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Ms. McDermott stated that she has not yet identified that person, but commented on a member of <br />their team who may transition from their current position to the manager for this business. She <br />commented that there will also be shift supervisors to ensure there is always a point person <br />available on staffing. She commented that she also carries a food manager and serve safe license <br />and could legally be the manager. <br /> <br />Economic Development Manager Sullivan provided additional information on LAHA and how <br />those funds can be used. <br /> <br />Member Stewart asked for a guarantee that these funds would continue to be received annually. <br /> <br />Economic Development Manager Sullivan stated that this program was created in 2023, with the <br />first allocation provided in 2024. He stated that the funding source is still in place, and an act of <br />the legislature would be needed to stop the program. He stated that it is a proven program, and if <br />it were to stop, they would probably be given notice to allow them to recalibrate. <br /> <br />Chairperson Wiyninger asked Members Stewart and Riley for their input on the work session <br />discussion the Council had on LAHA and whether this project would align with those goals. <br /> <br />Member Riley stated that, as discussed, this is a new program,and the Council was creating the <br />policy. He stated that the Council discussed how it best envisioned using the funds and decided <br />the funds would be best used fixing up individual homes to assist in the goal of affordable housing. <br />He commented that there was consensus not to contribute these funds towards apartment <br />complexes. He stated that the EDA has a good project in front of it and stated that while there was <br />direction from the Council not going in this way, that could also be reconsidered. <br />Economic Development Manager Sullivan stated that he believes that this is a good use of a <br />challenging site and fits the vision of The COR. He commented that this is a nonprofit, so likely <br />a majority of the property would not generate taxes. He stated that this would provide affordable <br />housing options in The COR and would be an eligible use of LAHA funds. He recognized the <br />discussion of the Council and believed that decision was made on a broader scale, not to support <br />large apartment complexes. He stated that the developer has experience in single-family projects, <br />and this would be a new venture, but Lennar is a national company with experience that is a partner <br />of the applicant. He noted that if the necessary funds are not raised, the project would not move <br />forward, but the site would be off the market for the remainder of the year while that is determined. <br />He commented that while there would be jobs created, it would be a minimal number. He stated <br />that, from his perspective, he believes that there is room to support this request and accomplish the <br />goals of the Council using LAHA, and recommended approval. <br />Member Hills thanked the applicant and her team for their presentation and the work they do, <br />noting a well-thought-out approach and plan. She recognized that LAHA is new,and so there are <br />still discussions and uncertainty. She asked if there would be a demand for the funds tobe used <br />for the home improvement items discussed by the City Council. She asked what would happen if <br />the fundraising goals exceeded the goal and whether the LAHA funds could then not be used or <br />repaid. <br /> <br />EconomicDevelopment Authority/June 11, 2026 <br />Page 6 of 11 <br /> <br />