On December 1, 2025, the Cleveland City Council convened a Committee of the Whole meeting to review and approve a series of emergency ordinances and legislative motions. Key agenda items included financing for the Erie View Tower hotel redevelopment, funding increases for the Greater Cleveland Film Commission, lease amendments for Lakefront Parks and Public Square, and the restructuring of the Department of Economic Development into the Department of Development. The meeting featured significant discussion regarding the implementation of Community Benefits Agreements, the balance of funding between downtown and neighborhood parks, and strategies for improving the efficiency of city operations.
What is a mic? Mike Mike. What is the number for that again? Because I'm gonna announce and tell everybody that it won't be until like later this afternoon. These five ones that have six. These two are component pieces. I guess from the same developer, but they're only the comments. Okay. You know what the number is? I gotta call you back, buddy. One more. What's the browns one? On what the browns one? What's the number for the browns one? Thirteen twenty-five. Okay, all right. That's why I'm gonna make sure that's compared. This committee of finance diversity, equity, and inclusion is called to order. Madam Clerk, please call the role. And uh read the amendment. The amendment is there is no legal objection to this legislation if amended as follows in section three. One in section three in the first paragraph at line nine strike and previously reported to council and are now on file in the offices of the clerk of council and the director of finance set forth in the project petition to adopt it is adopted and confirmed, and that this maximum special assessments are levied and assessed on the property. And in the second paragraph, at line six strike, the semi-annual installment of the special assessment shall be collected in each calendar year equal to a maximum semi-annual amount of special assessments as shown in the project petition. In the third paragraph, in lines two and six, strike aggregate and insert maximum in both places. In line eight, strike, certify a final and insert provided and amended. In line nine, strike which final and insert and the amended, and in the fifth paragraph, line three, strike list and insert schedule. This was dated 1114 25 by Mary Comley Cornley, assistant director of law. Director. Thank you, Council President. Um good morning, everyone. Happy Monday. Um I am here uh with Rich Morehouse of KJK and Andy Wolschlinger from Turndev. Um I'm also joined by um Bobby Bruno, who has been the project manager on this project. Bobby will be able to speak to our um participation and um the project team can answer any questions around the project. Um good morning. Uh so this is a pace deal. Do we have slides by chance? Yeah, on the tablets on the show. Thank you. Uh so this is for the hotel part of the redevelopment of the Erie View Tower here downtown in the Erie View District. Uh, and so this is for pace financing. So property assessed clean energy financing, uh, which is sort of a creative financing tool that allows property owners to uh get uh bank or other lender financing uh on their property for uh clean energy improvements, and kind of what makes this special is that they will be paid back on an as a special assessment over and above their property taxes. Um so this is for clean energy things like solar panels, uh energy efficient, uh lighting, um, low flow water systems and things of that nature. Uh so the project again, this is for the hotel piece of the Erie View Hotel or the Erie View Tower redevelopment. Uh there's also a residential and a commercial office component to this project, but this financing will just be on the hotel. Thank you. Uh and finally, um, so the financing itself, it will be provided by uh Greenworks lending up to 43 million eight eighty-one eight sixty-four, uh financed over a period of twenty-eight years. Um it will be those sort of uh HVAC controls, building envelope, water heating, and lighting uh upgrades that exceed energy standards, uh, and the special assessment uh will be in semi-annual payments up to about 1.9 million dollars. And with that, um happy to answer any questions. Thank you.