Board Of Aldermen - Minutes - 3/15/2021 - P19

By dnadmin on Mon, 11/07/2022 - 06:59

Special Board of Aldermen 03-15-2021 Page 19

of 100%, so you can say 50%, you can say 30%. | think you need to know the dollars you are talking about
and the amount that the City is going to contribute. And as | say, | think the City’s contribution is envisioned
not to be the lion’s share and not even close to that. So yes, you can be very specific in what properties
will, in fact, be paying.

Board Of Aldermen - Minutes - 3/15/2021 - P16

By dnadmin on Mon, 11/07/2022 - 06:59

Special Board of Aldermen 03-15-2021 Page 16

Alderwoman Kelly

Thank you. | have to echo what Alderman Jette said. | think that this has been a good discussion. | think
there’s a lot of questions that people on this Board have including some basic knowledge of where that
project has gone, even since the last non-Aldermanic conversation. | don’t know how | can say | support a
TIF when | don’t know what the plan is.

President Wilshire
Anyone else? Alderman Clemons?
Alderman Clemons

Board Of Aldermen - Minutes - 3/15/2021 - P15

By dnadmin on Mon, 11/07/2022 - 06:59

Special Board of Aldermen 03-15-2021 Page 15

wouldn’t even use a TIF for the environmental remediation. Now all deals change as time goes on and |
can tell you right now the thought process would be that some of those TIF dollars would go to the
environmental remediation. So if anyone has a concern about that, | would like to know that, because it’s
going to be important for us to be able to structure this deal to make forward.

Alderman O’Brien

Board Of Aldermen - Minutes - 3/15/2021 - P13

By dnadmin on Mon, 11/07/2022 - 06:59

Special Board of Aldermen 03-15-2021 Page 13

The difference here is that you encapsulate asbestos and the asbestos starts to leak and it is granule stuff,
you can go dig down and re-capsulate it. This stuff is heavy metal, real bad stuff that if this starts to leak
out is going to really and has wreaked havoc. So | guess to reiterate my point is I’d like to see more of a
plan.

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