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Mayor Summers encouraged council and residents to see how this will benefit the City in the future by shifting the tax burden off of households and raise property taxes at a rate slower than they would be ordinarily raised. He also remarked on how this will increase the City's vibrancy. The Committee and Mr. Papendreas discussed the use of union labor for the project. The Committee discussed the use of grants and loans to help with the costs of demolition and abatement. Director Sylvester stated that he will be talking with the County and State Departments of Development and Team NEO about grants. However, an approved term sheet is important prior to having those conversations as these grant dollars are usually tied to potential job creation. Ms. Smyers emphasized that Carnegie's commitments to the City are not tied to the city bringing additional dollars or subsidies to the table. Ms. George expressed concern about relying on retail tenants and asked what the breakdown of commercial tenants will be. Mr. Papendreas responded that office tenants will be the primary focus and that Carnegie will work to create synergy between the office and retail tenants. In response to questions by Mr. Bullock, Mr. Papendreas remarked on his vision for filling the office space. There will be four office floors. The best case scenario is that one tenant will want the entire space. Carnegie will work with the future tenant or tenants to build to suit. They will be searching for a company with an expiring lease or one that is growing and expanding. In response to questions by Mr. Bullock, Ms. Nichols stated that it is unusual in the State to find a project of this scope and size without more public subsidy. Mayor Summers and Ms. Nichols addressed questions by Mr. Rader as to why the dollars set aside to raze the property are not included in the ROI calculation. Ms. Nichols explained that this is customary and agreed to provide examples from other developments. Director Sylvester, Mayor Summers, and Ms. Nichols discussed the pros and cons to having the City lease the land instead of sell it. They discussed examples from other cities and explained why they believed this was the less desirable option. Public Comment Dave Wondolowski Mr. Wondolowski spoke as a representative of the Cleveland Building and Trades Council, remarking that other communities in the County are envious of this development opportunity. He encouraged Council to seize the opportunity and to vote in favor of it. Terry Joyce