Okay, everyone, I'm gonna call this work session to order.

Today is Friday, August 7th.

Um, we are noticed from 1150 to 1250, and then we will have one work session after this.

Um, today we are here to talk about AIM uh 103 2026, which is the follow-up to resolution AR 2026 73, and we will be discussing a presentation uh regarding fully exempt real property um and the request that was made by resolution earlier in the year.

So we'll start with member introductions and we'll get into it.

George Martinez.

Janice Park.

Sydney Scal, Anna Brawley.

Um, and then I'll also note I know there's a few members around, um, so I'll just uh announce them as when they are arriving.

We are also joined by assembly council uh members of the administration who will speak uh in a minute, uh, a couple members of the public.

And um yeah, so I think we'll go from there.

So we have a presentation up on the screen and uh um the memo itself.

So I will turn it to Mr.

Thurn and Mr.

Cadamis, whoever would like to start.

Perfect.

Well, thank you for the assembly giving us the opportunity here to talk about this uh this topic.

It just says a reminder, uh, this uh report came from uh uh uh a request from the assembly back, I believe in the March time period to have a look at the uh exemption property exemption uh uh status all the way around, and it gave 120 days to trying to get that report done.

Jack and his team have worked excessively hard over that time period to put together this report.

Um, we're only gonna cover the highlights today, but I'm sure you all have it.

It's almost 20 pages of very small font.

So there's a lot of good knowledge and good information that's that's contained in that document.

Um, as I stated today, we're going to just kind of hit the highlights, but more importantly, give you an opportunity to um ask any questions you may have as we go through that.

Um, and then we are uh going to be asking uh uh for support on a code change.

So when we get to that, we'd be more than happy to to uh go when we're going through those slides, answer any questions you may have on that topic as well.

But uh, we're excited to be here today and to and to talk about this.

Um, and as you'll see in the report, this is something that actually Jack and I have been working on since 2023.

So uh this is not something that just came up because of the uh March request.

And you're gonna see a lot of work that was done prior to that, a lot of work that's been done since uh that's happened, as well as a lot of great work and ideas that uh the department has going forward to try to uh um address this very important thing that uh you know the city deals with and uh as we go through there.

So, Jack, I'll kind of turn it over to you and then I'll just chime in.

Um, but as I stated, we've been on this for when I was when we started this when I was CFO, and uh we saw the need, and and we can certainly give some history on on where we've come from since that time period, but we know we can probably do a little bit more, and that's what we're gonna be here to talk about today.

Okay, thank you.

And I'll just note real briefly uh we were joined by Mr.

Bulland and Ms.

Baldwin Day um at 1156.

So go ahead, Mr.

Giddington.

Yeah, thank you.

So um uh Alden, thanks as well for the history.

So again, my name is Jack Adamus, I'm in the municipal assessor.

And uh throughout this, you'll see it's was and still is a collaboration between uh Alden, who is now acting in different capacity, um, as you as he mentioned as CFO, he was was um helping us with us at that time.

Uh during this presentation, if you do have any questions, we have about I believe 15 slides or so.

We're as Alden said, covering the main points.

But if you do have any questions, just ask.

I will try my best to answer it.

I may have to phone a friend, but I um not uh we'll we'll figure out your your question.

So on this first slide, moving forward with is looking at just the agenda of what I want to talk about from a high level of the report.

So the first one is talking about the resolution as well as the AIM.

What did the resolution call?

So I'll briefly talk about that.

I then want to dive into fully exempt property.

What exactly is fully exempt property versus partially exempt property, and just try to iron that out for for all of you.

I'm gonna talk about the work completed.

Alden has alluded that there was work that we have done and identified.

I want to talk and expand a little bit more about that.

Then dive into the scope of work of what we have, and from there look at what we can do to improve our process, streamlining it, doing more, doing more with less, and then get into looking at the fiscal impacts of number six, and then finally discussing recurring reviews.

Now, recurring reviews will be once we've once we have gone through the scope of work, once we've done the initial work, recurring reviews is more looking at the long run.

What kind of method are we going to look at in the long run to continue to manage these?

So also we were joined by uh Ms.

Silvers at 1158.