Action for tonight's work session is about our big grants and building improvement grants.

And I'm gonna turn it over to our assistant city man.

Nope, I'm gonna turn it over to our economic development coordinator, Miles Glowacke.

You're welcome.

No.

Oh no.

Can you guys hear them?

Maybe just have to hold it.

Okay, yeah.

Okay, next.

Yes.

Um the agenda for tonight is we'll go over the purpose, the background, uh program objectives and scoring rubric, talk about a minimum minimum scoring threshold, program eligibility requirements, and then take questions and comments.

The purpose of the work session tonight is to discuss changes to the building improvement grant program.

Um we heard feedback at the last um urban renewal session, and so we're bringing changes before the board.

What we heard was to create a clear connection between the big scoring criteria, the 2040 vision plan, and the URA plan.

Consider using a scoring rubric to incentivize projects that create housing in the town center increase increased assessed value and create a scoring methodology similar to the RFU process that assigns higher weight objectives of importance.

And then EDC also had a comment that they'd like to see some kind of financial viability for the project on the applicant's part.

The statement of purpose in the urban renewal plan is to further eliminate blight and bleding influences, improve the utilization of land within the area, encourage private investment and job creation, and increase the taxable value of the of the property.

These are the objectives of the URA plan related to the building improvement grant.

Um read them up there.

Um create a program to reduce development costs, assist business retention expansion efforts, and encourage a mixture of land use, um, including retail office and housing along the corridor.

Oh I have to take any test test.

Okay.

And next slide, please.

I'll turn it over to Kim for this portion.

Thank you, Miles.

Mayor members of council.

Uh so tonight we're going to talk a little bit about an overarching framework for how the objectives can then tie to the URA plan and then the 2040.

And then we'll be going through each objective and how it can be measured in some detail.

So at this stage, thinking about that overarching picture, and then we'll go into detail um later on.

Um, and so what we had done what we worked through and Miles and Jesse and I is linking all of the statements that Miles just went through.

So all of the statement of purpose and all those objectives that are related to the building improvement grant and creating program objectives that link up to those.

And so that's what you'll see on the right hand side is if it's a statement of purpose or a specific objective and how that ties into a possible proposed program objective on the left-hand side.

And so we have seven program objectives.

Next slide, please.

Next up, we went into the vision 2040 plan and identified all of the 2040 actions that are related to the building improvement grant program.

There were six.

Next slide, please.

Oh, thank you.

Sorry.

So and then we went, oh no, previous slide.

Oh, there.

So then we went and did the same exercise.

So attaching each of the vision 2040 actions with the proposed objectives.

You can see that some actions tied to multiple objectives and some objectives didn't have an action that directly ties to it.

Next slide, please.

And then we combined all of these together into one total slide.

Wait one second for it to get pulled back up.

So on the left hand side, you'll see again that we have the objectives.

The middle is the URA statement.

And then on the right hand side, the 2040.

And then we did reorder these objectives.

In the ones that tie the closest to the URA or 2040, is in say the first item encouraging construction of housing mixed use development ties to three different sections in the URA plan and three different actions in 2040, down to the bottom of encouraging private development, encouraging preservation that ties the URA, but don't necessarily have a strong connection to vision 2040.

And next slide.

So these are the policy questions we're going to ask at the end of this particular section, but want to have these in mind as we're going through is do these proposed objectives meet the goals of the board?

And are there any uh proposed objectives the board would like to remove?

So those we'll come back to at the end.

But as we're working through each objective, we're gonna be talking about the metrics and the measurements that are involved in it, and we're gonna ask for comments on each of the proposed metric or each of the metrics that are proposed for each of the proposed objectives.

A lot of me using the word proposed in one presentation.

Uh next slide.