[0:02] BY THE CITY COUNCIL. WE HAVE SEVEN HERE THIS EVENING FOR MOST ITEMS THE PLANNING COMMISSION MAKES [0:10] RECOMMENDATIONS TO THE CITY COUNCIL. THERE ARE SOME ITEMS IN WHICH THE PLANNING COMMISSION DOES HAVE FINAL DECISION MAKING AUTHORITY TONIGHT OUR ITEMS [0:17] ARE ALL STUDY ITEMS WHICH DON'T INCLUDE A PUBLIC HEARING [0:25] . >> FIRST ORDER OF BUSINESS THIS EVENING IS THE PLEDGE OF ALLEGIANCE. PLEASE STAND IF YOU'RE ABLE [0:32] PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS ONE NATION [0:38] UNDER GOD, INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL [0:45] . ALL RIGHT. AS I MENTIONED EARLIER, WE HAVE THREE ITEMS THIS EVENING. THEY ARE ALL STUDY ITEMS. WE'LL START WITH ITEM ONE [0:53] WHICH IS THE ANNUAL HOUSING REPORT AND HOA STUDY AND WE HAVE PLANNER NAVARRO AND HOUSING DEVELOPMENT SPECIALIST [1:00] NIEMEYER FOR THE STAFF REPORT. WELCOME. GOOD EVENING CHAIR AND COMMISSIONERS MY NAME IS [1:05] NATALIE NAVARRO. >> I'M ONE OF THE PLANNERS AND WE WILL PRESENTING THE ANNUAL [1:12] HOUSING REPORT WITH KENNY NIEMEYER. SO 2024 IN REVIEW FOR THE ALL [1:19] THIS HOUSING REPORT WE WILL REVIEW BLOOMINGTON'S DEMOGRAPHIC EXISTING HOUSING AFFORDABILITY AND [1:26] ACCOMPLISHMENTS OF 2024. IT IS IMPORTANT TO REVIEW THESE TRENDS BECAUSE HE GUIDES [1:32] CITY SERVICES POLICIES AND PROGRAM DEVELOPMENT TO ENSURE THE BLOOMINGTON REMAINS A THRIVING AND INCLUSIVE [1:39] COMMUNITY. SO FOR BLOOMINGTON DEMOGRAPHICS BLOOMINGTON HAS A [1:46] TOTAL POPULATION OF 91,537 [1:52] PEOPLE WITH AN AVERAGE HOUSEHOLD SIZE OF 2.27 PERSONS [1:57] AND 39,634 HOUSEHOLDS. IT IS THE MINNESOTA'S FOURTH [2:03] LARGEST CITY AND THE POPULATION CONTINUES TO GROW. WE ARE ANTICIPATING THAT WE WILL HAVE OVER 95,800 [2:14] RESIDENTS BY 2040 AND THE MEDIAN AGE IN BLOOMINGTON IS 40.8 YEARS WHICH IS HIGHER THAN BOTH THE MEAN MINNEAPOLIS [2:22] SAMPLE AND BLOOMINGTON METRO AREA AND THE MINNESOTA STATE AVERAGE HAS WELL JUST SO [2:29] THAT'S A FUN FACT BUT THE MEDIAN AGE IN 1970 WAS 23 YEARS OLD. [2:36] THESE DATA SUGGEST THAT BLOOMINGTON HAS AN AGING POPULATION AND UNDERSTANDING THAT POPULATION GROWTH HELP US [2:42] ANTICIPATE HOUSING NEEDS, EDUCATION WORK FULL FORCE AND [2:48] YES SERVICES NEEDS WITHIN THE CITY. >> BLOOMINGTON CONTINUES TO [2:56] BECOME MORE RACIALLY AND ETHNICALLY DIVERSE BLACK, INDIGENOUS AND PEOPLE OF COLOR OR BIPOC REPRESENT 33% OF THE [3:03] POPULATION. THIS INCREASE IN RACIAL AND ETHNIC DIVERSITY IN BLOOMINGTON BRINGS SEVERAL [3:10] FACTORS SUCH AS CULTURAL ENRICHMENT AND ECONOMIC GROWTH ,IMPROVED PUBLIC SERVICES AND A STRONGER COMMUNITY [3:16] CONNECTIONS. SO FOR EMPLOYMENT RESIDENTS [3:24] WORK IN DIFFERENT INDUSTRIES BUT JUST SIX INDUSTRIES EMPLOY OVER SERVING 75% [3:30] OF BLOOMINGTON EMPLOYEES THE TOP SIX INDUSTRIES FOR EMPLOYMENT AS REPORTED BY THE US CENSUS ARE ONE EDUCATIONAL [3:38] SERVICES HEALTH CARE AND SOCIAL ASSISTANCE. TWO PROFESSIONAL SCIENTIFIC [3:45] AND MANAGEMENT AND WASTE MANAGEMENT. THE THIRD IS ARTS, ENTERTAINMENT AND RECREATION [3:52] AND ACCOMMODATION AND FOOD SERVICES. THIS IS INCLUDED THE HOTELS, HOTEL SERVICES, THE FOURTH IS [4:00] MANUFACTURING THE FIFTH TRANSPORTS ZATION WAREHOUSING AND UTILITIES AND THE SIX IS [4:07] RETAIL TRADE. >> SO BLOOMINGTON'S UNEMPLOYMENT RATE HAS IMPROVED [4:15] GREATLY SINCE 2020 DURING THE PANDEMIC THE UNEMPLOYMENT RATE [4:22] WAS 7.6% AT THAT TIME WAS HIGHER THAN THE COUNTY AND THE REGIONAL RATES AND THAT WAS MAINLY DUE TO JOB LOSSES [4:30] IN THE RETAIL AND HOTEL OR ACCOMMODATION AND FOOD SERVICES SECTOR. HOWEVER, THE CITIES JOB MARKET [4:37] HAS RECOVERED WELL AND WITH UNEMPLOYMENT DROPPING TO 3.0% [4:42] IN 2020 FOR SO FOR THE INCOME [4:50] IS STARTING IN 2010 BLOOMINGTON'S MEDIAN INCOME WAS OVER $59,000 WHICH WAS LOWER THEM BOTH HENNEPIN [4:58] COUNTY AND THE METRO AREA. FAST FORWARD TO 2020 WE SEE A SIGNIFICANT GROWTH ACROSS THE [5:05] BOARD. BLOOMINGTON ROSE TO 78,224 [5:11] WHILE HENNEPIN COUNTY AND THE METRO AREA HIT A LITTLE BIT OVER $88,000 IN 2020, [5:18] BLOOMINGTON CONTINUED TO IMPROVE WITH A MEDIAN INCOME [5:25] OF 80,582 BUT IS STILL BEHIND HENNEPIN COUNTY AND THE METRO AREA BY 2023 BLOOMINGTON'S MEDIAN INCOME HAS [5:36] REACH $90,677 BUT IT'S IMPORTANT TO NOTE THAT ETUS STILL REMAIN LOWER THAN BOTH THE HENNEPIN [5:43] COUNTY AND THE METRO AREA ON THE LEFT SIDE OF THE SCREEN WE [5:51] SEE A BREAKDOWN BAKER BREAKDOWN OF HOUSING IN BLOOMINGTON 63 OF HOMES, [6:01] 63% OF HOMES ARE OWNER OCCUPIED WHITE, 32% ARE RENTAL OCCUPIED AND 4% ARE BACON. [6:07] THE MEDIAN HOME VALUE IS 346,000 AND $200 WHICH IS AS [6:15] LIKELY AS LATELY HIRED THEM BOTH A METRO AREA WITH 354,400 [6:21] AND THE STATE AVERAGE WITH [6:28] 3 OR 5500 ON THE RIGHT SIDE OF THE SCREEN AND I MIGHT BE SAYING IT THE OPPOSITE NOW [6:33] YEAH THE RIGHT SIDE OF THE SCREEN WE HAVE A RECENT HOUSING TRANSACTIONS DATA AND [6:40] MOST CELL WHERE FAMILY CITIES SINGLE FAMILY HOMES WITH AN AREA IN PRICE WITH A MEAN [6:45] MEDIAN PRICE OF EIGHT 308 380 [6:51] 7000 AND $500 WE SEE TOWNHOMES AND CONDOS FOLLOWED BY SINGLE [6:57] FAMILY HOMES WITH LOWER MEDIAN PRICES AND THE TWO FAMILY HOMES HAD THE HIGHEST MEDIAN [7:02] PRICE AND THEY MADE UP JUST A SMALL PERCENTAGE OF SALES [7:09] OVERALL. THESE GIVE US A SNAPSHOT OF A LARGE OWNER OCCUPIED CITY WITH A STEADY HOUSING VALUES AND IT [7:17] SUGGESTS THAT WE NEED TO CONTINUE ADDRESSING HOUSING DEMAND CHALLENGE IS FOR [7:23] RENTING BLOOMINGTON'S MEDIAN GIRLS RENT IS $1,526 WHICH IS HIGHER THAN BOTH THE METRO AND [7:31] MINNESOTA STATE. OVER TIME THEIR RENT HAS INCREASED IN BLOOMINGTON [7:39] STARTING FROM JUST OVER 1300 IN 1990 CENSUS TO WHERE WE'RE NOW I'M LOOKING AT THE LOWER [7:46] CHART RENT INCREASES WITH THE NUMBER OF BEDROOMS AND [7:53] BLOOMINGTON CONSISTENTLY SHOWING HIGHER RENTAL RATES ACROSS ALL UNITS SITES FROM [7:58] STUDIOS FROM PREMISE STUDIOS TO FIVE PLUS BEDROOMS HOMES [8:05] COMPARED TO BOTH THE METRO AND THE STATE AVERAGE. THIS TREND SUGGESTS THAT [8:12] BLOOMINGTON HAS A HIGHER DEMAND FOR RENTAL HOUSING POSSIBLY DUE TO LOCATION AGE OR THE LOCAL MARKET. [8:20] SO FOR HOUSING DISPARITIES THE DATA SUGGESTS OR SHOWS CLEARLY [8:28] DIFFERENCE IN WHO RENTS AND WHO OWNS A HOME IN BLOOMINGTON BASED ON RACE AND ETHNICITY WHILE WHITE HOUSEHOLDS ARE [8:33] MORE LIKELY TO OWN THEIR HOMES. BUT FOR NONWHITE HOUSEHOLDS RENTING IS MUCH MORE COMMON. [8:40] THE BIGGEST GAP IS WITH THE BLACK IS WITH BLACK AND AFRICAN-AMERICAN HOUSEHOLDS WHICH MORE THAN 74% ARE [8:48] RENTERS. THIS IS A BIG DIFFERENCE COMPARED TO WHITE HAS HOUSEHOLD OTHER GROUPS THAT [8:56] HISPANIC, ASIAN AND MULTIRACIAL RESIDENTS ALSO HAVE HIGHER RENTAL RATES AND THIS DIFFERENCE REFLECT THE [9:03] ONGOING IMPACTS OF HISTORIC INEQUITIES SUCH AS DISCRIMINATORY LENDING [9:08] PRACTICES OR LAND REDLINING AND ECONOMIC INEQUALITY. >> IT SHOWS THAT WE STILL HAVE [9:16] WORK TO DO TO MAKE HOUSING FAIR AND ACCESSIBLE FOR EVERYONE IN THE COMMUNITY. [9:23] >> SO ON THE RIGHT SIDE OF THE SCREEN THE PIE CHART IS SHOWING THE HOUSING [9:28] DISTRIBUTION BY UNIT TYPE IN BLOOMINGTON THE LARGEST PORTION WITH 51% IS SINGLE [9:35] FAMILY HOMES AND MULTIFAMILY WITH 32.9%. JUST AS A NOTE, MULTIFAMILY IS [9:42] CONSIDERED GREATER THAN THREE UNITS. BLOOMINGTON HAS A TOTAL [9:51] OF 42,000 705 TAX TAXABLE UNITS HOUSING UNITS AND THE CITY'S HOUSING STOCK SPANS A [9:59] BETWEEN CONSTRUCTION PERIODS BETWEEN 1950 AND 1959 AND THEN THAT'S FOLLOWED BY 20.4% FROM [10:09] 1972 18 OF 18 18.5% FROM THE [10:15] FROM 1960S HOMES BUILD FROM 2000 AND ONWARD ACCOUNTED FOR JUST ABOUT 10% OF THE TOTAL [10:23] AND THEN THIS JUST SHOWS THAT IS A MARKET DOMINATED BY OLDER HOMES WITH LIMITED NEW [10:31] CONSTRUCTION IN RECENT DECADES AND CITIES PER CITY PROGRAMS LIKE THE HOME IMPROVEMENT LOAN HELP RESIDENTS KEEP THEIR [10:38] HOUSES SAFE, LIVABLE AND UP TO DATE AND SUPPORTING HOUSING [10:43] STABILITY IMPROVEMENT AND MAINTAINING THE CHARACTER OF BLOOMINGTON'S NEIGHBORHOODS [10:50] . >> SO AT THE BEGINNING OF THE YEAR THE PLANNING DIVISION THAT A HOMEOWNER ASSOCIATION [10:55] STARTED TO ASSESS THE DISTRIBUTIONS OF HOA EXISTING [11:01] UNITS THESE A STUDY IDENTIFIED ABOUT 5681 UNITS MAKING OVER [11:09] 13% OF TAXABLE HOUSING UNITS IN BLOOMINGTON. MOST HOA FEES ARE TIED TO [11:17] TOWNHOMES CONDOS AND THEY'RE MAINLY IN THE WEST AND SIDE [11:22] PART OF THE CITY'S CONDOS ARE ALSO OFTEN IN HIGH DENSITY AREAS NEAR MAJOR ROADS AND [11:29] TOWNHOMES ARE MOSTLY SPREAD OUT IN SUBURBAN SELL AREAS. WELL SINGLE FAMILY HOMES ARE [11:37] IN HOA ARE USUALLY TRACKED BY A STAFF. THIS STUDY FOUND A FEW [11:44] PROPERTIES AND THIS IS THIS INFORMATION WILL HELP WITH THE FUTURE HOUSING AND PLANNING DECISIONS. [11:49] ANOTHER EXCITING THING THAT WE FOUND THROUGH THIS STUDY IS [11:57] OUR DIRECTOR COMMUNITY DEVELOPMENT DIRECTOR WAS PART OF A GROUP AND THAT GROUP WAS [12:09] ABLE TO PROVIDE FEEDBACK FOR A BILL THAT RECENTLY PASSED IN SENATE AND THEN FOR THAT [12:17] BILL I'M NOT GOING TO BE ABLE TO PRONOUNCE THE WORDS AND YOU [12:23] CAN HOLD ME BUT IT WAS AN AMENDMENT TO THE THE LAW THAT ESTABLISHES A COMMON INTEREST COMMUNITY A A BRUCE PERSON [12:32] OMBUDSMAN PRISON AND THAT PERSON WILL BE APPOINTED BY [12:39] THE GOVERNMENT WITH THING THE DEPARTMENT OF COMMERCE TO ASSIST UNIT OWNERS AND THEY [12:47] WILL THAT PERSON WILL BE ABLE TO HELP THEM ENFORCE THEIR RIGHTS AND THEIR RIGHTS AND FACILITATE RESOLUTION OR [12:55] DISPUTES BETWEEN UNIT OWNERS AND ASSOCIATION. SO THAT'S REALLY EXCITING FOR OUR RESIDENTS [13:06] . SO FOR HOUSING AFFORDABILITY, THE TABLE ON TOP OF THE SCREEN SHOWS THE AREA MEDIAN INCOME THRESHOLD ESTABLISHED BY THE [13:14] US DEPARTMENTF HOUSING AND URBAN DEVELOPMENT. THE DEPARTMENT HUD AND KENNY WILL GO INTO A LITTLE BIT MORE [13:21] DETAIL ABOUT WHAT AM I MEANS. BUT ON THIS SLIDE I JUST [13:29] WANTED TO SHOW THAT A FAMILY INCOME LEVEL AT 80% AM I CAN ONLY AFFORD A HOME PRICE [13:36] OF 290,000 AND $300 AND IF WE LOOK AT THE BOTTOM OF THE [13:42] SCREEN WE SEE THAT THE HOME VALUE DISTRIBUTION IN BLOOMINGTON, YOU KW IT'S SHOWING THAT HOUSES ARE 50% [13:51] OF HOMES IN BLOOMINGTON ARE VALUE BETWEEN 300,000 AND 499,000. SO IT'S HIGHLIGHTING A [13:59] SIGNIFICANT GAP IN HOUSING AFFORDABILITY BECAUSE MOST OF THE AVAILABLE HOUSING IS ALREADY OUT OF REACH FOR MANY [14:07] MODERATE TO INCOME FAMILIES AT 80% AM I SO HOW HOUSEHOLDS ARE [14:19] CAN SEE THEIR COST BURDEN AND WHEN THEY SPEND 30% OR MORE OF THEIR INCOME ON HOUSING FOR [14:25] RENTERS THESE INCLUDES RENT AND UTILITIES AND FOR HOMEOWNERS IT INCLUDES THE MORTGAGE TAXES, INSURANCE AND [14:33] UTILITIES. OVER TIME MORE PEOPLE IN BLOOMINGTON ARE FEELING THIS BURDEN. BACK IN 1990, ABOUT 22% OF ALL [14:40] HOUSEHOLD HOUSEHOLDS WERE COST BURDEN AND THAT NUMBER HAS GROWN TO 29% IN 2023 [14:49] HOMEOWNERS HAVE SEEN SMALL INCREASES FROM LIKE 15% TO [14:56] 20%. BUT RENTERS ARE BEING MORE MUCH AFFECTED. NEARLY HALF OF ALL RENTER HOUSEHOLDS OR ABOUT 49% ARE [15:05] COST BURDEN AND IT IS STAYING HIGH FOR OVER A DECADE. [15:13] THIS DATA REFLECTS THAT AFFORDABLE HOUSING IS BECOMING A BIGGER CHALLENGE IN ESPECIALLY FOR RENTERS. [15:20] THANK YOU. SO YEAH, WE MENTIONED TALKING [15:26] A LITTLE BIT MORE ABOUT AM I SO I COME UP HERE OFTEN AND TALK ABOUT AM I IN AFFORDABILITY LEVELS AND I [15:32] THOUGHT IT MIGHT BE HELPFUL TO JUST BRIEFLY GO OVER WHAT THAT ACTUALLY LOOKS LIKE IN THE TWIN CITIES METRO. SO AS WE MENTIONED, HUD SETS [15:39] THIS NUMBER THEY CALCULATE IT EACH YEAR AND THEY TYPICALLY PUBLISH THAT NUMBER AROUND APRIL OF EVERY YEAR. AND SO WHAT THEY'RE ACTUALLY [15:44] DOING IN THAT CALCULATION IS LOOKING AT THE MINNEAPOLIS ST. PAUL BLOOMINGTON METRO FRAMEWORK RENT AREA WHICH IS [15:51] THE 13 COUNTY METRO NOT THE SEVEN COUNTY OR THE 15 COUNTY METRO BUT THE 13 AND THEY'RE [15:58] PULLING WHAT THE INCOME IS FOR A FAMILY OF FOUR AND THAT'S USING AMERICAN COMMUNITY [16:05] SURVEYS. THEY ADD US AS DATA WHICH IS ALSO THE DATA THAT INFORMED THE MAJORITY OF THE REPORT THAT YOU'VE BEEN GIVEN TONIGHT. SO WITH THAT DATA IN HAND [16:13] THEY'RE ABLE TO GO APPLY AN INFLATION FACTOR FROM PREVIOUS YEAR AND THEN RUN TEN YEARS [16:19] 200 AND THAT'S HOW THEY ARE ABLE TO PUBLISH ANNUALLY THESE MEDIAN FAMILY INCOMES. AND SO FROM THERE THOSE MEDIAN [16:27] FAMILY INCOMES ARE TAKEN AT LEAST IN OUR CONTEXT. THEY'RE TAKEN BY THE METROPOLITAN COUNCIL. [16:34] THE MET COUNCIL APPLIES A ASSUMED ANNUAL INCOME WHICH IS THAT EACH BEDROOM OF A UNIT WOULD BE ASSUMED TO HAVE ONE [16:41] AND A HALF PEOPLE AND USING THAT THEY'RE ABLE TO ESTABLISH A HOUSEHOLD INCOME BASED OFF OF UNIT TYPE. [16:47] SO ONE BED TO BED STUDIO ALCOVE AND THEN TAKING THAT ANNUAL HOUSEHOLD INCOME THEY JUST APPLY A 30% CALCULATION [16:56] TO GET WHAT IS CONSIDERED AFFORDABLE HOUSING COST. SO ANYTHING IN EXCESS OF 30% [17:02] AS DEARLY WE'RE SAYING WOULD BE HOUSING COST BURDEN. AND SO I'VE PULLED THE NUMBERS HERE SPECIFICALLY FOR TWO BEDS [17:09] WITHIN THE METROPOLITAN AREA AND THAT IS WHAT WE USE HERE IN BLOOMINGTON FOR OUR [17:14] AFFORDABLE AFFORDABILITY PROGRAM. SO THINK OF YOU THINK OF HOUSING TARIFF. THESE ARE THE THAT'S HOW WE'RE [17:21] GETTING THE NUMBERS THAT WE'RE APPLYING. AND SO I DID A LITTLE ANALYSIS OF THESE NUMBERS FOR THE LAST [17:28] ALMOST DECADE AND A HALF AND WANTED TO PULL OUT WHAT I THOUGHT WERE TWO INTERESTING [17:33] INVERSION POINTS. SO THE LINE ON THE TOP IS WHAT AN AFFORDABLE HOUSING COST [17:39] WOULD BE IF YOU JUST APPLIED THAT 30% TO THE BLOOMINGTON MEDIAN INCOME, THE MEDIAN [17:46] INCOME HOUSEHOLD AND THE INVERSION HERE IS THAT A TWO BED THAT'S AFFORDABLE TO A [17:53] HOUSEHOLD EARNING 100% AMI FOR THE 13 COUNTY METRO THAT UNIT IS NO LONGER AFFORDABLE TO THE BLOOMINGTON MEDIAN INCOME [18:00] HOUSEHOLD SO THAT'S ONLY OCCURRED SINCE BETWEEN 2020 AND 2021. SO I FEEL LIKE THAT'S AN IMPORTANT INVERSION POINT. [18:06] THE OTHER HERE IS THAT JUST ONE YEAR LATER WE SEE THAT THE [18:11] BLOOMINGTON MEDIAN RENT IS NOW WER THAN A 60% AMI TOO BAD [18:18] FOR THE METROPOLITAN AREA SO AS WE'RE WORKING WITH DEVELOPERS TO TRY AND BRING NEW DEVELOPMENTS TO THE CITY, [18:24] THESE ARE THE KIND OF THINGS THAT WE'RE TAKING INTO ACCOUNT THAT WE'RE AT A POINT NOW WHERE BLOOMINGTON MEDIAN RENT IS ACTUALLY LOWER THAN A 60% [18:31] AMI AFFORDABLE UNIT AND AS YOU ARE PROBABLY AWARE LOW INCOME HOUSING TAX CREDIT DEVELOPMENTS ARE TYPICALLY [18:39] AVERAGE AT THE 60% AM I LEVEL. SO THIS HAS A LOT OF IMPLICATION FOR WHAT TYPE OF PROJECTS WE MIGHT WANT TO [18:44] SUPPORT FINANCIALLY BECAUSE WHAT THIS DATA IS POTENTIALLY DEMONSTRATING IS THAT A MARKET [18:50] RATE PROJECT IN BLOOMINGTON ISN'T FAR OFF FROM THE 60% LEVEL AND OF COURSE THIS [18:57] ACCOUNTS FOR RENTAL UNITS ACROSS ALL AGES OF UNITS. SO WE'RE INCLUDING UNITS THAT [19:04] ARE A HUNDRED YEARS OLD SO THAT WILL DEFINITELY SKEW THE RESULTS. BUT I STILL THINK THAT THESE ARE TWO IMPORTANT INVERSION POINTS. SO SPEAKING OF NEW [19:11] DEVELOPMENT, WE DID HAVE SOME DELIVERIES OF PROJECTS IN 2024 AND SO I'VE PULLED THOSE OUT HERE AND WE'RE SHOWING THOSE [19:18] AGAINST OUR MAP COUNCIL HOUSING NEED ALLOCATION AND I'LL BE REPORTING ON THIS MORE IN SEPTEMBER WITH THE REPORT [19:25] THAT THE ANNUAL REPORT SO I WON'T GET TOO DETAILED HERE BUT THOSE THREE PROJECTS THAT WERE DELIVERED WERE OXBRIDGE [19:30] HEIGHTS WHICH IS A 100% AFFORDABLE DEVELOPMENT. NOBLE APARTMENTS WHICH [19:37] PROVIDED 9% OF THEIR UNITS AT 50% AM I THEY GOT ASSISTANCE THROUGH TIFF AND SO WE WERE ABLE TO NEGOTIATE FOR A DEEPER [19:43] AFFORDABILITY THERE AND THEN HARDER ON THE BLUFFS AND THAT'S A FULLY MARKET RATE DEVELOPMENT OVER IN SOUTH LOOP THAT ELECTED TO PAY A FEE [19:52] IN LIEU OF AFFORDABLE UNITS AND WE'VE BEEN WORKING WITH THE DEVELOPER THERE TO HOPEFULLY APPLY THAT FEE TO A SUBSEQUENT DEVELOPMENT [19:59] IN AMERICAN SQUARE IN THAT SAME AREA AND PROJECTS THAT ARE IN THE PIPELINE ACTUALLY [20:04] THE KNOX APARTMENTS YOU MAYBE KNOW HAS HAD THEIR OPENING A COUPLE OF MONTHS AGO BUT THIS IS THIS IS WE'RE LOOKING BACK [20:11] AT 2024 SO EVER APARTMENTS OVER ON THE WEST SIDE THAT'S ENCLAVES DEVELOPMENT THEY'RE [20:16] WELL UNDERWAY AND CONSTRUCTION CURRENTLY KNOX APARTMENTS IS COMPLETED KNOX APARTMENTS HAS THEIR 9% AT 50% AM I EVER [20:25] APARTMENTS I SHOULD HAVE MENTIONED IS 9% AT 60% OF MY AND THEN THE ROSSLYN 700 AMERICAN MIGHT BE THE MORE FAMILIAR NAME THAT IS 100% [20:33] AFFORDABLE PROJECT THAT WILL LIKELY BE COMPLETED NEXT YEAR IN MARCH OF 2026 AND WE DO [20:40] HAVE A PROJECT IN BLOOMINGTON CENTRAL STATION THAT HAS THEY'RE ENTITLED ENTITLEMENT [20:45] APPROVAL BUT THEY HAVE NOT YET PROCEEDED TO DEVELOPMENT. SO THAT IS STILL IN THE PIPELINE. [20:51] SO THEN I WANTED TO PULL A COUPLE OF GRAPHS TO TALK ABOUT WHAT WE'VE BEEN HEARING FROM DEVELOPERS WHICH IS THAT THE COST TO DEVELOP HAS RISEN [20:58] SINCE THE ONSET OF THE PANDEMIC AND IT CONTINUES TO POSE A LOT OF CHALLENGES TO STARTING DEVELOPMENT. SO WHAT I PULLED HERE WAS FROM [21:06] ITS PRODUCER PRICE INDEX FOR CONSTRUCTION MATERIALS WITH A BASELINE SET IN THE YEAR 2000 [21:13] AND IT SHOWS PRETTY CLEARLY A HUGE SPIKE ONE AT THE GREAT RECESSION AND THEN AGAIN AT [21:20] THE ONSET OF THE COVID PANDEMIC AND WE HAVE STARTED TO LEVEL OFF SENSE AND I THINK IF WE STAY AT A MORE LEVELED OFF PACE THAT NEXT YEAR YOU [21:28] WOULD BE ABLE TO SEE THAT IN TERMS OF A TREND LINE WE'RE KIND OF WHERE WE WOULD HAVE BEEN HAD THE CONSTRUCTION MATERIALS CONTINUED TO [21:35] INCREASE AT THAT HISTORIC RATE. SO HOPEFULLY THIS WON'T BE A STICKING POINT FOR MUCH LONGER FOR DEVELOPERS. [21:43] AND THEN I ALSO WANTED TO PULL OUT OUR INTEREST RATES AND WHEN I GAVE THIS PRESENTATION TO HRA AND PORT AUTHORITY I [21:49] ONLY WENT BACK TO 2000 AND I MADE A GRAND CLAIM THAT WE'RE AT HISTORIC HIGHS FOR INTEREST RATES AND I WAS REMINDED THAT [21:54] THAT'S NOT IT'S NOT HISTORIC ACTUALLY LOOKING BACK AT 1980 THAT'S WHERE WE'RE HISTORIC. SO MAYBE HISTORIC FOR HOW OLD [22:01] I AM. SO YES, WE WE HAVE SEEN IMPROVEMENTS BUT WE'VE KIND OF LEVELED OFF AND I DID IF WE [22:08] HAVE A LITTLE BIT OF TIME I WANTED TO GO THROUGH I WENT THROUGH A LITTLE EXERCISE OF WHAT THIS INCREASE OF PERCENT INTEREST RATE HAS, [22:16] WHAT IMPACT THAT HAS ON CONSTRUCTION COSTS. SO I LOOKED AT LIKE WHAT'S AN EXAMPLE OF A DEVELOPMENT COST [22:23] FOR A PROJECT IN BLOOMINGTON AND I JUST PUT A ROUGH NUMBER OUT AT 40 MILLION. SO FOR A $40 MILLION PROJECT [22:31] WITH INTEREST RATES AROUND 6.25% INTEREST EXPENSES FOR [22:38] THAT TYPE OF PROJECT WOULD BE AROUND 2 MILLION OR 5% OF THE TOTAL PROJECT COST. SO THAT'S MORE OF OUR PRESENT [22:46] DAY VALUES. IN FACT WHERE WE'RE 6.75% FOR THE 30 YEAR FIXED RATE MORTGAGE IF INTEREST RATES WERE AT THAT LOWER LEVEL LIKE [22:55] 2.65% OF BACK IN 2020, THE INTEREST RATE THE INTEREST COST GOES DOWN TO ALMOST HALF [23:02] A MILLION. SO THAT'S A DROP OF 1.5 MILLION AND IT'S A 3.85% DECREASE TO THE TOTAL PROJECT COST AND THEN AT THAT POINT [23:10] INTEREST EXPENSES ARE ONLY 1.16% OF PROJECT COST. SO FROM 5% OF PROJECT COSTS TO [23:18] 1.16% OF PROJECT COSTS AND THAT NEW TOTAL PROJECT COST WOULD BE 38, 38.5 MILLION. SO I JUST WANTED TO THANK FOR [23:25] THAT EXERCISE. THIS WAS BASED OFF OF FINANCIAL MODELING THAT WE WERE GIVEN BY A DEVELOPER AT BLOOMINGTON HOUSING DEVELOPER SITE. IT FOLLOWS THEIR MODEL AND I [23:32] THINK IT JUST DEMONSTRATES THAT THERE ARE STILL VESTIGIAL COSTS FROM THAT COVID ONSET. [23:39] BUT LIKE I SAID WITH CONSTRUCTION MATERIALS WE'RE HOPING THAT SOME OF THAT GETS ALLEVIATED. WE HAVE SEEN A LOT OF DEVELOPMENT INTEREST BUT [23:47] WE'RE NOT SEEING A LOT OF THOSE PROJECTS COME TO FRUITION AND APPEAR BEFORE THE COMMISSION. SO THAT'S ALL FOR ME. [23:54] WE HAVE SOME TAKEAWAYS THAT WE WANTED TO SHARE. YEAH I KNOW THERE WAS A LOT OF INFORMATION. [24:01] SO A FEW TAKEAWAYS. BLOOMINGTON POST POPULATION IS OLDER THAN THE METRO AREA AND [24:07] THE STATE AND THE CITY IS BECOMING MORE RACIALLY DIVERSE AND WE HAVE SEEN A CONSISTENT [24:14] AND MEANINGFUL GROWTH OVER THE THE DECADES FOR INCOME THE INCOME LEVELS ALIGN CLOSELY [24:22] WITH THE METRO AND THE STATE BUT DISPARITIES EXIST IN HOMEOWNER OWNERSHIP AND YOU [24:30] KNOW, A GROWING NUMBER OF HOUSEHOLDS IN BLOOMINGTON ARE SPENDING MORE THAN 30% OF THEIR INCOME ON HOUSING AND THAT'S ESPECIALLY RENTERS AND [24:41] JUST AS A WHOLE WE LOST OUR LAST SLIDE. BUT AS A REMINDER THIS ANNUAL ALL THINGS HOUSING REPORT IS AN ANNUAL REPORT AUTHORED BY [24:49] THE HRA. IT IS BASED OFF OF AMERICAN COMMUNITY SURVEY DATA AND YOU'LL PROBABLY KNOW THAT THAT DATA HAS LAG TIME FOR WHEN [24:57] THEY DO THEIR THEIR BIG DATA RELEASE SO THEY HAVE THE THREE YEAR AND THE FIVE YEAR ACL AND IT'S A TWO YEAR LAG. SO THE NEXT WHAT WE'VE CALLED [25:04] A BANNER YEAR FOR THIS YEAR DATA IS IN 2026 AND THAT'LL BE FOR DATE FOR REPORTING FOR [25:11] 2024 PRIOR. SO THIS REPORT THAT YOU'VE RECEIVED TONIGHT IS MORE OF AN INTERIM REPORT. YOU WON'T SEE HUGE CHANGES [25:16] IN THE DATA FROM WHAT WAS GIVEN LAST YEAR. SO NEXT YEAR WE ANTICIPATE THERE WILL BE MORE SIGNIFICANT [25:23] STATISTICAL CHANGES TO REPORT ON. SO I JUST WANT TO PROVIDE THAT AND IF YOU DO READ THE FULL REPORT THERE IS THERE IS DATA [25:30] REPORTING INCLUDED FROM THE HRA, THEIR ACCOMPLISHMENTS FOR THE YEAR WITH THEIR PROGRAMS [25:37] AND THERE ARE REPORTS INCLUDED FROM DIFFERENT COMMUNITY DEVELOPMENT DIVISION. SO ASSESSING ENVIRONMENTAL HEALTH AND OTHER DIVISIONS AS WELL PORT AUTHORITY SO THERE'S [25:45] MORE INFORMATION IN THE REPORT BUT WE WANTED TO REPORT TO YOU ON THE DATA TODAY. [25:51] ANY QUESTIONS FOR STAFF COMMISSIONER ISSA THANK YOU MADAM CHAIR. I HAVE A FEW QUESTIONS IF YOU [25:56] DON'T MIND A COUPLE MORE THAN A COUPLE BUT A FEW, YEAH. SO ON THE OWNERSHIP SLIDE IT [26:03] SAID THAT BLOOMINGTON'S MEDIUM MEDIAN I BELIEVE IS OWNERSHIP [26:10] WAS HIGHER THAN THE METRO BUT LOOK LOWER WHEN YOU LOOKED AT THE ON THE NUMBERS ARE NOT [26:17] YEAH SO IT SAYS IT'S HIGHER ON THE THIS THE TOP BOTTOM LEFT CORNER SECOND ROW SAYS THAT IT [26:25] IS HIGHER BUT IF YOU LOOK AT THE MEDIAN HOME VALUE IT'S SEEMS LOWER YEAH YEAH SORRY [26:32] ABOUT THAT THAT'S THAT'S A GOOD CATCH IT'S ACTUALLY I MEAN I WILL CHECK BUT I THINK IT'S LOWER NOW IT SHOULD BE [26:41] HIGHER SO I THINK THE NUMBER IT'S INCORRECT AND I CAN DOUBLE CHECK THAT I CAN TAKE [26:49] THE REPORT I CAN DOUBLE CHECK THAT AND THEN YOU KNOW BUT I THINK THE MEDIAN HOME VALUE IS [26:55] HIGHER THAN THE METRO AREA AND MINNESOTA. >> OKAY. [27:02] SO THESE TWO MEDIUM HOME VALUE THAT'S HIGHER NOW. YES, I SEE THAT 3046 NUMBER. OKAY. YEAH I THINK THE NUMBER MIGHT BE INCORRECT IS JUST YEAH. [27:11] OKAY THANK YOU. YEAH I KNOW I WAS JUST I THOUGHT I WAS LIKE I TRY TO LOOK AT LIKE FIVE TIMES BUT ANYWAYS THE SECOND QUESTION I [27:18] HAD I HAVE IS WHAT IS THE CURRENT REASONS FOR THE DISPARITIES BECAUSE I KNOW [27:26] HISTORICALLY LIKE YOU MENTIONED THERE'S REDLINING, THINGS LIKE THAT, RIGHT? BUT FROM WHAT I'VE SEEN THERE IS NOW THERE'S NOW A LOT [27:33] OF PROGRAMS TO HELP MINORITIES OR PEOPLE THAT THAT NEED HOUSING YOU KNOW ARE NEED HOME [27:40] OWNERSHIP LIKE THERE'S DUMPING ASSISTANCE PROGRAMS SOME SPECIFICALLY EVEN SPECIFIC FOR [27:47] LIKE AFRICAN-AMERICAN FAMILIES AND THINGS LIKE THAT. SO MY QUESTION IS WILL, WHY IS [27:59] IT STILL SO HIGH AND IS THERE ANYTHING TO COMPARE BECAUSE I KNOW THIS IS FROM 2019 TO 2023 [28:05] IS THERE 155 YEARS PRIOR TO COMPARED TO IF IT'S BEEN GETTING BETTER? YES. YEAH. THERE. [28:12] THANK YOU CHAIR COMMISSIONER YOU SAY THERE IS I REMEMBER CORRECTLY I THINK THE MINNEAPOLIS FED RESERVE RECENTLY PUT OUT AN UPDATE TO [28:19] WHAT'S CALLED THE ITASCA PROJECT. SO THAT'S A PROJECT THAT'S TRACKING PRODUCTION OF UNITS ACROSS THE METRO AND TRACKING [28:27] HOW HOMEOWNERSHIP RATES ACROSS RACES AND THEY'VE BEEN LOOKING SPECIFICALLY AT THE DISPARITY [28:32] BETWEEN HOMEOWNERSHIP FOR WHITE HOUSEHOLDS AND BLACK HOUSEHOLDS. AND IF I REMEMBER CORRECTLY, WE HAVE WE HAVE SEEN AN [28:38] IMPROVEMENT IN RECENT YEARS. I THINK PART OF WHAT THE NARRATIVE THAT I WOULD WANT TO GIVE IS THERE ARE HUNDREDS [28:44] OF YEARS OF NEGATIVE IMPACTS FINANCIALLY TO DIFFERENT [28:49] DEMOGRAPHICS IN THE US AND SOME OF THE MEASURES THAT YOU'VE TALKED ABOUT TO IMPROVE THE SITUATION MAYBE THOSE HAVE [28:55] ONLY BEEN IN PLACE FOR A DECADE OR A FEW DECADES SO IT MAYBE TAKES IT COULD TAKE [29:01] QUITE A BIT LONGER TO SEE THOSE NUMBERS CONTINUE TO IMPROVE BUT I DO THINK THERE HAVE BEEN POSITIVE THERE'S BEEN WORK THAT HAS BEEN DONE [29:09] THAT HAS HAD POSITIVE RESULTS IN RECENT YEARS. OKAY. YEAH. NO, THAT'S GREAT. OKAY. I WAS JUST CURIOUS ON THAT. [29:14] THE OTHER THING I WAS LOOKING AT THE CHART I'M GOING TO PULL IT UP REAL QUICK THE PRICE IT [29:20] WAS ECONOMIC CONSIDERATIONS CHART AND I HAD OR HAS THE PRODUCER PRICE INDEX FOR CONSTRUCTION MATERIALS SO IT'S MORE SO FOR THE COST FOR [29:28] DEVELOPERS WHICH OBVIOUSLY THEN ARE GETS THE THE CONSUMER GETS AFFECTED OR THE RESIDENT [29:35] OR HOMEOWNER OR WHATEVER AND SO I GUESS MY QUESTION IS IF [29:42] ON THE MACRO LENS IF I MEAN IF YOU LOOK AT THIS CHART LIKE THE FED PRINTED A WHOLE BUNCH [29:50] OF MONEY SINCE COVID AND THAT'S MOST LIKELY WHY THERE WAS LIKE A UPTICK IN INFLATION I BELIEVE IT'S LIKE WAY MORE FROM 2020 TO 2024 IT WAS LIKE [29:57] MORE THAN LIKE I BELIEVE LIKE THE PAST 15 YEARS OR SOMETHING. [30:02] THEY'LL CALL ME ON THAT JUST A WHOLE LOT MORE. RIGHT? AND IF THAT DROVE UP PRICES [30:08] AND PRICES HOME PRICES WILL CONTINUE TO DRIVE UP AS LIKE [30:15] THE NATIONAL DEBT INCREASES RIGHT. I GUESS MY QUESTION AND I KNOW [30:23] IT'S NOT LIKE A CITY THING IT'S IT'S A BROADER IT'S KIND OF BIGGER THAN CITY HOW HOW WILL WE WILL WE JUST CONTINUE [30:30] TO HAVE THIS PROGRAMS WHERE WE FUND LIKE DOWN PAYMENT THINGS LIKE THAT TO KEEP UP LIKE [30:38] BASICALLY PUTTING A BAND-AID ON THE BROADER ISSUE BECAUSE HOME PRICES WILL CONTINUE TO GO UP AND APPRECIATE AND IT'S IMPORTANT OBVIOUSLY FOR [30:45] MINORITIES AS WELL TO TO BUY HOMES BECAUSE IF YOU DON'T HAVE A HOME OR ANY ASSET YOU'RE GOING TO LACK DUE TO [30:53] INFLATION. RIGHT. AND AND SO I GUESS MY MY [31:01] QUESTION IS LONG TERM, HOW DOES A CITY PLAN TO ADDRESS THAT ISSUE THAT MAKES SENSE. [31:08] I DON'T KNOW. IT'S KIND OF BIGGER THAN IT'S THE BIGGER PICTURE BUT I GUESS ON A MICRO LEVEL HOW IF YEAH [31:16] HOW DOES HOW TO HOW TO HOW HOW DO WE SOLVE THAT LONG TERM YEAH SHARON COMMISSIONERS I'M [31:23] I THINK YOU'VE BROUGHT A LOT OF IMPORTANT POINTS LIKE WEALTH HISTORIC WEALTH BUILDING LIKE HOUSING COST INEQUITY. [31:30] I THINK PART OF THE EQUATION HERE IS WE WANT TO BE ABLE TO DELIVER UNITS THAT ARE AFFORDABLE THAT ARE DELIVERED [31:39] DELIVERED THROUGH THE MARKET WITHOUT HAVING TO INTERVENE THROUGH PUBLIC SUBSIDY. I THINK THAT'S WHAT YOU'RE TALKING ABOUT AND SO IT IS A [31:46] CHALLENGE AND WE CONTINUE TO TRY AND IDENTIFY LIKE FUNDING SOURCES THAT DON'T INCREASE BURDEN ON TAXPAYERS. [31:54] THAT'S AN IMPORTANT PART OF THE WORK AND A LOT OF THAT COMES THROUGH PUBLIC PRIVATE PARTNERSHIP. SO I GUESS THE WORK THAT WE DO [32:02] CONTINUES. YEAH, I DON'T MAYBE I DON'T KNOW HOW TO FULLY ANSWER YOUR [32:09] QUESTION BUT I THINK YOU'VE BROUGHT UP A REALLY GOOD POINTS. I DON'T KNOW IF ANYONE ELSE WANTS TO WEIGH IN. [32:17] CHERYL BURKE JACK COMMISSIONER, YOU SAY THAT IS A DIFFICULT QUESTION PARTICULARLY I MEAN THE HOUSING MARKET CERTAINLY DOES NOT STOP AND AND AT THE [32:22] BLOOMINGTON'S BORDERS, RIGHT? WE'RE TYPICALLY OPERATING IN A MORE REGIONAL HOUSING MARKET THAN JUST A LOCAL HOUSING [32:28] MARKET. CERTAINLY THE DATA ABOUT THE LOCAL HOUSING MARKET IS VERY IMPORTANT AND I APPRECIATE [32:33] THEM PRESENTING THAT INFORMATION TO YOU AND WILL BE IMPORTANT THINGS TO THINK ABOUT FOR THE COMP PLAN COMING UP IN TERMS OF THE THINGS THAT [32:39] ARE IN OUR CONTROL, YOU KNOW ONE OF THE THINGS I WROTE DOWN IS JUST MORE EFFICIENT USE OF LAND. [32:47] THERE'S THERE ARE SOME THINGS WITHIN OUR CONTROL AND SOME OF THOSE THINGS ARE REGULATIONS. WE'VE TALKED A LOT ABOUT THOSE THINGS THE LAST COUPLE [32:52] OF YEARS AND HOW DO WE KIND OF REDUCE THE CHALLENGE OR THE [32:58] HEIGHT OF THE HURDLE WITH RESPECT TO SOME OF OUR PERFORMANCE STANDARDS THAT MAKES MORE HOUSING INFILL HOUSING FEASIBLE TO BE [33:06] CREATED? THE OTHER THING I THINK WE'VE BEEN THINKING ABOUT AND THIS WILL COME UP IN THE MISSING MIDDLE HOUSING PROJECT IS JUST MORE CREATIVE FORMS OF HOME OWNERSHIP. [33:11] CERTAINLY WHEN PEOPLE THINK ABOUT HOMEOWNERSHIP THEY'RE THINKING ABOUT TRADITIONALLY THEY'VE BEEN THINKING ABOUT CONDOS OR SINGLE FAMILY HOMES. [33:18] THERE ARE OTHER FORMS OF HOMEOWNERSHIP OUT THERE THAT WE NEED TO ASSESS AND [33:24] EVALUATE HOW DO WE INCENTIVIZE THESE THINGS? HOW DO WE CREATE THESE OPPORTUNITIES TO USE SO BUT I [33:30] MEAN BY ME SHARING THOSE JUST TWO QUICK THINGS JUST OFF THE CUFF IT DOESN'T, YOU KNOW, DIMINISH THE SCALE OF THE [33:37] CHALLENGE. IT IS A SIGNIFICANT CHALLENGE . YEAH. THANK YOU FOR THAT. [33:44] YEAH I APPRECIATE THAT AND YEAH, BECAUSE IT'S FRUSTRATING BECAUSE IT'S NOT LIKE YOUR AVERAGE CITIZEN WHETHER YOU'RE [33:49] MINORITY OR NOT, RIGHT? IT'S AFFECTING EVERYBODY. IT'S NOT LIKE THEY'RE TRYING TO JUST KEEP UP, RIGHT? [33:56] IF YOU LOOK AT THERE'S LIKE A BUNCH OF CHARTS YOU CAN LOOK AT WHERE LIKE THE MEDIAN MEDIAN HOUSEHOLD BACK IN LIKE THE 50S VERSUS INCOME OR LIKE [34:04] STUDENT LOANS BACK THEN VERSUS NOW IT'S LIKE IT'S A CRAZY DESPAIR. [34:11] PARITY IN THAT SENSE DIFFERENT, RIGHT? SO IT'S NOT THE YEAH I DON'T KNOW I GUESS IT'S A BIGGER [34:19] ISSUE OPEN YEAH THANK YOU GUYS FOR UH FOR THAT INFORMATION. APPRECIATE IT. [34:24] YEAH I THINK THAT'S ALL THE QUESTIONS I HAD THE OTHER QUESTIONS COMMENTS. [34:29] COMMISSIONER CUNNINGHAM THANK YOU CHAIR I WANT TO TALK ABOUT ARDOR ON THE BLUFFS QUICK THAT JUST WANTED TO CLARIFY A [34:35] SENTENCE YOU SAID ABOUT THAT THEY HAD A FEE FOR NOT HAVING [34:42] ANY I DON'T WANT TO USE THE WORD SUBSIDIZED HOUSING ANY ANY UNITS AT DIFFERENT ARMY RANGES BEYOND MARKET RATE [34:49] BEING FULLY MARKET RATE. IS THAT STANDARD THROUGHOUT THE CITY? I GUESS CAN YOU EXPAND ON KIND [34:57] OF WHAT THAT FEE IS? YEAH, TURN COMMISSIONERS SO THROUGH OUR OPPORTUNITY HOUSING ORDINANCE THERE ARE MULTIPLE WAYS FOR DEVELOPERS [35:02] TO COMPLY WITH THE REQUIREMENTS. THE ONE THAT IS MOST OFTEN [35:07] USED IS PROVIDING 9% OF UNITS WITH AN AFFORDABILITY RESTRICTION. THE BASELINE OF THAT IS THE [35:14] 60% AM I LEVEL. THERE'S ANOTHER OPTION TO PAY A FEE IN LIEU OF PROVIDING THOSE AFFORDABLE UNITS AND SO THAT'S CONTAINED IN THE [35:22] APPENDIX OF OUR CODE OF ORDINANCES. THE RATE IS I BELIEVE $9.60 PER SQUARE FOOT OF LEASABLE [35:28] SPACE IN THE BUILDING. SO THE WAY WE CALCULATED THE FEE FOR CHARTER IS THEY PROVIDED US WHAT THAT LEASABLE [35:36] SQUARE FOOTAGE WAS IN THE DEVELOPMENT AND THEN WE JUST APPLIED THAT $9.60 AND THAT'S HOW THAT FEE WAS ESTABLISHED. [35:44] GOT IT. AND YOU SAID THAT THEY HAD DEFERRED THAT TO A FUTURE PROJECT? [35:49] TRAN COMMISSIONERS CORRECT. SO THERE'S TWO OPTIONS WITHIN THAT WHEN THAT FEE IS PAID [35:55] THEY COULD PAY THAT INTO OUR AFFORDABLE HOUSING TRUST FUND AND IT COULD BE THEN AVAILABLE FOR SUBSEQUENT DEVELOPMENTS IN THE CITY OR THEY'RE ABLE TO [36:03] THROUGH OUR ORDINANCE TO BASICALLY HAVE THAT FEE HELD BY THE CITY FOR UP TO 24 MONTHS FOR THAT FOR THAT SAME [36:08] DEVELOPER OR FOR THEM IN PARTNERSHIP WITH A DIFFERENT DEVELOPER TO BRING FORWARD A SUBSEQUENT [36:14] DEVELOPMENT THAT INCLUDES THE REQUIRED UNITS THAT WOULD HAVE BEEN REQUIRED IN THIS CASE [36:19] IN ORDER AND THEN WHATEVER THAT NEW BUILDING WOULD HAVE WOULD REQUIRE FOUR UNITS. THEN THEY'RE ABLE TO DRAW ON [36:26] THAT FEE THAT THEY'D PAID. GOT A CHAIR FOLLOW UP QUESTION FOR PLANNING MANAGER JOHNSON IF I CAN. SORRY. [36:33] SO IF IF SOMEONE WAS TO PAY THIS FEE THAT YOU KNOW $9.60 PER SQUARE FOOT IN ADDITION IF [36:40] A DEVELOPER WANTED TO DO A TRULY MARKET RATE BUILDING IT [36:46] WOULD BE PARK DEDICATION FEES PERMIT FEES, INSPECTIONS, THE NEW CITY SAC FEE AND THE OPPORTUNITY HOUSING ORDINANCE [36:52] COSTS. OKAY. COMMISSIONER CUNNINGHAM THAT'S CORRECT. [36:58] OKAY. YEAH. THANK YOU. JUST WANTED TO GET THAT OUT OF MY MY BRAIN. [37:03] GOOD. GOOD TO KNOW. THANK YOU, CHAIR EITHER QUESTIONS COMMENTS. COMMISSIONER HURRY UP TO IT. [37:11] THANKS, CHAIR. SO CAN YOU GO BACK TO THIS SLIDE THAT SHOWED I THINK IT WAS 60% AMI OVERTIME? [37:18] SO YEAH THAT WAS IT. [37:25] THIS ONE? YEAH. SO BASICALLY IS WHAT THIS IS SAYING IS THE MEDIAN RENT FOR [37:32] BLOOMINGTON IN GENERAL IS BELOW THE MEDIAN 60%. [37:39] AM I RIGHT? SO RIGHT TURN COMMISSIONERS [37:45] IN 2023 OR I SUPPOSE THAT'S 22 ONWARD THE BLOOMINGTON MEDIAN RENT IS LOWER THAN A TWO BED A [37:55] TWO BED THAT'S AFFORDABLE AT THE 60% AM I LEVEL FOR THE 13 COUNTY METRO? CORRECT. OKAY. [38:01] BUT THEN THE AFFORDABLE HOUSING COSTS BASED ON BLOOMINGTON MEDIAN INCOME IS [38:08] NOT I'M TRYING I'M JUST TRYING TO KIND OF MAKE SENSE OF THESE TWO. [38:14] SO THE ONE THAT THE CHART THE COMPARISON ABOVE IS THAT AM I IN GENERAL OR AFFORDABLE RENT [38:23] FOR A 100% AMAZON WELL ABOVE AGAIN I SUPPOSE WHAT IS [38:29] IN BLOOMINGTON FOR AN AFFORDABLE OH THAT'S BASED ON BLOOMINGTON'S MEDIAN INCOME SO THAT'S A COMPARISON OF OUR [38:36] MEDIAN INCOME VERSUS WHERE 100% AMI IS OUT TODAY SAYING THAT PEOPLE CANNOT GENERALLY [38:43] AFFORD A 100% EMI. HOWEVER OUR MEDIAN RENT IS [38:49] STILL BELOW ON AVERAGE 60% OF AM I TORY COMMISSIONERS IF [38:57] I MAY WHAT I THINK ONE SO SO WE'RE WELL SO WE'RE WELL BELOW ON AVERAGE THE 100% THAT'S [39:04] SHOWN ABOVE FOR TWO BED OKAY WHAT I IF I MAY TURN [39:11] COMMISSIONERS WHAT I WANTED TO DRAW OUT IN THIS BESIDES THAT POINT I WAS TRYING TO MAKE ABOUT WHAT I CAN AFFORD A 60% [39:19] AM I PRODUCT THAT A DEVELOPER IS BRINGING HOW THAT INTERACTS WITH OUR MEDIAN RENT NOW WHAT I ALSO THINK IS IMPORTANT HERE [39:26] IS THIS QUESTION OF LOCALISM WITH REGARDS TO POLICY MAKING . SO WHEN WE THINK OF AM I IT'S ACTUALLY FOR THE METRO AREA SO [39:34] WE'RE TAKING INTO ACCOUNT RENTS IN Y Z A NEW HOPE ROSEVILLE LIKE EVERYWHERE THAT'S THE WHOLE METRO SO THAT I THINK WHAT YOU HIGHLIGHTED [39:42] HERE IS THAT 100% MY LEVEL FOR A TWO BED IS FAR HIGHER THAN [39:47] WHAT A MEDIAN BLOOMINGTON MEDIAN INCOME HOUSEHOLD WOULD BE ABLE TO MAKE AND MAYBE THAT WHAT THAT'S INFORMING IS THESE AM I LEVELS ARE TAKING ARE [39:55] LIKE INFLUENCED BY THESE MORE WEALTHY COMMUNITIES THEY'RE BRINGING THAT MEDIAN RATE MUCH HIGHER TRUE AND WHAT I I GUESS [40:03] THE OTHER THING I WOULD BRING INTO IT IS JUST COMPARING THE HOUSING PRICES IN GENERAL AND BLOOMINGTON VERSUS THE REST [40:09] OF THE METRO AREA WHERE WE HAVE A MUCH LARGER PERCENTAGE OF HOUSES AT $499,000 OR LESS [40:17] THAN THE METRO AREA. SO WOULD YOU SAY THAT THE [40:24] LARGER PERCENTAGE OF YOU KNOW OF RENT OF AFFORDABLE RENT [40:31] IN BLOOMINGTON IS MOSTLY DUE SIMPLY TO NATURALLY AFFORDABLE HOUSING OR DUE TO THE ACTUAL PROGRAMS THAT THE CITY HAS [40:40] IMPLEMENTED TRACK MEASURE IS I WOULDN'T BE ABLE TO CONFIDENTLY SAY THAT OUR ANALYSIS HAS UNCOVERED THAT I [40:47] THINK WE COULD DO SOME WORK TOWARD THAT BUT FOR SURE THAT THE THE AGING HOUSING STOCK OR NO HOUSING IN SOME CASES WOULD [40:55] INFLUENCE THAT GREATLY. I THINK WE'VE BROUGHT IN WELL ACTUALLY MAYBE ON A PRIOR SLIDE YOU'LL SEE THAT THERE IS AN OUTSIZED NUMBER OF UNITS [41:02] HOUSING UNITS IN BLOOMINGTON THAT ARE OF AN OLDER VINTAGE. SO I THINK I WOULD YEAH I THINK BOTH OF THE THINGS THAT [41:07] YOU'VE SAID ARE TRUE. SO YOU'RE AGREEING? YES. OKAY. [41:12] DO YOU HAVE ANY INFORMATION ON WHAT THE ANNUAL PRICE [41:18] APPRECIATION IS LIKE FOR BLOOMINGTON HOUSES OVER TIME VERSUS THE METRO AREA? [41:24] NOT IN THIS REPORT BUT BECAUSE I BECAUSE EVEN THOUGH I MEAN [41:33] YOU LOOK AT 300 AND 300,000 FOR 99,000 AVERAGE PRICE VERSUS THE METRO AND WHILE [41:38] THAT'S NOT AFFORDABLE BASED ON THESE NUMBERS, IT'S NOT I MEAN IT'S IT'S MUCH WE'RE WE'RE [41:47] IN A MUCH BETTER PLACE I WOULD SAY THAN THE METRO AREA RIGHT SO IT WOULD BE INTERESTING TO SEE WHAT THE HISTORY [41:54] OF APPRECIATION IS LIKE IN BLOOMINGTON VERSUS THE METRO AREA AND JUST IN GENERAL [42:01] RELATIVE TO THESE AFFORDABLE THESE AM I NUMBERS TO SEE IF BLOOMINGTON IS ACTUALLY BECOMING MORE AFFORDABLE OR [42:09] BECAUSE THERE'S SUCH A LARGE PORTION OF HOMES AT THAT PRICE POINT OR BELOW YOU KNOW WHAT I MEAN? SO JUST A THOUGHT AS TO [42:17] SOMETHING THAT WE SHOULD MAYBE TAKE A LOOK AT. BUT MR. JACKSON ERIC MR. CURRY [42:22] THAT SOME OF AND I CERTAINLY CAN FOLLOW UP WITH THE CITY ASSESSOR ON TO GET A SENSE OF IF HE HAS ANY OF THAT DATA [42:28] AVAILABLE AND HOW HARD WOULD IT BE TO YOU KNOW, CAPTURE IT IN A DIGESTIBLE WAY AND HOW [42:35] MUCH WORK WOULD IT TAKE OF COURSE THAT TO YEAH, OKAY. [42:41] I THINK THAT WAS IT. ANY OTHER THOUGHTS COMMENTS? CHAIR IF I CAN MAKE ONE MINOR [42:46] CORRECTION OF A PREVIOUS CONFIRMATION TO COMMISSIONER CUNNINGHAM'S STATEMENT NOT ALL PROJECTS DO PLAY A PART [42:53] DEDICATION FEES SOME SITES ARE ALREADY PLATTED SITES AND JUST TO REITERATE THE TRIGGER FOR PARK DEDICATION AS UNDER [43:00] MINNESOTA STATUTE IS TIED TO PLANNING SO FOR SITES THAT HAVE ALREADY BEEN PLATTED AS PART OF PHASE TWO DEVELOPMENTS [43:05] OR OTHER FORMS OF PREVIOUS DEVELOPMENT ACTION, THOSE SITES DO NOT PAY PARK DEDICATION FEES. [43:11] COMMISSIONER HICKTON THANKS MADAM CHAIR. SO YOU KNOW THERE'S A LITTLE [43:19] CONVERSATION EARLIER ABOUT WHAT CAN WE DO ABOUT IT. YOU KNOW, WE'VE SEEN SOME INFORMATION IN THIS REPORT THAT'S PRETTY PROMISING AND [43:26] SOME THAT'S MAYBE NOT SO PROMISING. AND SO FOR THE THINGS THAT AREN'T SO GREAT, WHAT CAN WE AS A MUNICIPALITY DO ABOUT IT? [43:33] AND SO YOU KNOW, I'M NOT AN EXPERT IN HOUSING BY ANY MEANS, BUT WHAT I CAN TELL YOU AND WHAT I CAN TELL THE FOLKS [43:40] WATCHING IS THAT, YOU KNOW, WHEN I ATTEND SOME OF THESE PLANNING CONFERENCES, A LOT OF THE CONVERSATION JUST [43:46] NATIONALLY AND THE WORLD OF PLANNING IS WHAT CAN WE DO TO CREATE AFFORDABLE HOUSING? AND I ALWAYS LIKE TO SIT IN ON [43:52] THOSE PRESENTATIONS TO SEE HOW WE'RE DOING AND A LOT OF THE THINGS THAT ARE BEING DISCUSSED ON THE NATIONAL [43:58] LEVEL OF THE SORT OF EMERGING THINGS MUNICIPALITIES CAN DO TO CREATE AFFORDABLE HOUSING. [44:04] WE'VE ALREADY DONE OR ARE DOING AND SO LIKE I THINK WE HAVE A LOT TO BE PROUD OF IN THE CITY THAT WE'RE REALLY ON [44:10] THE FORWARD FACING END OF THIS OF YOU KNOW WE TALK ABOUT THE OPPORTUNITY HOUSING ORDINANCE [44:16] WHICH IS NOT PERFECT BUT IT'S BEEN VERY SUCCESSFUL AND WE'VE DONE ALL KINDS OF OTHER STUFF ESPECIALLY IN THE LAST COUPLE OF YEARS ABOUT YOU KNOW, [44:22] WHETHER IT'S REDUCED LOT SIZES OR SMALLER HOME SIZES BEING ALLOWED, DIFFERENT HOUSING TYPES BEING ALLOWED. [44:27] WE'RE DOING A LOT OF THE THINGS THAT THE EXPERTS IN THE FIELD ARE RECOMMENDING THAT MUNICIPALITIES DO TO CREATE [44:34] MORE AFFORDABLE HOUSING. AND SO WHETHER THE MARKET ULTIMATELY ACCEPTS THAT OR NOT IS PERHAPS REMAINS TO BE SEEN. [44:39] BUT I THINK WE CAN TAKE SOME COMFORT IN THAT. THE CITY OF BLOOMINGTON AT LEAST FROM MY PERSPECTIVE IS [44:44] DOING A LOT OF THE RIGHT THINGS. COMMISSIONER CURRY THANK YOU, CHAIR. [44:49] I WOULD AGREE WITH THAT. UP UNTIL THE POINT OF KIND OF GOING BACK TO WHAT I WAS [44:56] GETTING AT BEFORE WHICH IS JUST NATURALLY AFFORDABLE HOUSING IS THE IDEAL THING TO HAVE BECAUSE YOU CAN'T REBUILD [45:05] HOUSES NEW HOUSES ADD I MEAN I SUPPOSE YOU PROBABLY CAN BUT IT'S PRETTY TOUGH TO FIND A HOUSE FOR LESS TO BUILD A [45:10] HOUSE FOR LESS THAN LIKE $400,000 THESE DAYS, RIGHT. [45:16] OR $300,000. WHAT DID THEY WHAT DID THE WAS IT THAT THE CITY DID IT FOR? WAS A 500,000 OR SOMETHING? [45:22] SORRY TO INTERRUPT. I'LL JUST SAY IT'S NORTH OF FOUR SO YEAH, SO I MEAN SO [45:29] ULTIMATELY WE DON'T JUST FROM MY PERSPECTIVE I DON'T THINK WE WANT TO IMPLEMENT POLICIES THAT PROMOTE THE TEARING DOWN [45:37] AND REPLACEMENT OF EXISTING HOMES BECAUSE AS WE'VE SEEN IN THE PAST, YOU KNOW FOR A [45:44] DEVELOPER TO DO THAT TO FOR A DEVELOPER TO JUSTIFY DOING THAT THEY HAVE TO SELL IT FOR [45:51] FOUR TIMES WHAT THEIR COST THEIR BASIS IS FOR THE INITIAL LOT, RIGHT? SO MAYBE IF THEY CAN DOUBLE OR [45:56] TRIPLE THE NUMBER OF UNITS ON THE LOT THAT MAKES IT STILL [46:03] SOMEWHAT FEASIBLE TO MAINTAIN LIKE A REASONABLE PRICE BUT STILL YOU'RE JUST GOING TO INCREASE YOU KNOW YOU'RE GOING [46:08] TO MOVE THE BLUE BAR AND THE 300,000 OR 499 IS GOING TO GET [46:14] LESS AND 500 IS GOING TO GET BIGGER AND THEN YOU KNOW, I MEAN ANYTHING ON THE LEFT IS GOING TO GET LESS. [46:21] SO THAT'S JUST MY MY OVERALL PERSPECTIVE EITHER COMMENTS, [46:28] FEEDBACK QUESTIONS. THANK YOU FOR THE PRESENTATION. I AGREE THAT THERE'S A LOT [46:36] OF WORK TO BE DONE IN THIS SPACE AND IT SEEMS LIKE BLOOMINGTON IS DEFINITELY LEADING THE CHARGE IN SOME OF THE CREATION OF UNITS [46:44] SEEING AS WE HAVE ALREADY HIT OUR 2030 GOALS. THAT'S FANTASTIC. I THINK THE STAFF IS DOING A [46:49] GREAT JOB AND I THINK THERE ARE STILL HEADWINDS THAT WE [46:55] ARE GOING TO FACE WITHIN THE NEXT SIX, 12, 18 MONTHS. I JUST HEARD A FIGURE THAT [47:02] THERE WERE ONLY 22 UNITS PERMANENT IN THIS METRO AREA LAST MONTH IN MAY AND IT'S LOOKING LIKE IT'S GOING TO BE [47:11] ABOUT 100 FOR 24TH JUNE, MAYBE SLIGHTLY HIGHER BECAUSE JUNE [47:17] IS NOT OVER BUT THAT IS SIGNIFICANTLY LOWER THAN THE AVERAGE WHICH IS ABOUT 600 UNITS PERMANENT ON A MONTHLY [47:25] BASIS IN OUR REGION. SO I THINK BEING AHEAD OF IT IS THE KEY IN ORDER TO MAKE [47:33] OUR COMMUNITY MORE ENTICING FOR ADDITIONAL DEVELOPMENT WHICH IS HELPFUL I THINK FOR [47:41] ALL. SO THANK YOU VERY MUCH. APPRECIATE IT. THANK YOU. MR. JOHNSON, DID YOU HAVE SOMETHING? [47:48] NO. I WAS WAVING AT MY COLLEAGUES. OKAY. [47:54] ITEM TWO ON OUR AGENDA THIS EVENING IS ALSO A STUDY ITEM WE ARE LOOKING TO APPROVE THE JUNE 5TH AND JUNE 12TH [48:01] PLANNING COMMISSION MEETING SYNOPSIS JUNE 5TH. WE'LL START THERE. MR. CUNNINGHAM WAS ABSENT [48:09] LOOKING FOR A MOTION. MR. COOK I'M SURE I MOVE TO [48:17] APPROVE THE PLANNING COMMISSION MEETING SYNOPSIS FROM JUNE 5TH AND JUNE. WELL WE'LL JUST DO ONE FROM [48:24] JUNE 5TH, 2025 AS PRESENTED. WE HAVE A MOTION AND A SECOND. ALL THOSE IN FAVOR SAY I I [48:31] THOSE OPPOSED AND ARBITRATION ABSTAIN. ALL RIGHT. [48:36] AND WE'RE ON TO JUNE 12TH THE SYNOPSIS FOR THAT MEETING. COMMISSIONER CURRY, [48:42] COMMISSIONER WHITE AND COMMISSIONER CUNNINGHAM WERE ALL NOT HERE LOOKING FOR A MOTION TO APPROVE CORRECTION. [48:50] YES IT IS BOTH ABSENT AND PRESENT. OH GREAT CATCH. [48:57] WERE YOU HERE OR NOT? OKAY. ALL RIGHT. SO MY NOTICE CORRECT. [49:04] GREAT LOOKING FOR A MOTION TO APPROVE THE JUNE 12TH MEETING [49:12] SYNOPSIS AS AMENDED I APPROVE THE JUNE 12TH 2025 PLANNING [49:19] COMMISSION MEETING SO NOT SYNOPSIS AS AMENDED SECOND. [49:26] ALL RIGHT, THERE'S A MOTION AND A SECOND. ALL THOSE IN FAVOR SAY I I THOSE OPPOSED AND THOSE WHO ABSTAINED CHRISTINE ALL RIGHT. [49:34] THAT MOTION PASSES. ITEM THREE ON THE AGENDA IS ALSO A STUDY ITEM. [49:40] WE ARE LOOKING FOR THE PLANNING COMMISSION POLICY AND ISSUES UPDATE PLANNING MANAGER JOHNSON YOU HAVE THE UPDATE. [49:49] >> THANK YOU, CHAIR ALL RIGHT. I'LL START AS ALWAYS WITH AGENDAS ON THE NEXT TO UPCOMING PLANNING COMMISSION MEETINGS ON JULY THE 10TH. [49:55] THE FIRST TIME ON THE AGENDA WILL BE SWEARING IN THREE NEW PLANNING COMMISSIONERS AS WELL AS SWEARING IN EXISTING COMMISSIONER ABDI SAY FOR HIS [50:04] NEXT TERM THREE NEW MEMBERS WILL BE SWORN IN JARED MUNSTER AND LENNY AND MADELINE SUMMERS. THEY'LL JOIN THE BOARD AT THAT [50:11] FIRST MEETING AND I ASSUME VICE CHAIR COOK JOHN WILL DO THE HONOR OF SWEARING THEM IN TO THEIR NEXT NEW ADVENTURE [50:18] . THE SECOND ITEM ON THE AGENDA IS A CONDITIONAL USE PERMIT FOR A SCHOOL RELOCATING FROM [50:25] ONE OFFICE BUILDING TO ANOTHER NEAR THE MALL OF AMERICA. THE THIRD ITEM IS A STUDY ITEM IT'S A TRANSPORTATION ITEM [50:32] PRESENTING YOU INFORMATION ON THE BLOOMINGTON FERRY ROAD CORRIDOR STUDY. [50:38] SO OUR TRAFFIC AND TRANSPORTATION STAFF WILL BE IN ATTENDANCE TO PROVIDE YOU AN UPDATE ON THAT PROJECT. [50:44] THE NEXT MEETING ON JULY 24TH IS SHAPING UP TO BE A VERY BUSY AGENDA. THE FIRST ITEM IS A COMPREHENSIVE PLAN AMENDMENT [50:52] AT ST MARK'S CHURCH TO RE GUIDE THAT SITE AT 8630 XERXES AVENUE FROM QUASI PUBLIC TO LOW DENSITY RESIDENTIAL IN THE [50:59] CAM PLAN AND THAT WOULD BE TO POTENTIALLY SUBDIVIDE THOSE PROPERTIES FOR A SINGLE AND [51:07] TWO FAMILY HOMES AT THAT LOCATION. AND SO THAT'LL BE PRESENTED TO YOU AS PART OF A PUBLIC HEARING THE PUBLIC HEARING [51:14] ITEM NUMBER TWO THE COMMUNITY HEALTH AND WELLNESS CENTER, THE ZONING ENTITLEMENTS WILL BE COMING BEFORE THE BOARD AT [51:19] THE NEXT AT THE JULY 24TH MEETING. SO THAT INCLUDES A COST PLAN AMENDMENT REZONING PRELIMINARY [51:25] AND FINAL DEVELOPMENT PLANS AS WELL AS A PLAT APPLICATIONS. SO A PUBLIC HEARING FOR THAT. AND THEN THE THIRD ITEM PLAN [51:32] FOR THAT MEETING IT WOULD BE A CITY CODE AMENDMENT THE AIRPORT EXCUSE ME THE AIRPORT PARKING ORDINANCE THAT WOULD [51:39] ALSO BE A PUBLIC HEARING AND THAT'S PLENTY. SO WE'RE PROBABLY GOING TO CLOSE THE AGENDA AT THAT ONE. [51:46] THAT IS THE UPCOMING ITEMS. ANY QUESTIONS ABOUT THE UPCOMING MEETING AGENDAS BEFORE I TRANSITION TO ONE [51:53] FINAL UPDATE THAT I SAW SOME ON THE 724 MEETING THE [52:00] CODE AMENDMENT FOR AIRPORT PARKING IS THAT PUBLIC HEARING OR STUDY ITEM THAT'S A PUBLIC HEARING. [52:06] THANK YOU AND AS A PUBLIC HEARING THANK YOU COMMISSIONER CUNNINGHAM AND THEN FINALLY I JUST THIS IS THE FUN, FUN PART [52:12] OR SAD PART FOR ME DEPENDING ON WHICH WAY YOU SLICE IT. BUT I JUST WANT TO ACKNOWLEDGE THAT THIS IS THE LAST PLANNING [52:17] COMMISSION MEETING FOR THREE OF OUR MEMBERS. I'LL START AND REVERSE TENURE. SO COMMISSIONER DAN CURRY FOR [52:23] TWO YEARS OF SERVICE TO THE BLOOMINGTON PLANNING COMMISSION COMMISSIONER JIM MCGOVERN WITH THREE YEARS OF SERVICE TO THE PLANNING [52:30] COMMISSION AND THEN FINALLY AND SPECIAL THANKS TO AVRIL ALBRECHT SERVING SIX YEARS ON THE PLANNING COMMISSION AS [52:38] WELL AS AN OFFICER POSITIONS SO MANY THANKS TO ALL OF YOU. I JUST WANT TO SHARE FOR THE COMMUNITY THAT IT IS A [52:43] SIGNIFICANT COMMITMENT. ALL THE MEMBERS UP HERE ON THE BOARD SPEND A LOT OF TIME NOT [52:49] JUST THE TIME UP HERE IN THE EVENING 2 TO 3 EVENING MEETINGS PER MONTH WITH NOT SIGNIFICANT FINANCIAL REWARD [52:57] AND SERVICE TO THEIR COMMUNITY . SO I JUST WANT TO THANK ALL THREE OF YOU FOR ALL THE SERVICE THAT YOU'VE PROVIDED [53:04] TO THE CITY OF BLOOMINGTON IN YOUR COMMUNITY. THERE'S A SIGNIFICANT NUMBER OF POLICY CHANGES THAT HAVE HAPPENED OVER YOUR TEN YEARS AS WELL AS DEVELOPMENT AND SO [53:12] WE'RE VERY GRATEFUL TO STAFF TO WORK WITH KIND AND THOUGHTFUL PEOPLE WHO CARE A LOT ABOUT BLOOMINGTON AND WE [53:19] VERY MUCH APPRECIATE YOUR SERVICE [53:27] . THANK YOU. YEAH I, I DON'T KNOW IF ANY OF MY FELLOW COMMISSIONERS WANT TO SAY ANYTHING BUT I, I DO WANT TO THANK MY FELLOW [53:32] COMMISSIONERS AS YOU ALL HAVE TAUGHT ME A LOT. A SPECIAL THANKS TO [53:39] COMMISSIONERS WHO AREN'T HERE WHO HAVE ALSO TERMED OUT. I HAVE LEARNED A LOT FROM YOU AND THEN OF COURSE STAFF HAVE [53:44] BEEN APPRECIATIVE OF ALL OF YOUR HELP AND GUIDANCE AS WE ARE ALL VOLUNTEERS BUT YOU [53:53] MAKE IT FUN SO I APPRECIATE THAT. [53:59] ALL RIGHT. ALL RIGHT. SEEING NOTHING ELSE THAT WILL [54:07] CLOSE OUT ARE JUNE 26TH, 2025 MEETING OF THE BLOOMINGTON PLANNING COMMISSION. >> THANK YOU