A resolution approving a proposed Agreement between the City and County of Denver and SIXTEEN CAL LLC to provide goods and services to the public and other customers located at 1601 California Street. Approves a Business Incentive Fund (BIF) contract with 16 CAL, LLC for twenty years and for $4 million for the completion and operation of a strategic retail store on the 16th Street Mall at 1601 California Street in Council District 9 (OEDEV- 201733017-00). The last regularly scheduled Council meeting within the 30-day review period is on 3-20-17. The Committee approved filing this bill at its meeting on 2-15-17.
Thank you. Thank you, Councilman Lopez. And because we have a point of order here, we probably need to put one, 163 and 156 on the floor and vote them in a block. So is that correct? Okay. President Pro tem, please. Thank you, Mr. President. I move that resolution 163 be adopted and council Bill 156 be ordered published in a block. All right. Now, if there's still folks who want to speak, you can chime in all our time in right now because this is this happens to be in the fine District nine. And I happen to be one of the individuals working with Downtown Partnership and other leaders in the city to activate our mall. And I really respect my colleague, Councilwoman Kenney, each for her comments and Councilman Lopez for his well-stated comments. I just want to say that what is a business incentive fund for if we're not incentivizing businesses that will never locate in the downtown core to do right like this is this is the exact reason we want to do something like this. Target is a suburban model development business. They would never come down to to the urban core and make a development work without some complex financing. And so council mechanics is correct in that this is with the developer. We get to do an adaptive reuse project here, which is is very well supported by the community. And I encourage individuals to walk down 16th in California and see and walk past this area that is not activated. And we have a pretty good track record in Office of Economic Development in the city that when we invest public dollars, our return on private dollars is substantial. But it's not just about the dollars. It's about the connectivity. It's about the activation. And I believe that this is going to be an incredible opportunity. And I encourage our my colleagues to support this. And I encourage members of the public to go down and see where this location is. And to Councilman Lopez's point, I represent half of my district is a food desert. And I hope that this is a precedent that we are bringing. We're using public dollars to bring healthy food to communities in the future. So I just want to be on record saying that it's been moved and seconded both 156 and 163. Madam Secretary, roll call. And. Each name. Lopez. I knew. Black eye. Clark. Hi. Flynn. Hi. Gilmore. Cashman. Hi. Mr. President. I please close the voting and not the results. Sorry. I think there's one person missing. We've lost some council members up here. Here we go. Seven eyes, one knee. Okay. Seven eyes one. Nay, are you? Did you get my vote in there? It should be eight eyes. One nay. Okay, let's see. No, I did not. So, eight eyes, one nail. It will be corrected. Okay. Eight eyes, one nay. 153 has been ordered, published and one 5163 has been adopted. Is that correct? Yes, Madam Secretary. 156 sorry. Yup. Has been ordered published. 163 has been adopted. All right, Madam Secretary, we put the next item on the screen Council Bill 161. It's hard to find.