City of Hudson, New York · Other / Committee · Transcript

Housing Trust Fund Board, Regular Meeting

Wednesday, November 12, 2025 · 35:38

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  1. 0:02and the executive director. Mhm. >> And can I have a motion to open the meeting? >> Make a motion. Seconded. All those in >> favor signifi. Signify by saying I. >> I. >> I. I. >> No. No. I'm sorry. I I >> unanimously. The meeting is now handed over to the executive director. >> Thanks. >> You're welcome. >> Um, it is so nice seeing everybody in person. >> Yeah. Hello. Um, so the planning board's meeting at 6:30. Um, and Teresa likes to set everything up, so we'll be out of here 6:10 the latest, I believe. Um, but our agenda is really just kind of discussion tonight. Um, we have a couple things to talk about with the budget and then um, I want to talk about there's a pro housing grant I want to discuss quickly um, next year kind of what next year will look like and then I think if anyone else has topics they want to bring up um, we can do that. So, first um,
  2. 1:02>> you want me to talk about the budget? No, >> not yet. Can we um, approve the August minutes? >> Oh, can I get a motion to approve the August minutes? >> I'll make that motion. I second it. >> All those in favor signify by saying I. I. >> I. I.................... Anyone opposed? No. >> Great. Okay. So, talking about the budget, I'm going to pass it back to you. >> So, we This has been a really rough budget. Um, we did not give the full amount that we had. We meaning the budget group BEA did not give us meaning us the money that we had asked for for Hudson Roots. Um what was the original ask? 45 >> 45. Last year we got 40. >> 40. >> Yeah. >> And we ended up giving 25 >> or 20 I think. >> 20 I can't even remember. It was debated back and forth. >> Yeah. >> Um there were others who were wanted to give nothing. Um, it's been a tough budget. Um, as you may have followed in
  3. 2:06some fashion, every department took cuts except the police. Well, let me rephrase that. Every department took cuts, including the police, but every department actually has is getting less than they got last year except police and the new parking um division. >> It was a very tough budget. Um, and there's not much more to say. I mean, it was hard to kind of hurt to cut things like that because we do so few social things anyway, you know, but it's it's a bare bones budget. revenues did not meet expectations last year for a number of things, including the total parking screw up, among others. The cannabis uh tax has not panned out to be what we hope it would be. >> Things like that. So, >> why what what's wrong with the C I mean,
  4. 3:08why is the >> You're not smoking enough weed, Rebecca. Actually, I was just hearing about California. In California, Governor Nuome just um agreed to reduce the tax amount to the to the sellers. Um because I guess accord this is what's happening in California according to NPR is that um >> street sales. >> Well, yeah, exactly. like cuz it's so much more expensive in the shops >> that people are just buying from other people >> instead. And so there's so the reduction of the taxes and attempt to like >> go back to the old way >> or get people into the stores. >> But the idea being that more people will then go to the stores. So maybe that'll bring up the revenue. Well, you know, we got screwed at one point when the Office of Cannabis Management, also known as OCM, decided that of the 4% we were guaranteed, 1% should go to the county, which was just like, what? Where's that?
  5. 4:11And they do nothing. All they do is cut the check to us. So, we over we over budget. We over ex our revenue expectations were were not ridiculously high, but um more what's the word? I'm overly optimistic. >> Overly optimistic. Thank you. >> So that's the story. >> Yeah. So that's the situation. I think possible solutions. So the if you look at the budget we have like the big thing that's like the most what's funible like easiest to cut down is Hudson Roots which is also like one of the most important things we do. >> Um so I think there's two approaches. one is um talking to promise and kind of get a sense of is there a way if we don't have funding for them can we help them fund raise >> which I've done because I'm also on the board >> okay continue >> one possibility is if SNAP is restored they've raised some funds to compensate
  6. 5:16for the SNAP loss that maybe they can get those contributors to transfer that dots and roots so that's one real possibility. So that would make up the difference maybe. So that's one thing. And then of course that's going to become um I'm good friends with the their fundraiser. All these developments are going to become part of their fundraising going into the next year to just get people aware of I mean I was at HTC meeting today and even they were concerned about people not having food >> at HDC. That said something, right? >> Wow. Um yeah, so that's one approach. Another approach is we um kind of pursue that and we could either um so last year we gave promise the full funds in the beginning of the year um cuz it's easier for them to budget when they have all the money instead of having to wait for us. and the other issues off of HCPA. If people don't show
  7. 6:18up for meetings or they cancel, then Promise has kind of left on the hook waiting for those funds to come in. Um, so we could discuss if we want to, you know, go ahead and give them 25,000 or whatever for the beginning of the year and if we're able to move the budget around, then we can give them another second aotment come June. Um, I also want to because we're going to have like a lot of transitions. HCPA might not be organized until February. Um, so I would like it that we could cut the check before the end of the year. >> Um, I don't know if that works or if there's like, >> but it's just I don't know something. We got to figure something out or some kind of bridge or like just >> Well, the fact that it's that it's budgeted, it's got to be paid. So, >> right. But HCPI doesn't always meet. >> Oh, you need them to confirm. >> Yeah, cuz if they don't >> like an escrow or something like that. >> I think I'll ask Chris Shale. She's the one who would know the answers what we could do. Um or the other thing is like
  8. 7:20we tell promise, you know, if you have these funds until a certain point. Um >> yeah, >> at least if they know you might not be getting it until midFebruary, then they can plan for that. So yeah, so that is budget update. What about the parking? The parking? Yeah. What's happening there? >> Parking you mentioned. Oh. Oh, >> just you know, we've separated that as a separate division that's now in the police department and >> but the new machines are up, but are they >> some of them? And that was another thing we had kind of uh overest. We thought the project would have gone forward this further by now. It's definitely going to increase revenue. So that's a if it gets done in the next couple of months where we switch to the QR codes and we raise the rates, it should work. And then >> but you know I I mean I know this is not the place where but I've tried to find out um that permit for $500 for the year >> from 200. Don't you think that's a
  9. 8:26little uh high >> just people who are working in, you know, >> um really minimum wage jobs >> that park every day >> where >> in the back, >> right? >> Not street parking. You know what that's all about, but raised >> it's free. >> What? >> It's free if you don't go to a meter. There are not too many places where there aren't meters, >> but I can never find out when there is um you know a public meeting. >> It's now in the Yeah, I'd have to go talk to the parking people in the police station. They're in charge of that now. But the fees you can talk to the council. So, um the council president-elect as I guess who's you should talk to. >> Okay. Thank you. Um okay so we move on to new business. >> Excuse me.
  10. 9:27>> Can we move on to new business? >> Yes you may. >> Okay. Um the first thing there is a grant um pro housing grant different than the technical different than the infrastructure prohousing grant. This is technical assistance grant which is for studies and plans that relate to housing. Um it's a very simple application but we do need council approval. um there's no match for it. So, it's whatever you ask for up to 200,000 would cover the full amount. So, the idea would be any types of studies or plans we want to do related to housing. Um my three ideas that I was going to present, this is why I keep talking. We keep being interrupted. We have this conversation. um for the council. One of them is so we did apply for a smart growth grant for about $250 or $200,000 um to do resoning since we finished our comp plan. Next step is to update the zoning in the city and modernize it and stuff. Um I spoke to DOS and they said we could still apply for zoning for this grant and just let them know we also
  11. 10:31applied to the DOS grant and if we win both and it's more money than we need, we can readjust. But those zoning grants can be really expensive. So, I I don't think it's bad to have more money. Um, another option, um, that's like a very not that big of a lift. It's a smaller scale project. We've done a lot of studies in terms of needs like for renters in terms of price ranges and stuff. We haven't really done and there aren't really any market studies for home ownership um, for affordable home ownership in our area. So could you kind of do something of what what price points can people afford on wages around here? What kind of demand is there for home ownership, town homes versus single house at family houses? And we don't have a lot of the firsttime home buyer programs and down payment assistance programs that other areas have. So um you know, how could we kind of create those? And so that's something that we could um pitch as an idea. Um, the third one, it's a little
  12. 11:35more idealistic, I guess, and ambitious. Um, but I've been thinking a lot about, and this is part of our comp plan, one of our suggestions is creating like a small revolving fund um that could be used either for um for renters who need such like security deposits or first month's rent. Um, Birkshars has one that's been really successful. um they have like a really close to 100% rate in people paying them back. They charge like very low interest. Um so if you need, you know, so it's kind of like would be Hudson Roots except it'd be a loan. Um >> and it'd be more of like, you know, for those moving needs. Um or it could also be used maybe for we've been doing a lot of these grants for home rehab through the state. um and they're good, but those the state and the federal programs make everything so so much more work than it needs to be and comes with so many rules. And what would it look like if we could have a small revolving fund for homeowners and also like local landlords like um
  13. 12:40to try like to do like home rehab programs. Um if landlords did it, it come with like an affordability requirement. Um, and then if homeowners did it, you know, we could figure out if you're below income, you know, or whatever. Um, it's a much more complicated thing to pull off, but I mean, if there's a grant that we have nothing to lose by applying for it, and part of me is like, why not try? Especially as we're looking at this is a time when like we're losing our only housing nonprofit in the county, Galvin. Um, and thinking about, okay, what can we replace? like we're going to have to have new programs, initiatives, and this could be the type of thing that the housing trust fund, you know, if it has, you know, $80,000 something could be used to seed some of these small revolving funds. So, >> can I ask a couple questions? >> Yeah. So, um is so Galvin is Galvin um exiting the county entirely? >> I really don't know what their long-term plans are in terms of like the housing
  14. 13:41resources side. Um, I really don't have like answers. I I don't think it's unwise to think about scaling up in terms of other resources, but I don't know what they're >> But you said we're losing >> well since the the Galvin like the main all of their real estate holdings. Um the I don't know what's happening with like the housing resources side. Um uh the second option that you mentioned, sorry, can you remind me what it was? >> Sorry, it was zoning market study for home ownership like affordable home ownership and then a revolving fund. >> Mhm. >> Yeah. I was curious with the second option. It seems like there hasn't there been like through patterns for progress and also replicas has done like a fair amount of that kind
  15. 14:44of research already in the area. I think >> like I think it's pretty for home ownership. I think it's kind of broad. I don't think it's as specific like if we were like um I was talking like Hudson River Housing shows me the market studies that they're using for project in Planes. We don't have anything that's that detailed of like, >> you know, you'd have a market band of, >> you know, x amount of households within this many miles who could afford this much and would, you know, like two family versus four family, stuff like that. >> And what are those what would that be used for? Like what would be the use of a study if we did that? Um, I think my if we're going to apply for um funding from like um the state for any of their home ownership programs or like we'd want to show them this is the need and could be filled >> or if we want to like pitch developers like oh hey like you don't think people will want to buy home ownership or could
  16. 15:46afford it like here we have proof here's your market study like you know you have this market available and also then the when they go or banks, they have to have that to get funding. >> So, I think and Nick, I'm curious your opinion on this. >> I'm sorry, I was distracted. >> Okay, >> I apologize. >> Do you think there's use in having a market study for like affordable home ownership? >> Definitely. But I do feel like I guess the partnership progress or what is it? Patterns of progress. Um, and some of the other stuff that's been done has outlined some of those kind of things. It's >> Yeah, I guess it's it's it's difficult cuz I feel like we have a lot of >> We have a lot of Yeah, >> we have a lot of data and we know some strategies that could work. >> Yeah. >> But >> and we have our internal stuff that we've done through the city. >> Mhm. and we've outlined them, done feasibility studies, created affordable
  17. 16:48housing plans, and are trying to execute them, but they're >> getting blocked and styied and and >> pushed against. So, >> I mean, that's I don't know. It's hard. >> It's difficult um to know what the good next steps are. >> Maybe that could be a thing we could get. It's like we have to like get a pay write a grant to pay for a consultant or something to aggregate all the data and like from all the different sources the existing sources you know and and um well maybe isn't this what the h like the housing plan or whatever the >> isn't there just something just like this about 3 years ago or something that was sort of a recommendations for next steps. And >> I think in terms of aggregation, I think we have it already. The comp plan, I think, is really thorough. We did a um I worked with pattern report last year. I
  18. 17:51think is pretty good. I think this specific housing data is more like the market study is more like granular than we have. But I hear what you're saying that there's also like we kind of have a lot of data information. It's not that's maybe not the most important thing we need. >> So maybe that wouldn't be the best option. We rule out option two. Okay. >> We're talking about the the three potential ways we could use this grant application. >> Yeah. >> Any thoughts, Usha or Jeff? >> No, I I totally agree. This be another study on a study. >> Yeah. I don't have any ideas thinking, Bobby, based on what you guys are saying. I don't >> Yeah, the um >> you don't want to duplicate. >> The county is applying for this and they have like three components to their request. So, we could also do two, you know, and they might say, "No, we're not funding one of those." Those are it
  19. 18:54could be like this is the first part like zoning and um the revolving fund piece like we could frame them as kind of implementation of two pieces from our comp. >> Can you talk more about the zoning? >> Yeah. So um the comp plan was adopted I don't know this September I think or October. Um >> and so that's the first step that allows you to um pass new zoning. Um, and so the zoning study would be it probably be like 2 years or so of a lot of like community meetings about what's working, what's not in terms of developers or residents and then rewriting the zoning. Um, a lot of our zoning, you can't build like if you want to rebuild what's actually like our our our zoning is like mapped the suburban like setbacks and requirements onto our like historic footprint. And like I don't know if Nicki you want to speak to how difficult it is to build stuff. >> Yeah. So like you know if you were to tear down um a house like where I used to live 101 Union and want to rebuild or
  20. 19:59something like that or lots that are for sale like what's the one on Lower Columbia Street >> um across from the Habitat for Humanity houses. We looked at that for looking at affordable housing and if you tore that down >> cuz it's a tear down. It's it's in such bad shape. >> Yeah. the the house that you can rebuild on that footprint with the setbacks with everything that the zoning laws require doesn't leave you any viable space to build >> and so our zoning in that way restricts any kind of affordable housing. >> Yeah. Housing and also like um just like more creative commercial spaces or like office usage. But how would the zoning new zoning laws if you took out affordable housing if you took that segment out? What would the zoning laws do? >> Wait, why would you take >> I'm just saying for discussion purposes. >> So one thing it would move to what's called a formbbased zoning. So you just you allow things to happen the way
  21. 21:03they've already happened in that neighborhood. So in other words, if something was built to the street now, you couldn't do that under the zoning, but under form base, you certainly could because everything around it is built to the street. >> So you work off whatever whatever the template for that property was originally. >> Yeah. Or it's >> or the neighborhood. Yeah. >> Instead of like saying like this is the use you can have. Like if you read our zoning code, it's like if you're, you know, a tire shop, you can be here. If you're a, you know, a hair salon, you can't blah blah blah. It'd be looking more at what's the effect, what's the impact of this property on the climate. It could be on aesthetics. It could be on transportation. And thinking about how can we make the zoning a more accessible and easier to use. Like I think our development process in Hudson, if you're trying to get your fence repaired versus if you're trying to build, you know, an eight unit building, whatever, it's kind of clunky and it can be hard to like figure out the steps. Um and so kind of updating that and then just also yeah thinking about more modern goals in terms of climate in terms of um you know if we want to
  22. 22:06create historic preservation like how can we make designs in the formulas code that are asking for some of that but allowing things to be built um and thinking about some of the empty spaces we have in the city that maybe been parking lots for a long time or something. If you open up more uses it's more likely those could be redeveloped. um stuff like that. >> I mean, yeah, zone zoning has been I mean, it's been something that has been talked about for so long. So, that seems like a really big >> which is why it's important to make it a part of the comprehensive plan, >> right? >> To get it. Yeah. Because once it's there, then you can justify what you're doing next. >> So, the comprehensive plan was adopted. Does what does it say about zoning? Currently >> it creates so um zoning legally is supposed to be based on a u like a a land use map and so the land use map is the vision of like how do we want land to be used. So, for example, one of the important discussions we had like on the comments and plans steering committee was when you think about the waterfront,
  23. 23:08how do you want that to be used? And are you picturing more of like condos and theaters? Are you picturing more of like kids can bike around, you know, stuff like that? And like so the land use map might say this is more recreational, this is more mixed use, this is more res. And then the zoning code is the what um legally codifies the laws of how you implement that vision, right? So if the vision is that this is going to be park space and the zoning code is saying build XYZ and not this and you you're technically you're not supposed to have a zoning code if you don't have an updated like land use plan because it's kind of like creating rules without a vision for the rules. >> So this the stage is set for the zoning. >> Yeah. >> So yeah, let's do this. Let's do that. >> Cool. Okay, great. Um, moving on to the next item. So, for 2026, um, we I think we kind of had pretty clear goals from last year that I think still make sense for us in terms of focusing
  24. 24:11on um, like rental assistance, thinking about tenant support, like legal support, thinking about communications about housing topics. I think we can get better at that. And then long-term revenue. Um, is there anything else that you guys And also we'll have a meeting in December. So, this is more of like throwing this out there for you to think about for the next few weeks of things that you think maybe are working well or not working well with the housing trust fund that you want us to kind of think about doing differently for 2026. So, >> seems like our fundraising hasn't been uh super effective. >> What fundraising? I think maybe the the funding strategy that's more um because I think the you know the original strategy was getting more public revenue and I think that context was at a different time nationally, locally, politically and so now we kind of need a different strategy. >> Um so we don't really discuss that right now but that's just kind of a topic for next month and also thinking about if
  25. 25:14this time works for folks or if a different time um works. Um, so that's one thing. And then the last thing I wanted to hit on is, um, we technically are short a member. We're supposed to have a minimum of six people. Um, so I think if we want to think about recruiting one or two new people, that'd be good. Um, >> oh, and Tom. >> No. Can I You can recruit me. >> Yeah, we can definitely recruit you. Um, and then >> want me. >> Um, no, we do. >> Of course we want you, Tom. Um, so for Jeff, you you know, you just you're still Exicio for um USA Nick, your terms are up the end of 2026. >> Um, >> wait a second. I just realized, never mind. >> Exeicio common council president. >> Yeah. >> Okay. >> Um, >> you buddy. >> So, um, or designate. Um but yeah, if we want to get some new um you know, new energy on here, maybe younger people, some more representation
  26. 26:16of you know, different generations, whatever, um or perspectives. Just thinking about that. Um the process is that they submit like a a letter of interest to HCPA and HCPA has to formally accept their nomination. >> When does that need to be submitted? >> Um >> or when would you like it? I would I think it'd be great if it was before the December HCPA meeting. Okay. >> Because then we could start the new year with um you know keeping everyone on the same page, but it doesn't have to be at a certain point. >> Okay. >> Um so that's everything I had. We do have a December 10th meeting. I'll send a reminder, but does folks think that's okay? >> That's a Tuesday as well. I mean Wednesday as well. >> Yeah. Cool. >> Um but I'll follow up. See? Um, and then, okay, 6:00. Um, floor is open. If you all have anything else you want to talk about. >> Nope. >> I apologize for getting distracted. When you talked about the Hudson roots getting cut, I just went and looked in
  27. 27:17the budget that try to find the number. >> I went down the rabbit hole of the proposed 2026 budget. >> So, I apologize. >> It's okay. >> Quite distracting. I did want to bring up um something that just emerged in the informal meeting um the other night during Heather's >> informal >> informal. Yeah. Heather's uh Heather Campbell, the treasurer's report about foreclosed properties. And I just wondered if there's anything we should be thinking about um you know in terms of like uh trying to look at what does the city do with those properties and like how that could be. >> A couple things are happening. First, we're trying to make it easier for people to pay back what they owe by reducing the amount that they can use for a down payment to 10% rather than 25. So, that's that's almost the mayor
  28. 28:20has a public hearing and then he signs it to whatever not >> and along with the payment plan, >> right? The payment plan. Now the big thing is there are four or so really six figure um overdue property t tax properties. Um the city sells them just to get back the taxes. I don't I mean we can as I said at the meeting I think we can put in certain rules about you know who how they can be bought. Well, I mean, the thing that's really on my mind about it, um, well, there's a couple things. I mean, but the the pressing thing to me seems like, um, to look into ways to try to make sure that those properties are not bought by like investors. >> Exactly. you know, essentially like buy corporate >> private equity. That's fund.
  29. 29:22>> I don't you know, I don't the biggest sale in last year was about nine properties to a private equity firm. >> That's what's h when it's happening worldwide. It's a it's a huge issue in all >> What do you mean? The biggest >> that was >> nine prop nine mixeduse properties. >> Yeah. >> Really? In forclosure? >> No, they were in foreclosure. They were just a regular private sale. >> Okay. But he was just a large real estate. >> Yeah. Large real estate for private. Yeah. But he sold to private equity firm, >> right? And most of those he got, you know. >> Oh, I know. Got for nothing. >> Got for nothing. >> I know. >> Mhm. >> If the city's not Sorry. Go ahead. You're just >> Yeah. I don't know the story for say I'm not going to >> Yeah, we won't go down that road. But I um I second your line of inquiry and suggestion. >> But if the city's not getting significant revenue from the sales >> Mhm. >> That's right. That's correct. >> Correct. No revenue. >> Yeah. You can only get Yeah.
  30. 30:24>> Is there any >> We get the um um the interest. That's all we get. We get paid the amount owed like like say like on Paddock they owed I think like $195,000 in taxes. We get that. >> Okay. Anything sold beyond that, we don't get it done. That's a new that was done by the Supreme Court like four years ago. They used to give it everything. >> I was just wondering if there was um some mechanism by which they could go to housing trust fund or something like that to then actually be guaranteed to go into >> affordable housing, but you miss out on your >> I guess I guess I guess the trust fund could pay the taxes if they could afford it and only pay the taxes and not the other value. >> Yes. which is how so many so many people in Hudson in the early 2000s late 1990s got all their properties now just by paying the back >> taxes actually that's how >> yeah so yeah that that would be I mean that's seems like you know some kind of uh movement in that direction would be
  31. 31:29like ideal right I mean to in terms of for for example donation to the community land trust for for or you know conveying somehow to a community land trust or um converting somehow to multif family affordable housing >> and I don't know the complications of this but there is the Columbia County Land Bank um which Chris Brown started like 2 3 years ago and they can't operate in Hudson since we're our own foreclosing entity but I wonder if there's a way to have anou cuz land banks are literally set up for that right to >> but they can do the county, >> but if there's a way for them as a mechanism to like >> sorry, >> how do they fund buildings? >> Um the well two things. First, there's a big line at the state budget that goes to land banks so they can like apply for funds for operations and acquisition stuff. Um, but I think some of it's a little more complicated. The county, and
  32. 32:33I'm don't want to speak of things I don't understand, but I do think there's something of because the the towns pass the bills on to the county. If the county has all these properties, I think they're kind of sorting out these will sell at this price and cover this and then these can go to the land bank. It's different for Hudson obviously, >> but if there's like a incentive if the >> I don't know. There's there's things to think about here. >> I don't know if it's allowed. >> Talk to your lawyer. >> Yeah. Has there been any um like questioning of the families that are in these houses if they want to continue to stay in them? >> That be a plan. >> That's what the 10% is trying to help them. >> Yeah. >> Yeah. Do you think >> the idea is to try to make it more possible for the owners to retain ownership, >> right? But I think she's asking if there's been communication with them. >> Tons of communication. >> Tons of communication. >> Yeah, they have done Yeah. Like and like very physical mailing. >> The city's really I think focusing on the the big ones. right now cuz there's a lot of like thousand here, thousand there, you know, >> they'll come >> and then there ones that are hundreds of thousands.
  33. 33:34>> Yeah. >> Yeah. >> So, um I think this let's do a little more research and thinking about this because even if it's it might be really complicated to get like this is where the property would go, but I think it's more possible to get >> like restrictions or like >> you know parameters around. No, because we actually sold the building where we I I mentioned this the other night. We sold the building where we said it um they were going to it was potential reuse. They had to develop it and we said they have to do that within a certain time frame or else or else they pay a big um fine. >> No. So, we're agreeing right now. >> But I thought you said we could. Sorry. >> I sorry. Um, >> so, so should we put like a next step in here for that so that something might actually just before >> more um idea building up on sale and sold to some folks. >> Um, my my pen is dead so I'm putting for the recording of this and then it's next
  34. 34:37ups we'll continue. Um, okay. I said we got here by 610 for Teresa. So, any last thoughts? >> A so sweet, but he just stole it from outside. No big deal. I saw it the other day. >> I bet you have a collection. >> Anything else from committee members that you would like to say? >> Sorry, that's good. >> I'm good. >> Okay. Public comment. >> Just got a question. maybe you can help me clarify something because these foreclosures might foreclose are there any tax leans as part of that process cuz I know a lot of municipalities will sell tax leans. >> Oh, we don't want to do that cuz then that that just appeals to private investors and private equity. You definitely don't want to do that. >> You don't want to do the tax lean. >> You don't want to stop. >> So you're staying away so you're deliberately staying away from that because you're worried about >> of course >> implications. Actually, >> that's like inviting. >> I know, right?
  35. 35:38>> That invites predators. >> What are they called? Tax what? >> In other words, sell the lean. Sell the debt. >> Oh. Oh. >> This is definitely what we don't want to do. >> That's like the horror that's going on throughout the country. >> That's what the bubble that's bubble from. >> Yeah. >> Okay. Any other public comments? >> Motion to adjourn. >> Well, motion to adjurnn. >> Motion. Second. >> Second. >> All those in favor? >> I. >> There we go. We're done. Thank you all.

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