. 12 So what I did is, I've kind of -- on this 13 The total budget is 1,556,758 million. That's 13 one, for the Southside, which says "SF 182" in 14 our administrative budget. So to the -- to the 14 the top left-hand corner, you see what the 15 right of that, I've kind of got this broken 15 budget is for this current fiscal year, 16 down into first quarter, second quarter, third 16 $3.7 million. I lay out all of our operating 17 quarter and fourth quarter. Well, first 17 expenditures. 18 quarter will have ended for us in December. So 18 You will note that I have gone ahead and 19 we were having an expenditure of 238,411. So 19 put in Ventures Apartments, in terms of -- from 20 basically, when you break things down to a 20 the expenditure side, and that REV Grant 21 quarter, we should have been spending 389,000. 21 starting in fiscal year '18-'19 with 407,652 22 So we're $150,00 under for that particular 22 being paid out. 23 quarter. 23 You will also note that proposed revenues 24 What you will see -- that's normally a 24 start that year also from that particular 25 trend for us. As we start slow, spend a lot 25 project in '18 and '19. I kind of try to do Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 50 52 1 later on because a lot of our expenditures are 1 some projections going forward. This will be 2 in professional services. So we have a -- have 2 subject to change before we get to April and 3 an RFP on the street for design standards. 3 begin these conversations as a board, but I 4 That should come back in on the 21st of 4 just want to let you know where we are. 5 January. So we will be making a decision about 5 And I've also gone ahead and put in, in 6 who would do that work for us. That's going to 6 the operating expenditures, One Call, which is 7 eat up a chunk of the Professional Services 7 what we agreed to table till next month, but 8 agreement. 8 you see me begin to start phasing in that 9 We've got the Riverplace Boulevard road 9 hundred thousand dollar expenditure equally as 10 diet as well as the -- I'm sorry, the LaVilla 10 well. 11 development strategy that we're still 11 The good news is the following: That this 12 negotiating the contract. We should get that 12 current fiscal year, by the time it ends, we've 13 under contract and then be able to spend those 13 got $134,000 that we're going to have to 14 funds hopefully by September 30th of this year, 14 definitely -- 15 as well as the Brooklyn -- 15 MR. DALY: Program. 16 MR. DALY: Riverside. 16 MR. WALLACE: -- program, because this 17 MR. WALLACE: -- Riverside road diet, and 17 134,000 came in as a debt repayment. That came 18 spend those -- spend that money by September. 18 in -- which one? It was the Hilton? 19 So we start slow, have a lot of 19 MR. DALY: It was the final Hilton 20 expenditures that we're going to make up 20 payment. 21 through the actual year itself. And we're 21 MR. WALLACE: Yeah, the final Hilton 22 going to be going back out on the street here. 22 payment. So we've got 134,000 to play with. 23 Hopefully, in the month of February, I'll bring 23 We've got to put it somewhere, and we need to 24 to you a scope of services for a parking study 24 do that by September. We definitely need to do 25 equally as well. 25 it by September 1 so it gets into this -- to Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 13 of 31 sheets Page 49 to 52 of 78 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 53 55 1 the budget process itself. 1 be the next meeting. 2 So you will have -- if you look at what 2 At any rate, I have looked at the audited 3 we've got to deal with for '17 and '18, you see 3 financial statements. You know, there's 4 that number down in the bottom, unallocated 4 substantial numbers that we're paying out for 5 funds, we're projecting already, we're going to 5 these parking garages. And probably, the 6 be at about $1.7 million that we're going to 6 single number that I was most interested in 7 have to determine where we're going to put that 7 were these so-called related party 8 in terms of the projects. 8 transactions. 9 And there's one large-scale project that's 9 And so there's about a couple hundred 10 hanging out there that we're negotiating a 10 thousand dollars in each of the two audit years 11 development agreement on that hasn't come to us 11 of both related party transactions. So I'm 12 yet. So I just need you to understand and 12 going to help Mr. Daly devise some questions 13 don't panic just yet, thinking that we just -- 13 about those amounts, are they arm's length, how 14 you know, what are we going to do with this 14 would you determine that. 15 money. We always have something to do with 15 And then the next thing I need to do -- 16 this money. Okay? So that's on the North- -- 16 and it's going to take a little bit of time -- 17 that's on the Southbank. I'm sorry. 17 I want to -- I was going to do this yesterday, 18 On the next sheet, what we did is, we 18 but Mr. Daly and I ran out of time -- is, I 19 rolled the two TIFs together and just said 19 want to take our payment format or schedule, or 20 Northbank TIF. And you see, for '16-'17, the 20 however we do that, with the contract and with 21 total revenues is roughly 7. -- $7.7 million. 21 the financial statements and make sure that I 22 What we did do in operating expenses is, we 22 can follow all of that logically because 23 went ahead and rolled in the 200 Riverside REV 23 these -- these numbers, you will see for the -- 24 Grant. 24 we're getting hit to the tune of almost 25 And you will notice in fiscal year 25 $4 million for these parking garages. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 54 56 1 '19-'20, we start paying out 370- -- 373,964 in 1 So hopefully, between now and when we meet 2 terms of, that will be the first payment coming 2 the next time, I will have gone through those 3 in '19-'20, providing that they move forward 3 two steps. Maybe we'll have an answer from the 4 and get their construction going in '17, 4 owners about the related party transactions, 5 concluding in '18, so this can come online for 5 and I'll have a better understanding just 6 payment in '19 and '20. That's the only one -- 6 mechanically how the contract -- now that we 7 new project that we have rolled in thus far. 7 have -- you remember, they had not turned in 8 So you will notice that there is no 8 audited financial statements for several years, 9 unallocated funds for the actual Northbank 9 as they are required to do per the terms of the 10 itself. 10 contract. 11 So, Mr. Chairman, that's my financial 11 So I intend to audit the financial 12 report. Right now, this is the activity with 12 statements, the contract, and the format we use 13 regard to the TIFs. This will change, and we 13 to calculate what we owe. I want to make sure 14 will be back having much more comprehensive 14 I can understand that and then report back to 15 conversations with regards to these two -- 15 our board. 16 these three TIFs, but these two documents, come 16 MR. WALLACE: Mr. Chairman, we're fully 17 late March or early April. 17 managing this now. So what may not have been 18 Also, I did have an opportunity to talk to 18 requested in the past, et cetera, we now have 19 Mr. Meeks briefly with regard to audited 19 complete control of the files. And we've 20 financial statements. If he cares to share 20 worked very well with the owners of the 21 anything this month, or if you would like to 21 garages. When needed, they've gotten us the 22 share it next month, it's up to you, sir. 22 information that we've requested. I think it 23 THE VICE CHAIRMAN: More so next month, 23 was just a matter of lack of communication -- 24 but just a little bit, I did intend to have 24 by not the Downtown Investment Authority -- 25 this done by this meeting, but it will have to 25 with the actual owners before with regards to Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:22:19 PM Page 53 to 56 of 78 14 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 57 59 1 information, but there's no communication gap 1 BOARD MEMBER BARAKAT: We are out of 2 right now. 2 ammunition. No one's here right now that I 3 That's what really happened in the last 3 know, so we can speak a little more freely. 4 budget process, where a payment didn't get 4 We're essentially out of ammunition on the 5 paid, so there was nobody talking to them. And 5 Northbank. 6 we arbitrarily assumed, since someone else was 6 So I'm wondering -- this is an idea. 7 managing the file, that they had communication, 7 Since the Southbank has a significant 8 but we've closed that loop right now. 8 surplus -- and I understand there's a large 9 Mr. Chairman, I have no other comments, 9 project that's being negotiated, but one 10 but if there's individuals that want to talk 10 hypothetical is that, if that project doesn't 11 about either one of the TIFs or the 11 come together because of the economy or as 12 administrative budget, I'll entertain your 12 years go by, if we can inquire about those 13 comments right now. 13 unallocated funds going back into the General 14 THE CHAIRMAN: Any members have any 14 Fund and striking a deal with the General Fund 15 questions of our chief executive officer? 15 in City Council to help the Northbank. 16 Mr. Gibbs. 16 I'm just throwing that out there as an 17 BOARD MEMBER GIBBS: So there should be no 17 idea. Okay? And I know it has a lot of 18 problem with oversight like at the JEDC? 18 political baggage, but looking forward, most of 19 MR. WALLACE: No. 19 the dollars we need for this board are needed 20 THE CHAIRMAN: Mr. Padgett. 20 on the Northbank. And it doesn't take a rocket 21 BOARD MEMBER PADGETT: No. 21 scientist to figure out, we don't have a lot of 22 THE CHAIRMAN: Mr. Grey. 22 resources. So I just throw that out there as 23 BOARD MEMBER GREY: No. 23 potential fodder in the future. 24 THE CHAIRMAN: Ms. Durden. 24 MR. WALLACE: Mr. Chairman. 25 BOARD MEMBER DURDEN: I just want to say 25 THE CHAIRMAN: Mr. Wallace. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 58 60 1 thank you to -- to Aundra Wallace and his 1 MR. WALLACE: I'll let Mr. Grey go and 2 staff. This was something that was very 2 then I'll ... 3 important to the board. 3 BOARD MEMBER GREY: I just want to 4 And I also just want to say thank you to 4 piggyback off of what Oliver was saying, but I 5 Mr. Meeks for taking the time. That payment 5 also want to add this to say, maybe even 6 schedule is going to be very important, and I 6 looking at the parking revenues that we're 7 really appreciate you taking the time to look 7 getting as well to probably use as an 8 at that. 8 opportunity to allocate for additional projects 9 THE CHAIRMAN: Thank you. 9 on the Northbank because, I mean, according to 10 Mr. Moody. 10 this statement we're broke. 11 BOARD MEMBER MOODY: No comment. 11 So, you know, we are so restrictive on how 12 THE CHAIRMAN: Mr. Barakat. 12 we can spend money on different pots and it has 13 BOARD MEMBER BARAKAT: Not to point out 13 so many rules around it that really restricts 14 the obvious, but on the Northbank, I mean, you 14 us from doing any additional projects for 15 can -- we can all see that the loan -- the loan 15 growth. And I think if we, you know, can put 16 amount, which is really the deficit, it is 16 it on the floor to have a discussion about it, 17 growing year after year until about 2019 and 17 it would be great for us to see what we can do 18 '20, where it stabilizes and then decreases. 18 to help alleviate some of this and even pay off 19 And so this is a real burden in our 19 some of the COJ's debt. 20 ability to do anything on the Northbank. We're 20 MR. WALLACE: Mr. Chairman -- 21 going to -- this is our only source of revenue 21 THE CHAIRMAN: Thank you. 22 for the DIA. And once we burn through the 22 MR. WALLACE: -- if you -- if you just 23 Downtown Economic Development Trust Fund -- 23 take garages and you just take the complete 24 which is down to less than two million? 24 debt service down here, you're at $8.6 million 25 MR. WALLACE: Correct. 25 annually that you don't have. Nothing else Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 15 of 31 sheets Page 57 to 60 of 78 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 61 63 1 really to talk about. 1 THE CHAIRMAN: We'll have further 2 If you had 8. -- if you had this 2 conversations about that. 3 $8.6 million and got bonding capacity of three 3 MR. WALLACE: But during the budget -- 4 times that, you know, you're looking at a 4 during the budget process and whoever is on the 5 minimum of 25 -- $25 million. I'm telling you, 5 budget committee, you know, we really need to 6 I'm being ultraconservative when I say 6 think about just that. That is the reason why 7 25 million. The number is probably more 7 I tried to go to the State last year, to get 8 $35 million, easily. So until we fix this and 8 money to have a down payment assistance 9 we talk about this in our -- in our office, it 9 program, to help 11E and the Carling go to -- 10 does impede our ability to do things. 10 move towards condos, because if I do that, then 11 I'm going to say this: That's going to 11 right then and there, I alleviate, you know, 12 take some real negotiations. And not that I'm 12 11 East of about $1.3 million and the Carling 13 not a good negotiator, but the minute that you 13 of $2.1 million. We alleviate that payment if 14 allow money to go back to the General Fund, 14 they went condo, so ... 15 then you no longer have the ability and say-so 15 BOARD MEMBER BARAKAT: I didn't mean to 16 where that money goes, then you've got to ask 16 get in the weeds. 17 for what you just gave them back. 17 MR. WALLACE: Yeah. 18 So keep that in mind, what I just said. 18 BOARD MEMBER BARAKAT: You're probably 19 If there's -- once it goes into the General 19 thinking that, I get it, but I just think as a 20 Fund, they've got plenty of other projects 20 board -- 21 about what they want to plug that needs to get 21 MR. WALLACE: Yeah. 22 funded. So you have to keep that in mind if 22 BOARD MEMBER BARAKAT: -- we need to start 23 that's a strategy that we want to go down. 23 thinking about dollars in the next three years 24 BOARD MEMBER BARAKAT: Just to respond, 24 because it's not as plentiful as it was a few 25 yeah, I would never, ever consider it going 25 years ago. Not that we ever had a lot, but Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 62 64 1 into the General Fund without there being a 1 it's starting to deplete. 2 prior agreement that it be reallocated to 2 MR. WALLACE: We need to start that 3 settle debts of the Northbank. And mechanics 3 conversation this year because next year is 4 aside, I get it. 4 going to be critical because, as we have other 5 MR. WALLACE: Okay. 5 deals like Vestcor is trying to do, we're 6 BOARD MEMBER BARAKAT: But we have a -- we 6 trying -- remember, now, we assisted with JU 7 have money where -- you know, a lot of money 7 coming in downtown. 8 coming down the pike where we may not need it, 8 Those type of projects, while we sit and 9 depending on some pending projects. We have a 9 we wait and we want them, the big home run -- 10 significant deficit where -- we're 10 you know, we've been successful as an 11 significantly near. 11 organization with singles, doubles and triples. 12 MR. WALLACE: Through the Chair, I don't 12 If we can't -- if we can't get on base with 13 mean to monopolize this conversation. You've 13 anything -- you know, we don't need that 14 got to be careful also with regards to that 14 conversation about relevancy to begin to creep 15 because the counterargument is going to be, 15 in if we don't have the ability to make 16 well, the TIF isn't needed any longer. And 16 investments. 17 then they would want to have that push of 17 BOARD MEMBER MOODY: And I guess with all 18 trying to terminate the TIF early. So then you 18 that said, that's why time is of the essence 19 do that, then you don't have that particular 19 while we're still in a good market. 20 money to try and negotiate with. 20 THE CHAIRMAN: Right. 21 So it's not that I haven't thought about 21 Mr. Meeks. 22 what you're saying. I'm into the point of 22 THE VICE CHAIRMAN: I know we talked about 23 what's the chess game. You know, it's a chess 23 this a little bit and I know there are 24 match I've got to play with regards to how 24 political sensitivities around this. Clearly, 25 we're going to try and negotiate this piece. 25 if there is some way we could get this, round Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:22:19 PM Page 61 to 64 of 78 16 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 65 67 1 numbers, $4 million of these parking garages 1 phase was the Greyhound relocation. So now 2 off our sheet, that would be huge. 2 this is the -- actually, the admin building and 3 So subject to those sensitivities, I think 3 the bus transportation system, and they look 4 that needs to be -- not today in detail, but 4 like they've got a very nice project. Again, 5 that needs to be a subject for conversation. 5 these are conditional, so they will be 6 THE CHAIRMAN: Right. 6 receiving comments. 7 Ms. Harper-Williams. 7 As you indicate, Mr. Bailey, any -- any 8 BOARD MEMBER HARPER-WILLIAMS: I don't 8 board member that would like to participate, 9 have anything. 9 please do. You should be getting these 10 THE CHAIRMAN: Okay. Thank you. 10 packages in the mail beforehand, so please 11 Any other -- any other comments? 11 either communicate with us or attend the 12 BOARD MEMBER DURDEN: Just real quick, the 12 meetings. 13 only thing that -- I would like to kind of, you 13 That's where we're at. 14 know, tie the conversation. 14 THE CHAIRMAN: Very good. Thank you. 15 I think Mr. Grey had a great idea about 15 How about any old business? Do we have 16 maybe having a workshop. And I'd like to hear 16 any old business? 17 more about, you know, the -- how to address 17 MR. WALLACE: Mr. Chairman, Mr. Meeks and 18 some of these things, like the parking revenue. 18 I have been discussing the last 30-plus days -- 19 I think that you are ideally suited for helping 19 he was either assigned or volunteered on the 20 us work through some of those issues. I'd like 20 topic with regards to addressing homeless with 21 to hear about Mr. Meeks' work because I think 21 regards to downtown. We had conversations with 22 that those things will then inform us. 22 the administration and they are also addressing 23 You just said, Aundra, that we've only got 23 this issue equally as well. 24 a couple of months before we really need to 24 So what they have asked us to do is allow 25 start. You know, you're going to be embroiled 25 them to continue with their conversation with Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 66 68 1 in the budget. So I'd like to see us try to 1 individual providers and then come up with a 2 schedule a workshop. 2 strategy with regards to how to engage the 3 MR. WALLACE: Okay. We'll poll you and 3 public, and then they want us to play that 4 get back with you on that. 4 particular role on the public engagement piece. 5 THE CHAIRMAN: Okay. Moving on, DDRB 5 And Mr. Meeks did a great job of meeting 6 briefing, who -- Jim, have you got an update? 6 with various providers over the last 30, 7 MR. KLEMENT: Again, very briefly, yes, 7 45 days. So we don't want that work to go 8 sir. You heard portions of the dialogue and 8 unnoticed, but we need to let the 9 you saw some of the project that will be coming 9 administration do what they're doing. 10 to you. 10 City Council already has somebody assigned 11 DDRB is meeting tomorrow at 2:00 p.m. 11 to the homeless, which is Councilman Newby. So 12 They will be meeting on the first floor of this 12 at some point in time, we need to make sure 13 building, and there are two action items that 13 that all parties are rowing, rowing on the same 14 they will be addressing. One is the Ventures 14 direction on this boat as we begin to address 15 that you saw. It's a conditional approval, and 15 this particular issue. 16 they took to heart a lot of the leadership 16 THE CHAIRMAN: It's nice to see the 17 direction that the DIA provided, along with 17 interest in the -- all of them involved. We 18 Mr. Wallace's reconciliation before those 18 just need to make sure we are plugged into it, 19 members, and when they left -- and the part 19 and Mr. Meeks is plugged into it. 20 that they distributed to us, we think, has come 20 THE VICE CHAIRMAN: Until we had that 21 a long way. 21 comment or directive from the administration -- 22 And the second item is the Jacksonville 22 and it may turn out that we get to do something 23 Regional Transportation Center, which is the 23 like this because I do think the administration 24 next phase of the master plan in the LaVilla 24 realizes the need for some public-type 25 area, near the Prime Osborn Center. The first 25 meetings. Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 17 of 31 sheets Page 65 to 68 of 78 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 69 71 1 So just very briefly, what I envisioned, 1 BOARD MEMBER DURDEN: I actually don't 2 based on having half a dozen or so either phone 2 know if this is -- it's kind of old business, 3 conversations or meetings with two different 3 but I know this board, in the past, has 4 executive directors of facilities downtown, 4 talked -- a couple of times we've been in some 5 also with a person who works for the Mental 5 situations where we've been asked to allocate 6 Health Resource Center and also with Jackson 6 development rights and -- and yet, the project 7 Short, who is the Zone 1 commander, and he was 7 hasn't finished going through DDRB for 8 going to bring one of the administrative people 8 conceptual design. 9 from the jail -- that I envision having several 9 And I would -- and we have -- and I 10 public workshops where it had at least one, if 10 wonder -- and there's been discussion on the 11 not two people to -- subject matter experts at 11 board -- whether or not that puts us in a 12 each of those. 12 position of losing some leverage when we are 13 And the notion would be -- at least as I 13 talking about either the allocation of 14 have envisioned it, and this is subject to 14 development rights, a REV Grant in the design 15 change based on what comes from the 15 and how those fit together. 16 administration -- is that the person would give 16 And I recognize that the DDRB is the 17 a history of sort of how we got to where we are 17 primary body who's in charge, but does -- what 18 in their particular field, where we are now, 18 I'd like the board to think about -- and maybe 19 where they thought we were going, which a lot 19 we can think about trying to figure out how to 20 of that has to do with where the funds are 20 do this. Maybe it's, we add it to a workshop 21 going to be coming, what -- some areas are more 21 topic, we add -- where we're not making any 22 popular now in terms of getting funds than 22 decisions, but we have an opportunity, really, 23 others. And then how does that fit with our 23 to talk through that issue, because what 24 goal of revitalizing downtown. 24 concerns me and -- is that, are we putting 25 So, you know, one of my goals in this was 25 the -- when we make those decisions, based on Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 70 72 1 to hopefully have people working in this 1 timing, are we putting the DDRB in an awkward 2 industry think not just about the services they 2 position? Are we losing -- are they losing 3 are providing to their -- to their clients or 3 leverage when we make decisions first, or are 4 patients, as the case may be, but also, how 4 we losing leverage, you know? And really, of 5 does that -- how can that be done in a way that 5 course, the "we" is the City. 6 is not perhaps as contradictory as it has been 6 So I just want to throw that out there. I 7 and us revitalizing downtown. 7 know that I've had a couple of conversations 8 And by and large, I've been pleased with 8 with Aundra. Sometimes we seem to say one 9 the conversations I've had. Oftentimes I got a 9 thing, another time we seem to say another 10 lot of pushback. I really felt like I had some 10 thing. I think it's something for us to 11 good conversations with the different people 11 consider kind of from a -- from a global 12 involved, so it was -- it has been encouraging. 12 perspective. When do we want to take up those 13 THE CHAIRMAN: Thank you, Mr. Meeks. 13 decisions and how do we coordinate that and 14 Okay. Any other old business? 14 give some direction to staff? 15 BOARD MEMBERS: (No response.) 15 So it's just something for us to be 16 THE CHAIRMAN: Any new -- I'm sorry. 16 thinking about. Maybe we tack it on to, you 17 Mr. Gibbs. 17 know, a workshop that Mr. Meeks leads for us, 18 BOARD MEMBER GIBBS: The bids come in for 18 and I just think it's something that we should 19 the shipyard in March? 19 consider, a bigger perspective. 20 THE CHAIRMAN: March 8th. 20 THE CHAIRMAN: Yeah, we discussed it and 21 BOARD MEMBER GIBBS: Thanks. 21 we've talked about the timing a little bit 22 THE CHAIRMAN: Sorry. March 8th. 22 because, actually, they meet after us. And it 23 Any new business? 23 can be as simple as changing the timing of the 24 MR. WALLACE: Mr. Chairman, I'll defer. 24 meetings. And remember, they always have 25 THE CHAIRMAN: Yes, Ms. Durden. 25 conceptual and final, or should. Occasionally, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 01/26/2017 05:22:19 PM Page 69 to 72 of 78 18 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 73 75 1 it's -- it's conceptual and final. 1 probably do that if we need to. 2 So there's opportunity. And we have the 2 MR. WALLACE: So of the eight present, 3 opportunity for us to attend and be a part of 3 seven individuals are good. Mr. Padgett has a 4 those meetings, but it could be as simple as 4 conflict that day. And I'll check with 5 just moving those meetings around a little bit, 5 Mr. Grey, but, right now, if seven of you are 6 change the timing of the application. 6 available, then I'll set the meeting for that 7 MR. WALLACE: Mr. Chairman, we'll kick 7 date. 8 that around internally, but if we do have a 8 And you prefer the morning? 9 workshop, I would prefer it be called a real 9 BOARD MEMBER GIBBS: I have to be 10 estate development process workshop that is 10 somewhere in the afternoon out of town. 11 joined -- 11 MR. WALLACE: Okay. Is 10 o'clock too 12 THE CHAIRMAN: Right. 12 late to start? 13 MR. WALLACE: -- between DIA and DDRB and 13 BOARD MEMBER GIBBS: No. 14 hash out the discussion. Guy, Jim and myself, 14 MR. WALLACE: Okay. 15 we'll kick that one around. 15 BOARD MEMBER MOODY: Do you anticipate a 16 THE CHAIRMAN: Okay. 16 long meeting or -- 17 MR. WALLACE: And I do have one thing in 17 MR. WALLACE: Right now, it's the only 18 terms of new business. For February, from a 18 item I've got. 19 board meeting standpoint, to get to this 19 THE CHAIRMAN: So anything that might have 20 particular project that we tabled, could you 20 been on the 15th that we could get moved up, 21 look at a February 1st date and who's available 21 but -- 22 and who's not? So we've got eight out of nine 22 MR. WALLACE: Yeah. Right now -- 23 people here, and I'd like to try to get 23 THE CHAIRMAN: -- at this point, it's just 24 February 1st nailed down because the regular 24 the one. 25 board meeting, it looks like it would be on the 25 MR. WALLACE: Right now, I don't know Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 74 76 1 15th, and that's -- that's a tough week for me 1 what's coming for the 15th. That's the tough 2 and also, Mr. Chairman, for you. 2 part about us. You know, if something pops up 3 Since we talked about it, we were going 3 two weeks before the board meeting, you work 4 to -- both won't be available at all that 4 like heck to try to get it available and get 5 particular week. So if I'm going to -- 5 ready, but right now, it's that one item. 6 depending upon what our workload is looking 6 That's why I'm comfortable moving up earlier -- 7 like, I may just have that February 1st board 7 earlier in the month. 8 meeting, and then we just come back in March 8 I'm just telling you, everything else, you 9 for the next actual board meeting. I want to 9 may have to very well wait till a little bit 10 get this particular project on the table, 10 later, but I'm going to try to look at a 9:30 11 discussed and hopefully approved. 11 start time frame. And that would -- if 12 THE CHAIRMAN: How does everyone look for 12 something else gets added, our meetings 13 February 1? An accelerated meeting, but we'll 13 normally average three hours, so I've got to 14 be able to take care of this one resolution we 14 get us to noon, and then we would break. 15 tabled. 15 BOARD MEMBER GIBBS: Or 9 o'clock even. 16 BOARD MEMBER GIBBS: Can we do it in the 16 MR. WALLACE: Okay. 17 morning? 17 THE CHAIRMAN: Okay. 18 MR. WALLACE: I'm comfortable with that. 18 THE VICE CHAIRMAN: Thank you, 19 BOARD MEMBER MOODY: I'm good. 19 Mr. Chairman. It really is nice having nine 20 BOARD MEMBER PADGETT: I'm not. I'm not 20 active board members. Getting a quorum doesn't 21 good. 21 seem so difficult. I don't know if -- in the 22 THE CHAIRMAN: Ms. Durden? 22 soon-to-be three years since I came on the 23 BOARD MEMBER DURDEN: I'm good morning or 23 board, I don't know, until recently, there have 24 afternoon. I had a cancellation. 24 been that many occasions where there have been 25 THE CHAIRMAN: All right. We could 25 nine of us here. And that's -- that's Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 (904) 821-0300 19 of 31 sheets Page 73 to 76 of 78 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 77 1 encouraging from my perspective. So thank you. 2 BOARD MEMBER BARAKAT: Mr. Bailey, you've 3 had it so easy. 4 THE CHAIRMAN: Yeah, boy. I started with 5 five. 6 (Inaudible conversation.) 7 BOARD MEMBER GIBBS: And could we possibly 8 have a rep from One Call here? 9 MR. WALLACE: Yeah. Yeah, we're going 10 to -- a lot of things will change for -- 11 BOARD MEMBER GIBBS: Thank you. 12 MR. WALLACE: -- for that particular 13 meeting, trust me. 14 THE CHAIRMAN: Okay. With that, we're 15 going to have to wait for all the public 16 comment. We may be waiting about a week. 17 With that, this DIA meeting is adjourned. 18 Thank you, everyone. 19 (The above proceedings were adjourned at 20 5:10 p.m.) 21 - - - 22 23 24 25 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 78 1 CERTIFICATE OF REPORTER

2

3 STATE OF FLORIDA) ) 4 COUNTY OF DUVAL ) 5 6 7 I, Diane M. Tropia, Florida Professional 8 Reporter, certify that I was authorized to and did 9 stenographically report the foregoing proceedings and 10 that the transcript is a true and complete record of my 11 stenographic notes. 12 13 14 15 DATED this 26th day of January 2017. 16 17 ______18 Diane M. Tropia Florida Professional Reporter 19 20 21 22 23 24 25 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 (904) 821-0300 01/26/2017 05:22:19 PM Page 77 to 78 of 78 20 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 1

$ 2013 [1] - 28:14 7 67:22, 68:9, 68:21, 56:3 2016/2017 [1] - 49:12 68:23, 69:16 anticipate [1] - 75:15 $10,000 [2] - 4:3, 4:20 2017 [3] - 1:6, 2:2, 7 [2] - 20:7, 53:21 administrative [3] - Apartment [1] - 2:22 $134,000 [1] - 52:13 78:15 7-minute [2] - 21:25, 49:14, 57:12, 69:8 Apartments [1] - $150,00 [1] - 49:22 2017-01-04 [3] - 4:1, 22:4 Adopted [1] - 49:12 51:19 $180 [1] - 21:12 6:8, 6:25 7.7 [1] - 53:21 advantage [2] - 24:25, apathy [1] - 45:3 $25 [1] - 61:5 2019 [1] - 58:17 70 [1] - 45:1 45:12 application [3] - $35 [1] - 61:8 214 [1] - 1:7 advertising [1] - 45:2 48:15, 48:16, 73:6 21st [1] - 50:4 8 Advisory [1] - 18:4 appreciate [6] - 16:16, ' 238,411 [1] - 49:19 aerial [3] - 38:5, 39:17, 38:1, 43:25, 44:4, 25 [5] - 3:17, 10:16, 8 [2] - 10:2, 61:2 39:18 46:24, 58:7 '16-'17 [1] - 53:20 10:18, 61:5, 61:7 8.6 [2] - 60:24, 61:3 Aetna [1] - 41:1 approach [3] - 26:23, '17 [2] - 53:3, 54:4 250 [1] - 37:20 8th [3] - 1:8, 70:20, affect [1] - 34:7 33:12, 38:16 '18 [3] - 51:25, 53:3, 250,000 [1] - 37:19 70:22 afternoon [3] - 16:17, approaches [4] - 54:5 26th [1] - 78:15 74:24, 75:10 11:12, 16:12, 44:17, '18-'19 [1] - 51:21 275 [2] - 3:2, 3:9 9 agencies [1] - 19:21 47:13 '19 [2] - 51:25, 54:6 2:00 [1] - 66:11 ago [3] - 17:19, 48:10, appropriate [4] - 9 [1] - 76:15 '19-'20 [2] - 54:1, 54:3 2getthere [1] - 29:22 63:25 13:19, 29:9, 32:8, '20 [2] - 54:6, 58:18 90-second [1] - 21:24 agreed [1] - 52:7 41:25 '99 [1] - 29:24 3 9:30 [1] - 76:10 agreement [3] - 50:8, approval [3] - 4:2, 5:2, 53:11, 62:2 66:15 1 3 [5] - 3:25, 7:24, A ahead [6] - 12:5, 30:8, approve [3] - 2:10, 27:10 42:1, 51:18, 52:5, 2:16, 10:5 1 [3] - 52:25, 69:7, 3,000 [1] - 3:18 abandon [1] - 39:21 53:23 approved [2] - 48:11, [5] 74:13 3.7 [1] - 51:16 ability - 26:16, airport [2] - 32:16, 74:11 58:20, 61:10, 61:15, 1,556,758 [1] - 49:13 30 [2] - 29:3, 68:6 39:4 approving [1] - 16:5 64:15 1.3 [1] - 63:12 30-plus [1] - 67:18 Airport [1] - 28:13 April [2] - 52:2, 54:17 able [9] - 14:22, 24:25, 1.7 [1] - 53:6 300 [3] - 3:6, 3:8, 3:11 alarms [1] - 51:1 arbitrarily [1] - 57:6 32:15, 33:6, 34:5, 10 [1] - 75:11 3030 [1] - 47:16 Albany [1] - 38:8 area [2] - 24:2, 66:25 40:7, 45:10, 50:13, 11 [1] - 63:12 30th [1] - 50:14 Alexa [1] - 28:18 areas [2] - 45:14, 74:14 11E [1] - 63:9 370 [1] - 54:1 alleviate [3] - 60:18, 69:21 absolutely [1] - 8:18 12 [6] - 4:24, 11:8, 373,964 [1] - 54:1 63:11, 63:13 arm's [1] - 55:13 abundance [1] - 4:6 11:14, 15:10, 18:14 389,000 [1] - 49:21 allocate [2] - 60:8, art [1] - 7:17 accelerate [1] - 43:4 12-foot [4] - 9:4, 9:9, 3:52 [2] - 1:7, 2:2 71:5 article [3] - 38:5, accelerated [1] - 9:21, 12:8 3D [1] - 28:19 allocated [1] - 3:3 38:14, 40:10 74:13 12-foot-wide [3] - Allocation [1] - 2:22 Arts [1] - 21:4 access [1] - 12:8 8:25, 9:25, 13:11 4 allocation [3] - 3:7, aside [1] - 62:4 according [1] - 60:9 134,000 [2] - 52:17, 5:2, 71:13 assess [1] - 36:1 action [1] - 66:13 52:22 4 [17] - 6:25, 9:5, 9:15, allow [2] - 61:14, asset [1] - 21:13 active [1] - 76:20 14th [1] - 2:11 9:22, 10:10, 11:8, 67:24 assigned [2] - 67:19, activity [2] - 20:20, 15th [3] - 74:1, 75:20, 11:14, 11:15, 13:12, allows [1] - 30:10 68:10 54:12 76:1 15:10, 27:12, 55:25, alluded [1] - 41:15 assigning [1] - 3:16 actual [8] - 7:17, 18 [3] - 1:6, 2:2, 30:24 65:1 almost [3] - 29:1, assigns [1] - 3:12 24:13, 30:12, 33:5, 182 [1] - 51:13 4,000 [1] - 47:22 35:1, 55:24 assistance [1] - 63:8 50:21, 54:9, 56:25, 1st [3] - 73:21, 73:24, 407,652 [1] - 51:21 ALSO [1] - 1:18 Assistant [1] - 1:22 74:9 74:7 4426 [1] - 44:22 alternative [2] - 19:17, assisted [1] - 64:6 add [3] - 60:5, 71:20, 45 [1] - 68:7 45:22 assume [1] - 35:21 71:21 2 amend [1] - 12:20 assumed [1] - 57:6 added [1] - 76:12 5 amended [3] - 15:5, attend [2] - 67:11, adding [1] - 23:25 2 [7] - 3:25, 5:23, 5:24, 15:6, 15:7 73:3 additional [2] - 60:8, 6:8, 6:23, 6:25, 5 [2] - 10:20, 11:20 ammunition [2] - 59:2, attract [2] - 22:3, 60:14 12:21 56 [2] - 20:6, 28:24 59:4 27:20 2.1 [1] - 63:13 address [4] - 11:14, 5:10 [1] - 77:20 amount [1] - 58:16 attributes [2] - 20:3, 16:3, 65:17, 68:14 20 [6] - 4:25, 9:7, 9:13, amounts [1] - 55:13 20:17 10:8, 10:19, 11:19 addressing [3] - 6 analysis [1] - 4:13 AUDIENCE [1] - 15:17 20-01-04 [1] - 2:21 66:14, 67:20, 67:22 Analyst [1] - 1:20 audience [1] - 46:22 20-foot [3] - 9:2, 9:16, 6 [3] - 20:7, 21:25, adjourned [2] - 77:17, Anderson [2] - 23:18, audit [2] - 55:10, 22:4 77:19 12:9 34:25 56:11 200 [1] - 53:23 admin [1] - 67:2 annually [1] - 60:25 audited [3] - 54:19, 2006 [1] - 29:25 administration [5] - answer [3] - 5:9, 7:3, 55:2, 56:8 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 21 of 31 sheets (904Page )1821 to 1- of0300 11 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 2

Aundra [7] - 23:12, 64:14, 68:14 75:13, 75:15, 76:15, Business [2] - 29:23, 13:3, 13:9, 13:13, 25:1, 42:9, 43:16, below [1] - 21:2 77:2, 77:7, 77:11 31:3 13:16, 14:6, 14:10, 58:1, 65:23, 72:8 benefits [1] - 40:18 Board [11] - 1:14, buy [1] - 43:10 14:14, 14:24, 14:25, AUNDRA [1] - 1:19 best [3] - 21:13, 21:16, 1:14, 1:15, 1:15, 15:1, 15:3, 15:6, authorities [2] - 41:11, 26:23 1:16, 1:16, 1:17, 3:2, C 15:8, 15:10, 15:15, 44:3 better [5] - 7:11, 7:24, 10:4, 14:16 15:18, 15:22, 15:24, Authority [3] - 2:5, 18:16, 22:4, 42:3, boat [1] - 68:14 cable [4] - 38:23, 16:11, 16:13, 32:10, 48:13, 56:24 56:5 body [1] - 71:17 38:24, 39:1, 39:5 33:24, 34:8, 34:10, AUTHORITY [1] - 1:2 between [4] - 10:21, bonding [1] - 61:3 calculate [1] - 56:13 37:10, 37:24, 40:21, authorized [1] - 78:8 41:11, 56:1, 73:13 boost [1] - 45:8 cancellation [1] - 43:19, 43:20, 43:23, autonomous [5] - bids [1] - 70:18 Boston [1] - 38:10 74:24 44:1, 44:8, 44:13, 26:6, 27:18, 28:4, big [3] - 45:8, 46:5, bothers [1] - 45:15 cannot [1] - 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3:23, 24:6, 45:20 43:9, 52:2, 54:13, Baltimore [1] - 38:10 8:10, 8:15, 8:19, 4:11 Certificate [10] - 6:11, 9:11, 9:15, 9:19, 69:15, 73:6, 77:10 Barakat [3] - 12:14, broke [1] - 60:10 6:12, 7:8, 7:15, 8:20, 9:23, 10:7, 10:10, changes [3] - 11:8, 40:21, 58:12 broken [1] - 49:15 13:4, 13:25, 14:6, 10:12, 10:15, 10:23, 12:21, 13:15 BARAKAT [16] - 1:14, Brooklyn [4] - 21:4, 15:11, 15:12 11:1, 11:4, 12:13, changing [1] - 72:23 12:15, 15:4, 41:9, 33:18, 42:16, 50:15 CERTIFICATE [1] - 12:15, 12:18, 12:23, charge [1] - 71:17 41:21, 43:12, 43:15, brought [1] - 38:21 78:1 13:2, 13:5, 13:10, chase [1] - 49:11 43:18, 58:13, 59:1, Budget [1] - 49:12 certification [1] - 13:7 13:14, 13:17, 15:2, check [1] - 75:4 61:24, 62:6, 63:15, budget [11] - 49:13, Certification [3] - 15:4, 15:21, 15:23, chess [2] - 62:23 63:18, 63:22, 77:2 49:14, 51:8, 51:15, 7:25, 8:6, 13:8 32:14, 33:25, 34:9, Chicago [1] - 38:10 base [2] - 20:12, 64:12 53:1, 57:4, 57:12, certify [1] - 78:8 34:11, 35:12, 35:15, chief [1] - 57:15 based [5] - 41:13, 63:3, 63:4, 63:5, cetera [3] - 17:14, 35:18, 35:21, 36:11, Chief [2] - 1:19, 47:2 41:23, 69:2, 69:15, 66:1 19:23, 56:18 36:15, 37:25, 39:6, choice [2] - 24:17, 71:25 build [1] - 45:11 CFO [1] - 16:7 39:12, 40:9, 40:13, 41:19 bat [1] - 33:22 Building [3] - 1:7, 7:5, Chair [3] - 1:13, 13:18, 40:17, 40:24, 41:9, chose [1] - 26:14 battery [1] - 25:12 41:1 62:12 41:21, 43:12, 43:15, chosen [1] - 28:7 Bay [4] - 30:20, 30:21, building [4] - 14:8, CHAIRMAN [106] - 2:4, 43:18, 43:22, 57:17, chunk [1] - 50:7 31:10, 35:2 14:21, 66:13, 67:2 2:14, 2:16, 2:19, 57:21, 57:23, 57:25, cir [1] - 21:22 beam [4] - 24:15, built [2] - 18:22, 42:12 2:21, 5:12, 5:16, 58:11, 58:13, 59:1, 25:24, 26:2, 36:1 5:18, 5:20, 5:24, 6:3, Circulator [1] - 31:23 60:3, 61:24, 62:6, built-in [1] - 42:12 beauty [1] - 31:18 6:9, 6:14, 6:19, 6:21, circulator [4] - 17:3, 63:15, 63:18, 63:22, burden [1] - 58:19 becomes [1] - 33:9 7:2, 9:21, 10:18, 18:18, 18:23, 20:9 64:17, 65:8, 65:12, burn [1] - 58:22 beforehand [1] - 11:5, 11:13, 11:21, cities [2] - 18:24, 38:8 70:15, 70:18, 70:21, bus [2] - 25:10, 67:3 67:10 11:24, 12:1, 12:4, city [1] - 41:7 71:1, 74:16, 74:19, business [6] - 67:15, begin [6] - 32:24, 12:11, 12:14, 12:16, CITY [1] - 1:1 74:20, 74:23, 75:9, 67:16, 70:14, 70:23, City [8] - 1:20, 10:25, 48:5, 52:3, 52:8, 71:2, 73:18 12:17, 12:19, 12:25, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:22:19 PM (904Page )2821 to 2- of0300 11 22 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 3

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3:24, copies [1] - 46:21 DALY [4] - 1:20, detailed [1] - 32:25 COJ's [1] - 60:19 4:1, 4:21, 5:22, corner [2] - 25:11, 50:16, 52:15, 52:19 determine [4] - 18:9, comfortable [3] - 14:19, 14:23 51:14 DANE [1] - 1:14 24:11, 53:7, 55:14 4:19, 74:18, 76:6 condo [1] - 63:14 correct [9] - 8:10, 9:3, danger [1] - 33:8 develop [4] - 18:12, coming [10] - 38:2, condos [1] - 63:10 11:23, 14:1, 14:2, darken [1] - 14:3 20:14, 30:9, 35:8 41:10, 46:17, 48:5, confirm [1] - 11:14 35:14, 41:19, 41:20, date [2] - 73:21, 75:7 developed [2] - 18:20, 54:2, 62:8, 64:7, conflict [1] - 75:4 58:25 DATED [1] - 78:15 18:22 66:9, 69:21, 76:1 connect [6] - 19:6, corridor [2] - 31:1, days [2] - 67:18, 68:7 developer [4] - 3:4, commander [1] - 69:7 22:19, 24:25, 27:3, 43:8 DDRB [7] - 48:25, 3:21, 4:3, 4:14 commencing [1] - 1:7 31:19, 42:16 corridors [1] - 31:13 66:5, 66:11, 71:7, developers [1] - 45:10 comment [7] - 11:10, connected [4] - 23:7, cost [15] - 17:13, 71:16, 72:1, 73:13 developing [2] - 32:6, 40:24, 41:10, 23:9, 23:25, 26:20 26:23, 32:22, 33:1, deal [2] - 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communicator [1] - consistent [2] - 8:8, Counsel [1] - 1:22 decreases [1] - 58:18 25:3 44:2 15:11 counterargument [1] dedicated [3] - 10:25, devise [1] - 55:12 community [3] - consistently [1] - 7:21 - 62:15 25:16, 25:19 DIA [13] - 1:19, 1:20, 19:21, 19:22, 41:15 constrained [1] - 22:3 COUNTY [1] - 78:4 defer [1] - 70:24 1:21, 1:21, 1:22, companies [1] - 28:3 constraints [1] - 41:14 couple [9] - 4:18, deficit [2] - 58:16, 19:10, 38:17, 42:7, compare [1] - 4:17 construct [1] - 5:5 4:22, 5:22, 35:24, 62:10 49:12, 58:22, 66:17, compared [1] - 33:3 construction [1] - 38:16, 55:9, 65:24, defined [1] - 33:6 73:13, 77:17 comparison [1] - 54:4 71:4, 72:7 defining [1] - 18:17 dialogue [1] - 66:8 28:22 continue [1] - 67:25 course [3] - 32:8, definitely [6] - 37:14, Diane [3] - 1:9, 78:7, competing [1] - 48:12 continuing [1] - 5:2 38:17, 72:5 42:16, 42:17, 43:10, 78:18 complete [3] - 56:19, contract [6] - 50:12, CRA [1] - 41:24 52:14, 52:24 Dick [1] - 44:22 60:23, 78:10 50:13, 55:20, 56:6, CRAIG [1] - 1:15 degree [1] - 22:13 Diebenow [6] - 9:1, Completion [2] - 6:13, 56:10, 56:12 crash [1] - 36:2 demand [3] - 22:21, 10:13, 10:16, 11:10, 7:9 contradictory [1] - crash-worthiness [1] 22:24 11:12, 11:13 complex [6] - 20:25, 70:6 - 36:2 demo [2] - 29:13, DIEBENOW [5] - 21:1, 21:7, 23:18, contribute [1] - 4:3 crazy [1] - 8:2 29:15 11:16, 11:23, 11:25, 24:3, 42:6 control [1] - 56:19 create [2] - 25:19, demonstrate [1] - 30:4 12:2, 12:6 Compli [1] - 8:7 controlled [2] - 27:15, 31:19 Department [1] - 7:6 diet [2] - 50:10, 50:17 compliance [2] - 11:9, 27:16 created [1] - 45:24 department [1] - 13:19 diets [2] - 30:18 13:7 convenient [1] - 41:4 creates [1] - 43:2 deplete [1] - 64:1 difference [1] - 22:1 Compliance [4] - 7:9, conversation [10] - creep [1] - 64:14 deployed [1] - 27:19 different [12] - 17:8, 8:1, 14:7, 15:12 31:14, 34:4, 35:10, criteria [1] - 26:8 deployment [1] - 27:7 24:12, 25:9, 25:21, compliant [1] - 8:14 62:13, 64:3, 64:14, critical [1] - 64:4 describe [1] - 6:23 27:24, 33:3, 38:8, comprehensive [1] - 65:5, 65:14, 67:25, Crosby [1] - 18:5 described [2] - 10:13, 41:18, 45:14, 60:12, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 23 of 31 sheets (904Page )3821 to 3- of0300 11 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 4

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72:20, 12:23, 13:2, 13:5, emphasize [1] - 46:16 excuse [1] - 13:5 9:5, 9:7, 9:13, 9:15, 74:11 13:10, 13:14, 37:25, employment [1] - executive [2] - 57:15, 10:2, 10:8, 10:10, discussing [1] - 67:18 39:6, 39:12, 40:9, 21:17 69:4 10:16, 10:19, 10:20, discussion [6] - 2:14, 40:13, 40:17, 57:25, empty [1] - 3:20 Executive [3] - 1:19, 11:5, 11:19, 11:20, 7:5, 15:3, 60:16, 65:12, 71:1, 74:23 encourage [1] - 20:2 1:22, 47:3 13:12, 30:24 71:10, 73:14 Durden [9] - 5:20, encouraging [2] - exist [1] - 19:15 felt [1] - 70:10 dispose [1] - 35:16 6:14, 12:22, 14:10, 70:12, 77:1 existing [11] - 19:15, few [1] - 63:24 distributed [1] - 66:20 15:25, 37:24, 57:24, end [4] - 17:17, 45:19, 19:16, 21:11, 25:24, field [1] - 69:18 district [1] - 24:2 70:25, 74:22 46:11, 49:1 27:2, 34:5, 34:12, figure [4] - 5:4, 35:3, dive [1] - 32:24 Durden's [2] - 13:22, ended [1] - 49:18 34:17, 36:2, 46:2, 59:21, 71:19 14:17 dock [1] - 41:2 ends [1] - 52:12 46:3 file [1] - 57:7 during [2] - 63:3, 63:4 document [2] - 7:18, engage [1] - 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10:21 entrenched [1] - 51:8 expenditures [4] - 66:12, 66:25, 72:3 easiest [1] - 33:20 doubles [1] - 64:11 environmental [1] - 50:1, 50:20, 51:17, First [1] - 47:18 easily [1] - 61:8 doubt [1] - 40:19 47:21 52:6 fiscal [4] - 51:15, East [1] - 63:12 down [19] - 3:22, 14:4, envision [2] - 30:21, expense [1] - 5:8 51:21, 52:12, 53:25 east [1] - 43:8 16:4, 21:21, 22:10, 69:9 expenses [1] - 53:22 fit [2] - 69:23, 71:15 east-west [1] - 43:8 33:13, 34:19, 45:23, envisioned [2] - 69:1, expensive [1] - 46:18 Five [2] - 21:3, 42:5 easy [1] - 77:3 46:11, 46:17, 49:16, 69:14 experience [1] - 21:24 five [4] - 11:5, 27:8, Easymile [1] - 29:16 49:20, 53:4, 58:24, envisioning [1] - experts [1] - 69:11 48:1, 77:5 eat [1] - 50:7 60:24, 61:23, 62:8, 31:12 expressway [1] - 41:2 five-story [1] - 48:1 Economic [1] - 58:23 63:8, 73:24 equally [3] - 50:25, extending [1] - 39:19 fix [1] - 61:8 economy [1] - 59:11 downtown [20] - 52:9, 67:23 extension [4] - 31:14, flanked [1] - 9:5 Ed [1] - 1:7 18:18, 18:21, 19:1, equivalent [2] - 7:7, 33:18, 45:14, 46:5 flexibility [5] - 26:17, edge [1] - 27:7 19:6, 19:7, 20:8, 7:16 extensions [5] - 27:4, 42:23, 43:5, effect [1] - 3:14 20:13, 20:15, 20:20, errors [1] - 8:14 26:24, 34:20, 34:21, 43:9 23:6, 23:9, 27:3, effective [5] - 26:23, especially [3] - 21:21, 36:22, 39:22 flexible [4] - 19:11, 32:15, 41:5, 45:5, 33:5, 33:12, 36:24, 27:2, 39:15 extensive [1] - 20:15 22:9, 22:14, 26:15 39:24 64:7, 67:21, 69:4, essence [1] - 64:18 extent [1] - 45:13 Floor [1] - 1:8 effectively [1] - 18:23 69:24, 70:7 essentially [3] - 4:13, floor [3] - 48:2, 60:16, Downtown [4] - 2:5, effectuate [1] - 3:7 39:10, 59:4 F 66:12 [2] 10:4, 56:24, 58:23 effort - 18:8, 20:15 estate [1] - 73:10 floors [1] - 48:3 [2] DOWNTOWN [1] - 1:2 eight - 73:22, 75:2 estimate [2] - 33:1, facilities [1] - 69:4 FLORIDA [1] - 78:3 dozen [1] - 69:2 either [15] - 9:5, 9:16, 37:16 fact [2] - 13:20, 14:1 Florida [5] - 1:8, 1:10, drive [3] - 8:1, 27:11, 13:12, 14:2, 14:14, estimates [3] - 17:13, familiar [1] - 4:22 23:8, 48:15, 78:7 49:6 15:11, 21:1, 39:18, 32:23, 33:14 far [2] - 42:1, 54:7 florida [1] - 78:18 39:24, 46:20, 57:11, driven [2] - 38:24, et [3] - 17:14, 19:23, fast [1] - 29:7 focus [1] - 42:4 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:22:19 PM (904Page )4821 to 4- of0300 11 24 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 5

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Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 25 of 31 sheets (904Page )5821 to 5- of0300 11 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 6

44:22, 46:23, 69:6 lane's [1] - 30:24 Lofts [2] - 47:7, 47:18 66:24 61:24, 62:6, 63:15, JACKSON [3] - 44:12, lanes [4] - 17:13, 25:8, lofts [1] - 47:9 match [2] - 48:11, 63:18, 63:22, 64:17, 44:20, 46:25 25:16, 30:23 logically [1] - 55:22 62:24 65:8, 65:12, 70:18, JACKSONVILLE [1] - language [2] - 7:7, long-range [1] - 17:14 materials [1] - 5:6 70:21, 71:1, 74:16, 1:1 15:11 look [25] - 4:15, 4:21, matter [3] - 40:5, 74:19, 74:20, 74:23, Jacksonville [4] - 1:8, Large [1] - 1:10 6:2, 18:24, 19:16, 56:23, 69:11 75:9, 75:13, 75:15, 45:6, 48:13, 66:22 large [3] - 53:9, 59:8, 23:18, 25:20, 27:8, mean [9] - 9:25, 32:17, 76:15, 77:2, 77:7, jail [1] - 69:9 70:8 28:8, 30:17, 30:19, 39:25, 41:5, 42:5, 77:11 JAMES [1] - 1:13 large-scale [1] - 53:9 36:6, 37:4, 37:9, 58:14, 60:9, 62:13, Member [8] - 1:14, January [5] - 1:6, 2:2, Las [2] - 29:14, 29:15 37:12, 40:12, 42:11, 63:15 1:14, 1:15, 1:15, 50:5, 51:6, 78:15 last [8] - 16:21, 29:21, 42:15, 44:5, 53:2, means [1] - 51:7 1:16, 1:16, 1:17, JEDC [1] - 57:18 44:25, 48:10, 57:3, 58:7, 67:3, 73:21, mechanically [1] - 14:16 Jim [2] - 66:6, 73:14 63:7, 67:18, 68:6 74:12, 76:10 56:6 members [4] - 38:5, JIM [1] - 1:21 lastly [1] - 31:16 looked [15] - 18:2, mechanics [1] - 62:3 57:14, 66:19, 76:20 job [1] - 68:5 late [3] - 42:1, 54:17, 19:20, 23:14, 23:22, MEEKS [1] - 1:13 MEMBERS [8] - 1:12, JOHN [1] - 1:22 75:12 24:12, 24:22, 25:21, Meeks [11] - 12:16, 2:15, 2:18, 2:20, joined [1] - 73:11 LaVilla [5] - 47:7, 25:25, 26:2, 26:6, 43:19, 49:10, 54:19, 15:17, 15:21, 15:23, JTA [5] - 16:7, 16:9, 47:9, 47:18, 50:10, 33:4, 36:12, 38:12, 58:5, 64:21, 67:17, 70:15 16:14, 38:11, 38:18 66:24 39:7, 55:2 68:5, 68:19, 70:13, Mental [1] - 69:5 JU [1] - 64:6 lawyers [1] - 5:3 looking [13] - 17:6, 72:17 mentioned [1] - 20:12 lay [1] - 51:16 17:20, 20:14, 29:20, Meeks' [1] - 65:21 met [5] - 14:19, 14:23, K leadership [1] - 66:16 30:5, 30:13, 30:18, meet [4] - 8:12, 13:19, 19:19, 19:20, 25:20 leads [1] - 72:17 39:9, 46:15, 59:18, 56:1, 72:22 Miami [5] - 21:21, KAREN [1] - 1:22 leaning [1] - 34:14 60:6, 61:4, 74:6 MEETING [1] - 1:3 23:23, 25:1, 26:1, Karen [1] - 49:7 least [3] - 42:20, looks [2] - 31:1, 73:25 meeting [19] - 2:5, 38:9 KAY [1] - 1:17 69:10, 69:13 loop [5] - 21:22, 17:1, 44:25, 48:10, Michigan [1] - 29:13 keep [8] - 18:11, leaving [1] - 3:14 23:23, 31:20, 31:21, 54:25, 55:1, 66:11, middle [2] - 21:23, 18:15, 28:11, 36:3, left [4] - 3:17, 51:9, 57:8 66:12, 68:5, 73:19, 29:14 36:5, 44:3, 61:18, 51:14, 66:19 LORI [1] - 1:20 73:25, 74:8, 74:9, midlife [1] - 17:22 61:22 left-hand [1] - 51:14 lose [1] - 22:11 74:13, 75:6, 75:16, might [7] - 6:1, 7:10, keeping [1] - 46:18 length [1] - 55:13 losing [4] - 71:12, 76:3, 77:13, 77:17 22:16, 31:11, 45:19, 46:13, 75:19 key [3] - 19:6, 24:13, less [8] - 7:17, 36:21, 72:2, 72:4 meetings [8] - 48:10, 35:24 36:22, 36:23, 37:10, Louisville [1] - 25:11 67:12, 68:25, 69:3, mile [1] - 23:3 kick [2] - 73:7, 73:15 37:11, 37:23, 58:24 lower [1] - 25:17 72:24, 73:4, 73:5, miles [1] - 29:3 kind [30] - 16:18, letting [1] - 16:17 76:12 million [18] - 21:12, 16:22, 17:9, 17:15, level [16] - 22:11, M member [1] - 67:8 37:17, 37:19, 37:20, 17:24, 18:9, 24:1, 23:16, 25:6, 26:16, MEMBER [93] - 2:12, 49:13, 51:16, 53:6, 27:17, 28:17, 28:20, 27:10, 27:12, 29:9, M.D [2] - 23:18, 34:25 2:13, 5:15, 5:17, 53:21, 55:25, 58:24, 29:16, 31:9, 31:17, 32:22, 34:14, 34:20, ma'am [2] - 10:11, 5:19, 5:21, 6:1, 6:5, 60:24, 61:3, 61:5, 32:11, 34:13, 37:3, 34:22, 34:25, 35:2, 11:3 6:10, 6:18, 6:20, 61:7, 61:8, 63:12, 37:7, 37:12, 37:18, 42:23, 45:24 magnitude [1] - 37:22 6:22, 7:13, 7:19, 63:13, 65:1 37:21, 45:1, 46:10, leverage [3] - 71:12, mail [1] - 67:10 7:23, 8:10, 8:15, mind [5] - 19:18, 49:9, 49:15, 51:9, 72:3, 72:4 maintain [1] - 17:25 8:19, 9:11, 9:15, 28:11, 43:7, 61:18, [1] 61:22 51:12, 51:25, 65:13, lighter [1] - 46:6 Manager - 1:21 9:19, 9:23, 10:7, [2] 10:10, 10:12, 10:15, minimize [1] - 31:8 71:2, 72:11 limit [1] - 24:19 managing - 56:17, 10:23, 11:1, 11:4, minimum [1] - 61:5 KLEMENT [2] - 1:21, limits [1] - 24:17 57:7 [1] 12:13, 12:15, 12:18, minute [1] - 61:13 66:7 limo [1] - 25:18 manual - 4:15 [1] 12:23, 13:2, 13:5, minutes [8] - 2:6, 2:7, knowledge [1] - 45:4 line [2] - 10:22, 36:7 map - 23:2 [1] 13:10, 13:14, 13:17, 2:8, 2:9, 2:10, 2:17, knows [1] - 8:2 lines [1] - 36:8 MARC - 1:16 [7] 15:2, 15:4, 32:14, 20:7, 44:15 list [1] - 21:2 March - 48:4, 48:20, 49:1, 54:17, 33:25, 34:9, 34:11, missed [1] - 44:18 L litigation [1] - 48:22 70:19, 70:20, 74:8 35:12, 35:15, 35:18, mobility [1] - 19:7 live [4] - 14:19, 14:23, lack [4] - 14:12, 45:2, 35:21, 36:11, 36:15, 19:5, 40:25 march [1] - 70:22 modernize [2] - 18:11, 45:4, 56:23 Marco [7] - 21:8, 37:25, 39:6, 39:12, 18:15 LLC [1] - 2:22 land [1] - 5:1 23:19, 34:23, 40:6, 40:9, 40:13, 40:17, modifications [2] - loading [1] - 41:2 landscaping [5] - 9:5, 41:17, 43:2, 46:9 40:24, 41:9, 41:21, 24:20, 26:5 loan [3] - 48:12, 58:15 9:20, 10:2, 11:20, market [1] - 64:19 43:12, 43:15, 43:18, modified [1] - 26:1 Local [1] - 28:15 13:12 Market [1] - 21:4 43:22, 57:17, 57:21, modify [2] - 24:18, local [1] - 48:11 57:23, 57:25, 58:11, lane [3] - 25:19, 31:5, Maryland [1] - 28:15 36:7 located [1] - 12:10 58:13, 59:1, 60:3, 31:7 master [2] - 4:14, money [10] - 50:18, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:22:19 PM (904Page )6821 to 6- of0300 11 26 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 7

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27:8, 30:6, Office [1] - 1:22 25:23, 26:9, 33:3 MOODY [9] - 1:16, multi-vehicle [1] - 35:25, 52:7, 53:18, officer [1] - 57:15 order [3] - 4:13, 4:23, 12:13, 15:2, 33:25, 26:19 54:22, 54:23, 55:1, Officer [2] - 1:19, 47:3 37:22 40:24, 58:11, 64:17, multifamily [2] - 3:19, 55:15, 56:2, 63:23, offices [1] - 41:1 ordinance [1] - 10:6 74:19, 75:15 4:9 64:3, 66:24, 74:9 official [2] - 14:9, organization [2] - Moody [1] - 40:22 multiple [1] - 26:19 nice [4] - 41:7, 67:4, 14:21 43:17, 64:11 moody [2] - 12:12, multiuse [4] - 8:25, 68:16, 76:19 oftentimes [1] - 70:9 oriented [1] - 45:7 58:10 9:2, 9:25, 13:11 night [1] - 44:25 old [5] - 35:16, 67:15, Orlando [1] - 25:18 morning [3] - 74:17, nine [3] - 73:22, 76:19, 67:16, 70:14, 71:2 Osborn [1] - 66:25 74:23, 75:8 N 76:25 Oliver [2] - 44:2, 60:4 otherwise [1] - 48:23 most [6] - 20:24, nobody [1] - 57:5 OLIVER [1] - 1:14 outreach [1] - 19:22 nailed [1] - 73:24 26:15, 26:22, 33:21, nontraditional [1] - Olli [1] - 28:14 outside [2] - 23:8, name [3] - 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1:9 30:16, 31:4, 35:8, owners [4] - 24:6, 37:8, 37:22, 42:15, movers [1] - 39:5 note [2] - 51:18, 51:23 37:21, 38:21, 41:9, 56:4, 56:20, 56:25 45:9, 52:23, 52:24, moving [6] - 8:21, notes [2] - 46:15, 42:18, 42:24, 44:23, ownership [1] - 24:8 17:7, 48:23, 66:5, 53:12, 55:15, 59:19, 78:11 45:15, 45:18, 51:13, 62:8, 63:5, 63:22, 73:5, 76:6 nothing [4] - 12:18, 52:18, 53:9, 54:6, 64:2, 64:13, 65:24, P MR [96] - 2:25, 3:1, 43:22, 51:1, 60:25 57:11, 59:9, 66:14, 68:8, 68:12, 68:18, 6:24, 7:3, 7:14, 7:22, notice [2] - 53:25, 69:8, 69:10, 69:25, p.m [4] - 1:7, 2:2, 68:24, 75:1 8:9, 8:12, 8:18, 9:4, 54:8 72:8, 73:15, 73:17, 66:11, 77:20 needed [6] - 17:23, 9:14, 9:18, 10:3, notion [1] - 69:13 74:14, 75:24, 76:5 packages [1] - 67:10 19:24, 46:7, 56:21, 10:9, 10:11, 10:14, number [8] - 3:5, 21:1, one's [1] - 59:2 PADGETT [11] - 1:16, 59:19, 62:16 10:19, 10:24, 11:3, 33:9, 38:7, 53:4, one-of-a-kind [1] - 5:17, 34:11, 35:12, needs [6] - 18:21, 11:16, 11:23, 11:25, 55:6, 61:7 17:24 35:15, 35:18, 35:21, 19:2, 20:9, 61:21, 12:2, 12:6, 14:3, numbers [3] - 55:4, ongoing [1] - 36:22 36:11, 36:15, 57:21, 65:4, 65:5 14:8, 14:13, 14:16, 55:23, 65:1 online [1] - 54:5 74:20 negotiate [2] - 62:20, 15:14, 16:9, 16:16, open [1] - 2:4 Padgett [4] - 5:16, 62:25 32:17, 34:3, 34:16, O operate [3] - 22:18, 34:10, 57:20, 75:3 negotiated [1] - 59:9 35:14, 35:17, 35:19, 26:15, 34:19 page [3] - 6:17, 6:21, negotiating [2] - 35:23, 36:13, 36:17, o'clock [2] - 75:11, operating [5] - 26:19, 44:4 50:12, 53:10 37:11, 38:20, 39:7, 76:15 36:21, 51:16, 52:6, Page [8] - 5:23, 5:24, negotiations [1] - 39:20, 40:11, 40:16, obvious [1] - 58:14 53:22 6:8, 6:23, 6:25, 7:24, 61:12 40:18, 41:20, 42:2, obviously [5] - 24:4, operational [2] - 12:21 negotiator [1] - 61:13 43:14, 43:16, 43:25, 24:23, 30:7, 36:19, 26:17, 30:13 Pages [1] - 3:25 44:7, 44:12, 44:20, neighborhoods [5] - 42:2 opine [1] - 44:5 paid [2] - 51:22, 57:5 46:25, 47:5, 47:9, 22:10, 23:6, 23:8, occasionally [1] - opinion [1] - 19:22 palate [1] - 5:7 47:15, 49:4, 49:7, 27:2, 40:1 72:25 opportunities [2] - panic [1] - 53:13 50:16, 50:17, 52:16, Netherlands [1] - occasions [1] - 76:24 30:15, 39:17 paper [1] - 3:5 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 27 of 31 sheets (904Page )7821 to 7- of0300 11 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 8

Paragraph [2] - 7:25, pencil [1] - 3:4 point [10] - 8:3, 22:24, 32:24, 33:11, 33:23, 26:3, 36:19, 71:24, 8:4 pending [1] - 62:9 29:1, 35:7, 41:25, 48:25, 51:8, 53:1, 72:1 paragraph [2] - 8:24, people [15] - 8:2, 19:3, 58:13, 62:22, 68:12, 57:4, 63:4, 73:10 40:14 19:5, 20:6, 20:19, 75:23 produced [1] - 28:14 Q park [2] - 19:4, 41:5 28:8, 38:16, 39:5, point-to-point [1] - professional [1] - 50:2 Park [2] - 29:23, 31:3 45:1, 45:18, 69:8, 22:24 Professional [3] - quarter [8] - 23:3, parkers [1] - 19:3 69:11, 70:1, 70:11, Points [2] - 21:3, 42:5 50:7, 78:7, 78:18 49:16, 49:17, 49:18, parking [7] - 18:21, 73:23 policy [2] - 17:17, program [8] - 17:7, 49:21, 49:23 50:24, 55:5, 55:25, per [3] - 10:5, 45:20, 18:10 18:13, 31:22, 31:25, quarter-mile [1] - 23:3 60:6, 65:1, 65:18 56:9 political [2] - 59:18, 32:21, 52:15, 52:16, questioned [1] - 18:1 PAROLA [24] - 1:21, perhaps [1] - 70:6 64:24 63:9 questions [8] - 5:10, 3:1, 6:24, 7:3, 7:14, peripheral [2] - 18:20, poll [1] - 66:3 Program [1] - 30:10 5:14, 5:17, 5:22, 7:22, 8:9, 8:12, 8:18, 19:3 pool [1] - 3:10 programs [1] - 42:22 16:23, 32:5, 55:12, 9:4, 9:14, 9:18, 10:3, permit [1] - 7:11 pops [1] - 76:2 progress [1] - 49:6 57:15 10:9, 10:11, 10:14, perpetuity [1] - 5:3 popular [1] - 69:22 project [18] - 3:3, 3:13, quick [4] - 41:9, 47:7, 10:19, 10:24, 11:3, person [2] - 69:5, portions [2] - 5:7, 66:8 17:6, 17:11, 32:19, 47:17, 65:12 14:3, 14:8, 14:13, 69:16 position [4] - 42:19, 32:20, 32:22, 33:5, quickly [2] - 27:23, 14:16, 15:14 personal [1] - 28:6 42:24, 71:12, 72:2 51:25, 53:9, 54:7, 48:6 Parola [4] - 2:25, perspective [3] - possible [1] - 24:18 59:9, 59:10, 66:9, quite [1] - 44:24 11:18, 13:18, 13:23 72:12, 72:19, 77:1 possibly [1] - 77:7 67:4, 71:6, 73:20, quorum [1] - 76:20 part [7] - 10:5, 19:7, phase [3] - 35:25, potential [3] - 36:12, 74:10 35:25, 40:3, 66:19, 66:24, 67:1 45:4, 59:23 projecting [1] - 53:5 R 73:3, 76:2 Phase [5] - 3:10, 3:15, pots [1] - 60:12 projections [1] - 52:1 radius [1] - 23:4 participant [1] - 18:7 3:19, 3:20, 4:9 pouring [1] - 47:24 projects [9] - 17:8, railroad [1] - 11:15 participate [1] - 67:8 phases [1] - 35:9 power [2] - 25:6, 30:3, 42:20, 53:8, ran [1] - 55:18 particular [10] - 49:22, phasing [2] - 32:25, 25:12 60:8, 60:14, 61:20, range [3] - 17:14, 51:24, 62:19, 68:4, 52:8 powered [1] - 25:13 62:9, 64:8 33:7, 37:3 68:15, 69:18, 73:20, Philadelphia [1] - practical [4] - 34:24, proper [1] - 7:20 74:5, 74:10, 77:12 38:10 39:8, 39:24, 40:5 property [2] - 10:21, rapid [1] - 28:6 rate [1] - 55:2 parties [2] - 48:22, phone [1] - 69:2 prefer [2] - 73:9, 75:8 24:6 re [2] - 30:21, 31:12 68:13 physical [1] - 7:17 preference [1] - 41:22 proposed [1] - 51:23 re-envision [1] - 30:21 partner [2] - 19:21, piece [2] - 62:25, 68:4 preferred [1] - 17:4 proposing [1] - 34:11 re-envisioning [1] - 43:3 piggyback [1] - 60:4 present [2] - 16:17, provided [2] - 51:5, 31:12 parts [1] - 17:25 pike [1] - 62:8 75:2 66:17 reach [2] - 23:13, 40:1 party [3] - 55:7, 55:11, place [3] - 14:15, PRESENT [2] - 1:12, providers [2] - 68:1, 56:4 27:18, 27:19 1:18 68:6 reached [1] - 20:12 reaching [1] - 17:22 passed [2] - 46:20, places [6] - 26:25, Presentation [1] - providing [3] - 12:7, 49:8 31:10, 39:9, 39:23, 16:15 54:3, 70:3 read [2] - 6:24, 16:19 ready [2] - 51:6, 76:5 passionate [1] - 44:24 40:12, 46:9 Presentations [1] - PRT [2] - 26:3, 26:10 past [5] - 17:22, 18:14, plan [4] - 17:14, 19:19, 16:14 Prudential [1] - 4:24 real [6] - 23:14, 40:18, 38:15, 56:18, 71:3 41:24, 66:24 President [1] - 1:20 Public [1] - 1:9 58:19, 61:12, 65:12, 73:9 path [11] - 3:22, 9:2, planned [2] - 38:4, pretty [3] - 23:16, public [13] - 5:1, 9:10, 9:5, 9:10, 9:16, 9:21, 48:19 32:7, 36:16 12:7, 15:16, 19:22, realizes [1] - 68:24 reallocated [1] - 62:2 9:25, 11:8, 12:8, plans [1] - 42:7 previous [1] - 3:16 20:16, 24:8, 47:12, really [41] - 9:9, 17:16, 13:11, 18:9 platform [1] - 36:8 previously [1] - 3:2 68:3, 68:4, 68:24, [1] 17:20, 18:16, 19:10, patients - 70:4 platoon [1] - 26:21 price [1] - 45:20 69:10, 77:15 21:6, 21:23, 22:4, patio [2] - 11:5, 11:20 play [3] - 52:22, 62:24, primary [1] - 71:17 public-type [1] - 68:24 24:5, 24:16, 25:22, patios [1] - 11:22 68:3 Prime [1] - 66:25 purchased [1] - 34:1 [1] 26:10, 27:14, 28:20, patterns - 41:23 pleased [1] - 70:8 printing [1] - 28:19 purposes [2] - 20:9, [1] 29:6, 30:23, 30:24, pay - 60:18 plentiful [1] - 63:24 priority [1] - 43:7 51:5 32:23, 33:3, 33:10, paying [2] - 54:1, 55:4 plenty [1] - 61:20 problem [4] - 9:8, pursue [2] - 4:4, 26:12 35:8, 36:3, 37:4, payment [9] - 52:20, plug [1] - 61:21 11:17, 45:13, 57:18 purview [1] - 10:5 37:5, 38:3, 39:8, 52:22, 54:2, 54:6, plugged [2] - 68:18, proceed [3] - 30:8, push [1] - 62:17 40:7, 41:4, 41:6, 55:19, 57:4, 58:5, 68:19 31:12, 33:12 pushback [1] - 70:10 63:8, 63:13 51:9, 57:3, 58:7, pod [2] - 45:18, 45:20 proceeded [1] - 19:18 put [11] - 3:4, 17:14, peak [2] - 22:21 58:16, 60:13, 61:1, podium [5] - 11:12, proceedings [2] - 25:23, 35:19, 46:3, 63:5, 65:24, 70:10, pedestrian [1] - 31:20 16:12, 44:17, 47:13, 77:19, 78:9 48:15, 51:19, 52:5, 71:22, 72:4, 76:19 pedestrians [1] - 48:4 Proceedings [1] - 1:6 52:23, 53:7, 60:15 [2] 31:18 [2] reason - 26:14, pods [3] - 45:16, process [10] - 17:20, puts - 3:9, 71:11 63:6 peer [1] - 19:20 45:19, 46:3 putting [5] - 25:25, Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:22:19 PM (904Page )8821 to 8- of0300 11 28 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 9

receive [1] - 7:10 requires [2] - 10:6, 50:17, 53:23 53:3, 53:20, 55:23, 30:4 receiving [1] - 67:6 15:13 Riverwalk [8] - 4:24, 58:15, 60:17, 66:1, simple [2] - 72:23, recently [1] - 76:23 rescinds [1] - 3:9 4:25, 5:5, 5:8, 10:17, 68:16 73:4 recognize [1] - 71:16 residences [3] - 45:7, 10:24, 11:19, 12:9 seeing [2] - 22:23, simply [4] - 4:15, 23:7, recommendation [2] - 45:9, 45:11 Rivium [2] - 29:23, 41:24 23:9, 39:21 26:11, 30:9 residential [1] - 21:17 31:3 seem [3] - 72:8, 72:9, single [6] - 26:18, recommendations [1] resistance [1] - 46:12 Road [1] - 47:16 76:21 28:22, 28:23, 31:5, - 16:20 resistant [1] - 26:25 road [6] - 17:12, self [1] - 23:16 31:7, 55:6 recommending [1] - Resolution [3] - 2:21, 30:17, 30:18, 33:13, self-evident [1] - singles [1] - 64:11 4:2 3:25, 6:25 50:9, 50:17 23:16 sit [1] - 64:8 reconciliation [1] - resolution [7] - 3:8, Rochelle [1] - 44:22 sense [3] - 17:9, 31:2, sits [1] - 24:16 66:18 3:16, 5:23, 5:24, 6:4, rocket [2] - 46:19, 33:21 situated [1] - 27:6 reconfigure [1] - 37:6 6:19, 74:14 59:20 sensitive [1] - 22:9 situations [1] - 71:5 record [1] - 78:10 Resource [1] - 69:6 role [2] - 18:17, 68:4 sensitivities [2] - six [2] - 17:13, 20:5 Redevelopment [2] - resources [1] - 59:22 rolled [3] - 53:19, 64:24, 65:3 Skyway [19] - 16:8, 1:20, 1:21 respond [2] - 22:15, 53:23, 54:7 separate [1] - 25:18 16:9, 16:14, 17:5, referenced [1] - 6:6 61:24 RON [1] - 1:16 separated [1] - 25:8 18:4, 18:12, 18:17, referencing [1] - 10:20 response [5] - 2:15, roughly [1] - 53:21 September [4] - 50:14, 18:19, 21:12, 28:22, referring [1] - 11:6 2:20, 15:17, 15:23, round [1] - 64:25 50:18, 52:24, 52:25 31:14, 31:21, 31:25, reflect [2] - 5:6, 9:7 70:15 rowing [2] - 68:13 series [1] - 17:7 39:19, 41:2, 44:9, reflected [2] - 14:5, rest [1] - 4:21 rules [1] - 60:13 serve [3] - 18:20, 44:24, 46:2, 46:3 20:22 restrictive [1] - 60:11 run [2] - 42:14, 64:9 18:23, 20:9 slow [3] - 29:6, 49:25, regard [3] - 8:14, restricts [1] - 60:13 running [1] - 29:24 service [3] - 21:19, 50:19 54:13, 54:19 resubmitted [1] - runs [1] - 37:18 29:25, 60:24 small [2] - 28:9, 28:10 regards [7] - 54:15, 48:17 Ryan [3] - 47:6, 47:14, services [3] - 50:2, smaller [9] - 22:17, 56:25, 62:14, 62:24, result [1] - 18:10 47:16 50:24, 70:2 28:7, 28:21, 29:2, 67:20, 67:21, 68:2 retail [1] - 21:18 Services [1] - 50:7 29:19, 37:21, 45:16, Regional [1] - 66:23 rethink [1] - 30:25 S serving [1] - 19:2 46:1, 46:6 regular [1] - 73:24 retrofit [2] - 35:22, set [3] - 26:8, 26:20, so-called [1] - 55:7 related [3] - 55:7, 46:4 San [7] - 21:8, 23:19, 75:6 someone [2] - 44:16, 55:11, 56:4 REV [3] - 51:20, 53:23, 34:23, 40:6, 41:17, setting [4] - 22:1, 57:6 relevancy [1] - 64:14 71:14 43:2, 46:9 27:15, 27:16, 29:7 sometimes [3] - 6:10, reliability [3] - 22:7, revenue [2] - 58:21, satisfied [1] - 13:3 settle [1] - 62:3 6:12, 72:8 22:8, 22:11 65:18 satisfy [1] - 14:11 seven [2] - 75:3, 75:5 somewhere [2] - relocation [1] - 67:1 revenues [3] - 51:23, saw [9] - 21:3, 21:10, several [2] - 56:8, 69:9 52:23, 75:10 remaining [2] - 3:12, 53:21, 60:6 21:22, 23:1, 23:23, SF [1] - 51:13 soon [3] - 30:4, 32:14, 3:18 Review [1] - 10:4 42:6, 66:9, 66:15 shape [1] - 20:1 76:22 remember [6] - 10:18, revitalizing [2] - SAWYER [1] - 1:22 share [8] - 17:2, soon-to-be [1] - 76:22 48:1, 48:9, 56:7, 69:24, 70:7 say-so [1] - 61:15 27:22, 29:21, 30:16, sooner [1] - 42:2 64:6, 72:24 RFA [1] - 48:23 scale [1] - 53:9 38:13, 40:9, 54:20, sorry [7] - 12:2, 44:13, remote [1] - 27:14 RFP [1] - 50:3 schedule [3] - 55:19, 54:22 44:19, 47:10, 50:10, removing [1] - 26:2 ridership [1] - 42:13 58:6, 66:2 sharing [1] - 43:17 53:17, 70:16 rep [1] - 77:8 right-hand [1] - 30:23 science [1] - 46:20 shed [1] - 23:4 Sorry [1] - 70:22 Repair [1] - 30:10 right-of-way [2] - scientist [1] - 59:21 sheet [2] - 53:18, 65:2 sort [11] - 17:2, 23:12, repayment [1] - 52:17 34:6, 46:1 scope [1] - 50:24 shipyard [1] - 70:19 25:22, 26:20, 31:24, report [6] - 6:7, 16:7, right-of-ways [1] - scrapping [2] - 39:11, Short [1] - 69:7 32:21, 32:25, 33:20, 47:3, 54:12, 56:14, 34:1 39:13 shorter [1] - 22:2 42:13, 69:17 78:9 Rights [1] - 2:23 scrivener [1] - 8:13 show [2] - 28:11, sound [1] - 43:13 REPORTER [1] - 78:1 rights [10] - 3:10, 3:12, second [6] - 2:13, 31:16 sounds [3] - 34:14, Reporter [2] - 78:8, 3:15, 3:17, 3:18, 4:4, 15:1, 15:2, 15:19, shows [2] - 20:7, 23:2 41:13, 43:12 78:18 4:7, 8:5, 71:6, 71:14 49:16, 66:22 side [8] - 4:6, 6:3, 9:6, source [1] - 58:21 reports [1] - 16:20 rigid [1] - 19:12 secondhand [1] - 3:11 9:16, 9:22, 11:15, south [1] - 34:22 represent [2] - 7:16, River [3] - 3:23, 4:11, sections [1] - 6:16 13:12, 51:20 Southbank [8] - 2:22, 7:17 40:17 see [28] - 2:9, 19:25, sidings [1] - 31:7 3:19, 5:8, 24:1, request [1] - 47:12 river [3] - 4:7, 23:25, 20:22, 23:5, 23:11, sign [2] - 2:19, 15:22 40:25, 43:1, 53:17, requested [2] - 56:18, 31:17 24:14, 24:15, 25:1, significant [3] - 37:1, 59:7 56:22 Riverplace [1] - 50:9 25:9, 25:17, 27:5, 59:7, 62:10 Southside [2] - 51:10, require [2] - 10:1, 26:4 Riverside [9] - 21:4, 29:4, 39:4, 40:4, significantly [1] - 51:13 required [1] - 56:9 21:6, 23:17, 30:19, 44:10, 48:8, 49:5, 62:11 spans [1] - 46:8 35:1, 41:16, 50:16, 49:24, 51:14, 52:8, similar [2] - 25:23, speaker [1] - 44:9 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 29 of 31 sheets (904Page )9821 to 9- of0300 11 01/26/2017 05:22:19 PM City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 10

speed [1] - 29:10 strategy [5] - 19:4, tech [1] - 38:22 third-generation [1] - 28:23, 28:24, 34:12, spend [5] - 49:25, 19:8, 50:11, 61:23, technology [12] - 30:2 34:23 50:13, 50:18, 60:12 68:2 17:4, 18:2, 26:7, Thoburn [1] - 16:12 trains [1] - 20:5 spending [1] - 49:21 street [3] - 26:16, 26:12, 27:18, 28:12, THOBURN [23] - transactions [3] - spent [1] - 21:12 50:3, 50:22 28:19, 29:19, 30:12, 16:16, 32:17, 34:3, 55:8, 55:11, 56:4 spite [1] - 49:1 Street [6] - 1:8, 30:20, 38:25, 39:4, 39:5 34:16, 35:14, 35:17, transcript [2] - 16:4, splitting [1] - 21:5 30:22, 31:10, 35:3, ten [2] - 20:5, 27:8 35:19, 35:23, 36:13, 78:10 sports [6] - 20:24, 44:22 term [6] - 7:11, 7:16, 36:17, 37:11, 38:20, transit [10] - 23:5, 21:1, 21:6, 23:17, streetcar [1] - 25:15 7:20, 8:11, 14:1, 39:7, 39:20, 40:11, 25:19, 27:24, 28:6, 24:2, 42:5 striking [1] - 59:14 14:2 40:16, 40:18, 41:20, 31:18, 31:20, 38:6, Springfield [6] - 21:8, strong [1] - 21:8 terminate [1] - 62:18 42:2, 43:14, 43:16, 39:18, 45:5, 45:7 23:19, 35:5, 40:6, structural [1] - 37:8 terms [12] - 4:7, 13:21, 43:25, 44:7 transit-oriented [1] - 42:11, 43:2 structure [3] - 19:15, 16:20, 20:17, 25:2, thousand [3] - 4:19, 45:7 stabilizes [1] - 58:18 24:14, 27:1 51:2, 51:19, 53:8, 52:9, 55:10 transition [5] - 30:11, staff [6] - 6:7, 6:11, stuck [1] - 19:12 54:2, 56:9, 69:22, three [11] - 6:15, 6:16, 30:14, 31:24, 34:17, 8:7, 9:7, 58:2, 72:14 study [2] - 4:12, 50:24 73:18 25:22, 44:15, 45:18, 35:4 stakeholders [1] - stuff [2] - 37:7, 46:9 Tesla [1] - 28:2 45:19, 54:16, 61:3, Transportation [1] - 19:21 subject [5] - 52:2, THE [106] - 2:4, 2:14, 63:23, 76:13, 76:22 66:23 standard [1] - 17:10 65:3, 65:5, 69:11, 2:16, 2:19, 2:21, throw [2] - 59:22, 72:6 transportation [4] - standards [1] - 50:3 69:14 5:12, 5:16, 5:18, throwing [2] - 33:9, 20:14, 23:10, 34:15, standpoint [6] - 18:10, substantial [2] - 26:4, 5:20, 5:24, 6:3, 6:9, 59:16 67:3 19:11, 31:20, 33:2, 55:4 6:14, 6:19, 6:21, 7:2, TID [1] - 51:10 trend [1] - 49:25 51:3, 73:19 successful [2] - 9:21, 10:18, 11:5, tie [2] - 33:17, 65:14 tried [3] - 14:20, stands [1] - 31:22 48:14, 64:10 11:13, 11:21, 11:24, TIF [4] - 51:11, 53:20, 46:13, 63:7 start [14] - 19:13, 33:8, sufficient [1] - 37:7 12:1, 12:4, 12:11, 62:16, 62:18 triples [1] - 64:11 39:15, 44:16, 49:25, suited [1] - 65:19 12:14, 12:16, 12:17, TIFs [4] - 53:19, 54:13, trips [2] - 4:15, 22:2 50:19, 51:24, 52:8, supplementing [1] - 12:19, 12:25, 13:3, 54:16, 57:11 Tropia [3] - 1:9, 78:7, 54:1, 63:22, 64:2, 39:14 13:9, 13:13, 13:16, timelines [1] - 32:23 78:18 65:25, 75:12, 76:11 support [4] - 19:4, 14:6, 14:10, 14:14, timer [1] - 44:16 true [2] - 28:10, 78:10 started [5] - 12:24, 19:5, 19:10, 46:7 14:24, 14:25, 15:1, timing [6] - 32:17, trust [1] - 77:13 15:3, 15:6, 15:8, 17:19, 29:24, 47:24, surplus [1] - 59:8 32:18, 72:1, 72:21, Trust [1] - 58:23 15:10, 15:15, 15:18, 77:4 survey [1] - 20:16 72:23, 73:6 try [8] - 16:25, 51:25, 15:22, 15:24, 16:11, starting [5] - 5:13, surveys [2] - 19:23, today [14] - 9:1, 17:10, 62:20, 62:25, 66:1, 5:23, 48:25, 51:21, 41:16 16:13, 32:10, 33:24, 20:4, 23:3, 24:14, 73:23, 76:4, 76:10 34:8, 34:10, 37:10, 64:1 system [35] - 17:3, 27:8, 31:21, 37:15, trying [5] - 9:9, 62:18, 37:24, 40:21, 43:19, State [3] - 1:9, 30:10, 18:23, 19:12, 19:19, 38:2, 38:5, 39:11, 64:5, 64:6, 71:19 43:20, 43:23, 44:1, 63:7 20:3, 20:4, 20:8, 41:10, 51:3, 65:4 tune [1] - 55:24 44:8, 44:13, 44:18, state [2] - 9:1, 42:21 20:10, 20:23, 21:10, together [4] - 22:20, turn [2] - 6:21, 68:22 46:23, 47:1, 47:8, STATE [1] - 78:3 21:22, 22:6, 22:7, 53:19, 59:11, 71:15 turned [1] - 56:7 47:11, 47:14, 49:3, statement [1] - 60:10 22:14, 23:1, 23:10, TOM [1] - 1:20 two [23] - 17:19, 20:5, 49:5, 54:23, 57:14, statements [5] - 23:13, 23:21, 24:10, Tom [1] - 8:12 20:6, 21:7, 28:23, 57:20, 57:22, 57:24, 54:20, 55:3, 55:21, 24:24, 25:3, 25:14, tomorrow [1] - 66:11 28:24, 41:17, 45:19, 58:9, 58:12, 59:25, 56:8, 56:12 25:18, 26:3, 26:13, tons [1] - 47:22 47:18, 48:10, 48:18, 60:21, 63:1, 64:20, States [1] - 29:17 30:15, 36:21, 39:11, took [2] - 47:22, 66:16 51:5, 51:7, 53:19, 64:22, 65:6, 65:10, station [1] - 36:8 39:13, 39:14, 40:2, top [2] - 49:9, 51:14 54:15, 54:16, 55:10, 66:5, 67:14, 68:16, stations [2] - 25:13, 40:8, 41:8, 45:5, topic [3] - 38:12, 56:3, 58:24, 66:13, 68:20, 70:13, 70:16, 45:11 67:3 67:20, 71:21 69:3, 69:11, 76:3 70:20, 70:22, 70:25, stay [1] - 45:17 systems [2] - 18:25, total [2] - 49:13, 53:21 two-car [4] - 20:5, 72:20, 73:12, 73:16, stenographic [1] - 19:20 totality [1] - 37:13 20:6, 28:23, 28:24 74:12, 74:22, 74:25, 78:11 touched [1] - 20:12 type [4] - 20:8, 25:25, 75:19, 75:23, 76:17, stenographically [1] - tough [2] - 74:1, 76:1 64:8, 68:24 T 76:18, 77:4, 77:14 78:9 toward [1] - 34:14 types [1] - 18:25 themes [1] - 21:7 step [1] - 44:14 table [2] - 52:7, 74:10 towards [1] - 63:10 typical [1] - 17:11 themselves [1] - 36:20 steps [3] - 17:5, 30:6, tabled [2] - 73:20, town [1] - 75:10 typically [1] - 23:4 they've [4] - 30:2, 56:3 74:15 townhome [1] - 11:22 56:21, 61:20, 67:4 still [9] - 3:17, 10:21, tack [1] - 72:16 track [2] - 34:24, 35:6 thinking [7] - 39:13, U 12:21, 27:11, 37:10, takeaway [1] - 21:20 traditional [2] - 25:14, 39:14, 43:6, 53:13, 37:23, 48:6, 50:11, talks [4] - 6:5, 8:24, 42:21 U2C [1] - 31:22 63:19, 63:23, 72:16 64:19 38:6, 40:14 traffic [2] - 4:12, 25:7 UF [1] - 23:20 third [2] - 30:2, 49:16 story [1] - 48:1 target [1] - 48:6 train [6] - 20:6, 26:20, Ultimate [1] - 31:23 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 01/26/2017 05:22:19 PM (Page904 10) 821 to 10-0300 of 11 30 of 31 sheets City of Jacksonville January 18, 2017 Downtown Investment Authority Uncertified Condensed Copy 11

ultimate [1] - 32:1 18:3, 19:16, 22:17, weeds [1] - 63:16 ultraconservative [1] 22:18, 24:20, 26:18, week [3] - 74:1, 74:5, - 61:6 26:19, 27:25, 28:4, 77:16 unallocated [3] - 53:4, 31:6, 33:17, 34:18, weekends [1] - 20:21 54:9, 59:13 36:20, 37:13, 46:2, weeks [1] - 76:3 under [4] - 16:14, 46:14 weigh [2] - 41:22, 42:1 26:3, 49:22, 50:13 vendors [2] - 25:20, well-situated [1] - understood [1] - 38:21 27:6 13:23 Ventures [3] - 2:22, well-utilized [1] - UNDERWOOD [1] - 51:19, 66:14 30:25 1:22 versus [2] - 21:25, west [1] - 43:8 unique [2] - 27:5, 43:3 37:18 wheel [2] - 27:12, United [1] - 29:17 Vestcor [2] - 47:6, 27:13 units [5] - 3:2, 3:9, 64:5 whereas [2] - 3:15, 3:14, 3:19, 10:22 VICE [8] - 12:17, 6:15 University [1] - 29:13 14:25, 15:8, 43:20, whole [1] - 45:24 unless [1] - 24:17 54:23, 64:22, 68:20, wide [2] - 30:23, 30:24 unnoticed [1] - 68:8 76:18 widen [1] - 17:12 unobtrusively [1] - Vice [2] - 1:13, 49:9 WILLIAMS [5] - 1:17, 46:11 videos [1] - 29:5 12:18, 13:17, 43:22, unused [2] - 4:7, 8:4 view [1] - 43:17 65:8 unveil [1] - 30:4 virtually [1] - 26:21 Williams [2] - 13:16, up [21] - 4:3, 16:13, vision [3] - 17:3, 19:2, 65:7 20:7, 23:19, 23:24, 19:10 wind [1] - 46:11 26:11, 35:4, 36:7, visit [1] - 29:18 wish [1] - 3:22 36:8, 36:25, 45:19, visual [1] - 30:16 wonder [2] - 38:18, 46:12, 48:6, 50:7, volunteered [1] - 71:10 50:20, 54:22, 68:1, 67:19 wondering [1] - 59:6 72:12, 75:20, 76:2, votes [1] - 21:5 words [1] - 5:4 76:6 workload [1] - 74:6 Update [1] - 16:15 W works [1] - 69:5 update [4] - 16:18, workshop [6] - 65:16, 47:17, 48:9, 66:6 wait [3] - 64:9, 76:9, 66:2, 71:20, 72:17, upper [1] - 25:10 77:15 73:9, 73:10 waiting [1] - 77:16 urban [2] - 22:1, 23:10 workshops [1] - 69:10 walk [2] - 14:18, 23:4 Urban [1] - 31:23 worms [1] - 45:25 walk-shed [1] - 23:4 utilize [2] - 24:9, 34:5 worthiness [1] - 36:2 wall [1] - 36:2 utilized [3] - 21:11, wow [1] - 32:10 WALLACE [38] - 1:19, 30:25, 38:7 write [1] - 14:4 2:25, 16:9, 47:5, V 47:9, 49:7, 50:17, Y 52:16, 52:21, 56:16,

valid [1] - 14:17 57:19, 58:25, 59:24, y'all [1] - 48:10 various [1] - 68:6 60:1, 60:20, 60:22, year [12] - 50:14, Vegas [2] - 29:14, 62:5, 62:12, 63:3, 50:21, 51:15, 51:21, 29:15 63:17, 63:21, 64:2, 51:24, 52:12, 53:25, vehicle [32] - 17:24, 66:3, 67:17, 70:24, 58:17, 63:7, 64:3 21:14, 24:11, 24:16, 73:7, 73:13, 73:17, years [8] - 17:19, 27:9, 24:17, 25:21, 25:22, 74:18, 75:2, 75:11, 55:10, 56:8, 59:12, 25:23, 25:25, 26:1, 75:14, 75:17, 75:22, 63:23, 63:25, 76:22 75:25, 76:16, 77:9, 26:6, 26:19, 27:18, yesterday [2] - 49:10, 28:7, 28:8, 28:16, 77:12 55:17 Wallace [6] - 2:24, 28:22, 28:23, 29:3, York [1] - 38:8 29:11, 29:22, 29:25, 16:6, 18:7, 47:4, 30:2, 30:11, 35:19, 58:1, 59:25 Z 36:5, 36:9, 36:20, Wallace's [1] - 66:18 37:15, 37:17, 37:20, walls [1] - 37:6 zero [2] - 3:14, 25:10 46:6 Watson [1] - 28:16 Zone [1] - 69:7 vehicle's [1] - 29:5 ways [1] - 34:1 vehicles [18] - 17:21, Wednesday [1] - 1:6 Diane M. Tropia, Inc., P.O. Box 2375, Jacksonville, FL 32203 31 of 31 sheets (Page904 11) 821 to 11-0300 of 11 01/26/2017 05:22:19 PM