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<v Jamie Dunphy>Good morning.

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<v Jamie Dunphy>I'm calling to order this meeting of the Portland City Council.

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<v Jamie Dunphy>Can we please call the roll?

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<v Keelan McClymont>Good morning.

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<v Keelan McClymont>Koyama Lane?

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<v Tiffany Koyama Lane>Here.

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<v Keelan McClymont>Morillo?

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<v Angelita Morillo>Here.

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<v Dan Ryan>Here.

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<v Jamie Dunphy>Here.

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<v Tiffany Koyama Lane>Here.

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<v Keelan McClymont>Here.

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<v Keelan McClymont>Here.

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<v Candace Avalos>Present.

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<v Keelan McClymont>Smith.

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<v Loretta Smith>Here.

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<v Steve Novick>Here.

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<v Keelan McClymont>Pirtle-Guiney.

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<v Elana Pirtle-Guiney>Here.

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<v Keelan McClymont>Ryan.

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<v Keelan McClymont>Dunphy.

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<v Jamie Dunphy>Here.

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<v Jamie Dunphy>And could we please read the rules of decorum for the chamber?

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<v Keelan McClymont>Good morning.

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<v Keelan McClymont>Welcome to the Portland City Council.

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<v Keelan McClymont>To testify before council in person or virtually, you must sign up in advance on the council agenda at www.portland.gov/council/agenda.

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<v Keelan McClymont>Information on engaging with council can be found at the individuals may testify for 3 minutes unless the presiding officer states otherwise.

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<v Keelan McClymont>Your microphone will be muted when your time is over.

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<v Keelan McClymont>The presiding officer preserves order.

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<v Keelan McClymont>Disruptive conduct such as shouting, refusing to conclude your testimony when your time is up, or interrupting others' testimony or council deliberations will not be allowed.

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<v Keelan McClymont>If you cause a disruption, a warning will be given.

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<v Keelan McClymont>Further disruption will result in ejection from the meeting.

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<v Keelan McClymont>Anyone who fails to leave once ejected is subject to arrest for trespass.

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<v Keelan McClymont>Thank you.

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<v Keelan McClymont>Additionally, council may take a short recess and reconvene virtually.

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<v Keelan McClymont>Your testimony should address the matter being considered.

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<v Keelan McClymont>When testifying, state your name for the record.

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<v Keelan McClymont>Your address is not necessary.

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<v Keelan McClymont>If you are a lobbyist, identify the organization you represent.

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<v Keelan McClymont>Virtual testifiers should unmute themselves when the council clerk calls your name.

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<v Elana Pirtle-Guiney>Thank you.

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<v Jamie Dunphy>Thank you very much.

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<v Jamie Dunphy>Our first item, as always, is agenda approval.

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<v Jamie Dunphy>Colleagues, are there any requests to amend the agenda, to reorder items, or to reschedule an item to a future meeting date?

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<v Jamie Dunphy>Not seeing anyone looking excited.

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<v Jamie Dunphy>Do I have unanimous consent to approve the agenda?

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<v Jamie Dunphy>The agenda is approved.

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<v Jamie Dunphy>Great, thank you.

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<v Jamie Dunphy>Keelan, can we please move to public communications?

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<v Keelan McClymont>First up today, we have Joel Corcoran.

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<v Dan Ryan>Good morning.

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<v Jamie Dunphy>Come on up, introduce yourself for the record.

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<v Jamie Dunphy>You're welcome to share your pronouns, and you have 3 minutes.

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<v Joel Corcoran>Good morning.

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<v Joel Corcoran>I'm Joel Corcoran, a resident of District 3 and also a candidate for City Council.

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<v Joel Corcoran>Kathleen Sadat's comments last week moved me to come address you today.

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<v Joel Corcoran>We've been working with a new type of city government now for about 18 months.

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<v Joel Corcoran>This offers a unique opportunity for a new style of politics, particularly during this election.

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<v Joel Corcoran>Yet City Council continues to replicate the same cycle of polarization, demonization, and alienation we've seen play out at the federal level for over 25 years, those of us who've served in the federal government have seen this firsthand.

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<v Joel Corcoran>That knowledge and experience makes us informed critics, but criticism is easy; collaborating is hard.

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<v Joel Corcoran>Governing is just goddamn difficult, even at the best of times, and we certainly do not live in the best of times right now.

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<v Joel Corcoran>Our federal government poses existential threats to democracy and the republic generally.

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<v Joel Corcoran>And to Portland in particular, our state and local governments are the last line of defense against those threats.

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<v Joel Corcoran>It's up to us to mount that defense—all of us, we the people—but especially of those those of us who are running for state and local office, incumbents and challengers alike.

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<v Joel Corcoran>I think those of us seeking elected office should work to restore democracy and solve the political problems that need to be solved.

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<v Joel Corcoran>We are the ones who will lead Portland's political culture and norms.

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<v Joel Corcoran>We should take that responsibility seriously.

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<v Joel Corcoran>This election offers an opportunity for all of us to help City Council work better together as an institution, but that will require all of us to work better together.

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<v Joel Corcoran>That will require reversing the conventional wisdom of politics and elections especially.

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<v Joel Corcoran>We could continue with the conventional wisdom of elections, Those practices of vilifying each other, demonizing our opponents.

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<v Joel Corcoran>Or we could try something new, actually collaborating now in advance of taking office in January.

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<v Joel Corcoran>We can encourage diversity, equity, and collaboration now, some of our core city values, or continue mimicking these so-called values of national politics.

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<v Joel Corcoran>This election will decide who serves on council next year.

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<v Joel Corcoran>It will not decide who gets to continue working for the public good.

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<v Joel Corcoran>We'll all still be around after Election Day.

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<v Joel Corcoran>We'll all still be trying to help the city of Portland and our communities.

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<v Joel Corcoran>We can choose to engage in collaboration.

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<v Joel Corcoran>We can share ideas and work together to create good policy.

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<v Joel Corcoran>We can demonstrate passionate advocacy without polarization.

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<v Joel Corcoran>We can disagree without demonizing.

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<v Joel Corcoran>The choices are entirely up to us.

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<v Joel Corcoran>Thank you for your time this morning.

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<v Jamie Dunphy>Thank you very much.

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<v Keelan McClymont>Next up, we have Injured and Pissed Off.

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<v Jamie Dunphy>Good morning.

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<v Jamie Dunphy>Come on up.

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<v Unidentified speaker>Good morning.

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<v Unidentified speaker>My name's Injured and Pissed Off.

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<v Unidentified speaker>I swear my name is Injured and Pissed Off, and I have a paper here from the state that says that the state pays $19,166 a month that's in dollars.

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<v Unidentified speaker>That figures up to $628.39 a day.

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<v Unidentified speaker>That's, uh, I figured up what the golden years means.

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<v Unidentified speaker>It means that the state pays a lot of money.

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<v Unidentified speaker>This has only recently happened.

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<v Unidentified speaker>This, this since February 3rd, I'm in a care facility.

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<v Unidentified speaker>And I've got to pay $1,375 on top of that, of the $19,166.

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<v Unidentified speaker>And there's good ideas and there's bad ideas.

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<v Unidentified speaker>And, uh, in 95 days, uh, will be November 15th, And November 15th, 2010, which will practically be 16 years, I had catastrophic injuries, broke my left hip and fractured 2 of my vertebrae in my spinal cord and got mistreated at the hospital.

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<v Unidentified speaker>After the hip surgery, ignoring the spinal cord injuries.

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<v Unidentified speaker>And maybe that's the reason why the state's having to cough up that much money.

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<v Unidentified speaker>But the city and the county and animal control and the Home Forward— it was HAP at the time of the injuries— hasn't paid me even a penny.

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<v Unidentified speaker>In fact, even the state hasn't paid me one penny.

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<v Unidentified speaker>Thank you.

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<v Unidentified speaker>I'm rather disappointed at that.

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<v Unidentified speaker>Of course, being injured and pissed off, well, you kind of get used to that kind of stuff.

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<v Unidentified speaker>I'll be leaving this paper here for the board clerk, if that's all right.

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<v Unidentified speaker>My service animal was a real service animal.

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<v Unidentified speaker>It was attacked 7 times in less than 6 years.

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<v Unidentified speaker>It's against Oregon law to even interfere with a service animal, but when the city owns the property that you rent at and the state controls your medical appointments and— or the lack of care or anything, well, they couldn't get away with all that, what they were doing, which was nothing.

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<v Unidentified speaker>Thank you.

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<v Jamie Dunphy>Thank you very much for being here this morning.

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<v Keelan McClymont>Next up, we have John Rosa-Pepp.

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<v Keelan McClymont>Can I hand it?

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<v Keelan McClymont>Of course.

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<v Keelan McClymont>Thank you.

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<v Keelan McClymont>John Rosa-Pepp.

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<v Keelan McClymont>Okay, next up we have Lee King.

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<v Keelan McClymont>Lee King.

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<v Keelan McClymont>That completes communications for today.

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<v Jamie Dunphy>Okay, thank you, colleagues.

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<v Jamie Dunphy>Our third item on our agenda is actually a time certain that starts at 9:45, and so we cannot quite move to that quite yet.

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<v Jamie Dunphy>Um, start with some jokes.

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<v Jamie Dunphy>That's a full 5 minutes.

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<v Jamie Dunphy>I don't think I can actually do that.

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<v Jamie Dunphy>Um, colleagues, let's move to item number 5, which is the only non— the next non-time certain item on our agenda.

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<v Keelan McClymont>Item 5, document 2026-01.

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<v Keelan McClymont>Direct the Portland Bureau of Transportation to evaluate and implement no turn on red restrictions at signalized intersections within the high crash network.

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<v Jamie Dunphy>Colleagues, this is the second reading of a non-emergency ordinance.

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<v Jamie Dunphy>Is there any further council discussion before we move to a vote?

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<v Jamie Dunphy>Seeing no one in the queue, Keelan, can we please call the roll?

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<v Jamie Dunphy>Oh, there we go.

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<v Jamie Dunphy>People jumped in as soon as I said it.

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<v Jamie Dunphy>There we go.

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<v Jamie Dunphy>Councilor Smith first.

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<v Loretta Smith>Thank you.

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<v Loretta Smith>Thank you, Mr.

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<v Loretta Smith>Chair.

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<v Loretta Smith>Um, just wanted to say we read this last week and it's a very important ordinance that will save lives in the city of Portland.

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<v Loretta Smith>And I want to make note that this is a pilot that's going to be piloted in specific areas in the, um, high crash corridor and It is going to cost about $800,000.

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<v Loretta Smith>So I think today we take a, a long overdue step to fulfill our promise to the people of Portland.

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<v Loretta Smith>I believe far too long our street design has prioritized moving cars through intersections as fast as possible rather than ensuring our neighbors reach their destinations safely.

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<v Loretta Smith>So for far too long, we have placed haphazard motorist convenience over the elderly and pedestrian safety.

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<v Loretta Smith>The numbers do not lie, and neither do the stories of the families in District 1.

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<v Loretta Smith>In District 1, we've lost to date 11 lives.

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<v Loretta Smith>District 2—.

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<v Loretta Smith>No!

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<v Loretta Smith>They have lost 5 lives.

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<v Loretta Smith>In District 4, they have also, um, Have lost 5 lives, and in District 3, there are 7 more lives that will not be here in the city of Portland.

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<v Loretta Smith>We know that when a driver looks left for an opening in traffic, their eyes leave the crosswalk on the right— on their right.

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<v Loretta Smith>In that split second, we risk the life of a child walking to school, a neighbor in a wheelchair, or a commuter on a bike.

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<v Loretta Smith>Thank you.

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<v Loretta Smith>Something has to be done.

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<v Loretta Smith>The No Turn on Red ordinance is our best response, and I think it's one of our best responses.

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<v Loretta Smith>It changes the default setting.

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<v Loretta Smith>It establishes a fundamental truth in our city code that pedestrian life is non-negotiable.

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<v Loretta Smith>This policy is also an issue of equity.

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<v Loretta Smith>Our mobility-impaired residents and elderly community members deserve the confidence that when they walk to a signal that turns white, the crosswalk is truly theirs because we know that no turn on red signage reduces all crashes by 9% and decreases pedestrian and bicycle crashes by 41%.

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<v Loretta Smith>Safety should not depend on how fast you can stop off of a curb.

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<v Loretta Smith>I want to extend my deepest gratitude to the advocates who brought their lived experiences To the chamber, to PBOT staff, and for their leadership, and to each of you for recognizing that leadership requires action.

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<v Loretta Smith>And I am proud to be able to cast a vote for this ordinance in, in the affirmative on the ordinance today for safer, more walkable, and more human Portland roads.

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<v Loretta Smith>I also want to thank Oregon Walks, and Verde for all their help in making sure that we had language that would be acceptable in the community and that it would help to save lives today.

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<v Loretta Smith>Thank you.

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<v Jamie Dunphy>Thank you, Councilor Smith.

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<v Jamie Dunphy>Councilor Novick.

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<v Steve Novick>Thank you, Mr. President.

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<v Steve Novick>I feel kind of silly making this mundane point after Councilor Smith's eloquent speech, but I just did want to point out that this is a pilot that could have— this is not banning right turn on red throughout the city.

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<v Steve Novick>This is something that could add 30 no-turn-on-red intersections, adding to the 200 that we already have.

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<v Jamie Dunphy>Thank you, Councilor Novick.

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<v Jamie Dunphy>Councilor Koyama Lane.

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<v Tiffany Koyama Lane>Thank you.

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<v Tiffany Koyama Lane>I just want to say thank you again to my colleagues, especially Councilor Smith, and to the staff at PBOT, to Director Williams, to Dana Dickman, for all your support with this and with Vision Zero.

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<v Tiffany Koyama Lane>And thank you to the community groups.

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<v Tiffany Koyama Lane>Thank you, Councilor Smith, that you were willing to open your door and really hear them.

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<v Tiffany Koyama Lane>Oregon Walks, Verde, BikeCloud, Families for Safe Streets.

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<v Tiffany Koyama Lane>This is important work.

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<v Tiffany Koyama Lane>It's really hard work, but it's heart work, and it takes a long time, but it's worth it.

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<v Tiffany Koyama Lane>And I'm very proud to vote aye and hope that the rest of my colleagues join me in that.

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<v Jamie Dunphy>Thank you, Councilor Koyama Lane.

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<v Jamie Dunphy>Councilor Ryan.

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<v Dan Ryan>Yes, thank you, Council President, and thank you, co-sponsors.

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<v Dan Ryan>I have to admit, Councilor Smith, I went into your office yesterday and, um, I for some reason have had so many random people say you can't pass that.

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<v Dan Ryan>But I, I, like them, at first thought it was universal throughout the whole city on every stop sign, right?

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<v Dan Ryan>And A, that wouldn't be very realistic, and B, it wouldn't be too popular if it was every stop sign throughout the city when you're in an area that's quiet and there's no one around.

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<v Dan Ryan>And then when you targeted it on high crash corridors, when you had data that said these are the intersections where we're having the most pedestrian incidents, I was all in.

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<v Dan Ryan>So I appreciate the fact that you all edited this and made it a targeted use of pedestrian safety.

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<v Dan Ryan>And I'm, I'm in.

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<v Dan Ryan>So thank you.

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<v Dan Ryan>I do look forward to the findings.

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<v Dan Ryan>And so I hope that we have reports on the data.

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<v Dan Ryan>Thank you.

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<v Dan Ryan>Um, that shows the impact of this, and so that we continue to make our decisions based on that type of information called data.

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<v Dan Ryan>Thanks.

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<v Jamie Dunphy>Thank you, Councilor Ryan.

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00:20:20.265 --> 00:20:22.468
<v Jamie Dunphy>Seeing no one else in the queue, Keelan, can we please call the roll?

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00:20:25.289 --> 00:20:25.693
<v Keelan McClymont>Koyama Lane?

195
00:20:26.115 --> 00:20:26.163
<v Tiffany Koyama Lane>Aye.

196
00:20:26.942 --> 00:20:27.329
<v Keelan McClymont>Murillo?

197
00:20:27.816 --> 00:20:27.865
<v Angelita Morillo>Aye.

198
00:20:28.398 --> 00:20:28.739
<v Keelan McClymont>Novick?

199
00:20:29.112 --> 00:20:29.161
<v Steve Novick>Aye.

200
00:20:29.532 --> 00:20:30.084
<v Keelan McClymont>Clark?

201
00:20:32.134 --> 00:20:32.215
<v Olivia Clark>Aye.

202
00:20:34.808 --> 00:20:34.971
<v Eric Zimmerman>Aye.

203
00:20:37.886 --> 00:20:37.935
<v Loretta Smith>Aye.

204
00:20:39.828 --> 00:20:39.910
<v Mitch Green>Aye.

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00:20:43.646 --> 00:20:45.718
<v Keelan McClymont>The ordinance passes with 12 aye votes.

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<v Jamie Dunphy>Congratulations, colleagues.

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<v Jamie Dunphy>Thank you.

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<v Jamie Dunphy>Can we please call item number 3?

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<v Keelan McClymont>Document 2026-242, amend the comprehensive plan map and zoning map for a vacant lot on Northwest 31st Avenue, described as Willamette Heights Addition, Block 18, Lot 14, at the request of Portland Parks and Recreation, LU26-007966-CPZC.

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<v Jamie Dunphy>Colleagues, this is our official second reading, though I think we've heard this a dozen times at this point.

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<v Jamie Dunphy>Uh, is there any further discussion on this hopefully final reading of this item?

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<v Jamie Dunphy>Seeing no one in the queue, Keelan, can we call the roll?

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00:21:34.145 --> 00:21:34.674
<v Keelan McClymont>Koyama Lane?

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00:21:35.653 --> 00:21:35.701
<v Tiffany Koyama Lane>Aye.

215
00:21:36.309 --> 00:21:36.694
<v Keelan McClymont>Murillo?

216
00:21:37.096 --> 00:21:37.144
<v Angelita Morillo>Aye.

217
00:21:37.512 --> 00:21:37.848
<v Keelan McClymont>Novick?

218
00:21:38.298 --> 00:21:38.346
<v Steve Novick>Aye.

219
00:21:38.699 --> 00:21:39.019
<v Keelan McClymont>Clark?

220
00:21:39.259 --> 00:21:39.291
<v Olivia Clark>Aye.

221
00:21:39.596 --> 00:21:39.805
<v Keelan McClymont>Green?

222
00:21:40.622 --> 00:21:40.671
<v Mitch Green>Aye.

223
00:21:41.103 --> 00:21:41.423
<v Keelan McClymont>Zimmerman?

224
00:21:41.825 --> 00:21:41.873
<v Eric Zimmerman>Aye.

225
00:21:42.240 --> 00:21:42.529
<v Keelan McClymont>Avalos?

226
00:21:43.027 --> 00:21:43.075
<v Candace Avalos>Aye.

227
00:21:43.298 --> 00:21:43.731
<v Keelan McClymont>Smith?

228
00:21:44.148 --> 00:21:44.196
<v Loretta Smith>Aye.

229
00:21:44.582 --> 00:21:44.982
<v Keelan McClymont>Kanal?

230
00:21:45.351 --> 00:21:45.383
<v Sameer Kanal>Aye.

231
00:21:45.768 --> 00:21:46.153
<v Keelan McClymont>Pirtle-Guiney?

232
00:21:47.355 --> 00:21:47.499
<v Elana Pirtle-Guiney>Aye.

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00:21:47.867 --> 00:21:48.124
<v Keelan McClymont>Ryan?

234
00:21:48.396 --> 00:21:48.444
<v Dan Ryan>Aye.

235
00:21:49.054 --> 00:21:49.375
<v Keelan McClymont>Dunphy?

236
00:21:49.920 --> 00:21:49.968
<v Jamie Dunphy>Aye.

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00:21:50.576 --> 00:21:53.028
<v Keelan McClymont>The ordinance passes with a vote of 12 ayes.

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<v Jamie Dunphy>Okay, our next item is also listed as a time certain at 9:50.

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<v Jamie Dunphy>It is 9:48.

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<v Jamie Dunphy>We're going to wait 90 seconds.

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<v Jamie Dunphy>Did I tell my joke about the caveman and the bear?

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<v Jamie Dunphy>Yeah.

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<v Jamie Dunphy>Okay, I told that one.

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00:22:17.872 --> 00:22:18.273
<v Jamie Dunphy>It's yours.

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00:22:18.337 --> 00:22:18.949
<v Jamie Dunphy>Time's certain.

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00:22:19.809 --> 00:22:24.172
<v Eric Zimmerman>Council President, I would invite people to the National Night Out at Hillsdale tonight.

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<v Eric Zimmerman>Have a great time.

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<v Eric Zimmerman>National Night Out is a great event.

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<v Eric Zimmerman>I've been to a couple this year.

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<v Eric Zimmerman>Looking forward to it.

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<v Eric Zimmerman>If you're able to come out or go to one in your neighborhood, they're on different nights sometimes.

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<v Eric Zimmerman>You should look it up because they can be a great connection to people you haven't seen in a while.

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<v Eric Zimmerman>Post-COVID, pro-social activity outside, away from your screens and off your couch is a good thing.

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00:22:43.271 --> 00:22:43.913
<v Keelan McClymont>Stop.

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<v Angelita Morillo>That doesn't sound like a joke, Eric.

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<v Jamie Dunphy>Thank you, Councilor.

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<v Steve Novick>Mr. President, Councilor, I fear I need to say that I think that Councilor Green should have declared a conflict in the last item because as green, he obviously is biased against red.

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00:22:58.779 --> 00:23:00.515
<v Angelita Morillo>That's a good one.

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<v Mitch Green>All right, that just shows you I'm willing to overcome my own personal biases in the interest of the city as a whole.

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<v Dan Ryan>Council President, can we go to the administrative report?

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<v Jamie Dunphy>Unfortunately, we, we listed the time that is a time certain.

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00:23:12.576 --> 00:23:13.142
<v Jamie Dunphy>Oh, we did?

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00:23:13.221 --> 00:23:14.174
<v Jamie Dunphy>Yeah, that's my bad.

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00:23:14.432 --> 00:23:15.063
<v Jamie Dunphy>Oh, okay, got it.

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<v Angelita Morillo>This is good.

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<v Olivia Clark>This is looking close.

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<v Jamie Dunphy>Honestly, I appreciate the levity, folks.

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<v Jamie Dunphy>This is a, uh, this is still a fun place to work sometimes.

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<v Jamie Dunphy>All right, um, that's close enough.

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<v Jamie Dunphy>Keelan, can we call item number 4, please?

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<v Keelan McClymont>Item 4, document 2026-293.

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<v Keelan McClymont>August 2026 City Administrator Update.

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<v Jamie Dunphy>Thank you, and thank you everybody for your patience on this.

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<v Jamie Dunphy>Uh, Mr. Administrator— Mr. City Administrator, it's a full title, I apologize.

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<v Jamie Dunphy>Raymond, please update us.

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<v Raymond C. Lee>Thank you, Council President, and good morning to City Council.

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<v Raymond C. Lee>Uh, the theme of this report this month is creativity.

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<v Raymond C. Lee>This is opportunity to highlight creative solutions to problems and innovative ways to approach our work that our city employees have done.

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<v Raymond C. Lee>A few items I wanted to highlight this month on that theme is the Public Environment Management Office has 7 signal wrap installations planned for summer 2026 across all 4 districts.

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<v Raymond C. Lee>These installations add color and joy to the city sidewalks and proactively address issues of tagging and other damage that occur to signal boxes with a goal of saving money on maintenance costs long-term.

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<v Raymond C. Lee>Thank you.

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<v Raymond C. Lee>26-27 Path to Leadership is accepting applications.

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<v Raymond C. Lee>This is a program to support leadership development for a wide range of folks across the city, and we encourage all interested parties to apply.

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<v Raymond C. Lee>The Lloyd Holiday, uh, Relocation Grant is a limited-time grant program developed to support Lloyd Center, uh, mall tenants, uh, activate vacant storefronts, and drive foot traffic in the Lloyd Holiday TIF District by providing funding for moving expenses and tenant improvements.

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<v Raymond C. Lee>Thanks to the Prosper team, city councilors, and mayor's team for quickly standing up this program.

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<v Raymond C. Lee>Oregon DEQ issued the city a solid waste permit after creative, creative collaboration between BES, PP&D, PBOT Maintenance and Operations, and DEQ and Metro yielded updated operational plans, a new storage location, permitting, uh, solutions, and efficient daily operational, uh, continuity.

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<v Raymond C. Lee>PBOT is launching a street cleaning pilot, uh, before bringing back local street cleaning citywide, uh, which we are hearing is a big demand from our public.

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<v Raymond C. Lee>This is in addition to the regular street cleaning of major arterials and collector streets bike lanes and other fall/winter leaf day services.

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<v Raymond C. Lee>The pilot in Keaton, Cathedral Park, and St. John began this summer.

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<v Raymond C. Lee>The City of Portland Safe Blocks team alongside our partners across the public safety service areas hosting, like Councilor Zimmerman just mentioned, 4 National Night Out events this summer.

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<v Raymond C. Lee>The events provide an opportunity for community members and public safety programs to build relationships, Foster trust and strengthen partnerships.

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<v Raymond C. Lee>I also want to note to council that the behavioral health work session referenced on page 2 has been rescheduled to September 9th.

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<v Raymond C. Lee>And also, you'll also note that this month the budget note tracker included as Appendix A includes the current fiscal year FY26-27 budget notes as well as updates from last fiscal year as requested.

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<v Raymond C. Lee>Thank you.

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<v Raymond C. Lee>And just one update on the ICE facility and the land use.

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<v Raymond C. Lee>Uh, this is still being, uh, in the court system now, so there's still no new updates on that.

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<v Raymond C. Lee>I have the DCAs here with me as well to answer any questions or take any feedback that council may have.

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<v Raymond C. Lee>Thank you.

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<v Jamie Dunphy>Mr. City Administrator.

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<v Jamie Dunphy>Councilor Knoll.

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<v Sameer Kanal>Thank you, City Administrator.

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<v Sameer Kanal>Thank you, Council President.

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00:27:19.882 --> 00:27:26.005
<v Sameer Kanal>Um, First, thank you for adding the appendix back with last year's budget notes.

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<v Sameer Kanal>I'm gonna be following up on a couple specific things in there.

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<v Sameer Kanal>I wanted to ask if you could give a little bit more specifics on a couple things.

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00:27:34.869 --> 00:27:46.883
<v Sameer Kanal>The 24/7 RV location at North Portland Road being closed and the folks who are in the RVs, it talks about assistance but doesn't really say more.

307
00:27:47.489 --> 00:27:49.715
<v Sameer Kanal>What is the city doing to support that transition?

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00:27:53.259 --> 00:27:59.057
<v Raymond C. Lee>I know through Portland Solutions, we're looking at how we provide wraparound services in these type of situations.

309
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<v Raymond C. Lee>If the person needs aid or assistance with housing or anything of that sort, that's what we've been looking at providing in those type of situations.

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<v Raymond C. Lee>But I can have Portland Solutions do a more in-depth memo to the council as it relates to the services we are providing and how many people are we interacting with in this, uh, operation.

311
00:28:21.174 --> 00:28:28.337
<v Sameer Kanal>Yeah, I guess, uh, just to put a finer point, just where is someone supposed to go in their RV is the, the real question, um, that I have there.

312
00:28:28.739 --> 00:28:31.431
<v Raymond C. Lee>I'll follow up with you on, on that.

313
00:28:32.071 --> 00:28:38.865
<v Sameer Kanal>Um, it notes the number of candidates who have opted into small donor elections for the year, 24, which I appreciate the update on.

314
00:28:39.522 --> 00:28:41.623
<v Sameer Kanal>Um, but I'm not sure if I should read into that?

315
00:28:41.688 --> 00:28:50.527
<v Sameer Kanal>Any concerns or, or, uh, positives around are we still on track for the full, you know, $100K per tier, that all that, there's no nothing to worry about there?

316
00:28:51.393 --> 00:28:57.664
<v Raymond C. Lee>I haven't heard any concerns from staff as it relates to that, but we can make sure that we follow up on it too as well, make sure.

317
00:28:58.323 --> 00:28:58.788
<v Sameer Kanal>Thanks.

318
00:28:59.413 --> 00:29:07.386
<v Sameer Kanal>On the PGE update, um, it says that the city and PGE reached an agreement on the Harborton project.

319
00:29:07.660 --> 00:29:08.828
<v Sameer Kanal>I have a 2-part question.

320
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<v Sameer Kanal>Were there other parties to the mediation, and were there other parties to the agreement?

321
00:29:15.998 --> 00:29:18.192
<v Raymond C. Lee>There were other parties in the beginning of it.

322
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<v Raymond C. Lee>I think towards the tail end of it, it was, uh, city, uh, negotiating with PGE on as it relates to the overall, uh, agreement that we signed off on that would be coming to council.

323
00:29:31.142 --> 00:29:32.863
<v Sameer Kanal>Okay, okay, so there were others.

324
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<v Sameer Kanal>Okay.

325
00:29:33.750 --> 00:29:34.153
<v Sameer Kanal>Thanks.

326
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<v Sameer Kanal>Appreciate the update on the Lloyd Holiday relocation grant program.

327
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<v Sameer Kanal>I'm very appreciative of that, specifically for the idea of keeping folks in that neighborhood and eventually expanding it to others who would like to move into that neighborhood.

328
00:29:46.442 --> 00:30:00.648
<v Sameer Kanal>Appreciated the shout out to SafeBlocks, to PPB's partnership with OSP on the drug mission there, the street cleaning pilot in Kenton and Cathedral Park and St. Johns.

329
00:30:00.698 --> 00:30:02.692
<v Sameer Kanal>So if you live in those 3 neighborhoods, please look out for that.

330
00:30:02.743 --> 00:30:02.862
<v Raymond C. Lee>Thank you.

331
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<v Sameer Kanal>Um, in these 2, um, I did want to ask a couple questions on the claims clarifications here.

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00:30:10.755 --> 00:30:27.826
<v Sameer Kanal>Um, on the claims list, there are, uh, when it says defense verdict, that means that we went to court, we chose not to settle, and ultimately the court ruled in, in favor of us, or ruled in favor— because it— I'm noting there's a line here.

333
00:30:28.340 --> 00:30:39.276
<v Sameer Kanal>Um, it's on page It alleges— the person alleges that they were injured when PPB officers sprayed him with chemical irritant while filming police activity during protest.

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<v Sameer Kanal>And it says total incurred $173,000.

335
00:30:43.267 --> 00:30:44.630
<v Sameer Kanal>It also says defense verdict.

336
00:30:45.351 --> 00:30:46.761
<v Sameer Kanal>Can I get a little clarity on what that—.

337
00:30:46.761 --> 00:30:48.798
<v Raymond C. Lee>Yeah, I would have to ask legal to weigh in on that.

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00:30:48.862 --> 00:30:52.291
<v Raymond C. Lee>If they— that would have to be a legal interpretation of what that means.

339
00:30:52.965 --> 00:30:53.125
<v Sameer Kanal>Okay.

340
00:30:53.750 --> 00:30:58.400
<v Sameer Kanal>I, I guess it implies that the defense won, meaning us, but also we have a cost.

341
00:30:58.448 --> 00:31:01.493
<v Sameer Kanal>So I'm just trying to make sure I understand that piece, if that was just our legal interpretation.

342
00:31:01.430 --> 00:31:03.943
<v Sameer Kanal>Legal cost or if that— if I'm misinterpreting.

343
00:31:05.685 --> 00:31:11.404
<v Sameer Kanal>And similarly, we asked a couple months ago about information on the claims denied piece.

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00:31:12.569 --> 00:31:22.085
<v Sameer Kanal>So for example, a few lines lower down, also on page 36, there's an allegation of PPB officers damaging property with chemical agents when entering to arrest subject.

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00:31:22.150 --> 00:31:25.959
<v Sameer Kanal>That's marked, among many others, as claim denied with zero.

346
00:31:26.023 --> 00:31:35.273
<v Sameer Kanal>And I just want to understand, like, what's what's the— what's the next— can't— does that just mean that a person can sue after that but they haven't yet, or what exactly happens in those scenarios?

347
00:31:35.693 --> 00:31:40.526
<v Raymond C. Lee>Let us follow up with a legal memo to, to you, Councilor, on that to kind of just break that down.

348
00:31:42.807 --> 00:31:45.169
<v Sameer Kanal>Okay, um, great.

349
00:31:45.799 --> 00:31:47.727
<v Sameer Kanal>And I think that's everything.

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00:31:47.824 --> 00:31:50.894
<v Sameer Kanal>I'll follow up with you on a couple other things afterwards, but thank you so much.

351
00:31:51.576 --> 00:31:52.714
<v Jamie Dunphy>Thank you, Councilor Kanal.

352
00:31:53.022 --> 00:31:53.738
<v Jamie Dunphy>Councilor Koyama Lane.

353
00:31:54.498 --> 00:31:56.986
<v Tiffany Koyama Lane>Thanks, Council President.

354
00:31:57.708 --> 00:32:02.426
<v Tiffany Koyama Lane>Thank you, City Attorney Lee, for sharing in your report about the Path to Leadership program.

355
00:32:02.796 --> 00:32:14.112
<v Tiffany Koyama Lane>My office had the opportunity to attend this year's cohort's presentation day, and we're really genuinely impressed by all of the good ideas and projects that came from our staff.

356
00:32:14.513 --> 00:32:17.338
<v Tiffany Koyama Lane>So the Path to Leadership program is a 9-month program.

357
00:32:18.028 --> 00:32:30.194
<v Tiffany Koyama Lane>It's a leadership development program for emerging city employee leaders who are not in a manager or supervisor role, and it's designed to build leadership skills, foster collaboration across city bureaus.

358
00:32:30.627 --> 00:32:47.545
<v Tiffany Koyama Lane>I know that one of my staff on my council team staff was a member of a cohort in the past, and this is a really challenging time where we're navigating a lot of change and reductions, and my team has been so inspired to see many city staff showing up with energy and commitment to make our city services better.

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00:32:47.961 --> 00:32:59.038
<v Tiffany Koyama Lane>I know that 2 of the projects, those project teams presented at a recent Chief of Staff's meeting, and those 2 projects were quarterly review and cross-service.

360
00:32:59.166 --> 00:33:12.296
<v Tiffany Koyama Lane>And both of those ideas around quarterly capital project reviews and cross-service area circles of practice are ones that can actually be implemented with little to no additional expense and could make a really positive impact.

361
00:33:12.792 --> 00:33:14.106
<v Tiffany Koyama Lane>And so I would— Councilor Loretta Smith.

362
00:33:14.476 --> 00:33:25.709
<v Tiffany Koyama Lane>Love to plug, if it's possible to schedule a time, Council President, for those teams to have a chance to come present to councilors, or maybe even at Committee of the Whole, whatever the appropriate setting would be.

363
00:33:25.788 --> 00:33:26.911
<v Tiffany Koyama Lane>I would love to see that.

364
00:33:26.974 --> 00:33:34.170
<v Tiffany Koyama Lane>I think it's really important to highlight that there's a lot of creativity and innovation amongst our city staff, even as reductions are happening.

365
00:33:34.281 --> 00:33:37.519
<v Tiffany Koyama Lane>So let me know if there's anything I can offer in support with that.

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00:33:37.887 --> 00:33:38.144
<v Tiffany Koyama Lane>Thank you.

367
00:33:39.153 --> 00:33:40.179
<v Jamie Dunphy>Thank you, Councilor Koyama Lane.

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00:33:40.981 --> 00:33:46.403
<v Jamie Dunphy>Councilor Pirtle-Guiney, before I go to you, our city attorney actually has an answer for Councilor Kanal.

369
00:33:48.007 --> 00:33:55.326
<v Nancy Thorington>And I'm happy to put this into an email or memo if it's easier, but you asked the 2 questions about the claims, and the claims technically come from risk, but I can speak to what they were.

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<v Nancy Thorington>So the first one was a defense verdict, and you asked about amount incurred, and yes, that would be legal expenses.

371
00:34:02.286 --> 00:34:10.929
<v Nancy Thorington>And so looking at that one, just 'cause I know what that case is, The city and the officer won on summary judgment.

372
00:34:11.153 --> 00:34:15.179
<v Nancy Thorington>So in federal court, on summary judgment, the judgment was in favor of the city.

373
00:34:15.724 --> 00:34:23.260
<v Nancy Thorington>And those were costs incurred both in the city's internal defense, and I believe in that case the officer had outside counsel.

374
00:34:23.532 --> 00:34:26.338
<v Nancy Thorington>So, and that would be the total expenses there.

375
00:34:26.706 --> 00:34:29.112
<v Nancy Thorington>And RISC could probably give you a more specific breakdown of that.

376
00:34:30.074 --> 00:34:32.414
<v Nancy Thorington>And on the claims denied, that's correct.

377
00:34:32.463 --> 00:34:35.125
<v Nancy Thorington>So that would be a claim that RISC received a tort claim notice for.

378
00:34:35.204 --> 00:34:35.380
<v Nancy Thorington>Okay.

379
00:34:35.702 --> 00:34:39.331
<v Nancy Thorington>Denied the claim and then the individual could sue.

380
00:34:39.396 --> 00:34:44.213
<v Nancy Thorington>But I'd have to look at any given one, but presumably hasn't sued at this point.

381
00:34:44.920 --> 00:34:46.880
<v Sameer Kanal>Yeah, just the 2 I would— I appreciate that.

382
00:34:46.960 --> 00:34:53.288
<v Sameer Kanal>The 2 I was looking at were the 2 alleging use of chemical weapons by the Portland Police Bureau on page 36.

383
00:34:54.315 --> 00:34:59.440
<v Sameer Kanal>Just to clarify that first one, that's the one that summary judgment was granted based on qualified immunity?

384
00:35:02.266 --> 00:35:06.083
<v Nancy Thorington>We got summary judgment on the one that you asked about.

385
00:35:06.452 --> 00:35:13.490
<v Nancy Thorington>I believe the officer got summary judgment on qualified immunity and the city won summary judgment with respect to the Monell claim that was raised.

386
00:35:13.554 --> 00:35:15.972
<v Nancy Thorington>Yes, there were 2 claims raised in that case.

387
00:35:16.213 --> 00:35:16.697
<v Sameer Kanal>Monell claim.

388
00:35:16.842 --> 00:35:17.148
<v Sameer Kanal>Thank you.

389
00:35:20.289 --> 00:35:26.364
<v Nancy Thorington>And I don't have a specific, we can kind of get a specific one on chemical agents.

390
00:35:27.956 --> 00:35:35.460
<v Nancy Thorington>And the claim denied there, I'd have to follow up with risk 'cause that would've never come to our office yet on what kind of where it is in the process.

391
00:35:35.523 --> 00:35:40.826
<v Nancy Thorington>But given the claim date, it probably was just a claim denied and they could sue at some point.

392
00:35:41.532 --> 00:35:41.726
<v Steve Novick>Thank you.

393
00:35:42.592 --> 00:35:43.300
<v Jamie Dunphy>Thank you, Councilor Knoll.

394
00:35:43.476 --> 00:35:44.505
<v Jamie Dunphy>Councilor Pirtle-Guiney, thank you.

395
00:35:45.405 --> 00:35:47.862
<v Elana Pirtle-Guiney>Thank you, Council President, Mr. City Administrator.

396
00:35:49.340 --> 00:36:06.266
<v Elana Pirtle-Guiney>In one of the staff shoutouts, you all had a shoutout to our, Immigration Officer Brenda and the work that she did with one of my team members, Faisal Usman, to put on a forum to help people in our community understand what their rights were.

397
00:36:06.362 --> 00:36:11.693
<v Elana Pirtle-Guiney>I want to thank you for including him in that shout out and also thank the administration for putting those forums on.

398
00:36:11.822 --> 00:36:22.913
<v Elana Pirtle-Guiney>I know that was, I believe, the second of 4 or 5 that you all are doing with different communities to make sure that people within our city know what resources they have available.

399
00:36:23.601 --> 00:36:31.762
<v Elana Pirtle-Guiney>And I think that's a huge part of the work to make sure that everybody not only is welcome in our community but is safe in our community.

400
00:36:32.018 --> 00:36:38.592
<v Elana Pirtle-Guiney>And it's a piece of the work that happens behind the scenes, not at this dais, so people outside of those communities don't always hear about it.

401
00:36:39.250 --> 00:36:44.059
<v Elana Pirtle-Guiney>I think it's important to elevate that, so I appreciate you including it in your report this month.

402
00:36:45.422 --> 00:36:46.432
<v Jamie Dunphy>Thank you, Councilor Pirtle-Guiney.

403
00:36:46.608 --> 00:36:52.898
<v Jamie Dunphy>And, uh, Councilor Koyama Lane, uh, your idea of getting a presentation of those leadership cohort, uh, proposals is a great one.

404
00:36:52.994 --> 00:36:54.780
<v Jamie Dunphy>My office is going to work to figure out how to make that happen.

405
00:36:56.940 --> 00:36:59.757
<v Jamie Dunphy>Colleagues, any further questions for our city administrator about his monthly report?

406
00:37:03.485 --> 00:37:04.233
<v Jamie Dunphy>Thank you very much.

407
00:37:04.934 --> 00:37:06.641
<v Jamie Dunphy>Can we please call item number 6?

408
00:37:07.739 --> 00:37:26.572
<v Keelan McClymont>Document 2026-280, authorize a non-binding term sheet with Rip City Management LLC and Trailblazers Holdings LLC outlining the terms Vermoda Center arena renovation operating and lease agreements that will keep the Portland Trail Blazers playing in Portland for at least 20 more years.

409
00:37:27.552 --> 00:37:28.065
<v Jamie Dunphy>Thank you, Keelan.

410
00:37:28.130 --> 00:37:30.539
<v Jamie Dunphy>Colleagues, we are here at last on August 12th.

411
00:37:30.860 --> 00:37:38.731
<v Jamie Dunphy>We have before us a draft term sheet and a package of amendments carefully put together by our professional negotiators in response to council's input.

412
00:37:39.855 --> 00:37:43.934
<v Jamie Dunphy>I appreciate how these amendments are responsive to so many of the different amendments proposed last week.

413
00:37:44.112 --> 00:37:48.250
<v Jamie Dunphy>In a form that our negotiators agree empowers them as they move through this process.

414
00:37:49.389 --> 00:37:55.755
<v Jamie Dunphy>We are in a position to move this resolution forward with adjustments that have been authored by and have the full support of our negotiating team.

415
00:37:56.382 --> 00:38:01.882
<v Jamie Dunphy>They're responsive to City Council deliberations and maintain a market-rate deal that reflects Portland values.

416
00:38:02.476 --> 00:38:07.128
<v Jamie Dunphy>It has been said many times, but it bears repeating, that this term sheet process is unique.

417
00:38:08.476 --> 00:38:21.447
<v Jamie Dunphy>Usually a legislative body steps in to review terms that have already been discussed and approved our sports team, the Portland Trail Blazers, have yet to officially negotiate on the proposed terms.

418
00:38:22.199 --> 00:38:27.938
<v Jamie Dunphy>And so this sheet is both a carefully measured proposal and our first offer to our negotiating partners.

419
00:38:29.317 --> 00:38:34.302
<v Jamie Dunphy>As this is its own beginning, I would like to quickly review the recent steps that we have taken to arrive here.

420
00:38:35.746 --> 00:38:38.534
<v Jamie Dunphy>2 weeks ago, council considered a draft term sheet in a work session.

421
00:38:38.583 --> 00:38:38.775
<v Jamie Dunphy>Thank you.

422
00:38:39.516 --> 00:38:43.922
<v Jamie Dunphy>That hearing marked the first public engagement in this negotiation by our partners, the Blazers.

423
00:38:44.664 --> 00:38:48.693
<v Jamie Dunphy>We heard them affirm a commitment to the city and heard their feedback on draft terms.

424
00:38:49.612 --> 00:38:59.146
<v Jamie Dunphy>We then worked through the draft term sheet together, learning with the public about what the document actually says and would do.

425
00:39:01.833 --> 00:39:06.659
<v Jamie Dunphy>Then last Wednesday, council returned and heard testimony from the public on the same draft terms.

426
00:39:07.684 --> 00:39:20.498
<v Jamie Dunphy>We heard a panel of community leaders speaking to the Moda Center, the Rose Quarter, and the Low End, and the terms, and then heard from the community at large, stretching over 3 hours of intelligent, passionate commentary from Portlanders.

427
00:39:21.878 --> 00:39:24.512
<v Jamie Dunphy>On Thursday, we finally turned to the legislative process.

428
00:39:25.251 --> 00:39:32.235
<v Jamie Dunphy>Our elected representatives brought a range of proposed amendments to the terms that we've been discussing and on which we'd heard so much feedback.

429
00:39:33.438 --> 00:39:41.639
<v Jamie Dunphy>At the time, I took a principled position that I was not comfortable voting yes on amendments that had not been touched by our lawyers or our professional negotiating team.

430
00:39:41.735 --> 00:39:49.840
<v Jamie Dunphy>And while none of the amendments were adopted that day, we did open and discuss them, and I made a commitment to bringing what had been discussed to our professional team to assess.

431
00:39:50.690 --> 00:39:59.099
<v Jamie Dunphy>My ask to the team was this: please take what we can from these concepts and bring back to us a package that you think moves these terms in the right direction.

432
00:39:59.706 --> 00:40:04.759
<v Jamie Dunphy>More responsive to Portlanders and a stronger position for our negotiators, all fully lawyer-reviewed.

433
00:40:05.476 --> 00:40:13.001
<v Jamie Dunphy>And that package of amendments is before us now, co-sponsored by our full District 2 delegation and crafted with the leadership of our negotiating team.

434
00:40:15.219 --> 00:40:16.929
<v Jamie Dunphy>I believe that the amendments—.

435
00:40:16.961 --> 00:40:18.253
<v Loretta Smith>Is that inside or outside?

436
00:40:18.300 --> 00:40:18.559
<v Keelan McClymont>It's outside.

437
00:40:18.704 --> 00:40:19.027
<v Loretta Smith>Okay.

438
00:40:19.429 --> 00:40:19.672
<v Jamie Dunphy>Thank you.

439
00:40:20.478 --> 00:40:34.559
<v Jamie Dunphy>I believe these amendments give a fair and direct representation of the City of Portland's first offer to the Blazers, adopting smart technical amendments, strengthening our commitment to oversight, and including an additional commitment to revenue shared back to the city we all love.

440
00:40:35.474 --> 00:40:36.985
<v Jamie Dunphy>Negotiations will continue.

441
00:40:37.724 --> 00:40:41.226
<v Jamie Dunphy>I stand by our professional team's assessment that this is a good place to begin.

442
00:40:42.045 --> 00:40:56.534
<v Jamie Dunphy>But I— and I do want to acknowledge that some of my colleagues— that while I said to some of my colleagues that while I set an expectation that amendments heard last week should have been reviewed by our negotiating team to earn my support, there was some genuine confusion about what that request meant.

443
00:40:57.161 --> 00:41:06.217
<v Jamie Dunphy>And when emotions can run as high as the stakes are for the people, for our people and our city, I offer my thanks to this council for mending our fences and finding a way to continue to move forward together.

444
00:41:07.036 --> 00:41:15.304
<v Jamie Dunphy>Today we will open the co-sponsored amendment packages together— Dunphy, Pirtle-Guiney, Ryan, Kanal 1 and 2— discuss and vote on them in that order.

445
00:41:16.092 --> 00:41:26.773
<v Jamie Dunphy>And after any other and, and after any other discussion, we will consider and vote on the proposed technical amendments that conforms our team— our terms to conditions approved by our partners at the county last week.

446
00:41:27.512 --> 00:41:32.300
<v Jamie Dunphy>We'll close with the day with a vote on the— to adopt the underlying resolution and term sheet.

447
00:41:32.974 --> 00:41:39.385
<v Jamie Dunphy>And with that, I will move Dunphy, Pirtle-Guiney, Ryan, Kanal 1 and 2 and ask for a second.

448
00:41:39.481 --> 00:41:40.894
<v Sameer Kanal>Second.

449
00:41:41.954 --> 00:41:44.445
<v Jamie Dunphy>Councilor Clark, I believe, was slightly ahead there.

450
00:41:45.614 --> 00:41:45.952
<v Unidentified speaker>Second.

451
00:41:46.047 --> 00:41:46.369
<v Jamie Dunphy>Thank you.

452
00:41:46.786 --> 00:41:54.434
<v Jamie Dunphy>I'd like to start by recognizing DCA Donnie Oliveira and our negotiating team to help us walk through this amendment package.

453
00:41:54.820 --> 00:42:00.010
<v Jamie Dunphy>And at the end of the presentation, we'll recognize co-sponsors for their remarks and enter into discussion.

454
00:42:01.713 --> 00:42:02.661
<v Jamie Dunphy>Team, it's all yours.

455
00:42:07.349 --> 00:42:10.414
<v Donnie Oliveira>Thank you, Council President, Council Vice President, councilors.

456
00:42:10.608 --> 00:42:12.028
<v Donnie Oliveira>My name is Donnie Oliveira, for the record.

457
00:42:12.778 --> 00:42:14.539
<v Donnie Oliveira>My colleagues will introduce themselves in a second.

458
00:42:15.137 --> 00:42:16.007
<v Donnie Oliveira>Point of order, Mr. President.

459
00:42:16.105 --> 00:42:18.139
<v Eric Zimmerman>Can we please have technical turn up the volume?

460
00:42:18.365 --> 00:42:19.302
<v Eric Zimmerman>I, I can't hear you, Donnie.

461
00:42:19.480 --> 00:42:19.996
<v Donnie Oliveira>Fully understand.

462
00:42:20.110 --> 00:42:20.304
<v Eric Zimmerman>Thanks.

463
00:42:22.307 --> 00:42:28.081
<v Jamie Dunphy>Adam's going to help us crank as much juice out of this system as we can, and I'll ask our presenters to speak directly into the mic.

464
00:42:29.998 --> 00:42:30.679
<v Donnie Oliveira>All right, thank you.

465
00:42:32.206 --> 00:42:33.085
<v Donnie Oliveira>You want to go ahead and introduce yourself?

466
00:42:33.889 --> 00:42:36.246
<v Ken McGare>Uh, Ken McGare from the City Attorney's Office, for the record.

467
00:42:37.985 --> 00:42:42.663
<v Carl Hirsch>Carl Hirsch, managing partner, Stafford All right, thank you, councilors.

468
00:42:42.759 --> 00:42:43.208
<v Donnie Oliveira>Thank you, team.

469
00:42:43.913 --> 00:42:48.239
<v Donnie Oliveira>So before you is going to be 3 proposed amendment packages.

470
00:42:48.286 --> 00:42:49.456
<v Donnie Oliveira>We'll walk through those in a second.

471
00:42:50.050 --> 00:42:59.231
<v Donnie Oliveira>I just want to set the stage here just for the public's record that, as Council President alluded to, these are not normal circumstances by which a term sheet would be developed.

472
00:42:59.983 --> 00:43:14.804
<v Donnie Oliveira>Ideally, we would have been sitting here in front of you with terms that included details not just on the renovation program but other aspects but a normal term sheet would've included the other side's interests, this being the Blazers.

473
00:43:15.559 --> 00:43:34.878
<v Donnie Oliveira>Nonetheless, we're at a position today to ensure that the city's team, now the county's team, and now the state's team understand clearly where we're going, what is the roadmap, and how do we ensure that the deal that we get to keep the Blazers and more specifically to renovate the Moda Center have clear outlines and defined goals.

474
00:43:34.927 --> 00:43:35.054
<v Donnie Oliveira>Thank you.

475
00:43:36.898 --> 00:43:45.460
<v Donnie Oliveira>Last thing I'll just offer is if the council chooses to adopt the resolution today, which includes the term sheet, our task at hand is clear but still very uncertain.

476
00:43:46.454 --> 00:43:58.608
<v Donnie Oliveira>In order for us to come to you all in December with the details you need to make definitive decisions on financing and the renovation, we will need information from the Portland Trail Blazers.

477
00:43:59.201 --> 00:43:59.409
<v Donnie Oliveira>With that—.

478
00:43:59.425 --> 00:44:00.596
<v Candace Avalos>Apologies, point of information.

479
00:44:00.643 --> 00:44:01.349
<v Candace Avalos>Can you say again?

480
00:44:01.445 --> 00:44:03.081
<v Candace Avalos>I couldn't hear the first part of your sentence.

481
00:44:03.128 --> 00:44:03.385
<v Ken McGare>Sorry.

482
00:44:04.331 --> 00:44:09.438
<v Donnie Oliveira>In order for us to come back to you in December, we will need details that we currently do not have.

483
00:44:10.193 --> 00:44:21.094
<v Donnie Oliveira>Those details are related to the renovation-specific terms, the renovation plan, and of course, a term sheet that the Blazers will agree to.

484
00:44:21.833 --> 00:44:27.775
<v Donnie Oliveira>Nonetheless, we move forward because that's the right move for the City of Portland on behalf, again, of the county and our partners at the state as well.

485
00:44:28.014 --> 00:44:28.865
<v Donnie Oliveira>All right, next slide, please.

486
00:44:29.010 --> 00:44:29.188
<v Donnie Oliveira>Thank you.

487
00:44:32.884 --> 00:44:39.637
<v Donnie Oliveira>Before you is— I'm going to walk through the proposed amendments to the resolution, and these are actual— these are the actual language in the resolution.

488
00:44:40.277 --> 00:44:44.628
<v Donnie Oliveira>I'm stating that because when we walk through the term sheet, the way to share it is a little bit more tricky.

489
00:44:46.369 --> 00:44:54.405
<v Donnie Oliveira>The resolution amendments before you incorporate changes that we heard from the council and county deliberations last week and prior.

490
00:44:55.391 --> 00:45:04.893
<v Donnie Oliveira>The spirit of these resolutions amendments are to tighten up the understanding in your direction for us to understand about how the deal will be made.

491
00:45:05.525 --> 00:45:09.615
<v Donnie Oliveira>It'll also emphasize the types of revenues that we're talking about.

492
00:45:10.150 --> 00:45:16.362
<v Donnie Oliveira>And we also want to clarify, you know, how the financial decisions come to you all in that next phase.

493
00:45:17.277 --> 00:45:17.831
<v Donnie Oliveira>Next slide, please.

494
00:45:20.094 --> 00:45:22.764
<v Donnie Oliveira>On these 2 changes, they're the last addition.

495
00:45:23.702 --> 00:45:32.389
<v Donnie Oliveira>This continues with the theme of fiscal responsibility and ensuring that we aren't making any commitments before council has an opportunity to review and have input on that.

496
00:45:32.918 --> 00:45:44.061
<v Donnie Oliveira>Again, those details will be incumbent on our ability to collect information and work with the Blazers to have those details on what the renovations being— renovations dollars are being spent on.

497
00:45:44.817 --> 00:45:48.510
<v Donnie Oliveira>But again, no specific funding sources until those details are outlined.

498
00:45:48.574 --> 00:45:48.847
<v Donnie Oliveira>Thank you.

499
00:45:49.938 --> 00:45:50.485
<v Donnie Oliveira>Next slide, please.

500
00:45:51.722 --> 00:46:15.757
<v Donnie Oliveira>And the last chunk of additions relate to details that you've asked for that we will— are in the term sheet but reinforced here, that we will come back to you all with clarity on the ROI of our financial contributions, everything from the potential revenue streams from the deal as well as the community benefits that we hope to engage the Blazers and our community partners on that are outlined in Exhibit B.

501
00:46:17.041 --> 00:46:28.628
<v Donnie Oliveira>The final resolve that's on here just is explicit to say that we will not weaken our position from the bridge agreement, ensures that our, our next lease agreement and terms are consistent in strength to the existing bridge agreement.

502
00:46:29.132 --> 00:46:34.291
<v Donnie Oliveira>I'm going to stop there to, to take any questions related just to the resolution amendments.

503
00:46:36.047 --> 00:46:36.128
<v Tiffany Koyama Lane>No.

504
00:46:36.708 --> 00:46:37.257
<v Jamie Dunphy>Okay, thank you.

505
00:46:37.594 --> 00:46:41.268
<v Jamie Dunphy>Colleagues, any further questions on this portion of the amendment?

506
00:46:42.969 --> 00:46:43.931
<v Jamie Dunphy>All right, next.

507
00:46:44.074 --> 00:46:44.876
<v Jamie Dunphy>Oh, Councilor Novick.

508
00:46:45.181 --> 00:46:47.697
<v Steve Novick>We're talking just about the resolution, not about the term sheet?

509
00:46:47.760 --> 00:46:48.081
<v Jamie Dunphy>Correct.

510
00:46:48.161 --> 00:46:51.655
<v Jamie Dunphy>That's what— yes, this amendment just changes the language in the resolution.

511
00:46:51.992 --> 00:47:14.474
<v Donnie Oliveira>Yeah, I'll also offer in this moment regarding the resolution, um, there were a lot of discussion last week about, uh, questions that we think are honored and already resolved in the term sheet, and we're happy to answer questions about those related to the joint authorities decision-making authority, its oversight abilities, and its final decision-making on a variety of different aspects.

512
00:47:15.019 --> 00:47:17.317
<v Donnie Oliveira>But nonetheless, let's move to the term sheet slide, please.

513
00:47:18.313 --> 00:47:19.806
<v Jamie Dunphy>Oh, Councilor Kanal has a— I'm sorry.

514
00:47:20.159 --> 00:47:22.344
<v Sameer Kanal>Thank you.

515
00:47:22.954 --> 00:47:28.592
<v Sameer Kanal>This might be a good pivot point anyway, because I think you might have a response that includes the term sheet.

516
00:47:28.672 --> 00:47:39.523
<v Sameer Kanal>At the end in the resolution, at the end of page 3 and the beginning of page 4, there is a Whereas clause that is struck and then rewritten, and I would like you to kind of explain what that means.

517
00:47:41.360 --> 00:47:43.275
<v Sameer Kanal>What what exactly the change was there?

518
00:47:44.514 --> 00:47:58.815
<v Sameer Kanal>It's the one that says that any future ongoing city investments in the Moda Center during the new lease term will be paid for by the actual user fee revenue, and then it replaces it with user fee revenue the city receives from blah blah blah may be explicitly dedicated.

519
00:47:59.489 --> 00:48:09.217
<v Sameer Kanal>It seems clear if you just look at that in a vacuum, but given that none of the text related to it in the actual term sheet changed, I want to understand what that change means.

520
00:48:09.655 --> 00:48:11.498
<v Donnie Oliveira>Thank you for the question, Councilor.

521
00:48:12.000 --> 00:48:14.360
<v Donnie Oliveira>I think there's an opportunity for flexibility there.

522
00:48:15.072 --> 00:48:18.873
<v Donnie Oliveira>We're opening ourselves up to options with that versus the will to May.

523
00:48:20.170 --> 00:48:24.719
<v Sameer Kanal>Okay, simply put, the term sheet still says everything it said before.

524
00:48:24.784 --> 00:48:26.128
<v Sameer Kanal>There's no change in the user fee portion there.

525
00:48:27.858 --> 00:48:28.195
<v Unidentified speaker>Correct.

526
00:48:28.356 --> 00:48:29.958
<v Unidentified speaker>That's correct, Councilor.

527
00:48:30.023 --> 00:48:46.230
<v Unidentified speaker>And the user— the term sheet actually— I think what you're driving at is the term sheet actually says that the revenues received by the city beyond the amounts that are shown on the Exhibit D, and we've talked about that a few times over the weeks, will not be available for capital projects at the arena.

528
00:48:47.447 --> 00:48:58.766
<v Unidentified speaker>So put a finer point on that, or another way of saying that is anything above what we have thank you.

529
00:49:02.132 --> 00:49:07.509
<v Mitch Green>So I'm looking at the text, just following up on Councilor Knoll's question.

530
00:49:07.574 --> 00:49:18.853
<v Mitch Green>So I see that the whereas clause appears to soften that commitment as a sort of, we may spend up to the dollar amounts indeed, but I, I don't see a hard stop.

531
00:49:18.934 --> 00:49:18.983
<v Mitch Green>Okay.

532
00:49:19.181 --> 00:49:25.311
<v Mitch Green>I don't see anything that amends the financial impact statement that does say that we will spend $275 million.

533
00:49:25.358 --> 00:49:37.648
<v Mitch Green>So was that an oversight, or is that— are we still putting in the financial impact statement that the other part of this funding is $275 million pursuant to Exhibit D?

534
00:49:39.059 --> 00:49:39.637
<v Donnie Oliveira>Yeah, Councilor.

535
00:49:39.733 --> 00:49:43.344
<v Donnie Oliveira>So the commitment of the ongoing and the Exhibit D is still there.

536
00:49:43.954 --> 00:49:54.530
<v Donnie Oliveira>I think what What Ken just alluded to is in the event that the user fees go beyond those amounts collected, they were not guaranteed to go right back into the Moda Center.

537
00:49:54.610 --> 00:49:56.981
<v Donnie Oliveira>That's the flexibility that I was alluding to as well.

538
00:49:57.606 --> 00:50:05.059
<v Donnie Oliveira>It would be the Spectator Venue Fund's discretion on how the number above those dollars amount collected in Exhibit D, or how those are spent.

539
00:50:05.523 --> 00:50:16.202
<v Mitch Green>I understand that part, but the change in the red lines in the resolution are talking about the numbers up to that amount and softening it from will to may.

540
00:50:17.235 --> 00:50:28.695
<v Mitch Green>And so that's the piece that I'm saying is the financial impact statement speaks to the numbers up to the $275,000, which is not what you're talking about, which is over the $275,000.

541
00:50:32.853 --> 00:50:41.360
<v Unidentified speaker>Well, I mean, at this point, Councilor, I think one way of answering your question is we still don't have a scope and budget from the Trailblazers about the renovation.

542
00:50:41.407 --> 00:50:47.108
<v Unidentified speaker>So we don't really have any idea of what that ongoing $275,000 over the 20 years is going to be.

543
00:50:48.601 --> 00:50:52.101
<v Unidentified speaker>So we're just trying to provide ourselves flexibility within that.

544
00:50:53.016 --> 00:51:13.150
<v Unidentified speaker>I think that, you know, the kind of the discussions that have been ongoing over the last few months have always presumed that $13.75 million annual amount or $275 million total would be put back into the building.

545
00:51:13.646 --> 00:51:23.021
<v Unidentified speaker>And this was simply meant to clarify and give us flexibility with regards to any amounts over that at some of the questions from others.

546
00:51:24.097 --> 00:51:24.322
<v Mitch Green>Okay.

547
00:51:24.418 --> 00:51:27.547
<v Mitch Green>And that's just to be clear, that's in addition to the renovation budget?

548
00:51:28.014 --> 00:51:31.528
<v Unidentified speaker>The $275 million is in addition to the renovation budget.

549
00:51:32.773 --> 00:51:33.469
<v Jamie Dunphy>Thank you, Councilor Green.

550
00:51:33.905 --> 00:51:35.360
<v Jamie Dunphy>Councilor Knoll?

551
00:51:36.315 --> 00:51:38.693
<v Sameer Kanal>I'm happy to wait until after.

552
00:51:39.242 --> 00:51:39.471
<v Jamie Dunphy>Okay.

553
00:51:39.811 --> 00:51:40.557
<v Jamie Dunphy>Until after—.

554
00:51:40.688 --> 00:51:41.322
<v Jamie Dunphy>Kristen.

555
00:51:41.581 --> 00:51:43.351
<v Jamie Dunphy>Yeah, Kristen, go ahead.

556
00:51:47.284 --> 00:51:48.686
<v Angelita Morillo>Thank you, Council President.

557
00:51:48.802 --> 00:51:53.802
<v Elana Pirtle-Guiney>Again, for the record, my name is Kristen Dennis, working temporarily with the city.

558
00:51:56.009 --> 00:52:02.010
<v Elana Pirtle-Guiney>Just to answer the question a little bit more, part of the intent behind changing this language and addressing it this way Yes.

559
00:52:02.204 --> 00:52:15.001
<v Elana Pirtle-Guiney>And the other thing is we heard last week from particularly Councilor Green and Avalos wanting to have some flexibility on which buckets are used for which financial contributions.

560
00:52:15.048 --> 00:52:28.036
<v Loretta Smith>So for instance, this allows potentially spectator funds to be used for that initial $120,000 should the council decide to do that.

561
00:52:31.393 --> 00:52:39.623
<v Jamie Dunphy>Thank you, Kristen.

562
00:52:40.706 --> 00:52:41.514
<v Jamie Dunphy>Councilor Knoll.

563
00:52:42.226 --> 00:53:07.815
<v Sameer Kanal>Yeah, just to follow up on Councilor Green's question, um, there were other things that were brought up in the impact statement last time, um, on the— this is on the resolutions still, uh, specifically the second full paragraph, third total I guess, on the financial and budgetary impacts that were raised as, you know, should we be presenting as fact things that are contestable propositions in here?

564
00:53:08.746 --> 00:53:12.356
<v Sameer Kanal>Was this discussed or was it just it's in the impact statement so it didn't get to be a part of it?

565
00:53:12.534 --> 00:53:14.331
<v Sameer Kanal>Can you describe the process for evaluating that?

566
00:53:14.699 --> 00:53:16.224
<v Donnie Oliveira>Yeah, thanks for the question, Councilor.

567
00:53:16.449 --> 00:53:21.005
<v Donnie Oliveira>Um, in all, in all honesty, we didn't contemplate redrafting the impact statements.

568
00:53:21.054 --> 00:53:23.094
<v Donnie Oliveira>We were largely focused on the Term sheet and resolution.

569
00:53:23.510 --> 00:53:29.697
<v Donnie Oliveira>It's something that we can, can go back and, and change though, if that's— if there are things you want to strike.

570
00:53:30.018 --> 00:53:39.226
<v Sameer Kanal>I think, I think that 3rd paragraph, at the— at a minimum, noting its contestability for me, but I, I will defer to Councilor Green on what's relevant to him.

571
00:53:40.143 --> 00:53:54.070
<v Mitch Green>Yeah, I mean, I offered an amendment last week that would have done what we need to do, which would— I mean, the financial and budgetary impact statement, if you look at the drafting Manual for the auditor is not a place to describe potential economic impact analysis.

572
00:53:54.134 --> 00:53:57.016
<v Mitch Green>It's to describe very specifically the impact in the city's budget.

573
00:53:57.451 --> 00:53:59.103
<v Mitch Green>So all this front matter doesn't belong there.

574
00:53:59.782 --> 00:54:04.333
<v Mitch Green>If we want to make a change, you need to go back and look at Green Avalos 1 from last week, which does all that.

575
00:54:04.802 --> 00:54:05.172
<v Mitch Green>Thanks.

576
00:54:06.010 --> 00:54:08.139
<v Jamie Dunphy>Thank you, councilors.

577
00:54:10.860 --> 00:54:13.110
<v Jamie Dunphy>Donnie, want to take us— all right, through the next part?

578
00:54:13.583 --> 00:54:13.827
<v Donnie Oliveira>Okay.

579
00:54:14.313 --> 00:54:15.331
<v Donnie Oliveira>Let's advance slides, please.

580
00:54:18.097 --> 00:54:20.925
<v Mitch Green>People are lined up at the food bank.

581
00:54:21.184 --> 00:54:28.916
<v Donnie Oliveira>All right, so for the term sheet, um, review, uh, just given the nature of how the edits landed, they're a little bit more challenging to share on a slide.

582
00:54:29.516 --> 00:54:34.043
<v Donnie Oliveira>Um, we're going to walk through the sort of the, the each amendment, just describing its impact.

583
00:54:34.108 --> 00:54:38.454
<v Donnie Oliveira>Again, these details came from, um, conversations from you all and as well as the county.

584
00:54:39.324 --> 00:54:46.869
<v Donnie Oliveira>Um, so one of the first elements that was added is we added a footnote in the preamble referencing SB 1501 and included that as an exhibit.

585
00:54:47.630 --> 00:54:54.041
<v Donnie Oliveira>That was logical given that we did the same maneuver with the county's resolution as well.

586
00:54:54.972 --> 00:55:02.438
<v Donnie Oliveira>We also strengthened language related to the renovation budget regarding the Joint Authority's approval for the public funding contribution.

587
00:55:02.875 --> 00:55:08.043
<v Donnie Oliveira>This was heard loud and clear that we wanted to be more explicit about the approval stance that the Jordan Authority has.

588
00:55:09.117 --> 00:55:13.702
<v Donnie Oliveira>We also included clarifying language related to the city's development rights.

589
00:55:14.166 --> 00:55:24.793
<v Donnie Oliveira>We had that conversation at City Life, and we just were explicit that the city owns the parcels and will and continues to own those parcels and have development right authority beyond the bridge agreement.

590
00:55:25.708 --> 00:55:32.936
<v Donnie Oliveira>We also added this language related to third-party leases that acknowledges that the funding contributions will include benefits for third-party tenants.

591
00:55:32.985 --> 00:55:33.097
<v Donnie Oliveira>Thank you.

592
00:55:33.822 --> 00:55:37.271
<v Donnie Oliveira>I think it's pretty clear on who we're referring to on that.

593
00:55:38.465 --> 00:55:39.014
<v Donnie Oliveira>Next slide, please.

594
00:55:42.050 --> 00:55:49.396
<v Donnie Oliveira>And probably one of the more material changes was adding of a, of a rent element at $2 million per year with an escalator of a CPI-W.

595
00:55:49.670 --> 00:55:58.945
<v Donnie Oliveira>This was obviously— we heard from both the county and you all about interests and, and rents or, or tenant lease payments.

596
00:55:59.576 --> 00:56:01.407
<v Donnie Oliveira>And so this element is in there reflecting that.

597
00:56:02.385 --> 00:56:15.460
<v Donnie Oliveira>We also added some stronger language related to the community benefits and specifically talking about their investment in their charitable work with the community and also language related to them reporting back.

598
00:56:15.507 --> 00:56:24.003
<v Donnie Oliveira>So provisions about reporting back on whatever community benefits are negotiated, having a report-back mechanism on that.

599
00:56:24.726 --> 00:56:36.829
<v Donnie Oliveira>We also, to to strengthen the list of organizations we gave examples of in the CBA Exhibit B, just to again demonstrate the types of organizations that we would work with.

600
00:56:37.246 --> 00:56:40.086
<v Donnie Oliveira>Again, just want to reiterate that we are not negotiating the CBA today.

601
00:56:40.760 --> 00:56:47.036
<v Donnie Oliveira>The CBA would be negotiated with all parties— Blazers, community organizations, the county— as necessary.

602
00:56:47.436 --> 00:56:51.706
<v Donnie Oliveira>But Exhibit B outlines the direction that we'd like those conversations to go.

603
00:56:51.755 --> 00:56:51.851
<v Donnie Oliveira>Thank you.

604
00:56:53.039 --> 00:56:54.387
<v Donnie Oliveira>Uh, next slide, please.

605
00:56:55.384 --> 00:57:13.815
<v Donnie Oliveira>And then last, the 3rd amendment package that's in front of you today is, is a technical amendment which really adds the Multnomah County as a party to this negotiation, including them as a joint authority, um, a member, as well as added their resolution, which is included as an exhibit in the complete package.

606
00:57:14.891 --> 00:57:17.429
<v Donnie Oliveira>And so that wraps up the, the additional 2 packages.

607
00:57:18.246 --> 00:57:18.744
<v Jamie Dunphy>Thank you, Donnie.

608
00:57:18.903 --> 00:57:19.561
<v Jamie Dunphy>Councilor Knoll?

609
00:57:20.346 --> 00:57:21.003
<v Jamie Dunphy>Oh, legacy hand.

610
00:57:21.068 --> 00:57:21.677
<v Jamie Dunphy>Okay, great.

611
00:57:22.429 --> 00:57:23.871
<v Jamie Dunphy>Councilor Avalos.

612
00:57:25.059 --> 00:57:35.012
<v Candace Avalos>All right, I have a series of questions, and, um, let me start with a quick one, which is as it relates to the rent.

613
00:57:35.251 --> 00:57:36.710
<v Candace Avalos>Thank you for putting it in there.

614
00:57:37.400 --> 00:57:39.659
<v Candace Avalos>Is that money going directly to the general fund?

615
00:57:40.621 --> 00:57:42.112
<v Candace Avalos>Where's the money from the rent going?

616
00:57:42.929 --> 00:57:49.217
<v Donnie Oliveira>We haven't comp— uh, contemplated that mechanism, Councilor, but I— it would It would assume be a general fund contribution.

617
00:57:49.264 --> 00:57:55.190
<v Donnie Oliveira>We'd have to talk to our finance team about that, but it would not go to the spectator fund.

618
00:57:55.847 --> 00:58:03.876
<v Candace Avalos>Yeah, it would be helpful to just understand that that rent is not going to just go back into the building because that's my concern.

619
00:58:03.972 --> 00:58:05.835
<v Candace Avalos>It is not explicit in here.

620
00:58:05.900 --> 00:58:11.246
<v Candace Avalos>The way that it reads in the term sheet is that it is— it doesn't have where it's going.

621
00:58:12.050 --> 00:58:17.186
<v Sameer Kanal>This year we got 7 schools shut down, and we want to talk about renovation?

622
00:58:17.443 --> 00:58:18.181
<v Sameer Kanal>Fuck this.

623
00:58:18.887 --> 00:58:21.168
<v Sameer Kanal>Our taxes should be spent on our children.

624
00:58:21.215 --> 00:58:24.731
<v Elana Pirtle-Guiney>That's going to bring more tax to our community.

625
00:58:25.710 --> 00:58:26.096
<v Candace Avalos>I agree.

626
00:58:26.353 --> 00:58:26.626
<v Candace Avalos>Thanks.

627
00:58:27.396 --> 00:58:36.980
<v Candace Avalos>Um, so yeah, I think, uh, my next question then— well, actually, let me just end on that to say, is there a way to make it more explicit?

628
00:58:37.043 --> 00:58:39.179
<v Candace Avalos>Is it that you don't want to be explicit about where it goes?

629
00:58:40.480 --> 00:58:42.101
<v Donnie Oliveira>Councilor, yeah, we could make it more explicit.

630
00:58:42.405 --> 00:58:45.086
<v Donnie Oliveira>It was— we were not intending it to go back to the fund.

631
00:58:45.135 --> 00:58:45.472
<v Donnie Oliveira>Yeah.

632
00:58:45.552 --> 00:58:47.447
<v Carl Hirsch>That really has nothing to do with the Blazers.

633
00:58:48.217 --> 00:58:51.574
<v Carl Hirsch>So in the term sheet, we're focusing on the Blazers and what they give us.

634
00:58:51.637 --> 00:58:55.074
<v Carl Hirsch>How the city decides to utilize that is up to the city.

635
00:58:55.603 --> 00:59:02.619
<v Carl Hirsch>So I think it confuses the issue if we put it into the specific use into where the— to the Blazers.

636
00:59:02.811 --> 00:59:10.327
<v Candace Avalos>Sure, but we are dedicating other It would, it would be—.

637
00:59:10.554 --> 00:59:17.311
<v Donnie Oliveira>We can check in with, with Director Levine and, and get back to you about that mechanism, but that seems like a reasonable, uh, addition.

638
00:59:17.893 --> 00:59:19.170
<v Candace Avalos>All right, next question.

639
00:59:19.867 --> 00:59:27.755
<v Candace Avalos>So here's what I want to understand about where we're at with this amendment package, what has taken to get to here, right?

640
00:59:27.804 --> 00:59:34.936
<v Candace Avalos>Because the whole thing that we heard last week was we want the negotiating team to vet these ideas, right?

641
00:59:35.065 --> 00:59:46.722
<v Candace Avalos>And so can the negotiating team clarify for the record which of council's requested owner contributions, for example, were actually presented to RIP City Management or Trailblazers ownership?

642
00:59:47.172 --> 01:00:04.784
<v Candace Avalos>Specifically, were private capital contributions, revenue sharing, participation in naming rights, things that I brought last week that I was told were not viable, but is it because they were rejected by the Blazers, or is it because the negotiating team did not advance those requests?

643
01:00:06.340 --> 01:00:07.130
<v Donnie Oliveira>Thank you for the question, Councilor.

644
01:00:09.199 --> 01:00:13.958
<v Donnie Oliveira>We requested all those things and more of the Blazers back in June.

645
01:00:14.186 --> 01:00:14.965
<v Donnie Oliveira>The exact date, Ken?

646
01:00:17.199 --> 01:00:18.871
<v Unidentified speaker>I believe it was July 6th.

647
01:00:19.375 --> 01:00:19.813
<v Donnie Oliveira>July 6th.

648
01:00:20.608 --> 01:00:23.577
<v Donnie Oliveira>So all those, all those things plus were asked of the Blazers.

649
01:00:24.898 --> 01:00:33.865
<v Donnie Oliveira>And while we did not get a formal response, which we've been requesting, we've heard very clearly through the conversations we have with leadership that those are non-starters.

650
01:00:34.443 --> 01:00:43.570
<v Donnie Oliveira>And also, just broadly speaking, change the math on that 573 component that was originally framed in the spring.

651
01:00:44.340 --> 01:00:47.853
<v Candace Avalos>Okay, so they did not give us an affirmative no.

652
01:00:48.335 --> 01:00:50.099
<v Candace Avalos>They just gave vibes that they don't want to.

653
01:00:50.179 --> 01:00:54.597
<v Candace Avalos>They talked to the media that they didn't want to, but they didn't tell you in writing officially no.

654
01:00:54.936 --> 01:00:55.244
<v Unidentified speaker>Correct.

655
01:00:55.420 --> 01:00:55.791
<v Unidentified speaker>That's correct.

656
01:00:56.065 --> 01:00:56.550
<v Unidentified speaker>Okay.

657
01:00:56.695 --> 01:01:02.402
<v Unidentified speaker>I think, Councilor, it's fair to say what we asked them is what will be the private contribution.

658
01:01:02.822 --> 01:01:15.206
<v Unidentified speaker>And as part of the negotiation, I think as Donnie started off the meeting, in a normal scenario, we would've reached a meeting of the minds on this term sheet and come to you with a term sheet.

659
01:01:15.822 --> 01:01:18.494
<v Unidentified speaker>And we asked them what would be the private contribution.

660
01:01:19.869 --> 01:01:23.396
<v Unidentified speaker>Next, you know, the negotiating would have been, and how is that made up?

661
01:01:23.704 --> 01:01:28.992
<v Unidentified speaker>And that could have been from all of the things that you listed in your proposed amendment last week.

662
01:01:29.139 --> 01:01:34.081
<v Unidentified speaker>You know, a combination, one, it just never worked out that way.

663
01:01:34.710 --> 01:01:35.210
<v Candace Avalos>Okay, thank you.

664
01:01:36.759 --> 01:01:46.188
<v Candace Avalos>As it relates to the protections, the amendment package directs staff to preserve protections comparable to the existing bridge agreement.

665
01:01:46.255 --> 01:01:49.009
<v Candace Avalos>Again, this was another amendment that I had raised that concept.

666
01:01:49.088 --> 01:01:51.079
<v Candace Avalos>So thank you for adding some language on that.

667
01:01:51.161 --> 01:01:56.347
<v Candace Avalos>But can you all clarify— and I don't know if maybe the city attorney needs to clarify this— like, what does that mean?

668
01:01:56.458 --> 01:02:03.090
<v Candace Avalos>Like, does that include preserving existing, like, private matching principles, for example, existing city rights and claims?

669
01:02:03.202 --> 01:02:12.018
<v Candace Avalos>Any— like, I want to understand in lawyer speak what that means for how to protect those existing agreements in the bridge agreement.

670
01:02:12.097 --> 01:02:12.291
<v Unidentified speaker>Sure.

671
01:02:12.500 --> 01:02:18.711
<v Unidentified speaker>I think it's fair to say that the 1995 agreements are antiquated in some respects.

672
01:02:18.840 --> 01:02:21.248
<v Unidentified speaker>And Mr. Hirsch can speak to this a little bit.

673
01:02:21.360 --> 01:02:35.547
<v Unidentified speaker>And I think you've heard from others that the new suite of agreements for arena and stadium deals are more protective of cities, or they're structured a little differently.

674
01:02:35.789 --> 01:02:43.909
<v Unidentified speaker>We have no intention of going into negotiations downgrading any kind of the rights and remedies that the city has right now.

675
01:02:44.360 --> 01:02:58.849
<v Unidentified speaker>In fact, we will probably strengthen them, particularly with regards to the non-relocation agreements and some of the other terms in the lease that will be a little bit more specific and a little bit more enforceable.

676
01:02:59.987 --> 01:03:00.423
<v Candace Avalos>Thank you.

677
01:03:01.621 --> 01:03:02.884
<v Candace Avalos>We have 3 amendments before us.

678
01:03:03.385 --> 01:03:12.547
<v Candace Avalos>I wanted to understand the I wanna make sure that Amendment 3, and just so I'm sure, Amendment 3 is the one where we're adding the Exhibits F and E, right?

679
01:03:13.333 --> 01:03:15.351
<v Candace Avalos>I just wanna make sure that when we—.

680
01:03:15.880 --> 01:03:16.634
<v Unidentified speaker>I think it's just that.

681
01:03:16.713 --> 01:03:19.757
<v Unidentified speaker>It's just Amendment 3 is just F. That's the county.

682
01:03:19.806 --> 01:03:19.965
<v Dan Ryan>Right.

683
01:03:20.126 --> 01:03:20.398
<v Dan Ryan>Yeah.

684
01:03:20.527 --> 01:03:20.782
<v Dan Ryan>Right, right, right.

685
01:03:20.943 --> 01:03:21.248
<v Candace Avalos>Thank you.

686
01:03:21.809 --> 01:03:29.114
<v Candace Avalos>I just wanna, I guess, because the way that you all did that, right, you essentially just copy pasted what the county asked for, what they approved.

687
01:03:29.596 --> 01:03:48.978
<v Candace Avalos>But I don't, I wanna understand how is that going to interact with what we approve in either Amendments 1 and 2 or whatever we end up approving is, um, that, uh, what am I trying to say, will Amendment 3 not inadvertently weaken anything that we approve in our version?

688
01:03:49.090 --> 01:03:54.032
<v Candace Avalos>I just want to understand what the county's relationship and us putting that in there, how that affects what we're asking for as the city.

689
01:03:54.369 --> 01:03:55.590
<v Donnie Oliveira>Thank you for the question, Councilor.

690
01:03:55.750 --> 01:03:57.452
<v Donnie Oliveira>I should have said this in my original talking points.

691
01:03:58.012 --> 01:04:14.373
<v Donnie Oliveira>Our current read of the Oh yeah, our current read of the resolution language is that many of the themes that would be in a term sheet are in the term sheet minus the rent, which was included, and all the other elements will be, will be discussed with the city and the county outside of the term sheet.

692
01:04:14.436 --> 01:04:17.563
<v Donnie Oliveira>They're more city-county relationship issues, not term sheet.

693
01:04:17.900 --> 01:04:29.617
<v Donnie Oliveira>So our current understanding is, uh, the amendments are in there, either already were in there or we've added Language to strengthen and be consistent with our directives.

694
01:04:29.826 --> 01:04:34.228
<v Unidentified speaker>I think we wanted— again, the term sheet is to the Trailblazers.

695
01:04:34.340 --> 01:04:41.202
<v Unidentified speaker>We wanted to make clear to them that the county had conditions for their funding and some requests.

696
01:04:41.474 --> 01:04:52.842
<v Unidentified speaker>And so how we've structured it is as a footnote that says the county will be part of the joint authority, and the conditions to their public funding are expressed in the exhibit, which is the resolution.

697
01:04:52.956 --> 01:04:59.039
<v Unidentified speaker>We didn't want to At least I didn't want to speak for them other than what they said themselves, which was the resolution.

698
01:05:00.556 --> 01:05:00.815
<v Candace Avalos>Thank you.

699
01:05:00.864 --> 01:05:02.903
<v Candace Avalos>That's helpful.

700
01:05:03.228 --> 01:05:05.574
<v Candace Avalos>Last question, and then I'll have one thing to say.

701
01:05:08.137 --> 01:05:11.911
<v Candace Avalos>We've been talking a lot about the term sheet being a floor or ceiling.

702
01:05:12.172 --> 01:05:14.472
<v Candace Avalos>We've been talking about, at least I have, right?

703
01:05:14.601 --> 01:05:16.838
<v Candace Avalos>Is it— what is the box you are negotiating from?

704
01:05:17.521 --> 01:05:39.181
<v Candace Avalos>And because we're coming at this term sheet without all of the information, as you said at the Can you help me understand that— is this what we approve today, if we approve it today, is it intended to serve as the city's minimum negotiating position and that any material weakening of those protections would return to council before approval?

705
01:05:39.244 --> 01:05:52.929
<v Candace Avalos>I just want to again, and I also asked you last time, if you have another great opportunity that they magically present that wasn't something we discussed, Thank you for that question, Councilor.

706
01:05:52.929 --> 01:05:54.849
<v Donnie Oliveira>I'll take a stab at it and turn it over to Carl.

707
01:05:55.590 --> 01:05:59.300
<v Donnie Oliveira>We're not thinking about this as a ceiling or a floor.

708
01:05:59.369 --> 01:06:01.230
<v Donnie Oliveira>This is just a position to start from.

709
01:06:01.789 --> 01:06:08.519
<v Donnie Oliveira>You can appreciate that in any negotiation, they're going to come with their own asks and aspects, which will change the dynamics quite a bit.

710
01:06:08.929 --> 01:06:18.628
<v Donnie Oliveira>So to your second part about if there are new elements that come in over time that are especially those that are beneficial to the city, I think that's a question that we'll have to Of course, we would, we would, you know, take action to, you know, realize them.

711
01:06:18.675 --> 01:06:20.380
<v Donnie Oliveira>But Carl, do you want to add your thoughts, please?

712
01:06:20.507 --> 01:06:21.536
<v Unidentified speaker>Yeah, thanks, Donnie.

713
01:06:23.481 --> 01:06:26.976
<v Unidentified speaker>This is really the framework for us to open negotiations with them.

714
01:06:27.202 --> 01:06:31.849
<v Unidentified speaker>So I assume there will be a lot of push and pull on a lot of these different issues.

715
01:06:31.978 --> 01:06:37.938
<v Unidentified speaker>So I think everything is really on the table once we get to the table, and this just gets us to the table.

716
01:06:38.519 --> 01:06:39.699
<v Candace Avalos>Okay, thank you so much.

717
01:06:40.507 --> 01:06:41.994
<v Candace Avalos>Thank you for answering those questions.

718
01:06:42.125 --> 01:06:49.697
<v Candace Avalos>I will then share my comments on how I feel about the So I'll start by saying something that might surprise people after our conversation.

719
01:06:50.291 --> 01:06:50.659
<v Candace Avalos>Thank you.

720
01:06:50.996 --> 01:06:53.387
<v Candace Avalos>I am genuinely grateful for this amendment package.

721
01:06:54.384 --> 01:06:59.936
<v Candace Avalos>I spent a lot of time going through it, and I think that you all heard a significant amount of what council raised last week.

722
01:07:00.724 --> 01:07:02.489
<v Candace Avalos>So thank you to Donnie and the team.

723
01:07:02.713 --> 01:07:04.143
<v Candace Avalos>I want to give you that credit.

724
01:07:05.121 --> 01:07:10.643
<v Candace Avalos>Last week, I introduced a lot of amendments, 12, I guess 13 with Green Avalos 1.

725
01:07:10.980 --> 01:07:26.333
<v Candace Avalos>And because I believe that the term sheet needed stronger protections for Portlanders, and not all of those ideas were— I didn't expect them to appear exactly as I wrote them, but I do see in here how you wanted to, or how you got to the underlying principles, and that's what mattered most to me.

726
01:07:27.438 --> 01:07:33.208
<v Candace Avalos>So some of the highlights of what I appreciate that you added: I wanted us to protect the city's development rights.

727
01:07:33.271 --> 01:07:34.746
<v Candace Avalos>Thank you for making that explicit.

728
01:07:34.793 --> 01:07:43.048
<v Candace Avalos>Like I said last week, I just felt like it was silent on that, and I wanted to be clear that the Blazers don't get to keep those I wanted protections around the other professional sports.

729
01:07:43.114 --> 01:07:44.572
<v Candace Avalos>Thanks for adding more language on that.

730
01:07:45.711 --> 01:07:47.010
<v Candace Avalos>Stronger maintenance protections.

731
01:07:47.059 --> 01:07:49.239
<v Candace Avalos>That's why I'm asking these questions about the bridge agreement.

732
01:07:49.288 --> 01:07:55.960
<v Candace Avalos>I just want to ensure that we're not going to get back a deal where we have to pay 100% of maintenance when we're currently paying 50%.

733
01:07:56.922 --> 01:08:00.161
<v Candace Avalos>Thank you for adding the accountability stuff around community benefits.

734
01:08:00.626 --> 01:08:05.197
<v Candace Avalos>Again, not exactly how I asked for it, but I think still accomplishes what I was trying to do.

735
01:08:05.806 --> 01:08:16.610
<v Candace Avalos>And a lot of my other amendments were about getting greater clarity about the city's financial exposure and more council oversight before additional public dollars could be committed.

736
01:08:16.658 --> 01:08:19.944
<v Candace Avalos>So thank you for attempting to address some of Green Avalos 1.

737
01:08:20.009 --> 01:08:23.807
<v Candace Avalos>It definitely doesn't get to what I'm asking for, but I think it starts to.

738
01:08:24.561 --> 01:08:25.747
<v Candace Avalos>And importantly, I wanted rent.

739
01:08:26.115 --> 01:08:35.077
<v Candace Avalos>So I put that forward last week because I think that Rip City should pay rent for a publicly owned arena that they operate and get a lot of revenue from.

740
01:08:35.719 --> 01:08:36.984
<v Candace Avalos>So thank you if that rent is in this package.

741
01:08:37.033 --> 01:08:46.085
<v Candace Avalos>Councilor Avalos, Ultimately, I think how we got here is that council— I'll thank councilors who came forward last week with proposals.

742
01:08:46.132 --> 01:08:50.954
<v Candace Avalos>They did their job last week, scrutinized the proposal, asked difficult questions, offered amendments.

743
01:08:51.019 --> 01:08:57.524
<v Candace Avalos>We disagreed, we voted, and to your credit, I think the negotiation team listened to that discussion and came back with a stronger document.

744
01:08:57.587 --> 01:08:58.051
<v Candace Avalos>So thank you.

745
01:08:58.868 --> 01:09:03.578
<v Candace Avalos>That is exactly why I was so insistent that council needed an opportunity to legislate.

746
01:09:04.475 --> 01:09:07.953
<v Candace Avalos>And so I'm really grateful that this package is materially better because we had that opportunity.

747
01:09:08.001 --> 01:09:08.305
<v Candace Avalos>Councilor Loretta Smith.

748
01:09:08.402 --> 01:09:09.109
<v Candace Avalos>We were able to.

749
01:09:10.233 --> 01:09:18.010
<v Candace Avalos>And I also want to be clear about what I think it demonstrates, that putting amendments forward was not undermining the negotiation, because that's kind of what I kept hearing.

750
01:09:18.909 --> 01:09:23.939
<v Candace Avalos>Asking for more was not irresponsible, because clearly you put things in there that we asked for.

751
01:09:24.613 --> 01:09:30.912
<v Candace Avalos>And council exercising its legislative authority did help improve the city's negotiating position, which is what I'm hearing you say.

752
01:09:30.993 --> 01:09:32.792
<v Candace Avalos>So I just want to make that clear on the record.

753
01:09:33.371 --> 01:09:39.735
<v Candace Avalos>I hope we remember that As this process continues, because this is not the last time that this agreement is gonna come before us.

754
01:09:39.801 --> 01:09:43.815
<v Candace Avalos>So I want us to remember that it is important for us to legislate as councilors.

755
01:09:43.863 --> 01:09:45.967
<v Candace Avalos>So I do support this amendment package.

756
01:09:46.097 --> 01:09:49.706
<v Candace Avalos>I appreciate the work that went into it, and I will plan to support it.

757
01:09:49.916 --> 01:09:50.256
<v Candace Avalos>Thanks.

758
01:09:51.858 --> 01:09:52.764
<v Jamie Dunphy>Thank you, Councilor Avalos.

759
01:09:53.296 --> 01:10:05.786
<v Jamie Dunphy>I actually am going to, before we continue with council discussion and some technical questions about this, I do wanna turn it over to the co-sponsors first and go ahead and get opening remarks from them on this, and then we'll return to full technical questions and council discussion.

760
01:10:05.833 --> 01:10:07.518
<v Jamie Dunphy>So Councilor Pirtle-Guiney, please kick us off.

761
01:10:08.721 --> 01:10:19.180
<v Elana Pirtle-Guiney>Thanks, Council President, and thank you especially to our negotiating team and attorneys who spent some time over the last week looking these pieces over.

762
01:10:20.015 --> 01:10:27.859
<v Elana Pirtle-Guiney>Colleagues, this has been a difficult process the last couple of weeks, and in part that's because we are in a really tough position.

763
01:10:28.456 --> 01:10:35.666
<v Elana Pirtle-Guiney>We have a massive decision about what to do with a city-owned space, and we don't have a good faith negotiating partner.

764
01:10:36.239 --> 01:10:39.319
<v Elana Pirtle-Guiney>So we're having to figure this out a bit in a vacuum.

765
01:10:40.385 --> 01:10:51.475
<v Elana Pirtle-Guiney>And despite the fact that this topic has gotten enormously heated at times, though I think we are in a better place there today, I want to remind us all that nobody up here is the other side.

766
01:10:51.863 --> 01:10:56.163
<v Elana Pirtle-Guiney>We'll be negotiating against another side soon.

767
01:10:57.140 --> 01:11:02.527
<v Elana Pirtle-Guiney>In fact, I think all 12 of us have a shared goal, which is getting the best possible deal for Portland.

768
01:11:02.863 --> 01:11:05.685
<v Elana Pirtle-Guiney>I think that's a goal shared by Portlanders as well.

769
01:11:07.110 --> 01:11:17.641
<v Elana Pirtle-Guiney>Some councilors have focused on getting there by securing as many concessions as possible in the term sheet, and those councilors brought some critical improvements by way of amendments last week to address this.

770
01:11:18.618 --> 01:11:31.856
<v Elana Pirtle-Guiney>Other councilors have been laser-focused on making sure this term sheet is as practical as possible to show everybody involved that Portland is serious and acting in good faith and ready to get that best deal.

771
01:11:33.203 --> 01:11:48.024
<v Elana Pirtle-Guiney>I've been set on ensuring that whether maximizing concessions or practicality or landing somewhere in between, we have the strongest position at the negotiating table, which is sometimes the strongest term sheet and sometimes a little bit different.

772
01:11:50.033 --> 01:11:54.969
<v Elana Pirtle-Guiney>I've negotiated many things over my career, but I have never negotiated a sports arena deal.

773
01:11:55.717 --> 01:12:05.988
<v Elana Pirtle-Guiney>So in trying to figure out what gives us the strongest position at the table, I have to rely on our negotiating team and trust them about what will get us there.

774
01:12:07.810 --> 01:12:27.380
<v Elana Pirtle-Guiney>When I talk to Portlanders in my district, what I hear genuinely Is that folks want to see a fully activated and vibrant Moda Center, and they want a realistic, practical, good deal for the city in any lease agreement with our anchor tenant.

775
01:12:28.167 --> 01:12:31.409
<v Elana Pirtle-Guiney>And I believe that both of these values are critical.

776
01:12:32.036 --> 01:12:38.844
<v Elana Pirtle-Guiney>The first is critical for its implications for our economy, jobs at the Moda Center, our ability to attract investment in the surrounding area.

777
01:12:39.422 --> 01:12:44.869
<v Elana Pirtle-Guiney>And yes, for sports fans and concertgoers who need access at the arena.

778
01:12:45.672 --> 01:12:57.628
<v Elana Pirtle-Guiney>And the second is critical for all Portlanders, including those who don't see themselves in these categories, in this discussion, in this deal, who don't live in that part of town and are honestly just trying to make ends meet in our city.

779
01:12:59.106 --> 01:13:12.020
<v Elana Pirtle-Guiney>I voted no on amendments last week because I was worried we could put at risk Holding both those values, that we could step into a situation where they came in conflict with each other.

780
01:13:12.829 --> 01:13:15.948
<v Elana Pirtle-Guiney>And I wanted us to continue to prioritize balancing them.

781
01:13:17.430 --> 01:13:42.417
<v Elana Pirtle-Guiney>I believe that the process that the council president offered us, that we could take all of our amendments, have our negotiators, our experts about what they need at the table, review them and bring them back— rather, I'm sorry, and bring us back a proposal that both strengthened The term sheet, but also focused on setting us up to have the strongest position in what we know are going to be difficult negotiations with the Blazers, could work.

782
01:13:43.604 --> 01:13:57.918
<v Elana Pirtle-Guiney>I know some councilors disagreed with my analysis and with the approach that I took last week, and I want to be clear that I think we all came in good faith with the approaches we brought to the table, and I know we can disagree on strategy.

783
01:13:58.336 --> 01:13:59.427
<v Elana Pirtle-Guiney>And still work together.

784
01:14:00.520 --> 01:14:23.529
<v Elana Pirtle-Guiney>I was clear in my remarks then that I liked much of what was on the table and hoped to improve the term sheet if our negotiating team felt that it would be— that they would be in a good negotiating position with the Blazers, both in our ability to get a deal done that keeps the Blazers in Portland and in our ability to actually deliver on these benefits for the city.

785
01:14:24.210 --> 01:14:27.047
<v Elana Pirtle-Guiney>It has to be practical, functional, enforceable.

786
01:14:28.572 --> 01:14:31.394
<v Elana Pirtle-Guiney>I'm really impressed with what our team brought back to us.

787
01:14:32.546 --> 01:14:40.101
<v Elana Pirtle-Guiney>It included many of the terms that we heard last week, some of which are materially, financially better for the city.

788
01:14:41.326 --> 01:14:48.551
<v Elana Pirtle-Guiney>And it also, from what I have heard from our team, ensures that we continue to have the strongest possible position at the negotiating table.

789
01:14:48.654 --> 01:14:48.974
<v Elana Pirtle-Guiney>Thank you.

790
01:14:49.492 --> 01:14:57.561
<v Elana Pirtle-Guiney>And that strong position at the negotiating table is not just the term sheet, but how we present it and how we work together in bringing it forward.

791
01:14:58.733 --> 01:15:04.813
<v Elana Pirtle-Guiney>So I hope that as you all look over this term sheet, you can feel good about our next step.

792
01:15:05.519 --> 01:15:15.193
<v Elana Pirtle-Guiney>And I would ask for all of you to consider this with the same good faith that we all brought last week and to help us move forward.

793
01:15:15.240 --> 01:15:15.368
<v Elana Pirtle-Guiney>Thank you.

794
01:15:15.867 --> 01:15:22.871
<v Elana Pirtle-Guiney>On the advice of our experts with what can give us the strongest position at the negotiating table.

795
01:15:23.256 --> 01:15:23.689
<v Elana Pirtle-Guiney>Thank you all.

796
01:15:23.994 --> 01:15:25.006
<v Jamie Dunphy>Thank you, Councilor Pirtle-Guiney.

797
01:15:25.345 --> 01:15:25.890
<v Jamie Dunphy>Councilor Ryan.

798
01:15:27.287 --> 01:15:28.493
<v Dan Ryan>Thank you, Council President.

799
01:15:29.359 --> 01:15:37.826
<v Dan Ryan>And first, thank you for holding this very challenging process, which will go on through December.

800
01:15:38.387 --> 01:15:43.255
<v Dan Ryan>So I know you were a reluctant Council President, but you're doing a really great job.

801
01:15:44.057 --> 01:15:49.824
<v Dan Ryan>Trying to bring us all together and keeping us civilized as we move through this very difficult conversation.

802
01:15:50.162 --> 01:15:51.319
<v Dan Ryan>Thank you, Council President.

803
01:15:51.784 --> 01:15:54.787
<v Dan Ryan>And thank you, negotiating team, for always being direct and clear.

804
01:15:55.623 --> 01:16:00.923
<v Dan Ryan>I know we've had a few salty conversations over the last couple days, and that will continue.

805
01:16:01.485 --> 01:16:07.284
<v Dan Ryan>And this is complicated, and I appreciate your perseverance and your clarity.

806
01:16:07.445 --> 01:16:08.072
<v Dan Ryan>Thank you.

807
01:16:09.506 --> 01:16:11.720
<v Dan Ryan>As many of you know by now, my heart is Rip City.

808
01:16:12.738 --> 01:16:22.097
<v Dan Ryan>I have a lot to say on this topic, and I'm proud that we are here today to come together as a majority to set up our negotiation team for success.

809
01:16:23.989 --> 01:16:26.690
<v Dan Ryan>My why on this is guided by both my head and my heart.

810
01:16:27.466 --> 01:16:28.275
<v Dan Ryan>Let me start with my heart.

811
01:16:28.762 --> 01:16:33.143
<v Dan Ryan>I was 8 in 1970 and attended a Blazer game, and I'll never forget it.

812
01:16:33.889 --> 01:16:41.509
<v Dan Ryan>In fact, I didn't miss a game In every season, even when I rooted for them on the road when I was living in New York City and Seattle.

813
01:16:42.969 --> 01:16:49.350
<v Dan Ryan>I was able to skip school in 1977, my freshman year of high school, and be part of the championship parade.

814
01:16:50.746 --> 01:16:56.807
<v Dan Ryan>I was numb with pain after we blew the 4th quarter lead in LA in the Western Finals in June of 2000.

815
01:16:57.626 --> 01:16:58.636
<v Dan Ryan>God, I could still feel that.

816
01:16:59.326 --> 01:17:02.621
<v Dan Ryan>The joy and the pain of being a Blazer fan is a wild roller coaster.

817
01:17:03.090 --> 01:17:07.545
<v Dan Ryan>It truly begins— but it does do this: it brings us all together.

818
01:17:08.296 --> 01:17:11.844
<v Dan Ryan>When the Blazers are in the playoffs, this town lights up.

819
01:17:13.724 --> 01:17:18.641
<v Dan Ryan>Thank you to the many Blazer fans who have come up to me randomly to share their stories.

820
01:17:19.637 --> 01:17:35.457
<v Dan Ryan>The amount of parents and grandparents talking to me at the various night outs I've been going to and picnics about taking their kid to a Blazer game, of being that kid, And those cherished memories have really reminded me what deep love we have in Portland for Rip City.

821
01:17:37.279 --> 01:17:40.067
<v Dan Ryan>Here's to all of us as we hold that 8-year-old kid in our hearts today.

822
01:17:42.399 --> 01:17:50.409
<v Dan Ryan>Summary of my head on this is clear: jobs, macroeconomics ROI, which is crystal clear.

823
01:17:50.796 --> 01:17:57.436
<v Dan Ryan>If we want to see more money in our general fund during our budget season, You want us to secure our team for the long term.

824
01:17:58.453 --> 01:18:00.115
<v Dan Ryan>And again, jobs.

825
01:18:01.761 --> 01:18:09.408
<v Dan Ryan>I'm grateful to my council colleagues and the administration for the spirited conversations around this starting point for negotiations.

826
01:18:09.828 --> 01:18:16.503
<v Dan Ryan>I'm also grateful to RIP City Management for finally showing up recently and joining us for the work session.

827
01:18:16.856 --> 01:18:18.222
<v Dan Ryan>That was a refreshing little step.

828
01:18:19.990 --> 01:18:22.385
<v Dan Ryan>And this, the state, the county have done their part.

829
01:18:22.895 --> 01:18:26.054
<v Dan Ryan>And it's time for us to do ours, to keep our team home.

830
01:18:26.621 --> 01:18:34.189
<v Dan Ryan>In my 6 years on council, I can't think of a time when the state, the county, and the city have been aligned on an important issue.

831
01:18:36.676 --> 01:18:41.289
<v Dan Ryan>I've seen enough from Tom Dundon to know that he is actively pursuing opportunities elsewhere.

832
01:18:42.420 --> 01:18:44.726
<v Dan Ryan>In fact, I'm no longer really talking to Tom Dundon.

833
01:18:45.243 --> 01:18:48.685
<v Dan Ryan>This is for the NBA Commissioner Adam Silver and fellow owners.

834
01:18:49.582 --> 01:18:53.398
<v Dan Ryan>And the Trailblazer fans as we come together and bring Texas Tom along.

835
01:18:54.856 --> 01:19:00.002
<v Dan Ryan>As a lifelong Blazer fan, no matter where I resided, I have been a true Blazer maniac.

836
01:19:00.644 --> 01:19:06.430
<v Dan Ryan>And as a city councilor, I have to look at the big picture, and I'm going to fight to keep the Trailblazers home.

837
01:19:07.055 --> 01:19:21.882
<v Dan Ryan>Throughout this process, I have doubled down on the economic imperative of keeping the NBA franchise in Portland, and I want to remind Portlanders that we are What we are fighting for— our city, our community, and Portland's economic longevity and vibrancy.

838
01:19:23.429 --> 01:19:24.783
<v Dan Ryan>We are moving forward in good faith.

839
01:19:25.560 --> 01:19:30.399
<v Dan Ryan>Our negotiation team will be set up for success with this vote, and this is just a start.

840
01:19:31.159 --> 01:19:37.216
<v Dan Ryan>The final product is in November— December, and we will look at, look at it the same as it does today.

841
01:19:37.313 --> 01:19:46.096
<v Dan Ryan>So this fight will continue until we secure 20 more years of Rip City in the Rose City.

842
01:19:47.461 --> 01:19:50.172
<v Dan Ryan>I want to close with acknowledgement of my colleagues in D2.

843
01:19:51.393 --> 01:19:54.088
<v Dan Ryan>As you know, we cover a lot of ground with our points of views.

844
01:19:55.550 --> 01:20:11.667
<v Dan Ryan>On this issue, the most important economic development issue in my 6 years on council, we've had many thoughtful, sometimes heated conversations with all 3 of us always committed to success Defined by setting up our negotiation team to win.

845
01:20:13.649 --> 01:20:21.399
<v Dan Ryan>We know our city is much better off for the long term with the Portland Trail Blazers remaining in Portland and yes, residing in D2.

846
01:20:23.500 --> 01:20:32.246
<v Dan Ryan>So glad we're here today for jobs, for our macroeconomics of our city to improve the general fund of our city's budget, and for that 8-year-old kid.

847
01:20:32.537 --> 01:20:32.667
<v Dan Ryan>Thank you.

848
01:20:33.309 --> 01:20:36.471
<v Dan Ryan>I'm proud to vote yes today to move this important work forward.

849
01:20:37.386 --> 01:20:38.158
<v Dan Ryan>And rip city.

850
01:20:38.993 --> 01:20:39.314
<v Dan Ryan>Thanks.

851
01:20:40.438 --> 01:20:41.095
<v Jamie Dunphy>Thank you, Councilor Ryan.

852
01:20:41.480 --> 01:20:41.962
<v Jamie Dunphy>Councilor Knoll.

853
01:20:42.845 --> 01:20:43.664
<v Sameer Kanal>Thank you, Council President.

854
01:20:43.793 --> 01:20:44.661
<v Sameer Kanal>Thank you to you two colleagues.

855
01:20:44.837 --> 01:20:47.711
<v Sameer Kanal>I'm happy to bring these amendments forward again, this time as a package.

856
01:20:48.609 --> 01:20:58.324
<v Sameer Kanal>Regardless of what people might think of the overall term sheet, and we'll discuss that right after these two amendment votes, the amendment package improves the resolution and improves the term sheet before us, and I hope colleagues will support it.

857
01:20:58.516 --> 01:21:00.716
<v Sameer Kanal>I'll keep my comments specific to the amendment package.

858
01:21:01.439 --> 01:21:02.369
<v Sameer Kanal>Just quick recap.

859
01:21:02.449 --> 01:21:07.856
<v Sameer Kanal>The resolution amendments include a commitment to use a regular budget process to allocate dollars, not the continuation of backroom deals.

860
01:21:08.369 --> 01:21:15.878
<v Sameer Kanal>Clarity on the mayor's authority to sign this term sheet by adding that he can commit to the content of the term sheet but cannot commit to the use of any specific funding source.

861
01:21:16.471 --> 01:21:22.359
<v Sameer Kanal>Clarity on the city administrator's authority to negotiate to get something based on this framework but cannot commit to any specific funding source.

862
01:21:22.729 --> 01:21:26.082
<v Sameer Kanal>And an addition of a clause which says that we're committed to some return on investment.

863
01:21:26.418 --> 01:21:27.990
<v Sameer Kanal>Last week I said that this was the bare minimum.

864
01:21:28.119 --> 01:21:30.703
<v Sameer Kanal>I'm grateful not only for the general things, but specifically that this was included.

865
01:21:30.751 --> 01:21:30.926
<v Sameer Kanal>Thank you.

866
01:21:32.194 --> 01:21:36.671
<v Sameer Kanal>The term sheet amendments include a note that the joint authority has final approval over how the public dollars are spent.

867
01:21:36.927 --> 01:21:48.286
<v Sameer Kanal>This in and of itself does not solve any problem, but it is half of a solution, the other half of which will be ensuring council has a direct voice in choosing, not just rubber stamping, who is on the joint authority, and ideally serving on it ourselves.

868
01:21:49.104 --> 01:21:56.469
<v Sameer Kanal>It notes the development rights are with the city, that a commitment to the benefits not only supporting the Blazers but other tenants like the Fire for the first time in ask for rent.

869
01:21:56.613 --> 01:21:56.725
<v Sameer Kanal>Thank you.

870
01:21:57.448 --> 01:22:15.974
<v Sameer Kanal>Clear language on cost overruns being privately funded, annual reports on compliance with community benefits agreements, which will create transparency and trust on that side of the deal, the addition of more community partners for community redevelopment so that in addition to Albina Vision Trust, we're also asking for collaboration with the Strengthen Our Communities Coalition, Elevate Oregon, and the Heller School.

871
01:22:16.568 --> 01:22:21.993
<v Sameer Kanal>Finally, it asks for a commitment from the Blazers to continue their charitable donations, which I think they do anyway, but can't hurt to include.

872
01:22:22.572 --> 01:22:23.487
<v Sameer Kanal>There are also some technical things.

873
01:22:23.534 --> 01:22:23.679
<v Sameer Kanal>Thank you.

874
01:22:24.033 --> 01:22:25.847
<v Sameer Kanal>These are all good things in my view.

875
01:22:26.363 --> 01:22:29.864
<v Sameer Kanal>My goal is to consider each amendment today not for what it could be, but for what it is.

876
01:22:30.057 --> 01:22:39.521
<v Sameer Kanal>And then once we decide on each amendment, look at the overall package and decide if we've gotten far enough to earn my support or not, or if there's something else that we can do that hasn't yet been proposed to make it a little better each time.

877
01:22:40.244 --> 01:22:43.877
<v Sameer Kanal>So on these 2 amendment packages, I'll be voting yes, and I'd ask colleagues to do the same.

878
01:22:44.037 --> 01:22:44.375
<v Sameer Kanal>Thanks.

879
01:22:45.002 --> 01:22:45.885
<v Jamie Dunphy>Thank you, Councilor Kanal.

880
01:22:46.046 --> 01:22:46.737
<v Jamie Dunphy>Thank you, colleagues.

881
01:22:46.993 --> 01:22:52.490
<v Jamie Dunphy>Now we are in council discussion, both technical and Just open discussion of the amendments as moved.

882
01:22:52.878 --> 01:22:53.542
<v Jamie Dunphy>Councilor Novick.

883
01:22:54.252 --> 01:22:55.319
<v Steve Novick>Thank you, Mr. President.

884
01:22:56.840 --> 01:23:11.404
<v Steve Novick>Assuming that— I know that it's 3% or CPI, whichever is less, but assuming that there is a 3% increase in the $2 million in rent over 20 years, what would that work out to in nominal dollars over the course of 20 years?

885
01:23:12.824 --> 01:23:15.443
<v Donnie Oliveira>Councilor, that was— it's about approximately $45 million.

886
01:23:16.061 --> 01:23:17.363
<v Donnie Oliveira>Approximately.

887
01:23:17.573 --> 01:23:29.078
<v Steve Novick>Um, and, uh, also going back to the payment in lieu of taxes, um, what do we think that that will come out to in nominal dollars over the course of 20 years, the city's share of it?

888
01:23:29.737 --> 01:23:32.387
<v Donnie Oliveira>It's approximately $95 to $100 million.

889
01:23:32.452 --> 01:23:33.110
<v Donnie Oliveira>The city's share?

890
01:23:33.256 --> 01:23:34.091
<v Donnie Oliveira>Oh, sorry, the city's share.

891
01:23:35.569 --> 01:23:37.963
<v Donnie Oliveira>I think we'll need to negotiate that with our colleagues at the county.

892
01:23:38.318 --> 01:23:40.775
<v Steve Novick>But if it's a third, then it's around $33 million.

893
01:23:40.889 --> 01:23:41.418
<v Steve Novick>Yeah, sorry.

894
01:23:41.997 --> 01:23:42.320
<v Steve Novick>Thank you.

895
01:23:44.818 --> 01:23:45.622
<v Jamie Dunphy>Thank you, Councilor Novick.

896
01:23:45.720 --> 01:23:46.975
<v Jamie Dunphy>Councilor Morillo.

897
01:23:47.653 --> 01:23:48.119
<v Angelita Morillo>Thank you.

898
01:23:48.765 --> 01:23:51.564
<v Angelita Morillo>And are we just in clarifying questions or everything?

899
01:23:51.902 --> 01:23:52.993
<v Jamie Dunphy>Everything for the amendments.

900
01:23:53.283 --> 01:23:53.444
<v Jamie Dunphy>Okay.

901
01:23:53.588 --> 01:23:56.833
<v Jamie Dunphy>To the amendments though, specifically, but clarifying and discussion.

902
01:23:57.059 --> 01:23:58.103
<v Angelita Morillo>Okay.

903
01:23:58.666 --> 01:24:05.105
<v Angelita Morillo>I'm wondering where the number for the rent came from or how you decided, how you landed on that number, if you can explain that to us.

904
01:24:09.109 --> 01:24:09.351
<v Unidentified speaker>Sure.

905
01:24:09.788 --> 01:24:14.045
<v Unidentified speaker>Uh, we looked at, uh, what was out there in the industry.

906
01:24:14.238 --> 01:24:16.149
<v Unidentified speaker>We looked at what would be reasonable.

907
01:24:16.630 --> 01:24:20.560
<v Unidentified speaker>We looked at what the county did, and that's how we determined the rent number.

908
01:24:21.355 --> 01:24:23.012
<v Unidentified speaker>We wanted to be aligned with the county.

909
01:24:25.878 --> 01:24:30.109
<v Angelita Morillo>Okay, but we're not aligned with the county on some other things.

910
01:24:33.082 --> 01:24:43.935
<v Donnie Oliveira>There are things that the county put in their resolution that are more city-county relational conversations, less Blazers-focused.

911
01:24:47.412 --> 01:24:47.591
<v Angelita Morillo>Okay.

912
01:24:48.528 --> 01:25:00.520
<v Angelita Morillo>I mean, I think that the conflicts of things that they have promised to certain groups on the deal are going to be a conflict that the city has to address as well, because some of our amendments to the term sheet directly conflict with that.

913
01:25:01.900 --> 01:25:03.378
<v Angelita Morillo>But I understand that.

914
01:25:03.524 --> 01:25:03.769
<v Angelita Morillo>Okay.

915
01:25:06.493 --> 01:25:14.804
<v Angelita Morillo>I would have preferred a more rigorous analysis for the rent decision since it was one of the biggest asks that we have up here.

916
01:25:17.993 --> 01:25:21.255
<v Angelita Morillo>Thankful for my colleagues who brought up amendments last week.

917
01:25:22.943 --> 01:25:24.420
<v Angelita Morillo>I appreciate your efforts.

918
01:25:25.408 --> 01:25:26.449
<v Angelita Morillo>Our efforts, really.

919
01:25:26.710 --> 01:25:30.613
<v Angelita Morillo>And it is because of that that this term sheet is going to be improved.

920
01:25:31.252 --> 01:25:43.327
<v Angelita Morillo>And thank you to the advocates for pushing us to bring all of those things and for all of the, frankly, free labor and research that the community did to get us to a much better position, because we wouldn't have been here without you.

921
01:25:44.735 --> 01:25:50.291
<v Angelita Morillo>And I am glad everyone got a chance to give a big speech now that they cannibalized our amendments from last week.

922
01:25:50.387 --> 01:25:53.881
<v Angelita Morillo>But whatever it takes to get people to a better deal, that's fine with me.

923
01:25:54.059 --> 01:25:56.036
<v Angelita Morillo>I'd rather get that done now.

924
01:26:00.399 --> 01:26:06.704
<v Angelita Morillo>I have a lot to say, but I think I will— I will say, as far as the amendments go, this is definitely better.

925
01:26:07.252 --> 01:26:11.963
<v Angelita Morillo>So thank you to my colleagues who brought those forward, and thank you for being responsive to that.

926
01:26:14.260 --> 01:26:20.926
<v Angelita Morillo>It is because of the tireless efforts of community members and of some members of this body that this is being improved at all.

927
01:26:22.417 --> 01:26:30.750
<v Angelita Morillo>And I will say, even with these changes, renowned economists who focus on this issue are still calling it the worst deal of all time.

928
01:26:33.286 --> 01:26:52.810
<v Angelita Morillo>And we as a council body can sit up here and talk about the 8-year-olds who live in our hearts who love the Blazers all we want, but those kids in reality can't eat because they don't have school lunches because we have chosen as a state to fund a billionaire over their school lunches.

929
01:26:53.246 --> 01:26:58.590
<v Angelita Morillo>And I say that as someone who was a SNAP policy advocate before I became a city councilor who worked on those issues.

930
01:27:00.680 --> 01:27:05.706
<v Angelita Morillo>The one thing that is missing from these amendments is the Green-Avalos 1 amendment.

931
01:27:06.595 --> 01:27:20.404
<v Angelita Morillo>That one, to me, was actually the most critical of all because it would have strengthened council and joint authority oversight powers and removed a commitment of $275 million of city funds to post-renovation capital projects.

932
01:27:21.141 --> 01:27:26.875
<v Angelita Morillo>The freed-up money could have then been used to fund the city's $120 million upfront renovation contribution.

933
01:27:28.271 --> 01:27:47.436
<v Angelita Morillo>And so to put that in simpler terms, it's essentially saying that we didn't want to sign a blank check of $275 million for projects that haven't been justified or even identified yet, especially when we are already committing To $120 million upfront at a time when the city is gutting core services.

934
01:27:48.511 --> 01:27:59.923
<v Angelita Morillo>Nothing stops management from coming to the city joint authority at any time to ask for funding for clearly defined and justified projects, where we can then publicly debate the merits and trade-offs of that funding.

935
01:28:00.596 --> 01:28:13.056
<v Angelita Morillo>But the idea that we would write a blank check of $275 million for undefined expenses without even considering if or how the Blazers would contribute is pretty outrageous to me.

936
01:28:14.085 --> 01:28:27.689
<v Angelita Morillo>And if we weren't committing this $275 million now for these undefined projects with no defined Blazers contribution, we would be able to bond against it for our $120 million upfront contribution.

937
01:28:28.364 --> 01:28:36.219
<v Angelita Morillo>This means that we wouldn't have to cut into the Portland Clean Energy Fund or the general fund or break our parks levy promise or cut police.

938
01:28:36.952 --> 01:28:46.528
<v Angelita Morillo>So by doing the responsible thing and not writing a blank check for undefined projects, we would be rewarded later because we wouldn't have to cut core services.

939
01:28:48.077 --> 01:28:53.466
<v Angelita Morillo>And it is not lost on me that the other amendment that didn't make it into this package was Morillo 1.

940
01:28:54.386 --> 01:28:55.435
<v Angelita Morillo>And what did that one do?

941
01:28:55.983 --> 01:28:58.520
<v Angelita Morillo>It was one of the most basic amendments I could have brought forward.

942
01:28:58.908 --> 01:29:03.470
<v Angelita Morillo>It was asking for the city's budget office councilor Smith.

943
01:29:03.533 --> 01:29:08.779
<v Angelita Morillo>I asked for the City Budget Office to bring us a report 30 days before council is supposed to commit to financials on this.

944
01:29:09.533 --> 01:29:10.543
<v Angelita Morillo>That's all I asked for.

945
01:29:11.234 --> 01:29:21.180
<v Angelita Morillo>I asked for if we are going to take money from this, if we're going to do bonds, is that going to impact the Sidewalk Improvement Plan, SIP, that we all voted for to fund with bonds, by the way?

946
01:29:21.484 --> 01:29:23.314
<v Angelita Morillo>We cannot endlessly create bonds.

947
01:29:24.068 --> 01:29:26.475
<v Angelita Morillo>There is a limited amount of revenue to move in the city.

948
01:29:27.677 --> 01:29:30.844
<v Angelita Morillo>We cannot endlessly target the general fund.

949
01:29:31.101 --> 01:29:35.769
<v Angelita Morillo>We have already cut $160 million from it and laid off a bunch of services and employees.

950
01:29:38.046 --> 01:29:43.854
<v Angelita Morillo>So what's going to happen, because I think what was really the stickler with Morillo 1 was the 30-day deadline.

951
01:29:45.265 --> 01:29:53.783
<v Angelita Morillo>I am telling you now, I'm going to call it right now, council is not going to be told about what the options are until the day before we have to vote on this.

952
01:29:54.523 --> 01:29:58.564
<v Angelita Morillo>And we're going to be told, whoopsies, we don't have the money, you're going to have to take it from the Portland Clean Energy Fund.

953
01:29:58.613 --> 01:29:58.923
<v Angelita Morillo>Councilor Loretta Smith.

954
01:29:59.902 --> 01:30:11.412
<v Angelita Morillo>Because if we had time to examine this 30 days before, we would probably argue with you and try to find different options and not touch the things that the community has held sacred.

955
01:30:11.860 --> 01:30:12.405
<v Angelita Morillo>Okay.

956
01:30:12.966 --> 01:30:25.519
<v Angelita Morillo>So the 2 amendments that I think are really critical for council information and to actually concretely get us a good deal did not make it in this, and that was Morillo 1 and that was Green-Avalos 1.

957
01:30:26.851 --> 01:30:37.552
<v Angelita Morillo>So I will definitely be supportive of these packages because it's an improvement, but make no mistake that this is not a good deal.

958
01:30:38.243 --> 01:30:40.140
<v Angelita Morillo>This is still the worst deal in the country.

959
01:30:40.315 --> 01:30:45.923
<v Angelita Morillo>We are still paying more than any other stadium is, and the public is getting fleeced.

960
01:30:46.823 --> 01:30:57.931
<v Angelita Morillo>And for anyone to act like it is mature or it is a good governance thing To push this forward without doing our due diligence is not doing their due diligence.

961
01:30:59.189 --> 01:30:59.802
<v Angelita Morillo>And I'll leave it at that.

962
01:31:00.862 --> 01:31:01.810
<v Jamie Dunphy>Thank you, Councilor Morillo.

963
01:31:02.212 --> 01:31:02.679
<v Jamie Dunphy>Councilor Green.

964
01:31:05.458 --> 01:31:07.693
<v Mitch Green>Thank you, Mr. President.

965
01:31:07.998 --> 01:31:15.554
<v Mitch Green>First of all, I just want to say that the sort of combined set of packages is a significant improvement from where we started.

966
01:31:16.166 --> 01:31:32.479
<v Mitch Green>So thank you for whoever heard us on that, but I want to note that I know that some of my colleagues, maybe some folks in the administration, maybe some in the public are frustrated that some of us put up those amendments, but it was because we put up those amendments that we saw this improvement.

967
01:31:34.291 --> 01:31:34.936
<v Mitch Green>Full stop.

968
01:31:36.131 --> 01:31:44.480
<v Mitch Green>And I appreciate Councilor Pirtle-Guiney for your explanation of why you were silent and didn't engage with the amendments last time.

969
01:31:44.529 --> 01:31:44.644
<v Mitch Green>Thank you.

970
01:31:44.729 --> 01:31:46.659
<v Mitch Green>At least you've explained yourself.

971
01:31:47.029 --> 01:31:48.020
<v Mitch Green>I don't agree with that.

972
01:31:48.970 --> 01:31:56.909
<v Mitch Green>But I would like to understand why this was a sort of— what was the thinking behind this being like a District 2 delegation type of thing?

973
01:31:56.909 --> 01:32:07.930
<v Mitch Green>Because Councilor Ryan didn't engage at all and sent out in his newsletter that, like, quote, we blocked all the amendments, and sort of bragging for that, suggesting that there was kind of a coordinated block there.

974
01:32:07.930 --> 01:32:09.909
<v Mitch Green>So I'm just curious what the thinking was.

975
01:32:09.909 --> 01:32:11.449
<v Mitch Green>Why are those councilors now supporting this?

976
01:32:11.449 --> 01:32:11.590
<v Loretta Smith>Well, I think that's a good question.

977
01:32:12.528 --> 01:32:16.680
<v Mitch Green>Does anyone want to answer that?

978
01:32:17.439 --> 01:32:21.057
<v Elana Pirtle-Guiney>Councilor, I'm happy to speak to my, my own position.

979
01:32:21.154 --> 01:32:24.194
<v Elana Pirtle-Guiney>I can't speak to why others are there.

980
01:32:24.872 --> 01:32:38.318
<v Elana Pirtle-Guiney>Um, and I think I was clear last week and have been in the interceding week that I take seriously making sure we have the strongest position at the table.

981
01:32:39.895 --> 01:32:40.768
<v Elana Pirtle-Guiney>Table.

982
01:32:41.608 --> 01:32:50.603
<v Elana Pirtle-Guiney>And for better or worse, what we have are our negotiating team, our experts, to tell us what they think they can do with things at the table.

983
01:32:51.442 --> 01:32:52.314
<v Elana Pirtle-Guiney>I wanted to hear from them.

984
01:32:53.622 --> 01:32:58.109
<v Elana Pirtle-Guiney>The fact that we hadn't heard from them last week left me not able to support things.

985
01:32:58.158 --> 01:33:09.661
<v Elana Pirtle-Guiney>The fact that we have heard from them now saying that they think that they can bring this to the table and have the strongest position led me to say I'm happy to lend my support here.

986
01:33:10.496 --> 01:33:37.494
<v Elana Pirtle-Guiney>And in order to be honest in what I said last week, I wanted to make that abundantly clear, to not just sit back and at the end make my vote, but to say I have heard from folks now, and therefore I want to step forward and suggest that this Is the right path for us to take, that this is the right decision to have the strongest position for our city.

987
01:33:38.440 --> 01:33:43.476
<v Mitch Green>And was there an idea that because the Moda Center is in District 2, it should be the District 2 councilors?

988
01:33:44.230 --> 01:33:44.600
<v Jamie Dunphy>That was mine.

989
01:33:44.953 --> 01:33:45.753
<v Jamie Dunphy>That was my request.

990
01:33:46.139 --> 01:33:55.778
<v Jamie Dunphy>It is a guiding philosophy for my work as council president that I choose not to intervene or lead on efforts that don't include the councilors for where something is physically located.

991
01:33:56.002 --> 01:34:02.430
<v Jamie Dunphy>And it felt really important to me to demonstrate to both the public and to my colleagues that this is centered in District 2.

992
01:34:03.296 --> 01:34:11.024
<v Jamie Dunphy>And I wanted to demonstrate to the full public that this is council moving forward in a collaborative way.

993
01:34:11.505 --> 01:34:14.951
<v Jamie Dunphy>So that was my intent of inviting all of the District 2 councilors to join.

994
01:34:15.015 --> 01:34:16.185
<v Mitch Green>So it was your invitation?

995
01:34:16.362 --> 01:34:16.810
<v Jamie Dunphy>Absolutely.

996
01:34:16.859 --> 01:34:17.099
<v Mitch Green>Okay.

997
01:34:17.579 --> 01:34:18.911
<v Mitch Green>I appreciate that.

998
01:34:19.904 --> 01:34:23.238
<v Mitch Green>Do either of you want to say anything?

999
01:34:23.591 --> 01:34:24.414
<v Dan Ryan>Thanks, Councilor Green.

1000
01:34:24.479 --> 01:34:30.320
<v Dan Ryan>Yeah, similar to Councilor Pirtle-Guiney, I wanted to make sure our negotiating team was set up with an opportunity to win.

1001
01:34:30.868 --> 01:34:31.578
<v Dan Ryan>Okay, thanks.

1002
01:34:32.064 --> 01:34:34.237
<v Dan Ryan>I've been consistent with that for months.

1003
01:34:34.413 --> 01:34:35.072
<v Dan Ryan>Okay, thanks.

1004
01:34:37.354 --> 01:34:40.904
<v Sameer Kanal>Yeah, uh, obviously I supported all this stuff last week.

1005
01:34:41.130 --> 01:34:42.594
<v Sameer Kanal>I wanted to make sure it could pass this week.

1006
01:34:43.095 --> 01:34:44.408
<v Unidentified speaker>All right, thanks.

1007
01:34:44.457 --> 01:34:45.478
<v Unidentified speaker>I wanted to give you guys that courtesy.

1008
01:34:49.764 --> 01:35:13.684
<v Mitch Green>I think the challenge that I have with that methodology, although I hear your position, I really do, is that we can't do this negotiation and come to a consensus position behind closed doors because this is a resolution, this is a council action, and under Oregon public meeting law, we cannot settle the question that way.

1009
01:35:14.407 --> 01:35:24.546
<v Mitch Green>And so the way that we do this the negotiating team needs to know our starting position so they can go behind closed doors.

1010
01:35:25.939 --> 01:35:30.192
<v Mitch Green>And in order for the public to know what their councilors are fighting for, we have to do it up here.

1011
01:35:31.029 --> 01:35:41.173
<v Mitch Green>And so I hear, I hear you all on your strategic thinking on making sure that we broker this with the negotiating team, but that I think sets up a pretty dangerous situation for us.

1012
01:35:41.221 --> 01:35:41.335
<v Mitch Green>Thank you.

1013
01:35:42.550 --> 01:36:04.606
<v Mitch Green>I don't want us to go down this road where we essentially pay short shrift to the deliberative process up here, say no, block amendments, and then huddle behind closed doors and bring together a package that sort of says this is the will of the body.

1014
01:36:05.188 --> 01:36:06.720
<v Mitch Green>That can't happen again.

1015
01:36:06.801 --> 01:36:07.189
<v Mitch Green>Thank you, Mayor.

1016
01:36:10.987 --> 01:36:15.198
<v Mitch Green>That being said, I want to speak to the amendments on the floor.

1017
01:36:17.109 --> 01:36:20.474
<v Mitch Green>Like I said, I think that they're a significant improvement.

1018
01:36:20.523 --> 01:36:22.528
<v Mitch Green>I want to speak directly to the rent clause.

1019
01:36:22.625 --> 01:36:29.765
<v Mitch Green>I want to thank Councilor Avalos for cooking this up and asking for it and putting it in there.

1020
01:36:29.814 --> 01:36:33.314
<v Mitch Green>And I want to note that your original language did leave the negotiating team quite a lot of discretion.

1021
01:36:33.380 --> 01:36:33.476
<v Mitch Green>Thank you.

1022
01:36:35.805 --> 01:36:42.521
<v Mitch Green>And so I think in the spirit of making sure our team is successful, I think you hit the mark with that your first time.

1023
01:36:43.796 --> 01:36:48.465
<v Mitch Green>And so the number there, $2 million and 3%, those are largely arbitrary.

1024
01:36:48.722 --> 01:36:55.201
<v Mitch Green>I understand, Mr. Hirsch, you said you've kind of looked at the market and kind of did a gut check on what's out there.

1025
01:36:55.282 --> 01:36:57.659
<v Mitch Green>But that is— this is not a liquid market.

1026
01:36:57.854 --> 01:36:59.115
<v Mitch Green>There's no price discovery in a market like this.

1027
01:36:59.180 --> 01:36:59.698
<v Mitch Green>I think it's a good starting point.

1028
01:36:59.789 --> 01:37:04.630
<v Mitch Green>These are all just 1 or 2 data points, and these are sort of kind of gut checks.

1029
01:37:06.289 --> 01:37:10.739
<v Mitch Green>And so at this point, colleagues, I think the— and by the way, I want to correct the record.

1030
01:37:10.890 --> 01:37:18.369
<v Mitch Green>Donnie, you said— Deputy City Administrator Oliveira, you said that it was $43 million or $45 million maybe with interest or with the escalation rate.

1031
01:37:18.369 --> 01:37:20.970
<v Mitch Green>It's $53 million with compound growth.

1032
01:37:20.970 --> 01:37:21.989
<v Donnie Oliveira>Thank you for correcting that.

1033
01:37:22.670 --> 01:37:24.289
<v Donnie Oliveira>That was back of the envelope, but yeah, thank you for correcting that.

1034
01:37:24.289 --> 01:37:24.869
<v Mitch Green>Gotcha.

1035
01:37:24.869 --> 01:37:25.289
<v Mitch Green>That's okay.

1036
01:37:25.962 --> 01:37:26.970
<v Mitch Green>I did the math too.

1037
01:37:27.524 --> 01:37:29.068
<v Mitch Green>So that's better.

1038
01:37:29.229 --> 01:37:35.740
<v Mitch Green>That's actually much better for the public than $40 million plus $3 million.

1039
01:37:36.130 --> 01:37:45.547
<v Mitch Green>And if you took it, if you looked at, well, let me just, I'm not gonna go into the weeds on the spreadsheet much longer, but I will note that that's an improvement, but these are still largely arbitrary.

1040
01:37:46.252 --> 01:37:48.582
<v Mitch Green>And so at this point, I'd move to amend this amendment.

1041
01:37:48.761 --> 01:37:51.301
<v Mitch Green>I think it's Pirtle-Guiney 2, or no, it's— 3.

1042
01:37:51.420 --> 01:37:55.398
<v Mitch Green>Dunphy, Pirtle-Guiney, Ryan, Kanal.

1043
01:37:55.462 --> 01:37:57.659
<v Mitch Green>Yeah, Dunphy, Pirtle-Guiney, Ryan, Kanal.

1044
01:37:58.270 --> 01:38:01.158
<v Mitch Green>Let's see here, 2, which is the actual term sheet.

1045
01:38:01.783 --> 01:38:23.122
<v Mitch Green>And on page 3, I think is where the language on the— no, page 4 is the language on the rent, which reads, Rip City will pay rent in the amount of $2 million during each year of the term, escalated by CPI-W, which is, Clerical workers and urban workers index, um, or 3%, whichever is less.

1046
01:38:23.315 --> 01:38:27.006
<v Mitch Green>Uh, I'm going to move that language to read instead, and I'll send this to the clerk.

1047
01:38:27.087 --> 01:38:28.226
<v Mitch Green>I'll send this to all of you as well.

1048
01:38:28.291 --> 01:38:29.221
<v Mitch Green>I'm doing this on the fly.

1049
01:38:30.024 --> 01:38:43.234
<v Mitch Green>Um, Rip City will pay rent in the amount of $2 million during each year of the term, escalated by the maximum allowable rate established annually by the Oregon Department of Administrative Services yes.

1050
01:38:43.282 --> 01:38:47.072
<v Mitch Green>This is pursuant to Oregon Revised Statute 90-324.

1051
01:38:47.136 --> 01:38:50.028
<v Mitch Green>And colleagues, that is the Oregon Rent Stabilization Act.

1052
01:38:50.525 --> 01:38:57.143
<v Mitch Green>So there's already a methodology that establishes the maximum rate at which you can raise rent for Oregonians.

1053
01:38:58.122 --> 01:39:05.382
<v Mitch Green>And I think that we should key it to that because one, we have something to hang our hat on.

1054
01:39:06.394 --> 01:39:14.024
<v Mitch Green>And two, I don't know why we would charge Rip City Management we would give them a better rent control deal than we're giving Portlanders, Portland tenants.

1055
01:39:14.891 --> 01:39:18.319
<v Mitch Green>53% Of my constituents are renters in District 4.

1056
01:39:19.257 --> 01:39:32.229
<v Mitch Green>And if we can't do rent control at the City of Portland because the state has preempted us at a 7% plus CPI rent, which is, which is deplorable, then why, why would we give Dundon a better deal than that?

1057
01:39:32.534 --> 01:39:34.221
<v Mitch Green>So I think that's quite reasonable.

1058
01:39:34.319 --> 01:39:47.948
<v Mitch Green>In fact, it It creates an incentive structure for if we adopt this term sheet and we adopt some definitive agreements, then maybe RIP City management, maybe Tom Dundon, can lobby the state legislature to lower the rent cap and do a more aggressive rent control body.

1059
01:39:48.014 --> 01:39:50.737
<v Mitch Green>And that will lower his exposure and give a gift to tenants.

1060
01:39:50.786 --> 01:39:52.520
<v Mitch Green>So I will hope for a second on this.

1061
01:39:52.698 --> 01:39:53.038
<v Olivia Clark>Second.

1062
01:39:53.427 --> 01:39:53.768
<v Unidentified speaker>Thanks.

1063
01:39:56.118 --> 01:40:07.627
<v Jamie Dunphy>Councilor Green moves, uh, the Green Amendment to Dunphy, Pirtle, Gueaney, Kanal, Ryan 2, and Councilor Avalos seconds.

1064
01:40:08.694 --> 01:40:12.220
<v Jamie Dunphy>Colleagues, discussion to the, uh, the amendment to the amendment?

1065
01:40:14.244 --> 01:40:15.032
<v Jamie Dunphy>Uh, Councilor Smith.

1066
01:40:15.449 --> 01:40:15.948
<v Loretta Smith>Thank you.

1067
01:40:16.654 --> 01:40:18.743
<v Loretta Smith>Um, thank you, Mr. President.

1068
01:40:19.050 --> 01:40:20.823
<v Loretta Smith>Question for you, Councilor Green.

1069
01:40:21.725 --> 01:40:31.679
<v Loretta Smith>Will this, this, this ordinance or this item that you just described Is that for commercial leases or residential leases?

1070
01:40:33.073 --> 01:40:34.805
<v Mitch Green>Thanks for the question.

1071
01:40:35.015 --> 01:40:38.574
<v Mitch Green>This is only for the tenant in the Moda Center in this deal.

1072
01:40:39.007 --> 01:40:39.296
<v Mitch Green>This is just—.

1073
01:40:39.311 --> 01:40:40.899
<v Loretta Smith>No, no, no, but you reference something.

1074
01:40:41.476 --> 01:40:43.385
<v Loretta Smith>You reference something.

1075
01:40:43.561 --> 01:40:48.596
<v Loretta Smith>Is that, is that in accordance with commercial leases or residential leases?

1076
01:40:48.645 --> 01:40:54.644
<v Mitch Green>It's in accordance with the residential methodology in ORS 90-3 what is it?

1077
01:40:55.030 --> 01:41:00.604
<v Loretta Smith>And so my question would be to— okay, so my question would be to, um, the legal counsel.

1078
01:41:00.990 --> 01:41:08.917
<v Loretta Smith>If this is based off of residential units, and this is not a residential lease, this is a commercial lease, it would not apply.

1079
01:41:10.724 --> 01:41:12.185
<v Mitch Green>It's just a formula rate, Councilor.

1080
01:41:12.636 --> 01:41:15.206
<v Mitch Green>They've, they've, they've added an arbitrary number here.

1081
01:41:15.302 --> 01:41:17.905
<v Mitch Green>I'm also adding in a number as well.

1082
01:41:18.435 --> 01:41:21.663
<v Loretta Smith>Right, but you're using something that's based on a residential rate.

1083
01:41:24.408 --> 01:41:26.957
<v Loretta Smith>Legal counsel, please advise.

1084
01:41:27.390 --> 01:41:27.710
<v Unidentified speaker>Sure.

1085
01:41:28.895 --> 01:41:31.652
<v Unidentified speaker>Councilor, I think Councilor Green is correct.

1086
01:41:32.277 --> 01:41:36.698
<v Unidentified speaker>He's asking that the amendment reference the statute.

1087
01:41:36.764 --> 01:41:45.095
<v Unidentified speaker>We would not be able to apply the statute standing alone to a non-residential tenant.

1088
01:41:45.976 --> 01:41:50.818
<v Unidentified speaker>What Councilor Green is doing is simply referencing That statute, obviously.

1089
01:41:50.865 --> 01:42:03.149
<v Loretta Smith>I understand that, but, yeah, but understand that you can't reference something to me about a commercial lease and, and make it apples to apples about a residential lease.

1090
01:42:03.213 --> 01:42:04.978
<v Loretta Smith>So it is not appropriate.

1091
01:42:06.405 --> 01:42:10.912
<v Unidentified speaker>I, I don't opine on whether something is appropriate or inappropriate, but it—.

1092
01:42:10.912 --> 01:42:14.311
<v Loretta Smith>Well, I need you— I need your— I need your legal counsel.

1093
01:42:14.439 --> 01:42:30.175
<v Loretta Smith>Is Robert here, because I need to understand if we're going to, if we're going to add an amendment based on something that's in ORS for a residential and we are trying to craft a commercial lease, it does not match up.

1094
01:42:30.255 --> 01:42:37.609
<v Loretta Smith>You'll— you're never going to get those kind of same residential and commercial attributes in a, in a lease.

1095
01:42:38.427 --> 01:42:39.889
<v Unidentified speaker>I would agree with you on that.

1096
01:42:41.135 --> 01:42:49.426
<v Unidentified speaker>That would be something obviously the Trailblazers would say, and that would be a significant argument that they would make.

1097
01:42:49.829 --> 01:42:56.159
<v Unidentified speaker>That being said, I don't know what the commercial lease rate says.

1098
01:42:56.354 --> 01:42:56.917
<v Loretta Smith>Exactly.

1099
01:42:56.997 --> 01:43:02.935
<v Loretta Smith>And if we're gonna talk about this, let's talk about some statutes that govern commercial leases.

1100
01:43:03.533 --> 01:43:07.458
<v Loretta Smith>You're not gonna just spout anything to me and think that I'm gonna go for it.

1101
01:43:08.779 --> 01:43:11.250
<v Loretta Smith>Um, go, go ahead.

1102
01:43:11.923 --> 01:43:20.877
<v Unidentified speaker>I, I just say it is very common in, uh, stadium and arena leases around the country that CPI is what is used to govern the increases.

1103
01:43:20.990 --> 01:43:21.296
<v Loretta Smith>Okay.

1104
01:43:21.712 --> 01:43:24.921
<v Unidentified speaker>It is in most cases, that's what it's in, and that's why we chose it.

1105
01:43:25.226 --> 01:43:31.983
<v Loretta Smith>And, and you cho— you chose that, but if that's the case, why did we have to put it in an amendment?

1106
01:43:32.046 --> 01:43:33.764
<v Loretta Smith>Why didn't you put it there to begin with?

1107
01:43:33.828 --> 01:43:36.332
<v Unidentified speaker>We didn't have rent in the In the beginning, right?

1108
01:43:37.063 --> 01:43:40.311
<v Unidentified speaker>So this is tied to the rent specifically.

1109
01:43:40.636 --> 01:43:42.016
<v Loretta Smith>And are you okay with it?

1110
01:43:45.353 --> 01:43:47.470
<v Unidentified speaker>Whether I'm okay with it doesn't matter.

1111
01:43:47.599 --> 01:43:51.896
<v Unidentified speaker>As a starting position, I understand it, and, and we will work with it.

1112
01:43:53.819 --> 01:43:54.141
<v Loretta Smith>Right.

1113
01:43:54.287 --> 01:44:03.452
<v Loretta Smith>For folks who may not have the ability to To even pay for their rent in the city of Portland.

1114
01:44:03.934 --> 01:44:04.560
<v Loretta Smith>Thank you, Robert.

1115
01:44:04.881 --> 01:44:09.922
<v Loretta Smith>Could you take a seat and, and help me out here for a second?

1116
01:44:11.304 --> 01:44:23.362
<v Loretta Smith>Um, what I'm trying to— what I'm trying to make sure is that if we're going to discuss this, that we should discuss it with things that, that are clear for me.

1117
01:44:23.764 --> 01:44:28.144
<v Loretta Smith>And if that's what you normally do In leases for commercial leases.

1118
01:44:28.801 --> 01:44:32.296
<v Loretta Smith>And that's what you're saying, that they use that in commercial leases as well?

1119
01:44:32.488 --> 01:44:39.301
<v Unidentified speaker>Yeah, these are all usually leases between teams or operating companies and municipalities.

1120
01:44:39.381 --> 01:44:42.091
<v Unidentified speaker>CPI is usually what governs the rent.

1121
01:44:42.764 --> 01:44:47.604
<v Loretta Smith>And even though it says it's based on residential, it's not based on residential.

1122
01:44:47.653 --> 01:44:48.614
<v Loretta Smith>Not based on residential.

1123
01:44:48.840 --> 01:44:49.609
<v Loretta Smith>Well, that's what I asked him.

1124
01:44:49.657 --> 01:44:54.908
<v Unidentified speaker>It's based on the overall— I mean, Councilor Green's, uh, amendment.

1125
01:44:55.443 --> 01:44:56.573
<v Unidentified speaker>But CPI—.

1126
01:44:56.573 --> 01:45:03.445
<v Loretta Smith>Yeah, so Robert, could you help me out to make sure that we're, we're being consistent?

1127
01:45:08.029 --> 01:45:11.685
<v Loretta Smith>Hi, I'm sorry, it's City Attorney Taylor.

1128
01:45:12.152 --> 01:45:13.344
<v Mitch Green>Let me use this one.

1129
01:45:14.003 --> 01:45:15.565
<v Mitch Green>Uh, hi, Robert Taylor, City Attorney.

1130
01:45:16.194 --> 01:45:22.131
<v Donnie Oliveira>So, uh, We would be entering into a contract with the tenant here at the Moda Center.

1131
01:45:22.886 --> 01:45:25.453
<v Donnie Oliveira>They would be agreeing to pay us rent.

1132
01:45:26.576 --> 01:45:30.377
<v Donnie Oliveira>And then the question is, how much is that rent going to be increased each year?

1133
01:45:31.228 --> 01:45:37.613
<v Donnie Oliveira>And in that contract with the Blazers, we can set the rate of increase in contract.

1134
01:45:38.671 --> 01:45:42.761
<v Donnie Oliveira>And you can choose to set that rate of increase and peg it to CPI.

1135
01:45:43.002 --> 01:45:43.613
<v Donnie Oliveira>CPI.

1136
01:45:44.764 --> 01:45:44.909
<v Donnie Oliveira>Right.

1137
01:45:45.493 --> 01:45:50.567
<v Donnie Oliveira>Or you can peg it to some other number that's created.

1138
01:45:52.737 --> 01:45:55.506
<v Donnie Oliveira>Councilor Green is suggesting that we do not—.

1139
01:45:55.506 --> 01:45:56.137
<v Donnie Oliveira>Peg it to CPI.

1140
01:45:56.559 --> 01:46:03.676
<v Donnie Oliveira>Yeah, that we do not use CPI, that instead we use this rate that's set at the state by statute.

1141
01:46:04.225 --> 01:46:04.917
<v Donnie Oliveira>For residential.

1142
01:46:05.127 --> 01:46:09.448
<v Donnie Oliveira>Normally that statute applies to residential increases.

1143
01:46:11.560 --> 01:46:18.645
<v Donnie Oliveira>Councilor Green has an explanation for why he believes that's appropriate to do as a matter of policy.

1144
01:46:21.488 --> 01:46:27.220
<v Donnie Oliveira>There may be other reasons why we— it might be appropriate as a matter of policy to keep it pegged at CPI.

1145
01:46:27.301 --> 01:46:28.992
<v Donnie Oliveira>That's a choice you as council can make.

1146
01:46:29.055 --> 01:46:36.628
<v Loretta Smith>Yeah, and I think if we're going to do something, let's keep it to what a commercial lease would be, not mixing apples and oranges together.

1147
01:46:37.283 --> 01:46:47.407
<v Loretta Smith>If it's— if CPI is what it is, but we're adding this extra piece through this amendment process, I, I just don't think that it's, it's, it's appropriate.

1148
01:46:48.470 --> 01:46:53.414
<v Donnie Oliveira>And I think that's, that's a good debate and discussion for council to have, and you can choose either one.

1149
01:46:54.979 --> 01:46:57.092
<v Loretta Smith>Okay, so what do we have in there right now?

1150
01:46:58.126 --> 01:46:58.722
<v Unidentified speaker>CPI.

1151
01:46:59.190 --> 01:46:59.980
<v Loretta Smith>We got CPI.

1152
01:47:00.078 --> 01:47:03.221
<v Loretta Smith>And so, um, Councilor Green, what do you want to add?

1153
01:47:05.929 --> 01:47:17.524
<v Mitch Green>So this law raises the rent per year by 7% plus CPI in the Oregon state statute, in the lesser of the two, or 10%, whichever is less.

1154
01:47:17.962 --> 01:47:18.770
<v Loretta Smith>Okay, tell me the—.

1155
01:47:18.868 --> 01:47:22.865
<v Mitch Green>So what I'm trying to do here is say we should do the same thing.

1156
01:47:24.546 --> 01:47:29.108
<v Mitch Green>It's 10% or CPI, the methodology, whichever is less.

1157
01:47:29.252 --> 01:47:33.261
<v Mitch Green>Which— well, just— yeah, it's— I'm just adopting their methodology for this fiscal year.

1158
01:47:33.341 --> 01:47:34.640
<v Mitch Green>It's 9.26%.

1159
01:47:35.251 --> 01:47:35.395
<v Loretta Smith>Right.

1160
01:47:36.613 --> 01:47:37.864
<v Loretta Smith>And so you want to move it up to 10%?

1161
01:47:39.020 --> 01:47:45.420
<v Mitch Green>I want to move it up to the maximum allowable rate that the Department of Administrative Services sets every year based upon the CPI plus 7%.

1162
01:47:46.319 --> 01:47:54.612
<v Loretta Smith>And so the Department of Administrative Services, when they're doing residential rates, this is what they— this is what they would raise it to.

1163
01:47:54.676 --> 01:48:00.743
<v Loretta Smith>And so you want us to put a residential Um, kind of amendment on a commercial lease.

1164
01:48:01.801 --> 01:48:09.171
<v Mitch Green>I want us to say we're going to cap our rent increase at the rent increase that the state sets for renters.

1165
01:48:09.911 --> 01:48:17.841
<v Mitch Green>And if Tom Dundon would like a lower rent increase, then he can lobby the legislature to lower that cap for everyone else.

1166
01:48:19.078 --> 01:48:19.609
<v Mitch Green>That's what I'm saying.

1167
01:48:20.346 --> 01:48:21.213
<v Loretta Smith>Yeah, I hear what you're saying.

1168
01:48:21.872 --> 01:48:22.257
<v Loretta Smith>Thank you.

1169
01:48:23.609 --> 01:48:24.627
<v Jamie Dunphy>Thank you, Councilor Smith.

1170
01:48:25.466 --> 01:48:26.145
<v Jamie Dunphy>Councilor Knoll.

1171
01:48:26.759 --> 01:48:27.631
<v Sameer Kanal>Thanks, colleagues.

1172
01:48:27.680 --> 01:48:31.457
<v Sameer Kanal>At the end of what I'm about to say, I'm going to move to request to close the queue.

1173
01:48:31.523 --> 01:48:33.252
<v Sameer Kanal>So just fair warning if you want to get in the queue.

1174
01:48:35.060 --> 01:48:45.654
<v Sameer Kanal>So I think it's important to note that if we're talking about commercial leases, the reference to CPI-W is itself not perfect because it's for urban wage earners and clerical workers.

1175
01:48:45.734 --> 01:48:49.719
<v Sameer Kanal>It's not itself an index based on average commercial rent increases.

1176
01:48:49.942 --> 01:48:50.698
<v Sameer Kanal>Or anything like that.

1177
01:48:51.069 --> 01:48:52.777
<v Sameer Kanal>It is common to use it, and I recognize that.

1178
01:48:52.824 --> 01:48:53.356
<v Sameer Kanal>I agree with you.

1179
01:48:54.048 --> 01:48:58.680
<v Sameer Kanal>But it's also imperfect in terms of the sort of ideological— logical connection, sorry.

1180
01:49:02.554 --> 01:49:10.609
<v Sameer Kanal>If, on the other hand, we wanted to index it to the maximum allowable under Oregon state law for commercial rent increases, we could do that because that is infinity.

1181
01:49:11.930 --> 01:49:17.262
<v Sameer Kanal>So actually, we are, by doing it the way that Councilor Green is proposing it—.

1182
01:49:17.262 --> 01:49:17.488
<v Unidentified speaker>I agree with you.

1183
01:49:17.693 --> 01:49:28.911
<v Sameer Kanal>We're actually saying that we're protecting the tenant, the primary tenant here, from the maximum allowable commercial rent increase per year.

1184
01:49:29.975 --> 01:49:39.274
<v Sameer Kanal>So if Councilor Smith would like to propose that amendment to the amendment to the amendment, I would probably support that because it would allow for increased rent over time.

1185
01:49:39.886 --> 01:49:41.760
<v Sameer Kanal>But I think that's not actually what we're going for here.

1186
01:49:41.970 --> 01:49:43.890
<v Sameer Kanal>Neither one of them is perfect is the point I'm trying to make.

1187
01:49:43.971 --> 01:49:44.293
<v Sameer Kanal>One is more common sense.

1188
01:49:44.342 --> 01:49:44.746
<v Sameer Kanal>I think it's more common sense.

1189
01:49:44.912 --> 01:49:45.457
<v Sameer Kanal>And then the other.

1190
01:49:46.261 --> 01:49:50.292
<v Sameer Kanal>And so I think it's fair to look at our state law for it.

1191
01:49:50.757 --> 01:50:01.326
<v Sameer Kanal>Um, I also have some doubts about the Bureau of Labor Statistics at the federal government and its calculations of inflation at this time.

1192
01:50:01.373 --> 01:50:03.493
<v Sameer Kanal>I think that's fair for anyone who's been watching out there.

1193
01:50:03.686 --> 01:50:08.408
<v Sameer Kanal>So I'll be supporting the amendment, and I am grateful to Councilor Green for putting it forward.

1194
01:50:08.826 --> 01:50:15.105
<v Sameer Kanal>And I will request that we limit debate to those currently in the queue on both the amendment to the amendment And the amendment.

1195
01:50:15.572 --> 01:50:16.551
<v Sameer Kanal>Thank you, Councilor Knoll.

1196
01:50:16.777 --> 01:50:24.913
<v Jamie Dunphy>I am going to limit debate to the amendment to the amendment, though I will not limit debate on the underlying amendment yet because there may be some conversation after this vote.

1197
01:50:25.381 --> 01:50:28.162
<v Jamie Dunphy>So I'm limiting debate on the amendment to the amendment to those in queue.

1198
01:50:28.631 --> 01:50:29.261
<v Jamie Dunphy>Councilor Murillo.

1199
01:50:30.653 --> 01:50:31.104
<v Angelita Morillo>Thank you.

1200
01:50:31.444 --> 01:50:33.578
<v Angelita Morillo>Um, thank you so much, Councilor Green, for bringing this up.

1201
01:50:33.644 --> 01:50:49.336
<v Angelita Morillo>I think this is a fantastic, um, amendment to the amendment, and I find it wholeheartedly ironic that just a few weeks ago everyone was a tenant's rights advocate when the tenant is a— is not a regular person renting.

1202
01:50:49.465 --> 01:50:59.029
<v Angelita Morillo>Suddenly everyone was saying that we have to make outrageous improvements, luxury upgrades to a building because a tenant needs them.

1203
01:50:59.623 --> 01:51:08.268
<v Angelita Morillo>As a renter, as one of what, 2 or 3 renters on this city council, if I wanted vaulted ceilings, I wouldn't get to tell my landlord that that was Part of a regular maintenance upgrade?

1204
01:51:08.984 --> 01:51:09.604
<v Angelita Morillo>They would say no.

1205
01:51:11.609 --> 01:51:15.947
<v Angelita Morillo>The only thing that you can do is safety, and most landlords don't always follow through with that either.

1206
01:51:16.109 --> 01:51:24.746
<v Angelita Morillo>So I think that this is a really big improvement, and the CPI doesn't apply to commercial leases, as was already outlined.

1207
01:51:25.555 --> 01:51:31.895
<v Angelita Morillo>I would also like to point out that there actually is an apartment in the Moda Center, so it actually, you know— It's a great apartment.

1208
01:51:32.152 --> 01:51:36.752
<v Angelita Morillo>Maybe there's some legal area there to discuss about what counts as residential.

1209
01:51:37.985 --> 01:51:40.983
<v Angelita Morillo>But this is not about the law.

1210
01:51:41.207 --> 01:51:48.963
<v Angelita Morillo>This is about using a methodology and using, yeah, some sort of standard that we can actually measure this by.

1211
01:51:49.060 --> 01:51:52.073
<v Angelita Morillo>Because right now, what was given to us is a little bit arbitrary.

1212
01:51:52.650 --> 01:51:57.331
<v Angelita Morillo>And I appreciate you bringing something that creates a standard by which we are measuring this.

1213
01:51:57.378 --> 01:51:59.639
<v Angelita Morillo>So I will wholeheartedly be supporting that.

1214
01:51:59.719 --> 01:52:00.809
<v Angelita Morillo>Thank you for bringing it forward.

1215
01:52:00.856 --> 01:52:01.064
<v Angelita Morillo>Thank you.

1216
01:52:01.466 --> 01:52:06.885
<v Angelita Morillo>And we live in a country with Citizens United as a court case, which means that corporations are people.

1217
01:52:06.949 --> 01:52:12.594
<v Angelita Morillo>So there's a very wishy-washy line in this country about if a company is a person.

1218
01:52:13.106 --> 01:52:16.761
<v Angelita Morillo>And so maybe residential rates are going to apply commercially, and so be it.

1219
01:52:18.221 --> 01:52:19.023
<v Jamie Dunphy>Thank you, Councilor Morillo.

1220
01:52:19.199 --> 01:52:19.777
<v Jamie Dunphy>Councilor Novick.

1221
01:52:20.563 --> 01:52:21.332
<v Steve Novick>Thank you, Mr. President.

1222
01:52:22.646 --> 01:52:36.257
<v Steve Novick>Councilor Green, what do you— we've heard that assuming that CPI winds up being 3%, that The proposal that the Yoshihara team brought to us would be, well, according to you, $53 million over 20 years.

1223
01:52:37.014 --> 01:52:40.435
<v Steve Novick>What do you think that under your proposal the amount would be over 20 years?

1224
01:52:40.805 --> 01:52:46.028
<v Mitch Green>I'm so glad you asked that question because that's why I got back in the queue to provide that precise answer.

1225
01:52:46.091 --> 01:52:53.532
<v Mitch Green>And so the methodology under ORS 90-whatever that I had on the screen a second ago establishes a lesser of 2 values.

1226
01:52:54.704 --> 01:52:58.684
<v Mitch Green>And so It's 7% plus CPI or 10%.

1227
01:52:59.279 --> 01:53:04.247
<v Mitch Green>But if so, in a worst-case scenario, most conservative assumption, assume there's zero inflation, it's 7%.

1228
01:53:05.266 --> 01:53:16.537
<v Mitch Green>And so letting 7% escalate annually for 20 years starts from $2 million a year and gets to $7.2 over the course of that series.

1229
01:53:16.729 --> 01:53:20.525
<v Mitch Green>And that's a total of $82 million a year for the entire duration of the lease.

1230
01:53:20.590 --> 01:53:20.686
<v Elana Pirtle-Guiney>Thank you.

1231
01:53:21.613 --> 01:53:27.992
<v Steve Novick>So an increase of, um, an increase of $29 million from what's there?

1232
01:53:28.153 --> 01:53:28.895
<v Steve Novick>Something like that.

1233
01:53:29.024 --> 01:53:31.543
<v Steve Novick>But I mean, CPI isn't going to be zero.

1234
01:53:31.833 --> 01:53:38.595
<v Steve Novick>I mean, do you have a calculation that assumes like the average CPI over the last 10 years or something?

1235
01:53:39.109 --> 01:53:47.707
<v Mitch Green>Um, well, so 7% average CPI— on average CPI is 3% over the last 4 years.

1236
01:53:48.207 --> 01:53:50.823
<v Mitch Green>State law caps it at 10% at most.

1237
01:53:50.887 --> 01:53:59.689
<v Mitch Green>So if we put 10% in there, that's a total of $114, $115 million in rent collected over 20 years.

1238
01:54:00.770 --> 01:54:03.658
<v Mitch Green>That grows, that compounds, you know, annually.

1239
01:54:05.840 --> 01:54:06.033
<v Mitch Green>Okay.

1240
01:54:06.114 --> 01:54:12.077
<v Mitch Green>And if you do that, it reduces our net cost of this deal to $250 million.

1241
01:54:13.104 --> 01:54:21.817
<v Mitch Green>$45 Million with the most conservative financing assumptions instead of $436 million with interest.

1242
01:54:22.185 --> 01:54:26.631
<v Steve Novick>Mr. President, is this the time I have to make comments, not just to ask questions?

1243
01:54:26.967 --> 01:54:27.561
<v Steve Novick>Yeah.

1244
01:54:27.882 --> 01:54:31.430
<v Steve Novick>So here's where I am.

1245
01:54:31.573 --> 01:54:39.228
<v Steve Novick>I mean, I have been pushing to get a deal where the city gets back what it puts in, expressing that really liberally.

1246
01:54:39.886 --> 01:54:59.899
<v Steve Novick>And based on an assumption, which is just an assumption, that we borrow the money, I've asked Jonas, and also based on my assumption that we count the estimated $45 million in business license tax as sort of part of the deal, and so we'd be borrowing $75 million.

1247
01:55:00.476 --> 01:55:06.149
<v Steve Novick>I asked Jonas, what does that work out to under a reasonably predictable interest rate over 20 years?

1248
01:55:06.886 --> 01:55:08.636
<v Steve Novick>And it was $117 million.

1249
01:55:09.262 --> 01:55:18.091
<v Steve Novick>So I'm looking for a proposal, the numbers add up to $17 million, and right now if it's $53.33, then it's about $31 million short.

1250
01:55:18.765 --> 01:55:26.375
<v Steve Novick>So I'll support any proposal that gets us to the range of, you know, the range of $31 additional million.

1251
01:55:27.113 --> 01:55:33.373
<v Steve Novick>I'm not sure that I'm willing to support a proposal that goes significantly beyond that.

1252
01:55:33.421 --> 01:55:33.726
<v Unidentified speaker>Councilor Smith.

1253
01:55:34.340 --> 01:55:37.260
<v Steve Novick>So I'm going to puzzle over that.

1254
01:55:37.260 --> 01:55:43.899
<v Steve Novick>But I just want to tell you, if you wanted to amend your amendment to the amendment to an amount that comes out to additional $31 million, then I definitely support it.

1255
01:55:45.479 --> 01:55:47.319
<v Jamie Dunphy>You're welcome, Councilor.

1256
01:55:47.430 --> 01:55:50.050
<v Mitch Green>So are you doing that math based upon the $120 million?

1257
01:55:51.460 --> 01:55:58.439
<v Steve Novick>Yeah, based on $120 million minus $45 million plus the interest rate that Jonas thought we might get if we borrowed $75 million.

1258
01:55:58.439 --> 01:56:03.069
<v Mitch Green>And you're not doing that math on the extra $275,000 in capital contributions over 20 years.

1259
01:56:03.069 --> 01:56:03.890
<v Steve Novick>That I'm not.

1260
01:56:03.890 --> 01:56:09.539
<v Steve Novick>That I'm assuming, you know, that, you know, we're pay— we're, we're using the money we get, we, we get, and it washes out.

1261
01:56:10.350 --> 01:56:12.430
<v Mitch Green>Okay, thanks.

1262
01:56:12.430 --> 01:56:13.829
<v Jamie Dunphy>Thank you, Councilor Novick.

1263
01:56:13.829 --> 01:56:14.840
<v Jamie Dunphy>Vice President Clark.

1264
01:56:15.529 --> 01:56:16.449
<v Olivia Clark>Thank you, Council President.

1265
01:56:16.449 --> 01:56:22.939
<v Olivia Clark>Is there, um, I don't know who can answer this, is there a law, a state law that actually regulates commercial rents?

1266
01:56:22.989 --> 01:56:24.090
<v Olivia Clark>I'm sorry, I walked out of the room.

1267
01:56:24.090 --> 01:56:24.829
<v Olivia Clark>I may have missed that.

1268
01:56:25.210 --> 01:56:25.989
<v Olivia Clark>There is no law?

1269
01:56:26.516 --> 01:56:31.055
<v Olivia Clark>There's no law at all at the state level that— Okay.

1270
01:56:31.944 --> 01:56:45.590
<v Olivia Clark>You know, it gave me a lot of comfort and confidence that our team had vetted all of the amendments from the other day, and I really appreciate the work that you've done to incorporate those that made sense.

1271
01:56:45.818 --> 01:56:58.030
<v Olivia Clark>And I'm wondering, did I miss you commenting on this particular one when I left the room, or have you I just— it gives me a lot of confidence that these things have been vetted by our team and they make sense.

1272
01:56:58.078 --> 01:57:02.783
<v Olivia Clark>So I'm nervous about this particular amendment.

1273
01:57:03.185 --> 01:57:07.311
<v Olivia Clark>Does anybody want to— have you already said something about this or opined at all?

1274
01:57:08.435 --> 01:57:09.961
<v Olivia Clark>Did I miss it?

1275
01:57:10.009 --> 01:57:10.395
<v Olivia Clark>I'm sorry.

1276
01:57:11.164 --> 01:57:12.176
<v Olivia Clark>I'm sorry I missed it.

1277
01:57:12.337 --> 01:57:13.140
<v Olivia Clark>Okay, my fault.

1278
01:57:13.863 --> 01:57:16.576
<v Jamie Dunphy>Carl had said that they could work with this.

1279
01:57:17.733 --> 01:57:20.546
<v Jamie Dunphy>But that is my— is that accurate, Carl?

1280
01:57:21.912 --> 01:57:23.953
<v Unidentified speaker>About the rent in general?

1281
01:57:24.386 --> 01:57:25.657
<v Unidentified speaker>Yes, I did say that.

1282
01:57:27.055 --> 01:57:35.610
<v Unidentified speaker>And I think he also said that CPI was normal in the escalator for these type of deals.

1283
01:57:35.659 --> 01:57:36.823
<v Olivia Clark>These kinds of negotiations.

1284
01:57:37.002 --> 01:57:41.015
<v Olivia Clark>That's what I would imagine is just a standard across the industry.

1285
01:57:41.759 --> 01:57:43.118
<v Unidentified speaker>You would see that in most leases.

1286
01:57:43.417 --> 01:57:43.773
<v Carl Hirsch>Right.

1287
01:57:43.885 --> 01:57:46.188
<v Unidentified speaker>I'd say 99% of the leases.

1288
01:57:46.622 --> 01:57:53.524
<v Olivia Clark>Maybe instead of doing that here, we should be working on state legislation to change the percentage on rent control.

1289
01:57:54.126 --> 01:57:54.775
<v Olivia Clark>Anyway, thank you.

1290
01:57:55.198 --> 01:57:56.662
<v Olivia Clark>Thank you for answering my question.

1291
01:57:56.728 --> 01:57:58.046
<v Jamie Dunphy>Thank you, Vice President Clark.

1292
01:57:58.630 --> 01:58:01.216
<v Jamie Dunphy>Councilor Avalos.

1293
01:58:03.028 --> 01:58:04.015
<v Candace Avalos>Thank you.

1294
01:58:04.548 --> 01:58:07.702
<v Candace Avalos>And thank you, Councilor Green.

1295
01:58:07.798 --> 01:58:09.856
<v Candace Avalos>Happy to co-sponsor this amendment with you.

1296
01:58:09.988 --> 01:58:10.724
<v Candace Avalos>You all should have it in your packet.

1297
01:58:13.734 --> 01:58:13.911
<v Candace Avalos>Yes.

1298
01:58:14.119 --> 01:58:17.046
<v Candace Avalos>You know, we talk all the time about inflation and all that.

1299
01:58:17.511 --> 01:58:21.610
<v Candace Avalos>A flat $2 million payment 20 years from now is not the same as $2 million today.

1300
01:58:22.560 --> 01:58:29.773
<v Candace Avalos>So this simply preserves the value of the rent over time using an existing Oregon standard that everyone is already familiar with.

1301
01:58:29.998 --> 01:58:30.596
<v Candace Avalos>I think it's pretty straightforward.

1302
01:58:31.539 --> 01:58:33.548
<v Candace Avalos>It's clear that we can do these things.

1303
01:58:33.596 --> 01:58:40.725
<v Candace Avalos>I, I, I see that there is a tension between what people feel they can do as legislators and what they need permission to do by the negotiators.

1304
01:58:41.159 --> 01:58:44.019
<v Candace Avalos>I believe we have the right to put this forward.

1305
01:58:44.115 --> 01:58:46.797
<v Candace Avalos>I believe that it's, it's pretty open-ended, frankly.

1306
01:58:47.184 --> 01:58:50.717
<v Candace Avalos>So the negotiating team has plenty of leeway with how to interpret it.

1307
01:58:50.862 --> 01:58:57.078
<v Candace Avalos>But putting a standard in there so that we can make sure we're getting a true return over 20 years, I think is the bare minimum.

1308
01:58:57.143 --> 01:58:58.042
<v Candace Avalos>And I think you should support it.

1309
01:58:58.346 --> 01:58:58.701
<v Candace Avalos>Thanks.

1310
01:58:59.310 --> 01:59:00.162
<v Jamie Dunphy>Thank you, Councilor Avalos.

1311
01:59:01.094 --> 01:59:04.435
<v Jamie Dunphy>Callings, having limited debate to those in the queue on the amendment to the amendment.

1312
01:59:04.612 --> 01:59:08.835
<v Jamie Dunphy>Can we please call a roll on— are we calling— is it Green, Avalos, one?

1313
01:59:09.252 --> 01:59:09.493
<v Jamie Dunphy>Okay.

1314
01:59:10.970 --> 01:59:13.250
<v Keelan McClymont>Moved by Green, seconded by Avalos.

1315
01:59:13.604 --> 01:59:14.132
<v Keelan McClymont>Koyama Lane?

1316
01:59:14.631 --> 01:59:14.679
<v Tiffany Koyama Lane>Aye.

1317
01:59:15.289 --> 01:59:15.675
<v Keelan McClymont>Morillo?

1318
01:59:16.076 --> 01:59:16.123
<v Angelita Morillo>Aye.

1319
01:59:16.573 --> 01:59:16.958
<v Keelan McClymont>Novick?

1320
01:59:17.136 --> 01:59:17.296
<v Steve Novick>Nay.

1321
01:59:18.180 --> 01:59:18.564
<v Keelan McClymont>Clark?

1322
01:59:18.966 --> 01:59:19.127
<v Olivia Clark>No.

1323
01:59:19.689 --> 01:59:19.913
<v Keelan McClymont>Green?

1324
01:59:21.295 --> 01:59:21.422
<v Mitch Green>Aye.

1325
01:59:21.872 --> 01:59:22.242
<v Keelan McClymont>Zimmerman?

1326
01:59:22.435 --> 01:59:22.659
<v Eric Zimmerman>No.

1327
01:59:23.221 --> 01:59:23.527
<v Keelan McClymont>Avalos?

1328
01:59:23.783 --> 01:59:23.863
<v Candace Avalos>Aye.

1329
01:59:24.280 --> 01:59:24.569
<v Keelan McClymont>Smith?

1330
01:59:25.229 --> 01:59:25.469
<v Loretta Smith>No.

1331
01:59:25.951 --> 01:59:26.304
<v Keelan McClymont>Kanal?

1332
01:59:26.673 --> 01:59:26.689
<v Sameer Kanal>Aye.

1333
01:59:27.235 --> 01:59:27.621
<v Keelan McClymont>Pirtle-Guiney?

1334
01:59:29.097 --> 01:59:29.243
<v Elana Pirtle-Guiney>No.

1335
01:59:32.435 --> 01:59:32.532
<v Jamie Dunphy>No.

1336
01:59:34.215 --> 01:59:34.328
<v Dan Ryan>Aye.

1337
01:59:35.817 --> 01:59:39.440
<v Keelan McClymont>The amendment to the amendment fails with a vote of 6 ayes and 6 nays.

1338
01:59:39.862 --> 01:59:42.838
<v Jamie Dunphy>Colleagues, to the underlying amendment, is there any further discussion?

1339
01:59:43.502 --> 01:59:44.131
<v Jamie Dunphy>Councilor Smith.

1340
01:59:44.810 --> 01:59:45.231
<v Loretta Smith>Thank you.

1341
01:59:46.832 --> 01:59:50.907
<v Loretta Smith>I just want to be clear to the negotiators that I appreciate the work that you've done.

1342
01:59:50.954 --> 01:59:51.935
<v Loretta Smith>I know that this is really tough.

1343
01:59:53.487 --> 01:59:56.274
<v Loretta Smith>This is not a giveaway that you put forward to us.

1344
01:59:56.354 --> 01:59:57.261
<v Loretta Smith>It's not a handout.

1345
01:59:57.823 --> 01:59:59.105
<v Loretta Smith>It's very deliberate.

1346
01:59:59.250 --> 02:00:06.435
<v Loretta Smith>It's a structured partnership with equal access between a land and a tenant anchor, an anchor tenant.

1347
02:00:07.270 --> 02:00:09.724
<v Loretta Smith>And I want to give you kudos for doing what you're doing.

1348
02:00:09.771 --> 02:00:12.097
<v Loretta Smith>This is, this is a lot of high-pressure stuff.

1349
02:00:12.884 --> 02:00:24.256
<v Loretta Smith>And you brought back a $3 million annual direct payment back to the city, Multnomah County, and Portland Public Schools, which I, which I think should be commended.

1350
02:00:24.913 --> 02:00:33.672
<v Loretta Smith>And it captured event user fees, parking revenues, and a direct share of profits from the Veterans Memorial Coliseum.

1351
02:00:34.555 --> 02:00:55.649
<v Loretta Smith>That being secured, if we can get a binding commitment for union labor protections, community benefit agreements, and an alignment with historic restoration of the Albina neighborhood and the rebirth and the revitalization, I think Um, we can call it a good day in December.

1352
02:00:56.371 --> 02:01:02.627
<v Loretta Smith>But I'm looking forward to what you're doing because, you know, I've heard a lot of conversation about this being a really bad deal.

1353
02:01:03.751 --> 02:01:18.640
<v Loretta Smith>This— when we looked at other deals and you compare this deal, this NBA arena agreement across the country, from Oklahoma City to Milwaukee to Sacramento, Portland's negotiated terms thank you.

1354
02:01:18.752 --> 02:01:18.960
<v Loretta Smith>Thank you, Mayor.

1355
02:01:19.007 --> 02:01:26.846
<v Loretta Smith>I think the ordinance stands out as an incredibly responsible and protective, um, uh, document of the public trust.

1356
02:01:27.344 --> 02:01:37.922
<v Loretta Smith>So I think we're securing a guaranteed 20-year commitment, if we can get that, with, uh, Rip City, um, while reinvesting in the city-owned asset.

1357
02:01:38.387 --> 02:01:46.434
<v Loretta Smith>And I want to repeat, this is a city-owned asset that we must keep up, not only for the Blazers but for concerts and for the Fire.

1358
02:01:46.962 --> 02:01:48.118
<v Loretta Smith>That is what we're doing.

1359
02:01:48.390 --> 02:01:54.114
<v Loretta Smith>And, um, as, as a, uh, owner of a smallplex, you have to keep it up.

1360
02:01:54.980 --> 02:02:01.939
<v Loretta Smith>And I think that, um, the real-world trade-offs that you had to make, you did a great job.

1361
02:02:02.341 --> 02:02:07.969
<v Loretta Smith>And nothing is going to be perfect, and we cannot let the perfect, uh, become the enemy of the good.

1362
02:02:08.914 --> 02:02:13.693
<v Loretta Smith>And when we demand an impossible standard of absolute, we do not get a better deal.

1363
02:02:13.740 --> 02:02:13.868
<v Loretta Smith>Thank you.

1364
02:02:14.382 --> 02:02:15.409
<v Loretta Smith>We get gridlock.

1365
02:02:16.085 --> 02:02:24.658
<v Loretta Smith>So I want to make sure that we're not risking our state funding timelines that are going to expire in December.

1366
02:02:25.363 --> 02:02:38.994
<v Loretta Smith>And I want to signal to our, our workforce, our labor partners, and our central city businesses that Portland cannot take yes for an answer.

1367
02:02:39.492 --> 02:02:40.198
<v Loretta Smith>We have to have—.

1368
02:02:40.230 --> 02:02:40.279
<v Unidentified speaker>Ayes.

1369
02:02:41.159 --> 02:02:41.288
<v Candace Avalos>Yes.

1370
02:02:41.756 --> 02:02:42.546
<v Loretta Smith>For an answer.

1371
02:02:42.820 --> 02:02:57.537
<v Loretta Smith>So the Moda Center is, is a, um, it is, it is, it has lots of memories and, uh, family stories and all the things that we talked about when we even talked about the, uh, the Lloyd Center.

1372
02:02:58.037 --> 02:03:04.131
<v Loretta Smith>But I think this is an economic engine for downtown and for the city of Portland and for the state of Oregon.

1373
02:03:04.407 --> 02:03:07.939
<v Loretta Smith>It is a hospitality hub of the state.

1374
02:03:08.467 --> 02:03:12.649
<v Loretta Smith>It is the front door of the state, and we need to keep it.

1375
02:03:12.795 --> 02:03:22.953
<v Loretta Smith>And I want you all to do everything that you think you can do at the negotiating table to make sure that we have a fair deal and that we keep the Blazers right here in Portland, Oregon.

1376
02:03:23.931 --> 02:03:24.332
<v Loretta Smith>Thank you.

1377
02:03:25.149 --> 02:03:25.918
<v Jamie Dunphy>Thank you, Councilor Smith.

1378
02:03:26.414 --> 02:03:27.953
<v Jamie Dunphy>Councilor Kanal, to the amendment.

1379
02:03:28.033 --> 02:03:30.533
<v Sameer Kanal>Yeah, so we're debating both amendments, just to clarify, right?

1380
02:03:30.837 --> 02:03:31.078
<v Sameer Kanal>Yes.

1381
02:03:31.302 --> 02:03:33.128
<v Sameer Kanal>I request to limit debate on both amendments.

1382
02:03:34.743 --> 02:03:44.180
<v Jamie Dunphy>I'm happy— I'm going to give folks 10 seconds to get in the queue, and then I'm going to limit debate to the amendments to those in the queue.

1383
02:03:46.409 --> 02:03:47.842
<v Jamie Dunphy>Councilor Novick.

1384
02:03:48.213 --> 02:03:49.180
<v Steve Novick>Thank you, Mr. President.

1385
02:03:49.487 --> 02:03:53.578
<v Steve Novick>I'm planning to vote yes on the amendment, but I wanted to ask you something.

1386
02:03:54.850 --> 02:04:06.092
<v Steve Novick>You, Frank— Mr. President, you surprised me by voting for Councilor Green's amendment, and as I've said, my goal is to get to an extra $31 million in order for me to vote for the underlying package.

1387
02:04:06.685 --> 02:04:13.238
<v Steve Novick>So I'm contemplating making a front room deal with you if you're willing to contemplate that.

1388
02:04:14.119 --> 02:04:24.278
<v Steve Novick>I wasn't planning to offer any additional amendments myself today, but I would be happy to offer an amendment which would increase the amount of rent sufficiently to get us an extra $31 million.

1389
02:04:24.597 --> 02:04:26.311
<v Steve Novick>And but I'd be counting on you to support that.

1390
02:04:26.376 --> 02:04:28.859
<v Steve Novick>So I just wanted to ask you now if that's worth thinking about.

1391
02:04:29.083 --> 02:04:33.958
<v Jamie Dunphy>I, at this point, I'm ready to move okay.

1392
02:04:35.030 --> 02:04:37.386
<v Jamie Dunphy>Thank you.

1393
02:04:37.694 --> 02:04:37.890
<v Jamie Dunphy>Great.

1394
02:04:38.929 --> 02:04:43.922
<v Jamie Dunphy>Seeing no one else in the queue, Keelan, could we please call the roll?

1395
02:04:44.117 --> 02:04:46.412
<v Jamie Dunphy>We're going to— not going to vote on them as a package.

1396
02:04:46.462 --> 02:04:50.667
<v Jamie Dunphy>We're voting on Amendment 1 first, Amendment 2 second.

1397
02:04:50.747 --> 02:04:54.868
<v Jamie Dunphy>Could we please call the roll on Dunphy, Pirtle-Guiney, Ryan, Kanal 1?

1398
02:04:56.313 --> 02:04:58.252
<v Keelan McClymont>Moved by Dunphy, seconded by Clark.

1399
02:04:58.542 --> 02:04:59.087
<v Keelan McClymont>Koyama Lane?

1400
02:04:59.503 --> 02:04:59.631
<v Tiffany Koyama Lane>Aye.

1401
02:05:00.081 --> 02:05:00.546
<v Keelan McClymont>Murillo?

1402
02:05:01.188 --> 02:05:01.235
<v Angelita Morillo>Aye.

1403
02:05:01.765 --> 02:05:02.166
<v Keelan McClymont>Novick?

1404
02:05:02.711 --> 02:05:02.886
<v Steve Novick>Aye.

1405
02:05:03.529 --> 02:05:03.784
<v Keelan McClymont>Clark?

1406
02:05:04.234 --> 02:05:04.265
<v Olivia Clark>Aye.

1407
02:05:04.796 --> 02:05:04.939
<v Keelan McClymont>Greene?

1408
02:05:05.917 --> 02:05:05.966
<v Mitch Green>Aye.

1409
02:05:06.576 --> 02:05:07.024
<v Keelan McClymont>Zimmerman?

1410
02:05:08.162 --> 02:05:08.323
<v Eric Zimmerman>Aye.

1411
02:05:08.885 --> 02:05:09.189
<v Keelan McClymont>Avalos?

1412
02:05:09.445 --> 02:05:09.493
<v Candace Avalos>Aye.

1413
02:05:10.103 --> 02:05:10.391
<v Keelan McClymont>Smith?

1414
02:05:10.889 --> 02:05:10.936
<v Loretta Smith>Aye.

1415
02:05:11.466 --> 02:05:11.707
<v Keelan McClymont>Kanal?

1416
02:05:12.252 --> 02:05:12.268
<v Sameer Kanal>Aye.

1417
02:05:13.069 --> 02:05:13.439
<v Keelan McClymont>Pirtle-Guiney?

1418
02:05:14.095 --> 02:05:14.144
<v Elana Pirtle-Guiney>Aye.

1419
02:05:14.673 --> 02:05:14.962
<v Keelan McClymont>Ryan?

1420
02:05:15.298 --> 02:05:15.378
<v Dan Ryan>Aye.

1421
02:05:16.037 --> 02:05:16.356
<v Keelan McClymont>Dunphy?

1422
02:05:16.902 --> 02:05:16.951
<v Jamie Dunphy>Aye.

1423
02:05:20.046 --> 02:05:21.119
<v Jamie Dunphy>Thank you very much, colleagues.

1424
02:05:21.167 --> 02:05:28.645
<v Jamie Dunphy>And can we please call the roll on Moved by Dunphy, seconded by Clark.

1425
02:05:30.729 --> 02:05:30.779
<v Tiffany Koyama Lane>Aye.

1426
02:05:34.194 --> 02:05:34.242
<v Angelita Morillo>Aye.

1427
02:05:36.872 --> 02:05:36.921
<v Steve Novick>Aye.

1428
02:05:39.779 --> 02:05:39.940
<v Keelan McClymont>Green.

1429
02:05:40.520 --> 02:05:40.634
<v Mitch Green>Aye.

1430
02:05:41.327 --> 02:05:44.162
<v Keelan McClymont>Sorry, I didn't hear that.

1431
02:05:45.131 --> 02:05:45.453
<v Keelan McClymont>Thank you.

1432
02:05:47.225 --> 02:05:47.403
<v Elana Pirtle-Guiney>Aye.

1433
02:05:50.809 --> 02:05:50.856
<v Sameer Kanal>Aye.

1434
02:05:52.497 --> 02:05:52.546
<v Olivia Clark>Aye.

1435
02:05:53.238 --> 02:05:53.527
<v Keelan McClymont>Ryan.

1436
02:05:54.670 --> 02:05:54.765
<v Dan Ryan>Aye.

1437
02:05:57.340 --> 02:05:57.777
<v Elana Pirtle-Guiney>Is that aye?

1438
02:06:00.034 --> 02:06:02.260
<v Keelan McClymont>Sorry, that is very loud out there.

1439
02:06:05.189 --> 02:06:05.367
<v Keelan McClymont>Thanks.

1440
02:06:06.849 --> 02:06:07.155
<v Keelan McClymont>Dunphy.

1441
02:06:07.462 --> 02:06:07.510
<v Jamie Dunphy>Aye.

1442
02:06:08.105 --> 02:06:10.426
<v Keelan McClymont>The amendment is approved with a vote of 12 ayes.

1443
02:06:12.953 --> 02:06:21.197
<v Jamie Dunphy>Hey, can we please colleagues, discussion of the technical— wait, actually, I'm going to see if there are any other further amendments that are being proposed.

1444
02:06:21.244 --> 02:06:21.759
<v Jamie Dunphy>Councilor Knoll.

1445
02:06:22.529 --> 02:06:23.493
<v Sameer Kanal>Thank you, Council President.

1446
02:06:23.556 --> 02:06:25.820
<v Sameer Kanal>So a note on the amendments we just passed.

1447
02:06:26.046 --> 02:06:31.006
<v Sameer Kanal>I want to be clear, I don't think the mayor's negotiating team needed to vet these.

1448
02:06:31.215 --> 02:06:37.268
<v Sameer Kanal>I think we should have done this the way the charter intends and that voters approved, where we exercise our independent judgment as 12 elected officials and make decisions.

1449
02:06:37.765 --> 02:06:49.574
<v Sameer Kanal>That didn't happen last week, but given that it mattered to colleagues who evidently didn't know that at least 2 of us who proposed amendments, Councilor Novick and I, did in fact follow the process as outlined in one of the several emails we got with recommendations on how to do this.

1450
02:06:49.895 --> 02:07:02.167
<v Sameer Kanal>We got to where we are today, and I'm grateful that for the first time in this process, I personally felt listened to in part with the content of these amendments by the negotiating team and by 3 colleagues who had voted no on all this last week.

1451
02:07:02.393 --> 02:07:03.644
<v Sameer Kanal>Um, and I appreciate that.

1452
02:07:03.756 --> 02:07:06.788
<v Sameer Kanal>I also— that's basically me saying I agree with everything Councilor Avalos said earlier.

1453
02:07:06.853 --> 02:07:06.997
<v Sameer Kanal>Thank you.

1454
02:07:07.847 --> 02:07:16.293
<v Sameer Kanal>I also appreciate that my colleagues have been willing to do the hard work of thinking creatively, listening to constituents, looking at the evidence, and coming up with policy proposals to improve the term sheet.

1455
02:07:16.935 --> 02:07:21.256
<v Sameer Kanal>Several of us brought the energy and ideas to the conversation that Portlanders have been asking for.

1456
02:07:21.592 --> 02:07:29.268
<v Sameer Kanal>And specifically, I want to note that 4 other colleagues, Councilor Avalos, Murillo, Green, and Novick, along with myself, offered the amendments, some of which ultimately got repackaged into this.

1457
02:07:29.782 --> 02:07:30.761
<v Sameer Kanal>Rent is a huge deal.

1458
02:07:30.905 --> 02:07:33.088
<v Sameer Kanal>Councilor Avalos, among others, deserves a lot of credit for this.

1459
02:07:33.154 --> 02:07:35.145
<v Sameer Kanal>It seems to be based off of Avalos 6 and a bit of 5.

1460
02:07:35.193 --> 02:07:35.337
<v Sameer Kanal>Thank you.

1461
02:07:35.369 --> 02:07:40.923
<v Sameer Kanal>The rewording in the resolution appears to be based off of Green and Avalos, as does the added text on the joint authority in the term sheet.

1462
02:07:41.164 --> 02:07:42.994
<v Sameer Kanal>The development rights are based on Avalos 1.

1463
02:07:43.171 --> 02:07:45.644
<v Sameer Kanal>Avalos 3 appears to be incorporated into the resolution.

1464
02:07:46.078 --> 02:07:49.305
<v Sameer Kanal>Avalos 4 seems to be nodded to in the term sheet amendment about other tenants.

1465
02:07:49.432 --> 02:07:53.141
<v Sameer Kanal>Avalos 9 and 11 seem to be referenced in the community benefits agreement updates.

1466
02:07:53.606 --> 02:08:00.574
<v Sameer Kanal>The updates with clarity on the authorities of the mayor and city administrator are part of Canal 1, and Canal 4 on a return on investment was added in full.

1467
02:08:01.168 --> 02:08:04.460
<v Sameer Kanal>There are other things, however, that aren't in those packages that I did want to note.

1468
02:08:04.541 --> 02:08:04.604
<v Sameer Kanal>Yes.

1469
02:08:04.829 --> 02:08:10.475
<v Sameer Kanal>We've already noted Councilor Green's point about the impact statement.

1470
02:08:11.100 --> 02:08:15.640
<v Sameer Kanal>Councilor Novick and I both raised the issue of having flexibility over a slightly higher user fee.

1471
02:08:16.234 --> 02:08:18.704
<v Sameer Kanal>Councilor Novick discussed reconfiguring the parking split.

1472
02:08:19.443 --> 02:08:26.628
<v Sameer Kanal>Councilor Murillo proposed clarity and 30 days' notice, among other things, before we vote on budget and funding sources, including opportunity costs.

1473
02:08:27.158 --> 02:08:32.034
<v Sameer Kanal>And opportunity costs may be the biggest part of this that has let— is a stone that has yet to be turned over here.

1474
02:08:32.082 --> 02:08:42.125
<v Sameer Kanal>Councilor Novick, Because it's not as though, despite what you may have heard by a signature gatherer in the last few months, it's not as though PSF money is sitting around unspent, right?

1475
02:08:42.573 --> 02:08:43.956
<v Sameer Kanal>It's all appropriated.

1476
02:08:44.278 --> 02:08:49.259
<v Sameer Kanal>So if we are going to use it, or frankly general fund money, there's an opportunity cost, something that won't get funded.

1477
02:08:49.644 --> 02:08:50.832
<v Sameer Kanal>And we haven't looked at that yet.

1478
02:08:50.913 --> 02:08:58.271
<v Sameer Kanal>And there's a concern that if we don't look into it, if we don't guarantee in the term sheet that we're going to look into it, we might not by the time December rolls around.

1479
02:08:58.320 --> 02:08:58.417
<v Sameer Kanal>Thank you.

1480
02:08:59.524 --> 02:09:05.712
<v Sameer Kanal>Councilor Green and Avalos proposed being clear that the council can remove people from the joint authority, which I think is really important.

1481
02:09:05.761 --> 02:09:09.913
<v Sameer Kanal>It was in one of the amendments down in the footnotes, but it was clearly in track changes.

1482
02:09:10.731 --> 02:09:15.220
<v Sameer Kanal>And Councilor Avalos has, of course, raised private capital contributions, revenue sharing, and participation naming rights.

1483
02:09:16.182 --> 02:09:21.490
<v Sameer Kanal>I want to focus on one missing piece, though, which is the part of Canal 1 that didn't get in to protect PSF.

1484
02:09:22.277 --> 02:09:32.204
<v Sameer Kanal>I propose that we say we can only evaluate the use of a restricted fund with enough information and time to evaluate it through the standard evaluation processes.

1485
02:09:32.863 --> 02:09:52.451
<v Sameer Kanal>I think that both Councilor Murillo's amendment and mine were attempting to resolve a similar concern, which is the idea, I think it's December 9th that the plan is to have a final vote ideally on this, that on December 8th, we're told by probably somebody who works for the city that this is all piecefable, don't worry about it, just go with it.

1486
02:09:52.515 --> 02:09:52.610
<v Sameer Kanal>Thank you.

1487
02:09:54.118 --> 02:09:57.487
<v Sameer Kanal>And I'm very concerned about that, trying to get out ahead of it.

1488
02:09:58.064 --> 02:09:59.186
<v Sameer Kanal>We haven't managed to yet.

1489
02:09:59.283 --> 02:10:02.265
<v Sameer Kanal>If there's the votes to do it today, I definitely want to do that today.

1490
02:10:02.779 --> 02:10:06.338
<v Sameer Kanal>If not, I will, you know, certainly have that as a concern going forward.

1491
02:10:07.029 --> 02:10:18.255
<v Sameer Kanal>But I wanted to note that in brief, in passing, when I asked questions, the negotiating team told me that you think PCF evaluation processes are already protected.

1492
02:10:18.319 --> 02:10:18.399
<v Sameer Kanal>Yes.

1493
02:10:19.137 --> 02:10:23.828
<v Sameer Kanal>And I wanted to ask if you could give a little bit more detail on that to me, my colleagues, and to the public.

1494
02:10:24.279 --> 02:10:25.372
<v Donnie Oliveira>Thanks for the question, Councilor.

1495
02:10:25.902 --> 02:10:39.557
<v Donnie Oliveira>So in this particular case, I believe we are talking about any time that in the code, any time that council will take an action related to the PSF code, the PSF committee will deliberate on those topics.

1496
02:10:39.975 --> 02:10:49.881
<v Donnie Oliveira>So in the event that we have details that could potentially utilize PSF dollars for this renovation, before that came to council, the PCF committee would contemplate it.

1497
02:10:50.635 --> 02:11:10.416
<v Donnie Oliveira>The original plan for this particular moment in time was that we had scheduled time in July for the PCF committee to receive details from the Blazers and their architect team, by which they could have, in theory, assuming the data was obvious and the eligibility was clear, would've made a recommendation to council to proceed with contemplation of the $75 million or whatever the number would've been.

1498
02:11:10.463 --> 02:11:11.105
<v Donnie Oliveira>I think that's a good point.

1499
02:11:11.971 --> 02:11:14.202
<v Donnie Oliveira>Because we didn't get those details, that meeting never happened.

1500
02:11:14.699 --> 02:11:17.010
<v Donnie Oliveira>So our working assumption remains the same.

1501
02:11:17.250 --> 02:11:23.650
<v Donnie Oliveira>Like all other PSF actions, before they come to council, the PSF committee will evaluate and make a recommendation.

1502
02:11:24.789 --> 02:11:35.859
<v Sameer Kanal>So that means that in the event that we don't get the information in time for that process before a final vote in December, that your proposal would by necessity not include PSF?

1503
02:11:36.742 --> 02:11:37.609
<v Donnie Oliveira>Councilor, absolutely.

1504
02:11:37.720 --> 02:11:41.618
<v Donnie Oliveira>But also, if we don't have the details for PSF, that means we probably don't have the details for the whole package.

1505
02:11:42.684 --> 02:11:44.518
<v Sameer Kanal>Okay, I agree on that.

1506
02:11:44.694 --> 02:11:51.033
<v Sameer Kanal>I appreciate the first half of that because I agree that probably on the second half, but the first half did not have probably, and I appreciate that.

1507
02:11:54.385 --> 02:12:04.378
<v Sameer Kanal>The other thing that I wanted to try and get on the record here is there's nothing in this that outsources the decision on PSF eligibility to the joint authority in this document, right?

1508
02:12:04.541 --> 02:12:04.751
<v Donnie Oliveira>Correct.

1509
02:12:05.090 --> 02:12:05.994
<v Donnie Oliveira>It's 100%.

1510
02:12:06.640 --> 02:12:09.838
<v Donnie Oliveira>The allocation of city resources follow the normal city process.

1511
02:12:10.283 --> 02:12:13.862
<v Sameer Kanal>Which means City Council determines that based on input for the PSEF committee?

1512
02:12:14.038 --> 02:12:14.376
<v Donnie Oliveira>Correct.

1513
02:12:14.841 --> 02:12:15.097
<v Sameer Kanal>Okay.

1514
02:12:15.884 --> 02:12:16.992
<v Sameer Kanal>I appreciate that.

1515
02:12:17.087 --> 02:12:34.230
<v Sameer Kanal>Obviously, colleagues, my concern has been that having the way the joint authority is currently contemplated, having the same people who are appointed by someone who wanted to use PSEF for sweeps a few months ago be deciding whether or not it's eligible for this has been a concern to me.

1516
02:12:35.162 --> 02:12:39.817
<v Sameer Kanal>And I appreciate that several of my colleagues have worked on fixing that latter problem and we'll do that here.

1517
02:12:40.297 --> 02:12:41.244
<v Sameer Kanal>I appreciate that.

1518
02:12:41.565 --> 02:12:43.970
<v Sameer Kanal>I would still like it to be more specific than that.

1519
02:12:44.146 --> 02:12:49.886
<v Sameer Kanal>I doubt, but I will ask as colleagues are discussing this for them to prove me wrong if I am wrong.

1520
02:12:50.318 --> 02:12:53.925
<v Sameer Kanal>But I doubt that there are the votes to reconsider that previous amendment.

1521
02:12:54.310 --> 02:12:58.943
<v Sameer Kanal>If so, I would love it if someone who voted no on it previously said so, so that we could do it.

1522
02:12:59.600 --> 02:13:01.572
<v Sameer Kanal>The rest of either Kanal 1 or Murillo 1.

1523
02:13:01.699 --> 02:13:06.268
<v Sameer Kanal>I actually think Murillo 1 is longer and may take a little longer to read, but I think it's better.

1524
02:13:06.364 --> 02:13:07.838
<v Sameer Kanal>It's more comprehensive, frankly.

1525
02:13:08.192 --> 02:13:11.126
<v Sameer Kanal>And I got 2/3 of what's in Kanal 1 already in.

1526
02:13:11.557 --> 02:13:12.777
<v Sameer Kanal>But either one for me would be sufficient.

1527
02:13:12.841 --> 02:13:13.289
<v Sameer Kanal>Councilor Dan Ryan.

1528
02:13:13.210 --> 02:13:15.295
<v Sameer Kanal>Sufficient to meet that particular concern.

1529
02:13:15.809 --> 02:13:19.338
<v Sameer Kanal>And so I, I am curious about that, and I just wanted to get that on the record.

1530
02:13:19.500 --> 02:13:31.613
<v Sameer Kanal>And I appreciate the, the answers to the questions, but also I, I still would prefer it to be a little bit more explicit because one of the things that's come up here is, um, there's not a lot of public trust, um, around this process.

1531
02:13:32.015 --> 02:13:35.465
<v Sameer Kanal>I think I'm saying that in the most understatement way possible.

1532
02:13:35.930 --> 02:13:45.997
<v Sameer Kanal>Um, and I think that one thing that we can do— I understand that from a legal perspective and from, you know, the jobs that you all have, it doesn't necessarily need to have certain things in the text.

1533
02:13:46.462 --> 02:13:54.993
<v Sameer Kanal>But for the people that are one row behind you and evidently outside in the plaza, uh, it might be helpful to have those things to, to be clearer.

1534
02:13:55.073 --> 02:13:56.373
<v Sameer Kanal>So that's my interest there.

1535
02:13:56.967 --> 02:13:59.971
<v Sameer Kanal>Um, but I'll, I'll leave it at that for now and let the discussion continue.

1536
02:14:00.036 --> 02:14:00.390
<v Sameer Kanal>Thanks.

1537
02:14:01.305 --> 02:14:02.301
<v Jamie Dunphy>Thank you, Councilor Kanal.

1538
02:14:02.671 --> 02:14:12.033
<v Jamie Dunphy>Uh, colleagues, just to— for clarity, uh, it is my intention to get us through to the technical amendment and then we'll take a rest Councilor Novick.

1539
02:14:12.667 --> 02:14:16.404
<v Steve Novick>Mr. President, did you say that it's time for us to offer any other amendments?

1540
02:14:16.958 --> 02:14:17.842
<v Jamie Dunphy>Absolutely.

1541
02:14:18.131 --> 02:14:18.662
<v Steve Novick>Okay.

1542
02:14:19.015 --> 02:14:25.158
<v Steve Novick>A couple of weeks ago, President Hankins told us that no team would sign a lease that puts it in the red for 20 years.

1543
02:14:27.948 --> 02:14:32.137
<v Steve Novick>I asked the question, why would a landlord sign a lease that puts us in the red for 20 years?

1544
02:14:34.000 --> 02:14:44.796
<v Steve Novick>Based on, as I was saying earlier, I think that the amount that we'll be putting in, assuming we borrow the money and discounting the, you know, the business license fee money, would be $117 million.

1545
02:14:46.320 --> 02:14:52.350
<v Steve Novick>We are right now, thanks to the proposals that have been brought forward, at about $86 million.

1546
02:14:53.381 --> 02:15:07.203
<v Steve Novick>So based on my pure back-of-the-envelope calculations, I think that in order to get to $117 million and get to an even deal, We'd have to increase the rent to $3.17 million a year.

1547
02:15:07.672 --> 02:15:11.055
<v Steve Novick>So I move to increase the rent amount to $3.17 million.

1548
02:15:12.283 --> 02:15:13.913
<v Jamie Dunphy>Councilor Novick has moved.

1549
02:15:14.060 --> 02:15:17.420
<v Jamie Dunphy>We'll call this Novick 1, 2, I don't know.

1550
02:15:19.168 --> 02:15:21.175
<v Jamie Dunphy>And are you able to reduce that to writing?

1551
02:15:22.677 --> 02:15:22.810
<v Steve Novick>Yes.

1552
02:15:23.106 --> 02:15:23.453
<v Jamie Dunphy>Thank you.

1553
02:15:23.519 --> 02:15:24.243
<v Jamie Dunphy>Is there a second?

1554
02:15:28.579 --> 02:15:29.802
<v Mitch Green>Second, because I want to debate it.

1555
02:15:29.899 --> 02:15:30.494
<v Mitch Green>I want to know more.

1556
02:15:30.881 --> 02:15:34.697
<v Jamie Dunphy>Okay, Councilor Green seconds.

1557
02:15:35.034 --> 02:15:40.118
<v Jamie Dunphy>Colleagues to the, uh, Novick— I believe it's Novick 2 at this point.

1558
02:15:40.523 --> 02:15:42.418
<v Jamie Dunphy>So colleagues to Novick 2, to those in the queue.

1559
02:15:43.114 --> 02:15:43.860
<v Jamie Dunphy>Uh, Councilor Murillo.

1560
02:15:46.319 --> 02:15:50.744
<v Angelita Morillo>Uh, I was going to talk about something else, but I'm interested to learn more and see the language.

1561
02:15:50.875 --> 02:15:56.617
<v Angelita Morillo>I'm not really sure why you didn't support Councilor Green's amendment, but sure, we can just Okay, Councilor Knoll.

1562
02:15:57.787 --> 02:15:57.930
<v Keelan McClymont>Aye.

1563
02:15:58.667 --> 02:16:00.078
<v Jamie Dunphy>Okay, Councilor Green.

1564
02:16:01.552 --> 02:16:05.798
<v Mitch Green>Yeah, I just need you to clarify what you're doing here, Councilor.

1565
02:16:06.777 --> 02:16:09.180
<v Mitch Green>Is that flat nominal across 20 years?

1566
02:16:09.261 --> 02:16:11.648
<v Mitch Green>Is that the base and then escalated at 3%?

1567
02:16:12.770 --> 02:16:19.645
<v Steve Novick>Sorry, it's— it would— no, it would be changing the $2 million in the current proposal to $3.17 million with the same escalator.

1568
02:16:19.900 --> 02:16:20.029
<v Steve Novick>Okay.

1569
02:16:20.863 --> 02:16:23.073
<v Mitch Green>That's my question.

1570
02:16:23.411 --> 02:16:26.150
<v Mitch Green>I'm doing my math while we sit here and talk.

1571
02:16:26.935 --> 02:16:27.881
<v Jamie Dunphy>Thank you, Councilor Green.

1572
02:16:28.057 --> 02:16:28.715
<v Jamie Dunphy>Councilor Pirtle-Guiney.

1573
02:16:29.819 --> 02:16:30.957
<v Elana Pirtle-Guiney>Thank you, Council President.

1574
02:16:31.037 --> 02:16:38.618
<v Elana Pirtle-Guiney>Councilor Novick, your calculations are based on us borrowing and paying interest, us bonding for this essentially.

1575
02:16:38.729 --> 02:16:39.852
<v Elana Pirtle-Guiney>Is that correct?

1576
02:16:40.316 --> 02:16:48.110
<v Steve Novick>Yeah, my assumption, my assumption was that we're not going to approve using PCF money, um, Or even if we did, we'd only approve it as a loan.

1577
02:16:48.950 --> 02:16:57.950
<v Steve Novick>So I told Jonas, all right, if we're going to put up $120 million, let's assume we are going to get $45 million in business license tax money from the sale of the Blazers.

1578
02:16:57.950 --> 02:17:00.950
<v Steve Novick>I realize that's money we would get anyway, but at least it's Blazer-related.

1579
02:17:01.569 --> 02:17:03.260
<v Steve Novick>So that leaves us another $75 million.

1580
02:17:03.629 --> 02:17:09.729
<v Steve Novick>And I asked Jonas, what is a reasonable interest rate we'd expect to get if we're borrowing $75 million?

1581
02:17:09.729 --> 02:17:11.809
<v Steve Novick>And I think he said something like 4.6%.

1582
02:17:11.809 --> 02:17:13.690
<v Steve Novick>Apply that, come to $117 million.

1583
02:17:13.690 --> 02:17:13.729
<v Steve Novick>Thank you.

1584
02:17:14.828 --> 02:17:19.353
<v Steve Novick>So I'm trying to figure out how we get back $117 million over 20 years.

1585
02:17:21.494 --> 02:17:22.127
<v Elana Pirtle-Guiney>Understood.

1586
02:17:22.613 --> 02:17:38.192
<v Elana Pirtle-Guiney>If we were able to do this without borrowing, and I'm not looking specifically to PSAP, I want to be really clear, there are other funding sources that have been floated through this whole process, we would be at even now, correct?

1587
02:17:40.054 --> 02:17:41.631
<v Elana Pirtle-Guiney>Based on your calculations that you've done?

1588
02:17:42.549 --> 02:17:43.307
<v Steve Novick>Yeah, but I don't care.

1589
02:17:43.822 --> 02:17:45.254
<v Steve Novick>I mean, I'm closing my mind.

1590
02:17:45.302 --> 02:17:46.784
<v Steve Novick>I'm assuming that we have to borrow the money.

1591
02:17:47.155 --> 02:17:48.088
<v Steve Novick>That's my assumption.

1592
02:17:48.733 --> 02:17:49.939
<v Elana Pirtle-Guiney>Thank you for that clarification.

1593
02:17:51.092 --> 02:17:52.111
<v Jamie Dunphy>Thank you, Councilor Pirtle-Guiney.

1594
02:17:52.969 --> 02:17:53.568
<v Jamie Dunphy>Councilor Smith.

1595
02:17:55.528 --> 02:17:55.884
<v Loretta Smith>Thank you.

1596
02:17:56.418 --> 02:18:17.930
<v Loretta Smith>Um, that's a, a really thoughtful idea, but it is making us make a decision on the money piece, um, when we haven't been presented with the money piece, and I don't want to just piecemeal something together when we may, as Councilor Pirtle-Guiney says, we may have some other options to be able to pay for this outright.

1597
02:18:18.138 --> 02:18:27.371
<v Loretta Smith>So I don't want to mess anything up right now, but thank you for coming up with that very clever formula.

1598
02:18:28.318 --> 02:18:41.504
<v Loretta Smith>I just don't think that it's— I don't think that it is good for us to make a decision like this outside of the bigger conversation that we're going to have around how do we pay for the whole thing.

1599
02:18:45.190 --> 02:18:45.674
<v Jamie Dunphy>Thank you, Councilor Smith.

1600
02:18:45.771 --> 02:18:46.190
<v Jamie Dunphy>Thank you.

1601
02:18:46.577 --> 02:18:46.965
<v Jamie Dunphy>Councilor Green.

1602
02:18:49.159 --> 02:18:50.354
<v Mitch Green>Yeah, I'm inclined to support it.

1603
02:18:50.531 --> 02:19:01.084
<v Mitch Green>Um, I'll note that it is, it is more reven— more revenue and rent than the sort of most rosy scenario for Tom Dundon.

1604
02:19:01.938 --> 02:19:05.766
<v Mitch Green>And less revenue and rent for the worst-case scenario for Tom Dundon.

1605
02:19:06.539 --> 02:19:11.208
<v Mitch Green>It's a little closer to the 7% zero bound.

1606
02:19:12.174 --> 02:19:13.622
<v Mitch Green>So I'm fine with that.

1607
02:19:13.768 --> 02:19:18.559
<v Mitch Green>It's certainly better than not having the extra here, significantly better so.

1608
02:19:21.273 --> 02:19:25.604
<v Mitch Green>The total cost is $400 million, so it does leave a gap, but I appreciate what you're doing.

1609
02:19:25.943 --> 02:19:41.343
<v Mitch Green>You're getting us closer to a thing, and I would also urge my colleagues support this because if you're going to be a fiscally responsible person in our budget setting choices, like we had a lot of conversation last spring about what it means to be fiscally responsible.

1610
02:19:42.033 --> 02:19:52.656
<v Mitch Green>And if you're going to say, well, maybe we'll hope to get some other revenue later on a hope and a prayer, I don't know how that squares with previous positions taken.

1611
02:19:52.703 --> 02:19:54.836
<v Mitch Green>So kudos to Councilor Novick.

1612
02:19:54.902 --> 02:19:55.014
<v Mitch Green>Thank you.

1613
02:19:55.905 --> 02:19:56.784
<v Donnie Oliveira>You have my endorsement.

1614
02:19:57.061 --> 02:19:58.055
<v Mitch Green>Let's vote yes on this.

1615
02:19:59.729 --> 02:19:59.825
<v Jamie Dunphy>Thank you.

1616
02:19:59.875 --> 02:20:00.295
<v Jamie Dunphy>Councilor Green?

1617
02:20:02.429 --> 02:20:04.319
<v Jamie Dunphy>Councilor Murray is still for the— okay, cool.

1618
02:20:04.772 --> 02:20:06.436
<v Jamie Dunphy>Okay, seeing no one else in the queue, can we please—.

1619
02:20:06.436 --> 02:20:07.003
<v Loretta Smith>I'm in the queue.

1620
02:20:07.181 --> 02:20:07.779
<v Jamie Dunphy>Oh, you are in the queue again.

1621
02:20:07.843 --> 02:20:08.004
<v Jamie Dunphy>I'm sorry.

1622
02:20:08.069 --> 02:20:08.458
<v Jamie Dunphy>Councilor Smith?

1623
02:20:08.733 --> 02:20:09.168
<v Jamie Dunphy>Councilor Smith?

1624
02:20:09.686 --> 02:20:11.465
<v Loretta Smith>Um, I just have a quick question.

1625
02:20:11.805 --> 02:20:28.984
<v Loretta Smith>So adding this amendment, which is adding to a non-binding, um, term sheet already, it does not bind us to that if we in the future to this, um, amendment that Councilor Novick is trying to, uh, to push through?

1626
02:20:29.593 --> 02:20:34.058
<v Donnie Oliveira>Councilor Reed, that would be our starting position with negotiations if it, if it was adopted.

1627
02:20:34.652 --> 02:20:38.555
<v Loretta Smith>But what I'm saying, but it's not— this is not a binding document, right?

1628
02:20:40.031 --> 02:20:41.139
<v Donnie Oliveira>No, but it's directive.

1629
02:20:41.333 --> 02:20:43.194
<v Donnie Oliveira>It's— we're taking it as a starting position.

1630
02:20:43.709 --> 02:20:59.941
<v Loretta Smith>Okay, I, I appreciate you taking it as a starting position, but what I'm, what I'm trying to say is If we do this amendment saying where the money comes from and how much money we get back and how we, how we pay for this now, does it bind us to doing this thing that he's trying to do?

1631
02:21:04.099 --> 02:21:06.115
<v Donnie Oliveira>Um, I, I don't, I don't think so, Councilor.

1632
02:21:06.665 --> 02:21:18.474
<v Donnie Oliveira>I think if I understand the Councilor's amendment, it's— he's really tweaking the details around the rent and he's basing it on some assumptions about the broader funding, which I think in all fairness we have to sort out, but the—.

1633
02:21:18.700 --> 02:21:20.004
<v Loretta Smith>But we haven't decided that yet.

1634
02:21:20.085 --> 02:21:29.220
<v Loretta Smith>But what I'm trying to— what I'm trying to find out is, does it make us do what he says he's going to do since this is a non-binding document that we're sending?

1635
02:21:30.825 --> 02:21:30.923
<v Loretta Smith>No.

1636
02:21:31.052 --> 02:21:31.230
<v Unidentified speaker>No.

1637
02:21:33.338 --> 02:21:35.334
<v Loretta Smith>Okay, thank you.

1638
02:21:36.485 --> 02:21:37.280
<v Jamie Dunphy>Thank you, Councilor Smith.

1639
02:21:39.100 --> 02:21:43.510
<v Jamie Dunphy>Calling— seeing no one else in the queue, can we please call the roll on Novick 2?

1640
02:21:43.783 --> 02:21:45.570
<v Jamie Dunphy>I'm sorry, yeah, is that right?

1641
02:21:45.700 --> 02:21:49.691
<v Jamie Dunphy>We're calling it Novick— I don't know, Novick 1.

1642
02:21:50.143 --> 02:21:51.933
<v Jamie Dunphy>We'll call it whatever.

1643
02:21:52.144 --> 02:21:52.680
<v Raymond C. Lee>Yeah.

1644
02:21:52.875 --> 02:21:55.049
<v Keelan McClymont>Uh, moved by Novick, seconded by Green.

1645
02:21:55.309 --> 02:21:55.797
<v Keelan McClymont>Koyama Lane?

1646
02:21:57.420 --> 02:21:57.468
<v Tiffany Koyama Lane>Aye.

1647
02:21:58.733 --> 02:21:59.006
<v Keelan McClymont>Green?

1648
02:21:59.763 --> 02:21:59.811
<v Mitch Green>Aye.

1649
02:22:00.986 --> 02:22:01.406
<v Keelan McClymont>Novick?

1650
02:22:01.775 --> 02:22:01.824
<v Steve Novick>Aye.

1651
02:22:02.742 --> 02:22:03.095
<v Keelan McClymont>Clark?

1652
02:22:03.337 --> 02:22:03.643
<v Olivia Clark>No.

1653
02:22:05.736 --> 02:22:06.025
<v Keelan McClymont>Green?

1654
02:22:06.444 --> 02:22:06.621
<v Mitch Green>Aye.

1655
02:22:07.104 --> 02:22:07.475
<v Keelan McClymont>Zimmerman?

1656
02:22:07.974 --> 02:22:08.070
<v Eric Zimmerman>No.

1657
02:22:11.490 --> 02:22:11.731
<v Loretta Smith>No.

1658
02:22:12.391 --> 02:22:12.682
<v Keelan McClymont>Null.

1659
02:22:13.020 --> 02:22:13.067
<v Sameer Kanal>Aye.

1660
02:22:14.082 --> 02:22:14.854
<v Angelita Morillo>No.

1661
02:22:16.963 --> 02:22:17.125
<v Unidentified speaker>No.

1662
02:22:19.379 --> 02:22:19.540
<v Keelan McClymont>Aye.

1663
02:22:20.505 --> 02:22:24.042
<v Keelan McClymont>Uh, the amendment is approved with a vote of 7 ayes and 5 nays.

1664
02:22:25.028 --> 02:22:25.706
<v Jamie Dunphy>Thank you, colleagues.

1665
02:22:27.361 --> 02:22:27.909
<v Jamie Dunphy>Councilor Morillo.

1666
02:22:29.213 --> 02:22:30.855
<v Angelita Morillo>Thank you.

1667
02:22:31.934 --> 02:22:39.058
<v Angelita Morillo>Um, I I appreciate everything that you laid out, Councilor Kanal, as far as accountability for these public dollars.

1668
02:22:40.250 --> 02:22:48.188
<v Angelita Morillo>So because of that, I'm gonna re— I, I would also like to hear people's rationale for Murillo 1, um, specifically.

1669
02:22:48.252 --> 02:22:51.740
<v Angelita Morillo>Uh, and everyone keeps asking me this, it's Murillo or Murillo?

1670
02:22:51.903 --> 02:22:53.843
<v Angelita Morillo>It's English and Spanish, it's fine either way.

1671
02:22:54.488 --> 02:23:09.239
<v Angelita Morillo>But I want to bring this back because I think that we need some accountability and for not just ourselves, but also for the public, for why we are making certain decisions and also to figure out the opportunity costs.

1672
02:23:09.706 --> 02:23:28.046
<v Angelita Morillo>Because if we are being given information that's very last minute about the budget vote in December, and say we do end up having to use PSF dollars for this because we have obligated ourselves to something and there are no other alternative funds, which is a very real possibility.

1673
02:23:28.099 --> 02:23:28.486
<v Tiffany Koyama Lane>Yes.

1674
02:23:28.211 --> 02:23:28.819
<v Angelita Morillo>Possibility.

1675
02:23:29.829 --> 02:23:37.889
<v Angelita Morillo>There are currently invested in climate projects that are going to have to be— we're going to remove the funding for those projects.

1676
02:23:38.387 --> 02:23:40.597
<v Angelita Morillo>Every single PCF dollar is already allocated.

1677
02:23:41.447 --> 02:23:56.173
<v Angelita Morillo>So if we are not willing to get clarity around what we are going to be cutting, I, I don't really understand what the drawback is for us having more information as a council body to make a responsible vote.

1678
02:23:56.734 --> 02:24:01.269
<v Angelita Morillo>So I've emailed that to you and your staff to review the language again.

1679
02:24:01.445 --> 02:24:04.058
<v Angelita Morillo>It should be in your inboxes right now just for easy access.

1680
02:24:05.147 --> 02:24:15.130
<v Angelita Morillo>And I would just like to hear if folks have any rationale for why they would be against having more information as the body that has the power of the purse on this.

1681
02:24:15.724 --> 02:24:18.335
<v Jamie Dunphy>And Councilor, are you moving this or just is this for the purpose of the discussion?

1682
02:24:19.729 --> 02:24:20.338
<v Angelita Morillo>I will move it.

1683
02:24:22.370 --> 02:24:22.676
<v Candace Avalos>Second.

1684
02:24:23.358 --> 02:24:23.746
<v Angelita Morillo>Thank you.

1685
02:24:24.200 --> 02:24:25.204
<v Jamie Dunphy>Okay, colleagues.

1686
02:24:26.192 --> 02:24:27.716
<v Elana Pirtle-Guiney>Point of information, Council President.

1687
02:24:27.844 --> 02:24:28.574
<v Jamie Dunphy>Councilor Pirtle-Guiney.

1688
02:24:29.043 --> 02:24:39.884
<v Elana Pirtle-Guiney>Can a previously failed amendment be reintroduced as is by somebody who voted for it?

1689
02:24:40.063 --> 02:24:56.881
<v Elana Pirtle-Guiney>I thought previously failed amendments could only be reintroduced by somebody who voted in the Who voted in the prevailing, and therefore a tweaked language of this might be able to be introduced under a different number, but this cannot be reintroduced as is.

1690
02:24:57.385 --> 02:24:58.750
<v Jamie Dunphy>That was my understanding as well.

1691
02:25:01.040 --> 02:25:10.064
<v Jamie Dunphy>Recognizing that we are going to be introducing some more amendments before we get to the technical one, I'm going to go ahead and give us a 10-minute break right now, and we will plan on having another break after the technical amendment is back.

1692
02:25:10.210 --> 02:25:14.608
<v Jamie Dunphy>But we will figure out that— answer that question and give everybody a human break.

1693
02:25:14.709 --> 02:25:17.015
<v Jamie Dunphy>We'll be back at 12 o'clock, please.

1694
02:40:04.569 --> 02:40:08.493
<v Sameer Kanal>Thank you.

1695
02:40:08.701 --> 02:40:11.042
<v Jamie Dunphy>And we are back.

1696
02:40:11.220 --> 02:40:12.787
<v Jamie Dunphy>Thank you all very much, folks.

1697
02:40:13.790 --> 02:40:16.995
<v Jamie Dunphy>Councilor Murillo.

1698
02:40:18.149 --> 02:40:19.679
<v Angelita Morillo>Settle down, everybody.

1699
02:40:20.378 --> 02:40:21.959
<v Angelita Morillo>Okay, um, thank you, Council President.

1700
02:40:22.109 --> 02:40:24.461
<v Angelita Morillo>Uh, I wanted to clarify, so Yes.

1701
02:40:24.718 --> 02:40:32.130
<v Angelita Morillo>I think some of our colleagues are still coming back, but I will be dropping the original introduction of the original Morillo 1.

1702
02:40:32.564 --> 02:40:43.313
<v Angelita Morillo>And instead, you should have in your inboxes right now something from Susie from my office, Morillo Canal Amendment to this ordinance.

1703
02:40:43.458 --> 02:40:58.780
<v Angelita Morillo>And it changes it to, instead of 30 days, having a report 30 days before council has to make a vote on it, 15 days, because we heard from the administration that having the standardized 2 weeks deadline would be a better option and would be more feasible.

1704
02:41:00.906 --> 02:41:02.442
<v Angelita Morillo>And if I could get a second for that, I would like—.

1705
02:41:03.252 --> 02:41:07.006
<v Jamie Dunphy>Councilor Murillo moves— what are we calling this?

1706
02:41:07.072 --> 02:41:08.398
<v Jamie Dunphy>Murillo 3?

1707
02:41:08.868 --> 02:41:09.127
<v Jamie Dunphy>2?

1708
02:41:09.806 --> 02:41:11.641
<v Angelita Morillo>It's Murillo-Kanal, I think, 1.

1709
02:41:11.898 --> 02:41:15.554
<v Jamie Dunphy>Yeah, Murillo-Kanal 1, and Councilor Avalos seconds.

1710
02:41:16.102 --> 02:41:17.406
<v Jamie Dunphy>Colleagues, discussion of the amendment?

1711
02:41:17.470 --> 02:41:19.129
<v Jamie Dunphy>Councilor Kanal is not here.

1712
02:41:19.239 --> 02:41:19.575
<v Jamie Dunphy>So seconded.

1713
02:41:19.832 --> 02:41:20.361
<v Jamie Dunphy>Councilor Smith.

1714
02:41:21.754 --> 02:41:22.268
<v Loretta Smith>Thank you.

1715
02:41:23.182 --> 02:41:31.498
<v Loretta Smith>Is this to give a mandatory 30-day, um, that they have to give us something 30 days before they give it to the Blazers?

1716
02:41:31.771 --> 02:41:34.382
<v Jamie Dunphy>15 Days for us, for our consideration.

1717
02:41:34.832 --> 02:41:36.113
<v Angelita Morillo>I'm happy to re-explain it.

1718
02:41:36.898 --> 02:41:55.134
<v Angelita Morillo>So, um, what this is asking is for the, the Chief Financial Officer and the City Administrator to give us a report 15 days before council has to make a decision, because they said 15 days was more feasible than 30 days, on the financial aspects of anything we will be voting on.

1719
02:41:55.710 --> 02:41:59.043
<v Angelita Morillo>And that is going to be an opportunity cost analysis.

1720
02:41:59.429 --> 02:42:09.475
<v Angelita Morillo>So for example, if they say, okay, we're going to be able to fund the arena changes with a bond, we would be able to see what the cost could be to SIP moving forward since that's also funded with bonds.

1721
02:42:09.971 --> 02:42:17.838
<v Angelita Morillo>Or if we're going to take money from the Portland Clean Energy Fund, we're going to see which programs and things are going to be defunded in order to fund this instead.

1722
02:42:19.283 --> 02:42:25.325
<v Angelita Morillo>So just having more clarity for ourselves and for the public what the opportunity costs are of every decision.

1723
02:42:25.502 --> 02:42:26.611
<v Angelita Morillo>It doesn't limit our decision.

1724
02:42:26.804 --> 02:42:31.242
<v Angelita Morillo>It is simply more information for us to make a vote before we have to take it.

1725
02:42:33.641 --> 02:42:46.291
<v Loretta Smith>One of the concerns or challenges to this In the way that it's written is when I've seen folks, they go up to the, to the last minute and they're not able to tell you what they're going to do.

1726
02:42:46.372 --> 02:42:56.609
<v Loretta Smith>So I think that this could be problematic, and, um, it's putting too stringent of guardrails to give you information that they may not have.

1727
02:42:58.540 --> 02:43:02.002
<v Loretta Smith>So what happens if, if they don't have the information in 15 days?

1728
02:43:02.100 --> 02:43:02.949
<v Loretta Smith>What happens to them?

1729
02:43:03.013 --> 02:43:05.958
<v Loretta Smith>What's the What's the consequence?

1730
02:43:09.420 --> 02:43:12.816
<v Angelita Morillo>I think that we're just asking them to provide whatever information they have.

1731
02:43:12.994 --> 02:43:16.390
<v Angelita Morillo>There isn't a built-in consequence for our employees or something like that.

1732
02:43:17.494 --> 02:43:21.697
<v Angelita Morillo>But I think to say that we don't have any information to make this decision is also false.

1733
02:43:22.084 --> 02:43:26.368
<v Angelita Morillo>We know which programs in the Portland Clean Energy Fund, for example, are funded right now.

1734
02:43:26.838 --> 02:43:31.757
<v Angelita Morillo>So I'm just saying, say that the Moda Center is able to justify the renovations under PCEF.

1735
02:43:32.944 --> 02:43:37.486
<v Angelita Morillo>We still need to know which programs are going to be defunded in order to fund this new thing.

1736
02:43:38.095 --> 02:43:44.915
<v Angelita Morillo>So there will be trade-offs, but the council and the public deserves to be very clear about what those trade-offs are going to be.

1737
02:43:45.540 --> 02:43:47.899
<v Angelita Morillo>And we have been calling for public process.

1738
02:43:47.949 --> 02:43:54.382
<v Angelita Morillo>I mean, I think part of the frustration that the public— that we're witnessing from the public is that there is a lack of information for us and for them.

1739
02:43:55.409 --> 02:43:58.105
<v Loretta Smith>So you're assuming that there's going to be a defunding of something.

1740
02:43:58.282 --> 02:44:00.708
<v Loretta Smith>I think we have some debt that's going to be flying off.

1741
02:44:01.431 --> 02:44:05.159
<v Loretta Smith>I think we're going to have an increased, um, BLT.

1742
02:44:05.272 --> 02:44:08.905
<v Loretta Smith>I think we're going to have, um, we're going to have the PCF interest.

1743
02:44:08.986 --> 02:44:10.963
<v Loretta Smith>So there, there are a lot of avenues.

1744
02:44:11.156 --> 02:44:16.593
<v Loretta Smith>We don't necessarily have to cut anything to pay for this.

1745
02:44:19.010 --> 02:44:22.643
<v Angelita Morillo>Debt would be paid back by revenue that could be spent on other things.

1746
02:44:23.224 --> 02:44:29.800
<v Angelita Morillo>And I would say, uh, you know, Councilor Smith, If there isn't going to be a cost, then they can just explain that in the report.

1747
02:44:31.115 --> 02:44:31.355
<v Jamie Dunphy>Okay.

1748
02:44:32.735 --> 02:44:33.424
<v Jamie Dunphy>Thank you, Councilor Smith.

1749
02:44:33.777 --> 02:44:34.353
<v Jamie Dunphy>Councilor Novick.

1750
02:44:35.523 --> 02:44:36.502
<v Steve Novick>Thank you, Mr. President.

1751
02:44:37.448 --> 02:44:39.387
<v Steve Novick>Councilor Morillo, I'm with you on the PCF part.

1752
02:44:40.109 --> 02:44:52.163
<v Steve Novick>The problem I have with the general fund part is we know what the general fund is, and we can't ask the administration to predict how we, the council, might change the general fund based on anything that happens here.

1753
02:44:52.835 --> 02:44:59.681
<v Steve Novick>I mean, we know that the general fund goes to police, fire, and parks largely, and it's our decision as to what goes where.

1754
02:45:00.129 --> 02:45:05.965
<v Steve Novick>So I don't really think that the general fund part really adds anything that we don't know.

1755
02:45:06.718 --> 02:45:08.081
<v Steve Novick>The PSF thing, I totally agree.

1756
02:45:08.162 --> 02:45:11.688
<v Steve Novick>If the administration is going to propose using PSF funds, they should say where it comes from.

1757
02:45:12.875 --> 02:45:13.628
<v Angelita Morillo>May I respond?

1758
02:45:13.772 --> 02:45:14.781
<v Tiffany Koyama Lane>Absolutely.

1759
02:45:15.230 --> 02:45:17.971
<v Angelita Morillo>So thanks, I appreciate that question.

1760
02:45:20.253 --> 02:45:25.104
<v Angelita Morillo>It can contextualize the potential cuts within that 5-year framework.

1761
02:45:25.168 --> 02:45:29.893
<v Angelita Morillo>So I think that that's really important because we have a 5-year forecast for what things are going to look like.

1762
02:45:30.728 --> 02:45:42.650
<v Angelita Morillo>So each of the sources that we list in this, which is PSF, the general fund, debt capacity, business license tax forecasts and models for capacity, those are all things that we have.

1763
02:45:42.987 --> 02:45:44.514
<v Angelita Morillo>For the general fund, we have that 5-year forecast.

1764
02:45:44.563 --> 02:45:44.627
<v Dan Ryan>Okay.

1765
02:45:50.289 --> 02:45:52.934
<v Angelita Morillo>Sorry, I am getting a lot of messages right now at the same time.

1766
02:45:53.512 --> 02:46:03.615
<v Angelita Morillo>But whether this analysis is done before or after, we are getting— there is going to be a trade-off and we need to— to me, this is the bare minimum information that we need to decide what that trade-off is going to be.

1767
02:46:04.657 --> 02:46:19.433
<v Angelita Morillo>Because while we don't know exactly how councilors are going to vote on the budget overall, we do know that there are some things that are absolutely essential that can't be cut without thank you, councilor.

1768
02:46:21.281 --> 02:46:24.620
<v Jamie Dunphy>Thank you, Councilor Novick.

1769
02:46:24.701 --> 02:46:25.412
<v Jamie Dunphy>Councilor Pirtle-Guiney.

1770
02:46:27.092 --> 02:46:28.319
<v Elana Pirtle-Guiney>Thank you, Council President.

1771
02:46:28.707 --> 02:46:49.780
<v Elana Pirtle-Guiney>So Councilor Murillo, you're adding to this document, which is otherwise about our relationship with Rip City Management and the negotiations, this isn't about when we get the information.

1772
02:46:49.780 --> 02:46:50.780
<v Elana Pirtle-Guiney>I'll say it differently.

1773
02:46:50.780 --> 02:46:53.780
<v Elana Pirtle-Guiney>This isn't about when we get the information from Rip City Management and the Blazers.

1774
02:46:53.780 --> 02:46:57.709
<v Elana Pirtle-Guiney>This is about the relationship that the council has with the administration.

1775
02:46:59.139 --> 02:47:09.879
<v Angelita Morillo>No, this is about the financial options that we have to make a vote with Rip City Management because we need to decide what our funding options are going to be, and we need all of the information before we make that decision.

1776
02:47:09.879 --> 02:47:10.333
<v Olivia Clark>So this Yes.

1777
02:47:09.920 --> 02:47:10.079
<v Angelita Morillo>Is not about when we get the information.

1778
02:47:10.654 --> 02:47:35.220
<v Angelita Morillo>Obviously, the body delivering that will be our CFO, but there's a portion that says, be it further resolved that the city— the Portland City Council directs the city administration to work with Rip City Management, the Trail Blazers, and the State of Oregon and the arena joint authority to develop a formative definitive document and amendments to the existing agreements as necessitated by the terms contained in Exhibit A.

1779
02:47:35.775 --> 02:47:39.655
<v Angelita Morillo>So we are directing them to do this in conjunction with them.

1780
02:47:43.980 --> 02:48:00.725
<v Elana Pirtle-Guiney>Tell me where that is, because what I'm looking at is something that says, be it further resolved that at least 15 days before council votes, um, on various instruments, the city administrator and chief financial officer shall prepare a report for council.

1781
02:48:03.702 --> 02:48:10.103
<v Elana Pirtle-Guiney>I guess my concern here, colleagues, is that we're putting together a term sheet for how we work with the Blazers.

1782
02:48:10.939 --> 02:48:11.147
<v Angelita Morillo>I was—.

1783
02:48:11.243 --> 02:48:16.040
<v Elana Pirtle-Guiney>I absolutely agree that we need to have a clear public process.

1784
02:48:16.472 --> 02:48:21.799
<v Elana Pirtle-Guiney>That's what I think we did in our work sessions and what we do when we're up here.

1785
02:48:22.408 --> 02:48:31.314
<v Elana Pirtle-Guiney>I absolutely agree, and I'll look to the city administrator as I say this, That we need information about funding options in time to make decisions.

1786
02:48:31.896 --> 02:48:34.628
<v Elana Pirtle-Guiney>And we need more than just this is the only option.

1787
02:48:35.307 --> 02:48:38.230
<v Elana Pirtle-Guiney>We need to be able to understand what the trade-offs for various options are.

1788
02:48:38.296 --> 02:48:39.764
<v Elana Pirtle-Guiney>That conversation needs to be had.

1789
02:48:39.990 --> 02:48:42.930
<v Elana Pirtle-Guiney>It needs to be had not just in an executive session, but up here as well.

1790
02:48:45.762 --> 02:48:48.509
<v Jamie Dunphy>But I am—.

1791
02:48:48.814 --> 02:48:51.577
<v Elana Pirtle-Guiney>I've had a few principles going into this work.

1792
02:48:52.268 --> 02:49:00.641
<v Elana Pirtle-Guiney>And one of them is that I don't want things in the term sheet that aren't about our negotiation directly with the Blazers.

1793
02:49:00.738 --> 02:49:10.724
<v Elana Pirtle-Guiney>And in fact, there have been things that I've said on this dais in our work sessions I thought were inappropriate for the term sheet because they were about how we did our own internal work.

1794
02:49:11.180 --> 02:49:17.718
<v Elana Pirtle-Guiney>And I worry that this moves us back in the direction of airing our own distrust with each other.

1795
02:49:19.726 --> 02:49:20.497
<v Elana Pirtle-Guiney>I want these things.

1796
02:49:20.771 --> 02:49:24.152
<v Elana Pirtle-Guiney>I want to say on the record right now, I want these things.

1797
02:49:24.536 --> 02:49:27.069
<v Elana Pirtle-Guiney>The public must have these things.

1798
02:49:28.305 --> 02:49:30.823
<v Elana Pirtle-Guiney>But I don't think we should be putting it in this document.

1799
02:49:30.870 --> 02:49:41.039
<v Elana Pirtle-Guiney>I think we should be saying, Mr. City Administrator, to you, Mr. Mayor, to you, DCA Oliveira, to you, this is how council needs us to do business.

1800
02:49:41.215 --> 02:49:52.927
<v Elana Pirtle-Guiney>And if we're going to meet that December deadline, Mr. Council President, please make sure we're scheduling things early enough that we can get this information and we're not right up to the deadline.

1801
02:49:54.132 --> 02:49:54.469
<v Elana Pirtle-Guiney>Thank you.

1802
02:49:54.629 --> 02:49:55.513
<v Angelita Morillo>May I direct respond?

1803
02:49:55.657 --> 02:49:55.995
<v Jamie Dunphy>Absolutely.

1804
02:49:56.718 --> 02:50:00.040
<v Angelita Morillo>So for clarity, Councilor, I was reading the resolution.

1805
02:50:00.314 --> 02:50:01.084
<v Angelita Morillo>That's where it is.

1806
02:50:01.840 --> 02:50:13.576
<v Angelita Morillo>So in the resolution it says, be it further resolved that the city, the Portland City Council will consider formal definitive documents and amendments to existing agreements as contemplated by the terms contained in Exhibit A no later than December 31st.

1807
02:50:14.754 --> 02:50:16.656
<v Angelita Morillo>We are not modifying the term sheet here.

1808
02:50:16.784 --> 02:50:18.284
<v Angelita Morillo>We are modifying the resolution.

1809
02:50:18.945 --> 02:50:22.621
<v Angelita Morillo>And we are already dictating the process for council in the resolution.

1810
02:50:23.403 --> 02:50:26.585
<v Angelita Morillo>So I read you the passage from our resolution that does that.

1811
02:50:27.020 --> 02:50:32.262
<v Angelita Morillo>And there is another be it further resolved that the Portland City Council will consider all of those things, right?

1812
02:50:32.326 --> 02:50:41.148
<v Angelita Morillo>So again, this is, in my opinion, the bare minimum that is required for transparency from yes.

1813
02:50:41.533 --> 02:50:49.391
<v Angelita Morillo>For us as a council to make this decision and for the public, we are adding to the process the consideration of these definitive documents.

1814
02:50:50.578 --> 02:51:00.843
<v Angelita Morillo>And there is limited funding to go around, whether it's going to be bonds, PSF, general fund, maybe we'll magically come up with some new city fee or tax.

1815
02:51:02.046 --> 02:51:05.477
<v Angelita Morillo>God willing, not another fee or tax on regular people who can't afford it.

1816
02:51:06.551 --> 02:51:13.344
<v Angelita Morillo>The money has to come from somewhere, and our amendment adds to the process for how and when we are going to consider those documents.

1817
02:51:13.906 --> 02:51:24.847
<v Angelita Morillo>Because I'll remind you that without a clear outline for these things, we have sat in negotiating rooms for 3 hours and then had a term sheet released against our will immediately after that we were not informed about.

1818
02:51:25.297 --> 02:51:30.952
<v Angelita Morillo>So if we don't explicitly lay out our demands for a process, that may or may not happen.

1819
02:51:31.690 --> 02:51:35.694
<v Angelita Morillo>And there has to be some sort of requirement that the administration get us documents in a timely manner.

1820
02:51:35.759 --> 02:51:36.078
<v Olivia Clark>Councilwoman Smith.

1821
02:51:36.450 --> 02:51:41.918
<v Angelita Morillo>Because I am very certain that if we don't have this in here, they're going to push it up to the line.

1822
02:51:42.256 --> 02:51:46.347
<v Angelita Morillo>And then the, the way that this is always done is through a false sense of urgency.

1823
02:51:47.516 --> 02:51:53.086
<v Angelita Morillo>We will not have the time to consider anything else because it will be pushed up against that line.

1824
02:51:56.190 --> 02:51:57.048
<v Jamie Dunphy>Thank you, Councilor Pirtle-Guiney.

1825
02:51:57.145 --> 02:51:57.856
<v Jamie Dunphy>Councilor Kanal.

1826
02:51:58.924 --> 02:51:59.280
<v Sameer Kanal>Thank you.

1827
02:51:59.992 --> 02:52:07.793
<v Sameer Kanal>Yeah, I think Councilor Morillo speaks everything that she said I would probably have just said, but I won't repeat it in the interest of time.

1828
02:52:07.843 --> 02:52:19.349
<v Sameer Kanal>I think that it's not a secret that there is distrust between the parts of this government at times, sometimes all the time.

1829
02:52:19.606 --> 02:52:20.399
<v Sameer Kanal>Yeah.

1830
02:52:20.480 --> 02:52:28.322
<v Sameer Kanal>I think that's not going to become a known or unknown thing based off of whether or not this is included in the resolution or not.

1831
02:52:28.888 --> 02:52:32.913
<v Sameer Kanal>Resolution does also have several other things about the process that will follow.

1832
02:52:33.430 --> 02:52:35.217
<v Sameer Kanal>I think if this was being put into the term sheet, that would be different.

1833
02:52:38.067 --> 02:52:47.270
<v Sameer Kanal>But given that it comes in, by the way, 15 days with a Tuesday filing deadline and a Wednesday council meeting for an ordinance is the filing deadline.

1834
02:52:47.718 --> 02:52:54.207
<v Sameer Kanal>So we're not asking for any additional time, any additional time for this information beyond what would normally be done.

1835
02:52:54.769 --> 02:52:59.073
<v Sameer Kanal>We're just protecting against exactly what Councilor Murillo just brought up, which is the last-second piece.

1836
02:53:00.453 --> 02:53:05.962
<v Sameer Kanal>And it's also, I think, making it clear to the public that our expectation is to have enough information in time.

1837
02:53:06.011 --> 02:53:06.138
<v Sameer Kanal>Thank you.

1838
02:53:06.908 --> 02:53:14.480
<v Sameer Kanal>To make serious decisions about serious matters like whether or not to use restricted funding sources on this.

1839
02:53:15.395 --> 02:53:32.575
<v Sameer Kanal>But I think we— I think this is just a relatively low-level conversation that way that's bringing in a bigger, higher-level, 30,000-foot view of whether or not we should be legislating for things or simply asking for things verbally, sometimes in public, sometimes not.

1840
02:53:32.639 --> 02:53:33.104
<v Sameer Kanal>I think that's a good point.

1841
02:53:33.907 --> 02:53:38.595
<v Sameer Kanal>I subscribe to the belief that the City Council is a legislative body, not an advisory board to the mayor.

1842
02:53:39.061 --> 02:53:47.700
<v Sameer Kanal>And I think the question is a vote for, for a concept of where we just ask for things verbally, to me, sends the message that we are just an advisory board.

1843
02:53:48.936 --> 02:53:49.788
<v Sameer Kanal>I love advisory boards.

1844
02:53:49.835 --> 02:53:52.244
<v Sameer Kanal>I worked with them for years before I ran for council.

1845
02:53:52.308 --> 02:53:52.854
<v Sameer Kanal>They're great.

1846
02:53:52.934 --> 02:53:53.721
<v Sameer Kanal>That's not what this is.

1847
02:53:53.770 --> 02:53:55.310
<v Sameer Kanal>It's not what the voters chose to create.

1848
02:53:55.986 --> 02:53:56.274
<v Sameer Kanal>Thanks.

1849
02:53:57.045 --> 02:53:57.896
<v Jamie Dunphy>Thank you, Councilor Knoll.

1850
02:53:58.088 --> 02:53:58.539
<v Jamie Dunphy>Councilor Green.

1851
02:54:01.349 --> 02:54:02.820
<v Mitch Green>Thank you, Mr. President.

1852
02:54:02.983 --> 02:54:05.361
<v Mitch Green>Thank you, Councilor Morillo, for bringing this back again.

1853
02:54:07.059 --> 02:54:22.478
<v Mitch Green>I want to just reiterate what I see when I read the resolution that came into my inbox, that it is a directive in the resolution for how we expect the city administrator to move as part of this process.

1854
02:54:22.528 --> 02:54:23.663
<v Mitch Green>There's a lot of directives in there.

1855
02:54:23.744 --> 02:54:24.165
<v Mitch Green>Councilor Dan Ryan.

1856
02:54:26.426 --> 02:54:38.203
<v Mitch Green>This is an expectation to say, okay, if we adopt a term sheet, go forth and do great things, negotiate on our behalf based upon the parameters in the term sheet, but here are also our expectations along the way.

1857
02:54:38.686 --> 02:54:43.290
<v Mitch Green>And there's actually— that document is constituted by those directives.

1858
02:54:43.903 --> 02:54:45.325
<v Mitch Green>So this is just another one of them.

1859
02:54:48.189 --> 02:54:50.727
<v Mitch Green>I guess I'm a little confused why anyone would not want this in there.

1860
02:54:50.808 --> 02:54:51.247
<v Mitch Green>I think it's a good thing.

1861
02:54:51.694 --> 02:55:17.654
<v Mitch Green>Because I think even if all of us voted together every single time on every vote and none of us ever had any kind of a spat and we all were kind of unanimous consensus-making people, we have an obligation to legislate and to put sort of basic sort of oversight controls in the actions that we pass.

1862
02:55:20.388 --> 02:55:23.602
<v Mitch Green>And so it's not really about trust at all, actually.

1863
02:55:23.876 --> 02:55:26.524
<v Mitch Green>It's about making sure— actually, well, it is about— it's about public trust.

1864
02:55:26.945 --> 02:55:27.626
<v Mitch Green>It's about public trust.

1865
02:55:27.691 --> 02:55:43.788
<v Mitch Green>And so if we are going to be presented with definitive documents which are binding in December, that will be a 20-year commitment of cost and benefit relationships which are still unknown, then— I think that's a good point.

1866
02:55:44.953 --> 02:55:51.745
<v Mitch Green>We are setting our city on a path for 20 years that validates the choice that we make in December.

1867
02:55:52.565 --> 02:56:03.772
<v Mitch Green>And if we don't have the basic level of due diligence and the ability to understand what our trade-offs are, because there's no such thing as a free lunch, there is no free money here at all.

1868
02:56:04.542 --> 02:56:08.942
<v Mitch Green>Like when we say things like, oh, debt's gonna roll off, we can get— that's still an opportunity cost.

1869
02:56:09.039 --> 02:56:09.086
<v Loretta Smith>Yeah.

1870
02:56:09.825 --> 02:56:14.459
<v Mitch Green>Like, we've talked ad nauseam about our credit rating in this body.

1871
02:56:15.197 --> 02:56:22.236
<v Mitch Green>You can't just willy-nilly issue new debt just because some credit rolls off without it having some consequence on your credit rating.

1872
02:56:22.654 --> 02:56:31.745
<v Mitch Green>And you can't just sort of— we received a memo from the CFO on the nature and timing of the BLT revenue that we might receive from the sale of the Trail Blazers.

1873
02:56:31.808 --> 02:56:32.290
<v Mitch Green>And guess what?

1874
02:56:32.387 --> 02:56:33.269
<v Mitch Green>It's highly uncertain.

1875
02:56:33.894 --> 02:56:37.148
<v Mitch Green>The level of how much we should expect to get and when the timing is, it's uncertain.

1876
02:56:37.212 --> 02:56:37.325
<v Tiffany Koyama Lane>Thank you.

1877
02:56:37.743 --> 02:56:39.381
<v Mitch Green>And then there's the matter of the PSF.

1878
02:56:39.430 --> 02:56:42.370
<v Mitch Green>So at this point, we have to assume that there is no money.

1879
02:56:43.608 --> 02:56:52.381
<v Mitch Green>And so the only money for this is going to be issued by debt or kind of come at the expense of some other future goals and policies that we have.

1880
02:56:52.445 --> 02:57:02.986
<v Mitch Green>We have 5-year plans for capital formation in the City of Portland, and we're trying to adopt a financial sustainability workgroup that sets us up on a forward-looking path to— To pay for it.

1881
02:57:03.549 --> 02:57:10.477
<v Mitch Green>Some level of stability that's rooted in our strategic priorities that we've tried to discuss as a body.

1882
02:57:11.069 --> 02:57:28.774
<v Mitch Green>And so if we don't get a document 15 days before definitive doc— if we don't get that report 15 days before the definitive documents that say, here's what we know right now, if we made this assumption, here's what the impact would be over the next few years on the general fund, then— I think that's a fair point.

1883
02:57:29.209 --> 02:57:33.656
<v Mitch Green>I don't know how voters would have any faith in our ability to legislate, frankly.

1884
02:57:34.234 --> 02:57:36.306
<v Mitch Green>And so maybe we'll do that based on trust.

1885
02:57:37.380 --> 02:57:48.027
<v Mitch Green>But I mean, this is the most— this is the richest public stadium deal in the history of stadium deals for a market our size.

1886
02:57:48.637 --> 02:57:48.861
<v Mitch Green>Okay?

1887
02:57:50.290 --> 02:57:51.286
<v Mitch Green>So just need to note that.

1888
02:57:51.992 --> 02:57:54.400
<v Mitch Green>I don't know why we can't get 12 votes on this.

1889
02:57:54.449 --> 02:57:54.545
<v Unidentified speaker>Thank you.

1890
02:57:55.870 --> 02:58:01.489
<v Jamie Dunphy>Thank you.

1891
02:58:01.489 --> 02:58:06.709
<v Tiffany Koyama Lane>To this amendment, I actually really appreciate the conversation that we're having here around this.

1892
02:58:08.010 --> 02:58:10.950
<v Tiffany Koyama Lane>Honestly, I hear Councilor Pirtle-Guiney's concerns.

1893
02:58:10.950 --> 02:58:19.569
<v Tiffany Koyama Lane>We've had a lot of conversations around governance, how we'd love to see an ideal relationship between the different branches of government.

1894
02:58:19.850 --> 02:58:22.569
<v Tiffany Koyama Lane>I hear what she is saying, that ideally, we would like to have a single source of truth.

1895
02:58:23.064 --> 02:58:25.682
<v Tiffany Koyama Lane>We wouldn't have to put this in writing.

1896
02:58:26.115 --> 02:58:39.254
<v Tiffany Koyama Lane>And I will say, when we are— when we get to talking about the underlying, I do plan to ask on the dais the same thing that I asked for last time, which is to see what we're going to be asked to be voting on at least 30 days in advance, that we see it and that the public sees it.

1897
02:58:39.608 --> 02:58:43.542
<v Tiffany Koyama Lane>Last time, last week, I heard Council President say that is very reasonable.

1898
02:58:44.185 --> 02:58:50.172
<v Tiffany Koyama Lane>But the truth is also, I can ask and It is also important to get something in writing.

1899
02:58:50.283 --> 02:58:58.745
<v Tiffany Koyama Lane>And I would say while it is ideal that we can ask and tell our constituents we've asked for this and we really think it's going to happen, it is also true what Councilor Green said.

1900
02:58:59.001 --> 02:59:06.595
<v Tiffany Koyama Lane>There is low public trust around this topic for a lot of different reasons that have to do also with outside of the city and other deals that have happened.

1901
02:59:07.093 --> 02:59:14.463
<v Tiffany Koyama Lane>And access to information has not been something that public— the public has felt like they've had when this passed at the state.

1902
02:59:14.864 --> 02:59:22.094
<v Tiffany Koyama Lane>And So I see this as a chance to get some of that public trust.

1903
02:59:22.191 --> 02:59:24.650
<v Tiffany Koyama Lane>I think there's an opportunity to get some of it.

1904
02:59:24.843 --> 02:59:27.066
<v Tiffany Koyama Lane>We should take that option.

1905
02:59:27.502 --> 02:59:29.837
<v Tiffany Koyama Lane>This is going to be a big public investment.

1906
02:59:29.902 --> 02:59:45.193
<v Tiffany Koyama Lane>I think sometimes around negotiations it can feel like, let's— folks can feel nervous to give some more access to information, but honestly it can help explain things, help us explain things, and it can help even bring some community members along so there's not just a void.

1907
02:59:45.259 --> 02:59:45.371
<v Angelita Morillo>Thank you.

1908
02:59:46.422 --> 02:59:48.798
<v Tiffany Koyama Lane>That people will fill if they don't know the information.

1909
02:59:48.909 --> 02:59:51.397
<v Tiffany Koyama Lane>So I do plan to vote yes on this.

1910
02:59:51.461 --> 02:59:54.703
<v Tiffany Koyama Lane>I think it's a chance to build in some of that public trust.

1911
02:59:54.783 --> 02:59:57.208
<v Tiffany Koyama Lane>I'm not sure exactly what we lose by putting it in there.

1912
02:59:57.800 --> 03:00:04.253
<v Tiffany Koyama Lane>The goal ideally is that we can just talk about these things and folks will believe it's going to happen.

1913
03:00:04.317 --> 03:00:16.270
<v Tiffany Koyama Lane>But I think it's important for this term sheet and for Portlanders to see us showing that we're willing to Thank you, Councilor Koyama Lane.

1914
03:00:16.382 --> 03:00:16.915
<v Jamie Dunphy>Councilor Smith.

1915
03:00:19.838 --> 03:00:22.050
<v Jamie Dunphy>Thanks, colleagues.

1916
03:00:22.100 --> 03:00:23.020
<v Jamie Dunphy>I put myself in the queue here.

1917
03:00:23.165 --> 03:00:30.810
<v Jamie Dunphy>I would just like to— with regard to process, I would just like to say that broadly, as council president, it is my intention to never blindside anybody.

1918
03:00:31.717 --> 03:00:37.237
<v Jamie Dunphy>And I have been working with the administration on tightening our filing deadlines and the clerk's office regardless.

1919
03:00:38.131 --> 03:00:44.397
<v Jamie Dunphy>My intention is to move us as a city towards a 2-week advanced filing notification for council.

1920
03:00:44.524 --> 03:00:51.399
<v Jamie Dunphy>I've heard over and over again in 1,000 different conversations that this council wants more information earlier so that they can be responsive.

1921
03:00:51.736 --> 03:00:53.643
<v Jamie Dunphy>And that is the direction I am intending to go then.

1922
03:00:54.236 --> 03:00:58.497
<v Jamie Dunphy>To that end, that aligns with largely what I'm reading in this document.

1923
03:00:58.561 --> 03:01:08.497
<v Jamie Dunphy>It means that in order to make it by the end of our calendar year, our final calendar— our final Council meeting, which is currently scheduled for December 17th.

1924
03:01:08.995 --> 03:01:11.463
<v Jamie Dunphy>This item would need to be filed by December 1st.

1925
03:01:12.264 --> 03:01:22.299
<v Jamie Dunphy>I will also note for my colleagues and for the public, we have an intention of hosting a public work session scheduled currently for October 14th on this issue.

1926
03:01:22.908 --> 03:01:28.647
<v Jamie Dunphy>Additionally, we— the City Council will be having some further executive sessions on this throughout the next 4 months.

1927
03:01:28.695 --> 03:01:31.388
<v Jamie Dunphy>And so we will have more opportunities to improve information.

1928
03:01:31.452 --> 03:01:31.565
<v Keelan McClymont>Thank you.

1929
03:01:32.207 --> 03:01:40.766
<v Jamie Dunphy>And lastly, I will say that the city has recently revamped our Moda Center website, and we will be sharing out information on there periodically through the process.

1930
03:01:40.862 --> 03:01:48.075
<v Jamie Dunphy>So it is my hope that we will continue to keep both the community and the council brought along as these negotiations are happening.

1931
03:01:48.236 --> 03:01:56.332
<v Jamie Dunphy>Obviously, things change dramatically in real time, but that it is my intention of moving us towards a 2-week filing deadline anyway.

1932
03:01:56.492 --> 03:01:57.934
<v Jamie Dunphy>And so I— this aligns with that.

1933
03:01:58.031 --> 03:01:58.158
<v Olivia Clark>Thank you.

1934
03:01:58.538 --> 03:01:59.930
<v Jamie Dunphy>Thematically with that for me.

1935
03:02:00.415 --> 03:02:03.833
<v Jamie Dunphy>So Councilor Morillo, last word.

1936
03:02:04.852 --> 03:02:05.808
<v Angelita Morillo>Thank you, Council President.

1937
03:02:08.459 --> 03:02:23.795
<v Angelita Morillo>Colleagues, what we have before us is a generational decision that is going to impact not just the Moda Center, but what we can do with the Keller, with PSU, with land decisions around who owns the surrounding land of the Moda Center and who gets those development rights.

1938
03:02:24.789 --> 03:02:36.046
<v Angelita Morillo>And it is sort of absurd to me that we can't even begin to ask our team at the city to grapple with the potential for opportunity costs.

1939
03:02:36.592 --> 03:02:38.263
<v Angelita Morillo>This is very standard budgeting.

1940
03:02:39.323 --> 03:02:50.885
<v Angelita Morillo>We can't qualify risk and uncertainty without information, and to make a decision without that, without 2 weeks in advance, which is not very long at all, Yes.

1941
03:02:51.843 --> 03:02:57.190
<v Angelita Morillo>Means that we are abdicating our responsibility to interrogate the financial aspects of this deal.

1942
03:02:58.980 --> 03:03:02.307
<v Angelita Morillo>It also does not require an ordinance for us to get a report.

1943
03:03:02.388 --> 03:03:03.469
<v Angelita Morillo>It could be a work session.

1944
03:03:03.745 --> 03:03:09.065
<v Angelita Morillo>So there's no need to make it unnecessarily delayed or to have an additional timeline to file something.

1945
03:03:09.585 --> 03:03:13.852
<v Angelita Morillo>This is information that we can receive in a report in a different manner in a work session.

1946
03:03:15.801 --> 03:03:18.981
<v Angelita Morillo>So colleagues, for the sake of having transparency, I think that's a good point.

1947
03:03:19.262 --> 03:03:24.358
<v Angelita Morillo>So that we can trust the negotiation and so that the public can trust what we are doing.

1948
03:03:25.335 --> 03:03:37.596
<v Angelita Morillo>If we actually want to get to 12 yeses in December, we need the public to see what this is so that they can have actual input and agree with us and bring them along in that process.

1949
03:03:38.174 --> 03:03:41.236
<v Angelita Morillo>If we don't, then we will lose the public trust.

1950
03:03:41.299 --> 03:03:47.774
<v Angelita Morillo>You will lose council's trust, and we are going to make a generational decision for this city.

1951
03:03:47.823 --> 03:03:48.078
<v Elana Pirtle-Guiney>Councilor Smith.

1952
03:03:48.673 --> 03:03:50.084
<v Angelita Morillo>Without the proper information.

1953
03:03:51.304 --> 03:04:03.141
<v Angelita Morillo>And I'm sort of exhausted being a legislator up here and constantly being told, you'll get the information later before you make the decision, but put this in writing now and then maybe later you'll get it.

1954
03:04:03.735 --> 03:04:09.045
<v Angelita Morillo>And then by the time we get there, they say, time's run out, you got to make this decision today or the entire city will collapse.

1955
03:04:09.926 --> 03:04:12.092
<v Angelita Morillo>That is the repeated pattern of this body.

1956
03:04:12.909 --> 03:04:15.588
<v Angelita Morillo>So this is the most basic, basic— Councilwoman, I'm sorry.

1957
03:04:15.951 --> 03:04:24.766
<v Angelita Morillo>Governance question that we are answering today with this amendment, and I really hope that you will vote yes, but I've seen how the votes have gone today, so I'm not holding my breath.

1958
03:04:25.266 --> 03:04:25.701
<v Angelita Morillo>Thanks.

1959
03:04:27.697 --> 03:04:28.906
<v Jamie Dunphy>Okay, Councilor— thank you, Councilor Murillo.

1960
03:04:29.986 --> 03:04:32.709
<v Jamie Dunphy>Seeing no one else in the queue, Keelan, can we please call the roll?

1961
03:04:34.770 --> 03:04:41.934
<v Keelan McClymont>Uh, on this motion to amend the resolution as shown in Murillo Canal 1, moved by Murillo, seconded by Koyama Lane.

1962
03:04:43.304 --> 03:04:43.352
<v Olivia Clark>Aye.

1963
03:04:44.772 --> 03:04:44.885
<v Olivia Clark>Aye.

1964
03:04:45.738 --> 03:04:45.980
<v Keelan McClymont>No.

1965
03:04:47.674 --> 03:04:47.899
<v Olivia Clark>No.

1966
03:04:48.868 --> 03:04:49.029
<v Olivia Clark>Aye.

1967
03:04:49.899 --> 03:04:50.076
<v Steve Novick>No.

1968
03:04:50.318 --> 03:04:55.204
<v Candace Avalos>Y'all, it's obviously aye.

1969
03:04:55.980 --> 03:04:56.352
<v Candace Avalos>Come on.

1970
03:04:59.131 --> 03:04:59.389
<v Loretta Smith>No.

1971
03:05:01.298 --> 03:05:02.306
<v Keelan McClymont>Nope, sorry, Kanal.

1972
03:05:02.680 --> 03:05:02.745
<v Candace Avalos>Aye.

1973
03:05:03.931 --> 03:05:04.012
<v Keelan McClymont>No.

1974
03:05:06.108 --> 03:05:06.661
<v Jamie Dunphy>No.

1975
03:05:07.083 --> 03:05:07.165
<v Keelan McClymont>No.

1976
03:05:08.829 --> 03:05:09.006
<v Jamie Dunphy>Aye.

1977
03:05:09.391 --> 03:05:12.909
<v Keelan McClymont>Uh, the amendment fails with a vote of 6 ayes and 6 nays.

1978
03:05:13.199 --> 03:05:16.539
<v Jamie Dunphy>Okay, colleagues, I would like to move the technical amendment.

1979
03:05:17.021 --> 03:05:25.051
<v Jamie Dunphy>This is, uh, bringing conforming language to our, uh, from our colleagues at the county, and I would request a second.

1980
03:05:26.513 --> 03:05:27.059
<v Candace Avalos>Second.

1981
03:05:27.219 --> 03:05:28.809
<v Jamie Dunphy>Thank you, Councilor Smith.

1982
03:05:29.405 --> 03:05:30.335
<v Jamie Dunphy>Colleagues, to the amendment.

1983
03:05:30.931 --> 03:05:31.620
<v Jamie Dunphy>Councilor Zimmerman.

1984
03:05:32.215 --> 03:05:33.725
<v Jamie Dunphy>Okay.

1985
03:05:35.690 --> 03:05:37.041
<v Jamie Dunphy>Is there any further discussion?

1986
03:05:39.290 --> 03:05:41.122
<v Jamie Dunphy>Keelan, could we please call the roll on the technical amendment?

1987
03:05:42.583 --> 03:05:44.167
<v Keelan McClymont>Moved by Dunphy, seconded by Smith.

1988
03:05:44.345 --> 03:05:44.815
<v Keelan McClymont>Koyama Lane?

1989
03:05:45.236 --> 03:05:45.397
<v Tiffany Koyama Lane>Aye.

1990
03:05:45.898 --> 03:05:46.433
<v Keelan McClymont>Murillo?

1991
03:05:47.370 --> 03:05:49.150
<v Angelita Morillo>I'm sorry, which amendment are we looking at?

1992
03:05:49.216 --> 03:05:52.654
<v Jamie Dunphy>This is the, the technical, uh, conforming amendment.

1993
03:05:54.046 --> 03:05:55.038
<v Jamie Dunphy>Uh, I don't know what it's called.

1994
03:05:55.786 --> 03:05:57.396
<v Sameer Kanal>It just says proposed technical amendment.

1995
03:05:57.558 --> 03:05:58.614
<v Jamie Dunphy>It's listed as technical.

1996
03:05:58.762 --> 03:05:58.810
<v Angelita Morillo>Aye.

1997
03:05:59.495 --> 03:05:59.720
<v Angelita Morillo>Thank you.

1998
03:06:00.539 --> 03:06:00.876
<v Keelan McClymont>Novick.

1999
03:06:02.158 --> 03:06:02.191
<v Steve Novick>Aye.

2000
03:06:03.345 --> 03:06:03.683
<v Keelan McClymont>Clark.

2001
03:06:03.987 --> 03:06:04.036
<v Olivia Clark>Aye.

2002
03:06:04.629 --> 03:06:04.853
<v Keelan McClymont>Green.

2003
03:06:05.913 --> 03:06:06.088
<v Mitch Green>Aye.

2004
03:06:07.115 --> 03:06:07.501
<v Keelan McClymont>Zimmerman.

2005
03:06:08.398 --> 03:06:08.575
<v Eric Zimmerman>Aye.

2006
03:06:08.960 --> 03:06:09.425
<v Keelan McClymont>Avalos.

2007
03:06:09.763 --> 03:06:09.940
<v Candace Avalos>Aye.

2008
03:06:10.356 --> 03:06:10.709
<v Keelan McClymont>Smith.

2009
03:06:11.528 --> 03:06:11.575
<v Loretta Smith>Aye.

2010
03:06:12.281 --> 03:06:12.394
<v Keelan McClymont>Knoll.

2011
03:06:12.890 --> 03:06:12.939
<v Sameer Kanal>Aye.

2012
03:06:13.709 --> 03:06:14.158
<v Keelan McClymont>Bertolini.

2013
03:06:14.495 --> 03:06:14.543
<v Elana Pirtle-Guiney>Aye.

2014
03:06:15.217 --> 03:06:15.441
<v Keelan McClymont>Ryan.

2015
03:06:15.859 --> 03:06:15.906
<v Dan Ryan>Aye.

2016
03:06:16.596 --> 03:06:16.886
<v Keelan McClymont>Dunphy.

2017
03:06:17.302 --> 03:06:17.431
<v Jamie Dunphy>Aye.

2018
03:06:17.879 --> 03:06:19.772
<v Keelan McClymont>The amendment is approved with a vote of 12 ayes.

2019
03:06:20.110 --> 03:06:25.805
<v Jamie Dunphy>Colleagues, we're going to take a 15-minute recess and come back to have discussion of the underlying resolution and term sheet.

2020
03:06:26.372 --> 03:06:28.006
<v Jamie Dunphy>Please, everybody back here at 12:45.

2021
03:21:20.006 --> 03:21:21.480
<v Jamie Dunphy>I'm calling us back to order.

2022
03:21:22.177 --> 03:21:29.106
<v Jamie Dunphy>We are now debating the underlying amended resolution and term sheet.

2023
03:21:29.584 --> 03:21:37.453
<v Jamie Dunphy>Colleagues, feel free to get into the queue and, uh, let's have some discussion, some final discussion here.

2024
03:21:43.707 --> 03:21:49.105
<v Jamie Dunphy>Okay, Councilor Novick.

2025
03:21:50.334 --> 03:21:52.522
<v Steve Novick>Thank you, Mr. President.

2026
03:21:53.316 --> 03:21:58.167
<v Steve Novick>One thing I want to say is that I respect the arguments on all sides and the positions people have taken.

2027
03:21:58.962 --> 03:22:04.568
<v Steve Novick>I think that a number of the issues we've talked about, you can quite easily make a case for, you know, one position or another.

2028
03:22:05.422 --> 03:22:15.445
<v Steve Novick>As far as the economic impact of the Blazers leaving, you can look at all the economic studies that show that politicians routinely overestimate the economic value of sports franchises.

2029
03:22:17.287 --> 03:22:22.317
<v Steve Novick>And you can look at the fact that Seattle and Vancouver didn't collapse when the Supersonics or the Grizzlies left.

2030
03:22:23.046 --> 03:22:28.361
<v Steve Novick>You can also reasonably argue that in a city whose economy is largely— is unusually dependent on reputation, Yes.

2031
03:22:30.261 --> 03:22:37.316
<v Steve Novick>The reputational hit of losing our one big sport— one major league sports team would be very dangerous.

2032
03:22:38.343 --> 03:22:44.646
<v Steve Novick>I don't know the extent to which Portland's reputation depends on the Portland Trail Blazers, but I think, you know, I think that that's a reasonable argument.

2033
03:22:45.304 --> 03:22:50.484
<v Steve Novick>There also appear to be reasonable conflicting positions in whether the Blazers might actually leave.

2034
03:22:51.477 --> 03:23:15.975
<v Steve Novick>I've seen very cogent arguments that there's 12 places they could go tomorrow and others that there's problems with all 12 places and there's really nowhere they're what we do know is that if they did leave, there are actual human beings who will be working there who will lose work, like the IATSE 28 members.

2035
03:23:16.634 --> 03:23:26.132
<v Steve Novick>We also do know that the state has committed to putting up over $300 million to help renovate an arena that we own, and that opportunity might not come again.

2036
03:23:26.262 --> 03:23:26.859
<v Steve Novick>I think that's a good point.

2037
03:23:27.782 --> 03:23:34.850
<v Steve Novick>So I am willing to stretch to get to an agreement, but I'm only willing to stretch so far.

2038
03:23:35.458 --> 03:23:42.333
<v Steve Novick>And where I landed was I want us to be able to do— state legislators, I think, are in a good position.

2039
03:23:42.604 --> 03:23:47.668
<v Steve Novick>They can say we're only putting in the amount of money that we expect to get back from taxes on player salaries.

2040
03:23:48.453 --> 03:23:51.467
<v Steve Novick>So I wanted to put us in a comparable position.

2041
03:23:52.604 --> 03:23:56.843
<v Steve Novick>And with the amendments passed to the term sheet today, I think this does that.

2042
03:23:57.165 --> 03:23:59.280
<v Steve Novick>I mean, I'm making some generous assumptions.

2043
03:23:59.441 --> 03:24:06.906
<v Steve Novick>I'm assuming that we get $45 million in BLT revenue from the sale of the Blazers and that it's reasonable to plow that back in.

2044
03:24:08.709 --> 03:24:10.903
<v Steve Novick>Does that mean— that's the biggest assumption.

2045
03:24:12.209 --> 03:24:12.338
<v Candace Avalos>Yeah.

2046
03:24:12.403 --> 03:24:29.138
<v Steve Novick>But with that and with the payment in lieu and with the rent, we get to a point where We should be able to pay ourselves back for $175 million plus borrowing costs equaling $117 million over 20 years.

2047
03:24:30.115 --> 03:24:37.859
<v Steve Novick>I should also say that I— to me, this is a strong opening offer, but I have already signaled that I'd be willing to accept something that's arguably less.

2048
03:24:38.164 --> 03:24:44.977
<v Steve Novick>I mean, last week, my— I proposed an amendment counting charitable contributions the Blazers make as part of return to the city.

2049
03:24:45.024 --> 03:24:45.168
<v Loretta Smith>Thank you.

2050
03:24:45.602 --> 03:24:49.229
<v Steve Novick>Which obviously is different from return of tax revenues or rent or what have you.

2051
03:24:50.480 --> 03:24:57.237
<v Steve Novick>So having said that, if there's a proposal that comes back in December that uses that to some extent, I'm going to have to look at it.

2052
03:24:57.718 --> 03:25:06.272
<v Steve Novick>I've also said repeatedly publicly that I'd be willing to consider business license tax payments that the Blazers make on an annual basis as part of what we get back.

2053
03:25:06.771 --> 03:25:11.393
<v Steve Novick>We don't know what, if anything, you know, what, if any, amount that is, but I'd be willing—.

2054
03:25:11.393 --> 03:25:11.568
<v Jamie Dunphy>Thank you.

2055
03:25:11.763 --> 03:25:15.284
<v Steve Novick>In December to consider a proposal where that's factored into account.

2056
03:25:17.629 --> 03:25:20.256
<v Steve Novick>So I'm pleased where we are today.

2057
03:25:20.596 --> 03:25:21.845
<v Steve Novick>I'm going, going to vote yes.

2058
03:25:23.579 --> 03:25:26.881
<v Steve Novick>There's a couple of other things that I want to say.

2059
03:25:28.250 --> 03:25:37.609
<v Steve Novick>One is that based on what Mr. Hankins was saying a couple of weeks ago, you might get the impression that Portland is the weakest market, MBA market in the country.

2060
03:25:38.787 --> 03:25:39.524
<v Steve Novick>That's not true.

2061
03:25:40.550 --> 03:25:50.745
<v Steve Novick>In 2024-25, the last year for which I've seen complete data, the Blazers were not in the top half of teams in revenue, but they made $361 million.

2062
03:25:51.852 --> 03:25:59.450
<v Steve Novick>That was more than the Thunder, the Bucks, the Kings, the Pacers, the Jazz, the Hornets, the Timberwolves, the Magic, the Grizzlies, or the Pelicans.

2063
03:26:00.380 --> 03:26:01.647
<v Steve Novick>I think that's something to keep in mind.

2064
03:26:02.930 --> 03:26:12.514
<v Steve Novick>And finally, to the extent that NBA officials or owners of the national sports media are listening, I have 2 words for them: Clint Capela.

2065
03:26:14.379 --> 03:26:20.105
<v Steve Novick>The amount that I'm asking for the city to get back over 20 years is about $6 million a year.

2066
03:26:21.189 --> 03:26:23.972
<v Steve Novick>That is less than the salary of Clint Capela of the Houston Rockets.

2067
03:26:24.768 --> 03:26:28.452
<v Steve Novick>Now, Clint Capela is— no disrespect, he's a good rebounder.

2068
03:26:28.502 --> 03:26:29.135
<v Steve Novick>He's a good rebounder.

2069
03:26:29.829 --> 03:26:32.117
<v Steve Novick>But he's 32 years old and he doesn't score.

2070
03:26:32.831 --> 03:26:34.987
<v Steve Novick>And I would ask you, what would you rather have?

2071
03:26:36.309 --> 03:26:43.612
<v Steve Novick>An established fan base and an arena newly renovated to a first-class standard, or Clint Capela?

2072
03:26:44.340 --> 03:26:44.583
<v Steve Novick>Thank you.

2073
03:26:47.412 --> 03:26:48.284
<v Jamie Dunphy>Thank you, Councilor Novick.

2074
03:26:48.543 --> 03:26:50.612
<v Jamie Dunphy>Councilor Morillo.

2075
03:26:53.254 --> 03:26:54.683
<v Angelita Morillo>Um, thank you, Council President.

2076
03:26:58.737 --> 03:27:05.847
<v Angelita Morillo>I am grateful for the changes that were made to this arena deal, to the term sheet as we are seeing it so far.

2077
03:27:06.522 --> 03:27:22.240
<v Angelita Morillo>And I want to really thank the public for pushing us on this, for coming to town halls, for giving us feedback, for asking tough questions, and for pushing your elected officials, some of which were actually responsive to that and asked more questions because of you.

2078
03:27:23.319 --> 03:27:32.227
<v Angelita Morillo>We would have a much worse term sheet to start our negotiations if it wasn't for your repeated, relentless input and feedback.

2079
03:27:33.551 --> 03:27:45.474
<v Angelita Morillo>And they want us to believe that this arena deal is going to be different and that this is going to be the first one ever that pays for itself and benefits a city.

2080
03:27:46.215 --> 03:27:52.938
<v Angelita Morillo>But we have 50 years of conclusive evidence from economists who are not known for being crazy leftists, okay?

2081
03:27:53.983 --> 03:27:55.959
<v Angelita Morillo>Showing that that never happens.

2082
03:27:56.393 --> 03:28:00.298
<v Angelita Morillo>But they keep telling us, don't worry about that, this one's gonna be different.

2083
03:28:00.586 --> 03:28:05.680
<v Angelita Morillo>It's like a crappy boyfriend that tells you he's gonna change, but never changes.

2084
03:28:06.274 --> 03:28:09.086
<v Angelita Morillo>That is what these deals are like for every city that takes them.

2085
03:28:10.130 --> 03:28:12.540
<v Angelita Morillo>This one is not going to be different.

2086
03:28:13.729 --> 03:28:24.717
<v Angelita Morillo>And in other words, They think that we as legislators are stupid, and perhaps we are, because for some reason we are relinquishing our ability to get information that we desperately need to make decisions.

2087
03:28:25.777 --> 03:28:28.476
<v Angelita Morillo>I'm afraid that today we are proving them right about that.

2088
03:28:29.150 --> 03:28:47.922
<v Angelita Morillo>I want everyone here to remember their vote when budget season rolls around and remember that the reason that we are going to make cuts to parks, cuts to public safety, cuts to homeless services, is because we gave away $400 million to a billionaire when we didn't have to.

2089
03:28:50.680 --> 03:29:07.674
<v Angelita Morillo>When we held our webinar, Councilor Green and I, with economists who are renowned for focusing on stadium deals specifically, by the way, who are not socialists, who are not even progressives, they told us that when these deals are voted on by the public, It's 50/50.

2090
03:29:08.620 --> 03:29:14.380
<v Angelita Morillo>When city councils make these decisions under pressure on a manufactured timeline, they always get it done.

2091
03:29:15.536 --> 03:29:20.189
<v Angelita Morillo>That's how the billionaires get their way, by removing public access and input.

2092
03:29:20.990 --> 03:29:34.041
<v Angelita Morillo>If this actually went to the ballot, I think this would fail because we have people who were shouting in here earlier and who may not have been the best with their decorum, But who were saying very real things.

2093
03:29:34.540 --> 03:29:35.747
<v Angelita Morillo>They can't pay for rent.

2094
03:29:35.989 --> 03:29:37.148
<v Angelita Morillo>They can't pay for food.

2095
03:29:37.470 --> 03:29:45.492
<v Angelita Morillo>A few of us up here are starting to knock doors for reelection, and I can tell you everything that I'm hearing on the doors is people can't afford their utilities.

2096
03:29:46.253 --> 03:29:48.584
<v Angelita Morillo>They can't— they are choosing between food and rent.

2097
03:29:50.444 --> 03:30:00.606
<v Angelita Morillo>The state legislature has money to allocate to this, but never to transit that's being cut, or to SNAP, or to school lunches, or to anything else that people need to survive.

2098
03:30:00.657 --> 03:30:01.061
<v Angelita Morillo>Councilmember Loretta Smith.

2099
03:30:01.738 --> 03:30:07.038
<v Angelita Morillo>And we laid off a ton of employees and we cut a bunch of core services and we are setting ourselves up to do that again.

2100
03:30:07.652 --> 03:30:17.238
<v Angelita Morillo>And we're not even giving ourselves the dignity of asking and receiving basic information before we do that to ourselves, to our constituents, to our employees.

2101
03:30:18.941 --> 03:30:22.993
<v Angelita Morillo>So I cannot in good conscience move this forward today.

2102
03:30:23.478 --> 03:30:25.780
<v Angelita Morillo>I appreciate that it is much better than it was before.

2103
03:30:26.935 --> 03:30:33.824
<v Angelita Morillo>And I also want to point out that we were largely chastised for taking the lead of the public and asking tough questions.

2104
03:30:34.818 --> 03:30:37.420
<v Angelita Morillo>And that is the only reason that this term sheet is better.

2105
03:30:38.207 --> 03:30:40.519
<v Angelita Morillo>So again, thank you to the community for showing up.

2106
03:30:40.984 --> 03:30:42.413
<v Angelita Morillo>Your efforts are not wasted.

2107
03:30:43.472 --> 03:30:47.165
<v Angelita Morillo>Every single effort and push that you did got us to a better term sheet.

2108
03:30:47.502 --> 03:30:53.088
<v Angelita Morillo>And I'm going to be continuing to push through December to make sure that we get as much information as possible.

2109
03:30:57.333 --> 03:31:01.525
<v Angelita Morillo>Thank you, Councilor Morillo.

2110
03:31:02.448 --> 03:31:03.759
<v Angelita Morillo>Councilor Green.

2111
03:31:06.802 --> 03:31:08.886
<v Mitch Green>Thank you, Council President.

2112
03:31:08.983 --> 03:31:10.435
<v Mitch Green>Thank you, Councilor Morillo.

2113
03:31:10.516 --> 03:31:12.987
<v Mitch Green>I think you took the words out of my mouth.

2114
03:31:15.209 --> 03:31:18.586
<v Mitch Green>I want to speak to the heart for a moment, speak from the heart for a moment.

2115
03:31:20.851 --> 03:31:22.174
<v Mitch Green>So there's a bus stop near my house.

2116
03:31:22.754 --> 03:31:25.434
<v Mitch Green>I live on the 39, which is the Arnold Creek bus stop.

2117
03:31:26.387 --> 03:31:28.290
<v Mitch Green>That's the bus stop that students at Ida B.

2118
03:31:28.340 --> 03:31:29.324
<v Mitch Green>Wells take to get to school.

2119
03:31:31.020 --> 03:31:37.328
<v Mitch Green>There's a notice on that bus stop that says starting on August 23rd, you can expect this service to be reduced or cut.

2120
03:31:39.157 --> 03:31:44.487
<v Mitch Green>Same cuts coming to the number 1 on Vermont, another line that students take to get to Ida B.

2121
03:31:44.568 --> 03:31:44.697
<v Mitch Green>Wells.

2122
03:31:44.745 --> 03:31:44.906
<v Keelan McClymont>Thank you.

2123
03:31:47.012 --> 03:32:02.068
<v Mitch Green>If the state legislature does not somehow come up with a miraculous funding package for TriMet in the next legislative session, we're going to lock those cuts into place for years to come, and we will have decimated our transit system.

2124
03:32:03.775 --> 03:32:06.907
<v Mitch Green>And so for me, this vote is about the broader stakes that we're in.

2125
03:32:08.780 --> 03:32:12.718
<v Mitch Green>We're in a situation where our state legislature asked zero questions.

2126
03:32:13.879 --> 03:32:14.022
<v Mitch Green>None.

2127
03:32:14.681 --> 03:32:17.713
<v Mitch Green>Over the course of 5 weeks, basically said, what do you need, $600 million?

2128
03:32:18.067 --> 03:32:20.442
<v Mitch Green>We got you, we're good for $365 million.

2129
03:32:20.876 --> 03:32:26.059
<v Mitch Green>Didn't tell us about a study that they commissioned from Echo Northwest that made the case.

2130
03:32:26.172 --> 03:32:31.275
<v Mitch Green>If they would— I mean, if they would have shared that, it would have been— it undermined my position.

2131
03:32:31.709 --> 03:32:32.559
<v Mitch Green>So that tells you something.

2132
03:32:33.796 --> 03:32:35.047
<v Mitch Green>But they never even asked a question.

2133
03:32:35.144 --> 03:32:37.134
<v Mitch Green>I talked to Mike Wilkerson at Echo Northwest yesterday.

2134
03:32:37.229 --> 03:32:39.367
<v Mitch Green>I said, hey, why didn't you share that study from last bring with us.

2135
03:32:39.656 --> 03:32:41.546
<v Mitch Green>And he said nobody asked for it.

2136
03:32:43.046 --> 03:32:44.144
<v Mitch Green>Nobody ever asked for it.

2137
03:32:45.379 --> 03:32:47.371
<v Mitch Green>And he's under an NDA, so he can't just volunteer it up.

2138
03:32:47.436 --> 03:32:58.769
<v Mitch Green>So that means no one at the state legislature, no one in the mayor's office, no one in anyone else's office that had any involvement in that ever asked for that and ever asked to bring it to City Council.

2139
03:32:59.413 --> 03:33:05.488
<v Mitch Green>And so the perception here every step of the way has been like, don't worry, Thank you.

2140
03:33:05.665 --> 03:33:06.745
<v Mitch Green>There is no problem here.

2141
03:33:07.744 --> 03:33:08.854
<v Mitch Green>This will all pay for itself.

2142
03:33:08.903 --> 03:33:09.498
<v Mitch Green>It's self-contained.

2143
03:33:09.548 --> 03:33:10.111
<v Mitch Green>But it's not.

2144
03:33:10.175 --> 03:33:12.495
<v Mitch Green>There's no such thing as a free lunch in public economics.

2145
03:33:14.945 --> 03:33:18.413
<v Mitch Green>The Blazers— all of this is predicated on the idea that they're just going to leave and walk.

2146
03:33:19.629 --> 03:33:20.435
<v Mitch Green>Where are they going to go?

2147
03:33:21.969 --> 03:33:26.039
<v Mitch Green>Name a city and explain how that city can do better than us.

2148
03:33:27.822 --> 03:33:28.422
<v Mitch Green>No one's done that.

2149
03:33:29.037 --> 03:33:34.038
<v Mitch Green>And when I've asked those questions, I have been told It's just, it's in the rumor mill, man.

2150
03:33:34.233 --> 03:33:35.367
<v Mitch Green>You got to trust me.

2151
03:33:35.772 --> 03:33:38.575
<v Mitch Green>I'm not sent here to trust you in a rumor mill.

2152
03:33:39.504 --> 03:33:52.619
<v Mitch Green>I'm sent here to protect taxpayer funds and fight for our communities, especially when we are watching the rest of our public investments in education, healthcare, public transit crumble around us.

2153
03:33:54.413 --> 03:34:05.631
<v Mitch Green>And so sorry if I'm I'm a little hot about that because some of you have critically— uncritically accepted claims of economic development that just aren't there.

2154
03:34:06.996 --> 03:34:07.270
<v Mitch Green>They're not.

2155
03:34:08.538 --> 03:34:12.617
<v Mitch Green>There's no study on the table that has been substantiated in any sense of the word.

2156
03:34:13.338 --> 03:34:16.710
<v Mitch Green>The benefits could be zero, $600 million, $2 billion, $15 billion, doesn't matter.

2157
03:34:16.951 --> 03:34:20.740
<v Mitch Green>Those are all reasonable guesses because there's no credible study so far.

2158
03:34:20.805 --> 03:34:21.110
<v Olivia Clark>Thank you.

2159
03:34:22.734 --> 03:34:47.011
<v Mitch Green>And so where I'm at with this is last week I tried to bring an amendment that would've cut our exposure down from $400 million, which after interest would be anywhere between $460 and $476 million depending upon the interest rate you assume, and bring that down to $184 to $200 million after interest.

2160
03:34:47.398 --> 03:34:48.820
<v Mitch Green>That's what I tried to do in my amendment last week.

2161
03:34:48.869 --> 03:34:48.966
<v Steve Novick>Thank you.

2162
03:34:50.084 --> 03:35:06.534
<v Mitch Green>By basically asking the question, if, if we're putting up a total of $600 million to renovate a stadium, then what business are we— why do we need to plow $100 to $275 million into new capital formation for the next 20 years right away?

2163
03:35:07.402 --> 03:35:09.311
<v Mitch Green>Didn't we do that when we renovated the stadium?

2164
03:35:10.387 --> 03:35:14.559
<v Mitch Green>The fact that no one has been able to address that question head-on honestly is scandalous.

2165
03:35:14.704 --> 03:35:14.944
<v Donnie Oliveira>Thank you.

2166
03:35:16.278 --> 03:35:19.880
<v Mitch Green>And it means that you're trying to hide the ball on what this really costs to the Portlanders.

2167
03:35:20.636 --> 03:35:23.579
<v Mitch Green>But they're not— they know right where the ball is.

2168
03:35:24.094 --> 03:35:25.802
<v Mitch Green>They see where the ball is going on every single play.

2169
03:35:25.868 --> 03:35:29.978
<v Mitch Green>That's why they were upset here today and had to be escorted out of this office or this chambers.

2170
03:35:30.497 --> 03:35:31.278
<v Mitch Green>That's why they were outside.

2171
03:35:31.902 --> 03:35:35.322
<v Mitch Green>And that's why they're going to be at your town halls over the next 6 months.

2172
03:35:38.005 --> 03:35:43.558
<v Mitch Green>And so because of that, because this body refused To do any measure of cost control in this first term sheet?

2173
03:35:43.621 --> 03:35:45.853
<v Mitch Green>Because colleagues, it does not get better.

2174
03:35:46.174 --> 03:35:48.246
<v Mitch Green>The deal doesn't get better after we start negotiating.

2175
03:35:49.001 --> 03:35:49.594
<v Mitch Green>It gets worse.

2176
03:35:50.430 --> 03:35:52.436
<v Mitch Green>Has anyone ever been a part of a negotiation here?

2177
03:35:53.191 --> 03:35:54.347
<v Mitch Green>Do you get your starting position?

2178
03:35:54.444 --> 03:35:55.504
<v Mitch Green>You do not.

2179
03:35:56.290 --> 03:36:01.781
<v Mitch Green>How am I supposed to accept uncritically this idea that here's my starting position, thanks for giving me an extra 10%?

2180
03:36:02.488 --> 03:36:03.179
<v Mitch Green>That doesn't happen.

2181
03:36:03.870 --> 03:36:05.346
<v Donnie Oliveira>It's ludicrous.

2182
03:36:07.287 --> 03:36:08.762
<v Mitch Green>So we didn't do that.

2183
03:36:08.842 --> 03:36:16.406
<v Mitch Green>We didn't— we decided to ignore the total cost of this project, pretend it's only $120 million, and pretend we have a source of funding for that.

2184
03:36:17.478 --> 03:36:21.468
<v Mitch Green>If we would have passed my amendment, we would have found a source of funding for that, and I would have been a yes today.

2185
03:36:21.790 --> 03:36:22.606
<v Mitch Green>But we didn't.

2186
03:36:22.686 --> 03:36:23.471
<v Mitch Green>And so I'm a no today.

2187
03:36:23.584 --> 03:36:27.110
<v Mitch Green>I'm going to be no on this term sheet.

2188
03:36:27.655 --> 03:36:28.424
<v Jamie Dunphy>Thank you, Councilor Green.

2189
03:36:28.936 --> 03:36:29.626
<v Jamie Dunphy>Councilor Pirtle-Guiney.

2190
03:36:30.042 --> 03:36:31.084
<v Elana Pirtle-Guiney>Thank you, Council President.

2191
03:36:31.870 --> 03:36:34.675
<v Elana Pirtle-Guiney>I want to start by speaking to Portlanders.

2192
03:36:35.815 --> 03:36:40.032
<v Elana Pirtle-Guiney>I spent a lot of my career sitting on the other side of rooms like this.

2193
03:36:41.058 --> 03:36:49.190
<v Elana Pirtle-Guiney>I spent a lot of my career questioning whether deals just like this one were good enough for the community, whether they were good enough for working people.

2194
03:36:50.040 --> 03:37:01.622
<v Elana Pirtle-Guiney>I spent a lot of time wondering what on earth elected leaders had seen or what calculations they were making that led them to make what I often saw as irrational decisions.

2195
03:37:02.859 --> 03:37:14.947
<v Elana Pirtle-Guiney>So I want to actually lay out why I think this investment could be the most reasonable option we have, the most rational option we have, possibly even the best one for our city.

2196
03:37:15.042 --> 03:37:22.443
<v Elana Pirtle-Guiney>Because as one testifier said last week, we need to ink the best deal for the city, and we need to show our work.

2197
03:37:23.005 --> 03:37:24.754
<v Elana Pirtle-Guiney>And if we're not willing to show you our work, Thank you.

2198
03:37:25.717 --> 03:37:27.495
<v Elana Pirtle-Guiney>Then we shouldn't be willing to vote on this today.

2199
03:37:28.795 --> 03:37:29.900
<v Elana Pirtle-Guiney>So here's what I'm looking at.

2200
03:37:31.022 --> 03:37:32.192
<v Elana Pirtle-Guiney>Portland owns this building.

2201
03:37:32.465 --> 03:37:41.793
<v Elana Pirtle-Guiney>So whether or not the Blazers are in Portland, whether or not we get a deal, we have to decide what the future of Moda is.

2202
03:37:42.804 --> 03:37:45.128
<v Elana Pirtle-Guiney>And I want to name the options that I see before us there.

2203
03:37:46.475 --> 03:37:52.325
<v Elana Pirtle-Guiney>One, the most obvious, we move forward with finding a deal the Blazers will sign on to.

2204
03:37:52.968 --> 03:37:53.095
<v Loretta Smith>Thank you.

2205
03:37:53.144 --> 03:37:59.649
<v Elana Pirtle-Guiney>We agree to terms that probably aren't as great as anybody in this room or in the city want.

2206
03:38:00.597 --> 03:38:02.895
<v Elana Pirtle-Guiney>It costs us $120 million now.

2207
03:38:03.745 --> 03:38:11.166
<v Elana Pirtle-Guiney>We use the revenue that comes in from the arena to cover the rest of our investment, as has been laid out in the term sheet before us.

2208
03:38:12.338 --> 03:38:13.769
<v Elana Pirtle-Guiney>We might get some funds back.

2209
03:38:14.025 --> 03:38:15.631
<v Elana Pirtle-Guiney>We probably shouldn't depend on it.

2210
03:38:15.712 --> 03:38:23.969
<v Elana Pirtle-Guiney>We hopefully receive some of the, the rent and in lieu of tax funds that we have put into the term sheet today.

2211
03:38:24.434 --> 03:38:25.941
<v Elana Pirtle-Guiney>That's yet to be negotiated.

2212
03:38:26.998 --> 03:38:34.256
<v Elana Pirtle-Guiney>Um, we've got the other funding on the table from our, our partners here to pay for this renovation.

2213
03:38:35.490 --> 03:38:42.253
<v Elana Pirtle-Guiney>Alternately, maybe we don't reach a deal with the Blazers, but we still decide that we want to remodel the arena.

2214
03:38:42.701 --> 03:38:49.665
<v Elana Pirtle-Guiney>We know that there are fewer and fewer concerts that are going to be able to come our way over the next 5 or 10 years.

2215
03:38:49.777 --> 03:38:57.612
<v Elana Pirtle-Guiney>We know that there are some major upgrades that are needed for folks who are working in that building, some accessibility upgrades.

2216
03:38:58.368 --> 03:39:03.538
<v Elana Pirtle-Guiney>We focus on the needs for the fire and other sports users, for concerts, for recruiting events.

2217
03:39:04.147 --> 03:39:08.820
<v Elana Pirtle-Guiney>We do this without state and county funding because the opportunity for those dollars has expired.

2218
03:39:08.885 --> 03:39:09.736
<v Elana Pirtle-Guiney>It's all on the city.

2219
03:39:10.234 --> 03:39:10.699
<v Elana Pirtle-Guiney>Thank you.

2220
03:39:10.780 --> 03:39:21.513
<v Elana Pirtle-Guiney>It's probably a remodel that has a slightly lower price tag, but a slightly higher cost for the city, maybe a significantly higher cost for the city.

2221
03:39:23.729 --> 03:39:25.605
<v Elana Pirtle-Guiney>The trade-offs are different.

2222
03:39:25.816 --> 03:39:27.498
<v Elana Pirtle-Guiney>Another alternative is we don't remodel.

2223
03:39:28.474 --> 03:39:34.666
<v Elana Pirtle-Guiney>We find a niche for now to put on other events for which the Moda is good enough, not as many of them.

2224
03:39:35.695 --> 03:39:40.436
<v Elana Pirtle-Guiney>And eventually that fades to the last option, which is we don't remodel and the events decrease to nothing.

2225
03:39:40.502 --> 03:39:40.694
<v Angelita Morillo>Thank you.

2226
03:39:42.898 --> 03:39:46.200
<v Elana Pirtle-Guiney>There's a cost to that too, though.

2227
03:39:46.842 --> 03:39:49.904
<v Elana Pirtle-Guiney>There's a cost to not activating this largest space in our city.

2228
03:39:50.754 --> 03:39:52.902
<v Elana Pirtle-Guiney>There is a cost if we decide to tear it down.

2229
03:39:53.816 --> 03:39:57.984
<v Elana Pirtle-Guiney>There is a cost to trying to retain events at Memorial Coliseum without Moda.

2230
03:39:58.865 --> 03:40:06.849
<v Elana Pirtle-Guiney>And there is a cost, one I am completely unwilling to pay, to the Albina neighborhood for turning our back on them.

2231
03:40:06.897 --> 03:40:07.024
<v Raymond C. Lee>Thank you.

2232
03:40:07.522 --> 03:40:16.498
<v Elana Pirtle-Guiney>For refusing to reinvest in this part of town just as the Black community is buying back property and rebuilding community next door to it.

2233
03:40:16.578 --> 03:40:20.882
<v Elana Pirtle-Guiney>We literally took property from families a decade ago to build this space.

2234
03:40:22.055 --> 03:40:27.563
<v Elana Pirtle-Guiney>The theft of property value from their descendants would be a new data point in that unjust history.

2235
03:40:29.056 --> 03:40:30.115
<v Elana Pirtle-Guiney>So I want to be clear.

2236
03:40:31.288 --> 03:40:39.816
<v Elana Pirtle-Guiney>I would love to be in a situation where we have an owner for our city's largest sports team who is actually invested in the city of Portland.

2237
03:40:41.149 --> 03:40:42.418
<v Elana Pirtle-Guiney>But we don't.

2238
03:40:42.836 --> 03:40:54.742
<v Elana Pirtle-Guiney>So we have these choices before us: try to get a deal with the Blazers, remodel the arena without a deal with the Blazers, don't remodel and eventually close the arena.

2239
03:40:55.690 --> 03:40:59.272
<v Elana Pirtle-Guiney>There is a cost to each of those which we must compare.

2240
03:41:00.605 --> 03:41:01.906
<v Elana Pirtle-Guiney>Tom Dundon does not care.

2241
03:41:02.020 --> 03:41:02.822
<v Elana Pirtle-Guiney>He does not care about our city.

2242
03:41:03.254 --> 03:41:06.882
<v Elana Pirtle-Guiney>He does not care about our team, our values, or our future.

2243
03:41:07.091 --> 03:41:08.165
<v Elana Pirtle-Guiney>He has made that clear.

2244
03:41:09.578 --> 03:41:11.055
<v Elana Pirtle-Guiney>And I want to be clear about another thing.

2245
03:41:11.120 --> 03:41:19.657
<v Elana Pirtle-Guiney>Portland's future is one with many needs, needs that community members have rightfully raised, which are critical for us to take into account.

2246
03:41:19.721 --> 03:41:29.682
<v Elana Pirtle-Guiney>So for folks who say, don't worry, having a team will pay off for the community, that is not only tone deaf, but it's a promise we can't make and which history shows does not thank you.

2247
03:41:30.353 --> 03:41:31.403
<v Elana Pirtle-Guiney>So I'm not looking at that.

2248
03:41:32.979 --> 03:41:33.909
<v Elana Pirtle-Guiney>I'm looking at the costs.

2249
03:41:35.316 --> 03:41:43.300
<v Elana Pirtle-Guiney>And I have to tell you, as I look at these options, I think the first 2 are better for our city and certainly for my district, for District 2.

2250
03:41:44.768 --> 03:41:47.120
<v Elana Pirtle-Guiney>I think we're going to have to remodel the arena one way or another.

2251
03:41:47.200 --> 03:41:48.390
<v Elana Pirtle-Guiney>So how do we get there?

2252
03:41:49.277 --> 03:41:52.415
<v Elana Pirtle-Guiney>Does it include a deal with Rip City Management or does it not?

2253
03:41:53.139 --> 03:41:55.370
<v Elana Pirtle-Guiney>This isn't a decision about emotion to Councilor Smith.

2254
03:41:56.045 --> 03:42:00.364
<v Elana Pirtle-Guiney>This is not about sentiment to me or about love of a team.

2255
03:42:01.006 --> 03:42:15.040
<v Elana Pirtle-Guiney>It's about financial trade-offs and our city's bottom line based on facts around what we must compare— the investment we're going to have to make, the potential benefits we're going to get from any of those scenarios.

2256
03:42:16.356 --> 03:42:19.938
<v Elana Pirtle-Guiney>So I want to really briefly speak to Tom Dundon.

2257
03:42:21.058 --> 03:42:24.699
<v Elana Pirtle-Guiney>You have heard us debate our negotiating position in public.

2258
03:42:25.728 --> 03:42:30.224
<v Elana Pirtle-Guiney>You have heard Portlanders plead with us to spend our money on critical services.

2259
03:42:31.144 --> 03:42:35.418
<v Elana Pirtle-Guiney>You have also heard them plead with us to do everything we can to keep our home team the home team.

2260
03:42:35.887 --> 03:42:40.283
<v Elana Pirtle-Guiney>You have literally seen our cards and seen us discuss our bottom lines.

2261
03:42:41.809 --> 03:42:43.368
<v Elana Pirtle-Guiney>I'm ready for us to sit down with you.

2262
03:42:44.341 --> 03:42:45.816
<v Elana Pirtle-Guiney>We know the term sheet before us isn't a final deal.

2263
03:42:45.881 --> 03:42:46.466
<v Elana Pirtle-Guiney>Councilwoman Loretta Smith.

2264
03:42:48.138 --> 03:42:50.367
<v Elana Pirtle-Guiney>But it is our framing for this negotiation.

2265
03:42:51.200 --> 03:42:52.547
<v Elana Pirtle-Guiney>It is what we want to see.

2266
03:42:53.139 --> 03:42:55.929
<v Elana Pirtle-Guiney>I'm going to vote yes today because there's a lot I like here.

2267
03:42:57.115 --> 03:43:00.690
<v Elana Pirtle-Guiney>Our labor peace agreements hold the line because Portland is a union town.

2268
03:43:01.459 --> 03:43:07.263
<v Elana Pirtle-Guiney>Our community benefits plan commits Rip City to partnering with Albina Vision Trust on Rose Quarter redevelopment projects.

2269
03:43:07.871 --> 03:43:12.488
<v Elana Pirtle-Guiney>We ensure the Moda Center works for Portland's values around accessibility.

2270
03:43:13.243 --> 03:43:30.985
<v Elana Pirtle-Guiney>Around improved sustainability features, around public transit and bike parking and EV charging infrastructure, affordable parking and concessions, because a night out should not have so many added costs that it's only accessible to the richest few.

2271
03:43:31.065 --> 03:43:34.950
<v Elana Pirtle-Guiney>By the way, Tom, these are good for your business too, not just for us.

2272
03:43:36.282 --> 03:43:38.514
<v Elana Pirtle-Guiney>And holds the Blazers to a non-relocation agreement.

2273
03:43:38.563 --> 03:43:38.674
<v Olivia Clark>Thank you.

2274
03:43:39.638 --> 03:43:44.191
<v Elana Pirtle-Guiney>For all of their games with consequences, among other critical provisions.

2275
03:43:45.105 --> 03:43:55.818
<v Elana Pirtle-Guiney>But Tom, we need you at the table because I certainly will not approve anything in a final agreement if you do not get us information that we need to make sure that it is a good deal for all parties.

2276
03:43:56.733 --> 03:44:01.304
<v Elana Pirtle-Guiney>We have to know when there's a final vote what we're talking about.

2277
03:44:01.864 --> 03:44:02.715
<v Loretta Smith>Thank you.

2278
03:44:05.395 --> 03:44:19.717
<v Elana Pirtle-Guiney>If you, Tom, continue to come to the table with nothing more than proposals which try to bleed Portland dry and which frankly leave me wondering if you even knew this team was located in Portland when you bid on it, we're not going to be able to get to a deal.

2279
03:44:20.969 --> 03:44:23.201
<v Elana Pirtle-Guiney>We want a reasonable deal in Portland.

2280
03:44:23.924 --> 03:44:29.608
<v Elana Pirtle-Guiney>We are scrappy and practical and ready to make it work, but we also will not be taken advantage of.

2281
03:44:29.703 --> 03:44:29.880
<v Jamie Dunphy>Thank you.

2282
03:44:31.370 --> 03:44:35.154
<v Elana Pirtle-Guiney>You have said yourself that any deal must make good business sense.

2283
03:44:35.509 --> 03:44:39.436
<v Elana Pirtle-Guiney>I agree, and my business is the business of the people of Portland.

2284
03:44:40.566 --> 03:44:49.564
<v Elana Pirtle-Guiney>Any final deal must be a good deal for our city and for our people, and we have to take the step today to be able to get there.

2285
03:44:50.129 --> 03:44:50.454
<v Elana Pirtle-Guiney>Thank you.

2286
03:44:51.870 --> 03:44:52.897
<v Jamie Dunphy>Thank you, Councilor Pirtle-Guiney.

2287
03:44:53.075 --> 03:44:53.841
<v Jamie Dunphy>Vice President Clerk.

2288
03:44:54.963 --> 03:44:55.924
<v Olivia Clark>Thank you, Council President.

2289
03:44:56.974 --> 03:45:00.072
<v Olivia Clark>I'm not going to be nearly as eloquent as my colleague.

2290
03:45:00.969 --> 03:45:03.875
<v Olivia Clark>Um, I really appreciate your comments very much.

2291
03:45:04.742 --> 03:45:14.645
<v Olivia Clark>Um, and as I said earlier, the, um, the package that's been put before us today, uh, gives me comfort that the team's reviewed the amendments.

2292
03:45:15.174 --> 03:45:20.727
<v Olivia Clark>Um, it's incorporated some of what, uh, were just barely discussed the other day.

2293
03:45:20.984 --> 03:45:21.995
<v Olivia Clark>So I appreciate your work.

2294
03:45:22.156 --> 03:45:23.263
<v Olivia Clark>I just want to say that again.

2295
03:45:23.376 --> 03:45:28.738
<v Olivia Clark>I appreciate the work of the team, and I appreciate Council President managing this process so well.

2296
03:45:29.782 --> 03:45:32.704
<v Olivia Clark>Um, I know that we have a long row to hoe.

2297
03:45:32.850 --> 03:45:33.683
<v Olivia Clark>We have a long way to go.

2298
03:45:33.733 --> 03:45:38.261
<v Olivia Clark>It's been rather difficult, and I don't see it getting a lot better in the future.

2299
03:45:39.014 --> 03:45:43.863
<v Olivia Clark>Um, but I want to be clear that I don't believe this is a bailout for a billionaire.

2300
03:45:44.876 --> 03:45:47.333
<v Olivia Clark>This is about taking care of what we have.

2301
03:45:47.380 --> 03:45:47.509
<v Elana Pirtle-Guiney>Thank you.

2302
03:45:47.944 --> 03:45:49.930
<v Olivia Clark>It's supporting our labor community.

2303
03:45:50.608 --> 03:45:55.434
<v Olivia Clark>It's supporting the other community partners that Councilor Pirtle-Guiney lined out.

2304
03:45:56.015 --> 03:45:59.328
<v Olivia Clark>We're getting a 3-to-1 match in the renovation of the Moda.

2305
03:46:00.138 --> 03:46:09.665
<v Olivia Clark>I don't want to lose that, that opportunity because, as Councilor Pirtle-Guiney said, we're going to have to take care of this place no matter what happens, and it may cost us more in the future.

2306
03:46:12.474 --> 03:46:13.200
<v Olivia Clark>That concerns me.

2307
03:46:13.265 --> 03:46:13.447
<v Raymond C. Lee>Thank you.

2308
03:46:14.759 --> 03:46:19.329
<v Olivia Clark>I want to address some of the comments that were made by my good colleague, Councilor Green.

2309
03:46:20.472 --> 03:46:22.436
<v Olivia Clark>I am the first person to care about TriMet.

2310
03:46:23.118 --> 03:46:33.879
<v Olivia Clark>I was able to raise the TriMet taxes twice in my career and get the money for the Tilikum Bridge and the Green Line and the Red Line— not the Green Line and the Orange Line.

2311
03:46:35.748 --> 03:46:38.811
<v Olivia Clark>I know— I think there's plenty of money available here.

2312
03:46:38.860 --> 03:46:43.921
<v Olivia Clark>Councilor Smith, And I think that we should consider going for PSF for transit.

2313
03:46:44.324 --> 03:46:45.680
<v Olivia Clark>I think there's plenty of money.

2314
03:46:46.923 --> 03:46:52.674
<v Olivia Clark>But with that, I would just say that I, I think this is a very reasonable package.

2315
03:46:52.738 --> 03:46:55.697
<v Olivia Clark>I appreciate the work that's been done, and I'll be very supportive of it.

2316
03:46:56.805 --> 03:46:57.855
<v Jamie Dunphy>Thank you, Vice President Clark.

2317
03:46:58.180 --> 03:46:58.795
<v Jamie Dunphy>Councilor Avalos.

2318
03:47:03.115 --> 03:47:05.349
<v Candace Avalos>Oh boy, that last note.

2319
03:47:08.111 --> 03:47:09.018
<v Raymond C. Lee>Mm-mm.

2320
03:47:09.358 --> 03:47:15.754
<v Candace Avalos>Um, colleagues, this has been one of the harder votes I've had to make.

2321
03:47:15.818 --> 03:47:31.093
<v Candace Avalos>I feel like I have been pretty consistent along the way over the last several months of what I needed to see and what I felt that Portlanders, but particularly East Portlanders, needed to ensure that this was an investment worth their while.

2322
03:47:33.520 --> 03:47:45.060
<v Candace Avalos>Like I said earlier, I appreciate the proposal before us being substantially better now that we've approved some of those amendments, again inspired by all of the work that we put in last week.

2323
03:47:45.878 --> 03:47:49.036
<v Candace Avalos>And so again, thank you to Donnie and the negotiating team.

2324
03:47:49.084 --> 03:48:01.300
<v Candace Avalos>They listened and they took council's concerns seriously and they incorporated many of the concepts, definitely not the economic concepts that I needed, but many of the other non-economic concepts that, um, councilors across this dais fought for.

2325
03:48:01.671 --> 03:48:09.003
<v Candace Avalos>We now have rent, we have stronger oversights, we have clearer protections around ownership and development rights and maintenance and community benefits.

2326
03:48:09.051 --> 03:48:11.555
<v Candace Avalos>And those improvements do matter to me, so thank you.

2327
03:48:12.886 --> 03:48:24.150
<v Candace Avalos>And also, Portlanders testified— who testified should know that your advocacy mattered too, because that was also a reflection of what you have been asking from us as your legislators.

2328
03:48:24.199 --> 03:48:28.936
<v Candace Avalos>The 12 amendments that I put forward was based directly on what I heard from y'all.

2329
03:48:29.228 --> 03:48:33.755
<v Candace Avalos>You said you needed in order for this to be a deal to be made with your money.

2330
03:48:35.335 --> 03:48:37.227
<v Candace Avalos>We pushed this deal, it moved, that's a win.

2331
03:48:37.921 --> 03:48:40.813
<v Candace Avalos>But the question has been for me, is it enough?

2332
03:48:41.314 --> 03:48:41.976
<v Candace Avalos>Did we move enough?

2333
03:48:43.765 --> 03:48:45.313
<v Candace Avalos>And the answer is no.

2334
03:48:46.907 --> 03:48:51.322
<v Candace Avalos>From the beginning, my concern has not been whether we should keep the Trail Blazers in Portland.

2335
03:48:51.756 --> 03:48:52.352
<v Candace Avalos>I want them to stay.

2336
03:48:53.234 --> 03:48:58.709
<v Candace Avalos>My concern has been whether Portlanders are getting a fair return for what we are being asked to contribute.

2337
03:48:59.800 --> 03:49:06.737
<v Candace Avalos>The new language makes clear that any future city contribution is going to come back through this budget process, and I do appreciate that protection.

2338
03:49:06.801 --> 03:49:11.184
<v Candace Avalos>But let's be honest about what that means, because I have heard people say that this is not new tax money.

2339
03:49:12.084 --> 03:49:13.962
<v Candace Avalos>Technically it's not.

2340
03:49:14.814 --> 03:49:17.769
<v Candace Avalos>Technically that's true, but it is still public money.

2341
03:49:17.833 --> 03:49:17.944
<v Keelan McClymont>Thank you.

2342
03:49:18.586 --> 03:49:27.603
<v Candace Avalos>And every dollar that we commit here is a dollar that's not going to be available for parks and housing and public safety and climate investments and filling future budget deficits.

2343
03:49:27.667 --> 03:49:34.325
<v Candace Avalos>Remember, we just closed a $170 million budget deficit, and we know that our challenges, our fiscal challenges, are not going away.

2344
03:49:35.545 --> 03:49:38.480
<v Candace Avalos>So this isn't about whether this requires a new tax or not.

2345
03:49:39.058 --> 03:49:43.759
<v Candace Avalos>This is about whether this investment is worth what Portland is being asked to give up.

2346
03:49:43.968 --> 03:49:44.480
<v Candace Avalos>To make it.

2347
03:49:45.058 --> 03:49:47.015
<v Candace Avalos>And so for me, I still needed to see more.

2348
03:49:47.962 --> 03:49:54.172
<v Candace Avalos>I fought for rent because I felt that a private operating— a private business operating in a publicly owned building should pay rent.

2349
03:49:54.219 --> 03:49:55.199
<v Candace Avalos>I'm glad that we have that.

2350
03:49:55.246 --> 03:49:56.353
<v Candace Avalos>I'm glad we increased it.

2351
03:49:56.611 --> 03:49:59.018
<v Candace Avalos>Any more money we can get out of it, wonderful.

2352
03:50:00.397 --> 03:50:12.847
<v Candace Avalos>But I also continue to believe that the owners should be making a meaningful private financial contribution and that Portland deserves a stronger return on its investment before I can support the final economics of this deal.

2353
03:50:12.929 --> 03:50:16.736
<v Candace Avalos>So my vote is no, but I want to be clear about what that no means.

2354
03:50:17.668 --> 03:50:19.227
<v Candace Avalos>It is not a vote against the Blazers.

2355
03:50:20.047 --> 03:50:27.084
<v Candace Avalos>It is not a rejection of the progress that we've made, and it is not a decision about the final agreements that will come back to us later this year.

2356
03:50:28.001 --> 03:50:32.565
<v Candace Avalos>It is a message to the negotiating team: you have strengthened the city's position.

2357
03:50:32.837 --> 03:50:35.377
<v Candace Avalos>Now keep going, keep going.

2358
03:50:35.875 --> 03:50:38.269
<v Candace Avalos>Use these protections as the floor, not the ceiling.

2359
03:50:38.781 --> 03:50:47.337
<v Candace Avalos>Bring me back a deal that asks the owner to meet Portland with the same specificity that we've been asking, that they've asked of us to meet them with.

2360
03:50:48.540 --> 03:50:51.888
<v Candace Avalos>So I hope that we take one big lesson from this whole process.

2361
03:50:52.786 --> 03:51:02.622
<v Candace Avalos>Again, last week we were told that council shouldn't negotiate from the dais, but many of the ideas that were rejected last week are now in what is approved that we are voting on.

2362
03:51:04.001 --> 03:51:06.709
<v Candace Avalos>And I think that speaks to remembering what our role is.

2363
03:51:06.805 --> 03:51:06.933
<v Candace Avalos>Thank you.

2364
03:51:07.250 --> 03:51:11.281
<v Candace Avalos>Council's role is to tell the negotiating team what Portland needs.

2365
03:51:11.941 --> 03:51:14.763
<v Candace Avalos>The negotiating team's role is to figure out how to get there.

2366
03:51:15.709 --> 03:51:18.279
<v Candace Avalos>This week proved that 2 things can work at the same time.

2367
03:51:19.136 --> 03:51:20.655
<v Candace Avalos>We are closer than we are a week ago.

2368
03:51:21.270 --> 03:51:29.391
<v Candace Avalos>We're not there yet, and I sincerely hope that the definitive agreements that return, that you will bring them back to me and earn my yes.

2369
03:51:30.084 --> 03:51:30.713
<v Candace Avalos>But you have to earn it.

2370
03:51:32.468 --> 03:51:33.304
<v Jamie Dunphy>Thank you, Councilor Avalos.

2371
03:51:34.102 --> 03:51:37.000
<v Steve Novick>Thank you, Mr. President.

2372
03:51:37.081 --> 03:51:43.213
<v Steve Novick>I apologize for not saying this before, but Councilor Ryan, I have to respond to what you said about the 2000 Blazers in Game 7 against the Lakers.

2373
03:51:43.424 --> 03:51:44.620
<v Steve Novick>I don't think they blew it.

2374
03:51:44.700 --> 03:51:45.331
<v Steve Novick>They didn't choke.

2375
03:51:45.443 --> 03:51:46.769
<v Steve Novick>It wasn't like there were lots of turnovers.

2376
03:51:47.109 --> 03:51:48.466
<v Steve Novick>The shots just didn't fall.

2377
03:51:48.724 --> 03:51:49.192
<v Steve Novick>That happens.

2378
03:51:51.648 --> 03:51:52.477
<v Jamie Dunphy>Thank you, Councilor Novick.

2379
03:51:53.467 --> 03:51:53.953
<v Jamie Dunphy>Councilor Smith.

2380
03:51:59.085 --> 03:52:00.272
<v Loretta Smith>Thank you, Council President.

2381
03:52:01.170 --> 03:52:09.092
<v Loretta Smith>And I'm a— my name is Loretta Smith, and I'm a District 1 city councilor which serves East Portland.

2382
03:52:09.909 --> 03:52:21.279
<v Loretta Smith>And I'm here to express that I have strong support for the proposed renovation of the Moda Center and the surrounding Rose Quarter, along with the 20-year lease agreement with the Portland Trail Blazers.

2383
03:52:22.416 --> 03:52:29.297
<v Loretta Smith>And I believe that the Moda Center has been the heartbeat of Portland's sports and entertainment scene for nearly 3 decades.

2384
03:52:30.370 --> 03:52:35.309
<v Loretta Smith>This proposal represents more than just a renovation of a building.

2385
03:52:36.128 --> 03:52:42.286
<v Loretta Smith>It is a critical investment in the future of our city, our economy, and our community identity.

2386
03:52:43.584 --> 03:52:47.737
<v Loretta Smith>And the economic impact of the Moda Center cannot be overstated.

2387
03:52:48.476 --> 03:52:56.306
<v Loretta Smith>As a premier destination for sports, concerts, and events, It draws millions of visitors to our city each year.

2388
03:52:57.397 --> 03:53:06.468
<v Loretta Smith>These visitors support our local hotels, restaurants, small businesses, particularly in the central city and the Lloyd Center District.

2389
03:53:07.897 --> 03:53:18.191
<v Loretta Smith>A modernization Moda Center will do a couple of things: secure long-term revenue, ensuring the Trail Blazers remain in the Portland area.

2390
03:53:18.816 --> 03:53:26.290
<v Loretta Smith>It guarantees decades of tax revenue and economic activity that would not otherwise be lost.

2391
03:53:27.075 --> 03:53:27.620
<v Loretta Smith>Job growth.

2392
03:53:28.438 --> 03:53:42.134
<v Loretta Smith>The renovation project itself will create hundreds of family-wage construction jobs, while a revitalized Rose Quarter will support thousands of permanent positions in hospitality, management, and service sectors.

2393
03:53:43.513 --> 03:53:44.506
<v Candace Avalos>Boost tourism.

2394
03:53:45.055 --> 03:53:56.891
<v Loretta Smith>By upgrading the facility to modern standards, we remain competitive in attracting top-tier national tours and sporting events that bring out, out-of-state dollars in our local community.

2395
03:53:58.766 --> 03:54:13.288
<v Loretta Smith>For generations of Oregonians, the Moda Center and the Rose Garden before it has been the site of our most cherished memories, and I want to create additional memories.

2396
03:54:13.467 --> 03:54:23.093
<v Loretta Smith>Investing in the existing infrastructure of the Moda Center is a sustainable choice by modern— modernizing a centrally located facility.

2397
03:54:24.013 --> 03:54:28.263
<v Loretta Smith>This agreement is a balanced and necessary step forward.

2398
03:54:28.943 --> 03:54:41.436
<v Loretta Smith>It protects the city's interests, secures our professional sports future, and it provides the spark needed for the next chapter of Portland's downtown recovery.

2399
03:54:42.416 --> 03:54:58.649
<v Loretta Smith>We urge from District 1, Councilor Loretta Smith's office, to support— we want the council to support this term sheet and move forward with the vision of a rejuvenated Moda Center that will serve our community for another 20 years and beyond.

2400
03:54:59.596 --> 03:55:08.397
<v Loretta Smith>Thank you all for really Thank you, Councilor Smith.

2401
03:55:09.075 --> 03:55:09.686
<v Jamie Dunphy>Councilor Zimmerman.

2402
03:55:10.429 --> 03:55:11.993
<v Eric Zimmerman>Thank you, Mr. President.

2403
03:55:13.950 --> 03:55:19.316
<v Eric Zimmerman>I, um, I'm glad we're getting toward the end here in terms of this, the long deliberation.

2404
03:55:19.588 --> 03:55:23.916
<v Eric Zimmerman>I do want to just start with, uh, respect that there are different positions on this.

2405
03:55:24.031 --> 03:55:27.768
<v Eric Zimmerman>I know that some folks won't be able to vote no today, and I think that that's okay.

2406
03:55:28.777 --> 03:55:37.949
<v Eric Zimmerman>I do want to talk about why I'm going to vote yes and why I think this is the right thing for the community, not just for Portland, but actually statewide.

2407
03:55:37.996 --> 03:55:44.602
<v Eric Zimmerman>I think that we all benefit to a future with an NBA team here in Portland.

2408
03:55:45.371 --> 03:55:51.529
<v Eric Zimmerman>You know, when I think about the $670 million every single year in returned economic activity, that's one of my reasons.

2409
03:55:51.721 --> 03:55:56.179
<v Eric Zimmerman>When I think about the thousands of jobs that are directly connected to the Moda Center, that's one of my reasons.

2410
03:55:57.077 --> 03:56:27.381
<v Eric Zimmerman>When I think about the fact that the Blazers occupy the building for 41 days a year and there are another 320 who are up for grabs, and the fact that Portland currently only gets just about 200 nights a year used, meaning it's time for us to stop being a flyover city for concerts, shows, events from Seattle to San Francisco because the Moda Center is no longer capable of putting shows on of a certain caliber to get us up closer to 300 nights a year.

2411
03:56:27.591 --> 03:56:28.600
<v Eric Zimmerman>That's one of my reasons.

2412
03:56:29.112 --> 03:56:40.683
<v Eric Zimmerman>So when I think about those things and $670 million with the most out-of-date stadium in the league, I think about the potential for how we grow past that $670 million.

2413
03:56:40.730 --> 03:56:43.135
<v Eric Zimmerman>How do we get higher than $670 million?

2414
03:56:43.600 --> 03:56:50.244
<v Eric Zimmerman>Olivia Clark and I this morning, we were at the East Portland Chamber of Commerce Not even really our district, maybe a couple.

2415
03:56:52.050 --> 03:57:00.843
<v Eric Zimmerman>But boy, we had a wonderful conversation, and one member, one person said, "I don't really go to the Blazers.

2416
03:57:01.037 --> 03:57:09.916
<v Eric Zimmerman>I have a tiny little business over here, but I, as a business member, I in East Portland, I rely on that kind of economic hub." And I thought that was really interesting.

2417
03:57:10.666 --> 03:57:11.709
<v Eric Zimmerman>That kind of trickle.

2418
03:57:13.015 --> 03:57:18.052
<v Eric Zimmerman>Support across the community from East Portland, North Portland, Southwest Portland.

2419
03:57:18.967 --> 03:57:19.945
<v Eric Zimmerman>There's an identity here.

2420
03:57:20.025 --> 03:57:26.315
<v Eric Zimmerman>So I'm okay with the no votes, but I do want to make sure that there are folks that understand that I'm one of the cheerleaders.

2421
03:57:26.442 --> 03:57:27.502
<v Eric Zimmerman>I'm one of the yes votes.

2422
03:57:27.967 --> 03:57:33.486
<v Eric Zimmerman>I'm not a Blazer dancer, but I am as into the Blazers, as into this deal as we can be.

2423
03:57:33.950 --> 03:57:36.197
<v Eric Zimmerman>I look at this and I want to be really careful, right?

2424
03:57:36.293 --> 03:57:45.453
<v Eric Zimmerman>I think that unfortunately the way that things have been covered a little bit is that some reason I think some of the news stations and others are are putting this as a final document.

2425
03:57:46.095 --> 03:57:47.844
<v Eric Zimmerman>In fact, this is a first document.

2426
03:57:48.342 --> 03:57:57.182
<v Eric Zimmerman>Some coverage of this is all about amendments that couldn't pass, but this is about a document that has, I think, majority support, and that's a good foot forward.

2427
03:57:58.192 --> 03:58:00.808
<v Eric Zimmerman>So it's time for Portland to have some more wins.

2428
03:58:01.016 --> 03:58:03.054
<v Eric Zimmerman>It's time for Portland to have some more cheerleaders.

2429
03:58:03.230 --> 03:58:04.979
<v Eric Zimmerman>We've had a rough 6 years.

2430
03:58:05.236 --> 03:58:08.108
<v Eric Zimmerman>I am so ready to have a good next 6 years.

2431
03:58:08.156 --> 03:58:08.380
<v Candace Avalos>Thank you.

2432
03:58:09.022 --> 03:58:13.909
<v Eric Zimmerman>And so I look forward to the best deal that our negotiating team can bring forward.

2433
03:58:13.974 --> 03:58:26.842
<v Eric Zimmerman>That has been my goal through this entire process, is that we put a good foot forward that makes us a serious contender, a serious party at a serious table in the eyes of the NBA, so that this choice is clear.

2434
03:58:27.274 --> 03:58:29.198
<v Eric Zimmerman>Portland is in it for this market.

2435
03:58:29.629 --> 03:58:34.439
<v Eric Zimmerman>I want to definitely thank Governor Kotek, Senate President Thank you.

2436
03:58:34.534 --> 03:58:40.477
<v Eric Zimmerman>Council President Wagner, Senator Kate Lieber, their leadership at Salem helped this happen.

2437
03:58:41.007 --> 03:58:42.165
<v Eric Zimmerman>It was valuable.

2438
03:58:42.518 --> 03:59:12.132
<v Eric Zimmerman>I appreciated your partnerships, and I cannot imagine Portland's rough few economic years— and hoping that this chapter is about to turn the page on this poor economic— these poor economic years— I can't imagine adding a few more pages to this long, dark so I think losing the Blazers, I think having to mothball the Moda Center, I think having to say we have an old outdated thing that nobody— that we have no anchor tenant in would be a problem.

2439
03:59:12.566 --> 03:59:14.414
<v Eric Zimmerman>We are the headquarters for women's sports.

2440
03:59:14.494 --> 03:59:15.698
<v Eric Zimmerman>The Portland Fire is here.

2441
03:59:16.180 --> 03:59:17.576
<v Eric Zimmerman>The Blazers need to stay here.

2442
03:59:18.090 --> 03:59:22.040
<v Eric Zimmerman>Portland has some of the strongest, most dedicated, crazy fans out there.

2443
03:59:22.441 --> 03:59:27.515
<v Eric Zimmerman>And I will also say, I know there's a lot of rhetoric out there about— I hear from, or I'm hearing that the Blazers are not a good fit for Portland.

2444
03:59:27.564 --> 03:59:28.093
<v Eric Zimmerman>I think that's a misnomer.

2445
03:59:28.141 --> 03:59:29.352
<v Eric Zimmerman>People don't have trust in this.

2446
03:59:29.593 --> 03:59:33.385
<v Eric Zimmerman>I just want to talk about my experience where I'm at in this world and in this city.

2447
03:59:34.255 --> 03:59:39.563
<v Eric Zimmerman>I have had more conversations with people who have come up to me and be like, you cannot lose this team.

2448
03:59:40.078 --> 03:59:41.417
<v Eric Zimmerman>You cannot lose these Blazers.

2449
03:59:41.998 --> 03:59:43.579
<v Eric Zimmerman>What are you going to do to make this happen?

2450
03:59:43.628 --> 03:59:45.047
<v Eric Zimmerman>And I've said, I think we're going to get it.

2451
03:59:45.801 --> 03:59:46.709
<v Eric Zimmerman>I think we're going to be there.

2452
03:59:47.197 --> 03:59:54.445
<v Eric Zimmerman>And so I say that because there has been a very robust argument, and that has been healthy.

2453
03:59:54.495 --> 03:59:54.608
<v Candace Avalos>Thank you.

2454
03:59:55.532 --> 04:00:00.056
<v Eric Zimmerman>But it doesn't speak for the grand majority of where the city is at.

2455
04:00:00.183 --> 04:00:05.443
<v Eric Zimmerman>And I do hope, colleagues, that we pass this today because the job isn't done.

2456
04:00:05.620 --> 04:00:19.075
<v Eric Zimmerman>We, of course, eventually have to get to a deal, but our job today is to put our best foot forward and to make sure that the league and the owners and everybody knows that we are at the table to be a serious partner and keep this team for 20 years.

2457
04:00:19.332 --> 04:00:20.550
<v Eric Zimmerman>I want to be an old guy.

2458
04:00:20.630 --> 04:00:20.854
<v Raymond C. Lee>Thank you.

2459
04:00:21.175 --> 04:00:32.609
<v Eric Zimmerman>Looking at the next city council who has to decide what is the future of the entire Rose Arena area when this garden is dead and gone and it's someone else's problem.

2460
04:00:32.673 --> 04:00:35.290
<v Eric Zimmerman>But for now, this is our home for the next 20 years.

2461
04:00:35.467 --> 04:00:36.254
<v Eric Zimmerman>Let's invest in it.

2462
04:00:36.527 --> 04:00:41.296
<v Eric Zimmerman>Let's use the funds appropriately and let's entice this team to stay with us because we want to stay with them.

2463
04:00:41.504 --> 04:00:42.387
<v Eric Zimmerman>Thanks, Council President.

2464
04:00:42.628 --> 04:00:43.511
<v Jamie Dunphy>Thank you, Councilor Zimmerman.

2465
04:00:43.977 --> 04:00:44.843
<v Jamie Dunphy>Councilor Koyama Lane.

2466
04:00:45.920 --> 04:00:47.333
<v Tiffany Koyama Lane>Okay, bear with me, colleagues.

2467
04:00:47.444 --> 04:00:49.099
<v Tiffany Koyama Lane>I just have a couple amendments.

2468
04:00:49.896 --> 04:00:50.266
<v Keelan McClymont>Just kidding.

2469
04:00:51.990 --> 04:00:54.957
<v Tiffany Koyama Lane>I know all 11 of you would lose it on me.

2470
04:00:55.132 --> 04:00:56.916
<v Candace Avalos>That was genuine.

2471
04:00:56.981 --> 04:00:58.507
<v Tiffany Koyama Lane>Okay, finally a real joke.

2472
04:01:00.019 --> 04:01:07.153
<v Tiffany Koyama Lane>Um, I do want to start by thanking everyone who has put in a lot of work and time on this.

2473
04:01:07.766 --> 04:01:15.260
<v Tiffany Koyama Lane>My colleagues, our staff— our staff, let's be honest, they do a lot of the work— uh, the negotiation team, Thank you.

2474
04:01:15.371 --> 04:01:16.384
<v Tiffany Koyama Lane>Our city staff.

2475
04:01:17.764 --> 04:01:27.944
<v Tiffany Koyama Lane>And above all, thank you to the public, to the advocates who are here today, who are watching online, who keep showing up again and again.

2476
04:01:28.361 --> 04:01:30.593
<v Tiffany Koyama Lane>I read every single one of your emails.

2477
04:01:31.349 --> 04:01:33.853
<v Tiffany Koyama Lane>This is a long and difficult process.

2478
04:01:35.025 --> 04:01:50.155
<v Tiffany Koyama Lane>And, you know, we just talked earlier about how an ideal relationship between our body and the administrative side is one where we can share our expectations and they're heard and we don't necessarily have to have them written down.

2479
04:01:50.747 --> 04:01:55.334
<v Tiffany Koyama Lane>And so I'd like to repeat what I had said last week and said earlier.

2480
04:01:55.511 --> 04:01:57.146
<v Tiffany Koyama Lane>I see this as a trust exercise.

2481
04:01:57.259 --> 04:02:06.976
<v Tiffany Koyama Lane>I'm trying to say on the record, I did not bring this as an amendment about, you know, I think we need to hear on the record what are the next steps after today.

2482
04:02:07.056 --> 04:02:07.361
<v Keelan McClymont>Thank you.

2483
04:02:08.308 --> 04:02:16.370
<v Tiffany Koyama Lane>And so I gave Council President and Donnie Oliveira a heads up that I would ask a couple questions and ask for these answers to be on the record.

2484
04:02:16.691 --> 04:02:20.850
<v Tiffany Koyama Lane>My first one is, what can Portlanders expect after today?

2485
04:02:21.958 --> 04:02:26.744
<v Tiffany Koyama Lane>How can Portlanders expect to get negotiation updates?

2486
04:02:26.791 --> 04:02:31.850
<v Tiffany Koyama Lane>Because what I really hope is not the case now is that all of this is just— none of it's in the public eye.

2487
04:02:32.413 --> 04:02:34.709
<v Tiffany Koyama Lane>Because not only is transparency the right thing to do, Right.

2488
04:02:35.287 --> 04:02:37.825
<v Tiffany Koyama Lane>Or, you know, without it, we're going to erode public trust.

2489
04:02:37.872 --> 04:02:46.643
<v Tiffany Koyama Lane>But also, and I hope our negotiation team hears this, I think the strength of our Portlanders is our biggest leverage in negotiating this deal.

2490
04:02:46.932 --> 04:02:58.786
<v Tiffany Koyama Lane>And the public opinion and public pressure and engagement is our best leverage for making sure we get a really good deal for Portlanders, to make sure that we have strong labor protections, to make sure that, that this is a good deal.

2491
04:02:59.075 --> 04:03:02.224
<v Tiffany Koyama Lane>So I think it's in our strategic best interest to be as transparent as possible.

2492
04:03:02.352 --> 04:03:10.442
<v Donnie Oliveira>Can you share thank you for the question, councilor.

2493
04:03:10.587 --> 04:03:11.701
<v Donnie Oliveira>Donnie Oliveira, for the record.

2494
04:03:12.799 --> 04:03:21.977
<v Donnie Oliveira>So I'll start by saying this with a significant caveat that the Joint Authority and the membership of that body will have an oversight role of a lot of the details related to the renovation.

2495
04:03:22.186 --> 04:03:24.920
<v Donnie Oliveira>So just acknowledging that they're going to have a functional role in this.

2496
04:03:25.712 --> 04:03:37.370
<v Donnie Oliveira>But I think what's a fair and reasonable expectation for the next 4 months as we sprint towards December would be that, as the council president alluded to, a couple of work sessions that we have can daylight where we're at in the process.

2497
04:03:38.301 --> 04:03:54.567
<v Donnie Oliveira>But on a more positive note, and I hope we can get there with the Blazers, and there's a lot of, there's a lot of hopes doing a heavy lift right there in this comment, that we'd be able to share with you all, the public, the, the renderings, the ideas behind the renovation, kind of do a more detailed analysis of what we can expect.

2498
04:03:54.761 --> 04:03:55.323
<v Steve Novick>Okay.

2499
04:03:55.548 --> 04:04:10.708
<v Donnie Oliveira>Under normal considerations and circumstances, That would be a part of this deal where we would be walking through with you all and the public the really cool features that the new arena will have, the amenities, but more functionally how the arena is going to work for the community.

2500
04:04:11.688 --> 04:04:12.475
<v Donnie Oliveira>That's our expectation.

2501
04:04:12.747 --> 04:04:13.904
<v Donnie Oliveira>We'll continue to push for that.

2502
04:04:14.337 --> 04:04:24.039
<v Donnie Oliveira>And it's pretty normal under these normal arena-type deals to have the team work with us to share information to the public about what the public's getting for their dollars.

2503
04:04:24.086 --> 04:04:24.215
<v Dan Ryan>Thank you.

2504
04:04:25.209 --> 04:04:31.020
<v Donnie Oliveira>So we have some dates already scheduled tentatively for work sessions, and hopefully with the Blazers at the table, we'll be able to schedule those.

2505
04:04:31.677 --> 04:04:32.850
<v Donnie Oliveira>I'm using the word design charrette.

2506
04:04:32.897 --> 04:04:37.327
<v Donnie Oliveira>That's more of a planning speak, but opportunities for the community to see what comes to the table.

2507
04:04:37.777 --> 04:04:48.337
<v Donnie Oliveira>As far as the specifics of the negotiations, we'll work with the joint authority on briefings back to you all publicly, and we'll continue to have executive sessions where we can share details about where things are at.

2508
04:04:48.707 --> 04:04:50.135
<v Donnie Oliveira>As you can imagine, they'll be very fluid.

2509
04:04:52.184 --> 04:04:59.978
<v Jamie Dunphy>And if I could jump in and add, I've been working with the Bureau of Technology Services and the administration on updating the city's website on the future of the Moda Center.

2510
04:05:00.028 --> 04:05:01.394
<v Jamie Dunphy>The website is portland.gov/venues/moda-center.

2511
04:05:05.440 --> 04:05:14.800
<v Jamie Dunphy>This is a place that we will continue to update with any concrete information, including materials from work sessions and future things that we have to try and keep the public as going as long as possible.

2512
04:05:14.882 --> 04:05:15.795
<v Jamie Dunphy>And I will do my best to keep you updated on that.

2513
04:05:15.861 --> 04:05:16.010
<v Sameer Kanal>Thank you.

2514
04:05:16.180 --> 04:05:21.154
<v Jamie Dunphy>I will do my best to keep councilors and the public informed of every step that anything that lands on my desk.

2515
04:05:25.372 --> 04:05:25.728
<v Keelan McClymont>Thank you.

2516
04:05:27.637 --> 04:05:29.772
<v Tiffany Koyama Lane>This is going to come back before us.

2517
04:05:29.981 --> 04:05:35.760
<v Tiffany Koyama Lane>I am not sure if we know the exact date, but it'll either be December, sounds like 9th, 10th, 16th, 17th.

2518
04:05:36.452 --> 04:05:56.161
<v Tiffany Koyama Lane>Can I get— can the public get a commitment from Council President, from the mayor, from Mr. Oliveira Do you feel comfortable saying that you will try to come back to us within— give us at least 30 days and to review what you're going to ask us to vote on so we can make sure that we're doing our due diligence?

2519
04:05:56.546 --> 04:06:00.695
<v Tiffany Koyama Lane>I have— I do understand that oftentimes negotiations led up to a certain deadline.

2520
04:06:00.808 --> 04:06:01.754
<v Tiffany Koyama Lane>That's also a tactic.

2521
04:06:01.834 --> 04:06:02.987
<v Tiffany Koyama Lane>I've been part of negotiations.

2522
04:06:03.275 --> 04:06:06.850
<v Tiffany Koyama Lane>You can also say there's a different deadline and it's 30 days before we have to vote on it.

2523
04:06:07.699 --> 04:06:09.029
<v Tiffany Koyama Lane>Can you explain your intentions?

2524
04:06:09.093 --> 04:06:09.316
<v Olivia Clark>Thank you.

2525
04:06:10.584 --> 04:06:12.875
<v Tiffany Koyama Lane>And if you can commit to trying to do that.

2526
04:06:14.450 --> 04:06:19.168
<v Donnie Oliveira>For our part, Councilor, absolutely we can commit to doing that with, with a couple of just acknowledgments.

2527
04:06:19.540 --> 04:06:24.547
<v Donnie Oliveira>Um, the county still took— they took significant action last week, which we really appreciate.

2528
04:06:25.093 --> 04:06:29.868
<v Donnie Oliveira>They're going to have to come back to finalize their financing plan, so they're asking for similar timelines.

2529
04:06:29.915 --> 04:06:35.647
<v Donnie Oliveira>So everybody's asking, which I think is reasonable, uh, enough time to review these documents before taking final votes.

2530
04:06:36.233 --> 04:06:47.755
<v Donnie Oliveira>I will just also acknowledge that something we've been thinking about independent of, of this is the timeline to go from today to definitive documents is, is really challenging.

2531
04:06:48.189 --> 04:06:53.132
<v Donnie Oliveira>And that's assuming, by the way, that we have an active partner working with us to get things to the finish line.

2532
04:06:54.063 --> 04:06:57.305
<v Donnie Oliveira>If we have a lot of resistance still, we're just going to be pushing up against it.

2533
04:06:57.882 --> 04:07:16.281
<v Donnie Oliveira>But to your, your point and to your, um, your request, it would be To the benefit of everybody to have definitive documents in your, you know, even if they're 80%, I mean, something to use you can start reviewing because it's going to be a lot of documentation, multiple agreements, everything from the lease agreement to the relocation agreement.

2534
04:07:16.602 --> 04:07:20.537
<v Donnie Oliveira>We're talking about development rights, um, a lot of, a lot to review.

2535
04:07:20.713 --> 04:07:25.804
<v Donnie Oliveira>So yes, the sooner we can get in front of your eyes that you can start reading to get up to speed, the better for everybody.

2536
04:07:28.327 --> 04:07:44.819
<v Jamie Dunphy>And I will say that I will not rush anything to this council that if we do not have adequate information in a timely manner, I will not— even recognizing that we are running out of council sessions between the end of the calendar year, I will not rush something simply because of the deadline.

2537
04:07:44.869 --> 04:07:47.444
<v Jamie Dunphy>I will not be coming to you with a request for a 9/12 situm.

2538
04:07:47.766 --> 04:07:48.796
<v Jamie Dunphy>I will not be doing that.

2539
04:07:49.664 --> 04:07:51.963
<v Jamie Dunphy>I will do what we can for regular order and process.

2540
04:07:52.028 --> 04:07:53.828
<v Angelita Morillo>But we have limits for the state bonding.

2541
04:07:55.243 --> 04:08:01.539
<v Angelita Morillo>So the idea that there isn't a deadline is not true, which is why the amendment should have passed.

2542
04:08:04.349 --> 04:08:05.025
<v Keelan McClymont>So—.

2543
04:08:05.172 --> 04:08:13.983
<v Tiffany Koyama Lane>So because I do respect the work that has gone into improving this term sheet, it's in a much better place than it was when I first saw it.

2544
04:08:14.340 --> 04:08:26.700
<v Tiffany Koyama Lane>And because I respect Council President's leadership throughout this very hard process, I do feel like I owe the process and my constituents my honesty and a clear explanation about where I stand.

2545
04:08:27.610 --> 04:08:28.943
<v Tiffany Koyama Lane>My colleagues won't be surprised.

2546
04:08:29.009 --> 04:08:31.774
<v Tiffany Koyama Lane>I've been very consistent about what I need to see in this deal.

2547
04:08:32.531 --> 04:08:36.922
<v Tiffany Koyama Lane>I don't think it's fair to the people who elected me or to this process to move away from that now.

2548
04:08:38.466 --> 04:08:45.897
<v Tiffany Koyama Lane>And so at this point, I cannot support this term sheet without a firm commitment of funds from Mr. Dundon and his team as part of the capital stack.

2549
04:08:46.778 --> 04:08:50.302
<v Tiffany Koyama Lane>As it stands, we don't know if ownership will contribute.

2550
04:08:50.656 --> 04:08:51.568
<v Tiffany Koyama Lane>If so, how much?

2551
04:08:51.906 --> 04:08:56.858
<v Tiffany Koyama Lane>And so voting on a term sheet with that kind of open question isn't something that I can do in good faith.

2552
04:08:57.754 --> 04:09:05.158
<v Tiffany Koyama Lane>And at the same time, I see the hours and hours that have gone into this, the late nights, the back and forth, the arguments, the uncomfortable conversations.

2553
04:09:05.287 --> 04:09:10.862
<v Tiffany Koyama Lane>And there's been a lot of effort to look for places where there has been some common ground, and I do respect that work.

2554
04:09:11.216 --> 04:09:11.729
<v Angelita Morillo>Full stop.

2555
04:09:12.853 --> 04:09:22.183
<v Tiffany Koyama Lane>So to be very clear, this sheet has improved greatly, and I suspect that many of my colleagues who I have respect for will vote for this.

2556
04:09:23.099 --> 04:09:29.474
<v Tiffany Koyama Lane>I don't think that their yes vote today, if that happens, means that they care about their constituents any less than I do.

2557
04:09:30.582 --> 04:09:35.688
<v Tiffany Koyama Lane>I hold the belief that I can vote differently from some of my colleagues on this topic, and honestly, on other topics.

2558
04:09:36.120 --> 04:09:38.867
<v Tiffany Koyama Lane>We can debate things and disagree, and I can still hold respect for you.

2559
04:09:39.638 --> 04:09:43.652
<v Tiffany Koyama Lane>My vote is about where the term sheet is right now, what it actually commits to.

2560
04:09:44.936 --> 04:09:46.799
<v Tiffany Koyama Lane>On paper, it's a starting point.

2561
04:09:47.103 --> 04:09:59.130
<v Tiffany Koyama Lane>If a version of this agreement returns to the body at least 30 days in advance of the final vote, and there's a clear commitment from the owner's side to add to the capital stack, I would be interested in reconsidering my support.

2562
04:09:59.468 --> 04:10:01.411
<v Tiffany Koyama Lane>But I want to explain why I'm voting no today.

2563
04:10:01.716 --> 04:10:02.037
<v Keelan McClymont>Thank you.

2564
04:10:02.518 --> 04:10:03.626
<v Jamie Dunphy>Thank you, Councilor Koyama Lane.

2565
04:10:07.164 --> 04:10:08.148
<v Dan Ryan>Thank you, Council President.

2566
04:10:09.182 --> 04:10:13.364
<v Dan Ryan>I said a lot earlier, so I'll be brief, and it's well past lunchtime.

2567
04:10:14.430 --> 04:10:18.888
<v Dan Ryan>Um, that was funny earlier, what you did, Councilor Koyama Lane, scared me.

2568
04:10:19.597 --> 04:10:25.548
<v Dan Ryan>Um, you know, the Portland Trail Blazers, I think you all know, have been our only major league franchise.

2569
04:10:25.676 --> 04:10:27.653
<v Dan Ryan>I mean, define major league by Google.

2570
04:10:28.074 --> 04:10:31.852
<v Dan Ryan>Um, NBA, NFL, MLB, NHL.

2571
04:10:32.478 --> 04:10:35.659
<v Dan Ryan>That was football, baseball, hockey since 1970.

2572
04:10:36.334 --> 04:10:38.149
<v Dan Ryan>That's 56 years.

2573
04:10:39.146 --> 04:10:39.177
<v Olivia Clark>Wow.

2574
04:10:40.271 --> 04:10:46.183
<v Dan Ryan>In a private conversation, I'll have a dialogue with Councilor Novick about the vast differences between Seattle and Portland.

2575
04:10:47.645 --> 04:10:49.412
<v Dan Ryan>They have, they have 3 and they're going to get a 4th.

2576
04:10:50.472 --> 04:10:52.978
<v Dan Ryan>They have, um, 10 Fortune 500 companies.

2577
04:10:53.042 --> 04:10:53.574
<v Dan Ryan>We have 1.

2578
04:10:54.970 --> 04:10:56.851
<v Dan Ryan>But we are in the middle of the pack, like you said.

2579
04:10:56.979 --> 04:10:57.075
<v Dan Ryan>Why?

2580
04:10:58.134 --> 04:11:04.870
<v Dan Ryan>Because of our passionate fan base, that same fan base that keeps stopping me everywhere I'm walking, unless I'm in City Hall, of course.

2581
04:11:05.466 --> 04:11:10.105
<v Dan Ryan>But when I'm walking around town, they're just coming out of the woodwork like, you got to get this done.

2582
04:11:11.909 --> 04:11:17.577
<v Dan Ryan>Today we are guiding the negotiating team with guidelines that allows us to win.

2583
04:11:19.389 --> 04:11:22.809
<v Dan Ryan>The state, the county, and the city are aligned with passing this today.

2584
04:11:22.876 --> 04:11:22.974
<v Jamie Dunphy>Thank you.

2585
04:11:24.271 --> 04:11:26.833
<v Dan Ryan>It's really time for these negotiations to begin.

2586
04:11:29.540 --> 04:11:30.888
<v Dan Ryan>Tom Dundon, you bought a team.

2587
04:11:31.326 --> 04:11:34.299
<v Dan Ryan>It's located in Portland, Oregon.

2588
04:11:35.685 --> 04:11:45.679
<v Dan Ryan>It's time to take that seriously and show up because we need jobs, jobs, jobs.

2589
04:11:46.834 --> 04:11:49.337
<v Dan Ryan>We need to take Macroeconomics 101 seriously.

2590
04:11:50.415 --> 04:11:57.228
<v Dan Ryan>If we want revenue in our general fund, there's not one scenario where having the Blazers leave will help that.

2591
04:11:57.536 --> 04:11:59.569
<v Dan Ryan>So we'll be seeing bigger deficits.

2592
04:12:02.360 --> 04:12:05.531
<v Dan Ryan>And it's for you fans, the most loyal and passionate in the NBA.

2593
04:12:06.243 --> 04:12:13.751
<v Dan Ryan>I'm really proud that we're going to vote— I'm going to vote yes on this today, and I think we have a majority to do that so that the negotiations can begin.

2594
04:12:14.432 --> 04:12:14.691
<v Dan Ryan>Thanks.

2595
04:12:15.322 --> 04:12:16.034
<v Jamie Dunphy>Thank you, Councilor Ryan.

2596
04:12:16.468 --> 04:12:17.066
<v Jamie Dunphy>Councilor Knoll.

2597
04:12:19.120 --> 04:12:20.173
<v Sameer Kanal>Thank you, Council President.

2598
04:12:20.479 --> 04:12:21.774
<v Sameer Kanal>Um, this is a hard vote.

2599
04:12:23.180 --> 04:12:24.775
<v Sameer Kanal>Do I like the way that this process has gone?

2600
04:12:24.824 --> 04:12:25.049
<v Sameer Kanal>No.

2601
04:12:25.549 --> 04:12:28.743
<v Sameer Kanal>Do I like the way the engagement has occurred between the team and the city?

2602
04:12:29.177 --> 04:12:29.404
<v Sameer Kanal>No.

2603
04:12:29.838 --> 04:12:30.807
<v Sameer Kanal>Or the city and the public?

2604
04:12:31.424 --> 04:12:31.521
<v Sameer Kanal>No.

2605
04:12:31.712 --> 04:12:34.219
<v Sameer Kanal>Am I happy with the information I've received leading up to this vote?

2606
04:12:34.347 --> 04:12:34.926
<v Sameer Kanal>Absolutely not.

2607
04:12:35.809 --> 04:12:55.382
<v Sameer Kanal>On the other hand, there's been good language in this proposal for a while around labor peace, around activation, around relocation penalties, and around I've been told, not by colleagues who are engaging with this from their own perspectives, and I believe that, but by a handful of folks outside of the building, that we should vote no on this essentially out of spite for the team owner.

2608
04:12:56.201 --> 04:12:58.162
<v Sameer Kanal>I don't build public policy around spite.

2609
04:12:58.227 --> 04:12:59.077
<v Sameer Kanal>I base it on goals.

2610
04:12:59.271 --> 04:13:05.772
<v Sameer Kanal>I've also been told outside that we should vote yes on this because it will send the message about Portland being open for business even if the deal isn't good.

2611
04:13:05.951 --> 04:13:07.797
<v Sameer Kanal>I don't build public policy like that either.

2612
04:13:07.845 --> 04:13:08.058
<v Sameer Kanal>Thank you, Mayor.

2613
04:13:08.265 --> 04:13:08.522
<v Sameer Kanal>Either.

2614
04:13:09.388 --> 04:13:11.135
<v Sameer Kanal>We've all been told hyperbolic things.

2615
04:13:12.032 --> 04:13:14.773
<v Sameer Kanal>I don't think this term sheet is the best deal in sports arena history.

2616
04:13:14.837 --> 04:13:16.938
<v Sameer Kanal>I don't think it's the worst in the history of the world either.

2617
04:13:17.979 --> 04:13:22.275
<v Sameer Kanal>I was told by elected officials in other cities, as has been pointed out, that our deal was way better than theirs.

2618
04:13:22.451 --> 04:13:23.911
<v Sameer Kanal>But that doesn't mean it's good.

2619
04:13:24.006 --> 04:13:25.881
<v Sameer Kanal>It just means that it might be less bad.

2620
04:13:26.956 --> 04:13:37.521
<v Sameer Kanal>Perhaps most hyperbolic was the comment earlier today that Portland's negotiated terms stand out as an incredible deal, incredibly responsible, and protective document of the public trust, end quote.

2621
04:13:38.194 --> 04:13:39.605
<v Sameer Kanal>No part of that is true.

2622
04:13:39.959 --> 04:13:41.226
<v Sameer Kanal>It's not an incredible deal.

2623
04:13:41.273 --> 04:13:42.717
<v Sameer Kanal>It's not responsible and protective.

2624
04:13:42.974 --> 04:13:45.362
<v Sameer Kanal>I don't think anyone here thinks it's good for public trust.

2625
04:13:45.716 --> 04:13:49.565
<v Sameer Kanal>Most of all, it's not even negotiated terms, at least not yet.

2626
04:13:50.351 --> 04:13:55.257
<v Sameer Kanal>So I've been going back and forth on this as has gone forward, as the amendments have gone forward last week and today.

2627
04:13:56.299 --> 04:14:08.192
<v Sameer Kanal>Because of the amendments that came forward with Council President Dunphy, Councilor Ryan, Councilor Pirtle-Guiney, and I based on Last week's amendments proposed by Councilors Avalos, Murillo, Green, Novick, and I, I'm comfortable on a non-binding proposal with voting yes today.

2628
04:14:09.659 --> 04:14:13.147
<v Sameer Kanal>That's in spite of the problems that we must solve between now and December.

2629
04:14:13.950 --> 04:14:25.628
<v Sameer Kanal>And what ultimately leaned me, 51-49, towards a yes vote has been the knowledge that this is a step on a long process, not the final vote, and that a vote yes is not to lock in anything, but to continue this conversation.

2630
04:14:26.811 --> 04:14:34.503
<v Sameer Kanal>My vote today is a vote to not shut a door on negotiations, Just to get to a place where there is a proposal for a legally binding deal that we can consider.

2631
04:14:34.744 --> 04:14:34.888
<v Dan Ryan>Okay.

2632
04:14:35.450 --> 04:14:39.545
<v Sameer Kanal>I believe that if council doesn't pass a term sheet today, negotiations are done, and I want to explain why.

2633
04:14:40.507 --> 04:14:51.362
<v Sameer Kanal>If council doesn't pass a term sheet today, I don't believe that the executive branch is going to start this whole process over and initiate a better process that will get us a better deal than what is in the term sheet before us right now.

2634
04:14:52.068 --> 04:14:56.263
<v Sameer Kanal>I don't see a way to get 7 votes to initiate a better deal process should this fail.

2635
04:14:57.377 --> 04:15:03.961
<v Sameer Kanal>And so as a result, I've approached this to try and pursue making the term sheet better, and ideally not just better but good.

2636
04:15:04.559 --> 04:15:11.191
<v Sameer Kanal>And I think that, that we've achieved a lot in the amendments so far, with some yet to do, and I, I appreciate everyone's points on that.

2637
04:15:11.885 --> 04:15:14.111
<v Sameer Kanal>Now, that doesn't mean that passing this guarantees success.

2638
04:15:14.240 --> 04:15:15.950
<v Sameer Kanal>We obviously still need a negotiating partner.

2639
04:15:18.082 --> 04:15:19.390
<v Sameer Kanal>The Moda Center is in my district.

2640
04:15:20.144 --> 04:15:35.788
<v Sameer Kanal>It's critical to the vibrancy of District I've mentioned several times its proximity to other notable locations in the district, like Lloyd Center, like the Convention Center, like the Louisa Flowers Building.

2641
04:15:36.605 --> 04:15:44.835
<v Sameer Kanal>And I've noted that in the testimony and in the, the other data we have, my district has consistently shown a higher level of support than some other districts have for this proposal.

2642
04:15:46.087 --> 04:15:47.370
<v Sameer Kanal>The city owns the Moda Center.

2643
04:15:48.237 --> 04:15:54.501
<v Sameer Kanal>As a democratic socialist, I believe in having and maintaining public assets, but doing it in a way that has public benefit.

2644
04:15:55.465 --> 04:16:01.262
<v Sameer Kanal>The Moda Center needs to be renovated, and it's the city's responsibility to do so in a way that has public benefit.

2645
04:16:02.370 --> 04:16:08.247
<v Sameer Kanal>And our duty as council is not just to exercise fiscal responsibility, but to exercise fiscal stewardship.

2646
04:16:08.327 --> 04:16:11.748
<v Sameer Kanal>And sometimes fiscal stewardship does mean spending and investing money.

2647
04:16:12.567 --> 04:16:23.375
<v Sameer Kanal>I believe this term sheet can start a process that theoretically can get Portlanders more than what we put in through parking and rent and tax offset payments and ticket user fees and community benefits.

2648
04:16:24.868 --> 04:16:28.448
<v Sameer Kanal>Now, having said all of that, I do want to get a couple forward-looking things on the record.

2649
04:16:29.844 --> 04:16:31.819
<v Sameer Kanal>The NBA has had a home here for 56 years.

2650
04:16:32.575 --> 04:16:41.957
<v Sameer Kanal>We've been a good market for the NBA with unparalleled support for a market our size, a 24-year-long sellout streak, high interest in ratings, everything that comprises Blazer Mania.

2651
04:16:42.521 --> 04:16:53.367
<v Sameer Kanal>I think it's clear that each member of the council has our own priorities and that collectively we have some differences around the city, but we are all committed to maintaining and continuing Blazer Mania indefinitely.

2652
04:16:53.495 --> 04:17:01.778
<v Sameer Kanal>And I believe that the NBA and the commissioner have always had and continue to have a strong partner in the city of Portland, and all we ask is your support for a fair process.

2653
04:17:03.610 --> 04:17:06.894
<v Sameer Kanal>The Portland Trail Blazers are hopefully going to be our primary tenant and a business partner.

2654
04:17:06.975 --> 04:17:08.363
<v Sameer Kanal>What Councilor Novick said earlier is true.

2655
04:17:09.273 --> 04:17:14.283
<v Sameer Kanal>It's reasonable to say that nobody would sign a lease if it would make them lose money, whether landlord or tenant.

2656
04:17:15.135 --> 04:17:19.052
<v Sameer Kanal>But as many of the longtime staff know, there's no crowd in the NBA like this one when it's packed.

2657
04:17:19.550 --> 04:17:23.179
<v Sameer Kanal>There's a reason that former Blazers of all stripes live here after their careers end.

2658
04:17:24.030 --> 04:17:30.597
<v Sameer Kanal>There's a reason that players like Maurice Lucas and Steve Blake and Damian Lillard come back even during their playing careers.

2659
04:17:30.950 --> 04:17:33.712
<v Sameer Kanal>This is a unique market and it's a unique city, and those are good things.

2660
04:17:33.761 --> 04:17:33.856
<v Candace Avalos>Thank you.

2661
04:17:34.947 --> 04:17:40.747
<v Sameer Kanal>Obviously, every city's got work to do, but the city of Portland is an amazing place to be, and I hope that we can build a future together.

2662
04:17:41.532 --> 04:17:48.680
<v Sameer Kanal>And to the city's executive branch, the next time we vote on this as a council, our vote will not be non-binding, and so the standard will be higher.

2663
04:17:48.984 --> 04:17:49.914
<v Sameer Kanal>It will be legally binding.

2664
04:17:50.570 --> 04:17:59.977
<v Sameer Kanal>I ask you not to count me out nor to count me in, but to understand, like my colleagues, my vote is available if there's a good deal and is not available if there is a bad one.

2665
04:18:00.024 --> 04:18:03.810
<v Sameer Kanal>Councilmember And what you provide to us is what determines what it will be.

2666
04:18:04.997 --> 04:18:06.505
<v Sameer Kanal>It needs to be a complete proposal.

2667
04:18:06.956 --> 04:18:08.078
<v Sameer Kanal>No more blank exhibits.

2668
04:18:08.769 --> 04:18:09.650
<v Sameer Kanal>No more trust us.

2669
04:18:10.292 --> 04:18:12.074
<v Sameer Kanal>No more renderings without spreadsheets.

2670
04:18:12.796 --> 04:18:15.234
<v Sameer Kanal>Negotiate for us, not against us.

2671
04:18:16.646 --> 04:18:25.887
<v Sameer Kanal>I remain committed to doing a renovation of this public asset that has strong community benefits, has a strong return on investment, and does not violate the will of the voters around PSAP.

2672
04:18:27.218 --> 04:18:31.939
<v Sameer Kanal>I don't want to cut money in the general fund if we can't find another funding source.

2673
04:18:32.034 --> 04:18:37.316
<v Sameer Kanal>I don't want to cut money from the Fire Bureau or break our promises around the parks levy to pay for this.

2674
04:18:37.748 --> 04:18:44.282
<v Sameer Kanal>And I think that Duane Hankins' response to my last question in the work session indicates that they don't want us to do so either.

2675
04:18:45.550 --> 04:18:49.739
<v Sameer Kanal>So my vote next time will be based on nothing other than the proposal you bring to us.

2676
04:18:50.190 --> 04:18:52.773
<v Sameer Kanal>So bring us a deal that meets those needs and I'll vote for it.

2677
04:18:52.837 --> 04:18:53.335
<v Dan Ryan>And if not, I'll vote no.

2678
04:18:53.384 --> 04:18:53.689
<v Raymond C. Lee>Councilmember Herbold.

2679
04:18:55.308 --> 04:18:58.740
<v Sameer Kanal>I am really tired of being asked to apologize for Portland.

2680
04:19:00.136 --> 04:19:04.945
<v Sameer Kanal>Every city has room for improvement, but we all ran for office because we love the city and it's a great place to be.

2681
04:19:05.827 --> 04:19:06.918
<v Sameer Kanal>I've lived other places.

2682
04:19:07.255 --> 04:19:16.620
<v Sameer Kanal>They're fine, I guess, but it's a privilege to be here, and I expect that everyone involved in this from every side remembers that from now until December.

2683
04:19:16.667 --> 04:19:35.283
<v Sameer Kanal>Because if you do, we'll be on our way to a deal that renovates a civic asset in District 2, locks in our oldest professional sports team for a generation to come, creates opportunities for community redevelopment greater than what we already have, protects the public dollar, gets a strong return on investment, honors the will of the voters, and rebuilds the public trust.

2684
04:19:35.685 --> 04:19:40.756
<v Sameer Kanal>And I remain optimistic about getting all of that because we can have nice things and Portland deserves them.

2685
04:19:41.427 --> 04:19:41.772
<v Sameer Kanal>Thank you.

2686
04:19:42.394 --> 04:19:43.211
<v Jamie Dunphy>Thank you, Councilor Kanal.

2687
04:19:45.430 --> 04:19:47.006
<v Jamie Dunphy>Colleagues, thank you for your work today.

2688
04:19:48.184 --> 04:19:54.077
<v Jamie Dunphy>Thank you for considering and approving the packages and for carefully discussing the amendments that were all brought before us as well.

2689
04:19:54.849 --> 04:19:58.975
<v Jamie Dunphy>Thank you for the guy outside for occasionally quieting down so that we could hear each other.

2690
04:20:00.050 --> 04:20:04.162
<v Jamie Dunphy>And indeed, the way that— thank you for everybody, the way that you contributed in your own way.

2691
04:20:05.189 --> 04:20:08.496
<v Jamie Dunphy>As I said at the top of this meeting, this is the city's opening proposal.

2692
04:20:09.557 --> 04:20:12.206
<v Jamie Dunphy>A very dense 3 months are ahead for our team.

2693
04:20:12.350 --> 04:20:12.478
<v Jamie Dunphy>Thank you.

2694
04:20:12.994 --> 04:20:16.344
<v Jamie Dunphy>And if our partners choose to engage, things will move quickly.

2695
04:20:17.424 --> 04:20:24.860
<v Jamie Dunphy>I look forward to continuing regular updates with council members, engaging in executive sessions, and updating the public with the best information available.

2696
04:20:26.451 --> 04:20:29.391
<v Jamie Dunphy>I believe that there were folks who were counting on us to fail today.

2697
04:20:30.915 --> 04:20:34.367
<v Jamie Dunphy>But this council and this new form of government can do hard things.

2698
04:20:35.355 --> 04:20:36.993
<v Jamie Dunphy>This work is supposed to be hard.

2699
04:20:37.381 --> 04:20:38.354
<v Jamie Dunphy>It's supposed to be messy.

2700
04:20:39.085 --> 04:20:42.203
<v Jamie Dunphy>This is the process of fighting for our city.

2701
04:20:43.109 --> 04:20:44.627
<v Jamie Dunphy>Because Portland is an incredible city.

2702
04:20:45.306 --> 04:20:46.532
<v Jamie Dunphy>We are culturally vibrant.

2703
04:20:46.597 --> 04:20:52.679
<v Jamie Dunphy>We have the best audiences in the country, not just at the Blazers games, but in every venue in town.

2704
04:20:53.417 --> 04:20:57.740
<v Jamie Dunphy>Our incredible natural beauty provides the backdrop for the best quality of life in the nation.

2705
04:20:57.997 --> 04:21:01.441
<v Jamie Dunphy>And we are serious about getting things done.

2706
04:21:03.065 --> 04:21:04.882
<v Jamie Dunphy>This city is a value proposition.

2707
04:21:05.493 --> 04:21:07.147
<v Jamie Dunphy>It's also a place with values.

2708
04:21:07.740 --> 04:21:07.949
<v Jamie Dunphy>Both.

2709
04:21:08.703 --> 04:21:10.358
<v Jamie Dunphy>We move forward from both.

2710
04:21:11.577 --> 04:21:16.492
<v Jamie Dunphy>I am certain that our greatest chapter is ahead of us, and I hope that the Blazers are a part of that future.

2711
04:21:17.134 --> 04:21:25.450
<v Jamie Dunphy>If they choose not to be, I have no question that our incredible city will still bloom, thrive, and make great places for cool stuff to happen.

2712
04:21:26.752 --> 04:21:33.704
<v Jamie Dunphy>This process has been unprecedented, and I am so grateful to all of our staff, that have helped to keep it— helped us to get to this place.

2713
04:21:34.299 --> 04:21:40.018
<v Jamie Dunphy>We're counting on you to keep going, to bring back a long-term lease agreement that this body can support.

2714
04:21:40.805 --> 04:21:45.592
<v Jamie Dunphy>And to my council colleagues, again, thank you for bringing your passion and your determination.

2715
04:21:46.265 --> 04:21:53.511
<v Jamie Dunphy>More than anything else, thank you for staying engaged and at the table with each other, even when it would have been far easier to walk away.

2716
04:21:54.555 --> 04:21:56.145
<v Jamie Dunphy>We have many challenges ahead of us.

2717
04:21:56.565 --> 04:22:02.049
<v Jamie Dunphy>And today I'm just a little bit more hopeful that this group has what it takes to get there together.

2718
04:22:02.649 --> 04:22:03.867
<v Jamie Dunphy>Keelan, can you please call the roll?

2719
04:22:07.530 --> 04:22:12.895
<v Keelan McClymont>This is the vote for document 2026-280 as amended.

2720
04:22:13.138 --> 04:22:13.718
<v Keelan McClymont>Koyama Lane?

2721
04:22:14.495 --> 04:22:14.656
<v Tiffany Koyama Lane>No.

2722
04:22:15.708 --> 04:22:16.097
<v Keelan McClymont>Morillo?

2723
04:22:16.454 --> 04:22:16.601
<v Angelita Morillo>No.

2724
04:22:17.429 --> 04:22:17.851
<v Keelan McClymont>Novick?

2725
04:22:18.224 --> 04:22:19.036
<v Steve Novick>It's been a great game.

2726
04:22:19.279 --> 04:22:20.122
<v Steve Novick>Both teams played hard.

2727
04:22:20.415 --> 04:22:20.448
<v Steve Novick>Aye.

2728
04:22:21.422 --> 04:22:21.763
<v Keelan McClymont>Clark?

2729
04:22:22.120 --> 04:22:22.152
<v Olivia Clark>Aye.

2730
04:22:26.712 --> 04:22:26.745
<v Dan Ryan>Aye.

2731
04:22:28.040 --> 04:22:28.185
<v Dan Ryan>No.

2732
04:22:28.753 --> 04:22:29.109
<v Eric Zimmerman>Yes.

2733
04:22:30.599 --> 04:22:30.744
<v Candace Avalos>No.

2734
04:22:33.190 --> 04:22:33.546
<v Loretta Smith>Yes.

2735
04:22:35.699 --> 04:22:35.747
<v Jamie Dunphy>Aye.

2736
04:22:37.558 --> 04:22:37.688
<v Elana Pirtle-Guiney>Aye.

2737
04:22:39.093 --> 04:22:39.143
<v Steve Novick>Aye.

2738
04:22:41.600 --> 04:22:41.647
<v Raymond C. Lee>Aye.

2739
04:22:42.504 --> 04:22:46.709
<v Keelan McClymont>The resolution as amended is adopted with a vote of 8 ayes and 4 nays.

2740
04:22:47.237 --> 04:22:48.293
<v Jamie Dunphy>Congratulations, colleagues.

2741
04:22:48.802 --> 04:22:51.099
<v Jamie Dunphy>This concludes all of our business before this body.

2742
04:22:51.596 --> 04:22:55.450
<v Jamie Dunphy>As such, the 2 o'clock scheduled meeting of the Portland City Council is canceled.

2743
04:22:55.932 --> 04:22:58.003
<v Jamie Dunphy>We are adjourned.