February 24th, 2026, Beaverton Urban Redevelopment Agency meeting to order.

Will the recorder please call the roll?

Board member Duggar.

I am here.

Uh Hassan.

Here.

Kimmy.

Here.

Chair Teter.

Here.

Tivnon.

Here.

Baby.

She is on her way in.

She'll be joining in a minute.

Hanning.

Here.

Nye.

Oh, Jennifer Nye is here.

Sorry, I'm here.

There it is.

Walton here.

Lear.

Here.

And my understanding is Hartmeyer Prague is absent tonight.

Yes, that's right.

Okay.

Well, our first item of business tonight is the executive session.

So we'll first be moving into executive session in accordance with ORS 192.6602E to conduct deliberations for persons designated by the governing body to negotiate real property transactions.

Under organ law, members of the news media are allowed to attend.

However, it is the Bureau Board's requirement that the items discussed in executive session not be disclosed by needy representatives or others.

Any action that the Bureau Board may take on items discussed in executive session will be will be taken in open session after the executive session concludes.

So we now ask that all community members and staff who are not participating in an executive session to the script says to leave council chambers, but we actually have a different Zoom link for executive session that the Bureau Board will join.

And staff, you can correct me if I'm wrong on any of that, but we can join the other link.

Other people can stay here.

Is that correct?

That is correct.

Okay, sounds good.

We will be coming back to this link after executive session uh concludes.

Thank you.

Everybody's in okay.

Uh staff, can you let me know if we've got everybody in from the attendees list or waiting room that we're waiting on?

Quick count looks like we have everyone from the Bureau Board.

Okay.

Sounds good.

Well, we are back from executive session.

Uh thank you for your patience.

Anybody who is not in executive session with us.

Um are we recording?

We are recording.

Okay.

Do I have a motion from any item discussed in executive session?

I move to authorize the executive director to sign the purchase and sale agreement with Shirley A.

Moore Trust for Property at 12905 Southwest Beaver Dam Road as discussed in executive session.

There's second.

All second.

It's been moved by board member Husson and seconded by Vice Chair Lair.

Is there any discussion?

Uh do I allow discussion here since it was executive session?

Any discussion on the motion?

No.

Okay.

Recorder, can you please call the roll?

Council member uh board member Duggar.

Yes.

Hassan.

Yes.

Kimmy?

Yes.

Teter?

Yes.

Tivnon.

I I can't hear.

Yes.

Um Beatty.

Yes.

Hanning.

Yes.

Nye.

Yes.

Walton.

Yes.

Lair.

Yes.

Uh 10.

Yes.

Zero, no.

When I am sent.

Okay, thank you very much, everybody.

The first item on our agenda is our visitor comment period.

So visitor comments are visitors are allowed to speak to the Bureau Board about matters not included on tonight's agenda.

And so recording secretary, do we have anybody here to address the Bureau Board tonight?

No, Chair.

There is no one in person or online.

All right.

Next is board communications.

Do any board members have any information that they would like to share with the rest of the board or the executive director?

Okay.

Onto our business section.

We've got several business items for tonight.

So the next item is Bureau Bill 2026-07, the Urban Renewal Advisory Committee 2025 report.

So tonight we have Devin Baker last year's Euroact Chair and presenting here the URIC annual report.

Tyler, could you please introduce Devin and then you two can take it away?

Yeah, happy too.

Excited to uh see Devin Baker here tonight.

Uh Devin has been our chair for the 2025 year, and uh what we like to do is always come to Beerboard once a year to have the chair give an update and an advisory report to uh what's been going on in URAC.

Uh just a little bit about Devin.

He uh became a member of Iraq in 2022.

He is a retired school teacher and principal uh living in uh the kind of uh the north uh west corner of the city.

Um and what was been awesome for us to be a part of Tevin's uh time with URAC is the fact that he suddenly got so interested in downtown, and um that has resonated this past year with his leadership on advisory committee and really pulling folks along uh to um show his enthusiasm and excitement and continuing to to build on all the things that we've been uh talking about uh over these last uh 15 years.

So, with that, uh Devin, thank you for waiting, sir, for a long executive session.

Yeah, it's uh I see that does happen sometimes.

And um so my name again, once again is Devin Baker.

I'm the 2025 Urban Renewal Advisory Committee, the EuroChair, the outgoing 2025 chair.

It's good to be here tonight uh to make this presentation.

And Tyler, are you going to forward the text or am I?

I know we talked about this.

I have it.

You have it, Janine.

Okay, all right.

Um let's start with the first slide.

We began in January 2025 with election of officers.

I'm the guy, Devin Baker with the orange uh sweater and overcoat, and then next to me is Ben Reese, the vice chair.

We were both elected uh during that meeting.

We also had a really good presentation about homelessness that night from Chad Stover, and uh we talked about the program itself a little bit, many partners, just compassion, greater good Northwest, and others.

Um we we have a new shelter now, and it's been in operation for maybe at least a year, and I think we're making good progress.

So let's go to February.

In February, we really got the ball moving with a program income policy discussion, actually introduction from Tiberius Solutions and Nick Popanick, which I believe was presented to Bureau uh later in that time.

But basically, for me, larger dollar amounts as loans versus grants were was the major uh I think advantage, but it depends on the situation as well.

So our work plan in this 20 in the bottom part of this slide, the 2025 work planning.

I think this covers it really well.

What we did the rest of the year.

You see a couple uh couple pictures over here of the uh solicitations that were the mainstay of certainly the first one, Hall and Center in Lombard West.

Uh, but we'll cover most of these these items right here: transportation growth, accessibility as we get through this.

So let's start in March.

We had the first street dining commons update with Megan Bronston.

Uh really started as a uh pandemic support in 2020, and who knew that it would grow to be such a mainstay.

Um now there's board approval for the design process for flexible permanent commons with street trees, uh street lamps, and uh the next uh steps will be discussed in 2026.

Then we went to the hall and center street redevelopment site with Janine doing this.

It's a kind of amazing, really.

Um I really like these two.

We'll talk about them.

The vacant building is in disrepair on um hall and center, and that whole area is scheduled to be uh well, it's gonna be demolished.

That building with the development.

Uh we'll talk some more about it.

Vertical housing development zone was next with again Janine presenting, and um this was really about a state law to encourage mixed-use high-density housing and mixed-use development areas designated through a property tax, a partial property tax exemption.

There are three projects that are certified.

This sounds very promising.

It was due to be sunset in 2025, it's extended to 2031, so that's good news.

We followed up with the Ripple at the end.

You can see a pick here, but let's move on to the next slide.

And thank you, Janine.

In April, we got to do our first field trip, and our group does like field trips, tour provided by Mill Creek Residential.

Um yeah, this was a great uh trip.

We spent the entire time in the building, really.

We originally were going to come back a little bit earlier and look at some other things, but we were very interested.

Residential amenity spaces, parking structure, stormwater mitigation.

It was pretty cool.

And don't forget that picture at the bottom, that scenery of the clouds, mountains in the back.

It was amazing.

And then in May, we uh started a tour, really did the tour recap, and um I talked about it a little bit, but we also um noticed that there were no affordable housing units here.

You did see the views, the decor.

I don't think I mentioned the sound mitigation that was mentioned to us, larger three-bedroom areas.

Um again, quite a tour.

We're always happy to get out and see things, and then back to the hall and center redevelopment site.

I know this was uh the developer was selected as um security properties approved and fully executed.

Uh again, uh, gonna be an exciting site for us as we look at it, the progress of it next year.

We finalized that work plan that you saw in the February slide a little more.

One of the interesting things was a focus on restaurants today, and we were asking questions like what about retail and amenities to support those restaurants, and then uh finally the economic development uh strategic plan update, Bill Berg.

And again, it's about creating a space that is affordable, safe, connected, sustainable growth, and living wage jobs, among other things.

And then we moved on to kind of a I I think one of the cornerstones for our work was this transportation night.

Lots of giddy excitement when we got to here.

Um I like this top uh this top little pick with all of the different types of uh transportation.

We had a Canyon Road pedestrian safety uh project from Jabra Kashow, which runs from Watson to uh Hawkin Avenue with uh mentions islands and um the flashing beacon makes it safe for pedestrians.

The Millican Way Extension Project with Dan Turk presenting.

It did have uh a council directed revised concept plan for the stretch from Watson Avenue to Hall Boulevard, uh, and then the downtown Beaverton Loop, Kara Hall and Leah Crabtree.

Um we have sub-areas, and again, you can see that I think on the bottom, the little map inset here, and which kind of does show the areas that we're focusing on, which in a meaningful and easy, I think, to understand way.

Um Carol Hall, Leah Crabtree, the sub areas Beaverton Central from Crescent to Millican Promenade and Old Town, and then we had a transportation plan outreach explained to us uh by Jessica Engelman and she talked to us about the 470 odd number of respondents on a with 80 or 90 percent uh agreement, the vision, access to all affordability and reliable choices.

So quite an evening, quite an evening.

And then we moved on.

We skipped July and went to uh August, and we have a presentation in August from David Snyder Building Improvement Grant, which was I thought pretty powerful, really, fair and equitable, improved building, uh diverse activity, and we want to have successful outcomes, and we had one at the Masonic Hall Center, and I believe also Ethiopian restaurant on Lombard, uh, that were both uh part of that program.

And we had one at the Masonic Hall Center, and I believe also Ethiopian restaurant on Lombard, uh, that were both uh part of that program.

Then we got into the the parking and the downtown parking discuss discussion with Molly Rabinovitz and Casey Graziano.

Just an amazing presentation, just in the fact that we learned that 10,000 hours of data collection went into this, like 6,500 warnings, 4100 citations, all kinds of really good data.

That's what I liked about it, data-driven.

We're looking for behavior change.

We're not trying to be uh you know, to do things that cause uh anger, but it's a proactive enforcement approach.

The goal was to have 85% of the spaces used 80% of the time.

So quite and there's more to do on this downtown parking discussion as well as we enter the new year.

And then in October, uh, and these two I really uh uh appreciated because well, we'll see as we go along here.

The downtown Beaverton subbasin strategy with uh Lissa Maxwell.

Really, the uh the approach here is a regional one.

There are three creeks that are um that uh do flood occasionally, and we fix one a lot of times, and it pops up in another place.

So we need to start looking at things in a regional way, and and also thinking of them as restored community assets and not just a problem.

Uh we had the portfolio redevelopment strategy implementation update.

Janine was part of this with Liz Jones again.

Now we're hearing about the Lombard West, an exciting um prospect here with public open spaces, uh, and really sharing of that great thing that's gonna happen.

I think it might be one of the tallest in Beaverton when it's all said and done, but it's affordable and market rate housing that's really to be noted.

Also, the hall and center, we're back on Hall and Centered Market Rate Mixed Use Housing as well there.

That site does connect the Beaverton Transit Center with downtown uh Beaverton and also with um Cedar Hills Crossing.

Then we moved on to November and Kevin Boylan, the climate um uh Beaverton Climate Action Plan update.

There's a lot here and a lot of moving parts, and uh basically that we have to do a lot of things at once at the same time, and not just one thing.

There's a reduction of emissions that we're always concerned about when with climate, building energy use, um transportation.

We just talked about transportation is part of this, but I think for me, education is super important because we all have a role here, all of us.

We can't just put this off as a program over here in the corner, and someone will take care of it.

Large businesses must participate.

Uh we then had some time with uh our uh Bureau Garage Ground Floor Leasing Update from Megan Bronston.

We had five total spaces that were having trouble leasing.

We learned some lessons here that uh you know construction costs were skyrocketing or at least going up a lot, and so the deal terms had to change some needed longer lease terms for cost recovery, and wow, we had Fabio's tacos lease as a result.

So good things.

That was a lot we're talking about.

This was almost the whole year.

Uh and we're into December now.

We have the year-in, year act celebration.

I really do like this.

This is the kind of the way this team was a special team.

I I will say we worked well together.

Uh everybody was open and honest with each other, and uh we enjoyed a meal together with local restaurant.

We uh also, and I don't know if there's another slide.

There could be uh, oh yeah, here it is.

The winter night uh old town walking tour.

We went out the door around the corner, past Pluto's to fly chai up canyon, cross the tracks to hall, viewed new restaurant here at Connard, then went left, Dos Hermanos, Old Town, Prospect Over at Watson here, lazy days again.

Walked back down to the uh Masonic Hall to hear about the changes done here due to the building improvement grant, and it was great because now that structure can be used uh for medium-sized uh groups.

And it was great because now that structure can be used uh for medium-sized uh groups.

So there's some really good things going on, I think.

And uh I'm uh want to just put out a big thank you to several groups here for Tyler for his uh tireless efforts to keep us on track and Janine also same kind of thing.

They worked in tandem, worked really well together with us.

We super appreciate them, and also all the people that you see in the picture here, despite that ugly sweater that I have on, but uh just a big thank you to the Bureau Board for taking your time uh to listen.

Have a good evening.

Thank you, Devin.

Uh, we do make some space in case there are any quick comments Bureau board members have uh for you.

So beer board members, any questions or or comments?

Okay, I'm not seen any.

So Devin, I will just say thank you for being here tonight.

Thank you for waiting so long for us.

Um we really appreciate the work that you and the URAC team were doing, and you all have been a part of some really important and fun conversations over the past year with transportation, stormwater, housing.

There's a lot of good work that you are being a part of.

So yeah, thank you so much.

Yeah, it was fun, and I appreciate just the opportunity to be able to to uh speak here, and you guys have a lot of work that you're doing.

I know, and so thank you for taking your time.

I know it's been a long night with your executive session and such, but I will get out of the way and uh let you get to work.

So good, have a good evening.

Good to see you, Devin.

Thank you.

Okay, the next item on our agenda is the Bureau Bill 2026-08, the annual financial statement and financial report for the fiscal year 2025.

So, assistant finance director Susan Cole is here with us.

So, Susan, whenever you're ready, you can take it away.

Great, thank you.

Uh, I have no PowerPoint, I just have a few comments to make.

And so um, first of all, I am joined tonight by one of our finance and accounting managers, Suleiman Namey, um, is here to help answer any questions you might have about the financial statements.

Um, but I am here tonight to present to you to the Bureau Board the required annual statement that states the maximum indebtedness of the agency and the impact on the overlapping taxing districts, and also the annual audited financial statements of Bureau.

So both of these financial reports are required um under state law.

So, first uh in your packet is the 24-25 fiscal year um statement, and that notes that this is the 12th operational year for Bureau.

It also notes that the maximum indebtedness for the agency is 150 million dollars, and as of June 30, 2025, about 75 million has been incurred, which is about 53 percent.

The impact of the overlapping tack taxing districts is also seen, which is roughly 4% of the tax base that is divided to urban renewal.

The annual financial report is presented to the board for your acceptance.

The financial statements of Bureau were audited by an independent audit firm, Baker Tilly.

The auditor's report begins on page 11 of your PDF material, and there you can see in their report that they gave us an unqualified opinion stating that the financial statements fairly reflect Bureau's financial position as of June 30, 2025.

So that's a good thing.

So we passed the audit, everything is great.

We're in a very good strong financial position as an agency.

And that concludes my remarks.

Um happy to answer any questions.

Thank you, Susan.

Uh Bureau board members, any comments or questions for Susan.

Okay, I'm seeing none.

So do I have a motion to adapt to adopt and to accept the Bureau annual financial statement and the financial report for fiscal year 2025?

Anyone can make a motion.

I move to accept the financial statement of position.

I'll second.

We've got a uh motion from board member Kimmy and a second from board member Duggar.

Uh any discussion on the motion.

Okay.

Recorder, we please call the roll.

Um board member Duggard.

Yes.

Hassan.

Yes.

Kimmy.

Yes.

Teeter.

Yes.

Tibnon.

Did she drop off the call?

I'm here.

Yes.

Thank you.

Beatty.

Yes.

Hanning?

Yes.

Nine.

Yes, Walton.

Yeah.

Learn.

Yes.

10, yes, 09, 1 absent.

Okay.

Thank you very much, everybody.

So we have three items.

I believe that we're doing all at once.

Two items here.

Excuse me.

The next is Bureau Bill 2026-09, the resolution number 2026-071 for Beaver Central Garage Commercial Lease with Cool Fee LLC.

Followed by Bureau Bill 2026-10, resolution number 2026-072 Beaverton Central Garage Commercial Lease with Lumier Bakery LLC.

So Tyler and Mike, whenever you two are ready.

I think the presentation is y'all's.

Yeah, thank you, Chair.

I just wanted to introduce Mike.

I know most of you know Mike is our economic development manager, but he's also taken the role of completing these leases at the garage after Megan Rodston left for Lake Oswego last month.

And Mike's got one PowerPoint presentation, but he is bringing both leases into the PowerPoint.

Just please note that we will be making a motion individually on each of those leases.

So Mike will pause after the first lease conversation to take any questions, and then we'll go kind of go from there.

Thanks, Mike.

Okay, I'm working on my sharing here.

How's that?

Is that working?

No, yes.

It is now great.

Great.

Okay.

Okay, so we have uh two leases for the the garage, the bureau developed an own garage here.

Umward.

Okay.

Um so the request today of uh of the Bureau Board is to listen to updates on the retail leasing process for the Beaverton Central Garage.

Um also we're we're gonna have uh two resolutions um that we're gonna be asking for adoption.

Um authorizing the executive director to execute leases within the Beaverton Central Parking Garage with Lumier Bakery LLC to occupy suite 110 and Colfi LLC to occupy suite 120.

Um quick recap.

Um I'm sure the board has seen this before, but we wanted to just go over the the adopted project goals for the ground floor retail.

Um and um it's to recruit active businesses that are open during regular hours and that are publicly accessible to bring businesses that promote arts and innovation into the district, um, to support diversity uh in terms of business owners and customers and to ensure business viability and finally to create a collection of tenants with a mix of owner levels of experience.

So what we have here is a real good kind of mixture of what I think are our sort of business and and community factors that that complement each other.

And um, if if we do hit these, we're gonna have a lot of success here at the garage.

So let's start with space 120.

Um you can see it here on the diagram.

It's it's with the red that with the sort of the the red striping here where it says prep there's an arrow that says premises.

Um suite 120 is it fronts Crescent Street, it has some limited visibility from Rose BG, it's next to Mama and Hoppas, and then also um between that and suite 110, which will be our our next lease.

And it's a it's a thousand and eight square feet.

So for this particular location, we're looking at Colfi LLC.

Um here you you can see Kieran and Goggin in the picture here.

Um they started out with a bike cart, uh moved on into a farmers markets and pop-ups, and um they later went to uh a walk-up window on Alberta Street, and then a full restaurant and production space on North Williams Avenue.

Um what what is their product?

Well, it's Kofi is uh is an ice cream.

Um my understanding it's an ice cream that's that's simmered versus churned.

Um it's it's uh it's it's well regarded in India.

It brings in a lot of Southeastern Asian flavors.

Um they also have ice pops, um, and then also um sort of frozen beverages that they that they're offering as well.

They want to open up a second shop in Beaverton, and why do they want to open up a second shop?

Well, some of their most regular customers that were coming all the way over to Portland, all the way over to North Williams on a very regular basis, um, were from the West Side.

Um, and so they quickly came to realize that uh Westside location was for them because of all of the all of the customers that were coming on a regular basis and asking them when are you gonna bring this over to the West side?

So let's look at the lease terms here.

Um so here in Suite 120, we're looking at a six-year lease with a six-year renewal.

Um we're looking at um stepping it up a dollar uh uh a dollar a foot for the first three years and then three percent after that.

Um we're giving them six months um of free rent period to get possession of this of the of the um of the space in order to do the TI improvements.

The TI allowance is is fairly modest, especially for a food service space, 75,000 with a $5,000 sign allowance.

Now, um this is considered a um what was the what was the uh the term the broker gave me?

A cold kitchen.

Um it doesn't have this isn't considered a full restaurant build-out.

They're not doing any production here, they're just gonna be doing serving here.

So it's going to be it's gonna be freezers and and um um areas in order to serve the ice cream, allow people to taste the flavors.

Um so it's it's not a full restaurant build-out, and this space wasn't initially intended for for a restaurant.

Um, but we thought that this was gonna be a really good tr uh foot traffic generator.

Um it's a proven concept, it's a concept that we think fits well with our district, fits well with the west side.

Um and uh we're looking for tenants that are complimentary, but also tenants that that are gonna bring foot traffic and have proven um proven owners.

So um that's why we thought that this was a this was a good bet.

Um so the break-even point will be about six years, six years on this.

So maybe a little longer than on a on just a retail space, but shorter than than some of our restaurant, our full restaurant spaces.

So Tyler, I don't know if you want to call the question here or yeah, I I think uh this would be a good time to for any questions and uh to see Sarah's in the chapter.

Uh yeah, so board pure board board members, if you got questions for staff here before we take a motion, put your name in the chat.

I do see uh board member Tedon on first.

Great.

Um yeah, I I think it's awesome.

I'm excited for them.

I love that this is their second location, so that shows that they really landed on something great.

And and I I love that they want to be in this location.

The only thing that uh caught my eye was the the length of the lease.

And the reason why I say that is because this is still an up-and-coming area in terms of the foot traffic.

It's like that if you build it, they will come.

There's a little bit of that push and pull.

We're putting stuff in then that hope is going to be a draw to get people to go there, not just the people that are already going there.

And I'm curious what the foot traffic has been like for the other businesses.

That would be a great report to get back to Bira to just hear how it's going, if it's meeting their expectations.

Um, but it might not for the first businesses.

It's all about just continuing to build the attention here.

We're gonna see a lot more foot traffic just by the development that we're doing in other areas, but it's not maybe here all the way yet to support and sustain these small businesses as they're growing, especially some minutes as niche is offering one type of product like a um dessert, you know.

Um I'm sure there's considerations around that.

Um so I would just like to know if there's wiggle room on the lease, if they need to break it early, that we're not gonna penalize them for having a like if they decide this is too much space or it's the wrong location.

I I don't want to send that message to them in any way.

I just want to be really cognizant of it or the the businesses that are taking a chance in some ways of of being there because they believe in what we're trying to do.

I just want to be realistic that it might take a while for it to get to that place that we really want it to be.

So it's just to make sure we're not gonna um ding them if they gotta if they gotta pick up and find a different spot, especially for small business, you know, they're putting a lot on the line with this.

So curious what others think.

Uh board member Chinon, did you want staff response for that or just open question just kind of for the Bureau Board to comment on together?

Uh I'm curious what other um well, everybody.

Anyone who has an opinion on it.

I think it's it's it's just something that's been rolling around in my head since we lost Gray Raven and and that thought of I'd like to know from them, you know, what they're seeing.

Just give us some some feedback on that so that we know if this is proving to be a good move for their businesses.

Well, it in terms of food traffic, it has recovered since the pandemic.

We know that from tools like like Placer, like Placer AI.

Um, we've also had um pretty a lot of consistency, at least in our food, food and restaurant users um in this area.

We haven't really had any turnover, and and we've had a number of restaurants that have been here for over for decades.

Um so I I but I do think that the new businesses are the ones we are concerned about the most with with the food traffic and them finding finding their market, right?

Um, but but I I do think with this one, um you know, we do have uh proven proprietors and and we do we do think that there's a strong market for this product here on the on the west side.

I mean it it's a product that's served in in other um Indian restaurants, the Southeast Asian restaurants, but it it's not something I I don't believe standalone type of uh I I I didn't I don't question that at all.

I know you're making really good decisions and and these partnerships are bringing amazing businesses our way.

So that has nothing to do with that.

It's more about just if they had to leave before six years.

Are they um is there uh do we have a penalty fee if they break the lease?

And like what does it look like?

That was really where the question was.

Okay, gotcha.

Gotcha.

Um, I'm gonna have to get back on you that uh with that.

Um Tyler, do you know the specifics of of that?

No, I know the spirit.

I'll chime in.

There's not there's not a penalty fee.

What we would try to do is get someone uh another another business to go in to that lease.

So they are they are responsible for the lease until we can get someone else to move in, in which case we could let them off of their lease.

But you know, they are they're they're on the hook for the for the first six years.

Yeah.

And and these types of businesses turn over very quick in our district.

We we we we hear about these, you know, restaurants and other similar businesses closing, and we ask them if they need help, and they're like, no, no, no, we have somebody already lined up.

Um so um there is there has been strong demand and and turnover, especially once a uh uh a space has been upfitted and has the TIs.

Thank you.

Board member Hussan.

Yeah, um I will share as I shared earlier.

I'm quite sick, so I think this is gonna be my last agenda item.

But I am so uh this is why I wanted to be here because it's so exciting.

I know Kofi, I grew up in Kofi.

I wanted to be here to pass this.

And I wanted to echo counselor Tibnon's comment because I am concerned about foot traffic and I want to make sure that we are investing.

So no request of staff, except can we please make sure as we're attracting really great folks here that we're really holding close to them to help these businesses be successful and not just Kofi LLC but the bakery.

So I'm just gonna jump in um and make a motion to adopt resolution number 2026-071.

Is there a second?

I'll second it.

Okay, I heard board member Duggar first.

The motion by Counselor Huston to accept the lease.

Um second by board member Duggar.

Any discussion on the motion?

Uh Mayor Beatty.

Um I agree with kind of everyone's uh point tonight about this being a really exciting opportunity for us to get some stuff down here.

I do think we're gonna have to do some warm handoffs and conversations with the Reese because this is an ideal after performance.

You're at the Reese, you're you know, you want a sweet treat, whether it's you or your kids.

And so I do think we we we have some responsibility in the Bureau District here.

I mean, personally, I'm gonna eat some tacos of then uh ice cream, but it wasn't that long ago.

We didn't have any options.

So I want to make sure that we're doing our work from our perspective to connect people to the to the Reese and the show line and and all of those things.

So excited to uh vote yes tonight on these and thank God because we cut the freaking ribbon on the reserve five years ago, and these have been sitting empty, and like let's get some shit done.

Yes, uh I'm gonna echo off of that too.

And in my mind, ideally, this is a great role for the downtown Beaverton Downtown Association to plug in, help build some of those relationships and connections.

Um but I'm very excited about those too.

I think we've seen an old town people trip chaining quite a bit between different restaurants and businesses.

We're getting some more of that opportunity up here in the round and Beaverton Central.

So I don't see any other names in the chat for comments.

So uh with that recorder, we will you please call the role.

Board member Diger.

Yes.

Yes.

Kimmy?

Yes.

Teeter.

Yes.

Tipnon.

Yes, Beatty.

Yes.

Thank you, Hanning.

Yes.

Nine.

Yes.

Walton.

Yeah, layer 10, yes, zero.

No one absent.

Okay, thank you, Mike.

Uh, on to your next one.

Okay, here's another one we're really excited about.

Um sorry I don't show my excitement as much as my predecessor, Megan Bronson, but I'm gonna try my best here.

Um so Lumier Bakery.

Um you can see the the suite here for Lumier.

It's uh it's almost 1,500 square feet.

It's um just just next door to Kofi, the the one we just discussed.

It's right near the the sort of the the elevator lobby area um for um for the Reese.

They have a little bit of outdoor seating.

That's something that I didn't I didn't point out for Kofi.

Kofi's gonna have some outdoor, outdoor seating, outdoor seating as well.

So let's talk about Lumier Bakery.

Um Ben and Doomy are the owners of Lumier Bakery.

Um they they want to bring a Vietnamese European, really a Vietnamese French um fusion bakery um to this location.

Um they're they're the current owners of Bamidi up here in Bethany Village, and um they have done they have also have previous restaurant experience before Bamidi as well, and that's a Vietnamese, that's a Vietnamese bistro.

Um, we think this is a great tenant to have right up next to the Reese.

It's given the level of craft and artistic expression that you can see just in these offerings as well.

Um there are some other items that they are going to be offering, um, pastries with more savory flavors, croissants.

Um, they're gonna be doing cakes, um, occasional cakes um as well as cake slices um and and coffee.

So um the other thing about this tenant is we are expecting that this tenant will be leaning into the afternoon and evening hours as well and have availabilities before and after the shows at the at the Reese.

So let's talk about the lease.

Um so this is a longer lease.

It's a 10-year lease that we negotiated with them with a 10-year renewal.

Um the lease terms start at $30.

Um they go up um more steeply than the than on the the previous lease that you saw through year seven, and then they flatten out with 3% annual escalations.

Um their free rent period is eight months, um, and their T TI allowances is 316,220 or 213 a square foot plus a small signage allowance.

Um so what's happening here with this particular lease is that the build out is going to be probably our most complex um in terms of all the tenants.

Um they're gonna have multiple enclosed and climate controlled rooms for food preparation and baking.

Um their electrical loads are gonna be higher because of very specialized equipment that could they're gonna be bringing in.

So we're gonna have to bring in transformers and and other equipment to handle that.

Um and because of that, and through our negotiations with the tenant, we landed at a higher TI, but then we also increase the rent in order to offset that, offset that higher TI as well.

Um, but we do think that that's this is a good investment into the space.

Um this is they're really gonna be a first-class baker.

Um, I think you can see that in the the pictures, the offerings that we showed in the previous slide.

Um, and um that requires um real precision to do to do well, um, and uh more expensive uh TI.

Um they're gonna be selling on premises, um, but they also believe that they're gonna have uh pretty strong occasional and wedding cake business going along with it as well.

So they'll probably be doing a lot of tastings with within within the space too.

So you can see some pictures of their offerings, um, the croissants, the savories, um, some more of the really um really decorative uh type pastries here.

So um so yeah, we're on to our second request here.

Um this is for a resolution to off authorize the director to execute a lease for Lumier Bakery LLC.

Okay, great.

Thanks, Mike.

Any questions for staff on this lease?

I'll jump in and make a motion to adopt resolution two zero two six-zero sub- and two, authorizing the executive director to execute a lease with Lumier Bakery LLC.

Second.

Great motion from Councillor Hudson, second from Councillor Tipna.

Any discussion on the motion.

Uh yes, I see Mayor Beatty's hand going up.

Yeah, um I just want to say 10 years is a huge testament to uh the belief in what is happening down here.

Good job, Mike and team.

I know this is no easy uh negotiation.

I we understand the the power and everything that goes with this, but this has been a gaping hole since Beaverton Bakery closed.

And like, you know, my eight-year-old, the last cake I bought from them was her first birthday, and their smash cake there, and so this is a long time coming to have this kind of uh specialty uh occasional cake store opening again, and so I'm excited to see this as well.

So appreciate the work that you guys are doing.

Yes.

Any other comments for on the motion.

Okay, I see none.

Will the reporter please call the role?

Board member Duggar?

Yes.

Hassan, yes, Kimmy?

Yes.

Teeter?

Yes.

Tipnon.

Yes.

Betty.

Yes.

Thank you.

Hanning.

Yes.

Yes.

Walton.

Yes.

Lair.

Yes.

10, yes, zero, no, uh, one absent.

All right.

Thank you, everybody.

Thank you, Megan and Mike and Tyler and everybody else who's worked on this.

This is really exciting.

Okay, we're gonna move right along uh to the next item in our business portion of the agenda.

This is the Bureau Bill 2026-11, the pilot program for Bureau Tenant Moving Assistance.

Janine, I believe you have the material presentation for us tonight.

So whenever you're ready.

Good evening, Beerboard, Janine Lambert, Senior Development Project Manager.

No presentation tonight.

Uh tonight we are just seeking your approval of a two-year pilot program for bureau tenant moving assistance as outlined in the Bureau Bill and the guidelines provided to offer voluntary financial assistance to bureau tenants moving uh to facilitate future development of bureau-owned property and staff is here to answer any questions you may have.

So I missed it.

You said no presentation, you're just open for questions right now.

Yes.

Uh there are guidelines attached to the Bureau Bell.

Okay, got it.

Okay, thanks.

Uh Bureau board members, you can put your names in the chat for comments here, questions.

Um I'm gonna go ahead and throw one out there, and then I see board member Dougher put his name in the chat too.

Um you talk a little bit about about what a sub tenet includes.

So this was referenced a couple of times and in the materials, and I was thinking of back in it was probably 2019 when Curiosities was closing because out of all the the construction of the research and the space that was needed, and there were somewhat subtenants inside of that building.

But they majority of them didn't have business licenses, but they were renting space from the property owner.

Like I'm curious if if we've got a good definition for like what a subtenant is.

Like there were 60 businesses there, would all of them qualify for relocation assistance.

Uh not in that an antique mall or a flea market would not be a sub tenant um in this uh, but if you had a sub-lease of a portion of the space um with all of the rights that are associated with that in some kind of a month-to-month type of agreement, um that would be and I would definitely rely on on legal uh to confirm that.

Okay, so there's some higher threshold.

Yes.

Okay.

Um do we require proof of a business license or anything for subtenants?

Because I would think that would be uh necessary.

Okay.

And um I just have an open wondering about should we require expensive expense documentation for everybody, no matter how much they're receiving, or is there a reason why we aren't requiring expense documentation for the I think it was amounts under 25,000 for businesses?

We are not.

Um so with limited staff resources, we have to be really mindful of what we're doing.

We in the past pilot program had um an expense verification process.

So estimates required at the beginning to qualify, and then uh actuals uh reviewed um at the end.

And uh it always ended up to be at the higher threshold typically, uh at the $50,000 threshold.

And it was substantial substantiation of every Amazon broom and dustpan um needed.

And so we had internal staff discussion with legal um and determined that we were going to propose estimates required only and not the final reconciliation.

Okay.

Okay, thanks.

Um go with some questions, board member Duggar first.

Yeah, mine was around the same thing.

Like I my biggest concern there, and I I hear about the workload, and I think that's real, but I look at incentive structures, and are we just telling businesses to to apply for this automatically and you get it no matter what, right?

Like if you don't have to document anything, because this feels like if I'm a business owner, I'm gonna even if I don't have 25,000 in expense, I'm going to tell you I have 25,000 in expense, and I'm going to get a 25,000 check.

You know, and that just maybe I'm just being cynical, but I just like I don't know if there's maybe some other ways we can get around that sort of work thing that you're talking about.

Because I I hear you, Janina, I think that's absolutely real.

Like, like I don't necessarily want our staff verifying.

Maybe it's a guideline on like, you know, you don't necessarily have to prove, but these are the types of expenses you can do or something like that.

Maybe maybe there's some middle ground there, but it just feels like if if there's not anything at all, then if I'm a business and I see this, I'm absolutely applying for it at the lower threshold, because then I don't have to document anything, and that just sort of seems like a transfer of money that would happen automatically.

So help me feel better about that.

Which we have done in the past.

So curiosities, the large entity, not each sub tenants, did receive uh uh assistance to move.

So did uh another bureau tenant and in a property.

And those were those were lump checks, we did not require anything.

So this is requiring quite a bit more than that.

Um and it is a two-year pilot program that's being proposed.

Um we're not to say that this is the best that we can come up with, um, but something to provide a mechanism for voluntary assistance where relocation is not um something that would be qualified for.

I I think I understand.

So can you answer like a little bit about like that business?

If I'm I don't know, Solar World or you know, one one of the whatever, one of the companies in downtown, like why how are we gonna track that?

Like if if they just apply for or anyone, right?

ACME anvils applies for 25,000 with no expense documentation.

Are we just assuming that that that's a legitimate expense and we're just gonna do it as part of the pilot?

Like how are we gonna make sure that not every single business does this if they don't legitimately have the need?

I guess I'm not I don't know.

There are there are limited Bureau tenants that will be expected to move to facilitate redevelopment in a short-term horizon.

Um so yes, if it is acme business, um LLC $5,000 is something that is just sort of um and could be an expectation without the documentation.

It is more likely based on the past pilot experience that they will find a way to substantiate estimates that get them up to 50 if that's provided.

And so that is allowed to provide additional incentive.

Um that's quite a bit of money.

It was what was provided for um properties in the past.

Um there were some, you know, concerns about constraining that.

So we tried to streamline where we thought some of the issues were in the past pilot to make it a little bit more efficient and right sized.

Um, but uh there could be improvements.

And I guess the final question is there was a fiscal, I'm trying to remember I should pull up the document of fiscal impact.

Uh, I think around 350.

Is that is that gonna be capped or something, or can we cap that?

We could cap it.

It's not proposed.

We we the past pilot was limited to uh two specific property at property purchases um at the time.

Um this is not limited to the number of bureau property purchases, but it is limited to Bureau properties that are purchased for the purpose of being acquired, and then the tenants would need to move.

So it's it's sort of limited to our activities that would you know, reload would help people.

Okay, yeah, I think I think I'm okay with that, just because I think we're kind of capping it, like you said, with with but but that may be something we need to address if we do end up going and getting a lot more of these because I I do want to be really careful here, but I I think I'm okay with this basically.

And Bureau could terminate the pilot early.

Okay.

Cool.

Thank you.

Thank you.

Um yeah, I like the spirit of this because it gets to the heart of the fact that it this is essentially Beaverton that would be disrupting someone's business or disrupting someone's life because of a project that we believe in strongly enough to do something like that.

Um and it doesn't feel good, you know.

I it it doesn't feel good if if people are begrudgingly brought along with it, like if they're renting and it's not their decision to make their short-term lease, that kind of stuff, month to month.

I mean, um, so I I I like the spirit of it.

I like that there's a two-year gap on it so that we can really see how this pencils out to to take this approach.

And I also like that it has a cap to it, so that there's an expectation kind of built in of what how far we feel responsible, like re a reasonable amount of what moving fees would be.

Um, but that being said, the the cap for residential seems really high to me.

And maybe I'm just not calculating all of the costs associated with finding a new apartment, because that's what these are for residential, they'd all be apartments.

I'm assuming not con those.

Um, so it's just that number seems like I would be looking for things to all the bills and whistles to add to my home move.

You know, I would I would go all out with the movers.

I'd have other people pack my stuff if I had a reimbursement of that size.

So I'm just throwing that out there that I'd love to know the math behind it.

Um it is based on the prior pilot, and then we actually capped it further from what that pilot had.

Um, and so um it had like 48 months of you know, increased living expenses if they rented into a into a higher cost property, and so this provides for only 12 months.

So we didn't reduce the amount, but we we reduced effectively reduced it by only allowing 12 months of that.

Um so you could get a much more expensive place, but it's only 12 months, and maybe you get to the same part.

Um, and and but that also kind of gives an indication that this is affordable housing if they can't find something commensurate with that.

There is terminology, and I I apologize I should have said that too, but there is terminology kind of like of like property in there.

Yeah, it just I mean, like literally if they can't find anything else in the same rent bracket that they were in, because it sounded to me like you're saying it's almost like a supplementation if they have if they can't find that somewhere else.

So I'd also just throw that out there.

I'd want to be really careful that Bera doesn't look to acquire properties that are already existing affordable housing.

Um I do not want to displace people into a different rental bracket that does not feel right to me.

So I'm just I know I'm chatty cathy tonight, but there's a lot of things coming up here that seem really consequential tonight that should should get thrown out there on something that seems great on the surface level, but then there's just there's something in there that is just giving me pause.

That is in the acquisition, the Bureau policy, the Bureau acquisition guidelines has a statement in there that we follow with all of our acquisitions.

Um that we try not to.

Um, you know, we try we don't actively look for those properties.

It's it doesn't necessarily mean that it won't happen.

Uh, but it's not a preference to go after those types of properties.

I saw the assistant city attorney, Robin up in.

Robin, did you have anything you wanted to say?

Oh, I was just going to add that it's it's not just rental assistance for the residential.

It also, you know, does assume that in some cases there may be you know some owner occupied and it's also down payment assistance as well.

Thank you.

Um before we move on.

Uh okay, so Mayor Beatty, board member Duggar, but just had to drop off for some family family support.

Um before we move on from this the question you raid, uh, board member Tipnon.

Um I know we don't want to displace people, but it is something that has come up in the past, especially talking about Millican.

And while we might not make a decision to do something like that, like future future board, the future bureau boards or bureau board members might have a decision that's affected by this.

And so if we're able to be able to have the pilot program up and running, could be some benefit with that, even though like we don't see when it would be used in that case, but uh it maybe it is in the future, I don't know.

Um this is specific to Bureau also.

Yeah, yeah.

I just also I need to also correct myself.

I didn't mean owner occupied rental, because I'm this is only for tenants, but if we have a tenant that could move into something where they could purchase a property, this could be a down payment assistance instead of instead of a a like rental, for instance.

So just to clarify that.

Provide some flexibility.

Yeah.

Thank you.

Okay.

Uh back to the chat.

I see board member Walton.

Yeah, thank you for the clarification.

Because I was like, well, if somebody sells their house, then they are choosing to do that.

I don't think we need to offer a relocation assistance.

I um I agree with Counselor Tivnon.

I feel like the business one makes total sense.

I'm 100% on board, the amounts feel reasonable.

I agree with the approach to have a bar of you don't have to submit anything.

It is disruptive for businesses to move.

Um, usually there's more equipment and things like that.

I think on the tenant side, it is very normal for landlords to tell properties to um, you know, leases are typically a year.

Um, and so I understand disrupting the lease and and forcing a move.

I think because we're BRA and because it's a city, I think I acknowledge that some sort of assistance is probably in our best interest.

The amount feels really high to me.

Um, and so I would challenge us to maybe make the threshold a little bit lower.

Um, I think again, some of the points that counselor Tivnon brought up about just the the um they should be able to find a like property.

I think giving them a little bit of money.

I think helping them purchase a house feels like not our job.

Um, and so I think that's to them to come up with their down payment.

Um, not for us to do.

I think that sets up uh uh not helpful precedent.

So I think businesses, yes, because again, we're here to make money, um, getting businesses out and businesses in and the things like that.

I think the residential would I would challenge us to take that amount down.

Thanks.

Uh before I go to board member nine, uh board member Walton.

Do you have an amount that you're thinking about a reduction of residential, or are you just kind of throwing it out there for general conversation seeing it?

I would expect it to be a quarter of a business, not half.

Um, so I would half it, would be my proposal.

Okay, thanks.

Board member nine.

Um I had a few points, and I might lose track of them.

Um but I'll start with um board member Walton's comments.

Um there is a housing shortage, and it's it can be very difficult to find replacement housing.

Um the structures that we are likely to be purchasing and relocating people out of not in great shape, I would have to say.

They're typically pretty rundown structures.

And to find a like for like is putting somebody in a housing position that's not healthy.

So I think we should be thinking about we are forcing people out of their home, which is really destabilizing.

And we should have compassion for these people and where they're gonna move and how that impacts their lives.

So and if we can for a small amount of money, give them downpacement assistance for long-term family stability, that that would be a really great thing that we can do.

And the city offers down payment assistance and other forms in the city anyway already.

This that if they stay within the city of Beaverton or stay within the Bureau boundary, they get an additional amount of money.

Um to continue to revitalize B Riton using the Bureau money.

Um that would be really helpful.

Um the actual moving cost isn't that much, but if they're living in these structures, they they probably don't have the money for first and last month's rent down payments.

You know, that's what this kind of stuff should be covering.

Um whether 12 12,500 is the right amount, I don't know.

But I don't think it seems that excessive.

25,000.

I mean that seems like a lot, but um so I do think we we shouldn't lower it too much, is my point.

Um and then um I do so if we can also on the commercial side think about having a tiered system where if they stay within the barrier bounds, they could get additional tenant improvement money.

Um that would be nice.

Uh and then I wondered why only a two-year um time period on this, because I know you are all hoping uh we'll be having more RFPs, potentially more development in the next year.

I find it hard to believe we will actually be moving forward that quickly.

I think if we could do a three-year or four-year um pilot project here, it would just save us from having to revisit this in the middle of a bunch of other stuff going on.

Um you already said we can we can shut this down early if we need to or revise it.

So those are my comments.

Janine brought up the the timeline aspect of this.

So if we do it to your pilot.

How likely is it that we would see this program being used over a couple years?

Or is this just a have it in case you need it kind of situation?

This is likely to be used by acquisitions currently in progress.

Okay.

Okay.

Property purchases.

And that's probably all we can say right now.

Okay.

Um there are any other comments to put your name in the chat.

Um board member Kimmy.

Yeah, Janine.

Um, can we put it into where the pilot program will be automatically reviewed a certain point rather than just happen to be we noticed something?

Like in two years, we'll just come back to the board for review.

Something like that.

It could be extended.

Um you're saying to put something in there that states it needs to come back.

Yeah.

But we don't forget about it because we we're we I won't be sure when it's gonna trigger us to review it, right?

Where if it's in where it has to come back to us at certain time, then just review it.

Nothing, nothing's wrong with bid or everything we're can find, then we'll just decide on it.

Or if there's an issue, then we'll we'll address it.

Yes, there could be language put into that.

Yeah.

Good.

Okay, I'll throw out one more comment.

Or I guess just my general thoughts.

I've kind of learning a little bit more.

Um I would be okay approving the proposal that we have in front of us tonight.

I think there are some good questions that your board members raised tonight that I also share, but I feel like it's one of those times where I don't know how changing like the residential compensation rate would affect things.

It could be good.

Or maybe not.

Um or I don't know what changing the timeline would would cause for things, but it sounds like we have an opportunity to use it over a course of two years.

And so I think this is just a good opportunity in my mind for to try something out and see how it works.

Um I feel like I actually talk about wanting more pilot programs in general.

And now that we've got one in front of us, I don't want to be too nitpicky and say that it's not right when I haven't spent as much time on it as staff had.

So I would be comfortable approving this tonight.

Um, but we will need a motion and anybody can make a motion and we can talk about it more then.

Um I see no other names in the chat.

So is there a motion from the board for the proposal in front of us for the moving assistant pilot moving assistance and pilot program?

Um board chair, uh move that Bureau Bill 2026-11 pilot program bureau tenant moving assistance be approved.

Okay, uh was that Vice Chair Lair?

Yes.

All right, motion by Councillor Tivnan.

Um second from Vice Chair Lair.

Is there any discussion on the motion?

Okay, thank you.

Uh good comments, everybody during the conversation leading up to this.

Okay.

Uh reporter, will you please call the role?

Board member Duggar.

Uh he had to step out for family.

Okay.

Absent.

Um, she left as well.

Kimmy?

Yes.

Peter.

Yes.

Tivdon.

Yes.

Beatty.

She had to step out as well, so absent.

I'm sorry.

She had to step out for family as well, so she's absent here.

Okay, absent.

Hanning.

Yes.

Nigh.

Yes.

Walton.

Yeah.

Lair.

Yes.

Two, three, four.

Seven, yes, zero, no.

And absent over four absent.

I have Hartmeyer prick absent, Hassan absent.

Beatty absent, Duggar absent.

Is that correct?

Great.

Thank you.

Okay.

Thank you, everybody.

Our final item on the agenda is our executive director's report.

So, Andy, do you have anything for us tonight?

Yeah, thank you, Chair.

Yeah, the risk of having others drop off because I know what time it is.

I'll just give a couple brief updates.

One is that good news.

Last week CWS did approve our downtown sub-basin strategy for stormwater um improvements.

It's kind of the alternative that we heard about last month, so that's very exciting.

It took us a long time to get there.

Want to congratulate um Alyssa Maxwell on the work done on that.

And Tammy Connolly.

Um today we also submitted the 20 million dollar request from the federal government for the build grant to um for the downtown loom project.

Um Jocelyn, especially Lee Crabtree did a ton of work on that.

So I just want to give them thanks um on that.

And uh just a couple quick staff updates, because Sarah Phipps was uh with the city of Beaverton for 17 years.

She went to CWS, she was a senior planner, did work on the Allen Boulevard District Master Plan, South Cooper Master Plan.

She came back to Beaverton, and she's going to be working um for Bureau doings to implement some downtown infrastructure projects, so that our pre-side um pre-site um owned open spaces work and uh with a loop and all the infrastructure requirements we have for redevelopment.

So Cassara will be here to help coordinate that.

And then Beaverton has a new arts program manager.

Her name is Michelle Tan.

She started uh last week, and she has over 20 years experience in arts and cultural programming, and she was most recently working um in Vancouver for the fourth plane initiative, and she's done work with museums, festivals, public art, and has an international arts uh background as well.

So we're excited to have Michelle join uh Beaverton because arts and animation plays a big role in uh Burea's um strategy for downtown redevelopment.

Um and lastly, Tyler will send out some information to the board on the budget committee uh meeting in May.

Thank you, Andy.

That was quick good work.

Uh board member Tibnon.

Just a comment that I think it says a lot about when we stuck with it and kept the arts um program manager role.

And I think a lot of other cities are cutting back on that.

And I think that's reflected in the caliber of this individual, like where they're coming from, that kind of a toolkit that we we attracted that here to Beaverton.

It's a huge win for us to keep this um a really vibrant and worthy thing to be within our budget.

So really happy to hear that.

Very good.

Yeah.

Oh, um, since we're still on in Metal Arc, um, we expect a closing day for the Metal Arc Senior Housing Project in April.

So the meeting you'll be seeing some movement on that this spring.

It's very exciting as well.

Not at Bier up, but very, very adjacent.

Couldn't be closer.

Thank you, Andy.

And I will just add a couple comments that it's always good to get some good news these days, and you there's a lot here that's just really, really good inside our Bureau district.

Um the stormwater uh sub-basin strategy.

That's amazing.

Most people won't notice it.

Um, but it's amazing.

Um having Kissera back is a huge win for the city.

There's there's a lot of good here, the loop grant.

Um, we want to be able to do good work, and we can't do good work on our own.

Like we need good people and funding from other people.

And so uh we're doing we're doing that.

So I'm excited for the progress we're gonna keep on making together.

I don't see any other comments in the chat, Andy.

So I think you are good to go.

Uh before we before we do, just a reminder that our next board meeting will be in March.

But we are not, we don't have a determined date, maybe March 17th.

We're looking for March 17th just for some business items, and it'll be probably 30 minutes.

That's what we're shooting for, but we'll verify the SAP.

Yep.

So everybody's be on the lookout for your emails about that.

Okay.

Well, thank you, everybody, for your endurance tonight and have a good night.

This uh meeting is adjourned.