Okay, uh we will uh begin the city parkway five Inc.

Board meeting for October 27, 2025.

Our first item is to do a call to order and a roll call.

Rosa Cortez.

All right, and Mike Jansen.

And with that, I believe we have a core.

We have a core.

Okay.

Move on to item two, which is an announcement regarding compliance with open meeting law.

We are compliant.

All right, great.

Item three, public comment.

Comment during this portion of the agenda must be limited to matters on the agenda for action.

If you wish to be heard, come forward and give your name for the record.

The amount of discussion as well as the amount of time any single speaker is allowed, may be limited.

Uh seeing no one for public comment, we will close public comment, move on to item four.

Item four for possible action to approve the final minutes by reference of regular meeting of July 7th, 2025.

I make a motion to approve the final minutes.

I'll second that.

Move on to item five, discussion for possible action regarding the election of officers to the city parkway five Inc.

Board.

Raven Cole Management Analysts, Economic and Urban Development.

The proposed officers are as follows.

We have Mike Jansen for President, Susan Heltsley, Secretary and Treasurer, Rosa Cortez, Vice President and Chief Financial Officer.

Dina Babski, Vice President and Chief Operating Officer.

Yeah.

Okay.

I make a motion to approve the election of the proposed recommendations for the officers of the City Parkway 5.

I'll second that.

And with that, that motion passes.

We will move on to item six discussion for possible action regarding the appointment of directors to serve on the Symphony Park Master Association Board.

Raven Cole Management Analyst, Economic and Urban Development.

The proposed officers are as follows.

We have Mike Jansen voting member, Susan Heltley, voting member, and Rosa Cortez voted voting member.

I make a motion to approve the appointment of those serving on the Symphony Park Master Association Board.

All right, I'll second that.

And that motion passes.

Move on to item 7.

Discussion for possible action regarding an amendment to the amended and restated community center community charter for Symphony Park.

Charter by City Parkway 5 Inc.

Corporation as founder during the founder control period as permitted under the charter to add an additional land use classification to exhibit D of the charter for the parcels in the project which are owned by the City of Las Vegas or an affiliated entity and improved with parking garages and which are located at 350 South City Parkway, APN 1393 21104, and 355 Promenade Place, APN 1393 610033, which new land use classification will have no equivalent units or voting rights, and to grant to the president of the corporation the authority to execute and record the amendment to the charter as approved as to form by the corporation's council.

This is Ward 5, Councilwoman Summers Armstrong.

Can we get a staff report on this?

Yeah, Kelly Swanson, administrative officer for economic and urban development.

This item is to inform you and allow for discussion of staff preparing an amendment to the community charter for Symphony Park, which will clarify that the parking portions of the parking garages will not be assessed nor have any equivalent units nor voting rights attributed to them.

Okay, any uh questions on that item.

Happy to take a motion.

I make a motion to approve the amendment to the amended and restated community charter for Symphony Park.

Okay, I'll second that.

And that item passes.

Move on to item eight.

Discussion regarding City Parkway 5 Inc.'s role in the new Symphony Park Master Association.

We get a staff report on that.

Raven Cole Management Analyst Economic and Urban Development.

Um essentially we put together a timeline uh for the end of the founder's control period.

So the first couple slides are just an explanation of what it is.

The founders can uh the founder is the development manager for Symphony Park.

That's CP5.

Umrights were given to the founders, such as the right to appoint the majority of SPMA board until the termination of the founders period.

So one of our deadlines will be voting for a new board.

The founder control period began when the community was created and ends when certain events are triggered.

So on our next slide, the trigger of this end will be the 75% of parcels conveyed to owners other than the project owner.

We can go to the next two slides.

We can skip over that one as well.

The anticipation is that parcel E will close on Tuesday, December 30th, 2025.

Then the founders control period ends.

60 days later will be February 28, 2026, and that's ultimately the end of the founders' control period.

But we've given them a little grace period as well to help with the transition.

So five directors are to be elected to the new board.

Um by Thursday, February 19th, the managing agent.

Sorry about that.

The managing agent must be contracted for general and administrative duties.

So by February 19th, we'd have like to have the new managing office come in and basically be running SPMA.

We have some notes for them in the next meeting regarding the duties that we did process.

By Thursday, February 26th, the founders to have turned over all books and records of the association as well as all properties.

So we have to clarify, and we don't necessarily have much property, uh, but it would include any vehicles or offices that we would have purchased to help maintain.

We don't have those.

But our books and things will be turned over, and then the 60th day is Saturday, February 28th.

So the Thursday before that would be the date that we'd have everything turned over to them.

And parcel E, that is uh which project again?

Red Ridge.

Oh, Red Ridge is okay, gotcha.

The cello tower.

Okay.

And then, oh, sorry.

Oh no, no.

That's pretty much it.

Um, we would give them basically that six-month grace period is what I was explaining, and we'd like to have that done by Tuesday, June 30th.

And this item, Raven, uh just discussion, there's no action on this item, it's just really to get us up to speed on uh what's coming up.

Correct.

This is Sandy Turner, uh, deputy city attorney from the city attorney's office.

Just for clarification, if any of those dates were to fall on a Saturday, as Raven noted, um, then the last day will actually roll into the next business day, which should be a Monday.

So we'll make a couple adjustments on those dates, but nothing of significance.

Gotcha.

I know we've been talking about this for quite some time, knowing this day was coming and you know the pros and cons associated with staying in the current position, or just you know, essentially, since we're divesting ourselves of almost all of the property, it's it's the right thing to do.

And so um, I think we just continue to prepare ourselves to be as uh ready as we are to give uh the new board everything uh they need to uh take over property management.

And will this be essentially like a uh HO management company that'll be taking it over?

Uh yes, Dina Babski, that's correct.

So they should be looking for an HOA.

Uh that's why we're giving them the grace period because you know we want to make sure that the transition is smooth.

So we'll continue to serve as their HOA until the 30th.

Any other questions uh from the board?

Can I get a copy of this presentation?

Yes, thank you.

All right, if uh no further discussion on this item again, it's just uh informational.

So we'll move on to item number nine, and this is an abeyance item.

Report by staff regarding the Donald Reynolds Symphony Park maintenance and use covenants, ward five Summers Armstrong.

We got a staff report on this.

Tracy Wright redevelopment manager, economic and urban development for the record.

A few months ago we discussed that the uh Smith Center who is responsible for the maintenance of the park.

We're not upholding the covenants that they are uh under uh jurisdiction for for the maintenance.

Uh we have had several discussions with the director, uh Myron Martin.

We've had several conversations with um the SPMA board member and Myron and some things.

We finally uh came to an agreement with with Myron.

He has reseeded the park, it looks very nice right now.

He's back in compliance.

He will be bringing forth uh changes to the park design for the Master Association board and for the Symphony Park Design Review Committee to review.

We've seen a preliminary design for it is very different, very um a lot of hardscape and not so much and not hardly any grass at all with with that.

Um I'm not sure how that will be received by either of those two organizations, but we're on the right track to get this resolved.

Uh potential uh timeline of where the uh reseeding.

I know we had a lot of feedback on the grass-related components with the uh ribbon cuts coming up, I think, for a couple of big projects and wanting to see that park's grasp be as uh you know as good as it could be.

Um does that look like we're on track for that to be where it needs to be?

Yes, they they reseded it, uh Tracy Reich redevelopment manager for the record.

They receded uh about three weeks ago, and it has actually it actually cannot see the dirt patches right at the moment.

So it is on and they have it um fenced off so that there is no activity in there to allow that grass to take take place.

So for uh ribbon cuttings for the ULI awards, the park should look in uh pristine condition.

That's great to hear, and I'm glad it uh finally came together.

I know we discussed it quite a bit.

Um any other further uh questions or discussion on this item.

This is just a report on uh the status of uh the park maintenance.

No further questions.

All right, no further questions.

Then um we can move on to item 10, which is citizens' participation.

For item 10, public comment during this portion of the agenda must be limited to matters within the jurisdiction of the board.

No subject may be acted upon by the board unless the subject is on the agenda and is scheduled for action.

If you wish to be heard, come forward and give your name for the record.

The amount of discussion on any single subject as well as the amount of time any single speaker is allowed, may be limited.

Looking out, seeing those citizens who are participating, so we'll close citizens participation and we'll move on to item 11, which is to adjourn this meeting.

Thank you, everyone.