All the meeting to order is 9.31, if that's helpful for the recorder there.

And excited to have everybody here.

It seems like a pretty interesting project for the application review committee for the city.

So with that, maybe we'll start with introductions if that's okay.

Just so folks kind of, I think know everyone around the table what their what their background is and their role.

So my name is Charles Wood.

I'm the CEO for the Chattanooga Area Chamber of Commerce, and before that spent um about tenure serving as vice president of economic development there.

So happy to see another pretty interesting project come before us.

Audio, you want to I am on the IDB since 2023.

Um have my MBA from the University of Tennessee Chattanooga, undergrad there as well, um representing district six in the Tyler area.

I'm just the court reporter Laurie Robertson.

Just I'm David Hudson uh architect and here in town, I found my own firm back in 1985 R Tech Design Group, and last October we merged with Tinker Maw, so I'm no longer an owner, I'm just an employee, but still an architect.

Christy Manorino, I am the executive director of local services for signal centers.

Uh a little background, uh quite a bit of um time working with the city, uh growing the arts um a number of years ago.

And uh currently our organization has is statewide, but it has offices all over town, including the Eastgate area, which is gonna be interesting to just hear what could possibly be happening on the Northgate side.

My name is Greg Tyler.

Uh I am uh I'm in the advertising business, but not really here in Chattanooga in New York and California.

But I am president of uh Frenza Hickson, president of the uh uh Valley Brook uh HOA, president of the Hickson Coin's Club and a lot of things in Hickson.

So uh Jeff asked me to participate in this, and I'm glad to be here.

I'm Susan Gilmore, I'm a realtor with real estate partners Chattanooga, and I also serve on the Board of Zoding Appeals, proudly representing District 7.

Uh my name's Jim Floyd.

Um I serve on the IDB Rivnadia, and um I guess my history is I worked with an engineering firm that uh manage numerous infrastructure projects for the state and the city around the town and currently own the home business.

So I'm Daisy Madison.

I am a retired CFO for the city of Chattanooga for 29 years, and I um in Joy 9 and um retired.

I I I say I'm no longer paid, but I still love working for the city and on behalf of the city.

My name is John Michelle.

I'm a developer for CBL properties.

I've worked on developing and redeveloping malls for almost 30 years, and I'm excited to be here to explain a little bit about what we're hoping to partner with the city on.

I'm also here just to let you know with colleagues, um Stacey Keating, David Newhoff, Kurt Hammond Tree of CBL, Dan Cannon is our civil engineer with Miller McCoy locally, and Mark Smith is representing us um on the legal side.

Great.

Thanks so much.

Um with that, I think um it's okay.

We'll go ahead and turn it over for the let me just uh introduce the folks on the screen.

Oh, thank you.

Sorry.

Go ahead now, Betsy.

Hi, um good morning everyone.

I'm Betsy Knott.

I'm an attorney with Bass Barry and Sims.

I'm here with my colleague Mark Mavenhoff, I believe he's on the phone number that called in.

We represent the city 90.

Thanks so much.

Um with that, we'll go ahead and move to kind of a uh general, I think introductory and educational session on kind of what is a TIFF.

Um, and that'll be Winston that'll cover that.

So thanks so much.

Thank you, uh meeting.

Well, uh it's lucky yeah.

Let me see if I can't just pull up a document real quick here.

Um we started in earnest.

Hopefully this won't take too long.

Has every anybody ever been um on an application review committee before?

Uh Daisy maybe has then.

Not in this capacity, but I have moved application.

Well, so um I'm Winston Brooks, and I'm the director of economic development here for the city of Chattanooga, and this is uh a great opportunity for us to discuss this morning and uh looking forward to working with you.

First of all, I want to thank you so much for uh taking your valuable time to come and serve on on this committee because it's really important um for many reasons.

Um I just want to talk a little bit about increment financing so everybody understands the the basics of it, and everybody probably may have if they did their homework science, but if not, this is the time we'll kind of um run through it real quick.

Um so on this uh here what's interesting is um when you have tax increment financing, it's a it's a it's a financing agreement, and um it sounds really complicated, but it's really not.

So the the base property tax.

So if you think about um a potential um property sitting there and it's paying its base taxes, and it it could be a greenfield, it could be a brown field, it could be um a mall, it could be an office building.

Um this um program was put in place originally for blight, but it's come a long ways because it's such a popular and such an easy way to finance development that a lot of times cities haven't planned for in our capital budget.