As part of its multi-year capital planning, staff asked the board to consider reserving $500,000 for larger development partnerships that would support structural stabilization and exterior work on significant downtown buildings, including the Chapman building and related parcels. Raelyn told the board CORE had estimated stabilization costs for the Chapman building and staff used that estimate as the basis for the $500,000 placeholder.

Staff advised the board that any spending would be tied to an RFP and a partner-selection process. "You will get to choose who that person is and whether or not you like their project," Raelyn said, describing a public submission process and multiple opportunities for the board to review proposals; staff emphasized no funds would be disbursed until a partner and a scope were agreed. The board discussed rolling the allocation forward into future fiscal years if it was not needed immediately and noted any payout would likely occur over multiple years rather than as a single lump sum.

Board members also discussed the Pina family’s one‑story food-hall building on Adelaide and a neighboring city lot as a potential packaged sale to make the combined parcel more marketable to private developers. Staff said several prospective local and out-of-town buyers had expressed interest in purchase options and that packaging privately owned buildings with city-owned lots could improve development prospects. Several board members urged caution and said they preferred to see concrete developer proposals and visual improvements before committing funds.