I call the land housing and economic development committee to order.

Ms.

Hall.

Thank you.

We would like to acknowledge that the city and borough of Chuno is on Clinkett Land and wish to honor the indigenous people of this land.

For more than 10,000 years, Alaska Native people have been and continue to be integral to the well-being of our community.

We are grateful to be in this place, a part of this community and to honor the culture, traditions, and resilience of the Clinkett people.

Goodness cheese.

Mr.

Blyden, would you call role?

Yes, Mr.

Chair.

Assemblymember Kelly.

Here.

Assemblymember Hall.

Here.

Assemblymember Steininger.

Here.

I'll note that Alisa Hughes Gandhi's is absent.

And we also have Mr.

Brooks in the audience as well as the mayor with us this evening as well.

Thank you, Mr.

Bleiden.

Is there any objection to approving the agenda as presented?

Seeing none, the agenda is approved.

If there's no objection, I'd like to actually uh hold approval of the minutes until the next meeting.

Seeing no objection, those minutes will be held.

Mr.

Bladon, would you please uh begin with the first agenda topic?

Sure.

Before we get started here, I'll see that we have Assembly member Greg Smith on attending on Zoom today as well.

And his hand is raised.

Thank you.

Um Mr.

Smith.

I just joined him as panelists, so there may have been a break there.

That may have also been why his hand was raised.

All right.

Thank you.

Let's uh get started with our first agenda topic then.

Thank you, Mr.

Chair.

First topic on the agenda this evening is the Juno Housing First Collaborative request to lease city property located off Sean Drive for less than fair market value.

In this packet agenda topic begins on page nine.

And I have a couple of slides that I'm going to share with you this evening as well that I will load right now.

Great, thank you.

So uh we received this application from the uh junior housing first collaborative request to originally they asked for uh the acquisition of a city property, but after further discussions with the applicant, it was determined that the lease made more sense uh for the fact that the city wanted to retain part of this property that is located off of the northern piece of commercial drive for access to the Lemon Creek Trail and also access to uh other city properties that are further up Hidden Valley.

So this property is located in Lemon Creek off of commercial boulevard with frontage on Sean Drive.

The property is just over seven and a half acres and is listed as retain in the land management plan and is currently zoned rural reserves.

Both those two uh issues are things that the assembly and planning commission are going to have to grapple with in order to move forward with this application.

So this project aims to accommodate individuals below the 80% AMI, and the applicant has also requested a longer than average term for this lease, generally speaking, city leases are 35 years or less.

Uh but in order to get financing and in order to uh build equity in this property.

It seems like this type of use would need to be 45 years to 60 years.

That ties back into their original quest request for acquisition of this property as well.

And so the property is close into proximity to the existing housing first uh facility, which is located on Allen Court.

And so I just wanted to provide uh an updated image of the location here.

You can see uh following my cursor on the screen here.

To the north of this property is Home Depot and Costco.

And uh along commercial volevard, the assembly recently reviewed an application to rezone properties, which were successfully rezoned to light commercial.

This applicant has submitted an application to try to rezone this property as well.