 But go ahead and call the meeting in order because we are streaming to the outside. I'm sorry We're we're gonna use we're gonna use the laptop and and use that as our audio. So We are streaming Sorry the codes work for that so they did do that they hired Scott Matula of Aspire Architects to Look at that. They've provided us two Letters the first one was related to the building codes and the second one was related to HVAC Pat Irick the building inspector for the south side has reviewed all of that and is an agreement with what the architect presented in that There is no issues from an HVAC or a building code standpoint as it relates to 29 days or more so the building inspection department is Interest able and willing and interested in moving forward and they don't see any concerns with it So I think at this stage the discussion is you know, is the committee on board with moving forward I will say that I believe they have Contracted an outside party to help with their management and have been kind of operating Independent of the resort But this will help them with moving forward in the future So at this stage staff has nothing really further of concern and we are recommending approving Dave gas you had a comment We're no worse often we are right now I mean, this is a chance to maybe see some development going on at least you got people Have a history of of taking properties and doing something with them Otherwise the current people are still a lot of things So I think we've everything to gain and nothing to lose by doing this Is there anybody else in the line up to take over this property and develop it? I doubt it Well, it's like it but they got to get an assignment of the lease if they don't they tactically Don't have a right to be on the property. So they have this building they bought that's not someone else's property I mean, I can't imagine they buy the building without getting So the assignment was the afterthought after they bought the building Well, as we know with a lot of these self-care properties is people don't always remember That you have to get these assignments done before you buy the building You know, we had that, you know last last meeting with the Maximus group and it's happened on numerous occasions before People just because this is such a weird arrangement where you have these long-term leases. It's that's not that people don't always The fact that oh when you want the building Okay, somebody want to put that in a motion I Move we transfer the lease a soxie moved there a second That can buy dance the There were a total of three documents attached. We're only asking the RDA to approve two of them That's the assignment of rents and the landlord's a stopper search That can be part of the motion the assignment and rents of the rents and the a stopper But if I could just I mean, I don't know but that really doesn't make any sense If you don't assign the rents early lease I mean, what's the what are the rents applied? I mean, or is this another is there a lease between a between a real estate entity and an operating entity for this So maybe maybe I should be a little bit more clear the third the third document that's That's attached is a support nation non disturbance agreement and there's there's some issues with that which they're not able to fix No, that's can be dealt with down the road. We're comfortable moving forward with that document and not approved by the RDA at this point So I think that the lease is being assigned and the two documents that are that were specifically asking the RDA to approve are the assignment of rents and No landlords to stop a certificate and as as Chad I think mentioned earlier Thanks part of this relates to them putting all their ducks in a row for their permanent financing but Thomas what we want to make sure that This lease gets assigned so that we make sure our ducks that are in a row We don't end up like we have another situation we have people on property who are Using a previous Well, we would that we would approve the assignment of lease we just want to be approving the third document, which is the subordination So there's in this in this I in this item There's three doc there's three documents attached for the approval the assignment of lease or rents The estoppel of the landlord and the subordination the bank has asked us not to Approve the subordination yet because there's some challenges with it and they're gonna come back at a later date But we're still gonna sign the lease and have that you guys prove the estoppel So two of the three documents that is correct. I do not know at this stage Something that before we know widely taken assignment. I'm in favor of these guys Let me let me let me just let me just cut in Dave and say we do have an idea But it's not something I want to discuss in open session at this stage because they're still in the formulation stage And we're on an open meeting What's the sense of urgency for this? We gotta have another meeting next week. Do we not? Two weeks we have another meeting on the 28th Can we put a closed session in that two weeks on the 28th and then bring this topic? I Guess I'm I could reach out to them and try to get more information and see where they're where they're headed Does anybody have a different opinion? I don't talk Chuck isn't on but he was the one Corresponding with Denmark State Bank, and I don't know if there's a timeliness factor to this or not. So Thomas did Chuck say anything on that? Don't know if there's a time horizon that they're working on I Would assume that if the bank is still working on support nation, it's not quite imminent Okay, what do we have to do to act on this put it to? table it until Table it until next the next meeting. So we have a motion on the floor to approve it So either we need to deny that motion withdraw that motion and move into hold or do something with that motion Let's draw the motion David you're muted Chad you recommend we do this with what you know I Think so I would I would say the project will be a good one It's just that it's in the early stages, and I would suggest we believe the motions so it doesn't get followed up Okay So the motion on the floor is to approve the assignment of lease and What's the second document Thomas? Is the landlord's the stopper certificate the landlord is stopper certificate Okay, ocean on the floor is to approve those two documents All those in favor say aye So is it did it so let's do let's do a roll call Dave gas Dave Soxie Amy Horst Roberta Flicky Pineski Steve Harrison James Owen Encourage them to be loser we lost Charter internet is not doing well today. Anyway, go ahead Thank you, sorry everybody that's fine All right discussion and possible action on landlord release and Regarding 528 530 South Pier, I just got a text from Amy and her computer So this So these are the ones we talked about last week these are the Two properties on South Pier the last time we met This was a set another document that the Usberg State Bank is requiring To basically release Rights and consent and I don't know if Thomas knows a little bit more about these document this document But it's a separate document that they should have they needed us to assign the leases to and then the bank Is looking for sign off on the RDA of that so that's why this document has come in independent of the other documents So I guess this happens after the It's the it's the it's the red building on South Pier where the Islander cafe used to be in the rock shop is in and the three shops shanty were bridal essence used to be in the Honeyhole is in so those are we proved assignment of lease to Maximus last week last time we met and This is a third document that the bank is requiring prior to closing And they couldn't execute this document until the assignment of leases were in place That is correct That can fight a lot of your discussion First I Realize that this was record show the date gas abstain. Okay All those in favor say aye James so when we need a voice from you Bye All right cool issues Thank you for your here comes Amy again, Amy would you like to Would you like to finish your comment that you cut off? I was just gonna say And ask them if they could bring Some more for their information into closed session in the near future to maintain good working relationships with the RDA If you could relay that information We'll do Make sure that gets on the agenda for another meeting Okay, I think we have gone through the Chair will entertain a moat date gas first Yes, one. This is I believe this is my last meeting and I've been on this RDA for a while So it's been a fun ride And Horizons as they say Alright We'll see you again because you represent all the clients we work with Legal conversations have been Move to adjourn is there any objection hearing none we are adjourned and thank you again David guest for your years of service Thank you