Mayor, I have something I would like to state before we approve this, which is 6D, which is the approval of the annual action plan. You know, I'm in agreement with most of that plan. I do want to just restate my objection to one part of that plan, which is the land banking part. I am not in favor of land banking.

These goldfish look tiny and cute, but they grow to be very very large and they're very very destructive to our environment. So, there's a lot of money and effort going into removing goldfish that have grown huge and become destructive.

One of the things we do here in our survey often is why don't we have more unique offerings of food and beverage in Woodbury? Of course, we have no control over that. Just so you know, that's all you know, the the the market deals with that. Private people come in decide what they want to do for businesses. We do not control what kind of food that and restaurants that we offer. But it's always nice when somebody wants to come and invest in our community and and have a new offering.

we take compliance very very seriously and so I encourage look at what we just talked about and and go go view the um uh the minutes of that of of our discussion about our commitment to public safety and and etc.

I just want to comment that this is a really revolutionary idea, and I'm sure we'll talk more about it, but um it's been a challenge that we've been dealing with for a long time, and that is as we keep shrinking lot size, we're not finding housing that as we talked before, is it affordable housing or housing that's affordable? We'd like to make sure that we can offer housing that's affordable, and this is one way to do it, but in the past as we've shrunk lots, houses maybe have not gotten cheaper. Builders build houses based on the profit that they want to make, and uh they've got small lots and expensive homes on them. So, this is a really revolutionary idea um to put a a a price requirement on it for the exchange of getting a 45-foot lot. So, I thank you for the innovation of offering that, and look forward to seeing how all that comes to fruition.

I think it's a a great step to try to um come up with creative ideas to offer what is considered attainable housing? Um but I don't think that we have enough safeguards in place for for a 45-ft lot 44 at five to give to give that variance to these people and the special uh and the and the special lot sizes. I don't think that we have enough in place to um make sure that that's going to happen and that it doesn't exceed.

Mayor and council just was going to mention you you kind of mentioned at the beginning this is an innovative idea. There's no guarantees it's going to work the way we want it to work. But at the end of the day these lots are going to be smaller and they will be less expensive than a lot that's 65 ft. At the end of the day there's a correlation there of they will be whether you want to say more affordable or less unaffordable, they will be that.

Because the sales tax revenues are coming in a lot more aggressively than were originally projected, we're able to keep this down to a 10-year issue, 10 years of principal payments, roughly 11 years from the date of closing. So, so that's good. And even with that, we anticipate those revenues are still going to exceed the debt service by by quite a bit. And so, you'll see in the report here as well that there is a a call feature, meaning that we can prepay the bonds after about 7 years.

you do carry a triple A rating with Standard & Poor's, which again is the highest rating that's available. No no to expect that that would change, but we'll work to uh schedule that. We have that call scheduled actually with them already and we'll have that discussion and a rating that will be assigned again to this bond issue as well.