REMARKS
Council Member Brannan opens finance committee meeting and outlines agenda
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Council Member Justin Brannan opens the finance committee meeting, introduces attendees, and outlines the agenda for voting on a property tax exemption resolution and a transparency resolution. He explains the key points of each resolution and reminds council members about conflict of interest disclosures.
- Introduces Nick Connell as the new finance division counsel
- Describes the property tax exemption resolution for an affordable senior housing building
- Explains the transparency resolution and the requirement for council members to disclose conflicts of interest
- Reminds members to submit disclosure forms before voting on the transparency resolution
Justin Brannan
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Okay.
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Good morning, and welcome to today's finance committee meeting.
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I'm counsel member Braden.
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I have the privilege of chairing the committee on finance.
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We've been joined this morning by council members, Brewer, Farius Juan, Lewis Ayala Stevens, Jose, Hudson, Powers, Hanks, Carr, and Moia on Zoom.
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I also wanna welcome Nick Connell, who's gonna be the new finance division counsel.
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Today, the committee will be voting on 2 items, a property tax exemption resolution, and a transparency resolution.
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First, the property tax exemption resolution is a new partial 40 year article 11 for 1 affordable senior housing building and council member Cars District.
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As part of the exemption, the buildings will enter into an HPD regulatory agreement.
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Capping income limits at 50 percent AMI, and requiring completion of identified capital repairs.
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HPD's aging in place upgrades will also be implemented as part of the agreement.
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Next, the transparency resolution sets forth the new designation and changes in the designation of certain organizations receiving local aging and youth discretionary funding and funding pursuant to certain initiatives in the budget.
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As with all transparency resolutions, council members will have to sign a disclosure form indicating whether or not a conflict exists with any of the groups on the attached list.
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If a council member has a potential conflict of interest with any of the organizations, they have the opportunity to disclose the conflict at the time of their vote.
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As a reminder, please disclose any conflicts you may have with proposed subcontractor factors used by organizations sponsored by discretionary funding.
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These disclosures must be made before the subcontractors can be approved.
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Disclosure forms must be completed and submitted prior to the vote on the transparency resolution and may be emailed to Everton Smith, who is all so present in this room today, I think.
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Are there any comments or questions for my colleagues on today's items?
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We've also been joined by council member of Sanchez.
