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

part of the EIFD, I think this is the most impactful space that will benefit the larger community.

So while it's not represented in the dollars that we'll talk about in a few minutes,

this for me is that impact moment. So we have ground floor space that has conference rooms,

it has large event spaces, and as you see in the top image it's got a ton of touchdown space.

The goal is to provide restaurants and cafes and create multiple points of true invite to anyone

that wants to feel welcome in this space that they could come use it to host coffee with a mentor.

They could rent the conference room at the very end behind the wood panels to pitch their large deck.

And or if they're ready to come and take space they can come upstairs to a concept called Connect Labs

which is a turnkey short term office and wet lab space. So you'd be able to come and scale up and

down really quickly. So we want you to be able to grow in these spaces as well as just imagine

yourself in these spaces. When you look at the overall site it is impressively large. I'll

highlight the buildings that I mentioned earlier. So 100 and 200 are the two lab buildings.

100 is on pause for construction so that's still currently parking in lay down area.

200 is a seven story class A lab tower which is connected on the first and the second floor

to 300 Aggie Square which is that office classroom workshop and event space.

The visuals I was showing of the conference room in the soft seat touchdown is at the bottom of

the the V that looks kind of like it's jutting out from the base of 300. That brick was locally sourced

by each sea mud ox. It's one of my favorite design moments of the space. We've got two mixed use

residential and then the parking structure. Where we're really going to focus for the EIFD time

is the area in between that interstitial area that brings value through infrastructure to both the

project and the surrounding community. So you'll see the different phases and conceptual dates

of when this work will be complete but it's a lot of underground and subsoil work. I'll give some

some fun facts. We did just complete the underground work for Aggie Square about a month ago. We added

$3 million worth of additional infrastructure on the underground including 800 feet of domestic water

piping 2000 feet of fire water 2700 of stormwater and 1340 of sewer pipes. So that's all underneath

the color coded sections. There are many sections are being built as we speak and they include concepts

such as new roadways, intersections and lights, enhanced drive aisles, the purple area to get you

into the new parking structure and then beautiful outdoor spaces in which you can host events or

just come and read a book or do some work and the ones I'll highlight I'll go slow with my mouse.

We've got Aggie Square of a namesake which is a very large area of landscape and seeded area.

Of that we have $5.5 million worth of investment in landscape and site furnishment including the

benches and the bike racks. We have 213 new trees coming to site along with 4,416

understory plantings so underneath canopies that range around the building and then the other two

areas of outdoor interest are a plaza north of the lab building and a plaza south of the mixed

use residential. These are some progress photos. All of this work will be complete by the end of this

year doing punch list through January of next and open to the public by February but creating a

lot of new spaces for which you can come and just be a part of Aggie Square. So I'll pause there

and see if there are any questions. See, Councillor Weiss-Mayer-Maple. I actually if it's okay I'll

wait till the end of the presentation. Very good. I don't see any questions from the members here.

Well, please continue. That's what I have for you guys. So I'm happy to go through any questions

if you want to go. Since you're you're complete then. All right there you have it. Well let me

ask staff if that concludes the presentation by staff. Yeah that concludes our presentation.

Before that just let you know there's tours available for Aggie Square. It's different

seen on paper versus seen in person so if you guys are available for the PFA board to do a tour

we'll be happy to set that up. Thank you very much. Let me bring this to the clerk. Mr. Clerk do we

have any members of the public sign up to speak? Thank you chair. I have no speaker slips on the

side. Very good. Let me bring this back to the authority here. Weiss-Mayer-Maple. Thank you chair.

Well first of all thank you. It's so great to get an update on this. I feel like you know we

we at least you and I are can I get to hear about this quite a bit just because of our proximity

but I do always appreciate the communication both on Wexford's part and UC Davis. I feel like

we have a really good sense of how things are going. I'm really exciting to hear and to see it

every day because I live in the neighborhood to see the progress. So very exciting. One of the

questions I have and I don't know if this is appropriate for Wexford or Fitzmore for like Leslie

or someone else but around the status of the leasing of the space for tenants. I'm not sure how much

if any has been actually leased out yet so if anybody has seen it. I think Claire can give us an

update on the leasing if you don't mind. Yes. Yeah happy to. So Wexford is responsible for leasing out

all of the spaces but for the mixed use residential space that's our JV with our residential partner

of the lab in the office tower. We have about 65% pre-leased through university use. So that ranges

from their biomechanical engineering programs maker space up to a surgical excellence and training

program space to multiple classrooms and then flex laboratories for some of their incredible.

We like to call them rockstar PIs. PIs being a principal investigator someone that you would see

in the news for pushing forward incredible innovation. In terms of the remaining 35% for industry,

we are in early stages with some incredible companies until we get them under at true lease.

We don't announce those companies but you could imagine they would be ones that play really

nicely with the somatic adjacencies of the university. So surgical skills, biomechanical engineering.

I really got to get that one down tighter. Food is medicine and then anything to have to do with

the life sciences at the hospital produces. So you see a lot of burn care and a lot of pediatric care

in the hospital. So that would be a tease of some of the industry that you could likely see.

Okay, no that's really helpful, Claire and you do a great job. You do a lot of difficult words.

Well that's really good to hear because it's definitely a question that we get from community

members quite a bit especially from some of the neighborhood associations and the groups that

were part of that kind of sacrament of investment without displacement. Just interested in

whenever it maybe could be announced and I totally understand needing to do those negotiations

and before you make it public. I think it's really important and I know that you and UC Davis have

said both been working on this in terms of workforce development. But you know it's a keen interest

of mine. I think others on this body that we get the people in the neighborhoods trained up

with the appropriate skill sets so that they can you know perhaps take some of these jobs. So

looking forward to working with you on that. Thank you. Thank you vice mayor and I think at our

two o'clock council meeting we've got an action on the high roads partnership that is linked to

the work that we'll be doing for Aggie Square. With that let me pass over to councilmember Jennings.

Well I'll do do everything that the vice mayor said and I am very interested in the tours and

hopefully have the opportunity to go myself but if we can organize it so that all of us can go if

they haven't been yet I'd love to organize it so that we can all go at one time and that's when

I really will have my questions that we can answer as we are on that tour and seeing all the great

things that are going on. Definitely sounds good. Great thank you. I do want to thank everyone here

who's taking a big part in it. I do want to thank Simeco also who from UC Davis at the Aggie Square

team who's been out at every community event that I can imagine. I almost feel like I need to

put a little district six spot right there for her because she's at everything we do.

And I also want to acknowledge and thank both our city team and the Wexford team and the

UC Davis team for the most recent awards to do the after school STEM programming and I think we

have a few. This is our first one and at the gate and I think we've got a few good projects

on both sides of Stockton Boulevard that are going to benefit our young people to make sure that

the education component, the youth education component and the pipeline component move forward.

So with that let me ask and see if there's anything other comments from our board members

and if not then I will ask the board we need a motion to approve the report and the budget here.

I'll open and close public hearing and move the item. Thank you. The public hearing has been open

and closed and the item has been moved. Is there a second? I'll second. It's been seconded by

our board member Evan on this with that. All those in favor signify by saying aye.

Aye. All those opposed? Measure passes. Okay. Mr. Clerk, next item.

Our next item is member comments, ideas and questions. Any comments from the authority?

Seeing none, we'll let's go and are there any public comments on matters not on the agenda?

I have no speaker slips. Okay then we are adjourned at 10.20 a.m. Thanks everyone.

Thanks all looking forward to seeing you soon.