Portland Development Commission 11/09/16


>>>GOOD AFTERNOON.
I’D LIKE TO CALL TO ORDER THE NOVEMBER
9, 2016 PORTLAND DEVELOPMENT COMMISSION BOARD
MEETING. CAN WE TAKE THE ROLL? [ROLL CALL]>>THANK YOU.
COMMISSIONER REPORTS. WHY DON’T YOU START OUT?>>JUST A COUPLE OF, KIND OF,
SOMEWHAT PDC MEETINGS. I HAD A MEETING ON THE 17TH. CHAMBER MEETING ON THE 18TH AND
OUR AUDIT LE IAISON LIAISON.
>>MET WITH NORTH [INDISCERNIBLE], TESTIFIED AT THE PLANNING AND SUSTAINABILITY
COMMITTEE AROUND IZ. HAD A NUMBER OF MEETINGS WITH
ECO TRUST. ATTENDED THE PSU SIMON BENSON
CELEBRATION AND THE PBA BUSINESS LEADERSHIP MEETING AND THE DORN BECKER FREESTYLE EVENT.
COMMISSIONER MYERS?>>ATTENDED THE FIELD OFFICE
DEVELOPMENT ON FRONT STREET AND 10TH. RIGHT UP AGAINST THE DOCK SIDE
TAVERN. IT’S ACTUALLY A PRETTY GREAT
MODEL THAT HOPEFULLY WE CAN HAVE FURTHER DISCUSSION ON.
IT’S OUR 29TH PENSION-FUNDED PROJECT IN THE GREATER PORTLAND
AREA. ALSO ATTENDED THE
GROUND-BREAKING FOR THE MULTNOMAH COUNTY COURTHOUSE, AS
WELL.>>THANK YOU.
WAS THE GROUND-BREAKING — SO, I ATTENDED THAT AND THE SIMON
BENSON DINNER AND A NUMBER OF CHECK-INS WITH THE MAYOR.
SO, THAT’S MY STORY. EXECUTIVE DIRECTOR REPORT.
KIMBERLY?>>GOOD AFTERNOON, CHAIR KELLY,
COMMISSIONERS. SO, IT’S BEEN A BUSY MONTH.
I ATTENDED A NORTH BY NORTHEAST
COMMUNITY HEALTH RIBBON CUTTING EVENT ON OCTOBER 21.
PDC PROVIDED $360,000 IN COMMUNITY LIVABILITY GRANTS TO
FUND THIS PROJECT. THE COMMUNITY SPACE NOW IN A
PROPERTY THAT IS IN LONG-TERM COMMUNITY OWNERSHIP.
ALONG WITH MAYOR HALES AND CHAIR KELLY, DEPUTY
DIRECTOR JAVIER MENA AND 40 CHILDREN UNDER THE
AGE OF 10. WE ATTENDED THE 9101 PROJECT GROUND-BREAKING IN LENTS. SO, WE ARE ON SCHEDULE FOR THAT
AND I’M EXCITED TO NOTE THAT WE HAVE A NUMBER OF OTHER EVENTS THAT WILL BE COMING UP TO MARK
GROUND-BREAKINGS IN LENTS. SO, MORE TO COME ON THAT. I ATTENDED THE FIELDS OFFICE
GROUND-BREAKING WITH COMMISSIONER MYERS.
PLEASED TO ANNOUNCE — NOT ANNOUNCE, BUT PLEASED TO SAY THAT THE OREGON CONVENTION
CENTER HOTEL HEADQUARTERS WAS APPROVED BY DESIGN COMMISSION.
YOU’LL HEAR MORE ABOUT THAT AT A LATER COMMISSION MEETING IN
DECEMBER. BUT I DO WANT TO THANK THE PDC
STAFF MEMBERS WHO HAVE HELPED WITH THIS PROJECT, IN
PARTICULAR, ERIC JACOBSON AND MAUREEN BOWERS.
THIS HAS BEEN A LONG TIME COMING.
I THINK THE CONVENTION CENTER URBAN RENEWAL AREA HAS BEEN
AROUND FOR NEARLY 30 YEARS AND THIS IS THE PROJECT THAT REALLY
HELPED, YOU KNOW, GETTING THE HEADQUARTER HOTEL MOVED FORWARD
WAS A PRIORITY, EVEN 30 YEARS AGO.
SO, CONGRATULATIONS TO THAT TEAM.
I ATTENDED THE OFFICIAL OPENING OF THE FOOD CART POD ON NOVEMBER
1. THERE ARE THREE FOOD
CARTS IN THE POD AND I WANT TO RECOGNIZE
STEVE AND SUE HENDRICSON. WE MADE A PLAZA THAT RECOGNIZES
THE HISTORY OF THE NELSON FAMILY AND HAS A SPACE FOR COMMUNITY
MEMBERS TO GATHER AND POST NEWS. SO, THAT’S A GREAT TEMPORARY USE
THERE. ALSO ATTENDED THE PBA EVEN WHERE
COMMISSIONER CHARLES WAS RECOGNIZED AND
RECEIVED THE WILLIAM S. NATO OUTSTANDING
SERVICE AWARD. THERE WAS A STORY ON PDC
NORTH-NORTHEAST COMMUNITY DEVELOPMENT THAT YOU’LL HEAR
ABOUT. I’D LIKE TO RECOGNIZE THE STAFF THAT HAVE BEEN LEADING THAT
INITIATIVE, KIM MORELAND. THERE WERE MANY OTHERS.
THERE WERE WELL-ATTENDED COMMUNITY FORUMS.
I WANT TO RECOGNIZE THE HOUSING BUREAU, WHO HELPED GET PEOPLE
OUT AND WHO’S BEEN A GREAT PARTNER.
SO, COMING UP, I’M PLEASED TO HAVE PDC SPONSOR THE 13TH ANNUAL GALA EVENT THIS COMING FRIDAY,
THE 11TH. WE’LL BE ATTENDING THE ROSEWOOD
REMODEL GROUND-BREAKING EVENT ON THE 17TH.
I DO WANT TO MENTION THAT WE HAVE — OUR COMMUNITY LIVABILITY
GRANT PROGRAM IS CURRENTLY OPEN AND THOSE APPLICATIONS ARE DUE
ON MONDAY, DECEMBER 12. SO PEOPLE WHO ARE INTERESTED
SHOULD LOOK ON OUR WEBSITE. WE HAVE RESOURCES AVAILABLE FOR
NON-PROFITS WHO HAVE PROJECTS THAT NEED PHYSICAL IMPROVEMENTS
AND HAVE COMMUNITY BENEFITS IN GATEWAY, LENTS OR IN OLD TOWN
CHINATOWN. ONCE IT IS ADOPTED, WE WILL ALSO
HAVE RESOURCES AVAILABLE IN NORTH AND NORTHEAST PORTLAND. SO, FINALLY, I JUST WANT TO
MENTION THAT AMONGST THE PAST RECIPIENT GRANTS WAS THE
[INDISCERNIBLE], WHICH WAS A LATINO MARKET ON 72ND.
THEY WERE VANDALIZED AND THERE’S BEEN A LOT OF COMMUNITY SUPPORT
AND OUTPOURING. I WANT TO ENCOURAGE PEOPLE TO GO
AND VISIT THOSE VENDORS AND SUPPORT THESE LOCAL SMALL
BUSINESSES. SO, FINALLY, I WANT TO RECOGNIZE
PAM, WHO IS OUR NEW SENIOR EXECUTIVE ASSISTANT.
SHE’LL BE JOINING US HERE FOR THESE BOARD MEETINGS AND SHE’LL
SUPPORT THE EXECUTIVE OFFICE AND THE BOARD.
SHE SPENT 17 YEARS AT PORTLAND PUBLIC SCHOOLS, WHERE SHE WAS A
CONFIDENTIAL EXECUTIVE ASSISTANT TO THE CFO AND COO AND PAM
SUPPORTED PRINCIPALS IN A NUMBER OF PORTLAND PUBLIC SCHOOLS AND
DEVELOPED A TRAINING PROGRAM TO ON-BOARD NEW SECRETARIES. PAM GREW UP IN THE NORTHWEST AND
RE RECEIVED A BA FROM EASTERN
WASHINGTON UNIVERSITY. SHE HAS SERVED WITH COMPASSION
NORTHWEST ON POVERTY
ALEVEATION CAMPAIGNS.
>>SO, DURING OUR PUBLIC COMMENT PERIOD, WE ARE GOING TO HAVE
CONNIE ASHBROOK COME UP AND SPEND SOME TIME WITH US.
CONNIE IS THE LONG-TERM DIRECTOR OF OREGON
TRADESWOMAN AND HAS BEEN A GREAT PARTNER OF PDC.
>>THANK YOU VERY MUCH, CHAIR KELLY.
VERY NICE TO BE HERE AGAIN TO SAY HELLO TO THE LONGTIME AND
NEW COMMISSIONERS AND, KIMBERLY, REALLY NICE TO SEE YOU IN THIS
POSITION. MY NAME’S CONNIE ASHBROOK, I’M
THE DIRECTOR OF OREGON’S TRADEWOMEN.
WE HAVE A PRE-APPRENTICESHIP PROGRAM THAT EDUCATES ABOUT 80
WOMEN A YEAR FOR THE VARIOUS BUILDING AND CONSTRUCTION
MANUFACTURING CAREERS IN THE BLUE COLLAR PROFESSIONS AND I’M
HERE TO THANK PDC FOR YOUR SUPPORT OF THE WOMEN AND TRADES
CAREER FAIR. YOU’LL SEE VARIOUS PICTURES OF
THE ACTIVITIES. WE HAD OVER 800 WOMEN AND THEIR
FAMILIES COME TO LEARN ALL ABOUT THESE WONDERFUL PROFESSIONS THAT YOU CAN GET INTO AND LEARN
THROUGH APPRENTICESHIP AND HAVE A LIVING WAGE.
WE HAD 21 SCHOOL GROUPS ATTEND. WE HAD 90 VOLUNTEERS CONTRIBUTING OVER 377 HOURS. 37 HANDS-ON WORKSHOPS AND 72
EXHIBIT RS. IT WAS A REALLY FANTASTIC EVENT
AND WE COULDN’T HAVE DONE IT WITHOUT THE SUPPORT OF PDC AND
OUR OTHER SPONSORS AND I HOPE THAT ON YOUR CHAIR, YOU’LL SEE
THE INVITATION TO NEXT YEAR. I HOPE YOU CAN COME NEXT YEAR.
I ALSO WANT TO THANK PDC FOR BEING A LEADER IN OUR REGION
WHEN IT COMES TO CONSTRUCTION WORKFORCE DIVERSITY.
ONE OF OUR GRADUATES, AMBER MCOY, WAS HOMELESS WHEN SHE CAME IN TO OUR PROGRAM AND WORKED AS
A CARPENTER APPRENTICESHIP AND SHE’S TEACHING AT THE CARPENTERS
TRAINING CENTER. THAT’S ONE SMALL EXAECHLAL OF
THE MANY, MANY FOLKS IN OUR COMMUNITY THAT YOU HELPED MOVE
FROM POVERTY INTO THE MIDDLE CLASS THROUGH YOUR
POLICIES HERE AT PDC.
ABOUT ONE-THIRD OF FEMALE APPRENTICES ARE GRADUATES OF OUR
PROGRAM. THE ONES WE WORK CLOSELY WITH AVERAGE 9%.
WE MADE A DIFFERENCE THERE. YOU TALKED ABOUT THE COMMUNITY
LIVABILITY GRANTS AND PDC IS ALSO HELPING US THERE.
WE’RE EXPANDING OUR MEZZANINE AND BUILDING THAT OUT TO OFFICE
SPACE SO WE CAN CONTINUE TO SERVE EVEN MORE WOMEN WITH OUR CAREER COUNSELING SERVICES.
I HAVE A PLAQUE THAT I’D LOVE TO
PRESENT AND ANSWER ANY QUESTIONS.
>>CONNIE, THANK YOU SO MUCH THE THE HARD WORK YOU DO TO HELP
BUILD THE BUILDING TRADES.
NOBODY DOES THE JOB THAT YOU DO. IT’S MUCH-NEEDED AND IT’S
GREATLY APPRECIATED. ON BEHALF OF ALL THE MEN AND
WOMEN THAT DO WORK IN THE CONSTRUCTION INDUSTRY, I WANT TO
THANK YOU.>>THANK YOU VERY MUCH,
COMMISSIONER.>>I DON’T HAVE A QUESTION, BUT
I HAVE A COMMENT THAT BESIDES THE RELATIONSHIP WITH PDC,
OREGON TRADES WOMEN HAS BEEN A GREAT ASSET TO MY COMPANY OVER THE YEARS AND WE’VE HIRED MANY,
MANY LADIES FROM YOUR ORGANIZATION AND ALWAYS HAD A
WONDERFUL EXPERIENCE. SO, THANK YOU.
>>THANK YOU.>>WHAT WE WOULD LIKE TO DO,
COMMISSIONERS, IS GATHER OUT HERE IN FRONT.
IS THAT THE PLAN? SO THAT WE CAN RECEIVE THE
PLAQUE AND HAVE A PHOTO OP. EVERYBODY READY TO STAND UP
AND GO FORWARD?>>SO, OUR NEXT ITEM OF BUSINESS
IS AN UPDATE FROM THE PORTLAND HOUSING BUREAU. WE HAVE KURT CREAGER AND JAVIER
HERE.>>[INDISCERNIBLE]>>
WE CAN DO THAT. PARDON ME?
>>[INDISCERNIBLE]>>JUST LOOKING FOR ONE THAT
MIGHT –>>[INDISCERNIBLE]
>>IF HE’S HERE, WE’LL GO AHEAD. [BRIEF RECESS]>>WELCOME TO THE PORTLAND
DEVELOPMENT COMMISSION, JAVIER.>>I’M JAVIER MENA, DIRECTOR OF
THE HOUSING COMMISSION. I WOULD LIKE TO SHARE WITH YOU
IN TERMS OF WHERE WE’RE AT IN TERMS OF URBAN RENEWAL AREAS.
BEFORE I GET INTO THE POWERPOINT, I WOULD LIKE TO
DEFINITELY POINT OUT THAT THE PARTNERSHIPS BETWEEN PHB AND PDC
HAVE INCREASED TREMENDOUSLY AND IT HAS BROADENED AND IT’S A
WONDERFUL THING TO SEE AND SAY. WORKING WITH KIMBERLY AND THE
STAFF IS — CONTINUES TO BE A JOY.
SO, ALONG WITH THAT STATEMENT, WE ROUGHLY ARE INVESTING ABOUT
$127 MILLION OF TAX FUNDING AND THE DIFFERENT URA’S AND THAT
EQUATES TO ABOUT 1,800 UNITS. ROUGHLY ABOUT 1,400 ARE
AFFORDABLE, AT LEAST 60% MEDIAN FAMILY INCOME AND WE’RE LOOKING
AT THOSE UNITS COMING ONLINE IN ABOUT TWO YEARS, AT THE MOST,
THREE YEARS. SO, I WILL GO THROUGH THE
POWERPOINT IN MORE DETAIL AS TO WHICH OF THE RENEWAL AREAS AND WHAT KIND OF AK CTIVITY WE ARE
HAVING. AT ANY TIME, IF YOU HAVE ANY
QUESTIONS, PLEASE LET ME KNOW. THE NORTH MCADAM RENEWAL AREA,
WE ARE DEVELOPING IN PARTNERSHIP WITH PDC.
ROUGHLY 365 UNITS. IT HAS BEEN A LONG PROCESS.
WE’RE LOOKING TO CLOSE ON THIS SITE EARLY NEXT YEAR OR THE
MIDDLE OF NEXT YEAR WITH THE LEASE PROCESS HAPPENING IN 2018.
WE ALSO WORK WITH THE ZRZ AND
PDC TO AGREE ON A VALUE ACQUISITION FOR A PARTIAL AT A
FUTURE DATE, AROUND 2020. WE MAY HAVE FURTHER
CONVERSATIONS WITH ZRZ THAT WILL REQUIRE A SITE.
THE FACT THAT THERE WILL BE AFFORDABLE HOUSING ON THAT
DEVELOPMENT, IT WILL HAPPEN. WE ARE ALSO LOOKING AT OTHER
OPPORTUNITIES, TRIMET OWNS A PARCEL ON THE SITE THAT WE HAD
PRELIMINARY CONVERSATIONS. WE ARE LOOKING AT PRIVATE
OWNERSHIP AND HAVING JUST ENGAGED THE OWNERS IN THAT AREA,
AS WELL, LOOKING AT DIFFERENT REGARDING THE CENTRAL EAST SIDE,
IT’S NOT AS ACCESSIBLE IN TERMS OF FUNDING. WE HAVE FUNDING ST. FRAN S.
THE PROJECT’S IN
CONSTRUCTION. THE CLINTON IS ANOTHER AREA WE ARE VERY INTERESTED IN INVESTING
AND AS SOON AS THAT SITE IS AVAILABLE, WE’LL BE LOOKING AT
OPPORTUNITIES FOR DEVELOPMENT AND USING OUR RESOURCES THERE,
AS WELL. THE SOUTH PARK BLOCKS, IT IS —
RIGHT NOW, WE STILL HAVE IT IN OUR BOOKS.
IT’S BEEN A LITTLE CHALLENGING, AT $6 MILLION, NOT A LOT OF
MONEY. SO, WE CAN REALLY GET ANY NEW
DEVELOPMENT, WE HAVE TO ASSESS WHAT THE AFFORDABLE NEEDS ARE
FOR PRESERVATION OF THAT SITE SO WE’RE STILL WORKING ON HOW TO
DEPLOY THOSE RESOURCES IN THE URBAN RENEWAL AREA.
THE RIVER DISTRICT, WE ARE EXCITED ABOUT THE 93 UNITS.
A LOT OF THEM ARE DEEPLY AFFORDABLE, ABOUT 50 UNITS AT 0%
TO 30% FOR FAMILIES. WE’RE LOOKING TO CLOSE AROUND
APRIL-MAY, WITH THE LEASE UP IN 2016.
WE HAVE ONGOING PROJECTS, THE MEDFORD, THE PALM, JUST TO NAME
A FEW. WE RECENTLY ACQUIRED THE JOYCE
HOTEL, WHICH WILL REQUIRE PRESERVATION AND SEISMIC WORK.
WE WANT TO UPGRADE IT AS SOON AS POSSIBLE SO WE CAN USE THAT AS
SITING FOR THE OTHER PROJECTS IN ORDER TO MOVE TENANTS INTO THE
SITE AND HAVE THE OTHER SITES BE REMODELED.
OBVIOUSLY, WE’RE BE WORKING ON PDC ON THE POST OFFICE SITE.
DOWNTOWN WATERFRONT, WE HAVE $13
MILLION. THAT’S BECAUSE WE RECEIVED A
LARGE PAYMENT ON A LOAN THAT WE HAD AND WE ARE ABLE TO INVEST
THAT INTO HENRY, WHICH IS ANOTHER URM THAT’S IN DESPERATE
NEED OF REHAB AND SEISMIC WORK. WE WILL — THAT WORK WILL BEGIN
IN EARLY NEXT YEAR AND GO THROUGH FOR A YEAR AND BE
REOPENED. SO, WE’RE REALLY GRATEFUL TO BE
ABLE TO PRERESERVE SUCH A DESPERATE — SUCH A GREAT
PROJECT THAT’S DESPERATELY NEEDED.
THE MIRACLE CENTRAL, SO THE PROJECT’S BUILT, IT’S 47 UNITS
AND A PARTNERSHIP BETWEEN MIRACLES CLUB.
IT IS LEASED UP IN LESS THAN A MONTH.
BLOCK 45, WE ARE — IT WAS PART OF THE [INDISCERNIBLE] WE
ISSUED. WE’RE LOOKING AT 240 UNITS
CLOSING IN 2017 AND LEASE UP IN 2016
8. GATEWAY, 106TH AND HALSEY,
CLOSING IN 2017. LEASE UP SOMETIME AROUND 2018.
THERE’S ALSO A PARCEL THAT
[INDISCERNIBLE] OWNS. WE INVESTED IN THE URBAN RENEWAL
AREA, VERY LIMITED, NOT A LOT OF HOME OWNERSHIP ON THIS URA.
THE INTERSTATE, THIS IS, AS YOU CAN SEE, THERE’S A LOT OF
ACTIVITY GOING IN THE INTERSTATE URBAN RENEWAL AREA THAT WAS
THROUGH THE $20 MILLION ALLOCATION A COUPLE YEARS AGO. WE SET ASIDE $3 MILLION FOR THE
LAND BANKING. WE ACQUIRED A PROPERTY THAT WILL
BE HOPEFULLY ENOUGH FOR DEVELOPMENT NEXT YEAR.
WE ARE LOOKING AT OTHER PROPERTIES.
WE HAVE TWO THAT ARE KIND OF IN CONTRACT OR POTENTIAL TO BE
UNDER CONTRACT FOR ACQUISITION SO WE’RE STILL WORKING ON THOSE
RESOURCES. THE GRANT WAREHOUSE, WHICH IS A
PHB-OWNED PROPERTY, WE’RE ESTIMATED 80 UNITS.
HOPEFULLY SOME TIME IN FEBRUARY FOR A LEASE UP IN 2018.
KIM PARKS IS A PHB-OWNED PROPERTY.
WE’RE LOOKING AT 70 UNITS. SOME TIME, 2017, WOULD LEASE UP
IN 2018.
THERE ARGYLE SITE THAT TRIMET OWNS, THAT PROPERTY IS OUT FOR
DEVELOPMENT. WE COMMITTED $10 MILLION TO THAT
SITE AND EXPECT IT TO CLOSE SOME TIME IN 2017 WITH LEASE UP IN
2018. OR 19, DEPENDING ON HOW WHEN WE
CLOSE ON THE LOAN. THE NORTH WILLIAMS PROPERTY,
WHICH IS MULTNOMAH COUNTY PROPERTY, WE ARE LOOKING TO
INVEST THERE 61 UNITS. CLOSING IN 2017, WITH THE LEASE
UP OF 18-19. NEW MEADOWS, IT IS A
TRANSITIONAL HOUSING FOR KIDS THAT HAVE BEEN IN A FOSTER CARE
SYSTEM AND THIS IS A GREAT PARTNERSHIP THAT HOPEFULLY WE’LL
GET OFF THE GROUND EARLY NEXT YEAR WITH 15 UNITS GEARED
FOR THAT PURPOSE. KIND OF A RUSH THROUGH THERE.
ANY QUESTIONS?>>YOU HAD SOME QUESTIONS,
COMMISSIONER?>>ON THE ZRZ PROPERTY, HOW MANY
UNITS DO YOU THINK YOU’LL BE ABLE TO GET ON THAT?
>>WE HAVE COMMITTED TO HAVE AT LEAST 200 AFFORDABLE UNITS.
>>60% MFI?>>60% AT 0% TO 30%.
>>ON THE GROUND FLOOR SPACE, I KNOW IN SOME OF THESE BUILDINGS
YOU SEE, THEY STRUGGLE TO LEASE THE GROUND FLOOR.
ONE THING I WAS WONDERING ABOUT WHERE WE MIGHT BE ABLE TO
PARTNER IS WHERE THERE MIGHT BE OTHER USES THAT MAY OR MAY NOT BE COMPLIMENTARY TO AFFORDABLE
HOUSING. THE [INDISCERNIBLE] SCHOOL.
THEY’RE GOING TO BE LOOKING FOR SPACE AT SOME POINT IN TIME AND
THEY SERVE A POPULATION THAT IS A GREAT POPULATION TO SERVE AND
JUST WONDERING SOMETIMES IF WE COULDN’T DO SOME THINGS WITH PDC
AND HELP TO FUND SOME OF THAT AND GET CREATIVE AROUND TAX
CREDITS AND ALL THE THINGS YOU GUYS ARE REALLY GOOD AT AND
ACCOMPLISH TWO OBJECTIVES THAT ARE COMPLIMENTARY SOMETIMES.
>>THAT’S A GOOD POINT. I JUST REALIZED THAT LENTS URA
IS WHAT I MISSED. THERE’S A PARTNERSHIP WITH PDC
AND THE COMMUNITY TO TALK ABOUT THE COMMERCIAL SITE IS HUGE AND
IS KEY AND IT’S SUCCESSFUL, THUS FAR.
CONTINUING TO DO THAT TYPE OF –>>TO THE EXTENT YOU SEE
PROJECTS COME DOWN THE PIPE WHERE THE RETAIL MIGHT BE
CHALLENGED AND ACTIVATE THE GROUND FLOOR.
IT WOULD BE GREAT TO PARTNER ON THAT STUFF.
>>REGARDING THE ZRZ SITE, WE WOULD BE LOOKING AT REPLICATING
WHATEVER HAPPENS ON PARCEL THREE AND WE’LL HAVE A
COMMERCIAL ON THAT SITE.
>>WHEN THE COUNTY MOVES OUT OF THEIR BUILDING DOWNTOWN AND
MOVING INTO THE NEW BUILDING DOWN IN OLD TOWN, IS THAT A
POTENTIAL FOR ADAPTIVE REUSE?>>IT’S A COUNTY-OWNED PROPERTY.
IT IS. IT WOULD BE INTERESTING TO HAVE
THAT CONVERSATION.>>AND THEN, LAST, YEARS AGO, WE
BUILT THE OREGON CLINIC AND THERE’S FAR SITTING ON TOP OF
THAT. JUST NEEDS SOMEBODY TO GO BUILD
SOME HOUSING ON TOP OF IT AND I’D LOVE TO SEE, SOMEDAY,
SOMETHING HAPPEN OUT THERE.>>I AGREE.
IT IS — THERE’S DIFFERENT — YOU HAVE CORRIDORS AT GATEWAY,
YOU HAVE CORRIDORS IN SOUTHEAST.>>YOU HAVE LIMITED RESOURCES
THERE, I RECOGNIZE.>>WE HAVE INCLUSIONARY ZONING
THAT WILL HOPEFULLY BE COMING DOWN THAT WILL HELP WITH SOME OF
THAT.>>THANK YOU FOR ALL THE GREAT
WORK.>>THANK YOU.
>>COMMISSIONERS? I GUESS I’M JUST CURIOUS HOW YOU
MEASURE — I SEE THE 2018 LEASE-UP, BOOM, BOOM, BOOM,
BOOM, BOOM. HOW DO YOU COMPARE THAT AMOUNT
OF HOUSING COMING ONLINE TO THE IS IT BARELY TOUCHING THE
DEMAND? IS IT SUBSTANTIALLY COMPLETING
THE DEMAND?>>SO, IN THE CENTRAL CITY, IT’S
BARELY TOUCHING THE DEMAND. THERE IS NOT ANY AFFORDABLE HOUSING IN THE CENTRAL CITY, SO
THERE’S ALWAYS WAITING LISTS. WE’RE LOOKING AT
MIRACLE CENTRAL SITE ON COMMISSION CENTER. IT LEASED-UP IN A MONTH AND THEY
HAVE A WAITING LIST OF ABOUT 100.
ON THE CENTRAL CITY, DEFINITELY, THAT’S GOING TO HAVE — THAT’S
NOT GOING TO BE AN ISSUE. WHEN WE’RE TALKING ABOUT THE
LENTS AND SOMEWHAT OF THE GATEWAY COMMUNITIES, IT ALSO —
IT’S ABOUT THE OUTREACH AND WE TYPICALLY WORK WITH OUR PARTNERS
IN DOING — CONCENTRATED OUTREACH IN DIFFERENT
COMMUNITIES TO MAKE SURE IT IS ACCESSIBLE TO OTHERS. THE OVERALL NEED OF 60% IS THROUGHOUT THE CITY.>>I HAVE ONE OTHER QUESTION, IF
I MAY? AS A CITY, ARE WE LOOKING AT
DIFFERENT UNIT TYPES? YOU KNOW, SMALLER UNITS?
THE CHALLENGE IS ALWAYS HOW YOU MAKE THEM AFFORDABLE OR HOW DO
YOU BUILD THEM CHEAPER SO YOU CAN GET MORE OF THEM, RIGHT?
I’M WONDERING IF WE’RE LOOKING AT MICROUNITS?
ARE YOU SEEING ANYTHING OUT THERE THAT CAUSES OPTIMISM ABOUT
THE AFFORDABILITY TO BUILD THE STUFF?
>>YES AND NO. CONSTRUCTION COSTS CONTINUE TO
GO UP, WHICH GREATLY AFFECTS OUR COST PER UNIT.
FOR EXAMPLE, ON THE INTERSTATE URBAN RENEWAL AREA AND NEW
MEADOWS PROJECT, THAT IS — BECAUSE OF THE STRUCTURE AND THE
SIZE, IT IS ACTUALLY WITH LIMITED CITY INVESTMENT SO THE
COST PER UNIT IS MUCH SMALLER. WE ARE ALWAYS LOOKING FOR
OPPORTUNITIES TO BE ABLE TO GET THERE WITHIN THE CONFINES OF
CITY INVESTMENT REQUIREMENTS,
SUCH, AS YOU KNOW, [INDISCERNIBLE] THAT MIGHT COME
UP WITH MIXED USE.>>TAKING — THERE’S SO MUCH
COMING ONLINE IN 2018. WHAT ABOUT 2019 AND 2020?
WHAT’S THE HOUSING BUREAU PLANS?
>>WE HAVE LITERALLY — ARE LOOKING AT MAKING RESOURCES
AVAILABLE IN INTERSTATE, THAT WE HAVE NOT MADE AVAILABLE.
HOPEFULLY NEXT YEAR. THERE IS A LARGE PART OF OUR
PORTFOLIO THAT ALSO NEEDS SOME REINVESTMENT, RECAPITALIZATION
ON THE PRES ERVATION SIDE.
WE HAVE PURCHASED PROPERTIES OUTSIDE OF THE URBAN RENEWAL
AREAS, AS WELL. WE HAVE PURCHASED A PROPERTY
FROM PARKS THAT IS 60TH AND STARK THAT WILL BE LOOKING AT
REDEVELOPING. WE ARE ON A CONTRACT ON A COUPLE
OTHER PROPERTIES. AS WE — THE CITY’S LOOKING AT
MAKING INVESTMENTS IN THE POWELL DIVISION CORRIDORS AND THE
BARBER CORRIDORS, WE’RE TRYING TO GET AHEAD OF THAT AND SECURE
PROPERTY SO WE CAN LOOK AT DEVELOPMENT.
THANKS TO THE VOTERS IN PORTLAND, THE HOUSING BOND WAS
APPROVED YESTERDAY, SO WE WILL HAVE THOSE RESOURCES THAT THE CITY WILL BE ABLE TO CONTINUE
SECURE AFFORDABLE HOUSING. THERE’S A LOT MORE WORK AND A
LOT MORE AFFORDABLE HOUSING UNITS THAT WILL BE COMING
ONLINE.>>ARE THERE PLANS FOR FUTURE
BOND MEASURES?>>WE HAVE TO WORK WITH WHAT WE
HAVE NOW.>>[INDISCERNIBLE]
>>WE SET IT ASIDE FOR FIVE YEARS.
>>ANY OTHER QUESTIONS? THANK YOU.
THANK YOU VERY MUCH. GREAT PARTNERSHIP.>>[INDISCERNIBLE]>>WE CAN GET TONY BARNES UP
HERE FOR ITEM 7, IS THAT WHAT I’M HEARING?
TONY, YOU’RE HERE. LET’S DO IT.
SO, THIS IS AN ACTION ITEM. REPORT 1656, RESOLUTION 7215,
ADOPTING THE BUDGET AMENDMENT NUMBER 1 FOR THE FISCAL YEAR.
WELCOME.>>GOOD AFTERNOON, CHAIR KELLY,
COMMISSIONERS. TONY BARNES, BUDGET OFFICER,
PRESENTING THE FIRST BUDGET FOR THIS FISCAL YEAR.
FIRST, A QUICK OVERVIEW OF WHERE WE ARE IN THE CURRENT FISCAL
YEAR IN PROCESS. IT’S THE FIRST OF SEVERAL ANNUAL
BUDGET REVISIONS WE DO. FOLLOWING THE ADOPTION OF THE
BUDGET IN JUNE WHERE WE HAD ESTIMATED BEGINNING BALANCES AND
PROJECT EXPENDITURES, WE HAVE AN ACCURATE PICTURE OF WHAT THOSE
ARE BY FUND AND UPDATES ON PROJECT AND PROGRAM
EXPENDITURES. WE ARE INCORPORATING THOSE INTO
THIS BUDGET REVISION, GOING WE HAVE THIS BUDGET REVISION TO
SET US UP FOR THE NEXT PHASE OF THE PROCESS.
WE’LL BE JUMPING INTO THAT PROCESS OVER THE NEXT MONTH.
USING THOSE BALANCES WILL INFORM WHERE WE ARE RIGHT NOW.
GOING PAST DECEMBER, JANUARY THROUGH JUNE, AS WE LIVE OUT THE
REST OF THE FISCAL YEAR, WE CONTINUE TO MONITOR THE BUDGET,
LOOK FOR VARIANCES AND CHANGES IN THE REVENUES AND EXPENDITURES
AND PREPARE A SECOND BUDGET AMENDMENT.
WE USUALLY DO THAT IN APRIL.
THE PURPOSE OF THIS REVISION IS TO TRUE UP THE BEGINNING CASH
BALANCES, ADJUST TAX INCREMENT FINANCE AND DEBT BORROWINGS. PROJECTS AND PROGRAMS, WE ADJUST
THE TIMING. PROJECTS THAT CROSS FISCAL
YEARS, SINCE WE HAVE A LOT OF WE ARE OFTEN MAKING ADJUSTMENTS
BASED ON WHEN THE CASH IS GOING OUT THE DOOR FOR THOSE PROJECTS.
LIKE LENTS TOWN CENTER PROJECTS.
WE HAVE ONE ITEM ADDED TO THE BUDGET WITH THE REPLACEMENT OF
EXHIBIT A, WHICH IS REMOVAL OF THE BRIDGE AND TRAIL PROJECT, THOSE RESOURCES WILL BE ADDED TO
THE CASH BALANCE AND INTERSTATE TO BE INCORPORATED INTO THE
BUDGET AND FORECAST GOING FORWARD.
AGAIN, WE HAVE PORTLAND HOUSING BUREAU ADJUSTMENTS.
WE COOPERATE AND WORK THROUGHOUT THE YEAR AND IDENTIFY WHEN THE
PROJECTS ARE. SO, A PICTURE OF THE RESOURCES.
HIGH LEVEL, I’M GOING TO TOUCH UPON SOME OF THE BIGGER ITEMS
HERE. BEGINNING OF FUND BALANCE OF
INCREASE OF $31 MILLION. THAT IS PRIMARILY RELATED TO
CASH AND COMMITTED TO SPECIFIC PROJECTS I’LL SPEAK ABOUT IN
JUST A SECOND IN RIVER DISTRICT AND IN LENTS.
FEES AND CHARGES GOING UP $14.6 MILLION.
THIS IS AN ACCOUNTING ADJUSTMENT SO WE FULLY RECOGNIZE THE
DOLLARS AND THE FEE PARTICIPATION FOR THE PORTLAND
HOUSING BUREAU ON THE SITE. WE HAD A NET
TRANSACTION. WE ARE TRUING IT UP SO IT FLOWS THROUGH BOOKS.
LOAN COLLECTIONS INCREASING ABOUT $6 MILLION.
PART OF THIS IS THE PAYING OFF OF A LOAN IN LENTS AND
ANTICIPATED PAY-OFFS OF LOANS. THIS RELATES TO THE GENERAL
RL ERAL FUND OF CREDIT.
THIS IS PAIRED WITH THE MULTNOMAH COUNTY
HEALTH DEPARTMENT BUILDING.
I’LL TOUCH UPON PROPERTY INCOME. WE HAVE AN UPDATED PICTURE OF
WHAT PROPERTY SALES ARE HAPPENING THIS FISCAL YEAR.
JUST THIS WEEK, WE RECEIVED SALE PROCEEDS FOR LOT 5, ABOUT $7.5
MILLION. SO THAT IS INCLUDED IN THE
TRUE-UP THAT WAS PREVIOUSLY IN LAST YEAR’S BUDGET.
CHANGES TO REQUIREMENTS. AGAIN, THIS IS A ROLL-UP OF ALL THE EXPENDITURES ACROSS ALL THE
DIFFERENT FUNDING THAT ARE DETAILED IN EXHIBIT A IN YOUR
PACKET. AN ADD OF $48 MILLION AND
CONTINGENCY OF $13.5 MILLION. THE CONTINGENCY WILL ROLL INTO
THE DRAFT BEGINNING FUND BALANCE OF THE DRAFT 17-18 BUDGET WE
WILL BRING FORTH TO YOU IN JANUARY.
I’LL WALK THROUGH, REAL QUICKLY, THE HIGH-LEVEL CHANGES, FOR
THOSE LINE ITEMS. IT’S A COMPILATION OF ALL THE
DIFFERENT LINE ITEMS AND ALL THE INDIVIDUAL FUNDS ACROSS THE
SCHEDULES IN EXHIBIT A. WE’RE DECREASING ADMINISTRATION
BY $823,000. THIS IS MOSTLY RELATED TO OUR
ESTIMATE OF GENERAL — CITY GENERAL FUND
BORROWING ON THE RIVER DISTRICT.
LESS BORROWING OCCURRED LAST
YEAR. WE ALSO ARE ADDING, THOUGH, A SLIGHT OFFSET DOLLARS FROM LAST
YEAR FOR CONTRACTS WE HAD IN PLACE THAT CROSSED THE FISCAL
YEAR FOR DEVELOPMENT AND EXECUTIVE DIRECTOR SEARCH THAT
WAS BUDGETED LAST YEAR BUT CAME INTO THIS YEAR.
ECONOMIC DEVELOPMENT, $178,000, MAINLY LAST YEAR’S GENERAL FUND
RESOURCES. WE HAVE A DECREASE OF $4.3
MILLION TO INFRASTRUCTURE. THIS INCORPORATES CHANGES WHERE
WE’RE ADDED CHANGES FOR LOMBARD
AND FOSTER AND LENTS. WE’RE PUSHING OUT SOME DOLLARS
FOR DISTRICT PARKING IN OLD TOWN CHINATOWN AND WE’RE REMOVING THE
BRIDGE AND TRAIL PROJECT FROM INTERSTATE SO THAT CHANGES $4.3
MILLION. THE BRIDGE AND TRAIL WAS $1.5.
HOUSING IS $11.5 MILLION.
RECOGNIZING A GRANT FROM PDC FOR PARCEL THREE, FOR THE
DEVELOPMENT OF HOUSING ON PARCEL THREE ON NORTH
MCADAM. THE LARGEST CATEGORY, GOING UP
$42.7 MILLION. ADDING THE FULL ACCOUNTING FOR
THE U.S. POST OFFICE SITE. THE MULTNOMAH COUNTY HEALTH
DEPARTMENT IS THE LARGEST ADD OF $17 MILLION.
THIS WAS ALL IN LAST YEAR’S BUDGET.
COMMITTED CARRYOVER FOR THE LENTS PROJECTS, 10TH AND YAMHILL
GARAGE. WE HAVE SOME OTHER ITEMS,
TRANSFERS, IT’S AN INTERFUND LOAN BETWEEN RIVER DISTRICT FOR
THE POST OFFICE. WE’RE ADDING $3 MILLION PER THE PURCHASE AND SALE AGREEMENT IN
CASE THERE ARE ITEMS THAT NEED TO BE ADDRESSED ON THE SITE.
CONTINGENCY OF $13.5 MILLION. THIS $13.5 MILLION WILL BE AN
INCREASE TO RESOURCES THAT WE’RE STARTING OUT THE 17-18 BUDGET
WITH. TO ROLL IT ALL TOGETHER, THIS IS
THE FULL PICTURE OF $344 MILLION OF EXPENDITURES WITH THE LARGEST
CATEGORY BEING PROPERTY REDEVELOPMENT.
WE’VE SPENT $100 MILLION OF THAT
TO-DATE. I’D BE HAPPY TO ANSWER ANY
QUESTIONS ON THE AMENDMENT.>>HOW LONG HAS THE BRIDGE TO
TRAIL BEEN ON THE BOOKS?>>I THINK AROUND 10 YEARS OR
SO.>>IT’S MY NEIGHBORHOOD, SO I
HAVE TO ASK THE QUESTION. ANY OTHER QUESTIONS, COMMISSIONERS?
SO, WE’D ENTERTAIN A MOTION. WE NEED TO APPROVE THIS.
>>SO MOVED.>>HAVE A MOTION.
>>SECOND >>A MOTION AND A SECOND.
ALL THOSE IN FAVOR, SIGNIFY BY SAYING AYE.
MOTION CARRIES.>>THANK YOU.
>>THANK YOU. SO, ARE WE READY WITH THE —
OKAY. SO, WE’RE GOING TO GO BACK TO ITEM NUMBER 6, AN UPDATE ON THE
NORTH-NORTHEAST DEVELOPMENT COMMUNITY.
THIS IS FOR INFORMATION ONLY AND WE DON’T NEED TO VOTE ON
ANYTHING. WELCOME.
>>THANK YOU. GOOD AFTERNOON.
WE WANTED TO TAKE A FEW MOMENTS OF YOUR TIME, MYSELF, TORY
CAMPBELL, INTERIM
DIRECTOR, ECONOMIC DEVELOPMENT.
WALK YOU THROUGH A LITTLE BIT OF WHERE WE ARE WITH OUR NORTHEAST
DEVELOPMENT ACTION PLAN. SO, WE DO HAVE A FEW SLIDES,
ALSO, TO WALK THROUGH. AND WE’LL JUST GO AHEAD AND JUMP
RIGHT IN. SO, THE FIRST THING WE WANTED TO
DO IS GIVE AN OVERVIEW OF OUR — THANK YOU, SIR.
IS TO GIVE AN OVERVIEW OF THE PROCESS, THE TIMELINE WE’VE BEEN
IN. WE STARTED IN JANUARY OF THIS
YEAR, 2016. FORMULATING AN ADVISORY COMMITTEE AND THEY BEGAN TO
DEVELOP FRAMEWORK ON WHAT WOULD NEED TO GO INTO THE
CONSIDERATION OF HOW TO USE THE REMAINING $32 MILLION OF TAX
INCREMENT FINANCING. THAT GROUP WORKED DILIGENTLY TO
COME UP WITH A FRAMEWORK THAT WE THEN ALSO INCLUDED, GOT
ADDITIONAL STAKEHOLDERS TO GIVE
FIRST GLANCE AND GET PERSPECTIVE ON HOW TO INVEST THOSE DOLLARS
WISELY. THE TIMELINE MOVED FORWARD AND
WE CRAFTED OUR 80% DRAFT. THAT WAS THE DOCUMENT WE FIRST
WENT PUBLIC WENT. IT WAS GIVING AN OPPORTUNITY FOR
FOLKS TO GET A SENSE OF WHERE WE WERE GOING, THE INTENT, THE ASPER AS PIRATIONS.
THIS OCTOBER, WHICH HAS JUST PAST US, WE HAD OUR FIRST FORUM.
OUR ATTENDANCE EXCEEDED OUR
EXPECTATION. WE HAD ABOUT 80 FOLKS COME BY TO
LISTEN TO THE PLAN AND SHARE THOUGHTS.
WE ALSO HAD A FOLLOW-UP FORUM SEVERAL WEEKS LATER WHERE WE
TOOK A LOT OF THE INPUT AND TRIED TO FIND WAYS TO PUT IT IN
OUR 85% DRAFT AND WE TOOK THAT BACK OUT TO THE COMMUNITY.
HAD A GREAT ATTENDANCE, HAD ABOUT 140 INDIVIDUALS CAME OUT.
MANY OF THEM, IT WAS THEIR FIRST TIME BEING THERE.
SHOWING THAT THE OUTREACH AND THE COMMUNICATION WAS GOING
BEYOND THE INITIAL CORE WE INTENDED TO HAVE COME.
WE NOW HAVE OUR 90% DRAFT THAT WE HAVE PRESENTED TO YOU AND WE
WILL NOW TAKE BACK TO OUR SUBCOMMITTEE TO ALLOW THEM,
AFTER YOU GUYS HAVE ALSO HAD THE OPPORTUNITY TO WEIGH IN AND PROVIDE ANY INPUT, FOR THE
SUBCOMMITTEE TO ASSESS ALL THE INFORMATION AND FEEDBACK TO SAY WHAT, THEN, SHOULD BE THAT 100%
DOCUMENT THAT IS TO BE COMPLETED. ONCE WE DO THAT IN JANUARY,
2017, WE WILL TAKE THAT FINAL PLAN TO CITY COUNCIL FOR THEIR
REVIEW AND HOPEFULLY ADOPTION AND THEN FEBRUARY OF THAT YEAR,
BEGIN TO WORK TOWARDS DEVELOPING THE FIRST MAJOR PIECES, WHICH IS
THAT OVERSIGHT COMMITTEE. WHAT I’D LIKE TO DO IS TAKE A
LITTLE BIT OF TIME TO DO A BACK STORY.
WE WANT TO HIGHLIGHT THAT WE ARE TALKING ABOUT THE INTERSTATE URBAN RENEWAL AREA, IT’S A
LARGE, ENCOMPASSING AREA IN NORTH-NORTHEAST, ST. JOHN’S,
MLK, EASTERN BORDER TO THE INTERSTATE, AS A WESTERN BORDER. TIFF DOLLARS ARE TAX INCREMENT
FINANCING WHICH CAN ONLY BE USED FOR BRICKS AND MORTAR PROJECTS.
A LOT OF WHAT WE’RE TALKING ABOUT — IT’S A POWERFUL TOOL, IT ALSO HAS ITS LIMITATIONS FOR
WHAT IT CAN AND CANNOT DO. WE’VE BEEN WORKING HARD TO BE
CLEAR ON THAT BECAUSE WE DON’T WANT TO STIR UP PEOPLE’S
EXPECTATIONS. IT’S A HAMMER, SO IT CAN ONLY
HAMMER THINGS. IT’S NOT A SCREW DRIVER.
WHAT WE HAVE BEEN TALKING WITH FOLKS ABOUT IS LOOKING AT WHERE
OUR URBAN RENEWAL DOLLARS HAVE GONE IN THE INTERSTATE OVER THE
LIFE. DOING A BACKWARDS LOOK OVER THE
LAST 15 YEARS, $150 MILLION HAS BEEN UTILIZED FOR AFFORDABLE
HOUSING INFRASTRUCTURE, PROPERTY DEVELOPMENT AND BUSINESS
DEVELOPMENTS. AS WE LOOK FORWARD, WHAT WE FIND
IS THAT OVER THE NEXT FIVE YEARS, WHICH IS
REMAINING LIFE OF IT, THAT’S IN THE URBAN
RENEWAL AREA. WE WOULD LIKE TO SEE 73%
ALLOCATED TO HOUSING AND 27% WILL BE GOING TOWARD WHAT WE CAN
UTILIZE. THAT IS OUR $32 MILLION AND
WE’RE THINKING OF STRATEGICALLY, HOW WE WANT TO UTILIZE THOSE
DOLLARS. WHEN YOU THINK OF THE INTERSTATE
DISTRICT, $297 MILLION. 50% OF THAT WILL BE — GO TOWARD
AFFORDABLE HOUSING. 24% TOWARD PROPERTY
REDEVELOPMENT AND 7% TOWARD BUSINESS DEVELOPMENT.
SOME OF THE THINGS THAT I THINK ARE IMPORTANT TO UNDERSTAND WHEN
WE ARE WRESTLING THROUGH WHO SHOULD WE TARGET OR MAKE IN
TERMS OF OUR PRIORITY, WHEN WE THINK ABOUT THE URBAN RENEW AREA
AS A WHOLE, THERE’S BEEN A RADICAL SHIFT THAT’S TAKEN PLACE
SINCE THE BEGINNINGS OF THE URBAN RENEWAL DISTRICT.
ONE OF THE BIGGEST CHANGES HAS BEEN THE POPULATION CHANGE.
WE LITERALLY HAVE SEEN, SOME OF
THE POPULATION HAS DECREASED BY
33% AND WE HAVE SEEN ASIAN, HAWAIIAN, PACIFIC ISLAND HAVE
DECREASED. AND ASIAN POPULATIONS HAVE GROWN
AND THE LATINO COMMUNITY HAS BEEN STABLE.
WHEN WE LOOK AT THE IMPACT OVER THE LAST 15 YEARS, IT HAS
DESTABILIZED THE AFRICAN-AMERICAN COMMUNITY BY
FAR. WE HAVE TAKEN THAT INTO
CONSIDERATION WHEN WE THINK ABOUT WHAT TO DO WITH THESE
DOLLARS. WE WANT TO HAVE A SHARED IN TERMS OF THE PROSPERITY AND
GROWTH WE ARE DOING AS AN AGENCY.
OVER THE LAST 15 YEARS, AS IT RELATES TO AFRICAN-AMERICAN
COMMUNITY, 31%, THE MEDIAN HOUSEHOLD INCOME HAS GONE AWAY. AND ALSO IN TERMS OF THE POVERTY
LEVEL, AFRICAN-AMERICANS LIVING IN POVERTY HAS ROSE BY 9%.
ONE IN THREE AFRICAN-AMERICANS IN THE URBAN RENEWAL LEVEL
HAS –>>ARE THOSE INFLATION-ADJUSTED
NUMBERS?>>NO.
>>JUST RAW NUMBERS?>>JUST RAW NUMBERS.
WE ALSO PULLED SOMETHING THAT TELLS A VERY BROAD NATIONAL
STORY TALKING ABOUT WEALTH DISPARITY.
BASICALLY WHAT THESE NUMBERS BEGIN TO TELL US — THIS WAS FROM 2013 — JUST THE WEALTH
DISPARITY AMONG PORTLAND MIRROR — WHITE HOUSEHOLDS HAVE
13 TIMES MORE THAN AFRICAN-AMERICANS AND 10 TIMES
MORE THAN LATINO HOUSEHOLDS. THOSE HAVE CREATED FOR US A
SENSE OF, HOW DO WE DO A BETTER JOB AND LOOKING AT THE LAST 50
YEARS AND THE WAY WE DID INVEST IN THE URBAN RENEWAL AREAS AND
HOW DO WE MAKE ADJUSTMENT TO ASSURE THAT THE REMAINING TIME
AND DOLLARS ARE GOING TO GO TOWARD THOSE IN OUR INITIAL
THINKING WOULD BENEFIT. I THINK IT’S IMPORTANT TO KNOW
THAT OUR INVESTMENT OVER THAT TIME — I THINK IT WAS $67
MILLION, KIND OF PALES IN COMPARISON TO THE PRIVATE IN
VESMENT, WHICH IS ROUGHLY AROUND $1 BILLION.
YOU CAN SEE THAT THE MARKETFORCE
FAR OUTWEIGH OR INVESTMENT. IT’S LESS ABOUT OUR DOLLARS AND MORE ABOUT OUR ROLE. REALLY, OUTCOMES THAT WE HAD
INTENDED TO HAVE FROM THE GET-GO, BUT HAVE NOT YET
ACHIEVED. SOME OF OUR LESSONS LEARNED,
THERE’S A DEEP, DEEP, I THINK, PAIN AND RECOGNITION OF THAT,
THAT HAS BEEN CAUSED. WE REALIZE, WE OVERPROMISED AND
UNDERDELIVERED AND UNDERESTIMATED
MARKET FORCES. AS WE’RE MOVING FORWARD WITH
THIS NEW INITIATIVE, THESE ARE THE THINGS THAT WE ARE TAKING
INTO CONSIDERATION AND TRYING TO DO DIFFERENT, TRYING TO DO
BETTER TO CREATE BETTER OUTCOMES.
AT THIS TIME, I’M GOING TO HAVE KATE SHARE A LITTLE BIT ABOUT
WHAT WE’VE LEARNED FROM THE FORUMS, THE INPUT WE’VE GLEANED
AND HOW IT’S IMPACTING.>>THANK YOU, TORY.
I’M KATE DEANE, THE MANAGER OF COMMUNITY ECONOMIC DEVELOPMENT.
JUST TO PUT A FINE POINT ON IT, THE 90% ACTION PLAN YOU SEE
TODAY, THE OVERALL GOAL OF THAT ACTION PLAN IS TO USE OUR TAX
INCREMENT FINANCE DOLLARS TO PROMOTE WEALTH CREATION AMONG
AFRICAN-AMERICANS AND PEOPLE OF COLOR AND SO, THIS WAS THE
PROPOSITION THAT WE WENT OUT TO THE COMMUNITY WITH.
WHEN WE FIRST WENT OUT TO THE COMMUNITY IN OCTOBER, OUR
80% PLAN HAD SIX MAIN BUCKETS OF
INVESTMENTS. SO, WE GOT INPUT ABOUT
PRIORITIZEATION AND SUPPORT AMONG THOSE SIX AREAS AND WHAT WE FOUND, IN BOTH OUR OCTOBER 6TH AND OUR OCTOBER 20TH FORUMS
IS, BY FAR, THE STRONGEST SUPPORT AMONG THE 200-PLUS
ATTENDEES WAS FOR INVESTMENTS IN INDIVIDUAL PROPERTY OWNERS AND
INDIVIDUAL BUSINESSES. THE SECOND LEVEL OF SUPPORT WAS
AROUND MIDDLE INCOME HOME OWNERSHIP PROGRAMS AND
LIVABILITY GRANTS TO NON-PROFITS. I WANT TO TAKE A MINUTE TO JUST
HELP FRAME UP THE INVESTMENTS AS I MENTIONED, WE ARE TRYING TO
DO A WEALTH CREATION PROGRAM AND ONE OF THE THINGS THAT WE HAVE
HEARD FROM PEOPLE, WHEN WE’VE BEEN OUT IN THE COMMUNITY VERY
STRONGLY, HAS BEEN FOR THOSE INDIVIDUALS WHO ARE NOT ELIGIBLE
FOR THE PORTLAND HOUSING BUREAU’S PROGRAMS AROUND HOME
REPAIR AND HOME OWNERSHIP, MOST OF THOSE PROGRAMS ARE TARGETED
AT INDIVIDUALS AND HOUSEHOLDS WITH INCOMES AT 80% OF THE
MEDIAN FAMILY INCOME AND BELOW AND THERE’S A WHOLE SET OF INDIVIDUALS WHO ARE — HAVE MORE
INCOME THAN THAT ON AN ANNUAL BASIS, BUT NOT ENOUGH TO GO DOWN
TO A BANK AND QUALIFY FOR A LOAN.
SO THEIR HOMES, THEIR ASSETS ARE FALLING INTO DISREPAIR BECAUSE OF A LACK OF ACCESS TO CAPITAL
SO WE HAVE PUT SEVERAL ITEMS IN THE PLAN THAT DO ADDRESS HOME
OWNERSHIP, THOSE FROM A HOME REPAIR PERSPECTIVE, AND FROM A
HOME OWNERSHIP PERSPECTIVE FOR THOSE IN THE RANGE OF 80% TO
120%. WE HAVE INVESTED A LOT IN
HOUSING, BUT WE NEED TO UNDERSTAND THAT THAT IS
SPECIFICALLY FOR AFFORDABLE HOUSING, FOR PEOPLE WITH 80% MEDIAN FAMILY INCOME AND BELOW.
FINALLY, AMONG THE PEOPLE WHO CAME TO THE COMMUNITY FORUM, THE
TWO LEAST SUPPORTED ITEMS — REALLY, BY FAR, AND WHERE WE HAD
THE GRAVEEST CONCERN ABOUT OUR
INVESTMENT WERE AROUND TWO ITEMS.
ONE WAS INCREASING ACCESS TO JOBS AND THE OTHER WAS AROUND
WHAT WE’RE CALLING ANCHOR OR CATALYTIC PROJECTS. SO, IN THE 80% DRAFT, WE HAD ABOUT $2.5 MILLION IN POTENTIAL
LOANS TO COMPANIES THAT CREATE GOOD, MIDDLE WAGE JOBS.
YOU MIGHT THINK, THAT’S GOOD, WHY NOT INVEST IN THAT?
THE FEEDBACK THAT WE HEARD WAS THAT EVEN IF WE USE A COMMUNITY
BENEFIT, A PUBLIC BENEFIT FOR A LOAN, THERE’S A REAL
QUESTION AS TO WHETHER OR NOT INDIVIDUALS WHO ARE
AFRICAN-AMERICAN OR OTHER PEOPLE OF COLOR WILL BE REALLY HIRED BY
THOSE COMPANIES AND IF THEY’RE HIRED, HOW LONG THE TENURE OF
HIRE WOULD BE. THE CONTROL THAT PDC HAS WITH THOSE DOLLARS TO COMPEL
COMPANIES TO DO DIVERSE HIRING IS MUCH LESS AND THAT WE SHOULD INVEST OUR MONEY IN OTHER AREAS
INSTEAD. ON THE ANCHOR PROJECTS OR
CATALYTIC PROJECTS, WE ALSO GOT FEEDBACK FROM FOLKS, VERY STRONG
FEEDBACK, ABOUT INVESTING A LOT OF MONEY IN SOMETHING THAT WOULD CREATE NOT AS MUCH IMPACT OR AS
MANY BUSINESSES AND PEOPLE. AND SO THE FEELING WAS, IT’S A
LOT OF MONEY FOR VERY FEW BUSINESSES, QUESTIONS ABOUT
WHO’S REALLY GOING TO OWN THAT PROPERTY, KIND OF A FEELING OF,
IS THIS TRICKLED DOWN? AND SO THEIR REAL PUSH WAS PUT
THE MONEY IN THE HANDS OF INDIVIDUAL PROPERTY OWNERS AND
BUSINESSES. SO, WITH THAT FEEDBACK, WE —
EXCUSE ME. A LITTLE BIT MORE FEEDBACK.
THE OTHER FEEDBACK WE GOT THAT YOU’LL SEE IN THE PLAN THAT I’LL
DISCUSS IN A MOMENT IS WE GOT A LOT OF QUESTIONS ABOUT GRANTS
VERSUS LOANS, AN UNDERSTANDABLE DESIRE.
A REAL QUESTIONING, A REAL HESITANCY ABOUT USING PROPERTY
AS COLLATERAL. THE FIRST ONE WE HAVE TRIED TO
RESPOND TO. THE SECOND ONE IS A LONGER-TERM
CONVERSATION ABOUT HOW WE DO OUR
LOANS AND HOW THE TERMS ARE.
ANOTHER THING WE HEARD THAT WAS CRITICAL TO THE SUCCESS OF SMALL
BUSINESSES AND PROPERTY OWNERS IN THE AREA, NUMBER ONE, A
RECOGNITION THAT LEASE RATES, COMMERCIAL LEASE RATES IN THE
AREA ARE VERY HIGH AND COMMERCIAL AFFORDABILITY IS A
BIG CONCERN. SECOND, THAT THERE CONTINUES TO
BE BIAS IN LENDING. WE HAD MANY, MANY EXAMPLES
THROUGHOUT OUR NEARLY NINE-MONTH TIME FRAME THAT WE WERE
UNDERTAKING THIS PLAN WHERE WE HAD EXAMPLE AFTER EXAMPLE OF
PEOPLE FACING BIAS IN LENDING. ONE OF THE THINGS YOU SEE IN
THIS PLAN IS THAT PDC IS GOING TO NEED TO WORK MORE PROACTIVELY WITH LENDERS AND COME ALONGSIDE
THEM TO BE UPFRONT ABOUT THE KIND OF BARRIERS THAT PEOPLE ARE
FACING AND TO GO WITH THE BORROWERS TO THE LENDERS, TO TRY
TO HELP TO OVERCOME SOME OF THE BARRIERS THAT PEOPLE FACE.
NEXT, FINANCIAL EDUCATION. THERE’S A REAL RECOGNITION THAT
THERE IS A NEED FOR MORE FINANCIAL EDUCATION BROADLY IN
THE COMMUNITY. THIS ISN’T SOMETHING THAT TIFF CAN BE SPENT ON FOR JUST OVERALL
FINANCIAL EDUCATION, BUT IT’S REALLY CRITICAL FOR THE SUCCESS
OF THE COMMUNITY TO BUILD THEIR WEALTH, TO UNDERSTAND MORE ABOUT
WHAT WEALTH BUILDING IS. AND THEN, FINALLY, A CONCERN OR
A RECOGNITION THAT A LOT OF INDIVIDUALS THAT WE WOULD BE
TARGETING FOR ASSISTANCE WITH THIS PLAN MAY NOT KNOW ABOUT THE
EXISTENCE OF THESE TOOLS AND THE KINDS OF WAYS WE HAVE TRIED IN THE PAST, TO GET PEOPLE AWARE OF
THE FUNDING AND THE PROGRAMS THAT WE HAVE AVAILABLE TO ASSIST
PROPERTY AND BUSINESS OWNERS WILL NEED TO REALLY CHANGE AND
SO WE GOT LOTS OF GREAT IDEAS ABOUT HOW TO MARKET OUR PRODUCTS
THROUGH DIFFERENT CHANNELS. BUT THAT IS GOING TO BE A
CENTRAL COMPONENT TO SUCCESS IN THIS AREA.
SO, TAKING ALL OF THAT FEEDBACK, WE THEN — NOW HAVE A 90% PLAN THAT ALLOCATES THE $32 MILLION
BROADLY FOR MULTI-GENERATIONAL WEALTH CREATION WITH $14 MILLION GOING TO PROPERTY AND BUSINESS
REDEVELOPMENT. ALMOST $10 MILLION GOING TO —
BUSINESS DEVELOPMENT AND GROWTH. $
$ $5
MILLION GOING TO NEW HOMEOWNERS. WE RESPONDED TO THE COMMUNITY
FEEDBACK ABOUT THEIR HESITANCY AND CONCERNS ABOUT ANCHOR
PROJECTS AND INVESTING IN SECTOR INDUSTRIES WITH HIRING
COMMITMENTS BY ELIMINATING THOSE TWO ITEM AND REALLOCATING THE
FUNDS PRIMARILY TO THE PROPERTY OWNERSHIP AND REDEVELOPMENT AND THE BUSINESS OWNERSHIP AND
GROWTH CATEGORIES. AS AN EXAMPLE, THE LARGEST CATEGORIES WHERE WE TOOK THAT
$10.5 MILLION AND REINVESTED IT IN THE PLAN, $2.5 MILLION WENT
TO INCREASE THE LEVEL OF GRANT-MAKING THAT WE COULD DO
WITHIN THE PLAN. SO, WE INCREASED OUR PROPERTY
AND BUSINESS IMPROVEMENT GRANTS UP TO THE MAXIMUM OF $75,000
WITH A 25% MATCH. WE PUT A NEW LINE ITEM IN AROUND
PROPERTY ACQUISITION. WE INCREASED, BY $2.5 MILLION,
THE AMOUNT OF PROPERTY DEVELOPMENT LOANS THAT WE COULD
DO, WHICH INCREASES THE NUMBER OF PROPERTY OWNERS WE CAN SERVE.
AND THEN WE INCREASED COMMERCIAL AFFORDABILITY INVESTMENT BY $2.4
MILLION. SO, WE TRIED TO TAKE WHERE WE
ELIMINATED THOSE TWOITES ITEMS, WE
TRIED TO LISTEN TO THE COMMUNITY FEEDBACK AND TWEAK THE PLAN TO
PUT THE MONEY WHERE PEOPLE SAID THEY FELT IT WAS MORE
APPROPRIATE. AS FOR NEXT STEPS, AS TORY
MENTIONED, IN LATE NOVEMBER, EARLY DECEMBER, WE WILL HAVE A
FINAL MEETING WITH OUR PROJECT ADVISORY COMMITTEE.
THAT WILL HELP TO TAKE YOUR INPUT, THE INPUT OF THE
COMMUNITY FORUMS AND PRODUCE A FINAL PLAN FOR CONSIDERATION BY
CITY COUNCIL IN JANUARY. BY FEBRUARY, WE WILL HAVE
ESTABLISHED AN OVERSIGHT COMMITTEE THAT WILL REALLY WORK
WITH PDC ON AN ONGOING BASIS TO LOOK AT THE PLAN, THE
INVESTMENTS THAT WE ARE MAKING AND TO HOLD US ACCOUNTABLE AND
TO EVALUATE HOW THINGS ARE GOING.
WE’RE PUTTING TOGETHER A PLAN HERE.
THERE ARE PROBABLY SOME THINGS THAT ARE GOING TO WORK AND SOME
THINGS THAT MIGHT NOT WORK AS WELL.
AND SO, WE SHOULD ALL VIEW THIS — THIS PLAN AS A ROADMAP,
BUT UNDERSTAND THAT IT’S A LIVING DOCUMENT AND THAT IT WILL
NEED TO BE TWEAKED AS WE FIND OUT WHAT WORKS AND WHAT DOESN’T
WORK. AND, WE WILL BEGIN TO IMPLEMENT
THE ROBUST AND EFFECTIVE OUTREACH STRATEGY THAT WE NEED
TO HAVE FOR THIS PLAN. I WANT TO CLOSE BY JUST
SAYING — GIVING A THANK YOU TO THE PROJECT MANAGER FOR THIS
PROJECT, KIM MOORELAND.
SHE’S DONE A GREAT JOB. I ALSO WANT TO ACKNOWLEDGE THE
COMMITTEE MEMBERS, THE ADVISORY COMMITTEE MEMBERS, SOME OF WHICH
YOU’RE ABOUT READY TO HEAR FROM. THEY HAVE GIVEN MANY, MANY HOURS
OF THOUGHTFUL CONSIDERATION TO WHERE THE MONEY SHOULD GO, WHO
SHOULD BENEFIT, AND HOW WE SHOULD FRAME THIS PLAN UP AND WE
REALLY APPRECIATE ALL OF THEIR INPUT, IN ADDITION TO THE PEOPLE
WHO CAME TO THE FORUM. SO, WITH THAT, PERHAPS WE CAN
HEAR FROM THE PEOPLE WHO ARE HERE —
>>I THINK WHAT WE’LL DO FIRST IS TAKE SOME TESTIMONY AND THEN
WE’LL HAVE THESE TWO BACK UP TO ASK ANY FINAL QUESTIONS.
SO, WE HAVE ACTUALLY THREE DIFFERENT GROUPS.
WE’RE GOING TO START OUT WITH WHAT I’M GOING
TO CALL GROUP A. I’M ALWAYS RESPONSIVE TO YOUR
NEEDS. [LAUGHTER] .
>>[INDISCERNIBLE]>>YES.
GO AHEAD.>>GOOD AFTERNOON.
CHAIR KELLY, AND COMMISSIONERS, I STILL CHAIR THE
NORTH-NORTHEAST ECONOMIC DEVELOPMENT ALLIANCE AND HAVE —
WAS, AT ONE POINT, THE CO-CHAIR OF THE INTERSTATE URBAN RENEWAL
AREA. AS YOU ALL KNOW, IT WAS OUR GOAL, BACK IN 2000, TO BE ABLE
TO REDEVELOP THE INTERSTATE URBAN RENEWAL AREA BUT AT THE
SAME TIME, HAVE IT BE AN OPPORTUNITY TO CREATE WEALTH,
JOBS AND AN OPPORTUNITY FOR MINORITY FAMILIES IN THAT AREA.
BLACK FAMILIES, IN PARTICULAR, WHO HAD BEEN IMPACTED IN YEAR’S
PAST BY OTHER RENEWAL EFFORTS. THE GOAL WAS LOTABLE.
THE GOALS WERE IN THE PLAN.
THE IMPLEMENTATION DIDN’T HAPPEN.
WE ALL KNEW THAT THINGS WERE GOING TO GO WELL FOR THAT AREA.
IT DIDN’T HAPPEN FOR BLACK
BUSINESSES, BLACK RESIDENCES.
WE LOST BOTH OUT OF THE AREA. I’M REALLY PLEASED THAT WE HAD
THIS OPPORTUNITY THIS YEAR TO LOOK AT HOW WE COULD, AT LEAST
TO SOME EXTENT, LEVERAGE THE LAST OF THE DOLLARS THAT ARE
AVAILABLE THROUGH THE RACK FOR
THOSE COMMUNITIES, BUSINESSES AND RESIDENTS.
BOTH THOSE THAT ARE THERE NOW AND THOSE WHO HAD BEEN FORCED
OUT OF THE AREA. I WANT TO, FIRST, COMMEND THE STAFF AND LEADERSHIP ON THEIR
OPENNESS, THEIR STRAIGHTFORWARDNESS AND THEIR
WILLINGNESS TO HEAR WHAT THE COMMUNITY IS SAYING AND PUT IN
PLACE THINGS THAT THE COMMUNITY TRULY WANTS, THAT ARE DRIVEN BY
THE COMMUNITY AND THAT ARE FOR THE COMMUNITY.
WE’RE 90% THERE. WE’RE NOT ALL THE WAY THERE YET.
THE LAST TWO OUTREACH MEETINGS THAT WERE HELD, I THOUGHT, PROVIDED GOOD OPPORTUNITY FOR
THE COMMUNITY-BASED BUSINESSES AND NONPROFIT ORGANIZATIONS THAT
ARE ADVOCATES FOR THE RESIDENTS AND THE BUSINESSES IN THAT AREA
TO MAKE A DIFFERENCE. AND SO, I’M HOPING THAT YOU GUYS
WILL TAKE IT INTO CONSIDERATION, WHAT YOU SEE IN THE PLAN.
WE’VE TRIED TO BE AS SPECIFIC AS
WE COULD. NO ONE WANTS US TO PRE-COMMIT TO
ANYTHING. BUT LEAVE OPPORTUNITIES WE KNOW ARE GOING TO BE WORKABLE, DOABLE AND EFFECTIVE IN CREATING SOME
WEALTH OPPORTUNITIES FOR PEOPLE WHO STILL LIVE IN THE DISTRICT.
SO, I THINK THE THING THAT I WOULD LIKE TO EMPHASIZE IS, WE
NEED TO MAKE SURE THAT WE HAVE WAYS WE LEVERAGE OTHER
DEPARTMENTS. ZONING’S GOING TO BE AN ISSUE IN
THAT AREA. AND, EQUITY ZONING IS A TERM
THAT I’VE BECOME FAMILIAR WITH, IN THE LAST FEW WEEKS.
I WOULD HOPE THAT WE COULD FIGURE OUT A WAY THAT WE CAN
INSURE THOSE BLACK PROPERTY OWNERS, WHO STILL OWN THEIR
PROPERTY, HAVE A CLEAR PATH TO BE ABLE TO DEVELOP IT IN A WAY
THAT’S GOING TO BE SUCCESSFUL FOR THEM.
ALSO, THAT WE LOOK AT BRINGING IN DOLLARS FOR BUSINESSES TO BE
ABLE TO REDEVELOP. ALSO, TO OWN THEIR OWN BUSINESS
AND THEIR OWN PROPERTY. AND BE ABLE TO TAKE ADVANTAGE
OF — I’M NOT GOING TO SAY, LOANS, BUT ALSO, GRANT
OPPORTUNITIES WHERE THEY HAVE TO PARTICIPATE AND HAVE SOME SKIN IN THE GAME, BUT THE RISK IS
REDUCED BECAUSE WE KNOW CAPITAL IS ALWAYS GOING TO BE AN ISSUE
FOR THEM AND WE ALSO KNOW ABOUT
THE THIN FILE SYNDROME WHERE IT’S REALLY HARD FOR THEM TO GET
LOANS. SO, I’M HOPING THAT THOSE ARE
THINGS YOU GUYS WILL TAKE INTO CONSIDERATION, GRANTS THAT
ARE — THAT HAVE PARTICIPATION, 72-25 PARTICIPATION AND THE OPPORTUNITY FOR BUSINESSES TO
NOT ONLY GROW AND PROSPER, BUT ALL SO BE ABLE TO OWN THEIR OWN
PROPERTIES.>>THANK YOU.
AND THANKS FOR YOUR COMMUNITY ACTIVITY FOR SO MANY YEARS.
I CAN’T EVEN REMEMBER WHEN YOU STARTED.
IT’S BEEN A LONG TIME.>>CAN I ASK A QUESTION?
>>SURE.>>YOU TALKED ABOUT HOW, IN
2000, WE HAD A PLAN AND THE PLAN HAD GOOD INTENTIONS AND ALL THE KIND OF THINGS WE WOULD ALL HOPE FOR AND HERE WE’RE ON THE
PRECIPICE OF HAVING MORE GOOD INTENTIONS.
FROM YOUR PERSPECTIVE, WHERE DID IT FALL DOWN?
WHAT LESSONS CAN WE LEARN FROM IT?
>>SOME OF THEM ARE GOING TO BE ABLE TO BE ADDRESSED BY —
DIRECTLY BY THE PLAN HERE. SOME OF THEM, AGAIN, AS I
MENTIONED, ARE GOING TO HAVE TO BE LEVERAGED BY THE OTHER
PARTNERS. THE ENTERPRISE ZONE NEEDS TO BE
LEVERAGED INTO THIS PROCESS BECAUSE YOU HAVE TO CREATE JOBS.
THE ENTERPRISE ZONE WAS PUT INTO PLACE SO BUSINESSES THAT GET A
BENEFIT WOULD HIRE FROM THE COMMUNITY.
AND, BE — HELP FOLKS TO BE ABLE TO AFFORD TO LIVE IN THE
COMMUNITY, AS THE PROPERTY VALUES CHANGE OVER TIME.
SO, THAT’S A PIECE THAT PDC HAS SOME CONTROL OVER THAT I THINK
STILL NEEDS TO BE TOOLED A BIT BETTER SO THAT IT RESPONDS
BETTER TO THAT COMMUNITY.>>WHEN YOU WERE TALKING ABOUT
ZONING, I ASSUME YOU WERE TALKING ABOUT, FOR EXAMPLE,
PLANNING AND SUSTAINABILITY — GO AHEAD?
>>ZONING WAS ANOTHER ISSUE. THERE’S BEEN A LOT OF REZONING
IN THE AREA SINCE WHAT WE ORIGINALLY PUT IN PLACE WAS A
LOT OF E ZONE THAT GAVE US OPPORTUNITIES TO GO WITH THE WAY
THE MARKET MIGHT DEVELOP. WE SEE WHERE THE MARKET HAS
DEVELOPED AND WE NEED TO MAKE SURE WE HAVE OPPORTUNITY FOR
BUSINESS IN THAT AREA TO BE ABLE TO DEVELOP, ALONG WITH THE
HOUSING. SO, THAT’S A KEY PIECE.
SO, ZONING IS A BIG ONE. THE OTHER ONE IS, HOW WE DO THE
LOANS. AND THE MINDSET THAT’S HELD BY
THE FOLKS WHO ARE PROVIDING LOANS IN THE COMMUNITY.
ORGANIZATIONS HAVE BEEN REALLY SUCCESSFUL WITH PROVIDING LOANS,
LIKE MESO, AOC, AND THEY’VE MADE
LOANS IN THAT COMMUNITY AND THEIR LOSS HAS BEEN VERY SMALL
AND SO I THINK IT’S ALL ABOUT HOW YOU MAKE THE LOANS AND
HOW YOU WORK WITH THE LOAN
RECIPIENTS THAT WILL MAKE A DIFFERENCE.
AND WE HAVE MECHANISMS OUT THERE NOW THAT HAVE SUCCESS BEHIND
THEM, THAT WE SHOULD USE SO THAT WE DON’T CREATE MORE STRESS ON A
PERSON WHO’S COMING THROUGH THE DOOR, WHO GETS THE LOAN, AND THE THINGS WE PUT TO MAKE SURE THE
MONEY’S SAFE ACTUALLY INTERFERES WITH THEM BEING ABLE TO GROW
THEIR BUSINESS AND DO THEIR BUSINESS.
>>THANK YOU.>>STEVEN?
>>COMMISSIONERS, EXECUTIVE
DIRECTOR, I’M STEVEN GREEN. I WORKED HERE WITH THE
ECONOMIC DEVELOPMENT TEAM.
LONG-TIME PROPERTY OWNER. I THINK WE’VE GOT A GROUP OF
PEOPLE THAT’S REALLY, REALLY ENGAGED AND BRINGS A DEPTH OF
EXPERIENCE AND PERSPECTIVE TO THE SITUATION.
ONE OF THE THINGS — SHEILA HIT ON A LOT OF GREAT POINTS.
ONE OF THE THINGS THAT CAME OUT TO ME IN VISITING WITH THE
COMMUNITY AND ALSO IN OUR GROUP IS THREE FACETS OF THIS.
THE FIRST ONE IS TRUST. TRUST, I THINK, ESPECIALLY AFTER LAST NIGHT’S EVENTS, I THINK FROM THE COMMUNITIES OF COLORS
PERSPECTIVE, IS REALLY PARAMOUNT AND A LOT OF PEOPLE BROUGHT
THINGS TO THE TABLE THAT WERE REAL AND TRUE FOR THEM THAT MAY
BE PLACED IN THEIR EXPERIENCES, THAT DID HAPPEN, DIDN’T HAPPEN,
THINGS THAT HAPPENED A LONG TIME AGO, THINGS THAT HAPPENED LAST
WEEK. THE OTHER PIECE IS EDUCATION.
AS YOU GUYS KNOW — AND GALS KNOW — TIFF IS A VERY MYOPIC
TOOL AND IT CAN’T BE ALL THINGS TO ALL PEOPLE AND SO ONE OF THE
THINGS THAT CAME AWAY FROM ME IS PEOPLE HAD A LOT OF GREAT IDEAS.
AND A LOT OF GREAT SUGGESTIONS, BUT NOT A LOT OF THEM WERE
TIFF-ELIGIBLE AND THINGS THAT WE COULD REALLY HIT THE BALL OUT OF
THE PARK ON RIGHT AWAY. AND THEN THE THIRD PIECE OF THIS
IS REALLY URGENCY. I THINK, YOU KNOW, I WAS
ASTOUNDED BY THE NUMBER OF PEOPLE THAT CAME TO THE EVENTS.
I WAS ALSO ASTOUNDED BY THE NUMBER OF PEOPLE I DIDN’T SEE AT
THE EVENTS. WE TALKED ABOUT SIMILAR THINGS.
THE NORTH-NORTHEAST ECONOMIC INITIATIVE IN 2010 WHERE WE
EXPANDED THE INTERSTATE BOUNDARY
AND HAD 12 MEETINGS AND MANY OF
THE SAME ISSUES CAME UP. TO ME, WE HAD A LOT OF GREAT
PEOPLE THAT DIDN’T HAVE THE HISTORIC KNOWLEDGE OF GOING TO THOSE EVENTS IN THE PAST, COME
IN AND BRING UP A LOT OF GREAT HISTORIC KNOWLEDGE OF GOING TO
THOSE EVENTS AND WILL BIG A BIG ALLY HERE WITH THE THINGS
SWIRLING IN THE COMMUNITY. IT’S A CHANGING LANDSCAPE.
NORTH-NORTHEAST IS VERY DIFFERENT THAN WHAT IS WAS IN
2000. PORTLAND IS VERY DIFFERENT THAN
WHAT IT WAS. YOU HEARD SOME OF THE CENSUS
DATA ABOUT NORTH-NORTHEAST, THE BLACK COMMUNITY IN PORTLAND HAS
GROWN SINCE 2000. WE DON’T PREDOMINANTLY LIVE IN
NORTH-NORTHEAST. AND THESE FOLKS ARE MORE
DISCONNECTED THAN EVER TO THE GREAT WORK THAT PDC’S DONE AND
COULD BE DOING, GOING FORWARD AND SO I THINK TRUST, EDUCATION
AND URGENCY ARE REALLY GOING TO BE PARAMOUNT TO THIS WORK GOING
FORWARD. TO THE FOLKS ON THE COMMITTEE,
WE’VE BEEN REALLY, REALLY COMMITTED AND WE’RE GOING TO BE
HOLDING YOU ACCOUNTABLE BECAUSE ONE OF THE THINGS THAT CAME OUT
OF THIS IS WE’RE PUTTING OUR NAME ON THIS.
THIS IS NOT GIVE PDC A LIST OF THINGS TO DO AND STEP AWAY AND
WATCH IT HAPPEN. IF OUR NAMES ARE ON THIS, IF THE
ORGANIZATIONS WE’RE A PART OF ARE ON THIS, WE’RE GOING TO HAVE
TO BE INVOLVED AND I THINK THAT GOES FOR THE COMMISSIONERS, AS
WELL. THIS IS VERY DIFFICULT, VERY,
VERY IMPORTANT WORK AND I DON’T THINK IT’S IMPORTANT THAN WHAT
IT IS RIGHT NOW. AS SOMEONE WHO’S SPENT THE LAST
15 YEARS IN ACCESS TO CAPITAL IN NORTHEAST PORTLAND, I REALLY SEE
THE GRANULARITY OF WHAT’S GOING ON.
I ALSO SEE A LOT OF THE OPPORTUNITY.
I SEE THE OPPORTUNITY TO TALK ABOUT A LOT OF THE THINGS THAT
ARE WORKING AND THERE ARE A LOT OF GREAT THINGS THAT ARE WORKING
AND WE SHOULD BE TALKING ABOUT THOSE THINGS IN NORTH-NORTHEAST
AND RIGHT WHERE WE’RE SITTING. SOME OF THE LARGEST BLACK-OWNED
BUSINESSES WITH EMPLOYEES ARE BLOCKS FROM WHERE WE’RE SITTING
RIGHT NOW. FROM AN ECONOMIC DEVELOPMENT
PERSPECTIVE, WE NEED THE URGENCY IN OTHER PARTS OF THE CITY, AS
WELL. I’M LOOKING FORWARD TO HAVING
MORE CONVERSATIONS.>>THANK YOU, STEVEN.
>>I ALSO SERVE ON THE SUBCOMMITTEE AND I’M SURE THAT
SHEILA AND STEVEN HAVE GIVEN GREAT TESTIMONY SO FAR.
I WANT TO ADD TO THAT AND STRESS THE NEED FOR URGENCY, TRUST AND
AS STEVEN SAID, ACCOUNTABILITY. IN THOSE PUBLIC MEETINGS AND OUR
SUBCOMMITTEE MEETINGS WHERE WE INVITED THE PUBLIC TO BE A PART
OF THE CONVERSATION, WE REALLY GOT A CHANCE TO REALLY HEAR FROM
PEOPLE. THERE WERE PEOPLE WHO CAME TO
THOSE MEETINGS AND THEY WERE KEY STAKEHOLDERS AND THEY TOOK TIME
OUT OF THEIR DAY, AWAY FROM THEIR BUSINESSES AND SHARED
INFORMATION WITH US AND WE WERE ABLE TO REALLY ENGAGE WITH THEM
PERSONALLY DURING THE MEETING, AFTER THE MEETING.
WE WERE STAYING EXTRA TIME TO TALK TO THEM.
I FEEL, AS A MEMBER OF THE SUBCOMMITTEE, I FEEL AN ENORMOUS
PRESSURE. I FEEL AN ENORMOUS STATE OF
ACCOUNTABILITY THAT AS STEVEN SAID, THIS IS HISTORICAL.
WHATEVER IS DECIDED IS GOING TO BE HISTORICAL AND IT’S GOING TO
BE SOMETHING THAT OUR CHILDREN ARE GOING TO BENEFIT FROM AND
IT’S VERY IMPORTANT AND AS I WAS
LISTENING TO PEOPLE WHO WERE A PART OF THIS AND PEOPLE ARE
FEELING ANGRY, FEELING THAT THEY WEREN’T HEARD THE FIRST TIME AND
THEY’RE COMING TO MEETINGS OVER AND OVER, IT JUST — SOME OF THOSE PEOPLE ARE PEOPLE I
REMEMBER GOING TO MEETINGS WITH MY MOTHER.
I FEEL A GREAT SENSE OF RESPONSIBILITY.
AS STEVEN SAID, WE’RE GOING TO BE HERE FROM NOW TO THE VERY
END, TALKING TO YOU ABOUT THIS, SHARING THE PERSPECTIVES THAT
WE’RE RECEIVING AND I FEEL THAT WE’RE ADVOCATES RIGHT NOW.
WE ARE THE VOICE OF THE COMMUNITY.
SO, THANKS FOR HAVING THOSE COMMITTEE FORUMS.
THE SECOND ONE WAS MORE PEOPLE BECAUSE ONCE THE WORD SPREADS,
IT WAS LIKE, OH, MY GOSH, THEY’RE LISTENING, WE HAVE TO GO
PART. IT’S VERY IMPORTANT FOR US TO
ACTUALLY PUT WHAT EVERYONE IS SAYING INTO THIS PLAN AND FOR
PEOPLE TO FEEL THEY’RE BEING HEARD.
FOR A LOT OF PEOPLE, THEY’RE OLDER, THEY’RE AGING.
THIS IS THEIR LAST OPPORTUNITY AND WE TAKE THAT VERY SERIOUSLY,
THAT WE’VE BEEN GIVEN THE OPPORTUNITY TO BE THAT VOICE.
THANK YOU.>>THANKS TO THE THREE OF YOU.
WE HAVE OUR NEXT GROUP COMING UP, UNLESS ANYONE HAS A VERY
QUICK QUESTION. THANK YOU VERY MUCH.>>WE HAVE THREE INDIVIDUALS
FROM MESO. GROUP A TOOK ALL YOUR TIME.
I’M JUST JOKING. WELCOME.
>>THANK YOU. THANK YOU FOR THIS INVITATION TO
TALK TO CHAIR KELLY AND COMMISSIONERS.
MY NAME IS NITA. SO, WE HAVE PRESENT SOME
BUSINESS COMMUNITIES WHO ARE SUPPORTED BY
MICROENTERPRISE SERVICES.
THEY ARE PROVIDING BUSINESS SUPPORT TO SMALL BUSINESSES FOR
THE LAST 11 YEARS. I, ALONG WITH FULISHA AND
[INDISCERNIBLE], HAVE PARTICIPATED IN THE
NORTH-NORTHEAST COMMUNITY INITIATIVE FOR THE PAST YEAR.
I WANT TO THANK [INDISCERNIBLE] AND KIM AND REALLY, THEY CAME TO
OUR BOARD MEETING YESTERDAY AND ALSO SHARED THIS PLAN AS
EVERYONE IS SO INTERESTED IN IT. BUT, THEY CAME — THEY HAVE MADE
TREMENDOUS EFFORT IN MAKING SURE THAT THE PROCESS AND THE
DISCUSSIONS THAT WE HAD WERE RESPECTFUL, THAT THE COMMITTEE
WAS FULLY INVOLVED WITHOUT ANY PRESSURE AND WAS VERY
TRANSPARANT. INFORMATION NEEDED BY THE
COMMITTEE WAS PROVIDED IN A TIMELY AND UNDERSTAND
ABLE FASHION.
>>SUGGESTIONS FROM OUR SMALL BUSINESS NETWORK WERE SUBMITTED,
WHICH WAS SHARED WITH THE COMMITTEES.
IN PARTICULAR, OUR NETWORK REQUESTED INCREASING THE TENANT
IMPROVEMENT GRANTS FROM $50,000 TO
$75,000 TO KEEP PACE WITH INCREASE CONSTRUCTION COST AND
INCREASE COMMERCIAL AFFORDABILITY
GRANTS AT LOCATIONS IDENTIFIED BY TENANTS
WITHIN THE URA. THE TWO COMMUNITY FORUMS WERE
ADVERTISED WIDELY. FEEDBACK WAS COLLECTED AND IS
NOW BEING CONSIDERED. THE CONCERNS WE CONTINUE TO HEAR
IS, WILL THE TRANSPARENCY CONTINUE DURING THE IMPLEMENTATION PHASE?
THROUGHOUT THE NEXT FIVE YEARS. SO WE ARE REQUESTING FOR THE
CITY AUDIT DEPARTMENT TO BE INVOLVED TO PROVIDE CLEAR
GUIDANCE ON CONFLICT OF INTEREST FOR THE PROJECT ADVISORY
COMMITTEE. THAT IS TO BE FORMED TO OVERSEE
DISBURSEMENT. SECONDLY, TIME IS OF THE
ESSENCE. SO USING LOCAL PARTNERS IN THE
URA TO BE INVOLVED TO HELP DISBURSE THE FUNDS.
LASTLY, SINCE THE PLAN IS BASED ON THE DATA COLLECTED ABOUT THE
INEQUITY THAT THE CURRENT AFRICAN AMERICANS FACE, WE ARE
REQUESTING THAT 100% OF THE FUNDS ALIGN AND SUPPORT THOSE
WHO IT IS INTENDED TO HELP.>>THANK YOU.
>>THANK YOU VERY MUCH. ANY QUESTIONS, COMMISSIONERS?
THANK YOU. AND NOW WE HAVE GROUP C, WHICH
IS RAY LEARY. RAY, COME ON UP AND JAMES POSEY. GENTLEMEN, WELCOME.
>>THANK YOU.>>CHAIRMAN, KELLY, FELLOW
COMMISSIONERS, MY NAME IS RAY LEARY AND I I AM REPRESENTING
BYE ACCEPT, BLACK INVESTMENT
CORPORATION FOR ECONOMIC PROGRESS.
AS AN AFRICAN-AMERICAN COMMUNITY DEVELOPMENT ORGANIZATION WITH
BOARD MEMBERS WHOB INVOLVE IN ECONOMIC DEVELOPMENT ACTIVITIES
FOR DECADES IN NORTH AND NORTHEAST PORTLAND, WE FEEL
COMPELLED TO PROVIDE SOME FEEDBACK TO THE COMMISSION
REGARDING THE PROPOSED 90% DEVELOPMENT ACTION PLAN BEING
PRESENTED TODAY. OUR ASSESSMENT IS THAT IF THIS PLAN IS ADOPTED WITHOUT CHANGES,
THE COMMISSION, PDC AND THE CITY WILL ONCE AGAIN REPEAT THE
FAILURES OF THE PAST BY OVERPROMISING BENEFITS AND
UNDERDELIVERING TANGIBLE ECONOMIC RESULTS FOR THE
NORTH/NORTHEAST BLACK COMMUNITY DESPITE THE RECENT PUBLIC
STATEMENTS ABOUT ITS GOOD INTENTIONS.
WE RON WYDEN PDC HAS MADE BETTER EVENTS TO LISTEN, ENGAGE, AND
TRY TO WORK MORE CLOSELY WITH NORTH/NORTHEAST COMMUNITY-BASED
ORGANIZATIONS. RESIDENTS AND BUSINESSES OVER
THE LAST FEW MONTHS. BUT WE ARE NOT WHOLLY CONVINCED
THESE EFFORTS WILL PRODUCE MORE TANGIBLE ELIGIBLE AND
SUBSTANTIVE RESULTS FOR THE COMMUNITY AND HERE’S WHY.
WE DO NOT BELIEVE THAT PDC CURRENTLY HAS SUFFICIENT
CAPACITY OR EXPERTISE TO MOBILIZE, QUALIFY, PROCESS, AND
STAFF THE VOLUME OF SMALL PROJECTS, SMALL PROJECT
TRANSACTIONS I UNDERSTAND IT’S ABOUT 120 NOW, IF I AM CORRECT. AND IN AN AVERAGE PROJECT COST
OF $23W50,000 TO $300,000 NECESSARY TO EXPEND THE ENTIRE
$32 MILLION IN THE NEXT FOUR YEARS BASED ON THE EXPENSION
CATEGORIES PROPOSED IN THIS 90% PLAN.
WE ALSO STRONGLY BELIEVE THERE NEEDS TO BE MORE FLEXIBILITY
BUILT INTO THE PLAN SO PDC CAN, HAS THE ABILITY TO INVESTMENT IN
IMPORTANT PROJECTS. I THINK WHAT YOU SAW ON THE
BOARD THEY WOULD BE CONSIDERED ANCHOR PROJECTS.
THAT CREATE MEANINGFUL ECONOMIC OPPORTUNITY AND PARTICIPATION
FOR THE HISTORIC NORTHEAST COMMUNITY AND ARE THUS DESERVING
OF THE COMMISSION AND THE CITY’S SUPPORT.
IF SOME OF YOU MAY KNOW, THE BLACK INVESTMENT CORPORATION FOR
ECONOMIC PROGRESS IS INVOLVED IN THE EARLY PLANNING STAGES TO
CREATE THE SOUL DISTRICT THAT INCLUDES THE DEVELOPMENT OF SUCH
OF A FEW SUCH PROJECTS IN NORTH/NORTHEAST PORTLAND.
FOR EXAMPLE, CURRENTLY BYE ACCEPT IS CONSULTING ON A
PROJECT WITH MULTNOMAH COUNTY TO EXPLORE THE POTENTIAL
FEASIBILITY OF REDEVELOPING THIS BLOCK ON NORTHEAST MLK AND
NORTHEAST KILLINGSWORTH. THAT WOULD NOT ONLY BE ABLE TO
BE BUILT IN THE CREPT MARKET TO DELIVER THE TYPE OF PROPOSED OR
DESIRED COMMUNITY BENEFITS USED THAT ARE CURRENTLY BEING
DISCUSSED WITH A WIDE ARRAY OF COMMUNITY PARTNERS WITHOUT
SUBSTANTIAL ADDITIONAL SUBSIDIZED RESOURCES LIKES NEW
MARKET TAX CREDITS OR TIF. GIVEN THAT TIF IS ONE THE ONLY
LOCAL RESOURCES AVAILABLE TO PROMOTE PUBLIC AND PRIVATE
COMMUNITY BENEFITS AND COMMERCIAL DEVELOPMENT IT MAKES
LITTLE SENSE TO LIMIT ITS USE TO BUSINESS IMPROVEMENT. IT NEEDS TO BE A FLEXIBLE TOOL.
ABLE TO COVER BOTH LARGER SCALE AND SMALLER SCALE COMMERCIAL AND
ECONOMIC REVITALIZATION PROJECTS IN THE URBAN RENEWAL ZONE.
TODAY BICEP ENCUSHINGS THE COMMISSION TO ALLOW THE STAFF TO
ALLOW THE PROJECT ADVISORY COMMITTEE.
I I THINK YOU HAVE. TO WEIGH IN SUBSTANTIVELY ON THE
90% ACTION PLAN AND MAKE ITS FINAL RECOMMENDATIONS TAKING
INTO CONSIDERATION THE COMMUNITY INPUT THAT WAS RECEIVED IN THE
RECENT PUBLIC MEETINGS. WE ARE ENCOURAGED THIS ACTION
BECAUSE THE PDC CONVENED THIS DIVERSE AND REPRESENTATIVE GROUP
TO HELP IT DESIGN THE ACTION PLAN IN THE FIRST PLACE AND THUS
THIS BODY OUGHT TO BE THE FINAL ASH TER OF THE PLAN’S CONTENT,
WEIGHING IN, WEIGH, ALL INPUT AGAINST WHAT THIS BODY ALREADY
KNOWS ABOUT PDC’S HISTORY, SUCCESSES AND FAILURES IN
CREATING ECONOMIC RESULTS ON THE GROUND IN NORTH/NORTHEAST
PORTLAND. AND JUST AS IMPORTANTLY, WE ALSO
STRONGLY RECOMMEND THAT THE COMMISSION BUILD INTO THE FINAL
ADOPTED PLAN THE FLEXIBILITY TO HOLD BACK AND SPEND UP TO $12
MILLION FOR SIGNIFICANT PROJECTS SHOULD APPROPRIATE PROJECTS THAT
DELIVER SUBSTANTIAL COMMUNITY BENEFITS THAT SERVE THE
NORTH/NORTHEAST COMMUNITY DEVELOPMENT ACTION PLAN’S
OBJECTIVES AND INTENT EMERGE FOR CONSIDERATION IN THE NEXT 24
MONTHS. AGAIN, FROM LISTENING TO YOUR
REPORT, I THINK SOME OF THOSE ACTIONS HAVE BEEN TAKEN.
WE ARE ENCOURAGED BY THE DIALOGUE AND THE CONTINUED
CONVERSATION AROUND THE USE OF THESE RESOURCES.
BUT ONCE AGAIN, IF WEALTH CREATION IS, IN FACT, ONE.
KEY OBSTACLES IN THIS EFFORT, THEN WE HAVE TO MAKE SURE THAT
WE DO THINGS ON A SCALE THAT WILL GENERATE LONG-TERM WEALTH
AND THAT WILL BE WEALTH THAT CAN BE SUSTAINED.
LASTLY, I WILL SAY THAT IT WAS WITH A BIT OF IRONY THAT THIS
PAST WEEK, THERE WAS AN ARTICLE ABOUT THE NATURE OF USH RENEWAL
AND HOW IT HURT AFRICAN THERE WAS A SNAPSHOT OF AN
OPPORTUNITY THAT WAS AVAILABLE TO THE DEVELOPMENT TEAM OF
VANPORT SQUARE. WELL, I WOULD JUST SAY WITHOUT
GOING INTO DETAIL THAT THE DEVELOPMENT AT VANPORT SQUARE IS
A TALE OF TWO CITIES. THERE IS THINGS TO CELEBRATE AND
THIS ARTICLE MADE THAT CLEAR. BUT AS YOU DIG DEEPER INTO THE
REALITY OF HOW THAT PROJECT CAME ABOUT, YOU WILL FIND THAT
INEQUITY WAS THROUGHOUT ITS EFFORT AND THAT PROMISES MADE
WERE NOT KEPT, AND THAT STANDARDS USED IN THE
DEVELOPMENT OF OTHER PUBLIC PROJECTS RN NOT THE SAME WHEN IT
CAME TO DEVELOPMENT OF VANPORT SQUARE.
THANK YOU FOR TIME. I WILL RECEIVE ANY QUESTIONS YOU
HAVE AND I APPRECIATE YOUR EFFORT.
>>THANK YOU. MR. POSEY.
>>THANK YOU VERY MUCH. GOOD EVENING.
I THINK IT’S EVENING.>>IT’S GETTING THERE.
WE ARE GETTING CONSCIOUS OF THAT FACT.
>>MY NAME IS JAMES POSEY. I AM, I HAVE BEEN PART OF
SEVERAL GROUPS, COALITION OF BLACK MEN, THE FOUNDER OF THE, I
AM CURRENTLY THE VICE PRESIDENT OF THE LOCAL CHAPTER OF THE
NAACP. BUT MORE IMPORTANTLY, I LIVE ON
THE CORNER OF STANTON AND RODNEY DOWN THE STREET FROM DAWSON
PARK. I HAVE BEEN THERE FOR ABOUT
ALMOST 40 YEARS. I HAVE OWNED A CONSTRUCTION
COMPANY. IN FACT, I DEALT A LOT WITH YOUR
FATHER, NEAL, ON THOSE PROJECTS ON MLK.
I’VE OWNED A DELI ON THE CORNER OF STANTON AND MLK FOR 16 YEARS.
THAT’S HARD WORK. LET ME TELL YOU.
SELLING SANDWICHES AND MAKING LATTES FOR 16 YEARS IN
CONJUNCTION WITH RUNNING MY CONSTRUCTION COMPANY.
I HAVE HAD A NUMBER OF YEARS DEALING WITH PDC.
AND I LISTEN TO SHEILA AND ALL THOSE NICE NAMES, NORTHEAST
COMMUNITY DEVELOPMENT CORPORATION, AND THE ALIIANS OF
NORTHEAST ALLIANCE OF CORPORATIONS, ALL THESE NICE
NAMES. THE ALBINA PLAN.
BUT SUFFICE IT TO SAY, OUR COMMUNITY HAS TAKEN A HIT AS A RESULT OF THESE, MAYBE GOOD
INTENTION KINDS OF OPERATIONS IN OUR CITY BUT TODAY, I WANT TO
TELL YOU, WHEN I LOOK AT THIS $32 MILLION, IT’S ALMOST AN
INSULT. WE CALL IT KIBBLES AND BITS.
YOU KNOW, YOU GIVE IT TO YOUR ANIMALS SOMETIMES.
AND SO IT’S NOT TO DISPARAGE YOU HAVE ALL TAKEN A STANCE RIGHT
NOW. I WANT TO APPLAUD KIMBERLY AND
HER STAFF FOR BEING VERY HONEST, PROBABLY THE MOST HONEST I HAVE
HEARD PDC AND THAT GOES A LONG WAY TOWARDS ESTABLISHING
CREDIBILITY AND TRUST. BUT AT THE END OF THE DAY, I AM
FRIGHTENED BY THE PROSPECT OF YOU ALL USING THIS MEAGER $32
MILLION, AND TALK ABOUT HOW YOU ARE GOING TO SPEND IT, AND ALL
THAT KIND OF THING WHEN THE REALITY IS, IS THAT JUST PRIOR TO THIS MEETING, WE TALKED ABOUT
$340 MILLION IN YOUR BUDGET. I DIDN’T GET THE WHOLE GIST OF
WHAT YOU WERE DOING. BUT YEARS AND YEARS AND YEARS OF
SPENDING MONEY AND HELPING DEVELOPERS AND, IN THIS
COMMUNITY, AND I DON’T SEE THE LINKAGE BETWEEN HOW YOU LEVERAGE
THOSE DOLLARS, NOT ONLY IN TERMS OF THE MONIES AND PROPERTIES
THAT YOU CONTROL, BUT WE LIVE IN MULTNOMAH COUNTY.
WE LIVE IN THE CITY. WE LIVE IN THE CITY OF PORTLAND.
THE CONNECTION BETWEEN THE MONIES THAT’S BEING SPENT IN THE
CITY OF PORTLAND, AND THE STATE FOR THAT MATTER, IS
ASTRONOMICAL. IN RELATIONSHIP TO WHAT THE
ISSUE IS. WE WILL NEVER GET THERE AT WITH
THE MIND-SET THAT WE HAVE HERE. WE HAVE TO TALK ABOUT THESE
BROAD PUBLIC-PRIVATE PARTNERSHIPS.
AND LISTEN, YOU ALL HAVE BEEN IN THE BUSINESS OF PICKING WINNERS
AND LOSERS. WE’RE ON THE LOSING END OF THIS
THING. AND YOU ALL NEED TO APPLY THE
SAME INTELLECTUAL ENERGY AND INTELLIGENCE TO TRY AND MAKE
THIS COMMUNITY WHOLE. I’M NOT TALKING ABOUT EQUITY.
I’M MORE IN LINE WITH A CONCEPT CALLED PARITY.
WE HAVE TO SET A GOAL OF TRYING TO MAKE OUR COMMUNITY AS WELL
OFF AS OTHER PARTS OF THIS COMMUNITY.
AND I DON’T SEE THAT IN THE PLAN QUITE FRANKLY.
I SEE CONSTRAINT. I SEE THE TIF THING.
WHEN I HAVE DISCUSSIONS WITH YOUR PEOPLE ABOUT TIF, THEY WANT
TO CONFINE IT TO BRICK AND MORTAR, ET CETERA, ET CETERA.
BUT AT THE END OF THE DAY WE’RE NOT TALKING ABOUT BRICK AND
MORTAR. WE ARE TALKING ABOUT PEOPLE’S
LIVES, HOW THEY HAVE BEEN HURT. AND WE THROW OUT THE STATISTICS
ABOUT THE PEW. AFRICAN AMERICANS HAVING A COMBINED WEALTH OF 11 — 11,000
VERSUS $130,000. AND SOME OF THE ARTICLES, IT
WILL TAKE AFRICAN AMERICANS 228 YEARS TO CATCH UP.
AFRICAN-AMERICAN YOUTH, HALF OF AFRICAN-AMERICAN YOUTH LIVE IN
POVERTY. AND I LOOK AT YOU ALL HERE.
I DON’T THINK NONE OF YOU ALL ARE RESPONSIBLE FOR THIS.
I MEAN, Y’ALL RELATIVELY NEW. EVERY ONE OF YOU RELATIVELY NEW. BUT WE HAVE TO, WE HAVE TO APPLY
THE METRICS TO THIS PROBLEM. WE HAVE TO APPLY, YOU KNOW, WE
HAVE TO APPLY. WE NEED SOME ACCOUNTANTS.
WE NEED SOME PEOPLE. SOME AUDITORS.
WE NEED PEOPLE TO LOOK AT THIS TO BE ABLE TO PROJECT OUT WHAT
IT’S GOING TO LOOK LIKE TO BRING OUR COMMUNITY TO SOME LEVEL OF
PARITY TO THE REST OF THE COMMUNITY.
TO DO ANYTHING LESS THAN THAT IS REALLY A DISGRACE.
AND I THINK IT’S BEEN, BENEATH ALL OF YOU TO REALLY SIGN ON TO
THAT KIND OF NOTION. I’M ASKING, I’M JUST GOING TO, I
TALKED TO KIMBERLY. I HAVE A LIST OF THINGS I WENT
VERY SPECIFICALLY ABOUT THINGS LIKE YOU DON’T HAVE NO VETERANS IN HERE, BLACK VETERANS WHO
REALLY SACRIFICE. WHEN YOU START PRIORITIZING WHAT
YOU ARE GOING TO DO. I DON’T SEE A WHOLE NOTION OF
INCENTIVE-BASED APPROACHES, PUBLIC-PRIVATE PARTNERSHIP.
THE LIST IS THERE. I HAVE GIVEN TO HER THE LIST.
I HAVE TALKED TO HER. I HAVE TALK WOULD TO THE STAFF.
AND I WILL SAY AT THE END OF THE DAY, I THINK THERE’S A HOPE THAT
WE’RE GOING TO DO SOMETHING DIFFERENT THIS TIME.
I JUST ASK THAT YOU DO IT NO, NOT
IN THE BOX THAT YOU HAVE
TRADITIONALLY BEEN DOING IT BUT EXPAND IT AS BROADLY AS YOU
POSSIBLY CAN AND MAKE THIS THING HAPPEN FOR THE SAKE OF OUR
COMMUNITY.>>THANK YOU.
THANK YOU VERY MUCH.>>THANK YOU. WE’RE GETTING BEHIND.
CAN WE GET STAFF UP HERE FOR SOME QUESTIONS?
WE ARE GOING TO HAVE TO MOVE ALONG PRETTY QUICK. MR. EDLEN, ANY QUESTIONS?
COMMISSIONERS? CAN YOU JUST ADDRESS THE
QUESTION THAT WAS POSED THAT WE HAVE THE CAPACITY TO IMPLEMENT
THIS PLAN?>>I TOOK A LOOK AT IT.
WHEN WE LOOK AT THE NUMBER OF BUSINESSES AND PROPERTY OWNERS
WE ARE TRYING TO SERVE, OVER FIVE YEARS, IT’S ABOUT 130
BUSINESSES AND PROPERTY OWNERS. ON AN ANNUAL BASIS, THAT’S ABOUT
26 TRANSACTIONS OVER THE NEXT FIVE YEARS, EACH YEAR.
THAT IS CONSISTENT WITH THE VOLUME THAT WE’RE DOING RIGHT
NOW. I WOULD SAY THAT I THINK,
BECAUSE WE HAVE RAISED EXPECTATIONS IN THIS AREA, AMONG
THE COMMUNITY, THAT WE ARE GOING TO HAVE TO BE PROACTIVE,
INTENTIONAL AND VERY GOOD FOLLOW THROUGH.
AND SO I THINK WE HAVE THE CAPACITY TO DO IT.
WE MAY NEED TO LOOK TO OUR PARTNERS TO COME ALONGSIDE US
AND HELP US TO ACHIEVE THOSE GOALS.
BUT I DO BELIEVE WE HAVE THE FUNDAMENTAL CAPACITY TO DO THE
AMOUNT OF WORK THAT IS BEFORE US.>>ANY OTHER QUESTIONS OR
COMMENTS?>>I HAVE A QUESTION.
DO WE OFFER ANY LOAN STRUCTURES SIMILAR TO WHAT MARTINEZ SO’S
STRUCTURE IS? I HAVE HEARD THAT AS ONE OF THE
CONCERNS. WAS THAT THERE IS AN — THERE
ISN’T ACCESS TO CAPITAL.>>I WOULD JUST SAY THAT MISO HAS A SUITE OF LOAN PRODUCTS.
AND WE DID, SOME OF WHICH ARE PRODUCTS THAT WE DO NOT OFFER
BECAUSE THEY’RE A MICROLENDER. BUT WHEN YOU LOOK AT THEIR LOAN
PRODUCTS, AND OUR LOAN PRODUCTS, THE KINDS OF THINGS WE DO TO
UNDERWRITE A LOAN OR FACTORS THAT WE TAKE INTO CONSIDERATION
ARE VERY SIMILAR. I THINK ONE OF THE ISSUES THAT
WE NEED TO DISCUSS, AND IT’S CALLED OUT IN HERE, IS PROCESS,
HOW MANY, YOU KNOW, EITHER REAL OR PERCEIVED BARRIERS ARE THERE.
SO I THINK WE’RE VERY OPEN TO LOOKING AT OUR PROCESS, AT OUR
TERMS, AT THE SUITE OF PRODUCTS THAT WE HAVE TO TRY TO MAKE
OURSELVES AS OPEN AND ACCESSIBLE AS POSSIBLE.
AND I FURTHER THINK THAT WE’RE ALSO WILLING TO LOOK AT WHAT IS
THE BEST WAY TO GET OUR MONEY, OUR LOAN MONEY OUT THE DOOR?
AND THAT MAY OR MAY NOT INCLUDE WORKING WITH PARTNERS TO GET THE
MONEY OUT THE DOOR. THAT’S LIKE A MAJOR
IMPLEMENTATION DETAIL THAT I THINK IS KIND OF LIKE A NEXT
STEP THAT WE NEED TO UNDERTAKE.>>I JUST WANT TO THANK YOU FOR
THE UPDATE. NO DECISIONS ARE BEING MADE
TODAY. THE PURPOSE WAS FOR UPDATE AND I
APPRECIATE ALL THE HARD WORK THUS FAR.
I WOULD LIKE TO HAVE MAYBE KIMBERLY, A PART TWO AND A PART
3 TO HEAR FROM YOU ALL ON THE PROGRESS.
BECAUSE WHAT I HAVE NOTED AND OBSERVED IN THE PAST THAT YOU
ALL HAVE BEEN TREMENDOUSLY OPEN TO FEEDBACK AND HAVE WORKED
REALLY HARD TO INTEGRATE IT. I WAS A LITTLE BIT CONFUSED
BECAUSE SOME OF THE FOLKS WHO ARE PART OF THE ADVISORY
COMMITTEE HAVE HELPED TO CONSTRUCT THE PLAN.
AND I DON’T KNOW THAT THAT WAS NECESSARILY CLEAR TODAY.
SO IT MIGHT BE IMPORTANT TO KIND OF, IF YOU ARE NOT GIVING NAMES,
AT LEAST LIST THE COMMUNITY PARTNERS THAT HAVE PARTICIPATED
IN THE CONSTRUCTION OF THIS PLAN.
BECAUSE I THINK THAT YOU TRIED TO APPRECIATE THE WIDTH, DEPTH,
AND BREADTH OF THE DIFFERENCES AND PEOPLE SORT OF DESIRE.
THAT MIGHT BE SUPER HELPFUL. AND ALSO AS YOU HAVE BROKEN DOWN
HERE YOUR PROPOSED FIVE-YEAR ALLOCATIONS AND ESTIMATES AND
HOW MANY PEOPLE WOULD BENEFIT FROM THAT.
SO YOU HAVE GOT 54 PROPERTY OWNERSHIP AND REDEVELOPMENT AND
SO FORTH AND SO ON. IF WE WERE, I DON’T KNOW WHAT
YOUR THOUGHT WAS ABOUT THAT. BUT IT MIGHT BE IMPORTANT TO
JUST ALSO BREAK DOWN WHAT YOU WERE THINKING IF WE ARE JUST
GOING TO GIVE PEOPLE LIKE FOR INSTANCE $292,000 TO THOSE 50
PEOPLE THAT WOULD BE UNDER THE PROPERTY OWNERSHIP, IT MIGHT BE
IMPORTANT FOR US TO SPEND A LITTLE BIT MORE TIME AND NOT
RUSH YOU ALL THROUGH THE PROCESS OF REALLY BREAKING THIS DOWN.
BECAUSE YOU HAVE SPENT A LOT OF TIME.
IT IS A SENSITIVE ISSUE. AND I WANT TO MAKE STHAWR WE
UNDERSTAND IT ALL. I APPRECIATE THE UPDATE AND WANT
TO BE CLEAR NO DECISIONS ARE BEING MADE TODAY.
THCHES SIMPLY FOR BIDIRECTIONAL EXCHAIN FOR US TO LEARN MORE
ABOUT WHAT YOU ARE DOING, FOR THE PUBLIC TO HEAR AND ANOTHER
OPPORTUNITY TO ENGAGE AS WE MOVE FORWARD.
I JUST WANT TO SAY THANK YOU.>>YOU’RE WELCOME.
>>HAPPY TO SHARE THAT. WE DO HAVE ALL OF THOSE DETAILS
AND WE CAN DIG INTO THEM AND SHARE WHAT WE HAVE.
>>IT WOULD BE NICE TO SPEND SOME TIME DOING THAT HERE.
>>SURE.>>YES.
THANK YOU. I WENT TO THE FIRST MEETING AND I, YOU KNOW, I APPLIED EVERYBODY PARTICIPATED AS WELL AS KIMBERLY
AND HER ACKNOWLEDGMENT OF SOME OF THE PAST SINS OF PDC.
AND WHAT I THOUGHT WAS A REALLY FORTH RIGHT WAY.
AND I THINK PROBABLY THE FIRST TIME THAT MAYBE PDC HAS DONE
THAT THAT WAY. SO I THINK THAT’S WONDERFUL.
I WISH THERE WAS SO MUCH MORE MONEY AVAILABLE.
WE ARE DEALT THE CARDS THAT WE HAVE.
AND $32 MILLION IN THE END EVEN THOUGH SOMEBODY WROTE US
INDIVIDUALRY THE CHECK WOULD BE A LOT OF MONEY,rd 32 MILLION
IS REALLY, IT’S NOT GOING TO DO WHAT I THINK WE WOULD ALL LIKE
TO SEE IT DO IN THE END. WE HAVE TO DEPLOY IT THE BEST
POSSIBLE WAY AFTER ALL THESE LESSONS LEARNED, THAT WE HAVE
LEARNED OVER ALL THESE YEARS. THANK YOU.
>>THANK YOU.>>OUR NEXT
ITEM, REPORT 16-57, RESOLUTION 7216, AUTHORIZING THE
ACQUISITION OF 2.19 ACRES FROM THE OREGON DEPARTMENT
OF TRANSPORTATION. GERALDINE, YOU ARE UP.>>I AM JAREN DEAN MOYLE.
I I AM HERE TODAY TO DISCUSS BOARD
AUTHORIZATION TO ACQUIRE AND LEASE THE PROPERTY MORE COMMONLY
KNOWN AS THE ODOT BLOCKS IN THE CENTRAL EAST SIDE URBAN RENEWAL
AREA. YOU CAN SEE THE RESOLUTION ON
THIS SLIDE. THE ACQUISITION HAS LONG BEEN A
GOAL FOR THE PORTLAND DEVELOPMENT COMMISSION, THE
CITY, THE REGION, AND THE STATE. PORTLAND CENTRAL EASTSIDE HAS SEEN THE AREA DISVERSE FI AND WE
HAVE BEEN MAIN MAINTAINING ITS
INDUSTRIAL FUNCTION. TODAY THE AREA IS HOME TO MORE THAN 1 THOUSAND ,100
BUSINESSE S.
MORE THAN ANY OTHER DISTRICT IN THE CENTRAL CITY OUTSIDE OF THE
DOWNTOWN CORE AND MANY OF THOSE JOBS ARE IN FAMILY WAGE
OCCUPATIONS. THE CITY’S GOAL FOR THE DISTRICT
IS TO INCREASE THE NUMBER OF JOBS PER ACRE AND NEW INDUSTRIAL
TYPES IN PORTLAND’S CENTRAL EASTSIDE WHILE PREVINING USES.
THE DEVELOPMENT OF THE ODOT BLOCKS IS REACHING THESE GOALS
BY INCREASING JOB DENSITY WITHIN THE CENTRAL EASTSIDE
PARTICULARLY GIVEN THE SITES OF RECENT REGIONAL STREETCAR AND
LIGHT RAIL TRANSCRIPT INVESTMENTS.
ADDING TO THE CITY’S COMMERCIAL AND INDUSTRIAL SPACE BASED ON
2035 GROWTH PROJECTIONS AND INCLUDING AND APPROPRIATE TO
ENSURE AFFORDABLE HOUSING ARE AFFORDABLE SPACE.
AND BROADER BUSINESS DEVELOPMENT IN AN AREA THAT HAS SIGNIFICANT
EMPLOYMENT GROWTH AND HAS A CONSTRAINED PARKING SUPPLY.
IT HAS TAKEN MANY YEARS TO GET HERE.
WE WOULD LIKE TO THANK THE OREGON DEPARTMENT
OF TRANSPORTATION FOR THEIR PARTNERSHIP IN MAKING THE ODOT
BLOCKS AVAILABLE FOR REDEVELOPMENT.
BOBBY LEE, TED MILLER, AND TAMARA PATRICK FROM ODOT ARE
HERE TODAY AND WOULD LIKE TO ACKNOWLEDGE THEIR EFFORTS IN
REACHING THIS MILESTONE. THE REDEVELOPMENT OF THE ODOT
BLOCKS WITH INDUSTRIAL AND EMPLOYMENT OPPORTUNITIES HAS
ALSO BEEN A LONG TIME GOAL OF THE CENTRAL EASTSIDE INDUSTRIAL
COUNCIL. WE WOULD LIKE TO THANK THE CEIC
FOR THEIR PARTNERSHIP WITH PDC FOR MANY YEARS TO GET TO THIS
POINT AND WE LOOK FORWARD TO CONTINUING THAT
PARTNERSHIP PARTNERSHIP AS
WE INITIATE THE PUBLIC OUTREACH AND DEVELOPMENT WORK OH FOR THE
REDEVELOPS. JULIANA KAY SICK, THE EXECUTIVE
DIRECTOR, IS HERE TO TESTIFY ON BEHALF OF THE CENTRAL EASTSIDE
INDUSTRIAL COUNCIL. AS I SAID, THE ACQUISITION OF
THESE PARCELS HAS TAKEN MANY YEARS AND WE WOULD LOOK TO ALSO
ACKNOWLEDGE THE EXPANSIVE TEAM OF PDC STAFF, BOTH PAST AND
PRESENT, THAT HAVE WORKED IN VARIOUS ROLES AND TASKS TO GET
US HERE. SO THIS SLIDE HIGHLIGHTS BOTH
THE PURCHASE AND LEASE PORNOGRAPHIES OF THE PARTICLE
SELLS THAT ARE BEFORE YOU TODAY. AS YOU CAN SEE THE PARCELS FRONT
ON SE WATER AVENUE IN THE CENTRAL EASTSIDE AND CONSIST OF
THREE BLOCKS IN BETWEEN MADISON AND TAYLOR STREETS.
THE INTERSTATE 5 FREEWAY IS OVERHEAD ON THE PROPERTY’S
WESTERN BOUNDARY WITH THE EAST BANK ESPLANADE AND THE
WILLAMETTE RIVER DIRECTLY WEST OF THE FREEWAY.
THE PARCELS COULD BE DESCRIBED AS THE WESTERN PORTION OF EACH
BLOCK AND HIGHLIGHTED AS HATCHED IN THIS GRAPHIC.
THERE ARE THREE PARCELS THAT EQUATE TO 2.1 ACRES OF PROPERTY.
THE PURCHASE PARCELS ARE BEST DESCRIBED AS THE EASTERN PORTION
OF EACH BLOCK AND ARE HIGHLIGHTED IN YELLOW IN THIS
GRAPHIC. THERE ARE THREE PARCELS THAT IN
TOTAL EQUATE TO AROUND 2.19 ACRES OF PROPERTY.
THE PURCHASE PARCELS WERE RELEASED BY ODOT FORKING
FOR ACQUISITION
THROUGH THE PURCHASE PLUS PROPERTY PROCESS.
PDC RESPONDED ON BEHALF THE CITY AS INTERESTED IN THIS
ACQUISITION. THE BID PRICE OR MORE COMMONLY
KNOWN AS THE PURCHASE PRICE IS THE FAIR MARKET VALUE APPRAISED
VALUE OF $2.8 MILLION. PER ODOT THE PROPERTY PROCESS
THE PROPERTY WILL BE CONVEYED THROUGH ODOT STANDARD BARGAIN
AND STALE DEED AND THE PURCHASE IS AS IS.
GIVEN THE PUBLIC ENTITY TO PUBLIC ENTITY CONVEYANCE ODOT
HAS AGREED TO BUENA WAIVE THE Y
OU ARENESS MONEY DEPOSIT.
THE LEASE PARCELS ARE HIGHLIGHTED ON THIS SLIDE IN
PURPLE. THESE PARCELS CANNOT BE
PURCHASED DUE TO ODOT’S NEED FOR ACCESS TO THE INTERSTATE 5
FREEWAY AS WELL AS POTENTIAL LONG-TERM ODOT PLANS THAT MAY OR
MAY NOT NEED THOSE PROPERTIES IN THE FUTURE.
ODOT HAS HISTORICALLY OFFERED MONTH TO MONTH LEASES ON THESE
PARCELS FOR SURFACE USES THAT DO NOT INCLUDE PERMANENT
STRUCTURES. GIVEN THE LONG-TERM
REDEVELOPMENT GOALS FOR THE BLOCKS, PDC AND ODOT HAVE
NEGOTIATED LONGER LEASE TERMS THAT WILL PROVIDE OPPORTUNITY
FOR SURFACE PARKING BOTH INTERIM AND LONG-TERM, ON THE LEASED
AREAS WHERE PERMANENT STRUCTURES ARE NOT ALLOWED.
THE TERM FOR THESE LEASES ARE 20 YEARS PER EACH LEASE WITH TWO
OPTIONS TO EXTEND FOR 10 YEARS EACH.
THE RENT IS $1.74 PER SQUARE FOOT PER YEAR WHICH EQUATES TO A
TOTAL MOLLIES OF APPROXIMATELY $13,800 PER NO.
PDC INTENDS TO PAY THE RATE FROM REVENUE FROM PARKING USES ON
THESE LEASED PARCELS AND BASED ON CURRENT PARKING RATES, AND
OTHER PDC OPERATSSED LOTS SUCH AS THE EIGHT JAY SENT FESTIVAL
LOTS, IN AN OCCUPANCY RATE OF 65% PER MOLE PARKERS, THE
REVENUE PROJECTED IS APPROXIMATELY $18,000 WHICH
SHOULD MORE THAN COVER THE LEASE PAYMENT.
TO MANAGE RISK RELATED TO PARKING RATES AND OCCUPANCY THE
TERMINATION CLAUSE FOR PDC FOR THESE LEASES ALLOWS PDC TO TEMP
NATURE WITHIN 30 DAYS, WITH 30 DAYS’ NOTICE.
ODOT’S TERMINATION TIME LINE IS STILL BEING NEGOTIATED.
EXHIBIT B OF THE RESOLUTION AND THE REPORT HAVE BEEN UPDATED TO
REFLECT THIS. GIVEN THE 20-YEAR TERM FOR THE
LEASE, AND PDC’S INTENTIONS TO MAKE SURFACE PARKING
IMPROVEMENTS ON THE LEASE PARCELS, OUR GOAL IS TO HAVE AS
MUCH NOTICE AS POSSIBLE IF ODOT NEEDS TO TERMINATE THE LEASE.
ODOT HAS INDICATED THAT THE TERMINATION OF THE LEASE IS
UNLIKELY UNLESS FOR THE INITIATION OF LONG-TERM FUTURE
FREEWAY EXPANSION PLANS OR AN UNEXPECTED NEED BUT THEY CANNOT
AT THIS TIME COMMIT TO AN EXTENDED NOTICE PERIOD.
WE ARE WORKING WITH ODOT STAFF TO REACH AGREEMENT ON TERMS THAT
MEET BOTH PDC’S DESIRE FOR EXTENDED NOTICE AND ODOT’S NEED
FOR ACCESS TO AND UTILIZATION OF THEIR PROPERTY.
STAFF AT BOTH PDC AND ODOT BELIEVE WE CAN REACH AGREEMENT
ON TERMS THAT SUIT ALL NEEDS. WITH THE BOARD’S AUTHORIZATION 2
PROCEED TODAY, PDC AND ODOT CAN COMPLETE THE REMAINING STEPS OF
ODOT’S SURPLUS PROPERTY PROCESS WITH THE OBJECTIVE TO CLOSE ON
THING THE ACQUISITION AND FORMALIZE
THE LEASE TERMS BY THE END OF 2016.
PDC STAFF WILL SPEND NEXT WINTER AND SPRING COMPLETING PUBLIC
OUTREACH REGARDING THE PROGRAMMING, PHASING GOALS FOR
THE THREE BLOCKS, THE DESIRE TO PROVIDE AFFORDABLE
AFFORDABL E SPACE THROUGH
LEASING OPPORTUNITIES THROUGH THE DEVELOPMENT OF THESE
PROPERTIES AND THE EVALUATION OF PROVIDING DISTRICT PARKING, LONG
AND NEED IN THE DISTRICT ON ONE OF THE ODOT PURCHASED PARCELS.
THE SITE IS OF GREAT INTEREST INTEREST TO NOT ONLY PDC AND THE
CENTRAL EASTSIDE BUT ALSO THE CITY AND THE REGION.
I HAVE SHOWN IN THE IMAGES ON THIS SLIDE THAT REFLECT TWO OF
MANY DESIGN STUDIES, BOTH SOLICITED AND UNSOLICITED THAT
HAVE BEEN COMPLETED FOR THE SITE WE ANTICIPATE ISSUING A REQUEST
FOR A DWOCT PRTARY WITH AGREEMENTS FOR KISS POSITION AND
DEVELOPMENT OF EACH PARCEL IN PLACE IN 2018 AND WITH A GOAL OF
PHASE ONE CONSTRUCTION STARTING IN THE FALL OF 2018.
AND SO IN CLOSING THE AUTHORIZATION TO PROCEED WITH
THE PURCHASE AND LESION OF THESE PARCELS IS THE CURRENT STEP IN A
LONG PROCESS TOWARDS REACHING THE REDEVELOPMENT GOALS FOR
THESE PROPERTIES. BOTH THE STEPS THAT ARE
PROCEEDED AND THOSE THAT WILL OCCUR IN THE FUTURE.
WE ARE NOW OPEN FOR QUESTIONS AND I NOTE THAT STEVE BLANK, THE
REAL ESTATE COORDINATOR IS ALSO HERE IN THE AUDIENCE AND IS
AVAILABLE TO ANSWER ANY QUESTIONS THE BOARD MIGHT HAVE
IN REGARDS TO THE LEASING OF PROPERTIES, PDC ENMANAGEMENT OF
PAST AND CURRENT LEASES AND/OR PARKING LOTS. WE ALSO HAVE JULIEANNA FROM CDIC
HERE AS WELL.>>QUESTIONS?
>>I WOULD SAY CONGRATULATIONS I KNOW THIS HAS BEEN A LONG TIME
PROJECT.>>THANK YOU.
>>LIKEWISE. CONGRATULATIONS.
JUST TWO COMMENTS. ONE IS ALSO, WHEN WE GET TO THE
DISPOSITION PHASE, SELECTING A PARTNER I WOULD REALLY LIKE TO
SEE US VERY EXPLICITLY BALANCE THE MISSION, RECOGNIZE WHAT THAT
MISSION IS, EXTENT WE HAVE IT. AND ALSO FINANCIAL RETURNS,
ESPECIALLY WITH OUR LONG-TERM SUSTAINABILITY OBJECTIVES,
FINANCIALLY AS AN ORGANIZATION. I THINK THIS IS A KEY PARCEL FOR
THAT. AND AGAIN THANK YOU VERY MUCH.
>>THANK YOU.>>COMMISSIONERS.
>>IF WE COULD HAVE JULIEANNA LIEU KAY SICK COME UP AND SAY A
FEW WORDS AND TAKE A VOTE.>>HELLO.
HOW IS EVERYBODY? THANK YOU FOR HAVING ME TODAY.
IN THE SPIRIT OF BEING CONCISE AS WE GET LATE INTO THE EVENING,
I WROTE SOME THINGS DOWN.
I AM HAVE BEEN ON THE BOARD OF THE CENTRAL EASTSIDE INDUSTRIAL
COUNCIL. I AM JULIE
LUCASIC ON THE NAME. IT’S NOT THE EASIEST NAME.
I HAVE BEEN ON THE BOARD OF THE CENTRAL EASTSIDE SINCE 2002. I AM A PAST PRESIDENT OF THE
CEIC. I HAVE ALSO PARTICIPATED IN THE
STAKEHOLDERS ADVISORY COMMITTEE FOR THE COUCH CULP PROJECT AS
WELL AS THE PARKING TRANSITION SIC.
AND I WAS AS PRESIDENT A PART OF ESTABLISHING THE TRANSPORTATION
PARKING ADVISORY COMMITTEE, WHICH IS CURRENTLY IN PLAY IN
THE DISTRICT. THE POINT OF ALL OF THIS IS THAT
I KNOW THE DISTRICT EXTREMELY WELL.
I AM A PROPERTY OWNER AND A SMALL BUSINESS OWNER AS WELL.
SO I SPEAK FROM EXPERIENCE. I AM NOW CURRENTLY THE INTERIM
EXECUTIVE DIRECTOR. SO THE CEIC HAS DESIRED AND
WORKED FOR THE REDEVELOPMENT OF THE ODOT BLOCKS FOR AS LONG AS I
HAVE BEEN ON THE BOARD. AND WE GREATLY APPRECIATE ODOT
AND THE CITY FOR THE EFFORT, THE CITY’S EFFORTS FOR MOVING THIS
PROJECT FORWARD. REDEVELOPING THESE BLOCKS WILL
ADD TO THE SUPPLY OF INDUSTRIAL AND EMPLOYMENT SPACE IN THE
DISTRICT AND WE WOULD LIKE TO SEE ATTENTION PAID TOWARDS
AFFORDABLE INDUSTRIAL SPACE AS WELL AS ANED A HERE REENS TO
ZONING CODES, AS THE CITY HAS JUST RECENTLY CREATED AN
INDUSTRIAL OFFICE OVERLAY, WE ARE EXTREMELY INTERESTED IN
MAKING SURE THAT THAT CODE IS A PART OF THIS PLANNING PROCESS.
WE FEEL STRONGLY THAT WHATEVER DEVELOPMENT OCCURS WILL NEED TO
HONOR BOTH THE HISTORY OF THE DISTRICT’S INDUSTRIAL NATURE AS WELL AS THE FUTURE THAT IS VERY
DPIET EXCITING TO US RIGHT NOW. DESIGN AND PROGRAMMING NEEDS TO
BE A HIGH PRIORITY AS YOU CHOOSE THE DEVELOPMENT PARTNER.
WE WOULD LIKE YOU TO MAXIMIZE THE DEVELOPABLE PROPERTY ON THE
SITE. WHILE PROVIDING OPPORTUNITIES
FOR SIDEWALKS AND GROUND FLOOR USES THAT WILL BE CHANCE THE VIBRANCY OF OUR 24/7 DISTRICT.
A PARKING PLAN THAT ACTS AS AN INTEGRATED PART OF THE PROJECT
IS IMPORTANT. STRUCTURED PARKING IS CRITICAL.
UTILIZING THE SURFACE SPACES ON THE WEST SIDE OF THE BLOCKS
WHICH CANNOT BE DEVELOPED IS AN ABSOLUTE MUST.
WE KNOW THAT THE DISTRICT’S PARKING PROBLEMS ARE GROWING
EVERY DAY. WE HAVE DEVELOPMENT, I DON’T
KNOW HOW RECENTLY, IF YOU WALK, GET OVER TO THE DISTRICT,
THERE’S A NEW BUILDING ALMOST EVERY WEEK.
IT’S AMAZING. WHICH IS ONLY GOING TO CONTINUE
THE PARKING CHALLENGES THAT WE HAVE.
SO THE SURFACE PARKING IS A CRITICAL PART OF THIS PROCESS.
IT GOES WITHOUT SAYING THAT DEVELOPMENT SHOULD BE ANCHORED
BY BUSINESSES THAT REMAIN ON OUR TAX ROLLS.
AND LOOKING NATIONALLY OR INTERNATIONALLY FOR A WHAT YOU
ARE OPPORTUNITY THAT FITS WITHIN OUR INDUSTRIAL FABRIC IS
STRONGLY ENCOURAGED. WE SEE THIS SITE AS A SYMBOL FOR
THE FUTURE OF THE ENTIRE DISTRICT AND WOULD LIKE TO WORK
CLOSELY WITH THE CITY AS WE MOVE FORWARD.
THANK YOU ALL FOR LISTENING TO ME TODAY AND THANK YOU TO THE
PDC FOR MAKING THIS PROJECT GO FORWARD.
>>THANK YOU. ANY OTHER QUESTIONS?
>>WHEN YOU TALK ABOUT DEVELOP IT TO ITS FULL LEAST CAPACITY, I
THINK A TERM LIKE THAT, I ASSUME YOU MEAN AS DENSE AS POSSIBLE
UNDER CURRENT NEW ZONING THAT WILL BE IN PLACE?
>>I AM GLAD YOU ASKED THAT. I THINK OF DENSITY AND
CREATIVELY, YOU HAVE TWO DEAD-END STREETS YOU COULD
VACATE AND PUT, USE AS ACCESS INTO PARKING STRUCTURE, CREATING
MORE DEVELOPABLE SPACE OVER THE TOP.
SO ITEMS LIKE THAT I WOULD LIKE TO BE A PART OF THE PLAN.
AND I AM SURE I REPRESENT THE BOARD ON THAT.
IT’S MUCH DEVELOPABLE, CAN’T SAY THAT WORD TODAY, SPACE AS
POSSIBLE IS VERY, VERY IMPORTANT TO US.
>>THANK YOU. CHAIR ACCEPT A MOTION?
>>SO MOVED.>>SECOND.
>>WE HAVE A MOTION AND A SECOND.
ALL THOSE IN FAVOR SIG ANY MY BY SAYING AYE.
[CHORUS OF AYES] AYES HAVE IT.
MOTION CARRIES.>>THANK YOU.>>AND THANKS TO THE OREGON
DEPARTMENT OF TRANSPORTATION.>>YES.>>APPROVING AMENDED TERMS OF
COMMERCIAL PROPERTY REDEVELOPMENT LOAN TO WGP
APARTMENTS FOR REDEVELOPMENT OF A CERTAIN PROPERTY IN THE LENTS
TOWN CENTER.>>GOOD EVENING, CHAIR KELLY,
COMMISSIONERS, EXECUTIVE DIRECTOR BRANAM.
MY NAME IS LAILA. I AM A PROJECT MANAGER IN THE
DEVELOPMENT IN INVESTMENT DEPARTMENT HERE AT PDC.
TODAY WE ARE GOING TO, AND I AM GOING BY LAURA AL SENNA,
BUSINESS FINANCE OFFICER HERE AT PDC AS WELL.
WE ARE BRINGING TODAY ASK FOR
YOUR APPROVAL ON AMENDED TERMS ON A COMMERCIAL PROPERTY
REDEVELOPMENT LOAN TO WGP APARTMENTS LLC.
I AM GOING TO WALK THROUGH A LITTLE BIT OF WHERE WE ARE WITH
THE LENTS TOWN CENTER AND HOW THIS PROJECT FITS INTO THE
OVERALL VISION AND THEN LAURA WILL GO THROUGH THE DETAILS IN
TERMS OF THE LOAN AND THE CHANGES TO THAT.
AS MANY OF YOU ARE AWARE THE LENTS ACTION PLAN REALLY CALLED OUT 92nd AND FOSTER AS A
KILOCASE FOR CREATING A MAIN STREET.
IT’S BEEN THE FOCUS FOR THE PORTLAND DEVELOPMENT COMMISSION
AND THE COMMUNITY AS WELL AS IN TERMS OF INVESTING AND
LEVERAGING THE PROPERTIES THAT ARE IN THIS AREA.
THE FIRST EFFORT OF THIS WAS THE DEVELOP OF THE BREWING COMPANY.
AND WE HAVE NOW BROKEN GROUND ON OUR FIRST PROJECT IN LENTS.
9101 FOREST IS UNDER CONSTRUCTION.
MANY OF YOU WERE ABLE TO JOIN US IN OUR GROUND BREAKING A COUPLE
OF WEEKS AGO. IT WAS A LITTLE UNCONVENTIONAL.
WE HAD A GREAT TIME. THERE WERE OAMP 100 PEOPLE FROM
THE COMMUNITY THERE. I THINK IT WAS A REAL
CELEBRATION OF A VERY SEMINAL MOMENT FOR LENTS AT THE
BEGINNING OF A MAJOR TRANSFORMATION.
OF WHICH TODAY’S ACTION IS PART OF THAT.
JUST TO GIVE YOU A SENSE OF WHERE THINGS STAND AND WHERE WE
ARE IN TERMS OF THE PHASE ONE PROJECTS, I CAN MENTION NONE01
FOSTER IS UNDER CONSTRUCTION. OLIVER STATION WE ARE EXPECTING
IN DECEMBER A GROUND BREAKING. I WAS AT COUNCIL THIS MORNING
AND THEY APPROVED THE PORTLAND HOUSING BUREAU’S BUREAU’S
CON TRIBUTION TO
THAT PROJECT. SO THAT’S A VERY EXCITING STEP
AS WELL AND A MILESTONE AS WELL. SO WE EXPECT THAT TO HAPPEN IN
DECEMBER SO LOOK FORWARD TO AND INVITE TO THAT GROUND BREAKING.
IN ADDITION, AND TODAY’S FOCUS IS THE WGP APARTMENTS.
THIS IS EXPECTED TO BREAK GROUND PROBABLY EARLY SPRING OF NEXT
YEAR. AND THEN WE ALSO HAVE THE ASIAN
HEALTH AND SERVICE CENTER. ALL OF THESE FOUR PROJECTS
COMBINED REALLY REPRESENT OUR STRATEGY, THE STRATEGY OF THE
LENTS ACTION PLAN TO PROVIDE DIVERSIFIED HOUSING OPTIONS.
THERE’S A REAL MIXED OK LOOK AT THIS AS WELL AS RETAIL AND
OFFICE. THIS IS WHAT WE REFER TO AS OUR
PHASE ONE APPROACH TO THE LENTS TOWN CENTER.
AND JUST TO NOTE YOU RECENTLY ACTED ON THE SALE OF THE 93rd
AND WOODSTOCK. THAT WAS A MARKET RATE SALE.
WENT TO LYSIC BROTHERS CONSTRUCTION AND WE EXPECT
CONSTRUCTION IN SPRING OR SUMMER AND THAT INCLUDES SOME GROUND
FLOOR RETAIL AND HOUSING AS WELL WELL.
IN ADDITION WE STILL HAVE TWO PRETTY KEY PROPERTIES IN THIS
AREA. 92nd AND HAROLD AND THE
ARCHITECTURE ARL IRON PRODUCTS. THESE PROJECTS ARE IN THE
BEGINNING PHASES OF COMMUNITY OUTREACH, CONCEPTUAL DESIGN AS
WE START TO THINK ABOUT WHAT DO WE WANT TO GET OUT OF THESE
PROPERTIES? SO THAT PHASE TWO IS THE PROCESS
THAT’S JUST BEGINNING NOW. JUST TO GIVE YOU A SENSE OF
WHERE THINGS ARE, THE UPPER TIME LINE UP HERE REALLY REPRESENTS
THREE OF THE FOUR DEVELOPMENT PROJECTS.
THE FOURTH BEING WHAT WE ARE ABOUT TO DISCUSS TODAY WHICH IS
WGP APARTMENTS. THE PROJECTS WERE SELECTED IN
THE SPRING OF 2015. YOU FIRST ACTED ON THE APPROVAL
OF THE PREDEFENSE ROANS, THE DDA LOANS AND PERMANENT LOANS IN
JUNE OF TWAIN. WE CAME BACK TO YOU IN FEBRUARY OF 2016 TO SEEK INCREASES ON ALL
THREE OF THOSE PROJECTS. AND IN FOLLOW OF 2016, WE, YOU
APPROVED THE FORMATION OF THE 9101 LLC AND ITS FUNDING AND THE
CONSTRUCTION BEGAN. WE EXPECT THOSE PROJECTS TO BE
COMPLETED EARLY NEXT YEAR. EARLY 2018.
WGP APARTMENTS IS ON A LITTLE BIT DIFFERENT TRACK IN TERMS OF
TIME LINE. THE INITIAL LOAN APPROVAL WAS
DONE IN NOVEMBER OF 2015. AND TODAY WE ARE ASKING FOR YOUR
CONSIDERATION ON AN INCREASE IN THIS LOAN.
AND WE EXPECT AGAIN CONSTRUCTION TO BEGIN SOMETIME HE REMEMBER
2016. JUST TO GIVE YOU A SENSE OF THE
BUDGET IMPACTS, OUR INITIAL ESTIMATE OF INVESTMENT IN ALL
FOUR OF THESE PROJECTS WAS ORIGINALLY AROUND $20 MILLION.
AGAIN WITH THE INCREASES THAT WERE REQUIRED FOR THE PROJECTS
AS WELL AS PDC TAKING OVER THE 9101 PROJECT AND FULL LIE
FINANCING THAT, THE BUDGET IMPACT IS ABOUT $37 MILLION.
AND SO THAT’S WHERE THE PROJECT STANDS NOW.
AND WITH THAT, I WILL HAND IT OVER TO LAURA WHO WILL TALK YOU
THROUGH THE PROJECT AS WELL AS THE LOAN TERMS THAT WE ARE
SEEKING APPROVAL FOR TODAY.>>GOOD AFTERNOON.
AGAIN, LAWYER AL SENNA, A LOAN OFFICER HERE AT PDC.
AS LAY RAE MENTIONED THE BOARD APPROVED THE PREDEV LOAN IN
NOVEMBER. SINCE THAT TIME ROSE CDC TEAM
HAS ROLLED UP ITS SLEEVES, CREATED A SPECIAL PURPOSE ENTITY
FOR THE PROJECT, WHICH IS THE WGP APARTMENTS LLC THAT YOU SEE.
AND HAS PROGRESSED SUBSTANTIALLY ON THE DUE DILL JESS, THE
DESIGN, AND THE UNDERWRITING WITH OTHER FUNDING SOURCES.
YOU CAN SEE REASON ARINGS HERE EVER THE CURRENT DESIGN.
SOME CHANGES DUE TO SET BACK AND OTHER DESIGN REQUIREMENTS.
THE CONFIGURATION HAS CHANGED. AND THE NUMBER OF RENTAL UNITS
WAS REDUCED FROM 68 TO 64. THE OTHER PROGRAM HAS NOT
CHANGED AND INCLUDES A MIX OF ONE, TWO, AND THREE BEDROOMS.
SOME COMMUNITY AND AMENITY SPACE AND ON CITED PARKING. ALSO THIS PROJECT IS ENTIRELY
INCOME-RESTRICTED. IT MEETS A DIFFERENT HOUSING
AFFORDABILITY NEED THAN THE OTHER PROJECTS WE ARE BRINGING
FORWARD IN THE LENTS TOWN CENTER.
MOST OF THOSE ARE AT AT A 60% MEDIAN FAMILY INCOME LEVEL AND
ALONG WITH SOME MARKET RATE APARTMENTS.
THIS PROJECT HAS AFFORDABLE UNITS AT 30% WHICH IS DEEPER BUT
THE CASH FLOWS FROM THOSE PROJECTS, THOSE UNITS TO THE
PROJECT ARE SUPPORTED BY THE PROJECT BASED SECTION 8 VOUCHERS
WHICH WERE AWARDED TO THE PROJECT AND WERE REQUIRED BY PDC
TO SUPPORT THE PROJECT FEASIBILITY.
AND SO THEY ALSO, THIS PROJECT ALSO HAS WORK FORCE HOUSING
UNITS. WHAT WE ARE TERMING WORK FOURS HOUSING AT 80% AND 100% MFI.
NOTE THAT RENTS IN THE AREA ARE CURRENTLY AROUND 70%, HOVERING
AROUND 70% SO THIS WOULD SERVE TO PRESERVE HOUSING OPTIONS FOR
SOME FOLKS WHO WOULDN’T NECESSARILY QUALIFY FOR THE 60%
MFI AS RENTS INCREASE IN THE AREA. SO HERE YOU SEE THE SOURCES, THE
DEVELOPMENT BUDGET USES AND THE SOURCES.
THAT YOU CONSIDERED IN NOVEMBER 2015, AND CURRENTLY.
ON THE USE SIZED LARGEST INCREASE AS EXPECTED WERE THE
CONSTRUCTION COSTS. BUT OVERALL THE USES INCREASED
ABOUT 4.2 MILLION DOLLARS. YOU WILL NOTE THAT AS IN LINE
WITH THE BOARD’S DIRECTION WITH THE OTHER PROJECT INCREASES, WE
HAVE HELD THE DEVELOPER FEE STATIC ON THIS PROJECT AS WELL.
AND THEN ON THE SOURCES SIDE, I JUST POINT OUT THAT THE
DEVELOPMENT TEAM HAS BEEN ABLE TO INCREASE THE SENIOR LOAN
AMOUNT DUE THROUGH FAVORABLE UNDERWRITING AND FAVORABLE
PRICING AND HAS ALSO BEEN DILIGENT IN SOURCING ADDITIONAL
GRANT FUNDS. OVERALL THE OTHER SOURCES HAVE
BEEN ENERGIESED ABOUT $1.3 MILLION.
AND THE REMAINING GAP IS ABOUT 2.87.
PHB HAS AGREED TO AN INCREASE IN THE FUNDING COMMITMENT FOR THEIR
AFFORDABLE UNITS ALREADY. AND THE REQUEST BEFORE YOU IS
ALMOST $2.15 MILLION ENERGIES FROM PDC FOR A COMPARABLE PRO
RATA SHARE OF THE SHORTFALL. SO AGAIN, THE ACTION BEFORE YOU
AMENDING APPROVING THE AMENDED TERMS OF THE COMMERCIAL PROPERTY
REDEVELOPMENT LOAN. AND WE WELCOME YOUR QUESTIONS
AND WE ALSO HAVE –>>MAYBE WE CAN GET NICK TO COME
UP AND MAKE SOME REMARKS. AND THEN WE WILL SEE IF THE
COMMISSIONERS HAVE ANY MORE QUESTIONS.
>>GOOD EVENING. CHAIR CULLY, COMMISSION MEMBERS,
YEAH, WE’RE REALLY EXCITED ABOUT THE WOOD GEE GUTHRIE PLACE
PROJECT. LOOKING APARTMENT THE PICTURE OF
ALL THE NEW BUILDINGS THERE AT 92nd AND FOSTER.
IT’S REALLY EXCITING. WE HAVE BEEN WORKING SINCE 1985
AND AT ROSE SINCE 1992. SO, YEAH, IT’S BEEN A LONG TIME
COMING. AND WE ARE PLEASED TO SEE THE
PROGRESS. SO I THINK THIS IMPORTANT
PROJECT FOR THE NEIGHBORHOOD. I THINK IT’S UNIQUE AND THE
MIXED INCOME, THE RESIDENTS THAT WILL LIVE THERE ARE REALLY
IMPORTANT COMPONENTS TO THE PROJECT IS, THIS IS PROVIDING
HOUSING FOR NEIGHBORHOOD FAMILIES THAT ARE PART OF OUR
BABY BOOSTER PROGRAM, WHICH IS PART OF A NATIONAL BEST BABY
ZONE INITIATIVE TO SUPPORT EARLY CHILD HEALTH AND WE KNOW THAT
HOUSING AND STABILITY IS ONE OF THE BIGGEST FACTORS
PREVENTING HEALTHY FAMILIES POAT PDC AND
PHC HAVE BEEN KEY PARTNERS GETTING US TO THIS POINT.
AND I THINK THAT IN TERMS OF THE CONSTRUCTION COST THAT YOU HAVE
GOT VERY GOOD COMPS AND THE PROJECTS UNDER CONSTRUCTION
SIMULTANEOUSLY. I THINK OUR COSTS ARE CONSISTENT
WITH WHAT YOU ARE SEEING IN THE OTHER PROJECTS.
SOME OF THE BENEFITS OF THE PROJECT I REALLY LIKE TO HIGHLIGHT ARE THE FAMILY SIZE
UNITS INCLUDING NINE THREE-BEDROOM UNITS, THE
DEEPLY AFFORDABLE 16 UNITS AT 30
PERCENT MFI INCLUDING A PARTNERSHIP WITH HOME FORWARD
THAT I THINK 12 OF THOSE THROUGH PROJECT BASED VOUCHERS THAT THEY
STEPPED FORWARD TO PROVIDE. ROSE IS REALLY COMMITTED TO
EQUITY CONTRACTING. WE WERE ABLE TO ACHIEVE 85%
UTILIZATION OF MWE SBE FIRMS FOR THE PROFESSIONAL SERVICES ON THE
PROJECT. WE HAVE GOT WALSH CONSTRUCTION
AS OUR GENERAL CONTRACTOR. I THINK WE’LL ACHIEVE
OUTSTANDING NUMBERS IN TERMS OF UTILIZATION THERE, AS WELL. SO THIS IS REALLY GREAT TIME FOR
ROSE. WE RECENTLY HEARD THAT WE WERE
AWARDED TAX CREDITS FOR OUR JADE PROJECT AT 82nd AND DIVISION.
THAT’S VERY COMPETITIVE FUNDING. WE GOT THAT AT THE FIRST TIME
AND THAT’S REALLY A CORNERSTONE PROJECT IN THE NEIGHBORHOOD
PROSPERITY INITIATIVE WHICH I KNOW IS A HIGH PRIORITY FOR PDC.
SO WE ARE GOING TO BE ADDING 112 NEW AFFORDABLE UNITS IN 2018.
WE ARE ABLE TO MOVE FORWARD WITH THIS.
THANK YOU FOR YOUR SUPPORT. HAPPY TO ANSWER ANY QUESTIONS
YOU MIGHT HAVE.>>AFTER HAVING THOSE KIDS FOR
THE DEDICATION, OR FOR THE GROUND BREAKING IN 9101 MAYBE WE
GET ARREST LOW GUTHRIE TO COME OUT FOR THE GROUND BREAKING?
>>ABSOLUTELY. IT’S REALLY, WE REACHED OUT TO
NORAH GUTHRIE, WOODY’S DAUGHTER AND SHE SAID SHE WAS DELIGHTED
TO HAVE AN AFFORDABLE AFFOR
DABLE HOUSING PROJECT NAMED FOR HER DAD.
SHE DEFINITELY WANTS TO BE KEPT INFORMED.
>>THAT’S GREAT. ANY FURTHER QUESTIONS,
COMMISSIONERS? MOTION AND A SECOND WOULD —
>>SO MOVED.>>SECOND.
>>WE HAVE A MOTION AND A SECOND.
ALL THOSE IN FAVOR SIGNIFY BY SAYING AYE.
[CHORUS OF AYES] THE AYES HAVE IT.
THANK YOU VERY MUCH. AMAZINGLY WE ARE ONLY A FEW
MINUTES BEHIND. IT’S UP TO ERIC IVERSON TO KEEP
US ON TRACK. IT’S GOING TO BE — THE FAMOUS
JILLIAN DETWILLER.>>GOOD GOOD AFTERNOON, CHAIR
AND COMMISSIONERS.
THIS PROPOSAL COMES TO YOU AS A RESULT OF CONVERSATIONS WITH
WE’VE HAD WITH THE PROPERTY OWNER ADJACENT TO THE SITE FOR
THE ASIAN HEALTH SERVICES CENTER WE WILL BRING UP A MAP HERE.
IN THE CENTER OF THE PHOTO IN THE PURPLE IS A PROPERTY THAT
WAS KNOWN AS YOU SURETY NORTHWEST.
IT’S BEEN ACQUIRED BY ACORN FOSTER LLC.
IT WAS ORIGINALLY GOING TO BE DEVELOPED IN TWO PHASES WITH THE
PROPERTY OUTLINED IN ORANGE. THE PROPERTY OUTLINED IN ORANGE
IS NOW GOING TO BE THE HOME OF THE ASIAN HEALTH SERVICES
CENTER. BUT WHEN IT WAS A TWO-PHASE
PROJECT THERE WERE COVENANTS, CONDITIONS, AND RESTRICTIONS
NEGOTIATED AND THE PROPERTY OWNER ADJACENT AKOHR FOSTER LLC
CAME TO PDC WITH CONCERNS ABOUT THE SIZE OF THE ASIAN HEALTH
SERVICES CENTER AND HIS PERCEPTION THERE WOULD BE A LOT
OF PRESSURE ON PARKING. HE WAS NOT GOING TO PROVIDE ANY
APPROVAL OF THE PROJECT. AND WHILE WE FELT HE DID NOT
HAVE ACTUALLY STANDING TO PREVENT THE PROJECT FROM GOING
FORWARD, WE WERE RESPONSIVE TO HIS CONCERNS ABOUT BEING A GOOD
NEIGHBOR AND HAVING PARKING THAT HE FELT WOULD BE HIS — MEET HIS
NEEDS. WE IDENTIFIED THE YELLOW PARCEL,
THE PROPERTY AS A PIECE OF PROPERTY THAT WAS OF NO
STRATEGIC INTEREST TO PDC. WE HAD ALREADY ACQUIRED IT TO
REMOVE A HOUSE THAT WAS DETERIORATING AND TO DEDICATE
LAND TO IMPROVE SIDEWALKS ON FOSTER.
SO THE PROPOSAL IS THAT WE WOULD TRANSFER THAT PROPERTY TO ACORN
LLC. THEY WOULD HAVE THE OPPORTUNITY
TO DEVELOP IT FOR PARKING. THEY WOULD BE RESPONSIBLE FOR
THE LAND USE APPROVALS AND FOR MAKING THE PHYSICAL IMPROVEMENTS
TO ACCOMMODATE THAT. AND IF YOU HAVE ANY QUESTIONS.
>>IT’S PRETTY STRAIGHT FORWARD. I THINK WE’RE ALL WELL INFORMED. CHAIR WOULD ACCEPT A MOTION.
>>SO MOVED.>>SECOND.
>>WE HAVE A MOTION AND A SECOND.
ALL THOSE IN FAVOR SIGNIFY BY SAYING AYE.
[CHORUS OF AYES] THE AYES HAVE IT.
MOTION CARRIES. OUR NEXT ITEM, WE ARE GOING TO,
MEETING THE FIRST OF ALL THE MEETING OF THE PORTLAND
DEVELOPMENT COMMISSION IS NOW ADJOURNED.
THE MEMBERS OF THE PORTLAND DEVELOPMENT COMMISSION WILL NOW
MEET AS THE COMMISSION’S LOCAL CONTRACT REVIEW BOARD TO
CONSIDER THE NEXT ITEM ON THE AGENDA, WHICH IS ACTION ITEM
16-60 RESOLUTION 7220.
DOCUMENTING FINDING IN SUPPORT OF AND EXEMPTING THE NELSON
SUITES 20-40-50 TENANT IMPROVEMENT PROJECT FROM LOW-BID
SOLICITATION. ELISE.
YOU ARE ON.>>I AM ELISE HENDRICKSON,
CONSTRUCTION SERVICES SERVICE
S COORDINATOR.
CHAIR KELLY, COMMISSIONERS, AND EXECUTIVE DIRECTOR BRANAM, I AM
HERE TO ASK THE LOCAL CONTRACT REVIEW BOARD TO APPROVE AN
ALTERNATIVE CONTRACTING PROJECT FOR THE NELSON SUITES 20-40-50
PROJECT AND ADOPT THE FINDINGS IN SUPPORT OF AN EXEMPTING THIS
PROJECT FROM LOW-BID SOLICITATION. ORS 279C 335 PROVIDE THE LCRB
MAY EXEMPT CERTAIN PROJECTS IF IT’S UNLIKELY SEX ERNTLE;
SHORCHL.>>>ENCOURAGE FAVORITISM IN
AWARDING THE CONTRACT OR SUBSTANTIALLY DIMINISH FOR
COMPETITION FOR THE CONTRACT AND AWARDING THE CONTRACT UNDER THE
EXEMPTION WILL RESULT IN SUBSTANTIAL COST SAVINGS TO THE
AGENCY. WE DO NOT ANTICIPATE FAVORITISM
BECAUSE THE CONTRACTOR SELECTION WILL BE BY A COMPETITIVE RFP.
WE WILL NOT USE A PREQUALIFICATION PROCESS AND THE
COMMITTEE OF PDC STAFF AND EXTERNAL REVIEWERS WILL REVIEW,
EVALUATE THE PROPOSALS. WE ANTICIPATE COST SAVINGS DUE
TO SEVERAL PROJECTS SPECIFIC FACTORS.
THE PROJECT TAKES PLACE IN EXISTING STRUCTURES WITH LIMITED
AS BUILT DOCUMENT DOCUMENTATION. IT REQUIRES MODIFICATION, AND
REQUIRES A SELECTIVE CONTRACT TORE LIMIT IMPACTS TO EXISTING
TENANTS INCLUDING NOISE, DUST, AND ACCOMMODATING TENANT
PRODUCTION SCHEDULES. THERE HAVE BEEN FOUR PREVIOUS
LOW-BID PROJECTS AT THIS SITE RANGING FROM MECHANICAL UPGRADES
TO TENANT IMPROVEMENTS TO A FIRE SAFETY UPTBRAID.
THE TOTAL CHANGE ORDER FOR THESE LOW-BID PROJECTS HAVE RANGED
FROM RANGEDFROM 12 TO 60% INC
REASE OVER THE ORIGINAL CONTRACT PRICE DUE IN
LARGE PART TO UNFORESEEN CONDITIONS AND PERMIT REQUIRED
REVISIONS. THE RFP PROCESS SCREENS
PROPOSALLERS BASED ON PREVIOUS RELATED EXPERIENCE, PROJECT
APPROACH AND COST AS OPPOSED TO COST ALONE.
A CONTRACT ESH WHO HAS DEMONSTRATED EXPERIENCE WORKING
IN OLDER BUILDINGS WITH SCHOLAR SCALE AND SCOPE MAY BE BETTER
POSITIONED TO ACCURATELY PRICE THE PRICE WITH SCHEDULE IMPACTS
AND LIKELY COST SAVINGS. AS REQUIRED PDC PUBLISHED A
14-DAY NOTICE OF INTENT TO WAIVE LOW BID CONTRACTING ON OCTOBER
21st. A PUBLIC HEARING WAS HELD
NOVEMBER 7. THERE WERE NO ATTENDEES AND NO
WRITTEN COMMENTS WERE RECEIVED. THE PROJECT SITE IS LOCATED AT
NORTH END OF THE INTERSTATE URBAN RENEWAL AREA.
THE ORANGE CIRCLE. INDICATES THE APPROXIMATE
LOCATION OF THE SITE. IN 2011, PDC PURCHASED FOUR
PARCELS ON NORTH ARGYLE STREET. THE INDUSTRIES PARCEL AND THE
ADJACENT VACANT PARCEL ON THE NORTH SIDE OF ARGYLE IN THE
UPPER LEFT-HAND CORNER AND THE PARCEL AT 8411 NORTH DENVER
REFERRED TO AS THE NELSON PROPERTY AND THE ADJACENT CORNER
PARKING LOT ON ARGYLE. THAT’S THE CIRCLE IN THE LOWER
RIGHT-HAND CORNER. LAST MONTH, STAFF BROUGHT TO THE
BOARD A LEASE AMENDMENT BETWEEN SPAR TACK AND PDC FOR THE SPAR
TACK PDC PROPOSAL. WE CELEBRATED THE COMPLETION OF
NELSON PLAZA THAT UPDATED THE CORNER PARKING LOT ADDING A
COMMUNITY COURT YARD AND FOOD CART POD.
THE PROJECT SITE AT THE NELSON PROPERTY CONSISTS OF A GROUP OF
SIX INTERCONNECTED ONE-STORY INDUSTRIAL AND OFFICE STRUCTURES
BUILT OVER SEVERAL FADESES BETWEEN 1930 AND 1990.
THE 3R0R79 CURRENTLY HAS THREE TENANTS, SALVAGE WORKS WHICH IS
A LUMBER LIQUIDATOR, A DESIGN AND PRODUCTION PRODUCTION
C OMPANY AND SPAR
TECH WHO PLANS TO RELOCATE THIS PORTION OF THEIR OPERATIONS TO
THE LEASED SPACE AT THE END OF JANUARY.
BIGGER PLANT CURRENTLY OCCUPIES SUITE 10 AND 30 ONLY THE NORTH
SIDE,N. WILLIS SIDE AND IS LOOKING TO EXPAND INTO 20, 40,
AND 50 ADDING ALMOST 9500 SQUARE FEET TO THEIR SPACE.
THEY ANTICIPATE ADDING UP TO EIGHT ADDITIONAL FULL TEE-TIME
STOOF AND 15 AND 15 PART TIME STAFF IMPENDING ON THEIR
WORKLOAD OVER THE NEXT SEVERAL YEARS.
THE PROJECT DESIGNED MY MERRYMAN BARNES ARCHITECTS HAS A
CONSTRUCTION BUDGET OF $250,000.
AT COMPLETION THE PROPERTY WILL BE YOU UNDERSTAND HAD% LEASED
FOR THE FIRST TIME SINCE PDC PURCHASED THE PROPERTY.
THE SCOPE OF WORK IN SUITE 20 INCLUDES WALL AND CEILING DEMO,
NEW WALLS, CEILING, ELECTRICAL, A NEW OPENING WILL BE CUT
BETWEEN THE WALL BETWEEN OCCUPIED SUITE 10 AND THIS
SPACE. THE SCOPE OF WORK IN SUITE 40
INCLUDES STRUCTURAL UPGRADES ASK, A LARGE FIRE RATED ROLL-UP
DOOR IN THE WALL BETWEEN OCCUPIED SUITE 30 AND THIS SPACE
AND NEW LEDEE LIGHTS FIXTURES. THE 50 INCLUDES A RAMP AND MINOR
ELECTRICAL WORK. WE PLAN TO ISSUE THE RFP BY THE
END OF THE MONTH AND START CONSTRUCTION BY MID-FEBRUARY.
CONSTRUCTION SHOULD BE COMPLETE BY MAY OF NEXT YEAR.
SO IN CONCLUSION, WE ARE ASKING THE LCRB TO ADOPT THE FINDINGS
IN SUPPORT OF AND EXEMPTING — MY LAST SLIDE — EXEMPTING
NELSON SUITE 20-40-50 TENANT IMPROVEMENTS PROJECT FROM
LOW-WID SOLICITATION. ARE THERE ANY QUESTIONS?
>>I ASSUME WE WILL DO OUTREACH TO
MBSB TIRMS?>>YES.
WE HAVE ALWAYS CONTACTED, WITH THE SCOPE OF WORK AND ASKED THEM
TO –>>EMPHASIS ON FIRMS LOCATED IN
THE DISTRICT?>>YES.
AND WE WILL ALSO GO TO THE MEETING AND ANNOUNCE THE PROJECT
THERE AS WELL.>>THANK YOU. THE CHAIR WILL ACCEPT THE
MOTION.>>SO MOVED.
>>SECOND.>>WE HAVE A MOTION AND A
SECOND. ALL THOSE IN FAVOR SIG ANY ANY
BY SAYING AYE. [CHORUS OF AYES]
AYES HAVE IT. MOTION CARRIES.
THANK YOU VERY MUCH. THE MEETING OF THE COMMISSION’S
LOCAL CONTRACT REVIEW BOARD IS NOW ADJOURNED.
AND THE MEETING OF THE PORTLAND DEVELOPMENT COMMISSION IS
RECONVENED.

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