Rickelle Williams
speaker
4,130 appearances
52 recordings
2 series
first heard Oct 2023
last heard 10 Sep
Rickelle Williams’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 15 in all, peaking in Mar 2026 with 3.
Appearances
come from that.
Okay, great.
Thank you, Mayor.
At this time, I'd like to call forward Laura Reese, the director of the Office of Management and Budget, and she will kick off the workshop and will be joined by members of the Budget Advisory Board, particularly the chair, Bill Brown.
Thank you.
Yes, I want to make sure.
SO THE INTERIM AGREEMENT SPEAKS TO POTENTIAL EXPENSES FOR PRE-DEVELOPMENT WORK, WHICH COULD BE UP TO THAT $18 MILLION FIGURE.
ALSO SECTION 14 OF THE INTERIM AGREEMENT SPEAKS TO THE FINANCING OF THE PROJECT.
And so section 14 of the interim agreement speaks to project financing and how the developer would participate in the project in terms of equity and a rate of return.
Correct.
Correct.
If we move forward with the project, that's included in the interim agreement.
So for each month of the interim agreement, we anticipate that there will be costs incurred on the part of the developer which the city would be responsible for.
There are various termination provisions that speaks to what the city would be obligated to compensate the developer for throughout the term of the interim agreement up until that point if there were to be a pivot by the city during the term.
SO I THINK THAT THE UP TO NUMBER REALLY FOCUSES ON WHAT THE DEVELOPER IS GOING TO BE PRODUCING ON BEHALF OF THE CITY TO ADVANCE THE PROJECT FROM A PRE-DEVELOPMENT PERSPECTIVE, BUT THE OBLIGATION OF THE CITY WOULD BE DETERMINED BASED ON WHAT THE MILESTONES ARE AND WHAT TIMELINE WE'RE ON
DURING THE TERM OF THE INTERIM AGREEMENT.
IF I MAY, AT THIS MOMENT THE PROJECT CONTEMPLATES THE DEVELOPER PARTICIPATING WITH SUBCONSULTANTS, THE CONTRACTOR, THE ARCHITECT AND SO FORTH.
THE WAY THAT THE DEAL IS CRAFTED TODAY INCORPORATES DEVELOPER EQUITY WHICH
BASED ON THE WAY THAT THE DEAL HAS BEEN CONSTRUCTED, IN MY OPINION, WOULD NOT BE ON THE MENU OF OPTIONS FOR THE CITY TO DEVIATE FROM BASED ON WHAT'S IN THE INTERIM AGREEMENT.
NO.
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