Alright, so I'm gonna call this meeting to order at 6 p.m.

on the dot, I think.

Um so let's go ahead and get started.

So let's first start with attendance.

So Ryan Holly is present.

I'm in the chair.

To my left, I have Councilman Michael Henry, and then to my right, I have Councilman Lou Giordano, the seventh ward.

Um ex officio in the room.

You start uh let's start the table, just announce yourself and uh John Lapion, second ward here in the bench and AT6 ward show Frank Salvatore, third ward, Peter Bazay, third ward.

I'm gonna hide at large, and Dre Gartner and Fifth Ward.

All right, and then at the table, the members of the committee, who I just skipped over.

Let's over here.

Uh Dan Castogrande Corporation Council.

Robin Edwards, Deputy Corporation Counsel.

Taylor O'Brien, Chief of Stafford.

Hey, Derek Director of Finance.

Glenn Santoro, Robinson and Cole Bond Council.

Thank you.

And then ex official member, councilwoman Candace Faye is here, and then members of the public and Burton.

Hi, Steve Courtney, Danberry Proton.

Thank you.

Uh Greg Burton from Carmody Torrent Sandack and Hennessy, counsel for the uh developer.

Thank you.

Mike Grell, uh lobbyist government relations for Danbury Proton.

Joe Piscotel, DMG worldwide, we're advisor to Denver Proton.

Drew Crandall with Danbury Proton.

And then Jeff Harrell, citizen.

Tom Brown also is a citizen.

Awesome.

All right, did I miss anybody?

All right, I think we're good.

All right, so we're all present.

Um before we begin, I should want to kind of uh briefly outline how uh tonight will flow.

So first we're going to be hearing a prepared presentation from Danbury Proton.

During that presentation, I ask that you keep your comments and questions uh to yourselves and just keep those held until we get to that portion.

Following that, we will hear from both the mayor's office and our bond council to provide their respective perspectives.

And then uh after we hear from those uh bodies, we will the members of the committee will open the up to questioning.

And uh then after the questioning has been exhausted by members of the committee, we will go from left to right for ex officio members to ask any questions.

First, we'll start with members of the table, then go out to the um outer ring.

And I'm just asking everybody to please keep your remarks uh succinct, and I'm really just trying to focus on one question, one follow-up because there's a few members here, and this is uh a decent matter that we should should be um allocating some time to discuss.

So we want to make sure everyone has their um ample time to ask questions, and then also just reminder to ex officio members in the room, please.

When you're addressing your remarks or remarker through the chair, and then uh after we finish the full round, we'll go back uh the same way.

The committee will be asking questions or comments, and then we'll open up to right to left for final rounds of questioning, and then we'll be at the point where we could uh either make a motion to recommend this to the council or possibly extend this ad hoc if we get to that point.

So that's kind of uh the way I want to run things tonight.

So um with that, I will pass it over to Proton and we can start the presentation.

Thank you everyone for being here.

All the council members in particular, legislators, etc.

Um, particularly Mike and Lou who have a responsibility here.

We have brought key members of our staff who just briefly introduced themselves there.

Um I know life is short and there is not much time, so we'll try to make haste with our presentation.

Uh first of all, um what we'll do is explain the city's role as a conduit issuer.

We'll clarify the legal and financial projections.

We'll outline the bond issuance process, focus on the proposed bond resolution in particular, and identify the direct benefits to the city, which uh we'll say twice because there's some significant ones uh in terms of direct financial benefits within the first two years.

You'll get 250,000 at bond closing, $30,000 uh for monitoring services, if you will, for uh for every year.

And because it's of the construction complexity, etc.

There's an awful lot of building permits uh that are actually necessary, so there'll be another $550,000 uh during the two years of construction that also comes to the city.

And then annually, the city will get those um monitoring fees uh as well.

Just a brief recap.

I'm sure most people know what proton care therapy is here, but very briefly normal uses an X-ray beam.

And the protons, we use just the proton.