All right, thank you. I now call this meeting of Aggie Square and Anz

Infrastructure Financing District Public Financing Authority meeting to order at 10.05 a.m.

Clip, will you please call the rule? Thank you, Vice Mayor. Member Tithrington is

absent. Member Hernandez. Member Jennings. Member Gira is chair Gira is absent and

Vice Mayor Maple. I am here and I will lead us in the land

acknowledgement and picture of allegiance. So please stand if you are able. Please

rise for the opening acknowledgments in honor of Sacramento's Indigenous

people and tribal lands. To the original people of this land, the Nisanan people,

the southern Maidu, Ballyam Plainsbywalk, put to win two peoples and the people of

the Wilton Rancheria, Sacramento's only federally recognized tribe. May we

acknowledge and honor the native people who came before us and still walk

beside us today on these ancestral lands by choosing to gather today in the

active practice of acknowledgement and appreciation for Sacramento's Indigenous

people's history, contribution and lives. Remain standing, Salute and Pledge.

I pledge allegiance to the flag of the United States of America and to the Republic

for which it stands one nation under God, indivisible with liberty and justice for all.

All right, thank you. And now we will move on to the consent calendar. Do we have any

questions, comments, do we have any public comments? I'm consent. Thank you, Vice Mayor. I have no

speaker slips on this item. All right, any members? I have read through the consent calendar and

I move approval. I have a second. All right, I've got a motion in a second. All those in

favor, please say aye. Aye. Any opposed? Substain? All right, that passes unanimously.

Moving on to our public hearings, item number two, the annual report for the Aggie Square

Enhanced Infrastructure Financing District. Physical 2425 Budget. Welcome.

Thank you. Good morning, Vice Mayor Maple and members of the PFA. Members of the

P, Aggie Square PFA Board, it's good to see you guys. It's only once a year, so I'm glad you

guys are here today and we're going to move forward. My name is Cini Malkicini with the finance

department. The annual before you is the public hearing on the annual report of the City of Sacramento.

Aggie Square Enhanced Infrastructure Financing District. Staff is here to conduct a public

hearing and upon conclusion, pass the motion adopting the fiscal year 2324 annual report for

the Aggie Square EIFD. Also adopting the fiscal year 2425 Revenue and Expense Budget. Both were

included in the agenda packet. The annual reporting requirements mandated under the EIFD statute

have been addressed and shown on pages one and two of the annual report. Before we open and

close the public hearing, we do have Claire Drummond from Works for Development who will give us a

real-time update on the Aggie Square Development. Welcome, Claire. I'll turn the time over to Claire.

Thank you. Thank you, Cini. Wow, you don't have to get to see yourself on such big screen like

that. I'm looking at the door. Let me see that. So I'm going to screen share. Please let me know

when it's showing up on your side. You can see it. We're good. Thank you, my smare.

All right, some of you know this very well. So I'll go through the high level, but I do want to hit

on some really exciting and important notes about why Aggie Square is doing the work that it's doing

and the value that we see that it brings not only to the tenant base, but also to the larger community

around Sacramento and specifically around Stockton Boulevard.

Aggie Square is a 1.1 million square foot development. It sits on about eight acres of development south of the

university at California Davis Health System, the hospital on Stockton Boulevard. That 1.1 million is

comprised of five buildings ranging from class A lab space to office classroom workshop

community space to mix used residential and of course parking. We would be remiss to deliver this

much space and not bring a brand new parking deck to the area. The goal of Aggie Square is really

to create a confluence and merge multiple different groups of people to allow access into the

incredible research that the university at UC Davis is doing as well as private industry and really

creating space for entrepreneurs, community members, individual players, students to come connect,

amplify and accelerate their work and new discoveries.

Wexford's model is built primarily on developing with universities. We see that juxtaposition of private

industry, small entrepreneurs and universities as a rich one to pushing forward innovation and

development because you're bringing together three unique perspectives that otherwise might not be

in the same room together. So up on the screen you'll see examples of both our institutional or

university partners, our larger corporates, and then startups which are typically hosted in a space

called Connect Labs and I'll tell you guys a little bit more about that as well.

Wexford prides itself on its ability to bring these ground plane spaces that create accessibility

and community reach and pull. We are not aiming to be a tech park or an ivory tower. We are meant

to intersect with all different walks of life and business and you see that very clearly in the way

we develop ground floor space. The reason I'm highlighting this space particularly while it's not