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NO

[CALL TO ORDER]

[00:00:09]

YOU MEAN AWESOME MUSIC COMMISSION.

TODAY'S APRIL 5TH AND WE ARE ONLINE VIA WEBEX.

AND, UM, WE'RE GOING TO START THINGS, THINGS OFF WITH THE, UH, CITIZEN.

OH, WAIT, MUSICAL PERFORMANCE.

WAIT A MINUTE.

HOLD UP OLDER.

WE GOT

[MUSICAL PERFORMANCE]

A MUSICAL PERFORMANCES D MADNESS.

I SEE THE LOGO THERE WE ARE.

WE READY FOR THAT? IS THAT HAPPENING? OH, WAIT, INDEED.

WELCOME TO THE FIRST INAUGURAL.

I THINK, I THINK WE'RE MAKING HISTORY RIGHT HERE.

YEAH.

IS THAT RIGHT? OH MAN, WHAT'S UP D WHAT'S UP, MAN? YEAH, YOU LOOK A GOOD MAN.

IT'S LOOKING REAL FLY OVER THERE.

OKAY.

I SEE THE PLANTS AND EVERYTHING.

I THINK THIS IS THE FIRST INAUGURAL PERFORMANCE OF THE MUSIC COMMISSION.

AND, UH, WELCOME YOU, UH, D UH, GO AHEAD AND TAKE IT AWAY, MAN.

I AGREE.

THAT'S PETE THAT'S THE ONLY ISSUE AT ONE POINT.

GET TIRED.

THAT'S ALL.

WE'D NEED TO SEE BLACK, WHITE, RED, BROWN IN THE SCORE.

[00:05:18]

ALL RIGHT.

GOOD.

THANKS.

THANKS.

GOOD.

THANKS.

THE MAN IS MULTI-INSTRUMENTALIST LEGEND AUSTIN.

GREAT, MAN.

THANK YOU SO MUCH, DEE.

THANK YOU, BRIAN.

MAKING HISTORY TODAY DEFINITELY OPENED UP THE HEART CHAKRA A LITTLE BIT, GOT THINGS OPEN.

I'M REALLY, UH, REALLY, UH, EXCITED.

IT MADE ME FEEL GOOD.

THANK YOU.

DI MADNESS.

APPRECIATE IT.

THANK YOU.

NO PROBLEM.

ALL RIGHT, WE'RE

[CITIZEN COMMUNICATION: GENERAL]

GOING TO GO ON TO, UH, UH, CITIZENS COMMUNICATION.

LET ME SEE, LET ME OUT MY LIST HERE.

I GOT ALL THESE WINDOWS OPEN.

UH, WHERE ARE YOU? OKAY.

WE HAVE 10 PEOPLE, UH, SCHEDULED TO SPEAK TONIGHT.

THE FIRST IS A SONYA, SONYA, SONYA, YVETTE.

YEAH.

TALK AT THIS AS CAM I THINK SONYA SONYA HAS DROPPED.

UM, SO SHE MIGHT DIAL BACK IN AND SHE WAS GOING TO SPEAK ON ITEMS, UH, FOUR A AND THREE C.

I BELIEVE THAT THERE, THERE ARE SEVERAL THAT ARE GENERAL COMMUNICATIONS, UH, DUSTY SAXTON DAVID GOODJOHN, UH, AGGIE SANCHEZ, JENNY RAMIREZ OR ISLE GENERAL COMMUNICATIONS.

OKAY.

GOT A DAVID GOUJON.

OKAY.

PRESENCE.

CAN YOU ALL HEAR ME OKAY? YES, SIR.

ALL RIGHT, WELL I'LL GO AHEAD AND GET STARTED.

UM, GOOD EVENING EVERYBODY.

MY NAME IS DAVID GOUJON AND I HAVE THE PLEASURE OF SERVING AS YOUR CHAIR OF THE MEXICAN AMERICAN CULTURAL CENTER ADVISORY BOARD.

UM, I WANT TO FIRST THANK YOU ALL VERY MUCH FOR THE SERVICE THAT YOU'VE ALL SHOWN TO OUR CITY IN THE PAST YEAR, ESPECIALLY IN LIGHT OF THE PANDEMIC AND THE STRUGGLES AND THE TRIALS AND TRIBULATIONS, WE'VE ALL GONE THROUGH TO BE ABLE TO HELP SUPPORT OUR COMMUNITIES.

WHAT SHOULD THIS YEAR REALLY REVEALED TO THEM? WELL, WHEN I THINK ABOUT THAT, I THINK ABOUT, UM, WELL, SOME OF THE ISSUES AND ITEMS THAT WE'RE ALL HOPEFULLY BEGINNING TO THINK ABOUT AND PLAN FOR, WHICH IS HELPING TO GET AUGUST BACK TO WORK IN AN EQUITABLE WAY.

UM, AT THE END, I'M GONNA ASK ABOUT THE MEXICAN AMERICAN CULTURAL CENTER.

WE LIKE THE MUSIC AND ARTS COMMISSION ARE BENEFACTORS OF THE 2018 BOND INITIATIVE, WHERE WE ARE ABLE TO FORESEE THE EXPANSION OF OUR CENTER INTO A NEW REALITY.

THROUGH THIS PROCESS, WE HAVE ACHIEVED, WE HAVE STRIVE TO LISTEN TO OUR COMMUNITY MORE TO WHAT THEY'RE ASKING FOR.

AND THROUGH THAT PROCESS, WHAT WE HAVE LEARNED IS THE NEED TO CREATE A MUSIC HUB AT THE EMMA, ESPECIALLY IN THOSE MEXICAN-AMERICAN CULTURAL CENTER, AS PART OF OUR PHASE TWO EXPANSION, UH, THE MUSIC HUB IS SOMETHING THAT IN OUR OPINION HAS BEEN, UH, MUCH NEEDED IN THIS COMMUNITY FROM ITS HAY DAY.

FROM THE TIME THAT WE CREATED THE, THE SELF-TITLED MUSIC CAPITAL OF THE WORLD, WE ARE HOPING TO CREATE A CENTER THAT IS A PLACE WHERE MUSICIANS CAN COME, UH, SHARE THEIR TALENTS AND REALLY BROADCAST TO THE WORLD.

SINCE THE CREATIVE SPACES BOND, WE HAVE REALLY BEEN EXCITED TO SEE THE T THAT THOSE FUNDS COULD BE UTILIZED FOR THE BEST GOOD.

UH, WE WERE ALL MORE EXCITED TO HEAR A YEAR AGO WHEN THE RFI AND OUR FEUD ULTIMATELY CAME OUT FOR, UH, CONCEPTS AND IDEAS, AND TO LEARN THAT THE MUSIC WAS SOMETHING THAT WAS BEGINNING TO REALLY KIND OF SHOW IT'S THE LIGHT OF DAY AT THE MS. BUDDY MPLUS MEXICAN AMERICAN CULTURAL CENTER ADVISORY BOARD.

WE HAVE PASSED VARIOUS MOTIONS, UNANIMOUSLY APPROVED IN SUPPORT OF THIS MUSIC HUB WITH A LETTER TO CITY COUNCIL AND THE MAYOR PRO TEM, UH, COMING OUT VERY SOON IN SUPPORT OF THE MUSIC HUB THROUGH THE CREATIVE SPACES, BOND OR ALTERNATIVE MEANS.

WE ALSO LIKE YOU ALL ARE INTERESTED IN VALUATING, THE CREATIVE SPACES, RECOVERY MONEY, AND LIVE MUSIC FUNDS FOR ITS MOST EQUITABLE AND TRANSPARENT USE TO HELP GET AUGUST BACK TO WORK.

THE MAC CONTINUES TO BE IN DISCUSSIONS WITH THE CITY, WITH AUSTIN CITY COUNCIL, THE MAYOR, COMMUNITY LEADERS, ECONOMIC DEVELOPMENT DEPARTMENT, PARKS AND RECREATION DEPARTMENT, AND THE LATINO ARTISTS COMMUNITY.

AT LARGE, WE WANT TO CONTINUE

[00:10:01]

A VERY COLLABORATIVE EFFORT, NOT JUST WITH OUR OWN COMMUNITY, BUT WITH ALL OF OUR NEIGHBORS THROUGH THE UPCOMING STRATEGIC, UH, JOINT COMMITTEE, UH, BEING CREATED, BUT THE ARTS QUALITY OF LIFE, COMMUNITY, THESE COMMISSIONS IN THE MEXICAN AMERICAN CULTURAL CENTER ADVISORY BOARD, WE VERY MUCH LOOK FORWARD TO THIS COHESIVE UNIT, WHETHER YOU'RE ABLE TO SHARE IDEAS, SUPPORT EACH OTHER MORE BROADLY, UM, AND, AND REALLY BE ABLE TO SEE THE NEEDS OF THE CAME IN AND SYRUP COMES TO THE FOREFRONT OF THESE CONVERSATIONS.

THANK YOU ALL VERY MUCH.

THANK YOU.

UM, OUR NEXT SPEAKER IS AUGGIE SANCHEZ, AUSTIN TO HANO MUSIC COALITION.

HELLO? HELLO.

HELLO? DID I GET DISCONNECTED? I THINK YOU CONNECTED.

THANK YOU.

OH, OKAY.

SORRY ABOUT THAT.

HI, UH, COMMISSIONERS.

NICE TO BE WITH YOU TODAY.

UH, I'M MAGGIE SONIA SANCHEZ WITH THE AUTONOME MUSICAL ASSERTION.

I'M THE PRESIDENT OF THE COALITION.

THE COALITION HAS BEEN, UH, TOGETHER FOR ABOUT 17 YEARS.

AND, UM, REGARDLESS OF THAT, IT SEEMS LIKE WE'RE HAVING, WE HAVE A HARD TIME.

UM, I GUESS, UH, BEING INCLUDED IN DISCUSSIONS WHEN, UH, THE CITY'S TALKING ABOUT THE HUDDLE MUSIC, UH, OUR MUSIC PERIOD.

OKAY.

UH, WE, OUR BOWLS ARE TO PROMOTE AND EXPAND THE HUNTER MUSIC AND, UH, IN AUSTIN AND THROUGHOUT, UM, THE NATION.

BUT, UM, I KINDA HAVE TO EXPLAIN A LITTLE BIT WHAT, HOW MUSIC IS BECAUSE A LITTLE BIT DIFFERENT, YOU KNOW, A LOT OF PEOPLE THINK THAT THE HUNTER MUSIC IS JUST SPANISH MUSIC AND THAT ARE LATINO MUSIC AND IT IS NOT IT, UH, HEY, IF YOU, IF YOU SING IN ENGLISH AND YOU SING GOSPEL COUNTRY BLUEGRASS OR WHATEVER ROCK, IT'S NOT THE SAME KIND OF MUSIC AND SAME APPLIES TO THE HANO MUSIC, IT'S TOTALLY TOTALLY DIFFERENT.

SO, UM, OUR GOALS ARE TO EXPAND AND PROMOTE OUR MUSIC.

UM, AND WITH THAT SAID, I WOULD LIKE TO, UH, HAVE THE COMMISSIONERS COMMIT TO TRYING TO, UM, CONTINUE TO, TO PROMOTE THE HUNTER MUSIC WITH US.

UM, ALSO RECOMMEND THAT, UM, THE BUDGET THAT WOULD BE INCLUDED IN BUDGET MEETINGS, UH, FOR, UH, TO INCLUDE THE HUDDLE MUSIC, UH, AS A RESULT, WE HAVE NOT HAD A LOT OF, UH, MONEY OR FUNDS, UM, GIVEN TOWARD OUR MUSIC.

UM, WE HAVE A COUPLE OF FLAGSHIP, UH, PROGRAMS THAT WE DO HERE IN, AT THE COALITION.

UH, OF COURSE WE DO SINGLE THE MILES , UH, KIND OF EVENTS, BUT WE ALSO ARE INVOLVED WITH THE, UM, BROWN SANTA OR, UH, CHRISTMAS, UH, FOR THE TOY DRIVE AND OUR FLAGSHIP, UH, DONALD IDA, WHICH IS KIND OF LIKE AMERICAN IDOL.

BUT WITH HANUKKAH MUSIC THIS YEAR WILL BE OUR 10TH YEAR.

AND, UH, WE ARE WANTING TO REALLY, UH, PUT ON A SPECIAL, UH, EXTREMELY SPECIAL SHOW, UM, FOR OUR CONTESTANTS THIS YEAR.

UM, WE HAVE CELEBRITY JUDGES THAT GET INVOLVED WITH US.

UM, AND, UH, BASICALLY WHAT I WANT TO DO IS JUST ASK THE COMMISSION TO PLEASE REMEMBER THAT, YOU KNOW, THE HUNTER MUSIC IS HERE IN AUSTIN, UM, TO INCLUDE US, UH, WHENEVER YOU GUYS HAVE DISCUSSIONS REGARDING BUDGETS.

UM, AND, UM, AND, AND YEAH, TO INVOLVE US IN, IN ALL CITY, UM, MUSICAL EVENTS, UH, SUCH AS MUSIC IN THE PARK, YOU KNOW, UH, SOUTH BY SOUTHWEST CITY CONCERTS THAT ARE GOING ON AROUND THE CITY AND STUFF LIKE THAT.

UH, NONE OF THAT, UH, THOSE EVENTS HAVE EVER INCLUDED THE HUNTER MUSIC.

AND I WANT US TO BE ABLE TO WORK TOGETHER, UH, TO MAKE SURE THAT WE ARE INCLUDED IN THOSE EVENTS.

UM, WHEN YOU GUYS COME UP WITH THOSE TYPES OF EVENTS OR WHATEVER, UM, WE'RE ALL OFTEN NOT INCLUDED.

SO, UM, YEAH, AND IT WAS, IT WAS REALLY DIFFICULT.

IT'S REALLY DIFFICULT FOR US BECAUSE IT TOOK ME ABOUT WHAT FOUR DAYS TO FIND ABOUT THIS MEETING TODAY.

I DIDN'T KNOW THE TIME, THE PLACE, UM, YOU KNOW, I WAS EMAILING PEOPLE BACK AND FORTH AND I HAD PROBLEMS, UM, WITH TRYING TO GET THAT INFORMATION.

SO, YOU KNOW, I KIND OF FEEL LIKE, YOU KNOW, BEING LEFT OUT.

[00:15:01]

UM, AND SO IF YOU COULD JUST INCLUDE US IN THESE TYPES OF THINGS, WE WOULD REALLY APPRECIATE IT AND THAT'S BASICALLY IT FOR ME.

OKAY.

THANKS.

THANK YOU.

THANK YOU VERY MUCH.

APPRECIATE IT.

I DID, I DID ENJOY THE ENDING OF THIS, UM, OF THE MEETING, UH, INCLUDING, UM, UH, ENTERTAINER TO SING.

UH, I THOUGHT THAT WAS A GREAT IDEA.

YOU SHOULD INCLUDE THE HANDLE ME.

YES, WE, UH, UNDOUBTEDLY WILL.

UH, WE'RE UH, THIS IS OUR FIRST, UH, UH, FIRST TIME DOING IT AND WE'RE GOING TO ACTUALLY BE TALKING ABOUT THE PROCESS OF SELECTING PEOPLE TO PERFORM TODAY.

SO PLEASE, UH, STAY TUNED IF YOU CAN, TO THE MEETING AS WE GO ON, UM, GENIE .

HI EVERYBODY.

UM, THANK YOU A LOT FOR LETTING ME SPEAK TODAY.

UM, I WANT TO, I KNOW THIS MIGHT SEEM OFF THE CHARTS, BUT YOU KNOW, IF YOU KNOW ME, IT'S NOT OFF THE CHARTS, BUT, UH, I JUST WANT TO SAY PUBLICLY THAT I THINK WE HAVE ONE OF THE WORST GOVERNORS IN THE HISTORY OF TEXAS.

UM, AS AN ARTIST, I FEEL THAT, YOU KNOW, I WANT TO BE ABLE TO EXPRESS MYSELF POLITICALLY, UM, ABOUT THE LACK OF COMPASSION AND CARING OF THE PEOPLE HE HAS.

HE'S BEEN SITTING ON A RAINY DAY FUND FOR GOD, KNOWS HOW MANY MONTHS NOW.

UM, AND IT WAS AN EXTENSIVE AMOUNT OF MONEY WHERE HE COULD HAVE DONE A TEXAS STIMULUS CHECKS FOR ARTISTS, ALL THE PEOPLE THAT WERE UNEMPLOYED, YOU KNOW, THAT WERE NOT ARTISTS, UM, BACKLINE PEOPLE, YOU NAME IT, ANYBODY THAT, YOU KNOW, UH, RESTAURANT, UH, SERVICE PEOPLE, ALL OF THAT.

AND, UM, I JUST, YOU KNOW, FOR THE RECORD, ONE IS TO SAY THAT I THINK HE, YOU KNOW, HE'S RESPONSIBLE FOR THESE TEXAS MURDERS AND WE HAVE THIS PAST WINTER AND, UM, HE'S NOT SHOWED ANY REMORSE, NO RESPONSIBILITY.

AND I THINK THAT, YOU KNOW, HE'S GOT THIS TEXAS SENATE AND HOUSE THAT WE HAVE HERE HAVE BEEN GETTING AWAY WITH SO MUCH.

AND I THINK THAT AS A MUSICIAN, I WANT TO BE RESPON.

I WANT TO BE ABLE TO CHIME IN ON HOW I FEEL ABOUT THAT.

YOU KNOW, HE'S, HE'S NOT, UM, ACCESSIBLE, SO, AND HE DOESN'T LISTEN TO ANYBODY.

SO, UM, I JUST THINK AS AN ARTIST, HE COULD HAVE HELPED, I JUST WANNA SAY THIS, THAT HE COULD HAVE HELPED SO MANY PEOPLE, UM, I DON'T KNOW, WHAT'S GOING TO BE SAID FOR THE RACISM, SYSTEMIC RACISM, WORKING GROUPS.

SO I HAVE, YOU KNOW, THE ONLY THING I ALWAYS SAID WAS, UM, I JUST WANT EQUITY AND, UM, AND, AND HOW EVERYONE'S TREATED, YOU KNOW, UM, I, I'M NOT A FINANCIAL PERSON.

THAT'S NOT WHAT I WENT TO SCHOOL FOR.

SO I WOULD JUST HOPE THAT THIS IS IN YOUR HANDS, THAT EVERYBODY WOULD JUST BE, YOU KNOW, UH, INCLUDED.

I THINK THAT'S THE MAIN THING.

UM, AND AS A WOMAN ARTIST, I'VE SAID THIS BEFORE THE LATINO ARTISTS, UM, IF, YOU KNOW, YOU THINK YOU HAVE IT HARD AS A MALE ARTIST IN THE MUSIC INDUSTRY AND YOU HAVE BROWN SKIN OR BLACK FRIEND, AND YOU'RE A WOMAN IT'S EVEN HARDER, YOU KNOW? SO, UM, IT, IT'S BEYOND, THERE'S JUST TOO MANY ADVERSITIES THAT YOU HAVE TO OVERCOME, BUT WE'RE ALL IN IT BECAUSE WE LOVE DOING THIS AND, YOU KNOW, I'M TENACIOUS JUST LIKE EVERYBODY ELSE HERE, THAT'S LISTENING.

UM, WE WOULDN'T BE DOING THAT.

WE WEREN'T.

UM, AND SO, UH, I KNOW I NOTICED THAT THERE'S GOING TO BE A SECRET LATER ABOUT A WOMAN WORKING POTENTIAL GROUP.

AND ALL I SAY TO THOSE WOMEN THAT ARE, I DON'T KNOW THEM, BUT I DID DO SOME RESEARCH AND I THOUGHT THEY WERE INCREDIBLE.

UM, I WOULD JUST HOPE AGAIN, UH, TO BE INCLUDED, UM, AS A LATINO ARTISTS AND FOR THEM TO BE INCLUSIVE TO EVERYBODY, ALL THE WOMEN, UH, ESPECIALLY MINORITY WOMEN.

AND, UM, I THINK THAT'S PRETTY MUCH IT.

I MEAN, I JUST, RIGHT NOW JUST, I'M JUST STILL, YOU KNOW, I THINK GOVERNOR ABBOTT WANTS PEOPLE TO FORGET WHAT HAPPENED.

YOU KNOW, WE SUFFERED IN MY HOME PERSONALLY, JUST LIKE A LOT OF, YOU KNOW, MILLIONS OF PEOPLE ACROSS TEXAS, UM, AND YOU KNOW, 55 HOURS PLUS THERE'S NO ELECTRICITY.

AND, UH, AND THEN EVERYTHING WENT OFF.

IT WAS TERRIBLE.

AND I JUST DON'T, I JUST WANT TO SAY THAT PUBLICLY FOR THE RECORD, HOW I FEEL ABOUT HIM.

AND, UM, I JUST, UM, YOU KNOW, IN A NUTSHELL, I, I, OH, CODY COWEN, I KNOW YOU DON'T KNOW ME, BUT, UM, I I'M SINGING LADY BANANA BREAD OFF.

RIGHT.

I THINK I'VE WRITTEN YOU A LETTER, BUT, UH, I JUST WANT TO THANK YOU FOR MY HEB CARD THAT CAME IN, UH, AT THE RIGHT TIME AND NEEDED IT AND THANK YOU SO MUCH.

UM, AND SO ANYWAY, THAT'S IT, THEY FILL OUT, YOU'LL HAVE A GREAT MEETING.

THANK YOU.

THANK YOU.

UM, ALLAH MASIA I THINK A SPEAKING ON A SPECIFIC ITEM.

CRAP.

I DON'T HAVE THE ITEMS IN FRONT OF ME.

I JUST HAVE THE NAMES.

OKAY.

I THINK WE'VE GOT THE NEXT PERSON FOR GENERAL COMMUNICATION.

WE HAVE IS DUSTY SAXTON.

OH, OKAY.

I HAVE ON THE NEXT BIT DUSTY, DUSTY, SEXY.

[00:20:01]

YOU THERE? DUSTY.

DUSTY HAS DROPPED OFF.

OKAY.

I GUESS WE MIGHT HAVE DIFFERENT LISTS, BUT I GOT KEVIN RUSSELL.

NEXT.

IS THAT RIGHT? I THINK KEVIN, I THINK IS ALSO SPEAKING ON AN ITEM.

I THINK THAT'S IT.

I THINK THAT'S IT FOR A GENERAL COMMUNICATION AND THEN WE HAVE PEOPLE SPEAKING LATER ON SPECIFIC.

I THINK WE HAVE THE WAIT UNTIL WE INTRODUCE THE ITEM.

IS THAT RIGHT? CAM, WE USED TO DO THAT, BUT NOT IN THESE, UH, VIRTUAL MEETINGS.

IS THAT RIGHT? SORRY.

WHAT'S THE QUESTION.

DOES EVERYONE SPEAK NOW WHO'S CALLING IN OR DO THEY WAIT FOR THEIR PARTICULAR ITEM? IT FELT WE HAD BEEN DOING ALL OF THESE UP TOP DURING THE VIRTUAL MEETINGS, BUT WE JUST NEED SOME CLARIFICATION.

YEAH, WE HAD BEEN, BUT A COUPLE OF MEETINGS AGO OR SO THAT RULE CHANGED AND WE STARTED DOING GENERAL COMMUNICATIONS UPFRONT AND THEN SPEAKERS WERE ABLE TO SIGN UP FOR ITEMS AGAIN, LIKE BEFORE.

SO THE NEXT, UM, THE NEXT ITEM WOULD BE AUTOMATICALLY ALL UNDER THREE A.

UM, SO THAT WOULD BE THE NEXT, WHEN WE GET TO THAT ITEM.

YES.

YES.

OKAY.

MY APOLOGIES.

WHAT? I'M SORRY.

NO, THIS IS ANA.

I MEAN, COMMISSIONER EARLIER, THIS IS SONIA THAT I'M STILL HERE.

OH, OKAY.

IS, UH, IS IT OKAY IF WE LET SONYA SPEAK, UH, KIM OR YES.

AND IT WAS SIGNED UP FOR ITEM FOUR, A AND THREE C THAT'S THE CREATIVE BOND, UH, THE CREATIVE SPACE BOND AND THE LIVE MUSIC FUND ITEMS. OKAY.

OKAY.

SO LET'S JUST MAKE A DECISION AS A GROUP HERE.

WE'RE GOING TO, WE'RE GOING TO DO IT, UH, ON THE ITEMS OR ARE WE GOING TO DO THESE SPEAKERS AT, UH, AT, AT THE TIME SAY WE DO IT ON THE ITEMS SO THAT WAY WE CAN ASK QUESTIONS AND THEY AREN'T LIMITED TO THREE MINUTES.

WELL, UM, ANA THEN, AND SONIA, SINCE YOU'RE SPEAKING ON ITEMS, LET'S HAVE YOU JUST HOLD ON TIGHT.

OKAY.

SOUNDS GOOD.

KEVIN AND KEVIN AND PATRICK AND EVERYBODY ELSE THE COMMISSION.

I CAN SOMEONE SAY SOMETHING, SORRY, SOMEONE, SOMEONE SPEAKING THAT WAS FEEDBACK.

SORRY ABOUT THAT.

YOU DON'T HAVE TO WORRY ABOUT IT.

OKAY.

ALL RIGHT.

SORRY.

ALL RIGHT.

WE'RE UH, ONTO

[1. APPROVAL OF MINUTES]

THE APPROVAL OF MINUTES.

UM, OKAY.

OKAY.

AND SHANNON SECONDS ALL IN FAVOR.

AYE.

OKAY.

ANYONE OPPOSE? ALL OPPOSED.

ALL RIGHT.

LOOKS LIKE THAT.

PASSED UNANIMOUSLY HERE.

ALL RIGHT.

[2. CHAIR’S REPORT]

SO WE, UH, I THINK IT WAS ABOUT A WEEK AGO, UH, DOUG, UH, ASKED TO KIND OF BRING THIS PART OF THE AGENDA BACK, UH, THAT LEFT COMMISSIONER LEVITAN, UM, THE CHAIR'S REPORT.

AND SO, UM, WE'RE ADDING THIS BACK INTO THE, WE HADN'T REALLY BEEN DOING IT, BUT, UM, ONE THING I THINK I WOULD LIKE TO JUST, UM, GET A COMMITMENT FROM YOU ALL AS COMMISSIONERS TO, UM, JOIN, UH, ONE OF THE, ONE OF THE WORKING GROUPS, UM, THAT'S GOING TO BE FOREIGN.

WE HAVE, I FEEL LIKE OVER THE LAST FEW MONTHS THERE HAVE BEEN, THERE'S BEEN A LOT OF ENERGY IN THE MUSIC COMMISSION, UM, AMONGST A HANDFUL OF COMMISSIONERS, BUT I WOULD LIKE TO SEE MORE, A LITTLE BIT MORE PARTICIPATION FROM ALL OF OUR COMMISSIONERS TO MAKE THIS AS MUCH OF A ROBUST ENTITY AND ENERGY AS WE CAN.

SO, UM, WHAT I WOULD LIKE TO INVITE YOU ALL TO DO IS TO TRY AND FIND A COMMITTEE THAT WE'RE, UH, TALKING TO THIS AGENDA EQUITY COMMITTEE, THAT'S GOING TO BE FORMED.

IT LOOKS LIKE TONIGHT WE HAVE SYSTEMIC RACISM WORKING GROUP, UH, COMMITTEE.

UM, AND,

[00:25:02]

UM, THAT'S WHAT WE HAVE RIGHT NOW, BUT I WOULD REALLY LIKE TO ENCOURAGE, UM, ALL OUR COMMISSIONERS TO, UM, TO FIND, UH, A SOMETHING WITHIN THE MUSIC COMMISSION TO, TO, TO BE A PART OF, UM, IF NOT LIKE, YOU KNOW, ONE OF THESE TWO COMMITTEES, THESE MIGHT NOT BE, UM, LET'S, LET'S, UH, FIND SOMETHING.

UM, I THINK, UH, YOU KNOW, EVERYBODY'S COMMITMENT IS SOLID IN TERMS OF PARTICIPATION, BUT I FELT LIKE I'VE BEEN FEELING A LITTLE BIT LIKE, YOU KNOW, A HANDFUL THAT'S DOING A LOT OF THE LIFTING, THE HEAVY LIFTING, AND IT WOULD JUST BE GREAT TO SEE, UM, A LITTLE BIT MORE PARTICIPATION FROM, UH, UH, FROM, FROM ALL OF US.

UM, SO THAT'S, THAT'S WHAT I WANTED TO, TO BRING TO THE TABLE.

UM, DOES ANYONE HAVE ANY THOUGHTS OR CONCERNS OR QUESTIONS JUST GOING TO THROW IN THE WEIRD CHALK? AND I CAN'T REMEMBER ABOUT, UH, LAND USE, UH, UH, JOINT WORKING GROUP WITH THE ARTS THAT HAD BEEN EXISTING DURING THE CODE NEXT PROCESS AND POSSIBILITY OF RECONSTITUTING THAT, SO THAT'S ANOTHER ONE THAT'S BEEN DISCUSSED AROUND THE TABLE.

THAT IS CORRECT.

THAT IS CORRECT.

UM, AND THAT IS ONE THAT WE COULD, WE COULD, UH, POSSIBLY CREATE.

I THINK THAT'S AN IMPORTANT, IMPORTANT, UH, TOPIC, LAND USE, AND DEVELOPMENT.

UM, WE HAVE SOMEONE FROM ABC, UM, SPEAKING TODAY.

SO AGAIN, THERE ARE SO MANY ISSUES, UH, AND YOU KNOW, I'M, I'M, YOU KNOW, I APPRECIATE EACH ONE OF YOU.

I DON'T WANT ANYONE TO TAKE THIS PERSONALLY OR WHATEVER, BUT, YOU KNOW, I SIGNED UP, SIGNED UP TO, TO, TO BE A LEADER AND TO BE A PART OF THIS.

AND, UM, YOU KNOW, WE HAVE SOME NEW MEMBERS COMING IN AND BRING A NEW ENERGY, WHICH I'M EXCITED ABOUT.

UM, BUT FOR THOSE THAT HAVE BEEN HERE, UM, YOU KNOW, I REALLY ENCOURAGE YOU TO, YOU KNOW, FIND, UH, A WAY TO PARTICIPATE A LITTLE BIT MORE BESIDE, LET ME JUST SAY, BESIDES JUST SHOWING UP TO THIS MEETING EVERY MONTH, UM, THAT'S NOT QUITE ENOUGH.

UM, WE, WE NEED MORE OF YOUR VOICE.

WE NEED MORE YOUR IDEAS, UM, AND, AND YOUR PARTICIPATION.

UM, IT'S, THERE'S NOTHING I DON'T WANT TO DOWNPLAY THAT TYPE OF EFFORT OF COMING HERE EVERY MONTH AND, AND, AND, AND LENDING YOUR, YOUR INSIGHTS AND YOUR VOTES IN, IN, IN YOUR, IN YOUR THOUGHTS.

BUT, UM, YOU KNOW, WE'RE, WE'RE OBVIOUSLY IN A CRISIS IN A LOT OF, IN A LOT OF WAYS, IN MANY DIFFERENT WAYS, ZEKE WITHIN SO MANY AREAS OF JUST CIVIC LIFE IN GENERAL, BUT, YOU KNOW, YOU SIGN UP TO BE A PART OF THE MUSIC AND TO HELP CREATE SOLUTIONS FOR OUR MUSIC COMMUNITY.

AND WE NEED YOUR IDEAS.

WE NEED YOUR THOUGHTS, WE NEED YOUR PARTICIPATION.

AND AGAIN, UM, COMING TO THIS MEETING IS KIND OF THE BARE MINIMUM AND, YOU KNOW, WHATEVER WAYS THAT WE CAN, WE CAN COME UP WITH TOGETHER FOR YOU TO, TO BE INVOLVED.

I LIKE TO SEE A GREATER PARTICIPATION.

UM, THAT'S, THAT'S JUST WHAT I WANTED TO ADDRESS THROUGH MY LITTLE REPORT HERE.

AND, UM, I, AGAIN, I, AGAIN, I'M NOT, THIS IS NOT ANYTHING PERSONAL.

I, I THINK EVERYONE IS, IS GREAT, BUT, UM, FIND A WAY, FIND A WAY IN, FIND A WAY TO, YOU KNOW, LEND SOME OF YOUR GREAT KNOWLEDGE AND YOUR GREAT EXPERTISE TO THIS GROUP SO THAT WE CAN, YOU KNOW, DO MORE FOR OUR MUSIC COMMUNITY.

THAT'S OBVIOUSLY HURTING CONSIDERABLY RIGHT NOW AND GOING THROUGH A LOT.

OKAY.

IF ANYBODY ELSE HAS ANY THOUGHTS ON THAT, UM, WE CAN, IF NOT, WE'RE GOING TO MOVE ON TO THE OTHER, THE TWO THINGS THAT SEEM IMMEDIATE, SORRY, ARE EVERY YEAR THERE IS QUESTIONS ABOUT THE BUDGET PROCESS AND FUNDING FOR MUSIC.

AND THAT SEEMS TO BE AN ONGOING QUESTION.

AND THEN THERE'S MOST IMMEDIATELY A PANDEMIC RELIEF, UH, QUESTION ABOUT WHAT, LIKE, HOW IS MONEY THAT THE FEDERAL GOVERNMENT IS PUTTING OUT, HOW IS LOCAL MONEY GOING TO AFFECT MUSIC AND ARTISTS AND VENUES AND ALL THAT.

AND HAVING A GROUP IN ADDITION TO THE LAND USE THING, A GROUP THAT UNDERSTANDS THE BASIC ECONOMIC PROCESSES, FUNDING PROCESSES, THE STATE OF WHICH THE VARIOUS, UH, MONIES THAT HAVE BEEN ALLOCATED TO MUSIC ARE IN, AND JUST BEING ENGAGED IN THAT AND NOT BEING ABLE TO REPORT ON THAT, I THINK WOULD BE VERY HELPFUL.

TWO GREAT SUGGESTIONS.

I THINK WE CAN RAISE THOSE FOR, UM, YOU KNOW, FOR DISCUSSION.

UM, BUT I JUST WANTED TO BRING THAT TO THE TABLE.

I THINK, YOU KNOW, OBVIOUSLY THERE'S A LOT OF WORK TO BE DONE AND I KNOW ALL OF US ARE BUSY AND WE HAVE OUR OWN LIVES.

TRUST ME, I UNDERSTAND THAT BETTER THAN A LOT IS A LOT GOING ON, BUT AGAIN, UM, YOU KNOW, YOU MADE THE COMMITMENT, UH, TO BE OF SERVICE TO THE MUSIC COMMUNITY.

AND, UM,

[00:30:01]

YOU KNOW, WE NEED, WE NEED YOUR THOUGHTS.

WE NEED YOUR INSIGHT, WE NEED YOUR, YOU KNOW, YOUR ENERGY.

UM, SO WE HAVE TO WORK IN GROUPS THAT ARE BEING FORMED.

ONE IS SYSTEMIC RACISM, THE WORKING GROUP.

WE'RE ALSO TALKING ABOUT PROPOSING A GENDER EQUITY GROUP.

WE HAVE SOME LAND DEVELOPMENTS, UM, OPPORTUNITIES, AND SOME OTHER THINGS THAT WE CAN CREATE.

UM, THERE'S SO MANY DIFFERENT AREAS.

I KNOW FOR ME PERSONALLY, UM, EQUITY HAS BEEN MY FOCAL POINT.

UM, BUT WHAT'S YOURS, YOU KNOW, BRING SOMETHING TO THE TABLE THAT WE CAN, UM, THAT WE CAN BRING, OR MAYBE THROUGH THE SUGGESTIONS THAT WE'RE GETTING FROM FOLKS.

WE CAN CREATE SOME WORK IN GROUPS, UM, OR, YOU KNOW, JUST, JUST TO OFFER MORE SOLUTIONS AND MORE, MORE IDEAS FOR OUR COMMUNITY, UM, FOR OUR MUSIC COMMUNITY.

UM, THAT'S, THAT'S IT FOR THE DAY WE GOT A LOT TO TALK ABOUT, SO I WANTED TO KEEP IT SHORT.

OKAY.

CHUCK, CHUCK, AND THIS, THIS IS IMPORTANT BECAUSE THERE'S AN, THERE WAS AN EMAIL THAT WENT OUT WITH DOCUMENT THAT WE HAVE WORKED ON TALKING ABOUT THE BUDGET, UH, THAT THAT WAS REQUESTED.

AND WE HAD TO COME TOGETHER AND, AND PUT IT TOGETHER VERY QUICKLY.

COULD WE PUT TOGETHER A WORKING GROUP SPECIFICALLY TO PUT MORE, UM, VERY LIMITED IN SCOPE, BUT TO PUT MORE DETAILS AROUND THAT BUDGET, RIGHT.

WE'RE REQUESTING, UH, IT WAS AN EMAIL THAT'S GONE OUT TO ALL THE MUSIC COMMISSIONERS ABOUT THE MONEY THAT WE'LL BE REQUESTING.

COULD THAT BE WORKING GROUP THAT WE COULD DECIDE ON TONIGHT? POSSIBLY.

I THINK THEY CAN.

I'M NOT SURE IF THIS IS THE TIME TO MAKE THAT A MOTION.

I THINK DURING FOUR B IT WOULD BE A GREAT TIME BECAUSE IT'S SPECIFICALLY ABOUT A BUDGET RECOMMENDATIONS, AND I THINK WE CAN BROADEN IT TO, UH, UNDERSTANDING OF THE ECONOMIC AND FUNDING PROCESS.

SO IT CAN BE AN ONGOING GROUP WHO IS AN EXPERT IN THOSE AREAS WOULD BE MY THOUGHT ARE SUFFICIENT, BUT WE HAVE THAT AGENDA LIGHTING.

YES.

OKAY.

JUST, JUST TELEGRAPHING.

YEAH, ABSOLUTELY.

I DEFINITELY, I DEFINITELY THINK WE HAVE, WE HAVE ROOM IN HERE TO MAKE THESE MOTIONS, TO CREATE OTHER GROUPS AND TO, TO FORM MORE OF A ROBUST AND A ROBUST GROUP.

THAT'S MORE DYNAMIC.

UM, BUT, UH, YOU KNOW, THAT'S, THAT'S MY CHAIR REPORT RIGHT NOW.

THAT'S WHAT I WANTED TO BRING TO THE TABLE.

SO I APPRECIATE YOU ALL FOR LISTENING.

WE'RE GOING TO MOVE ON TO, UM, OLD BUSINESS.

WE HAVE, UH, THREE, A

[3A. Discussion and Possible Action following presentation on Creative Space Bond by David Colligan, Acting Chief Operating Officer, Austin Economic Development Corporation (AEDC), and Matthew Kvatinetz, Managing Partner, Q Partners.]

DISCUSSION AND POSSIBLE ACTION.

FOLLOWING PRESENTATION.

I CREATE A SPACE BOMB BY DAVID COLLAGEN, ACTING CHIEF OPERATING OFFICER AUSTIN, ECONOMIC DEVELOPMENT CORPORATION, ADC AND MATTHEW, SORRY, CA QUENTIN NET.

QUALITYNET SIAM BUSHER NET, I THINK MANAGING PARTNER Q PARTNERS.

SO DAVID COLLAGEN AND YOU ALSO HAVE ONE SPEAKER SIGNED UP ON MSEL.

OKAY.

ANONYMIZE SEATTLE.

OKAY.

THANK YOU, KEN.

OKAY.

I THOUGHT YOU DID MY NAME PRETTY WELL THERE.

SHOTGUN IT'S CLOCKED AND THAT'S MOST PEOPLE JUST CALL ME K OR SHABBAT.

UH, DAVID IS OFF TODAY ON WELL-NEEDED VACATION.

SO I ASKED VERONICA IF SHE'D BE WILLING TO COME HERE AS CEO OF AEDC GOOD EVENING COMMISSIONERS.

HAPPY TO BE WITH YOU HERE TONIGHT.

I AM VERONICA .

I'M THE CHIEF ECONOMIC RECOVERY OFFICER FOR THE CITY OF AUSTIN TONIGHT.

I'M HERE BEFORE YOU AS THE INTERIM PRESIDENT AND CEO OF THE AEDC, AND WE'RE HAPPY TO BE HERE TONIGHT TO PROVIDE YOU AN UPDATE ON THE, UM, ON THE CULTURAL TRUST.

UM, AS WELL AS INCLUDED IN THAT, UH, DISCUSSION ON THE CREATIVE SPACE BOND.

SO GONNA TURN IT OVER TO MATTHEW, AND WE'RE HAPPY TO ANSWER ANY QUESTIONS THAT YOU HAVE.

THANK YOU.

GREAT.

THANK YOU, VERONICA.

AND THANKS EVERYONE FOR HAVING US.

WE REALLY APPRECIATE IT.

UM, WE, UH, WANTED TO UPDATE YOU ON WHAT'S BEEN GOING ON WITH THE ADC.

UM, THE ADC, UH, WAS ASKED BY THE COMMISSION AS ONE OF ITS MAIN GOALS TO CREATE A CULTURAL TRUST AND MY CULTURAL TRUST.

IT'S REFERRING TO A LAND TRUST, SOMETHING TO CREATE LONG-TERM AFFORDABILITY IN PERPETUITY FOR CULTURAL MUSIC SPACES AND ICONIC VENUES.

SO WE'RE QUOTING THE RESOLUTION HERE, UM, AND JUST TO BE REALLY CLEAR, THE ADC, UM, IS REALLY A PUBLIC REAL ESTATE DEVELOPER.

SO YOU COULD THINK ABOUT IT AS A REAL ESTATE DEVELOPER, WORKING FOR THE CITY THAT DOESN'T MAKE PROFIT INSTEAD.

IT, IT MAKES PRICES LOWER, UM, AND IT WORKS FOR THE PUBLIC PURPOSE.

SO, UH, WE'RE NOT GOING TO GET INTO THE BUSINESS OF CULTURAL MUSIC SPACE OTHER THAN TO SUPPORT FROM A POSITIVE REAL ESTATE DEVELOPER PERSPECTIVE.

CAN YOU GO TO THE NEXT SLIDE PLEASE? UH, ONE MORE.

THANK YOU.

SO THE CULTURAL

[00:35:01]

TRUST IS GOING TO HAVE A FEW INITIATIVES.

THIS FIRST INITIATIVE IS TO DO A FOLLOW ON TO THE RFI THAT WAS DONE ALREADY.

WE LEARNED A LOT FROM THE RFI.

WE GOT A LOT OF INFORMATION AND NOW WE'RE TARGETED TOWARD TURNING THAT INTO ACTUALLY ACQUISITION AND PRESERVATION.

SO NEW SPACES AND HELPING EXISTING SPACES, AND ALSO WORKING ON PROGRAMS, UM, SUCH AS WAS DESCRIBED EARLIER, UM, WITH THINGS LIKE THE MUSIC HUB, UM, THIS WILL BE A COMPETITIVE RFP TO FUND AN INITIAL SET.

IT'S NOT GOING TO BE ENOUGH, IT'LL BE A FIRST STEP.

AND THE ADC CAN FUNCTION AS BOTH A BROKER AND A FACILITIES MANAGER.

JUST WANT TO DISTINGUISH FACILITIES MANAGER FROM RUNNING A FACILITY.

THE ADC WON'T BE RUNNING ANY FACILITIES, BUT IT'LL HELP MAKE SURE THAT MONEY'S PUT ASIDE FOR LIKE FIXING THE BOILER FOR DOING, UM, CAPITAL REPAIRS, UM, FOR DEALING WITH, UM, OPERATING RESERVES AND DEBT AND ALL THE REAL ESTATE SIDE OF THINGS.

THE HOPE IS TO USE THE FUNDS THAT ALREADY HAVE BEEN ALLOCATED, UM, THROUGH THE CREATIVE FACILITIES MON AND ALSO THROUGH THE ICONIC VENUE FUND AND POTENTIALLY SOME OTHER SOURCES THAT WE'VE BEEN TALKING TO IN PHILANTHROPY, AND THEN LEVERAGE SOME OF THOSE USING INDUSTRIAL DEVELOPMENT CORPORATION DEBT, UM, AND OR PRIVATE DEBT.

I'LL TALK ABOUT THAT MORE IN A SECOND, THE SPACES WOULD BE OWNED BY THE CITY AS PERMANENT CULTURAL INFRASTRUCTURE, BUT THEY WON'T NECESSARILY BE MANAGED OR USED BY THE CITY.

THEY WOULD ACTUALLY BE UNDER AGREEMENTS WITH ORGANIZATIONS TO USE THEM ALL THE TIME OR PART OF THE TIME OR SOME OF THE TIME, DEPENDING ON WHAT APPLICATIONS COME IN.

SO THEY WILL BE AVAILABLE FOR VERY LONG-TERM USE BY CURRENT VENUE OPERATORS, UM, THAT WANT TO PURCHASE THEIR SPACE.

THEY ALSO WILL BE AVAILABLE FOR USE BY ORGANIZATIONS THAT WANT TO SHARE THE USE OF SPACE.

THEY ALSO WILL BE AVAILABLE FOR USE BY PEOPLE THAT OCCASIONALLY HAVE A SPACE NEED.

SO ALL OF THOSE WILL ATTEMPT TO BE ADDRESSED BY THIS.

NONE OF THOSE THINGS ARE EXCLUDED.

THE FACT OF CITY OWNERSHIP IS IN ORDER TO PRESERVE THE USE OF CERTAIN KINDS OF MONIES, AND TO MAKE SURE IF AT SOME FUTURE DATE AND BY FUTURE DATE, WE'RE TALKING 30 YEARS, 50 YEARS, 70 YEARS, AN ORGANIZATION WANTS TO LEAVE, SAY IT WANTS TO TRADE UP OR SAY, IT GOES OUT OF BUSINESS.

THESE SPACES DON'T THEN BECOME CONDOS.

THEY ARE PERMANENTLY CULTURAL SPACES.

THERE'LL BE A MECHANISM FOR GETTING, UM, ARTS AND CULTURAL ORGANIZATIONS OUT OF THOSE SPACES WITH A RETURN OF SOME EQUITY, ET CETERA.

SO IT'LL, IT'LL FEEL LIKE OWNERSHIP IN MOST OF THOSE CASES, BUT WE'LL JUST PROTECT AGAINST GENTRIFICATION AND LOSS OF SPACES.

THERE'LL BE PRIORITY FOR SUPPORTIVE ORGANIZATIONS BASED ON D AND I, AND THE SPACES WILL BE CALCULATED TO MAKE SURE THEY'RE AVAILABLE AT AFFORDABLE RATES.

UM, NEXT SLIDE, PLEASE, THERE'LL BE TWO SIDES OF FUNDING, UM, BECAUSE OF THE FUNDING SOURCES, THE WAY WE'RE THINKING ABOUT AS CURRENTLY THIS WAY, UM, WHICH IS BASED ON INFORMATION THAT WE GOT FROM THE RFI AND FROM, UM, THE WORK THAT YOU ALL HAVE DONE ALSO JOINTLY WITH THE ARTS COMMISSION, BUT THERE'LL BE ONE SIDE WHERE WE'RE TRYING TO ACQUIRE VENUES WITH OPERATORS THAT ARE ALREADY OPERATING THOSE VENUES, BASICALLY AS SOLE OPERATORS TODAY.

AND WITH THOSE, WE THINK WITH THE AMOUNT OF FUNDING THAT WE HAVE THROUGH THE ICONIC VENUE FUND, WE'LL BE ABLE TO GET ONE TO TWO EXISTING VENUES WITH THIS SET OF MONEY.

THEN THERE'LL BE POTENTIALLY AFFORDABLE MULTI-USE SPACE FOR ORGANIZATIONS.

UM, THAT WILL BE SPACES THAT COULD BE USED, YOU KNOW, IN REPERTORY, IN DIFFERENT MONTHS IN ALTERNATING NIGHTS, BY THE SAME SET OF ORGANIZATIONS TO ORGANIZATION, SHARING OF SPACE, THREE ORGANIZATIONS, SHARING A SPACE.

UM, BUT WE'LL BE ONE LARGER FACILITY THAT THEY SHARE TO HELP SHARE THE PHOS BURDEN.

ULTIMATELY, WE'RE TRYING TO GO FOR HIGH UTILIZATION OF SPACES SO THAT WE DON'T FUND SPACES THAT ARE ONLY BEING USED 20 OR 30% OF THE TIME, BUT THAT THE MORE PEOPLE WHO USE IT, THE LOWER THE COST TO EACH ORGANIZATION GOES AND MAKES IT MORE AFFORDABLE.

NEXT SLIDE, PLEASE.

THE GENERAL TIMELINE, UM, IS THIS WE'RE WE'RE ACTUALLY, I APOLOGIZE.

I HAVE AN ERROR ON HERE.

WE'RE SCHEDULED TO GO ON APRIL 22ND, UM, TO THE CITY, UM, TO PROPOSE, UH, THESE USE, UM, AND OUR CONTRACT, OUR INTER LOCAL AGREEMENT.

AND THEN WE HAVE A CULTURAL TRUST ADVISORY COMMITTEE.

I'M GOING TO TALK ABOUT IT IN A SECOND, AND WE'D LOVE TO GET MORE PEOPLE ON THAT.

I THINK WE'RE, WE'RE, UH, WE HAVE SOME GOOD PEOPLE ON IT, ALREADY, NOTHING AGAINST THEM.

WE WANT TO JUST ADD MORE PEOPLE AND MORE DIVERSITY OF REPRESENTATION, BUT WE'LL BE HOSTING PUBLIC INFORMATION SESSIONS.

WE'RE GOING TO COME TO THE JOINT ARTS AND MUSIC COMMISSION, BUT WE WANT IT TO COME TO YOU AS EARLY AS POSSIBLE.

UM, AND WE THINK THAT THIS IS NOW LOOKING MORE LIKE MID, LATE MAY OR

[00:40:01]

EARLY JUNE RELEASE SO THAT WE HAVE TIME TO DO THE ROUNDS AND GET FEEDBACK, UM, PUBLISH A NOTICE OF THE RFP, AND THEN WE'RE ANTICIPATING DOING WORK SESSIONS, HELPING PEOPLE WITH SPREADSHEETS, UM, LOOKING AT AGREEMENTS THAT PEOPLE HAVE, UM, FOR LEASES OR FOR SALE, AND THEN BEING ABLE, ONCE PEOPLE, UH, RESPOND TO PROVIDE THEM WITH RESOURCES, TO SIT DOWN WITH LANDLORDS AND POTENTIAL ACQUISITIONS SPACES, IF DESIRED, AND PROVIDE SOME, UM, NEGOTIATION SUPPORT IN THAT NEXT SLIDE, IN ORDER TO GET TO WHERE WE ARE.

UM, WE COULD TALK ABOUT THIS, HAPPY TO SIT DOWN WITH PEOPLE, BUT WE DID A PRETTY BROAD SET OF RESEARCH ON ACQUISITION PRICES IN DIFFERENT PARTS OF AUSTIN, AND THEN ALSO, UM, POTENTIAL SOURCES OF MONEY, UM, MORTGAGES, RENT PRICES, OPERATING COSTS.

WE STILL HAVE, THERE'S A LOT TO LEARN.

WE'RE STILL ALWAYS LEARNING AND ALWAYS TRYING TO GET MORE INFORMATION.

BUT, UM, WE DESIGNED IT BASED ON THIS INFORMATION HERE, THE RFI, UM, THE CULTURAL ASSET MAPPING FROM YEARS AGO.

UM, AND THEN ALSO ALL OF THE INTERIM DATA THAT WE WERE ABLE TO GET OUR HANDS ON WITH THE RECENT FUNDINGS THAT HAVE HAPPENED.

NEXT SLIDE PLEASE.

YEAH.

GENERAL.

WE THINK THERE'S GOING TO BE THREE PIECES.

I SAID THIS BEFORE, BUT JUST TO BE SURE EVERYONE UNDERSTANDS THERE'S GOING TO BE SOME PART THAT'S PUBLIC EQUITY THAT'S CAN BE ANYTHING, UM, LIKE THE FACILITIES BOND, THE, UM, ICONIC VENUE FUND.

IT COULD BE OTHER FUNDS, UM, THAT WIND UP COMING IN.

WE'D LIKE TO SEE SOME EQUITY MATCH FROM ORGANIZATIONS, UM, FOR THOSE THAT ARE SOLE USERS OF A SPACE, THAT'LL BE A COMPETITIVE CRITERIA, MEANING THAT WE'LL FAVOR APPLICATIONS THAT HAVE THE ABILITY TO DO THAT FOR THE SHARED SPACES.

THAT WON'T BE A COMPETITIVE CRITERIA.

WE'D LIKE TO SEE PEOPLE BE ABLE TO DO SOMETHING, BUT WE UNDERSTAND SOME OF THOSE ORGANIZATIONS CAN'T.

SO THEY'LL STILL BE ABLE TO GET SPACE EVEN WITHOUT THAT.

AND THEN WE'LL LOOK FOR A LOAN AMOUNT TO HELP MAKE THE MONEY GO FURTHER.

THE LOAN WILL BE SIZED TO MAKE SURE THAT THE PAYMENT IS STILL AFFORDABLE AND THAT IT STOPS THIS ESCALATION OF OPERATING COSTS AND TAXES, AND ALSO IS A REASONABLE AMOUNT TO PAY RELATIVE TO THE USE VERSUS WHATEVER THE MARKET IS.

NEXT SLIDE, PLEASE.

UM, GENERALLY SPEAKING, WE NEED TO MAKE SURE THAT SPACES ARE AVAILABLE FOR USE AND ENJOYMENT BY THE PUBLIC.

UM, THAT COVERS A VERY BROAD CATEGORY.

UM, BUT WE THINK THAT ALL TYPES OF OPERATORS, ALL TYPES OF VENUES FOR PROFIT NON-PROFIT, ALL OF THOSE ARE ELIGIBLE.

IT COULD BE A PART OF A SPACE.

IT COULD BE A WHOLE SPACE, IT COULD BE A NEW SPACE.

IT COULD BE AN EXISTING SPACE.

THOSE ARE ALL ELIGIBLE.

EVERY DISCIPLINE, EVERY TAX STATUS, EVERYONE IS ELIGIBLE.

SO WE HOPE TO SEE A LOT OF PEOPLE RESPOND.

UH, IT DOES HAVE TO BE WITHIN THE CITY.

UM, AND, UH, WE WANT TO MAKE SURE THAT EMPLOYEES ARE PAID A LIVING WAGE AS WELL.

UM, SOLE OPERATORS CAN APPLY IF THEY APPLY.

UM, WE REALLY WANT TO MAKE SURE THAT THEY HIT CAPACITY CRITERIA, UM, MEANING THAT THEY CAN ACTUALLY USE THE VENUE ENOUGH TIME TO MAKE IT AFFORDABLE AND THAT THEY HAVE SOME MATCH JOINT OPERATORS CAN ALSO APPLY CAPACITY, HAS TAKEN INTO ACCOUNT, BUT IT'S MUCH MORE ABOUT POLICY ALIGNMENT, MAKING SURE THERE'S, UM, DIVERSITY IN OPERATORS, DIVERSITY IN GEOGRAPHY, DIVERSITY IN DISCIPLINE, AND THAT WE'RE COVERING AS MUCH AREAS AS POSSIBLE.

NEXT SLIDE PLEASE.

YES, WE HAVE THIS CULTURAL TRUST ADVISORY COMMITTEE CALLED AT SEATAC.

WE'VE MADE, UM, CALLS OUT TO PEOPLE.

CALLS ARE STILL OPEN TO PEOPLE TO JOIN SEATAC.

SEATAC IS A GROUP OF PEOPLE THAT SITS AND TALKS WITH US ABOUT THESE THINGS IN OUR CRITERIA.

UM, IT'S OPEN THE ONLY PEOPLE WHO CAN'T JOIN SEA-TAC ARE PEOPLE WHO WANT CULTURAL TRUST MONEY.

WE CAN'T HAVE PEOPLE ADVISING ON HOW, WHERE THE MONEY GOES AND THEN ALSO BE RECIPIENTS.

SO THAT'S, THAT'S THE ONLY CAVEAT.

UM, AND IN GENERAL, UH, IT'LL GO, THE CULTURAL TRUST ADVISORY COMMITTEE WILL GO ON.

AS LONG AS WE HAVE RFPS, PEOPLE CAN COME IN AND OUT.

AND THEN WITHIN THAT, WE PULL EVALUATION COMMITTEES FOR EACH RFP.

SO WE CURRENTLY HAVE AN APPLICATION PERIOD OPEN FOR PEOPLE THAT WANT TO BE ON THE EVALUATION COMMITTEE FOR THIS RFP THAT I JUST DESCRIBED.

THERE'S A LINK TO IT.

YOU CAN CLICK RIGHT THROUGH, UM, YOU HAVE TO JOIN, UM, THE SEATAC TO DO THAT, BUT YOUR SEATAC, UM, UH, WORK IS THAT IF YOU DO JOIN THAT THERE ARE, UM, THAT THAT GROUP HAS TO BE APPROVED BY THE ADC BOARD.

AND THAT ADC BOARD IS JUST GONNA CHECK TO MAKE SURE THERE'S GOOD DIVERSITY AND REPRESENTATION ON THAT.

UM, BUT OTHER THAN THAT, UH, AGAIN, IT'S OPEN AS LONG AS YOU'RE NOT A RECIPIENT.

NEXT SLIDE PLEASE.

SO NEXT STEPS FOR

[00:45:01]

US ARE CONFIRMING THAT WE ACTUALLY ARE ABLE TO USE THOSE CAPITAL SOURCES THAT WE DESCRIBED.

THAT'S PART OF OUR AGREEMENT WITH THE CITY THAT WE'RE GOING TO BRING ON APRIL 22ND.

WE ALSO WANT TO COORDINATE WITH ANY EXISTING EFFORT GOING ON.

WE'RE TALKING WITH THE COMMUNITY FOUNDATION, WE'RE TALKING WITH THE LONG CENTER ABOUT THEIR PROGRAMS. THEY'RE ROLLING OUT FOR TECHNICAL ASSISTANCE.

WE'RE TALKING WITH INDIVIDUAL PHILANTHROPISTS AND WE THINK WE CAN HELP MAKE ALL THOSE PIECES GO FURTHER AND HAVE IT BE ALL COORDINATED.

UM, WE'RE ALSO DOING REVIEW OF THE ACTUAL RFP BY THE CITY AND SEATAC AGAIN, THAT'S OUR ADVISORY COMMITTEE THAT I JUST MENTIONED THAT YOU WANT TO JOIN IT.

YOU ARE WELCOME.

UM, AND THEN WE'RE PLANNING A PUBLIC COMMUNICATIONS CAMPAIGN TO MAKE SURE PEOPLE ACTUALLY KNOW THIS IS GOING ON.

UM, WE HAVE A LOT OF WORK TO DO BEFORE WE RELEASE AN RFP.

WE WANT TO MAKE SURE EVERYONE'S AWARE OF IT.

THEY GET A CHANCE TO TALK TO US, ASK QUESTIONS, UM, AND GET TACTICAL ASSISTANCE IF THEY NEED IT TO RESPOND.

I BELIEVE THAT IS THE LAST SLIDE.

SO IF THERE'S TIME, I'LL TAKE QUESTIONS.

IF NOT, WE CAN, UM, SHARE EMAILS FOR YOU TO EMAIL.

UM, IS THERE WAS SOMEBODY THAT WANTED TO SPEAK ON THIS, RIGHT? SHOULD WE LET ON AND SPEAK, OR DO WE WANT TO ASK QUESTIONS FIRST ANA, THAT YOU CAN GET ON A SPEED IS, IS ON, UH, ON, ARE YOU THERE? CAN YOU HEAR ME? YES.

OKAY.

WELL, UM, I HAVE LOTS OF QUESTIONS, UM, IN REFERENCE TO THE CREATIVE SPACE BOND.

UM, THIS GENTLEMAN, I DON'T, I DON'T I'M SORRY.

HELLO? YOU'RE GOOD.

GO AHEAD.

DID WE LOSE HER? YEAH, TAKE CARE.

OKAY.

SO, UM, MY NAME IS DONNA .

I'M THE PRESIDENT OF, UH, AB CON TO PENN, UH, PENN AMERICAN RECREATION CENTER, UH, ADVISORY BOARD, AND THE PAST PRESIDENT FOR THEM, FOR THE MIS BUDDY.

AND JUST MEANT TO MAKE SOME CULTURAL CENTER AND A BOARD MEMBER FOR THE NEIGHBORHOOD DEVELOPMENT CORPORATION FOR WHAT LOOPY.

UM, MY, MY QUESTION IS THAT WE'VE BEEN SITTING ON THIS 12 MILLION CREATIVE SPACE BONDS.

UH, WE RECEIVED ALL THIS INFORMATION, SOME FEEDBACK.

I KNOW THAT THE COMMISSION HAD COMMUNITY FEEDBACK AND HAD JOINT COMMISSION MEETINGS AND MULTIPLE MOCK MOMMIES STAFF AND CONSULTANTS AND BLAH, BLAH, BLAH THERE'S MOTOR POOL, 10 MILLION BOND MONEY HAS BEEN SITTING THERE FOR WHATEVER REASON, I DON'T KNOW, BUT NOTHING HAS BEEN DONE.

AND, UM, I, MY MAIN CONCERN IS THAT THE BOND PROJECT HAS TO SPECIFICALLY ADDRESS A HISTORIC INEQUITY AND ELEVATE THE CRISIS LEVEL ISSUE, SPACING THAT THE CREATIVE SPACE COMMUNITY, INCLUDING AFFORDABILITY AND LOSS OF CREATIVE SPACES.

AN EXAMPLE, AN EXAMPLE THAT I'M GOING TO USE IS, IS A CITY OWNED FACILITY, WHICH IS, UM, THE PARK, UM, NEIGHBORHOOD PARK.

AND IT HAS A STAGE, BUT THERE IS NO CONNECTIONS, NO PLUGS, NOTHING TO SUPPORT OUR MUSICIANS TO GO OUT THERE AND PLAY.

I WANT TO MAKE SURE THAT YOU'RE INCLUSIVE THAT TH TH THAT ALL THIS WORK IS INCLUSIVE OF EVERYONE, NOT, NOT JUST THE PEOPLE THAT YOU USUALLY WORK WITH.

AND, UM, WE HAVE TO ADDRESS THE PASSING EQUITIES TO THE UNDERSERVED AND MARGINALIZED, CREATIVE INDIVIDUALS GROUPS, AND INCORPORATE AN EQUITY DRIVEN PROCESS.

BECAUSE IF WE DON'T, YOU'RE GOING TO HEAR A LOT MORE PEOPLE SPEAKING OUT ON, ON, ON, UH, INCLUSIVE AND MAKING SURE THAT WE ARE PART OF WHATEVER YOU'RE THINKING OF DOING.

UM, DAVID, I THINK DAVID WHO JUST SPOKE, UH, YOU SAID THAT YOU, YOU HAVE, YOU HAVE, UM, YOU'VE DONE A WHOLE LOT OF WORK, BUT ARE YOU INCLUDING THE COMMUNITY? IS THERE ANY COMMUNITY ENGAGEMENT INVOLVED? BECAUSE IF ANYBODY'S GOING TO TELL YOU HOW THESE CREATIVE SPACES ARE SUPPOSED TO FUNCTION, IT'S THE PEOPLE THAT LIVE IN IT THAT LIVE IN THESE NEIGHBORHOODS THAT NEED TO HELP.

[00:50:01]

SO, YOU KNOW, I DON'T KNOW WHY THE CITY OF WALLS IS HOLD ONTO MILLIONS OF DOLLARS.

THAT'S WHAT THAT WAS VOTER APPROVED BY TAXPAYERS.

I DON'T, I DON'T KNOW WHAT THE HOLD UP IS AND WHO, WHO IS MAKING ALL THE DECISIONS HERE TO THIS MONTH? UH, I, I, YOU KNOW, I HAVE A LOT OF QUESTIONS.

WE HAVE, WE HAVE A $2 MILLION ASK, UH, FOR THE MAC TO BUILD A MUSIC HUB.

AND IT JUST SEEMS LIKE THIS IS GOING ON AND ON AND ON SINCE 2018, THAT AS FAR AS I CAN REMEMBER, WHEN WE WENT AFTER THAT BOND MONEY FOR THE MAC, FOR THE EXPANSION, AND, AND WE WERE HERE YET TALKING ABOUT THIS AND NOTHING IS EVER DONE.

SO I WANT TO HELP YOU, BUT I NEED FOR YOUR COMMITMENT TO MAKE SURE, TO MAKE SURE THAT YOU INCLUDE FEEDBACK FROM THE COMMUNITY SO THAT WE CAN SERVE OUR COMMUNITY.

WELL.

SO, UM, YOU'VE MENTIONED SOMETHING ABOUT THIS SEATAC OR, UH, COMMITTEE.

WHAT IS THEIR FUNCTION? WHAT IS THEIR FUNCTION GOING TO BE TO THANK YOU FOR ALL THOSE COMMENTS? I UNDERSTAND THE FRUSTRATION AND I FEEL YOUR FRUSTRATION AND HOW LONG THIS HAS TAKEN.

ALL I COULD TELL YOU IS THAT WE ARE NOW ABOUT TO RELEASE SOMETHING AND THE REASON WE'RE NOT RELEASING IT YET IS TO MAKE SURE WE'RE GETTING COMMUNITY FEEDBACK.

SO I THINK WE'RE, I CAN'T DO ANYTHING ABOUT 2018 TO PRESENT.

ALL I CAN TELL YOU IS THAT THE ADC WAS FORMED IN OCTOBER, AND WE STILL DON'T EVEN HAVE APPROVAL NECESSARILY TO MOVE FORWARD WITH THAT MONEY.

BUT AS SOON AS WE GET IT WITHIN A MONTH AFTER THAT, WE'RE RELEASING RFP.

SO, UM, WE'RE TRYING TO MOVE VERY FAST.

WE FEEL THE FRUSTRATION CITY STAFF FEELS THE FRUSTRATION AND HAS TASKED US TO MOVE THIS AS FAST AS POSSIBLE, BUT ALSO BE RESPECTFUL OF ALL THE WORK THAT HAS GONE ALREADY AND MAKE SURE THAT WE'RE ENGAGING WITH EVERYONE.

THAT'S PART OF WHAT THE SEA-TAC THE CULTURAL TRUST ADVISORY COMMITTEE IS.

WE WELCOME YOUR PARTICIPATION.

WE ARE TRYING TO GET MORE FOLKS TO PARTICIPATE, SPECIFICALLY, TO GET COMMUNITY FEEDBACK.

THAT'S ALSO WHY WE'RE HERE AND WHY WE'LL BE AT THE ARTS COMMISSION.

AND WE'LL BE AT THE NEXT JOINT SESSION OF THE ARTS AND MUSIC COMMISSION.

WE'RE HAPPY TO COME SPEAK TO GROUPS THAT HAVEN'T BEEN SPOKEN TO BEFORE AT ANY TIME, IF SOMEONE COMES AND LETS US KNOW WHO THOSE ARE, WE'RE HAPPY TO SPEAK TO GATHERINGS OF ORGANIZATIONS.

AND WE'RE TRYING TO ORGANIZE AN OUTREACH CAMPAIGN.

NOW THAT INCLUDES AN INFO SESSION OF HOW PEOPLE CAN APPLY.

I THINK THE MUSIC HUB THAT YOU MENTIONED IS CERTAINLY QUALIFIED TO APPLY.

UM, THE IMPROVEMENT TO CITY OUTDOOR STAGES IS CERTAINLY QUALIFIED TO APPLY.

AND WE HAVE A VERY STRICT, UM, D AND I POLICY TO TRY TO MAKE SURE THIS 12 MILLION EXTENDS TO FOLKS THAT HAVE NOT PREVIOUSLY BEEN RECIPIENTS OF MONEY OR HAVE BEEN UNDERSERVED IN THAT.

AND FOR THAT, YOU KNOW, WE ASKED FOR YOUR HELP IN TRYING TO GET THE WORD OUT AND TRYING TO GET PEOPLE TO JOIN US IN THE ADVISORY COMMITTEE, IN TERMS OF THE DECISION MAKING BODY, IT'S THE COUNCIL TO ALLOCATE THE MONEY.

AND THEN IT'S THE AEDC BOARD TO RATIFY ANYTHING RECOMMENDED BY THIS, UM, SELECTION COMMITTEE AND THE AEDC STAFF.

SO WHY WOULD I HAVE TO APPLY? THESE ARE CITY OWNED FACILITIES THAT SHOULD HAVE BEEN TAKEN CARE OF IN THE FIRST PLACE, FIVE, THE CITY OF BOSTON.

WHY SHOULD PEOPLE HAVE TO APPLY WHEN IT'S SOMETHING THAT SHOULD HAVE BEEN DONE BY THE CITY? UH, I CAN'T SPEAK TO WHAT SHOULD OR SHOULDN'T HAVE BEEN DONE BY THE CITY, BUT I THINK IF THERE ARE LIMITED RESOURCES OF THE CITY WITH PUBLIC MONEY, THEY GENERALLY ASK FOR A CALL FROM THE PUBLIC ABOUT WHAT SHOULD BE PRIORITIZED TO GET FEEDBACK ON THAT.

I DON'T KNOW VERONICA, IF YOU'D WANT TO ADD ANYTHING TO THAT, BUT THAT'S, I PRESUME WHY IT'S GOING IN THIS DIRECTION.

I CAN'T SPEAK SO WELL.

ARE YOU GOING TO HELP THESE PEOPLE APPLY PEOPLE THAT, THAT HAVE NEVER APPLIED BEFORE THAT WANT TO WANT TO IMPROVE THEIR COMMUNITY? IS THERE ANY ASSISTANCE FOR THEM SO THAT THEY CAN APPLY? YES, ABSOLUTELY.

SO THE FIRST STEP IS US LETTING THEM KNOW THAT THERE ACTUALLY IS, UH, SOMETHING GOING ON THAT THEY GET APPLIED TO.

AND THEN WE'RE GOING TO BE HOLDING INFO SESSIONS AND TECHNICAL ASSISTANCE SESSIONS TO HELP THEM FILL OUT APPLICATIONS.

OKAY.

I'M SORRY.

I DIDN'T MEAN TO INTERRUPT THE PERSON THAT WAS GOING TO SPEAK.

NO, I KNOW.

I WANT TO ENCOURAGE YOU TO, YOU KNOW, TAKE, YOU KNOW, TAKE WHAT YOU'VE LEARNED,

[00:55:01]

YOU KNOW, IS HAPPENING AND SPREAD THE WORD IN YOUR COMMUNITY.

UM, YOU KNOW, STAY INVOLVED.

UM, YOU KNOW, WE, WE, HAVEN'T INVITED YOU TO BE A PART OF THE SYSTEMIC RACISM WORKING GROUP.

WE WOULD LOVE FOR YOU TO, UH, YOU KNOW, COME BACK AND JOIN US IN THAT CONVERSATION.

YOU ALWAYS, YOU KNOW, YOU YOU'VE BEEN VERY VOCAL IN THE REGULAR MUSIC COMMISSION MEETINGS, BUT, UH, YOU KNOW, WE REALLY LIKE YOUR VOICE, UM, IN THE SYSTEMIC RACISM WORKING GROUP, UH, COMMITTEE AS WELL, BECAUSE THESE ARE THINGS THAT WE'RE TALKING ABOUT, UM, MONTHLY, UM, THESE ARE ISSUES.

EQUITY IS ONE OF THE MAIN ISSUES THAT WE'VE TAKEN ON AS A MUSIC COMMISSION.

AND, UH, WE'LL BE TALKING ABOUT SOME OF THAT WORK, BUT I WANNA, YOU KNOW, JUST, UH, CALL YOU BACK TO THAT GROUP.

AND, AND, AND WE'D LOVE TO HAVE YOU BACK IN HERE HEARING YOUR THOUGHTS AND THINGS OF WAYS THAT WE CAN IMPROVE.

UM, ANY OTHER, UM, ANY OTHER THOUGHTS, UM, QUESTIONS, UH, YEAH.

YES.

UM, I'M INTERESTED IN THE LEVERAGE THAT YOU'RE TALKING ABOUT.

SO JUST, UH, FOR EVERYBODY, THE WAY LEVERAGE CAN WORK IN A SITUATION LIKE THIS.

AND I THINK THIS MAY BE WHAT YOU HAVE IN MIND, GIVEN THAT YOU'RE TALKING ABOUT RENTS IS, UH, IF I WANT TO BUY A $300,000 HOME, I DON'T HAVE TO HAVE ALL THE MONEY UPFRONT.

I CAN PUT DOWN A DOWN PAYMENT OF 20% AND THEN MAKE EVERY MONTH ASSUMING THAT I'M GOING TO BE MAKING SOME MONEY ON SOME INCOME.

UH, SO THEREFORE I CAN BUY A HOUSE THAT IS FIVE TIMES AS MUCH THAN THE MONEY THAT I HAVE IN MY POCKET.

AND I HOPE THAT'S THE TYPE OF LEVERAGE THAT YOU'RE LOOKING AT HERE.

UH, I NOTICED THAT YOU WERE ASKING WHAT ONE OF THE CRITERIA WAS THAT YOU WERE LOOKING FOR, UM, DEMONSTRATED CAPABILITY OF MAKING PAYMENTS.

UM, SO, UH, HOW MUCH DO YOU THINK YOU'LL BE ABLE TO LEVERAGE BY HOW MANY TIMES THE AMOUNT OF MONEY THAT WILL BE ENTRUSTED, UH, IN THIS ENTER THERE? UM, AND ARE THERE DIFFERENT REQUIREMENTS FOR WHAT THAT EXPECTED ABILITY TO MAKE PAYMENTS WOULD BE FOR SOMETHING LIKE A HISTORIC VENUE, WHICH OFFERS A KNOWN SERVICE WITH A KNOWN REVENUE STREAM OF LIVE MUSIC OR SOMETHING THAT DOES NOT TRADITIONALLY HAVE A REVENUE STREAM, GREAT QUESTIONS, OR IN, THANKS FOR ASKING THEM.

IT'S HARD TO GO THROUGH EVERYTHING IN A SHORT TIMEFRAME, BUT WE JUST WANT IT TO HIT AS MUCH AS WE COULD.

I THINK THE AMOUNT OF LEVERAGE THAT WILL EXIST, MEANING HOW MUCH OF THE 300,000 IN YOUR EXAMPLE IS ALONE, VERSUS HOW MUCH IS PAID DIRECTLY WILL BE FROM 0%, MEANING NO LEVERAGE TO MAYBE 15% AND THE WAY WE SIZE THAT IS BASED ON UNDERSTANDING HOW, WHAT DOES AFFORDABILITY MEAN TO THAT ORGANIZATION FOR A VENUE THAT HAS ONGOING PAYMENTS THAT THEY'RE MAKING TODAY SAY, AND LET'S SAY THEIR ANNUAL RENT AND EXPENSES AND TAXES TODAY IS $50,000 A YEAR, AND THEY CAN'T AFFORD THAT.

UM, THEN WE'D HAVE TO DIAL THE AMOUNT OF LEVERAGE SO THAT THE RESULTS OF PAYMENT IS LESS THAN THE $50,000, OR WE'RE NOT REALLY CREATING AFFORDABLE SPACE, BUT FOR THE ORGANIZATION THAT TODAY IS PAYING $200,000 A YEAR.

THEY CAN AFFORD TO PAY MORE THAN THAT 40,000, MAYBE THEY CAN'T AFFORD 200, BUT MAYBE THEY CAN AFFORD ONE 60.

MAYBE THEY CAN AFFORD ONE 70.

IN SOME CASES, WE'LL ALSO BE ABLE TO CHANGE THE OPERATING COSTS IN TERMS OF, UM, WHAT IS PAID, UM, FOR OPERATING COSTS THEMSELVES BY LEVERAGING THEM ACROSS VENUES AND DOING BULK BUY.

AND IN SOME CASES THERE MIGHT BE SOME INSTANCES, NOT ALL WHERE THERE COULD BE RELIEF ON PROPERTY TAX ESCALATIONS BASED ON THE STRUCTURE THAT WE'RE PROPOSING.

SO IT REALLY IS VERY ORGANIZATION BY ORGANIZATION.

WE'RE NOT GOING TO COOKIE CUTTER IT, BUT I WOULD SAY BROADLY, WE THINK OF IT IN TWO CATEGORIES.

ONE CATEGORY IS FOR ORGANIZATIONS THAT CURRENTLY HAVE OPERATING PAYMENTS AND ARE MANAGING A VENUE BY THEMSELVES.

SO THEY ARE CURRENTLY FLOATING SOME AMOUNT OF MONEY.

NOW, WHETHER THAT'S THE RIGHT SIZE OR TOO BIG OR TOO SMALL FOR THEM IS SOMETHING TO BE DISCUSSED.

BUT IN GENERAL, THEY'RE CAPABLE OF CARRYING A WHOLE VENUE VERSUS ORGANIZATIONS THAT WOULD BE BETTER OFF SHARING A VENUE, OR IT'S A PIECE OF AN EXISTING VENUE, WHICH IS JUST A DIFFERENT CATEGORY IN TERMS OF HOW WE THINK ABOUT, UM, LEVERAGE AND PAYMENTS AND ALL THAT STUFF.

BUT WE'RE DEFINITELY NOT GONNA OVERBURDEN ANYONE WITH LEVERAGE, BUT IN CASES WHERE IT'S POSSIBLE TO EXPAND THE AMOUNT OF MONEY AND THEREFORE THE AMOUNT OF ORGANIZATIONS THAT RECEIVE ASSISTANCE, WE'RE GOING TO TRY TO DO THAT.

AND OVER THE COURSE OF TIME, SIMILAR TO A LAND TRUST DEVELOPER AND AFFORDABLE HOUSING DEVELOPER, WE'RE GOING TO BUILD A BIGGER AND BIGGER PORTFOLIO, WHICH WILL ALLOW US TO GET CHEAPER AND CHEAPER LEVERAGE AND BE ABLE TO SAVE MORE AND MORE SPACES WITH THIS FIRST TIME.

WE HAVE TO BE PRETTY CONSERVATIVE.

AND THAT'S WHY YOU DON'T SEE US SAYING WE'RE FUNDING, YOU KNOW, 20

[01:00:01]

VENUES.

WE'RE TALKING ABOUT TWO TO FIVE.

I HAVE A LEVERAGE QUESTION AS WELL.

SO THIS ONE'S MORE ABOUT THE RESTRICTIONS OF THE THUMB, WHICH WAS THE 12 MILLION WAS DEFINED AS PUBLIC SPACES OR PUBLIC USE, UH, PUBLIC LAND.

UM, AND, BUT YOU'RE ALSO TALKING ABOUT TURNING, LIKE FROM THE INITIAL TIME YOU SPOKE TO US DURING THE 12 MILLION TO A HUNDRED MILLION DOLLARS OF INVESTMENT, IT'S A, IT'S A WAY TO TURN THE SMALLER AMOUNT OF MONEY TO SERVE A GREATER NEED IS THAT'S JUST USING THOSE SIMPLE NUMBERS.

DOES THAT MEAN THAT 12 MILLION, A LOW DOLLARS THAT'S THE INITIAL SPENDING IS RESTRICTED TO THE INITIAL DEFINITION AND THE SUBSEQUENT 88 MILLION.

IT'S NOT RESTRICTED TO THAT RISK, TO THAT LIMITED DEFINITION OF THE WAY THAT FUNDS CAN BE SPENT.

IN OTHER WORDS, AS IT GROWS TO THE LIMITS ON THE FUNDINGS, A CHANGE OR NOT REALLY GOOD QUESTIONS.

UM, GRAHAM, I WOULD SAY A COUPLE OF DIFFERENT THINGS.

FIRST OF ALL, OUR FIRST IMAGINATION OF LEVERAGING IT TO A HUNDRED MILLION DOLLARS, UM, DID NOT TAKE INTO ACCOUNT A LOT OF THE FACTORS, UM, THAT WE'VE SINCE TALKED WITH PEOPLE ABOUT, AND MOST NOTABLY NOT MAKING THE ABILITY TO PAY THE HIGHEST FACTOR IN, UM, GRANTING MONIES.

SO WE'RE NOT GOING TO LEVERAGE TO A HUNDRED MILLION, THIS 12 MILLION THAT WOULD MEAN IT WAS 80% DEBT AND 20% EQUITY, AND WOULD REALLY DISPROPORTIONATELY HIT A LOT OF THE, UM, FOLKS THAT HAVEN'T BEEN ABLE TO GET SUPPORT BEFORE THAT WE WERE TALKING ABOUT EARLIER IN TERMS OF DIVERSITY, IN TERMS OF SMALLER ORGANIZATIONS.

SO WE'RE NOT GOING TO LEVERAGE TO A HUNDRED MILLION, THIS, UH, AMOUNT IT'S GOING TO BE MUCH LESS.

UM, SECONDLY, WE NOW ALSO HAVE THE ICONIC, UM, VENUE FUNDS, WHICH IS NOT SUBJECT TO THE SAME RESTRICTIONS AS THE, UM, FACILITIES BONDS.

SO THERE'S TWO POCKETS AND WE'RE CURRENTLY WORKING ON A THIRD POCKET.

THAT'S COMING FROM DONORS.

THAT IS A, UM, UM, DIRECT GRANTS AND A FOURTH POCKET THAT MIGHT BE A CONCESSIONARY DEBT, REALLY, REALLY LOW INTEREST DEBT THAT DOESN'T HAVE COLLATERAL OR SINKING FUNDS OR ALL THAT.

SO THERE ARE DIFFERENT POOLS, BUT ANY MONEY, ANY TIME THE BOND TOUCHES A PROJECT, IT HAS TO COMPLY WITH ALL THE RESTRICTIONS OF THE BOND.

YOU CAN HAVE SOME PROJECTS THAT DON'T USE ANY OF THE BOND MONEY THAT USE THE DONOR MONEY AND ORGANIZATIONAL MONEY AND THE ICONIC VENUE FUND.

BUT ONCE YOU HAVE ANY BOND MONEY IN THERE, IT HAS TO COMPLY WITH ALL THE RESTRICTIONS OF THE BOND.

UM, SO THAT MEANS CERTAIN PUBLIC ACCESS REQUIREMENTS, UM, AS WELL AS, UM, THE PROPRIETARY REQUIREMENTS OF HOW IT IS LEASED ARE MUCH MORE RESTRICTIVE.

IT NEEDS TO HAVE MORE AVAILABILITY TO THE PUBLIC, UM, THAN LIKE THE ICONIC VENUE, WHICH IS WHY WE'VE KIND OF SEPARATED THEM INTO THOSE TWO POOLS.

DID I ANSWER YOUR QUESTION? I HOPE I DIDN'T TALK AROUND IT.

I WAS TRYING TO BE REALLY SPECIFIC.

NO, I, I THINK I UNDERSTAND IT OREN'S GRASP OF ECONOMICS IS MORE CLEAR THAN MINE, UH, IN TERMS OF, UH, LIKE ONCE S LIKE YOU'RE GOING TO SPEND THAT 12 MILLION IN THE INITIAL ROUND, IS THAT CORRECT? BUT THEN IT STILL GETS LEVERAGED AND INTO FUTURE FUNDS.

IS THAT ALSO CORRECT? DEPENDS.

UM, ON THIS ONE THING, LIKE ONCE YOU LEVERAGE IT AT ALL, THEN, UM, SOME OF THE ANNUAL MONIES THAT PEOPLE PAY FOR USE HAS TO GO TO PAY DOWN YOUR LEVERAGE.

IF YOU JUST SPEND IT ALL, IT'S GONE.

IF YOU LEVERAGE IT ALL, YOU'RE GETTING SOME BACK AND EVENTUALLY YOU HAVE IT, YOU HAVE SOME OF IT BACK.

UM, BUT THAT'S THE