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Resources Committee provide input on how to dedicate the funds. She inquired about local hiring and minimum wage, prevailing wage and local hiring and she asked if this can be required of developers. Dr. Bell said that staff would have to come back with more information regarding the legalities but staff does encourage these with the developer like the Mel's Bowl project. Another Council Member is very glad about the fund to support the HSFA and he supports the nexus studies, and he supports working together with other entities to save money. He would like to see lower and moderate housing be part of the equation and increase the supply of public parking. He believes these are important issues as well as the percent of art but this Council Member believes the City needs to have control over where that goes. This Council Member was very extremely appreciative of the outreach staff conducted and how robust it was. Mr. Aknin said that he would like to give credit to Ms. Diana O'Dell for collecting all the input. Another Council Member wants to continue working on partnerships and he believes there are other opportunities coming up regarding the Precise Plan on EI Camino Real and that is another opportunity. He also said that he supports a percent for art, with specific opportunities in certain developments. Vice Mayor Foust said that it would be good to understand what trades they are using and from where. She said that once that data is available then it can be looked at more carefully. She thanked the community for the CBID — Community Benefits Improvement District- and how this entity has been approved and it will benefit our downtown and she acknowledged Eric Lochetefeld and his work on this front. Another Council Member asked for some tracking how this reflects to reality. Mr. Aknin said that staff is already looking at how to visually track these efforts and program. Mayor Gee thanked everybody on staff, the community and the Council for the innovation and new approach. He said that this exciting and new and his comments focused on: -this is about our community (employer and employees, builders and developers) in general and being a partner -we are all working together to make this a great place -We want you all engaged Mayor Gee is very supportive to encourage developers and builders pay standard wages and he is open to a study to find out if we have the correct workers to meet the need of developers. He said we should check if we have enough local workers with the correct local skill. Mayor Gee said that there will be a downturn in the economy so elasticity is important because there will be a downturn on the economy and so we need to be prepared. He does not want this to be episodic but sustainable and creative. He supports flexibility and openness to consider how to develop the ideal community benefit. He would also like flexibility on the percent for art and most important it needs to be clear, transparent and provide certainty so there are no surprises. He does not want a mystery of hide behind the veil. JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ March 23, 2015 PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 9 MINUTE BOOK NO. 65 Page No. 355